Document:

Exhibit 10.1

 

 

Amended and Restated Credit Agreement

 

Dated as of September 22, 2006

among

AECOM Technology Corporation,

The Subsidiary Borrowers

 

Union Bank of California, N.A., 

as the Administrative Agent,

a Letter of Credit Issuing Lender and the Swing Line Lender,

Harris N.A. (successor by Merger to Harris Trust and Savings Bank)     ,

as a Letter of Credit Issuing Lender,

Bank of Montreal, acting under its trade name

BMO Capital Markets,

as the Syndication Agent

and

The Other Financial

Institutions Party Hereto

 

Union Bank of California, N.A.

and

Bank of Montreal, acting under its trade name

BMO Capital Markets,

as Co-Lead Arrangers and Co-Book Managers

 

TABLE OF CONTENTS

	
  SECTION 1.

  	
   

  	
   DEFINITIONS AND RELATED MATTERS

  	
   

  	
  1

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  1.01

  	
   

  	
  Definitions

  	
   

  	
  1

  
	
  1.02

  	
   

  	
  Other Interpretive Provisions.

  	
   

  	
  29

  
	
  1.03

  	
   

  	
  Exchange Rates; Currency Equivalents

  	
   

  	
  30

  
	
  1.04

  	
   

  	
  Extensions of Credit in Offshore Currencies.

  	
   

  	
  31

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  SECTION 2.

  	
   

  	
   THE CREDITS

  	
   

  	
  32

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  2.01

  	
   

  	
  Amounts and Terms of Commitments.

  	
   

  	
  32

  
	
  2.01A

  	
   

  	
  The Swing Line.

  	
   

  	
  32

  
	
  2.02

  	
   

  	
  Loan Accounts and Notes.

  	
   

  	
  33

  
	
  2.03

  	
   

  	
  Borrowings, Conversions and Continuations of Loans.

  	
   

  	
  34

  
	
  2.04

  	
   

  	
  Voluntary Termination or Reduction of Commitments
  prior to the Termination Date

  	
   

  	
  35

  
	
  2.04A

  	
   

  	
  Optional Increase in Commitments.

  	
   

  	
  36

  
	
  2.05

  	
   

  	
  Optional Prepayments

  	
   

  	
  37

  
	
  2.06

  	
   

  	
  Mandatory Prepayments.

  	
   

  	
  37

  
	
  2.07

  	
   

  	
  Repayment.

  	
   

  	
  38

  
	
  2.08

  	
   

  	
  Interest.

  	
   

  	
  38

  
	
  2.09

  	
   

  	
  Fees

  	
   

  	
  39

  
	
  2.10

  	
   

  	
  Computation of Fees and Interest.

  	
   

  	
  39

  
	
  2.11

  	
   

  	
  Payments by the Borrowers.

  	
   

  	
  40

  
	
  2.12

  	
   

  	
  Payments by Lenders to Administrative Agent.

  	
   

  	
  41

  
	
  2.13

  	
   

  	
  Sharing of Payments, Etc.

  	
   

  	
  41

  
	
  2.14

  	
   

  	
  Guaranty

  	
   

  	
  42

  
	
  2.15

  	
   

  	
  Several Obligations

  	
   

  	
  42

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  SECTION 3.

  	
   

  	
   THE LETTERS OF CREDIT

  	
   

  	
  42

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  3.01

  	
   

  	
  The Letter of Credit Subfacility.

  	
   

  	
  42

  
	
  3.02

  	
   

  	
  Issuances and Amendments of Letters of Credit.

  	
   

  	
  44

  
	
  3.03

  	
   

  	
  Risk Participations, Drawings and Reimbursements.

  	
   

  	
  45

  
	
  3.04

  	
   

  	
  Repayment of Participations.

  	
   

  	
  46

  
	
  3.05

  	
   

  	
  Special Provisions Relating to Auto-Renewal Letters
  of Credit

  	
   

  	
  46

  
	
  3.06

  	
   

  	
  Role of Issuing Lender.

  	
   

  	
  47

  
	
  3.07

  	
   

  	
  Obligations Absolute

  	
   

  	
  48

  
	
  3.08

  	
   

  	
  Cash Collateral Pledge

  	
   

  	
  49

  
	
  3.09

  	
   

  	
  Letter of Credit Fees

  	
   

  	
  49

  
	
  3.10

  	
   

  	
  Uniform Customs and Practice

  	
   

  	
  50

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  SECTION 4.

  	
   

  	
   TAXES, YIELD PROTECTION AND ILLEGALITY

  	
   

  	
  50

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  4.01

  	
   

  	
  Taxes.

  	
   

  	
  50

  
	
  4.02

  	
   

  	
  Increased Costs and Reduction of Return.

  	
   

  	
  54

  

 

  
 i
 

 

	
  4.03

  	
   

  	
  Illegality.

  	
   

  	
  55

  
	
  4.04

  	
   

  	
  Inability to Determine Rates

  	
   

  	
  55

  
	
  4.05

  	
   

  	
  Funding Losses

  	
   

  	
  55

  
	
  4.06

  	
   

  	
  Certificates of Lenders

  	
   

  	
  56

  
	
  4.07

  	
   

  	
  Substitution of Lenders

  	
   

  	
  56

  
	
  4.08

  	
   

  	
  Survival

  	
   

  	
  56

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  SECTION 5.

  	
   

  	
   CONDITIONS TO LOANS AND LETTERS OF CREDIT

  	
   

  	
  56

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  5.01

  	
   

  	
  Conditions Precedent to All Loans and Letters of
  Credit.

  	
   

  	
  56

  
	
  5.02

  	
   

  	
  Conditions Precedent to each Extension of Credit

  	
   

  	
  59

  
	
  5.03

  	
   

  	
  Conditions for a Subsidiary Becoming a Subsidiary
  Borrower or Subsidiary Guarantor

  	
   

  	
  59

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  SECTION 6.

  	
   

  	
   REPRESENTATIONS AND WARRANTIES

  	
   

  	
  60

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  6.01

  	
   

  	
  Organization, Powers and Good Standing.

  	
   

  	
  60

  
	
  6.02

  	
   

  	
  Authorization, Binding Effect, No Conflict, Etc.

  	
   

  	
  61

  
	
  6.03

  	
   

  	
  Financial Information.

  	
   

  	
  62

  
	
  6.04

  	
   

  	
  No Material Adverse Effect

  	
   

  	
  62

  
	
  6.05

  	
   

  	
  Litigation

  	
   

  	
  62

  
	
  6.06

  	
   

  	
  Agreements; Applicable Law

  	
   

  	
  63

  
	
  6.07

  	
   

  	
  Taxes

  	
   

  	
  63

  
	
  6.08

  	
   

  	
  Governmental Regulation

  	
   

  	
  63

  
	
  6.09

  	
   

  	
  Margin Regulations

  	
   

  	
  63

  
	
  6.10

  	
   

  	
  Employee Benefit Plans.

  	
   

  	
  63

  
	
  6.11

  	
   

  	
  Title to Property; Liens

  	
   

  	
  65

  
	
  6.12

  	
   

  	
  Capitalization and Ownership.

  	
   

  	
  65

  
	
  6.13

  	
   

  	
  Licenses, Trademarks; Etc

  	
   

  	
  65

  
	
  6.14

  	
   

  	
  Environmental Condition

  	
   

  	
  65

  
	
  6.15

  	
   

  	
  Solvency

  	
   

  	
  67

  
	
  6.16

  	
   

  	
  Absence of Certain Restrictions

  	
   

  	
  67

  
	
  6.17

  	
   

  	
  Labor Matters

  	
   

  	
  67

  
	
  6.18

  	
   

  	
  Full Disclosure

  	
   

  	
  67

  
	
  6.19

  	
   

  	
  Tax Shelter Regulations

  	
   

  	
  67

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  SECTION 7.

  	
   

  	
   AFFIRMATIVE COVENANTS

  	
   

  	
  68

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  7.01

  	
   

  	
  Financial Statements

  	
   

  	
  68

  
	
  7.02

  	
   

  	
  Certificates; Other Information

  	
   

  	
  69

  
	
  7.03

  	
   

  	
  Notices

  	
   

  	
  70

  
	
  7.04

  	
   

  	
  Records and Inspection

  	
   

  	
  72

  
	
  7.05

  	
   

  	
  Corporate Existence, Etc

  	
   

  	
  72

  
	
  7.06

  	
   

  	
  Payment of Taxes

  	
   

  	
  72

  
	
  7.07

  	
   

  	
  Maintenance of Properties

  	
   

  	
  72

  
	
  7.08

  	
   

  	
  Maintenance of Insurance

  	
   

  	
  73

  
	
  7.09

  	
   

  	
  Conduct of Business

  	
   

  	
  73

  

 

  
 ii
 

 

	
  7.10

  	
   

  	
  Further Assurances

  	
   

  	
  73

  
	
  7.11

  	
   

  	
  Subordination of Intercompany Loans and Advances to
  the Company

  	
   

  	
  73

  
	
  7.12

  	
   

  	
  Payment of Obligations

  	
   

  	
  73

  
	
  7.13

  	
   

  	
  Compliance with Laws

  	
   

  	
  74

  
	
  7.14

  	
   

  	
  Environmental Laws.

  	
   

  	
  74

  
	
  7.15

  	
   

  	
  Solvency

  	
   

  	
  74

  
	
  7.16

  	
   

  	
  Use of Proceeds.

  	
   

  	
  74

  
	
  7.17

  	
   

  	
  Additional Subsidiary Guarantors

  	
   

  	
  74

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  SECTION 8.

  	
   

  	
   NEGATIVE COVENANTS

  	
   

  	
  75

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  8.01

  	
   

  	
  Liens

  	
   

  	
  75

  
	
  8.02

  	
   

  	
  Indebtedness

  	
   

  	
  76

  
	
  8.03

  	
   

  	
  Restricted Payments

  	
   

  	
  78

  
	
  8.04

  	
   

  	
  Investments

  	
   

  	
  79

  
	
  8.05

  	
   

  	
  Financial Covenants.

  	
   

  	
  80

  
	
  8.06

  	
   

  	
  Restriction on Fundamental Changes

  	
   

  	
  81

  
	
  8.07

  	
   

  	
  Asset Dispositions.

  	
   

  	
  82

  
	
  8.08

  	
   

  	
  Transactions with Affiliates

  	
   

  	
  82

  
	
  8.09

  	
   

  	
  Restrictive Agreements

  	
   

  	
  83

  
	
  8.10

  	
   

  	
  Amendments of Bylaws

  	
   

  	
  83

  
	
  8.11

  	
   

  	
  Change in Business

  	
   

  	
  83

  
	
  8.12

  	
   

  	
  Accounting Changes

  	
   

  	
  83

  
	
  8.13

  	
   

  	
  Contributions to the Plans

  	
   

  	
  83

  
	
  8.14

  	
   

  	
  Right to Terminate Post-Retirement Benefits

  	
   

  	
  83

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  SECTION 9.

  	
   

  	
   EVENTS OF DEFAULT

  	
   

  	
  84

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  9.01

  	
   

  	
  Events of Default

  	
   

  	
  84

  
	
  9.02

  	
   

  	
  Remedies

  	
   

  	
  87

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  SECTION 10.

  	
   

  	
   ADMINISTRATIVE AGENT AND ISSUING LENDERS

  	
   

  	
  88

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  10.01

  	
   

  	
  Appointment and Authorization.

  	
   

  	
  88

  
	
  10.02

  	
   

  	
  Delegation of Duties

  	
   

  	
  89

  
	
  10.03

  	
   

  	
  Liability of Administrative Agent and Each Issuing
  Lender

  	
   

  	
  89

  
	
  10.04

  	
   

  	
  Reliance by Administrative Agent and the Issuing
  Lenders.

  	
   

  	
  89

  
	
  10.05

  	
   

  	
  Notice of Default

  	
   

  	
  90

  
	
  10.06

  	
   

  	
  Credit Decision

  	
   

  	
  90

  
	
  10.07

  	
   

  	
  Indemnification

  	
   

  	
  90

  
	
  10.08

  	
   

  	
  Administrative Agent in Individual Capacity

  	
   

  	
  91

  
	
  10.09

  	
   

  	
  Successor Administrative Agent

  	
   

  	
  91

  
	
  10.10

  	
   

  	
  Arranger

  	
   

  	
  92

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  SECTION 11.

  	
   

  	
   MISCELLANEOUS

  	
   

  	
  92

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  11.01

  	
   

  	
  Amendments and Waivers

  	
   

  	
  92

  
	
  11.02

  	
   

  	
  Transmission and Effectiveness of Communications and
  Signatures.

  	
   

  	
  93

  

 

  
 iii
 

 

	
  11.03

  	
   

  	
  No Waiver; Cumulative Remedies

  	
   

  	
  94

  
	
  11.04

  	
   

  	
  Costs and Expenses

  	
   

  	
  94

  
	
  11.05

  	
   

  	
  Indemnity and Reimbursements.

  	
   

  	
  95

  
	
  11.06

  	
   

  	
  Marshalling; Payments Set Aside

  	
   

  	
  97

  
	
  11.07

  	
   

  	
  Successors and Assigns

  	
   

  	
  97

  
	
  11.08

  	
   

  	
  Assignments, Participations, Etc.

  	
   

  	
  97

  
	
  11.09

  	
   

  	
  Set-Off

  	
   

  	
  101

  
	
  11.10

  	
   

  	
  Notification of Addresses, Lending Offices, Etc

  	
   

  	
  101

  
	
  11.11

  	
   

  	
  Counterparts

  	
   

  	
  101

  
	
  11.12

  	
   

  	
  Severability

  	
   

  	
  101

  
	
  11.13

  	
   

  	
  No Third Parties Benefited

  	
   

  	
  102

  
	
  11.14

  	
   

  	
  Time

  	
   

  	
  102

  
	
  11.15

  	
   

  	
  Governing Law and Jurisdiction.

  	
   

  	
  102

  
	
  11.16

  	
   

  	
  Waiver of Jury Trial

  	
   

  	
  102

  
	
  11.17

  	
   

  	
  Entire Agreement

  	
   

  	
  103

  
	
  11.18

  	
   

  	
  Obligations Several and Not Joint; Certain Waivers.

  	
   

  	
  103

  
	
  11.19

  	
   

  	
  USA PATRIOT Act Notice

  	
   

  	
  106

  

 

  
 iv
 

EXHIBITS

	
  

  	
   

  	
  Form of

  
	
   

  	
   

  	
   

  
	
  A

  	
   

  	
  Form of Request for Extension of Credit

  
	
  B

  	
   

  	
  Form of Compliance Certificate

  
	
  C

  	
   

  	
  Form of Note

  
	
  D

  	
   

  	
  Master Guaranty and Intercreditor Agreement

  
	
  E

  	
   

  	
  Form of Assignment and Acceptance

  
	
  F

  	
   

  	
  Form of Instrument of Joinder

  
	
  G

  	
   

  	
  Form of Funds Transfer Agreement

  
	
  H

  	
   

  	
  Form of Funds Transfer Authorization

  
	
  I

  	
   

  	
  Form of Master Repetitive Wire Instruction

  
	
   

  	
   

  	
   

  
	
  SCHEDULES

  	
   

  
	
   

  	
   

  
	
  1.01(a)

  	
   

  	
  Subsidiary Borrowers as of the Amendment Effective
  Date

  
	
  1.01(b)

  	
   

  	
  Mandatory Cost Rate

  
	
  2.01

  	
   

  	
  Commitments and Pro Rata Shares

  
	
  2.02

  	
   

  	
  Offshore Currencies as of Amendment Effective Date

  
	
  3.01(b)

  	
   

  	
  Existing Letters of Credit

  
	
  6.01

  	
   

  	
  Subsidiaries; Partnerships and Joint Ventures

  
	
  6.05

  	
   

  	
  Litigation

  
	
  6.06

  	
   

  	
  Violations of Applicable Law or Agreements

  
	
  6.07

  	
   

  	
  Taxes

  
	
  6.10

  	
   

  	
  Employee Benefit Plans

  
	
  6.12

  	
   

  	
  Capitalization and Ownership

  
	
  6.13

  	
   

  	
  Licenses, Trademarks, Etc.

  
	
  6.14

  	
   

  	
  Environmental Condition

  
	
  6.17

  	
   

  	
  Labor Matters

  
	
  7.01

  	
   

  	
  Subsidiary Financial Statements

  
	
  8.01

  	
   

  	
  Existing Liens

  
	
  8.02

  	
   

  	
  Existing Indebtedness

  
	
  8.08

  	
   

  	
  Certificate of Designation of Preferred Stock,
  Investors Rights Agreement and Regulatory Side Letter

  
	
  11.02

  	
   

  	
  Addresses and Lending Offices

  
				

 

  
 v

AMENDED AND RESTATED
CREDIT AGREEMENT

This AMENDED AND RESTATED CREDIT AGREEMENT is entered into as of
September 22, 2006 (as amended, supplemented or modified from time to time, the
“Agreement”) among AECOM Technology Corporation, a Delaware corporation
(the “Company”), each Wholly-Owned Subsidiary of the Company from time
to time designated as a borrower hereunder (each, a “Subsidiary Borrower”,
and collectively, the “Subsidiary Borrowers”, and together with the
Company, the “Borrowers”), the several financial institutions from time
to time parties hereto (hereinafter collectively referred to as the “Lenders”
and individually as a “Lender”), Union Bank of California, N.A. and
Harris N.A. (successor by merger to Harris Trust and Savings Bank) in
their respective capacities as a letter of credit issuing lender (each, an “Issuing
Lender”, and collectively, the “Issuing Lenders”), Union Bank of
California, N.A., as administrative agent (the “Administrative Agent”)
and swing line lender (the “Swing Line Lender”), and Bank of Montreal,
acting under its trade name BMO Capital Markets, as the syndication agent (the “Syndication
Agent”).

RECITALS

A.                                   The parties hereto are parties to a
Credit Agreement dated as of December 30, 2003, as amended (as so amended, the “Existing
Credit Agreement”), and certain other Loan Documents entered into in connection
with (and as defined in) the Existing Credit Agreement (collectively with the
Existing Credit Agreement, the “Existing Loan Documents”) pursuant to which the
Lenders have provided credit facilities to the Borrowers in the current
aggregate principal amount of up to $300,000,000, but which may increase from
time to time to a maximum aggregate principal amount of up to $375,000,000, as
set forth in the Existing Credit Agreement (collectively, the “Credit
Facilities”).

B.                                     The parties wish to enter into this
Agreement and the other Loan Documents described herein, which shall amend,
restate, replace and supersede (but not cause a novation of) the Existing Loan
Documents and which hereinafter shall govern the terms and conditions under
which the Lenders shall provide the Credit Facilities to the Borrowers.

NOW, THEREFORE, in consideration of the mutual agreements, provisions
and covenants contained herein, the parties agree that the Existing Credit
Agreement is amended and restated in its entirety as follows:

SECTION
1.  DEFINITIONS
AND RELATED MATTERS

1.01                        Definitions. 
Terms used in this Agreement shall have the respective meanings set
forth in this Section 1.01, in the sections of this Agreement or in
the other Loan Documents.

“Adjusted Leverage Ratio” means, at any date of determination
thereof, the ratio of (a) Consolidated Funded Debt plus, without
duplication, all unreimbursed drawings under any Letter of Credit existing as of
such date, minus Excess Cash as of such date, to (b) Consolidated
EBITDA for the most recently ended four Fiscal Quarters for which financial
statements are available.

  
 1
 

“Administrative Agent” means Union Bank in its capacity as
Administrative Agent for the Lenders hereunder, and any successor
Administrative Agent.

“Administrative Agent-Related Persons” means the Administrative
Agent and any successor Administrative Agent arising under Section 10.09
and the Issuing Lenders and any other or successor letter of credit Issuing
Lenders hereunder, together with their respective Affiliates, and the officers,
directors, employees, agents and attorneys-in-fact of such Persons and
Affiliates.

“Administrative Agent’s Office” means the address for payments
set forth on the signature page hereto in relation to the Administrative Agent
or such other address as the Administrative Agent may from time to time specify
in accordance with Section 11.02.

“Affected Lender” has the meaning specified in Section 4.07.

“Affiliate” means, with respect to a Person, any other Person
that, directly or indirectly through one or more intermediaries, controls, or
is controlled by, or is under common control with, such first Person.  The term “control” means the possession,
directly or indirectly, of the power, whether or not exercised, (a) to
vote more than ten percent (10%) of the securities having voting power for
the election of directors of such Person or (b) to direct or cause the
direction of the management or policies of a Person, whether through the
ownership of voting securities or other equity interests, by contract or
otherwise, and the terms “controlled” and “common control shall have
correlative meanings.  Notwithstanding
the foregoing provisions of this definition, in no event shall the trustee
under any Plan, any Lender or the Administrative Agent be deemed to be an
Affiliate of the Company or any of its Subsidiaries.

“Aggregate Commitment” means the combined Commitments of the
Lenders set forth in Schedule 2.01 in an initial amount of
$300,000,000, as such amount may be increased from time to time to a maximum
amount of $375,000,000 pursuant to Section 2.04A or reduced
permanently pursuant to Section 2.04.

“Agreement” shall have the meaning ascribed to it in the
preamble hereto.

“Amendment Effective Date” means the date on which all
conditions precedent to the effectiveness of this Agreement set forth in Section
5 are satisfied or waived by all the Lenders.  The Administrative Agent shall notify the
Borrowers and the Lenders in writing of the date which is the Amendment
Effective Date.

“Applicable Law” means all applicable provisions of all
(a) constitutions, treaties, statutes, laws, rules, regulations,
ordinances and orders of any Governmental Authority, (b) Governmental
Approvals and (c) orders, decisions, judgments, awards and decrees of any
Governmental Authority.

“Applicable L/C Termination Date” shall mean, in the case of
Commercial Letters of Credit and Financial Letters of Credit, a date that is
the earlier of 12 months after the date of issuance or the Termination Date,
and, in the case of Performance Letters of Credit, a date that is the earliest
of:  (a) 36 months after the date of
issuance, (b) for Performance Letters of Credit in an aggregate
outstanding undrawn amount of up to $50,000,000, one year after the Termination

  
 2
 

Date, and (c) for Performance Letters of Credit
in an aggregate outstanding undrawn amount in excess of $50,000,000, the
Termination Date.

“Applicable Margin” means the following percentages per annum,
based upon the Leverage Ratio as set forth in the most recent Compliance
Certificate received by the Administrative Agent pursuant to Section 7.02(a):

	
  Level

  	
   

  	
  Leverage Ratio

  	
   

  	
  Offshore

  Rate +

  	
   

  	
  Base Rate

  +

  	
   

  	
  Commitment

  Fee

  	
   

  
	
  1

  	
   

  	
  32.75:1

  	
   

  	
  175
  basis points

  	
   

  	
  25 basis
  points

  	
   

  	
  37.5
  basis points

  	
   

  
	
  2

  	
   

  	
  32.25:1 but
  <2.75:l

  	
   

  	
  150
  basis points

  	
   

  	
  0
  basis points

  	
   

  	
  32.5
  basis points

  	
   

  
	
  3

  	
   

  	
  31.75:l but
  <2.25:1

  	
   

  	
  125
  basis points

  	
   

  	
  0
  basis points

  	
   

  	
  27.5
  basis points

  	
   

  
	
  4

  	
   

  	
  31.25:1 but
  <1.75:l

  	
   

  	
  100
  basis points

  	
   

  	
  0
  basis points

  	
   

  	
  22.5
  basis points

  	
   

  
	
  5

  	
   

  	
  <1.25:1

  	
   

  	
  75 basis points

  	
   

  	
  0 basis points

  	
   

  	
  17.5 basis points

  	
   

  

 

Any increase or decrease in the Applicable Margin resulting from a
change in the Leverage Ratio shall become effective two Business Days after the
date that the Administrative Agent receives a duly completed Compliance
Certificate pursuant to Section 7.02(a); provided, however,
that if the Administrative Agent fails to receive a Compliance Certificate on
the due date therefor provided in Section 7.02(a), then until (but
only until) such Compliance Certificate is thereafter received, the Applicable
Margin shall continue to be based on the Level then in effect; provided
that, if such Compliance Certificate indicates a change in the Leverage Ratio
that results in an increase in the Applicable Margin, such increase shall be
retroactive to a date two Business Days after the due date for such Compliance
Certificate.

As of the Amendment Effective Date, Level 4 shall apply.

“Arrangers” means, collectively, Union Bank and BMO Capital
Markets, in their respective capacities as Co-Lead Arrangers and Co-Book
Managers.

“Asset Disposition” means any sale, assignment, transfer, lease
or other disposition (including without limitation any Sale-Leaseback
Transaction and any sale or other disposition effected by way of merger or
consolidation (other than a merger or consolidation permitted pursuant to Section 8.06)
but not including any sale or other disposition by any Subsidiary to the
Company or a Wholly-Owned Subsidiary) in any single transaction or series of
related transactions, of (a) all or substantially all of the Capital Stock
of any Significant Subsidiary, (b) all or substantially all of the assets
of the Company or any Significant Subsidiary, (c) all or substantially all
of the assets of a division or comparable business segment of the Company or
any Significant Subsidiary or (d) any other asset or assets if the
aggregate amount of Net Cash Proceeds and the fair value of Non-Cash Proceeds
from the sale or other disposition of such asset or assets, together with the
Net Cash Proceeds and the fair value of Non-Cash Proceeds of any other sale or
other disposition of assets of the Company or any Subsidiary in a series of
related

  
 3
 

transactions, exceeds $10,000,000 in the aggregate and
not previously included as an Asset Disposition except that this clause
(d) shall not include (i) sales or other dispositions of inventory
held or purchased for sale to others, or other property that has become
obsolete or worn out, in each case in the ordinary course of business;
(ii) the sale or other disposition in the ordinary course of business of
equipment (including without limitation fixtures, motor vehicles, and other
property used or useful in the performance of projects by the Company and its
Significant Subsidiaries) upon project completion or termination or when such
equipment is otherwise no longer useful in the performance of projects, provided
that the Company and its Significant Subsidiaries have plans to use the amount
of proceeds from such sale or other disposition to purchase other equipment for
use in the same or other projects; or (iii) subleases or leases of office
space in the ordinary course of business consistent with past practices.

“Assignment and Assumption” means an Assignment and Assumption substantially
in the form of Exhibit E.

“Attorney Costs” means and includes all reasonable fees and
disbursements of any law firm or other external counsel, the allocated cost of
internal legal services and all disbursements of internal counsel.

“Bankruptcy Code” means Title 11 of the United States Code
(11 U.S.C. Section 101 et seq.), as
amended from time to time, or any successor statute.

“Base Rate” means the higher of: 
(a) the rate of interest publicly announced from time to time by
Union Bank as its “reference rate,” which is a rate set by Union Bank based
upon various factors including Union Bank’s costs and desired return, general
economic conditions and other factors, and is used as a reference point for
pricing some loans, which may be priced at, above, or below such announced
rate; and (b) one-half percent per annum above the Federal Funds
Rate.  Any change in the reference rate
announced by Union Bank shall take effect at the opening of business on the day
specified in the public announcement of such change.

“Base Rate Loan” means a Loan, or any portion thereof, that
bears interest at a rate determined by reference to the Base Rate.

“Borrowers” shall have the meaning ascribed to it in the
preamble hereto.

“Borrowing” means a borrowing hereunder consisting of Loans made
to the Borrowers on the same day by the Lenders pursuant to Section 2.

“Borrower Party” means the Company, each Subsidiary Borrower,
each Subsidiary Guarantor or any Person other than the Lenders, the Issuing
Lender and any Affiliates of the Lenders, the Administrative Agent, or the
Issuing Lender from time to time party to a Loan Document.

“Business Day”
means:

(a)                                  any day other than a Saturday, Sunday or
other day on which commercial banks are authorized or required by law to close
in the state where the Administrative Agent’s Office with respect to
Obligations denominated in Dollars is located;

  
 4
 

(b)                                 if the applicable Business Day relates to
an Offshore Currency Loan denominated in euro, such a day shall also be a
TARGET Day; and

(c)                                  if the applicable Business Day relates to
any Offshore Rate Loan denominated in an Offshore Currency other than euro,
such a day shall also be a day on which dealings in deposits denominated in
Dollars or the applicable Offshore Currency are carried out in London or by
Union Bank’s Lending Office in the country of such Offshore Currency or such
other office as may be designated for such purpose by Union Bank or the
Administrative Agent.

“Capital Adequacy Regulation” means any guideline, request or
directive of any central bank or other Governmental Authority, or any other
law, rule or regulation, whether or not having the force of law, in each case,
regarding capital adequacy of any bank or of any corporation controlling a
bank.

“Capital Expenditures” means, for any period, the aggregate of
all expenditures (whether paid in cash or accrued as liabilities during that
period and including Capitalized Lease Obligations of the Company and its
Subsidiaries during such period) that, in conformity with GAAP, are required to
be capitalized and reflected in the property, plant and equipment or similar
fixed asset accounts in the consolidated balance sheet of the Company and its
Subsidiaries; provided, however, that any such expenditures for
which another Person is contractually obligated to pay or otherwise reimburse
the Company shall be excluded from the definition of Capital Expenditures.

“Capital Stock” of any Person means any and all shares,
interests, participations or other equivalents (howsoever designated) of capital
stock and any rights (other than debt securities convertible into capital
stock), warrants or options to acquire capital stock.

“Capitalized Lease” means any lease (or other agreement
conveying the right to use) of real or personal property by a Person as lessee
or guarantor which would, in conformity with GAAP, be required to be accounted
for as a capital lease on the balance sheet of that Person.

“Capitalized Lease Obligations” means all obligations under
Capitalized Leases of a Person that would, in conformity with GAAP, appear on a
balance sheet of that Person.

“Cash Collateralize” means to pledge and deposit with or deliver
to the Administrative Agent, for the benefit of the Administrative Agent, the
Issuing Lenders and the Lenders, as additional collateral for the Obligations,
cash or deposit account balances pursuant to documentation in form and
substance satisfactory to the Administrative Agent and the Issuing Lenders
(which documents are hereby consented to by the Lenders).  Derivatives of such term shall have
corresponding meanings.  The Borrowers
hereby grant the Administrative Agent, for the benefit of the Administrative
Agent, the Issuing Lenders and the Lender, a security interest in all such cash
and deposit account balances.  Cash
collateral shall be maintained in blocked interest-bearing accounts of the
Administrative Agent which shall be subject to the terms and conditions of such
accounts.

“Cash Collateral Cover” shall have the meaning set forth in Section 9.02(c).

  
 5
 

“Class F Preferred Stock” means the Class F Convertible
Preferred Stock, par value $0.01 per share, of the Company.

“Class G Preferred Stock” means the Class G Convertible
Preferred Stock, par value $0.01 per share, of the Company.

“Code” means the Internal Revenue Code of 1986, as amended from
time to time, or any successor or superseding tax laws of the United States of
America, together with all regulations promulgated thereunder.

“Commercial Letter of Credit” means a Letter of Credit issued
for the purpose of providing a payment mechanism for the importation of goods
or equipment in connection with a transaction conducted in the ordinary course
of Company’s and its Subsidiaries’ business.

“Commitment” with respect to each Lender, has the meaning
specified in Section 2.01(a).

“Common Stock” means the common stock of the Company.

“Common Stock Units” means the common stock units of the Company
issued from time to time pursuant to the Company’s Stock Purchase Plan dated
June 1, 1991, as amended from time to time.

“Company” has the meaning set forth in the preamble hereto.

“Company’s Capital Stock” means all Capital Stock and Common
Stock Units of the Company outstanding from time to time and all securities and
other property distributed in respect of or in exchange for such stock.

“Compliance Certificate” means a certificate substantially in
the form of Exhibit B, properly completed and signed by a
Responsible Officer of the Company.

“Consolidated EBITDA” means, for any measurement period, an
amount equal to the sum of (a) Consolidated Net Income for
the period, plus (b) Consolidated Interest Expense for such period,
plus (c) 100% of the principal contributions for such period
accrued for stock match programs for employees, consultants and Directors for
purchases of the Company’s Capital Stock, plus (d) the amount of
Taxes expensed, based on or measured by income, used or included in the
determination of Consolidated Net Income for such period, plus
(e) the amount of depreciation and amortization expense deducted in
determining Consolidated Net Income for such period, plus (f) non-cash
extraordinary losses included in the determination of Consolidated Net Income
for such period, plus (g) non-cash expenses associated with the
Senior Executive Equity Investment Program and other accrual of stock-based
compensation expense (including stock appreciation rights) for such period minus
(h) extraordinary gains included in the determination of Consolidated Net
Income for such period, minus (i) non-cash interest income
associated with the Senior Executive Equity Investment Program for such period;
provided, however, that with respect to a Subsidiary acquired
within such measurement period or any proposed Investment pursuant to Section 8.04(i),
the Company may also include items (a) through (g) above for such
acquired Subsidiary or such proposed Investment for the entire

  
 6
 

measurement period in Consolidated EBITDA for the
measurement period to the extent that either:

(A)                              the Company has provided to the
Administrative Agent (1) financial statements for that entity for the
portion of such measurement period occurring prior to its acquisition or
proposed acquisition and (2) the most recent year-end audited financial
statements for that entity (which audited statements must be as of a date
occurring within five fiscal quarters prior to the acquisition date (even if
such date is prior to the measurement period and, therefore, such audited
statements are not actually used in computing Consolidated EBITDA for such
measurement period)); or

(B)                                if the Company has not provided to
the Administrative Agent the audited financial statements for the entity
described in clause (A)(2) above, but the Company has provided to the
Administrative Agent the financial statements for that entity described in
clause (A)(1) above and the most recent unaudited financial
statements for the entity (which unaudited financial statements must satisfy
the timing requirements described in the parenthetical reference in
clause (A)(2) above), provided that the Company may not
include pursuant to this clause (B) more than $10,000,000 of the net sum
of items (a) through (g) above for any single such acquisition or
investment, nor more than $20,000,000 of the net sum of items (a) through
(g) above in the aggregate for all such acquisitions or investments made in any
consecutive twelve-month period.

“Consolidated Funded Debt” means, as of any date of
determination, all Indebtedness of the Company and its Subsidiaries on a
consolidated basis excluding obligations relating to Performance Letters
of Credit and the Company’s payment obligations with respect to its Preferred
Stock.

“Consolidated Interest Expense” means, for any period,
(a) total interest expense, whether paid or accrued, of the Company and
its Subsidiaries on a consolidated basis, determined in accordance with GAAP, including
commitment fees owed with respect to the unused portion of the Commitments,
other fees hereunder, charges in respect of Financial Letters of Credit, the
portion of any Capitalized Lease Obligations allocable to interest expense,
(b) but excluding (i) amortization, expensing or
write-off of financing costs or debt discount or expense,
(ii) amortization, expensing or write-off of capitalized private equity
transaction costs, to the extent such costs are treated as interest under GAAP,
(iii) the portion of the upfront costs and expenses for Swap Contracts (to
the extent included in interest expense) fairly allocated to such Swap
Contracts as expenses for such period, less interest income on Swap Contracts
for that period and Swap Contracts payments received.

“Consolidated Net Income” means, for any period, the net
earnings (or loss) after Taxes of the Company and its Subsidiaries on a
consolidated basis for such period taken as a single accounting period,
determined in accordance with GAAP, provided that there shall be
excluded therefrom (a) portions of income properly attributable to
minority interests, if any, in the stock and surplus of such Subsidiaries held
by anyone other than the Company or any of its Subsidiaries, and
(b) except to the extent of dividends or other distributions actually paid
to the Company or its Subsidiaries by such Person during such period, the
income (or loss) of any Person accrued prior to the date it becomes a
Subsidiary of the Company or is merged with or

  
 7
 

into the Company or any of its Subsidiaries or such
Person’s assets are acquired by the Company or any of its Subsidiaries.

“Consolidated Net Worth” means, at any date, the consolidated
stockholders’ equity of the Company and its Subsidiaries determined in
accordance with GAAP, plus redeemable Common Stock and Common Stock Units shown
on the Company’s consolidated balance sheet plus an amount equal to the
principal amount of issued and outstanding preferred stock of the Company,
including, without limitation, the Preferred Stock, but excluding the Permitted
Chinese Stock.

“Contingent Obligation” means, as to any Person, any obligation,
direct or indirect, contingent or otherwise, of such Person (a) with
respect to any Indebtedness or other obligation or liability of another Person,
including without limitation any direct or indirect guarantee of such
Indebtedness, obligation or liability, endorsement (other than for collection
or deposit in the ordinary course of business) thereof or discount or sale
thereof by such Person with recourse to such Person, or any other direct or
indirect obligation, by agreement or otherwise, to purchase or repurchase any
such Indebtedness, obligation or liability or any security therefor, or to
provide funds for the payment or discharge of any such Indebtedness, obligation
or liability (whether in the form of loans, advances, stock purchases, capital
contributions, performance letters of credit or otherwise), (b) to provide
funds to maintain working capital or equity capital of another Person or
otherwise to maintain the net worth, solvency or financial condition of the
other Person, (c) to make payment for any products, property, securities
or services regardless of non-delivery thereof, if the purpose of any agreement
so to do is to provide assurance that another Person’s Indebtedness, obligation
or liability will be paid or discharged, or that any agreements relating
thereto will be complied with, or that the holders of another Person’s
Indebtedness, obligation or liability will be protected (in whole or in part)
against loss in respect thereof, (d) in respect of any Swap Contract that
is not entered into in connection with a bona fide hedging operation that
provides offsetting benefits to such Person, (e) reimbursement obligations
under undrawn Financial Letters of Credit, (f) to redeem preferred stock
issued by such Person, or (g) otherwise to assure or hold harmless the
holders of Indebtedness or other obligation or liability of another Person
against loss in respect thereof.  The
amount of any Contingent Obligation shall be an amount equal to that portion of
the amount of the Indebtedness, obligation or liability guaranteed or otherwise
supported thereby.

“Continuation” and “Continue” mean, with respect to any Offshore
Rate Loan, the continuation of such Offshore Rate Loan as an Offshore Rate Loan
on the last day of the Interest Period for such Loan.

“Conversion” and “Convert” mean, with respect to any
Loan, the conversion of such Loan from or into another type of Loan.

“Conversion Date” means any date on which the Borrowers Convert
a Base Rate Loan to an Offshore Rate Loan or an Offshore Rate Loan to a Base
Rate Loan.

“Credit Facilities” has the meaning specified in the recitals to
this Agreement.

  
 8
 

“Customary Permitted Liens” means (a) Liens (other than
Environmental Liens and any Lien imposed under ERISA) for Taxes, assessments or
charges of any Governmental Authority or claims not yet due or which are being
contested in good faith by appropriate proceedings and with respect to which
adequate reserves or other appropriate provisions are being maintained in
accordance with the provisions of GAAP, (b) statutory Liens of landlords
and Liens of carriers, warehousemen, mechanics, materialmen, customs and revenue
authorities and other Liens (other than any Lien imposed under ERISA) imposed
by law and created in the ordinary course of business for amounts not yet due
or which are being contested in good faith by appropriate proceedings and with
respect to which adequate reserves or other appropriate provisions are being
maintained in accordance with the provisions of GAAP, (c) Liens (other
than any Lien imposed under ERISA) incurred or deposits made in the ordinary
course of business (including, without limitation, surety bonds and appeal
bonds and Liens securing obligations under indemnity agreements for surety
bonds) in connection with workers’ compensation, unemployment insurance and
other types of social security benefits, (d) Liens consisting of any right
of offset, or statutory banker’s lien, on bank deposit or securities accounts
maintained in the ordinary course of business so long as such bank deposit or
securities accounts are not established or maintained for the purpose of
providing such right of offset or banker’s lien, (e) easements (including,
without limitation, reciprocal easement agreements and utility agreements),
rights-of-way, covenants, consents, reservations, encroachments, variations and
other restrictions, charges or encumbrances (whether or not recorded), which do
not interfere materially with the ordinary conduct of the business of the
Company or its Subsidiaries and which do not materially detract from the value
of the property to which they attach or materially impair the use thereof to
the Company or its Subsidiaries and (f) building restrictions, zoning laws
and other statutes, law, rules, regulations, ordinances and restrictions, and
any amendments thereto, now or at any time hereafter adopted by any
Governmental Authority having jurisdiction.

“Default” means any condition or event which, with the giving of
notice or lapse of time or both, would, unless cured or waived, become an Event
of Default.

“Director” means a member of the Board of Directors of the
Company.

“Dollars” and “$” means lawful money of the United States of
America.

“Dollar Equivalent” means, at any time, (a) with respect to
any amount denominated in Dollars, such amount, and (b) with respect to
any amount denominated in any Offshore Currency, the equivalent amount thereof
in Dollars as determined by the Administrative Agent at such time on the basis
of the Spot Rate (determined in respect of the most recent Revaluation Date)
for the purchase of Dollars with such Offshore Currency.

“Effective Amount”
means:

(a)                                  with respect to any Loans on any date,
the aggregate outstanding principal Dollar Equivalent amount thereof after
giving effect to any Borrowings and prepayments or repayments of Loans
occurring on such date; and

  
 9
 

(b)                                 with respect to any outstanding L/C
Obligations on any date, the Dollar Equivalent amount of such L/C Obligations
on such date after giving effect to any Issuances of Letters of Credit
occurring on such date and any other changes in the aggregate amount of the L/C
Obligations as of such date, including as a result of any reimbursements of
outstanding unpaid drawings under any Letters of Credit or any reductions in
the maximum amount available for drawing under Letters of Credit taking effect
on such date.

“Eligible Assignee” has the meaning specified in Section 11.08(g).

“Employee Benefit Plan” means (i) each termination or
change in control agreement involving the Company, its Subsidiaries or any of
its ERISA Affiliates, on the one hand, and any of its respective employees
whose annual compensation is at a base rate equal to or exceeding $150,000, on
the other hand; (ii) all Pension Plans; (iii) all employee benefit
plans relating to all profit-sharing, bonus, stock option, stock purchase and
related employee loan, stock bonus, restricted stock, stock appreciation right,
phantom stock or supplemental retirement plans or arrangements; in each case
maintained or contributed to by the Company, its Subsidiaries or any of its
ERISA Affiliates for the benefit of its employees (or former employees) and/or
their beneficiaries or under which the Company, its Subsidiaries or any of its
ERISA Affiliates may incur any material liability.  An arrangement will not fail to be a Employee
Benefit Plan simply because it only covers one individual, or because the
Company’s, its Subsidiaries’ or any of its ERISA Affiliates’ obligations under
the plan arise by reason of its being a “successor employer” under applicable
laws.  Employee Benefit Plan shall not
include any Multiemployer Plan.

“EMU Legislation” means legislative measures of the European
Council for the introduction of, changeover to or operation of a single or
unified European currency (whether known as the euro or otherwise), being in
part the implementation of the third stage of the Economic and Monetary Union
as contemplated in the Treaty on European Union.

“Environmental Claim” means any accusation, allegation, notice
of violation, claim, demand, abatement order or other order or direction
(conditional or otherwise) by any governmental authority or any Person for any
damage, including, without limitation, personal injury (including sickness,
disease or death), tangible or intangible property damage, contribution,
indemnity, indirect or consequential damages, damage to the environment,
nuisance, pollution, contamination or other adverse effects on the environment,
or for fines, penalties or restrictions, in each case relating to, resulting
from or in connection with Hazardous Materials and relating to the Company, any
of its Subsidiaries or any Facility.

“Environmental Laws” means all statutes, ordinances, orders,
rules, regulations, plans, policies or decrees and the like relating to
(a) environmental matters, including, without limitation, those relating
to fines, injunctions, penalties, damages, contribution, cost recovery compensation,
losses or injuries resulting from the release or threatened release of
Hazardous Materials, (b) the generation, use, storage, transportation or
disposal of Hazardous Materials, or (c) occupational safety and health,
industrial hygiene, land use or the protection of human, plant or animal health
or welfare, in any manner applicable to the Company or any of its Subsidiaries
or any of their respective properties, including, without limitation, the
Comprehensive Environmental Response, Compensation, and Liability Act (42
U.S.C. § 9601 et seq.), the Hazardous Materials Transportation Act (49
U.S.C. §1801 et seq.), the Resource Conservation

  
 10
 

and Recovery Act (42 U.S.C. § 6901 et seq.), the
Federal Water Pollution Control Act (33 U.S.C. § 121 et seq.), the Clean
Air Act (42 U.S.C. § 7401 et seq.), the Toxic Substances Control Act (15
U.S.C. § 2601 et seq.), the Federal Insecticide, Fungicide and Rodenticide
Act (7 U.S.C. § 136 et seq.), the Occupational Safety and Health Act (29
U.S.C. § 651 et seq.) and the Emergency Planning and Community
Right-to-Know Act (42 U.S.C. § 11001 et seq.), each as amended or
supplemented, and any analogous future or present local, state and federal
statutes and regulations promulgated pursuant thereto, each as in effect as of
the date of determination.

“Environmental Lien” means a Lien in favor of any Governmental
Authority for any liability under any Environmental Laws, or damages arising
from or costs incurred by such Governmental Authority in response to a release
or threatened release of a hazardous or toxic waste, substance or constituent,
or other substance into the environment.

“ERISA” means the Employee Retirement Income Security Act of
1974, as the same may from time to time be amended or supplemented, including
any rules or regulations issued in connection therewith.

“ERISA Affiliate” means any company which is or was a member of
the controlled group of corporations or trades or businesses (as defined in
Subsection (b), (c), (m) or (o) of Section 414 of the Code or the
regulations promulgated thereunder) of which the Company is or was a member at
any time within the last six years. 
Notwithstanding the above, such company shall not be considered an ERISA
Affiliate with respect to any representation, warranty, affirmative or negative
covenant, Event of Default or any other provision of this Agreement or any
other Loan Document (collectively the “Relevant Provisions”) unless the
inaccuracy, breach or violation of such Relevant Provision (at the time or
times such Relevant Provision applies) by such company would result in the
Company or any Significant Subsidiary being subject to any liability under
ERISA or the Code.  An ERISA Affiliate
shall be a current ERISA Affiliate only while it is a member of the controlled
group of corporations or trades or businesses (as defined in
Subsection (b), (c), (m) or (o) of Section 414 of the Code and
the regulations thereunder) of which the Company is a member.

“ERISA Event” means (a) a “reportable event” within the
meaning of Section 4043 of ERISA and the regulations issued thereunder
with respect to any Pension Plan (excluding those for which the provision for
30-day notice to the PBGC has been waived by regulation); (b) the failure
to meet the minimum funding standard of Section 412 of the Code with
respect to any Pension Plan (whether or not waived in accordance with
Section 412(d) of the Code) or the failure to make by its due date a
material required installment under Section 412(m) of the Code with
respect to any Pension Plan or the failure to make any required contribution to
a Multiemployer Plan (c) the provision by the administrator of any Pension
Plan pursuant to Section 404l(a)(2) of ERISA of a notice of intent to
terminate such plan in a distress termination described in Section 4041(c)
of ERISA; (d) the withdrawal by the Company or any of its ERISA Affiliates
from any Pension Plan with two or more contributing sponsors or the termination
of any such Pension Plan resulting in material liability pursuant to Sections 4063
or 4064 of ERISA; (e) the institution by the PBGC of proceedings to
terminate any Pension Plan, or the occurrence of any event or condition which
might reasonably be expected to constitute grounds under ERISA for the
termination of, or the appointment of a trustee to administer, any Pension
Plan; (f) the imposition of material liability on the Company or any of
its ERISA Affiliates

  
 11
 

pursuant to Section 4062(e) or 4069 of ERISA or
by reason of the application of Section 4212(c) of ERISA, (g) the
withdrawal by the Company or any of its ERISA Affiliates in a complete or
partial withdrawal (within the meaning of Sections 4203 and 4205 of
ERISA) from any Multiemployer Plan if there is any potential liability
therefor, or the receipt by the Company or any of its ERISA Affiliates of
notice from any Multiemployer Plan that it is in reorganization or insolvency
pursuant to Section 4241 or 4245 of ERISA, or that it intends to terminate
or has terminated under Section 4041A or 4042 of ERISA; (h) the
occurrence of an act or omission which could give rise to the imposition on the
Company or any of its ERISA Affiliates of material fines, penalties, taxes or
related charges under Chapter 43 of the Code or under Section 409
or 502(c), (i) or (l) of ERISA in respect of any Employee Benefit
Plan; (i) the assertion of a material claim (other than routine claims for
benefits) against any Employee Benefit Plan other than a Multiemployer Plan or
the assets thereof, or against the Company or any of its ERISA Affiliates in
connection with any such Employee Benefit Plan; (j) receipt from the IRS
of notice of the failure of any Pension Plan (or any other Employee Benefit
Plan intended to be qualified under Section 401(a) of the Code) to qualify
under Section 401(a) of the Code, or (k) the failure of any trust
forming part of any Pension Plan to qualify for exemption from taxation under
Section 501(a) or 412(n) of the Code or pursuant to ERISA with
respect to any Pension Plan.

“euro” means the single currency of Euro Participating Member
States, as defined in any EMU Legislation.

“Event of Default” means any of the events specified in Section 9.01.

“Excess Cash” means, at any date of determination thereof, the
amount by which all cash, cash equivalents and marketable securities held by
the Company and the Guarantors in accounts maintained in the United States
exceeds $25,000,000.

“Exchange Act” means the Securities Exchange Act of 1934, as
amended from time to time, and any successor statute, and the rules and
regulations thereunder.

“Existing Credit Agreement” has the meaning specified in the
recitals to this Agreement.

“Existing Indebtedness” means, with respect to the Company and
its Subsidiaries, the Indebtedness as of the Amendment Effective Date set forth
and described on Schedule 8.02.

“Existing Letters of Credit” has the meaning specified in Section
3.01(b).

“Existing Liens” means, with respect to the Company and its
Subsidiaries, those Liens as of the Amendment Effective Date set forth and
described on Schedule 8.01.

“Existing Loan Documents” has the meaning specified in the
recitals to this Agreement.

“Extension of Credit” means (a) the Borrowing, Conversion
or Continuation of any Loans, or (b) the Issuance of any Letters of
Credit.

  
 12
 

“Facilities” means any and all real property (including, without
limitation, all buildings, fixtures or other improvements located thereon) now,
hereafter or heretofore owned, leased or possessed by the Company or any of its
Subsidiaries or any of their respective predecessors.

“Federal Funds Rate” means, for any day, the rate per annum
(rounded upwards to the next 1/100th of 1%) equal to the weighted average of
the rates on overnight Federal funds transactions with members of the Federal
Reserve System arranged by Federal funds brokers on such day, as published by
the Federal Reserve Bank on the Business Day next succeeding such day; provided
that (a) if such day is not a Business Day, the Federal Funds Rate for
such day shall be such rate on such transactions on the next preceding Business
Day as so published on the next succeeding Business Day, and (b) if no
such rate is so published on such next succeeding Business Day, the Federal
Funds Rate for such day shall be the average rate charged to Union Bank on such
day on such transactions as determined by the Administrative Agent.

“Federal Reserve Board” means the Board of Governors of the
Federal Reserve System, or any successor thereto.

“Financial Letter of Credit” means a standby letter of credit
supporting indebtedness owing to third parties.

“Fiscal Quarter” means the fiscal quarter of the Company, as the
Company may designate to the Administrative Agent pursuant to Section 7.03(i).

“Fiscal Year” means the fiscal year of the Company which shall
be the 52-53 week period ending on the Friday closest to September 30 in each
year or such other period as the Company may designate to the Administrative
Agent pursuant to Section 7.03(i).

“Fitch IBCA, Duff & Phelps” means Fitch IBCA, Duff &
Phelps.

“Fixed Charge Coverage Ratio” means, as of the last day of any
Fiscal Quarter, the ratio of (A) the sum of (i) Consolidated EBITDA for
the last four Fiscal Quarters and (ii) income for the same four Fiscal Quarters
attributable to minority interests if fixed charges attributable to such
minority interests are included in any component of clause (B) below to
(B) the sum of (i) Consolidated Interest Expense during such period excluding
cash payments, cumulated dividends, and payments in kind with respect to the
Company’s Preferred Stock, but including any cash interest paid with respect
to any Permitted Chinese Stock to the extent such interest is not included as a
dividend pursuant to clause (v) below, (ii) the current portion (i.e.
the portion due and payable within the next twelve months) of long-term,
interest-bearing indebtedness (meaning for this purpose only, the current
portion of long term debt owing to banks, insurance companies, other financial
institutions, and notes issued by the Company or any of its Subsidiaries to
shareholders in conjunction with an acquisition); provided, however,
if the Company is publicly traded and has an executed facility arrangement
agreement or commitment letter for the refinancing of all such current portion
of long-term debt with an anticipated closing date for such refinancing at
least 60 days prior to the scheduled maturity or expiration date of such debt,
then such current portion of long-term debt shall be excluded from the
calculation under this clause (B), (iii) income taxes paid during the
preceding four Fiscal Quarters minus income tax rebates, refunds and
other receipts received during the same four Fiscal Quarters,

  
 13
 

(iv) unfinanced Capital Expenditures for the
preceding four Fiscal Quarters, (v) cash dividends paid on the Capital
Stock of the Company, other than on any Preferred Stock (except for Permitted
Chinese Stock), and all cash dividends paid with respect to any Permitted
Chinese Stock, minus (vi) non-cash interest expense associated with
the Senior Executive Deferred Compensation Plan to the extent that such amount
is offset by interest income from the Senior Executive Equity Investment
Program and minus (vii) capitalized private equity costs that are
treated as selling, general and administrative expense under GAAP.

“Foreign Subsidiary Credit Agreement” means the Term Credit Agreement
of even date herewith by and among Maunsell HK Holdings, Ltd., Faber Maunsell
Limited, W.E. Bassett & Partners Pty. Ltd., Maunsell Group Limited,
Maunsell Australia Pty. Ltd., the Lenders party thereto, Union Bank, as the
Administration Agent, and BMO Capital Markets, as the Syndication Agent.

“Funding Date” means any date on which the Lenders make a Loan
pursuant to Section 2 or issue a Letter of Credit pursuant to Section 3.

“GAAP” means generally accepted accounting principles as in
effect in the United States of America (as such principles may change from time
to time).

“Governmental Approval” means an authorization, consent,
approval, permit, license or exemption of, registration or filing with, or
report or notice to, any Governmental Authority.

“Governmental Authority” means 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, including without limitation any government
authority, agency, department, board, commission or instrumentality of the
United States, any State of the United States or any political subdivision
thereof, and any tribunal or arbitrator(s) of competent jurisdiction.

“Guarantor” means, collectively, the Company and any of its
Subsidiaries, other than the Subsidiary Borrowers, that is or becomes a party
to the Master Guaranty and Intercreditor Agreement.

“Harris” means Harris N.A. (successor by merger to Harris Trust
and Savings Bank).

“Hazardous Materials”
means any chemical substance:

(a)                                  which is or becomes defined as a “hazardous
waste” or “hazardous substance” under any Applicable Law, including, without
limitation, the Comprehensive Environmental Response, Compensation and Liability
Act (42 U.S.C. Section 9601 et seq.) or the Resource Conservation and
Recovery Act (42 U.S.C. Section 6901 et seq.); or

(b)                                 which is toxic, explosive, corrosive,
flammable, infectious, radioactive, carcinogenic, mutagenic, or otherwise
hazardous and is or becomes regulated by any Governmental Authority.

“Honor Date” has the meaning specified in Section 3.03(b).

  
 14
 

“Indebtedness” means, with respect to any Person, the aggregate
amount of, without duplication: 
(a) all obligations for borrowed money; (b) all obligations
evidenced by bonds, debentures, notes or other similar instruments;
(c) all obligations to pay the deferred purchase price of property or
services, except trade accounts payable arising in the ordinary course of
business; (d) all Capitalized Lease Obligations; (e) all obligations
or liabilities of others secured by a Lien on any asset owned by such Person or
Persons whether or not such obligation or liability is assumed; (f) all
obligations of such Person or Persons, contingent or otherwise, in respect of
any letters of credit (other than performance letters of credit) or bankers’
acceptances; (g) all net obligations with respect to Swap Contracts; and
(h) all Contingent Obligations (other than performance letters of credit);
provided, that Indebtedness shall not include (i) indebtedness or
other liabilities owing to shareholders in connection with purchases of the
Company’s Capital Stock by the Company consistent with prior business
practices, (ii) indebtedness of Joint Ventures of which the Company or any
Subsidiary is a member to the extent such indebtedness is non-recourse (whether
expressly, by operation of law or otherwise) to the Company or such Subsidiary
or its assets, (iii) an amount equal to the lesser of (A) indebtedness
supported by letters of credit and (B) the face amount of such letters of
credit, and (iv) any Preferred Stock.

“Instrument of Joinder” means the Instrument of Joinder
substantially in the form of Exhibit F executed and delivered by
any Subsidiary of the Company becoming a Subsidiary Borrower hereunder, as
contemplated by Section 5.03, and any amendments or supplements
thereto.

“Intercompany Indebtedness” means any Indebtedness of the
Company or any Subsidiary which, in the case of the Company, is owed to any
Subsidiary and which, in the case of any Subsidiary, is owed to the Company or
any other Subsidiary.

“Interest Payment Date” means, with respect to any Offshore Rate
Loan, the last day of each Interest Period applicable to such Loan and, with
respect to Base Rate Loans, the last Business Day of each Fiscal Quarter; provided,
however, that if any Interest Period for an Offshore Rate Loan exceeds
three months, the date which falls three months after the beginning of such
Interest Period and after each Interest Payment Date thereafter shall also be
an Interest Payment Date.

“Interest Period” means the period commencing on the Business
Day an Offshore Rate Loan is disbursed or Continued or on the Conversion Date
on which a Loan is Converted to an Offshore Rate Loan and ending on the date
one, two, three or six months thereafter, as selected by each Borrower, in its
Request for Extension of Credit; provided that:

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

(ii)                                  any Interest Period that begins on the
last Business Day of a calendar month (or on a day for which there is no
numerically corresponding day in the

  
 15
 

calendar month at the end of such Interest Period)
shall end on the last Business Day of the calendar month at the end of such
Interest Period, and

(iii)                               no Interest Period shall extend beyond
the Termination Date.

“Investment” means, as applied to any Person, any direct or
indirect purchase or other acquisition by that Person of stock or securities,
or any beneficial interest in stock or other securities, of any other Person,
any partnership interest (whether general or limited) in any other Person, or
all or any substantial part of the business or assets of any other Person, or
any direct or indirect loan, advance or capital contribution by that Person to
any other Person, including all indebtedness and accounts receivable from that
other Person which are not current assets or did not arise from sales to that
other Person in the ordinary course of business.  The amount of any Investment shall be the
original cost of such Investment plus the cost of all additions thereto,
without any adjustments for increases or decreases in value, or write-ups,
write-downs or write-offs with respect to such Investment.

“IPO” means an initial public offering of Common Stock pursuant
to a registration statement on Form S-1 and the related transactions
described in such registration statement or resulting from such public
offering.

“IRS” means the Internal Revenue Service of the United States of
America.

“Issue” means with respect to any Letter of Credit to issue,
amend, extend the expiry of, renew or otherwise modify any Letter of Credit and
shall include any letter of credit issued outside of this Agreement as a Letter
of Credit hereunder, and the terms “Issued,” “Issuing” and “Issuance” have
corresponding meanings.

“Issuing Lender” means Union Bank, Harris or any other Lender
selected by the Company with the consent of the Administrative Agent and such
Lender in its capacity as issuer of one or more Letters of Credit hereunder,
together with any replacement Letter of Credit issuer arising under Section 10.09.

“Joint Venture” means a joint venture, partnership or similar
arrangement formed for the purpose of performing a single project or series of
related projects, whether in corporate, partnership or other legal form;
provided that, as to any such arrangement in corporate form, such corporation
shall not, as to any Person of which such corporation is a subsidiary, be
considered to be a Joint Venture to which such Person is a party.

“L/C Advance” means each Lender’s participation in any L/C
Borrowing in accordance with its applicable Pro Rata Share.

“L/C Application” means an application and agreement for the
issuance, extension or amendment of a letter of credit in the form from time to
time in use by the Issuing Lender.

“L/C Borrowing” means an extension of credit resulting from a
drawing under any Letter of Credit which shall not have been reimbursed the
date when made nor converted into a Borrowing of Loans under Section 3.03(b).

  
 16

“L/C Obligations” means at any time the sum of (a) the
aggregate undrawn amount of Letters of Credit then outstanding, plus
(b) the amount of all unreimbursed drawings under Letters of Credit,
including outstanding L/C Borrowings related thereto.

“L/C-Related Documents” means the Letters of Credit, the L/C
Applications and any other document relating to any Letter of Credit, including
any of the Issuing Lender’s standard letter of credit documentation forms.

“Lender” or “Lenders” shall have the meaning ascribed to
it in the preamble hereto. References to the “Lender” shall include references
to any Lender issuing Letters of Credit in its capacity as an Issuing Lender;
for purposes of clarification only, to the extent that such an Issuing Lender
may have any rights or obligations in addition to those of the Lenders due to
its status as Issuing Lender, its status as such will be specifically
referenced.  References to the “Lender”
shall also include references to each Lender in its individual capacity as a
counterparty under any Swap Contract.

“Lender Taxes” has the meaning specified in Section 4.01(a).

“Lending Office” means, as to any Lender, the office or offices
of such Lender specified on Schedule 11.02, or such other office or
offices as the Lender may from time to, time notify the Company and the
Administrative Agent.

“Letter of Credit” means any letter of credit issued by any
Issuing Lender pursuant to Section 3.

“Letter of Credit Currency” has the meaning set forth in Section 1.04(b).

“Level” means Level 1, Level 2, Level 3 or Level 4, as
determined by reference to the definition of “Applicable Margin.”

“Leverage Ratio” means, at any date of determination thereof,
the ratio of (a) Consolidated Funded Debt plus, without
duplication, all unreimbursed drawings under any Letter of Credit existing as
of such date, to (b) Consolidated EBITDA for the four Fiscal Quarters most
recently ended for which financial statements are available.

“Lien” means any lien, mortgage, pledge, security interest,
charge, or encumbrance of any kind (including any conditional sale or other
title retention agreement or any lease in the nature thereof) and any agreement
to give or refrain from giving any lien, mortgage, pledge, security interest,
charge, or other encumbrance of any kind.

“Loan” has the meaning specified in Section 2.01(a).

“Loan Documents” means this Agreement, the Notes, the Master
Guaranty and Intercreditor Agreement, the L/C-Related Documents and any other
documents delivered to the Administrative Agent in connection therewith and all
Swap Contracts between any Borrower and a Lender or any of its Affiliates in
their capacity as a counterparty thereunder.

  
 17
 

“Majority Lenders” means at any time Lenders then holding in
excess of 51% of the then aggregate unpaid principal amount of the Loans and
L/C Obligations, or, if no such principal amount is then outstanding, Lenders
then having in excess of 51% of the Commitments.

“Mandatory Cost Rate” means, with respect to any period, a rate
per annum determined in accordance with Schedule 1.01(b).

“Mandatory Cost Reference Lender” means Union Bank.

“Margin Regulations” means Regulations U and X of the Federal
Reserve Board and any successor regulations thereto, as in effect from time to
time.

“Margin Stock” means “margin stock” as defined in
Regulation U.

“Master Guaranty and Intercreditor Agreement” means the Second
Amended and Restated Master Guaranty and Intercreditor Agreement, made by each
Guarantor in favor of the Administrative Agent, in substantially the form of Exhibit D,
as it may be from time to time amended, supplemented or otherwise modified.

“Material Adverse Effect” means (a) a material adverse
change in, or a material adverse effect upon, the business, assets, prospects,
results of operation or condition (financial or otherwise) of the Company and
its Subsidiaries taken as a whole; or (b) a material impairment of the
ability of the Company to perform under any Loan Document and thereby avoid any
Event of Default.

“Minimum Amount”
means, with respect to each of the following actions, the minimum amount and
any multiples in excess thereof set forth opposite such action:

	
  Type of
  Action

  	
   

  	
  Minimum Amount

  	
   

  	
  Multiples in excess thereof

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Borrowing or prepayment of, or Conversion into, Base
  Rate Loans

  	
   

  	
  $500,000

  	
   

  	
  $100,000

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Borrowing, prepayment or Continuation of, or
  Conversion into, Dollar-denominated Offshore Rate Loans

  	
   

  	
  $1,000,000

  	
   

  	
  $100,000

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Borrowing, prepayment or Continuation of, or
  Conversion into, Offshore Currency Loans

  	
   

  	
  Greater of (a) Offshore Currency equivalent of U.S.
  $2,000,000, rounded up to the nearest 10,000 units of such Offshore Currency
  and (b) 2,000,000 units of such Offshore Currency

  	
   

  	
  Greater of (a) Offshore Currency equivalent of U.S.
  $500,000, rounded up to the nearest 10,000 units of such Offshore Currency
  and (b) 500,000 units of such Offshore Currency

  

 

  
 18
 

 

	
  Type of
  Action

  	
   

  	
  Minimum Amount

  	
   

  	
  Multiples in excess thereof

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Issuance of Letter of Credit

  	
   

  	
  None

  	
   

  	
  None

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Reduction in Commitments

  	
   

  	
  $1,000,000

  	
   

  	
  $1,000,000

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Assignments

  	
   

  	
  $5,000,000

  	
   

  	
  None

  

 

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

“Multiemployer Plan” means a “multiemployer plan” as defined in
Section 3(37) and Section 4001(a)(3) of ERISA to which the Company or
any of its ERISA Affiliates is making or accruing an obligation to make
contributions or has within any of the preceding five plan years made or
accrued an obligation to make contributions.

“Net Cash Proceeds”
means, with respect to any Asset Disposition, the sum of:

(a)                                  the cash and cash equivalent proceeds
received by or for the account of the Company or any of its Subsidiaries
attributable to such Asset Disposition;

(b)                                 the amount of cash and cash equivalents
received by or for the account of the Company or any of its Subsidiaries upon
the sale, conversion, collection or other liquidation of any Non-Cash Proceeds
attributable to such Asset Disposition (but only as and when so received); and

(c)                                  the amount of cash and cash equivalents
in respect of any run-off of receivables less payments on associated
liabilities, in each case retained in connection with an Asset Disposition
constituting a sale of all or substantially all of the other assets or a line
of business of the Person making the disposition (but only as and when so
received);

in
each case net of any amount required to be paid to any Person (other than the
Company or any Subsidiary) owning a beneficial interest in the stock or other
assets disposed of, any amount applied to the repayment of Indebtedness (other
than the Obligations) secured by a Lien permitted under Section 8.01
on the asset disposed of, any transfer taxes paid or payable as a result of
such Asset Disposition and professional fees and expenses, broker’s commissions
and other out-of-pocket costs of sale actually paid to any Person (other than
the Company or any Subsidiary) attributable to such Asset Disposition.

“Non-Cash Proceeds” means any notes, debt securities, other
rights to payment, equity securities and any other consideration received from
an Asset Disposition, except cash and cash equivalents.

“Note” means a promissory note of the Borrowers payable to the
order of a Lender, if requested by such Lender, evidencing the aggregate
indebtedness of the Borrowers to such Lender resulting from Loans made by such
Lender, substantially in the form of Exhibit C.

  
 19
 

“Obligations” means all present and future obligations and
liabilities of every type and description arising under or in connection with
this Agreement or any other Loan Document, due or to become due to the
Administrative Agent, any Lender (including any Lender or its Affiliate in its
capacity as a counterparty under any Swap Contract) or any Person entitled to
indemnification pursuant to Section 11.05 of this Agreement or any
of their respective successors, transferees, or assigns, and shall include,
without limitation, (a) all liability for, payment of principal of and
interest on the Loans and under any Notes, (b) all liability to make
reimbursements for drawings under Letters of Credit, (c) all liabilities
under any Swap Contract constituting a Loan Document, (d) all liability
hereunder or under the Loan Documents for any fees, expense reimbursements and
indemnifications, and (e) any and all other debts, obligations and
liabilities to the Administrative Agent or any Lender heretofore, now or
hereafter incurred or created (and all renewals, extensions, readvances,
modifications and rearrangements thereof), under, in connection with, in
respect of or evidenced or created by this Agreement or any or all of the other
Loan Documents, whether voluntary or involuntary, however arising, and whether
due or not due, absolute or contingent, secured or unsecured, liquidated or
unliquidated, determined or undetermined, direct or indirect, and whether the
Borrowers may be liable individually or jointly with others.

“Offshore Currency” means the currencies listed on Schedule 2.02,
any additional currency permitted in accordance with Section 1.04(a)
and, with respect to Letters of Credit only, any Letter of Credit Currency
permitted in accordance with Section 1.04(b).

“Offshore Currency Loan” means any Offshore Rate Loan
denominated in an Offshore Currency.

“Offshore Rate”
means:

(a)                                  for any Interest Period with respect to
any Offshore Rate Loan other than one referred to in subsection (b) of
this definition:

(i)                                     the rate per annum equal to the rate
determined by the Administrative Agent to be the offered rate that appears on
the page of the Telerate screen (or any successor thereto) that displays an
average British Bankers Association Interest Settlement Rate for deposits in
the relevant currency (for delivery on the first day of such Interest Period)
with a term equivalent to such Interest Period, determined as of approximately
11:00 a.m. (London time) on the Quotation Day applicable to such Loan, or

(ii)                                  if the rate referenced in the preceding
subsection (i) does not appear on such page or service or such page or service
shall cease to be available, the rate per annum equal to the rate determined by
the Administrative Agent to be the offered rate on such other page or other
service that displays an average British Bankers Association Interest
Settlement Rate for deposits in the relevant currency (for delivery on the
first day of such Interest Period) with a term equivalent to such Interest
Period, determined as of approximately 11:00 a.m. (London time) on the
Quotation Day applicable to such Loan, or

  
 20
 

(iii)                               if the rates referenced in the preceding
subsections (i) and (ii) are not available, the rate per annum determined by
the Administrative Agent as the rate of interest (rounded upwards to the next
1/100th of 1%) at which deposits in the relevant currency for delivery on the
first day of such Interest Period in same day funds in the approximate amount
of the Offshore Rate Loan being made, Continued or Converted by Union Bank and
with a term equivalent to such Interest Period would be offered by Union Bank’s
London branch or Affiliate to major banks in the offshore interbank market for
such currency at their request at approximately 11:00 a.m. (London time)
on the Quotation Day applicable to such Loan; and

(b)                                 for any Interest Period with respect to
any Offshore Rate Loan advanced by a Lender required to comply with the
relevant requirements of the Bank of England and the Financial Services
Authority of the United Kingdom, the sum of (i) the rate determined in
accordance with subsection (a) of this definition and (ii) the Mandatory
Cost Rate for such Interest Period.

“Offshore Rate Loan” means a Loan that bears interest at a rate
determined by reference to an Offshore Rate, which may be denominated in U.S.
Dollars or an Offshore Currency. Offshore Rate Loans include Offshore Currency
Loans.

“Operating Lease” means, as applied to any Person, any lease of
any property (whether real, personal, or mixed) which is not a Capitalized
Lease other than any such lease under which that Person is the lessor.

“Other Taxes” has the meaning specified in Section 4.01(b).

“Overnight Rate” means, for any day, (a) with respect to
payments in Dollars, the Federal Funds Rate and (b) with respect to
payments in Offshore Currencies, the rate of interest per annum at which
overnight deposits in the applicable Offshore Currency, in an amount
approximately equal to the amount with respect to which such rate is being
determined, would be offered for such day by Union Bank’s principal office in
London to major banks in the London or other applicable offshore interbank
market.

“Participant” has the meaning specified in Section 11.08.

“PBGC” means the Pension Benefit Guaranty Corporation as defined
in Title IV of ERISA, or any successor thereto.

“Pension Plan” means a pension plan (as defined in
Section 3(2) of ERISA) subject to Title IV of ERISA which the Company
or any of its ERISA Affiliates sponsors, maintains, or to which it makes, is
making, or is obligated to make contributions, or in the case of a multiple
employer plan (as described in Section 4064(a) of ERISA) has made
contributions at any time during the immediately preceding five (5) plan
years, but excluding a Multiemployer Plan.

“Performance Letter of Credit” means a standby Letter of Credit
used directly or indirectly to cover bid, performance, advance and retention
obligations, including without limitation, Letters of Credit issued in favor of
sureties who in connection therewith cover bid, performance, advance and
retention obligations.

  
 21
 

“Permitted Chinese Stock” means common stock, preferred stock or
any other security issued by the Company or any Subsidiary in connection with
the acquisition of any equity, ownership or similar arrangement or investment
in a Chinese professional services firm (e.g., architecture, engineering,
program or construction management, construction inspection, environmental
services, facilities or infrastructure asset management, etc.) for aggregate
issuance consideration of not more than $30,000,000 from January 1, 2005
through the Termination Date.

“Permitted Investments”
means

(a)                                  marketable direct obligations issued or
unconditionally guaranteed by the United States Government or issued by any
agency thereof and backed by the full faith and credit of the United States, in
each case maturing within one year from the date of acquisition thereof;

(b)                                 marketable direct obligations issued by
any state of the United States of America or any political subdivision of any
such state or any public instrumentality thereof maturing within one year from
the date of acquisition thereof and having, 
at the time of acquisition, the highest rating obtainable from any
Rating Agency;

(c)                                  commercial paper maturing within one year
from the date of acquisition thereof and having, at the time of acquisition, a
rating of A-3 or higher from S&P or comparable rating from any other
Rating Agency;

(d)                                 demand deposits, time deposits,
certificates of deposit, Eurodollar time deposits, repurchase agreements,
reverse repurchase agreements and bankers’ acceptances maturing within one year
after the date of acquisition which are in, issued, accepted or guarantied by a
bank whose short term securities are rated at least A-3 by S&P or
comparably by any other Rating Agency and whose combined capital and surplus is
at least U.S. $200,000,000;

(e)                                  corporate promissory notes or other
obligations maturing not more than one year after the date of acquisition which
at the time of such acquisition have, or are supported by, an unconditional
guaranty from a corporation with similar obligations which have the highest
rating obtainable from any Rating Agency;

(f)                                    institutional money market funds
organized under the laws of the United States of America or any state thereof
that invest solely in any of the Investments permitted under clauses (a),
(b), (c), (d) and (e) hereof; and

(g)                                 obligations maturing not more than one
year after the date of the acquisition and issued or guarantied by any non-U.S.
government or non-U.S. governmental agency or multinational intergovernmental
organization, which obligations have a rating at the time of such acquisition
of not less than “AA” from S&P or a comparable rating from any other Rating
Agency.

“Permitted Letter of Credit Account Party” means, either the
Company, any of the Subsidiary Borrowers, or any other Subsidiary that is a
Guarantor.

  
 22
 

“Permitted Liens” means, collectively, the Liens permitted under
Section 8.01.

“Person” means an individual, a corporation, a partnership, a
trust, an unincorporated organization or any other entity or organization,
including a government or any agency or political subdivision thereof and, for
the purpose of the definition of “ERISA Affiliate,” a trade or business.

“Plans” means the AECOM Technology Corporation Retirement
Savings Plan, and the associated trust, any plan, charter document or other
arrangement pursuant to which the Company repurchases stock, including the
AECOM Technology Corporation Liquidity and Diversification Program, and the
associated trust, and any corresponding plan outside the U.S. and any
associated trust, including without limitation the plans listed in Schedule 6.10,
as such plans and trusts may from time to time be supplemented, modified or
amended, but including any successor or replacement plan.

“Preferred Stock” means, collectively, the Class F Preferred
Stock, the Class G Preferred Stock, the Permitted Chinese Stock (to the extent
constituting preferred stock of the Company) and any other class of preferred stock
of the Company which in the reasonable determination of the Administrative
Agent has substantially similar material terms as the Class F Preferred Stock
and the Class G Preferred Stock.

“Pricing Period” means, with respect to each Fiscal Quarter, the
period commencing on the first date indicated in the table below opposite such
Fiscal Quarter and ending on and including the second date opposite such Fiscal
Quarter.

	
  Compliance Certificate for

  Fiscal Quarter

  	
   

  	
  Shall determine pricing for

  Pricing Period

  
	
  1st Fiscal Quarter

  	
   

  	
  February 16— May 15

  
	
  2nd Fiscal Quarter

  	
   

  	
  May 16 — August 15

  
	
  3rd Fiscal Quarter

  	
   

  	
  August 16— November 15

  
	
  4th Fiscal Quarter

  	
   

  	
  November 16— February 15

  

 

“Pro Rata Share” means, as to any Lender, the percentage equivalent
of the sum of such Lender’s Commitment, if any, divided by the Aggregate
Commitment, if any.  The initial Pro Rata
Shares of each Lender are set forth opposite such Lender’s name in Schedule 2.01
hereto under the heading “Pro Rata Shares.”

“Quarterly Payment Date” means the last Business Day of each
Fiscal Quarter.

“Quotation Day” means (a) if a Loan is made in Dollars or
any Offshore Currency other than euro, two Business Days prior to the first day
of such Interest Period and (b) if a Loan is made in euro, two TARGET Days
prior to the first day of such Interest Period; provided that if market
practice differs in the relevant interbank market for an Offshore Currency,
then the Quotation Day for that Offshore Currency will be determined by the
Administrative Agent in accordance with market practice in the relevant
interbank market (and if quotations would

  
 23
 

normally be given by leading banks in the relevant
interbank market on more than one day, the Quotation Day will be the last of
those days).

“Rating Agency” means any of S&P, Moody’s or Fitch IBCA,
Duff & Phelps.

“Real Property” means each of those parcels (or portions
thereof) of real property, improvements and fixtures thereon and appurtenances
thereto now or hereafter owned or leased by the Company or any of its
Subsidiaries.

“Regulation U” means Regulation U of the Federal Reserve Board
or any successor regulation, in each case as in effect from time to time.

“Request for Extension of Credit” means, unless otherwise
specified herein, (a) with respect to a Borrowing, Conversion or
Continuation of Loans, a duly completed written request substantially in the
form of Exhibit A, and (b) with respect to the Issuance of a Letter
of Credit, a duly completed L/C Application.

“Requisite Notice” means, unless otherwise provided herein,
(a) irrevocable written notice to the intended recipient or
(b) except with respect to Issuances of, or other modifications to,
Letters of Credit (which must be in writing), irrevocable telephonic notice to
the intended recipient, promptly followed by a written notice to such
recipient.  Such notices shall be
(i) delivered to such recipient at the address or telephone number
specified on Schedule 11.02 or as otherwise designated by such
recipient by written notice to the Administrative Agent, and (ii) if made
by any Borrower Party, given or made by a Responsible Officer of such Borrower
Party.  Any written notice delivered in
connection with any Loan Document shall be in the form, if any, prescribed
herein or therein.  Any notice sent by
other than hardcopy shall be promptly confirmed by a telephone call to the
recipient and, if requested by the Administrative Agent, by a manually-signed
hardcopy thereof.

“Requisite Time” means, with respect to any of the actions
listed below, the time and date set forth below opposite such action:

	
  Type of
  Action

  	
   

  	
  California

  Time

  	
   

  	
  Date of Action

  
	
  Delivery of Request for Extension of Credit for, or
  notice for:

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  ·       Borrowing or prepayment of Base Rate Loans

  	
   

  	
  10:00 a.m.

  	
   

  	
  Same Business Day as such Borrowing or prepayment

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  ·       Borrowing or prepayment of Swing Line Loan

  	
   

  	
  2:00 p.m.

  	
   

  	
  Same Business Day as such Borrowing or prepayment

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  ·       Conversion into Base Rate Loans

  	
   

  	
  10:00 a.m.

  	
   

  	
  3 Business Days prior to such Conversion

  

 

  
 24
 

 

	
  ·       Borrowing, prepayment or, Continuation of, or
  Conversion into, Offshore Rate Loans denominated in Dollars

  	
   

  	
  10:00 a.m.

  	
   

  	
  3 Business Days prior to such Borrowing, prepayment,
  Continuation or Conversion

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  ·       Borrowing, prepayment or, Continuation of, or
  Conversion into, Offshore Rate Loans denominated in Offshore Currencies
  (other than Special Notice Currencies)

  	
   

  	
  See
  note below

  	
   

  	
  5 Business Days prior to such Borrowing, prepayment,
  Continuation or Conversion

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  ·       Borrowing, prepayment or, Continuation of, or
  Conversion into, Offshore Rate Loans denominated in Special Notice Currencies

  	
   

  	
  See
  note below

  	
   

  	
  6 Business Days prior to such Borrowing, prepayment,
  Continuation or Conversion

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  ·       Requests for additional Offshore Currencies

  	
   

  	
  11:00 a.m.

  	
   

  	
  10 Business Days prior to proposed Extension of
  Credit

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  ·       Issuances of Letter of Credit

  	
   

  	
  10:00 a.m.

  	
   

  	
  2 Business Days prior to such action (or such lesser time which is acceptable to the Issuing Lender)

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Voluntary reduction in or termination of Commitments

  	
   

  	
  10:00 a.m.

  	
   

  	
  5 Business Days prior to such reduction or
  termination

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Payments by the Lenders to the Administrative Agent
  for Base Rate Loans

  	
   

  	
  12:00 Noon

  	
   

  	
  On Borrowing date

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Payments by the Borrowers to reimburse the Issuing
  Lender for a drawing under a Letter of Credit

  	
   

  	
  8:00 a.m.

  	
   

  	
  On the Business Day following the Honor Date

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Other payments by the Lenders or a Borrower Party to
  the Administrative Agent

  	
   

  	
  11:00 a.m.

  	
   

  	
  On date payment is due

  

 

  
 25
 

Note:                  The Requisite Time for Borrowings
and payments in Offshore Currencies shall be the local times in the country of
settlement for such Offshore Currencies as specified from time to time by the
Administrative Agent to the parties hereto.

“Responsible Officer” means the Chief Executive Officer, the
Vice Chairman, the President or the Chief Financial Officer, Controller,
Treasurer, General Counsel, Chief Administrative Officer or any other officer
of the applicable Borrower Party expressly designated by the applicable
Borrower Party as a Responsible Officer hereunder.

“Restricted Payment” means (a) any dividend or other
distribution, direct or indirect, on account of any shares of the Company’s
Capital Stock now or hereafter outstanding, (b) any redemption,
retirement, sinking fund or similar payment, purchase or other acquisition for
value, direct or indirect, of any shares of any class of Company’s Capital
Stock now or hereafter outstanding, and (c) any payment made to redeem,
purchase, repurchase or retire, or to obtain the surrender of, or any
outstanding warrants, options or other rights to acquire shares of any class of
the Company’s Capital Stock or any class of Capital Stock of its Subsidiaries
now or hereafter outstanding.

“Revaluation Date” means each date of an Extension of Credit
denominated in an Offshore Currency, each Honor Date and such additional dates
as the Administrative Agent or the Majority Lenders shall specify.

“S&P” means Standard & Poor’s Ratings Services, a
division of The McGraw-Hill Companies, Inc.

“Sale-Leaseback Transaction” means any arrangement with any
Person providing for the leasing by the Company or any Subsidiary of any real
or personal property that, or of any property similar to and used for
substantially the same purposes as any other property that, has been or is to
be sold or otherwise transferred by the Company or any of the Subsidiaries to
such Person with the intention of entering into such a lease.

“SEC” means the United States Securities and Exchange
Commission, and any successor thereto.

“Securities Act” means the Securities Act of 1933, as amended
from time to time, and any successor statute.

“Senior Executive Deferred Compensation Plan” means the Company’s
senior executive deferred compensation plan providing deferred compensation
benefits for certain senior executives of the Company and its Subsidiaries.

“Senior Executive Equity Investment Program” means the Company’s
senior executive equity investment program for certain senior executives of the
Company and its Subsidiaries.

“Significant Subsidiary” means any direct or indirect domestic
Subsidiary of the Company that individually, without duplication or
consolidation with any other Subsidiary, (a) has assets with a book value
that total 5% or more of the book value of all assets of the Company and its
Subsidiaries on a consolidated basis or (b) has the net sum of
items (a)

  
 26
 

through (g) of the definition of Consolidated
EBITDA that is 5% or more of Consolidated EBITDA in any fiscal year.  Notwithstanding the foregoing, any
Significant Subsidiary whose assets or earnings (the term “earnings” defined as
the net sum of items (a) through (g) of the definition of the Company’s
Consolidated EBITDA) fall below the foregoing 5% test at any Fiscal Year end
shall not thereafter be considered a Significant Subsidiary hereunder until such
time as it does meet such test.

“Solvent” means,
with respect to any Person that:

(a)                                  the total present fair value and fair
salable value of such Person’s assets on a going concern basis is in excess of
the total amount of such Person’s liabilities, including contingent
liabilities;

(b)                                 such Person is able to pay its
liabilities and contingent liabilities as they become due; and

(c)                                  such Person does not have unreasonably
small capital with which to engage in such Person’s business as theretofore
operated and as proposed to be operated.

“Special Notice Currency” means at any time an Offshore
Currency, other than of a country that is a member of the Organization for
Economic Cooperation and Development at such time located in North America or
Europe.

“Spot Rate” for a currency means the rate quoted by Union Bank
as the spot rate for the purchase by Union Bank of such currency with another
currency.

“Subordinated Debt” means any Indebtedness hereafter incurred
subordinated to the Obligations and with subordination terms approved in
advance in writing by all Lenders, such approval not to be unreasonably
withheld.

“Subsidiary” means any corporation or other entity (excluding
Joint Ventures) of which more than fifty percent (50%) of the total voting
power of shares of stock or other securities or other ownership interests
entitled to vote in the election of the board of directors or other persons
performing similar functions are at the time directly or indirectly owned by
the Company or one or more of the Company’s Subsidiaries.

“Subsidiary Borrower” means any Wholly-Owned Subsidiary of the
Company which has satisfied the requirements of Section 5.03.  The Subsidiary Borrowers as of the Amendment
Effective Date are identified as such on Schedule 1.01(a).

“Subsidiary Guarantor” has the meaning set forth in the Master
Guaranty and Intercreditor Agreement.

“Swap Contract” means (a) any and all rate swap
transactions, basis swaps, credit derivative transactions, forward rate
transactions, commodity swaps, commodity options, forward commodity contracts,
equity or equity index swaps or options, bond or bond price or bond index swaps
or options or forward bond or forward bond price or forward bond index
transactions, interest rate options, forward foreign exchange transactions, cap
transactions, floor

  
 27
 

transactions, collar transactions, currency swap
transactions, cross-currency rate swap transactions, currency options, spot
contracts, or any other similar transactions or any combination of any of the
foregoing (including any options to enter into any of the foregoing), whether
or not any such transaction is governed by or subject to any master agreement,
and (b) any and all transactions of any kind, and the related
confirmations, which are subject to the terms and conditions of, or governed
by, any form of master agreement published by the International Swaps and
Derivatives Association, Inc., any International Foreign Exchange Master
Agreement, or any other master agreement (any such master agreement, together
with any related schedules, a “Master Agreement”), including any such
obligations or liabilities under any Master Agreement.

“Swing Line” means the revolving line of credit established by
the Swing Line Lender in favor of the Borrowers pursuant to Section 2.01A.

“Swing Line Commitment” means $20,000,000.

“Swing Line Lender” means Union Bank, or any successor swing
line lender hereunder.

“Swing Line Loan” means a loan denominated in Dollars which
bears interest at a rate per annum equal to interest payable on a Base Rate Loan
and made by the Swing Line Lender to a Borrower under the Swing Line.

“Swing Line Outstandings” means, as of any date of
determination, the aggregate principal amount of Swing Line Loans then
outstanding.

“TARGET Day” means any day on which the Trans-European Automated
Real-time Gross Settlement Express Transfer (TARGET) System (or, if such
clearing system ceases to be operative, such other clearing system (if any)
determined by the Administrative Agent to be a suitable replacement) is
operating.

“Taxes” means any present or future income, stamp and other
taxes, charges, fees, levies, duties, imposts, withholdings or other
assessments, together with any interest and penalties, additions to tax and
additional amounts imposed by any federal, state, local or foreign taxing
authority upon any Person.

“Termination Date”
means the earlier to occur of:

(a)                                  March 31, 2011; or

(b)                                 the date on which the Aggregate
Commitment shall terminate in accordance with the provisions of this Agreement.

“Trademarks” means trademarks, servicemarks and trade names, all
registrations and applications to register such trademarks, servicemarks and
trade names and all renewals thereof, and the goodwill of the business
associated with or relating to such trademarks, servicemarks and trade names,
including without limitation any and all licenses and rights granted to use any
trademark, servicemark or trade name owned by any other Person.

  
 28
 

“Transferee” has the meaning specified in Section 11.08.

“UCC” means the Uniform Commercial Code as in effect in the
State of California.

“UCP” means the Uniform Customs and Practice for Documentary
Credits as most recently published by the International Chamber of Commerce.

“Unfunded Pension Liability” means the excess on the most recent
valuation date of a Pension Plan’s benefit liabilities under
Section 400l(a)(16) of ERISA (determined in accordance with the actuarial
assumptions specified for funding purposes pursuant to Section 412 of the Code
in such Pension Plan’s most recent actuarial valuation rather than PBGC
assumptions), over the current value of that Pension Plan’s assets.

“Union Bank” means Union Bank of California, N.A.

“Wholly-Owned Subsidiary” means any Subsidiary for which all of
the voting shares of Capital Stock or other ownership interests (except
directors’ qualifying shares) are at the time directly or indirectly owned by
the Company or one or more of its other Wholly-Owned Subsidiaries.

1.02                        Other
Interpretive Provisions.

(a)                                  Defined Terms. 
Unless otherwise specified herein or therein, all terms defined in this
Agreement shall have the respective defined meanings when used in any
certificate or other document made or delivered pursuant hereto.  The meaning of defined terms shall be equally
applicable to the singular and plural forms of the defined terms.  Terms (including uncapitalized terms) not
otherwise defined herein and that are defined in the UCC shall have the
meanings therein described.

(b)                                  The Agreement. 
The words “hereof,” “herein,” “hereunder” and words of similar import
when used in this Agreement shall refer to this Agreement as a whole and not to
any particular provision of this Agreement; and section, schedule and exhibit
references are to this Agreement unless otherwise specified.

(c)                                  Certain Common Terms.

(i)                                     The term “documents” includes any and all
instruments, documents, agreements, certificates, indentures, notices and other
writings, however evidenced.

(ii)                                  The term “including” is not limiting and
means “including without limitation.”

(d)                                  Performance; Time. 
Whenever any performance obligation hereunder (other than a payment
obligation) shall be stated to be due or required to be satisfied on a day
other than a Business Day, such performance shall be made or satisfied on the
next succeeding Business Day.  In the computation
of periods of time from a specified date to a later specified date, the word “from”
means “from and including”; the words “to” and “until” each mean “to but

  
 29
 

excluding,” and the word “through” means “to and including.”  If any provision of this Agreement refers to
any action taken or to be taken by any Person, or which such Person is
prohibited from taking, such provision shall be interpreted to encompass any
and all means, direct or indirect, of taking, or not taking, such action.

(e)                                  Contracts. 
Unless otherwise expressly provided herein, references to agreements and
other contractual instruments shall be deemed to include all subsequent
amendments and other modifications thereto, but only to the extent such
amendments and other modifications are not prohibited by the terms of any Loan
Document.

(f)                                    Laws. 
References to any statute or regulation are to be construed as including
all statutory and regulatory provisions consolidating, amending, replacing,
supplementing or interpreting the statute or regulation.

(g)                                 Captions. 
The captions and headings of this Agreement are for convenience of
reference only and shall not affect the interpretation of this Agreement.

(h)                                 Independence of Provisions. 
The parties acknowledge that this Agreement and other Loan Documents may
use several different limitations, tests or measurements to regulate the same
or similar matters, and that such limitations, tests and measurements are
cumulative and must each be performed, except as expressly stated to the
contrary in this Agreement.

(i)                                    Interpretation. 
This Agreement is the result of negotiations among and has been reviewed
by counsel to the Administrative Agent, the Company and other parties, and is
the product of all parties hereto. 
Accordingly, this Agreement and the other Loan Documents shall not be
construed against the Lenders, any Issuing Lender, or the Administrative Agent
merely because of the Administrative Agent’s, any Issuing Lender’s or Lenders’
involvement in the preparation of such documents and agreements.

(j)                                    Accounting Principles. 
Unless the context otherwise clearly requires, all accounting terms not
expressly defined herein shall be construed, and all financial computations
required under this Agreement shall be made, in accordance with GAAP, consistently
applied.

(k)                                Back-to-back Letters of Credit. 
In calculating any amount of Indebtedness or Contingent Obligations for
purposes of any covenant, if a letter of credit (whether or not a Letter of
Credit issued hereunder) is issued for the purpose of securing reimbursement
obligations of the Company or any of its Subsidiaries in respect of another
letter of credit (commonly known as a back-to-back letter of credit),
reimbursement obligations in respect of only one of the letters of credit will
be used, and the other reimbursement obligations will be disregarded.  If the amount of the reimbursement obligation
in respect of one letter of credit in any such arrangement is greater than the
amount of the reimbursement obligation in respect of the other, the higher
amount shall be used.

1.03                        Exchange Rates; Currency
Equivalents.  The Administrative Agent shall determine the
Spot Rates as of each Revaluation Date to be used for calculating Dollar
Equivalent amounts of Extensions of Credit and Effective Amounts denominated in
Offshore Currencies.  Such Spot Rates
shall become effective as of such Revaluation Date and shall be the

  
 30
 

Spot
Rates employed in converting any amounts between the applicable currencies
until the next Revaluation Date to occur. 
Except for purposes of financial statements delivered by the Company
hereunder or calculating financial covenants hereunder or except as otherwise
provided herein, the applicable amount of any currency for purposes of the Loan
Documents shall be such Dollar Equivalent amount as so determined by the
Administrative Agent.

1.04                        Extensions of
Credit in Offshore Currencies.

(a)                                  The Borrowers may from time to time
request Extensions of Credit in currencies other than those listed on Schedule 2.02
so long as such currency is freely traded in the offshore interbank foreign
exchange markets and freely transferable and freely convertible into
Dollars.  The Borrowers shall request any
such additional currency by Requisite Notice to the Administrative Agent (who
shall promptly notify each Lender) not later than the Requisite Time
therefor.  Each Lender shall notify the
Administrative Agent (who shall promptly notify the Company) whether it can, in
its sole discretion, make an Extension of Credit in such requested
currency.  If all the Lenders consent to
such currency, such currency shall thereafter be deemed for all purposes an
Offshore Currency hereunder available for Extensions of Credit.

(b)                                  The Borrowers may from time to time
request, with the consent of the applicable Issuing Lender given or withheld in
its sole discretion, that Letters of Credit be issued in currencies other than
those listed on Schedule 2.02 or otherwise approved pursuant to
subsection (a) above (a “Letter of Credit Currency”).  Only Letters of Credit may be issued in a
Letter of Credit Currency, and no Loans may be requested in a Letter of Credit
Currency unless such currency has been otherwise approved pursuant to
subsection (a) above.

(c)                                  Each obligation of the Borrowers to make
a payment denominated in the national currency unit of any member state of the
European Union that adopts the euro as its lawful currency after the date
hereof shall be redenominated into euro at the time of such adoption (in
accordance with the EMU Legislation). 
If, in relation to the currency of any such member state, the basis of
accrual of interest expressed in this Agreement in respect of that currency
shall be inconsistent with any convention or practice in the London interbank
market for the basis of accrual of interest in respect of the euro, such
expressed basis shall be replaced by such convention or practice with effect
from the date on which such member state adopts the euro as its lawful
currency; provided that if any Extension of Credit in the currency of such
member state is outstanding immediately prior to such date, such replacement
shall take effect, with respect to such Extension of Credit, at the end of the
then current Interest Period.

(d)                                  The Administrative Agent may from time to
time further modify the terms of, and practices contemplated by, this Agreement
with respect to the euro to the extent the Administrative Agent determines, in
its reasonable discretion, that such modifications are necessary or convenient
to reflect new laws, regulations, customs or practices developed in connection
with the euro.  The Administrative Agent
may effect such modifications, and this Agreement shall be deemed so amended,
without the consent of any Borrower or the Lenders to the extent such modifications
are not materially disadvantageous to the Borrowers and the Lenders, upon
notice thereto.

  
 31

SECTION
2.  THE
CREDITS

2.01                        Amounts and
Terms of Commitments.

(a)                                  From time to time on any Business Day
during the period from the Amendment Effective Date to the Termination Date,
each Lender severally agrees, on the terms and conditions hereinafter set forth,
to (i) make loans in Dollars and Offshore Currencies to each Borrower
(each such loan, a “Loan”) and (ii) participate in Letters of
Credit denominated in Dollars or Offshore Currencies Issued for the account of
a Borrower or another Permitted Letter of Credit Account Party; provided,
however, that, after giving effect to any Borrowing of Loans or any
Issuance of, or purchase of participations in, Letters of Credit:

(1)                                  the Effective Amount of the Loans of any
Lender plus the participation of such Lender in the Effective Amount of all L/C
Obligations shall not exceed an aggregate amount at any time outstanding equal
to the amount set forth opposite the Lender’s name in Schedule 2.01
hereto under the heading “Commitment” (such amount as the same may be reduced
pursuant to Section 2.04 or as a result of one or more assignments
pursuant to Section 11.08, the Lender’s “Commitment”);

(2)                                  the Effective Amount of all L/C
Obligations relating to Commercial L/Cs and Financial Letters of Credit shall
not exceed $50,000,000 in the aggregate at any time;

(3)                                  the Effective Amount of all L/C
Obligations relating to Performance Letters of Credit shall not at any time
exceed the Aggregate Commitment;

(4)                                  the Effective Amount of all Loans
(whether denominated in Dollars or Offshore Currencies advanced on a pro rata
basis by all of the Lenders, or as a Swing Line Loan advanced by the Swing Line
Lender) shall not at any time exceed the Aggregate Commitment;

(5)                                  The Effective Amount of each Lender’s
Loans shall not exceed such Lender’s Pro Rata Share of such amount; and

(6)                                  the Effective Amount of all Loans and L/C
Obligations shall not at any time exceed the Aggregate Commitment.

(b)                                  Within the foregoing limits, and subject
to the other terms and conditions hereof, any Borrower may borrow Loans under
this Section 2.01, request the Issuance of Letters of Credit under Section 3.02,
prepay pursuant to Section 2.05 and reborrow Loans pursuant to this
Section 2.01.

2.01A               The Swing Line.

(a)                                  The Swing Line Lender shall from time to time prior to
the Termination Date make Swing Line Loans denominated in Dollars to the
Borrowers in such amounts as any Borrower may request; provided, however,
that (i) after giving effect to such Swing Line Loan, the aggregate Swing
Line Outstandings shall not exceed the Swing Line Commitment and the

  
 32
 

Borrowers shall be in compliance with Section 2.01(a);
and (ii) without the consent of the Majority Lenders and the Swing Line
Lender, no Swing Line Loan shall be made during the continuation of an Event of
Default.  The Borrowers may borrow, repay
and reborrow under this Section.  Unless
notified to the contrary by the Swing Line Lender, Borrowings under the Swing
Line may be made in amounts which are multiples of $100,000 (“integral amount”)
upon Requisite Notice made to the Swing Line Lender not later than 2:00 p.m.
California time.  Each such request for a
Swing Line Loan shall constitute a representation and warranty by the Borrower
that the conditions set forth in Sections 5.02(b) and (c)
are satisfied.  Promptly after receipt of
such request, the Swing Line Lender shall obtain telephonic verification from
the Administrative Agent that there is availability for such Swing Line Loan
under the Commitments.  Unless notified
to the contrary by the Swing Line Lender, each repayment of a Swing Line Loan
shall be in an amount which is a multiple of the integral amount.  If the Borrowers instruct the Swing Line
Lender to debit their Designated Deposit Account in the amount of any payment
with respect to a Swing Line Loan, or the Swing Line Lender otherwise receives
repayment, after 2:00 p.m. California time, such payment shall be deemed
received on the next Business Day.  The
Swing Line Lender shall promptly notify the Administrative Agent of the Swing
Loan Outstandings each time there is a change therein.

(b)                                  Swing Line Loans shall bear interest at a fluctuating
rate per annum equal to the rate of interest payable on Base Rate Loans, which
interest shall be payable on such dates, not more frequent than quarterly, as
may be specified by the Swing Line Lender and in any event on the Termination
Date.  The Swing Line Lender shall be
responsible for invoicing the Borrowers for such interest.  The interest payable on Swing Line Loans is
solely for the account of the Swing Line Lender.

(c)                                  The principal amount of each Swing Line Loan shall be
payable on the earlier of (i) the fifth Business Day after such Swing Line
Loan is made, or (ii) the Termination Date.

(d)                                  Upon the making of a Swing Line Loan, each Lender
shall be deemed to have purchased from the Swing Line Lender a participation
therein in an amount equal to that Lender’s Pro Rata Share times the amount of
the Swing Line Loan.  Upon demand made by
the Swing Line Lender, each Lender shall, according to its Pro Rata Share,
promptly provide to the Swing Line Lender its purchase price therefor in an
amount equal to its participation therein. 
The obligation of each Lender to so provide its purchase price to the
Swing Line Lender shall be absolute and unconditional and shall not be affected
by the occurrence of an Event of Default or any other occurrence or event.

2.02                        Loan Accounts
and Notes.

(a)                                  Subject to Section 2.02(b),
the Loans made by each Lender and the Letters of Credit Issued by any Issuing
Lender shall be evidenced by one or more loan or letter of credit accounts
maintained by such Lender or such Issuing Lender, as the case may be, in the
ordinary course of business.  The loan or
letter of credit accounts or records maintained by the Administrative Agent,
each Issuing Lender and each Lender shall be rebuttable presumptive evidence of
the amount of the Loans made by the Lenders to, and the Letters of Credit
Issued by such Issuing Lender at the request of, the Borrowers and the interest
and payments thereon.  Any

  
 33
 

failure so to record or any error in doing so shall not, however, limit
or otherwise affect the obligation of the Borrowers hereunder (and under any
Note) to pay any amount owing with respect to the Loans or Letters of Credit.

(b)                                  If requested by any Lender, each Borrower
shall issue a Note payable to the order of such Lender in an amount equal to
such Lender’s Pro Rata Share of the maximum amount of Loans permitted under Section 2.01(a)(1),
to evidence the Loans made by such Lender. 
Each such Lender shall endorse on the schedules annexed to its Notes,
the date and amount of each Loan made by such Lender.  Each Lender is irrevocably authorized by the
Borrowers to endorse its Notes and each Lender’s record shall be rebuttable
presumptive evidence; provided, however, that the failure of a
Lender to make, or an error in making, a notation thereon with respect to any
Loan shall not limit or otherwise affect the Obligations of a Borrower
hereunder or under any such Note to such Lender.

2.03                        Borrowings,
Conversions and Continuations of Loans.

(a)                                  Any Borrower may irrevocably request a
Borrowing, Conversion or Continuation of Loans on any Business Day in a Minimum
Amount therefor by delivering a Request for Extension of Credit therefor by
Requisite Notice to the Administrative Agent not later than the Requisite Time
therefor.  All Borrowings, Conversions
and Continuations shall constitute Base Rate Loans unless properly and timely
otherwise designated as set forth in the prior sentence.

(b)                                  Following receipt of a Request for
Extension of Credit denominated in Dollars, the Administrative Agent shall
promptly notify each Lender by Requisite Notice of its Pro Rata Share
thereof.  Following receipt of a Request
for Extension of Credit denominated in an Offshore Currency, the Administrative
Agent shall promptly notify each Lender by Requisite Notice of the aggregate
amount of such Extension of Credit in such Offshore Currency, the aggregate
Dollar Equivalent of such Extension of Credit and the applicable Spot Rate used
by the Administrative Agent to determine such Dollar Equivalent.  In the case of a Borrowing of Loans, each
Lender shall, subject to the next paragraph, make the funds for its Loan
available in the currency of such Loan to the Administrative Agent at the Administrative
Agent’s Office not later than the Requisite Time therefor on the Business Day
specified in such Request for Extension of Credit.  Upon satisfaction of the applicable
conditions set forth in Section 5.02, (and, with respect to the
initial Extension of Credit hereunder, Section 5.01), all funds so
received shall be made available to the Borrowers in like funds received.  The Administrative Agent shall promptly
notify the Borrowers and the Lenders of the interest rate applicable to any
Offshore Rate Loans upon determination of same. 
The Administrative Agent shall from time to time notify the Company and
the Lenders of any change in Union Bank’s reference rate used in determining
the Base Rate following the public announcement of such change.

If
any Lender (a “Nonfunding Lender”) determines that it is unable, in its
sole discretion and for any reason, to fund an Offshore Currency Loan in a
requested Offshore Currency, it shall notify the Administrative Agent (who
shall notify the Company and the other Lenders) prior to the time specified by
the Administrative Agent for setting the rate for such Offshore Currency
Loan.  In such case, the Administrative
Agent shall request another Lender to fund the Offshore Currency Loan which
would otherwise have been made by such Nonfunding

  
 34
 

Lender (a “Fronting Loan”).  If another Lender (a “Fronting Lender”),
in its sole discretion, elects to make a Fronting Loan, the Nonfunding Lender
shall be deemed to have irrevocably and unconditionally, purchased a risk
participation from the Fronting Lender in such Fronting Loan.  Upon demand of the Fronting Lender made at
any time through the Administrative Agent, the Nonfunding Lender  shall fund its risk participation in the
Fronting Loan by delivering an amount equal to the Dollar Equivalent of the
principal amount of the Fronting Loan to the Fronting Lender.  Notwithstanding anything else to the contrary
in this Agreement, unless and until the Nonfunding Lender funds its risk
participation in the Fronting Loan, all payments of principal in respect of the
Fronting Loan shall be for the account of the Fronting Lender, and the Fronting
Lender shall be entitled to interest in an amount equal to the Overnight Rate
in respect of the Fronting Loan, and such amount of interest shall be deducted
by the Administrative Agent from any interest payments made by the Borrowers in
respect of the Fronting Loan. Subject to the prior sentence, unless the
Nonfunding Lender has defaulted in its obligations under this paragraph, the
Nonfunding Lender shall be entitled to all interest payments in respect of the
Fronting Loan.  The Nonfunding Lender
shall indemnify the Fronting Lender upon demand from and against any losses
incurred by the Fronting Lender arising from fluctuations in currency exchange
rates in respect of the Fronting Loan. 
If no Lender elects to make a Fronting Loan, such Request for Extension
of Credit shall be deemed withdrawn.

(c)                                  Except as otherwise provided herein,
Offshore Rate Loans may be Continued or Converted only on the last day of the
Interest Period for such Loan.  No Loan
may be Converted into or Continued as a Loan denominated in a different
currency, but instead must be prepaid in the original currency of such Loan and
reborrowed in the other currency.

(d)                                  If a Loan is to be made on the same date
that another Loan in the same currency is due and payable, the Borrowers or the
Lenders, as the case may be, shall, unless the Administrative Agent otherwise
requests, make available to the Administrative Agent the net amount of funds
giving effect to both such Loans and the effect for purposes of this Agreement
shall be the same as if separate transfers of funds had been made with respect
to each such Loan.

(e)                                  The failure of any Lender to make any
Loan on any date shall not relieve any other Lender of any obligation to make a
Loan on such date, but no Lender shall be responsible for the failure of any
other Lender to so make its Loan.

(f)                                    Unless the Majority Lenders shall
otherwise agree, during the existence of an Event of Default, the Borrowers may
not elect to have a Loan be made as, or Converted into or Continued as, an
Offshore Rate Loan.

(g)                                 After giving effect to any Borrowing,
there shall not be more than 10 different Interest Periods in effect.

2.04                        Voluntary Termination or
Reduction of Commitments prior to the Termination Date. 
The Borrowers may, upon Requisite Notice to the Administrative Agent
given not later than the Requisite Time therefor, terminate the Aggregate
Commitment or permanently reduce the Aggregate Commitment in a Minimum Amount
therefor; provided, that no such reduction or termination shall be permitted
if, after giving effect thereto and any concurrent prepayments, the Effective
Amount of Loans and L/C Obligations would exceed the

  
 35
 

Aggregate
Commitment; provided, further, that once reduced in accordance
with this Section 2.04, no Commitment may be increased.  Any reduction of the Aggregate Commitment
pursuant to this Section 2.04 shall be applied to each Lender’s
Commitment in accordance with the Lender’s Pro Rata Share thereof.  All accrued commitment and Letter of Credit
fees to, but not including, the effective date of any reduction or termination
of the Aggregate Commitment, shall be paid on the effective date of such
reduction or termination.

2.04A               Optional Increase in Commitments.

(a)                                  Provided that no Default or Event of
Default then exists, the Borrowers may at any time and from time to time
request in writing that the Aggregate Commitment be increased in accordance
with the provisions of this Section 2.04A up to a maximum aggregate
increase of $75,000,000 during the term of this Agreement (the “maximum
increase amount”).  Each requested
increase in the Aggregate Commitment pursuant to this Section 2.04A
shall be in a minimum amount of $15,000,000 or, if less, the remaining
available portion of the maximum increase amount.

(b)                                  Any request under this Section 2.04A
shall be submitted by the Borrowers to the Administrative Agent not less than
fifteen (15) days prior to the proposed increase, shall specify the proposed
effective date and amount of such increase, and shall be accompanied by a
certificate of a Responsible Officer stating that no Default or Event of
Default exists as of the date of the request or will result from the requested
increase.  The Borrowers may also specify
any fees offered to purchasers of the increased amount of the Aggregate
Commitment.

(c)                                  The Administrative Agent promptly shall
communicate each request under this Section 2.04A to all of the
Lenders, which shall have an exclusive 
right of first refusal to purchase the increased amount of the Aggregate
Commitment.  The Lenders shall have
fifteen (15) days to advise the Administrative Agent whether, collectively,
they wish to acquire all or any portion of the increased Aggregate Commitment.  No Lender’s Commitment may be increased
pursuant to this Section 2.04A without the consent of such Lender.

(d)                                  Each Lender may approve or reject a
request for an increase in the amount of the Aggregate Commitment in its sole
and absolute discretion.  Notwithstanding
any other provision hereof, no Lender which rejects a request for an increase
in the Aggregate Commitment shall be (i) subject to removal as a Lender,
(ii) obligated to lend any amount greater than its original Pro Rata Share
of the original Aggregate Commitment, or (iii) deemed to be in default in
any respect hereunder.

(e)                                  In responding to a request under this Section 2.04A,
each Lender which, individually, is willing to purchase a portion of the
increased Aggregate Commitment shall specify the amount of the proposed
increase which it is willing to acquire. 
Each consenting Lender shall be entitled to participate ratably in any
resulting increase in the Aggregate Commitment, subject to the right of the
Administrative Agent to adjust allocations of the increased Aggregate
Commitment so as to result in the amounts of the respective Pro Rata Shares of
the Lenders being in integral multiples of $1,000,000.

  
 36
 

(f)                                    If the aggregate principal amount offered
to be purchased by the Lenders is less than the amount requested by the
Borrowers, the Borrowers may (i) reject all or any portion of the proposed
increase; provided, however, that any partial reduction shall, to
the extent practicable, be apportioned among the participating Lenders on a ratable
basis, (ii) accept the offered amounts or (iii) accept the offered
amounts and solicit additional commitments, in an aggregate amount not to
exceed the difference between the requested commitments and the offered
amounts, from financial institutions which are not then Lenders.

(g)                                 Subject to the foregoing, any increase in
the Aggregate Commitment requested under this Section 2.04A shall
be effective as of the date proposed by the Borrowers or such later date as may
be mutually agreeable to the Borrowers, the Administrative Agent and the
Lenders providing the increased Aggregate Commitment (the ‘Participating
Lenders’).  Upon the effectiveness of any
such increase, the Borrowers shall issue replacement Notes to each
Participating Lender which acquires a portion of such increase, and the Pro
Rata Share of each Lender and each Participating Lender will be adjusted,
higher or lower as needed, to give effect to the increase in the Aggregate
Commitment and set forth in a new Schedule 2.01 issued by the
Administrative Agent.  In addition, each
Participating Lender shall execute and deliver to the Borrowers and the
Administrative Agent an agreement whereby such Participating Lender agrees to
provide the portion of the Aggregate Commitment identified to such Participating
Lender in the revised Schedule 2.01 referred to in the preceding sentence and
each Participating Lender that is not already a Lender agrees to become a
Lender and be bound by the terms and conditions of this Agreement.

2.05                        Optional Prepayments.  Subject
to Section 4.05, the Borrowers may upon Requisite Notice given not
later than the Requisite Time therefor to the Administrative Agent, at any time
or from time to time, ratably prepay Loans in a Minimum Amount therefor.  Such notice of prepayment shall specify the
date and amount of such prepayment and whether such prepayment is of Base Rate
Loans or Offshore Rate Loans, or any combination thereof. Such notice shall not
thereafter be revocable by the Borrowers and the Administrative Agent will promptly
notify each Lender thereof and of such Lender’s Pro Rata Share of such
prepayment.  If such notice is given by
the Borrowers, the Borrowers shall make such prepayment and the payment amount
specified in such notice shall be due and payable on the date specified
therein, together with accrued interest on any Offshore Rate Loans prepaid to
each such date on the amount prepaid and any amounts required pursuant to Section 4.05.

2.06                        Mandatory
Prepayments.

(a)                                  If at any time the Effective Amount of
Loans and/or L/C Obligations then outstanding exceeds the Effective Amount
thereof then permitted by Section 2.01 and subject to
Section 11.18, the Borrowers shall, immediately, without notice or
demand, prepay the outstanding principal amount of the Loans and/or L/C
Advances and/or Cash Collateralize outstanding Letters of Credit in an
aggregate amount equal to such excess in accordance with Section 2.06(b).

(b)                                  As between repayment of Loans and Cash
Collateralization of L/C Obligations pursuant to Section 2.06(a) and
subject to Section 11.18 the Borrowers shall first prepay any Base Rate
Loans then outstanding and then prepay Offshore Rate Loans with the

  
 37
 

shortest Interest Periods remaining, and thereafter Cash Collateralize
outstanding Letters of Credit.  If the amount
of Base Rate Loans is not sufficient to satisfy the entire prepayment
requirement pursuant to Section 2.06(a), the Borrowers may prepay
any Offshore Rate Loans which they would otherwise be required to prepay on a
day other than the last day of the Interest Period therefor on the last day of
such Interest Period(s), and the amount of Letters of Credit required to be
Cash Collateralized may be reduced by the amount of such Offshore Rate Loans to
be prepaid.  The Borrowers shall pay,
together with each prepayment of Offshore Rate Loans under this Section 2.06,
accrued interest on the amount prepaid and any amounts required pursuant to Section 4.05.

2.07                        Repayment.

(a)                                  Loans. 
Each Borrower agrees to repay to the Lenders in full on the Termination
Date the aggregate principal amount of all Loans made to it that are
outstanding on the Termination Date.

(b)                                  L/C Borrowings. 
Except as permitted under Section 3.01(c), each Borrower
agrees to repay to the Lenders in full on the Termination Date the aggregate principal
amount of all L/C Borrowings made to it that are outstanding on the Termination
Date.

2.08                        Interest.

(a)                                  Subject to Sections 2.08(d) and 11.01(b),
each Loan shall bear interest on the outstanding principal amount thereof from
the date when made to the date paid in full at a rate per annum equal to the
Offshore Rate or the Base Rate, as the case may be, plus the Applicable Margin
in effect.

(b)                                  Interest on each Loan shall be paid in
arrears on each Interest Payment Date. 
Interest shall also be paid on the date of any prepayment of Offshore
Rate Loans pursuant to Section 2.05 or 2.06 for the portion
of the Loans so prepaid and upon payment (including prepayment) in full thereof
and, during the existence of any Event of Default, interest shall be paid on
demand.

(c)                                  While any Event of Default exists or
after acceleration, the Borrowers shall pay interest (after as well as before
entry of judgment thereon to the extent permitted by law) on the principal
amount of all Obligations due and unpaid, at a rate per annum equal to the sum
of the Base Rate plus the Applicable Margin based on Level 1 for Base Rate
Loans plus 2% per annum.

(d)                                  Anything herein to the contrary
notwithstanding, the obligations of the Borrowers hereunder shall be subject to
the limitation that payments of interest shall not be required for any period
for which interest is computed hereunder, to the extent (but only to the
extent) that contracting for or receiving such payment by the respective Lender
would be contrary to the provisions of any law applicable to such Lender
limiting the highest rate of interest which may be lawfully contracted for,
charged or received by such Lender, and in such event the Borrowers shall pay
such Lender interest at the highest rate permitted by applicable law.

  
 38
 

2.09                        Fees. 
In addition to fees described at Section 3.09:

(a)                                  Commitment Fee. 
The Company shall pay to the Administrative Agent for the account of
each Lender a commitment fee on the actual daily unused portion of such Lender’s
Commitment, computed on a quarterly basis in arrears on each Quarterly Payment
Date upon the daily utilization for that Fiscal Quarter as calculated by the
Administrative Agent, equal to the Applicable Margin therefor in effect.  Such commitment fee shall accrue from the
Amendment Effective Date to the Termination Date, and shall be due and payable
quarterly in arrears commencing in September 2006 and continuing through the
Termination Date; provided, however, that in connection with any
reduction or termination of Commitments pursuant to Section 2.04,
the accrued commitment fee calculated for the period ending on such date shall
also be paid, with the next succeeding quarterly payment being calculated on
the basis of the period from the reduction or termination date to such Quarterly
Payment Date.  The commitment fees
provided in this Section shall accrue at all times after the
above-mentioned commencement date, including at any time during which one or
more conditions in Section 5.02 are not met.

(b)                                  Agency, Arrangement and Participation
Fees.  The Company shall pay to the Administrative
Agent for the Administrative Agent’s own account an annual agency fee, and
shall pay to the Administrative Agent for the respective accounts of the
Arrangers an arrangement fee, in each case in the amount and at the times set
forth in a separate fee letter agreement among the Company, the Administrative
Agent and the Arrangers.  The Company
also shall pay to the Administrative Agent for the account of each Lender in
accordance with its Pro Rata Share listed on Schedule 2.01(a) a
participation fee in an amount based upon each Lender’s Commitment as set forth
in a separate fee letter agreement among the Company, the Administrative Agent
and the Arrangers.

2.10                        Computation of
Fees and Interest.

(a)                                  All computations of interest payable in
respect of Base Rate Loans at all times as the Base Rate is determined by Union
Bank’s “reference rate” shall be made on the basis of a year of 365 or 366
days, as the case may be, and actual days elapsed. All other computations of
fees and interest under this Agreement shall be made on the basis of a 360-day
year and actual days elapsed, which results in more interest being paid than if
computed on the basis of a 365-day year. 
Interest and fees shall accrue during each period during which interest
or such fees are computed from the first day thereof to the last day thereof
or, in the case of interest in respect of Loans denominated in Offshore
Currencies as to which market practice differs from the foregoing, in accordance
with such market practice.

(b)                                  The Administrative Agent will, with
reasonable promptness, notify the Borrowers and the Lenders of each
determination of an Offshore Rate; provided, however, that any
failure to do so shall not relieve the Borrowers of any liability hereunder or
provide the basis for any claim against the Administrative Agent.  Any change in the commitment fee or interest
rate on a Loan resulting from a change in the Applicable Margin shall become effective
as of the opening of business on the day on which such change in the Applicable
Margin becomes effective.  The
Administrative Agent will with reasonable promptness notify the Company and the
Lenders of the effective date and the amount of each such change, provided
that any failure

  
 39
 

to do so shall not relieve any Borrower of any liability hereunder or
provide the basis for any claim against the Administrative Agent.

(c)                                  Each determination of an interest rate by
the Administrative Agent shall be conclusive and binding on each Borrower and
the Lenders in the absence of manifest error. 
The Administrative Agent will, at the request of any Borrower or any
Lender, deliver to such Borrower or such Lender, as the case may be, a
statement showing the quotations used by the Administrative Agent in
determining any interest rate.

2.11                        Payments by the
Borrowers.

(a)                                  Subject to Section 11.01(b),
all payments (including prepayments) to be made by the Borrowers on account of
principal, interest, drawings under Letters of Credit, fees and other amounts required
hereunder shall be made without set-off, recoupment or counterclaim; shall,
except as otherwise expressly provided with respect to drawings under Letters
of Credit and elsewhere herein, be made to the Administrative Agent for the
ratable account of the Lenders at the Administrative Agent’s Office and shall
be made in the currency of such Extension of Credit and in immediately
available funds, no later than the Requisite Time therefor on the date
specified herein.  Subject to Section 11.01(b),
the Administrative Agent will promptly distribute to each Lender its Pro Rata
Share (or other applicable share as expressly provided herein) of such
principal, interest, fees or other amounts, in like funds as received. Any
payment which is received by the Administrative Agent later than the Requisite
Time therefor shall be deemed to have been received on the immediately
succeeding Business Day and any applicable interest or fee shall continue to
accrue.  Notwithstanding any other
provisions of this Agreement, if and to the extent that EMU Legislation
provides that amounts denominated in the euro or a national currency unit (“NCU”)
may be paid within a country in either the euro or the NCU of that country by
crediting an account of the creditor in that country, payments may be made in
either the euro or such NCU.

(b)                                  Whenever any payment hereunder shall be
stated to be due on a day other than a Business Day, such payment shall be made
on the next succeeding Business Day, and such extension of time shall in such
case be included in the computation of interest or fees, as the case may be;
subject to the provisions set forth in the definition of “Interest Period”
herein.

(c)                                  Unless the Administrative Agent shall
have received notice from a Borrower prior to the date on which any payment is
due to the Lenders hereunder that such Borrower will not make such payment in
full as and when required hereunder, the Administrative Agent may assume that
such Borrower has made such payment in full to the Administrative Agent on such
date in immediately available funds and the Administrative Agent may (but shall
not be so required), in reliance upon such assumption, cause to be distributed
to each Lender on such due date an amount equal to the amount then due such
Lender.  If and to the extent a Borrower
shall not have made such payment in full to the Administrative Agent, each
Lender shall repay to the Administrative Agent on demand such amount
distributed to such Lender, together with interest thereon for each day from
the date such amount is distributed to such Lender until the date such each
such day.

  
 40
 

2.12                        Payments by
Lenders to Administrative Agent.

(a)                                  Unless the Administrative Agent shall
have received notice from a Lender on the Amendment Effective Date or, with
respect to each Borrowing after the Amendment Effective Date, at least one
Business Day prior to the date of any proposed Borrowing of Offshore Rate Loans
and not later than 12:00 Noon California time on the date of any proposed
Borrowing of Base Rate Loans, that such Lender will not make available to the
Administrative Agent as and when required hereunder for the account of the
Borrowers the amount of that Lender’s Pro Rata Share of the Borrowing, the
Administrative Agent may assume that each Lender has made such amount available
to the Administrative Agent in immediately available funds on the Borrowing
date and the Administrative Agent may (but shall not be so required), in
reliance upon such assumption, make available to the Borrowers on such date a
corresponding amount.  If and to the
extent any Lender shall not have made its full amount available to the
Administrative Agent in immediately available funds and the Administrative
Agent in such circumstances has made available to the Borrowers such amount,
that Lender shall on the next Business Day following the date of such Borrowing
make such amount available to the Administrative Agent, together with interest
at the Overnight Rate for and determined as of each day during such
period.  A notice of the Administrative
Agent submitted to any Lender with respect to amounts owing under this Section 2.12(a)
shall be conclusive, absent manifest error. 
If such amount is so made available, such payment to the Administrative
Agent shall constitute such Lender’s Loan on the date of Borrowing for all
purposes of this Agreement.  If such
amount is not made available to the Administrative Agent on the next Business
Day following the date of such Borrowing, the Administrative Agent shall notify
the Company of such failure to fund and, upon demand by the Administrative
Agent, the Borrowers shall pay such amount to the Administrative Agent for the
Administrative Agent’s account, together with interest thereon for each day
elapsed since the date of such Borrowing, at a rate per annum equal to the
interest rate applicable at the time to the Loans comprising such Borrowing.

(b)                                  The failure of any Lender to make any
Loan on any date of borrowing shall not relieve any other Lender of any
obligation hereunder to make a Loan on the date of such borrowing, but no
Lender shall be responsible for the failure of any other Lender to make the
Loan to be made by such other Lender on the date of any borrowing.

2.13                        Sharing of Payments, Etc. 
If, other than as expressly provided elsewhere herein, any Lender shall
obtain on account of the Loans made by it any payment (whether voluntary,
involuntary, through the exercise of any right of set-off, or otherwise) in
excess of its Pro Rata Share of payments on account of the Loans obtained by
all the Lenders, such Lender shall forthwith (a) notify the Administrative
Agent of such fact, and (b) purchase from the other Lenders such
participations in the Loans made by them as shall be necessary to cause such
purchasing Lender to share the excess payment ratably with each of them; provided,
however, that if all or any portion of such excess payment is thereafter
recovered from the purchasing Lender, such purchase shall to that extent be
rescinded and each other Lender shall repay to the purchasing Lender the
purchase price paid therefor, together with an amount equal to such paying
Lender’s Pro Rata Share (according to the proportion of (i) the amount of
such paying Lender’s required repayment to (ii) the total amount so
recovered from the purchasing Lender) of any interest or other amount paid or
payable by the purchasing Lender in respect of the total amount so
recovered.  Each Borrower agrees that any
Lender so purchasing a participation from

  
 41
 

another
Lender pursuant to this Section 2.13 may, to the fullest extent
permitted by law, exercise all its rights of payment (including the right of
set-off, but subject to Section 11.09) with respect to such
participation as fully as if such Lender were the direct creditor of such
Borrower in the amount of such participation. 
The Administrative Agent will keep records (which shall be conclusive
and binding in the absence of manifest error) of participations purchased
pursuant to this Section 2.13 and will in each case notify the Lenders
following any such purchases or repayments.

2.14                        Guaranty. 
All Obligations shall be unconditionally guaranteed by the Guarantors
pursuant to the Master Guaranty and Intercreditor Agreement which shall be
administered in accordance with Section 7.17.  The Administrative Agent and each Lender
consent to the terms and conditions of the Master Guaranty and Intercreditor
Agreement.

2.15                        Several Obligations. 
Notwithstanding anything to the contrary in Sections 2 and 3,
the obligations of each Borrower (except the Company in its capacity as a
Guarantor for the Subsidiary Borrowers under the Master Guaranty and
Intercreditor Agreement) under this Agreement are several and not joint.

SECTION
3.  THE
LETTERS OF CREDIT

3.01                        The Letter of
Credit Subfacility.

(a)                                  On the terms and conditions set forth
herein (i) each Issuing Lender agrees, (A) from time to time on any
Business Day during the period from the Amendment Effective Date to the
Termination Date to Issue Letters of Credit under the Commitments denominated
in Dollars or an Offshore Currency for the account of each Permitted Letter of
Credit Account Party and to amend or renew Letters of Credit previously issued
by it, and (B) to honor drafts under the Letters of Credit; and
(ii) the Lenders severally agree to participate in Letters of Credit Issued
for the account of one or more of the Permitted Letter of Credit Account
Parties; provided, however, that an Issuing Lender shall not be obligated to
Issue, and no Lender shall be obligated to participate in, any Letter of Credit
if to do so would violate Section 2.01(a); provided, further,
that with respect to a request for a Letter of Credit denominated in an
Offshore Currency, the Issuing Lender shall not be obligated to Issue or amend
such a Letter of Credit if and so long as the Issuing Lender determines that it
cannot pay under a Letter of Credit denominated in such Offshore Currency.  Within the foregoing limits, and subject to
the other terms and conditions hereof, the ability of each Borrower or other
Permitted Letter of Credit Account Party to obtain Letters of Credit shall be
fully revolving, and, accordingly, each Permitted Letter of Credit Account
Party may, during the foregoing period, obtain Letters of Credit to replace
Letters of Credit which have expired or which have been drawn upon and reimbursed.

(b)                                  The parties hereto acknowledge and agree
that as of the Amendment Effective Date, the letters of credit identified on Schedule
3.01(b) (collectively, the “Existing Letters of Credit”) are
outstanding under the Existing Credit Agreement and that such Existing Letters
of Credit shall be deemed to be outstanding under this Agreement and to
constitute Letters of Credit for all purposes hereunder.

  
 42
 

(c)                                  No Issuing Lender shall be under any
obligation to Issue any Letter of Credit if:

(i)                                     any order, judgment or decree of any
Governmental Authority or arbitrator shall by its terms purport to enjoin or
restrain such Issuing Lender from Issuing such Letter of Credit, or any
Applicable Law applicable to such Issuing Lender or any request or directive
(whether or not having the force of law) from any Governmental Authority with
jurisdiction over such Issuing Lender shall prohibit, or request that such
Issuing Lender refrain from, the Issuance of letters of credit generally or
such Letter of Credit in particular or shall impose upon such Issuing Lender
with respect to such Letter of Credit any restriction, reserve or capital
requirement (for which the Issuing Lender is not otherwise compensated
hereunder) not in effect on the Amendment Effective Date, or shall impose upon
such Issuing Lender any unreimbursed loss, cost or expense which was not
applicable on the Amendment Effective Date and which such Issuing Lender in
good faith deems material to it;

(ii)                                  such Issuing Lender has received written
notice from any Lender, the Administrative Agent or a Borrower, on or prior to
the Business Day prior to the requested date of Issuance of such Letter of
Credit, that one or more of the applicable conditions contained in Section 5.02
is not then satisfied;

(iii)                               the expiry date of any requested
Financial Letter of Credit is after the Applicable L/C Termination Date;

(iv)                              the expiry date of any requested
Performance Letter of Credit would cause the aggregate face amount of all
outstanding Performance Letters of Credit expiring after the Termination Date
to exceed $50,000,000; or

(v)                                 any requested Letter of Credit is not in
form and substance acceptable to such Issuing Lender, or the Issuance of a
Letter of Credit shall violate any applicable policies of such Issuing Lender.

(d)                                  Performance Letters of Credit in a Dollar
Equivalent aggregate face amount of up to $50,000,000 may remain outstanding
for up to twelve (12) months after the Termination Date.  If any Letter of Credit remains outstanding
after the Termination Date, the Borrowers shall, not later than the Termination
Date, secure the reimbursement obligations for such Letters of Credit (in the
form of cash collateral, back-to-back letters of credit or other liquid assets
in a form reasonably satisfactory to the Issuing Lender).  To the extent cash is deposited with an
Issuing Lender to secure such reimbursement obligations, it shall to be held by
the Issuing Lender in an interest bearing cash collateral account as collateral
hereunder, and the Borrowers hereby grant a security interest in such account
to the Issuing Lender and the Administrative Agent for and on behalf of the
Lenders.  If, notwithstanding the
Borrowers’ provision of such cash collateral, the Issuing Lender shall have any
liability with respect to any Letter of Credit after the Termination Date, each
Lender agrees that it will, upon the written request of the Issuing Lender,
forward to the Issuing Lender an amount (the “risk participation amount”) equal
to such Lender’s Pro Rata Share of such liability, based on its participation
in such Letter of Credit as of the Termination Date in accordance with Section 3.03(a).  Each such

  
 43
 

risk participation amount shall bear interest as if it were a Base Rate
Loan hereunder and shall be payable in full within two (2) Business Days of the
Issuing Lender’s demand therefor.  The
covenants in this paragraph shall survive the termination of this Agreement,
the expiration of the Letters of Credit, and the payment of the Notes and all
other amounts payable hereunder.

3.02                        Issuances and
Amendments of Letters of Credit.

(a)                                  Any Permitted Letter of Credit Account
Party may irrevocably request a Letter of Credit be Issued or otherwise amended
on any Business Day by delivering a Request for Extension of Credit therefor by
Requisite Notice to the Issuing Lender (with a copy to the Administrative Agent
if Union Bank is not the Issuing Lender) not later than the Requisite Time
therefor.  If the Company has designated
another Lender (with the consent of such Lender and the Administrative Agent,
such consent not to be unreasonably withheld) to be the Issuing Lender for that
particular Letter of Credit, it shall promptly notify the Administrative Agent
who shall then notify the Borrowers. 
Each such Request for Extension of Credit shall specify in form and
detail satisfactory to the applicable Issuing Lender:  (i) whether the Letter of Credit is a
Commercial Letter of Credit, Financial Letter of Credit, or a Performance
Letter of Credit; (ii) the proposed date of Issuance or amendment of the
Letter of Credit (which shall be a Business Day); (iii) the face amount of
the Letter of Credit; (iv) the expiry date of the Letter of Credit, which
shall conform to the definition of Applicable L/C Termination Date;
(v) the name and address of the beneficiary thereof; (vi) the
documents to be presented by the beneficiary of the Letter of Credit in case of
any drawing thereunder; (vii) the full text of any certificate to be
presented by the beneficiary in case of any drawing thereunder; (viii) the
currency of the Letter of Credit if other than Dollars; and (ix) such
other matters as such Issuing Lender may require.

(b)                                  Not later than 10:00 a.m.
(California time) at least one Business Day prior to the Issuance or amendment
of any Letter of Credit, the applicable Issuing Lender will notify the
Administrative Agent (by Requisite Notice) that such Issuing Lender has
received a copy of the L/C Application. 
Unless the Administrative Agent has notified such Issuing Lender by 3:00 p.m.
(California time) on such Business Day that (A) such Issuing Lender is not
to Issue or amend such Letter of Credit because such Issuance or amendment is
not then permitted under Section 3.01 or (B) one or more
conditions specified in Section 5.02 are not then satisfied, then,
subject to the terms and conditions hereof, such Issuing Lender shall, on the
requested date, Issue or amend the Letter of Credit for the account of the
applicable Permitted Letter of Credit Account Party in accordance with such
Issuing Lender’s usual and customary business practices; provided, however,
that, unless the Issuing Lender otherwise determines in each instance in its
sole discretion, the conditions specified in Section 5.02 need not
be satisfied with respect to an amendment that does not otherwise constitute an
Issuance.  All Issuances and amendments
are subject to acceptance thereof by the beneficiary of such Letter of Credit.

(c)                                  Each Issuing Lender may, at its election
(or as required by the Administrative Agent at the direction of the Majority
Lenders), deliver any notices of termination or other communications to any
Letter of Credit beneficiary or transferee, and take any other action as
necessary or appropriate, at any time and from time to time, in order to cause
the expiry date of such Letter of Credit to be a date not later than the
Applicable L/C Termination Date.

  
 44

(d)                                  This Agreement shall control in the event
of any conflict with any L/C-Related Document (other than any Letter of
Credit).

(e)                                  Each Issuing Lender will also deliver to
the Administrative Agent, concurrently or promptly following its Issuance or
amendment of a Letter of Credit a true and complete copy thereof.

3.03                        Risk
Participations, Drawings and Reimbursements.

(a)                                  Immediately upon the Issuance of each
Letter of Credit, each Lender shall be deemed to, and hereby irrevocably and
unconditionally agrees to, purchase from each Issuing Lender a participation in
such Letter of Credit and each drawing thereunder in an amount equal to the
product of (i) the Pro Rata Share of such Lender, times (ii) the
maximum amount available to be drawn under such Letter of Credit and the amount
of such drawing, respectively.  For
purposes of Section 2.01(a), each Issuance of a Letter of Credit
shall be deemed to utilize the Commitment of each Lender by an amount equal to
the amount of such participation.

(b)                                  Upon any drawing under a Letter of
Credit, the Issuing Lender thereof will promptly notify the Borrowers.  The Borrowers shall reimburse such Issuing
Lender not later than the Requisite Time therefor, on each date that any amount
is paid by such Issuing Lender under any Letter of Credit (each such date, an “Honor
Date”), in an amount equal to the amount so paid by such Issuing
Lender.  With respect to Letters of
Credit denominated in Offshore Currencies, the Borrowers may reimburse the
Issuing Lender in the currency thereof or the Dollar Equivalent thereof.  In the event the Borrowers shall fail to
reimburse any Issuing Lender for the full amount of any drawing under any
Letter of Credit by the Requisite Time therefor on any Honor Date occurring
prior to the Termination Date, such Issuing Lender will promptly notify the
Administrative Agent by Requisite Notice of such unreimbursed drawing, and the
Administrative Agent will promptly notify each Lender thereof by Requisite
Notice.

(c)                                  Upon receipt of any notice pursuant to Section 3.03(b),
each Lender shall make available to the Administrative Agent for the account of
the applicable Issuing Lender by the Requisite Time therefor an amount in
Dollars and in immediately available funds equal to its Pro Rata Share of the
Dollar Equivalent amount of the unreimbursed drawing.  The Administrative Agent shall remit the
funds so received to the Issuing Lender. 
If the conditions precedent set forth in Section 5.02 can be
satisfied (but for the giving of notice by the Borrowers and without regard to
the Minimum Amount), the Borrowers shall be deemed to have requested a
Borrowing of Base Rate Loans in that amount, and each Lender’s funding shall be
deemed to be a Base Rate Loan to the Borrowers.

(d)                                  If the conditions precedent set forth in Section 5.02
cannot be satisfied in respect of a notice pursuant to Section 3.03(b),
the Borrowers shall be deemed to have incurred from the Issuing Lender Issuing
such Letter of Credit an L/C Borrowing in the Dollar Equivalent amount of such
drawing, which L/C Borrowing shall be due and payable on demand (together with
interest) and shall bear interest at a rate per annum equal to the Base Rate
plus the Applicable Margin based on Level 1 plus 2% per annum, and each
Lender’s payment to such Issuing Lender pursuant to Section 3.03(c)
shall be deemed payment in respect of its

 45
 

participation in such L/C Borrowing and shall constitute an L/C Advance
from such Lender in satisfaction of its participation obligation under this Section 3.03.

(e)                                  Each Lender’s obligation in accordance
with this Agreement to make the Loans or L/C Advances, as contemplated by this Section 3.03,
as a result of a drawing under a Letter of Credit shall be absolute and
unconditional and without recourse to any Issuing Lender and shall not be
affected by any circumstance, including (i) any set-off, counterclaim,
recoupment, defense or other right which such Lender may have against such
Issuing Lender, any of the Borrowers or any other Person for any reason
whatsoever; (ii) the occurrence or continuance of a Default, an Event of
Default or a Material Adverse Effect; or (iii) any other circumstance,
happening or event whatsoever, whether or not similar to any of the foregoing.
If any Lender so notified shall fail to make available to the Administrative
Agent for the account of any Issuing Lender the amount of such Lender’s Pro
Rata Share of the amount of the drawing by no later than the Requisite Time
therefor on the Honor Date, then interest shall accrue on such Lender’s
obligation to make such payment, from the Honor Date to the date such Lender
makes such payment, at a rate per annum equal to (i) the Overnight Rate in
effect from time to time during the period commencing on the Honor Date and
ending on the date three Business Days thereafter, and (ii) thereafter at
the Base Rate as in effect from time to time.

3.04                        Repayment of
Participations.

(a)                                  Upon (and only upon) receipt by the
Administrative Agent for the account of any Issuing Lender of funds from a
Borrower (i) in reimbursement of any payment made by such Issuing Lender
under a Letter of Credit with respect to which any Lender has paid the
Administrative Agent for the account of such Issuing Lender for such Lender’s
participation in such Letter of Credit pursuant to Section 3.03, or
(ii) in payment of interest thereon, the Administrative Agent will pay to
each Lender, in the same funds as those received by the Administrative Agent
for the account of such Issuing Lender, the amount of such Lender’s Pro Rata
Share of such funds, and such Issuing Lender shall receive the amount of the
Pro Rata Share of such funds of any Lender that did not so pay the
Administrative Agent for the account of such Issuing Lender.

(b)                                  If the Administrative Agent or any
Issuing Lender is required at any time to return to any Borrower, or to a
trustee, receiver, liquidator, custodian, or any official in any Insolvency
Proceeding, any portion of the payments made by any Borrower to the
Administrative Agent for the account of such Issuing Lender pursuant to Section 3.04(a)
in reimbursement of a payment made under the Letter of Credit or interest or
fee thereon, each Lender shall, on demand of the Administrative Agent forthwith
return to the Administrative Agent or such Issuing Lender the amount of its Pro
Rata Share of any amounts so returned by the Administrative Agent or such
Issuing Lender plus interest thereon from the date such demand is made to the
date such amounts are returned by such Lender to the Administrative Agent or
such Issuing Lender, at a rate per annum equal to the Overnight Rate in effect
from time to time.

3.05                        Special Provisions Relating to
Auto-Renewal Letters of Credit.  If a Borrower
so requests in any applicable L/C Application, the Issuing Lender may, in its
sole and absolute discretion, agree to issue a Letter of Credit that has
automatic renewal provisions (each, an “Auto-Renewal Letter of Credit”);
provided that any such Auto-Renewal Letter of Credit must

 46
 

permit
the Issuing Lender to prevent any such renewal at least once in each
twelve-month period (commencing with the date of issuance of such Letter of
Credit) by giving prior notice to the beneficiary thereof not later than a day
(the “Nonrenewal Notice Date”) in each such twelve-month period to
be agreed upon at the time such Letter of Credit is issued.  Unless otherwise directed by the Issuing
Lender, a Borrower shall not be required to make a specific request to the
Issuing Lender for any such renewal. 
Once an Auto-Renewal Letter of Credit has been issued, the Lenders shall
be deemed to have authorized (but may not require) the Issuing Lender to permit
the renewal of such Letter of Credit at any time to a date not later than the
Applicable L/C Termination Date; provided, however, that the
Issuing Lender shall not permit any such renewal if (A) the Issuing Lender
would have no obligation at such time to issue such Letter of Credit in its
renewed form under the terms hereof, or (B) it has received notice (which
may be by telephone or in writing) on or before the day that is two Business
Days before the Nonrenewal Notice Date (1) from the Administrative Agent
that the Majority Lenders have elected not to permit such renewal or
(2) from the Administrative Agent, any Lender or a Borrower that one or
more of the applicable conditions specified in Section 5.02 is not
then satisfied.  Notwithstanding anything
to the contrary contained herein, the Issuing Lender shall have no obligation
to permit the renewal of any Auto-Renewal Letter of Credit at any time.

3.06                        Role of Issuing
Lender.

(a)                                  Each Lender and each Borrower agree that,
in paying any drawing under a Letter of Credit, no Issuing Lender shall have
any responsibility to obtain any document (other than any sight draft and
certificates expressly required by the Letter of Credit) or to ascertain or
inquire as to the validity or accuracy of any such document or the authority of
the Person executing or delivering any such document.

(b)                                  No Administrative Agent-Related Person
nor any of the respective correspondents, participants or assignees of any Issuing
Lender shall be liable to any Lender for: 
(i) any action taken or omitted in connection herewith at the
request or with the approval of the Lenders (including the Majority Lenders, as
applicable); (ii) any action taken or omitted in the absence of gross
negligence or willful misconduct; or (iii) the due execution,
effectiveness, validity or enforceability of any L/C-Related Document.

(c)                                  Each Borrower hereby assumes all risks of
the acts or omissions of any beneficiary or transferee with respect to its use
of any Letter of Credit; provided, however, that this assumption
is not intended to, and shall not, preclude a Borrower’s pursuing such rights
and remedies as it may have against the beneficiary or transferee at law or
under any other agreement.  No Administrative
Agent-Related Person, nor any of the respective correspondents, participants or
assignees of any Issuing Lender, shall be liable or responsible for any of the
matters described in clauses (i) through (vii) of Section 3.07; provided,
however, anything in such clauses to the contrary notwithstanding, that
a Borrower may have a claim against an Issuing Lender, and such Issuing Lender
may be liable to such Borrower, to the extent, but only to the extent, of any
direct, as opposed to consequential or exemplary, damages suffered by such
Borrower which such Borrower proves were caused by such Issuing Lender’s
willful misconduct or gross negligence or such Issuing Lender’s willful failure
to pay under any Letter of Credit, after the presentation to it by the
beneficiary of a sight draft and certificate(s) strictly complying with the
terms and conditions of a Letter of Credit. 
In furtherance and not in limitation of the

 47
 

foregoing:  (i) such Issuing
Lender may accept documents that appear on their face to be in order, without
responsibility for further investigation, regardless of any notice or
information to the contrary; and (ii) such Issuing Lender shall not be
responsible for the validity or sufficiency of any instrument transferring or
assigning or purporting to transfer or assign a Letter of Credit or the lights
or benefits thereunder or proceeds thereof, in whole or in part, which may
prove to be invalid or ineffective for any reason.

3.07                        Obligations Absolute. 
The obligations of each Borrower under this Agreement and any
L/C-Related Document to reimburse any Issuing Lender for a drawing under a
Letter of Credit, and to repay any L/C Borrowing and any drawing under a Letter
of Credit converted into Loans, shall be unconditional and irrevocable, and
shall be paid strictly in accordance with the terms of this Agreement and each
such other L/C-Related Document under all circumstances, including the
following:

(i)                                     any lack of validity or enforceability of
this Agreement or any L/C-Related Document;

(ii)                                  any change in the time, manner or place
of payment of, or in any other term of, all or any of the obligations of a
Borrower in respect of any Letter of Credit or any other amendment or waiver of
or any consent to departure from all or any of the L/C-Related Documents;

(iii)                               the existence of any claim, set-off,
defense or other right that a Borrower may have at any time against any
beneficiary or any transferee of any Letter of Credit (or any Person for whom
any such beneficiary or any such transferee may be acting), any Issuing Lender
or any other Person, whether in connection with this Agreement, the
transactions contemplated hereby or by the L/C-Related Documents or any
unrelated transaction;

(iv)                              any draft, demand, certificate or other
document presented under any Letter of Credit proving to be forged, fraudulent,
invalid or insufficient in any respect or any statement therein being untrue or
inaccurate or inaccurate in any respect; or any loss or delay in the
transmission or otherwise of any document required in order to make a drawing
under any Letter of Credit;

(v)                                 any payment by any Issuing Lender under
any Letter of Credit made in accordance with the UCP or ISP98 (as defined in Section 3.10)
against presentation of a draft or certificate that does not strictly comply
with the terms of any Letter of Credit; or any payment made by any Issuing
Lender under any Letter of Credit to any Person purporting to be a trustee in
bankruptcy, debtor-in-possession, assignee for the benefit of creditors,
liquidator, receiver or other representative of or successor to any beneficiary
or any transferee of any Letter of Credit, including any arising in connection
with any Insolvency Proceeding;

(vi)                              any exchange, release or non-perfection
of any collateral, or any release or amendment or waiver of or consent to
departure from any other guarantee, for all or any of the obligations of each
Borrower in respect of any Letter of Credit; or

 48
 

(vii)                           any other circumstance or happening
whatsoever, whether or not similar to any of the foregoing, including any other
circumstance that might otherwise constitute a defense available to, or a
discharge of, any Borrower or a guarantor.

3.08                        Cash Collateral Pledge. 
Upon (i) the request of the Administrative Agent on behalf of the
Lenders, (A) if any Issuing Lender has honored any full or partial drawing
request on any Letter of Credit and such drawing has resulted in an L/C
Borrowing hereunder, or (B) if, as of the Termination Date, any Letters of
Credit may for any reason remain outstanding and partially or wholly undrawn,
or (ii) the occurrence of the circumstances described in Section 2.06,
the Borrowers shall secure the obligations for such Letter of Credit in the
form of cash collateral, back-to-back letters of credit or other liquid assets
in a form reasonably satisfactory to the Administrative Agent and the Issuing
Lender.

3.09                        Letter of
Credit Fees

(a)                                  With respect to each Commercial Letter of
Credit, Borrowers shall pay to the Administrative Agent on each Quarterly
Payment Date in arrears, for the account of each Lender in accordance with its
Pro Rata Share, a Letter of Credit fee equal to 1/8 of 1% per annum times the
actual daily maximum amount available to be drawn under each Letter of Credit
since (i) the previous Quarterly Payment Date, in the case of the Existing
Letters of Credit or (ii) the later of the Amendment Effective Date and the
previous Quarterly Payment Date, in the case of all other Letters of Credit.

(b)                                  With respect to each Financial Letter of
Credit and Performance Letter of Credit, the Borrowers shall pay to the
Administrative Agent on each Quarterly Payment Date in arrears, for the account
of each Lender in accordance with its Pro Rata Share, a Letter of Credit fee
equal to the fee set forth in the table below for such type of Letter of Credit
times the actual daily maximum amount available to be drawn under each Letter
of Credit since (i) the previous Quarterly Payment Date, in the case of the
Existing Letters of Credit or (ii) the later of the Amendment Effective Date
and the previous Quarterly Payment Date, in the case of all other Letters of
Credit.

	
  Type of

  Letter of Credit

  	
   

  	
  
Per Annum Fee

  
	
   

  	
   

  	
   

  
	
  Financial

  	
   

  	
  Applicable Margin for Offshore Rate Loans

  
	
   

  	
   

  	
   

  
	
  Performance

  	
   

  	
  75% of Applicable Margin for Offshore Rate Loans

  

 

If
there is any change in the Applicable Margin during any quarter, the actual
daily amount shall be computed and multiplied by the Applicable Margin
separately for each period during such quarter that such Applicable Margin was
in effect. In no event shall the minimum fee for any single Letter of Credit be
less than $350 per quarter for all the Lenders.

 49
 

(c)                                  The Borrowers shall pay directly to the
Issuing Lender for its sole account a fronting fee in an amount (i) with
respect to each Performance Letter of Credit and Financial Letter of Credit,
equal to 1/8 of 1% per annum on the daily average maximum amount thereof,
payable quarterly in arrears and (ii) with respect to each Commercial Letter of
Credit, equal to 1/8 of 1% of the face amount thereof, payable upon the
issuance thereof.

(d)                                  Each Borrower shall pay to each Issuing
Lender from time to time on demand the normal issuance, presentation, amendment
and other processing fees, and other standard costs and charges, of such Issuing
Lender relating to the letters of credit as from time to time in effect.

(e)                                  All fees with respect to a Letter of
Credit denominated in a foreign currency shall be payable in Dollars based on
the Dollar Equivalent thereof.

3.10                        Uniform Customs and Practice. 
Unless otherwise expressly agreed by the Issuing Lender and the
Borrowers when a Letter of Credit is issued, (i) performance under Letters of
Credit by the Issuing Lender, its correspondents, and beneficiaries will be
governed by the rules of the “International Standby Practices 1998” (ISP98) or
such later revision as may be published by the International Chamber of
Commerce (the “ICC”), and (ii) with respect to Commercial Letters
of Credit, the rules of the Uniform Customs and Practice for Documentary
Credits (the “UCP”), as published in its most recent version by the ICC on the
date any Commercial Letter of Credit is issued, and including the ICC decision
published by the Commission on Banking Technique and Practice on April 6,
1998 regarding the European single currency (euro).

SECTION
4.  TAXES,
YIELD PROTECTION AND ILLEGALITY

4.01                        Taxes.

(a)                                  Subject to Section 4.01(g),
any and all payments by the Borrowers to each Lender or the Administrative
Agent under this Agreement shall be made free and clear of, and without
deduction or withholding for, any and all present or future Taxes, excluding,
in the case of each Lender and the Administrative Agent, (i) such Taxes
(including income taxes or franchise taxes) as are imposed on or measured by each
Lender’s net income or net profits by any Governmental Authority in any
jurisdiction under the laws of which such Lender or the Administrative Agent,
as the case may be, is organized, has its principal office or maintains a
Lending Office or by any such Governmental Authority as a result of a present
or former connection between such Lender or the Administrative, as the case may
be, and such jurisdiction, (ii) any branch profits tax imposed by the
United States or any similar tax imposed by any other Governmental Authority in
any jurisdiction in which such Lender or the Administrative Agent, as the case
may be, is located, (iii) any Taxes which would not have been imposed but
for the failure or unreasonable delay by such Lender or the Administrative
Agent, as the case may be, to complete, provide or file and update or renew any
application, form, certificate, document or other evidence required from time
to time, properly completed and duly executed, to qualify for any applicable
exemption from or reduction of Taxes, and (iv) any Taxes imposed solely as
a result of gross negligence or willful misconduct on the part of such Lender
or the Administrative

 50
 

Agent, as the case may be) (all such non-excluded taxes, levies,
imposts, deductions, charges, withholdings and liabilities being hereinafter
referred to as “Lender Taxes”).

(b)                                  In addition, for the avoidance of doubt,
the Borrowers shall pay any present or future stamp or documentary taxes or any
other excise or property taxes, charges or similar levies which arise from any
payment made hereunder or from the execution, delivery or registration of, or
otherwise with respect to, this Agreement or any other Loan Documents
(hereinafter referred to as “Other Taxes”).

(c)                                  Subject to Section 4.01(g),
the Borrowers shall indemnify and hold harmless each Lender and the
Administrative Agent for the full amount of the Lender Taxes or Other Taxes
(including any Lender Taxes or Other Taxes imposed by any jurisdiction on
amounts payable under this Section 4.01 paid by the Lender or the
Administrative Agent and any liability (including penalties, interest,
additions to tax and expenses) arising therefrom or with respect thereto,
whether or not such Lender Taxes or Other Taxes were correctly or legally
asserted.  Payment under this indemnification
shall be made within 30 days from the date the Lender or the Administrative
Agent makes written demand therefor.

(d)                                  If a Borrower shall be required by law to
deduct or withhold any Lender Taxes or Other Taxes from or in respect of any
sum payable hereunder to any Lender or the Administrative Agent, then, subject
to Section 4.01(g): 
(i) the sum payable shall be increased as necessary so that after
making all required deductions (including deductions applicable to additional
sums payable under this Section 4.01) such Lender or the
Administrative Agent, as the case may be, receives an amount equal to the sum
it would have received had no such deductions been made; (ii) such
Borrower shall make such deductions, and (iii) such Borrower shall pay the
full amount deducted to the relevant taxation authority or other authority in
accordance with applicable law.

(e)                                  Within 30 days after the date of any
payment by a Borrower of the Lender Taxes or Other Taxes, each Borrower shall
furnish to the Administrative Agent the original or a certified copy of a
receipt evidencing payment thereof, or other evidence of payment satisfactory
to the Administrative Agent.

(f)                                    Each Lender which is a Person other than
a United States person for United States Federal income tax purposes (a “foreign
Person”) agrees that:  (i) it shall,
no later than the Amendment Effective Date (or, in the case of a Lender which
becomes a party hereto pursuant to Section 11.08 after the
Amendment Effective Date, the date upon which the Lender becomes a party
hereto) deliver to the Company through the Administrative Agent two accurate
and complete signed originals of Internal Revenue Service Form W-8BEN or any
successor thereto (“Form W-8BEN”), or two accurate and complete
signed originals of Internal Revenue Service Form W-8ECI or any successor
thereto (“Form W-8ECI”), as appropriate, and any other relevant
certification or documentation, in each case establishing to the reasonable
satisfaction of the Company and the Administrative Agentthat
the Lender is on the date of delivery thereof entitled to receive payments of
principal, interest and fees under this Agreement free from withholding of
United States Federal income tax; (ii) if at any time the Lender makes any
changes necessitating a new Form W-8BEN or Form W-8ECI, it shall with
reasonable promptness deliver to the Company through the Administrative Agent
in replacement for, or in

 51
 

addition to, the forms previously delivered by it hereunder, two
accurate and complete signed originals of Form W-8BEN; or two accurate and
complete signed originals of Form W-8ECI, as appropriate, and any other
relevant certification or documentation, in each case establishing to the
reasonable satisfaction of the Company and the Administrative Agent that the Lender
is on the date of delivery thereof entitled to receive payments of principal,
interest and fees under this Agreement free from withholding of United States
Federal income tax; (iii) it shall, before or promptly after the
occurrence of any event (including the passing of time but excluding any event
mentioned in (ii) above) requiring a change in or renewal of the most
recent Form W-8BEN or Form W-8ECI (and related certifications or documentation)
previously delivered by such Lender and deliver to the Company through the
Administrative Agent two accurate and complete original signed copies of Form
W-8BEN or Form W-8ECI (and related certifications or documentation) in
replacement for the forms previously delivered by the Lender; and (iv) it
shall, promptly upon the Company’s or the Administrative Agent’s reasonable
request to that effect, deliver to the Company or the Administrative Agent (as
the case may be) such other forms or similar documentation as may be required
from time to time by any applicable law, treaty, rule or regulation in order to
establish such Lender’s tax status for withholding purposes.  In addition, no foreign Person may acquire
any participation in any portion of an Obligation unless all payments to be
made to a Lender on behalf of such foreign Person would be and are completely,
exempt from United States withholding tax under an applicable statute or tax
treaty and, on or prior to the date of the proposed sale, the Lender selling
such participation has provided to the Company and the Administrative Agent two
accurate and complete signed originals of Internal Revenue Service Form W-8IMY
or any successor form and any other certificate or statement of exemption
required under the Code to establish that such foreign Person’s entitlement to such
exemption.

Each
Lender which is a United States person for United States Federal income tax
purposes (a “U.S. Person”) agrees to execute and deliver to the
Company through the Administrative Agent, no later than the Amendment Effective Date (or, in the
case of a Lender which becomes a party hereto pursuant to Section 11.08
after the Amendment Effective Date, the date upon which the Lender becomes a
party hereto) and on or before the date on which such
Lender sells a participation or otherwise ceases to act for its own account
with respect to the applicable portion of any sums paid or payable to such
Lender and before the first scheduled payment date in each subsequent year a
copy of Internal Revenue Service Form W-9 (or any successor or substitute forms)
properly completed and duly executed by such lender, and claiming that it is
organized and existing under the laws of the United States of America or any
State thereof.

(g)                                 The Borrowers will not be required to pay
any additional amounts in respect of United States Federal income tax pursuant
to Section 4.01(d) to any Lender for the account of any Lending
Office of such Lender:  (i) if the
obligation to pay such additional amounts would not have arisen but for a
failure by such Lender to comply with its obligations under Section 4.01(f)
in respect of such Lending Office; (ii) if such Lender shall have
delivered to the Company a Form W-8BEN in respect of such Lending Office
pursuant to Section 4.01(f), and such Lender shall not at any time
be entitled to exemption from deduction or withholding of United States Federal
income tax in respect of payments by the Borrowers hereunder for the account of
such Lending Office for any reason other than a change in United States law or
regulations or in the official interpretation of such law or regulations by any
governmental

 52
 

authority charged with the interpretation or administration thereof
(whether or not having the force of law) after the date of delivery of such
Form W-8BEN; or (iii) if the Lender shall have delivered to the Company a
Form W-8ECI in respect of such Lending Office pursuant to Section 4.01(f),
and such Lender shall not at any time be entitled to exemption from deduction
or withholding of United States Federal income tax in respect of payments by
the Borrowers hereunder for the account of such Lending Office for any reason
other than a change in United States law or regulations or any applicable tax
treaty or regulations or in the official interpretation of any such law, treaty
or regulations by any governmental authority charged with the interpretation or
administration thereof (whether or not having the force of law) after the date
of delivery of such Form W-8ECI.  The
Borrowers will not be required to pay any additional amounts in respect of
United States Federal income tax pursuant to Section 4.0 1(d) to
any Lender for the account of any Participant: 
(a) if the obligation to pay such additional amounts would not have
arisen but for a failure by such Lender to comply with its obligations under Section 4.01(f)
in respect of such Participant; or (b) if such Lender shall have delivered
to the Company a Form W-8IMY in respect of such Participant pursuant to Section 4.01(f),
and such Lender shall not at any time be entitled to exemption from deduction
or withholding of United States Federal income tax in respect of payments by
the Borrowers to such Lender for the account of such Participant for any reason
other than a change in United States law or regulations or in the official
interpretation of such law or regulations by any governmental authority charged
with the interpretation or administration thereof (whether or not having the
force of law) after the date of delivery of such Form W-8IMY.

(h)                                 If a Borrower is required to pay
additional amounts to any Lender or the Administrative Agent pursuant to Section 4.01(d),
then such Lender shall use its reasonable best efforts (consistent with legal
and regulatory restrictions) to change the jurisdiction of its Lending Office
so as to eliminate any such additional payment by a Borrower which may
thereafter accrue if such change in the judgment of such Lender is not
otherwise disadvantageous to such Lender.

(i)                                    If any Borrower determines in good faith
that a reasonable basis exists for contesting a Lender Tax or Other Tax with
respect to which additional amounts have been paid pursuant to this
Section 4.01, the relevant Lender or Administrative Agent, as applicable,
shall cooperate with such Borrower (but shall have no obligation to disclose
any confidential information, unless arrangements satisfactory to the relevant
Lender have been made to preserve the confidential nature of such information)
in challenging such Lender Tax at such Borrower’s expense if requested by such
Borrower (it being understood and agreed that none of Administrative Agent or
any Lender shall have any obligation to contest, or any responsibility for
contesting, any Tax).  If a Lender shall
become aware that it is entitled to receive a refund (whether by way of a
direct payment or by offset) in respect of a Lender Tax or Other Tax with
respect to which additional amounts have been paid pursuant to this
Section 4.01, it shall promptly notify such Borrower of the availability
of such refund (unless it was made aware of such refund by a Borrower) and
shall, within 30 days after the receipt of a request from such Borrower, apply
for such refund at such Borrower’s sole expense.  If any Lender or Administrative Agent, as
applicable, receives a refund (whether by way of a direct payment or by offset)
of any Lender Tax or Other Tax with respect to which additional amounts have
been paid pursuant to this Section 4.01 and which, in the reasonable good
faith judgment of such Lender or Administrative Agent, as the case may be, is
allocable to such payment, the amount of

 53
 

such refund (together with any interest received thereon) shall be paid
to such Borrower to the extent payment of such Lender Tax or Other Tax has been
made in full as and when required pursuant to this Section 4.01.

4.02                        Increased Costs
and Reduction of Return.

(a)                                  If any Lender or any Issuing Lender shall
determine that, due to either (i) the introduction of or any change (other
than any change by way of imposition of or increase in reserve requirements
contemplated by subsection (c) below) in or in the interpretation of any
law or regulation or (ii) the compliance with any guideline or request
arising after the date hereof from any central bank or other Governmental
Authority (whether or not having the force of law), there shall be any increase
in the cost to such Lender of agreeing to make or making, funding or
maintaining any Offshore Rate Loans or participating in any L/C Obligations, or
any increase in the cost to such Issuing Lender of agreeing to issue, issuing
or maintaining any Letter of Credit or of agreeing to issue, issuing or
maintaining any Letter of Credit or of agreeing to make or making, funding or
maintaining any unpaid drawing under any Letter of Credit, then the Borrowers
shall be liable for, and shall from time to time, upon demand therefor by such
Lender or such Issuing Lender, as the case may be (with a copy of such demand
to the Administrative Agent), pay to the Administrative Agent for the account
of such Lender or such Issuing Lender, additional amounts as are sufficient to
compensate such Lender or such Issuing Lender for such increased costs.

(b)                                  If any Lender or any Issuing Lender shall
have determined that (i) the introduction of any Capital Adequacy
Regulation, (ii) any change in any Capital Adequacy Regulation, (iii) any
change in the interpretation or administration of any Capital Adequacy
Regulation by any central bank or other Governmental Authority charged with the
interpretation or administration thereof, or (iv) compliance by the Lender
(or its Lending Office) or such Issuing Lender, as the case may be, or any
corporation controlling the Lender or such Issuing Lender, as the case may be,
with any Capital Adequacy Regulation; affects or would affect the amount of
capital required or expected to be maintained by the Lender or such Issuing
Lender or any corporation controlling the Lender or such Issuing Lender and
(taking into consideration such Lender’s, such Issuing Lender’s or such
corporation’s policies with respect to capital adequacy and such Lender’s, such
Issuing Lender’s or corporation’s desired return on capital) determines that
the amount of such capital is increased as a consequence of its Commitments,
loans, credits, participations in Letters of Credit, or obligations under this
Agreement, then, upon demand of such Lender (with a copy to the Administrative
Agent), the Borrowers shall pay to the Lender or such Issuing Lender, from time
to time as specified by the Lender or such Issuing Lender, additional amounts
sufficient to compensate the Lender or such Issuing Lender for such increase.

(c)                                  The Borrowers shall pay to each Lender,
as long as such Lender shall be required to maintain reserves with respect to
liabilities or assets consisting of or including eurocurrency funds or deposits
(currently known as “Eurocurrency liabilities”), additional costs on the unpaid
principal amount of each Offshore Rate Loan equal to the actual costs of such
reserves allocated to such Loan by such Lender (as determined by such Lender in
good faith, which determination shall be conclusive), which shall be due and
payable on each date on which interest is payable on such Loan.

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4.03                        Illegality.

(a)                                  If any Lender shall determine that the
introduction of any Applicable Laws or any change in any Applicable Law, or in
the interpretation or administration thereof, has made it unlawful, or that any
central bank or other Governmental Authority has asserted that it is unlawful,
for any Lender or its Lending Office to make Offshore Rate Loans, then, on
notice thereof by the Lender to the Company through the Administrative Agent,
the obligation of that Lender to make Offshore Rate Loans shall be suspended
until the Lender shall have notified the Administrative Agent and the Company
that the circumstances giving rise to such determination no longer exist.

(b)                                  If a Lender shall determine that it is
unlawful to maintain any Offshore Rate Loan, each Borrower shall prepay in full
all Offshore Rate Loans of that Lender then outstanding, together with interest
accrued thereon, either on the last day of the Interest Period thereof if the
Lender may lawfully continue to maintain such Offshore Rate Loans to such day,
or immediately, if the Lender may not lawfully continue to maintain such
Offshore Rate Loans, together with any amounts required to be paid in
connection therewith pursuant to Section 4.05.

4.04                        Inability to Determine Rates. 
If the Administrative Agent shall have determined that for any reason
adequate and reasonable means do not exist for ascertaining the Offshore Rate
for any requested Interest Period with respect to a proposed Offshore Rate Loan
or that the Offshore Rate applicable to any requested Interest Period with
respect to a proposed Offshore Rate Loan does not adequately and fairly reflect
the cost to such Lender of funding such Loan, the Administrative Agent will
forthwith give notice of such determination to the Company and each
Lender.  Thereafter, the obligation of
the Lenders to make or maintain Offshore Rate Loans, as the case may be, hereunder
shall be suspended until the Administrative Agent upon the instruction of the
Majority Lenders revokes such notice in writing.  Upon receipt of such notice, a Borrower may
revoke any Request for Extension of Credit then submitted to it.  If a Borrower does not revoke such notice,
the Lenders shall make, Convert or Continue the Loans, as proposed by such
Borrower, in the amount specified in the applicable notice submitted by such
Borrower, but such Loans shall be made, Converted or Continued as Base Rate
Loans instead of Offshore Rate Loans.

4.05                        Funding Losses. 
Each Borrower agrees to reimburse each Lender and to hold each Lender
harmless from any loss or expense which the Lender may sustain or incur as a
consequence of:  (a) the failure of
such Borrower to make any payment of principal of any Offshore Rate Loan
(including payments made after any acceleration thereof); (b) the failure
of such Borrower to Borrow, Continue or Convert a Loan after such Borrower has
given (or is deemed to have given) a Request for Extension of Credit;
(c) the failure of such Borrower to make any prepayment after such
Borrower has given a notice in accordance with Section 2.04, 2.05
or 2.06; (d) the payment of an Offshore Rate Loan on a day which is
not the last day of the Interest Period, with respect thereto; or (e) the
conversion of any Offshore Rate Loan to a Base Rate Loan on a day that is not
the last day of the respective Interest Period; including any such loss or
expense arising from the liquidation or reemployment of funds obtained by it to
maintain its Offshore Rate Loans hereunder or from fees payable to terminate
the deposits from which such funds were obtained.  Solely for purposes of calculating amounts
payable by a Borrower to the Lenders under this Section 4.05 and
under Section 4.03(a), each Offshore Rate Loan made by

 55
 

a
Lender (and each related reserve, special deposit or similar requirement) shall
be conclusively deemed to have been funded at the Offshore Base Rate used in
determining the Offshore Rate for such Offshore Rate Loan by a matching deposit
or other borrowing in the interbank offshore market for a comparable amount and
for a comparable period, whether or not such Offshore Rate Loan is in fact so
funded.

4.06                        Certificates of Lenders. 
Any Lender claiming reimbursement or compensation pursuant to this Section 4
shall deliver to the Company (with a copy to the Administrative Agent) a
certificate setting forth in reasonable detail the amount payable to the Lender
hereunder and such certificate shall be conclusive and binding on the Borrowers
in the absence of manifest error.

4.07                        Substitution of Lenders. 
Upon the receipt by the Company from any Lender (an “Affected Lender”)
of a claim for compensation under Section 4.01 or 4.02,
the Company may:  (a) request the
Affected Lender to, use its best efforts to obtain a replacement bank or
financial institution satisfactory to the Company, to acquire and assume all or
a ratable part of all of such Affected Lender’s Loans and Commitments (a “Replacement
Lender”); (b) request one more of the other Lenders to acquire and
assume all or part of such Affected Lender’s Loans and Commitments; or
(c) designate a Replacement Lender. 
Any such designation of a Replacement Lender under clause (a) or (c)
shall be subject to the prior written consent of the Administrative Agent and
each Issuing Lender having any outstanding Letters of Credit (which consents
shall not be unreasonably withheld).

4.08                        Survival. 
The agreements and obligations of the Borrowers in this Section 4
shall survive the payment of all other Obligations.

SECTION
5.  CONDITIONS
TO LOANS AND LETTERS OF CREDIT

5.01                        Conditions
Precedent to All Loans and Letters of Credit.

The obligation of each Lender to make any Loans and the obligation of
any Issuing Lender to issue any Letters of Credit shall be subject to
satisfaction or written waiver by the Administrative Agent of all of the
following conditions precedent on the Amendment Effective Date:

(a)                                  Delivery of Certain Documents. 
The Administrative Agent shall have received all of the following, each
of which shall be in form and substance satisfactory to the Administrative
Agent and each Lender and, except for any Notes, in sufficient copies for each
Lender:

(1)                                  This Agreement, duly executed by each
Borrower, all the Lenders, the Issuing Lender and the Administrative Agent;

(2)                                  Each Note requested by any Lender,
executed by each Borrower and payable to the order of such Lender;

(3)                                  The Master Guaranty and Intercreditor
Agreement, duly executed by the Company, the Guarantors, the Subsidiary
Borrowers, the Administrative Agent,

 56
 

the Lenders, The Prudential Insurance Company of
America, Pruco Life Insurance Company, U.S. Private Placement Fund, The
Northwestern Mutual Life Insurance Company, and Union Bank, as the Creditor
Agent;

(4)                                  The names and true signatures of the
officers of each Borrower Party initially authorized to sign each Loan Document
to which it is a party, and the resolutions of each Borrower Party’s Board of
Directors approving and authorizing the execution, delivery and performance of each
Loan Document to which it is a party, in each case certified by the secretary
or assistant secretary of such Borrower Party;

(5)                                  The names and true signatures of the
officers of each Permitted Letter of Credit Account Party authorized to sign
each document required by the Issuing Lenders for the issuance of Letters of
Credit, and the resolutions of each Permitted Letter of Credit Account Party’s
Board of Directors approving and authorizing the execution, delivery and
performance of each L/C-Related Document to which it is a party, in each case
certified to the secretary or assistant secretary of such Permitted Letter of
Credit Account Party;

(6)                                  The Administrative Agent’s standard-form
Funds Transfer Agreement, Funds Transfer Authorization and Master Repetitive
Wire Instruction, attached hereto as Exhibits G, H and I,
respectively, each duly executed by the Company and the Administrative Agent;

(7)                                  A certificate of the Secretary of the
Company attesting that there have been no changes to the constituent documents
of the Company and of each Subsidiary Guarantor that were previously delivered
to the Administrative Agent in connection with the Existing Credit Agreement;

(8)                                  A favorable legal opinion dated the
Amendment Effective Date addressed to the Administrative Agent and the Lenders
from counsel to the Company and its Subsidiaries, which may be from in-house
counsel;

(9)                                  A certificate signed by the Chief
Executive Officer, Vice Chairman, President, Controller, Chief Financial
Officer and Treasurer or any Senior Vice President of the Company, dated the
Amendment Effective Date, certifying, after due inquiry and solely in such
officer’s capacity as an officer of the Company:

(a)                                  that the representations and warranties
herein contained as to the Company and its Subsidiaries are true and correct in
all material respects, as if made on and as of the Amendment Effective Date;

(b)                                 that no Default or Event of Default has
occurred and is continuing or would result from any Extension of Credit being
made on the Amendment Effective Date;

(c)                                  that all conditions precedent set forth
in this Section 5.01 have been satisfied;

 57

(d)                                 that the Company and each Significant
Subsidiaries and each Subsidiary Borrower, on a pro forma
basis after giving effect to the extensions of credit hereunder on such date,
will be Solvent.

(10)                            Such other approvals, opinions, documents
or materials as the Administrative Agent or any Lender may request.

(b)                                  Financial Information. 
The Arrangers shall have been satisfied with their review of the
following:

(1)                                  The Company’s most recent operating and
financial statements;

(2)                                  A current backlog schedule for the
Company and its Subsidiaries;

(3)                                  The corporate organization and capital
structure of the Company and its Subsidiaries, including all employee stock
ownership, retirement, savings and executive compensation plans of the Company
and its Subsidiaries; and

(4)                                  Financial projections for the term of
this Agreement, including, but not limited to, a balance sheet, income
statement and statement of cash flows for the Company and its Subsidiaries.

(c)                                  Legal, Tax and Regulatory Matters. 
The Arrangers and their counsel shall have been reasonably satisfied
with their review of all legal, tax and regulatory matters relating to the
transactions contemplated under this Agreement.

(d)                                  Fees. 
The Company shall have paid to the Administrative Agent (i) for the
benefit of the Lenders an amendment fee in the amount specified in a separate
agreement dated May 26, 2006 between the Company and the Administrative Agent,
and (ii) for the benefit of the arrangers a fee in the amount specified in
a separate agreement between the Company and the Arrangers.

(e)                                  Representations and Warranties. 
All of the representations and warranties of the Borrowers contained in Section 6
and in any other Loan Documents and all of the representations and warranties
of the Guarantors in the Master Guaranty and Intercreditor Agreement and in any
other Loan Documents shall be true and correct in all material respects on and
as of the Amendment Effective Date as though made on and as of that date.

(f)                                    No Default. 
No Default or Event of Default shall have occurred and be continuing or
would result from the assumption by a Borrower or making to a Borrower of any
Loans being made or any Letters of Credit being issued on the Amendment
Effective Date.

(g)                                 No Material Adverse Change. 
No material adverse change shall have occurred (i) in the business,
assets, prospects, results of operations or financial condition of the Company
and its Subsidiaries, taken as a whole, (measured against the business, assets,
prospects, results of operations or financial condition of the Company and its
Subsidiaries as of June 30, 2006 or as reported by the Company and its
Subsidiaries as of such date), or (ii) in the

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ability of the Company or its Subsidiaries to perform their obligations
under the Loan Documents.

(h)                                 Applicable Law. 
The financings and other transactions contemplated hereby and the other
Loan Documents shall not contravene in any material respect any Applicable Law
applicable to the Administrative Agent or any Lender.

(i)                                    Minimum EBITDA of Guarantors and
Subsidiary Borrowers.  The Persons which are Guarantors and
Subsidiary Borrowers on the Amendment Effective Date shall have, without
duplication, accounted for at least 85% of Consolidated EBITDA for the Fiscal
Year ended September 30, 2005.

5.02                        Conditions Precedent to each
Extension of Credit.  In addition to any applicable conditions
precedent set forth elsewhere in this Section 5 or in Section 2,
the obligation of each Lender to honor any Request for Extension of Credit in
respect of a Borrowing of Loans or an Issuance of a Letter of Credit is subject
to the following conditions precedent:

(a)                                  Request for Extension of Credit. 
The Administrative Agent shall have timely received a Request for
Extension of Credit by Requisite Notice by the Requisite Time therefor.

(b)                                  Representations and Warranties. 
All of the representations and warranties of the Borrowers contained in Section 6
and in any other Loan Documents and all of the representations and warranties
of the Guarantors in the Master Guaranty and Intercreditor Agreement and in any
other Loan Documents shall be true and correct in all material respects on and
as of the Funding Date as though made on and as of that date.

(c)                                  No Default. 
No Default or Event of Default shall have occurred and be continuing or would
result from such Extension of Credit.

(d)                                  No Prohibition or Adverse
Litigation.  No Applicable Law shall prohibit, and no bona
fide litigation shall be pending or threatened against the Administrative
Agent, any Lender, any Issuing Lender or any Borrower which in the judgment of
the Administrative Agent is reasonably expected to prevent or make unlawful, or
impose any material adverse condition upon, the Loans, the Letters of Credit or
any other Loan Document, or the Company’s, or any of its Subsidiaries’ ability
to perform their respective obligations hereunder or thereunder.

Each Borrowing of Loans or Issuance of a Letter of Credit shall
constitute a representation and warranty by the Borrowers as of such Borrowing
Date that the conditions contained in Sections 5.02(b), (c)
and (d) have been satisfied.

5.03                        Conditions for a Subsidiary
Becoming a Subsidiary Borrower or Subsidiary Guarantor. 
As a condition precedent to a Wholly-Owned Subsidiary becoming a
Subsidiary Borrower, or whenever a Subsidiary of the Company is required to
become a Subsidiary Guarantor pursuant to Section 7.17, the Company
shall, and/or shall cause such Subsidiary to,

 59
 

deliver
to the Administrative Agent each of the following with respect to such
Subsidiary, in form and substance satisfactory to the Administrative Agent:

(a)                                  With respect to each such Subsidiary, the
items referred to in Section 5.01(a)(3) and, to the extent not
previously delivered, the items referred in Section 5.01(a)(4).

(b)                                  With respect to each such Subsidiary, the
opinion of counsel to the Company and such Subsidiary (or such other counsel
designated by the Company and acceptable to the Administrative Agent) as to
(i) such Subsidiary’s obligations under the Loan Documents to which it
will be a party being the legal, valid, binding and enforceable obligation of
such Subsidiary and (ii) the execution, delivery and performance of such
Loan Documents by such Subsidiary (A) being authorized by all necessary
corporate, company or partnership action, as applicable, (B) not violating
any law, decree, judgment or contractual obligation to which such Subsidiary is
a party or by which it or its assets are bound, and (C) not requiring any
government approvals, consents, registrations or filings.

(c)                                  With respect to each Subsidiary Borrower,
a duly executed and completed Instrument of Joinder, whereby such Subsidiary
agrees to be bound by the terms and conditions hereof, together with the
consent of each existing Borrower and each Lender, which may be given or
withheld by each Lender in its sole discretion.

(d)                                  With respect to each Subsidiary Borrower,
a duly executed and completed joinder agreement in the form of Exhibit A to the
Master Guaranty and Intercreditor Agreement, whereby such Subsidiary Borrower
agrees to be bound by the terms and conditions of the Master Guaranty and  Intercreditor Agreement as a Guarantied Party
in accordance with the terms thereof.

(e)                                  With respect to each Subsidiary
Guarantor, a duly executed and completed joinder agreement in the form of
Exhibit B to the Master Guaranty and Intercreditor Agreement whereby such
Subsidiary Guarantor agrees to be bound by the terms and conditions of the
Master Guaranty and Intercreditor Agreement as a Guarantor in accordance with
the terms thereof.

(f)                                    Such other approvals, opinions or
documents as the Administrative Agent or any Lender may reasonably request.

SECTION
6.  REPRESENTATIONS
AND WARRANTIES

Each Borrower represents and warrants to the Administrative Agent, the
Lenders and each Issuing Lender as follows:

6.01                        Organization,
Powers and Good Standing.

(a)                                  Organization and Powers. 
The Company, each Subsidiary Borrower and each Wholly-Owned Subsidiary
is duly organized, validly existing and in good standing under the laws of its
jurisdiction of formation and has all requisite corporate power and authority
and the legal right to own and operate its properties and to carry on its
business as heretofore

 60
 

conducted in each case where failure to be so qualified would have a
Material Adverse Effect.  Each Borrower
Party has all requisite corporate power and authority to enter into this
Agreement and the other Loan Documents to which it is a party, to issue the
Notes and to carry out the transactions contemplated hereby and thereby.  Each Guarantor has all requisite power and
authority to enter into each Loan Document to which it is a party and to carry
out the transactions contemplated thereby. 
The Company, each Subsidiary Borrower and each Wholly-Owned Subsidiary
possesses all Governmental Approvals, in full force and effect, that are
necessary for the ownership, maintenance and operation of its properties and
conduct of its business as now conducted and proposed to be conducted in each
case where failure to be so qualified would have a Material Adverse Effect, and
is not in material violation thereof.

(b)                                  Good Standing. 
The Company, each Subsidiary Borrower and each Wholly-Owned Subsidiary
is duly qualified and in good standing as a foreign corporation and authorized
to do business in each state where the nature of its business activities
conducted or properties owned or leased requires it to be so qualified and
where the failure to be so qualified would have a Material Adverse Effect.

(c)                                  Significant Subsidiaries. 
As of the date of this Agreement and as of the Amendment Effective Date,
the Company has no Significant Subsidiaries other than those identified in Schedule 6.01
hereto.  All foreign Subsidiaries that
would otherwise constitute Significant Subsidiaries if they were domestic
Subsidiaries are owned directly or indirectly by one of the Subsidiary
Borrowers.  The accounts of all
Subsidiaries are required to be consolidated with those of the Company in its
consolidated financial statements.

(d)                                  Partnerships and Joint Ventures. 
Except as set forth on Schedule 6.01 hereto, as of the
Amendment Effective Date neither the Company, the Subsidiary Borrowers, nor any
of the Significant Subsidiaries is a general partner or a party to or a limited
partner in any general or limited, partnership or a joint venturer in any Joint
Venture which has liabilities of $10,000,000 or more.  Each partnership and Joint Venture listed on Schedule 6.01
is duly organized and qualified or authorized to do business in each
jurisdiction where the nature of its business activities conducted or
properties owned or based requires it to be so qualified and where the failure
to be so qualified would have a Material Adverse Effect.

6.02                        Authorization,
Binding Effect, No Conflict, Etc.

(a)                                  Authorization by Borrower Parties. 
The execution, delivery and performance by each Borrower Party of each
Loan Document to which it is a party has been duly authorized by all necessary
corporate action on the part of each Borrower Party.

(b)                                  Execution and Delivery by
Borrower Parties.  Each Loan Document to which it is a party has
been duly executed and delivered by each Borrower Party.

(c)                                  Binding Obligations of Borrower
Parties.  Each Loan Document to which it is party is
the legal, valid and binding obligation of each Borrower Party, enforceable
against each of them in accordance with its terms, except as may be limited by
equitable principles and by bankruptcy, insolvency, reorganization, moratorium
or similar laws relating to creditors’ rights generally.

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(d)                                  No Conflict. 
The execution, delivery and performance by each Borrower Party of each
Loan Document to which it is party, and the consummation of the transactions
contemplated hereby and thereby, do not and will not (i) violate any
provision of the charter or bylaws of any Borrower Party, (ii) conflict
with, result in a breach of, or constitute (or, with the giving of notice or
lapse of time or both, would constitute) a default under, or require the
approval or consent of any Person pursuant to any material contractual
obligation of any Borrower Party or violate any provision of Applicable Law
binding on any Borrower Party, except where such default, breach, conflict or
violation would not individually or in the aggregate have a Material Adverse
Effect, or (iii) result in the creation or imposition of any Lien upon a
material asset of any Borrower Party, except for Liens in favor of the
Administrative Agent.

(e)                                  Governmental Approvals. 
No Governmental Approval is or will be required to be obtained by any
Borrower Party in connection with the execution, delivery and performance by
any Borrower Party of each Loan Document to which it is a party or the
transactions contemplated hereby or thereby except where the failure to obtain
such Governmental Approval would not have a Material Adverse Effect.

6.03                        Financial Information.

The consolidated balance sheet of the Company and its Subsidiaries at
September 30, 2005 and the consolidated statements of income, retained
earnings and cash flow of the Company and its Subsidiaries for the Fiscal Year
then ended, certified by the Company’s independent certified public
accountants, copies of which have been delivered to the Administrative Agent,
were prepared in accordance with GAAP consistently applied and fairly present
the consolidated financial position of the Company and its Subsidiaries as at
the date thereof and the results of operations and cash flow of the Company and
its Subsidiaries for the period then ended. 
Neither the Company nor any of its Subsidiaries had on such dates any Contingent
Obligations, liabilities for Taxes or long-term leases, forward or long-term
commitments or unrealized losses from any unfavorable commitments which are not
reflected in the foregoing statements or in the notes thereto and which are
material to the business, assets, prospects, results of operation or financial
condition of the Company and its Subsidiaries taken as a whole.

The internally-prepared consolidated balance sheet of the Company and
its Subsidiaries as at June 30, 2006 and the consolidated statements of
income, retained earnings and cash flow of the Company and its Subsidiaries for
the nine-month fiscal period then ended, copies of which have been delivered to
the Administrative Agent, were prepared in accordance with GAAP consistently
applied and fairly present the consolidated financial position of the Company
and its Subsidiaries as at the date thereof and the results of operations and
cash flow of the Company and its Subsidiaries for the period then ended.

6.04                        No Material Adverse Effect. 
Since June 30, 2006, there has been no Material Adverse Effect.

6.05                        Litigation. 
As of the Amendment Effective Date, except as set forth in Schedule 6.05
or any other schedule attached hereto, there are no actions, suits or
proceedings

 62
 

pending
or, to the knowledge of the Company, threatened against or affecting the
Company or any Subsidiary or any of its or their respective properties before
any Governmental Authority (a) in which there is a reasonable possibility
of an adverse determination that would have a Material Adverse Effect, or (b) which
draws into question the validity or the enforceability of this Agreement, any
other Loan Document or any transaction contemplated hereby.

6.06                        Agreements; Applicable Law. 
Except as set forth in Schedule 6.06, neither the Company
nor any Subsidiary is in violation of any Applicable Law, or in default under
any contractual obligations to which it is a party or by which its property is
bound, except where such violation or default would not individually or in the
aggregate have a Material Adverse Effect.

6.07                        Taxes. 
Except to the extent permitted by Section 7.04, all material
tax returns and reports of the Company and its Subsidiaries required to be
filed by any of them have been timely filed, and all material Taxes which are
due and payable have been paid when due and payable.  As of the Amendment Effective Date, except as
described on Schedule 6.07, the Company knows of no proposed tax
assessment against the Company or any of its Subsidiaries which is not being
actively contested by the Company or such Subsidiary in good faith and by
appropriate proceedings; provided that such reserves or other appropriate
provisions, if any, as shall be required in conformity with GAAP shall have
been made or provided therefor.  Neither
the Company nor any of its Subsidiaries is a party to or obligated under any
tax sharing or similar agreement other than the Tax Sharing Agreement.

6.08                        Governmental Regulation. 
Neither the Company nor any of its Subsidiaries is (i) an “investment
company” registered or required to be registered under the Investment Company
Act of 1940, as amended, or a company controlled by such a company or
(ii) subject to regulation under the Federal Power Act, the Interstate
Commerce Act or to any Federal or state statute or regulation limiting its
ability to incur Indebtedness for money borrowed.

6.09                        Margin Regulations. 
Neither the Company nor any of its Subsidiaries is engaged principally,
or as one of its important activities, in the business of extending credit for
the purposes of purchasing or carrying Margin Stock.  The execution, delivery and performance of
the Loan Documents by the Company and its Subsidiaries will not violate the
Margin Regulations.

6.10                        Employee
Benefit Plans.

(a)                                  As of the Amendment Effective Date, Schedule 6.10
sets forth a true, correct and complete list of Employee Benefit Plans.

(b)                                  The Company has delivered to the
Administrative Agent and/or its counsel a true and complete copy of
(i) each Employee Benefit Plan and any related funding agreements (e.g.,
trust agreements or insurance contracts), including all amendments (and
Schedule 6.20 includes a description of any such amendment that is not in
writing); (ii) the current draft of the summary plan description and all
subsequent summaries of material modifications of each Employee Benefit Plan;
(iii) the most recent Internal Revenue Service determination letter and/or
opinion letter, if applicable, for each Employee Benefit Plan that is intended
to qualify for favorable income Tax treatment under Section 401(a) of the
Code; (iv) the three (3) most recent

 63
 

Form 5500s (including all applicable Schedules and the opinions of the
independent accountants), if any, that were filed on behalf of the Employee
Benefit Plan; and (v) the nondiscrimination tests for the three (3) most
recent plan years.

(c)                                  All material contributions required to be
made to each Employee Benefit Plan under the terms of that Employee Benefit
Plan, ERISA, the Code, or any other applicable requirement of law have been
timely made.  All other amounts that should
be accrued to date as liabilities of the Company under or with respect to each
Employee Benefit Plan (including administrative expenses and incurred but not
reported claims) for the current plan year of the plan have been recorded on
the Books of the Company.  As of the
Amendment Effective Date, there will be no material liability of the Company
with respect to any Employee Benefit Plan that has previously been terminated
that has not been disclosed in the Company’s annual financial statements for
its Fiscal Year ended September 30, 2005.

(d)                                  Each Employee Benefit Plan has been
operated at all times in accordance with its terms in all material respects,
and complies currently, and has complied in the past, both in form and in
operation, in all material respects, with all applicable laws, including ERISA
and the Code, and any Employee Benefit Plan
maintained in a jurisdiction outside the United States or that provides
benefits to individuals outside the United States complies in all material
respects with any applicable law of such jurisdiction.  The IRS has issued a favorable determination
letter with respect to each Employee Benefit Plan that is intended to qualify
under Section 401(a) of the Code or such a determination letter is
pending, and to the best knowledge of the Company, no event has occurred
(either before or after the date of the letter) that would disqualify the plan.

(e)                                  With respect to each Benefit Plan that is
subject to Title IV of ERISA, all required premiums have been paid to the PBGC on
a timely basis, except for such premiums the failure of payment of which could
not reasonably be expected to result in a Material Adverse Effect.

(f)                                    Neither the Company, its Subsidiaries nor
any ERISA Affiliate has incurred any material withdrawal liability (including
any contingent or secondary withdrawal liability) to any Multiemployer Plan,
and no event has occurred, and there exists no condition or set of
circumstances, that presents a material risk of the occurrence of any
withdrawal (partial or otherwise) from, or the partition, termination,
reorganization, or insolvency of any Multiemployer Plan that could result in
any material liability on behalf of the Company, any Subsidiary or any ERISA
Affiliate to a Multiemployer Plan.  All
material contributions required to be made by the Company and its ERISA
Affiliates to any Multiemployer Plan have been timely made.

(g)                                 No ERISA Event has occurred or is
expected to occur that, when taken together with all other such ERISA Events,
could reasonably be expected to result in a Material Adverse Effect.

(h)                                 There are no investigations, proceedings,
lawsuits or claims pending or threatened relating to any Employee Benefit Plan
which has resulted or could reasonably be expected to result in a Material
Adverse Effect.

 64
 

(i)                                    To the best knowledge of the Company,
none of the Persons performing services for the Company has been improperly
classified as being independent contractors, leased employees, or as being
exempt from the payment of wages for overtime to an extent that has resulted or
could reasonably be expected to result in a Material Adverse Effect.

(j)                                    None of the Employee Benefit Plans
provide any benefits that (i) become payable or become vested solely as a
result of the consummation of this transaction or (ii) would result in
excess parachute payments (within the meaning of Section 280G of the Code)
solely as a result of the consummation of this transaction.  Furthermore, the consummation of this
transaction will not require the funding (whether formal or informal) of the
benefits under any Employee Benefit Plan (e.g., contributions to a “rabbi trust”).

6.11                        Title to Property; Liens. 
The Company and its Subsidiaries have good and marketable title to, or
valid and subsisting leasehold interests in, all of their respective Real
Property, and good title to or valid and subsisting leasehold interests in all
of their respective other property reflected in their books and records as
being owned by them, and none of such property is subject to any Lien, except
for Permitted Liens.

6.12                        Capitalization
and Ownership.

(a)                                  As of the Amendment Effective Date, the
authorized and outstanding Company’s Capital Stock is as set forth on Schedule 6.12.  All such outstanding shares of such Company’s
Capital Stock were duly authorized and validly issued and are fully paid and
nonassessable.

(b)                                  Except as set forth in the Company’s
Certificate of Incorporation and Bylaws or on Schedule 6.12 hereto
and as of the Amendment Effective Date, there are no outstanding subscriptions,
options, warrants, calls, rights (including preemptive rights) or other
agreements or commitments of any nature relating to any Capital Stock of the
Company or any of its Subsidiaries.

(c)                                  The Company is not subject to any
obligation (contingent or otherwise) to repurchase or otherwise acquire or
retire any shares of its Capital Stock except as set forth in the Certificate
of Incorporation or the bylaws of the Company or on Schedule 6.12
hereto and except as permitted under Section 8.06 or Section 8.10.

6.13                        Licenses, Trademarks; Etc. 
The Company and its Subsidiaries own or hold valid licenses in all
necessary Trademarks, copyrights, patents, patent rights, licenses and other
similar rights which are material to the conduct of their respective businesses
as heretofore operated.  Neither the
Company nor any of its Subsidiaries has been charged or, to the knowledge of
the Company, threatened to be charged with any infringement of, nor has any of
them infringed on, any unexpired Trademark, patent, patent registration,
copyright, copyright registration or other proprietary right of any Person
except where the effect thereof individually or in the aggregate would not have
a Material Adverse Effect or except as set forth on Schedule 6.13.

6.14                        Environmental Condition.  Except
as set forth on Schedule 6.14 and except to the extent not giving rise
to any Environmental Claim with a liability to the Company and its

 65
 

Subsidiaries
in excess of $10,000,000 after giving effect to any insurance proceeds
reasonably expected to be available:

(a)                                  The operations of the Company and each of
its Subsidiaries comply with all Environmental Laws.

(b)                                  The Company and each of its Subsidiaries
have obtained all Governmental Approvals under Environmental Laws necessary to
their respective operations, and all such Governmental Approvals are in good
standing, and the Company and each of its Subsidiaries are in compliance with
all terms and conditions of such Governmental Approvals.

(c)                                  Neither the Company nor any of its
Subsidiaries has received (a) any notice or claim to the effect that it is
or may be liable to any Person as a result of or in connection with any
Hazardous Materials or (b) any letter or request for information under
Section 104 of the Comprehensive Environmental Response, Compensation, and
Liability Act (42 U.S.C. § 9604) or comparable state laws, and, to the
best of the Company’s knowledge, none of the operations of the Company or any
of its Subsidiaries is the subject of any federal or state investigation
relating to or in connection with any Hazardous Materials at any other
location.

(d)                                  None of the operations of the Company or
any of its Subsidiaries is subject to any judicial or administrative proceeding
alleging the violation of or liability under any Environmental Laws.

(e)                                  Neither the Company nor any of its
Subsidiaries nor any of their respective Facilities or operations are subject
to any outstanding written order or agreement with any Governmental Authority
or private party relating to (i) any Environmental Laws or (ii) any
Environmental Claims.

(f)                                    To the knowledge of the Company, neither
the Company nor any of its Subsidiaries has any contingent liability in
connection with any release of any Hazardous Materials by the Company or any of
its Subsidiaries.

(g)                                 Neither the Company nor any of its
Subsidiaries nor, to the knowledge of the Company, any predecessor of the
Company or any of its Subsidiaries has filed any notice under any Environmental
Law indicating past or present treatment or release of Hazardous Materials at any
Facility, and none of the Company’s or any of its Subsidiaries’ operations
involves the generation, transportation, treatment, storage or disposal of
hazardous waste pursuant to 40 C.F.R. Parts 260-270 or any state equivalent at
any Facility.

(h)                                 No Hazardous Materials exist on, under,
or about any Facility.  Neither the
Company nor any of its Subsidiaries has filed any notice or report of a release
of any Hazardous Materials.

(i)                                    Neither the Company nor any of its
Subsidiaries nor, to the knowledge of the Company, any of their respective
predecessors has disposed of any Hazardous Materials.

 66
 

(j)                                    To the knowledge of the Company, no
underground storage tanks or surface impoundments are on or at any Facility of
the Company that do not comply with Applicable Law.

(k)                                No Lien in favor of any person relating
to or in connection with any Environmental Claim has been filed or has been
attached to any Facility.

6.15                        Solvency. 
After giving effect to the transactions contemplated by the Loan
Documents and the payment of all fees related thereto and hereto, as of the
Amendment Effective Date, the Company, the Subsidiary Borrowers and the
Guarantors on a consolidated basis are Solvent and each of the Subsidiary
Borrowers and each Guarantor individually is Solvent.

6.16                        Absence of Certain Restrictions. 
Except as set forth in the Foreign Subsidiary Credit Agreement, neither
the Company nor any Subsidiary is subject to any contractual obligation which
restricts or limits the ability of any Subsidiary to (a) pay dividends or
make any distributions on its Capital Stock, (b) pay Indebtedness owed by
the Company or any Subsidiary, (c) make any loans or advances to the
Company or (d) except as provided in contractual obligations respecting
the specific assets subject to Permitted Liens, transfer any of its property to
the Company.

6.17                        Labor Matters. 
There are no material strikes or other labor disputes or grievances
pending or, to the knowledge of the Company, threatened against the Company or
any of its Subsidiaries except as described on Schedule 6.17 or as
otherwise disclosed to the Administrative Agent in writing.  As of the Amendment Effective Date, none of
the Company or any of its Subsidiaries is a party to any collective bargaining
agreement except as described on Schedule 6.17.  The Company and its Subsidiaries have
complied in all material respects with the requirements of the Worker
Adjustment and Retraining Notification Act, 29 U.S.C. Section 2101 et seq. (“WARN”). 
No claim under WARN against the Company or any of its Subsidiaries is
pending or, to the knowledge of the Company, threatened against the Company or
any of its Subsidiaries except where the effect thereof individually or in the
aggregate would not have a Material Adverse Effect.

6.18                        Full Disclosure. 
To the knowledge of the Company, none of the representations or
warranties made by the Company or any of its Subsidiaries in the Loan Documents
as of the date such representations and warranties are made or deemed made, and
none of the statements contained in each exhibit, report, statement or
certificate furnished by or on behalf of the Company or any of its Subsidiaries
in connection with the Loan Documents (including the offering and disclosure
materials delivered by or on behalf of the Company to the Lenders prior to the
Amendment Effective Date), contains any untrue statement of a material fact or
omits any material fact required to be stated therein or necessary to make the
statements made therein, in light of the circumstances under which they are
made, not misleading as of the time when made or delivered.

6.19                        Tax Shelter Regulations. 
The Borrowers do not intend to treat the Loans and/or Letters of Credit
and related transactions as being a “reportable transaction” (within the
meaning of Treasury Regulation Section 1.6011­4).  In the event any Borrower determines to take
any

 67
 

action
inconsistent with such intention, it will promptly notify the Administrative
Agent thereof.  If the Borrowers so
notify the Administrative Agent, the Borrowers acknowledge that one or more of
the Lenders may treat its Loans and/or its interest in Letters of Credit as
part of a transaction that is subject to Treasury Regulation
Section 301.6112-1, and such Lender or Lenders, as applicable, will
maintain the lists and other records required by such Treasury Regulation.

SECTION
7.  AFFIRMATIVE
COVENANTS

The Company covenants and agrees that, so long as any portion of the
Commitments shall be in effect and until all Obligations are paid in full, the
Company shall perform each and all of the following:

7.01                        Financial Statements. 
The Company shall deliver to the Administrative Agent, with sufficient
copies for each Lender:

(a)                                  as soon as practicable and in any event
within 120 days after the end of each Fiscal Year of the Company, consolidated
and with respect to the Subsidiaries identified on Schedule 7.01
hereto consolidating balance sheets of the Company and its Subsidiaries as of
the end of such year and the related consolidated (and, except as to statements
of stockholders’ equity, consolidating with respect to the Subsidiaries
identified on Schedule 7.01 hereto) statements of income,
stockholders’ equity and cash flow of the Company and its Subsidiaries for such
Fiscal Year, setting forth in each case in comparative form the consolidated
figures for the previous Fiscal Year, all in reasonable detail and (i) in
the case of such consolidated financial statements, accompanied by a report
thereon, unqualified as to scope, accounting principles and going concern, of
independent certified public accountants of recognized national standing
selected by the Company and reasonably satisfactory to the Administrative Agent
(with the understanding that any of the so-called “Big Four” accounting firms
shall be deemed to be acceptable to the Administrative Agent), which report
shall state that such consolidated financial statements fairly present the
financial position of the Company and its Subsidiaries as at the date indicated
and the results of their operations and cash flow for the periods indicated in
conformity with GAAP (except as otherwise stated therein) and that the
examination by such accountants in connection with such consolidated financial
statements has been made in accordance with generally accepted auditing
standards, and (ii) in the case of such consolidating financial
statements, certified by the chief financial officer or controller of the
Company as being fairly stated in all material respects when considered in
relation to the audited consolidated financial statements of the Company; and

(b)                                  as soon as practicable and in any event
within 60 days after the end of each Fiscal Quarter (and within
120 days in the case of the last Fiscal Quarter of the Company’s Fiscal
Year) a consolidated balance sheet of the Company and its Subsidiaries as at
the end of such Fiscal Quarter and the related consolidated statements of
income, stockholders’ equity and cash flow of the Company and its Subsidiaries
for such Fiscal Quarter and the portion of the Company’s Fiscal Year ended at
the end of such Fiscal Quarter, setting forth in each case in comparative form
the consolidated figures for the corresponding periods of the prior Fiscal
Year, all in reasonable detail and certified by the Company’s chief financial
officer or controller as fairly presenting the consolidated financial condition
of the Company and its Subsidiaries as at

 68
 

the dates indicated and the consolidated results of their operations
for the periods indicated, subject to normal year-end adjustments and audit
changes.

As
to any information contained in materials furnished pursuant to Section 7.02(f),
the Company shall not be separately required to furnish such information under
subsection (a) or (b) above, but the foregoing shall not be in derogation
of the obligation of the Company to furnish the information and materials
described in subsection (a) and (b) above at the times specified
therein.

7.02                        Certificates; Other Information. 
The Company shall furnish to the Administrative Agent, with sufficient
copies for each Lender:

(a)                                  together with each delivery of financial
statements of the Company and its Subsidiaries pursuant to Sections 7.01(a)
and (b) above, a Compliance Certificate of the chief financial
officer, treasurer, or controller of the Company (i) stating that such
officer has reviewed the terms of the Loan Documents and has made, or has
caused to be made under his supervision, a review in reasonable detail of the
transactions and condition of the Company and its Subsidiaries during the
accounting period covered by such financial statements and that such review has
not disclosed the existence of any Default or Event of Default during or at the
end of such accounting period and that such officer does not have knowledge of
the existence, as at the date of such certificate, of any Default or Event of
Default, or, if he does have knowledge that a Default or an Event of Default
existed or exists, specifying the nature and period of existence thereof and
what action the Company has taken, is taking, or proposes to take with respect
thereto; and (ii) setting forth the calculations required to establish
whether the Company was in compliance with this Agreement on the date of such
financial statements;

(b)                                  [Reserved;]

(c)                                  as soon as practicable and in any event
within 60 days after the end of each Fiscal Quarter (and within
90 days in the case of the last Fiscal Quarter of the Company’s Fiscal
Year), a Compliance Certificate of the chief financial officer or controller of
the Company setting forth the Leverage Ratio, with reasonable detail as to the
calculation thereof, which calculations shall be based on the preliminary
unaudited consolidated financial statements of the Company and its Subsidiaries
for the last Fiscal Quarter of such Fiscal Year, and as soon as practicable
thereafter, in the event of any material variance in the actual calculation of
the Leverage Ratio from such preliminary calculation, a revised Compliance
Certificate setting forth the actual calculation thereof;

(d)                                  within 90 days after the end of each
Fiscal Year, an operating budget and projections for the Company and its
Subsidiaries for the next Fiscal Year, which shall include a balance sheet,
income statement and operating cash flow statement;

(e)                                  together with each delivery of the
quarterly financial statements of the Company and its Subsidiaries pursuant to Sections 7.01(a)
and 7.01(b), a schedule of the backlog of the contracts of the
Company and its Subsidiaries for the subject Fiscal Quarter, in the same form
as then prepared for the internal use of the Company and its Subsidiaries;

 69
 

(f)                                    promptly upon their becoming available,
copies of all financial statements, reports, notices and proxy statements sent
or made available by the Company to its security holders, all registration
statements (other than the exhibits thereto) and annual, quarterly or monthly
reports, if any, filed by the Company with the SEC and all press releases by
the Company concerning material developments in the business of the Company;
and

(g)                                 promptly after the Borrower has notified
the Administrative Agent of any intention by any Borrower to treat the Loans
and/or Letters of Credit and related transactions as being a “reportable
transaction” (within the meaning of Treasury Regulation Section 1.6011-4),
a duly completed copy of IRS Form 8886 or any successor form.

Reports
required to be delivered pursuant to Sections 7.01(a), 7.01(b)
or 7.02(f) (to the extent any such financial statements, reports or
proxy statements are included in materials otherwise filed with the SEC) may be
delivered electronically and if so, shall be deemed to have been delivered on
the date on which the Company posts such reports, or provides a link thereto,
either: (i) on the Company’s website on the Internet at the website
address listed on Schedule 11.02; (ii) when such report is
posted electronically on IntraLinks/IntraAgency or other relevant website which
each Lender and the Administrative Agent have access to (whether a commercial,
third-party website or whether sponsored by the Administrative Agent), if any,
on the Company’s behalf; or (iii) when such report is filed electronically
with the SEC’s EDGAR system; provided that: (x) the Company shall
deliver paper copies of such reports to the Administrative Agent or any Lender
who requests the Company to deliver such paper copies until written request to
cease delivering paper copies is given by the Administrative Agent or such
Lender; (y) the Company shall notify (which may be by facsimile or
electronic mail) the Administrative Agent and each Lender of the posting of any
such reports and immediately following such notification the Company shall
provide to the Administrative Agent, by electronic mail, electronic versions
(i.e., soft copies) of such reports ; and (z) in every instance the
Company shall provide paper copies of the Compliance Certificates required by
subsection (c) above to the Administrative Agent. Except for such
Compliance Certificates, the Administrative Agent shall have no obligation to
request the delivery or to maintain copies of the reports referred to above,
and in any event shall have no responsibility to monitor compliance by the
Company with any such request for delivery, and each Lender shall be solely
responsible for requesting delivery to it or maintaining its copies of such
reports.

7.03                        Notices. 
The Company shall furnish to the Administrative Agent, with sufficient
copies for each Lender:

(a)                                  promptly and in no event later than five
(5) Business Days after any executive officer or any other Responsible Officer
of the Company obtains knowledge of the occurrence of any Default or Event of
Default, a certificate of a Responsible Officer of the Company setting forth
the details thereof and the action which the Company is taking or proposes to
take with respect thereto;

(b)                                  promptly and in no event later than ten
(10) Business Days after becoming aware thereof, notice of any of the following
events affecting the Company, together with a copy of any notice with respect
to such event that may be required to be filed with a Governmental

 70
 

Authority and any notice delivered by a Governmental Authority to the
Company with respect to such event:

(i)                                     an ERISA Event;

(ii)                                  the failure by the Company to make all
material contributions required to be made to each Pension Plan under the terms
of that plan, ERISA, the Code, or any other applicable requirement of law;

(iii)                               the adoption of any new Pension Plan or
other plan subject to Section 412 of the Code; or

(iv)                              the adoption of any amendment to a
Pension Plan or other plan subject to Section 412 of the Code, if such
amendment results in a material increase in contributions or Unfunded Pension
Liability;

(c)                                  promptly after any executive officer or
any other Responsible Officer of the Company obtains knowledge thereof, notice
of all litigation or proceedings commenced or threatened affecting the Company
or any Subsidiary (i) in which there is a reasonable likelihood of
(A) liability in excess of 2% of the Company’s Consolidated Net Worth (in
the aggregate for all related actions) and is not likely to be covered by insurance,
or (B) in which injunctive or similar relief is sought which if obtained
would have a Material Adverse Effect or (ii) which questions the validity
or enforceability of any Loan Document;

(d)                                  promptly after receipt thereof by the
Company, any of its Subsidiaries, or any Pension Plan (but in any event no less
often than quarterly), copies or notice of any written correspondence or
written communication from the United States Department of Labor, the IRS or
any other Governmental Agency with respect to such Pension Plan which could
reasonably be expected to result in a Material Adverse Effect;

(e)                                  promptly after any executive officer or
any other Responsible Officer of the Company learning thereof, notice (in
writing) giving details of any proceeding, notice or action by the United
States Department of Labor or the IRS relating to any potential assertion by
either such agency that any material violation of ERISA or the Code may have
occurred in connection with the administration or operation of any Pension Plan
which could reasonably be expected to result in a Material Adverse Effect;

(f)                                    promptly upon receipt thereof, copies of
all final reports or letters submitted to the Company by its independent
certified public accountants in connection with each annual audit of the
financial statements of the Company or its Subsidiaries made by such
accountants, including without limitation any “management letter,” and the
Company, agrees to obtain such a letter in connection with each of its annual
audits;

(g)                                 promptly after the availability thereof,
copies of all material amendments to the certificate of incorporation or bylaws
of the Company, each Subsidiary Borrower or any of the Significant
Subsidiaries, including any such amendments effected in connection with an IPO;

 71
 

(h)                                 promptly after the receipt thereof, a
copy of any notice, summons, citation or letter concerning any actual, alleged,
suspected or threatened Environmental Claim which could reasonably be expected
to result in a Material Adverse Effect after giving effect to any insurance
proceeds reasonably expected to be available;

(i)                                    promptly, notice of any material
amendment to, or waiver of any of its material rights under, any Pension Plan,
termination of any Pension Plan or merger of any Pension Plan into any other
Pension Plan; and

(j)                                    from time to time such additional
information regarding the financial position or business of the Company and its
Subsidiaries as the Administrative Agent on behalf of the Lenders may
reasonably request.

7.04                        Records and Inspection. 
The Company shall, and shall cause each Subsidiary to, maintain adequate
books, records and accounts as may be required or necessary to permit the
preparation of consolidated financial statements in accordance with sound
business practices and GAAP or the equivalent international standards for the
Subsidiary Borrowers.  The Company shall,
and shall cause each Subsidiary Borrower and Significant Subsidiary to, permit
such persons as the Administrative Agent may designate, at reasonable times and
under reasonable circumstances, to (a) visit and inspect any properties of
the Company and its Subsidiaries, (b) inspect and copy their books and
records, and (c) discuss with their officers and employees and their
independent accountants, their respective businesses; assets, liabilities,
prospects, results of operation and financial condition.

7.05                        Corporate Existence, Etc. 
Except as permitted by Section 8.06, the Company shall, and
shall cause each Subsidiary to, at all times preserve and keep in full force
and effect its corporate existence and any rights and franchises material to
its business; provided, however, that the corporate existence of
any Subsidiary may be terminated if such termination is determined by the
Company to be in its best interest and is not materially disadvantageous to the
Lenders.

7.06                        Payment of Taxes. 
The Company shall, and shall cause each Subsidiary to, pay and discharge
all material Taxes imposed upon it or any of its properties or in respect of
any of its franchises, business, income or property before any material penalty
shall be incurred with respect to such Taxes; provided, however,
that, unless and until foreclosure, distraint, levy, sale or similar
proceedings shall have commenced and shall not have been stayed, the Company
and its Subsidiaries need not pay or discharge any such Tax so long as the
validity or amount thereof is contested in good faith and by appropriate
proceedings and so long as any reserves or other appropriate provisions as may
be required by GAAP shall have been made therefor.

7.07                        Maintenance of Properties. 
The Company shall maintain or cause to be maintained in good repair,
working order and condition (ordinary wear and tear excepted), all material
properties useful or necessary to its business and the business of its
Subsidiaries considered as a whole, and from time to time the Company will make
or cause to be made all appropriate repairs, renewals and replacements thereto.

 72

7.08                        Maintenance of Insurance. 
The Company shall, and shall cause each Subsidiary to, maintain with
financially sound and reputable insurance companies, insurance in at least such
amounts, of such character and as against at least such risks as are usually
insured against in the same general area by companies of established repute
engaged in the same or a similar business. 
The Company shall furnish to the Administrative Agent, upon written
request, full information as to the insurance in effect at any time.

7.09                        Conduct of Business. 
The Company shall not, and shall not permit any of its Subsidiaries to,
engage in any business other than the businesses in which the Company and its
Subsidiaries taken as a whole are engaged as of the Amendment Effective Date or
any businesses or activities substantially similar or related thereto except
for other businesses which constitute an insubstantial part of the business of
the Company and its Subsidiaries taken as a whole.  The Company shall, and shall cause each Subsidiary
to, conduct its business in compliance in all material respects with Applicable
Law and all material contractual obligations.

7.10                        Further Assurances. 
The Company shall ensure that all written information, exhibits and
reports furnished to the Administrative Agent or the Lenders do not and will
not contain any untrue statement of a material fact and do not and will not
omit to state any material fact or any fact necessary to make the statements
contained therein not misleading in light of the circumstances in which made,
and will promptly disclose to the Administrative Agent and the Lenders and
correct any defect or error that may be discovered therein or in any Loan
Document or in the execution, acknowledgement, or recordation thereof.

7.11                        Subordination of Intercompany
Loans and Advances to the Company.  The Company
shall cause any Indebtedness owed by the Company to any Subsidiary to be
subordinated to the Obligations and any Indebtedness owed by any Subsidiary to
the Company or any other Subsidiary to be subordinated to the Obligations on
terms of subordination satisfactory to all the Lenders; provided, however,
that (a) such subordination may be evidenced on a general ledger or
evidenced by check, bank statement, note or other written agreement, document
or instrument and (b) as long as no Event of Default under Sections 9.01(a),
(f) or (g) has occurred and is continuing and no notice has been
delivered under Section 9.02(b), the Company and its Subsidiaries
may pay such Intercompany Indebtedness in the ordinary course of business.  All such Intercompany Indebtedness shall be
indicated on a general ledger or evidenced by a check, bank statement, note or
other written agreement, document or instrument.

7.12                        Payment of Obligations. 
The Company shall, and shall cause its Subsidiaries to, pay and
discharge as the same shall become due and payable, all their respective
obligations and liabilities, including:

(a)                                  all tax liabilities, assessments and
governmental charges or levies upon it or its properties or assets, unless the
same are being contested in good faith by appropriate proceedings and adequate
reserves in accordance with GAAP are being maintained by the Company or such
Subsidiary, which could reasonably be expected to result in a Material Adverse
Effect;

(b)                                  all lawful claims which, if unpaid, would
by law become a Lien upon its Property, which could reasonably be expected to
result in a Material Adverse Effect; and

 73
 

(c)                                  all Indebtedness, as and when due and
payable, but subject to any subordination provisions contained in any
instrument or agreement evidencing such Indebtedness, which could reasonably be
expected to result in a Material Adverse Effect.

7.13                        Compliance with Laws. 
The Company shall comply, and shall cause each of its Subsidiaries to
comply, in all material respects with all Applicable Laws of any Governmental
Authority having jurisdiction over it or its business (including the Federal
Fair Labor Standards Act), except such as may be contested in good faith or as
to which a bona fide dispute may exist or where non-compliance could not
reasonably be expected to result in a Material Adverse Effect.

7.14                        Environmental
Laws.

(a)                                  The Company shall, and shall cause each of its
Subsidiaries to, conduct its operations and keep and maintain any real property
owned or leased by the Company or any Subsidiary in compliance in all material
respects with all Environmental Laws.

(b)                                  Upon the written request of the Administrative Agent
or any Lender, the Company shall submit and cause each of its Subsidiaries to
submit, to the Administrative Agent with sufficient copies for each Lender, at
the Company’s sole cost and expense, at reasonable intervals, a report
providing an update of the status of any environmental, health or safety
compliance, hazard or liability issue identified in any notice or report
required pursuant to Section 7.03(h), that, individually or in the
aggregate, could reasonably be expected to result in liability in excess of
$10,000,000 after giving effect to any insurance proceeds reasonably expected
to be available.

7.15                        Solvency. 
The Company shall at all times be, and shall cause each of the
Subsidiary Borrowers and each Guarantor to be, Solvent.

7.16                        Use of
Proceeds.

(a)                                  Each Borrower shall use the proceeds of Loans
(i) to repay all obligations owing under the Existing Credit Agreement,
(ii) to finance Capital Expenditures, (iii) for Investments permitted
under Section 8.04, (iv) to make contributions or other
distributions to facilitate repurchases of Company’s Capital Stock, and (v) for
working capital and other general corporate purposes, including the payment of
any closing fees or expenses associated with the closing of the transactions
contemplated hereunder.

(b)                                  No portion of the Loans will be used, directly or
indirectly, (i) to purchase or carry Margin Stock or (ii) to repay or
otherwise refinance indebtedness of any Borrower or others incurred to purchase
or carry Margin Stock, or (iii) to extend credit for the purpose of
purchasing or carrying any Margin Stock. 
No proceeds of any Loans will be used to acquire any security in any
transaction which is subject to Section 13 or 14 of the Exchange Act.

7.17                        Additional Subsidiary Guarantors. 
Upon delivery of the annual financial statements for the Fiscal Year
ended September 30, 2006 and upon delivery of the annual financial
statements for each subsequent Fiscal Year ending thereafter as required under Section 7.01(a),
any new or existing Subsidiary of the Company which is a Significant

 74
 

Subsidiary
and which is not already a Guarantor shall be required to become a “Subsidiary
Guarantor” under, and as defined in, the Master Guaranty and Intercreditor
Agreement, and the Company shall, and shall cause such Subsidiary to, comply
with Section 8.12 of the Master Guaranty and Intercreditor Agreement and Section 5.03
of this Agreement applicable to a Guarantor. 
If upon delivery of the annual financial statements for the Fiscal Year
ended September 30, 2006 or upon delivery of the annual financial
statements for any subsequent Fiscal Year ending thereafter as required under Section 7.01(a)
for any Fiscal Year following the Amendment Effective Date, the Guarantors, the
Subsidiary Borrowers and their respective Wholly-Owned Subsidiaries, without
duplication, collectively do not account for at least 85% of Consolidated
EBITDA for such Fiscal Year, the Company shall cause such additional
Subsidiaries to become either Guarantors or Subsidiary Borrowers so that the
Guarantors, the Subsidiary Borrowers and their respective Wholly-Owned
Subsidiaries, without duplication, collectively account for at least 85% of
Consolidated EBITDA for such Fiscal Year.

SECTION
8.  NEGATIVE
COVENANTS

The Company covenants and agrees that, so long as any portion of the
Commitments shall be in effect and until all Obligations are paid in full, the
Company shall perform each and all of the following:

8.01                        Liens. 
The Company shall not, and shall not permit any of its Subsidiaries to,
directly or indirectly, create, incur, assume or permit to exist any Lien on or
with respect to any property or asset of the Company or any Subsidiary, whether
now owned or hereafter acquired, or any income or profits therefrom or rights
in respect thereof, except:

(a)                                  Customary Permitted Liens;

(b)                                  Liens on cash collateral in favor of the Administrative
Agent pursuant to Sections 3.01(c) and 3.08;

(c)                                  Existing Liens;

(d)                                  any attachment or judgment Lien not otherwise
constituting an Event of Default in existence less than sixty (60) days
after the entry thereof or with respect to which (i) execution has been
stayed, (ii) payment is covered in full by insurance, or (iii) the
Company or its Subsidiary shall in good faith be prosecuting an appeal or
proceedings for review and shall have set aside on its books such reserves as
may be required by GAAP with respect to such judgment or award;

(e)                                  Liens existing on property or assets of any Person at
the time such Person becomes a Subsidiary or such property or assets are
acquired, but only, in any such case, (i) if such Lien was not created in
contemplation of such Person becoming a Subsidiary or such property or assets
being acquired, and (ii) so long as such Lien does not encumber any assets
other than the property subject to such Lien at the time such Person becomes a
Subsidiary or such property or assets are acquired;

(f)                                    Liens on assets securing Indebtedness permitted to be
incurred or assumed pursuant to Section 8.02(e), including any
interest or title of a lessor under any Capitalized

 75
 

Lease, provided that any such Lien does not encumber
any property other than assets constructed or acquired with the proceeds of
such Indebtedness;

(g)                                 leases or subleases granted in the ordinary course of
business to others not interfering in any material respect with the business of
the Company and its Subsidiaries taken as a whole;

(h)                                 any Lien constituting a renewal, extension or
replacement of any Existing Lien or any Lien permitted by clauses (f)
or (g) of this Section 8.01, but only, in the case of each
such renewal, extension or replacement Lien, to the extent that the principal
amount of Indebtedness secured thereby does not exceed the principal amount of
such Indebtedness so secured unless such excess is permitted by Section 8.02
to be incurred and by this Section 8.01 to be secured by such Lien
at the time of the extension, renewal or replacement, the maturity thereof is
not shortened and such Lien is limited to all or a part of the property subject
to the Lien extended, renewed or replaced;

(i)                                    other Liens incidental to the conduct of the business
or the ownership of the property of the Company or a Subsidiary which were not
incurred in connection with borrowed money and which do not in the aggregate
materially detract from the value of the property or materially impair the use
thereof in the operation of the business and which, in any event, do not secure
obligations aggregating in excess of $20,000,000; and

(j)                                    to the extent the negative pledge clauses contained in
the Private Shelf Agreements as defined in the Master Guaranty and
Intercreditor Agreement constitute Liens;

provided
that if, notwithstanding this Section 8.01, any Lien which this Section 8.01
proscribes shall be created or arise without the prior written consent of the
Lenders (including with respect to this proviso), the Obligations shall be secured
by such Lien equally and ratably with the other Indebtedness secured thereby
and the Company will take or cause to be taken all such action as may be
requested by the Administrative Agent or the Majority Lenders to confirm and
protect such Lien in favor of the Lenders; provided, further,
however, that notwithstanding such equal and ratable securing, the existence of
such Lien shall constitute a default by the Company in the performance or
observance of this Section 8.01.

8.02                        Indebtedness. 
The Company shall not, and shall not permit any of its Subsidiaries to,
directly or indirectly, create, incur, assume, guarantee, or otherwise become,
or remain liable with respect to any Indebtedness, except:

(a)                                  the Obligations;

(b)                                  Indebtedness of the Subsidiaries incurred under the
Loan Documents;

(c)                                  Subordinated Debt;

(d)                                  Existing Indebtedness listed on Schedule 8.02
other than Indebtedness relating to financial letters of credit;

 76
 

(e)                                  purchase money Indebtedness, provided that such
Indebtedness (i) if incurred in connection with a Capitalized Lease
Obligation does not in the aggregate exceed $20,000,000 at any time,
(ii) if incurred in connection with the purchase of real estate does not
in the aggregate exceed $20,000,000 at any time, (iii) does not exceed the
cost to the Company or its Subsidiary of the assets constructed or acquired
with the proceeds of such Indebtedness and (iv) is incurred within twelve
(12) months following the date of the completion or acquisition of the asset so
constructed or acquired;

(f)                                    Contingent Obligations with respect to performance,
bid, advance payment and other similar obligations (which may be in the form of
guarantees or letters of credit issued outside of this Agreement to the extent
the aggregate outstanding amount of such guarantees and letters of credit
issued outside this Agreement do not exceed $45,000,000 at any time), provided
that such Indebtedness (i) is incurred to support contracts or bids in the
ordinary course of business, (ii) remains contingent and (iii) is unsecured
(other than banker’s liens, set-off rights or similar liens);

(g)                                 Contingent Obligations with respect to unsecured
(other than banker’s liens, set-off rights or similar liens) financial letters
of credit issued outside of this Agreement in an aggregate outstanding amount
not exceeding $20,000,000 at any time;

(h)                                 Indebtedness incurred in the ordinary course of
business with respect to equipment leases or purchases, operating expenses and
real property leases necessary for the performance of Joint Venture projects;
provided that such Indebtedness is unsecured (except to the extent permitted
under Section 8.01);

(i)                                    Intercompany Indebtedness of a Subsidiary to the
Company or a Wholly-Owned Subsidiary which is Subordinated Debt, to the extent
permitted by Section 8.04(c) and (d);

(j)                                    other unsecured Indebtedness owing offshore by
Subsidiaries or Affiliates of the Company exclusively for the purpose of short
term working capital requirements or managing foreign currency risk and tax
liabilities consistent with existing business practices not in excess of
$50,000,000 at any time outstanding;

(k)                                Contingent Obligations with respect to Swap Contracts
in connection (i) with bona fide hedging operations against interest rates
on funded Indebtedness of the Company and its Subsidiaries in an aggregate
notional amount not exceeding such funded Indebtedness at any time outstanding
(less the amount of any such Existing Indebtedness then outstanding), and
(ii) with the conduct of its business; provided that in each case such
Indebtedness (A) is incurred in the ordinary course of business,
(B) is unsecured and (C) remains contingent;

(l)                                    Contingent Obligations incurred by the Company or any
Subsidiary with respect to Indebtedness payable by other Subsidiaries which is
permitted to be incurred by such other Subsidiary under this Section 8.02;

(m)                              Contingent Obligations incurred by the Company or any
Subsidiary with respect to Indebtedness for borrowed money of Joint Ventures
which are not included in the consolidated financial statements of the Company
under GAAP, provided that (i) such Indebtedness and such Contingent
Obligations are incurred in the ordinary course of business,

 77
 

(ii) such Indebtedness is fully secured by assets
not reflected on the consolidated balance sheet of the Company, (iii) such
Contingent Obligations do not in the aggregate exceed $50,000,000 at any time
outstanding (less the amount of any such Existing Indebtedness then
outstanding), (iv) the Contingent Obligations with respect to Indebtedness
of any Joint Venture shall be several, and not joint and several, obligations
and shall apply only to a portion of such Indebtedness not exceeding a portion
based on the percentage interest of the Company or such Subsidiary in the
equity of such Joint Venture (or if the Contingent Obligations with respect to
such Indebtedness shall be joint and several, all such Indebtedness shall be
included as Contingent Obligations in clause (iii) above), and (v) such
Contingent Obligations remain contingent;

(n)                                 Contingent Obligations with respect to indemnity
obligations pursuant to provisions of the Employee Benefit Plans of the Company
or its Subsidiaries and the Plan, provided that such Indebtedness (i) is
incurred in the ordinary course of business and (ii) remains contingent;

(o)                                  Indebtedness and Contingent Obligations incurred
outside this Agreement (including guarantees and letters of credit issued in
excess of the dollar limits set forth in clauses (f) and (g)
above), not exceeding the greater of $105,000,000 or 20% of the Company’s
Consolidated Net Worth in the aggregate at any time;

(p)                                  Indebtedness consisting of notes for the purchase of
employees’ or retirees’ stock in accordance with existing business practice;

(q)                                  Indebtedness incurred to refinance Indebtedness described
in clauses (d), (e), (f), (g) and (j) above or (r) below; provided,
however, that (i) the unpaid balance is not increased (except if
the incurrence of any amount of excess thereof would otherwise then be
permitted by the terms of this Agreement) and (ii) if such refinanced
Indebtedness is repaid prior to the scheduled maturity thereof, such
refinancing Indebtedness shall (A) not mature or be required to be repaid,
purchased or otherwise retired earlier than the corresponding portion of the
Indebtedness being prepaid or (B) not result in a Default or an Event of
Default; and

(r)                                  unsecured Indebtedness incurred pursuant to the
Foreign Subsidiary Credit Agreement by foreign Subsidiaries or Affiliates of
the Company pursuant to Section 965 of the Code (in connection with the Jobs
Creation Act of 2004) to facilitate the repatriation of funds to the Company, provided
that (i) the aggregate original principal amount of such Indebtedness does
not exceed $65,000,000, (ii) such Indebtedness is incurred no later than
September 30, 2006, and (iii) such Indebtedness is repaid no later than
September 30, 2011.

8.03                        Restricted Payments. 
The Company shall not declare, pay or make, or agree to declare, pay or
make, any Restricted Payment, except

(a)                                  [intentionally omitted];

(b)                                  dividends or distributions in respect of a class of
the Company’s Capital Stock payable in the same class of the Company’s Capital
Stock;

 78
 

(c)                                  issuances of Capital Stock upon the exercise of any
warrants, options or rights to acquire such Capital Stock;

(d)                                  provided that no Default or Event of Default exists
under Section 9.01(a), (f) or (g) or would result
therefrom, repurchases of Capital Stock pursuant to the terms of Section 6.10
of the Company’s Bylaws, the Plans and the Company’s Stock Purchase Plan, all
as in effect from time to time;

(e)                                  provided that no Default or Event of Default exists
under Section 9.01(a), (f) or (g) or would result
therefrom, distributions or accumulations of payment-in-kind dividends on any
series or class of Capital Stock;

(f)                                    provided that no Default or Event of Default exists
under Section 9.01(a), (f) or (g) or would result
therefrom, and provided that the net proceeds to the Company from an IPO are at
least $50,000,000, repurchases of any employee-held or retiree-held Capital
Stock of the Company not exceeding one-third of the net proceeds of such
offering; and

(g)                                 provided that no Default or Event of Default exists
under Section 9.01(a), (f) or (g) or would result
therefrom and the Leverage Ratio (calculated on a pro-forma basis giving effect
to any such Restricted Payments) is less than 2.50 to 1.00, redemptions,
purchases, repurchases or other payments made to retire or obtain the surrender
of Preferred Stock or Permitted Chinese Stock; and

(h)                                 provided that no Default or Event of Default exists
under Section 9.01(a), (f) or (g) or would result
therefrom, pay cash dividends in respect of Permitted Chinese Stock.

8.04                        Investments.  The Company shall not, and shall not permit
any of its Subsidiaries to, make or own any Investment in any Person, except:

(a)                                  Permitted Investments, provided that
Investments of the type described in clause (d) of the definition of
Permitted Investments that are made outside of the United States shall not
exceed $50,000,000 in the aggregate at any time;

(b)                                  any Investment existing on the Amendment Effective
Date in any of the Subsidiaries or in any of the Joint Ventures identified on Schedule 6.01;

(c)                                  Investments by any Subsidiary in the Company or in any
Wholly-Owned Subsidiary;

(d)                                  Investments by the Company or a Wholly-Owned
Subsidiary in any Wholly-Owned Subsidiary;

(e)                                  trade credit extended on usual and customary terms in
the ordinary course of business;

(f)                                    advances to employees for moving, relocation and
travel expenses, drawing accounts and similar expenditures in the ordinary
course of business;

 79
 

(g)                                 Investments in the ordinary course of business by the
Company or any of its Subsidiaries in contract Joint Ventures for the purpose
of performing projects with other companies; provided that if such Joint
Ventures are not structured so that neither the Company nor any Significant
Subsidiary shall be responsible for the acts or omissions of other companies
except to the extent covered by insurance or limited to Indebtedness for expenses
permitted by Section 8.02(g), the Company shall have determined
that such structure would not individually or in the aggregate with other
similarly structured Joint Venture have a Material Adverse Effect;

(h)                                 [Reserved;] and

(i)                                    other Investments not otherwise permitted
above; provided, however, that:

(A)                              the aggregate consideration consisting of
cash and assumed debt paid by the Company and its Subsidiaries for such
Investments in any Fiscal Year shall not exceed $150,000,000.

(B)                                the cash and assumed debt portion of the
aggregate consideration paid by the Company and its Subsidiaries for any such
single Investment shall not exceed $100,000,000;

(C)                                if the cash and assumed debt portion of
the aggregate consideration paid by the Company and its Subsidiaries for any
such single Investment exceeds $25,000,000, the Company shall, prior to
completing such Investment, submit to the Administrative Agent for distribution
to the Lenders, a certificate demonstrating compliance with Section 8.05
on a pro forma basis after giving effect to such Investment;

(D)                               each such Investment shall be subject to Section 7.09
and

(E)                                 no such Investment in any Person shall be
opposed by the board of directors of such Person.

8.05                        Financial
Covenants.

(a)                                  Leverage Ratio. 
The Company shall not permit the Leverage Ratio to be greater than
(i) 3.00 to 1.00 as of the end of the first Fiscal Quarter of each Fiscal
Year or (ii) 2.75 to 1.00 as of the end of each other Fiscal Quarter.

(b)                                  Minimum Consolidated Net Worth.

(1)                                  Initial Covenant Level. 
The Company shall not permit, at the end of any Fiscal Quarter,
Consolidated Net Worth to be less than the sum of (i) 85% of the
Consolidated Net Worth reported on the audited financial statements for the Fiscal
Year of the Company ended September 30, 2003, plus (ii) 50% of
Consolidated Net Income for each Fiscal Quarter, commencing with the Fiscal
Quarter ending December 31, 2003, in which the Company has positive
Consolidated Net Income; plus (iii) 75% of the net difference
between (A) the aggregate net cash proceeds received by the Company from
an IPO minus (B) the aggregate consideration paid by the Company
for the repurchase of any shares of the Company’s Capital Stock, including any
shares of Preferred Stock other

 80
 

than Permitted Chinese Stock, using the net cash
proceeds from such IPO, plus (iv) 100% of the aggregate net
proceeds received by the Company from the sale of any other equity securities
of the Company (except for (a) equity securities issued to replace,
redeem, or purchase existing equity securities and (b) Permitted Chinese
Stock), plus (v) an amount equal to (A) 100% of the principal
contributions accrued for stock match programs for employees, consultants and
Directors for purchases of the Company’s Capital Stock included in the determination
of Consolidated Net Income for each Fiscal Quarter, commencing with the Fiscal
Quarter ending December 31, 2003, less (B) the amount of
negative Consolidated Net Income for each Fiscal Quarter commencing with the
Fiscal Quarter ending December 31, 2003, in which the Company has negative
Consolidated Net Income (provided, however, that the amount
determined by this clause (v) shall not be less than zero); plus
(vi) 100% of any increase in the Consolidated Net Worth of the Company as
a result of the acquisition (by merger or otherwise) of a Person other than a
Wholly Owned Subsidiary; plus (vii) 100% of the net change in
Consolidated Net Worth as a result of (A) the sale of the Company’s
Capital Stock to employees, consultants and Directors, minus
(B) the repurchase or redemption of any shares of the Company’s Capital
Stock from former employees, consultants and Directors of the Company; minus
(viii) a one-time charge of up to $10,000,000 for the impairment of
goodwill related to the write-down in value of The McClier Corporation; minus
(ix) a one-time, non-cash charge in accordance with GAAP for any adjustment of
accruals for defined benefit pension plans from accumulated benefit obligations
to projected benefit obligations in an amount not to exceed the lesser of
(a) the actual amount of such adjustment or (b) $50,000,000.  For the purpose of determining the Company’s
compliance with the foregoing minimum Consolidated Net Worth covenant,
notwithstanding any contrary treatment under GAAP, all Preferred Stock shall be
treated as equity of the Company.

(c)                                  Fixed Charge Coverage Ratio. 
The Company shall not permit, on the last day of any Fiscal Quarter, the
Fixed Charge Coverage Ratio to be less than the correlative amount set forth
below:

	
  

  Fiscal Quarter Ending

  	
   

  	
  Minimum Fixed Charge

  Coverage Ratio

  
	
  June 30, 2006

  	
   

  	
  1.10 to 1.00

  
	
  September 30,
  2006

  	
   

  	
  1.10 to 1.00

  
	
  December 31,
  2006

  	
   

  	
  1.10 to 1.00

  
	
  March 31, 2007

  	
   

  	
  1.10 to 1.00

  
	
  June 30, 2007
  and as of the last day of each Fiscal Quarter ending thereafter

  	
   

  	
  1.25 to 1.00

  

 

8.06                        Restriction on Fundamental
Changes.  Unless permitted by Section 8.07,
the Company shall not, and shall not permit any of its Wholly-Owned
Subsidiaries to, enter into any merger, consolidation, reorganization or recapitalization,
reclassification of its Capital Stock which causes the maturity date of such
Capital Stock (if any) to be earlier than 3 years after the date of such
reclassification, liquidate, wind up or dissolve or sell, lease, transfer or
otherwise

 81
 

dispose
of, in one transaction or a series of transactions, all or substantially all of
its or their business or assets, whether now owned or hereafter acquired, except
that, as long as no Default or Event of Default shall exist after giving effect
thereto, any Wholly-Owned Subsidiary may be merged or consolidated into the
Company, a Subsidiary Borrower or any other Significant Subsidiary or be
liquidated, wound up or dissolved, or all or substantially all of its business
or assets may be sold, leased, transferred, or otherwise disposed of, in one
transaction or a series of transactions, to the Company, a Subsidiary Borrower
or any other Significant Subsidiary; provided that neither the Company
nor any Significant Subsidiary may be involved in any such transaction unless
the Company, a Subsidiary Borrower, or a Significant Subsidiary, as the case
may be, is the surviving or acquiring corporation and the net worth of the
Company, such Subsidiary Borrower or a Significant Subsidiary, as the case may
be, is unchanged or higher after giving effect to such merger or other
transaction.

8.07                        Asset
Dispositions.

(a)                                  The Company shall not, and shall not permit any of its
Subsidiaries to, make any Asset Disposition, including any Sale-Leaseback
Transaction, unless either:

(i)                                     the Board of Directors of the Company has
reasonably determined in good faith that the terms of the transaction are fair
and reasonable to the Company or such Subsidiary, as the case may be; and
within one year after the Asset Disposition the Company or such Subsidiary
shall have used any Net Cash Proceeds to (A) replace the properties or
assets that were the subject of the Asset Disposition, (B) acquire
properties or assets in the businesses of the Company and its Subsidiaries on
the date of this Agreement or (C) repay all or part of any Indebtedness
covered by the Master Guaranty and Intercreditor Agreement; or

(ii)                                  the aggregate assets disposed of by the
Company and its Subsidiaries in any 12-month period during the term of this
Agreement shall not have a value exceeding 10% of the Company’s Consolidated
Net Worth; and the aggregate assets disposed of by the Company and its
Subsidiaries on a cumulative basis during the term of this Agreement shall not
have a value exceeding 30% of the Company’s Consolidated Net Worth.

(b)                                  the Company in any event will not, and will not permit
any of its Subsidiaries to, directly or indirectly, sell with recourse,
discount (except in the ordinary course of business consistent with past
practice to compromise disputes with customers), or otherwise sell for less
than the face value thereof or for consideration other than cash, any of their
respective accounts receivable.

8.08                        Transactions with Affiliates. 
The Company shall not, and shall not permit any of its Subsidiaries to,
directly or indirectly, enter into any transaction (including the purchase,
sale, lease, or exchange of any property or the rendering of any service) with
any Affiliate of the Company which is not a Subsidiary, unless (i) such
transaction is not otherwise prohibited by this Agreement, (ii) such
transaction is in the ordinary course of business, and (iii) if such
transaction is other than with a Subsidiary, such transaction is on fair and
reasonable terms no less favorable to the Company or its Subsidiary, as the
case may be, than those terms which

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might
be obtained at the time in a comparable arm’s length transaction with a Person
who is not an Affiliate or, if such transaction is not one which by its nature
could be obtained from such other Person, is on fair and reasonable terms and
was negotiated in good faith; provided that this Section 8.08
shall not restrict (A) payments otherwise allowed under this Agreement and
other transfers on account of any shares of Capital Stock of the Company or any
Subsidiary, (B) any payments pursuant to the terms of the Certificate of
Incorporation or Bylaws of the Company, or to any of the Company’s Employee
Benefit Plans or the Plans or (C) the rights, privileges and preferences
granted to the holders of Preferred Stock arising under the related certificate
of designation, investor rights agreement and regulatory side letter, each
either substantially in the forms attached hereto as Schedule 8.08 or otherwise
in form and substance reasonably satisfactory to the Administrative Agent.

8.09                        Restrictive Agreements. 
Except pursuant to the Foreign Subsidiary Credit Agreement, the Company
shall not, and shall not permit any Subsidiaries to, enter into any contractual
obligation which restricts or limits the ability of such Subsidiary to
(a) pay dividends or make any distribution on its Capital Stock,
(b) pay Indebtedness owed the Company or any Subsidiary, (c) make any
loans or advances to the Company or (d) except as provided in contractual
obligations respecting the specific assets subject to Permitted Liens, transfer
any of its property to the Company.

8.10                        Amendments of Bylaws. 
The Company shall not amend its Bylaws or amend or modify the terms of
its Capital Stock in any respect which accelerates the payment obligations of
the Company to a date earlier than 3 years after the date of such amendment
without in each case obtaining the prior written consent of the Majority
Lenders (which consent shall not be unreasonably withheld).

8.11                        Change in Business. 
The Company shall not, and shall not permit any of its Subsidiaries to,
engage in any material line of business substantially different from those
lines of business carried on by the Company and its Subsidiaries on the date
hereof, without in each case obtaining the prior written consent of the
Majority Lenders (which consent shall not be unreasonably withheld).

8.12                        Accounting Changes. 
The Company shall not, and shall not suffer or permit any of its
Subsidiaries to, make any significant change in accounting treatment or reporting
practices, except as required by GAAP, or change the fiscal year of the Company
or of any of its consolidated Subsidiaries.

8.13                        Contributions to the Plans. 
Except for the Company’s Capital Stock contributed by the Company to the
Plans as contributions, the Company shall not make any contributions to the
Plans other than in cash.

8.14                        Right to Terminate
Post-Retirement Benefits  Except as otherwise required by
Applicable Law, if a plan provides post-retirement life insurance, medical or
other health related benefits (such as vision or dental) to more than 2,000
former or current employees of the Company or any of its current domestic ERISA
Affiliates, the applicable plan documents relating to such benefits will
clearly and expressly allow for, and neither the Company nor any of its current
domestic ERISA Affiliates will issue any written communication or enter into
any

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written
or oral agreement that it is reasonably possible would any way prohibit, the
right of the Company and its current domestic ERISA Affiliates to reduce,
terminate or amend such benefits in such plan.

SECTION
9.  EVENTS
OF DEFAULT

9.01                        Events of Default. 
The occurrence of any one or more of the following events, acts or
occurrences shall constitute an event of default (an “Event of Default”)
hereunder:

(a)                                  Failure to Make Payments. 
Any Borrower (i) shall fail to pay when due any principal (whether
at stated maturity, upon acceleration, by notice of or other requirement of
prepayment, by operation of Section 2.06 or otherwise) of any Loan
(including with respect to any Letter of Credit) or (ii) shall fail to pay
interest on any Loan or any fees payable hereunder within three (3) Business
Days of the date when due or (iii) shall fail to pay any costs, expenses
or other amounts payable hereunder or under any Notes or any other Loan
Documents within ten (10) Business Days after the Administrative Agent notifies
the Company that such amount has become due;

(b)                                  Default in Other Agreements. 
The Company or any of its Subsidiaries (i) fails to make any
payment in respect of any Indebtedness or Contingent Obligation having an
aggregate principal amount (including undrawn, committed or available amounts
and including amounts owing to all creditors under any combined or syndicated
credit arrangement) of more than 2% of the Company’s Consolidated Net Worth
when due (whether by scheduled maturity, required prepayment, acceleration,
demand, or otherwise) and such failure continues after the applicable grace or
notice period, if any, specified in the document relating thereto on the date
of such failure; or (ii) fails to perform or observe any other condition
or covenant, or any other event shall occur or condition exist, under any
agreement or instrument relating to any such Indebtedness or Contingent
Obligation of more than 2% of the Company’s Consolidated Net Worth, and such
failure continues after the applicable grace or notice period, if any,
specified in the document relating thereto on the date of such failure if the
effect of such failure, event or condition is to cause, or to permit the holder
or holders of such Indebtedness or beneficiary or beneficiaries of such
Indebtedness (or a trustee or Administrative Agent on behalf of such holder or
holders or beneficiary or beneficiaries) to cause such Indebtedness to be
declared to be due and payable prior to its stated maturity, or such Contingent
Obligation to become payable or cash collateral in respect thereof to be
demanded;

(c)                                  Breach of Certain Covenants. 
Any Borrower shall fail to perform, comply with or observe any
agreement, covenant or obligation to be performed, observed or complied with by
it pursuant to Section 7.01, Section 7.05 (insofar as
such Section requires the preservation of the corporate existence of any
Borrower), Section 7.06, Section 7.11 or Section 8
(other than Section 8.10);

(d)                                  Breach of Warranty. 
Any representation or warranty or certification made or furnished by the
Company, any of its Subsidiaries under this Agreement, the other Loan Documents
or any agreement, instrument or document contemplated hereby and thereby shall,
prove to have been false or incorrect in any material respect when made;

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(e)                                  Other Defaults Under Agreement
and Other Loan Documents.  The Company or any Subsidiary
shall fail to perform, comply with or observe any covenant or obligation to be
performed, observed or complied with by it under this Agreement (other than
those provisions referred to in Sections 9.0 1(a) and (c)
above) or the other Loan Documents and such failure shall not have been remedied
or waived within thirty (30) days after notice thereof by the Administrative
Agent;

(f)                                    Involuntary Bankruptcy;
Appointment of Receiver, Etc. There shall be commenced against the Company, any
Subsidiary Borrower or any Significant Subsidiary or an involuntary case
seeking the liquidation or reorganization of the Company, any Subsidiary
Borrower or any Significant Subsidiary under Chapter 7 or Chapter 11
of the Bankruptcy Code or any similar proceeding under any other Applicable Law
or an involuntary case or proceeding seeking the appointment of a receiver,
liquidator, sequestrator, custodian, trustee or other officer having similar
powers of the Company, any Subsidiary Borrower or any Significant Subsidiary to
take possession of all or a substantial portion of the property or to operate
all or a substantial portion of the business of the Company, any Subsidiary
Borrower or any Significant Subsidiaries and any of the following events occur:
(i) the Company or any of its Subsidiaries consents to the institution of
the involuntary case or proceeding; (ii) the petition commencing the
involuntary case or proceeding is not timely controverted; (iii) the
petition commencing the involuntary case or proceeding remains undismissed and
unstayed for a period of sixty (60) days (provided, however,
that, during the pendency of such period, the Lenders shall be relieved of
their Commitments); or (iv) an order for relief shall have been issued or
entered therein;

(g)                                 Voluntary Bankruptcy; Appointment
of Receiver, Etc.  The Company, any Subsidiary Borrower or any
Significant Subsidiary shall institute a voluntary case seeking liquidation or
reorganization under Chapter 7 or Chapter 11 of the Bankruptcy Code;
or the Company or any Significant Subsidiary shall file a petition, answer, or
complaint or shall otherwise institute any similar proceeding under any other
Applicable Law, or shall consent thereto; or the Company, any Subsidiary
Borrower or any Significant Subsidiary shall consent to the conversion of an
involuntary case to a voluntary case; or the Company, any Subsidiary Borrower
or any Significant Subsidiary shall file a petition, answer a complaint or
otherwise institute any proceeding seeking, or shall consent or acquiesce to
the appointment of, a receiver, liquidator, sequestrator, custodian, trustee or
other officer with similar powers to take possession of all or a substantial
portion of the property or to operate all or a substantial portion of the
business of the Company, any Subsidiary Borrower or any Significant Subsidiary;
or the Company, any Subsidiary Borrower or any Significant Subsidiary shall
make a general assignment for the benefit of creditors; or the Company, any
Subsidiary Borrower, or any Significant Subsidiary shall generally not pay its
debts as they become due; or the Board of Directors of the Company, any
Subsidiary Borrower or any Significant Subsidiary (or any committee thereof)
adopts any resolution or otherwise authorizes action to approve any of the
foregoing;

(h)                                 Judgments and Attachments.  The Company or any of its Subsidiaries shall
suffer any money judgments, writs, or warrants of attachment, or similar
processes, which individually or in the aggregate involve an amount in excess
of 3% of the Company’s Consolidated Net Worth and shall not discharge, vacate,
bond, or stay the same within a period of 45 days unless the amount of
such judgments, writs, warrants or attachments are fully covered

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by insurance (provided that any deductible in excess of 3% of the
Company’s Consolidated Net Worth is supported by a bond or letter of credit in
at least the amount by which such deductible exceeds 3% of the Company’s
Consolidated Net Worth and the insured has in writing accepted liability
therefor; or a judgment creditor shall obtain possession of any material
portion of the assets of the Company or any of its Subsidiaries by any means,
including, without limitation, levy, distraint, replevin or self-help;

(i)                                    ERISA Liabilities. 
(i) There shall occur one or more ERISA Events which individually
or in the aggregate results in or might reasonably be expected to result in
liability of the Company or any of its ERISA Affiliates in excess of 3% of the
Company’s Consolidated Net Worth during the term of this Agreement;
(ii) the footnotes in the Company’s annual financial statements fail to
disclose all unfunded benefit liabilities (determined in accordance with GAAP),
or (iii) the aggregate Unfunded Pension Liability among all Pension Plans
exceeds the aggregate Unfunded Pension Liability among all Pension Plans as of
September 30, 2003 by more than 3% of the Company’s Consolidated Net
Worth;

(j)                                    Failure of Subordination. 
Any agreement to subordinate other Indebtedness in an aggregate amount
in excess of $1,000,000 in right of payment to the Obligations, at any time and
for any reason other than satisfaction in full of all of the Obligations or
satisfaction in full of such Subordinated Debt upon the originally stated
maturity thereof, ceases to be in full force and effect in any material respect
or is declared to be null and void;

(k)                                Termination of Master Guaranty
and Intercreditor Agreement.  The Master
Guaranty and Intercreditor Agreement, or any material provision therein, shall
cease to be in full force and effect for any reason; or the Company or any of
the Guarantors shall contest or purport to repudiate or disavow the Master
Guaranty and Intercreditor Agreement;

(l)                                    Guarantor Defaults. 
Any Guarantor shall fail in any material respect to perform or observe
any term, covenant or agreement in the Master Guaranty, and Intercreditor
Agreement; or the Master Guaranty and Intercreditor Agreement shall for any
reason be partially (including with respect to future advances) or wholly
revoked or invalidated, or otherwise cease to be in full force and effect, or
any Guarantor or any other Person shall contest in any manner the validity or
enforceability thereof or deny that it has any further liability or obligation
thereunder; or

(m)                              Change in Ownership. 
(i)  Prior to an IPO, any change in the beneficial ownership of
the Company shall occur such that the employees of the Company and its
Subsidiaries collectively cease to have beneficial ownership or control,
whether directly or indirectly through the Plans (including any replacement or
successor plans) and the trustee (including any successor trustee) who votes
the Company’s Class B Stock and Class C Stock, of at least 51% of the
aggregate of the voting stock of the Company.

(ii)                                  After an IPO, an event or series of
events by which:

(A)                              any “person” or “group” (as such terms are used in
Sections 13(d) and 14(d) of the Exchange Act), but excluding:

 86

(1)                                  any employee stock ownership plan or
arrangement of the Company or its Subsidiaries,

(2)                                  any current or former employee who owns
Common Stock or option rights (as such term is defined below),

(3)                                  any Person that holds Common Stock on
behalf of employees or former employees of the Company and its Subsidiaries,

(4)                                  any Employee Benefit Plan of the Company
or its Subsidiaries,

(5)                                  any Person acting in its capacity as
trustee, agent or other fiduciary or administrator of any such plan, and

(6)                                  any other Person who acquired Preferred
Stock prior to the date of the IPO, or any Affiliate of such Person, provided
that at all times after the IPO such Person and its Affiliates collectively own
no more than 35% of the voting equity securities of the Company,

becomes the “beneficial owner” (as defined in Rules 13d-3 and 13d-5, under the
Exchange Act, except that a person or group shall be deemed to have “beneficial
ownership” of all securities that such person or group has the right to acquire
(such right, an “option right”), whether such right is exercisable
immediately or only after the passage of time), directly or indirectly, of
25% or more of the equity securities of the Company entitled to vote for
members of the board of directors or equivalent governing body of the Company
on a partially-diluted basis (i.e, taking into account all such
securities that such person or group has the right to acquire pursuant to any
option right); or

(B)                                during any period of 12 consecutive
months, a majority of the members of the board of directors or other equivalent
governing body of the Company cease to be composed of individuals (A) who
were members of that board or equivalent governing body on the first day of
such period, (B) whose election or nomination to that board or equivalent
governing body was approved by individuals referred to in clause (A) above
constituting at the time of such election or nomination at least a majority of
that board or equivalent governing body or (C) whose election or
nomination to that board or other equivalent governing body was approved by
individuals referred to in clauses (A) and (B) above constituting at the
time of such election or nomination at least a majority of that board or
equivalent governing body;

For
the avoidance of doubt, an IPO shall not be deemed to cause a breach of this Section 9.01(m),
irrespective of its impact on the beneficial ownership of the voting equity
securities of the Company.

9.02                        Remedies. 
Upon the occurrence of an Event of Default:

(a)                                  If an Event of Default occurs under Section 9.01(f)
or (g), then the Commitments shall automatically and immediately
terminate and the obligation of the Lenders to make any Loan or issue any
Letter of Credit hereunder shall cease, and the unpaid principal amount of and

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any accrued interest on all of the Loans shall
automatically become immediately due and payable, without presentment, demand,
protest, notice or other requirements of any kind, all of which are hereby
expressly waived by the Borrowers.

(b)                                  If an Event of Default occurs under Section 9.01,
other than under Section 9.01(f) or (g), the Administrative
Agent upon request of the Majority Lenders shall, by written notice to the
Borrowers, declare that the Commitments are terminated, whereupon the
obligation of the Lenders to make any Loan or issue any Letter of Credit
hereunder shall cease, and/or declare the unpaid principal amount of the Loans
to be, and the same shall thereupon become, due and payable together with any
and all accrued interest thereon, without presentment, demand, protest, any
additional notice whatsoever or other requirements of any kind, all of which
are hereby expressly waived by the Borrowers.

(c)                                  If an Event of Default occurs under Section 9.01(f)
or (g) or if any other Event of Default occurs and the Administrative
Agent declares the Loans due and payable, the Borrowers shall be immediately
obligated, without demand upon or notice to the Borrowers, all of which are
hereby waived by the Borrowers, to pay immediately to the Administrative Agent,
an amount of cash equal to the maximum aggregate amount that is or at any time
thereafter may become available for drawing under any outstanding Letters of
Credit (whether or not any beneficiary shall have presented, or shall be
entitled at such time to present, the drafts or other documents required to
draw under such Letters of Credit).  Any
amounts so received shall be deposited in an interest bearing account
maintained by the Administrative Agent as collateral security (“Cash
Collateral Cover”) for the payment and repayment of all Obligations.  At any time after any such Obligations shall
be due and payable (whether by drawing on a Letter of Credit or otherwise) the
Cash Collateral Cover may be applied in whole or in part by the Administrative
Agent against or on account of all or any part of the Obligations which have
become so due and payable.  Interest
earned on this account, to the extent such interest is not required for, or
applied to, the payment or repayment of the Obligations, shall be paid to the
Borrowers.

SECTION
10.  ADMINISTRATIVE
AGENT AND ISSUING LENDERS

10.01                 Appointment and
Authorization.

(a)                                  Each of the Lenders and each Issuing Lender hereby
irrevocably appoints, designates and authorizes the Administrative Agent to
take such action on its behalf under the provisions of this Agreement and each
other Loan Document and to exercise such powers and perform such duties as are
expressly delegated to it by the terms of this Agreement or any other Loan
Document, together with such powers as are reasonably incidental thereto.  Notwithstanding any provision to the contrary
contained elsewhere in this Agreement or in any other Loan Document, the
Administrative Agent shall not have any duties or responsibilities, except those
expressly set forth herein, nor shall the Administrative Agent have or be
deemed to have any fiduciary relationship with any Lender or any Issuing
Lender, and no implied covenants, functions, responsibilities, duties,
obligations or liabilities shall be read into this Agreement or any other Loan
Document or otherwise exist against the Administrative Agent.

(b)                                  Each Issuing Lender shall act on behalf of the Lenders
with respect to any Letters of Credit issued by it and the documents associated
therewith until such time and except for so

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long as the Administrative Agent may agree at the
request of the Majority Lenders to act for such Issuing Lender with respect
thereto; provided, however, that each Issuing Lender shall have
all of the benefits and immunities (i) provided to the Administrative Agent
in this Section 10 with respect to any acts taken or omissions
suffered by such Issuing Lender in connection with Letters of Credit Issued by
it or proposed to be Issued by it and the application and agreements for
letters of credit pertaining to the Letters of Credit as fully as if the term “the
Administrative Agent”, as used in this Section 10, included such
Issuing Lender with respect to such acts or omissions, and (ii) as
additionally provided in this Agreement with respect to such Issuing Lender.

10.02                 Delegation of Duties. 
The Administrative Agent may execute any of its duties under this
Agreement or any other Loan Document by or through agents, employees or
attorneys-in-fact and shall be entitled to advice of counsel concerning all matters
pertaining to such duties.  The
Administrative Agent shall not be responsible for the negligence or misconduct
of any the Administrative Agent or attorney-in-fact that it selects with
reasonable care.

10.03                 Liability of Administrative Agent
and Each Issuing Lender.  None of the Administrative
Agent-Related Persons shall (i) be liable for any action taken or omitted
to be taken by any of them under or in connection with this Agreement or any
other Loan Document (except for its own gross negligence or willful misconduct),
or (ii) be responsible in any manner to any of the Lenders for any
recital, statement, representation or warranty made by the Company or any
Subsidiary or Affiliate of the Company, or any official thereof, contained in
this Agreement or in any other Loan Document, or in any certificate, report,
statement or other document referred to or provided for in, or received by the
Administrative Agent under or in connection with, this Agreement or any other
Loan Document, or the validity, effectiveness, genuineness, enforceability or
sufficiency of this Agreement or any other Loan Document, or for any failure of
any Borrower Party to any Loan Document to perform its obligations hereunder or
thereunder.  No Administrative
Agent-Related Person shall be under any obligation to any Lender to ascertain
or to inquire as to the observance or performance of any of the agreements
contained in, or conditions of, this Agreement or any other Loan Document, or
to inspect the properties, books or records of the Company or any of the
Company’s Subsidiaries or Affiliates.

10.04                 Reliance by Administrative
Agent and the Issuing Lenders.

(a)                                  The Administrative Agent shall be entitled to rely,
and shall be fully protected in relying, upon any writing, resolution, notice,
consent, certificate, affidavit, letter, telegram, facsimile, telex or
telephone message, statement or other document or conversation believed by it
to be genuine and correct and to have been signed, sent or made by the proper
Person or Persons, and upon advice and statements of legal counsel (including
counsel to the Company), independent accountants and other experts selected by
the Administrative Agent.  The
Administrative Agent shall be fully justified in failing or refusing to take
any action under this Agreement or any other Loan Document unless it shall
first receive such advice or concurrence of the Lenders as it deems appropriate
and, if it so requests, it shall first be indemnified to its satisfaction by
the Lenders against any and all liability and expense which may be incurred by
it by reason of taking or continuing to take any such action.  The Administrative Agent shall in all cases
be fully protected in acting, or in refraining from acting, under this
Agreement or any other Loan Document in accordance with a request or consent of
the Lenders and such request and any action taken or failure to act pursuant
thereto shall be binding upon all of the Lenders.

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(b)                                  For purposes of determining compliance with the
conditions specified in Section 5.01, each Lender that has executed
this Agreement shall be deemed to have consented to, approved or accepted or to
be satisfied with each document or other matter either sent by the
Administrative Agent to such Lender for consent, approval, acceptance or
satisfaction, or required thereunder to be consented to or approved by or
acceptable or satisfactory to the Lender.

10.05                 Notice of Default. 
The Administrative Agent shall not be deemed to have knowledge or notice
of the occurrence of any Default or Event of Default, except with respect to
defaults in the payment of principal, interest and fees required to be paid to
the Administrative Agent for the account of the Lenders, unless the
Administrative Agent shall have received Requisite Notice from a Lender or the
Company referring to this Agreement, describing such Default or Event of
Default and stating that such notice is a “notice of default”.  In the event that the Administrative Agent
receives such a notice, the Administrative Agent shall give prompt notice
thereof to the Lenders.  The
Administrative Agent shall take such action with respect to such Default or
Event of Default as shall be requested by the Majority Lenders in accordance
with Section 9; provided, however, that unless and
until the Administrative Agent shall have received any such request, the
Administrative Agent may (but shall not be obligated to) take such action, or
refrain from taking such action, with respect to such Default or Event of
Default as it shall deem advisable or in the best interest of the Lenders.

10.06                 Credit Decision. 
Each Lender expressly acknowledges that none of the Administrative
Agent-Related Persons has made any representation or warranty to it and that no
act by the Administrative Agent hereinafter taken, including any review of the
affairs of the Company and its Subsidiaries shall be deemed to constitute any
representation or warranty by the Administrative Agent to any Lender.  Each Lender represents to the Administrative
Agent that it has, independently and without reliance upon the Administrative
Agent and based on such documents and information as it has deemed appropriate,
made its own appraisal of and investigation into the business, prospects,
operations, property, financial and other condition and creditworthiness of the
Company and its Subsidiaries, and all applicable bank regulatory laws relating
to the transactions contemplated thereby, and made its own decision to enter
into this Agreement and extend credit to the Borrowers hereunder.  Each Lender also represents that it will,
independently and without reliance upon the Administrative Agent and based on
such documents and information as it shall deem appropriate at the time,
continue to make its own credit analysis, appraisals and decisions in taking or
not taking action under this Agreement and the other Loan Documents, and to
make such investigations as it deems necessary to inform itself as to the
business, prospects, operations, property, financial and other condition and
creditworthiness of any Borrower Party. 
Except for notices, reports and other documents expressly herein
required to be furnished to the Lenders by the Administrative Agent, the
Administrative Agent shall not have any duty or responsibility to provide any
Lender with any credit or other information concerning the business, prospects,
operations, property, financial and other condition or creditworthiness of any
Borrower Party which may come into the possession of any of the Administrative
Agent-Related Persons.

10.07                 Indemnification. 
Whether or not the transactions contemplated hereby shall be
consummated, the Lenders shall indemnify upon demand the Administrative
Agent-Related Persons and the Issuing Lenders (to the extent not reimbursed by
or on behalf of any Borrower Party and without limiting the obligation of any
Borrower Party to do so), ratably from and

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against
any and all liabilities, obligations, losses, damages, penalties, actions,
judgments, suits, costs, expenses and disbursements of any kind whatsoever
which may at any time (including at any time following the termination of the
Letters of Credit and the repayment of the Loans and the termination or
resignation of the related Administrative Agent) be imposed on, incurred by or
asserted against any Person in any way relating to or arising out of this
Agreement or any document contemplated by or referred to herein or therein or
the transactions contemplated hereby or thereby or any action taken or omitted
by any such Person under or in connection with any of the foregoing; provided,
however, that no Lender shall be liable for the payment to the
Administrative Agent-Related Persons of any portion of such liabilities,
obligations, losses, damages, penalties, actions, judgments, suites, costs,
expenses or disbursements resulting from such Person’s gross negligence or
willful misconduct.  Without limitation
of the foregoing, each Lender shall reimburse the Administrative Agent upon
demand for its ratable share of any costs or out-of-pocket expenses (including Attorney
Costs) incurred by the Administrative Agent in connection with the preparation,
execution, delivery, administration, modification, amendment or enforcement
(whether through negotiations, legal proceedings or otherwise) of, or legal
advice in respect of rights or responsibilities under, this Agreement, any
other Loan Document, or any document contemplated by or referred to herein to
the extent that the Administrative Agent is not reimbursed for such expenses by
or on behalf of any Borrower Party.  Without
limiting the generality of the foregoing, if the Internal Revenue Service or
any other Governmental Authority, of the United States or other jurisdiction
asserts a claim that the Administrative Agency did not properly withhold tax
from amounts paid to or for the account of any Lender (because the appropriate
form was not delivered, was not properly executed, or because such Lender
failed to notify the Administrative Agent of a change in circumstances which
rendered the exemption from, or reduction of, withholding tax ineffective, or
for any other reason) such Lender shall indemnify the Administrative Agent
fully for all amount paid, directly or indirectly, by the Administrative Agent
as tax or otherwise, including penalties and interest, and including any taxes
imposed by any jurisdiction on the amounts payable to the Administrative Agent
under this Section, together with all costs and expenses (including Attorney
Costs).  The obligation of the Lenders in
this Section shall survive the payment of all Obligations hereunder.

10.08                 Administrative Agent in
Individual Capacity.  Union Bank and its Affiliates may make loans
to, issue letters of credit for the account of, accept deposits from, acquire
equity interests in and generally engage in any kind of banking, trust,
financial advisory or other business with the Company and its Subsidiaries and
Affiliates as though Union Bank were not the Administrative Agent or an Issuing
Lender hereunder and without notice to or consent of the Lenders.  With respect to its Loans and participation
in Letters of Credit, Union Bank shall have the same rights and powers under
this Agreement as any other Lender and may exercise the same as though it were
not the Administrative Agent or an Issuing Lender, and the terms “the Lender”
and “the Lenders” shall include Union Bank in its individual capacity.

10.09                 Successor Administrative Agent. 
The Administrative Agent may resign as Administrative Agent upon
30 days’ notice to the Lenders; provided that any such resignation by
Union Bank shall also constitute its resignation as Issuing Lender.  If the Administrative Agent resigns under
this Agreement, the Majority Lenders shall appoint from among the Lenders a
successor administrative agent for the Lenders which successor administrative
agent shall be consented to by the Company at all times other than during the
existence of an Event of Default (which consent of the Company shall not be
unreasonably withheld or delayed).  If no
successor

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administrative
agent is appointed prior to the effective date of the resignation of the
Administrative Agent, the Administrative Agent may appoint, after consulting
with the Lenders and the Company, a successor administrative agent from among
the Lenders.  Upon the acceptance of its
appointment as successor administrative agent hereunder, the Person acting as
such successor administrative agent shall succeed to all the rights, powers and
duties of the retiring Administrative Agent and Issuing Lender and the
respective terms “ Administrative Agent,” and “Issuing Lender” shall mean such
successor administrative agent and Letter of Credit issuer, and the retiring
Administrative Agent’s appointment, powers and duties as Administrative Agent
shall be terminated; the retiring Issuing Lender’s rights, powers and duties as
such shall be terminated, without any other or further act or deed on the part
of such retiring Issuing Lender or any other Lender, other than the obligation
of the successor Issuing Lender to issue letters of credit in substitution for
the Letters of Credit, if any, outstanding at the time of such succession.  After any retiring Administrative Agent’s
resignation hereunder as Administrative Agent, the provisions of this Section 10
and Sections 11.04 and 11.05 shall inure to its benefit as
to any actions taken or omitted to be taken by it while it was Administrative
Agent under this Agreement.  If no
successor administrative agent has accepted appointment as Administrative Agent
by the date which is 30 days following a retiring Administrative Agent’s
notice of resignation, the retiring Administrative Agent’s resignation shall
nevertheless thereupon become effective and the Lenders shall perform all of
the duties of the Administrative Agent hereunder until such time, if any, as
the Majority Lenders appoint a successor agent as provided for above.

10.10                 Arranger. 
No Person identified herein as the “Arranger” shall have any right,
power, obligation, liability, responsibility or duty under this Agreement to
any Lender.  Without limiting the
foregoing, no such Person shall have or be deemed to have any fiduciary
relationship with any Lender.  Each
Lender acknowledges that it has not relied, and will not rely, on any of the
Lenders so identified in deciding to enter into this Agreement or in taking or
not taking action hereunder.

SECTION
11.  MISCELLANEOUS

11.01                 Amendments and Waivers. 
No amendment or waiver of any provision of this Agreement or any other
Loan Document, and no consent with respect to any departure by any Borrower
Party therefrom, shall be effective unless the same shall be in writing and
signed by the Majority Lenders and the Borrowers and acknowledged by the
Administrative Agent, and then such waiver shall be effective only in the
specific instance and for the specific purpose for which given; provided,
however, that no such waiver, amendment, or consent shall, unless in
writing and signed by each of the Lenders directly affected thereby and the
Company, and acknowledged by the Administrative Agent, do any of the following:

(a)                                  increase or extend the Commitment of any Lender or
subject any Lender to any additional obligations, except as provided in Section 2.04A;

(b)                                  postpone or delay any date fixed for any payment of
principal, interest, fees or other amounts due to the Lenders (or any of them)
hereunder or under any Loan Documents; provided, that any Lender may
individually agree to a reduction in such Lender’s interest rate by separate
agreement with any Borrower, which reduction, expressed as a percentage of the

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interest rates that would otherwise be applicable
hereunder, shall be notified to the Administrative Agent in writing by such
Lender and such Borrower, and the Administrative Agent shall apply such
reduction to the interest due to such Lender until it receives written notice
from such Lender to the contrary;

(c)                                  reduce the principal of, or the rate of interest
specified herein for any Loan, or of any fees or other amounts payable
hereunder or under any Loan Document;

(d)                                  change the percentage of the Commitments or of the
aggregate unpaid principal amount of the Loans which shall be required for the
Lenders or any of them to take any action hereunder;

(e)                                  except as provided in Section 4.07, change
the Pro Rata Share of any Lender or change the right of any Lender to receive
its Pro Rata Share (or other applicable share as expressly provided herein) of
any payment or distribution to be made hereunder;

(f)                                    amend this Section 11.01 or Section 2.13
or any provision providing for consent or other action by all the Lenders or
amend the definition of “Majority Lenders;”

(g)                                 amend the definition of “Offshore Currency;” or

(h)                                 discharge any Guarantor, except (i) in connection with
a sale of the Capital Stock of such Guarantor in accordance with Section 8.06
or Section 8.07 or (ii) subject to the terms of the Master
Guaranty and Intercreditor Agreement, unless such Guarantor is no longer a
Significant Subsidiary;

provided,
further, that (A) no amendment, waiver or consent shall, unless in writing
and signed by any affected the Issuing Lender in addition to the Majority
Lenders or all the Lenders, as the case may be, affect the rights or duties of
any Issuing Lender under this Agreement or any Letter of Credit Applications
relating to any Letter of Credit Issued by it, and (B) no amendment,
waiver or consent shall, unless in writing and signed by the Administrative
Agent in addition to the Majority Lenders or all the Lenders, as the case may
be, affect the rights or duties of the Administrative Agent under this
Agreement or any other Loan Document.

11.02                 Transmission and
Effectiveness of Communications and Signatures.

(a)                                  General. 
Unless otherwise expressly provided herein, all notices and other
communications provided for hereunder shall be in writing (including by
facsimile transmission) and mailed, faxed or delivered, to the address,
facsimile number or (subject to subsection (c) below) electronic mail
address specified for notices on Schedule 11.02 or, in the case of
any Borrower, the Administrative Agent, or the Issuing Lender, to such other
address as shall be designated by such party in a notice to the other parties,
and in the case of any other party, to such other address as shall be
designated by such party in a notice to the Company, the Administrative Agent
and the Issuing Lender.  All such notices
and other communications shall be deemed to be given or made upon the earlier
to occur of (i) actual receipt by the intended recipient and
(ii) (A) if delivered by hand or by courier, when signed for by the
intended recipient; (B) if delivered by mail, four Business Days after
deposit in the mails, postage prepaid; (C) if delivered by facsimile, when
sent and receipt has been confirmed by telephone; and (D) if

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delivered by electronic mail (which form of delivery is subject to the
provisions of subsection (c) below), when delivered; provided, however,
that notices and other communications to the Administrative Agent and the
Issuing Lender pursuant to Section 2 shall be in writing (which may
be by facsimile), except as provided herein and shall not be effective until
actually received by such Person.  Any
notice or other communication permitted to be given, made or confirmed by
telephone hereunder shall be given, made or confirmed by means of a telephone
call to the intended recipient at the number specified on Schedule 11.02,
it being understood and agreed that a voicemail message shall in no event be
effective as a notice, communication or confirmation hereunder.

(b)                                  Effectiveness of Facsimile
Documents and Signatures.  Loan Documents may be
transmitted and/or signed by facsimile. 
The effectiveness of any such documents and signatures shall, subject to
applicable Law, have the same force and effect as manually-signed originals and
shall be binding on all Loan Parties, the Administrative Agent and the Lenders.  The Administrative Agent may also require
that any such documents and signatures be confirmed by a manually-signed
original thereof; provided, however, that the failure to request or deliver the
same shall not limit the effectiveness of any facsimile document or signature.

(c)                                  Limited Use of Electronic Mail. 
Electronic mail and internet and intranet websites may be used only to
distribute routine communications, subject to the applicable provisions of Section 6.02,
such as financial statements, backlog, projections, management letters,
compliance certificates and other information, and to distribute Loan Documents
for execution by the parties thereto, and may not be used for any other
purpose.

(d)                                  Reliance by Administrative Agent
and Lenders.  The Administrative Agent and the Lenders
shall be entitled to rely and act upon any notices (including telephonic
notices) purportedly given by or on behalf of any Borrower even if
(i) such notices were not made in a manner specified herein, were
incomplete or were not preceded or followed by any other form of notice
specified herein, or (ii) the terms thereof, as understood by the
recipient, varied from any confirmation thereof.  The Borrowers shall indemnify each
Agent-Related Person and each Lender from all losses, costs, expenses and
liabilities resulting from the reliance by such Person on each notice
purportedly given by or on behalf of any Borrower.  All telephonic notices to and other
communications with the Administrative Agent may be recorded by the
Administrative Agent, and each of the parties hereto hereby consents to such
recording.

11.03                 No Waiver; Cumulative Remedies. 
No failure to exercise and no delay in exercising, on the part of the
Administrative Agent, any Issuing Lender or any Lender, any right, remedy,
power or privilege hereunder, shall operate as a waiver thereof; nor shall any
single or partial exercise of any right, remedy, power or privilege hereunder
preclude any other or further exercise thereof or the exercise of any other
right, remedy, power or privilege.

11.04                 Costs and Expenses. 
Each Borrower shall, whether or not the transactions contemplated hereby
shall be consummated:

(a)                                  pay or reimburse Union Bank (including in its capacity
as the Administrative Agent and an Issuing Lender) and Harris (in its capacity
as the Syndication Agent and an Issuing

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Lender) within five Business Days after demand for all
costs and expenses incurred by Union Bank or Harris in connection with the
development, preparation, delivery, administration and execution of, and any
amendment, supplement, waiver or modification to (in each case, whether or not
consummated), this Agreement, any Loan Document and any other documents
prepared in connection herewith or therewith, and the consummation of the
transactions contemplated hereby and thereby, including the reasonable Attorney
Costs incurred by Union Bank (including in its capacity as the Administrative
Agent and an Issuing Lender) with respect thereto;

(b)                                  pay or reimburse each Lender and the Administrative
Agent within five Business Days after demand for all costs and expenses
incurred by them in connection with the enforcement, attempted enforcement, or
preservation of any rights or remedies (including in connection with any “workout”
or restructuring regarding the Loans, and including in any bankruptcy or
insolvency proceeding or appellate proceeding) under this Agreement, any other
Loan Document, and any such other documents, including Attorney Costs incurred
by the Administrative Agent and any Lender; and

(c)                                  during the continuance of an Event of Default, pay or
reimburse Union Bank (including in its capacity as the Administrative Agent and
an Issuing Lender) within five Business Days after demand for all appraisal
(including the allocated cost of internal appraisal services), audit, environmental
inspection and review (including the allocated cost of such internal services),
search and filing costs, fees and expenses, incurred or sustained by Union Bank
(including in its capacity as the Administrative Agent and an Issuing Lender)
in connection with the matters referred to under Sections (a) and (b) of
this Section.

11.05                 Indemnity and
Reimbursements.

(a)                                  In addition to the payment of expenses pursuant to Section 11.04,
each Borrower agrees (i) to indemnify, defend and hold harmless the Administrative
Agent, each Issuing Lender, each Lender and any holder of any interest in any
Notes and the officers, directors, employees, agents, attorneys and Affiliates
of the Administrative Agent, each Lender and such holders (the “Indemnitees”)
from and against (A) any and all transfer taxes, documentary taxes,
assessments or charges made by any Governmental Authority by reason of the
execution and delivery of this Agreement and the other Loan Documents or the
making of a Loan or issuance of a Letter of Credit, and (B) any and all
liabilities, losses, damages, penalties (except, in the case of tax penalties,
amounts imposed as a result of the unreasonable delay of the Lenders in paying
taxes), judgments, suits, claims, costs and expenses of any kind or nature
whatsoever (including, without limitation, Attorney Costs) which may be imposed
on, incurred by or asserted against such Indemnitee arising out of or in
connection with (1) this Agreement or any Loan Document, the making of any
Loan or the issuance of any Letter of Credit or any use or intended use of any
Letter of Credit or the proceeds of any Loan or any Letter of Credit, or
(2) any tax penalties (except amounts imposed as a result of the
unreasonable delay of the Lenders in paying taxes) and interest due the IRS
relating to the foregoing (the “Indemnified Liabilities”), and (ii) to
reimburse the Indemnitees, upon their demand as incurred for any costs or
expenses (including, without limitation, Attorney Costs) incurred in connection
with investigating, defending or preparing to defend or participating
(including as a witness) in any investigative, administrative or judicial
proceeding whether or not such Indemnitee shall be designated a party thereto,
whether commenced or threatened, with respect to any such actual, alleged or
threatened

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liability, loss, damage, penalty (except, in the case
of tax penalties, amounts imposed as a result of the unreasonable delay of the
Lenders in paying taxes), judgment, suit, claim, cost or expense.
Notwithstanding the foregoing, no Borrower shall have any obligation hereunder
with respect to (1) any Indemnified Liabilities owed to any Borrower that
are directly attributable to claims by a Borrower that the Administrative Agent
or the Lenders have breached this Agreement or (2) any Indemnified
Liabilities to the extent they are finally adjudged by a court of competent
jurisdiction to have directly resulted from the gross negligence or willful
misconduct of any Indemnitee.

(b)                                  If, for the purposes of obtaining judgment in any
court, it is necessary to convert a sum due hereunder or any other Loan
Document in one currency into another currency, the rate -of exchange used
shall be Spot Rate.  The obligation of
the Borrowers in respect of any such sum due from them shall, notwithstanding
any judgment in a currency (the “Judgment Currency”) other than that in
which such sum is denominated in accordance with the applicable provisions of
the Loan Documents (the “Agreement Currency”), be discharged only to the
extent that the Administrative Agent and the Lenders can purchase the Dollar
Equivalent of the Agreement Currency.  If
the amount of the Agreement Currency so purchased is insufficient, the
Borrowers agree, as a separate obligation and notwithstanding any such
judgment, to indemnify relevant Indemnitees against such loss.  If the Dollar Equivalent of the Agreement
Currency is greater than the amount due, the Lender agrees to return any excess
to the Person who may be entitled thereto.

(c)                                  Each Indemnitee will promptly notify the Company of
each event of which it has knowledge which may give rise to a claim under the
indemnification provisions of this Section 11.05; provided, however,
that the failure to so notify the Company shall in no way impair any Borrower’s
obligations under this Section 11.05, except to the extent that
such failure. to so notify has an adverse effect on such Borrower.  If any investigative, judicial or
administrative proceeding arising from any of the foregoing is brought against
any Indemnitee indemnified or intended to be indemnified pursuant to this Section 11.05,
the Borrowers shall be entitled to participate in the defense of such action,
suit, or proceeding at their own expense. 
Unless an Event of Default has occurred and is continuing, to the extent
a Borrower so elects, it may assume such defense (and by such assumption shall
be deemed to have accepted responsibility for any judgment, settlement, or
other liability arising therefrom other than such as may arise as a result of
the gross negligence or willful misconduct of the Indemnitee), to be conducted
by counsel chosen by it, which counsel shall be satisfactory to such
Indemnitee.  Each Borrower agrees to keep
such Indemnitee advised of the status of such defense and to consult with such
Indemnitee prior to taking any material position with respect thereto.  Such Indemnitee shall, however, be entitled
to employ counsel (including in-house counsel) separate from the Borrowers and
from any other party in such action if such Indemnitee shall reasonably determine
that a conflict of interest exists which makes representation by counsel chosen
by the Borrowers not advisable.  The fees
and disbursements of such separate counsel (including the allocated cost of
in-house counsel) shall be paid by the Borrowers; provided that the Borrowers
shall not be required to pay the fees and disbursements of more than one such
separate counsel in any one proceeding or series of related proceedings.  Such Indemnitee shall not agree to the
settlement of any such claim without the consent of the Borrowers, unless the
Borrowers shall have been given notice of the commencement of an action and
shall have failed to assume or fund the defense thereof as herein provided or
an Event of Default under Section 9.01(f) or (g) shall have
occurred

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or there shall have been delivered to the Company
notice under Section 9.02(b). 
To the extent that the undertaking to indemnify, pay and hold harmless
set forth in the preceding provisions may be of any law or public policy, the
Borrowers shall make the maximum contribution to the payment and satisfaction
of each of the Indemnified Liabilities which is permissible under Applicable
Law.  All Indemnified Liabilities shall
be payable on demand.

(d)                                  The obligations of the Borrowers under this Section 11.05
shall survive the termination of this Agreement and the discharge of the
Borrowers’ other obligations hereunder.

11.06                 Marshalling; Payments Set Aside. 
None of the Administrative Agent, any Issuing Lender or the Lenders
shall be under any obligation to marshal any assets in favor of any Borrower or
any other Person or against or in payment of any or all of the
Obligations.  To the extent that any
Borrower makes a payment or payments to the Administrative Agent, any Issuing
Lender or the Lenders, or the Administrative Agent, any Issuing Lender or the
Lenders enforce their Liens or exercise their rights of set-off, and such
payment or payments or the proceeds of such enforcement or set-off or any part
thereof are subsequently invalidated, declared to be fraudulent or
preferential, set aside or required (including pursuant to any settlement
entered into by the Administrative Agent or any Issuing Lender in its
discretion) to be repaid to a trustee, receiver or any other party in
connection with any bankruptcy or insolvency proceeding, or otherwise, then
(a) to the extent of such recovery the obligation or part thereof
originally intended to be satisfied shall be revived and continued in full
force and effect as if such payment had not been made or such enforcement or
set-off had not occurred, and (b) each Lender severally agrees to pay to
the Administrative Agent or any Issuing Lender, as the case may be, upon demand
its ratable share of the total amount so recovered from or repaid by the
Administrative Agent.

11.07                 Successors and Assigns. 
The provisions of this Agreement shall be binding upon and inure to the
benefit of the parties hereto and their respective successors and assigns,
except that the Borrowers may not assign or transfer any of their rights or
obligations under this Agreement without the prior written consent of the
Administrative Agent, each Issuing Lender and each Lender.

11.08                 Assignments,
Participations, Etc.

(a)                                  The provisions of this Agreement shall be binding upon
and inure to the benefit of the parties hereto and their respective successors
and assigns permitted hereby, except that the Borrowers may not assign or
otherwise transfer any of their rights or obligations hereunder without the
prior written consent of each Lender (and any attempted assignment or transfer
by the Borrowers without such consent shall be null and void).  Nothing in this Agreement, expressed or
implied, shall be construed to confer upon any Person (other than the parties
hereto, their respective successors and assigns permitted hereby, Participants
to the extent provided in subsection (d) of this Section and, to the
extent expressly contemplated hereby, the Indemnitees) any legal or equitable
right, remedy or claim under or by reason of this Agreement.

(b)                                  Any Lender may at any time assign to one or more
Eligible Assignees all or a portion of its rights and obligations under this
Agreement (including all or a portion of its Commitment and the Loans
(including for purposes of this subsection (b), participations in L/C

 97
 

Obligations) at the time owing to it); provided
that (i) except in the case of an assignment of the entire remaining
amount of the assigning Lender’s Commitment and the Loans at the time owing to
it or in the case of an assignment to a Lender or an Affiliate of a Lender or
an Approved Fund with respect to a Lender, the aggregate amount of the
Commitment (which for this purpose includes Loans outstanding thereunder)
subject to each such assignment, determined as of the date the Assignment and
Assumption with respect to such assignment is delivered to the Administrative
Agent or, if “Trade Date” is specified in the Assignment and Assumption, as of
the Trade Date, shall not be less than $5,000,000 unless each of the
Administrative Agent and, so long as no Event of Default has occurred and is
continuing, the Company otherwise consents (each such consent not to be
unreasonably withheld or delayed), (ii) each partial assignment shall be
made as an assignment of a proportionate part of all the assigning Lender’s rights
and obligations under this Agreement with respect to the Loans or the
Commitment assigned, and (iii) the parties to each assignment shall
execute and deliver to the Administrative Agent an Assignment and Assumption,
together with a processing and recordation fee of $3,500.  Subject to acceptance and recording thereof
by the Administrative Agent pursuant to subsection (c) of this Section,
from and after the effective date specified in each Assignment and Assumption,
the Eligible Assignee thereunder shall be a party to this Agreement and, to the
extent of the interest assigned by such Assignment and Assumption, have the
rights and obligations of a Lender under this Agreement, and the assigning
Lender thereunder shall, to the extent of the interest assigned by such
Assignment and Assumption, be released from its obligations under this
Agreement (and, in the case of an Assignment and Assumption covering all of the
assigning Lender’s rights and obligations under this Agreement, such Lender
shall cease to be a party hereto but shall continue to be entitled to the
benefits of Sections 4.01, 4.02 and 4.05 with respect
to facts and circumstances occurring prior to the effective date of such
assignment).  Upon request, the Borrowers
(at their expense) shall execute and deliver new or replacement Notes to the
assigning Lender and the assignee Lender. 
Any assignment or transfer by a Lender of rights or obligations under
this Agreement that does not comply with this subsection shall be treated for
purposes of this Agreement as a sale by such Lender of a participation in such
rights and obligations in accordance with subsection (d) of this Section.

(c)                                  The Administrative Agent, acting solely for this
purpose as an agent of the Borrowers, shall maintain at the Administrative
Agent’s Office a copy of each Assignment and Assumption delivered to it and a
register for the recordation of the names and addresses of the Lenders, and the
Commitments of, and principal amounts of the Loans and L/C Obligations owing
to, each Lender pursuant to the terms hereof from time to time (the “Register”).  The entries in the Register shall be
conclusive, and the Borrowers, the Administrative Agent and the Lenders may
treat each Person whose name is recorded in the Register pursuant to the terms
hereof as a Lender hereunder for all purposes of this Agreement,
notwithstanding notice to the contrary. 
The Register shall be available for inspection by the Borrowers and any
Lender, at any reasonable time and from time to time upon reasonable prior
notice.

(d)                                  Any Lender may at any time, without the consent of, or
notice to, the Borrowers or the Administrative Agent, sell participations to
any Person (other than a natural person or the Company or any of the Company’s
Affiliates or Subsidiaries (each, a “Participant”) in all or a portion
of such Lender’s rights and/or obligations under this Agreement (including all
or a portion of its Commitment and/or the Loans (including such Lender’s
participations in L/C Obligations) owing to it); provided that (i) such
Lender’s obligations under this Agreement shall

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remain unchanged, (ii) such Lender shall remain
solely responsible to the other parties hereto for the performance of such
obligations and (iii) the Borrowers, the Administrative Agent and the
other Lenders shall continue to deal solely and directly with such Lender in
connection with such Lender’s rights and obligations under this Agreement.  Any agreement or instrument pursuant to which
a Lender sells such a participation shall provide that such Lender shall retain
the sole right to enforce this Agreement and to approve any amendment,
modification or waiver of any provision of this Agreement; provided that such
agreement or instrument may provide that such Lender will not, without the
consent of the Participant, agree to any amendment, waiver or other
modification that would (i) postpone any date upon which any payment of
money is scheduled to be paid to such Participant, (ii) reduce the
principal, interest, fees or other amounts payable to such Participant, or
(iii) release any Guarantor from the Master Guaranty and Intercreditor
Agreement. Subject to subsection (e) of this Section, each Borrower agrees
that each Participant shall be entitled to the benefits of Sections 4.01,
4.02 and 4.05 to the same extent as if it were a Lender and had
acquired its interest by assignment pursuant to subsection (b) of this
Section.  To the extent permitted by law,
each Participant also shall be entitled to the benefits of Section 11.09
as though it were a Lender, provided such Participant agrees to be
subject to Section 2.13 as though it were a Lender.

(e)                                  A Participant shall not be entitled to receive any
greater payment under Section 4.01 or 4.02 than the
applicable Lender would have been entitled to receive with respect to the
participation sold to such Participant, unless the sale of the participation to
such Participant is made with the Company’s prior written consent.  A Participant that would be a foreign Person
if it were a Lender shall not be entitled to the benefits of Section 4.01
unless the Company is notified of the participation sold to such Participant
and such Participant agrees, for the benefit of the Borrowers, to comply with Section 4.01
as though it were a Lender.

(f)                                    Any Lender may at any time pledge or assign a security
interest in all or any portion of its rights under this Agreement (including
under its Notes, if any) to secure obligations of such Lender, including any
pledge or assignment, to secure obligations to a Federal Reserve Bank; provided
that no such pledge or assignment shall release such Lender from any of its
obligations hereunder or substitute any such pledgee or assignee for such
Lender as a party hereto.

(g)                                 As used herein, the following terms have the following
meanings:

“Eligible Assignee” means (a) a Lender;
(b) an Affiliate of a Lender; (c) an Approved Fund; and (d) any
other Person (other than a natural person) approved by (i) the
Administrative Agent, the Issuing Lender, and (ii) unless (A) such
Person is taking delivery of an assignment in connection with physical
settlement of a credit derivative transaction or (B) an Event of Default
has occurred and is continuing, the Company (each such approval not to be
unreasonably withheld or delayed); provided that notwithstanding the foregoing,
“Eligible Assignee” shall not include the Company or any of the Company’s
Affiliates or Subsidiaries.

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

 99

“Approved Fund” means any Fund that is
administered or managed by (a) a Lender, (b) an Affiliate of a Lender
or (c) an entity or an Affiliate of an entity that administers or manages
a Lender.

(h)           Notwithstanding
anything to the contrary contained herein, if at any time Union Bank or Harris
assigns all of its Commitment and Loans pursuant to subsection (b) above,
Union Bank or Harris may, upon 15 days’ notice to the Company and the Lenders,
resign as an Issuing Lender.  In the
event of any such resignation as an Issuing Lender, the Company shall be
entitled to appoint from among the Lenders a successor Issuing Lender
hereunder; provided, however, that no failure by the Company to appoint any
such successor shall affect the resignation of Union Bank or Harris as an
Issuing Lender.  Union Bank or Harris
shall retain all the rights and obligations of an Issuing Lender hereunder with
respect to all Letters of Credit outstanding as of the effective date of its
resignation as an Issuing Lender and all L/C Obligations with respect thereto
(including the right to require the Lenders to make Base Rate Loans or fund
participations pursuant to Section 3.04).

(i)            Each
Lender agrees to take normal and reasonable precautions and exercise due care,
to maintain the confidentiality of all information identified as “confidential”
by any Borrower and provided to it by a Borrower or any Subsidiary of any
Borrower, or by the Administrative Agent on such Borrower’s or Subsidiary’s
benefit, in connection with this Agreement or any other Loan Document, and
neither it nor any of its Affiliates shall use any such information for any
purpose or in any manner other than pursuant to the terms contemplated by this
Agreement; except to the extent such information (i) was or becomes generally
available to the public other than as a result of a disclosure by the Lender,
or (ii) was or become available on a non-confidential basis from a source
other than a Borrower, provided that such source is not bound by a
confidentiality agreement with any Borrower known to the Lender; provided,
however, that any Lender may disclose such information (A) at the request
or pursuant to any requirement of any Governmental Authority to which the
Lender is subject or in connection with an examination of such Lender by any
such authority; (B) pursuant to subpoena or other court process;
(C) when required to do so in accordance with the provisions of any
Applicable Law; (D) to the extent reasonably required in connection with
any litigation or proceeding to which the Administrative Agent, any Lender or
their respective Affiliates may be party, (E) to the extent reasonably
required in connection with the exercise of any remedy hereunder or under any
other Loan Document, and (F) to such Lender’s independent auditors and other
professional advisors provided such auditors or professional advisors agree in
writing to keep such information confidential to the same extent required of
the Lenders hereunder.  Notwithstanding
the foregoing, each Borrower authorizes each Lender to disclose to any
Participant, Assignee or counterparty (or its advisor) to any swap,
securitization or derivative transaction referencing or involving any of the
rights or obligations of such Lender under this Agreement (each, a “Transferee”)
and to any prospective Transferee, such financial and other information in such
Lender’s possession concerning any Borrower or its Subsidiaries which has been
delivered to the Administrative Agent or the Lenders pursuant to this Agreement
or which has been delivered to the Administrative Agent or the Lenders by any
Borrower in connection with the Lender’s credit evaluation of the Borrowers
prior to entering into this Agreement; provided, however, that,
unless otherwise agreed by the Borrowers, such Transferee agrees in writing to
such Lender to keep such information confidential to the same extent required
of the Lenders hereunder. 
Notwithstanding anything herein to the contrary, effective immediately
upon commencement of

 100
 

any discussions regarding the transactions contemplated
in this Agreement and any other Loan Document, confidential information shall
not include, and all parties to this Agreement or any of the Loan Documents
(and each employee representative, or other agent of any such party) may
disclose to any and all Persons without limitation of any kind, any information
with respect to the “tax treatment” and “tax structure” (in each case, within
the meaning of Treasury Regulation Section 1.6011-4) of the transactions
contemplated hereby and all materials of any kind (including opinions or other
tax analyses) that are provided to such party relating to such tax treatment
and tax structure; provided that with respect to any document or similar
item that in either case contains information concerning the tax treatment or
tax structure of the transaction as well as other information, this sentence
shall only apply to such portions of the document or similar item that relate
to the tax treatment or tax structure of the Loans, Letters of Credit and
transactions contemplated hereby.

(j)            Each
Lender shall promptly notify the Borrowers if it determines or otherwise treats
the Loans and/or its interest in Letters of Credit as part of a transaction
that is subject to Treasury Regulation Section 301.6112-1.

11.09      Set-Off. 
In addition to any rights and remedies of the Lenders provided by law,
if an Event of Default exists, each Lender is authorized at any time and from
time to time, without prior notice to any Borrower, any such notice being
waived by the Borrowers to the fullest extent permitted by law, to set off and
apply any and all deposits (general or special, time or demand, provisional or
final) at any time held by, and other indebtedness at any time owing to, such
Lender to or for the credit or the account of any Borrower against any and all
Obligations owing to such Lender, now or hereafter existing, irrespective of
whether or not the Administrative Agent or such Lender shall have made demand
under this Agreement or any Loan Document and although such Obligations may be contingent
or unmatured.  Each Lender agrees
promptly to notify the Company and the Administrative Agent after any such
set-off and application made by such Lender; provided, however,
that the failure to give such notice shall not affect the validity of such
set-off and application.  The rights of
each Lender under this Section 11.09 are in addition to the other
rights and remedies (including other rights of set-off) which the Lender may
have.

11.10      Notification
of Addresses, Lending Offices, Etc.  Each Lender
shall notify the Administrative Agent in writing of any changes in the address
to which notices to the Lender should be directed, of addresses of its Lending
Office, of payment instructions in respect of all payments to be made to it
hereunder and of such other administrative information as the Administrative
Agent shall reasonably request.

11.11      Counterparts. 
This Agreement may be executed by one or more of the parties to this
Agreement in any number of separate counterparts, each of which, when so executed,
shall be deemed an original, and all of such counterparts taken together shall
be deemed to constitute but one and the same instrument.  A set of the copies of this Agreement signed
by all the parties shall be lodged with the Company and the Administrative
Agent.

11.12      Severability. 
The illegality or unenforceability of any provision of this Agreement or
any instrument or agreement required hereunder shall not in any way affect or

 101
 

impair
the legality or enforceability of the remaining provisions of this Agreement or
any instrument or agreement required hereunder.

11.13      No
Third Parties Benefited.  This Agreement is made and
entered into for the sole protection and legal benefit of the Borrowers, the
Lenders, the Issuing Lenders and the Administrative Agent, and their permitted
successors, assignees and participants, and no other Person shall be a direct
or indirect legal beneficiary of, or have any direct or indirect cause of
action or claim in connection with, this Agreement or any of the other Loan
Documents. None of the Administrative Agent, any Issuing Lender, or any Lender
shall have any obligation to any Person not a party to this Agreement or other
Loan Documents.

11.14      Time. 
Time is of the essence as to each term or provision of this Agreement
and each of the other Loan Documents.

11.15      Governing Law and
Jurisdiction.

(a)           THIS AGREEMENT AND ANY NOTES SHALL BE
GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK
EXCEPT, IN THE CASE OF SECTION 3, TO THE EXTENT THAT SUCH LAWS ARE
INCONSISTENT WITH THE UCP; PROVIDED THAT ADMINISTRATIVE AGENT AND THE LENDERS
SHALL RETAIN ALL RIGHTS ARISING UNDER FEDERAL LAW.

(b)           ANY LEGAL ACTION OR PROCEEDING WITH
RESPECT TO THIS AGREEMENT AND ANY OTHER LOAN DOCUMENTS MAY BE BROUGHT IN THE
COURTS OF THE STATE OF CALIFORNIA OR OF THE UNITED STATES FOR THE CENTRAL
DISTRICT OF CALIFORNIA, AND BY EXECUTION AND DELIVERY OF THIS AGREEMENT, EACH
OF THE BORROWERS, THE ADMINISTRATIVE AGENT, EACH ISSUING BANK AND THE LENDERS
CONSENTS, FOR ITSELF AND IN RESPECT OF ITS PROPERTY, TO THE NON-EXCLUSIVE
JURISDICTION OF THOSE COURTS.  EACH OF
THE BORROWERS, THE ADMINISTRATIVE AGENT, EACH ISSUING BANK AND THE LENDERS
IRREVOCABLY WAIVES ANY OBJECTION, INCLUDING ANY OBJECTION TO THE LAYING OF
VENUE OR BASED ON THE GROUNDS OF FORUM NON CONVENIENS, WHICH IT MAY NOW OR
HEREAFTER HAVE TO THE BRINGING OF ANY ACTION OR PROCEEDING IN SUCH JURISDICTION
IN RESPECT OF THIS AGREEMENT OR ANY DOCUMENT RELATED HERETO.  THE BORROWERS, THE ADMINISTRATIVE AGENT, EACH
ISSUING BANK AND THE LENDERS EACH WAIVE PERSONAL SERVICE OF ANY SUMMONS,
COMPLAINT OR OTHER PROCESS, WHICH MAY BE MADE BY ANY OTHER MEANS PERMITTED BY
CALIFORNIA LAW.

11.16      Waiver
of Jury Trial.  THE BORROWERS, THE LENDERS, EACH ISSUING BANK
AND THE ADMINISTRATIVE AGENT EACH WAIVE THEIR RESPECTIVE RIGHTS TO A TRIAL BY
JURY OF ANY CLAIM OR CAUSE OF ACTION BASED UPON OR ARISING OUT OF OR RELATED TO
THIS AGREEMENT, THE OTHER LOAN DOCUMENTS, OR THE TRANSACTIONS CONTEMPLATED
HEREBY OR THEREBY, IN ANY ACTION, PROCEEDING OR OTHER LITIGATION OF ANY TYPE
BROUGHT BY ANY OF THE PARTIES AGAINST ANY OTHER PARTY OR PARTIES, WHETHER WITH

 102
 

RESPECT
TO CONTRACT CLAIMS, TORT CLAIMS, OR OTHERWISE. 
THE BORROWERS, THE LENDERS, THE ISSUING BANKS AND THE ADMINISTRATIVE
AGENT EACH AGREE THAT ANY SUCH CLAIM OR CAUSE OF ACTION SHALL BE TRIED BY A
COURT TRIAL WITHOUT A JURY. WITHOUT LIMITING THE FOREGOING, THE PARTIES FURTHER
AGREE THAT THEIR RESPECTIVE RIGHTS TO A TRIAL BY JURY ARE WAIVED BY OPERATION
OF THIS SECTION AS TO ANY ACTION, COUNTERCLAIM OR OTHER PROCEEDING WHICH SEEKS,
IN WHOLE OR IN PART, TO CHALLENGE THE VALIDITY OR ENFORCEABILITY OF THIS
AGREEMENT OR THE OTHER LOAN DOCUMENTS OR ANY PROVISION HEREOF OR THEREOF. THIS
WAIVER SHALL APPLY TO ANY SUBSEQUENT AMENDMENTS, RENEWALS, SUPPLEMENTS OR
MODIFICATIONS TO THIS AGREEMENT AND THE OTHER LOAN DOCUMENTS.

11.17      Entire
Agreement.  This Agreement, together with the other Loan
Documents, embodies the entire agreement and understanding among the Borrowers,
the Lenders, the Issuing Lenders and the Administrative Agent, and supersedes
all prior or contemporaneous Agreements and understandings of such Persons,
verbal or written, relating to the subject matter hereof and letter referenced
in Section 2.09(c) and any prior arrangements made with respect to
the payment by the Borrowers of (or any indemnification for) any fees, costs or
expenses payable to or incurred (or to be incurred) by or on behalf of the
Administrative Agent, each Issuing Lender or the Lenders.

11.18      Obligations Several and Not Joint; Certain Waivers.

(a)           The obligations of the Borrowers (except
in their capacity, if any, as a Guarantor under the Master Guaranty and
Intercreditor Agreement) under this Agreement are several and not joint.

(b)           Each Borrower agrees that neither the Administrative
Agent nor any Lender shall have any responsibility to inquire into the
apportionment, allocation or disposition of the proceeds of any Credit
Extension as among the Borrowers.

(c)           Each Borrower hereby irrevocably appoints
each other Borrower as its agent and attorney-in-fact for all purposes of the
Loan Documents, including without limitation the giving and receiving of
notices and other communications, the making of requests for, or conversions or
continuations of, Loans, Letters of Credit, the execution and delivery of
certificates and the receipt and allocation of disbursements from the Lenders.

(d)           Each Borrower acknowledges that the
handling of this credit facility as one facility as set forth in this Agreement
is solely an accommodation to the Borrowers and is done at their request.  Each Borrower agrees that neither the
Administrative Agent nor any Lender shall incur any liability to any Borrower
as a result thereof.  To induce the
Administrative Agent and the Lenders to enter into this Agreement, and in
consideration thereof, each Borrower hereby agrees to indemnify the
Administrative Agent and each Lender and hold such entity harmless from and
against any and all liabilities, expenses, losses, damages and/or claims of
damage or injury asserted against such entity by any Borrower or by any other
Person arising from or incurred by reason of the structuring of this credit
facility as herein provided, reliance by the

 103
 

Administrative Agent or the Lenders on any requests or
instructions from any Borrower, or any other action taken by the Administrative
Agent or a Lender hereunder.  This
Section shall survive termination of this Agreement.

(e)           Each Borrower represents and warrants to
the Administrative Agent and the Lenders that (i) it has established
adequate means of obtaining from each other Borrower on a continuing basis
financial and other information pertaining to the business, operations and
condition (financial and otherwise) of each other Borrower and its respective
property, and (ii) each Borrower now is and hereafter will be completely
familiar with the business, operations and condition (financial and otherwise)
of each other Borrower, and its property. 
Each Borrower hereby waives and relinquishes any duty on the part of the
Administrative Agent or any Lender to disclose to such Borrower any matter,
fact or thing relating to the business, operations or condition (financial or
otherwise) of any other Borrower, or the property of any other Borrower,
whether now or hereafter known by the Administrative Agent or any Lender during
the life of this Agreement.

(f)            Each Borrower acknowledges that its
Obligations may derive from value provided directly to another Person and, in
full recognition of that fact, each Borrower consents and agrees that the
Administrative Agent and any Lender may, at any time and from time to time,
without notice to, demand on, or the agreement of, such Borrower, and without
affecting the enforceability or security of the Loan Documents:

(i)            with the agreement of each other Borrower, supplement,
modify,, amend, extend, renew, accelerate or change the terms of the
Obligations, or otherwise change the time for payment of the Obligations or any
part thereof, including increasing or decreasing the rate of interest thereon;

(ii)           with the agreement of each other Borrower, supplement,
modify, amend or waive, or enter any agreement, approval or consent with
respect to, the Obligations or any part thereof or any of the Loan Documents or
any additional security or guaranties, or any condition, covenant, default,
remedy, right, representation or term thereof or thereunder;

(iii)          with the agreement of each other Borrower, accept new
or additional instruments, documents or agreements in exchange for, or relative
to, any. of the Loan Documents or the Obligations or any part thereof;

(iv)          accept partial payments on the Obligations;

(v)           with the agreement of each other Borrower, receive and
hold additional security or guaranties for the Obligations or any part thereof;

(vi)          release, reconvey, terminate, waive, abandon,
subordinate, exchange, substitute, transfer and enforce any security or
guaranties, and apply any security and direct the order or manner of sale
thereof as the Administrative Agent or any Lender in its sole and absolute discretion
may determine;

 104
 

(vii)         release any party or any guarantor from any personal
liability with respect to the Obligations or any part thereof;

(viii)        settle, release on terms satisfactory to the
Administrative Agent or such Lender and each other Borrower, or by operation of
Applicable Law or otherwise liquidate or enforce any Obligations and any
security or guaranty in any manner, consent to the transfer of any security and
bid and purchase at any sale; and/or

(ix)           consent to the merger, change or any other
restructuring or termination of the corporate existence of each other Borrower
or any other Person, and correspondingly restructure the Obligations,
continuing existence of any Lien under any other Loan Document to which any
Borrower is a party or the enforceability hereof or thereof with respect to all
or any part of the Obligations.

(g)           Each Borrower expressly waives any right
to require the Administrative Agent or any Lender to marshal assets in favor of
any Borrower or any other Person or to proceed against any other Borrower or
any other Person or any other Person, and agrees that the Administrative Agent
and any Lender may proceed against Borrowers in such order as they shall
determine in their sole and absolute discretion.  The Administrative Agent and any Lender may
file a separate action or actions against any Borrower, whether action is
brought or prosecuted with respect to any other security or against any other
Person, or whether any other Person is joined in any such action or actions.  Each Borrower agrees that the Administrative
Agent or any Lender and any. other Borrower may deal with each other in
connection with the Obligations or otherwise, or alter any contracts or
agreements now or hereafter existing between any of them, in any manner whatsoever,
all without in any way altering or affecting the obligations of such Borrower
under the Loan Documents.

(h)           Each Borrower expressly waives any and
all defenses now or hereafter arising or asserted by reason of (i) any
disability or other defense of any other Borrower or any other Person with
respect to any Obligations, (ii) the unenforceability or invalidity as to
any other Borrower or any other Person of the Obligations, (iii) the
unenforceability or invalidity of any security or guaranty for the Obligations
or the lack of perfection or continuing perfection or failure of priority of
any security for the Obligations, (iv) the cessation for any cause
whatsoever of the liability of any Borrower or any other Person (other than by
reason of the full payment and performance of all Obligations), (v) to the
extent permitted by law, any failure of the Administrative Agent or any Lender
to give notice of sale or other disposition to any Borrower or any defect in
any notice that may be given in connection with any sale or disposition,
(vi) to the extent permitted by law, any failure of the Administrative
Agent or any Lender to comply with applicable laws in connection with the sale
or other disposition of any security for any Obligation, including without limitation
any failure of the Administrative Agent or any Lender to conduct a commercially
reasonable sale or other disposition of any security for any obligation,
(vii) any act or omission of the Administrative Agent or any Lender or
others that directly or indirectly results in or aids the discharge or release
of any Borrower or any other Person or the Obligations or any other security or
guaranty therefore by operation of law or otherwise, (viii) any failure of
the Administrative Agent or any Lender to file or enforce a claim in any
bankruptcy or other proceeding with respect to any other Borrower,
(ix) the election by the Administrative Agent or any Lender, in any
bankruptcy proceeding of any other Borrower, of the

 105
 

application or non-application of Section 1111
(b)(2) of the United States Bankruptcy Code, (x) any extension of credit
or the grant of any Lien under Section 364 of the United States Bankruptcy
Code in connection with the bankruptcy of any other Borrower, (xi) any use
of cash collateral under Section 363 of the United States Bankruptcy Code,
or (xii) any agreement or stipulation with any other Borrower with respect
to the provision of adequate protection in any bankruptcy proceeding of any
Person.

(i)            Notwithstanding anything to the contrary
elsewhere contained herein or in any other Loan Document to which any Borrower
is a party, each Borrower hereby waives with respect to each other Borrower and
their respective successors and assigns (including any surety) and any other
party any and all rights at law or in equity, to subrogation to reimbursement,
to exoneration, to contribution, to setoff or to any other rights that could
accrue to a surety against a principal, to a guarantor against a maker, to an
accommodation party against the party accommodated, or to a holder or
transferee against a maker and which any Borrower may have or hereafter acquire
against each other Borrower or any other party in connection with or as a
result of Borrowers’ execution, delivery and/or performance of this Agreement or
any other Loan Document to which any Borrower is a party.  Each Borrower agrees that it shall not have
or assert any such rights against one another or their respective successors
and assigns or any other party (including any surety), either directly or as an
attempted setoff to any action commenced against any Borrower by another
Borrower (as borrower or in any other capacity) or any other party.  Each Borrower hereby acknowledges and agrees
that this waiver is intended to benefit the Lenders and shall not limit or
otherwise affect Borrowers, liability hereunder, under any other Loan Document
to which any Borrower is a party, or the enforceability hereof or thereof.

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

 106

IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be
executed and delivered as of the date first set forth above.

	
  

  	
  The Company:

  
	
   

  	
   

  
	
  

  	
  AECOM TECHNOLOGY CORPORATION,

  
	
   

  	
  a Delaware corporation

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
  Name:

  	
   

  	
   

  
	
   

  	
  Title:

  	
   

  	
   

  
						

 

 S-1
 

 

	
  

  	
  The Subsidiary Borrowers:

  
	
   

  	
   

  
	
   

  	
  MAUNSELL HK HOLDINGS, LIMITED,

  
	
   

  	
  a limited company organized under the laws of

  
	
   

  	
  Hong Kong

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
  Name:

  	
   

  	
   

  
	
   

  	
  Title:

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  AECOM UK, LIMITED,

  
	
   

  	
  a limited company organized under the laws of

  the United Kingdom

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
  Name:

  	
   

  	
   

  
	
   

  	
  Title:

  	
   

  	
   

  
							

 S-2
 

 

	
  

  	
  UNION BANK OF CALIFORNIA, N.A.,

  
	
   

  	
  as Administrative Agent

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
  Name:

  	
   

  	
   

  
	
   

  	
  Title:

  	
   

  	
   

  
	
   

  
	
   

  	
   

  
	
   

  	
  UNION BANK OF CALIFORNIA, N.A., as

  an Issuing Lender, the Swing Line Lender

  and a Lender

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
  Name:

  	
   

  	
   

  
	
   

  	
  Title:

  	
   

  	
   

  
						

 S-3
 

 

	
  

  	
  BANK OF MONTREAL, acting under its

  trade name BMO Capital Markets, as

  Syndication Agent

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
   

  	
  John A.
  Armstrong

  
	
   

  	
   

  	
  Vice President

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  HARRIS N.A. (successor by merger to

  
	
   

  	
  Harris Trust and Savings Bank),

  
	
   

  	
  as an Issuing Lender and a Lender

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
   

  	
  John A.
  Armstrong

  
	
   

  	
   

  	
  Vice President

  

 S-4
 

 

	
  

  	
  WELLS FARGO BANK, N.A.,

  
	
   

  	
  as a Lender

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
  Name:

  	
   

  	
   

  
	
   

  	
  Title:

  	
   

  	
   

  
						

 

 S-5
 

 

	
  

  	
  LASALLE BANK NATIONAL

  ASSOCIATION, as a Lender

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
  Name:

  	
   

  	
   

  
	
   

  	
  Title:

  	
   

  	
   

  
						

 

 S-6
 

 

	
  

  	
  HSBC BANK USA, NATIONAL

  ASSOCIATION, as a Lender

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
  Name:

  	
   

  	
   

  
	
   

  	
  Title:

  	
   

  	
   

  
						

 

 S-7
 

 

	
  

  	
  BNP PARIBAS,

  
	
   

  	
  as a Lender

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
  Name:

  	
   

  	
   

  
	
   

  	
  Title:

  	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
  Name:

  	
   

  	
   

  
	
   

  	
  Title:

  	
   

  	
   

  
						

 

 S-8
 

 

	
  

  	
  BANK OF AMERICA, N.A.,

  
	
   

  	
  as a Lender

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
  Name:

  	
   

  	
   

  
	
   

  	
  Title:

  	
   

  	
   

  
					

 

 S-9
 

 

	
  

  	
  U.S. BANK NATIONAL ASSOCIATION,

  
	
   

  	
  as a Lender

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
  Name:

  	
   

  	
   

  
	
   

  	
  Title:

  	
   

  	
   

  
						

 

 S-10
 

 

	
  

  	
  CITY NATIONAL BANK,

  
	
   

  	
  as a Lender

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
  Name:

  	
   

  	
   

  
	
   

  	
  Title:

  	
   

  	
   

  
					

 

 S-11
 

 

	
  

  	
  THE NORTHERN TRUST COMPANY,

  
	
   

  	
  as a Lender

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
  Name:

  	
   

  	
   

  
	
   

  	
  Title:

  	
   

  	
   

  
						

 

 S-12
 

 

	
  

  	
  AMEGY BANK, N.A. (formerly Southwest

  Bank of Texas, N.A.), as a Lender

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
  Name:

  	
   

  	
   

  
	
   

  	
  Title:

  	
   

  	
   

  
						

 

 S-13

EXHIBIT A

FORM OF REQUEST FOR
EXTENSION OF CREDIT

Date:                              

	
  To:

  	
   

  	
  Union Bank of California, N.A.,

  
	
   

  	
   

  	
  as Administrative Agent

  

 

Ladies
and Gentlemen:

Reference is made to the Amended and Restated Credit Agreement dated as
of July      , 2006 among AECOM Technology
Corporation, a Delaware corporation (the “Company”), the Subsidiary
Borrowers from time to time party thereto (each, a “Subsidiary Borrower”
and together with the Company, the “Borrowers”), the Lenders from time
to time party thereto, Union Bank of California, N.A., as the Administrative
Agent, an Issuing Lender and the Swing Line Lender, Harris N.A. (successor by
merger to Harris Trust and Savings Bank), as an Issuing Lender, and Bank of
Montreal, acting under its trade name BMO Capital Markets, as the Syndication
Agent (as amended, restated, extended, supplemented or otherwise modified in
writing from time to time, the “Agreement;” the terms defined therein
being used herein as therein defined).

The undersigned hereby requests (select one):

o  A
Borrowing of Loans                  o  A
Conversion or Continuation of Loans

1.             On                                                            
(a Business Day).

2.             In the amount of
[$]                                            .

	
  3.

  	
   

  	
  Comprised of

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   [type of Loan requested]

  

 

4.             For Offshore Rate
Loans:  with an Interest Period of                       months.

The foregoing request complies with the requirements of Sections 2.01
and 2.03 of the Agreement.  In
connection with any Request for Extension of Credit for a Borrowing of Loans,
the undersigned hereby certifies that the following statements are true on the
date hereof, and will be true on the above date, before and after giving effect
to the application of the proceeds therefrom:

(a)           all of the representations and
warranties of the Borrowers contained in Section 6 of the Agreement and in
any other Loan Documents and all of the representations and warranties of the
Guarantors in the Master Guaranty and in any other Loan Documents shall be true
and correct in all material respects on and as of this Funding Date as though
made on and as of this date; and

 1
 

(b)           no Default or Event of Default has
occurred and is continuing or would result from this Extension of Credit.

	
   

  	
  [APPLICABLE BORROWER]

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  Name:

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  Title:

  	
   

  	
   

  
						

 

 2

EXHIBIT B

FORM OF COMPLIANCE
CERTIFICATE

[To Be Attached]

 1

EXHIBIT C

FORM OF

NOTE

	
  $                                                            

  	
  September 22, 2006

  

 

FOR VALUE RECEIVED, the undersigned (the “Borrower”) hereby
promises to pay to the order of
                                                        
(the “Lender”), on the Termination Date (as defined in, and from time to
time extended in accordance with, the Agreement referred to below) the amount
of                           
Dollars ($                        ),
or such lesser principal amount of Loans (as defined in the Agreement referred
to below) payable by the Borrower to the Lender on such Termination Date under
the Amended and Restated Credit Agreement dated as of September 22, 2006 among
the Borrower, the other borrowers party thereto, the Lenders from time to time
party thereto, Union Bank of California, N.A., as the Administrative Agent, an
Issuing Lender and the Swing Line Lender, Harris N.A. (successor by merger to
Harris Trust and Savings Bank), as an Issuing Lender, and Bank of Montreal,
acting under its trade name, BMO Capital Markets, as the Syndication Agent (as
amended, restated, extended, supplemented or otherwise modified in writing from
time to time, the “Agreement;” the terms defined therein being used
herein as therein defined).

The Borrower promises to pay interest on the unpaid principal amount of
each Loan from the date of such Loan until such principal amount is paid in
full, at such interest rates, and payable at such times as are specified in the
Agreement.  All payments of principal and
interest shall be made to the Administrative Agent at the Administrative Agent’s
Payment office for the account of the Lender in immediately available funds in
the currency of such Loan.  If any amount
is not paid in full when due hereunder, such unpaid amount shall bear interest,
to be paid upon demand, from the due date thereof until the date of actual
payment (and before as well as after judgment) computed at the per annum rate
set forth in the Agreement.

This Note is one of the “Notes” referred to in the
Agreement.  Reference is hereby made to
the Agreement for rights and obligations of payment and prepayment, events of
default and the right of the Lender to accelerate the maturity hereof upon the
occurrence of such events.  Loans made by
the Lender shall be evidenced by one or more loan accounts or records
maintained by the Lender in the ordinary course of business.  The Lender may also attach schedules to this
Note and endorse thereon the date, amount and maturity, of its Loans and
payments with respect thereto.

The Borrower, for itself and its successors and assigns, hereby waives
diligence, presentment, protest and demand and notice of protest, demand,
dishonor and non-payment of this Note.

The Borrower agrees to pay all collection expenses, court costs and
Attorney Costs (whether or not litigation is commenced) which may be incurred
by the Lender in connection with the collection or enforcement of this Note.

 1
 

THIS NOTE SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE
LAWS OF THE STATE OF CALIFORNIA.

	
   

  	
  [AECOM TECHNOLOGY CORPORATION,

  
	
   

  	
  a Delaware corporation

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
  Name:

  	
   

  
	
   

  	
  Title:

  	
   

  	
  ]

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  [MAUNSELL HK HOLDINGS, LIMITED,

  
	
   

  	
  a limited company organized under the laws of

  Hong Kong

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
  Name:

  	
   

  
	
   

  	
  Title:

  	
   

  	
  ]

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  [AECOM UK, LIMITED,

  
	
   

  	
  a limited company organized under the laws of the

  United Kingdom

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
  Name:

  	
   

  
	
   

  	
  Title:

  	
   

  	
  ]

  
	
   

  	
   

  	
   

  
						

 

 2

LOANS AND PAYMENTS WITH
RESPECT THERETO

	
  Date

  	
   

  	
  Type of

  Loan Made

  	
   

  	
  Currency

  and Amount

  of

  Loan Made

  	
   

  	
  End of

  Interest

  Period

  	
   

  	
  Amount of

  Principal

  or Interest

  Paid This

  Date

  	
   

  	
  Outstanding

  Principal

  Balance

  This Date

  	
   

  	
  Notation

  Made By

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  

 

 1

EXHIBIT D

MASTER GUARANTY AND INTERCREDITOR AGREEMENT

[To Be Attached]

 

 1

EXHIBIT E

ASSIGNMENT AND ACCEPTANCE

This Assignment and Acceptance (this “Assignment”) is dated as of the
Effective Date set forth below and is entered into by and between [insert name of Assignor] (the “Assignor”) and [insert name of Assignee] (the “Assignee”). Capitalized
terms used but not defined herein shall have the meanings given to them in the
Credit Agreement identified below (the “Credit Agreement”), receipt of a copy
of which is hereby acknowledged by the Assignee. The Standard Terms and
Conditions set forth in Annex 1 attached hereto are hereby agreed to and
incorporated herein by reference and made a part of this Assignment as if set
forth herein in full.

For an agreed consideration, the Assignor hereby irrevocably sells and
assigns to the Assignee, and the Assignee hereby irrevocably purchases and
assumes from the Assignor, subject to and in accordance with the Standard Terms
and Conditions and the Credit Agreement, as of the Effective Date inserted by
the Administrative Agent as contemplated below, the interest in and to all of
the Assignor’s rights and obligations under the Credit Agreement and any other
documents or instruments delivered pursuant thereto that represents the amount
and percentage interest identified below of all of the Assignor’s outstanding
rights and obligations under the respective facilities identified below
(including, to the extent included in any such facilities and Letters of
Credit) (the “Assigned Interest”). Such sale and assignment is without recourse
to the Assignor and, except as expressly provided in this Assignment, without
representation or warranty by the Assignor.

	
  1.

  	
   

  	
  Assignor:

  	
   

  	
                                                                   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  2.

  	
   

  	
  Assignee:

  	
   

  	
                                                          [and
  is an Affiliate/Approved Fund(1)]

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  3.

  	
   

  	
  Borrowers:

  	
   

  	
  AECOM Technology Corporation

  
	
   

  	
   

  	
   

  	
   

  	
  Subsidiary Borrowers from time to time party thereto

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  4.

  	
   

  	
  Administrative Agent:

  	
   

  	
  Union Bank of California, N.A., as the administrative
  agent under the Credit Agreement

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  5.

  	
   

  	
  Credit Agreement:

  	
   

  	
  The Amended and Restated Credit Agreement dated as
  of September 22, 2006, among AECOM Technology Corporation, the Subsidiary
  Borrowers from time to time party thereto, the several financial institutions
  from time to time party thereto, Union Bank of California, N.A., as
  Administrative Agent, an Issuing Lender and the Swing Line Lender, Harris
  N.A. (successor by merger to Harris Trust and Savings Bank), as an Issuing
  Lender, and Bank of Montreal, acting under its trade name BMO Capital
  Markets, as Syndication Agent.

  

 

(1)  Select as applicable.

 1
 

6.                                       Assigned Interest:

	
  Facility Assigned

  	
   

  	
  Aggregate

  Amount of

  Commitment/Loans

  for all Lenders

  	
   

  	
  Amount of

  Commitment/Loans

  Assigned

  	
   

  	
  Percentage

  Assigned of

  Commitment/Loans(2)

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Commitment

  	
   

  	
  $

  	
                 

  	
   

  	
  $

  	
                  

  	
   

  	
   

  	
  %

  
										

 

Effective Date:                   ,
20     [to be inserted by
Administrative Agent and which shall be the effective date of recordation of
transfer in the register therefore.]

The terms set forth in this Assignment are hereby agreed to:

	
  

  	
  ASSIGNOR

  
	
   

  	
   

  
	
   

  	
  [NAME OF ASSIGNOR]

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  Title

  

 

 

	
  

  	
  ASSIGNEE

  
	
   

  	
   

  
	
   

  	
  [NAME OF ASSIGNEE]

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  Title

  

 

(2)           Set forth, to at least 9 decimals, as
a percentage of the Commitment/Loans of all Lenders thereunder.

 2
 

Consented
to and Accepted:

	
  UNION BANK OF CALIFORNIA, N.A.,

  as Administrative Agent

  
	
   

  
	
   

  	
   

  	
   

  
	
  By:

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Title

  	
   

  
	
   

  	
   

  	
  [Consented to:](3)

  

 

 

	
  AECOM TECHNOLOGY CORPORATION

  
	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  By:

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Title

  

 

 

	
  UNION BANK OF CALIFORNIA, N.A.,

  as an Issuing Lender

  
	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  By:

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Title

  

 

 

	
  HARRIS N.A. (successor by merger to Harris
  Trust and Savings Bank),

  as an Issuing Lender 

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  By:

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Title

  

 

(3)                                  To be added only if the consent of the
Company and/or other parties (e.g., an Issuing Lender) is required by the terms
of the Credit Agreement.

 3

ANNEX 1
TO ASSIGNMENT AND ACCEPTANCE

STANDARD TERMS AND
CONDITIONS

1.                                       Representations and Warranties.

1.1.                              Assignor. The Assignor (a) represents and warrants that
(i) it is the legal and beneficial owner of the Assigned Interest,
(ii) the Assigned Interest is free and clear of any lien, encumbrance or
other adverse claim and (iii) it has full power and authority, and has
taken all action necessary, to execute and deliver this Assignment and to
consummate the transactions contemplated hereby; and (b) assumes no
responsibility with respect to (i) any statements, warranties or
representations made in or in connection with any Loan Document, (ii) the
execution, legality, validity, enforceability, genuineness, sufficiency or
value of the Credit Agreement or any other instrument or document delivered
pursuant thereto, other than this Assignment (herein collectively the “Loan
Documents”), or any collateral thereunder, (iii) the financial condition
of the Company, any of its Subsidiaries or Affiliates or any other Person
obligated in respect of any Loan Document or (iv) the performance or
observance by the Loan Parties or Affiliates or any other Person of any of
their respective obligations under any Loan Document.

1.2.                              Assignee.  The Assignee
(a) represents and warrants that (i) it has full power and authority,
and has taken all action necessary, to execute and deliver this Assignment and
to consummate the transactions contemplated hereby and to become a Lender under
the Credit Agreement, (ii) it meets all requirements of an Eligible
Assignee under the Credit Agreement, (iii) from and after the Effective
Date, it shall be bound by the provisions of the Credit Agreement and, to the
extent of the Assigned Interest, shall have the obligations of a Lender
thereunder, (iv) it has received a copy of the Credit Agreement, together
with copies of the most recent financial statements delivered pursuant to
Section 6.01 thereof, as applicable, and such other documents and
information as it has deemed appropriate to make its own credit analysis and
decision to enter into this Assignment and to purchase the Assigned Interest on
the basis of which it has made such analysis and decision, and (v) if it
is a Foreign Lender, attached hereto is any documentation required to be delivered
by it pursuant to the terms of the Credit Agreement, duly completed and
executed by the Assignee; and (b) agrees that (i) it will,
independently and without reliance on the Administrative Agent, the Collateral
Agent, the Assignor or any other Lender, and based on such documents and
information as it shall deem appropriate at the time, continue to make its own
credit decisions in taking or not taking action under the Credit Documents, and
(ii) it will perform in accordance with their terms all of the obligations
which by the terms of the Credit Documents are required to be performed by it
as a Lender.

1.3                                 Assignee’s Address for Notices, Etc. 
Attached hereto as Schedule I is all contact information, address,
account and other administrative information relating to the Assignee.

2.                                       Payments.  From and
after the Effective Date, the Administrative Agent shall make all payments in
respect of the Assigned Interest (including payments of principal,. interest,
fees and other amounts) to the Assignee whether such amounts have accrued prior
to or on or

 1
 

after the Effective Date.  The Assignor and the Assignee shall make all
appropriate adjustments in payments by the Administrative Agent for periods
prior to the Effective Date or with respect to the making of this Assignment
directly between themselves.

3.                                       General Provisions. 
This Assignment shall be binding upon, and inure to the benefit of, the
parties hereto and their respective successors and assigns. This Assignment may
be executed in any number of counterparts, which together shall constitute one
instrument. Delivery of an executed counterpart of a signature page of this
Assignment by telecopy shall be effective as delivery of a manually executed
counterpart of this Assignment. This Assignment shall be governed by, and
construed in accordance with, the law of the State of California.

 2
 

SCHEDULE 1 TO ASSIGNMENT
AND ACCEPTANCE

ADMINISTRATIVE DETAILS

(Assignee to list names of credit contacts, addresses,
phone and facsimile numbers,

electronic mail addresses and account and payment information)

 3

EXHIBIT F

INSTRUMENT OF JOINDER FOR

ADDITIONAL SUBSIDIARY BORROWERS

Dated:                     

Reference is made to that certain Amended and Restated Credit Agreement
dated as of September 22, 2006, among AECOM Technology Corporation, a Delaware
corporation (the “Company”), the Subsidiary Borrowers from time to time
party thereto (each, a “Subsidiary Borrower” and together with the
Company, the “Borrowers”), the Lenders from time to time party thereto,
Union Bank of California, N.A., as the Administrative Agent and an Issuing
Lender, Harris N.A. (successor by merger to Harris Trust and Savings Bank), as
an Issuing Bank, and Bank of Montreal, acting under its trade name BMO Capital
Markets, as the Syndication Agent (as amended, restated, extended, supplemented
or otherwise modified in writing from time to time, the “Agreement;” the
terms defined therein being used herein as therein defined).

The undersigned, a Wholly-Owned Subsidiary of the Company (“Subsidiary”)
hereby agrees to become a Subsidiary Borrower and agrees to be bound by all the
terms and conditions of the Agreement applicable to a Borrower from and after
the date hereof as if a signatory to the Agreement. Concurrently herewith,
Subsidiary is executed and delivering a duly completed joinder agreement in the
form of Exhibit A to the Master Guaranty and Intercreditor Agreement, whereby
such Subsidiary Borrower agrees to be bound by the terms and conditions of the
Master Guaranty and Intercreditor Agreement as an Obligor Subsidiary in
accordance with the terms thereof.

The undersigned Subsidiary hereby makes the representations and
warranties applicable to a Subsidiary Borrower to the matters set forth in
Section 6 of the Credit Agreement as of the date hereof.

The undersigned hereby consent to the Subsidiary becoming a party to
the Credit Agreement and the Master Guaranty and Intercreditor Agreement.  This Instrument of Joinder is executed by the
parties hereto as of the date first written above.

	
  

  	
   

  	
  [New Subsidiary Borrower]

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
   

  	
  Name:

  	
   

  	
   

  
	
   

  	
   

  	
  Title:

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  Consented:

  	
   

  	
  Existing Borrowers party to the Credit

  
	
   

  	
   

  	
  Agreement and existing Subsidiary guarantors

  
	
  UNION BANK OF CALIFORNIA, N.A.,

  	
   

  	
  party to the Master Guaranty and Intercreditor

  
	
  as Administrative Agent

  	
   

  	
  Agreement

  
	
   

  	
   

  	
   

  
	
  By:

  	
   

  	
   

  	
  By:

  	
   

  	
   

  
	
  Vice President

  	
   

  	
  Name:

  	
   

  	
   

  
	
   

  	
   

  	
  Title:

  	
   

  	
   

  
						

 

 1

EXHIBIT G

FORM OF FUNDS TRANSFER AGREEMENT

[To Be Attached]

 1

EXHIBIT H

FORM OF FUNDS TRANSFER AUTHORIZATION

[To Be Attached]

 1

EXHIBIT I

FORM OF MASTER REPETITIVE WIRE INSTRUCTION

[To Be Attached]

 1

SCHEDULE 1.01(a)

SUBSIDIARY BORROWERS AS OF EFFECTIVE DATE

Maunsell HK Holdings, Limited

AECOM UK, Limited

 1

SCHEDULE 1.01(b)

MANDATORY COST RATE

The Mandatory Cost Rate is an addition to the interest rate on a Loan
to compensate a Lender for the cost attributable to such Loan resulting from
the imposition from time to time under the Bank of England Act 1998 (the “Act”)
and/or by the Bank of England and/or the Financial Services Authority (the “FSA”)
(or other United Kingdom governmental authorities or agencies) of a requirement
to place non-interest-bearing deposits or Special Deposits (whether
interest-bearing or not) with the Bank of England and/or pay fees to the FSA
calculated by reference to liabilities used to fund such a Loan.

The Mandatory Cost Rate will be the percentage rate per annum (or the
arithmetical average of the percentage rates where there is more than one
Mandatory Cost Reference Lender supplying the same) determined by the
Administrative Agent (rounded upward, if necessary, to four decimal places) as
the rate resulting from the application (as appropriate) of the following
formulae:

(a)                                  in relation to Loans or other unpaid
amounts denominated in Sterling:

XL + S(L-D) + F x 0.01

100 - (X+S)

(b)                                 in relation to Loans or other unpaid
amounts denominated in any currency other than Sterling:

F x 0.01

300

where, in each case, on the day of application of the formula:

X                                       is the percentage of Eligible Liabilities
(in excess of any stated minimum) by reference to which such Mandatory Cost
Reference Lender is required under or pursuant to the Act to maintain cash
ratio deposits with the Bank of England;

L                                         is the rate determined in accordance with
subsection (a) of the definition of “Offshore Rate” applicable to such
Loan;

F                                         is the rate of charge payable by such
Mandatory Cost Reference Lender to the FSA pursuant to paragraphs 2.02 or 2.03
(as the case may be) of the Fees Regulations (but for this purpose the figure
at paragraph 2.02b or 2.03b (as the case may be) shall be deemed to be zero)
and expressed in pounds per £1 million of the Fee Base of such Mandatory Cost
Reference Lender;

S                                         is the level of interest-bearing Special
Deposits, expressed as a percentage of Eligible Liabilities, which such
Mandatory Cost Reference Lender is required to maintain by the Bank of England
(or other United Kingdom governmental authorities or agencies); and

 1
 

D                                       is the percentage rate per annum payable
by the Bank of England to such Mandatory Cost Reference Lender on Special
Deposits.

(X, L, S and D are to be expressed in the formula as numbers and not as
percentages. A negative result obtained from subtracting D from L shall be counted
as zero.)

The Mandatory Cost Rate for any Interest Period shall be calculated at
or about 11:00 a.m. (London time) on the first day of such Interest Period for
the duration of such Interest Period.

The determination of the Mandatory Cost Rate in relation to any
Interest Period shall, in the absence of manifest error, be conclusive and
binding on all parties hereto.

If there is any change in circumstance (including the imposition of
alternative or additional requirements, including capital adequacy requirements)
which in the reasonable opinion of the Administrative Agent renders or will
render the above formula (or any element thereof, or any defined term used
therein) inappropriate or inapplicable, the Administrative Agent shall promptly
notify the Company and the Lenders thereof and (following consultation with the
Majority Lenders) shall be entitled to vary the same with the prior written
consent of the Company, which shall not be unreasonably withheld. Any such
variation shall, in the absence of manifest error, be conclusive and binding on
all parties and shall apply from the date specified in a notice from the
Administrative Agent to the Company and the Lenders.

For the purposes of this Schedule:

The terms “Eligible
Liabilities” and “Special Deposits” shall bear the meanings ascribed to them
under or pursuant to the Act or by the Bank of England (as may be appropriate),
on the day of the application of the formula.

“Fee Base” has the
meaning ascribed to it for the purposes of, and shall be calculated in
accordance with, the Fees Regulations.

“Fees Regulations” means, as appropriate, either:

(a)                                  the Banking Supervision (Fees)
Regulations 2000; or

(b)                                 such other law or regulations as from
time to time may be in force, relating to the payment of fees for banking
supervision.

 2

SCHEDULE 2.01

COMMITMENTS

AND PRO RATA SHARES

	
  Lender

  	
   

  	
  Commitment

  	
   

  	
  Pro Rata Share

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  

 

 1

SCHEDULE 2.02

OFFSHORE CURRENCIES AS OF AMENDMENT EFFECTIVE DATE

euro

Australian Dollars

Canadian dollars

English pounds sterling

Hong Kong dollars

Japanese yen

New Zealand Dollars

Singapore Dollars

Letter of Credit Currency only

Thai Baht

 1

SCHEDULE 7.01

SUBSIDIARY FINANCIAL STATEMENTS

Domestic:

1.                                       Consoer Townsend Envirodyne Engineers,
Inc.

2.                                       DMJM + Harris, Inc.

3.                                       DMJMH+N, Inc.

4.                                       DMJM Aviation, Inc.

5.                                       Metcalf & Eddy, Inc.

6.                                       TCB Inc.

Global:

7.                                       ANZAME (Australia, New Zealand, Asia,
Middle East)

8.                                       HK/China

9.                                       Europe

 1

SCHEDULE 8.01

EXISTING LIENS

	
  Debtor

  	
   

  	
  Secured Party

  	
   

  	
  Comments

  
	
  KHN, a Joint Venture

  	
   

  	
  New England Mutual Life Insurance Co.

  	
   

  	
  Loan on Holmes & Narver Building in Orange,
  California. See Schedule 8.02, item (D)

  

 

  
 1

SCHEDULE 8.02

EXISTING INDEBTEDNESS

(See attachment)

  
 1

SCHEDULE 8.08

CERTIFICATE OF DESIGNATIONS OF

PREFERRED STOCK

INVESTORS RIGHTS AGREEMENT

REGULATORY SIDE LETTER

(see attachments)

  
 1

SCHEDULE 11.02

LENDING OFFICES AND ADDRESSES FOR NOTICES

COMPANY

AECOM
TECHNOLOGY CORPORATION

555 South Flower Street, Suite 3700

Los Angeles, California 90071-2300

	
  Attention:

  	
  Vice President, Corporate Development

  
	
   

  	
  with a copy to the Corporate Counsel

  
	
   

  	
  Telephone:      (213)
  593-8718

  
	
   

  	
  Facsimile:       (213)
  593-8730

  
	
   

  	
  Electronic Mail:  kim.gant@aecom.com

  

 

with
a copy to:

AECOM
TECHNOLOGY CORPORATION

555 South Flower Street, Suite 3700

Los Angeles, California 90071-2300

	
  Attention:

  	
  Eric Chen

  
	
   

  	
  Telephone:      (213)
  593-8719

  
	
   

  	
  Facsimile:       (213)
  593-8727

  
	
   

  	
  Electronic Mail:  eric.chen@aecom.com

  

 

  
 1
 

UNION BANK OF CALIFORNIA, N.A.

Administrative Agent’s Office and
Union Bank of California’s Lending Office

(for payments
and Requests for Extensions of Credit):

Credit Contact:

Union Bank of California,
N.A.

445 South Figueroa
Street, 15th Floor

Los Angeles,
California  90071

	
  Attn:

  	
  David J. Stassel, Vice President

  
	
  Phone:

  	
  (213) 236-7768

  
	
  Fax:

  	
  (213) 236-7635

  
	
  E-mail:

  	
  david.stassel@uboc.com

  

 

Operations
Contact:

Union Bank of
California, N.A.

Commercial Loan
Documentation Center

Mail Code
4-957-161

601 Potrero Grande
Drive, 1st Floor

Monterey Park, California  91754

	
  Attn:

  	
  Manuel Poniente

  
	
  Phone:

  	
  (323) 720-2583

  
	
  Fax:

  	
  (323) 720-2780

  
	
  E-mail:

  	
  manuel.poniente@uboc.com

  

 

Address for wire
transfers:

	
  Bank:

  	
  Union Bank of California, N.A.

  
	
  Address:

  	
  Monterey Park

  
	
  ABA Routing #

  	
  122000496

  
	
  Account Name:

  	
  Wire Transfer Clearing CLO

  
	
  Attn:

  	
  Commercial Loan Operations

  
	
  Reference:

  	
  AECOM Technology Corporation

  

 

  
 2
 

HARRIS N.A.

Address for all
communications (except wire transfers):

Harris N.A.

111 West Monroe Street

Chicago, Illinois
60603

Credit Contact:

	
  Attn:

  	
  John A. Armstrong, Vice President, or Isabella
  Battista, Vice President

  
	
  Phone:

  	
  Armstrong (312) 461-2962; Battista (312) 293-8358

  
	
  Fax:

  	
  Armstrong (312) 293-5068; Battista (312) 293-5852

  
	
  E-mail:

  	
  john.a.armstrong@bmo.com; isabella.battista@bmo.com;
  

  

 

Operations Contact:

	
  Attn:

  	
  Anita Blake

  
	
  Phone:

  	
  (312) 461-3454

  
	
  Fax:

  	
  (312) 293-5884

  
	
  E-mail:

  	
  anita.blake@bmo.com

  

 

Address for wire
transfers:

	
  Bank:

  	
  Harris N.A.

  
	
  Address:

  	
  Chicago, Illinois

  
	
  ABA Routing #

  	
  071 000 288

  
	
  Account #:

  	
  109 215 4

  
	
  Account Name:

  	
  Credit Account

  
	
  Reference:

  	
  AECOM Technology Corporation

  

 

  
 3
 

WELLS FARGO BANK, N.A.

Credit Contact:

Wells Fargo Bank, N.A.

MAC E2064-12B

333 South Grand Avenue, 12th Floor

Los Angeles,
California  90071

	
  Attn:

  	
  Vanessa Sheh Meyer, Senior Vice President, or Ling
  Li, Vice President

  
	
  Phone:

  	
  Meyer (213) 253-7318; Li (213) 253-7320

  
	
  Fax:

  	
  Meyer (213) 253-7302, Li (213) 253-7302

  
	
  E-mail:

  	
  meyerv@wellsfargo.com; lilingf@wellsfargo.com

  

 

Operations Contact:

Wells Fargo Bank, N.A.

MAC A0187-080

201 Third Street, 8th Floor

San Francisco,
California  94103

	
  Attn:

  	
  Judy Chan, Vice President and Manager

  
	
  Phone:

  	
  (415) 477-5433

  
	
  Fax:

  	
  (415) 979-0675

  
	
  E-mail:

  	
  chanj@wellsfargo.com

  

 

  
 4
 

Address for wire transfers:

	
  Bank:

  	
  Wells Fargo Bank, N.A.

  
	
  Address:

  	
  San Francisco, California

  
	
  ABA Routing #

  	
  121-000-248

  
	
  Account #:

  	
  271-2507201

  
	
  Account Name:

  	
  MEMSYN

  
	
  Reference:

  	
  AECOM Technology Corp. Obligor # to be determined.

  

 

  
 5
 

U.S. BANK NATIONAL ASSOCIATION

Credit Contact:

U.S. Bank National Association

National Corporate Banking West

Mail Code: PD-OR-P4CB

555 SW Oak Street, 4th Floor

Portland, Oregon  97204

	
  Attn:

  	
  Janet E. Jordan, Vice President or Conan Schleicher

  
	
  Phone:

  	
  Jordan (503) 275-5871; Schleicher (503) 275-5101

  
	
  Fax:

  	
  (503) 275-5428

  
	
  E-mail:

  	
  janet.jordan@usbank.com; conan.schleicher@usbank.com

  

 

Operations Contact:

U.S. Bank National Association

Commercial Loan Servicing Department

Mail Code: PD-OR-P7LN

555 SW Oak Street

Portland, Oregon  97204

	
  Attn:

  	
  Lennie Regalado, or Hanny Nawawi

  
	
  Phone:

  	
  Regalado (503) 275-4395; Nawawi (503) 275-7894

  
	
  Fax:

  	
  (503) 275-4600

  
	
  E-mail:

  	
  lennie.regalado@usbank.com; hanny.nawawi@usbank.com

  

 

  
 6
 

Letters of Credit Contact

U.S. Bank National Association

International Banking Division

111 S.W. Fifth Street, Mail Code PD-OR-T5CE

Portland, Oregon  97204

	
  Attn:

  	
  Nancy Tousignant, Vice President

  
	
  Phone:

  	
  (503) 275-7951

  
	
  Fax:

  	
  (503) 275-5132

  
	
  E-mail:

  	
  nancy.tousignant@usbank.com

  

 

  
 7
 

Address for wire transfers:

	
  Bank:

  	
  U.S. Bank National Association

  
	
  Address:

  	
  Portland, Oregon

  
	
  ABA Routing #

  	
  123-000-220

  
	
  Account #:

  	
  00340012160600

  
	
  Account Name:

  	
  Commercial Loan Servicing West

  
	
  Attn:

  	
  Lennie Regalado

  
	
  Reference:

  	
  AECOM

  

 

  
 8
 

LASALLE BANK NATIONAL ASSOCIATION

Address for all communications (except wire
transfers):

LaSalle Bank National Association

135 S. LaSalle Street

Chicago, Illinois 60603

Credit Contact:

	
  Attn:

  	
  Steve Trepiccione or John M. O’Connell

  
	
  Phone:

  	
  Trepiccione (312) 904-7824; O’Connell (312) 904-9214

  
	
  Fax:

  	
  (312) 904-6021

  
	
  E-mail:

  	
  steve.trepiccione@abnamro.com;
  john.m.o’connell@abnamro.com

  

 

Operations Contact:

	
  Attn:

  	
  Joyce Fitzgibbons on Jeanette Lahart

  
	
  Phone:

  	
  Fitzgibbons (312) 992-1631; Lahart (312) 904-0598

  
	
  Fax:

  	
  (312) 904-6373

  
	
  E-mail:

  	
  joyce.fitzgibbons@abnamro.com;
  jeanette.lahart@abnamro.com

  

 

  
 9
 

Address for wire
transfers:

	
  Bank:

  	
  LaSalle Bank National Association

  
	
  Address:

  	
  Chicago, Illinois

  
	
  ABA Routing #

  	
  122 000 496

  
	
  Account #:

  	
  77070 196431

  
	
  Attn:

  	
  Commercial Loan Operations

  
	
  Reference:

  	
  AECOM Technology Corp.

  

 

  
 10
 

CITY NATIONAL BANK

Credit Contact:

City National Bank

555 South Flower Street, 16th Floor

Los Angeles,
California  90071

	
  Attn:

  	
  Brandon Feitelson

  
	
  Phone:

  	
  (213) 673-9016

  
	
  Fax:

  	
  (213) 673-9801

  
	
  E-mail:

  	
  brandon.feitelson@cnb.com

  

 

Operations Contact:

City National Bank

831 S. Douglas Street

Suite 100

El Segundo, California
90245

	
  Attn:

  	
  Jennifer Dator-Danas

  
	
  Phone:

  	
  (310) 297-8078

  
	
  Fax:

  	
  (310) 297-8062

  

 

  
 11
 

Address for wire transfers:

	
  Bank:

  	
  City National Bank

  
	
  ABA Routing #

  	
  122-016-066

  
	
  Account #:

  	
  101-306674

  
	
  Reference:

  	
  AECOM Technology Corp.

  

 

  
 12
 

HSBC BANK USA

Credit Contact:

HSBC Bank USA

452 Fifth Ave., 5th Floor

New York, New York 10018

	
  Attn:

  	
  George Linhart or Chris Croker

  
	
  Phone:

  	
  Linhart (212) 525-3326; Croker (212) 525-2605

  
	
  Fax:

  	
  (212) 525-2479

  
	
  E-mail:

  	
  george.linhart@us.hsbc.com;
  christopher.j.croker@us.hasbc.com

  

 

Operations Contact:

HSBC Bank USA

One HSBC Center, 26th Floor

Buffalo, New York 14203

	
  Attn:

  	
  Donna L. Riley or Maria Mendez Tadak

  
	
  Phone:

  	
  Riley (716) 841-4178; Tadak (716) 841-2291

  
	
  Fax:

  	
  (716) 841-0269

  

 

  
 13
 

Address for wire transfers:

	
  Bank:

  	
  HSBC Bank USA

  
	
  ABA Routing #

  	
  021001088

  
	
  Account #:

  	
  001-940503

  
	
  Account Name:

  	
  Syndication & Asset Group

  
	
  Attn:

  	
  Donna L. Riley

  
	
  Reference:

  	
  AECOM

  

 

  
 14
 

AMEGY BANK, N.A.

Address for all communications (except wire
transfers):

Amegy Bank, N.A.

P.O. Box 27459

Houston, Texas 77227-7459

Credit Contact:

	
  Attn:

  	
  Gary Tolbert or Blake Stoehr

  
	
  Phone:

  	
  Tolbert (713) 235-8855; Stoehr (713) 232-2079

  
	
  Fax:

  	
  (713) 561-0343

  
	
  E-mail:

  	
  gtolbert@swbanktx.com; bstoehr@swbanktx.com

  

 

Operations Contact:

	
  Attn:

  	
  Maxine Hunter or Faye Cain

  
	
  Phone:

  	
  Hunter (713) 232-6355; Cain (713) 232-6363

  
	
  Fax:

  	
  (713) 693-7467

  
	
  E-mail:

  	
  mhunter@swbanktx.com; fcain@swbanktx.com

  

 

  
 15
 

Address for wire transfers:

(Fed Wire Payment
Instructions)

	
  Bank:

  	
  Amegy Bank, N.A.

  
	
  ABA Routing #

  	
  113 011 258

  
	
  Account #:

  	
  1000527

  
	
  Account Name:

  	
  Loans Wire Clearing

  
	
  Attn:

  	
  Maxine Hunter

  
	
  Reference:

  	
  AECOM Technology Corp.

  

 

(Standby Letter of Credit
Wire Payment Instructions)

	
  Bank:

  	
  Amegy Bank, N.A.

  
	
  ABA Routing #

  	
  112 011 258

  
	
  Account #:

  	
  1000527

  
	
  Account Name:

  	
  Loans Wire Clearing

  
	
  Attn:

  	
  Maxine Hunter

  
	
  Reference:

  	
  AECOM Technology Corp.

  

 

  
 16
 

BNP PARIBAS

Credit Contact:

	
  BNP Paribas

  
	
  One Front Street, 23rd Floor

  
	
  San Francisco, California 94111

  
	
   

  	
   

  
	
  Attn:

  	
  Jaime Dillon

  
	
  Phone:

  	
  (415) 772-1366

  
	
  Fax:

  	
  (415) 291-0563

  
	
  E-mail:

  	
  jaime.dillon@americas.bnpparibas.com

  

 

Operations Contact (with a copy to Credit Contact):

BNP Paribas

919 Third Avenue, 3rd Floor

New York, New York 10022

	
  Attn:

  	
  Thomas Kunz

  
	
  Phone:

  	
  (212) 471-6655

  
	
  Fax:

  	
  (212) 841-2682

  
	
  E-mail:

  	
  thomas.kunz@americas.bnpparibas.com

  

 

  
 17
 

Address for wire transfers:

	
  Bank:

  	
  BNP Paribas New York

  
	
  ABA Routing #

  	
  026007689 (CHIPS: 768)

  
	
  F/O

  	
  BNP Paribas San Francisco

  
	
  Account #:

  	
  521 315 434 01

  
	
  Attn:

  	
  San Francisco Loan Operations

  
	
  Reference:

  	
  AECOM Technology Corporation

  

 

  
 18
 

BANK OF AMERICA, N.A.

Credit Contact:

Bank of America, N.A.

Mail Code: 
CA9-194-24-05

333 South Hope Street, 24th Floor

Los Angeles, CA 90071

	
  Attn:

  	
  Robert W. (Bob) Troutman or G. Scott Lambert

  
	
  Phone:

  	
  Troutman (213) 621-8765; Lambert (213) 621-8766

  
	
  Fax:

  	
  (213) 621-8793

  
	
  E-mail:

  	
  bob.troutman@bankofamerica.com;
  scott.lambert@bankofamerica.com

  

 

Operations Contact:

Bank of America, N.A.

CA4-702-02-05, Bldg. B

2001 Clayton Road

Concord, CA 94520-2405

	
  Attn:

  	
  Christina F. (Tina) Obcena

  
	
  Phone:

  	
  (925) 675-8788

  
	
  Fax:

  	
  (888) 969-9246

  
	
  E-mail:

  	
  tina.obcena@bankofamerica.com

  

 

  
 19
 

Address for wire transfers:

	
  Bank:

  	
  Bank of America

  
	
  ABA Routing #

  	
  026009593

  
	
  Account #:

  	
  3750836479

  
	
  Account Name:

  	
  Credit Services West

  
	
  Attn:

  	
  Tina Obcena

  
	
  Reference:

  	
  AECOM Technology

  

 

  
 20
 

THE NORTHERN TRUST
COMPANY

Credit Contact:

The Northern Trust Company

50 S. LaSalle Street

Chicago, IL 60675

	
  Attn:

  	
  John Burda

  
	
  Phone:

  	
  (312) 557-3455

  
	
  Fax:

  	
  (312) 444-7028

  
	
  E-mail:

  	
  JEB4@NTRS.COM

  

 

Operations Contact:

The Northern Trust Company

801 South Canal

Chicago, Illinois 60675

	
  Attn:

  	
  Mike Lorenzi

  
	
  Phone:

  	
  (312) 557-1840

  
	
  Fax:

  	
  (312) 630-1566

  
	
  E-mail:

  	
  ML29@NTRS.COM

  

 

  
 21
 

Address for wire transfers:

	
  Bank:

  	
  The Northern Trust Bank

  
	
  Address:

  	
  Chicago, Illinois

  
	
  ABA Routing #

  	
  071-000-152

  
	
  Account #:

  	
  5186401000

  
	
  Account Name:

  	
  Commercial Loans

  
	
  Reference:

  	
  Maunsell

  

 

  
 22Exhibit 10.2

 

Term Credit Agreement

Dated as of September 22, 2006

among

Maunsell HK Holdings, Ltd.,

Faber Maunsell Limited,

W.E. Bassett & Partners Pty. Ltd.,

Maunsell Group Limited,

and

Maunsell Australia Pty Ltd., 

as the Borrowers,

Union Bank of California, N.A., 

as the Administrative Agent,

BMO Capital Markets,

as Co-Lead Arrangers and Co-Book Managers

Bank of Montreal,

acting under its trade name

BMO Capital Markets, 

as the Syndication Agent

and

The Other Financial

Institutions Party Hereto

Union
Bank of California, N.A.

 

  TABLE OF CONTENTS
  	  SECTION 1.
  	    DEFINITIONS AND RELATED MATTERS
  	   
  	  1
  
	   
  	   
  	   
  	   
  	   
  
	  1.01
  	   
  	  Definitions
  	   
  	  1
  
	  1.02
  	   
  	  Other Interpretive Provisions
  	   
  	  23
  
	  1.03
  	   
  	  Exchange Rates; Currency Equivalents
  	   
  	  24
  
	  1.04
  	   
  	  Extensions of Credit in Offshore Currencies
  	   
  	  24
  
	   
  	   
  	   
  	   
  	   
  
	  SECTION 2.
  	    THE CREDIT
  	   
  	  25
  
	   
  	   
  	   
  	   
  	   
  
	  2.01
  	   
  	  Term Loan – Amount and Terms
  	   
  	  25
  
	  2.02
  	   
  	  Loan Accounts and Notes
  	   
  	  26
  
	  2.03
  	   
  	  Conversions and Continuations of Loans
  	   
  	  27
  
	  2.04
  	   
  	  Optional Prepayments
  	   
  	  27
  
	  2.05
  	   
  	  Repayment of Principal
  	   
  	  28
  
	  2.06
  	   
  	  Interest
  	   
  	  28
  
	  2.07
  	   
  	  Fees
  	   
  	  29
  
	  2.08
  	   
  	  Computation of Fees and Interest
  	   
  	  29
  
	  2.09
  	   
  	  Payments by the Borrowers
  	   
  	  30
  
	  2.10
  	   
  	  Payments by Lenders to Administrative Agent
  	   
  	  30
  
	  2.11
  	   
  	  Sharing of Payments, Etc
  	   
  	  31
  
	  2.12
  	   
  	  Guaranty
  	   
  	  32
  
	   
  	   
  	   
  	   
  	   
  
	  SECTION 3.
  	    INTENTIONALLY OMITTED
  	   
  	  32
  
	   
  	   
  	   
  	   
  	   
  
	  SECTION 4.
  	    TAXES, YIELD PROTECTION AND ILLEGALITY
  	   
  	  32
  
	   
  	   
  	   
  	   
  	   
  
	  4.01
  	   
  	  Taxes
  	   
  	  32
  
	  4.02
  	   
  	  Increased Costs and Reduction of Return
  	   
  	  34
  
	  4.03
  	   
  	  Illegality
  	   
  	  34
  
	  4.04
  	   
  	  Inability to Determine Rates
  	   
  	  35
  
	  4.05
  	   
  	  Funding Losses
  	   
  	  35
  
	  4.06
  	   
  	  Certificates of Lenders
  	   
  	  35
  
	  4.07
  	   
  	  Substitution of Lenders
  	   
  	  36
  
	  4.08
  	   
  	  Survival
  	   
  	  36
  
	   
  	   
  	   
  	   
  	   
  
	  SECTION 5.
  	    CONDITIONS TO LOANS AND LETTERS OF
  CREDIT
  	   
  	  36
  
	   
  	   
  	   
  	   
  	   
  
	  5.01
  	   
  	  Conditions Precedent to Loans
  	   
  	  36
  
	  5.02
  	   
  	  Conditions for a Subsidiary Becoming a Guarantor
  	   
  	  38
  
	   
  	   
  	   
  	   
  	   
  
	  SECTION 6.
  	    REPRESENTATIONS AND WARRANTIES
  	   
  	  39
  
	   
  	   
  	   
  	   
  	   
  
	  6.01
  	   
  	  Organization, Powers and Good Standing
  	   
  	  39
  
	  6.02
  	   
  	  Authorization, Binding Effect, No Conflict, Etc
  	   
  	  40
  

   

 i
 

     
  	  6.03
  	   
  	  Financial Information
  	   
  	  41
  
	  6.04
  	   
  	  No Material Adverse Effect
  	   
  	  41
  
	  6.05
  	   
  	  Litigation
  	   
  	  41
  
	  6.06
  	   
  	  Agreements; Applicable Law
  	   
  	  41
  
	  6.07
  	   
  	  Taxes
  	   
  	  41
  
	  6.08
  	   
  	  Governmental Regulation
  	   
  	  42
  
	  6.09
  	   
  	  Margin Regulations
  	   
  	  42
  
	  6.10
  	   
  	  Employee Benefit Plans
  	   
  	  42
  
	  6.11
  	   
  	  Title to Property; Liens
  	   
  	  42
  
	  6.12
  	   
  	  Intentionally Omitted
  	   
  	  42
  
	  6.13
  	   
  	  Licenses, Trademarks; Etc
  	   
  	  42
  
	  6.14
  	   
  	  Environmental Condition
  	   
  	  42
  
	  6.15
  	   
  	  Solvency
  	   
  	  42
  
	  6.16
  	   
  	  Absence of Certain Restrictions
  	   
  	  42
  
	  6.17
  	   
  	  Labor Matters
  	   
  	  43
  
	  6.18
  	   
  	  Full Disclosure
  	   
  	  43
  
	  6.19
  	   
  	  Tax Shelter Regulations
  	   
  	  43
  
	   
  	   
  	   
  	   
  	   
  
	  SECTION 7.
  	    AFFIRMATIVE COVENANTS
  	   
  	  43
  
	   
  	   
  	   
  	   
  	   
  
	  7.01
  	   
  	  Financial Statements
  	   
  	  43
  
	  7.02
  	   
  	  Certificates; Other Information
  	   
  	  43
  
	  7.03
  	   
  	  Notices
  	   
  	  44
  
	  7.04
  	   
  	  Records and Inspection
  	   
  	  44
  
	  7.05
  	   
  	  Corporate Existence, Etc
  	   
  	  45
  
	  7.06
  	   
  	  Payment of Taxes
  	   
  	  45
  
	  7.07
  	   
  	  Maintenance of Properties
  	   
  	  45
  
	  7.08
  	   
  	  Maintenance of Insurance
  	   
  	  45
  
	  7.09
  	   
  	  Conduct of Business
  	   
  	  45
  
	  7.10
  	   
  	  Further Assurances
  	   
  	  46
  
	  7.11
  	   
  	  Subordination of Intercompany Loans and Advances to
  the Borrowers
  	   
  	  46
  
	  7.12
  	   
  	  Payment of Obligations
  	   
  	  46
  
	  7.13
  	   
  	  Compliance with Laws
  	   
  	  46
  
	  7.14
  	   
  	  Environmental Laws
  	   
  	  46
  
	  7.15
  	   
  	  Solvency
  	   
  	  47
  
	  7.16
  	   
  	  Use of Proceeds
  	   
  	  47
  
	  7.17
  	   
  	  Additional Guarantors
  	   
  	  47
  
	   
  	   
  	   
  	   
  	   
  
	  SECTION 8.
  	    NEGATIVE COVENANTS
  	   
  	  47
  
	   
  	   
  	   
  	   
  	   
  
	  8.01
  	   
  	  Liens
  	   
  	  47
  
	  8.02
  	   
  	  Indebtedness
  	   
  	  49
  
	  8.03
  	   
  	  Restricted Payments
  	   
  	  51
  
	  8.04
  	   
  	  Investments
  	   
  	  51
  
	  8.05
  	   
  	  Financial Covenants
  	   
  	  52
  
	  8.06
  	   
  	  Restriction on Fundamental Changes
  	   
  	  53
  
	  8.07
  	   
  	  Asset Dispositions
  	   
  	  54
  

   

 ii
 

     
  	  8.08
  	   
  	  Reserved
  	   
  	  55
  
	  8.09
  	   
  	  Restrictive Agreements
  	   
  	  55
  
	  8.10
  	   
  	  Change in Business
  	   
  	  55
  
	  8.11
  	   
  	  Accounting Changes
  	   
  	  55
  
	   
  	   
  	   
  	   
  	   
  
	  SECTION 9.
  	    EVENTS OF DEFAULT
  	   
  	  55
  
	   
  	   
  	   
  	   
  	   
  
	  9.01
  	   
  	  Events of Default
  	   
  	  55
  
	  9.02
  	   
  	  Remedies
  	   
  	  57
  
	   
  	   
  	   
  	   
  	   
  
	  SECTION 10.
  	    ADMINISTRATIVE AGENT
  	   
  	  58
  
	   
  	   
  	   
  	   
  	   
  
	  10.01
  	   
  	  Appointment and Authorization
  	   
  	  58
  
	  10.02
  	   
  	  Delegation of Duties
  	   
  	  58
  
	  10.03
  	   
  	  Liability of Administrative Agent
  	   
  	  58
  
	  10.04
  	   
  	  Reliance by Administrative Agent
  	   
  	  59
  
	  10.05
  	   
  	  Notice of Default
  	   
  	  59
  
	  10.06
  	   
  	  Credit Decision
  	   
  	  59
  
	  10.07
  	   
  	  Indemnification
  	   
  	  60
  
	  10.08
  	   
  	  Administrative Agent in Individual Capacity
  	   
  	  61
  
	  10.09
  	   
  	  Successor Administrative Agent
  	   
  	  61
  
	  10.10
  	   
  	  Arranger
  	   
  	  61
  
	   
  	   
  	   
  	   
  	   
  
	  SECTION 11.
  	    MISCELLANEOUS
  	   
  	  61
  
	   
  	   
  	   
  	   
  	   
  
	  11.01
  	   
  	  Amendments and Waivers
  	   
  	  61
  
	  11.02
  	   
  	  Transmission and Effectiveness of Communications and
  Signatures.
  	   
  	  62
  
	  11.03
  	   
  	  No Waiver; Cumulative Remedies
  	   
  	  63
  
	  11.04
  	   
  	  Costs and Expenses
  	   
  	  64
  
	  11.05
  	   
  	  Indemnity and Reimbursements
  	   
  	  64
  
	  11.06
  	   
  	  Marshalling; Payments Set Aside
  	   
  	  66
  
	  11.07
  	   
  	  Successors and Assigns
  	   
  	  66
  
	  11.08
  	   
  	  Assignments, Participations, Etc
  	   
  	  66
  
	  11.09
  	   
  	  Set-Off
  	   
  	  70
  
	  11.10
  	   
  	  Notification of Addresses, Lending Offices, Etc
  	   
  	  70
  
	  11.11
  	   
  	  Counterparts
  	   
  	  70
  
	  11.12
  	   
  	  Severability
  	   
  	  70
  
	  11.13
  	   
  	  No Third Parties Benefited
  	   
  	  70
  
	  11.14
  	   
  	  Time
  	   
  	  70
  
	  11.15
  	   
  	  Governing Law and Jurisdiction
  	   
  	  71
  
	  11.16
  	   
  	  Waiver of Jury Trial
  	   
  	  71
  
	  11.17
  	   
  	  Entire Agreement
  	   
  	  71
  
	  11.18
  	   
  	  Obligations Joint and Several; Appointment of
  Administrative Borrower; Certain Waivers
  	   
  	  72
  
	  11.19
  	   
  	  USA PATRIOT Act Notice
  	   
  	  76
  

   

 iii
 

     
  	  EXHIBITS
  	   
  	   
  	   
  
	   
  	   
  	   
  	   
  	   
  
	   
  	   
  	  Form of
  	   
  	   
  
	   
  	   
  	   
  	   
  	   
  
	  A
  	   
  	  Form of Request for Extension of Credit
  	   
  	   
  
	  B
  	   
  	  Form of Request for Conversion/Continuation
  	   
  	   
  
	  C
  	   
  	  Form of Note
  	   
  	   
  
	  D
  	   
  	  Master Guaranty
  	   
  	   
  
	  E
  	   
  	  Form of Assignment and Acceptance
  	   
  	   
  
	   
  	   
  	   
  	   
  	   
  
	  SCHEDULES
  	   
  	   
  	   
  
	   
  	   
  	   
  	   
  	   
  
	  1.01
  	   
  	  Mandatory Cost Rate
  	   
  	   
  
	  2.01
  	   
  	  Commitments and Pro Rata Shares
  	   
  	   
  
	  2.02
  	   
  	  Offshore Currencies
  	   
  	   
  
	  6.01
  	   
  	  Subsidiaries; Partnerships and Joint Ventures
  	   
  	   
  
	  6.05
  	   
  	  Litigation
  	   
  	   
  
	  6.06
  	   
  	  Violations of Applicable Law or Agreements
  	   
  	   
  
	  6.07
  	   
  	  Taxes
  	   
  	   
  
	  6.10
  	   
  	  Employee Benefit Plans
  	   
  	   
  
	  6.12
  	   
  	  Capitalization and Ownership
  	   
  	   
  
	  6.13
  	   
  	  Licenses, Trademarks, Etc
  	   
  	   
  
	  6.14
  	   
  	  Environmental Condition
  	   
  	   
  
	  6.17
  	   
  	  Labor Matters
  	   
  	   
  
	  8.01
  	   
  	  Existing Liens
  	   
  	   
  
	  8.02
  	   
  	  Existing Indebtedness
  	   
  	   
  
	  11.02
  	   
  	  Addresses and Lending Offices
  	   
  	   
  

   

 iv

TERM CREDIT AGREEMENT

This TERM CREDIT AGREEMENT is entered into as of September 22,
2006 (as amended, supplemented or modified from time to time, the “Agreement”)
among Maunsell HK Holdings, Ltd., a limited company organized under the laws of
Hong Kong (“MHKHL”), Faber Maunsell Limited, a limited company organized under
the laws of the United Kingdom (“FML”), W.E. Bassett & Partners Pty.
Ltd., a limited company organized under the laws of Australia (“WEBPPL”),
Maunsell Group Limited, a limited company organized under the laws of New
Zealand (“MGL”), and Maunsell Australia Pty Ltd., a limited company organized
under the laws of Australia (“MAPL”) (each, a “Borrower” and
collectively, the “Borrowers”), the several financial institutions from
time to time parties hereto (hereinafter collectively referred to as the “Lenders”
and individually as a “Lender”), Union Bank of California, N.A., as
administrative agent (the “Administrative Agent”) and Bank of Montreal,
acting under its trade name BMO Capital Markets, as the syndication agent (the “Syndication
Agent”).

RECITALS

A.                                   The Borrowers have requested that the
Lenders make a term loan to the Borrowers on the Closing Date in the aggregate
original principal amount of up to $65,000,000, in dollars or in such combination
of offshore currencies as the Borrowers may request.  A portion of the proceeds of such loan would
be used by the Borrowers to finance the payment of a cash dividend to the
Parent in connection with the repatriation of undistributed earnings of certain
of the Borrowers under the American Jobs Creation Act of 2004 and to pay
closing fees and expenses associated with such loan or dividend.

B.                                     The Lenders are willing to provide such
term loan to the Borrowers for such purpose on the terms and conditions set
forth below.

NOW, THEREFORE, in consideration of the mutual agreements, provisions
and covenants contained herein, the parties agree as follows:

SECTION
1.  DEFINITIONS
AND RELATED MATTERS

1.01                        Definitions. 
Terms used in this Agreement shall have the respective meanings set
forth in this Section 1.01, in the sections of this Agreement or in
the other Loan Documents.

“Administrative Agent” means Union Bank in its capacity as
Administrative Agent for the Lenders hereunder, and any successor Administrative
Agent.

“Administrative Agent-Related Persons” means the Administrative
Agent and any successor Administrative Agent arising under Section 10.09,together
with their respective Affiliates, and the officers, directors, employees,
agents and attorneys-in-fact of such Persons and Affiliates.

“Administrative Agent’s Office” means the address for payments
set forth on the signature page hereto in relation to the Administrative Agent
or such other address as the Administrative Agent may from time to time specify
in accordance with Section 11.02.

 1
 

“Administrative Borrower” means FML, in its capacity as the
representative of the Borrowers for the purpose of requesting the Borrowing
hereunder on behalf of the Borrowers and otherwise for convenience of loan
administration.

“Affected Lender” has the meaning specified in Section 4.07.

“Affiliate” means, with respect to a Person, any other Person
that, directly or indirectly through one or more intermediaries, controls, or
is controlled by, or is under common control with, such first Person.  The term “control” means the possession,
directly or indirectly, of the power, whether or not exercised, (a) to
vote more than ten percent (10%) of the securities having voting power for
the election of directors of such Person or (b) to direct or cause the
direction of the management or policies of a Person, whether through the
ownership of voting securities or other equity interests, by contract or
otherwise, and the terms “controlled” and “common control” shall have
correlative meanings.  Notwithstanding
the foregoing provisions of this definition, in no event shall the trustee
under any Plan, any Lender or the Administrative Agent be deemed to be an
Affiliate of the Parent or any of its Subsidiaries.

“Agreement” shall have the meaning ascribed to it in the
preamble hereto.

“Applicable Law” means all applicable provisions of all
(a) constitutions, treaties, statutes, laws, rules, regulations,
ordinances and orders of any Governmental Authority, (b) Governmental
Approvals and (c) orders, decisions, judgments, awards and decrees of any
Governmental Authority.

“Applicable Margin” at any time shall have meaning set forth in
the Parent Credit Agreement, irrespective of whether the Parent Credit
Agreement is then in effect.

“Arrangers” means, collectively, Union Bank and Bank of
Montreal, acting under its trade name BMO Capital Markets, in their respective
capacities as Co-Lead Arrangers and Co-Book Managers.

“Asset Disposition” means any sale, assignment, transfer, lease
or other disposition (including without limitation any Sale-Leaseback
Transaction and any sale or other disposition effected by way of merger or
consolidation (other than a merger or consolidation permitted pursuant to Section 8.06)
but not including any sale or other disposition by any Subsidiary to a
Borrower, Guarantor (excluding the Parent) or a Wholly-Owned Subsidiary of a
Borrower or Guarantor (excluding the Parent)) in any single transaction or
series of related transactions, of (a) all or substantially all of the
Capital Stock of any Subsidiary of a Borrower or Guarantor (excluding the
Parent), (b) all or substantially all of the assets of a Borrower,
Guarantor (excluding the Parent) or any Subsidiary of such Borrower or
Guarantor (excluding the Parent), (c) all or substantially all of the
assets of a division or comparable business segment of a Borrower, Guarantor
(excluding the Parent) or any Subsidiary of a Borrower or Guarantor (excluding
the Parent) or (d) any other asset or assets if the aggregate amount of Net
Cash Proceeds and the fair value of Non-Cash Proceeds from the sale or other
disposition of such asset or assets, together with the Net Cash Proceeds and
the fair value of Non-Cash Proceeds of any other sale or other disposition of
assets of a Borrower, Guarantor (excluding the Parent) or any Subsidiary of a
Borrower or Guarantor (excluding the Parent) in a series of related
transactions,

 2
 

exceeds $2,500,000 in the aggregate and not previously
included as an Asset Disposition except that this clause (d) shall not
include (i) sales or other dispositions of inventory held or purchased for
sale to others, or other property that has become obsolete or worn out, in each
case in the ordinary course of business; (ii) the sale or other
disposition in the ordinary course of business of equipment (including without
limitation fixtures, motor vehicles, and other property used or useful in the
performance of projects by a Borrower, Guarantor (excluding the Parent) or any
Subsidiary of a Borrower or Guarantor (excluding the Parent)) upon project
completion or termination or when such equipment is otherwise no longer useful
in the performance of projects, provided that such Borrower, Guarantor
(excluding the Parent) or Subsidiary of a Borrower or Guarantor (excluding the
Parent) has plans to use the amount of proceeds from such sale or other
disposition to purchase other equipment for use in the same or other projects;
or (iii) subleases or leases of office space in the ordinary course of
business consistent with past practices.

“Assignment and Assumption” means an Assignment and Assumption
substantially in the form of Exhibit E.

“Attorney Costs” means and includes all reasonable fees and
disbursements of any law firm or other external counsel, the allocated cost of
internal legal services and all disbursements of internal counsel.

“Bankruptcy Code” means Title 11 of the United States Code
(11 U.S.C. Section 101 et seq.), as
amended from time to time, or any successor statute.

“Base Rate” means the higher of: 
(a) the rate of interest publicly announced from time to time by
Union Bank as its “reference rate,” which is a rate set by Union Bank based
upon various factors including Union Bank’s costs and desired return, general
economic conditions and other factors, and is used as a reference point for
pricing some loans, which may be priced at, above, or below such announced
rate; and (b) one-half percent per annum above the Federal Funds
Rate.  Any change in the reference rate
announced by Union Bank shall take effect at the opening of business on the day
specified in the public announcement of such change.

“Base Rate Loan” means a Loan, or any portion thereof, that
bears interest at a rate determined by reference to the Base Rate.

“Borrowers” shall have the meaning ascribed to it in the
preamble hereto.

“Borrowing” means the borrowing hereunder consisting of Loans
made to the Borrowers on the Closing Date by the Lenders pursuant to Section 2.

“Borrower Party” means any Borrower or any Guarantor from time
to time party to a Loan Document.

“Business Day”
means:

(a)                                  any day other than a Saturday, Sunday or
other day on which commercial banks are authorized or required by law to close
in the state where the Administrative Agent’s Office

 3
 

with respect to Obligations denominated in Dollars is
located or in the jurisdiction in which the main office of any Borrower or
Guarantor is located;

(b)                                 if the applicable Business Day relates to
an Offshore Currency Loan denominated in euro, such a day shall also be a
TARGET Day; and

(c)                                  if the applicable Business Day relates to
any Offshore Rate Loan denominated in an Offshore Currency other than euro,
such a day shall also be a day on which dealings in deposits denominated in
Dollars or the applicable Offshore Currency are carried out in London or by Union
Bank’s Lending Office in the country of such Offshore Currency or such other
office as may be designated for such purpose by Union Bank or the
Administrative Agent.

“Capital Adequacy Regulation” means any guideline, request or
directive of any central bank or other Governmental Authority, or any other
law, rule or regulation, whether or not having the force of law, in each case,
regarding capital adequacy of any bank or of any corporation controlling a
bank.

“Capital Expenditures” means, for any period, the aggregate of
all expenditures (whether paid in cash or accrued as liabilities during that
period and including Capitalized Lease Obligations of the Parent and its
Subsidiaries during such period) that, in conformity with GAAP, are required to
be capitalized and reflected in the property, plant and equipment or similar
fixed asset accounts in the consolidated balance sheet of the Parent and its
Subsidiaries; provided, however, that any such expenditures for
which another Person is contractually obligated to pay or otherwise reimburse
the Parent shall be excluded from the definition of Capital Expenditures.

“Capital Stock” of any Person means any and all shares,
interests, participations or other equivalents (howsoever designated) of
capital stock and any rights (other than debt securities convertible into
capital stock), warrants or options to acquire capital stock.

“Capitalized Lease” means any lease (or other agreement
conveying the right to use) of real or personal property by a Person as lessee
or guarantor which would, in conformity with GAAP, be required to be accounted
for as a capital lease on the balance sheet of that Person.

“Capitalized Lease Obligations” means all obligations under
Capitalized Leases of a Person that would, in conformity with GAAP, appear on a
balance sheet of that Person.

“Class F Preferred Stock” means the Class F Convertible
Preferred Stock, par value $0.01 per share, of the Parent.

“Class G Preferred Stock” means the Class G Convertible
Preferred Stock, par value $0.01 per share, of the Parent.

“Closing Date” means the date on which all conditions precedent
to the effectiveness of this Agreement set forth in Section 5 are
satisfied or waived by all the Lenders. 
The Administrative Agent shall notify the Borrowers and the Lenders of
the date which is the Closing Date.

 4
 

“Code” means the Internal Revenue Code of 1986, as amended from
time to time, or any successor or superseding tax laws of the United States of
America, together with all regulations promulgated thereunder.

“Commitment” means $65,000,000. 
The respective Pro Rata Shares of the Lenders with respect to the
Commitment are set forth in Schedule 2.01.

“Common Stock” means the common stock of the Parent.

“Common Stock Units” means the common stock units of the Parent
issued from time to time pursuant to the Parent’s Stock Purchase Plan dated
June 1, 1991, as amended from time to time.

“Consolidated EBITDA” means, for any measurement period, an
amount equal to the sum of (a) Consolidated Net Income for
the period, plus (b) Consolidated Interest Expense for such period,
plus (c) 100% of the principal contributions for such period
accrued for stock match programs for employees, consultants and Directors for
purchases of the Parent’s Capital Stock, plus (d) the amount of
Taxes expensed, based on or measured by income, used or included in the
determination of Consolidated Net Income for such period, plus
(e) the amount of depreciation and amortization expense deducted in
determining Consolidated Net Income for such period, plus (f) non-cash
extraordinary losses included in the determination of Consolidated Net Income
for such period, plus (g) non-cash expenses associated with the
Senior Executive Equity Investment Program and other stock-based compensation
expense (including stock appreciation rights) for such period, minus
(h) extraordinary gains included in the determination of Consolidated Net
Income for such period, minus (i) non-cash interest income
associated with the Senior Executive Equity Investment Program for such period;
provided, however, that with respect to a Subsidiary acquired
within such measurement period or any proposed Investment pursuant to Section 8.04(i),
the Parent may also include items (a) through (g) above for such
acquired Subsidiary or such proposed Investment for the entire measurement
period in Consolidated EBITDA for the measurement period to the extent that
either:

(A)                              the Parent has provided to the
Administrative Agent (1) financial statements for that entity for the
portion of such measurement period occurring prior to its acquisition or
proposed acquisition and (2) the most recent year-end audited financial
statements for that entity (which audited statements must be as of a date
occurring within five fiscal quarters prior to the acquisition date (even if
such date is prior to the measurement period and, therefore, such audited
statements are not actually used in computing Consolidated EBITDA for such
measurement period)); or

(B)                                if the Parent has not provided to
the Administrative Agent the audited financial statements for the entity
described in clause (A)(2) above, but the Parent has provided to the
Administrative Agent the financial statements for that entity described in
clause (A)(1) above and the most recent unaudited financial
statements for the entity (which unaudited financial statements must satisfy
the timing requirements described in the parenthetical reference in
clause (A)(2) above), provided that the Parent may not
include pursuant to this clause (B) more than $10,000,000 of the net sum
of items (a) through (g) above for any single such acquisition or
investment, nor more than

 5
 

$20,000,000 of the net sum of items (a) through
(g) above in the aggregate for all such acquisitions or investments made in any
consecutive twelve-month period.

“Consolidated Funded Debt” means, as of any date of
determination, all Indebtedness of the Parent and its Subsidiaries on a
consolidated basis excluding obligations relating to Performance Letters
of Credit and the Parent’s payment obligations with respect to its Preferred
Stock.

“Consolidated Interest Expense” means, for any period,
(a) total interest expense, whether paid or accrued, of the Parent and its
Subsidiaries on a consolidated basis, determined in accordance with GAAP, including
commitment fees owed with respect to the unused portion of the Commitments,
other fees hereunder, charges in respect of Financial Letters of Credit, the
portion of any Capitalized Lease Obligations allocable to interest expense,
(b) but excluding (i) amortization, expensing or
write-off of financing costs or debt discount or expense,
(ii) amortization, expensing or write-off of capitalized private equity
transaction costs, to the extent such costs are treated as interest under GAAP,
(iii) the portion of the upfront costs and expenses for Swap Contracts (to
the extent included in interest expense) fairly allocated to such Swap
Contracts as expenses for such period, less interest income on Swap Contracts
for that period and Swap Contracts payments received.

“Consolidated Net Income” means, for any period, the net
earnings (or loss) after Taxes of the Parent and its Subsidiaries on a
consolidated basis for such period taken as a single accounting period,
determined in accordance with GAAP, provided that there shall be
excluded therefrom (a) portions of income properly attributable to
minority interests, if any, in the stock and surplus of such Subsidiaries held
by anyone other than the Parent or any of its Subsidiaries, and (b) except
to the extent of dividends or other distributions actually paid to the Parent
or its Subsidiaries by such Person during such period, the income (or loss) of
any Person accrued prior to the date it becomes a Subsidiary of the Parent or
is merged with or into the Parent or any of its Subsidiaries or such Person’s
assets are acquired by the Parent or any of its Subsidiaries.

“Consolidated Net Worth” means, at any date, the consolidated
stockholders’ equity of the Parent and its Subsidiaries determined in
accordance with GAAP, plus redeemable Common Stock and Common Stock Units shown
on the Parent’s consolidated balance sheet plus an amount equal to the
principal amount of issued and outstanding preferred stock of the Parent,
including, without limitation, the Preferred Stock, but excluding the Permitted
Chinese Stock.

“Contingent Obligation” means, as to any Person, any obligation,
direct or indirect, contingent or otherwise, of such Person (a) with
respect to any Indebtedness or other obligation or liability of another Person,
including without limitation any direct or indirect guarantee of such
Indebtedness, obligation or liability, endorsement (other than for collection
or deposit in the ordinary course of business) thereof or discount or sale
thereof by such Person with recourse to such Person, or any other direct or
indirect obligation, by agreement or otherwise, to purchase or repurchase any
such Indebtedness, obligation or liability or any security therefor, or to
provide funds for the payment or discharge of any such Indebtedness, obligation
or liability (whether in the form of loans, advances, stock purchases, capital
contributions, performance letters of credit or otherwise), (b) to provide
funds to maintain working capital or equity capital of another Person or
otherwise to maintain the net worth, solvency or financial condition of the
other

 6
 

Person, (c) to make payment for any products,
property, securities or services regardless of non-delivery thereof, if the
purpose of any agreement so to do is to provide assurance that another Person’s
Indebtedness, obligation or liability will be paid or discharged, or that any
agreements relating thereto will be complied with, or that the holders of
another Person’s Indebtedness, obligation or liability will be protected (in
whole or in part) against loss in respect thereof, (d) in respect of any
Swap Contract that is not entered into in connection with a bona fide hedging
operation that provides offsetting benefits to such Person,
(e) reimbursement obligations under undrawn Financial Letters of Credit,
(f) to redeem preferred stock issued by such Person, or (g) otherwise
to assure or hold harmless the holders of Indebtedness or other obligation or
liability of another Person against loss in respect thereof.  The amount of any Contingent Obligation shall
be an amount equal to that portion of the amount of the Indebtedness,
obligation or liability guaranteed or otherwise supported thereby.

“Continuation” and “Continue” mean, with respect to any
Offshore Rate Loan, the continuation of such Offshore Rate Loan as an Offshore
Rate Loan on the last day of the Interest Period for such Loan.

“Conversion” and “Convert” mean, with respect to any
Loan, the conversion of such Loan from or into another type of Loan.

“Conversion Date” means any date on which the Administrative
Borrower, on behalf of the Borrowers, Converts a Base Rate Loan to an Offshore
Rate Loan or an Offshore Rate Loan to a Base Rate Loan.

“Customary Permitted Liens” means (a) Liens (other than
Environmental Liens and any Lien imposed under ERISA) for Taxes, assessments or
charges of any Governmental Authority or claims not yet due or which are being
contested in good faith by appropriate proceedings and with respect to which
adequate reserves or other appropriate provisions are being maintained in
accordance with the provisions of GAAP, (b) statutory Liens of landlords
and Liens of carriers, warehousemen, mechanics, materialmen, customs and
revenue authorities and other Liens (other than any Lien imposed under ERISA)
imposed by law and created in the ordinary course of business for amounts not
yet due or which are being contested in good faith by appropriate proceedings
and with respect to which adequate reserves or other appropriate provisions are
being maintained in accordance with the provisions of GAAP, (c) Liens
(other than any Lien imposed under ERISA) incurred or deposits made in the
ordinary course of business (including, without limitation, surety bonds and
appeal bonds and Liens securing obligations under indemnity agreements for
surety bonds) in connection with workers’ compensation, unemployment insurance
and other types of social security benefits, (d) Liens consisting of any
right of offset, or statutory banker’s lien, on bank deposit or securities
accounts maintained in the ordinary course of business so long as such bank
deposit or securities accounts are not established or maintained for the
purpose of providing such right of offset of banker’s lien, (e) easements
(including, without limitation, reciprocal easement agreements and utility
agreements), rights-of-way, covenants, consents, reservations, encroachments,
variations and other restrictions, charges or encumbrances (whether or not
recorded), which do not interfere materially with the ordinary conduct of the
business of the Parent or its Subsidiaries and which do not materially detract
from the value of the property to which they attach or materially impair the
use thereof to the Parent or its Subsidiaries and (f) building
restrictions, zoning laws and

 7
 

other statutes, law, rules, regulations, ordinances
and restrictions, and any amendments thereto, now or at any time hereafter
adopted by any Governmental Authority having jurisdiction.

“Default” means any condition or event which, with the giving of
notice or lapse of time or both, would, unless cured or waived, become an Event
of Default.

“Director” means a member of the Board of Directors of the
Parent.

“Dollars” and “$” means lawful money of the United States of
America.

“Dollar Equivalent” means, at any time, (a) with respect to
any amount denominated in Dollars, such amount, and (b) with respect to
any amount denominated in any Offshore Currency, the equivalent amount thereof
in Dollars as determined by the Administrative Agent at such time on the basis
of the Spot Rate (determined in respect of the most recent Revaluation Date)
for the purchase of Dollars with such Offshore Currency.

“EBITDA” has the
meaning specified in Section 5.01(i).

“Eligible Assignee” has the meaning specified in Section 11.08(g).

“EMU Legislation” means legislative measures of the European
Council for the introduction of, changeover to or operation of a single or
unified European currency (whether known as the euro or otherwise), being in
part the implementation of the third stage of the Economic and Monetary Union as
contemplated in the Treaty on European Union.

“Environmental Claim” means any accusation, allegation, notice
of violation, claim, demand, abatement order or other order or direction
(conditional or otherwise) by any governmental authority or any Person for any
damage, including, without limitation, personal injury (including sickness,
disease or death), tangible or intangible property damage, contribution,
indemnity, indirect or consequential damages, damage to the environment,
nuisance, pollution, contamination or other adverse effects on the environment,
or for fines, penalties or restrictions, in each case relating to, resulting
from or in connection with Hazardous Materials and relating to any Borrower,
any Guarantor (excluding the Parent), or any Subsidiary of any Borrower or any
Guarantor (excluding the Parent) or any Facility.

“Environmental Laws” means all statutes, ordinances, orders,
rules, regulations, plans, policies or decrees and the like relating to
(a) environmental matters, including, without limitation, those relating
to fines, injunctions, penalties, damages, contribution, cost recovery
compensation, losses or injuries resulting from the release or threatened
release of Hazardous Materials, (b) the generation, use, storage,
transportation or disposal of Hazardous Materials, or (c) occupational
safety and health, industrial hygiene, land use or the protection of human,
plant or animal health or welfare, in any manner applicable to any Borrower,
any Guarantor (excluding the Parent) or any Subsidiary of any Borrower or any
Guarantor (excluding the Parent) or any property of any such Person.

“Environmental Lien” means a Lien in favor of any Governmental
Authority for any liability under any Environmental Laws, or damages arising
from or costs incurred by such

 8
 

Governmental Authority in response to a release or
threatened release of a hazardous or toxic waste, substance or constituent, or
other substance into the environment.

“euro” means the single currency of Euro Participating Member
States, as defined in any EMU Legislation.

“Event of Default” means any of the events specified in Section 9.01.

““Exchange Act” means the Securities Exchange Act of 1934, as
amended from time to time, and any successor statute, and the rules and
regulations thereunder.

“Existing Liens” means, with respect to the Borrower Parties and
their respective Subsidiaries, those Liens as of the Closing Date set forth and
described on Schedule 8.01.

“Extension of Credit” means the Borrowing on the Closing Date.

“Facilities” means any and all real property (including, without
limitation, all buildings, fixtures or other improvements located thereon) now,
hereafter or heretofore owned, leased or possessed by any Borrower, any
Guarantor (excluding the Parent) or any Subsidiary of any Borrower or any
Guarantor (excluding the Parent).

“Federal Funds Rate” means, for any day, the rate per annum
(rounded upwards to the next 1/100th of 1%) equal to the weighted average of
the rates on overnight Federal funds transactions with members of the Federal
Reserve System arranged by Federal funds brokers on such day, as published by
the Federal Reserve Bank on the Business Day next succeeding such day; provided
that (a) if such day is not a Business Day, the Federal Funds Rate for
such day shall be such rate on such transactions on the next preceding Business
Day as so published on the next succeeding Business Day, and (b) if no
such rate is so published on such next succeeding Business Day, the Federal
Funds Rate for such day shall be the average rate charged to Union Bank on such
day on such transactions as determined by the Administrative Agent.

“Federal Reserve Board” means the Board of Governors of the
Federal Reserve System, or any successor thereto.

“Financial Letters of Credit” has the meaning specified in the
Parent Credit Agreement.

“Fiscal Quarter” means the fiscal quarter of the Parent, as the
Parent may designate to the Administrative Agent pursuant to Section 7.03(i).

“Fiscal Year” means the fiscal year of the Parent which shall be
the 52-53 week period ending on the Friday closest to September 30 in each year
or such other period as the Parent may designate to the Administrative Agent
pursuant to Section 7.03(i).

“Fitch IBCA, Duff & Phelps” means Fitch IBCA, Duff &
Phelps.

“Fixed Charge Coverage Ratio” means, as of the last day of any
Fiscal Quarter, the ratio of (A) the sum of (i) Consolidated EBITDA for
the last four Fiscal Quarters and (ii) income for the same four Fiscal Quarters
attributable to minority interests if fixed charges attributable to

 9
 

such minority interests are included in any component
of clause (B) below to (B) the sum of (i) Consolidated Interest
Expense during such period excluding cash payments, cumulated dividends,
and payments in kind with respect to the Parent’s Preferred Stock, but including
any cash interest paid with respect to any Permitted Chinese Stock to the
extent such interest is not included as a dividend pursuant to clause
(v) below, (ii) the current portion (i.e. the portion due and payable
within the next twelve months) of long-term, interest-bearing indebtedness
(meaning for this purpose only, the current portion of long term debt owing to
banks, insurance companies, other financial institutions, and notes issued by
the Parent or any of its Subsidiaries to shareholders in conjunction with an
acquisition); provided, however, if the Parent is publicly traded
and has an executed facility arrangement agreement or commitment letter for the
refinancing of all such current portion of long-term debt with an anticipated
closing date for such refinancing at least 60 days prior to the scheduled
maturity or expiration date of such debt, then such current portion of
long-term debt shall be excluded from the calculation under this
clause (B), (iii) income taxes paid during the preceding four Fiscal
Quarters minus income tax rebates, refunds and other receipts received
during the same four Fiscal Quarters, (iv) unfinanced Capital Expenditures
for the preceding four Fiscal Quarters, and (v) cash dividends paid on the
Capital Stock of the Parent, other than on any Preferred Stock (except for
Permitted Chinese Stock), and all cash dividends paid with respect to any
Permitted Chinese Stock, minus (vi) non-cash interest expense
associated with the Senior Executive Deferred Compensation Plan to the extent
that such amount is offset by interest income from the Senior Executive Equity
Investment Program and minus (vii) capitalized private equity costs that
are treated as selling, general and administrative expense under GAAP.

“GAAP” means: (a) in respect of the Parent, generally
accepted accounting principles as in effect in the United States of America (as
such principles may change from time to time); and (b) in the case of each
other Borrower Party, the equivalent international standards for such Person
(as such standards may change from time to time).

“Governmental Approval” means an authorization, consent,
approval, permit, license or exemption of, registration or filing with, or
report or notice to, any Governmental Authority.

“Governmental Authority” means 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, and any tribunal or arbitrator(s) of competent
jurisdiction.

“Guarantor” means, as of the Closing Date, collectively, the
Parent and MCAL.  Following the Closing
Date, the term “Guarantor” means, collectively, the Parent, MCAL and each other
Subsidiary of the Parent, other than a Borrower, that becomes a party to the
Master Guaranty in accordance with Section 7.17 or Section 8.07(a)(ii).

“Hazardous Materials”
means any chemical substance:

(a)                                  which is or becomes defined as a “hazardous
waste” or “hazardous substance” under any Applicable Law; or

 10
 

(b)                                 which is toxic, explosive, corrosive,
flammable, infectious, radioactive, carcinogenic, mutagenic, or otherwise
hazardous and is or becomes regulated by any Governmental Authority.

“Indebtedness” means, with respect to any Person, the aggregate
amount of, without duplication: 
(a) all obligations for borrowed money; (b) all obligations
evidenced by bonds, debentures, notes or other similar instruments;
(c) all obligations to pay the deferred purchase price of property or
services, except trade accounts payable arising in the ordinary course of
business; (d) all Capitalized Lease Obligations; (e) all obligations
or liabilities of others secured by a Lien on any asset owned by such Person or
Persons whether or not such obligation or liability is assumed; (f) all
obligations of such Person or Persons, contingent or otherwise, in respect of
any letters of credit (other than performance letters of credit) or bankers’
acceptances; (g) all net obligations with respect to Swap Contracts; and
(h) all Contingent Obligations (other than performance letters of credit);
provided, that Indebtedness shall not include (i) indebtedness or
other liabilities owing to shareholders in connection with purchase of the
Parent’s Capital Stock by the Parent consistent with prior business practices,
(ii) indebtedness of Joint Ventures of which the Parent or any Subsidiary
is a member to the extent such indebtedness is non-recourse (whether expressly,
by operation of law or otherwise) to the Parent or such Subsidiary or its
assets, (iii) an amount equal to the lesser of (A) indebtedness
supported by letters of credit and (B) the face amount of such letters of
credit, or (iv) any Preferred Stock.

“Intercompany Indebtedness” means any Indebtedness of the Parent
or any Subsidiary which, in the case of the Parent, is owed to any Subsidiary
and which, in the case of any Subsidiary, is owed to the Parent or any other
Subsidiary.

“Interest Payment Date” means, with respect to any Offshore Rate
Loan, the last day of each Interest Period applicable to such Loan and, with
respect to Base Rate Loans, the last Business Day of each Fiscal Quarter; provided,
however, that if any Interest Period for an Offshore Rate Loan exceeds
three months, the date which falls three months after the beginning of such
Interest Period and after each Interest Payment Date thereafter shall also be
an Interest Payment Date.

“Interest Period” means the period commencing on the Business
Day an Offshore Rate Loan is disbursed or Continued or on the Conversion Date
on which a Loan is Converted to an Offshore Rate Loan and ending on the date
one, two, three or six months thereafter, as selected by each Borrower, in its
Request for Extension of Credit or Request for Conversion/Continuation, as
applicable; provided that:

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

(ii)                                  any Interest Period that begins on the
last Business Day of a calendar month (or on a day for which there is no
numerically corresponding day in the

 11
 

calendar month at the end of such Interest Period)
shall end on the last Business Day of the calendar month at the end of such
Interest Period, and

(iii)                               no Interest Period shall extend beyond
the Maturity Date.

“Investment” means, as applied to any Person, any direct or
indirect purchase or other acquisition by that Person of stock or securities,
or any beneficial interest in stock or other securities, of any other Person,
any partnership interest (whether general or limited) in any other Person, or
all or any substantial part of the business or assets of any other Person, or
any direct or indirect loan, advance or capital contribution by that Person to
any other Person, including all indebtedness and accounts receivable from that
other Person which are not current assets or did not arise from sales to that
other Person in the ordinary course of business.  The amount of any Investment shall be the
original cost of such Investment plus the cost of all additions thereto,
without any adjustments for increases or decreases in value, or write-ups,
write-downs or write-offs with respect to such Investment.

“IPO” means an initial public offering of Common Stock pursuant
to a registration statement on Form S-1 and the related transactions
described in such registration statement or resulting from such public
offering.

“IRS” means the Internal Revenue Service of the United States of
America.

“Joint Venture” means a joint venture, partnership or similar
arrangement formed for the purpose of performing a single project or series of
related projects, whether in corporate, partnership or other legal form;
provided that, as to any such arrangement in corporate form, such corporation
shall not, as to any Person of which such corporation is a subsidiary, be considered
to be a Joint Venture to which such Person is a party.

“Lender” or “Lenders” shall have the meaning ascribed to
it in the preamble hereto.  References to
the “Lender” shall include references to each Lender in its individual capacity
as a counterparty under any Swap Contract.

“Lender Taxes” has the meaning specified in Section 4.01(a).

“Lending Office” means, as to any Lender, the office or offices
of such Lender specified on Schedule 11.02, or such other office or
offices as the Lender may from time to, time notify the Administrative Borrower
and the Administrative Agent.

“Letter of Credit” means any letter of credit issued by an
Issuing Lender under (and as defined in) the Parent Credit Agreement pursuant
to Section 3 of the Parent Credit Agreement.

“Leverage Ratio” means, at any date of determination thereof,
the ratio of (a) Consolidated Funded Debt plus, without
duplication, all unreimbursed drawings under any Letter of Credit existing as
of such date, to (b) Consolidated EBITDA for the four Fiscal Quarters most
recently ended for which financial statements are available.

“Lien” means any lien, mortgage, pledge, security interest,
charge, or encumbrance of any kind (including any conditional sale or other
title retention agreement or any lease in the

 12
 

nature thereof) and any agreement to give or refrain
from giving any lien, mortgage, pledge, security interest, charge, or other
encumbrance of any kind.

“Loan” has the meaning specified in Section 2.01(a).

“Loan Documents” means this Agreement, the Notes, the Master
Guaranty, and any other documents delivered to the Administrative Agent in
connection therewith and all Swap Contracts between any Borrower and a Lender
or any of its Affiliates in their capacity as a counterparty thereunder.

“Majority Lenders” means at any time Lenders then holding in
excess of 51% of the then aggregate unpaid principal amount of the Loans.

“Mandatory Cost Rate” means, with respect to any period, a rate
per annum determined in accordance with Schedule 1.01.

“Mandatory Cost Reference Lender” means Union Bank.

“Margin Regulations” means Regulations U and X of the Federal
Reserve Board and any successor regulations thereto, as in effect from time to
time.

“Margin Stock” means “margin stock” as defined in
Regulation U.

“Master Guaranty” means the Master Guaranty made by each
Guarantor in favor of the Administrative Agent, in substantially the form of Exhibit D,
as it may be from time to time amended, supplemented or otherwise modified.

“Material Adverse Effect” means (a) a material adverse
change in, or a material adverse effect upon, the business, assets, prospects,
results of operation or condition (financial or otherwise) of the Borrowers and
their Subsidiaries taken as a whole; or (b) a material impairment of the
ability of any Borrower Party to perform under any Loan Document and thereby
avoid any Event of Default.

“Maturity Date” means September 22, 2011.

“MCAL” means Maunsell Consultants Asia Limited, a limited
company organized under the laws of Hong Kong and an Affiliate of the Borrowers
and indirect Subsidiary of the Parent.

“Minimum Amount”
means, with respect to each of the following actions, the minimum amount and
any multiples in excess thereof set forth opposite such action:

	
  Type of Action

  	
   

  	
  Minimum Amount

  	
   

  	
  Multiples in excess thereof

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Prepayment of, or Conversion into, Base Rate Loans

  	
   

  	
  $250,000

  	
   

  	
  $100,000

  
	
  Prepayment or Continuation of, or Conversion into,
  Dollar-denominated Offshore Rate Loans

  	
   

  	
  $1,000,000

  	
   

  	
  $100,000

  

 

 13
 

 

	
  Type of Action

  	
   

  	
  Minimum Amount

  	
   

  	
  Multiples in excess thereof

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Prepayment of Offshore Currency Loans

  	
   

  	
  Greater of (a) Offshore Currency equivalent of U.S.
  $2,000,000, rounded up to the nearest 10,000 units of such Offshore Currency
  and (b) 2,000,000 units of such Offshore Currency

  	
   

  	
  Greater of (a) Offshore Currency equivalent of
  U.S. $1,000,000, rounded up to the nearest 10,000 units of such Offshore
  Currency and (b) 1,000,000 units of such Offshore Currency

  
	
  Assignments

  	
   

  	
  $5,000,000

  	
   

  	
  None

  

 

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

“Net Cash Proceeds”
means, with respect to any Asset Disposition, the sum of:

(a)                                  the cash and cash equivalent proceeds
received by or for the account of a Borrower, any Guarantor (other than the
Parent) or any Subsidiary of a Borrower or any Guarantor (other than the
Parent) attributable to such Asset Disposition;

(b)                                 the amount of cash and cash equivalents
received by or for the account of a Borrower, any Guarantor (other than the
Parent) or any Subsidiary of a Borrower or any Guarantor (other than the
Parent) upon the sale, conversion, collection or other liquidation of any
Non-Cash Proceeds attributable to such Asset Disposition (but only as and when
so received); and

(c)                                  the amount of cash and cash equivalents
in respect of any run-off of receivables less payments on associated
liabilities, in each case retained in connection with an Asset Disposition
constituting a sale of all or substantially all of the other assets or a line
of business of the Person making the disposition (but only as and when so
received); in each case net of any amount required to be paid to any Person
(other than a Borrower, any Guarantor (other than the Parent) or any Subsidiary
of a Borrower or any Guarantor (other than the Parent)) owning a beneficial
interest in the stock or other assets disposed of, any amount applied to the
repayment of Indebtedness (other than the Obligations) secured by a Lien
permitted under Section 8.01 on the asset disposed of, any transfer
taxes paid or payable as a result of such Asset Disposition and professional fees
and expenses, broker’s commissions and other out-of-pocket costs of sale
actually paid to any Person (other than a Borrower, any Guarantor (other than
the Parent) or any Subsidiary of a Borrower or any Guarantor (other than the
Parent)) attributable to such Asset Disposition.

“Non-Cash Proceeds” means any notes, debt securities, other
rights to payment, equity securities and any other consideration received from
an Asset Disposition, except cash and cash equivalents.

 14
 

“Note” means a promissory note of the Borrowers payable to the
order of a Lender, if requested by such Lender, evidencing the aggregate
indebtedness of the Borrowers to such Lender resulting from Loans made by such
Lender, substantially in the form of Exhibit C.

“Obligations” means all present and future obligations and
liabilities of every type and description arising under or in connection with
this Agreement or any other Loan Document, due or to become due to the
Administrative Agent, any Lender (including any Lender or its Affiliate in its
capacity as a counterparty under any Swap Contract constituting a Loan
Document) or any Person entitled to indemnification pursuant to Section 11.05
of this Agreement or any of their respective successors, transferees, or
assigns, and shall include, without limitation, (a) all liability for,
payment of principal of and interest on the Loans and under any Notes,
(b) all liabilities under any Swap Contract constituting a Loan Document,
(c) all liability hereunder or under the Loan Documents for any fees,
expense reimbursements and indemnifications, and (d) any and all other
debts, obligations and liabilities to the Administrative Agent or any Lender
heretofore, now or hereafter incurred or created (and all renewals, extensions,
readvances, modifications and rearrangements thereof), under, in connection
with, in respect of or evidenced or created by this Agreement or any or all of
the other Loan Documents, whether voluntary or involuntary, however arising,
and whether due or not due, absolute or contingent, secured or unsecured,
liquidated or unliquidated, determined or undetermined, direct or indirect, and
whether the Borrowers may be liable individually or jointly with others.

“Offshore Currency” means the currencies listed on Schedule 2.02.

“Offshore Currency Loan” means any Offshore Rate Loan
denominated in an Offshore Currency.

“Offshore Group” has the meaning specified in Section 5.01(i).

“Offshore Rate”
means:

(a)                                  for any Interest Period with respect to
any Offshore Rate Loan other than one referred to in subsection (b) of
this definition:

(i)                                     the rate per annum equal to the rate
determined by the Administrative Agent to be the offered rate that appears on
the page of the Telerate screen (or any successor thereto) that displays an
average British Bankers Association Interest Settlement Rate for deposits in
the relevant currency (for delivery on the first day of such Interest Period)
with a term equivalent to such Interest Period, determined as of approximately
11:00 a.m. (London time) on the Quotation Day applicable to such Loan, or

(ii)                                  if the rate referenced in the preceding
subsection (i) does not appear on such page or service or such page or service
shall cease to be available, the rate per annum equal to the rate determined by
the Administrative Agent to be the offered rate on such other page or other
service that displays an average British Bankers Association Interest
Settlement Rate for deposits in the relevant currency (for delivery on the
first day of such Interest Period) with a term equivalent to such Interest
Period, determined as of

 15
 

approximately 11:00 a.m. (London time) on the
Quotation Day applicable to such Loan, or

(iii)                               if the rates referenced in the preceding
subsections (i) and (ii) are not available, the rate per annum determined by the
Administrative Agent as the rate of interest (rounded upwards to the next
1/100th of 1%) at which deposits in the relevant currency for delivery on the
first day of such Interest Period in same day funds in the approximate amount
of the Offshore Rate Loan being made, Continued or Converted by Union Bank and
with a term equivalent to such Interest Period would be offered by Union Bank’s
London branch or Affiliate to major banks in the offshore interbank market for
such currency at their request at approximately 11:00 a.m. (London time)
on the Quotation Day applicable to such Loan; and

(b)                                 for any Interest Period with respect to
any Offshore Rate Loan advanced by a Lender required to comply with the
relevant requirements of the Bank of England and the Financial Services
Authority of the United Kingdom, the sum of (i) the rate determined in
accordance with subsection (a) of this definition and (ii) the Mandatory
Cost Rate for such Interest Period.

“Offshore Rate Loan” means a Loan that bears interest at a rate
determined by reference to an Offshore Rate, which may be denominated in U.S.
Dollars or an Offshore Currency. Offshore Rate Loans include Offshore Currency
Loans.

“Operating Lease” means, as applied to any Person, any lease of
any property (whether real, personal, or mixed) which is not a Capitalized
Lease other than any such lease under which that Person is the lessor.

“Other Taxes” has the meaning specified in Section 4.01(b).

“Overnight Rate” means, for any day, (a) with respect to
payments in Dollars, the Federal Funds Rate and (b) with respect to
payments in Offshore Currencies, the rate of interest per annum at which
overnight deposits in the applicable Offshore Currency, in an amount
approximately equal to the amount with respect to which such rate is being
determined, would be offered for such day by Union Bank’s principal office in
London to major banks in the London or other applicable offshore interbank
market.

“Parent” means AECOM Technology Corporation, a Delaware
corporation and an indirect shareholder of each of the Borrowers.

“Parent Credit Agreement” means the Amended and Restated Credit
Agreement of even date herewith by and among the Parent, the Subsidiary
Borrowers identified therein, the financial institutions party thereto as
Lenders, UBOC, as the administrative agent, the swing line lender and a letter
of credit issuing lender, and Harris N.A., as the syndication agent and a
letter of credit issuing lender, as amended.

“Parent’s Capital Stock” means all Capital Stock and Common
Stock Units of the Parent outstanding from time to time and all securities and
other property distributed in respect of or in exchange for such stock.

 16

“Participant” has
the meaning specified in Section 11.08.

“Performance Letters
of Credit” has the meaning specified in the Parent Credit Agreement.

“Permitted Chinese
Stock” means common stock, preferred stock or any other security issued by
the Parent or any Subsidiary in connection with the acquisition of any equity,
ownership or similar arrangement or investment in a Chinese professional
services firm (e.g., architecture, engineering, program or construction
management, construction inspection, environmental services, facilities or
infrastructure asset management, etc.) for aggregate issuance consideration of
not more than $30,000,000 from January 1, 2005 through the Termination
Date.

“Permitted Investments”
means

(a)           marketable direct obligations issued or
unconditionally guaranteed by the United States Government or issued by any
agency thereof and backed by the full faith and credit of the United States, in
each case maturing within one year from the date of acquisition thereof;

(b)           marketable direct obligations issued
by any state of the United States of America or any political subdivision of
any such state or any public instrumentality thereof maturing within one year
from the date of acquisition thereof and having,  at the time of acquisition, the highest
rating obtainable from any Rating Agency;

(c)           commercial paper maturing within one
year from the date of acquisition thereof and having, at the time of
acquisition, a rating of A-3 or higher from S&P or comparable rating
from any other Rating Agency;

(d)           demand deposits, time deposits,
certificates of deposit, Eurodollar time deposits, repurchase agreements,
reverse repurchase agreements and bankers’ acceptances maturing within one year
after the date of acquisition which are in, issued, accepted or guarantied by a
bank whose short term securities are rated at least A-3 by S&P or
comparably by any other Rating Agency and whose combined capital and surplus is
at least U.S. $200,000,000;

(e)           corporate promissory notes or other
obligations maturing not more than one year after the date of acquisition which
at the time of such acquisition have, or are supported by, an unconditional
guaranty from a corporation with similar obligations which have the highest
rating obtainable from any Rating Agency;

(f)            institutional money market funds
organized under the laws of the United States of America or any state thereof
that invest solely in any of the Investments permitted under clauses (a),
(b), (c), (d) and (e) hereof; and

(g)           obligations maturing not more than
one year after the date of the acquisition and issued or guarantied by any
non-U.S. government or non-U.S. governmental agency or multinational
intergovernmental organization, which obligations

 17
 

have a rating at the time of such acquisition of not less than “AA”
from S&P or a comparable rating from any other Rating Agency.

“Permitted Liens”
means, collectively, the Liens permitted under Section 8.01.

“Person” means an
individual, a corporation, a partnership, a trust, an unincorporated
organization or any other entity or organization, including a government or any
agency or political subdivision thereof and, for the purpose of the definition
of “ERISA Affiliate,” a trade or business.

“Plans” means the
AECOM Technology Corporation Retirement Savings Plan, and the associated trust,
any plan, charter document or other arrangement pursuant to which the Parent
repurchases stock, including the AECOM Technology Corporation Liquidity and
Diversification Program, and the associated trust, and any corresponding plan
outside the U.S. and any associated trust, including without limitation the
plans listed in Schedule 6.10, as such plans and trusts may from
time to time be supplemented, modified or amended, but including any successor
or replacement plan.

“Preferred Stock”
means, collectively, the Class F Preferred Stock, the Class G Preferred Stock,
the Permitted Chinese Stock (to the extent constituting preferred stock of the
Parent) and any other class of preferred stock of the Parent which in the
reasonable determination of the Administrative Agent has substantially similar
material terms as the Class F Preferred Stock and the Class G Preferred Stock.

“Pricing Period”
means, with respect to each Fiscal Quarter, the period commencing on the first
date indicated in the table below opposite such Fiscal Quarter and ending on
and including the second date opposite such Fiscal Quarter.

	
  Compliance Certificate for

  Fiscal Quarter

  	
   

  	
  Shall
  determine pricing for

  Pricing Period

  
	
   

  	
   

  	
   

  
	
  1st Fiscal Quarter

  	
   

  	
  February 16— May
  15  

  
	
  2nd Fiscal Quarter 

  	
   

  	
  May 16 — August
  15

  
	
  3rd Fiscal Quarter

  	
   

  	
  August 16—
  November 15

  
	
  4th Fiscal Quarter

  	
   

  	
  November 16—
  February 15

  

 

“Pro Rata Share”
means, as to any Lender, the percentage of the Commitment set forth opposite
the name of that Lender on Schedule 2.01 hereto under the heading “Pro
Rata Shares,” as such percentage may be increased or decreased pursuant to an
Assignment and Assumption.

“Quarterly Payment
Date” means the last Business Day of each Fiscal Quarter.

“Quotation Day”
means (a) if a Loan is made in Dollars or any Offshore Currency other than
euro, two Business Days prior to the first day of such Interest Period and
(b) if a Loan is made in euro, two TARGET Days prior to the first day of
such Interest Period; provided that if market practice differs in the
relevant interbank market for an Offshore Currency, then the Quotation Day for
that Offshore Currency will be determined by the Administrative Agent in

 18
 

accordance with
market practice in the relevant interbank market (and if quotations would
normally be given by leading banks in the relevant interbank market on more
than one day, the Quotation Day will be the last of those days).

“Rating Agency”
means any of S&P, Moody’s or Fitch IBCA, Duff & Phelps.

“Real Property”
means each of those parcels (or portions thereof) of real property,
improvements and fixtures thereon and appurtenances thereto now or hereafter
owned or leased by a Borrower, a Guarantor (other than the Parent) or any
Subsidiary of a Borrower or of a Guarantor (other than the Parent).

“Regulation U”
means Regulation U of the Federal Reserve Board or any successor regulation, in
each case as in effect from time to time.

“Request for Extension
of Credit” means, unless otherwise specified herein, a duly completed written
request substantially in the form of Exhibit A.

“Request for
Conversion/Continuation” means a duly completed written request
substantially in the form of Exhibit B.

“Requisite Notice”
means, unless otherwise provided herein, (a) irrevocable written notice to
the intended recipient or (b) irrevocable telephonic notice to the
intended recipient, promptly followed by a written notice to such
recipient.  Such notices shall be
(i) delivered to such recipient at the address or telephone number
specified on Schedule 11.02 or as otherwise designated by such
recipient by written notice to the Administrative Agent, and (ii) if made
by the Administrative Borrower, on behalf of the Borrowers, given or made by a
Responsible Officer of the Administrative Borrower.  Any written notice delivered in connection
with any Loan Document shall be in the form, if any, prescribed herein or
therein.  Any notice sent by other than
hardcopy shall be promptly confirmed by a telephone call to the recipient and,
if requested by the Administrative Agent, by a manually-signed hardcopy
thereof.

“Requisite Time”
means, with respect to any of the actions listed below, the time and date set
forth below opposite such action:

	
  Type of Action

  	
   

  	
  California

  Time

  	
   

  	
  Date of
  Action

  
	
  Delivery of Request for Extension of Credit, Request
  for Conversion/Continuation, or notice for:

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  ·  Borrowing or prepayment of Base Rate Loans

  	
   

  	
  10:00 a.m.

  	
   

  	
  Same Business
  Day as such Borrowing or prepayment

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  ·  Conversion into Base Rate Loans

  	
   

  	
  10:00 a.m.

  	
   

  	
  3 Business Days
  prior to such Conversion

  

 

 19
 

 

	
  ·  Borrowing, Prepayment or, Continuation of,
  or Conversion into, Offshore Rate Loans denominated in Dollars

  	
   

  	
  10:00 a.m.

  	
   

  	
  3 Business Days
  prior to such Borrowing, prepayment, Continuation or Conversion

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  ·  Borrowing, Prepayment or, Continuation of
  Offshore Rate Loans denominated in Offshore Currencies

  	
   

  	
  See note below

  	
   

  	
  3 Business Days
  prior to such Borrowing, prepayment or Continuation

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  ·  Borrowing, prepayment or, Continuation of
  Offshore Rate Loans denominated in Special Notice Currencies

  	
   

  	
  See note below

  	
   

  	
  6 Business Days
  prior to such Borrowing, prepayment or Continuation

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Other payments by the Lenders or a Borrower Party to
  the Administrative Agent

  	
   

  	
  11:00 a.m.

  	
   

  	
  On date payment
  is due

  

 

Note:      The
Requisite Time for Borrowings and payments in Offshore Currencies shall be the
local times in the country of settlement for such Offshore Currencies as
specified from time to time by the Administrative Agent to the parties hereto.

“Responsible Officer”
means the Chief Executive Officer, the Vice Chairman, the President or the
Chief Financial Officer, Controller, Treasurer, General Counsel, Chief
Administrative Officer or any other officer of the applicable Borrower Party
expressly designated by the applicable Borrower Party as a Responsible Officer
hereunder.

“Restricted Payment”
means (a) any dividend or other distribution, direct or indirect, on
account of any shares of the Capital Stock of any Borrower, any Guarantor
(excluding the Parent) or any Subsidiary of any Borrower or Guarantor
(excluding the Parent) now or hereafter outstanding, other than a dividend or
distribution, direct or indirect, from such Borrower, Guarantor (excluding the
Parent) or Subsidiary of any Borrower or Guarantor (excluding the Parent) to a
Borrower or a Guarantor (including the Parent), (b) any redemption,
retirement, sinking fund or similar payment, purchase or other acquisition for
value, direct or indirect, of any shares of any class of the Capital Stock of
any Borrower, any Guarantor (excluding the Parent) or any Subsidiary of any
Borrower or Guarantor (excluding the Parent) now or hereafter outstanding,
unless such shares are held by a Borrower or a Guarantor and (c) any
payment made to redeem, purchase, repurchase or retire, or to obtain the
surrender of, or any outstanding warrants, options or other rights to acquire
shares of any class of the Capital Stock of any Borrower, any Guarantor
(excluding the Parent) or any Subsidiary of any Borrower or Guarantor

 20
 

(excluding the
Parent) now or hereafter outstanding, unless such shares are held by a Borrower
or a Guarantor.

“Revaluation Date”
means the Closing Date and such additional dates as the Administrative Agent or
the Majority Lenders shall specify.

“S&P” means
Standard & Poor’s Ratings Services, a division of The McGraw-Hill
Companies, Inc.

“Sale-Leaseback
Transaction” means any arrangement with any Person providing for the
leasing by the Parent or any Subsidiary of any real or personal property that,
or of any property similar to and used for substantially the same purposes as
any other property that, has been or is to be sold or otherwise transferred by
the Parent or any of the Subsidiaries to such Person with the intention of
entering into such a lease.

“SEC” means the
United States Securities and Exchange Commission, and any successor thereto.

“Securities Act”
means the Securities Act of 1933, as amended from time to time, and any
successor statute.

“Senior Executive
Deferred Compensation Plan” means the Parent’s senior executive deferred
compensation plan providing deferred compensation benefits for certain senior
executives of the Parent and its Subsidiaries.

“Senior Executive
Equity Investment Program” means the Parent’s senior executive equity
investment program for certain senior executives of the Parent and its
Subsidiaries.

“Solvent” means,
with respect to any Person that:

(a)           the total present fair value and fair
salable value of such Person’s assets on a going concern basis is in excess of
the total amount of such Person’s liabilities, including contingent
liabilities;

(b)           such Person is able to pay its
liabilities and contingent liabilities as they become due; and

(c)           such Person does not have
unreasonably small capital with which to engage in such Person’s business as
theretofore operated and as proposed to be operated.

“Spot Rate” for a
currency means the rate quoted by Union Bank as the spot rate for the purchase
by Union Bank of such currency with another currency.

“Subordinated Debt”
means any Indebtedness hereafter incurred subordinated to the Obligations and
with subordination terms approved in advance in writing by all Lenders, such
approval not to be unreasonably withheld.

 21
 

“Subsidiary” means
any corporation or other entity (excluding Joint Ventures) of which more than
fifty percent (50%) of the total voting power of shares of stock or other
securities or other ownership interests entitled to vote in the election of the
board of directors or other persons performing similar functions are at the
time directly or indirectly owned by a Person or one or more of such Person’s
Subsidiaries.

“Swap Contract”
means (a) any and all rate swap transactions, basis swaps, credit
derivative transactions, forward rate transactions, commodity swaps, commodity
options, forward commodity contracts, equity or equity index swaps or options,
bond or bond price or bond index swaps or options or forward bond or forward
bond price or forward bond index transactions, interest rate options, forward
foreign exchange transactions, cap transactions, floor transactions, collar
transactions, currency swap transactions, cross-currency rate swap
transactions, currency options, spot contracts, or any other similar
transactions or any combination of any of the foregoing (including any options
to enter into any of the foregoing), whether or not any such transaction is
governed by or subject to any master agreement, and (b) any and all
transactions of any kind, and the related confirmations, which are subject to
the terms and conditions of, or governed by, any form of master agreement
published by the International Swaps and Derivatives Association, Inc., any
International Foreign Exchange Master Agreement, or any other master agreement
(any such master agreement, together with any related schedules, a “Master
Agreement”), including any such obligations or liabilities under any Master
Agreement.

“TARGET Day” means
any day on which the Trans-European Automated Real-time Gross Settlement
Express Transfer (TARGET) System (or, if such clearing system ceases to be operative,
such other clearing system (if any) determined by the Administrative Agent to
be a suitable replacement) is operating.

“Taxes” means any
present or future income, stamp and other taxes, charges, fees, levies, duties,
imposts, withholdings or other assessments, together with any interest and
penalties, additions to tax and additional amounts imposed by any federal,
state, local or foreign taxing authority upon any Person.

“Trademarks” means
trademarks, servicemarks and trade names, all registrations and applications to
register such trademarks, servicemarks and trade names and all renewals
thereof, and the goodwill of the business associated with or relating to such
trademarks, servicemarks and trade names, including without limitation any and
all licenses and rights granted to use any trademark, servicemark or trade name
owned by any other Person.

“Transferee” has
the meaning specified in Section 11.08.

“UCC” means the
Uniform Commercial Code as in effect in the State of California.

“UCP” means the Uniform
Customs and Practice for Documentary Credits as most recently published by the
International Chamber of Commerce.

“Union Bank” means
Union Bank of California, N.A.

 22
 

“Wholly-Owned
Subsidiary” means any Subsidiary for which all of the voting shares of
Capital Stock or other ownership interests (except directors’ qualifying
shares) are at the time directly or indirectly owned by the Parent or one or
more of its other Wholly-Owned Subsidiaries.

1.02        Other Interpretive Provisions.

(a)           Defined Terms. 
Unless otherwise specified herein or therein, all terms defined in this
Agreement shall have the respective defined meanings when used in any
certificate or other document made or delivered pursuant hereto.  The meaning of defined terms shall be equally
applicable to the singular and plural forms of the defined terms.  Terms (including uncapitalized terms) not
otherwise defined herein and that are defined in the UCC shall have the
meanings therein described.

(b)           The Agreement. 
The words “hereof,” “herein,” “hereunder” and words of similar import
when used in this Agreement shall refer to this Agreement as a whole and not to
any particular provision of this Agreement; and section, schedule and exhibit
references are to this Agreement unless otherwise specified.

(c)           Certain Common Terms.

(i)            The
term “documents” includes any and all instruments, documents, agreements,
certificates, indentures, notices and other writings, however evidenced.

(ii)           The
term “including” is not limiting and means “including without limitation.”

(d)           Performance; Time. 
Whenever any performance obligation hereunder (other than a payment
obligation) shall be stated to be due or required to be satisfied on a day
other than a Business Day, such performance shall be made or satisfied on the next
succeeding Business Day.  In the
computation of periods of time from a specified date to a later specified date,
the word “from” means “from and including”; the words “to” and “until” each
mean “to but excluding,” and the word “through” means “to and including.”  If any provision of this Agreement refers to
any action taken or to be taken by any Person, or which such Person is
prohibited from taking, such provision shall be interpreted to encompass any
and all means, direct or indirect, of taking, or not taking, such action.

(e)           Contracts. 
Unless otherwise expressly provided herein, references to agreements and
other contractual instruments shall be deemed to include all subsequent
amendments and other modifications thereto, but only to the extent such amendments
and other modifications are not prohibited by the terms of any Loan Document.

(f)            Laws. 
References to any statute or regulation are to be construed as including
all statutory and regulatory provisions consolidating, amending, replacing,
supplementing or interpreting the statute or regulation.

 23
 

(g)           Captions. 
The captions and headings of this Agreement are for convenience of
reference only and shall not affect the interpretation of this Agreement.

(h)           Independence of Provisions. 
The parties acknowledge that this Agreement and other Loan Documents may
use several different limitations, tests or measurements to regulate the same
or similar matters, and that such limitations, tests and measurements are
cumulative and must each be performed, except as expressly stated to the
contrary in this Agreement.

(i)            Interpretation. 
This Agreement is the result of negotiations among and has been reviewed
by counsel to the Administrative Agent, the Borrower Parties, and is the
product of all parties hereto.  Accordingly,
this Agreement and the other Loan Documents shall not be construed against the
Lenders or the Administrative Agent merely because of the Administrative Agent’s
or the Lenders’ involvement in the preparation of such documents and
agreements.

(j)            Accounting Principles. 
Unless the context otherwise clearly requires, all accounting terms not
expressly defined herein shall be construed, and all financial computations
required under this Agreement shall be made, in accordance with GAAP,
consistently applied.

(k)           Back-to-back Letters of Credit. 
In calculating any amount of Indebtedness or Contingent Obligations for
purposes of any covenant, if a letter of credit (whether or not a Letter of
Credit issued under the Parent Credit Agreement) is issued for the purpose of
securing reimbursement obligations of the Parent or any of its Subsidiaries in
respect of another letter of credit (commonly known as a back-to-back letter of
credit), reimbursement obligations in respect of only one of the letters of
credit will be used, and the other reimbursement obligations will be
disregarded.  If the amount of the
reimbursement obligation in respect of one letter of credit in any such
arrangement is greater than the amount of the reimbursement obligation in
respect of the other, the higher amount shall be used.

1.03        Exchange Rates; Currency Equivalents.  The
Administrative Agent shall determine the Spot Rates as of each Revaluation Date
to be used for calculating Dollar Equivalent amounts of Loans denominated in
Offshore Currencies.  Such Spot Rates
shall become effective as of such Revaluation Date and shall be the Spot Rates
employed in converting any amounts between the applicable currencies until the
next Revaluation Date to occur.  Except
for purposes of financial statements delivered by the Parent hereunder or
calculating financial covenants hereunder or except as otherwise provided
herein, the applicable amount of any currency for purposes of the Loan
Documents shall be such Dollar Equivalent amount as so determined by the
Administrative Agent.

1.04        Extensions of Credit in Offshore Currencies.

(a)           Each obligation of the Borrowers to make
a payment denominated in the national currency unit of any member state of the
European Union that adopts the euro as its lawful currency after the date
hereof shall be redenominated into euro at the time of such adoption (in
accordance with the EMU Legislation). 
If, in relation to the currency of any such member state, the basis of
accrual of interest expressed in this Agreement in respect of that

 24
 

currency shall be
inconsistent with any convention or practice in the London interbank market for
the basis of accrual of interest in respect of the euro, such expressed basis
shall be replaced by such convention or practice with effect from the date on
which such member state adopts the euro as its lawful currency; provided that
if any Extension of Credit in the currency of such member state is outstanding
immediately prior to such date, such replacement shall take effect, with
respect to such Extension of Credit, at the end of the then current Interest
Period.

(b)           The Administrative Agent may from time to
time further modify the terms of, and practices contemplated by, this Agreement
with respect to the euro to the extent the Administrative Agent determines, in
its reasonable discretion, that such modifications are necessary or convenient
to reflect new laws, regulations, customs or practices developed in connection
with the euro.  The Administrative Agent
may effect such modifications, and this Agreement shall be deemed so amended,
without the consent of any Borrower or the Lenders to the extent such
modifications are not materially disadvantageous to the Borrowers and the
Lenders, upon notice thereto.

SECTION 2.  THE CREDIT

2.01        Term Loan – Amount and Terms.

(a)           Subject to the terms and conditions set
forth in this Agreement, on the Closing Date, each Lender shall, pro rata
according to that Lender’s Pro Rata Share of the Commitment, make loans
(individually, a “Loan” and collectively, the “Loans”) to the Administrative
Borrower, for the benefit of all of the Borrowers, under the Commitment in
Dollars or in one or more Offshore Currencies, as the Administrative Borrower
may request in its Request for Extension of Credit, in the full amount of such
Lender’s Pro Rata Share of the Commitment, such that the aggregate principal
amount of all such Loans made by the Lenders on the Closing Date (whether
denominated in Dollars or Offshore Currencies) shall equal the Commitment.

(b)           Amounts repaid under the Commitment may
not be reborrowed.

(c)           If the Administrative Borrower requests a
Borrowing on the Closing Date denominated in Dollars pursuant to its Request
for Extension of Credit, the Administrative Agent, promptly following its
receipt of such Request for Extension of Credit, shall notify each Lender of
its Pro Rata Share thereof, and each Lender shall make the funds for its Loan
available in Dollars to the Administrative Agent at the Administrative Agent’s
office not later than 12:00 noon, California time, on the Closing Date.

(d)           If the Administrative Borrower requests a
Borrowing on the Closing Date denominated in one or more Offshore Currencies
pursuant to its Request for Extension of Credit, the Administrative Agent,
promptly following its receipt of such Request for Extension of Credit, shall
notify each Lender of the aggregate amount of such Extension of Credit in such
Offshore Currency, the aggregate Dollar Equivalent of such Extension of Credit
and the applicable Spot Rate used by the Administrative Agent to determine such
Dollar Equivalent.  Each Lender shall,
subject to the next paragraph, make the funds for its Loan available in the

 25
 

currency of such Loan to
the Administrative Agent at the Administrative Agent’s Office not later than
12:00 noon, California time, on the Closing Date.

If any Lender (a “Nonfunding
Lender”) determines that it is unable, in its sole discretion and for any
reason, to fund an Offshore Currency Loan in a requested Offshore Currency to
the Administrative Borrower on the Closing Date, it shall notify the
Administrative Agent (who shall notify the Administrative Borrower and the
other Lenders) prior to the time specified by the Administrative Agent for
setting the rate for such Offshore Currency Loan.  In such case, the Administrative Agent shall
request another Lender to fund the Offshore Currency Loan which would otherwise
have been made by such Nonfunding Lender (a “Fronting Loan”).  If another Lender (a “Fronting Lender”),
in its sole discretion, elects to make a Fronting Loan, the Nonfunding Lender
shall be deemed to have irrevocably and unconditionally, purchased a risk
participation from the Fronting Lender in such Fronting Loan.  Upon demand of the Fronting Lender made at any
time through the Administrative Agent, the Nonfunding Lender shall fund its
risk participation in the Fronting Loan by delivering an amount equal to the
Dollar Equivalent of the principal amount of the Fronting Loan to the Fronting
Lender.  Notwithstanding anything else to
the contrary in this Agreement, unless and until the Nonfunding Lender funds
its risk participation in the Fronting Loan, all payments of principal in
respect of the Fronting Loan shall be for the account of the Fronting Lender,
and the Fronting Lender shall be entitled to interest in an amount equal to the
Overnight Rate in respect of the Fronting Loan, and such amount of interest
shall be deducted by the Administrative Agent from any interest payments made
by the Borrowers in respect of the Fronting Loan. Subject to the prior
sentence, unless the Nonfunding Lender has defaulted in its obligations under
this paragraph, the Nonfunding Lender shall be entitled to all interest
payments in respect of the Fronting Loan. 
The Nonfunding Lender shall indemnify the Fronting Lender upon demand
from and against any losses incurred by the Fronting Lender arising from
fluctuations in currency exchange rates in respect of the Fronting Loan.  If no Lender elects to make a Fronting Loan,
such Request for Extension of Credit shall be deemed withdrawn.

(e)           Upon satisfaction of the applicable
conditions set forth in Section 5.01, all funds so received shall
be made available to the Administrative Borrower in like funds received.  The Administrative Agent shall promptly
notify the Administrative Borrower and the Lenders of the interest rate
applicable to any Offshore Rate Loans upon determination of same.  The Administrative Agent shall from time to
time notify the Administrative Borrower and the Lenders of any change in Union
Bank’s reference rate used in determining the Base Rate following the public
announcement of such change.

(f)            The failure of any Lender to make its
Loan on the Closing Date shall not relieve any other Lender of any obligation
to make a Loan on such Date, but no Lender shall be responsible for the failure
of any other Lender to make its Loan.

2.02        Loan Accounts and Notes.

(a)           Subject to Section 2.02(b),
the Loans made by each Lender shall be evidenced by one or more loan accounts
maintained by such Lender in the ordinary course of business.  The loan accounts or records maintained by
the Administrative Agent and each Lender shall be rebuttable presumptive
evidence of the amount of the Loans made by the Lenders to the

 26
 

Borrowers and the
interest and payments thereon.  Any
failure so to record or any error in doing so shall not, however, limit or
otherwise affect the obligation of the Borrowers hereunder (and under any Note)
to pay any amount owing with respect to the Loans.

(b)           If requested by any Lender, the Borrowers
shall issue a Note payable to the order of such Lender in an amount equal to
the aggregate original principal amount of the Loans made by such Lender to the
Borrowers on the Closing Date, to evidence the Loans made by such Lender.  Each such Lender shall endorse on the
schedules annexed to its Notes, the date and amount of each Loan made by such
Lender.  Each Lender is irrevocably
authorized by the Borrowers to endorse its Notes and each Lender’s record shall
be rebuttable presumptive evidence; provided, however, that the
failure of a Lender to make, or an error in making, a notation thereon with
respect to any Loan shall not limit or otherwise affect the Obligations of a
Borrower hereunder or under any such Note to such Lender.

2.03        Conversions and Continuations of Loans.

(a)           From time to time after the Closing Date,
the Administrative Borrower, on behalf of all of the Borrowers, may irrevocably
request a Conversion or Continuation of Loans on any Business Day in a Minimum
Amount therefor by delivering a Request for Conversion/Continuation therefor by
Requisite Notice to the Administrative Agent not later than the Requisite Time
therefor.  All Conversions and
Continuations shall constitute Base Rate Loans unless properly and timely
otherwise designated as set forth in the prior sentence.

(b)           Except as otherwise provided herein,
Offshore Rate Loans may be Continued or Converted only on the last day of the
Interest Period for such Loan.  No Loan
may be Converted into or Continued as a Loan denominated in a different currency,
but instead must be continued or repaid in the original currency of such Loan.

(c)           Unless the Majority Lenders shall
otherwise agree, during the existence of an Event of Default, the Borrowers may
not elect to have a Loan be Converted into or Continued as, an Offshore Rate
Loan.

(d)           After giving effect to (a) the
Borrowing on the Closing Date or (b) any Conversion or Continuation of
Loans after the Closing Date, there shall not be more than 10 different
Interest Periods in effect at any time.

2.04        Optional Prepayments. 
Subject to Section 4.05, the Borrowers may upon Requisite
Notice given not later than the Requisite Time therefor to the Administrative
Agent, at any time or from time to time, ratably prepay Loans in a Minimum
Amount therefor.  Such notice of
prepayment shall specify the date and amount of such prepayment and whether
such prepayment is of Base Rate Loans or Offshore Rate Loans, or any
combination thereof. Such notice shall not thereafter be revocable by the
Borrowers and the Administrative Agent will promptly notify each Lender thereof
and of such Lender’s Pro Rata Share of such prepayment.  If such notice is given by the Borrowers, the
Borrowers shall make such prepayment and the payment amount specified in such
notice shall be due and payable on the date specified therein, together with
accrued interest on any Offshore Rate Loans prepaid to each such date on the
amount prepaid and any amounts required pursuant to Section 4.05.

 27
 

2.05        Repayment of Principal.

(a)           The Borrowers shall repay the principal
amount of the Loans in quarterly installments, in the applicable amounts set
forth in subsection (b) below, commencing on June 30, 2007 and continuing
each Quarterly Payment Date thereafter, through and including June 30,
2011.  On the Maturity Date, all unpaid
principal on the Loans shall be due and payable in full.

(b)           The quarterly installments payable
pursuant to subsection (a) above shall be in the correlative amounts indicated
below (percentage shown multiplied by the original principal amount of the
Loans):

	
  Payment Date

  	
   

  	
  Quarterly
  Repayment Percentage

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  June 30, 2007 and
  each Quarterly Payment Date thereafter through and including March 31,
  2009

  	
   

  	
  2.5

  	
  %

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  June 30, 2009 and
  each Quarterly Payment Date thereafter through and including June 30, 2011

  	
   

  	
  5.0

  	
  %

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Maturity Date

  	
   

  	
  35

  	
  %

  	
   

  

2.06        Interest.

(a)           Subject to Sections 2.06(d) and 11.01(b),
each Loan shall bear interest on the outstanding principal amount thereof from
the date when made to the date paid in full at a rate per annum equal to the
Offshore Rate or the Base Rate, as the case may be, plus the Applicable Margin
in effect.

(b)           Interest on each Loan shall be paid in
arrears on each Interest Payment Date. 
Interest shall also be paid on the date of any prepayment of Offshore
Rate Loans pursuant to Section 2.04 for the portion of the Loans so
prepaid and upon payment (including prepayment) in full thereof and, during the
existence of any Event of Default, interest shall be paid on demand.

(c)           While any Event of Default exists or
after acceleration, the Borrowers shall pay interest (after as well as before
entry of judgment thereon to the extent permitted by law) on the principal
amount of all Obligations due and unpaid, at a rate per annum equal to the sum
of the Base Rate plus the Applicable Margin based on Level 1 for Base Rate
Loans plus 2% per annum.

(d)           Anything herein to the contrary
notwithstanding, the obligations of the Borrowers hereunder shall be subject to
the limitation that payments of interest shall not be required for any period
for which interest is computed hereunder, to the extent (but only to the
extent) that contracting for or receiving such payment by the respective Lender
would be contrary to the provisions of any law applicable to such Lender
limiting the highest rate of

 28
 

interest which may be
lawfully contracted for, charged or received by such Lender, and in such event
the Borrowers shall pay such Lender interest at the highest rate permitted by
applicable law.

2.07        Fees.

(a)           Participation Fee. 
The Borrowers shall pay to the Administrative Agent on the Closing Date,
for the account of each Lender in accordance with its Pro Rata Share listed on Schedule 2.01(a),
a participation fee in an amount based upon each Lender’s Commitment as set
forth in a separate fee letter agreement among the Borrowers, the
Administrative Agent and the Arrangers.

(b)           Arrangement Fee. 
The Borrowers shall pay to the Administrative Agent on the Closing Date,
for the respective accounts of the Arrangers, an arrangement fee in the amount
set forth in a separate fee letter agreement among the Borrowers, the
Administrative Agent and the Arrangers.

2.08        Computation of Fees and Interest.

(a)           All computations of interest payable in
respect of Base Rate Loans at all times as the Base Rate is determined by Union
Bank’s “reference rate” shall be made on the basis of a year of 365 or 366
days, as the case may be, and actual days elapsed. All other computations of
fees and interest under this Agreement shall be made on the basis of a 360-day
year and actual days elapsed, which results in more interest being paid than if
computed on the basis of a 365-day year. 
Interest and fees shall accrue during each period during which interest
or such fees are computed from the first day thereof to the last day thereof
or, in the case of interest in respect of Loans denominated in Offshore
Currencies as to which market practice differs from the foregoing, in
accordance with such market practice.

(b)           The Administrative Agent will, with
reasonable promptness, notify the Administrative Borrower and the Lenders of
each determination of an Offshore Rate; provided, however, that
any failure to do so shall not relieve the Borrowers of any liability hereunder
or provide the basis for any claim against the Administrative Agent.  Any change in the interest rate on a Loan
resulting from a change in the Applicable Margin shall become effective as of
the opening of business on the day on which such change in the Applicable
Margin becomes effective.  The
Administrative Agent will with reasonable promptness notify the Administrative
Borrower and the Lenders of the effective date and the amount of each such
change, provided that any failure to do so shall not relieve any
Borrower of any liability hereunder or provide the basis for any claim against
the Administrative Agent.

(c)           Each determination of an interest rate by
the Administrative Agent shall be conclusive and binding on each Borrower and
the Lenders in the absence of manifest error. 
The Administrative Agent will, at the request of any Borrower or any
Lender, deliver to such Borrower or such Lender, as the case may be, a
statement showing the quotations used by the Administrative Agent in
determining any interest rate.

 29
 

2.09        Payments by the Borrowers.

(a)           Subject to Section 11.01(b),
all payments (including prepayments) to be made by the Borrowers on account of
principal, interest, fees and other amounts required hereunder shall, except as
otherwise expressly provided herein, be made without set-off, recoupment or
counterclaim; shall be made to the Administrative Agent for the ratable account
of the Lenders at the Administrative Agent’s Office and shall be made in the
currency of such Extension of Credit and in immediately available funds, no
later than the Requisite Time therefor on the date specified herein.  Subject to Section 11.01(b), the
Administrative Agent will promptly distribute to each Lender its Pro Rata Share
(or other applicable share as expressly provided herein) of such principal,
interest, fees or other amounts, in like funds as received. Any payment which
is received by the Administrative Agent later than the Requisite Time therefor
shall be deemed to have been received on the immediately succeeding Business
Day and any applicable interest or fee shall continue to accrue.  Notwithstanding any other provisions of this
Agreement, if and to the extent that EMU Legislation provides that amounts
denominated in the euro or a national currency unit (“NCU”) may be paid within
a country in either the euro or the NCU of that country by crediting an account
of the creditor in that country, payments may be made in either the euro or
such NCU.

(b)           Whenever any payment hereunder shall be
stated to be due on a day other than a Business Day, such payment shall be made
on the next succeeding Business Day, and such extension of time shall in such
case be included in the computation of interest or fees, as the case may be;
subject to the provisions set forth in the definition of “Interest Period”
herein.

(c)           Unless the Administrative Agent shall
have received notice from a Borrower prior to the date on which any payment is
due to the Lenders hereunder that such Borrower will not make such payment in
full as and when required hereunder, the Administrative Agent may assume that such
Borrower has made such payment in full to the Administrative Agent on such date
in immediately available funds and the Administrative Agent may (but shall not
be so required), in reliance upon such assumption, cause to be distributed to
each Lender on such due date an amount equal to the amount then due such
Lender.  If and to the extent a Borrower
shall not have made such payment in full to the Administrative Agent, each
Lender shall repay to the Administrative Agent on demand such amount
distributed to such Lender, together with interest thereon for each day from
the date such amount is distributed to such Lender until the date such each
such day.

2.10        Payments by Lenders to Administrative Agent.

(a)           Unless the Administrative Agent shall
have received notice from a Lender on the Closing Date that such Lender will
not make available to the Administrative Agent as and when required hereunder
for the account of the Borrowers the amount of that Lender’s Pro Rata Share of
the Borrowing, the Administrative Agent may assume that each Lender has made
such amount available to the Administrative Agent in immediately available
funds on the Closing Date and the Administrative Agent may (but shall not be so
required), in reliance upon such assumption, make available to the Borrowers on
the Closing Date a corresponding amount. 
If and to the extent any Lender shall not have made its full amount
available to the Administrative Agent in immediately available funds and the
Administrative Agent in such circumstances has

 30
 

made available to the
Borrowers such amount, that Lender shall on the next Business Day following the
date of such Borrowing make such amount available to the Administrative Agent,
together with interest at the Overnight Rate for and determined as of each day
during such period.  A notice of the
Administrative Agent submitted to any Lender with respect to amounts owing
under this Section 2.12(a) shall be conclusive, absent manifest
error.  If such amount is so made
available, such payment to the Administrative Agent shall constitute such
Lender’s Loan on the date of Borrowing for all purposes of this Agreement.  If such amount is not made available to the
Administrative Agent on the next Business Day following the date of such
Borrowing, the Administrative Agent shall notify the Administrative Borrower of
such failure to fund and, upon demand by the Administrative Agent, the
Borrowers shall pay such amount to the Administrative Agent for the
Administrative Agent’s account, together with interest thereon for each day
elapsed since the date of such Borrowing, at a rate per annum equal to the
interest rate applicable at the time to the Loans comprising such Borrowing.

(b)           The failure of any Lender to make its
Loans on the Closing Date shall not relieve any other Lender of any obligation
hereunder to make its Loan on the Closing Date, but no Lender shall be
responsible for the failure of any other Lender to make the Loans to be made by
such other Lender on the Closing Date.

2.11        Sharing of Payments, Etc. 
If, other than as expressly provided elsewhere herein, any Lender shall
obtain on account of the Loans made by it any payment (whether voluntary,
involuntary, through the exercise of any right of set-off, or otherwise) in
excess of its Pro Rata Share of payments on account of the Loans obtained by
all the Lenders, such Lender shall forthwith (a) notify the Administrative
Agent of such fact, and (b) purchase from the other Lenders such
participations in the Loans made by them as shall be necessary to cause such
purchasing Lender to share the excess payment ratably with each of them; provided,
however, that if all or any portion of such excess payment is thereafter
recovered from the purchasing Lender, such purchase shall to that extent be
rescinded and each other Lender shall repay to the purchasing Lender the
purchase price paid therefor, together with an amount equal to such paying
Lender’s Pro Rata Share (according to the proportion of (i) the amount of
such paying Lender’s required repayment to (ii) the total amount so
recovered from the purchasing Lender) of any interest or other amount paid or
payable by the purchasing Lender in respect of the total amount so
recovered.  Each Borrower agrees that any
Lender so purchasing a participation from another Lender pursuant to this Section 2.11
may, to the fullest extent permitted by law, exercise all its rights of payment
(including the right of set-off, but subject to Section 11.09) with
respect to such participation as fully as if such Lender were the direct
creditor of such Borrower in the amount of such participation.  The Administrative Agent will keep records
(which shall be conclusive and binding in the absence of manifest error) of
participations purchased pursuant to this Section 2.13 and will in each
case notify the Lenders following any such purchases or repayments.

 31
 

2.12        Guaranty.  All
Obligations shall be unconditionally guaranteed by the Guarantors pursuant to
the Master Guaranty which shall be administered in accordance with Section 7.17.  The Administrative Agent and each Lender
consent to the terms and conditions of the Master Guaranty.

SECTION 3.  INTENTIONALLY OMITTED

SECTION 4.  TAXES, YIELD PROTECTION AND ILLEGALITY

4.01        Taxes.

(a)           Any and all payments by the Borrowers to
each Lender or the Administrative Agent under this Agreement shall be made free
and clear of, and without deduction or withholding for, any and all present or
future Taxes, excluding, in the case of each Lender and the Administrative
Agent, (i) such Taxes (including income taxes or franchise taxes) as are
imposed on or measured by each Lender’s net income or net profits by any
Governmental Authority in any jurisdiction under the laws of which such Lender
or the Administrative Agent, as the case may be, is organized, has its
principal office or maintains a Lending Office or by any such Governmental
Authority as a result of a present or former connection between such Lender or
the Administrative Agent, as the case may be, and such jurisdiction,
(ii) any branch profits tax imposed by the United States or any similar
tax imposed by any other Governmental Authority in any jurisdiction in which
such Lender or the Administrative Agent, as the case may be, is located,
(iii) any Taxes which would not have been imposed but for the failure or
unreasonable delay by such Lender or the Administrative Agent, as the case may
be, to complete, provide or file and update or renew any application, form,
certificate, document or other evidence required from time to time, properly
completed and duly executed, to qualify for any applicable exemption from or
reduction of Taxes, and (iv) any Taxes imposed solely as a result of gross
negligence or willful misconduct on the part of such Lender or the
Administrative Agent, as the case may be) (all such non-excluded taxes, levies,
imposts, deductions, charges, withholdings and liabilities being hereinafter
referred to as “Lender Taxes”).

(b)           In addition, for the avoidance of doubt,
the Borrowers shall pay any present or future stamp or documentary taxes or any
other excise or property taxes, charges or similar levies which arise from any
payment made hereunder or from the execution, delivery or registration of, or
otherwise with respect to, this Agreement or any other Loan Documents
(hereinafter referred to as “Other Taxes”).

(c)           Subject to Section 4.01(g),
the Borrowers shall indemnify and hold harmless each Lender and the
Administrative Agent for the full amount of the Lender Taxes or Other Taxes
(including any Lender Taxes or Other Taxes imposed by any jurisdiction on amounts
payable under this Section 4.01 paid by the Lender or the
Administrative Agent and any liability (including penalties, interest,
additions to tax and expenses) arising therefrom or with respect thereto,
whether or not such Lender Taxes or Other Taxes were correctly or legally
asserted.  Payment under this
indemnification shall be made within 30 days from the date the Lender or the
Administrative Agent makes written demand therefor.

 32

(d)                                  If a Borrower shall be required by law to
deduct or withhold any Lender Taxes or Other Taxes from or in respect of any
sum payable hereunder to any Lender or the Administrative Agent, then, subject
to Section 4.01(g): 
(i) the sum payable shall be increased as necessary so that after
making all required deductions (including deductions applicable to additional
sums payable under this Section 4.01) such Lender or the
Administrative Agent, as the case may be, receives an amount equal to the sum
it would have received had no such deductions been made; (ii) such
Borrower shall make such deductions, and (iii) such Borrower shall pay the
full amount deducted to the relevant taxation authority or other authority in
accordance with applicable law.

(e)                                  Within 30 days after the date of any
payment by a Borrower of the Lender Taxes or Other Taxes, each Borrower shall
furnish to the Administrative Agent the original or a certified copy of a
receipt evidencing payment thereof, or other evidence of payment satisfactory
to the Administrative Agent.

(f)                                    If a Borrower is required to pay
additional amounts to any Lender or the Administrative Agent pursuant to Section 4.01(d),
then such Lender shall use its reasonable best efforts (consistent with legal
and regulatory restrictions) to change the jurisdiction of its Lending Office
so as to eliminate any such additional payment by a Borrower which may
thereafter accrue if such change in the judgment of such Lender is not
otherwise disadvantageous to such Lender.

(g)                                 If any Borrower determines in good faith
that a reasonable basis exists for contesting a Lender Tax or Other Tax with
respect to which additional amounts have been paid pursuant to this
Section 4.01, the relevant Lender or Administrative Agent, as applicable, shall
cooperate with such Borrower (but shall have no obligation to disclose any
confidential information, unless arrangements satisfactory to the relevant
Lender have been made to preserve the confidential nature of such information)
in challenging such Lender Tax at such Borrower’s expense if requested by such
Borrower (it being understood and agreed that neither the Administrative Agent
nor any Lender shall have any obligation to contest, or any responsibility for
contesting, any Tax).  If a Lender shall
become aware that it is entitled to receive a refund (whether by way of a
direct payment or by offset) in respect of a Lender Tax or Other Tax with
respect to which additional amounts have been paid pursuant to this
Section 4.01, it shall promptly notify such Borrower of the availability
of such refund (unless it was made aware of such refund by a Borrower) and
shall, within 30 days after the receipt of a request from such Borrower, apply
for such refund at such Borrower’s sole expense.  If any Lender or Administrative Agent, as
applicable, receives a refund (whether by way of a direct payment or by offset)
of any Lender Tax or Other Tax with respect to which additional amounts have
been paid pursuant to this Section 4.01 and which, in the reasonable good
faith judgment of such Lender or Administrative Agent, as the case may be, is
allocable to such payment, the amount of such refund (together with any
interest received thereon) shall be paid to such Borrower to the extent payment
of such Lender Tax or Other Tax has been made in full as and when required
pursuant to this Section 4.01.

 33
 

4.02                        Increased Costs
and Reduction of Return.

(a)                                  If any Lender or any Issuing Lender shall
determine that, due to either (i) the introduction of or any change (other
than any change by way of imposition of or increase in reserve requirements
contemplated by subsection (c) below) in or in the interpretation of any
law or regulation or (ii) the compliance with any guideline or request
arising after the date hereof from any central bank or other Governmental
Authority (whether or not having the force of law), there shall be any increase
in the cost to such Lender of agreeing to make or making, funding, maintaining
or risk participating in any Offshore Rate Loans, then the Borrowers shall be
liable for, and shall from time to time, upon demand therefor by such Lender
(with a copy of such demand to the Administrative Agent), pay to the
Administrative Agent for the account of such Lender additional amounts as are
sufficient to compensate such Lender for such increased costs.

(b)                                  If any Lender shall have determined that
(i) the introduction of any Capital Adequacy Regulation, (ii) any
change in any Capital Adequacy Regulation, (iii) any change in the
interpretation or administration of any Capital Adequacy Regulation by any
central bank or other Governmental Authority charged with the interpretation or
administration thereof, or (iv) compliance by the Lender (or its Lending
Office) or any corporation controlling the Lender with any Capital Adequacy
Regulation; affects or would affect the amount of capital required or expected
to be maintained by the Lender or any corporation controlling the Lender and
(taking into consideration such Lender’s or such corporation’s policies with
respect to capital adequacy and such Lender’s or corporation’s desired return
on capital) determines that the amount of such capital is increased as a
consequence of its Commitments, loans, credits or obligations under this
Agreement, then, upon demand of such Lender (with a copy to the Administrative
Agent), the Borrowers shall pay to the Lender, from time to time as specified
by the Lender, additional amounts sufficient to compensate the Lender for such
increase.

(c)                                  The Borrowers shall pay to each Lender,
as long as such Lender shall be required to maintain reserves with respect to
liabilities or assets consisting of or including eurocurrency funds or deposits
(currently known as “Eurocurrency liabilities”), additional costs on the unpaid
principal amount of each Offshore Rate Loan equal to the actual costs of such
reserves allocated to such Loan by such Lender (as determined by such Lender in
good faith, which determination shall be conclusive), which shall be due and
payable on each date on which interest is payable on such Loan.

4.03                        Illegality.

(a)                                  If any Lender shall determine that the
introduction of any Applicable Laws or any change in any Applicable Law, or in
the interpretation or administration thereof, has made it unlawful, or that any
central bank or other Governmental Authority has asserted that it is unlawful,
for any Lender or its Lending Office to make Offshore Rate Loans, then, on
notice thereof by the Lender to the Administrative Borrower through the
Administrative Agent, the obligation of that Lender to make Offshore Rate Loans
shall be suspended until the Lender shall have notified the Administrative
Agent and the Administrative Borrower that the circumstances giving rise to
such determination no longer exist.

 34
 

(b)                                  If a Lender shall determine that it is
unlawful to maintain any Offshore Rate Loan, each Borrower shall prepay in full
all Offshore Rate Loans of that Lender then outstanding, together with interest
accrued thereon, either on the last day of the Interest Period thereof if the
Lender may lawfully continue to maintain such Offshore Rate Loans to such day,
or immediately, if the Lender may not lawfully continue to maintain such
Offshore Rate Loans, together with any amounts required to be paid in
connection therewith pursuant to Section 4.05.

4.04                        Inability to Determine Rates. 
If the Administrative Agent shall have determined that for any reason
adequate and reasonable means do not exist for ascertaining the Offshore Rate
for any requested Interest Period with respect to a proposed Offshore Rate Loan
or that the Offshore Rate applicable to any requested Interest Period with
respect to a proposed Offshore Rate Loan does not adequately and fairly reflect
the cost to such Lender of funding such Loan, the Administrative Agent will
forthwith give notice of such determination to the Parent and each Lender.  Thereafter, the obligation of the Lenders to
make or maintain Offshore Rate Loans, as the case may be, hereunder shall be
suspended until the Administrative Agent upon the instruction of the Majority
Lenders revokes such notice in writing. 
Upon receipt of such notice, the Administrative Borrower may revoke any
Request for Conversion/Continuation then submitted by it.  If the Administrative Borrower does not
revoke such notice, the Lenders shall make, Convert or Continue the Loans, as
proposed by the Administrative Borrower, in the amount specified in the
applicable notice submitted by the Administrative Borrower, but such Loans
shall be made, Converted or Continued as Base Rate Loans instead of Offshore Rate
Loans.

4.05                        Funding Losses. 
Each Borrower agrees to reimburse each Lender and to hold each Lender
harmless from any loss or expense which such Lender may sustain or incur as a
consequence of:  (a) the failure of
such Borrower to make any payment of principal of any Offshore Rate Loan
(including payments made after any acceleration thereof); (b) the failure
of such Borrower to Borrow, Continue or Convert a Loan after such Borrower has
given (or is deemed to have given) a Request for Extension of Credit or Request
for Continuation/Conversion, as applicable; (c) the failure of such
Borrower to make any prepayment after such Borrower has given a notice in
accordance with Section 2.04, 2.05 or 2.06;
(d) the payment of an Offshore Rate Loan on a day which is not the last
day of the Interest Period, with respect thereto; or (e) the conversion of
any Offshore Rate Loan to a Base Rate Loan on a day that is not the last day of
the respective Interest Period; including any such loss or expense arising from
the liquidation or reemployment of funds obtained by it to maintain its
Offshore Rate Loans hereunder or from fees payable to terminate the deposits
from which such funds were obtained. 
Solely for purposes of calculating amounts payable by a Borrower to the
Lenders under this Section 4.05 and under Section 4.03(a),
each Offshore Rate Loan made by a Lender (and each related reserve, special
deposit or similar requirement) shall be conclusively deemed to have been
funded at the Offshore Base Rate used in determining the Offshore Rate for such
Offshore Rate Loan by a matching deposit or other borrowing in the interbank
offshore market for a comparable amount and for a comparable period, whether or
not such Offshore Rate Loan is in fact so funded.

4.06                        Certificates of Lenders. 
Any Lender claiming reimbursement or compensation pursuant to this Section 4
shall deliver to the Parent (with a copy to the Administrative Agent) a

 35
 

certificate setting forth
in reasonable detail the amount payable to the Lender hereunder and such certificate
shall be conclusive and binding on the Borrowers in the absence of manifest
error.

4.07                        Substitution of Lenders. 
Upon the receipt by the Parent from any Lender (an “Affected Lender”)
of a claim for compensation under Section 4.01 or 4.02,
the Parent may:  (a) request the
Affected Lender to, use its best efforts to obtain a replacement bank or
financial institution satisfactory to the Parent, to acquire and assume all or
a ratable part of all of such Affected Lender’s Loans and Commitments (a “Replacement
Lender”); (b) request one more of the other Lenders to acquire and
assume all or part of such Affected Lender’s Loans and Commitments; or
(c) designate a Replacement Lender. 
Any such designation of a Replacement Lender under clause (a) or (c) shall
be subject to the prior written consent of the Administrative Agent (which
consent shall not be unreasonably withheld).

4.08                        Survival. 
The agreements and obligations of the Borrowers in this Section 4
shall survive the payment of all other Obligations.

SECTION 5.  CONDITIONS TO LOANS AND LETTERS OF CREDIT

5.01                        Conditions
Precedent to Loans.

The obligation of each
Lender to make any Loans shall be subject to satisfaction or written waiver by
the Administrative Agent of all of the following conditions precedent on the
Closing Date:

(a)                                  Delivery of Certain Documents. 
The Administrative Agent shall have received all of the following, each
of which shall be in form and substance satisfactory to the Administrative
Agent and each Lender and, except for any Notes, in sufficient copies for each
Lender:

(1)                                  This Agreement, duly executed by each
Borrower, all the Lenders, and the Administrative Agent;

(2)                                  Each Note requested by any Lender,
executed by each Borrower and payable to the order of such Lender;

(3)                                  The Master Guaranty, duly executed by the
Guarantors and the Administrative Agent;

(4)                                  A Request for Extension of Credit, duly
executed by the Administrative Borrower;

(5)                                  The names and true signatures of the
officers of each Borrower Party initially authorized to sign each Loan Document
to which it is a party, and the resolutions of each Borrower Party’s Board of
Directors approving and authorizing the execution, delivery and performance of
each Loan Document to which it is a party, in each case certified by the
secretary or assistant secretary of such Borrower Party;

 36
 

(6)                                  The Parent Credit Agreement and each of
the other Loan Documents (as defined in the Parent Credit Agreement), duly
executed by each of the parties hereto;

(7)                                  Copies of the constituent documents of
each Borrower Party certified by its secretary or assistant secretary;

(8)                                  A favorable legal opinion dated the
Closing Date addressed to the Administrative Agent and the Lenders from counsel
to the Borrower Parties, which may be from in-house counsel;

(9)                                  A certificate signed by the Chief
Executive Officer, Vice Chairman, President, Controller, Chief Financial
Officer and Treasurer or any Senior Vice President of each Borrower Party,
dated the Closing Date, certifying, after due inquiry and solely in such
officer’s capacity as an officer of the applicable Borrower Party:

(a)                                  that the representations and warranties
herein contained as to the Borrowers and the representations and warranties
contained in the Master Guaranty as to the Guarantors are true and correct in
all material respects, as if made on and as of the Closing Date;

(b)                                 that no Default or Event of Default has
occurred and is continuing or would result from any Extension of Credit being
made on the Closing Date;

(c)                                  that all conditions precedent set forth
in this Section 5.01 have been satisfied;

(d)                                 that the Borrowers and each Guarantor, on
a pro forma basis after giving effect to
the extensions of credit hereunder, will be Solvent.

(10)                            Such other approvals, opinions, documents
or materials as the Administrative Agent or any Lender may request.

(b)                                  Financial Information. 
The Arrangers shall have been satisfied with their review of the
following:

(1)                                  The Borrowers’ and the Guarantors’
(excluding the Parent’s) preceding two year’s fiscal year end and most recent
interim operating and financial statements, as prepared by the Parent and
converted into Dollars; and

(2)                                  Financial projections for the term of
this Agreement, including, but not limited to, a balance sheet, income
statement and statement of cash flows for the Parent and its Subsidiaries.

(c)                                  Legal, Tax and Regulatory Matters. 
The Arrangers and their counsel shall have been reasonably satisfied
with their review of all legal, tax and regulatory matters relating to the
transactions contemplated under this Agreement.

 37
 

(d)                                  Fees. 
The Borrowers shall have paid to the Administrative Agent the fees
required under Section 2.07.

(e)                                  Representations and Warranties. 
All of the representations and warranties of the Borrowers contained in Section 6
and in any other Loan Documents and all of the representations and warranties
of the Guarantors in the Master Guaranty and in any other Loan Documents shall
be true and correct in all material respects on and as of the Closing Date as
though made on and as of that date.

(f)                                    No Default. 
No Default or Event of Default shall have occurred and be continuing or
would result from the Borrowing being made on the Closing Date.

(g)                                 No Material Adverse Change. 
No material adverse change shall have occurred (i) in the business,
assets, prospects, results of operations or financial condition of the
Borrowers, MCAL and their respective Subsidiaries, taken as a whole (measured
against the business, assets, prospects, results of operations or financial
condition of the Borrowers, MCAL and their respective Subsidiaries as of June
30, 2006 or as reported by the Borrowers, MCAL and their respective
Subsidiaries as of such date), or (ii) in the ability of the Borrowers,
MCAL and their respective Subsidiaries to perform their obligations under the
Loan Documents.

(h)                                 Applicable Law. 
The financings and other transactions contemplated hereby and the other
Loan Documents shall not contravene in any material respect any Applicable Law
applicable to the Administrative Agent or any Lender.

(i)                                    Minimum EBITDA of Borrowers and
Guarantors.  The sum of the aggregate earnings before
interest, taxes, depreciation and amortization (“EBITDA”) of the Borrowers and
the Guarantors (excluding Parent) and their respective wholly-owned direct and
indirect subsidiaries (without duplication) for the six months ended
March 31, 2006, multiplied by two, shall equal at least 85%
of the aggregate consolidated EBITDA reported on the Closing Date by the
offshore group of the Parent’s Subsidiaries whose members include all
Subsidiaries within the ANZAME, Hong Kong/China, and UK/European groups (the “Offshore
Group”) for the six months ended March 31, 2006, multiplied by
two, and the method of calculation of EBITDA for the purpose of this condition
shall have been reasonably satisfactory to the Arrangers.

(j)                                    Request for Extension of Credit. 
The Administrative Agent shall have timely received a Request for
Extension of Credit by Requisite Notice by the Requisite Time therefor.

(k)                                No Prohibition or Adverse
Litigation.  No Applicable Law shall prohibit, and no bona
fide litigation shall be pending or threatened against the Administrative
Agent, any Lender, or any Borrower Party which in the judgment of the
Administrative Agent is reasonably expected to prevent or make unlawful, or
impose any material adverse condition upon, the Loans or any other Loan
Document, or such Borrower Party’s ability to perform its obligations hereunder
or thereunder, as applicable.

5.02                        Conditions for a Subsidiary
Becoming a Guarantor.  Whenever a Subsidiary of the
Parent is required to become a Guarantor pursuant to Section 7.17,
the Administrative

 38
 

Borrower shall, and/or
shall cause such Subsidiary to, deliver to the Administrative Agent each of the
following with respect to such Subsidiary, in form and substance satisfactory
to the Administrative Agent:

(a)                                  the items referred to in Section 5.01(a)(5)
and, to the extent not previously delivered, the items referred in Section 5.01(a)(7).

(b)                                  the opinion of counsel to the other Borrower
Parties and such Subsidiary (which may be from in-house counsel or from such
other counsel designated by the Administrative Borrower and acceptable to the
Administrative Agent) as to (i) such Subsidiary’s obligations under the
Loan Documents to which it will be a party being the legal, valid, binding and
enforceable obligation of such Subsidiary and (ii) the execution, delivery
and performance of such Loan Documents by such Subsidiary (A) being
authorized by all necessary corporate, company or partnership action, as
applicable, (B) not violating any law, decree, judgment or contractual
obligation to which such Subsidiary is a party or by which it or its assets are
bound, and (C) not requiring any government approvals, consents,
registrations or filings.

(c)                                  a duly executed and completed joinder
agreement in the form of Exhibit B to the Master Guaranty whereby such
Subsidiary agrees to be bound by the terms and conditions of the Master
Guaranty as a Guarantor in accordance with the terms thereof.

(d)                                  Such other approvals, opinions or
documents as the Administrative Agent or any Lender may reasonably request.

SECTION 6.  REPRESENTATIONS AND WARRANTIES

Each Borrower with
respect to itself and its Subsidiaries represents and warrants to the
Administrative Agent and the Lenders as follows:

6.01                        Organization,
Powers and Good Standing.

(a)                                  Organization and Powers. 
Such Borrower and each of its Subsidiaries is duly organized, validly
existing and in good standing under the laws of its jurisdiction of formation
and has all requisite corporate power and authority and the legal right to own
and operate its properties and to carry on its business as heretofore conducted
in each case where failure to be so qualified would have a Material Adverse
Effect.  Such Borrower and each of its
Subsidiaries has all requisite corporate power and authority to enter into this
Agreement and the other Loan Documents to which it is a party, to issue the
Notes and to carry out the transactions contemplated hereby and thereby.  Each Guarantor has all requisite power and
authority to enter into each Loan Document to which it is a party and to carry
out the transactions contemplated thereby. 
Such Borrower and each of its Subsidiaries possesses all Governmental
Approvals, in full force and effect, that are necessary for the ownership,
maintenance and operation of its properties and conduct of its business as now
conducted and proposed to be conducted in each case, and is not in material
violation thereof, except where failure to be so qualified or such violation
would not have a Material Adverse Effect.

(b)                                  Good Standing. 
Such Borrower and each of its Subsidiaries is duly qualified and in good
standing and authorized to do business in each jurisdiction where the

 39
 

nature of its business
activities conducted or properties owned or leased requires it to be so
qualified and where the failure to be so qualified would have a Material
Adverse Effect.

(c)                                  Partnerships and Joint Ventures. 
Except as set forth on Schedule 6.01 hereto, as of the
Closing Date neither such Borrower nor any of its Subsidiaries is a general
partner or a party to or a limited partner in any general or limited,
partnership or a joint venturer in any Joint Venture which has liabilities of
$10,000,000 or more.  Each partnership and
Joint Venture listed on Schedule 6.01 is duly organized and
qualified or authorized to do business in each jurisdiction where the nature of
its business activities conducted or properties owned or based requires it to
be so qualified and where the failure to be so qualified would have a Material
Adverse Effect.

6.02                        Authorization,
Binding Effect, No Conflict, Etc.

(a)                                  Authorization by Borrower Parties. 
The execution, delivery and performance by such Borrower and each of its
Subsidiaries of each Loan Document to which it is a party has been duly
authorized by all necessary corporate action on the part of such Borrower or
Subsidiary.

(b)                                  Execution and Delivery by
Borrower Parties.  Each Loan Document to which such Borrower or
any of its Subsidiaries is a party has been duly executed and delivered by such
Borrower or Subsidiary.

(c)                                  Binding Obligations of Borrower
Parties.  Each Loan Document to which such Borrower or
any of its Subsidiaries is party is the legal, valid and binding obligation of
such Borrower or Subsidiary, enforceable against such Borrower or Subsidiary in
accordance with its terms, except as may be limited by equitable principles and
by bankruptcy, insolvency, reorganization, moratorium or similar laws relating
to creditors’ rights generally.

(d)                                  No Conflict. 
The execution, delivery and performance by such Borrower or any of its
Subsidiaries of each Loan Document to which it is party, and the consummation
of the transactions contemplated hereby and thereby, do not and will not
(i) violate any provision of the charter or bylaws of such Borrower or
Subsidiary, (ii) conflict with, result in a breach of, or constitute (or,
with the giving of notice or lapse of time or both, would constitute) a default
under, or require the approval or consent of any Person pursuant to any
material contractual obligation of such Borrower or Subsidiary or violate any
provision of Applicable Law binding on such Borrower or Subsidiary, except
where such default, breach, conflict or violation would not individually or in
the aggregate have a Material Adverse Effect, or (iii) result in the
creation or imposition of any Lien upon a material asset of such Borrower or
Subsidiary, except for Liens in favor of the Administrative Agent or that would
not violate Section 8.01.

(e)                                  Governmental Approvals. 
No Governmental Approval is or will be required to be obtained by such
Borrower or any of its Subsidiaries in connection with the execution, delivery
and performance by such Borrower or Subsidiary of each Loan Document to which it
is a party or the transactions contemplated hereby or thereby except where the
failure to obtain such Governmental Approval would not have a Material Adverse
Effect.

 40
 

6.03                        Financial
Information.

The Borrowers’ and
Guarantors’ (excluding the Parent’s) preceding two year’s fiscal year end and
most recent interim financial statements, as prepared by the Parent and
converted into Dollars, delivered to the Administrative Agent pursuant to Section 5.01(b)(1),
were prepared in accordance with GAAP consistently applied and fairly present
the consolidated financial position of such Borrower and its Subsidiaries as at
the date thereof and the results of operations and cash flow of the Borrowers
and the Guarantors (other than the Parent) and their respective Subsidiaries
for the period then ended, subject to changes resulting from audits and, in the
case of interim financial statements, year-end adjustments.  Neither such Borrower nor any of its
Subsidiaries had on such dates any Contingent Obligations, liabilities for
Taxes or long-term leases, forward or long-term commitments or unrealized
losses from any unfavorable commitments which are not reflected in the
foregoing statements and which are material to the business, assets, prospects,
results of operation or financial condition of such Borrower and its
Subsidiaries, taken as a whole, other than leases for office premises, office
equipment (including computers) and similar types of operating leases in the
ordinary course of business.

6.04                        No Material Adverse Effect. 
Since March 31, 2006, there has been no Material Adverse Effect.

6.05                        Litigation.  As
of the Closing Date, except as set forth in Schedule 6.05 or any
other schedule attached hereto, there are no actions, suits or proceedings
pending or, to the knowledge of such Borrower, threatened against or affecting
such Borrower or any of its Subsidiaries or any of the properties of such
Borrower or any of its Subsidiaries before any Governmental Authority
(a) in which there is a reasonable possibility of an adverse determination
that would have a Material Adverse Effect, or (b) which draws into
question the validity or the enforceability of this Agreement, any other Loan
Document or any transaction contemplated hereby.

6.06                        Agreements; Applicable Law. 
Except as set forth in Schedule 6.06, neither such Borrower
nor any of its Subsidiaries is in violation of any Applicable Law, or in
default under any contractual obligations to which it is a party or by which
its property is bound, except where such violation or default would not
individually or in the aggregate have a Material Adverse Effect.

6.07                        Taxes. 
Except to the extent permitted by Section 7.04, all material
tax returns and reports of such Borrower and its Subsidiaries required to be
filed by any of them have been timely filed, and all material Taxes which are
due and payable have been paid when due and payable.  Except as described on Schedule 6.07,
such Borrower knows of no proposed tax assessment against such Borrower or any
of its Subsidiaries which is not being actively contested by such Borrower or
such Subsidiary in good faith and by appropriate proceedings and which could
reasonably be expected to result in a Material Adverse Effect; provided that
such reserves or other appropriate provisions, if any, as shall be required in
conformity with GAAP shall have been made or provided therefor.  Neither any such Borrower nor any Subsidiary
of such Borrower is a party to or obligated under any tax sharing or similar
agreement other than the Tax Sharing Agreement.

 41
 

6.08                        Governmental Regulation. 
Neither such Borrower nor any Subsidiary of such Borrower is (i) an
“investment company” registered or required to be registered under the
Investment Company Act of 1940, as amended, or a company controlled by such a
company or (ii) subject to regulation under the Federal Power Act, the
Interstate Commerce Act or to any Federal or state statute or regulation
limiting its ability to incur Indebtedness for money borrowed.

6.09                        Margin Regulations. 
Neither such Borrower nor any of its Subsidiaries is engaged
principally, or as one of its important activities, in the business of
extending credit for the purposes of purchasing or carrying Margin Stock.  The execution, delivery and performance of
the Loan Documents by such Borrower and its Subsidiaries will not violate the
Margin Regulations.

6.10                        Employee Benefit Plans. 
Such Borrower and each of its Subsidiaries have met the minimum funding
requirements of all Applicable Laws relating to employee benefit plans, and no
event has occurred resulting from the failure of such Borrower or any of its
Subsidiaries to comply with any Applicable Law relating to employee benefit
plans, in either case that could reasonably be expected to result in a Material
Adverse Effect.

6.11                        Title to Property; Liens. 
Such Borrower and each of its Subsidiaries have good and marketable
title to, or valid and subsisting leasehold interests in, all of their
respective Real Property, and good title to or valid and subsisting leasehold
interests in all of their respective other property reflected in their books
and records as being owned by them, and none of such property is subject to any
Lien, except for Permitted Liens.

6.12                        Intentionally
Omitted

6.13                        Licenses, Trademarks; Etc. 
Such Borrower and each of its Subsidiaries owns or holds valid licenses
in all necessary Trademarks, copyrights, patents, patent rights, licenses and
other similar rights which are material to the conduct of its business as
heretofore operated.  Neither such
Borrower nor any of its Subsidiaries has been charged or, to the knowledge of
such Borrower, threatened to be charged with any infringement of, nor has any
of them infringed on, any unexpired Trademark, patent, patent registration,
copyright, copyright registration or other proprietary right of any Person
except where the effect thereof individually or in the aggregate would not have
a Material Adverse Effect or except as set forth on Schedule 6.13.

6.14                        Environmental Condition. 
Such Borrower and each of its Subsidiaries are in compliance in all
material respects with all Environmental Laws, except where the failure to
comply could not reasonably be expected to result in a Materially Adverse
Effect.

6.15                        Solvency. 
After giving effect to the transactions contemplated by the Loan Documents
and the payment of all fees related thereto and hereto, as of the Closing Date,
the Borrower Parties on a consolidated basis are Solvent.

6.16                        Absence of Certain Restrictions.  Neither such Borrower nor any of its
Subsidiaries is subject to any contractual obligation which restricts or limits
the ability of such Subsidiary to (a) pay dividends or make any
distributions on its capital stock, (b) pay Indebtedness owed to such
Borrower or any other Subsidiary of such Borrower, (c) make any

 42
 

loans or advances to such
Borrower or (d) except as provided in contractual obligations respecting
the specific assets subject to Permitted Liens, transfer any of its property to
such Borrower.

6.17                        Labor Matters.  There are no material strikes or other labor
disputes or grievances pending or, to the knowledge of such Borrowers,
threatened against such Borrower or any of its Subsidiaries except as described
on Schedule 6.17.  Neither
such Borrower nor any Subsidiary of such Borrower is a party to any collective
bargaining agreement except as described on Schedule 6.17.  Such Borrower and its Subsidiaries have
complied in all material respects with the requirements of all Applicable Laws
relating to labor and employment matters, except where the failure to comply
could not reasonably be expected to result in a Material Adverse Effect..

6.18                        Full Disclosure. 
To the knowledge of such Borrower, none of the representations or
warranties made by such Borrower in the Loan Documents as of the date such
representations and warranties are made or deemed made, and none of the
statements contained in each exhibit, report, statement or certificate
furnished by or on behalf of such Borrower in connection with the Loan
Documents (including the offering and disclosure materials delivered by or on
behalf of such Borrower to the Lenders prior to the Closing Date), contains any
untrue statement of a material fact or omits any material fact required to be
stated therein or necessary to make the statements made therein, in light of
the circumstances under which they are made, not misleading as of the time when
made or delivered.

6.19                        Tax Shelter Regulations. 
Such Borrower does not intend to treat the Loans and related
transactions as being a “reportable transaction” (within the meaning of Treasury
Regulation Section 1.6011­4).  In
the event such Borrower determines to take any action inconsistent with such
intention, the Administrative Borrower will promptly notify the Administrative
Agent thereof.  If the Administrative
Borrower so notifies the Administrative Agent, the Borrowers acknowledge that
one or more of the Lenders may treat its Loans and/or its interest in Letters
of Credit as part of a transaction that is subject to Treasury Regulation
Section 301.6112-1, and such Lender or Lenders, as applicable, will
maintain the lists and other records required by such Treasury Regulation.

SECTION 7.  AFFIRMATIVE COVENANTS

The Borrowers covenant
and agree that, until all Obligations are paid in full, the Borrowers shall
perform each and all of the following:

7.01                        Financial Statements. 
The Administrative Borrower shall deliver to the Administrative Agent,
with sufficient copies for each Lender, as soon as practicable and in any event
within 120 days after the end of each Fiscal Year, internal financial
statements of the Borrowers, the Guarantors (excluding the Parent) and the
Offshore Group for such Fiscal Year, prepared by the Parent and converted into
Dollars, in form and setting forth financial information reasonably
satisfactory to the Arrangers.

7.02                        Certificates; Other Information. 
If the Parent Credit Agreement is no longer in effect (and the Parent
therefore is not separately providing such certificates and information to

 43
 

the administrative agent
thereunder), the Administrative Borrower shall furnish to the Administrative
Agent, with sufficient copies for each Lender:

(a)                                  together with each delivery of internal
financial statements of the Borrowers, the Guarantors (excluding the Parent)
and the Offshore Group pursuant to Section 7.01 above, a compliance
certificate of the chief financial officer, treasurer, or controller of the
Parent (i) stating that such officer has reviewed the terms of the Loan
Documents and has made, or has caused to be made under his supervision, a
review in reasonable detail of the transactions and condition of the Borrowers
and their Subsidiaries during the accounting period covered by such financial
statements and that such review has not disclosed the existence of any Default
or Event of Default during or at the end of such accounting period and that
such officer does not have knowledge of the existence, as at the date of such
certificate, of any Default or Event of Default, or, if he does have knowledge
that a Default or an Event of Default existed or exists, specifying the nature
and period of existence thereof and what action the Borrowers have taken, are
taking, or propose to take with respect thereto; and (ii) setting forth
the calculations required to establish whether the Borrowers were in compliance
with this Agreement on the date of such financial statements;

(b)                                  all other certificates, notices and
financial information required to be delivered by the Parent to the
Administrative Agent under Section 7 of the Parent Credit Agreement; and

(c)                                  as soon as practicable and in any event
within 60 days after the end of each Fiscal Quarter (and within
90 days in the case of the last Fiscal Quarter of the Parent’s Fiscal
Year), a compliance certificate of the chief financial officer or controller of
the Parent setting forth the Leverage Ratio, with reasonable detail as to the
calculation thereof, which calculations shall be based on the preliminary
unaudited consolidated financial statements of the Parent and its Subsidiaries
for the last Fiscal Quarter of such Fiscal Year, and as soon as practicable
thereafter, in the event of any material variance in the actual calculation of
the Leverage Ratio from such preliminary calculation, a revised compliance
certificate setting forth the actual calculation thereof.

7.03                        Notices. 
The Administrative Borrower shall furnish to the Administrative Agent,
with sufficient copies for each Lender:

(a)                                  promptly and in no event later than five
(5) Business Days after any executive officer or any other Responsible Officer
of any Borrower obtains knowledge of the occurrence of any Default or Event of
Default, a certificate of a Responsible Officer of such Borrower or the
Administrative Borrower setting forth the details thereof and the action which
the Borrowers are taking or propose to take with respect thereto; and

(b)                                  from time to time such additional
information regarding the financial position or business of the Borrowers and
their Subsidiaries as the Administrative Agent on behalf of the Lenders may
reasonably request.

7.04                        Records and Inspection. 
Each Borrower shall, and shall cause each of its Subsidiaries to,
maintain adequate books, records and accounts as may be required or necessary

 44
 

to permit the preparation
of consolidated financial statements in accordance with sound business
practices and GAAP or the equivalent international standards for such
person.  Each Borrower shall, and shall
cause each of its Subsidiaries to, permit such persons as the Administrative
Agent may designate, at reasonable times and under reasonable circumstances, to
(a) visit and inspect any properties of such Borrower and its
Subsidiaries, (b) inspect and copy their books and records, and
(c) discuss with their officers and employees and their independent
accountants, their respective businesses; assets, liabilities, prospects,
results of operation and financial condition.

7.05                        Corporate Existence, Etc. 
Except as permitted by Section 8.06, each Borrower shall,
and shall cause each Subsidiary to, at all times preserve and keep in full
force and effect its corporate existence and any rights and franchises material
to its business; provided, however, that the corporate existence
of any Subsidiary may be terminated if such termination is determined by such
Borrower to be in its best interest and is not materially disadvantageous to
the Lenders.

7.06                        Payment of Taxes. 
Each Borrower shall, and shall cause each Subsidiary to, pay and
discharge all material Taxes imposed upon it or any of its properties or in
respect of any of its franchises, business, income or property before any
material penalty shall be incurred with respect to such Taxes; provided,
however, that, unless and until foreclosure, distraint, levy, sale or
similar proceedings shall have commenced and shall not have been stayed, such
Borrower or its applicable Subsidiary need not pay or discharge any such Tax so
long as the validity or amount thereof is contested in good faith and by
appropriate proceedings and so long as any reserves or other appropriate
provisions as may be required by GAAP shall have been made therefor.

7.07                        Maintenance of Properties. 
Each Borrower shall maintain or cause to be maintained in good repair,
working order and condition (ordinary wear and tear excepted), all material
properties useful or necessary to its business and the business of its
Subsidiaries considered as a whole, and from time to time such Borrower will
make or cause to be made all appropriate repairs, renewals and replacements
thereto.

7.08                        Maintenance of Insurance.  Each Borrower shall, and shall cause each
Subsidiary to, maintain with financially sound and reputable insurance
companies, insurance in at least such amounts, of such character and as against
at least such risks as are usually insured against in the same general area by
companies of established repute engaged in the same or a similar business.  This obligation may be fulfilled through such
Borrower’s or any such Subsidiary’s continuing participation in the Parent’s
global insurance program.  Each Borrower
shall furnish to the Administrative Agent, upon written request, full
information as to the insurance in effect at any time.

7.09                        Conduct of Business. 
No Borrower shall, nor shall permit any of its Subsidiaries to, engage
in any business other than the businesses in which such Borrower and its
Subsidiaries taken as a whole are engaged as of the Closing Date or any
businesses or activities substantially similar or related thereto except for
other businesses which constitute an insubstantial part of the business of such
Borrower and its Subsidiaries taken as a whole. 
Each Borrower shall, and shall

 45
 

cause each
Subsidiary to, conduct its business in compliance in all material respects with
Applicable Law and all material contractual obligations.

7.10                        Further Assurances. 
The Administrative Borrower shall ensure that all written information,
exhibits and reports furnished to the Administrative Agent or the Lenders do
not and will not contain any untrue statement of a material fact and do not and
will not omit to state any material fact or any fact necessary to make the
statements contained therein not misleading in light of the circumstances in
which made, and will promptly disclose to the Administrative Agent and the
Lenders and correct any defect or error that may be discovered therein or in
any Loan Document or in the execution, acknowledgement, or recordation thereof.

7.11                        Subordination of Intercompany
Loans and Advances to the Borrowers.  Each Borrower
shall cause any Indebtedness owed by such Borrower to any Subsidiary to be
subordinated to the Obligations on terms of subordination satisfactory to all
the Lenders; provided, however, that (a) such subordination
may be evidenced on a general ledger or evidenced by check, bank statement,
note or other written agreement, document or instrument and (b) as long as
no Event of Default under Sections 9.01(a), (f) or (g)
has occurred and is continuing and no notice has been delivered under Section 9.02(b),
such Borrower may pay such Intercompany Indebtedness in the ordinary course of
business.  All such Intercompany Indebtedness
shall be indicated on a general ledger or evidenced by a check, bank statement,
note or other written agreement, document or instrument.

7.12                        Payment of Obligations. 
Each Borrower Party shall, and shall cause its Subsidiaries to, pay and
discharge as the same shall become due and payable, all their respective
obligations and liabilities, including:

(a)                                  all tax liabilities, assessments and
governmental charges or levies upon it or its properties or assets, unless the
same are being contested in good faith by appropriate proceedings and adequate
reserves in accordance with GAAP are being maintained by each Borrower or such
Subsidiary, which could reasonably be expected to result in a Material Adverse
Effect;

(b)                                  all lawful claims which, if unpaid, would
by law become a Lien upon its Property, which could reasonably be expected to
result in a Material Adverse Effect; and

(c)                                  all Indebtedness, as and when due and
payable, but subject to any subordination provisions contained in any
instrument or agreement evidencing such Indebtedness, which could reasonably be
expected to result in a Material Adverse Effect.

7.13                        Compliance with Laws. 
Each Borrower Party shall comply, and shall cause each of its
Subsidiaries to comply, in all material respects with all Applicable Laws of
any Governmental Authority having jurisdiction over it or its business, except
such as may be contested in good faith or as to which a bona fide dispute may
exist or where non-compliance could not reasonably be expected to result in a Material
Adverse Effect.

7.14                        Environmental Laws.  Each Borrower Party shall, and shall cause
each of its Subsidiaries to, conduct its operations and keep and maintain any
real property owned or leased by such Borrower Party or Subsidiary in
compliance in all material respects with all

 46
 

Environmental Laws,
except where the failure of compliance could not reasonably be expected to
result in a Material Adverse Effect.

7.15                        Solvency. 
The Borrower Parties at all times shall be Solvent on a consolidated
basis.

7.16                        Use of
Proceeds.

(a)                                  The Borrowers shall use the proceeds of
the Loans (i) to facilitate the investment by FML, WEBFFL, MGL and MAPL in
the preferred stock of MHKHL and for the payment by MHKHL of a cash dividend to
the Parent in connection with the repatriation of undistributed earnings of
MHKHL under the American Jobs Creation Act of 2004 and (ii) for the
payment of any closing fees or expenses associated with the closing of the
transactions contemplated hereunder.

(b)                                  No portion of the Loans will be used,
directly or indirectly, (i) to purchase or carry Margin Stock or
(ii) to repay or otherwise refinance indebtedness of any Borrower or
others incurred to purchase or carry Margin Stock, or (iii) to extend
credit for the purpose of purchasing or carrying any Margin Stock.  No proceeds of any Loans will be used to
acquire any security in any transaction which is subject to Section 13 or
14 of the Exchange Act.

7.17                        Additional Guarantors. 
If the annual financial statements for the Fiscal Year ending September 30,
2006 or for any subsequent Fiscal Year delivered by the Administrative Borrower
to the Administrative Agent pursuant to Section 7.01(a) reflect
that the aggregate trailing four quarter EBITDA of the Borrowers and the
Guarantors (excluding the Parent) and their respective wholly-owned direct and
indirect Subsidiaries (without duplication) do not equal at least 85% of the
aggregate consolidated EBITDA reported as of the Closing Date by the Offshore
Group for the six months ended March 31, 2006, multiplied by
two, then the Borrowers shall cause such additional Subsidiaries of the Parent
to become Guarantors by executing and delivering to the Administrative Agent a
joinder to the Master Guaranty so that the aggregate EBITDA of the Borrowers
and the Guarantors (excluding the Parent) and their respective wholly-owned
direct and indirect Subsidiaries (without duplication) for the trailing four
quarter period reflected in such financial statements is at least 85% of the
aggregate consolidated EBITDA reported as of the Closing Date by the Offshore
Group for the six months ended March 31, 2006, multiplied by
two.

SECTION 8.  NEGATIVE COVENANTS

The Borrowers covenant
and agree that, until all Obligations are paid in full, the Borrowers shall
perform each and all of the following:

8.01                        Liens. 
No Borrower Party shall, nor shall any Borrower Party permit any of its
Subsidiaries to, directly or indirectly, create, incur, assume or permit to
exist any Lien on or with respect to any property or asset of such Borrower Party
or Subsidiary, whether now owned or hereafter acquired, or any income or
profits therefrom or rights in respect thereof, except:

(a)                                  Customary Permitted Liens;

 47
 

(b)                                  Liens on cash collateral in favor of the
Administrative Agent under (and as defined in) the Parent Credit Agreement
pursuant to Sections 3.01(c) and 3.08 of the Parent Credit Agreement;

(c)                                  Existing Liens;

(d)                                  any attachment or judgment Lien not
otherwise constituting an Event of Default in existence less than sixty
(60) days after the entry thereof or with respect to which
(i) execution has been stayed, (ii) payment is covered in full by
insurance, or (iii) the applicable Borrower Party or its Subsidiary shall
in good faith be prosecuting an appeal or proceedings for review and shall have
set aside on its books such reserves as may be required by GAAP with respect to
such judgment or award;

(e)                                  Liens existing on property or assets of
any Person at the time such Person becomes a Subsidiary or such property or
assets are acquired, but only, in any such case, (i) if such Lien was not
created in contemplation of such Person becoming a Subsidiary or such property
or assets being acquired, and (ii) so long as such Lien does not encumber
any assets other than the property subject to such Lien at the time such Person
becomes a Subsidiary or such property or assets are acquired;

(f)                                    Liens on assets securing Indebtedness
permitted to be incurred or assumed pursuant to Section 8.02(e),
including any interest or title of a lessor under any Capitalized Lease,
provided that any such Lien does not encumber any property other than assets
constructed or acquired with the proceeds of such Indebtedness;

(g)                                 leases or subleases granted in the
ordinary course of business to others not interfering in any material respect
with the business of the Borrower Parties and their Subsidiaries taken as a
whole;

(h)                                 any Lien constituting a renewal,
extension or replacement of any Existing Lien or any Lien permitted by
clauses (f) or (g) of this Section 8.01, but
only, in the case of each such renewal, extension or replacement Lien, to the
extent that the principal amount of Indebtedness secured thereby does not
exceed the principal amount of such Indebtedness so secured unless such excess
is permitted by Section 8.02 to be incurred and by this Section 8.01
to be secured by such Lien at the time of the extension, renewal or
replacement, the maturity thereof is not shortened and such Lien is limited to
all or a part of the property subject to the Lien extended, renewed or replaced;

(i)                                    other Liens incidental to the conduct of
the business or the ownership of the property of such Borrower Party or
Subsidiary which were not incurred in connection with borrowed money and which
do not in the aggregate materially detract from the value of the property or
materially impair the use thereof in the operation of the business and which,
in any event, do not secure obligations aggregating in excess of $20,000,000;
and

(j)                                    to the extent the negative pledge clauses
contained in the Private Shelf Agreements as defined in the Master Guaranty and
Intercreditor Agreement (as defined in the Parent Credit Agreement) constitute
Liens;

 48

provided
that if, notwithstanding this Section 8.01, any Lien which this Section 8.01
proscribes shall be created or arise without the prior written consent of the
Lenders (including with respect to this proviso), the Obligations shall be
secured by such Lien equally and ratably with the other Indebtedness secured
thereby and the Borrowers will take or cause to be taken all such action as may
be requested by the Administrative Agent or the Majority Lenders to confirm and
protect such Lien in favor of the Lenders; provided, further,
however, that notwithstanding such equal and ratable securing, the existence of
such Lien shall constitute a default by the Borrowers in the performance or
observance of this Section 8.01.

8.02                        Indebtedness.  No
Borrower Party shall, nor shall any Borrower Party permit any of its
Subsidiaries to, directly or indirectly, create, incur, assume, guarantee, or
otherwise become, or remain liable with respect to any Indebtedness, except:

(a)                                  the Obligations;

(b)                                  Indebtedness incurred under the Loan Documents or
under the Loan Documents related to (and as defined in) the Parent Credit
Agreement;

(c)                                  Subordinated Debt;

(d)                                  Existing Indebtedness listed on Schedule 8.02
other than Indebtedness relating to financial letters of credit;

(e)                                  purchase money Indebtedness, provided that such
Indebtedness (i) if incurred in connection with a Capitalized Lease
Obligation does not in the aggregate exceed $20,000,000 at any time,
(ii) if incurred in connection with the purchase of real estate does not
in the aggregate exceed $20,000,000 at any time, (iii) does not exceed the
cost to such Borrower Party or its Subsidiary of the assets constructed or
acquired with the proceeds of such Indebtedness and (iv) is incurred
within twelve (12) months following the date of the completion or acquisition
of the asset so constructed or acquired;

(f)                                    Contingent Obligations with respect to performance,
bid, advance payment and other similar obligations (which may be in the form of
guarantees or letters of credit issued outside of this Agreement and the Parent
Credit Agreement to the extent the aggregate outstanding amount of such
guarantees and letters of credit issued outside this Agreement and the Parent
Credit Agreement do not exceed $45,000,000 at any time), provided that such
Indebtedness (i) is incurred to support contracts or bids in the ordinary
course of business, (ii) remains contingent and (iii) is unsecured
(other than banker’s liens, set-off rights or similar liens);

(g)                                 Contingent Obligations with respect to unsecured
(other than banker’s liens, set-off rights or similar liens) financial letters
of credit issued outside of the Parent Credit Agreement in an aggregate
outstanding amount not exceeding $20,000,000 at any time;

(h)                                 Indebtedness incurred in the ordinary course of
business with respect to equipment leases or purchases, operating expenses and
real property leases necessary for the performance of Joint Venture projects;
provided that such Indebtedness is unsecured (except to the extent permitted
under Section 8.01);

 49
 

(i)                                    Intercompany Indebtedness of a Subsidiary to a
Borrower Party or a Wholly-Owned Subsidiary of a Borrower Party which is
Subordinated Debt, to the extent permitted by Section 8.04(c) and (d);

(j)                                    other unsecured Indebtedness owing offshore by
Subsidiaries or Affiliates of a Borrower Party exclusively for the purpose of
short term working capital requirements or managing foreign currency risk and
tax liabilities consistent with existing business practices not in excess of
$50,000,000 at any time outstanding;

(k)                                Contingent Obligations with respect to Swap Contracts
in connection (i) with bona fide hedging operations against interest rates
on funded Indebtedness of the Parent and its Subsidiaries in an aggregate
notional amount not exceeding such funded Indebtedness at any time outstanding,
and (ii) with the conduct of its business; provided that in each case such
Indebtedness (A) is incurred in the ordinary course of business,
(B) is unsecured and (C) remains contingent;

(l)                                    Contingent Obligations incurred by any Borrower Party
or any Subsidiary with respect to Indebtedness payable by other Subsidiaries
which is permitted to be incurred by such other Subsidiary under this Section 8.02;

(m)                              Contingent Obligations incurred by any Borrower Party or
any Subsidiary with respect to Indebtedness for borrowed money of Joint
Ventures which are not included in the consolidated financial statements of the
Parent under GAAP, provided that (i) such Indebtedness and such Contingent
Obligations are incurred in the ordinary course of business, (ii) such
Indebtedness is fully secured by assets not reflected on the consolidated
balance sheet of the Parent, (iii) such Contingent Obligations do not in
the aggregate exceed $50,000,000 at any time outstanding (less the amount of
any such Existing Indebtedness then outstanding), (iv) the Contingent
Obligations with respect to Indebtedness of any Joint Venture shall be several,
and not joint and several, obligations and shall apply only to a portion of
such Indebtedness not exceeding a portion based on the percentage interest of
the Borrower Party or such Subsidiary in the equity of such Joint Venture (or
if the Contingent Obligations with respect to such Indebtedness shall be joint
and several, all such Indebtedness shall be included as Contingent Obligations
in clause (iii) above), and (v) such Contingent Obligations remain
contingent;

(n)                                 Contingent Obligations with respect to indemnity
obligations pursuant to provisions of the Employee Benefit Plans of the Parent
or its Subsidiaries and the Plan, provided that such Indebtedness (i) is
incurred in the ordinary course of business and (ii) remains contingent;

(o)                                  Indebtedness and Contingent Obligations
incurred outside this Agreement and the Parent Credit Agreement (including
guarantees and letters of credit issued in excess of the dollar limits set
forth in clauses (f) and (g) above), not exceeding the
greater of $105,000,000 or 20% of Consolidated Net Worth in the aggregate at
any time;

(p)                                  Indebtedness consisting of notes for the purchase of
employees’ or retirees’ stock in accordance with existing business practice;
and

 50
 

(q)                                  Indebtedness incurred to refinance Indebtedness
described in clauses (d), (e), (f), (g) and (j) above; provided, however,
that (i) the unpaid balance is not increased (except if the incurrence of
any amount of excess thereof would otherwise then be permitted by the terms of
this Agreement) and (ii) if such refinanced Indebtedness is repaid prior
to the scheduled maturity thereof, such refinancing Indebtedness shall
(A) not mature or be required to be repaid, purchased or otherwise retired
earlier than the corresponding portion of the Indebtedness being prepaid or
(B) not result in a Default or an Event of Default.

8.03                        Restricted Payments.  No
Borrower, no Guarantor (other than the Parent), nor any Subsidiary of a
Borrower or Guarantor (other than the Parent) shall declare, pay or make, or
agree to declare, pay or make, any Restricted Payment.

8.04                        Investments. 
No Borrower Party shall, nor shall any Borrower Party permit any of its
Subsidiaries to, make or own any Investment in any Person, except:

(a)                                  Permitted Investments, provided that
Investments of the type described in clause (d) of the definition of
Permitted Investments that are made outside of the United States shall not
exceed $50,000,000 in the aggregate at any time;

(b)                                  any Investment existing on the Closing Date in any of
the Subsidiaries or in any of the Joint Ventures identified on Schedule 6.01;

(c)                                  Investments by any Subsidiary of a Borrower Party in
the Parent or in any Wholly-Owned Subsidiary of a Borrower Party;

(d)                                  Investments by a Wholly-Owned Subsidiary of a Borrower
Party in any Wholly-Owned Subsidiary of a Borrower Party;

(e)                                  trade credit extended on usual and customary terms in
the ordinary course of business;

(f)                                    advances to employees for moving, relocation and
travel expenses, drawing accounts and similar expenditures in the ordinary
course of business;

(g)                                 Investments in the ordinary course of business by a
Borrower Party or any of its Subsidiaries in contract Joint Ventures for the
purpose of performing projects with other companies; provided that if
such Joint Ventures are not structured so that neither any Borrower Party nor
any Significant Subsidiary of the Parent (as such term is defined in the Parent
Credit Agreement) shall be responsible for the acts or omissions of other
companies except to the extent covered by insurance or limited to Indebtedness
for expenses permitted by Section 8.02(g), the Borrowers shall have
determined that such structure would not individually or in the aggregate with
other similarly structured Joint Venture have a Material Adverse Effect;

(h)                                 the Investments to be made by FML, WEBPPL, MGL and
MAPL in the preferred stock of MHKHL with a portion of the proceeds of the
Loans; and

 51
 

(i)                                    other Investments not otherwise permitted
above; provided, however, that:

(A)                              the aggregate consideration consisting of
cash and assumed debt paid by the Borrower Parties and their Subsidiaries for
such Investments in any Fiscal Year shall not exceed $150,000,000.

(B)                                the cash and assumed debt portion of the
aggregate consideration paid by the Borrower Parties and their Subsidiaries for
any such single Investment shall not exceed $100,000,000;

(C)                                if the cash and assumed debt portion of
the aggregate consideration paid by the Borrower Parties and their Subsidiaries
for any such single Investment exceeds $25,000,000, the Administrative Borrower
shall, prior to the completion of such Investment by the applicable Borrower Party
or Subsidiary, submit to the Administrative Agent for distribution to the
Lenders, a certificate demonstrating compliance with Section 8.05
on a pro forma basis after giving effect to such Investment;

(D)                               each such Investment shall be subject to Section 7.09
and

(E)                                 no such Investment in any Person shall be
opposed by the board of directors of such Person.

8.05                        Financial
Covenants.

(a)                                  Leverage Ratio. 
The Borrowers shall not permit the Leverage Ratio to be greater than
(i) 3.00 to 1.00 as of the end of the first Fiscal Quarter of each Fiscal
Year or (ii) 2.75 to 1.00 as of the end of each other Fiscal Quarter.

(b)                                  Minimum Consolidated Net Worth.

(1)                                  Initial Covenant Level. 
The Borrowers shall not permit, at the end of any Fiscal Quarter,
Consolidated Net Worth to be less than the sum of (i) 85% of the
Consolidated Net Worth reported on the audited financial statements for the
Fiscal Year of the Parent ended September 30, 2003, plus
(ii) 50% of Consolidated Net Income for each Fiscal Quarter, commencing with
the Fiscal Quarter ending December 31, 2003, in which the Parent has
positive Consolidated Net Income; plus (iii) 75% of the net
difference between (A) the aggregate net cash proceeds received by the
Parent from an IPO minus (B) the aggregate consideration paid by
the Parent for the repurchase of any shares of the Parent’s Capital Stock,
including any shares of Preferred Stock other than Permitted Chinese Stock,
using the net cash proceeds from such IPO, plus (iv) 100% of the
aggregate net proceeds received by the Parent from the sale of any other equity
securities of the Parent (except for (a) equity securities issued to
replace, redeem, or purchase existing equity securities and (b) Permitted
Chinese Stock), plus (v) an amount equal to (A) 100% of the principal
contributions accrued for stock match programs for employees, consultants and
Directors for purchases of the Parent’s Capital Stock included in the
determination of Consolidated Net Income for each Fiscal Quarter, commencing
with the Fiscal Quarter ending December 31, 2003, less (B) the
amount of negative Consolidated Net Income for each Fiscal Quarter commencing
with the Fiscal Quarter

 52
 

ending December 31, 2003, in which the Parent has
negative Consolidated Net Income (provided, however, that the
amount determined by this clause (v) shall not be less than zero); plus
(vi) 100% of any increase in the Consolidated Net Worth of the Parent as a
result of the acquisition (by merger or otherwise) of a Person other than a
Wholly Owned Subsidiary; plus (vii) 100% of the net change in
Consolidated Net Worth as a result of (A) the sale of the Parent’s Capital
Stock to employees, consultants and Directors, minus (B) the
repurchase or redemption of any shares of the Parent’s Capital Stock from
former employees, consultants and Directors of the Parent; minus
(viii) a one-time charge of up to $10,000,000 for the impairment of
goodwill related to the write-down in value of The McClier Corporation; minus
(ix) a one-time, non-cash charge in accordance with GAAP for any adjustment of
accruals for defined benefit pension plans from accumulated benefit obligations
to projected benefit obligations in an amount not to exceed the lesser of
(a) the actual amount of such adjustment or (b) $50,000,000.  For the purpose of determining the Parent’s
compliance with the foregoing minimum Consolidated Net Worth covenant,
notwithstanding any contrary treatment under GAAP, all Preferred Stock shall be
treated as equity of the Parent.

(c)                                  Fixed Charge Coverage Ratio. 
The Borrowers shall not permit, on the last day of any Fiscal Quarter,
the Fixed Charge Coverage Ratio to be less than the correlative amount set
forth below:

	
  Fiscal Quarter Ending

  	
   

  	
  Minimum Fixed Charge

  Coverage Ratio

  
	
  September 30,
  2006

  	
   

  	
  1.10 to 1.00

  
	
  December 31,
  2006

  	
   

  	
  1.10 to 1.00

  
	
  March 31, 2007

  	
   

  	
  1.10 to 1.00

  
	
  June 30, 2007
  and as of the last day of each Fiscal Quarter ending thereafter

  	
   

  	
  1.25 to 1.00

  

 

8.06                        Restriction on Fundamental
Changes.  Unless permitted by Section 8.07,
no Borrower Party shall, nor shall any Borrower Party permit any of its
Wholly-Owned Subsidiaries to, enter into any merger, consolidation,
reorganization or recapitalization, reclassification of its capital stock which
causes the maturity date of such capital stock to be earlier than 3 years after
the date of such classification, liquidate, wind up or dissolve or sell, lease,
transfer or otherwise dispose of, in one transaction or a series of
transactions, all or substantially all of its or their business or assets,
whether now owned or hereafter acquired, except that, as long as no
Default or Event of Default shall exist after giving effect thereto, any
Wholly-Owned Subsidiary of a Borrower Party may be merged or consolidated into
a Borrower Party or any other Subsidiary of a Borrower Party or be liquidated,
wound up or dissolved, or all or substantially all of its business or assets
may be sold, leased, transferred, or otherwise disposed of, in one transaction
or a series of transactions, to a Borrower Party or any other Subsidiary of a
Borrower Party; provided that neither any Borrower Party nor any
Subsidiary of a Borrower Party may be involved in any such transaction unless
such Borrower Party, or a Subsidiary of a Borrower Party, as the case may
be, is the surviving or acquiring corporation and the net worth of such

 53
 

Borrower
Party or Subsidiary of a Borrower Party, as the case may be, is unchanged or
higher after giving effect to such merger or other transaction.

8.07                        Asset
Dispositions.

(a)                                  No Borrower nor any Guarantor (other than the Parent)
shall, nor shall permit any of its Subsidiaries to, make any Asset Disposition,
including any Sale-Leaseback Transaction, unless either:

(i)                                     the Board of Directors of the applicable
Borrower, Guarantor (other than the Parent) or Subsidiary has reasonably
determined in good faith that the terms of the transaction are fair and
reasonable to such Borrower, Guarantor (other than the Parent) or Subsidiary,
as the case may be; and within one year after the Asset Disposition such
Borrower, Guarantor (other than the Parent) or Subsidiary shall have used any
Net Cash Proceeds to (A) replace the properties or assets that were the
subject of the Asset Disposition, (B) acquire properties or assets used in
the business of such Borrower, Guarantor (other than the Parent) or Subsidiary
as conducted on the date of this Agreement or (C) repay all or part of any
Indebtedness covered by the Master Guaranty and Intercreditor Agreement (as
defined in the Parent Credit Agreement) or any Indebtedness under this
Agreement; or

(ii)                                  the aggregate assets disposed of by the
Borrowers, the Guarantors (other than the Parent) and their respective
Subsidiaries in any 12-month period during the term of this Agreement shall not
have a value exceeding $10,000,000; and the aggregate assets disposed of by the
Borrowers, the Guarantors (other than the Parent) and their respective
Subsidiaries on a cumulative basis during the term of this Agreement shall not
have a value exceeding $30,000,000, excluding for the purpose of either such
limitation the value of any assets transferred to a Subsidiary of the Parent
which following such transfer becomes a Guarantor.

(b)                                  no Borrower nor any Guarantor (other than the Parent)
will in any event, and no Borrower nor any Guarantor (other than the Parent)
will permit any of its Subsidiaries to, directly or indirectly, sell with
recourse, discount (except in the ordinary course of business consistent with
past practice to compromise disputes with customers), or otherwise sell for
less than the face value thereof or for consideration other than cash, any of
their respective accounts receivable.

(c)                                  Notwithstanding anything to the contrary set forth in
subsection (a) above, in no event may any Borrower, Guarantor (other than the
Parent) or Subsidiary of any Borrower or Guarantor (other than the Parent) make
any Asset Disposition if on a pro forma basis giving effect to such Asset
Disposition the aggregate trailing four quarter EBITDA of the Borrowers, the
Guarantors (excluding the Parent) and their respective wholly-owned direct and
indirect Subsidiaries (without duplication), excluding the contribution to
EBITDA represented by the assets proposed to be disposed of, as of the last day
of the most recent Fiscal Quarter ended prior to the date of such proposed
Asset Disposition would not equal at least 85% of the aggregate consolidated
EBITDA reported as of the Closing Date by the Offshore Group for the six months
ended March 31, 2006, multiplied by two.

 54
 

8.08                        Reserved.

8.09                        Restrictive Agreements. No Borrower nor any Guarantor (other than the
Parent) shall, nor shall any Borrower nor any Guarantor (other than the Parent)
permit any of its Subsidiaries to, enter into any contractual obligation which
restricts or limits the ability of any Subsidiary of such Borrower or Guarantor
(other than the Parent) to (a) pay dividends or make any distribution on
its capital stock, (b) pay Indebtedness owed such Borrower or Guarantor
(other than the Parent), (c) make any loans or advances to such Borrower
or Guarantor (other than the Parent) or (d) except as provided in
contractual obligations respecting the specific assets subject to Permitted
Liens, transfer any of its property to such Borrower or Guarantor (other than
the Parent) except as permitted under this Agreement.

8.10                        Change in Business.  No
Borrower nor any Guarantor (other than the Parent) shall, nor shall any
Borrower nor any Guarantor (other than the Parent) permit any of its
Subsidiaries to, engage in any material line of business substantially different
from those lines of business carried on by the Offshore Group on the date
hereof, without in each case obtaining the prior written consent of the
Majority Lenders (which consent shall not be unreasonably withheld).

8.11                        Accounting Changes.  For the purposes of the EBITDA calculations
under Sections 7.17 and 8.07(c), the Borrower Parties shall use
the same accounting principals as used for the EBITDA calculation under Section
5.01(i).

SECTION
9.  EVENTS
OF DEFAULT

9.01                        Events of Default. 
The occurrence of any one or more of the following events, acts or
occurrences shall constitute an event of default (an “Event of Default”)
hereunder:

(a)                                  Failure to Make Payments. 
The Borrowers (i) shall fail to pay when due any principal (whether
at stated maturity, upon acceleration, by notice of or other requirement of
prepayment, by operation of Section 2.06 or otherwise) of any Loan
or (ii) shall fail to pay interest on any Loan or any fees payable
hereunder within three (3) Business Days of the date when due or (iii) shall
fail to pay any costs, expenses or other amounts payable hereunder or under any
Notes or any other Loan Documents within ten (10) Business Days after the
Administrative Agent notifies the Administrative Borrower that such amount has
become due;

(b)                                  Default in Other Agreements. 
Any Borrower Party or any of its Subsidiaries (i) fails to make any
payment in respect of any Indebtedness or Contingent Obligation having an
aggregate principal amount (including undrawn, committed or available amounts
and including amounts owing to all creditors under any combined or syndicated
credit arrangement) of more than 2% of the Parent’s Consolidated Net Worth when
due (whether by scheduled maturity, required prepayment, acceleration, demand,
or otherwise) and such failure continues after the applicable grace or notice
period, if any, specified in the document relating thereto on the date of such
failure; or (ii) fails to perform or observe any other condition or
covenant, or any other event shall occur or condition exist, under any
agreement or instrument relating to any such Indebtedness or Contingent
Obligation of more than 2% of the Parent’s Consolidated Net Worth, and such
failure continues after the applicable grace or notice period, if

 55
 

any, specified in the document relating thereto on the date of such
failure if the effect of such failure, event or condition is to cause, or to
permit the holder or holders of such Indebtedness or beneficiary or
beneficiaries of such Indebtedness (or a trustee or Administrative Agent on
behalf of such holder or holders or beneficiary or beneficiaries) to cause such
Indebtedness to be declared to be due and payable prior to its stated maturity,
or such Contingent Obligation to become payable or cash collateral in respect
thereof to be demanded;

(c)                                  Breach of Certain Covenants. 
Any Borrower shall fail to perform, comply with or observe any
agreement, covenant or obligation to be performed, observed or complied with by
it pursuant to Section 7.01, Section 7.05 (insofar as
such Section requires the preservation of the corporate existence of such
Borrower), Section 7.06, Section 7.11 or Section 8
(other than Section 8.10);

(d)                                  Breach of Warranty. 
Any representation or warranty or certification made or furnished by any
Borrower Party under this Agreement, the other Loan Documents or any agreement,
instrument or document contemplated hereby and thereby shall, prove to have
been false or incorrect in any material respect when made;

(e)                                  Other Defaults Under Agreement
and Other Loan Documents.  Any Borrower Party shall fail
to perform, comply with or observe any covenant or obligation to be performed,
observed or complied with by it under this Agreement (other than those
provisions referred to in Sections 9.0 1(a) and (c) above)
or the other Loan Documents and such failure shall not have been remedied or
waived within thirty (30) days after notice thereof by the Administrative
Agent;

(f)                                    Involuntary Bankruptcy;
Appointment of Receiver, Etc. There shall be commenced against any Borrower Party
or an involuntary case seeking the liquidation or reorganization of any
Borrower Party under Chapter 7 or Chapter 11 of the Bankruptcy Code
or any similar proceeding under any other Applicable Law or an involuntary case
or proceeding seeking the appointment of a receiver, liquidator, sequestrator,
custodian, trustee or other officer having similar powers of any Borrower Party
to take possession of all or a substantial portion of the property or to
operate all or a substantial portion of the business of any Borrower Party and
any of the following events occur: (i) any Borrower Party consents to the
institution of the involuntary case or proceeding; (ii) the petition
commencing the involuntary case or proceeding is not timely controverted; (iii) the
petition commencing the involuntary case or proceeding remains undismissed and
unstayed for a period of sixty (60) days; or (iv) an order for relief
shall have been issued or entered therein;

(g)                                 Voluntary Bankruptcy; Appointment
of Receiver, Etc.  Any Borrower Party shall institute a
voluntary case seeking liquidation or reorganization under Chapter 7 or
Chapter 11 of the Bankruptcy Code; or any Borrower Party shall file a
petition, answer, or complaint or shall otherwise institute any similar
proceeding under any other Applicable Law, or shall consent thereto; or any
Borrower Party shall consent to the conversion of an involuntary case to a
voluntary case; or any Borrower Party shall file a petition, answer a complaint
or otherwise institute any proceeding seeking, or shall consent or acquiesce to
the appointment of, a receiver, liquidator, sequestrator, custodian, trustee or
other officer with similar powers to take possession of all or a substantial
portion of the property or to operate all or a substantial portion

 56
 

of the business of any Borrower Party; or any Borrower Party shall make
a general assignment for the benefit of creditors; or any Borrower Party shall
generally not pay its debts as they become due; or the Board of Directors of
any Borrower Party (or any committee thereof) adopts any resolution or
otherwise authorizes action to approve any of the foregoing;

(h)                                 Judgments and Attachments. 
Any Borrower Party or any of its Subsidiaries shall suffer any money
judgments, writs, or warrants of attachment, or similar processes, which
individually or in the aggregate involve an amount in excess of 3% of the
Parent’s Consolidated Net Worth and shall not discharge, vacate, bond, or stay
the same within a period of 45 days unless the amount of such judgments,
writs, warrants or attachments are fully covered by insurance (provided that
any deductible in excess of 3% of the Parent’s Consolidated Net Worth is
supported by a bond or letter of credit in at least the amount by which such
deductible exceeds 3% of the Parent’s Consolidated Net Worth and the insured
has in writing accepted liability therefor; or a judgment creditor shall obtain
possession of any material portion of the assets of the Parent or any of its
Subsidiaries by any means, including, without limitation, levy, distraint,
replevin or self-help;

(i)                                    Intentionally Omitted.;

(j)                                    Failure of Subordination. 
Any agreement to subordinate other Indebtedness in an aggregate amount
in excess of $1,000,000 in right of payment to the Obligations, at any time and
for any reason other than satisfaction in full of all of the Obligations or
satisfaction in full of such Subordinated Debt upon the originally stated
maturity thereof, ceases to be in full force and effect in any material respect
or is declared to be null and void;

(k)                                Termination of Master Guaranty. 
The Master Guaranty, or any material provision therein, shall cease to
be in full force and effect for any reason; or any of the Guarantors shall
contest or purport to repudiate or disavow the Master Guaranty;

(l)                                    Guarantor Defaults. 
Any Guarantor shall fail in any material respect to perform or observe
any term, covenant or agreement in the Master Guaranty; or the Master Guaranty
shall for any reason be partially (including with respect to future advances)
or wholly revoked or invalidated, or otherwise cease to be in full force and
effect, or any Guarantor or any other Person shall contest in any manner the
validity or enforceability thereof or deny that it has any further liability or
obligation thereunder; or

(m)                              Change in Ownership. 
Any Borrower or Guarantor (excluding the Parent) shall cease to be a
Wholly-Owned Subsidiary of the Parent, unless such Borrower or Guarantor (other
than the Parent) ceases to be a Wholly-Owned Subsidiary of the Parent as a
result of a strategic partnership or other strategic business arrangement but
continues to be a Subsidiary of the Parent; or

(n)                                 Default under Parent Credit
Agreement.  An Event of Default shall occur and be
continuing under (and as defined in) the Parent Credit Agreement.

9.02                        Remedies. 
Upon the occurrence of an Event of Default:

 57
 

(a)                                  If an Event of Default occurs under Section 9.01(f)
or (g), then the unpaid principal amount of and any accrued interest on
all of the Loans shall automatically become immediately due and payable,
without presentment, demand, protest, notice or other requirements of any kind,
all of which are hereby expressly waived by the Borrowers.

(b)                                  If an Event of Default occurs under Section 9.01,
other than under Section 9.01(f) or (g), the Administrative
Agent upon request of the Majority Lenders shall, by written notice to the
Administrative Borrower, declare that the unpaid principal amount of the Loans,
together with any and all accrued interest thereon, shall become due and
payable without presentment, demand, protest, any additional notice whatsoever
or other requirements of any kind, all of which are hereby expressly waived by
the Borrowers.

SECTION
10.  ADMINISTRATIVE
AGENT

10.01                 Appointment and Authorization. 
Each of the Lenders hereby irrevocably appoints, designates and
authorizes the Administrative Agent to take such action on its behalf under the
provisions of this Agreement and each other Loan Document and to exercise such
powers and perform such duties as are expressly delegated to it by the terms of
this Agreement or any other Loan Document, together with such powers as are
reasonably incidental thereto. 
Notwithstanding any provision to the contrary contained elsewhere in
this Agreement or in any other Loan Document, the Administrative Agent shall
not have any duties or responsibilities, except those expressly set forth
herein, nor shall the Administrative Agent have or be deemed to have any
fiduciary relationship with any Lender, and no implied covenants, functions,
responsibilities, duties, obligations or liabilities shall be read into this
Agreement or any other Loan Document or otherwise exist against the
Administrative Agent.

10.02                 Delegation of Duties. 
The Administrative Agent may execute any of its duties under this Agreement
or any other Loan Document by or through agents, employees or attorneys-in-fact
and shall be entitled to advice of counsel concerning all matters pertaining to
such duties.  The Administrative Agent
shall not be responsible for the negligence or misconduct of any agent or
attorney-in-fact that it selects with reasonable care.

10.03                 Liability of Administrative
Agent.  None of the Administrative Agent-Related
Persons shall (i) be liable for any action taken or omitted to be taken by
any of them under or in connection with this Agreement or any other Loan
Document (except for its own gross negligence or willful misconduct), or
(ii) be responsible in any manner to any of the Lenders for any recital,
statement, representation or warranty made by the Parent or any Subsidiary or
Affiliate of the Parent, or any official thereof, contained in this Agreement
or in any other Loan Document, or in any certificate, report, statement or
other document referred to or provided for in, or received by the
Administrative Agent under or in connection with, this Agreement or any other
Loan Document, or the validity, effectiveness, genuineness, enforceability or
sufficiency of this Agreement or any other Loan Document, or for any failure of
any Borrower Party to any Loan Document to perform its obligations hereunder or
thereunder.  No Administrative
Agent-Related Person shall be under any obligation to any Lender to ascertain
or to inquire as to the observance or performance of any of the agreements
contained in, or conditions of, this Agreement or any other Loan Document, or
to inspect the properties, books or records of the Parent or any of the Parent’s
Subsidiaries or Affiliates.

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10.04                 Reliance by Administrative
Agent.

(a)                                  The Administrative Agent shall be entitled to rely, and
shall be fully protected in relying, upon any writing, resolution, notice,
consent, certificate, affidavit, letter, telegram, facsimile, telex or
telephone message, statement or other document or conversation believed by it
to be genuine and correct and to have been signed, sent or made by the proper
Person or Persons, and upon advice and statements of legal counsel (including
counsel to the Parent), independent accountants and other experts selected by
the Administrative Agent.  The
Administrative Agent shall be fully justified in failing or refusing to take
any action under this Agreement or any other Loan Document unless it shall
first receive such advice or concurrence of the Lenders as it deems appropriate
and, if it so requests, it shall first be indemnified to its satisfaction by
the Lenders against any and all liability and expense which may be incurred by
it by reason of taking or continuing to take any such action.  The Administrative Agent shall in all cases
be fully protected in acting, or in refraining from acting, under this
Agreement or any other Loan Document in accordance with a request or consent of
the Lenders and such request and any action taken or failure to act pursuant
thereto shall be binding upon all of the Lenders.

(b)                                  For purposes of determining compliance with the
conditions specified in Section 5.01, each Lender that has executed
this Agreement shall be deemed to have consented to, approved or accepted or to
be satisfied with each document or other matter either sent by the Administrative
Agent to such Lender for consent, approval, acceptance or satisfaction, or
required thereunder to be consented to or approved by or acceptable or
satisfactory to the Lender.

10.05                 Notice of Default. 
The Administrative Agent shall not be deemed to have knowledge or notice
of the occurrence of any Default or Event of Default, except with respect to
defaults in the payment of principal, interest and fees required to be paid to
the Administrative Agent for the account of the Lenders, unless the Administrative
Agent shall have received Requisite Notice from a Lender or the Administrative
Borrower referring to this Agreement, describing such Default or Event of
Default and stating that such notice is a “notice of default”.  In the event that the Administrative Agent
receives such a notice, the Administrative Agent shall give prompt notice
thereof to the Lenders.  The
Administrative Agent shall take such action with respect to such Default or
Event of Default as shall be requested by the Majority Lenders in accordance
with Section 9; provided, however, that unless and
until the Administrative Agent shall have received any such request, the
Administrative Agent may (but shall not be obligated to) take such action, or
refrain from taking such action, with respect to such Default or Event of
Default as it shall deem advisable or in the best interest of the Lenders.

10.06                 Credit Decision. 
Each Lender expressly acknowledges that none of the Administrative
Agent-Related Persons has made any representation or warranty to it and that no
act by the Administrative Agent hereinafter taken, including any review of the
affairs of the Borrower Parties shall be deemed to constitute any
representation or warranty by the Administrative Agent to any Lender.  Each Lender represents to the Administrative
Agent that it has, independently and without reliance upon the Administrative
Agent and based on such documents and information as it has deemed appropriate,
made its own appraisal of and investigation into the business, prospects,
operations, property, financial and other condition and creditworthiness of the
Parent and its Subsidiaries, and all applicable bank regulatory laws relating
to the transactions contemplated thereby, and made its own decision to enter
into this

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Agreement and extend credit to the Borrowers
hereunder.  Each Lender also represents
that it will, independently and without reliance upon the Administrative Agent
and based on such documents and information as it shall deem appropriate at the
time, continue to make its own credit analysis, appraisals and decisions in
taking or not taking action under this Agreement and the other Loan Documents,
and to make such investigations as it deems necessary to inform itself as to
the business, prospects, operations, property, financial and other condition
and creditworthiness of any Borrower Party. 
Except for notices, reports and other documents expressly herein
required to be furnished to the Lenders by the Administrative Agent, the
Administrative Agent shall not have any duty or responsibility to provide any
Lender with any credit or other information concerning the business, prospects,
operations, property, financial and other condition or creditworthiness of any
Borrower Party which may come into the possession of any of the Administrative
Agent-Related Persons.

10.07                 Indemnification. 
Whether or not the transactions contemplated hereby shall be
consummated, the Lenders shall indemnify upon demand the Administrative
Agent-Related Persons (to the extent not reimbursed by or on behalf of any
Borrower Party and without limiting the obligation of any Borrower Party to do
so), ratably from and against any and all liabilities, obligations, losses,
damages, penalties, actions, judgments, suits, costs, expenses and disbursements
of any kind whatsoever which may at any time (including at any time following
the repayment of the Loans and the termination or resignation of the related
Administrative Agent) be imposed on, incurred by or asserted against any Person
in any way relating to or arising out of this Agreement or any document
contemplated by or referred to herein or therein or the transactions
contemplated hereby or thereby or any action taken or omitted by any such
Person under or in connection with any of the foregoing; provided, however,
that no Lender shall be liable for the payment to the Administrative
Agent-Related Persons of any portion of such liabilities, obligations, losses,
damages, penalties, actions, judgments, suites, costs, expenses or
disbursements resulting from such Person’s gross negligence or willful
misconduct.  Without limitation of the
foregoing, each Lender shall reimburse the Administrative Agent upon demand for
its ratable share of any costs or out-of-pocket expenses (including Attorney
Costs) incurred by the Administrative Agent in connection with the preparation,
execution, delivery, administration, modification, amendment or enforcement
(whether through negotiations, legal proceedings or otherwise) of, or legal
advice in respect of rights or responsibilities under, this Agreement, any
other Loan Document, or any document contemplated by or referred to herein to
the extent that the Administrative Agent is not reimbursed for such expenses by
or on behalf of any Borrower Party. 
Without limiting the generality of the foregoing, if the Internal
Revenue Service or any other Governmental Authority, of the United States or
other jurisdiction asserts a claim that the Administrative Agency did not
properly withhold tax from amounts paid to or for the account of any Lender
(because the appropriate form was not delivered, was not properly executed, or
because such Lender failed to notify the Administrative Agent of a change in
circumstances which rendered the exemption from, or reduction of, withholding
tax ineffective, or for any other reason) such Lender shall indemnify the
Administrative Agent fully for all amounts paid, directly or indirectly, by the
Administrative Agent as tax or otherwise, including penalties and interest, and
including any taxes imposed by any jurisdiction on the amounts payable to the
Administrative Agent under this Section, together with all costs and expenses
(including Attorney Costs).  The
obligation of the Lenders in this Section shall survive the payment of all
Obligations hereunder.

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10.08                 Administrative Agent in
Individual Capacity.  Union Bank and its Affiliates may make loans
to issue letters of credit for the account of, accept deposits from, acquire
equity interests in and generally engage in any kind of banking, trust,
financial advisory or other business with the Parent and its Subsidiaries and
Affiliates as though Union Bank were not the Administrative Agent hereunder and
without notice to or consent of the Lenders. 
With respect to its Loans, Union Bank shall have the same rights and
powers under this Agreement as any other Lender and may exercise the same as
though it were not the Administrative Agent, and the terms “the Lender” and “the
Lenders” shall include Union Bank in its individual capacity.

10.09                 Successor Administrative Agent. 
The Administrative Agent may resign as Administrative Agent upon
30 days’ notice to the Lenders.  If
the Administrative Agent resigns under this Agreement, the Majority Lenders
shall appoint from among the Lenders a successor administrative agent for the
Lenders which successor administrative agent shall be consented to by each of
the Borrower Parties at all times other than during the existence of an Event
of Default (which consent of the Borrower Parties shall not be unreasonably
withheld or delayed).  If no successor
administrative agent is appointed prior to the effective date of the
resignation of the Administrative Agent, the Administrative Agent may appoint,
after consulting with the Lenders and the Parent, a successor administrative
agent from among the Lenders.  Upon the
acceptance of its appointment as successor administrative agent hereunder, the
Person acting as such successor administrative agent shall succeed to all the
rights, powers and duties of the retiring Administrative Agent and the term “Administrative
Agent” shall mean such successor administrative agent, and the retiring
Administrative Agent’s appointment, powers and duties as Administrative Agent
shall be terminated.  After any retiring
Administrative Agent’s resignation hereunder as Administrative Agent, the
provisions of this Section 10 and Sections 11.04 and 11.05
shall inure to its benefit as to any actions taken or omitted to be taken by it
while it was Administrative Agent under this Agreement.  If no successor administrative agent has
accepted appointment as Administrative Agent by the date which is 30 days
following a retiring Administrative Agent’s notice of resignation, the retiring
Administrative Agent’s resignation shall nevertheless thereupon become
effective and the Lenders shall perform all of the duties of the Administrative
Agent hereunder until such time, if any, as the Majority Lenders appoint a
successor agent as provided for above.

10.10                 Arranger. 
No Person identified herein as the “Arranger” shall have any right,
power, obligation, liability, responsibility or duty under this Agreement to
any Lender.  Without limiting the
foregoing, no such Person shall have or be deemed to have any fiduciary
relationship with any Lender.  Each
Lender acknowledges that it has not relied, and will not rely, on any of the
Lenders so identified in deciding to enter into this Agreement or in taking or
not taking action hereunder.

SECTION
11.  MISCELLANEOUS

11.01                 Amendments and Waivers.  No
amendment or waiver of any provision of this Agreement or any other Loan
Document except a Swap Contract constituting a Loan Document, and no consent
with respect to any departure by any Borrower Party therefrom, shall be
effective unless the same shall be in writing and signed by the Majority
Lenders and the Borrowers and acknowledged by the Administrative Agent, and
then such waiver shall be effective only in the specific instance and for the
specific purpose for which given; provided, however, that no such

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waiver,
amendment, or consent shall, unless in writing and signed by each of the
Lenders directly affected thereby and the Borrowers, and acknowledged by the
Administrative Agent, do any of the following:

(a)                                  increase or extend the Commitment of any Lender or
subject any Lender to any additional obligations;

(b)                                  postpone or delay any date fixed for any payment of
principal, interest, fees or other amounts due to the Lenders (or any of them)
hereunder or under any Loan Documents; provided, that any Lender may
individually agree to a reduction in such Lender’s interest rate by separate
agreement with the Borrowers, which reduction, expressed as a percentage of the
interest rates that would otherwise be applicable hereunder, shall be notified
to the Administrative Agent in writing by such Lender and the Borrowers, and
the Administrative Agent shall apply such reduction to the interest due to such
Lender until it receives written notice from such Lender to the contrary;

(c)                                  reduce the principal of, or the rate of interest
specified herein for any Loan, or of any fees or other amounts payable
hereunder or under any Loan Document;

(d)                                  change the percentage of the Commitments or of the
aggregate unpaid principal amount of the Loans which shall be required for the
Lenders or any of them to take any action hereunder;

(e)                                  except as provided in Section 4.07, change
the Pro Rata Share of any Lender or change the right of any Lender to receive
its Pro Rata Share (or other applicable share as expressly provided herein) of
any payment or distribution to be made hereunder;

(f)                                    amend this Section 11.01 or Section 2.11
or any provision providing for consent or other action by all the Lenders or
amend the definition of “Majority Lenders;”

(g)                                 amend the definition of “Offshore Currency;” or

(h)                                 discharge the Parent from liability under the Master
Guaranty or discharge any other Guarantor from liability under the Master
Guaranty, except (i) in connection with a sale of the Capital Stock of such
Guarantor in accordance with Section 8.06 or Section 8.07
or (ii) subject to the terms of the Master Guaranty;

provided,
further, that no amendment, waiver or consent shall, unless in writing and
signed by the Administrative Agent in addition to the Majority Lenders or all
the Lenders, as the case may be, affect the rights or duties of the
Administrative Agent under this Agreement or any other Loan Document.

11.02                 Transmission and
Effectiveness of Communications and Signatures.

(a)                                  General. 
Unless otherwise expressly provided herein, all notices and other
communications provided for hereunder shall be in writing (including by
facsimile transmission) and mailed, faxed or delivered, to the address,
facsimile number or (subject to subsection (c) below) electronic mail
address specified for notices on Schedule 11.02 or, in the

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case of the Administrative Borrower or the Administrative Agent, to
such other address as shall be designated by such party in a notice to the
other parties, and in the case of any other party, to such other address as
shall be designated by such party in a notice to the Administrative Borrower
and the Administrative Agent.  All such
notices and other communications shall be deemed to be given or made upon the
earlier to occur of (i) actual receipt by the intended recipient and
(ii) (A) if delivered by hand or by courier, when signed for by the
intended recipient; (B) if delivered by mail, four Business Days after
deposit in the mails, postage prepaid; (C) if delivered by facsimile, when
sent and receipt has been confirmed by telephone; and (D) if delivered by
electronic mail (which form of delivery is subject to the provisions of
subsection (c) below), when delivered; provided, however, that notices and
other communications to the Administrative Agent pursuant to Section 2
shall be in writing (which may be by facsimile), except as provided herein and
shall not be effective until actually received by such Person.  Any notice or other communication permitted
to be given, made or confirmed by telephone hereunder shall be given, made or
confirmed by means of a telephone call to the intended recipient at the number
specified on Schedule 11.02, it being understood and agreed that a
voicemail message shall in no event be effective as a notice, communication or
confirmation hereunder.

(b)                                  Effectiveness of Facsimile Documents
and Signatures.  Loan Documents may be transmitted and/or
signed by facsimile.  The effectiveness
of any such documents and signatures shall, subject to applicable Law, have the
same force and effect as manually-signed originals and shall be binding on all
Loan Parties, the Administrative Agent and the Lenders.  The Administrative Agent may also require
that any such documents and signatures be confirmed by a manually-signed
original thereof; provided, however, that the failure to request or deliver the
same shall not limit the effectiveness of any facsimile document or signature.

(c)                                  Limited Use of Electronic Mail. 
Electronic mail and internet and intranet websites may be used only to
distribute routine communications, subject to the applicable provisions of Section 6.02,
such as financial statements, backlog, projections, management letters,
compliance certificates and other information, and to distribute Loan Documents
for execution by the parties thereto, and may not be used for any other
purpose.

(d)                                  Reliance by Administrative Agent
and Lenders.  The Administrative Agent and the Lenders
shall be entitled to rely and act upon any notices (including telephonic
notices) purportedly given by or on behalf of any Borrower even if
(i) such notices were not made in a manner specified herein, were
incomplete or were not preceded or followed by any other form of notice
specified herein, or (ii) the terms thereof, as understood by the
recipient, varied from any confirmation thereof.  The Borrowers shall indemnify each
Agent-Related Person and each Lender from all losses, costs, expenses and
liabilities resulting from the reliance by such Person on each notice
purportedly given by or on behalf of any Borrower.  All telephonic notices to and other
communications with the Administrative Agent may be recorded by the
Administrative Agent, and each of the parties hereto hereby consents to such
recording.

11.03                 No Waiver; Cumulative Remedies. 
No failure to exercise and no delay in exercising, on the part of the
Administrative Agent or any Lender, any right, remedy, power or privilege
hereunder, shall operate as a waiver thereof; nor shall any single or partial
exercise of

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any
right, remedy, power or privilege hereunder preclude any other or further
exercise thereof or the exercise of any other right, remedy, power or
privilege.

11.04                 Costs and Expenses.  The Borrowers shall, whether or not the
transactions contemplated hereby shall be consummated:

(a)                                  pay or reimburse Union Bank (including in its capacity
as the Administrative Agent) and BMO Capital Markets (in its capacity as the
Syndication Agent) within five Business Days after demand for all costs and
expenses incurred by Union Bank or Harris in connection with the development,
preparation, delivery, administration and execution of, and any amendment,
supplement, waiver or modification to (in each case, whether or not
consummated), this Agreement, any Loan Document and any other documents
prepared in connection herewith or therewith, and the consummation of the transactions
contemplated hereby and thereby, including the reasonable Attorney Costs
incurred by Union Bank (including in its capacity as the Administrative Agent)
with respect thereto;

(b)                                  pay or reimburse each Lender and the Administrative
Agent within five Business Days after demand for all costs and expenses
incurred by them in connection with the enforcement, attempted enforcement, or
preservation of any rights or remedies (including in connection with any “workout”
or restructuring regarding the Loans, and including in any bankruptcy or
insolvency proceeding or appellate proceeding) under this Agreement, any other
Loan Document, and any such other documents, including Attorney Costs incurred
by the Administrative Agent and any Lender; and

(c)                                  during the continuance of an Event of Default, pay or
reimburse Union Bank (including in its capacity as the Administrative Agent)
within five Business Days after demand for all appraisal (including the
allocated cost of internal appraisal services), audit, environmental inspection
and review (including the allocated cost of such internal services), search and
filing costs, fees and expenses, incurred or sustained by Union Bank (including
in its capacity as the Administrative Agent) in connection with the matters
referred to under Sections (a) and (b) of this Section.

11.05                 Indemnity and
Reimbursements.

(a)                                  In addition to the payment of expenses pursuant to Section 11.04,
each Borrower agrees (i) to indemnify, defend and hold harmless the
Administrative Agent, each Lender and the officers, directors, employees,
agents, attorneys and Affiliates of the Administrative Agent and each Lender
(the “Indemnitees”) from and against (A) any and all transfer
taxes, documentary taxes, assessments or charges made by any Governmental Authority
by reason of the execution and delivery of this Agreement and the other Loan
Documents or the making of a Loan, and (B) any and all liabilities,
losses, damages, penalties (except, in the case of tax penalties, amounts
imposed as a result of the unreasonable delay of the Lenders in paying taxes),
judgments, suits, claims, costs and expenses of any kind or nature whatsoever
(including, without limitation, Attorney Costs) which may be imposed on,
incurred by or asserted against such Indemnitee arising out of or in connection
with (1) this Agreement or any Loan Document, the making of any Loan or
any use or intended use of the proceeds of any Loan, or (2) any tax
penalties (except amounts imposed as a result of the unreasonable delay of the
Lenders in paying

 64
 

taxes) and interest due the IRS relating to the
foregoing (the “Indemnified Liabilities”), and (ii) to reimburse the
Indemnitees, upon their demand as incurred for any costs or expenses
(including, without limitation, Attorney Costs) incurred in connection with
investigating, defending or preparing to defend or participating (including as
a witness) in any investigative, administrative or judicial proceeding whether
or not such Indemnitee shall be designated a party thereto, whether commenced
or threatened, with respect to any such actual, alleged or threatened
liability, loss, damage, penalty (except, in the case of tax penalties, amounts
imposed as a result of the unreasonable delay of the Lenders in paying taxes),
judgment, suit, claim, cost or expense. Notwithstanding the foregoing, no
Borrower shall have any obligation hereunder with respect to (1) any
Indemnified Liabilities owed to any Borrower that are directly attributable to
claims by a Borrower that the Administrative Agent or the Lenders have breached
this Agreement or (2) any Indemnified Liabilities to the extent they are
finally adjudged by a court of competent jurisdiction to have directly resulted
from the gross negligence or willful misconduct of any Indemnitee.

(b)                                  If, for the purposes of obtaining judgment in any
court, it is necessary to convert a sum due hereunder or any other Loan
Document in one currency into another currency, the rate -of exchange used
shall be Spot Rate.  The obligation of the
Borrowers in respect of any such sum due from them shall, notwithstanding any
judgment in a currency (the “Judgment Currency”) other than that in
which such sum is denominated in accordance with the applicable provisions of
the Loan Documents (the “Agreement Currency”), be discharged only to the
extent that the Administrative Agent and the Lenders can purchase the Dollar
Equivalent of the Agreement Currency.  If
the amount of the Agreement Currency so purchased is insufficient, the
Borrowers agree, as a separate obligation and notwithstanding any such
judgment, to indemnify relevant Indemnitees against such loss.  If the Dollar Equivalent of the Agreement
Currency is greater than the amount due, the Lender agrees to return any excess
to the Person who may be entitled thereto.

(c)                                  Each Indemnitee will promptly notify the
Administrative Borrower of each event of which it has knowledge which may give
rise to a claim under the indemnification provisions of this Section 11.05;
provided, however, that the failure to so notify the
Administrative Borrower shall in no way impair any Borrower’s obligations under
this Section 11.05, except to the extent that such failure to so
notify has an adverse effect on such Borrower. 
If any investigative, judicial or administrative proceeding arising from
any of the foregoing is brought against any Indemnitee indemnified or intended
to be indemnified pursuant to this Section 11.05, the Borrowers
shall be entitled to participate in the defense of such action, suit, or
proceeding at their own expense.  Unless
an Event of Default has occurred and is continuing, to the extent a Borrower so
elects, it may assume such defense (and by such assumption shall be deemed to
have accepted responsibility for any judgment, settlement, or other liability
arising therefrom other than such as may arise as a result of the gross
negligence or willful misconduct of the Indemnitee), to be conducted by counsel
chosen by it, which counsel shall be satisfactory to such Indemnitee.  Each Borrower agrees to keep such Indemnitee
advised of the status of such defense and to consult with such Indemnitee prior
to taking any material position with respect thereto.  Such Indemnitee shall, however, be entitled
to employ counsel (including in-house counsel) separate from the Borrowers and
from any other party in such action if such Indemnitee shall reasonably
determine that a conflict of interest exists which makes representation by
counsel chosen by the Borrowers not advisable. 
The fees and disbursements of such separate counsel

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(including the allocated cost of in-house counsel)
shall be paid by the Borrowers; provided that the Borrowers shall not be
required to pay the fees and disbursements of more than one such separate
counsel in any one proceeding or series of related proceedings.  Such Indemnitee shall not agree to the
settlement of any such claim without the consent of the Borrowers, unless the
Borrowers shall have been given notice of the commencement of an action and
shall have failed to assume or fund the defense thereof as herein provided or an
Event of Default under Section 9.01(f) or (g) shall have
occurred or there shall have been delivered to the Parent notice under Section 9.02(b).  To the extent that the undertaking to
indemnify, pay and hold harmless set forth in the preceding provisions may be
of any law or public policy, the Borrowers shall make the maximum contribution
to the payment and satisfaction of each of the Indemnified Liabilities which is
permissible under Applicable Law.  All
Indemnified Liabilities shall be payable on demand.

(d)                                  The obligations of the Borrowers under this Section 11.05
shall survive the termination of this Agreement and the discharge of the
Borrowers’ other obligations hereunder.

11.06                 Marshalling; Payments Set Aside. 
Neither the Administrative Agent nor any Lender shall be under any
obligation to marshal any assets in favor of any Borrower or any other Person
or against or in payment of any or all of the Obligations.  To the extent that any Borrower makes a
payment or payments to the Administrative Agent or the Lenders, or the
Administrative Agent or the Lenders enforce their Liens or exercise their
rights of set-off, and such payment or payments or the proceeds of such
enforcement or set-off or any part thereof are subsequently invalidated,
declared to be fraudulent or preferential, set aside or required (including
pursuant to any settlement entered into by the Administrative Agent in its
discretion) to be repaid to a trustee, receiver or any other party in
connection with any bankruptcy or insolvency proceeding, or otherwise, then
(a) to the extent of such recovery the obligation or part thereof
originally intended to be satisfied shall be revived and continued in full
force and effect as if such payment had not been made or such enforcement or
set-off had not occurred, and (b) each Lender severally agrees to pay to
the Administrative Agent upon demand its ratable share of the total amount so
recovered from or repaid by the Administrative Agent.

11.07                 Successors and Assigns. 
The provisions of this Agreement shall be binding upon and inure to the
benefit of the parties hereto and their respective successors and assigns,
except that the Borrowers may not assign or transfer any of their rights or
obligations under this Agreement without the prior written consent of the
Administrative Agent and each Lender.

11.08                 Assignments, Participations,
Etc.

(a)                                  The provisions of this Agreement shall be binding upon
and inure to the benefit of the parties hereto and their respective successors
and assigns permitted hereby, except that the Borrowers may not assign or
otherwise transfer any of their rights or obligations hereunder without the
prior written consent of each Lender (and any attempted assignment or transfer
by the Borrowers without such consent shall be null and void).  Nothing in this Agreement, expressed or
implied, shall be construed to confer upon any Person (other than the parties
hereto, their respective successors and assigns permitted hereby, Participants
to the extent provided in subsection (d) of this Section and, to the
extent expressly contemplated hereby, the Indemnitees) any legal or equitable
right, remedy or claim under or by reason of this Agreement.

 66

(b)           Any
Lender may at any time assign to one or more Eligible Assignees all or a
portion of its rights and obligations under this Agreement (including all or a
portion of its Loans at the time owing to it; provided that
(i) except in the case of an assignment of the entire remaining amount of
the assigning Lender’s Loans at the time owing to it or in the case of an
assignment to a Lender or an Affiliate of a Lender or an Approved Fund with
respect to a Lender, the aggregate amount of the outstanding Loans subject to
each such assignment, determined as of the date the Assignment and Assumption
with respect to such assignment is delivered to the Administrative Agent or, if
“Trade Date” is specified in the Assignment and Assumption, as of the Trade
Date, shall not be less than $5,000,000 unless each of the Administrative Agent
and, so long as no Event of Default has occurred and is continuing, the
Borrowers otherwise consent (each such consent not to be unreasonably withheld
or delayed), (ii) each partial assignment shall be made as an assignment
of a proportionate part of all the assigning Lender’s rights and obligations
under this Agreement with respect to the Loans assigned, and (iii) the
parties to each assignment shall execute and deliver to the Administrative
Agent an Assignment and Assumption, together with a processing and recordation
fee of $3,500.  Subject to acceptance and
recording thereof by the Administrative Agent pursuant to subsection
(c) of this Section, from and after the effective date specified in each
Assignment and Assumption, the Eligible Assignee thereunder shall be a party to
this Agreement and, to the extent of the interest assigned by such Assignment
and Assumption, have the rights and obligations of a Lender under this
Agreement, and the assigning Lender thereunder shall, to the extent of the
interest assigned by such Assignment and Assumption, be released from its
obligations under this Agreement (and, in the case of an Assignment and
Assumption covering all of the assigning Lender’s rights and obligations under
this Agreement, such Lender shall cease to be a party hereto but shall continue
to be entitled to the benefits of Sections 4.01, 4.02 and 4.05
with respect to facts and circumstances occurring prior to the effective date
of such assignment).  Upon request, the
Borrowers (at their expense) shall execute and deliver new or replacement Notes
to the assigning Lender and the assignee Lender.  Any assignment or transfer by a Lender of
rights or obligations under this Agreement that does not comply with this
subsection shall be treated for purposes of this Agreement as a sale by such
Lender of a participation in such rights and obligations in accordance with
subsection (d) of this Section.

(c)           The
Administrative Agent, acting solely for this purpose as an agent of the
Borrowers, shall maintain at the Administrative Agent’s Office a copy of each
Assignment and Assumption delivered to it and a register for the recordation of
the names and addresses of the Lenders and the principal amounts of the Loans
owing to each Lender pursuant to the terms hereof from time to time (the “Register”).  The entries in the Register shall be
conclusive, and the Borrowers, the Administrative Agent and the Lenders may
treat each Person whose name is recorded in the Register pursuant to the terms
hereof as a Lender hereunder for all purposes of this Agreement,
notwithstanding notice to the contrary. 
The Register shall be available for inspection by the Borrowers and any
Lender, at any reasonable time and from time to time upon reasonable prior
notice.

(d)           Any
Lender may at any time, without the consent of, or notice to, the Borrowers or
the Administrative Agent, sell participations to any Person (other than a
natural person or the Parent or any of the Parent’s Affiliates or Subsidiaries
(each, a “Participant”) in all or a portion of such Lender’s rights
and/or obligations under this Agreement (including all or a portion of the
Loans owing to such Lender; provided that (i) such Lender’s
obligations under this Agreement

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shall remain unchanged, (ii) such Lender shall
remain solely responsible to the other parties hereto for the performance of
such obligations and (iii) the Borrowers, the Administrative Agent and the
other Lenders shall continue to deal solely and directly with such Lender in
connection with such Lender’s rights and obligations under this Agreement.  Any agreement or instrument pursuant to which
a Lender sells such a participation shall provide that such Lender shall retain
the sole right to enforce this Agreement and to approve any amendment,
modification or waiver of any provision of this Agreement; provided that such
agreement or instrument may provide that such Lender will not, without the
consent of the Participant, agree to any amendment, waiver or other
modification that would (i) postpone any date upon which any payment of
money is scheduled to be paid to such Participant, (ii) reduce the
principal, interest, fees or other amounts payable to such Participant, or
(iii) release any Guarantor from the Master Guaranty.  Subject to subsection (e) of this
Section, each Borrower agrees that each Participant shall be entitled to the
benefits of Sections 4.01, 4.02 and 4.05 to the same
extent as if it were a Lender and had acquired its interest by assignment
pursuant to subsection (b) of this Section.  To the extent permitted by law, each
Participant also shall be entitled to the benefits of Section 11.09
as though it were a Lender, provided such Participant agrees to be
subject to Section 2.13 as though it were a Lender.

(e)           A
Participant shall not be entitled to receive any greater payment under Section 4.01
or 4.02 than the applicable Lender would have been entitled to receive
with respect to the participation sold to such Participant, unless the sale of
the participation to such Participant is made with the Borrowers’ prior written
consent.  A Participant that would be a
foreign Person if it were a Lender shall not be entitled to the benefits of Section 4.01
unless the Borrowers are notified of the participation sold to such Participant
and such Participant agrees, for the benefit of the Borrowers, to comply with Section 4.01
as though it were a Lender.

(f)            Any
Lender may at any time pledge or assign a security interest in all or any
portion of its rights under this Agreement (including under its Notes, if any)
to secure obligations of such Lender, including any pledge or assignment, to
secure obligations to a Federal Reserve Bank; provided that no such
pledge or assignment shall release such Lender from any of its obligations
hereunder or substitute any such pledgee or assignee for such Lender as a party
hereto.

(g)           As
used herein, the following terms have the following meanings:

“Eligible Assignee” means (a) a Lender;
(b) an Affiliate of a Lender; (c) an Approved Fund; and (d) any
other Person (other than a natural person) approved by (i) the
Administrative Agent and (ii) unless (A) such Person is taking
delivery of an assignment in connection with physical settlement of a credit
derivative transaction or (B) an Event of Default has occurred and is
continuing, the Borrowers (each such approval not to be unreasonably withheld
or delayed); provided that notwithstanding the foregoing, “Eligible
Assignee” shall not include any Borrower Party or any Affiliate or Subsidiary
of a Borrower Party.

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

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“Approved Fund” means any Fund that is
administered or managed by (a) a Lender, (b) an Affiliate of a Lender
or (c) an entity or an Affiliate of an entity that administers or manages
a Lender.

(h)           Each
Lender agrees to take normal and reasonable precautions and exercise due care,
to maintain the confidentiality of all information identified as “confidential”
by any Borrower and provided to it by a Borrower or any Subsidiary of any
Borrower, or by the Administrative Agent on such Borrower’s or Subsidiary’s
benefit, in connection with this Agreement or any other Loan Document, and
neither it nor any of its Affiliates shall use any such information for any
purpose or in any manner other than pursuant to the terms contemplated by this
Agreement; except to the extent such information (i) was or becomes
generally available to the public other than as a result of a disclosure by the
Lender, or (ii) was or become available on a non-confidential basis from a
source other than a Borrower, provided that such source is not bound by a
confidentiality agreement with any Borrower known to the Lender; provided,
however, that any Lender may disclose such information (A) at the request
or pursuant to any requirement of any Governmental Authority to which the
Lender is subject or in connection with an examination of such Lender by any
such authority; (B) pursuant to subpoena or other court process;
(C) when required to do so in accordance with the provisions of any
Applicable Law; (D) to the extent reasonably required in connection with
any litigation or proceeding to which the Administrative Agent, any Lender or
their respective Affiliates may be party, (E) to the extent reasonably
required in connection with the exercise of any remedy hereunder or under any
other Loan Document, and (F) to such Lender’s independent auditors and
other professional advisors provided such auditors or professional advisors
agree in writing to keep such information confidential to the same extent
required of the Lenders hereunder.  Notwithstanding
the foregoing, each Borrower authorizes each Lender to disclose to any
Participant, Assignee or counterparty (or its advisor) to any swap,
securitization or derivative transaction referencing or involving any of the
rights or obligations of such Lender under this Agreement (each, a “Transferee”)
and to any prospective Transferee, such financial and other information in such
Lender’s possession concerning any Borrower or its Subsidiaries which has been
delivered to the Administrative Agent or the Lenders pursuant to this Agreement
or which has been delivered to the Administrative Agent or the Lenders by any
Borrower in connection with the Lender’s credit evaluation of the Borrowers
prior to entering into this Agreement; provided, however, that,
unless otherwise agreed by the Borrowers, such Transferee agrees in writing to
such Lender to keep such information confidential to the same extent required
of the Lenders hereunder. 
Notwithstanding anything herein to the contrary, effective immediately
upon commencement of any discussions regarding the transactions contemplated in
this Agreement and any other Loan Document, confidential information shall not
include, and all parties to this Agreement or any of the Loan Documents (and
each employee representative, or other agent of any such party) may disclose to
any and all Persons without limitation of any kind, any information with
respect to the “tax treatment” and “tax structure” (in each case, within the
meaning of Treasury Regulation Section 1.6011-4) of the transactions
contemplated hereby and all materials of any kind (including opinions or other
tax analyses) that are provided to such party relating to such tax treatment
and tax structure; provided that with respect to any document or similar
item that in either case contains information concerning the tax treatment or
tax structure of the transaction as well as other information, this sentence
shall only apply to such portions of the document or similar item that relate
to the tax treatment or tax structure of the Loans and transactions
contemplated hereby.

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(i)            Each
Lender shall promptly notify the Administrative Borrower if it determines or
otherwise treats the Loans and/or its interest in Letters of Credit as part of
a transaction that is subject to Treasury Regulation Section 301.6112-1.

11.09      Set-Off. 
In addition to any rights and remedies of the Lenders provided by law,
if an Event of Default exists, each Lender is authorized at any time and from
time to time, without prior notice to any Borrower, any such notice being
waived by the Borrowers to the fullest extent permitted by law, to set off and
apply any and all deposits (general or special, time or demand, provisional or
final) at any time held by, and other indebtedness at any time owing to, such
Lender to or for the credit or the account of any Borrower against any and all
Obligations owing to such Lender, now or hereafter existing, irrespective of
whether or not the Administrative Agent or such Lender shall have made demand
under this Agreement or any Loan Document and although such Obligations may be
contingent or unmatured.  Each Lender
agrees promptly to notify the Administrative Borrower and the Administrative
Agent after any such set-off and application made by such Lender; provided,
however, that the failure to give such notice shall not affect the
validity of such set-off and application. 
The rights of each Lender under this Section 11.09 are in
addition to the other rights and remedies (including other rights of set-off)
which the Lender may have.

11.10      Notification
of Addresses, Lending Offices, Etc.  Each Lender
shall notify the Administrative Agent in writing of any changes in the address
to which notices to the Lender should be directed, of addresses of its Lending
Office, of payment instructions in respect of all payments to be made to it
hereunder and of such other administrative information as the Administrative
Agent shall reasonably request.

11.11      Counterparts. 
This Agreement may be executed by one or more of the parties to this
Agreement in any number of separate counterparts, each of which, when so
executed, shall be deemed an original, and all of such counterparts taken
together shall be deemed to constitute but one and the same instrument.  A set of the copies of this Agreement signed
by all the parties shall be lodged with the Administrative Borrower and the
Administrative Agent.

11.12      Severability. 
The illegality or unenforceability of any provision of this Agreement or
any instrument or agreement required hereunder shall not in any way affect or
impair the legality or enforceability of the remaining provisions of this
Agreement or any instrument or agreement required hereunder.

11.13      No
Third Parties Benefited.  This Agreement is made and
entered into for the sole protection and legal benefit of the Borrowers, the
Lenders and the Administrative Agent, and their permitted successors, assignees
and participants, and no other Person shall be a direct or indirect legal
beneficiary of, or have any direct or indirect cause of action or claim in
connection with, this Agreement or any of the other Loan Documents.  Neither the Administrative Agent nor any
Lender shall have any obligation to any Person not a party to this Agreement or
other Loan Documents.

11.14      Time. 
Time is of the essence as to each term or provision of this Agreement
and each of the other Loan Documents.

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11.15                 Governing Law
and Jurisdiction.

(a)                                  THIS AGREEMENT AND ANY NOTES SHALL BE GOVERNED BY, AND
CONSTRUED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK EXCEPT, IN THE
CASE OF SECTION 3, TO THE EXTENT THAT SUCH LAWS ARE INCONSISTENT
WITH THE UCP; PROVIDED THAT ADMINISTRATIVE AGENT AND THE LENDERS SHALL RETAIN
ALL RIGHTS ARISING UNDER FEDERAL LAW.

(b)                                  ANY LEGAL ACTION OR PROCEEDING WITH RESPECT TO THIS
AGREEMENT AND ANY OTHER LOAN DOCUMENTS MAY BE BROUGHT IN THE COURTS OF THE
STATE OF CALIFORNIA OR OF THE UNITED STATES FOR THE CENTRAL DISTRICT OF
CALIFORNIA, AND BY EXECUTION AND DELIVERY OF THIS AGREEMENT, EACH OF THE
BORROWERS, THE ADMINISTRATIVE AGENT, AND THE LENDERS CONSENTS, FOR ITSELF AND
IN RESPECT OF ITS PROPERTY, TO THE NON-EXCLUSIVE JURISDICTION OF THOSE
COURTS.  EACH OF THE BORROWERS, THE
ADMINISTRATIVE AGENT AND THE LENDERS IRREVOCABLY WAIVES ANY OBJECTION,
INCLUDING ANY OBJECTION TO THE LAYING OF VENUE OR BASED ON THE GROUNDS OF FORUM
NON CONVENIENS, WHICH IT MAY NOW OR HEREAFTER HAVE TO THE BRINGING OF ANY
ACTION OR PROCEEDING IN SUCH JURISDICTION IN RESPECT OF THIS AGREEMENT OR ANY
DOCUMENT RELATED HERETO.  THE BORROWERS,
THE ADMINISTRATIVE AGENT AND THE LENDERS EACH WAIVE PERSONAL SERVICE OF ANY SUMMONS,
COMPLAINT OR OTHER PROCESS, WHICH MAY BE MADE BY ANY OTHER MEANS PERMITTED BY
CALIFORNIA LAW.

11.16                 Waiver of Jury Trial. 
THE BORROWERS, THE LENDERS AND THE ADMINISTRATIVE AGENT EACH WAIVE THEIR
RESPECTIVE RIGHTS TO A TRIAL BY JURY OF ANY CLAIM OR CAUSE OF ACTION BASED UPON
OR ARISING OUT OF OR RELATED TO THIS AGREEMENT, THE OTHER LOAN DOCUMENTS, OR
THE TRANSACTIONS CONTEMPLATED HEREBY OR THEREBY, IN ANY ACTION, PROCEEDING OR
OTHER LITIGATION OF ANY TYPE BROUGHT BY ANY OF THE PARTIES AGAINST ANY OTHER
PARTY OR PARTIES, WHETHER WITH RESPECT TO CONTRACT CLAIMS, TORT CLAIMS, OR
OTHERWISE.  THE BORROWERS, THE LENDERS
AND THE ADMINISTRATIVE AGENT EACH AGREE THAT ANY SUCH CLAIM OR CAUSE OF ACTION
SHALL BE TRIED BY A COURT TRIAL WITHOUT A JURY. 
WITHOUT LIMITING THE FOREGOING, THE PARTIES FURTHER AGREE THAT THEIR
RESPECTIVE RIGHTS TO A TRIAL BY JURY ARE WAIVED BY OPERATION OF THIS SECTION AS
TO ANY ACTION, COUNTERCLAIM OR OTHER PROCEEDING WHICH SEEKS, IN WHOLE OR IN
PART, TO CHALLENGE THE VALIDITY OR ENFORCEABILITY OF THIS AGREEMENT OR THE
OTHER LOAN DOCUMENTS OR ANY PROVISION HEREOF OR THEREOF. THIS WAIVER SHALL
APPLY TO ANY SUBSEQUENT AMENDMENTS, RENEWALS, SUPPLEMENTS OR MODIFICATIONS TO
THIS AGREEMENT AND THE OTHER LOAN DOCUMENTS.

11.17                 Entire Agreement. 
This Agreement, together with the other Loan Documents, embodies the
entire agreement and understanding among the Borrowers, the Lenders and the
Administrative Agent, and supersedes all prior or contemporaneous Agreements
and

 71
 

understandings
of such Persons, verbal or written, relating to the subject matter hereof and
any prior arrangements made with respect to the payment by the Borrowers of (or
any indemnification for) any fees, costs or expenses payable to or incurred (or
to be incurred) by or on behalf of the Administrative Agent or the Lenders.

11.18                 Obligations Joint and
Several; Appointment of Administrative Borrower; Certain Waivers.

(a)                                  The obligations of the Borrowers under this Agreement
are joint and several.

(b)                                  Each Borrower agrees that neither the Administrative
Agent nor any Lender shall have any responsibility to inquire into the
apportionment, allocation or disposition of the proceeds of any Credit
Extension as among the Borrowers.

(c)                                  Anything contained in this Agreement to the contrary
notwithstanding, if any Fraudulent Transfer Law (as hereinafter defined) is
determined by a court of competent jurisdiction to be applicable to the
obligations of any Borrower under this Agreement, such obligations of such
Borrower hereunder shall be limited to a maximum aggregate amount equal to the
largest amount that would not render its obligations hereunder subject to
avoidance as a fraudulent transfer or conveyance under Section 548 of
Title 11 of the United States Code or any applicable provisions of
comparable state or foreign law (collectively, the “Fraudulent
Transfer Laws”), in each case after giving effect to all other
liabilities of such Borrower, contingent or otherwise, that are relevant under
the Fraudulent Transfer Laws (specifically excluding, however, any liabilities
of such Borrower (x) in respect of intercompany indebtedness to the
Parent, its Subsidiaries or other Affiliates of the Parent to the extent that
such Indebtedness would be discharged in an amount equal to the amount paid by
such Borrower hereunder and (y) under any guaranty of subordinated
indebtedness which guaranty contains a limitation as to maximum amount similar
to that set forth in this Section 11.18(c), pursuant to which the
liability of such Borrower hereunder is included in the liabilities taken into
account in determining such maximum amount) and after giving effect as assets
to the value (as determined under the applicable provisions of the Fraudulent
Transfer Laws) of any rights to subrogation, reimbursement, indemnification or
contribution of such Borrower pursuant to applicable law or pursuant to the
terms of any agreement (including without limitation any such right of
contribution under Section 11.18(d)).

(d)                                  The Borrowers together desire to allocate among
themselves, in a fair and equitable manner, their obligations arising under
this Section 11.18.  Accordingly,
in the event any payment or distribution is made on any date by any Borrower
under this Section 11.18 (a “Funding Borrower”)
that exceeds its Fair Share (as defined below) as of such date, that Funding
Borrower shall be entitled to a contribution from each of the other Borrowers
in the amount of such other Borrower’s Fair Share Shortfall (as defined below)
as of such date, with the result that all such contributions will cause each
Borrower’s Aggregate Payments (as defined below) to equal its Fair Share as of
such date.  “Fair Share”
means, with respect to a Borrower as of any date of determination, an amount
equal to (i) the ratio of (x) the Adjusted Maximum Amount (as defined
below) with respect to such Borrower to (y) the aggregate of the Adjusted
Maximum Amounts with respect to all Borrowers, multiplied
by (ii) the aggregate amount paid or distributed on or before
such date by all Funding Borrowers under this Section 11.18 in respect

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of the obligations guaranteed.  “Fair Share Shortfall”
means, with respect to a Borrower as of any date of determination, the excess,
if any, of the Fair Share of such Borrower over the Aggregate Payments of such
Borrower.  “Adjusted
Maximum Amount” means, with respect to a Borrower as of any date of
determination, the maximum aggregate amount of the obligations of such Borrower
under this Section 11.18, determined as of such date in accordance with Section 11.18(c);
provided that, solely for purposes of
calculating the “Adjusted Maximum Amount” with respect to any Borrower for
purposes of this Section 11.18(d), any assets or liabilities of
such Borrower arising by virtue of any rights to subrogation, reimbursement or
indemnification or any rights to or obligations of contribution hereunder shall
not be considered as assets or liabilities of such Borrower.  “Aggregate Payments”
means, with respect to a Borrower as of any date of determination, an amount
equal to (i) the aggregate amount of all payments and distributions made
on or before such date by such Borrower in respect of this Section 11.18
(including, without limitation, in respect of this Section 11.18(d))
minus, (ii) the aggregate amount of all payments received on or before
such date by such Borrower from the other Borrowers as contributions under this
Section 11.18(d).  The
amounts payable as contributions hereunder shall be determined as of the date
on which the related payment or distribution is made by the applicable Funding
Borrower.  The allocation among Borrowers
of their obligations as set forth in this Section 11.18(d) shall
not be construed in any way to limit the liability of any Borrower hereunder.

(e)                                  Each Borrower hereby irrevocably appoints the
Administrative Borrower as its agent and attorney-in-fact for all purposes of
the Loan Documents, including without limitation the giving and receiving of
notices and other communications, the making of requests for, or conversions or
continuations of, Loans, the execution and delivery of certificates (except for
compliance certificates expressly required and any other certificates expressly
required hereunder to be given by the Parent) and the receipt and allocation of
disbursements from the Lenders.

(f)                                    Each Borrower represents and warrants to the
Administrative Agent and the Lenders that (i) it has established adequate
means of obtaining from each other Borrower on a continuing basis financial and
other information pertaining to the business, operations and condition
(financial and otherwise) of each other Borrower and its respective property,
and (ii) each Borrower now is and hereafter will be completely familiar
with the business, operations and condition (financial and otherwise) of each
other Borrower, and its property.  Each
Borrower hereby waives and relinquishes any duty on the part of the
Administrative Agent or any Lender to disclose to such Borrower any matter,
fact or thing relating to the business, operations or condition (financial or
otherwise) of any other Borrower, or the property of any other Borrower,
whether now or hereafter known by the Administrative Agent or any Lender during
the life of this Agreement.

(g)                                 Each Borrower acknowledges that its Obligations may
derive from value provided directly to another Person and, in full recognition
of that fact, each Borrower consents and agrees that the Administrative Agent
and any Lender may, at any time and from time to time, without notice to,
demand on, or the agreement of, such Borrower, and without affecting the
enforceability or security of the Loan Documents:

 73
 

(i)                                     with the agreement of each other
Borrower, supplement, modify, amend, extend, renew, accelerate or change the
terms of the Obligations, or otherwise change the time for payment of the
Obligations or any part thereof, including increasing or decreasing the rate of
interest thereon;

(ii)                                  with the agreement of each other
Borrower, supplement, modify, amend or waive, or enter any agreement, approval
or consent with respect to, the Obligations or any part thereof or any of the
Loan Documents or any additional security or guaranties, or any condition,
covenant, default, remedy, right, representation or term thereof or thereunder;

(iii)                               with the agreement of each other
Borrower, accept new or additional instruments, documents or agreements in exchange
for, or relative to, any. of the Loan Documents or the Obligations or any part
thereof;

(iv)                              accept partial payments on the
Obligations;

(v)                                 with the agreement of each other
Borrower, receive and hold additional security or guaranties for the Obligations
or any part thereof;

(vi)                              release, reconvey, terminate, waive,
abandon, subordinate, exchange, substitute, transfer and enforce any security
or guaranties, and apply any security and direct the order or manner of sale
thereof as the Administrative Agent or any Lender in its sole and absolute
discretion may determine;

(vii)                           release any party or any guarantor from
any personal liability with respect to the Obligations or any part thereof;

(viii)                        settle, release on terms satisfactory to
the Administrative Agent or such Lender and each other Borrower, or by
operation of Applicable Law or otherwise liquidate or enforce any Obligations
and any security or guaranty in any manner, consent to the transfer of any
security and bid and purchase at any sale; and/or

(ix)                                consent to the merger, change or any
other restructuring or termination of the corporate existence of each other
Borrower or any other Person, and correspondingly restructure the Obligations,
continuing existence of any Lien under any other Loan Document to which any
Borrower is a party or the enforceability hereof or thereof with respect to all
or any part of the Obligations.

(h)                                 Each Borrower expressly waives any right to require
the Administrative Agent or any Lender to marshal assets in favor of any
Borrower or any other Person or to proceed against any other Borrower or any
other Person or any other Person, and agrees that the Administrative Agent and
any Lender may proceed against Borrowers in such order as they shall determine
in their sole and absolute discretion. 
The Administrative Agent and any Lender may file a separate action or
actions against any Borrower, whether action is brought or prosecuted with
respect to any other security or against any other Person, or whether any other
Person is joined in any such action or actions. 
Each Borrower agrees that the Administrative Agent or any Lender and any
other Borrower may deal with each other in connection with the Obligations or
otherwise,

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or alter any contracts or agreements now or hereafter
existing between any of them, in any manner whatsoever, all without in any way
altering or affecting the obligations of such Borrower under the Loan
Documents.

(i)                                    Each Borrower expressly waives any and all defenses
now or hereafter arising or asserted by reason of (i) any disability or
other defense of any other Borrower or any other Person with respect to any
Obligations, (ii) the unenforceability or invalidity as to any other
Borrower or any other Person of the Obligations, (iii) the unenforceability
or invalidity of any security or guaranty for the Obligations or the lack of
perfection or continuing perfection or failure of priority of any security for
the Obligations, (iv) the cessation for any cause whatsoever of the
liability of any Borrower or any other Person (other than by reason of the full
payment and performance of all Obligations), (v) to the extent permitted
by law, any failure of the Administrative Agent or any Lender to give notice of
sale or other disposition to any Borrower or any defect in any notice that may
be given in connection with any sale or disposition, (vi) to the extent
permitted by law, any failure of the Administrative Agent or any Lender to
comply with applicable laws in connection with the sale or other disposition of
any security for any Obligation, including without limitation any failure of
the Administrative Agent or any Lender to conduct a commercially reasonable
sale or other disposition of any security for any obligation, (vii) any
act or omission of the Administrative Agent or any Lender or others that
directly or indirectly results in or aids the discharge or release of any
Borrower or any other Person or the Obligations or any other security or
guaranty therefore by operation of law or otherwise, (viii) any failure of
the Administrative Agent or any Lender to file or enforce a claim in any
bankruptcy or other proceeding with respect to any other Borrower,
(ix) the election by the Administrative Agent or any Lender, in any
bankruptcy proceeding of any other Borrower, of the application or
non-application of Section 1111 (b)(2) of the United States Bankruptcy
Code, (x) any extension of credit or the grant of any Lien under
Section 364 of the United States Bankruptcy Code in connection with the
bankruptcy of any other Borrower, (xi) any use of cash collateral under
Section 363 of the United States Bankruptcy Code, or (xii) any
agreement or stipulation with any other Borrower with respect to the provision
of adequate protection in any bankruptcy proceeding of any Person.

(j)                                    Notwithstanding anything to the contrary elsewhere
contained herein or in any other Loan Document to which any Borrower is a
party, each Borrower hereby waives with respect to each other Borrower and
their respective successors and assigns (including any surety) and any other
party any and all rights at law or in equity, to subrogation to reimbursement,
to exoneration, to contribution, to setoff or to any other rights that could
accrue to a surety against a principal, to a guarantor against a maker, to an accommodation
party against the party accommodated, or to a holder or transferee against a
maker and which any Borrower may have or hereafter acquire against each other
Borrower or any other party in connection with or as a result of Borrowers’
execution, delivery and/or performance of this Agreement or any other Loan
Document to which any Borrower is a party. 
Each Borrower agrees that it shall not have or assert any such rights
against one another or their respective successors and assigns or any other party
(including any surety), either directly or as an attempted setoff to any action
commenced against any Borrower by another Borrower (as borrower or in any other
capacity) or any other party.  Each
Borrower hereby acknowledges and agrees that this waiver is intended to benefit
the Lenders and shall not limit or otherwise affect Borrowers, liability
hereunder, under any other Loan Document to which any Borrower is a party, or
the enforceability hereof or thereof.

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

[The rest of this page intentionally left blank;
signature page follows]

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IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be
executed and delivered as of the date first set forth above.

	
  

  	
  The Borrowers:

  
	
   

  	
   

  
	
   

  	
  MAUNSELL HK HOLDINGS, LTD.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
  Name:

  	
   

  	
   

  
	
   

  	
  Title:

  	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  FABER MAUNSELL LIMITED

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
  Name:

  	
   

  	
   

  
	
   

  	
  Title:

  	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  W.E. BASSETT PARTNERS PTY. LTD.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
  Name:

  	
   

  	
   

  
	
   

  	
  Title:

  	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  MAUNSELL GROUP LIMITED

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
  Name:

  	
   

  	
   

  
	
   

  	
  Title:

  	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  MAUNSELL AUSTRALIA PTY. LTD.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
  Name:

  	
   

  	
   

  
	
   

  	
  Title:

  	
   

  	
   

  

 

 S-1
 

 

	
  

  	
  UNION   BANK
  OF CALIFORNIA, N.A.,

  as Administrative Agent

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
  Name:

  	
   

  	
   

  
	
   

  	
  Title:

  	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  UNION BANK OF CALIFORNIA, N.A., as a

  Lender

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
  Name:

  	
   

  	
   

  
	
   

  	
  Title:

  	
   

  	
   

  

 S-2
 

 

	
  

  	
  BANK OF MONTREAL, ACTING UNDER

  ITS TRADE NAME BMO CAPITAL

  MARKERS, 

  as Syndication Agent

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
   

  	
  John A.
  Armstrong

  	
   

  
	
   

  	
   

  	
  Vice President

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  HARRIS N.A.,

  as a Lender

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
   

  	
  John A.
  Armstrong

  	
   

  
	
   

  	
   

  	
  Vice President

  	
   

  

 S-3
 

 

	
  

  	
  WELLS FARGO BANK, N.A.,

  as a Lender

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
  Name:

  	
   

  	
   

  
	
   

  	
  Title:

  	
   

  	
   

  

 S-4
 

 

	
  

  	
  LASALLE BANK NATIONAL

  ASSOCIATION, as a Lender

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
  Name:

  	
   

  	
   

  
	
   

  	
  Title:

  	
   

  	
   

  

 S-5
 

 

	
  

  	
  BNP PARIBAS,

  as a Lender

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
  Name:

  	
   

  	
   

  
	
   

  	
  Title:

  	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
  Name:

  	
   

  	
   

  
	
   

  	
  Title:

  	
   

  	
   

  

 S-6
 

 

	
  

  	
  BANK OF AMERICA, N.A.,

  as a Lender

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
  Name:

  	
   

  	
   

  
	
   

  	
  Title:

  	
   

  	
   

  

 S-7
 

 

	
  

  	
  U.S. BANK NATIONAL ASSOCIATION,

  as a Lender

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
  Name:

  	
   

  	
   

  
	
   

  	
  Title:

  	
   

  	
   

  

 S-8
 

 

	
  

  	
  CITY NATIONAL BANK,

  as a Lender

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
  Name:

  	
   

  	
   

  
	
   

  	
  Title:

  	
   

  	
   

  

 S-9
 

 

	
  

  	
  THE NORTHERN TRUST COMPANY,

  as a Lender

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
  Name:

  	
   

  	
   

  
	
   

  	
  Title:

  	
   

  	
   

  

 

 S-10

EXHIBIT A

FORM OF REQUEST FOR
EXTENSION OF CREDIT

Date: September 22,
2006

To:                              Union Bank of California,
N.A.,

as Administrative
Agent

 

Ladies
and Gentlemen:

Reference is made to the Term Credit Agreement dated as of
September 22, 2006 among Maunsell HK Holdings, Ltd., Faber Maunsell
Limited, W.E. Bassett & Partners Pty. Ltd., Maunsell Group Limited, and
Maunsell Australia Pty. Ltd. (collectively, the “Borrowers”), the
Lenders from time to time party thereto, Union Bank of California, N.A., as the
Administrative Agent, and Bank of Montreal, acting under its trade name BMO
Capital Markets, as the Syndication Agent (as amended, restated, extended,
supplemented or otherwise modified in writing from time to time, the “Agreement;”
the terms defined therein being used herein as therein defined).

The undersigned hereby requests a Borrowing of Loans:

	
  1.

  	
  On September 22, 2006.

  
	
   

  	
   

  
	
  2.

  	
  In the amount of [$]                                   .

  	
   

  
	
   

  	
   

  
	
  3.

  	
  Comprised of
                                               

  
	
   

  	
   

  	
  [type of Loan requested]

  
	
   

  	
   

  	
   

  
	
  4.

  	
  For Offshore Rate Loans:  with an Interest Period of
                        
  months.

  
				

 

The foregoing request complies with the requirements of Sections 2.01
and 2.03 of the Agreement.  The
undersigned hereby certifies that the following statements are true on the date
hereof, and will be true on the above date, before and after giving effect to
the application of the proceeds therefrom:

(a)                                  all of the representations and warranties
of the Borrowers contained in Section 6 of the Agreement and in any other
Loan Documents and all of the representations and warranties of the Guarantors
in the Master Guaranty and in any other Loan Documents shall be true and correct
in all material respects on and as of the Closing Date as though made on and as
of this date; and

 1
 

(b)                                 no Default or Event of Default has
occurred and is continuing or would result from this Extension of Credit.

	
   

  	
  FABER MAUNSELL LIMITED,

  
	
   

  	
  as Administrative Borrower

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  Name:

  	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  Title:

  	
   

  	
   

  
							

 

 2

EXHIBIT B

FORM OF

REQUEST FOR CONVERSION/CONTINUATION

Date:              ,
20    

To:                              Union Bank of California, N.A., 

as Administrative Agent

Ladies
and Gentlemen:

Reference is made to the Term Credit Agreement dated as of
September 22, 2006 among Maunsell HK Holdings, Ltd., Faber Maunsell
Limited, W.E. Bassett & Partners Pty. Ltd., Maunsell Group Limited, and
Maunsell Australia Pty. Ltd. (collectively, the “Borrowers”), the
Lenders from time to time party thereto, Union Bank of California, N.A., as the
Administrative Agent, and Bank of Montreal, acting under its trade name BMO
Capital Markets, as the Syndication Agent (as amended, restated, extended,
supplemented or otherwise modified in writing from time to time, the “Agreement;”
the terms defined therein being used herein as therein defined).

The undersigned hereby requests a [Continuation] [Conversion] of the
Loans specified herein:

1.                                       The [Continuation][Conversion] date shall
be                   ,
20     (a Business Day).

2.                                       The aggregate amount of the Loans to be
[Continued][Converted] is $          .

3.                                       The Loans are to be [Continued
as][Converted into] Offshore Rate Loans with an Interest Period of                         months.

The foregoing request complies with the requirements of Sections 2.01
and 2.03 of the Agreement.  The
undersigned hereby certifies that the following statements are true on the date
hereof, and will be true on the above date, before and after giving effect to
the application of the proceeds therefrom:

(a)                                  all of the representations and warranties
of the Borrowers contained in Section 6 of the Agreement and in any other
Loan Documents and all of the representations and warranties of the Guarantors
in the Master Guaranty and in any other Loan Documents shall be true and correct
in all material respects on and as of the Closing Date as though made on and as
of this date; and

 1
 

(b)                                 no Default or Event of Default has
occurred and is continuing or would result from this Extension of Credit.

	
   

  	
  FABER MAUNSELL LIMITED,

  
	
   

  	
  as Administrative Borrower

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  Name:

  	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  Title:

  	
   

  	
   

  
							

 

 2

EXHIBIT C

FORM OF

NOTE

	
  $                                          

  	
  September 22, 2006

  

 

FOR VALUE RECEIVED, the undersigned (collectively, the “Borrowers”)
hereby promise to pay to the order of                            
(the “Lender”), the principal amount of           
Dollars ($            ),
payable as hereinafter set forth.

This Note is issued under and is one of the “Notes” referred to
in the Term Credit Agreement dated as of September 22, 2006, by and among
the Borrowers, the Lenders party thereto, Union Bank of California. N.A., as
Administrative Agent, and Bank of Montreal, acting under its trade name BMO
Capital Markets, as Syndication Agent (the “Agreement”).  Reference is hereby made to the Agreement for
rights and obligations of payment and prepayment, events of default and the
right of the Lender to accelerate the maturity hereof upon the occurrence of
such events.  The Loan made by the Lender
to the Borrowers on the Closing Date pursuant to the Agreement shall be evidenced
by one or more loan accounts or records maintained by the Lender in the
ordinary course of business.  The Lender
may also attach schedules to this Note and endorse thereon the date, amount and
maturity of its Loan and payments with respect thereto.

The principal indebtedness evidenced by this Note shall be payable as
provided in the agreement and in any event on the Maturity Date.

The Borrower promises to pay interest on the principal indebtedness
evidenced by this Note from the Closing Date until such principal amount is
paid in full, at such interest rates, and payable at such times as are
specified in the Agreement.  All payments
of principal and interest shall be made to the Administrative Agent at the
Administrative Agent’s Payment office for the account of the Lender in
immediately available funds in the currency or currencies in which such
principal was advanced by the Lender.  If
any amount is not paid in full when due hereunder, such unpaid amount shall bear
interest, to be paid upon demand, from the due date thereof until the date of
actual payment (and before as well as after judgment) computed at the per annum
rate set forth in the Agreement.

The Borrower, for itself and its successors and assigns, hereby waives
diligence, presentment, protest and demand and notice of protest, demand,
dishonor and non-payment of this Note.

The Borrower agrees to pay all collection expenses, court costs and
Attorney Costs (whether or not litigation is commenced) which may be incurred
by the Lender in connection with the collection or enforcement of this Note.

 1
 

THIS NOTE SHALL BE
GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF
CALIFORNIA.

	
   

  	
  MAUNSELL HK HOLDINGS, LTD.,

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
  Name:

  	
   

  
	
   

  	
  Title:

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  FABER MAUNSELL LIMITED,

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
  Name:

  	
   

  
	
   

  	
  Title:

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  W.E. BASSETT & PARTNERS PTY. LTD.,

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
  Name:

  	
   

  
	
   

  	
  Title:

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  MAUNSELL GROUP LIMITED,

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
  Name:

  	
   

  
	
   

  	
  Title:

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  MAUNSELL AUSTRALIA PTY LTD,

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
  Name:

  	
   

  
	
   

  	
  Title:

  	
   

  

 

 2

SCHEDULE OF PAYMENTS OF PRINCIPAL

	
  Date

  	
   

  	
  Interest

  Period

  	
   

  	
  Amount of

  Principal

  Paid

  	
   

  	
  Unpaid

  Principal

  Balance

  	
   

  	
  Notation

  Made by

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  

 

 

 

 

 

 1

EXHIBIT D

FORM MASTER GUARANTY

(To Follow)

 

EXHIBIT E

ASSIGNMENT AND ACCEPTANCE

This Assignment and Acceptance (this “Assignment”) is dated as of the
Effective Date set forth below and is entered into by and between [insert name of Assignor] (the “Assignor”) and [insert name of Assignee] (the “Assignee”). Capitalized
terms used but not defined herein shall have the meanings given to them in the
Credit Agreement identified below (the “Credit Agreement”), receipt of a copy
of which is hereby acknowledged by the Assignee. The Standard Terms and
Conditions set forth in Annex 1 attached hereto are hereby agreed to and
incorporated herein by reference and made a part of this Assignment as if set
forth herein in full.

For an agreed consideration, the Assignor hereby irrevocably sells and
assigns to the Assignee, and the Assignee hereby irrevocably purchases and
assumes from the Assignor, subject to and in accordance with the Standard Terms
and Conditions and the Credit Agreement, as of the Effective Date inserted by
the Administrative Agent as contemplated below, the interest in and to all of
the Assignor’s rights and obligations under the Credit Agreement and any other
documents or instruments delivered pursuant thereto that represents the amount
and percentage interest identified below of all of the Assignor’s outstanding
rights and obligations under the respective facilities identified below (the “Assigned
Interest”).  Such sale and assignment is
without recourse to the Assignor and, except as expressly provided in this
Assignment, without representation or warranty by the Assignor.

	
  1.

  	
  Assignor:

  	
                                     

  
	
   

  	
   

  	
   

  
	
  2.

  	
  Assignee:

  	
                              [and
  is an Affiliate/Approved Fund(1)]

  
	
   

  	
   

  	
   

  
	
  3.

  	
  Borrowers:

  	
  Maunsell HK Holdings, Ltd., Faber Maunsell Limited, W.E. Bassett
  & Partners Pty. Ltd., Maunsell Group Limited, and Maunsell Australia Pty.
  Ltd.

  
	
   

  	
   

  	
   

  
	
  4.

  	
  Administrative Agent:

  	
  Union Bank of California, N.A., as the
  administrative agent under the Credit Agreement

  
	
   

  	
   

  	
   

  
	
  5.

  	
  Credit Agreement:

  	
  The Term Credit Agreement dated as of
  September 22, 2006, among the several financial institutions from time
  to time party thereto, Union Bank of California, N.A., as Administrative
  Agent, and Bank of Montreal, acting under its trade name BMO Capital Markets,
  as Syndication Agent.

  

 

(1)                                  Select as applicable.

 1
 

6.                                       Assigned Interest:

	
  Facility Assigned

  	
   

  	
  Aggregate

  Amount of

  Loans for all Lenders

  	
   

  	
  Amount of

  Loans Assigned

  	
   

  	
  Percentage

  Assigned of Loans(2)

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Term Loan

  	
   

  	
  $                           

  	
   

  	
  $                           

  	
   

  	
                            %

  	
   

  

 

Effective Date:                          ,
20    [to be inserted by
Administrative Agent and which shall be the effective date of recordation of
transfer in the register therefore.]

The terms set forth in this Assignment are hereby agreed to:

	
  

  	
  ASSIGNOR 

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  [NAME OF ASSIGNOR]

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By: 

  	
   

  
	
   

  	
   

  	
  Title

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  ASSIGNEE  

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  [NAME OF ASSIGNEE]

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
   

  	
  Title

  
				

 

(2)                                  Set forth, to at least 9 decimals, as a
percentage of the Loans of all Lenders thereunder.

 

 2
 

Consented
to and Accepted:

UNION BANK OF CALIFORNIA, N.A., 

as Administrative Agent

	
  By: 

  	
   

  	
   

  
	
   

  	
  Title

  
	
   

  	
   

  
	
   

  	
  [Consented to:](3)

  	
   

  
	
   

  	
   

  	
   

  
	
  MAUNSELL HK HOLDINGS, LTD.

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
  By:

  	
   

  	
   

  
	
   

  	
  Title

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  FABER MAUNSELL LIMITED

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
  By: 

  	
   

  	
   

  
	
   

  	
  Title

  
	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  W.E. BASSETT & PARTNERS PTY. LTD.

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
  By:

  	
   

  	
   

  
	
   

  	
  Title

  
	
   

  	
   

  
	
   

  	
   

  
	
  MAUNSELL GROUP LIMITED

  
	
   

  	
   

  
	
   

  	
   

  
	
  By:

  	
   

  	
   

  
	
   

  	
  Title

  
				

 

(3)                                  To be added only if the consent of the
Borrowers is required by the terms of the Credit Agreement

 3
 

 

	
  MAUNSELL AUSTRALIA PTY. LTD.

  	
   

  
	
   

  
	
   

  
	
  By:

  	
   

  	
   

  
	
   

  	
  Title

  
				

 

 4

ANNEX 1
TO ASSIGNMENT AND ACCEPTANCE

STANDARD TERMS AND
CONDITIONS

1.                                       Representations and Warranties.

1.1.                              Assignor.  The Assignor
(a) represents and warrants that (i) it is the legal and beneficial
owner of the Assigned Interest, (ii) the Assigned Interest is free and
clear of any lien, encumbrance or other adverse claim and (iii) it has
full power and authority, and has taken all action necessary, to execute and
deliver this Assignment and to consummate the transactions contemplated hereby;
and (b) assumes no responsibility with respect to (i) any statements,
warranties or representations made in or in connection with any Loan Document,
(ii) the execution, legality, validity, enforceability, genuineness,
sufficiency or value of the Credit Agreement or any other instrument or
document delivered pursuant thereto, other than this Assignment (herein
collectively the “Loan Documents”), or any collateral thereunder,
(iii) the financial condition of any Borrower Party or (iv) the
performance or observance by any Borrower Party, the Administrative Agent or
any Lender of any of its obligations under any Loan Document.

1.2.                              Assignee.  The Assignee
(a) represents and warrants that (i) it has full power and authority,
and has taken all action necessary, to execute and deliver this Assignment and
to consummate the transactions contemplated hereby and to become a Lender under
the Credit Agreement, (ii) it meets all requirements of an Eligible
Assignee under the Credit Agreement, (iii) from and after the Effective
Date, it shall be bound by the provisions of the Credit Agreement and, to the
extent of the Assigned Interest, shall have the obligations of a Lender
thereunder, (iv) it has received a copy of the Credit Agreement, together
with copies of the most recent financial statements delivered pursuant to
Section 6.01 thereof, as applicable, and such other documents and
information as it has deemed appropriate to make its own credit analysis and
decision to enter into this Assignment and to purchase the Assigned Interest on
the basis of which it has made such analysis and decision, and (v) if it
is a Foreign Lender, attached hereto is any documentation required to be
delivered by it pursuant to the terms of the Credit Agreement, duly completed
and executed by the Assignee; and (b) agrees that (i) it will,
independently and without reliance on the Administrative Agent, the Assignor or
any other Lender, and based on such documents and information as it shall deem
appropriate at the time, continue to make its own credit decisions in taking or
not taking action under the Credit Documents, and (ii) it will perform in
accordance with their terms all of the obligations which by the terms of the
Credit Documents are required to be performed by it as a Lender.

1.3                                 Assignee’s Address for Notices, Etc. 
Attached hereto as Schedule I is all contact information, address,
account and other administrative information relating to the Assignee.

2.                                       Payments.  From and
after the Effective Date, the Administrative Agent shall make all payments in respect
of the Assigned Interest (including payments of principal,. interest, fees and
other amounts) to the Assignee whether such amounts have accrued prior to or on
or after the Effective Date.  The
Assignor and the Assignee shall make all appropriate adjustments

 1
 

 in payments by
the Administrative Agent for periods prior to the Effective Date or with
respect to the making of this Assignment directly between themselves.

3.                                       General Provisions. 
This Assignment shall be binding upon, and inure to the benefit of, the
parties hereto and their respective successors and assigns. This Assignment may
be executed in any number of counterparts, which together shall constitute one
instrument. Delivery of an executed counterpart of a signature page of this
Assignment by telecopy shall be effective as delivery of a manually executed
counterpart of this Assignment. This Assignment shall be governed by, and
construed in accordance with, the law of the State of California.

 2
 

SCHEDULE 1 TO ASSIGNMENT
AND ACCEPTANCE

ADMINISTRATIVE DETAILS

(Assignee to list names of credit contacts, addresses,
phone and facsimile numbers,

electronic mail addresses and account and payment information)

 

 3

SCHEDULE 1.01

MANDATORY COST RATE

The Mandatory Cost Rate is an addition to the interest rate on a Loan
to compensate a Lender for the cost attributable to such Loan resulting from
the imposition from time to time under the Bank of England Act 1998 (the “Act”)
and/or by the Bank of England and/or the Financial Services Authority (the “FSA”)
(or other United Kingdom governmental authorities or agencies) of a requirement
to place non-interest-bearing deposits or Special Deposits (whether
interest-bearing or not) with the Bank of England and/or pay fees to the FSA
calculated by reference to liabilities used to fund such a Loan.

The Mandatory Cost Rate will be the percentage rate per annum (or the
arithmetical average of the percentage rates where there is more than one
Mandatory Cost Reference Lender supplying the same) determined by the
Administrative Agent (rounded upward, if necessary, to four decimal places) as
the rate resulting from the application (as appropriate) of the following
formulae:

(a)                                  in relation to Loans or other unpaid
amounts denominated in Sterling:

	
  

  	
   

  	
  XL + S(L-D) + F x 0.01

  	
   

  	
   

  
	
   

  	
   

  	
  100 - (X+S)

  	
   

  	
   

  

 

(b)                                 in relation to Loans or other unpaid
amounts denominated in any currency other than Sterling:

	
  

  	
   

  	
  F x 0.01

  	
   

  	
   

  
	
   

  	
   

  	
  300

  	
   

  	
   

  

 

where, in each case, on
the day of application of the formula:

X                                       is the percentage of Eligible Liabilities
(in excess of any stated minimum) by reference to which such Mandatory Cost
Reference Lender is required under or pursuant to the Act to maintain cash
ratio deposits with the Bank of England;

L                                         is the rate determined in accordance with
subsection (a) of the definition of “Offshore Rate” applicable to such
Loan;

F                                         is the rate of charge payable by such
Mandatory Cost Reference Lender to the FSA pursuant to paragraphs 2.02 or 2.03
(as the case may be) of the Fees Regulations (but for this purpose the figure
at paragraph 2.02b or 2.03b (as the case may be) shall be deemed to be zero)
and expressed in pounds per £1 million of the Fee Base of such Mandatory Cost
Reference Lender;

S                                         is the level of interest-bearing Special
Deposits, expressed as a percentage of Eligible Liabilities, which such
Mandatory Cost Reference Lender is required to maintain by the Bank of England
(or other United Kingdom governmental authorities or agencies); and

 1
 

D                                       is the percentage rate per annum payable
by the Bank of England to such Mandatory Cost Reference Lender on Special
Deposits.

(X, L, S and D are to be expressed in the formula as numbers and not as
percentages. A negative result obtained from subtracting D from L shall be
counted as zero.)

The Mandatory Cost Rate for any Interest Period shall be calculated at
or about 11:00 a.m. (London time) on the first day of such Interest Period for
the duration of such Interest Period.

The determination of the Mandatory Cost Rate in relation to any
Interest Period shall, in the absence of manifest error, be conclusive and
binding on all parties hereto.

If there is any change in circumstance (including the imposition of
alternative or additional requirements, including capital adequacy
requirements) which in the reasonable opinion of the Administrative Agent
renders or will render the above formula (or any element thereof, or any
defined term used therein) inappropriate or inapplicable, the Administrative
Agent shall promptly notify the Parent and the Lenders thereof and (following
consultation with the Majority Lenders) shall be entitled to vary the same with
the prior written consent of the Parent, which shall not be unreasonably
withheld. Any such variation shall, in the absence of manifest error, be
conclusive and binding on all parties and shall apply from the date specified
in a notice from the Administrative Agent to the Parent and the Lenders.

For the purposes of this Schedule:

The terms “Eligible
Liabilities” and “Special Deposits” shall bear the meanings ascribed to them
under or pursuant to the Act or by the Bank of England (as may be appropriate),
on the day of the application of the formula.

“Fee Base” has the
meaning ascribed to it for the purposes of, and shall be calculated in
accordance with, the Fees Regulations.

“Fees Regulations” means, as appropriate, either:

(a)                                  the Banking Supervision (Fees)
Regulations 2000; or

(b)                                 such other law or regulations as from
time to time may be in force, relating to the payment of fees for banking
supervision.

 2

SCHEDULE 2.01

COMMITMENTS

AND PRO RATA SHARES

	
  Lender

  	
   

  	
  Commitment

  	
   

  	
  Pro Rata Share

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Union Bank of
  California N.A.

  	
   

  	
  $

  	
  10,000,000

  	
   

  	
  15.3846154

  	
  %

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Harris N.A.

  	
   

  	
  $

  	
  10,000,000

  	
   

  	
  15.3846154

  	
  %

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Wells Fargo Bank, N.A.

  	
   

  	
  $

  	
  8,000,000

  	
   

  	
  12.3076923

  	
  %

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  LaSalle Bank National
  Association

  	
   

  	
  $

  	
  8,000,000

  	
   

  	
  12.3076923

  	
  %

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  BNP Paribas

  	
   

  	
  $

  	
  8,000,000

  	
   

  	
  12.3076923

  	
  %

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Bank of America, N.A.

  	
   

  	
  $

  	
  6,000,000

  	
   

  	
  9.2307692

  	
  %

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  U.S. Bank National
  Association

  	
   

  	
  $

  	
  5,000,000

  	
   

  	
  7.6923077

  	
  %

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  City National Bank

  	
   

  	
  $

  	
  5,000,000

  	
   

  	
  7.6923077

  	
  %

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  The Northern Trust
  Company

  	
   

  	
  $

  	
  5,000,000

  	
   

  	
  7.6923077

  	
  %

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Total

  	
   

  	
  $

  	
  65,000,000

  	
   

  	
  100.0000000000

  	
  %

  

 

 1

SCHEDULE 2.02

OFFSHORE CURRENCIES

	
   

  	
  Australian Dollars

  
	
   

  	
  English Pounds Sterling

  
	
   

  	
  Hong Kong Dollars

  
	
   

  	
  New Zealand Dollars

  

 

 1

SCHEDULE 8.01

EXISTING
LIENS

	
  Debtor

  	
   

  	
  Secured Party

  	
   

  	
  Comments

  
	
  KHN, a Joint Venture

  	
   

  	
  New England Mutual Life Insurance Co.

  	
   

  	
  Loan on Holmes & Narver Building in Orange,
  California. See Schedule 8.02, item (D)

  

 

 1

  SCHEDULE 8.02
  EXISTING INDEBTEDNESS
  (See attachment)

 1

SCHEDULE 11.02

LENDING OFFICES AND ADDRESSES FOR NOTICES

ADMINISTRATIVE BORROWER

	
  Faber Maunsell Limited

  	
   

  	
   

  	
   

  	
   

  
	
  c/o AECOM Technology Corporation

  	
   

  	
   

  	
   

  	
   

  
	
  555 South Flower Street, Suite 3700

  	
   

  	
   

  	
   

  	
   

  
	
  Los Angeles, California 90071-2300

  	
   

  	
   

  	
   

  	
   

  
	
  Attention:

  	
  Vice President, Corporate Development

  	
   

  	
   

  
	
   

  	
  with a copy to the Corporate Counsel

  	
   

  	
   

  
	
   

  	
  Telephone:

  	
  (213) 593-8718

  	
   

  	
   

  
	
   

  	
  Facsimile:

  	
  (213) 593-8730

  	
   

  	
   

  
	
   

  	
  Electronic Mail: kim.gant@aecom.com

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  With an additional copy to:

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  AECOM Technology Corporation

  	
   

  	
   

  	
   

  	
   

  
	
  555 South Flower Street, Suite 3700

  	
   

  	
   

  	
   

  	
   

  
	
  Los Angeles, California 90071-2300

  	
   

  	
   

  	
   

  	
   

  
	
  Attention:

  	
  Eric Chen

  	
   

  	
   

  
	
   

  	
  Telephone:

  	
  (213) 593-8719

  	
   

  	
   

  
	
   

  	
  Facsimile:

  	
  (213) 593-8727

  	
   

  	
   

  
	
   

  	
  Electronic Mail: eric.chen@aecom.com

  	
   

  	
   

  
							

 

 1
 

UNION BANK OF CALIFORNIA, N.A.

Administrative Agent’s Office and Union Bank of
California’s Lending Office

(for payments
and Requests for Extensions of Credit):

	
  Credit Contact:

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  Union Bank of California, N.A.

  	
   

  	
   

  
	
   

  	
  445 South Figueroa Street, 15th Floor

  	
   

  	
   

  
	
   

  	
  Los Angeles, California  90071

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  Attn:

  	
  David J. Stassel, Vice President

  	
   

  	
   

  
	
   

  	
  Phone:

  	
  (213) 236-7768

  	
   

  	
   

  
	
   

  	
  Fax:

  	
  (213) 236-7635

  	
   

  	
   

  
	
   

  	
  E-mail:

  	
  david.stassel@uboc.com

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Operations Contact:

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  Union Bank of California, N.A.

  	
   

  	
   

  
	
   

  	
  Commercial Loan Documentation Center

  	
   

  	
   

  
	
   

  	
  Mail Code 4-957-161

  	
   

  	
   

  
	
   

  	
  601 Potrero Grande Drive, 1st Floor

  	
   

  	
   

  
	
   

  	
  Monterey Park, California  91754

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  Attn:

  	
  Manuel Poniente

  	
   

  	
   

  
	
   

  	
  Phone:

  	
  (323) 720-2583

  	
   

  	
   

  
	
   

  	
  Fax:

  	
  (323) 720-2780

  	
   

  	
   

  
	
   

  	
  E-mail:

  	
  manuel.poniente@uboc.com

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  Address for wire transfers:

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  Bank:

  	
  Union Bank of California, N.A.

  	
   

  	
   

  
	
   

  	
  Address:

  	
  Monterey Park

  	
   

  	
   

  
	
   

  	
  ABA Routing #

  	
  122000496

  	
   

  	
   

  
	
   

  	
  Account Name:

  	
  Wire Transfer Clearing CLO

  	
   

  	
   

  
	
   

  	
  Attn:

  	
  Commercial Loan Operations

  	
   

  	
   

  
	
   

  	
  Reference:

  	
  AECOM Technology Corporation

  	
   

  	
   

  
							

 

 2
 

HARRIS N.A.

	
  Address for all communications (except wire
  transfers):

  
	
   

  
	
   

  	
  Harris N.A.

  	
   

  	
   

  
	
   

  	
  111 West Monroe Street

  	
   

  	
   

  
	
   

  	
  Chicago, Illinois 60603

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  Credit Contact:

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  Attn:

  	
  John A. Armstrong, Vice President or Isabella
  Battista, Vice President

  
	
   

  	
  Phone:

  	
  Armstrong (312) 461-2963; Battista (312) 293-8358

  
	
   

  	
  Fax:

  	
  Armstrong (312) 293-5068; Battista (312) 293-5852

  
	
   

  	
  E-mail:

  	
  john.armstrong@bmo.com; isabella.battista@bmo.com;

  
	
   

  	
   

  	
   

  
	
  Operations Contact:

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  Attn:

  	
  Anita Blake

  
	
   

  	
  Phone:

  	
  (312) 461-3454

  
	
   

  	
  Fax:

  	
  (312) 293-5884

  
	
   

  	
  E-mail:

  	
  anita.blake@bmo.com

  
	
   

  	
   

  	
   

  
	
  Address for wire transfers:

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  Bank:

  	
  Harris N.A.

  
	
   

  	
  Address:

  	
  Chicago, Illinois

  
	
   

  	
  ABA Routing #

  	
  071 000 288

  
	
   

  	
  Account #:

  	
  183-320-1

  
	
   

  	
  Reference:

  	
  AECOM Technology Corporation

  
							

 

 3
 

WELLS FARGO BANK, N.A.

Credit Contact:

Wells Fargo Bank, N.A.

MAC E2064-12B

333 South Grand Avenue, 12th Floor

Los Angeles,
California  90071

Attn:                                                    Vanessa
Sheh Meyer, Senior Vice President, or Ling Li, Vice President

Phone:                                           Meyer
(213) 253-7318; Li (213) 253-7320

Fax:                                                           Meyer
(213) 253-7302, Li (213) 253-7302

E-mail:                                             meyerv@wellsfargo.com;
lilingf@wellsfargo.com

Operations Contact:

Wells Fargo Bank, N.A.

MAC A0187-080

201 Third Street, 8th Floor

San Francisco,
California  94103

Attn:                                                    Judy
Chan, Vice President and Manager

Phone:                                           (415)
477-5433

Fax:                                                           (415)
979-0675

E-mail:                                             chan@wellsfargo.com

 4
 

Address for wire transfers:

	
   

  	
  Bank:

  	
  Wells Fargo Bank, N.A.

  
	
   

  	
  Address:

  	
  San Francisco, California

  
	
   

  	
  ABA Routing #

  	
  121-000-248

  
	
   

  	
  Account #:

  	
  271-2507201

  
	
   

  	
  Account Name:

  	
  MEMSYN

  
	
   

  	
  Reference:

  	
  AECOM Technology Corp. Obligor # to be determined.

  

 

 5
 

U.S. BANK
NATIONAL ASSOCIATION

Credit Contact:

	
  

  	
  U.S. Bank National Association

  	
   

  	
   

  
	
   

  	
  National Corporate Banking West

  	
   

  	
   

  
	
   

  	
  Mail Code: PD-OR-P4CB

  	
   

  	
   

  
	
   

  	
  555 SW Oak Street, 4th Floor

  	
   

  	
   

  
	
   

  	
  Portland, Oregon 97204

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  Attn:

  	
  Janet E. Jordan, Vice President or Conan Schleicher

  
	
   

  	
  Phone:

  	
  Jordan (503) 275-5871; Schleicher (503) 275-5101

  
	
   

  	
  Fax:

  	
  (503) 275-5428

  
	
   

  	
  E-mail:

  	
  janet.jordan@usbank.com; conon.schleicher@usbank.com

  
					

 

Operations Contact:

	
   

  	
  U.S. Bank National Association

  	
   

  	
   

  
	
   

  	
  Commercial Loan Servicing Department

  	
   

  	
   

  
	
   

  	
  Mail Code: PD-OR-P7LN

  	
   

  	
   

  
	
   

  	
  555 SW Oak Street

  	
   

  	
   

  
	
   

  	
  Portland, Oregon 97204

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  Attn:

  	
  Lennie Regalado or Hanny Nawawi

  
	
   

  	
  Phone:

  	
  Regalado (503) 275-4395; Nawawi (503) 275-7894

  
	
   

  	
  Fax:

  	
  (503) 275-4600

  
	
   

  	
  E-mail:

  	
  lennie.regalado@usbank.com; hanny.nawawi@usbank.com

  
					

 

 6
 

Address for wire transfers:

	
   

  	
  Bank:

  	
  U.S. Bank National Association

  
	
   

  	
  Address:

  	
  Portland, Oregon

  
	
   

  	
  ABA Routing #

  	
  123-000-220

  
	
   

  	
  Account #:

  	
  00340012160600

  
	
   

  	
  Account Name:

  	
  Commercial Loan Servicing West

  
	
   

  	
  Attn:

  	
  Lennie Regalado

  
	
   

  	
  Reference:

  	
  AECOM

  

 

 7
 

LASALLE BANK NATIONAL ASSOCIATION

	
  Address for all communications (except wire
  transfers):

  
	
   

  	
   

  	
   

  
	
   

  	
  LaSalle Bank National Association

  	
   

  	
   

  
	
   

  	
  135 S. LaSalle Street

  	
   

  	
   

  
	
   

  	
  Chicago, Illinois 60603

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  Credit Contact:

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  Attn:

  	
  Steve Trepiccione or John M. O’Connell

  
	
   

  	
  Phone:

  	
  Trepiccione (312) 904-7824; O’Connell (312) 904-9214

  
	
   

  	
  Fax:

  	
  (312) 904-6021

  
	
   

  	
  E-mail:

  	
  steve.trepiccione@abnamro.com;
  john.m.o’connell@abnamro.com

  
	
   

  	
   

  	
   

  	
   

  
	
  Operations Contact:

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  Attn:

  	
  Joyce Fitzgibbons or Jeannette Lahart

  
	
   

  	
  Phone:

  	
  Fitzgibbons (312) 992-1631; Lahart (312) 904-0598

  
	
   

  	
  Fax:

  	
  (312) 904-6373

  
	
   

  	
  E-mail:

  	
  joyce.fitzgibbons@abnamro.com;
  jeannette.lahart@abnamro.com

  
					

 

 8
 

 

	
  Address for wire transfers:

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  Bank:

  	
  LaSalle Bank National Association

  
	
   

  	
  Address:

  	
  Chicago, Illinois

  
	
   

  	
  ABA Routing #

  	
  122 000 496

  
	
   

  	
  Account #:

  	
  1378018 7300

  
	
   

  	
  Attn:

  	
  Joyce Fitzgibbons

  
	
   

  	
  Reference:

  	
  Maunsell HK Holdings Ltd., Faber Maunsell Limited,
  WE Bassett 

  
	
   

  	
   

  	
  and Partners Pty Ltd., Maunsell Group Limited,
  Maunsell 

  
	
   

  	
   

  	
  Australia Pty Ltd.

  
					

 

 9
 

CITY NATIONAL BANK

	
  Credit Contact:

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  City National Bank

  	
   

  	
   

  
	
   

  	
  555 South Flower Street, 16th Floor

  	
   

  	
   

  
	
   

  	
  Los Angeles, California 90071

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  Attn:

  	
  Brandon Feitelson

  
	
   

  	
  Phone:

  	
  (213) 673-9016

  
	
   

  	
  Fax:

  	
  (213) 673-9801

  
	
   

  	
  E-mail:

  	
  brandon.feitelson@cnb.com

  
	
   

  	
   

  	
   

  	
   

  
	
  Operations Contact:

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  City National Bank

  	
   

  	
   

  
	
   

  	
  831 S. Douglas Street

  	
   

  	
   

  
	
   

  	
  Suite 100

  	
   

  	
   

  
	
   

  	
  El Segundo, California 90245

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  Attn:

  	
  Jennifer Dator-Danas

  
	
   

  	
  Phone:

  	
  (310) 297-8078

  
	
   

  	
  Fax:

  	
  (310) 297-8062

  
					

 

 10
 

 

	
   Address
  for wire transfers:

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  Bank:

  	
  City National Bank

  
	
   

  	
  ABA Routing #

  	
  122-016-066

  
	
   

  	
  Account #:

  	
  101-306674

  
	
   

  	
  Reference:

  	
  AECOM Technology Corp.

  
					

 

 11
 

BNP PARIBAS

	
  Credit Contact:

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  BNP Paribas

  	
   

  	
   

  
	
   

  	
  One Front Street, 23rd Floor

  	
   

  	
   

  
	
   

  	
  San Francisco, California 94111

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  Attn:

  	
  Jamie Dillon

  
	
   

  	
  Phone:

  	
  (415) 772-1366

  
	
   

  	
  Fax:

  	
  (415) 291-0563

  
	
   

  	
  E-mail:

  	
  jamie.dillon@americas.bnpparibas.com

  
	
   

  	
   

  	
   

  	
   

  
	
  Operations Contact (with a copy to Credit Contact):

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  BNP Paribas

  	
   

  	
   

  
	
   

  	
  919 Third Avenue, 3rd Floor

  	
   

  	
   

  
	
   

  	
  New York, New York 10022

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  Attn:

  	
  Thomas Kunz

  
	
   

  	
  Phone:

  	
  (212) 471-6655

  
	
   

  	
  Fax:

  	
  (212) 841-2682

  
	
   

  	
  E-mail:

  	
  thomas.kunz@americas.bnpparibas.com

  
					

 

 12
 

 

	
  Address for wire transfers:

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  Bank:

  	
  BNP Paribas New York

  
	
   

  	
  ABA Routing #

  	
  026007689 (CHIPS: 768)

  
	
   

  	
  F/O

  	
  BNP Paribas San Francisco

  
	
   

  	
  Account #:

  	
  521 315 434 01

  
	
   

  	
  Attn:

  	
  San Francisco Loan Operations

  
	
   

  	
  Reference:

  	
  AECOM Technology Corporation

  
					

 

 13
 

BANK OF AMERICA, N.A.

	
  Credit Contact:

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  Bank of America, N.A.

  	
   

  	
   

  
	
   

  	
  Mail Code: CA9-194-24-05

  	
   

  	
   

  
	
   

  	
  333 South Hope Street, 24th Floor

  	
   

  	
   

  
	
   

  	
  Los Angeles, CA   90071

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  Attn:

  	
  Robert W. (Bob) Troutman or G. Scott Lambert

  
	
   

  	
  Phone:

  	
  Troutman (213) 621-8765; Lambert (213) 621-8766

  
	
   

  	
  Fax:

  	
  (213) 621-8793

  
	
   

  	
  E-Mail:

  	
  bob.troutman@bankofamerica.com; 

  
	
   

  	
   

  	
  scott.lambert@bankofamerica.com

  
	
   

  	
   

  	
   

  
	
  Operations Contact:

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  Bank of America, N.A.

  	
   

  	
   

  
	
   

  	
  CA4-702-02-05, Bldg. B

  	
   

  	
   

  
	
   

  	
  2001 Clayton Road

  	
   

  	
   

  
	
   

  	
  Concord, CA   94520-2405

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  Attn:

  	
  Christina F. (Tina) Obcena

  
	
   

  	
  Phone:

  	
  (925) 675-8788

  
	
   

  	
  Fax:

  	
  (888) 969-9246

  
	
   

  	
  E-Mail:

  	
  tina.obcena@bankofamerica.com

  
	
   

  	
   

  	
   

  	
   

  
	
  Address for wire transfers:

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  Bank:

  	
  Bank of America

  
	
   

  	
  ABA #:

  	
  026009593

  
	
   

  	
  Acct. Name/Dept.

  	
  Credit Services West

  
	
   

  	
  Account #:

  	
  3750836479

  
	
   

  	
  Reference:

  	
  AECOM Technology

  
	
   

  	
  Attn:

  	
  Tina Obcena

  
					

 

 14
 

THE NORTHERN TRUST
COMPANY

	
  Credit Contact:

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  The Northern Trust Company

  	
   

  	
   

  
	
   

  	
  50 S. La Salle Street

  	
   

  	
   

  
	
   

  	
  Chicago, IL   60675

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  Attn:

  	
  John Bunda

  
	
   

  	
  Phone:

  	
  (312) 557-3455

  
	
   

  	
  Fax:

  	
  (312) 444-7028

  
	
   

  	
  E-Mail:

  	
  JEB4@NTRS.com

  
	
   

  	
   

  	
   

  
	
  Operations Contact:

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  The Northern Trust Company

  	
   

  	
   

  
	
   

  	
  801 South Canal

  	
   

  	
   

  
	
   

  	
  Chicago, IL   60675

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  Attn:

  	
  Mike Lorenzi

  
	
   

  	
  Phone:

  	
  (312) 557-1840

  
	
   

  	
  Fax:

  	
  (312) 630-1566

  
	
   

  	
  E-Mail:

  	
  ML29@NTRS.com

  
	
   

  	
   

  	
   

  	
   

  
	
  Address for wire transfers:

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  Bank:

  	
  The Northern Trust Bank

  
	
   

  	
   

  	
  Chicago, Illinois

  
	
   

  	
  ABA:

  	
  071-000-152

  
	
   

  	
  Account No.:

  	
  5186401000

  
	
   

  	
  Account Name/Dept.:

  	
  Commercial Loans

  
	
   

  	
  Reference:

  	
  Maunsell

  
					

 

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