Document:

exv4w7

Exhibit
4.7

ADDITIONAL RECEIVABLES INTERCREDITOR AGREEMENT

by and between

BANK OF AMERICA, N.A.,

as ABL Collateral Agent,

and

BANK OF AMERICA, N.A.,

as New First Lien Collateral Agent

Dated as of August 11, 2009

 

 

TABLE OF CONTENTS

	 	 	 	 	 	 	 
	 	 	 	 	Page No.
	ARTICLE 1

DEFINITIONS
	 
	 	 	 	 	 	 
	Section 1.1

	 	Definitions
	 	 	2	 
	Section 1.2

	 	Rules of Construction
	 	 	10	 
	 
	 	 	 	 	 	 
	ARTICLE 2

LIEN PRIORITY
	 
	 	 	 	 	 	 
	Section 2.1

	 	Priority of Liens
	 	 	11	 
	Section 2.2

	 	Waiver of Right to Contest Liens
	 	 	12	 
	Section 2.3

	 	Remedies Standstill
	 	 	12	 
	Section 2.4

	 	Exercise of Rights
	 	 	14	 
	Section 2.5

	 	No New Liens
	 	 	15	 
	Section 2.6

	 	Waiver of Marshaling
	 	 	16	 
	 
	 	 	 	 	 	 
	ARTICLE 3

ACTIONS OF THE PARTIES
	 
	 	 	 	 	 	 
	Section 3.1

	 	Certain Actions Permitted
	 	 	16	 
	Section 3.2

	 	Agent for Perfection
	 	 	16	 
	Section 3.3

	 	Inspection and Access Rights
	 	 	17	 
	Section 3.4

	 	Insurance
	 	 	17	 
	Section 3.5

	 	Exercise of Remedies—Set-off and Tracing of and
Priorities in Proceeds
	 	 	17	 
	 
	 	 	 	 	 	 
	ARTICLE 4

APPLICATION OF PROCEEDS
	 
	 	 	 	 	 	 
	Section 4.1

	 	Application of Proceeds
	 	 	18	 
	Section 4.2

	 	Specific Performance
	 	 	19	 
	 
	 	 	 	 	 	 
	ARTICLE 5

INTERCREDITOR ACKNOWLEDGMENTS AND WAIVERS
	 
	 	 	 	 	 	 
	Section 5.1

	 	Notice of Acceptance and Other Waivers
	 	 	20	 
	Section 5.2

	 	Modifications to ABL Documents and New First Lien Documents
	 	 	21	 
	Section 5.3

	 	Reinstatement and Continuation of Agreement
	 	 	22	 
	 
	 	 	 	 	 	 
	ARTICLE 6

INSOLVENCY PROCEEDINGS
	 
	 	 	 	 	 	 
	Section 6.1

	 	DIP Financing
	 	 	23	 

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	 	 	 	 	Page No.
	Section 6.2

	 	Relief from Stay
	 	 	24	 
	Section 6.3

	 	No Contest; Adequate Protection
	 	 	24	 
	Section 6.4

	 	Asset Sales
	 	 	25	 
	Section 6.5

	 	Separate Grants of Security and Separate Classification
	 	 	25	 
	Section 6.6

	 	Enforceability
	 	 	25	 
	Section 6.7

	 	ABL Obligations Unconditional
	 	 	25	 
	 
	 	 	 	 	 	 
	ARTICLE 7

MISCELLANEOUS
	 
	 	 	 	 	 	 
	Section 7.1

	 	Rights of Subrogation
	 	 	26	 
	Section 7.2

	 	Further Assurances
	 	 	26	 
	Section 7.3

	 	Representations
	 	 	27	 
	Section 7.4

	 	Amendments
	 	 	27	 
	Section 7.5

	 	Addresses for Notices
	 	 	27	 
	Section 7.6

	 	No Waiver; Remedies
	 	 	28	 
	Section 7.7

	 	Continuing Agreement; Transfer of Secured Obligations
	 	 	28	 
	Section 7.8

	 	Governing Law; Entire Agreement
	 	 	28	 
	Section 7.9

	 	Counterparts
	 	 	28	 
	Section 7.10

	 	No Third Party Beneficiaries
	 	 	28	 
	Section 7.11

	 	Headings
	 	 	29	 
	Section 7.12

	 	Severability
	 	 	29	 
	Section 7.13

	 	Attorneys Fees
	 	 	29	 
	Section 7.14

	 	VENUE; JURY TRIAL WAIVER
	 	 	29	 
	Section 7.15

	 	Intercreditor Agreement
	 	 	29	 
	Section 7.16

	 	Effectiveness
	 	 	30	 
	Section 7.17

	 	Collateral Agents
	 	 	30	 
	Section 7.18

	 	No Warranties or Liability
	 	 	30	 
	Section 7.19

	 	Conflicts
	 	 	30	 
	Section 7.20

	 	Information Concerning Financial Condition of the Credit Parties
	 	 	30	 
	Section 7.21

	 	Acknowledgement
	 	 	31	 

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ADDITIONAL RECEIVABLES INTERCREDITOR AGREEMENT

     THIS ADDITIONAL RECEIVABLES INTERCREDITOR AGREEMENT (as amended, supplemented, restated or
otherwise modified from time to time pursuant to the terms hereof, this “Agreement”) is entered
into as of August 11, 2009 between BANK OF AMERICA, N.A. (“Bank of America”), in its
capacity as collateral agent for the ABL Obligations (as defined below), and Bank of America, in
its capacity as collateral agent for the New First Lien Obligations (as defined below).

RECITALS

     A. HCA INC., a Delaware corporation (the “Company”), is party to the Credit Agreement
dated as of November 17, 2006, as amended and restated as of June 20, 2007 and as amended as of
March 2, 2009 (as may be further amended, restated, supplemented, waived, Refinanced or otherwise
modified from time to time (including without limitation to add new loans thereunder or increase
the amount of loans thereunder), the “ABL Credit Agreement”), among the Company, the
several Subsidiary Borrowers party thereto, the Lenders party thereto from time to time, BANK OF
AMERICA, N.A., as Administrative Agent, Swingline Lender and Letter of Credit Issuer, JPMORGAN
CHASE BANK, N.A. and CITIGROUP GLOBAL MARKETS INC., as Co-Syndication Agents, BANC OF AMERICA
SECURITIES LLC, J.P. MORGAN SECURITIES INC., CITIGROUP GLOBAL MARKETS INC. and MERRILL LYNCH,
PIERCE, FENNER & SMITH INCORPORATED, as Joint Lead Arrangers and Bookrunners, DEUTSCHE BANK
SECURITIES INC. and WACHOVIA CAPITAL MARKETS LLC, as Joint Bookrunners, and MERRILL LYNCH CAPITAL
CORPORATION, as Documentation Agent. The ABL Credit Agreement is designated by the Company to be
included in the definition of “ABL Facility” under the New First Lien Agreement (as defined below)
and the Obligations thereunder constitute ABL Obligations within the meaning of the New First Lien
Agreement.

     B. The Company is party to the Indenture dated as of August 11, 2009 (as may be amended,
restated, supplemented, waived, Refinanced or otherwise modified from time to time, the “New
First Lien Agreement”), among the Company, the Guarantors identified therein, Law Debenture
Trust Company of New York, as trustee (the “New First Lien Trustee”), and Deutsche Bank
Trust Company Americas, as paying agent, registrar and transfer agent.

     C. Bank of America, N.A., as ABL collateral agent, Bank of America, as collateral agent for
the holders of Obligations under the CF Credit Agreement, and The Bank of New York, as collateral
agent for the holders of notes issued under the Second Lien Notes Indentures, are party to that
certain Receivables Intercreditor Agreement (the “Original Receivables Intercreditor
Agreement”) dated as of November 17, 2006, which sets forth and governs the relative rights,
privileges and obligations with respect to the Common Collateral as between the ABL Collateral
Agent, on the one hand, and the Subordinated Lien Collateral Agent and Subordinated Lien Secured
Parties (each as defined therein), on the other hand.

     D. Bank of America, N.A., as collateral agent for the lenders and other secured parties under
the CF Credit Agreement, and The Bank of New York Mellon, as collateral agent for the noteholders
and other secured parties pursuant to the Second Lien Notes Indentures, are party

 

 

to that certain General Intercreditor Agreement (the “Original General Intercreditor
Agreement”), dated as of November 17, 2006, which sets forth and governs the relative rights,
privileges and obligations with respect to the collateral described therein (including, without
limitation, the Shared Receivables Collateral) as between the First Lien Secured Parties (as
defined therein), on the one hand, and the Junior Lien Secured Parties (as defined therein), on the
other hand.

     E. Bank of America, N.A., as first lien collateral agent, The Bank of New York Mellon, as
junior lien collateral agent and as trustee under the 2006 Indenture, and The Bank of New York
Mellon Trust Company, N.A., as trustee under the 2009 Indenture, are party to that certain
Additional General Intercreditor Agreement (the “Additional General Intercreditor
Agreement”), dated as of August 11, 2009, which sets forth and governs the relative rights,
privileges and obligations with respect to the collateral described therein (including without
limitation, the Shared Receivables Collateral) as between the New First Lien Secured Parties (as
defined therein), on the one hand, and the Junior Lien Secured Parties, on the other hand.

     F. Bank of America, N.A., as collateral agent for the holders of Obligations under the CF
Credit Agreement, the New First Lien Agreement and the April 2009 Indenture (as defined below) and
as authorized representative for the holders of Obligations under the CF Credit Agreement, and Law
Debenture Trust Company of New York, as authorized representative for the holders of the
Obligations under the April 2009 Indenture, are party to that certain First Lien Intercreditor
Agreement (the “First Lien Intercreditor Agreement”), dated as of April 22, 2009, which
sets forth and governs the relative rights, privileges and obligations with respect to the
collateral described therein (including, without limitation, the Shared Receivables Collateral) as
among the holders of Obligations under the CF Credit Agreement, the New First Lien Secured Parties
and any series of Additional First Lien Secured Parties (as defined therein) and to which the New
First Lien Secured Parties have joined by virtue of the Additional First Lien Secured Party
Consent, dated as of August 11, 2009.

     Accordingly, in consideration of the foregoing, the mutual covenants and obligations herein
set forth and for other good and valuable consideration, the sufficiency and receipt of which are
hereby acknowledged, the parties hereto, intending to be legally bound, hereby agree as follows:

ARTICLE 1

DEFINITIONS

     Section 1.1 Definitions. Unless the context otherwise requires, all capitalized terms used but
not defined herein shall have the meanings set forth in the ABL Credit Agreement and the New First
Lien Agreement, in each case as in effect on August 11, 2009. In addition, as used in this
Agreement, the following terms shall have the meanings set forth below:

     “ABL Collateral Agent” shall mean Bank of America, in its capacity as collateral agent
for the lenders and other secured parties under the ABL Credit Agreement and the other ABL
Documents entered into pursuant to the ABL Credit Agreement, together with its successors and
permitted assigns under the ABL Credit Agreement exercising substantially the same rights and
powers; and in each case provided that if such ABL Collateral Agent is not Bank of America,

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such ABL Collateral Agent shall have become a party to this Agreement and the other applicable
ABL Security Documents.

     “ABL Controlled Accounts” shall mean, collectively, with respect to each Grantor, (i)
all Deposit Accounts and all Securities Accounts and all accounts and sub-accounts relating to any
of the foregoing accounts and (ii) all cash, funds, checks, notes, “securities entitlements” (as
such terms are defined in the UCC) and instruments from time to time on deposit in any of the
accounts or sub-accounts described in clause (i) of this definition, in each case, which are
subject to a control agreement in favor of the ABL Collateral Agent.

     “ABL Documents” means the credit, guarantee and security documents governing the ABL
Obligations, including, without limitation, the ABL Credit Agreement and the ABL Security Documents
and Secured Cash Management Agreements (as defined in the ABL Credit Agreement as in effect on the
date hereof) and Secured Hedge Agreements (as defined in the ABL Credit Agreement as in effect on
the date hereof).

     “ABL Entity” shall mean a direct Subsidiary of a 1993 Indenture Restricted Subsidiary,
substantially all of the business of which consists of financing of accounts receivable and related
assets.

     “ABL Obligations” shall mean all “Obligations” as defined in the ABL Credit Agreement.
For the avoidance of doubt, Obligations with respect to the New First Lien Agreement and the other
New First Lien Documents shall not constitute ABL Obligations.

     “ABL Recovery” shall have the meaning set forth in Section 5.3.

     “ABL Secured Parties” means “Secured Parties” as defined in the ABL Credit Agreement.

     “ABL Security Agreement” means the Security Agreement (as defined in the ABL Credit
Agreement).

     “ABL Security Documents” means the ABL Security Agreement and the other Security
Documents (as defined in the ABL Credit Agreement) and any other agreement, document or instrument
pursuant to which a Lien is granted or purported to be granted securing ABL Obligations or under
which rights or remedies with respect to such Liens are governed.

     “Affiliate” shall mean, with respect to any Person, any other Person directly or
indirectly controlling, controlled by, or under direct or indirect common control with such Person.
A Person shall be deemed to control a corporation if such Person possesses, directly or
indirectly, the power to direct or cause the direction of the management and policies of such
corporation, whether through the ownership of voting securities, by contract or otherwise.

     “Agreement” shall have the meaning assigned to that term in the introduction to this
Agreement.

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     “Bank of America” shall have the meaning assigned to that term in the introduction to
this Agreement.

     “Bankruptcy Code” shall mean Title 11 of the United States Code.

     “Capital Stock” shall mean, as to any Person that is a corporation, the authorized
shares of such Person’s capital stock, including all classes of common, preferred, voting and
nonvoting capital stock, and, as to any Person that is not a corporation or an individual, the
membership or other ownership interests in such Person, including the right to share in profits and
losses, the right to receive distributions of cash and other property, and the right to receive
allocations of items of income, gain, loss, deduction and credit and similar items from such
Person, whether or not such interests include voting or similar rights entitling the holder thereof
to exercise Control over such Person, collectively with, in any such case, all warrants, options
and other rights to purchase or otherwise acquire, and all other instruments convertible into or
exchangeable for, any of the foregoing.

     “CF Credit Agreement” shall mean that certain credit agreement dated as of November
17, 2006 among the Company, HCA UK Capital Limited, a limited liability company (company no.
04779021) formed under the laws of England and Wales, as the European Subsidiary Borrower
thereunder, the Lenders party thereto from time to time, Bank of America, N.A., as administrative
agent, swingline lender and letter of credit issuer, JPMorgan Chase Bank, N.A. and Citigroup Global
Markets Inc., as co-syndication agents, Banc of America Securities LLC, J.P. Morgan Securities
Inc., Citigroup Global Markets Inc. and Merrill Lynch, Pierce, Fenner & Smith Incorporated, as
joint lead arrangers and bookrunners, Deutsche Bank Securities Inc. and Wachovia Capital Markets
LLC, as joint bookrunners, and Merrill Lynch Capital Corporation, as documentation agent, as
amended as of February 16, 2007 and as further amended as of March 2, 2009 and as of June 18, 2009
and as further amended, restated, supplemented, waived, Refinanced or otherwise modified from time
to time.

     “Collateral Agent(s)” means individually the ABL Collateral Agent or the New First
Lien Collateral Agent and collectively means the ABL Collateral Agent and the New First Lien
Collateral Agent.

     “Common Collateral” means Receivables Collateral other than Separate Receivables
Collateral.

     “Comparable New First Lien Security Document” shall mean, in relation to any Common
Collateral subject to any Lien created under any ABL Document, those New First Lien Security
Documents that create a Lien on the same Common Collateral (but only to the extent relating to such
Common Collateral), granted by the same Grantor.

     “Control” shall mean the possession, directly or indirectly, of the power (a) to vote 50% or
more of the securities having ordinary voting power for the election of directors (or any similar
governing body) of a Person, or (b) to direct or cause the direction of the management or policies
of a Person, whether through the ability to exercise voting power, by contract or otherwise. The
terms “Controlling” and “Controlled” have meanings correlative thereto.

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     “Credit Documents” shall mean the ABL Documents and the New First Lien Documents.

     “Deposit Account” shall have the meaning set forth in the UCC.

     “Designated Non-Receivables Accounts” means Deposit Accounts containing exclusively
cash consisting of proceeds from the sale of Non-Receivables Collateral.

     “DIP Financing” shall have the meaning set forth in Section 6.1(a).

     “Discharge of ABL Obligations” shall mean, except to the extent otherwise provided in
Section 5.3, payment in full in cash (except for contingent indemnities and cost and reimbursement
obligations to the extent no claim has been made) of all ABL Obligations and, with respect to
letters of credit or letter of credit guaranties outstanding under the ABL Documents, delivery of
cash collateral or backstop letters of credit in respect thereof in a manner consistent with the
ABL Credit Agreement, in each case after or concurrently with the termination of all commitments to
extend credit thereunder, and the termination of all commitments of ABL Secured Parties under ABL
Documents; provided that the Discharge of ABL Obligations shall not be deemed to have
occurred if such payments are made with the proceeds of other ABL Obligations that constitute an
exchange or replacement for or a Refinancing of such ABL Obligations (unless in connection with
such exchange, replacement or Refinancing all the ABL Obligations are repaid in full in cash (and
the other conditions set forth in this definition prior to the proviso are satisfied) with the
proceeds of a Permitted Receivables Financing (as defined in the ABL Credit Agreement), in which
case a Discharge of ABL Obligations shall be deemed to have occurred). In the event the ABL
Obligations are modified and the ABL Obligations are paid over time or otherwise modified pursuant
to Section 1129 of the Bankruptcy Code, the ABL Obligations shall be deemed to be discharged when
the final payment is made, in cash, in respect of such indebtedness and any obligations pursuant to
such new indebtedness shall have been satisfied.

     “Disposition” has the meaning set forth in Section 2.4(b).

     “Enforcement Notice” shall mean a written notice delivered by the New First Lien
Collateral Agent to the ABL Collateral Agent announcing the commencement of an Exercise of Secured
Creditor Remedies.

     “Exercise Any Secured Creditor Remedies” or “Exercise of Secured Creditor
Remedies” shall mean, except as otherwise provided in the final sentence of this definition:

     (a) the taking by any Secured Party of any action to enforce or realize upon any Lien
on Common Collateral, including the institution of any foreclosure proceedings or the
noticing of any public or private sale pursuant to Article 9 of the Uniform Commercial Code;

     (b) the exercise by any Secured Party of any right or remedy provided to a secured
creditor on account of a Lien on Common Collateral under any of the Credit Documents, under
applicable law, in an Insolvency Proceeding or otherwise, including the election to retain
any of the Common Collateral in satisfaction of a Lien;

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     (c) the taking of any action by any Secured Party or the exercise of any right or
remedy by any Secured Party in respect of the collection on, set off against, marshaling of,
injunction respecting or foreclosure on the Common Collateral or the Proceeds thereof;

     (d) the appointment on the application of a Secured Party, of a receiver, receiver and
manager or interim receiver of all or part of the Common Collateral;

     (e) the sale, lease, license, or other disposition of all or any portion of the Common
Collateral by private or public sale conducted by a Secured Party or any other means at the
direction of a Secured Party permissible under applicable law; or

     (f) the exercise of any other right of a secured creditor under Part 6 of Article 9 of
the Uniform Commercial Code in respect of Common Collateral.

For the avoidance of doubt, none of the following shall be deemed to constitute an Exercise of
Secured Creditor Remedies: (i) the filing a proof of claim in bankruptcy court or seeking adequate
protection, (ii) the exercise of rights by the ABL Collateral Agent upon the occurrence of a Cash
Dominion Event (as defined in the ABL Credit Agreement), including, without limitation, the
notification of account debtors, depository institutions or any other Person to deliver proceeds of
Receivables Collateral to the ABL Collateral Agent (unless and until the Lenders under the ABL
Credit Agreement cease to extend credit to the Borrowers thereunder, in which event an Exercise of
Secured Creditor Remedies shall be deemed to have occurred), (iii) the consent by a Secured Party
to a sale or other disposition by any Grantor of any of its assets or properties, (iv) the
acceleration of all or a portion of the ABL Obligations or any New First Lien Obligations, (v) the
reduction of the borrowing base, advance rates or sub-limits by the Administrative Agent under the
ABL Credit Agreement, the ABL Collateral Agent and the Lenders under the ABL Credit Agreement, (vi)
the imposition of reserves by the ABL Collateral Agent, (vii) an account ceasing to be an “eligible
account” under the ABL Credit Agreement or (viii) any action taken by any ABL Secured Party in
respect of Separate Receivables Collateral. For the avoidance of doubt, the actions permitted by
Sections 2.3(b), 2.4(a) and 3.1 shall not be deemed to be an Exercise of Secured Creditor Remedies.

     “Governmental Authority” shall mean any nation or government, any state or other
political subdivision thereof and any entity exercising executive, legislative, judicial,
regulatory or administrative functions of or pertaining to government.

     “Grantors” shall mean the Company and each Subsidiary that has executed and delivered an ABL
Security Document or a New First Lien Security Document.

     “Indebtedness” shall have the meaning provided in the ABL Credit Agreement and the New First
Lien Agreement as in effect on the date hereof.

     “Insolvency Proceeding” shall mean:

     (1) any case commenced by or against the Company or any other Grantor under any
Bankruptcy Law, any other proceeding for the reorganization, recapitalization or

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adjustment or marshaling of the assets or liabilities of the Company or any other
Grantor, any receivership or assignment for the benefit of creditors relating to the Company
or any other Grantor or any similar case or proceeding relative to the Company or any other
Grantor or its creditors, as such, in each case whether or not voluntary;

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

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

     “Lien” shall mean any mortgage, pledge, security interest, hypothecation, assignment,
lien (statutory or other) or similar encumbrance (including any agreement to give any of the
foregoing, any conditional sale or other title retention agreement or any lease in the nature
thereof).

     “Lien Priority” shall mean with respect to any Lien of the ABL Collateral Agent, the
ABL Secured Parties, the New First Lien Collateral Agent or the New First Lien Secured Parties on
the Common Collateral, the order of priority of such Lien as specified in Section 2.1.

     “New First Lien Agreement” shall have the meaning set forth in the recitals.

     “New First Lien Collateral Agent” shall mean (i) so long as obligations are
outstanding under the New First Lien Agreement, Bank of America, N.A., in its capacity as
collateral agent for the noteholders and other secured parties under the New First Lien Agreement
and the other security documents thereunder, and (ii) at any time thereafter, such agent or trustee
as is designated “New First Lien Collateral Agent” by the New First Lien Secured Parties holding a
majority in principal amount of the New First Lien Obligations then outstanding or pursuant to such
other arrangements as agreed to among the holders of the New First Lien Obligations; it being
understood that as of the date of this Agreement, Bank of America, N.A. shall be such New First
Lien Collateral Agent.

     “New First Lien Documents” means the indenture, credit documents and security
documents governing the New First Lien Obligations, including, without limitation, the New First
Lien Agreement and the New First Lien Security Documents.

     “New First Lien Enforcement Date” means the date which is 180 days after the
occurrence of both (i) a continuing Event of Default (under and as defined in the New First Lien
Agreement) and (ii) the ABL Collateral Agent’s receipt of an Enforcement Notice from the New First
Lien Collateral Agent; provided that the New First Lien Enforcement Date shall be stayed
and shall not occur (or be deemed to have occurred) (A) at any time the ABL Collateral Agent or the
ABL Secured Parties have commenced and are diligently pursuing enforcement action against the
Common Collateral, (B) at any time that any Grantor is then a debtor under or with respect to (or
otherwise subject to) any Insolvency Proceeding, or (C) if the Event of Default un-

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der the New First Lien Agreement is waived or cured in accordance with the terms of the New
First Lien Agreement.

     “New First Lien Obligations” shall mean Obligations under the New First Lien Documents
and Obligations with respect to other Indebtedness permitted to be incurred under the New First
Lien Documents and the ABL Credit Agreement which is by its terms intended to be secured equally
and ratably with the Obligations under the New First Lien Documents or on a basis junior to the
Liens securing the New First Lien Obligations (provided such Lien is permitted to be
incurred under the New First Lien Documents and the ABL Credit Agreement); provided that
the holders of such Indebtedness or their New First Lien Representative is a party to the New First
Lien Security Documents in accordance with the terms thereof and has appointed the New First Lien
Collateral Agent as collateral agent for such holders of New First Lien Obligations with respect to
all or a portion of the Common Collateral.

     “New First Lien Representative” shall mean any duly authorized representative of any
holders of New First Lien Obligations, which representative is a party to the New First Lien
Documents.

     “New First Lien Secured Parties” shall mean (i) so long as the New First Lien
Obligations are outstanding, the New First Lien Trustee and the holders of the New First Lien
Obligations (including any New First Lien Obligations subsequently issued under and in compliance
with the New First Lien Agreement), (ii) the New First Lien Collateral Agent, (iii) the holders
from time to time of any other New First Lien Obligations and (iv) each New First Lien
Representative.

     “New First Lien Security Documents” shall mean (a) so long as the New First Lien
Obligations are outstanding, the Security Documents (as defined in the New First Lien Agreement)
and (b) thereafter, any agreement, document or instrument pursuant to which a Lien is granted or
purported to be granted securing New First Lien Obligations or under which rights or remedies with
respect to such Liens are governed, which in each case may include intercreditor and/or
subordination agreements or arrangements among various New First Lien Secured Parties.

     “1993 Indenture” shall mean the Indenture dated as of December 16, 1993 between the
Company and First National Bank of Chicago, as trustee, as amended, and as may be further amended,
supplemented or modified from time to time.

     “1993 Indenture Restricted Subsidiary” shall mean any Subsidiary that on the date
hereof constitutes a Restricted Subsidiary under (and as defined in) the 1993 Indenture, as in
effect on the date hereof.

     “Non-Receivables Collateral” shall mean all “Collateral” as defined in any New First
Lien Security Document, but excluding all Receivables Collateral.

     “Obligations” means any principal, interest (including any interest accruing
subsequent to the filing of a petition in bankruptcy, reorganization or similar proceeding at the
rate provided for in the documentation with respect thereto, whether or not such interest is an
allowed claim under applicable state, federal or foreign law), premium, penalties, fees,
indemnifications, reim-

-8-

 

bursements (including reimbursement obligations with respect to letters of credit and banker’s
acceptances), damages and other liabilities, and guarantees of payment of such principal, interest,
penalties, fees, indemnifications, reimbursements, damages and other liabilities, payable under the
documentation governing any Indebtedness.

     “Party” shall mean the ABL Collateral Agent or the New First Lien Collateral Agent, and
“Parties” shall mean collectively the ABL Collateral Agent and the New First Lien Collateral Agent.

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

     “Proceeds” shall mean (a) all “proceeds,” as defined in Article 9 of the Uniform Commercial
Code, with respect to the Common Collateral, and (b) whatever is recoverable or recovered when any
Common Collateral is sold, exchanged, collected, or disposed of, whether voluntarily or
involuntarily.

     “Receivables Collateral” means Collateral as defined in the ABL Security Agreement as
in effect on the date hereof. Without expanding the foregoing, for the avoidance of doubt, neither
European Collateral (as defined in the CF Credit Agreement) (whether in the form of accounts
receivable or otherwise), Principal Properties (as defined in the New First Lien Agreement), any
capital stock (or capital stock equivalents) pledged pursuant to any New First Lien Security
Documents, Designated Non-Receivables Accounts nor Mortgaged Properties (as defined in the CF
Credit Agreement) shall constitute Receivables Collateral.

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

     “Second Lien Notes Indentures” means the 2006 Indenture and the 2009 Indenture.

     “Secured Parties” shall mean the ABL Secured Parties and the New First Lien Secured
Parties.

     “Securities Account” has the meaning set forth in the UCC.

     “Separate Receivables Collateral” means Receivables Collateral owned or held by an ABL
Entity and Proceeds (as defined in the ABL Security Agreement) thereof.

     “Shared Receivables Collateral” means Common Collateral.

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     “Subsidiary” shall mean with respect to any Person (the “parent”) at any date, any
corporation, limited liability company, partnership, association or other entity (a) of which
Capital Stock representing more than 50% of the ordinary voting power or, in the case of a
partnership, more than 50% of the general partnership interests are, as of such date, owned,
Controlled or held, or (b) that is, as of such date, otherwise Controlled, by the parent or one or
more subsidiaries of the parent or by the parent and one or more subsidiaries of the parent.

     “2006 Indenture” means the Indenture, dated as of November 17, 2006, among the
Company, the guarantors identified therein and The Bank of New York Mellon, as trustee, as amended,
restated, supplemented, waived, Refinanced or otherwise modified from time to time.

     “2009 Indenture” means the Indenture, dated as of February 19, 2009, among the
Company, the guarantors identified therein, The Bank of New York Trust Company, N.A., as trustee,
and The Bank of New York Mellon, as collateral agent, as amended, restated, supplemented, waived,
Refinanced or otherwise modified from time to time.

     “Uniform Commercial Code” or “UCC” shall mean the Uniform Commercial Code as
the same may, from time to time, be in effect in the State of New York; provided that to the extent
that the Uniform Commercial Code is used to define any term in any security document and such term
is defined differently in differing Articles of the Uniform Commercial Code, the definition of such
term contained in Article 9 shall govern; provided, further, that in the event that, by reason of
mandatory provisions of law, any or all of the attachment, perfection, publication or priority of,
or remedies with respect to, Liens of any Party is governed by the Uniform Commercial Code or
foreign personal property security laws as enacted and in effect in a jurisdiction other than the
State of New York, the term “Uniform Commercial Code” will mean the Uniform Commercial Code or such
foreign personal property security laws as enacted and in effect in such other jurisdiction solely
for purposes of the provisions thereof relating to such attachment, perfection, priority or
remedies and for purposes of definitions related to such provisions.

     Section 1.2 Rules of Construction. Unless the context of this Agreement clearly requires
otherwise, references to the plural include the singular, references to the singular include the
plural, the term “including” is not limiting and shall be deemed to be followed by the phrase
“without limitation,” and the term “or” has, except where otherwise indicated, the inclusive
meaning represented by the phrase “and/or.” The words “hereof,” “herein,” “hereby,” “hereunder,”
and similar terms in this Agreement refer to this Agreement as a whole and not to any particular
provision of this Agreement. Article, section, subsection, clause, schedule and exhibit references
herein are to this Agreement unless otherwise specified. Any reference in this Agreement to any
agreement, instrument, or document shall include all alterations, amendments, changes,
restatements, extensions, modifications, renewals, replacements, substitutions, joinders, and
supplements thereto and thereof, as applicable (subject to any restrictions on such alterations,
amendments, changes, restatements, extensions, modifications, renewals, replacements,
substitutions, joinders, and supplements set forth herein). Any reference herein to any Person
shall be construed to include such Person’s successors and assigns. Any reference herein to the
repayment in full of an obligation shall mean the payment in full in cash of such obligation, or in
such other manner as may be approved in writing by the requisite holders or representatives in

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respect of such obligation, or in such other manner as may be approved by the requisite
holders or representatives in respect of such obligation.

ARTICLE 2

LIEN PRIORITY

     Section 2.1 Priority of Liens.

          (a) Notwithstanding (i) the date, time, method, manner, or order of grant, attachment, or
perfection of any Liens granted to the ABL Collateral Agent or the ABL Secured Parties in respect
of all or any portion of the Common Collateral or of any Liens granted to any New First Lien
Collateral Agent or any New First Lien Secured Parties in respect of all or any portion of the
Common Collateral, and regardless of how any such Lien was acquired (whether by grant, statute,
operation of law, subrogation or otherwise), (ii) the order or time of filing or recordation of any
document or instrument for perfecting the Liens in favor of the ABL Collateral Agent or any New
First Lien Collateral Agent (or the ABL Secured Parties or any of the New First Lien Secured
Parties) on any Common Collateral, (iii) any provision of the Uniform Commercial Code, the
Bankruptcy Code or any other applicable law, or of any of the ABL Documents or any of the New First
Lien Documents, or (iv) whether the ABL Collateral Agent or any New First Lien Collateral Agent, in
each case, either directly or through agents, holds possession of, or has control over, all or any
part of the Common Collateral, the ABL Collateral Agent, on behalf of itself and the ABL Secured
Parties, and the New First Lien Collateral Agent, on behalf of itself and the New First Lien
Secured Parties, hereby agree that:

     (1) any Lien in respect of all or any portion of the Common Collateral now or hereafter
held by or on behalf of the New First Lien Collateral Agent or the New First Lien Secured
Parties that secures all or any portion of the New First Lien Obligations shall in all
respects be junior and subordinate to all Liens granted to the ABL Collateral Agent and the
ABL Secured Parties on the Common Collateral; and

     (2) any Lien in respect of all or any portion of the Common Collateral now or hereafter
held by or on behalf of the ABL Collateral Agent or any ABL Secured Party that secures all
or any portion of the ABL Obligations shall in all respects be senior and prior to all Liens
granted to the New First Lien Collateral Agent or the New First Lien Secured Parties on the
Common Collateral.

The New First Lien Collateral Agent, for and on behalf of itself and each New First Lien Secured
Party, expressly agrees that any Lien purported to be granted on any Common Collateral as security
for the ABL Obligations shall be deemed to be and shall be deemed to remain senior in all respects
and prior to all Liens on the Common Collateral securing any New First Lien Obligations for all
purposes regardless of whether the Lien purported to be granted is found to be improperly granted,
improperly perfected, preferential, a fraudulent conveyance or legally or otherwise deficient in
any manner.

          (b) The ABL Collateral Agent, for and on behalf of itself and the ABL Secured Parties,
acknowledges and agrees that, concurrently herewith, the New First Lien Collateral Agent, for the
benefit of itself and the New First Lien Secured Parties, has been granted Liens

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upon all of the Common Collateral in which the ABL Collateral Agent has been granted
Liens and the ABL Collateral Agent hereby consents thereto. The subordination of Liens by the New
First Lien Collateral Agent in favor of the ABL Collateral Agent as set forth herein shall not be
deemed to subordinate the respective Liens of the New First Lien Collateral Agent or the New First
Lien Secured Parties to Liens securing any other Obligations other than the ABL Obligations
(subject to the First Lien Intercreditor Agreement and the Additional General Intercreditor
Agreement).

     Section 2.2 Waiver of Right to Contest Liens.

          (a) The New First Lien Collateral Agent, for and on behalf of itself and the New First Lien
Secured Parties, agrees that it shall not (and hereby waives any right to) take any action to
contest or challenge (or assist or support any other Person in contesting or challenging), directly
or indirectly, whether or not in any proceeding (including in any Insolvency Proceeding), the
validity, priority, enforceability, or perfection of the Liens of the ABL Collateral Agent and the
ABL Secured Parties in respect of Receivables Collateral or the provisions of this Agreement.
Except to the extent expressly set forth in this Agreement, the New First Lien Collateral Agent,
for itself and on behalf of the New First Lien Secured Parties, agrees that it will not take any
action that would interfere with any Exercise of Secured Creditor Remedies undertaken by the ABL
Collateral Agent or any ABL Secured Party under the ABL Documents with respect to the Common
Collateral. Except to the extent expressly set forth in this Agreement, the New First Lien
Collateral Agent, for itself and on behalf of the New First Lien Secured Parties, hereby waives any
and all rights it may have as a junior lien creditor or otherwise to contest, protest, object to,
or interfere with the manner in which the ABL Collateral Agent or any ABL Secured Party seeks to
enforce its Liens in any Common Collateral.

          (b) The ABL Collateral Agent, for and on behalf of itself and the ABL Secured Parties, agrees
that it and they shall not (and hereby waives any right to) take any action to contest or challenge
(or assist or support any other Person in contesting or challenging), directly or indirectly,
whether or not in any proceeding (including in any Insolvency Proceeding), the validity, priority,
enforceability, or perfection of the respective Liens of the New First Lien Collateral Agent or the
New First Lien Secured Parties in respect of the Common Collateral or the provisions of this
Agreement.

     Section 2.3 Remedies Standstill.

          (a) The New First Lien Collateral Agent, on behalf of itself and the New First Lien Secured
Parties, agrees that, from the date hereof until the date upon which the Discharge of ABL
Obligations shall have occurred, neither the New First Lien Collateral Agent nor any New First Lien
Secured Party will Exercise Any Secured Creditor Remedies with respect to any Common Collateral
without the written consent of the ABL Collateral Agent, and will not take, receive or accept any
Proceeds of Common Collateral, it being understood and agreed that the temporary deposit of
Proceeds of Common Collateral in a Deposit Account controlled by the New First Lien Collateral
Agent shall not constitute a breach of this Agreement so long as such Proceeds are promptly
remitted to the ABL Collateral Agent; provided that, subject to Section 4.1(b) and the
provisions of the First Lien Intercreditor Agreement, upon the occurrence of the New First Lien
Enforcement Date, the New First Lien Collateral Agent acting on behalf of itself

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and the New First Lien Secured Parties may exercise such remedies without such prior written
consent of the other Collateral Agent. Subject to the First Lien Intercreditor Agreement, from and
after the date upon which the Discharge of ABL Obligations shall have occurred (or prior thereto
upon the occurrence of the New First Lien Enforcement Date), the New First Lien Collateral Agent or
any New First Lien Secured Party may Exercise Any Secured Creditor Remedies under the New First
Lien Documents or applicable law as to any Common Collateral.

          (b) Notwithstanding the provisions of Section 2.3(a) or any other provision of this Agreement
but subject to the First Lien Intercreditor Agreement, nothing contained herein shall be construed
to prevent any Collateral Agent or any Secured Party from (i) filing a claim or statement of
interest with respect to the ABL Obligations or New First Lien Obligations owed to it in any
Insolvency Proceeding commenced by or against any Grantor, (ii) taking any action (not adverse to
the priority status of the Liens of the other Collateral Agent or other Secured Parties on the
Common Collateral in which such other Collateral Agent or other Secured Parties has a priority Lien
or the rights of the other Collateral Agent or any of the other Secured Parties to exercise
remedies in respect thereof) in order to create, perfect, preserve or protect (but not enforce) its
Lien on any Common Collateral, (iii) filing any necessary or responsive pleadings in opposition to
any motion, adversary proceeding or other pleading filed by any Person objecting to or otherwise
seeking disallowance of the claim or Lien of such Collateral Agent or Secured Party, (iv) filing
any pleadings, objections, motions, or agreements which assert rights available to unsecured
creditors of the Grantors arising under any Insolvency Proceeding or applicable non-bankruptcy law,
(vi) voting on any plan of reorganization or file any proof of claim in any Insolvency Proceeding
of any Grantor, or (vii) objecting to the proposed retention of collateral by any other Collateral
Agent or any other Secured Party in full or partial satisfaction of any ABL Obligations or New
First Lien Obligations due to such other Collateral Agent or Secured Party, in each case (i)
through (vii) above to the extent not inconsistent with, or could not result in a resolution
inconsistent with, the terms of this Agreement.

          (c) Subject to Section 2.3(b), (i) the New First Lien Collateral Agent, for itself and on
behalf of the New First Lien Secured Parties, agrees that neither it nor any such New First Lien
Secured Party will take any action that would hinder any exercise of remedies undertaken by the ABL
Collateral Agent or the ABL Secured Parties with respect to the Receivables Collateral, including
any sale, lease, exchange, transfer or other disposition of Receivables Collateral, whether by
foreclosure or otherwise, and (ii) the New First Lien Collateral Agent, for itself and on behalf of
the New First Lien Secured Parties, hereby waives any and all rights it or any such New First Lien
Secured Party may have as a junior lien creditor or otherwise to object to the manner in which the
ABL Collateral Agent or the ABL Secured Parties seek to enforce or collect the ABL Obligations or
the Liens granted in any of the Receivables Collateral, regardless of whether any action or failure
to act by or on behalf of the ABL Collateral Agent or ABL Secured Parties is adverse to the
interests of the New First Lien Secured Parties.

          (d) The New First Lien Collateral Agent, for itself and on behalf of the New First Lien
Secured Parties, hereby acknowledges and agrees that no covenant, agreement or restriction
contained in any New First Lien Document shall be deemed to restrict in any way the rights and
remedies of the ABL Collateral Agent or the ABL Secured Parties with respect to the Receivables
Collateral as set forth in this Agreement and the ABL Documents.

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          (e) Subject to Section 2.3(b), the New First Lien Collateral Agent, for itself and on behalf
of the New First Lien Secured Parties, agrees that, unless and until the Discharge of ABL
Obligations has occurred, it will not commence, or join with any Person (other than the ABL Secured
Parties and the ABL Collateral Agent upon the request thereof) in commencing, any enforcement,
collection, execution, levy or foreclosure action or proceeding with respect to any Lien held by it
in the Common Collateral.

          (f) Notwithstanding the foregoing, clauses (c), (d) and (e) of this Section 2.3 shall not
apply from and after the occurrence of the New First Lien Enforcement Date, subject to the First
Lien Intercreditor Agreement.

     Section 2.4 Exercise of Rights.

          (a) No Other Restrictions. Except as otherwise expressly set forth in Section 2.1(a),
Section 2.2(a), Section 2.3, Section 3.5 and Article 6 of this Agreement and subject to the First
Lien Intercreditor Agreement, the New First Lien Collateral Agent and each New First Lien Secured
Party may exercise rights and remedies as an unsecured creditor against the Company or any
Subsidiary that has guaranteed the New First Lien Obligations in accordance with the terms of the
New First Lien Documents and applicable law. Nothing in this Agreement shall prohibit the receipt
by the New First Lien Collateral Agent or any New First Lien Secured Party of the required payments
of interest and principal so long as such receipt is not the direct or indirect result of the
exercise by the New First Lien Collateral Agent or any New First Lien Secured Party of rights or
remedies as a secured creditor in respect of Common Collateral or enforcement in contravention of
this Agreement of any Lien in respect of New First Lien Obligations held by any of them or in any
Insolvency Proceeding. In the event the New First Lien Collateral Agent or any New First Lien
Secured Party becomes a judgment lien creditor or other secured creditor in respect of Common
Collateral as a result of its enforcement of its rights as an unsecured creditor in respect of New
First Lien Obligations or otherwise, such judgment or other lien shall be subordinated to the Liens
securing ABL Obligations on the same basis as the other Liens securing the New First Lien
Obligations are so subordinated to such Liens securing ABL Obligations under this Agreement.
Nothing in this Agreement impairs or otherwise adversely affects any rights or remedies the ABL
Collateral Agent or the ABL Secured Parties may have with respect to the Receivables Collateral.
Furthermore, subject to Section 3.3 hereof, for the avoidance of doubt, nothing in this Agreement
shall restrict any right any New First Lien Secured Party may have (secured or otherwise) in any
property or asset of any Grantor that does not constitute Common Collateral.

          (b) Release of Liens. If at any time any Grantor or any ABL Secured Party delivers
notice to the New First Lien Collateral Agent with respect to any specified Common Collateral that:

     (A) such specified Common Collateral is sold, transferred or otherwise disposed of (a
“Disposition”) by the owner of such Common Collateral in a transaction permitted
under the ABL Credit Agreement and the New First Lien Agreement; or

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     (B) the ABL Secured Parties are releasing or have released their Liens on such Common
Collateral in connection with a Disposition in connection with an Exercise of Secured
Creditor Remedies with respect to such Common Collateral,

then the Liens upon such Common Collateral securing New First Lien Obligations will automatically
be released and discharged as and when, but only to the extent, such Liens on such Common
Collateral securing ABL Obligations are released and discharged (provided that in the case
of clause (B) of this Section 2.4(b), the Liens on any Common Collateral disposed of in connection
with an Exercise of Secured Creditor Remedies shall be automatically released but any proceeds
thereof not applied to repay ABL Obligations shall be subject to the respective Liens securing New
First Lien Obligations and shall be applied pursuant to Section 4.1). Upon delivery to the New
First Lien Collateral Agent of a notice from the ABL Collateral Agent stating that any such release
of Liens securing or supporting the ABL Obligations has become effective (or shall become effective
upon the New First Lien Collateral Agent’s receipt of such notice), the New First Lien Collateral
Agent shall, at the Company’s expense, promptly execute and deliver such instruments, releases,
termination statements or other documents confirming such release on customary terms, which
instruments, releases and termination statements shall be substantially identical to the comparable
instruments, releases and termination statements executed by the ABL Collateral Agent in connection
with such release. The New First Lien Collateral Agent hereby appoints the ABL Collateral Agent
and any officer or duly authorized person of the ABL Collateral Agent, with full power of
substitution, as its true and lawful attorney-in-fact with full irrevocable power of attorney in
the place and stead of the New First Lien Collateral Agent and in the name of the New First Lien
Collateral Agent or in the ABL Collateral Agent’s own name, from time to time, in the ABL
Collateral Agent’s sole discretion, for the purposes of carrying out the terms of this paragraph,
to take any and all appropriate action and to execute and deliver any and all documents and
instruments as may be necessary or desirable to accomplish the purposes of this paragraph,
including any financing statements, endorsements, assignments, releases or other documents or
instruments of transfer (which appointment, being coupled with an interest, is irrevocable).

     Section 2.5 No New Liens. Until the date upon which the Discharge of ABL Obligations shall have
occurred, the parties hereto agree that no New First Lien Secured Party shall acquire or hold any
Lien on any accounts receivable of any Grantor, the proceeds thereof or any deposit or other
accounts of any Grantor in which accounts receivable or proceeds thereof are held or deposited, in
each case of the type that would constitute Receivables Collateral as described in the definition
thereof (but for the avoidance of doubt, excluding any European Collateral (as defined in the CF
Credit Agreement), whether in the form of accounts receivable or otherwise), securing any New First
Lien Obligation, if such accounts and proceeds are not also subject to the Lien of the ABL
Collateral Agent under the ABL Documents (and subject to the Lien Priorities contemplated herein).
If any New First Lien Secured Party shall (nonetheless and in breach hereof) acquire or hold any
Lien on any such accounts or proceeds securing any New First Lien Obligation, which accounts and
proceeds are not also subject to the Lien of the ABL Collateral Agent under the ABL Documents,
subject to the Lien Priority set forth herein, then the New First Lien Collateral Agent (or the
applicable New First Lien Secured Party) shall, without the need for any further consent of any
other New First Lien Secured Party and notwithstanding anything to the contrary in any other New
First Lien Document, be deemed to also hold and have

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held such Lien as agent or bailee for the benefit of the ABL Collateral Agent as security for
the ABL Obligations (subject to the Lien Priority and other terms hereof) and shall use its best
efforts to promptly notify the ABL Collateral Agent in writing of the existence of such Lien.

     Section 2.6 Waiver of Marshaling. Until the Discharge of the ABL Obligations, the New First Lien
Collateral Agent, on behalf of itself and the New First Lien Secured Parties, agrees not to assert
and hereby waives, to the fullest extent permitted by law, any right to demand, request, plead or
otherwise assert or otherwise claim the benefit of, any marshaling, appraisal, valuation or other
similar right that may otherwise be available under applicable law with respect to the Common
Collateral or any other similar rights a junior secured creditor may have under applicable law.

ARTICLE 3

ACTIONS OF THE PARTIES

     Section 3.1 Certain Actions Permitted. The New First Lien Collateral Agent and the ABL Collateral
Agent may make such demands or file such claims in respect of the New First Lien Obligations or the
ABL Obligations, as applicable, as are necessary to prevent the waiver or bar of such claims under
applicable statutes of limitations or other statutes, court orders, or rules of procedure at any
time. Except as provided in Section 5.2, nothing in this Agreement shall prohibit the receipt by
the New First Lien Collateral Agent or the New First Lien Secured Parties of the required payments
of interest, principal and other amounts owed in respect of the New First Lien Obligations so long
as such receipt is not the direct or indirect result of the exercise by the New First Lien
Collateral Agent or the New First Lien Secured Parties of rights or remedies as a secured creditor
(including set-off with respect to the Receivables Collateral) or enforcement in contravention of
this Agreement of any Lien held by any of them.

     Section 3.2 Agent for Perfection. The New First Lien Collateral Agent appoints the ABL Collateral
Agent, and the ABL Collateral Agent expressly accepts such appointment, to act as agent of the New
First Lien Collateral Agent and the New First Lien Secured Parties under each control agreement
with respect to all ABL Controlled Accounts for the purpose of perfecting the respective security
interests granted under the New First Lien Security Documents. None of the ABL Collateral Agent,
any ABL Secured Party, the New First Lien Collateral Agent or any New First Lien Secured Party, as
applicable, shall have any obligation whatsoever to the others to assure that the Common Collateral
is genuine or owned by the Company, any Grantor or any other Person or to preserve rights or
benefits of any Person. The duties or responsibilities of the ABL Collateral Agent under this
Section 3.2 are and shall be limited solely to holding or maintaining control of the Common
Collateral as agent for the New First Lien Secured Parties for purposes of perfecting the
respective Liens held by the New First Lien Secured Parties. The ABL Collateral Agent is not and
shall not be deemed to be a fiduciary of any kind for the New First Lien Collateral Agent or the
New First Lien Secured Parties, or any other Person. The New First Lien Collateral Agent is not
nor shall it be deemed to be a fiduciary of any kind for any other Collateral Agent or Secured
Party, or any other Person. Prior to the Discharge of ABL Obligations, in the event that the New
First Lien Collateral Agent or any New First Lien Secured Party receives any Common Collateral or
Proceeds of Common Collateral in violation of the terms of this Agreement, then the New First Lien
Collateral Agent or such New First Lien Secured Par-

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ty, as the case may be, shall promptly pay over such Proceeds or Common Collateral to
the ABL Collateral Agent in the same form as received with any necessary endorsements, for
application in accordance with the provisions of Section 4.1 of this Agreement.

     Section 3.3 Inspection and Access Rights. Without limiting any rights the ABL Collateral Agent or
any other ABL Secured Party may otherwise have under applicable law or by agreement, in the event
of any liquidation of any Receivables Collateral (or any other Exercise of Secured Creditor
Remedies by the ABL Collateral Agent) and whether or not the New First Lien Collateral Agent or any
New First Lien Secured Party has commenced and is continuing to Exercise Any Secured Creditor
Remedies of any New First Lien Secured Party, the ABL Collateral Agent shall have the right (a)
during normal business hours on any business day, to access Receivables Collateral that is stored
or located in or on Non-Receivables Collateral, and (b) shall have the right to reasonably use the
Non-Receivables Collateral (including, without limitation, equipment, computers, software,
intellectual property, real property and books and records) in order to inspect, copy or download
information stored on, take actions to perfect its Lien on, or otherwise deal with the Receivables
Collateral, in each case without notice to, the involvement of or interference by the New First
Lien Collateral Agent or any New First Lien Secured Party and without liability to any New First
Lien Secured Party; provided, however, if the New First Lien Collateral Agent takes
actual possession of any Non-Receivables Collateral in contemplation of a sale of such
Non-Receivables Collateral or is otherwise exercising a remedy with respect to Non-Receivables
Collateral, the New First Lien Collateral Agent shall give the ABL Collateral Agent reasonable
opportunity (of reasonable duration and with reasonable advance notice) prior to the New First Lien
Collateral Agent’s sale of any such Non-Receivables Collateral to access Receivables Collateral as
contemplated in (a) and (b) above. For the avoidance of doubt, this Section 3.3 governs the rights
of access and inspection as between the ABL Secured Parties on the one hand and the New First Lien
Secured Parties on the other (and not as between the Secured Parties and the Grantors, which rights
are set forth in and governed by the applicable Credit Documents and are not affected by this
Section 3.3).

     Section 3.4 Insurance. Proceeds of Common Collateral include insurance proceeds and, therefore,
the Lien Priority shall govern the ultimate disposition of insurance proceeds to the extent such
insurance insures Receivables Collateral. Prior to the Discharge of ABL Obligations, the ABL
Collateral Agent shall have the sole and exclusive right, as against the New First Lien Collateral
Agent, to the extent permitted by the ABL Documents and subject to the rights of the Grantors
thereunder, to adjust settlement of insurance claims to the extent such insurance insures
Receivables Collateral in the event of any covered loss, theft or destruction of Receivables
Collateral. Prior to the Discharge of ABL Obligations, all proceeds of such insurance with respect
to Receivables Collateral shall be remitted for application in accordance with Section 4.1 hereof.

     Section 3.5 Exercise of Remedies—Set-off and Tracing of and Priorities in Proceeds. The New
First Lien Collateral Agent, for itself and on behalf of the New First Lien Secured Parties,
acknowledges and agrees that, to the extent the New First Lien Collateral Agent or the New First
Lien Secured Parties exercise their rights of set-off against any Grantor’s Deposit Accounts or
Securities Accounts to the extent constituting or containing Receivables Collateral or proceeds
thereof, the amount of such set-off shall be deemed to be Receivables Collateral to

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be held and distributed pursuant to Section 4.1. In addition, unless and until the Discharge
of ABL Obligations occurs, the New First Lien Collateral Agent and the New First Lien Secured
Parties hereby consent to the application of cash or other proceeds of Receivables Collateral
deposited under control agreements to the repayment of ABL Obligations pursuant to the ABL
Documents.

ARTICLE 4

APPLICATION OF PROCEEDS

     Section 4.1 Application of Proceeds.

          (a) Revolving Nature of ABL Obligations. The New First Lien Collateral Agent, for and
on behalf of itself and the New First Lien Secured Parties, expressly acknowledges and agrees that
(i) the ABL Credit Agreement includes a revolving commitment, that in the ordinary course of
business the ABL Collateral Agent and the ABL Secured Parties will apply payments and make advances
thereunder, and that no application of any Receivables Collateral or the release of any Lien by the
ABL Collateral Agent upon any portion of the Receivables Collateral in connection with a permitted
disposition by the Grantors under the ABL Credit Agreement shall constitute an Exercise of Secured
Creditor Remedies under this Agreement; (ii) subject to the limitations set forth in Section
4.10(b)(1) of the New First Lien Agreement (as in effect on the date hereof) or such additional
amounts as consented to by the holders of New First Lien Obligations (in accordance with the
provisions of the New First Lien Agreement), the amount of the ABL Obligations that may be
outstanding at any time or from time to time may be increased or reduced and subsequently
reborrowed, and that the terms of the ABL Obligations may be modified, extended or amended from
time to time, and that the aggregate amount of the ABL Obligations may be increased, replaced or
Refinanced, in each event, without notice to or consent by the New First Lien Secured Parties and
without affecting the provisions hereof; and (iii) all Receivables Collateral received by the ABL
Collateral Agent may be applied, reversed, reapplied, credited, or reborrowed, in whole or in part,
to the ABL Obligations at any time. The Lien Priority shall not be altered or otherwise affected
by any such amendment, modification, supplement, extension, repayment, reborrowing, increase,
replacement, renewal, restatement or Refinancing of either the ABL Obligations or any New First
Lien Obligations, or any portion thereof.

          (b) Application of Proceeds of Common Collateral. The ABL Collateral Agent and the
New First Lien Collateral Agent hereby agree that all Common Collateral and all Proceeds thereof,
received by any of them in connection with any Exercise of Secured Creditor Remedies with respect
to the Common Collateral shall be applied, first, to the payment of costs and expenses of the ABL
Collateral Agent in connection with such Exercise of Secured Creditor Remedies, and second, to the
payment of the ABL Obligations in accordance with the ABL Documents until the Discharge of ABL
Obligations shall have occurred.

          (c) Payments Over. Any Common Collateral or Receivables Collateral or proceeds
thereof received by the New First Lien Collateral Agent or any New First Lien Secured Party in
connection with the exercise of any right or remedy (including set-off or credit bid) or in any
Insolvency Proceeding relating to the Common Collateral not expressly permitted by this Agreement
or prior to the Discharge of ABL Obligations shall be segregated and held in trust for

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the benefit of and forthwith paid over to the ABL Collateral Agent (and/or its designees) for
the benefit of the ABL Secured Parties in the same form as received, with any necessary
endorsements or as a court of competent jurisdiction may otherwise direct. The ABL Collateral
Agent is hereby authorized to make any such endorsements as agent for the New First Lien Collateral
Agent or the New First Lien Secured Parties. This authorization is coupled with an interest and is
irrevocable.

          (d) Limited Obligation or Liability. In exercising remedies, whether as a secured
creditor or otherwise, the ABL Collateral Agent shall have no obligation or liability to the New
First Lien Collateral Agent or any New First Lien Secured Party regarding the adequacy of any
proceeds realized on any collateral or for any action or omission, save and except solely for an
action or omission that breaches the express obligations undertaken by each Party under the terms
of this Agreement. Notwithstanding anything to the contrary herein contained, none of the Parties
hereto waives any claim that it may have against a Secured Party on the grounds that and sale,
transfer or other disposition by the Secured Party was not commercially reasonable in every respect
as required by the UCC.

          (e) Turnover of Collateral After Discharge. Upon the Discharge of ABL Obligations,
the ABL Collateral Agent shall (a) notify the New First Lien Collateral Agent in writing of the
occurrence of such Discharge of ABL Obligations and (b) subject to the First Lien Intercreditor
Agreement, at the Company’s expense, deliver to the New First Lien Collateral Agent or execute such
documents as the New First Lien Collateral Agent may reasonably request (including assignment of
control agreements with respect to ABL Controlled Accounts) in order to effect a transfer of
control to the New First Lien Collateral Agent over any and all ABL Controlled Accounts in the same
form as received with any necessary endorsements, or as a court of competent jurisdiction may
otherwise direct; provided, however, that the ABL Collateral Agent shall not be
required hereunder to deliver such instruments or documents relating to the control agreements with
respect to ABL Collateral Agreements if, as of the time of such Discharge of ABL Obligations, no
Event of Default (as defined in the New First Lien Agreement) has occurred or is then continuing.
The ABL Collateral Agent shall presume that an Event of Default has occurred and is continuing
under the New First Lien Agreement unless at the time of such Discharge of ABL Obligations the
Company shall have delivered to each of the Collateral Agents an officer’s certificate executed by
an Authorized Officer (as defined in the ABL Credit Agreement) certifying that no such Event of
Default has occurred and is then continuing (and the New First Lien Collateral Agent shall have
confirmed in writing to the ABL Collateral Agent that it has no actual knowledge of the continuance
of an Event of Default under the New First Lien Agreement), upon which the ABL Collateral Agent may
conclusively rely (it being understood that neither such officer’s certificate nor Collateral
Agent’s confirmation will effect whether or not such Event of Default has in fact occurred or is
then in fact continuing).

     Section 4.2 Specific Performance. Each of the ABL Collateral Agent and the New First Lien
Collateral Agent is hereby authorized to demand specific performance of this Agreement, whether or
not the Company or any Grantor shall have complied with any of the provisions of any of the Credit
Documents, at any time when the other Party shall have failed to comply with any of the provisions
of this Agreement applicable to it. Each of the ABL Collateral Agent, for and on behalf of itself
and the ABL Secured Parties, and the New First Lien Colla-

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teral Agent, for and on behalf of itself and the New First Lien Secured Parties, hereby irrevocably
waives any defense based on the adequacy of a remedy at law that might be asserted as a bar to such
remedy of specific performance.

ARTICLE 5

INTERCREDITOR ACKNOWLEDGMENTS AND WAIVERS

     Section 5.1 Notice of Acceptance and Other Waivers.

          (a) All ABL Obligations at any time made or incurred by the Company or any Grantor shall be
deemed to have been made or incurred in reliance upon this Agreement, and the New First Lien
Collateral Agent, on behalf of itself and the New First Lien Secured Parties, hereby waives notice
of acceptance, or proof of reliance by the ABL Collateral Agent or any ABL Secured Party of this
Agreement, and notice of the existence, increase, renewal, extension, accrual, creation, or
non-payment of all or any part of the ABL Obligations. All New First Lien Obligations at any time
made or incurred by the Company or any Grantor shall be deemed to have been made or incurred in
reliance upon this Agreement, and the New First Lien Collateral Agent, on behalf of itself and the
New First Lien Secured Parties, hereby waives notice of acceptance, or proof of reliance, by the
New First Lien Collateral Agent or the New First Lien Secured Parties of this Agreement, and notice
of the existence, increase, renewal, extension, accrual, creation, or non-payment of all or any
part of the New First Lien Obligations.

          (b) None of the ABL Collateral Agent, any ABL Secured Party or any of their respective
Affiliates, directors, officers, employees, or agents shall be liable for failure to demand,
collect or realize upon any of the Common Collateral or any Proceeds thereof, or for any delay in
doing so, or shall be under any obligation to sell or otherwise dispose of any Common Collateral or
Proceeds thereof or to take any other action whatsoever with regard to the Common Collateral or any
part or Proceeds thereof, except as specifically provided in this Agreement. If the ABL Collateral
Agent or any ABL Secured Party honors (or fails to honor) a request by any Borrower under the ABL
Credit Agreement for an extension of credit pursuant to any ABL Credit Agreement or any of the
other ABL Documents, whether the ABL Collateral Agent or any ABL Secured Party has knowledge that
the honoring of (or failure to honor) any such request would constitute a default under the terms
of any New First Lien Document (but not a default under this Agreement) or an act, condition, or
event that, with the giving of notice or the passage of time, or both, would constitute such a
default, or if the ABL Collateral Agent or any ABL Secured Party otherwise should exercise any of
its contractual rights or remedies under any ABL Documents (subject to the express terms and
conditions hereof), neither the ABL Collateral Agent nor any ABL Secured Party shall have any
liability whatsoever to the New First Lien Collateral Agent or any New First Lien Secured Party as
a result of such action, omission, or exercise (so long as any such exercise does not breach the
express terms and provisions of this Agreement). The ABL Collateral Agent and the ABL Secured
Parties shall be entitled to manage and supervise their loans and extensions of credit under any
ABL Credit Agreement and any of the other ABL Documents as they may, in their sole discretion, deem
appropriate, and may manage their loans and extensions of credit without regard to any rights or
interests that the New First Lien Collateral Agent or any New First Lien Secured Party have in the
Common Collateral, except as otherwise expressly set forth in this Agreement. The New First Lien
Collateral Agent,

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on behalf of itself and the New First Lien Secured Parties, agrees that neither the ABL
Collateral Agent nor any ABL Secured Party shall incur any liability as a result of a sale, lease,
license, application, or other disposition of all or any portion of the Common Collateral or
Proceeds thereof, pursuant to the ABL Documents, so long as such disposition is conducted in
accordance with mandatory provisions of applicable law and does not breach the provisions of this
Agreement. The New First Lien Collateral Agent and the New First Lien Secured Parties shall be
entitled to manage and supervise their loans and extensions of credit under any New First Lien
Document as they may, in their sole discretion, deem appropriate, and may manage their loans and
extensions of credit without regard to any rights or interests of the ABL Collateral Agent or any
ABL Secured Parties, except as otherwise expressly set forth in this Agreement.

     Section 5.2 Modifications to ABL Documents and New First Lien Documents.

          (a) In the event that the ABL Collateral Agent or the ABL Secured Parties enter into any
amendment, waiver or consent in respect of or replace any of the ABL Security Documents for the
purpose of adding to, or deleting from, or waiving or consenting to any departures from any
provisions of, any ABL Security Document or changing in any manner the rights of the ABL Collateral
Agent, the ABL Secured Parties, the Company or any other Grantor thereunder (including the release
of any Liens in Common Collateral in accordance with Section 2.4(b)), then such amendment, waiver
or consent, to the extent related to Common Collateral, shall apply automatically to any comparable
provision (but only to the extent as such provision relates to Common Collateral) of each
Comparable New First Lien Security Document without the consent of the New First Lien Collateral
Agent or any New First Lien Secured Party and without any action by the New First Lien Collateral
Agent, any New First Lien Secured Party, the Company or any other Grantor; provided,
however, that such amendment, waiver or consent does not materially adversely affect the
rights of the New First Lien Secured Parties or the interests of the New First Lien Secured Parties
in the Common Collateral in a manner materially different from that affecting the rights of the ABL
Secured Parties thereunder or therein. The ABL Collateral Agent shall give written notice of such
amendment, waiver or consent (along with a copy thereof) to the New First Lien Collateral Agent;
provided, however, that the failure to give such notice shall not affect the
effectiveness of such amendment with respect to the provisions of any New First Lien Security
Document as set forth in this Section 5.2(a). For the avoidance of doubt, no such amendment,
modification or waiver shall apply to or otherwise affect (a) any Non-Receivables Collateral or (b)
any document, agreement or instrument which neither grants nor purports to grant a Lien on, nor
governs nor purports to govern any rights or remedies in respect of, Common Collateral.

          (b) So long as the Discharge of ABL Obligations has not occurred, without the prior written
consent of the ABL Collateral Agent, the New First Lien Collateral Agent shall not consent to
amend, supplement or otherwise modify any, or enter into any new, New First Lien Security Document
relating to Common Collateral to the extent such amendment, supplement or modification, or the
terms of such New First Lien Security Document, would be prohibited by or inconsistent with any of
the terms of this Agreement. The New First Lien Collateral Agent agrees that each New First Lien
Security Document relating to Common Collateral shall include the following language (or language
to similar effect approved by the ABL Collateral Agent):

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“Notwithstanding anything herein to the contrary, the liens and security interests
granted to [the New First Lien Collateral Agent] pursuant to this Agreement and the
exercise of any right or remedy by [the New First Lien Collateral Agent] hereunder
are subject to the limitations and provisions of the Additional Receivables
Intercreditor Agreement, dated as of [ ], 2009 (as amended, restated,
supplemented or otherwise modified from time to time, the “Intercreditor
Agreement”), among Bank of America, N.A., as ABL Collateral Agent, Bank of
America, N.A., as New First Lien Collateral Agent, and certain other persons party
or that may become party thereto from time to time, and consented to by HCA INC. and
the Grantors identified therein. In the event of any conflict between the terms of
the Intercreditor Agreement and the terms of this Agreement, the terms of the
Intercreditor Agreement shall govern and control.”

     The ABL Collateral Agent hereby approves the language set forth in Section 8.15 of the
Amended and Restated Security Agreement, dated as of March 2, 2009, among the Company, the
grantors party thereto and Bank of America as collateral agent, for purposes of this Section
5.2(b). For purposes of this 5.2(b), the reference to the Additional Receivables Intercreditor
Agreement, dated as of April 22, 2009, set forth on the cover page of the First Lien Intercreditor
Agreement shall be deemed to be a reference to this Agreement.

          (c) No consent furnished by the ABL Collateral Agent or the New First Lien Collateral Agent
pursuant to Section 5.2(a) or 5.2(b) hereof shall be deemed to constitute the modification or
waiver of any provisions of the ABL Documents or any of the New First Lien Documents, each of which
remain in full force and effect as written.

          (d) The ABL Obligations and the several New First Lien Obligations may be Refinanced, in whole
or in part, in each case, without notice to, or the consent (except to the extent a consent is
required to permit the refinancing transaction under any ABL Document or any New First Lien
Document) of, the ABL Collateral Agent, the ABL Secured Parties, the New First Lien Collateral
Agent or the New First Lien Secured Parties, as the case may be; provided such Refinancing
does not affect the relative Lien Priorities provided for herein or directly alter the other
provisions hereof to the extent relating to the relative rights, obligations and priorities of the
ABL Secured Parties on the one hand and the New First Lien Secured Parties on the other.

     Section 5.3 Reinstatement and Continuation of Agreement. If the ABL Collateral Agent or any ABL
Secured Party is required in any Insolvency Proceeding or otherwise to turn over or otherwise pay
to the estate of the Company, any Grantor, or any other Person any payment made in satisfaction of
all or any portion of the ABL Obligations (an “ABL Recovery”), then the ABL Obligations
shall be reinstated to the extent of such ABL Recovery. If this Agreement shall have been
terminated prior to such ABL Recovery, this Agreement shall be reinstated in full force and effect
in the event of such ABL Recovery, and such prior termination shall not diminish, release,
discharge, impair, or otherwise affect the obligations of the Parties from such date of
reinstatement. The ABL Collateral Agent shall use commercially reasonable efforts to give written
notice to the New First Lien Collateral Agent of the occurrence of any such ABL Recovery
(provided that the failure to give such notice shall not affect the ABL Collateral Agent’s
rights hereunder, except it being understood that the New First Lien Collateral

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Agent shall not be charged with knowledge of such ABL Recovery or required to take any actions
based on such ABL Recovery until it has received such written notice of the occurrence of such ABL
Recovery).

     All rights, interests, agreements, and obligations of the ABL Collateral Agent, the New First
Lien Collateral Agent, the ABL Secured Parties and the New First Lien Secured Parties under this
Agreement shall remain in full force and effect and shall continue irrespective of the commencement
of, or any discharge, confirmation, conversion, or dismissal of, any Insolvency Proceeding by or
against the Company or any Grantor or any other circumstance which otherwise might constitute a
defense (other than a defense that such obligations have in fact been repaid) available to, or a
discharge of the Company or any Grantor in respect of the ABL Obligations or the New First Lien
Obligations. No priority or right of the ABL Collateral Agent or any ABL Secured Party shall at
any time be prejudiced or impaired in any way by any act or failure to act on the part of the
Company or any Grantor or by the noncompliance by any Person with the terms, provisions, or
covenants of any of the ABL Documents, regardless of any knowledge thereof which the ABL Collateral
Agent or any ABL Secured Party may have.

ARTICLE 6

INSOLVENCY PROCEEDINGS

     Section 6.1 DIP Financing.

          (a) If the Company or any Grantor shall be subject to any Insolvency Proceeding at any time
prior to the Discharge of ABL Obligations, and the ABL Collateral Agent or the ABL Secured Parties
shall seek to provide the Company or any Grantor with, or consent to a third party providing, any
financing under Section 364 of the Bankruptcy Code or consent to any order for the use of cash
collateral constituting Receivables Collateral under Section 363 of the Bankruptcy Code (each, a
“DIP Financing”), with such DIP Financing to be secured by all or any portion of the
Receivables Collateral (including assets that, but for the application of Section 552 of the
Bankruptcy Code would be Receivables Collateral) but not any other asset or any Non-Receivables
Collateral, then the New First Lien Collateral Agent, on behalf of itself and the New First Lien
Secured Parties, agrees that it will raise no objection and will not support any objection to such
DIP Financing or use of cash collateral or to the Liens securing the same on the grounds of a
failure to provide “adequate protection” for the Liens of the New First Lien Collateral Agent
securing the New First Lien Obligations or on any other grounds (and will not request any adequate
protection solely as a result of such DIP Financing or use of cash collateral that is Receivables
Collateral, except as permitted by Section 6.3(b)), so long as (i) the New First Lien Collateral
Agent retains its Lien on the Common Collateral to secure the New First Lien Obligations (in each
case, including Proceeds thereof arising after the commencement of the case under the Bankruptcy
Code); (ii) the terms of the DIP Financing do not compel the applicable Grantor to seek
confirmation of a specific plan of reorganization for which all or substantially all of the
material terms of such plan are set forth in the DIP Financing documentation or related document;
and (iii) all Liens on Common Collateral securing any such DIP Financing shall be senior to or on a
parity with the Liens of the ABL Collateral Agent and the ABL Secured Parties securing the ABL
Obligations on Common Collateral; provided, however, that nothing contained in this
Agreement shall prohibit or restrict the New First Lien Collateral Agent or any New First

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Lien Secured Party from raising any objection or supporting any objection to such DIP
Financing or use of cash collateral or to the Liens securing the same on the grounds of a failure
to provide “adequate protection” for the Liens of the New First Lien Collateral Agent on
Non-Receivables Collateral securing the New First Lien Obligations.

          (b) All Liens granted to the ABL Collateral Agent or the New First Lien Collateral Agent in
any Insolvency Proceeding, whether as adequate protection or otherwise, are intended by the Parties
to be and shall be deemed to be subject to the Lien Priority and the other terms and conditions of
this Agreement.

     Section 6.2 Relief from Stay. The New First Lien Collateral Agent, on behalf of itself and the
New First Lien Secured Parties, agrees not to seek relief from the automatic stay or any other stay
in any Insolvency Proceeding in respect of any portion of the Common Collateral without the ABL
Collateral Agent’s express written consent.

     Section 6.3 No Contest; Adequate Protection.

          (a) The New First Lien Collateral Agent, on behalf of itself and the New First Lien Secured
Parties, agrees that it shall not contest (or support any other Person contesting) (x) any request
by the ABL Collateral Agent or any ABL Secured Party for adequate protection of its interest in the
Common Collateral, (y) any objection by the ABL Collateral Agent or any ABL Secured Party to any
motion, relief, action, or proceeding based on a claim by the ABL Collateral Agent or any ABL
Secured Party that its interests in the Common Collateral are not adequately protected (or any
other similar request under any law applicable to an Insolvency Proceeding), so long as any Liens
granted to the ABL Collateral Agent as adequate protection of its interests are subject to this
Agreement or (z) any lawful exercise by the ABL Collateral Agent or any ABL Secured Party of the
right to credit bid ABL Obligations at any sale of Common Collateral or Receivables Collateral;
provided, however, that nothing contained in this Agreement shall prohibit or
restrict the New First Lien Collateral Agent or any New First Lien Secured Party from contesting or
challenging (or support any other Person contesting or challenging) any request by the ABL
Collateral Agent or any ABL Secured Party for “adequate protection” (or the grant of any such
“adequate protection”) to the extent such “adequate protection” is in the form of a Lien on any
Non-Receivables Collateral.

          (b) Notwithstanding the foregoing provisions in this Section 6.3, in any Insolvency
Proceeding, if the ABL Secured Parties (or any subset thereof) are granted adequate protection with
respect to Common Collateral in the form of additional collateral (even if such collateral is not
of a type which would otherwise have constituted Common Collateral (unless such additional
collateral is an asset of an ABL Entity)), then the ABL Collateral Agent, on behalf of itself and
the ABL Secured Parties, agrees that the New First Lien Collateral Agent, on behalf of itself
and/or any of the New First Lien Secured Parties, may, subject to the First Lien Intercreditor
Agreement, seek or request (and the ABL Secured Parties will not oppose such request) adequate
protection with respect to its interests in such Common Collateral in the form of a Lien on the
same additional collateral, which Lien will be subordinated to the Liens securing the ABL
Obligations on the same basis as the other Liens of the New First Lien Collateral Agent on the
Common Collateral (it being understood that to the extent that any such additional collateral
constituted Non-Receivables Collateral at the time it was granted to the ABL Secured Parties, the

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Lien thereon in favor of the ABL Secured Parties shall be subordinate in all respects to the
Liens thereon in favor of the New First Lien Secured Parties).

     Section 6.4 Asset Sales. The New First Lien Collateral Agent agrees, on behalf of itself and the
New First Lien Secured Parties, that it will not oppose any sale consented to by the ABL Collateral
Agent of any Common Collateral pursuant to Section 363(f) of the Bankruptcy Code (or any similar
provision under the law applicable to any Insolvency Proceeding) so long as the proceeds of such
sale are applied in accordance with this Agreement.

     Section 6.5 Separate Grants of Security and Separate Classification. The New First Lien
Collateral Agent, each New First Lien Secured Party, each ABL Secured Party and the ABL Collateral
Agent each acknowledge and agree that (i) the grants of Liens pursuant to the ABL Security
Documents on the one hand and the New First Lien Security Documents on the other hand constitute
separate and distinct grants of Liens and the New First Lien Secured Parties’ claims against the
Company and/or any Grantor in respect of Common Collateral constitute junior claims separate and
apart (and of a different class) from the senior claims of the ABL Secured Parties against the
Company and the Grantors in respect of Common Collateral and (ii) because of, among other things,
their differing rights in the Common Collateral, the New First Lien Obligations are fundamentally
different from the ABL Obligations and must be separately classified in any plan of reorganization
proposed or adopted in an Insolvency Proceeding. To further effectuate the intent of the parties
as provided in the immediately preceding sentence, if it is held that the claims of the ABL Secured
Parties and any New First Lien Secured Parties in respect of the Common Collateral constitute only
one secured claim (rather than separate classes of senior and junior secured claims), then the ABL
Secured Parties and the New First Lien Secured Parties hereby acknowledge and agree that all
distributions shall be made as if there were separate classes of ABL Obligation claims and New
First Lien Obligation claims against the Grantors (with the effect being that, to the extent that
the aggregate value of the Common Collateral is sufficient (for this purpose ignoring all claims
held by the New First Lien Secured Parties), the ABL Secured Parties shall be entitled to receive,
in addition to amounts distributed to them in respect of principal, pre-petition interest and other
claims, all amounts owing in respect of post-petition interest at the relevant contract rate,
before any distribution is made in respect of the claims held by the New First Lien Secured Parties
from such Common Collateral), with the New First Lien Secured Parties hereby acknowledging and
agreeing to turn over to the ABL Secured Parties amounts otherwise received or receivable by them
to the extent necessary to effectuate the intent of this sentence, even if such turnover has the
effect of reducing the aggregate recoveries.

     Section 6.6 Enforceability. The provisions of this Agreement are intended to be and shall be enforceable
under Section 510(a) of the Bankruptcy Code.

     Section 6.7 ABL Obligations Unconditional. All rights, interests, agreements and obligations of
the ABL Collateral Agent and the ABL Secured Parties, and the New First Lien Collateral Agent and
the New First Lien Secured Parties, respectively, hereunder shall remain in full force and effect
irrespective of:

     (a) any lack of validity or enforceability of any ABL Documents or any New First Lien
Documents;

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     (b) any change in the time, manner or place of payment of, or in any other terms of,
all or any of the ABL Obligations or New First Lien Obligations, or any amendment or waiver
or other modification, including any increase in the amount thereof, whether by course of
conduct or otherwise, of the terms of the ABL Credit Agreement or any other ABL Document or
of the terms of the New First Lien Agreement or any other New First Lien Document;

     (c) any exchange of any security interest in any Receivables Collateral or any other
collateral, or any amendment, waiver or other modification, whether in writing or by course
of conduct or otherwise, of all or any of the ABL Obligations or New First Lien Obligations
or any guarantee thereof;

     (d) the commencement of any Insolvency Proceeding in respect of the Company or any
other Grantor; or

     (e) any other circumstances that otherwise might constitute a defense (other than a
defense that such obligations have in fact been repaid) available to, or a discharge of, the
Company or any other Grantor in respect of ABL Obligations or New First Lien Obligations in
respect of this Agreement.

ARTICLE 7

MISCELLANEOUS

     Section 7.1 Rights of Subrogation. The New First Lien Collateral Agent, for and on behalf of
itself and the New First Lien Secured Parties, agrees that no payment to the ABL Collateral Agent
or any ABL Secured Party pursuant to the provisions of this Agreement shall entitle the New First
Lien Collateral Agent or such New First Lien Secured Party to exercise any rights of subrogation in
respect thereof until the Discharge of ABL Obligations shall have occurred. Following the
Discharge of ABL Obligations, the ABL Collateral Agent agrees to execute such documents,
agreements, and instruments as the New First Lien Collateral Agent or any New First Lien Secured
Party may reasonably request, at the Company’s expense, to evidence the transfer by subrogation to
any such Person of an interest in the ABL Obligations resulting from payments to the ABL Collateral
Agent by such Person.

     Section 7.2 Further Assurances. The Parties will, at their own expense and at any time and from
time to time, promptly execute and deliver all further instruments and documents, and take all
further action, that may be necessary or desirable, or that any Party may reasonably request, in
order to protect any right or interest granted or purported to be granted hereby or to enable the
ABL Collateral Agent or the New First Lien Collateral Agent to exercise and enforce its rights and
remedies hereunder; provided, however, that no Party shall be required to pay over
any payment or distribution, execute any instruments or documents, or take any other action
referred to in this Section 7.2, to the extent that such action would contravene any law, order or
other legal requirement or any of the terms or provisions of this Agreement, and in the event of a
controversy or dispute, such Party may interplead any payment or distribution in any court of
competent jurisdiction, without further responsibility in respect of such payment or distribution
under this Section 7.2.

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     Section 7.3 Representations. The New First Lien Collateral Agent represents and warrants for itself to
the ABL Collateral Agent that it has the requisite power and authority under the New First Lien
Documents to enter into, execute, deliver, and carry out the terms of this Agreement on behalf of
itself and the New First Lien Secured Parties and that this Agreement shall be binding obligations
of the New First Lien Collateral Agent and the New First Lien Secured Parties, enforceable against
the New First Lien Collateral Agent and the New First Lien Secured Parties in accordance with its
terms. The ABL Collateral Agent represents and warrants to the New First Lien Collateral Agent
that it has the requisite power and authority under the ABL Documents to enter into, execute,
deliver, and carry out the terms of this Agreement on behalf of itself and the ABL Secured Parties
and that this Agreement shall be binding obligations of the ABL Collateral Agent and the ABL
Secured Parties, enforceable against the ABL Collateral Agent and the ABL Secured Parties in
accordance with its terms.

     Section 7.4 Amendments. No amendment or waiver of any provision of this Agreement nor consent to any
departure by any Party hereto shall be effective unless it is in a written agreement executed by
the New First Lien Collateral Agent and the ABL Collateral Agent, and consented to in writing by
the Company, and then such waiver or consent shall be effective only in the specific instance and
for the specific purpose for which given. Notwithstanding anything in this Section 7.4 to the
contrary, this Agreement may be amended from time to time at the request of the Company, at the
Company’s expense, and without the consent of the ABL Collateral Agent, any ABL Secured Party, the
New First Lien Collateral Agent or any New First Lien Secured Party to (i) provide for a
replacement ABL Collateral Agent in accordance with the ABL Documents (including for the avoidance
of doubt to provide for a replacement ABL Collateral Agent assuming such role in connection with
any Refinancing of the ABL Credit Agreement not prohibited by the New First Lien Agreement),
provide for a replacement New First Lien Collateral Agent in accordance with the New First Lien
Documents (including for the avoidance of doubt to provide for a replacement New First Lien
Collateral Agent assuming such role in connection with any Refinancing of the New First Lien
Documents permitted hereunder) and/or secure additional extensions of credit or add other parties
holding ABL Obligations or New First Lien Obligations to the extent such Indebtedness does not
expressly violate the ABL Credit Agreement or the New First Lien Agreement and (ii) in the case of
such additional New First Lien Obligations, (a) establish that the Lien on the Common Collateral
securing such New First Lien Obligations shall be junior and subordinate in all respects to all
Liens on the Common Collateral securing any ABL Obligations (at least to the same extent as (taken
together as a whole) the Liens on Common Collateral in favor of the New First Lien Obligations are
junior and subordinate to the Liens on Common Collateral in favor of the ABL Obligations pursuant
to this Agreement immediately prior to the incurrence of such additional New First Lien
Obligations) and (b) provide to the holders of such New First Lien Obligations (or any agent or
trustee thereof) the comparable rights and benefits (including any improved rights and benefits
that have been consented to by the ABL Collateral Agent) as are provided to the New First Lien
Secured Parties under this Agreement.

     Section 7.5 Addresses for Notices. All notices to the ABL Secured Parties and the New First Lien
Secured Parties permitted or required under this Agreement may be sent to the applicable Collateral
Agent for such Secured Party, respectively, as provided in the applicable Credit Document. Unless
otherwise specifically provided herein, any notice or other

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communication herein required or permitted to be given shall be in writing and may be
personally served, telecopied, electronically mailed or sent by courier service or U.S. mail and
shall be deemed to have been given when delivered in person or by courier service, upon receipt of
a telecopy or electronic mail or upon receipt via U.S. mail (registered or certified, with postage
prepaid and properly addressed).

     Section 7.6 No Waiver; Remedies. No failure on the part of any Party to exercise, and no delay in
exercising, any right hereunder shall operate as a waiver thereof; nor shall any single or partial
exercise of any right hereunder preclude any other or further exercise thereof or the exercise of
any other right. The remedies herein provided are cumulative and not exclusive of any remedies
provided by law.

     Section 7.7 Continuing Agreement; Transfer of Secured Obligations. This Agreement is a continuing
agreement and shall (a) subject to Section 5.3, remain in full force and effect until the Discharge
of ABL Obligations shall have occurred, (b) be binding upon the Parties and their successors and
assigns, and (c) inure to the benefit of and be enforceable by the Parties and their respective
successors, transferees and assigns. Nothing herein is intended, or shall be construed to give,
any other Person any right, remedy or claim under, to or in respect of this Agreement or any Common
Collateral. All references to any Grantor shall include any Grantor as debtor-in-possession and
any receiver or trustee for such Grantor in any Insolvency Proceeding. Without limiting the
generality of the foregoing clause (c), the ABL Collateral Agent, any ABL Secured Party, the New
First Lien Collateral Agent and any New First Lien Secured Party may assign or otherwise transfer
all or any portion of the ABL Obligations or the New First Lien Obligations, as applicable, to any
other Person (other than the Company, any Grantor or any Affiliate of the Company or any Grantor
and any Subsidiary of the Company or any Grantor), and such other Person shall thereupon become
vested with all the rights and obligations in respect thereof granted to the ABL Collateral Agent,
the New First Lien Collateral Agent, any ABL Secured Party or any New First Lien Secured Party, as
the case may be, herein or otherwise. The ABL Secured Parties and the New First Lien Secured
Parties may continue, at any time and without notice to the other parties hereto, to extend credit
and other financial accommodations, lend monies and provide Indebtedness to, or for the benefit of,
any Grantor on the faith hereof.

     Section 7.8 Governing Law; Entire Agreement. The validity, performance, and enforcement of this
Agreement shall be governed by, and construed in accordance with, the laws of the State of New
York. This Agreement constitutes the entire agreement and understanding among the Parties with
respect to the subject matter hereof and supersedes any prior agreements, written or oral, with
respect thereto.

     Section 7.9 Counterparts. This Agreement may be executed in any number of counterparts, including by
means of facsimile or “pdf” file thereof, and it is not necessary that the signatures of all
Parties be contained on any one counterpart hereof, each counterpart will be deemed to be an
original, and all together shall constitute one and the same document.

     Section 7.10 No Third Party Beneficiaries. This Agreement is solely for the benefit of the ABL
Collateral Agent, the ABL Secured Parties, the New First Lien Collateral Agent and the New First
Lien Secured Parties. No other Person (including the Company, any Grantor or

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any Affiliate or Subsidiary of the Company or any Grantor) shall be deemed to be a third party
beneficiary of this Agreement.

     Section 7.11 Headings. The headings of the articles and sections of this Agreement are inserted for
purposes of convenience only and shall not be construed to affect the meaning or construction of
any of the provisions hereof.

     Section 7.12 Severability. If any of the provisions in this Agreement shall, for any reason, be held
invalid, illegal or unenforceable in any respect, such invalidity, illegality, or unenforceability
shall not affect any other provision of this Agreement and shall not invalidate the Lien Priority
or the application of Proceeds and other priorities set forth in this Agreement.

     Section 7.13 Attorneys’ Fees. The Parties agree that if any dispute, arbitration, litigation, or
other proceeding is brought with respect to the enforcement of this Agreement or any provision
hereof, the prevailing party in such dispute, arbitration, litigation, or other proceeding shall be
entitled to recover its reasonable attorneys’ fees and all other costs and expenses incurred in the
enforcement of this Agreement, irrespective of whether suit is brought.

     Section 7.14 VENUE; JURY TRIAL WAIVER.

          (a) The parties hereto consent to the jurisdiction of any state or federal court located in
New York, New York, and consent that all service of process may be made by registered mail directed
to such party as provided in Section 7.5 for such party. Service so made shall be deemed to be
completed three days after the same shall be posted as aforesaid. The parties hereto waive any
objection to any action instituted hereunder in any such court based on forum non conveniens, and
any objection to the venue of any action instituted hereunder in any such court. EACH OF THE
PARTIES HERETO WAIVES ANY RIGHT IT MAY HAVE TO TRIAL BY JURY IN RESPECT OF ANY LITIGATION BASED ON,
OR ARISING OUT OF, UNDER OR IN CONNECTION WITH THIS AGREEMENT, OR ANY COURSE OF CONDUCT, COURSE OF
DEALING, VERBAL OR WRITTEN STATEMENT OR ACTION OF ANY PARTY HERETO IN CONNECTION WITH THE SUBJECT
MATTER HEREOF.

          (b) EACH PARTY TO THIS AGREEMENT IRREVOCABLY CONSENTS TO SERVICE OF PROCESS IN THE MANNER
PROVIDED FOR NOTICES IN SECTION 7.5. NOTHING IN THIS AGREEMENT WILL AFFECT THE RIGHT OF ANY PARTY
TO THIS AGREEMENT TO SERVE PROCESS IN ANY OTHER MANNER PERMITTED BY LAW.

     Section 7.15 Intercreditor Agreement. This Agreement is the Additional Receivables Intercreditor
Agreement referred to in the New First Lien Documents. Nothing in this Agreement shall be deemed
to subordinate the obligations due to (i) any ABL Secured Party to the obligations due to any New
First Lien Secured Party or (ii) any New First Lien Secured Party to the obligations due to any ABL
Secured Party (in each case, whether before or after the occurrence of an Insolvency Proceeding),
it being the intent of the Parties that this Agreement shall effectuate a subordination of Liens
but not a subordination of Indebtedness.

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     Notwithstanding anything to the contrary contained in this Agreement, each party hereto agrees
that the New First Lien Secured Parties may enter into intercreditor agreements (or similar
arrangements (including without limitation the First Lien Intercreditor Agreement and the
Additional General Intercreditor Agreement)) governing the rights, benefits and privileges as among
the New First Lien Secured Parties and holders of certain other indebtedness of the Company in
respect of the Common Collateral, this Agreement and the other New First Lien Documents, including
as to application of proceeds of the Common Collateral, voting rights, control of the Common
Collateral and waivers with respect to the Common Collateral, in each case so long as the terms
thereof do not violate or conflict with the provisions of this Agreement or the New First Lien
Documents. In any event, if a respective intercreditor agreement (or similar arrangement) exists,
the provisions thereof shall not be (or be construed to be) an amendment, modification or other
change to this Agreement and the provisions of this Agreement and the other ABL Security Documents
and New First Lien Security Documents shall remain in full force and effect in accordance with the
terms hereof and thereof (as such provisions may be amended, modified or otherwise supplemented
from time to time in accordance with the terms hereof and thereof, including to give effect to any
intercreditor agreement (or similar arrangement)).

     Section 7.16 Effectiveness. This Agreement shall become effective when executed and delivered by
the parties hereto. This Agreement shall be effective both before and after the commencement of
any Insolvency Proceeding.

     Section 7.17 Collateral Agents. It is understood and agreed that (a) Bank of America is entering
into this Agreement in its capacity as collateral agent under the ABL Credit Agreement, and the
provisions of Section 13 of the ABL Credit Agreement applicable to the administrative agent and
collateral agent thereunder shall also apply to the ABL Collateral Agent hereunder and (b) Bank of
America is entering into this Agreement in its capacity as collateral agent under the New First
Lien Agreement, and the provisions of Section 11.02 of the New First Lien Agreement applicable to
the collateral agent thereunder shall also apply to the New First Lien Collateral Agent hereunder.

     Section 7.18 No Warranties or Liability. Each of the ABL Collateral Agent and the New First Lien
Collateral Agent acknowledges and agrees that neither of them has made any representation or
warranty with respect to the execution, validity, legality, completeness, collectability or
enforceability of any other ABL Document or New First Lien Document, as the case may be.

     Section 7.19 Conflicts. In the event of any conflict between the provisions of this Agreement and the
provisions of any Credit Document, the provisions of this Agreement shall govern.

     Section 7.20 Information Concerning Financial Condition of the Credit Parties. Each of the New
First Lien Collateral Agent and the ABL Collateral Agent hereby assumes responsibility for keeping
itself informed of the financial condition of the Grantors and all other circumstances bearing upon
the risk of nonpayment of the ABL Obligations or the New First Lien Obligations. The ABL
Collateral Agent and the New First Lien Collateral Agent each hereby agrees that no party shall
have any duty to advise any other party of information known to it regarding such condition or any
such circumstances. In the event either the ABL Collateral

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Agent or the New First Lien Collateral Agent, in its sole discretion, undertakes at any time
or from time to time to provide any information to any other party to this Agreement, (a) it shall
be under no obligation (i) to provide any such information to any other party or any other party on
any subsequent occasion, (ii) to undertake any investigation not a part of its regular business
routine, or (iii) to disclose any other information, or (b) it makes no representation as to the
accuracy or completeness of any such information and shall not be liable for any information
contained therein, and (c) the Party receiving such information hereby to hold the other Party
harmless from any action the receiving Party may take or conclusion the receiving Party may reach
or draw from any such information, as well as from and against any and all losses, claims, damages,
liabilities, and expenses to which such receiving Party may become subject arising out of or in
connection with the use of such information.

     Section 7.21 Acknowledgement. The New First Lien Collateral Agent hereby acknowledges for itself
and on behalf of each New First Lien Secured Party that there are assets of the Company and its
Subsidiaries (including Grantors) which are subject to Liens in favor of the ABL Collateral Agent
or other creditors but which do not constitute Common Collateral and nothing in this Agreement
shall grant or imply the grant of any Lien or other security interest in such assets in favor of
any New First Lien Secured Party to secure any New First Lien Obligations. The ABL Collateral
Agent hereby acknowledges for itself and on behalf of each ABL Secured Party that there are assets
of the Company and its Subsidiaries (including Grantors) which are subject to Liens in favor of the
New First Lien Collateral Agent or other creditors but which do not constitute Common Collateral
and nothing in this Agreement shall grant or imply the grant of any Lien or other security interest
in such assets in favor of the ABL Collateral Agent to secure any ABL Obligations and nothing in
this Agreement shall affect or limit the rights of the New First Lien Collateral Agent or any New
First Lien Secured Party in any Non-Receivables Collateral or any other assets of the Company or
any of its Subsidiaries (other than Receivables Collateral) securing any New First Lien
Obligations. The New First Lien Collateral Agent acknowledges and agrees that the relative
priorities, as among the New First Lien Secured Parties, the holders of Obligations under the CF
Credit Agreement and any Additional First Lien Secured Parties (as defined in the First Lien
Intercreditor Agreement), of the Liens granted on Common Collateral are governed by the First Lien
Intercreditor Agreement.

[Signature pages follow]

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     IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the date first
written above.

	 	 	 	 	 
	 

	 	BANK OF AMERICA, N.A.,

as ABL Collateral Agent
	 
	 	 	 	 
	 

	 	By:
	 	/s/ Liliana Claar
	 

	 	 	 	 
	 

	 	 	 	Name: Liliana Claar

Title:   Vice President

S-1

 

	 	 	 	 	 
	 

	 	BANK OF AMERICA, N.A.,

as New First Lien Collateral Agent
	 
	 	 	 	 
	 

	 	By:
	 	/s/ Liliana Claar
	 

	 	 	 	 
	 

	 	 	 	Name: Liliana Claar

Title:   Vice President

S-1

 

CONSENT OF COMPANY AND GRANTORS

Dated: August 11, 2009

     Reference is made to the Additional Receivables Intercreditor Agreement dated as of the date
hereof between Bank of America, N.A., as ABL Collateral Agent, and Bank of America, N.A., as New
First Lien Collateral Agent, as the same may be amended, restated, supplemented, waived, or
otherwise modified from time to time (the “Intercreditor Agreement”). Capitalized terms
used but not defined herein shall have the meanings assigned to such terms in the Intercreditor
Agreement.

     Each of the undersigned Grantors has read the foregoing Intercreditor Agreement and consents
thereto. Each of the undersigned Grantors agrees not to take any action that would be contrary to
the express provisions of the foregoing Intercreditor Agreement applicable to it, agrees to abide
by the requirements expressly applicable to it under the foregoing Intercreditor Agreement and
agrees that, except as otherwise provided therein, no ABL Secured Party or New First Lien Secured
Party shall have any liability to any Grantor for acting in accordance with the provisions of the
foregoing Intercreditor Agreement. Each Grantor understands that the foregoing Intercreditor
Agreement is for the sole benefit of the ABL Secured Parties and the New First Lien Secured Parties
and their respective successors and assigns, and that such Grantor is not an intended beneficiary
or third party beneficiary thereof except to the extent otherwise expressly provided therein.

     Without limitation to the foregoing, each Grantor agrees to take such further action and shall
execute and deliver such additional documents and instruments (in recordable form, if requested) as
the ABL Collateral Agent or the New First Lien Collateral Agent (or any of their respective agents
or representatives) may reasonably request to effectuate the terms of and the lien priorities
contemplated by the Intercreditor Agreement.

     This Consent shall be governed and construed in accordance with the laws of the State of New
York. Notices delivered to any Grantor pursuant to this Consent shall be delivered in accordance
with the notice provisions set forth in the ABL Credit Agreement.

 

 

     IN WITNESS WHEREOF, this Consent is hereby executed by each of the Grantors as of the date
first written above.

	 	 	 	 	 
	 

	 	HCA INC.
	 
	 	 	 	 
	 

	 	By:
	 	/s/ David G. Anderson
	 

	 	 	 	 
	 

	 	 	 	Name: David G. Anderson

Title:   Senior Vice President — Finance and Treasurer

 

 

	 	 	 	 	 
	 

	 	Each of the GUARANTORS

listed on Schedule I hereto
	 
	 	 	 	 
	 

	 	By:
	 	/s/ R. Milton Johnson
	 

	 	 	 	 
	 

	 	 	 	Name: R. Milton Johnson

Title:   Senior Vice Presidentexv10w1

EXHIBIT 10.1

INDEMNIFICATION AGREEMENT

     THIS INDEMNIFICATION AGREEMENT (the “Agreement”) is made as of this                      day
of                    , 200___, by and between UCBH Holdings, Inc., a Delaware corporation (the
“Corporation”), and                                         , an individual (“Indemnitee”).

RECITALS

     A. The Corporation and Indemnitee recognize that unforeseen litigation may subject
directors, officers and agents to costs and expenses.

     B. The Corporation desires to attract and retain the services of highly qualified individuals,
such as Indemnitee, to serve as directors, officers and agents of the Corporation and to indemnify
its directors, officers and agents so as to provide them with the maximum protection permitted by
law.

     In consideration of the Recitals set forth above and the mutual covenants and agreements set
forth below, the Corporation and Indemnitee do hereby agree as follows:

AGREEMENT

     1. Indemnification and Expense Advancement.

          (a) Proceedings Other than by Right of the Corporation. The Corporation shall
indemnify Indemnitee if Indemnitee was or is a party or is threatened to be made a party to any
proceeding (other than an action by or in the right of the Corporation to procure a judgment in its
favor) by reason of the fact that Indemnitee is or was an Agent (as defined in Section 1(i) below)
of the Corporation, against costs, expenses, judgments, fines, settlements and other amounts
actually and reasonably incurred in connection with such proceeding if Indemnitee acted in good
faith and in a manner Indemnitee reasonably believed to be in or not opposed to the best interests
of the Corporation and, in the case of a criminal proceeding, has no reasonable cause to believe
the conduct of Indemnitee was unlawful. The termination of any proceeding by judgment, order,
settlement, conviction or upon a plea of nolo contendere or its equivalent shall not, of itself,
create a presumption that Indemnitee did not act in good faith and in a manner which Indemnitee
reasonably believed to be in the best interests of the Corporation or that Indemnitee had
reasonable cause to believe that Indemnitee’s conduct was unlawful.

          (b) Proceedings By or in the Right of the Corporation. The Corporation shall
indemnify Indemnitee if Indemnitee was or is a party or is threatened to be made a party to any
threatened, pending or completed action by or in the right of the Corporation to procure a judgment
in its favor by reason of the fact that Indemnitee is or was an Agent of the Corporation, against
expenses actually and reasonably incurred by Indemnitee in connection with the defense or
settlement of such action if Indemnitee acted in good faith, in a manner Indemnitee believed

1

 

to be in or not opposed to the best interests of the Corporation and its stockholders; except that
no indemnification shall be made under this Section 1(b) for any of the following:

               (i) In respect of any claim, issue or matter as to which Indemnitee shall have been adjudged
to be liable to the Corporation in the performance of Indemnitee’s duty to the Corporation and its
stockholders, unless and only to the extent that the court in which such proceeding is or was
pending or the Delaware Court of Chancery shall determine upon application that, in view of all the
circumstances of the case, Indemnitee is fairly and reasonably entitled to indemnity for the
expenses which such court shall determine;

               (ii) Of amounts paid in settling or otherwise disposing of a pending action without court
approval; or

               (iii) Of expenses incurred in defending a pending action which is settled or otherwise
disposed of without court approval.

          (c) Determination of Right of Indemnification. Any indemnification under Sections
1(a) and (b) shall be made by the Corporation only if authorized in the specific case, upon a
determination that indemnification of Indemnitee is proper in the circumstances because Indemnitee
has met the applicable standard of conduct set forth above in Sections 1(a) and (b) by any of the
following:

               (i) A majority vote of a quorum of the Corporation’s board of directors consisting of
directors who are not parties to such proceeding; or

               (ii ) If such a quorum of directors is not obtainable, by independent legal counsel in a
written opinion; or

               (iii) Approval of the stockholders by the affirmative vote of a majority of the shares
entitled to vote represented at a duly held meeting at which a quorum is present or by the written
consent of stockholders as provided in the Bylaws, with the shares owned by the person to be
indemnified not being entitled to vote thereon; or

               (iv) By the court in which such proceeding is or was pending upon application made by the
Corporation or its Agent or attorney or other person rendering services in connection with the
defense, whether or not such application by the Agent, attorney or other person is opposed by the
Corporation.

          (d) Advances of Expenses. Expenses (including reasonable attorneys’ and experts’
fees), costs, and charges incurred in defending any proceeding shall be advanced promptly by the
Corporation prior to the final disposition of such proceeding upon receipt of a written undertaking
by or on behalf of Indemnitee to repay such amount unless it shall be determined ultimately that
Indemnitee is entitled to be indemnified as authorized in this Section 1. The form of such
undertaking shall be substantially similar to Exhibit A hereto.

2

 

          (e) Indemnification Against Expenses of Successful Party. Notwithstanding the other
provisions of this Section 1, to the extent that Indemnitee has been successful on the merits in a
defense of any proceeding, claim, issue or matter referred to in Sections 1(a) and (b), Indemnitee
shall be indemnified against all expenses actually and reasonably incurred by Indemnitee in
connection therewith.

          (f) Right of Indemnitee to Indemnification Upon Application; Procedure Upon
Application. Any indemnification provided for in Sections 1(a), (b) or (e) shall be made no
later than ninety (90) days after the Corporation is given notice of request by Indemnitee,
provided that any indemnification under Sections 1(a) and (b) is authorized pursuant to Section
1(c). Any such request for indemnification must be made within ninety (90) days of the final
adjudication, dismissal, or settlement of the matter for which Indemnitee seeks indemnification,
unless an appeal is filed, in which case the request may be made within ninety (90) days after the
appeal is resolved (hereafter referred to as “Final Disposition”). Upon such notice, if a quorum
of directors who were not parties to the action, suit, or proceeding giving rise to indemnification
is obtainable, the Corporation shall within two (2) weeks call a Board of Directors meeting to be
held within four (4) weeks of such notice, to make a determination as to whether Indemnitee has met
the applicable standard of conduct. Otherwise, if a quorum consisting of directors who were not
parties in the relevant action, suit, or proceeding is not obtainable, the Corporation shall retain
(at the Corporation’s expense) independent legal counsel chosen either jointly by the Corporation
and Indemnitee or else by the Corporation’s counsel within two (2) weeks to make such
determination.

               If notice of a request for payment of a claim under any statute, under this Agreement, or
under the Corporation’s Certificate of Incorporation or Bylaws providing for indemnification or
advance of expenses has been given to the Corporation by Indemnitee, and such claim is not paid in
full by the Corporation within ninety (90) days of the later occurring of the giving of such notice
and Final Disposition in case of indemnification and ten (10) days of the giving of such notice in
case of advance of expenses, Indemnitee may, but need not, at any time thereafter bring an action
against the Corporation to receive the unpaid amount of the claim or the expense advance and, if
successful, Indemnitee shall also be paid for the expenses (including reasonable attorneys’ and
experts’ fees) of bringing such action. It shall be a defense to any such action (other than an
action brought to enforce a claim for expenses incurred in connection with any action, suit, or
proceeding in advance of its Final Disposition) that Indemnitee has not met the standards of
conduct which make it permissible under applicable law for the Corporation to indemnify Indemnitee
for the amount claimed, and Indemnitee shall be entitled to receive interim payment of expenses
pursuant to Section 1(d) unless and until such defense may be finally adjudicated by court order or
judgment from which no further right of appeal exists. Neither the failure of the Corporation
(including its Board of Directors, independent legal counsel, or its stockholders) to have made a
determination that indemnification of Indemnitee is proper in the circumstances because Indemnitee
has met the applicable standard of conduct required by applicable law, nor an actual determination
by the Corporation (including its Board of Directors or independent legal counsel) that Indemnitee
has not met such applicable standard of conduct, shall create a presumption that Indemnitee has or
has not met the applicable standard of conduct.

3

 

          (g) Insurance. The Corporation may purchase and maintain insurance on behalf of any
person who is or was an Agent against any liability asserted against such person and incurred by
him or her in any such capacity, or arising out of his or her status as such, whether or not the
Corporation would have the power to indemnify such person against such liability under the
provisions of this Section 1.

          (h) Optional Means of Assuring Payment. Upon request by an Indemnitee certifying that
Indemnitee has reasonable grounds to believe Indemnitee may be made a party to a proceeding for
which Indemnitee may be entitled to be indemnified under this Section 1, the Corporation may, but
is not required to, create a trust fund, grant a security interest or use other means (including,
without limitation, a letter of credit) to ensure the payment of such sums as may become necessary
to effect indemnification as provided herein.

          (i) Definition of Agent. For the purposes of this Agreement, “Agent” means any person
who is or was a director, officer, employee or other agent of the Corporation, or is or was serving
at the request of the Corporation as a director, officer, employee or agent of another foreign or
domestic corporation, partnership, joint venture, trust or other enterprise, or was a director,
officer, employee or agent of a foreign or domestic corporation which was a predecessor corporation
of the corporation or of another enterprise at the request of such predecessor corporation;
“proceeding” means any threatened, pending or completed action or proceeding, whether civil,
criminal, administrative or investigative; and “expenses” includes without limitation reasonable
attorneys’ and experts’ fees and any expenses of establishing a right to indemnification.

          (j) Indemnification under Section 145 of the Delaware General Corporation Law.
Subject to the provisions of Delaware Corporation Law Section 145 and any other applicable law,
notwithstanding any other provisions of this Section 1, the following shall apply to the
indemnification of Indemnitee:

               (i) There shall be a presumption that Indemnitee met the applicable standard of conduct
required to be met in Section 1(c) for indemnification, rebuttable by clear and convincing evidence
to the contrary;

               (ii) The Corporation shall have the burden of proving that Indemnitee did not meet the
applicable standard of conduct in Section 1(c);

               (iii) In addition to the methods provided for in Section 1(c), a determination that
indemnification is proper in the circumstances because that Indemnitee met the applicable standard
of conduct may also be made by the arbitrator in any arbitration proceeding in which such matter is
or was pending; and

               (iv) Unless otherwise agreed to in writing between an Indemnitee and the Corporation in any
specific case, indemnification may be made under Section 1(b) for amounts paid in settling or
otherwise disposing of a pending action without court approval.

4

 

     2. Changes.

          In the event of any change, after the date of this Agreement, in any applicable law, statute,
or rule which expands the right of a Delaware corporation to indemnify a member of its board of
directors, its officers or its Agents, such changes shall automatically expand, without further
action of the parties, Indemnitee’s rights and the Corporation’s obligations under this Agreement.
In the event of any change in any applicable law, statute or rule which narrows a Delaware
corporation’s right to indemnify a member of its board of directors, its officers or its Agents,
such changes, to the extent not otherwise required by such law, statute or rule to be applied to
this Agreement, shall have no effect on this Agreement or the parties’ rights and obligations
hereunder. In the event of an amendment to the Corporation’s Bylaws which expands the right to
indemnify a member of its board of directors, its officers or its Agents, such change shall
automatically expand, without further action of the parties, Indemnitee’s rights and the
Corporation’s obligations under this Agreement. In the event of any amendment to the Corporation’s
Bylaws which narrows such right of a Delaware corporation to indemnify a member of its board of
directors, its officers or its Agents, such change shall only apply to the indemnification of
Indemnitee for acts committed, or lack of action, by Indemnitee after such amendment. The
Corporation agrees to give Indemnitee prompt written notice of amendments to the Corporation’s
Bylaws which concern indemnification.

     3. Nonexclusivity.

          The indemnification provided by this Agreement shall not be deemed exclusive of any rights to
which Indemnitee may be entitled under the Corporation’s Certificate of Incorporation, its Bylaws,
any agreement, any vote of stockholders or disinterested Directors, the Delaware General
Corporation Law, or otherwise, both as to action in Indemnitee’s official capacity and as to action
in any other capacity while holding such office (an “Indemnified Capacity”). The indemnification
provided under this Agreement shall continue as to Indemnitee for any action taken or not taken
while serving in an Indemnified Capacity even though such Indemnitee may have ceased to serve in an
Indemnified Capacity at the time of any action, suit or other covered proceeding, and shall inure
to the benefit of the heirs, executors, and administrators of Indemnitee.

     4. Partial Indemnification.

          If Indemnitee is entitled under any provision of this Agreement to indemnification by the
Corporation for some or a portion of the expenses, judgment, fines or penalties actually or
reasonably incurred by Indemnitee in the investigation, defense, appeal or settlement of any civil
or criminal action, suit or proceeding, but not, however, for the total amount thereof, the
Corporation shall nevertheless indemnify Indemnitee for the portion of such expenses, judgments,
fines or penalties to which Indemnitee is entitled pursuant to this Agreement.

     5. Potential Limitations.

          Both the Corporation and Indemnitee acknowledge that in certain instances, Delaware state law
and federal banking laws and regulations, federal law or public policy may

5

 

override applicable state law and prohibit the Corporation from indemnifying its directors and
officers under this Agreement or otherwise. For example, the Corporation and Indemnitee
acknowledge that the federal regulators have taken the position that indemnification is not
permissible for liabilities arising under certain federal securities laws, and federal legislation
prohibits indemnification for certain ERISA violations. Indemnitee understands and acknowledges
that the Corporation has undertaken or may be required in the future to undertake with federal
regulators to submit questions of indemnification to a court in certain circumstances for a
determination of the Corporation’s right under public policy to indemnify Indemnitee. Furthermore,
Indemnitee and Corporation acknowledge that the extent of (i) indemnification permissible under
Section 145 of the Delaware General Corporation Law has not been judicially determined; therefore,
the enforceability of Indemnitee’s rights under Section 1(l) is uncertain; and (ii) advancement of
expenses and indemnification of Indemnitee in the event of a proceeding or action described in
Section 7(a) below, is also uncertain and may not be permissible or may be subject to applicable
regulatory restrictions.

     6. Severability.

          Nothing in this Agreement is intended to require or shall be construed as requiring the
Corporation to do or fail to do any act in violation of applicable law. The Corporation’s
inability, pursuant to court order, to perform its obligations under this Agreement shall not
constitute a breach of the Agreement. If the application of any provision or provisions of the
Agreement to any particular facts or circumstances shall be held to be invalid or unenforceable by
any court of competent jurisdiction, then (i) the validity and enforceability of such provision or
provisions as applied to any other particular facts or circumstances and the validity of other
provisions of this Agreement shall not in any way be affected or impaired thereby and (ii) such
provision(s) shall be reformed without further action by the parties to make such provision(s)
valid and enforceable when applied to such facts and circumstances with a view toward requiring the
Corporation to indemnify Indemnitee to the fullest extent permissible by law.

     7. Exceptions.

          Notwithstanding any other provision herein to the contrary, the Corporation shall not be
obligated pursuant to the terms of this Agreement:

          (a) Regulatory Agency Proceedings. To indemnify Indemnitee for expenses, penalties or
other payments incurred in an administrative proceeding or action threatened or instituted by a
bank regulatory agency, which proceeding or action results in a final order imposing, injunctive or
similar relief or assessing civil money penalties or in any other resolution requiring or
preventing action by the Indemnitee; or

          (b) Claims Initiated by Indemnitee. To indemnify or advance expenses to Indemnitee
with respect to proceedings or claims (except counter-claims or cross-claims) initiated or brought
voluntarily by Indemnitee and not by way of defense, except with respect to proceedings brought to
establish or enforce a right to indemnification under this Agreement or any other statute or law or
otherwise as required by the Delaware General Corporation Law, but

6

 

such indemnification or advancement of expenses may be provided by the Corporation in specific
cases if the Board of Directors finds it to be appropriate; or

          (c) Lack of Good Faith. To indemnify Indemnitee for any expenses incurred by
Indemnitee with respect to any proceeding instituted by Indemnitee to enforce or interpret this
Agreement, if a majority of the Corporation’s directors or a court of competent jurisdiction
determines that the material assertions made by Indemnitee in such proceeding were not made in good
faith or was frivolous; or

          (d) Insured Claims. To indemnify Indemnitee for expenses or liabilities of any type
whatsoever (including, but not limited to, judgments, fines, ERISA excise taxes or penalties, and
amounts paid in settlement) which have been paid directly to Indemnitee by an insurance carrier
under a policy of officers’ and directors’ liability or other insurance maintained by the
Corporation; or

          (e) Claims under Section 16(b). To indemnify Indemnitee for expenses or the payment
of profits arising from the purchase and sale by Indemnitee of securities in violation of Section
16(b) of the Securities Exchange Act of 1934, as amended, or any similar successor statute.

     8. Counterparts.

          This Agreement may be executed in one or more counterparts, each of which shall constitute an
original.

     9. Successors and Assigns.

          This Agreement shall be binding upon the Corporation and its successors and assigns, and shall
inure to the benefit of Indemnitee and Indemnitee’s estate, heirs, and legal representatives and
permitted assigns. Indemnitee may not assign this Agreement without the prior written consent of
the Corporation.

     10. Attorneys’ Fees.

          In the event that any action is instituted by Indemnitee under this Agreement to enforce or
interpret any of the terms hereof, Indemnitee shall be entitled to be paid all court costs and
expenses, including reasonable attorneys’ and experts’ fees, incurred by Indemnitee with respect to
such action, unless as a part of such action, the court of competent jurisdiction determines that
each of the material assertions made by Indemnitee as a basis for such action were not made in good
faith or were frivolous. In the event of an action instituted by or in the name of the Corporation
under this Agreement or to enforce or interpret any of the terms of this Agreement, Indemnitee
shall be entitled to be paid all court costs and expenses, including attorneys’ fees, incurred by
Indemnitee in defense of such action (including with respect to Indemnitee’s counterclaims and
cross-claims made in such action), unless as a part of such action the court determines that each
of Indemnitee’s material defenses to such action were made in bad faith or were frivolous.

7

 

     11. Notice.

          All notices, requests, demands and other communications under this Agreement shall be in
writing and shall be deemed duly given (i) if delivered by hand and signed for by the party
addressee, on the date of such receipt, or (ii) if mailed by certified or registered mail with
postage prepaid, on the third business day after the date postmarked. Addresses for notice to
either party are as shown on the signature page of this Agreement, or as subsequently modified by
written notice.

     12. Section Headings.

          The Section headings in this Agreement are solely for convenience and shall not be considered
in its interpretation.

     13. Waiver.

          A waiver by either party of any term or condition of the Agreement or any breach thereof, in
any one instance, shall not be deemed or construed to be a waiver of such term or condition or of
any subsequent breach thereof.

     14. Entire Agreement; Amendment.

          This instrument contains the entire integrated Agreement between the parties hereto and
supersedes all prior negotiations, representations or agreements, whether written or oral except
for the Corporation’s Certificate of Incorporation and Bylaws. It may be amended only by a written
instrument signed by a duly authorized officer of Corporation and by Indemnitee.

     15. Choice of Law.

          Except for that body of law governing choice of law, this Agreement shall be governed by, and
construed in accordance with, substantive laws of the State of Delaware which govern transactions
between Delaware residents.

     16. Mediation/Arbitration.

          (a) All disputes, claims or controversies arising out of or relating to this Agreement
(collectively, “Disputes”) shall be submitted to non-binding mediation by either party to an
impartial mediator, as agreed to by the parties, and appointed through JAMS in San Francisco,
California, for a good faith effort at resolution. The mediator shall review the Dispute within
thirty (30) days of submission or at such other time provided the parties so agree. Any mediation
fee shall be paid equally among the parties. Any Dispute which is not resolved through such
mandatory mediation shall be settled by final and binding arbitration before a single neutral
arbitrator of JAMS in accordance with the then current Commercial Arbitration Rules of the American
Arbitration Association in San Francisco, California. Judgment on the award rendered by the
arbitrator may be entered in any court in California. In the event that any

8

 

Dispute between Indemnitee and the Corporation should result in arbitration, the prevailing
party in the Dispute shall be entitled to recover from the other party all reasonable fees, costs
and expenses of enforcing any right of the prevailing party, including, without limitation,
reasonable attorneys’ fees, experts’ fees, and expenses. Each party agrees that the Dispute as
mediated and/or arbitrated and the final resolution of such Dispute shall be considered to be
confidential information, and shall be kept confidential by each party.

     (b) Indemnitee specifically acknowledges and understands that by agreeing to this provision,
Indemnitee is waiving all rights to have his or her claims brought, investigated, and/or
adjudicated by an administrative agency, or heard before a judge or jury. Indemnitee also
understands that Indemnitee’s rights to discovery may be lesser or narrower in arbitration, that
there may be fees and costs associated with mediation and/or arbitration that Indemnitee may not
otherwise have, and that Indemnitee is waiving substantial time that Indemnitee might otherwise
have to make a claim, prepare his or her case, or investigate his or her claims. The claims
include claims of any kind relating to Indemnitee’s relationship with the Corporation, including
claims relating to compensation, discrimination, any benefits, status as an officer, director or
Agent of the Corporation, conflict of interest, or any other claim or dispute relating to or
arising out of Indemnitee’s relationship with the Corporation. The underlying Disputes shall be
fully and finally resolved through arbitration, including any right to permanent injunctive relief.

     17. Consideration.

          Part of the consideration the Corporation is receiving from Indemnitee to enter into this
Agreement is Indemnitee’s agreement to serve or to continue to serve, as applicable, for the
present as an officer, director or Agent of the Corporation. Nothing in this Agreement shall
preclude Indemnitee from resigning as an officer, director or Agent of the Corporation nor the
Corporation, by action of its stockholders, board of directors, or officers, as the case may be,
from terminating Indemnitee’s services as an officer, director or Agent, as the case may be, with
or without cause.

[Remainder of page intentionally blank]

9

 

          IN WITNESS WHEREOF, the undersigned have executed this Agreement as of the date first above
written.

	 	 	 	 	 	 	 
	INDEMNITEE:	 	UCBH HOLDINGS, INC.	 	 
	 
	 	 	 	 	 	 
	 

	 	By	 	 	 	 
	 

Signature

	 	 	 	 

	 	 
	 
	 	 	 	 	 	 
	 	 	 	 	 
	 	 	Printed Name and Title	 	 
	 

Printed Name

	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 
	 	 	 	 	 
	(address)	 	(address)	 	 

10

 

EXHIBIT A

UNDERTAKING TO REPAY ADVANCEMENT

OF EXPENSES

     A. Indemnitee is or has been a director, officer, employee or other agent of UCBH HOLDINGS,
INC., a Delaware corporation (the “Corporation”); and

     B. On account of such fact, Indemnitee was or is or is threatened to be made a party to the
proceeding described and designated hereinafter (the “Proceeding”); and

     C. Indemnitee has requested that the Corporation advance to Indemnitee, prior to final
disposition of the Proceeding, Indemnitee’s costs and expenses incurred in defense of the
Proceeding; and

     D. As a condition to advancement of such expenses, the Corporation has required that the
present undertaking be made by or on behalf of Indemnitee.

The undersigned herein undertakes as follows:

(1) This undertaking is executed in accordance with and is subject to Section 145 of the Delaware
General Corporation Law, and that certain Indemnification Agreement between Indemnitee and the
Corporation dated                     , and is subject to all provisions, including definitions of terms,
thereof.

(2) Indemnitee was or is or is threatened to be made a party to the following proceeding:

	 	 	 
	      Name of Claimant or Title 

      of Action or Proceeding:
	 	 
	 

	 	 

A-1

 

	 	     	 
	Court or Agency
(if any):

	 	 
	 

	 	 

	 	 	 
	Date Filed Or Presented:

	 	 
	 

	 	 

	 	 	 
	Status:
	 	 
	 

	 	 
	 
	 	 
	 

	 	 
	 
	 	 
	 

	 	 

	 	 	 
	Indemnitee’s Counsel:

	 	 
	 

	 	 
	 
	 	 

	 	 	 
	Nature and Amount 
of Claim:

	 	 
	 	 	
 

	 
	 	 
	 	 	
 

	 
	 	 
	 	 	
 

	 
	 	 
	 	 	
 

(3) In consideration of the advancement by the Corporation of Indemnitee’s expenses incurred or to
be incurred in defense of the Proceeding, the undersigned hereby undertakes to repay all amounts
advanced by the Corporation on account of Indemnitee’s defense of the Proceeding, unless it shall
be determined ultimately that Indemnitee is entitled to be indemnified with respect to the
Proceeding in accordance with Section 145 of the Delaware General Corporation Law.

	 	 	 	 	 	 	 
	Date:
	 	 	 	 	 	 
	 

	 	 

	 	 

(Signature of Indemnitee)
	 	 
	 
	 	 	 	 	 	 
	 
	 

	 	 	 	 	 	 
	 

	 	 	 	(Printed Name of Indemnitee)	 	 

A-2

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