Document:

EX-10.2

 

Exhibit 10.2

AGREEMENT FOR STANDBY LETTER OF CREDIT

In consideration of your issuance of an irrevocable letter of credit (the “Credit”)
substantially in accordance with the terms and conditions provided by the undersigned (the
“Applicant”) on the Application attached hereto or as otherwise requested by Applicant in writing,
Applicant unconditionally agrees with you (“Citibank”) as
follows. attached hereto, (the
“Application”), the undersigned (the “Applicant”), unconditionally agrees with you
(“Citibank”) as follows:

1. Reimbursement.
Applicant will pay Citibank the amount of each draft or other request for
payment (each, a “Draft”) drawn under the Credit whether drawn before, on or, if in accordance with
applicable law, after the expiry date stated in the Credit. Each such payment shall be made, (a) in
the case of a time Draft or deferred payment obligation, without demand and sufficiently in advance
of its maturity to enable Citibank to arrange for its cover in same day funds to reach the place
where it is payable no later than the date of its maturity, and (b) in the case of a sight Draft,
on demand.

2. Commissions, Fees, Charges and Expenses. Applicant will pay Citibank (a)
commissions, fees and other charges on the Credit (for so long as Citibank shall be obligated under
the Credit in accordance with applicable law) at such rates and times as Applicant and Citibank may
agree in writing or, in the absence of such an agreement, in accordance with Citibank’s
commissions, fees and other charges then in effect, payable on demand, and (b) on demand, all
expenses which Citibank may pay or incur in connection with the Credit.

3. Payments; Interest on Past Due Amounts; Computations. All amounts due from
Applicant shall be paid to Citibank at 399 Park Avenue, New York, New York 10043 (or such other
address notified to Applicant in writing), without defense, set-off,
cross-claim, or counterclaim of
any kind, in United States Dollars and in same day funds, provided, however, that if any such
amount is denominated in a currency other than United States Dollars, Applicant will pay the
equivalent of such amount in United States Dollars computed at Citibank’s selling rate for cable
transfers to the place where and in the currency in which such amount is payable, or such other
currency, place, form and manner acceptable to Citibank in its sole discretion. Any amount not paid
when due shall bear interest until paid in full at a daily
fluctuating interest rate per annum
equal to two percent per annum above the rate of interest announced publicly from time to time by
Citibank in New York as Citibank’s Base
Rate, Applicant authorizes Citibank to charge any account of Applicant for any amount when due.
Unless otherwise agreed in writing as to the Credit all computations of commissions, fees and
interest shall be based on a 360-day year and actual days elapsed.

4. Additional Costs. If Citibank determines that the introduction or effectiveness of, or any
change in, any law or regulation or compliance with any guideline or request from any central
bank or other governmental or quasi-governmental authority (whether or not having the force of
law) affects or would affect the amount of capital or reserves required or expected to be
maintained by Citibank or any corporation controlling Citibank and Citibank determines that the
amount of such capital or reserve is increased by or based upon the existence of the Credit, then
Applicant shall pay Citibank on demand from time to time additional amounts sufficient in
Citibank’s judgment to compensate for the increase. Citibank’s certificate as to amounts due
shall be conclusive, in the absence of manifest error.

5. Taxes.
All payments made to Citibank shall be made free and clear of and without deduction
for any present or future taxes, levies, imposts, deductions,
charges, or withholdings, and all
related liabilities, excluding income and franchise taxes imposed by the jurisdiction of
Citibank’s head office or the office issuing the Credit or any of its political subdivisions (all
non-excluded taxes, levies, imposts, deductions, charges, with-holdings and liabilities are called
“Taxes”). If any Taxes shall be required by law to be deducted from or in respect of any sum
payable under this Agreement, (a) the sum payable under this Agreement shall be increased as may
be necessary so that after making all required deductions Citibank receives an amount equal to
the sum Citibank would have received had no such deductions been required, (b) Applicant shall be
responsible for payment of the amount to the relevant taxing authority, (c) Applicant shall
indemnify Citibank on demand for any Taxes paid by Citibank and any liability (including
penalties, interest and expenses) arising from its payment or in respect of such Taxes, whether
or not such Taxes were correctly or legally asserted, and (d) Applicant shall provide Citibank
with the original or a certified copy of the receipt evidencing each Tax payment within 30 days
of the tax payment date.

6. Indemnification. Applicant will indemnify and hold Citibank and its officers, directors,
affiliates, employees attorneys and agents (each, an “Indemnified Party”) harmless from and against
any and all claims, liabilities, losses, damages, costs and expenses including, without limitation,
reasonable attorneys’ fees and disbursements, other dispute resolution expenses (including fees and
expenses in

Page 1 of 7

 

preparation for a defense of, any investigation, litigation or proceeding) and costs of
collection that arise out of or in connection with or by reason of:(a) the issuance of the Credit,
(b) any payment or action taken or omitted to be taken in connection with the Credit (including any
action or proceeding seeking (i) to restrain any drawing under the Credit, (ii) to compel or
restrain the payment of any amount or the taking of any other action under the Credit, (iii) to
compel or restrain the taking of any action under this Agreement, or (iv) to obtain similar relief
(including by way of interpleader, declaratory judgment, attachment, or otherwise), regardless of
who the prevailing party is in any such action or proceeding (c) the enforcement of this Agreement,
or (d) any act or omission, whether rightful or wrongful, of any
present or future de jure or de
facto government or governmental authority or any other cause beyond Citibank’s control, except to
the extent such claim, liability, loss, damage, cost or expense is found in a final, non-appealable
judgment by a court of competent jurisdiction to have resulted from such Indemnified Party’s gross
negligence or willful misconduct. Applicant will pay on demand from time to time all amounts owing
under this section.

7. Obligations Absolute: Limitations of Liability. (a) Applicant’s obligations under
this Agreement (the “Obligations”) shall be unqualified, irrevocable and payable in the
manner and method’ provided for under this Agreement irrespective of any one or more of the
following circumstances: (i) any lack of validity or enforceability of this Agreement, the
Credit, or any other agreement, application, amendment, guaranty, document, or
instrument relating thereto, (ii) any change in the time, manner or place of payment of or in any
other term of all or any of the Obligations of Applicant or the obligations of any person or entity
that guarantees the Obligations, (iii) the existence of any claim, set-off, defense or other right
that Applicant may have at any time against any beneficiary or any transferee of the Credit (or any
person or entity for whom any such beneficiary or transferee may be acting), Citibank or any other
person or entity, whether in connection with any transaction contemplated by this Agreement or any
unrelated transaction, or any claim by Citibank or Applicant against
the beneficiary of the Credit
for breach of warranty, (iv) any exchange, release or non-perfection of any Property (as hereafter
defined) or other collateral, or release or amendment or waiver of or consent to departure from the
terms of any guarantee or security agreement, for all or any of the Obligations, (v) any Draft,
or other document presented under the Credit being forged, fraudulent, invalid, or insufficient or
any statement therein being untrue or inaccurate, (vi) any failure by Citibank to issue the
Credit (or any amendment) as requested, unless Citibank receives written notice from Applicant of
such error within three business days after Applicant shall have received a copy of the Credit (or
such amendment) and such error is material and consequential, (vii) any previous Obligation,
whether or not paid, arising from Citibank’s payment against any Draft, certificate
or other document which appeared on its face to be signed or presented by the proper party but
was in fact signed or presented by a party posing as the proper party, (viii) payment by Citibank
under the Credit against presentation of a Draft or other document that does not comply with the
terms and conditions of the Credit unless Citibank receives written notice from Applicant of such
discrepancy within three business days following Applicant’s receipt of such Draft or other
document, and (ix) any action or inaction taken or suffered by Citibank or any of its
correspondents in connection with the Credit or any relevant Draft, certificate, other document or
Property, if taken in good faith (i.e. honesty in fact in the conduct or transaction concerned,
“Good Faith”) and in conformity with applicable U.S. or foreign law or letter of credit practices,
(b) Without limiting any other provision of this Agreement, Citibank and any of its correspondents:
(i) may rely upon any oral, telephonic, telegraphic, facsimile, electronic, written or other
communication believed in Good Faith to have been authorized by Applicant, whether or not given or
signed by an authorized person, (ii) shall not be responsible for errors, omissions,
interruptions or delays in transmission or delivery of any message, advice or document in
connection with the Credit, whether transmitted by courier, mail, telex, any other
telecommunication, or otherwise (whether or not they be in cipher), or for errors in interpretation
of technical terms or in translation (and Citibank and its correspondents may transmit Credit terms
without translating them (iii) shall not be responsible for the identity or authority of any signer
or the form, accuracy, genuineness, falsification or legal effect of any Draft, certificate or
other document presented under the Credit if such Draft, certificate or other document on its face
appears to be in accordance with the terms and conditions of the Credit, (iv) shall not be
responsible for any acts or omissions by or the solvency of the beneficiary of the Credit or any
other person or entity having any role in any transaction underlying the Credit, (v) may accept or
pay as complying with the terms and conditions of the Credit any Draft, certificate or other
document appearing on its face (A) substantially to comply with the terms and conditions of the
Credit, (B) to be signed or presented by or issued to any successor of the beneficiary or any other
person in whose name the Credit requires or authorizes that any Draft, certificate or other
document be signed, presented or issued, including any administrator, executor, personal
representative, trustee in bankruptcy, debtor in possession, liquidator, receiver, or successor by
merger or consolidation, or any other person or entity purporting to act as the representative of
or in place of any of the foregoing, or (C) to have been signed, presented or issued after a change
of name of the beneficiary, (vi) may disregard (A) any requirement stated in the Credit that any
Draft, certificate or other document be presented to it at a particular hour or place and (B) any
discrepancies that do not reduce the value of the beneficiary’s performance to Applicant in any
transaction underlying the Credit, (vii) may accept as a Draft any written or electronic demand or
other request for payment under the Credit, even if such demand

Page 2 of 7

 

or other request is not in the form of a negotiable draft, (viii) shall not be responsible for
the effectiveness or suitability of the Credit for Applicant’s purpose, or be regarded as the
drafter of the Credit regardless of any assistance that Citibank may, in its discretion, provide to
Applicant in preparing the text of the Credit or amendments thereto, (ix) shall not be liable to
Applicant for any consequential or special damages, or for Any damages resulting from any change
in the value of any foreign currency, services or goods or other property covered by the Credit,
(x) may assert or waive application of UCP (as defined below)
Articles 17 (force majure) and 45
(hours of presentation) and all other UCP articles primarily benefiting bank issuers, (xi) may
honor a previously dishonored presentation under the Credit, whether pursuant to court order, to
settle or compromise any claim that it wrongfully dishonored, or
otherwise, and shall be entitled
to reimbursement to the same extent as if it had initially honored plus reimbursement of any
interest paid by it, (xii) may honor, upon receipt, any drawing that is payable upon presentation
of a statement advising negotiation or payment (even if such statement indicates that a Draft,
certificate or other document is being separately delivered) and shall not be liable for any
failure of any Draft, certificate or document to arrive or to conform in any way with the Draft,
certificate or other document referred to in the statement or any underlying contract, and (xiii)
may pay any paying or negotiating bank (designated or permitted by the terms of the Credit)
claiming that it rightfully honored under the laws or practices of the place where it is located.
None of the circumstances described in this section shall place Citibank or any of its
correspondents under any resulting liability to Applicant.

8. Independence. Applicant acknowledges that the rights and obligations of Citibank under the
Credit are independent of the existence, performance or nonperformance of any contract or
arrangement underlying the Credit, including contracts or arrangements between Citibank and
Applicant and between Applicant and the beneficiary of the Credit.
Citibank shall have no duty to
notify Applicant of its receipt of a Draft, certificate or other document presented under the
Credit or of its decision to honor the Credit, Citibank may, without incurring any liability to
Applicant or impairing its entitlement to reimbursement under this Agreement, honor the Credit
despite notice from Applicant of, and without any duty to inquire into, any defense to payment or
any adverse claims or other rights against the beneficiary of the Credit or any other person.
Citibank shall have no duty to request or require the presentation of any document, including any
default certificate, not required to be presented under the terms and conditions of the Credit.
Citibank shall have no duty to seek any waiver of discrepancies from Applicant, nor any duty to
grant any waiver of discrepancies which Applicant approves or requests. Citibank shall have no duty
to extend the expiration date or term of the Credit or to issue a replacement letter of credit on
or before the expiration date of the credit or the end of such term.

9. Non-Documentary Conditions. Citibank is authorized (but shall not be required) to disregard any
non-documentary conditions stated in the Credit.

10. Transfers. If, at Applicant’s request, the Credit is issued in transferable form, Citibank
shall have no duty to determine the proper identity of anyone appearing in any transfer request,
Draft, or other document as transferee, nor shall Citibank be responsible for the validity or
correctness of any transfer.

11. Extensions
and Modifications of the Credit. This Agreement shall be binding upon Applicant with
respect to any extension or modification of the Credit made at Applicant’s request or with
Applicant’s consent. Applicant’s Obligations shall not be
reduced or Impaired in any way by any
agreement by Citibank and the beneficiary of the Credit extending Citibank’s time to honor or to
give notice of discrepancies and any such agreement shall be binding upon Applicant.

12. [DELETED]

13. Additional
Bond or Collateral. (a) If at any time Applicant shall seek to restrain or preclude
payment of or drawing under the Credit or any court shall extend the term of the Credit or take any
other action which has a similar affect, then, In each case, Applicant shall provide Citibank with
a bond or other collateral of a type and value satisfactory

Page 3 of 7

 

to Citibank as security for the Obligations, (b) If at any time and from time to time
Citibank, in its discretion, requires collateral (or additional collateral). Applicant will on
demand assign and deliver to Citibank as security for the Obligations, collateral of a type and
value satisfactory to Citibank or make such cash payment as Citibank
may require.

14. [DELETED]

15. Covenants of Applicant. Applicant will (a) comply with all U.S. and foreign laws, regulations
and rules (including foreign exchange control regulations, U.S. foreign assets control regulations
and other trade-related regulations) now or later applicable to the Credit, transactions related to
the Credit, or Applicant’s execution, delivery and performance under this Agreement, and deliver to
Citibank, upon reasonable request, satisfactory evidence of such compliance, (b) deliver to
Citibank, upon reasonable request, financial statements and other information concerning
Applicant’s financial condition and business operations, (c) permit Citibank to inspect its books
and records and audit any Property on reasonable notice, (d) inform Citibank immediately upon
Applicant becoming aware of the occurrence of an Event of Default (as defined below) and (e) cause
all goods constituting Property to be insured against fire, theft and other usual risks and any
other risks which Citibank may reasonably request.

16. Representations and Warranties of Applicant. Applicant represents and warrants
that (a) it is validly existing and in good standing under the laws of the jurisdiction in which it
is organized; (b) its execution, delivery and performance of this Agreement are within its powers,
have been duly authorized, do not contravene any contract binding on or affecting it or any of its
properties, do not violate any applicable law or regulation, and do not require any notice, filing
or other action to or by any governmental authority; (c) this Agreement is valid and binding upon
Applicant; (d) the financial Statements most recently received by Citibank from Applicant fairly
present its financial condition in accordance with generally accepted accounting principles, there
is no pending or threatened action which may materially adversely affect its financial condition or
business or which purports to affect the validity or enforceability of this Agreement, the Credit
or any transaction related to the Credit; and (e) neither the granting of any collateral security
for the Obligations, nor the issuance of the Credit, nor the making of any payment thereunder or
the use of any proceeds thereof, constitutes or will constitute, or be part of, a preferential or
fraudulent transfer or conveyance to any one (including Citibank and the beneficiary of the Credit)
under any applicable law, including Section 544, 547, 548 or 550 of the United States Bankruptcy
Code. Each request by Applicant for a Credit shall constitute its representation and warranty that
the foregoing statements are true and correct as if made on the date of such request.

17. Default. Each of the following shall be an “Event of Default” under this Agreement: (a)
Applicant’s failure to pay when due any obligation to Citibank or any of its subsidiaries and
affiliates (under this Agreement or otherwise), (b) Applicant’s failure to perform or observe any
other term or covenant of this Agreement, (c) Applicant’s breach of any representation or warranty
made in this Agreement or any document delivered by it under this Agreement, (d) Applicant’s
dissolution or termination, (e) institution by or against Applicant of any proceeding under any law
relating to bankruptcy, insolvency or reorganization or relief of debtors or seeking the
appointment of a receiver, trustee, or other similar official for Applicant or for any substantial
part of its property, (f) any actual or threatened seizure, vesting or intervention by or under
authority of a government by which Applicant’s management is displaced or its authority or control
of its business is curtailed, (g) attachment or restraint of any Property, any funds or other
property which may be in, or come into, the possession or control of Citibank or of any third party
acting on Citibank’s behalf, for the account or benefit of Applicant, or the issuance of any order
of any court or other legal process against the same, (h) if Applicant is an individual, Applicant’s
death or incompetency, or (i) the occurrence of any of the above events with respect to any person
or entity which has heretofore or hereafter guaranteed or provided any collateral security for any
of the Obligations.

18. Remedies. If any Event of Default shall have occurred and be continuing, the amount of the
Credit as well as any or all Obligations shall, at Citibank’s option, become due and payable
immediately without presentment, demand, protest, or notice of any kind, all of which are hereby

Page 4 of 7

 

expressly waived by Applicant; provided, however, that in the event of an actual or deemed
entry of an order for relief with respect to Applicant under the U.S. Federal Bankruptcy Code, the
amount of the Credit and all Obligations shall automatically become due and payable without
presentment, demand, protest or notice of any kind, all of which are hereby expressly waived by
Applicant.

19. Set-off. If any Event of Default shall occur and be continuing, Citibank may set off and apply
any and all deposits (general or special, time or demand, provisional or final) at any time held
and other indebtedness at any time owing by Citibank to or for the credit or the account of
Applicant (“Deposits”) against any and all of the Obligations, irrespective of whether or not
Citibank shall have made any demand under this Agreement and although
such Deposits or Obligations may be unmatured or contingent.
Citibank’s rights under this section are in addition to other rights and remedies (including other
rights of set-off) which Citibank may have under this Agreement or applicable law.

20. Waiver of Immunity. Applicant acknowledges that this Agreement is, and the Credit will be,
entered into for commercial purposes and, to the extent that Applicant now or later acquires any
immunity from jurisdiction of any court or from any legal process with respect to itself or its
property, Applicant now irrevocably waives its immunity with respect to the Obligations.

21.
Notices; Interpretation; Severability. Notices shall be effective, if to Applicant, when sent
to its address indicated below the signature line and, if to Citibank, when received at 399 Park
Avenue, New York, New York 10043, or as to either, such other address as either may notify the
other in writing. If this Agreement is signed by two or more persons or entities, (i) each such
person or entity shall be deemed an “Applicant” hereunder, (ii) each Applicant shall be jointly and
severally liable for all the Obligations hereunder, and (iii) notices from Citibank in connection
with this Agreement or the Credit to either Applicant and notices from, or the consent of, either
Applicant in connection with this Agreement or the Credit shall be sufficient to bind all
Applicants. Headings are included only for convenience and are not interpretative. The term
“including” means “Including without limitation.”
If any provision of this Agreement is held
illegal or unenforceable, the validity of the remaining provisions shall not be affected.

22. Successors and Assigns. This Agreement shall be binding upon Applicant and its successors
and permitted assigns, and shall inure to the benefit of and be enforceable by Citibank, its
successors and assigns. Applicant shall not voluntarily transfer or otherwise assign any of its
obligations under this Agreement. Citibank may transfer or otherwise assign its rights and
obligations under this Agreement, in whole or in part, and shall be forever relieved from any
liability with respect to the portion of Citibank’s rights or obligations transferred or assigned.
Applicant acknowledges that Information pertaining to Applicant as it relates to this Agreement or
the Credit may be disclosed to (actual or potential) transferees or assignees. This Agreement
shall not be construed to confer any right or benefit upon any person or entity other than
Applicant and Citibank and their
respective successors and permitted assigns.

23.
Modification; No Waiver. None of the terms of this Agreement may be waived or amended
except in a writing signed by the party against whose interest the term is waived or amended.
Forbearance, failure or delay by Citibank in the exercise of a remedy shall not constitute a
waiver, nor shall any exercise or partial exercise of any remedy preclude any further exercise of
that or any other remedy.

Page 5 of 7

 

Any waiver or consent by Citibank shall be effective only in the specific instance and
for the specific purpose for which it is given and shall not be deemed, regardless of frequency
given, to be a further or continuing waiver or consent.

24. Multiple Role Disclosure. Citibank and its affiliates offer a wide range of financial
services, Including back-office letter of credit processing services on behalf of financial
institutions and letter of credit beneficiaries. Our services are provided internationally to a
wide range of customers, some of whom may be Applicant’s counter-parties or competitors. Applicant
acknowledges and accepts that Citibank and its affiliates may perform more than one role in
relation to a particular Credit.

25. Other
Agreements; Remedies Cumulative; Delivery by Facsimile. To the extent this
Agreement conflicts with a Continuing Agreement for Letters of Credit made between Applicant
and Citibank, less than three years prior to the date hereof, the prior agreement shall
control. This Agreement (and any controlling agreement described in the preceding sentence)
constitutes the entire agreement between the parties concerning Citibank’s issuance of a letter
or letters of credit for Applicant’s account and supersedes all prior or simultaneous
agreements, written or oral. All rights and remedies of Citibank under this Agreement and other
documents delivered in connection with this Agreement are cumulative and in addition to any
other right or remedy under this Agreement, the Credit or applicable law. Delivery of a signed
signature page to this Agreement by facsimile transmission shall be effective as, and shall
constitute physical delivery of, a signed original counterpart of
this Agreement.

26.
Termination; Surviving Provisions. This Agreement shall be terminated only upon payment in
full to Citibank of all Obligations hereunder. Restrictive provisions in this Agreement, such as
indemnity, tax, immunity, and jurisdiction provisions shall survive termination of this
Agreement if the Credit is issued in favor of any bank or other financial or commercial entity
in support of an undertaking issued by such bank or entity on behalf of Applicant or Citibank,
Applicant shall remain liable under this Agreement (even after expiry of the Credit) for
amounts paid and expenses incurred by Citibank with respect to the Credit or the undertaking
until Citibank is released by such other bank or entity.

27.
Governing Law; Governing Guidelines. (a) This Agreement and the rights and obligations of
Applicant and Citibank hereunder shall be governed by and subject to the laws of the state of New
York and applicable U.S. Federal laws, (b) Applicant agrees that Citibank may issue any Credit
subject to the Uniform Customs and Practice for Documentary Credits,
1993 Revision. International
Chamber of Commerce Publication No. 500 (the “UCP”) or the international Standby
Practices, International Chamber of Commerce No. 590 (the “ISP”) or, at Citibank’s option, such
later revision thereof in effect at the time of issuance of the Credit. The UCP or the ISP, as
applicable, shall serve, in the absence of proof to the contrary, as evidence of general banking
usage with respect to the subject matter thereof, (c) Applicant agrees that for matters not
addressed by the UCP or the ISP, each Credit shall be subject to and governed by the laws of the
state of New York and applicable U.S. Federal laws. If, at Applicant’s request, a Credit expressly
chooses a state or country law other than New York, U.S.A., or is silent with respect to UCP, ISP or
governing law, Citibank shall not be liable for any payment, cost, expense or loss resulting from
any action or inaction taken by Citibank if such action or inaction is justified under UCP, ISP,
New York law or the law governing the Credit.

28.
Jurisdiction; Service of Process. Applicant now irrevocably submits to the non-exclusive
jurisdiction of any state or federal court sitting in New York. New York, for itself, and in
respect of any of its property and, if a law other than New York, U.S.A. has been chosen to govern
the Credit, Applicant also now irrevocably submits to the non-exclusive jurisdiction of
any state or federal court sitting in such jurisdiction. Applicant agrees not to bring any action
or proceeding against Citibank in any jurisdiction not described in the immediately preceding
sentence. Applicant irrevocably waives any objection to venue or any claim of inconvenience.
Applicant agrees that any service of process or other notice of legal process may be served upon it
by mail or hand delivery if sent to, at 411 Seventh Avenue, Mail Drop
7-3, Pittsburgh, PA 15219
which Applicant now designates its authorized agent for the service of process in the courts in the
State of New York. (If no authorized agent is designated in the space provided above. Applicant
agrees that process shall be deemed served if sent to its address given for notices under this
Agreement.) Applicant agrees that nothing in this Agreement shall affect Citibank’s right to serve
process in any other manner permitted by law or to commence legal proceedings or otherwise proceed
against Applicant in any other jurisdiction. Applicant agrees that final judgment against it in any
action or proceeding shall be enforceable in any other jurisdiction within or outside the United
States of America by suit on the judgment, a certified copy of which shall be conclusive evidence
of the judgment.

29. JURY TRIAL WAIVER. APPLICANT AND CITIBANK EACH IRREVOCABLY WAIVES ITS RIGHT TO A JURY
TRIAL OF ANY CLAIM, COUNTERCLAIM OR CAUSE OF ACTION BASED UPON OR ARISING OUT OF THIS AGREEMENT,
THE CREDIT, OR ANY DEALINGS WITH ONE ANOTHER RELATING TO THE SUBJECT MATTER

Page 6 of 7

 

OF THIS AGREEMENT,

	 	 	 	 	 
	 

	 	Approvals to Issue
	 	 
	 
	 	 	 	 
	 

	 	 	 	 
	 

	 	Relationship Manager (Signature & Stamp)	 	 
	 

Item 159400 (SF1427) Rev 1/98

	 	 	 	 
	 

	 	/s/ Oscar Cragwell	 	 
	 

	 	 	 	 
	 

	 	OSCAR CRAGWELL	 	 
	 

	 	Vice President	 	 
	 
	 

	 	 	 	 
	 

	 	(Other required Signature & Stamp)	 	 

Very truly yours,

	 	 	 	 	 
	Applicant

	 	Duquesne Light Holdings, Inc.
 

(Company Name)
	 	 

	 	 	 	 	 
	By: (Authorized Signer):	 	 
	 
	 	 	 	 
	 

	 	/s/ William F. Fields
 

(Signature)
	 	 
	 
	 	 	 	 
	 

	 	William F. Fields
 

(Print Name)
	 	 
	 
	 	 	 	 
	 

	 	Vice President & Treasurer
	 	 
	 

	 	 	 	 
	 

	 	(Title)	 	 
	 
	 	 	 	 
	Address:

	 	411 Seventh Avenue, 7 - 3,
	 	 
	 

	 	 	 	 
	 

	 	Pittsburgh PA 15219
	 	 
	 

	 	 	 	 
	 
	 	 	 	 
	Co-Applicant (if any):	 	 
	 
	 		 	 
	 

	 	 
	 	 
	 
	 		 	 
	 
	By (Authorized Signer):	 	 
	 
	 	 	 	 
	 

	 	 
	 	 
	 

	 	(Signature)	 	 
	 
	 	 	 	 
	 

	 	 

(Print Name)
	 	 
	 
	 	 	 	 
	 

	 	 

(Title)
	 	 
	 
	 	 	 	 
	Address:
	 	 	 	 
	 

	 	 

	 	 
	 
	 	 	 	 
	 

	 	 

	 	 
	(For Citibank Use Only)	 	 

Page 7 of 7Unassociated Document

    Exhibit
      10.1

     

    Execution
      Version

     

    

     

    AMENDED
      AND RESTATED CREDIT AGREEMENT

     

    Dated
      as of May 2, 2006

     

    by
      and among

     

    THE
      HAIN CELESTIAL GROUP, INC.

     

    and

     

    BANK
      OF AMERICA, N.A.

    as
      Administrative Agent,

     

    KEYBANK
      NATIONAL ASSOCIATION and

     

    CITIBANK,
      N.A.

     

    as
      Co-Syndication Agents,

     

    FIRST
      PIONEER FARM CREDIT, ACA
      and

     

    HSBC
      BANK USA, N.A.

     

    as
      Co-Documentation Agents,

     

    NORTH
      FORK BANK

     

    as
      Managing Agent

     

    and

     

    THE
      LENDERS PARTY HERETO

     

    

     

    

     

    

     

    

     

    BANC
      OF AMERICA SECURITIES, LLC,

     

    as
      Sole Lead Arranger and Sole Bookrunner

     

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

      TABLE
        OF CONTENTS
 

     

    
      
        
          	
                  ARTICLE
                    I. DEFINITIONS AND ACCOUNTING TERMS

                	
                  1

                
	
                  Section
                    1.01 Definitions.

                	
                  1

                
	
                  Section
                    1.02 Terms Generally.

                	
                  19

                
	
                  ARTICLE
                    II. LOANS

                	
                  19

                
	
                  Section
                    2.01 Revolving Credit Facility.

                	
                  19

                
	
                  Section
                    2.02 Revolving Credit Notes.

                	
                  19

                
	
                  Section
                    2.03 Letters of Credit.

                	
                  20

                
	
                  Section
                    2.04 Swingline Loans.

                	
                  24

                
	
                  Section
                    2.05 Increase in Commitments.

                	
                  26

                
	
                  ARTICLE
                    III. PROVISIONS RELATING TO ALL EXTENSIONS OF CREDIT;

                	 
	
                  FEES
                    AND PAYMENTS

                	
                  28

                
	
                  Section
                    3.01 Interest Rate; Continuation and Conversion of Loans.

                	
                  28

                
	
                  Section
                    3.02 Use of Proceeds.

                	
                  30

                
	
                  Section
                    3.03 Prepayments.

                	
                  30

                
	
                  Section
                    3.04 Fees.

                	
                  31

                
	
                  Section
                    3.05 Computation of Interest and Fees.

                	
                  32

                
	
                  Section
                    3.06 Illegality.

                	
                  32

                
	
                  Section
                    3.07 Increased Costs.

                	
                  32

                
	
                  Section
                    3.08 Indemnity.

                	
                  34

                
	
                  Section
                    3.09 Mitigation, Obligations; Replacement of Lenders.

                	
                  34

                
	
                  Section
                    3.10 Taxes.

                	
                  35

                
	
                  Section
                    3.11 Pro Rata Treatment and Payments.

                	
                  37

                
	
                  Section
                    3.12 Funding and Disbursement of Loans.

                	
                  38

                
	
                  ARTICLE
                    IV. REPRESENTATIONS AND WARRANTIES

                	
                  39

                
	
                  Section
                    4.01 Organization, Powers.

                	
                  39

                
	
                  Section
                    4.02 Authorization of Borrowing, Enforceable Obligations.

                	
                  39

                
	
                  Section
                    4.03 Financial Condition.

                	
                  40

                
	
                  Section
                    4.04 Taxes.

                	
                  40

                
	
                  Section
                    4.05 Title to Properties.

                	
                  41

                
	
                  Section
                    4.06 Litigation.

                	
                  41

                
	
                  Section
                    4.07 Agreements.

                	
                  41

                
	
                  Section
                    4.08 Compliance with ERISA.

                	
                  41

                
	
                  Section
                    4.09 Federal Reserve Regulations; Use of Proceeds.

                	
                  42

                
	
                  Section
                    4.10 Approvals.

                	
                  43

                
	
                  Section
                    4.11 Subsidiaries and Affiliates.

                	
                  43

                
	
                  Section
                    4.12 Hazardous Materials.

                	
                  43

                
	
                  Section
                    4.13 Investment Company Act.

                	
                  43

                
	
                  Section
                    4.14 No Default.

                	
                  43

                
	
                  Section
                    4.15 Credit Arrangements.

                	
                  43

                
	
                  Section
                    4.16 Permits and Licenses.

                	
                  44

                
	
                  Section
                    4.17 Compliance with Law.

                	
                  44

                

        

        
          
            i

            
            

          

          
            
            

            
              

            

          

          
            
            

          

        

        

        
          	
                  Section
                    4.18 Disclosure.

                	
                  44

                
	
                  Section
                    4.19 Labor Disputes and Acts of God.

                	
                  44

                
	
                  ARTICLE
                    V. CONDITIONS OF LENDING

                	
                  44

                
	
                  Section
                    5.01 Conditions to Initial Extension of Credit.

                	
                  44

                
	
                  Section
                    5.02 Conditions to Extensions of Credit.

                	
                  46

                
	
                  ARTICLE
                    VI. AFFIRMATIVE COVENANTS

                	
                  47

                
	
                  Section
                    6.01 Existence, Properties, Insurance.

                	
                  47

                
	
                  Section
                    6.02 Payment of Indebtedness and Taxes.

                	
                  48

                
	
                  Section
                    6.03 Financial Statements, Reports, etc.

                	
                  48

                
	
                  Section
                    6.04 Books and Records; Access to Premises.

                	
                  49

                
	
                  Section
                    6.05 Notice of Adverse Change.

                	
                  50

                
	
                  Section
                    6.06 Notice of Default.

                	
                  50

                
	
                  Section
                    6.07 Notice of Litigation.

                	
                  50

                
	
                  Section
                    6.08 Notice of Default in Other Agreements.

                	
                  50

                
	
                  Section
                    6.09 Notice of ERISA Event.

                	
                  50

                
	
                  Section
                    6.10 Notice of Environmental Law Violations.

                	
                  51

                
	
                  Section
                    6.11 Compliance with Applicable Laws.

                	
                  51

                
	
                  Section
                    6.12 Additional Subsidiaries.

                	
                  51

                
	
                  Section
                    6.13 Environmental Laws.

                	
                  52

                
	
                  Section
                    6.14 Management Letters.

                	
                  52

                
	
                  ARTICLE
                    VII. NEGATIVE COVENANTS

                	
                  52

                
	
                  Section
                    7.01 Indebtedness.

                	
                  52

                
	
                  Section
                    7.02 Liens.

                	
                  54

                
	
                  Section
                    7.03 Guaranties.

                	
                  55

                
	
                  Section
                    7.04 Sale of Assets.

                	
                  55

                
	
                  Section
                    7.05 Sales of Receivables.

                	
                  56

                
	
                  Section
                    7.06 Loans and Investments.

                	
                  56

                
	
                  Section
                    7.07 Nature of Business.

                	
                  57

                
	
                  Section
                    7.08 Reserved.

                	
                  57

                
	
                  Section
                    7.09 Federal Reserve Regulations.

                	
                  57

                
	
                  Section
                    7.10 Accounting Policies and Procedures.

                	
                  57

                
	
                  Section
                    7.11 Hazardous Materials.

                	
                  57

                
	
                  Section
                    7.12 Limitations on Fundamental Changes, Limitations on 

                	57
	
                  Consideration.

                	
                  57

                
	
                  Section
                    7.13 Financial Condition Covenants.

                	
                  58

                
	
                  Section
                    7.14 Subordinated Debt.

                	
                  58

                
	
                  Section
                    7.15 Dividends.

                	
                  58

                
	
                  Section
                    7.16 Transactions with Affiliates.

                	
                  59

                
	
                  Section
                    7.17 Negative Pledge.

                	
                  59

                
	
                  ARTICLE
                    VIII. EVENTS OF DEFAULT

                	
                  59

                
	
                  Section
                    8.01 Events of Default.

                	
                  59

                
	
                  ARTICLE
                    IX. THE ADMINISTRATIVE AGENT

                	
                  62

                
	
                  Section
                    9.01 Appointment, Powers and Immunities.

                	
                  62

                
	
                  Section
                    9.02 Reliance by Administrative Agent.

                	
                  62

                
	
                  Section
                    9.03 Events of Default.

                	
                  63

                
	
                  Section
                    9.04 Rights as a Lender.

                	
                  63

                
	
                  Section
                    9.05 Indemnification.

                	
                  63

                

        

        
          
             

            ii

          

          
            
            

            
              

            

          

          
            
            

          

        

        

        
          	
                  Section
                    9.06 Non-Reliance on Administrative Agent and Other
                    Lenders.

                	
                  64

                
	
                  Section
                    9.07 Failure to Act.

                	
                  64

                
	
                  Section
                    9.08 Resignation of an Agent.

                	
                  64

                
	
                  Section
                    9.09 Pro Rata Sharing.

                	
                  65

                
	
                  ARTICLE
                    X. MISCELLANEOUS

                	
                  65

                
	
                  Section
                    10.01 Notices.

                	
                  65

                
	
                  Section
                    10.02 Efectiveness; Survival.

                	
                  67

                
	
                  Section
                    10.03 Expenses.

                	
                  67

                
	
                  Section
                    10.04 Amendments and Waivers.

                	
                  68

                
	
                  Section
                    10.05 Successors and Assigns; Participations.

                	
                  68

                
	
                  Section
                    10.06 No Waiver; Cumulative Remedies.

                	
                  71

                
	
                  Section
                    10.07 APPLICABLE LAW.

                	
                  71

                
	
                  Section
                    10.08 SUBMISSION TO JURISDICTION; JURY WAIVER.

                	
                  71

                
	
                  Section
                    10.09 Severability.

                	
                  72

                
	
                  Section
                    10.10 Right of Setoff.

                	
                  73

                
	
                  Section
                    10.11 Confidentiality.

                	
                  73

                
	
                  Section
                    10.12 Provisions Regarding Co-Syndication Agents and Co- Documentation
                    Agents.

                	
                  74

                
	
                  Section
                    10.13 Headings.

                	
                  74

                
	
                  Section
                    10.14 Construction.

                	
                  74

                
	
                  Section
                    10.15 Counterparts.

                	
                  74

                
	
                  Section
                    10.16 No Advisory or Fiduciary Responsibility

                	
                  74

                
	
                  Section
                    10.17 USA Patriot Act Notice

                	
                  75

                

        

        

      

      

    

    

       

      

    

    
 

    

     

     

    
      
        
        

      

      
        iii

        
          

        

      

      
        
        

      

    

    SCHEDULES

     

     

    Schedule
      I - Subsidiaries
      and Affiliates

     

    Schedule
      II - Existing
      Liens

     

    Schedule
      III - Indebtedness

     

    Schedule
      IV - Existing
      Guarantees

     

    Schedule
      V - Credit
      Arrangements

     

    Schedule
      VI - Litigation

     

    Schedule
      VII - ERISA
      Violations

     

    Schedule
      VIII - Written
      Arrangements with Affiliates

     

    

     

    EXHIBITS

     

    

     

    Exhibit
      A - Form
      of
      Revolving Credit Note

     

    Exhibit
      B - Form
      of
      Swingline Note

     

    Exhibit
      C - Form
      of
      Guaranty

     

    Exhibit
      D - Form
      of
      Reaffirmation of Guaranty

     

    Exhibit
      E - Form
      of
      Assignment and Acceptance Agreement

     

    Exhibit
      F - Form
      of
      Opinion of Counsel (Cahill Gordon & Reindel LLP)

     

    Exhibit
      G - Form
      of
      U.S. Tax Compliance Certificate

     

    

     

    
      
        
        

      

      
        iv

        
          

        

      

      
        
        

      

    

     

     

    AMENDED
      AND RESTATED CREDIT AGREEMENT
      dated as
      of May 2, 2006, by and among THE
      HAIN CELESTIAL GROUP, INC.,
      a
      Delaware corporation (the “Company”), the LENDERS
      which
      from time to time are parties to this Agreement (individually, a “Lender” and,
      collectively, the “Lenders”), BANK
      OF AMERICA, N.A.,
      a
      national banking association organized under the laws of the United States
      of
      America, as Administrative Agent (the “Administrative Agent), KEYBANK
      NATIONAL ASSOCIATION and CITIBANK, N.A.,
      as
      Co-Syndication Agents (collectively, the “Co-Syndication Agents”), FIRST
      PIONEER FARM CREDIT, ACA and
      HSBC BANK USA, N.A.,
      as
      Co-Documentation Agents (collectively, the “Co-Documentation Agents”) and
NORTH
      FORK BANK, as
      Managing Agent (the “Managing Agent”).

     

    RECITALS

     

    WHEREAS,
      the Company, the Administrative Agent and certain of the Lenders are party
      to
      the 2004 Credit Agreement (as defined below); and

     

    WHEREAS,
      the parties hereto desire to amend in various respects and restate the 2004
      Credit Agreement in its entirety;

     

    NOW,
      THEREFORE, the parties hereto agree to amend and restate the 2004 Credit
      Agreement to provide in its entirety as follows:

     

    The
      Company has requested the Lenders to extend credit from time to time and the
      Lenders are willing to extend such credit to the Company, subject to the terms
      and conditions hereinafter set forth.

     

    Accordingly,
      the parties hereto agree as follows:

     

    ARTICLE
      I.

    DEFINITIONS
      AND ACCOUNTING TERMS

     

    Section
      1.01  Definitions.

     

    As
      used
      herein, the following terms shall have the following meanings:

     

    “2004
      Credit Agreement” means that certain Credit Agreement, dated April 22, 2004, by
      and among the Company, Fleet National Bank, as Administrative Agent, SunTrust
      Bank and Keybank National Association, as co-syndication agents, HSBC Bank
      USA
      and First Pioneer Farm Credit, ACA as co-documentation agents, and the Lenders
      party thereto (as such term is defined therein), as amended through the date
      hereof.

     

    “Acceptable
      Acquisition” shall mean any acquisition (whether by merger or otherwise) by the
      Company or any Subsidiary of the Company of more than 50% of the outstanding
      capital stock, membership interests, partnership interests or other similar
      ownership interests of a Person which is engaged in a line of business similar
      to the business of the Company or such Subsidiary (or reasonable extensions
      thereof, including, without limitation natural or organic health or

     

    
      
        
        

      

      
        1

        
          

        

      

      
        
        

      

    

    beauty
      care businesses) or the purchase of all or substantially all of the assets
      owned
      by such Person or a line of business of such Person; provided
      that (a)
      with respect to such Person which is the subject of an acquisition, such
      acquisition has been (i) approved by the board of directors or other appropriate
      governing body of such Person or (ii) recommended for approval by such board
      of
      directors or governing body to the shareholders, members, partners, or other
      owners of such Person, as required under applicable law or by the certificate
      of
      incorporation and by-laws or other organizational documents of such Person
      and
      subsequently approved by the shareholders, members, partners, or other owners
      of
      such Person if such approval is required under applicable law or by the
      certificate of incorporation and by-laws or other organizational documents
      of
      such Person or (iii) otherwise agreed by all shareholders, members, partners
      or
      other owners of such Person; and (b) no acquisition shall be an Acceptable
      Acquisition if a Default or Event of Default shall have occurred and be
      continuing or would result after giving effect to such acquisition. With respect
      to any Acceptable Acquisition made by the Company that is structured as a
      merger, the Company shall be the surviving entity.

     

    “Acquisition
      Debt” means any Debt incurred in connection with an Acceptable
      Acquisition.

     

    “Additional
      Lender” shall mean any financial institution which becomes a Lender in
      accordance with Section 2.05(a) hereof.

     

    “Adjusted
      Libor Loans” shall mean Loans at such time as they are made and/or being
      maintained at a rate of interest based upon Reserve Adjusted Libor.

     

    “Administrative
      Agent” shall mean Bank of America, N.A. in its capacity as Administrative Agent
      for the Lenders under this Agreement or its successor Administrative Agent
      permitted pursuant to Section 9.08 hereof.

     

    “Affiliate”
      shall mean, with respect to a specified Person, another Person which, directly
      or indirectly, controls or is controlled by or is under common control with
      such
      specified Person. For the purpose of this definition, “control” of a Person
      shall mean the power, direct or indirect, to direct or cause the direction
      of
      the management or policies of such Person whether through the ownership of
      voting securities, by contract or otherwise; provided
      that, in
      any event, any Person who owns directly or indirectly 10% or more of the
      securities having ordinary voting power for the election of directors or other
      governing body of a corporation or 10% or more of the partnership or other
      ownership interests of any Person (other than as a limited partner of such
      other
      Person) will be deemed to control such corporation or other Person.

     

    “Agents”
      shall mean, collectively, the Administrative Agent, the Co-Syndication Agents
      and the Co-Documentation Agents, and each is individually an
“Agent.”

     

    “Aggregate
      Letters of Credit Outstandings” shall mean, on the date of determination, the
      sum of (a) the aggregate maximum stated amount at such time which is available
      or available in the future to be drawn under all outstanding Letters of Credit
      and (b) the aggregate amount of all payments on account of drawings under
      Letters of Credit made by the Issuing Lender on behalf of the Lenders under
      any
      Letter of Credit that has not been reimbursed by the Company.

     

    “Aggregate
      Outstandings” shall mean, on the date of determination, the sum of (a) the
      Aggregate Letters of Credit Outstandings at such time, (b) the aggregate
      outstanding principal 

     

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

    amount
      of
      all Revolving Credit Loans at such time and (c) the aggregate outstanding
      principal amount of all Swingline Loans at such time.

     

    “Agreement”
      shall mean this Amended and Restated Credit Agreement dated as of the date
      hereof, as it may hereafter be amended, restated, supplemented or otherwise
      modified from time to time.

     

    “Annual
      SEC Report” shall mean each Annual Report on Form 10-K filed by the Company with
      the SEC.

     

    “Approved
      Fund” shall mean any Fund 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.

     

    “Assignment
      and Acceptance Agreement” shall mean an Assignment and Acceptance Agreement
      entered into by a Lender and an assignee and accepted by the Administrative
      Agent and, so long as no Event of Default shall have occurred and be continuing,
      the Company (such acceptance by the Company not to be unreasonably withheld
      or
      delayed), substantially in the form attached hereto as Exhibit E or any other
      form approved by the Administrative Agent.

     

    “Auditor”
      shall have the meaning set forth in Section 6.03(a) hereof.

     

    “Bank
      of
      America” shall mean Bank of America, N.A., a national banking association
      organized under the laws of the United States.

     

    “Base
      Rate” shall mean, for any day, a fluctuating rate per annum equal to the higher
      of: (a) 0.50% per annum plus the Federal Funds Rate and (b) the Prime Rate,
      in
      each case as then in effect.

     

    “Base
      Rate Loans” shall mean Loans at such time as they are being made and/or
      maintained at a rate of interest based upon the Base Rate.

     

    “BBA
      LIBOR” means the British Bankers Association LIBOR Rate.

     

    “Borrowing
      Date” shall mean, with respect to any Loan, the date specified in any notice
      given pursuant to Section 2.01 hereof on which such Loan is requested by the
      Company.

     

    “Business
      Day” shall mean (a) any day not a Saturday, Sunday or other day on which
      commercial banks in New York, New York are authorized or required by law to
      close, and (b) as it relates to any payment, determination, funding or notice
      to
      be made or given in connection with any Adjusted Libor Loan, any day specified
      in clause (a) on which trading is carried on by and between banks in Dollar
      deposits in the London interbank eurodollar market.

     

    “Capital
      Lease” shall mean, with respect to any Person, as of the date of determination
      any lease the obligations of which are required to be capitalized on the balance
      sheet of such Person in accordance with Generally Accepted Accounting Principles
      applied on a consistent basis.

     

    
      
        
        

      

      
        3

        
          

        

      

      
        
        

      

    

    

     

    “Cash
      Collateral” shall mean a deposit by the Company made in immediately available
      funds to a cash collateral account at the Administrative Agent and the taking
      of
      all action required to provide the Administrative Agent, for the ratable benefit
      of the Lenders, a first priority perfected security interest in such
      deposit.

     

    “Celestial”
      shall mean Celestial Seasonings, Inc., a Delaware corporation.

     

    “Change
      of Control” shall mean any event which results in (i) any Person, or two or more
      Persons acting in concert, acquiring beneficial ownership (within the meaning
      of
      Rules 13d-3 and 13d-5 of the Securities and Exchange Commission under the
      Securities Exchange Act of 1934, as amended), directly or indirectly, of
      securities of the Company (or other securities convertible into such securities)
      representing 50% or more of the combined voting power of all securities of
      the
      Company entitled to vote in the election of directors; or (ii) the individuals
      who, as of the date hereof, constitute the Board of Directors of the Company,
      together with those who first become directors subsequent to such date,
provided
      the
      recommendation, election or nomination for election to the Board of Directors
      of
      such subsequent directors was approved by a vote of at least a majority of
      the
      directors then still in office who were either directors as of the date hereof
      or whose recommendation, election or nomination for election was previously
      so
      approved, ceasing for any reason to constitute a majority of the members of
      the
      Board of Directors of the Company.

     

    “Chief
      Financial Officer” shall mean the Chief Financial Officer of the Company or, in
      the event no such officership exists, the Vice President of Finance of the
      Company.

     

    “Closing
      Date” shall mean May 2, 2006.

     

    “Co-Documentation
      Agents” shall mean First Pioneer Farm Credit, ACA and HSBC Bank USA, N.A., in
      their respective capacities as Co-Documentation Agents for the Lenders under
      this Agreement or any successor Co-Documentation Agent permitted pursuant to
      Section 9.08 hereof.

     

    “Co-Syndication
      Agents” shall mean KeyBank National Association and Citibank, N.A., in their
      respective capacities as Co-Syndication Agents for the Lenders under this
      Agreement or any successor Co-Syndication Agent permitted pursuant to Section
      9.08 hereof.

     

    “Code”
      shall mean the Internal Revenue Code of 1986, and the regulations promulgated
      thereunder, each as amended from time to time.

     

    “Commercial
      Letter of Credit” shall mean any Sight Letter of Credit issued for the account
      of a Person.

     

    “Commitment
      Proportion” shall mean, with respect to each Lender at the time of
      determination, the ratio, expressed as a percentage, (a) which such Lender’s
      Revolving Credit Commitment bears to the Total Commitment or (b) if the
      Revolving Credit Commitments have expired or have been terminated, which such
      Lender’s Loans bear to the principal balance of the Loans then outstanding, at
      such time.

     

    
      
        
        

      

      
        4

        
          

        

      

      
        
        

      

    

    

     

    “Commitments”
      shall mean, collectively, the Revolving Credit Commitments and the Swingline
      Commitment.

     

    “Company”
      shall have the meaning set forth in the preamble hereto.

     

    “Consolidated
      Assets” shall mean, on the date of determination, total assets of the Company
      and its Subsidiaries on a consolidated basis, as determined in accordance with
      Generally Accepted Accounting Principles applied on a consistent
      basis.

     

    “Consolidated
      EBITDA” shall mean, for the Company and its Subsidiaries, for any period,
      Consolidated Net Income (Net Loss) for such period, plus, to the extent deducted
      in computing such Consolidated Net Income and without duplication,
      (a) depreciation, depletion, if any, and amortization expense for such
      period, (b) Consolidated Interest Expense for such period, (c) income
      tax expense for such period, (d) other non cash charges for such period,
      (e) reasonable and customary acquisition or merger charges, restructuring
      charges that are both non cash and non-recurring and impairment of assets
      write-offs that are both non cash and non-recurring, (f) reasonable and
      customary charges which arise from the existence and subsequent write-off of
      duplicative facilities related directly an acquisition consummated by the
      Company or any Subsidiaries, and (g) cumulative non cash change in
      accounting effects or non cash extraordinary items, and minus the sum of
      (y) all extraordinary or unusual gains, and (z) all interest income
      all as determined in accordance with Generally Accepted Accounting Principles.
      For purposes of calculating Consolidated EBITDA for any period of four
      consecutive quarters, if during such period the Company or any Subsidiary shall
      have acquired or disposed of any Person or acquired or disposed of all or
      substantially all of the operating assets of any Person, Consolidated EBITDA
      for
      such period shall be calculated on a pro forma basis. For purposes of this
      definition, “pro forma basis” shall mean, with respect to any determination for
      any period, that such determination shall be made giving pro forma effect to
      each acquisition or disposition consummated during such period (including any
      incurrence, assumption, refinancing or repayment of Indebtedness), as if such
      acquisition or disposition and related transactions had been consummated on
      the
      first day of such period, in each case based on historical results accounted
      for
      in accordance with Generally Accepted Accounting Principles.

     

    “Consolidated
      Interest Expense” shall mean, on the date of determination, the sum of all
      interest expense on Indebtedness of the Company and its Subsidiaries on a
      consolidated basis, determined in accordance with Generally Accepted Accounting
      Principles applied on a consistent basis. Consolidated Interest Expense shall
      be
      calculated with respect to the Company and its Subsidiaries on a consolidated
      basis and shall be calculated (without duplication) over the four fiscal
      quarters immediately preceding the date of calculation thereof.

     

    “Consolidated
      Maintenance Capital Expenditures” shall mean, on the date of determination, the
      sum of expenditures by the Company and its Subsidiaries, on a consolidated
      basis, by the expenditure of cash or the incurrence of Indebtedness, with
      respect to the replacement, repair, maintenance and upkeep of any fixed or
      capital assets (to the extent capitalized on the financial statements of the
      Company), in accordance with Generally Accepted Accounting Principles applied
      on
      a consistent basis. Consolidated Maintenance Capital Expenditures shall be
      calculated (without duplication) over the four fiscal quarters immediately
      preceding the date of calculation thereof.

     

    
      
        
        

      

      
        5

        
          

        

      

      
        
        

      

    

    

     

    “Consolidated
      Net Income (Net Loss)” shall mean, for any period, the net income (or net loss)
      of the Company and its Subsidiaries on a consolidated basis for such period
      determined in accordance with Generally Accepted Accounting Principles applied
      on a consistent basis; provided
      that
      there shall be excluded therefrom the income (or deficit) of any Person (other
      than a Subsidiary that would be included in the consolidated financial
      statements of the Company and its Subsidiaries in accordance with Generally
      Accepted Accounting Principles) in which the Company or any of its Subsidiaries
      has an ownership interest (e.g. a joint venture), except to the extent that
      any
      such income has been actually received by the Company or any of its Subsidiaries
      in the form of dividends or similar distributions.

     

    “Consolidated
      Net Worth” shall mean, on the date of determination, the consolidated
      stockholder’s equity of the Company and its Subsidiaries, as determined in
      accordance with Generally Accepted Accounting Principles applied on a consistent
      basis.

     

    “Consolidated
      Total Funded Debt” shall mean, on the date of determination, the sum of all
      Indebtedness of the Company and its Subsidiaries, on a consolidated basis,
      for
      borrowed money including the current portion thereof and including obligations
      with respect to Capital Leases, determined in accordance with Generally Accepted
      Accounting Principles applied on a consistent basis.

     

    “Current
      SEC Report” shall mean the most recently filed Annual SEC Report or Quarterly
      SEC Report.

     

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

     

    “Dollar”
      and the symbol “$” shall mean the lawful currency of the United States of
      America.

     

    “Domestic
      Subsidiary” shall mean any Subsidiary of the Company organized under the laws of
      any state of the United States of America.

     

    “Eligible
      Investments” shall mean (a) direct obligations of the United States or any
      governmental agency thereof which are fully guaranteed by the United States,
      provided
      that
      such obligations mature within one year from the date of acquisition thereof;
      or
      (b) Dollar denominated certificates of time deposit maturing within one year
      issued by any bank organized and existing under the laws of the United States
      or
      any state thereof and having aggregate capital and surplus in excess of
      $1,000,000,000; or (c) money market mutual funds having assets in excess of
      $2,500,000,000; or (d) commercial paper rated not less than P-l or A-1 or their
      equivalent by Moody’s Investors Service, Inc. or Standard & Poor’s Ratings
      Group, respectively; or (e) tax exempt securities of a U.S. issuer rated A
      or
      better by Standard and Poor’s Ratings Group or rated A-2 or better by Moody’s
      Investors Service, Inc.; or (f) common stock issued by any corporation organized
      under the federal laws of the United States or any state thereof (other than
      the
      Company) which stock is traded on any U.S. national securities exchange or
      quoted on NASDAQ, provided
      that,
      (i) at the time of purchase such common stock has a minimum share price of
      at
      least $2.00 per share, (ii) if any Loans are outstanding at the time of
      purchase, such corporation is engaged in a similar line of business as the
      Company and its Subsidiaries, and (iii) 

     

    
      
        
        

      

      
        6

        
          

        

      

      
        
        

      

    

    the
      aggregate of all such purchases, determined in each instance at the time of
      purchase, of the common stock held by the Company and its Subsidiaries shall
      not
      exceed $20,000,000.

     

    “Environmental
      Law” shall mean any applicable law, ordinance, rule or regulation of any
      Governmental Authority relating to pollution or protection of the environment
      including without limitation, those relating to the use, handling,
      transportation, treatment, storage, disposal, release or discharge of Hazardous
      Materials, including, without limitation, the Comprehensive Environmental
      Response, Compensation and Liability Act of 1980, as amended (42 U.S.C. Sections
      9601, et seq,), the Hazardous Materials Transportation Act, as amended (49
      U.S.C. Sections 1801, et seq.), the Resource Conservation and Recovery Act,
      as
      amended (42 U.S.C. Sections 6901, et seq.), and the rules and regulations
      promulgated pursuant thereto.

     

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

     

    “ERISA
      Affiliate” shall mean each person (as defined in Section 3(9) of ERISA) which
      together with the Company or any Affiliate of the Company would be deemed to
      be
      a member of the same “controlled group” within the meaning of Section 414(b),
      (c), (m) or (o) of the Code.

     

    “Eurocurrency
      Reserve Requirement” shall mean a fraction (expressed as a decimal), the
      numerator of which is the number one and the denominator of which is the number
      one minus the aggregate (without duplication) of the rates (expressed as a
      decimal) of reserve requirements in effect on such day (including, without
      limitation, basic, supplemental, marginal and emergency reserves, under any
      regulations of the Board of Governors of the Federal Reserve System or any
      other
      governmental authority having jurisdiction with respect thereto) as from time
      to
      time in effect, dealing with reserve requirements prescribed for eurocurrency
      funding (currently referred to as “eurocurrency liabilities” in Regulation D)
      maintained by any Lender.

     

    “Event
      of
      Default” shall have the meaning set forth in Article VIII.

     

    “Excluded
      Subsidiary” shall mean any Subsidiary of the Company which as of the last day of
      the then most recent fiscal quarter ended has total assets of less than $10,000
      and total revenues for the then immediately preceding four fiscal quarters
      of
      less than $10,000.

     

    “Federal
      Funds Rate” shall mean, for any day, the weighted average of the rates on
      overnight Federal funds transactions with members of the Federal Reserve System
      arranged by Federal fund brokers on such day, as published on the next
      succeeding Business Day by the Federal Reserve Bank of New York; provided
      that (a)
      if such day is not a Business Day, the Federal Funds Rate for such day shall
      be
      such rate on such transactions on the next preceding Business Day as so
      published on the next succeeding Business Day, and (b) if no such rate is so
      published on such next succeeding Business Day, the Federal Funds Rate for
      such
      day shall be the average rate (rounded upward, if necessary, to a whole multiple
      of 1/100 of 1%) charged to Bank of America on such day on such transactions
      as
      determined by the Administrative Agent.

     

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

     

    
      
        
        

      

      
        7

        
          

        

      

      
        
        

      

    

    

     

    “Generally
      Accepted Accounting Principles” shall mean those generally accepted accounting
      principles in the United States, as in effect from time to time.

     

    “Governmental
      Authority” shall mean any nation or government, any state, province, city or
      municipal entity or other political subdivision thereof, and any governmental,
      executive, legislative, judicial, administrative or regulatory agency,
      department, authority, instrumentality, commission, board or similar body,
      whether federal, state, provincial, territorial, local or foreign.

     

    “Guarantors”
      shall mean, collectively, Celestial, Acirca, Inc. a Delaware corporation,
      Arrowhead Mills, Inc., a Delaware corporation, Hain-Yves, Inc., a Delaware
      corporation, Westbrae Natural, Inc., a Delaware corporation, Hain Pure Food
      Co.,
      Inc., a California corporation, Natural Nutrition Group, Inc., a Delaware
      corporation, Little Bear Organic Foods, Inc., a California corporation, Health
      Valley Company, a Delaware corporation, AMI Operating, Inc., a Texas
      corporation, Dana Alexander, Inc., a New York corporation, Westbrae Natural
      Foods, Inc., a California corporation, Deboles Nutritional Foods, Inc., a New
      York corporation, Jason Natural Products, Inc., a California corporation, Zia
      Cosmetics, Inc., a California corporation, Spectrum Organic Products, LLC,
      a
      California limited liability company, Queen Acquisition Corp., a Delaware
      corporation, and each other Domestic Subsidiary which, from time to time
      hereafter, is required to execute a Guaranty or a Reaffirmation of Guaranty
      in
      accordance with Section 6.12 hereof; provided
      that
      such Domestic Subsidiary’s status as a Guarantor shall be effective as of the
      date of such execution.

     

    “Guaranty”
      shall mean the Guaranty in the form attached hereto as Exhibit C to be executed
      and delivered by any Domestic Subsidiaries required to deliver a Guaranty
      pursuant to Section 6.12 hereof, as the same may hereafter be amended, restated,
      supplemented or otherwise modified from time to time.

     

    “Hazardous
      Materials” shall mean any explosives, radioactive materials, or other materials,
      wastes, substances, or chemicals regulated as toxic or hazardous or as a
      pollutant, contaminant or waste under any applicable Environmental
      Law.

     

    “Hedging
      Agreement” shall mean any interest rate swap, collar, cap, floor or forward rate
      agreement or other agreement entered into by the Company and any Lender, in
      accordance with this Agreement, in connection with the hedging of interest
      rate
      risk exposure of the Company and any confirming letter executed pursuant to
      such
      agreement, all as amended, supplemented, restated or otherwise modified from
      time to time.

     

    “Increased
      Commitment Date” shall have the meaning set forth in Section 2.05
      hereof.

     

    “Increasing
      Lender” shall mean any Lender which increases its Revolving Credit Commitment in
      accordance with Section 2.05(a) hereof.

     

    “Indebtedness”
      shall mean, without duplication, as to any Person or Persons, (a) indebtedness
      for borrowed money; (b) indebtedness for the deferred purchase price of property
      or services; (c) indebtedness evidenced by bonds, debentures, notes or other
      similar instruments; (d) obligations and liabilities secured by a Lien upon
      property owned by such Person, whether or not owing by such Person and even
      though such Person has not assumed or become liable for the payment thereof;
      (e)
      obligations or liabilities created or arising under any conditional sales

     

    
      
        
        

      

      
        8

        
          

        

      

      
        
        

      

    

    contract
      or other title retention agreement with respect to property used and/or acquired
      by such Person; (f) the capitalized portion of obligations of such Person as
      lessee under Capital Leases; (g) net liabilities of such Person under Hedging
      Agreements and foreign currency exchange agreements, as calculated in accordance
      with accepted practice; (h) all obligations, contingent or otherwise, of such
      Person as an account party or applicant in respect of letters of credit created
      for the account or upon the application of such Person; (i) all obligations
      of
      such Person, contingent or otherwise, to purchase, redeem, retire or otherwise
      acquire for value any equity interest in any Person; (j) obligations and
      liabilities of the types described in clause (a) through (i) above, directly
      or
      indirectly, guaranteed by such Person; and (k) all liabilities which would
      be
      reflected on a balance sheet of such Person, prepared in accordance with
      Generally Accepted Accounting Principles.

     

    “Intellectual
      Property” shall mean all of the trademarks (whether or not registered) and
      trademark registrations and applications, patent and patent applications,
      copyrights and copyright applications, service marks, service mark registrations
      and applications, trade dress, and trade and product names owned or licensed
      by
      the Company and its Subsidiaries.

     

    “Interest
      Expense” shall mean, on the date of determination, the sum of all interest
      expense on Indebtedness of any Person, determined in accordance with Generally
      Accepted Accounting Principles applied on a consistent basis. Interest Expense
      shall be calculated with respect to such Person (without duplication) over
      the
      four fiscal quarters immediately preceding the date of calculation
      thereof.

     

    “Interest
      Payment Date” shall mean (a) as to any Base Rate Loan, the last day of each
      calendar month during the term hereof; (b) as to any Adjusted Libor Loan, the
      last day of the Interest Period applicable thereto, provided,
      however,
      that if
      any Interest Period for an Adjusted Libor Loan exceeds three months, the date
      that falls three months after the beginning of such Interest Period shall also
      be an Interest Payment Date; and (c) as to any Loan, on the date such Loan
      is
      paid in full or in part.

     

    “Interest
      Period” shall mean with respect to any Adjusted Libor Loan:

     

    (a)  initially,
      the period commencing on the date such Adjusted Libor Loan is made and ending
      one, two, three or six months thereafter, as selected by the Company in its
      notice of borrowing or in its notice of conversion from a Base Rate Loan, in
      each case, in accordance with the terms of Articles II and III hereof;
      and

     

    (b)  thereafter,
      each period commencing on the last day of the next preceding Interest Period
      applicable to such Adjusted Libor Loan and ending one, two, three or six months
      thereafter, as selected by the Company by irrevocable written notice to the
      Administrative Agent not later than 11:00 a.m. New York, New York time three
      (3)
      Business Days prior to the last day of the then current Interest Period with
      respect to such Adjusted Libor Loan and the Administrative Agent shall promptly
      notify each of the Lenders of such notice; provided,
      however,
      that
      all of the foregoing provisions relating to Interest Periods are subject to
      the
      following:

     

    
      
        
        

      

      
        9

        
          

        

      

      
        
        

      

    

    

     

    
      	(i)  	
              if
                any Interest Period would otherwise end on a day which 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)  	
              if
                the Company shall fail to give notice as provided in clause (b) above,
                the
                Company shall be deemed to have requested conversion of the affected
                Adjusted Libor Loan to a Base Rate Loan on the last day of the then
                current Interest Period with respect thereto;

            

    

     

    
      	(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;

            

    

     

    
      	(iv)  	
              no
                more than six (6) Interest Periods may exist at any one time;
                and

            

    

     

    
      	(v)  	
              the
                Company shall select Interest Periods so as not to require a payment
                or
                prepayment of any Adjusted Libor Loan during an Interest Period for
                such
                Adjusted Libor Loan.

            

    

     

    
      
        
        

      

      
        10

        
          

        

      

      
        
        

      

    

    

     

    “Interest
      Rate Margin” shall mean (a) with respect to each Adjusted Libor Loan, the
      percentage set forth below under the heading “LIBOR Margin” opposite the
      applicable ratio and (b) with respect to each Base Rate Loan, the percentage
      set
      forth below under the heading “Base Rate Margin” opposite the applicable
      ratio.

     

    
      	
              Consolidated
                Total Funded Debt to Consolidated EBITDA

            	
              LIBOR
                Margin

              (360
                Day Basis)

            	
              Base
                Rate Margin

            
	 	 	 
	
              Greater
                than or equal to 3.00:1.00

               

            	
              1.25%

               

            	
              0.0%

               

            
	
              Greater
                than or equal to 2.50:1.00 and less than 3.00:1.00

               

            	
              1.00%

               

            	
              0.0%

               

            
	
              Greater
                than or equal to 2.00:1.00 and less than 2.50:1.00

               

            	
              0.875%

               

            	
              0.0%

               

            
	
              Greater
                than or equal to 1.50:1.00 and less than 2.00:1.00

               

            	
              0.75%

               

            	
              0.0%

               

            
	
              Greater
                than or equal to 1.00:1.00 and less than 1.50:1.00

               

            	
              0.625%

               

            	
              0.0%

               

            
	
              Less
                than 1.00:1.00

               

            	
              0.50%

               

            	
              0.0%

               

            

    

    

     

    Notwithstanding
      the foregoing, during the period commencing on the Closing Date and ending
      on
      the tenth (10th)
      Business Day following the date of delivery of the financial statements to
      the
      Administrative Agent for the fiscal quarter ended March 31, 2006 (a) the
      Interest Rate Margin with respect to each Adjusted Libor Loan shall be 0.75%
      per
      annum, and (b) the Interest Rate Margin with respect to each Base Rate Loan
      shall be 0.0% per annum. The Interest Rate Margin will be set or reset quarterly
      with respect to each Loan on the date which is ten (10) Business Days following
      the date of receipt by the Administrative Agent of the financial statements
      referred to in Section 6.03(a) or Section 6.03(b) hereof, as applicable,
      together with a certificate of the Chief Financial Officer of the Company
      certifying the ratio of Consolidated Total Funded Debt to Consolidated EBITDA
      and setting forth the calculation thereof in detail; provided,
      however,
      if any
      such financial statement and certificate are not received by the Administrative
      Agent within the time period required pursuant to Section 6.03(a) or Section
      6.03(b) hereof, as the case may be, the Interest Rate Margin will be set or
      reset, unless the rate of interest specified in Section 3.0l(c) hereof is in
      effect solely due to the failure of the Company to comply with Section 6.03(a)
      or 6.03(b) hereof, to a rate determined based on a ratio of Consolidated Total
      Funded Debt to Consolidated EBITDA of greater than or equal to 3.00:1.00 from
      the date such financial statement and certificate were due until the date which
      is ten (10) Business Days 

     

    
      
        
        

      

      
        11

        
          

        

      

      
        
        

      

    

    following
      the receipt by the Administrative Agent of such financial statement and
      certificate, and provided,
      further, that the Lenders shall not in any way be deemed to have waived any
      Default or Event of Default, including, without limitation, an Event of Default
      resulting from the failure of the Company to comply with Section 7.13 of this
      Agreement, or any rights or remedies hereunder or under any other Loan Document
      in connection with the foregoing proviso. During the occurrence and continuance
      of an Event of Default, no downward adjustment, and only upward adjustments,
      shall be made to the Interest Rate Margin.

     

    “Investor’s
      Agreement” shall have the meaning ascribed thereto in the Securities Purchase
      Agreement.

     

    “IP
      Subsidiary” shall mean any direct or indirect wholly-owned Non-Domestic
      Subsidiary formed in accordance with Section 6.12 hereof for the purpose of
      owning certain Intellectual Property.

     

    “Issuing
      Lender” shall mean the Administrative Agent, in its capacity as the issuer of
      Letters of Credit hereunder or its successor Issuing Lender permitted pursuant
      to Section 2.03(e) hereof.

     

    “Lead
      Arranger” shall mean Banc of America Securities LLC.

     

    “Lenders”
      shall have the meaning set forth in the preamble hereto and shall include the
      Swingline Lender and the Issuing Lender.

     

    “Lending
      Office” shall mean, for each Lender, the office specified under such Lender’s
      name on the signature pages hereof with respect to each Type of Loan, or such
      other office as such Lender may designate in writing from time to time to the
      Company and the Administrative Agent with respect to such Type of
      Loan.

     

    “Letter
      of Credit” shall mean any letter of credit issued by the Issuing Lender for the
      account of the Company pursuant to the terms of this Agreement.

     

    “Lien”
      shall mean any mortgage, pledge, security interest, hypothecation, assignment,
      deposit arrangement, encumbrance, or preference, priority or other security
      agreement or preferential arrangement of any kind or nature whatsoever
      (including, without limitation, any conditional sale or other title retention
      agreement, any Capital Lease and any financing lease having substantially the
      same economic effect as any of the foregoing).

     

    “Loans”
      shall mean, collectively, the Revolving Credit Loans and the Swingline
      Loans.

     

    “Loan
      Documents” shall mean, collectively, this Agreement, the Notes, the Guaranties,
      the Reaffirmation of Guaranty, any Hedging Agreement (but only to the extent
      that such Hedging Agreement relates to the Company’s hedging of interest rate
      exposure under this Agreement) and each other agreement executed in connection
      with the transactions contemplated hereby or thereby, as each of the same may
      hereafter be amended, restated, supplemented or otherwise modified from time
      to
      time.

     

    “Managing
      Agent” shall mean North Fork Bank.

     

    
      
        
        

      

      
        12

        
          

        

      

      
        
        

      

    

    

     

    “Material
      Adverse Effect” shall mean a material adverse effect upon (a) the business,
      operations, property or condition (financial or otherwise) of the Company and
      its Subsidiaries taken as a whole, or (b) the ability of the Company or any
      Guarantor to perform any of its obligations under any Loan Document to which
      it
      is a party.

     

    “Net
      Direct Contributions” shall mean, with respect to each reporting unit, gross
      revenues less direct cost of sales and direct advertising and promotional
      costs.

     

    “Net
      Income (Net Loss)” shall mean, for any period, the net income (or net loss) of
      any Person for such period determined in accordance with Generally Accepted
      Accounting Principles applied on a consistent basis; provided
      that
      there shall be excluded therefrom the income (or deficit) of any other Person
      (other than a Subsidiary) in which such Person or any Subsidiary of such Person
      has an ownership interest, except to the extent that any such income has been
      actually received by such Person or such Subsidiary in the form of dividends
      or
      similar distributions.

     

    “Non-Domestic
      Subsidiary” shall mean any Subsidiary of the Company not organized under the
      laws of any state of the United States of America.

     

    “Non-Excluded
      Taxes” shall have the meaning set forth in Section 3.10 hereof.

     

    “Notes”
      shall mean, collectively, the Revolving Credit Notes and the Swingline
      Note.

     

    “Obligations”
      shall mean all obligations, liabilities and indebtedness of the Company and
      any
      of its Subsidiaries to the Lenders, the Issuing Lender and the Administrative
      Agent, whether now existing or hereafter created, absolute or contingent, direct
      or indirect, due or not, whether created directly or acquired by assignment
      or
      otherwise, arising under this Agreement, the Notes or any other Loan Document
      including, without limitation, all obligations, liabilities and indebtedness
      of
      the Company with respect to the principal of and interest on the Loans
      (including any interest that accrues after the filing of any petition in
      bankruptcy or the commencement of any insolvency, reorganization or like
      proceeding relating to the Company, whether or not a claim for post-filing
      or
      post-petition interest is allowed in such proceeding), reimbursement of Letters
      of Credit, obligations under any Hedging Agreement, and all fees, costs,
      expenses and indemnity obligations of the Company and any of its Subsidiaries
      hereunder or under any other Loan Document (including all fees and expenses
      of
      the Administrative Agent and any Lender incurred pursuant to this Agreement
      or
      any other Loan Document).

     

    “Participant”
      shall have the meaning set forth in Section 10.05(b) hereof.

     

    “Payment
      Office” shall mean the Administrative Agent’s office located at 300 Broad Hollow
      Road, Melville, New York 11747, or such other office as the Administrative
      Agent
      may designate from time to time in writing.

     

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

     

    “Permitted
      Liens” shall mean the Liens specified in clauses (a) through (k) of Section 7.02
      hereof.

     

    
      
        
        

      

      
        13

        
          

        

      

      
        
        

      

    

    

     

    “Person”
      shall mean any natural person, corporation, limited liability company, limited
      liability partnership, business trust, joint venture, association, company,
      partnership, unincorporated trade or business enterprise or Governmental
      Authority.

     

    “Plan”
      shall mean any multi-employer or single-employer plan defined in Section 4001
      of
      ERISA, which covers, or at any time during the five calendar years preceding
      the
      date of this Agreement covered, employees of the Company, any Guarantor or
      an
      ERISA Affiliate on account of such employees’ employment by the Company, any
      Guarantor or an ERISA Affiliate.

     

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

     

    “Private
      Placement Notes” shall mean the senior notes due 2016 of the Company issued
      pursuant to a Note Purchase Agreement dated as of May 2, 2006, by and among
      the
      Company and the purchasers party thereto, as amended supplemented or otherwise
      modified, as such notes may be refinanced, renewed or extended, provided
      that the
      principal amount of such notes and the interest rate thereon shall not be
      increased.

     

    “Purchasing
      Lender” shall have the meaning set forth in Section 10.05(c)
      hereof.

     

    “Quarterly
      SEC Report” shall mean each quarterly report on Form 10-Q filed by the Company
      with the SEC.

     

    “Reaffirmation
      of Guaranty” shall mean, the Reaffirmation of Guaranty, dated as of the Closing
      Date, executed by each person that executed a Guaranty or Reaffirmation of
      Guaranty in connection with the 2004 Credit Agreement.

     

    “Regulation
      D” shall mean Regulation D of the Board of Governors of the Federal Reserve
      System as the same may be amended or supplemented from time to
      time.

     

    “Reportable
      Event” shall mean an event described in Section 4043(c) of ERISA with respect to
      a Plan as to which the 30 day notice requirement has not been waived by the
      PBGC.

     

    “Required
      Lenders” shall mean Lenders owed at least fifty-one percent (51%) of the sum of
      the aggregate unpaid principal amount of the Revolving Credit Loans or, if
      no
      Revolving Credit Loans are outstanding, Lenders having, in the aggregate, at
      least fifty-one percent (51%) of the Total Commitments.

     

    “Reserve
      Adjusted Libor” shall mean, with respect to the Interest Period pertaining to an
      Adjusted Libor Loan, a rate per annum equal to the product of (a) the annual
      rate of interest at which Dollar deposits of an amount equal to the amount
      of
      the portion of the Adjusted Libor Loan allocable to the entity which is the
      Administrative Agent and for a period of time equal to the Interest Period
      applicable thereto, as published by Reuters (or other commercially available
      

     

    
      
        
        

      

      
        14

        
          

        

      

      
        
        

      

    

    source
      providing quotations of BBA LIBOR as selected by the Administratvie Agent from
      time to time) at approximately 11:00 a.m. London time two (2) London Banking
      Days prior to the commencement of such Interest Period, for Dollar deposits
      (for
      delivery on the first day of such Interest Period), as adjusted from time to
      time in the Administrative Agent’s sole discretion for reserve requirements,
      deposit insurance assessment rates and other regulatory costs, multiplied by
      (b)
      the Eurocurrency Reserve Requirement. If such rate is not available at such
      time
      for any reason, then the rate for that interest period will be determined by
      such alternate method as reasonably selected by the Administrative Agent. A
      "London Banking Day" is a day on which banks in London are open for business
      and
      dealing in offshore dollars.

     

    “Revolving
      Credit Commitment” shall mean, with respect to each Lender, the obligation of
      such Lender to make Revolving Credit Loans to the Company and to acquire
      participations in Letters of Credit in an aggregate amount not to exceed the
      amount set forth opposite such Lender’s name on the signature pages hereof under
      the caption Revolving Credit Commitment, as such amounts may be adjusted in
      accordance with the terms of this Agreement.

     

    “Revolving
      Credit Commitment Period” shall mean the period from and including the Closing
      Date to, but not including, the Revolving Credit Commitment Termination Date
      or
      such earlier date as the Revolving Credit Commitments shall terminate as
      provided herein.

     

    “Revolving
      Credit Commitment Termination Date” shall mean May 2, 2011.

     

    “Revolving
      Credit Loans” shall have the meaning set forth in Section 2.01(a)
      hereof.

     

    “Revolving
      Credit Notes” shall have the meaning set forth in Section 2.02
      hereof.

     

    “SEC”
      shall mean the U.S. Securities and Exchange Commission.

     

    “Securities
      Purchase Agreement” shall mean the Securities Purchase Agreement, dated August
      3, 2005, among the Company, YHS and YHSM.

     

    “Sight
      Letter of Credit” shall mean a Letter of Credit wherein a draft is drawn at
      sight (i.e. drawn payable upon presentment).

     

    “Solvent”
      shall mean with respect to any Person as of the date of determination thereof
      that (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 on its debts as such debts become absolute and matured,
      (c) such Person will not have, as of such date, an unreasonably small amount
      of
      capital with which to conduct its business, and (d) such Person will be able
      to
      pay its debts as they mature in each case after giving effect to any right
      of
      indemnification and contribution of such Person from or to any
      Affiliate.

     

    “Standby
      LC Disbursement” shall mean a payment made by the Issuing Lender pursuant to a
      Standby Letter of Credit.

     

    
      
        
        

      

      
        15

        
          

        

      

      
        
        

      

    

    

     

    “Standby
      LC Exposure” shall mean, at any time, the sum of (a) the aggregate undrawn
      amount of all outstanding Standby Letters of Credit at such time, plus (b)
      the
      aggregate amount of all Standby LC Disbursements that have not yet been
      reimbursed by or on behalf of the Company at such time.

     

    “Standby
      LC Fee” shall mean the percentage set forth below opposite the applicable
      ratio:

     

    
      	
              Consolidated
                Total Funded Debt to Consolidated EBITDA

            	
              Standby
                LC Fee

              (360
                Day Basis)

            
	 	 
	
              Greater
                than or equal to 3.00:1.00

               

            	
              1.25%

               

            
	
              Greater
                than or equal to 2.50:1.00 and less than 3.00:1.00

               

            	
              1.00%

               

            
	
              Greater
                than or equal to 2.00:1.00 and less than 2.50:1.00

               

            	
              0.875%

               

            
	
              Greater
                than or equal to 1.50:1.00 and less than 2.00:1.00

               

            	
              0.75%

               

            
	
              Greater
                than or equal to 1.00:1.00 and less than 1.50:1.00

               

            	
              0.625%

               

            
	
              Less
                than 1.00:1.00

               

            	
              0.50%

               

            

    

    

     

    Notwithstanding
      the foregoing, during the period commencing on the Closing Date and ending
      on
      the tenth (10th)
      Business Day following the date of delivery of the financial statements to
      the
      Administrative Agent for the fiscal quarter ended March 31, 2006, the Standby
      LC
      Fee shall be 0.75% per annum. The Standby LC Fee will be set or reset quarterly
      on the date which is ten (10) Business Days following the date of receipt by
      the
      Administrative Agent of the financial statements referred to in Section 6.03(a)
      or Section 6.03(b) hereof, as applicable, together with a certificate of the
      Chief Financial Officer of the Company certifying the ratio of Consolidated
      Total Funded Debt to Consolidated EBITDA and setting forth the calculation
      thereof in detail; provided,
      however,
      if any
      such financial statement and certificate are not received by the Administrative
      Agent within the time period required pursuant to Section 6.03(a) or Section
      6.03(b) hereof, as the case may be, the Standby LC Fee will be set or reset,
      unless the rate of interest specified in Section 3.01(c) hereof is in effect
      solely due to the failure of the Company to comply with Section 6.03(a) or
      6.03(b) hereof, based on a ratio of Consolidated Total Funded Debt to
      Consolidated EBITDA of greater than or equal to 3.00:1.00 from the date such
      financial 

     

    
      
        
        

      

      
        16

        
          

        

      

      
        
        

      

    

    statement
      and certificate were due until the date which is ten (10) Business Days
      following the receipt by the Administrative Agent of such financial statement
      and certificate, and provided,
      further, that the Lenders shall not in any way be deemed to have waived any
      Default or Event of Default, including, without limitation, an Event of Default
      resulting from the failure of the Company to comply with Section 7.13 of this
      Agreement, or any rights or remedies hereunder or under any other Loan Document
      in connection with the foregoing proviso. During the occurrence and continuance
      of an Event of Default, no downward adjustment, and only upward adjustments,
      shall be made to the Standby LC Fee.

     

    “Standby
      Letter of Credit” shall mean any letter of credit issued to support an
      obligation of a Person and which may be drawn on only upon the failure of such
      Person to perform such obligation or other contingency.

     

    “Subordinated
      Debt” or “Subordinated Indebtedness” shall mean all debt which is subordinated
      in right of payment to the prior final payment in full of the obligations of
      the
      Company and/or of its Subsidiaries to the Lenders hereunder and under any other
      Loan Document, provided
      that the
      terms of such subordination are satisfactory to and approved in writing by
      the
      Required Lenders.

     

    “Subsidiaries”
      shall mean with respect to any Person, any corporation, association or other
      business entity more than 50% of the voting stock or other ownership interests
      (including, without limitation, membership interests in a limited liability
      company) of which is, at the time, owned or controlled, directly or indirectly,
      by such Person or one or more of its Subsidiaries or a combination
      thereof.

     

    “Swingline
      Commitment” shall mean the obligation of the Swingline Lender to make Swingline
      Loans to the Company in an amount not to exceed $10,000,000 at any time
      outstanding.

     

    “Swingline
      Lender” shall mean the Administrative Agent, in its capacity as lender of
      Swingline Loans.

     

    “Swingline
      Loan” shall have the meaning set forth in Section 2.04 hereof. 

     

    “Swingline
      Note” shall have the meaning set forth in Section 2.04(e) hereof.

     

    “Total
      Commitment” shall mean, at any time, the aggregate of the Revolving Credit
      Commitments in effect at such time which, initially, shall be $250,000,000,
      subject to increase pursuant to Section 2.05 hereof.

     

    “Transition
      Period” means the period commencing on the date the Company or any Subsidiary of
      the Company consummates an Acceptable Acquisition, provided
      that at
      such time and after giving effect thereto the Company and its Subsidiaries
      are
      in compliance with Section 7.07, and ending on the last day of the fourth full
      fiscal quarter following the date of the consummation of such Acceptable
      Acquisition.

     

    “Type”
      shall mean as to any Loan its status as a Base Rate Loan or an Adjusted Libor
      Loan.

     

    
      
        
        

      

      
        17

        
          

        

      

      
        
        

      

    

    

     

    “UCP”
      shall mean the International Chamber of Commerce Uniform Customs and Practice
      for Documentary Credits, 1993 Revision, ICC Publication No. 500 or any successor
      publication thereof.

     

    “Unfunded
      Current Liability” of any Plan shall mean the amount, if any, by which the
      present value of the accrued benefits under such Plan as of the close of its
      most recent plan year exceeds the fair market value of the assets allocable
      thereto, determined in accordance with Section 412 of the Code.

     

    “United
      States” or “U.S.” shall mean The United States of America.

     

    “Unused
      Fee Rate” shall mean the percentage set forth below opposite the applicable
      ratio:

     

    
      	
              Consolidated
                Total Funded Debt to Consolidated EBITDA

            	
              Unused
                Fee Rate

              (360
                Day Basis)

            
	 	 
	
              Greater
                than or equal to 3.00:1.00

               

            	
              0.250%

               

            
	
              Greater
                than or equal to 2.50:1.00 and less than 3.00:1.00

               

            	
              0.200%

               

            
	
              Greater
                than or equal to 2.00:1.00 and less than 2.50:1.00

               

            	
              0.175%

               

            
	
              Greater
                than or equal to 1.50:1.00 and less than 2.00:1.00

               

            	
              0.150%

               

            
	
              Greater
                than or equal to 1:00:1.00 and less than 1.50:1.00

               

            	
              0.125%

               

            
	
              Less
                than 1.00:1.00

               

            	
              0.100%

               

            

    

    

     

    Notwithstanding
      the foregoing, during the period commencing on the Closing Date and ending
      on
      the tenth (10th)
      Business Day following the date of delivery of the financial statements to
      the
      Administrative Agent for the fiscal quarter ended March 31, 2006, the Unused
      Fee
      Rate shall be 0.15% per annum. The Unused Fee Rate will be set or reset
      quarterly on the date which is ten (10) Business Days following the date of
      receipt by the Administrative Agent of the financial statements referred to
      in
      Section 6.03(a) or Section 6.03(b) hereof, as applicable, together with a
      certificate of the Chief Financial Officer of the Company certifying the ratio
      of Consolidated Total Funded Debt to Consolidated EBITDA and setting forth
      the
      calculation thereof in detail; 

     

    
      
        
        

      

      
        18

        
          

        

      

      
        
        

      

    

    provided,
      however,
      if any
      such financial statement and certificate are not received by the Administrative
      Agent within the time period required pursuant to Section 6.03(a) or Section
      6.03(b) hereof, as the case may be, the Unused Fee Rate will be set or reset
      to
      a rate, unless the rate of interest specified in Section 3.01(c) hereof is
      in
      effect solely due to the failure of the Company to comply with Section 6.03(a)
      or 6.03(b) hereof, determined based on a ratio of Consolidated Total Funded
      Debt
      to Consolidated EBITDA of greater than or equal to 3.00:1.00 from the date
      such
      financial statement and certificate were due until the date which is ten (10)
      Business Days following the receipt by the Administrative Agent of such
      financial statement and certificate, and provided,
      further, that the Lenders shall not in any way be deemed to have waived any
      Default or Event of Default, including, without limitation, an Event of Default
      resulting from the failure of the Company to comply with Section 7.13 of this
      Agreement, or any rights or remedies hereunder or under any other Loan Document
      in connection with the foregoing proviso. During the occurrence and continuance
      of an Event of Default, no downward adjustment, and only upward adjustments,
      shall be made to the Unused Fee Rate.

     

    “YHS”
      shall mean Yeo Hiap Seng Limited, a corporation organized under the laws of
      Singapore.

     

    “YHSM”
      shall mean Yeo Hiap Seng (Malaysia) Berhad, a corporation organized under the
      laws of Malaysia.

     

    Section
      1.02  Terms
      Generally.

     

    The
      definitions of terms herein shall apply equally to the singular and plural
      forms
      of the terms defined. Whenever the context may require, pronouns stated in
      the
      masculine, feminine or neuter gender shall include the masculine, feminine
      and
      the neuter. Except as otherwise herein specifically provided, each accounting
      term used herein shall have the meaning given to it under Generally Accepted
      Accounting Principles. The term “including” shall not be limited or exclusive,
      unless specifically indicated to the contrary. The word “will” shall be
      construed to have the same meaning in effect as the word “shall”. The words
“herein”, “hereof and “hereunder” and other words of similar import refer to
      this Agreement as a whole, including the exhibits and schedules hereto and
      any
      amendments thereof, all of which are by this reference incorporated into this
      Agreement.

     

    ARTICLE
      II.

    LOANS

     

    Section
      2.01  Revolving
      Credit Facility.

     

    (a)  Subject
      to the terms and conditions, and relying upon the representations and
      warranties, set forth herein, each Lender severally agrees to make loans
      (individually a “Revolving Credit Loan” and, collectively, the “Revolving Credit
      Loans”) to the Company from time to time during the Revolving Credit Commitment
      Period up to, but not exceeding, at any one time outstanding the amount of
      its
      Revolving Credit Commitment; provided,
      however,
      that no
      Revolving Credit Loan shall be made if, after giving effect to such Revolving
      Credit Loan, the aggregate outstanding principal amount of all Revolving Credit
      Loans at such time would exceed the Total Commitment in effect at such time
      or
      if the Aggregate Outstandings would 

     

    (b)  exceed
      the Total Commitment. During the Revolving Credit Commitment Period, the Company
      may from time to time borrow, repay and reborrow Revolving Credit Loans on
      or
      after the date hereof and prior to the Revolving Credit Commitment Termination
      Date, subject to the terms, provisions and limitations set forth herein. The
      Revolving Credit Loans may be (i) Adjusted Libor Loans, (ii) Base Rate Loans
      or
      (iii) a combination thereof.

     

    (c)  The
      Company shall give the Administrative Agent irrevocable written notice (or
      telephonic notice promptly confirmed in writing) not later than 11:00 a.m.
      New
      York, New York time, three (3) Business Days prior to the date of each proposed
      Adjusted Libor Loan under this Section 2.01 or prior to 11:00 a.m. New York,
      New
      York time on the date of each proposed Base Rate Loan under this Section 2.01.
      Such notice shall be irrevocable and shall specify (i) the amount and Type
      of
      the proposed borrowing, (ii) the initial Interest Period if an Adjusted Libor
      Loan, and (iii) the proposed Borrowing Date. Upon receipt of such notice from
      the Company, the Administrative Agent shall promptly notify each Lender thereof.
      Except for borrowings which utilize the full remaining amount of the Total
      Commitment, each borrowing of a Base Rate Loan (other than a Swingline Loan)
      shall be in an amount not less than $1,000,000 or, if greater, whole multiples
      of $100,000 in excess thereof. Each borrowing of an Adjusted Libor Loan shall
      be
      in an amount not less than $1,000,000 or whole multiples of $500,000 in excess
      thereof. Funding of all Revolving Credit Loans shall be made in accordance
      with
      Section 3.12 of this Agreement.

     

    (d)  The
      Company shall have the right, upon not less than five (5) Business Days’ prior
      written notice to the Administrative Agent, to terminate the Total Commitment
      or
      from time to time to permanently reduce the amount of the Total Commitment;
      provided,
      however,
      that no
      such termination or reduction shall be permitted if, after giving effect thereto
      and to any payments of the Revolving Credit Loans and the Swingline Loans made
      on the effective date thereof, the Aggregate Outstandings would exceed the
      Total
      Commitment as then reduced; provided,
      further, that any such termination or reduction requiring prepayment of any
      Adjusted Libor Loan shall be made only on the last day of the Interest Period
      with respect thereto or on the date of payment in full of all amounts owing
      pursuant to Section 3.08 hereof as a result of such termination or reduction.
      The Administrative Agent shall promptly notify each Lender of each notice from
      the Company to terminate or permanently reduce the amount of the Total
      Commitment pursuant to this Section 2.01(c). Any such reduction shall be in
      the
      amount of at least $5,000,000 or whole multiples of $1,000,000 in excess
      thereof, and shall reduce permanently the amount of the Total Commitment then
      in
      effect.

     

    (e)  The
      several agreements of the Lenders to make Revolving Credit Loans pursuant to
      this Section 2.01 shall automatically terminate on the Revolving Credit
      Commitment Termination Date. Upon such termination, the Company shall
      immediately repay in full the principal amount of the Revolving Credit Loans
      then outstanding, together with all accrued interest thereon and all other
      amounts due and payable hereunder.

     

    Section
      2.02  Revolving
      Credit Notes.

     

    The
      Revolving Credit Loans made by each Lender shall be evidenced by a promissory
      note of the Company (individually, a “Revolving Credit Note” and, collectively,
      the “Revolving Credit Notes”), substantially in the form attached hereto as
      Exhibit A, each appropriately 

     

    
      
        
        

      

      
        19

        
          

        

      

      
        
        

      

    

    completed,
      duly executed and delivered on behalf of the Company and payable to the order
      of
      such Lender in a principal amount equal to the Revolving Credit Commitment
      of
      such Lender. Each Revolving Credit Note shall (a) be dated the Closing Date,
      (b)
      be stated to mature on the Revolving Credit Commitment Termination Date, and
      (c)
      bear interest from the date of the first Revolving Credit Loan until paid in
      full on the unpaid principal amount thereof from time to time outstanding as
      provided in Section 3.01 hereof. Each Lender is authorized to record the date,
      Type and amount of each Revolving Credit Loan and the date and amount of each
      payment or prepayment of principal of each Revolving Credit Loan in such
      Lender’s records or on the grid schedule annexed to such Lender’s Revolving
      Credit Note; provided,
      however,
      that
      the failure of a Lender to set forth each such Revolving Credit Loan, payment
      and other information shall not in any manner affect the obligation of the
      Company to repay each Revolving Credit Loan made by such Lender in accordance
      with the terms of its Revolving Credit Note and this Agreement. The Revolving
      Credit Note, the grid schedule and the books and records of each Lender shall
      constitute presumptive evidence of the information so recorded absent
      demonstrable error.

     

    Section
      2.03  Letters
      of Credit.

     

    (a)  Generally.
      Subject
      to the terms and conditions set forth in this Agreement, upon the written
      request of the Company in accordance herewith, the Issuing Lender shall issue
      Letters of Credit at any time during the Revolving Credit Commitment Period
      with
      pro rata participation by all of the Lenders in accordance with their respective
      Commitment Proportions. Notwithstanding the foregoing, at no time shall the
      Aggregate Letters of Credit Outstandings exceed $25,000,000, and no Letter
      of
      Credit shall be issued if, after giving effect to the same, the Aggregate
      Outstandings would exceed the Total Commitment in effect at such time. Each
      request for issuance of a Letter of Credit shall be in writing and shall be
      received by the Issuing Lender by no later than 12:00 noon, New York, New York
      time, on the day which is at least two (2) Business Days prior to the proposed
      date of issuance or creation. Such issuance or creation shall occur by no later
      than 5:00 p.m. on the proposed date of issuance (assuming proper prior notice
      as
      aforesaid). Subject to the terms and conditions contained herein, the expiry
      date, and the amount and beneficiary of the Letters of Credit will be as
      designated by the Company. The Issuing Lender shall promptly notify the
      Administrative Agent and the Lenders of the creation of any Letter of Credit
      and
      of the amounts of all Letters of Credit issued hereunder and of any extension,
      reduction, termination or amendment of any Letter of Credit. Each Letter of
      Credit issued by the Issuing Lender hereunder shall identify: (i) the dates
      of
      issuance and expiry of such Letter of Credit, (ii) the amount of such Letter
      of
      Credit (which shall be a sum certain), (iii) the beneficiary of such Letter
      of
      Credit, and (iv) the drafts and other documents necessary to be presented to
      the
      Issuing Lender upon drawing thereunder. In no event shall any Letter of Credit
      expire (or by its terms be required to be renewed to a date) after the Revolving
      Credit Commitment Termination Date. The Company agrees to execute and deliver
      to
      the Issuing Lender such further documents and instruments in connection with
      any
      Letter of Credit issued hereunder (including, without limitation, applications
      therefor) as the Issuing Lender in accordance with its customary practices
      may
      reasonably request. The Issuing Lender will not be required to issue a Letter
      of
      Credit hereunder with an expiration date (i) more than three hundred sixty
      (360)
      days from the date of issuance of such Letter of Credit, or (ii) on or after
      the
      Revolving Credit Commitment Termination Date. Notwithstanding the foregoing,
      Letters of Credit issued hereunder may include automatic extensions provided
      that the
      extensions shall be 

     

    
      
        
        

      

      
        20

        
          

        

      

      
        
        

      

    

    for
      periods not to exceed three hundred sixty (360) days and provided
      further
      that the expiration date of any such Letter of Credit shall not occur on or
      after the Revolving Credit Commitment Termination Date.

     

    (b)  Drawings
      Under Letters of Credit.
      The
      Company hereby absolutely and unconditionally promises to pay the Issuing Lender
      not later than 12:00 noon (New York, New York time) the amount of each drawing
      under a Letter of Credit if the Company receives notice of such drawing prior
      to
      10:00 a.m., New York, New York time, on the date of such drawing, or if such
      notice has not been received by the Company prior to such time on such date,
      then not later than 12:00 noon, New York, New York time, on the Business Day
      immediately following the day that the Company receives such notice;
provided,
      however,
      (i) if
      any drawing was in an amount not less than $1,000,000, the Company may, subject
      to the conditions to borrowing set forth herein, request in accordance with
      Section 2.01 hereof that such payment be financed with a Revolving Credit Loan
      which is a Base Rate Loan in an equivalent amount, and, to the extent so
      financed, the Company’s obligation to make such payment shall be discharged and
      replaced by such a Base Rate Loan and (ii) if such drawing or payment was in
      an
      amount less than $1,000,000, the Company may, subject to the conditions to
      borrowing set forth herein, request in accordance with Section 2.04 hereof
      that
      such payment be financed with a Swingline Loan in an equivalent amount and,
      to
      the extent so financed, the Company’s obligation to make such payment shall be
      discharged and replaced by such Swingline Loan. Such request shall be made
      by
      the Company on the date of receipt of notice from the Issuing Lender of a
      drawing under a Letter of Credit as applicable. The Issuing Lender shall notify
      the Administrative Agent and each Lender of such request in accordance with
      Section 2.01 hereof. If the Company fails to make such payment when due, the
      Issuing Lender shall notify each Lender of the amount of the drawing under
      the
      applicable Letter of Credit. Each Lender agrees that on the first Business
      Day
      after receipt of such notice, it will immediately make available by no later
      than 12:00 noon, New York, New York time, to the Issuing Lender at its office
      located at the Payment Office, in immediately available funds, its Commitment
      Proportion of such drawing provided
      (i) each
      Lender’s obligation shall be reduced by its Commitment Proportion of any
      reimbursement by the Company in respect of any such drawing pursuant to this
      Section 2.03 and (ii) no Lender shall be required to make payments to the
      Issuing Lender with respect to a drawing or payment which the Company reimbursed
      with the proceeds of a Revolving Credit Loan, as contemplated above, if such
      Lender fully funded its Commitment Proportion of such Revolving Credit Loan
      in
      accordance with Section 3.12 hereof. Any payment made by a Lender pursuant
      to
      this Section 2.03(b) to reimburse the Issuing Lender for any drawing under
      a
      Letter of Credit (other than a Base Rate Loan or a Swingline Loan as
      contemplated above) shall not constitute a Revolving Credit Loan or a Swingline
      Loan and shall not relieve the Company of its obligation to reimburse the
      Issuing Lender for such drawing or payment. Each drawing under a Letter of
      Credit which is not paid on the date such drawing is made shall accrue interest,
      for each day from and including the date of such drawing to but excluding the
      date that the Company reimburses the Issuing Lender in full for such drawing
      at
      the rate per annum then applicable to Revolving Credit Loans which are Base
      Rate
      Loans; provided,
      however,
      that if
      the Company fails to reimburse such drawing when due pursuant to this paragraph
      (b), then the Company shall pay to the Issuing Lender interest on the amount
      of
      such drawing at the rate per annum set forth in Section 3.01(c) hereof. Interest
      accruing pursuant to the preceding sentence shall be for the account of the
      Issuing Lender, except that interest accrued on and after the date of payment
      by
      any Lender pursuant to this Section 2.03(b) to reimburse the Issuing Lender
      shall be for the account of such 

     

    
      
        
        

      

      
        21

        
          

        

      

      
        
        

      

    

    Lender
      to
      the extent of such payment. The Issuing Lender shall promptly notify the
      Administrative Agent (which shall notify each Lender) of each drawing under
      a
      Letter of Credit.

     

    (c)  Letter
      of Credit Obligations Absolute.

     

    
      	(i)  	
              The
                obligation of the Company to reimburse the Issuing Lender as provided
                hereunder in respect of drawings under Letters of Credit shall rank
                pari
                passu with the obligation of the Company to repay the Revolving Credit
                Loans hereunder, and shall be absolute and unconditional under any
                and all
                circumstances subject to subsection (ii) below. Without limiting
                the
                generality of the foregoing, the obligation of the Company to reimburse
                the Issuing Lender in respect of drawings under Letters of Credit
                shall
                not be subject to any defense based on the non-application or
                misapplication by the beneficiary of the proceeds of any such drawing
                or
                the legality, validity, regularity or enforceability of the Letters
                of
                Credit or any related document, even though such document shall in
                fact
                prove to be invalid, fraudulent or forged, or any dispute between
                or among
                the Company, the beneficiary of any Letter of Credit, or any financial
                institution or other party to which any Letter of Credit may be
                transferred. The Issuing Lender may accept or pay any draft presented
                to
                it under any Letter of Credit regardless of when drawn or made and
                whether
                or not negotiated, if such draft, accompanying certificate or documents
                and any transmittal advice are presented or negotiated on or before
                the
                expiry date of such Letter of Credit or any renewal or extension
                thereof
                then in effect, and is in substantial compliance with the terms and
                conditions of such Letter of Credit. Furthermore, neither the Issuing
                Lender nor any of its correspondents nor any Lender shall be responsible,
                as to any document presented under a Letter of Credit which appears
                to be
                regular on its face, and appears on its face to be in substantial
                compliance with the terms of such Letter of Credit, for the validity
                or
                sufficiency of any signature or endorsement, for delay in giving
                any
                notice or failure of any instrument to bear adequate reference to
                any
                Letter of Credit, or for failure of any Person to note the amount
                of any
                draft on the reverse of any Letter of Credit. The Issuing Lender
                shall
                have the right, in its sole discretion, to decline to accept any
                documents
                and to decline to making payment under any Letter of Credit if the
                documents presented are not in strict compliance with the terms of
                such
                Letter of Credit.

            

    

     

    
      	(ii)  	
              Any
                action, inaction or omission on the part of the Issuing Lender or
                any of
                its correspondents under or in connection with any Letter of Credit
                or the
                related instruments, documents or property, if in good faith and
                in
                conformity with such laws, regulations or customs as are applicable,
                shall
                be binding upon the Company and 

            

    

     

    
      
        
        

      

      
        22

        
          

        

      

      
        
        

      

    

    shall
      not
      place the Issuing Lender or any of its correspondents or any Lender under any
      liability to the Company in the absence of (x) gross negligence or willful
      misconduct by the Issuing Lender or its correspondents or (y) the failure by
      the
      Issuing Lender to pay under a Letter of Credit after presentation of a draft
      and
      documents strictly complying with such Letter of Credit unless the Issuing
      Lender is prohibited from making such payment pursuant to a court order. The
      Issuing Lender’s rights, powers, privileges and immunities specified in or
      arising under this Agreement are in addition to any heretofore or at any time
      hereafter otherwise created or arising, whether by statute or rule of law or
      contract. All Letters of Credit issued hereunder will, except to the extent
      otherwise expressly provided hereunder, be governed by the UCP to the extent
      applicable and not inconsistent with the laws of the State of New
      York.

     

    (d)  Obligations
      of Lenders in Respect of Letters of Credit.
      Each
      Lender acknowledges that each Letter of Credit issued by the Issuing Lender
      pursuant to this Agreement is issued on behalf of and with the ratable
      participation of all of the Lenders (i.e., in accordance with their respective
      Commitment Proportions), and each Lender agrees to make the payments required
      by
      subsection (b) above and agrees to be responsible for its pro rata share of
      all
      liabilities incurred by the Issuing Lender with respect to each Letter of Credit
      issued, established, opened or extended by the Issuing Lender pursuant to this
      Agreement for the account of the Company hereunder. Each Lender agrees with
      the
      Issuing Lender and the other Lenders that its obligation to make the payments
      required by subsection (b) above shall not be affected in any way by any
      circumstances (other than the gross negligence or willful misconduct of the
      Issuing Lender) occurring before or after the making of any payment by the
      Issuing Lender pursuant to any Letter of Credit, including, without limitation:
      (i) any modification or amendment of, or any consent, waiver, release or
      forbearance with respect to, any of the terms of this Agreement or any other
      instrument or document referred to herein; (ii) the existence of any Default
      or
      Event of Default; or (iii) any change of any kind whatsoever in the financial
      position or credit worthiness of the Company.

     

    (e)  Replacement
      of the Issuing Lender.
      The
      Issuing Lender may be replaced at any time by written agreement among the
      Company, the Administrative Agent, the replaced Issuing Lender and the successor
      Issuing Lender. The Administrative Agent shall notify the Lenders of any such
      replacement of the Issuing Lender. At the time any such replacement shall become
      effective, the Company shall pay all unpaid fees accrued for the account of
      the
      replaced Issuing Lender pursuant to Section 3.04 hereof. From and after the
      effective date of any such replacement, (i) the successor Issuing Lender shall
      have all the rights and obligations of the Issuing Lender under this Agreement
      with respect to Letters of Credit to be issued thereafter, and (ii) references
      herein to the term “Issuing Lender” shall be deemed to refer to such successor
      or to any previous Issuing Lender, or to such successor and all previous Issuing
      Lenders, as the context shall require. After the replacement of an Issuing
      Lender hereunder, the replaced Issuing Lender shall remain a party hereto and
      shall continue to have all the rights and obligations of an Issuing Lender
      under
      this Agreement with respect to Letters of Credit issued prior to such
      replacement, but shall not be required to issue additional Letters of
      Credit.

     

    
      
        
        

      

      
        23

        
          

        

      

      
        
        

      

    

    

     

    Section
      2.04  Swingline
      Loans.

     

    (a)  Subject
      to the terms and conditions, and relying upon the representations and
      warranties, set forth herein, the Swingline Lender agrees to make loans
      (individually a “Swingline Loan” and, collectively, the “Swingline Loans”) to
      the Company from time to time during the Revolving Credit Commitment Period
      up
      to, but not exceeding, at any one time outstanding the Swingline Commitment;
      provided,
      however,
      that no
      Swingline Loan shall be made if, after giving effect to such Swingline Loan,
      the
      Aggregate Outstandings would exceed the Total Commitment in effect at such
      time;
      and provided
      further
      that the proceeds from Swingline Loans shall not be used to repay outstanding
      Revolving Credit Loans. During the Revolving Credit Commitment Period, the
      Company may from time to time borrow, repay and reborrow Swingline Loans on
      or
      after the date hereof and prior to the Revolving Credit Commitment Termination
      Date, subject to the terms, provisions and limitations set forth herein. The
      Swingline Loans shall be Base Rate Loans.
      The
      Company shall repay each Swingline Loan on the earlier to occur of (i) the
      date
      ten (10) Business Days after such Loan is made and (ii) the Revolving Credit
      Commitment Termination Date.

     

    (b)  The
      Company shall give the Administrative Agent irrevocable written notice (or
      telephonic notice promptly confirmed in writing) not later than 2:00 p.m. New
      York, New York time on the date of each proposed Swingline Loan under this
      Section 2.04. Such notice shall be irrevocable and shall specify (i) the amount
      of the proposed borrowing, and (ii) the proposed Borrowing Date. Upon receipt
      of
      such notice from the Company, the Administrative Agent shall promptly notify
      the
      Swingline Lender and each Lender thereof. Each borrowing of a Swingline Loan
      shall be in an amount not less than $100,000 or, if greater, whole multiples
      of
      $100,000 in excess thereof. The Swingline Lender shall make each Swingline
      Loan
      available to the Company by means of a credit to the operating account of the
      Company with the Swingline Lender (or, in the case of a Swingline Loan made
      to
      finance or reimburse a Letter of Credit drawing in accordance with Section
      2.03(b) hereof, by remittance to the Issuing Bank) by 4:00 p.m. New York, New
      York time, on the requested date of such Swingline Loan.

     

    (c)  So
      long
      as no Default or Event of Default has occurred and is continuing, the Company
      may repay Swingline Loans with the proceeds of a Revolving Credit Loan. The
      Swingline Lender may, at any time, require the Lenders to acquire participations
      (in the form of Revolving Credit Loans, which shall initially be Base Rate
      Loans) with respect to all or a portion of the Swingline Loans outstanding.
      If
      (i) the Company desires to repay such Swingline Loan with the proceeds of a
      Revolving Credit Loan or (ii) the Swingline Lender desires to have the Lenders
      acquire participations (in the form of Revolving Credit Loans, which shall
      initially be Base Rate Loans), the Swingline Lender shall, by written notice
      given to the Administrative Agent no later than 10:00 a.m. New York, New York
      time on any Business Day, require the Lenders to acquire participations (in
      the
      form of Revolving Credit Loans, which shall initially be Base Rate Loans) on
      such Business Day with respect to all or a portion of the Swingline Loans
      outstanding. Such notice shall specify the aggregate amount of Swingline Loans
      which will become such Revolving Credit Loans. Promptly upon receipt of such
      notice, the Administrative Agent will give notice thereof to each Lender,
      specifying in such notice such Lender’s Commitment Proportion of such Swingline
      Loan or Loans. Each Lender hereby absolutely and unconditionally agrees, upon
      receipt of notice as provided above, to pay to the Administrative Agent, for
      the
      account of the Swingline Lender, such Lender’s Commitment Proportion of such

     

    
      
        
        

      

      
        24

        
          

        

      

      
        
        

      

    

    Swingline
      Loan or Loans. Each Lender acknowledges and agrees that its obligation to
      acquire a participation in Swingline Loans pursuant to this paragraph is
      absolute and unconditional and shall not be affected by any circumstance
      whatsoever, including the occurrence and continuance of a Default or Event
      of
      Default or reduction or termination of the Commitments, and that each such
      payment shall be made without any offset, abatement, withholding or reduction
      whatsoever. Each Lender shall comply with its obligation under this paragraph
      by
      wire transfer of immediately available funds, in the same manner as provided
      in
      Section 3.12 hereof with respect to Loans made by such Lender, and the
      Administrative Agent shall promptly pay to the Swingline Lender the amounts
      so
      received by it from the Lenders. The Administrative Agent shall notify the
      Company of any participation in any Swingline Loan acquired pursuant to this
      paragraph, and thereafter payments in respect of such Swingline Loan shall
      be
      made to the Administrative Agent and not to the Swingline Lender. Any amounts
      received by the Swingline Lender from the Company (or other party on behalf
      of
      the Company) in respect of a Swingline Loan after receipt by the Swingline
      Lender of the proceeds of a sale of a participation therein shall be promptly
      remitted to the Administrative Agent; any such amounts received by the
      Administrative Agent shall be promptly remitted by the Administrative Agent
      to
      the Lenders that shall have made their payments pursuant to this paragraph
      and
      to the Swingline Lender, as their interests may appear. The purchase of a
      participation in a Swingline Loan pursuant to this paragraph (c) shall not
      relieve the Company of any default in the payment thereof.

     

    (d)  The
      agreement of the Swingline Lender to make Swingline Loans pursuant to this
      Section 2.04 shall automatically terminate on the Revolving Credit Commitment
      Termination Date. Upon such termination, the Company shall immediately repay
      the
      Swingline Lender or the Administrative Agent, as applicable, in full the
      principal amount of the Swingline Loans then outstanding, together with all
      accrued interest thereon and all other amounts due and payable
      hereunder.

     

    (e)  The
      Swingline Loans made by the Swingline Lender shall be evidenced by a promissory
      note of the Company (the “Swingline Note”), substantially in the form attached
      hereto as Exhibit B, appropriately completed, duly executed and delivered on
      behalf of the Company and payable to the order of the Swingline Lender in a
      principal amount equal to the Swingline Commitment. The Swingline Note shall
      (a)
      be dated the Closing Date, (b) be stated to mature on the Revolving Credit
      Commitment Termination Date, and (c) bear interest from the date thereof until
      paid in full on the unpaid principal amount thereof from time to time
      outstanding as provided in Section 3.01 hereof. The Swingline Lender is
      authorized to record the date and amount of each Swingline Loan and the date
      and
      amount of each payment or prepayment of principal of each Swingline Loan in
      the
      Swingline Lender’s records or on the grid schedule annexed to the Swingline
      Note; provided,
      however,
      that
      the failure of the Swingline Lender to set forth each such Swingline Loan,
      payment and other information shall not in any manner affect the obligation
      of
      the Company to repay each Swingline Loan made by the Swingline Lender in
      accordance with the terms of the Swingline Note and this Agreement. The
      Swingline Note, the grid schedule and the books and records of the Swingline
      Lender shall constitute presumptive evidence of the information so recorded
      absent demonstrable error.

     

    
      
        
        

      

      
        25

        
          

        

      

      
        
        

      

    

    

     

    Section
      2.05  Increase
      in Commitments.

     

    (a)  The
      Company shall have the right at any time (provided,
      that
      such right may not be exercised by the Company more than twice after the Closing
      Date, and each such exercised increase shall be in an amount not less than
      $25,000,000) to increase the Total Commitment hereunder by an aggregate amount,
      for all exercises pursuant to this Section 2.05, which is less than or equal
      to
      $100,000,000 by (i) requesting (which request may be agreed to or declined
      by
      such Lender in its sole discretion) that one or more Lenders increase its
      respective Revolving Credit Commitment or (ii) adding to this Agreement one
      or
      more financial institutions as a Lender; provided,
      however,
      that
      each such financial institution shall be approved by the Company and the
      Administrative Agent (which approval shall not be unreasonably withheld). For
      the avoidance of doubt, if the Company’s request pursuant to clause (i) above is
      declined by such Lender, such request shall not be considered an exercise of
      the
      Company’s right for purposes of the first proviso in the preceding sentence. An
      increase in the Total Commitment shall be effectuated pursuant to an agreement
      with an Increasing Lender or Additional Lender, as applicable, in form and
      substance satisfactory to the Company and the Administrative Agent pursuant
      to
      which (x) in the case of an Additional Lender, such Additional Lender shall
      undertake a Revolving Credit Commitment, which Revolving Credit Commitment
      shall
      be in an amount at least equal to $10,000,000 or an integral multiple of
      $500,000 in excess thereof, (y) in the case of an Increasing Lender, such
      Increasing Lender shall increase its Revolving Credit Commitment, which increase
      in its Revolving Credit Commitment shall be at least equal to $1,000,000 or
      an
      integral multiple of $500,000 in excess thereof, and (z) in the case of any
      Additional Lender, such Additional Lender shall agree to be bound as a Lender
      under the terms and conditions of this Agreement and the other Loan Documents.
      Upon the effectiveness of any such agreement and its acknowledgement by the
      Company and the Administrative Agent (the date of any such effectiveness and
      acknowledgement, an “Increased Commitment Date”), such Additional Lender shall
      thereupon become a “Lender” for all purposes of this Agreement with a Revolving
      Credit Commitment in the amount set forth in such agreement or, as applicable,
      the Revolving Credit Commitment of such Increasing Lender shall be increased
      in
      the amount set forth in such agreement, and this Agreement (including the
      signature page of such Increasing Lender) shall be deemed amended to the extent,
      but only to the extent, necessary to reflect the addition of such Additional
      Lender or the increased Revolving Credit Commitment of such Increasing Lender,
      the resulting adjustment of the Revolving Credit Commitments arising therefrom
      and the adjustments described in Section 2.05(d) hereof.

     

    (b)  Any
      increase in the Total Commitment pursuant to Section 2.05(a) hereof shall not
      be
      effective unless:

     

    
      	(i)  	
              the
                Company shall have given the Administrative Agent notice (which notice
                shall be promptly forwarded by the Administrative Agent to each Lender)
                of
                such desired increase at least fifteen (15) Business Days (or such
                shorter
                period as the Administrative Agent may agree to in the given instance)
                prior to any such proposed Increased Commitment
                Date;

            

    

     

    
      
        
        

      

      
        26

        
          

        

      

      
        
        

      

    

    

     

    
      	(ii)  	
              no
                Default or Event of Default shall have occurred and be continuing
                as of
                the date of the notice referred to in the foregoing clause (i) or
                on the
                Increased Commitment Date; and

            

    

     

    
      	(iii)  	
              the
                representations and warranties of the Company in Article IV hereof
                shall
                be true and correct in all material respects on and as of the date
                of the
                notice referred to in clause (i) and on and as of the applicable
                Increased
                Commitment Date with the same effect as if made on and as of such
                notice
                date or Increased Commitment Date (except to the extent such
                representations and warranties expressly refer to an earlier date,
                in
                which case they shall be true and correct as of such earlier
                date).

            

    

     

    Each
      notice given by the Company pursuant to Section 2.05(b)(i) hereof shall
      constitute a representation and warranty by the Company hereunder, as of the
      date of each such notice and as of each Increased Commitment Date, and after
      giving effect to the increase in the Total Commitment effective thereon, that
      the conditions in this Section 2.05(b) are satisfied.

     

    (c)  Effective
      on each Increased Commitment Date, (i) the amount of each Lender’s risk
      participation in all outstanding Letters of Credit shall be deemed to be
      automatically increased or decreased, as applicable, to reflect any changes
      in
      such Lender’s Commitment Proportion after giving effect to the increase in the
      Total Commitment effective thereon, and (ii) the amount of the Revolving Credit
      Loans then outstanding and held by each Lender shall be adjusted to reflect
      any
      such changes in such Lender’s Commitment Proportion. Each Lender having
      Revolving Credit Loans then outstanding and whose Commitment Proportion has
      been
      decreased as a result of the increase in the Total Commitment shall be deemed
      to
      have assigned, without recourse, such portion of such Revolving Credit Loans
      as
      shall be necessary to effectuate such adjustment to the Additional Lenders
      and
      Increasing Lenders (and each such assignment shall be deemed a prepayment for
      purposes of Section 3.08 hereof). Each Additional Lender and Increasing Lender
      shall (x) be deemed to have assumed such portion of such Revolving Credit Loans
      and (y) fund on the Increased Commitment Date, such assumed amounts to the
      Agent
      for the account of the assigning Lender in accordance with the provisions
      hereof.

     

    (d)  The
      Administrative Agent shall promptly notify the Lenders and the Company of any
      increase in the Total Commitment under this Section 2.05 and of each Lender’s
      Commitment Proportion after giving effect to any such increase.

     

    (e)  Upon
      the
      effectiveness of any increase in the Total Commitment in accordance with this
      Section 2.05, the Company agrees to execute Revolving Credit Notes in favor
      of
      each Additional Lender and each Increasing Lender upon the request of such
      Lender to evidence such Lender’s Revolving Credit Commitment after giving effect
      to such increase to the Total Commitment and to execute such other documents
      as
      the Administrative Agent shall deem necessary and appropriate to give effect
      to
      this Section 2.05; provided,
      that
      any Increasing Lender who has requested a new Revolving Credit Note in an amount
      equal to its increased Revolving Credit Commitment shall have returned for
      cancellation any other Revolving Credit Notes previously issued to it under
      this
      Agreement.

     

    
      
        
        

      

      
        27

        
          

        

      

      
        
        

      

    

     

    ARTICLE
      III.  

    PROVISIONS
      RELATING TO ALL EXTENSIONS OF CREDIT; FEES AND PAYMENTS

     

    Section
      3.01  Interest
      Rate; Continuation and Conversion of Loans.

     

    (a)  Each
      Base
      Rate Loan shall bear interest for the period from the date thereof on the unpaid
      principal amount thereof at a fluctuating rate per annum equal to the Base
      Rate
      plus the applicable Interest Rate Margin.

     

    (b)  Each
      Adjusted Libor Loan shall bear interest for the Interest Period applicable
      thereto on the unpaid principal amount thereof at a rate per annum equal to
      the
      Reserve Adjusted Libor determined for each Interest Period thereof in accordance
      with the terms hereof plus the applicable Interest Rate Margin.

     

    (c)  Upon
      the
      occurrence and during the continuance of a Default or an Event of Default,
      at
      the option of the Required Lenders, the rate of interest on all Loans and any
      other amounts payable under the Loan Documents will be increased to a rate
      equal
      to (i) 2% per annum plus the rate of interest otherwise applicable to such
      Loan,
      in the case of payments of principal, and (ii) 2% per annum plus the rate that
      would be applicable to Base Rate Loans from time to time, in the case of
      payments of any other amount.

     

    (d)  The
      Company may elect from time to time to convert outstanding Revolving Credit
      Loans from Adjusted Libor Loans to Base Rate Loans by giving the Administrative
      Agent at least three (3) Business Days prior irrevocable written notice of
      such
      election, provided
      that any
      such conversion of Adjusted Libor Loans shall only be made on the last day
      of an
      Interest Period with respect thereto or upon the date of payment in full of
      any
      amounts owing pursuant to Section 3.08 hereof as a result of such conversion.
      Upon receipt of such notice, the Administrative Agent shall promptly notify
      each
      Lender thereof. The Company may elect from time to time to convert outstanding
      Revolving Credit Loans from Base Rate Loans to Adjusted Libor Loans by giving
      the Administrative Agent irrevocable written notice of such election not later
      than 11:00 a.m. New York, New York time three (3) Business Days prior to the
      date of the proposed conversion. Upon receipt of such notice the Administrative
      Agent shall promptly notify each Lender thereof. All or any part of outstanding
      Base Rate Loans (other than Swingline Loans) may be converted as provided
      herein, provided
      that
      each conversion shall be in the principal amount of $2,000,000 or whole
      multiples of $1,000,000 in excess thereof, and further provided
      that no
      Default or Event of Default shall have occurred and be continuing. Any
      conversion to or from Adjusted Libor Loans hereunder shall be in such amounts
      and be made pursuant to such elections so that, after giving effect thereto,
      the
      aggregate principal amount of all Adjusted Libor Loans having the same Interest
      Period shall not be less than $2,000,000.

     

    (e)  Any
      Adjusted Libor Loan in a minimum principal amount of $2,000,000 may be continued
      as such upon the expiration of an Interest Period with respect thereto by
      compliance by the Company with the notice provisions contained in the definition
      of Interest Period; provided
      that no
      Adjusted Libor Loan may be continued as such when any Default or Event of
      Default has occurred and is continuing, but shall be automatically converted
      to
      a Base 

     

    
      
        
        

      

      
        28

        
          

        

      

      
        
        

      

    

    Rate
      Loan
      on the last day of the Interest Period in effect when the Administrative Agent
      is notified, or otherwise has actual knowledge, of such Default or Event of
      Default.

     

    (f)  If
      the
      Company shall fail to select the duration of any Interest Period for any
      Adjusted Libor Loan in accordance with the definition of “Interest Period” set
      forth in Section 1.01 hereof, the Company shall be deemed to have selected
      an
      Interest Period of one month.

     

    (g)  No
      Revolving Credit Loan may be converted to or continued as an Adjusted Libor
      Loan
      with an Interest Period that extends beyond the Revolving Credit Commitment
      Termination Date. 

     

    (h)  Anything
      in this Agreement or in any Note to the contrary notwithstanding, the obligation
      of the Company to make payments of interest shall be subject to the limitation
      that payments of interest shall not be required to be paid to a Lender to the
      extent that the charging or receipt thereof would not be permissible under
      the
      law or laws applicable to such Lender limiting the rates of interest that may
      be
      charged or collected by such Lender. In each such event payments of interest
      required to be paid to such Lender shall be calculated at the highest rate
      permitted by applicable law until such time as the rates of interest required
      hereunder may lawfully be charged and collected by such Lender. If the
      provisions of this Agreement or any Note would at any time otherwise require
      payment by the Company to any Lender of any amount of interest in excess of
      the
      maximum amount then permitted by applicable law, the interest payments to such
      Lender shall be reduced to the extent necessary so that such Lender shall not
      receive interest in excess of such maximum amount. 

     

    (i)  Interest
      on each Loan shall be payable in arrears on each Interest Payment Date and
      shall
      be payable for the actual days elapsed. Any rate of interest on the Loans or
      other Obligations which is computed on the basis of the Base Rate shall change
      when and as the Base Rate changes in accordance with the definition thereof.
      

     

    
      
        
        

      

      
        29

        
          

        

      

      
        
        

      

    

    

     

    Section
      3.02  Use
      of Proceeds.

     

    The
      proceeds of the Revolving Credit Loans shall be used to refinance Indebtedness
      of the Company under the 2004 Credit Agreement, to finance Acceptable
      Acquisitions and for general working capital and other corporate purposes.
      The
      Swingline Loans shall be used by the Company for general working capital and
      other corporate purposes. Commercial Letters of Credit shall be issued by the
      Issuing Lender hereunder for the account of the Company and shall be issued
      for
      the purpose of providing the primary payment mechanism in connection with the
      purchase of any materials, goods or services by the Company or any Guarantors
      in
      the ordinary course of their respective businesses. Standby Letters of Credit
      shall be issued by the Issuing Lender for the account of the Company and shall
      be issued for purposes in connection with, and in the ordinary course of, the
      business of the Company or the Guarantors consistent with historical purposes
      of
      standby letters of credit issued for the account of the Company prior to the
      date hereof.

     

    Section
      3.03  Prepayments.

     

    (a)  Voluntary.
      The
      Company may, at any time and from time to time, prepay the then outstanding
      Loans, in whole or in part, without premium or penalty, except as provided
      in
      Section 3.08 hereof, upon written notice to the Administrative Agent (or
      telephonic notice promptly confirmed in writing) not later than 11:00 a.m.
      New
      York, New York time, three (3) Business Days before the date of prepayment
      with
      respect to prepayments of Adjusted Libor Loans, or 11:00 a.m. New York, New
      York
      time on the date of prepayment with respect to Base Rate Loans. Each notice
      shall be irrevocable and shall specify the date and amount of prepayment and
      whether such prepayment is of Adjusted Libor Loans or Base Rate Loans or a
      combination thereof, and if a combination thereof, the amount of prepayment
      allocable to each. Upon receipt of such notice, the Administrative Agent shall
      promptly notify each Lender thereof. If such notice is given, the Company shall
      make such prepayment, and the amount specified in such notice shall be due
      and
      payable, on the date specified therein. Each partial prepayment pursuant to
      this
      Section 3.03 hereof shall be in a principal amount of $1,000,000 or whole
      multiples of $1,000,000 in excess thereof.

     

    (b)  Mandatory.
      To the
      extent that the Aggregate Outstandings exceed the Total Commitment, then the
      Company shall immediately prepay the Revolving Credit Loans to the extent
      necessary to cause compliance with each of the foregoing. To the extent that
      such prepayments are insufficient to cause such compliance, the Company shall
      pledge to the Administrative Agent, for the ratable benefit of the Lenders,
      Cash
      Collateral in an amount equal to the amount of such shortfall, which Cash
      Collateral shall secure the reimbursement obligations of the Company to the
      Issuing Lender with respect to Letters of Credit.

     

    
      
        
        

      

      
        30

        
          

        

      

      
        
        

      

    

    

     

    All
      prepayments shall be applied, first, to Base Rate Loans outstanding and second,
      to Adjusted Libor Loans outstanding, in such order as the Administrative Agent
      shall determine in its sole and absolute discretion. All prepayments shall
      be
      accompanied by accrued interest on the principal amount being prepaid to the
      date of prepayment.

     

    Section
      3.04  Fees.

     

    (a)  The
      Company agrees to pay to the Administrative Agent for the account of, and pro
      rata distribution to, each Lender a commitment fee equal to the sum of the
      actual daily unused portion of the Total Commitment (after giving effect to
      any
      Swingline Loans then outstanding) from the date of this Agreement until the
      Revolving Credit Commitment Termination Date multiplied by the rate set forth
      in
      the definition of the term “Unused Fee Rate” as in effect on the date of
      calculation, in each case, based on a year of 360 days. Such fees shall be
      payable in arrears (i) on the last day of June, September, December and March
      of
      each year commencing June 30, 2006, (ii) on the Revolving Credit Commitment
      Termination Date, and (iii) on each date the Revolving Credit Commitments are
      permanently reduced in whole or in part.

     

    (b)  The
      Company shall pay to the Administrative Agent for the account of, and pro rata
      distribution to, the Lenders a commission with respect to the Lenders’
participation in Standby Letters of Credit equal to the Standby LC Fee
      multiplied by the average daily amount of the Standby LC Exposure during the
      period from and including the Closing Date to but excluding the later of (a)
      the
      Revolving Credit Commitment Termination Date and (b) the date on which such
      Lender ceases to have any Standby LC Exposure. Such commissions with respect
      to
      Standby Letters of Credit shall be payable in arrears on the last Business
      Day
      of June, September, December and March of each year, commencing June 30, 2006;
      provided
      that all
      such fees shall be payable on the date on which the Total Commitment terminates
      and any such fees accruing after the date on which the Total Commitment
      terminates shall be payable on demand. All commissions with respect to Standby
      Letters of Credit shall be computed on the basis of a year of three hundred
      sixty (360) days and shall be payable for the actual number of days
      elapsed.

     

    (c)  The
      Company shall pay to the Administrative Agent for the account of, and pro rata
      distribution to each Lender, a payment fee equal to 0.125% of the amount paid
      on
      each Commercial Letter of Credit upon payment of such amount by the Issuing
      Lender.

     

    (d)  In
      addition, the Company shall pay to the Issuing Lender for its own account,
      upon
      issuance of any Letter of Credit hereunder, a letter of credit fronting fee
      equal to the greater of (i) 0.125% of the face amount of each Letter of Credit
      issued hereunder, or (ii) $250, together with the customary fees charged by
      the
      Issuing Lender in its sole discretion with respect to the issuance, payment,
      acceptance, processing and administration of Letters of Credit (including,
      without limitation, amendments to Letters of Credit).

     

    (e)  The
      Company further agrees to pay to the Administrative Agent for the account of
      each Lender an upfront fee in an aggregate amount previously agreed upon between
      the Lead Arranger and the Company to be distributed to the Lenders in accordance
      with their respective agreements with the Lead Arranger.

     

    
      
        
        

      

      
        31

        
          

        

      

      
        
        

      

    

    

     

    Section
      3.05  Computation
      of Interest and Fees.

     

    (a)  All
      computations of interest for Base Rate Loans when the Base Rate is determined
      by
      the Prime Rate shall be made on the basis of a year of 365 or 366 days, as
      the
      case may be, and actual days elapsed. All other computations of fees and
      interest shall be made on the basis of a 360-day year and actual days elapsed
      (which results in more fees or interest, as applicable, being paid than if
      computed on the basis of a 365-day year). Each determination by the
      Administrative Agent of an interest rate or fee hereunder shall be conclusive
      and binding for all purposes, absent manifest error.

     

    (b)  In
      the
      event that the Administrative Agent shall have determined in good faith (which
      determination shall be conclusive and binding upon the Company, absent
      demonstrable error) that, by reason of circumstances affecting the London
      interbank market, adequate and reasonable means do not exist for ascertaining
      the Reserve Adjusted Libor applicable pursuant to Section 3.01(b) hereof for
      any
      requested Interest Period with respect to (a) the making of an Adjusted Libor
      Loan, (b) an Adjusted Libor Loan that will result from the requested conversion
      of a Base Rate Loan into an Adjusted Libor Loan, or (c) the continuation of
      an
      Adjusted Libor Loan beyond the expiration of the then current Interest Period
      with respect thereto, the Administrative Agent shall forthwith give notice
      by
      telephone of such determination, promptly confirmed in writing, to the Company
      and each Lender of such determination. Until the Administrative Agent notifies
      the Company that the circumstances giving rise to the suspension described
      herein no longer exist, the Company shall not have the right to request or
      continue an Adjusted Libor Loan or to convert a Base Rate Loan to an Adjusted
      Libor Loan.

     

    Section
      3.06  Illegality.

     

    Notwithstanding
      any other provisions herein, if any introduction of or change in any law,
      regulation, treaty or directive or in the interpretation or application thereof
      shall make it unlawful for any Lender to make or maintain Adjusted Libor Loans
      as contemplated by this Agreement, such Lender shall forthwith give notice
      by
      telephone of such circumstances, promptly confirmed in writing, to the
      Administrative Agent, which notice the Administrative Agent shall promptly
      transmit to the Company and the other Lenders and (a) the commitment of such
      Lender to make and to allow conversion to or continuations of Adjusted Libor
      Loans shall forthwith be cancelled for the duration of such illegality and
      (b)
      the Revolving Credit Loans of the affected Lender then outstanding as Adjusted
      Libor Loans, if any, shall be converted automatically to Base Rate Loans on
      the
      next succeeding last day of each Interest Period applicable to such Adjusted
      Libor Loans or within such earlier period as may be required by law. The Company
      shall pay to such Lender, upon demand, any additional amounts required to be
      paid pursuant to Section 3.08 hereof.

     

    Section
      3.07  Increased
      Costs.

     

    (a)  In
      the
      event that any introduction of or change in, after the date hereof, any
      applicable law, regulation, treaty, order or directive or in the interpretation
      or application thereof (including, without limitation, any request, guideline
      or
      policy, whether or not having the force of law, of or from any central bank
      or
      other governmental authority, agency or 

     

    
      
        
        

      

      
        32

        
          

        

      

      
        
        

      

    

    instrumentality
      and including, without limitation, Regulation D), by any authority charged
      with
      the administration or interpretation thereof shall occur, which:

     

    
      	(i)  	
              shall
                subject any Lender or the Issuing Lender to any tax of any kind whatsoever
                with respect to this Agreement, any Note, any Loan or any Letter
                of Credit
                (or participations therein) or change the basis of taxation of payments
                to
                such Lender or the Issuing Lender of principal, interest, fees or
                any
                other amount payable hereunder (other than any tax that is measured
                with
                respect to the overall net income of such Lender or the Issuing Lender
                or
                any Lending Office of such Lender or the Issuing Lender and that
                is
                imposed by the United States of America, or any political subdivision
                or
                taxing authority thereof or therein, or by any jurisdiction in which
                such
                Lender’s Lending Office or the Issuing Lender’s lending office is located,
                or by any jurisdiction in which such Lender is organized, has its
                principal office or is managed and controlled);
                or

            

    

     

    
      	(ii)  	
              shall
                impose, modify or hold applicable any reserve, special deposit, compulsory
                loan or similar requirement (whether or not having the force of law)
                against assets held by, or deposits or other liabilities in or for
                the
                account of, advances or loans by, or other credit extended by, or
                any
                other acquisition of funds by, any office of any Lender or the Issuing
                Lender; or

            

    

     

    
      	(iii)  	
              shall
                impose on any Lender or the Issuing Lender any other condition, or
                change
                therein;

            

    

     

    and
      the
      result of any of the foregoing is to increase the cost to such Lender or the
      Issuing Lender of making, renewing or maintaining or participating in advances
      or extensions of credit hereunder or to reduce any amount receivable hereunder,
      in each case by an amount which such Lender or the Issuing Lender deems
      reasonably material, then, in any such case, subject to the provisions of
      Section 3.09 hereof, the Company shall pay such Lender or the Issuing Lender,
      upon written demand, such additional amount or amounts as such Lender or the
      Issuing Lender shall have determined in good faith will compensate such Lender
      for such increased costs or reduction.

     

    (b)  If
      any
      Lender or the Issuing Lender shall have determined that the adoption of, or
      any
      change in, any applicable law, rule or regulation regarding capital adequacy,
      or
      any change in the interpretation or administration thereof by any governmental
      authority, central bank or comparable agency charged with the interpretation
      or
      administration thereof, or compliance by any Lender or the Issuing Lender (or
      any lending office of any Lender or the Issuing Lender which funds Loans
      hereunder) or any Lender’s or the Issuing Lender’s holding company, with any
      request or directive regarding capital adequacy (whether or not having the
      force
      of the law) of any such authority, central bank or comparable agency, has or
      would have the effect of reducing the rate of return on such Lender’s or the
      Issuing Lender’s capital or on the capital of such Lender’s or the Issuing
      Lender’s holding company as a consequence of its 

     

    
      
        
        

      

      
        33

        
          

        

      

      
        
        

      

    

    obligations
      hereunder to a level below that which such Lender or the Issuing Lender (or
      such
      holding company) could have achieved but for such adoption, change or compliance
      (taking into consideration such Lender’s or the Issuing Lender’s policies and
      the policies of such Lender’s or the Issuing Lender’s holding company with
      respect to capital adequacy) by an amount deemed by such Lender or the Issuing
      Lender to be material, then from time to time, the Company shall pay to such
      Lender or the Issuing Lender the additional amount or amounts as such Lender
      or
      the Issuing Lender shall have determined will compensate such Lender or the
      Issuing Lender or such Lender’s or the Issuing Lender’s holding company for such
      reduction. Such Lender’s or the Issuing Lender’s determination of such amounts
      shall be conclusive and binding on the Company absent demonstrable
      error.

     

    (c)  A
      certificate of a Lender setting forth the amount or amounts payable pursuant
      to
      Sections 3.07(a) and 3.07(b) hereof shall be conclusive absent demonstrable
      error. The Company shall pay such Lender or the Issuing Lender the amount shown
      as due on any such certificate within 10 days after receipt
      thereof.

     

    (d)  In
      the
      event any Lender or the Issuing Lender shall be entitled to compensation
      pursuant to Section 3.07(a) or Section 3.07(b) hereof, it shall promptly notify
      the Administrative Agent and the Company of the event by reason of which it
      has
      become so entitled; provided,
      however,
      no
      failure on the part of any Lender or the Issuing Lender to demand compensation
      under clause (a) or clause (b) above on one occasion shall constitute a waiver
      of its right to demand compensation on any other occasion.

     

    Section
      3.08  Indemnity.

     

    The
      Company agrees to indemnify each Lender and to hold each Lender harmless from
      any loss, cost or expense which such Lender may sustain or incur, including,
      without limitation, interest or fees payable by such Lender to lenders of funds
      obtained by it in order to maintain Adjusted Libor Loans hereunder, as a
      consequence of (a) default by the Company in payment of the principal amount
      of
      or interest on any Adjusted Libor Loan, (b) default by the Company to accept
      or
      make a borrowing of an Adjusted Libor Loan or a conversion into or continuation
      of an Adjusted Libor Loan after the Company has requested such borrowing,
      conversion or continuation, (c) default by the Company in making any prepayment
      of any Adjusted Libor Loan after the Company gives a notice in accordance with
      Section 3.03 hereof and/or (d) the making of any payment or prepayment (whether
      mandatory or optional) of an Adjusted Libor Loan (including as a result of
      an
      assignment pursuant to Section 2.05(c) hereof) or the making of any conversion
      of an Adjusted Libor Loan to a Base Rate Loan on a day which is not the last
      day
      of the applicable Interest Period with respect thereto. A certificate of a
      Lender setting forth such amounts shall be conclusive absent demonstrable error.
      The Company shall pay such Lender the amount shown as due on any certificate
      within ten (10) days after receipt thereof.

     

    Section
      3.09  Mitigation,
      Obligations; Replacement of Lenders.

     

    (a)  Each
      Lender agrees to use reasonable efforts to designate an alternate Lending Office
      with respect to any Type of Loan affected by the events or circumstances
      described in Section 3.05(b), 3.06, 3.07 or 3.10 hereof to avoid or minimize
      the
      Company’s liability thereunder; provided,
      however,
      that
      such efforts shall not cause the imposition on such 

     

    
      
        
        

      

      
        34

        
          

        

      

      
        
        

      

    

    Lender
      of
      any additional cost or legal, regulatory or administrative burdens deemed by
      such Lender, in its sole discretion, to be material.

     

    (b)  If
      any
      Lender is affected by the events or circumstances described in Section 3.05(b),
      3.06, 3.07 or 3.10 and requests additional compensation pursuant to the terms
      of
      this Agreement, or if any Lender defaults in its obligation to fund Loans
      hereunder, then the Company may, at its sole expense and effort, upon notice
      to
      such Lender and the Administrative Agent, require such Lender to assign and
      delegate, without recourse (and in accordance with the restrictions set forth
      in
      Section 10.05 hereof), all its interests, rights, and obligations under this
      Agreement to an assignee that shall assume such obligations (which assignee
      may
      be another Lender, if such Lender accepts such assignment); provided,
      that
      (i) the Company shall have received the prior written consent of the
      Administrative Agent (and if a Commitment is being assigned, the Issuing Bank
      and the Swingline Lender), which consent shall not be unreasonably withheld
      or
      delayed, (ii) such Lender shall have received payment of an amount equal to
      the
      outstanding principal amount of its Loans and participation in Swingline Loans,
      accrued interest thereon, accrued fees and other amounts payable to it hereunder
      from the assignee (to the extent of the outstanding principal and accrued
      interest and fees) or the Company (in the case of all other amounts) and (iii)
      in the case of any such assignment resulting from a claim for compensation
      pursuant to Section 3.05(b), 3.06 or 3.07 hereof or payments required to be
      made
      pursuant to Section 3.10 hereof, such assignment will result in a reduction
      of
      such compensation or payments. A Lender shall not be required to make any such
      assignment or delegation if, prior thereto, as a result of a waiver by such
      Lender or otherwise, the circumstances entitling the Company to require such
      assignment and delegations cease to apply.

     

    Section
      3.10  Taxes.

     

    (a)  Except
      as
      set forth in clause (d) below or as required by law, all payments made by the
      Company under this Agreement shall be made free and clear of, and without
      reduction for or on account of, any present or future taxes, levies, imposts,
      duties, charges, fees, deductions or withholdings, now or hereafter imposed,
      levied, collected, withheld or assessed by any Governmental Authority, excluding
      (i) income and franchise taxes (imposed in lieu of income taxes) imposed on
      the
      Administrative Agent, the Issuing Lender or a Lender as a result of a present,
      former or future connection between the jurisdiction of the government or the
      taxing authority imposing such tax and the Administrative Agent, Issuing Lender
      or Lender or the lending office of the Administrative Agent, Issuing Lender
      or a
      Lender (excluding a connection arising solely from the Administrative Agent,
      Issuing Lender or a Lender having executed this Agreement, the Notes or the
      other Loan Documents) or any political subdivision or taxing authority thereof
      or therein, and (ii) taxes (including withholding taxes) imposed by reason
      of
      the failure of the Administrative Agent, Issuing Lender or a Lender, if
      organized outside of the United States, to comply with Section 3.10(c) hereof
      (or the inaccuracy at any time of the certificates, documents or other evidence
      delivered thereunder) (such non-excluded taxes being called “Non-Excluded
      Taxes”). If any Non-Excluded Taxes are required to be withheld from any amounts
      payable to the Administrative Agent, the Issuing Lender or any Lender hereunder,
      or under the Notes, the amount so payable to the Administrative Agent, the
      Issuing Lender or such Lender shall be increased to the extent necessary to
      yield to the Administrative Agent, the Issuing Lender or such Lender (after
      payment of all Non-Excluded Taxes and free and clear of all liability in respect
      of such Non-Excluded Taxes) interest or any such other amounts payable

     

    
      
        
        

      

      
        35

        
          

        

      

      
        
        

      

    

    hereunder
      at the rates or in the amounts specified in this Agreement and the Notes
provided,
      however,
      that
      the Company shall not be required to increase any such amounts payable to any
      Lender with respect to any Non-Excluded Taxes (i) that are attributable to
      such
      Lender’s failure to comply with the requirements of Section 3.09 hereof, (ii)
      that are United States withholding taxes imposed (or branch profits taxes
      imposed in lieu thereof) on amounts payable to such Lender at the time such
      Lender becomes a party to this Agreement, except to the extent that such
      Lender’s assignor (if any) was entitled, at the time of assignment, to receive
      additional amounts from the Company with respect to such Non-Excluded Taxes
      pursuant to this Section 3.10(a), or (iii) that are imposed as a result of
      any
      event occurring after such Lender becomes a Lender other than a change in law
      or
      regulation or the introduction of any law or regulation or a change in
      interpretation or administration of any law. Whenever any Non-Excluded Taxes
      are
      payable by the Company, as promptly as possible thereafter, the Company shall
      send to the Administrative Agent for its own account or for the account of
      the
      Issuing Lender or such Lender, as the case may be, a certified copy of an
      original official receipt showing payment thereof. If the Company fails to
      pay
      Non-Excluded Taxes when due to the appropriate taxing authority or fails to
      remit to the Administrative Agent the required receipts or other required
      documentary evidence, the Company shall indemnify the Administrative Agent,
      the
      Issuing Lender and the Lenders for any incremental taxes, interest or penalties
      that may become payable by the Administrative Agent, the Issuing Lender or
      such
      Lender as a result of any such failure together with any expenses payable by
      the
      Administrative Agent, the Issuing Lender or such Lender in connection therewith;
      provided
      that the
      Administrative Agent, Issuing Lender or such Lender has provided the Company
      with notice thereof as required by Section 10.01 hereof, accompanied by a demand
      for payment.

     

    (b)  If
      a
      Lender or the Administrative Agent becomes aware that it is entitled to claim
      a
      refund from a governmental authority in respect of any Non-Excluded Taxes as
      to
      which it has been indemnified by the Company or with respect to which the
      Company has paid additional amounts pursuant to this Section 3.10, it promptly
      shall notify the Company in writing of the availability of such refund claim
      and
      shall make a timely claim to such taxation authority for such refund at the
      Company’s expense. If a Lender or the Administrative Agent receives a refund
      (including pursuant to a claim for refund made pursuant to the preceding
      sentence) or a permanent net tax benefit in respect of any Non-Excluded Taxes
      as
      to which it has been indemnified by the Company or with respect to which the
      Company has paid additional amounts pursuant to this Section 3.10, it shall
      within thirty (30) days from the date of such receipt pay over the amount of
      such refund or permanent net tax benefit to the Company, net of all reasonable
      out-of-pocket expenses of such Lender or the Administrative Agent and without
      interest (other than interest paid by the relevant taxation authority with
      respect to such refund); provided
      that the
      Company, upon the request of such Lender or the Administrative Agent, agrees
      to
      repay the amount paid over to the Company (plus penalties, interest or other
      reasonable charges) to such Lender or the Administrative Agent in the event
      such
      Lender or the Administrative Agent is required to repay such refund to such
      taxation authority or loses such net tax benefit.

     

    (c)  On
      or
      before the date on which it becomes a party to this Agreement, each Lender
      that
      is not organized under the laws of the United States or a state thereof agrees
      that it will deliver to the Company and the Administrative Agent (i) two duly
      completed copies of United States Internal Revenue Service Form W-8BEN or W-8ECI
      or successor applicable form, 

     

    
      
        
        

      

      
        36

        
          

        

      

      
        
        

      

    

    as
      the
      case may be, certifying in each case that such Lender is entitled to receive
      payments under this Agreement without deduction or withholding of any United
      States federal income taxes, and (ii) if such Lender is not a “bank” within the
      meaning of Section 881(c)(3)(A) of the Code, an Internal Revenue Service Form
      W-8BEN or successor applicable form, and a statement in the form of Exhibit
      G
      hereto. Each Lender that delivers to the Company and the Administrative Agent
      a
      Form W-8BEN or W-8ECI pursuant to the preceding sentence further undertakes
      to
      deliver to the Administrative Agent two further copies of the said statement
      and
      Form W-8BEN or W-8ECI, or successor applicable forms, or other manner of
      certification, as the case may be, on or before the date that any such statement
      or form expires or becomes obsolete or after the occurrence of any event
      requiring a change in the most recent statement or form previously delivered
      by
      it to the Administrative Agent, and such extensions or renewals thereof as
      may
      be requested by the Administrative Agent, certifying in the case of a Form
      W-8BEN or W-8ECI that such Lender is entitled to receive payments under this
      Agreement without deduction or withholding of any United States federal income
      taxes. Each Lender shall promptly notify the Company and the Administrative
      Agent at any time it determines that it is no longer in a position to provide
      any previously delivered above-mentioned form or statement (or successor
      thereto) to the Company and the Administrative Agent.

     

    (d)  For
      any
      period with respect to which a Lender required to do so has failed to provide
      the Company with the appropriate form described in Section 3.l0(c) above (other
      than if such failure is due to a change in law occurring subsequent to the
      date
      on which a form originally was required to be provided, or if such form
      otherwise is not required under Section 3.10(c) above), such Lender shall not
      be
      entitled to indemnification under this Section 3.10 with respect to Non-Excluded
      Taxes imposed by reason of such failure; provided,
      however,
      that
      should a Lender become subject to Non-Excluded Taxes because of its failure
      to
      deliver a form required hereunder, the Company shall take such steps as such
      Lender reasonably shall request to assist such Lender in recovering such
      Non-Excluded Taxes.

     

    Section
      3.11  Pro
      Rata Treatment and Payments.

     

    (a)  Each
      borrowing by the Company from the Lenders, each conversion of a Revolving Credit
      Loan pursuant to Section 3.01(d) hereof or continuation of a Revolving Credit
      Loan pursuant to Section 3.01(e) hereof, each payment by the Company on account
      of any fee (other than with respect to fees which are expressly payable to
      the
      Administrative Agent or the Issuing Lender for its own account), and any
      reduction of the Commitments of the Lenders hereunder shall be made pro rata
      according to the respective relevant Commitment Proportions of the Lenders.
      Each
      reimbursement by the Company to the Issuing Lender with respect to drawings
      under Letters of Credit pursuant to Section 2.03 hereof shall be made pro rata
      for the benefit of the Lenders to the extent such Lender has made available
      its
      Commitment Proportion of such drawing in accordance with Section 2.03(b) hereof.
      Each payment (including each prepayment) by the Company on account of principal
      of and interest on each Loan shall be made pro rata according to the respective
      outstanding principal amounts of such Loans held by each Lender. Except as
      otherwise provided in Section 2.04 hereof, all payments by the Company on
      account of principal of and interest on any Swingline Loan shall be made to
      the
      Swingline Lender at its office specified on its signature page hereof in Dollars
      in immediately available funds. All payments (including prepayments) to be
      made
      by the Company on account of principal, interest, fees and reimbursement
      obligations shall be made without set-off or 

     

    
      
        
        

      

      
        37

        
          

        

      

      
        
        

      

    

    counterclaim
      and, with respect to payments of the Loans shall be made to the Administrative
      Agent, for the account of the Lenders (except as specified above), at the
      Payment Office in Dollars in immediately available funds. The Administrative
      Agent shall distribute such payments with respect to Loans to the Lenders
      promptly upon receipt in like funds by wire transfer of each Lender’s portion of
      such payment to such Lender for the account of its Lending Office. The
      Administrative Agent may, in its sole discretion, directly charge principal
      and
      interest payments due in respect of the Loans to the Company’s accounts at the
      Payment Office or other office of the Administrative Agent. The Issuing Lender
      may, in its sole discretion, directly charge reimbursement obligations with
      respect to Letters of Credit to the Company’s accounts at any office of the
      Issuing Lender. Except as otherwise provided in the definition of “Interest
      Period”, if any payment hereunder becomes due and payable on a day other than a
      Business Day, such payment shall be extended to the next succeeding Business
      Day, and, with respect to payments of principal, interest thereon shall be
      payable at the then applicable rate during such extension.

     

    Section
      3.12  Funding
      and Disbursement of Loans.

     

    (a)  Each
      Lender shall make each Revolving Credit Loan to be made by it hereunder
      available to the Administrative Agent at the Payment Office for the account
      of
      such office and the Administrative Agent by 1:00 p.m. New York, New York time
      on
      the Borrowing Date in Dollars in immediately available funds. Unless any
      applicable condition specified in Article V has not been satisfied, the amount
      so received by the Administrative Agent will be made available to the Company
      at
      the Payment Office by crediting the account of the Company with such amount
      and
      in like funds as received by the Administrative Agent; provided,
      however,
      that if
      the proceeds of any Revolving Credit Loan or Swingline Loan or any portion
      thereof are to be used to prepay outstanding Revolving Credit Loans, Swingline
      Loans or Letter of Credit obligations, then the Administrative Agent shall
      apply
      such proceeds for such purpose to the extent necessary and credit the balance,
      if any, to the Company’s account.

     

    (b)  Unless
      the Administrative Agent shall have been notified in writing by any Lender
      prior
      to a proposed Borrowing Date that such Lender is affected by the events or
      circumstances described in Section 3.05(b), 3.06, 3.07 or 3.10 hereof and that
      such Lender will not make the amount which would constitute its Commitment
      Proportion of the borrowing on such Borrowing Date available to the
      Administrative Agent, the Administrative Agent may assume that such Lender
      has
      made such amount available to the Administrative Agent on such Borrowing Date,
      and the Administrative Agent may, in reliance upon such assumption, make
      available to the Company a corresponding amount. If such amount is not made
      available to the Administrative Agent until a date after such Borrowing Date,
      such Lender shall pay to the Administrative Agent on demand interest on such
      Lender’s Commitment Proportion of such borrowing at a rate equal to the greater
      of (i) the daily average Federal Funds Rate and (ii) a rate determined by the
      Administrative Agent in accordance with banking industry rules on interbank
      compensation during such period, from and including such Borrowing Date to
      the
      date on which such Lender’s Commitment Proportion of such borrowing shall have
      become immediately available to the Administrative Agent. A certificate of
      the
      Administrative Agent submitted to any Lender with respect to any amounts due
      pursuant to this Section 3.12(b) shall be conclusive absent demonstrable error.
      Nothing herein shall be deemed to relieve any Lender from its 

     

    
      
        
        

      

      
        38

        
          

        

      

      
        
        

      

    

    obligations
      to fulfill its commitment hereunder or to prejudice any right which the Company
      may have against any Lender as a result of any default by such Lender
      hereunder.

     

    ARTICLE
      IV.

    REPRESENTATIONS
      AND WARRANTIES

     

    In
      order
      to induce the Lenders to enter into this Agreement and to make the Loans herein
      provided for, the Company represents and warrants to the Administrative Agent
      and each Lender that:

     

    Section
      4.01  Organization,
      Powers.

     

    The
      Company and each Guarantor (a) is a corporation duly organized, validly existing
      and in good standing under the laws of the jurisdiction of its formation, (b)
      has the corporate power and authority to own its properties and to carry on
      its
      business as being conducted, (c) is in good standing and is duly qualified
      to do
      business in every jurisdiction wherein the conduct of its business or the
      ownership of its properties are such as to require such qualification except
      those jurisdictions in which the failure to be so qualified could not reasonably
      be expected to have a Material Adverse Effect, and (d) has the corporate power
      to execute, deliver and perform each of the Loan Documents to which it is a
      party, including, without limitation, the power to obtain extensions of credit
      hereunder and to execute and deliver the Notes. Each Subsidiary of the Company
      which is not a Guarantor, other than Excluded Subsidiaries, (a) is a
      corporation, limited liability company, partnership or other legal entity (as
      indicated on Schedule I hereto) duly organized or formed, as applicable, validly
      existing and in good standing under the laws of the jurisdiction of its
      formation, (b) has the corporate, limited partnership, limited liability company
      or other legal power and authority to own or lease its properties and to carry
      on its business as being conducted on the Closing Date and, (c) is duly
      qualified to do business in every jurisdiction wherein the conduct of its
      business or the ownership of its properties are such as to require such
      qualification except in those jurisdictions where the failure to be so qualified
      could not reasonably be expected to have a Material Adverse Effect.

     

    Section
      4.02  Authorization
      of Borrowing, Enforceable Obligations.

     

    The
      execution, delivery and performance by the Company of this Agreement, and the
      other Loan Documents to which it is a party, the borrowings and the other
      extensions of credit to the Company hereunder, and the execution, delivery
      and
      performance by each Guarantor of the Loan Documents to which such Guarantor
      is a
      party, (a) have been duly authorized by all requisite corporate, limited
      partnership or limited liability company action, (b) will not violate or require
      any consent (other than consents as have been made or obtained and which are
      in
      full force and effect) under (i) any provision of law applicable to the Company
      or any Guarantor, any applicable rule or regulation of any Governmental
      Authority, or the Certificate of Incorporation or By-laws of the Company or
      the
      Certificate of Incorporation, By-Laws, or other organizational documents, as
      applicable, of any Guarantor or (ii) any order of any court or other
      Governmental Authority binding on the Company or any Guarantor or any indenture,
      agreement or other instrument to which the Company or any Guarantor is a party,
      or by which the Company or any Guarantor or any of its property is bound and
      (c)
      will not be in conflict with, result in a breach of or constitute (with due
      notice and/or lapse of time) a default under any such indenture, agreement
      

     

    
      
        
        

      

      
        39

        
          

        

      

      
        
        

      

    

    or
      other
      instrument, which conflict, breach or default could reasonably be expected
      to
      have a Material Adverse Effect, or result in the creation or imposition of
      any
      Lien of any nature whatsoever upon any of the property or assets of the Company
      or any Guarantor other than as contemplated by this Agreement or the other
      Loan
      Documents. This Agreement and each other Loan Document to which the Company
      or
      any Guarantor is a party constitutes a legal, valid and binding obligation
      of
      the Company and each such Guarantor, as the case may be, enforceable against
      the
      Company and each such Guarantor, as the case may be, in accordance with its
      terms except to the extent that enforcement may be limited by applicable
      bankruptcy, reorganization, moratorium, insolvency and similar laws affecting
      creditors’ rights generally or by equitable principles of general application,
      regardless of whether considered in a proceeding in equity or at
      law.

     

    Section
      4.03  Financial
      Condition.

     

    (a)  The
      Company has heretofore furnished to each Lender (i) the audited consolidated
      balance sheet of the Company and its Subsidiaries and the related consolidated
      statements of income, retained earnings and cash flow of the Company and its
      Subsidiaries, audited by Ernst & Young LLP, independent auditors, for the
      fiscal year ended June 30, 2005 and (ii) the unaudited consolidated balance
      sheet of the Company and its Subsidiaries and the related consolidated
      statements of income, retained earnings and cash flow of the Company and its
      Subsidiaries for the six-month period ended December 31, 2005. The financial
      statements for the year ended June 30, 2005, referred to in clause (i) above,
      were prepared in conformity with Generally Accepted Accounting Principles,
      and
      the financial statements for the fiscal quarter and six-month period ended
      December 31, 2005, referred to in clause (ii) above, were prepared in conformity
      with Generally Accepted Accounting Principles, (subject to year-end adjustments
      and except for the absence of notes thereto), and, in each case, such financial
      statements fairly present the consolidated financial condition and consolidated
      results of operations of the Company and its Subsidiaries as of the date of
      such
      financial statements and for the periods to which they relate and since December
      31, 2005 no Material Adverse Effect has occurred. The Company shall deliver
      to
      the Administrative Agent, a certificate of the Chief Financial Officer of the
      Company to that effect on the Closing Date. Since the later of (i) the date
      of
      the Current SEC Report or (ii) the date of the most recent pro forma financial
      statements delivered pursuant to Section 7.06 hereof relating to a completed
      acquisition, there are no obligations or liabilities, contingent or otherwise,
      of the Company or any of its Subsidiaries which are not reflected or disclosed
      on such audited statements, the Current SEC Report or such pro forma financial
      statements, other than obligations of the Company and its Subsidiaries incurred
      in the ordinary course of business.

     

    (b)  The
      Company and each of the Guarantors is Solvent.

     

    Section
      4.04  Taxes.

     

    The
      Company and each Subsidiary of the Company has filed or has caused to be filed
      all tax returns (foreign, federal, state and local) required to be filed
      (including, without limitation, with respect to payroll and sales taxes) and
      the
      Company and each Subsidiary of the Company has paid all taxes (including,
      without limitation, all payroll and sales taxes), assessments and governmental
      charges and levies shown thereon to be due, including interest and penalties
      except 

     

    
      
        
        

      

      
        40

        
          

        

      

      
        
        

      

    

    (a)
      where
      the failure to file such tax returns or pay such taxes, charges or levies could
      not reasonably be expected to have a Material Adverse Effect and (b) taxes,
      assessments and governmental charges and levies being contested in good faith
      by
      appropriate proceedings and with respect to which adequate reserves in
      conformity with Generally Accepted Accounting Principles consistently applied
      shall have been provided on the books of the Company and its
      Subsidiaries.

     

    Section
      4.05  Title
      to Properties.

     

    The
      Company and each Subsidiary of the Company has good title to its respective
      properties and assets reflected on the financial statements referred to in
      Section 4.03 hereof, except for such properties and assets as have been disposed
      of since the date of such financial statements as no longer used or useful
      in
      the conduct of their respective businesses or as have been disposed of in the
      ordinary course of business, and all such properties and assets are free and
      clear of all Liens other than Permitted Liens.

     

    Section
      4.06  Litigation.

     

    (a)  Except
      as
      set forth on Schedule VI, there are no actions, suits or proceedings (whether
      or
      not purportedly on behalf of the Company or any Subsidiary of the Company)
      pending or, to the knowledge of the Company, threatened against or affecting
      the
      Company or any such Subsidiary at law or in equity or before or by any
      Governmental Authority, which involve any of the transactions contemplated
      herein or which could reasonably be expected to result in a Material Adverse
      Effect; and

     

    (b)  Neither
      the Company nor any Subsidiary of the Company is in default with respect to
      any
      judgment, writ, injunction, decree, rule or regulation of any Governmental
      Authority which could reasonably be expected to result in a Material Adverse
      Effect.

     

    Section
      4.07  Agreements.

     

    Neither
      the Company nor any Subsidiary of the Company is in violation of or restricted
      by its charter or bylaws or in breach or violation of any judgment, order,
      writ,
      injunction, decree or regulation which could reasonably be expected to have
      a
      Material Adverse Effect. Neither the Company nor any Subsidiary of the Company
      is in default in the performance, observance or fulfillment of any of the
      obligations, covenants or conditions contained in any agreement, indenture,
      loan
      or credit agreement or any lease or other agreement or instrument to which
      it is
      a party, which default could reasonably be expected to have a Material Adverse
      Effect.

     

    Section
      4.08  Compliance
      with ERISA.

     

    Except
      as
      set forth on Schedule VII, each Plan is in compliance in all material respects
      with ERISA; no Plan is insolvent or in reorganization (as defined in Section
      4241 of ERISA), no Plan has an Unfunded Current Liability, and no Plan has
      an
      accumulated or waived funding deficiency within the meaning of Section 412
      of
      the Code; neither the Company, any Subsidiary of the Company nor any ERISA
      Affiliate has incurred any material liability to or on account of a Plan
      pursuant to Section 515, 4062, 4063, 4064, 4201 or 4204 of ERISA or reasonably
      expects to incur any liability under any of the foregoing Sections on account
      of
      the prior termination of 

     

    
      
        
        

      

      
        41

        
          

        

      

      
        
        

      

    

    participation
      in or contributions to any such Plan; no proceedings have been instituted to
      terminate any Plan; no condition exists which could reasonably be expected
      to
      present a risk to the Company, any Subsidiary of the Company or any ERISA
      Affiliate of incurring a liability to or on account of a Plan pursuant to the
      foregoing provisions of ERISA and the Code; and no lien imposed under the Code
      or ERISA on the assets of the Company, any Subsidiary of the Company or any
      of
      its ERISA Affiliates exists or to the knowledge of the Company is likely to
      arise on account of any Plan. The aggregate potential tax liabilities, fines
      and
      penalties related to the items included on Schedule VII would not have a
      Material Adverse Effect.

     

    Section
      4.09  Federal
      Reserve Regulations; Use of Proceeds.

     

    (a)  Neither
      the Company nor any Subsidiary of the Company is engaged principally in, nor
      has
      as one of its important activities, the business of extending credit for the
      purpose of purchasing or carrying any “margin stock” (within the meaning of
      Regulation U of the Board of Governors of the Federal Reserve System of the
      United States, as amended from time to time).

     

    (b)  No
      part
      of the proceeds of any Loan and no other extension of credit hereunder will
      be
      used, whether directly or indirectly, and whether immediately, incidentally
      or
      ultimately, (i) to purchase or to carry margin stock or to extend credit to
      others for the purpose of purchasing or carrying margin stock, or to refund
      indebtedness originally incurred for such purposes, or (ii) for any purpose
      which violates or is inconsistent with the provisions of Regulation T, U, or
      X
      of the Board of Governors of the Federal Reserve System.

     

    (c)  The
      proceeds of each Loan, and each other extension of credit hereunder, shall
      be
      used solely for the purposes permitted under Section 3.02 hereof.

     

    
      
        
        

      

      
        42

        
          

        

      

      
        
        

      

    

    

     

    Section
      4.10  Approvals.

     

    No
      registration with or consent or approval of, or other action by, any
      Governmental Authority or any other Person is required in connection with the
      execution, delivery and performance of this Agreement by the Company or any
      Guarantor, or with the execution, delivery and performance of any other Loan
      Documents to which it is a party or, with respect to the Company, the borrowings
      and each other extension of credit hereunder other than registrations, consents
      and approvals received prior to the date hereof and disclosed to the Lenders
      and
      which are in full force and effect or such registrations, consents and approvals
      required pursuant to Section 5.01 hereof.

     

    Section
      4.11  Subsidiaries
      and Affiliates.

     

    Attached
      hereto as Schedule I is a correct and complete list of each of the Company’s
      Subsidiaries and Affiliates (other than individuals) as of the Closing Date
      showing as to each Subsidiary and Affiliate (other than individuals), its name,
      the jurisdiction of its incorporation or formation, its shareholders or other
      owners of an interest in each Subsidiary and Affiliate (other than individuals)
      and the number of outstanding shares or other ownership interests owned by
      each
      shareholder or other owner of an interest.

     

    Section
      4.12  Hazardous
      Materials.

     

    The
      Company and each Subsidiary are in compliance in all material respects with
      all
      applicable Environmental Laws and neither the Company nor any Subsidiary has
      used Hazardous Materials on, from, or affecting any property now owned or
      occupied or hereafter owned or occupied by the Company or any such Subsidiary
      in
      any manner which violates any applicable Environmental Law. No prior owner
      of
      any such property or any tenant, subtenant, prior tenant or prior subtenant
      have
      used Hazardous Materials on, from, or affecting such property in any manner
      which violates any applicable Environmental Law.

     

    Section
      4.13  Investment
      Company Act.

     

    Neither
      the Company nor any Subsidiary of the Company is an “investment company”, or a
      company “controlled” by an “investment company”, within the meaning of the
      Investment Company Act of 1940, as amended.

     

    Section
      4.14  No
      Default.

     

    No
      Default or Event of Default has occurred and is continuing.

     

    Section
      4.15  Credit
      Arrangements.

     

    Schedule
      V hereto is a complete and correct list of all material credit agreements,
      indentures, guaranties, Capital Leases and other investments, agreements and
      arrangements relating to borrowed money in effect on the Closing Date providing
      for or relating to extensions of credit to the Company or any Subsidiaries of
      the Company, or any of them (including agreements and arrangements for the
      issuance of letters of credit or for acceptance financing) in respect of which
      the Company or any Subsidiaries of the Company, or any of them, are in any
      

     

    
      
        
        

      

      
        43

        
          

        

      

      
        
        

      

    

    manner
      directly or contingently obligated; and the maximum principal or face amounts
      of
      the credit in question, outstanding and which can be outstanding, are correctly
      stated, and all Liens of any nature given or agreed to be given as security
      therefor are correctly described or indicated in such Schedule.

     

    Section
      4.16  Permits
      and Licenses.

     

    The
      Company and each Subsidiary of the Company each has all permits, licenses,
      certifications, authorizations and approvals required for it lawfully to own
      and
      operate their respective businesses except those the failure of which to have
      could not reasonably be expected to have a Material Adverse Effect.

     

    Section
      4.17  Compliance
      with Law.

     

    The
      Company and each Subsidiary of the Company are each in compliance with all
      laws,
      rules, regulations, orders and decrees which are applicable to the Company
      or
      any such Subsidiary, or to any of their respective properties, which the failure
      to comply with could, individually or in the aggregate, reasonably be expected
      to have a Material Adverse Effect.

     

    Section
      4.18  Disclosure.

     

    Neither
      this Agreement, any other Loan Document, nor any other document, certificate
      or
      written statement furnished to the Administrative Agent, the Issuing Lender,
      or
      any Lender by or on behalf of the Company or any of its Subsidiaries for use
      in
      connection with the transactions contemplated by this Agreement contains any
      untrue statement of material fact or omits to state a material fact necessary
      in
      order to make the statements contained herein or therein not misleading in
      light
      of the circumstances in which they were made.

     

    Section
      4.19  Labor
      Disputes and Acts of God.

     

    Neither
      the business nor the properties of the Company or any Subsidiary of the Company
      is (i) engaged in any strike, lockout or other labor dispute or (ii) currently
      affected by or subject to any fire, explosion, accident, drought, storm,
      earthquake, embargo, act of God or other casualty (whether or not covered by
      insurance), which could reasonably be expected to have a Material Adverse
      Effect.

     

    ARTICLE
      V.

    CONDITIONS
      OF LENDING

     

    Section
      5.01  Conditions
      to Initial Extension of Credit.

     

    The
      obligation of each Lender to make its initial Loan hereunder, and the obligation
      of the Issuing Lender to issue the initial Letter of Credit, are subject to
      the
      following conditions precedent:

     

    (a)  Notes.
      On or
      prior to the Closing Date, the Administrative Agent shall have received (i)
      for
      the account of each Lender, a Revolving Credit Note (and the 

     

    
      
        
        

      

      
        44

        
          

        

      

      
        
        

      

    

    Administrative
      Agent shall promptly provide such Notes to the Lenders) and (ii) for the account
      of the Swingline Lender, a Swingline Note, each duly executed by the
      Company.

     

    (b)  Reaffirmation
      of Guaranty.
      On or
      prior to the Closing Date, the Administrative Agent shall have received, with
      a
      counterpart for each Lender, a Reaffirmation of Guaranty duly executed by each
      Guarantor that has executed a Guaranty or Reaffirmation of Guaranty in
      connection with the 2004 Credit Agreement or subsequent to the effective date
      of
      the 2004 Credit Agreement, as the case may be.

     

    (c)  Opinion
      of Counsel.
      On or
      prior to the Closing Date, the Administrative Agent shall have received a
      written opinion of Cahill Gordon & Reindel LLP, counsel for the Company and
      the Guarantors, substantially in the form of Exhibit F attached
      hereto.

     

    (d)  Supporting
      Documents.
      On or
      prior to the Closing Date, the Administrative Agent shall have received (i)
      a
      certificate of good standing for the Company and each Guarantor from the
      secretary of state of the states of their organizational jurisdiction dated
      as
      of a recent date; (ii) certified copies of the Certificate of Incorporation
      and
      By-laws or other organization documents, as applicable of the Company and each
      Guarantor; and (iii) a certificate of the Secretary or an Assistant Secretary
      of
      the Company and each Guarantor dated the Closing Date and certifying: (x) that
      neither the Certificates of Incorporation nor the By-laws of the Company or
      of
      any Guarantor has been amended since the date of their certification (or if
      there has been any such amendment, attaching a certified copy thereof); (y)
      that
      attached thereto is a true and complete copy of resolutions adopted by the
      Board
      of Directors of the Company and by the board of directors or other governing
      body or Persons of each Guarantor authorizing the execution, delivery and
      performance of each Loan Document to which it is a party and, with respect
      to
      the Company, the borrowings and other extensions of credit hereunder; and (z)
      the incumbency and specimen signature of each officer of the Company and of
      each
      officer or other authorized Person of each Guarantor executing each Loan
      Document to which the Company or any Guarantor is a party and any certificates
      or instruments furnished pursuant hereto or thereto, and a certification by
      another officer of the Company and each Guarantor as to the incumbency and
      signature of the Secretary or Assistant Secretary of the Company and each
      Guarantor.

     

    (e)  Insurance.
      On or
      prior to the Closing Date, the Administrative Agent shall have received a
      certificate or certificates of insurance from an independent insurance broker
      or
      brokers confirming the insurance required to be maintained pursuant to Section
      6.01 hereof.

     

    (f)  Fees
      and Expenses.
      On or
      prior to the Closing Date, the Lenders shall have received all fees that may
      be
      payable to them pursuant to this Agreement, including the upfront fee referred
      to in Section 3.04(e) hereof, and reimbursement of expenses in accordance with
      Section 10.03(b) hereof.

     

    (g)  No
      Litigation.
      Except
      as set forth in Schedule VI hereto, there shall exist no action, suit,
      investigation, litigation or proceeding affecting the Company or any of its
      Subsidiaries pending or, to the knowledge of the Company, threatened before
      any
      court, governmental agency or arbiter that could reasonably be expected to
      have,
      individually or in the aggregate, a Material Adverse Effect.

     

    
      
        
        

      

      
        45

        
          

        

      

      
        
        

      

    

    

     

    (h)  Consents
      and Approvals.
      Except
      to the extent the failure to obtain any consents or approvals, individually
      or
      in the aggregate, could reasonably be expected to have a Material Adverse
      Effect, all governmental and third party consents and approvals necessary in
      connection with the transactions contemplated by this Agreement and the other
      Loan Documents shall have been obtained (without the imposition of any
      conditions that are not reasonably acceptable to the Required Lenders) and
      shall
      remain in effect, and no law or regulation shall be applicable in the reasonable
      judgment of the Required Lenders that imposes materially adverse conditions
      upon
      the transactions contemplated hereby.

     

    (i)  No
      Material Adverse Changes.
      There
      shall not have occurred any material adverse change in the business, operations,
      properties or condition (financial or otherwise) of the Company or any
      Guarantor, since December 31, 2005.

     

    (j)  Financial
      Statements.
      The
      Lenders shall have received the audited consolidated financial statements of
      the
      Company and its Subsidiaries for the fiscal year ended June 30, 2005; together
      with the management prepared consolidated financial statements of the Company
      and its Subsidiaries for the fiscal quarter and six-month period ended December
      31, 2005.

     

    (k)  Management
      Letters.
      To the
      extent any exist and have not been previously provided to the Administrative
      Agent, the Administrative Agent shall have received a copy of the most recent
      management letter prepared on behalf of the Company by the Auditor, a copy
      of
      which shall be forwarded by the Administrative Agent to each
      Lender.

     

    (l)  Other
      Information, Documentation.
      The
      Administrative Agent and the Lenders shall have received such other and further
      information and documentation as any of them may reasonably require, including,
      but not limited to, any information or documentation relating to compliance
      by
      the Company and each Subsidiary of the Company with the requirements of all
      Environmental Laws.

     

    (m)  Completion
      of Proceedings.
      All
      corporate and other proceedings, and all documents, instruments and other legal
      matters in connection with the transactions contemplated by the Loan Documents,
      shall be reasonably satisfactory in form and substance to the Administrative
      Agent, the Lenders and their counsel.

     

    Section
      5.02  Conditions
      to Extensions of Credit.

     

    The
      obligation of each Lender to make each Loan hereunder and the obligation of
      the
      Issuing Lender to issue, amend, renew or extend any Letter of Credit, including,
      without limitation, the initial Loan and initial Letter of Credit, are further
      subject to the following conditions precedent:

     

    (a)  Representations
      and Warranties.
      The
      representations and warranties by the Company and each Guarantor pursuant to
      this Agreement and the other Loan Documents to which each is a party shall
      be
      true and correct in all material respects on and as of the Borrowing Date or
      the
      date of issuance, amendment, renewal or extension of such Letter of Credit,
      as
      applicable, with the same effect as though such representations and warranties
      had been made on 

     

    
      
        
        

      

      
        46

        
          

        

      

      
        
        

      

    

    and
      as of
      such date unless such representation is as of a specific date, in which case,
      as
      of such date.

     

    (b)  No
      Default.
      No
      Default or Event of Default shall have occurred and be continuing on the
      Borrowing Date or on the date of issuance, amendment, renewal or extension
      of a
      Letter of Credit or will result after giving effect to the Loan requested or
      the
      requested issuance, amendment, renewal or extension of a Letter of
      Credit.

     

    (c)  Letter
      of Credit Documentation.
      With
      respect to the issuance, amendment, renewal or extension of any Letter of
      Credit, the Issuing Lender shall have received the documents and instruments
      requested by the Issuing Lender in accordance with Section 2.03(a)
      hereof.

     

    Each
      borrowing hereunder and each issuance, amendment, renewal or extension of a
      Letter of Credit shall constitute a representation and warranty of the Company
      that the statements contained in clauses (a), (b), and (c) of this Section
      5.02
      are true and correct on and as of the Borrowing Date or as of the date of
      issuance, amendment, renewal or extension of a Letter of Credit, as applicable,
      as though such representation and warranty had been made on and as of such
      date.

     

    ARTICLE
      VI.

    AFFIRMATIVE
      COVENANTS

     

    The
      Company covenants and agrees with the Lenders that so long as the Commitments
      remain in effect, or any of the principal of or interest on the Notes or any
      other Obligations hereunder shall be unpaid it will, and will cause each of
      its
      Domestic and Non-Domestic Subsidiaries, to: 

     

    Section
      6.01  Existence,
      Properties, Insurance.

     

    Do
      or
      cause to be done all things necessary to preserve and keep in full force and
      effect its corporate, partnership or limited liability company, as applicable,
      existence, rights and franchises and comply in all material respects with all
      laws applicable to it; at all times maintain, preserve, protect or renew all
      franchises, trade names, patents, trademarks and service marks and preserve
      all
      of its property, in each case, material to its business and keep the same in
      good repair, working order and condition (normal wear and tear excepted) and
      from time to time make, or cause to be made, all needful and proper repairs,
      renewals, replacements, betterments and improvements thereto so that the
      business carried on in connection therewith may be properly and advantageously
      conducted in the ordinary course at all times in the manner and custom of
      similar businesses; at all times, preserve and maintain in full force and effect
      all governmental rights, privileges, qualifications, permits, licenses and
      franchises necessary for the normal conduct of its business; and at all times
      maintain insurance covering its assets and its businesses with financially
      sound
      and reputable insurance companies or associations in such amounts and against
      such risks (including, without limitation, hazard, business interruption, public
      liability and product liability) as are usually carried by companies engaged
      in
      the same or similar business. Notwithstanding the foregoing to the contrary,
      Excluded Subsidiaries shall not be subject to the restrictions set forth in
      this
      Section 6.01 to the extent that the Company intends 

     

    
      
        
        

      

      
        47

        
          

        

      

      
        
        

      

    

    to
      dissolve, wind-up, liquidate or otherwise terminate the existence of such
      Excluded Subsidiaries, which actions would otherwise be in violation of this
      Section 6.01.

     

    Section
      6.02  Payment
      of Indebtedness and Taxes.

     

    (a)  Pay
      all
      indebtedness and obligations, now existing or hereafter arising, as and when
      due
      and payable and (b) pay and discharge or cause to be paid and discharged
      promptly all taxes, assessments and government charges or levies imposed upon
      it
      or upon its income and profits, or upon any of its property, real, personal
      or
      mixed, or upon any part thereof, as and when due and payable, as well as all
      lawful claims for labor, materials and supplies or otherwise which, if unpaid,
      might become a lien or charge upon such properties or any part thereof;
provided,
      however,
      that
      neither the Company nor any Subsidiary of the Company shall be required to
      pay
      and discharge or cause to be paid and discharged any such tax, assessment,
      charge, levy or claim so long as the validity thereof shall be contested in
      good
      faith by appropriate proceedings, and the Company or such Subsidiary, as the
      case may be, shall have set aside on its books adequate reserves determined
      in
      accordance with Generally Accepted Accounting Principles with respect to any
      such tax, assessment, charge, levy or claim so contested; further, provided
      that,
      subject to the foregoing proviso, the Company and each Subsidiary of the Company
      will pay or cause to be paid all such taxes, assessments, charges, levies or
      claims upon the commencement of proceedings to foreclose any lien which has
      attached as security therefor.

     

    Section
      6.03  Financial
      Statements, Reports, etc.

     

    Furnish
      to the Administrative Agent (with sufficient copies for each Lender, and the
      Administrative Agent shall promptly furnish a copy thereof to each
      Lender):

     

    (a)  as
      soon
      as available and in any event within ninety (90) days of the end of the fiscal
      year of the Company, the audited consolidated financial statements of the
      Company and its Subsidiaries which shall include the consolidated balance sheet
      of the Company and its Subsidiaries as of the end of such fiscal year, together
      with the consolidated statement of income and statement of cash flows for the
      Company and its Subsidiaries for such fiscal year and as of the end of and
      for
      the prior fiscal year, all prepared in accordance with Generally Accepted
      Accounting Principles and accompanied by an opinion thereon of Ernst & Young
      LLP or other nationally recognized independent certified public accountants
      reasonably acceptable to the Lenders (the “Auditor”) which opinion shall not
      include a going concern explanatory paragraph, a qualification as to Generally
      Accepted Accounting Principles or like qualification or exception or a
      qualification or exception as to the scope of the audit, together with a report
      of the Chief Financial Officer of the Company setting forth with respect to
      each
      brand of the Company and its Subsidiaries, the gross revenue and Net Direct
      Contributions, in form and substance satisfactory to the Lenders;

     

    (b)  as
      soon
      as available and in any event within forty-five (45) days after the end of
      each
      of the first, second and third fiscal quarters of the Company, the unaudited
      consolidated financial statements of the Company and its Subsidiaries, which
      shall include the unaudited consolidated balance sheet of the Company and its
      Subsidiaries as of the end of each such quarter, together with the consolidated
      statement of income and statement of cash flows of 

     

    
      
        
        

      

      
        48

        
          

        

      

      
        
        

      

    

    the
      Company and its Subsidiaries for each such quarter and for the period commencing
      at the end of the previous fiscal year and ending with the end of such quarter,
      all in reasonable detail stating in comparative form the respective figures
      for
      the corresponding date and period in the previous fiscal year, all prepared
      by
      or under the supervision of the Chief Financial Officer of the Company in
      accordance with Generally Accepted Accounting Principles (subject to year-end
      adjustments and except for the absence of notes thereto), and, commencing with
      the period ending June 30, 2006 and each quarter thereafter, a report of the
      Chief Financial Officer of the Company setting forth with respect to each brand
      of the Company and its Subsidiaries, the gross revenue and Net Direct
      Contributions, in form and substance satisfactory to the Lenders;

     

    (c)  a
      certificate prepared and signed by the Auditor with each delivery required
      by
      clause (a) and a certificate prepared and signed by the Chief Financial Officer
      with each delivery required by clause (a) and (b), stating whether the Auditor
      or Chief Financial Officer, as the case may be, shall have obtained knowledge
      of
      any Default or Event of Default, together with a certificate of the Chief
      Financial Officer of the Company demonstrating that as of the last day of the
      relevant fiscal year or quarter, as applicable, the Company was in compliance
      with the financial condition covenants set forth in Section 7.13
      hereof;

     

    (d)  at
      all
      times indicated in clause (a) above, copies of the Company’s annual financial
      projections, on a quarterly basis with respect to the next succeeding fiscal
      year, in reasonable detail and in form and substance reasonably satisfactory
      to
      the Required Lenders (it being recognized by the Administrative Agent and the
      Lenders that future results included in such projections shall not be viewed
      as
      facts and that actual results may differ from projected results);

     

    (e)  promptly
      after filing thereof, copies of all financial statements and reports that the
      Company sends to its shareholders, and copies of all regular, periodic and
      special financial information, proxy materials, reports and other information
      which the Company or any Guarantor shall file with the Securities and Exchange
      Commission;

     

    (f)  promptly
      after submission to any government or regulatory agency, all documents and
      information furnished to such government or regulatory agency other than such
      documents and information prepared in the normal course of business and which
      could not reasonably be expected to result in a Material Adverse Effect;
      and

     

    (g)  promptly,
      from time to time, such other information regarding the operations, business
      affairs and condition (financial or otherwise) of the Company or any Subsidiary
      of the Company as any Lender may reasonably request.

     

    Section
      6.04  Books
      and Records; Access to Premises.

     

    (a)  Maintain
      adequate records and proper books of record and account in which full, true
      and
      correct entries will be made in a manner to enable the preparation of financial
      statements in accordance with Generally Accepted Accounting Principles, and
      which shall reflect all financial transactions of the Company and each of its
      Subsidiaries and matters involving the assets and business of the Company and
      such Subsidiaries.

     

    
      
        
        

      

      
        49

        
          

        

      

      
        
        

      

    

    

     

    (b)  At
      any
      time and from time to time during normal business hours (and provided
      that no
      Default or Event of Default has occurred and is continuing upon reasonable
      prior
      notice) permit any Lender or any agents or representatives thereof to examine
      and make abstracts from the books and records of such information which such
      Lender deems is necessary or desirable (including, without limitation, the
      financial records of the Company and its Subsidiaries, but excluding information
      governed by a written confidentiality agreement which prohibits such access),
      and to visit the properties of the Company or any of its Subsidiaries and to
      discuss the affairs, finances and accounts of the Company or any of its
      Subsidiaries with any of their respective executive officers or the Company’s
      independent accountants.Notice
      of
      Adverse Change.

     

    Section
      6.05  Notice
      of Adverse Change.

     

    Promptly
      notify the Administrative Agent (and the Administrative Agent shall promptly
      notify each Lender) in writing of (a) any change in the business or the
      operations of the Company or its Subsidiaries which could reasonably be expected
      to have a Material Adverse Effect, and (b) any information which indicates
      that
      any financial statements which are the subject of any representation contained
      in this Agreement, or which are furnished to the Administrative Agent or the
      Lenders pursuant to this Agreement, fail to present fairly, as of the date
      thereof and for the period covered thereby, the financial condition and results
      of operations purported to be presented therein, disclosing the nature
      thereof.

     

    Section
      6.06  Notice
      of Default.

     

    Promptly
      notify the Administrative Agent (and the Administrative Agent shall promptly
      notify each Lender) of any Default or Event of Default which shall have occurred
      or the occurrence or existence of any event or circumstance that in the
      reasonable judgment of the Company is likely to become a Default or Event of
      Default, which notice shall include a written statement as to such occurrence,
      specifying the nature thereof and the action (if any) which is proposed to
      be
      taken with respect thereto.

     

    Section
      6.07  Notice
      of Litigation.

     

    Promptly
      notify the Administrative Agent (and the Administrative Agent shall promptly
      notify each Lender) of any action, suit or proceeding at law or in equity or
      by
      or before any governmental instrumentality or other agency which could
      reasonably be expected to have a Material Adverse Effect.

     

    Section
      6.08  Notice
      of Default in Other Agreements.

     

    Promptly
      notify the Administrative Agent (and the Administrative Agent shall promptly
      notify each Lender) of any default in the performance, observance or fulfillment
      of any of the obligations, covenants or conditions contained in any agreement
      or
      instrument to which the Company or any Subsidiary of the Company is a party
      which default could reasonably be expected to have a Material Adverse
      Effect.

     

    Section
      6.09  Notice
      of ERISA Event.

     

    Promptly
      after the Company or any Guarantor knows any of the following, deliver to the
      Administrative Agent a certificate of the Chief Financial Officer of the Company
      setting forth details as to the occurrence and the action, if any, which the
      Company, such Guarantor or any ERISA Affiliate is required or proposes to take,
      together with any notices required or proposed to be given to or filed with
      or
      by the Company, such Guarantor, such ERISA Affiliate, the PBGC, a Plan
      participant or the Plan administrator, with respect thereto; that a Reportable
      Event has occurred with respect to a Plan, that an accumulated funding
      deficiency (as defined in Section 412 of the Code) has been incurred or an
      application may be or has been made to the Secretary of the Treasury for a
      waiver or modification of the minimum funding standard (including any required
      installment payments) or an extension of any amortization period under Section
      412 of the Code with respect to a Plan that is a Single Employer Plan (within
      the 

     

    
      
        
        

      

      
        50

        
          

        

      

      
        
        

      

    

    meaning
      of Section 4001(a)(15) of ERISA), that a Plan has been terminated, reorganized,
      partitioned or declared insolvent under Title IV of ERISA, that one or more
      Plans that are Single Employer Plans (within the meaning of Section 400l(a)(15)
      of ERISA) have an Unfunded Current Liability, that proceedings may be or have
      been instituted to terminate a Plan, that a proceeding has been instituted
      pursuant to Section 515 of ERISA to collect a delinquent contribution to a
      Plan,
      or that the Company, any Guarantor or any ERISA Affiliate will incur any
      liability (including any contingent or secondary liability) to or on account
      of
      the termination of or withdrawal from a Plan under Section 4062, 4063, 4064,
      4201 or 4204 of ERISA. Upon request of any Lender, the Company will deliver
      to
      each Lender a complete copy of the annual report (Form 5500) of each Plan that
      is a Single Employer Plan (within the meaning of Section 4001(a)(15) of ERISA),
      filed with the Internal Revenue Service. In addition to any certificates or
      notices delivered to each Lender pursuant to the first sentence hereof, copies
      of any other notices received by the Company or any Guarantor required to be
      delivered to each Lender hereunder shall be delivered to each Lender no later
      than ten days after the later of the date such report or notice has been filed
      with the Internal Revenue Service or the PBGC, given to Plan participants or
      received by the Company or any Guarantor.

     

    Section
      6.10  Notice
      of Environmental Law Violations.

     

    Promptly
      notify the Administrative Agent of the receipt of any notice of an action,
      suit,
      or proceeding before any court or governmental department, commission, board,
      bureau, agency or instrumentality, domestic or foreign, pending against the
      Company or any Subsidiary of the Company relating to any alleged violation
      of
      any Environmental Law which could reasonably be expected to have a Material
      Adverse Effect.

     

    Section
      6.11  Compliance
      with Applicable Laws.

     

    Comply
      with the requirements of all applicable laws, rules, regulations and orders
      of
      any Governmental Authority, the breach of which could reasonably be expected
      to
      have a Material Adverse Effect, including, without limitation, the rules and
      regulations of the Board of Governors of the Federal Reserve System and the
      Federal Deposit Insurance Corporation.

     

    Section
      6.12  Additional
      Subsidiaries.

     

    Give
      the
      Administrative Agent prompt written notice of the creation, establishment or
      acquisition, in any manner, of any Subsidiary of the Company not existing on
      the
      Closing Date or of the fact that a Subsidiary has ceased to be an Excluded
      Subsidiary. The Company or a Domestic Subsidiary, as appropriate shall cause
      each Subsidiary of such Person which is a Domestic Subsidiary and which is
      neither a Subsidiary that is not a Guarantor on the Closing Date nor an Excluded
      Subsidiary to execute a Guaranty, in the form of Exhibit C hereto within fifteen
      (15) Business Days after the creation, establishment or acquisition of such
      Subsidiary or of the date such Subsidiary ceases to be an Excluded Subsidiary
      and in connection therewith shall deliver or cause to be delivered such proof
      of
      corporate action, incumbency of officers, opinions of counsel and other
      documents as are consistent with those delivered as to each Subsidiary pursuant
      to Section 5.01 hereof on the Closing Date, or as the Administrative Agent
      may
      request, each in form and substance satisfactory to the Administrative
      Agent.

     

    
      
        
        

      

      
        51

        
          

        

      

      
        
        

      

    

    

     

    Section
      6.13  Environmental
      Laws.

     

    Comply
      in
      all material respects with the requirements of all applicable Environmental
      Laws, provide to the Lenders all documentation in connection with such
      compliance that any of the Lenders may reasonably request, and defend,
      indemnify, and hold harmless the Administrative Agent and each Lender and their
      respective employees, agents, officers, and directors, from and against any
      claims, demands, penalties, fines, liabilities, settlements, damages, costs,
      or
      expenses of whatever kind or nature, known or unknown, contingent or otherwise,
      arising out of, or in any way related to, (a) the presence, disposal, or release
      of any Hazardous Materials on any property at any time owned or occupied by
      the
      Company or any Subsidiary of the Company, (b) any personal injury (including
      wrongful death) or property damage (real or personal) arising out of or related
      to such Hazardous Materials, (c) any lawsuit brought or threatened, settlement
      reached, or government order relating to such Hazardous Materials, and/or (d)
      any violation of applicable Environmental Laws, including, without limitation,
      reasonable attorney and consultant fees, investigation and laboratory fees,
      court costs, and litigation expenses.

     

    Section
      6.14  Management
      Letters.

     

    Deliver
      to the Administrative Agent (and the Administrative Agent shall promptly deliver
      a copy to each Lender), as soon as available, but in any event within seven
      (7)
      Business Days of any such letter being issued, a copy of the management letter
      addressed to the Company by the Auditor.

     

    ARTICLE
      VII.

    NEGATIVE
      COVENANTS

     

    The
      Company covenants and agrees with the Lenders that so long as the Commitments
      remain in effect or any of the principal of or interest on any Note or any
      other
      Obligations hereunder shall be unpaid, it will not, and will not cause or permit
      any of its Domestic Subsidiaries or Non-Domestic Subsidiaries, directly or
      indirectly, to:

     

    Section
      7.01  Indebtedness.

     

    Incur,
      create, assume or suffer to exist or otherwise become liable in respect of
      any
      Indebtedness, other than:

     

    (a)  Indebtedness
      incurred prior to the date hereof as described in Schedule III attached hereto
      (which is not described in Section 7.01(b) through Section 7.01(k) hereof),
      but
      not including any renewals or extensions thereof, and the Private Placement
      Notes;

     

    (b)  Indebtedness
      to the Lenders under this Agreement, the Notes or any other Loan
      Document;

     

    (c)  Indebtedness
      for trade payables incurred in the ordinary course of business provided
      such
      payables shall be paid or discharged in conformity with customary practice
      in
      the trade, consistent with past practice;

     

    
      
        
        

      

      
        52

        
          

        

      

      
        
        

      

    

    

     

    (d)  Indebtedness
      consisting of guarantees permitted pursuant to Section 7.03 hereof;

     

    (e)  subject
      to Section 7.06 hereof, Subordinated Indebtedness incurred in connection with
      Acceptable Acquisitions; provided,
      however,
      that no
      Default or Event of Default shall have occurred and be continuing at the time
      of
      incurrence thereof or would occur after giving effect to the incurrence of
      such
      Subordinated Indebtedness;

     

    (f)  Indebtedness
      secured by purchase money liens as permitted under Section 7.02(h) hereof or
      by
      mortgages on the real property of the Company or any of its Subsidiaries, and
      Indebtedness arising under Capital Leases; provided,
      that
      the aggregate amount of such Indebtedness at no time shall exceed 10% of the
      Company’s Consolidated Net Worth, determined as of the end of the most recently
      completed fiscal quarter of the Company, in accordance with Generally Acceptable
      Accounting Principles; and provided,
      further, that no Default or Event of Default shall have occurred and be
      continuing or would occur after giving effect to the incurrence of such
      Indebtedness;

     

    (g)  Indebtedness
      with respect to Hedging Agreements entered into by the Company, provided
      that
      such Hedging Agreements shall be entered into in the ordinary course of its
      business with respect to its business needs and not for speculative
      purposes;

     

    (h)  Indebtedness
      arising under or with respect to foreign exchange contracts entered into by
      the
      Company for the purchase or sale of foreign currency for the account of the
      Company or the Guarantors, provided
      that
      such foreign exchange contracts shall be entered into in the ordinary course
      of
      its business with respect to its business needs and not for speculative
      purposes;

     

    (i)  Indebtedness
      for taxes, assessments or other governmental charges or levies not yet
      delinquent or which are being contested in good faith by appropriate
      proceedings; provided,
      however,
      that
      adequate reserves with respect thereto are maintained on the books of the
      Company or any Subsidiary of the Company in accordance with Generally Accepted
      Accounting Principles;

     

    (j)  Indebtedness
      owing by (i) the Company to any Subsidiary of the Company or (ii) any Subsidiary
      of the Company to the Company or any other Subsidiary, to the extent that such
      Indebtedness is otherwise permitted pursuant to the terms and conditions of
      this
      Agreement; and

     

    (k)  Indebtedness
      not otherwise provided for in Section 7.01(a) through 7.01(j) hereof in an
      aggregate amount not to exceed 5% of the Company’s Consolidated Net Worth,
      determined as of the end of the most recently completed fiscal quarter of the
      Company in accordance with Generally Acceptable Accounting Principles, at any
      time outstanding.

     

    
      
        
        

      

      
        53

        
          

        

      

      
        
        

      

    

    

     

    Section
      7.02  Liens.

     

    Incur,
      create, make, assume or suffer to exist any Lien on any of their respective
      assets now or hereafter owned, other than:

     

    (a)  Liens
      existing on the date hereof as set forth on Schedule II attached hereto (which
      are not described in Section 7.02(b) through 7.02(k) hereof), but not including
      any renewals or extensions thereof;

     

    (b)  Liens
      securing Indebtedness described in Section 7.01(i) hereof, provided
      that no
      notice of lien has been filed or recorded under the Code;

     

    (c)  carriers’,
      warehousemen’s, mechanics’, suppliers’ or other like Liens arising in the
      ordinary course of business and not overdue for a period of more than thirty
      (30) days or which are being contested in good faith and by appropriate
      proceedings, which proceedings have the effect of preventing the forfeiture
      or
      sale of the property subject thereto;

     

    (d)  Liens
      incurred or deposits to secure (i) the non-delinquent performance of tenders,
      bids, trade contracts (other than for borrowed money), leases, statutory
      obligations, (ii) contingent obligations on surety, performance and appeal
      bonds, and (iii) other non-delinquent obligations of similar nature; in each
      case, incurred in the ordinary course of business;

     

    (e)  any
      attachment, judgment or similar Lien arising in connection with any court or
      governmental proceeding provided
      that the
      execution or other enforcement of such Lien is effectively stayed within thirty
      (30) days after the entry thereof;

     

    (f)  easements,
      rights of way, restrictions and other similar charges or encumbrances incurred
      in the ordinary course of business which, in the aggregate, do not interfere
      in
      any material respect with the occupation, use and enjoyment by the Company
      or
      any Subsidiary of the Company of the property or assets encumbered thereby
      in
      the normal course of their respective business or materially impair the value
      of
      the property subject thereto;

     

    (g)  deposits
      or pledges required in the ordinary course of business in connection with
      workmen’s compensation, unemployment insurance and other social security
      laws;

     

    (h)  purchase
      money Liens for fixed or capital assets acquired or held by the Company or
      its
      Subsidiaries in the ordinary course of business, securing Indebtedness permitted
      pursuant to Section 7.01(f) hereof; provided
      in each
      case (i) no Default or Event of Default shall have occurred and be continuing
      at
      the time such Lien is created or shall occur after giving effect to such Lien,
      (ii) such purchase money lien does not exceed 100% of the purchase price of,
      and
      encumbers only, the property acquired, and (iii) such purchase money Lien does
      not secure any Indebtedness other than in respect of the purchase price of
      the
      asset acquired;

     

    (i)  Liens
      in
      favor of banks or other depository institutions upon property or assets of
      the
      Company or any of its Subsidiaries arising under the common law or pursuant
      to
      contractual rights of set off; 

     

    
      
        
        

      

      
        54

        
          

        

      

      
        
        

      

    

    

     

    (j)  Liens
      on
      real property of the Company or any of its Subsidiaries securing Indebtedness
      permitted by Section 7.01(f) hereof, provided
      the Lien
      is specifically limited to such real property; and

     

    (k) Liens
      securing the Indebtedness permitted by Section 7.01(k) hereof, provided
      such
      liens secure only such Indebtedness.

     

    Section
      7.03  Guaranties.

     

    Guarantee,
      endorse, become surety for, or otherwise in any way become or be responsible
      for
      the Indebtedness or obligations of any Person, whether by agreement to maintain
      working capital or equity capital or otherwise maintain the net worth or
      solvency of any Person or by agreement to purchase the Indebtedness of any
      other
      Person, or agreement for the furnishing of funds, directly or indirectly,
      through the purchase of goods, supplies or services for the purpose of
      discharging the Indebtedness of any other Person or otherwise, or enter into
      or
      be a party to any contract for the purchase of merchandise, materials, supplies
      or other property if such contract provides that payment for such merchandise,
      materials, supplies or other property shall be made regardless of whether
      delivery of such merchandise, supplies or other property is ever made or
      tendered except:

     

    (a)  guaranties
      executed prior to the date hereof as described on Schedule IV attached hereto
      (which are not described in Sections 7.03(b) through 7.03(d) hereof), but not
      including any renewals or extensions thereof;

     

    (b)  endorsements
      of negotiable instruments for collection or deposit in the ordinary course
      of
      business;

     

    (c)  guaranties
      of any Indebtedness under this Agreement or any other Loan Document;
      and

     

    (d)  guaranties
      by the Company of any Indebtedness permitted pursuant to Section 7.01 hereof
      of
      any Subsidiary of the Company or guaranties by any Subsidiary of the Company
      of
      such Indebtedness of the Company or any other Subsidiary of the
      Company

     

    Section
      7.04  Sale
      of Assets.

     

    Sell,
      lease, assign, transfer or otherwise dispose of their now owned or hereafter
      acquired respective properties and assets, whether or not pursuant to an order
      of a federal agency or commission, except for (a) the sale of inventory disposed
      of in the ordinary course of business, (b) the sale or other disposition of
      properties or assets no longer used or useful in the conduct of their respective
      businesses, (c) the transfer of Intellectual Property to an IP Subsidiary,
      (d) a
      transfer from the Company or any direct or indirect wholly-owned Guarantor
      to
      the Company or another direct or indirect wholly-owned Guarantor, (e) an
      arrangement, directly or indirectly, with any Person whereby it shall sell
      or
      transfer any property, whether real or personal, used or useful in its business,
      whether now owned or hereafter acquired, if at the time of such sale or
      disposition it intends to lease or otherwise acquire the right to use or possess
      (except by purchase) such property or like property for a substantially similar
      purpose, or (f) the sale or disposition of assets in arms length transactions;
      provided
      that the
      net book value of all assets 

     

    
      
        
        

      

      
        55

        
          

        

      

      
        
        

      

    

    sold
      or
      otherwise disposed of in all such transactions after the Closing Date pursuant
      to subsections (b) through (f) of this Section 7.04 shall not exceed at any
      time
      an aggregate amount equal to 25% of the Company’s Consolidated Assets,
      determined as of the end of the most recently completed fiscal quarter of the
      Company prior to such asset sale.

     

    Section
      7.05  Sales
      of Receivables.

     

    Sell,
      transfer, discount or otherwise dispose of notes, accounts receivable or other
      obligations owing to the Company or any Subsidiary of the Company, with or
      without recourse, except for collection in the ordinary course of
      business.

     

    Section
      7.06  Loans
      and Investments.

     

     

    Make
      or
      commit to make any advance, loan, extension of credit, or capital contribution
      to, or purchase or hold beneficially any stock or other securities, or evidence
      of Indebtedness of, purchase or acquire all or a substantial part of the assets
      of, make or permit to exist any interest whatsoever in, any other Person except
      for (a) the ownership of stock of any Subsidiary existing as of the Closing
      Date
      or acquired after the date hereof pursuant to an Acceptable Acquisition,
provided
      that the
      Company has complied with its obligations under Section 6.12 hereof; (b) loans
      to directors and employees of the Company or of any of its Subsidiaries in
      an
      amount not to exceed $5,000,000 in the aggregate at any time outstanding; (c)
      Eligible Investments; (d) loans and advances by the Company to any Subsidiary
      of
      the Company and loans and advances by any Subsidiary of the Company to the
      Company or any other Subsidiary of the Company; (e) trade credit to customers,
      provided
      that
      such credit is extended in the ordinary course of the business of the Company
      or
      such Subsidiary; (f) investments in joint ventures in an aggregate amount not
      to
      exceed 5% of the Company’s Consolidated Assets at any time during the term of
      this Agreement, determined as of the end of the most recently completed fiscal
      quarter of the Company (excluding any amounts that are the result of equity
      growth resulting from the increased earnings or other increase in value of
      the
      joint venture or of the entity in which such investment was made), provided,
      (A) the
      documentation governing any such joint venture does not contain restrictions
      on
      distributions or dividends to the Company and (B) any such joint venture is
      engaged in the same or a related line of business conducted by the Company
      (or
      the manufacturing of products used in such business); (g) Acceptable
      Acquisitions and (h) the acquisition of 1,326,938 ordinary shares of YHS on
      September 6, 2005, and the acquisition of additional shares of YHS for
      consideration not to exceed $6 million, all pursuant to the terms of the
      Subscription Agreement, dated August 3, 2005, between YHS and the Company,
      and
      any additional shares of YHS issued pursuant to any stock split, stock dividend,
      recapitalization or other similar transaction.

     

    
      
        
        

      

      
        56

        
          

        

      

      
        
        

      

    

     

    

     

    Section
      7.07  Nature
      of Business.

     

    Change
      or
      alter, in any material respect, the nature of its business from the nature
      of
      the business engaged in by it on the date hereof (or reasonable extension
      thereof).

     

    Section
      7.08  Reserved.

     

    Section
      7.09  Federal
      Reserve Regulations.

     

    Permit
      any Loan or the proceeds of any Loan or any other extension of credit hereunder
      to be used for any purpose which violates or is inconsistent with the provisions
      of Regulation T, U or X of the Board of Governors of the Federal Reserve
      System.

     

    Section
      7.10  Accounting
      Policies and Procedures.

     

    Permit
      any change in the accounting policies and procedures of the Company or any
      of
      its Subsidiaries, including a change in fiscal year without the prior written
      consent of the Administrative Agent, at its sole discretion; provided,
      however,
      that
      any policy or procedure required to be changed by the Financial Accounting
      Standards Board (or other board or committee thereof) or the SEC in order to
      comply with Generally Accepted Accounting Principles may be so
      changed.

     

    Section
      7.11  Hazardous
      Materials.

     

    Cause
      or
      permit any of its properties or assets to be used to generate, manufacture,
      refine, transport, treat, store, handle, dispose of, transfer, produce or
      process Hazardous Materials, except in compliance with all applicable federal,
      state and local laws or regulations, or cause or permit, as a result of any
      intentional or negligent act or omission on the part of the Company or any
      of
      its Subsidiaries, a release of Hazardous Materials onto such property or asset
      or onto any other property, except in compliance with such laws and
      regulations.

     

    Section
      7.12  Limitations
      on Fundamental Changes, Limitations on Consideration.

     

    Except
      for Acceptable Acquisitions, and except as permitted by Section 7.04 hereof,
      merge or consolidate with, or sell, assign, lease or otherwise dispose of
      (whether in one transaction or in a series of transactions) all or substantially
      all of its assets (whether now or hereafter acquired) to, any Person, or, except
      with respect to an Acceptable Acquisition, acquire all of the stock or all
      or
      substantially all of the assets or the business of any Person or liquidate,
      wind
      up or dissolve or suffer any liquidation or dissolution. Notwithstanding the
      foregoing, (a) any Subsidiary of the Company may merge with and into the Company
      or any Domestic Subsidiary, (b) any Non-Domestic Subsidiary may merge with
      and
      into another Non-Domestic Subsidiary, and (c) the Company may merge with and
      into a Domestic Subsidiary in order to effect a change of the state of
      incorporation of the Company, provided
      that in
      each of the above (i) the Company shall notify the Administrative Agent not
      less
      than ten (10) Business Days prior to such event and (ii) the surviving entity
      shall, if applicable, assume the obligations of the merged entity pursuant
      to
      this Agreement or any of the other Loan Documents and shall execute such
      documents and agreements as may be reasonably required by the Administrative
      Agent.

     

    
      
        
        

      

      
        57

        
          

        

      

      
        
        

      

    

    

     

    Section
      7.13  Financial
      Condition Covenants.

     

    (a)  Consolidated
      Total Funded Debt to Consolidated EBITDA.
      Permit
      the ratio of Consolidated Total Funded Debt to Consolidated EBITDA to be greater
      than 3.50:1.00, determined quarterly with respect to the most recently concluded
      four fiscal quarters for which financial statements have been delivered in
      accordance with Section 6.03 hereof, provided,
      however,
      that
      the
      ratio of Consolidated Total Funded Debt to Consolidated EBITDA may exceed 3.5
      to
      1.00 at any time during a Transition Period if such ratio of Consolidated Total
      Funded Debt to Consolidated EBITDA exceeded 3.5 to 1.00 as a direct result
      of
      the Company or any Subsidiary of the Company creating, assuming, incurring,
      guaranteeing or otherwise becoming liable in respect of Acquisition Debt so
      long
      as the ratio of Consolidated Total Funded Debt to Consolidated EBITDA at all
      times during such Transition Period shall not exceed 4.0 to 1.00.

     

    (b)  Interest
      Coverage Ratio.
      Permit
      the ratio of Consolidated EBITDA minus (i) Consolidated Maintenance Capital
      Expenditures and (ii) cash taxes paid to Consolidated Interest Expense to be
      less than 4.00:1.00, determined quarterly with respect to the most recently
      concluded four fiscal quarters for which financial statements have been
      delivered in accordance with Section 6.03 hereof.

     

    Section
      7.14  Subordinated
      Debt.

     

    (a)
      Directly or indirectly prepay, defease, purchase, redeem, or otherwise acquire
      any Subordinated Debt or (b) amend, supplement or otherwise modify any of the
      subordinated terms thereof in any way which would materially affect the
      interests of the Lenders, without the prior written consent of the Required
      Lenders.

     

    Section
      7.15  Dividends.

     

    After
      the
      Closing Date, declare any 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 shares of any class of
      stock
      of the Company whether now or hereafter outstanding, or make any other
      distribution in respect thereof, either directly or indirectly, whether in
      cash,
      securities or property or in obligations of the Company or in any combination
      thereof, except (a) dividends paid by a Guarantor to the Company, and (b) so
      long as no Default or Event of Default has occurred or is continuing or would
      result from the payment thereof, dividends or similar payments in respect of
      any
      shares of the Company’s capital stock, such that both before and after giving
      effect thereto, the Company’s Consolidated Net Worth would exceed the sum of (i)
      the Consolidated Net Worth of the Company as of December 31, 2005, minus (ii)
      $50,000,000, plus (iii) 25% of aggregate cumulative Consolidated Net Income
      (Net
      Loss) for the period commencing on January 1, 2006 through the date of such
      payment. Notwithstanding
      the foregoing, the Company shall not be deemed to be in default of its
      obligations under this Section 7.15 if, as a result of suffering a net loss
      in
      any fiscal period, dividends paid prior to the incurring of such loss would
      then
      (as a result of such loss) exceed the amount permitted to be paid
      hereunder.

     

    Notwithstanding
      anything to the contrary, so long as no Default or Event of Default has occurred
      and is then continuing or would occur by reason of non-compliance with Section
      7.13 

     

    
      
        
        

      

      
        58

        
          

        

      

      
        
        

      

    

    hereof
      as
      a result thereof, the Company may repurchase, from time to time, those shares
      of
      stock of the Company sold by the Company to YHS and YHSM, including all shares
      of stock of the Company sold in connection with the exercise by YHS and YHSM
      of
      the option for additional shares of stock of the Company, all as set forth
      in
      the Securities Purchase Agreement and the Investor’s Agreement (collectively,
      the “Company Shares”). For purposes of calculating compliance with the first
      sentence of this Section 7.15, such repurchase of Company Shares shall be
      disregarded.

     

    Section
      7.16  Transactions
      with Affiliates.

     

    Enter
      into any transaction, including, without limitation, the purchase, sale, or
      exchange of property or the rendering of any service, with any Affiliate, except
      (i) in the ordinary course of and pursuant to the reasonable requirements of
      the
      Company’s or any of its Subsidiaries’ business (including reasonable and
      customary fees paid to officers and directors, employees or consultants of
      the
      Company or any Subsidiary or their respective affiliates for services rendered
      thereto consistent with past practices) and upon fair and reasonable terms
      no
      less favorable to the Company or such Subsidiary than they would obtain in
      a
      comparable arms-length transaction with a Person not an Affiliate, (ii) under
      written arrangements in existence as of the date of this Agreement and described
      on Schedule VIII attached hereto or as otherwise described on such Schedule
      VIII, (iii) transactions exclusively between or among the Company and any direct
      or indirect wholly-owned Guarantor or exclusively between or among such direct
      or indirect wholly-owned Guarantors (which shall include any transactions
      between the Company or any Guarantor and Hain Pure Protein Corporation,
      notwithstanding anything contained herein to the contrary), provided,
      such
      transactions are not otherwise prohibited by this Agreement, or (iv)
      transactions pursuant to Section 7.04(c) and (d) hereof.

     

    Section
      7.17  Negative
      Pledge.

     

    Enter
      into any agreement, arrangement or understanding with any Person (other than
      the
      Lenders pursuant to this Agreement or any of the other Loan Documents) which
      prohibits or limits the ability of the Company or any of its Subsidiaries to
      create, incur, assume or suffer to exist any Lien upon its property, assets
      or
      revenues, whether now owned or hereafter acquired (except insofar as the note
      purchase agreement in respect of the Private Placement Notes contains such
      prohibitions).

     

    ARTICLE
      VIII.

    EVENTS
      OF DEFAULT

     

    Section
      8.01  Events
      of Default.

     

    In
      the
      case of the happening of any of the following events (each an “Event of
      Default”):

     

    (a)  failure
      to pay (i) the principal of any Loan as and when due and payable or (ii)
      interest on any Loan, any reimbursement obligations with respect to a drawing
      under any Letter of Credit, or any fees under this Agreement, as and when due
      and payable and, in the case of this subclause (ii) only, such failure shall
      continue unremedied for a period of three (3) Business Days;

     

    
      
        
        

      

      
        59

        
          

        

      

      
        
        

      

    

    

     

    (b)  any
      representation or warranty made or deemed made in this Agreement or any other
      Loan Document shall prove to be false or misleading in any material respect
      when
      made or given or when deemed made or given;

     

    (c)  any
      report, certificate, financial statement or other instrument furnished in
      connection with this Agreement or any other Loan Document or the extensions
      of
      credit hereunder, shall prove to be false or misleading in any material respect
      when made or given or when deemed made or given;

     

    (d)  default
      shall be made in the due observance or performance (beyond any applicable grace
      periods, if any) of any covenant, condition or agreement of the Company or
      any
      Subsidiary of the Company to be performed (i) pursuant to Article 6 of this
      Agreement (other than Section 6.03 and Section 6.04(b) thereof) and, in the
      case
      of this subclause (i) only, such default shall continue unremedied for a period
      of thirty (30) consecutive days or (ii) pursuant to any other provision of
      this
      Agreement or any other Loan Document;

     

    (e)  default
      in the performance or compliance in respect of any agreement or condition
      relating to any Indebtedness of the Company or any Guarantor in excess of
      $7,000,000 individually or in the aggregate (other than the Notes), if the
      effect of such default is to accelerate the maturity of such Indebtedness or
      to
      permit the holder or obligee thereof (or a trustee on behalf of such holder
      or
      obligee) to cause such Indebtedness to become due prior to the stated maturity
      thereof, or, any such Indebtedness shall not be paid when due (beyond any
      applicable grace period);

     

    (f)  the
      Company or any Subsidiary of the Company shall (i) voluntarily commence any
      proceeding or file any petition seeking relief under Title 11 of the United
      States Code or any other federal or state bankruptcy, insolvency or similar
      law,
      (ii) consent to the institution of, or fail to controvert in a timely and
      appropriate manner, any such proceeding or the filing of any such petition,
      (iii) apply for or consent to the employment of a receiver, trustee, custodian,
      sequestrator or similar official for the Company or any Subsidiary of the
      Company or for a substantial part of its property; (iv) file an answer admitting
      the material allegations of a petition filed against it in such proceeding,
      (v)
      make a general assignment for the benefit of creditors, or (vi) take corporate
      action for the purpose of effecting any of the foregoing; or the Company, or
      any
      Subsidiary of the Company, becomes unable or admits in writing its inability
      or
      fails generally to pay its debts as they become due;

     

    (g)  an
      involuntary proceeding shall be commenced or an involuntary petition shall
      be
      filed in a court of competent jurisdiction seeking (i) relief in respect of
      the
      Company or any Subsidiary of the Company or of a substantial part of their
      respective property, under Title 11 of the United States Code or any other
      federal or state bankruptcy, insolvency or similar law, (ii) the appointment
      of
      a receiver, trustee, custodian, sequestrator or similar official for the Company
      or any Subsidiary of the Company or for a substantial part of their property,
      or
      (iii) the winding-up or liquidation of the Company or any Subsidiary of the
      Company and such proceeding or petition shall continue undismissed for thirty
      (30) days or an order or decree approving or ordering any of the foregoing
      shall
      continue unstayed and in effect for thirty (30) days;

     

    
      
        
        

      

      
        60

        
          

        

      

      
        
        

      

    

    

     

    (h)  one
      or
      more orders, judgments or decrees for the payment of money in excess of
      $5,000,000 in the aggregate shall be rendered against the Company or any
      Subsidiary of the Company which is not covered by insurance and the same shall
      not have been paid in accordance with such judgment, order or decree or
      settlement and either (i) an enforcement proceeding shall have been commenced
      by
      any creditor upon such judgment, order or decree, or (ii) there shall have
      been
      a period of sixty (60) days during which a stay of enforcement of such judgment,
      order or decree, by reason of pending appeal or otherwise, was not in
      effect;

     

    (i)  any
      Plan
      shall fail to maintain the minimum funding standard required under Section
      412
      of the Code for any Plan year or part thereof or a waiver of such standard
      or
      extension of any amortization period is applied for or granted under Section
      412
      of the Code, any Plan is terminated by the Company, any Subsidiary of the
      Company or any ERISA Affiliate or the subject of termination proceedings under
      ERISA, any Plan shall have an Unfunded Current Liability, a Reportable Event
      shall have occurred with respect to a Plan or the Company, any Subsidiary of
      the
      Company, or any ERISA Affiliate shall have incurred a liability to or on account
      of a Plan under Section 515, 4062, 4063, 4201 or 4204 of ERISA, and there shall
      result from any such event or events the imposition of a lien upon the assets
      of
      the Company or any Subsidiary of the Company, the granting of a security
      interest on such assets, or a liability to the PBGC or a Plan or a trustee
      appointed under ERISA or a penalty under Section 4971 of the Code;

     

    (j)  any
      material provision of any Loan Document shall for any reason cease to be in
      full
      force and effect in accordance with its terms or the Company or any Guarantor
      shall so assert in writing; 

     

    (k)  any
      Guarantor shall fail to perform or observe any term or provision of such
      Guarantor’s Guaranty or any representation or warranty made by any Guarantor in
      connection with such Guarantor’s Guaranty shall prove to have been incorrect in
      any material respect when made or deemed made;

     

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

     

    (m) a
      default
      shall occur with respect to the Private Placement Notes, if the effect of such
      default is to accelerate the maturity of such Private Placement Notes or to
      permit the holder or obligee thereof (or a trustee on behalf of such holder
      or
      obligee) to cause such Private Placement Notes to become due prior to the stated
      maturity thereof, or, any payments with respect to such Private Placement Notes
      shall not be paid when due (beyond any applicable grace period).

     

    then,
      at
      any time thereafter during the continuance of any such event, the Administrative
      Agent may, and, upon the request of the Required Lenders, shall, by written
      or
      telephonic notice to the Company, take either or both of the following actions,
      at the same or different times, (a) terminate the Commitments and (b) declare
      (i) the Notes, both as to principal and interest, (ii) an amount equal to the
      Aggregate Letters of Credit Outstanding and (iii) all other Obligations, to
      be
      forthwith due and payable without presentment, demand, protest or other notice
      of any kind, all of which are hereby expressly waived, anything contained herein
      or in the Notes to the contrary notwithstanding; provided,
      however,
      that if
      an event specified in Section 8.01(f) and (g) hereof 

     

    
      
        
        

      

      
        61

        
          

        

      

      
        
        

      

    

    shall
      have occurred, the Commitments shall automatically terminate and interest,
      principal and amounts referred to in the preceding clauses (i), (ii) and (iii)
      shall be immediately due and payable without presentment, demand, protest,
      or
      other notice of any kind, all of which are expressly waived, anything contained
      herein or in the Notes to the contrary notwithstanding. With respect to all
      Letters of Credit that shall not have expired or presentment for honor shall
      not
      have occurred, the Company shall provide the Administrative Agent with Cash
      Collateral in an amount equal to the aggregate undrawn amount of such Letters
      of
      Credit. Such Cash Collateral shall be applied by the Administrative Agent to
      reimburse the Issuing Lender for drawings under Letters of Credit for which
      the
      Issuing Lender has not been reimbursed and, to the extent not so applied, shall
      be held for the satisfaction of the reimbursement obligations of the Company
      at
      such time or, if the maturity of the Loans has been accelerated, be applied
      to
      satisfy other Obligations, with any amount remaining after such satisfactions
      to
      be returned to the Company or paid to such other party as may legally be
      entitled to the same.

     

    ARTICLE
      IX.

    THE
      ADMINISTRATIVE AGENT

     

    Section
      9.01  Appointment,
      Powers and Immunities.

     

    Each
      Lender hereby irrevocably appoints and authorizes the Administrative Agent
      to
      act as its agent hereunder and under the other Loan Documents with such powers
      as are specifically delegated to the Administrative Agent by the terms of this
      Agreement and the other Loan Documents together with such other powers as are
      reasonably incidental thereto. The Administrative Agent shall have no duties
      or
      responsibilities except those expressly set forth in this Agreement and the
      other Loan Documents and shall not be a trustee for any Lender, nor is the
      Administrative Agent acting in a fiduciary capacity of any kind under this
      Agreement or the other Loan Documents or in respect thereof or in respect of
      any
      Lender. The Administrative Agent shall not be responsible to the Lenders for
      any
      recitals, statements, representations or warranties contained in this Agreement
      or the other Loan Documents, in any certificate or other document referred
      to or
      provided for in, or received by any of them under, this Agreement or the other
      Loan Documents, or for the value, validity, effectiveness, genuineness,
      enforceability or sufficiency of this Agreement or the other Loan Documents
      or
      any other document referred to or provided for herein or therein or for the
      collectibility of the Loans or for the validity or effectiveness of any
      assignment, mortgage, pledge, security agreement, financing statement, document
      or instrument, or for the filing, recording, re-filing, continuing or
      re-recording of any thereof or for any failure by the Company or any Guarantor
      to perform any of its obligations hereunder or under the other Loan Documents.
      The Administrative Agent may take all actions by itself and/or it may employ
      agents and attorneys-in-fact, and shall not be responsible to any Lender, except
      as to money or the securities received by it or its authorized agents, for
      the
      negligence or misconduct of itself or its employees or of any such agents or
      attorneys-in-fact, if such agents or attorneys-in-fact are selected by it with
      reasonable care. Neither the Administrative Agent nor any of its directors,
      officers, employees or agents shall be liable or responsible for any action
      taken or omitted to be taken by it or them hereunder or under the other Loan
      Documents or in connection herewith or therewith, except for its or their own
      gross negligence or willful misconduct.

     

    Section
      9.02  Reliance
      by Administrative Agent.

     

    
      
        
        

      

      
        62

        
          

        

      

      
        
        

      

    

    

     

    The
      Administrative Agent shall be entitled to rely upon, and shall not incur any
      liability to any Lender for relying upon, any certification, notice or other
      communication (including any thereof by telephone, telecopy or telegram)
      believed by it to be genuine and correct and to have been signed or sent by
      or
      on behalf of the proper Person or Persons, and upon advice and statements of
      legal counsel, independent accountants and other experts selected by the
      Administrative Agent. As to any matters not expressly provided for by this
      Agreement or the other Loan Documents, the Administrative Agent shall in all
      cases be fully protected in acting, or in refraining from acting, hereunder
      or
      under the other Loan Documents in accordance with instructions signed by the
      Required Lenders, or such other number of Lenders as is specified in Section
      10.04 hereof, and such instructions of the Required Lenders or other number
      of
      Lenders as aforesaid and any action taken or failure to act pursuant thereto
      shall be binding on all of the Lenders.

     

    Section
      9.03  Events
      of Default.

     

    The
      Administrative Agent shall not be deemed to have knowledge of the occurrence
      of
      a Default or Event of Default (other than the non-payment of principal of or
      interest on the Loans or of fees to the extent the same is required to be paid
      to the Administrative Agent for the account of the Lenders) unless the
      Administrative Agent has received notice from a Lender or the Company specifying
      such Default or Event of Default and stating that such notice is a “Notice of
      Default”. In the event that the Administrative Agent receives such a notice of
      the occurrence of a Default or Event of Default, the Administrative Agent shall
      give prompt notice thereof to the Lenders. The Administrative Agent shall
      (subject to Section 9.07 hereof) take such action with respect to such Default
      or Event of Default as shall be directed by the Required Lenders, except as
      otherwise provided in Section 10.04 hereof; provided
      that
      unless and until the Administrative Agent shall have received such directions,
      the Administrative Agent may (but is not obligated to) take such action, or
      refrain from taking such action, with respect to such Default or Event of
      Default as it shall deem advisable in the best interest of the
      Lenders.

     

    Section
      9.04  Rights
      as a Lender.

     

    With
      respect to its Commitment and the Loans made by it, the entity which is the
      Administrative Agent, in its capacity as a Lender hereunder, shall have the
      same
      rights and powers hereunder as any other Lender and may exercise the same as
      though it were not acting as the Administrative Agent, and the term “Lender” or
“Lenders” shall, unless the context otherwise indicates, include each entity
      which is the Administrative Agent in its individual capacity. The Administrative
      Agent and its Affiliates may (without having to account therefor to any Lender)
      accept deposits from, lend money to and generally engage in any kind of banking,
      trust or other business with the Company or its Affiliates, as if it were not
      acting as the Administrative Agent, and, except to the extent otherwise herein
      specifically set forth, the Administrative Agent may accept fees and other
      consideration from the Company or its Affiliates, for services in connection
      with this Agreement or any of the other Loan Documents or otherwise without
      having to account for the same to the Lenders.

     

    Section
      9.05  Indemnification.

     

    
      
        
        

      

      
        63

        
          

        

      

      
        
        

      

    

    

     

    The
      Lenders shall indemnify the Administrative Agent (to the extent not reimbursed
      by the Company under Section 10.03 hereof), ratably in accordance with the
      aggregate outstanding principal amount of the Loans made by the Lenders (or,
      if
      no Loans are at the time outstanding, ratably in accordance with their
      respective Commitments), for any and all liabilities, obligations, losses,
      damages, penalties, actions, judgments, suits, costs, expenses or disbursements
      of any kind and nature whatsoever which may be imposed on, incurred by or
      asserted against the Administrative Agent in its capacity as the Administrative
      Agent in any way relating to or arising out of this Agreement or any of the
      other Loan Documents or any other documents contemplated by or referred to
      herein or therein or the transactions contemplated hereby and thereby
      (including, without limitation, the costs and expenses which the Company is
      obligated to pay under Section 10.03 hereof or under the applicable provisions
      of any other Loan Document) or the enforcement of any of the terms hereof or
      of
      any other Loan Document, provided
      that no
      Lender shall be liable for any of the foregoing to the extent they arise from
      the gross negligence or willful misconduct of the Administrative
      Agent.

     

    Section
      9.06  Non-Reliance
      on Administrative Agent and Other Lenders.

     

    Each
      Lender agrees that it has, independently and without reliance on the
      Administrative Agent or any other Lender, and based on such documents and
      information as it has deemed appropriate, made its own credit analysis of the
      Company and decision to enter into this Agreement and that it will,
      independently and without reliance upon the Administrative 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 analysis and decisions in taking or not
      taking action under this Agreement or under the other Loan Documents. The
      Administrative Agent shall not be required to keep itself informed as to the
      performance or observance by the Company of this Agreement or the other Loan
      Documents or any other document referred to or provided for herein or therein
      or
      to inspect the properties or books of the Company. Except for notices, reports
      and other documents and information expressly required to be furnished to the
      Lenders by the Administrative Agent hereunder or under the other Loan Documents,
      or furnished to the Administrative Agent with counterparts or copies for the
      Lenders, the Administrative Agent shall not have any duty to provide any Lender
      with any credit or other information concerning the affairs, financial condition
      or business of the Company, which may come into the possession of the
      Administrative Agent or any of its Affiliates.

     

    Section
      9.07  Failure
      to Act.

     

    Except
      for action expressly required of the Administrative Agent hereunder or under
      any
      other Loan Documents, the Administrative Agent shall in all cases be fully
      justified in failing or refusing to act hereunder or thereunder unless it shall
      be indemnified to its satisfaction by the Lenders against any and all liability
      (except gross negligence and willful misconduct) and expense which may be
      incurred by it by reason of taking or continuing to take any such
      action.

     

    Section
      9.08  Resignation
      of an Agent.

     

    Subject
      to the appointment and acceptance of a successor Agent as provided in this
      Section 9.08, the Co-Syndication Agents, the Co-Documentation Agents or the
      Administrative Agent may resign at any time by notifying the Lenders and the
      Company. Upon any such 

     

    
      
        
        

      

      
        64

        
          

        

      

      
        
        

      

    

    resignation,
      the Required Lenders shall have the right, with the approval of the Company
      provided
      no
      Default or Event of Default shall have occurred and then be continuing, and
      such
      approval not to be unreasonably withheld, delayed or conditioned, to appoint
      a
      successor to such Agent. If no successor shall have been so appointed by the
      Required Lenders (with the approval of the Company) and shall have accepted
      such
      appointment within thirty (30) days after the resigning Agent gives notice
      of
      its resignation, then the resigning Agent may, on behalf of the Lenders, appoint
      a successor Agent which shall be a bank of similar standing with an office
      in
      New York, New York, or an Affiliate of any such bank. Upon the acceptance of
      its
      appointment as Agent hereunder by a successor, such successor shall succeed
      to
      and become vested with all the rights, powers, privileges and duties of the
      resigning Agent, and the resigning Agent shall be discharged from its duties
      and
      obligations hereunder as of such date. The fees payable by the Company to a
      successor Agent shall be the same as those payable to its predecessor unless
      otherwise agreed between the Company and such successor. After an Agent’s
      resignation hereunder, the provisions of this Article and Section 10.03 hereof
      shall continue in effect for the benefit of such resigning Agent in respect
      of
      any actions taken or omitted to be taken by it while it was acting as an
      Agent.

     

    Section
      9.09  Pro
      Rata Sharing.

     

    In
      the
      event that at any time any Lender shall obtain payment in respect of the
      Obligations, including any payment received by Bank of America, N.A. in
      connection with the enforcement of a Guaranty, or receive any collateral in
      respect thereof, whether voluntarily or involuntarily, through the exercise
      of a
      right of banker’s lien, set-off or counterclaim against the Company or otherwise
      (except pursuant to Section 3.09 or Section 10.05 hereof), which results in
      it
      receiving more than its pro rata share (based on such Lender’s Commitment
      Proportion) of the aggregate payments with respect to all of the Obligations
      (other than any payment expressly provided hereunder to be distributed on other
      than a pro rata basis), then such Lender shall be deemed to have simultaneously
      purchased from the other Lenders a share in their Obligations so that the amount
      of the Obligations held by each of the Lenders shall be pro rata (based on
      such
      Lender’s Commitment Proportion); provided,
      however,
      that if
      all or any portion of such excess payment or benefits is thereafter recovered
      from the Lender which received the proportionate over-payment, such purchase
      shall be rescinded, and the purchase price and benefits returned, to the extent
      of such recovery, but without interest. The Company agrees, to the extent it
      may
      do so under applicable law, that each Lender so purchasing a portion of another
      Lender’s Loan or participation in any Letter of Credit may exercise all rights
      of payment (including, without limitation, rights of set-off) with respect
      to
      such portion as fully as if such Lender were the direct holder of such
      portion.

     

    ARTICLE
      X.

    MISCELLANEOUS

     

    Section
      10.01  Notices.

     

    All
      notices, requests and demands to or upon the respective parties hereto to be
      effective shall be in writing (including telecopy), and unless otherwise
      expressly provided herein, shall be conclusively deemed to have been received
      by
      a party hereto and to be effective on the day on which delivered by hand to
      such
      party or one (1) Business Day after being sent by overnight mail 

     

    
      
        
        

      

      
        65

        
          

        

      

      
        
        

      

    

    to
      the
      address set forth below, or, in the case of telecopy notice, when acknowledged
      as received, or if sent by registered or certified mail, three (3) Business
      Days
      after the day on which mailed in the United States, addressed to such party
      at
      such address:

     

    (a)
      if to
      the Administrative Agent, at:

     

    Bank
      of
      America, N.A.

    1185
      Avenue of the Americas

    New
      York,
      NY 10036

    Attention:
       SVP
      Senior Credit Products Officer

     

    Telecopy:
       (212)
      819-6166

     

    With
      a
      copy (which shall not constitute notice) to:

    

    Agency
      Management

    100
      Federal Street

    Mail
      Stop
      MA5 1001102

    Boston,
      MA 02110

     

    and
      to:

    

    Goulston
      & Storrs

    400
      Atlantic Avenue

    Boston,
      MA 02110

    Attention: Philip
      A.
      Herman, Esq.

    Telecopy: (617)
      574-7592

    

    (b)
      if to
      the Company, at:

     

    The
      Hain
      Celestial Group, Inc. 

    58
      South
      Service Road 

    Melville,
      NY 11747 

    Attention:
      Ira J. Lamel 

    Telecopy:
      (631) 730-2561

    

     

    With
      a
      copy (which shall not constitute notice) to:

    ilamel@hain-celestial.com

    

    With
      a
      copy (which shall not constitute notice) to:

    

    Cahill
      Gordon & Reindel LLP

    80
      Pine
      Street

    New
      York,
      New York 10005

    Attention:
      Geoffrey E. Liebmann, Esq.

    Telecopy:
      (212)269-5420

    
      
        
        

      

      
        66

        
          

        

      

      
        
        

      

    

    

    (c)
      if to
      any Lender, to its address set forth in the signature page of this Agreement
      and
      to the person so designated;

     

    

     

    -
      and
      -

     

    (d)
      as to
      each party at such other address as such party shall have designated (i) if
      such
      party is a Lender, by written notice to the Administrative Agent and the
      Company, (ii) if such party is the Company, by written notice to the
      Administrative Agent and to each Lender, and (iii) if such party is the
      Administrative Agent, by written notice to the Company and each Lender, in
      each
      case, delivered in accordance with the provisions of this Section
      10.01.

     

    Section
      10.02  Effectiveness;
      Survival.

     

    This
      Agreement shall become effective on the date on which all parties hereto shall
      have signed a counterpart copy hereof and shall have delivered the same to
      the
      Administrative Agent. All representations and warranties made herein and in
      the
      other Loan Documents and in the certificates delivered pursuant hereto or
      thereto shall survive the making by the Lenders of the Loans and the issuance
      by
      the Issuing Lender of Letters of Credit, in each case, as herein contemplated
      and the execution and delivery to the Lenders of the Notes evidencing the Loans
      and shall continue in full force and effect so long as the Obligations hereunder
      are outstanding and unpaid and the Commitments are in effect. The obligations
      of
      the Company pursuant to Sections 3.07, 3.08, 3.10, 6.13 and 10.03 hereof shall,
      notwithstanding anything herein to the contrary, survive termination of this
      Agreement and payment of the Obligations.

     

    Section
      10.03  Expenses.

     

    The
      Company agrees (a) to indemnify, defend and hold harmless the Administrative
      Agent, the Issuing Lender and each Lender and their respective officers,
      directors, employees, and affiliates (each, an “indemnified person”) from and
      against any and all losses, claims, damages, liabilities, obligations,
      penalties, actions, judgments, suits, costs, expenses, or disbursements to
      which
      any such indemnified person may be subject and arising out of or in connection
      with the Loan Documents, the financings contemplated hereby, the use of any
      proceeds of such financings or any claim, litigation, investigation or
      proceeding relating to any of the foregoing, whether or not any of such
      indemnified persons is a party thereto, and to reimburse each of such
      indemnified persons upon demand for any reasonable legal or other expenses
      incurred in connection with the investigation or defending any of the foregoing;
      provided
      that the
      foregoing indemnity will not, as to any indemnified person, apply to losses,
      claims, damages, liabilities, judgments or related expenses to the extent
      arising from the willful misconduct or gross negligence of such indemnified
      person, (b) to pay or reimburse the Administrative Agent for all its
      out-of-pocket costs and reasonable expenses incurred in connection with the
      preparation and execution of and any amendment, supplement or modification
      to
      this Agreement, the Notes any other Loan Documents, and any other documents
      prepared in connection herewith or therewith, and the consummation of the
      transactions contemplated hereby and thereby, including without limitation,
      the
      reasonable fees and disbursements of Goulston & Storrs P.C., counsel to the
      Administrative Agent, and (c) to pay or

     

    
      
        
        

      

      
        67

        
          

        

      

      
        
        

      

    

    reimburse
      each Lender and the Administrative Agent for all their costs and expenses
      incurred in connection with the enforcement and preservation of any rights
      under
      this Agreement, the Notes, the other Loan Documents, and any other documents
      prepared in connection herewith or therewith, including, without limitation,
      the
      reasonable fees and disbursements of counsel (including, without limitation,
      in-house counsel) to the Administrative Agent and to the several Lenders,
      including all such out-of-pocket expenses incurred during any work-out,
      restructuring or negotiations in respect of the Obligations.

     

    Section
      10.04  Amendments
      and Waivers.

     

    With
      the
      written consent of the Required Lenders, the Administrative Agent and the
      Company may, from time to time, enter into written amendments, supplements
      or
      modifications hereto for the purpose of adding any provisions to this Agreement
      or the Notes or any of the other Loan Documents or changing in any manner the
      rights of the Lenders or of the Company hereunder or thereunder, and with the
      written consent of the Required Lenders the Administrative Agent on behalf
      of
      the Lenders may execute and deliver to the Company a written instrument waiving,
      on such terms and conditions as the Administrative Agent or the Required Lenders
      may specify in such instrument, any of the requirements of this Agreement or
      the
      Notes or any of the other Loan Documents or any Default or Event of Default;
      provided,
      however,
      that no
      such waiver and no such amendment, or supplement or modification shall (a)
      extend the maturity of any Note or any installment thereof; (b) reduce the
      rate
      or extend the time of payment of interest on any Note or any fees payable to
      the
      Lenders hereunder; (c) reduce the principal amount of any Note or the amount
      of
      any reimbursement due in respect of any Letter of Credit; (d) amend, modify
      or
      waive any provision of this Section 10.04; (e) reduce the percentage specified
      in the definition of Required Lenders or amend or modify any other provision
      hereof specifying the number or percentage of Lenders required to waive, amend
      or modify any rights hereunder or make any determination granting consent
      hereunder; (f) consent to the assignment or transfer by the Company of any
      of
      its rights or obligations under this Agreement; (g) except as expressly
      permitted pursuant to this Agreement or any other Loan Document release any
      collateral security granted to the Administrative Agent, if any; (h) release
      any
      Guarantor from its Guaranty, or limit any Guarantor’s liability with respect to
      its Guaranty; (i) amend the definition of Acceptable Acquisition; (j) amend
      the
      terms of Section 3.11 hereof (solely as it pertains to the pro rata treatment
      of
      the Lenders), or (k) permit any Letter of Credit issued hereunder to expire
      on
      or after the Revolving Credit Commitment Termination Date, in each case
      specified in clauses (a) through (k) above without the written consent of all
      the Lenders; and provided,
      further, that no such waiver and no such amendment, supplement or modification
      shall (i) amend, modify, supplement or waive any provision of Article IX with
      respect to the Administrative Agent without the written consent of the
      Administrative Agent or (ii) increase the amount of any Lender’s Commitment
      without the written consent of such 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 Company, the Lenders, the Administrative Agent
      and
      all future holders of the Notes.

     

    Section
      10.05  Successors
      and Assigns; Participations.

     

    (a)  This
      Agreement shall be binding upon and inure to the benefit of the Company, the
      Lenders, the Administrative Agent, all future holders of the Notes and their
      

     

    
      
        
        

      

      
        68

        
          

        

      

      
        
        

      

    

    respective
      successors and assigns, except that the Company may not assign or transfer
      any
      of its rights or obligations under this Agreement or any other Loan Document
      without the prior written consent of each Lender and any such assignment without
      such consent shall be null and void.

     

    (b)  Any
      Lender may, in the ordinary course of its commercial banking business and in
      accordance with applicable law, at any time sell to one or more banks or other
      financial institutions (“Participants”) participating interests in any Loan
      owing to such Lender, any Note held by such Lender, any Commitment of such
      Lender or any other interest of such Lender hereunder. In the event of any
      such
      sale by a Lender of participating interests to a Participant, such Lender’s
      obligations under this Agreement to the other parties under this Agreement
      shall
      remain unchanged, such Lender shall remain solely responsible for the
      performance thereof, such Lender shall remain the holder of any such Note for
      all purposes under this Agreement, and the Company and the Administrative Agent
      shall continue to deal solely and directly with such Lender in connection with
      such Lender’s rights and obligations under this Agreement. The Company agrees
      that each Participant shall be entitled to the benefits of Sections 3.07, 3.08
      and 3.10 hereof with respect to its participation in the Commitments and in
      the
      Loans and Letters of Credit outstanding from time to time; provided,
      however,
      that no
      Participant shall be entitled to receive any greater amount pursuant to such
      Sections than the transferor Lender would have been entitled to receive in
      respect of the amount of the participation transferred by such transferor Lender
      to such Participant had no such transfer occurred. No Participant shall have
      the
      right to consent to any amendment to, or waiver of, any provision of this
      Agreement, except the transferor Lender may provide in its agreement with the
      Participant that such Lender will not, without the consent of the Participant,
      agree to any amendment or waiver described in clause (a) through clause (h)
      of
      Section 10.04 hereof.

     

    (c)  Subject
      to the last two sentences of this paragraph (c) any Lender may, in the ordinary
      course of its commercial banking business and in accordance with applicable
      law,
      at any time sell to any Lender, any Affiliate of any Lender or any Approved
      Fund, and, with the consent of the Administrative Agent, and, so long as no
      Default or Event of Default shall have occurred and be continuing, the Company
      (which in each case shall not be unreasonably withheld, delayed or conditioned),
      to one or more additional banks or other financial institutions (“Purchasing
      Lenders”) all or any part of its rights and obligations under this Agreement and
      the Notes pursuant to an Assignment and Acceptance Agreement, executed by such
      Purchasing Lender, such transferor Lender and the Administrative Agent (and,
      in
      the case of an Assignment and Acceptance Agreement relating to a Purchasing
      Lender that is not then a Lender or a domestic banking affiliate thereof, also
      executed by the Company), and delivered to the Administrative Agent for its
      acceptance. Upon such execution, delivery and acceptance from and after the
      effective date specified in such Assignment and Acceptance Agreement, (i) the
      Purchasing Lender thereunder shall be a party hereto and, to the extent provided
      in such Assignment and Acceptance Agreement, have the rights and obligations
      of
      a Lender hereunder with Commitments as set forth therein and (ii) the transferor
      Lender thereunder shall, to the extent provided in such Assignment and
      Acceptance Agreement, be released from its obligations under this Agreement
      arising after such transfer (and, in the case of an Assignment and Acceptance
      Agreement covering all or the remaining portion of a transferor Lender’s rights
      and obligations under this Agreement, such transferor Lender shall cease to
      be a
      party hereto except as to Sections 3.07, 3.08, 3.10 and 10.03 hereof for the
      period prior to the effective date). Such Assignment and Acceptance Agreement
      shall be deemed to amend this Agreement to the extent, 

     

    
      
        
        

      

      
        69

        
          

        

      

      
        
        

      

    

    and
      only
      to the extent, necessary to reflect the addition of such Purchasing Lender
      and
      the resulting adjustment of Commitment Proportions arising from the purchase
      by
      such Purchasing Lender of all or a portion of the rights and obligations of
      such
      transferor Lender under or in respect of this Agreement and the Notes. On or
      prior to the effective date specified in such Assignment and Acceptance
      Agreement, the Company, at its own expense, shall execute and deliver to the
      Administrative Agent, in exchange for each surrendered Note, new Notes to the
      order of such Purchasing Lender in an amount equal to the Commitments assumed
      by
      it pursuant to such Assignment and Acceptance Agreement and, if the transferor
      Lender has retained any Commitment hereunder, a new Note to the order of the
      transferor Lender in an amount equal to such Commitment retained by it
      hereunder. Such new Notes shall be in a principal amount equal to the principal
      amount of such surrendered Note, shall be dated the effective date specified
      in
      the Assignment and Acceptance Agreement and shall otherwise be in the form
      of
      the Notes replaced thereby. The Notes surrendered by the transferor Lender
      shall
      be returned by the Administrative Agent to the Company marked “cancelled”.
      Anything in this Section 10.05 to the contrary notwithstanding, no transfer
      to a
      Purchasing Lender shall be made pursuant to this paragraph (c), if (x) such
      transfer by any one transferor Lender to any one Purchasing Lender (other than
      a
      Purchasing Lender which is a Lender hereunder prior to such transfer) is in
      respect of less than $5,000,000 of the Commitments of such transferor Lender
      or
      (y) after giving effect to such transfer the amount held by any transferor
      Lender would be less than $5,000,000. Notwithstanding any of the foregoing
      of
      this paragraph (c) to the contrary, any assignment of any Swingline Commitment
      by any Lender shall require the prior approval of the Administrative Agent
      and
      the Swingline Lender.

     

    (d)  The
      Administrative Agent shall maintain at its address referred to in Section 10.01
      hereof a copy of each Assignment and Acceptance Agreement delivered to it and
      a
      register (the “Register”) for the recordation of the names and addresses of the
      Lenders and the commitments of, and principal amount of the Loans owing to,
      each
      Lender from time to time. The entries in the Register shall be conclusive,
      in
      the absence of demonstrable error and the Company, the Administrative Agent
      and
      the Lenders may treat each Person whose name is recorded in the Register as
      the
      owner of the Loans recorded therein for all purposes of this Agreement. The
      Register shall be available for inspection by the Company or any Lender at
      any
      reasonable time and from time to time upon reasonable prior notice.

     

    (e)  Upon
      its
      receipt of an Assignment and Acceptance Agreement executed by a transferor
      Lender and a Purchasing Lender (and, in the case of a Purchasing Lender that
      is
      not then a Lender or an Affiliate thereof, by the Company), the Administrative
      Agent shall (i) accept such Assignment and Acceptance Agreement, (ii) record
      the
      information contained therein in the Register, and (iii) give prompt notice
      of
      such acceptance and recordation to the Lenders and the Company.

     

    (f)  The
      Company authorizes each Lender to disclose to any Participant or Purchasing
      Lender (each, a “Transferee”) and any prospective Transferee any and all
      financial information in such Lender’s possession concerning the Company and its
      Affiliates which has been delivered to such Lender by or on behalf of the
      Company pursuant to this Agreement or which has been delivered to such Lender
      by
      the Company in connection with such Lender’s credit evaluation of the Company
      and its Subsidiaries prior to entering into this Agreement.

     

    
      
        
        

      

      
        70

        
          

        

      

      
        
        

      

    

    

     

    (g)  If,
      pursuant to this Section 10.05, any interest in this Agreement, a participation
      agreement, or any Note is transferred to any transferee which is organized
      under
      the laws of any jurisdiction other than the United States or any State thereof,
      the transferor Lender shall cause such Transferee, concurrently with the
      effectiveness of such transfer, (i) to represent to the transferor Lender (for
      the benefit of the transferor Lender, the Administrative Agent and the Company)
      that under applicable law and treaties no taxes will be required to be withheld
      by the Administrative Agent, the Company, or the transferor Lender with respect
      to any payments to be made to such Transferee in respect of the Loans, (ii)
      to
      furnish to the Administrative Agent, the transferor Lender and the Company
      either U.S. Internal Revenue Service Form W-8ECI or U.S. Internal Revenue
      Service Form W-8BEN (wherein such Transferee claims entitlement to complete
      exemption from U.S. federal withholding tax on all interest payments hereunder)
      and (iii) to agree (for the benefit of the Administrative Agent, the transferor
      Lender and the Company) to provide the Administrative Agent, the transferor
      Lender and the Company a new Form W-8ECI or Form W-8BEN upon the expiration
      or
      obsolescence of any previously delivered form and comparable statements in
      accordance with applicable U.S. laws and regulations and amendments duly
      executed and completed by such Transferee, and to comply from time to time
      with
      all applicable U.S. laws and regulations with regard to such withholding tax
      exemption.

     

    (h)  Any
      Lender may at any time pledge or assign or grant a security interest in all
      or
      any part of its rights under this Agreement and the other Loan Documents,
      including any portion of its Notes, to any of the twelve (12) Federal Reserve
      Banks organized under Section 4 of the Federal Reserve Act, 12 U.S.C. Section
      341, provided
      that no
      such assignment shall release the transferor Lender from its Commitments or
      its
      obligations hereunder or substitute any such pledgee or assignee for such Lender
      as a party to this Agreement.

     

    Section
      10.06  No
      Waiver; Cumulative Remedies.

     

    Neither
      any failure nor any delay on the part of any Lender, the Issuing Lender or
      the
      Administrative Agent in exercising any right, power or privilege hereunder
      or
      under any Note or any other Loan Document shall operate as a waiver thereof,
      nor
      shall a single or partial exercise thereof preclude any other or further
      exercise of any other right, power or privilege. The rights, remedies, powers
      and privileges herein provided or provided in the other Loan Documents are
      cumulative and not exclusive of any rights, remedies powers and privileges
      provided by law.

     

    Section
      10.07  APPLICABLE
      LAW.

     

    THIS
      AGREEMENT AND THE NOTES SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH
      THE LAWS OF THE STATE OF NEW YORK (EXCLUDING THE LAWS APPLICABLE TO CONFLICTS
      OR
      CHOICE OF LAW, OTHER THAN GENERAL OBLIGATIONS LAW §§ 5-1401 AND
      5-1402).

     

    Section
      10.08  SUBMISSION
      TO JURISDICTION; JURY WAIVER.

     

    THE
      COMPANY HEREBY IRREVOCABLY SUBMITS TO THE JURISDICTION OF ANY FEDERAL OR STATE
      COURT IN THE STATE OF NEW YORK, COUNTY OF NEW YORK, COUNTY OF NASSAU OR COUNTY
      OF 

     

    
      
        
        

      

      
        71

        
          

        

      

      
        
        

      

    

    SUFFOLK
      IN ANY ACTION, SUIT OR PROCEEDING BROUGHT AGAINST IT AND RELATED TO OR IN
      CONNECTION WITH THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT OR ANY OF THE
      TRANSACTIONS CONTEMPLATED HEREBY OR THEREBY, AND TO THE EXTENT PERMITTED BY
      APPLICABLE LAW, THE COMPANY HEREBY WAIVES AND AGREES NOT TO ASSERT BY WAY OF
      MOTION, AS A DEFENSE OR OTHERWISE, IN ANY SUCH SUIT, ACTION OR PROCEEDING ANY
      CLAIM THAT IT IS NOT PERSONALLY SUBJECT TO THE JURISDICTION OF SUCH FEDERAL
      OR
      STATE COURTS, THAT SUCH SUIT, ACTION OR PROCEEDING IS BROUGHT IN AN INCONVENIENT
      FORUM, THAT THE VENUE OF SUCH SUIT, ACTION OR PROCEEDING IS IMPROPER, OR THAT
      THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT OR ANY OTHER DOCUMENT OR INSTRUMENT
      REFERRED TO HEREIN OR THEREIN OR THE SUBJECT MATTER HEREOF OR THEREOF MAY NOT
      BE
      LITIGATED IN OR BY SUCH FEDERAL OR STATE COURTS. TO THE EXTENT PERMITTED BY
      APPLICABLE LAW, THE COMPANY AGREES NOT TO (i) SEEK AND HEREBY WAIVES THE RIGHT
      TO ANY REVIEW OF THE JUDGMENT OF ANY SUCH COURT BY ANY COURT OF ANY OTHER NATION
      OR JURISDICTION WHICH MAY BE CALLED UPON TO GRANT AN ENFORCEMENT OF SUCH
      JUDGMENT OR (ii) ASSERT ANY COUNTERCLAIM IN ANY SUCH SUIT, ACTION OR PROCEEDING
      UNLESS SUCH COUNTERCLAIM IS A COMPULSORY OR MANDATORY COUNTERCLAIM UNDER
      APPLICABLE LAWS GOVERNING CIVIL PROCEDURE. THE COMPANY AGREES THAT SERVICE
      OF
      PROCESS MAY BE MADE UPON IT BY CERTIFIED OR REGISTERED MAIL TO THE ADDRESS
      FOR
      NOTICES SET FORTH IN THIS AGREEMENT OR ANY METHOD AUTHORIZED BY THE LAWS OF
      NEW
      YORK. EACH PARTY HERETO KNOWINGLY, VOLUNTARILY AND INTENTIONALLY WAIVES THE
      RIGHT TO A TRIAL BY JURY IN RESPECT OF ANY CLAIM BASED HEREON, ARISING OUT
      OF,
      UNDER OR IN CONNECTION WITH THIS AGREEMENT, THE NOTES OR ANY OTHER LOAN DOCUMENT
      CONTEMPLATED TO BE EXECUTED IN CONNECTION HEREWITH OR ANY COURSE OF CONDUCT,
      COURSE OF DEALINGS, STATEMENTS (WHETHER VERBAL OR WRITTEN) OR ACTIONS OF ANY
      PARTY RELATING THERETO, AND AGREES THAT NO PARTY WILL SEEK TO CONSOLIDATE ANY
      SUCH ACTION WITH ANY OTHER ACTION IN WHICH A JURY TRIAL CANNOT BE OR HAS NOT
      BEEN WAIVED. EXCEPT AS PROHIBITED BY LAW, THE COMPANY HEREBY WAIVES ANY RIGHT
      IT
      MAY HAVE TO CLAIM OR RECOVER IN ANY LITIGATION ANY SPECIAL, EXEMPLARY, PUNITIVE
      OR CONSEQUENTIAL DAMAGES OR ANY DAMAGES OTHER THAN, OR IN ADDITION TO, ACTUAL
      DAMAGES. THE COMPANY CERTIFIES THAT NO REPRESENTATIVE, AGENT OR ATTORNEY OF
      THE
      ADMINISTRATIVE AGENT, THE ISSUING LENDER OR ANY LENDER HAS REPRESENTED,
      EXPRESSLY OR OTHERWISE, THAT THEY WOULD NOT, IN THE EVENT OF LITIGATION, SEEK
      TO
      ENFORCE THE FOREGOING WAIVER. THIS WAIVER CONSTITUTES A MATERIAL INDUCEMENT
      FOR
      THE LENDERS TO ENTER INTO THIS AGREEMENT AND TO MAKE THE LOANS AND OTHER
      EXTENSIONS OF CREDIT.

     

    Section
      10.09  Severability.

     

    
      
        
        

      

      
        72

        
          

        

      

      
        
        

      

    

    

     

    In
      case
      any one or more of the provisions contained in this Agreement, any Note or
      any
      other Loan Document should be invalid, illegal or unenforceable in any respect,
      the validity, legality and enforceability of the remaining provisions contained
      herein and therein shall not in any way be affected or impaired
      thereby.

     

    Section
      10.10  Right
      of Setoff.

     

    The
      Company and the Guarantors hereby grant to the Administrative Agent, the Issuing
      Lender, each-Lender and each Affiliate of each Lender, a continuing lien,
      security interest and right of setoff as security for all liabilities and
      obligations to the Administrative Agent, the Issuing Lender and each Lender,
      whether now existing or hereafter arising, upon and against all deposits,
      credits, collateral and property, now or hereafter in the possession, custody,
      safekeeping or control of the Administrative Agent, the Issuing Lender, any
      Lender, any Affiliate of such Lender or any entity under the control of Bank
      of
      America, N.A. and its successors or assigns or in transit to any of them. At
      any
      time, without demand or notice (any such notice being expressly waived by the
      Company), the Administrative Agent, the Issuing Lender, each Lender and each
      Affiliate of each Lender may set off the same or any part thereof and apply
      the
      same to any liability or obligation of the Company or any Guarantor even though
      unmatured and regardless of the adequacy of any other collateral securing this
      Agreement. ANY
      AND ALL RIGHTS TO REQUIRE THE ADMINISTRATIVE AGENT, THE ISSUING LENDER, EACH
      LENDER OR ANY AFFILIATE OF EACH LENDER TO EXERCISE ITS RIGHTS OR REMEDIES WITH
      RESPECT TO ANY OTHER COLLATERAL WHICH SECURES THIS AGREEMENT, PRIOR TO
      EXERCISING ITS RIGHT OF SETOFF WITH RESPECT TO SUCH DEPOSITS, CREDITS OR OTHER
      PROPERTY OF THE COMPANY OR ANY GUARANTOR, ARE HEREBY KNOWINGLY, VOLUNTARILY
      AND
      IRREVOCABLY WAIVED.

     

    Section
      10.11  Confidentiality.

     

    The
      Administrative Agent, each Lender and any Affiliates thereof agree to keep
      confidential all non-public information, materials and documents furnished
      by
      the Company to the Administrative Agent and the Lenders pursuant to this
      Agreement (the “Confidential Information”). Notwithstanding the foregoing, such
      party shall be permitted to disclose Confidential Information (a) to such of
      its
      officers, directors, employees, agents, representatives and professional
      advisors in any of the transactions contemplated by, or the administration
      of,
      this Agreement; (b) to the extent required by applicable laws and regulations
      or
      by any subpoena or similar legal process, or requested by any governmental
      agency or authority; (c) to the extent such Confidential Information (i) becomes
      publicly available other than as a result of a breach of this Section 10.11
      by
      the disclosing party, or (ii) becomes available to such party on a
      non-confidential basis from a source other than the Company or its Subsidiaries
      which to such party’s knowledge is not prohibited from disclosing such
      Confidential Information to such party by a contractual or other legal
      obligation; (d) to the extent the Company or any of its Subsidiaries shall
      have
      consented to such disclosure in writing; or (e) to any prospective transferee
      or
      participant in connection with any contemplated transfer of the Notes or any
      interest therein provided
      such
      transferee or participant agrees to treat the Confidential Information in a
      manner consistent with this Section 10.11. Nothing herein shall prohibit the
      disclosure of Confidential Information in connection with any litigation or
      where such disclosure is pursuant to applicable 

     

    
      
        
        

      

      
        73

        
          

        

      

      
        
        

      

    

    laws,
      regulations, court order or similar legal process; provided,
      however,
      in the
      event that such party is requested or required by law to disclose any of the
      Confidential Information, such party shall provide the Company with written
      notice, unless notice is prohibited by law, of any such request or requirement
      so that the Company may seek a protective order or other appropriate remedy;
      provided
      that no
      such notification shall be required in respect of any disclosure to regulatory
      authorities having jurisdiction over such party.

     

    
      	Section
              10.12  	
              Provisions
                Regarding Co-Syndication Agents,
                Co-Documentation Agents, and Managing
                Agent.

            

    

     

    The
      Co-Syndication Agents, the Co-Documentation Agents and the Managing Agent shall
      have no duties or responsibilities hereunder.

     

    Section
      10.13  Headings.

     

    Section
      headings used herein are for convenience of reference only and are not to affect
      the construction of or be taken into consideration in interpreting this
      Agreement.

     

    Section
      10.14  Construction.

     

    This
      Agreement is the result of negotiations between, and has been reviewed by,
      each
      of the Company, the Administrative Agent, the Lenders and their respective
      counsel. Accordingly, this Agreement shall be deemed to be the product of each
      party hereto, and no ambiguity shall be construed in favor of or against either
      the Company, the Administrative Agent, or any Lender.

     

    Section
      10.15  Counterparts.

     

    This
      Agreement may be executed in two or more counterparts, each of which shall
      constitute an original, but all of which, taken together, shall constitute
      one
      and the same instrument.

     

    Section
      10.16  No
      Advisory or Fiduciary Responsibility

     

    In
      connection with all aspects of each transaction contemplated hereby, the Company
      acknowledges and agrees that: (i) the credit extensions provided for hereunder
      and any related arranging or other services in connection therewith (including
      in connection with any amendment, waiver or other modification hereof or of
      any
      other Loan Document) are arm’s-length commercial transactions between the
      Company and its Affiliates, on the one hand, and the Administrative Agent and
      the Lead Arranger, on the other hand, and the Company is capable of evaluating
      and understanding and understands and accepts the terms, risks and conditions
      of
      the transactions contemplated hereby and by the other Loan Documents (including
      any amendment, waiver or other modification hereof or thereof); (ii) in
      connection with the process leading to such transaction, the Administrative
      Agent and the Lead Arranger each
      is
      and has been acting solely as a principal and is not the financial advisor,
      agent or fiduciary, for the Company or any of its Affiliates, stockholders,
      creditors or employees or any other Person; (iii) neither the Administrative
      Agent nor the Lead Arranger has assumed or will assume an advisory, agency
      or
      fiduciary responsibility in favor of the Company with respect to any of the
      transactions contemplated hereby or the process leading thereto, including
      with
      respect to any amendment, 

     

    
      
        
        

      

      
        74

        
          

        

      

      
        
        

      

    

    waiver
      or
      other modification hereof or of any other Loan Document (irrespective of whether
      the Administrative Agent or the Lead Arranger has advised or is currently
      advising the Company or any of its Affiliates on other matters) and neither
      the
      Administrative Agent nor the Lead Arranger has any obligation to the Company
      or
      any of its Affiliates with respect to the transactions contemplated hereby
      except those obligations expressly set forth herein and in the other Loan
      Documents; (iv) the Administrative Agent and the Lead Arranger and their
      respective Affiliates may be engaged in a broad range of transactions that
      involve interests that differ from those of the Company and its Affiliates,
      and
      neither the Administrative Agent nor the Lead Arranger has any obligation to
      disclose any of such interests by virtue of any advisory, agency or fiduciary
      relationship; and (v) the Administrative Agent and the Lead Arranger have not
      provided and will not provide any legal, accounting, regulatory or tax advice
      with respect to any of the transactions contemplated hereby (including any
      amendment, waiver or other modification hereof or of any other Loan Document)
      and the Company has consulted its own legal, accounting, regulatory and tax
      advisors to the extent it has deemed appropriate. The Company hereby waives
      and
      releases, to the fullest extent permitted by law, any claims that it may have
      against the Administrative Agent and the Lead Arranger with respect to any
      breach or alleged breach of agency or fiduciary duty in connection with the
      transactions contemplated by this Agreement.

     

    Section
      10.17  USA
      Patriot Act Notice

     

    Each
      Lender that is subject to the Act (as hereinafter defined) and the
      Administrative Agent (for itself and not on behalf of any Lender) hereby
      notifies the Company that pursuant to the requirements of the USA PATRIOT Act
      (Title III of Pub. L. 107-56 (signed into law October 26, 2001)) (the
“Act”),
      it is
      required to obtain, verify and record information that identifies the Company,
      which information includes the name and address of the Company and other
      information that will allow such Lender or the Administrative Agent, as
      applicable, to identify the Company in accordance with the Act.

     

    

     

    [Remainder
      of page intentionally left blank. Signature pages to
      follow.]

     

    

     

    
      
        
        

      

      
        75

        
          

        

      

      
        
        

      

    

    IN
      WITNESS WHEREOF, the Company, the Administrative Agent and the Lenders have
      caused this Agreement to be duly executed by their duly authorized officers,
      as
      of the day and year first above written.

     

    
      	
              THE
                HAIN CELESTIAL GROUP, INC.

               

               

              By:
                /s/
                Ira J. Lamel            

              Name:
                Ira J. Lamel

              Title:
                Executive Vice President, Chief

              Financial
                Officer, Treasurer and
                Secretary

            

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    
      	
              Bank
                of America, N.A.

              as
                Administrative Agent

               

               

              By:
                /s/
                Carol G. Alm        

              Name:
                Carol G. Alm

              Title:
                

               

               

              Bank
                of America, N.A.

              Agency
                Management

              100
                Federal Street

              Mail
                Stop MA5 1001102

              Boston,
                MA 02110

            

    

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    
      	
              Revolving
                Credit

            	 
	
              Commitment:
                $32,000,000

            	
              BANK
                OF AMERICA, N.A.,

            
	 	
              as
                a Lender, as Swingline Lender 

            
	 	
              and
                as an Issuing Lender

            
	 	 
	 	
              By:
                /s/
                Steven J. Melicharek 

            
	 	
              Name:
                Steven J. Melicharek

            
	 	
              Title:
                SVP Senior Credit Products Officer

            
	 	 
	 	
              Lending
                Office for Base Rate Loans 

            
	 	
              and
                for Adjusted Libor Loans:

            
	 	 
	 	
              Bank
                of America, N.A.

            
	 	
              1185
                Avenue of the Americas

            
	 	
              New
                York, NY 10036

            
	 	
              Attention:
                SVP Senior Credit 

            
	 	
              Products
                Officer

            
	 	
              Telephone:
                (212) 819-6002

            
	 	
              Telecopy:
                (212) 819-6166

            
	 	 
	 	 
	 	
              Address
                for Notices:

            
	 	 
	 	
              Bank
                of America, N.A.

            
	 	
              1185
                Avenue of the Americas

            
	 	
              New
                York, NY 10036

            
	 	
              Attention:
                SVP Senior Credit

            
	 	
              Products
                Officer

            
	 	
              Telephone:
                (212) 819-6002

            
	 	
              Telecopy:
                (212) 819-6166

            
	 	 
	 	 

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    
      	
              Revolving
                Credit 

            	 
	
              Commitment:
                $25,000,000

            	
              NORTH
                FORK BANK,

            
	 	
              as
                a Lender and as Managing Agent

            
	 	 
	 	
              By:
                /s/
                Robert J. Milas

            
	 	
              Name:
                Robert J. Milas

            
	 	
              Title:
                Vice President

            
	 	 
	 	
              Lending
                Office for Base Rate Loans

            
	 	
              and
                for Adjusted Libor Loans:

            
	 	 
	 	
              North
                Fork Bank

            
	 	
              275
                Broad Hollow Road

            
	 	
              Melville,
                NY 11747

            
	 	
              Attention:
                Robert J. Milas

            
	 	
              Vice
                President

            
	 	
              Telephone:
                (631) 531-2394

            
	 	
              Telecopy:
                (631) 531-2797

            
	 	 
	 	 
	 	
              Address
                for Notices:

            
	 	 
	 	
              North
                Fork Bank

            
	 	
              275
                Broad Hollow Road

            
	 	
              Melville,
                NY 11747

            
	 	
              Attention:
                Robert J. Milas

            
	 	
              Vice
                President

            
	 	
              Telephone:
                (631) 531-2394

            
	 	
              Telecopy:
                (631) 531-2797

            

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    
      	
              Revolving
                Credit

            	
              HSBC
                BANK USA,

            
	
              Commitment:
                $27,000,000

            	
              as
                a Lender and as Co-

            
	 	
              Documentation
                Agent

            
	 	 
	 	
              By:/s/
                Christopher J. Mendelsohn

            
	 	
              Name:
                Christopher J. Mendelsohn

            
	 	
              Title:
                First Vice President

            
	 	 
	 	 
	 	
              Lending
                Office for Base Rate Loans

            
	 	
              and
                for Adjusted Libor Loans:

            
	 	 
	 	
              HSBC
                Bank USA

            
	 	
              534
                Broad Hollow Road

            
	 	
              Melville,
                New York 11747

            
	 	
              Attention:
                Christopher J. 

            
	 	
              Mendelsohn,
                First Vice President

            
	 	
              Telephone:
                (631) 752-4343

            
	 	
              Telecopy:
                (631) 752-4340

            
	 	 
	 	
              Address
                for Notices:

            
	 	 
	 	
              HSBC
                Bank USA

            
	 	
              534
                Broad Hollow Road

            
	 	
              Melville,
                New York 11747

            
	 	
              Attention:
                Christopher J. 

            
	 	
              Mendelsohn,
                First Vice President

            
	 	
              Telephone:
                (631) 752-4343

            
	 	
              Telecopy:
                (631) 752-4340

            
	 	 
	 	 

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    
      	
              Revolving
                Credit 

            	 
	
              Commitment;
                $27,000,000

            	
              FIRST
                PIONEER FARM

            
	 	
              CREDIT,
                ACA, 

            
	 	
              as
                a Lender and as Co-

            
	 	
              Documentation
                Agent

            
	 	 
	 	
              By:
                /s/
                Carol L. Sobson

            
	 	
              By:
                Carol L. Sobson 

            
	 	
              Title:
                Vice President

            
	 	 
	 	
              Lending
                Office for Base Rate Loans 

            
	 	
              and
                for Adjusted Libor Loans:

            
	 	 
	 	
              First
                Pioneer Farm Credit, ACA 

            
	 	
              174
                South Road 

            
	 	
              Enfield,
                Connecticut 06082 

            
	 	
              Attention:
                James D. Miller, 

            
	 	
              Senior
                Vice President - Finance 

            
	 	
              Telephone:
                (860)741-4380 

            
	 	
              Telecopy:
                (860) 741-4389

            
	 	 
	 	
              Address
                for Notices:

            
	 	 
	 	
              First
                Pioneer Farm Credit, ACA

            
	 	
              174
                South Road

            
	 	
              Enfield,
                Connecticut 06082

            
	 	
              Attention:
                Carol L. Sobson, Vice President

            
	 	
              Telephone:
                (860) 741-4380

            
	 	
              Telecopy:
                (860) 741-4389

            
	 	 

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    
      	
              Revolving
                Credit 

            	 
	
              Commitment:
                $10,000,000

            	
              THE
                BANK OF NEW YORK, 

            
	 	
              as
                a Lender

            
	 	 
	 	 
	 	
              By:
                /s/
                Edward P. Nallan, Jr.

            
	 	
              Name:
                Edward P. Nallan, Jr.

            
	 	
              Title:
                Vice President

            
	 	 
	 	
              Lending
                Office for Base Rate Loans

            
	 	
              and
                for Adjusted Libor Loans:

            
	 	 
	 	
              The
                Bank of New York 

            
	 	
              1401
                Franklin Avenue 

            
	 	
              Garden
                City, New York 11530 

            
	 	
              Attention:
                Edward P. Nallan 

            
	 	
              Telephone:
                (516)294-2269 

            
	 	
              Telecopy:
                (516) 294-2055

            
	 	 
	 	
              Address
                for Notices:

            
	 	 
	 	
              The
                Bank of New York 

            
	 	
              1401
                Franklin Avenue 

            
	 	
              Garden
                City, New York 11530 

            
	 	
              Attention:
                Edward P. Nallan 

            
	 	
              Telephone:
                (516) 294-2269 

            
	 	
              Telecopy:
                (516) 294-2055

            
	 	 
	 	 

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    
      	
              Revolving
                Credit

            	 
	
              Commitment:
                $27,000,000

            	
              KEYBANK
                NATIONAL

            
	 	
              ASSOCIATION,
                

            
	 	
              as
                a Lender and as Co-Syndication 

            
	 	
              Agent

            
	 	 
	 	 
	 	
              By:
                /s/
                Jeffrey R. Dincher

            
	 	
              Name:
                Jeffrey R. Dincher

            
	 	
              Title:
                Assistant Vice President

            
	
               

            	 
	 	
              Lending
                Office for Base Rate Loans

            
	 	
              and
                for Adjusted Libor Loans:

            
	 	 
	 	
              KeyBank
                National Association 

            
	 	
              127
                Public Square 

            
	 	
              Cleveland,
                Ohio 44144 

            
	 	
              Attention;
                Melissa Pelham

            
	 	
              Telephone:
                (216) 689-0206

            
	 	
              Telecopy:
                (216) 689-5962

            
	 	 
	 	
              Address
                for Notices:

            
	 	 
	 	
              KeyBank
                National Association

            
	 	
              127
                Public Square

            
	 	
              Cleveland,
                Ohio 44144

            
	 	
              Attention:
                Jeff Dincher, Portfolio 

            
	 	
              Manager

            
	 	
              Telephone:
                (216) 689-5562

            
	 	
              Telecopy:
                (216)689-4981

            
	 	 
	 	 

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    
      	
              Revolving
                Credit

            	
              CITIBANK,
                N.A.,

            
	
              Commitment:
                $27,000,000

            	
              as
                a Lender and as Co-Syndication 

            
	 	
              Agent

            
	 	 
	 	 
	 	
              By:
                /s/
                William A. DeMilt, Jr.

            
	 	
              Name:
                William A. DeMilt, Jr. 

            
	 	
              Title:
                Vice President

            
	 	 
	 	
              Lending
                Office for Base Rate Loans 

            
	 	
              and
                for Adjusted Libor Loans:

            
	 	 
	 	
              Citibank,
                N.A.

            
	 	
              1
                Reckson Plaza

            
	 	
              Uniondale,
                New York 11556

            
	 	
              Attention:
                Joann Alter

            
	 	
              Telephone:
                (516) 296-6173

            
	 	
              Telecopy:
                (212) 296-5394

            
	 	 
	 	
              Address
                for Notices:

            
	 	 
	 	
              Citibank,
                N.A.

            
	 	
              1
                Reckson Plaza

            
	 	
              Uniondale,
                New York 11556

            
	 	
              Attention:
                Joann Alter

            
	 	
              Telephone:
                (516) 296-6173

            
	 	
              Telecopy:
                (212) 296-5394

            
	 	 
	 	 

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    
      	
              Revolving
                Credit

            	
              JPMorgan
                Chase Bank, N.A.,

            
	
              Commitment:
                $15,000,000

            	
              as
                a Lender

            
	 	 
	 	 
	 	 
	 	
              By:
                /s/
                Jules Panno

            
	 	
              Name:
                Jules Panno

            
	 	
              Title:
                Vice President

            
	 	 
	 	
              Lending
                Office for Base Rate Loans 

            
	 	
              and
                for Adjusted Libor Loans:

            
	 	 
	 	
              JPMorgan
                Chase Bank, N.A.

            
	 	
              395
                North Service Road - 3rd
                Floor

            
	 	
              Melville,
                NY 11747

            
	 	
              Attention:
                Jules Panno

            
	 	
              Telecopy:
                (631) 755-5184

            
	 	 
	 	
              Address
                for Notices:

            
	 	 
	 	
              JPMorgan
                Chase Bank, N.A.

            
	 	
              395
                North Service Road - 3rd
                Floor

            
	 	
              Melville,
                NY 11747

            
	 	
              Attention:
                John Budzynski

            
	 	
              Telephone:
                (631) 755-5179

            
	 	
              Telecopy:
                (631) 755-5184

            
	 	 

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    
      	
              Revolving
                Credit

            	
              KBC
                BANK N.V.,

            
	
              Commitment:
                $15,000,000

            	
              as
                a Lender

            
	 	 
	 	 
	 	 
	 	
              By:
                /s/
                Michael Curran

            
	 	
              Name:
                Michael Curran

            
	 	
              Title:
                First Vice President

            
	 	 
	 	
              By:/s/
                Robert M. Surdam

            
	 	
              Name:
                Robert M. Surdam

            
	 	
              Title:
                Vice President

            
	 	 
	 	
              Lending
                Office for Base Rate Loans:

            
	 	 
	 	
              KBC
                Bank N.V., New York Branch 

            
	 	
              125
                West 55th Street 

            
	 	
              New
                York, New York 10019 

            
	 	
              Attention:
                Rose Pagan 

            
	 	
              Telephone:
                (212)541-0657 

            
	 	
              Telecopy:
                (212) 956-5581

            
	 	 
	 	
              Lending
                Office for Adjusted Libor Loans:

            
	 	 
	 	
              KBC
                Bank N.V., Grand Cayman Branch 

            
	 	
              125
                West 55th Street 

            
	 	
              New
                York, New York 10019 

            
	 	
              Attention:
                Rose Pagan 

            
	 	
              Telephone:
                (212) 541-0657 

            
	 	
              Telecopy:
                (212)956-5581

            
	 	 
	 	
              Address
                for Notices:

            
	 	 
	 	
              KBC
                Bank N.V

            
	 	
              125
                West 55th Street 

            
	 	
              New
                York, New York 10019 

            
	 	
              Attention:
                Robert Surdam 

            
	 	
              Telephone:
                (212) 541-0704 

            
	 	
              Telecopy:
                (212) 541-0793

            
	 	 
	 	 

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    
      	
              Revolving
                Credit 

            	 
	
              Commitment:
                $25,000,000

            	
              COBANK,
                ACB, as a Lender

            
	 	 
	 	 
	 	 
	 	
              By:
                /s/
                Mary Beth Curry

            
	 	
              Name:
                Mary Beth Curry

            
	 	
              Title:
                Vice President

            
	 	 
	 	
              Lending
                Office for Base Rate Loans 

            
	 	
              and
                for Adjusted Libor Loans:

            
	 	 
	 	
              CoBank,
                ACB

            
	 	
              5500
                S. Quebec Street

            
	 	
              Greenwood
                Village, Colorado 80111

            
	 	
              Attention:
                Deann Sullivan

            
	 	
              Telephone:
                (303) 740-4315

            
	 	
              Telecopy:
                (303) 740-4021

            
	 	 
	 	
              Address
                for Notices:

            
	 	 
	 	
              CoBank,
                ACB

            
	 	
              5500
                S. Quebec Street

            
	 	
              Greenwood
                Village, Colorado 80111

            
	 	
              Attention:
                Thomas N. Martin, Vice President

            
	 	
              Telephone:
                (303) 740-4312

            
	 	
              Telecopy:
                (303) 224-6119

            
	 	 

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    
      	
              Revolving
                Credit 

            	 
	
              Commitment:
                $20,000,000

            	
              Cooperative
                Centrale Raiffeisen-

            
	 	
              Boerenleenbank
                B.A. “Rabobank

            
	 	
              International”,
                New York Branch 

            
	 	
              as
                a Lender

            
	 	 
	 	 
	 	
              By:
                /s/
                Theodore Cox

            
	 	
              Name:
                Theodore Cox 

            
	 	
              Title:
                Executive Director

            
	 	 
	 	
              By:
                /s/
                Rebecca Morrow

            
	 	
              Name:
                Rebecca Morrow

            
	 	
              Title:
                Executive Director

            
	 	 
	 	
              Lending
                Office for Base Rate Loans 

            
	 	
              and
                for Adjusted Libor Loans:

            
	 	 
	 	
              Rabobank
                International 

            
	 	
              245
                Park Ave 

            
	 	
              New
                York, NY 10167 

            
	 	
              Attention:
                Ann McDonough 

            
	 	
              Telephone:
                201-499-5318 

            
	 	
              Telecopy:
                201-499-5326

            
	 	 
	 	
              Address
                for Notices:

            
	 	 
	 	
              Rabobank
                International

            
	 	
              245
                Park Ave

            
	 	
              New
                York, NY 10167

            
	 	
              Attention:
                Theodore W. Cox

            
	 	
              Telephone:
                (404) 877-9109

            
	 	
              Telecopy:
                (404)877-9150

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00103-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00103-of-00352.parquet"}]]