Document:

Exhibit 10.2

Exhibit 10.2

AMENDED AND RESTATED

CHANGE-IN-CONTROL SEVERANCE AGREEMENT

THIS AMENDED AND RESTATED CHANGE-IN-CONTROL SEVERANCE AGREEMENT (the “Agreement”) is made as
of March 22, 2011, by and between VENTAS, INC., a Delaware corporation, (the “Company”) and T.
RICHARD RINEY (the “Employee”).

RECITALS:

A. The Employee is employed by the Company and entered into a Change-in-Control Severance
Agreement as of May 1, 1998 which was subsequently amended as of September 30, 1999, March 19,
2007, and December 31, 2008 (“Existing Agreement”).

B. The Company recognizes that the Employee’s contribution to the Company’s growth and success
has been and continues to be significant.

C. The Company wishes to encourage the Employee to remain with and devote full time and
attention to the business affairs of the Company and wishes to provide income protection to the
Employee for a period of time in the event of a Change in Control.

D. The Company and Employee desire to amend and restate in its entirety the Existing Agreement
to delete the ability for Employee to receive severance benefits if Employee voluntarily terminates
employment for any reason other than for Good Reason (as hereinafter defined).

NOW, THEREFORE, in consideration of the mutual covenants contained herein and other good and
valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties
hereto agree as follows:

AGREEMENT:

1. Definitions.

a. “Base Salary” shall mean the Employee’s regular annual rate of base pay in gross as of the
date in question.

b. “Cause” shall mean the Employee’s (i) conviction of or plea of nolo contendere to a crime
involving moral turpitude; or (ii) willful and material breach by Employee of his duties and
responsibilities, which is committed in bad faith or without reasonable belief that such breaching
conduct is in the best interests of the Company, but with respect to (ii) only if the Board of
Directors of the Company (the “Board”) adopts a resolution by a vote of at least 75% of its members
so finding after giving the Employee and his attorney an opportunity to be heard by the Board.

 

 

 

c. “Change in Control” The term “Change in Control” shall mean any one of the following
events:

(i) An acquisition (other than directly from the Company) of any voting securities of the
Company (the “Voting Securities”) by any “Person” (as defined in Paragraph l(f) hereof) immediately
after which such Person has “Beneficial Ownership” (within the meaning of Rule 13d-3 under the 1934
Act) of 20% or more of the combined voting power of Company’s then outstanding Voting Securities;
provided, however, that in determining whether a Change in Control has occurred, Voting Securities
which are acquired in an acquisition by (i) the Company or any of its subsidiaries, (ii) an
employee benefit plan (or a trust forming a part thereof) maintained by the Company or any of its
subsidiaries or (iii) any Person in connection with an acquisition referred to in the immediately
preceding clauses (i) and (ii) shall not constitute an acquisition which would cause a Change in
Control.

(ii) The individuals who, as of May 1,1998, constituted the Board of Directors of the Company
(the “Incumbent Board”) cease for any reason to constitute over 50% of the Board; provided,
however, that if the election, or nomination for election by the Company’s stockholders, of any new
director was approved by a vote of over 50% of the Incumbent Board, such new director shall, for
purposes of this Section l(c)(ii), be considered as though such person were a member of the
Incumbent Board; provided, further, however, that no individual shall be considered a member of the
Incumbent Board if such individual initially assumed office as a result of either an actual or
threatened “Election Contest” (as described in Rule 14a-ll promulgated under the 1934 Act) or other
actual or threatened solicitation of proxies or consents by or on behalf of a Person other than the
Board of Directors of the Company (a “Proxy Contest”), including by reason of any agreement
intended to avoid or settle any Election Contest or Proxy Contest.

(iii) Consummation of a merger, consolidation or reorganization involving the Company, unless
each of the following events occurs in connection with such merger, consolidation or
reorganization:

(A) the stockholders of the Company, immediately before such merger, consolidation or
reorganization, own, directly or indirectly immediately following such merger, consolidation or
reorganization, over 50% of the combined voting power of all voting securities of the corporation
resulting from such merger or consolidation or reorganization (the “Surviving Company”) over which
any Person has Beneficial Ownership in substantially the same proportion as their ownership of the
Voting Securities immediately before such merger, consolidation or reorganization;

(B) the individuals who were members of the Incumbent Board immediately prior to the execution
of the agreement providing for such merger, consolidation or reorganization constitute over 50% of
the members of the board of directors of the Surviving Company; and

(C) no Person (other than the Company, any of its subsidiaries, any employee benefit plan (or
any trust forming a part thereof) maintained by the Company, the Surviving Company or any Person
who, immediately prior to such merger, consolidation or reorganization had Beneficial Ownership of
20% or more of the then outstanding Voting Securities) has Beneficial Ownership of 20% or more of
the combined voting power of the Surviving Company’s then outstanding voting securities.

 

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(iv) Approval by the Company’s stockholders of a complete liquidation or dissolution of the
Company.

(v) Approval by Company’s stockholders of an agreement for the sale or other disposition of
all or substantially all of the assets of the Company to any Person (other than a transfer to a
subsidiary of the Company).

(vi) Any other event that the Board shall determine constitutes an effective Change in Control
of Company.

(vii) Notwithstanding the foregoing, a Change in Control shall not be deemed to occur solely
because any Person (the “Subject Person”) acquired Beneficial Ownership of more than the permitted
amount of the outstanding Voting Securities as a result of the acquisition of Voting Securities by
the Company which, by reducing the number of Voting Securities outstanding, increases the
proportional number of shares Beneficially Owned by the Subject Person; provided that if a Change
in Control would occur (but for the operation of this sentence) as a result of the acquisition of
Voting Securities by the Company, and after such share acquisition by the Company, the Subject
Person becomes the Beneficial Owner of any additional Voting Securities which increases the
percentage of the then outstanding Voting Securities Beneficially Owned by the Subject Person, then
a Change in Control shall occur.

d. “Change-in-Control Date” shall mean the date immediately prior to the effectiveness of the
Change in Control.

e. “Good Reason” The Employee shall have good reason to terminate employment with the Company
if (i) the Employee’s title, duties, responsibilities or authority is reduced or diminished from
those in effect on the Change-in-Control Date without the Employee’s written consent; (ii) the
Employee’s compensation is reduced; (iii) the Employee’s benefits are reduced, other than pursuant
to a uniform reduction applicable to all managers of the Company; or (iv) the Employee is asked to
relocate his office to a place more than 30 miles from his business office on the Change-in-Control
Date.

f. “Person” shall have the meaning ascribed to such term in Section 3(a)(9) of the Securities
Exchange Act of 1934 and used in Sections 13(d) and 14(d) thereof, including a “group” as defined
in Section 13(d).

g. “Target Bonus” shall mean the full amount of bonuses and/or performance compensation
(including assumed awards granted under the Company’s 1997 Incentive Compensation Plan) that would
be payable to the Employee, assuming all performance criteria on which such bonus and/or
performance compensation are based were deemed to be satisfied, in respect of services for the
calendar year in which the date in question occurs.

h. “Termination of Employment” shall mean (i) the termination of the Employee’s employment by
the Company other than such a termination in connection with an offer of immediate reemployment by
a successor or assign of the Company or a purchaser of the Company or its assets under terms and
conditions which would not permit the Employee to terminate his employment for Good Reason; or (ii)
the Employee’s termination of employment with the Company for Good Reason. To the extent necessary
to have payments and benefits
under this Agreement be exempt from the requirements of Section 409A of the Internal Revenue
Code of 1986, as amended (“Code Section 409A”) or comply with the requirements of Code Section
409A, the Company and Employee agree to cooperate in a reasonable manner (including with regard to
any post-termination services by the Employee) such that the Termination of Employment as defined
in this Agreement shall constitute a “separation from service” pursuant to Code Section 409A
(“Separation from Service”). Notwithstanding anything contained in this Agreement to the contrary,
the date on which a Separation from Service occurs shall be the “Termination of Employment” or
variation of termination of employment for purposes of determining the timing of payments under
this Agreement to the extent necessary to have such payments and benefits under this Agreement be
exempt from the requirements of Section 409A of the Code or comply with the requirements of Code
Section 409A.

 

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2. Term. The initial term of the Existing Agreement was for a three-year period commencing on
May 1, 1998 (the “Effective Date”). The Term is automatically extended by one additional day for
each day beyond the Effective Date that the Employee remains employed by the Company until such
time as the Company elects to cease such extension by giving written notice of such election to the
Employee. In such event, the Agreement shall terminate on the third anniversary of the effective
date of such election notice. Notwithstanding the foregoing, this Agreement shall automatically
terminate if and when the Employee terminates his employment with the Company or two years after
the Change-in-Control Date, whichever first occurs.

3. Severance Benefits. If at any time following a Change in Control and continuing for two
years thereafter, the Company terminates the Employee without Cause, or the Employee terminates
employment with the Company for Good Reason, then as compensation for services previously rendered
the Employee shall be entitled to the following benefits:

a. Cash Payment. The Employee shall be paid cash equal to two times the greater of:

(i) the sum of (x) the Employee’s Base Salary and Target Bonus as of the Termination of
Employment, and (y) the fair market value (determined as of the Termination of Employment) of any
targeted number of restricted shares authorized to be issued to the Employee in respect of the year
in which such Termination of Employment occurs (without regard to any acceleration of the award for
such year), assuming for such purpose that all performance criteria applicable to such award with
respect to the year in which such Termination of Employment occurs were deemed to be satisfied, or

(ii) the sum of (x) the Employee’s Base Salary and Target Bonus as of the Change-in-Control
Date, and (y) the fair market value (determined as of the Change-in-Control Date) of any targeted
number of restricted shares authorized to be issued to the Employee in respect of the year in which
such Change-in-Control Date occurs (without regard to any acceleration of the award for such year),
assuming for such purpose that all performance criteria applicable to such award with respect to
the year in which such Change-in-Control Date occurs were deemed to be satisfied.

 

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Notwithstanding the foregoing, in no event shall the Employee receive more than the Maximum
Amount pursuant to this Section 3(a). The term Maximum Amount, for purposes of this Agreement,
shall mean $3,000,000, provided, however, that for any termination that occurs in calendar years
subsequent to 2007, the Maximum Amount will be adjusted to reflect increases, if any, in the
Consumer Price Index that have occurred in the period between December 31, 2006 and the end of the
calendar year immediately preceding the date of termination. As an example, if the termination
occurs in 2008, the Maximum Amount shall be adjusted for increases in the Consumer Price Index that
occur between December 31, 2006-December 31, 2007 and if the termination occurs in 2009, the
Maximum Amount shall be adjusted for increases in the Consumer Price Index that occur between
December 31, 2006-December 31, 2008. For purposes of this Agreement, Consumer Price Index means
the CPI for All Urban Consumers (All Items; Base Year 1982), compiled and published by the Bureau
of Labor Statistics of the United States Department of Labor

For purposes of this Agreement, “fair market value” shall have the meaning ascribed to such
term under the Company’s Incentive Compensation Plan. Payment shall be made in a single lump sum
upon the Employee’s effective date of termination.

b. Continuation of Benefits.

(i) For a period of two years following the Termination of Employment, the Company, at its
sole cost and expense, shall provide health insurance benefits to Employee (and his family)
equivalent to the coverage that the Employee would have had had he remained a participant under the
health insurance plans applicable to Employee on the date of Termination of Employment, or, at the
Employee’s election, the plans applicable to Employee as of the Change-in-Control Date. Such
health insurance benefits shall not have any waiting period for coverage and shall provide coverage
for any pre-existing condition. Following this continuation period, the Employee shall be entitled
to receive continuation coverage under Part 6 of Title I of ERISA (“COBRA Benefits”) treating the
end of this period as a termination of the Employee’s employment if allowed by law.

(ii) For a period of two years following the Termination of Employment, the Company shall
maintain in force, at its expense, the Employee’s life insurance benefits in effect as of the
Change-in-Control Date or as of the date of Termination of Employment, whichever coverage limits
are greater.

(iii) For a period of two years following the Employee’s Termination of Employment, the
Company shall provide short-term and long-term disability insurance benefits to Employee equivalent
to the coverage that the Employee would have had had he remained employed or a participant under
the disability insurance plans applicable to Employee on the date of Termination of Employment, or,
at the Employee’s election, the plans applicable to Employee as of the Change-in-Control Date.
Should Employee become disabled during such period, Employee shall be entitled to receive such
benefits, and for such duration, as the applicable plan provides.

 

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c. Retirement Savings Plan. To the extent not already vested pursuant to the terms of such
plan, the Employee’s interests under the Retirement Savings Plan shall be
automatically fully (i.e., 100%) vested, without regard to otherwise applicable percentages
for the vesting of employer-matching contributions based upon the Employee’s years of service with
the Company.

d. Outstanding PCP Awards. The Company shall pay Employee within 30 days of the date of
termination of employment (but not earlier than the date on which the Release becomes irrevocable)
a lump sum payment equal to the amount of awards under the Company’s Performance Cash Plan (“PCP”)
that are based on actual performance for completed fiscal years but have not yet been paid. As an
example, assume that Employee, following the 2006 fiscal year, was awarded a PCP award of $100 that
would, assuming continuous employment, have been paid out following the end of the 2008 fiscal year
(the “Outstanding PCP Award”). Upon a termination subject to this Section 3 that occurs prior to
the payment of such Outstanding PCP Award, the Company would be obligated, pursuant to this Section
3(d), to pay Employee $100 in respect of such Outstanding PCP Award.

e. Plan Amendments. The Company shall adopt such employee benefit plans or amendments to its
employee benefit plans, as applicable, as are necessary to effectuate the provisions of this
Agreement.

4. Golden Parachute Tax Reimbursement. Whether or not any payments are made pursuant to
Section 3 above, if a Change in Control occurs at any time and the Employee reasonably determines
that any payment or distribution by the Company or any of its affiliates to or for the benefit of
the Employee, whether paid or payable or distributed or distributable pursuant to the terms of this
Agreement or otherwise pursuant to or by reason of any other agreement, policy, plan, program or
arrangement, including without limitation any restricted stock, stock option, stock appreciation
right or similar right, or the lapse or termination of any restriction on or the vesting or
exercisability of any of the foregoing (individually and collectively, the “Payment”), would be
subject to the excise tax imposed by Section 4999 of the Internal Revenue Code of 1986, as amended
(the “Code”) (or any successor provision thereto) by reason of being considered “contingent on a
change in ownership or control,” within the meaning of Section 280G of the Code (or any successor
provision thereto), or any interest or penalties with respect to such excise tax (such excise tax,
together with any such interest and penalties, being hereinafter collectively referred to as the
“Excise Tax”), then the Company shall pay to the Employee an additional payment or payments
(individually and collectively, the “Gross-Up Payment”). The Gross-Up Payment shall be in an
amount such that, after payment by the Employee of all taxes required to be paid by the Employee
with respect to the receipt thereof under the terms of any federal, state or local government or
taxing authority (including any interest or penalties imposed with respect to such taxes),
including any Excise Tax imposed with respect to the Gross-Up Payment, the Employee retains an
amount of the Gross-Up Payment equal to the Excise Tax imposed upon the Payment.

The Gross-Up Payment shall be paid to the Employee within 30 days of its receipt of written
notice from the Employee that such Excise Tax has been paid or will be payable at any time in the
future.

 

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4A. Tax Payment. For purposes of determining the amount of payments pursuant to Sections 4
and 8 in this Agreement, the Employee shall be deemed to pay federal income taxes at
the highest marginal rate of federal income taxation in the calendar year in which the payment
is to be made and state and local income taxes at the highest marginal rates of taxation in the
state and locality of the Employee’s residence or the Employee’s place of business, whichever is
higher, on the date the payment is to be made. Without limitation on any other provision of this
Agreement, all such payments involving the calculation of taxes shall be made no later than two (2)
days after the receipt by the Company of written advice from a professional tax advisor selected by
the Employee that taxes are payable. The expense incurred in obtaining such advice shall be paid
by the Company. Without limitation on any other provisions of this Agreement, the Company shall
indemnify Employee for all taxes with respect to the amounts for which payments described in the
first sentence of this Section are required to be made pursuant to this Agreement and all other
costs including interest and penalties with respect to the payment of such taxes. To the extent
any of the payments pursuant to this Section are treated as taxable to the Employee, the Company
shall pay Employee an additional amount such that the net amount retained by the Employee after
deduction or payment of all federal, state, local and other taxes with respect to amounts pursuant
to this Section shall be equal to the full amount of the payments required by this Section.

5. No Mitigation Required or Setoff Permitted. In no event shall Employee be obligated to
seek other employment or take other action by way of mitigation of the amounts payable to Employee
under the terms of this Agreement, and all such amounts shall not be reduced whether or not
Employee obtains other employment. Further, the Company’s obligations to make any payments
hereunder shall not be subject to or affected by any setoff, counterclaims or defenses which the
Company may have against Employee or others.

6. Waiver of Other Severance Benefits. The benefits payable pursuant to this Agreement are in
lieu of any other severance benefits which may otherwise be payable by the Company or its
affiliates to the Employee upon termination of employment pursuant to a severance program of the
Company or its affiliates (including, without limitation, any benefits to which Employee might
otherwise be entitled under any other severance or change-in-control or similar agreement
previously entered into between Employee and the Company or any of its affiliates).

7. Employment at Will. Notwithstanding anything to the contrary contained herein, the
Employee’s employment with the Company is not for any specified term and may be terminated by the
Employee or by the Company at any time, for any reason, with or without cause, without any
liability, except with respect to the payments provided hereunder or as required by law or any
other contract or employee benefit plan.

8. Disputes. Any dispute or controversy arising under, out of, or in connection with this
Agreement shall, at the election and upon written demand of either party, be finally determined and
settled by binding arbitration in the City of Louisville, Kentucky, in accordance with the Labor
Arbitration rules and procedures of the American Arbitration Association, and judgment upon the
award may be entered in any court having jurisdiction thereof. The Company shall pay all costs of
the arbitration and all attorneys’ and accountants’ fees of the Employee in connection therewith,
including any litigation to enforce any arbitration award. To the extent any of the payments
within this Section are treated as taxable to the Employee, the Company shall pay Employee an
additional amount such that the net amount retained by Employee after
deduction or payment of all federal, state, local and other taxes with respect to amounts
under this Section shall be equal to the full amount of the payments required by this Section.

 

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9. Successors; Binding Agreement. This Agreement shall not be terminated by the voluntary or
involuntary dissolution of the Company or by any merger or consolidation where the Company is not
the surviving corporation, or upon any transfer of all or substantially all of the Company’s stock
or assets. In the event of such merger, consolidation or transfer, the provisions of this
Agreement shall be binding upon and shall inure to the benefit of the surviving corporation or
corporation to which such stock or assets of the Company shall be transferred.

10. Notices. Any notice or other communication hereunder shall be in writing and shall be
effective upon receipt (or refusal of receipt) if delivered personally, or sent by overnight
courier if signature for the receiving party is obtained, or sent by certified or registered mail,
postage prepaid, to the other party at the address set forth below:

	 	 	 
	If to the Company:

	 	Ventas, Inc.
	 

	 	111 S. Wacker Drive, Suite 4800
	 

	 	Chicago, Illinois 60606
	 

	 	Attention: Chief Executive Officer
	 
	 	 
	If to Employee:

	 	T. Richard Riney
	 

	 	11210 Bodley Drive
	 

	 	Louisville, KY 40223

Either party may change its specified address by giving notice in writing to the other.

11. Indemnification. The Company shall indemnify, defend and hold the Employee harmless from
and against any liability, damages, costs and expenses (including attorneys’ fees) in connection
with any claim, cause of action, investigation, litigation or proceeding involving him by reason of
his having been an officer, director, employee or agent of the Company, except to the extent it is
judicially determined that the Employee was guilty of gross negligence or willful misconduct in
connection with the matter giving rise to the claim for indemnification. This indemnification
shall be in addition to and shall not be substituted for any other indemnification or similar
agreement or arrangement which may be in effect between the Employee and the Company or may
otherwise exist. The Company also agrees to maintain adequate directors’ and officers’ liability
insurance, if applicable, for the benefit of Employee for the term of this Agreement and for five
years thereafter.

12. ERISA. Many or all of the employee benefits addressed in Paragraph 3(b) and (c) exist
under plans which constitute employee welfare benefit plans (“Welfare Plans”) within the meaning of
Section 3(1) of the Employee Retirement Income Security Act of 1974, as amended (“ERISA”). Any
payments pursuant to this Agreement which could cause any of such Plans not to constitute a Welfare
Plan shall be deemed instead to be made pursuant to a separate “employee pension benefit plan”
within the meaning of Section 3(2) of ERISA or a “top hat” plan under Section 201(2) of ERISA as to
which the applicable portions of the document
constituting the Welfare Plan shall be deemed to be incorporated by reference. None of the
benefits hereunder may be assigned in any way.

 

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13. Severability. The invalidity or unenforceability of any provision of this Agreement shall
not affect the validity or enforceability of any other provision, which other provision shall
remain in full force and effect.

14. Interpretation. The headings used herein are for convenience only and do not limit or
expand the contents of this Agreement. Use of any male gender pronoun shall be deemed to include
the female gender also.

15. No Waiver. No waiver of a breach of any provision of this Agreement shall be construed to
be a waiver of any other breach of this Agreement. No waiver of any provision of this Agreement
shall be enforceable unless it is in writing and signed by the party against whom it is sought to
be enforced.

16. Survival. Any provisions of this Agreement creating obligations extending beyond the term
of this Agreement shall survive the expiration or termination of this Agreement, regardless of the
reason for such termination.

17. Amendments. Any amendments to this Agreement shall be effective only if in writing and
signed by the parties hereto.

18. Entire Agreement. This Agreement constitutes the entire agreement of the parties with
respect to the subject matter hereof.

19. Governing Law. This Agreement shall be interpreted in accordance with and governed by the
law of the State of Delaware.

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

21. Compliance with Section 409A of the Internal Revenue Code. All payments pursuant to this
Agreement shall be subject to the provisions of this Section 21.

Notwithstanding anything herein to the contrary, this Agreement is intended to be interpreted
and operated to the fullest extent possible so that the payments and benefits under this Agreement
either shall be exempt from the requirements of Code Section 409A or shall comply with the
requirements of such provision; provided, however, that notwithstanding anything to the contrary in
this Agreement in no event shall the Company be liable to the Employee for or with respect to any
taxes, penalties or interest which may be imposed upon the Employee pursuant to Code Section 409A.
This Section 21 shall not limit any tax payments (other than Code Section 409A tax payments)
provided in this Agreement.

 

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a. Payments to Specified Employees. To the extent that any payment or benefit pursuant to
this Agreement constitutes a “deferral of compensation” subject to Code Section 409A (after taking
into account to the maximum extent possible any applicable
exemptions) (a “409A Payment”) treated as payable upon Separation from Service, then, if on
the date of the Employee’s Separation from Service, the Employee is a Specified Employee, then to
the extent required for Employee not to incur additional taxes pursuant to Code Section 409A, no
such 409A Payment shall be made to the Employee earlier than the earlier of (i) six (6) months
after the Employee’s Separation from Service; or (ii) the date of his death. Should this Section
21 otherwise result in the delay of in-kind benefits (for example, health benefits), any such
benefit shall be made available to the Employee by the Company during such delay period at
Employee’s expense. Should this Section 21 result in payments or benefits to Employee at a later
time than otherwise would have been made under this Agreement, on the first day any such payments
or benefits may be made without incurring additional tax pursuant to Code Section 409A (the “409A
Payment Date”), the Company shall make such payments and provide such benefits as provided for in
this Agreement, provided that any amounts that would have been payable earlier but for the
application of this Section 21, as well as reimbursement of the amount Employee paid for benefits
pursuant to the preceding sentence, shall be paid in lump-sum on the 409A Payment Date along with
accrued interest at the rate of interest published in the Wall Street Journal as the “prime rate”
(or equivalent) on the date that payments or benefits, as applicable, to Employee should have been
made under this Agreement. For purposes of this Section 21, the term “Specified Employee” shall
have the meaning set forth in Code Section 409A, as determined in accordance with the methodology
established by the Company. For purposes of determining whether a Separation from Service has
occurred for purposes of Code Section 409A, to the extent permissible under Code Section 409A,
subsidiaries and affiliates of the Company are those included by using a twenty percent (20%)
standard to define the controlled group under Code Section 1563(a) in lieu of the fifty percent
(50%) default rule. In addition, for purposes of determining whether a Separation from Service has
occurred for purposes of Code Section 409A, a Separation from Service is deemed to include a
reasonably anticipated permanent reduction in the level of services performed by the Employee to
less than fifty (50%) of the average level of services performed by the Employee during the
immediately preceding 12-month period.

b. Reimbursements Including Tax Gross-Ups. For purposes of complying with Code Section 409A
and without extending the payment timing otherwise provided in this Agreement, taxable
reimbursements under this Agreement, subject to the following sentence and to the extent required
to comply with Code Section 409A, will be made no later than the end of the calendar year following
the calendar year in which the expense was incurred. However, for purposes of complying with Code
Section 409A and without extending the payment timing otherwise provided in this Agreement, any tax
gross-up may be payable through the calendar year after the calendar year in which the Employee
remits the taxes rather than be limited to the end of the calendar year following the calendar year
in which the expense was incurred and reimbursement of expenses incurred due to a tax audit or
litigation addressing the existence or amount of a tax liability may be payable through the end of
the calendar year following the calendar year in which the taxes that are the subject of the audit
or litigation are remitted to the taxing authority or, where as a result of such audit or
litigation no taxes are remitted, the end of the calendar year following the calendar year in which
the audit is completed or there is a final and nonappealable settlement or other resolution of the
litigation. To the extent required to comply with Code Section 409A, any taxable reimbursements
and any in-kind benefits under this Agreement will be subject to the following: (a) payment of such
reimbursements or in-kind benefits during one calendar year will not affect the amount of such
reimbursement or in-kind
benefits provided during any other calendar year (other than for medical reimbursement
arrangements as excepted under Treasury Regulations §1.409A-3(i)(1)(iv)(B) solely because the
arrangement provides for a limit on the amount of expenses that may be reimbursed under such
arrangement over some or all of the period the arrangement remains in effect); (b) such right to
reimbursement or in-kind benefits is not subject to liquidation or exchange for another form of
compensation to the Employee; and (c) the right to reimbursements under this Agreement will be in
effect for the lesser of the time specified in this Agreement or ten years plus the lifetime of the
Employee. Any taxable reimbursements or in-kind benefits shall be treated as not subject to Code
Section 409A to the maximum extent provided by Treasury Regulations §1.409A-1(b)(9)(v) or otherwise
under Code Section 409A.

 

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c. Release. To the extent that Employee is required to execute and deliver a release to
receive a 409A Payment and this Agreement provides for such 409A Payment to be provided prior to
the 55th day following the Employee’s Separation from Service, such 409A Payment will be provided
upon the 55th day following Employee’s Separation from Service provided the release in the form
mutually agreed upon between Employee and the Company or in the form set forth in Appendix A has
been executed, delivered and effective prior to such time. To the extent a 409A Payment is made at
a later time than otherwise would have been made under this Agreement because of the provisions of
the preceding sentence of this Section 21(c), interest for the delay and the opportunity for
Employee to pay for benefits in the interim with subsequent reimbursement from the Company shall be
provided in a manner consistent with that set forth in Section 21(a). To the extent that Employee
is required to execute and deliver a release to receive a 409A Payment and this Agreement provides
for such 409A Payment to be provided in accordance with Section 21(a), such 409A Payment will be
provided as set forth in Section 21(a) provided the release in the form mutually agreed upon
between Employee and the Company or in the form set forth in Appendix A has been executed,
delivered and effective prior to such time. If a release is required for a 409A Payment and such
release is not executed, delivered and effective by the date six months after the Employee’s
Separation from Service if such 409A Payment is subject to the limitations set forth in Section
21(a) or the 55th day following Employee’s Separation from Service if such 409A Payment is not
subject to the limitations set forth in Section 21(a), such 409A Payment shall not be provided to
the Employee to the extent that providing such 409A Payment would cause such 409A Payment to fail
to comply with Code Section 409A. To the extent that any payments or benefits under this Agreement
are intended to be exempt from Code Section 409A as a short-term deferral pursuant to Treasury
Regulations §1.409A-1(b)(4) or any successor thereto and require Employee to provide a release to
the Company to obtain such payments or benefits, any release required for such payment or benefit
must be provided in the form mutually agreed upon between Employee and the Company or in the form
set forth in Appendix A no later than March 7th of the calendar year following the calendar year of
the Employee’s Separation from Service.

d. No Acceleration; Separate Payments. No 409A Payment payable under this Agreement shall be
subject to acceleration or to any change in the specified time or method of payment, except as
otherwise provided under this Agreement and consistent with Code Section 409A. If under this
Agreement, a 409A Payment is to be paid in two or more installments, for purposes of Section 409A,
each installment shall be treated as a separate payment.

 

11

 

e. Cooperation. If any compensation or benefits provided by this Agreement may result in the
application of Code Section 409A, the Company shall, in consultation with the Employee, modify the
Agreement in the least restrictive manner necessary in order to exclude such compensation from the
definition of “deferred of compensation” within the meaning of such Code Section 409A or in order
to comply with the provisions of Code Section 409A of the Code and without any diminution in the
value of the payments or benefits to the Employee. This Section 21 is not intended to impose any
restrictions on payments or benefits to Employee other than those otherwise set forth in this
Agreement or required for Employee not to incur additional tax under Code Section 409A and shall be
interpreted and operated accordingly. The Company to the extent reasonably requested by Employee
shall modify this Agreement to effectuate the intention set forth in the preceding sentence.

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

	 	 	 	 	 	 	 
	 	 	VENTAS, INC.	 	 
	 
	 	 	 	 	 	 
	 	 	/s/	 	 Debra A. Cafaro	 	 
	 	 	 	 	 
	

	 	By:
	 	Debra A. Cafaro,	 	 
	 

	 	 	 	Chief Executive Officer	 	 
	 

	 	 	 	and Chairman of the Board	 	 
	 
	 	 	 	 	 	 
	 	 	/s/ T. Richard Riney	 	 
	 	 	 	 	 
	 	 	T. Richard Riney	 	 

 

12

 

APPENDIX A

RELEASE AND WAIVER OF CLAIMS

This Release and Waiver of Claims (“Release”) is made as of this
 _____ 

day of
 _____,
 _____,
by and between Ventas, Inc., a Delaware corporation (the “Company”) and T. Richard Riney
(“Employee”).

WHEREAS, the Company and Employee entered into an Agreement, dated as of
 _____,
which subsequently was amended
 _____ 

(collectively, the “Agreement”);

WHEREAS, Employee’s employment with the Company has terminated; and

WHEREAS, in connection with the termination of Employee’s employment, under the Agreement,
Employee is entitled to certain payments and other benefits.

NOW, THEREFORE, in consideration of the payments and other benefits due Employee under the
Agreement (“Severance Payments”), the Company and Employee hereby agree as follows:

1. Except as specifically provided herein, Executive, for Employee and Executive’s heirs,
agents, executors, successors, assigns, legal representatives, personal representatives, and
administrators (collectively, the “Related Parties”), intending to be legally bound, does hereby
RELEASE AND FOREVER DISCHARGE the Company, its agents, affiliates, subsidiaries, parents, joint
ventures, and its and their respective officers, directors, shareholders, employees, predecessors,
and partners, and its and their respective successors and assigns, heirs, executors, and
administrators (collectively, “Releasees”) from all causes of action, suits, debts, claims
obligations, and demands of every kind and nature whatsoever in law or in equity, known or unknown,
which Employee ever had, now has, or hereafter may have, or which the Related Parties may have, by
reason of any matter, cause or thing whatsoever, at any time prior to the execution of this Release
and particularly, but without limitation of the foregoing general terms, any claims arising from or
relating in any way to the Agreement, Executive’s employment relationship with Company, the terms
and conditions of that employment relationship, and the termination of that employment
relationship, including, but not limited to the following: claims or demands related to salary,
bonuses, commissions, stock, stock options, any other ownership interests in the Company, vacation
pay, fringe benefits, expense reimbursements, sabbatical benefits, severance benefits, or any other
form of compensation or equity; any claims arising under the Age Discrimination in Employment Act
(“ADEA”), as amended, 29 U.S.C. § 621 et seq., the Older Worker’s Benefit Protection Act, 29 U.S.C.
§ 626(f)(1), Title VII of The Civil Rights Act of 1964, as amended, 42 U.S.C. § 2000e et seq., the
Civil Rights Act of 1871, the Civil Rights Act of 1991, the Americans with Disabilities Act, 42
U.S.C. § 12101-12213, the Rehabilitation Act, the Family and Medical Leave Act of 1993 (“FMLA”), 29
U.S.C. § 2601 et seq., the Fair Labor Standards Act; any other claims under any federal, state or
local common law, statutory, or regulatory provision, now or hereafter recognized; claims for
wrongful discharge, discrimination, fraud, defamation, harassment, emotional distress, or breach of
the implied covenant of good

 

 

 

 faith and fair dealing; and any claims for attorneys’ fees and costs. This Release does not apply to any claims that cannot be released or waived by law or to
claims for the following: payments and benefits to Employee provided for under the Agreement or
any employee benefit plan or equity plan of the Company in which Employee is a participant,
including, without limitation, any options, stock or other equity awards that are vested (including
those that vested as a result of Executive’s termination of employment), or payment of any benefits
to which Employee may be entitled under a Company sponsored tax qualified retirement or savings
plan; any rights of Employee to indemnification under the Certificate of Incorporation or by-laws
of the Company, the Agreement or other agreement between Employee and the Company; or any rights of
Employee under any directors’ and officers’ liability insurance policy maintained by the Company.
Except as specifically provided herein, it is expressly understood and agreed that this Release
shall operate as a clear and unequivocal waiver by Employee of any claim for accrued or unpaid
wages, benefits or any other type of payment other than as provided to Employee under the Agreement
or any employee benefit plan or equity plan of the Company in which Employee is a participant. It
is the intention of the parties to make this Release as broad and as general as the law permits as
to the claims released hereunder.

2. Employee further agrees and recognizes that Employee has permanently and irrevocably
severed Executive’s employment relationship with the Company, that Employee shall not seek
employment at any time in the future with the Company or any entity with which the Company is
consolidated for financial reporting purposes, and that the Company has no obligation to employ
Employee in the future.

3. Employee agrees that no promise or inducement to enter into this Release has been offered
or made except as set forth herein and that Employee is entering into this Release without any
threat or coercion and without reliance on any statement or representation made on behalf of the
Company or by any person employed by or representing the Company, except for the written provisions
and promises contained in this Release.

4. The parties agree that damages incurred as a result of a breach of this Release will be
difficult to measure. It is, therefore, further agreed that, in addition to the remedy set forth
in Section 6(h) or any other remedies, equitable relief will be available in the case of a breach
of this Release. It also is agreed that, in the event Employee files a claim against the Company
(other than a charge before the EEOC) with respect to a claim released by Employee herein, the
Company may withhold, retain, or require reimbursement of the Severance Payments.

5. The parties agree and acknowledge that this Release, and the settlement and termination of
any asserted or unasserted claims against the Releasees pursuant to the Release, are not and shall
not be construed to be an admission of any violation of any federal, state or local statute or
regulation, or of any duty owed by any of the Releasees to Executive.

6. Employee certifies and acknowledges:

(a) Employee has read the terms of this Release, and Employee understands its terms and
effects, including the fact that Employee has agreed to RELEASE AND FOREVER DISCHARGE all
Releasees from any legal action or other liability of any type related in any way to the
matters released pursuant to this Release other than as provided in the Agreement and in
this Release;

 

2

 

(b) Employee has signed this Release voluntarily and knowingly in exchange for the
Severance Payments and other consideration described herein, which Employee acknowledges is
adequate and satisfactory to Employee and which Employee acknowledges is in addition to any
other benefits to which Employee is otherwise entitled;

(c) Employee has been and is hereby advised in writing to consult with an attorney
prior to signing this Release and Employee has had the opportunity to seek legal counsel in
connection with this Release;

(d) Employee does not waive rights or claims that may arise after the date this Release
is executed;

(e) Employee has been informed that Employee has the right to consider this Release for
a period of [21] [45] days from receipt, and Employee has signed on the date indicated below
after concluding that this Release is satisfactory to Executive;

(f) Neither the Company, nor any of its directors, employees, or attorneys, has made
any representations to Employee concerning the terms or effects of this Release other than
those contained herein;

(g) Employee has not filed a charge, lawsuit or any other claim (and will not hereafter
file a charge, lawsuit or any other claim (other than a charge before the EEOC)) against the
Company relating to Executive’s employment and/or cessation of employment with the Company
or otherwise involving facts that occurred on or prior to the date that Employee has signed
this Release, other than a lawsuit or claim that the Company has failed to pay Employee the
Severance Payments or benefits due under any employee benefit plan or equity plan of the
Company in which Employee is a participant; and

(h) If Employee commences, continues, joins in, or in any other manner attempts to
pursue a recovery for any claim released herein against any of the Releasees, or otherwise
violates the terms of this Release, (i) Employee will cease to have any further rights to
Severance Payments from the Company, and (ii) Employee shall be required to return any
Severance Payments made to the Employee by the Company (together with interest thereon). A
claim that would be expressly permitted by the terms of this Release were it successful will
not be deemed a violation of this Release even if such claim is unsuccessful, provided that
such claim is reasonable and made in good faith. In addition, this Release is not intended
and does not limit Executive’s right to file a charge with or participate in an
investigative proceeding of the EEOC.

Employee acknowledges that Employee may later discover facts different from or in addition to
those which Employee knows or believes to be true now, and Employee agrees that, in such event,
this Release shall nevertheless remain effective in all respects, notwithstanding such different or
additional facts or the discovery of those facts.

7. This Release may not be introduced in any legal or administrative proceeding, or other
similar forum, except one concerning a breach of this Release.

 

3

 

8. If all or any part of this Release is declared by any court or governmental authority to be
unlawful or invalid, such unlawfulness or invalidity shall not invalidate any other portion of this
Release. Any section or a part of a section declared to be unlawful or invalid shall, if possible,
be construed in a manner which will give effect to the terms of the section to the fullest extent
possible while remaining lawful and valid.

9. This Release shall not be altered, amended, or modified except by written instrument
executed by the Company and Executive. A waiver of any portion of this Release shall not be deemed
a waiver of any other portion of this Release.

10. This Release may be executed in several counterparts, each of which shall be deemed to be
an original, but all of which together will constitute one and the same instrument.

11. This Release shall be governed by and construed and interpreted in accordance with the
laws of the State of [Kentucky][Illinois] without regard to its choice of law principles.

12. Employee also understands that Employee has the right to revoke this Release within seven
(7) days after execution, and that this Release will not become effective or enforceable until the
revocation period has expired, by giving written notice by regular mail and facsimile to the
following:

Ventas, Inc.

Sr. Vice President — Human Resources

111 South Wacker Drive, Suite 4800

Chicago, Illinois 60606

Telephone No.: (312) 660-3890

Fax No.: (312) 660-3891

IN WITNESS WHEREOF, and intending to be legally bound hereby, the parties execute the
foregoing Release and Waiver of Claims.

	 	 	 	 	 	 	 	 	 
	 	 	EMPLOYEE	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	Date:	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	VENTAS, INC.	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	By:	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 

	 	 	 	Title:	 	 	 	 
	 

	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	Date:	 	 	 	 	 	 
	 	 	 	 	 	 	 

 

4exv10w1

Exhibit
10.1

Execution Version

 

$500,000,000

SECOND AMENDED AND RESTATED

REVOLVING CREDIT AGREEMENT

dated as of

March 18, 2011

among

SERVICE CORPORATION INTERNATIONAL,

as Borrower,

The Lenders Party Hereto,

JPMORGAN CHASE BANK, N.A.,

as Administrative Agent,

BANK OF AMERICA, N.A.,

as Syndication Agent

and

BBVA COMPASS,

THE BANK OF NOVA SCOTIA

and

SUNTRUST BANK,

as Co-Documentation Agents

 

J.P. MORGAN SECURITIES LLC

and

MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED,

as Joint Bookrunners and Joint Lead Arrangers

 

Andrews Kurth LLP

Counsel to the Administrative Agent

 

 

TABLE OF CONTENTS

	 	 	 	 	 
	 	 	Page	 
	ARTICLE I DEFINITIONS
	 	 	1	 
	Section 1.01 Defined Terms
	 	 	1	 
	Section 1.02 Classification of Loans and Borrowings
	 	 	17	 
	Section 1.03 Terms Generally
	 	 	17	 
	Section 1.04 Accounting Terms; GAAP
	 	 	17	 
	 
	 	 	 	 
	ARTICLE II THE CREDITS
	 	 	18	 
	Section 2.01 Commitments
	 	 	18	 
	Section 2.02 Revolving Loans and Borrowings
	 	 	18	 
	Section 2.03 Requests for Revolving Borrowings
	 	 	19	 
	Section 2.04 Reserved
	 	 	19	 
	Section 2.05 Swingline Loans
	 	 	20	 
	Section 2.06 Letters of Credit
	 	 	21	 
	Section 2.07 Funding of Borrowings
	 	 	25	 
	Section 2.08 Interest Elections
	 	 	26	 
	Section 2.09 Termination and Reduction of Commitments
	 	 	27	 
	Section 2.10 Repayment of Loans; Evidence of Debt
	 	 	27	 
	Section 2.11 Prepayment of Loans
	 	 	28	 
	Section 2.12 Fees
	 	 	29	 
	Section 2.13 Interest
	 	 	30	 
	Section 2.14 Alternate Rate of Interest
	 	 	30	 
	Section 2.15 Increased Costs
	 	 	31	 
	Section 2.16 Break Funding Payments
	 	 	32	 
	Section 2.17 Taxes
	 	 	32	 
	Section 2.18 Payments Generally; Pro Rata Treatment; Sharing of Set-offs
	 	 	34	 
	Section 2.19 Mitigation Obligations; Replacement of Lenders
	 	 	36	 
	Section 2.20 Increase in the Commitments
	 	 	36	 
	Section 2.21 Defaulting Lenders
	 	 	37	 
	 
	 	 	 	 
	ARTICLE III REPRESENTATIONS AND WARRANTIES
	 	 	39	 
	Section 3.01 Organization; Powers
	 	 	39	 
	Section 3.02 Authorization; Enforceability
	 	 	39	 
	Section 3.03 Governmental Approvals; No Conflicts
	 	 	39	 
	Section 3.04 Financial Condition; No Material Adverse Change
	 	 	40	 
	Section 3.05 Properties
	 	 	40	 
	Section 3.06 Litigation and Environmental Matters
	 	 	40	 
	Section 3.07 Compliance with Laws and Agreements
	 	 	41	 
	Section 3.08 Investment and Holding Company Status
	 	 	41	 
	Section 3.09 Taxes
	 	 	41	 
	Section 3.10 ERISA
	 	 	41	 
	Section 3.11 Disclosure
	 	 	41	 
	Section 3.12 Subsidiaries
	 	 	41	 

-i-

 

	 	 	 	 	 
	 	 	Page	 
	Section 3.13 Margin Stock
	 	 	42	 
	Section 3.14 Use of Proceeds
	 	 	42	 
	Section 3.15 Solvency
	 	 	42	 
	 
	 	 	 	 
	ARTICLE IV CONDITIONS
	 	 	42	 
	Section 4.01 Effective Date
	 	 	42	 
	Section 4.02 Each Credit Event
	 	 	43	 
	 
	 	 	 	 
	ARTICLE V AFFIRMATIVE COVENANTS
	 	 	44	 
	Section 5.01 Financial Statements; Ratings Change and Other Information
	 	 	44	 
	Section 5.02 Notices of Material Events
	 	 	45	 
	Section 5.03 Existence; Conduct of Business
	 	 	46	 
	Section 5.04 Payment of Obligations
	 	 	46	 
	Section 5.05 Maintenance of Properties
	 	 	46	 
	Section 5.06 Books and Records; Inspection Rights
	 	 	46	 
	Section 5.07 Compliance with Laws
	 	 	46	 
	Section 5.08 Use of Proceeds and Letters of Credit
	 	 	46	 
	Section 5.09 Insurance
	 	 	47	 
	Section 5.10 Required Guarantors
	 	 	47	 
	 
	 	 	 	 
	ARTICLE VI NEGATIVE COVENANTS
	 	 	47	 
	Section 6.01 Indebtedness Covenant
	 	 	47	 
	Section 6.02 Limit on Preferred Equity Issuance
	 	 	49	 
	Section 6.03 Lien Covenant
	 	 	49	 
	Section 6.04 Sale and Leaseback Transactions
	 	 	50	 
	Section 6.05 Limitation on Fundamental Changes
	 	 	50	 
	Section 6.06 Restrictions on Investments, Loans, Advances, Guarantees and Acquisitions
	 	 	51	 
	Section 6.07 Limitation on Asset Sales
	 	 	52	 
	Section 6.08 Swap Agreements
	 	 	53	 
	Section 6.09 Limitation on Restricted Payments
	 	 	53	 
	Section 6.10 Restrictions on Transactions with Affiliates
	 	 	55	 
	Section 6.11 Restrictions on Restrictive Agreements
	 	 	55	 
	Section 6.12 Financial Covenants
	 	 	55	 
	 
	 	 	 	 
	ARTICLE VII EVENTS OF DEFAULT
	 	 	56	 
	 
	 	 	 	 
	ARTICLE VIII THE ADMINISTRATIVE AGENT
	 	 	58	 
	 
	 	 	 	 
	ARTICLE IX MISCELLANEOUS
	 	 	60	 
	Section 9.01 Notices
	 	 	60	 
	Section 9.02 Waivers; Amendments; Release of Guarantors
	 	 	60	 
	Section 9.03 Expenses; Indemnity; Damage Waiver
	 	 	62	 
	Section 9.04 Successors and Assigns
	 	 	63	 
	Section 9.05 Survival
	 	 	66	 
	Section 9.06 Counterparts; Integration; Effectiveness
	 	 	66	 
	Section 9.07 Severability
	 	 	67	 

-ii-

 

	 	 	 	 	 
	 	 	Page	 
	Section 9.08 Right of Setoff
	 	 	67	 
	Section 9.09 Governing Law; Jurisdiction; Consent to Service of Process
	 	 	67	 
	Section 9.10 WAIVER OF JURY TRIAL
	 	 	68	 
	Section 9.11 Headings
	 	 	68	 
	Section 9.12 Confidentiality
	 	 	68	 
	Section 9.13 Interest Rate Limitation
	 	 	69	 
	Section 9.14 USA Patriot Act
	 	 	69	 
	Section 9.15 Amendment and Restatement
	 	 	69	 
	Section 9.16 FINAL AGREEMENT OF THE PARTIES
	 	 	70	 

-iii-

 

	 	 	 

	EXHIBITS:
	 	 
	 
	Exhibit 1.01A

	 	Form of Guarantee Agreement
	Exhibit 1.01B

	 	Form of Revolving Promissory Note
	Exhibit 4.01(h)

	 	Form of Borrowing Request
	Exhibit 5.01

	 	Form of Compliance Certificate
	Exhibit 9.04

	 	Form of Assignment and Assumption
	Annex I

	 	Standard Terms and Conditions for Assignment and Assumption

	 	 	 

	SCHEDULES:
	 	 
	 
	Schedule 2.01

	 	Commitments
	Schedule 2.06(k)

	 	Existing Letters of Credit
	Schedule 3.06

	 	Disclosed Matters
	Schedule 3.12

	 	List of Subsidiaries
	Schedule 6.01(b)

	 	Existing Indebtedness
	Schedule 6.03(b)

	 	Existing Liens
	Schedule 6.06(b)

	 	Existing Investments
	Schedule 6.11

	 	Restrictive Agreements

-iv-

 

          THIS SECOND AMENDED AND RESTATED REVOLVING CREDIT AGREEMENT (this “Agreement”),
dated as of March 18, 2011, is entered into among Service Corporation International, a Texas
corporation, the Lenders party hereto, JPMorgan Chase Bank, N.A., as Administrative Agent, Bank of
America, N.A., as Syndication Agent, and Compass Bank, The Bank of Nova Scotia and SunTrust Bank,
as Co-Documentation Agents.

          The parties hereto agree as follows:

ARTICLE I

Definitions

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

          “Adjusted LIBO Rate” means, for any day, with respect to any Eurodollar Borrowing for
any Interest Period, an interest rate per annum (rounded upwards, if necessary, to the next 1/100
of 1%) equal to (a) the LIBO Rate for such Interest Period multiplied by (b) the Statutory Reserve
Rate.

          “Adjusted One Month LIBO Rate” means an interest rate per annum equal to the sum of
(i) 1.00% per annum plus (ii) the Adjusted LIBO Rate for a one month Interest Period on such day
(or if such day is not a Business Day, the immediately preceding Business Day).

          “Administrative Agent” means JPMorgan Chase Bank, N.A., in its capacity as
administrative agent for the Lenders hereunder.

          “Administrative Questionnaire” means an Administrative Questionnaire in a form
supplied by the Administrative Agent.

          “Affiliate” means, with respect to a specified Person, another Person that directly,
or indirectly through one or more intermediaries, Controls or is Controlled by or is under common
Control with the Person specified.

          “Applicable Margin” means, for any day, with respect to any CBFR Loan or Eurodollar
Revolving Loan, or with respect to the facility fees payable hereunder, as the case may be, the
Applicable Margin per annum set forth below under the caption “CBFR Spread”, “Eurodollar Spread” or
“Commitment Fee Rate”, as the case may be, based upon the Leverage Ratio:

 

 

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	CBFR	 	EURODOLLAR	 	COMMITMENT
	CATEGORY	 	LEVERAGE RATIO:	 	SPREAD	 	SPREAD	 	FEE RATE
	 	I	 	 	3 3.50 to 1.0
	 	 	1.25	%	 	 	2.25	%	 	 	0.40	%
	II	 	3 3.0 to 1.0 but < 3.50 to 1.0
	 	 	1.00	%	 	 	2.00	%	 	 	0.35	%
	III	 	3 2.5 to 1.0 but < 3.0 to 1.0
	 	 	0.75	%	 	 	1.75	%	 	 	0.30	%
	IV	 	< 2.5 to 1.0
	 	 	0.50	%	 	 	1.50	%	 	 	0.25	%

          For purposes of the foregoing, each change in the Applicable Margin resulting from a change in
the Leverage Ratio shall be effective during the period commencing on and including the date of
delivery to the Administrative Agent of such consolidated financial statements indicating such
change and ending on the date immediately preceding the effective date of the next such change;
provided that the Leverage Ratio shall be deemed to be in Category I at any time (a) that
an Event of Default has occurred and is continuing or (b) at the option of the Administrative Agent
or at the request of the Required Lenders if the Borrower fails to deliver the consolidated
financial statements required to be delivered by it pursuant to Section 5.01(i) or
Section 5.01(ii), during the period from the expiration of the time for delivery thereof
until such consolidated financial statements are delivered. In the event that any financial
statement delivered pursuant to Section 5.01(i) or Section 5.01(ii), as applicable,
is shown to be inaccurate when delivered (regardless of whether the Commitments are in effect when
such inaccuracy is discovered) and such inaccuracy, if corrected, would have led to the application
of a higher Applicable Margin for any such period (an “Applicable Period”) than the
Applicable Margin applied for such Applicable Period, and only in such case, then the Borrower
shall immediately (i) deliver to the Administrative Agent corrected financial statements for such
Applicable Period, (ii) determine the Applicable Margin for such Applicable Period based upon the
corrected financial statements and (iii) immediately pay to the Administrative Agent the accrued
additional interest owning as a result of such increased Applicable Margin for such Applicable
Period. This provision is in addition to the rights of the Administrative Agent and the Lenders
with respect to Section 2.13(c) and their other respective rights under this Agreement and
shall not limit the right of the Administrative Agent to declare an Event of Default. Financial
statements shall not be deemed to be “inaccurate” solely because the same are subsequently restated
to reflect changes in GAAP.

          “Applicable Percentage” means, with respect to any Lender, the percentage of the total
Commitments represented by such Lender’s Commitment; provided that in the case of
Section 2.21 when a Defaulting Lender shall exist, “Applicable Percentage” shall mean the
percentage of the total Commitments (disregarding any Defaulting Lender’s Commitment) represented
by such Lender’s Commitment. If the Commitments have terminated or expired, the Applicable
Percentages shall be determined based upon the Commitments most recently in effect, giving effect
to any assignments and to any Lender’s status as a Defaulting Lender at the time of determination.

-2-

 

          “Assignment and Assumption” means an assignment and assumption entered into by a
Lender and an assignee (with the consent of any party whose consent is required by Section
9.04), and accepted by the Administrative Agent, in the form of Exhibit 9.04 or any
other form approved by the Administrative Agent.

          “Availability Period” means the period from and including the Effective Date to but
excluding the earlier of the Maturity Date and the date of termination of the Commitments.

          “Board” means the Board of Governors of the Federal Reserve System of the United
States of America.

          “Borrower” means Service Corporation International, a Texas corporation.

          “Borrowing” means (a) Revolving Loans of the same Type, made, converted or continued
on the same date and, in the case of Eurodollar Loans, as to which a single Interest Period is in
effect or (b) a Swingline Loan.

          “Borrowing Request” means a request by the Borrower for a Revolving Borrowing
substantially in the form of Exhibit 4.01(h).

          “Business Day” means any day that is not a Saturday, Sunday or other day on which
commercial banks in Houston, Texas are authorized or required by law to remain closed;
provided that, when used in connection with a Eurodollar Loan, the term “Business
Day” shall also exclude any day on which banks are not open for dealings in dollar deposits in
the London interbank market.

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

          “Cash Interest Expense” means interest expense determined under GAAP, less
amortization of deferred loan costs and original issue discounts.

          “CB Floating Rate” means, for any day, a rate per annum equal to the highest of (a)
the Prime Rate in effect on such day, (b) the Federal Funds Effective Rate in effect on such day
plus 1/2 of 1% and (c) the Adjusted One Month LIBO Rate. Any change in the CB Floating Rate due to a
change in the Prime Rate, the Federal Funds Effective Rate or the Adjusted One Month LIBO Rate
shall be effective from and including the effective date of such change in the Prime Rate, Federal
Funds Effective Rate or Adjusted One Month LIBO Rate, respectively.

          “CBFR”, when used in reference to any Loan or Borrowing, refers to whether such Loan,
or the Loans comprising such Borrowing, are bearing interest at a rate determined by reference to
the CB Floating Rate.

-3-

 

          “Change in Control” means (a) the acquisition of ownership, directly or indirectly,
beneficially or of record, by any Person or group (within the meaning of the Securities Exchange
Act of 1934 and the rules of the Securities and Exchange Commission thereunder as in effect on the
Effective Date) of Equity Interests representing more than 25% of the aggregate ordinary voting
power represented by the issued and outstanding Equity Interests of the Borrower (including Equity
Interests referenced in (d) below); (b) occupation of a majority of the seats (other than vacant
seats) on the board of directors of the Borrower by Persons who were neither (i) nominated by the
board of directors of the Borrower nor (ii) appointed by directors so nominated; (c) the
acquisition of direct or indirect Control of the Borrower by any Person or group, or (d) any event
that gives holders of preferred Equity Interests or other securities issued pursuant to any
shareholders’ rights plan of the Borrower the right to purchase or to convert such securities to
more than 25% of the aggregate (less the percentage of Equity Interests referenced in (a) above
held by the holders of such preferred Equity Interests) voting Equity Interests of the Borrower.

          “Change in Law” means the occurrence, after the Effective Date (or with respect to any
Lender, if later, the date on which such Lender becomes a Lender), of any of the following: (a) the
adoption or taking into effect of any law, rule, regulation or treaty, (b) any change in any law,
rule, regulation or treaty or in the administration, interpretation or application thereof by any
Governmental Authority or (c) the making or issuance of any request, guideline or directive
(whether or not having the force of law) of any Governmental Authority; provided, however,
that notwithstanding anything herein to the contrary, the Dodd-Frank Wall Street Reform and
Consumer Protection Act and all requests, rules, guidelines or directives thereunder or issued in
connection therewith shall be deemed to be a “Change in Law”, regardless of the date enacted,
adopted or issued.

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

          “Commitment” means, with respect to each Lender, the commitment of such Lender to make
Loans including the acquisition of participations in Letters of Credit and Swingline Loans
hereunder, as such commitment may be (a) reduced from time to time pursuant to Section
2.09, (b) increased from time to pursuant to Section 2.20 and (c) reduced or increased
from time to time pursuant to assignments by or to such Lender pursuant to Section 9.04.
The initial amount of each Lender’s Commitment is set forth on Schedule 2.01, or in the
Assignment and Assumption pursuant to which such Lender shall have assumed its Commitment, as
applicable. The initial aggregate amount of the Lenders’ Commitments is $500,000,000.

          “Consolidated EBITDA” means EBITDA for the Borrower and the Subsidiaries on a
consolidated basis.

          “Consolidated Interest Expense” means, for any period, the actual Cash Interest
Expense (including imputed interest expense in respect of Capital Lease Obligations) paid by the
Borrower and the Subsidiaries or accrued during such period.

          “Consolidated Operating Income” means, for any period, the operating income or loss of
the Borrower and the Subsidiaries for such period determined on a consolidated basis in accordance
with GAAP.

-4-

 

          “Control” means the possession, directly or indirectly, of the power to direct or
cause the direction of the management or policies of a Person, whether through the ability to
exercise voting power, by contract or otherwise. “Controlling” and “Controlled”
have meanings correlative thereto.

          “Credit Exposure” means, with respect to any Lender at any time, the sum of the
outstanding principal amount of such Lender’s Revolving Loans and its LC Exposure and Swingline
Exposure at such time.

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

          “Defaulting Lender” means any Lender, as determined by the Administrative Agent, that
has (a) failed to fund any portion of its Revolving Loans or participations in Letters of Credit or
Swingline Loans within three Business Days of the date required to be funded by it hereunder, (b)
notified the Borrower, the Administrative Agent, the Issuing Bank, the Swingline Lender or any
Lender in writing that it does not intend to comply with any of its funding obligations under this
Agreement or has made a public statement to the effect that it does not intend to comply with its
funding obligations under this Agreement or under other agreements in which it commits to extend
credit, (c) failed, within three Business Days after request by the Administrative Agent, to
confirm that it will comply with the terms of this Agreement relating to its obligations to fund
prospective Loans and participations in then outstanding Letters of Credit and Swingline Loans, (d)
otherwise failed to pay over to the Administrative Agent or any other Lender any other amount
required to be paid by it hereunder within three Business Days of the date when due, unless the
subject of a good faith dispute, or (e) (i) become or is insolvent or has a parent company that has
become or is insolvent or (ii) become, or has a parent company that has become, the subject of a
bankruptcy or insolvency proceeding, or has had a receiver, conservator, trustee, administrator,
assignee for the benefit of creditors or similar Person charged with reorganization or liquidation
of its business or custodian, appointed for it, or has taken any action in furtherance of, or
indicating its consent to, approval of or acquiescence in any such proceeding or appointment or has
a parent company that has become the subject of a bankruptcy or insolvency proceeding, or has had a
receiver, conservator, trustee, administrator, assignee for the benefit of creditors or similar
Person charged with reorganization or liquidation of its business or custodian appointed for it, or
has taken any action in furtherance of, or indicating its consent to, approval of or acquiescence
in any such proceeding or appointment.

          “Disclosed Matters” means the actions, suits and proceedings and the environmental
matters disclosed in Schedule 3.06.

          “dollars” or “$” refers to lawful money of the United States of America.

          “Domestic Subsidiary” means any Subsidiary that is not a Foreign Subsidiary.

          “EBITDA” means, for any period, without duplication, for the Borrower and the
Subsidiaries, Consolidated Operating Income

-5-

 

     (i) minus any gains or plus any losses on sales and impairments of assets, to the
extent included in Consolidated Operating Income;

     (ii) plus depreciation and amortization (to the extent included in operating expenses
and excluding amortization of deferred loan costs);

     (iii) plus non-cash stock compensation expense/amortization (to the extent included in
operating expenses);

     (iv) plus rent expense in previous periods associated with assets later capitalized
with on-balance sheet debt;

     (v) plus (A) actual non-recurring cash expenses incurred and related to any acquisition
to the extent included in operating expenses and not to exceed $40,000,000 in aggregate in
any 12 month period, including expenses within the first 24 months after the related
acquisition, such as, but not limited to, severance of management and employees, termination
costs and buyouts of contracts and lease agreements, conversions of computer systems and
networks, transfer of documents and other assets, legal and advisory fees directly related
to such acquisition and the financing thereof, and other items reasonably incurred of a
similar nature and (B) non-cash acquisition expenses that would not otherwise be picked up
in other non-cash addbacks to EBITDA;

     (vi) minus expenses attributable to surety premiums;

     (vii) minus Pro Forma Divested EBITDA (to the extent positive and previously included
in operating income) or plus Pro Forma Divested EBITDA (to the extent negative and
previously included in operating income);

     (viii) plus EBITDA of any acquired operations in the period from the beginning of the
period for which EBITDA is to be determined to the date of such acquisition;

     (ix) plus EBITDA of discontinued operations still owned (to the extent positive) and
minus EBITDA of discontinued operations still owned (to the extent negative);

     (x) plus net cash flow from/to non-consolidated joint ventures to the extent
received/paid in cash; and

     (xi) plus non-recurring and non-cash expenses (to the extent included in operating
expenses) and minus non-recurring and non-cash income (to the extent included in operating
income).

          “Effective Date” means the date on which the conditions specified in Section
4.01 are satisfied (or waived in accordance with Section 9.02).

          “Environmental Laws” means all laws, rules, regulations, codes, ordinances, orders,
decrees, judgments, injunctions, notices or binding agreements issued, promulgated or entered into
by any Governmental Authority, relating in any way to the environment,

-6-

 

preservation or reclamation of natural resources, the management, release or threatened
release of any Hazardous Material or to health and safety matters.

          “Environmental Liability” means any liability, contingent or otherwise (including any
liability for damages, costs of environmental remediation, fines, penalties or indemnities), of the
Borrower or any Subsidiary directly or indirectly resulting from or based upon (a) violation of any
Environmental Law, (b) the generation, use, handling, transportation, storage, treatment or
disposal of any Hazardous Materials, (c) exposure to any Hazardous Materials, (d) the release or
threatened release of any Hazardous Materials into the environment or (e) any contract, agreement
or other consensual arrangement pursuant to which liability is assumed or imposed with respect to
any of the foregoing.

          “Equity Interests” means shares of capital stock, partnership interests, membership
interests in a limited liability company, beneficial interests in a trust or other equity ownership
interests in a Person, and any warrants, options or other rights entitling the holder thereof to
purchase or acquire any such equity interest.

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

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

          “ERISA Event” means (a) any “reportable event”, as defined in Section 4043 of ERISA or
the regulations issued thereunder with respect to a Plan (other than an event for which the 30 day
notice period is waived or the Merger and the transactions contemplated thereby); (b) the existence
with respect to any Plan of an “accumulated funding deficiency” (as defined in Section 412 of the
Code or Section 302 of ERISA), whether or not waived; (c) the filing pursuant to Section 412(d) of
the Code or Section 303(d) of ERISA of an application for a waiver of the minimum funding standard
with respect to any Plan; (d) the incurrence by the Borrower or any of its ERISA Affiliates of any
liability under Title IV of ERISA with respect to the termination of any Plan; (e) the receipt by
the Borrower or any ERISA Affiliate from the PBGC or a plan administrator of any notice relating to
an intention to terminate any Plan or Plans or to appoint a trustee to administer any Plan; (f) the
incurrence by the Borrower or any of its ERISA Affiliates of any liability with respect to the
withdrawal or partial withdrawal from any Plan or Multiemployer Plan; or (g) the receipt by the
Borrower or any ERISA Affiliate of any notice, or the receipt by any Multiemployer Plan from the
Borrower or any ERISA Affiliate of any notice, concerning the imposition of Withdrawal Liability or
a determination that a Multiemployer Plan is, or is expected to be, insolvent or in reorganization,
within the meaning of Title IV of ERISA.

          “Eurodollar”, when used in reference to any Loan or Borrowing, refers to whether such
Loan, or the Loans comprising such Borrowing, are bearing interest at a rate determined by
reference to the Adjusted LIBO Rate.

          “Event of Default” has the meaning assigned to such term in ARTICLE VII.

-7-

 

          “Excluded Subsidiaries” means Wilson Financial Group, each Subsidiary thereof, SCI
International, LLC, Alderwoods Group, LLC, ECI Capital Corporation and SCI Cerberus, LLC.

          “Excluded Taxes” means, with respect to the Administrative Agent, any Lender, the
Issuing Bank or any other recipient of any payment to be made by or on account of any obligation of
the Borrower hereunder, (a) income or franchise taxes imposed on (or measured by) its net income by
the United States of America, or by the jurisdiction under the laws of which such recipient is
organized or in which its principal office is located or, in the case of any Lender, in which its
applicable lending office is located, (b) any branch profits taxes imposed by the United States of
America or any similar tax imposed by any other jurisdiction in which the Borrower is located, (c)
in the case of a Foreign Lender (other than an assignee pursuant to a request by the Borrower under
Section 2.19(b)), any withholding tax that is imposed on amounts payable to such Foreign
Lender at the time such Foreign Lender becomes a party to this Agreement (or designates a new
lending office) or is attributable to such Foreign Lender’s failure to comply with Section
2.17(e), except to the extent that such Foreign Lender (or its assignor, if any) was entitled,
at the time of designation of a new lending office (or assignment), to receive additional amounts
from the Borrower with respect to such withholding tax pursuant to Section 2.17(a), and (d)
any withholding tax imposed by FATCA.

          “FATCA” means Sections 1471 through 1474 of the Code (and any amendment or successor
sections thereto) and any regulations or official interpretations thereof.

          “Federal Funds Effective Rate” means, for any day, the weighted average (rounded
upwards, if necessary, to the next 1/100 of 1%) of the rates on overnight Federal funds
transactions with members of the Federal Reserve System arranged by Federal funds brokers, as
published on the next succeeding Business Day by the Federal Reserve Bank of New York, or, if such
rate is not so published for any day that is a Business Day, the average (rounded upwards, if
necessary, to the next 1/100 of 1%) of the quotations for such day for such transactions received
by the Administrative Agent from three Federal funds brokers of recognized standing selected by it.

          “Financial Officer” means the chief financial officer, principal accounting officer,
treasurer or controller of the Borrower.

          “Foreign Lender” means any Lender that is organized under the laws of a jurisdiction
other than that in which the Borrower is located. For purposes of this definition, the United
States of America, each State thereof and the District of Columbia shall be deemed to constitute a
single jurisdiction.

          “Foreign Subsidiary” means any Subsidiary organized under the laws of a jurisdiction
other than the United States or any of its territories or possessions or any political subdivision
thereof. For the avoidance of doubt, the Commonwealth of Puerto Rico is not a territory,
possession or political subdivision of the United States.

          “GAAP” means generally accepted accounting principles in the United States of America.

-8-

 

          “Governmental Authority” means the government of the United States of America, any
other nation or any political subdivision thereof, whether state or local, and any agency,
authority, instrumentality, regulatory body, court, central bank or other entity exercising
executive, legislative, judicial, taxing, regulatory or administrative powers or functions of or
pertaining to government.

          “Guarantee” of or by any Person (the “guarantor”) means any obligation,
contingent or otherwise, of the guarantor guaranteeing or having the economic effect of
guaranteeing any Indebtedness or other obligation of any other Person (the “primary
obligor”) in any manner, whether directly or indirectly, and including any obligation of the
guarantor, direct or indirect, (a) to purchase or pay (or advance or supply funds for the purchase
or payment of) such Indebtedness or other obligation or to purchase (or to advance or supply funds
for the purchase of) any security for the payment thereof, (b) to purchase or lease property,
securities or services for the purpose of assuring the owner of such Indebtedness or other
obligation of the payment thereof, (c) to maintain working capital, equity capital or any other
financial statement condition or liquidity of the primary obligor so as to enable the primary
obligor to pay such Indebtedness or other obligation or (d) as an account party in respect of any
letter of credit or letter of guaranty issued to support such Indebtedness or obligation;
provided, that the term Guarantee shall not include endorsements for collection or deposit
in the ordinary course of business.

          “Guarantee Agreement” means the Second Amended and Restated Guarantee of the
Guarantors, substantially in the form of Exhibit 1.01A hereto, guarantying the Obligations
of Borrower under this Agreement and the Loan Documents and all other Indebtedness of the Borrower
to any of the Agents or Lenders in respect of any hedging obligations, any overdrafts or treasury,
depository, cash management, or similar services.

          “Guarantors” means all Domestic Subsidiaries of the Borrower, other than the Excluded
Subsidiaries, and any other Subsidiary required to execute a Guaranty Agreement pursuant to
Section 5.10.

          “Hazardous Materials” means all explosive or radioactive substances or wastes and all
hazardous or toxic substances, wastes or other pollutants, including petroleum or petroleum
distillates, asbestos or asbestos containing materials, polychlorinated biphenyls, radon gas,
infectious or medical wastes and all other substances or wastes of any nature regulated pursuant to
any Environmental Law.

          “Increasing Lender” has the meaning set forth in Section 2.20.

          “Indebtedness” of any Person means, without duplication, (a) all obligations of such
Person for borrowed money or with respect to deposits or advances of any kind, (b) all obligations
of such Person evidenced by bonds, debentures, notes or similar instruments, (c) all obligations of
such Person upon which interest charges are customarily paid, (d) all obligations of such Person
under conditional sale or other title retention agreements relating to property acquired by such
Person, (e) all obligations of such Person in respect of the deferred purchase price of property or
services (excluding current accounts payable incurred in the ordinary course of business), (f) all
Indebtedness of others secured by (or for which the holder of such

-9-

 

Indebtedness has an existing right, contingent or otherwise, to be secured by) any Lien on
property owned or acquired by such Person, whether or not the Indebtedness secured thereby has been
assumed, (g) all Guarantees by such Person of Indebtedness of others, (h) all Capital Lease
Obligations of such Person, (i) all obligations, contingent or otherwise, of such Person as an
account party in respect of letters of credit and letters of guaranty and (j) all obligations,
contingent or otherwise, of such Person in respect of bankers’ acceptances. The Indebtedness of
any Person shall include the Indebtedness of any other entity (including any partnership in which
such Person is a general partner) to the extent such Person is liable therefor as a result of such
Person’s ownership interest in or other relationship with such entity, except to the extent the
terms of such Indebtedness provide that such Person is not liable therefor.

          “Indemnified Taxes” means Taxes other than Excluded Taxes.

          “Interest Coverage Ratio” means the ratio of Consolidated EBITDA to Consolidated
Interest Expense, in each case, for the immediately preceding four (4) fiscal quarters.

          “Interest Election Request” means a request by the Borrower to convert or continue a
Revolving Borrowing in accordance with Section 2.08.

          “Interest Payment Date” means (a) with respect to any CBFR Loan (other than a
Swingline Loan), the last day of each March, June, September and December, (b) with respect to any
Eurodollar Loan, the last day of the Interest Period applicable to the Borrowing of which such Loan
is a part and, in the case of a Eurodollar Borrowing with an Interest Period of more than three
months’ duration, each day prior to the last day of such Interest Period that occurs at intervals
of three months’ duration after the first day of such Interest Period, and (c) with respect to any
Swingline Loan, the day that such Loan is required to be repaid.

          “Interest Period” means, with respect to any Eurodollar Borrowing, the period
commencing on the date of such Borrowing and ending on the numerically corresponding day in the
calendar month that is one, two, three or six months thereafter, as the Borrower may elect;
provided, that (i) if any Interest Period would end on a day other than a Business Day,
such Interest Period shall be extended to the next succeeding Business Day unless, in the case of a
Eurodollar Borrowing only, such next succeeding Business Day would fall in the next calendar month,
in which case such Interest Period shall end on the next preceding Business Day and (ii) any
Interest Period that commences on the last Business Day of a calendar month (or on a day for which
there is no numerically corresponding day in the last calendar month of such Interest Period) shall
end on the last Business Day of the last calendar month of such Interest Period. For purposes
hereof, the date of a Borrowing initially shall be the date on which such Borrowing is made and
thereafter shall be the effective date of the most recent conversion or continuation of such
Borrowing.

          “Issuing Bank” means JPMorgan Chase Bank, N.A. and any Lender that is an issuing bank
with respect to those Letters of Credit described in Section 2.06(k) hereof, each in its
capacity as the issuer of Letters of Credit hereunder, and their successors in such capacity as
provided in Section 2.06(i). The Issuing Bank may, in its discretion, arrange for one or
more

-10-

 

Letters of Credit to be issued by Affiliates of the Issuing Bank, in which case the term
“Issuing Bank” shall include any such Affiliate with respect to Letters of Credit issued by such
Affiliate.

          “LC Disbursement” means a payment made by the Issuing Bank pursuant to a Letter of
Credit.

          “LC Exposure” means, at any time, the sum of (a) the aggregate undrawn amount of all
outstanding Letters of Credit at such time plus (b) the aggregate amount of all LC Disbursements
that have not yet been reimbursed by or on behalf of the Borrower at such time. The LC Exposure of
any Lender at any time shall be its Applicable Percentage of the total LC Exposure at such time.

          “Lenders” means the Persons listed on Schedule 2.01 and any other Person that
shall have become a party hereto pursuant to an Assignment and Assumption, other than any such
Person that ceases to be a party hereto pursuant to an Assignment and Assumption. Unless the
context otherwise requires, the term “Lenders” includes the Swingline Lender.

          “Letter of Credit” means any letter of credit issued pursuant to this Agreement.

          “Leverage Ratio” means, on any date, the ratio of (a) the difference of (1) Total Debt
minus (2) all unrestricted cash on hand of said Persons in excess of $25,000,000 to (b)
Consolidated EBITDA for the immediately preceding four (4) fiscal quarters.

          “LIBO Rate” means, with respect to any Eurodollar Borrowing for any Interest Period,
the rate appearing on Reuters Screen LIBOR1 Page (or on any successor or substitute page of such
service, or any successor to or substitute for such service, providing rate quotations comparable
to those currently provided on such page of such service, as determined by the Administrative Agent
from time to time for purposes of providing quotations of interest rates applicable to dollar
deposits in the London interbank market) at approximately 11:00 a.m., London time, two Business
Days prior to the commencement of such Interest Period, as the rate for dollar deposits with a
maturity comparable to such Interest Period. In the event that such rate is not available at such
time for any reason, then the “LIBO Rate” with respect to such Eurodollar Borrowing for
such Interest Period shall be the rate rounded upwards, if necessary, to the next 1/100 of 1% at
which dollar deposits of $5,000,000 and for a maturity comparable to such Interest Period are
offered by the principal London office of the Administrative Agent in immediately available funds
in the London interbank market at approximately 11:00 a.m., London time, two Business Days prior to
the commencement of such Interest Period.

          “Lien” means, with respect to any asset, (a) any mortgage, deed of trust, lien,
pledge, hypothecation, encumbrance, charge or security interest in, on or of such asset, (b) the
interest of a vendor or a lessor under any conditional sale agreement, capital lease or title
retention agreement (or any financing lease having substantially the same economic effect as any of
the foregoing) relating to such asset and (c) in the case of securities, any purchase option, call
or similar right of a third party with respect to such securities.

          “Loan Documents” means this Agreement, the Notes, the Guarantee Agreement and any
other documents executed in connection herewith or therewith.

-11-

 

          “Loan Parties” means the Borrower and the Guarantors.

          “Loans” means the Revolving Loans and the Swingline Loans.

          “Marketed EBITDA” means the trailing 12-month EBITDA figure disclosed to potential
buyers preceding the sale of an operation or a Subsidiary.

          “Material Adverse Effect” means a material adverse effect on (a) the business, assets,
operations, prospects or condition, financial or otherwise, of the Borrower and the Subsidiaries
taken as a whole, (b) the ability of the Borrower to perform any of its obligations under this
Agreement or (c) the rights of or benefits available to the Lenders under this Agreement.

          “Material Indebtedness” means Indebtedness (other than the Loans and Letters of
Credit), or obligations in respect of one or more Swap Agreements, of any one or more of the
Borrower and the Subsidiaries in an aggregate principal amount exceeding $15,000,000. For purposes
of determining Material Indebtedness, the “principal amount” of the obligations of the Borrower or
any Subsidiary in respect of any Swap Agreement at any time shall be the maximum aggregate amount
(giving effect to any netting agreements) that the Borrower or such Subsidiary would be required to
pay if such Swap Agreement were terminated at such time.

          “Maturity Date” means the fifth anniversary of the Effective Date.

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

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

          “Non-Guarantors” means the Foreign Subsidiaries and the Excluded Subsidiaries, except
such Subsidiaries (if any) that are Guarantors.

          “Note” means the promissory notes substantially in the form of Exhibit 1.01B
executed by the Borrower to the order of a Lender, partially evidencing the Obligations.

          “Obligations” means all of the Borrower’s obligations and duties under this Agreement
and each of the other Loan Documents.

          “Other Taxes” means any and all present or future stamp or documentary taxes or any
other excise or property taxes, charges or similar levies arising from any payment made hereunder
or from the execution, delivery or enforcement of, or otherwise with respect to, this Agreement.

          “Participant” has the meaning set forth in Section 9.04.

          “PBGC” means the Pension Benefit Guaranty Corporation referred to and defined in ERISA
and any successor entity performing similar functions.

-12-

 

          “Permitted Acquisition” means any acquisition (by merger or otherwise) by the
Borrower or a Subsidiary of all or substantially all the assets of, or all the Equity Interests in,
a Person or division or line of business of a Person, if (a) immediately after giving effect
thereto, no Default has occurred and is continuing or would result therefrom, (b) the business of
such acquired Person, or such acquired business, is reasonably related to the business of the
Borrower on the Effective Date, (c) the requirements of Section 5.10 shall have been
satisfied within the time periods specified therein, (d) the Borrower and the Subsidiaries are in
compliance, on a pro forma basis after giving effect to such acquisition, with Section
6.12(b), as if such acquisition had occurred on the first day of the relevant period for
testing compliance with such Section, (e) the Leverage Ratio, calculated on a pro forma basis after
giving effect to such acquisition, is no greater than 3.75 to 1.00, except in the case of the six
month period following the consummation of any Qualified Acquisition in which case the Leverage
Ratio shall be no greater than 4.00 to l.00, (f) such acquisition has been approved by all
necessary corporate and other action by the Person so acquired or the Person selling the assets or
other property so acquired by the Borrower or such Subsidiary and (g) in the case of any
acquisition in which the aggregate consideration paid by the Borrower and the Subsidiaries exceeds
$20,000,000, the Borrower has delivered to the Administrative Agent an officer’s certificate to the
effect set forth in clauses (a), (b), (c), (d), (e) and (f) above, together with all financial
information reasonably requested by the Administrative Agent relating to the Person or assets
acquired and reasonably detailed calculations demonstrating satisfaction of the requirements set
forth in clauses (d) and (e) above.

          “Permitted Encumbrances” means:

          (a) liens imposed by law for taxes that are not yet due or are being contested in good faith,
with adequate reserves, and the failure of such contest could not reasonably be expected to result
in a Material Adverse Effect;

          (b) carriers’, warehousemen’s, mechanics’, materialmen’s, repairmen’s and other like liens
imposed by law, arising in the ordinary course of business and securing obligations that are not
overdue by more than 30 days or are being contested in good faith, with adequate reserves and the
failure of such contest could not reasonably be expected to result in a Material Adverse Effect;

          (c) pledges and deposits made in the ordinary course of business in compliance with workers’
compensation, unemployment insurance and other social security laws or regulations;

          (d) deposits to secure the performance of bids, trade contracts, leases, statutory
obligations, surety and appeal bonds, performance bonds and other obligations of a like nature, in
each case in the ordinary course of business;

          (e) judgment liens in respect of judgments that do not constitute an Event of Default; and

          (f) easements, zoning restrictions, rights-of-way and similar encumbrances on real property
imposed by law or arising in the ordinary course of business that do not secure any

-13-

 

monetary obligations and do not materially detract from the value of the affected property or
interfere with the ordinary conduct of business of the Borrower or any Subsidiary;

provided that the term “Permitted Encumbrances” shall not include any lien securing
Indebtedness.

          “Permitted Investments” means:

          (a) direct obligations of, or obligations the principal of and interest on which are
unconditionally guaranteed by, the United States of America or Canada (or by any agency thereof to
the extent such obligations are backed by the full faith and credit of the United States of America
or Canada), in each case maturing within one year from the date of acquisition thereof;

          (b) investments in commercial paper maturing within 270 days from the date of acquisition
thereof and having, at such date of acquisition, a rating of A2 or better by S&P, P2 or better by
Moody’s, or R1 “mid” or better by The Dominion Bond Rating Service;

          (c) investments in certificates of deposit, banker’s acceptances and time deposits (including
eurodollar deposits) maturing within 180 days from the date of acquisition thereof issued or
guaranteed by or placed with, and money market deposit accounts issued or offered by, any Lender or
any domestic office of any commercial bank organized under the laws of the United States of America
or Canada or any State or Province thereof which has a combined capital and surplus and undivided
profits of not less than $500,000,000;

          (d) fully collateralized repurchase agreements with a term of not more than 30 days for
securities described in clause (a) above and entered into with a financial institution satisfying
the criteria described in clause (c) above;

          (e) money market funds that (i) comply with the criteria set forth in Securities and Exchange
Commission Rule 2a-7 under the Investment Company Act of 1940, (ii) are rated AAA by S&P or Aaa by
Moody’s and (iii) have portfolio assets of at least $5,000,000,000;

          (f) investments in corporate debt securities (including loan participations) that (a) mature
within 60 days from the date of acquisition, and (b) are rated BBB or better by S&P or Baa2 or
better by Moody’s at the date of acquisition;

          (g) investments in municipal securities or auction rate securities that are rated AA or better
by S&P or Aa or better by Moody’s, provided that the Borrower has the right to put such
securities back to the issuer or seller thereof at least once every 60 days; and

          (h) other investments in an amount not to exceed $10,000,000 in the aggregate at any one time
by Foreign Subsidiaries in certificates of deposit, banker’s acceptances and time deposits (or
other substantially similar investments) maturing within 180 days from the date of acquisition
thereof issued or guaranteed by or placed with, and money market deposit accounts (or other
substantially similar deposit accounts) issued or offered by, any foreign commercial bank not
organized under the laws of the United States of America or Canada or any state or province
thereof.

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          “Person” means any natural person, corporation, limited liability company, trust,
joint venture, association, company, partnership, Governmental Authority or other entity.

          “Plan” means any employee pension benefit plan (other than a Multiemployer Plan)
subject to the provisions of Title IV of ERISA or Section 412 of the Code or Section 302 of ERISA,
and in respect of which the Borrower or any ERISA Affiliate is (or, if such plan were terminated,
would under Section 4069 of ERISA be deemed to be) an “employer” as defined in Section 3(5) of
ERISA.

          “Prime Rate” means the rate of interest per annum publicly announced from time to time
by JPMorgan Chase Bank, N.A., as its prime rate in effect at its principal office in Houston,
Texas; each change in the Prime Rate shall be effective from and including the date such change is
publicly announced as being effective.

          “Pro Forma Divested EBITDA” means the total Marketed EBITDA from divested operations
included in Consolidated Operating Income in the preceding four quarters before consideration of
divestures.

          “Qualified Acquisition” means a Permitted Acquisition the cash consideration for which
is at least $100,000,000.

          “Register” has the meaning set forth in Section 9.04.

          “Related Parties” means, with respect to any specified Person, such Person’s
Affiliates and the respective directors, officers, employees, agents and advisors of such Person
and such Person’s Affiliates.

          “Required Lenders” means, at any time, Lenders holding more than 50% of the sum of the
total Commitments (or, if the Commitments have terminated or expired, the Credit Exposures) at such
time, as adjusted pursuant to Section 2.21.

          “Restricted Payment” means any dividend or other distribution (whether in cash,
securities or other property) with respect to any Equity Interests in the Borrower or any
Subsidiary, or any payment (whether in cash, securities or other property), including any sinking
fund or similar deposit, on account of the purchase, redemption, retirement, acquisition,
cancellation or termination of any such Equity Interests or any option, warrant or other right to
acquire any such Equity Interests.

          “Revolving Borrowing” means a Borrowing made pursuant to Section 2.02.

          “Revolving Loan” means a Loan made pursuant to Section 2.02.

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

          “Sale and Leaseback Transaction” means any arrangement whereby the Borrower or a
Subsidiary shall sell or transfer any property, real or personal, used or useful in its business,
whether now owned or hereinafter acquired, and thereafter rent or lease from the buyer or

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transferee of the sold or transferred property that it intends to use for substantially the same
purpose or purposes as the property sold or transferred.

          “Statutory Reserve Rate” means a fraction (expressed as a decimal), the numerator of
which is the number one and the denominator of which is the number one minus the aggregate of the
maximum reserve percentages (including any marginal, special, emergency or supplemental reserves)
expressed as a decimal established by the Board to which the Administrative Agent is subject with
respect to the Adjusted LIBO Rate, for eurocurrency funding (currently referred to as “Eurocurrency
Liabilities” in Regulation D of the Board). Such reserve percentages shall include those imposed
pursuant to such Regulation D. Eurodollar Loans shall be deemed to constitute eurocurrency funding
and to be subject to such reserve requirements without benefit of or credit for proration,
exemptions or offsets that may be available from time to time to any Lender under such Regulation D
or any comparable regulation. The Statutory Reserve Rate shall be adjusted automatically on and as
of the effective date of any change in any reserve percentage.

          “Subsidiary” means, with respect to any Person (the “parent”) at any date, any
corporation, limited liability company, partnership, association or other entity the accounts of
which would be consolidated with those of the parent in the parent’s consolidated financial
statements if such financial statements were prepared in accordance with GAAP as of such date, as
well as any other corporation, limited liability company, partnership, association or other entity
(a) of which securities or other ownership interests representing more than 50% of the equity or
more than 50% of the ordinary voting power or, in the case of a partnership, more than 50% of the
general partnership interests are, as of such date, owned, controlled or held, or (b) that is, as
of such date, otherwise Controlled, by the parent or one or more subsidiaries of the parent or by
the parent and one or more subsidiaries of the parent. Unless otherwise indicated, “Subsidiary”
shall mean a Subsidiary of the Borrower.

          “Swap Agreement” means any agreement with respect to any swap, forward, future or
derivative transaction or option or similar agreement involving, or settled by reference to, one or
more rates, currencies, commodities, equity or debt instruments or securities, or economic,
financial or pricing indices or measures of economic, financial or pricing risk or value or any
similar transaction or any combination of these transactions; provided that no phantom
stock or similar plan providing for payments only on account of services provided by current or
former directors, officers, employees or consultants of the Borrower or the Subsidiaries shall be a
Swap Agreement.

          “Swingline Exposure” means, at any time, the aggregate principal amount of all
Swingline Loans outstanding at such time. The Swingline Exposure of any Lender at any time shall
be its Applicable Percentage of the total Swingline Exposure at such time.

          “Swingline Lender” means JPMorgan Chase Bank, N.A., in its capacity as lender of
Swingline Loans hereunder.

          “Swingline Loan” means a Loan made pursuant to Section 2.05.

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          “Taxes” means any and all present or future taxes, levies, imposts, duties,
deductions, charges or withholdings imposed by any Governmental Authority.

          “Total Debt” means the consolidated total Indebtedness of the Borrower and the
Subsidiaries.

          “Transactions” means the execution, delivery and performance by the Borrower of this
Agreement, the borrowing of Loans, the use of the proceeds thereof and the issuance of Letters of
Credit hereunder.

          “Transportation Equipment Transactions” has the meaning assigned such term in
Section 6.01(e).

          “Type”, when used in reference to any Loan or Borrowing, refers to whether the rate of
interest on such Loan, or on the Loans comprising such Borrowing, is determined by reference to the
Adjusted LIBO Rate or the CB Floating Rate.

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

          Section 1.02 Classification of Loans and Borrowings. For purposes of this Agreement, Loans may be
classified and referred to by Type (e.g., a “Eurodollar Loan”). Borrowings also may be
classified and referred to by Type (e.g., a “Eurodollar Borrowing”).

          Section 1.03 Terms Generally. The definitions of terms herein shall apply equally to the singular
and plural forms of the terms defined. Whenever the context may require, any pronoun shall include
the corresponding masculine, feminine and neuter forms. The words “include”, “includes” and
“including” shall be deemed to be followed by the phrase “without limitation”. The word “will”
shall be construed to have the same meaning and effect as the word “shall”. Unless the context
requires otherwise (a) any definition of or reference to any agreement, instrument or other
document herein shall be construed as referring to such agreement, instrument or other document as
from time to time amended, supplemented or otherwise modified (subject to any restrictions on such
amendments, supplements or modifications set forth herein), (b) any reference herein to any Person
shall be construed to include such Person’s successors and assigns, (c) the words “herein”,
“hereof” and “hereunder”, and words of similar import, shall be construed to refer to this
Agreement in its entirety and not to any particular provision hereof, (d) all references herein to
Articles, Sections, Exhibits and Schedules shall be construed to refer to Articles and Sections of,
and Exhibits and Schedules to, this Agreement and (e) the words “asset” and “property” shall be
construed to have the same meaning and effect and to refer to any and all tangible and intangible
assets and properties, including cash, securities, accounts and contract rights.

          Section 1.04 Accounting Terms; GAAP. Except as otherwise expressly provided herein, all terms of
an accounting or financial nature shall be construed in accordance with GAAP, as in effect from
time to time; provided that, if the Borrower notifies the Administrative Agent that the
Borrower requests an amendment to any provision hereof to eliminate the effect of any change
occurring after the Effective Date in GAAP or in the

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application thereof on the operation of such provision (or if the Administrative Agent
notifies the Borrower that the Required Lenders request an amendment to any provision hereof for
such purpose), regardless of whether any such notice is given before or after such change in GAAP
or in the application thereof, then such provision shall be interpreted on the basis of GAAP as in
effect and applied immediately before such change shall have become effective until such notice
shall have been withdrawn or such provision amended in accordance herewith. Notwithstanding the
foregoing, for purposes of determining compliance with any covenant (including the computation of
any financial covenant) contained herein, Indebtedness of the Borrower and the Subsidiaries shall
be deemed to be carried at 100% of the outstanding principal amount thereof, and the effects of
FASB ASC 825 and FASB ASC 470-20 on financial liabilities shall be disregarded.

ARTICLE II

The Credits

          Section 2.01 Commitments. Subject to the terms and conditions set forth herein, each Lender agrees
to make Revolving Loans to the Borrower from time to time during the Availability Period in an
aggregate principal amount that will not result in (a) such Lender’s Credit Exposure exceeding such
Lender’s Commitment as set forth on Schedule 2.01 or (b) the sum of the total Credit
Exposures exceeding the total Commitments. Within the foregoing limits and subject to the terms
and conditions set forth herein, the Borrower may borrow, prepay and reborrow Revolving Loans.

          Section 2.02 Revolving Loans and Borrowings.

          (a) Each Revolving Loan shall be made as part of a Borrowing consisting of Loans made by the
Lenders ratably in accordance with their respective Commitments. The failure of any Lender to make
any Loan required to be made by it shall not relieve any other Lender of its obligations hereunder;
provided that the Commitments of the Lenders are several and no Lender shall be responsible
for any other Lender’s failure to make Loans as required.

          (b) Subject to Section 2.14, each Revolving Borrowing shall be comprised entirely of
CBFR Loans or Eurodollar Loans as the Borrower may request in accordance herewith; provided
that all new Borrowings made on the Effective Date or conversions of existing CBFR Loans must be
made as CBFR Borrowings, unless the Borrower shall have notified the Administrative Agent in
writing not later than 10:00 a.m., Houston time, three (3) Business Days before the Effective Date
of its election for the initial Borrowing to be a Eurodollar Borrowing. Each Swingline Loan shall
be a CBFR Loan. Each Lender at its option may make any Eurodollar Loan by causing any domestic or
foreign branch or Affiliate of such Lender to make such Revolving Loan; provided that any
exercise of such option shall not affect the obligation of the Borrower to repay such Revolving
Loan in accordance with the terms of this Agreement.

          (c) At the commencement of each Interest Period for any Eurodollar Revolving Borrowing, such
Borrowing shall be in an aggregate amount that is an integral multiple of $1,000,000 and not less
than $5,000,000. At the time that each CBFR Revolving

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Borrowing is made, such Borrowing shall be in an aggregate amount that is an integral multiple
of $1,000,000 and not less than $5,000,000; provided that a CBFR Revolving Borrowing may be
in an aggregate amount that is equal to the entire unused balance of the total Commitments or that
is required to finance the reimbursement of an LC Disbursement as contemplated by Section
2.06(e). Each Swingline Loan shall be in an amount that is an integral multiple of $100,000
and not less than $1,000,000. Borrowings of more than one Type may be outstanding at the same
time; provided that there shall not at any time be more than a total of 10 Eurodollar
Revolving Borrowings outstanding.

          (d) Notwithstanding any other provision of this Agreement, the Borrower shall not be entitled
to request, or to elect to convert or continue, any Revolving Borrowing if the Interest Period
requested with respect thereto would end after the Maturity Date.

          Section 2.03 Requests for Revolving Borrowings. To request a Revolving Borrowing, the Borrower
shall notify the Administrative Agent of such request by telephone (a) in the case of a Eurodollar
Borrowing, not later than 10:00 a.m., Houston time, three Business Days before the date of the
proposed Borrowing or (b) in the case of a CBFR Borrowing, not later than 11:00 a.m., Houston time,
on the date of the proposed Borrowing; provided that any such notice of a CBFR Borrowing to
finance the reimbursement of an LC Disbursement as contemplated by Section 2.06(e) may be
given not later than 10:00 a.m., Houston time, on the date of the proposed Borrowing. Each such
telephonic Borrowing Request shall be irrevocable and shall be confirmed promptly by hand delivery
or telecopy to the Administrative Agent of a written Borrowing Request. Each such telephonic and
written Borrowing Request shall specify the following information in compliance with Section
2.02:

(i) the aggregate amount of the requested Borrowing;

(ii) the date of such Borrowing, which shall be a Business Day;

(iii) whether such Borrowing is to be a CBFR Borrowing or a Eurodollar Borrowing;

(iv) in the case of a Eurodollar Borrowing, the initial Interest Period to be
applicable thereto, which shall be a period contemplated by the definition of the
term “Interest Period”; and

(v) the location and number of the Borrower’s account to which funds are to be
disbursed, which shall comply with the requirements of Section 2.07.

If no election as to the Type of Revolving Borrowing is specified, then the requested Revolving
Borrowing shall be a CBFR Borrowing. If no Interest Period is specified with respect to any
requested Eurodollar Borrowing, then the Borrower shall be deemed to have selected an Interest
Period of one month’s duration. Promptly following receipt of a Borrowing Request in accordance
with this Section, the Administrative Agent shall advise each Lender of the details thereof and of
the amount of such Lender’s Loan to be made as part of the requested Borrowing.

          Section 2.04 Reserved.

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          Section 2.05 Swingline Loans.

          (a) Subject to the terms and conditions set forth herein, the Swingline Lender agrees to make
Swingline Loans to the Borrower from time to time during the Availability Period, in an aggregate
principal amount at any time outstanding that will not result in (i) the aggregate principal amount
of outstanding Swingline Loans exceeding $40,000,000 or (ii) the sum of the total Credit Exposures
exceeding the total Commitments; provided that the Swingline Lender shall not be required
to make a Swingline Loan to refinance an outstanding Swingline Loan. Within the foregoing limits
and subject to the terms and conditions set forth herein, the Borrower may borrow, prepay and
reborrow Swingline Loans.

          (b) To request a Swingline Loan, the Borrower shall notify the Administrative Agent of such
request by telephone (confirmed by telecopy), not later than 3:00 p.m., Houston time, on the day of
a proposed Swingline Loan. Each such notice shall be irrevocable and shall specify the requested
date (which shall be a Business Day) and amount of the requested Swingline Loan. The
Administrative Agent will promptly advise the Swingline Lender of any such notice received from the
Borrower. The Swingline Lender shall make each Swingline Loan available to the Borrower by means
of a credit to the general deposit account of the Borrower with the Swingline Lender (or, in the
case of a Swingline Loan made to finance the reimbursement of an LC Disbursement as provided in
Section 2.06(e), by remittance to the Issuing Bank) by 4:00 p.m., Houston time, on the
requested date of such Swingline Loan.

          (c) The Swingline Lender may by written notice given to the Administrative Agent not later
than 10:00 a.m., Houston time, on any Business Day require the Lenders to acquire participations on
such Business Day in all or a portion of the Swingline Loans outstanding. Such notice shall
specify the aggregate amount of Swingline Loans in which Lenders will participate. Promptly upon
receipt of such notice, the Administrative Agent will give notice thereof to each Lender,
specifying in such notice such Lender’s Applicable Percentage of such Swingline Loan or Loans.
Each Lender hereby absolutely and unconditionally agrees, upon receipt of notice as provided above,
to pay to the Administrative Agent, for the account of the Swingline Lender, such Lender’s
Applicable Percentage of such Swingline Loan or Loans. Each Lender acknowledges and agrees that
its obligation to acquire participations in Swingline Loans pursuant to this paragraph is absolute
and unconditional and shall not be affected by any circumstance whatsoever, including the
occurrence and continuance of a Default or reduction or termination of the Commitments, and that
each such payment shall be made without any offset, abatement, withholding or reduction whatsoever.
Each Lender shall comply with its obligation under this paragraph by wire transfer of immediately
available funds, in the same manner as provided in Section 2.07 with respect to Loans made
by such Lender (and Section 2.07 shall apply, mutatis mutandis, to the payment obligations
of the Lenders), and the Administrative Agent shall promptly pay to the Swingline Lender the
amounts so received by it from the Lenders. The Administrative Agent shall notify the Borrower of
any participations in any Swingline Loan acquired pursuant to this paragraph, and thereafter
payments in respect of such Swingline Loan shall be made to the Administrative Agent and not to the
Swingline Lender. Any amounts received by the Swingline Lender from the Borrower (or other party on behalf of
the Borrower) in respect of a Swingline Loan after receipt by the Swingline Lender of the proceeds
of a sale of participations therein shall be promptly remitted to the Administrative Agent; any
such amounts received by the Administrative Agent shall be promptly remitted by the

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Administrative Agent to the Lenders that shall have made their payments pursuant to this paragraph
and to the Swingline Lender, as their interests may appear; provided that any such payment
so remitted shall be repaid to the Swingline Lender or to the Administrative Agent, as applicable,
if and to the extent such payment is required to be refunded to the Borrower for any reason. The
purchase of participations in a Swingline Loan pursuant to this paragraph shall not relieve the
Borrower of any default in the payment thereof.

          Section 2.06 Letters of Credit.

          (a) General. Subject to the terms and conditions set forth herein, the Borrower may
request the issuance of Letters of Credit for its own account, in a form reasonably acceptable to
the Administrative Agent and the Issuing Bank, at any time and from time to time during the
Availability Period. In the event of any inconsistency between the terms and conditions of this
Agreement and the terms and conditions of any form of letter of credit application or other
agreement submitted by the Borrower to, or entered into by the Borrower with, the Issuing Bank
relating to any Letter of Credit, the terms and conditions of this Agreement shall control.

          (b) Notice of Issuance, Amendment, Renewal, Extension; Certain Conditions. To request
the issuance of a Letter of Credit (or the amendment, renewal or extension of an outstanding Letter
of Credit), the Borrower shall hand deliver or telecopy (or transmit by electronic communication,
if arrangements for doing so have been approved by the Issuing Bank) to the Issuing Bank and the
Administrative Agent (reasonably in advance of the requested date of issuance, amendment, renewal
or extension) a notice requesting the issuance of a Letter of Credit, or identifying the Letter of
Credit to be amended, renewed or extended, and specifying the date of issuance, amendment, renewal
or extension (which shall be a Business Day), the date on which such Letter of Credit is to expire
(which shall comply with paragraph (c) of this Section), the amount of such Letter of Credit, the
name and address of the beneficiary thereof and such other information as shall be necessary to
prepare, amend, renew or extend such Letter of Credit. If requested by the Issuing Bank, the
Borrower also shall submit a letter of credit application on the Issuing Bank’s standard form in
connection with any request for a Letter of Credit; provided that (a) in the event of any
conflict between such application and this Agreement, this Agreement shall control, and (b) any
grant of a Lien contained in such application shall be ineffective so long as this Agreement
remains in place. A Letter of Credit shall be issued, amended, renewed or extended only if (and
upon issuance, amendment, renewal or extension of each Letter of Credit the Borrower shall be
deemed to represent and warrant that), after giving effect to such issuance, amendment, renewal or
extension (i) the LC Exposure shall not exceed $175,000,000 and (ii) the total Credit Exposures
shall not exceed the total Commitments.

          (c) Expiration Date. Each Letter of Credit shall expire at or prior to the close of
business on the earlier of (i) the date one year after the date of the issuance of such Letter of
Credit (or, in the case of any renewal or extension thereof, one year after such renewal or
extension) and (ii) the date that is five Business Days prior to the Maturity Date
provided, a Letter of Credit may provide for a later expiration date if, simultaneously with the issuance
(or if applicable, the renewal) thereof, the Borrower pledges to the Issuing Bank, in a manner

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reasonably satisfactory to it, funds in an account with the Issuing Bank equal to 105% of the face
amount of such Letter of Credit.

          (d) Participations. By the issuance of a Letter of Credit (or an amendment to a
Letter of Credit increasing the amount thereof) and without any further action on the part of the
Issuing Bank or the Lenders, the Issuing Bank hereby grants to each Lender, and each Lender hereby
acquires from the Issuing Bank, a participation in such Letter of Credit equal to such Lender’s
Applicable Percentage of the aggregate amount available to be drawn under such Letter of Credit.
In consideration and in furtherance of the foregoing, each Lender hereby absolutely and
unconditionally agrees to pay to the Administrative Agent, for the account of the Issuing Bank,
such Lender’s Applicable Percentage of each LC Disbursement made by the Issuing Bank and not
reimbursed by the Borrower on the date due as provided in paragraph (e) of this Section, or of any
reimbursement payment required to be refunded to the Borrower for any reason. Each Lender
acknowledges and agrees that its obligation to acquire participations pursuant to this paragraph in
respect of Letters of Credit is absolute and unconditional and shall not be affected by any
circumstance whatsoever, including any amendment, renewal or extension of any Letter of Credit or
the occurrence and continuance of a Default or reduction or termination of the Commitments, and
that each such payment shall be made without any offset, abatement, withholding or reduction
whatsoever.

          (e) Reimbursement. If the Issuing Bank shall make any LC Disbursement in respect of a
Letter of Credit, the Borrower shall reimburse such LC Disbursement by paying to the Administrative
Agent an amount equal to such LC Disbursement not later than 11:00 a.m., Houston time, on the date
that such LC Disbursement is made, if the Borrower shall have received notice of such LC
Disbursement prior to 9:00 a.m., Houston time, on such date, or, if such notice has not been
received by the Borrower prior to such time on such date, then not later than 11:00 a.m., Houston
time, on (i) the Business Day that the Borrower receives such notice, if such notice is received
prior to 9:00 a.m., Houston time, on the day of receipt, or (ii) the Business Day immediately
following the day that the Borrower receives such notice, if such notice is not received prior to
such time on the day of receipt; provided that, if such LC Disbursement is not less than
$1,000,000, the Borrower may, subject to the conditions to borrowing set forth herein, request in
accordance with Section 2.03 or Section 2.05 that such payment be financed with a
CBFR Revolving Borrowing or Swingline Loan in an equivalent amount and, to the extent so financed,
the Borrower’s obligation to make such payment shall be discharged and replaced by the resulting
CBFR Revolving Borrowing or Swingline Loan. If the Borrower fails to make such payment when due,
the Administrative Agent shall notify each Lender of the applicable LC Disbursement, the payment
then due from the Borrower in respect thereof and such Lender’s Applicable Percentage thereof.
Promptly following receipt of such notice, each Lender shall pay to the Administrative Agent its
Applicable Percentage of the payment then due from the Borrower, in the same manner as provided in
Section 2.07 with respect to Loans made by such Lender (and Section 2.07 shall
apply, mutatis mutandis, to the payment obligations of the Lenders), and the Administrative Agent
shall promptly pay to the Issuing Bank the amounts so received by it from the Lenders. Promptly
following receipt by the Administrative Agent of any payment from the Borrower pursuant to this
paragraph, the Administrative Agent shall distribute such payment to the Issuing Bank or, to the
extent that Lenders have made payments pursuant to this paragraph to reimburse the Issuing Bank, then to
such Lenders and the Issuing Bank as their interests may appear. Any payment made by a

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Lender pursuant to this paragraph to reimburse the Issuing Bank for any LC Disbursement (other than
the funding of CBFR Revolving Loans or a Swingline Loan as contemplated above) shall not constitute
a Loan and shall not relieve the Borrower of its obligation to reimburse such LC Disbursement.

          (f) Obligations Absolute. The Borrower’s obligation to reimburse LC Disbursements as
provided in paragraph (e) of this Section shall be absolute, unconditional and irrevocable, and
shall be performed strictly in accordance with the terms of this Agreement under any and all
circumstances whatsoever and irrespective of (i) any lack of validity or enforceability of any
Letter of Credit or this Agreement, or any term or provision therein, (ii) any draft or other
document presented under a Letter of Credit proving to be forged, fraudulent or invalid in any
respect or any statement therein being untrue or inaccurate in any respect, (iii) payment by the
Issuing Bank under a Letter of Credit against presentation of a draft or other document that does
not comply with the terms of such Letter of Credit, or (iv) any other event or circumstance
whatsoever, whether or not similar to any of the foregoing, that might, but for the provisions of
this Section, constitute a legal or equitable discharge of, or provide a right of setoff against,
the Borrower’s obligations hereunder. Neither the Administrative Agent, the Lenders nor the
Issuing Bank, nor any of their Related Parties, shall have any liability or responsibility by
reason of or in connection with the issuance or transfer of any Letter of Credit or any payment or
failure to make any payment thereunder (irrespective of any of the circumstances referred to in the
preceding sentence), or any error, omission, interruption, loss or delay in transmission or
delivery of any draft, notice or other communication under or relating to any Letter of Credit
(including any document required to make a drawing thereunder), any error in interpretation of
technical terms or any consequence arising from causes beyond the control of the Issuing Bank;
provided that the foregoing shall not be construed to excuse the Issuing Bank from
liability to the Borrower to the extent of any direct damages (as opposed to consequential damages,
claims in respect of which are hereby waived by the Borrower to the extent permitted by applicable
law) suffered by the Borrower that are caused by the Issuing Bank’s failure to exercise care when
determining whether drafts and other documents presented under a Letter of Credit comply with the
terms thereof. The parties hereto expressly agree that, in the absence of negligence or willful
misconduct on the part of the Issuing Bank (as finally determined by a court of competent
jurisdiction), the Issuing Bank shall be deemed to have exercised care in each such determination.
In furtherance of the foregoing and without limiting the generality thereof, the parties agree
that, with respect to documents presented which appear on their face to be in substantial
compliance with the terms of a Letter of Credit, the Issuing Bank may, in its sole discretion,
either accept and make payment upon such documents without responsibility for further
investigation, regardless of any notice or information to the contrary, or refuse to accept and
make payment upon such documents if such documents are not in strict compliance with the terms of
such Letter of Credit.

          (g) Disbursement Procedures. The Issuing Bank shall, promptly following its receipt
thereof, examine all documents purporting to represent a demand for payment under a Letter of
Credit. The Issuing Bank shall promptly notify the Administrative Agent and the Borrower by
telephone (confirmed electronically or by telecopy) of such demand for payment and whether the
Issuing Bank has made or will make an LC Disbursement thereunder; provided that any failure
to give or delay in giving such notice shall not relieve the Borrower of its

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obligation to reimburse the Issuing Bank and the Lenders with respect to any such LC Disbursement.

          (h) Interim Interest. If the Issuing Bank shall make any LC Disbursement, then,
unless the Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement
is made, the unpaid amount thereof shall bear interest, for each day from and including the date
such LC Disbursement is made to but excluding the date that the Borrower reimburses such LC
Disbursement, at the rate per annum then applicable to CBFR Revolving Loans; provided that,
if the Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (e) of this
Section, then Section 2.13(d) shall apply. Interest accrued pursuant to this paragraph
shall be for the account of the Issuing Bank, except that interest accrued on and after the date of
payment by any Lender pursuant to paragraph (e) of this Section to reimburse the Issuing Bank shall
be for the account of such Lender to the extent of such payment.

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

          (j) Cash Collateralization. If any Event of Default shall occur and be continuing, on
the Business Day that the Borrower receives notice from the Administrative Agent or the Lenders
holding at least fifty percent (50%) of the Commitments (or, if the maturity of the Loans has been
accelerated, Lenders with LC Exposure representing greater than 25% of the total LC Exposure)
demanding the deposit of cash collateral pursuant to this paragraph, the Borrower shall deposit in
an account with the Administrative Agent, in the name of the Administrative Agent and for the
benefit of the Lenders, an amount in cash equal to the LC Exposure as of such date plus any accrued
and unpaid interest thereon; provided that the obligation to deposit such cash collateral
shall become effective immediately, and such deposit shall become immediately due and payable,
without demand or other notice of any kind, upon the occurrence of any Event of Default with
respect to the Borrower described in clause (h) or (i) of ARTICLE VII. Such deposit shall
be held by the Administrative Agent as collateral for the payment and performance of the
obligations of the Borrower under this Agreement. The Administrative Agent shall have exclusive
dominion and control, including the exclusive right of withdrawal, over such account. Other than
any interest earned on the investment of such deposits, which investments shall be made at the
option and sole discretion of the Administrative Agent and at the Borrower’s risk and expense, such
deposits shall not bear interest. Interest or

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profits, if any, on such investments shall accumulate in such account. Moneys in such account
shall be applied by the Administrative Agent to reimburse the Issuing Bank for LC Disbursements for
which it has not been reimbursed and, to the extent not so applied, shall be held for the
satisfaction of the reimbursement obligations of the Borrower for the LC Exposure at such time or,
if the maturity of the Loans has been accelerated (but subject to the consent of Lenders with LC
Exposure representing greater than 25% of the total LC Exposure), be applied to satisfy other
obligations of the Borrower to the Lenders under this Agreement. If the Borrower is required to
provide an amount of cash collateral hereunder as a result of the occurrence of an Event of
Default, such amount (to the extent not applied as aforesaid) shall be returned to the Borrower
within three Business Days after all Events of Default have been cured or waived.

          (k) Existing Letters of Credit. The letters of credit described on Schedule
2.06(k) will for all purposes be considered Letters of Credit under this Credit Agreement.

          Section 2.07 Funding of Borrowings.

          (a) Each Lender shall make each Loan to be made by it hereunder on the proposed date thereof
by wire transfer of immediately available funds by 2:00 p.m., Houston time, to the account of the
Administrative Agent most recently designated by it for such purpose by notice to the Lenders;
provided that Swingline Loans shall be made as provided in Section 2.05. The
Administrative Agent will make such Loans available to the Borrower by promptly crediting the
amounts so received, in like funds, to an account of the Borrower maintained with the
Administrative Agent in Houston and designated by the Borrower in the applicable Borrowing Request;
provided that CBFR Revolving Loans made to finance the reimbursement of an LC Disbursement
as provided in Section 2.06(e) shall be remitted by the Administrative Agent to the Issuing
Bank.

          (b) Unless the Administrative Agent shall have received notice from a Lender prior to the
proposed date of any Borrowing that such Lender will not make available to the Administrative Agent
such Lender’s share of such Borrowing, the Administrative Agent may assume that such Lender has
made such share available on such date in accordance with paragraph (a) of this Section and may, in
reliance upon such assumption, make available to the Borrower a corresponding amount. In such
event, if a Lender has not in fact made its share of the applicable Borrowing available to the
Administrative Agent, then the applicable Lender and the Borrower severally agree to pay to the
Administrative Agent forthwith on demand such corresponding amount with interest thereon, for each
day from and including the date such amount is made available to the Borrower to but excluding the
date of payment to the Administrative Agent, at (i) in the case of such Lender, the greater of the
Federal Funds Effective Rate and a rate determined by the Administrative Agent in accordance with
banking industry rules on interbank compensation or (ii) in the case of the Borrower, the interest
rate applicable to such Borrowing (without any obligation to pay any break funding payment under
Section 2.16 in connection with such payment). If such Lender pays such amount to the
Administrative Agent, then such amount shall constitute such Lender’s Loan included in such Borrowing. If the
Borrower pays such amount to the Administrative Agent, it shall not relieve the defaulting Lender
of its legal responsibility for its default.

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          Section 2.08 Interest Elections.

          (a) Each Borrowing initially shall be of the Type specified in the applicable Borrowing
Request and, in the case of a Eurodollar Borrowing, shall have an initial Interest Period as
specified in such Borrowing Request. Thereafter, the Borrower may elect to convert such Borrowing
to a different Type or to continue such Borrowing and, in the case of a Eurodollar Borrowing, may
elect Interest Periods therefor, all as provided in this Section. The Borrower may elect different
options with respect to different portions of the affected Borrowing, in which case each such
portion shall be allocated ratably among the Lenders holding the Loans comprising such Borrowing,
and the Loans comprising each such portion shall be considered a separate Borrowing. This Section
shall not apply to Swingline Borrowings, which may not be converted or continued.

          (b) To make an election pursuant to this Section, the Borrower shall notify the Administrative
Agent of such election by telephone by the time that a Borrowing Request would be required under
Section 2.03 if the Borrower were requesting a Revolving Borrowing of the Type resulting
from such election to be made on the effective date of such election. Each such telephonic
Interest Election Request shall be irrevocable and shall be confirmed promptly by hand delivery or
telecopy to the Administrative Agent of a written Interest Election Request in a form approved by
the Administrative Agent and signed by the Borrower.

          (c) Each telephonic and written Interest Election Request shall specify the following
information in compliance with Section 2.02:

(i) the Borrowing to which such Interest Election Request applies and, if different
options are being elected with respect to different portions thereof, the portions
thereof to be allocated to each resulting Borrowing (in which case the information
to be specified pursuant to clauses (iii) and (iv) below shall be specified for each
resulting Borrowing);

(ii) the effective date of the election made pursuant to such Interest Election
Request, which shall be a Business Day;

(iii) whether the resulting Borrowing is to be a CBFR Borrowing or a Eurodollar
Borrowing; and

(iv) if the resulting Borrowing is a Eurodollar Borrowing, the Interest Period to be
applicable thereto after giving effect to such election, which shall be a period
contemplated by the definition of the term “Interest Period”.

If any such Interest Election Request requests a Eurodollar Borrowing but does not specify an
Interest Period, then the Borrower shall be deemed to have selected an Interest Period of one
month’s duration.

          (d) Promptly following receipt of an Interest Election Request, the Administrative Agent shall
advise each Lender of the details thereof and of such Lender’s portion of each resulting Borrowing.

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          (e) If the Borrower fails to deliver a timely Interest Election Request with respect to a
Eurodollar Borrowing prior to the end of the Interest Period applicable thereto, then, unless such
Borrowing is repaid as provided herein, at the end of such Interest Period such Borrowing shall be
converted to a CBFR Borrowing. Notwithstanding any contrary provision hereof, if an Event of
Default has occurred and is continuing and the Administrative Agent, at the request of the Required
Lenders, so notifies the Borrower, then, so long as an Event of Default is continuing (i) no
outstanding Borrowing may be converted to or continued as a Eurodollar Borrowing and (ii) unless
repaid, each Eurodollar Borrowing shall be converted to a CBFR Borrowing at the end of the Interest
Period applicable thereto.

          Section 2.09 Termination and Reduction of Commitments.

          (a) Unless previously terminated, the Commitments shall terminate on the Maturity Date.

          (b) The Borrower may at any time terminate, or from time to time reduce, the Commitments;
provided that (i) each reduction of the Commitments shall be in an amount that is an
integral multiple of $1,000,000 and not less than $5,000,000 and (ii) the Borrower shall not
terminate or reduce the Commitments if, after giving effect to any concurrent prepayment of the
Revolving Loans in accordance with Section 2.11, the Credit Exposure would exceed the total
Commitments; provided that for purposes of this paragraph, the LC Exposure shall be deemed
to be zero if there exists either cash collateral equal to 105% of the LC Exposure or one or more
back-up letters of credit for the benefit of the Issuing Bank in form and substance and issued by
issuer(s) satisfactory to the Issuing Bank in its sole discretion. Upon the provision of such cash
collateral or back-up letters of credit and the payment in full of all Obligations, then the
Lenders shall be released from their obligations under Section 2.06(d), and all letter of
credit fees accruing after the termination of the Commitments shall be for the account of the
Issuing Bank.

          (c) The Borrower shall notify the Administrative Agent of any election to terminate or reduce
the Commitments under paragraph (b) of this Section at least three Business Days prior to the
effective date of such termination or reduction, specifying such election and the effective date
thereof. Promptly following receipt of any notice, the Administrative Agent shall advise the
Lenders of the contents thereof. Each notice delivered by the Borrower pursuant to this Section
shall be irrevocable; provided that a notice of termination of the Commitments delivered by
the Borrower may state that such notice is conditioned upon the effectiveness of other credit
facilities, in which case such notice may be revoked by the Borrower (by notice to the
Administrative Agent on or prior to the specified effective date) if such condition is not
satisfied. Any termination or reduction of the Commitments shall be permanent. Each reduction of
the Commitments shall be made ratably among the Lenders in accordance with their respective
Commitments.

          Section 2.10 Repayment of Loans; Evidence of Debt.

          (a) The Borrower hereby unconditionally promises to pay (i) to the Administrative Agent for
the account of each Lender the then-unpaid principal amount of each Revolving Loan on the Maturity
Date and (ii) subject to Section 2.05, to the Swingline Lender the then unpaid principal
amount of each Swingline Loan on the earlier of the Maturity Date and

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the first date after such Swingline Loan is made that is the 15th or last day of a calendar month
and is at least two Business Days after such Swingline Loan is made; provided that on each
date that a Revolving Borrowing is made, the Borrower shall repay all Swingline Loans then
outstanding.

          (b) Each Lender shall maintain in accordance with its usual practice a record evidencing the
indebtedness of the Borrower to such Lender resulting from each Loan made by such Lender, including
the amounts of principal and interest payable and paid to such Lender from time to time hereunder.

          (c) The Administrative Agent shall maintain records in which it shall record (i) the amount of
each Loan made hereunder, the Type thereof and the Interest Period applicable thereto, (ii) the
amount of any principal or interest due and payable or to become due and payable from the Borrower
to each Lender hereunder and (iii) the amount of any sum received by the Administrative Agent
hereunder for the account of the Lenders and each Lender’s share thereof.

          (d) The entries made in the records maintained pursuant to paragraph (b) or (c) of this
Section shall be prima facie evidence of the existence and amounts of the
obligations recorded therein; provided that the failure of any Lender or the Administrative
Agent to maintain such accounts or any error therein shall not in any manner affect the obligation
of the Borrower to repay the Loans in accordance with the terms of this Agreement.

          (e) Any Lender may request that Loans made by it be evidenced by a Note. In such event, the
Borrower shall prepare, execute and deliver to such Lender a Note payable to the order of such
Lender (or, if requested by such Lender, to such Lender and its registered assigns). Thereafter,
the Loans evidenced by such promissory note and interest thereon shall at all times (including
after assignment pursuant to Section 9.04) be represented by one or more promissory notes
in such form payable to the order of the payee named therein (or, if such promissory note is a
registered note, to such payee and its registered assigns).

          Section 2.11 Prepayment of Loans.

          (a) The Borrower shall have the right at any time and from time to time to prepay any
Revolving Borrowing in whole or in part, subject to prior notice in accordance with paragraph (b)
of this Section.

          (b) The Borrower shall notify the Administrative Agent (and, in the case of prepayment of a
Swingline Loan, the Swingline Lender) by telephone (confirmed by telecopy) of any prepayment
hereunder (i) in the case of prepayment of a Eurodollar Borrowing, not later than 11:00 a.m.,
Houston time, three Business Days before the date of prepayment, (ii) in the case of prepayment of
a CBFR Revolving Borrowing, not later than 11:00 a.m., Houston time, one Business Day before the
date of prepayment or (iii) in the case of prepayment of a Swingline Loan, not later than 12:00
noon, Houston time, on the date of prepayment. Each such notice shall be irrevocable and shall specify the prepayment date and the principal amount of each
Borrowing or portion thereof to be prepaid; provided that, if a notice of prepayment is
given in connection with a conditional notice of termination of the Commitments as contemplated by

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Section 2.09, then such notice of prepayment may be revoked if such notice of termination
is revoked in accordance with Section 2.09. Promptly following receipt of any such notice
relating to a Revolving Borrowing, the Administrative Agent shall advise the Lenders of the
contents thereof. Each partial prepayment of any Revolving Borrowing shall be in an amount that
would be permitted in the case of an advance of a Revolving Borrowing of the same Type as provided
in Section 2.02. Each prepayment of a Borrowing shall be applied ratably to the Loans
included in the prepaid Borrowing. Prepayments shall be accompanied by accrued interest to the
extent required by Section 2.13.

          Section 2.12 Fees.

          (a) The Borrower agrees to pay to the Administrative Agent for the account of each Lender a
commitment fee, which shall accrue at the Commitment Fee Rate described in the definition of
“Applicable Margin” on the daily undrawn amount of the Commitment of such Lender during the period
from and including the Effective Date to but excluding the date on which such Commitment
terminates. The face amount of any outstanding Letters of Credit shall be considered to be drawn
under the Commitment for purposes of calculating commitment fees. Accrued commitment fees shall be
payable in arrears on the last day of March, June, September and December of each year and on the
date on which the Commitments terminate, commencing on the first such date to occur after the
Effective Date. All commitment fees shall be computed on the basis of a year of 360 days and shall
be payable for the actual number of days elapsed (including the first day but excluding the last
day).

          (b) The Borrower agrees to pay (i) to the Administrative Agent for the account of each Lender
a participation fee with respect to its participations in Letters of Credit, which shall accrue at
the same Applicable Margin used to determine the interest rate applicable to Eurodollar Revolving
Loans on the average daily amount of such Lender’s LC Exposure (excluding any portion thereof
attributable to unreimbursed LC Disbursements) during the period from and including the Effective
Date to but excluding the later of the date on which such Lender’s Commitment terminates and the
date on which such Lender ceases to have any LC Exposure, and (ii) to the Issuing Bank a fronting
fee, which shall accrue at the rate of 0.125% per annum on the average daily amount of the LC
Exposure (excluding any portion thereof attributable to unreimbursed LC Disbursements) during the
period from and including the Effective Date to but excluding the later of the date of termination
of the Commitments and the date on which there ceases to be any LC Exposure, as well as the Issuing
Bank’s standard fees with respect to the issuance, amendment, renewal or extension of any Letter of
Credit or processing of drawings thereunder. Participation fees and fronting fees accrued through
and including the last day of March, June, September and December of each year shall be payable on
the third Business Day following such last day, commencing on the first such date to occur after
the Effective Date; provided that all such fees shall be payable on the date on which the
Commitments terminate and any such fees accruing after the date on which the Commitments terminate
shall be payable on demand. Any other fees payable to the Issuing Bank pursuant to this paragraph
shall be payable within 10 days after demand. All participation fees and fronting fees shall be computed on the basis of a year of 360 days and shall be payable for the actual
number of days elapsed (including the first day but excluding the last day).

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          (c) The Borrower agrees to pay to the Administrative Agent, for its own account, fees payable
in the amounts and at the times separately agreed upon between the Borrower and the Administrative
Agent.

          (d) All fees payable hereunder shall be paid on the dates due, in immediately available funds,
to the Administrative Agent (or to the Issuing Bank, in the case of fees payable to it) for
distribution, in the case of facility fees and participation fees, to the Lenders. Fees paid shall
not be refundable under any circumstances.

          Section 2.13 Interest.

          (a) The Loans comprising each CBFR Borrowing (including each Swingline Loan) shall bear
interest at the CB Floating Rate plus the Applicable Margin.

          (b) The Loans comprising each Eurodollar Borrowing shall bear interest at the Adjusted LIBO
Rate for the Interest Period in effect for such Borrowing plus the Applicable Margin.

          (c) Notwithstanding the foregoing, if any principal of or interest on any Loan or any fee or
other amount payable by the Borrower hereunder is not paid when due, whether at stated maturity,
upon acceleration or otherwise, such overdue amount shall bear interest, after as well as before
judgment, at a rate per annum equal to (i) in the case of overdue principal of any Loan, 2.0% plus
the rate otherwise applicable to such Loan as provided in the preceding paragraphs of this Section
or (ii) in the case of any other amount, 2.0% plus the rate applicable to CBFR Loans as provided in
paragraph (a) of this Section.

          (d) Accrued interest on each Loan shall be payable in arrears on each Interest Payment Date
for such Loan and upon termination of the Commitments; provided that (i) interest accrued
pursuant to paragraph (c) of this Section shall be payable on demand, (ii) in the event of any
repayment or prepayment of any Loan (other than a prepayment of a CBFR Revolving Loan prior to the
end of the Availability Period), accrued interest on the principal amount repaid or prepaid shall
be payable on the date of such repayment or prepayment and (iii) in the event of any conversion of
any Eurodollar Revolving Loan prior to the end of the current Interest Period therefor, accrued
interest on such Loan shall be payable on the effective date of such conversion.

          (e) All interest hereunder shall be computed on the basis of a year of 360 days, except that
interest computed by reference to the CB Floating Rate at times when the CB Floating Rate is based
on the Prime Rate shall be computed on the basis of a year of 365 days (or 366 days in a leap
year), and in each case shall be payable for the actual number of days elapsed (including the first
day but excluding the last day). The applicable CB Floating Rate, Adjusted LIBO Rate or LIBO Rate
shall be determined by the Administrative Agent, and such determination shall be conclusive absent
manifest error.

          Section 2.14
Alternate Rate of Interest. If prior to the commencement of any Interest Period for a Eurodollar Borrowing:

(i) the Administrative Agent determines (which determination shall be conclusive absent
manifest error) that adequate and reasonable means do not exist for

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ascertaining the Adjusted LIBO Rate or the LIBO Rate, as applicable, for such Interest
Period; or

     (ii) the Administrative Agent is advised by the Required Lenders that the Adjusted LIBO
Rate or the LIBO Rate, as applicable, for such Interest Period will not adequately and
fairly reflect the cost to such Lenders (or Lender) of making or maintaining their Loans (or
its Loan) included in such Borrowing for such Interest Period;

then the Administrative Agent shall give notice thereof to the Borrower and the Lenders by
telephone or telecopy as promptly as practicable thereafter and, until the Administrative Agent
notifies the Borrower and the Lenders that the circumstances giving rise to such notice no longer
exist, (i) any Interest Election Request that requests the conversion of any Revolving Borrowing
to, or continuation of any Revolving Borrowing as, a Eurodollar Borrowing shall be ineffective, and
(ii) any request for a new Eurodollar Borrowing shall be made as a CBFR Borrowing.

          Section 2.15 Increased Costs.

(a) If any Change in Law shall:

(i) impose, modify or deem applicable any reserve, special deposit or similar
requirement against assets of, deposits with or for the account of, or credit
extended by, any Lender (except any such reserve requirement reflected in the
Adjusted LIBO Rate) or the Issuing Bank; or

(ii) impose on any Lender or the Issuing Bank or the London interbank market any
other condition affecting this Agreement or Eurodollar Loans made by such Lender or
any Letter of Credit or participation therein;

and the result of any of the foregoing shall be to increase the cost to such Lender of making or
maintaining any Eurodollar Loan (or of maintaining its obligation to make any such Loan) or to
increase the cost to such Lender or the Issuing Bank of participating in, issuing or maintaining
any Letter of Credit or to reduce the amount of any sum received or receivable by such Lender or
the Issuing Bank hereunder (whether of principal, interest or otherwise), then the Borrower will
pay to such Lender or the Issuing Bank, as the case may be, such additional amount or amounts as
will compensate such Lender or the Issuing Bank, as the case may be, or an after-tax basis for such
additional costs incurred or reduction suffered.

          (b) If any Lender or the Issuing Bank determines that any Change in Law regarding capital
requirements has or would have the effect of reducing the rate of return on such Lender’s or the
Issuing Bank’s capital or on the capital of such Lender’s or the Issuing Bank’s holding company, if
any, as a consequence of this Agreement or the Loans made by, or participations in Letters of
Credit held by, such Lender, or the Letters of Credit issued by the Issuing Bank, to a level below
that which such Lender or the Issuing Bank or such Lender’s or the Issuing Bank’s holding company
could have achieved but for such Change in Law (taking into consideration such Lender’s or the
Issuing Bank’s policies and the policies of such Lender’s
or the Issuing Bank’s holding company with respect to capital adequacy), then from time to
time the Borrower will pay to such Lender or the Issuing Bank, as the case may be, such additional

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amount or amounts as will compensate such Lender or the Issuing Bank or such Lender’s or the
Issuing Bank’s holding company on an after-tax basis for any such reduction suffered.

          (c) A certificate of a Lender or the Issuing Bank setting forth the amount or amounts
necessary to compensate such Lender or the Issuing Bank or its holding company, as the case may be,
as specified in paragraph (a) or (b) of this Section shall be delivered to the Borrower and shall
be conclusive absent manifest error. The Borrower shall pay such Lender or the Issuing Bank, as
the case may be, the amount shown as due on any such certificate within ten (10) days after receipt
thereof.

          (d) Failure or delay on the part of any Lender or the Issuing Bank to demand compensation
pursuant to this Section shall not constitute a waiver of such Lender’s or the Issuing Bank’s right
to demand such compensation; provided that the Borrower shall not be required to compensate
a Lender or the Issuing Bank pursuant to this Section for any increased costs or reductions
incurred more than one hundred eighty (180) days prior to the date that such Lender or the Issuing
Bank, as the case may be, notifies the Borrower of the Change in Law giving rise to such increased
costs or reductions and of such Lender’s or the Issuing Bank’s intention to claim compensation
therefor; provided further that, if the Change in Law giving rise to such increased
costs or reductions is retroactive, then the 180-day period referred to above shall be extended to
include the period of retroactive effect thereof.

          Section 2.16 Break Funding Payments. In the event of (a) the payment of any principal of any
Eurodollar Loan other than on the last day of an Interest Period applicable thereto (including as a
result of an Event of Default), (b) the conversion of any Eurodollar Loan other than on the last
day of the Interest Period applicable thereto, (c) the failure to borrow, convert, continue or
prepay any Eurodollar Loan on the date specified in any notice delivered pursuant hereto
(regardless of whether such notice may be revoked under Section 2.11(b) and is revoked in
accordance therewith), or (d) the assignment of any Eurodollar Loan other than on the last day of
the Interest Period applicable thereto as a result of a request by the Borrower pursuant to
Section 2.19, then, in any such event, the Borrower shall compensate each Lender for the
loss, cost and expense attributable to such event. In the case of a Eurodollar Loan, such loss,
cost or expense to any Lender shall be deemed to include an amount determined by such Lender to be
the excess, if any, of (i) the amount of interest which would have accrued on the principal amount
of such Loan had such event not occurred, at the Adjusted LIBO Rate that would have been applicable
to such Loan, for the period from the date of such event to the last day of the then current
Interest Period therefor (or, in the case of a failure to borrow, convert or continue, for the
period that would have been the Interest Period for such Loan), over (ii) the amount of interest
which would accrue on such principal amount for such period at the interest rate which such Lender
would bid were it to bid, at the commencement of such period, for dollar deposits of a comparable
amount and period from other banks in the Eurodollar market. A certificate of any Lender setting
forth any amount or amounts that such Lender is entitled to receive pursuant to this Section shall
be delivered to the Borrower and shall be conclusive absent manifest error. The Borrower shall pay
such Lender the amount shown as due on any such certificate within 10 days after receipt thereof.

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          Section 2.17 Taxes.

          (a) Any and all payments by or on account of any obligation of the Borrower hereunder shall be
made free and clear of and without deduction for any Indemnified Taxes or Other Taxes;
provided that if the Borrower shall be required to deduct any Indemnified Taxes or Other
Taxes from such payments, then (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) the Administrative Agent, Lender or Issuing Bank (as the case may be) receives an
amount equal to the sum it would have received had no such deductions been made, (ii) the Borrower
shall make such deductions and (iii) the Borrower shall pay the full amount deducted to the
relevant Governmental Authority in accordance with applicable law.

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

          (c) The Borrower shall indemnify the Administrative Agent, each Lender and the Issuing Bank,
within 10 days after written demand therefor, for the full amount of any Indemnified Taxes or Other
Taxes paid by the Administrative Agent, such Lender or the Issuing Bank, as the case may be, on or
with respect to any payment by or on account of any obligation of the Borrower hereunder (including
Indemnified Taxes or Other Taxes imposed or asserted on or attributable to amounts payable under
this Section) and any penalties, interest and reasonable expenses arising therefrom or with respect
thereto, whether or not such Indemnified Taxes or Other Taxes were correctly or legally imposed or
asserted by the relevant Governmental Authority. A certificate as to the amount of such payment or
liability delivered to the Borrower by a Lender or the Issuing Bank, or by the Administrative Agent
on its own behalf or on behalf of a Lender or the Issuing Bank, shall be conclusive absent manifest
error.

          (d) As soon as practicable after any payment of Indemnified Taxes or Other Taxes by the
Borrower to a Governmental Authority, the Borrower shall deliver to the Administrative Agent the
original or a certified copy of a receipt issued by such Governmental Authority evidencing such
payment, a copy of the return reporting such payment or other evidence of such payment reasonably
satisfactory to the Administrative Agent.

          (e) Any Foreign Lender that is entitled to an exemption from or reduction of withholding tax
under the law of the jurisdiction in which the Borrower is located, or any treaty to which such
jurisdiction is a party, with respect to payments under this Agreement shall deliver to the
Borrower (with a copy to the Administrative Agent), at the time or times prescribed by applicable
law, such properly completed and executed documentation prescribed by applicable law or reasonably
requested by the Borrower as will permit such payments to be made without withholding or at a
reduced rate.

          (f) If the Administrative Agent or a Lender determines, in its sole discretion, that it has
received a refund of any Taxes or Other Taxes as to which it has been indemnified by the Borrower
or with respect to which the Borrower has paid additional amounts pursuant to this Section
2.17, it shall pay over such refund to the Borrower (but only to the extent of indemnity
payments made, or additional amounts paid, by the Borrower under this Section 2.17
with respect to the Taxes or Other Taxes giving rise to such refund), net of all out-of-pocket
expenses of the Administrative Agent or such Lender and without interest (other than any interest
paid by the relevant Governmental Authority with respect to such refund); provided, that
the Borrower,

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upon the request of the Administrative Agent or such Lender, agrees to repay the
amount paid over to the Borrower (plus any penalties, interest or other charges imposed by the
relevant Governmental Authority) to the Administrative Agent or such Lender in the event the
Administrative Agent or such Lender is required to repay such refund to such Governmental
Authority. This Section shall not be construed to require the Administrative Agent or any Lender
to make available its tax returns (or any other information relating to its taxes which it deems
confidential) to the Borrower or any other Person.

          (g) In the case of a Lender that would be subject to withholding tax imposed by FATCA on
payments made on the account of any obligation of the Borrower hereunder if such Lender fails to
comply with the applicable requirements of FATCA (including those contained in Section 1471(b) or
1472(b) of the Code, as applicable), such Lender shall provide such documentation prescribed by
applicable law (including as prescribed by Section 1471(b)(3)(C)(i) of the Code) and such
additional documentation reasonably requested by the Administrative Agent or the Borrower as may be
necessary for the Borrower to comply with its obligations under FATCA, to determine that such
Lender has complied with such Lender’s obligations under FATCA or to determine the amount to deduct
and withhold from any such payments.

          Section 2.18 Payments Generally; Pro Rata Treatment; Sharing of Set-offs.

          (a) The Borrower shall make each payment required to be made by it hereunder (whether of
principal, interest, fees or reimbursement of LC Disbursements, or of amounts payable under
Section 2.15, Section 2.16 or Section 2.17, or otherwise) prior to 12:00
noon, Houston time, on the date when due, in immediately available funds, without set off or
counterclaim. Any amounts received after such time on any date may, in the discretion of the
Administrative Agent, be deemed to have been received on the next succeeding Business Day for
purposes of calculating interest thereon. All such payments shall be made to the Administrative
Agent at its offices at 712 Main Street, Houston, Texas, except payments to be made directly to the
Issuing Bank or Swingline Lender as expressly provided herein and except that payments pursuant to
Section 2.15, Section 2.16 or Section 2.17 and Section 9.03 shall
be made directly to the Persons entitled thereto. The Administrative Agent shall distribute any
such payments received by it for the account of any other Person to the appropriate recipient
promptly following receipt thereof. If any payment hereunder shall be due on a day that is not a
Business Day, the date for payment shall be extended to the next succeeding Business Day, and, in
the case of any payment accruing interest, interest thereon shall be payable for the period of such
extension. All payments hereunder shall be made in dollars.

          (b) If at any time insufficient funds are received by and available to the Administrative
Agent to pay fully all amounts of principal, unreimbursed LC Disbursements, interest and fees then
due hereunder, such funds shall be applied (i) first, towards payment of
interest and fees then due hereunder, ratably among the parties entitled thereto in accordance
with the amounts of interest and fees then due to such parties, and (ii) second, towards payment of
principal and unreimbursed LC Disbursements then due hereunder, ratably among the parties entitled
thereto in accordance with the amounts of principal and unreimbursed LC Disbursements then due to
such parties.

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          (c) If any Lender shall, by exercising any right of set off or counterclaim or otherwise,
obtain payment in respect of any principal of or interest on any of its Revolving Loans or
participations in LC Disbursements or Swingline Loans resulting in such Lender receiving payment of
a greater proportion of the aggregate amount of its Revolving Loans and participations in LC
Disbursements and Swingline Loans and accrued interest thereon than the proportion received by any
other Lender, then the Lender receiving such greater proportion shall purchase (for cash at face
value) participations in the Revolving Loans and participations in LC Disbursements and Swingline
Loans of other Lenders to the extent necessary so that the benefit of all such payments shall be
shared by the Lenders ratably in accordance with the aggregate amount of principal of and accrued
interest on their respective Revolving Loans and participations in LC Disbursements and Swingline
Loans; provided that (i) if any such participations are purchased and all or any portion of
the payment giving rise thereto is recovered, such participations shall be rescinded and the
purchase price restored to the extent of such recovery, without interest, and (ii) the provisions
of this paragraph shall not be construed to apply to any payment made by the Borrower pursuant to
and in accordance with the express terms of this Agreement or any payment obtained by a Lender as
consideration for the assignment of or sale of a participation in any of its Loans or
participations in LC Disbursements to any assignee or participant, other than to the Borrower or
any Subsidiary or Affiliate thereof (as to which the provisions of this paragraph shall apply).
The Borrower consents to the foregoing and agrees, to the extent it may effectively do so under
applicable law, that any Lender acquiring a participation pursuant to the foregoing arrangements
may exercise against the Borrower rights of set-off and counterclaim with respect to such
participation as fully as if such Lender were a direct creditor of the Borrower in the amount of
such participation.

          (d) Unless the Administrative Agent shall have received notice from the Borrower prior to the
date on which any payment is due to the Administrative Agent for the account of the Lenders or the
Issuing Bank hereunder that the Borrower will not make such payment, the Administrative Agent may
assume that the Borrower has made such payment on such date in accordance herewith and may, in
reliance upon such assumption, distribute to the Lenders or the Issuing Bank, as the case may be,
the amount due. In such event, if the Borrower has not in fact made such payment, then each of the
Lenders or the Issuing Bank, as the case may be, severally agrees to repay to the Administrative
Agent forthwith on demand the amount so distributed to such Lender or Issuing Bank with interest
thereon, for each day from and including the date such amount is distributed to it to but excluding
the date of payment to the Administrative Agent, at the greater of the Federal Funds Effective Rate
and a rate determined by the Administrative Agent in accordance with banking industry rules on
interbank compensation.

          (e) If any Lender shall fail to make any payment required to be made by it pursuant to
Section 2.05(c), Section 2.06(d), Section 2.06(e), Section 2.07(b),
Section 2.18(d), or Section 9.03(c) then the Administrative Agent may, in its
discretion and notwithstanding any
contrary provision hereof, (i) apply any amounts thereafter received by the Administrative
Agent for the account of such Lender and for the benefit of the Administrative Agent, the Swingline
Lender or the Issuing Bank to satisfy such Lender’s obligations under such Sections until all such
unsatisfied obligations are fully paid, and/or (ii) hold any such amounts in a segregated account
as cash collateral for, and application to, any future funding obligations of such Lender under

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such Sections; in the case of each of (i) and (ii) above, in any order as determined by the
Administrative Agent in its discretion.

          Section 2.19 Mitigation Obligations; Replacement of Lenders.

          (a) If any Lender requests compensation under Section 2.15, or if the Borrower is
required to pay any additional amount to any Lender or any Governmental Authority for the account
of any Lender pursuant to Section 2.17, then such Lender shall use reasonable efforts to
designate a different lending office for funding or booking its Loans hereunder or to assign its
rights and obligations hereunder to another of its offices, branches or affiliates, if, in the
judgment of such Lender, such designation or assignment (i) would eliminate or reduce amounts
payable pursuant to Section 2.15 or Section 2.17, as the case may be, in the future
and (ii) would not subject such Lender to any unreimbursed cost or expense and would not otherwise
be disadvantageous to such Lender. The Borrower hereby agrees to pay all reasonable costs and
expenses incurred by any Lender in connection with any such designation or assignment.

          (b) If any Lender requests compensation under Section 2.15, or if the Borrower is
required to pay any additional amount to any Lender or any Governmental Authority for the account
of any Lender pursuant to Section 2.17, or if any Lender becomes a Defaulting Lender, then
the Borrower may, at its sole expense and effort, upon notice to such Lender and the Administrative
Agent, require such Lender to assign and delegate, without recourse (in accordance with and subject
to the restrictions contained in Section 9.04), all its interests, rights and obligations
under this Agreement to an assignee that shall assume such obligations (which assignee may be
another Lender, if a Lender accepts such assignment); provided that (i) the Borrower shall
have received the prior written consent of the Administrative Agent (and, if a Commitment is being
assigned, the Issuing Bank), which consent shall not unreasonably be withheld, (ii) such Lender
shall have received payment of an amount equal to the outstanding principal of its Loans and
participations in LC Disbursements and Swingline Loans, accrued interest thereon, accrued fees and
all other amounts payable to it hereunder, from the assignee (to the extent of such outstanding
principal and accrued interest and fees) or the Borrower (in the case of all other amounts) and
(iii) in the case of any such assignment resulting from a claim for compensation under Section
2.15 or payments required to be made pursuant to Section 2.17, such assignment will
result in a reduction in such compensation or payments in the future. A Lender shall not be
required to make any such assignment and delegation if, prior thereto, as a result of a waiver by
such Lender or otherwise, the circumstances entitling the Borrower to require such assignment and
delegation cease to apply.

          (c) If any Lender fails to consent to an issue requiring approval in an instance where Lenders
holding greater than 50% of the aggregate amount of the Loans and unused Commitments have provided
a consent, then the Borrower may require such non-consenting
Lender to assign all of its outstanding Loans and unused Commitments, at par, to another
lender acceptable to the Borrower and the Administrative Agent which is not an Affiliate of the
Borrower.

          Section 2.20 Increase in the Commitments. The Borrower may on no more than two occasions during
the period beginning on the Effective Date to and including the date that is six months prior to
the Maturity Date, by written notice to the Administrative Agent

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executed by the Borrower and one
or more financial institutions (any such financial institution referred to in this Section being
called an “Increasing Lender”), which may include any Lender, cause the Commitments to be
extended by the Increasing Lenders (or cause the Commitments of the Increasing Lenders to be
increased, as the case may be) in an amount for each Increasing Lender set forth in such notice;
provided, that (i) each extension of new Commitments or increase in existing Commitments
pursuant to this paragraph shall result in the aggregate Commitments being increased by no less
than $10,000,000, (ii) no extension of new Commitments or increase in existing Commitments pursuant
to this paragraph may result in the aggregate Commitments exceeding $600,000,000, (iii) each
Increasing Lender, if not already a Lender hereunder, shall be subject to the approval of the
Administrative Agent (which approval shall not be unreasonably withheld) and (iv) each Increasing
Lender, if not already a Lender hereunder, shall become a party to this Agreement by completing and
delivering to the Administrative Agent a duly executed accession agreement in a form reasonably
satisfactory to the Administrative Agent and the Borrower (an “Accession Agreement”). New
Commitments and increases in Commitments shall become effective on the date specified in the
applicable notices delivered pursuant to this paragraph. Upon the effectiveness of any Accession
Agreement to which any Increasing Lender is a party, (i) such Increasing Lender shall thereafter be
deemed to be a party to this Agreement and shall be entitled to all rights, benefits and privileges
accorded a Lender hereunder and subject to all obligations of a Lender hereunder and (ii)
Schedule 2.01 shall be deemed to have been amended to reflect the Commitment of such
Increasing Lender as provided in such Accession Agreement. Upon the effectiveness of any increase
pursuant to this Section in the Commitment of a Lender already a party hereto, Schedule
2.01 shall be deemed to have been amended to reflect the increased Commitment of such Lender.
Notwithstanding the foregoing, no increase in the aggregate Commitments (or in the Commitment of
any Lender) shall become effective under this Section unless, on the date of such increase, the
Administrative Agent shall have received a certificate, dated as of the effective date of such
increase and executed by a Financial Officer of the Borrower, to the effect that the conditions set
forth in paragraphs (i) and (ii) of Section 4.02 shall be satisfied (with all references in
such paragraphs to a Borrowing being deemed to be references to such increase and attaching
resolutions of the Borrower approving such increase). Following any extension of a new Commitment
or increase of a Lender’s Commitment pursuant to this paragraph, any Revolving Loans outstanding
prior to the effectiveness of such increase or extension shall continue to be outstanding until the
ends of the respective Interests Periods applicable thereto, and shall then be repaid and, if the
Borrower shall so elect, refinanced with new Revolving Loans made pursuant to Section 2.01
ratably in accordance with the Commitments in effect following such extension or increase.

          Section 2.21 Defaulting Lenders. Notwithstanding any provision of this Agreement to the contrary, if any Lender becomes a
Defaulting Lender, then the following provisions shall apply for so long as such Lender is a
Defaulting Lender:

          (a) fees shall cease to accrue on the unfunded portion of the Commitment of such Defaulting
Lender pursuant to Section 2.12(a);

          (b) the Commitment and Credit Exposure of such Defaulting Lender shall not be included in
determining whether all Lenders or the Required Lenders have taken or may take any action hereunder
(including any consent to any amendment or waiver pursuant to
Section 9.02),

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provided that any waiver, amendment or modification requiring the consent of all Lenders or
each affected Lender which affects such Defaulting Lender differently than other affected Lenders
shall require the consent of such Defaulting Lender, unless the effect of same is to eliminate the
Defaulting Lender’s Commitment (which shall require only the consent of the Lenders that are not
Defaulting Lenders);

          (c) if any Swingline Exposure or LC Exposure exists at the time a Lender becomes a Defaulting
Lender then:

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

     (ii) if the reallocation described in clause (i) above cannot, or can only partially,
be effected, the Borrower shall within one Business Day following notice by the
Administrative Agent (x) first, prepay such Swingline Exposure and (y) second, cash
collateralize such Defaulting Lender’s LC Exposure (after giving effect to any partial
reallocation pursuant to clause (i) above) in accordance with the procedures set forth in
Section 2.06(j) for so long as such LC Exposure is outstanding;

     (iii) if the Borrower cash collateralizes any portion of such Defaulting Lender’s LC
Exposure pursuant to Section 2.21(c), the Borrower shall not be required to pay any
fees to such Defaulting Lender pursuant to Section 2.12(b) with respect to such
Defaulting Lender’s LC Exposure during the period such Defaulting Lender’s LC Exposure is
cash collateralized;

     (iv) if the LC Exposure of the non-Defaulting Lenders is reallocated pursuant to
Section 2.21(c), then the fees payable to the Lenders pursuant to Section
2.12(a) and Section 2.12(b) shall be adjusted in accordance with such
non-Defaulting Lenders’ Applicable Percentages; and

     (v) if any Defaulting Lender’s LC Exposure is neither cash collateralized nor
reallocated pursuant to Section 2.21(c), then, without prejudice to any rights or
remedies of the Issuing Bank or any Lender hereunder, all facility fees that otherwise would
have been payable to such Defaulting Lender (solely with respect to the portion of such
Defaulting Lender’s Commitment that was utilized by such LC Exposure) and letter of
credit fees payable under Section 2.12(b) with respect to such Defaulting Lender’s
LC Exposure shall be payable to the Issuing Bank until such LC Exposure is cash
collateralized and/or reallocated; and

          (d) so long as any Lender is a Defaulting Lender, the Swingline Lender shall not be required
to fund any Swingline Loan and the Issuing Bank shall not be required to issue, amend or increase
any Letter of Credit, unless it is reasonably satisfied that the related exposure will be 100%
covered by the Commitments of the non-Defaulting Lenders and/or cash collateral

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will be provided by
the Borrower in accordance with Section 2.21(c), and participating interests in any such
newly issued or increased Letter of Credit or newly made Swingline Loan shall be allocated among
non-Defaulting Lenders in a manner consistent with Section 2.21(c)(i) (and Defaulting
Lenders shall not participate therein).

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

ARTICLE III

Representations and Warranties

          The Borrower represents and warrants to the Lenders that:

          Section 3.01 Organization; Powers. Each of the Borrower and the Subsidiaries is duly organized and
validly existing under the laws of the jurisdiction of its organization, has all requisite power
and authority to carry on its business as now conducted and, except where the failure to do so,
individually or in the aggregate, could not reasonably be expected to result in a Material Adverse
Effect, is qualified to do business in, and is in good standing in, its jurisdiction of
organization and every jurisdiction where such qualification is required.

          Section 3.02 Authorization; Enforceability. The Transactions are within the Borrower’s corporate
powers and have been duly authorized by all necessary corporate and, if required, stockholder
action. This Agreement has been duly executed and delivered by the Borrower and constitutes a
legal, valid and binding obligation of the Borrower, enforceable in accordance with its terms,
subject to applicable bankruptcy, insolvency, reorganization, moratorium or other laws affecting
creditors’ rights generally and subject to general principles of equity, regardless of whether
considered in a proceeding in equity or at law.

          Section 3.03 Governmental Approvals; No Conflicts. The Transactions (a) do not require any consent
or approval of, registration or filing with, or any other action by, any Governmental Authority,
except such as have been obtained or made and are in full force and effect, (b) will not violate
any applicable law or regulation or the charter, by-laws or other organizational documents of the
Borrower or any Subsidiary or any order of any Governmental Authority, (c) will not violate or
result in a default under any indenture, agreement or other instrument binding upon the Borrower or
any Subsidiary or its assets, or give rise to a right thereunder to require any payment to be made
by the Borrower or any Subsidiary, and (d) will not result in the creation or imposition of any
Lien on any asset of the Borrower or any Subsidiary.

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          Section 3.04 Financial Condition; No Material Adverse Change.

          (a) The Borrower has heretofore furnished to the Lenders its consolidated balance sheet and
statements of income, stockholders equity and cash flows as of and for the fiscal year ended
December 31, 2010, reported on by PriceWaterhouseCoopers LLP, independent public accountants. Such
financial statements present fairly, in all material respects, the financial position and results
of operations and cash flows of the Borrower and its consolidated Subsidiaries as of such dates and
for such periods in accordance with GAAP.

          (b) Since December 31, 2010, there has been no material adverse change in the business,
assets, operations, prospects or condition, financial or otherwise, of the Borrower and the
Subsidiaries, taken as a whole.

          Section 3.05 Properties.

          (a) Each of the Borrower and the Subsidiaries has good title to, or valid leasehold interests
in, all its real and personal property material to its business, except for minor defects in title
that do not interfere with its ability to conduct its business as currently conducted or to utilize
such properties for their intended purposes.

          (b) Each of the Borrower and the Subsidiaries owns, or is licensed to use, all trademarks,
tradenames, copyrights, patents and other intellectual property material to its business, and the
use thereof by the Borrower and the Subsidiaries does not infringe upon the rights of any other
Person, except for any such infringements that, individually or in the aggregate, could not
reasonably be expected to result in a Material Adverse Effect.

          Section 3.06 Litigation and Environmental Matters.

          (a) There are no actions, suits or proceedings by or before any arbitrator or Governmental
Authority pending against or, to the knowledge of the Borrower, threatened
against or affecting the Borrower or any Subsidiary (i) as to which there is a reasonable
possibility of an adverse determination and that, if adversely determined, could reasonably be
expected, individually or in the aggregate, to result in a Material Adverse Effect (other than the
Disclosed Matters) or (ii) that involve this Agreement or the Transactions.

          (b) Except with respect to any other matters that, individually or in the aggregate, could not
reasonably be expected to result in a Material Adverse Effect, neither the Borrower nor any
Subsidiary (i) has failed to comply with any Environmental Law or to obtain, maintain or comply
with any permit, license or other approval required under any Environmental Law, (ii) has become
subject to any Environmental Liability, (iii) has received notice of any claim with respect to any
Environmental Liability or (iv) knows of any basis for any Environmental Liability.

          (c) Since the Effective Date, there has been no change in the status of the Disclosed Matters
that, individually or in the aggregate, has resulted in, or materially increased the likelihood of,
a Material Adverse Effect.

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          Section 3.07 Compliance with Laws and Agreements. Each of the Borrower and the Subsidiaries is in
compliance with all laws, regulations and orders of any Governmental Authority applicable to it or
its property and all indentures, agreements and other instruments binding upon it or its property,
except where the failure to do so, individually or in the aggregate, could not reasonably be
expected to result in a Material Adverse Effect. No Default has occurred and is continuing.

          Section 3.08 Investment and Holding Company Status. Neither the Borrower nor any Subsidiary is an
“investment company” as defined in, or subject to regulation under, the Investment Company Act of
1940.

          Section 3.09 Taxes. Each of the Borrower and the Subsidiaries has timely filed or caused to be
filed all Tax returns and reports required to have been filed and has paid or caused to be paid all
Taxes required to have been paid by it, except (a) Taxes that are being contested in good faith by
appropriate proceedings and for which the Borrower or such Subsidiary, as applicable, has set aside
on its books adequate reserves or (b) to the extent that the failure to do so could not reasonably
be expected to result in a Material Adverse Effect.

          Section 3.10 ERISA. No ERISA Event has occurred or is reasonably expected to occur that, when
taken together with all other such ERISA Events for which liability is reasonably expected to
occur, could reasonably be expected to result in a Material Adverse Effect. The present value of
all accumulated benefit obligations under each Plan (based on the assumptions used for purposes of
Statement of Financial Accounting Standards No. 87) did not, as of the date of the most recent
financial statements reflecting such amounts, exceed by more than $30,000,000 the fair market value
of the assets of such Plan, and the present value of all accumulated benefit obligations of
all underfunded Plans (based on the assumptions used for purposes of Statement of Financial
Accounting Standards No. 87) did not, as of the date of the most recent financial statements
reflecting such amounts, exceed by more than $50,000,000 the fair market value of the assets of all
such underfunded Plans.

          Section 3.11 Disclosure. The Borrower has disclosed to the Lenders all agreements, instruments and
corporate or other restrictions to which it or any Subsidiary is subject, and all other matters
known to it, that, individually or in the aggregate, could reasonably be expected to result in a
Material Adverse Effect. Neither the Information Memorandum nor any of the other reports,
financial statements, certificates or other information furnished by or on behalf of the Borrower
to the Administrative Agent or any Lender in connection with the negotiation of this Agreement or
delivered hereunder (as modified or supplemented by other information so furnished) contains any
material misstatement of fact or omits to state any material fact necessary to make the statements
therein, in the light of the circumstances under which they were made, not misleading;
provided that, with respect to projected financial information, the Borrower represents
only that such information was prepared in good faith based upon assumptions believed to be
reasonable at the time.

          Section 3.12 Subsidiaries. Schedule 3.12 sets forth the name of, and the ownership
interest of the Borrower and any Subsidiary in, each Subsidiary and identifies which are Foreign
Subsidiaries, Excluded Subsidiaries and Guarantors as of the Effective Date. The

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shares of capital
stock or other ownership interests of each Subsidiary are owned by the Borrower, directly or
indirectly, free and clear of all Liens.

          Section 3.13 Margin Stock. Neither the Borrower nor any Subsidiary is engaged principally, or as
one of its important activities, in the business of extending credit for the purpose of buying or
carrying Margin Stock (as defined in Registration U of the Board). The proceeds of the Loans and
the Letters of Credit will not be used in a way that will result in any of the Loans or the Letters
of Credit under this Agreement being violative of Regulation U or Regulation X of the Board.

          Section 3.14 Use of Proceeds. The proceeds of the Loans shall be used to repay existing
Indebtedness, for working capital and for general corporate purposes (including, without
limitation, Permitted Acquisitions) of, in each case, the Borrower and the Subsidiaries. The
Borrower represents and warrants to the Lenders and the Administrative Agent that all Loans will be
for business, commercial, investment or other similar purpose and not primarily for personal,
family, household or agricultural use, as such terms are used in the Texas Finance Code.

          Section 3.15 Solvency. Immediately following the making of each Loan on the Effective Date and after giving effect
to the application of the proceeds of each Loan, (a) the fair market value of the assets of each
Loan Party (individually and on a consolidated basis) will exceed its debts and liabilities; (b)
the present fair saleable value of the property of each Loan Party (individually and on a
consolidated basis) will be greater than the amount that will be required to pay the probable
liability of its debts and other liabilities; (c) each Loan Party (individually and on a
consolidated basis) will be able to pay its debts and liabilities as they become absolute and
mature; and (d) each Loan Party (individually and on a consolidated basis the Borrower and the
Subsidiaries) will not have unreasonably small capital with which to conduct its business as such
business is now conducted and is proposed to be conducted following the Effective Date.

ARTICLE IV

Conditions

          Section 4.01 Effective Date. The obligations of the Lenders to make Loans and of the Issuing Bank
to issue Letters of Credit hereunder shall not become effective until the date on which the
Administrative Agent (or its counsel) shall have received from each Loan Party, in form and
substance satisfactory to it:

          (a) either (i) a counterpart of this Agreement signed by the Borrower or (ii) written evidence
satisfactory to the Administrative Agent (which may include electronic or telecopy transmission of
signed signature pages) that the Borrower has signed a counterpart of this Agreement;

          (b) a Note for each Lender requesting a Note;

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          (c) the executed Guarantee Agreement (or electronic or telecopy copy of a signed signature
page thereof) from each Domestic Subsidiary other than the Excluded Subsidiaries, and such Foreign
Subsidiaries, Excluded Subsidiaries or both as are required by Section 5.10 to be
Guarantors;

          (d) favorable written opinions (addressed to the Administrative Agent and the Lenders and
dated the Effective Date) of Locke Lord Bissell & Liddell LLP, counsel for the Loan Parties, and
the general counsel of the Borrower and covering such matters relating to the Loan Parties, this
Agreement or the Transactions as the Required Lenders shall reasonably request. The Borrower
hereby requests such counsel to deliver such opinion;

          (e) such documents and certificates as the Administrative Agent or its counsel may reasonably
request relating to the organization, existence and good standing of the Borrower, the
authorization of the Transactions and any other legal matters relating to the Borrower, this
Agreement or the Transactions, all in form and substance satisfactory to the Administrative Agent
and its counsel;

          (f) a certificate, dated the Effective Date and signed by the President, a Vice President or a
Financial Officer of the Borrower, confirming compliance with the conditions set forth in
paragraphs (i) and (ii) of Section 4.02;

          (g) (i) satisfactory audited consolidated balance sheet and related statements of operations,
stockholders’ equity and cash flows of the Borrower for the two most recent fiscal years ended
prior to the Effective Date as to which such financial statements are available and (ii)
satisfactory unaudited consolidated balance sheet and related statements of operations,
stockholders’ equity and cash flows of the Borrower for each quarterly period ended subsequent to
the date of the latest financial statements delivered pursuant to clause (i) of this Section
4.01(g) as to which such financial statements are available;

          (h) Borrowing Request (substantially in the form of Exhibit 4.01(h) hereto);

          (i) evidence of liability and hazard insurance for each Loan Party in such amounts and on such
terms as are standard and customary in the industry in which said entities conduct their
operations;

          (j) all information regarding the Borrower and the Subsidiaries that it is required to collect
pursuant to the USA Patriot Act;

          (k) all fees and other amounts due and payable on or prior to the Effective Date, including,
to the extent invoiced, reimbursement or payment of all out of pocket expenses required to be
reimbursed or paid by the Borrower hereunder; and

          (l) such other documents or items as the Administrative Agent may reasonably request.

          Section 4.02 Each Credit Event. The obligation of each Lender to make a Loan on the occasion of
any Borrowing, and of the Issuing Bank to issue, amend, renew or extend any Letter of Credit, is
subject to the satisfaction of the following conditions:

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     (i)
The representations and warranties of the Borrower set forth in this Agreement shall be true and correct on
and as of the date of such Borrowing or the date of issuance, amendment, renewal or extension of such Letter of
Credit, as applicable.

     (ii)
At the time of and immediately after giving effect to such Borrowing or the issuance,
amendment, renewal or extension of such Letter of Credit, as applicable, (i) no Default shall have occurred
and be continuing and (ii) there shall have been no events that have, or could reasonably be expected to cause,
a Material Adverse Effect since the date of the last such issuance or Borrowing.

     (iii)
A Borrowing Request.

Each Borrowing and each issuance, amendment, renewal or extension of a Letter of Credit shall be deemed
to constitute a representation and warranty by the Borrower on the date thereof as to the matters specified in
paragraphs (i) and (ii) of this Section.

ARTICLE V

Affirmative Covenants

          Until the Commitments have expired or been terminated and the principal of and interest on
each Loan and all fees payable hereunder shall have been paid in full and all Letters of Credit
shall have expired or terminated and all LC Disbursements shall have been reimbursed, the Borrower
covenants and agrees with the Lenders that:

          Section 5.01 Financial Statements; Ratings Change and Other Information. The Borrower will furnish
to the Administrative Agent (in electronic or hard copy form):

     (i) within 90 days after the end of each fiscal year of the Borrower, its audited
consolidated balance sheet and related statements of operations, stockholders’ equity and
cash flows as of the end of and for such year, setting forth in each case in comparative
form the figures for the previous fiscal year, all reported on by PriceWaterhouseCoopers or
other independent public accountants of recognized national standing (without a “going
concern” or like qualification or exception and without any qualification or exception as to
the scope of such audit) to the effect that such consolidated financial statements present
fairly in all material respects the financial condition and results of operations of the
Borrower and its consolidated Subsidiaries on a consolidated basis in accordance with GAAP
consistently applied;

     (ii) within 45 days after the end of each of the first three fiscal quarters of each
fiscal year of the Borrower, its consolidated balance sheet and related statements of
operations, stockholders’ equity and cash flows as of the end of and for such fiscal quarter
and the then elapsed portion of the fiscal year, setting forth in each case in comparative
form the figures for the corresponding period or periods of (or, in the case of the balance
sheet, as of the end of) the previous fiscal year, all certified by one of its Financial
Officers as presenting fairly in all material respects the financial condition and results
of operations of the Borrower and its consolidated Subsidiaries on a consolidated

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          basis in accordance with GAAP consistently applied, subject to normal year-end audit adjustments and
the absence of footnotes;

     (iii) concurrently with any delivery of financial statements under clause (i) or (ii)
above, a certificate of a Financial Officer of the Borrower (i) certifying as to whether a
Default has occurred and, if a Default has occurred, specifying the details thereof and any
action taken or proposed to be taken with respect thereto, (ii) setting forth reasonably
detailed calculations demonstrating compliance with Section 3.10, Section
6.01, Section 6.07, Section 6.09 and Section 6.12 (in the form
of compliance certificate attached hereto as Exhibit 5.01) and (iii) stating whether
any change in GAAP or in the application thereof has occurred since the date of the audited
financial statements referred to in Section 3.04 and, if any such change has
occurred, specifying the effect of such change on the financial statements accompanying such
certificate;

     (iv) concurrently with any delivery of financial statements under clause (i) above, an
annual budget of the Borrower and the Subsidiaries for such fiscal year;

     (v) promptly after the same become publicly available, copies of all periodic and other
reports, proxy statements and other materials filed by the Borrower or any Subsidiary with
the Securities and Exchange Commission, or any Governmental Authority succeeding to any or
all of the functions of said Commission, or with any national securities exchange, as the
case may be;

     (vi) promptly following the occurrence thereof, notice of any change in any rating of
the Borrower by Moody’s or S&P; and

     (vii) promptly following any request therefor, such other information regarding the
operations, business affairs and financial condition of the Borrower or any Subsidiary, or
compliance with the terms of this Agreement, as the Administrative Agent or any Lender may
reasonably request.

          Section 5.02 Notices of Material Events. The Borrower will furnish to the Administrative Agent
prompt written notice of the following:

     (i) the occurrence of any Default;

     (ii) the filing or commencement of any action, suit or proceeding by or before any
arbitrator or Governmental Authority against or affecting the Borrower or any Affiliate
thereof that, if adversely determined, could reasonably be expected to result in a Material
Adverse Effect;

     (iii) the occurrence of any ERISA Event that, alone or together with any other ERISA
Events that have occurred, could reasonably be expected to result in liabilities of the
Borrower and the Subsidiaries increasing after the Effective Date in an aggregate amount
exceeding $5,000,000; and

     (iv) any other development that results in, or could reasonably be expected to result
in, a Material Adverse Effect.

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Each notice delivered under this Section shall be accompanied by a statement of a Financial Officer
or other executive officer of the Borrower setting forth the details of the event or development
requiring such notice and any action taken or proposed to be taken with respect thereto.

          Section 5.03 Existence; Conduct of Business. The Borrower will, and will cause each Subsidiary to,
do or cause to be done all things necessary to preserve, renew and keep in full force and effect
its legal existence and the rights, licenses, permits, privileges and franchises material to the
conduct of its business unless the failure to do so could not reasonably be expected to have a
Material Adverse Effect; provided that the foregoing shall not prohibit any merger, consolidation, liquidation or dissolution
permitted under Section 6.05.

          Section 5.04 Payment of Obligations. The Borrower will, and will cause each Subsidiary to, pay its
obligations, including Tax liabilities, that, if not paid, could result in a Material Adverse
Effect before the same shall become delinquent or in default, except where (a) the validity or
amount thereof is being contested in good faith by appropriate proceedings, (b) the Borrower or
such Subsidiary has set aside on its books adequate reserves with respect thereto in accordance
with GAAP and (c) the failure to make payment pending such contest could not reasonably be expected
to result in a Material Adverse Effect.

          Section 5.05 Maintenance of Properties. The Borrower will, and will cause each Subsidiary to, keep
and maintain all property material to the conduct of its business in good working order and
condition, ordinary wear and tear excepted.

          Section 5.06 Books and Records; Inspection Rights. The Borrower will, and will cause each
Subsidiary to, keep proper books of record and account in which full, true and correct entries are
made of all dealings and transactions in relation to its business and activities. The Borrower
will, and will cause each Subsidiary to, permit any representatives designated by the
Administrative Agent or any Lender, upon reasonable prior notice, to visit and inspect its
properties, to examine and make extracts from its books and records, and to discuss its affairs,
finances and condition with its officers and independent accountants, all at such reasonable times
and as often as reasonably requested.

          Section 5.07 Compliance with Laws. The Borrower will, and will cause each Subsidiary to, comply
with all laws, rules, regulations and orders of any Governmental Authority applicable to it or its
property, including, without limitation, Environmental Laws, except where the failure to do so,
individually or in the aggregate, could not reasonably be expected to result in a Material Adverse
Effect.

          Section 5.08 Use of Proceeds and Letters of Credit. The proceeds of the Loans shall be used to
repay existing Indebtedness, for working capital and for general corporate purposes (including,
without limitation, Permitted Acquisitions) of, in each case, the Borrower and the Subsidiaries.
No part of the proceeds of any Loan will be used, whether directly or indirectly, for any purpose
that entails a violation of any of the Regulations of the Board, including Regulations T, U and X.
Letters of Credit will be issued only to support the general corporate purposes of the Borrower and
the Subsidiaries.

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          Section 5.09 Insurance. The Borrower will, and will cause each Subsidiary to, maintain, with financially sound and
reputable insurance companies, insurance in such amounts (with no greater risk retention) and
against such risks as are customary among companies of established reputation engaged in the same
or similar businesses and operating in the same or similar locations. The Borrower will furnish to
the Lenders, upon request of the Administrative Agent, information in reasonable detail as to the
insurance so maintained.

          Section 5.10 Required Guarantors.

          (a) If any Domestic Subsidiary (other than an Excluded Subsidiary, subject to paragraph (b)
below) is formed or acquired after the Effective Date, the Borrower will, within ten (10) Business
Days, notify the Administrative Agent and the Lenders thereof and promptly but in no event later
than twenty (20) Business Days after such formation or acquisition cause such Subsidiary to execute
a Guarantee Agreement.

          (b) If, at any time, (i) the aggregate combined revenues of the Non-Guarantors exceed twenty
percent (20%) of the aggregate total consolidated revenue for the most recently ended period of
four (4) fiscal quarters of the Borrower and all of the Subsidiaries or (ii) the aggregate combined
assets of the Non-Guarantors exceeds twenty percent (20%) of the aggregate total consolidated
assets as of the end of the most recently ended fiscal quarter of the Borrower and all of the
Subsidiaries, the Borrower shall promptly cause one or more of the Non-Guarantors to execute a
Guarantee Agreement such that, after giving effect to such Guarantee Agreement, both the aggregate
combined revenue and the aggregate combined assets (measured according to book value basis) of all
remaining Non-Guarantors, are less than twenty percent (20%) of the total consolidated revenue and
total assets, respectively, of the Borrower and all of the Subsidiaries.

ARTICLE VI

Negative Covenants

          Until the Commitments have expired or terminated and the principal of and interest on each
Loan and all fees payable hereunder have been paid in full and all Letters of Credit have expired
or terminated and all LC Disbursements shall have been reimbursed, the Borrower covenants and
agrees with the Lenders that:

          Section 6.01 Indebtedness Covenant. The Borrower will not, and will not permit any Subsidiary to,
create, incur, assume or permit to exist any Indebtedness, except:

          (a) Indebtedness created under the Loan Documents;

          (b) Indebtedness existing on the Effective Date and set forth on Schedule 6.01(b)
hereto and extensions, renewals and replacements of any such Indebtedness that do not increase the
outstanding principal amount or change the parties directly or indirectly responsible
for the payment thereof; provided that any such refinancing Indebtedness (A) shall be
unsecured and (B) shall not mature before the earlier of (x) the maturity date of the Indebtedness
refinanced and (y) the date six months following the Maturity Date;

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          (c) Indebtedness of the Borrower to any Subsidiary and of any Subsidiary to the Borrower or
any other Subsidiary; provided that Indebtedness of any Non-Guarantor to any Loan Party
shall be subject to Section 6.06 below;

          (d) Unsecured Guarantees by the Borrower of Indebtedness of any Subsidiary and Guarantees by
any Guarantor of Indebtedness of any Subsidiary, to the extent said Indebtedness is permitted
hereunder; provided that such Guarantees of Indebtedness of any Non-Guarantor shall be
subject to Section 6.06 below;

          (e) Indebtedness of the Borrower or any Subsidiary incurred after the Effective Date under
purchase money financings meeting the requirements of Section 6.01(f) other than proviso
(ii) therein and leases (collectively, “Transportation Equipment Transactions”), in each
case of motor vehicles (including off-road vehicles) and aircraft;

          (f) (A) Indebtedness of the Borrower or any Subsidiary incurred after the Effective Date to
finance the acquisition, construction or improvement of any fixed or capital assets, including
Capital Lease Obligations and any Indebtedness assumed in connection with the acquisition of any
such assets, or secured by a Lien on any such assets prior to the acquisition thereof, and
extensions, renewals and replacements of any such Indebtedness that do not increase the outstanding
principal amount or change the parties directly or indirectly responsible for the payment thereof,
(B) Attributable Debt (as defined below) of the Borrower or any Subsidiary incurred after the
Effective Date pursuant to Sale and Leaseback Transactions permitted by Section 6.04 and
(C) Indebtedness represented by seller notes executed by the Borrower or any Subsidiary incurred
after the Effective Date in connection with Permitted Acquisitions; provided that (i) the
Indebtedness in clause (A) hereof is incurred prior to or within 120 days (or such longer period if
necessary solely to obtain any permits or licenses required in connection with such acquisition,
construction or improvement) after such acquisition or the completion of such construction or
improvement and (ii) the aggregate principal amount of the Indebtedness permitted by this clause
(f) in excess of Attributable Debt shall not exceed $75,000,000 at any time outstanding.
“Attributable Debt” means, with respect to any Sale and Leaseback Transaction, the present
value (computed in accordance with GAAP as if the obligations incurred in connection with such Sale
and Leaseback Transaction were Capital Lease Obligations) of the total obligations of the lessee
for rental payments during the remaining term of the lease included in such Sale and Leaseback
Transaction (including any period for which such lease has been extended). In the case of any
lease which is terminable by the lessee upon payment of a penalty, the Attributable Debt shall be
the lesser of (i) the Attributable Debt determined assuming termination upon the first date such
lease may be terminated (in which case the Attributable Debt shall also include the amount of the
penalty, but no rent shall be considered as required to be paid under such lease subsequent to the
first date upon which it may be so terminated) and (ii) the Attributable Debt determined assuming
no such termination. Any determination of any rate implicit in the terms of the lease included in
such Sale and Leaseback Transaction made in accordance with generally accepted financial practices
by the Borrower shall be binding and conclusive absent manifest error;

          (g) Unsecured Indebtedness incurred under a third party credit facility by any one or more
Foreign Subsidiaries of the Borrower, provided that the aggregate principal amount of such
Indebtedness permitted by this clause does not exceed $100,000,000;

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          (h) Unsecured Indebtedness of any Subsidiary, provided that the aggregate principal
amount of all Indebtedness permitted by this clause shall not exceed the aggregate principal amount
of $20,000,000 at any time outstanding;

          (i) Obligations incurred in connection with covenants not to compete to the extent such
obligations are treated as indebtedness under GAAP, provided that the aggregate principal
amount of all Indebtedness permitted by this clause shall not exceed $50,000,000 at any time
outstanding;

          (j) Indebtedness of any Subsidiary in existence (but not incurred or created in connection
with an acquisition) on the date on which such Subsidiary is acquired by the Borrower,
provided (i) neither the Borrower nor any of the Subsidiaries existing before giving effect
to such acquisition has any obligation with respect to such Indebtedness, (ii) none of the
properties of the Borrower or any of the Subsidiaries existing before giving effect to such
acquisition is bound with respect to such Indebtedness and (iii) the Borrower is in compliance with
the financial covenants after such acquisition; and

          (k) Unsecured Indebtedness of the Borrower not permitted by any other clause of this
Section 6.01; provided that (i) no Default exists at the time, or is created as a
result of, the incurrence of such Indebtedness, (ii) for all Indebtedness in excess of
$100,000,000, such Indebtedness does not have a maturity date before the date six months following
the Maturity Date, and (iii) the terms of such unsecured Indebtedness are not more restrictive than
the terms of the Loan Documents.

          Section 6.02 Limit on Preferred Equity Issuance. The Borrower will not, nor will it permit any
Subsidiary to, issue any preferred stock or other preferred Equity Interests, other than (a)
preferred Equity Interests of the Borrower issued (i) without any mandatory redemption provisions
or (ii) pursuant to any shareholders’ rights plan of the Borrower; and (b) preferred Equity
Interests issued by any Subsidiary to the extent, and only to the extent, that such preferred
Equity Interests are owned by the Borrower or another Subsidiary.

          Section 6.03 Lien Covenant. The Borrower will not, and will not permit any Subsidiary to, create,
incur, assume or permit to exist any Lien on any property or asset now owned or hereafter acquired
by it, or assign or sell any income or revenues (including accounts receivable) or rights in
respect of any thereof, except:

          (a) Permitted Encumbrances;

          (b) Any Lien on any property or asset of the Borrower or any Subsidiary existing on the
Effective Date and set forth on Schedule 6.03(b); provided that (i) such Lien shall
not apply to any other property or asset of the Borrower or any Subsidiary and (ii) such Lien
shall secure only those obligations which it secures on the Effective Date;

          (c) Any Lien existing on any property or asset prior to the acquisition thereof by the
Borrower or any Subsidiary or existing on any property or asset of any Person that becomes a
Subsidiary after the Effective Date prior to the time such Person becomes a Subsidiary;
provided that (i) such Lien is not created in contemplation of or in connection with such
acquisition or such Person becoming a Subsidiary, as the case may be, (ii) such Lien shall

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not apply to any other property or assets of the Borrower or any Subsidiary and (iii) such Lien shall
secure only those obligations which it secures on the date of such acquisition or the date such
Person becomes a Subsidiary, as the case may be;

          (d) Liens on property subject to Transportation Equipment Transactions, provided that
the Indebtedness secured by any Transportation Equipment Transactions does not exceed the cost of
acquiring the property subject thereto;

          (e) Liens on fixed or capital assets acquired, constructed or improved by the Borrower or any
Subsidiary; provided that (i) such Liens secure permitted Indebtedness, (ii) such Liens and
the Indebtedness secured thereby are incurred prior to or within 120 days (or such longer period if
necessary solely to obtain any permits or licenses required in connection with such acquisition,
construction or improvement) after such acquisition or the completion of such construction or
improvement, (iii) the Indebtedness secured thereby does not exceed the cost of acquiring,
constructing or improving such fixed or capital assets and (iv) such Liens shall not apply to any
other property or assets of the Borrower or any Subsidiary; and

          (f) Liens in cash collateral pursuant to Section 2.06(j).

          Section 6.04 Sale and Leaseback Transactions. The Borrower will not, and will not permit any
Subsidiary to, enter into any Sale and Leaseback Transaction; provided that the Borrower or
any Subsidiary may enter into (a) Sale and Leaseback Transactions if the aggregate outstanding
Attributable Debt in respect of Sale and Leaseback Transactions permitted by this clause (a) shall
at no time exceed $125,000,000 and (b) any Transportation Equipment Transaction; and
provided further that all Attributable Debt associated with any such Sale and Leaseback
Transaction shall be treated as Indebtedness of the Borrower and shall be subject to the
limitations of the Indebtedness covenant.

          Section 6.05 Limitation on Fundamental Changes.

          (a) The Borrower will not, and will not permit any Subsidiary to, merge into or consolidate
with any other Person, or permit any other Person to merge into or consolidate with it, or sell,
transfer, lease or otherwise dispose of (in one transaction or in a series of transactions) assets
(including capital stock of Subsidiaries) constituting all or substantially all the assets of the
Borrower and the Subsidiaries on a consolidated basis (whether now owned or hereafter acquired),
or, in the case of any Loan Party, liquidate or dissolve, except that, if at the
time thereof and immediately after giving effect thereto no Default shall have occurred and be
continuing (i) any Subsidiary may merge into the Borrower in a transaction in which the Borrower is
the surviving corporation, (ii) any Subsidiary may merge into any other Subsidiary in a transaction
in which the surviving entity is a Subsidiary; provided, however, that after giving
effect to such transaction, the surviving Subsidiary must be a Guarantor if either of such
Subsidiaries was previously a Guarantor, (iii) any permitted asset disposition and involving the
sale of a Subsidiary may be effected by a merger of such Subsidiary, (iv) any Subsidiary may sell,
transfer, lease or otherwise dispose of its assets to the Borrower or to another Subsidiary;
provided, however, that (A) no Guarantor may sell, transfer, lease or otherwise dispose of
its assets to a Non-Guarantor, and (B) after giving effect to such transaction, the surviving
Subsidiary must be a Guarantor if either of such Subsidiaries was previously a Guarantor, and (v)

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any Subsidiary may liquidate or dissolve if the Borrower determines in good faith that such
liquidation or dissolution is in the interest of the Borrower and is not materially disadvantageous
to the Lenders; provided that any such merger involving a Person that is not a wholly owned
Subsidiary immediately prior to such merger shall not be permitted unless also permitted by
Section 6.06 regarding Restrictions on Investments.

          (b) The Borrower will not, and will not permit any Subsidiary to, engage to any material
extent in any business other than businesses of the type conducted by the Borrower and the
Subsidiaries on the Effective Date and businesses reasonably related thereto.

          Section 6.06 Restrictions on Investments, Loans, Advances, Guarantees and Acquisitions. The
Borrower will not, and will not permit any Subsidiary to, purchase, hold or acquire (including
pursuant to any merger with any Person that was not a wholly owned Subsidiary prior to such merger)
any capital stock, evidences of Indebtedness or securities (including any option, warrant or other
right to acquire any of the foregoing) of, make or permit to exist any loans or advances to,
guarantee any obligations of, or make or permit to exist any investment or any other interest in,
any other Person, or purchase or otherwise acquire (in one transaction or a series of transactions)
any assets of any other Person constituting a business unit, except:

          (a) Permitted Investments;

          (b) Investments, guarantees and loans existing on the Effective Date and set forth on
Schedule 6.06(b);

          (c) In addition to the investments described in (b) above, investments by the Borrower and the
Subsidiaries in Equity Interests in their respective Subsidiaries; provided that the
aggregate amount of investments made by Loan Parties in Non-Guarantors, together with all loans and
advances and Guarantees by Loan Parties to or for Non-Guarantors made pursuant to clauses (d) and
(f) below, shall not exceed $50,000,000 at any time outstanding;

          (d) In addition to the loans described in (b) above, loans or advances made by the Borrower to
any Subsidiary or made by any Subsidiary to the Borrower or any other Subsidiary; provided
that the amount of such loans and advances made by Loan Parties to Non-

          Guarantors, together with investments and Guarantees made pursuant to clause (c) above and
clause (f) below by Loan Parties in or for Non-Guarantors, shall not exceed $50,000,000 at any time
outstanding;

          (e) Obligations of the Borrower to any Subsidiary, or of any Subsidiary to the Borrower or any
other Subsidiary, arising from the management and investment of cash on a pooled basis in the
ordinary course of business;

          (f) Guarantees constituting permitted Indebtedness; provided that (i) a Subsidiary
shall not Guarantee any Indebtedness of the Borrower unless such Subsidiary is a Guarantor and (ii)
the aggregate principal amount of Indebtedness of Non-Guarantors that is Guaranteed by any Loan
Party pursuant to this clause (f), together with investments and loans and advances made by Loan
Parties in or to Non-Guarantors pursuant to clauses (c) and (d)

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above, shall not exceed $50,000,000 at any time outstanding (exclusive of investments, guaranties and loans described in clause (b)
immediately above);

          (g) Guarantees by the Borrower of accounts payable of Subsidiaries in the ordinary course of
business;

          (h) Investments received in connection with the bankruptcy or reorganization of, or settlement
of delinquent accounts and disputes with, customers and suppliers, in each case in the ordinary
course of business;

          (i) Investments in perpetual care trusts, pre-need trusts or similar transactions made (a) in
the ordinary course of such Person’s business and (b) subject to applicable Federal, state or local
regulations;

          (j) Equity Interests and debt obligations owned by the Borrower or any Subsidiary following a
transaction described in Section 6.07;

          (k) Equity Interests in Persons owned by the Borrower or any Subsidiary following the sale of
Equity Interests in Subsidiaries in transactions constituting asset dispositions permitted under
Section 6.07 and other investments in joint ventures engaged in businesses reasonably
related to the business of the Borrower as of the Effective Date; provided that no
investment shall be permitted pursuant to this clause (k) that, together with all other investments
permitted under this clause (k), would at any time have a book value exceeding $50,000,000 in the
aggregate;

          (l) Investments not permitted by any other clause of this Section, including Guarantees by the
Borrower of the Subsidiaries’ obligations (other than those for borrowed money); provided
that no investment shall be made pursuant to this clause (l) that, together with all other
investments made pursuant to this clause (l) after the Effective Date, would exceed $50,000,000 in
the aggregate; and

          (m) Permitted Acquisitions.

          Section 6.07 Limitation on Asset Sales. The Borrower will not, and will not permit any Subsidiary to, sell, transfer, lease or
otherwise dispose of any asset, including any Equity Interest, owned by it, nor will the Borrower
permit any of the Subsidiaries to issue any additional Equity Interest in such Subsidiary, except:

          (a) sales of inventory (including parcels in developed cemetery properties), used or surplus
equipment and Permitted Investments in the ordinary course of business;

          (b) sales, transfers and dispositions to the Borrower or a Subsidiary; provided that
any such sales, transfers or dispositions involving a Non-Guarantor shall be made in compliance
with Section 6.10 regarding Restrictions on Transactions with Affiliates below; and

          (c) sales, transfers, leases and other dispositions of assets (other than accounts receivable
or inventory) the sale of which is not otherwise permitted by any other clause; provided
that (i) the aggregate book value of all assets sold, transferred or otherwise disposed of

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in reliance upon this clause (c) shall not exceed 20% of the consolidated total assets of the
Borrower and the Subsidiaries as of December 31, 2010, as provided by the Borrower, in the
aggregate during the term hereof (as of December 31, 2010, such calculation of 20% of total net
assets results in an amount equal to $1,838,108,000), (ii) all sales, transfers, leases and other
dispositions permitted pursuant to this clause (c) shall be made for fair value and (iii) the
aggregate, non-cash consideration received in connection with all such sales shall not exceed
$200,000,000 during the term hereof.

          For purposes of this Section and Section 6.06, any transaction which is a “like kind
exchange” under Section 1031 of the Code shall be considered a disposition (if the Borrower or any
Subsidiary receives cash consideration upon the completion thereof) or an acquisition (if the
Borrower or a Subsidiary pays cash consideration upon the completion thereof) only upon the
completion of such transaction, and then only to the extent of the cash received or paid.

          Section 6.08 Swap Agreements. The Borrower will not, and will not permit any Subsidiary to, enter
into any Swap Agreement, except (a) Swap Agreements entered into to hedge or mitigate risks
(including foreign exchange risks) to which the Borrower or any Subsidiary has actual exposure
(other than in respect of Equity Interests or Indebtedness of the Borrower or any Subsidiary), and
(b) Swap Agreements entered into in order to effectively cap, collar or exchange interest rates
(from fixed to floating rates, from one floating rate to another floating rate or otherwise) with
respect to any interest-bearing liability or investment of the Borrower or any Subsidiary.

          Section 6.09 Limitation on Restricted Payments.

          (a) The Borrower will not, and will not permit any Subsidiary to, declare or make, or agree to
pay or make, directly or indirectly, any Restricted Payment except (i) that any Subsidiary may make
any Restricted Payment to the Borrower or any other Subsidiary (provided that no Loan Party
may make any Restricted Payment to a Non-Guarantor) and (ii) as otherwise provided herein. At any
time the Leverage Ratio on the date of the declaration of a dividend is greater than 3.75 to 1.0,
and so long as no Default or Event of Default exists at the time, or is created as a result of any
such dividend, the Borrower may declare and pay dividends with respect to its Equity Interests not
to exceed $75,000,000 in the aggregate in any calendar year (excluding any dividend in excess of a
rate of $18,750,000 per fiscal quarter declared when, on the date of its declaration, the Leverage
Ratio was less than or equal to 3.75 to 1.0). At any time the Leverage Ratio on the date of
declaration of a dividend or following the making of any other Restricted Payment is less than or
equal to 3.75 to 1.0, and so long as no Default or Event of Default exists at the time or is
created as a result of any such Restricted Payment, the provisions of this Section will not apply
to Restricted Payments. The Leverage Ratio will be determined pursuant to the most recent
quarterly compliance certificate; provided, that if such ratio decreases below 3.75 to 1.0
during any quarter solely as a result of a decrease in Total Debt or an increase in unrestricted
cash of the Borrower and the Subsidiaries, then such ratio, until the next quarterly compliance
certificate, for purposes of this subsection (a) may, at the Borrower’s option, be
determined pursuant to a certificate calculating such ratio and executed by an officer of the
Borrower.

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          (b) The Borrower will not, nor will it permit any Subsidiary to, make or agree to make,
directly or indirectly, any payment or other distribution (whether in cash, securities or other
property) in respect of principal of or interest on any Indebtedness, or any payment or other
distribution (whether in cash, securities or other property), including any sinking fund or similar
deposit, on account of the purchase, redemption, retirement, defeasance, acquisition, cancellation
or termination of any Indebtedness, except:

     (i) payment of Indebtedness created hereunder;

     (ii) regularly scheduled and other mandatory interest and principal payments as and
when due in respect of any Indebtedness permitted under Section 6.01;

     (iii) refinancings of permitted Indebtedness, including the payment of customary fees,
costs and expenses in connection therewith;

     (iv) the payment of secured Indebtedness that becomes due as a result of the voluntary
sale or transfer of the property or assets securing such Indebtedness to the extent such
sale or transfer is permitted;

     (v) the payment of Indebtedness of any Person acquired by the Borrower or any
Subsidiary that exists on the date of such acquisition; provided that such Person
becomes a Subsidiary as a result of such acquisition;

     (vi) payment of Indebtedness that matures prior to the Maturity Date; provided there
are no outstanding Revolving Loans;

     (vii) payment of Indebtedness that matures after the Maturity Date; provided
that (A) no Indebtedness described in clause (vi) above is outstanding, other than (1)
non-public Indebtedness disclosed on the Effective Date or (2) other non-public Indebtedness
incurred after the Effective Date in an aggregate amount not to exceed $10,000,000, and (B)
there are no outstanding Revolving Loans;

     (viii) prepayments and redemptions of Indebtedness of the Borrower or any Subsidiary
with proceeds of any issuance and sale of common stock of the Borrower;

     (ix) exchanges of common stock of the Borrower for Indebtedness of the Borrower or any
Subsidiary; and

     (x) other prepayments by the Borrower or any Subsidiary not permitted by any other
clause of this Section 6.09; provided that no Default exists at the time and
no such prepayment or redemption shall be made unless as of the date of the most recently
delivered financial statements, the Borrower has at least $50,000,000 in liquidity in the
form of unrestricted cash and Permitted Investments and at least $150,000,000 of total
liquidity, including (A) unrestricted cash, (B) Permitted Investments and (C) the difference
between the aggregate Commitments as of such date and the aggregate Credit
Exposure as of such date, and the Borrower or any Subsidiary has made such other
prepayments permitted under this clause (including the proposed prepayment) of not more than
$400,000,000 in the aggregate.

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          Section 6.10 Restrictions on Transactions with Affiliates. The Borrower will not, and will not
permit any Subsidiary to, sell, lease or otherwise transfer any property or assets to, or purchase,
lease or otherwise acquire any property or assets from, or otherwise engage in any other
transactions with, any of its Affiliates, except (a) transactions in the ordinary course of
business at prices and on terms and conditions not less favorable to the Borrower or such
Subsidiary than could be obtained on an arm’s-length basis from unrelated third parties, (b)
transactions between or among Loan Parties not involving any other Affiliate, (c) any investment,
loan or advance involving a Subsidiary that is permitted hereunder, (d) any Restricted Payment
permitted by Section 6.09 and (e) issuances of Equity Interests of the Borrower in
satisfaction of obligations under retirement plans.

          Section 6.11 Restrictions on Restrictive Agreements. The Borrower will not, and will not permit
any Subsidiary to, directly or indirectly, enter into, incur or permit to exist any agreement or
other arrangement that prohibits, restricts or imposes any condition upon (a) the ability of the
Borrower or any Subsidiary to create, incur or permit to exist any Lien upon any of its properties
or assets, or (b) the ability of any Subsidiary to pay dividends or other distributions with
respect to any shares of its capital stock or to make or repay loans or advances to the Borrower or
any other Subsidiary or to guarantee Indebtedness of the Borrower or any other Subsidiary that are,
in each case in this clause (b), more restrictive than that which exists as of the Effective Date;
provided that the foregoing shall not apply to (i) restrictions and conditions imposed by
law or by any Loan Document, (ii) restrictions and conditions existing on the Effective Date
identified on Schedule 6.11 (but shall apply to any extension or renewal of, or any
amendment or modification expanding the scope of, any such restriction or commitment), (iii)
restrictions and conditions contained in any extension, renewal, replacement, amendment or
modification of each indenture (including any supplemental indentures entered into pursuant to the
terms thereof) to which the Borrower is a party on the Effective Date and that is identified on the
schedule referenced in clause (ii) above, so long as such restrictions and conditions are not more
restrictive than those in the indenture being extended, renewed, replaced, amended or modified and
(iv) the foregoing shall not apply to customary restrictions and conditions contained in agreements
relating to the sale of a Subsidiary pending such sale, provided such restrictions and
conditions apply only to the Subsidiary that is to be sold and such sale is permitted hereunder.

          Section 6.12 Financial Covenants.

          (a) The Borrower will not permit the Leverage Ratio as of the last day of each fiscal quarter
to be greater than 4.00 to 1.00; provided that with respect to the last day of any fiscal
quarter occurring within the six months following a Qualified Acquisition, the Borrower will not
permit the Leverage Ratio to be greater than 4.25 to 1.00.

          (b) The Borrower will not permit the Interest Coverage Ratio as of the last day of each fiscal
quarter to be less than 3.00 to 1.00.

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ARTICLE VII

Events of Default

          If any of the following events (“Events of Default”) shall occur:

          (a) the Borrower shall fail to pay any principal of any Loan or any reimbursement obligation
in respect of any LC Disbursement when and as the same shall become due and payable, whether at the
due date thereof or at a date fixed for prepayment thereof or otherwise;

          (b) the Borrower shall fail to pay any interest on any Loan or any fee or any other amount
(other than an amount referred to in clause (a) of this Article) payable under this Agreement, when
and as the same shall become due and payable, and such failure shall continue unremedied for a
period of five Business Days;

          (c) any representation or warranty made or deemed made by or on behalf of the Borrower or any
Subsidiary in or in connection with this Agreement or any amendment or modification hereof or
waiver hereunder, or in any report, certificate, financial statement or other document furnished
pursuant to or in connection with this Agreement or any amendment or modification hereof or waiver
hereunder, shall prove to have been incorrect when made or deemed made;

          (d) the Borrower shall fail to observe or perform any covenant, condition or agreement
contained in Section 5.02, Section 5.03 (with respect to the Borrower’s existence)
or Section 5.08, Section 5.10 or in ARTICLE VI;

          (e) the Borrower shall fail to observe or perform any covenant, condition or agreement
contained in this Agreement (other than those specified in clause (a), (b) or (d) of this Article),
and such failure shall continue unremedied for a period of 30 days after notice thereof from the
Administrative Agent to the Borrower (which notice will be given at the request of any Lender);

          (f) the Borrower or any Subsidiary shall fail to make any payment (whether of principal or
interest and regardless of amount) in respect of any Material Indebtedness, when and as the same
shall become due and payable;

          (g) any event or condition occurs that results in any Material Indebtedness becoming due prior
to its scheduled maturity or that enables or permits (with or without the giving of notice, the
lapse of time or both) the holder or holders of any Material Indebtedness or any trustee or agent
on its or their behalf to cause any Material Indebtedness to become due, or to require the
prepayment, repurchase, redemption or defeasance thereof, prior to its scheduled maturity;
provided that this clause (g) shall not apply to secured Indebtedness that becomes due as a
result of the voluntary sale or transfer of the property or assets securing such Indebtedness;

          (h) an involuntary proceeding shall be commenced or an involuntary petition shall be filed
seeking (i) liquidation, reorganization or other relief in respect of the Borrower or any
Subsidiary or its debts, or of a substantial part of its assets, under any Federal, state or

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foreign bankruptcy, insolvency, receivership or similar law now or hereafter in effect or (ii) the
appointment of a receiver, trustee, custodian, sequestrator, conservator or similar official for
the Borrower or any Subsidiary or for a substantial part of its assets, and, in any such case, such
proceeding or petition shall continue undismissed for 60 days or an order or decree approving or
ordering any of the foregoing shall be entered;

          (i) the Borrower or any Subsidiary shall (i) voluntarily commence any proceeding or file any
petition seeking liquidation, reorganization or other relief under any Federal, state or foreign
bankruptcy, insolvency, receivership or similar law now or hereafter in effect, (ii) consent to the
institution of, or fail to contest in a timely and appropriate manner, any proceeding or petition
described in clause (h) of this Article, (iii) apply for or consent to the appointment of a
receiver, trustee, custodian, sequestrator, conservator or similar official for the Borrower or any
Subsidiary or for a substantial part of its assets, (iv) file an answer admitting the material
allegations of a petition filed against it in any such proceeding, (v) make a general assignment
for the benefit of creditors or (vi) take any action for the purpose of effecting any of the
foregoing;

          (j) the Borrower or any Subsidiary shall become unable, admit in writing its inability or fail
generally to pay its debts as they become due;

          (k) one or more judgments for the payment of money in an aggregate amount in excess of
$15,000,000 shall be rendered against the Borrower, any Subsidiary or any combination thereof and
the same shall remain undischarged for a period of 30 consecutive days during which execution shall
not be effectively stayed, or any action shall be legally taken by a judgment creditor to attach or
levy upon any assets of the Borrower or any Subsidiary to enforce any such judgment;

          (l) an ERISA Event shall have occurred that, in the opinion of the Required Lenders, when
taken together with all other ERISA Events that have occurred, could reasonably be expected to
result in liability of the Borrower and the Subsidiaries increasing after the Effective Date in an
aggregate amount exceeding (i) $15,000,000 in any year or (ii) $40,000,000 for all periods; or

          (m) a Change in Control shall occur;

then, and in every such event (other than an event with respect to the Borrower described in clause
(h) or (i) of this Article), and at any time thereafter during the continuance of such event, the
Administrative Agent may, and at the request of the Required Lenders shall, by notice to the
Borrower, take either or both of the following actions, at the same or different times: (i)
terminate the Commitments, and thereupon the Commitments shall terminate immediately, and (ii)
declare the Loans then outstanding to be due and payable in whole (or in part, in which case any
principal not so declared to be due and payable may thereafter be declared to be due and payable),
and thereupon the principal of the Loans so declared to be due and payable, together with accrued
interest thereon and all fees and other obligations of the Borrower accrued
hereunder, shall become due and payable immediately, without presentment, demand, protest or other
notice of any kind, all of which are hereby waived by the Borrower; and in case of any event with
respect to the Borrower described in clause (h) or (i) of this Article, the Commitments

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shall
automatically terminate and the principal of the Loans then outstanding, together with accrued
interest thereon and all fees and other obligations of the Borrower accrued hereunder, shall
automatically become due and payable, without presentment, demand, protest or other notice of any
kind, all of which are hereby waived by the Borrower, and (iii) take such other steps to collect
the Loans and protect the interest of the Lenders as shall be allowed by law or in equity.

ARTICLE VIII

The Administrative Agent

          Each of the Lenders and the Issuing Bank hereby irrevocably appoints the Administrative Agent
as its agent and authorizes the Administrative Agent to take such actions on its behalf and to
exercise such powers as are delegated to the Administrative Agent by the terms hereof, together
with such actions and powers as are reasonably incidental thereto.

          The bank serving as the Administrative Agent hereunder shall have the same rights and powers
in its capacity as a Lender as any other Lender and may exercise the same as though it were not the
Administrative Agent, and such bank and its Affiliates may accept deposits from, lend money to and
generally engage in any kind of business with the Borrower or any Subsidiary or other Affiliate
thereof as if it were not the Administrative Agent hereunder.

          The Administrative Agent shall not have any duties or obligations except those expressly set
forth herein. Without limiting the generality of the foregoing, (a) the Administrative Agent shall
not be subject to any fiduciary or other implied duties, regardless of whether a Default has
occurred and is continuing, (b) the Administrative Agent shall not have any duty to take any
discretionary action or exercise any discretionary powers, except discretionary rights and powers
expressly contemplated hereby that the Administrative Agent is required to exercise in writing as
directed by the Required Lenders (or such other number or percentage of the Lenders as shall be
necessary under the circumstances as provided in Section 9.02), and (c) except as expressly
set forth herein, the Administrative Agent shall not have any duty to disclose, and shall not be
liable for the failure to disclose, any information relating to the Borrower or any of the
Subsidiaries that is communicated to or obtained by the bank serving as Administrative Agent or any
of its Affiliates in any capacity. The Administrative Agent shall not be liable for any action
taken or not taken by it with the consent or at the request of the Required Lenders (or such other
number or percentage of the Lenders as shall be necessary under the circumstances as provided in
Section 9.02) or in the absence of its own gross negligence or willful misconduct. The
Administrative Agent shall be deemed not to have knowledge of any Default unless and until written
notice thereof is given to the Administrative Agent by the Borrower or a Lender, and the
Administrative Agent shall not be responsible for or have any duty to ascertain or inquire into (i)
any statement, warranty or representation made in or in connection with this Agreement, (ii) the
contents of any certificate, report or other document delivered hereunder or in connection
herewith, (iii) the performance or observance of any of the covenants, agreements or other terms or
conditions set forth herein, (iv) the validity,
enforceability, effectiveness or genuineness of this Agreement or any other agreement,
instrument or document, or (v) the satisfaction of any condition set forth in ARTICLE IV or

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elsewhere herein, other than to confirm receipt of items expressly required to be delivered to the
Administrative Agent.

          The Administrative Agent shall be entitled to rely upon, and shall not incur any liability for
relying upon, any notice, request, certificate, consent, statement, instrument, document or other
writing believed by it to be genuine and to have been signed or sent by the proper Person. The
Administrative Agent also may rely upon any statement made to it orally or by telephone and
believed by it to be made by the proper Person, and shall not incur any liability for relying
thereon. The Administrative Agent may consult with legal counsel (who may be counsel for the
Borrower), independent accountants and other experts selected by it, and shall not be liable for
any action taken or not taken by it in accordance with the advice of any such counsel, accountants
or experts.

          The Administrative Agent may perform any and all its duties and exercise its rights and powers
by or through any one or more sub-agents appointed by the Administrative Agent. The Administrative
Agent and any such sub-agent may perform any and all its duties and exercise its rights and powers
through their respective Related Parties. The exculpatory provisions of the preceding paragraphs
shall apply to any such sub-agent and to the Related Parties of the Administrative Agent and any
such sub-agent, and shall apply to their respective activities in connection with the syndication
of the credit facilities provided for herein as well as activities as Administrative Agent.

          Subject to the appointment and acceptance of a successor Administrative Agent as provided in
this paragraph, the Administrative Agent may resign at any time by notifying the Lenders, the
Issuing Bank and the Borrower. Upon any such resignation, the Required Lenders shall have the
right, in consultation with the Borrower, to appoint a successor. If no successor shall have been
so appointed by the Required Lenders and shall have accepted such appointment within 30 days after
the retiring Administrative Agent gives notice of its resignation, then the retiring Administrative
Agent may, on behalf of the Lenders and the Issuing Bank, appoint a successor Administrative Agent
which shall be a bank with an office in Houston, Texas, or an Affiliate of any such bank. Upon the
acceptance of its appointment as Administrative Agent hereunder by a successor, such successor
shall succeed to and become vested with all the rights, powers, privileges and duties of the
retiring Administrative Agent, and the retiring Administrative Agent shall be discharged from its
duties and obligations hereunder. The fees payable by the Borrower to a successor Administrative
Agent shall be the same as those payable to its predecessor unless otherwise agreed between the
Borrower and such successor. After the Administrative Agent’s resignation hereunder, the
provisions of this Article and Section 9.03 shall continue in effect for the benefit of
such retiring Administrative Agent, its sub agents and their respective Related Parties in respect
of any actions taken or omitted to be taken by any of them while it was acting as Administrative
Agent.

          Each Lender acknowledges that it has, independently and without reliance upon the
Administrative Agent or any other Lender and based on such documents and information as it has
deemed appropriate, made its own credit analysis and decision to enter into this Agreement. Each
Lender also acknowledges that it will, independently and without reliance
upon the Administrative Agent or any other Lender and based on such documents and information
as it shall from time to time deem appropriate, continue to make its own decisions in

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taking or not
taking action under or based upon this Agreement, any related agreement or any document furnished
hereunder or thereunder.

ARTICLE IX

Miscellaneous

          Section 9.01 Notices.

          (a) Except in the case of notices and other communications expressly permitted to be given by
telephone (and subject to paragraph (b) below), all notices and other communications provided for
herein shall be in writing and shall be delivered by hand or overnight courier service, mailed by
certified or registered mail or sent by telecopy or electronic mail, as follows:

          (i) if to the Borrower, to it at 1929 Allen Parkway, Houston, Texas 77019, Attention of
Chief Financial Officer (Phone No. (713) 525-7768; Telecopy No. (713) 525-7581; E-Mail
Address eric.tanzberger@sci-us.com), with copies to General Counsel (Phone No. (713)
525-5259; Telecopy No. (866) 548-3994; Email Address gregory.sangalis@sci-us.com) and
Director of Treasury (Phone No. (713) 525-9779; Telecopy No. (713) 525-5591; E-Mail Address
aaron.foley@sci-us.com);

          (ii) if to the Administrative Agent, Issuing Bank or Swingline Lender, to JPMorgan
Chase Bank, Loan and Agency Services Group, 10 South Dearborn, 19th Floor,
Chicago, Illinois 60603-2003, Attention Nanette Wilson (Phone No. (312) 385-7084; Telecopy
No. (312) 732-1544; E-Mail Address nanette.wilson@jpmchase.com), and a copy to JPMorgan
Chase Bank, 711 Travis Street, 8N-78, Houston, Texas 77002, Attention Debra Harris (Phone
No. (713) 216-5733; Telecopy No. (713) 215-4651; E-Mail Address debra.m.harris@chase.com);
and

          (iii) if to any other Lender, to it at its address (or telecopy number) set forth in
its Administrative Questionnaire.

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

          (c) Any party hereto may change its address or telecopy number for notices and other
communications hereunder by notice to the other parties hereto. All notices and other
communications given to any party hereto in accordance with the provisions of this Agreement
shall be deemed to have been given on the date of receipt.

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          Section 9.02
Waivers; Amendments; Release of Guarantors.

          (a) No failure or delay by the Administrative Agent, the Issuing Bank or any Lender in
exercising any right or power hereunder shall operate as a waiver thereof, nor shall any single or
partial exercise of any such right or power, or any abandonment or discontinuance of steps to
enforce such a right or power, preclude any other or further exercise thereof or the exercise of
any other right or power. The rights and remedies of the Administrative Agent, the Issuing Bank
and the Lenders hereunder are cumulative and are not exclusive of any rights or remedies that they
would otherwise have. No waiver of any provision of this Agreement or consent to any departure by
the Borrower there from shall in any event be effective unless the same shall be permitted by
paragraph (b) of this Section, and then such waiver or consent shall be effective only in the
specific instance and for the purpose for which given. Without limiting the generality of the
foregoing, the making of a Loan or issuance of a Letter of Credit shall not be construed as a
waiver of any Default, regardless of whether the Administrative Agent, any Lender or the Issuing
Bank may have had notice or knowledge of such Default at the time.

          (b) Neither this Agreement nor any provision hereof may be waived, amended or modified except
pursuant to an agreement or agreements in writing entered into by the Borrower and the Required
Lenders or by the Borrower and the Administrative Agent with the consent of the Required Lenders;
provided that no such agreement shall (i) increase the Commitment of any Lender without
the written consent of such Lender, (ii) reduce the principal amount of any Loan or LC Disbursement
or reduce the rate of interest thereon, or reduce any fees payable hereunder, without the written
consent of each Lender affected thereby, (iii) postpone the scheduled date of payment of the
principal amount of any Loan or LC Disbursement, or any interest thereon, or any fees payable
hereunder, or reduce the amount of, waive or excuse any such payment, or postpone the scheduled
date of expiration of any Commitment, without the written consent of each Lender affected thereby,
(iv) change Section 2.18(b) or (c) in a manner that would alter the pro rata
sharing of payments required thereby, without the written consent of each Lender, (v) permit an
Interest Period with a duration in excess of six (6) months, (vi) change any provisions of
Section 2.21 or the definition of “Defaulting Lender”, or (vii) change any of the
provisions of this Section or the definition of “Required Lenders” or any other provision hereof
specifying the number or percentage of Lenders required to waive, amend or modify any rights
hereunder or make any determination or grant any consent hereunder, without the written consent of
each Lender; provided further that no such agreement shall amend, modify or
otherwise affect the rights or duties of the Administrative Agent, the Issuing Bank or the
Swingline Lender hereunder without the prior written consent of the Administrative Agent, the
Issuing Bank or the Swingline Lender, as the case may be. Notwithstanding the foregoing, the
Administrative Agent may, in its discretion, waive the provisions of ARTICLE VII(i) and (j)
with respect to any Non-Guarantor if the Borrower determines in good faith that the termination of
the existence of such Non-Guarantor is in the interest of the Borrower and not materially
disadvantageous to the Lenders.

          (c) Notwithstanding any contrary position in this Agreement or any other Loan Document, if (a)
a Guarantor is no longer a Subsidiary and (b) at the time such Guarantor became a non-subsidiary,
no Event of Default then existed, then such Guarantor shall be automatically released from its
obligations under the Guarantee Agreement to which it is a party, without need for any formal
action by the Administrative Agent or any Lender; and the Administrative Agent will confirm such
release by a notice to the Borrower upon receipt of a request therefor.

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          Section 9.03 Expenses; Indemnity; Damage Waiver.

          (a) The Borrower shall pay (i) all reasonable out of pocket expenses incurred by the
Administrative Agent and its Affiliates, including the reasonable fees, charges and disbursements
of counsel for the Administrative Agent, in connection with the syndication of the credit
facilities provided for herein, the preparation and administration of this Agreement or any
amendments, modifications or waivers of the provisions hereof (whether or not the transactions
contemplated hereby or thereby shall be consummated), (ii) all reasonable out-of-pocket expenses
incurred by the Issuing Bank in connection with the issuance, amendment, renewal or extension of
any Letter of Credit or any demand for payment thereunder and (iii) all out-of-pocket expenses
incurred by the Administrative Agent, the Issuing Bank or any Lender, including the fees, charges
and disbursements of any counsel for the Administrative Agent, the Issuing Bank or any Lender, in
connection with the enforcement or protection of its rights in connection with this Agreement,
including its rights under this Section, or in connection with the Loans made or Letters of Credit
issued hereunder, including all such out-of pocket expenses incurred during any workout,
restructuring or negotiations in respect of such Loans or Letters of Credit.

          (b) The Borrower shall indemnify the Administrative Agent, the Issuing Bank and each Lender,
and each Related Party of any of the foregoing Persons (each such Person being called an
“Indemnitee”) against, and hold each Indemnitee harmless from, any and all losses, claims,
damages, liabilities and related expenses, including the fees, charges and disbursements of any
counsel for any Indemnitee, incurred by or asserted against any Indemnitee arising out of, in
connection with, or as a result of (i) the execution or delivery of this Agreement or any agreement
or instrument contemplated hereby, the performance by the parties hereto of their respective
obligations hereunder or the consummation of the Transactions or any other transactions
contemplated hereby, (ii) any Loan or Letter of Credit or the use of the proceeds there from
(including any refusal by the Issuing Bank to honor a demand for payment under a Letter of Credit
if the documents presented in connection with such demand do not strictly comply with the terms of
such Letter of Credit), (iii) any actual or alleged presence or release of Hazardous Materials on
or from any property owned or operated by the Borrower or any Subsidiary, or any Environmental
Liability related in any way to the Borrower or any Subsidiary, or (iv) any actual or prospective
claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on
contract, tort or any other theory and regardless of whether any Indemnitee is a party thereto;
provided that such indemnity shall not, as to any Indemnitee, be available to the extent
that such losses, claims, damages, liabilities or related expenses are determined by a court of
competent jurisdiction by final and nonappealable judgment to have resulted from the gross
negligence or willful misconduct of such Indemnitee.

          (c) To the extent that the Borrower fails to pay any amount required to be paid by it to (i)
the Issuing Bank or the Swingline Lender under paragraph (a) or (b) of this Section, each Lender
severally agrees to pay to the Issuing Bank or the Swingline Lender, as the case may be, such
Lender’s Applicable Percentage (determined as of the time that the applicable unreimbursed expense
or indemnity payment is sought) of such unpaid amount; provided that the unreimbursed
expense or indemnified loss, claim, damage, liability or related expense, as the case may be, was incurred by or asserted against the Administrative Agent, the Issuing Bank or
the Swingline Lender in its capacity as such, and (ii) the Administrative Agent under paragraph

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(a) or (b) of this Section, each Lender severally agrees to pay its pro-rata share of such amount to
the Administrative Agent.

          (d) To the extent permitted by applicable law, the Borrower shall not assert, and hereby
waives, any claim against any Indemnitee, on any theory of liability, for special, indirect,
consequential or punitive damages (as opposed to direct or actual damages) arising out of, in
connection with, or as a result of, this Agreement or any agreement or instrument contemplated
hereby, the Transactions, any Loan or Letter of Credit or the use of the proceeds thereof.

          (e) All amounts due under this Section shall be payable promptly after written demand
therefor.

          WITHOUT LIMITING ANY PROVISION OF THIS AGREEMENT, IT IS THE EXPRESS INTENTION OF THE PARTIES
HERETO THAT EACH PERSON TO BE INDEMNIFIED HEREUNDER SHALL BE INDEMNIFIED AND HELD HARMLESS AGAINST
ANY AND ALL LOSSES, LIABILITIES, CLAIMS AND DAMAGES ARISING OUT OF OR RESULTING FROM THE ORDINARY,
SOLE AND CONTRIBUTORY NEGLIGENCE OF SUCH PERSON.

          Section 9.04 Successors and Assigns.

          (a) The provisions of this Agreement shall be binding upon and inure to the benefit of the
parties hereto and their respective successors and assigns permitted hereby (including any
Affiliate of the Issuing Bank that issues any Letter of Credit), except that (i) the Borrower may
not assign or otherwise transfer any of its rights or obligations hereunder without the prior
written consent of each Lender (and any attempted assignment or transfer by the Borrower without
such consent shall be null and void) and (ii) no Lender may assign or otherwise transfer its rights
or obligations hereunder except in accordance with this Section. 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 (including any Affiliate of the Issuing
Bank that issues any Letter of Credit), Participants (to the extent provided in paragraph (c) of
this Section) and, to the extent expressly contemplated hereby, the Related Parties of each of the
Administrative Agent, the Issuing Bank and the Lenders) any legal or equitable right, remedy or
claim under or by reason of this Agreement.

          (b) (i) Subject to the conditions set forth in paragraph (b)(ii) below, any Lender may assign
to one or more assignees all or a portion of its rights and obligations under this Agreement
(including all or a portion of its Commitment and the Loans at the time owing to it) with the prior
written consent (such consent not to be unreasonably withheld) of:

          (A) the Borrower, provided that no consent of the Borrower shall be required
for an assignment to a Lender, an Affiliate of a Lender or, if an Event of Default has
occurred and is continuing, any other assignee, provided further that the
Borrower shall be deemed to have consented to any such assignment unless it shall object thereto
by written notice to the Administrative Agent within five Business Days after having
received written notice thereof;

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          (B) the Administrative Agent, provided that no consent of the Administrative
Agent shall be required for an assignment to an assignee that is a Lender or an Affiliate of
a Lender; and

          (C) the Issuing Bank and Swingline Lender.

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

          (A) except in the case of an assignment to a Lender or an Affiliate of a Lender or an
assignment of the entire remaining amount of the assigning Lender’s Commitment or Loans, the
amount of the Commitment or Loans of the assigning Lender subject to each such assignment
(determined as of the date the Assignment and Assumption with respect to such assignment is
delivered to the Administrative Agent) shall not be less than $5,000,000 unless each of the
Borrower and the Administrative Agent otherwise consent, provided that no such
consent of the Borrower shall be required if an Event of Default under clause (a), (b), (h)
or (i) of ARTICLE VII has occurred and is continuing;

          (B) 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;

          (C) the parties to each assignment shall execute and deliver to the Administrative
Agent an Assignment and Assumption, together with a processing and recordation fee of
$3,500; and

          (D) the assignee, if it shall not be a Lender, shall deliver to the Administrative
Agent an Administrative Questionnaire.

     (iii) Subject to acceptance and recording thereof pursuant to paragraph (b)(iv) of this
Section, from and after the effective date specified in each Assignment and Assumption the
assignee thereunder shall be a party hereto and, to the extent of the interest assigned by
such Assignment and Assumption, have the rights and obligations of a Lender under this
Agreement, and the assigning Lender thereunder shall, to the extent of the interest assigned
by such Assignment and Assumption, be released from its obligations under this Agreement
(and, in the case of an Assignment and Assumption covering all of the assigning Lender’s
rights and obligations under this Agreement, such Lender shall cease to be a party hereto
but shall continue to be entitled to the benefits of Section 2.15, Section
2.16, Section 2.17 and Section 9.03; provided that such release
shall not affect any legal responsibility for such Lender’s actions and failures to act
occurring before the effective date of such Assignment and Assumption). Any assignment or
transfer by a Lender of rights or obligations under this Agreement that does not comply with
this Section 9.04 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 paragraph (c) of this Section.

     (iv) The Administrative Agent, acting for this purpose as an agent of the Borrower,
shall maintain at one of its offices a copy of each Assignment and Assumption

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delivered to it and a register for the recordation of the names and addresses of the Lenders, and the
Commitment of, and principal amount of the Loans and LC Disbursements owing to, each Lender
pursuant to the terms hereof from time to time (the “Register”). The entries in the
Register shall be conclusive, and the Borrower, the Administrative Agent, the Issuing Bank
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 Borrower, the
Issuing Bank and any Lender, at any reasonable time and from time to time upon reasonable
prior notice.

     (v) Upon its receipt of a duly completed Assignment and Assumption executed by an
assigning Lender and an assignee, the assignee’s completed Administrative Questionnaire
(unless the assignee shall already be a Lender hereunder), the processing and recordation
fee referred to in paragraph (b) of this Section and any written consent to such assignment
required by paragraph (b) of this Section, the Administrative Agent shall accept such
Assignment and Assumption and record the information contained therein in the Register;
provided that if either the Assigning Lender or the assignee shall have failed to
make any payment required to be made by it pursuant to Section 2.05(c), Section
2.06(d), Section 2.06(e), Section 2.07(b), Section 2.18(d), or
Section 9.03(c), the Administrative Agent shall have no obligation to accept such
Assignment and Assumption and record the information therein in the Register unless and
until such payment shall have been made in full, together with all accrued interest thereon.
No assignment shall be effective for purposes of this Agreement unless it has been recorded
in the Register as provided in this paragraph.

          (c) (i) Any Lender may, without the consent of the Borrower, the Administrative Agent, the
Issuing Bank or the Swingline Lender, sell participations to one or more banks or other entities (a
“Participant”) in all or a portion of such Lender’s rights and obligations under this
Agreement (including all or a portion of its Commitment and the Loans owing to it);
provided that (A) such Lender’s obligations under this Agreement shall remain unchanged,
(B) such Lender shall remain solely responsible to the other parties hereto for the performance of
such obligations and (C) the Borrower, the Administrative Agent, the Issuing Bank 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, modification
or waiver described in the first proviso to Section 9.02(b) that affects such Participant.
Subject to paragraph (c)(ii) of this Section, the Borrower agrees that each Participant shall be
entitled to the benefits of Section 2.15, Section 2.16 and Section 2.17 to
the same extent as if it were a Lender and had acquired its interest by assignment pursuant to
paragraph (b) of this Section. To the extent permitted by law, each Participant also shall be
entitled to the benefits of Section 9.08 as though it were a Lender, provided such
Participant agrees to be subject to Section 2.18(c) as though it were a Lender.

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(ii) A Participant shall not be entitled to receive any greater payment under
Section 2.15 or Section 2.17 than the applicable Lender would have
been entitled to receive with respect to the participation sold to such Participant,
unless the sale of the participation to such Participant is made with the Borrower’s
express prior written consent. A Participant that would be a Foreign Lender if it
were a Lender shall not be entitled to the benefits of Section 2.17 unless
the Borrower is notified of the participation sold to such Participant and such
Participant agrees, for the benefit of the Borrower, to comply with Section
2.17(e) as though it were a Lender.

          (d) Any Lender may at any time pledge or assign a security interest in all or any portion of
its rights under this Agreement to secure obligations of such Lender, including without limitation
any pledge or assignment to secure obligations to a Federal Reserve Bank, and this Section shall
not apply to any such pledge or assignment of a security interest; provided that no such
pledge or assignment of a security interest shall release a Lender from any of its obligations
hereunder or substitute any such pledgee or assignee for such Lender as a party hereto.

          Section 9.05 Survival. All covenants, agreements, representations and warranties made by the
Borrower herein and in the certificates or other instruments delivered in connection with or
pursuant to this Agreement shall be considered to have been relied upon by the other parties hereto
and shall survive the execution and delivery of this Agreement and the making of any Loans and
issuance of any Letters of Credit, regardless of any investigation made by any such other party or
on its behalf and notwithstanding that the Administrative Agent, the Issuing Bank or any Lender may
have had notice or knowledge of any Default or incorrect representation or warranty at the time any
credit is extended hereunder, and shall continue in full force and effect as long as the principal
of or any accrued interest on any Loan or any fee or any other amount payable under this Agreement
is outstanding and unpaid or any Letter of Credit is outstanding and so long as the Commitments
have not expired or terminated. The provisions of Section 2.15, Section 2.16,
Section 2.17, Section 9.03, Section 9.12 and ARTICLE VIII shall
survive and remain in full force and effect regardless of the consummation of the transactions
contemplated hereby, the repayment of the Loans, the expiration or termination of the Letters of
Credit and the Commitments or the termination of this Agreement or any provision hereof.

          Section 9.06 Counterparts; Integration; Effectiveness. This Agreement may be executed in
counterparts (and by different parties hereto on different counterparts), each of which may be
delivered by electronic or telecopy transmission and each of which shall constitute an original,
but all of which when taken together shall constitute a single contract. The Loan Documents and
any separate letter agreements with respect to fees payable to the Administrative Agent constitute
the entire contract among the parties relating to the subject matter hereof and supersede any and all previous agreements
and understandings, oral or written, relating to the subject matter hereof. Except as provided in
Section 4.01, this Agreement shall become effective when it shall have been executed by the
Administrative Agent and when the Administrative Agent shall have received counterparts hereof
which, when taken together, bear the signatures of each of the other parties hereto, and thereafter
shall be binding upon and inure to the benefit of the parties hereto and their respective
successors and assigns. Delivery of an

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executed counterpart of a signature page of this Agreement
by telecopy shall be effective as delivery of a manually executed counterpart of this Agreement.

          Section 9.07 Severability. Any provision of this Agreement held to be invalid, illegal or
unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of
such invalidity, illegality or unenforceability without affecting the validity, legality and
enforceability of the remaining provisions hereof; and the invalidity of a particular provision in
a particular jurisdiction shall not invalidate such provision in any other jurisdiction.

          Section 9.08 Right of Setoff. If an Event of Default shall have occurred and be continuing, each
Lender and each of its Affiliates is hereby authorized at any time and from time to time, 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 and other obligations at any time owing by
such Lender or Affiliate to or for the credit or the account of the Borrower against any of and all
the obligations of the Borrower now or hereafter existing under this Agreement held by such Lender,
irrespective of whether or not such Lender shall have made any demand under this Agreement and
although such obligations may be unmatured. The rights of each Lender under this Section are in
addition to other rights and remedies (including other rights of setoff) which such Lender may
have.

          Section 9.09 Governing Law; Jurisdiction; Consent to Service of Process.

          (a) This Agreement shall be construed in accordance with and governed by the law of the State
of Texas.

          (b) The Borrower hereby irrevocably and unconditionally submits, for itself and its property,
to the nonexclusive jurisdiction of the District Courts of the State of Texas sitting in Houston,
Harris County, Texas and of the United States District Court of the Southern District of Texas, and
any appellate court from any thereof, in any action or proceeding arising out of or relating to
this Agreement, or for recognition or enforcement of any judgment, and each of the parties hereto
hereby irrevocably and unconditionally agrees that all claims in respect of any such action or
proceeding may be heard and determined in such Texas State or, to the extent permitted by law, in
such Federal court. Each of the parties hereto agrees that a final judgment in any such action or
proceeding shall be conclusive and may be enforced in other jurisdictions by suit on the judgment
or in any other manner provided by law. Nothing in this Agreement shall affect any right that the Administrative Agent, the Issuing Bank or any Lender may
otherwise have to bring any action or proceeding relating to this Agreement against the Borrower or
its properties in the courts of any jurisdiction.

          (c) Each party hereby irrevocably and unconditionally waives, to the fullest extent it may
legally and effectively do so, any objection which it may now or hereafter have to the laying of
venue of any suit, action or proceeding arising out of or relating to this Agreement in any court
referred to in paragraph (b) of this Section. Each of the parties hereto hereby irrevocably
waives, to the fullest extent permitted by law, the defense of an inconvenient forum to the
maintenance of such action or proceeding in any such court.

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          (d) Each party to this Agreement irrevocably consents to service of process in the manner
provided for notices in Section 9.01. Nothing in this Agreement will affect the right of
any party to this Agreement to serve process in any other manner permitted by law.

          Section 9.10 WAIVER OF JURY TRIAL. EACH PARTY HERETO HEREBY WAIVES, TO THE FULLEST EXTENT
PERMITTED BY APPLICABLE LAW, ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN ANY LEGAL PROCEEDING
DIRECTLY OR INDIRECTLY ARISING OUT OF OR RELATING TO THIS AGREEMENT OR THE TRANSACTIONS
CONTEMPLATED HEREBY (WHETHER BASED ON CONTRACT, TORT OR ANY OTHER THEORY). EACH PARTY HERETO (A)
CERTIFIES THAT NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PARTY HAS REPRESENTED, EXPRESSLY
OR OTHERWISE, THAT SUCH OTHER PARTY WOULD NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE THE
FOREGOING WAIVER AND (B) ACKNOWLEDGES THAT IT AND THE OTHER PARTIES HERETO HAVE BEEN INDUCED TO
ENTER INTO THIS AGREEMENT BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS
SECTION.

          Section 9.11 Headings. Article and Section headings and the Table of Contents used herein are for
convenience of reference only, are not part of this Agreement and shall not affect the construction
of, or be taken into consideration in interpreting, this Agreement.

          Section 9.12 Confidentiality. Each of the Administrative Agent, the Issuing Bank and the Lenders
agrees to maintain the confidentiality of the Information (as defined below), except that
Information may be disclosed (a) to its and its Affiliates’ directors, officers, employees and
agents, including accountants, legal counsel and other advisors (it being understood that the
Persons to whom such disclosure is made will be informed of the confidential nature of such
Information and instructed to keep such Information confidential), (b) to the extent requested by
any regulatory authority, (c) to the extent required by applicable laws or regulations or by any
subpoena or similar legal process, (d) to any other party to this Agreement, (e) in connection with
the exercise of any remedies hereunder or any suit, action or proceeding relating to this Agreement
or the enforcement of rights hereunder, (f) subject to an agreement containing provisions
substantially the same as those of this Section, to (i) any assignee of or Participant in, or any
prospective assignee of or Participant in, any of its rights or obligations under this Agreement,
(ii) any pledgee referred to in Section 9.04(d), or (iii) any actual or prospective
counterparty (or its advisors) to any swap or derivative transaction relating to the Borrower and
its obligations, (g) with the consent of the Borrower or (h) to the extent such Information (i)
becomes publicly available other than as a result of a breach of this Section or (ii) becomes
available to the Administrative Agent, the Issuing Bank or any Lender on a nonconfidential basis
from a source other than the Borrower. For the purposes of this Section, “Information”
means all information received from the Borrower relating to the Borrower or its business, other
than any such information that is available to the Administrative Agent, the Issuing Bank or any
Lender on a nonconfidential basis prior to disclosure by the Borrower; provided that, in
the case of information received from the Borrower after the Effective Date, such information is
clearly identified at the time of delivery as confidential. Any Person required to maintain the
confidentiality of Information as provided in this Section shall be considered to have complied
with its obligation to do so if such Person has exercised the same degree of care

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to maintain the confidentiality of such Information as such Person would accord to its own confidential
information.

          Section 9.13 Interest Rate Limitation. Notwithstanding anything herein to the contrary, in no
event whatsoever shall the amount contracted for, charged, paid or otherwise agreed to be paid to
or received by the Agent or any Lender for the use, forbearance or detention of money under this
Agreement or any Loan Document or otherwise exceed the maximum non-usurious rate pursuant to
applicable law (the “Maximum Rate”), and if at any time the interest rate applicable to any
Loan, together with all fees, charges and other amounts which are treated as interest on such Loan
under applicable law (collectively the “Charges”), shall exceed the Maximum Rate, the rate
of interest payable in respect of such Loan hereunder, together with all Charges payable in respect
thereof, shall be limited to the Maximum Rate and, to the extent lawful, the interest and Charges
that would have been payable in respect of such Loan but were not payable as a result of the
operation of this Section shall be cumulated and the interest and Charges payable to such Lender in
respect of other Loans or periods shall be increased (but not above the Maximum Rate therefor)
until such cumulated amount, together with interest thereon at the Federal Funds Effective Rate to
the date of repayment, shall have been received by such Lender. Anything in this Agreement or any
other Loan Document to the contrary notwithstanding, the Borrower shall not be required to pay
unearned interest and shall never be required to pay interest at a rate in excess of the Maximum
Rate, and if the effective rate of interest which would otherwise be payable under this Agreement
and the other Loan Documents would exceed the Maximum Rate, or if the Agent or any Lender shall
receive any unearned interest or shall receive monies that are deemed to constitute interest which
would increase the effective rate of interest payable by the Borrower under this Agreement or Loan
Document to a rate in excess of the Maximum Rate, then (a) the amount of interest which would
otherwise be payable by the Borrower under this Agreement or any Loan Document shall be reduced to
the amount allowed under applicable law, and (b) any unearned interest paid by the Borrower or any
interest paid by the Borrower in excess of the Maximum Rate shall be credited on the principal of
(or, if the principal amount shall have been paid in full, refunded to the Borrower). It is
further agreed that, without limitation of the foregoing, all calculations of the rate of interest
contracted for, charged or received by any Lender under this
Agreement or any Loan Document, are made for the purpose of determining whether such rate
exceeds the Maximum Rate, and shall be made by amortizing, prorating and spreading in equal parts
during the period of the full stated term of the Loans evidenced by said Notes all interest at any
time contracted for, charged or received by such Lender in connection therewith.

          Section 9.14 USA Patriot Act. Each Lender that is subject to the requirements of the USA Patriot
Act (Title III of Pub. L. 107-56 (signed into law October 26, 2001)) (the “Patriot Act”)
hereby notifies the Borrower that pursuant to the requirements of the Patriot Act, it is required
to obtain, verify and record information that identifies the Borrower, which information includes
the name and address of the Borrower and other information that will allow such Lender to identify
the Borrower in accordance with the Patriot Act.

          Section 9.15 Amendment and Restatement. This Agreement is an amendment and restatement of that
certain Amended and Restated Credit Agreement (as amended and supplemented to the Effective Date,
the “2009 Credit Agreement”) dated November 18, 2009 by and among the Borrower, the
Administrative Agent, BBVA Compass and Bank of Nova Scotia,

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as Documentation Agents, and the lenders party thereto. Any Borrowing Request submitted under the 2009 Credit Agreement for any
Revolving Loan to be made on or after the Effective Date shall be a Borrowing Request hereunder.

          Section 9.16 FINAL AGREEMENT OF THE PARTIES. THIS WRITTEN AGREEMENT (INCLUDING THE EXHIBITS AND
SCHEDULES HERETO) AND THE OTHER LOAN DOCUMENTS CONSTITUTE A “LOAN AGREEMENT” AS DEFINED IN SECTION
26.02(a) OF THE TEXAS BUSINESS AND COMMERCE CODE, AND REPRESENT THE FINAL AGREEMENT BETWEEN THE
PARTIES RELATING TO THE SUBJECT MATTER HEREOF AND THEREOF AND MAY NOT BE CONTRADICTED BY EVIDENCE
OF PRIOR, CONTEMPORANEOUS OR SUBSEQUENT ORAL AGREEMENTS OF THE PARTIES. THERE ARE NO UNWRITTEN
ORAL AGREEMENTS BETWEEN THE PARTIES RELATING TO THE SUBJECT MATTER HEREOF AND THEREOF. Any
previous agreement among the parties with respect to the subject matter hereof is superseded by
this Agreement. Nothing in this Agreement, expressed or implied, is intended to confer upon any
party other than the parties hereto any rights, remedies, obligations or liabilities under or by
reason of this Agreement.

[END OF TEXT]

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

	 	 	 	 	 
	BORROWER:  	
SERVICE CORPORATION INTERNATIONAL

 	 
	 	By:  	/s/ Eric D. Tanzberger
 	 
	 	 	Eric D. Tanzberger 	 
	 	 	Senior Vice President, Chief Financial Officer
and Teasurer 	 
	 

Signature Page to Credit Agreement

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	ADMINISTRATIVE AGENT AND LENDER:	 	
JPMORGAN CHASE BANK, N.A.

 	 
	 	By:  	/s/ Robert L. Mendoza
 	 
	 	 	Name:  	Robert L. Mendoza 	 
	 	 	Title:  	Vice President 	 
	 

Signature Page to Credit Agreement

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	SYNDICATION AGENT AND LENDER: 	 	BANK OF AMERICA, N.A.

 	 
	 	By:  	/s/ Gary L. Mingle
 	 
	 	 	Name:  	Gary L. Mingle 	 
	 	 	Title:  	Senior Vice President 	 
	 

Signature Page to Credit Agreement

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	CO-DOCUMENTATION AGENT AND LENDER:  	 	COMPASS BANK

 	 
	 	By:  	/s/ Payton K. Swope
 	 
	 	 	Name:  	Payton K. Swope 	 
	 	 	Title:  	Vice President 	 

	 	 	 	 	 
	 	 	THE BANK OF NOVA SCOTIA

 	 
	 	By:  	/s/ Paula Czach
 	 
	 	 	Name:  	Paula Czach 	 
	 	 	Title:  	Managing Director 	 

	 	 	 	 	 
	 	 	SUNTRUST BANK

 	 
	 	By:  	/s/ David Simpson
 	 
	 	 	Name:  	David Simpson 	 
	 	 	Title:  	Vice President 	 
	 

Signature Page to Credit Agreement

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	LENDER:  	 	REGIONS BANK

 	 
	 	By:  	/s/ Bill Bobbora
 	 
	 	 	Name:  	Bill Bobbora 	 
	 	 	Title:  	Senior Vice President 	 

	 	 	 	 	 
	 	 	 U.S. BANK NATIONAL ASSOCIATION

 	 
	 	By:  	/s/ Kenneth R. Fieler
 	 
	 	 	Name:  	Kenneth R. Fieler 	 
	 	 	Title:  	Assistant Vice President 	 

	 	 	 	 	 
	 	 	 WELLS FARGO BANK, N.A.

 	 
	 	By:  	/s/ Reginald M. Goldsmith III
 	 
	 	 	Name:  	Reginald M. Goldsmith III 	 
	 	 	Title:  	Managing Director 	 

	 	 	 	 	 
	 	AMEGY BANK NATIONAL ASSOCIATION

 	 
	 	By:  	/s/ Kelly Nash
 	 
	 	 	Name:  	Kelly Nash 	 
	 	 	Title:  	Corporate Banking Officer 	 

	 	 	 	 	 
	 	 	BOKF, NA dba BANK OF TEXAS

 	 
	 	By:  	/s/ Marian Livingston
 	 
	 	 	Name:  	Marian Livingston 	 
	 	 	Title:  	Senior Vice President 	 

	 	 	 	 	 
	 	 	RAYMOND JAMES BANK, FSB

 	 
	 	By:  	/s/ Garrett McKinnon
 	 
	 	 	Name:  	Garret McKinnon 	 
	 	 	Title:  	Senior Vice President 	 

	 	 	 	 	 
	 	 BRANCH BANKING AND TRUST COMPANY

 	 
	 	By:  	/s/ De Von J. Lang
 	 
	 	 	Name:  	De Von J. Lang 	 
	 	 	Title:  	Vice President 	 

	 	 	 	 	 
	 	 	 COMERICA BANK

 	 
	 	By:  	/s/ Eoin Collins
 	 
	 	 	Name:  	Eoin Collins 	 
	 	 	Title:  	Senior Vice President 	 

	 	 	 	 	 
	 	 	 ROYAL BANK OF CANADA

 	 
	 	By:  	/s/ Dustin Craven
 	 
	 	 	Name:  	Dustin Craven 	 
	 	 	Title:  	Attorney-in-Fact 	 

Signature Page to Credit Agreement

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EXHIBIT 1.01A 

SECOND AMENDED AND RESTATED

GUARANTEE AGREEMENT

     THIS SECOND AMENDED AND RESTATED GUARANTEE AGREEMENT (this “Guarantee”) dated as of
March 18, 2011, made by each of the undersigned Subsidiaries of the Borrower (as defined below) and
such other Subsidiaries of the Borrower which hereafter become parties to this Guarantee (each, a
“Guarantor,” and collectively, the “Guarantors”), in favor of JPMorgan Chase Bank,
N.A. as Administrative Agent (the “Agent”) for the benefit of the Lenders pursuant to that
certain Second Amended and Restated Revolving Credit Agreement dated as of even date herewith (the
“Credit Agreement”), by and among the Borrower, the Agent and the Lenders.

W I T N E S S E T H

     WHEREAS, pursuant to the Credit Agreement, the Lenders have agreed to make Loans to Service
Corporation International, a Texas corporation (the “Borrower”) in a manner and upon the
terms and conditions set forth therein;

     WHEREAS, in accordance with the Credit Agreement, the Agent requires that the Guarantors
execute a guarantee agreement guaranteeing the Obligations of the Borrower under the Credit
Agreement;

     NOW, THEREFORE, in consideration of the premises and agreements herein and in order to induce
the Lenders to make the Loans pursuant to the Credit Agreement, the Guarantors hereby agree as
follows:

     Section 1. Definitions. Capitalized terms used herein and not otherwise defined shall have the
respective meanings assigned thereto in the Credit Agreement.

     Section 2. Guarantee of Payment. Each Guarantor (not merely as a surety or guarantor of
collection) hereby jointly, severally, unconditionally and irrevocably, guarantees the punctual
payment and performance when due, whether at stated maturity, as an installment, by prepayment or
by demand, acceleration or otherwise, of all Obligations of the Borrower heretofore or hereafter
existing. If any or all of the Obligations become due and payable under the Credit Agreement, the
Guarantors jointly and severally and unconditionally promise to pay such Obligations, on demand,
together with any and all expenses (including reasonable counsel fees and expenses), which may be
incurred by the Agent in collecting any of the Obligations and in connection with the protection,
defense and enforcement of any rights under the Credit Agreement or under any other Loan Document
(the “Expenses”). The Guarantors guarantee that the Obligations shall be paid strictly in
accordance with the terms of the Credit Agreement. The Obligations include, without limitation,
interest accruing after the commencement of a proceeding under bankruptcy, insolvency or similar
laws of any jurisdiction at the rate or rates provided in the Credit Agreement. The Agent shall
not be required to exhaust any right or remedy or take any action against the Borrower or any other
person or entity or any collateral prior to any demand or other action hereunder against the Guarantors. The Guarantors agree that, as between the Guarantors
and the Agent, the Obligations may be declared to be due and payable for the purposes of this
Guarantee notwithstanding any stay, injunction or other

 

 

prohibition which may prevent, delay or
vitiate any declaration as regards the Borrower and that in the event of a declaration or attempted
declaration, the Obligations shall immediately become due and payable by the Guarantors for the
purposes of this Guarantee and each Guarantor shall forthwith pay the Obligations specified by the
Agent to be paid as provided in the Credit Agreement without further notice or demand.
Notwithstanding anything contained herein or in the Credit Agreement, any Loan Document or any
other document or any other agreement, security document or instrument relating hereto or thereto
to the contrary, the maximum liability of each Guarantor hereunder shall never exceed the maximum
amount that said Guarantor could pay without having such payment set aside as a fraudulent transfer
or fraudulent conveyance or similar action under the U.S. Bankruptcy Code or applicable state or
foreign law.

     Section 3. Guarantee Absolute. The liability of each Guarantor under this Guarantee is absolute
and unconditional irrespective of: (a) any change in the time, manner or place of payment of, or
in any other term of, the Credit Agreement or the Obligations, or any other amendment or waiver of
or any consent to departure from any of the terms of the Credit Agreement or the Obligations,
including any increase or decrease in the rate of interest thereon; (b) any release or amendment or
waiver of, or consent to departure from, any other guarantee or support document, or any exchange,
release or non-perfection of any collateral, for the Credit Agreement or the Obligations; (c) any
present or future law, regulation or order of any jurisdiction or of any agency thereof purporting
to reduce, amend, restructure or otherwise affect any term of the Credit Agreement or the
Obligations; (d) without being limited by the foregoing, any lack of validity or enforceability of
the Credit Agreement or the Obligations; (e) any other setoff, defense or counterclaim whatsoever
(in any case, whether based on contract, tort or any other theory) with respect to the Credit
Agreement or the transactions contemplated thereby which might constitute a legal or equitable
defense available to, or discharge of, the Borrower or other Guarantors and (f) any claim or
assertion that any payment by any Guarantor hereunder should be set aside pursuant to Section
2 in connection with any stay, injunction or other prohibition or event, in which case each
Guarantor shall be unconditionally required to pay all amounts demanded of it hereunder prior to
any determination of the maximum liability of each Guarantor hereunder in accordance with
Section 2 and the recipient of such payment, if so required by a final non-appealable court
of competent jurisdiction by a final and non-appealable judgment, shall then be liable for the
refund of any excess amounts. If any such rebate or refund is ever required, all other Guarantors
shall be fully liable for the repayment thereof to the maximum extent allowed by applicable law.

     Section 4. Guarantee Irrevocable. This Guarantee is a continuing guarantee of the payment of all
Obligations now or hereafter existing under the Credit Agreement and shall remain in full force and
effect until payment in full of all Obligations and other amounts payable under this Guarantee and
until all Commitments of the Lenders to make Loans under the Credit Agreement shall be terminated
in accordance with the terms thereof and the Credit Agreement is no longer in effect.

     Section 5. Reinstatement. This Guarantee shall continue to be effective, or be automatically
reinstated, as the case may be, if at any time any payment of any of the Obligations is rescinded
or must otherwise be returned by the Agent on the insolvency, bankruptcy, dissolution, liquidation
or reorganization of any of the Borrower, any Guarantor, or any Person that is a party to the Loan
Documents, or upon or as a result of the appointment of a custodian,

 

 

receiver, trustee or other
officer with similar powers with respect to any of the Borrower, any Guarantor or any other Person
that is a party to the Loan Documents, or otherwise, all as though the payment had not been made.

     Section 6. Subrogation. Each Guarantor hereby agrees that it shall not exercise any rights which
it may acquire by way of subrogation, by any payment made under this Guarantee or otherwise, until
all the Obligations have been paid in full and the Credit Agreement is no longer in effect. Any
amounts paid to a Guarantor on account of subrogation rights under this Guarantee at any time when
all the Obligations have not been paid in full, shall be held in trust for the benefit of the Agent
and shall promptly be paid to the Agent to be credited and applied to the Obligations, whether
matured or unmatured or absolute or contingent, in accordance with the terms of the Credit
Agreement. If a Guarantor has made a payment to the Agent hereunder of all or any part of the
Obligations and all the Obligations are paid in full and the Credit Agreement is no longer in
effect, the Agent shall, at such Guarantor’s request, execute and deliver to the Guarantor the
appropriate documents, without recourse and without representation or warranty, necessary to
evidence the transfer by subrogation to the Guarantor of an interest in the Obligations resulting
from the payment.

     Section 7. Subordination. Any liabilities owed by the Borrower to the Guarantors in connection
with any extension of credit or financial accommodation by the Guarantors to or for the account of
the Borrower, including but not limited to interest accruing at the agreed contract rate after the
commencement of a bankruptcy or similar proceeding, are hereby subordinated to the Obligations, and
such liabilities of the Borrower to the Guarantors, if the Agent so requests, shall be collected,
enforced and received by the Guarantors as trustee for the Agent and shall be paid over to the
Agent on account of the Obligations.

     Section 8. Certain Taxes. The Guarantors further agree that all payments to be made hereunder
shall be made without setoff or counterclaim and free and clear of, and without deduction for
Taxes. If any Taxes are required to be withheld from any amounts payable to the Agent hereunder,
the amounts so payable to the Agent shall be increased to the extent necessary to yield to the
Agent (after payment of all Taxes) the amounts payable hereunder in the full amounts so to be paid.
Whenever any Tax is paid by a Guarantor, as promptly as possible thereafter, such Guarantor shall
send the Agent an official receipt showing payment thereof, together with such additional
documentary evidence as may be required from time to time by the Agent.

     Section 9. Representations and Warranties. Each of the Guarantors represents and warrants that: (a) this Guarantee (i) has been
authorized by all necessary action; (ii) does not violate any agreement, instrument, law,
regulation or order applicable to it; (iii) does not require the consent or approval of any Person,
or any filing or registration of any kind; and (iv) is the legal, valid and binding obligation of
such Guarantor enforceable against such Guarantor in accordance with its terms, except to the
extent that enforcement may be limited by applicable bankruptcy, insolvency and other similar laws
affecting creditors’ rights generally; and (b) in executing and delivering this Guarantee, such
Guarantor has not relied and will not rely upon any representations or warranties of the Agent not
embodied herein or any acts heretofore or hereafter taken by the Agent (including but not limited
to any review by the Agent of the affairs of the Borrower).

 

 

     Section 10.
 Remedies Generally. The remedies provided in this Guarantee are cumulative and not
exclusive of any remedies provided by law.

     Section 11. Setoff. Each Guarantor agrees that, in addition to (and without limitation of) any
right of setoff, banker’s lien or counterclaim the Agent or the Lenders may otherwise have, the
Agent and each of the Lenders shall be entitled, at their option, to offset balances (general or
special, time or demand, provisional or final) held by them for the accounts of the Guarantors at
any of the Agent’s or any Lender’s offices, in U.S. dollars or in any other currency, against any
amount payable by the Guarantors under this Guarantee which is not paid when due, in which case it
shall promptly notify the Guarantors thereof; provided that the Agent’s or any Lender’s
failure to give such notice shall not affect the validity thereof.

     Section 12. Formalities. Each Guarantor hereby waives promptness, diligence, notice of acceptance
and any other notice with respect to any of the Obligations, the Credit Agreement and this
Guarantee and any liability to which the Credit Agreement and this Guarantee applies or may apply,
and waives presentment, demand of payment, notice of intent to accelerate, notice of acceleration,
notice of dishonor or nonpayment, and any requirement that the Agent institute suit, collection
proceedings or take any other action to collect the Obligations, including any requirement that the
Agent protect, secure, perfect or insure any security interest or Lien against any Property subject
thereto or exhaust any right or take any action against the Borrower or any other Person (including
the other Guarantors) or any collateral (it being the intention of the Agent and each Guarantor
that the obligations of such Guarantor under this Guarantee are to be a guarantee of payment and
not of collection) or that the Borrower or any other Person (including the other Guarantors) be
joined in any action hereunder. Each Guarantor hereby waives marshaling of assets and liabilities,
notice by the Agent of the creation of any Indebtedness or liability to which it applies or may
apply, any amounts received by the Agent, notice of disposition or substitution of collateral and
of the creation, advancement, increase, existence, extension, renewal, rearrangement and/or
modification of the Obligations.

     Section 13. Amendments and Waivers. No amendment or waiver of any provision of this Guarantee, nor consent to any release by
any Guarantor therefrom, shall be effective unless it is in writing and signed by the Agent and
such Guarantor, and then the waiver or consent shall be effective only in the specific instance and
for the specific purpose for which given. No failure on the part of the Agent to exercise, and no
delay in exercising, any right under this Guarantee shall operate as a waiver or preclude any other
or further exercise thereof or the exercise of any other right.

     Section 14. Expenses. The Guarantors shall reimburse the Agent on demand for all Expenses without
duplication of any reimbursements affected under the Credit Agreement. The obligations of the
Guarantors under this Section shall survive the termination of this Guarantee.

     Section 15. Assignment. This Guarantee shall be binding on, and shall inure to the benefit of the
Guarantors, the Agent and their respective successors and assigns; provided that the
Guarantors may not assign or transfer their respective rights or obligations under this Guarantee.
Without limiting the generality of the foregoing: (a) the obligations of the Guarantors under this
Guarantee shall continue in full force and effect and shall be binding on any successor partnership
and on previous partners and their respective estates if any of the

 

 

Guarantors is a partnership,
regardless of any change in the partnership as a result of death, retirement or otherwise; and (b)
the Agent may assign, or otherwise transfer its rights under the Credit Agreement to any other
person or entity in accordance with the terms and conditions thereof, and the other person or
entity shall then become vested with all the rights granted to the Agent in this Guarantee or
otherwise. Any Guarantor may merge into the Borrower or another Guarantor as provided in the
Credit Agreement.

     Section 16. Captions. The headings and captions in this Guarantee are for convenience only and
shall not affect the interpretation or construction of this Guarantee.

     Section 17. Governing Law, Etc. THIS GUARANTEE SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE
WITH THE LAW OF THE STATE OF TEXAS. EACH GUARANTOR CONSENTS TO THE NONEXCLUSIVE JURISDICTION AND
VENUE OF THE STATE OR FEDERAL COURTS LOCATED IN THE CITY OF HOUSTON. SERVICE OF PROCESS BY THE
AGENT IN CONNECTION WITH ANY SUCH DISPUTE SHALL BE BINDING ON EACH GUARANTOR IF SENT TO SUCH
GUARANTOR BY REGISTERED MAIL AT THE ADDRESS SPECIFIED BELOW OR AS OTHERWISE SPECIFIED BY SUCH
GUARANTOR FROM TIME TO TIME. EACH GUARANTOR WAIVES ANY RIGHT IT MAY HAVE TO JURY TRIAL IN ANY
ACTION RELATED TO THIS GUARANTEE OR THE TRANSACTIONS CONTEMPLATED HEREBY AND FURTHER WAIVES ANY
RIGHT TO INTERPOSE ANY COUNTERCLAIM RELATED TO THIS GUARANTEE OR THE TRANSACTIONS CONTEMPLATED
HEREBY IN ANY SUCH ACTION. TO THE EXTENT THAT ANY GUARANTOR HAS
OR HEREAFTER MAY ACQUIRE ANY IMMUNITY FROM JURISDICTION OF ANY COURT OR FROM ANY LEGAL PROCESS
(WHETHER FROM SERVICE OR NOTICE, ATTACHMENT PRIOR TO JUDGMENT, ATTACHMENT IN AID OF EXECUTION OF A
JUDGMENT, EXECUTION OR OTHERWISE), EACH SUCH GUARANTOR HEREBY IRREVOCABLY WAIVES SUCH IMMUNITY IN
RESPECT OF ITS OBLIGATIONS UNDER THIS GUARANTEE.

     Section 18. Integration; Effectiveness. This Guarantee alone sets forth the entire understanding
of the Guarantors and the Agent relating to the guarantee of the Obligations and constitutes the
entire contract between the parties relating to the subject matter hereof and supersedes any and
all previous agreements and understandings, oral or written, relating to the subject matter hereof.
This Guarantee shall become effective when it shall have been executed and delivered by the
Guarantors to the Agent. Delivery of an executed signature page of this Guarantee by telecopy
shall be effective as delivery of a manually executed signature page of this Guarantee.

     Section 19. Automatic Release. As provided in Section 9.02 of the Credit Agreement, a Guarantor
shall be automatically released from its obligations under this Guarantee upon the satisfaction of
the conditions set forth therein.

     Section 20. Amendment and Restatement. This Guarantee is an amendment and restatement of that
certain Amended and Restated Guarantee Agreement dated November 18, 2009, by each of the
Subsidiaries of the Borrower party thereto in favor of the Administrative

 

 

Agent under that certain
Amended and Restated Credit Agreement dated November 18, 2009, by and among the Borrower, the
Administrative Agent, BBVA Compass and Bank of Nova Scotia, as Documentation Agents, and the
lenders party thereto.

END OF TEXT

 

 

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

	 	 	 	 	 	 	 	 	 

	GUARANTORS:	 	SCI MANAGEMENT L.P.	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	By:	 	SCI ADMINISTRATIVE SERVICES, LLC, 
General
Partner	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	By:
	 	/s/ Curtis G. Briggs
 

Curtis G. Briggs
	 	 
	 

	 	 	 	 	 	President	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	SCI EASTERN MARKET SUPPORT CENTER, L.P.	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	By:	 	SCI EOPS HQ, INC.,

General Partner	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	By:
	 	/s/ Curtis G. Briggs
 

Curtis G. Briggs
	 	 
	 

	 	 	 	 	 	Vice President	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	SCI HOUSTON MARKET SUPPORT CENTER, L.P.	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	By:	 	SCI HOUSTON HUB, INC.,

General Partner	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	By:
	 	/s/ Curtis G. Briggs
 

Curtis G. Briggs
	 	 
	 

	 	 	 	 	 	Vice President	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	REMEMBRANCE MEMORIAL TRADITIONS, LLC	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	By:	 	/s/ Curtis G. Briggs
 

Curtis G. Briggs
	 	 
	 

	 	 	 	Manager	 	 

	 	 	 	 	 	 	 

	 	 	PINEY GROVE, LLC and STORMY SKY, LLC	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Edward A. Fowler
 

Edward A. Fowler
	 	 
	 

	 	 	 	Manager of each of the above-named companies	 	 
	 
	 	 	 	 	 	 
	 	 	EVANS & EARLY MORTUARY, LLC	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Janet S. Key
 

Janet S. Key
	 	 
	 

	 	 	 	Manager	 	 
	 
	 	 	 	 	 	 
	 	 	EACH OF THE OTHER SUBSIDIARIES 
LISTED ON SCHEDULE 1 HERETO	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Curtis G. Briggs
 

Curtis G. Briggs
	 	 
	 

	 	 	 	President or Vice President
of each of such
subsidiaries	 	 

	 	 	 	 	 
	 	MFH, L.L.C.

By:  CAROTHERS HOLDING COMPANY, LLC, 
        Member

	 
	 	By:  	
/s/ Curtis G. Briggs 	 
	 	 	Curtis G. Briggs 	 
	 	 	Vice President 	 
	 

Signature Page to Guarantee Agreement

 

 

SCHEDULE 1

GUARANTORS

ADVANCE FUNERAL INSURANCE SERVICES

ADVANCE PLANNING OF AMERICA, INC.

ADVANCED PLANNING (ALABAMA), INC.

AFFILIATED FAMILY FUNERAL SERVICE, INC.

ALDERWOODS (ALASKA), INC.

ALDERWOODS (ARIZONA), INC.

ALDERWOODS (ARKANSAS), INC.

ALDERWOODS (CHICAGO CENTRAL), INC.

ALDERWOODS (CHICAGO NORTH), INC.

ALDERWOODS (COLORADO), INC.

ALDERWOODS (CONNECTICUT), INC.

ALDERWOODS (GEORGIA), INC.

ALDERWOODS (IDAHO), INC.

ALDERWOODS (ILLINOIS), INC.

ALDERWOODS (INDIANA), INC.

ALDERWOODS (KANSAS), INC.

ALDERWOODS (MARYLAND), INC.

ALDERWOODS (MASSACHUSETTS), INC.

ALDERWOODS (MICHIGAN), INC.

ALDERWOODS (MINNESOTA), INC.

ALDERWOODS (MISSISSIPPI), INC.

ALDERWOODS (MISSOURI), INC.

ALDERWOODS (MONTANA), INC.

ALDERWOODS (NEVADA), INC.

ALDERWOODS (NEW MEXICO), INC.

ALDERWOODS (NEW YORK), LLC

ALDERWOODS (NORTH CAROLINA), INC.

ALDERWOODS (OHIO) CEMETERY MANAGEMENT, INC.

ALDERWOODS (OHIO) FUNERAL HOME, INC.

ALDERWOODS (OKLAHOMA), INC.

ALDERWOODS (OREGON), INC.

ALDERWOODS (PARTNER), INC.

ALDERWOODS (SOUTH CAROLINA), INC.

ALDERWOODS (TENNESSEE), LLC

ALDERWOODS (TEXAS), INC.

ALDERWOODS (VIRGINIA), INC.

ALDERWOODS (WASHINGTON), INC.

ALDERWOODS (WEST VIRGINIA), INC.

ALDERWOODS (WISCONSIN), INC.

ALDERWOODS GROUP (CALIFORNIA), INC.

AMERICAN BURIAL AND CREMATION CENTERS, INC.

AMG, INC.

 Schedule 1 to Signature Page to Guarantee Agreement

 

 

AUMAN FUNERAL HOME, INC.

AUMAN’S, INC.

BAMFH, INC.

BEHM FUNERAL PROPERTIES, INC.

BENNETT-EMMERT-SZAKOVITS FUNERAL HOME, INC.

BRIGHT UNDERTAKING COMPANY

BURGEE-HENSS-SEITZ FUNERAL HOME, INC.

CALIFORNIA CEMETERY AND FUNERAL SERVICES, LLC

CAROTHERS HOLDING COMPANY, LLC

CEMCARE, INC.

CHARLES S. ZEILER & SON, INC.

CHAS. PETER NAGEL LLC

CHICAGO CEMETERY CORPORATION

CHRISTIAN FUNERAL SERVICES, INC.

DANZANSKY-GOLDBERG MEMORIAL CHAPELS, INC.

DIGNITY MEMORIAL NETWORK, INC.

DIRECTORS SUCCESSION PLANNING II, INC.

DIRECTORS SUCCESSION PLANNING, INC.

DSP GENERAL PARTNER II, INC.

DSP GENERAL PARTNER, INC.

DUNWOOD CEMETERY SERVICE COMPANY

EAGLE FINANCIAL ASSOCIATES, INC.

EARTHMAN HOLDINGS, INC.

EARTHMAN LP, INC.

ECI CEMETERY SERVICES OF MARYLAND, LLC

ECI SERVICES OF MAINE, INC.

ECI SERVICES OF NEW HAMPSHIRE, INC.

ED MELENYZER CO.

EDWARD SAGEL FUNERAL DIRECTION, INC.

ELMWOOD ACQUISITION CORPORATION

ENSURE AGENCY OF PENNSYLVANIA, INC.

EVERGREEN FUNERAL HOME AND CEMETERY, INC.

FAMILY CARE, INC.

FHC REALTY, INC.

FLECK FUNERAL HOME, INC.

FLORIDA MARKER, LLC

FRANCIS F. SEIDEL, INC.

FUNERAL SERVICE PENNSYLVANIA, LLC

FUNERAL SERVICE, INC.

GARDEN STATE CREMATORY, INC.

GARY L. KAUFMAN FUNERAL HOME AT MEADOWRIDGE MEMORIAL PARK, INC.

GARY L. KAUFMAN FUNERAL HOME SOUTHWEST, INC.

GEORGE WASHINGTON CEMETERY COMPANY, LLC

GILA MOUNTAIN DEVELOPMENT CO., INC.

GRACELAND CEMETERY DEVELOPMENT CO.

GREEN SERVICE CORPORATION

 Schedule 1 to  Signature Page to Guarantee Agreement

 

 

H. SAMSON, INC.

H.P. BRANDT FUNERAL HOME, INC.

HAROLD B. MULLIGAN CO., INC.

HAWAIIAN MEMORIAL LIFE PLAN, LTD.

HEALY-HAHN FUNERAL PARTNERS, INC.

HHFP, INC.

I. J. MORRIS, LLC

INVESTMENT CAPITAL CORPORATION

JOSEPH GAWLER’S SONS, LLC

KER-WESTERLUND FUNERAL HOME, INC.

KEYSTONE ADVANCE PLANNING, INC.

KEYSTONE AMERICA, INC.

KEYSTONE GROUP HOLDINGS, INC.

KEYSTONE KENTUCKY, INC.

KEYSTONE MICHIGAN, INC.

KNAUSS ENTERPRISES LIMITED LIABILITY COMPANY

KNEE FUNERAL HOME OF WILKINSBURG, INC.

LAKE VIEW MEMORIAL GARDENS, INC.

LAUGHLIN FUNERAL HOME, LTD.

LEMMON FUNERAL HOME OF DULANEY VALLEY, INC.

LINEBERRY GROUP, INC.

LORING BYERS FUNERAL DIRECTORS, INC.

MAKING EVERLASTING MEMORIES, LLC

MCHUGH FUNERAL HOME, INC.

MEMORIAL GUARDIAN PLANS, INC., a Delaware corporation

MEMORIAL GUARDIAN PLANS, INC., a Missouri corporation

MILLER-DIPPEL FUNERAL HOME, INC.

MORAN-ASHTON FUNERAL HOME, INC.

MOUNT AUBURN MEMORIAL PARK, INC.

MOUNT VERNON MEMORIAL PARK

NATIONAL CREMATION SERVICE, INC.

NEW YORK FUNERAL CHAPELS, LLC

NEW YORK MARKER, LLC

NINETEEN THIRTY-FIVE HOLDINGS, INC.

NORTHERN LAND COMPANY, INC.

OAK WOODS MANAGEMENT COMPANY

OAKLAWN CEMETARY ASSOCIATION

OSIRIS HOLDING CORPORATION

OSIRIS HOLDING OF FLORIDA, INC.

PALM MORTUARY, INC.

PHOENIX MEMORIAL PARK ASSOCIATION

PINEVIEW MEMORIAL PARK, INC.

PIONEER FUNERAL PLANS, INC.

PSI FUNDING, INC.

REEVES, INC.

RH CEMETERY CORP.

 Schedule 1 to  Signature Page to Guarantee Agreement

 

 

RH MORTUARY CORPORATION

RIDGEWOOD CEMETERY COMPANY, INC.

ROBERT DOUGLAS GOUNDREY FUNERAL HOME, INC.

ROBERT L. HENDRICKS FUNERAL HOME, INC.

ROHLAND FUNERAL HOME

ROSE HILLS COMPANY

ROSE HILLS HOLDINGS CORP.

ROSEDALE CEMETERY COMPANY

ROSEDALE FUNERAL CHAPEL, INC.

RUZICH FUNERAL HOME, INC.

S & H PROPERTIES AND ENTERPRISES, INC.

SALVATORE AIR TRANSPORTATION CORP.

SAUL-GABAUER FUNERAL HOME, INC.

SCHIMUNEK FUNERAL HOME, INC.

SCI ADMINISTRATIVE SERVICES, LLC

SCI ALABAMA FUNERAL SERVICES, LLC

SCI ALASKA FUNERAL SERVICES, INC.

SCI ARIZONA FUNERAL SERVICES, INC.

SCI ARKANSAS FUNERAL SERVICES, INC.

SCI CALIFORNIA FUNERAL SERVICES, INC.

SCI CAPITAL CORPORATION

SCI COLORADO FUNERAL SERVICES, INC.

SCI CONNECTICUT FUNERAL SERVICES, LLC

SCI EOPS HQ, INC.

SCI EXECUTIVE SERVICES, INC.

SCI FINANCIAL SERVICES, INC.

SCI FUNERAL & CEMETERY PURCHASING COOPERATIVE, INC.

SCI FUNERAL SERVICES OF FLORIDA, INC.

SCI FUNERAL SERVICES OF NEW YORK, INC.

SCI FUNERAL SERVICES, LLC

SCI GEORGIA FUNERAL SERVICES, INC.

SCI HOUSTON HUB, INC.

SCI ILLINOIS SERVICES, INC.

SCI INDIANA FUNERAL SERVICES, INC.

SCI INVESTMENT SERVICES, INC.

SCI IOWA FINANCE COMPANY

SCI IOWA FUNERAL SERVICES, INC.

SCI KANSAS FUNERAL SERVICES, INC.

SCI KENTUCKY FUNERAL SERVICES, INC.

SCI LOAN SERVICES, LLC

SCI LOUISIANA FUNERAL SERVICES, INC.

SCI MARYLAND FUNERAL SERVICES, INC.

SCI MICHIGAN FUNERAL SERVICES, INC.

SCI MINNESOTA FUNERAL SERVICES, INC.

SCI MISSISSIPPI FUNERAL SERVICES, INC.

SCI MISSOURI FUNERAL SERVICES, INC.

 Schedule 1 to  Signature Page to Guarantee Agreement

 

 

SCI NEBRASKA FUNERAL SERVICES, INC.

SCI NEW JERSEY FUNERAL SERVICES, INC.

SCI NEW MEXICO FUNERAL SERVICES, INC.

SCI NORTH CAROLINA FUNERAL SERVICES, LLC

SCI OHIO FUNERAL SERVICES, INC.

SCI OKLAHOMA FUNERAL SERVICES, INC.

SCI OREGON FUNERAL SERVICES, INC.

SCI PENNSYLVANIA FUNERAL SERVICES, INC.

SCI RHODE ISLAND FUNERAL SERVICES, LLC

SCI SERVICES (ALABAMA), INC.

SCI SOUTH CAROLINA FUNERAL SERVICES, INC.

SCI SPECIAL, INC.

SCI TENNESSEE FUNERAL SERVICES, LLC

SCI TEXAS FUNERAL SERVICES, INC.

SCI UTAH FUNERAL SERVICES, INC.

SCI VIRGINIA FUNERAL SERVICES, INC.

SCI WASHINGTON FUNERAL SERVICES, INC.

SCI WEST VIRGINIA FUNERAL SERVICES, INC.

SCI WESTERN MARKET SUPPORT CENTER, INC.

SCI WISCONSIN FUNERAL SERVICES, INC.

SENTINEL SECURITY PLANS, INC.

ST. LAURENT FUNERAL HOME, INC.

STEPHENS BURIAL ASSOCIATION, INC.

STEPHENS FUNERAL BENEFIT ASSOCIATION, INC.

STEPHENS FUNERAL FUND, INC.

STERLING-ASHTON-SCHWAB FUNERAL HOME, INC.

STERLING-ASHTON-SCHWAB-WITZKE FUNERAL HOME OF CANTONVILLE, INC.

THE KNOLLWOOD CEMETERY COMPANY

THE SCHIMUNEK FUNERAL HOME OF BEL AIR, INC.

THEO C. AUMAN, INC.

THOMAS M. QUINN & SONS, LLC

TMJ LAND, INC.

UNISERVICE CORPORATION

UNIVERSAL MEMORIAL CENTERS V, INC.

UNIVERSAL MEMORIAL CENTERS VI, INC.

VANCOUVER FUNERAL CHAPEL, INC.

WACO MEMORIAL PARK, INC.

WASATCH LAND AND IMPROVEMENT COMPANY

WESTMINSTER GARDENS, INC.

WFG LIQUIDATION CORPORATION

WIEN & WIEN, INC.

WITZKE FUNERAL HOMES, INC.

WMP, INC.

WOODLAWN CEMETERY OF CHICAGO, INC.

WOODLAWN MEMORIAL PARK, INC.

WORKMAN MILL INVESTMENT COMPANY

 Schedule 1 to  Signature Page to Guarantee Agreement

 

 

WPALM, INC.

ZARRO FUNERAL HOME

ZS ACQUISITION, INC.

 Schedule 1 to  Signature Page to Guarantee Agreement

 

 

EXHIBIT 1.01B

FORM
OF PROMISSORY NOTE

SECOND AMENDED AND RESTATED

REVOLVING PROMISSORY NOTE

	 	 	 

	$______________

	 	_____________, 2011

     FOR VALUE RECEIVED, the undersigned, SERVICE CORPORATION INTERNATIONAL, a Texas corporation,
the Borrower under that certain Second Amended and Restated Revolving Credit Agreement dated as of
March 18, 2011 (as may be amended or otherwise modified from time to time, the “Credit
Agreement”) among the Borrower, the Lenders named therein and JPMorgan Chase Bank, N.A., as
Administrative Agent for the Lenders, HEREBY PROMISES TO PAY to the order of ____________________
(“Lender”), the amount as may be advanced from time to time under the Credit Agreement by
the Lender in accordance with such Lender’s Commitment outstanding from time to time. All
capitalized terms used herein and not otherwise defined shall have the meanings as defined in the
Credit Agreement.

     The Borrower promises to pay interest on the unpaid principal amount of this Note outstanding
from time to time from the date hereof until the principal amount hereof has been paid in full and
the Commitments are terminated, at the place and at such times and at such interest rates as are
specified in the Credit Agreement. Payments made by the Borrower in respect of the amounts due
hereunder shall be allocated to the Lender by the Administrative Agent on the terms specified in
the Credit Agreement.

     This Note is one of the Notes in respect of the Revolving Loans referred to in, and this Note
and all provisions herein are entitled to the benefits of, the Credit Agreement, which such Notes
amend and restate in their entirety those certain revolving promissory notes executed in connection
with that certain Amended and Restated Revolving Credit Agreement dated November 18, 2009, by and
among the Borrower, the Administrative Agent, BBVA Compass and Bank of Nova Scotia, as
Documentation Agents, and the lenders party thereto. The Credit Agreement, among other things, (a)
provides for the making of Revolving Loans by the Lender and other Lenders to the Borrower from
time to time, and (b) contains provisions for acceleration of the maturity hereof upon the
happening of certain stated events, for prepayments on account of principal hereof prior to the
maturity hereof upon the terms and conditions therein specified, and for limitations on the amount
of interest paid such that no provision of the Credit Agreement or this Note shall require the
payment or permit the collection of interest in excess of the Maximum Rate.

     The Borrower and any and all endorsers, guarantors and sureties severally waive grace (except
to the extent expressly provided in the Credit Agreement), demand, presentment for payment, notice
of dishonor or default, acceleration, intent to accelerate, protest and notice of

Credit Agreement

Exhibit 1.01B

 

 

protest and diligence in collecting and bringing of suit against any party hereto, and agree
to all renewals, extensions or partial payments hereon and to any release or substitution of
security herefor, in whole or in part, with or without notice, before or after maturity.

     This Note shall be governed by and construed under the laws of the State of Texas and the
applicable laws of the United States of America.

     IN WITNESS WHEREOF, the undersigned has caused this Note to be duly executed and delivered by
its duly authorized officer as of the date first written above.

	 	 	 	 	 
	 	BORROWER:

SERVICE CORPORATION INTERNATIONAL

 	 
	 	By:  	 	 
	 	 	Eric D. Tanzberger 	 
	 	 	Senior Vice President Chief Financial
 Officer and Treasurer 	 
	 

Credit Agreement

Exhibit 1.01B

 

 

EXHIBIT 4.01(h)

FORM OF BORROWING REQUEST

JPMorgan Chase Bank, N.A.

Loan and Agency Services Group

10 South Dearborn, 19th Floor

Chicago, Illinois 60603-2003

Attention: Nanette Wilson

Telecopy: (312) 732-1544

	 	 	Re:     	Second Amended and Restated Revolving Credit Agreement dated as of March 18,
2011, by and among Service Corporation International (the “Borrower”), JPMorgan
Chase Bank, N.A., as Administrative Agent and the Lenders party to the Credit Agreement

Ladies and Gentlemen:

     Pursuant to the Credit Agreement, the Borrower hereby makes the requests indicated below:

	 	 	 

	(a)

	 	Amount of Loan: $_________
	 
	 	 
	(b)

	 	Requested funding date: ___________________
	 
	 	 
	(c)

	 	Type of Loan:
	 
	 	 
	 

	 	_________ CBFR Loan;
	 
	 	 
	 

	 	_________ Eurodollar Loan; or
	 
	 	 
	 

	 	_________ Swing Line Loan
	 
	 	 
	(d)

	 	Requested Interest Period for Eurodollar Loan: ______________
	 
	 	 
	(e)

	 	Location and number of the Borrower’s account to which funds are to be
disbursed:
	 
	 	 
	 

	 	________________
	 
	 	 
	 

	 	________________

     The undersigned certifies that [s]he is an authorized officer of the Borrower and as such
[s]he is authorized to execute this request on behalf of the Borrower. The Borrower represents and
warrants that (i) the Borrower is entitled to receive the requested Borrowing under the terms and
conditions of the Credit Agreement and that no Default or Event of Default shall exist or will

Credit Agreement

Exhibit 4.01(h)

 

 

occur as a result of the making of such requested Borrowing; and (ii) the representations
and warranties contained in Article III of the Credit Agreement are correct as of the date of the
Borrowing requested hereby, after giving effect to such Borrowing.

     Each capitalized term used but not defined herein shall have the meaning assigned to such term
in the Credit Agreement.

	 	 	 	 	 
	 	Very truly yours,

SERVICE CORPORATION INTERNATIONAL,

a Texas corporation

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 

Credit Agreement

Exhibit 4.01(h)

 

 

EXHIBIT 5.01

FORM OF COMPLIANCE CERTIFICATE

     The undersigned hereby certifies that [s]he is the [chief financial officer/principal
accounting officer/treasurer/controller] of Service Corporation International, a Texas corporation
(the “Borrower”) and that as such [s]he is authorized to execute this certificate on behalf
of the Company. With reference to the Second Amended and Restated Revolving Credit Agreement dated
as of March 18, 2011 (together with all amendments or supplements thereto being the “Credit
Agreement”), among the Borrower, JPMorgan Chase Bank, N.A., as Administrative Agent and the
Lenders (as defined in the Credit Agreement), the undersigned represents and warrants as follows
(each capitalized term used herein having the same meaning given to it in the Credit Agreement
unless otherwise specified):

	 	(a)	 	The representations and warranties of the Borrower and its Subsidiaries
contained in Article III of the Credit Agreement and in the Loan Documents were
true and correct in all material respects when made, and are repeated at and as of the
time of delivery hereof and to the best of the undersigned’s knowledge are true and
correct in all material respects at and as of the time of such delivery, except for
such representations and warranties as are by their express terms limited to a specific
date. Calculations demonstrating compliance with the representation contained in
Section 3.10 are set forth on the worksheet attached hereto as Exhibit
A.
	 
	 	(b)	 	The worksheet attached hereto as Exhibit B sets forth all permitted
Indebtedness, which is subject to dollar limitations, of the Borrower and its
Subsidiaries pursuant to Section 6.01.
	 
	 	(c)	 	The worksheet attached hereto as Exhibit C sets forth all asset sales
necessary to demonstrate compliance with Section 6.07(c) of the Credit
Agreement.
	 
	 	(d)	 	The worksheet attached hereto as Exhibit D sets forth all Restricted
Payments of the Borrower and its Subsidiaries and demonstrates compliance with
Section 6.09 of the Credit Agreement.
	 
	 	(e)	 	The Borrower hereby certifies that no Event of Default or Default has occurred
or is continuing.
	 
	 	(f)	 	Calculations for all financial covenants contained in the Credit Agreement are
set forth in the worksheet attached hereto as Exhibit E.
	 
	 	(g)	 	Except as set forth on Exhibit F attached hereto, there have been no
changes in GAAP or in the application thereof, as used in the preparation of the
Borrower’s consolidated financial statements, since the date of the audited financial
statements referred to in Section 3.04 of the Credit Agreement.

Credit Agreement

Exhibit 5.01

 

 

     EXECUTED AND DELIVERED this _____ day of _______________, 20_.

	 	 	 	 	 
	 	BORROWER:

SERVICE CORPORATION INTERNATIONAL

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 

Credit Agreement

Exhibit 5.01

 

 

EXHIBIT A to
 EXHIBIT 5.01

CALCULATION WORKSHEET FOR

ERISA REPRESENTATION

(SECTION 3.10 OF CREDIT AGREEMENT)

	 	 	 	 	 	 	 
	 	 	 	 	C. Fair Market	 	 
	 	 	B. Present Value of Accumulated	 	Value of Plan	 	 
	A. Each Plan	 	Benefit Obligations	 	Assets	 	Difference between B and C
	 
	 	 	 	 	 	 
	 

	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 

	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 

	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 

	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 

	 	 	 	 	 	 
	Total

	 	 	 	 	 	1
	 

	 	 	 	 	 	 

	 	 	 	 	 	 	 
	 	 	 	 	C. Fair Market	 	 
	A. Each	 	B. Present Value of Accumulated	 	Value of Plan	 	 
	Under-funded Plan	 	Benefit Obligations	 	Assets	 	Difference between B and C
	 
	 	 	 	 	 	 
	 

	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 

	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 

	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 

	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 

	 	 	 	 	 	 
	Total

	 	 	 	 	 	2
	 

	 	 	 	 	 	 

 

			
	1	 	Must not exceed $30,000,000
	 
	2	 	Must not exceed $50,000,000

Credit Agreement

Exhibit A to Exhibit 5.01

 

 

EXHIBIT B to
 EXHIBIT 5.01

INDEBTEDNESS

As of the date of the attached financial statements:

	 	 	 	 	 	 	 	 	 
	Indebtedness of the Type	 	 	 	 	 	 	 	 
	Described in the Credit Agreement	 	Actual Amount	 	 	Covenant Amount	 
	Section 6.01(f) (purchase money, etc.)
	 	$	__________________	 	 	 	£ $75,000,000	 
	 
	 	 	 	 	 	 	 	 
	Section 6.01(g) (Foreign Subsidiaries)
	 	$	__________________	 	 	 	£  $100,000,000	 
	 
	 	 	 	 	 	 	 	 
	Section 6.01(h) (Subsidiaries)
	 	$	__________________	 	 	 	£  $20,000,000	 
	 
	 	 	 	 	 	 	 	 
	Section 6.01(i) (covenants not to compete)
	 	$	__________________	 	 	 	£ $50,000,000	 
	 
	 	 	 	 	 	 	 	 
	Section 6.01(k) (other)
	 	$	__________________	 	 	 	£ $100,000,000	 

Credit Agreement

Exhibit B to Exhibit 5.01

 

 

EXHIBIT C to

EXHIBIT 5.01

ASSET SALES

(Section 6.07 of Credit Agreement)

	 	(a)	 	Transfers, leases and other dispositions of assets (excluding accounts
receivable, inventory, used or surplus equipment, Permitted Investments in the ordinary
course of business and any sales, transfers and dispositions to the Borrower or a
Subsidiary) since the Effective Date:
	 
	 	 	 	[list dispositions, dates, book value and non-cash consideration]
	 
	 	(b)	 	Aggregate book value of all asset dispositions described in (a) above.

$________________1

	 	(c)	 	Aggregate maximum book value of all asset dispositions described in (a) above

$_________________

	 	(d)	 	Aggregate non-cash consideration received in connection with asset dispositions
described in (a) above

$________________2

 

			
	1	 	Cannot exceed $1,838,108,000
	 
	2	 	Cannot exceed $200,000,000

Credit Agreement

Exhibit D to Exhibit 5.01

 

 

EXHIBIT D to

EXHIBIT 5.01

RESTRICTED PAYMENTS

(Section 6.09 of Credit Agreement)

          [Complete Section A if the Leverage Ratio as of the date of the attached financial statements
is greater than 3.75 to 1.0]

          A. (i) List all dividends made by Borrower during the calendar year including the date of the
attached financial statements:

$_______________

          (ii) Minus any dividend in excess of a rate of $18,750,000 per fiscal quarter declared when,
on the date of its declaration, the Leverage Ratio was less than or equal to 3.75 to 1.0:

$_______________

Total: $_______________1

 

			
	1	 	Must not exceed $75,000,000 in the aggregate
in any calendar year.

Credit Agreement

Exhibit E to Exhibit 5.01

 

 

EXHIBIT E to

EXHIBIT 5.01

FINANCIAL COVENANT CALCULATION WORKSHEET

	 	 	 	 	 	 	 	 	 
	 	 	Pro Forma	 	 	Covenant	 
	 	 	Calculation	 	 	Requirement	 
	Interest Coverage Ratio:
	 	 	 	 	 	 	 	 
	(i) Consolidated EBITDA
	 	 	 	 	 	 	 	 
	To
	 	 	 	 	 	 	 	 
	(ii) Consolidated Interest Expense:
	 	 	 	 	 	 	 	 
	the actual Cash Interest Expense (including
imputed interest expense in respect of Capital
Lease Obligations)
	 	 	 	 	 	 	 	 
	Leverage Ratio:
	 	 	 	 	 	 	 	 
	The difference of:
	 	 	 	 	 	 	 	 
	(i) Total Debt
	 	 	 	 	 	 	 	 
	minus
	 	 	 	 	 	 	 	 
	(ii) unrestricted cash on hand in excess of $25,000,000
	 	 	 	 	 	 	 	 
	To
	 	 	 	 	 	 	 	 
	Consolidated EBITDA
	 	 	 	 	 	 	 	 

Calculation of Consolidated EBITDA

			
	A. Consolidated Operating Income
	 	$___________

     (i) minus any gains or plus any losses on sales and impairments of assets, to the extent
included in Consolidated Operating Income;

$________________

     (ii) plus depreciation and amortization (to the extent included in operating expenses and
excluding amortization of deferred loan costs);

$________________

     (iii) plus non-cash stock compensation expense/amortization (to the extent included in
operating expenses);

$________________

     (iv) plus rent expense in previous periods associated with assets later capitalized with
on-balance sheet debt;

$________________

Credit Agreement

Exhibit E to Exhibit 5.01

 

 

     (v) plus (A) actual non-recurring cash expenses incurred and related to any acquisition to the
extent included in operating expenses and not to exceed $40,000,000 in aggregate in any 12 month
period, including expenses within the first 24 months after the related acquisition, such as
severance of management and employees, termination costs and buyouts of contracts and lease
agreements, conversions of computer systems and networks, transfer of documents and other assets,
legal and advisory fees directly related to such acquisition and the financing thereof, and other
items reasonably incurred of a similar nature and (B) non-cash acquisition expenses that would not
otherwise be picked up in other non-cash addbacks to EBITDA;1

$_________________

     (vi) minus expenses attributable to surety premiums;

$__________________

     (vii) minus Pro Forma Divested EBITDA (to the extent positive and previously included in
operating income) or plus Pro Forma Divested EBITDA (to the extent negative and previously included
in operating income);2

$__________________

     (viii) plus EBITDA of any acquired operations in the period from the beginning of the period
for which EBITDA is to be determined to the date of such acquisition;3

$__________________

     (ix) plus EBITDA of discontinued operations still owned (to the extent positive) and minus
EBITDA of discontinued operations still owned (to the extent negative);

$__________________

     (x) plus net cash flow from/to non-consolidated joint ventures to the extent received/paid in
cash; and

$__________________

     (xi) plus non-recurring and non-cash expenses (to the extent included in operating expenses)
and minus non-recurring and non-cash income (to the extent included in operating income).

$__________________

 

			
	1	 	Detail of expenses related to acquisition(s)
attached.
	 
	2	 	Detail of Pro Forma Divested EBITDA attached.
	 
	3	 	Detail of acquired EBITDA attached.

Credit Agreement

Exhibit E to Exhibit 5.01

 

 

	 	 	 

	Equals Consolidated EBITDA

	 	$_________________

	B.	 	Calculation of Total Debt

     (i) obligations for borrowed money, deposits, advances, bonds, debentures, notes and any
obligations upon which interest is commonly paid;

$___________________

     (ii) obligations under conditional sale or other title retention agreements relating to
property acquired by the Borrower or its Subsidiaries;

$___________________

     (iii) obligations in respect of deferred purchase price of property or services (excluding
current accounts payable incurred in the ordinary course of business);

$___________________

     (iv) Indebtedness of others secured by any Lien on property owned or acquired by the Borrower
or its Subsidiaries;

$___________________

     (v) Guarantees of Indebtedness;

$___________________

     (vi) Capital Lease Obligations;

$___________________

     (vii) obligations in respect of letters of credit and letters of guaranty; and

$___________________

     (viii) obligations in respect of banker’s acceptances.

$___________________

	 	 	 

	Equals Total Debt

	 	$________________

Credit Agreement

Exhibit E to Exhibit 5.01

 

 

EXHIBIT F to

EXHIBIT 5.01

CHANGES

Credit Agreement

Exhibit F to Exhibit 5.01

 

 

EXHIBIT 9.04

FORM OF ASSIGNMENT AND ASSUMPTION

          This Assignment and Assumption (the “Assignment and Assumption”) 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 (as amended, 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 and Assumption 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 (i) all of the Assignor’s
rights and obligations in its capacity as a Lender under the Credit Agreement and any other
documents or instruments delivered pursuant thereto to the extent related to the amount and
percentage interest identified below of all of such outstanding rights and obligations of the
Assignor under the respective facilities identified below (including any letters of credit,
guarantees, and swingline loans included in such facilities) and (ii) to the extent permitted to be
assigned under applicable law, all claims, suits, causes of action and any other right of the
Assignor (in its capacity as a Lender) against any Person, whether known or unknown, arising under
or in connection with the Credit Agreement, any other documents or instruments delivered pursuant
thereto or the loan transactions governed thereby or in any way based on or related to any of the
foregoing, including contract claims, tort claims, malpractice claims, statutory claims and all
other claims at law or in equity related to the rights and obligations sold and assigned pursuant
to clause (i) above (the rights and obligations sold and assigned pursuant to clauses (i) and (ii)
above being referred to herein collectively as the “Assigned Interest”). Such sale and
assignment is without recourse to the Assignor and, except as expressly provided in this Assignment
and Assumption, without representation or warranty by the Assignor.

	 	 	 	 	 

	1.

	 	Assignor:
	 	____________________________
	 
	 	 	 	 
	2.

	 	Assignee:
	 	____________________________
	 

	 	 	 	[and is an Affiliate/Approved Fund of [identify Lender]1]
	 
	 	 	 	 
	3.

	 	Borrower:
	 	Service Corporation International
	 
	 	 	 	 
	4.

	 	Administrative Agent:
	 	JPMorgan Chase Bank, N.A., as the administrative
agent under the Credit Agreement

 

			
	1	 	Select as applicable.

Exhibit 9.04-1

 

	 	 	 	 	 

	5.

	 	Credit Agreement:
	 	The $500,000,000 Second Amended and Credit
Agreement dated as of ___________, 2011
among Service Corporation International, the
Lenders parties thereto, JPMorgan Chase
Bank, N.A., as Administrative Agent, and the
other agents parties thereto
	 
	 	 	 	 
	6.

	 	Assigned Interest:	 	 

	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	Aggregate Amount of	 	 	Amount of	 	 	 	 
	 	 	Commitment/Loans	 	 	Commitment/Loans	 	 	Percentage Assigned of	 
	Facility Assigned	 	for all Lenders	 	 	Assigned	 	 	Commitment/Loans2	 
	 
	 	$	 	 	 	$	 	 	 	 	%	 
	 
	 	$	 	 	 	$	 	 	 	 	%	 
	 
	 	$	 	 	 	$	 	 	 	 	%	 
	 
	 	$	 	 	 	$	 	 	 	 	%	 

Effective Date: _____________ ___, 20___ [TO BE INSERTED BY ADMINISTRATIVE AGENT AND WHICH SHALL
BE THE EFFECTIVE DATE OF RECORDATION OF TRANSFER IN THE REGISTER THEREFOR.]

The terms set forth in this Assignment and Assumption 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.

Exhibit 9.04-2

 

Consented to and Accepted:

JPMorgan Chase Bank, N.A.,

as [Administrative Agent,]3 Issuing Bank and Swingline Lender

	 	 	 	 
	 	 
	By  	 	 
	 	Name:  	 	 
	 	Title:  	 	 
	 

[Consented to:]4

[SERVICE CORPORATION INTERNATIONAL]

	 	 	 	 
	 	 
	By  	 	 
	 	Name:  	 	 
	 	Title:  	 	 
	 

 

			
	3	 	To be added only if the consent of the
Administrative Agent is required by the terms of the Credit Agreement.
	 
	4	 	To be added only if the consent of the
Borrower is required by the terms of the Credit Agreement.

Exhibit 9.04-3

 

ANNEX 1

[__________________]5

STANDARD TERMS AND CONDITIONS FOR

ASSIGNMENT AND ASSUMPTION

          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 Assumption 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 the Credit Agreement or any
other Loan Document,6 (ii) the execution, legality, validity, enforceability,
genuineness, sufficiency or value of the Loan Documents or any collateral thereunder, (iii) the
financial condition of the Borrower, any of the Subsidiaries or Affiliates or any other Person
obligated in respect of any Loan Document or (iv) the performance or observance by the Borrower,
any of the Subsidiaries 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
Assumption and to consummate the transactions contemplated hereby and to become a Lender under the
Credit Agreement, (ii) it satisfies the requirements, if any, specified in the Credit Agreement
that are required to be satisfied by it in order to acquire the Assigned Interest and become a
Lender, (iii) from and after the Effective Date, it shall be bound by the provisions of the Credit
Agreement as a Lender thereunder 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 5.01 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 Assumption and to purchase the
Assigned Interest on the basis of which it has made such analysis and decision independently and
without reliance on the Administrative Agent or any other Lender, and (v) if it is a Foreign
Lender7, attached to the Assignment and Assumption 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 Loan Documents, and (ii) it will perform in accordance with their terms all of the
obligations which by the terms of the Loan Documents are required to be performed by it as a
Lender.

 

			
	5	 	Describe Credit Agreement at option of
Administrative Agent.
	 
	6	 	The term “Loan Document” should be conformed
to that used in the Credit Agreement.
	 
	7	 	The concept of “Foreign Lender” should be
conformed to the section in the Credit Agreement governing withholding taxes and gross-up.

Annex 1 - 1

 

          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 Assignor for amounts which have accrued to but excluding the Effective
Date and to the Assignee for amounts which have accrued from and after the Effective Date.

          3. General Provisions. This Assignment and Assumption shall be binding upon, and inure to the
benefit of, the parties hereto and their respective successors and assigns. This Assignment and
Assumption 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 and
Assumption by telecopy shall be effective as delivery of a manually executed counterpart of this
Assignment and Assumption. This Assignment and Assumption shall be governed by, and construed in
accordance with, the law of the State of Texas.

Annex 1 - 2

 

SCHEDULE 2.01

COMMITMENTS

	 	 	 
	LENDER	 	COMMITMENT
	JPMorgan Chase Bank, N.A.
	 	$55,000,000
	Bank of America, N.A.
	 	$55,000,000
	Compass Bank
	 	$40,000,000
	The Bank of Nova Scotia
	 	$40,000,000
	SunTrust Bank
	 	$40,000,000
	Regions Bank
	 	$37,500,000
	US Bank, N.A.
	 	$37,500,000
	Wells Fargo Bank, N.A.
	 	$37,500,000
	Amegy Bank National Association
	 	$32,500,000
	BOKF, NA dba Bank of Texas
	 	$32,500,000
	Raymond James Bank, FSB
	 	$25,000,000
	Branch Banking and Trust Company
	 	$22,500,000
	Comerica Bank
	 	$22,500,000
	Royal Bank of Canada
	 	$22,500,000
	TOTAL
	 	$500,000,000

Schedule 2.01-1

 

Schedule 2.06 (k)

Letters of Credit

Letters of Credit

	 	 	 	 	 

	Reliance Insurance Co.
	 	 	5,769,466	 
	National Union / American Home Assurance1
	 	 	4,600,000	 
	Old Republic Insurance Co.
	 	 	25,737,142	 
	CNA Insurance Cos.o
	 	 	1,552,000	 
	Old Republic Insurance Company
	 	 	3,900,000	 
	Old Republic Insurance Company of Canada2
	 	 	531,000	 
	 
	 	 	 
	 
	 	 	42,089,608	 
	 
	 	 	 

 

 

Schedule 3.06

Note: As used herein, “SCI”, “Company”, “we”, “our”, and “us” refer to Service Corporation
International and companies owned directly or indirectly by Service Corporation International,
unless the context requires otherwise.

Litigation

We are a party to various litigation matters, investigations, and proceedings. For each of our
outstanding legal matters, we evaluate the merits of the case, our exposure to the matter, possible
legal or settlement strategies, and the likelihood of an unfavorable outcome. We intend to
vigorously defend ourselves in the lawsuits described herein; however, if we determine that an
unfavorable outcome is probable and can be reasonably estimated, we establish the necessary
accruals. We hold certain insurance policies that may reduce cash outflows with respect to an
adverse outcome of certain of these litigation matters. We accrue such insurance recoveries when
they become probable of being paid and can be reasonably estimated.

Burial Practices Claims. We are named as a defendant in various lawsuits alleging improper
burial practices at certain of our cemetery locations. These lawsuits include but are not limited
to the Garcia and Sands lawsuits described in the following paragraphs.

Reyvis Garcia and Alicia Garcia v. Alderwoods Group, Inc., Osiris Holding of Florida, Inc, a
Florida corporation, d/b/a Graceland Memorial Park South, f/k/a Paradise Memorial Gardens, Inc.,
was filed in December 2004, in the Circuit Court of the Eleventh Judicial Circuit in and for
Miami-Dade County, Florida, Case No. 04-25646 CA 32. Plaintiffs are the son and sister of the
decedent, Eloisa Garcia, who was buried at Graceland Memorial Park South in March 1986, when the
cemetery was owned by Paradise Memorial Gardens, Inc. Initially, the suit sought damages on the
individual claims of the plaintiffs relating to the burial of Eloisa Garcia. Plaintiffs claimed
that due to poor recordkeeping, spacing issues and maps, and the fact that the family could not
afford to purchase a marker for the grave, the burial location of the decedent could not be readily
located. Subsequently, the decedent’s grave was located and verified. In July 2006, plaintiffs
amended their complaint, seeking to certify a class of all persons buried at this cemetery whose
burial sites cannot be located, claiming that this was due to poor recordkeeping, maps, and surveys
at the cemetery. Plaintiffs subsequently filed a third amended class action complaint and added two
additional named plaintiffs. The plaintiffs are seeking unspecified monetary damages, as well as
equitable and injunctive relief. No class has been certified in this matter. We cannot quantify our
ultimate liability, if any, for the payment of any damages.

F. Charles Sands, individually and on behalf of all others similarly situated, v. Eden
Memorial Park, et al.; Case No. BC421528; in the Superior Court of the State of California for the
County of Los Angeles — Central District. This case was filed in September 2009 against SCI and
certain subsidiaries regarding our Eden Memorial Park cemetery in Mission Hills, California. The
plaintiff seeks to certify a class of cemetery plot owners and their families. The plaintiff also
seeks the appointment of a receiver to oversee cemetery operations. The plaintiff claims the
cemetery damaged and desecrated burials in order to prepare adjoining graves for subsequent
burials. Since the case is in its preliminary stages, we cannot quantify our ultimate liability, if
any, for the payment of any damages.

Antitrust Claims. We are named as a defendant in an antitrust case filed in 2005. The case is
Cause No 4:05-CV-03394; Funeral Consumers Alliance, Inc. v. Service Corporation International, et
al.; in the United States District Court for the Southern District of Texas — Houston (“Funeral
Consumers Case”). This was a purported class action on behalf of casket consumers throughout the
United States alleging that we and several other companies involved in the funeral industry
violated federal antitrust laws and state consumer laws by engaging in various anti-competitive
conduct associated with the sale of caskets. Based on the case proceeding as a class action, the
plaintiffs filed an expert report indicating that the damages sought from all defendants range from
approximately $950 million to $1.5 billion, before trebling. However, the trial court

 

 

denied the plaintiffs’ motion to certify the case as a class action. We deny that we engaged in
anticompetitive practices related to our casket sales and we have filed reports of our experts,
which vigorously dispute the validity of the plaintiffs’ damages theories and calculations. The
trial court dismissed plaintiffs’ claims on September 24, 2010, and the plaintiffs filed an appeal
on October 19, 2010.

Wage and Hour Claims. We are named a defendant in various lawsuits alleging violations of
federal and state laws regulating wage and hour overtime pay, including but not limited to the
Prise, Bryant, Bryant, Helm, and Stickle lawsuits described in the following paragraphs.

Prise, et al., v. Alderwoods Group, Inc., and Service Corporation International; Cause No.
06-164; in the United States District Court for the Western District of Pennsylvania (the “Wage and
Hour Lawsuit”). The Wage and Hour Lawsuit was filed by two former Alderwoods (Pennsylvania), Inc.
employees in December 2006 and purports to have been brought under the Fair Labor Standards Act
(“FLSA”) on behalf of all Alderwoods and SCI-affiliated employees who performed work for which they
were not fully compensated, including work for which overtime pay was owed. The court has
conditionally certified a class of claims as to certain job positions for Alderwoods employees.

Plaintiffs allege causes of action for violations of the FLSA, failure to maintain proper
records, breach of contract, violations of state wage and hour laws, unjust enrichment, fraud and
deceit, quantum meruit, negligent misrepresentation, and negligence. Plaintiffs seek injunctive
relief, unpaid wages, liquidated, compensatory, consequential and punitive damages, attorneys’ fees
and costs, and pre- and post-judgment interest. We cannot quantify our ultimate liability, if any,
in this lawsuit.

Bryant, et al. v. Alderwoods Group, Inc., Service Corporation International, et al.; Case No.
3:07-CV-5696-SI; in the U.S. District Court for the Northern District of California. This lawsuit
was filed on November 8, 2007 against SCI and various subsidiaries and individuals. It is related
to the Wage and Hour Lawsuit, raising similar claims and brought by the same attorneys. This
lawsuit has been transferred to the U.S. District Court for the Western District of Pennsylvania
and is now Case No. 08-CV-00891-JFC. We cannot quantify our ultimate liability, if any, in this
lawsuit.

Bryant, et al. v. Service Corporation International, et al.; Case No. RG-07359593; and Helm,
et al. v. AWGI & SCI ; Case No. RG-07359602; in the Superior Court of the State of California,
County of Alameda. These cases were filed on December 5, 2007 by counsel for plaintiffs in the Wage
and Hour Lawsuit. These cases assert state law claims similar to the federal claims asserted in the
Wage and Hour Lawsuit. These cases were removed to federal court in the U.S. District Court for the
Northern District of California, San Francisco/Oakland Division. The Bryant case is now Case No.
3:08-CV-01190-SI and the Helm case is now Case No. C 08-01184-
SI. On December 29, 2009, the court in the Helm case denied the plaintiffs’ motion to certify the
case as a class action. The plaintiffs have modified and refiled their motion for certification.
The plaintiffs have also filed 21 additional lawsuits with similar allegations seeking class
certification of state law claims in different states. We cannot quantify our ultimate liability,
if any, in these lawsuits.

Stickle, et al. v. Service Corporation International, et al.; Case No. 08-CV-83; in the U.S.
District Court for Arizona, Phoenix Division. Counsel for plaintiffs in the Wage and Hour Lawsuit
filed this case on January 17, 2008, against SCI and various related entities and individuals
asserting FLSA and other ancillary claims based on the alleged failure to pay for overtime. In
September 2009, the Court conditionally certified a class of claims as to certain job positions of
SCI affiliated employees. We cannot quantify our ultimate liability, if any, in this lawsuit.

The ultimate outcome of the matters described above cannot be determined at this time. We
intend to vigorously defend all of the above lawsuits; however, an adverse decision in one or more
of such matters could have a material effect on us, our financial condition, results of operations,
and cash flows.

 

 

	 	 	 	 	 	 	 
	 	SCHEDULE 3.12	 
	Domestic	 	 	 	 	 	 
	Jurisdiction of	 	 	 	 	 	 
	Organization	 	Entity Name	 	Owner(s)	 	% of Ownership
	CA
	 	ADVANCE FUNERAL INSURANCE SERVICES	 	Alderwoods Group (California), Inc.	 	100.00%
	IN
	 	ADVANCE PLANNING OF AMERICA, INC.	 	Alderwoods Group, LLC	 	100.00%
	AL
	 	ADVANCED PLANNING (ALABAMA), INC.	 	Alderwoods Group, LLC	 	100.00%
	DE
	 	SCI SERVICES (ALABAMA), INC.	 	SCI Georgia Funeral Services, Inc.	 	100.00%
	AK
	 	ALDERWOODS (ALASKA), INC.	 	Alderwoods Group, LLC	 	100.00%
	AZ
	 	ALDERWOODS (ARIZONA), INC.	 	Alderwoods Group, LLC	 	55.00%
	 
	 	ALDERWOODS (ARIZONA), INC.	 	Osiris Holding Corporation	 	45.00%
	AR
	 	ALDERWOODS (ARKANSAS), INC.	 	Alderwoods Group, LLC	 	100.00%
	IL
	 	ALDERWOODS (CHICAGO CENTRAL), INC.	 	Alderwoods (Illinois), Inc.	 	71.00%
	 
	 	ALDERWOODS (CHICAGO NORTH), INC.	 	SCI Funeral Services of Florida, Inc.	 	56.25%
	 
	 	ALDERWOODS (CHICAGO NORTH), INC.	 	Alderwoods Group, LLC	 	43.65%
	CO
	 	ALDERWOODS (COLORADO), INC.	 	Alderwoods Group, LLC	 	100.00%
	CT
	 	ALDERWOODS (CONNECTICUT), INC.	 	Alderwoods Group, LLC	 	51.80%
	 
	 	ALDERWOODS (CONNECTICUT), INC.	 	Alderwoods (New York), LLC	 	48.20%
	GA
	 	ALDERWOODS (GEORGIA), INC.	 	Alderwoods Group, LLC	 	100.00%
	ID
	 	ALDERWOODS (IDAHO), INC.	 	Alderwoods Group, LLC	 	100.00%
	IL
	 	ALDERWOODS (ILLINOIS), INC.	 	Alderwoods Group, LLC	 	100.00%
	IN
	 	ALDERWOODS (INDIANA), INC.	 	Alderwoods Group, LLC	 	88.50%
	 
	 	ALDERWOODS (INDIANA), INC.	 	Alderwoods (Tennessee), LLC	 	11.50%
	KS
	 	ALDERWOODS (KANSAS), INC.	 	Alderwoods Group, LLC	 	100.00%
	MD
	 	ALDERWOODS (MARYLAND), INC.	 	Alderwoods Group, LLC	 	100.00%
	MA
	 	ALDERWOODS (MASSACHUSETTS), INC.	 	Alderwoods Group, LLC	 	100.00%
	MI
	 	ALDERWOODS (MICHIGAN), INC.	 	Alderwoods Group, LLC	 	100.00%
	MN
	 	ALDERWOODS (MINNESOTA), INC.	 	Alderwoods Group, LLC	 	100.00%
	DE
	 	ALDERWOODS (MISSISSIPPI), INC.	 	Alderwoods Group, LLC	 	100.00%
	MO
	 	ALDERWOODS (MISSOURI), INC.	 	Alderwoods Group, LLC	 	100.00%
	MT
	 	ALDERWOODS (MONTANA), INC.	 	Alderwoods Group, LLC	 	100.00%
	NV
	 	ALDERWOODS (NEVADA), INC.	 	Alderwoods Group, LLC	 	100.00%
	NM
	 	ALDERWOODS (NEW MEXICO), INC.	 	Alderwoods Group, LLC	 	100.00%
	NY
	 	ALDERWOODS (NEW YORK), LLC	 	SCI Funeral Services of New York, Inc.	 	100.00%
	NC
	 	ALDERWOODS (NORTH CAROLINA), INC.	 	Alderwoods Group, LLC	 	48.80%
	 
	 	ALDERWOODS (NORTH CAROLINA), INC.	 	Carothers Holding Company, LLC	 	50.70%
	 
	 	ALDERWOODS (NORTH CAROLINA), INC.	 	Lineberry Group, Inc	 	0.50%
	OH
	 	ALDERWOODS (OHIO) FUNERAL HOME, INC.	 	Alderwoods Group, LLC	 	100.00%
	OK
	 	ALDERWOODS (OKLAHOMA), INC.	 	Alderwoods Group, LLC	 	100.00%

 

 

	 	 	 	 	 	 	 
	 	SCHEDULE 3.12	 
	Domestic	 	 	 	 	 	 
	Jurisdiction of	 	 	 	 	 	 
	Organization	 	Entity Name	 	Owner(s)	 	% of Ownership
	OR
	 	ALDERWOODS (OREGON), INC.	 	Alderwoods Group, LLC	 	100.00%
	KY
	 	ALDERWOODS (PARTNER), INC.	 	Alderwoods Group, LLC	 	100.00%
	SC
	 	ALDERWOODS (SOUTH CAROLINA), INC.	 	Alderwoods Group, LLC	 	44.00%
	 
	 	ALDERWOODS (SOUTH CAROLINA), INC.	 	Carothers Holding Company, LLC	 	56.00%
	TN
	 	ALDERWOODS (TENNESSEE), LLC	 	Alderwoods Group, LLC	 	100.00%
	CA
	 	ALDERWOODS (TEXAS), INC.	 	Alderwoods Group, LLC	 	100.00%
	VA
	 	ALDERWOODS (VIRGINIA), INC.	 	Alderwoods Group, LLC	 	52.90%
	 
	 	ALDERWOODS (VIRGINIA), INC.	 	Carothers Holding Company, LLC	 	0.50%
	 
	 	ALDERWOODS (VIRGINIA), INC.	 	Lineberry Group, Inc	 	46.60%
	WA
	 	ALDERWOODS (WASHINGTON), INC.	 	Alderwoods Group, LLC	 	100.00%
	WV
	 	ALDERWOODS (WEST VIRGINIA), INC.	 	Alderwoods Group, LLC	 	100.00%
	WI
	 	ALDERWOODS (WISCONSIN), INC.	 	Alderwoods Group, LLC	 	99.00%
	 
	 	ALDERWOODS (WISCONSIN), INC.	 	Osiris Holding Corporation	 	1.00%
	CA
	 	ALDERWOODS GROUP (CALIFORNIA), INC.	 	Alderwoods Group, LLC	 	100.00%
	DE
	 	ALDERWOODS GROUP, LLC	 	Service Corporation International	 	100.00%
	DE
	 	AMERICAN BURIAL AND CREMATION CENTERS, INC.	 	Alderwoods Group, LLC	 	100.00%
	MI
	 	AMG, INC.	 	Alderwoods (Virginia), Inc.	 	100.00%
	OH
	 	BENNETT-EMMERT-SZAKOVITS FUNERAL HOME, INC.	 	Alderwoods Group, LLC	 	100.00%
	PA
	 	BRIGHT UNDERTAKING COMPANY	 	Alderwoods Group, LLC	 	100.00%
	NC
	 	CAROTHERS HOLDING COMPANY, LLC	 	Alderwoods Group, LLC	 	100.00%
	IL
	 	CHICAGO CEMETERY CORPORATION	 	Alderwoods (Illinois), Inc.	 	100.00%
	CA
	 	DIRECTORS SUCCESSION PLANNING II, INC.	 	Directors Succession Planning, Inc	 	100.00%
	CA
	 	DIRECTORS SUCCESSION PLANNING, INC.	 	Alderwoods Group, LLC	 	100.00%
	CA
	 	DSP GENERAL PARTNER II, INC.	 	DSP General Partner, Inc.	 	100.00%
	TX
	 	DSP GENERAL PARTNER, INC.	 	Alderwoods Group, LLC	 	100.00%
	TX
	 	DUNWOOD CEMETERY SERVICE COMPANY	 	Alderwoods Group, LLC	 	80.00%
	 
	 	DUNWOOD CEMETERY SERVICE COMPANY	 	Jackson’s-Burks-Walker-Tippitt	 	20.00%
	TN
	 	EAGLE FINANCIAL ASSOCIATES, INC.	 	Alderwoods Group, LLC	 	100.00%
	TX
	 	EARTHMAN HOLDINGS, INC.	 	Alderwoods Group, LLC	 	100.00%
	CA
	 	EARTHMAN LP, INC.	 	Earthman Holdings, Inc.	 	100.00%
	IL
	 	ELMWOOD ACQUISITION CORPORATION	 	Osiris Holding Corporation	 	100.00%
	WA
	 	EVERGREEN FUNERAL HOME AND
CEMETERY, INC.	 	Alderwoods Group, LLC	 	100.00%
	MS
	 	FAMILY CARE, INC.	 	Alderwoods Group, LLC	 	100.00%
	TX
	 	FUNERAL SERVICE, INC.	 	SCI Texas Funeral Services, Inc.	 	100.00%
	SC
	 	GRACELAND CEMETERY DEVELOPMENT CO.	 	Alderwoods (Georgia), Inc.	 	100.00%
	WA
	 	GREEN SERVICE CORPORATION	 	Alderwoods Group, LLC	 	100.00%
	PA
	 	H. SAMSON, INC.	 	Alderwoods Group, LLC	 	100.00%
	DE
	 	H.P. BRANDT FUNERAL HOME, INC.	 	Alderwoods Group, LLC	 	100.00%
	PA
	 	KNEE FUNERAL HOME OF WILKINSBURG, INC.	 	Alderwoods Group, LLC	 	100.00%

 

 

	 	 	 	 	 	 	 
	 	SCHEDULE 3.12	 
	Domestic	 	 	 	 	 	 
	Jurisdiction of	 	 	 	 	 	 
	Organization	 	Entity Name	 	Owner(s)	 	% of Ownership
	NC
	 	LINEBERRY GROUP, INC.	 	Alderwoods Group, LLC	 	100.00%
	NC
	 	MFH, L.L.C.	 	Carothers Holding Company, LLC	 	100.00%
	IL
	 	MOUNT AUBURN MEMORIAL PARK, INC.	 	Alderwoods (Illinois), Inc.	 	100.00%
	PA
	 	NINETEEN THIRTY-FIVE HOLDINGS, INC.	 	Alderwoods Group, LLC	 	100.00%
	WI
	 	NORTHERN LAND COMPANY, INC.	 	Alderwoods Group, LLC	 	100.00%
	PA
	 	OAK WOODS MANAGEMENT COMPANY	 	Osiris Holding Corporation	 	100.00%
	DE
	 	OSIRIS HOLDING CORPORATION	 	Alderwoods Group, LLC	 	100.00%
	FL
	 	OSIRIS HOLDING OF FLORIDA, INC.	 	Osiris Holding Corporation	 	100.00%
	AR
	 	PHOENIX MEMORIAL PARK ASSOCIATION	 	Osiris Holding Corporation	 	100.00%
	IL
	 	PINEVIEW MEMORIAL PARK, INC.	 	Alderwoods Group, LLC	 	100.00%
	TX
	 	PIONEER FUNERAL PLANS, INC.	 	SCI Texas Funeral Services, Inc.	 	100.00%
	NC
	 	REEVES, INC.	 	Alderwoods (Georgia), Inc.	 	100.00%
	DE
	 	RH CEMETERY CORP.	 	Rose Hills Company	 	100.00%
	CA
	 	RH MORTUARY CORPORATION	 	Rose Hills Company	 	100.00%
	IL
	 	RIDGEWOOD CEMETERY COMPANY, INC.	 	Alderwoods Group, LLC	 	100.00%
	NH
	 	ROBERT DOUGLAS GOUNDREY FUNERAL HOME, INC.	 	Alderwoods Group, LLC	 	100.00%
	DE
	 	ROSE HILLS COMPANY	 	Rose Hills Holdings Corp.	 	100.00%
	DE
	 	ROSE HILLS HOLDINGS CORP.	 	Alderwoods Group, LLC	 	100.00%
	IL
	 	RUZICH FUNERAL HOME, INC.	 	Alderwoods Group, LLC	 	100.00%
	WA
	 	S & H PROPERTIES AND ENTERPRISES, INC.	 	Alderwoods Group, LLC	 	100.00%
	MS
	 	STEPHENS BURIAL ASSOCIATION, INC.	 	Alderwoods (Mississippi), Inc.	 	100.00%
	MS
	 	STEPHENS FUNERAL BENEFIT ASSOCIATION, INC.	 	Alderwoods (Mississippi), Inc.	 	100.00%
	MS
	 	STEPHENS FUNERAL FUND, INC.	 	Alderwoods (Mississippi), Inc.	 	100.00%
	NH
	 	ST. LAURENT FUNERAL HOME, INC.	 	Alderwoods Group, LLC	 	100.00%
	CA
	 	UNIVERSAL MEMORIAL CENTERS V, INC.	 	S & H Properties and Enterprises, Inc.	 	100.00%
	CA
	 	UNIVERSAL MEMORIAL CENTERS VI, INC.	 	S & H Properties and Enterprises, Inc.	 	100.00%
	TX
	 	VANCOUVER FUNERAL CHAPEL, INC.	 	S & H Properties and Enterprises, Inc.	 	100.00%
	TX
	 	WACO MEMORIAL PARK, INC.	 	Alderwoods (Georgia), Inc.	 	100.00%
	NC
	 	WESTMINSTER GARDENS, INC.	 	Alderwoods (North Carolina), Inc.	 	100.00%
	MI
	 	WMP, INC.	 	Alderwoods (Virginia), Inc.	 	100.00%
	IL
	 	WOODLAWN CEMETERY OF CHICAGO, INC.	 	Alderwoods Group, LLC	 	100.00%
	IL
	 	WOODLAWN MEMORIAL PARK, INC.	 	Alderwoods (Chicago Central), Inc.	 	100.00%
	CA
	 	WORKMAN MILL INVESTMENT COMPANY	 	RH Cemetery Corp.	 	100.00%
	NH
	 	ZS ACQUISITION, INC.	 	Alderwoods (Massachussetts) ,Inc.	 	100.00%
	MA
	 	AFFILIATED FAMILY FUNERAL SERVICE, INC.	 	SCI Funeral Services, LLC	 	100.00%
	PA
	 	AUMAN FUNERAL HOME, INC.	 	SCI Pennsylvania Funeral Services, Inc.	 	100.00%
	PA
	 	AUMAN'S, INC.	 	Theo C. Auman, Inc.	 	100.00%
	MD
	 	BAMFH, INC.	 	SCI Maryland Funeral Services, Inc.	 	100.00%
	MD
	 	BURGEE-HENSS-SEITZ FUNERAL HOME, INC.	 	SCI Maryland Funeral Services, Inc.	 	100.00%

 

 

	 	 	 	 	 	 	 
	 	SCHEDULE 3.12	 
	Domestic	 	 	 	 	 	 
	Jurisdiction of	 	 	 	 	 	 
	Organization	 	Entity Name	 	Owner(s)	 	% of Ownership
	DE
	 	CALIFORNIA CEMETERY AND FUNERAL SERVICES, LLC	 	SCI California Funeral Services, Inc.	 	5.00%
	 
	 	CALIFORNIA CEMETERY AND FUNERAL	 	 	 	 
	 
	 	SERVICES, LLC	 	ECI Capital Corporation	 	95.00%
	DE
	 	CEMCARE, INC.	 	SCI Texas Funeral Services, Inc.	 	100.00%
	MD
	 	CHARLES S. ZEILER & SON, INC.	 	SCI Maryland Funeral Services, Inc.	 	100.00%
	NY
	 	CHAS. PETER NAGEL LLC	 	SCI Funeral Services of New York, Inc.	 	100.00%
	DE
	 	CHRISTIAN FUNERAL SERVICES, INC.	 	Service Corporation International	 	100.00%
	MD
	 	DANZANSKY-GOLDBERG MEMORIAL
CHAPELS, INC.	 	SCI Maryland Funeral Services, Inc.	 	100.00%
	DE
	 	DIGNITY MEMORIAL NETWORK, INC.	 	SCI Management L.P.	 	100.00%
	DE
	 	ECI CAPITAL CORPORATION	 	SCI California Funeral Services, Inc.	 	100.00%
	DE
	 	ECI CEMETERY SERVICES OF MARYLAND, LLC	 	SCI Maryland Funeral Services, Inc.	 	100.00%
	DE
	 	ECI SERVICES OF MAINE, INC.	 	SCI Funeral Services, LLC	 	100.00%
	DE
	 	ECI SERVICES OF NEW HAMPSHIRE, INC.	 	SCI Funeral Services, LLC	 	100.00%
	PA
	 	ED MELENYZER CO.	 	SCI Pennsylvania Funeral Services, Inc.	 	100.00%
	MD
	 	EDWARD SAGEL FUNERAL DIRECTION, INC.	 	SCI Maryland Funeral Services, Inc.	 	100.00%
	PA
	 	ENSURE AGENCY OF PENNSYLVANIA, INC.	 	Memorial Guardian Plans, Inc.	 	100.00%
	TX
	 	FHC REALTY, INC.	 	SCI Texas Funeral Services, Inc.	 	100.00%
	MD
	 	FLECK FUNERAL HOME, INC.	 	SCI Maryland Funeral Services, Inc.	 	100.00%
	FL
	 	FLORIDA MARKER, LLC	 	SCI Funeral Services of Florida, Inc.	 	100.00%
	PA
	 	FRANCIS F. SEIDEL, INC.	 	Theo C. Auman, Inc.	 	100.00%
	PA
	 	FUNERAL SERVICE PENNSYLVANIA, LLC	 	SCI Pennsylvania Funeral Services, Inc.	 	100.00%
	NJ
	 	GARDEN STATE CREMATORY, INC.	 	SCI New Jersey Funeral Services, Inc.	 	100.00%
	MD
	 	GARY L. KAUFMAN FUNERAL HOME AT	 	 	 	 
	
	 	MEADOWRIDGE MEMORIAL PARK, INC.	 	SCI Maryland Funeral Services, Inc.	 	100.00%
	MD
	 	GARY L. KAUFMAN FUNERAL HOME SOUTHWEST, INC.	 	SCI Maryland Funeral Services, Inc.	 	100.00%
	MD
	 	GEORGE WASHINGTON CEMETERY COMPANY, LLC	 	SCI Maryland Funeral Services, Inc.	 	100.00%
	PA
	 	HAROLD B. MULLIGAN CO., INC.	 	SCI Pennsylvania Funeral Services, Inc.	 	100.00%
	HI
	 	HAWAIIAN MEMORIAL LIFE PLAN, LTD.	 	SCI Hawaii Funeral Services, Inc.	 	100.00%
	NY
	 	I. J. MORRIS, LLC	 	SCI Funeral Services of New York, Inc.	 	100.00%
	TX
	 	INVESTMENT CAPITAL CORPORATION	 	SCI Capital Corporation	 	100.00%
	DC
	 	JOSEPH GAWLER’S SONS, LLC	 	SCI Funeral Services, LLC	 	100.00%
	PA
	 	LAUGHLIN FUNERAL HOME, LTD.	 	Funeral Service Pennsylvania, LLC	 	100.00%
	MD
	 	LEMMON FUNERAL HOME OF DULANEY
VALLEY, INC.	 	SCI Maryland Funeral Services, Inc.	 	100.00%
	MD
	 	LORING BYERS FUNERAL DIRECTORS, INC.	 	SCI Maryland Funeral Services, Inc.	 	100.00%
	DE
	 	MAKING EVERLASTING MEMORIES, LLC	 	SCI Financial Services, Inc.	 	80.00%
	 
	 	MAKING EVERLASTING MEMORIES, LLC	 	G. Scott Mindrum	 	20.00%
	NH
	 	MCHUGH FUNERAL HOME, INC.	 	Alderwoods Group, LLC	 	100.00%
	MO
	 	MEMORIAL GUARDIAN PLANS, INC.	 	SCI Missouri Funeral Services, Inc.	 	100.00%
	DE
	 	MEMORIAL GUARDIAN PLANS, INC.	 	SCI Funeral Services, LLC	 	100.00%
	MD
	 	MILLER-DIPPEL FUNERAL HOME, INC.	 	SCI Maryland Funeral Services, Inc.	 	100.00%

 

 

	 	 	 	 	 	 	 
	 	SCHEDULE 3.12	 
	Domestic	 	 	 	 	 	 
	Jurisdiction of	 	 	 	 	 	 
	Organization	 	Entity Name	 	Owner(s)	 	% of Ownership
	MD
	 	MORAN-ASHTON FUNERAL HOME, INC.	 	SCI Maryland Funeral Services, Inc.	 	100.00%
	CA
	 	MOUNT VERNON MEMORIAL PARK	 	SCI California Funeral Services, Inc.	 	100.00%
	MD
	 	NATIONAL CREMATION SERVICE, INC.	 	SCI Maryland Funeral Services, Inc.	 	100.00%
	NY
	 	NEW YORK FUNERAL CHAPELS, LLC	 	SCI Funeral Services of New York, Inc.	 	100.00%
	NY
	 	NEW YORK MARKER, LLC	 	SCI Funeral Services of New York, Inc.	 	100.00%
	DE
	 	PINEY GROVE, LLC	 	SCI Special, Inc.	 	100.00%
	DE
	 	PSI FUNDING, INC.	 	SCI Texas Funeral Services, Inc.	 	100.00%
	DE
	 	REMEMBRANCE MEMORIAL TRADITIONS, LLC	 	SCI Special, Inc.	 	100.00%
	PA
	 	ROBERT L. HENDRICKS FUNERAL HOME, INC.	 	Funeral Service Pennsylvania, LLC	 	 
	PA
	 	ROHLAND FUNERAL HOME	 	Funeral Service Pennsylvania, LLC	 	100.00%
	WV
	 	ROSEDALE CEMETERY COMPANY	 	SCI West Virginia Funeral Services, Inc.	 	100.00%
	WV
	 	ROSEDALE FUNERAL CHAPEL, INC.	 	SCI West Virginia Funeral Services, Inc.	 	100.00%
	DE
	 	SALVATORE AIR TRANSPORTATION CORP.	 	Service Corporation International	 	100.00%
	DE
	 	SAUL-GABAUER FUNERAL HOME, INC.	 	SCI Pennsylvania Funeral Services, Inc.	 	100.00%
	DE
	 	SCI ADMINISTRATIVE SERVICES, LLC	 	SCI Special, Inc.	 	100.00%
	AL
	 	SCI ALABAMA FUNERAL SERVICES, LLC	 	SCI Funeral Services, LLC	 	100.00%
	AK
	 	SCI ALASKA FUNERAL SERVICES, INC.	 	SCI Funeral Services, LLC	 	100.00%
	AZ
	 	SCI ARIZONA FUNERAL SERVICES, INC.	 	SCI Funeral Services, LLC	 	100.00%
	AR
	 	SCI ARKANSAS FUNERAL SERVICES, INC.	 	SCI Funeral Services, LLC	 	100.00%
	CA
	 	SCI CALIFORNIA FUNERAL SERVICES, INC.	 	SCI Funeral Services, LLC	 	100.00%
	DE
	 	SCI CAPITAL CORPORATION	 	SCI Special, Inc.	 	100.00%
	DE
	 	SCI CERBERUS, LLC	 	SCI International, LLC	 	100.00%
	CO
	 	SCI COLORADO FUNERAL SERVICES, INC.	 	SCI Funeral Services, LLC	 	100.00%
	CT
	 	SCI CONNECTICUT FUNERAL SERVICES, LLC	 	SCI Funeral Services, LLC	 	100.00%
	TX
	 	SCI EASTERN MARKET SUPPORT CENTER, L.P.	 	SCI Management L.P.	 	Limited Partner
	 
	 	SCI EASTERN MARKET SUPPORT CENTER, L.P.	 	SCI Eops HQ, Inc.	 	General Partner
	NY
	 	SCI EOPS HQ, INC.	 	SCI Management L.P.	 	100.00%
	DE
	 	SCI EXECUTIVE SERVICES, INC.	 	Service Corporation International	 	100.00%
	DE
	 	SCI FINANCIAL SERVICES, INC.	 	Service Corporation International	 	100.00%
	DE
	 	SCI FUNERAL & CEMETERY
PURCHASING COOPERATIVE, INC.	 	SCI Eastern Market Support Center, L.P.	 	25.00%
	 
	 	SCI FUNERAL & CEMETERY PURCHASING	 	 	 	 
	 
	 	COOPERATIVE, INC.	 	SCI Western Market Support Center, Inc.	 	25.00%
	 
	 	SCI FUNERAL & CEMETERY PURCHASING	 	 	 	 
	 
	 	COOPERATIVE, INC.	 	SCI Houston Market Support Center, L.P.	 	25.00%
	 
	 	SCI FUNERAL & CEMETERY PURCHASING	 	 	 	 
	 
	 	COOPERATIVE, INC.	 	Service Corporation International (Canada) ULC	 	25.00%
	FL
	 	SCI FUNERAL SERVICES OF FLORIDA, INC.	 	SCI Funeral Services, LLC	 	99.00%
	 
	 	SCI FUNERAL SERVICES OF FLORIDA, INC.	 	Alderwoods (Minnesota), Inc.	 	1.00%
	NY
	 	SCI FUNERAL SERVICES OF NEW YORK, INC.	 	SCI Funeral Services, LLC	 	100.00%
	IA
	 	SCI FUNERAL SERVICES, LLC	 	Service Corporation International	 	100.00%
	DE
	 	SCI GEORGIA FUNERAL SERVICES, INC.	 	SCI Funeral Services, LLC	 	100.00%
	TX
	 	SCI HOUSTON HUB, INC.	 	SCI Management L.P.	 	100.00%

 

 

	 	 	 	 	 	 	 
	 	SCHEDULE 3.12	 
	Domestic	 	 	 	 	 	 
	Jurisdiction of	 	 	 	 	 	 
	Organization	 	Entity Name	 	Owner(s)	 	% of Ownership
	TX
	 	SCI HOUSTON MARKET SUPPORT CENTER, L.P.	 	SCI Management L.P.	 	Limited Partner
	 
	 	SCI HOUSTON MARKET SUPPORT CENTER, L.P.	 	SCI Houston Hub, Inc.	 	General Partner
	IL
	 	SCI ILLINOIS SERVICES, INC.	 	SCI Funeral Services, LLC	 	100.00%
	DE
	 	SCI INDIANA FUNERAL SERVICES, INC.	 	SCI Funeral Services, LLC	 	100.00%
	DE
	 	SCI INTERNATIONAL, LLC	 	Service Corporation International	 	100.00%
	DE
	 	SCI INVESTMENT SERVICES, INC.	 	SCI Financial Services, Inc.	 	100.00%
	DE
	 	SCI IOWA FINANCE COMPANY	 	SCI Iowa Funeral Services, Inc.	 	100.00%
	IA
	 	SCI IOWA FUNERAL SERVICES, INC.	 	SCI Funeral Services, LLC	 	100.00%
	KS
	 	SCI KANSAS FUNERAL SERVICES, INC.	 	SCI Funeral Services, LLC	 	100.00%
	KY
	 	SCI KENTUCKY FUNERAL SERVICES, INC.	 	SCI Funeral Services, LLC	 	99.00%
	DE
	 	SCI LOAN SERVICES, LLC	 	SCI Virginia Funeral Services, Inc.	 	100.00%
	LA
	 	SCI LOUISIANA FUNERAL SERVICES, INC.	 	SCI Funeral Services, LLC	 	100.00%
	DE
	 	SCI MANAGEMENT L.P.	 	SCI Administrative Services, LLC	 	General Partner
	 
	 	SCI MANAGEMENT L.P.	 	Remembrance Memorial Traditions, LLC	 	Limited Partner
	MD
	 	SCI MARYLAND FUNERAL SERVICES, INC.	 	SCI Funeral Services, LLC	 	100.00%
	MI
	 	SCI MICHIGAN FUNERAL SERVICES, INC.	 	SCI Funeral Services, LLC	 	100.00%
	MN
	 	SCI MINNESOTA FUNERAL SERVICES, INC.	 	SCI Funeral Services, LLC	 	100.00%
	MS
	 	SCI MISSISSIPPI FUNERAL SERVICES, INC.	 	SCI Funeral Services, LLC	 	100.00%
	MO
	 	SCI MISSOURI FUNERAL SERVICES, INC.	 	SCI Funeral Services, LLC	 	100.00%
	NE
	 	SCI NEBRASKA FUNERAL SERVICES, INC.	 	SCI Funeral Services, LLC	 	100.00%
	NJ
	 	SCI NEW JERSEY FUNERAL SERVICES, INC.	 	SCI Funeral Services, LLC	 	100.00%
	NM
	 	SCI NEW MEXICO FUNERAL SERVICES, INC.	 	SCI Funeral Services, LLC	 	100.00%
	NC
	 	SCI NORTH CAROLINA FUNERAL SERVICES, LLC	 	SCI Funeral Services, LLC	 	100.00%
	OH
	 	SCI OHIO FUNERAL SERVICES, INC.	 	SCI Funeral Services, LLC	 	100.00%
	OK
	 	SCI OKLAHOMA FUNERAL SERVICES, INC.	 	SCI Funeral Services, LLC	 	100.00%
	OR
	 	SCI OREGON FUNERAL SERVICES, INC.	 	SCI Funeral Services, LLC	 	100.00%
	PA
	 	SCI PENNSYLVANIA FUNERAL SERVICES, INC.	 	SCI Funeral Services, LLC	 	100.00%
	RI
	 	SCI RHODE ISLAND FUNERAL SERVICES, LLC	 	SCI Funeral Services, LLC	 	100.00%
	SC
	 	SCI SOUTH CAROLINA FUNERAL SERVICES, INC.	 	SCI Funeral Services, LLC	 	100.00%
	DE
	 	SCI SPECIAL, INC.	 	Service Corporation International	 	100.00%
	TN
	 	SCI TENNESSEE FUNERAL SERVICES, LLC	 	SCI Funeral Services, LLC	 	100.00%
	DE
	 	SCI TEXAS FUNERAL SERVICES, INC.	 	SCI Funeral Services, LLC	 	100.00%
	UT
	 	SCI UTAH FUNERAL SERVICES, INC.	 	SCI Funeral Services, LLC	 	100.00%
	VA
	 	SCI VIRGINIA FUNERAL SERVICES, INC.	 	SCI Funeral Services, LLC	 	100.00%
	WA
	 	SCI WASHINGTON FUNERAL SERVICES, INC.	 	SCI Funeral Services, LLC	 	100.00%
	WV
	 	SCI WEST VIRGINIA FUNERAL SERVICES, INC.	 	SCI Funeral Services, LLC	 	100.00%
	CA
	 	SCI WESTERN MARKET SUPPORT CENTER, INC.	 	SCI Management L.P.	 	100.00%
	WI
	 	SCI WISCONSIN FUNERAL SERVICES, INC.	 	SCI Funeral Services, LLC	 	100.00%
	VA
	 	SENTINEL SECURITY PLANS, INC.	 	Memorial Guardian Plans, Inc.	 	100.00%

 

 

	 	 	 	 	 	 	 
	 	SCHEDULE 3.12	 
	Domestic	 	 	 	 	 	 
	Jurisdiction of	 	 	 	 	 	 
	Organization	 	Entity Name	 	Owner(s)	 	% of Ownership
	MD
	 	STERLING-ASHTON-SCHWAB FUNERAL
HOME, INC.	 	SCI Maryland Funeral Services, Inc.	 	100.00%
	 
	 	STERLING-ASHTON-SCHWAB-WITZKE-FUNERAL HOME OF CATONSVILLE, INC.	 	SCI Maryland Funeral Services, Inc.	 	 
	DE
	 	STORMY SKY, LLC	 	SCI Capital Corporation	 	100.00%
	OH
	 	THE KNOLLWOOD CEMETERY COMPANY	 	SCI Ohio Funeral Services, Inc.	 	100.00%
	PA
	 	THEO C. AUMAN, INC.	 	SCI Pennsylvania Funeral Services, Inc.	 	100.00%
	NY
	 	THOMAS M. QUINN & SONS, LLC	 	SCI Funeral Services of New York, Inc.	 	100.00%
	TX
	 	TMJ LAND, INC.	 	SCI Funeral Services, LLC	 	100.00%
	OR
	 	UNISERVICE CORPORATION	 	SCI Oregon Funeral Services, Inc.	 	100.00%
	UT
	 	WASATCH LAND AND IMPROVEMENT COMPANY	 	SCI Utah Funeral Services, Inc.	 	100.00%
	TX
	 	WFG LIQUIDATION CORPORATION	 	SCI Texas Funeral Services, Inc.	 	100.00%
	NJ
	 	WIEN & WIEN, INC.	 	SCI New Jersey Funeral Services, Inc.	 	100.00%
	DC
	 	WITZKE FUNERAL HOMES, INC.	 	SCI Funeral Services, LLC	 	100.00%
	FL
	 	WPALM, INC.	 	SCI Funeral Services of Florida, Inc.	 	100.00%
	DE
	 	WILSON FINANCIAL GROUP, INC.	 	Investment Capital Corporation	 	53.30%
	TX
	 	WILSON HOLDINGS, INC.	 	Wilson Financial Group, Inc.	 	100.00%
	DE
	 	AMISTAD CORPORATION	 	Wilson Financial Group, Inc.	 	100.00%
	CA
	 	COOLEY & RIOLO MORTUARY, INC.	 	Wilson Holdings, Inc.	 	100.00%
	CA
	 	THOMPSON FUNERAL HOME, INC.	 	Wilson Holdings, Inc.	 	100.00%
	CA
	 	WFG-FULLER FUNERALS, INC.	 	Wilson Holdings, Inc.	 	100.00%
	CA
	 	WILSON-BANNON MORTUARY, INC.	 	Wilson Holdings, Inc.	 	100.00%
	CA
	 	WILSON CAMELLIA MEMORIAL LAWN, INC.	 	Wilson Holdings, Inc.	 	100.00%
	DE
	 	M.J. EDWARDS HILLSIDE CHAPEL, INC.	 	Wilson Holdings, Inc.	 	100.00%
	FL
	 	A.B. COLEMAN MORTUARY, INC.	 	Wilson Holdings, Inc.	 	100.00%
	FL
	 	HOLMES FUNERAL DIRECTORS, INC.	 	Wilson Holdings, Inc.	 	100.00%
	GA
	 	COLLEGE PARK CEMETERY, INC.	 	Wilson Holdings, Inc.	 	100.00%
	GA
	 	CREST LAWN MEMORIAL PARK, INC.	 	Wilson Holdings, Inc.	 	100.00%
	GA
	 	FOREST LAWN MEMORIAL GARDENS, INC.	 	Wilson Holdings, Inc.	 	100.00%
	GA
	 	KENNEDY MEMORIAL GARDENS, INC.	 	Wilson Holdings, Inc.	 	100.00%
	GA
	 	SHERWOOD MEMORIAL PARK & MAUSOLEUM, INC.	 	Wilson Holdings, Inc.	 	100.00%
	TN
	 	SOUTHERN FUNERAL HOME, INC.	 	Wilson Financial Group, Inc.	 	100.00%
	TN
	 	FRANKLIN-STRICKLAND FUNERAL HOME, INC.	 	Amistad Corporation	 	100.00%
	TN
	 	M.J. EDWARDS & SONS FUNERAL HOME, INC.	 	Wilson Holdings, Inc.	 	100.00%
	TN
	 	M.J. EDWARDS-WHITEHAVEN FUNERAL
CHAPEL, INC.	 	Wilson Holdings, Inc.	 	100.00%
	TX
	 	CARL BARNES FUNERAL HOME, INC.	 	Wilson Holdings, Inc.	 	100.00%
	TX
	 	CEDAR CREST FUNERAL HOME, INC.	 	Wilson Holdings, Inc.	 	100.00%
	TX
	 	FULLER-SHEFFIELD FUNERAL SERVICES, INC.	 	Wilson Holdings, Inc.	 	100.00%
	TX
	 	LINCOLN FUNERAL HOME, INC.	 	Wilson Holdings, Inc.	 	100.00%
	TX
	 	MAINLAND FUNERAL HOME, INC.	 	Wilson Holdings, Inc.	 	100.00%

 

 

	 	 	 	 	 	 	 
	 	SCHEDULE 3.12	 
	Domestic	 	 	 	 	 	 
	Jurisdiction of	 	 	 	 	 	 
	Organization	 	Entity Name	 	Owner(s)	 	% of Ownership
	TX
	 	MORRIS-BATES FUNERAL HOME, INC.	 	Wilson Holdings, Inc.	 	100.00%
	TX
	 	PARADISE FUNERAL HOME, INC.	 	Wilson Holdings, Inc.	 	100.00%
	TX
	 	PARADISE INVESTMENT CORPORATION	 	Wilson Holdings, Inc.	 	100.00%
	TX
	 	PARADISE CEMETERY SOUTH, INC.	 	Paradise Investment Corporation	 	100.00%
	TX
	 	WARFORD-WALKER MORTUARY, INC.	 	Wilson Holdings, Inc.	 	100.00%
	TX
	 	WFG-CRISTO REY FUNERAL HOME, INC.	 	Wilson Holdings, Inc.	 	100.00%
	TX
	 	WFG-LOCKWOOD FUNERAL HOME, INC.	 	Wilson Holdings, Inc.	 	100.00%
	TX
	 	WFG-NAT CLARK, INC.	 	Wilson Holdings, Inc.	 	100.00%
	TX
	 	WILSON-LINCOLN CEMETERY, INC.	 	Wilson Holdings, Inc.	 	100.00%
	TX
	 	CARVER MEMORIAL PARK, INC.	 	Wilson-Lincoln Cemetery, Inc.	 	100.00%
	IN
	 	WFG-WILLIAMS & BLUITT FUNERAL HOME, INC.	 	Wilson Holdings, Inc.	 	100.00%
	TX
	 	WFG-GREGORY-SPENCER FUNERAL HOME, INC.	 	Wilson Holdings, Inc.	 	100.00%
	PA
	 	BEHM FUNERAL PROPERTIES, INC.	 	Keystone America, Inc.	 	100.00%
	AZ
	 	GILA MOUNTAIN DEVELOPMENT CO., INC.	 	Keystone America, Inc.	 	100.00%
	DE
	 	HEALY-HAHN FUNERAL PROPERTIES, INC.	 	Keystone America, Inc.	 	100.00%
	DE
	 	HHFP, INC.	 	Keystone America, Inc.	 	100.00%
	VT
	 	KER-WESTERLUND FUNERAL HOME, INC.	 	Keystone America, Inc.	 	100.00%
	DE
	 	KEYSTONE ADVANCE PLANNING, INC.	 	Keystone Group Holdings, Inc.	 	100.00%
	DE
	 	KEYSTONE AMERICA, INC.	 	Keystone Group Holdings, Inc.	 	100.00%
	DE
	 	KEYSTONE GROUP HOLDINGS, INC.	 	Keystone Canada Corp.	 	100.00%
	DE
	 	KEYSTONE KENTUCKY, INC.	 	Keystone America, Inc.	 	100.00%
	DE
	 	KEYSTONE MICHIGAN, INC.	 	Keystone America, Inc.	 	100.00%
	NV
	 	KNAUSS ENTERPRISES LIMITED
LIABILITY COMPANY	 	Alderwoods (Nevada), Inc.	 	100.00%
	FL
	 	OAKLAWN CEMETERY ASSOCIATION	 	SCI Funeral Services of Florida, Inc.	 	100.00%
	NV
	 	PALM MORTUARY,  INC.	 	Alderwoods (Nevada), Inc.	 	100.00%
	MD
	 	SCHIMUNEK FUNERAL HOME, INC.	 	Keystone America, Inc.	 	100.00%
	MD
	 	THE SCHIMUNEK FUNERAL HOME OF BEL AIR, INC.	 	Schimunek Funeral Home, Inc.	 	100.00%
	NJ
	 	ZARRO FUNERAL HOME	 	Keystone America, Inc.	 	100.00%
	 
	 		 
	FOREIGN	 	 	 	 	 	 
	SUBSIDIARIES	 	 	 	 	 	 
	Jurisdiction of	 	 	 	 	 	 
	Organization	 	Entity Name	 	Owner(s)	 	% of Ownership
	Puerto Rico
	 	SCI PUERTO RICO FUNERAL AND
CEMETERY SERVICES, INC.	 	Alderwoods Group, LLC	 	100.00%
	United Kingdom
	 	ALDERWOODS UK HOLDINGS LTD.	 	Alderwoods Group, LLC	 	100.00%
	Alberta
	 	247663 ALBERTA LTD.	 	Service Corporation International (Canada) ULC	 	90.00%
	 
	 	247663 ALBERTA LTD.	 	Don Thackeray	 	10.00%
	Nova Scotia
	 	SERVICE CORPORATION INTERNATIONAL
CAPITAL FUNDING L.P.	 	3056269 NOVA SCOTIA COMPANY	 	General Partner

 

 

	 	 	 	 	 	 	 
	 	SCHEDULE 3.12	 
	FOREIGN SUBSIDIARIES	 	 	 	 	 	 
	Jurisdiction of	 	 	 	 	 	 
	Organization	 	Entity Name	 	Owner(s)	 	% of Ownership
	 
	 	SERVICE CORPORATION INTERNATIONAL
CAPITAL FUNDING L.P.	 	3056271 NOVA SCOTIA COMPANY	 	Limited Partner
	Saskatchewan
	 	COMMUNITY CREMATORIUM SERVICES LIMITED	 	Service Corporation International (Canada) ULC	 	50.00%
	 
	 	COMMUNITY CREMATORIUM SERVICES LIMITED	 	Speers Funeral Chapel Inc.	 	50.00%
	Saskatchewan
	 	ADVANCE FUNERAL PLANNING LTD.	 	Service Corporation International (Canada) ULC	 	100.00%
	British Columbia
	 	GREGORY’S WILLIAMS LAKE FUNERAL HOME LTD.	 	Service Corporation International (Canada) ULC	 	100.00%
	Quebec
	 	GUAYCO INVESTMENTS
INC./INVESTISSEMENTS GUAYCO	 	Service Corporation International (Canada) ULC	 	100.00%
	Quebec
	 	LES SALONS FUNERAIRES GUAY INC.	 	Guayco Investments Inc.	 	100.00%
	Nova Scotia
	 	JAYNE’S FUNERAL HOME (1984) LIMITED	 	Service Corporation International (Canada) ULC	 	100.00%
	Nova Scotia
	 	NAFCANCO ULC	 	Alderwoods Group, LLC	 	100.00%
	Nova Scotia
	 	3056269 NOVA SCOTIA COMPANY	 	SCI International, LLC	 	100.00%
	Nova Scotia
	 	3056271 NOVA SCOTIA COMPANY	 	SCI Cerberus, LLC	 	100.00%
	Manitoba
	 	P. COUTU FUNERAL CHAPELS LTD.	 	Service Corporation International (Canada) ULC	 	100.00%
	Canadian Federal
	 	SERVICE CORPORATION INTERNATIONAL
(CANADA) ULC	 	Service Corporation International
Capital Funding L.P.	 	100.00%
	Canadian Federal
	 	SSPI (CANADA) LTD.	 	Service Corporation International (Canada) ULC	 	100.00%
	Cayman Islands
	 	SCI LATIN AMERICA LTD.	 	SCI International, LLC	 	100.00%
	Cayman Islands
	 	SCI CAYMAN II LTD.	 	SCI Latin America Ltd.	 	100.00%
	Barbados
	 	LOEWEN FINANCIAL CORPORATION	 	Loewen International Holdings Ltd.	 	100.00%
	Barbados
	 	LOEWEN INSURANCE HOLDINGS INC.	 	Loewen International Holdings Ltd.	 	100.00%
	Barbados
	 	LOEWEN INTERNATIONAL HOLDINGS LTD.	 	Service Corporation International (Canada) ULC	 	100.00%
	Barbados
	 	LOEWEN TRADING CORPORATION	 	Service Corporation International (Canada) ULC	 	100.00%
	Germany
	 	SCI D GmbH	 	SCI International, LLC	 	100.00%
	Germany
	 	BESTATTUNGSINSTITUT BARBEL BRAND GmbH	 	SCI D GmbH	 	100.00%
	Germany
	 	NORDDEUTSCHE BESTATTUNGSGESELLSCHAFT mbH	 	SCI D GmbH	 	100.00%
	Germany
	 	BREIDENSTEIN BESTATTUNGEN GMBH	 	SCI D GmbH	 	100.00%
	Germany
	 	THOMAS AMM GMBH	 	SCI D GmbH	 	100.00%
	Luxembourg
	 	SCI LUXEMBOURG SARL	 	SCI International, LLC	 	100.00%
	Malaysia
	 	ENLIGHTENED TRANSITION Sdn Bhd	 	SCI International, LLC	 	100.00%
	Malaysia
	 	BAHUA FUNERAL SERVICES Sdn Bhd	 	SCI International, LLC	 	33.33%
	Switzerland
	 	OSEFI HOLDINGS SA	 	SCI International, LLC	 	100.00%
	United Kingdom
	 	SCI UK INVESTMENTS LIMITED	 	SCI Administrative Services, LLC	 	100.00%
	Ontario
	 	KEYSTONE CANADA CORP.	 	3056271 Nova Scotia Company	 	100.00%
	 
	 	KEYSTONE CANADA FUNERAL HOMES INC.	 	Keystone America, Inc.	 	100.00%
	 
	 	LAHAIE & SULLIVAN CORNWALL FUNERAL HOMES	 	 	 	 
	 
	 	LIMITED	 	Keystone Canada Funeral Homes Inc.	 	100.00%
	 
	 	SALON FUNERAIRE M. JOHN SULLIVAN FUNERAL	 	 	 	 
	 
	 	HOME INC.	 	Keystone Canada Funeral Homes Inc.	 	100.00%
	Netherlands 
	 	SERVICE CORPORATION INTERNATIONAL NETHERLANDS COOPERATIEF U.A.	 	SCI International, LLC	 	99.00%
	
	 		 	Service Corporation International (BVI) Ltd.	 	1.00%
	Virgin Islands
	 	SERVICE CORPORATION INTERNATIONAL (BVI) LTD	 	Service Corporation International	 	100.00%

 

 

Schedule 6.01 ( b )

Existing Indebtedness

February 28, 2011

(USD)

     

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	28-Feb-11	 	 	SENIOR	 	 	SENIOR	 	 	SUBORDINATED	 	 	 	 	 	 	 
	 	 	Maturity	 	 	Borrower	 	 	Guarantor	 	 	Security	 	 	Issue Date	 	 	Indenture	 	 	Total	 	 	Unsecured	 	 	Secured	 	 	Unsecured	 	 	Parent	 	 	Subsidiary	 
	Revolving Credit Lines
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	$400M Revolving Credit Facility (2013)
	 	 	11/28/2013	 	 	Service Corp Intl	 	None	 	None	 	 	 	 	 	None	 	 	0	 	 	 	0	 	 	 	0	 	 	 	0	 	 	 	0	 	 	 	0	 
	 	 	 
	Total Revolving Credit Lines
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	0	 	 	 	0	 	 	 	0	 	 	 	0	 	 	 	0	 	 	 	0	 
	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Publicly Traded Notes
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	7.375% senior notes (2014)
	 	 	10/3/2014	 	 	Service Corp Intl	 	None	 	None	 	2006	 	 	1993 Senior	 	 	180,692,000	 	 	 	180,692,000	 	 	 	0	 	 	 	0	 	 	 	180,692,000	 	 	 	0	 
	6.750% senior notes (2015)
	 	 	4/1/2015	 	 	Service Corp Intl	 	None	 	None	 	2007	 	 	1993 Senior	 	 	152,500,000	 	 	 	152,500,000	 	 	 	0	 	 	 	0	 	 	 	152,500,000	 	 	 	0	 
	6.750% senior notes (2016)
	 	 	4/1/2016	 	 	Service Corp Intl	 	None	 	None	 	2004	 	 	1993 Senior	 	 	212,927,000	 	 	 	212,927,000	 	 	 	0	 	 	 	0	 	 	 	212,927,000	 	 	 	0	 
	7.000% senior notes (2017)
	 	 	6/15/2017	 	 	Service Corp Intl	 	None	 	None	 	2005	 	 	1993 Senior	 	 	295,000,000	 	 	 	295,000,000	 	 	 	0	 	 	 	0	 	 	 	295,000,000	 	 	 	0	 
	7.625% senior notes (2018)
	 	 	10/3/2018	 	 	Service Corp Intl	 	None	 	None	 	2006	 	 	1993 Senior	 	 	250,000,000	 	 	 	250,000,000	 	 	 	0	 	 	 	0	 	 	 	250,000,000	 	 	 	0	 
	7.000% senior notes (2019)
	 	 	11/15/2019	 	 	Service Corp Intl	 	None	 	None	 	2010	 	 	1993 Senior	 	 	250,000,000	 	 	 	250,000,000	 	 	 	0	 	 	 	0	 	 	 	250,000,000	 	 	 	0	 
	8.000% senior notes (2021)
	 	 	11/15/2021	 	 	Service Corp Intl	 	None	 	None	 	2009	 	 	1993 Senior	 	 	150,000,000	 	 	 	150,000,000	 	 	 	0	 	 	 	0	 	 	 	150,000,000	 	 	 	0	 
	7.500% senior notes (2027)
	 	 	4/1/2027	 	 	Service Corp Intl	 	None	 	None	 	2007	 	 	1993 Senior	 	 	200,000,000	 	 	 	200,000,000	 	 	 	0	 	 	 	0	 	 	 	200,000,000	 	 	 	0	 
	 	 	 
	Total Publicly Traded Notes
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	1,691,119,000	 	 	 	1,691,119,000	 	 	 	0	 	 	 	0	 	 	 	1,691,119,000	 	 	 	0	 
	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Debentures
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Acquisition Debentures (USD)
	 	 	6/30/2013	 	 	Service Corp Intl	 	None	 	None	 	1993	 	 	1992 Debenture	 	 	1,575,000	 	 	 	1,575,000	 	 	 	0	 	 	 	0	 	 	 	1,575,000	 	 	 	0	 
	7.875% debentures (2013)
	 	 	2/1/2013	 	 	Service Corp Intl	 	None	 	None	 	1993	 	 	1993 Senior	 	 	8,407,000	 	 	 	8,407,000	 	 	 	0	 	 	 	0	 	 	 	8,407,000	 	 	 	0	 
	Other Debentures (USD)
	 	Various	 	Various	 	None	 	None	 	Various	 	None	 	 	624,197	 	 	 	624,197	 	 	 	0	 	 	 	0	 	 	 	0	 	 	 	624,197	 
	 	 	 
	Total Debentures
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	10,606,197	 	 	 	10,606,197	 	 	 	0	 	 	 	0	 	 	 	9,982,000	 	 	 	624,197	 
	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Other Debt
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	United States (USD): Unsecured
	 	Various	 	Various Subs	 	None	 	None	 	 	 	 	 	None	 	 	786,934	 	 	 	786,934	 	 	 	0	 	 	 	0	 	 	 	0	 	 	 	786,934	 
	United States (USD): Secured
	 	Various	 	Various Subs	 	None	 	Various	 	 	 	 	 	None	 	 	3,145,171	 	 	 	0	 	 	 	3,145,171	 	 	 	0	 	 	 	0	 	 	 	3,145,171	 
	Aircraft Liability: G-450 # 1 (JPMorgan Chase)
	 	 	12/1/2013	 	 	Various Subs	 	None	 	None	 	 	 	 	 	None	 	 	30,829,975	 	 	 	30,829,975	 	 	 	0	 	 	 	0	 	 	 	0	 	 	 	30,829,975	 
	US & Canada (USD): Capital Leases
	 	Various	 	Various Subs	 	Service Corp Intl	 	Aircraft & Vehicles	 	 	 	 	 	None	 	 	118,822,474	 	 	 	0	 	 	 	118,822,474	 	 	 	0	 	 	 	0	 	 	 	118,822,474	 
	Canada (USD): Unsecured
	 	Various	 	Various Subs	 	None	 	None	 	 	 	 	 	None	 	 	307,020	 	 	 	307,020	 	 	 	0	 	 	 	0	 	 	 	0	 	 	 	307,020	 
	Wilson Financial Group (USD): Capital Leases
	 	Various	 	Various Subs	 	Service Corp Intl	 	Vehicles	 	 	 	 	 	None	 	 	2,393,229	 	 	 	0	 	 	 	2,393,229	 	 	 	0	 	 	 	0	 	 	 	2,393,229	 
	Wilson Financial Group (USD): Secured
	 	Various	 	Various Subs	 	None	 	None	 	 	 	 	 	None	 	 	301,127	 	 	 	0	 	 	 	301,127	 	 	 	0	 	 	 	0	 	 	 	301,127	 
	 	 	 
	Total Other Debt
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	156,585,930	 	 	 	31,923,929	 	 	 	124,662,002	 	 	 	0	 	 	 	0	 	 	 	156,585,930	 
	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Unamortized Discounts & Hedge Costs

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	(5,253,295	)	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Total Net Debt
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	$	1,853,057,832	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Covenants Not To Compete:
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	$	30,765,351	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 

 

 

Schedule 6.03(b)

Existing Liens

USD (000 omitted)

	 	 	 	 	 

	Total Purchase Money and Acquisition Debt
	 	$	1,575	 

 

 

 

Schedule 6.06(b)

Existing Investments

	 	 	 	 	 
	 	 	(000, omitted)	 
	Equity Investments
	 	 	 	 
	Boston Financial Group
	 	$	1,093	 
	Kenyon International Emergency Services
	 	 	264	 
	Wilson Financial Group
	 	 	21,166	 
	ECI Capital Corporation
	 	 	—	 
	SCI Cerberus LLC, net of guaranteed investments
	 	 	—	 
	Alderwoods Group LLC, net of guaranteed investments
	 	 	15,000	 
	SCI International LLC, net of guaranteed
investments
	 	 	241,707	 
	 
	 	 	 
	 
	 	$	279,230	 
	 
	 	 	 
	 
	 	 	 	 
	Notes Receivable
	 	 	 	 
	Wilson Financial Group
	 	$	16,855	 
	SCI Germany GMBH
	 	 	243	 
	Other Notes Receivable
	 	 	13,176	 
	 
	 	 	 
	 
	 	$	30,274	 
	 
	 	 	 
	 
	 	 	 	 
	Guarantees
	 	 	 	 
	Vantage Vaults Guarantee
	 	$	22,522	 
	Storage Tank Guarantees
	 	 	3,000	 
	Divested Location Guarantees
	 	 	8,208	 
	 
	 	 	 
	 
	 	$	33,730	 
	 
	 	 	 

 

Schedule 6.11

Restrictive Agreements

Senior Indenture, dated as of February 1, 1993, between Service Corporation International and The
Bank of New York, as trustee, as amended and supplemented.

Documents and agreements pertaining to Wilson Financial Group, Inc. and its subsidiaries.

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00186-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00186-of-00352.parquet"}]]