Document:

exv4w3

Exhibit 4.3

EXECUTION VERSION

 

FOURTH AMENDED AND RESTATED CREDIT AGREEMENT

dated as of

April 7, 2011

among

PARK-OHIO INDUSTRIES, INC.,

RB&W CORPORATION OF CANADA

The Ex-Im Borrowers Party Hereto,

The Other Loan Parties Party Hereto,

The Lenders Party Hereto

and

JPMORGAN CHASE BANK, N.A.,

as Administrative Agent,

JPMORGAN CHASE BANK, N.A., TORONTO BRANCH,

as Canadian Agent,

RBS BUSINESS CAPITAL,

as Syndication Agent,

KEYBANK NATIONAL ASSOCIATION,

as Co-Documentation Agent,

BANK OF AMERICA, N.A.,

as Co-Documentation Agent,

U.S. BANK NATIONAL ASSOCIATION,

as Co-Documentation Agent and Joint Bookrunner,

PNC BANK, NATIONAL ASSOCIATION,

as Joint Bookrunner,

and

J.P. MORGAN SECURITIES INC.,

as Sole Lead Arranger and Bookrunning Manager

 

CHASE BUSINESS CREDIT

 

 

TABLE OF CONTENTS

	 	 	 	 	 
	 	 	Page	 
	ARTICLE I DEFINITIONS
	 	 	1	 
	 
	 	 	 	 
	Section 1.01 Defined Terms
	 	 	1	 
	Section 1.02  Classification of Loans and Borrowings
	 	 	37	 
	Section 1.03  Terms Generally
	 	 	37	 
	Section 1.04  Accounting Terms; GAAP
	 	 	37	 
	 
	 	 	 	 
	ARTICLE II THE CREDITS
	 	 	37	 
	 
	 	 	 	 
	Section 2.01 Commitments
	 	 	37	 
	Section 2.02 Loans and Borrowings
	 	 	39	 
	Section 2.03 Requests for Borrowings
	 	 	40	 
	Section 2.04  Protective Advances
	 	 	41	 
	Section 2.05  Swingline Loans and Overadvances; Settlement of Ex-Im Revolving Loans
	 	 	42	 
	Section 2.06 Letters of Credit
	 	 	44	 
	Section 2.07  Funding of Borrowings
	 	 	48	 
	Section 2.08 Interest Elections
	 	 	49	 
	Section 2.09 Termination of Commitments; Increase in Revolving Commitments
	 	 	50	 
	Section 2.10 Repayment and Amortization of Loans; Evidence of Debt
	 	 	51	 
	Section 2.11 Prepayment of Loans
	 	 	53	 
	Section 2.12 Fees
	 	 	55	 
	Section 2.13  Interest
	 	 	56	 
	Section 2.14 Alternate Rate of Interest
	 	 	57	 
	Section 2.15 Increased Costs
	 	 	58	 
	Section 2.16 Break Funding Payments
	 	 	59	 
	Section 2.17 Taxes
	 	 	60	 
	Section 2.18 Payments Generally; Allocation of Proceeds; Sharing of Set-offs
	 	 	61	 
	Section 2.19 Mitigation Obligations; Replacement of Lenders
	 	 	64	 
	Section 2.20 Defaulting Lenders
	 	 	64	 
	Section 2.21 Returned Payments
	 	 	66	 
	Section 2.22 Designated Senior Debt
	 	 	66	 
	Section 2.23 Exchange Rate Fluctuations
	 	 	66	 
	Section 2.24 Inter Lender Assignments
	 	 	66	 
	 
	 	 	 	 
	ARTICLE III REPRESENTATIONS AND WARRANTIES
	 	 	67	 
	 
	 	 	 	 
	Section 3.01 Organization; Powers
	 	 	67	 
	Section 3.02 Authorization; Enforceability
	 	 	67	 
	Section 3.03 Governmental Approvals; No Conflicts
	 	 	67	 
	Section 3.04 Financial Condition; No Material Adverse Change
	 	 	67	 
	Section 3.05 Properties
	 	 	68	 
	Section 3.06 Litigation and Environmental Matters
	 	 	68	 
	Section 3.07 Compliance with Laws and Agreements
	 	 	68	 
	Section 3.08 Investment Company Status
	 	 	68	 
	Section 3.09 Taxes
	 	 	69	 
	Section 3.10 ERISA
	 	 	69	 
	Section 3.11 Disclosure
	 	 	69	 
	Section 3.12 Material Agreements
	 	 	69	 
	Section 3.13 Solvency
	 	 	70	 
	Section 3.14 Insurance
	 	 	70	 
	Section 3.15 Capitalization and Subsidiaries
	 	 	70	 
	Section 3.16 Security Interest in Collateral
	 	 	70	 
	Section 3.17 Employment Matters
	 	 	71	 
	Section 3.18 Affiliate Transactions
	 	 	71	 
	Section 3.19 Names; Prior Transactions
	 	 	71	 

-i- 

 

	 	 	 	 	 
	 	 	Page	 
	Section 3.20 Regulation U
	 	 	71	 
	Section 3.21 Indebtedness
	 	 	72	 
	Section 3.22 Subordinated Indebtedness
	 	 	72	 
	Section 3.23 Existing Indenture
	 	 	72	 
	Section 3.24 New Indenture
	 	 	72	 
	Section 3.25 Common Enterprise
	 	 	72	 
	Section 3.26 Fast Track Loan Agreement
	 	 	73	 
	Section 3.27 Tender Offer
	 	 	73	 
	 
	 	 	 	 
	ARTICLE IV CONDITIONS
	 	 	73	 
	 
	 	 	 	 
	Section 4.01 Effective Date
	 	 	73	 
	Section 4.02 Each Credit Extension
	 	 	75	 
	Section 4.03 Each Canadian Credit Extension
	 	 	75	 
	Section 4.04 Initial Ex-Im Credit Extension
	 	 	76	 
	Section 4.05 Each Ex-Im Credit Extension
	 	 	77	 
	 
	 	 	 	 
	ARTICLE V AFFIRMATIVE COVENANTS
	 	 	77	 
	 
	 	 	 	 
	Section 5.01 Financial Statements; Borrowing Base and Other Information
	 	 	77	 
	Section 5.02 Notices of Material Events
	 	 	81	 
	Section 5.03 Existence; Conduct of Business
	 	 	82	 
	Section 5.04 Payment of Obligations
	 	 	83	 
	Section 5.05 Maintenance of Properties
	 	 	83	 
	Section 5.06 Books and Records; Inspection Rights
	 	 	83	 
	Section 5.07 Compliance with Laws
	 	 	84	 
	Section 5.08 Use of Proceeds
	 	 	84	 
	Section 5.09 Insurance
	 	 	84	 
	Section 5.10 Casualty and Condemnation
	 	 	85	 
	Section 5.11 Appraisals
	 	 	85	 
	Section 5.12 Depository Banks
	 	 	85	 
	Section 5.13 Additional Collateral; Further Assurances
	 	 	85	 
	Section 5.14 [Reserved]
	 	 	86	 
	Section 5.15 Communications with Accountants
	 	 	86	 
	Section 5.16 Collateral Access Agreements, Use of and Access to Excluded Assets
	 	 	86	 
	Section 5.17 Subordination of Intercompany Notes
	 	 	87	 
	 
	 	 	 	 
	ARTICLE VI NEGATIVE COVENANTS
	 	 	88	 
	 
	 	 	 	 
	Section 6.01 Indebtedness
	 	 	88	 
	Section 6.02 Liens
	 	 	90	 
	Section 6.03 Fundamental Changes
	 	 	91	 
	Section 6.04 Investments, Loans, Advances, Guarantees and Acquisitions
	 	 	91	 
	Section 6.05 Asset Sales
	 	 	93	 
	Section 6.06 Sale and Leaseback Transactions; Off Balance Sheet Financing
	 	 	93	 
	Section 6.07 Swap Agreements
	 	 	93	 
	Section 6.08 Restricted Payments; Certain Payments of Indebtedness
	 	 	93	 
	Section 6.09 Transactions with Affiliates
	 	 	95	 
	Section 6.10 Restrictive Agreements
	 	 	95	 
	Section 6.11 Amendment of Material Documents
	 	 	95	 
	Section 6.12 Foreign Subsidiaries
	 	 	95	 
	Section 6.13 Debt Service Coverage Ratio
	 	 	96	 
	Section 6.14 Letters of Credit
	 	 	96	 
	Section 6.15 Sale of Accounts
	 	 	96	 
	Section 6.16 Change of Fiscal Year
	 	 	96	 

-ii- 

 

	 	 	 	 	 
	 	 	Page	 
	ARTICLE VII EVENTS OF DEFAULT
	 	 	96	 
	 
	 	 	 	 
	ARTICLE VIII THE ADMINISTRATIVE AGENT
	 	 	100	 
	 
	 	 	 	 
	ARTICLE IX MISCELLANEOUS
	 	 	103	 
	 
	 	 	 	 
	Section 9.01 Notices
	 	 	103	 
	Section 9.02 Waivers; Amendments
	 	 	104	 
	Section 9.03 Expenses; Indemnity; Damage Waiver
	 	 	106	 
	Section 9.04 Successors and Assigns
	 	 	108	 
	Section 9.05 Survival
	 	 	110	 
	Section 9.06 Counterparts; Integration; Effectiveness
	 	 	111	 
	Section 9.07 Severability
	 	 	111	 
	Section 9.08 Right of Setoff
	 	 	111	 
	Section 9.09 Governing Law; Jurisdiction; Consent to Service of Process
	 	 	111	 
	Section 9.10 WAIVER OF JURY TRIAL
	 	 	112	 
	Section 9.11 CONFESSION OF JUDGMENT
	 	 	112	 
	Section 9.12 Headings
	 	 	113	 
	Section 9.13 Confidentiality
	 	 	113	 
	Section 9.14 Several Obligations; Nonreliance; Violation of Law
	 	 	114	 
	Section 9.15 USA PATRIOT Act
	 	 	114	 
	Section 9.16 Disclosure
	 	 	114	 
	Section 9.17 Appointment for Perfection
	 	 	114	 
	Section 9.18 Interest Rate Limitation
	 	 	114	 
	Section 9.19 Judgment Currency
	 	 	115	 
	Section 9.20 Currency Equivalent Generally
	 	 	115	 
	Section 9.21 No Cross Collateralization
	 	 	115	 
	Section 9.22 Amendment and Restatement
	 	 	115	 
	 
	 	 	 	 
	ARTICLE X LOAN GUARANTY
	 	 	117	 
	 
	 	 	 	 
	Section 10.01 Guaranty
	 	 	117	 
	Section 10.02 Guaranty of Payment
	 	 	117	 
	Section 10.03 No Discharge or Diminishment of Loan Guaranty
	 	 	118	 
	Section 10.04 Defenses Waived
	 	 	118	 
	Section 10.05 Rights of Subrogation
	 	 	119	 
	Section 10.06 Reinstatement; Stay of Acceleration
	 	 	119	 
	Section 10.07 Information
	 	 	119	 
	Section 10.08 Termination
	 	 	119	 
	Section 10.09 Taxes
	 	 	119	 
	Section 10.10 Maximum Liability
	 	 	120	 
	Section 10.11 Contribution
	 	 	120	 
	Section 10.12 Liability Cumulative
	 	 	121	 
	 
	 	 	 	 
	ARTICLE XI THE BORROWER REPRESENTATIVE
	 	 	121	 
	 
	 	 	 	 
	Section 11.01 Appointment; Nature of Relationship
	 	 	121	 
	Section 11.02 Powers
	 	 	121	 
	Section 11.03 Employment of Agents
	 	 	121	 
	Section 11.04 Notices
	 	 	121	 
	Section 11.05 Successor Borrower Representative
	 	 	122	 
	Section 11.06 Execution of Loan Documents; Borrowing Base Certificate
	 	 	122	 
	Section 11.07 Reporting
	 	 	122	 
	 
	 	 	 	 
	ARTICLE XII CASH MANAGEMENT
	 	 	122	 
	 
	 	 	 	 
	Section 12.01 Lockbox and Cash Management Account
	 	 	122	 
	Section 12.02  Application of Funds
	 	 	123	 

-iii- 

 

SCHEDULES:

	 	 	 	 	 
	Commitment Schedule
	 	 	 	 
	Schedule 2.1.2

	 	—
	 	Existing Facility LCs
	Schedule 3.05

	 	—
	 	Properties
	Schedule 3.06

	 	—
	 	Disclosed Matters
	Schedule 3.12

	 	—
	 	Material Agreements
	Schedule 3.14

	 	—
	 	Insurance
	Schedule 3.15

	 	—
	 	Capitalization and Subsidiaries
	Schedule 3.18

	 	—
	 	Affiliate Transactions
	Schedule 3.19

	 	—
	 	Names; Prior Transactions
	Schedule 6.01

	 	—
	 	Existing Indebtedness
	Schedule 6.02

	 	—
	 	Existing Liens
	Schedule 6.04

	 	—
	 	Existing Investments
	Schedule 6.10

	 	—
	 	Existing Restrictions

EXHIBITS:

	 	 	 	 	 
	Exhibit A

	 	—
	 	Form of Assignment and Assumption
	Exhibit B

	 	—
	 	Joinder Agreement
	Exhibit C-1

	 	—
	 	Form of Domestic Borrowing Base Certificate
	Exhibit C-2

	 	—
	 	Form of Canadian Borrowing Base Certificate
	Exhibit C-3

	 	—
	 	Form of Aggregate Borrowing Base Certificate
	Exhibit D

	 	—
	 	Form of Compliance Certificate
	Exhibit E-1

	 	—
	 	Form of Ex-Im Bank Borrower Agreement
	Exhibit E-2

	 	—
	 	Form of Ex-Im Borrower Agreement Supplement

-iv- 

 

          FOURTH AMENDED AND RESTATED CREDIT AGREEMENT dated as of April 7, 2011, among PARK-OHIO
INDUSTRIES, INC. and RB&W CORPORATION OF CANADA, as Borrowers, the EX-IM BORROWERS party hereto,
the other Loan Parties party hereto, the Lenders party hereto, JPMORGAN CHASE BANK, N.A., as
Administrative Agent, JPMORGAN CHASE BANK, N.A., Toronto Branch, as Canadian Agent, and J.P. MORGAN
SECURITIES INC., as Sole Lead Arranger and Bookrunning Manager.

          Park Ohio Industries, Inc., certain of the Loan Parties, certain of the Lenders and the
Administrative Agent are parties to the Original Credit Agreement; such Persons have agreed to
amend and restate the Original Credit Agreement in its entirety as set forth herein.

          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:

          “Account” has the meaning assigned to such term in the Domestic Security Agreement.

          “Account Debtor” means any Person obligated on an Account.

          “ACS Subordinated Indebtedness” means the unsecured Indebtedness owing by Supply
Technologies LLC to the applicable sellers in connection with the purchase of substantially all of
the assets of Assembly Component Systems, Inc. in the original principal amount of $3,000,000.

          “Adjusted LIBO Rate” means, with respect to any Eurodollar Borrowing for any Interest
Period or for any CBFR Borrowing or USBR Borrowing, an interest rate per annum (rounded upwards, if
necessary, to the next 1/16 of 1%) equal to (a) the LIBO Rate for such Interest Period
multiplied by (b) the Statutory Reserve Rate.

          “Adjusted One Month LIBOR Rate” means, an interest rate per annum equal to the sum of
(i) 2.5% 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); provided that,
for the avoidance of doubt, the Adjusted LIBO Rate for any day shall be based on the rate appearing
on the Reuters Screen LIBOR01 Page (or on any successor or substitute page) at approximately 11:00
a.m. London time on such day (without any rounding).

          “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.

          “Agent” means either the Administrative Agent or the Canadian Agent, as the context
may require; and “Agents” means both the Administrative Agent and the Canadian Agent.

-1-

 

          “Agreement” means this Fourth Amended and Restated Credit Agreement, as it may be
amended or modified from time to time.

          “Aggregate Availability” means, with respect to all Borrowers, at any time, an amount
equal to (a) the lesser of (i) the aggregate Revolving Commitment and (ii) the Aggregate Borrowing
Base minus (b) the sum of (i) the aggregate Domestic Revolving Exposure of all Revolving
Lenders, (ii) the aggregate Canadian Revolving Exposure of all Lenders and (iii) at all times after
the Ex-Im Effective Date, the sum of the aggregate Ex-Im Revolving Exposure of all Lenders.

          “Aggregate Borrowing Base” means, at any time, the aggregate of the Domestic Borrowing
Base, the Canadian Borrowing Base and at all times after the Ex-Im Effective Date, the
Export-Related Borrowing Base.

          “Aggregate Borrowing Base Certificate” means a certificate, signed and certified as
accurate and complete by a Financial Officer of the Borrower Representative, in substantially the
form of Exhibit C-3 or another form which is acceptable to the Administrative Agent in its
Permitted Discretion.

          “Aggregate Credit Exposure” means, at any time, the aggregate Credit Exposure of all
the Lenders.

          “Aggregate LC Exposure” means, at any time, the aggregate of the Domestic LC Exposure,
the Ex-Im LC Exposure and the Canadian LC Exposure.

          “Applicable Fee Rate” means, for any day, with respect to any commitment fees payable
hereunder, the applicable rate per annum set forth below under the caption “Commitment Fee Rate”,
based upon average daily Aggregate Credit Exposure for the prior fiscal quarter, as determined by
the Administrative Agent; provided, that until five Business Days after the fiscal quarter
ending June 30, 2011, the “Applicable Fee Rate” shall be the applicable rate per annum set forth
below in Category 2:

	 	 	 	 	 
	Aggregate Credit Exposure	 	Commitment Fee Rate	 
	Category 1      <$70,000,000
	 	 	0.50	%
	 
	 	 	 	 
	Category 2      3$70,000,000 but
£$140,000,000
	 	 	0.38	%
	 
	 	 	 	 
	Category 3      >$140,000,000
	 	 	0.25	%

For purposes of the foregoing, the Applicable Fee Rate shall be determined and made effective five
Business Days after the receipt by the Administrative Agent of the Company’s annual or quarterly
consolidated financial statements delivered pursuant to Section 5.01 and (b) each change in the
Applicable Fee Rate resulting from a change in the average daily Aggregate Credit Exposure shall be
effective during the period commencing on and including the date of delivery to the Administrative
Agent of such consolidated financial statements and ending on the date immediately preceding the
effective date of the next such change, provided that Aggregate Credit Exposure shall be
deemed to be in Category 1 at the written election of the Administrative Agent if the Company fails
to deliver the annual or quarterly consolidated financial statements required to be delivered by it
pursuant to Section 5.01, during the period from the expiration of the time for delivery thereof
until such consolidated financial statements are delivered.

          “Applicable Percentage” means, (a) with respect to any Domestic Revolving Lender, with
respect to Domestic Revolving Loans, Domestic LC Exposure, Domestic Swingline Loans, Domestic
Protective Advances, or Domestic Overadvances, a percentage equal to a fraction the numerator of
which is such Domestic Revolving Lender’s Domestic Revolving Commitment and the denominator of
which is

-2-

 

the aggregate Domestic Revolving Commitments of all Domestic Revolving Lenders (if the
Domestic Revolving Commitments have terminated or expired, the Applicable Percentages shall be
determined based upon such Domestic Revolving Lender’s share of the aggregate Domestic Revolving
Exposures at that time); provided that for purposes of determining a Lender’s Applicable
Percentage, as such term is used in Section 2.20 when a Defaulting Lender shall exist, any such
Defaulting Lender’s Domestic Revolving Commitment shall be disregarded in the calculation, (b) with
respect to any Canadian Revolving Lender, with respect to Canadian Revolving Loans, Canadian LC
Exposure, Canadian Swingline Loans, Canadian Protective Advances, or Canadian Overadvances, a
percentage equal to a fraction the numerator of which is such Canadian Revolving Lender’s Canadian
Revolving Subcommitment and the denominator of which is the aggregate Canadian Revolving
Subcommitment of all Canadian Revolving Lenders (if the Canadian Revolving Subcommitment have
terminated or expired, the Applicable Percentages shall be determined based upon such Canadian
Revolving Lender’s share of the aggregate Canadian Revolving Exposures at that time); provided that
for purposes of determining a Lender’s Applicable Percentage, as such term is used in Section 2.20
when a Defaulting Lender shall exist, any such Defaulting Lender’s Canadian Revolving Subcommitment
shall be disregarded in the calculation, (c) with respect to the Ex-Im Revolving Lender, with
respect to Ex-Im Revolving Loans or Ex-Im LC Exposure, a percentage equal to one hundred percent
(100%); and with respect to any Ex-Im Participant, with respect to Ex-Im Revolving Loans or Ex-Im
LC Exposure, a percentage equal to a fraction, the numerator of which such Ex-Im Participant’s
Ex-Im Revolving Subcommitment and the denominator of which is the aggregate Ex-Im Revolving
Subcommitment of all Ex-Im Participants (if the Ex-Im Revolving Subcommitment have terminated or
expired, the Applicable Percentages shall be determined based upon such Ex-Im Participant’s share
of the aggregate Ex-Im Revolving Exposures at such time); provided that for purposes of determining
a Lender’s Applicable Percentage, as such term is used in Section 2.20 when a Defaulting Lender
shall exist, any such Defaulting Lender’s Ex-Im Revolving Subcommitment shall be disregarded in the
calculation, and (d) with respect to any Lender, with respect to the Aggregate Credit Exposure, a
percentage based upon such Lender’s share of the Aggregate Credit Exposure and the unused
Commitments; provided that for purposes of determining a Lender’s Applicable Percentage, as such
term is used in Section 2.20 when a Defaulting Lender shall exist, any such Defaulting Lender’s
Commitments shall be disregarded in the calculation.

          “Applicable Rate” means, for any day, with respect to any CBFR Loan, CP Loan, USBR
Loan, CDOR Rate Loan or Eurodollar Loan, as the case may be, the applicable rate per annum set
forth below under the caption “CBFR Spread”, “CP Spread”, “USBR Spread”, “CDOR Spread” or
“Eurodollar Spread”, as the case may be, based upon the Debt Service Coverage Ratio as of the most
recent determination date, provided that until five Business Days after the receipt by the
Administrative Agent, pursuant to Section 5.01, of the Company’s consolidated financial information
for the Company’s fiscal quarter ending September 30, 2011, the “Applicable Rate” shall be the
applicable rate per annum set forth below in Category 3:

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	Domestic and	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	Canadian Revolving	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	Ex-Im Revolving	 	 
	Debt Service	 	Loan Eurodollar	 	Canadian Revolving	 	Canadian Revolving	 	Domestic Revolving	 	Canadian Revolving	 	Loan Eurodollar	 	Ex-Im Revolving
	Coverage Ratio	 	Spread	 	Loan CDOR Spread	 	Loan USBR Spread	 	Loan CBFR Spread	 	Loan CP Spread	 	Spread	 	Loan CBFR Spread
	Category 1
	 	 	1.75	%	 	 	1.75	%	 	 	0.25	%	 	 	-1.00	%	 	 	0.25	%	 	 	0.25	%	 	 	0.00	%
	3 1.75 to 1.0
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Category 2
	 	 	2.00	%	 	 	2.00	%	 	 	0.50	%	 	 	-0.75	%	 	 	0.50	%	 	 	0.50	%	 	 	0.00	%
	< 1.75 to 1.0
but 3 1.50 to
1.0
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Category 3
	 	 	2.25	%	 	 	2.25	%	 	 	0.75	%	 	 	-0.50	%	 	 	0.75	%	 	 	0.75	%	 	 	0.00	%
	< 1.50 to 1.0
but 3 1.25 to
1.0
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Category 4
	 	 	2.50	%	 	 	2.50	%	 	 	1.00	%	 	 	-0.25	%	 	 	1.00	%	 	 	1.00	%	 	 	0.00	%
	< 1.25 to 1.0
but 3 1.10 to
1.0
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	Category 5
	 	 	2.75	%	 	 	2.75	%	 	 	1.25	%	 	 	0.00	%	 	 	1.25	%	 	 	1.25	%	 	 	0.00	%
	< 1.10 to 1.0
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 

-3-

 

          For purposes of the foregoing, (a) the Applicable Rate shall be determined and made
effective five Business Days after the receipt by the Administrative Agent of the Company’s annual
or quarterly consolidated financial statements delivered pursuant to Section 5.01 and (b) each
change in the Applicable Rate resulting from a change in the Debt Service Coverage 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 Debt
Service Coverage Ratio shall be deemed to be in Category 5 at the written election of the
Administrative Agent if the Company fails to deliver the annual or quarterly consolidated financial
statements required to be delivered by it pursuant to Section 5.01, during the period from the
expiration of the time for delivery thereof until such consolidated financial statements are
delivered.

          “Approved Fund” has the meaning assigned to such term in Section 9.04.

          “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 A 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.

          “Available Revolving Commitment” means, at any time, the total Domestic Revolving
Commitment then in effect minus the sum of (a) the Domestic Revolving Exposure of all
Domestic Revolving Lenders at such time, (b) the Ex-Im Revolving Exposure of the Ex-Im Revolving
Lender at such time relating to Ex-Im Revolving Loans, (c) 25% of the Ex-Im LC Exposure of the
Ex-Im Revolving Lender at such time and (d) the Canadian Revolving Exposure of all Canadian
Revolving Lenders at such time.

          “Banking Services” means each and any of the following bank services provided to any
Loan Party by either Agent or one or more Lenders or their respective Affiliates: (a) credit cards
for commercial customers (including, without limitation, “commercial credit cards” and purchasing
cards), (b) stored value cards, (c) treasury management services (including, without limitation,
controlled disbursement, automated clearinghouse transactions, return items, overdrafts and
interstate depository network services), and (d) leasing services.

          “Banking Services Obligations” of the Loan Parties means any and all obligations of
the Loan Parties, whether absolute or contingent and howsoever and whensoever created, arising,
evidenced or acquired (including all renewals, extensions and modifications thereof and
substitutions therefor) in connection with Banking Services.

          “Banking Services Reserves” means all Reserves which the Administrative Agent from
time to time establishes in its Permitted Discretion for Banking Services then provided or
outstanding.

          “Bankruptcy Code” means, as applicable, Title 11 of the U.S. Code (11 U.S.C. §101
et seq), and any rule or regulation issued thereunder, or the Bankruptcy and
Insolvency Act (Canada) and the Companies’ Creditors Arrangement Act (Canada) and any rules or
regulations issued thereunder.

-4-

 

          “Base Availability Amount” means an amount at any time equal to the sum of (a)
$20,000,000 plus (b) 10% of the aggregate increases of the Domestic Revolving Commitment
effected as of such time pursuant to Section 2.09(d).

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

          “Borrower” or “Borrowers” means, individually or collectively, the Company and
the Canadian Borrower, and with respect to the Ex-Im Revolving Loans and the Ex-Im Letters of
Credit, the Ex-Im Borrowers.

          “Borrower Representative” means the Company, in its capacity as contractual
representative of the Borrowers pursuant to Article XI.

          “Borrowing” means (a) Domestic 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, (b) Canadian Revolving Loans of the same type made, converted or continued on
the same date and, in the case of CDOR Rate Loans or Eurodollar Loans, as to which a single
Interest Period is in effect, (c) Ex-Im 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, (d) a Swingline Loan, (e) a Protective Advance, and (f) an Overadvance.

          “Borrowing Base Certificate” means a Domestic Borrowing Base Certificate, a Canadian
Borrowing Base Certificate or an Ex-Im Borrowing Base Certificate, as the context indicates.

          “Borrowing Request” means a request by the Borrower Representative for a Borrowing in
accordance with Section 2.02.

          “Business Day” means any day that is not a Saturday, Sunday or other day on which
commercial banks in Chicago and Toronto 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.

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

          “Canadian Availability” means, with respect to the Canadian Loan Parties, at any time,
an amount equal to (a) the lesser of (i) the total Canadian Revolving Subcommitment of all Canadian
Revolving Lenders and (ii) the Canadian Borrowing Base minus (b) the total Canadian
Revolving Exposure of all Canadian Revolving Lenders.

          “Canadian Borrower” means RB&W Corporation of Canada, an Ontario corporation.

          “Canadian Borrowing Base” means, at any time, with respect to the Canadian Borrower
and the other Canadian Loan Parties, the sum of (i) 85% of such Canadian Loan Parties’ Eligible
Accounts at such time, plus (b) the lesser of (i) (A) 85% multiplied by (B) the
Orderly Liquidation Percentage multiplied by (C) the value of such Canadian Loan Parties’
Eligible Inventory, valued at the lower of cost or market value, determined on a first-in,
first-out basis, at such time, or (ii) the Canadian Inventory Sublimit; provided, that aggregate
advances to the Canadian Borrower predicated against the
value of Eligible In-Transit Inventory at any time shall not exceed the Dollar Equivalent of
$5,000,000 minus the aggregate advances to the Company predicated on the value of Eligible
In-Transit Inventory at such time, minus (c) Reserves related to such Canadian Loan
Parties. The Administrative Agent may, in its Permitted Discretion, reduce the advance rates set
forth above, adjust Reserves or sublimits, or reduce

-5-

 

one or more of the other elements used in
computing the Canadian Borrowing Base. The Canadian Borrowing Base shall be calculated and
reported in Dollars.

          “Canadian Borrowing Base Certificate” means a certificate, signed and certified as
accurate and complete by a Financial Officer of the Borrower Representative in substantially the
form of Exhibit C-2 or another form which is acceptable to the Administrative Agent in its
Permitted Discretion, reflecting the Canadian Borrowing Base.

          “Canadian Collection Account” has the meaning assigned to the term “Cash Management
Account” in the Foreign Collateral Documents.

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

          “Canadian Dollar Loan” means any Loan denominated in Canadian Dollars.

          “Canadian Dollars” or “Cdn $” means lawful money of Canada.

          “Canadian Inventory Sublimit” means an amount equal to the Dollar Equivalent of
$9,000,000.

          “Canadian Issuing Bank” means JPMorgan Chase Bank, N.A., Toronto Branch, in its
capacity as the issuer of Canadian Letters of Credit hereunder and its successors in such capacity
as provided in Section 2.06(i). The Canadian Issuing Bank may, in its discretion, arrange for one
or more Canadian Letters of Credit to be issued by Affiliates of the Canadian Issuing Bank, in
which case the term “Canadian Issuing Bank” shall include any such Affiliate with respect to
Canadian Letters of Credit issued by such Affiliate.

          “Canadian LC Collateral Account” has the meaning assigned to such term in Section
2.06(j).

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

          “Canadian LC Exposure” means, at any time the sum of the Canadian Commercial LC
Exposure and the Canadian Standby LC Exposure. The Canadian LC Exposure of any Canadian Revolving
Lender at any time shall be its Applicable Percentage of the total Canadian LC Exposure at such
time.

          “Canadian Letter of Credit” means any letter of credit issued pursuant to this
Agreement upon the application of the Canadian Borrower (or the Borrower Representative, on behalf
of the Canadian Borrower).

          “Canadian Loan Guarantor” means each Canadian Loan Party, and any other Person that
has become or now or hereafter becomes a party to the Loan Guaranty pursuant to a joinder or by
executing a separate Loan Guaranty, in each case that guarantees the Canadian Obligations, together
with their successors and assigns.

-6-

 

          “Canadian Loan Parties” means the Canadian Borrower and each Canadian Subsidiary of
the Company; and “Canadian Loan Party” means any one of them.

          “Canadian Obligations” means all unpaid principal of and accrued and unpaid interest
on the Canadian Revolving Loans, all Canadian LC Exposure, all Canadian Swingline Loans, all
Canadian Protective Advances, all Canadian Overadvances, all Banking Services Obligations of the
Canadian Loan Parties, all Swap Obligations of the Canadian Loan Parties, and all expenses,
reimbursements, indemnities and other obligations of the Canadian Loan Parties to the Canadian
Lenders, the Agents, the Issuing Banks or any indemnified party arising under the Loan Documents.

          “Canadian Overadvance” has the meaning assigned to such term in Section 2.05(b).

          “Canadian Prime Rate” means the greater of (a) the annual rate of interest announced
from time to time by Chase Canada as being its reference rate then in effect for determining
interest rates on Canadian Dollar-denominated commercial loans made by it in Canada and (b) the
CDOR Rate for a one month term in effect from time to time plus 100 basis points per annum;
the Canadian Prime Rate may not be the lowest interest rate charged by Chase Canada for commercial
or other extensions of credit. Each change in the Canadian Prime Rate shall be effective
immediately from and after such change.

          “Canadian Protective Advance” has the meaning assigned to such term in Section 2.04.

          “Canadian Revolving Exposure” means, with respect to any Canadian Revolving Lender at
any time, the sum of the Dollar Equivalent of the outstanding principal amount of such Canadian
Revolving Lender’s Canadian Revolving Loan and its Canadian LC Exposure plus an
amount equal to its Applicable Percentage of the Dollar Equivalent of the aggregate principal
amount of Canadian Swingline Loans outstanding at such time plus an amount equal to its
Applicable Percentage of the Dollar Equivalent of the aggregate principal amount of Canadian
Overadvances outstanding at such time plus an amount equal to its Applicable Percentage of
the Dollar Equivalent of the aggregate principal amount of Canadian Protective Advances outstanding
at such time.

          “Canadian Revolving Lender” means each Lender with a Canadian Revolving Subcommitment
or, if the Canadian Revolving Subcommitment have terminated or expired, a Lender with Canadian
Revolving Exposure.

          “Canadian Revolving Loans” means the Loans extended by the Canadian Revolving Lenders
to the Canadian Borrower pursuant to Section 2.01(b).

          “Canadian Revolving Subcommitment” means, with respect to each Canadian Revolving
Lender, the commitment, if any, of such Canadian Revolving Lender to make Canadian Revolving Loans
and to acquire participations in Canadian Letters of Credit, Canadian Overadvances, Canadian
Protective Advances and Canadian Swingline Loans hereunder, expressed as an amount representing the
maximum possible aggregate amount of such Canadian Revolving Lender’s Canadian Revolving Exposure
hereunder, as such commitment may be reduced or increased from time to time pursuant to (a) Section
2.09 and (b) assignments by or to such Canadian Revolving Lender pursuant to Section 9.04. The
initial amount of each Canadian Revolving Lender’s Canadian Revolving Subcommitment is set forth on
the Commitment Schedule, or in the Assignment and Assumption pursuant to which such
Canadian Revolving Lender shall have assumed its Canadian Revolving Subcommitment, as applicable.
The aggregate amount of the Canadian Revolving Lenders’ Canadian Revolving Subcommitment is the
Dollar Equivalent of $15,000,000. The Canadian Revolving Subcommitments are subcommitments of the
Domestic Revolving Commitments and do not represent additional credit exposure.

          “Canadian Standby LC Exposure” means, at any time, the sum of (a) the Dollar
Equivalent of the aggregate undrawn amount of all outstanding standby Canadian Letters of Credit at

-7-

 

such time plus (b) the Dollar Equivalent of the aggregate amount of all Canadian LC
Disbursements relating to standby Canadian Letters of Credit that have not yet been reimbursed by
or on behalf of the Canadian Borrower at such time. The Canadian Standby LC Exposure of any
Canadian Revolving Lender at any time shall be its Applicable Percentage of the total Canadian
Standby LC Exposure at such time.

          “Canadian Subsidiary” means each direct or indirect Subsidiary of the Company (other
than the Canadian Borrower) that is organized under the laws of Canada or any province or territory
of Canada.

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

          “Canadian Swingline Loan” has the meaning assigned to such term in Section 2.05(a).

          “Capital Expenditures” means, without duplication, any expenditure for any purchase or
other acquisition of any asset which would be classified as a fixed or capital asset on a
consolidated balance sheet of the Company and its Subsidiaries (other than any Excluded
Subsidiaries) prepared in accordance with GAAP (excluding any such expenditures financed with the
proceeds of asset dispositions or from casualty or condemnation events or made in connection with
the trade-in or exchange of existing assets (to the extent of the value of the trade-in or assets
bring exchanged) or such expenditures made in connection with an acquisition or investment
permitted under Section 6.04).

          “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.

          “CB Floating Rate” means the Prime Rate; provided that the CB Floating Rate shall
never be less than the Adjusted One Month LIBOR Rate for a one month Interest Period on such day
(or if such day is not a Business Day, the immediately preceding Business Day). Any change in the
CB Floating Rate due to a change in the Prime Rate or the Adjusted One Month LIBOR Rate shall be
effective from and including the effective date of such change in the Prime Rate or the Adjusted
One Month LIBOR Rate, respectively.

          “CBFR”, when used in reference to any Dollar Loan or Dollar 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.

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

          “CDOR Rate” means, for the relevant Interest Period, the Canadian deposit offered rate
which, in turn, means on any day the sum of: (a) the annual rate of interest determined with
reference to the arithmetic average of the discount rate quotations of all institutions listed in
respect of the relevant Interest Period for Canadian Dollar-denominated bankers’ acceptances
displayed and identified as such on
the “Reuters Screen CDOR Page” as defined in the International Swap Dealer Association, Inc.
definitions, as modified and amended from time to time, as of 10:00 a.m. (Toronto time) on such
day, and if such day is not a Business Day, then on the immediately preceding Business Day (as
adjusted by Chase Canada after 10:00 a.m. (Toronto time) to reflect any error in the posted rate of
interest or in the posted average annual rate of interest); plus (b) 0.10% per annum;
provided that if such rates are not available on

-8-

 

the Reuters Screen CDOR Page on any particular
day, then the Canadian deposit offered rate component of such rate on that day shall be calculated
as the cost of funds quoted by Chase Canada to raise Canadian Dollars for the applicable Interest
Period as of 10:00 a.m. (Toronto time) on such day for commercial loans or other extensions of
credit to businesses of comparable credit risk; or if such day is not a Business Day, then as
quoted by Chase Canada on the immediately preceding Business Day.

          “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), other than the Permitted Holders, of Equity Interests representing more than 20%
of the aggregate ordinary voting power represented by the issued and outstanding Equity Interests
of Holdings; (b) the Permitted Holders shall collectively cease to own, free and clear of all Liens
or other encumbrances, at least 15% of the outstanding voting Equity Interests of Holdings on a
fully diluted basis, provided, however, that if they own less than 15%, if either Edward F.
Crawford or Mathew V. Crawford holds the office of chairman, chief executive officer, or president
of the Company or Holdings, a Change of Control shall not be deemed to have occurred; (c) Holdings
shall cease to own 100% of the Equity Interests of the Company; (d) except as otherwise permitted
hereunder, the Company shall cease to own 100% of the Equity Interests of any of its direct or
indirect wholly-owned Subsidiaries that are Loan Parties; or (e) the occurrence of a Change of
Control, as defined in the Existing Indenture or the New Indenture.

          “Change in Law” means (a) the adoption of any law, rule or regulation after the date
of this Agreement, (b) any change in any law, rule or regulation or in the interpretation or
application thereof by any Governmental Authority after the date of this Agreement or (c)
compliance by any Lender or any Issuing Bank (or, for purposes of Section 2.15(b), by any lending
office of such Lender or by such Lender’s or such Issuing Bank’s holding company, if any) with any
request, guideline or directive (whether or not having the force of law) of any Governmental
Authority made or issued after the date of this Agreement.

          “Chase” means JPMorgan Chase Bank, N.A., a national banking association, in its
individual capacity, and its successors.

          “Chase Canada” means JPMorgan Chase Bank, N.A., Toronto Branch in its individual
capacity, and its successors.

          “Cicero Real Estate Acquisition” means the acquisition on or prior to the Effective
Date by the Company from Chambersberg Acquisition Corp. of certain real property located in Cicero,
Illinois for cash consideration in the amount previously agreed upon by the Lenders.

          “Class”, when used in reference to any Loan or Borrowing, refers to whether such Loan,
or the Loans comprising such Borrowing, are Domestic Revolving Loans, Canadian Revolving Loans,
Ex-Im Revolving Loans, Swingline Loans, Protective Advances or Overadvances.

          “Code” means, as applicable, the Internal Revenue Code of 1986, or the Income Tax Act
(Canada), each as amended from time to time.

          “Collateral” means any and all property owned, leased or operated by a Person covered
by the Collateral Documents and any and all other property of any Loan Party, now existing or
hereafter acquired, that may at any time be or become subject to a security interest or Lien in
favor of the
Administrative Agent, on behalf of itself and the Lenders, to secure the Secured Obligations,
a security interest or Lien in favor of the Canadian Agent, on behalf of itself and the Canadian
Lenders, to secure the Canadian Obligations or a security interest or Lien in favor of the Ex-Im
Revolving Lender to secure the Ex-Im Obligations.

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          “Collateral Access Agreement” has the meaning assigned to such term in the Domestic
Security Agreement.

          “Collateral Documents” means, collectively, the Security Agreements, the Pledge
Agreements, the Foreign Collateral Documents and any other documents granting a Lien upon the
Collateral as security for payment of the Secured Obligations, the Ex-Im Obligations or the
Canadian Obligations, as applicable.

          “Collection Account” means any Domestic Collection Account or Canadian Collection
Account, as the context indicates.

          “Commitment” means, with respect to each Lender, without duplication, the sum of such
Lender’s Domestic Revolving Commitment, Canadian Revolving Subcommitment and Ex-Im Revolving
Subcommitment, together with the commitment of such Lender to acquire participations in Protective
Advances and Ex-Im Revolving Exposure hereunder. The initial amount of each Lender’s Commitment is
set forth on the Commitment Schedule, or in the Assignment and Assumption pursuant to which
such Lender shall have assumed its Commitment, as applicable.

          “Commitment Schedule” means the Schedule attached hereto identified as such.

          “Company” means Park-Ohio Industries, Inc., an Ohio corporation.

          “Consolidated Debt Charges” means, with reference to any period, without duplication,
Consolidated Interest Expense to the extent paid in cash in such period (but excluding any non-cash
capitalized interest, costs, premiums and other similar amounts, and amortized debt service costs),
plus scheduled principal payments on Indebtedness made during such period (other than
scheduled payments in respect of the ACS Subordinated Indebtedness), plus prepayments on
the Subordinated Indebtedness under the Existing Senior Subordinated Notes (other than pursuant to
the Tender Offer) or prepayments on the New Senior Notes, in each case made by the Company or any
Subsidiary (other than an Excluded Subsidiary) during such period, all calculated for the Company
and its Subsidiaries (other than any Excluded Subsidiaries) on a consolidated basis.

          “Consolidated EBITDA” means Consolidated Net Income, plus (a) to the extent
deducted from revenues in determining Consolidated Net Income, (i) Consolidated Interest Expense,
(ii) Consolidated Tax Expense, (iii) depreciation, (iv) amortization, (v) other non-cash expenses
(but excluding bad debt write-offs) and (vi) transaction expenses up to an aggregate amount of
$7,000,000 incurred in connection with the preparation, execution and delivery of this Agreement,
the Tender Offer and the New Indenture and New Senior Notes, minus, (b) to the extent added
to revenues in determining Consolidated Net Income, (i) gains on purchases of Subordinated Debt
under the Existing Senior Subordinated Notes after the Original Closing Date (other than pursuant
to the Tender Offer), and (ii) gains on purchases of Indebtedness under the New Senior Notes after
the Effective Date, all calculated for the Company and its Subsidiaries (other than any Excluded
Subsidiaries) on a consolidated basis.

          “Consolidated Interest Expense” means, with reference to any period, the interest
expense of the Company and its Subsidiaries (other than any Excluded Subsidiaries) calculated on a
consolidated basis for such period.

          “Consolidated Net Income” means, with reference to any period, the net income or loss
of the Company and its Subsidiaries (other than any Excluded Subsidiaries) calculated on a
consolidated basis for such period.

-10-

 

          “Consolidated Tax Expense” means, with reference to any period, the tax expense of the
Company and its Subsidiaries (other than any Excluded Subsidiaries) calculated on a consolidated
basis for such period.

          “Contention Account” means any Account that is owing by an Account Debtor to ILS and
that is classified by ILS, on its books and records, as a “contention account”.

          “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.

          “Controlled Disbursement Account” means any accounts of each of Company and the
Canadian Borrower maintained with an Agent as a zero balance, cash management account pursuant to
and under any agreement between such Borrower and each Agent, as modified and amended from time to
time, and through which all disbursements of such Borrower and any Loan Party are made and settled
on a daily basis with no uninvested balance remaining overnight.

          “CP”, when used in reference to any Canadian Dollar Loan or Canadian Dollar Borrowing,
refers to whether such Loan, or the Loans comprising such Borrowing, are bearing interest by
reference to the Canadian Prime Rate.

          “Credit Exposure” means, as to any Lender at any time, the sum of (a) such Lender’s
Domestic Revolving Exposure at such time, plus (b) the Dollar Equivalent of such Lender’s
Canadian Revolving Exposure at such time, plus (c) an amount equal to its Applicable
Percentage, if any, of the Ex-Im Revolving Exposure at such time.

          “Credit Extension” means the making of a Loan or the issuance of a Letter of Credit
hereunder.

          “Debt Service Coverage Ratio” means, the ratio, determined as of the end of each
fiscal quarter of the Company for the then most-recently ended four fiscal quarters, of (a)
Consolidated EBITDA minus cash taxes paid, minus unfunded Capital Expenditures,
minus cash dividends and additional cash distributions of capital; provided, that cash
dividends and cash distributions made to Holdings as permitted by Section 6.08(a)(iii)(A) shall
only be included to the extent that such dividends and distributions exceed $750,000 in any fiscal
year, plus cash tax refunds received in the United States to (b) Consolidated Debt Charges,
all calculated for the Company and its Subsidiaries (other than any Excluded Subsidiaries) on a
consolidated basis for such period.

          “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 in its
Permitted Discretion, that has (a) failed to fund any portion of its Loans or participations in
Letters of Credit, Swingline Loans or Ex-Im Revolving Loans within three Business Days of the date
required to be funded by it hereunder, (b) notified any Borrower, either Agent, either Issuing
Bank, any 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, Swingline Loans and Ex-Im Revolving
Loans, (d) otherwise failed to pay over to either 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

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dispute, or (e) (i) become or is insolvent or has a parent company that has
become or is insolvent or (ii) become the subject of a bankruptcy or insolvency proceeding, or has
had a receiver, conservator, trustee, custodian, liquidator or monitor 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, custodian,
liquidator or monitor 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 on Schedule 3.06.

          “Document” has the meaning assigned to such term in the Domestic Security Agreement.

          “Dollar Equivalent” means (a) with respect to any Canadian Revolving Loan, Canadian
Letter of Credit, Canadian Protective Advance or Canadian Swingline Loan, the amount denominated in
Canadian Dollars, as of any date of determination, that could be purchased with the amount of
Dollars at the most favorable spot exchange rate quoted by the Administrative Agent at
approximately 11:00 a.m. (Chicago time) on such date and (b) with respect to any other amount, if
such amount is determined in Dollars, then such amount in Dollars and, if such amount is not
determined in Dollars, the Dollar equivalent of such amount, determined by the Administrative Agent
on the basis of its spot rate at 11:00 a.m. (Chicago time) on the date for which the Dollar
equivalent amount is being determined.

          “Dollar Loan” means any loan denominated in Dollars.

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

          “Domestic Availability” means, with respect to the Domestic Loan Parties, at any time,
an amount equal to (a) the lesser of (i) the total Domestic Revolving Commitment minus the
total Canadian Revolving Exposure and minus the total Ex-Im Revolving Exposure and (ii) the
Domestic Borrowing Base minus (b) the total Domestic Revolving Exposure of all Domestic
Revolving Lenders.

          “Domestic Borrowing Base” means, at any time, with respect to the Company and the
other Domestic Loan Parties, the sum of (a) 85% of such Domestic Loan Parties’ Eligible Accounts at
such time, plus (b) the lesser of (i) (A) 85% multiplied by (B) the Orderly
Liquidation Percentage multiplied by (C) the value of such Domestic Loan Parties’ Eligible
Inventory, valued at the lower of cost or market value, determined on a first-in, first-out basis,
at such time or (ii) $125,000,000; provided, that aggregate advances to the Company predicated on
the value of Eligible In-Transit Inventory of the Domestic Loan Parties at any time shall not
exceed $5,000,000 minus the Dollar Equivalent of the aggregate advances to the Canadian
Borrower predicated on the value of Eligible In-Transit Inventory of the Canadian Loan Parties at
such time, minus (c) Reserves related to such Domestic Loan Parties. The Administrative
Agent may, in its Permitted Discretion, reduce the advance rates set forth above, adjust Reserves
or sublimits or reduce one or more of the other elements used in computing the Domestic Borrowing
Base.

          “Domestic Borrowing Base Certificate” means a certificate, signed and certified as
accurate and complete by a Financial Officer of the Borrower Representative in substantially the
form of Exhibit C-1 or another form which is acceptable to the Administrative Agent in its
Permitted Discretion, reflecting the Domestic Borrowing Base.

          “Domestic Collection Account” has the meaning assigned to the term “Cash Management
Account” in the Domestic Security Agreement.

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

          “Domestic Issuing Bank” means JPMorgan Chase Bank, N.A., in its capacity as the issuer
of Domestic Letters of Credit hereunder, and its successors in such capacity as provided in Section
2.06(i). The Domestic Issuing Bank may, in its discretion, arrange for one or more Domestic
Letters of Credit to be issued by Affiliates of the Domestic Issuing Bank, in which case the term
“Domestic Issuing Bank” shall include any such Affiliate with respect to Domestic Letters of Credit
issued by such Affiliate.

          “Domestic LC Collateral Account” has the meaning assigned to such term in Section
2.05(j).

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

          “Domestic LC Exposure” means, at any time, the sum of the Domestic Commercial LC
Exposure and the Domestic Standby LC Exposure. The Domestic LC Exposure of any Domestic Revolving
Lender at any time shall be its Applicable Percentage of the total Domestic LC Exposure at such
time.

          “Domestic Loan Guarantor” means each Domestic Loan Party and any other Person that has
become or now or hereafter becomes a party to the Loan Guaranty pursuant to a joinder or by
executing a separate Loan Guaranty, in each case guaranteeing the Domestic Obligations, the
Canadian Obligations and the Ex-Im Obligations, together with their successors and assigns.

          “Domestic Letter of Credit” means any letter of credit issued by the Domestic Issuing
Bank pursuant to this Agreement upon the application of the Company.

          “Domestic Loan Parties” means the Company and each Domestic Subsidiary of the Company,
other than an Excluded Subsidiary; and “Domestic Loan Party” means any one of them.

          “Domestic Obligations” means all Obligations other than the Canadian Obligations and
the Ex-Im Obligations.

          “Domestic Overadvance” has the meaning assigned to such term in Section 2.05(b).

          “Domestic Protective Advances” has the meaning assigned to such term in Section 2.04.

          “Domestic Revolving Commitment” means, with respect to each Domestic Revolving Lender,
the commitment, if any, of such Domestic Revolving Lender to make Domestic Revolving Loans and to
acquire participations in Domestic Letters of Credit, Domestic Overadvances, Domestic Protective
Advances and Domestic Swingline Loans hereunder, expressed as an amount representing the maximum
possible aggregate amount of such Domestic Revolving Lender’s Domestic Revolving Exposure
hereunder, as such commitment may be reduced or increased from time to time pursuant to (a) Section
2.09 and (b) assignments by or to such Domestic Revolving Lender pursuant to Section 9.04. The
initial amount of each Domestic Revolving Lender’s Domestic Revolving Commitment is set forth on
the
Commitment Schedule, or in the Assignment and Assumption pursuant to which such
Domestic Revolving Lender shall have assumed its Domestic Revolving Commitment, as applicable. The
initial

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aggregate amount of the Domestic Revolving Lenders’ Domestic Revolving Commitments is
$200,000,000.

          “Domestic Revolving Exposure” means, with respect to any Domestic Revolving Lender at
any time, the sum of the outstanding principal amount of such Domestic Revolving Lender’s Domestic
Revolving Loans and its Domestic LC Exposure plus an amount equal to its Applicable
Percentage of the aggregate principal amount of Domestic Swingline Loans outstanding at such time,
plus an amount equal to its Applicable Percentage of the aggregate principal amount of
Domestic Overadvances outstanding at such time, plus an amount equal to its Applicable
Percentage of the aggregate principal amount of Domestic Protective Advances outstanding at such
time.

          “Domestic Revolving Lender” means each Lender with a Domestic Revolving Commitment or,
if the Domestic Revolving Commitments have terminated or expired, a Lender with Domestic Revolving
Exposure.

          “Domestic Revolving Loans” means the Loans extended by the Domestic Revolving Lenders
to the Company pursuant to Section 2.01(a).

          “Domestic Security Agreement” means, collectively, that certain Second Amended and
Restated Security Agreement of even date herewith, among the Domestic Loan Parties and the
Administrative Agent, for the benefit of the Administrative Agent and the Lenders, as the same may
be amended, restated or otherwise modified from time to time hereafter.

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

          “Domestic Subsidiary” means each direct or indirect Subsidiary of the Company that is
organized under the laws of the United States of America or any state, protectorate or territory of
the United States of America.

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

          “Domestic Swingline Loan” has the meaning assigned to such term in Section 2.05(a).

          “DSCR Availability Amount” means an amount at any time equal to the sum of (a)
$35,000,000 plus (b) 17.5% of the aggregate increases of the Domestic Revolving Commitment
effected as of such time pursuant to Section 2.09(d).

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

          “Eligible Accounts” means, at any time, the Accounts (other than Export-Related
Accounts) of a Domestic Loan Party or a Canadian Loan Party, as applicable, which the
Administrative Agent determines in its Permitted Discretion are eligible as the basis for the
extension of Domestic Revolving Loans, Domestic Swingline Loans, Canadian Revolving Loans and
Canadian Swingline Loans and the issuance of Domestic Letters of Credit and Canadian Letters of
Credit hereunder. Without
limiting the Administrative Agent’s discretion provided herein, Eligible Accounts shall not
include any Account:

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          (a) which is not subject to a first priority perfected Lien in favor of the applicable Agent;

          (b) which is subject to any Lien other than (i) a Lien in favor of the applicable Agent or the
Ex-Im Revolving Lender and (ii) a Permitted Encumbrance which does not have priority over the Lien
in favor of the applicable Agent;

          (c) with respect to which (i) more than 60 days have elapsed since the due date for payment
thereof, (ii) more than 120 days have elapsed since the date of the original invoice therefor or
(iii) which has been written off the books of the applicable Loan Party or otherwise designated as
uncollectible;

          (d) which is owing by an Account Debtor for which more than 50% of the Accounts owing from
such Account Debtor and its Affiliates are ineligible under clause (c) above;

          (e) which is owing by an Account Debtor to the extent the aggregate amount of Accounts owing
from such Account Debtor and its Affiliates to such Loan Party exceeds 25% of the aggregate amount
of Eligible Accounts;

          (f) with respect to which any covenant, representation, or warranty contained in this
Agreement, any Security Agreement or any Foreign Collateral Document has been breached or is not
true;

          (g) which (i) does not arise from the sale of goods or performance of services in the ordinary
course of business, (ii) is not evidenced by an invoice or other documentation satisfactory to the
Administrative Agent which has been sent to the Account Debtor, (iii) represents a progress
billing, (iv) is contingent upon such Loan Party’s completion of any further performance, (v)
represents a sale on a bill-and-hold, guaranteed sale, sale-and-return, sale on approval,
consignment, cash-on-delivery or any other repurchase or return basis or (vi) relates to payments
of interest;

          (h) for which the goods giving rise to such Account have not been shipped to the Account
Debtor or for which the services giving rise to such Account have not been performed by such Loan
Party or if such Account was invoiced more than once;

          (i) with respect to which any check or other instrument of payment has been returned
uncollected for any reason;

          (j) which is owed by an Account Debtor which has (i) applied for, suffered, or consented to
the appointment of any receiver, custodian, trustee, or liquidator of its assets, (ii) has had
possession of all or a material part of its property taken by any receiver, custodian, trustee or
liquidator, (iii) filed, or had filed against it, any request or petition for liquidation,
reorganization, arrangement, adjustment of debts, adjudication as bankrupt, winding-up, or
voluntary or involuntary case under any state or federal bankruptcy laws (other than post-petition
accounts payable of an Account Debtor that is a debtor-in-possession under the Bankruptcy Code and
reasonably acceptable to the Administrative Agent), (iv) has admitted in writing its inability, or
is generally unable to, pay its debts as they become due, (v) become insolvent, or (vi) ceased
operation of its business;

          (k) which is owed by any Account Debtor which has sold all or a substantially all of its
assets;

          (l) which is owed by an Account Debtor which (i) does not maintain its chief executive office
(or its domicile, for purposes of the Quebec Civil Code) in the United States of America or Canada
or (ii) is not organized under applicable law of the United States of America, any state or

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territory of the United States of America, the District of Columbia, Canada, or any province or
territory of Canada unless, in any case, such Account is backed by a letter of credit acceptable to
the Administrative Agent which is in the possession of, and is directly drawable by, the
Administrative Agent;

          (m) which is owed in any currency other than Dollars or with respect to the Canadian Loan
Parties, Canadian Dollars;

          (n) which is owed by (i) the government (or any department, agency, public corporation, or
instrumentality thereof) of any country other than the United States of America unless such Account
is backed by a letter of credit acceptable to the Administrative Agent which is in the possession
of the Administrative Agent, or (ii) the government of the United States of America, or any
department, agency, public corporation, or instrumentality thereof, unless the Federal Assignment
of Claims Act of 1940, as amended (31 U.S.C. § 3727 et seq. and 41 U.S.C. § 15
et seq.), and any other steps necessary to perfect the Liens of the Administrative
Agent and the Ex-Im Revolving Lender in such Account have been complied with to the Administrative
Agent’s satisfaction; provided, that up to $750,000 in the aggregate of such Accounts described in
this clause (ii) outstanding at any time shall not be deemed ineligible under this clause (n)
notwithstanding the fact that such steps have not been completed;

          (o) which is owed by any Affiliate, employee, officer, director, agent or stockholder of any
Loan Party;

          (p) which, for any Account Debtor, exceeds a credit limit established in writing by the
Administrative Agent, in its Permitted Discretion, to the extent of such excess;

          (q) which is owed by an Account Debtor or any Affiliate of such Account Debtor to which any
Loan Party is indebted, but only to the extent of such indebtedness;

          (r) which is subject to any security, deposit, progress payment, retainage or other similar
advance made by or for the benefit of an Account Debtor, in each case to the extent thereof, except
to the extent that the applicable Loan Party has obtained and delivered to the Account Debtor, a
letter of credit or bank guarantee relating to such security, deposit, progress payment, retainage
or other similar advance;

          (s) which is subject to any counterclaim, deduction, defense, setoff or dispute but only to
the extent of any such counterclaim, deduction, defense, setoff or dispute, unless such Account is
a Contention Account;

          (t) which is evidenced by any promissory note, chattel paper, or instrument;

          (u) which is owed by an Account Debtor located in any jurisdiction which requires filing of a
“Notice of Business Activities Report” or other similar report in order to permit such Loan Party
to seek judicial enforcement in such jurisdiction of payment of such Account, unless such Loan
Party has filed such report or qualified to do business in such jurisdiction;

          (v) with respect to which such Loan Party has made any agreement with the Account Debtor for
any reduction thereof, other than discounts and adjustments given in the ordinary course of
business, or any Account which was partially paid and such Loan Party created a new receivable for
the unpaid portion of such Account;

          (w) which does not comply in all material respects with the requirements of all applicable
laws and regulations, whether Federal, state or local, including without limitation the Federal
Consumer Credit Protection Act, the Federal Truth in Lending Act and Regulation Z of the Board;

-16-

 

          (x) which is for goods that have been sold under a purchase order or pursuant to the terms of
a contract or other agreement or understanding (written or oral) that indicates or purports that
any Person other than such Loan Party has or has had an ownership interest in such goods, or which
indicates any party other than such Loan Party as payee or remittance party;

          (y) which was created on cash on delivery terms;

          (z) which is a Contention Account, but only to the extent that such Contention Account, when
added together with the aggregate of all other Contention Accounts, exceeds the Dollar Equivalent
of $750,000;

          (aa) which the Administrative Agent determines in its Permitted Discretion may not be paid by
reason of the Account Debtor’s inability to pay;

          (bb) at any time that the Volvo Purchase Agreement is in effect, such Account has not been
accepted for purchase pursuant to the Volvo Purchase Agreement;

          (cc) such Account is owing by a Purchaser (as defined in the Volvo Purchase Agreement)
pursuant to the Volvo Purchase Agreement; or

          (dd) at any time that the Wells Fargo Purchase Agreement is in effect, such Account has been
accepted for purchase pursuant to such Wells Fargo Purchase Agreement.

          In the event that an Account which was previously an Eligible Account ceases to be an Eligible
Account hereunder, the Company or the Canadian Borrower, as applicable, shall notify the
Administrative Agent thereof (i) within three Business Days of the date the applicable Borrower has
obtained knowledge thereof, if any such Accounts are in excess of the Dollar Equivalent of
$1,000,000 in the aggregate for any Account Debtor and (ii) in all other cases, on and at the time
of submission to the Administrative Agent of the next Borrowing Base Certificate of such Borrower.
In determining the amount of an Eligible Account, the face amount of an Account may, in the
Administrative Agent’s Permitted Discretion, be reduced by, without duplication, to the extent not
reflected in such face amount, (i) the amount of all accrued and actual discounts, claims, credits
or credits pending, promotional program allowances, price adjustments, finance charges or other
allowances (including any amount that the applicable Loan Party may be
obligated to rebate to an Account Debtor pursuant to the terms of any agreement or understanding (written or oral)) and (ii)
the aggregate amount of all cash received in respect of such Account but not yet applied by such
Loan Party to reduce the amount of such Account.

          “Eligible Export-Related Accounts” means, at any time, the Export-Related Accounts of
an Ex-Im Credit Party that are due and collectible in the United States of America and that satisfy
the criteria for “Eligible Export-Related Accounts Receivable” criteria in the Ex-Im Bank Borrower
Agreement.

          In the event that a Export-Related Account which was previously an Eligible Export-Related
Account ceases to be an Eligible Export-Related Account hereunder, the Borrower Representative
shall notify the Administrative Agent thereof (i) within three Business Days of the date the
Borrower Representative has obtained knowledge thereof, if any such Export-Related Accounts are in
excess of the Dollar Equivalent of $1,000,000 in the aggregate for any Account Debtor and (ii) in
all other cases, on and at the time of submission to the Administrative Agent of the next Ex-Im
Borrowing Base Certificate. In determining the amount of an Eligible Export-Related Account, the
face amount of an
Export-Related Account may, in the Administrative Agent’s Permitted Discretion, be reduced by,
without duplication, to the extent not reflected in such face amount, (i) the amount of all accrued
and actual discounts, claims, credits or credits pending, promotional program allowances, price
adjustments, finance charges or other allowances (including any amount that the applicable Ex-Im
Credit Party may be

-17-

 

obligated to rebate to an Account Debtor pursuant to the terms of any agreement
or understanding (written or oral)) and (ii) the aggregate amount of all cash received in respect
of such Export-Related Account but not yet applied by such Ex-Im Credit Party to reduce the amount
of such Export-Related Account.

          “Eligible Export-Related Inventory” means, at any time, the Export-Related Inventory
of an Ex-Im Credit Party that satisfies the criteria for “Eligible Export-Related Inventory”
contained in the Ex-Im Bank Borrower Agreement.

          In the event that Export-Related Inventory which was previously Eligible Export-Related
Inventory ceases to be Eligible Export-Related Inventory hereunder, the Borrower Representative
shall notify the Administrative Agent thereof (i) within three Business Days of the date the
Borrower Representative has obtained knowledge thereof, if any such Inventory has a value (based on
the lines of cost or market, determined on a first-in, first-out basis) in excess of the Dollar
Equivalent of $2,000,000 in the aggregate and (ii) in all other cases, on and at the time of
submission to the Administrative Agent of the next Ex-Im Borrowing Base Certificate.

          “Eligible In-Transit Inventory” has the meaning assigned to such term in clause (f) of
the definition of the term “Eligible Inventory”.

          “Eligible Inventory” means, at any time, the Inventory (other than Export-Related
Inventory) of a Domestic Loan Party or a Canadian Loan Party, as applicable, which the
Administrative Agent determines in its Permitted Discretion is eligible as the basis for the
extension of Domestic Revolving Loans, Domestic Swingline Loans, Canadian Revolving Loans and
Canadian Swingline Loans and the issuance of Domestic Letters of Credit and Canadian Letters of
Credit hereunder. Without limiting the Administrative Agent’s discretion provided herein, Eligible
Inventory shall not include any Inventory:

          (a) which is not subject to a first priority perfected Lien in favor of the Administrative
Agent;

          (b) which is subject to any Lien other than (i) a Lien in favor of the Administrative Agent
and (ii) a Permitted Encumbrance which does not have priority over the Lien in favor of the
Administrative Agent;

          (c) with respect to which any covenant, representation, or warranty contained in this
Agreement, any Security Agreement or any Foreign Collateral Document has been breached or is not
true and which does not conform to all standards imposed by any Governmental Authority;

          (d) in which any Person other than such Loan Party shall (i) have any direct or indirect
ownership, interest or title to such Inventory or (ii) be indicated on any purchase order or
invoice with respect to such Inventory as having or purporting to have an interest therein;

          (e) which constitutes bill-and-hold goods, goods that are returned or marked for return,
repossessed goods, defective or damaged goods, goods held on consignment, or goods which are not of
a type held for sale in the ordinary course of business;

          (f) which is not located in the United States of America (in the case of Domestic Loan
Parties) or Canada (in the case of Canadian Loan Parties), or is in transit with a common carrier
from vendors and suppliers, provided that, Inventory in transit from vendors and
suppliers may be included as eligible (“Eligible In-Transit Inventory”) pursuant to this
clause (f) so long as (i) the Administrative Agent shall have received (1) a true and
correct copy of the bill of lading and other shipping documents for such Inventory, (2) the
applicable Loan Party has title to the Inventory,

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(3) evidence of satisfactory casualty insurance
naming the Administrative Agent as loss payee and otherwise covering such risks as the
Administrative Agent may reasonably request, and (4) if the bill of lading is (A) non-negotiable
and the Inventory is in transit within the United States, a duly executed Collateral Access
Agreement from the applicable customs broker for such Inventory or (B) negotiable, and the
Inventory is on the water in transit to the United States, unless otherwise determined by the
Administrative Agent in its sole discretion, confirmation that the bill is issued in the name of
the Loan Party and consigned to the order of the Administrative Agent, and an acceptable agreement
has been executed with such Loan Party’s customs broker, in which the customs broker agrees that it
holds the negotiable bill as agent for the Administrative Agent and has granted the Administrative
Agent access to the Inventory, (ii) the common carrier is not an Affiliate of the applicable vendor
or supplier and (iii) the customs broker is not an Affiliate of any Loan Party;

          (g) which is located in any location leased by such Loan Party unless the lessor has delivered
to the Administrative Agent a Collateral Access Agreement or, with respect to any such location for
which Administrative Agent does not receive a Collateral Access Agreement, a Reserve equal to three
months’ rent, charges, and other amounts due or to become due with respect to such facility has
been established by the Administrative Agent in its Permitted Discretion;

          (h) which is located in any third party warehouse or is in the possession of a bailee (other
than a third party processor) and is not evidenced by a Document (other than bills of lading to the
extent permitted pursuant to clause (g) above), unless (i) such warehouseman or bailee has
delivered to the Administrative Agent a Collateral Access Agreement and such other documentation as
the Administrative Agent may require or (ii) an appropriate Reserve has been established by the
Administrative Agent in its Permitted Discretion;

          (i) which is being processed offsite at a third party location or outside processor, or is
in-transit to or from said third party location or outside processor;

          (j) which is a discontinued product or component thereof;

          (k) which is the subject of a consignment by such Loan Party as consignor;

          (l) which is perishable;

          (m) which contains or bears any intellectual property rights licensed to such Loan Party
unless the Administrative Agent is satisfied that it may sell or otherwise dispose of such
Inventory without (i) infringing the rights of such licensor, (ii) violating any contract with such
licensor, or (iii) incurring any liability with respect to payment of royalties other than
royalties incurred pursuant to sale of such Inventory under the current licensing agreement;

          (n) which is not reflected in a current perpetual inventory report of such Loan Party (unless
such Inventory is reflected in an acceptable separate report to the Administrative Agent reflecting
such Inventory as “in transit” “work in process”, “outside processing” or any other category of
Inventory acceptable to the Administrative Agent);

          (o) for which reclamation rights have been asserted by the seller;

          (p) with respect to the Canadian Loan Parties, is considered “30-day goods” within the meaning
of the Bankruptcy and Insolvency Act (Canada); or

          (q) which the Administrative Agent otherwise determines is unacceptable in its Permitted
Discretion.

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          In the event that Inventory which was previously Eligible Inventory ceases to be Eligible
Inventory hereunder, the Company or the Canadian Borrower, as applicable, shall notify the
Administrative Agent thereof (i) within three Business Days of the date the applicable Borrower has
obtained knowledge thereof, if any such Inventory has a value (based on the lesser of cost or
market, determined on a first-in, first-out basis) in excess of the Dollar Equivalent of $2,000,000
in the aggregate and (ii) in all other cases, on and at the time of submission to the
Administrative Agent of the next Borrowing Base Certificate of such Borrower.

          “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, 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 any
Loan Party 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.

          “Equipment” has the meaning specified in the Domestic Security Agreement.

          “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 any Loan Party, is treated as a single employer under Section 414(b) or (c) of the
Code or, solely for purposes of Section 302 of ERISA and Section 412 of the Code, is treated as a
single employer under Section 414 of the Code.

          “ERISA Event” 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); (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 any
Loan Party 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 any Loan Party 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 any Loan Party or any of its ERISA
Affiliates of any liability with respect to the withdrawal or partial withdrawal from any Plan or
Multiemployer Plan; or (g) the receipt by any Loan Party or any ERISA Affiliate of any notice, or
the receipt by any Multiemployer Plan from any Loan Party or any ERISA Affiliate of any notice,
concerning the imposition of Withdrawal Liability or a determination that a Multiemployer Plan is, or is expected to be, insolvent or
in reorganization, within the meaning of Title IV of ERISA.

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          “Eurodollar”, when used in reference to any Dollar Loan or Dollar 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.

          “Excluded Assets” means, collectively, all Equipment, Real Property and Intellectual
Property (other than General Intangibles (as defined in the Domestic Security Agreement) to the
extent arising out of, or related to, or derivative of the property or interests in Accounts and
Inventory) of the Loan Parties.

          “Excluded Subsidiary” means Park Avenue Travel Ltd., an Ohio corporation and Lallegro,
Inc., a Delaware corporation; provided, that the Borrower Representative may designate ILS
Technology as an Excluded Subsidiary on 10 days prior written notice to the Administrative Agent,
so long as (a) the book value of the assets of ILS Technology at such time are less than or equal
to 5% of the book value of the total assets of the Loan Parties on a consolidated basis at such
time and (b) the revenues of ILS Technology for the 12 month period ending on such date are less
than or equal to 5% of the total revenues of the Loan Parties on a consolidated basis for such
period.

          “Excluded Taxes” means, with respect to either Agent, any Lender, any Issuing Bank or
any other recipient of any payment to be made by or on account of any obligation of any 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 is
resident or carries on business through a permanent establishment located therein 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 any Borrower is located and (c) in the case of a Foreign
Lender (other than an assignee pursuant to a request by any 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(f), 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 Borrowers with respect to such
withholding tax pursuant to Section 2.17(a).

          “Ex-Im Availability” means, with respect to the Ex-Im Borrowers, at any time, an
amount equal to (a) the lesser of (i) the total Ex-Im Revolving Subcommitment of the Ex-Im
Revolving Lender and (ii) the Export-Related Borrowing Base minus (b) the total Ex-Im
Revolving Exposure relating to Ex-Im Revolving Loans minus (i) 25% of the total Ex-Im LC
Exposure.

          “Ex-Im Availability Period” means the period from and including the Ex-Im Effective
Date to but excluding the earlier of the Maturity Date or the Commitment Termination Date (as
defined in the Fast Track Loan Agreement).

          “Ex-Im Bank” means the Export-Import Bank of the United States of America.

          “Ex-Im Bank Borrower Agreement” means an agreement executed by the Ex-Im Borrowers in
favor of Ex-Im Bank and the Ex-Im Revolving Lender, in the form attached hereto as Exhibit E-1,
together with all amendments, modifications and supplements thereto, including without limitation
the Fast Track Loan Agreement Supplement in the form attached hereto as Exhibit E-2.

          “Ex-Im Bank Documents” means, collectively, the Ex-Im Bank Guarantee, any Loan
Authorization Agreement between the Ex-Im Revolving Lender and Ex-Im Bank and the Ex-Im Bank
Borrower Agreement.

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          “Ex-Im Bank Guarantee” means that certain Master Guarantee Agreement and any other
guarantee now or hereafter executed by Ex-Im Bank in favor of the Ex-Im Revolving Lender, in form
and substance reasonably satisfactory to the Ex-Im Revolving Lender, together with all amendments,
modifications and supplements thereto.

          “Ex-Im Borrowers” means, individually or collectively, the Company and the Ex-Im
Credit Party.

          “Ex-Im Borrowing Base Certificate” means a certificate, signed and certified as
accurate and complete by a Financial Officer of the Borrower Representative in a form which is
acceptable to the Administrative Agent in its sole discretion, reflecting the Export-Related
Borrowing Base.

          “Ex-Im Credit Party” means AJAX Tocco Magnethermic Corporation, an Ohio corporation.

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

          “Ex-Im Effective Date” means the first date after the Effective Date on which the
conditions specified in Sections 4.02, 4.03 and 4.04 are all satisfied (or waived in accordance
with Section 9.02).

          “Ex-Im Issuing Bank” means JPMorgan Chase Bank, N.A., in its capacity as the issuer of
Ex-Im Letters of Credit, and its successors in such capacity as provided in Section 2.06(i). The
Ex-Im Issuing Bank may, in its discretion, arrange for one or more Ex-Im Letters of Credit to be
issued by Affiliates of the Ex-Im Issuing Bank, in which case the term “Ex-Im Issuing Bank” shall
include any such Affiliate with respect to Ex-Im Letters of Credit issued by such Affiliate.

          “Ex-Im LC Collateral Account” has the meaning assigned to such term in Section
2.06(j).

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

          “Ex-Im LC Exposure” means, at any time, the sum of the Ex-Im Commercial LC Exposure
and the Ex-Im Standby LC Exposure. The Ex-Im LC Exposure of the Ex-Im Revolving Lender at any time
shall be its Applicable Percentage of the total Ex-Im LC Exposure at such time.

          “Ex-Im Letter of Credit” means any letter of credit (other than a Warranty Letter of
Credit, as defined in the Ex-Im Bank Borrower Agreement) issued by the Ex-Im Issuing Bank upon the
application of an Ex-Im Borrower (or the Borrower Representative, on behalf of such Ex-Im
Borrower).

          “Ex-Im Obligations” means all unpaid principal of and accrued and unpaid interest on
the Ex-Im Revolving Loans, all Ex-Im LC Exposure and all expenses, reimbursements, indemnities and
other obligations of the Ex-Im Borrowers to the Ex-Im Revolving Lender, the Ex-Im Participants, the
Agents, the Issuing Banks or any indemnified party arising under the Ex-Im Bank Borrower Agreement,
the Fast Track Loan Agreement, and the Loan Documents, in respect of the Ex-Im Revolving Loans or the
Ex-Im LC Exposure. The Ex-Im Obligations shall be the “Loan Facility Obligations” referred to in
the Ex-Im Bank Borrower Agreement.

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          “Ex-Im Participant” means each Lender hereunder, with respect to its participation in
Ex-Im Revolving Exposure.

          “Ex-Im Revolving Lender” means JPMorgan Chase Bank, N.A., as Lender under the Fast
Track Loan Agreement.

          “Ex-Im Revolving Exposure” means the sum of the outstanding principal amount of the
Ex-Im Revolving Loans and the Ex-Im LC Exposure.

          “Ex-Im Revolving Loans” means the export-related Loans extended by the Ex-Im Revolving
Lender to the Ex-Im Borrowers pursuant to Section 2.01(c) and the Fast Track Loan Agreement.

          “Ex-Im Revolving Subcommitments” means, (a) with respect to the Ex-Im Revolving
Lender, the commitment, if any, of the Ex-Im Revolving Lender to make Ex-Im Revolving Loans and to
acquire participations in Ex-Im Letters of Credit hereunder, expressed as an amount representing
the maximum possible aggregate amount of the Ex-Im Revolving Lender’s Ex-Im Revolving Exposure
hereunder, as such subcommitment may be reduced from time to time pursuant to assignments by or to
the Ex-Im Revolving Lender pursuant to Section 9.04 and (b) with respect to each Ex-Im Participant,
the commitment, if any, of such Ex-Im Participant to acquire participations in Ex-Im Revolving
Loans and Ex-Im Letters of Credit hereunder, expressed as an amount representing the maximum
possible aggregate amount of such Ex-Im Participants’ participation in the Ex-Im Revolving Exposure
hereunder, as such subcommitment may be reduced from time to time pursuant to assignments by or to
such Ex-Im Participant pursuant to Section 9.04. The initial amount of the Ex-Im Revolving
Lender’s and each Ex-Im Participants Ex-Im Revolving Subcommitment is set forth on the
Commitment Schedule, or in the Assignment and Assumption pursuant to which the Ex-Im
Revolving Lender or such Ex-Im Participant shall have assumed its Ex-Im Revolving Subcommitment, as
applicable. The initial aggregate amount of the Ex-Im Revolving Lender’s Ex-Im Revolving
Subcommitment is $25,000,000. The Ex-Im Revolving Subcommitments are subcommitments of the
Domestic Revolving Commitments and do not represent additional credit exposure.

          “Ex-Im Security Agreement” means that certain Amended and Restated Security Agreement
of even date herewith, among the Ex-Im Borrowers, the other Domestic Loan Parties and the Ex-Im
Revolving Lender.

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

          “Existing Indenture” means that certain Indenture dated as of November 30, 2004,
between the Company, each of the guarantors party thereto, and Wells Fargo Bank, N.A., as Trustee,
pursuant to which the Existing Senior Subordinated Notes were issued, as the same has heretofore
been amended, restated or otherwise modified, as the same is being amended on the date hereof by a
certain Fifth Supplemental Indenture, and as the same may, with the prior written consent of the
Administrative Agent and the Required Lenders, hereafter be from time to time amended, restated or
otherwise modified.

          “Existing Lender” means a Person holding loans and commitments under the Original
Credit Agreement.

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          “Existing Senior Subordinated Notes” means the Notes (as defined in the Existing
Indenture) issued pursuant to the Existing Indenture.

          “Export-Related Accounts” means all Export-Related Accounts Receivable (as defined in
the Ex-Im Bank Borrower Agreement) of the Ex-Im Credit Party.

          “Export-Related Borrowing Base” means, at any time, with respect to the Ex-Im Credit
Party, the Export-Related Borrowing Base as defined in the Ex-Im Bank Borrower Agreement. The
Ex-Im Revolving Lender may, in its Permitted Discretion, reduce the advance rates set forth in the
Export-Related Borrowing Base, adjust Reserves or reduce one or more of the other elements used in
computing the Export-Related Borrowing Base. For the avoidance of doubt, the parties acknowledge
and agree that Export-Related Accounts Receivable that are subject to contractual restrictions on
the ability of the Ex-Im Credit Party to grant a security interest in such Export-Related Accounts
Receivable shall not be treated as eligible for purposes of calculating the Export-Related
Borrowing Base.

          “Export-Related Collateral” has the meaning assigned to such term in the Fast Track
Loan Agreement.

          “Export-Related Inventory” means all Export-Released Inventory (as defined in the
Ex-Im Bank Borrower Agreement) of the Ex-Im Credit Party.

          “Export Order” has the meaning assigned to such term in the Ex-Im Bank Borrower
Agreement.

          “Fast Track Loan Agreement” means the Fast Track Export Loan Agreement among the Ex-Im
Borrowers, the other Domestic Loan Parties and the Ex-Im Revolving Lender, in form reasonably
satisfactory to the Administrative Agent and the Ex-Im Revolving Lender, together with all
amendments, modifications and supplements thereto.

          “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 Company or any Loan Party, as the context indicates.

          “Foreign Collateral Documents” means, collectively, the agreements and documents
granting a Lien to the Canadian Agent, for the benefit of the Canadian Agent and the Canadian
Revolving Lenders, upon the Collateral of the Canadian Loan Parties as security for payment of the
Canadian Obligations.

          “Foreign Lender” means any Lender that is organized under the laws of a jurisdiction
other than that in which a 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 and Canada and each Province and Territory thereof shall be deemed to constitute a
single jurisdiction.

          “Foreign Subsidiary” means any Subsidiary of the Company other than a Domestic
Subsidiary.

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          “Funding Accounts” means the deposit account(s) of each of the Company and the
Canadian Borrower to which the Lenders are authorized by such Borrower to transfer the proceeds of
any Borrowings requested or authorized pursuant to this Agreement.

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

          “Governmental Authority” means the government of the United States of America, Canada,
any other nation or any political subdivision thereof, whether state, provincial 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.

          “Guaranteed Obligations” means the Domestic Guaranteed Obligations or the Canadian
Guaranteed Obligations, as each term is defined in Section 10.01.

          “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.

          “Holdings” means Park-Ohio Holdings Corp., an Ohio corporation.

          “ILS” means Supply Technologies LLC, an Ohio limited liability company.

          “ILS Technology” means ILS Technology LLC, an Ohio limited liability company.

          “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 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 (excluding any bank
guarantees or similar transactions issued in favor of any Foreign Subsidiary), (j) all obligations,
contingent or otherwise, of such Person in

-25-

 

respect of bankers’ acceptances, (k) obligations under
any liquidated earn-out, (l) all Swap Obligations of such Person, including Net Mark-to-Market
Exposure, (m) all obligations of such Person under any Sale and Leaseback Transaction, and (n) any
other Off-Balance Sheet Liability. 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.

          “Intellectual Property” has the meaning assigned to such term in the Security
Agreement.

          “Indemnified Taxes” means Taxes other than Excluded Taxes.

          “Intercompany Notes” has the meaning assigned to such term in Section 6.01.

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

          “Interest Payment Date” means (a) with respect to any CBFR Loan (other than a Domestic
Swingline Loan) or any CP Loan (other than a Canadian Swingline Loan), the first Business Day in
each calendar month and the Maturity Date, and (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 the Maturity Date.

          “Interest Period” means (a) 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 Representative may
elect and (b) with respect to any CDOR Rate Borrowing, the period commencing on the date of such
Borrowing and ending on the date that is 30, 60 or 90 days thereafter, as the Borrower
Representative 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 pertaining to a Eurodollar Borrowing 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, in the case of a CDOR
Rate Borrowing or a Eurodollar Borrowing, thereafter shall be the effective date of the most recent
conversion or continuation of such Borrowing.

          “Inventory” has the meaning assigned to such term in the Domestic Security Agreement.

          “Issuing Bank” means the Canadian Issuing Bank, the Ex-Im Issuing Bank or the Domestic
Issuing Bank, as the context indicates.

          “Joinder Agreement” has the meaning assigned to such term in Section 5.13.

          “LC Disbursement” means a Canadian LC Disbursement, an Ex-Im LC Disbursement or a
Domestic LC Disbursement.

          “LC Exposure” means, collectively, the Canadian LC Exposure, the Ex-Im LC Exposure and
the Domestic LC Exposure.

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          “Lenders” means the Persons listed on the Commitment Schedule 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 and
specifically includes the Ex-Im Revolving Lender. Unless the context otherwise requires, the term
“Lenders” includes each Swingline Lender.

          “Letter of Credit” means a Domestic Letter of Credit, an Ex-Im Letter of Credit or a
Canadian Letter of Credit.

          “LIBO Rate” means, with respect to any Eurodollar Borrowing for any Interest Period,
the rate appearing on Reuters Screen LIBOR01 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 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 Authorization Agreement” has the meaning assigned to such term in the Ex-Im Bank
Borrower Agreement.

          “Loan Documents” means this Agreement, any promissory notes issued pursuant to the
Agreement, any Letter of Credit applications, the Collateral Documents, the Loan Guaranty, the
Ex-Im Bank Borrower Agreement, the Ex-Im Bank Guarantee, the Fast Track Loan Agreement and all
other agreements, instruments, documents and certificates executed and delivered to, or in favor
of, either Agent, the Ex-Im Revolving Lender or any other Lender and including all other pledges,
powers of attorney, consents, assignments, contracts, notices, letter of credit agreements and all
other written matter whether heretofore, now or hereafter executed by or on behalf of any Loan
Party, or any employee of any Loan Party, and delivered to either Agent, the Ex-Im Revolving Lender
or any other Lender in connection with the Original Credit Agreement or this Agreement or the
transactions contemplated thereby or hereby. Any reference in the Agreement or any other Loan
Document to a Loan Document shall include all appendices, exhibits or schedules thereto, and all
amendments, restatements, supplements or other modifications thereto, and shall refer to the
Agreement or such Loan Document as the same may be in effect at any and all times such reference
becomes operative.

          “Loan Guarantor” means a Domestic Loan Guarantor or a Canadian Loan Guarantor, as
applicable, together with its respective successors and assigns.

          “Loan Guaranty” means Article X of this Agreement and each separate Guarantee,
in form and substance satisfactory to the Administrative Agent, heretofore, now or hereafter
delivered by a Loan Guarantor, including each Guarantee executed by each Loan Guarantor that is a
Foreign Subsidiary

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(which Guarantee shall be governed by the laws of the country in which such
Foreign Subsidiary is located), as it may be amended or modified and in effect from time to time.

          “Loan Parties” means the Borrowers, the other Domestic Loan Parties, the other
Canadian Loan Parties and any other Person who becomes a party to this Agreement pursuant to a
Joinder Agreement and their successors and assigns.

          “Loans” means the loans and advances made by the Lenders pursuant to this Agreement,
including Domestic Revolving Loans, Canadian Revolving Loans, Ex-Im Revolving Loans, Swingline
Loans, Overadvances and Protective Advances.

          “Material Adverse Effect” means a material adverse effect on (a) the business, assets,
operations or financial condition of the Loan Parties as a whole, (b) the ability of the Loan
Parties, taken as a whole, to perform any of their obligations under the Loan Documents, (c) a
material portion of the Collateral, or either Agent’s Liens (on behalf of itself and the applicable
Lenders), or Ex-Im Revolving Lender’s Liens, on the Collateral or the priority of such Liens, or
(d) the rights of or benefits available to either Agent, the Ex-Im Revolving Lender, any Issuing
Bank or any Lender thereunder.

          “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 Loan
Parties in an aggregate principal amount exceeding $5,000,000.

          “Maturity Date” means April 7, 2016 or any earlier date on which the Commitments are
reduced to zero or otherwise terminated pursuant to the terms hereof.

          “Maximum Liability” has the meaning assigned to such term in Section 10.10.

          “Maximum Availability Amount” means an amount at any time equal to the sum of (a)
$25,000,000 plus (b) 12.5% of the aggregate increases of the Domestic Revolving Commitment
effected as of such time pursuant to Section 2.09(d).

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

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

          “Net Mark-to-Market Exposure” of a Person means, as of any date of determination, the
excess (if any) of all unrealized losses over all unrealized profits of such Person arising from
Swap Agreements. As used in this definition, “unrealized losses” means the fair market value of
the cost to such Person of replacing such Swap Agreement as of the date of determination (assuming
the Swap Agreement were to be terminated as of that date), and “unrealized profits” means the fair
market value of the gain to such Person of replacing such Swap Agreement as of the date of
determination (assuming such Swap Agreement were to be terminated as of that date).

          “Net Proceeds” means, with respect to any event, (a) the cash proceeds received in
respect of such event including (i) any cash received in respect of any non-cash proceeds
(including any cash payments received by way of deferred payment of principal pursuant to a note or
installment receivable or purchase price adjustment receivable or otherwise, but excluding any
interest payments), but only as and when received, (ii) in the case of a casualty, insurance
proceeds and (iii) in the case of a condemnation or similar event, condemnation awards and similar
payments, net of (b) the sum of (i) all
reasonable fees and out-of-pocket expenses paid to third parties (other than Affiliates) in
connection with such event, (ii) in the case of a sale, transfer or other disposition of an asset
(including pursuant to a sale and leaseback transaction or a casualty or a condemnation or similar
proceeding), the amount of all

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payments required to be made as a result of such event to repay
Indebtedness (other than Loans) secured by such asset or otherwise subject to mandatory prepayment
as a result of such event and (iii) the amount of all taxes paid (or reasonably estimated to be
payable) and the amount of any reserves established to fund contingent liabilities reasonably
estimated to be payable that are directly attributable to such event (as determined reasonably and
in good faith by a Financial Officer).

          “New Indenture” means that certain Indenture dated as of April 7, 2011, between the
Company, each of the guarantors party thereto, and Wells Fargo Bank, National Association, as
Trustee, pursuant to which the New Senior Notes were issued, as the same may, with the prior
written consent of the Administrative Agent and the Required Lenders, hereafter be from time to
time amended, restated or otherwise modified.

          “New Senior Notes” means the Notes (as defined in the New Indenture) issued pursuant
to the New Indenture.

          “Non-Consenting Lender” has the meaning assigned to such term in Section 9.02(d).

          “Non-Paying Guarantor” has the meaning assigned to such term in Section 10.11.

          “Obligated Party” has the meaning assigned to such term in Section 10.02.

          “Obligations” means all unpaid principal of and accrued and unpaid interest on the
Loans, all LC Exposure, all Banking Services Obligations of the Loan Parties, all Swap Obligations
of the Loan Parties owing to any Lender, either Agent, the Ex-Im Revolving Lender or any of their
Affiliates, all accrued and unpaid fees and all expenses, reimbursements, indemnities and other
obligations of the Loan Parties to the Lenders or to any Lender, either Agent, the Ex-Im Revolving
Lender, any Issuing Bank or any indemnified party arising under the Loan Documents.

          “Off-Balance Sheet Liability” of a Person means (a) any repurchase obligation or
liability of such Person with respect to accounts or notes receivable sold by such Person, (b) any
indebtedness, liability or obligation under any so-called “synthetic lease” transaction entered
into by such Person, or (c) any indebtedness, liability or obligation arising with respect to any
other transaction which is the functional equivalent of or takes the place of borrowing but which
does not constitute a liability on the balance sheets of such Person (other than operating leases).

          “Orderly Liquidation Percentage” means, with respect to Inventory or Export-Related
Inventory of any Loan Party, (a) the Dollar Equivalent of the net recovery value of such Inventory
or Export-Related Inventory, as applicable, divided by (b) the gross value of such Inventory or
Export-Related Inventory, as applicable, determined as of the date of most recent appraisal
conducted in accordance with customary asset based lending standards pursuant to Section 5.11, by
an appraiser acceptable to the Administrative Agent, net of all costs of liquidation thereof.

          “Original Canadian Revolving Loans” means the Canadian Revolving Loans advanced to the
Canadian Borrower under the Original Credit Agreement.

          “Original Closing Date” means March 8, 2010.

          “Original Credit Agreement” means the certain Third Amended and Restated Credit
Agreement dated as of the Original Closing Date among the Company, certain of the other Loan
Parties,
certain of the Lenders and JPMorgan Chase Bank, N.A., as Agent and LC Issuer, as amended or
modified through the Effective Date.

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          “Original Domestic Revolving Loans” means the Domestic Revolving Loans advanced to the
Company under the Original Credit Agreement.

          “Original Revolving Loans” means the Revolving Loans advanced to the Company under the
Original Credit Agreement.

          “Original Term A Lenders” means the Lenders that advanced the Original Term A Loans to
the Company under the Original Credit Agreement.

          “Original Term A Loans” means the Term A Loans extended by the Original Term A Lenders
to the Company pursuant to the Original Credit Agreement.

          “Original Term B Lenders” means the Lenders that advanced the Original Term B Loans to
the Company under the Original Credit Agreement.

          “Original Term B Loans” means the Term B Loans extended by the Original Term B Lenders
to the Company pursuant to the Original Credit Agreement.

          “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.

          “Overadvance” means a Canadian Overadvance or a Domestic Overadvance, as the context
indicates; and “Overadvances” means Canadian Overadvances and Domestic Overadvances,
collectively.

          “Participant” has the meaning assigned to such term in Section 9.04.

          “Paying Guarantor” has the meaning assigned to such term in Section 10.11.

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

          “Permitted Discretion” means a determination made in good faith and in the exercise of
reasonable (from the perspective of a secured asset-based lender) credit judgment.

          “Permitted Encumbrances” means:

          (a) Liens imposed by law for taxes, fees, assessments, or other governmental charges or levies
on the property of a Loan Party if such (i) amounts are not at the time delinquent or (ii) do not
secure obligations in excess of $250,000, are being contested in compliance with Section 5.04 and a
stay of enforcement of such Lien is in 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 10 days or are being contested in compliance with Section 5.04;

          (c) Liens arising out of pledges and deposits made in the ordinary course of business in
compliance with workers’ compensation, unemployment insurance, old age pensions and other social
security or retirement benefits laws or regulations;

-30-

 

          (d) Liens arising out of 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) 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 monetary
obligations and do not materially detract from the value of the affected property or interfere with
the ordinary conduct of business of any Loan Party;

          (f) judgment liens in respect of judgments that do not constitute an Event of Default under
clause (k) of Article VII;

          (g) statutory Liens in favor of landlords of Real Property leased by a Loan Party; provided,
that such Loan Party is not in default with respect to payment of all rent and other material
amounts due to such landlord under any lease of such Real Property; and

          (h) the equivalent of the types of Liens discussed in clauses (a) through (g) above,
inclusive, in any foreign jurisdiction in which any Loan Party conducts business;

provided that the term “Permitted Encumbrances” shall not include (i) any Lien securing
Indebtedness, (ii) any Lien arising under ERISA or Environmental Laws, (iii) any Lien attached to
Accounts of any Loan Party (except a Lien of the type described in clause (a) above) or (iv) any
Lien attached to Inventory of any Loan Party (except a Lien of the type described in clauses (a),
(b) or (g) above).

          “Permitted Holders” means (a) Edward F. Crawford and Mathew V. Crawford, either of
their spouses, lineal descendants, or the probate estate of any such person, (b) any trust, so long
as one or more of the foregoing is the beneficiary thereof, and (c) any other corporation,
partnership, limited liability company, or other similar entity, all of the shareholders, partners,
members, or owners of which are any of the foregoing.

          “Permitted Investments” means:

          (a) direct obligations of, or obligations the principal of and interest on which are
unconditionally guaranteed by, Canada or the United States of America (or by any agency thereof to
the extent such obligations are backed by the full faith and credit of the United States of
America), 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, the highest credit rating obtainable from S&P or
from Moody’s;

          (c) investments in certificates of deposit, banker’s acceptances and time 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 domestic office of any commercial bank
organized under the laws of Canada or the United States of America or any province or state 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;

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          (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 and Aaa by
Moody’s and (iii) have portfolio assets of at least $5,000,000,000; and

          (f) money market funds that (i) are money market funds (as defined in National Instrument
81-102 Mutual Funds) that are reporting issuers (as defined in Ontario securities laws) in the
Province of Ontario, Canada, (ii) are rated AAA by S&P and Aaa by Moody’s and (iii) have portfolio
assets of at least $5,000,000,000.

          “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 any Loan Party 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.

          “Pledge Agreements” means each of the Pledge Agreements executed and delivered to the
Administrative Agent, for the benefit of the Administrative Agent and the Lenders, to the Canadian
Agent, for the benefit of the Canadian Agent and the Canadian Revolving Lenders, or to the Ex-Im
Revolving Lender, by Holdings or any Loan Party, on or after June 30, 2007, as the same may
heretofore have been and may hereafter be amended, restated or otherwise modified.

          “Prepayment Event” means:

          (a) any sale, transfer or other disposition of any property or asset of any Loan Party other
than Excluded Assets, including without limitation the sale of Equity Interests of a Subsidiary
(including an Excluded Subsidiary), other than dispositions described in Section 6.05(a), Section
6.05(b), Section 6.15(b), Section 6.15(c) or Section 6.15(d); or

          (b) any casualty or other insured damage to, or any taking under power of eminent domain or by
condemnation or similar proceeding of, any property or asset of any Loan Party, other than Excluded
Assets.

          “Prime Rate” means the rate of interest per annum publicly announced from time to time
by Chase or its parent as its prime rate at its offices at 270 Park Avenue in New York City; each
change in the Prime Rate shall be effective from and including the date such change is publicly
announced as being effective. The Prime Rate is not necessarily the lowest rate charged by Chase
to any customer.

          “Projections” has the meaning assigned to such term in Section 5.01(f).

          “Protective Advance” means either a Canadian Protective Advance or a Domestic
Protective Advance, as the context indicates; and “Protective Advances” means Canadian
Protective Advances and Domestic Protective Advances, collectively.

          “Real Property” means any real property owned or leased by any Loan Party.

          “Register” has the meaning assigned to such term 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.

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          “Report” means reports prepared by the Administrative Agent or another Person showing
the results of appraisals, field examinations or audits pertaining to the Loan Parties’ assets from
information furnished by or on behalf of the Loan Parties, after the Administrative Agent has
exercised its rights of inspection pursuant to this Agreement, which Reports may be distributed to
the Lenders by the Administrative Agent.

          “Required Lenders” means, at any time, Lenders having Credit Exposure and unused
Commitments representing 66 2/3% of the sum of the total Credit Exposure and unused Commitments at
such time, without duplication of any Ex-Im Revolving Exposure that has been participated to the
Ex-Im Participants.

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

          “Reserves” means any and all reserves which the Administrative Agent or the Ex-Im
Revolving Lender, as applicable, deems necessary, without duplication of any other reserve or
adjustment made under the definition of Eligible Accounts or Eligible Inventory, Eligible
Export-Related Accounts or Eligible Export-Related Inventory, in its Permitted Discretion, to
maintain (including, without limitation, reserves for accrued and unpaid interest on the Secured
Obligations, Banking Services Reserves, volatility reserves, reserves for rent at locations leased
by any Loan Party as to which a Collateral Access Agreement has not been delivered to the
Administrative Agent and for consignee’s, warehousemen’s and bailee’s charges, reserves for
dilution of Accounts, reserves for Inventory shrinkage, reserves for customs charges and shipping
charges related to any Inventory in transit, reserves for Swap Obligations, reserves for contingent
liabilities of any Loan Party, reserves for uninsured losses of any Loan Party, reserves for
priority wage and compensation claims under the Canadian Wage Earner Protection Program Act and the
Bankruptcy and Insolvency Act (Canada), reserves for uninsured, underinsured, un-indemnified or
under-indemnified liabilities or potential liabilities with respect to any litigation, reserves for
environmental liabilities, including the costs of any environmental cleanup or compliance and
reserves for taxes, fees, assessments, and other governmental charges) with respect to the
Collateral or any Loan Party.

          “Restricted Payment” means any dividend or distribution (whether in cash, securities
or other property) with respect to any Equity Interests in any Loan Party, 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 in any Loan Party or any option, warrant or other right to acquire any such Equity
Interests in any Loan Party.

          “Revolving Commitment” means with respect to a Lender, such Lender’s Domestic
Revolving Commitment, Ex-Im Revolving Subcommitment or Canadian Revolving Subcommitment, as the
context indicates.

          “Revolving Exposure” means, collectively, the Domestic Revolving Exposure, the Ex-Im
Revolving Exposure and the Canadian Revolving Exposure.

          “Revolving Lender” means, as of any date of determination, a Domestic Revolving
Lender, the Ex-Im Revolving Lender or a Canadian Revolving Lender, as the context indicates; and
“Revolving Lenders” means the Domestic Revolving Lenders, the Ex-Im Revolving Lender and the
Canadian Revolving Lenders, collectively.

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          “Revolving Loan” means a Domestic Revolving Loan, an Ex-Im Revolving Loan or a
Canadian Revolving Loan; and “Revolving Loans” means Domestic Revolving Loans, Ex-Im
Revolving Loans and Canadian Revolving Loans, collectively.

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

          “Sale and Leaseback Transaction” means any sale or other transfer of property by any
Person with the intent to lease such property as lessee.

          “Secured Obligations” means all Obligations, together with all (i) Banking Services
Obligations and (ii) Swap Obligations owing to either Agent or one or more Lenders or their
respective Affiliates; provided that at or prior to the time that any transaction relating
to such Swap Obligation is executed, the Lender party thereto (if other than Chase or Chase Canada)
shall have delivered written notice to the Administrative Agent that such a transaction has been
entered into and that it constitutes a Secured Obligation entitled to the benefits of the
Collateral Documents.

          “Security Agreements” means, individually or collectively, the Domestic Security
Agreement, the Ex-Im Security Agreement and any other pledge or security agreement entered into
after June 30, 2007 by any Loan Party, or any other Person, as the same may be amended, restated or
otherwise modified to date or from time to time hereafter.

          “Settlement” has the meaning assigned to such term in Section 2.05(d).

          “Settlement Date” has the meaning assigned to such term in Section 2.05(d).

          “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.

          “Subordinated Indebtedness” of a Person means any Indebtedness of such Person the
payment of which is subordinated to payment of the Secured Obligations to the written satisfaction
of the Administrative Agent.

          “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.

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          “Subsidiary” means any direct or indirect subsidiary of the Company or a Loan Party,
as applicable.

          “Substantial Portion” means, with respect to the property of the Company and its
Subsidiaries, property which represents more than 10% of the consolidated assets of the Company and
its Subsidiaries or property which is responsible for more than 10% of the consolidated net sales
or of the consolidated net income of the Company and its Subsidiaries, in each case, as would be
shown in the consolidated financial statements of the Company and its Subsidiaries as at the
beginning of the twelve-month period ending with the month in which such determination is made (or
if financial statements have not been delivered hereunder for that month which begins the
twelve-month period, then the financial statements delivered hereunder for the quarter ending
immediately prior to that month).

          “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 Loan Parties shall be a Swap Agreement.

          “Swap Obligations” of a Person means any and all obligations of such Person, whether
absolute or contingent and howsoever and whensoever created, arising, evidenced or acquired
(including all renewals, extensions and modifications thereof and substitutions therefor), under
(a) any and all Swap Agreements, and (b) any and all cancellations, buy backs, reversals,
terminations or assignments of any Swap Agreement transaction.

          “Swingline Exposure” means, at any time, the sum of the aggregate undrawn amount of
all outstanding Swingline Loans 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 the Domestic Swingline Lender or the Canadian Swingline
Lender, as the context indicates; and “Swingline Lenders” means the Domestic Swingline
Lender and the Canadian Swingline Lender, collectively.

          “Swingline Loans” means the Domestic Swingline Loans or the Canadian Swingline Loans,
as the context indicates.

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

          “Tender Offer” means the offer by the Company to purchase all of the Existing Senior
Subordinated Notes not held by an Affiliate of the Company made pursuant to the Offer to Purchase
and Consent Solicitation of Park-Ohio Industries, Inc. dated March 8, 2011, as amended.

          “Transactions” means collectively, (a) the execution, delivery and performance by the
Borrowers of this Agreement and the other Loan Documents, the borrowing of Loans and other Credit
Extensions, the use of the proceeds thereof and the issuance of Letters of Credit hereunder, (b)
the execution, delivery and performance by the Company and certain of the Domestic Loan Parties of
the New Indenture, the New Senior Notes and related agreements, instruments and documents, and the
receipt by the Company of the gross cash proceeds thereof in the amount of at least $250,000,000,
and (c) the closing of the Tender Offer and the related execution, delivery and performance of the
Fifth Supplemental Indenture to the Existing Indenture.

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     “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 (a) to the Adjusted LIBO Rate or the CB Floating Rate in the case of all Loans other than
Canadian Revolving Loans, (b) the Canadian Prime Rate or the CDOR Rate in the case of Canadian
Dollar Loans, or (c) the US Base Rate (Canada) or the Adjusted LIBO Rate in the case of Dollar
Loans that are Canadian Revolving Loans.

     “UCC” means the Uniform Commercial Code as in effect from time to time in the State of
Ohio or any other state the laws of which are required to be applied in connection with the issue
of perfection of security interests.

     “US Base Rate (Canada)” means a fluctuating rate of interest per annum which is equal
at all times to the greatest of: (a) the reference rate of interest (however designated) announced
from time to time by Chase Canada as being its reference rate for determining interest chargeable
by it on US Dollar-denominated commercial loans made in Canada (which rate is not necessarily the
lowest rate charged by Chase Canada to any customer), (b) 0.50% above the Federal Funds Effective
Rate from time to time in effect, and (c) the Adjusted One-Month LIBOR Rate for a month Interest
Period on such day (or if such day is not a Business Day, the immediately preceding Business Day)
plus 1%. Any change in the US Base Rate (Canada) due to a change in the reference rate,
the Federal Funds Effective Rate or the Adjusted One-Month LIBOR Rate shall be effective from and
including the effective date of such change in the reference rate, the Federal Funds Effective Rate
or the Adjusted One-Month LIBOR Rate.

     “USBR”, when used in reference to any Dollar Loan or Dollar Borrowing denominated in
Dollars refers to whether such Loan, or the Loans comprising such Borrowing, are bearing interest
by reference to the US Base Rate (Canada).

     “Unliquidated Obligations” means, at any time, any Secured Obligations (or portion
thereof) that are contingent in nature or unliquidated at such time, including any Secured
Obligation that is: (i) an obligation to reimburse a bank for drawings not yet made under a letter
of credit issued by it; (ii) any other obligation (including any guarantee) that is contingent in
nature at such time; or (iii) an obligation to provide collateral to secure any of the foregoing
types of obligations.

     “Volvo Accounts” means Accounts owing to Supply Technologies LLC by Volvo Trucks North
America LLC, Volvo Parts North America LLC or one or more of their Affiliates who are “Permitted
Obligors” under the Volvo Purchase Agreement.

     “Volvo Purchase Agreement” means the Receivables Purchase Agreement dated November 16,
2007 between Supply Technologies LLC, Viking Asset Purchaser No. 7 IC, any Additional Purchasers
and Citicorp Trustee Company Limited.

     “Volvo Supplier Agreements” means the supplier agreements entered into from time to
time between Supply Technologies LLC and PrimeRevenue, Inc.

     “Wells Fargo” means Wells Fargo Bank, National Association.

     “Wells Fargo Purchase Agreement” means the Accounts Receivable Purchase Agreement
dated July 6, 2010 between Supply Technologies LLC and Wells Fargo.

     “Whirlpool Accounts” means Accounts owing to Supply Technologies LLC by Whirlpool
Corporation or one of its Subsidiaries or Affiliates identified on Schedule 1 to the Wells Fargo
Purchase Agreement, as in effect on July 6, 2010.

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     “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 Class
(e.g., a “Revolving Loan”) or by Type (e.g., a “Eurodollar Loan”) or by Class and
Type (e.g., a “Eurodollar Revolving Loan”). Borrowings also may be classified and referred
to by Class (e.g., a “Revolving Borrowing”) or by Type (e.g., a “Eurodollar
Borrowing”) or by Class and Type (e.g., a “Eurodollar Revolving 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 Representative notifies the Administrative Agent that the Borrowers request an
amendment to any provision hereof to eliminate the effect of any change occurring after the
Effective Date hereof in GAAP or in the application thereof on the operation of such provision (or
if the Administrative Agent notifies the Borrower Representative 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.

ARTICLE II

The Credits

     Section 2.01 Commitments.

     Subject to the terms and conditions set forth herein, the Lenders agree to make Loans to the
Borrowers from time to time as set forth herein:

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     (a) Each Domestic Revolving Lender agrees to make Domestic Revolving Loans to the Company from
time to time during the Availability Period in an aggregate principal amount that will
not result in (i) such Domestic Revolving Lender’s Domestic Revolving Exposure exceeding such
Domestic Revolving Lender’s Domestic Revolving Commitment minus such Domestic Lender’s
Canadian Revolving Exposure and such Domestic Lender’s participation in Ex-Im Revolving Exposure or
(ii) the total Domestic Revolving Exposure exceeding the lesser of (x) the sum of the total
Domestic Revolving Commitments minus the total Canadian Revolving Exposure at such time
minus the total Ex-Im Revolving Exposure; or (y) the Domestic Borrowing Base, subject to
the Administrative Agent’s authority to make Domestic Protective Advances and Domestic Overadvances
pursuant to the terms of Section 2.04 and 2.05. Within the foregoing limits and subject to the
terms and conditions set forth herein, the Company may borrow, prepay and reborrow Domestic
Revolving Loans. Domestic Revolving Loans shall be Dollar Loans. As of the Effective Date, the
outstanding principal balance of the Original Domestic Revolving Loans under the Original Credit
Agreement is $77,900,000.00, all of which shall be deemed to be Domestic Revolving Loans advanced
under this Agreement.

     (b) Each Canadian Revolving Lender agrees to make Canadian Revolving Loans to the Canadian
Borrower from time to time during the Availability Period in an aggregate principal amount that
will not result in (i) such Canadian Revolving Lender’s Canadian Revolving Exposure exceeding such
Canadian Revolving Lender’s Canadian Revolving Subcommitment or (ii) the total Canadian Revolving
Exposure exceeding the least of (x) the sum of the total Canadian Revolving Subcommitments, (y) the
amount by which the total Domestic Revolving Commitments exceeds the sum of the total Domestic
Revolving Exposure, the total Ex-Im Revolving Exposure and (z) the Canadian Borrowing Base, subject
to the Canadian Agent’s authority, as directed by the Administrative Agent, to make Canadian
Protective Advances and Canadian Overadvances pursuant subject to the terms and conditions of
Section 2.04 and 2.05. Within the foregoing limits and subject to the terms and conditions set
forth herein, the Canadian Borrower may borrow, prepay and reborrow Canadian Revolving Loans.
Canadian Revolving Loans shall be advanced in Dollars or Canadian Dollars, at the election of the
Borrower Representative. As of the Effective Date, the outstanding principal balance of the
Original Canadian Revolving Loans under the Original Credit Agreement is $0.00, all of which shall
be deemed to be Canadian Revolving Loans advanced under this Agreement.

     (c) (i) Subject to the terms of the Ex-Im Bank Documents and the Fast Track Loan Agreement,
the Ex-Im Revolving Lender agrees to make Ex-Im Revolving Loans to the Ex-Im Borrowers from time to
time during the Ex-Im Availability Period in an aggregate principal amount that will not result in
(A) the Ex-Im Revolving Lender’s Ex-Im Revolving Exposure exceeding the Ex-Im Revolving Lender’s
Ex-Im Revolving Subcommitment or (ii) the amount by which the total Domestic Revolving Commitments
exceed the sum of the total Canadian Revolving Exposure and the total Domestic Revolving Exposure
and (z) the Export-Related Borrowing Base. Within the foregoing limits and subject to the terms
and conditions set forth herein, the Ex-Im Borrowers may borrow, prepay and reborrow Ex-Im
Revolving Loans. The making of Ex-Im Revolving Loans and the issuance of Ex-Im Letters of Credit
will be governed by the Fast Track Loan Agreement, the Ex-Im Bank Borrower Agreement and this
Agreement; in the event of conflict among the terms of the Fast Track Loan Agreement, the Ex-Im
Bank Borrower Agreement and the terms hereof, the terms of the Ex-Im Bank Borrower Agreement shall
prevail. In no event shall the obligations of the Ex-Im Revolving Lender hereunder, under the Fast
Track Loan Agreement and under the Ex-Im Bank Borrower Agreement be deemed to be distinct
commitments; rather, this Agreement, the Fast Track Loan Agreement and the Ex-Im Bank Borrower
Agreement describe different aspects of the same obligations.

     (i) Upon the making of an Ex-Im Revolving Loan (whether before or after the
occurrence of a Default), each Ex-Im Participant shall be deemed, without further
action by any party hereto, to have unconditionally and irrevocably purchased from
the Ex-Im Revolving Lender, without recourse or warranty, an undivided interest and
participation in such Ex-Im Revolving Loan in proportion to its Applicable
Percentage

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of the Ex-Im Revolving Subcommitments. The Ex-Im Revolving Lender, may,
at any time, but no less frequently than weekly, require the Ex-Im Participants to
fund their participations. From and after the date, if any, on which any Ex-Im
Participant is required to fund its participation in any Ex-Im Revolving Loan purchased
hereunder, the Administrative Agent shall promptly distribute to such Ex-Im
Participant, such Ex-Im Participant’s Applicable Percentage of all payments of
principal and interest and all proceeds of Collateral received by the Administrative
Agent (or the Ex-Im Revolving Lender) in respect of such Loan. Each Ex-Im
Participant’s obligation to purchase such a participation interest shall be absolute
and unconditional and shall not be affected by any circumstance, including (A) any
setoff, counterclaim, recoupment, defense or other right that such Ex-Im Participant
may have against the Ex-Im Revolving Lender, any Ex-Im Borrower or any other Person
for any reason whatsoever; (B) the occurrence or continuance of any Default; (C) the
inability of the Ex-Im Borrowers to satisfy the conditions precedent to borrowing
set forth herein or in the Fast Track Loan Agreement at anytime or (D) any other
circumstance, happening or event whatsoever.

     Section 2.02 Loans and Borrowings.

     (a) Each Loan (other than a Swingline Loan) shall be made as part of a Borrowing consisting of
Loans of the same Class and Type made by the applicable Lenders ratably in accordance with their
respective Commitments or subcommitments of the applicable Class. Any Protective Advance, any
Overadvance and any Swingline Loan shall be made in accordance with the procedures set forth in
Section 2.04 and 2.05.

     (b) Subject to Section 2.14, and to compliance with the procedures described in Section 2.03,
each Domestic Revolving Borrowing and Ex-Im Borrowing shall be comprised entirely of CBFR Loans or
Eurodollar Loans as the Borrower Representative may request in accordance herewith,
provided that all such Borrowings made on the Effective Date must be made as CBFR
Borrowings but may be converted into Eurodollar Borrowings in accordance with Section 2.08.
Subject to Section 2.14, each Canadian Revolving Borrowing that is a Canadian Dollar Loan shall be
comprised entirely of CP Loans or CDOR Rate Loans as the Borrower Representative may request in
accordance herewith, provided that all such Borrowings made on the Effective Date must be
made as CP Borrowings but may be converted into CDOR Rate Borrowings in accordance with Section
2.08. Subject to Section 2.14, each Canadian Revolving Borrowing that is a Dollar Loan shall be
comprised entirely of USBR Loans or Eurodollar Loans as the Borrower Representative may request in
accordance herewith, provided that all such Borrowing made on the Effective Date must be
made as USBR Borrowings but may be converted into Eurodollar Borrowings in accordance with Section
2.08. Each Domestic Swingline Loan shall be a CBFR Loan and each Canadian Swingline Loan shall be
a CP Loan or a USBR 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 Loan; provided that any
exercise of such option shall not affect the obligation of the applicable Borrower to repay such
Loan in accordance with the terms of this Agreement.

     (c) At the commencement of each Interest Period for any Eurodollar Borrowing other than a
Eurodollar Canadian 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 commencement of each Interest
Period for any Eurodollar Canadian Revolving Borrowing, such Borrowing shall be in an aggregate
amount that is an integral multiple of $100,000 and not less than $100,000. At the commencement of
each Interest Period for any CDOR Rate Revolving Borrowing, such Borrowing shall be in an aggregate
amount that is an integral multiple of Cdn $100,000 and not less than Cdn $100,000. CBFR
Borrowings, CP Borrowings and USBR Borrowings may be in any amount. Borrowings of more than one
Type and Class may be outstanding at the same time; provided that there shall not at any
time be more than a total of (a) 10 different Eurodollar Domestic Revolving Borrowings outstanding or (b) 3

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different Eurodollar Canadian Revolving Borrowings and CDOR Revolving Borrowings
outstanding (in the aggregate).

     (d) As of the Effective Date, certain Eurodollar Loans and CDOR Rate Loans (as each is defined
in the Original Credit Agreement) are in existence under the Original Credit Agreement.
The parties agree that effective on the Effective Date, such Eurodollar Loans and CDOR Rate
Loans shall be converted into Eurodollar Revolving Borrowings and CDOR Revolving Borrowings,
respectively hereunder in the same amounts and with the same Interest Periods, but subject to
adjustment to the Applicable Rates in effect hereunder.

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

     Section 2.03 Requests for Borrowings.

     (a) To request a Domestic Revolving Borrowing or Ex-Im Borrowing, the Borrower Representative
shall notify the Administrative Agent of such request either in writing (delivered by hand or
facsimile) in a form approved by the Administrative Agent and signed by the Borrower Representative
or by telephone (a) in the case of a Eurodollar Borrowing not later than 10:00 a.m., Chicago time,
three Business Days before the date of the proposed Borrowing or (b) in the case of a CBFR
Borrowing not later than noon, Chicago time, on the date of the proposed Borrowing;
provided that any such notice of a CBFR Revolving Borrowing to finance the reimbursement of
an LC Disbursement as contemplated by Section 2.06(e) must be given not later than 9:00 a.m.,
Chicago 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 facsimile to the Administrative
Agent of a written Borrowing Request in a form approved by the Administrative Agent and signed by
the Borrower Representative. Each such telephonic and written Borrowing Request shall specify the
following information in compliance with Section 2.01:

     (i) the aggregate amount of the requested Borrowing and a breakdown of the
separate wires comprising such 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) whether such Borrowing is to be a Domestic Revolving Borrowing or an Ex-Im
Borrowing;

     (v) the identity of the applicable Borrower; and

     (vi) 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.”

If no election as to the Type of Domestic Revolving Borrowing or Ex-Im Borrowing is specified, then
the requested Borrowing shall be a CBFR Borrowing. If no Interest Period is specified with respect
to any requested Eurodollar Borrowing, then the applicable 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 Domestic
Revolving Lender or

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the Ex-Im Revolving Lender, as applicable, of the details thereof and of the
amount of such Lender’s Loan to be made as part of the requested Borrowing.

     (b) To request a Canadian Revolving Borrowing, the Borrower Representative shall notify the
Administrative Agent and the Canadian Agent of such request either in writing (delivered by hand or
facsimile) in a form approved by the Administrative Agent and signed by the Borrower Representative
or by telephone (a) in the case of a CDOR Rate Borrowing or a Eurodollar Borrowing, not
later than 11:00 a.m., Toronto time, three Business Days before the date of the proposed
Borrowing or (b) in the case of a CP Borrowing or a USBR Borrowing, not later than 11:00 a.m.,
Toronto time, on the date of the proposed Borrowing; provided that any such notice of a CP
Revolving Borrowing or a USBR Borrowing to finance the reimbursement of a Canadian LC Disbursement
as contemplated by Section 2.06(e) must be given not later than 10:00 a.m., Toronto 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 facsimile to the Administrative Agent of a written
Borrowing Request in a form approved by the Administrative Agent and signed by the Borrower
Representative. Each such telephonic and written Borrowing Request shall specify the following
information in compliance with Section 2.01:

     (i) the aggregate amount of the requested Borrowing and a breakdown of the
separate wires comprising such Borrowing;

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

     (iii) whether such Borrowing is to be denominated in Canadian Dollars or
Dollars;

     (iv) whether such Borrowing is to be a CP Borrowing, a USBR Borrowing, a CDOR
Rate Borrowing or a Eurodollar Borrowing; and

     (v) in the case of a CDOR Rate Borrowing or 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.”

If no election as to the Type of Canadian Revolving Borrowing is specified, then the requested
Borrowing shall be a CP Borrowing or a USBR Borrowing. If no Interest Period is specified with
respect to any requested CDOR Rate Borrowing or Eurodollar Borrowing, then the Canadian Borrower
shall be deemed to have selected an Interest Period of one month’s (or 30 days’ in the case of a
CDOR Rate Borrowing) duration. Promptly following receipt of a Borrowing Request in accordance
with this Section, the Administrative Agent shall advise each Canadian Revolving 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 Protective Advances.

     (a) Subject to the limitations set forth below, the Administrative Agent is authorized by the
Company, the Canadian Borrower and the Lenders, from time to time in the Administrative Agent’s
sole discretion (but shall have absolutely no obligation to), to make Domestic Revolving Loans to
the Company, on behalf of all Domestic Revolving Lenders, or direct the Canadian Agent to make
Canadian Revolving Loans to the Canadian Borrower, on behalf of all Canadian Revolving Lenders,
which the Administrative Agent, in its Permitted Discretion, deems necessary or desirable (i) to
preserve or protect the Collateral, or any portion thereof, (ii) to enhance the likelihood of, or
maximize the amount of, repayment of the Loans and other Obligations, or (iii) to pay any other
amount chargeable to or required to be paid by such Borrower pursuant to the terms of this
Agreement, including payments of reimbursable expenses (including costs, fees, and expenses as
described in Section 9.03) and other sums

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payable under the Loan Documents (any of such Loans to
the Company are herein referred to as “Domestic Protective Advances” and any of such Loans
to the Canadian Borrower are hereafter referred to as “Canadian Protective Advances”);
provided that, the aggregate amount of Protective Advances outstanding at any time shall
not at any time exceed the Dollar Equivalent of $10,000,000; provided further that, (A) the
Dollar Equivalent of the aggregate amount of outstanding Protective Advances plus the
Dollar Equivalent of the aggregate Revolving Exposure shall not exceed the aggregate Revolving
Commitments, (B) the aggregate amount of outstanding Domestic Protective Advances plus the
aggregate Domestic Revolving Exposure shall not exceed the aggregate Domestic Revolving Commitment
minus the aggregate Ex-Im Exposure and minus the Dollar Equivalent of the aggregate
Canadian Revolving
Exposure, (C) the Dollar Equivalent of the aggregate amount of outstanding Canadian Protective
Advances plus the Dollar Equivalent of the aggregate Canadian Revolving Exposure shall not
exceed the aggregate Canadian Revolving Commitment and (D) no Lender’s Credit Exposure shall exceed
such Lender’s aggregate Commitment. Protective Advances may be made even if the conditions
precedent set forth in Section 4.02 (other than clause (c) thereof) have not been satisfied. The
Protective Advances shall be secured by the Liens in favor of the Agents in and to the Collateral
as otherwise provided herein and shall constitute Obligations hereunder. All Canadian Protective
Advances shall be CP Borrowings or USBR Borrowings and all Domestic Protective Advances shall be
CBFR Borrowings. The Administrative Agent’s authorization to make Domestic Protective Advances and
to direct the Canadian Agent to make Canadian Protective Advances may be revoked at any time by the
Required Lenders. Any such revocation must be in writing and shall become effective prospectively
upon the Administrative Agent’s receipt thereof. At any time that there is sufficient Domestic
Availability and the conditions precedent set forth in Section 4.02 have been satisfied, the
Administrative Agent may request the Domestic Revolving Lenders to make a Domestic Revolving Loan
to repay a Domestic Protective Advance. At any time that there is sufficient Canadian Availability
and the conditions precedent set forth in Section 4.02 have been satisfied, the Administrative
Agent may request the Canadian Revolving Lenders to make a Canadian Revolving Loan to repay a
Canadian Protective Advance. At any other time the Administrative Agent may require the Lenders to
fund their risk participations described in Section 2.04(b).

     (b) Upon the making of a Domestic Protective Advance by the Administrative Agent (whether
before or after the occurrence of a Default) to the Company, each Domestic Revolving Lender shall
be deemed, without further action by any party hereto, to have unconditionally and irrevocably
purchased from the Administrative Agent without recourse or warranty, an undivided interest and
participation in such Domestic Protective Advance in proportion to its Applicable Percentage of the
Domestic Revolving Exposure. Upon the making of a Canadian Protective Advance by the Canadian
Agent (whether before or after the occurrence of a Default) to the Canadian Borrower, each Canadian
Revolving Lender shall be deemed, without further action by any party hereto, to have
unconditionally and irrevocably purchased from the Canadian Agent without recourse or warranty, an
undivided interest and participation in such Canadian Protective Advance in proportion to its
Applicable Percentage of the Canadian Revolving Exposure. From and after the date, if any, on
which any Lender is required to fund its participation in any Protective Advance purchased
hereunder, the applicable Agent shall promptly distribute to such Lender, such Lender’s Applicable
Percentage of all payments of principal and interest and all proceeds of Collateral received by
such Agent in respect of such Protective Advance.

     Section 2.05 Swingline Loans and Overadvances; Settlement of Ex-Im Revolving
Loans.

     (a) The Agents, the Swingline Lenders and the Revolving Lenders agree that in order to
facilitate the administration of this Agreement and the other Loan Documents, promptly after the
Borrower Representative requests a CBFR Domestic Revolving Borrowing, a CP Canadian Revolving
Borrowing or a USBR Canadian Revolving Borrowing the applicable Swingline Lender may elect to have
the terms of this Section 2.05(a) apply to such Borrowing Request by advancing, on behalf of the
applicable Revolving Lenders and in the amount requested, same day funds to the applicable
Borrower,

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on the applicable Borrowing date to the Funding Account(s) (each such Loan made solely by
the Domestic Swingline Lender to the Company pursuant to this Section 2.05(a) is referred to in
this Agreement as a “Domestic Swingline Loan” and each such Loan made solely by the
Canadian Swingline Lender to the Canadian Borrower pursuant to this Section 2.05(a) is referred to
in this Agreement as a “Canadian Swingline Loan”), with settlement among them as to the
Swingline Loans to take place on a periodic basis as set forth in Section 2.05(d). Each Swingline
Loan shall be subject to all the terms and conditions applicable to other CBFR Loans, CP Loans or
USBR Loans, as applicable, funded by the applicable Revolving Lenders, except that all payments
thereon shall be payable to the applicable Swingline Lender solely for its own account. In
addition, the Borrowers hereby authorize the Domestic Swingline Lender and the Canadian Swingline
Lender to, and each such Swingline Lender shall, subject
to the terms and conditions set forth herein (but without any further written notice
required), not later than 1:00 p.m., Chicago time, on each Business Day, make available to the
applicable Borrower by means of a credit to the applicable Funding Account(s), the proceeds of a
Domestic Swingline Loan or a Canadian Swingline Loan, as applicable, to the extent necessary to pay
items to be drawn on any Controlled Disbursement Account that day (as determined based on notice
from the Administrative Agent). The aggregate amount of Domestic Swingline Loans outstanding at
any time shall not exceed $15,000,000 and the aggregate amount of Canadian Swingline Loans
outstanding at any time shall not exceed the Dollar Equivalent of $1,000,000. The Domestic
Swingline Lender shall not make any Domestic Swingline Loan if the requested Domestic Swingline
Loan exceeds Domestic Availability (before giving effect to such Domestic Swingline Loan). All
Domestic Swingline Loans shall be CBFR Borrowings. The Canadian Swingline Lender shall not make
any Canadian Swingline Loans if the requested Canadian Swingline Loan exceeds Canadian Availability
(before giving effect to such Canadian Swingline Loan). All Canadian Swingline Loans shall be CP
Borrowings or USBR Borrowings.

     (b) Any provision of this Agreement to the contrary notwithstanding, (i) at the request of the
Borrower Representative, the Administrative Agent may in its sole discretion (but with absolutely
no obligation), make Domestic Revolving Loans to the Company, on behalf of the Domestic Lenders, in
amounts that exceed Domestic Availability (any such excess Domestic Revolving Loans are herein
referred to collectively as “Domestic Overadvances”) and (ii) at the request of the
Borrower Representative, the Administrative Agent may in its sole discretion (but with absolutely
no obligation) direct the Canadian Agent to make Canadian Revolving Loans to the Canadian Borrower,
on behalf of the Canadian Lenders, in amounts that exceed Canadian Availability (any such excess
Canadian Revolving Loans are herein referred to collectively as “Canadian Overadvances”;
provided that, no Overadvance shall result in a Default due to the applicable Borrower’s
failure to comply with Section 2.01 for so long as such Overadvance remains outstanding in
accordance with the terms of this paragraph, but solely with respect to the amount of such
Overadvance. In addition, Overadvances may be made even if the applicable condition precedents set
forth in Section 4.02(c) and 4.03(a) has not been satisfied. All Domestic Overadvances shall
constitute CBFR Borrowings and all Canadian Overadvances shall constitute CP Borrowings or USBR
Borrowings. The authority of the Administrative Agent to make Domestic Overadvances is limited to
an aggregate amount not to exceed $10,000,000 at any time and the authority of the Canadian Agent
to make Canadian Overadvances is limited to an aggregate amount not to exceed the Dollar Equivalent
of $500,000 at any time. No Overadvance may remain outstanding for more than 60 days (which need
not be consecutive) in any 120 day period, no Overadvance shall cause any Domestic Revolving
Lender’s Domestic Revolving Exposure to exceed its Domestic Revolving Commitment and no Overadvance
shall cause any Canadian Revolving Lender’s Revolving Exposure to exceed its Canadian Revolving
Commitment; provided that, the Required Lenders may at any time revoke the Administrative
Agent’s authorization to make Domestic Overadvances and to direct the Canadian Agent to make
Canadian Overadvances. Any such revocation must be in writing and shall become effective
prospectively upon the Administrative Agent’s receipt thereof.

     (c) Upon the making of a Domestic Swingline Loan or Domestic Overadvance (whether before or
after the occurrence of a Default and regardless of whether a Settlement has been requested with
respect to such Domestic Swingline Loan or Domestic Overadvance), each Domestic

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Revolving Lender
shall be deemed, without further action by any party hereto, to have unconditionally and
irrevocably purchased from the Domestic Swingline Lender or the Administrative Agent, as the case
may be, without recourse or warranty, an undivided interest and participation in such Domestic
Swingline Loan or Overadvance in proportion to its Applicable Percentage of the Domestic Revolving
Commitment. Upon the making of a Canadian Swingline Loan or Canadian Overadvance (whether before
or after the occurrence of a Default and regardless of whether a Settlement has been requested with
respect to such Canadian Swingline Loan or Canadian Overadvance), each Canadian Revolving Lender
shall be deemed, without further action by any party hereto, to have unconditionally and
irrevocably purchased from the Canadian Swingline Lender or the Canadian Agent, as the case may be,
without recourse or warranty, an undivided interest and participation in such Canadian Swingline
Loan or Overadvance in proportion to its Applicable Percentage of the Canadian Revolving
Subcommitment. The applicable Swingline Lender or
Agent, as applicable, may, at any time, require the applicable Revolving Lenders to fund their
participations. From and after the date, if any, on which any Revolving Lender is required to fund
its participation in any Swingline Loan or Overadvance purchased hereunder, the applicable Agent
shall promptly distribute to such Lender, such Lender’s Applicable Percentage of all payments of
principal and interest and all proceeds of Collateral received by such Agent in respect of such
Loan.

     (d) The Administrative Agent, on behalf of each Swingline Lender, shall request settlement (a
“Settlement”) with the applicable Revolving Lenders on at least a weekly basis or on any
date that the Administrative Agent elects, by notifying the applicable Revolving Lenders of such
requested Settlement by facsimile, telephone, or e-mail no later than noon, Chicago time on the
date of such requested Settlement (the “Settlement Date”). Each applicable Revolving
Lender (other than the applicable Swingline Lender, in the case of Swingline Loans) shall transfer
the amount of such Revolving Lender’s Applicable Percentage of the outstanding principal amount of
the applicable Loan with respect to which Settlement is requested to the Administrative Agent, to
such account of the Administrative Agent as the Administrative Agent may designate, not later than
2:00 p.m., Chicago time, on such Settlement Date. Settlements may occur during the existence of a
Default and whether or not the applicable conditions precedent set forth in Article IV have then
been satisfied. Such amounts transferred to the Administrative Agent shall be applied against the
amounts of the applicable Swingline Lender’s Swingline Loans and, together with such Swingline
Lender’s Applicable Percentage of such Swingline Loan, shall constitute Revolving Loans of such
Revolving Lenders, respectively. If any such amount is not transferred to the Administrative Agent
by any Revolving Lender on such Settlement Date, the applicable Swingline Lender shall be entitled
to recover such amount on demand from such Lender together with interest thereon as specified in
Section 2.07.

     (e) Promptly after the delivery of each Ex-Im Borrowing Base Certificate hereunder during the
Ex-Im Availability Period, the Administrative Agent will adjust the outstanding balances of the
Ex-Im Revolving Loans and the Domestic Revolving Loans so that the outstanding Ex-Im Revolving
Exposure is not in excess of the limitations and sublimits contained in Section 2.01(c) hereof. To
the extent necessary, (i) the Domestic Swingline Lender will make Domestic Swingline Loans to the
Company to enable the Company to make any payments in respect of the Ex-Im Revolving Loans required
by the immediately preceding sentence or (ii) existing Domestic Revolving Loans shall be
reallocated to the Ex-Im Revolving Loan balance if and to the extent that there exists excess Ex-Im
Availability at such time.

     Section 2.06 Letters of Credit.

     (a) General. Subject to the terms and conditions set forth herein, the Borrower
Representative may request the issuance of Letters of Credit for the account of an applicable
Borrower, in a form reasonably acceptable to the Administrative Agent and the applicable Issuing
Bank, at any time and from time to time during the Availability Period (with respect to Domestic
Letters of Credit and Canadian Letters of Credit) or the Ex-Im Availability Period (with respect to
Ex-Im Letters of Credit). In the event of any inconsistency between the terms and
conditions of
this Agreement and the terms and

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conditions of any form of letter of credit application or other
agreement submitted by any Borrower to, or entered into by any Borrower with, the applicable
Issuing Bank relating to any Letter of Credit, the terms and conditions of this Agreement shall
control. As of the Effective Date, certain Letters of Credit (as defined in the Original Credit
Agreement) are outstanding under the Original Credit Agreement, as set forth on Schedule 2.1.2.
The parties agree that on the Effective Date, such Letters of Credit shall be deemed for all
purposes to be Domestic Letters of Credit issued under this Agreement.

     (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 Representative shall hand deliver or facsimile (or transmit by electronic
communication, if arrangements for doing so have been approved by the applicable Issuing Bank) to
the applicable Issuing Bank and the Administrative Agent (prior to 10:00 am, Chicago time, at least
three
Business Days prior to 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, specifying whether such Letter of Credit is a Domestic Letter of
Credit, a Canadian Letter of Credit or an Ex-Im Letter of Credit 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
(in Dollars or Canadian Dollars, as applicable) of such Letter of Credit, the name and address of
the beneficiary thereof, the applicable Borrower in respect thereof and such other information as
shall be necessary to prepare, amend, renew or extend such Letter of Credit. If requested by the
applicable Issuing Bank, the applicable Borrower also shall submit a letter of credit application
on such Issuing Bank’s standard form in connection with any request for a Letter of Credit. 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 Borrowers shall be deemed to represent
and warrant that), after giving effect to such issuance, amendment, renewal or extension (i)
neither the Aggregate LC Exposure nor the Domestic LC Exposure shall exceed $40,000,000, consisting
of not more than $38,000,000 of LC Exposure relating to standby Letters of Credit and not more than
$2,000,000 of LC Exposure relating to commercial Letters of Credit, (ii) the Canadian LC Exposure
shall not exceed the Dollar Equivalent of $1,000,000, (iii) the Ex-Im LC Exposure shall not exceed
$25,000,000, (iv) there is positive Domestic Availability, Canadian Availability or Ex-Im
Availability, as applicable and (v) there is positive Aggregate Availability. All Domestic Letters
of Credit and Ex-Im Letters of Credit shall be issued in Dollars. Canadian Letters of Credit shall
be issued in Canadian Dollars or Dollars at the election of the Borrower Representative.

     (c) Expiration Date. Each Letter of Credit shall expire within one year after the
scheduled Maturity Date; provided, that in the case of Letters of Credit issued on
automatic renewal terms, such Letters of Credit shall not be renewed with expiry dates more than
one year following the scheduled Maturity Date.

     (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
applicable Issuing Bank or the applicable Revolving Lenders, the applicable Issuing Bank hereby
grants to each applicable Revolving Lender, and each such Revolving Lender hereby acquires from
such Issuing Bank, a participation in such Letter of Credit equal to such Revolving 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 applicable Revolving Lender hereby
absolutely and unconditionally agrees to pay to the Administrative Agent, for the account of the
applicable Issuing Bank, such Revolving Lender’s Applicable Percentage of each applicable LC
Disbursement made by such Issuing Bank and not reimbursed by the applicable Borrower on the date
due as provided in paragraph (e) of this Section, or of any reimbursement payment required to be
refunded to such Borrower for any reason. Each Revolving 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

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

     (f) Obligations Absolute. Each Borrowers’ 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
applicable 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, any Borrower’s obligations hereunder. Neither either Agent, the Revolving Lenders
nor any 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 applicable Issuing
Bank; provided that the foregoing shall not be construed to excuse such Issuing Bank from
liability to the applicable Borrower to

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the extent of any direct damages (as opposed to
consequential damages, claims in respect of which are hereby waived by the Borrowers to the extent
permitted by applicable law) suffered by such Borrower that are caused by such 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 gross negligence or willful misconduct on the part of the applicable Issuing Bank (as
finally determined by a court of competent jurisdiction), such 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 applicable
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 applicable Issuing Bank shall, promptly following
its receipt thereof, examine all documents purporting to represent a demand for payment under a
Letter of Credit. Such Issuing Bank shall promptly notify the Administrative Agent and the
applicable Borrower by telephone (confirmed by facsimile) of such demand for payment and whether
such 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 such Borrower of its obligation to
reimburse such Issuing Bank and the applicable Revolving Lenders with respect to any such LC
Disbursement.

     (h) Interim Interest. If an Issuing Bank shall make any LC Disbursement, then, unless
the applicable 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 such Borrower
reimburses such LC Disbursement, at the rate per annum then applicable to CBFR Domestic Revolving
Loans, CBFR Ex-Im Revolving Loans, CP Canadian Revolving Loans or USBR Canadian Revolving Loans, as
applicable; provided that, if the applicable 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 applicable Issuing
Bank, except that interest accrued on and after the date of payment by any Revolving Lender
pursuant to paragraph (e) of this Section to reimburse such Issuing Bank shall be for the account
of such Lender to the extent of such payment.

     (i) Replacement of an Issuing Bank. Any Issuing Bank may be replaced at any time by
written agreement among the Borrower Representative, the Administrative Agent, the replaced Issuing
Bank and the successor Issuing Bank. The Administrative Agent shall notify the applicable
Revolving Lenders of any such replacement of any Issuing Bank. At the time any such replacement
shall become effective, the applicable 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 such
Issuing Bank under this Agreement with respect to the applicable 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 Representative receives notice from the Administrative Agent or
the Required Lenders demanding the deposit of cash collateral pursuant to this paragraph, or at
maturity of the Loans, the Company shall deposit in an account with the Administrative Agent, in
the name of the

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Administrative Agent and for the benefit of the Domestic Revolving Lenders (the
“Domestic LC Collateral Account”), an amount in cash equal to 105% of the Domestic LC
Exposure as of such date plus accrued and unpaid interest thereon, the Company shall
deposit in an account with the Ex-Im Revolving Lender, in the name of the Ex-Im Revolving Lender
and for the benefit of the Ex-Im Revolving Lender (the “Ex-Im LC Collateral Account”), an
amount in cash equal to 105% of the Ex-Im LC Exposure as of such date plus accrued and
unpaid interest thereon and/or the Canadian Borrower shall deposit in an account with the Canadian
Agent, in the name of the Canadian Agent and for the benefit of the Canadian Revolving Lenders (the
“Canadian LC Collateral Account”), an amount in cash equal to 105% of the Dollar Equivalent
of the Canadian LC Exposure as of such date plus 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 any Borrower
described in clause (h) or (i) of Article VII. Such deposit shall be held by the applicable Agent
as collateral for the payment and performance of the applicable Secured Obligations. The
applicable Agent shall have exclusive dominion and control, including the exclusive right of
withdrawal, over such account. The Company hereby grants the
Administrative Agent a security interest in the Domestic LC Collateral Account, each Ex-Im
Borrower hereby grants the Ex-Im Revolving Lender a security interest in the Ex-Im LC Collateral
Account and the Canadian Borrower hereby grants the Canadian Agent a security interest in the
Canadian LC Collateral 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 applicable Agent or the
Ex-Im Revolving Lender, as applicable, and at the applicable Borrower’s risk and expense, such
deposits shall not bear interest. Interest or profits, if any, on such investments shall
accumulate in such account. Moneys in such account shall be applied by the applicable Agent or the
Ex-Im Revolving Lender, as applicable, to reimburse the applicable 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 applicable Borrower for the applicable
LC Exposure at such time, be applied to satisfy other applicable Secured Obligations. If the
Borrowers are 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 applicable Borrower within three Business Days after all applicable Events of
Default have been cured or waived.

     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 12:00 p.m., Chicago time, to the account of the
applicable Agent most recently designated by it for such purpose by notice to the applicable
Lenders in an amount equal to such Lender’s Applicable Percentage; provided that, Swingline
Loans shall be made as provided in Section 2.05. The applicable Agent or the Ex-Im Revolving
Lender, as applicable, will make such Loans available to the applicable Borrower Representative by
promptly crediting the amounts so received, in like funds, to the Funding Account(s);
provided that CBFR Revolving Loans, CP Revolving Loans and USBR Revolving Loans made to
finance the reimbursement of (i) an LC Disbursement as provided in Section 2.06(e) shall be
remitted by the applicable Agent or the Ex-Im Revolving Lender, as applicable, to the applicable
Issuing Bank and (ii) a Protective Advance or an Overadvance shall be retained by the applicable
Agent.

     (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 applicable Agent
such Lender’s share of such Borrowing, the Agents 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 applicable Borrower a corresponding amount. In such event,
if a Lender has not in fact made its share of the applicable Borrowing available to the applicable
Agent, then such Lender and the applicable Borrower severally agree to pay to such Agent forthwith
on demand such corresponding amount with interest thereon, for each day from and including the date
such amount is

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made available to such Borrower to but excluding the date of payment to such Agent,
at (i) in the case of such Lender, the greater of either the Federal Funds Effective Rate (in the
case of Dollar-denominated amounts) or the Canadian Agent’s cost of funds (in the case of Canadian
Dollar-denominated amounts) and a rate determined by such Agent in accordance with banking industry
rules on interbank compensation or (ii) in the case of the Borrowers, the interest rate applicable
to CBFR Revolving Loans or USBR Revolving Loans, as applicable (in the case of Dollar-denominated
amounts) or CP Revolving Loans (in the case of Canadian Dollar-denominated amounts). If such
Lender pays such amount to such Agent, then such amount shall constitute such Lender’s Loan
included in such Borrowing.

     Section 2.08 Interest Elections.

     (a) Each Revolving Borrowing initially shall be of the Type specified in the applicable
Borrowing Request and, in the case of a CDOR Rate Borrowing or a Eurodollar Borrowing, shall have
an initial Interest Period as specified in such Borrowing Request. Thereafter, the Borrower
Representative may elect to convert such Borrowing to a different Type or to continue such
Borrowing and, in the case of a CDOR Rate Borrowing or a Eurodollar Borrowing, may elect Interest
Periods
therefor, all as provided in this Section. The Borrower Representative 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, Overadvances or Protective Advances, which may not be
converted or continued.

     (b) To make an election pursuant to this Section, the Borrower Representative 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 a Borrower was 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 facsimile to the Administrative Agent of a written Interest Election Request in a form
approved by the Administrative Agent and signed by the Borrower Representative.

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

     (i) the Borrower and 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, if it is in Dollars, is to be an CBFR
Borrowing, a USBR Borrowing or a Eurodollar Borrowing, or, if it is in Canadian
Dollars, if it is to be a CP Borrowing or a CDOR Rate Borrowing; and

     (iv) if the resulting Borrowing is a CDOR Rate Borrowing or 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 CDOR Rate Borrowing or a Eurodollar Borrowing but
does not specify an Interest Period, then the Borrower Representative shall be deemed to have
selected an

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Interest Period of 30 days’ duration for a CDOR Rate Borrowing or of one month’s
duration for a Eurodollar Borrowing.

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

     (e) If the Borrower Representative 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 an CBFR Borrowing or USBR Borrowing, as applicable.
Notwithstanding any contrary provision hereof, if a Default has occurred and is continuing and the
Administrative Agent, at the request of the Required Lenders, so notifies the Borrower
Representative, then, so long as a Default is continuing (i) no outstanding CBFR Borrowing or USBR
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 or USBR Borrowing, as applicable, of
the same Class at the end of the Interest Period applicable thereto.

     (f) If the Borrower Representative fails to deliver a timely Interest Election Request with
respect to a CDOR Rate 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 CP Borrowing. Notwithstanding any contrary provision hereof, if
a CP Default has occurred and is continuing and the Canadian Agent, at the request of the Required
Lenders, so notifies the Borrower Representative, then, so long as a Default is continuing (i) no
outstanding CP Borrowing may be converted to or continued as a CDOR Rate Borrowing and (ii) unless
repaid, each CDOR Rate Borrowing shall be converted to a CP Borrowing of the same Class at the end
of the Interest Period applicable thereto.

     Section 2.09 Termination of Commitments; Increase in Revolving Commitments.

     (a) Unless previously terminated, (i) the Ex-Im Revolving Subcommitments shall terminate on
the Commitment Termination Date (as defined in the Fast Track Loan Agreement), and (ii) all other
Commitments shall terminate on the Maturity Date.

     (b) The Borrowers may at any time terminate the Commitments (including the Commitments under
the Fast Track Loan Agreement) upon (i) at least five Business Days’ prior notice thereof to the
Administrative Agent, (ii) the payment in full of all outstanding Loans, together with accrued and
unpaid interest thereon and on any Letters of Credit, (iii) the cancellation and return of all
outstanding Letters of Credit (or alternatively, with respect to each such Letter of Credit, the
furnishing to the applicable Agent of a cash deposit (or at the discretion of such Agent a back up
standby letter of credit satisfactory to the Administrative Agent) equal to 105% of the applicable
LC Exposure as of such date), (iv) the payment in full of the accrued and unpaid fees, and (v) the
payment in full of all reimbursable expenses and other Obligations together with accrued and unpaid
interest thereon.

     (c) The Borrower Representative shall notify the Administrative Agent of any election to
terminate the Commitments under paragraph (b) of this Section at least five Business Days prior to
the effective date of such termination, 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 Representative pursuant to this Section
shall be irrevocable; provided that a notice of termination of the Commitments delivered by
the Borrower Representative 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 Representative
(by notice to the Administrative

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Agent on or prior to the specified effective date) if such
condition is not satisfied. Any termination of the Commitments shall be permanent.

     (d) The Borrower Representative shall have the right to increase the aggregate Domestic
Revolving Commitment (with a corresponding increase in the total Commitments) by obtaining
additional Domestic Revolving Commitments, either from one or more of the Lenders or other lending
institutions provided that (i) any such request for an increase shall be in a minimum amount of
$5,000,000 and in multiples of $1,000,000 in excess thereof, (ii) the aggregate amount of all such
increases during the term of this Agreement shall not exceed $50,000,000, (iii) the Borrower
Representative, on behalf of the Borrowers, may make a maximum of two such requests, (iv) the
Administrative Agent has approved the identity of any such new Lender, such approval not to be
unreasonably withheld, (v) any such new Lender assumes all of the rights and obligations of a
“Lender” hereunder, and (vi) the procedure described in Section 2.09(e) has been satisfied.

     (e) Any amendment hereto for such an increase or addition shall be in form and substance
satisfactory to the Administrative Agent and shall only require the written signatures of the
Administrative Agent, the Borrowers and the Lender(s) being added or increasing their Domestic
Revolving Commitment, subject only to the approval of all Lenders if any such increase would cause
the aggregate Domestic Revolving Commitments to exceed $250,000,000. As conditions precedent to
such an increase, (I) the Borrower Representative shall deliver to the Administrative Agent a
certificate of each
Loan Party (in sufficient copies for each Lender) signed by an authorized officer of such Loan
Party (i) certifying and attaching the resolutions adopted by such Loan Party approving or
consenting to such increase, and (ii) in the case of each Borrower, certifying that, before and
after giving effect to such increase, (A) the representations and warranties contained in Article
III and the other Loan Documents are true and correct, except to the extent that such
representations and warranties specifically refer to an earlier date, in which case they are true
and correct as of such earlier date, and (B) no Default exists, (II) the conditions precedent to
any Credit Extension set forth in Article IV shall be satisfied as of the date of such increase,
both before and after giving effect to such increase (including without limitation that such
increase or addition would be permitted under the New Indenture), (III) each Lender providing an
additional or increased Domestic Revolving Commitment shall have received all fees and the
Administrative Agent shall have received all fees and expenses (and any respective attorneys fees),
in each case due and payable to such Person on or before the effectiveness of such increase and
(IV) the Administrative Agent shall have received such other agreements, documents and instruments
as the Administrative Agent may request, in form and substance satisfactory to the Administrative
Agent.

     (f) Within a reasonable time after the effective date of any increase, the Administrative
Agent shall, and is hereby authorized and directed to, revise the Commitment Schedule to reflect
such increase and shall distribute such revised Commitment Schedule to each of the Lenders and the
Borrowers, whereupon such revised Commitment Schedule shall replace the old Commitment Schedule and
become part of this Agreement. On the Business Day following any such increase, all outstanding
CBFR Borrowings shall be reallocated among the Lenders (including any newly added Lenders) in
accordance with the Lenders’ respective revised Applicable Percentages. Eurodollar Borrowings
shall be reallocated among the Lenders by the purchase of participations, which shall be trued up
upon the expiration of the applicable Interest Period in effect at the time of any such increase.

     Section 2.10 Repayment and Amortization of Loans; Evidence of Debt.

     (a) The Company hereby unconditionally promises to pay to the Administrative Agent (i) for the
account of each Domestic Revolving Lender the then unpaid principal amount of each Domestic
Revolving Loan on the Maturity Date, (ii) the then unpaid amount of each Domestic Protective
Advance on the earlier of the Maturity Date and demand by the Administrative Agent, and (iii) the
then unpaid principal amount of each Domestic Overadvance on the earlier of the Maturity Date and
demand by the Administrative Agent.

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     (b) The Ex-Im Borrowers hereby jointly and severally unconditionally promise to pay to the
Administrative Agent for the account of the Ex-Im Revolving Lender the then unpaid principal amount
of each Ex-Im Revolving Loan on the Maturity Date.

     (c) The Canadian Borrower hereby unconditionally promises to pay to the Canadian Agent (i) for
the account of each Canadian Revolving Lender the then unpaid principal amount of each Canadian
Revolving Loan on the Maturity Date, (ii) the then unpaid amount of each Canadian Protective
Advance on the earlier of the Maturity Date and demand by the Canadian Agent and (iii) the then
unpaid amount of each Canadian Overadvance on the earlier of the Maturity Date and demand by the
Canadian Agent. The Canadian Borrower shall repay all Canadian Obligations in the currency in
which they were borrowed or advanced.

     (d) [Reserved].

     (e) [Reserved].

     (f) [Reserved].

     (g) At all times that full cash dominion is in effect pursuant to Section 7.3 of the Domestic
Security Agreement and as described in Article XII hereof, on each Business Day, the
Administrative Agent shall apply all funds credited to the Domestic Collection Account on such
Business Day or the immediately preceding Business Day (at the discretion of the Administrative
Agent, whether or not immediately available) first to prepay any Domestic Protective
Advances and Domestic Overadvances that may be outstanding, second to prepay the Domestic
Revolving Loans (including Domestic Swingline Loans), third to cash collateralize
outstanding Domestic LC Exposure, fourth to prepay any Canadian Protection Advances and
Canadian Overadvances that may be outstanding, fifth to prepay the Canadian Revolving Loans
(including Canadian Swingline Loans, sixth to cash collateralize outstanding Canadian LC
Exposure, seventh to prepay the Ex-Im Revolving Loans, and eighth to cash
collateralize Ex-Im LC Exposure. At all times that full cash dominion is in effect pursuant to the
Foreign Collateral Documents and as described in Article XII hereof, on each Business Day, the
Canadian Agent shall apply all funds credited to the Canadian Collection Account on such Business
Day or the immediately preceding Business Day (at the discretion of the Canadian Agent, whether or
not immediately available) first to prepay any Canadian Protective Advances and Canadian
Overadvances that may be outstanding, second to prepay the Canadian Revolving Loans
(including Canadian Swingline Loans) and third, to cash collateralize outstanding Canadian
LC Exposure.

     (h) Each Obligation shall be paid in Dollars or, to the extent originally denominated in
Canadian Dollars, in Canadian Dollars.

     (i) Each Lender shall maintain in accordance with its usual practice an account or accounts
evidencing the indebtedness of each 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.

     (j) The Administrative Agent shall maintain accounts in which it shall record (i) the amount
of each applicable Loan made hereunder, the Class and 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 each Borrower to each Lender hereunder and (iii) the amount of any sum received by
each Agent hereunder for the account of the Lenders and each Lender’s share thereof.

     (k) The entries made in the accounts maintained pursuant to paragraph (h) or (i) 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 either Agent to
maintain such accounts or any error

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therein shall not in any manner affect the obligation of the
Borrowers to repay the Loans in accordance with the terms of this Agreement.

     (l) Any Lender may request that Loans made by it be evidenced by one or more promissory notes.
In such event, the Administrative Agent shall prepare, and the applicable Borrower or Borrowers
shall execute and deliver to such Lender one or more promissory notes payable to the order of such
Lender (or, if requested by such Lender, to such Lender and its registered assigns) and in a form
approved by the Administrative Agent. Thereafter, the Loans evidenced by such promissory notes 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). The Ex-Im Revolving Loans shall be evidenced by a promissory note payable to the order
of the Ex-Im Revolving Lender (the “Ex-Im Note”).

     Section 2.11 Prepayment of Loans.

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

     (b) Except for Domestic Overadvances permitted under Section 2.05, in the event and on such
occasion that the total Domestic Revolving Exposure exceeds any of the limits or sublimits
contained in Section 2.01(a), the Company shall prepay the Domestic Revolving Loans, Domestic LC
Exposure and/or Domestic Swingline Loans in an aggregate amount equal to such excess. Except for
Canadian Overadvances permitted under Section 2.05, in the event and on such occasion that the
total Canadian Revolving Exposure exceeds any of the limits or sublimits contained in Section
2.01(b), the Canadian Borrower shall prepay the Canadian Revolving Loans, Canadian LC Exposure
and/or Canadian Swingline Loans in an aggregate amount equal to such excess. In the event and on
such occasion that the total Ex-Im Revolving Exposure exceeds any of the limits or sublimits
contained in Section 2.01(c), the Ex-Im Borrowers shall prepay the Ex-Im Revolving Loans and/or
Ex-Im LC Exposure in an aggregate amount equal to such excess.

     (c) (i) In the event and on each occasion that any Net Proceeds are received by or on behalf
of any Loan Party in respect of any Prepayment Event, the Borrowers shall, immediately after such
Net Proceeds are received by any Loan Party, prepay the Obligations as set forth in Section 2.11(f)
below in an aggregate amount equal to 100% of such Net Proceeds.

     (d) [Reserved].

     (e) [Reserved].

     (f) All amounts to be paid under Section 2.11(c) shall be applied as follows:

     (i) All amounts to be paid under Section 2.11(c) and representing Net Proceeds
of a Prepayment Event involving the sale of Eligible Export-Related Accounts or the
sale or loss to Eligible Export-Related Inventory, shall be applied first,
to prepay any Protective Advances and Overadvances that may be outstanding, pro
rata, second, to prepay the Ex-Im Revolving Loans without a corresponding
reduction in the Ex-Im Revolving Subcommitment and to cash collateralize outstanding
Ex-Im LC Exposure, third, to prepay the Domestic Revolving Loans (including
Domestic Swingline Loans) without a corresponding reduction in the Domestic
Revolving Commitment and to cash collateralize outstanding Domestic LC Exposure and
fourth, to prepay the Canadian Revolving Loans (including Canadian Swingline
Loans) without a corresponding

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reduction in the Canadian Revolving Subcommitment and
to cash collateralize outstanding Canadian LC Exposure.

     (ii) All amounts to be paid under Section 2.11(c) and representing Net Proceeds
of a Prepayment Event involving the sale of Equity Interests of a Subsidiary
(including an Excluded Subsidiary), shall be applied first, to prepay any
Protective Advances and Overadvances that may be outstanding, pro rata,
second, if such Subsidiary owned Eligible Accounts or Eligible Inventory, to
prepay, as applicable, the Domestic Revolving Loans (including Domestic Swingline
Loans) without a corresponding reduction in the Domestic Revolving Commitment and to
cash collateralize outstanding Domestic LC Exposure, or the Canadian Revolving Loans
(including Canadian Swingline Loans) without a corresponding reduction in the
Canadian Revolving Commitment and to cash collateralize outstanding Canadian LC
Exposure, in each case to the extent of the amount of outstanding Loans predicated
on the value of such assets, third, if such Subsidiary owned Eligible
Export-Related Accounts or Eligible Export-Related Inventory, to prepay the Ex-Im
Revolving Loans without a corresponding reduction in the Ex-Im Revolving
Subcommitment and to cash collateralize outstanding Ex-Im LC Exposure, to the extent
of the amount of outstanding Loans predicated on the value of such assets,
fourth, to prepay the Domestic Revolving Loans (including Domestic Swingline
Loans) without a corresponding reduction in the Domestic Revolving Commitment and to
cash collateralize outstanding Domestic LC Exposure,
fifth, to prepay the Canadian Revolving Loans (including Canadian
Swingline Loans) without a corresponding reduction in the Canadian Revolving
Subcommitment and to cash collateralize outstanding Canadian LC Exposure, and
sixth, to prepay the Ex-Im Revolving Loans without a corresponding reduction
in the Ex-Im Revolving Subcommitment and to cash collateralize outstanding Ex-Im LC
Exposure.

     (iii) All amounts to be paid under Section 2.11(c) and representing Net
Proceeds of a Prepayment Event involving the sale or loss to any property of the
Domestic Loan Parties other than Eligible Export-Related Inventory, Eligible
Export-Relate Accounts, Excluded Assets and Equity Interests, shall be applied
first, to prepay any Protective Advances and Overadvances that may be
outstanding, pro rata, second, to prepay the Domestic Revolving Loans
(including Domestic Swingline Loans) without a corresponding reduction in the
Domestic Revolving Commitment and to cash collateralize outstanding Domestic LC
Exposure, third, to prepay the Canadian Revolving Loans (including Canadian
Swingline Loans) without a corresponding reduction in the Canadian Revolving
Subcommitment and to cash collateralize outstanding Canadian LC Exposure and
fourth, to prepay the Ex-Im Revolving Loans without a corresponding
reduction in the Ex-Im Revolving Subcommitment and to cash collateralize outstanding
Ex-Im LC Exposure.

     (iv) All amounts to be paid under Section 2.11(c) and representing Net Proceeds
of a Prepayment Event involving the sale or loss to any property of the Canadian
Loan Parties, other than Excluded Assets, shall be applied first, to prepay
any Canadian Protective Advances and Canadian Overadvances that may be outstanding,
pro rata, and second, to prepay the Canadian Revolving Loans (including
Canadian Swingline Loans) without a corresponding reduction in the Canadian
Revolving Subcommitment and to cash collateralize outstanding Canadian LC Exposure.

If the precise amount of insurance or condemnation proceeds allocable to different types of
property is not otherwise determined, the allocation and application of those proceeds shall be
determined by the Administrative Agent, in its Permitted Discretion.

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     (g) The Borrower Representative shall notify the Administrative Agent (and, in the case of
prepayment of a Swingline Loan, the applicable Swingline Lender) by telephone (confirmed by
facsimile) of any prepayment hereunder (i) in the case of prepayment of a Eurodollar Borrowing or a
CDOR Rate Borrowing, not later than 10:00 a.m., Chicago time, three Business Days before the date
of prepayment, or (ii) in the case of prepayment of a CBFR Borrowing, a CP Borrowing or a USBR
Borrowing, not later than 10:00 a.m., Chicago 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
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 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 Revolving 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) (i) The Company agrees to pay to the Administrative Agent for the account of
each Revolving Lender a commitment fee, which shall accrue at the Applicable Fee
Rate on the average daily amount of the Available Revolving Commitment of such
Revolving
Lender during the period from and including the Effective Date to but excluding the
date on which the Revolving Lenders’ Revolving Commitments terminate. Such accrued
commitment fees shall be payable in arrears on the first Business Day in each
calendar month and on the date on which the Revolving Commitments terminate,
commencing on the first such date to occur after the Effective Date. All such
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.

     (i) On the Ex-Im Effective Date and on each anniversary thereof, the Ex-Im
Borrowers jointly and severally agree to pay to the Administrative Agent for the
account of the Ex-Im Revolving Lender, for its own account, an annual facility fee
equal to 1.50% of the Ex-Im Revolving Lender’s Ex-Im Revolving Subcommitment on each
such day. Each such facility fee shall be fully earned and nonrefundable when due.
The Ex-Im Borrowers jointly and severally also agree to pay to the Administrative
Agent, for payment to Ex-Im Bank, on a timely basis, all fees and other charges
assessed by Ex-Im Bank in connection with the Ex-Im Revolving Loan facility.

     (b) (i) The Company agrees to pay to the Administrative Agent for the account of each Domestic
Revolving Lender a participation fee with respect to its participations in Domestic Letters of
Credit, which shall accrue at the same Applicable Rate used to determine the interest rate
applicable to Eurodollar Domestic Revolving Loans on the average daily amount of such Domestic
Revolving Lender’s Domestic LC Exposure (excluding any portion thereof attributable to unreimbursed
Domestic LC Disbursements) during the period from and including the Effective Date to but excluding
the later of the date on which such Domestic Revolving Lender’s Domestic Revolving Commitment
terminates and the date on which such Domestic Revolving Lender ceases to have any Domestic LC
Exposure, (ii) the Canadian Borrower agrees to pay to the Canadian Agent for the account of each
Canadian Revolving Lender a participation fee with respect to its participations in Canadian
Letters of Credit, which shall accrue at the same Applicable Rate used to determine the interest
rate applicable to Eurodollar Canadian Revolving Loans in the case of Dollar-denominated Letters of
Credit and the interest rate applicable to CDOR Rate Canadian Revolving Loans in the case of
Canadian Dollar-denominated Letters of Credit, on the average daily amount of such Canadian
Revolving Lender’s Canadian LC Exposure (excluding any

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portion thereof attributable to unreimbursed Canadian LC Disbursements) during the period
from and including the Effective Date to but excluding the later of the date on which such Canadian
Revolving Lender’s Canadian Revolving Subcommitment terminates and the date on which such Canadian
Revolving Lender ceases to have any Canadian LC Exposure, (iii) the Ex-Im Borrowers jointly and
severally agree to pay to the Administrative Agent for the account of the Ex-Im Revolving Lender,
for its own account, a participation fee with respect to its participations in Ex-Im Letters of
Credit, which shall accrue at the same Applicable Rate used to determine the interest rate
applicable to Eurodollar Ex-Im Revolving Loans on the average daily amount of the Ex-Im Revolving
Lender’s Ex-Im LC Exposure (excluding any portion thereof attributable to unreimbursed Ex-Im LC
Disbursements) during the period from and including the Effective Date to but excluding the later
of the date on which the Ex-Im Revolving Lender’s Ex-Im Revolving Subcommitment terminates and the
date on which the Ex-Im Revolving Lender ceases to have any Ex-Im LC Exposure, and (iv) each
applicable Borrower agrees to pay to each applicable Issuing Bank a fronting fee, which shall
accrue at the rate of 0.125% per annum on the average daily amount of the applicable 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
Revolving Commitments and the date on which there ceases to be any applicable LC Exposure, as well
as such Issuing Bank’s standard fees with respect to the issuance, amendment, renewal or extension
of any applicable Letter of Credit or processing of drawings thereunder. Participation fees and
fronting fees accrued through and including the last day of each calendar month shall be payable on
the first Business Day in each calendar month 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 Revolving Commitments terminate and any such fees accruing after the date on
which the Revolving Commitments terminate shall be payable on demand. Any other fees payable to
any 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.

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

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

     Section 2.13 Interest.

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

     (b) The Loans comprising each USBR Borrowing (including each Canadian Swingline Loan) shall
bear interest at the US Base Rate (Canada) plus the Applicable Rate.

     (c) The Loans comprising each CP Borrowing (including each Canadian Swingline Loan) shall bear
interest at the Canadian Prime Rate plus the Applicable Rate.

     (d) 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 Rate.

     (e) The Loans comprising each CDOR Rate Borrowing shall bear interest at the CDOR Rate for the
Interest Period in effect for such Borrowing plus the Applicable Rate.

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     (f) Each Domestic Protective Advance and each Domestic Overadvance shall bear interest at the
CB Floating Rate plus the Applicable Rate for Domestic Revolving Loans plus 2%.
Each Canadian Protective Advance and each Canadian Overadvance denominated in Canadian Dollars
shall bear interest at the Canadian Prime Rate plus the Applicable Rate for Canadian
Revolving Loans plus 2%. Each Canadian Protective Advance and each Canadian Overadvance
denominated in Dollars shall bear interest at the US Base Rate (Canada) plus the Applicable
Rate for Canadian Revolving Loans plus 2%.

     (g) Notwithstanding the foregoing, during the occurrence and continuance of an Event of
Default, the Administrative Agent or the Required Lenders may, at its or their option, by notice to
the Borrower Representative (which notice may be revoked at the option of the Required Lenders
notwithstanding any provision of Section 9.02 requiring the consent of “each Lender affected
thereby” for reductions in interest rates), declare that (i) all Loans shall bear interest at 2%
plus the rate otherwise applicable to such Loans as provided in the preceding paragraphs of
this Section or (ii) in the case of any other amount outstanding hereunder, such amount shall
accrue at 2% plus the rate applicable to such fee or other obligation as provided
hereunder.

     (h) Accrued interest on each Loan (for CBFR Loans, CP Loans and USBR Loans, accrued through
the last day of the prior calendar month) 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 (e) 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, a CP
Revolving Loan or a USBR 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 Loan or any CDOR Rate 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.

     (i) All interest hereunder shall be computed on the basis of a year of 360 days and shall be
payable for the actual number of days elapsed. For the purposes of the Interest Act (Canada) and
disclosure thereunder, (i) whenever any interest under this Agreement or any other Loan Documents
is calculated using a rate based on a year of 360 days, the rate determined pursuant to such
calculation, when expressed as an annual rate, is equivalent to (x) the applicable rate, (y)
multiplied by the actual number of days in the calendar year in which the period for which such
interest is payable (or compounded) ends, and (z) divided by 360; (ii) the principle of deemed
reinvestment of interest does not apply to any interest calculation under this Agreement; and (iii)
the rates of interest stipulated in this Agreement are intended to be nominal rates and not
effective rates or yields. The applicable CB Floating Rate, Adjusted LIBO Rate or LIBO Rate shall
be determined by the Administrative Agent and the applicable Canadian Prime Rate, US Base Rate
(Canada) or CDOR Rate shall be determined by the Canadian Agent, and each such determination shall
be conclusive absent manifest error.

     Section 2.14 Alternate Rate of Interest.

     (a) 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 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

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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 Representative and the
Lenders by telephone or facsimile as promptly as practicable thereafter and, until the
Administrative Agent notifies the Borrower Representative and the Lenders that the circumstances
giving rise to such notice no longer exist, (A) any Interest Election Request that requests the
conversion of any Borrowing to, or continuation of any Borrowing as, a Eurodollar Borrowing shall
be ineffective, and (B) if any Borrowing Request requests a Eurodollar Borrowing, such Borrowing
shall be made as an CBFR Borrowing, in the case of a Borrowing by the Company or an Ex-Im Borrower,
or a USBR Borrowing in the case of a Borrowing by the Canadian Borrower.

     (b) If prior to the commencement of any Interest Period for a CDOR Rate Borrowing:

     (i) the Canadian Agent determines (which determination shall be conclusive
absent manifest error) that adequate and reasonable means do not exist for
ascertaining the CDOR Rate for such Interest Period; or

     (ii) the Canadian Agent is advised by the Required Canadian Lenders that the
CDOR Rate 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;

the Canadian Agent shall give notice thereof to the Borrower Representative and the Canadian
Revolving Lenders by telephone or facsimile as promptly as practicable thereafter, and, until the
Canadian Agent notifies the Borrower Representative and the Canadian Revolving Lenders that the
circumstances giving rise to such notice no longer exist, (A) any Interest Election Request that
requests the conversion of any Borrowing to, or continuation for any Borrowing as, a CDOR Rate
Borrowing shall be ineffective, and (B) if any Borrowing Request requests a CDOR Borrowing, such
Borrowing shall be made as a CP 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 any Issuing Bank; or

     (ii) impose on any Lender or any Issuing Bank or the London interbank market
any other condition affecting this Agreement or CDOR Rate Loans 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 CDOR Rate Loans or Eurodollar Loan (or of maintaining its obligation to make any
such Loan) or to increase the cost to such Lender or such 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 such Issuing Bank hereunder (whether of principal, interest or otherwise), then the
Borrowers will pay to such Lender or such Issuing Bank, as the case may be, such additional amount
or amounts as will compensate such Lender or such Issuing Bank, as the case may be, for such
additional costs incurred or reduction suffered.

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     (b) If any Lender or any 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 such
Issuing Bank’s capital or on the capital of such Lender’s or such 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 such Issuing Bank, to a level below
that which such Lender or such 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 such
Issuing Bank’s policies and the policies of such Lender’s or such Issuing Bank’s holding company
with respect to capital adequacy), then from time to time the Borrowers will pay to such Lender or
such Issuing Bank, as the case may be, such additional amount or amounts as will compensate such
Lender or such Issuing Bank or such Lender’s or such Issuing Bank’s holding company for any such
reduction suffered.

     (c) A certificate of a Lender or an Issuing Bank setting forth the amount or amounts necessary
to compensate such Lender or such 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 Representative
and shall be conclusive absent manifest error. The Borrowers shall pay such Lender or such Issuing
Bank, as the case may be, the amount shown as due on any such certificate within 15 days after
receipt thereof.

     (d) Failure or delay on the part of any Lender or any Issuing Bank to demand compensation
pursuant to this Section shall not constitute a waiver of such Lender’s or such Issuing Bank’s
right to demand such compensation; provided that the Borrowers shall not be required to
compensate a Lender or an Issuing Bank pursuant to this Section for any increased costs or
reductions incurred more than 270 days prior to the date that such Lender or such Issuing Bank, as
the case may be, notifies the Borrower Representative of the Change in Law giving rise to such
increased costs or reductions and of such Lender’s or such 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 270-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 or any CDOR Rate 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 or any CDOR Rate Loan or other than on
the last day of the Interest Period applicable thereto, (c) the failure to borrow, convert,
continue or prepay any Eurodollar Loan or any CDOR Rate Loan on the date specified in any notice
delivered pursuant hereto, or (d) the assignment of any Eurodollar Loan or any CDOR Rate Loan,
other than on the last day of the Interest Period applicable thereto as a result of a request by
the Borrower Representative pursuant to Section 2.19, then, in any such event, the applicable
Borrower shall compensate each applicable Lender for the loss, cost and expense attributable to
such event. In the case of a Eurodollar Loan or a CDOR Rate 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 or the CDOR Rate, as applicable, 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 to such Eurodollar Loan from other banks in the eurodollar market or
for Canadian Dollar deposits of a comparable amount and period to such CDOR Rate Loan from other
banks in the Canadian bankers’ acceptance 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 Representative and shall be conclusive absent manifest error. The
applicable Borrower shall pay such Lender the amount shown as due on any such certificate within 15
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 each Borrower hereunder shall
be made free and clear of and without deduction for any Indemnified Taxes or Other Taxes;
provided that if the Borrowers 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 applicable 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 applicable
Borrower shall make such deductions and (iii) the applicable Borrower shall pay the full amount
deducted to the relevant Governmental Authority in accordance with applicable law.

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

     (c) The applicable Borrower shall indemnify each Agent, each Lender and each Issuing Bank,
within 15 days after written demand therefor, for the full amount of any Indemnified Taxes or Other
Taxes paid by such Agent, such Lender or such Issuing Bank, as the case may be, on or with respect
to any payment by or on account of any obligation of such 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 Representative by a Lender or an Issuing Bank, or by an Agent
on its own behalf or on behalf of a Lender or an Issuing Bank, shall be conclusive absent manifest
error.

     (d) Each Lender and each Issuing Bank shall indemnify the Borrowers and the Agents, within 15
days after written demand therefor, against any and all Taxes and any and all related losses,
claims, liabilities, penalties, interest and reasonable expenses (including the fees, charges and
disbursements of any counsel for the Borrowers or the Agents) incurred by or asserted against the
Borrowers or the Agents by any Governmental Authority as a result of the failure by such Lender or
such Issuing Bank, as the case may be, to deliver, or as a result of the inaccuracy, inadequacy or
deficiency of, any documentation required to be delivered to the Borrowers or the Agents pursuant
to Section 2.17(f). Each Lender and each Issuing Bank hereby authorizes the Agents to set off and
apply any and all amounts at any time owing to such Lender or such Issuing Bank, as the case may
be, under this Agreement or any other Loan Document against any amount due to the Agents under this
Section 2.17(d).

     (e) As soon as practicable after any payment of Indemnified Taxes or Other Taxes by any
Borrower to a Governmental Authority, the Borrower Representative 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.

     (f) Any Foreign Lender that is entitled to an exemption from or reduction of withholding tax
under the law of the jurisdiction in which any 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 Representative (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 Representative as will permit such payments to be made
without withholding or at a reduced rate.

     (g) If either Agent or any 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 Borrowers or

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with respect to which the Borrowers have paid additional amounts pursuant to this Section 2.17, it shall
pay over such refund to the applicable Borrower (but only to the extent of indemnity payments
made, or additional amounts paid, by such 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 such Agent
or such Lender and without interest (other than any interest paid by the relevant Governmental
Authority with respect to such refund); provided, that each Borrower, upon the request of such
Agent or such Lender, agree to repay the amount paid over to such Borrower (plus any
penalties, interest or other charges imposed by the relevant Governmental Authority) to such Agent
or such Lender in the event such Agent or such Lender is required to repay such refund to such
Governmental Authority. This Section shall not be construed to require either Agent or any Lender
to make available its tax returns (or any other information relating to its taxes which it deems
confidential) to the Borrowers or any other Person.

     Section 2.18 Payments Generally; Allocation of Proceeds; Sharing of Set-offs.

     (a) Each 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, 2.16 or 2.17, or otherwise) prior to noon, Chicago 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 applicable 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 270 Park Avenue, New York, New York, except
payments (i) of interest in respect of Canadian Revolving Loans and payments of Letter of Credit
participation fees in respect of Canadian Letters of Credit, which shall be made to the Canadian
Agent, (ii) to be made directly to an Issuing Bank or a Swingline Lender as expressly provided
herein and (iii) that payments pursuant to Sections 2.15, 2.16, 2.17 and 9.03 shall be made
directly to the Persons entitled thereto. The applicable 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.

     (b) Any proceeds of Collateral of the Domestic Loan Parties received by either Agent (i) not
constituting either (A) a specific payment of principal, interest, fees or other sum payable under
the Loan Documents (which shall be applied as specified by the Borrower Representative), (B) a
mandatory prepayment (which shall be applied in accordance with Section 2.11) or (C) amounts to be
applied from a Collection Account when full cash dominion is in effect (which shall be applied in
accordance with Section 2.10) or (ii) after an Event of Default has occurred and is continuing and
the Administrative Agent so elects or the Required Lenders so direct, such funds shall be applied
ratably first, to pay any fees, indemnities, or expense reimbursements including amounts
then due to the Agents and the Issuing Banks from the Borrowers (other than in connection with
Banking Services Obligations or Swap Obligations), second, to pay any fees or expense
reimbursements then due to the Lenders from the Borrowers (other than in connection with Banking
Services or Swap Obligations), third, to pay interest due in respect of Overadvances and
Protective Advances, fourth, to pay the principal of Overadvances and Protective Advances,
fifth, to pay interest then due and payable on the Loans (other than the Overadvances and
Protective Advances) ratably, sixth, to prepay principal on the Loans (other than the
Overadvances, Protective Advances and Ex-Im Revolving Loans) and unreimbursed LC Disbursements
(other than unreimbursed Ex-Im LC Disbursements) ratably, seventh, to pay ratably amounts
to the Agents equal to 105% of the aggregate undrawn face amount of all outstanding Letters of
Credit (other than Ex-Im Letters of Credit) and the aggregate amount of any unpaid LC Disbursements
(other than unpaid Ex-Im LC Disbursements), to be held as cash collateral for such Obligations,
eighth, to payment of any amounts owing with respect to Banking Services Obligations and
Swap Obligations, ninth, to the payment of any other Secured Obligation due to either Agent
or any Lender by the Borrowers, tenth, to prepay principal on the Ex-Im Revolving Loans and
unreimbursed Ex-Im LC Disbursements ratably, and

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eleventh, to pay amounts to the Administrative Agent equal to 105% of the aggregate undrawn face
amount of all outstanding Ex-Im Letters of Credit and the aggregate amount of any unpaid Ex-Im
LC Disbursements, to be held as cash collateral for such obligations.

     (c) Any proceeds of Collateral of the Canadian Loan Parties received by either Agent (i) not
constituting either (A) a specific payment of principal, interest, fees or other sum payable under
the Loan Documents (which shall be applied as specified by the Borrower Representative), (B) a
mandatory prepayment (which shall be applied in accordance with Section 2.11) or (C) amounts to be
applied from the Canadian Collateral Account when full cash dominion is in effect (which shall be
applied in accordance with Section 2.10) or (ii) after an Event of Default has occurred and is
continuing and the Administrative Agent so elects or the Required Lenders so direct, such funds
shall be applied ratably first, to pay any fees, indemnities, or expense reimbursements
including amounts then due to the Agents and the Canadian Issuing Bank from the Canadian Borrower
(other than in connection with Banking Services Obligations or Swap Obligations), second,
to pay any fees or expense reimbursements then due to the Canadian Lenders from the Canadian
Borrower (other than in connection with Banking Services Obligations or Swap Obligations),
third, to pay interest due in respect of Canadian Overadvances and Canadian Protective
Advances, fourth, to pay the principal of Canadian Overadvances and Canadian Protective
Advances, fifth, to pay interest then due and payable on the Canadian Revolving Loans,
sixth, to prepay principal on the Canadian Revolving Loans and unreimbursed Canadian LC
Disbursements ratably, seventh, to pay an amount to the Canadian Agent equal to 105% of the
aggregate undrawn face amount of all outstanding Canadian Letters of Credit and the aggregate
amount of any unpaid Canadian LC Disbursements, to be held as cash collateral for such Obligations,
eighth, to payment of any amounts owing by the Canadian Loan Parties in respect of Banking
Services Obligations and Swap Obligations, and ninth, to the payment of any other Canadian
Obligations due to either Agent or any Canadian Lender by the Canadian Borrower. In no event will
any proceeds of Collateral described in this Section 2.18(c) be applied to any Domestic Obligations
or Ex-Im Obligations.

     (d) Notwithstanding anything to the contrary contained in this Agreement, unless so directed
by the Borrower Representative, or unless an Event of Default is in existence, neither either Agent
nor any Lender shall apply any payment which it receives to any CDOR Rate Loan or any Eurodollar
Loan of a Class, except (a) on the expiration date of the Interest Period applicable to any such
Eurodollar Loan or (b) in the event, and only to the extent, that with respect to CDOR Rate Loans,
there are no outstanding CP Loans of the same Class, and with respect to Eurodollar Loans, there
are no outstanding CBFR Loans or USBR Loans, as applicable, of the same Class and, in any such
event, the applicable Borrower shall pay the break funding payment required in accordance with
Section 2.16. The Administrative Agent and the Lenders shall have the continuing and exclusive
right to apply and reverse and reapply any and all such proceeds and payments to any portion of the
Secured Obligations.

     (e) At the election of the Administrative Agent, all payments of principal, interest, LC
Disbursements, fees, premiums, reimbursable expenses (including, without limitation, all
reimbursement for fees and expenses pursuant to Section 9.03), and other sums payable under the
Loan Documents, may be paid from the proceeds of Borrowings made hereunder whether made following a
request by the Borrower Representative pursuant to Section 2.03 or a deemed request as provided in
this Section or may be deducted from any deposit account of any Borrower maintained with the
Administrative Agent; provided, that no Borrowings of Canadian Revolving Loans, Canadian Swingline
Loans, Canadian Overadvances or Canadian Protective Advances may be used to pay any of the Domestic
Obligations or the Ex-Im Obligations and no amounts contained in a deposit account of the Canadian
Borrower may be applied against any of the Domestic Obligations or the Ex-Im Obligations. The
Company hereby irrevocably authorizes (i) the Administrative Agent to make a Borrowing for the
purpose of paying each payment of principal, interest and fees as it becomes due hereunder or any
other amount due under the Loan Documents and agrees that all such amounts charged shall constitute
Loans (including Swingline Loans and Overadvances, but such a Borrowing may only constitute a
Protective Advance if it is to reimburse costs, fees and expenses as described in Section 9.03) and
that all such

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Borrowings shall be deemed to have been requested pursuant to Sections 2.03, 2.04 or
2.05, as applicable and (ii) the Administrative Agent to charge any deposit account of any Borrower
maintained with the Administrative Agent for each payment of principal, interest and fees for which such Borrower
is obligated as it becomes due hereunder or any other amount due under the Loan Documents. Each
Ex-Im Borrower hereby authorizes (i) the Ex-Im Revolving Lender to make a Borrowing for the purpose
of paying each payment of principal, interest and fees in respect of the Ex-Im Revolving Loans and
the Ex-Im Letters of Credit as it becomes due hereunder or any other amounts due under the Loan
Documents in respect of the Ex-Im Obligations and agrees that such amounts charged shall constitute
Ex-Im Revolving Loans and that all such Borrowings shall be deemed to have been requested pursuant
to Section 2.03 and (ii) the Ex-Im Revolving Lender to charge any deposit account of any Ex-Im
Borrower maintained with the Ex-Im Revolving Lender for each payment of principal, interest and
fees for which the Ex-Im Borrowers are obligated as it becomes due hereunder or any other amount
due under the Loan Documents in respect of the Ex-Im Obligations. The Canadian Borrower hereby
authorizes (i) the Canadian Agent to make a Borrowing for the purpose of paying each payment of
principal, interest and fees owing by it as it becomes due hereunder or any other amount due from
it under the Loan Documents and agrees that all such amounts charged shall constitute Canadian
Revolving Loans (including Canadian Swingline Loans and Canadian Overadvances, but such a Borrowing
may only constitute a Canadian Protective Advance if it is to reimburse costs, fees and expenses as
described in Section 9.03) and that all such Borrowings shall be deemed to have been requested
pursuant to Sections 2.03, 2.04 or 2.05, as applicable and (ii) each Agent to charge any deposit
account of the Canadian Borrower maintained with such Agent for each payment of principal, interest
and fees owing by the Canadian Borrower as it becomes due hereunder or any other amount due from it
under the Loan Documents.

     (f) 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 Loans or participations in
Ex-Im Revolving Loans and LC Disbursements resulting in such Lender receiving payment of a greater
proportion of the aggregate amount of its Loans and participations in Ex-Im Revolving Loans and LC
Disbursements 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 Loans and LC Disbursements 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 Loans and participations in Ex-Im Revolving
Loans and LC Disbursements; 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 any
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 and LC Disbursements to any assignee or participant, other than to such Borrower or any
Subsidiary or Affiliate thereof (as to which the provisions of this paragraph shall apply). Each
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 such Borrower rights of set-off and counterclaim with respect to such
participation as fully as if such Lender were a direct creditor of such Borrower in the amount of
such participation.

     (g) Unless the Administrative Agent shall have received notice from the Borrower
Representative prior to the date on which any payment is due to the Administrative Agent for the
account of the Lenders or an Issuing Bank hereunder that the Borrowers will not make such payment,
the Administrative Agent may assume that the Borrowers have made such payment on such date in
accordance herewith and may, in reliance upon such assumption, distribute to the Lenders or the
applicable Issuing Bank, as the case may be, the amount due. In such event, if the Borrowers have
not in fact made such payment, then each of the Lenders or such 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 such Issuing Bank with interest thereon, for each day from and including the date
such amount

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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.

     (h) If any Lender shall fail to make any payment required to be made by it hereunder, then the
applicable Agent or the Ex-Im Revolving Lender, as applicable, may, in its discretion
(notwithstanding any contrary provision hereof), (i) apply any amounts thereafter received by such
Person for the account of such Lender to satisfy such Lender’s obligations hereunder until all such
unsatisfied obligations are fully paid and/or (ii) hold any such amounts in a segregated account as
cash collateral for, and apply any such amounts to, any future funding obligations of such Lender
hereunder; application of amounts pursuant to (i) and (ii) above shall be made in such order as may
be 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 any 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 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
Borrowers hereby agree 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 any 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 Borrowers
may, at their 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 Borrowers shall have received
the prior written consent of the Agents and the Ex-Im Revolving Lender (and the applicable 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
unreimbursed 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 applicable 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. 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 Borrowers to require such assignment and delegation cease to apply.

     Section 2.20 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.

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

     (b) the Commitments 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), 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;

     (c) if any Swingline Exposure, Ex-Im Revolving Exposure or LC Exposure exists at the time a
Lender becomes a Defaulting Lender then:

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

     (ii) if the reallocation described in clause (i) above cannot, or can only
partially, be effected, the applicable Borrower shall within one Business Day
following notice by the Administrative Agent (x) first, prepay such Swingline
Exposure and Ex-Im Revolving 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 any Borrower cash collateralizes any portion of such Defaulting
Lender’s LC Exposure pursuant to Section 2.20(c), such 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 2.20(c), then the fees payable to the Lenders pursuant to Section 2.12(b)
shall be adjusted in accordance with such non-Defaulting Lenders’ Applicable
Percentages; or

     (v) if any Defaulting Lender’s LC Exposure is neither cash collateralized nor
reallocated pursuant to Section 2.20(c), then, without prejudice to any rights or
remedies of any 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 such Issuing Bank until
such LC Exposure is cash collateralized and/or reallocated;

     (d) no Issuing Bank shall be required to issue, amend or increase any Letter of Credit, unless
it is satisfied that the related exposure will be 100% covered by the Commitments of the
non-Defaulting Lenders and/or cash collateral will be provided by the applicable Borrower in
accordance

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with Section 2.20(c), and participating interests in any such newly issued or increased
Letter of Credit or newly made Swingline Loan or Ex-Im Revolving Loan shall be allocated among
non-Defaulting Lenders in a manner consistent with Section 2.20(c)(i) (and Defaulting Lenders shall
not participate therein); and

     (e) in the event and on the date that each of the Agents, the Ex-Im Revolving Lender, the
Borrowers, the Issuing Banks and the Swingline Lenders agree that a Defaulting Lender has
adequately remedied all matters that caused such Lender to be a Defaulting Lender, then the
Swingline Exposure, Ex-Im Revolving Exposure and LC Exposure of the other Lenders shall be
readjusted to reflect
the inclusion of such Lender’s Revolving Commitments 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.

     Section 2.21 Returned Payments.

     If after receipt of any payment which is applied to the payment of all or any part of the
Obligations, either Agent or any Lender is for any reason compelled to surrender such payment or
proceeds to any Person because such payment or application of proceeds is invalidated, declared
fraudulent, set aside, determined to be void or voidable as a preference, impermissible setoff, or
a diversion of trust funds, or for any other reason, then the Obligations or part thereof intended
to be satisfied shall be revived and continued and this Agreement shall continue in full force as
if such payment or proceeds had not been received by the Administrative Agent or such Lender. The
provisions of this Section 2.21 shall be and remain effective notwithstanding any contrary action
which may have been taken by either Agent or any Lender in reliance upon such payment or
application of proceeds. The provisions of this Section 2.21 shall survive the termination of this
Agreement.

     Section 2.22 Designated Senior Debt.

     The Agents, the other Lenders, the Issuing Banks and the Borrowers hereby designate all
Indebtedness and all other obligations now or hereafter incurred or otherwise outstanding under any
Loan Document to be “Designated Senior Debt” as set forth and defined in the Existing Indenture.

     Section 2.23 Exchange Rate Fluctuations.

     The Administrative Agent shall at all times monitor the Dollar Equivalent of all outstanding
Canadian Revolving Exposure. If due to changes in the exchange rate between Dollars and Canadian
Dollars, the Canadian Revolving Exposure exceeds the Canadian Revolving Commitment, then the
Administrative Agent may in its sole discretion, refuse to permit any further Canadian Revolving
Loans to be borrowed, continued or converted or Canadian Letters of Credit to be issued, or may
require that the Canadian Borrower, pay or prepay such excess amounts in respect of any outstanding
Canadian Obligations as the Administrative Agent may request in writing to the Canadian Borrower
(such payment to be made within 2 Business Days of the Administrative Agent’s request therefor).

     Section 2.24 Inter-Lender Assignments.

     Each Existing Lender hereby sells and assigns to each Lender, without recourse, representation
or warranty (except as set forth below), and each such Lender hereby purchases and assumes from
each Existing Lender a percentage interest in the Commitments and subcommitments and the Loans and
other Obligations hereunder as may be required to reflect the allocation of Commitments and
subcommitments as set forth on the Commitment Schedule. The Lenders agree to make such
inter-Lender wire transfers as may be required to give effect to the foregoing assignments and
assumptions and, as a result of such assignments and assumptions, each Existing Lender shall be
absolutely released from any obligations, covenants or agreements with respect to the Commitments,
subcommitments and Loans so assigned. With respect to such Commitments, subcommitments and Loans

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so assigned, each Existing Lender makes no representation or warranty whatsoever, except that it
represents and warrants that it is the legal and beneficial owner of the same, free and clear of
any adverse claim.

ARTICLE III

Representations and Warranties

     Each Loan Party represents and warrants to the Lenders that:

     Section 3.01 Organization; Powers.

     Each of the Loan Parties is duly organized, validly existing and in good standing 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, every jurisdiction where such qualification is required.

     Section 3.02 Authorization; Enforceability.

     The Transactions are within each Loan Party’s organizational powers and have been duly
authorized by all necessary organizational actions and, if required, actions by equity holders.
The Loan Documents to which each Loan Party is a party have been duly executed and delivered by
such Loan Party and constitute a legal, valid and binding obligation of such Loan Party,
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 and except for filings necessary to perfect Liens created pursuant to
the Loan Documents, (b) will not violate any Requirement of Law applicable to any Loan Party, (c)
will not violate or result in a default under any indenture (including without limitation the
Existing Indenture and the New Indenture), agreement or other instrument evidencing Material
Indebtedness binding upon any Loan Party or its assets, or give rise to a right thereunder to
require any payment to be made by any Loan Party, and (d) will not result in the creation or
imposition of any Lien on any asset of any Loan Party, except Liens created pursuant to the Loan
Documents.

     Section 3.04 Financial Condition; No Material Adverse Change.

     (a) The Company has heretofore furnished to the Lenders its consolidated balance sheet and
statements of income, stockholders equity and cash flows (i) as of and for the fiscal year ended
December 31, 2010, reported on by Ernst & Young, independent public accountants, and (ii) as of and
for the one month period ended January 31, 2011, certified by its chief financial officer. Such
financial statements present fairly, in all material respects, the financial position and results
of operations and cash flows of the Company and its consolidated Subsidiaries as of such dates and
for such periods in accordance with GAAP, subject to year-end audit adjustments and the absence of
footnotes in the case of the statements referred to in clause (ii) above.

     (b) No event, change or condition has occurred that has had, or could reasonably be expected
to have, a Material Adverse Effect, since December 31, 2010.

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     Section 3.05 Properties.

     (a) Schedule 3.05 sets forth, as of the Effective Date, the address of each parcel of
Real Property that is owned by each Loan Party, all material leases and subleases of Real Property
by each Loan Party as lessee or sublessee and all material leases and subleases of Real Property by
each Loan Party as lessor or sublessor. For purposes of the foregoing sentence, “material” shall
mean a lease or sublease related to a location where Inventory with a value in excess of $1,000,000
is located. Each of such leases and subleases is valid and enforceable in accordance with its
terms and is in full force and effect, and no default by any party to any such lease or sublease
exists that could reasonably be expected to result in a Material Adverse Effect. Each of the Loan
Parties has good and indefeasible title to, or valid leasehold interests in, all its real and personal property, free of all Liens other than those
permitted by Section 6.02.

     (b) Each Loan Party owns, or is licensed to use, all trademarks, tradenames, copyrights,
patents and other intellectual property necessary to its business as currently conducted, and the
use thereof by the Loan Parties does not, to the knowledge of the Loan Parties, infringe in any
material respect upon the rights of any other Person, and the Loan Parties’ rights thereto are not
subject to any material licensing agreement or similar arrangement.

     Section 3.06 Litigation and Environmental Matters.

     (a) Except for the Disclosed Matters, there are no actions, suits or proceedings by or before
any arbitrator or Governmental Authority pending against or, to the knowledge of any Loan Party,
threatened against or affecting the Loan Parties (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 for the Disclosed Matters (i) no Loan Party has received notice of any claim with
respect to any Environmental Liability or knows of any basis for any Environmental Liability, in
either case, in an amount greater than $5,000,000 or that could reasonably be expected to result in
a Material Adverse Effect and (ii) and 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, no
Loan Party (1) 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 or (2) has become
subject to any Environmental Liability.

     (c) Since the date of this Agreement, 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.

     Section 3.07 Compliance with Laws and Agreements.

     Each Loan Party is in compliance with all Requirements of Law applicable to it or its property
and all indentures, agreements and other instruments binding upon it or its property (including
without limitation the Existing Indenture and the New Indenture), 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 Company Status.

     No Loan Party is an “investment company” as defined in, or subject to regulation under, the
Investment Company Act of 1940.

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     Section 3.09 Taxes.

     Each Loan Party has timely filed or caused to be filed all federal income tax and other
material Tax returns and reports required to have been filed and has paid or caused to be paid all
amounts shown on such Tax returns and reports to be due and payable, except Taxes that are being
contested in good faith by appropriate proceedings and for which such Loan Party, as applicable,
has set aside on its books adequate reserves and as to which no Lien exists. No tax Liens have
been filed and no claims are being asserted with respect to any such taxes.

     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 $5,000,000 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 $5,000,000 the fair market value of the assets of all such underfunded Plans. The aggregate
Withdrawal Liability the Loan Parties and their ERISA Affiliates would increase if all such Persons
were to incur a “complete withdrawal” (within the meaning of ERISA Section 4203) from Multiemployer
Plans on the date of each Credit Extension hereunder does not exceed $4,000,000. No Loan Party or
any ERISA Affiliate has incurred, or is reasonably expected to incur, any excise tax or penalty
relating to a Plan, any material liability to the PBGC or any withdrawal liability to Multiemployer
Plans. Each Plan complies and has been administered in all material respects with all applicable
requirements of law and regulations. No Loan Party or ERISA Affiliate has withdrawn from any Plan
or initiated steps to do so, and no steps have been taken to reorganize or terminate any Plan.

     Section 3.11 Disclosure.

     Each Borrower has disclosed to the Lenders all agreements, instruments and corporate or other
restrictions to which it or any Loan Party is subject, and all other matters known to it, that, as
of the date hereof, individually or in the aggregate, could reasonably be expected to result in a
Material Adverse Effect. None of the other reports, financial statements, certificates or other
information furnished by or on behalf of the any Loan Party in writing to either Agent or any
Lender in connection with the negotiation of this Agreement or any other Loan Document (taken as a
whole and 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, no representation is given with respect to forward looking statements or information of a
general industry or economic nature; and provided further, that, with respect to projected
financial information, the Borrowers represent only that such information was prepared in good
faith based upon assumptions believed to be reasonable at the time such projections were delivered.

     Section 3.12 Material Agreements.

     All material agreements and contracts to which any Loan Party is a party or is bound as of the
date of this Agreement are listed on Schedule 3.12 (defined as those required to be listed
in the Company’s filings with the Securities and Exchange Commission). No Loan Party is in default
in the performance, observance or fulfillment of any of the obligations, covenants or conditions
contained in (i) any such material agreement to which it is a party, except to the extent that any
such default would not

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reasonably be expected to have a Material Adverse Effect or (ii) any
agreement or instrument evidencing or governing Material Indebtedness.

     Section 3.13 Solvency.

     (a) Immediately after the consummation of the Transactions to occur on the Effective Date, and
immediately after the making of each Credit Extension, and after giving effect to the application
of the proceeds of such Credit Extension, (i) the fair value of the assets of the Loan Parties,
taken as a whole, at a fair valuation, will exceed their debts and liabilities, subordinated,
contingent or otherwise; (ii) the present fair saleable value of the property of the Loan Parties,
taken as a whole, will be greater than the amount that will be required to pay the probable liability of their debts and
other liabilities, subordinated, contingent or otherwise, as such debts and other liabilities
become absolute and matured; (iii) the Loan Parties, taken as a whole, will be able to pay their
debts and liabilities, subordinated, contingent or otherwise, as such debts and liabilities become
absolute and matured; and (iv) the Loan Parties, taken as a whole, will not have unreasonably small
capital with which to conduct the business in which they are engaged as such business is now
conducted and is proposed to be conducted after the Effective Date.

     (b) No Loan Party intends to and no Loan Party believes that it will, incur debts beyond its
ability to pay such debts as they mature, taking into account the timing of and amounts of cash to
be received by it and the timing of the amounts of cash to be payable on or in respect of its
Indebtedness.

     Section 3.14 Insurance.

     Schedule 3.14 sets forth a description of all insurance maintained by or on behalf of
the Loan Parties as of the Effective Date. As of the Effective Date, all premiums in respect of
such insurance have been paid. The Borrowers believe that the insurance maintained by or on behalf
of the Loan Parties is adequate.

     Section 3.15 Capitalization and Subsidiaries.

     Schedule 3.15 sets forth as of the Effective Date (a) a correct and complete list of
the name and relationship to the Company of each and all of the Company’s Subsidiaries, (b) a true
and complete listing of each class of each Borrower’s authorized Equity Interests, of which all of
such issued shares are validly issued, outstanding, fully paid and non-assessable, and as of the
Effective Date owned beneficially and of record by the Persons identified on Schedule 3.15,
and (c) the type of entity of the Company and each of its Subsidiaries, together with the employer
or tax payer identification number of each Person and the organizational identification number
issued by the jurisdiction of organization of each such Person (or a statement that no such number
has been issued). All of the issued and outstanding Equity Interests owned by any Loan Party has
been (to the extent such concepts are relevant with respect to such ownership interests) duly
authorized and issued and is fully paid and non-assessable.

     Section 3.16 Security Interest in Collateral.

     The provisions (a) of this Agreement and the other Loan Documents create legal and valid Liens
on all the Collateral of the Domestic Loan Parties in favor of the Administrative Agent, for the
benefit of the Administrative Agent and the Lenders, and such Liens constitute perfected and
continuing Liens on such Collateral, securing the Secured Obligations, enforceable against the
applicable Domestic Loan Parties and all third parties, and having priority over all other Liens on
such Collateral, except for Liens on Export-Related Collateral, which are junior only to the Liens
of the Ex-Im Revolving Lender in such Export-Related Collateral described in clause (b) hereof, (b)
of this Agreement and certain of the other Loan Documents create legal and valid Liens on all the
Collateral of the Domestic Loan

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Parties in favor of the Ex-Im Revolving Loans and such Liens constitute perfected and
continuing Liens on such Collateral, securing the Ex-Im Obligations, enforceable against the
applicable Domestic Loan Parties and all third parties, and having priority over all other Liens on
such Collateral, except for Liens on all Collateral other than Export-Related Collateral, which are
junior only to the Liens of the Administrative Agent on such Collateral described in clause (a)
hereof and (c) this Agreement and the Foreign Collateral Documents create legal and valid Liens on
all the Collateral of the Canadian Loan Parties in favor of the Canadian Agent, for the benefit of
the Canadian Agent and the Canadian Revolving Lenders, and such Liens constitute perfected and
continuing Liens on such Collateral, securing the Canadian Obligations, enforceable against the
applicable Canadian Loan Parties and all third parties, and having priority over all other Liens on
such Collateral, in each case, except in the case of (i) Permitted Encumbrances, to the extent any
such Permitted Encumbrances would have priority over the Liens in favor of the applicable Agent or
the Ex-Im Revolving Lender, as applicable, pursuant to any applicable law and (ii) Liens perfected
only by possession (including possession of any certificate of title) to the extent the applicable
Agent or the Ex-Im Revolving Lender, as applicable, has not obtained or does not maintain
possession of such Collateral.

     Section 3.17 Employment Matters.

     As of the Effective Date, there are no strikes, lockouts or slowdowns against any Loan Party
pending or, to the knowledge of the Borrowers, threatened. The hours worked by and payments made
to employees of the Loan Parties have not been in violation of the Fair Labor Standards Act or any
other applicable Federal, state, local, provincial or foreign law dealing with such matters. All
payments due from any Loan Party, or for which any claim may be made against any Loan Party, on
account of wages and employee health and welfare insurance and other benefits, have been paid or
accrued as a liability on the books of the Loan Party.

     Section 3.18 Affiliate Transactions.

     Except for immaterial matters, transactions permitted by Section 6.09, and as set forth on
Schedule 3.18, as of the Effective Date, there are no existing or proposed agreements,
arrangements, understandings, or transactions between any Loan Party and any of the officers,
members, managers, directors, stockholders, parents, other interest holders, employees, or
Affiliates (other than Subsidiaries) of any Loan Party or any members of their respective immediate
families, and none of the foregoing Persons are directly or indirectly indebted to or have any
direct or indirect ownership, partnership, or voting interest in any Affiliate of any Loan Party or
any Person with which any Loan Party has a business relationship or which competes with any Loan
Party.

     Section 3.19 Names; Prior Transactions.

     Except as set forth on Schedule 3.19, as of the Effective Date, the Loan Parties have
not, during the past five years, been known by or used any other corporate or fictitious name, or
been a party to any amalgamation, merger or consolidation, or been a party to any acquisition of
another Person.

     Section 3.20 Regulation U.

     No Loan Party is engaged, nor will it engage, principally or as one of its important
activities, in the business of extending credit for the purpose of “purchasing” or “carrying” any
“margin stock” as such terms are defined in Regulation U of the Federal Reserve Board as now and
from time to time hereafter in effect (such securities being referred to herein as “Margin
Stock”). No Loan Party owns any Margin Stock, and none of the proceeds of the Loans or other
extensions of credit under this Agreement will be used, directly or indirectly, for the purpose of
purchasing or carrying any Margin Stock, for the purpose of reducing or retiring any Indebtedness
that was originally incurred to purchase or
carry any Margin Stock or for any other purpose that might cause any of the Loans or other
extensions of

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 credit under this Agreement to be considered a “purpose credit” within the meaning of
Regulations T, U or X of the Board. No Loan Party will take or permit to be taken any action that
might cause any Loan Document to violate any regulation of the Board.

     Section 3.21 Indebtedness.

     The Loan Parties have no Indebtedness, except for (a) the Obligations and (b) any Indebtedness
permitted under Section 6.01.

     Section 3.22 Subordinated Indebtedness.

     The Secured Obligations constitute senior indebtedness which is entitled to the benefits of
the subordination provisions of all outstanding Subordinated Indebtedness.

     Section 3.23 Existing Indenture.

     No Event of Default (as defined in the Existing Indenture) or Default (as defined in the
Existing Indenture) exists, nor will any such Event of Default or Default exist immediately after
any Credit Extension, under the Existing Indenture, the Existing Senior Subordinated Notes or any
agreement executed by the Company or any other Domestic Loan Party in connection therewith; and (b)
all of the Secured Obligations constitute both Senior Debt (as defined in the Existing Indenture)
and Designated Senior Debt (as defined in the Existing Indenture).

     Section 3.24 New Indenture.

     (a) No Event of Default (as defined in the New Indenture) or Default (as defined in the New
Indenture) exists, nor will any such Event of Default or Default exist immediately after any Credit
Extension, under the New Indenture, the New Senior Notes or any agreement executed by the Company
or any other Domestic Loan Party in connection therewith; (b) no Loan Party or any of its
Subsidiaries has incurred any Designated Senior Debt (as defined in the Existing Indenture) other
than the Secured Obligations; (c) the making of any Loan shall not constitute Indebtedness (as
defined in the New Indenture) incurred in violation of Section 4.09 (Incurrence of Indebtedness and
Issuance of Preferred Stock) of the New Indenture; (d) all of the Secured Obligations constitute
both Senior Debt (as defined in the Existing Indenture) and Designated Senior Debt (as defined in
the Existing Indenture); and (e) the Secured Obligations, including the Canadian Revolving
Exposure, constitute Indebtedness permitted under Section 4.09(b) of the New Indenture.

     Section 3.25 Common Enterprise.

     The successful operation and condition of each of the Loan Parties and Holdings is dependent
on the continued successful performance of the functions of the group of the Loan Parties and
Holdings as a whole and the successful operation of each of the Loan Parties and Holdings is
dependent on the successful performance and operation of each other Loan Party and Holdings. Each
Loan Party and Holdings expects to derive benefit (and its board of directors or other governing
body has determined that it may reasonably be expected to derive benefit), directly and indirectly,
from (i) successful operations of each of the other Loan Parties and Holdings and (ii) the credit
extended by the Lenders to the Borrowers hereunder, both in their separate capacities and as
members of the group of companies. Each Loan Party and Holdings has determined that execution,
delivery, and performance of this Agreement and any other Loan Documents to be executed by such
Loan Party and Holdings is within its purpose, will be of direct and indirect benefit to such Loan
Party and Holdings, and is in its best interest.

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     Section 3.26 Fast Track Loan Agreement.

     Each representation of the Ex-Im Borrowers contained in the Fast Track Loan Agreement is true
and correct in all material respects.

     Section 3.27 Tender Offer.

     The Tender Offer will be consummated as of the Effective Date with the Existing Senior
Subordinated Notes accepted in the Tender Offer representing 60.64% of all Existing Senior
Subordinated Notes not held by an Affiliate of the Company and the amendment of the Existing
Indenture as provided in the Fifth Supplemental Indenture will become effective.

ARTICLE IV

Conditions

     Section 4.01 Effective Date.

     The obligations of the Lenders to make Loans and of each Issuing Bank to issue Letters of
Credit hereunder, and this Agreement itself, shall not become effective until the date on which
each of the following conditions is satisfied (or waived in accordance with Section 9.02):

     (a) Credit Agreement and Loan Documents. The Administrative Agent (or its counsel)
shall have received (i) from each party hereto either (A) a counterpart of this Agreement signed on
behalf of such party or (B) written evidence satisfactory to the Administrative Agent (which may
include facsimile transmission of a signed signature page of this Agreement) that such party has
signed a counterpart of this Agreement and (ii) duly executed copies of the Loan Documents and such
other certificates, documents, instruments and agreements as the Administrative Agent shall
reasonably request in connection with the transactions contemplated by this Agreement and the other
Loan Documents, including any promissory notes requested by a Lender pursuant to Section 2.10
payable to the order of each such requesting Lender and a written opinion of the Loan Parties’
counsel, addressed to the Agents, the Ex-Im Revolving Lender, the Issuing Banks and the Lenders.

     (b) Financial Statements and Projections. The Lenders shall have received (i) audited
consolidated financial statements of the Company for the 2010 fiscal year, (ii) unaudited interim
consolidated financial statements of the Company for the one month ended January 31, 2011, and such
financial statements shall not, in the reasonable judgment of the Administrative Agent, reflect any
material adverse change in the consolidated financial condition of the Company and (iii)
satisfactory projections through the 2011 fiscal year.

     (c) Closing Certificates; Certified Certificate of Incorporation; Good Standing
Certificates. The Administrative Agent shall have received (i) a certificate of each Loan
Party, dated the Effective Date and executed by its Secretary or Assistant Secretary, which shall
(A) certify the resolutions of its board of directors, members or other body authorizing the
execution, delivery and performance of the Loan Documents to which it is a party, (B) identify by
name and title and bear the signatures of the Financial Officers and any other officers of such
Loan Party authorized to sign the Loan Documents to which it is a party, and (C) contain
appropriate attachments, including the certificate or articles of incorporation or organization of
each Loan Party certified by the relevant authority of the jurisdiction of organization of such
Loan Party and a true and correct copy of its by-laws or operating, management or partnership
agreement, and (ii) a long form good standing certificate or certificate of status, as applicable,
for each Loan Party from its jurisdiction of organization.

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     (d) No Default Certificate. The Administrative Agent shall have received a
certificate, signed by the chief financial officer of each of the Borrower Representative and the
Canadian
Borrower, on the initial Borrowing date (i) stating that no Default has occurred and is
continuing, (ii) stating that the representations and warranties contained in Article III are true
and correct as of such date, and (iii) certifying any other factual matters as may be reasonably
requested by the Administrative Agent.

     (e) Fees. The Lenders and the Agents shall have received all fees required to be
paid, and all expenses for which invoices have been presented (including the reasonable fees and
expenses of legal counsel), on or before the Effective Date. All such amounts will be paid with
proceeds of Loans made on the Effective Date and will be reflected in the funding instructions
given by the Borrower Representative to the Administrative Agent on or before the Effective Date.

     (f) Lien Searches. The Administrative Agent shall have received the results of a
recent lien search of the Borrowers and certain of the other material Loan Parties in each of the
jurisdictions where assets of such Loan Parties are located, and such search shall reveal no liens
on any of the assets of such Loan Parties except for liens permitted by Section 6.02 or discharged
on or prior to the Effective Date pursuant to a pay-off letter or other documentation satisfactory
to the Administrative Agent.

     (g) Approvals. The Administrative Agent shall have received evidence that all
approvals of Governmental Authorities and third parties necessary in connection with this Agreement
have been obtained and shall be in full force and effect.

     (h) Updated Schedules. The Loan Parties shall have provided updated Schedules to this
Agreement, with results acceptable to the Agents and the Lenders.

     (i) Solvency. The Administrative Agent shall have received a solvency certificate
from a Financial Officer.

     (j) Closing Availability. After giving effect to all Borrowings to be made on the
Effective Date and the issuance of any Letters of Credit on the Effective Date and payment of all
fees and expenses due hereunder, and with all of the Loan Parties’ indebtedness, liabilities, and
obligations current, Aggregate Availability shall not be less than $25,000,000.

     (k) Repayment of Term Loans. The Administrative Agent shall have received from the
Company funds sufficient to repay in full the outstanding Original Term A Loans and the outstanding
Original Term B Loans, and the Original Term A Loans and the Original Term B Loans shall have been
repaid in full.

     (l) Tender Offer. The Tender Offer is being consummated substantially concurrently
with this Agreement pursuant to the Offer to Purchase and Consent Solicitation Statement of
Park-Ohio Industries, Inc. dated March 8, 2011, as amended, with the tender of at least 51% of the
amount of the Existing Senior Subordinated Notes not held by an Affiliate of the Company, and the
amendment to the Existing Indenture included in the Fifth Supplemental Indenture shall have become
effective.

     (m) New Senior Notes. The Company and the Domestic Subsidiaries shall have executed
and delivered the New Indenture, the New Senior Notes and all related agreements, instruments and
documents, and the Company shall have received at least $250,000,000 of gross cash proceeds
thereof.

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     (n) Cicero Real Estate Acquisition. The Cicero Real Estate Acquisition shall be
(concurrently with the satisfaction of the other conditions set forth in this Section 4.01)
completed on terms, and pursuant to agreements, reasonably satisfactory to the Administrative
Agent.

     (o) Other Documents. The Administrative Agent shall have received such other
documents as either Agent, any Issuing Bank, any Lender or their respective counsel may have
reasonably requested.

The Administrative Agent shall notify the Borrowers and the Lenders of the Effective Date, and such
notice shall be conclusive and binding.

     Section 4.02 Each Credit Extension.

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

     (a) The representations and warranties of the Borrowers set forth in this Agreement shall be
true and correct in all material respects 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.

     (b) 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, no Default shall have
occurred and be continuing.

     (c) After giving effect to any Borrowing or the issuance of any Letter of Credit, neither the
Aggregate Availability nor the Domestic Availability is less than zero.

     (d) Such Borrowing or Letter of Credit constitutes Indebtedness that may be incurred under
Section 4.09(a) or (b) of the New Indenture.

Each Credit Extension shall be deemed to constitute a representation and warranty by the Borrowers
on the date thereof as to the matters specified in paragraphs (a), (b), (c) and (d) of this
Section.

     Section 4.03 Each Canadian Credit Extension.

     The obligation of each Canadian Revolving Lender to make a Canadian Revolving Loan on the
occasion of any Borrowing, and of the Canadian Issuing Bank to issue, amend, renew or extend any
Canadian Letter of Credit, is subject to the satisfaction of the following conditions in addition
to those set forth in Section 4.02:

     (a) After giving effect to any Borrowing or the issuance of any Letter of Credit, the Canadian
Availability is not less than zero.

     (b) Such Borrowing or Letter of Credit constitutes Indebtedness that may be incurred under
Section 4.09(a) or (b) of the New Indenture.

Each Credit Extension shall be deemed to constitute a representation and warranty by the Canadian
Borrower on the date thereof as to the matters specified in paragraphs (a) and (b) of this Section.

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     Section 4.04 Initial Ex-Im Credit Extension.

     The obligation of the Ex-Im Revolving Lender to make the initial Ex-Im Revolving Loan, and of
the Ex-Im Issuing Bank to issue the initial Ex-Im Letter of Credit, is subject to the satisfaction
of the following conditions in addition to those set forth in Section 4.02 and in Section 4.05:

     (a) The Administrative Agent and the Ex-Im Revolving Lender shall have received satisfactory
evidence that the Ex-Im Borrowers have obtained all necessary consents and approvals from
Ex-Im Bank and are in compliance with the terms and conditions of the Ex-Im Bank Guarantee
program, as well as any special approvals by Ex-Im Bank, if applicable.

     (b) The Administrative Agent and the Ex-Im Revolving Lender shall have received duly executed
copies of (i) all Ex-Im Bank Documents (including all applicable waiver letters executed by Ex-Im
Bank) and necessary application forms required by Ex-Im Bank, (ii) the Fast Track Loan Agreement,
the Ex-Im Note, the Ex-Im Security Agreement and all other applicable Collateral Documents relating
to the Export-Related Collateral, and all related agreements, instruments and documents, each of
the foregoing fully executed and in form and substance satisfactory to the Administrative Agent and
the Ex-Im Revolving Lender and (iii) a written opinion of the Loan Parties’ counsel, addressed to
the Ex-Im Revolving Lender and the Ex-Im Issuing Bank.

     (c) The Administrative Agent and the Ex-Im Revolving Lender shall have received an Ex-Im
Borrowing Base Certificate which calculates the Export-Related Borrowing Base as of the end of the
calendar month immediately preceding the Ex-Im Effective Date.

     (d) The Administrative Agent shall have received (i) a certificate of each Loan Party, dated
the Ex-Im Effective Date and executed by its Secretary or Assistant Secretary, which shall (A)
certify the resolutions of its board of directors, members or other body authorizing the execution,
delivery and performance of the applicable Loan Documents to which it is a party, (B) identify by
name and title and bear the signatures of the Financial Officers and any other officers of such
Loan Party authorized to sign such Loan Documents, and (C) contain appropriate attachments,
including the certificate or articles of incorporation or organization of each Loan Party certified
by the relevant authority of the jurisdiction of organization of such Loan Party and a true and
correct copy of its by-laws or operating, management or partnership agreement, and (ii) a long form
good standing certificate or certificate of status, as applicable, for each Loan Party from its
jurisdiction of organization.

     (e) The Administrative Agent shall have received a certificate, signed by the chief financial
officer of each Ex-Im Borrower, on the initial Ex-Im Effective Date (i) stating that no Default has
occurred and is continuing, (ii) stating that the representations and warranties contained in
Article III are true and correct as of such date, and (iii) certifying any other factual matters as
may be reasonably requested by the Administrative Agent.

     (f) The Ex-Im Revolving Lender shall have received all fees required to be paid, and all
expenses for which invoices have been presented (including the reasonable fees and expenses of
legal counsel), on or before the Ex-Im Effective Date. All such amounts will be paid with proceeds
of Loans made on the Ex-Im Effective Date.

     (g) Each document (including any Uniform Commercial Code financing statement required by the
Collateral Documents, or under law or reasonably requested by the Administrative Agent to be filed,
registered or recorded in order to create in favor of the Ex-Im Revolving Lender, a perfected Lien
on the Collateral described therein, prior and superior in right to any other Person (other than
with respect to Liens expressly permitted by Section 6.02), shall be in proper form for filing,
registration or recordation.

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     (h) If required by the Administrative Agent in its discretion, completion of an updated field
examination of the Export-Related Accounts and Export-Related Inventory of the Ex-Im Credit Party,
with results satisfactory to the Administrative Agent.

     (i) The Administrative Agent shall have received such other documents as the Ex-Im Revolving
Lender or its counsel may have reasonably requested.

The Agent shall notify the Borrower and the Lenders of the Ex-Im Effective Date, and such notice
shall be conclusive and binding.

     Section 4.05 Each Ex-Im Credit Extension.

     The obligation of the Ex-Im Revolving Lender to make an Ex-Im Revolving Loan on the occasion
of any Borrowing, and of the Ex-Im Issuing Bank to make, amend, renew or extend any Ex-Im Letter of
Credit, is subject to satisfaction of the following conditions in addition to those set forth in
Section 4.02 and 4.04:

     (a) After giving effect to any Borrowing or the issuance of any Letter of Credit, the Ex-Im
Availability is not less than zero.

     (b) Such Borrowing or Letter of Credit constitutes Indebtedness that may be incurred under
Section 4.09(a) or (b) of the New Indenture.

     (c) Each Ex-Im Bank Document and the Fast Track Loan Agreement shall each be in full force and
effect.

     (d) All conditions to such Credit Extension contained in the Fast Track Loan Agreement and the
Ex-Im Bank Documents shall have been satisfied, and the Ex-Im Revolving Lender shall be permitted
under the Ex-Im Bank Guarantee to make Credit Extensions hereunder.

Each Credit Extension shall be deemed to constitute a representation and warranty by the Ex-Im
Borrowers on the date thereof as to the matters specified in paragraphs (a), (b), (c) and (d) 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, each Loan
Party executing this Agreement covenants and agrees, jointly and severally with all of the Loan
Parties, with the Lenders that:

     Section 5.01 Financial Statements; Borrowing Base and Other Information.

     The Borrowers will furnish, through the Administrative Agent, to each Lender:

     (a) within 120 days after the end of each fiscal year of the Company, (i) 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 independent public accountants or
chartered accounting firm, as applicable, acceptable to the Administrative Agent (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

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financial statements present fairly in
all material respects the financial condition and results of operations of the Company and its
consolidated Subsidiaries on a consolidated basis in accordance with GAAP consistently applied,
accompanied by any management letter prepared by said accountants; and (ii) its unaudited
consolidating 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 certified by one of the Financial Officers of the
Borrower Representative as presenting fairly in all material respects the financial condition and
results of operations of the Company and each of its Subsidiaries in accordance with GAAP
consistently applied, subject to normal year-end audit adjustments and the absence of footnotes;

     (b) within 50 days after the end of each of the first three fiscal quarters of the Company,
its consolidated and consolidating 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 the Financial Officers of the Borrower Representative
as presenting fairly in all material respects the financial condition and results of operations of
the Company and its consolidated Subsidiaries on a consolidated basis in accordance with GAAP
consistently applied, subject to normal year-end audit adjustments and the absence of footnotes;

     (c) within 30 days after the end of each fiscal month of the Company, its consolidated and
consolidating balance sheet and related statements of operations, stockholders’ equity and cash
flows as of the end of and for such fiscal month 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 Company and its consolidated Subsidiaries on a
consolidated basis in accordance with GAAP consistently applied, subject to normal year-end audit
adjustments and the absence of footnotes;

     (d) concurrently with any delivery of financial statements under clause (a) or (b) or (c)
above, a certificate of a Financial Officer of the Borrower Representative in substantially the
form of Exhibit D (i) certifying, in the case of the financial statements delivered under
clause (b) or (c), as presenting fairly in all material respects the financial condition and
results of operations of the Company and its consolidated Subsidiaries on a consolidated basis in
accordance with GAAP consistently applied, subject to normal year-end audit adjustments and the
absence of footnotes, (ii) 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, (iii) setting forth reasonably detailed calculations demonstrating compliance with Section
6.13 and (iv) 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;

     (e) concurrently with any delivery of financial statements under clause (a) above, a
certificate of the accounting firm that reported on such financial statements stating whether they
obtained knowledge during the course of their examination of such financial statements of any
Default (which certificate may be limited to the extent required by accounting rules or
guidelines);

     (f) as soon as available, but in any event not more than 30 days after the end of each fiscal
year of the Company, a draft copy, on a business unit basis, of the plan and forecast of the
Company and its Subsidiaries for the next fiscal year on an annual basis and, not more than 90 days
after the end of such fiscal year, a final copy of the plan and forecast (including a projected
consolidated and consolidating balance sheet, income statement and funds flow statement) of the
Company for each fiscal

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quarter of the upcoming fiscal year (the “Projections”) in form
reasonably satisfactory to the Administrative Agent;

     (g) as soon as available but in any event within 3 Business Days after the end of each
calendar week, an Aggregate Borrowing Base Certificate, together with a Domestic Borrowing Base
Certificate, a Canadian Borrowing Base Certificate, and at all times after the Ex-Im Effective
Date, an Ex-Im Borrowing Base Certificate and supporting information in connection therewith
(including copies of all applicable Export Orders), together with any additional reports with
respect to the Aggregate Borrowing Base, the Domestic Borrowing Base, the Canadian Borrowing Base
or the Export-Related Borrowing Base as the Administrative Agent may reasonably request (unless the
Administrative Agent otherwise requests, the weekly Borrowing Base Certificates shall include
updates of gross Accounts and gross Export-Related Accounts, but only the Borrowing Base
Certificates delivered with respect to the
last week in each calendar month shall include updates of (1) gross Inventory, (2) gross
Export-Related Inventory, (3) Inventory and Export-Related Inventory ineligibles and (4) Accounts
and Export-Related Accounts ineligibles; provided, that the Borrowers will only be required to
deliver (i) Ex-Im Borrowing Base Certificates on a monthly basis (within 20 days after the end of
each calendar month) during any period after the Ex-Im Effective Date that average monthly
Aggregate Availability for any calendar month exceeds the Base Availability Amount, as well as at
such other times as the Administrative Agent reasonably requests, but not more often than once per
calendar week, and (ii) Domestic Borrowing Base Certificates, Canadian Borrowing Base Certificates
and Aggregate Borrowing Base Certificates on a monthly basis (within 20 days after the end of each
calendar month) during any period that average monthly Aggregate Availability for any calendar
month exceeds the Base Availability Amount, as well as at such other times as the Administrative
Agent reasonably requests, but not more often than once per calendar week;

     (h) as soon as available but in any event within 20 days after the end of each calendar month,
borrowing base certificates for each Loan Party with respect to its individual borrowing base and
Export-Related borrowing base (if applicable) for the immediately preceding month;

     (i) together with the Borrowing Base Certificates described in clause (g) above, and at such
other times as may be requested by the Administrative Agent, as of the period then ended, all
delivered electronically in a text formatted file acceptable to the Administrative Agent:

     (i) a detailed aging of each Loan Party’s Accounts and Export-Related Accounts
(1) including all invoices aged by invoice date and due date (with an explanation of
the terms offered) and (2) reconciled to the Aggregate Borrowing Base Certificate
and the other Borrowing Base Certificates delivered as of such date prepared in a
manner reasonably acceptable to the Administrative Agent, together with a summary
specifying the name, address, and balance due for each Account Debtor;

     (ii) a schedule detailing each Loan Party’s Inventory and Export-Related
Inventory, in form satisfactory to the Administrative Agent, (1) by location
(showing Inventory in transit, any Inventory located with a third party under any
consignment, bailee arrangement, or warehouse agreement), by class (raw material,
work-in-process and finished goods), by product type, and by volume on hand, which
Inventory shall be valued at the lower of cost (determined on a first-in, first-out
basis) or market and adjusted for Reserves as the Administrative Agent has
previously indicated to the Borrower Representative are deemed by the Administrative
Agent to be appropriate, (2) including a report of any variances or other results of
Inventory and Export-Related Inventory counts performed by the Borrowers since the
last Inventory schedule (including information regarding sales or other reductions,
additions, returns, credits issued by Borrowers and complaints and claims made
against the Borrowers), and (3) reconciled to the Aggregate Borrowing Base
Certificate and the individual Borrowing

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Base Certificates delivered as of such
date, provided that such schedule may be delivered in similar form and continuing
said information as the Borrowers have been providing under the original Credit
Agreement, or if so determined by the Administrative Agent, such alternative form
and containing such alternative information as may be otherwise acceptable to the
Administrative Agent;

     (iii) a worksheet of calculations prepared by the Borrowers to determine
Eligible Accounts, Eligible Inventory, Eligible Export-Related Inventory and
Eligible Export-Related Accounts, such worksheets detailing the Accounts, Inventory,
Export-Related Accounts and Export-Related Inventory excluded from Eligible
Accounts, Eligible Inventory, Eligible Export-Related Inventory and Eligible
Export-Related Accounts, as applicable, and the reason for such exclusion;

     (iv) a reconciliation of the Loan Parties’ Accounts, Inventory, Export-Related
Accounts and Export-Related Inventory between the amounts shown in the Borrowers’
general ledger and financial statements and the reports delivered pursuant to
clauses (i) and (ii) above; and

     (v) a reconciliation of the loan balance per the Borrowers’ general ledger to
the loan balance under this Agreement;

     (j) together with the Borrowing Base Certificates described in clause (g) above, and at such
other times as may be requested by the Administrative Agent, as of the month then ended, a schedule
and aging of the Loan Parties’ accounts payable, delivered electronically in a text formatted file
acceptable to the Administrative Agent;

     (k) promptly upon the Administrative Agent’s request:

     (i) copies of invoices in connection with the invoices issued by the Loan
Parties in connection with any Accounts, Export-Related Accounts, credit memos,
shipping and delivery documents, and other information related thereto;

     (ii) copies of purchase orders, invoices, and shipping and delivery documents
in connection with any Inventory or Export-Related Inventory purchased by any Loan
Party; and

     (iii) a schedule detailing the balance of all intercompany accounts of the Loan
Parties;

     (l) together with the Borrowing Base Certificates described in clause (g) above, and at such
other times as may be requested by the Administrative Agent, as of the period then ended, the Loan
Parties’ sales journal, cash receipts journal (identifying trade and non-trade cash receipts) and
debit memo/credit memo journal;

     (m) promptly upon the Administrative Agent’s request, but not more often than one time in each
12 month period, a true and complete customer list for each Loan Party, which list shall state the
customer’s name, mailing address and phone number and shall be certified as true and correct by a
Financial Officer of the Borrower Representative; provided, that so long as Aggregate Availability
is less than the Base Availability Amount, such customer lists shall be delivered at any time that
the Administrative Agent shall request, but not more often than three times in each 12 month
period;

     (n) together with each set of financial statements required to be delivered under Section
5.01(a), a certificate of good standing for each Domestic Loan Party and a Certificate of Status

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for each Canadian Loan Party, in each case from the appropriate governmental officer in its
jurisdiction of incorporation, formation, or organization;

     (o) promptly after the same become publicly available, copies of all periodic and other
reports, proxy statements and other materials filed by Holdings or any Loan Party 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, or distributed by Holdings
or any Loan Party to its shareholders generally, as the case may be;

     (p) as soon as possible and in any event within 270 days after the close of each fiscal year
of the Company, a statement of the unfunded liabilities of each Plan, certified as correct by an
actuary enrolled under ERISA; and

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

Information required to be delivered pursuant to this Section 5.01 (to the extent not otherwise
previously delivered) shall be deemed to have been delivered to the Administrative Agent on the
date on which such information (i) has been posted on the Company’s website on the Internet at
http://www.pkoh.com or (ii) is made available via EDGAR, or any successor system of the Securities
and Exchange Commission, on the Company’s Annual Report on Form 10-K, Quarterly Report on Form
10-Q, or 8-K, as applicable.

     Section 5.02 Notices of Material Events.

     The Borrowers will furnish to the Administrative Agent prompt written notice of the following:

     (a) the occurrence of any Default;

     (b) receipt of any notice of any governmental investigation or any litigation or proceeding
commenced or threatened against any Loan Party that (i) seeks damages in excess of $5,000,000, (ii)
could reasonably be expected to have a Material Adverse Effect, (iii) is asserted or instituted
against any Plan, its fiduciaries or its assets involving claims or damages in excess of
$5,000,000, (iv) alleges criminal misconduct by any Loan Party, (v) alleges the violation of any
law regarding, or seeks remedies in connection with, any Environmental Laws involving claims or
damages in excess of $2,500,000, (vi) contests any tax, fee, assessment, or other governmental
charge in excess of $2,000,000, or (vii) involves any product recall, to the extent that such
product recall could reasonably be expected to have a Material Adverse Effect;

     (c) any Lien (other than Permitted Encumbrances) or claim made or asserted against any
material portion of the Collateral;

     (d) any loss, damage, or destruction to the Collateral in the amount of $1,000,000 or more,
whether or not covered by insurance;

     (e) all material default notices received under or with respect to any leased location or
public warehouse where Collateral with a value in excess of $1,000,000 is located (which shall be
delivered within two Business Days after receipt thereof);

     (f) all material amendments to specify real estate leases where Collateral with a value in
excess of $1,000,000 is located, together with a copy of each such amendment;

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     (g) the fact that a Loan Party has entered into a Swap Agreement or an amendment to a Swap
Agreement other than, in each case, any Swap Agreement with either Agent, together with copies of
all agreements evidencing such Swap Agreement or amendments thereto (which shall be delivered
within two Business Days);

     (h) the occurrence of any ERISA Event;

     (i) any written notice given by the holder of any Indebtedness of any Loan Party in excess of
$5,000,000 that any default exists with respect thereto;

     (j) receipt of any written notice that any Loan Party is subject to any investigation by any
governmental entity with respect to any potential or alleged violation of any applicable
Environmental Law that could reasonably be expected to have a Material Adverse Effect or of
imposition
of any Lien against any Property of any Loan Party for any material liability with respect to
damages arising from, or costs resulting from, any violation of any Environmental Laws;

     (k) unless otherwise permitted hereunder and under the other Loan Documents, any change in (i)
such Loan Party’s name or type of entity, (ii) such Loan Party’s articles or certificate of
incorporation, partnership agreement, certificate of partnership, articles or certificate of
organization, by-laws, or operating or other management agreement, (iii) the location of its
principal place of business or its jurisdiction of organization or formation, (iv) the location
where any Export-Related Collateral is held or maintained, (v) the location where any Collateral
(other than Export-Related Collateral) with an aggregate value in excess of $500,000 is held or
maintained, or (vi) the location of any of the books or records related to the Collateral; provided
that in no event shall the Administrative Agent receive notice of such change less than ten days
prior thereto with respect to clause (ii) or thirty days prior thereto with respect to the rest of
this subparagraph;

     (l) the opening of any new deposit account by any Loan Party with any bank or other financial
institution other than either Agent;

     (m) any notice provided to the trustee or any holder of an Existing Senior Subordinated Note
under the Existing Indenture or the Existing Senior Subordinated Notes, such notice to be
contemporaneously delivered by the Company to the Administrative Agent and the Lenders;

     (n) any notice provided to the trustee or any holder of a New Senior Note under the New
Indenture or the New Senior Notes, such notice to be contemporaneously delivered by the Company to
the Administrative Agent and the Lenders;

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

     (p) any other matter as either Agent may reasonably request.

Each notice delivered under this Section shall be accompanied by a statement of a Financial Officer
or other executive officer of the Borrower Representative 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.

     Each Loan Party will (a) 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, qualifications, licenses,
permits, franchises, governmental authorizations, intellectual property rights, licenses and
permits material to the conduct of its business, and maintain all requisite authority to conduct
its business in each jurisdiction in

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which its business is conducted, except to the extent that any
such failure would not reasonably be expected to result in a Material Adverse Effect;
provided that the foregoing shall not prohibit any merger, consolidation, liquidation or
dissolution permitted under Section 6.03 and (b) carry on and conduct its business in substantially
the same manner and in substantially the same fields of enterprise (and logical extensions
thereof), taken as a whole, as it is presently conducted.

     Section 5.04 Payment of Obligations.

     Each Loan Party will pay or discharge all Material Indebtedness and all other material
liabilities and obligations, including Taxes, 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 diligently pursued, (b) such Loan Party has set aside on its books adequate
reserves with respect thereto in accordance with GAAP, (c) such liabilities would not result in an
Event of Default and no material
portion of the Collateral becomes subject to forfeiture or loss as a result of the contest,
and (d) no Lien shall be imposed to secure payment of such Liabilities that is superior to the
Agent’s Liens.

     Section 5.05 Maintenance of Properties.

     Each Loan Party will 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.

     Each Loan Party will (a) keep proper books of record and account in which full, true and
correct entries are made of all dealings and transactions in relation to its business and
activities, in each case, in all material respects, and (b) permit any representatives designated
by the Administrative Agent (including employees of the Administrative Agent, any Lender or any
consultants, accountants, lawyers and appraisers retained by the Administrative Agent), upon two
Business Days prior notice, to visit and inspect its properties, to conduct field examinations and
to examine and make extracts from its books and records, including environmental assessment reports
and Phase I or Phase II studies, to discuss its affairs, finances and condition with its officers
and independent accountants (provided that a representative of the Borrower Representative is given
the opportunity to be present), and to review, evaluate and make test verifications and counts of
the Accounts, Inventory, Export-Related Accounts, Export-Related Inventory and other Collateral of
such Loan Party. After the Ex-Im Effective Date, the Administrative Agent will conduct four (4)
such field examinations of the Ex-Im Credit Party in each fiscal year; provided, that (i)
if Aggregate Availability is equal to or greater than the Base Availability Amount for 60
consecutive days, only two (2) such field examinations shall be required during the applicable
fiscal year, unless Aggregate Availability is subsequently less than the Base Availability Amount
for 60 consecutive days, in which case the number of field examinations will revert to four (4) per
fiscal year and (ii) notwithstanding the foregoing, at any time that an Event of Default has
occurred and is continuing, the Administrative Agent shall be entitled to conduct as many field
examinations of the Ex-Im Credit Party as the Administrative Agent elects. The Administrative
Agent will conduct one (1) such field examination of the Loan Parties in each fiscal year;
provided, that (A) if, during the period comprised of the twelve (12) fiscal months immediately
prior to the scheduled commencement of the first field examination in any fiscal year, Aggregate
Availability is less than the Base Availability Amount for three (3) consecutive Business Days or
any five (5) Business Days in any of such fiscal months, the Administrative Agent may conduct a
second field examination during such fiscal year and (B) notwithstanding the foregoing, at any time
that an Event of Default has occurred and is continuing, the Administrative Agent shall be entitled
to conduct as many field examinations of such Loan Parties as the Administrative Agent elects. If
an Event of Default has occurred and is continuing, each Loan Party shall provide such access to
the Administrative Agent and each Lender at all times and without advance notice. Furthermore, so
long as any Event of Default has occurred and is continuing, each Loan Party shall provide
Administrative Agent and each Lender with access to its suppliers, all at such reasonable times and
as often as reasonably requested. The

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Loan Parties acknowledge that the Administrative Agent,
after exercising its rights of inspection, may prepare and distribute to the Lenders certain
Reports pertaining to the Loan Parties’ assets for internal use by the Administrative Agent and the
Lenders.

     Section 5.07 Compliance with Laws.

     Each Loan Party will comply with all Requirements of Law applicable to 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.

     Section 5.08 Use of Proceeds.

     The proceeds of Ex-Im Revolving Loans and the Ex-Im Letters of Credit shall be used only for
purposes permitted under the Fast Track Loan Agreement and the Ex-Im Bank Borrower
Agreement. The proceeds of the other Credit Extensions will be used only for general
corporate purposes. The Loan Parties will not use any of the proceeds of the Credit Extensions in
any manner not permitted under the Existing Indenture or the New Indenture or any manner that would
otherwise cause a default under or a breach of the Existing Indenture or the New Indenture. No
part of the proceeds of any Loan and no Letter of Credit 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.

     Section 5.09 Insurance.

     (a) Each Loan Party will maintain with financially sound and reputable carriers having a
financial strength rating of at least A- by A.M. Best Company (i) insurance in such amounts (with
no greater risk retention) and against such risks (including loss or damage by fire and loss in
transit; theft, burglary, pilferage, larceny, embezzlement, and other criminal activities; business
interruption; and general liability) and such other hazards, as is customarily maintained by
companies of established repute engaged in the same or similar businesses operating in the same or
similar locations and (ii) all insurance required pursuant to the Collateral Documents. The
Borrowers will furnish to the Lenders, upon request of the Administrative Agent, information in
reasonable detail as to the insurance so maintained.

     (b) All such insurance shall be in amounts, cover such assets and be under policies customary
with the Loan Parties’ business and acceptable to the Administrative Agent in its Permitted
Discretion. In the event any Collateral is located in any area that has been designated by the
Federal Emergency Management Agency as a “Special Flood Hazard Area,” the applicable Loan Party
shall purchase and maintain flood insurance on such Collateral (including any personal Property
which is located on any Real Property leased by such Loan Party within a “Special Flood Hazard
Area”). The amount of all insurance required by this Section 5.09 shall at a minimum comply with
applicable law, including the Flood Disaster Protection Act of 1973, as amended. All premiums on
such insurance shall be paid when due by the applicable Loan Party. If any Loan Party fails to
obtain any insurance as required by this Section, the Administrative Agent may obtain such
insurance at the Company’s expense. By doing so, the Lenders shall not be deemed to have waived
any Default arising from any Loan Party’s failure to maintain such insurance or pay any premiums
therefor. No Loan Party will use or permit any property to be used in material violation of
applicable law or in any manner which might render inapplicable any insurance coverage.

     (c) All insurance policies required under this Section 5.09 (a) shall name the applicable
Agent as an additional insured or as loss payee, as applicable, and shall provide that, or contain
loss payable clauses, in form and substance satisfactory to the Administrative Agent, which provide
that:

     (i) all proceeds thereunder with respect to any Collateral shall be payable to
the applicable Agent;

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     (ii) no such insurance shall be affected by any act or neglect of the insured
or owner of the property described in such policy; and

     (iii) such policy and loss payable clauses may be canceled, amended, or
terminated only upon at least thirty days prior written notice given to the
applicable Agent.

     Section 5.10 Casualty and Condemnation.

     The Borrowers (a) will furnish to the Agents and the Lenders prompt written notice of any
casualty or other insured damage to any material portion of the Collateral or the commencement of
any action or proceeding for the taking of any material portion of the Collateral or interest
therein under power of eminent domain or by condemnation or similar proceeding and (b) will ensure
that the Net Proceeds of any such event (whether in the form of insurance proceeds, condemnation
awards or
otherwise) are collected and applied in accordance with the applicable provisions of this
Agreement and the Collateral Documents

     Section 5.11 Appraisals.

     At any time that the Administrative Agent requests, the Loan Parties will provide the
Administrative Agent with appraisals or updates thereof of their Inventory and Export-Related
Inventory from an appraiser selected and engaged by the Administrative Agent, and prepared on a
basis satisfactory to the Administrative Agent, such appraisals and updates to include, without
limitation, information required by applicable law and regulations; provided, however, that if no
Default has occurred and is continuing, one such appraisal of Inventory and Export-Related
Inventory shall be completed in each calendar year at the sole expense of the Loan Parties.

     Section 5.12 Depository Banks.

     Each Loan Party will maintain the Administrative Agent in the United States of America and the
Canadian Agent in Canada as their principal depository banks, including for the maintenance of
operating, administrative, cash management, collection activity, and other deposit accounts for the
conduct of their businesses.

     Section 5.13 Additional Collateral; Further Assurances.

     (a) Subject to applicable law, each Loan Party shall, except as otherwise permitted hereunder
(i) cause each Subsidiary of the Company (other than a Foreign Subsidiary and other than an
Excluded Subsidiary) to become or remain a Loan Party and a Guarantor of all of the Obligations and
(ii) cause each of its Subsidiaries (other than a Foreign Subsidiary) formed or acquired after the
date of this Agreement in accordance with the terms of this Agreement to become a Loan Party by
executing the Joinder Agreement set forth as Exhibit B hereto (the “Joinder
Agreement”). Upon execution and delivery thereof, each such Person (i) shall automatically
become a Domestic Loan Guarantor hereunder and thereupon shall have all of the rights, benefits,
duties, and obligations in such capacity under the Loan Documents, (ii) will grant Liens to the
Administrative Agent, for the benefit of the Administrative Agent and the Lenders, in any property
of such Loan Party which constitutes Collateral and (iii) will grant Liens to the Ex-Im Revolving
Lender in any property of such Loan Party which constitutes Collateral.

     (b) Each Canadian Loan Party (other than the Canadian Borrower) now or hereafter formed or
acquired shall guaranty the Canadian Obligations pursuant to a Joinder Agreement or a separate Loan
Guaranty and grant Liens to the Canadian Agent, for the benefit of the Canadian Agent and the
Canadian Revolving Lenders, in any property of such Canadian Loan Party which constitutes
Collateral.

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     (c) Holdings will cause 100% of the issued and outstanding Equity Interests of the Company to
be subject at all times to a first priority, perfected Lien in favor of the Administrative Agent
and a second priority, perfected Lien in favor of the Ex-Im Revolving Lender, each pursuant to the
terms and conditions of the Loan Documents or other security documents as the Administrative Agent
shall reasonably request. Each Borrower and each Subsidiary that is a Loan Party will cause (i)
100% of the issued and outstanding Equity Interests of each of its Domestic Subsidiaries (and all
other Subsidiaries in the case of Equity Interests owned by the Canadian Borrower and each of its
Subsidiaries) and (ii) 65% (or such greater percentage that, due to a change in an applicable law
after the Effective Date, (1) could not reasonably be expected to cause the undistributed earnings
of such Foreign Subsidiary as determined for United States federal income tax purposes to be
treated as a deemed dividend to such Foreign Subsidiary’s United States parent and (2) could not
reasonably be expected to cause any material adverse tax consequences) of the issued and
outstanding Equity Interests entitled to vote (within the meaning of Treas. Reg. Section
1.956-2(c)(2)) and 100% of the issued and outstanding Equity Interests not entitled to vote (within
the meaning of Treas. Reg. Section 1.956-2(c)(2)) in each Foreign Subsidiary directly owned
by the Company or any of its Domestic Subsidiaries to be subject at all times to a first
priority, perfected Lien in favor of the Administrative Agent and a second priority, perfected Lien
in favor of the Ex-Im Revolving Lender, in each case pursuant to the terms and conditions of the
Loan Documents or other security documents as the Administrative Agent shall reasonably request.

     (d) Without limiting the foregoing, each Loan Party will, and will cause each Subsidiary to,
execute and deliver, or cause to be executed and delivered, to the Administrative Agent such
documents, agreements and instruments, and will take or cause to be taken such further actions
(including the filing and recording of financing statements and other documents and such other
actions or deliveries of the type required by Section 4.01, as applicable), which may be required
by law or which the Administrative Agent may, from time to time, reasonably request to carry out
the terms and conditions of this Agreement and the other Loan Documents and to ensure perfection
and priority of the Liens created or intended to be created by the Collateral Documents, all at the
expense of the Loan Parties.

     (e) If any material assets (other than Excluded Assets) are acquired by any Loan Party after
the Effective Date (other than assets constituting Collateral under the Security Agreements that
become subject to the Lien under the Security Agreements upon acquisition thereof), the Borrower
Representative will notify the Administrative Agent and the Lenders thereof, and, if requested by
the Administrative Agent or the Required Lenders, the Borrowers will cause such assets to be
subjected to a Lien securing the Secured Obligations, the Canadian Obligations and/or the Ex-Im
Obligations, as applicable, and will take, and cause the other Loan Parties to take, such actions
as shall be necessary or reasonably requested by the Administrative Agent to grant and perfect such
Liens, including actions described in paragraph (d) of this Section, all at the expense of the Loan
Parties.

     Section 5.14 [Reserved].

     Section 5.15 Communications with Accountants.

     Each Loan Party authorizes (a) each Agent, and (b) so long as a Default has occurred and is
continuing, each Lender, to communicate, upon advance notice to the Company, directly with its
independent certified public accountants and authorizes and shall instruct those accountants and
advisors to communicate to each Agent and each Lender information relating to any Loan Party with
respect to the business, results of operations and financial condition of any Loan Party, provided
that the Borrower Representative is provided advance notice of any such communication and the
opportunity to be present.

     Section 5.16 Collateral Access Agreements, Use of and Access to Excluded
Assets.

     (a) Each Loan Party shall use commercially reasonable efforts to obtain a Collateral Access
Agreement from the lessor of each leased Real Property, mortgagee of owned Real Property or

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bailee
or consignee with respect to any warehouse, processor or converter facility or other location where
Collateral is stored or located, which agreement or letter shall contain a waiver or subordination
of all Liens or claims that the landlord, mortgagee or bailee or consignee may assert against the
Collateral at that location, and shall otherwise be reasonably satisfactory in form and substance
to the Administrative Agent. After the Effective Date, no Real Property or warehouse space shall
be leased by any Loan Party and no Inventory or Export-Related Inventory shall be shipped to a
processor or converter under arrangements established after the Effective Date without the prior
written consent of the Administrative Agent (which consent, in the Administrative Agent’s
discretion, may be conditioned upon the establishment of a reserve equal to 3 months rent at that
location) or, unless and until a satisfactory Collateral Access Agreement shall first have been
obtained with respect to such location. Each Loan Party shall timely and fully pay and perform in
all material respects its obligations under all leases and other agreements with respect to each
leased location or third party warehouse where any Collateral is or may be located. In addition,
after the Effective Date, no Loan Party shall grant to any Person a Lien on any of its owned Real
Property unless the Person receiving such Lien provides to the Administrative Agent a Collateral
Access Agreement as described herein. Each Loan Party shall timely and fully pay
and perform in all material respects its obligations under any financing arrangements that it
enters into with respect to such owned Real Property.

     (b) After the Effective Date, no Loan Party shall grant to any Person a Lien on any
Intellectual Property of such Loan Party unless the Person receiving such Lien provides to the
Administrative Agent a written agreement permitting the Administrative Agent to use such
Intellectual Property without charge for a period of ninety (90) days, and which is otherwise
reasonably satisfactory in form and substance to the Administrative Agent. Each Loan Party shall
timely and fully pay and perform in all material respects its obligations under any financing
arrangements that it enters into with respect to such Intellectual Property.

     (c) After the Effective Date, in the event that the Loan Parties undertake any financing in an
amount greater than $15,000,000 that is secured by Equipment, no Loan Party shall grant to any
Person a Lien on any such Equipment of such Loan Party (other than a Lien granted to secure
Indebtedness of the types described in Section 6.01(e) in connection with the acquisition or lease
of newly acquired Equipment) unless the Person receiving such Lien provides to the Administrative
Agent a written agreement permitting the Administrative Agent to use such Equipment without charge
for a period of forty-five (45) days, and which is otherwise reasonably satisfactory in form and
substance to the Administrative Agent. Each Loan Party shall timely and fully pay and perform in
all material respects its obligations under any financing arrangements that it enters into with
respect to such Equipment.

     Section 5.17 Subordination of Intercompany Notes.

     (a) All Indebtedness evidenced by an Intercompany Note, together with all accrued interest
thereon, and any other indebtedness for borrowed money now owing or which hereafter may become
owing by or from a Loan Party to any other Loan Party, howsoever such indebtedness may be hereafter
created, extended, renewed or evidenced, together with all accrued interest thereon and any and all
other obligations and liabilities of any kind owing by or from a Loan Party to any other Loan Party
shall at all times and in all respects be subordinate and junior in right of payment to any and all
obligations, liabilities and indebtedness of any kind of the Loan Parties to the Lenders, and their
respective successors and assigns, including, without limitation, the Obligations, Guaranteed
Obligations and any extensions, renewals, modifications, and amendments thereof and all accrued
interest thereon and any fees owing by the Loan Parties to the Agents and the Lenders.

     (b) Unless and until (i) all of the Guaranteed Obligations shall have been fully and finally
paid and satisfied and (ii) all financing arrangements, including, but not limited to this
Agreement, among the Borrowers, the other Loan Parties, the Agents and the Lenders have been
terminated, no Loan Party shall, without the prior written consent of the Administrative Agent: (A)
enforce or exercise any

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right of demand or setoff or commence any legal or other action against any
other Loan Party to collect upon any Intercompany Note; (B) take or accept any collateral or
security with respect to the obligations evidenced by any Intercompany Note; (C) commence
foreclosure or any other similar type of proceedings or exercise any similar remedies in respect of
any collateral for the obligations evidenced by any Intercompany Note; (D) enforce any judgment
that it might obtain with respect to the obligations evidenced by the Intercompany Notes; or (E)
commence or join with any other creditor or creditors of the Loan Parties in commencing any
bankruptcy, reorganization or insolvency proceedings against such Loan Party. All rights, liens
and security interests of each Loan Party in any assets of any other Loan Party and/or any other
person securing the obligations evidenced by any Intercompany Note, whether now or hereafter
arising and howsoever existing, shall be and hereby are subordinated to the rights and interests of
the Agents under this Agreement and the other Loan Documents and in those assets. The Loan Parties
shall have no right to possession of any such assets or to foreclose or execute upon any such
assets, whether by judicial action or otherwise. The Loan Parties represent and warrant that all
Intercompany Notes are and will remain unsecured.

ARTICLE VI

Negative Covenants

     Until the Commitments have expired or terminated and the principal of and interest on each
Loan and all fees, expenses and other amounts payable under any Loan Document have been paid in
full and all Letters of Credit have expired or terminated and all LC Disbursements shall have been
reimbursed, the Loan Parties covenant and agree, jointly and severally, with the Lenders that:

     Section 6.01 Indebtedness.

     No Loan Party will create, incur or suffer to exist any Indebtedness, except:

     (a) the Secured Obligations;

     (b) Indebtedness existing on the Effective Date and set forth on Schedule 6.01 and
extensions, renewals and replacements of any such Indebtedness in accordance with clause (f)
hereof;

     (c) Indebtedness of any Loan Party to another Loan Party provided, that:

     (i) the applicable Loan Parties shall have executed and delivered to such Loan
Party one or more demand notes (collectively, the “Intercompany Notes”) to evidence
any such intercompany Indebtedness owing at any time by any Loan Party to any other
Loan Party, which Intercompany Notes shall be in form and substance reasonably
satisfactory to the Administrative Agent and shall be pledged to the Administrative
Agent and the Ex-Im Revolving Lenders pursuant to the Security Agreements and
delivered to the Administrative Agent, as additional collateral security for the
Secured Obligations;

     (ii) the Loan Parties shall record all intercompany transactions on their books
and records in a manner reasonably satisfactory to the Administrative Agent;

     (iii) the obligations of the Loan Parties under any such Intercompany Notes
shall be subordinated to the Obligations of the Loan Parties hereunder in a manner
reasonably satisfactory to the Administrative Agent;

     (iv) at the time any such intercompany loan or advance is made by a Loan Party
and after giving effect thereto, such Loan Party shall be solvent;

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     (v) no Default would occur and be continuing after giving effect to any such
proposed intercompany loan;

     (vi) each intercompany loan from any Borrower shall be to a Loan Party that is
wholly owned by such Borrower or any wholly owned Subsidiary of such Borrower; and

     (vii) all such Indebtedness under Intercompany Notes shall otherwise constitute
Permitted Debt (as defined in the New Indenture).

     (d) Guarantees by any Borrower of Indebtedness of any Loan Party and by any Loan Party of
Indebtedness of any Borrower or any other Loan Party, provided that (i) the Indebtedness so
Guaranteed is permitted by this Section 6.01 and (iii) Guarantees permitted under this clause (d)
shall be subordinated to the Secured Obligations of the applicable Subsidiary on the same terms as
the Indebtedness so Guaranteed is subordinated to the Secured Obligations;

     (e) Indebtedness of any Loan Party incurred to finance the acquisition, construction or
improvement of any fixed or capital assets (whether or not constituting purchase money
Indebtedness), 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 in accordance with
clause (f) hereof; provided that (i) such Indebtedness is incurred prior to or within 180
days after such acquisition or the completion of such construction or improvement and (ii) the
aggregate principal amount of Indebtedness permitted by this clause (e) shall not exceed
$15,000,000 incurred in any fiscal year;

     (f) Indebtedness which represents an extension, refinancing, or renewal of any of the
Indebtedness described in clauses (b) and (e) hereof; provided that, (i) the
principal amount or interest rate of such Indebtedness is not increased, (ii) any Liens securing
such Indebtedness are not extended to any additional property of any Loan Party, (iii) no Loan
Party that is not originally obligated with respect to repayment of such Indebtedness is required
to become obligated with respect thereto, (iv) such extension, refinancing or renewal does not
result in a shortening of the average weighted maturity of the Indebtedness so extended, refinanced
or renewed, (v) the terms of any such extension, refinancing, or renewal are not materially less
favorable to the obligor thereunder than the original terms of such Indebtedness and (iv) if the
Indebtedness that is refinanced, renewed, or extended was subordinated in right of payment to the
Secured Obligations, then the terms and conditions of the refinancing, renewal, or extension
Indebtedness must include subordination terms and conditions that are at least as favorable to the
Administrative Agent and the Lenders as those that were applicable to the refinanced, renewed, or
extended Indebtedness;

     (g) (i) the Subordinated Indebtedness of the Company incurred under the Existing Senior
Subordinated Notes in an aggregate original principal amount not to
exceed $98,524,000, provided
that such Subordinated Indebtedness may not be renewed, extended or increased, and (ii) the
Indebtedness incurred under the New Senior Notes in an aggregate original principal amount not to
exceed $250,000,000, provided that such Indebtedness may not be renewed, extended or increased;

     (h) Indebtedness owed to any Person providing workers’ compensation, health, disability or
other employee benefits or property, casualty or liability insurance, pursuant to reimbursement or
indemnification obligations to such Person, in each case incurred in the ordinary course of
business;

     (i) Indebtedness under Swap Agreements complying with Section 6.07;

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     (j) Indebtedness consisting of the financing of insurance premiums in the ordinary course of
business;

     (k) Indebtedness incurred in a acquisition permitted under Section 6.04 or an asset
disposition permitted under Section 6.05, but pertaining solely to indemnification obligations of
the Loan Parties, the adjustment of the purchase price or similar obligations;

     (l) Indebtedness in respect of netting services, overdraft protection and similar treasury
management arrangements in each case in connection with deposit accounts;

     (m) to the extent constituting Indebtedness, endorsements or similar transactions in the
ordinary course of business;

     (n) other unsecured Indebtedness in an aggregate principal amount not exceeding $25,000,000 at
any time outstanding;

     (o) other Indebtedness in an aggregate principal amount not exceeding $50,000,000 at any time
outstanding and secured solely by Excluded Assets; and

     (p) the ACS Subordinated Indebtedness.

     Section 6.02 Liens.

     No Loan Party will create, incur, assume or permit to exist any Lien on any property or asset
now owned or hereafter acquired by it (including without limitation Equity Interests), or assign or
sell any income or revenues (including accounts receivable) or rights in respect of any thereof,
except:

     (a) Liens created pursuant to any Loan Document securing the Domestic Obligations and/or the
Canadian Obligations;

     (b) Liens created pursuant to any Loan Document securing the Ex-Im Obligations;

     (c) Permitted Encumbrances;

     (d) any Lien on any property or asset of any Loan Party existing on the Effective Date and set
forth on Schedule 6.02; provided that (i) such Lien shall not apply to any other
property or asset of such Loan Party and (ii) such Lien shall secure only those obligations which
it secures on the date hereof and extensions, renewals and replacements thereof that do not
increase the outstanding principal amount thereof;

     (e) Liens on fixed or capital assets acquired, constructed or improved by any Loan Party;
provided that (i) such security interests secure Indebtedness permitted by clause (e) of
Section 6.01, (ii) such security interests and the Indebtedness secured thereby are incurred prior
to or within 90 days after such acquisition or the completion of such construction or improvement,
and (iii) such security interests shall not apply to any other property or assets of any Loan
Party;

     (f) Liens of a collecting bank arising in the ordinary course of business under Section 4-208
of the Uniform Commercial Code in effect in the relevant jurisdiction covering only the items being
collected upon;

     (g) so long as the Volvo Purchase Agreement remains in effect, Liens in favor of the
Purchasers (as defined in the Volvo Purchase Agreement) to secure amounts owing by Supply

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Technologies LLC under the Volvo Purchase Agreement and covering the Volvo Accounts and
proceeds thereof;

     (h) so long as the Wells Fargo Purchase Agreement remains in effect, Liens in favor of Wells
Fargo to secure amounts owing by Supply Technologies LLC under such Wells Fargo Purchase Agreement
and covering the Whirlpools Accounts and proceeds thereof;

     (i) Liens on existing Equipment of any Loan Party securing Indebtedness permitted under
Section 6.01(o), so long as such Loan Party has complied with Section 5.16(c);

     (j) Liens on existing Intellectual Property of any Loan Party securing Indebtedness permitted
under Section 6.01(o), so long as such Loan Party has complied with Section 5.16(b); and

     (k) Liens on existing real property and other Excluded Assets of any Loan Party securing
Indebtedness permitted under Section 6.01(o), so long as such Loan Party has complied with Section
5.16(a).

     Section 6.03 Fundamental Changes.

     (a) No Loan Party will merge into or consolidate with any other Person, or permit any other
Person to merge into or consolidate with it, or liquidate or dissolve, except that, if at the time
thereof and immediately after giving effect thereto no Event of Default shall have occurred and be
continuing any Loan Party (other than the Company) may merge with any other Loan Party;
provided that any such merger involving a Person that is not a wholly owned Subsidiary
immediately prior to such merger shall not be permitted.

     (b) No Loan Party will, nor will it permit any of its Subsidiaries to, engage to any material
extent in any business other than businesses of the type conducted by the Borrowers and their
Subsidiaries on the date of execution of this Agreement and businesses reasonably related thereto.

     (c) If all or any part of a Loan Party’s Equity Investments have been pledged to either Agent,
that Loan Party shall not issue additional Equity Interests unless such additional Equity Interests
are promptly pledged to such Agent. The provisions of this Section 6.03 shall not limit the
ability of the Company to reorganize or modify the ownership and organizational structure of its
Foreign Subsidiaries other than the Canadian Loan Parties, so long as (a) the Administrative Agent
has received 10 days prior written notice thereof, (b) such reorganization or modification does not
involve any Loan Party or its Equity Interests and (c) the Agents promptly receive any pledges of
Equity Interests required under Section 5.13(c).

     Section 6.04 Investments, Loans, Advances, Guarantees and Acquisitions.

     No Loan Party will purchase, hold or acquire (including pursuant to any merger with any Person
that was not a Loan Party and a wholly owned Subsidiary prior to such merger) any capital stock,
evidences of indebtedness or other 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 (whether through purchase of assets, merger
or otherwise), except:

     (a) Permitted Investments, subject to control agreements in favor of an Agent for the benefit
of the applicable Lenders or otherwise subject to a perfected security interest in favor of an
Agent for the benefit of the applicable Lenders;

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     (b) investments in existence on the Effective Date and described on Schedule 6.04 and
investments in Subsidiaries existing on the Effective Date;

     (c) equity investments in other Loan Parties;

     (d) so long as no Event of Default exists at the time such investments are made, investments
in Subsidiaries of the Loan Parties that are not themselves Loan Parties, so long as prior to and
after giving effect to any such investment, (i) Aggregate Availability equals or exceeds the Base
Availability Amount and (ii) the Debt Service Coverage Ratio, determined as of the end of the
most-recently completed fiscal quarter prior to the payment date of any such investment, for the
then most-recently completed four fiscal quarters, determined on a pro forma basis reflecting the
making of such investment (and for purposes of this clause (d) only, treating such investment as a
Consolidated Debt Charge), is not less than 1.15 to 1.00;

     (e) intercompany loans and advances permitted under Section 6.01(c);

     (f) loans or advances made by a Loan Party to its employees on an arms-length basis in the
ordinary course of business consistent with past practices for travel and entertainment expenses,
relocation costs and similar purposes up to a maximum of $20,000 to any employee and up to a
maximum of $500,000 in the aggregate at any one time outstanding;

     (g) subject to the Security Agreements, notes payable, or stock or other securities issued by
Account Debtors to a Loan Party pursuant to negotiated agreements with respect to settlement of
such Account Debtor’s Accounts in the ordinary course of business, consistent with past practices;

     (h) investments received in connection with the dispositions of assets permitted by Section
6.05;

     (i) investments constituting deposits described in clauses (c) and (d) of the definition of
the term “Permitted Encumbrances”;

     (j) so long as no Event of Default exists at the time such investments are made, other
investments, so long as prior to and after giving effect to any such investment, (i) Aggregate
Availability equals or exceeds the Base Availability Amount and (ii) the Debt Service Coverage
Ratio, determined as of the end of the most-recently completed fiscal quarter prior to the payment
date of any such investment, for the then most-recently completed four fiscal quarters, determined
on a pro forma basis reflecting the making of such investment (and for purposes of this clause (j)
only, treating such investment as a Consolidated Debt Charge), is not less than 1.15 to 1.00;

     (k) acquisitions not to exceed $5,000,000 each and an aggregate amount not to exceed
$20,000,000 during any four (4) consecutive fiscal quarters, unless the Company receives prior
written consent of the Administrative Agent; provided, that if (A) prior to and after giving effect
to such acquisition, Aggregate Availability equals or exceeds the Base Availability Amount, (B) the
Debt Service Coverage Ratio, determined as of the most-recently completed fiscal quarter prior to
the date of such acquisition, for the then most-recently completed four fiscal quarters, is no less
than 1.15:1.00 and (C) prior to and after giving effect to such acquisition, no Event of Default
exists, there shall be no limitations on acquisitions under this Section 6.04(k);

     (l) the creation of additional Domestic Subsidiaries and Canadian Subsidiaries with 20 days’
prior written notice to the Administrative Agent, so long as the Loan Parties promptly comply with
Section 5.13 with respect to such new Subsidiaries; and

     (m) other investments not to exceed $5,000,000 in the aggregate.

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     Section 6.05 Asset Sales.

     No Loan Party will sell, transfer, lease or otherwise dispose of any asset, including any
Equity Interest owned by it, except:

     (a) sales, transfers and dispositions of Inventory and Export-Related Inventory in the
ordinary course of business;

     (b) sales, transfers and dispositions to any Borrower or any Subsidiary, provided that
any such sales, transfers or dispositions involving a Subsidiary that is not a Loan Party shall be
made in compliance with Section 6.09;

     (c) sales, transfers and dispositions of Accounts in connection with the compromise,
settlement or collection thereof;

     (d) sales, transfers and dispositions of Permitted Investments;

     (e) sales, transfers and dispositions of assets previously disclosed to the Administrative
Agent in writing prior to the Effective Date;

     (f) dispositions resulting from any casualty or other insured damage to, or any taking under
power of eminent domain or by condemnation or similar proceeding of, any property or asset of any
Loan Party;

     (g) as long as no Default has occurred and is continuing, the sale or other disposition of
other assets in the ordinary course of business that are obsolete, surplus or worn out; provided
that, in each case, such sale is in compliance with the terms of the New Indenture; and

     (h) the sale or disposition of Excluded Assets; provided, that in each case, such sale is in
compliance with the terms of the New Indenture.

     Section 6.06 Sale and Leaseback Transactions; Off-Balance Sheet Financing.

     No Loan Party will (a) enter into any Sale and Leaseback Transaction Sale at any time that an
Event of Default has occurred and is continuing; provided, that in each case, such sale is in
compliance with the terms of the New Indenture, or (b) have any Off-Balance Sheet Liabilities.

     Section 6.07 Swap Agreements.

     No Loan Party will enter into any Swap Agreement, except (a) Swap Agreements entered into to
hedge or mitigate risks to which any Borrower or any Subsidiary has actual exposure (other than
those in respect of Equity Interests of any Borrower or any of its Subsidiaries), 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 any Borrower or any Subsidiary.

     Section 6.08 Restricted Payments; Certain Payments of Indebtedness.

     (a) No Loan Party will declare or make, or agree to pay or make, directly or indirectly, any
Restricted Payment, or incur any obligation (contingent or otherwise) to do so, except (i) each
Loan Party may declare and pay dividends with respect to its common stock payable solely in
additional shares of its common stock, (ii) wholly-owned Subsidiaries may declare and pay dividends
to Loan Parties (other than Holdings) ratably with respect to their Equity Interests and (iii) so
long as no

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Event of Default has occurred and is continuing, or would result after giving effect to
such payment, and such dividend is permitted under the New Indenture, (A) the Company may declare and pay
dividends to Holdings in an aggregate amount not to exceed $750,000 in any fiscal year and (B) the
Company may declare and pay additional dividends to Holdings as long as (x) prior to and after
giving effect to such dividend or distribution, Aggregate Availability equals or exceeds the Base
Availability Amount and (y) the Debt Service Coverage Ratio, determined as of the end of the
most-recently completed fiscal quarter prior to the payment date of any such dividend, for the
then most-recently completed four fiscal quarters, determined on a pro forma basis reflecting the
payment of such dividend or distribution, is not less than 1.15 to 1.00.

     (b) No Loan Party will make or agree to pay or make, directly or indirectly, any payment or
other distribution (whether in cash, securities or other property) of or 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, acquisition, cancellation or termination of any Indebtedness, except:

     (i) payment of Indebtedness created under the Loan Documents;

     (ii) payment of regularly scheduled interest and principal payments as and when
due in respect of any Indebtedness, other than payments in respect of the
Subordinated Indebtedness, which are governed by Section 6.08(c);

     (iii) refinancings of Indebtedness to the extent permitted by Section 6.01;

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

     (v) payment of intercompany Indebtedness permitted by Section 6.01(c); and

     (vi) the Loan Parties may purchase, redeem or prepay Indebtedness (other than
the Subordinated Indebtedness which is governed by Section 6.08 (c)), if and to the
extent that (1) no Event of Default has occurred and is continuing or would result
after giving effect to such payment, (2) prior to and after giving effect to any
such payment Aggregate Availability equals or exceeds the Base Availability Amount
and (3) the Debt Service Coverage Ratio, determined as of the most-recently
completed fiscal quarter prior to the date of such payment, for the then
most-recently completed four (4) fiscal quarters, determined on a pro forma basis
reflecting the making of such payment, is no less than 1.15 to 1.00.

     (c) No Loan Party shall (i) make any amendment or modification to the Existing Indenture, any
Existing Senior Subordinated Note or other note or agreement evidencing or governing the
Subordinated Indebtedness under the Existing Indenture, (ii) make any amendment or modification to
the New Indenture, any New Senior Note or other note or agreement evidencing or governing the
Indebtedness under the New Indenture (other than amendments or modification making the same less
restrictive for the Loan Parties), (iii) make any amendment or modification to any note or other
agreement evidencing or governing any other Subordinated Indebtedness unless permitted pursuant to
the applicable intercreditor agreement or subordination provisions related thereto or (iv) directly
or indirectly voluntarily prepay, defease or in substance defease, purchase, redeem, retire or
otherwise acquire, any Subordinated Indebtedness or any Indebtedness owing under the New Indenture
or any New Senior Note; provided that, (A) the Loan Parties may make scheduled payments of interest
with respect to Subordinated Indebtedness (other than the ACVS Subordinated Indebtedness) to the
extent permitted pursuant to the applicable intercreditor agreement or subordination provisions
related thereto, (B) the Loan Parties may purchase, redeem or prepay the Indebtedness under the New
Senior Notes, if and to the extent that (1) no Event of

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Default has occurred and is continuing or would result after giving effect to such payment, (2) prior to and after giving effect to any such
payment Aggregate Availability equals or exceeds the Base Availability Amount and (3) the Debt Service Coverage Ratio, determined as of the
most-recently completed fiscal quarter prior to the date of such payment, for the then
most-recently completed four (4) fiscal quarters, determined on a pro forma basis reflecting the
making of such payment, is no less than 1.15 to 1.00 and (C) the Loan Parties may make scheduled
payments of principal and interest in respect of the ACS Subordinated Indebtedness, if and to the
extent that no Event of Default has occurred and is continuing or would result after giving effect
to such payment.

     Section 6.09 Transactions with Affiliates.

     Other than as set forth on Schedule 3.18, no Loan Party will 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 that (i) are in the ordinary course of business and (ii) are at prices and on terms
and conditions not less favorable to such Loan Party than could be obtained on an arm’s-length
basis from unrelated third parties, (b) transactions between or among any Loan Party not involving
any other Affiliate, (c) any investment permitted by another Section of this Agreement, (d) the
payment of reasonable fees to directors of any Loan Party who are not employees of such Loan Party,
and compensation and employee benefit arrangements paid to, and indemnities provided for the
benefit of, directors, officers or employees of the Loan Parties in the ordinary course of business
and (e) any issuances of securities or other payments, awards or grants in cash, securities or
otherwise pursuant to, or the funding of, employment agreements, stock options and stock ownership
plans approved by any Loan Party’s board of directors.

     Section 6.10 Restrictive Agreements.

     No Loan Party will 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
such Loan Party to create, incur or permit to exist any Lien upon any of its property or assets, or
(b) the ability of any such Loan Party to pay dividends or other distributions with respect to any
shares of its capital stock or to make or repay loans or advances to any Borrower or any other Loan
Party or to Guarantee Indebtedness of any Loan Party; provided that (i) the foregoing shall
not apply to restrictions and conditions imposed by law or by any Loan Document, (ii) the foregoing
shall not apply to restrictions and conditions existing on the Effective Date identified on
Schedule 6.10 (but shall apply to any extension or renewal of, or any amendment or
modification expanding the scope of, any such restriction or condition), (iii) the foregoing shall
not apply to customary restrictions and conditions contained in agreements relating to the sale of
a Person pending such sale, provided such restrictions and conditions apply only to the Person that
is to be sold and such sale is permitted hereunder, (iv) clause (a) of the foregoing shall not
apply to restrictions or conditions imposed by any agreement relating to secured Indebtedness
permitted by this Agreement if such restrictions or conditions apply only to the property or assets
securing such Indebtedness and (v) clause (a) of the foregoing shall not apply to customary
provisions in leases and other contracts restricting the assignment thereof.

     Section 6.11 Amendment of Material Documents.

     No Loan Party will amend, modify or waive any of its rights under its certificate of
incorporation, by-laws, operating, management or partnership agreement or other organizational
documents, to the extent any such amendment, modification or waiver would be adverse to the
Lenders.

     Section 6.12 Foreign Subsidiaries.

     The Company will not permit (a) the aggregate outstanding Indebtedness of its Foreign
Subsidiaries (other than the Canadian Loan Parties under the Loan Documents) to at any time exceed

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amounts permitted under the New Indenture or (b) any Foreign Subsidiary to purchase, redeem or
prepay the Subordinated Indebtedness under the Existing Senior Subordinated Notes or the New Senior
Notes in excess of $35,000,000 in the aggregate; provided, that the Foreign Subsidiaries may
purchase, redeem or prepay the Subordinated Indebtedness under the Existing Senior Subordinated Notes or the New
Senior Notes in excess of $35,000,000 in the aggregate, if and to the extent that (1) no Event of
Default has occurred and is continuing or would result after giving effect to such payment, (2)
prior to and after giving effect to any such payment, Aggregate Availability equals or exceeds the
Base Availability Amount and (3) the Debt Service Coverage Ratio, determined as of the
most-recently completed fiscal quarter prior to the date of such payment, for the then
most-recently completed four (4) fiscal quarters, determined on a pro forma basis reflecting the
making of such payment, is no less than 1.15 to 1.00.

     Section 6.13 Debt Service Coverage Ratio.

     If Aggregate Availability is less than the Maximum Availability Amount on any 10 Business Days
(whether consecutive or not) within any 30 day period (such event, a “DSCR Trigger Event”),
the Company will not permit the Debt Service Coverage Ratio, determined as of the end of the then
most-recent previously ended fiscal quarter and on the last day of each subsequent fiscal quarter,
to be less than (a) 1.10 to 1.00 for any period of two consecutive fiscal quarters, or (b) 1.00 to
1.00; provided, that, if after the occurrence of any DSCR Trigger Event, Aggregate
Availability is greater than the DSCR Availability Amount for a period of 30 consecutive days
ending on any date after Administrative Agent has received a compliance certificate pursuant to
Section 5.01(d) with respect to the first fiscal quarter ending after such DSCR Trigger Event (such
event, a “DSCR Termination Event”), the foregoing covenant in respect of Debt Service
Coverage Ratio shall not be applicable unless and until the occurrence of a subsequent DSCR Trigger
Event; provided, further, that no more than three (3) DSCR Termination Events may occur
during this Agreement.

     Section 6.14 Letters of Credit.

     No Loan Party will apply for or become liable upon or in respect of any letter of credit other
than Letters of Credit issued hereunder.

     Section 6.15 Sale of Accounts.

     No Loan Party will sell or otherwise dispose of any notes receivable, Accounts or
Export-Related Accounts, with or without recourse except (a) as permitted under Section 6.05(c),
(b) so long as the Volvo Purchase Agreement and the applicable Volvo Supplier Agreements remain in
effect, sales of Volvo Accounts pursuant to the terms of the Volvo Purchase Agreement, and (c) so
long as the Wells Fargo Purchase Agreement remains in effect, sales of Whirlpool Accounts pursuant
to the terms of such Wells Fargo Purchase Agreement.

     Section 6.16 Change of Fiscal Year.

     No Loan Party shall change its fiscal year.

ARTICLE VII

Events of Default

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

     (a) the Borrowers 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;

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     (b) the Borrowers 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;

     (c) any representation or warranty made or deemed made by or on behalf of any Loan Party or
any Subsidiary in or in connection with this Agreement or any Loan Document or any amendment or
modification thereof or waiver thereunder, or in any report, certificate, financial statement or
other document furnished pursuant to or in connection with this Agreement or any Loan Document or
any amendment or modification thereof or waiver thereunder, shall prove to have been materially
incorrect when made or deemed made;

     (d) any Loan Party shall fail to observe or perform any covenant, condition or agreement
contained in Section 5.02(a), 5.03 (with respect to a Loan Party’s existence), 5.08, 5.14, 5.17 or
in Article VI;

     (e) any Loan Party shall fail to observe or perform any covenant, condition or agreement
contained in this Agreement (other than those which constitute a default under another Section of
this Article), and such failure shall continue unremedied for a period of (i) 5 days after the
earlier of any Loan Party’s knowledge of such breach or notice thereof from the Administrative
Agent (which notice will be given at the request of any Lender) if such breach relates to terms or
provisions of Section 5.01, 5.02 (other than Section 5.02(a)), 5.03 through 5.07, 5.09, 5.10
through 5.13 of this Agreement or (ii) 30 days after the earlier of any Loan Party’s knowledge of
such breach or notice thereof from the Administrative Agent (which notice will be given at the
request of any Lender) if such breach relates to terms or provisions of any other Section of this
Agreement;

     (f) any Loan Party 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 any Loan Party or its debts,
or of a substantial part of its assets, under any Federal, state or foreign bankruptcy, insolvency,
receivership or similar law now or hereafter in effect or (ii) the appointment of a receiver,
trustee, custodian, sequestrator, conservator, liquidator, monitor or similar official for any Loan
Party 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) any Loan Party 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, liquidator, monitor or similar official for such Loan Party
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

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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) any Loan Party 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
$5,000,000 shall be rendered against any Loan Party 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 any Loan Party
to enforce any such judgment or any Loan Party shall fail within 30 days to discharge one or more
non-monetary judgments or orders which, individually or in the aggregate, could reasonably be
expected to have a Material Adverse Effect, which judgments or orders, in any such case, are not
stayed on appeal or otherwise being appropriately contested in good faith by proper proceedings
diligently pursued;

     (l) the unfunded liabilities of all Plans shall exceed in the aggregate $5,000,000 or an ERISA
Event shall have occurred in connection with any Plan;

     (m) a Loan Party or any ERISA Affiliate has incurred or shall have been notified by the
sponsor of a Multiemployer Plan that it has incurred Withdrawal Liability to such Multiemployer
Plan;

     (n) a Loan Party or any ERISA Affiliate shall have been notified by the sponsor of a
Multiemployer Plan that such Multiemployer Plan is in reorganization or is being terminated, within
the meaning of Title IV of ERISA, if as a result of such reorganization or termination the
aggregate annual contributions of a Loan Party and its ERISA Affiliates (taken as a whole) to all
Multiemployer Plans which are then in reorganization or being terminated have been or will be
increased over the amounts contributed to such Multiemployer Plans for the respective plan years of
each such Multiemployer Plan immediately preceding the plan year in which the reorganization or
termination occurs by an amount exceeding $250,000;

     (o) a Change in Control shall occur;

     (p) the occurrence of any “default”, as defined in any Loan Document (other than this
Agreement) or the breach of any of the terms or provisions of any Loan Document (other than this
Agreement), which default or breach continues beyond any period of grace therein provided;

     (q) any Loan Guaranty shall fail to remain in full force or effect or any action shall be
taken to discontinue or to assert the invalidity or unenforceability of any Loan Guaranty, or any
Canadian Loan Guarantor or Domestic Loan Guarantor shall fail to comply with any of the terms or
provisions of any Loan Guaranty to which it is a party, or any Canadian Loan Guarantor or Domestic
Loan Guarantor shall deny that it has any further liability under the Loan Guaranty to which it is
a party, or shall give notice to such effect;

     (r) any Collateral Document shall for any reason fail to create a valid and perfected first
priority security interest in any material portion of the Collateral purported to be covered
thereby, except as permitted by the terms of any Collateral Document, or any Collateral Document
shall fail to remain in full force or effect or any action shall be taken to discontinue or to
assert the invalidity or unenforceability of any Collateral Document, or any Loan Party shall fail
to comply with any of the terms or provisions of any Collateral Document;

     (s) any material provision of any Loan Document for any reason ceases to be valid, binding and
enforceable in accordance with its terms (or any Loan Party shall challenge the enforceability

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of any Loan Document or shall assert in writing, or engage in any action or inaction based on any such
assertion, that any provision of any of the Loan Documents has ceased to be or otherwise is not
valid, binding and enforceable in accordance with its terms);

     (t) (i) any Default or Event of Default (as each is defined in the Existing Indenture) shall
exist under the Existing Indenture, the Existing Senior Subordinated Notes or any agreement
executed by the Company in connection therewith, (ii) without the prior written consent of the Administrative Agent and the Required Lenders, the Existing Indenture or the Existing Senior
Subordinated Notes shall be amended or modified in any respect (other than adding a guarantor which
is also a guarantor under this Agreement) or replaced, or (iii) the Existing Senior Subordinated
Notes shall be accelerated be the holders thereof for any reason;

     (u) (i) any Default or Event of Default (as each is defined in the New Indenture) shall exist
under the New Indenture, the New Senior Notes or any agreement executed by the Company in
connection therewith, (ii) without the prior written consent of the Administrative Agent and the
Required Lenders, the New Indenture or the New Senior Notes shall be amended or modified in any
respect (other than adding a guarantor which is also a guarantor under this Agreement) or replaced,
or (iii) the New Senior Notes shall be accelerated be the holders thereof for any reason;

     (v) nonpayment by any Loan Party of any Swap Obligation when due or the breach by any Loan
Party of any term, provision or condition contained in any Swap Transaction or any transaction of
the type described in the definition of “Swap Agreements”, in each case with respect to
which Lender or an Affiliate of a Lender is a party thereto or the occurrence or existence of any
default, event of default or other similar condition or event (however described) with respect to
any such Swap Transactions;

     (w) there is filed against any Loan Party any action, suit or proceeding under any federal or
state racketeering statute (including the Racketeer Influenced and Corrupt Organization Act of
1970), which action, suit or proceeding (i) is not dismissed within one hundred twenty days, and
(ii) could reasonably be expected to result in the confiscation or forfeiture of any material
portion of the Collateral;

     (x) any Loan Party shall incur or permit to exist any Designated Senior Debt (as defined in
the Existing Indenture) other than the Secured Obligations;

     (y) any court, government or governmental agency shall condemn, seize or otherwise
appropriate, or take custody or control of, all or any portion of the property of any Loan Party
which, when taken together with all other property of any Loan Party so condemned, seized,
appropriated, or taken custody or control of, during the twelve-month period ending with the month
in which any such action occurs, constitutes a Substantial Portion;

     (z) any loss, theft, damage or destruction of any item or items of Collateral or other
property of any Loan Party occurs which could reasonably be expected to cause a Material Adverse
Effect and is not adequately covered by insurance;

     (aa) (i) the Ex-Im Bank Guarantee is terminated (other than as a result of the scheduled
maturity of the Ex-Im Bank Guarantee) or any material provision of the Ex-Im Bank Guarantee for any
reason ceases to be valid, binding and enforceable in accordance with its terms (or Ex-Im Bank
shall challenge the enforceability of the Ex-Im Bank Guarantee or shall assert in writing, or
engage in any action or inaction based on any such assertion, that any provision of the Ex-Im Bank
Guarantee has ceased to be or otherwise is not valid, binding and enforceable in accordance with
its terms) and (ii) any Ex-Im Revolving Loans remain outstanding or any of the Ex-Im LC Exposure
has not been cash collateralized as provided on the first Business Day following the occurrence of
any event referred to in the foregoing clause (i);

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     (bb) a breach or default shall occur under the Fast Track Loan Agreement or any Ex-Im Bank
Borrower Document; or

     (cc) the Company shall fail to pay all obligations and liabilities owing in respect of the
Existing Senior Subordinated Notes in full on or before May 15, 2014 in compliance with this
Agreement.

then, and in every such event (other than an event with respect to the Borrowers 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 Representative, take either or both of the following actions, at the same or different
times: (i) terminate the Commitments (or any portion thereof), and thereupon the Commitments (or
the applicable portion thereof) 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 Borrowers 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 Borrowers; and in case of any event with respect to the Borrowers described in
clause (h) or (i) of this Article, the Commitments shall automatically terminate and the principal
of the Loans then outstanding, together with accrued interest thereon and all fees and other
obligations of the Borrowers 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
Borrowers. Upon the occurrence and the continuance of an Event of Default, each Agent may, and at
the request of the Required Lenders shall, exercise any rights and remedies provided to such Agent
under the Loan Documents or at law or equity, including all remedies provided under the UCC.

ARTICLE VIII

The Administrative Agent

     Each of the Lenders and each of the Issuing Banks hereby irrevocably appoints the
Administrative Agent as its agent and authorizes the Administrative Agent to take such actions on
its behalf, including execution of the other Loan Documents, and to exercise such powers as are
delegated to the Administrative Agent by the terms of the Loan Documents, together with such
actions and powers as are reasonably incidental thereto. Each of the Canadian Lenders and the
Canadian Issuing Bank hereby irrevocably appoints the Canadian Agent as its agent and authorizes
the Canadian Agent to take such actions on its behalf, including execution of the other Loan
Documents, and to exercise such powers as are delegated to the Canadian Agent by the terms of the
Loan Documents, together with such actions and powers as are reasonably incidental thereto.

     Each Person serving as an 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 an Agent,
and such bank and its Affiliates may accept deposits from, lend money to and generally engage in
any kind of business with the Loan Parties or any Subsidiary of a Loan Party or other Affiliate
thereof as if it were not an Agent hereunder.

     Each Agent shall not have any duties or obligations except those expressly set forth in the
Loan Documents. Without limiting the generality of the foregoing, (a) neither Agent shall be
subject to any fiduciary or other implied duties, regardless of whether a Default has occurred and
is continuing, (b) neither Agent shall have any duty to take any discretionary action or exercise
any discretionary powers, except discretionary rights and powers expressly contemplated by the Loan
Documents that such 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

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(c) except as expressly set forth in the Loan Documents, neither
Agent shall have any duty to disclose, and shall not be liable for the failure to disclose, any
information relating to any Loan Party or any of its Subsidiaries that is communicated to or
obtained by the bank serving as such Agent or any of its Affiliates in any capacity. Neither Agent
shall 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. Neither Agent shall be deemed to have knowledge of any Default unless and until
written notice thereof is given to such Agent by the Borrower Representative or a Lender, and
neither Agent shall be responsible for or have any duty to ascertain or inquire into (i) any
statement, warranty or representation made in or in connection with any Loan Document, (ii) the
contents of any certificate, report or other document delivered hereunder or in connection with any
Loan Document, (iii) the performance or observance of any of the covenants, agreements or other
terms or conditions set forth in any Loan Document, (iv) the validity, enforceability,
effectiveness or genuineness of any Loan Document or any other agreement, instrument or document,
(v) the creation, perfection or priority of Liens on the Collateral or the existence of the
Collateral, (vi) the satisfaction of any condition set forth in Article IV or elsewhere in any Loan
Document, other than to confirm receipt of items expressly required to be delivered to such Agent
or (vii) whether any Loans or other Obligations constitute Permitted Debt pursuant to the New
Indenture (and to the extent that such Loans or other Obligations do not constitute Permitted Debt,
each applicable Lender shall continue to remain obligated for its Applicable Percentage of such
Loans and other Obligations).

     Each Lender has received copies of the Existing Indenture and the New Indenture and has
reviewed the terms and conditions thereof, including, but not limited to the conditions relating to
the status of the Obligations as Designated Senior Debt and Senior Debt (as each is defined in the
Existing Indenture).

     Each 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. Each 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. Each Agent may consult with
legal counsel (who may be counsel for the Borrowers), 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.

     Each 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 such Agent. Each 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 each 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 Agent.

     Subject to the appointment and acceptance of a successor Agent as provided in this paragraph,
either Agent may resign at any time by notifying the Lenders, the Issuing Banks and the Borrower
Representative. Upon any such resignation, the Required Lenders shall have the right, in
consultation with the Borrowers, 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 Agent gives notice of its resignation, then the retiring Agent may, on behalf of the
Lenders and the Issuing Banks, appoint a successor Agent which shall be a commercial bank or an
Affiliate of any such commercial bank. Upon the acceptance of its appointment as an Agent
hereunder by a successor, such successor shall succeed to and become vested with all the rights,
powers, privileges and duties of the retiring Agent, and the retiring Agent shall be discharged
from its duties and obligations hereunder. The fees payable by the Borrowers to a successor Agent
shall be the same as those payable to its predecessor

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unless otherwise agreed between the Borrowers
and such successor. After either Agent’s resignation hereunder, the provisions of this Article,
Section 2.17(d) and Section 9.03 shall continue in effect for the benefit of such retiring 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 an Agent.

     Each Lender acknowledges that it has, independently and without reliance upon either 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 either 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 taking or not taking action under or based upon this Agreement, any other Loan
Document or related agreement or any document furnished hereunder or thereunder.

     Each Lender hereby agrees that (a) it has requested a copy of each Report prepared by or on
behalf of each Agent; (b) such Agent (i) makes no representation or warranty, express or implied,
as to the completeness or accuracy of any Report or any of the information contained therein or any
inaccuracy or omission contained in or relating to a Report and (ii) shall not be liable for any
information contained in any Report; (c) the Reports are not comprehensive audits or examinations,
and that any Person performing any field examination will inspect only specific information
regarding the Loan Parties and will rely significantly upon the Loan Parties’ books and records, as
well as on representations of the Loan Parties’ personnel and that such Agent undertakes no
obligation to update, correct or supplement the Reports; (d) it will keep all Reports confidential
and strictly for its internal use, not share the Report with any Loan Party or any other Person
except as otherwise permitted pursuant to this Agreement; and (e) without limiting the generality
of any other indemnification provision contained in this Agreement, it will pay and protect, and
indemnify, defend, and hold such Agent and any such other Person preparing a Report harmless from
and against, the claims, actions, proceedings, damages, costs, expenses, and other amounts
(including reasonable attorney fees) incurred by as the direct or indirect result of any third
parties who might obtain all or part of any Report through the indemnifying Lender.

     For greater certainty, and without limiting the powers of the Canadian Agent under the Loan
Documents, each of the Canadian Lenders, the Canadian Issuing Bank and the Canadian Agent (but
solely in its capacity as the holder and depositary of the Bonds (as defined below)), acknowledges
and agrees that the Canadian Agent shall, for the purposes of holding any security granted by any
Canadian Loan Party under the Loan Documents pursuant to the laws of the Province of Québec to
secure payment of bonds (or any similar instruments) (collectively, the “Bonds”), be the holder of
an irrevocable power of attorney (fondé de pouvoir) (within the meaning of Article 2692 of the
Civil Code of Québec) for all present and future Canadian Lenders, the Canadian Issuing Bank,
indemnified parties (with respect to Canadian Revolving Loans), as well as holders and depositaries
of the Bonds. Each of the Canadian Lenders, the Canadian Issuing Bank and the Canadian Agent (but
solely in its capacity as the holder and depositary of the Bonds) constitutes, to the extent
necessary, the Canadian Agent as the holder of such irrevocable power of attorney (fondé de
pouvoir) in order to hold security granted by any Canadian Loan Party under the Loan Documents in
the Province of Québec to secure payment of the Bonds. Each assignee of the Canadian Lenders,
successor or assignee of the Canadian Issuing Bank, indemnified party (with respect to Canadian
Revolving Loans) and successor Canadian Agent (but solely in its capacity as the holder and
depositary of the Bonds) shall be deemed to have confirmed and ratified the constitution of the
Canadian Agent as the holder of such irrevocable power of attorney (fondé de pouvoir).
Furthermore, the Canadian Agent hereby agrees to act in the capacity of the holder and depositary
of the Bonds on its own behalf as Canadian Agent and for and on behalf and for the benefit of all
present and future Canadian Lenders, the Canadian Issuing Bank and indemnified parties (with
respect to the Canadian Revolving Loans). Notwithstanding the provisions of Section 32 of the
Special Powers of Legal Persons Act (Québec), the Canadian Agent may acquire and be the holder of a
Bond. RB&W Logistics Canada, Inc. and each other Canadian Loan Party acknowledges that each of the
Bonds executed by it constitutes a title of indebtedness, as such term is used in Article 2692 of
the Civil Code of Québec. Notwithstanding the

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provisions of Section 19.1 hereof, the provisions of this Section 10.18 shall be governed by the laws of the Province of Québec and the federal laws of
Canada applicable therein.

     The Syndication Agent, Co-Documentation Agents and Joint Bookrunners shall not have any right,
power, obligation, liability, responsibility or duty under this Agreement other than those
applicable to all Lenders as such.

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 facsimile, as follows:

     (i) if to any Loan Party, to the Borrower
Representative at:

Park-Ohio Industries, Inc.

6065 Parkland Blvd.

Cleveland, Ohio 44124

Attention: Robert D. Vilsack

Facsimile No: (440) 947-2209

     (ii) if to the Administrative Agent, the Domestic Issuing Bank, the Ex-Im
Revolving Lender, the Ex-Im Issuing Bank, or the Domestic Swingline Lender, to
JPMorgan Chase Bank, N.A. at:

JPMorgan Chase Bank, N.A.

1300 E. Ninth Street

Cleveland, Ohio 44114

Attention: Mr. David Waugh and Park Ohio Account Manager

Facsimile No: (216) 781-2071

     (iii) If to the Canadian Agent, the Canadian Issuing Bank or the Canadian
Swingline Lender, to JPMorgan Chase Bank, N.A., Toronto Branch at:

JPMorgan Chase Bank, N.A., Toronto Branch

Royal Bank Plaza, South Tower

200 Bay Street, Suite 1700

Toronto, Ontario M5J 2J2

Canada

Attention: Augustino Marchett, Senior Vice President

Facsimile No: (416) 981-2365

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

All such notices and other communications (i) sent by hand or overnight courier service, or mailed
by certified or registered mail, shall be deemed to have been given when received or (ii) sent by
facsimile shall be deemed to have been given when sent, provided that if not given during
normal business hours

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for the recipient, shall be deemed to have been given at the opening of
business on the next Business Day for the recipient.

     (b) Notices and other communications to the Lenders hereunder may be delivered or furnished by
electronic communications (including e-mail and internet or intranet websites) pursuant to
procedures approved by the Administrative Agent. Each Agent or the Borrower Representative (on
behalf of the Loan Parties) 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. All such notices and
other communications (i) sent to an e-mail address shall be deemed received upon the sender’s
receipt of an acknowledgement from the intended recipient (such as by the “return receipt
requested” function, as available, return e-mail or other written acknowledgement),
provided that if not given during the normal business hours of the recipient, such notice
or communication shall be deemed to have been given at the opening of business on the next Business
Day for the recipient, and (ii) posted to an Internet or intranet website shall be deemed received
upon the deemed receipt by the intended recipient at its e-mail address as described in the
foregoing clause (b)(i) of notification that such notice or communication is available and
identifying the website address therefor.

     (c) Any party hereto may change its address or facsimile number for notices and other
communications hereunder by notice to the other parties hereto.

     Section 9.02 Waivers; Amendments.

     (a) No failure or delay by either Agent, any Issuing Bank or any Lender in exercising any
right or power hereunder or under any other Loan Document 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 each Agent, each
Issuing Bank and the Lenders hereunder and under any other Loan Document are cumulative and are not
exclusive of any rights or remedies that they would otherwise have. No waiver of any provision of
any Loan Document or consent to any departure by any Loan Party therefrom 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 either Agent, any
Lender or any Issuing Bank may have had notice or knowledge of such Default at the time.

     (b) Neither this Agreement nor any other Loan Document nor any provision hereof or thereof may
be waived, amended or modified except (i) in the case of this Agreement, pursuant to an agreement
or agreements in writing entered into by the Borrowers and the Required Lenders, (ii) in the case
of the Fast Track Loan Agreement, pursuant to an agreement or agreements in writing entered into by
the Ex-Im Revolving Lender and the Ex-Im Borrowers, or (iii) in the case of any other Loan
Document, pursuant to an agreement or agreements in writing entered into by the Administrative
Agent and the Loan Party or Loan Parties that are parties thereto, 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 or forgive the principal amount of any Loan
or LC Disbursement or reduce the rate of interest thereon, or reduce or forgive any interest or
fees payable hereunder, without the written consent of each Lender directly affected thereby, (iii)
postpone any scheduled date of payment of the principal amount of any Loan or LC Disbursement, or
any date for the payment of any interest, fees or other Obligations 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 directly affected thereby, (iv) change
Section 2.18(b), (c) or (d) in a manner that would alter the manner in which payments are shared,
without the written consent of each Lender, (v) increase the

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advance rates set forth in the definition of Domestic Borrowing Base, Canadian Borrowing Base, or Export-Related Borrowing Base,
without the written consent of each Revolving Lender, (vi) change any of the provisions of this
Section or the definition of “Required Lenders” or any other provision of any Loan Document
specifying the number or percentage of Lenders (or Lenders of any Class) required to waive, amend
or modify any rights thereunder or make any determination or grant any consent thereunder, without
the written consent of each Lender, (vii) change Section 2.20, without the consent of each Lender
(other than any Defaulting Lender), (viii) release any Canadian Loan Guarantor or Domestic Loan
Guarantor from its obligation under its Loan Guaranty (except as otherwise permitted herein or in
the other Loan Documents), without the written consent of each Lender, (ix) except as provided in
clause (c) of this Section or in any Collateral Document, release all or substantially all of the
Collateral, without the written consent of each Lender, (x) waive any Default or Event of Default
(as each is defined in the Existing Indenture) under the Existing Indenture or any agreement
executed by the Company in connection therewith, without the written consent of each Lender, or
(xi) waive any Default or Event of Default (as each is defined in the New Indenture) under the New
Indenture or any agreement executed by the Company in connection therewith, 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 either Agent, any Issuing Bank, such Swingline Lender
or the Ex-Im Revolving Lender hereunder without the prior written consent of such Agent, such
Issuing Bank, such Swingline Lender or the Ex-Im Revolving Lender, as the case may be (it being
understood that any change to Section 2.20 shall require the consent of the Administrative Agent,
the Swingline Lenders, the Issuing Banks and the Ex-Im Revolving Lender). The Administrative Agent
may also amend the Commitment Schedule to reflect assignments entered into pursuant to
Section 9.04.

     (c) The Lenders hereby irrevocably authorize each Agent and the Ex-Im Revolving Lender, at its
option and in its sole discretion, to release any Liens granted to such Person by any of the Loan
Parties on any Collateral (i) upon the termination of the all Commitments, payment and satisfaction
in full in cash of all Secured Obligations (other than Unliquidated Obligations), and the cash
collateralization of all Unliquidated Obligations in a manner satisfactory to each affected Lender,
(ii) constituting property being sold or disposed of if the Loan Party disposing of such property
certifies to the Administrative Agent that the sale or disposition is made in compliance with the
terms of this Agreement (and the Administrative Agent may rely conclusively on any such
certificate, without further inquiry), and to the extent that the property being sold or disposed
of constitutes 100% of the Equity Interest of a Subsidiary, the applicable Agent and the Ex-Im
Revolving Lender is authorized to release any Loan Guaranty provided by such Subsidiary, (iii)
constituting property leased to a Loan Party under a lease which has expired or been terminated in
a transaction permitted under this Agreement, or (iv) as required to effect any sale or other
disposition of such Collateral in connection with any exercise of remedies of the Agents and the
Lenders pursuant to Article VII. Except as provided in the preceding sentence, neither either
Agent nor the Ex-Im Revolving Lender will release any Liens on Collateral without the prior written
authorization of the Required Lenders; provided that, the Agents and the Ex-Im Revolving
Lender may in the discretion of the Administrative Agent, release Liens on Collateral valued in the
aggregate not in excess of $5,000,000 during any calendar year without the prior written
authorization of the Required Lenders. Any such release shall not in any manner discharge, affect,
or impair the Obligations or any Liens (other than those expressly being released) upon (or
obligations of the Loan Parties in respect of) all interests retained by the Loan Parties,
including the proceeds of any sale, all of which shall continue to constitute part of the
Collateral.

     (d) If, in connection with any proposed amendment, waiver or consent requiring the consent of
“each Lender” or “each Lender affected thereby,” the consent of the Required Lenders is obtained,
but the consent of other necessary Lenders is not obtained (any such Lender whose consent is
necessary but not obtained being referred to herein as a “Non-Consenting Lender”), then the
Borrowers may elect to replace a Non-Consenting Lender as a Lender party to this Agreement,
provided that, concurrently with such replacement, (i) another commercial bank, financial
institution or other “accredited investor” (as defined in SEC Regulation D) that is not a Borrower
or a Subsidiary or Affiliate

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of a Borrower, and which is reasonably satisfactory to the Borrowers and the Administrative Agent shall agree, as of such date, to purchase for cash the Loans and other
Obligations due to the Non-Consenting Lender pursuant to an Assignment and Assumption and to become
a Lender for all purposes under this Agreement and to assume all obligations of the Non-Consenting
Lender to be terminated as of such date and to comply with the requirements of clause (b) of
Section 9.04, and (ii) the Borrowers shall pay to such Non-Consenting Lender in same day funds on
the day of such replacement (1) all interest, fees and other amounts then accrued but unpaid to
such Non-Consenting Lender by the Borrowers hereunder to and including the date of termination,
including without limitation payments due to such Non-Consenting Lender under Sections 2.15 and
2.17, and (2) an amount, if any, equal to the payment which would have been due to such Lender on the day of such replacement under Section 2.16 had the Loans of
such Non-Consenting Lender been prepaid on such date rather than sold to the replacement Lender.

     (e) Notwithstanding anything to the contrary contained herein, in each instance in this
Agreement which refers to the consent of one or more Agent, Issuing Bank or Lender, where such
consent is not qualified by reference to the reasonable judgment, discretion or satisfaction of
such Person (or words of similar import), such consent may be given or withheld in the sole and
absolute discretion of such Person.

     Section 9.03 Expenses; Indemnity; Damage Waiver.

     (a) The Borrowers shall pay (i) all reasonable out-of-pocket expenses incurred by each Agent,
the Ex-Im Revolving Lender and its respective Affiliates, including the reasonable fees, charges
and disbursements of counsel for each Agent and the Ex-Im Revolving Lender, in connection with the
syndication and distribution (including, without limitation, via the internet or through a service
such as Intralinks) of the credit facilities provided for herein, the preparation and
administration of the Loan Documents or any amendments, modifications or waivers of the provisions
of the Loan Documents (whether or not the transactions contemplated hereby or thereby shall be
consummated), (ii) all reasonable out-of-pocket expenses incurred by each 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 each Agent, each Issuing
Bank or any Lender, including the fees, charges and disbursements of any counsel for each Agent,
each Issuing Bank any each Lender, in connection with the enforcement, collection or protection of
its rights in connection with the Loan Documents, 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. Expenses being reimbursed by the Borrowers under this Section
include, without limiting the generality of the foregoing, costs and expenses incurred in
connection with:

     (i) appraisals and insurance reviews;

     (ii) field examinations and the preparation of Reports based on the fees
charged by a third party retained by each Agent or the internally allocated fees for
each Person employed by each Agent with respect to each field examination (currently
$125 per hour for examiner, plus out-of-pocket expenses);

     (iii) background checks regarding senior management and/or key investors, as
deemed necessary or appropriate in the sole discretion of each Agent;

     (iv) taxes, fees and other charges for (A) lien searches and (B) filing
financing statements and continuations, and other actions to perfect, protect, and
continue the Liens of each Agent and the Ex-Im Revolving Lender;

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     (v) sums paid or incurred to take any action required of any Loan Party under
the Loan Documents that such Loan Party fails to pay or take; and

     (vi) forwarding loan proceeds, collecting checks and other items of payment,
and establishing and maintaining the accounts and lock boxes, and costs and expenses
of preserving and protecting the Collateral.

All of the foregoing costs and expenses may be charged to the Borrowers as Revolving Loans or to
another deposit account, all as described in Section 2.18(e).

     (b) The Borrowers shall, jointly and severally, indemnify each Agent, each 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, penalties, incremental taxes, 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 the Loan Documents or any agreement or instrument contemplated thereby, the performance by the
parties hereto of their respective obligations thereunder 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 therefrom (including any refusal by any 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 any Borrower or any of its
Subsidiaries, or any Environmental Liability related in any way to any Borrower or any of its
Subsidiaries, (iv) the failure of the Borrowers to deliver to either Agent the required receipts or
other required documentary evidence with respect to a payment made by the Borrowers for Taxes
pursuant to Section 2.17, or (v) 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,
penalties, 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 Borrowers fail to pay any amount required to be paid by it to
either Agent, the Ex-Im Revolving Lender, any Issuing Bank or any Swingline Lender under paragraph
(a) or (b) of this Section, each Lender severally agrees to pay to such Agent, the Ex-Im Revolving
Lender, such Issuing Bank or such 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, penalty, liability or related expense, as the case may be, was incurred by or
asserted against such Agent, the Ex-Im Revolving Lender, such Issuing Bank or such Swingline Lender
in its capacity as such.

     (d) To the extent permitted by applicable law, no Loan Party shall assert, and each 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.

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     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 any Issuing Bank that issues any Letter of Credit), except that (i) no Borrower may
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 any 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 any 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 Agent, each
Issuing Bank and each Lender) 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 commercial lenders, financial institutions or other accredited investors that are
not a Borrower or a Subsidiary or Affiliate of a Borrower, 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 Representative, provided that no consent of the
Borrower Representative shall be required for an assignment to a Lender, an
Affiliate of a Lender, an Approved Fund or, with respect to the Fast Track Loan
Agreement and the Ex-Im Revolving Subcommitment, Ex-Im Bank or, if an Event of
Default has occurred and is continuing, any other assignee;

          (B) the Administrative Agent, provided that no consent of the
Administrative Agent shall be required for an assignment of all or any portion of a
Loan to a Lender, an Affiliate of a Lender or an Approved Fund; and

          (C) each Issuing Bank, provided that no consent of any Issuing Bank
shall be required for an assignment of all or any portion of a Loan to a Lender, an
Affiliate of a Lender or an Approved Fund.

          (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 of any Class, 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 $10,000,000 unless each of the Borrower Representative and
each Agent otherwise consent, provided that no such consent of the Borrower
Representative shall be required if an Event of Default 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,
including each Commitment hereunder; provided, that this clause shall not be
construed to prohibit the assignment of a proportionate part of the assigning
Lender’s rights and obligations with respect of one Class of Commitments or Loans;

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          (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 in which the assignee
designates one or more credit contacts to whom all syndicate-level information
(which may contain material non-public information about the Borrowers, the Loan
Parties and their Related Parties or their respective securities) will be made
available and who may receive such information in accordance with the assignee’s
compliance procedures and applicable laws, including Federal and state securities
laws.

For the purposes of this Section 9.04(b), the term “Approved Fund” has the following
meaning:

     “Approved Fund” means any Person (other than a natural person) that is engaged in
making, purchasing, holding or investing in bank loans and similar extensions of credit in the
ordinary course of its business and that is administered or managed by (a) a Lender, (b) an
Affiliate of a Lender or (c) an entity or an Affiliate of an entity that administers or manages a
Lender.

     (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 Sections 2.15, 2.16, 2.17 and 9.03). 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
Borrowers, shall maintain at one of its offices a copy of each Assignment and
Assumption delivered to it and a register for the recordation of the names and
addresses of the Lenders, and the 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 Borrowers, the Agents, the Issuing Banks and the Lenders may treat each Person
whose name is recorded in the Register pursuant to the terms hereof as a Lender
hereunder for all purposes of this Agreement, notwithstanding notice to the
contrary. The Register shall be available for inspection by the Borrowers, the
Canadian Agent, the Issuing Banks 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

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or the assignee shall have failed to make any payment required to
be made by it pursuant to Section 2.05, 2.06(d) or (e), 2.07(b), 2.18(d) or 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 Borrowers, the Agents, the
Issuing Banks or the Swingline Lenders, 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 Borrowers, the Agents, the Issuing Banks 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 Borrowers agree that
each Participant shall be entitled to the benefits of Sections 2.15, 2.16 and 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(e) as though it were a Lender.

     (i) A Participant shall not be entitled to receive any greater payment under
Section 2.15 or 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 Representative’s 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
Representative is notified of the participation sold to such Participant and such
Participant agrees, for the benefit of the Borrowers, to comply with Section 2.17(f)
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 Loan Parties in the Loan
Documents and in the certificates or other instruments delivered in connection with or pursuant to
this Agreement or any other Loan Document shall be considered to have been relied upon by the other
parties hereto and shall survive the execution and delivery of the Loan Documents and the making of
any Loans and issuance of any Letters of Credit, regardless of any investigation made by any such
other party

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or on its behalf and notwithstanding that either Agent, any 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 Sections 2.15, 2.16, 2.17 and 9.03
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 shall constitute an original, but all of which when taken together
shall constitute a single contract. This Agreement, the other Loan Documents and any separate
letter agreements with respect to fees payable to the Agents 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 Agents
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 executed counterpart of a signature page of this Agreement by facsimile shall be
effective as delivery of a manually executed counterpart of this Agreement.

     Section 9.07 Severability.

     Any provision of any Loan Document 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 thereof; 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 any Borrower or any Canadian Loan Guarantor or Domestic Loan
Guarantor against any of and all the Secured Obligations held by such Lender, irrespective of
whether or not such Lender shall have made any demand under the Loan Documents and although such
obligations may be unmatured. The applicable Lender shall notify the Borrower Representative and
the Administrative Agent of such set-off or application, provided that any failure to give
or any delay in giving such notice shall not affect the validity of any such set-off or application
under this Section. 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. Notwithstanding the
foregoing, in no event shall any such deposits of a Canadian Loan Party be applied against the
Domestic Obligations or the Ex-Im Obligations.

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

     (a) The Loan Documents (other than those containing a contrary express choice of law
provision) shall be governed by and construed in accordance with the internal laws, without regard
to the

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conflict of laws provisions) of the State of Ohio, but giving effect to federal laws
applicable to national banks.

     (b) Each Loan Party hereby irrevocably and unconditionally submits, for itself and its
property, to the nonexclusive jurisdiction of any United States Federal or Ohio State court sitting
in Cleveland, Ohio in any action or proceeding arising out of or relating to any Loan Documents, 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 Ohio 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 or any other Loan Document shall affect any
right that either Agent, any Issuing Bank or any Lender may otherwise have to bring any action or
proceeding relating to this Agreement or any other Loan Document against any Loan Party or its
properties in the courts of any jurisdiction. ANY JUDICIAL PROCEEDING BY ANY LOAN PARTY AGAINST
EITHER AGENT, ANY ISSUING BANK OR ANY LENDER INVOLVING, DIRECTLY OR INDIRECTLY, ANY MATTER IN ANY
WAY ARISING OUT OF, RELATED TO, OR CONNECTION WITH ANY LOAN DOCUMENT SHALL BE BROUGHT ONLY IN A
COURT IN CLEVELAND, OHIO.

     (c) Each Loan 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 or any
other Loan Document 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.

     (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 or any other Loan Document 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, ANY OTHER LOAN DOCUMENT OR THE TRANSACTIONS CONTEMPLATED THEREBY
(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 CONFESSION OF JUDGMENT.

     THE LOAN PARTIES HEREBY AUTHORIZE ANY ATTORNEY-AT-LAW TO APPEAR IN ANY COURT OF RECORD IN ANY
COUNTY IN THE STATE OF OHIO OR ELSEWHERE WHERE A LOAN PARTY HAS A PLACE OF BUSINESS, SIGNED A NOTE
OR CAN BE FOUND, AFTER THE ADMINISTRATIVE AGENT OR REQUIRED LENDERS DECLARE A DEFAULT AND
ACCELERATE THE BALANCES DUE UNDER THIS

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AGREEMENT, TO WAIVE THE ISSUANCE OF SERVICE OF PROCESS AND CONFESS JUDGMENT AGAINST THE LOAN
PARTIES IN FAVOR OF THE AGENTS, THE ISSUING BANKS AND THE LENDERS FOR THE AMOUNTS THEN APPEARING
DUE, TOGETHER WITH THE COSTS OF SUIT, AND THEREUPON TO RELEASE ALL ERRORS AND WAIVE ALL RIGHT OF
APPEAL AND STAY OF EXECUTION. THE LOAN PARTIES AGREE AND CONSENT THAT THE ATTORNEY CONFESSING
JUDGMENT ON BEHALF OF THE LOAN PARTIES HEREUNDER MAY ALSO BE COUNSEL TO THE AGENTS, THE ISSUING
BANKS, THE LENDERS OR ANY OF THEIR AFFILIATES, WAIVES ANY CONFLICT OF INTEREST WHICH MIGHT
OTHERWISE ARISE, AND CONSENTS TO THE AGENTS, THE ISSUING BANKS OR THE LENDERS PAYING SUCH
CONFESSING ATTORNEY A LEGAL FEE OR ALLOWING SUCH ATTORNEY’S FEES TO BE PAID FROM ANY PROCEEDS OF
COLLECTION OF AGREEMENT OR COLLATERAL SECURITY THEREFOR.

     Section 9.12 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 9.13 Confidentiality.

     Each Agent, each Issuing Bank and each Lender 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 or rating agency, (c) to the
extent required by Requirement of Laws 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 any other Loan Document or the enforcement
of rights hereunder or thereunder, (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 or (ii) any
actual or prospective counterparty (or its advisors) to any swap or derivative transaction relating
to the Loan Parties and their obligations, (g) with the consent of the Borrower Representative 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 either Agent, any Issuing Bank or any Lender on
a non-confidential basis from a source other than the Borrowers. For the purposes of this Section,
“Information” means all information received from the Borrowers relating to the Borrowers
or their business, other than any such information that is available to either Agent, any Issuing
Bank or any Lender on a non-confidential basis prior to disclosure by the Borrowers;
provided that, in the case of information received from the Borrowers after the date
hereof, 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 to maintain the confidentiality of such Information as such Person would accord to
its own confidential information.

     EACH LENDER ACKNOWLEDGES THAT INFORMATION AS DEFINED IN SECTION 9.13 FURNISHED TO IT PURSUANT
TO THIS AGREEMENT MAY INCLUDE MATERIAL NON-PUBLIC INFORMATION CONCERNING THE COMPANY AND ITS
AFFILIATES AND THEIR RELATED PARTIES OR THEIR RESPECTIVE SECURITIES, AND CONFIRMS THAT IT HAS
DEVELOPED COMPLIANCE PROCEDURES REGARDING THE USE OF MATERIAL NON-PUBLIC INFORMATION AND THAT IT
WILL HANDLE SUCH MATERIAL NON-PUBLIC INFORMATION IN ACCORDANCE WITH THOSE

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PROCEDURES AND APPLICABLE LAW, INCLUDING FEDERAL AND STATE SECURITIES LAWS.

     ALL INFORMATION, INCLUDING REQUESTS FOR WAIVERS AND AMENDMENTS, FURNISHED BY THE BORROWERS,
EITHER AGENT OR THE EX-IM REVOLVING LENDER PURSUANT TO, OR IN THE COURSE OF ADMINISTERING, THIS
AGREEMENT WILL BE SYNDICATE-LEVEL INFORMATION, WHICH MAY CONTAIN MATERIAL NON-PUBLIC INFORMATION
ABOUT THE COMPANY, THE LOAN PARTIES AND THEIR RELATED PARTIES OR THEIR RESPECTIVE SECURITIES.
ACCORDINGLY, EACH LENDER REPRESENTS TO THE BORROWERS, THE AGENTS AND THE EX-IM REVOLVING LENDER
THAT IT HAS IDENTIFIED IN ITS ADMINISTRATIVE QUESTIONNAIRE A CREDIT CONTACT WHO MAY RECEIVE
INFORMATION THAT MAY CONTAIN MATERIAL NON-PUBLIC INFORMATION IN ACCORDANCE WITH ITS COMPLIANCE
PROCEDURES AND APPLICABLE LAW, INCLUDING FEDERAL AND STATE SECURITIES LAWS.

     Section 9.14 Several Obligations; Nonreliance; Violation of Law.

     The respective obligations of the Lenders hereunder are several and not joint and the failure
of any Lender to make any Loan or perform any of its obligations hereunder shall not relieve any
other Lender from any of its obligations hereunder. Each Lender hereby represents that it is not
relying on or looking to any margin stock for the repayment of the Borrowings provided for herein.
Anything contained in this Agreement to the contrary notwithstanding, neither any Issuing Bank nor
any Lender shall be obligated to extend credit to the Borrowers in violation of any Requirement of
Law.

     Section 9.15 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 “Act”) hereby notifies the Borrowers that pursuant
to the requirements of the Act, it is required to obtain, verify and record information that
identifies the Borrowers, which information includes the names and addresses of the Borrowers and
other information that will allow such Lender to identify the Borrowers in accordance with the Act.

     Section 9.16 Disclosure.

     Each Loan Party and each Lender hereby acknowledges and agrees that each Agent and/or its
Affiliates from time to time may hold investments in, make other loans to or have other
relationships with any of the Loan Parties and their respective Affiliates.

     Section 9.17 Appointment for Perfection.

     Each Lender hereby appoints each other Lender as its agent for the purpose of perfecting
Liens, for the benefit of the Agents and the Lenders, in assets which, in accordance with Article 9
of the UCC or any other applicable law can be perfected only by possession. Should any Lender
(other than an Agent or the Ex-Im Revolving Lender) obtain possession of any such Collateral, such
Lender shall notify the Administrative Agent thereof, and, promptly upon the Administrative Agent’s
request therefor shall deliver such Collateral to the applicable Agent or the Ex-Im Revolving
Lender, as applicable, or otherwise deal with such Collateral in accordance with the Administrative
Agent’s instructions.

     Section 9.18 Interest Rate Limitation.

     Notwithstanding anything herein to the contrary, 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

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under applicable law (collectively the “Charges”), shall exceed the maximum lawful
rate (the “Maximum Rate”) which may be contracted for, charged, taken, received or reserved
by the Lender holding such Loan in accordance with applicable law, 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.

     Section 9.19 Judgment Currency.

     If either Agent or the Ex-Im Revolving Lender, on behalf of any Lender, obtains a judgment or
a judgment against a Borrower in a currency other than Dollars, the obligations of such Borrower in
respect of any sum adjudged to be due to the Agents or the Lenders hereunder or under any Notes
(the “Judgment Amount”) shall be discharged only to the extent that, on the Business Day
following receipt by such Agent of the Judgment Amount in such currency, such Agent, in accordance
with normal banking procedures, purchases Dollars with the Judgment Amount in such currency. If
the amount of Dollars so purchased is less than the amount of Dollars that could have been
purchased with the Judgment Amount on the date or dates the Judgment Amount (excluding the portion
of the Judgment Amount which has accrued as a result of the failure of such Borrower to pay the sum
originally due hereunder or under the Notes when (the “Original Due Date”) it was
originally due and owing to such Agent or any Lender hereunder or under the Notes) was originally
due and owing to such Agent or any Lender hereunder or under the Notes (the “Loss”), such
Borrower agrees as a separate obligation and notwithstanding any such judgment, to indemnify such
Agent or such Lender, as the case may be, against the Loss, and if the amount of Dollars so
purchased exceeds the amount of Dollars that could have been purchased with the Judgment Amount on
the Original Due Date, such Agent or such Lender agrees to remit such excess to such Borrower.
Where it is necessary to convert a sum due to a Lender into lawful currency of Canada, the
Borrowers covenant and agree to the fullest extent that they may legally do so, that the rate of
exchange used for purposes of conversion or for obtaining or enforcing a judgment in any court in
Canada, shall be the rate at which such Lender could purchase the same currency in which the
Borrowing was made to the Canadian Borrower from the Canadian Lenders with lawful money of Canada
on the Business Day preceding the date on which the conversion is to be made or the date on which a
final judgment is given or the conversion is made, or if permitted by applicable law, on the date
on which payment is made or the judgment is paid and satisfied.

     Section 9.20 Currency Equivalent Generally.

     For the purposes of making valuations or computations under this Agreement (but not for the
purposes of the preparation of any financial statements delivered pursuant hereto), unless
expressly provided otherwise, where a reference is made to a dollar amount the amount is to be
considered as the amount in Dollars and, therefor, each other currency shall be converted into the
Dollar Equivalent.

     Section 9.21 No Cross Collateralization.

     For the avoidance of doubt, the parties hereto agree that the Collateral of the Canadian Loan
Parties securing the Canadian Obligations shall not constitute security for the Domestic
Obligations or the Ex-Im Obligations.

     Section 9.22 Amendment and Restatement.

     (a) Existing Obligations. The Loan Parties each hereby acknowledge, confirm and agree
that the Loan Parties are indebted for outstanding loans and advances to the Loan Parties under the

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Original Credit Agreement, together with all interest accrued and accruing thereon (to the
extent applicable), and all fees, costs, expenses and other charges relating thereto, all of which
are unconditionally owing by the Loan Parties to the Agents and the Lenders to the extent set forth
in the Original Credit Agreement, without offset, defense or counterclaim of any kind, nature or
description whatsoever.

     (b) Acknowledgment of Security Interests.

     (i) The Loan Parties each hereby acknowledge, confirm and agree that the
Agents, for the benefit of the Lenders, shall continue to have a security interest
in and Lien upon the Collateral heretofore granted to such parties pursuant to the
Original Loan Documents to secure the Obligations, as well as any Collateral granted
under this Agreement or under any of the Collateral Documents or otherwise granted
to or held by the Administrative Agent or the Canadian Agent, for the benefit of the
Lenders, or any Lender.

     (ii) The Liens and security interests of the Administrative Agent and the
Canadian Agent, for the benefit of the Lenders, in the Collateral shall be deemed to
be continuously granted and perfected from the earliest date of the granting and
perfection of such Liens and security interests to the Administrative Agent and the
Canadian Agent, for the benefit of the Lenders, whether under the Original Credit
Agreement, this Agreement or any of the Collateral Documents.

     (c) Existing Agreements. The Original Borrowers each hereby acknowledge, confirm and
agree that, subject to Section 31(b) hereof: (i) the Original Credit Agreement has been
duly executed and delivered by the Loan Parties and is in full force and effect as of the date
hereof; (ii) the agreements and obligations of the Loan Parties contained in the Original Credit
Agreement constitute the legal, valid and binding obligations of the Loan Parties enforceable
against each Loan Party in accordance with its terms and no Loan Party has a valid defense to the
enforcement of such obligations; and (iii) the Agents and the other Lenders are entitled to all of
the rights, remedies and benefits provided for in or arising pursuant to the Original Credit
Agreement.

     (d) Restatement.

     (i) Except as otherwise stated in Section 9.22(b) hereof and this Section
9.22(d), as of the date hereof, the terms, conditions, agreements, covenants,
representations and warranties set forth in the Original Credit Agreement are
simultaneously amended and restated in their entirety (excluding the Schedules
prepared as of the Original Closing Date, which shall be superceded by the Schedules
delivered on and after the Effective Date), and as so amended and restated, replaced
and superseded by the terms, conditions, agreements, covenants, representations and
warranties set forth in this Agreement and the other Loan Documents executed or
delivered on or after the date hereof, except that nothing herein or in the other
Loan Documents shall impair or adversely affect the continuation of the liability of
the Loan Parties for the Obligations heretofore incurred and the security interests,
liens and other interests in the Collateral heretofore granted, pledged or assigned
by the Loan Parties to either Agent or any Lender (whether directly, indirectly or
otherwise).

     (ii) The amendment and restatement contained herein shall not, in any manner,
be construed to constitute payment of, or impair, limit, cancel or extinguish, or
constitute a novation in respect of, the Obligations of the Loan Parties evidenced
by or arising under the Original Credit Agreement, and the Liens and security
interests of each Agent, for the benefit of the Lenders, securing such Obligations
and other obligations and

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liabilities, which shall not in any manner be impaired, limited, terminated,
waived or released, but shall continue in full force and effect in favor of such
Agent, for the benefit of themselves and the Lenders.

     (iii) All loans, advances and other financial accommodations under the Original
Credit Agreement and all other Obligations of the Loan Parties to the Agents, and
the Lenders outstanding and unpaid as of the date hereof pursuant to the Original
Credit Agreement or otherwise shall be deemed Obligations of the Loan Parties
pursuant to the terms hereto.

ARTICLE X

Loan Guaranty

     Section 10.01 Guaranty.

     Each Domestic Loan Guarantor (other than those that have delivered a separate Guaranty) hereby
agrees that it is jointly and severally liable for, and absolutely and unconditionally guarantees
to the Lenders, the prompt payment when due, whether at stated maturity, upon acceleration or
otherwise, and at all times thereafter, of the Secured Obligations and all costs and expenses
including, without limitation, all court costs and attorneys’ and paralegals’ fees (including
allocated costs of in-house counsel and paralegals) and expenses paid or incurred by the Agents,
the Issuing Banks and the Lenders in endeavoring to collect all or any part of the Secured
Obligations from, or in prosecuting any action against, any Borrower, any Domestic Loan Guarantor
or any other guarantor of all or any part of the Secured Obligations (such costs and expenses,
together with the Secured Obligations, collectively the “Domestic Guaranteed Obligations”).
Each Domestic Loan Guarantor further agrees that the Domestic Guaranteed Obligations may be
extended or renewed in whole or in part without notice to or further assent from it, and that it
remains bound upon its guarantee notwithstanding any such extension or renewal.

     Each Canadian Loan Guarantor (other than those that have delivered a separate Guaranty) hereby
agrees that it is jointly and severally liable for, and absolutely and unconditionally guarantees
to the Lenders, the prompt payment when due, whether at stated maturity, upon acceleration or
otherwise, and at all times thereafter, of the Canadian Obligations (and not the Domestic
Obligations) and all costs and expenses including, without limitation, all court costs and
attorneys’ and paralegals’ fees (including allocated costs of in-house counsel and paralegals) and
expenses paid or incurred by the Agents, the Issuing Banks and the Lenders in endeavoring to
collect all or any part of the Canadian Obligations from, or in prosecuting any action against, the
Canadian Borrower, any Canadian Loan Guarantor or any other guarantor of all or any part of the
Canadian Obligations (such costs and expenses, together with the Secured Obligations, collectively
the “Canadian Guaranteed Obligations”). Each Canadian Loan Guarantor further agrees that
the Canadian Guaranteed Obligations may be extended or renewed in whole or in part without notice
to or further assent from it, and that it remains bound upon its guarantee notwithstanding any such
extension or renewal.

     All terms of this Loan Guaranty apply to and may be enforced by or on behalf of any domestic
or foreign branch or Affiliate of any Lender that extended any portion of the Domestic Guaranteed
Obligations or the Canadian Guaranteed Obligations.

     Section 10.02 Guaranty of Payment.

     This Loan Guaranty is a guaranty of payment and not of collection. Each Loan Guarantor waives
any right to require either Agent, any Issuing Bank or any Lender to sue any Borrower, any Loan
Guarantor, any other guarantor, or any other person obligated for all or any part of the Guaranteed

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Obligations (each, an “Obligated Party”), or otherwise to enforce its payment against
any collateral securing all or any part of the Guaranteed Obligations.

     Section 10.03 No Discharge or Diminishment of Loan Guaranty.

     (a) Except as otherwise provided for herein, the obligations of each Loan Guarantor hereunder
are unconditional and absolute and not subject to any reduction, limitation, impairment or
termination for any reason (other than the indefeasible payment in full in cash of the Guaranteed
Obligations), including: (i) any claim of waiver, release, extension, renewal, settlement,
surrender, alteration, or compromise of any of the Guaranteed Obligations, by operation of law or
otherwise; (ii) any change in the corporate existence, structure or ownership of any Borrower or
any other guarantor of or other person liable for any of the Guaranteed Obligations; (iii) any
insolvency, bankruptcy, reorganization or other similar proceeding affecting any Obligated Party,
or their assets or any resulting release or discharge of any obligation of any Obligated Party; or
(iv) the existence of any claim, setoff or other rights which any Loan Guarantor may have at any
time against any Obligated Party, either Agent, any Issuing Bank, any Lender, or any other person,
whether in connection herewith or in any unrelated transactions.

     (b) The obligations of each Loan Guarantor hereunder are not subject to any defense or setoff,
counterclaim, recoupment, or termination whatsoever by reason of the invalidity, illegality, or
unenforceability of any of the Guaranteed Obligations or otherwise, or any provision of applicable
law or regulation purporting to prohibit payment by any Obligated Party, of the Guaranteed
Obligations or any part thereof.

     (c) Further, the obligations of any Loan Guarantor hereunder are not discharged or impaired or
otherwise affected by: (i) the failure of either Agent, any Issuing Bank or any Lender to assert
any claim or demand or to enforce any remedy with respect to all or any part of the Guaranteed
Obligations; (ii) any waiver or modification of or supplement to any provision of any agreement
relating to the Guaranteed Obligations; (iii) any release, non-perfection, or invalidity of any
indirect or direct security for the obligations of any Borrower for all or any part of the
Guaranteed Obligations or any obligations of any other guarantor of or other person liable for any
of the Guaranteed Obligations; (iv) any action or failure to act by either Agent, any Issuing Bank
or any Lender with respect to any collateral securing any part of the Guaranteed Obligations; or
(v) any default, failure or delay, willful or otherwise, in the payment or performance of any of
the Guaranteed Obligations, or any other circumstance, act, omission or delay that might in any
manner or to any extent vary the risk of such Loan Guarantor or that would otherwise operate as a
discharge of any Loan Guarantor as a matter of law or equity (other than the indefeasible payment
in full in cash of the Guaranteed Obligations).

     Section 10.04 Defenses Waived.

     To the fullest extent permitted by applicable law, each Loan Guarantor hereby waives any
defense based on or arising out of any defense of any Borrower or any Loan Guarantor or the
unenforceability of all or any part of the Guaranteed Obligations from any cause, or the cessation
from any cause of the liability of any Borrower or any Loan Guarantor, other than the indefeasible
payment in full in cash of the Guaranteed Obligations. Without limiting the generality of the
foregoing, each Loan Guarantor irrevocably waives acceptance hereof, presentment, demand, protest
and, to the fullest extent permitted by law, any notice not provided for herein, as well as any
requirement that at any time any action be taken by any person against any Obligated Party, or any
other person. Each Loan Guarantor confirms that it is not a surety under any state law and shall
not raise any such law as a defense to its obligations hereunder. Each Agent may, at its election,
foreclose on any Collateral held by it by one or more judicial or nonjudicial sales, accept an
assignment of any such Collateral in lieu of foreclosure or otherwise act or fail to act with
respect to any collateral securing all or a part of the Guaranteed Obligations, compromise or
adjust any part of the Guaranteed Obligations, make any other accommodation with any Obligated
Party or exercise any other

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right or remedy available to it against any Obligated Party, without affecting or impairing in
any way the liability of such Loan Guarantor under this Loan Guaranty except to the extent the
Guaranteed Obligations have been fully and indefeasibly paid in cash. To the fullest extent
permitted by applicable law, each Loan Guarantor waives any defense arising out of any such
election even though that election may operate, pursuant to applicable law, to impair or extinguish
any right of reimbursement or subrogation or other right or remedy of any Loan Guarantor against
any Obligated Party or any security.

     Section 10.05 Rights of Subrogation.

     No Loan Guarantor will assert any right, claim or cause of action, including, without
limitation, a claim of subrogation, contribution or indemnification that it has against any
Obligated Party, or any collateral, until the Loan Parties and the Loan Guarantors have fully
performed all their obligations to the Agents, the Issuing Banks and the Lenders.

     Section 10.06 Reinstatement; Stay of Acceleration.

     If at any time any payment of any portion of the Guaranteed Obligations is rescinded or must
otherwise be restored or returned upon the insolvency, bankruptcy, or reorganization of any
Borrower or otherwise, each Loan Guarantor’s obligations under this Loan Guaranty with respect to
that payment shall be reinstated at such time as though the payment had not been made and whether
or not the Agents, the Issuing Banks and the Lenders are in possession of this Loan Guaranty. If
acceleration of the time for payment of any of the Guaranteed Obligations is stayed upon the
insolvency, bankruptcy or reorganization of any Borrower, all such amounts otherwise subject to
acceleration under the terms of any agreement relating to the Guaranteed Obligations shall
nonetheless be payable by the Loan Guarantors forthwith on demand by the Lender.

     Section 10.07 Information.

     Each Loan Guarantor assumes all responsibility for being and keeping itself informed of the
Borrowers’ financial condition and assets, and of all other circumstances bearing upon the risk of
nonpayment of the Guaranteed Obligations and the nature, scope and extent of the risks that each
Loan Guarantor assumes and incurs under this Loan Guaranty, and agrees that neither either Agent,
any Issuing Bank nor any Lender shall have any duty to advise any Loan Guarantor of information
known to it regarding those circumstances or risks.

     Section 10.08 Termination.

     The Lenders may continue to make loans or extend credit to the Borrowers based on this Loan
Guaranty until five days after it receives written notice of termination from any Loan Guarantor.
Notwithstanding receipt of any such notice, each Loan Guarantor will continue to be liable to the
Lenders for any Guaranteed Obligations created, assumed or committed to prior to the fifth day
after receipt of the notice, and all subsequent renewals, extensions, modifications and amendments
with respect to, or substitutions for, all or any part of that Guaranteed Obligations.

     Section 10.09 Taxes.

     All payments of the Guaranteed Obligations will be made by each Loan Guarantor free and clear
of and without deduction for any Indemnified Taxes or Other Taxes; provided that if any
Loan Guarantor 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
Agents, Lenders or Issuing Banks (as the case may be) receives an amount equal to the sum it would
have received had no such deductions been made, (ii) such Loan Guarantor shall make such deductions
and (iii) such Loan

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Guarantor shall pay the full amount deducted to the relevant Governmental Authority in
accordance with applicable law.

     Section 10.10 Maximum Liability.

     The provisions of this Loan Guaranty are severable, and in any action or proceeding involving
any state corporate law, or any state, federal or foreign bankruptcy, insolvency, reorganization or
other law affecting the rights of creditors generally, if the obligations of any Loan Guarantor
under this Loan Guaranty would otherwise be held or determined to be avoidable, invalid or
unenforceable on account of the amount of such Loan Guarantor’s liability under this Loan Guaranty,
then, notwithstanding any other provision of this Loan Guaranty to the contrary, the amount of such
liability shall, without any further action by the Loan Guarantors or the Lenders, be automatically
limited and reduced to the highest amount that is valid and enforceable as determined in such
action or proceeding (such highest amount determined hereunder being the relevant Loan Guarantor’s
“Maximum Liability”. This Section with respect to the Maximum Liability of each Loan
Guarantor is intended solely to preserve the rights of the Lenders to the maximum extent not
subject to avoidance under applicable law, and no Loan Guarantor nor any other person or entity
shall have any right or claim under this Section with respect to such Maximum Liability, except to
the extent necessary so that the obligations of any Loan Guarantor hereunder shall not be rendered
voidable under applicable law. Each Loan Guarantor agrees that the Guaranteed Obligations may at
any time and from time to time exceed the Maximum Liability of each Loan Guarantor without
impairing this Loan Guaranty or affecting the rights and remedies of the Lenders hereunder,
provided that, nothing in this sentence shall be construed to increase any Loan Guarantor’s
obligations hereunder beyond its Maximum Liability.

     Section 10.11 Contribution.

     In the event any Domestic Loan Guarantor or Canadian Loan Guarantor (a “Paying
Guarantor”) shall make any payment or payments under this Loan Guaranty or shall suffer any
loss as a result of any realization upon any collateral granted by it to secure its obligations
under this Loan Guaranty, each other Domestic Loan Guarantor (or in the case of a Paying Guarantor
that is a Canadian Loan Guarantor, each other Canadian Loan Guarantor) (each a “Non-Paying
Guarantor”) shall contribute to such Paying Guarantor an amount equal to such Non-Paying
Guarantor’s “Applicable Percentage” of such payment or payments made, or losses suffered, by such
Paying Guarantor. For purposes of this Article X, each Non-Paying Guarantor’s “Applicable
Percentage” with respect to any such payment or loss by a Paying Guarantor shall be determined
as of the date on which such payment or loss was made by reference to the ratio of (i) such
Non-Paying Guarantor’s Maximum Liability as of such date (without giving effect to any right to
receive, or obligation to make, any contribution hereunder) or, if such Non-Paying Guarantor’s
Maximum Liability has not been determined, the aggregate amount of all monies received by such
Non-Paying Guarantor from the Borrowers after the date hereof (whether by loan, capital infusion or
by other means) to (ii) the aggregate Maximum Liability of all Loan Guarantors hereunder (including
such Paying Guarantor) as of such date (without giving effect to any right to receive, or
obligation to make, any contribution hereunder), or to the extent that a Maximum Liability has not
been determined for any Loan Guarantor, the aggregate amount of all monies received by such Loan
Guarantors from the Borrowers after the date hereof (whether by loan, capital infusion or by other
means). Nothing in this provision shall affect any Domestic Loan Guarantor’s several liability for
the entire amount of the Domestic Guaranteed Obligations (up to such Domestic Loan Guarantor’s
Maximum Liability) or any Canadian Loan Guarantor’s several liability for the entire amount of the
Canadian Guaranteed Obligations (up to such Canadian Loan Guarantor’s Maximum Liability). Each of
the Loan Guarantors covenants and agrees that its right to receive any contribution under this Loan
Guaranty from a Non-Paying Guarantor shall be subordinate and junior in right of payment to the
payment in full in cash of the Guaranteed Obligations. This provision is for the benefit of both
the Agents, the Issuing Banks, the Lenders and the Loan Guarantors and may be enforced by any one,
or more, or all of them in accordance with the terms hereof.

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     Section 10.12 Liability Cumulative.

     The liability of each Loan Party as a Domestic Loan Guarantor or Canadian Loan Guarantor under
this Article X is in addition to and shall be cumulative with all liabilities of each Loan Party to
the Agents, the Issuing Banks and the Lenders under this Agreement and the other Loan Documents to
which such Loan Party is a party or in respect of any obligations or liabilities of the other
Domestic Loan Parties or Canadian Loan Parties, as applicable, without any limitation as to amount,
unless the instrument or agreement evidencing or creating such other liability specifically
provides to the contrary.

ARTICLE XI

The Borrower Representative

     Section 11.01 Appointment; Nature of Relationship.

     Park-Ohio Industries, Inc. is hereby appointed by each of the Borrowers as its contractual
representative (herein referred to as the “Borrower Representative”) hereunder and under each other
Loan Document, and each of the Borrowers irrevocably authorizes the Borrower Representative to act
as the contractual representative of such Borrower with the rights and duties expressly set forth
herein and in the other Loan Documents. The Borrower Representative agrees to act as such
contractual representative upon the express conditions contained in this Article XI. Additionally,
the Borrowers hereby appoint the Borrower Representative as their agent to receive all of the
proceeds of the Loans in the Funding Account(s), at which time the Borrower Representative shall
promptly disburse such Loans to the appropriate Borrower. The Agents and the Lenders, and their
respective officers, directors, agents or employees, shall not be liable to the Borrower
Representative or any Borrower for any action taken or omitted to be taken by the Borrower
Representative or the Borrowers pursuant to this Section 11.01.

     Section 11.02 Powers.

     The Borrower Representative shall have and may exercise such powers under the Loan Documents
as are specifically delegated to the Borrower Representative by the terms of each thereof, together
with such powers as are reasonably incidental thereto. The Borrower Representative shall have no
implied duties to the Borrowers, or any obligation to the Lenders to take any action thereunder
except any action specifically provided by the Loan Documents to be taken by the Borrower
Representative.

     Section 11.03 Employment of Agents.

     The Representative may execute any of its duties as the Representative hereunder and under any
other Loan Document by or through authorized officers.

     Section 11.04 Notices.

     Each Borrower shall immediately notify the Borrower Representative of the occurrence of any
Default hereunder referring to this Agreement describing such Default and stating that such notice
is a “notice of default.” In the event that the Borrower Representative receives such a notice,
the Borrower Representative shall give prompt notice thereof to the Agents and the Lenders. Any
notice provided to the Borrower Representative hereunder shall constitute notice to each Borrower
on the date received by the Borrower Representative.

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     Section 11.05 Successor Borrower Representative.

     Upon the prior written consent of the Agent, the Representative may resign at any time, such
resignation to be effective upon the appointment of a successor Representative. The Agent shall
give prompt written notice of such resignation to the Lenders.

     Section 11.06 Execution of Loan Documents; Borrowing Base Certificate.

     The Borrowers hereby empower and authorize the Representative, on behalf of the Borrowers, to
execute and deliver to the Agent and the Lenders any Other Agreement and all agreements,
certificates, documents, or instruments as shall be necessary or appropriate to effect the purposes
of this Agreement and the Other Agreements, including without limitation, borrowing base
certificates and compliance certificates. Each Borrower agrees that any action taken by the
Representative or any Borrower in accordance with the terms of this Agreement or the Other
Agreements, and the exercise by the Representative of its powers set forth therein or herein,
together with such other powers that are reasonably incidental thereto, shall be binding upon all
of the Borrowers.

     Section 11.07 Reporting.

     Each Loan Party hereby agrees that the Company shall furnish promptly after each calendar
month to the Borrower Representative a copy of its individual borrowing base certificate and any
other certificate or report required hereunder or requested by the Borrower Representative on which
the Borrower Representative shall rely to prepare the Borrowing Base Certificates and Compliance
Certificates required pursuant to the provisions of this Agreement.

ARTICLE XII

Cash Management

     Section 12.01 Lockbox and Cash Management Account.

     Each Domestic Loan Party has obtained and shall continue to maintain during the term of this
Agreement a post office box at Chase subject to the control of the Administrative Agent (the
“Domestic Locked Boxes”). Each Canadian Loan Party has obtained and shall continue to
maintain during the term of this Agreement, a post office box at Chase Canada subject to the
control of Chase Canada (the “Canadian Locked Boxes”; the Domestic Locked Boxes and the
Canadian Locked Boxes are collectively referred to as the “Locked Boxes”). Each Loan Party
shall notify all of its customers and Account Debtors to forward all remittances of every kind due
to such Loan Party (“Remittances”) to its Locked Box (such notices to be in such form and
substance as the Administrative Agent may require from time to time). Promptly upon receipt
thereof, the Loan Parties shall deposit all other proceeds of Accounts, Export-Related Accounts and
other Collateral into the appropriate Locked Boxes (or into a Cash Management Account). The
applicable Agent shall have sole access to the Locked Boxes at all times, and each Loan Party shall
take all action necessary to grant such Agent such sole access. At no time shall any Loan Party
remove any item from the Locked Boxes without the prior written consent of the applicable Agent,
and each Loan Party shall notify each customer or Account Debtor not to pay any Remittance to any
other place or address without the prior written consent of the applicable Agent. If a Loan Party
should neglect or refuse to notify any customer or Account Debtor to pay any Remittance to its
Locked Box after notice from the applicable Agent, such Agent shall be entitled to make such
notification. Each Loan Party hereby grants to each of Agent an irrevocable power of attorney,
coupled with an interest, to take in such Loan Party’s name all action necessary (a) to grant the
such Agent sole access to its Locked Box, (b) during the continuance of a Default, to contact
Account Debtors to pay any Remittance to such Locked Box in the event that any such Account Debtor
is not paying any such Remittance to such Locked Box, (c) during the continuance of a Default, to
contact Account Debtors for

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any reason and (d) to endorse each Remittance delivered to its Locked Box for deposit to a
Cash Management Account. Each of the Company and the Canadian Borrower shall establish and, unless
otherwise directed by the applicable Agent, maintain a cash management account with such Agent
(each, a “Cash Management Account”). Each of the Company and the Canadian Borrower shall
enter into an agreement with the applicable Agent, relating to such Loan Party’s Cash Management
Account, in form and substance reasonably satisfactory to the such Agent.

     Section 12.02 Application of Funds.

     If within any fiscal quarter, Aggregate Availability is less than the Maximum Availability
Amount on any 10 Business Days (whether consecutive or not) within any 30 day period, or an Event
of Default exists, full cash dominion will be in effect and all funds in the Cash Management
Accounts shall be automatically applied to the Obligations as set forth in Section 2.10(f). At all
other times, all funds in the Cash Management Accounts at the end of each day shall be
automatically swept to the operating account of the Company or the Canadian Borrower, as
applicable.

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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.

WARNING — BY SIGNING THIS PAPER YOU GIVE UP YOUR RIGHT TO NOTICE AND COURT
TRIAL. IF YOU DO NOT PAY ON TIME A COURT JUDGMENT MAY BE TAKEN AGAINST YOU
WITHOUT YOUR PRIOR KNOWLEDGE AND THE POWERS OF A COURT CAN BE USED TO COLLECT
FROM YOU REGARDLESS OF ANY CLAIMS YOU MAY HAVE AGAINST THE CREDITOR WHETHER FOR
RETURNED GOODS, FAULTY GOODS, FAILURE ON ITS PART TO COMPLY WITH THE AGREEMENT,
OR ANY OTHER CAUSE.

	 	 	 	 	 
	 	BORROWERS:

PARK-OHIO INDUSTRIES, INC.

 	 
	 	By	/s/ Robert D. Vilsack
 	 
	 	 	Name:  	Robert D. Vilsack 	 
	 	 	Title:  	Secretary 	 
	 
	 	RB&W CORPORATION OF CANADA

 	 
	 	By  	/s/ Robert D. Vilsack
 	 
	 	 	Name:  	Robert D. Vilsack 	 
	 	 	Title:  	Secretary 	 
	 
	 	EX-IM BORROWERS:

PARK-OHIO INDUSTRIES, INC.

 	 
	 	By  	/s/ Robert D. Vilsack
 	 
	 	 	Name:  	Robert D. Vilsack 	 
	 	 	Title:  	Secretary 	 
	 
	 	AJAX TOCCO MAGNETHERMIC CORPORATION

 	 
	 	By  	/s/ Robert D. Vilsack
 	 
	 	 	Name:  	Robert D. Vilsack 	 
	 	 	Title:  	Secretary 	 
	 

Signature Page to Fourth Amended and Restated Credit Agreement

 

 

WARNING — BY SIGNING THIS PAPER YOU GIVE UP YOUR RIGHT TO NOTICE AND COURT
TRIAL. IF YOU DO NOT PAY ON TIME A COURT JUDGMENT MAY BE TAKEN AGAINST YOU
WITHOUT YOUR PRIOR KNOWLEDGE AND THE POWERS OF A COURT CAN BE USED TO COLLECT
FROM YOU REGARDLESS OF ANY CLAIMS YOU MAY HAVE AGAINST THE CREDITOR WHETHER FOR
RETURNED GOODS, FAULTY GOODS, FAILURE ON ITS PART TO COMPLY WITH THE AGREEMENT,
OR ANY OTHER CAUSE.

	 	 	 

	OTHER DOMESTIC LOAN PARTIES:

	 	PHARMACEUTICAL LOGISTICS, INC.
	AJAX TOCCO MAGNETHERMIC CORPORATION

	 	PHARMACY WHOLESALE LOGISTICS, INC.
	ATBD, INC.

	 	P-O REALTY LLC
	BLUE FALCON TRAVEL, INC.

	 	PRECISION MACHINING CONNECTION LLC
	COLUMBIA NUT & BOLT LLC

	 	RB&W MANUFACTURING LLC
	CONTROL TRANSFORMER, INC.

	 	RED BIRD, INC.
	FECO, INC

	 	SNOW DRAGON LLC
	FORGING PARTS & MACHINING COMPANY

	 	SOUTHWEST STEEL PROCESSING LLC
	GATEWAY INDUSTRIAL SUPPLY LLC

	 	ST HOLDING CORP.
	GENERAL ALUMINUM MFG. COMPANY

	 	STMX, INC.
	ILS TECHNOLOGY LLC

	 	SUMMERSPACE, INC.
	INDUCTION MANAGEMENT SERVICES, LLC

	 	SUPPLY TECHNOLOGIES (NY), INC.
	INTEGRATED HOLDING COMPANY

	 	SUPPLY TECHNOLOGIES LLC
	INTEGRATED LOGISTICS HOLDING COMPANY

	 	THE AJAX MANUFACTURING COMPANY
	INTEGRATED LOGISTICS SOLUTIONS, INC.

	 	THE CLANCY BING COMPANY
	LEWIS & PARK SCREW & BOLT COMPANY

	 	TOCCO, INC.
	PARK-OHIO FORGED & MACHINED PRODUCTS LLC

	 	WB&R ACQUISITION COMPANY, INC.
	PARK-OHIO PRODUCTS, INC.
	 	 

	 	 	 	 	 
	 	 	 
	 	By  	                                          /s/ Robert D. Vilsack
 	 
	 	 	Name:  	Robert D. Vilsack 	 
	 	 	Title:  	Secretary 	 
	 

Signature Page to Fourth Amended and Restated Credit Agreement

 

 

WARNING — BY SIGNING THIS PAPER YOU GIVE UP YOUR RIGHT TO NOTICE AND COURT
TRIAL. IF YOU DO NOT PAY ON TIME A COURT JUDGMENT MAY BE TAKEN AGAINST YOU
WITHOUT YOUR PRIOR KNOWLEDGE AND THE POWERS OF A COURT CAN BE USED TO COLLECT
FROM YOU REGARDLESS OF ANY CLAIMS YOU MAY HAVE AGAINST THE CREDITOR WHETHER FOR
RETURNED GOODS, FAULTY GOODS, FAILURE ON ITS PART TO COMPLY WITH THE AGREEMENT,
OR ANY OTHER CAUSE.

	 	 	 	 	 
	 	POVI L.L.C.

 	 
	 	By:  	Park-Ohio Industries, Inc.
 	 
	 	Its: 	Member 	 
	 	 	 
	 	By  	/s/ Robert D. Vilsack
 	 
	 	 	Name:  	Robert D. Vilsack 	 
	 	 	Title:  	Secretary 	 
	 
	 	RB&W LTD.

 	 
	 	By:  	Integrated Logistics Holding Company,
 	 
	 	Its: 	 Member 	 
	 	 	 
	 	By  	/s/ Robert D. Vilsack
 	 
	 	 	Name:  	Robert D. Vilsack 	 
	 	 	Title:  	Secretary 	 
	 
	 	TW MANUFACTURING CO.

 	 
	 	By  	/s/ Robert D. Vilsack
 	 
	 	 	Name:  	Robert D. Vilsack 	 
	 	 	Title:  	Secretary 	 
	 

Signature Page to Fourth Amended and Restated Credit Agreement

 

 

WARNING — BY SIGNING THIS PAPER YOU GIVE UP YOUR RIGHT TO NOTICE AND COURT
TRIAL. IF YOU DO NOT PAY ON TIME A COURT JUDGMENT MAY BE TAKEN AGAINST YOU
WITHOUT YOUR PRIOR KNOWLEDGE AND THE POWERS OF A COURT CAN BE USED TO COLLECT
FROM YOU REGARDLESS OF ANY CLAIMS YOU MAY HAVE AGAINST THE CREDITOR WHETHER FOR
RETURNED GOODS, FAULTY GOODS, FAILURE ON ITS PART TO COMPLY WITH THE AGREEMENT,
OR ANY OTHER CAUSE.

	 	 	 	 	 
	 	OTHER CANADIAN LOAN PARTIES:

AJAX TOCCO MAGNETHERMIC CANADA LIMITED

 	 
	 	By  	/s/ Robert D. Vilsack
 	 
	 	 	Name:  	Robert D. Vilsack 	 
	 	 	Title:  	Secretary 	 
	 
	 	SUPPLY TECHNOLOGIES COMPANY OF CANADA

 	 
	 	By  	/s/ Robert D. Vilsack
 	 
	 	 	Name:  	Robert D. Vilsack 	 
	 	 	Title:  	Secretary 	 
	 

Signature Page to Fourth Amended and Restated Credit Agreement

 

 

	 	 	 	 	 
	 	JPMORGAN CHASE BANK, N.A., individually
 as Administrative Agent, as Domestic
Issuing
 Bank, as Ex-Im Issuing Bank, as Ex-Im Revolving
 Lender, as Domestic
Swingline Lender and as a
 Lender

 	 
	 	By  	/s/ David Waugh
 	 
	 	 	Name:  	David Waugh 	 
	 	 	Title:  	Senior Vice President 	 
	 
	 	JPMORGAN CHASE BANK, N.A., TORONTO
 BRANCH, as Canadian Agent, as Canadian
Issuing
 Bank, as Canadian Swingline Lender and as a
 Lender

 	 
	 	By  	/s/ Agostino Marchetti
 	 
	 	 	Name:  	Agostino Marchetti 	 
	 	 	Title:  	Senior Vice President 	 
	 

Signature Page to Fourth Amended and Restated Credit Agreement

 

 

	 	 	 	 	 
	 	U.S. BANK NATIONAL ASSOCIATION, as a Lender

 	 
	 	By  	/s/ Matthew Kasper
 	 
	 	 	Name:  	Matthew Kasper 	 
	 	 	Title:  	Relationship Manager 	 
	 
	 	U.S. BANK NATIONAL ASSOCIATION, Canada
 Branch, as a Canadian Revolving Lender

 	 
	 	By  	/s/ Joseph Rauhala
 	 
	 	 	Name:  	Joseph Rauhala 	 
	 	 	Title:  	Principal Officer 	 
	 

Signature Page to Fourth Amended and Restated Credit Agreement

 

 

	 	 	 	 	 
	 	PNC BANK, NATIONAL ASSOCIATION, as a Lender

 	 
	 	By  	/s/ James M. Steffy
 	 
	 	 	Name:  	James M. Steffy 	 
	 	 	Title:  	Vice President 	 
	 
	 	PNC BANK, Canada Branch, as a Canadian Revolving Lender

 	 
	 	By  	/s/ James M. Steffy
 	 
	 	 	Name:  	James M. Steffy 	 
	 	 	Title:  	Vice President 	 
	 

Signature Page to Fourth Amended and Restated Credit Agreement

 

 

	 	 	 	 	 
	 	RBS BUSINESS CAPITAL, a division of RBS
 Asset Finance, Inc., a subsidiary of
RBS Citizens,
 N.A., as a Lender and as a Canadian Revolving
 Lender

 	 
	 	By  	/s/ James G. Zamborsky
 	 
	 	 	Name:  	James G. Zamborsky 	 
	 	 	Title:  	Vice President 	 
	 

Signature Page to Fourth Amended and Restated Credit Agreement

 

 

	 	 	 	 	 
	 	BANK OF AMERICA, N.A., as a Lender

 	 
	 	By  	/s/ Trevor S. Townsend
 	 
	 	 	Name:  	Trevor S. Townsend 	 
	 	 	Title:  	Vice President 	 
	 
	 	BANK OF AMERICA, N.A. (acting through its
 Canada Branch), as a Canadian
Revolving Lender

 	 
	 	By  	/s/ Medina Sales De Andrade
 	 
	 	 	Name:  	Medina Sales De Andrade 	 
	 	 	Title:  	Vice President 	 
	 

Signature Page to Fourth Amended and Restated Credit Agreement

 

 

	 	 	 	 	 
	 	KEYBANK NATIONAL ASSOCIATION, as a
 Lender and as a Canadian Revolving Lender

 	 
	 	By  	/s/ John P. Dunn
 	 
	 	 	Name:  	John P. Dunn 	 
	 	 	Title:  	Vice President 	 
	 

Signature Page to Fourth Amended and Restated Credit Agreement

 

 

	 	 	 	 	 
	 	FIRST NATIONAL BANK OF
 PENNSYLVANIA, as a Lender

 	 
	 	By  	/s/ Robert Beer
 	 
	 	 	Name:  	Robert Beer 	 
	 	 	Title:  	Senior Vice President 	 
	 

Signature Page to Fourth Amended and Restated Credit Agreement

 

 

COMMITMENT SCHEDULE

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	Domestic Revolving	 	 	Canadian Revolving	 	 	Ex-Im Revolving	 	 	Total	 
	Lender	 	Commitment	 	 	Subcommitment	 	 	Subcommitment	 	 	Commitments	 
	JPMorgan Chase Bank, N.A.
	 	$	45,000,000.00	 	 	$	0.00	 	 	$	25,000,000.00	 	 	$	45,000,000.00	 
	JPMorgan Chase Bank, N.A. (Toronto Branch)
	 	$	0.00	 	 	$	3,958,334.00	 	 	$	0.00	 	 	$	3,958,334.00	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	(subcommitment)
	U.S. Bank National Association
	 	$	30,000,000.00	 	 	$	0.00	 	 	$	3,750,000.00	*	 	$	30,000,000.00	 
	U.S. Bank National Association, Canada Branch
	 	$	0.00	 	 	$	2,500,000.00	 	 	$	0.00	 	 	$	2,500,000.00	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	(subcommitment)
	PNC Bank, National Association
	 	$	30,000,000.00	 	 	$	0.00	 	 	$	3,750,000.00	*	 	$	30,000,000.00	 
	PNC Bank Canada Branch
	 	$	0.00	 	 	$	2,500,000.00	 	 	$	0.00	 	 	$	2,500,000.00	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	(subcommitment)
	RBS Business Capital
	 	$	25,000,000.00	 	 	$	1,875,000.00	 	 	$	3,125,000.00	*	 	$	25,000,000.00	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	$	1,875,000.00	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	(subcommitment)
	Bank of America, N.A.
	 	$	25,000,000.00	 	 	$	0.00	 	 	$	3,125,000.00	*	 	$	25,000,000.00	 
	Bank of America, N.A. (acting through its Canada Branch)
	 	$	0.00	 	 	$	2,083,333.00	 	 	$	0.00	 	 	$	2,083,333.00	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	(subcommitment)
	Keybank National Association
	 	$	25,000,000.00	 	 	$	2,083,333.00	 	 	$	3,125,000.00	*	 	$	25,000,000.00	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	$	2,083,333.00	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	(subcommitment)
	First National Bank of Pennsylvania
	 	$	20,000,000.00	 	 	$	0.00	 	 	$	2,500,000.00	*	 	$	20,000,000.00	 
	Total
	 	$	200,000,000.00	 	 	$	15,000,000.00	 	 	$	25,000,000.00	 	 	$	200,000,000.00	 

 

 

Schedule 2.1.2

Existing Facility LCs

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	Issue/Adv	 	Maturity	 	 	 
	JPM Ref #	 	Beneficiary Name	 	Liab Out Amt	 	 	Date	 	Date	 	 	Evergreen
	CTCS-273372	 	UNICREDITO ITALIANO
	 	$	72,414.90	 	 	DEC 19, 2007	 	 	12/31/2011	 	 	Y
	CTCS-624745	 	SMS DEMAG INNSE S.P.A.
	 	$	105,500.00	 	 	JUN 17, 2008	 	 	6/15/2011	 	 	N
	CTCS-634282	 	BUCKEYE UNION INSURANCE COMPANY
	 	$	265,000.00	 	 	OCT 16, 2003	 	 	10/30/2011	 	 	Y
	CTCS-634313	 	THE CINCINNATI INSURANCE COMPANY
	 	$	100,000.00	 	 	JAN 21, 2004	 	 	3/15/2012	 	 	Y
	CTCS-634464	 	LIBERTY MUTUAL INSURANCE COMPANY
	 	$	1,925,325.00	 	 	APR 12, 2004	 	 	5/31/2012	 	 	Y
	CTCS-634470	 	THE TRAVELERS INDEMNITY COMPANY
	 	$	325,000.00	 	 	MAY 10, 2004	 	 	6/16/2012	 	 	Y
	CTCS-634484	 	THE CINCINNATI INSURANCE COMPANY
	 	$	37,500.00	 	 	AUG 10, 2004	 	 	9/30/2011	 	 	Y
	CTCS-634502	 	MISTER BERND BRANDMEIER
	 	$	28,398.00	 	 	NOV 02, 2004	 	 	10/31/2011	 	 	Y
	CTCS-660962	 	HUANGSHI SUNNY SCIENCE AND
	 	$	49,000.00	 	 	MAR 04, 2011	 	 	8/24/2012	 	 	N
	CTCS-711239	 	DANIELI & C. OFFICINE MECCANICHE
	 	$	510,530.00	 	 	APR 08, 2009	 	 	6/30/2011	 	 	N
	CTCS-711247	 	SMS DEMAG AG
	 	$	41,721.50	 	 	APR 08, 2009	 	 	8/4/2011	 	 	N
	CTCS-711979	 	SREEDAS (HK) CO., LIMITED
	 	$	270,803.33	 	 	SEP 03, 2009	 	 	3/27/2012	 	 	N
	CTCS-747605	 	COCKERILL MECHANICAL INDUSTRIES SA
	 	$	105,557.59	 	 	MAR 19, 2009	 	 	6/30/2011	 	 	N
	CTCS-767382	 	SMS INNSE S.P.A.
	 	$	68,500.00	 	 	OCT 09, 2009	 	 	8/27/2012	 	 	N
	CTCS-799198	 	NATIONAL BANK OF EGYPT
	 	$	11,523.50	 	 	AUG 27, 2009	 	 	3/8/2012	 	 	N

 

 

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	Issue/Adv	 	Maturity	 	 	 
	JPM Ref #	 	Beneficiary Name	 	Liab Out Amt	 	 	Date	 	Date	 	 	Evergreen
	CTCS-819938	 	POSCO PLANT ENGINEERING CO., LTD.
	 	$	187,700.00	 	 	APR 16, 2010	 	 	11/15/2011	 	 	N
	CTCS-827364	 	WIPRO LIMITED
	 	$	104,088.00	 	 	APR 16, 2010	 	 	9/30/2011	 	 	N
	CTCS-846426	 	PT SUNRISE
	 	$	80,000.00	 	 	NOV 17, 2010	 	 	1/30/2013	 	 	N
	CTCS-854332	 	THE BANK OF TOKYO-MITSUBISHI, LTD.
	 	$	134,265.00	 	 	JUN 14, 2010	 	 	6/15/2013	 	 	N
	CTCS-869625	 	V&M TWO, LLC
	 	$	1,000,000.00	 	 	NOV 01, 2010	 	 	12/13/2011	 	 	N
	CTCS-871325	 	SMS SIEMAG AG
	 	$	52,576.10	 	 	SEP 07, 2010	 	 	8/4/2011	 	 	N
	CTCS-878784	 	POSCO ICT COMPANY LTD
	 	$	45,320.00	 	 	SEP 22, 2010	 	 	6/25/2011	 	 	N
	CTCS-878785	 	TENARIS INGENIERIA SA
	 	$	470,000.00	 	 	SEP 22, 2010	 	 	3/31/2012	 	 	N
	CTCS-884711	 	LIEBE CORPORATION
	 	$	450,000.00	 	 	OCT 07, 2010	 	 	4/7/2011	 	 	N
	CTCS-895892	 	BHUSHAN STEEL LIMITED
	 	$	468,750.00	 	 	DEC 16, 2010	 	 	6/30/2011	 	 	N
	CTCS-896534	 	DANIELI & C. OFFICINE MECCANICHE
	 	$	78,800.00	 	 	DEC 21, 2010	 	 	4/30/2011	 	 	N
	CTCS-909910	 	MAVERICK TUBE, LLC
	 	$	590,000.00	 	 	FEB 11, 2011	 	 	5/31/2011	 	 	N
	CTCS-912967	 	RIYAD BANK LTD.
	 	$	172,711.00	 	 	FEB 23, 2011	 	 	4/30/2014	 	 	N
	CTCS-912968	 	V&M TWO, LLC
	 	$	2,000,000.00	 	 	FEB 17, 2011	 	 	10/18/2011	 	 	N
	CTCS-917497	 	POSCO ENGINEERING AND CONSTRUCTION
	 	$	176,000.00	 	 	FEB 28, 2011	 	 	7/19/2011	 	 	N
	CTCS-917655	 	UTTAM GALVA STEELS LTD.
	 	$	290,250.00	 	 	MAR 30, 2011	 	 	8/25/2011	 	 	N
	 	 	 
	 	$	10,217,233.92	 	 	 	 	 	 	 	 	 

Letter of Credit, for the benefit of Niagara CMBS 1-7 yr LP, in the principal amount of Cdn
$53,500, maturing April 30, 2014.

 

 

Schedule 3.05

Real Property

	 	 	 	 	 	 	 	 	 
	LEASE	 	 	 	 	 	 	 	ST.
	/OWN	 	LOAN PARTY	 	PROPERTY ADDRESS	 	CITY	 	/PROV.
	Own

	 	Ajax Tocco Magnethermic Corporation
	 	1745 Overland Avenue, N.E.
	 	Warren
	 	OH
	Lease

	 	Ajax Tocco Magnethermic Corporation
	 	333 Station Street-P.O.Box 779
	 	Ajax
	 	ONT
	Lease

	 	Ajax Tocco Magnethermic Corporation
	 	30100 Stephenson Highway
	 	Madison Hts.
	 	MI
	Lease

	 	Ajax Tocco Magnethermic Corporation
	 	8984 Meridian Circle, NW
	 	No. Canton
	 	OH
	Own

	 	Ajax Tocco Magnethermic Corporation
	 	1506 Industrial Blvd.
	 	Boaz
	 	AL
	Own

	 	Ajax Tocco Magnethermic Corporation
	 	Vacant Land, Lakeland Boulevard
	 	Wickliffe
	 	OH
	Lease

	 	Ajax Tocco Magnethermic Corporation
	 	13295 Illinois St., Suite 140
	 	Carmel
	 	IN
	Lease

	 	Ajax Tocco Magnethermic Corporation
	 	5807 West Marshall Avenue
	 	Longview
	 	TX
	Own

	 	Ajax Tocco Magnethermic Corporation
	 	3671 Warren-Meadville Road
	 	Cortland
	 	OH
	Lease

	 	Columbia Nut & Bolt LLC
	 	50 Graphic Place
	 	Moonachie
	 	NJ
	Lease

	 	Control Transformer, Inc.
	 	3701 Warren-Meadville Road
	 	Cortland
	 	OH
	Lease

	 	General Aluminum Mfg. Company
	 	500 Madison Avenue — G11
	 	Conneaut
	 	OH
	Own

	 	General Aluminum Mfg. Company
	 	1370 Chamberlain Blvd. — G3
	 	Conneaut
	 	OH
	Own

	 	General Aluminum Mfg. Company
	 	1042 Chamberlain Blvd.
	 	Conneaut
	 	OH
	Lease

	 	General Aluminum Mfg. Company
	 	1043-A Chamberlain Blvd. — G2
	 	Conneaut
	 	OH
	Lease

	 	General Aluminum Mfg. Company
	 	1043-B Chamberlain Blvd. — G4
	 	Conneaut
	 	OH
	Lease

	 	General Aluminum Mfg. Company
	 	1345 Henry Street
	 	Huntington
	 	IN
	Lease

	 	General Aluminum Mfg. Company
	 	1300 Salamonie Avenue
	 	Huntington
	 	IN
	Own

	 	General Aluminum Mfg. Company
	 	303 E. Swagger Drive
	 	Fremont
	 	IN
	Own

	 	General Aluminum Mfg. Company
	 	13663 Short Road
	 	Wapakoneta
	 	OH
	Own

	 	General Aluminum Mfg. Company
	 	1561 Northwest 11th Street
	 	Richmond
	 	IN
	Lease

	 	General Aluminum Mfg. Company
	 	30000 Stephenson Highway
	 	Madison Hts.
	 	MI
	Lease

	 	TW Manufacturing Co. dba Production Pattern
	 	560 Solon Road
	 	Bedford Hts.
	 	OH
	Own

	 	General Aluminum Mfg. Company
	 	5159 State Route 44 (Rootstown)
	 	Ravenna
	 	OH

 

			
	1	 	Plant Identifiers

 

 

	 	 	 	 	 	 	 	 	 
	LEASE	 	 	 	 	 	 	 	ST.
	/OWN	 	LOAN PARTY	 	PROPERTY ADDRESS	 	CITY	 	/PROV.
	Own

	 	General Aluminum Mfg. Company
	 	706 N. Walnut Street
	 	Ravenna
	 	OH
	Lease

	 	TW Manufacturing Co. dba Production Pattern
	 	1 W. Interstate Street
	 	Bedford
	 	OH
	Lease

	 	ILS Technology LLC
	 	5300 Broken Sound Blvd.,#150
	 	Boca Raton
	 	FL
	Lease

	 	Park-Ohio Products, Inc.
	 	7000 Denison Avenue
	 	Cleveland
	 	OH
	Lease

	 	Park-Ohio Forged & Machined Products LLC
	 	5301 W. Roosevelt Road
	 	Cicero
	 	IL
	Lease

	 	Park-Ohio Industries, Inc.
	 	6065 Parkland Blvd
	 	Mayfield Heights
	 	OH
	Own

	 	Park-Ohio Industries, Inc.
	 	777 East 79th Street
	 	Cleveland
	 	OH
	Own

	 	Park-Ohio Industries, Inc.
	 	3800 Harvard Avenue
	 	Newburgh Heights
	 	OH
	Own

	 	Pharmacy Wholesale Logistics, Inc.
	 	15625 Saranac Avenue
	 	Cleveland
	 	OH
	Own

	 	Precision Machining Connection LLC
	 	29100 Lakeland Boulevard
	 	Wickliffe
	 	OH
	Lease

	 	RB&W Manufacturing LLC
	 	10080 Wellman Road
	 	Streetsboro
	 	OH
	Lease

	 	RB&W Corporation of Canada
	 	5156 Bradco Blvd.
	 	Mississauga
	 	ONT
	Lease

	 	RB&W Corporation of Canada
	 	5190 Bradco Blvd.
	 	Mississauga
	 	ONT
	Own

	 	RB&W Manufacturing LLC
	 	700 London Road
	 	Delaware
	 	OH
	Lease

	 	RB&W Manufacturing LLC
	 	400 Commerce Blvd.
	 	Lawrence
	 	PA
	Lease

	 	Southwest Steel Processing LLC
	 	2801 Van Dyke Road
	 	Newport
	 	AR
	Lease

	 	Southwest Steel Processing LLC
	 	4900 Lighthouse Drive
	 	Newport
	 	AR
	Lease

	 	Supply Technologies LLC
	 	400 Commerce Blvd.
	 	Lawrence
	 	PA
	Lease

	 	Supply Technologies LLC
	 	3717 East Broadway Road, Suite 5
	 	Phoenix
	 	AZ
	Lease

	 	Supply Technologies LLC
	 	700 Aberdeen Loop, Suite D
	 	Lynn Haven
	 	FL
	Lease

	 	Supply Technologies LLC
	 	5440 Keystone Drive
	 	Ft. Wayne
	 	IN
	Lease

	 	Supply Technologies LLC
	 	6900 Executive Drive, Suite 190
	 	Kansas City
	 	MO
	Lease

	 	Supply Technologies LLC
	 	1327 S. Woodbranch Drive
	 	Charlotte
	 	NC
	Lease

	 	Supply Technologies LLC
	 	7732 S.133rd Street, Suites 106-109
	 	Omaha
	 	NE
	Lease

	 	Supply Technologies LLC
	 	797 Allen Street, Ext.
	 	Jamestown
	 	NY
	Lease

	 	Supply Technologies LLC
	 	20 Vantage Point Drive #1
	 	Rochester
	 	NY
	Lease

	 	Supply Technologies LLC
	 	590 Claycraft Road
	 	Columbus
	 	OH
	Lease

	 	Supply Technologies LLC
	 	6675 Homestretch Drive
	 	Dayton
	 	OH
	Lease

	 	Supply Technologies LLC
	 	5370 Naiman Parkway
	 	Solon
	 	OH

 

 

	 	 	 	 	 	 	 	 	 
	LEASE	 	 	 	 	 	 	 	ST.
	/OWN	 	LOAN PARTY	 	PROPERTY ADDRESS	 	CITY	 	/PROV.
	Lease

	 	Supply Technologies LLC
	 	1307 West Valley Hwy., Suite 105
	 	Auburn
	 	WA
	Lease

	 	Supply Technologies LLC
	 	4001 Pepperelle Way
	 	Dublin
	 	VA
	Lease

	 	Supply Technologies LLC
	 	11401 East 27th St., N.
	 	Tulsa
	 	OK
	Lease

	 	Supply Technologies LLC
	 	25 Devon Road
	 	Brampton
	 	ONT
	Lease

	 	Supply Technologies LLC
	 	7520 Morris Court, Suite 110
	 	Allentown
	 	PA
	Lease

	 	Supply Technologies LLC
	 	2651 W.16th Street
	 	Erie
	 	PA
	Lease

	 	Supply Technologies LLC
	 	1204 Main Street
	 	Britton
	 	SD
	Lease

	 	Supply Technologies LLC
	 	4905 Southridge Blvd., Suite 4-10
	 	Memphis
	 	TN
	Lease

	 	Supply Technologies LLC
	 	800 Interchange Blvd., Suite 101
	 	Austin
	 	TX
	Lease

	 	Supply Technologies LLC
	 	28 Walter Jones Blvd., Suite B
	 	El Paso
	 	TX
	Lease

	 	Supply Technologies LLC
	 	10645 Freeport Drive
	 	Louisville
	 	KY
	Lease

	 	Supply Technologies LLC
	 	4837 Azalia Avenue North
	 	Minneapolis
	 	MN
	Lease

	 	Supply Technologies LLC
	 	225 Horizon Drive, Suite A
	 	Suwanee
	 	GA
	Lease

	 	Supply Technologies LLC
	 	30000 Stephenson Highway
	 	Madison Hts
	 	MI
	Lease

	 	Supply Technologies LLC
	 	22 IBM Road
	 	Poughkeepsie
	 	NY
	Lease

	 	Supply Technologies LLC
	 	International Distribution Center
Building 13, 165 Street Km 1.4
	 	Pueblo Viejo,

Guaynabo
	 	PR
	Lease

	 	The Ajax Manufacturing Company
	 	1441 Chardon Road
	 	Cleveland
	 	OH
	Lease

	 	The Ajax Manufacturing Company
	 	150 Reading Road
	 	Shippensburg
	 	PA
	Lease

	 	Supply Technologies LLC
	 	417 Village Drive
	 	Carol Stream
	 	IL
	Lease

	 	Supply Technologies LLC
	 	14617 W. 112th Street
	 	Lenexa
	 	KS
	Lease

	 	Supply Technologies LLC
	 	405 Industrial Blvd
	 	Greenville
	 	NC
	Lease

	 	Supply Technologies LLC
	 	264 NH Route 106 #2
	 	Gilmanton
	 	NH
	Lease

	 	Supply Technologies LLC
	 	303 Northfullenwider Street
	 	Centralia
	 	MO
	Lease

	 	Supply Technologies LLC
	 	301 W. 25th Street
	 	Stuttgart
	 	AR
	Lease

	 	Supply Technologies LLC-through 4/30/2011
	 	418 33rd Avenue South
	 	Waite Park
	 	MN
	Lease

	 	Supply Technologies LLC
	 	273 Cumberland Street
	 	Memphis
	 	TN
	Lease

	 	Supply Technologies LLC
	 	1116-G West 15th Street
	 	Hopkinsville
	 	KY
	Lease

	 	Supply Technologies LLC
	 	N22747 US Highway 53
	 	Ettrick
	 	WI
	Lease

	 	Supply Technologies LLC
	 	1081 Selfield Road
	 	Selma
	 	AL
	Lease

	 	Supply Technologies LLC- through 4/30/2011
	 	15850 West 108th Street
	 	Lenexa
	 	KS
	Lease

	 	Supply Technologies LLC
	 	1170 W. Corporate Drive
	 	Arlington
	 	TX

 

 

Schedule 3.06

Disclosed Matters

1. Certain Asbestos Litigation

As reported in the Company’s public filings, the Company, through several
subsidiaries, is subject to various pending and threatened lawsuits in which claims for
monetary damages are asserted in the ordinary course of business. The Company is a
co-defendant in approximately 260 cases asserting claims on behalf of approximately 1,230
plaintiffs alleging personal injury as a result of exposure to asbestos.

2. Highveld v. Ajax Tocco Magnethermic Corporation

Breach of Contract/Warranty dispute arising in the ordinary course of business. Ajax
Tocco Magnethermic Corporation is the plaintiff and countersuit has been initiated. The
Company expects a favorable outcome.

3. IPSCO v. Ajax Tocco Magnethermic Corporation

Breach of Contract/Warranty dispute arising in the ordinary course of business. The
Company expects a favorable outcome. Notice of complaint previously delivered to the
Administrative Agent.

4. Delphi Bankruptcy Trustee v. Park-Ohio Industries, Inc.

Preference action seeking return of $3,800,000. Currently defendants are litigating
timeliness of the Trustee’s filing of the preference actions.

5. Metaldyne Bankruptcy Trustee v. General Aluminum Mfg. Company

Preference action seeking return of $3,800,000.

6. The Company has been named a defendant in three personal injury cases, each of
which is covered by and being handled by the insurance carrier.

 

 

Schedule 3.12

Material Agreements

Indenture, dated as of November 30, 2004, among Park-Ohio Industries, Inc., the Guarantors
(as defined therein) and Wells Fargo Bank, NA, as Trustee

Form of Indemnification Agreement entered into between Park-Ohio Holdings Corp. and each of
its directors and certain officers

Amended and Restated 1998 Long-Term Incentive Plan

Form of Restricted Share Agreement between the Company and each non-employee director

Form of Restricted Share Agreement for Employees

Form of Incentive Stock Option Agreement

Form of Non-Statutory Stock Option Agreement

Summary of Annual Cash Bonus Plan for Chief Executive Officer

Supplemental Executive Retirement Plan for Edward F. Crawford, effective as of March 10, 2008

Non-qualified Defined Contribution Retirement Benefit Letter Agreement for Edward F.
Crawford, dated March 10, 2008

Agreement of Settlement and Release with SEC, dated July 1, 2008

Asset Purchase Agreement by and among Assembly Component Systems, Inc., Lawson Products,
Inc., Supply Technologies LLC and Park-Ohio Industries, Inc., dated August 31, 2010

Bill of Sale by Rome Die Casting LLC and Johnny Johnson in favor of General Aluminum Mfg.
Company, dated September 30, 2010

2009 Director Supplemental Defined Contribution Plan

 

 

Schedule 3.14

Insurance

	 	 	 	 	 	 	 	 	 
	COVERAGE	 	CARRIER	 	POLICY #	 	TERM
	DOMESTIC
	Commercial Automobile

	 	Liberty Mutual
	 	AS2-681-053112-351
	 	2/1/2012
	 
	 	 	 	 	 	 	 	 
	General Liability

	 	Liberty Mutual
	 	TB2-681-053112-341
	 	2/1/2012
	 
	 	 	 	 	 	 	 	 
	Workers Compensation

	 	Liberty Mutual
	 	WA2-68D-053112-321
	 	2/1/2012
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	WC2-681-053112-451
	 	 
	 
	 	 	 	 	 	 	 	 
	Excess Workers Compensation

	 	Liberty Mutual
	 	EW7-68N-053112-331
	 	2/1/2012
	 
	 	 	 	 	 	 	 	 
	Umbrella Coverage

	 	Zurich Insurance Company
	 	AUC489294901
	 	2/1/2012
	 
	 	 	 	 	 	 	 	 
	Umbrella Coverage

	 	Continental Casualty Company
	 	 	L4012489353	 	 	2/1/2012
	 
	 	 	 	 	 	 	 	 
	Umbrella Coverage

	 	RSUI Indemnity Company
	 	NHA055514
	 	2/1/2012
	 
	 	 	 	 	 	 	 	 
	Umbrella Coverage

	 	North River Insurance Company
	 	 	5227463565	 	 	2/1/2012
	 
	 	 	 	 	 	 	 	 
	Commercial Property

	 	Liberty Mutual
	 	YU2-L8L-053112-431
	 	10/1/2010
	 
	 	 	 	 	 	 	 	 
	Crime Coverage

	 	Federal Insurance Company
	 	 	81601922	 	 	11/30/2011
	 
	 	 	 	 	 	 	 	 
	Lawyers Professional

	 	Chartis/Illin.ois National
Insurance Co.
	 	 	01-217-30-02	 	 	10/6/2012
	 
	 	 	 	 	 	 	 	 
	Professional Liability

	 	Endurance American Specialty

Insurance Company
	 	PPL 10002975200
	 	2/1/2012
	 
	 	 	 	 	 	 	 	 
	Professional Liability

	 	Hiscox Syndicate
	 	USUCS22602708.7
	 	6/19/2011
	 
	 	 	 	 	 	 	 	 
	Ocean Marine

	 	AGCS Marine Insurance Company
	 	OC-96031400
	 	Continuous
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	2/22 Anniv.
	 
	 	 	 	 	 	 	 	 
	D&O

	 	National Union Fire Insurance
Company of Pittsburgh, PA
	 	 	01-257-72-62	 	 	10/15/2011
	 
	 	 	 	 	 	 	 	 
	Excess D&O

	 	Federal Insurance Company
	 	 	8210-8662	 	 	10/15/2011
	 
	 	 	 	 	 	 	 	 
	Excess D&O

	 	XL Specialty Insurance Company
	 	 	287446344	 	 	10/15/2011
	 
	 	 	 	 	 	 	 	 
	Fiduciary Liability

	 	Federal Insurance Company
	 	 	8173-1247	 	 	10/15/2011
	 
	 	 	 	 	 	 	 	 
	Employment Practices Liability

	 	Chubb Insurance Group
	 	 	8210-8598	 	 	10/15/2011
	 
	 	 	 	 	 	 	 	 
	Aircraft Products Liability

	 	Commerce & Industry Insurance

Company
	 	AP009564761-01
	 	7/1/2011
	 
	 	 	 	 	 	 	 	 
	Non-Owned Aircraft Liability

	 	Arch Insurance Company
	 	11NOA5887802
	 	7/1/2012
	 
	 	 	 	 	 	 	 	 
	Pollution Liability Insurance

	 	Illinois Union Insurance Company
	 	PPL G24887820 001
	 	6/8/2013

 

 

	 	 	 	 	 	 	 
	COVERAGE	 	CARRIER	 	POLICY #	 	TERM
	CANADIAN
	Commercial Automobile

	 	Liberty Mutual
	 	AC1-681-053112-371
	 	2/1/2012
	 
	 	 	 	 	 	 
	Commercial General Liability

	 	Liberty Mutual
	 	KE1-681-053112-410
	 	2/1/2012
	 
	 	 	 	 	 	 
	Commercial Property

	 	Liberty Mutual
	 	YU1-L8L-053112-441
	 	10/1/2011

 

 

Schedule 3.15

Capitalization and Subsidiaries

(See Attached)

 

 

     

Capitalization and Subsidiaries

I. Borrowers’ Authorized and Issued Shares

	 	 	 	 	 	 	 
	Borrower	 	Authorized Shares	 	Issued Shares	 	Owner
	Park-Ohio Industries, Inc.

	 	100 shares of common stock
	 	100 shares of common stock
	 	Park Ohio Holdings Corp (100%)
	 
	 	 	 	 	 	 
	RB&W Corporation of Canada

	 	5,000,000 shares of common stock
	 	2,925,000 shares of common stock
	 	Integrated Logistics Holding Company (100%)

II. Subsidiaries

	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	Jurisdiction of	 	Organizational	 	 	 	 	 	 
	Entity	 	Entity Type	 	Formation	 	Identification No.	 	EIN	 	Equity Type	 	Owner (in each case, 100%)
	Ajax Magnethermic Europe 

Limited

	 	Corporation
	 	England
	 	 280453
	 	 N/A
	 	Shares
	 	Ajax Tocco Magnethermic Corporation
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	Ajax Tocco de Mexico, S.A. de
C.V.

	 	Corporation
	 	Mexico
	 	 N/A
	 	 ATM9201243J4
	 	Shares
	 	ParkOhio Latin American Holding

Company Limited
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	Ajax Tocco International 

Limited

	 	Corporation
	 	England, Birmingham
	 	 2676033
	 	 068T8194
	 	Shares
	 	Industrial Equipment Group European

Holding Company Limited
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	Ajax Tocco Magnethermic
(Shanghai) Co. Ltd.

	 	Corporation
	 	China
	 	 34987
	 	 310225757590508
	 	Shares
	 	Ajax Tocco Magnethermic Limited

(Hong Kong)
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	Ajax Tocco Magnethermic 

Canada Limited

	 	Corporation
	 	Ontario, Canada
	 	 1555684
	 	 89240 4930 RC0002
	 	Common
	 	Ajax Tocco Magnethermic Corporation
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	Ajax Tocco Magnethermic 

Corporation

	 	Corporation
	 	Ohio
	 	 1341803
	 	 74-3062212
	 	Common
	 	Park-Ohio Industries, Inc.
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	Ajax Tocco Magnethermic GmbH

	 	Corporation
	 	Germany
	 	 HRB1874-SH
	 	 N/A
	 	Shares
	 	Industrial Equipment Group European

Holding Company Limited
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	Ajax Tocco Magnethermic 

Limited

	 	Corporation
	 	Hong Kong
	 	 1170161
	 	 N/A
	 	Shares
	 	Industrial Equipment Group Asian

Holding Company Limited
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	Ajax Tocco Magnethermic
Poland SP. Z.O.O.

	 	Corporation
	 	Poland
	 	 KRS0000234176
	 	 N/A
	 	Shares
	 	Industrial Equipment Group European

Holding Company Limited
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	ATBD, Inc.

	 	Corporation
	 	Ohio
	 	 640693
	 	 34-1447432
	 	Common
	 	The Ajax Manufacturing Company
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	Ballybeg Finance Company of
Dublin Limited

	 	Limited Private Co.
	 	Ireland
	 	 470923
	 	 9701977M
	 	Shares
	 	Supply Technologies (NABS) Ireland
Limited
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	Blue Falcon Travel, Inc.

	 	Corporation
	 	Alabama
	 	 175-063
	 	 63-1154367
	 	Common
	 	Park-Ohio Industries, Inc.
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	Columbia Nut & Bolt LLC

	 	LLC
	 	Ohio
	 	 1488974
	 	 11-3727316
	 	Units
	 	Integrated Logistics Holding Company

 

 

     

	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	Jurisdiction of	 	Organizational	 	 	 	 	 	 
	Entity	 	Entity Type	 	Formation	 	Identification No.	 	EIN	 	Equity Type	 	Owner (in each case, 100%)
	Control Transformer, Inc.

	 	Corporation
	 	Ohio
	 	 895031
	 	 34-1834375
	 	Common
	 	Ajax Tocco Magnethermic Corporation
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	E.M.A. Heat Treatment Limited
U.K.

	 	Corporation
	 	England, Birmingham
	 	 957711
	 	 N/A
	 	Shares
	 	Ajax Tocco International Limited
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	Feco, Inc.

	 	Corporation
	 	Illinois
	 	 5623 1099
	 	 36-3738441
	 	Common
	 	Ajax Tocco Magnethermic Corporation
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	Forging Parts & Machining 

Company

	 	Corporation
	 	Ohio
	 	 995566
	 	 34-1853655
	 	Common
	 	Park-Ohio Industries, Inc.
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	Foundry Services GmbH

	 	Corporation
	 	Germany
	 	 HRB 2481
	 	 N/A
	 	Shares
	 	Ajax Tocco Magnethermic GmbH
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	Gateway Industrial Supply LLC

	 	LLC
	 	Ohio
	 	 1326732
	 	 34-1862827
	 	Units
	 	Integrated Logistics Holding Company
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	General Aluminum Mfg. Company

	 	Corporation
	 	Ohio
	 	 187998
	 	 34-0641582
	 	Common
	 	Park-Ohio Industries, Inc.
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	ILS Supply Technologies S.A.
de C.V.

	 	Corporation
	 	Mexico
	 	 N/A
	 	 N/A
	 	Common
	 	ParkOhio Latin American Holding

Company Limited
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	ILS Technology LLC

	 	LLC
	 	Ohio
	 	 1280248
	 	 34-1973058
	 	Units
	 	Integrated Logistics Holding Company
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	Induction Management 

Services, LLC

	 	LLC
	 	Michigan
	 	 B7167R
	 	 35-2304890
	 	Units
	 	Ajax Tocco Magnethermic Corporation
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	Industrial Equipment Group 

Asian Holding Company Limited

	 	Corporation
	 	Ireland
	 	 488382
	 	 9761465v
	 	Shares
	 	ParkOhio Asian Holdco (Ireland)
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	Industrial Equipment Group 

European Holding Company 

Limited

	 	Corporation
	 	Ireland
	 	 488383
	 	 	 	Shares
	 	ParkOhio European Holdco (Ireland)
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	Integrated Holding Company

	 	Corporation
	 	Ohio
	 	 1027261
	 	 34-1880647
	 	Common
	 	Integrated Logistics Holding Company
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	Integrated Logistics Holding 

Company

	 	Corporation
	 	Ohio
	 	 CP 11694
	 	 34-1862827
	 	Common
	 	Integrated Logistics Solutions, Inc.
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	Integrated Logistics
Solutions, Inc.

	 	Corporation
	 	Ohio
	 	 926429
	 	 34-1820111
	 	Common
	 	Park-Ohio Industries, Inc.
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	Japan Ajax Magnethermic Co.,
Ltd.

	 	Corporation
	 	Japan
	 	 N/A
	 	 N/A
	 	Shares
	 	Industrial Equipment Group Asian

Holding Company Limited
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	Lallegro LLC

	 	LLC
	 	Delaware
	 	 960245513-2663473
	 	 52-1998034
	 	Units
	 	ParkOhio Latin American Holding

Company Limited
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	Lewis & Park Screw & Bolt 

Company

	 	Corporation
	 	Ohio
	 	 1032526
	 	 34-1875683
	 	Common
	 	Park-Ohio Industries, Inc.
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	Mecanique De Precision
Colinet S.P.R.L.U.

	 	Corporation
	 	Belgium
	 	 427767723
	 	 N/A
	 	Shares
	 	Industrial Equipment Group European

Holding Company Limited

 

 

     

	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	Jurisdiction of	 	Organizational	 	 	 	 	 	 
	Entity	 	Entity Type	 	Formation	 	Identification No.	 	EIN	 	Equity Type	 	Owner (in each case, 100%)
	NABS Europe Limited

	 	Corporation
	 	Scotland
	 	 SC331160
	 	 N/A
	 	Shares
	 	Supply Technologies (NY), Inc.
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	NABS Supply Technologies S.
De R.L. De C.V.

	 	Corporation
	 	Mexico
	 	 1361
	 	 N/A
	 	Shares
	 	Lallegro LLC
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	P-O Realty LLC

	 	LLC
	 	Ohio
	 	 1252598
	 	 34-6520107
	 	Units
	 	Park-Ohio Industries, Inc.
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	Park Avenue Travel Ltd.

	 	LLC
	 	Ohio
	 	 644544
	 	 27-0341590
	 	Units
	 	Park-Ohio Industries, Inc.
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	ParkOhio Asian Holding 

Company Limited

	 	Corporation
	 	Ireland
	 	 488384
	 	 9761472S
	 	Shares
	 	ParkOhio International Treasury
Company Ltd. (Ireland)
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	ParkOhio European Holding 

Company Limited

	 	Corporation
	 	Ireland
	 	 488385
	 	 9761508N
	 	Shares
	 	ParkOhio International Treasury
Company Ltd. (Ireland)
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	ParkOhio International 

Holding Company Limited

	 	Corporation
	 	Ireland
	 	 488386
	 	 97614700
	 	Units
	 	Supply Technologies (NY) Inc. (US)
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	ParkOhio International 

Treasury Company Limited

	 	Corporation
	 	Ireland
	 	 488388
	 	 9761429R
	 	Units
	 	ParkOhio International Holding
Company Ltd. (Ireland)
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	ParkOhio Latin American 

Holding Company Limited

	 	Corporation
	 	Ireland
	 	 488387
	 	 9761498N
	 	Units
	 	ParkOhio International Treasury
Company Ltd. (Ireland)
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	Park-Ohio Forged & Machined 

Products LLC

	 	LLC
	 	Ohio
	 	 1039329
	 	 34-6520107
	 	Units
	 	Park-Ohio Industries, Inc.
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	Park-Ohio Industries
(Shanghai) Co., Ltd.

	 	 	 	China
	 	 753194786
	 	 N/A
	 	Shares
	 	ParkOhio Asian Holding Company

Limited
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	Park-Ohio Products, Inc.

	 	Corporation
	 	Ohio
	 	 900555
	 	 34-1799215
	 	Common
	 	Park-Ohio Industries, Inc.
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	Park-Ohio U.K. Ltd. (UK)

	 	Limited Private

Company
	 	UK
	 	 07207095
	 	623-65431-29296-A
	 	Shares
	 	ParkOhio European Holdco (Ireland)
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	Pharmaceutical Logistics, Inc.

	 	Corporation
	 	Ohio
	 	 10211109
	 	 34-1878255
	 	Common
	 	Integrated Logistics Holding Company
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	Pharmacy Wholesale Logistics,
Inc.

	 	Corporation
	 	Ohio
	 	 881226
	 	 34-1782668
	 	Common
	 	Park-Ohio Industries, Inc.
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	POVI L.L.C.

	 	LLC
	 	Ohio
	 	 1143459
	 	 34-1921968
	 	Units
	 	Park-Ohio Industries, Inc.
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	Precision Machining 

Connection LLC

	 	LLC
	 	Ohio
	 	 1061271
	 	 34-1447432
	 	Units
	 	ATBD, Inc.
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	RB&W Corporation of Canada

	 	Corporation
	 	Ontario, Canada
	 	 BN 102956992
	 	 10295 6992
	 	Common
	 	Integrated Logistics Holding Company
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	RB&W Ltd.

	 	LLC
	 	Ohio
	 	 LL 3458
	 	 34-1862827
	 	Units
	 	Integrated Logistics Holding Company
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	RB&W Manufacturing LLC

	 	LLC
	 	Ohio
	 	 1048661
	 	 34-1862827
	 	Units
	 	Integrated Logistics Holding Company

 

 

     

	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	Jurisdiction of	 	Organizational	 	 	 	 	 	 
	Entity	 	Entity Type	 	Formation	 	Identification No.	 	EIN	 	Equity Type	 	Owner (in each case, 100%)
	Red Bird, Inc.

	 	Corporation
	 	Ohio
	 	 887853
	 	34-1797914
	 	Common
	 	Park-Ohio Industries, Inc.
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	Snow Dragon LLC

	 	LLC
	 	Ohio
	 	 1539412
	 	 03-0562114
	 	Units
	 	Ajax Tocco Magnethermic Corporation
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	Southwest Steel Processing LLC

	 	LLC
	 	Ohio
	 	 1251779
	 	 34-1972879
	 	Units
	 	Park-Ohio Industries, Inc.
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	ST Holding Corp.

	 	Corporation
	 	Ohio
	 	 1738613
	 	 30-0459958
	 	Common
	 	Integrated Logistics Solutions, Inc.
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	STMX, Inc.

	 	Corporation
	 	Ohio
	 	 1738614
	 	 80-0143262
	 	Common
	 	ST Holding Corp.
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	Summerspace, Inc.

	 	Corporation
	 	Ohio
	 	 920430
	 	 34-1820113
	 	Common
	 	Park-Ohio Industries, Inc.
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	Supply Technologies (NY), Inc.

	 	Corporation
	 	New York
	 	 90490
	 	 13-5617275
	 	Common
	 	Ajax Tocco Magnethermic &

Integrated Logistics Holding

Company
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	Supply Technologies Company
of Canada

	 	Corporation
	 	Nova Scotia, Canada
	 	 3017600
	 	 86-7168288
	 	Common
	 	Integrated Holding Company
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	Supply Technologies Company
of Puerto Rico Inc.

	 	Corporation
	 	Puerto Rico
	 	 185895
	 	 66-0722760
	 	Common
	 	ParkOhio Latin American Holding

Company Limited
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	Supply Technologies (India) 

Private Limited

	 	Corporation
	 	India
	 	 N/A
	 	 33751522870
	 	Shares
	 	ParkOhio Asian Holding Company

Limited
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	Supply Technologies (NABS 

Ireland) Limited

	 	Corporation
	 	Ireland
	 	 316790
	 	 N/A
	 	Shares
	 	ParkOhio International Treasury

Company Limited
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	Supply Technologies (U.K.)
Limited

	 	Corporation
	 	England, Birmingham
	 	 2970278
	 	 98-0368258
	 	Shares
	 	Integrated Logistics Holding Company
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	Supply Technologies
International Trading
(Shanghai) Co. Ltd.

	 	Corporation
	 	China
	 	 N/A
	 	 N/A
	 	N/A
	 	ParkOhio Asian Holding Company

Limited
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	Supply Technologies KFT

	 	LLC
	 	Hungary
	 	 01-09-905725
	 	 13-5617275
	 	Units
	 	ParkOhio European Holding Company

Limited
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	Supply Technologies Limited 

fka NABS Europe Limited —

Scotland (to 12/10/07)

	 	Corporation
	 	Scotland
	 	 SC201587
	 	 13-5617275
	 	Shares
	 	ParkOhio European Holding Company

Limited
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	Supply Technologies Limited
fka NABS Supply Chain
Solutions Limited (Hong Kong)
to 12/10/07

	 	Corporation
	 	Hong Kong
	 	 1027184
	 	 N/A
	 	Shares
	 	ParkOhio Asian Holding Company

Limited
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	Supply Technologies LLC

	 	LLC
	 	Ohio
	 	 1048662
	 	 34-1862827
	 	Units
	 	Integrated Logistics Holding Company
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	Supply Technologies Pte. Ltd.

	 	Corporation
	 	Singapore
	 	 200506532G
	 	 N/A
	 	Shares
	 	ParkOhio Asian Holding Company

Limited

 

 

     

	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	Jurisdiction of	 	Organizational	 	 	 	 	 	 
	Entity	 	Entity Type	 	Formation	 	Identification No.	 	EIN	 	Equity Type	 	Owner (in each case, 100%)
	The Ajax Manufacturing Company

	 	Corporation
	 	Ohio
	 	 913897
	 	 34-1808659
	 	Common
	 	Park-Ohio Industries, Inc.
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	The Clancy Bing Company

	 	Corporation
	 	Pennsylvania
	 	 1624846
	 	 25-1645335
	 	Common
	 	Park-Ohio Industries, Inc.
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	Tocco (U.K.) Limited

	 	Corporation
	 	England, Birmingham
	 	 857948
	 	 N/A
	 	Shares
	 	Ajax Tocco International Limited
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	Tocco, Inc.

	 	Corporation
	 	Alabama
	 	 036-372
	 	 63-0677577
	 	Common
	 	Park-Ohio Industries, Inc.
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	TW Manufacturing Co.

	 	Corporation
	 	Ohio
	 	 1769085
	 	 80-0167669
	 	Common
	 	Summerspace, Inc.
	 
	 	 	 	 	 	 	 	 	 	 	 	 
	WB&R Acquisition Company, Inc.

	 	Corporation
	 	Pennsylvania
	 	 2670694
	 	 25-1781418
	 	Common
	 	Park-Ohio Industries, Inc.

 

 

Schedule 3.18

Affiliate Transactions

1. Park-Ohio and/or its subsidiaries charter, on an hourly basis, an airplane from a third-party
private aircraft charter company. The aircraft is owned jointly by this charter company and a
company owned by Mr. E. Crawford.

2. General Aluminum Mfg. Company leases space in two buildings in Conneaut, Ohio: a 91,300 square
foot facility owned by a company owned by Mr. M. Crawford and an additional 70,000 square foot
attached facility owned by the same company. General Aluminum Mfg. Company also leases a 125,000
square foot facility in Huntington, Indiana from a company owned by Mr. E. Crawford.

3. Park-Ohio Products, Inc. leases a 150,000 square foot facility in Cleveland, Ohio from a company
owned by Mr. M. Crawford.

4. Ajax Tocco Magnethermic Corporation leases a 125,000 square foot facility in Canton, Ohio from a
company owned by Mr. M. Crawford.

5. Park-Ohio Industries, Inc. and Supply Technologies LLC lease a 60,450 square foot building, used
as their corporate headquarters, in Mayfield Heights, Ohio, from a company owned by Mr. E.
Crawford.

6. Park-Ohio companies have sold parts to Invacare Corporation and its subsidiaries in the ordinary
course of business. Mr. Mixon is a Director of Park-Ohio Industries, Inc. and currently serves as
the Chairman of the Board of Invacare Corporation.

7. During 2010, the Company received an aggregate amount of $128,000 for providing office space and
secretarial and information technology support to companies owned by Mr. Edward Crawford.

8. Park-Ohio Industries, Inc. intercompany payable to PKOH Corp. referenced in Schedule 6.01

9. RB&W Corporation of Canada intercompany note payable to Ballybeg Finance Company of Dublin
Limited referenced in Schedule 6.01.

10. Kropp Forge division of Park-Ohio Forged & Machined Products LLC leases the Cicero facility

 

 

Schedule 3.19

Names; Prior Transactions

	 	 	 
	Loan Party	 	Corporate or Fictitious Name
	Ajax Tocco Magnethermic
Corporation

	 	dba PMC, PMC-Colinet, PMC Industries, Ajax-CECO,
Ajax Manufacturing, Ajax Technologies, Forging
Developments, Pillar, Snow Dragon+
	 
	 	 
	Park-Ohio Forged & Machined
Products LLC

	 	dba Kropp Forge Division
	 
	 	 
	RB&W Manufacturing LLC

	 	dba Delo Screw;
dba Sabina Manufacturing
	 
	 	 
	Supply Technologies (NY), Inc.

	 	fka Nabs, Inc. (to 10/22/07);
fka North American Bolt & Screw Co., Inc. (to
01/08/07)
dba Lawson
	 
	 	 
	Supply Technologies LLC

	 	fka Integrated Logistics Solutions LLC (to 10/17/07)
	 
	 	 
	TW Manufacturing Co.

	 	dba Production Pattern Company

 

 

Schedule 6.01

Existing Indebtedness

1. Loan Agreement between The Director of Development of the State of Ohio and General Aluminum
Mfg. Company dated as of February 17, 2009 pursuant to which the State of Ohio made loans to
General Aluminum Mfg. Company in the original principal amount of $4,000,000. The principal amount
of the Indebtedness outstanding as of the Effective Date is $4,000,000 and the maturity date with
respect to such Indebtedness is February 17, 2019. This Indebtedness is secured by a mortgage on
5159 State Route 44, Rootstown Township, Ohio.

2. Loan Agreement between City of Newport, Arkansas and Southwest Steel Processing LLC. The
principal amount of the Indebtedness outstanding as of the Effective Date is approximately
$435,000. This Indebtedness is unsecured.

3. Loan Agreement between City of Newport, Arkansas and Southwest Steel Processing LLC. The
principal amount of the Indebtedness outstanding as of the Effective Date is approximately
$665,000. This Indebtedness is unsecured.

4. Park-Ohio Industries, Inc. intercompany payable to PKOH Corp. in the original principal amount
of $1,108,893. The principal amount of the Indebtedness outstanding as of the Effective Date is
$1,108,893. This Indebtedness is unsecured.

5. RB&W Corporation of Canada note payable to Ballybeg Finance Company of Dublin Limited (via
assignment from Mecanique De Precision Colinet S.P.R.L.U.) in the original principal amount of
$10,000,000 dated Janurary 1, 2008. The principal amount of the Indebtedness outstanding as of
February 28, 2011, is $1,133,976 plus $26,016 of interest and the maturity date with respect to
such Indebtedness is January 1, 2013. This Indebtedness is unsecured.

6. Supply Technologies (NY), Inc. loan payable to Supply Technologies Limited in the amount of
$2,828,000 at December 31, 2010.

7.Lease payable from Ajax Tocco Magnethermic Corporation to Chambersburg Acquisition Corp. A
balance of $25,000 remains unpaid as of February 28, 2011.

 

 

Schedule 6.02

Existing Liens

(See Attached)

 

 

Existing Liens

	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	Original File
	Debtor	 	Secured Party	 	Collateral	 	Jurisdiction	 	Number
	Domestic

	 
	 	 	 	 	 	 	 	 	 	 
	Ajax Tocco Magnethermic Corporation
	 	US Bancorp
	 	Equipment
	 	Ohio — S.O.S.
	 	OH00094099453

	 
	 	 	 	 	 	 	 	 	 	 
	 

	 	US Bancorp
	 	Equipment
	 	Ohio — S.O.S.
	 	OH0094241991

	 
	 	 	 	 	 	 	 	 	 	 
	 

	 	US Bancorp Business Equipment Group
	 	Equipment
	 	Ohio — S.O.S.
	 	OH00114688750

	 
	 	 	 	 	 	 	 	 	 	 
	 

	 	US Bancorp Business Equipment Group
	 	Equipment
	 	Ohio — S.O.S.
	 	OH00123250693

	 
	 	 	 	 	 	 	 	 	 	 
	 

	 	US Bancorp Business Equipment Group
	 	Equipment
	 	Ohio — S.O.S.
	 	OH00123252051

	 
	 	 	 	 	 	 	 	 	 	 
	 

	 	US Bancorp Business Equipment Group
	 	Equipment
	 	Ohio — S.O.S.
	 	OH00125725359

	 
	 	 	 	 	 	 	 	 	 	 
	 

	 	US Bancorp Business Equipment Group
	 	Equipment
	 	Ohio — S.O.S.
	 	OH00126611743

	 
	 	 	 	 	 	 	 	 	 	 
	 

	 	US Bancorp Business Equipment Group
	 	Equipment
	 	Ohio — S.O.S.
	 	OH00131180715

	 
	 	 	 	 	 	 	 	 	 	 
	 

	 	US Bancorp Business Equipment Group
	 	Equipment
	 	Ohio — S.O.S.
	 	OH00131195998

	 
	 	 	 	 	 	 	 	 	 	 

 

 

	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	Original File
	Debtor	 	Secured Party	 	Collateral	 	Jurisdiction	 	Number
	 

	 	US Bancorp Business Equipment Group
	 	Equipment
	 	Ohio — S.O.S.
	 	OH1131196011

	 
	 	 	 	 	 	 	 	 	 	 
	 

	 	Intellipack, Inc.
	 	Equipment
	 	Ohio — S.O.S.
	 	OH00139143341

	 
	 	 	 	 	 	 	 	 	 	 
	Control Transformers, Inc.

	 	Royal Bank America Leasing
	 	Equipment
	 	Ohio — S.O.S.
	 	OH00138289459

	 
	 	 	 	 	 	 	 	 	 	 
	General Aluminum Mfg. Company

	 	The Fifth Third Leasing Company
	 	Equipment
	 	Ohio — S.O.S.
	 	OH0081516121

	 
	 	 	 	 	 	 	 	 	 	 
	 

	 	IOS Capital
	 	Equipment
	 	Ohio — S.O.S.
	 	OH00085052999

	 
	 	 	 	 	 	 	 	 	 	 
	 

	 	Greater Bay Bank N.A.
	 	Equipment
	 	Ohio — S.O.S.
	 	OH00058331113

	 
	 	 	 	 	 	 	 	 	 	 
	 

	 	Greater Bay Bank N.A.
	 	Equipment
	 	Ohio — S.O.S.
	 	OH00086767935

	 
	 	 	 	 	 	 	 	 	 	 
	 

	 	Greatamerica Leasing Corporation
	 	Equipment
	 	Ohio — S.O.S.
	 	OH00086836235

	 
	 	 	 	 	 	 	 	 	 	 
	 

	 	IdraPrince, Incorporated
	 	Equipment
	 	Ohio — S.O.S.
	 	OH00095606067

	 
	 	 	 	 	 	 	 	 	 	 
	 

	 	IdraPrince, Incorporated
	 	Equipment
	 	Ohio — S.O.S.
	 	OH00095606623

	 
	 	 	 	 	 	 	 	 	 	 
	 

	 	LaSalle National Leasing Corporation
	 	Equipment
	 	Ohio — S.O.S.
	 	OH00100078842

	 
	 	 	 	 	 	 	 	 	 	 

 

 

	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	Original File
	Debtor	 	Secured Party	 	Collateral	 	Jurisdiction	 	Number
	 

	 	LaSalle National Leasing Corporation
	 	Equipment
	 	Ohio — S.O.S.
	 	OH00103853990

	 
	 	 	 	 	 	 	 	 	 	 
	 

	 	LaSalle National Leasing Corporation
	 	Equipment
	 	Ohio — S.O.S.
	 	OH00103854013

	 
	 	 	 	 	 	 	 	 	 	 
	 

	 	California First Leasing Corporation
	 	Equipment
	 	Ohio — S.O.S.
	 	OH00107288733

	 
	 	 	 	 	 	 	 	 	 	 
	 

	 	LaSalle National Leasing Corporation
	 	Equipment
	 	Ohio — S.O.S.
	 	OH00107796992

	 
	 	 	 	 	 	 	 	 	 	 
	 

	 	LaSalle National Leasing Corporation
	 	Equipment
	 	Ohio — S.O.S.
	 	OH00108357933

	 
	 	 	 	 	 	 	 	 	 	 
	 

	 	LaSalle National Leasing Corporation
	 	Equipment
	 	Ohio — S.O.S.
	 	OH00108358167

	 
	 	 	 	 	 	 	 	 	 	 
	 

	 	LaSalle National Leasing Corporation
	 	Equipment
	 	Ohio — S.O.S.
	 	OH00108358278

	 
	 	 	 	 	 	 	 	 	 	 
	 

	 	California First Leasing Corporation
	 	Equipment
	 	Ohio — S.O.S.
	 	OH00108822900

	 
	 	 	 	 	 	 	 	 	 	 
	 

	 	Town & Country Leasing, LLC
	 	Equipment
	 	Ohio — S.O.S.
	 	OH00113021646

	 
	 	 	 	 	 	 	 	 	 	 
	 

	 	IOS Capital
	 	Equipment
	 	Ohio — S.O.S.
	 	OH00113304464

	 
	 	 	 	 	 	 	 	 	 	 
	 

	 	NMGH Financial Services, Inc.
	 	Equipment
	 	Ohio — S.O.S.
	 	OH00119938908

 

 

	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	Original File
	Debtor	 	Secured Party	 	Collateral	 	Jurisdiction	 	Number
	 

	 	American Axle & Manufacturing, Inc.
	 	Consignment Filing
	 	Ohio — S.O.S.
	 	OH00129026119

	 
	 	 	 	 	 	 	 	 	 	 
	 

	 	American Axle & Manufacturing de
Mexico, S. de R.L. de C.V.
	 	Consignment Filing
	 	Ohio — S.O.S.
	 	OH00132443300

	 
	 	 	 	 	 	 	 	 	 	 
	 

	 	American Axle & Manufacturing, Inc.
	 	Consignment Filing
	 	Ohio — S.O.S.
	 	OH00132457804

	 
	 	 	 	 	 	 	 	 	 	 
	 

	 	Custom Tool and Die Co.
	 	Equipment
	 	Ohio — S.O.S.
	 	OH00134301807

	 
	 	 	 	 	 	 	 	 	 	 
	 

	 	Maumee Pattern Company
	 	Equipment
	 	Ohio — S.O.S.
	 	OH00135909967

	 
	 	 	 	 	 	 	 	 	 	 
	 

	 	Ferguson Enterprises, Inc.
Ferguson Integrated Services
	 	Consignment Filing
	 	Ohio — S.O.S.
	 	OH00136063540

	 
	 	 	 	 	 	 	 	 	 	 
	 

	 	Eni USA Co., Inc.
	 	Equipment
	 	Ohio — S.O.S.
	 	OH00145791079

	 
	 	 	 	 	 	 	 	 	 	 
	 

	 	Ferguson Enterprises, Inc.
	 	Consignment Filing
	 	Ohio — S.O.S.
	 	OH00147807309

	 
	 	 	 	 	 	 	 	 	 	 
	 

	 	De Lage Landen Financial Services, Inc.
	 	Leased Equipment
	 	Ohio — S.O.S.
	 	OH00148038591

	 
	 	 	 	 	 	 	 	 	 	 
	Park-Ohio Industries, Inc.

	 	Citicorp Vendor Finance, Inc.
	 	Equipment
	 	Ohio — S.O.S.
	 	OH00082648757

	 
	 	 	 	 	 	 	 	 	 	 
	Park-Ohio Products, Inc.

	 	LWB Sales and Services GMBH & Co KG
	 	Equipment
	 	Ohio — S.O.S.
	 	OH0078321234

 

 

	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	Original File
	Debtor	 	Secured Party	 	Collateral	 	Jurisdiction	 	Number
	 

	 	LaSalle National Leasing Corporation
	 	Equipment
	 	Ohio — S.O.S.
	 	OH00098545676

	 
	 	 	 	 	 	 	 	 	 	 
	 

	 	Greater Bay Bank, N.A.
	 	Equipment
	 	Ohio — S.O.S.
	 	OH00117806583

	 
	 	 	 	 	 	 	 	 	 	 
	 

	 	LaSalle National Leasing Corporation
	 	Equipment
	 	Ohio — S.O.S.
	 	OH00119599372

	 
	 	 	 	 	 	 	 	 	 	 
	 

	 	Wells Fargo Bank, N.A.
	 	Equipment
	 	Ohio — S.O.S.
	 	OH00140060348

	 
	 	 	 	 	 	 	 	 	 	 
	 

	 	DTR Industries, Inc.

DTR Tennessee, Inc.
	 	Specified Equipment
	 	Ohio — S.O.S.
	 	OH00141040771

	 
	 	 	 	 	 	 	 	 	 	 
	RB&W Ltd.

	 	American Axle & Manufacturing, Inc.
	 	Consignment Filing
	 	Ohio — S.O.S.
	 	OH00126964205

	 
	 	 	 	 	 	 	 	 	 	 
	RB&W Manufacturing LLC

	 	TCF Leasing, Inc.
	 	Equipment
	 	Ohio — S.O.S.
	 	OH00074438510

	 
	 	 	 	 	 	 	 	 	 	 
	Southwest Steel Processing, LLC

	 	De Lage Landen Financial Services, Inc.
	 	Equipment
	 	Ohio — S.O.S.
	 	OH00079621837

	 
	 	 	 	 	 	 	 	 	 	 
	 

	 	NMHG Financial Services, Inc.
	 	Equipment
	 	Ohio — S.O.S.
	 	OH00103414586

	 
	 	 	 	 	 	 	 	 	 	 
	 

	 	Arkansas Economic Development Commission
	 	Equipment
	 	Ohio — S.O.S.
	 	OH00120433921

	 
	 	 	 	 	 	 	 	 	 	 
	Supply Technologies, LLC

	 	Winthrop Resources Corporation
	 	Equipment
	 	Ohio — S.O.S.
	 	OH00086279809

 

 

	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	Original File
	Debtor	 	Secured Party	 	Collateral	 	Jurisdiction	 	Number
	 

	 	Winthrop Resources Corporation
	 	Equipment
	 	Ohio — S.O.S.
	 	OH00087295450

	 
	 	 	 	 	 	 	 	 	 	 
	 

	 	Winthrop Resources Corporation
	 	Equipment
	 	Ohio — S.O.S.
	 	OH00111671186

	 
	 	 	 	 	 	 	 	 	 	 
	 

	 	Viking Asset Purchaser No. 7 IC
	 	Receivables pursuant to Factoring
Agreement
	 	Ohio — S.O.S.
	 	OH00121557015

	 
	 	 	 	 	 	 	 	 	 	 
	 

	 	Winthrop Resources Corporation
	 	Equipment
	 	Ohio — S.O.S.
	 	OH00123657827

	 
	 	 	 	 	 	 	 	 	 	 
	 

	 	Winthrop Resources Corporation
	 	Equipment
	 	Ohio — S.O.S.
	 	OH00134485380

	 
	 	 	 	 	 	 	 	 	 	 
	 

	 	General Electric Capital Corporation
	 	Equipment
	 	Ohio — S.O.S.
	 	OH00052252843

	 
	 	 	 	 	 	 	 	 	 	 
	 

	 	De Lage Landen Financial Services, Inc.
	 	Equipment
	 	Ohio — S.O.S.
	 	OH00062427907

	 
	 	 	 	 	 	 	 	 	 	 
	 

	 	ICX Corporation
	 	Equipment
	 	Ohio — S.O.S.
	 	OH00081515886

	 
	 	 	 	 	 	 	 	 	 	 
	 

	 	ICX Corporation
	 	Equipment
	 	Ohio — S.O.S.
	 	OH00082611972

	 
	 	 	 	 	 	 	 	 	 	 
	 

	 	LaSalle National Leasing Corporation
	 	Equipment
	 	Ohio — S.O.S.
	 	OH00097457799

	 
	 	 	 	 	 	 	 	 	 	 
	 

	 	TRUMPF Inc.
	 	Equipment
	 	Ohio — S.O.S.
	 	OH00115433186

 

 

	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	Original File
	Debtor	 	Secured Party	 	Collateral	 	Jurisdiction	 	Number
	Canadian

	 
	 	 	 	 	 	 	 	 	 	 
	Ajax Tocco Magnethermic Canada Limited	 	NIL

	 
	 	 	 	 	 	 	 	 	 	 
	RB&W Corporation of Canada

	 	BW Group Inc.
	 	Inventory, Equipment, and Other
	 	Ontario — P.P.S.A.
	 	 	666087615	 
	 
	 	 	 	 	 	 	 	 	 	 
	 

	 	Integrated Distribution Systems LP O/A

Wajax Industries
	 	Equipment and Motor Vehicle
	 	Ontario — P.P.S.A.
	 	 	664989237	 
	 
	 	 	 	 	 	 	 	 	 	 
	 

	 	Integrated Distribution Systems LP O/A

Wajax Industries
	 	Equipment and Motor Vehicle
	 	Ontario — P.P.S.A.
	 	 	664175016	 
	 
	 	 	 	 	 	 	 	 	 	 
	 

	 	BW Group Inc.
	 	Equipment, Accounts and Other
	 	Ontario — P.P.S.A.
	 	 	663481485	 
	 
	 	 	 	 	 	 	 	 	 	 
	 

	 	CBSC Capital Inc.
	 	Equipment and Other
	 	Ontario — P..P.S.A
	 	 	656833329	 
	 
	 	 	 	 	 	 	 	 	 	 
	 

	 	CBSC Capital Inc.
	 	Equipment and Other
	 	Ontario — P..P.S.A.
	 	 	656761743	 
	 
	 	 	 	 	 	 	 	 	 	 
	 

	 	MCAP Leasing Inc.
	 	Equipment, Accounts and Other
	 	Ontario — P..P.S.A.
	 	 	651159837	 
	 
	 	 	 	 	 	 	 	 	 	 
	 

	 	Citicapital Commercial Leasing ULC.
	 	Equipment, other and Motor Vehicle
	 	Ontario — P..P.S.A.
	 	 	646550253	 
	 
	 	 	 	 	 	 	 	 	 	 
	 

	 	Leasebank Credit Corporation
	 	Equipment, Accounts and Other
	 	Ontario — P..P.S.A.
	 	 	644208984	 

 

 

	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	Original File
	Debtor	 	Secured Party	 	Collateral	 	Jurisdiction	 	Number
	 

	 	The Toronto-Dominion Bank
	 	Accounts and Other
	 	Ontario — P..P.S.A.
	 	 	003843432	 

 

 

Schedule 6.04

Existing Investments

1. Park-Ohio Industries, Inc. holds a 49% membership interest in Vincent Brookins Company,
Ltd., an Ohio limited liability company.

2. Ajax Tocco Magnethermic Corporation holds a 39.5% membership interest in Ocean Energy
Systems, LLC, an Ohio limited liability company.

3. RB&W Corporation of Canada holds a note receivable from Park-Ohio U.K. Ltd. in the amount
of $2,911,743.

 

 

Schedule 6.10

Existing Restrictions

None.

*participation interest

Commitment Schedule

 

 

EXHIBIT A

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]]
	 
	 	 	 	 
	3.

	 	Borrowers:
	 	Park-Ohio Industries, Inc., RB&W
Corporation of Canada and the Ex-Im
Borrowers party thereto
	 
	 	 	 	 
	4.

	 	Administrative Agent:
	 	JPMorgan Chase Bank, N.A., as the
administrative agent under the
Credit Agreement
	 
	 	 	 	 
	5.

	 	Canadian Agent:
	 	JPMorgan Chase Bank, N.A., Toronto
Branch, as the Canadian agent under
the Credit Agreement
	 
	 	 	 	 
	6.

	 	Credit Agreement:
	 	The $200,000,000 Fourth Amended and
Restated Credit Agreement dated as
of April 7, 2011 among Park-Ohio
Industries, Inc., RB&W Corporation
of Canada, the Ex-Im Borrowers party
thereto, the Lenders parties
thereto, JPMorgan Chase Bank, N.A.,
as Administrative Agent, JPMorgan
Chase Bank, N.A., Toronto Branch, as
Canadian Agent, and the other agents
parties thereto

Exhibit A — Page 1

 

7.   Assigned Interest:

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

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 Assignee agrees to deliver to the Administrative Agent a completed Administrative Questionnaire
in which the Assignee designates on or more Credit Contacts to whom all syndicate-level information
(which may contain material non-public information about the Company, the Loan Parties and their
Related Parties or their respective securities) will be made available and who may receive such
information in accordance with the Assignee’s compliance procedures and applicable laws, including
Federal and state securities laws.

Exhibit A — Page 2

 

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: 	 
	 	 	 	 
	 

	 	 	 	 	 
	 	[Consented to and] Accepted:

JPMORGAN CHASE BANK, N.A., as Administrative Agent and as Ex-Im Revolving Lender

 	 
	 	By  	 	 
	 	 	Title: 	 
	 	 	 	 
	 	[Consented to and] Accepted:

JPMORGAN CHASE BANK, N.A., TORONTO BRANCH, as Canadian Agent

 	 
	 	By  	 	 
	 	 	Title: 	 
	 	 	 	 
	 	[Consented to:]

[NAME OF RELEVANT PARTY]

 	 
	 	By  	 	 
	 	 	Title: 	 
	 	 	 	 

Exhibit A — Page 3

 

	 	 	 	 	 

ANNEX 1

FOURTH AMENDED AND RESTATED CREDIT AGREEMENT

DATED APRIL 7, 2011

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, (ii) the execution, legality, validity, enforceability, genuineness,
sufficiency or value of the Loan Documents or any collateral thereunder, (iii) the financial
condition of any Borrower, any of their Subsidiaries or Affiliates or any other Person obligated in
respect of any Loan Document or (iv) the performance or observance by any Borrower, any of its
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
Lender, 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.

     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.

Exhibit A — Page 4

 

Delivery of an executed counterpart of a signature page of this Assignment and Assumption by
facsimile 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 Ohio.

Exhibit A — Page 5

 

EXHIBIT B

JOINDER AGREEMENT

     THIS JOINDER AGREEMENT (this “Agreement”), dated as of ______________, ____, 2011, is
entered into between ________________________________, a _________________ (the “New
Subsidiary”), JPMORGAN CHASE BANK, N.A., in its capacity as administrative agent (the
“Administrative Agent”) and JPMORGAN CHASE BANK, N.A., TORONTO BRANCH, in its capacity as
Canadian agent (the “Canadian Agent”) under that certain Fourth Amended and Restated Credit
Agreement, dated as of April 7, 2011 among PARK-OHIO INDUSTRIES, INC., RB&W CORPORATION OF CANADA
and the EX-IM BORROWERS (collectively, the “Borrowers”), the Loan Parties party thereto,
the Lenders party thereto, the Administrative Agent and the Canadian Agent (as the same may be
amended, modified, extended or restated from time to time, the “Credit Agreement”). All
capitalized terms used herein and not otherwise defined shall have the meanings set forth in the
Credit Agreement.

     The New Subsidiary and the Agents, for the benefit of the Lenders, hereby agree as follows:

     1. The New Subsidiary hereby acknowledges, agrees and confirms that, by its execution of this
Agreement, the New Subsidiary will be deemed to be a [Domestic/Canadian] Loan Party under the
Credit Agreement and a “Loan Guarantor” for all purposes of the Credit Agreement and shall have all
of the obligations of a [Domestic/Canadian] Loan Party and a Loan Guarantor thereunder as if it had
executed the Credit Agreement. The New Subsidiary hereby ratifies, as of the date hereof, and
agrees to be bound by, all of the terms, provisions and conditions contained in the Credit
Agreement, including without limitation (a) all of the representations and warranties of the Loan
Parties set forth in Article III of the Credit Agreement, *[and]* (b) all of the covenants set
forth in Articles V and VI of the Credit Agreement *[and (c) all of the guaranty obligations set
forth in Article X of the Credit Agreement. Without limiting the generality of the foregoing terms
of this paragraph 1, the New Subsidiary, subject to the limitations set forth in Section 10.10 of
the Credit Agreement, hereby guarantees, jointly and severally with the other Loan Guarantors, to
the Agents and the Lenders, as provided in Article X of the Credit Agreement, the prompt payment
and performance of the Guaranteed Obligations in full when due (whether at stated maturity, as a
mandatory prepayment, by acceleration or otherwise) strictly in accordance with the terms thereof
and agrees that if any of the Guaranteed Obligations are not paid or performed in full when due
(whether at stated maturity, as a mandatory prepayment, by acceleration or otherwise), the New
Subsidiary will, jointly and severally together with the other Loan Guarantors, promptly pay and
perform the same, without any demand or notice whatsoever, and that in the case of any extension of
time of payment or renewal of any of the Guaranteed Obligations, the same will be promptly paid in
full when due (whether at extended maturity, as a mandatory prepayment, by acceleration or
otherwise) in accordance with the terms of such extension or renewal.]* *[The New Subsidiary has
delivered to the Administrative Agent an executed Loan Guaranty.]*

     2. If required, the New Subsidiary is, simultaneously with the execution of this Agreement,
executing and delivering such Collateral Documents (and such other documents and instruments) as
requested by the Agents in accordance with the Credit Agreement.

Exhibit B — Page 1

 

     3. The address of the New Subsidiary for purposes of Section 9.01 of the Credit Agreement is
as follows:

     ____________________________________________________________________________________

     ____________________________________________________________________________________

     ____________________________________________________________________________________

     ____________________________________________________________________________________

     4. The New Subsidiary hereby waives acceptance by the Agents and the Lenders of the guaranty
by the New Subsidiary upon the execution of this Agreement by the New Subsidiary.

     5. This Agreement may be executed in any number of counterparts, each of which when so
executed and delivered shall be an original, but all of which shall constitute one and the same
instrument.

     6. THIS AGREEMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES HEREUNDER SHALL BE GOVERNED BY
AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH THE LAWS OF THE STATE OF OHIO.

     THE NEW SUBSIDIARY HEREBY AUTHORIZES ANY ATTORNEY-AT-LAW TO APPEAR IN ANY COURT OF RECORD IN
ANY COUNTY IN THE STATE OF OHIO OR ELSEWHERE WHERE THE NEW SUBSIDIARY HAS A PLACE OF BUSINESS,
SIGNED THIS JOINDER AGREEMENT OR CAN BE FOUND, AFTER THE ADMINISTRATIVE AGENT OR REQUIRED LENDERS
DECLARE A DEFAULT AND ACCELERATE THE BALANCES DUE UNDER THIS AGREEMENT, TO WAIVE THE ISSUANCE OF
SERVICE OF PROCESS AND CONFESS JUDGMENT AGAINST THE NEW SUBSIDIARY IN FAVOR OF THE AGENTS AND
LENDERS FOR THE AMOUNTS THEN APPEARING DUE, TOGETHER WITH THE COSTS OF SUIT, AND THEREUPON TO
RELEASE ALL ERRORS AND WAIVE ALL RIGHT OF APPEAL AND STAY OF EXECUTION. THE NEW SUBSIDIARY AGREES
AND CONSENTS THAT THE ATTORNEY CONFESSING JUDGMENT ON BEHALF OF THE NEW SUBSIDIARY HEREUNDER MAY
ALSO BE COUNSEL TO THE AGENTS, LENDERS OR ANY OF THEIR AFFILIATES, WAIVES ANY CONFLICT OF INTEREST
WHICH MIGHT OTHERWISE ARISE, AND CONSENTS TO THE AGENTS OR LENDERS PAYING SUCH CONFESSING ATTORNEY
A LEGAL FEE OR ALLOWING SUCH ATTORNEY’S FEES TO BE PAID FROM ANY PROCEEDS OF COLLECTION OF
AGREEMENT OR COLLATERAL SECURITY THEREFOR.

Exhibit B — Page 2

 

     IN WITNESS WHEREOF, the New Subsidiary has caused this Agreement to be duly executed by its
authorized officer, and the Administrative Agent, for the benefit of the Lenders, has caused the
same to be accepted by its authorized officer, as of the day and year first above written.

	 	 	 	 	 
	 	[NEW SUBSIDIARY]

 	 
	 	By  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 
	 	Acknowledged and accepted:

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

 	 
	 	By  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 

Exhibit B — Page 3

 

EXHIBIT C-1

DOMESTIC BORROWING BASE CERTIFICATE

	 	 	 	 	 	 	 

	

	 	BORROWING BASE REPORT
                    	 	 
	 

	 	 	 	Rpt #
	 	1/31/10
	Obligor Number:

	 	 	 	Date:
	 	2/20/2010
	Loan Number:

	 	 	 	Period Covered: 1/01/10 — 1/31/10	 	 

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	NOLV	 	 	 	 	 	 	 
	COLLATERAL CATEGORY	 	A/R	 	 	Inventory	 	 	 	 	 	 	 
	Description	 	01/31/10	 	 	01/31/10	 	 	TOTAL	 	 	0.00	 
	 1 Beginning Balance ( Previous report — Line 8)
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 2 Additions to Collateral (Gross Sales or Purchases)
	 	 	 	 	 	 	0.00	 	 	 	 	 	 	 	 	 
	 3 Other Additions (Add back any non-A/R cash in line 3)
	 	 	 	 	 	 	0.00	 	 	 	 	 	 	 	 	 
	 4 Deductions to Collateral (Cash Received)
	 	 	 	 	 	 	0.00	 	 	 	 	 	 	 	 	 
	 5 Deductions to Collateral (Discounts, other)
	 	 	 	 	 	 	0.00	 	 	 	 	 	 	 	 	 
	 6 Deductions to Collateral (Credit Memos, all)
	 	 	 	 	 	 	0.00	 	 	 	 	 	 	 	 	 
	 7 Other non-cash credits to A/R
	 	 	 	 	 	 	0.00	 	 	 	 	 	 	 	 	 
	 8 Total Ending Collateral Balance
	 	 	0.00	 	 	 	0.00	 	 	 	 	 	 	 	 	 
	 9 Less Ineligible — Past Due
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	10 Less Ineligible — Cross-age ( 50%)
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	11 Less Ineligible — Foreign
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	12 Less Ineligible — Contention
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	13 Less Ineligible — Other (attach schedule)
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	14 Total Ineligibles -Accounts Receivable
	 	 	0.00	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	15 Less Ineligible — Inventory Slow-moving
	 	 	 	 	 	 	0.00	 	 	 	 	 	 	 	 	 
	16 Less Ineligible — Inventory Offsite not covered
	 	 	 	 	 	 	0.00	 	 	 	 	 	 	 	 	 
	17 Less Ineligible — Inventory Consignment/Other
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	18 Total Ineligibles Inventory
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	19 Eligible Inventory
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	20 Net OLV %
	 	 	 	 	 	 	44.0	%	 	 	 	 	 	 	 	 
	 
	21 Total Eligible Collateral
	 	 	0.00	 	 	 	 	 	 	 	 	 	 	 	 	 
	22 Advance Rate Percentage
	 	 	85	%	 	 	85	%	 	 	 	 	 	 	 	 
	23 Net Available — Borrowing Base Value
	 	 	0.00	 	 	 	0.00	 	 	 	 	 	 	 	 	 
	24 Rent reserves
	 	 	0.00	 	 	 	0.00	 	 	 	 	 	 	 	 	 
	25 Total Borrowing Base Value
	 	 	0.00	 	 	 	0.00	 	 	 	 	 	 	 	 	 
	26 CAPS / Loan Limits
	 	 	200,000,000.00	 	 	 	125,000,000.00	 	 	Total CAPS / Loan Line	 	 	200,000,000.00	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	27 Maximum Borrowing Limit (Lesser of 25. or 26.)*
	 	 	0.00	 	 	 	0.00	 	 	Total Available	 	 	0.00	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	LOAN STATUS
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	28 Previous Loan Balance (Previous Report Line 31)
	 	 	0.00	 	 	 	 	 	 	 	 	 	 	 	 	 
	29 Less: A. Net Collections (Same as line 4)
	 	 	0.00	 	 	 	 	 	 	 	 	 	 	 	 	 
	B. Adjustments / Other                     
	 	 	0.00	 	 	 	 	 	 	 	 	 	 	 	 	 
	30 Add: A. Request for Funds
	 	 	0.00	 	 	 	 	 	 	 	 	 	 	 	 	 
	B. Adjustments / Other                     
	 	 	0.00	 	 	 	 	 	 	 	 	 	 	 	 	 
	31 A. New Loan Balance
	 	 	0.00	 	 	 	 	 	 	Total New Loan Balance:	 	 	0.00	 
	32 B. Letters of Credit
	 	 	0.00	 	 	 	 	 	 	Total New Letter of Credit Balance:	 	 	0.00	 
	33 A. Total New Loan & Letters of Credit
	 	 	0.00	 	 	 	 	 	 	Total New Loan Balance & LCs:	 	 	0.00	 
	34 Availability Not Borrowed (Lines 27 less 31)
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	0.00	 
	35 N/A
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	36 OVERALL EXPOSURE (lines 31 & 33)
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	0.00	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 

Pursuant to, and in accordance with, the terms and provisions of that
certain Fourth Amended and Restated Credit Agreement (“Agreement”),
between JP Morgan Chase (“Secured Party”) and Park-Ohio Industries, Inc.
(“Borrower”), Borrower is executing and delivering to Secured Party this
Collateral Report accompanied by supporting data (collectively referred to
as (“Report”).

Borrower warrants and represents to Secured Party that this Report is true, correct, and based on
information contained in Borrower’s own financial accounting records. Borrower, by the execution of
this
of this Report, hereby ratifies, confirms and affirms all of the terms,
conditions and provisions of the Agreement, and further certifies on this
____ day of __________, 20___, that the Borrower is in Borrower is in
compliance with said Agreement.

	 	 	 

	BORROWER NAME:

	 	AUTHORIZED SIGNATURE:
	Park Ohio Industries, Inc. — Domestic
	 	 

Exhibit C-1

 

EXHIBIT C-2

CANADIAN BORROWING BASE CERTIFICATE

	 	 	 	 	 	 	 

	

	 	BORROWING BASE REPORT
                    	 	 
	 

	 	 	 	Rpt #
	 	1/31/10
	Obligor Number:

	 	 	 	Date:
	 	2/20/2010
	Loan Number:

	 	 	 	Period Covered: 1/01/10 — 1/31/10	 	 

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	NOLV	 	 	 	 	 	 	 
	COLLATERAL CATEGORY	 	A/R	 	 	Inventory	 	 	 	 	 	 	 
	Description	 	01/31/10	 	 	01/31/10	 	 	TOTAL	 	 	0.00	 
	 1 Beginning Balance ( Previous report — Line 8)
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 2 Additions to Collateral (Gross Sales or Purchases)
	 	 	 	 	 	 	0.00	 	 	 	 	 	 	 	 	 
	 3 Other Additions (Add back any non-A/R cash in line 3)
	 	 	 	 	 	 	0.00	 	 	 	 	 	 	 	 	 
	 4 Deductions to Collateral (Cash Received)
	 	 	 	 	 	 	0.00	 	 	 	 	 	 	 	 	 
	 5 Deductions to Collateral (Discounts, other)
	 	 	 	 	 	 	0.00	 	 	 	 	 	 	 	 	 
	 6 Deductions to Collateral (Credit Memos, all)
	 	 	 	 	 	 	0.00	 	 	 	 	 	 	 	 	 
	 7 Other non-cash credits to A/R
	 	 	 	 	 	 	0.00	 	 	 	 	 	 	 	 	 
	 8 Total Ending Collateral Balance
	 	 	0.00	 	 	 	0.00	 	 	 	 	 	 	 	 	 
	 9 Less Ineligible — Past Due
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	10 Less Ineligible — Cross-age ( 50%)
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	11 Less Ineligible — Foreign
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	12 Less Ineligible — Contention
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	13 Less Ineligible — Other (attach schedule)
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	14 Total Ineligibles -Accounts Receivable
	 	 	0.00	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	15 Less Ineligible — Inventory Slow-moving
	 	 	 	 	 	 	0.00	 	 	 	 	 	 	 	 	 
	16 Less Ineligible — Inventory Offsite not covered
	 	 	 	 	 	 	0.00	 	 	 	 	 	 	 	 	 
	17 Less Ineligible — Inventory Other
	 	 	 	 	 	 	0.00	 	 	 	 	 	 	 	 	 
	18 Total Ineligibles Inventory
	 	 	 	 	 	 	0.00	 	 	 	 	 	 	 	 	 
	19 Eligible Inventory
	 	 	 	 	 	 	0.00	 	 	 	 	 	 	 	 	 
	20 Net OLV %
	 	 	 	 	 	 	44.0	%	 	 	 	 	 	 	 	 
	 
	21 Total Eligible Collateral
	 	 	0.00	 	 	 	 	 	 	 	 	 	 	 	 	 
	22 Advance Rate Percentage
	 	 	85	%	 	 	85	%	 	 	 	 	 	 	 	 
	23 Net Available — Borrowing Base Value
	 	 	0.00	 	 	 	0.00	 	 	 	 	 	 	 	 	 
	24 Canadian priority payable reserve
	 	 	 	 	 	 	0.00	 	 	 	 	 	 	 	 	 
	25 Total Borrowing Base Value
	 	 	0.00	 	 	 	0.00	 	 	 	 	 	 	 	 	 
	26 CAPS / Loan Limits
	 	 	200,000,000.00	 	 	 	10,000,000.00	 	 	Total CAPS / Loan Line	 	 	200,000,000.00	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	27 Maximum Borrowing Limit (Lesser of 25. or 26.)*
	 	 	0.00	 	 	 	0.00	 	 	Total Available	 	 	0.00	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	LOAN STATUS
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	28 Previous Loan Balance (Previous Report Line 31)
	 	 	0.00	 	 	 	 	 	 	 	 	 	 	 	 	 
	29 Less: A. Net Collections (Same as line 4)
	 	 	0.00	 	 	 	 	 	 	 	 	 	 	 	 	 
	B. Adjustments / Other                     
	 	 	0.00	 	 	 	 	 	 	 	 	 	 	 	 	 
	30 Add: A. Request for Funds
	 	 	0.00	 	 	 	 	 	 	 	 	 	 	 	 	 
	B. Adjustments / Other                     
	 	 	0.00	 	 	 	 	 	 	 	 	 	 	 	 	 
	31 A. New Loan Balance
	 	 	0.00	 	 	 	 	 	 	Total New Loan Balance:	 	 	0.00	 
	32 B. Letters of Credit
	 	 	0.00	 	 	 	 	 	 	Total New Letter of Credit Balance:	 	 	0.00	 
	33 A. Total New Loan & Letters of Credit
	 	 	0.00	 	 	 	 	 	 	Total New Loan Balance & LCs:	 	 	0.00	 
	32 Availability Not Borrowed (Lines 27 less 31)
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	0.00	 
	33 N/A
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	34 OVERALL EXPOSURE (lines 31 & 33)
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	0.00	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 

Pursuant to, and in accordance with, the terms and provisions of that certain Fourth Amended
and Restated Credit Agreement (“Agreement”), between JP Morgan Chase (“Secured Party”) and
Park-Ohio Industries, Inc. (“Borrower”), Borrower is executing and delivering to Secured
Party this Collateral Report accompanied by supporting data (collectively referred to as
(“Report”).

Borrower warrants and represents to Secured Party that this Report is true, correct, and based on
information contained in Borrower’s own financial accounting records. Borrower, by the execution of
this of this Report, hereby ratifies, confirms and affirms all of the terms, conditions and
provisions of the Agreement, and further certifies on this ____ day of __________, 20___, that the
Borrower is in compliance with said Agreement.

	 	 	 

	BORROWER NAME:

	 	AUTHORIZED SIGNATURE:
	Park Ohio Industries, Inc. — Canada
	 	 

Exhibit C-2

 

EXHIBIT C-3

AGGREGATE BORROWING BASE CERTIFICATE

	 	 	 	 	 	 	 

	 

	 	BORROWING BASE REPORT
                    	 	 
	 
	 

	 	 	 	Rpt #
	 	1/31/2010
	Obligor Number:

	 	 	 	Date
	 	2/20/2010
	Loan Number:

	 	 	 	Period Covered: 1/01/10 — 1/31/10	 	 

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	NOLV	 	 	 	 	 	 	 	 
	COLLATERAL CATEGORY	 	A/R	 	 	Inventory	 	 	 	 	 	 	 	 
	Description	 	01/31/10	 	 	01/31/10	 	 	 	 	 	 	 	 
	Beginning Balance ( Previous report — Line 8)
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 1 Additions to Collateral (Gross Sales or Purchases)
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 2 Other Additions (Add back any non-A/R cash in line 3)
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 3 Deductions to Collateral (Cash Received)
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 4 Deductions to Collateral (Discounts, other)
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 5 Deductions to Collateral (Credit Memos, all)
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 6 Other non-cash credits to A/R
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 7 Total Ending Collateral Balance
	 	 	0.00	 	 	 	0.00	 	 	 	 	 	 	 	 
	 8 Less Ineligible — Past Due
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 9 Less Ineligible — Cross-age ( 50%)
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	10 Less Ineligible — Foreign
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	11 Less Ineligible — Contention
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	12 Less Ineligible — Other (attach schedule)
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	13 Total Ineligibles -Accounts Receivable
	 	 	0.00	 	 	 	 	 	 	 	 	 	 	 	 
	 
	15 Less Ineligible — Inventory Slow-moving
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	16 Less Ineligible — Inventory Offsite not covered
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	17 Less Ineligible — Consignment/Other
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	18 Total Ineligible — Inventory
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	19 Net Eligible Inventory
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	20 Net OLV %
	 	 	 	 	 	 	44.0	%	 	 	 	 	 	 	 
	 
	21 Total Eligible Collateral
	 	 	0.00	 	 	 	0.00	 	 	 	 	 	 	 	 
	22 Advance Rate Percentage
	 	 	85	%	 	 	85	%	 	 	 	 	 	 	 
	23 Net Available — Borrowing Base Value
	 	 	0.00	 	 	 	0.00	 	 	 	 	 	 	 	 
	24 Reserves (Other)
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	25 Total Borrowing Base Value
	 	 	0.00	 	 	 	0.00	 	 	 	 	 	 	 	 
	26 CAPS / Loan Limits
	 	 	200,000,000.00	 	 	 	125,000,000.00	 	    Total CAPS / Loan Line	 	 	200,000,000.00	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	27 Maximum Borrowing Limit (Lesser of 25. or 26.)*
	 	 	0.00	 	 	 	0.00	 	        Total Available	 	 	 	 
	 
	LOAN STATUS
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	28 Previous Loan Balance (Previous Report Line 31)
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	29 Less: A. Net Collections (Same as line 4)
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	B. Adjustments / Other Prin Maturity 892,857.15
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	30 Add: A. Request for Funds
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	B. Adjustments / Other Prin Maturity
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	31 A. New Loan Balance
	 	 	0.00	 	 	 	 	 	Total New Loan Balance:	 	 	 	 
	32 B. Letters of Credit
	 	 	 	 	 	 	 	 	Total New Letter of Credit Balance:	 	 	0.00	 
	33 A. Total New Loan & Letters of Credit
	 	 	0.00	 	 	 	 	 	Total New Loan Balance & LCs:	 	 	0.00	 
	34 Availability Not Borrowed (Lines 27 less 31)
	 	 	 	 	 	 	 	 	 	 	 	 	 	0.00	 
	35 OVERALL EXPOSURE (Line 33 less Line 35)
	 	 	 	 	 	 	 	 	 	 	 	 	 	0.00	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 

Pursuant to, and in accordance with, the terms and provisions of that
certain Fourth Amended and Restated Credit Agreement (“Agreement”), between
JP Morgan Chase (“Secured Party”) and Park-Ohio Industries, Inc.
(“Borrower”), Borrower is executing and delivering to Secured Party this
Collateral Report accompanied by supporting data (collectively referred to
as (“Report”).

Borrower warrants and represents to Secured Party that this
Report is true, correct, and based on information contained in Borrower’s
own financial accounting records. Borrower, by the execution
of this Report, hereby ratifies, confirms and affirms all of the terms,
conditions and provisions of the Agreement, and further certifies on this
____ day of __________, 20___, that the Borrower is in compliance with said
Agreement.

	 	 	 

	BORROWER NAME:

	 	AUTHORIZED SIGNATURE:
	Park Ohio Industries, Inc. — Consolidated
	 	 

Exhibit C-3

 

EXHIBIT D

COMPLIANCE CERTIFICATE

	To:	 	 The Lenders parties to the

Credit Agreement Described Below

          This Compliance Certificate is furnished pursuant to that certain Fourth Amended and Restated
Credit Agreement dated as of April 7, 2011 (as amended, modified, renewed or extended from time to
time, the “Agreement”) among Park-Ohio Industries, Inc., RB&W Corporation of Canada and the Ex-Im
Borrowers (collectively, the “Borrowers”), the other Loan Parties, the Lenders party thereto,
JPMorgan Chase Bank, N.A., as Administrative Agent for the Lenders and JPMorgan Chase Bank, N.A.,
Toronto Branch, as Canadian Agent for the Lenders. Unless otherwise defined herein, capitalized
terms used in this Compliance Certificate have the meanings ascribed thereto in the Agreement.

          THE UNDERSIGNED HEREBY CERTIFIES, ON ITS BEHALF AND ON BEHALF OF THE BORROWERS, THAT:

          1. I am the duly elected                      of the Borrower Representative;

          2. I have reviewed the terms of the Agreement and I have made, or have caused to be made under
my supervision, a detailed review of the transactions and conditions of the Company and its
Subsidiaries during the accounting period covered by the attached financial statements [for
quarterly or monthly financial statements add: and such financial statements present fairly in all
material respects the financial condition and results of operations of the Borrowers and their
consolidated Subsidiaries on a consolidated basis in accordance with GAAP consistently applied,
subject to normal year-end audit adjustments and the absence of footnotes];

          3. The examinations described in paragraph 2 did not disclose, except as set forth below, and
I have no knowledge of (i) the existence of any condition or event which constitutes a Default
during or at the end of the accounting period covered by the attached financial statements or as of
the date of this Certificate or (ii) any change in GAAP or in the application thereof that has
occurred since the date of the audited financial statements referred to in Section 3.04 of the
Agreement;

          4. I hereby certify that no Loan Party has changed (i) its name, (ii) its chief executive
office, (iii) principal place of business, (iv) the type of entity it is or (v) its state of
incorporation or organization without having given the Agent the notice required by Section 4.15 of
the Domestic Security Agreement;

          5. Schedule I attached hereto sets forth financial data and computations evidencing
the Borrowers’ compliance with certain covenants of the Agreement, all of which data and
computations are true, complete and correct; and

          6. Schedule II hereto sets forth the computations necessary to determine the
Applicable Rate commencing on the Business Day this certificate is delivered.

Exhibit D — Page 1

 

 

          Described below are the exceptions, if any, to paragraph 3 by listing, in detail, the (i)
nature of the condition or event, the period during which it has existed and the action which the
Borrowers have taken, are taking, or propose to take with respect to each such condition or event
or (i) the change in GAAP or the application thereof and the effect of such change on the attached
financial statements:

 

 

 

          The foregoing certifications, together with the computations set forth on Schedule I and
Schedule II hereto and the financial statements delivered with this Certificate in support hereof,
are made and delivered this ___day of                     , _____.

	 	 	 	 	 
	 	 	 
	 	
 	, 
	 	             as Borrower Representative
 	 
	 	 	 

	 	 	 	 	 
	 	By  	
 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 

Exhibit D — Page 2

 

 

SCHEDULE I

Compliance as of                     , ______ with

Provisions of ____ and _____ of

the Agreement

Exhibit D — Page 3

 

 

SCHEDULE II

Borrowers’ Applicable Rate Calculation

Exhibit D — Page 4exv10w1

Execution Version

 

REGISTRATION RIGHTS AGREEMENT

Dated as of April 7, 2011

by and among

PARK-OHIO INDUSTRIES, INC.

THE GUARANTORS LISTED ON SCHEDULE I HERETO

and

BARCLAYS CAPITAL INC.

J.P. MORGAN SECURITIES LLC

 

 

 

     This Registration Rights Agreement (this “Agreement”) is made and entered into as of April 7,
2011, by and among Park-Ohio Industries, Inc., an Ohio corporation (the “Company”), the guarantors
listed on Schedule I hereto (the “Guarantors”) and Barclays Capital Inc. and J.P. Morgan Securities
LLC, as representatives of the several initial purchasers named in Schedule I attached to the
Purchase Agreement (as defined below) (each such initial purchaser, an “Initial Purchaser” and,
together, the “Initial Purchasers”), each of whom has agreed to purchase the Company’s 8.125%
Senior Notes due 2021 (the “Initial Notes”) pursuant to the Purchase Agreement (as defined below).

     This Agreement is made pursuant to the Purchase Agreement, dated March 31, 2011 (the “Purchase
Agreement”), by and among the Company, the Guarantors and the Initial Purchasers. In order to
induce the Initial Purchasers to purchase the Initial Notes, the Company and the Guarantors have
agreed to provide the registration rights set forth in this Agreement. The execution and delivery
of this Agreement is a condition to the obligations of the Initial Purchasers set forth in Section
7 of the Purchase Agreement. Capitalized terms used herein and not otherwise defined shall have
the meaning assigned to them in the Indenture, dated as of April 7, 2011, among the Company, the
Guarantors and Wells Fargo Bank, National Association, as trustee, relating to the Initial Notes
and the Exchange Notes (the “Indenture”).

     The parties hereby agree as follows:

SECTION 1. DEFINITIONS

     As used in this Agreement, the following capitalized terms shall have the following meanings:

     Act: The Securities Act of 1933, as amended, and the rules and regulations of the Commission
promulgated thereunder.

     Affiliate: As defined in Rule 144 of the Act.

     Blackout Period: The period of time (a) that the Company and the Guarantors may delay filing
and distributing (i) a post-effective amendment to (x) the Shelf Registration Statement or (y)
after the date on which the Exchange Offer is Consummated, the Exchange Offer Registration
Statement that is required to be effective to permit resales of Series B Notes by Broker-Dealers as
contemplated by Section 3(c) below or (ii) a supplement to any related Prospectus and (iii) any
other required document so that, as thereafter delivered to Holders or purchasers of Transfer
Restricted Securities, the prospectus will not contain an untrue statement of a material fact or
omit to state any material fact required to be stated therein or necessary to make the statements
therein, in light of the circumstances under which they were made, not misleading if the Company
determines reasonably and in good faith that compliance with the disclosure obligations necessary
to maintain the effectiveness of the Shelf Registration Statement or the Exchange Offer
Registration Statement at such time could reasonably be expected to have a material adverse effect
on the Company, any of the Guarantors or a pending financing, acquisition, disposition, merger or
other material corporate transaction involving the Company or any of its subsidiaries, or (b) when
(i) the Shelf Registration Statement or (ii) after the date on which the Exchange Offer is
Consummated, the Exchange Offer Registration Statement that is

 

 

required to remain effective to permit resales of Exchange Notes by Broker-Dealers as
contemplated by Section 3(c) below, in each case, ceases to be effective or any related Prospectus
is not usable solely because the Company filed a post-effective amendment to any such Registration
Statement to include annual audited financial information or quarterly unaudited financial
information with respect to the Company and the Guarantors and such post-effective amendment is not
yet effective and needs to be declared effective to permit Holders to use the related Prospectus
(it being understood that, in the case of this clause (b), the Company and the Guarantors shall be
required to use their commercially reasonable efforts to cause any such post-effective amendment to
become effective as soon as practicable); provided that, during any consecutive twelve-month
period, such Blackout Periods shall not occur more than 60 days in the aggregate; and provided
further that upon the termination of such Blackout Period, the Company and the Guarantors shall
promptly advise each Holder and purchaser and, if requested by any such Person, confirm such advice
in writing that such Blackout Period has been terminated.

     Broker-Dealer: Any broker or dealer registered under the Exchange Act.

     Business Day: Any day other than a Saturday, a Sunday or a day on which banking institutions
in the City of New York or at a place of payment are authorized by law, regulation or executive
order to remain closed.

     Closing Date: The date hereof.

     Commission: The Securities and Exchange Commission.

     Consummate: An Exchange Offer shall be deemed “Consummated” for purposes of this Agreement
upon the occurrence of (a) the filing and effectiveness under the Act of the Exchange Offer
Registration Statement relating to the Exchange Notes to be issued in the Exchange Offer, (b) the
maintenance of such Exchange Offer Registration Statement continuously effective and the keeping of
the Exchange Offer open for a period not less than the period required pursuant to Section 3(b)
hereof, and (c) the delivery by the Company to the Registrar under the Indenture of Exchange Notes
in the same aggregate principal amount as the aggregate principal amount of Initial Notes validly
tendered and not withdrawn by Holders thereof pursuant to the Exchange Offer.

     Consummation Deadline: As defined in Section 3(b) hereof.

     Effectiveness Deadline: As defined in Sections 3(a) and 4(a) hereof.

     Exchange Act: The Securities Exchange Act of 1934, as amended, and the rules and regulations
of the Commission promulgated thereunder.

     Exchange Notes: The Company’s 8.125% Senior Notes due 2021 to be issued pursuant to the
Indenture: (i) in the Exchange Offer or (ii) as contemplated by Section 4 hereof.

     Exchange Offer: The exchange and issuance by the Company of a principal amount of Exchange
Notes (which shall be registered pursuant to the Exchange Offer Registration

2

 

Statement) equal to the outstanding principal amount of Initial Notes that are validly
tendered and not withdrawn by such Holders in connection with such exchange and issuance.

     Exchange Offer Registration Statement: The Registration Statement relating to the Exchange
Offer, including the related Prospectus that forms a part thereof.

     Filing Deadline: As defined in Sections 3(a) and 4(a) hereof.

     Free Writing Prospectus: Each offer to sell or solicitation of an offer to buy the Initial
Notes or the Exchange Notes that would constitute a “free writing prospectus” as defined in Rule
405 under the Securities Act, prepared by or on behalf of the Company or used or referred to by the
Company in connection with the sale of the Initial Notes or the Exchange Notes.

     Holders: As defined in Section 2 hereof.

     Interest Payment Date: As defined in the Initial Notes and Exchange Notes.

     Person: An individual, trustee, corporation, partnership, limited liability company, joint
stock company, trust, unincorporated association, union, business association, firm or other legal
entity.

     Prospectus: The prospectus included in a Registration Statement at the time such Registration
Statement is declared effective, as amended or supplemented by any prospectus supplement and by all
other amendments thereto, including post-effective amendments, and all material incorporated by
reference into such Prospectus.

     Recommencement Date: As defined in Section 6(d) hereof.

     Registration Default: As defined in Section 5 hereof.

     Registration Statement: Any registration statement of the Company and the Guarantors, if any,
relating to (a) an offering of Exchange Notes pursuant to an Exchange Offer or (b) the registration
for resale of Transfer Restricted Securities pursuant to the Shelf Registration Statement, in each
case, (i) that is filed pursuant to the provisions of this Agreement, (ii) including the Prospectus
included therein, and (iii) including all amendments and supplements thereto (including
post-effective amendments) and all exhibits and material incorporated by reference therein.

     Rule 144: Rule 144 promulgated under the Act.

     Shelf Registration Statement: As defined in Section 4 hereof.

     Special Interest: As defined is Section 5 hereof.

     Suspension Notice: As defined in Section 6(d) hereof.

     TIA: The Trust Indenture Act of 1939 (15 U.S.C. Section 77aaa-77bbbb) as in effect on the
date of the Indenture.

3

 

     Transfer Restricted Securities: Each Initial Note and the related Subsidiary Guarantee until
the earliest to occur of (a) the date on which such Initial Note has been exchanged in the Exchange
Offer by a Holder other than a Broker-Dealer for an Exchange Note, (b) following the exchange by a
Broker-Dealer in the Exchange Offer of an Initial Note for an Exchange Note, the date on which such
Exchange Note is sold to a purchaser who receives from such Broker-Dealer on or prior to the date
of such sale a copy of the Prospectus contained in the Exchange Offer Registration Statement, (c)
the date on which such Initial Note has been effectively registered under the Act and disposed of
in accordance with the Shelf Registration Statement (and the purchasers thereof have been issued
Exchange Notes), (d) the date on which such Initial Note is distributed to the public pursuant to
Rule 144 or (e) the date on which such security ceases to be outstanding pursuant to the terms of
Indenture.

SECTION 2. HOLDERS

     A Person is deemed to be a holder of Transfer Restricted Securities (each, a “Holder”)
whenever such Person owns Transfer Restricted Securities.

SECTION 3. REGISTERED EXCHANGE OFFER

     (a) The Company and the Guarantors shall (i) cause the Exchange Offer Registration Statement
to be filed with the Commission within 150 days after the Closing Date (such date being the “Filing
Deadline”), (ii) use all commercially reasonable efforts to cause such Exchange Offer Registration
Statement to become effective within 210 days after the Closing Date (such 210th day being the
“Effectiveness Deadline”), (iii) in connection with the foregoing, (A) file all pre-effective
amendments to such Exchange Offer Registration Statement as may be necessary in order to cause it
to become effective, (B) file, if applicable, a post-effective amendment to such Exchange Offer
Registration Statement, and (C) cause all necessary filings, if any, in connection with the
registration and qualification of the Exchange Notes to be made under the Blue Sky laws of such
jurisdictions as are necessary to permit Consummation of the Exchange Offer, and (iv) unless the
Exchange Offer shall not be permitted by applicable federal law or Commission policy (after the
procedures set forth in Section 6(a)(i) below have been complied with), upon the effectiveness of
such Exchange Offer Registration Statement, commence and Consummate the Exchange Offer. The
Exchange Offer shall be on the appropriate form permitting (i) registration of the Exchange Notes
to be offered in exchange for the Initial Notes that are Transfer Restricted Securities and (ii)
resales of Exchange Notes by Broker-Dealers that tendered into the Exchange Offer Initial Notes
that such Broker-Dealer acquired for its own account as a result of market-making activities or
other trading activities (other than Initial Notes acquired directly from the Company or any of its
Affiliates) as contemplated by Section 3(c) below.

     (b) The Company and the Guarantors shall use all commercially reasonable efforts to cause the
Exchange Offer Registration Statement to be effective continuously, and shall keep the Exchange
Offer open for a period of not less than the minimum period required under applicable federal and
state securities laws to Consummate the Exchange Offer; provided, however, that in no event shall
such period be less than 20 Business Days. The Company and the Guarantors shall cause the Exchange
Offer to comply with all applicable federal and state securities laws. No securities other than
the Exchange Notes shall be included in the Exchange Offer

4

 

Registration Statement. The Company and the Guarantors shall use all commercially reasonable
efforts to cause the Exchange Offer to be Consummated on or prior to 30 Business Days, or longer,
if required by the federal securities laws, after the date on which the Exchange Offer Registration
Statement is declared effective by the Commission (such 30th Business Day, or such later date
required by the federal securities laws, being the “Consummation Deadline”).

     (c) The Company shall include a “Plan of Distribution” section in the Prospectus contained in
the Exchange Offer Registration Statement and indicate therein that any Broker-Dealer who holds
Transfer Restricted Securities that were acquired for the account of such Broker-Dealer as a result
of market-making activities or other trading activities (other than Initial Notes acquired directly
from the Company or any Affiliate of the Company), may exchange such Transfer Restricted Securities
pursuant to the Exchange Offer. Such “Plan of Distribution” section shall also contain all other
information with respect to such sales by such Broker-Dealers that the Commission may require in
order to permit such sales pursuant thereto, but such “Plan of Distribution” shall not name any
such Broker-Dealer or disclose the amount of Transfer Restricted Securities held by any such
Broker-Dealer, except to the extent required by the Commission.

     Because such Broker-Dealer may be deemed to be an “underwriter” within the meaning of the Act
and must, therefore, deliver a prospectus meeting the requirements of the Act in connection with
its initial sale of any Exchange Notes received by such Broker-Dealer in the Exchange Offer, the
Company and Guarantors shall permit the use of the Prospectus contained in the Exchange Offer
Registration Statement by such Broker-Dealer to satisfy such prospectus delivery requirement. To
the extent necessary to ensure that the Prospectus contained in the Exchange Offer Registration
Statement is available for sales of Exchange Notes by Broker-Dealers, the Company and the
Guarantors agree to use their commercially reasonable efforts to keep the Exchange Offer
Registration Statement continuously effective, supplemented, amended and current as required by and
subject to the provisions of Sections 6(a) and (c) hereof and subject to the applicable Blackout
Period and in conformity with the requirements of this Agreement, the Act and the policies, rules
and regulations of the Commission as announced from time to time, for a period that shall not
exceed 180 days from the Consummation Deadline or such shorter period as will terminate when all
Transfer Restricted Securities covered by such Registration Statement have been sold pursuant
thereto; provided, however, that if the Exchange Offer Registration Statement ceases to be
effective during any Blackout Period, such 180 period shall be extended by the number of days such
Blackout Period continued. The Company and the Guarantors shall provide sufficient copies of the
latest version of such Prospectus to such Broker-Dealers, promptly upon request, and in no event
later than two Business Days after such request, at any time during such period.

SECTION 4. SHELF REGISTRATION

     (a) Shelf Registration. If (i) the Company and the Guarantors are not permitted to
Consummate the Exchange Offer because the Exchange Offer is not permitted by applicable law or
Commission policy (after the Company and the Guarantors have complied with the procedures set forth
in Section 6(a)(i) below) or (ii) any Holder of the Transfer Restricted Securities notifies the
Company prior to the 20th Business Day following Consummation of the Exchange Offer that (A) such
Holder is prohibited by law or Commission policy from

5

 

participating in the Exchange Offer, (B) such Holder may not resell the Exchange Notes
acquired by it in the Exchange Offer to the public without delivering a prospectus and the
Prospectus contained in the Exchange Offer Registration Statement is not appropriate or available
for such resales by such Holder or (C) such Holder is a Broker-Dealer and holds Initial Notes
acquired directly from the Company or any of its Affiliates, then the Company and the Guarantors,
shall:

     (x) use all commercially reasonable efforts on or prior to 60 days after the earlier of (i)
the date as of which the Company determines that the Exchange Offer Registration Statement will not
be or cannot be, as the case may be, filed as a result of clause (a)(i) above and (ii) the date on
which the Company receives the notice specified in clause (a)(ii) above (the date on which such
filing obligations arises being the “Shelf Filing Deadline”), to file a shelf registration
statement pursuant to Rule 415 under the Act (which may be an amendment to the Exchange Offer
Registration Statement (the “Shelf Registration Statement”)), covering the resale of all Transfer
Restricted Securities; provided, however, that nothing in this Section 4(a) shall require the
Company and the Guarantors to file a Shelf Registration Statement prior to the Filing Deadline for
an Exchange Offer Registrations Statement, and

     (y) use all commercially reasonable efforts to cause such Shelf Registration Statement to be
declared effective by the Commission on or prior to 120 days after the Shelf Filing Deadline for
the Shelf Registration Statement, or such later dates on which the Exchange Offer Registration
Statement would have been required to be filed or declared effective, as the case may be, (such
date being the “Shelf Effectiveness Deadline”).

     If, after the Company and the Guarantors have filed an Exchange Offer Registration Statement
that satisfies the requirements of Section 3(a) above, the Company and the Guarantors are required
to file and make effective a Shelf Registration Statement solely because the Exchange Offer is not
permitted under applicable federal law (i.e., clause (a)(i)(B) above), then the filing of the
Exchange Offer Registration Statement shall be deemed to satisfy the requirements of clause (x)
above; provided that, in such event, the Company and the Guarantors shall remain obligated to meet
the Shelf Effectiveness Deadline set forth in clause (y).

     To the extent necessary to ensure that the Shelf Registration Statement is available for sales
of Transfer Restricted Securities by the Holders thereof entitled to the benefit of this Section
4(a) and the other securities required to be registered therein pursuant to Section 6(b)(ii)
hereof, the Company and the Guarantors shall use their commercially reasonable efforts to keep any
Shelf Registration Statement required by this Section 4(a) continuously effective, supplemented,
amended and current as required by and subject to the provisions of Sections 6(b) and 6(c) hereof
and subject to any Blackout Period and in conformity with the requirements of this Agreement, the
Act and the policies, rules and regulations of the Commission as announced from time to time, for a
period of at least two years (as extended pursuant to Section 6(c)(i) or 6(d)) following the
Closing Date, or such shorter period as will terminate when all Transfer Restricted Securities
covered by such Shelf Registration Statement have been sold pursuant thereto or are no longer
Transfer Restricted Securities; provided, however, that, except as provided below, the Company and
the Guarantors shall not be obligated to keep such Shelf Registration Statement effective for a
period of more than 180 days from the date the Shelf Registration Statement is declared effective
by the Commission if the Shelf Registration Statement is required to be filed solely to permit
resales by a Broker-Dealer that holds the Initial

6

 

Notes or the Exchange Notes acquired directly from the Company or one of its Affiliates;
provided, further, however, that if the Shelf Registration Statement ceases to be effective during
any Blackout Period, such 180 day period shall be extended by the number of days such Blackout
Period continued.

     (b) Provision by Holders of Certain Information in Connection with the Shelf Registration
Statement. No Holder may include any of its Transfer Restricted Securities in any Shelf
Registration Statement pursuant to this Agreement unless and until such Holder furnishes to the
Company in writing, within 15 days after receipt of a request therefor, the information specified
in Item 507 or 508 of Regulation S-K, as applicable, of the Act, or other information reasonably
requested by the Company and required by Regulation S-K of the Act, for use in connection with any
Shelf Registration Statement or Prospectus or preliminary Prospectus included therein. No Holder
shall be entitled to Special Interest pursuant to Section 5 hereof unless and until such Holder
shall have provided all such information. Each selling Holder agrees to promptly furnish
additional information required to be disclosed in order to make the information previously
furnished to the Company by such Holder not materially misleading and shall promptly supply such
other information as the Company may from time to time reasonably request.

SECTION 5. SPECIAL INTEREST

     If (i) the Company and the Guarantors fail to use commercially reasonable efforts to file any
Registration Statement required by this Agreement on or prior to the applicable Filing Deadline,
(ii) any such Registration Statement has not been declared effective by the Commission on or prior
to the applicable Effectiveness Deadline, (iii) both (A) the Exchange Offer has not been
Consummated on or prior to the Consummation Deadline and (B) the Shelf Registration Statement has
not been declared effective by the Commission after the Shelf Effectiveness Deadline, or (iv) any
Registration Statement required by this Agreement is filed and declared effective but shall
thereafter cease to be effective or fail to be usable for its intended purpose without being
succeeded within five business days by a post-effective amendment to such Registration Statement
that cures such failure and that is itself declared effective within ten days of filing such
post-effective amendment to such Registration Statement (except during any Blackout Period (each
such event referred to in clauses (i) through (iv), a “Registration Default”), then the Company and
the Guarantors hereby jointly and severally agree to pay to each Holder affected thereby Special
Interest in an amount equal to 0.25% per annum of the principal amount of Transfer Restricted
Securities held by such Holder for the first 90-day period immediately following the occurrence of
such Registration Default. The amount of the Special Interest shall increase by an additional
0.25% per annum of the principal amount of Transfer Restricted Securities with respect to each
subsequent 90-day period until all Registration Defaults have been cured, up to a maximum amount of
Special Interest of 1.0% per annum of the principal amount of Transfer Restricted Securities;
provided that the Company and the Guarantors shall in no event be required to pay Special Interest
for more than one Registration Default at any given time. Notwithstanding anything to the contrary
set forth herein, (1) upon filing of the Exchange Offer Registration Statement (and/or, if
applicable, the Shelf Registration Statement), in the case of clause (i) above, (2) upon the
effectiveness of the Exchange Offer Registration Statement (and/or, if applicable, the Shelf
Registration Statement), in the case of clause (ii) above, (3) upon Consummation of the Exchange
Offer, in the case of clause (iii)

7

 

above, or (4) upon the filing of a post-effective amendment to the Registration Statement or
an additional Registration Statement that causes the Exchange Offer Registration Statement (and/or,
if applicable, the Shelf Registration Statement) to again be declared effective or made usable in
the case of clause (iv) above, the Special Interest payable with respect to the Transfer Restricted
Securities as a result of such clause (i), (ii), (iii), or (iv), as applicable, shall cease.

     All accrued Special Interest shall be paid by the Company and the Guarantors to the Holders
entitled thereto, in the manner provided for the payment of interest in the Indenture, on each
Interest Payment Date, as more fully set forth in the Indenture, the Initial Notes and the Exchange
Notes. Notwithstanding the fact that any securities for which Special Interest are due cease to be
Transfer Restricted Securities, all obligations of the Company and the Guarantors to pay Special
Interest with respect to securities that accrued prior to the time that such securities ceased to
be Transfer Restricted Securities shall survive until such time as such obligations with respect to
such securities shall have been satisfied in full.

SECTION 6. REGISTRATION PROCEDURES

     (a) Exchange Offer Registration Statement. In connection with the Exchange Offer, the
Company and the Guarantors shall (x) comply with all applicable provisions of Section 6(c) below,
(y) use their respective commercially reasonable efforts to effect such exchange and to permit the
resale of Exchange Notes by Broker-Dealers that tendered in the Exchange Offer Initial Notes that
such Broker-Dealer acquired for its own account as a result of its market-making activities or
other trading activities (other than Initial Notes acquired directly from the Company or any of its
Affiliates) being sold in accordance with the intended method or methods of distribution thereof,
and (z) comply with all of the following provisions:

     (i) If, following the date hereof there has been announced a change in Commission
policy with respect to exchange offers such as the Exchange Offer, that in the reasonable
opinion of counsel to the Company raises a substantial question as to whether the Exchange
Offer is permitted by applicable federal law, the Company and the Guarantors hereby agree
either to (x) seek a no-action letter or other favorable decision from the Commission
allowing the Company and the Guarantors to Consummate an Exchange Offer for such Transfer
Restricted Securities, or (y) file, in accordance with Section 4(a) hereof, a Shelf
Registration Statement to permit the registration and/or resale of the Transfer Restricted
Securities that would otherwise be covered by the Exchange Offer Registration Statement but
for the announcement of a change in Commission policy. In the case of clause (x) above, the
Company and the Guarantors hereby agree to pursue the issuance of such a decision to the
Commission staff level but shall not be required to take action not commercially reasonable
to affect a change of Commission policy. In connection with the foregoing, the Company and
the Guarantors hereby agree to take all such other reasonable actions as may be requested by
the Commission or otherwise required in connection with the issuance of such decision,
including without limitation (A) participating in telephonic conferences with the Commission
staff, (B) delivering to the Commission staff an analysis prepared by counsel to the Company
setting forth the legal bases, if any, upon which such counsel has concluded that such an
Exchange Offer should be permitted, and (C) diligently pursuing a resolution (which need not
be favorable) by the Commission staff.

8

 

     (ii) As a condition to its participation in the Exchange Offer, each Holder (including,
without limitation, any Holder who is a Broker-Dealer) shall furnish, upon the request of
the Company, prior to the Consummation of the Exchange Offer, a written representation to
the Company and the Guarantors (which may be contained in the letter of transmittal
contemplated by the Exchange Offer Registration Statement) to the effect that (A) it is not
an Affiliate of the Company, (B) it is not engaged in, and does not intend to engage in, and
has no arrangement or understanding with any Person to participate in, a distribution of the
Exchange Notes to be issued in the Exchange Offer, (C) it is acquiring the Exchange Notes in
its ordinary course of business, and (D) only if such Holder is a Broker-Dealer that will
receive Exchange Notes in exchange for Initial Notes that such Broker-Dealer acquired for
its own private account as a result of market making or other trading activities, it will
deliver a Prospectus, as required by law, in connection with any sale of such Exchange
Notes. As a condition to its participation in the Exchange Offer each Holder using the
Exchange Offer to participate in a distribution of the Exchange Notes shall acknowledge and
agree that, if the resales are of Exchange Notes obtained by such Holder in exchange for
Initial Notes acquired directly from the Company or an Affiliate thereof, it (1) could not,
under Commission policy as in effect on the date of this Agreement, rely on the position of
the Commission enunciated in Morgan Stanley and Co., Inc. (available June 5, 1991)
and Exxon Capital Holdings Corporation (available May 13, 1988), as interpreted in
the Commission’s letter to Shearman & Sterling dated July 2, 1993, and similar
no-action letters (including, if applicable, any no-action letter obtained pursuant to
clause (i) above), and (2) must comply with the registration and prospectus delivery
requirements of the Act in connection with a secondary resale transaction and that such a
secondary resale transaction must be covered by an effective registration statement
containing the selling security holder information required by Item 507 or 508, as
applicable, of Regulation S-K.

     (iii) Prior to effectiveness of the Exchange Offer Registration Statement, the Company
and the Guarantors shall provide a supplemental letter to the Commission (A) stating that
the Company and the Guarantors are registering the Exchange Offer in reliance on the
position of the Commission enunciated in Exxon Capital Holdings Corporation
(available May 13, 1988), Morgan Stanley and Co., Inc. (available June 5, 1991) as
interpreted in the Commission’s letter to Shearman & Sterling dated July 2, 1993,
and, if applicable, any no-action letter obtained pursuant to clause (i) above, (B)
including a representation that the Company and Guarantors have not entered into any
arrangement or understanding with any Person to distribute the Exchange Notes to be received
in the Exchange Offer and that, to the best of the Company’s and each Guarantor’s
information and belief, each Holder participating in the Exchange Offer is acquiring the
Exchange Notes in its ordinary course of business and has no arrangement or understanding
with any Person to participate in the distribution of the Exchange Notes received in the
Exchange Offer, and (C) any other undertaking or representation required by the Commission
as set forth in any no-action letter obtained pursuant to clause (i) above, if applicable.

     (b) Shelf Registration Statement. In connection with the Shelf Registration Statement,
the Company and the Guarantors shall:

9

 

     (i) comply with all the provisions of Section 6(c) below and use all commercially
reasonable efforts to effect such registration to permit the sale of the Transfer Restricted
Securities being sold in accordance with the intended method or methods of distribution
thereof (as indicated in the information furnished to the Company pursuant to Section 4(b)
hereof), and pursuant thereto the Company and the Guarantors will prepare and file with the
Commission a Registration Statement relating to the registration on any appropriate form
under the Act, which form shall be available for the sale of the Transfer Restricted
Securities in accordance with the intended method or methods of distribution thereof within
the time periods and otherwise in accordance with the provisions hereof, and

     (ii) issue to any Holder or purchaser of Initial Notes covered by any Shelf
Registration Statement contemplated by this Agreement, upon the request of any such Holder
or purchaser, registered Initial Notes having an aggregate principal amount equal to the
aggregate principal amount of Initial Notes in the names as such Holder or purchaser shall
designate.

     (c) General Provisions. In connection with any Registration Statement and any related
Prospectus required by this Agreement, the Company and the Guarantors shall:

     (i) use their commercially reasonable efforts to keep such Registration Statement
continuously effective (subject to any applicable Blackout Period) and provide all requisite
financial statements for the period specified in Section 3 or 4 of this Agreement, as
applicable. Upon the occurrence of any event that would cause any such Registration
Statement or the Prospectus contained therein (A) to contain an untrue statement of material
fact or omit to state any material fact required to be stated therein or necessary to make
the statements therein, in light of the circumstances under which they were made, not
misleading, or (B) not to be effective and usable for resale of Transfer Restricted
Securities during the period required by this Agreement, the Company and the Guarantors
shall file promptly an appropriate amendment to such Registration Statement curing such
defect, and, if Commission review is required, use their respective commercially reasonable
efforts to cause such amendment to be declared effective as soon as practicable (but no
sooner than after the end of any Blackout Period, if applicable);

     (ii) prepare and file with the Commission such amendments and post-effective amendments
to the applicable Registration Statement as may be necessary to keep such Registration
Statement effective for the applicable period set forth in Section 3 or 4 hereof, as the
case may be; cause the Prospectus to be supplemented by any required Prospectus supplement,
and as so supplemented to be filed pursuant to Rule 424 under the Act, and to comply fully
with Rules 424, 430A, and 462, as applicable, under the Act in a timely manner; and comply
with the provisions of the Act with respect to the disposition of all securities covered by
such Registration Statement during the applicable period in accordance with the intended
method or methods of distribution by the sellers thereof set forth in such Registration
Statement or supplement to the Prospectus;

10

 

     (iii) advise (a) each Holder whose Transfer Restricted Securities have been included in
a Shelf Registration Statement (in the case of a Shelf Registration Statement), and (b) each
Holder who has provided notice to the Company promptly as practicable and, if requested by
such Holder, confirm such advice in writing, (A) when the Prospectus or any Prospectus
supplement or post-effective amendment has been filed, and, with respect to any applicable
Registration Statement or any post-effective amendment thereto, when the same has become
effective, (B) of any request by the Commission for amendments to the Registration Statement
or amendments or supplements to the Prospectus or for additional information relating
thereto, (C) of the issuance by the Commission of any stop order suspending the
effectiveness of the Registration Statement under the Act or of the suspension by any state
securities commission of the qualification of the Transfer Restricted Securities for
offering or sale in any jurisdiction, or the initiation of any proceeding for any of the
preceding purposes, and (D) of the happening of any event that requires the Company to make
changes in the Registration Statement or the Prospectus in order that the Registration
Statement or the Prospectus, any amendment or supplement thereto or any document
incorporated by reference therein do not contain an untrue statement of material fact nor
omit to state a material fact required to be stated therein or necessary to make the
statements therein (in the case of the Prospectus, in light of the circumstances under which
they were made) not misleading. If at any time the Commission shall issue any stop order
suspending the effectiveness of the Registration Statement, or any state securities
commission or other regulatory authority shall issue an order suspending the qualification
or exemption from qualification of the Transfer Restricted Securities under state securities
or Blue Sky laws, the Company and the Guarantors shall use all commercially reasonable
efforts to obtain the withdrawal or lifting of such order at the earliest possible time;

     (iv) subject to Section 6(d), if any fact or event contemplated by Section 6(c)(iii)(D)
above shall exist or have occurred, prepare a supplement or post-effective amendment, as
applicable, to the Registration Statement or related Prospectus or any document incorporated
therein by reference or file any other required document so that, as thereafter delivered to
the purchasers of Transfer Restricted Securities, the Prospectus will not contain an untrue
statement of a material fact or omit to state any material fact necessary to make the
statements therein, in the light of the circumstances under which they were made, not
misleading;

     (v) furnish to each Holder whose Transfer Restricted Securities have been included in a
Shelf Registration Statement in connection with such exchange, registration or sale, if any,
before filing with the Commission (provided, that such Holder has entered into a
confidentiality agreement as may be reasonable requested by the Company), copies of any
Registration Statement or any Prospectus included therein or any amendments or supplements
to any such Registration Statement or Prospectus, which documents will be subject to the
reasonable review and comment of such Holders in connection with such sale, if any, for a
period of at least three Business Days, and the Company will not file any such Registration
Statement or Prospectus or any amendment or supplement to any such Registration Statement or
Prospectus to which such Holders shall reasonably object within three Business Days after
the receipt thereof. A Holder shall be deemed to have reasonably objected to such filing if
such Registration Statement, amendment, Prospectus

11

 

or supplement, as applicable, as proposed to be filed, contains an untrue statement of
a material fact or omits to state any material fact required to be stated therein or
necessary to make the statements therein, in light of the circumstances under which they
were made, not misleading or fails to comply with the applicable requirements of the Act;

     (vi) make available, at reasonable times, for inspection by each Holder whose Transfer
Restricted Securities have been included in a Shelf Registration Statement and any attorney
or accountant retained by such Holders (provided that there shall be not more than one
attorney and not more than one accountant retained by all such Holders for this purpose),
all financial and other records, pertinent corporate documents of the Company and the
Guarantors reasonably requested and cause the Company’s and the Guarantors’ officers,
directors and employees to supply all information reasonably requested by any such Holder,
attorney or accountant in connection with such Registration Statement or any post-effective
amendment thereto subsequent to the filing thereof and prior to its effectiveness; provided
that any Holder or representative thereof requesting or receiving such information shall
agree to be bound by reasonable confidentiality agreements and procedures with respect
thereto;

     (vii) if requested by any Holders whose Transfer Restricted Securities have been
included in a Shelf Registration Statement in connection with such exchange, registration or
sale, promptly include in any Registration Statement or Prospectus, pursuant to a supplement
or post-effective amendment if necessary, such information as such Holders may reasonably
request to have included therein, including, without limitation, information relating to the
“Plan of Distribution” of the Transfer Restricted Securities and the use of the Registration
Statement or Prospectus for market making activities; and make all required filings of such
Prospectus supplement or post-effective amendment as soon as practicable after the Company
is notified of the matters to be included in such Prospectus supplement or post-effective
amendment;

     (viii) furnish to each Holder whose Transfer Restricted Securities have been included
in a Shelf Registration Statement in connection with such exchange, registration or sale,
without charge, at least one copy of the Registration Statement, as first filed with the
Commission, and of each amendment thereto, including all exhibits;

     (ix) deliver to each Holder whose Transfer Restricted Securities have been included in
a Shelf Registration Statement without charge, as many copies of the Prospectus (including
each preliminary prospectus) and any amendment or supplement thereto as such Holders
reasonably may request; the Company and the Guarantors hereby consent to the use (in
accordance with law and subject to Section 6(d) hereof) of the Prospectus and any amendment
or supplement thereto by each selling Holder in connection with the offering and the sale of
the Transfer Restricted Securities covered by the Prospectus or any amendment or supplement
thereto;

     (x) enter into such agreements (including an underwriting agreement), and make such
representations and warranties, and take all such other actions in connection therewith in
order to expedite or facilitate the disposition of the Transfer Restricted Securities
pursuant to any Registration Statement contemplated by this Agreement, all to

12

 

such extent as may be customarily and reasonably requested by the Initial Purchasers
or, in the case of registration for resale of Transfer Restricted Securities pursuant to the
Shelf Registration Statement, by any Holder or Holders of Transfer Restricted Securities who
hold at least 50% in aggregate principal amount of such class of Transfer Restricted
Securities; provided, that, the Company and the Guarantors shall not be required to enter
into any such agreement more than once with respect to all of the Transfer Restricted
Securities and, in the case of a Shelf Registration Statement, may delay entering into such
agreement if the Board of Directors of the Company determines in good faith that it is in
the best interests of the Company and the Guarantors not to disclose the existence of or
facts surrounding any proposed or pending material corporate transaction involving the
Company and the Guarantors. In such connection, the Company and the Guarantors shall:

     (A) upon the request of any Holder, furnish (or in the case of paragraphs (2)
and (3), use its commercially reasonable efforts to cause to be furnished) to each
such Holder (in the case of the Shelf Registration Statement) and any underwriter,
upon Consummation of the Exchange Offer or the effectiveness of the Shelf
Registration Statement, as the case may be:

     (1) a certificate, dated such date, signed on behalf of the Company and
each Guarantor by (x) the Chief Executive Officer or any Vice President, and
(y) a principal financial or accounting officer of the Company and such
Guarantor, confirming, as of the date thereof, such matters as such Holders
may reasonably request;

     (2) an opinion, dated the date of Consummation of the Exchange Offer or
the date of effectiveness of the Shelf Registration Statement, as the case
may be, of counsel for the Company and the Guarantors in customary form and
covering such other matters as such Holder may reasonably request, and in
any event including a statement to the effect that such counsel has
participated in conferences with officers and other representatives of the
Company and the Guarantors and representatives of the independent public
accountants for the Company and the Guarantors and representatives of the
underwriters, if any, and their counsel at which the contents of the
Registration Statement and related matters were discussed and, although such
counsel need not pass upon or assume responsibility for the accuracy,
completeness or fairness of such statements (relying as to materiality to
the extent such counsel deems appropriate upon the statements of officers
and other representatives of the Company and the Guarantors and without
independent check or verification), no facts came to such counsel’s
attention that caused such counsel to believe that the applicable
Registration Statement, at the time such Registration Statement or any
post-effective amendment thereto became effective and, in the case of the
Exchange Offer Registration Statement, as of the date of Consummation of the
Exchange Offer, contained an untrue statement of a material fact or omitted
to state a material fact required to be stated therein or necessary to

13

 

make the statements therein, in light of the circumstances under which
they were made, not misleading, or that the Prospectus contained in such
Registration Statement as of its date and, in the case of the opinion dated
the date of Consummation of the Exchange Offer, as of the date of
Consummation, contained an untrue statement of a material fact or omitted to
state a material fact necessary in order to make the statements therein, in
the light of the circumstances under which they were made, not misleading.
Such counsel may state further that such counsel assumes no responsibility
for, and has not independently verified, the accuracy, completeness or
fairness of the financial statements, notes and schedules or other financial
data included in any Registration Statement contemplated by this Agreement
or the related Prospectus and need express no view as to the accounting or
financial records from which such financial statements, schedules and data
are derived; and

     (3) a customary comfort letter, dated the date of Consummation of the
Exchange Offer, or as of the date of effectiveness of the Shelf Registration
Statement, as the case may be, from the Company’s independent accountants,
in the customary form and covering matters of the type customarily covered
in comfort letters to underwriters in connection with underwritten
offerings, and affirming the matters set forth in the comfort letters
delivered pursuant to Section 8(e) of the Purchase Agreement; and

     (B) deliver such other documents and certificates as may be reasonably
requested by the selling Holders to evidence compliance with the matters covered in
clause (A) above and with any customary conditions contained in any agreement
entered into by the Company and the Guarantors pursuant to this clause (xi);

     (xi) prior to any public offering of Transfer Restricted Securities, cooperate with the
selling Holders and their counsel in connection with the registration and qualification of
the Transfer Restricted Securities under the securities or Blue Sky laws of such
jurisdictions as the selling Holders may request and do any and all other acts or things
necessary or advisable to enable the disposition in such jurisdictions of the Transfer
Restricted Securities covered by the applicable Registration Statement; provided, however,
that the Company and the Guarantors shall not be required to register or qualify as a
foreign corporation where it is not now so qualified or to take any action that would
subject it to the service of process in suits or to taxation, other than as to matters and
transactions relating to the Registration Statement, in any jurisdiction where it is not now
so subject;

     (xii) in connection with any sale of Transfer Restricted Securities that will result in
such securities no longer being Transfer Restricted Securities, cooperate with the Holders
to facilitate the timely preparation and delivery of certificates representing Transfer
Restricted Securities to be sold and not bearing any restrictive legends; and to register
such Transfer Restricted Securities in such denominations and such names as the

14

 

selling Holders may request at least two Business Days prior to such sale of Transfer
Restricted Securities;

     (xiii) use their commercially reasonable efforts to cause the disposition of the
Transfer Restricted Securities covered by the Registration Statement to be registered with
or approved by such other governmental agencies or authorities as may be necessary to enable
the seller or sellers thereof to consummate the disposition of such Transfer Restricted
Securities, subject to the proviso contained in clause (xi) above;

     (xiv) provide a CUSIP number for all Transfer Restricted Securities not later than the
effective date of a Registration Statement covering such Transfer Restricted Securities and
provide the Trustee under the Indenture with printed certificates for the Transfer
Restricted Securities which are in a form eligible for deposit with the Depository Trust
Company;

     (xv) otherwise use all commercially reasonable efforts to comply with all applicable
rules and regulations of the Commission, and make generally available to its security
holders with regard to any applicable Registration Statement, as soon as practicable, a
consolidated earnings statement meeting the requirements of Rule 158 under the Act (which
need not be audited) covering a twelve-month period beginning after the effective date of
the Registration Statement (as such term is defined in paragraph (c) of Rule 158 under the
Act);

     (xvi) cause the Indenture to be qualified under the TIA not later than the effective
date of the first Registration Statement required by this Agreement and, in connection
therewith, cooperate with the Trustee and the Holders to effect such changes to the
Indenture as may be required for such Indenture to be so qualified in accordance with the
terms of the TIA; and execute and use its commercially reasonable efforts to cause the
Trustee to execute, all documents that may be required to effect such changes and all other
forms and documents required to be filed with the Commission to enable such Indenture to be
so qualified in a timely manner; and

     (xvii) provide promptly to each Holder, upon request, each document filed with the
Commission pursuant to the requirements of Section 13 or Section 15(d) of the Exchange Act.

     (d) Restrictions on Holders. Each Holder agrees by acquisition of a Transfer
Restricted Security that, upon receipt of the notice referred to in Section 6(c)(i) or 6(c)(iii)(C)
or any notice from the Company of the existence of any fact of the kind described in Section
6(c)(iii)(D) hereof or of any applicable Blackout Period (in each case, a “Suspension Notice”),
such Holder will forthwith discontinue disposition of Transfer Restricted Securities pursuant to
the applicable Registration Statement and Prospectus until (i) such Holder has received copies of
the supplemented or amended Prospectus contemplated by Section 6(c)(iv) hereof, or (ii) such Holder
is advised in writing by the Company that the use of the Prospectus may be resumed, and has
received copies of any additional or supplemental filings that are incorporated by reference in the
Prospectus (in each case, the “Recommencement Date”). Each Holder receiving a Suspension Notice
hereby agrees that it will either (i) destroy any Prospectuses, other than

15

 

permanent file copies, then in such Holder’s possession which have been replaced by the
Company with more recently dated Prospectuses, or (ii) deliver to the Company (at the Company’s
expense) all copies, other than permanent file copies, then in such Holder’s possession of the
Prospectus covering such Transfer Restricted Securities that was current at the time of receipt of
the Suspension Notice. The time period regarding the effectiveness of such Registration Statement
set forth in Section 3 or 4 hereof, as applicable, shall be extended by a number of days equal to
the number of days in the period from and including the date of delivery of the Suspension Notice
to the Recommencement Date.

SECTION 7. REGISTRATION EXPENSES

     (a) All expenses incident to the Company’s and the Guarantors’ performance of or compliance
with this Agreement will be borne by the Company, regardless of whether a Registration Statement
becomes effective, including without limitation: (i) all registration and filing fees and
expenses; (ii) all fees and expenses of compliance with federal securities and state Blue Sky or
securities laws; (iii) all expenses of printing (including printing certificates for the Exchange
Notes to be issued in the Exchange Offer and printing of Prospectuses), messenger and delivery
services and telephone; (iv) all fees and disbursements of counsel for the Company and the
Guarantors and one counsel for all of the Holders of Transfer Restricted Securities selected by the
Holders of a majority in principal amount of Transfer Restricted Securities being registered; (v)
all application and filing fees in connection with listing the Exchange Notes on a national
securities exchange or automated quotation system pursuant to the requirements hereof; and (vi) all
fees and disbursements of independent certified public accountants of the Company and the
Guarantors (including the expenses of any special audit and comfort letters required by or incident
to such performance); provided, however, that in no event shall the Company or the Guarantors be
responsible for any agency commissions or fees or underwriting discounts, commissions or fees
attributable to the sale or other disposition of Transfer Restricted Securities and the fees and
disbursements of any counsel or other advisor or experts retained by such Holder (severally or
jointly), other than the counsel and experts specifically referred to in clause (b) below.

     The Company will, in any event, bear its and the Guarantors’ internal expenses (including,
without limitation, all salaries and expenses of its officers and employees performing legal or
accounting duties), the expenses of any annual audit and the fees and expenses of any Person,
including special experts, retained by the Company or the Guarantors.

     (b) In connection with any Registration Statement required by this Agreement (including,
without limitation, the Exchange Offer Registration Statement and the Shelf Registration
Statement), the Company and the Guarantors will reimburse the Initial Purchasers and the Holders of
Transfer Restricted Securities who are tendering Initial Notes in the Exchange Offer and/or selling
or reselling Initial Notes or Exchange Notes pursuant to the “Plan of Distribution” contained in
the Exchange Offer Registration Statement or the Shelf Registration Statement, as applicable, for
the reasonable fees and disbursements of not more than one counsel shall be chosen by the Holders
of a majority in principal amount of the Transfer Restricted Securities for whose benefit such
Registration Statement is being prepared, if any.

16

 

SECTION 8. INDEMNIFICATION

     (a) The Company and the Guarantors agree, jointly and severally, to indemnify and hold
harmless each Holder included in any Registration Statement (each, a “Participant”), its directors,
officers and each Person, if any, who controls such Participant (within the meaning of Section 15
of the Act or Section 20 of the Exchange Act), from and against any and all losses, claims,
damages, liabilities or judgments, (including without limitation, any legal or other expenses
incurred in connection with investigating or defending any matter, including any action that could
give rise to any such losses, claims, damages, liabilities or judgments) caused by any untrue
statement or alleged untrue statement of a material fact contained in any Registration Statement,
preliminary prospectus or Prospectus, Free Writing Prospectus or any “issuer information”
(as defined in Rule 433 of the Securities Act) filed or required to be filed pursuant to Rule
433(d) under the Securities Act (or any amendment or supplement thereto), or caused by any omission
or alleged omission to state therein a material fact required to be stated therein or necessary in
order to make the statements therein, in light of the circumstances under which they were made, not
misleading, except insofar as such losses, claims, damages, liabilities or judgments are caused by
an untrue statement or omission or alleged untrue statement or omission that is based upon
information relating to any of the Participants furnished in writing to the Company by or on behalf
of any of the Participants; provided, however, that neither the Company nor the Guarantors shall be
liable to any Participant, its directors, officers or any Person, if any, who controls such
Participant (within the meaning of Section 15 of the Act or Section 20 of the Exchange Act) under
the indemnity agreement in this Section 8 to the extent, but only to the extent, that such loss,
claim, damage, liability or judgment of such Participant results from an untrue statement of a
material fact or an omission of a material fact contained in the preliminary prospectus, which
untrue statement or omission was completely corrected in the Prospectus and such Participant failed
to deliver the Prospectus to that Person as required by the Act and within the time required by the
Act.

     (b) Each Participant agrees, severally and not jointly, to indemnify and hold harmless the
Company and the Guarantors, and their respective directors and officers, and each Person, if any,
who controls (within the meaning of Section 15 of the Act or Section 20 of the Exchange Act) the
Company, or the Guarantors to the same extent as the foregoing indemnity from the Company and the
Guarantors set forth in section (a) above, but only with reference to information relating to such
Participant furnished in writing to the Company by or on behalf of such Participant expressly for
use in any Registration Statement, preliminary prospectus or Prospectus (or any amendment or
supplement thereto). In no event shall any Participant, its directors, officers or any Person who
controls such Participant be liable or responsible for any amount in excess of the amount by which
the total amount received by such Participant with respect to its sale of Transfer Restricted
Securities pursuant to a Registration Statement exceeds the sum of: (i) the amount paid by such
Participant for such Transfer Restricted Securities plus (ii) the amount of any damages
that such Participant, its directors, officers or any Person who controls such Participant has
otherwise been required to pay by reason of such untrue or alleged untrue statement or omission or
alleged omission.

     (c) In case any action shall be commenced involving any Person in respect of which indemnity
may be sought pursuant to Section 8(a) or 8(b) (the “indemnified party”), the indemnified party
shall promptly notify the Person against whom such indemnity may be sought

17

 

(the “indemnifying party”) in writing (however, the failure to notify the indemnifying party
shall not relieve it from liability hereunder except to the extent it is materially prejudiced by
such failure and shall not relieve if from liability it may have other than under this Agreement)
and the indemnifying party shall assume the defense of such action, including the employment of
counsel reasonably satisfactory to the indemnified party and the payment of all fees and expenses
of such counsel, as incurred (except that in the case of any action in respect of which indemnity
may be sought pursuant to both Sections 8(a) and 8(b), a Participant shall not be required to
assume the defense of such action pursuant to this Section 8(c), but may employ separate counsel
and participate in the defense thereof, but the fees and expenses of such counsel, except as
provided below, shall be at the expense of the Participant). Any indemnified party shall have the
right to employ separate counsel in any such action and participate in the defense thereof, but the
fees and expenses of such counsel shall be at the expense of the indemnified party unless (i) the
employment of such counsel has been specifically authorized in writing by the indemnifying party,
(ii) the indemnifying party has failed to assume the defense of such action or employ counsel
reasonably satisfactory to the indemnified party, or (iii) the named parties to any such action
(including any impleaded parties) include both the indemnified party and the indemnifying party,
and the indemnified party has been advised by such counsel that there may be one or more legal
defenses available to it which are different from or additional to those available to the
indemnifying party (in which case the indemnifying party shall not have the right to assume the
defense of such action on behalf of the indemnified party). In any such case, the indemnifying
party shall not, in connection with any one action or separate but substantially similar or related
actions in the same jurisdiction arising out of the same general allegations or circumstances, be
liable for the fees and expenses of more than one separate firm of attorneys (in addition to any
local counsel) for all indemnified parties and all such fees and expenses shall be reimbursed as
they are incurred. Such firm shall be designated in writing by a majority of the Participants who
sold a majority of the Transfer Restricted Securities sold by all Participant, in the case of the
parties indemnified pursuant to Section 8(a), and by the Company and Guarantors, in the case of
parties indemnified pursuant to Section 8(b). The indemnifying party shall indemnify and hold
harmless the indemnified party from and against any and all losses, claims, damages, liabilities
and judgments by reason of any settlement of any action (i) effected with its written consent, or
(ii) effected without its written consent if the settlement is entered into more than 20 Business
Days after the indemnifying party received a request from the indemnified party for reimbursement
for the fees and expenses of counsel (in any case where such fees and expenses are at the expense
of the indemnifying party) and, prior to the date of such settlement, the indemnifying party has
failed to comply with such reimbursement request. No indemnifying party shall, without the prior
written consent of the indemnified party (which consent shall not be unreasonably withheld), effect
any settlement or compromise of, or consent to the entry of judgment with respect to, any pending
or threatened action in respect of which the indemnified party is or could have been a party and
indemnity or contribution may be or could have been sought hereunder by the indemnified party,
unless such settlement, compromise or judgment (i) includes an unconditional release of the

indemnified party from all liability on claims that are or could have been the subject matter of
such action, and (ii) does not include a statement as to or an admission of fault, culpability or a
failure to act, by or on behalf of the indemnified party.

     (d) To the extent that the indemnification provided for in this Section 8 is unavailable to an
indemnified party in respect of any losses, claims, damages, liabilities or judgments

18

 

referred to therein, then each indemnifying party, in lieu of indemnifying such indemnified
party, shall contribute to the amount paid or payable by such indemnified party as a result of such
losses, claims, damages, liabilities or judgments (i) in such proportion as is appropriate to
reflect the relative benefits received by the Company and the Guarantors, on the one hand, and the
Participants, on the other hand, from their initial sale of Transfer Restricted Securities (or in
the case of Exchange Notes that are Transfer Restricted Securities, the sale of the Initial Notes
for which such Exchange Notes were exchanged), or (ii) if the allocation provided by clause 8(d)(i)
above is not permitted by applicable law, in such proportion as is appropriate to reflect not only
the relative benefits referred to in clause 8(d)(i) above but also the relative fault of the
Company and the Guarantors, on the one hand, and of the Participants, on the other hand, in
connection with the statements or omissions which resulted in such losses, claims, damages,
liabilities or judgments, as well as any other relevant equitable considerations. The relative
fault of the Company and the Guarantors, on the one hand, and of the Participants, on the other
hand, shall be determined by reference to, among other things, whether the untrue or alleged untrue
statement of a material fact or the omission or alleged omission to state a material fact relates
to information supplied by the Company or such Guarantor, on the one hand, or by the Holder, on the
other hand, and the parties’ relative intent, knowledge, access to information and opportunity to
correct or prevent such statement or omission. The amount paid or payable by a party as a result
of the losses, claims, damages, liabilities and judgments referred to above shall be deemed to
include, subject to the limitations set forth in Section 8(c) hereof, any legal or other fees or
expenses reasonably incurred by such party in connection with investigating or defending any action
or claim.

     The Company, the Guarantors and each Participant agree that it would not be just and equitable
if contribution pursuant to this Section 8(d) were determined by pro rata allocation (even if the
Participants were treated as one entity for such purpose) or by any other method of allocation that
does not take account of the equitable considerations referred to in the immediately preceding
paragraph. The amount paid or payable by an indemnified party as a result of the losses, claims,
damages, liabilities or judgments referred to in the immediately preceding paragraph shall be
deemed to include, subject to the limitations set forth above, any legal or other expenses
reasonably incurred by such indemnified party in connection with investigating or defending any
matter, including any action that could have given rise to such losses, claims, damages,
liabilities or judgments. Notwithstanding the provisions of this Section 8, no Participant, its
directors, its officers or any Person, if any, who controls such Participant shall be required to
contribute, in the aggregate, any amount in excess of the amount by which the total amount received
by such Participant with respect to the sale of Transfer Restricted Securities pursuant to a
Registration Statement exceeds the sum of: (i) the amount paid by such Participant for such
Transfer Restricted Securities plus (ii) the amount of any damages that such Participant has
otherwise paid or become liable to pay by reason of any untrue or alleged untrue statement or
omission or alleged omission. No Person guilty of fraudulent misrepresentation (within the meaning
of Section 11(f) of the Act) shall be entitled to contribution from any Person who was not guilty
of such fraudulent misrepresentation. The Participants’ obligations to contribute pursuant to this
Section 8(d) are several in proportion to the respective principal amount of Transfer Restricted
Securities held by each Participant hereunder and not joint.

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SECTION 9. RULE 144A AND RULE 144

     The Company and each Guarantor agrees with each Holder, for so long as any Transfer Restricted
Securities remain outstanding and during any period in which the Company or such Guarantor (i) is
not subject to Section 13 or 15(d) of the Exchange Act, or no longer files reports required to be
filed under Section 13 or 15(d) of the Exchange Act as if the Company were required to file such
reports, to make available, upon request of any Holder, to such Holder or beneficial owner of
Transfer Restricted Securities in connection with any sale thereof and any prospective purchaser of
such Transfer Restricted Securities designated by such Holder or beneficial owner, the information
required by Rule 144A(d)(4) under the Act in order to permit resales of such Transfer Restricted
Securities pursuant to Rule 144A under the Act.

SECTION 10. MISCELLANEOUS

     (a) Remedies. The Company and the Guarantors acknowledge and agree that any failure
by the Company and/or the Guarantors to comply with their respective obligations under Sections 3
and 4 hereof may result in material irreparable injury to the Initial Purchasers or the Holders for
which there is no adequate remedy at law, that it will not be possible to measure damages for such
injuries precisely and that, in the event of any such failure, the Initial Purchasers or any Holder
may obtain such relief as may be required to specifically enforce the Company’s and the Guarantors’
obligations under Sections 3 and 4 hereof. The Company and the Guarantors further agree to waive
the defense in any action for specific performance that a remedy at law would be adequate.

     (b) Free Writing Prospectus. The Company represents, warrants and covenants that it
(including its agents and representatives) will not prepare, make, use, authorize, approve or refer
to any “written communication” (as defined in Rule 405 under the Securities Act) in connection with
the issuance and sale of the Initial Notes and the Exchange Notes, other than (i) any communication
pursuant to Rule 134, Rule 135 or Rule 135c under the Securities Act, (ii) any document
constituting an offer to sell or solicitation of an offer to buy the Initial Notes or the Exchange
Notes that falls within the exception from the definition of prospectus in Section 2(a)(10)(a) of
the Securities Act, or (iii) a prospectus satisfying the requirements of section 10(a) of the
Securities Act or of Rule 430, Rule 430A, Rule 430B, Rule 430C or Rule 431 under the Securities
Act.

     (c) No Inconsistent Agreements. The Company and any Guarantor will not, on or after
the date of this Agreement, enter into any agreement with respect to its securities that is
inconsistent with the rights granted to the Holders in this Agreement or otherwise conflicts with
the provisions hereof. The Company and any Guarantor have not previously entered into, nor is
currently a party to, any agreement granting any registration rights with respect to its securities
to any Person that would require such securities to be included in any Registration Statement filed
hereunder. The rights granted to the Holders hereunder do not in any way conflict with and are not
inconsistent with the rights granted to the holders of the Company’s and the Guarantors’ securities
under any agreement in effect on the date hereof.

     (d) Amendments and Waivers. The provisions of this Agreement may not be amended,
modified or supplemented, and waivers or consents to or departures from the

20

 

provisions hereof may not be given unless (i) in the case of Section 5 hereof and this Section
10(d)(i), the Company has obtained the written consent of Holders of all outstanding Transfer
Restricted Securities, and (ii) in the case of all other provisions hereof, the Company has
obtained the written consent of Holders of a majority of the outstanding principal amount of
Transfer Restricted Securities (excluding Transfer Restricted Securities held by the Company or its
Affiliates). Notwithstanding the foregoing, a waiver or consent to departure from the provisions
hereof that relates exclusively to the rights of Holders whose Transfer Restricted Securities are
being tendered pursuant to the Exchange Offer, and that does not affect directly or indirectly the
rights of other Holders whose Transfer Restricted Securities are not being tendered pursuant to
such Exchange Offer, may be given by the Holders of a majority of the outstanding principal amount
of Transfer Restricted Securities subject to such Exchange Offer.

     (e) Additional Guarantors. The Company shall cause any of its Restricted Subsidiaries
(as defined in the Indenture) that becomes, prior to the consummation of the Exchange Offer, a
Guarantor in accordance with the terms and provisions of the Indenture to become a party to this
Agreement as a Guarantor.

     (f) Third Party Beneficiary. The Holders shall be third party beneficiaries to the
agreements made hereunder between the Company and the Guarantors, on the one hand, and the Initial
Purchasers, on the other hand, and shall have the right to enforce such agreements directly to the
extent they may deem such enforcement necessary or advisable to protect its rights or the rights of
Holders hereunder.

     (g) Notices. All notices and other communications provided for or permitted hereunder
shall be made in writing by hand-delivery, first-class mail (registered or certified, return
receipt requested), telex, telecopier or air courier guaranteeing overnight delivery:

     (i) if to a Holder, at the address set forth on the records of the Registrar under the
Indenture, with a copy to the Registrar under the Indenture; and

     (ii) if to the Company or the Guarantors:

Park-Ohio Industries, Inc.

6065 Parkland Boulevard

Cleveland, Ohio 44124

Attention: Robert D. Vilsack, Esq.

Fax: (440) 947-2003

With a copy to:

Jones Day

901 Lakeside Avenue

Cleveland, Ohio 44114

Attention: Michael J. Solecki

Fax: (216) 579-0212

     All such notices and communications shall be deemed to have been duly given: at the time
delivered by hand, if personally delivered; five Business Days after being deposited in the

21

 

mail, postage prepaid, if mailed; when receipt acknowledged, if telecopied; and on the next
Business Day, if timely delivered to an air courier guaranteeing overnight delivery.

     Copies of all such notices, demands or other communications shall be concurrently delivered by
the Person giving the same to the Trustee at the address specified in the Indenture.

     (h) Successors and Assigns. This Agreement shall inure to the benefit of and be
binding upon the successors and assigns of each of the parties, including without limitation and
without the need for an express assignment, subsequent Holders; provided, however, that this
Agreement shall not inure to the benefit of or be binding upon a successor or assign of a Holder
unless and to the extent such successor or assign acquired Transfer Restricted Securities from such
Holder; provided, further, that nothing herein shall be deemed to permit any assignment, transfer
or other disposition of Transfer Restricted Securities in violation of the terms hereof or of the
Purchase Agreement or the Indenture. If any transferee of any Holder shall acquire Transfer
Restricted Securities in any manner, whether by operation of law or otherwise, such Transfer
Restricted Securities shall be held subject to all of the terms of this Agreement, and by taking
and holding such Transfer Restricted Securities such Person shall be conclusively deemed to have
agreed to be bound by and to perform all of the terms and provisions of this Agreement, including
the restrictions on resale set forth in this Agreement and, if applicable, the Purchase Agreement,
and such Person shall be entitled to receive the benefits hereof.

     (i) Counterparts. This Agreement may be executed in any number of counterparts and by
the parties hereto in separate counterparts, each of which when so executed shall be deemed to be
an original and all of which taken together shall constitute one and the same agreement.

     (j) Headings. The headings in this Agreement are for convenience of reference only
and shall not limit or otherwise affect the meaning hereof.

     (k) Governing Law. THIS AGREEMENT SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE
WITH THE LAWS OF THE STATE OF NEW YORK, WITHOUT REGARD TO THE CONFLICT OF LAW RULES THEREOF.

     (l) Severability. In the event that any one or more of the provisions contained
herein, or the application thereof in any circumstance, is held invalid, illegal or unenforceable,
the validity, legality and enforceability of any such provision in every other respect and of the
remaining provisions contained herein shall not be affected or impaired thereby.

     (m) Entire Agreement. This Agreement is intended by the parties as a final expression
of their agreement and intended to be a complete and exclusive statement of the agreement and
understanding of the parties hereto in respect of the subject matter contained herein. There are
no restrictions, promises, warranties or undertakings, other than those set forth or referred to
herein with respect to the registration rights granted with respect to the Transfer Restricted
Securities. This Agreement supersedes all prior agreements and understandings between the parties
with respect to such subject matter.

(Signature Page Follows.)

22

 

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

	 	 	 	 	 
	 	Park-Ohio Industries, Inc.

 	 
	 	By:  	/s/ Robert D. Vilsack
 	 
	 	 	Name:  	Robert D. Vilsack 	 
	 	 	Title:  	General Counsel and Secretary 	 

	 	 	 	 	 
	 	Ajax Tocco Magnethermic Corporation

 	 
	 	By:  	/s/ Robert D. Vilsack
 	 
	 	 	Name:  	Robert D. Vilsack 	 
	 	 	Title:  	Secretary 	 

	 	 	 	 	 
	 	ATBD, Inc.

 	 
	 	By:  	/s/ Robert D. Vilsack
 	 
	 	 	Name:  	Robert D. Vilsack 	 
	 	 	Title:  	Secretary 	 

	 	 	 	 	 
	 	Blue Falcon Travel, Inc.

 	 
	 	By:  	/s/ Robert D. Vilsack
 	 
	 	 	Name:  	Robert D. Vilsack 	 
	 	 	Title:  	Secretary 	 

	 	 	 	 	 
	 	Columbia Nut & Bolt LLC

 	 
	 	By:  	/s/ Robert D. Vilsack
 	 
	 	 	Name:  	Robert D. Vilsack 	 
	 	 	Title:  	Secretary 	 

	 	 	 	 	 
	 	Control Transformer, Inc.

 	 
	 	By:  	/s/ Robert D. Vilsack
 	 
	 	 	Name:  	Robert D. Vilsack 	 
	 	 	Title:  	Secretary 	 

	 	 	 	 	 
	 	Feco, Inc.

 	 
	 	By:  	/s/ Robert D. Vilsack
 	 
	 	 	Name:  	Robert D. Vilsack 	 
	 	 	Title:  	Secretary 	 
	 

Signature Page to Registration Rights Agreement

 

 

	 	 	 	 	 
	 	Forging Parts & Machining Company

 	 
	 	By:  	/s/ Robert D. Vilsack
 	 
	 	 	Name:  	Robert D. Vilsack 	 
	 	 	Title:  	Secretary 	 

	 	 	 	 	 
	 	Gateway Industrial Supply LLC

 	 
	 	By:  	/s/ Robert D. Vilsack
 	 
	 	 	Name:  	Robert D. Vilsack 	 
	 	 	Title:  	Secretary 	 

	 	 	 	 	 
	 	General Aluminum Mfg. Company

 	 
	 	By:  	/s/ Robert D. Vilsack
 	 
	 	 	Name:  	Robert D. Vilsack 	 
	 	 	Title:  	Secretary 	 

	 	 	 	 	 
	 	ILS Technology LLC

 	 
	 	By:  	/s/ Robert D. Vilsack
 	 
	 	 	Name:  	Robert D. Vilsack 	 
	 	 	Title:  	Secretary 	 

	 	 	 	 	 
	 	Induction Management Services, LLC

 	 
	 	By:  	/s/ Robert D. Vilsack
 	 
	 	 	Name:  	Robert D. Vilsack 	 
	 	 	Title:  	Secretary 	 

	 	 	 	 	 
	 	Integrated Holding Company

 	 
	 	By:  	/s/ Robert D. Vilsack
 	 
	 	 	Name:  	Robert D. Vilsack 	 
	 	 	Title:  	Secretary 	 

	 	 	 	 	 
	 	Integrated Logistics Holding Company

 	 
	 	By:  	/s/ Robert D. Vilsack
 	 
	 	 	Name:  	Robert D. Vilsack 	 
	 	 	Title:  	Secretary 	 

	 	 	 	 	 
	 	Integrated Logistics Solutions, Inc.

 	 
	 	By:  	/s/ Robert D. Vilsack
 	 
	 	 	Name:  	Robert D. Vilsack 	 
	 	 	Title:  	Secretary 	 
	 

Signature Page to Registration Rights Agreement

 

 

	 	 	 	 	 
	 	Lewis & Park Screw & Bolt Company

 	 
	 	By:  	/s/ Robert D. Vilsack
 	 
	 	 	Name:  	Robert D. Vilsack 	 
	 	 	Title:  	Secretary 	 

	 	 	 	 	 
	 	Park-Ohio Forged & Machined Products LLC

 	 
	 	By:  	/s/ Robert D. Vilsack
 	 
	 	 	Name:  	Robert D. Vilsack 	 
	 	 	Title:  	Secretary 	 

	 	 	 	 	 
	 	Park-Ohio Products, Inc.

 	 
	 	By:  	/s/ Robert D. Vilsack
 	 
	 	 	Name:  	Robert D. Vilsack 	 
	 	 	Title:  	Secretary 	 

	 	 	 	 	 
	 	Pharmaceutical Logistics, Inc.

 	 
	 	By:  	/s/ Robert D. Vilsack
 	 
	 	 	Name:  	Robert D. Vilsack 	 
	 	 	Title:  	Secretary 	 

	 	 	 	 	 
	 	Pharmacy Wholesale Logistics, Inc.

 	 
	 	By:  	/s/ Robert D. Vilsack
 	 
	 	 	Name:  	Robert D. Vilsack 	 
	 	 	Title:  	Secretary 	 

	 	 	 	 	 
	 	P-O Realty LLC

 	 
	 	By:  	/s/ Robert D. Vilsack
 	 
	 	 	Name:  	Robert D. Vilsack 	 
	 	 	Title:  	Secretary 	 

	 	 	 	 	 
	 	POVI L.L.C.

 	 
	 	By:  	Park-Ohio Industries, Inc., its sole member
 	 

	 	 	 	 	 
	 	 	 
	 	By:  	                                              /s/ Robert D. Vilsack
 	 
	 	 	Name:  	Robert D. Vilsack 	 
	 	 	Title:  	Secretary 	 
	 

Signature Page to Registration Rights Agreement

 

 

	 	 	 	 	 
	 	Precision Machining Connection LLC

 	 
	 	By:  	/s/ Robert D. Vilsack
 	 
	 	 	Name:  	Robert D. Vilsack 	 
	 	 	Title:  	Secretary 	 

	 	 	 	 	 
	 	RB&W Ltd.

By: Integrated Logistics Holding Company,

        its sole member

 	 
	 	By:  	/s/ Robert D. Vilsack
 	 
	 	 	Name:  	Robert D. Vilsack 	 
	 	 	Title:  	Secretary 	 

	 	 	 	 	 
	 	RB&W Manufacturing LLC

 	 
	 	By:  	/s/ Robert D. Vilsack
 	 
	 	 	Name:  	Robert D. Vilsack 	 
	 	 	Title:  	Secretary 	 

	 	 	 	 	 
	 	Red Bird, Inc.

 	 
	 	By:  	/s/ Robert D. Vilsack
 	 
	 	 	Name:  	Robert D. Vilsack 	 
	 	 	Title:  	Secretary 	 

	 	 	 	 	 
	 	Snow Dragon LLC

 	 
	 	By:  	/s/ Robert D. Vilsack
 	 
	 	 	Name:  	Robert D. Vilsack 	 
	 	 	Title:  	Secretary 	 

	 	 	 	 	 
	 	Southwest Steel Processing LLC

 	 
	 	By:  	/s/ Robert D. Vilsack
 	 
	 	 	Name:  	Robert D. Vilsack 	 
	 	 	Title:  	Secretary 	 

	 	 	 	 	 
	 	ST Holding Corp.

 	 
	 	By:  	/s/ Robert D. Vilsack
 	 
	 	 	Name:  	Robert D. Vilsack 	 
	 	 	Title:  	Secretary 	 
	 

Signature Page to Registration Rights Agreement

 

 

	 	 	 	 	 
	 	STMX, Inc.

 	 
	 	By:  	/s/ Robert D. Vilsack
 	 
	 	 	Name:  	Robert D. Vilsack 	 
	 	 	Title:  	Secretary 	 

	 	 	 	 	 
	 	Summerspace, Inc.

 	 
	 	By:  	/s/ Robert D. Vilsack
 	 
	 	 	Name:  	Robert D. Vilsack 	 
	 	 	Title:  	Secretary 	 

	 	 	 	 	 
	 	Supply Technologies (NY), Inc.

 	 
	 	By:  	/s/ Robert D. Vilsack
 	 
	 	 	Name:  	Robert D. Vilsack 	 
	 	 	Title:  	Secretary 	 

	 	 	 	 	 
	 	Supply Technologies LLC

 	 
	 	By:  	/s/ Robert D. Vilsack
 	 
	 	 	Name:  	Robert D. Vilsack 	 
	 	 	Title:  	Secretary 	 

	 	 	 	 	 
	 	The Ajax Manufacturing Company

 	 
	 	By:  	/s/ Robert D. Vilsack
 	 
	 	 	Name:  	Robert D. Vilsack 	 
	 	 	Title:  	Secretary 	 

	 	 	 	 	 
	 	The Clancy Bing Company

 	 
	 	By:  	/s/ Robert D. Vilsack
 	 
	 	 	Name:  	Robert D. Vilsack 	 
	 	 	Title:  	Secretary 	 

	 	 	 	 	 
	 	TW Manufacturing Co.

 	 
	 	By:  	/s/ Robert D. Vilsack
 	 
	 	 	Name:  	Robert D. Vilsack 	 
	 	 	Title:  	Secretary 	 

	 	 	 	 	 
	 	Tocco, Inc.

 	 
	 	By:  	/s/ Robert D. Vilsack
 	 
	 	 	Name:  	Robert D. Vilsack 	 
	 	 	Title:  	Secretary 	 
	 

Signature Page to Registration Rights Agreement

 

 

	 	 	 	 	 
	 	WB&R Acquisition Company, Inc.

 	 
	 	By:  	/s/ Robert D. Vilsack
 	 
	 	 	Name:  	Robert D. Vilsack 	 
	 	 	Title:  	Secretary 	 
	 

Signature Page to Registration Rights Agreement

 

 

	 	 	 	 	 
	 	BARCLAYS CAPITAL INC.

As representative of the several Initial Purchasers

     named in Schedule 1 of the Purchase Agreement

By: BARCLAYS CAPITAL INC., as Authorized Representative

 	 
	 	By  	/s/ Benjamin Burton
 	 
	 	 	Name:  	Benjamin Burton 	 
	 	 	Title:  	Managing Director 	 
	 

Signature Page to Registration Rights Agreement

 

 

SCHEDULE I

LIST OF GUARANTORS

	 	 	 
	 	 	State of Incorporation
	Entity	 	or Organization
	Ajax Tocco Magnethermic Corporation

	 	Ohio
	ATBD, Inc.

	 	Ohio
	Blue Falcon Travel, Inc.

	 	Alabama
	Columbia Nut & Bolt LLC

	 	Ohio
	Control Transformer, Inc.

	 	Ohio
	Feco, Inc.

	 	Illinois
	Forging Parts & Machining Company

	 	Ohio
	Gateway Industrial Supply LLC

	 	Ohio
	General Aluminum Mfg. Company

	 	Ohio
	ILS Technology LLC

	 	Ohio
	Induction Management Services, LLC

	 	Michigan
	Integrated Holding Company

	 	Ohio
	Integrated Logistics Holding Company

	 	Ohio
	Integrated Logistics Solutions, Inc.

	 	Ohio
	Lewis & Park Screw & Bolt Company

	 	Ohio
	Park-Ohio Forged & Machined Products LLC

	 	Ohio
	Park-Ohio Products, Inc.

	 	Ohio
	Pharmaceutical Logistics, Inc.

	 	Ohio
	Pharmacy Wholesale Logistics, Inc.

	 	Ohio
	P-O Realty LLC

	 	Ohio
	POVI L.L.C.

	 	Ohio
	Precision Machining Connection LLC

	 	Ohio
	RB&W Ltd.

	 	Ohio
	RB&W Manufacturing LLC

	 	Ohio
	Red Bird, Inc.

	 	Ohio
	Snow Dragon LLC

	 	Ohio
	Southwest Steel Processing LLC

	 	Ohio
	ST Holding Corp.

	 	Ohio
	STMX, Inc.

	 	Ohio
	Summerspace, Inc.

	 	Ohio
	Supply Technologies (NY), Inc.

	 	New York
	Supply Technologies LLC

	 	Ohio
	The Ajax Manufacturing Company

	 	Ohio
	The Clancy Bing Company

	 	Pennsylvania
	TW Manufacturing Co.

	 	Ohio
	Tocco, Inc.

	 	Alabama
	WB&R Acquisition Company, Inc.

	 	Pennsylvania

 

 

ANNEX A

PLAN OF DISTRIBUTION

Each broker-dealer that receives exchange notes for its own account pursuant to the exchange offer
must acknowledge that it will deliver a prospectus in connection with any resale of such exchange
notes. This prospectus, as it may be amended or supplemented from time to time, may be used by a
broker-dealer in connection with resales of exchange notes received in exchange for unregistered
notes where such unregistered notes were acquired as a result of market-making activities or other
trading activities. To the extent any such broker-dealer participates in the exchange offer, we
have agreed that for a period of up to 180 days we will use commercially reasonable efforts to make
this prospectus, as amended or supplemented, available to such broker-dealer for use in connection
with any such resale, and will deliver as many additional copies of this prospectus and each
amendment or supplement to this prospectus and any documents incorporated by reference in this
prospectus as such broker-dealer may reasonably request.

We will not receive any proceeds from any sale of exchange notes by broker-dealers. Exchange notes
received by broker-dealers for their own accounts pursuant to the exchange offer may be sold from
time to time in one or more transactions in the over-the-counter market, in negotiated
transactions, through the writing of options on the exchange notes or a combination of these
methods of resale, at market prices prevailing at the time of resale, at prices related to such
prevailing market prices or negotiated prices. Any such resale may be made directly to purchasers
or to or through brokers or dealers who may receive compensation in the form of commissions or
concessions from any such broker-dealer or the purchasers of any such exchange notes. Any
broker-dealer that resells exchange notes that were received by it for its own account pursuant to
the exchange offer and any broker or dealer that participates in a distribution of such exchange
notes may be deemed to be an “underwriter” within the meaning of the Securities Act and any profit
on any such resale of exchange notes and any commissions or concessions received by any such
persons may be deemed to be underwriting compensation under the Securities Act. The letter of
transmittal states that by acknowledging that it will deliver and by delivering a prospectus, a
broker-dealer will not be deemed to admit that it is an “underwriter” within the meaning of the
Securities Act.

We have agreed to pay all expenses incident to the exchange offer and will indemnify the holders of
outstanding notes, including any broker-dealers, against certain liabilities, including liabilities
under the Securities Act.

Annex A-1

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