Document:

Exhibit 10.1

$60,000,000 Revolving Credit Facility

AMENDED AND RESTATED

CREDIT AGREEMENT

dated as of

February 11, 2005

among

KINRO, INC.

LIPPERT COMPONENTS, INC.

The Lenders Party Hereto

and

JPMORGAN CHASE BANK, N.A.

as Administrative Agent

  ————————————————

	
Exhibit 10.1

	 

	 	AMENDED AND RESTATED CREDIT AGREEMENT dated as of February 11, 2005, among KINRO, INC., an Ohio corporation,
LIPPERT COMPONENTS, INC., a Delaware corporation, the LENDERS party hereto, and JPMORGAN CHASE BANK,
N.A. (formerly known as JPMorgan Chase Bank), as Administrative Agent.
		 
	 	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:

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

                    “Adjusted LIBO Rate” means, with respect to any Eurodollar Borrowing for any Interest Period, 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.

                    “Administrative Agent” means JPMorgan Chase Bank, N.A., in its capacity as administrative agent for the Lenders hereunder
(and, where applicable, under the Guarantee Agreements and the Subordination Agreement).

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

                    “Affiliate” means, at any time, and with respect to any Person, (a) any other Person that at such time directly
or indirectly through one or more intermediaries Controls, or is Controlled by, or is under common
Control with, such first Person, and (b) any Person beneficially owning or holding, directly or indirectly,
10% or more of any class of voting or equity interests of the Company or any Subsidiary or any corporation
of which the Company and its Subsidiaries beneficially own or hold, in the aggregate, directly or
indirectly, 10% or more of any class of voting or equity interests. Unless the context otherwise
clearly requires, any reference to an “Affiliate” is a reference to an Affiliate of the Company.

                    “Alternate Base Rate” means, for any day, a rate per annum equal to the greatest of (a) the Prime Rate in effect
on such day, (b) the Base CD Rate in effect on such day plus 1% and (c) the Federal
Funds Effective Rate in effect on such day plus 1/2 of 1%. Any change in the Alternate Base
Rate due to a change in the Prime Rate, the Base CD Rate or the Federal Funds 

	

	
Effective Rate shall be effective from and including the effective date of such change in the Prime
Rate, the Base CD Rate or the Federal Funds Effective Rate, respectively. 

                    “Applicable Percentage” means, with respect to any Lender, the percentage of the total Revolving Credit Commitments
represented by such Lender’s Revolving Credit Commitments. If the Revolving Credit Commitments
have terminated or expired, the Applicable Percentages shall be determined based upon the Revolving
Credit Commitments most recently in effect, giving effect to any assignments.

                    “Applicable Rate Margin” means, for any day, with respect to any Eurodollar Loan or ABR Loan, the General Margin therefor
as specified in Schedule 1.01-1 hereto. 

                    “Approved Subordinated Debt” means Indebtedness subordinated to the Obligations of the Borrowers under this Agreement and
the other Loan Documents on terms approved in writing by the Administrative Agent and the Required
Lenders.

                    “Assessment Rate” means, for any day, the annual assessment rate in effect on such day that is payable by a member
of the Bank Insurance Fund classified as “well-capitalized” and within supervisory subgroup
“B” (or a comparable successor risk classification) within the meaning of 12 C.F.R. Part 327
(or any successor provision) to the Federal Deposit Insurance Corporation for insurance by such Corporation
of time deposits made in dollars at the offices of such member in the United States; provided that if, as a result of any change in any law, rule or regulation, it is no longer possible to determine
the Assessment Rate as aforesaid, then the Assessment Rate shall be such annual rate as shall be
determined by the Administrative Agent to be representative of the cost of such insurance to the
Lenders.

                    “Asset Sale” shall mean any sale, transfer, lease or other disposition of any property or asset of any Credit
Party or any of its Subsidiaries except a sale, transfer, lease or other disposition in the ordinary
course of business (a) of cash, (b) of temporary cash investments, (c) of trade receivables, (d)
of inventories, or (e) of any asset by any Credit Party or by a Subsidiary to any Credit Party or
to another Subsidiary.

                    “Assignment and Acceptance” means an assignment and acceptance 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 Restatement Effective Date to but excluding the earlier
of the Maturity Date and the date of termination of the Revolving Credit Commitments.

                    “Base CD Rate” means the sum of (a) the Three-Month Secondary CD Rate multiplied by the Statutory Reserve
Rate plus (b) the Assessment Rate. 

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

	

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                    “Borrower” means each of Kinro, Inc., an Ohio corporation, Inc., and Lippert Components, Inc., a Delaware
corporation.

                    “Borrowing” means a group of Loans, 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.

                    “Borrowing Request” means a request by a Borrower for a Borrowing in accordance with Section 2.03.

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

                    “Capital Expenditures” means, for any period, the sum of all amounts that would, in accordance with GAAP, be included
as capital expenditures on a consolidated statement of cash flows for the Company and its consolidated
Subsidiaries during such period (including the amount of assets leased under any Capital Lease Obligation),
less the net proceeds received by such Persons during such period from sales of fixed tangible assets
as reflected on the consolidated statement of cash flows for that period.

                    “Capital Lease” means, at any time a lease with respect to which the lessee is required concurrently to recognize
the acquisition of an asset and the incurrence of a liability in accordance with GAAP.

                    “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.

                    “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 date hereof), of Equity Interests
representing more than 25% of the aggregate ordinary voting power represented by the issued and outstanding
Equity Interests of the Company; (b) occupation after the Restatement Effective Date of a majority
of the seats (other than vacant seats) on the board of directors of the Company by Persons who were
neither (i) nominated by the board of directors of the Company nor (ii) appointed by directors so
nominated; (c) the acquisition after the Restatement Effective Date of direct or indirect Control
of the Company by any Person or group; or (d) the ownership after the Restatement Effective Date
by any Person other than the Company of any capital stock of a Borrower, or the ownership by any
Person other than a Borrower, or the Subsidiary of the Borrower that is the owner thereof as of the
Restatement Effective Date (or such later date on which the Guarantor becomes a Guarantor hereunder),
of any capital stock or other equity interest in any Guarantor.

	

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                    “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 the Issuing
Bank (or, for purposes of Section 2.13(b), by any lending office of such Lender or by such Lender’s
or the 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.

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

                    “Collateral” means any property or rights in which, pursuant to the Security Documents, there has been granted
(or purported to have been granted) to the Collateral Agent for the ratable benefit of the Lenders,
a security interest.

                    “Collateral Agent” means JPMorgan Chase Bank, N.A., as Collateral Agent under the Pledge Agreement. 

                    “Company” means Drew Industries Incorporated, a Delaware corporation.

                    “Company Guarantee” has the meaning given to such term in Section 4.01(a).

                    “Consolidated Indebtedness” means, as of the date of determination, all Indebtedness owed or guaranteed by any Credit Party
and any of its Subsidiaries (but shall not include the undrawn amount of any Letters of Credit),
determined on a consolidated basis in accordance with GAAP.

                    “Consolidated Interest Expense” means, for the period in issue all interest expense of the Company and its Subsidiaries determined
on a consolidated basis in accordance with GAAP.

                    “Consolidated Net Income” means, for any period, the net income or loss of the Company and its Subsidiaries for such period
determined on a consolidated basis in accordance with GAAP after eliminating all offsetting debts
and credits between the Company and its Subsidiaries and all other items required to be eliminated
in the course of the preparation of consolidated financial statements of the Company and its Subsidiaries
in accordance with GAAP, but excluding: (i) extraordinary gains or losses; (ii) net earnings and
losses of any Subsidiary accrued prior to the date it became a Subsidiary; (iii) net earnings of
any business entity (other than a direct or indirect Subsidiary) in which the Company or any of its
Subsidiaries has an ownership interest unless such net earnings shall have been received in the form
of cash distributions; (iv) any portion of net earnings of any Subsidiary of the Company which for
any reason is unavailable for distribution to the Company; (v) earnings or losses resulting from
any write-up or write-down of assets other than in the ordinary course of business; (vi) any reversal
of any contingency reserve to the extent such contingency reserve was taken prior to the date hereof;
and (vii) the cumulative effect of a change in accounting principles.

                    “Consolidated Net Worth” means, as of the date of determination, (a) the sum of (i) the par value (or value stated on
the books of the Company) of the capital stock (but excluding 

	

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treasury stock and capital stock subscribed and unissued) of the Company and its Subsidiaries plus (ii) the amount of the paid-in capital and retained earnings of the Company and its Subsidiaries,

in each case as such amounts would be shown on a consolidated balance sheet of the Company and
its
Subsidiaries as of such date prepared in accordance with GAAP, minus (b) to the extent included in clause (a), (i) all amounts properly attributable to Minority Interests,
if any, in the stock and surplus of Subsidiaries

                    “Consolidated Tangible Net Worth” means, as of the date of determination, (a) the sum of (i) the par value (or value stated on
the books of the Company) of the capital stock (but excluding treasury stock and capital stock subscribed
and unissued) of the Company and its Subsidiaries plus (ii) the amount of the paid-in capital and retained earnings of the Company and its Subsidiaries,

in each case as such amounts would be shown on a consolidated balance sheet of the Company and
its
Subsidiaries as of such date prepared in accordance with GAAP, minus (b) to the extent included in clause (a), (i) all amounts properly attributable to Minority Interests,
if any, in the stock and surplus of Subsidiaries, and (ii) the sum of the following (without duplication
of deductions in respect of items already deducted in arriving at surplus and retained earnings)
cost of treasury shares, the book value of all assets which should be classified as intangibles,
but in any event including goodwill, research and development costs, trademarks, trade names, copyrights,
patents and franchises, unamortized debt discount and any write-up in the book value of assets resulting
from a revaluation thereof (other than any such write-up made in connection with the acquisition
of an asset from Person which is not an Affiliate of a Credit Party and so long as such a write-up
is made in accordance with GAAP and is based on the fair market value of the asset).

                    “Consolidated Total Assets” means, as of the date of determination, the total assets of the Borrowers and their Subsidiaries,
determined on a consolidated basis in conformity with GAAP.

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

                    “Credit Party” means each Borrower, each Guarantor, and each Person who is required to become a party to the
Subordination Agreement pursuant to Section 5.09.

                    “Debt Coverage Ratio” shall mean on any date the Total Senior Debt as of the last day of the fiscal quarter ending
with such date or immediately preceding such dated divided by EBITDA for the twelve full calendar
months ending on such last day of such fiscal quarter in each case as determined on a Pro Forma Basis.

                    “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.

                    “Distribution” means in respect of any corporation, association or other business entity: (a) dividends
or other distributions or payments on capital stock or other equity interest of 

	

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such corporation, association or other business entity (except distributions in such stock or other
equity interest); and (b) the redemption or acquisition of such stock or other equity interests or
of warrants, rights or other options to purchase such stock or other equity interests (except when
solely in exchange for such stock or other equity interests) unless made, contemporaneously, from
the net proceeds of a sale of such stock or other equity interests.

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

                    “EBITDA” means, for any period, income before income taxes plus interest expense, depreciation, amortization
of tangible or intangible assets, plus any other non-cash charges, but excluding extraordinary gains
(or losses) and any gains (or losses) from the sale or disposition of assets other than in the ordinary
course of business; all on a consolidated basis for the Company and its Subsidiaries and all calculated
in accordance with GAAP.

                    “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 Credit Party or any Subsidiary
thereof directly or indirectly resulting from or based upon (a) violation of any Environmental
Law, (b) the generation, use, handling, transportation, storage, treatment or disposal of any
Hazardous Materials, (c) exposure to any Hazardous Materials, (d) the release or threatened
release of any Hazardous Materials into the environment or (e) any contract, agreement or other consensual
arrangement pursuant to which liability is assumed or imposed with respect to any of the foregoing.

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

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

                    “ERISA Affiliate” means any trade or business (whether or not incorporated) that, together with any Credit 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 

	

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an application for a waiver of the minimum funding standard with respect to any Plan; (d) the
incurrence by any Credit 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 Credit 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 Credit 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 Credit
Party or any ERISA Affiliate of any notice, or the receipt by any Multiemployer Plan from any Credit
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.

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

                    “Event of Default” has the meaning given to such term in Article VII.

                    “Excluded Taxes” means, with respect to the Administrative Agent, any Lender, the Issuing Bank or any other recipient
of any payment to be made by or on account of any obligation of a Borrower hereunder, (a) income
or franchise taxes imposed on (or measured by) its net income by the United States of America,
or by the jurisdiction under the laws of which such recipient is organized or in which its principal
office is located or, in the case of any Lender, in which its applicable lending office is located,
(b) any branch profits taxes imposed by the United States of America or any similar tax imposed by
any other jurisdiction in which a Borrower is located and (c) in the case of a Foreign Lender (other
than an assignee pursuant to a request by the Borrowers under Section 2.17(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 2.15(e), except to the extent that such Foreign Lender
(or its assignor, if any) was entitled, at the time of designation of a new lending office (or assignment),
to receive additional amounts from a Borrower with respect to such withholding tax pursuant to Section 2.15(a).

                    “Existing Credit Agreement” means the Amended and Restated Credit Agreement dated as of November 13, 2001 to which the Borrowers
(and Lippert Tire & Axle, Inc., a Delaware corporation and an additional borrower thereunder),
JPMorgan Chase Bank as administrative agent and certain lenders were parties, as amended through
the date immediately preceding the Restatement Effective Date. All interest, fees or other amounts
accrued and unpaid by the Borrowers as of the Restatement Effective Date shall continue to be owing
under this Agreement.

                    “Fair Market Value” means at any time and with respect to any property, the sale value of such property that would
be realized in an arm’s-length sale at such time between an informed and willing buyer and an
informed and willing seller (neither being under a compulsion to buy or sell).

	

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                    “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.

                    “Foreign Lender” means any Lender that is organized under the laws of a jurisdiction other than that in which
the Borrowers are 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.

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

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

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

                    “Guarantor” means each of (i) the Company, (ii) each Person listed on Schedule 1.01-2 hereto, and (iii) each Person who is required to become a Guarantor pursuant to Section 5.09.

                    “Guarantee Agreement” has the meaning given to such term in Section 4.01(a). 

	

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                    “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.

                    “Hedging Agreement” means any interest rate protection agreement, foreign currency exchange agreement, commodity
price protection agreement or other interest or currency exchange rate or commodity price hedging
arrangement.

                    “Hedging Exposure Amount” means the maximum aggregate amount (giving effect to any netting agreements) that the Borrowers
or any of them would be required to pay at any time if all of its or their Hedging Agreements were
terminated at such time.

                    “Inactive Subsidiary” means, with respect to any Person, a Subsidiary of such Person (i) that conducts no business
activities on the Restatement Effective Date hereof nor on any date thereafter, (ii) the assets
of which Subsidiary have a fair market value less than the smaller of (x) $50,000 or (y) one-half
of one percent (.5%) of the consolidated assets of such Person and its Subsidiaries; and (iii) the
total liabilities of which are less than $25,000; provided that if the assets of all such Subsidiaries
that meet the conditions of clauses (i), (ii) and (iii) (each, a “Specified Subsidiary”),
in the aggregate, exceed either of the thresholds of clause (ii), then there shall be excluded from
the term “Inactive Subsidiary” the Specified Subsidiary having the greatest assets, and,
if necessary, the Specified Subsidiary having the next greatest assets, and so on, until the assets
of the remaining Specified Subsidiaries, in the aggregate, no longer exceed either of such thresholds
of clause (ii) (such remaining Specified Subsidiaries constituting the Inactive Subsidiaries); provided
further, that no Credit Party shall be an Inactive Subsidiary.

                    “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
accrued expenses which are payable within one year or current accounts payable in each case 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 (and excluding from the definition of Indebtedness leases
of real or personal property which are not Capital Leases), (i) all obligations, contingent
or otherwise, of such Person as an account party in respect of letters of credit and letters of guaranty
(other than performance guaranties) and (j) all obligations, contingent or otherwise, of such Person
in respect of bankers’ acceptances. The Indebtedness of any Person shall include the Indebtedness
of any other entity (including any partnership in which such Person is a general partner) to the
extent such Person is liable therefor as a result of such Person’s ownership interest in or
other relationship with such entity, except to the extent the terms of such Indebtedness provide
that such Person is not liable therefor.

	

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                    “Indemnified Taxes” means Taxes other than Excluded Taxes.

                    “Intercreditor Agreement” means the Intercreditor Agreement dated as of the date hereof between the Administrative Agent
and certain of the Lenders and the Trustee for the holders of Senior Notes and the holders of the
Senior Notes and any amendments, supplements or replacements thereof. Any Lender not a party thereto
shall be deemed to become a party upon becoming a Lender hereunder.

                    “Interest Election Request” means a request by a Borrower to convert or continue a Borrowing in accordance with Section 2.06.

                    “Interest Payment Date” means (a) with respect to any ABR Loan, the last day of each March, June, September and
December, 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.

                    “Interest Period” means, with respect to any Eurodollar Borrowing, the period commencing on the date of such Borrowing
and ending on the numerically corresponding day in the calendar month that is one, two, three or
six months thereafter, as the Borrower thereof 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 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,
thereafter shall be the effective date of the most recent conversion or continuation of such Borrowing. 

                    “Interest Rate Protection Merchant” shall mean a Lender which provides Hedging Agreements to the Borrowers or either of them for
interest rate protection.

                    “Interest Rate Hedging Exposure Amount” means the Hedging Exposure Amount attributable to Interest Rate Hedging Agreements. 

                    “Interest Rate Hedging Agreement” shall mean a Hedging Agreement between a Borrower and an Interest Rate Protection Merchant which
provides for interest rate protection. Interest Rate Hedging Agreements shall not be required hereunder
to have participation by more than one Lender.

                    “Issuing Bank” means JPMorgan Chase Bank, N.A., in its capacity as the issuer of a Letter of Credit and its
successor as provided in Section 2.04(i). The Issuing Bank may, in its discretion arrange for one
or more Letters of Credit to be issued by Affiliates of the Issuing Bank, 

	

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

                    “Kinro” means Kinro, Inc., an Ohio corporation.

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

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

                    “LCC” means, Lippert Components of Canada, Inc., an Ontario, Canada corporation.

                    “Lenders” means the Persons listed on Schedule 2.01 and any other Person that shall have become a party hereto pursuant to an Assignment and Acceptance,
other than any such Person that ceases to be a party hereto pursuant to an Assignment and Acceptance.

                    “Letter of Credit” means (individually and collectively) each letter of credit issued pursuant to this Agreement
whether outstanding on the Restatement Effective Date or at any time thereafter and any renewal,
extension, amendment or modification thereof.

                    “LIBO Rate” means, with respect to any Eurodollar Borrowing for any Interest Period, the rate appearing
on Page 3750 of the Dow Jones Market Service (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, pledge or hypothecation of, or any lien,
encumbrance, charge, or security interest in such asset, (b) the interest of a vendor or a lessor
under any conditional sale agreement, title retention agreement or Capital Lease (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.

                    “Lippert” means Lippert Components, Inc., a Delaware corporation.

	

11

	
                    “Loan Documents” means this Agreement, the Notes or any other promissory notes delivered pursuant hereto, the
Security Documents, the Guarantee Agreements, the Subordination Agreement, and any applications heretofore
or hereafter made in respect of the Letter of Credit, and any instruments or agreements executed
and delivered pursuant to any of the foregoing, in each case as supplemented, amended or modified
from time to time, and any document, instrument, or agreement supplementing, amending, or modifying,
or waiving any provision of, any of the foregoing.

                    “Loans” means the revolving loans made by the Lenders pursuant to Section 2.03 of this Agreement. 

                    “Mandatory Lenders” means, at any time, Lenders having Revolving Credit Exposures and unused Revolving Credit Commitments
representing more than 75% of the sum of the aggregate Revolving Credit Exposures and unused Revolving
Credit Commitments hereunder at such time.

                    “Material” means material in relation to the business, operations, affairs, financial condition, assets,
properties, or prospects of the Company and its Subsidiaries taken as a whole (unless the context
otherwise requires).

                    “Material Adverse Effect” means a Material adverse effect on (a) the business, operations, affairs, financial condition,
assets, properties or prospects of the Company and its Subsidiaries, taken as a whole, (b) the ability
of any Borrower to perform its obligations under this Agreement or any of the Notes, (c) the ability
of the Company to perform its obligations under the Company Guarantee, (d) the ability of the Company
and its Subsidiaries, taken as a whole, to perform their obligations under any of the other Loan
Documents, (e) the validity or enforceability of this Agreement or any of the other Loan Documents
or (f) the security interests granted by the Pledge Agreements.

                    “Maturity Date” means June 30, 2009.

                    “Maximum Leverage Ratio” means the ratio of Consolidated Indebtedness to EBITDA, each as determined on a Pro Forma Basis.

                    “Minimum Debt Service Ratio” means (i) the excess, if any, of EBITDA less Capital Expenditures made and dividends declared
to Company shareholders during the period in issue (divided by (ii) the current portion of Consolidated
Indebtedness (as determined as of the last day of the period in issue) plus the Consolidated Interest
Expense for the period in issue, each as determined on a Pro Forma Basis).

                    “Minority Interests” means any shares of stock of any class of a Subsidiary of any Person (other than directors’
qualifying shares as required by law) that are not owned by such Person and/or one or more of such
Person’s Subsidiaries. Minority Interests shall be valued by valuing “Minority Interests”
consisting of preferred stock at the voluntary or involuntary liquidation value of such preferred
stock, whichever is greater, and by valuing “Minority Interests” consisting of common stock
at the book value of capital and surplus applicable thereto 

	

12

	
adjusted, if necessary, to reflect any changes from the book value of such common stock required by
the foregoing method of valuing “Minority Interests” in preferred stock.

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

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

                    “Note” means a Revolving Credit Note.

                    “Obligations” means, without duplication, all obligations defined as “Obligations” in the Pledge
Agreement.

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

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

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

                    “Permitted Liens” shall include the following: (i) Liens listed on Schedule 3.05 to the Agreement, and extensions, renewals and replacements thereof that do not increase the outstanding
principal amount thereof, provided that any such Lien shall secure only those obligations which it secured as of the Restatement Effective
Date (except that any such Liens on properties constructed, improved or acquired with the proceeds
of industrial revenue or development bond issues representing Indebtedness of a Credit Party owing
directly or indirectly to GE Capital Finance, Inc., and which Liens secure only such issues, whether
such issues are outstanding as of the Restatement Effective Date or which are thereafter outstanding,
may secure other such issues representing Indebtedness so owing to such obligee the proceeds of which
have been used by a Credit Party to construct, improve or acquire other property, so long as such
Liens do not extend to any property of a Credit Party not so financed and secure only Indebtedness
represented by such issues); (ii) Liens (other than Liens on any “Inventory” or “Accounts”
or any “Proceeds” thereof, as such terms are defined in Section 9-102 of the New York Uniform Commercial
Code on fixed or capital assets acquired, constructed or improved; provided that (x) such security interests secure Indebtedness permitted hereunder, (y) such security interests
and the Indebtedness secured thereby are incurred prior to or within 180 days (and in the case of
industrial revenue bonds, 360 days) after such acquisition, the completion of such construction or
improvement or the placing in service, as the case may be of the asset which is subject to the security
interest, (z) the Indebtedness secured thereby does not exceed 85% (in the case of real property
and the improvements thereon) or 100% (in the case of personal property (other than fixtures)) of
the cost of acquiring, constructing or improving such fixed or capital assets, and (aa) such security
interest shall not apply to any other property or assets of any Credit Party or any Subsidiary thereof;
(iii) carriers’, warehousemen’s, mechanics’, repairmen’s and other like Liens
imposed by law in an aggregate amount not exceeding $250,000 arising in the ordinary course of business
and securing obligations that are not overdue by more than 30 days or are being 

	

13

	
contested in good faith by appropriate proceedings and for which adequate reserves have been established
therefor in accordance with GAAP on the books of such Credit Party or Subsidiary and as to which
the failure to make payment during such contest could not reasonably be expected to have a Material
Adverse Effect; (iv) pledges and deposits made in the ordinary course of business in compliance with
workers’ compensation, unemployment insurance and other social security laws or regulations
in respect of which adequate reserves shall have been established; (v) 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; (vi) 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 Credit Party or any Subsidiary thereof; (vii) Liens (other than Liens on any Inventory or
Accounts or any Proceeds thereof) securing indebtedness of one Credit Party to another Credit Party;
provided that (x) such Indebtedness is permitted under Sections 6.04 or 6.07 hereof (as applicable),
(y) all of the outstanding capital stock or other equity interests of each such Credit Party shall
be owned 100% directly or indirectly by the Company, (z) each of such Credit Parties to or by whom
such Indebtedness is owed, or who owns (directly or indirectly) any stock referred to in the preceding
clause (y), shall have become party to the Subsidiary Guarantee and (aa) such indebtedness shall
not be assigned or transferred by the obligee thereof to any Person other than another Credit Party
such that after giving effect to such assignment and transfer all of the foregoing conditions are
satisfied; (viii) Liens securing Indebtedness outstanding under the Prudential Shelf Agreement and/or
the Prudential Notes so long as (a) the Obligations are secured equally and ratably therewith pursuant
to such documents, instruments and agreements as shall be required by the Collateral Agent, including
without limitation an intercreditor agreement by and among the Lenders and the holders of the Prudential
Notes in form satisfactory to the Collateral Agent and (b) the Lenders shall have received an opinion
of counsel, selected by the Borrowers and substantially in the form of Exhibit B-1; (ix) other Liens (other than Liens on any Inventory or Accounts or any Proceeds thereof), provided
that the aggregate amount of all Indebtedness secured by such Liens shall not at any time exceed
15% of Consolidated Net Worth; and (x) Liens that extend, renew or replace Liens permitted by clauses
(i) through (viii); provided, however, that in no event shall Indebtedness secured by Liens described
in clauses (i), (iv) and (ix) exceed 55 percent of Total Capitalization of the Company and its Subsidiaries.
In no event shall any Lien on any Inventory or Accounts or any Proceeds thereof be a Permitted Lien.

                    “Permitted Loans and Investments” means (i) subject to Section 6.04(f) hereof, investments, loans and advances by any Credit Party
and any of its Subsidiaries in and to Wholly-Owned Subsidiaries; (ii) investments in commercial paper
and loan participations maturing within 270 days from the date of acquisition thereof having, at
such date of acquisition, a rating of A-1 or P-1 or better from Standard & Poor’s Corporation,
Moody’s Investors Service, Inc. or by another nationally recognized credit rating agency; (iii)
direct obligations of, or obligations the principal of or interest on which are unconditionally guaranteed
by the United States of America (or by any agency thereof to the extent such obligations are backed
by the frill faith and credit of the United States of America) (or by any other foreign government
of equal or better credit quality), in each case maturing within one year from the date of acquisition
thereof; (iv) investments in certificates of deposit, banker’s acceptances and time deposits maturing 

	

14

	
within one year 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 the United States of America or any State thereof which has (x) a combined capital
and surplus and undivided profits of not less than $100,000,000 or (y) assets of not less than $1,000,000,000;
(v) fully collateralized repurchase agreements, having terms of less than 90 days, for government
obligations of the type specified in (iii) above with a commercial bank or trust company meeting
the requirements of (iv) above; and (vi) investments in addition to those permitted by clauses (i)
through (v) including acquisitions of the assets or stock or other securities of any Person, provided, however, that the amount paid for any acquisition of the assets or stock or other securities of any one Person
and its affiliates and subsidiary shall not exceed $30,000,000 and the aggregate amount paid for
any such acquisitions from all Persons on after the Restatement Effective Date shall not exceed $125,000,000,
and any acquisitions not satisfying this proviso all or in part shall be deemed in their entirety
not to be Permitted Loans and Investments.

                    “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 Credit 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 Agreement” has the meaning given to such term in Section 4.01(a).

                    “Preferred Stock” means any class of capital stock of a corporation that is preferred over any other class of
capital stock of such corporation as to the payment of dividends or the payment of any amount upon
liquidation or dissolution of such corporation.

                    “Prime Rate” means the rate of interest per annum publicly announced from time to time by JPMorgan Chase
Bank, N.A. as its prime rate in effect at its principal office in 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.

                    “Priority Debt” means, as of any date, the sum (without duplication) of (i) all outstanding unsecured Indebtedness
of any Subsidiary of the Company, other than (a) unsecured Indebtedness of such Subsidiary owing
solely to Company or any Wholly-Owned Subsidiary of the Company, (b) unsecured Indebtedness of the
Borrowers, and (c) unsecured Indebtedness of any such Subsidiary in respect of the Subsidiary Guarantee
or the Prudential Subsidiary Guarantee; provided that such Subsidiary has executed the Subsidiary Guarantee on the Restatement Effective Date or in
accordance with the terms of Section 5.09; (ii) all Indebtedness of the Company and its Subsidiaries
secured by Liens, other than (a) secured Indebtedness outstanding under the Agreement or the other
Loan Documents or the Prudential Shelf Agreement, the Prudential Notes, the Prudential Company Guarantee
or the Prudential Subsidiary Guarantee so long as (x) the Obligations are secured equally and ratably
therewith by the same collateral securing such other Indebtedness pursuant to such documents, instruments

	

15

	
and agreements as shall be required by the Collateral Agent (and such other Indebtedness shall not
be secured by any other collateral of any kind), (y) Prudential and the holders of the Prudential
Notes are parties to the Prudential Intercreditor Agreement, which shall be in full force and effect
and shall have been amended, if necessary, to apply to such collateral pursuant to an amendment satisfactory
to the Collateral Agent, and (z) with respect to the Prudential Subsidiary Guarantee, the Person
that provided such guaranty shall have also executed the Subsidiary Guarantee on the Restatement
Effective Date or in accordance with Section 5.09, (b) secured Indebtedness outstanding under any
other document, instrument or agreement so long as (w) the Obligations are secured equally and ratably
therewith by the same collateral security securing such Indebtedness pursuant to such documents,
instruments and agreements as shall be required by the Collateral Agent (and such other Indebtedness
shall not be secured by any other collateral of any kind), (x) the holder of such other Indebtedness
shall have become a party to the Prudential Intercreditor Agreement pursuant to a joinder agreement
in form and substance satisfactory to the Administrative Agent, and the Prudential Intercreditor
Agreeement shall have been amended, if necessary, to apply to such collateral pursuant to an amendment
reasonably satisfactory to the Collateral Agent, (y) the Collateral Agent shall have received evidence
reasonably satisfactory to it that the Obligations are so secured (which evidence may be an opinion
of counsel reasonably satisfactory to the Collateral Agent or other evidence so long as such opinion
or other evidence is reasonably satisfactory to the Collateral Agent) and (z) no Default or Event
of Default shall have occurred and be continuing at the time such other document, instrument or agreement
is entered into; and (c) secured Indebtedness of the Company under the Company Guarantee, any other
Loan Document or the Prudential Company Guarantee to which it is a party, and secured Indebtedness
of any Subsidiary of the Company under this Agreement, the Subsidiary Guarantee, any other Loan Document
or the Prudential Subsidiary Guarantee to which it is a party; and (iii) the greater of the liquidation
preference of, or the amount payable upon the mandatory redemption of, all issued and outstanding
Preferred Stock of Subsidiaries of the Company. Notwithstanding the foregoing, the undrawn amount
of any Letters of Credit issued pursuant to the terms of the Agreement shall not constitute Indebtedness
of the Company or any of its Subsidiaries for purposes of determining Priority Debt.

                    “Pro Forma Basis” shall mean, for the determination of “EBITDA”, “Consolidated Indebtedness”, “Capital Expenditures”,
“Consolidated Interest Expense,” and “Total Senior Debt” for any period of four consecutive
fiscal quarters or twelve calendar months of the Company, as the case may be, for purposes of calculating
the Maximum Leverage Ratio, the Debt Coverage Ratio and the Minimum Debt Service Ratio, that such
determinations shall be made on the assumptions that (a) each Wholly-Owned Subsidiary that was acquired
by a Credit Party during such period from a Person that was not an Affiliate of a Credit Party and
each disposition during such period of any Person that ceases to be a Wholly-Owned Subsidiary upon
such disposition, occurred on the first day of such period, and (b) all Indebtedness incurred or
paid (or to be incurred or paid) by all such Persons in connection with all such transactions (x)
was incurred or paid on the first day of such period, as the case may be, and (y) if incurred, was
outstanding in full at all times during such period and had in effect at all times during such period
(or any portion of such period during which such Indebtedness was not actually outstanding) an interest
rate equal to the interest rate in effect on the date of the actual incurrence thereof (regardless
of whether such interest rate is a floating rate or would otherwise change over time by reference
to a formula or for any other reason).

	

16

	
                    “Prudential” means Prudential Investment Management, Inc.

                    “Prudential Company Guarantee” has the meaning given to such term in Section 4.01(e).

                    “Prudential Debt” means the Prudential Notes and any other indebtedness arising on or after the Restatement Effective
Date under or pursuant to the Prudential Shelf Agreement. The Notes and the Loans are not subordinated
to or otherwise subject to the Prudential Debt.

                    “Prudential Intercreditor Agreement” shall have the meaning given to such term in Section 4.01(e).

                    “Prudential Notes” shall mean any promissory notes issued to or to be issued subject to the Prudential Shelf Agreement.

                    “Prudential Pledge and Security Agreement” has the meaning given to such term in Section 4.01(e).

                    “Prudential Security Documents” means the Prudential Company Guarantee, the Prudential Subsidiary Guarantee, Prudential Pledge
and Security Agreement and the Prudential Subordination Agreement.

                    “Prudential Shelf Agreement” has the meaning given to such term in Section 4.01(e).

                    “Prudential Subordination Agreement” has the meaning given to such term in Section 4.01(e).

                    “Prudential Subsidiary Guarantee” has the meaning give to such term in Section4.01(e).

                    “Prudential Subordination Agreement” has the meaning given to such term in Section 4.01(e).

                    “Register” has the meaning given 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.

                    “Required Lenders” means, at any time, Lenders having Revolving Credit Exposures and unused Revolving Credit Commitments
representing more than 66-2/3% of the sum of the aggregate Revolving Credit Exposures and aggregate
unused Revolving Credit Commitments hereunder at such time.

                    “Restatement Effective Date” means February __, 2005.

	

17

	
                    “Restricted Payment” means: (i) any Distribution in respect of a Credit Party or any Subsidiary of a Credit Party
(other than on account of capital stock or other equity interests of a Subsidiary of a Credit Party
owned legally and beneficially by such Credit Party or another Subsidiary of such Credit Party),
including, without limitation, any Distribution resulting in the acquisition by a Credit Party of
securities which would constitute treasury stock, and (ii) any payment, repayment, redemption, retirement,
repurchase or other acquisition, direct, or indirect, by a Credit Party or any Subsidiary thereof,
on account of, or in respect of, the principal of any Subordinated Debt (or any installment thereof)
prior to the regularly scheduled maturity date thereof (as in effect on the date such Subordinated
Debt was originally incurred) other than in respect of Subordinated Debt of one Credit Party to another
Credit Party provided that no Event of Default exists or would exist after such prepayment. 

                    For purposes of this Agreement, the amount of any Restricted Payment made in property shall be the
greater of (x) the Fair Market Value of such property (as determined in good faith by the board of
directors (or equivalent governing body) of the Person making such Restricted Payment) and (y) the
net book value thereof on the books of such Person, in each case determined as of the date on which
such Restricted Payment is made.

                    “Revolving Credit Commitment” means, with respect to each Lender, the commitment of each Lender to make Loans hereunder as
set forth in Section 2.01 (as the same may be increased pursuant to Section 2.06A), and to acquire
participations in the Letters of Credit as set forth in Section 2.04 as the same may be (a) reduced
from time to time pursuant to Section 2.07 and (b) reduced or increased from time to time pursuant
to assignments by or to such Lender pursuant to Section 9.04. The initial amount of each Lender’s
Revolving Credit Commitment is set forth on Schedule 2.01 (as the same may be increased pursuant to Section 2.06A), or in the Assignment and Acceptance pursuant
to which such Lender shall have assumed its Revolving Credit Commitments, as applicable and ending
on the day immediately preceding the Maturity Date (and thereafter further reducing to zero) in the
aggregate (which amount shall include the undrawn amounts of the Letters of Credit).

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

                    “Revolving Credit Note” has the meaning given to such term in Section 4.01(d).

                    “S&P” means Standard & Poor’s.

                    “Secured Parties” means the Lenders, the Administrative Agent, the Collateral Agent, the Issuing Bank and any
Interest Rate Protection Merchant.

                    “Security Documents” means each of the agreements, instruments, and documents referred to in the last sentence of
Section 4.01(a) and any instruments or agreements executed and delivered pursuant to any of the foregoing,
in each case as supplemented, amended or modified from time to time, and any document, instrument
or agreement supplementing, amending or modifying, or waiving any provision of, any of the foregoing.

	

18

	
                    “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 (a) with respect to the Base CD Rate,
for new negotiable nonpersonal time deposits in dollars of over $100,000 with maturities approximately
equal to three months, and (b) 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 Debt” means any Indebtedness that is in any manner subordinated in right of payment or security in
any respect to the Obligations. 

                    “Subordination Agreement” has the meaning given to such term in Section 4.01(a).

                    “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.

                    “Subsidiary Guarantee” has the meaning given to such term in Section 4.01(a).

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

                    “Three-Month Secondary CD Rate” means, for any day, the secondary market rate for three-month certificates of deposit reported
as being in effect on such day (or, if such day is not a Business Day, the next preceding Business
Day) by the Board through the public information telephone line of the Federal Reserve Bank of New York
(which rate will, under the current practices of the Board, be published in Federal Reserve Statistical
Release H.15(519) during the week following such day) or, if such rate is not so reported on
such day or such next preceding Business Day, the average of the secondary market quotations for
three-month certificates of deposit of major money center banks in New York City received at approximately
10:00 a.m., New York City time, on such day (or, if such day is not a Business Day, on the next 

	

19

	
preceding Business Day) by the Administrative Agent from three negotiable certificate of deposit dealers
of recognized standing selected by it.

                    “Total Capitalization” means the sum of (i) Consolidated Indebtedness and (ii) Consolidated Tangible Net Worth, each
as of the most recently ended fiscal quarter.

                    “Total Senior Debt” shall mean on any date the aggregate unpaid principal amount of institutional Indebtedness of
the Credit Parties, whether recourse or non-recourse, joint or several, or secured or unsecured.

                    “Transactions” means the execution, delivery and performance by each Credit Party on the Restatement Effective
Date, of this Agreement and each other Loan Document to which such Credit Party is a party, the creation
of the security interests contemplated by the Security Documents, the borrowing of Loans (in the
case of the Borrowers), the use of the proceeds of Loans and the other transactions contemplated
by the Loan Documents, and (ii) on the Restatement Effective Date, of this Agreement as amended and
restated as of such date.

                    “Trustee” shall mean the trustee for the Prudential Shelf Agreement and the Prudential Notes.

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

                    “Wholly-Owned Subsidiary” means, at any time, any Subsidiary one hundred percent (100%) of all of the equity interests
(except directors’ qualifying shares) and voting interests of which are owned by any one or
more of the Company or a Borrower and the Company’s or Borrower’s other Wholly-Owned Subsidiaries
at such time.

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

              SECTION 1.02.            Classification of Loans and Borrowings.

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

              SECTION 1.03.            Terms Generally.

                    The definitions of terms herein shall apply equally to the singular and plural forms of the terms defined.
Whenever the context may require, any pronoun shall include the corresponding masculine, feminine
and neuter forms. The words “include”, “includes” and “including” shall be deemed to be
followed by the phrase “without limitation”. The word “will” shall be construed to have the same
meaning and effect as the word “shall”. Unless the context requires otherwise (a) any definition
of or reference to any agreement, instrument or other document herein shall be construed as referring
to such agreement, instrument or other document 

	

20

	
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 Borrowers notify the Administrative Agent that the Borrowers request an amendment to
any provision hereof to eliminate the effect of any change occurring after the date hereof in GAAP
or in the application thereof on the operation of such provision (or if the Administrative Agent
notifies the Borrowers 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 Revolving Credits

              SECTION 2.01.            Revolving Credit Commitments.

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

              SECTION 2.02.            Loans and Borrowings.

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

	

21

	
                              (b)          Subject to Section 2.12, each Borrowing shall be comprised entirely of ABR Loans or Eurodollar
Loans as the Borrower thereof may request in accordance herewith. 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 Borrowers to repay such Loan
in accordance with the terms of this Agreement. 

                              (c)          At the commencement of each Interest Period for any Eurodollar Borrowing, such Borrowing shall be
in an aggregate amount that is an integral multiple of $100,000 and not less than $500,000. At the
time that each ABR Borrowing is made, such Borrowing shall be in an aggregate amount that is an integral
multiple of $50,000 and not less than $100,000; provided that an ABR Borrowing may be in an aggregate amount that is equal to the entire unused balance of
the total Revolving Credit Commitments or that is required to finance the reimbursement of an LC
Disbursement as contemplated by Section 2.04(e). Borrowings of more than one Type may be outstanding
at the same time; provided that there shall not at any time be more than a total of fifteen (15) Eurodollar Borrowings outstanding.

                              (d)          Notwithstanding any other provision of this Agreement, Borrower shall 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.

                    To request a Borrowing, the Borrower thereof shall notify the Administrative Agent of such request
by telephone (a) in the case of a Eurodollar Borrowing, not later than 11:00 a.m., New York City
time, three Business Days before the date of the proposed Borrowing, or (b) in the case
of an ABR Borrowing, not later than 11:00 a.m. New York City time, on the date of the proposed Borrowing;
provided that any such notice of an ABR Borrowing to finance the reimbursement of an LC Disbursement as contemplated
by Section 2.04(e) may be given not later than 10:00 a.m., New York City time, on the date of
the proposed Borrowing. Each such telephonic Borrowing Request shall be irrevocable and shall be
confirmed promptly by hand delivery or telecopy to the Administrative Agent of a written Borrowing
Request in a form approved by the Administrative Agent and signed by the Borrower thereunder. Each
such telephonic and written Borrowing Request shall specify the following information in compliance
with Section 2.02: 

                                                 (i)           the aggregate amount of the requested Borrowing;

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

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

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

	

22

	
                                                 (v)          the location and number of the Borrower’s account to which funds are to be disbursed, which shall
comply with the requirements of Section 2.05.

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

              SECTION 2.04.            Letters of Credit.

                              (a)          General.  Subject to the terms and conditions set forth herein, the Borrowers may request the issuance
of Letters of Credit for their own account (or for the account of another Credit Party (other than
a foreign Credit Party) in which case the Borrowers shall also be jointly and severally liable in
respect of such Letters of Credit as if they were the account party thereof), in a form reasonably
acceptable to the Administrative Agent and the Issuing Bank, at any time and from time to time during
the Availability Period. In the event of any inconsistency between the terms and conditions of this
Agreement and the terms and conditions of any form of letter of credit application or other agreement
submitted by the Borrowers (or any other Credit Party) to, or entered into by any of the Borrowers
with, the Issuing Bank relating to any Letter of Credit, the terms and conditions of this Agreement
shall control.

                              (b)          Notice of Issuance, Amendment, Renewal, Extension; Certain Conditions.  To request the issuance of a Letter of Credit (or the amendment, renewal or extension of an
outstanding Letter of Credit), the Borrowers shall hand deliver or telecopy (or transmit by electronic
communication, if arrangements for doing so have been approved by the Issuing Bank) to the Issuing
Bank and the Administrative Agent (reasonably in advance of the requested date of issuance, amendment,
renewal or extension) a notice requesting the issuance of a Letter of Credit, or identifying the
Letter of Credit to be amended, renewed or extended, and specifying the date of issuance, amendment,
renewal or extension (which shall be a Business Day), the date on which such Letter of Credit is
to expire (which shall comply with paragraph (c) of this Section), the amount of such Letter
of Credit, the name and address of the beneficiary thereof and such other information as shall be
necessary to prepare, amend, renew or extend such Letter of Credit. If requested by the Issuing Bank,
the Borrowers also shall submit a letter of credit application on the Issuing Bank’s standard
form in connection with any request for a Letter of Credit. 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 the sum of the total Revolving Credit Exposures shall not
exceed the total Revolving Credit Commitments.

                              (c)          Expiration Date.  Each Letter of Credit shall expire at or prior to the close of business on the earlier of (i) the
date one year after the date of the issuance of such Letter of Credit (or, in the case of any renewal
or extension thereof, one year after such renewal or extension) and (ii) the date that is five
Business Days prior to the Maturity Date.

	

23

	
                              (d)          Participations.  (1) By the issuance of a Letter of Credit (or an amendment to a Letter of Credit increasing
the amount thereof) and without any further action on the part of the Issuing Bank or the Lenders,
the Issuing Bank hereby grants to each Lender, and each Lender hereby acquires from the Issuing Bank,
a participation in each Letter of Credit equal to such Lender’s Applicable Percentage of the
aggregate amount available to be drawn under such Letter of Credit. In consideration and in furtherance
of the foregoing, each Lender hereby absolutely and unconditionally agrees to pay to the Administrative
Agent, for the account of the Issuing Bank, such Lender’s Applicable Percentage of each LC Disbursement
made by the Issuing Bank and not reimbursed by the Borrowers on the date due as provided in paragraph
(e) of this Section, or of any reimbursement payment required to be refunded to a Borrower for any
reason. Each Lender acknowledges and agrees that its obligation to acquire participations pursuant
to this paragraph in respect of a Letter of Credit is absolute and unconditional and shall not be
affected by any circumstance whatsoever, including any amendment, renewal or extension (if permitted
hereunder) of a Letter of Credit or the occurrence and continuance of a Default or reduction or termination
of the Revolving Credit Commitments, and that each such payment shall be made without any offset,
abatement, withholding or reduction whatsoever.

                                                          (2)     Each
of the Lenders agrees that its participation hereunder in each Letter of Credit (and each Loan) outstanding
as of the Restatement Effective Date shall be in accordance with its pro rata share of the aggregate
Revolving Credit Commitments set forth on Schedule 2.01 for the Lenders and each of the Lenders which shall, as of the Restatement Effective Date, have a
share in any such Letter of Credit or Loan (before giving effect to this Section 2.04(d)(2)) which
is in excess of its pro rata share of the aggregate Revolving Credit Commitment as set forth in Schedule 2.01 shall be deemed, as of such date, to make an assignment (without recourse or warranty) to the other
Lender or Lenders, the pro rata share of which in such outstanding Loans and Letters of Credit, shall
(before giving effect to this Section 2.04(d)) be less than its or their pro rata share of the aggregate
Revolving Credit Commitments as set forth in Schedule 2.01 (which Lender or Lenders shall be deemed to have purchased the same and which shall make any appropriate
payments to the selling Lender or Lenders on the Restatement Effective Date) of its excess participation
share in any of such outstanding Letters of Credit and Loans, so that each of the Lenders shall after
such deemed assignments and purchases participate in its pro rata share of each such Loan and Letter
of Credit in accordance with its pro rata share of the aggregate Revolving Credit Commitments as
set forth in such Schedule 2.01.

                              (e)          Reimbursement.  If the Issuing Bank shall make any LC Disbursement in respect of a Letter of Credit, the Borrowers
shall reimburse such LC Disbursement by paying to the Administrative Agent an amount equal to such
LC Disbursement not later than 12:00 noon, New York City time, on the date that such LC Disbursement
is made, if the Borrowers shall have received notice of such LC Disbursement prior to 10:00 a.m.,
New York City time, on such date, or, if such notice has not been received by the Borrowers prior
to such time on such date, then not later than 12:00 noon, New York City time, on (i) the Business
Day that the Borrowers receive such notice, if such notice is received prior to 10:00 a.m., New York
City time, on the day of receipt, or (ii) the Business Day immediately following the day that the
Borrowers receive such notice, if such notice is not received prior to such time on the day of receipt; provided that, if such LC Disbursement is not less than $100,000, the Borrowers may, 

	

24

	
subject to the conditions to borrowing set forth herein, request in accordance with Section 2.03 that
such payment be financed with an ABR Borrowing in an equivalent amount and, to the extent so financed,
the Borrowers’ obligation to make such payment shall be discharged and replaced by the resulting
ABR Borrowing. If the Borrowers fail to make such payment when due, the Administrative Agent shall
notify each Lender of the applicable LC Disbursement, the payment then due from the Borrowers in
respect thereof and such Lender’s Applicable Percentage thereof. Promptly following receipt
of such notice, each Lender shall pay to the Administrative Agent its Applicable Percentage of the
payment then due from the Borrowers, in the same manner as provided in Section 2.05 with respect
to Loans made by such Lender (and Section 2.05 shall apply, mutatis mutandis, to the payment obligations of the Lenders), and the Administrative Agent shall promptly pay to the
Issuing Bank the amounts so received by it from the Lenders. Promptly following receipt by the Administrative
Agent of any payment from the Borrowers pursuant to this paragraph, the Administrative Agent shall
distribute such payment to the Issuing Bank or, to the extent that Lenders have made payments pursuant
to this paragraph to reimburse the Issuing Bank, then to such Lenders and the Issuing Bank as their
interests may appear. Any payment made by a Lender pursuant to this paragraph to reimburse the Issuing
Bank for any LC Disbursement (other than the funding of ABR Loans as contemplated above) shall not
constitute a Loan and shall not relieve the Borrowers of their obligation to reimburse such LC Disbursement.

                              (f)           Obligations Absolute. The obligation of the Borrowers to reimburse LC Disbursements as provided in paragraph (d) of
this Section is the joint and several obligation of each Borrower, 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 the relevant Letter of Credit or this Agreement, or any term or provision therein, (ii) any draft
or other document presented under the relevant Letter of Credit proving to be forged, fraudulent
or invalid in any respect or any statement therein being untrue or inaccurate in any respect, (iii)
payment by the Issuing Bank under such 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, either Borrower’s obligations hereunder. Neither the Administrative Agent, the Lenders
nor the Issuing Bank, nor any of their Related Parties, shall have any liability or responsibility
by reason of or in connection with the issuance or transfer of a 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 a Letter of Credit (including any
document required to make a drawing thereunder), any error in interpretation of technical terms or
any consequence arising from causes beyond the control of the Issuing Bank; provided that the foregoing shall not be construed to excuse the Issuing Bank from liability to the Borrowers
to the extent of any direct damages (as opposed to consequential damages, claims in respect of which
are hereby waived by each Borrower to the extent permitted by applicable law) suffered by the Borrowers
that are caused by the Issuing Bank’s failure to exercise care when determining whether drafts
and other documents presented under the relevant Letter of Credit comply with the terms thereof.
The parties hereto expressly agree that, in the absence of gross 

	

25

	
negligence or wilful misconduct on the part of the Issuing Bank (as finally determined by a court of
competent jurisdiction), the Issuing Bank shall be deemed to have exercised care in each such determination.
In furtherance of the foregoing and without limiting the generality thereof, the parties agree that,
with respect to documents presented which appear on their face to be in substantial compliance with
the terms of a Letter of Credit, the Issuing Bank may, in its sole discretion, either accept and
make payment upon such documents without responsibility for further investigation, regardless of
any notice or information to the contrary, or refuse to accept and make payment upon such documents
if such documents are not in strict compliance with the terms of such Letter of Credit. 

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

                              (h)          Interim Interest.  If the Issuing Bank shall make any LC Disbursement, then, unless the Borrowers shall reimburse
such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof
shall bear interest, for each day from and including the date such LC Disbursement is made to but
excluding the date that the Borrowers reimburse such LC Disbursement, at the rate per annum then
applicable to ABR Loans; provided that, if the Borrowers fail to reimburse such LC Disbursement when due pursuant to paragraph (f)
of this Section, then Section 2.11(e) shall apply. Interest accrued pursuant to this paragraph shall
be for the account of the Issuing Bank, except that interest accrued on and after the date of payment
by any Lender pursuant to paragraph (e) of this Section to reimburse the Issuing Bank shall be for
the account of such Lender to the extent of such payment.

                              (i)           Replacement of the Issuing Bank.  The Issuing Bank may be replaced at any time by written agreement among the Borrowers, the Administrative
Agent, the replaced Issuing Bank and the successor Issuing Bank. The Administrative Agent shall notify
the Lenders of any such replacement of the Issuing Bank. At the time any such replacement shall become
effective, the Borrowers shall pay all unpaid fees accrued for the account of the replaced Issuing
Bank pursuant to Section 2.11(b). From and after the effective date of any such replacement, (i)
the successor Issuing Bank shall have all the rights and obligations of the Issuing Bank under this
Agreement with respect to Letters of Credit to be issued thereafter and (ii) references herein to
the term “Issuing Bank” shall be deemed to refer to such successor or to any previous Issuing
Bank, or to such successor and all previous Issuing Banks, as the context shall require. After the
replacement of an Issuing Bank hereunder, the replaced Issuing Bank shall remain a party hereto and
shall continue to have all the rights and obligations of an Issuing Bank under this Agreement with
respect to Letters of Credit issued by it prior to such replacement, but shall not be required to
issue additional Letters of Credit.

	

26

	
                              (j)           Cash Collateralization.  If any Event of Default shall occur and be continuing, on the Business Day that the Borrowers
receive notice from the Administrative Agent or the Required Lenders (or, if the maturity of the
Loans has been accelerated, Lenders with LC Exposures representing greater than 66-2/3% of the total
LC Exposure) demanding the deposit of cash collateral pursuant to this paragraph, the Borrowers shall
deposit in an account with the Collateral Agent, in the name of the Collateral Agent and for the
benefit of the Lenders, an amount in cash equal to the LC Exposure as of such date plus any accrued
and unpaid interest thereon; provided that the obligation to deposit such cash collateral shall become effective immediately, and such deposit
shall become immediately due and payable, without demand or other notice of any kind, upon the occurrence
of any Event of Default described in clause (h) or (i) of Article VII. Such deposit shall
be held by the Collateral Agent as collateral for the payment and performance of the Obligations.
The Collateral Agent shall have exclusive dominion and control, including the exclusive right of
withdrawal, over such account. Other than any interest earned on the investment of such deposits,
which investments shall be made at the option and sole discretion of the Collateral Agent and at
the Borrowers’ 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 Administrative Agent to reimburse the Issuing Bank for LC Disbursements for which it has not
been reimbursed and, to the extent not so applied, shall be held for the satisfaction of the reimbursement
obligations of the Borrowers for the LC Exposure at such time or, if the maturity of the Loans has
been accelerated (but subject to the consent of Lenders with LC Exposure representing greater
than 66-2/3% of the total LC Exposure), be applied to satisfy other 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 either
Borrower within three Business Days after all Events of Default have been cured or waived.

              SECTION 2.05.            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 noon, New York City time, to the account of the Administrative
Agent most recently designated by it for such purpose by notice to the Lenders. The Administrative
Agent will make such Loans available to the Borrower thereof by promptly crediting the amounts so
received, in like funds, to an account of the Borrower thereof maintained with the Administrative
Agent in New York City and designated by such Borrower in the applicable Borrowing Request; provided that ABR Loans made to finance the reimbursement of an LC Disbursement as provided in Section 2.04(f)
shall be remitted by the Administrative Agent to the Issuing Bank.

                              (b)          Unless the Administrative Agent shall have received notice from a Lender prior to the proposed date
of any Borrowing that such Lender will not make available to the Administrative Agent such Lender’s
share of such Borrowing, the Administrative Agent may assume that such Lender has made such share
available on such date in accordance with paragraph (a) of this Section and may, in reliance upon
such assumption, make available to the Borrower thereof a corresponding amount. In such event, if
a Lender has not in fact made its share of the applicable Borrowing available to the Administrative
Agent, then the Borrowers (jointly and severally) and the applicable Lender (severally) agree to
pay to the Administrative 

	

27

	
Agent forthwith on demand such corresponding amount with interest thereon, for each day from and including
the date such amount is made available to the Borrower thereof to but excluding the date of payment
to the Administrative Agent, at (i) in the case of such Lender, the greater of the Federal Funds
Effective Rate and a rate determined by the Administrative Agent in accordance with banking industry
rules on interbank compensation or (ii) in the case of the Borrowers, the interest rate applicable
to ABR Loans. If such Lender pays such amount to the Administrative Agent, then such amount shall
constitute such Lender’s Loan included in such Borrowing.

              SECTION 2.06.            Interest Elections.

                              (a)          Each Borrowing initially shall be of the Type specified in the applicable Borrowing Request and, in
the case of a Eurodollar Borrowing shall have an initial Interest Period as specified in such Borrowing
Request. Thereafter, the Borrower thereof may elect to convert such Borrowing to a different Type
or to continue such Borrowing and, in the case of a Eurodollar Borrowing, may elect Interest Periods
therefor, all as provided in this Section. The Borrower thereof 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.

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

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

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

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

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

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

	

28

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

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

                              (e)          If the Borrower thereof fails to deliver a timely Interest Election Request in accordance herewith
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 ABR Borrowing. Notwithstanding any contrary provision hereof,
if an Event of Default has occurred and is continuing, then, (i) no outstanding Borrowing may be
converted to or continued as a Eurodollar Borrowing and (ii) unless repaid, each Eurodollar Borrowing
shall be converted to an ABR Borrowing at the end of the Interest Period applicable thereto.

              SECTION 2.06A      Increase in Revolving Credit Commitments. 

                    At any time, during the Availability Period immediately following the Restatement Effective Date and
so long as no Event of Default has occurred and is continuing, the Borrowers shall have the right,
exercisable from time to time, to request an increase in the aggregate amount of the Revolving Credit
Commitments by an amount not to be less than $10,000,000 (or, if less, the aggregate increase remaining
available under this Section 2.06A) (and which requested increase, when aggregated with any other
increases in the Revolving Credit Commitments theretofore granted under this Section, shall not exceed
$30,000,000) by providing written notice to the Administrative Agent at least 45 days prior to the
proposed effective date of such increase, which notice shall be irrevocable once given. The Administrative
Agent shall promptly notify each Lender of any such request. No Lender shall be obligated in any
way whatsoever to increase its Revolving Credit Commitment. If a new Lender becomes a party to this
Agreement, or if any existing Lender agrees to increase its Revolving Credit Commitment, such Lender
shall on the date it becomes a Lender hereunder (or in the case of an existing Lender, increases
its Revolving Credit Commitment) (and as a condition thereto) purchase from the other Lenders its
Revolving Commitment Percentage (determined with respect to the Lender’s relative Revolving
Credit Commitments and after giving effect to the increase of the Revolving Credit Commitments) of
any outstanding Loans or Letters of Credit, by making available to the Administrative Agent for the
account of such other Lenders, in same day funds, an amount equal to the sum of (A) the portion of
the outstanding principal amount of such Loans to be purchased by such Lender plus (B) interest accrued
and unpaid to and as of such date on such portion of the outstanding principal amount of such Loans.
The Borrowers shall pay to the Lenders amounts payable, if any, to such Lenders under Section 2.15.
as a result of the prepayment of any such Loans. An increase of the aggregate amount of the Revolving
Credit Commitments may not be effected under this Section if (x) the Requisite Lenders have not notified
the Administrative Agent in writing on or prior to the date which is 30 days subsequent to the date
on which the Borrowers request such increase that they consent to such increase, (y) a Default or
Event of Default shall be in existence on the effective date of such increase or (z) any representation
or warranty made or deemed made by the Borrowers or any other Credit Party in 

	

29

	
any Loan Document to which such Credit Party is a party is not (or would not be) true or correct on
the effective date of such increase except to the extent that such representations and warranties
shall have been true and accurate on and as of such earlier date) and except for changes in factual
circumstances specifically and expressly permitted hereunder. In connection with an increase in the
aggregate amount of the Revolving Credit Commitment pursuant to this Section (a) any Lender becoming
a party hereto shall execute such documents and agreements as the Administrative Agent may reasonably
request and (b) the Borrowers shall make appropriate arrangements so that each new Lender, and any
existing Lender increasing its Revolving Credit Commitment, receives a new or replacement Note, as
appropriate, in the amount of such Lender’s Revolving Credit Commitment at the time of the effectiveness
of the increase in the aggregate amount of Revolving Credit Commitments.

              SECTION 2.07.            Termination and Reduction of Revolving Commitments.

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

                              (b)          The Borrowers may at any time terminate, or from time to time reduce, the Revolving Credit Commitments;
provided that (i) each reduction of the Revolving Credit Commitments shall be in an amount that is an integral
multiple of $100,000 and not less than $100,000, and (ii) the Borrowers shall not terminate or reduce
the Revolving Credit Commitments if, after giving effect to any concurrent prepayment of the Revolving
Loans in accordance with Section 2.09, the sum of the Revolving Credit Exposures would exceed the
aggregate Revolving Credit Commitments.

                              (c)          The Borrowers shall notify the Administrative Agent of any election to terminate or reduce the Revolving
Credit Commitments under paragraph (b) of this Section at least three Business Days prior to
the effective date of such termination or reduction, specifying such election and the effective date
thereof. Promptly following receipt of any notice, the Administrative Agent shall advise the Lenders
of the contents thereof. Each notice delivered by the Borrowers pursuant to this Section shall be
irrevocable. Any termination or reduction of the Revolving Credit Commitments shall be permanent.
Each reduction of the Revolving Credit Commitments shall be made ratably among the Lenders in accordance
with their respective Revolving Credit Commitments.

                              (d)          Concurrently with any reduction of the Revolving Credit Commitments, the Borrowers shall pay such
amount of the outstanding Loans (together with accrued interest on the principal amount to be repaid)
if any, as may be necessary so that after the payment thereof the aggregate unpaid principal amount
of the Loans and the LC Exposures does not exceed the amount of the Revolving Credit Commitments
as so reduced. Any prepayments of Eurodollar Loans required to comply with this Section 2.07(d) shall
be subject to Section 2.14. Without limiting the foregoing, Section 2.09(d) shall apply with equal
force to payments under this Section 2.07(d).

	

30

	              SECTION 2.08.            Repayment of Loans; Evidence of Debt.

                                    (a)          The Borrowers hereby, jointly and severally, unconditionally promise to pay to the Administrative Agent for the account of each Lender the then unpaid principal amount of each Loan, together with any accrued but unpaid interest thereon, on the Maturity Date; such promise of each Borrower to repay each Loan shall apply unconditionally to each Loan irrespective of which Borrower was the Borrower of such Loan.

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

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

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

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

                    SECTION 2.09.            Prepayment of Loans; Mandatory Reduction of Revolving Credit Commitments.

                                  (a)          The Borrowers shall have the right at any time and from time to time to prepay any Borrowing in whole or in part, without premium or penalty, subject, however, to prior notice in accordance with paragraph (b) of this Section and subject to the other applicable terms and provisions hereof, including, without limitation, Section 2.14. The Borrowers shall notify the Administrative Agent by telephone (confirmed by telecopy) of any such prepayment hereunder (i) in the case of prepayment of a Eurodollar Borrowing, not later than 11:00 A.M., New York City time, three Business Days before the date of prepayment, or (ii) in the case of prepayment of an ABR Borrowing, not later than 12:00 noon, New York City time,

	

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on the date of prepayment. Each such notice shall be irrevocable and shall specify the Borrower of
such Borrowing, the prepayment date, and the respective principal amounts of each such Borrowing
(or portion thereof) to be prepaid. 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 Borrowing shall be in an amount that would be permitted in the case of an advance of a Borrowing
of the same Type as provided in Section 2.02. Each such prepayment of a Borrowing shall be applied
ratably to the Loans included in the prepaid Borrowing, shall be applied first to ABR Loans outstanding,
and then to outstanding Eurodollar Loans, subject to Section 2.14. Prepayments shall be accompanied
by accrued interest to the extent required by Section 2.11.

                              (b)          In the event of a prepayment any of the Prudential Notes or any other Prudential Debt, the Borrowers
shall, simultaneously with any such prepayment of the Prudential Notes or any other Prudential Debt,
prepay Loans in an amount which shall be the product of the outstanding Loans and the percentage
(the “Prudential Reduction Percentage”) of the then aggregate outstanding principal of
the Prudential Notes and any other Prudential Debt being paid down. Concurrently therewith, the Revolving
Credit Commitments shall automatically and permanently be reduced by the greater of (x) the principal
amount of Loans so paid or (y) the product of the then aggregate Revolving Credit Commitments and
the Prudential Reduction Percentage.

                              (c)          The Borrowers shall deliver to the Administrative Agent, at the time of each prepayment or reduction
required under Section 2.09(b), a certificate signed by the Chief Financial Officer of the Company
setting forth in reasonable detail the calculation of the amount of any such prepayment or reduction
of the Revolving Credit Commitment under Section 2.09(b). All prepayments of Borrowings under Section
2.09(b) shall be subject to Section 2.14, but shall otherwise be without premium or penalty. All
prepayments of Borrowings under Section 2.09(b) shall be accompanied by accrued interest on the principal
amount being prepaid to but excluding the date of payment. 

                              (d)          Amounts to be applied pursuant to Section 2.09(b) to the prepayment of Loans shall be applied first
to reduce outstanding ABR Loans. Any amounts remaining after each such application and required to
be applied to prepayment pursuant to Section 2.09(b) shall, at the option of the Borrower, be applied
to prepay Eurodollar Loans, immediately and/or shall be deposited in the Prepayment Account (as defined
below). The Administrative Agent shall apply any cash deposited in the Prepayment Account to prepay
Eurodollar Loans on the last day of their respective Interest Periods (or, at the direction of the
Borrowers, on any earlier date) until all outstanding Eurodollar Loans to be prepaid have been prepaid
or until all the allocable cash on deposit with respect to such Loans has been exhausted. For purposes
of this Agreement, “Prepayment Account” shall mean an account established by the Borrowers
with the Administrative Agent and over which the Administrative Agent shall have exclusive dominion
and control, including the exclusive right of withdrawal for application in accordance with this
Section 2.09(d). The Administrative Agent will, at the request of the Borrowers, invest amounts on
deposit in the Prepayment Account in Permitted Investments maturing prior to the last day of the
applicable Interest Periods of the Eurodollar Loans to be prepaid, as the case may be; provided, however, that (i) the Administrative Agent shall not be 

	

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required to make any investment that, in its sole judgment, would require or cause the Administrative
Agent to be in, or would result in any, violation of any law, statute, rule or regulation and (ii)
the Administrative Agent shall have no obligation to invest amounts on deposit in the Prepayment
Account if a Default or an Event of Default shall have occurred and be continuing. The Borrowers
shall, jointly and severally, indemnify the Administrative Agent for any losses relating to the investments
so that the amount available to prepay Eurodollar Loans on the last day of the applicable Interest
Periods is not less than the amount that would have been available had no investments been made pursuant
thereto. Other than any interest earned on such investments, the Prepayment Account shall not bear
interest. Interest or profits, if any, on such investments shall be deposited in the Prepayment Account
and reinvested as specified above. If the maturity of the Loans has been accelerated pursuant to
Article VII, the Administrative Agent may, in its sole discretion, apply all amounts on deposit in
the Prepayment Account to satisfy any of the Obligations. Each Borrower hereby grants to the Administrative
Agent, for its benefit and the benefit of the Issuing Bank and the Lenders, to secure the Obligations,
a security interest in the Prepayment Account. Each prepayment of a Borrowing shall be applied ratably
to the Loans included in the Borrowing.

              SECTION 2.10.                

Fees.

                              (a)          The Borrowers agree, jointly and severally, to pay to the Administrative Agent for the account of
each Lender a facility fee, which shall accrue at the rate of 1/4 of 1% per annum on the daily unused
amount of the Revolving Credit Commitment of such Lender during the period from and including the
Restatement Effective Date to but excluding the date on which such Revolving Credit Commitment terminates.
Accrued facility fees shall be payable in arrears on the last day of March, June, September and December
of each year and on the date on which the Revolving Credit Commitments terminate, commencing on the
first such date to occur after the date hereof. All facility fees shall be computed on the basis
of a year of 360 days and shall be payable for the actual number of days elapsed (including the first
day but excluding the last day).

                              (b)          The Borrowers agree, jointly and severally, to pay (i) to the Administrative Agent for the account
of each Lender a participation fee with respect to its participations in the Letter of Credit, which
shall accrue at a rate of 1% per annum on the average daily amount of such Lender’s LC Exposure
(excluding any portion thereof attributable to unreimbursed LC Disbursements) during the period from
and including the Restatement Effective Date to but excluding the later of the date on which such
Lender’s Revolving Credit Commitment terminates and the date on which such Lender ceases to
have any LC Exposure, and (ii) to the Issuing Bank the Issuing Bank’s standard fees with respect
to the amendment, renewal or extension of the Letter of Credit or processing of drawings thereunder.
Participation fees accrued through and including the last day of March, June, September and December
of each year shall be payable on the third Business Day following such last day, commencing on the
first such date to occur after the Effective Date; provided that all such fees shall be payable on the date on which the Revolving Credit Commitments terminate
and any such fees accruing after the date on which the Revolving Credit Commitments terminate shall
be payable on demand. Any other fees payable to the Issuing Bank pursuant to this paragraph shall
be payable within 10 days after demand. All participation fees shall be computed on the basis of
a year of 360 days and 

	

33

	
shall be payable for the actual number of days elapsed (including the first day but excluding the last
day).

                              (c)          The Borrowers agree, jointly and severally to pay to the Administrative Agent for the account of the
Lenders on the Restatement Effective Date a non-refundable amendment fee of $100,000, which the Lenders
shall share in proportion to their respective shares of the aggregate Revolving Credit Commitments
on such date.

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

              SECTION 2.11.                 

Interest.

                              (a)          The Loans comprising each ABR Borrowing shall bear interest at the Alternate Base Rate plus the
Applicable Rate Margin.

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

                              (c)          Notwithstanding the foregoing, (x) if any principal of or interest on any Loan or any fee or other
amount payable by the Borrowers hereunder is not paid when due, whether at stated maturity, upon
acceleration or otherwise, such overdue amount shall bear interest, after as well as before judgment,
at a rate per annum equal to (i) in the case of overdue principal of any Loan, 2% plus the rate
otherwise applicable to such Loan as provided in the preceding paragraphs of this Section or (ii)
in the case of any other amount, 2% plus the rate applicable to ABR Loans as provided in paragraph
(a) of this Section, and (y) during the continuance of any Event of Default (and prior to the acceleration
of any Loans) any such Loans shall bear additional interest as provided in clause (x) of this Section
2.11(c) as if such Loans were overdue.

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

                              (e)          All interest hereunder shall be computed on the basis of a year of 360 days, except that interest
computed by reference to the Alternate Base Rate at times when the Alternate Base Rate is based on
the Prime Rate shall be computed on the basis of a year of 365 days (or 366 days in a leap year),
and in each case shall be payable for the actual number of days 

	

34

	
elapsed (including the first day but excluding the last day). The applicable Alternate Base Rate, or
Adjusted LIBO Rate or LIBO Rate shall be determined by the Administrative Agent, and such determination
shall be conclusive absent manifest error.

              SECTION 2.12.            Alternate Rate of Interest.

                    If prior to the commencement of any Interest Period for a Eurodollar Borrowing:

                              (a)          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

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

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

              SECTION 2.13.            Increased Costs.

                              (a)          If any Change in Law shall:

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

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

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

	

35

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

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

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

              SECTION 2.14.            Break Funding Payments.

              In the event of (a) the payment of any principal of any Eurodollar Loan other than on the last day
of an Interest Period applicable thereto (including as a result of an Event of Default), (b) the
conversion of any Eurodollar Loan other than on the last day of the Interest Period applicable thereto,
(c) the failure to borrow, convert, continue or prepay any Loan on the date specified in any notice
delivered pursuant hereto, or (d) the assignment of any Eurodollar Loan other than on the last
day of the Interest Period applicable thereto as a result of a request by the Borrowers pursuant
to Section 2.17, then, in any such event, the Borrowers shall compensate each Lender for the
loss, cost and expense attributable to such event. In the case of a Eurodollar Loan, such loss, cost
or expense to any Lender shall be deemed to include an amount determined by such Lender to be the
excess, if any, of (i) the amount of interest which would have accrued on the principal amount of
such Loan had such event not occurred, at the Adjusted LIBO Rate that would have been applicable
to such Loan, for the period from the date of such event to the last day of the then current Interest
Period therefor (or, in the case of a failure to borrow, convert or continue, for the period that
would have been the Interest Period for such Loan), over (ii) the

	

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amount of interest which would accrue on such principal amount for such period at the interest rate
which such Lender would bid were it to bid, at the commencement of such period, for dollar deposits
of a comparable amount and period from other banks in the eurodollar market. A certificate of any
Lender setting forth any amount or amounts that such Lender is entitled to receive pursuant to this
Section shall be delivered to the Borrowers and shall be conclusive absent manifest error. The Borrowers
shall pay such Lender the amount shown as due on any such certificate within 10 days after receipt
thereof.

              SECTION 2.15.            Taxes.

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

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

                              (c)          The Borrowers shall indemnify the Administrative Agent, each Lender and the Issuing Bank, within 10
days after written demand therefor, for the full amount of any Indemnified Taxes or Other Taxes paid
by the Administrative Agent, such Lender or the Issuing Bank, as the case may be, on or with respect
to any payment by or on account of any obligation of the Borrowers 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 Borrowers by a Lender or the Issuing Bank, or by the Administrative Agent on its own behalf
or on behalf of a Lender or the Issuing Bank, shall be conclusive absent manifest error. 

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

                              (e)          Any Foreign Lender that is entitled to an exemption from or reduction of withholding tax under the
law of the jurisdiction in which the Borrowers are located, or any treaty to which such jurisdiction
is a party, with respect to payments under this Agreement shall deliver to the Borrowers (with a
copy to the Administrative Agent), at the time or times prescribed by applicable law, such properly
completed and executed documentation prescribed 

	

37

	
by applicable law or reasonably requested by the Borrowers as will permit such payments to be made
without withholding or at a reduced rate.

                              (f)           If the Administrative Agent or a Lender determines, in its sole discretion, that it has received a
refund of any Taxes or Other Taxes as to which it has been indemnified by the Borrowers or with respect
to which the Borrowers have paid additional amounts pursuant to this Section 2.15, it shall pay over
such refund to the Borrowers (but only to the extent of indemnity payments made, or additional amounts
paid, by the Borrower under this Section 2.15 with respect to the Taxes or Other Taxes giving rise
to such refund), net of all out-of-pocket expenses of the Administrative Agent or such Lender and
without interest (other than any interest paid by the relevant Governmental Authority with respect
to such refund); provided, that the Borrowers, upon the request of the Administrative Agent or such
Lender, agree to repay the amount paid over to the Borrowers (plus any penalties, interest or other
charges imposed by the relevant Governmental Authority) to the Administrative Agent or such Lender
in the event the Administrative Agent or such Lender is required to repay such refund to such Governmental
Authority. This Section shall not be construed to require the Administrative Agent or any Lender
to make available its tax returns (or any other information relating to its taxes which it deems
confidential) to the Borrowers or any other Person.

              SECTION 2.16.            Payments Generally; Pro Rata Treatment; 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 2.13, 2.14, or 2.15,
or otherwise) and under any other Loan Document prior to 12:00 p.m., New York City time, on the date
when due, in immediately available funds, without set-off or counterclaim. Any amounts received after
such time on any date may, in the discretion of the Administrative Agent, be deemed to have been
received on the next succeeding Business Day for purposes of calculating interest thereon. All such
payments shall be made to the Administrative Agent at its offices at 1111 Fannin, Floor 10, Houston,
Texas except payments to be made directly to the Issuing Bank as expressly provided herein and except
that payments pursuant to Sections 2.13, 2.14, or 2.15, and 9.03 shall be made directly to the Persons
entitled thereto. The Administrative Agent shall distribute any such payments received by it for
the account of any other Person to the appropriate recipient promptly following receipt thereof.
If any payment hereunder shall be due on a day that is not a Business Day, the date for payment shall
be extended to the next succeeding Business Day, and, in the case of any payment accruing interest,
interest thereon shall be payable for the period of such extension. All payments hereunder shall be made in dollars.

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

	

38

	
                              (c)          If any Lender shall, by exercising any right of set-off or counterclaim or otherwise (including by
virtue of any security), obtain payment in respect of any principal of or interest on any of its
Loans or participations in LC Disbursements resulting in such Lender’s receiving payment of
a greater proportion of the aggregate amount of its Loans and participations in 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 participations
in 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 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 a Borrower pursuant to and in accordance with the express
terms of this Agreement or any payment obtained by a Lender as consideration for the assignment of
or sale of a participation in any of its Loans or participations in LC Disbursements to any assignee
or participant, other than to a 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.

                              (d)          Unless the Administrative Agent shall have received notice from the Borrowers prior to the date on
which any payment is due to the Administrative Agent for the account of the Lenders or the Issuing
Bank hereunder that the 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 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 the Issuing Bank, as the case may be, severally agrees to repay to the Administrative Agent forthwith
on demand the amount so distributed to such Lender or Issuing Bank with interest thereon, for each
day from and including the date such amount is distributed to it to but excluding the date of payment
to the Administrative Agent, at the greater of the Federal Funds Effective Rate and a rate determined
by the Administrative Agent in accordance with banking industry rules on interbank compensation.

                              (e)          If any Lender shall fail to make any payment required to be made by it pursuant to Section 2.04(e)
or (f), 2.05(b), or paragraph (d) of this Section, or Section 9.03(c), then the Administrative Agent
may, in its discretion (notwithstanding any contrary provision hereof), apply any amounts thereafter
received by the Administrative Agent for the account of such Lender to satisfy such Lender’s
obligations under such Sections until all such unsatisfied obligations are fully paid.

              SECTION 2.17.            Mitigation Obligations; Replacement of Lenders.

                              (a)          If any Lender requests compensation under Section 2.13, or if the Borrowers are required
to pay any additional amount to any Lender or any Governmental 

	

39

	
Authority for the account of any Lender pursuant to Section 2.15, 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 2.13 or 2.15, 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, jointly and severally, 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 2.13, or if the Borrowers are required to pay
any additional amount to any Lender or any Governmental Authority for the account of any Lender pursuant
to Section 2.15, or if any Lender defaults in its obligation to fund Loans hereunder, 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 Administrative Agent (and,
if a Revolving Credit Commitment is being assigned, the Issuing Bank), which consent shall not unreasonably
be withheld, (ii) such Lender shall have received payment of an amount equal to the outstanding principal
of its Loans and participations in LC Disbursements, 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 Borrowers (in the case of all other amounts) and (iii) in
the case of any such assignment resulting from a claim for compensation under Section 2.13 or
payments required to be made pursuant to Section 2.15, 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.

ARTICLE III

  
Representations and Warranties

                    The Borrowers jointly and severally represent and warrant to the Lenders that: 

              SECTION 3.01.            Organization; Powers.

                    Each Credit Party and its Subsidiaries 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 in respect of the Company
and its Subsidiaries, taken as a whole, is qualified to do business in, and is in good standing in,
every jurisdiction where such qualification is required. 

	

40

	
              SECTION 3.02.            Authorization; Enforceability.

                    The Transactions are within the corporate or partnership (as applicable) powers of the Credit Parties
and have been duly authorized by all necessary corporate, partnership (if applicable), and, if required,
stockholder or partner action. This Agreement (as amended and restated as of the Restatement Effective
Date) and each other Loan Document has been duly executed and delivered by each Credit Party that
is a party thereto and constitutes a legal, valid and binding obligation of such Credit Party, enforceable
in accordance with its respective 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; No Defaults.

                    The Transactions (a) do not require any consent or approval of, registration or filing with, or any
other action by, any Governmental Authority, except such as have been obtained or made and are in
full force and effect, (b) will not violate any applicable law or regulation or the charter, by-laws,
certificate of limited partnership, agreement of limited partnership, or other organizational documents
of any Credit Party or any of its Subsidiaries or any order of any Governmental Authority, (c) will
not violate or result in a default under any indenture, agreement or other instrument binding upon
any Credit Party or any of its Subsidiaries or its assets, or give rise to a right thereunder to
require any payment to be made by any Credit Party or any of its Subsidiaries, and (d) will not result
in the creation or imposition of any Lien (except in favor of the Collateral Agent) on any asset
now owned or hereafter acquired of any Credit Party or any of its Subsidiaries. No Credit Party is
in default in any manner under any provision of any indenture or other agreement or instrument evidencing
Indebtedness, or any other material agreement or instrument to which it is a party or by which it
or any of its properties or assets are or may be bound.

              SECTION 3.04.            Financial Condition; No Material Adverse Change.

                              (a)          The Company has heretofore furnished to the Lenders (i) its consolidated balance sheet and statements
of income, stockholders equity and cash flows as of and for the fiscal year ended December 31, 2003,
reported on by KPMG LLP, independent public accountants, and (ii) consolidating balance sheets of
the Company and its Subsidiaries setting forth such information separately for the Company and each
Subsidiary thereof and related consolidating statements of operations for the Company and its Subsidiaries
setting forth such information separately for the Company and each Subsidiary thereof as of and for
the fiscal year ending December 31, 2003, and including in comparative form the figures for the preceding
fiscal year, 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 of its Subsidiaries as of such dates and for such periods in accordance with GAAP.

                              (b)          Since December 31, 2003, there has been no material adverse change in the business, assets, operations,
prospects or condition, financial or otherwise, of any Credit Party. Except as disclosed on Schedules 3.04 or 6.04 annexed hereto and as complete and correct as of the Restatement Effective Date, the Credit Parties
have no liabilities, contingent or 

	

41

	
otherwise, not disclosed on the financial statements referred to in Section 3.04, other than in respect
of goods and services arising in the ordinary course of business.

              SECTION 3.05.                 

Properties.

                              (a)          Each Credit Party and its Subsidiaries has good and marketable title (free of Liens except such
as are set forth on Schedule 3.05 annexed hereto (and as complete and correct as of the Restatement Effective Date) or are otherwise
Permitted Liens) to, or valid leasehold interests in, all its real and personal property material
to its business, except for minor defects in title that do not interfere with its ability to conduct
its business as currently conducted or to utilize such properties for their intended purposes. No
Credit Party is a party to any contract, agreement, lease or instrument (other than the Loan Documents)
the performance of which, either unconditionally or upon the happening of any event, will result
in or require the creation of a Lien (except in favor of the Collateral Agent) on any of its property
or assets (now owned or hereafter acquired) or otherwise result in a violation of any Loan Documents.

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

              SECTION 3.06.            Litigation and Environmental Matters.

                              (a)          Except as disclosed on Schedule 3.06 annexed hereto, there are no actions, suits or proceedings by or before any arbitrator or Governmental
Authority pending against or, to the knowledge of any Borrower, threatened against or affecting any
Credit Party or any of its Subsidiaries (i) which, if adversely determined, could reasonably
be expected, individually or in the aggregate, to result in a Material Adverse Effect or (ii) that
involve this Agreement or the Transactions.

                              (b)          Except as set forth in Schedule 3.06, 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, neither any Credit Party nor any of its Subsidiaries
(i) has failed to comply with any Environmental Law or to obtain, maintain or comply with any
permit, license or other approval required under any Environmental Law, (ii) has become subject
to any Environmental Liability, (iii) has received notice of any claim with respect to any Environmental
Liability or (iv) knows of any basis for any Environmental Liability.

                              (c)          Since December 31, 2003, there has been no change in the status of the matters disclosed on Schedule
3.06 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 Credit Party and its Subsidiaries is in compliance with all laws, regulations and orders of any
Governmental Authority applicable to it or its property and all indentures, 

	

42

	
agreements and other instruments binding upon it or its property, except where the failure to do so,
individually or in the aggregate, could not reasonably be expected to result in a Material Adverse
Effect. No Default has occurred and is continuing.

              SECTION 3.08.            Investment and Holding Company Status; Margin Regulations.

                    No Credit Party nor any of its Subsidiaries is (a) an “investment company” as defined
in, or subject to regulation under, the Investment Company Act of 1940 or (b) a “holding
company” as defined in, or subject to regulation under, the Public Utility Holding Company
Act of 1935. No Credit Party is engaged principally, or as one of its important activities, in the
business of extending credit for the purpose of purchasing or carrying any margin stock (within the
meaning of Regulation U of the Board). No part of the proceeds of any Loan or of a Letter of Credit
will be used, directly or indirectly and whether immediately, incidentally or ultimately, for any
purpose which entails a violation of or which is inconsistent with, the provisions of the regulations
of the Board, including, without limitation, Regulation G, T, U or X thereof.

              SECTION 3.09.                 

Taxes.

                    Each Credit Party and its Subsidiaries has timely filed or caused to be filed all Tax returns and reports
required to have been filed and has paid or caused to be paid all Taxes required to have been paid
by it, except Taxes (i) the amount of which is in the aggregate not Material, or (ii) that are being
contested in good faith by appropriate proceedings and for which such Credit Party or such Subsidiary,
as applicable, has set aside on its books adequate reserves.

              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 $250,000 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 $350,000 the fair market
value of the assets of all such underfunded Plans.

              SECTION 3.11.                 

Subsidiaries.

                    The direct and indirect Subsidiaries of the Company, including, without limitation, all Subsidiaries
of each Borrower, and their respective business forms, jurisdictions of organization, addresses,
and respective equity owners, are set forth on Schedule 3.11A (as complete and correct as of the Restatement Effective Date). Except as so disclosed on Schedule 3.11A, no Credit Party has any direct or indirect Subsidiaries or investments in, or joint ventures or partnerships
with, any Person as of the Effective Date. As of the Restatement Effective Date, the Persons listed
on Schedule 3.11B hereto (as complete and correct as of the Restatement 

	

43

	
Effective Date) are the only Subsidiaries of the Company other than the Borrowers and Inactive Subsidiaries.

              SECTION 3.12.                 

SEC Matters.

                    The Company is current in all required disclosure and otherwise in compliance in all respects with
applicable federal and state securities laws and/or rules and regulations of the Securities and Exchange
Commission, and with applicable state securities laws and/or rules and regulations of state securities
authorities and of any stock exchanges or other self regulatory organizations having jurisdiction
of the Company and/or its securities.

              SECTION 3.13.                 

Labor Matters.

                    Except as set forth on Schedule 3.13, there are no strikes or other material labor disputes or grievances pending or, to the knowledge
of either Borrower, threatened, against any Credit Party. Except as set forth on Schedule 3.13 hereto, no Credit Party is a party to any collective bargaining agreement.

              SECTION 3.14.                 

Solvency.

                    On the Restatement Effective Date, including with respect to any Credit Party which is a Guarantor
any rights of contribution of such Credit Party, (i) the fair saleable value of the assets of the
Credit Parties and their Subsidiaries, in the aggregate, will exceed the amount that will be required
to be paid on or in respect of the existing debts and other liabilities (including contingent liabilities)
of the Credit Parties and their Subsidiaries as they mature, (ii) the assets of each Credit Party
and its Subsidiaries will not constitute unreasonably small capital to carry out their businesses
as conducted or as proposed to be conducted, including the capital needs of such Credit Party and
its Subsidiaries (taking into account the particular capital requirements of the businesses conducted
by such entities and the projected capital requirements and capital availability of such businesses)
and (iii) the Credit Parties do not intend to, or intend to permit any of their Subsidiaries to,
and do not believe that they or any of their Subsidiaries will, incur debts beyond their ability
to pay such debts as they mature (taking into account the timing and amounts of cash to be received
by them and the amounts to be payable on or in respect of their obligations).

              SECTION 3.15.            Security Documents.

                    The Pledge Agreement, upon execution and delivery by the parties thereto, will create (and continue)
in favor of the Collateral Agent, for the ratable benefit of the Secured Parties (as such term is
defined in the Pledge Agreement), a legal, valid and enforceable security interest in the Collateral
(as such term is defined in the Pledge Agreement) and, when (i) such Collateral consisting of corporate
stock is delivered to the Collateral Agent (or to the extent it has heretofore been delivered under
the Existing Credit Agreement) together with duly executed, undated instruments of transfer, and
(ii) financing statements in appropriate form in respect of limited partnership interests constituting
Collateral thereunder are (or have heretofore been) filed in the offices specified therein, the Pledge
Agreement and the Lien created (and continued) thereunder will continue to constitute a fully perfected
first priority Lien on, and security interest 

	

44

	
in such Collateral, in each case prior and superior in right to any other Person except for the Lien
of Prudential under the Prudential Pledge and Security Agreement.

              SECTION 3.16.            Restrictive Agreements.

                    No Credit Party nor any Subsidiary thereof is a party to any agreement or other arrangement that prohibits,
restricts or imposes any condition upon (a) the ability of such Credit Party or Subsidiary to create,
incur or permit to exist any Lien upon any of its property or assets, or (b) the ability of any Credit
Party or Subsidiary to pay dividends or other distributions with respect to any shares of its capital
stock or other equity interests; other than (i) restrictions and conditions imposed by law or by
this Agreement and (ii) restrictions and conditions existing on the date hereof identified on Schedule 3.16.

              SECTION 3.17.                 

Disclosure.

                    The Borrowers have disclosed to the Lenders all agreements, instruments and corporate or other restrictions
to which each Credit Party or any of its Subsidiaries is subject, and all other matters known to
it, that, individually or in the aggregate, could reasonably be expected to result in a Material
Adverse Effect. None of the reports, financial statements, certificates or other information furnished
by or on behalf of the Borrowers or any other Credit Party to the Administrative Agent or any Lender
in connection with the negotiation of this Agreement or any other Loan Document (or the restatement
and amendment of this Agreement as of the Restatement Effective Date) or delivered hereunder or thereunder
(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.

ARTICLE IV

  
Conditions

              SECTION 4.01.            Restatement Effective Date.

                    The obligations of the Lenders to make Loans hereunder 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)          The Administrative Agent (or its counsel) shall have received from each party hereto either (i) a
counterpart of this Agreement signed on behalf of such party or (ii) written evidence satisfactory
to the Administrative Agent (which may include telecopy transmission of a signed signature page of
this Agreement) that such party has signed a counterpart of this Agreement. The Administrative Agent
shall have received (i) from each person listed on Schedule 1.01-2 hereto, a duly executed counterpart of the Amended and Restated Guarantee Agreement in the form of
Exhibit 4.01-1 hereto (as it may be supplemented, amended or modified from time to time, a “Subsidiary Guarantee”);
(ii) from the Company, a duly executed Amended and Restated Guarantee Agreement in the form of Exhibit 4.01-2 hereto (as it may be supplemented, amended, or modified from time to time, the “Company Guarantee”;

	

45

	
together with each Subsidiary Guarantee, a “Guarantee Agreement”); and (iii) from each Credit
Party, a duly executed counterpart of the Amended and Restated Subordination Agreement in the form
of Exhibit 4.01-3 hereto (as it may be supplemented, amended or modified from time to time, the “Subordination
Agreement”). The Collateral Agent shall have received from each Credit Party other than those
that are limited partnerships or limited liability companies, the duly executed Amended and Restated
Pledge and Security Agreement in the form of Exhibit 4.01-4 hereto (as it may be supplemented, amended, or modified from time to time, the “Pledge Agreement”)
together with (x) certificates representing the corporate securities pledged thereunder together
with related undated stock powers endorsed in blank, (y) Form UCC-1 financing statements in respect
of all partnership interests and limited liability company interests in which a security interest
is granted thereunder, and (z) instruments of consent, waiver, and recognition in the form of Exhibit 2.01 to the Pledge Agreement duly executed by each Credit Party that is (A) a partnership and by each partner
therein and (B) a limited liability company and by each member thereof.

                              (b)          The Administrative Agent shall have received a favorable written opinion (addressed to the Administrative
Agent, the Collateral Agent, and the Lenders and dated the Restatement Effective Date) of Phillips
Nizer LLP, counsel for the Credit Parties, substantially in the form of Exhibit B-1 and Squire, Sanders & Dempsey LLP, special Ohio Counsel to Kinro substantially in the form of
Exhibit B-2, covering such matters relating to the Credit Parties, this Agreement, the other Loan Documents or
the Transactions as the Required Lenders shall reasonably request. The Borrowers hereby request such
counsels to deliver such opinion.

                              (c)          The Administrative Agent shall have received (i) a copy of the certificate of incorporation, including
all amendments thereto, of each Credit Party that is a corporation, a copy of the certificate of
limited partnership of each Credit Party that is a limited partnership, in each case certified as
of a recent date by the Secretary of State of the state of its organization, and a copy of the Certificate
of formation of each Credit Party that is a limited liability company (ii) a certificate as to the
good standing of each Credit Party as of a recent date, from the Secretary of State of the state
of its organization; (iii) a certificate of the Secretary or Assistant Secretary of each Borrower
and each Guarantor, or of the managing general partner of each Guarantor that is a limited partnership
or limited liability company, as the case may be, dated the Restatement Effective Date and certifying
(A) that attached thereto is a true and complete copy of the by-laws of such Borrower or such Guarantor
or, in the case of a Guarantor that is a limited partnership, its agreement of limited partnership,
or, in the case of a Guarantor that is a limited liability company, its operating agreement as in
effect on the Restatement Effective Date and at all times since a date prior to the date of the resolutions
described in clause (B) below, (B) that attached thereto is a true and complete copy of resolutions
duly adopted by the Board of Directors of such Borrower or such Guarantor (or, in the case of a Guarantor
that is (x) a limited partnership, by the Board of Directors of its managing general partner or (B)
a limited liability company, by its managing member), authorizing the execution, delivery and performance
of the Loan Documents and (in the case of each Borrower) the borrowings hereunder, and that such
resolutions have not been modified, rescinded or amended and are in full force and effect as of the
Restatement Effective Date, (C) that the certificate of incorporation of the Borrower or such Guarantor,
or, in the case of a Guarantor that is (x) a limited partnership, 

	

46

	
its certificate of limited partnership, or (B) a limited liability company, its certificate of formation,
has not been amended since the date of the last amendment thereto shown on the certificate of good
standing furnished pursuant to clause (ii) above and (D) as to the incumbency and specimen signature
of each officer executing any Loan Document or any other document delivered in connection herewith
on behalf of such Borrower or such Guarantor (or the managing general partner of such Guarantor which
is a limited partnership or the managing member of such Guarantor that is a limited liability company);
(iii) a certificate of another officer as to the incumbency and specimen signature of the Secretary
or Assistant Secretary executing the certificate pursuant to (ii) above; and (iv) such other documents
as the Lenders or their counsel or counsel for the Administrative Agent and the Collateral Agent
may reasonably request.

                              (d)          Each Lender requesting the same shall have received a duly executed Revolving Credit Note (each, a
“Revolving Credit Note”, which term shall also include all amendments and replacements
thereof or substitutions therefor), in the form of Exhibit 4.01-5 hereto.

                              (e)          Concurrently with the consummation of the transactions contemplated hereby on the Restatement Effective
Date:

                                             (i)           (x) the Note Purchase and Private Shelf Agreement between Prudential (and Prudential affiliates, as
defined therein, which become bound by the provisions thereof) and the Borrowers (the “Prudential
Shelf Agreement”) shall have closed, and (y) the Administrative Agent shall have received a
copy of the Prudential Shelf Agreement and of (A) the Company guaranty of the Prudential Shelf Agreement
(the “Prudential Company Guaranty”), (B) the guaranty by the Company’s Subsidiaries
(other than the Borrowers and LCC) of the Prudential Shelf Agreement (the Prudential Subsidiary Guaranty”),
(C) the pledge and security agreement by the Company and certain of the Credit Parties securing the
Prudential Shelf Agreement (the “Prudential Pledge and Security Agreement”) and (D) the
subordination agreement in favor of Prudential by the Credit Parties (the “Prudential Subordination
Agreement”) or agreements or any of them referred to therein, certified as true, correct and
complete by the President, a Vice President or a Financial Officer of the Company;

                                             (ii)          the Intercreditor agreement between Prudential, the Trustee, the Administrative Agent, the Collateral
Agent and the Lenders (the “Prudential Intercreditor Agreement”) shall have been executed
and delivered by all parties thereto; and

                                             (iii)         the Borrowers shall have repaid in full the principal of all loans outstanding, and other fees amounts
due under, the Existing Credit Agreement and under each agreement related thereto, and the Administrative
Agent shall have received duly executed documentation either evidencing or necessary for (A) the
termination of the Existing Credit Agreement and each other agreement related thereto, and (B) the
cancellation of all commitments thereunder.

                              (f)           After giving effect to the Transactions, on the Restatement Effective Date, the Credit Parties shall
have no Indebtedness other than (i) Indebtedness under the Loan Documents and (ii) Indebtedness permitted
under Section 6.04.

	

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                              (g)          On the Restatement Effective Date, the Administrative Agent shall have received a certificate of the
chief executive officer of the Company containing a description, satisfactory to the Administrative
Agent in its discretion, of the structure of ownership and voting relationships among the Company,
the Borrowers, and each other Credit Party.

                              (h)          On the Restatement Effective Date, immediately prior to the effectiveness hereof, there shall be no
Default or Event of Default (as such terms are used in the Existing Credit Agreement) under the Existing
Credit Agreement, and the respective chief executive officers of the Company and of each Borrower
shall have delivered to the Bank certificates to such effect.

                              (i)           All legal matters incident to this Agreement and the Borrowing hereunder shall be satisfactory to
the Lenders and their counsel and to counsel for the Administrative Agent, and the Collateral Agent
on the Restatement Effective Date.

                              (j)           The Administrative Agent shall have received a certificate, dated the Restatement Effective Date and
signed by the President, a Vice President or a Financial Officer of each Borrower, confirming compliance
with the conditions set forth in paragraphs (a) and (b) of Section 4.02.

                              (k)          The Lenders shall be satisfied that the consummation of the Transactions will not (i) violate any
applicable law, statute, rule or regulation or (ii) conflict with, or result in a default or event
of default under any material agreement of any Credit Party or Subsidiary thereof.

                              (l)           The Administrative Agent shall have received all fees and other amounts due and payable on or prior
to the Restatement Effective Date, including, to the extent invoiced, reimbursement or payment of
all expenses required to be reimbursed or paid by the Borrowers hereunder.

The Administrative Agent shall notify the Borrowers and the Lenders of the Restatement Effective Date,
and such notice shall be conclusive and binding. Notwithstanding the foregoing, the obligations of
the Lenders to make Loans hereunder shall not become effective unless each of the foregoing conditions
is satisfied (or waived pursuant to Section 9.02) at or prior to 3:00 p.m., New York City time, on
February __, 2005 (and, in the event such conditions are not so satisfied or waived, the Revolving
Credit Commitments shall terminate at such time).

              SECTION 4.02.            Each Credit Event.

                    The obligation of each Lender to make a Loan on the occasion of any Borrowing, or to continue or convert
any Loan, 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 on and as of the date of such Borrowing or the date of such continuation or conversion, as
applicable.

	

48

	
                              (b)          At the time of and immediately after giving effect to such Borrowing or such continuation or conversion,
as applicable, no Default shall have occurred and be continuing.

Each Borrowing and each continuation or conversion of any Loan shall be deemed to constitute a representation
and warranty by the Borrowers on the date thereof as to the matters specified in paragraphs (a) and
(b) of this Section.

ARTICLE V

  
Affirmative Covenants

                    Until the Revolving Credit 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 the Letter of Credit
shall have expired or terminated and all LC Disbursements shall have been reimbursed, the Borrowers
covenant and agree, jointly and severally, with the Lenders that:

              SECTION 5.01.            Financial Statements and Other Information.

                    The Borrowers will furnish to the Administrative Agent and each Lender:

                              (a)          within 90 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 KPMG LLP or other independent public accountants of recognized
national standing (without a “going concern” or like qualification or exception and without
any qualification or exception as to the scope of such audit) to the effect that such consolidated
financial statements present fairly in all material respects the financial condition and results
of operations of the Company and its consolidated Subsidiaries on a consolidated basis in accordance
with GAAP consistently applied, and (ii) consolidating balance sheets setting forth such information
separately for the Company and for each Borrower as of the end of such fiscal year and consolidating
statements of operations setting forth such information separately for the Company and for each Borrower
for such fiscal year, such consolidating balance sheet and consolidating statements of operations
to be certified by the chief financial officer of the Company as fairly presenting the financial
condition and results of operations of the Company and each Borrower as of the end of, and for, such
fiscal period in accordance with GAAP;

                              (b)          within 45 days after the end of each of the first three fiscal quarters of each fiscal year of
the Company, (i) its consolidated balance sheet and related statements of operations, stockholders’
equity and cash flows as of the end of and for such fiscal quarter (except in the case of the
statements of stockholders’ equity and cash flows) and the then elapsed portion of the fiscal
year, setting forth in each case (except in the case of stockholders’ equity) 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 

	

49

	
accordance with GAAP consistently applied, subject to normal year-end audit adjustments and the
absence of footnotes, and (ii) consolidating balance sheets of the Company and of each Borrower setting
forth such information separately for the Company and for each Borrower and related consolidating
statements of operations of the Company and of each Borrower setting forth such information separately
for the Company and each Borrower as of the end of and for such 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 sheets, as of the end of) the previous fiscal
year, all of which shall be certified by the chief financial officer of the Company as fairly presenting
the financial condition and results of operations therein shown in accordance with GAAP consistently
applied subject to normal year-end adjustments and the absence of footnotes;

                              (c)          concurrently with any delivery of financial statements under clause (a) or (b) above, a
certificate of a Financial Officer of the Company (i) certifying as to whether a Default has
occurred and, if a Default has occurred, specifying the details thereof and any action taken or proposed
to be taken with respect thereto, (ii) setting forth reasonably detailed calculations demonstrating
compliance with Sections 6.03, 6.04, 6.06, 6.07, 6.08, 6.10A and 6.11 and (iii) stating whether
any change in the application of GAAP in respect of the audited financial statements referred to
in Section 3.04 has occurred and, if any such change has occurred, specifying the effect of
such change on the financial statements accompanying such certificate;

                              (d)          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), and promptly after receipt
by the Company, a copy of each management letter (if prepared) of such accounting firm (together
with any response thereto prepared by the Company); 

                              (e)          promptly (i) after the same become publicly available, copies of all periodic and other reports, proxy
statements and other materials filed by the Company or any Subsidiary thereof 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 the Company to its
shareholders generally, as the case may be; and (ii) copies of any documents and information
furnished to any other government agency (except if in the ordinary course of business), including
the Internal Revenue Service;

                              (f)           promptly, a copy of any amendment or waiver of any provision of any agreement or instrument referred
to in Section 6.12; 

                              (g)          promptly, a copy of any promissory notes issued under the Prudential Shelf Agreement (or a summary
of any extension of credit thereunder or pursuant thereto not evidenced by a promissory note) and
a copy of any certificate or notice given by any Credit Party to Prudential or to the holders of
any Prudential Notes or other Prudential Debt, or received by any Credit Party from Prudential or
any holder of a Prudential Note or other Prudential Debt; and

	

50

	
                              (h)          promptly following any request therefor, such other information regarding the operations, business
affairs and financial condition of each Credit Party or any Subsidiary thereof, or compliance
with the terms of this Agreement or the other Loan Documents, as the Administrative Agent, the Collateral
Agent, or any Lender may reasonably request.

              SECTION 5.02.            Notices of Certain Events.

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

                              (a)          the occurrence of any Default;

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

                              (c)          the occurrence of any ERISA Event that, alone or together with any other ERISA Events that have occurred,
could reasonably be expected to result in liability of any Credit Party and its Subsidiaries in an
aggregate amount exceeding $250,000; and

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

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

              SECTION 5.03.            Existence; Conduct of Business.

                    Each Credit Party will, and will cause each of its Subsidiaries to, do or cause to be done all things
necessary to preserve, renew and keep in full force and effect its legal existence and the rights,
licenses, permits, privileges and franchises material to the conduct of its business; provided that the foregoing shall not prohibit any merger, consolidation, liquidation or dissolution permitted
under Section 6.03.

              SECTION 5.04.            Payment of Obligations.

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

	

51

	
adequately bonded before it might become a Lien upon any property or asset of such Credit Party or
Subsidiary.

              SECTION 5.05.            Maintenance of Properties; Insurance.

                    Each Credit Party will, and will cause each of its Subsidiaries to, (a) keep and maintain all
property material to the conduct of its business in good working order and condition, ordinary wear
and tear excepted, and (b) maintain, with financially sound and reputable insurance companies,
insurance in such amounts and against such risks as are customarily maintained by companies engaged
in the same or similar businesses operating in the same or similar locations, including, without
limitation, insurance against fire, and public liability insurance against such risks and in such
amounts, and having such deductible amounts as are customary, with companies in the same or similar
businesses and which is no less than may be required by law.

              SECTION 5.06.            Books and Records; Inspection Rights.

                    Each Credit Party will, and will cause each of its Subsidiaries to, keep proper books of record and
account in which full, true and correct entries are made of all dealings and transactions in relation
to its business and activities. Each Credit Party will, and will cause each of its Subsidiaries to,
permit any representatives designated by the Administrative Agent, the Collateral Agent, or any Lender,
upon reasonable prior notice, to visit and inspect its properties, to examine and make extracts from
its books and records, and to discuss its affairs, finances and condition with its officers and independent
accountants, and to verify the status of any Collateral, all at such reasonable times and as often
as reasonably requested.

              SECTION 5.07.            Compliance with Laws; Environmental Laws.

                              (a)          Each Credit Party will, and will cause each of its Subsidiaries to, comply with all laws, rules, regulations
and orders of any Governmental Authority 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.

                              (b)          Without limiting the preceding paragraph, each Credit Party will, and will cause each of its Subsidiaries
to (i) comply in all material respects with, and use reasonable best efforts to ensure compliance
in all material respects by all tenants and subtenants, if any, with, all applicable Environmental
Laws; and (ii) conduct and complete (or cause to be conducted and completed) all investigations,
studies, sampling and testing, and all remedial, removal and other actions required under Environmental
Laws and in a timely fashion comply in all material respects with all lawful orders and directives
of all Governmental Authorities regarding Environmental Laws except to the extent that the same are
being contested in good faith by appropriate proceedings and the pendency of such proceedings could
not be reasonably expected to have a Material Adverse Effect;

              SECTION 5.08.            Use of Proceeds and Letters of Credit.

                    The proceeds of the Revolving Loans will be used to repay the indebtedness of the Borrowers under the
Existing Credit Agreement, for permitted capital expenditures, for permitted 

	

52

	
acquisitions, and for working capital purposes. No part of the proceeds of any Loan will be used, whether
directly or indirectly, for any purpose that entails a violation of any of the Regulations of the
Board, including Regulations G, U and X. The Letters of Credit will be used only to support
payment (and/or guarantee) obligations of the Borrowers to the beneficiaries thereof.

              SECTION 5.09.            Additional Guarantors; Additional Collateral; Additional Parties to Subordination Agreement.

                    If any Person (a) after the Restatement Effective Date becomes (whether upon its formation, by
acquisition of stock or other interests therein, or otherwise) a Subsidiary of any Credit Party (a
“New Subsidiary”), or (b) that was an Inactive Subsidiary of a Credit Party ceases
to be an Inactive Subsidiary of a Credit Party but continues to be a Subsidiary thereof, the Borrowers
shall promptly furnish notice in writing of such facts to the Administrative Agent and, if the Administrative
Agent and the Required Lenders, shall so elect (but provided that if the Trustee or any of the holders
of the Senior Notes or Prudential or any of the holders of any Prudential Notes or other Prudential
Debt shall receive any guaranty or security in respect of such New Subsidiary the Administrative Agent
and the Required Lenders, shall be deemed to have so elected) (i) cause such New Subsidiary
or formerly Inactive Subsidiary to become a Guarantor pursuant to an instrument in form, scope, and
substance satisfactory to the Administrative Agent, (ii) deliver or cause to be delivered, or
assign, to the Collateral Agent (x) subject to the Lien in favor of the Collateral Agent under
the Pledge Agreement, the certificates representing shares of stock or other interests of the New
Subsidiary or formerly Inactive Subsidiary owned by a Credit Party (or Subsidiary thereof), together
with appropriate instruments of transfer required under the Pledge Agreement, and (y) an amendment
to the Pledge Agreement, reflecting the foregoing in the form thereof prescribed under the Pledge
Agreement; and (iii) cause such New Subsidiary or formerly Inactive Subsidiary to become a party
to the Security Documents pursuant to one or more instruments or agreements satisfactory in form
and substance to the Collateral Agent, the effect of which shall be to secure the Obligations by
a first priority Lien on and security interest in (which Lien and security interest may be pari passu with a like Lien and security interest in the Trustee for the holders of any Prudential Notes or other
Prudential Debt)the capital stock of such New Subsidiary or formerly Inactive Subsidiary, provided, however, that in any event, prior to the time that any New Subsidiary or formerly Inactive Subsidiary receives
the proceeds of, or makes, any loan or advance or other extension of credit, from or to, or otherwise
becomes the obligor or obligee in respect of any Indebtedness of, any Credit Party or Subsidiary
thereof, the Borrowers shall (A) cause to be taken, in respect of any such obligor, the action referred
to in the preceding clauses (i), (ii), and (iii), and (B) in the case of any such obligee, cause
such obligee to become a party to the Subordination Agreement pursuant to one or more instruments
or agreements satisfactory in form and substance to the Administrative Agent. Notwithstanding the
foregoing, LCC shall not be required to become a Guarantor and not more than sixty (60%) percent
of its stock shall be required to be pledged to the Collateral Agent as Collateral so long as (i)
(x) LCC shall not be a guarantor of any of the Prudential Notes or any other Prudential Debt or of
any other obligation of another Credit Party and (y) not more than 60 percent (60%) of its capital
stock shall have been pledged as collateral for any of the Prudential Notes or other Prudential Debt
or any other obligation of any other Credit Party, and (ii) Treas. Reg. Sec. 1.956-2(c) would require
inclusion of the earnings and profits of LCC in the earnings of Lippert for United States income
tax purposes if LCC were a Guarantor or if a percentage equal to or greater 

	

53

	
than 66-2/3 percent (66-2/3%) of its outstanding capital stock were pledged as collateral for any obligation
of the Borrowers.

              SECTION 5.10.            Further Assurances.

                              (a)          Each Credit Party will, and will cause its Subsidiaries to, execute any and all further documents,
financing statements, agreements and instruments, and take all further action (including, without
limitation, filing Uniform Commercial Code and other financing statements and the establishment of
and deposit of Collateral into custody accounts) that may be required under applicable law, or that
the Required Lenders, the Administrative Agent, or the Collateral Agent, may request, in order to
effectuate the transactions contemplated by the Loan Documents and in order to grant, preserve, protect
and perfect the validity and first priority of the security interests created or intended to be created
by the Security Documents, it being understood that it is the intent of the parties that the Obligations
shall be secured by, among other things, all the interests of each Borrower in each Subsidiary or
Affiliate and of each Guarantor (other than the Company) in each Subsidiary or Affiliate, including
any such interests acquired subsequent to the Restatement Effective Date. Such security interests
and Liens will be created under the Security Documents and other security agreements, and other instruments
and documents in form and substance satisfactory to the Required Lenders, and the Borrowers shall
deliver or cause to be delivered to the Lenders all such instruments and documents (including legal
opinions, and lien searches) as the Required Lenders shall reasonably request to evidence compliance
with this Section 5.10. The Borrowers agree to provide such evidence as the Required Lenders shall
reasonably request as to the perfection and priority status of each such security interest and Lien
(which Lien and security interest may be coordinate with a like Lien in Prudential for the benefit
of the Prudential Notes or any other Prudential Debt).

              SECTION 5.11.                 

Succession Plan. 

                    The Company shall at all times have and keep in effect a succession plan for its principal officers
which has been approved by its Board of Directors and shall furnish to the Administrative Agent upon
request from time to time for delivery to the Lenders a copy of the same, provided that such plan
shall be kept confidential by the Administrative Agent and the Lenders in accordance with Section
9.12 hereof.

ARTICLE VI

  
Negative Covenants

                    Until the Revolving Credit Commitments have expired or terminated and the principal of and interest
on each Loan and all fees payable hereunder have been paid in full and the Letters of Credit shall
have expired or terminated and all LC Disbursements shall have been reimbursed, the Borrowers covenant
and agree, jointly and severally, with the Lenders that:

              SECTION 6.01.            Transactions with Affiliates.

                    Except as set forth on Schedule 6.01 annexed hereto, each Borrower shall not, and shall not permit any other Credit Party or any of its
or their Subsidiaries to, enter into, directly or 

	

54

	
indirectly, any transaction or Material group of related transactions (including, without limitation,
the purchase, lease, sale or exchange of assets of any kind or the rendering of any service) with
any Affiliate (other than another Credit Party or a Wholly-Owned Subsidiary), except in the ordinary
course and pursuant to the reasonable requirements of such Borrower’s or such other Credit Party’s
business and upon fair and reasonable terms no less favorable to such Borrower or such other Credit
Party than would be obtainable in a comparable arm’s-length transaction with a Person not an
Affiliate.

              SECTION 6.02.            Merger, Consolidation, etc.

                    Each Borrower shall not, and shall not permit any other Credit Party or any of its or their Subsidiaries
to, consolidate with or merge with any other corporation or convey, transfer or lease substantially
all of its assets in a single transaction or series of transactions to any Person unless: (i)
such merger, consolidation, conveyance, transfer, or lease is with or to another Credit Party, provided, that neither the Company nor any Borrower may sell or otherwise transfer substantially all of its assets
to any Person or fail to survive any such merger or consolidation related to it; (ii) (a) the successor
formed by such consolidation or the survivor of such merger or the Person that acquires by conveyance,
transfer or lease substantially all of the assets of any Credit Party or any of its Subsidiaries,
as the case may be, shall be a solvent corporation organized and existing under the laws of the United
States or any State thereof (including the District of Columbia), and, if such Credit Party or such
Subsidiary is not such corporation, (b) such corporation shall have executed and delivered to the
Administrative Agent its assumption of the obligations due and punctual performance and observance
of each covenant and condition of this Agreement and the other Loan Documents, and (c) shall have
caused to be delivered to the Administrative Agent an opinion of nationally recognized independent
counsel, or other independent counsel reasonably satisfactory to the Administrative Agent, to the
effect that all agreements or instruments effecting such assumption are enforceable in accordance
with their terms and comply with the terms hereof; (iii) immediately prior to such transaction and
after giving effect thereto, no Default or Event of Default shall have occurred and be continuing;
and (iv) immediately prior to such transaction and after giving effect thereto, each Borrower would
be permitted by the provisions of Section 6.04(d) hereof to incur at least $1.00 of additional Indebtedness.

No such conveyance, transfer or lease of substantially all of the assets of any Credit Party or any
of its Subsidiaries shall have the effect of releasing such Credit Party or its Subsidiaries or any
successor corporation that shall theretofore have become such in the manner prescribed in this Section
6.02 from its liability under this Agreement, the Notes, or the other Loan Documents to which it
is a party.

No such conveyance, transfer or lease otherwise permitted under this Section 6.02 shall be permissible
if it would result in a violation of Article VII (m) hereof.

              SECTION 6.03.                 

Liens.

                    No Borrower shall, nor shall it permit any other Credit Party or any of its or their Subsidiaries to,
incur, assume or suffer to exist any Lien upon any of its assets now or hereafter owned, or upon
the income or profits thereof, other than Permitted Liens. In any case wherein 

	

55

	
any such assets are subjected or become subject to a Lien in violation of this Section 6.03, the Borrowers
will make or cause to be made provision whereby the Obligations will be secured equally and ratably
with all obligations secured by such Lien, and in any case the Notes shall have the benefit, to the
full extent that, and with such priority as the holders may be entitled under applicable law, of
an equitable Lien on such assets securing (in the manner as aforesaid) the Notes and such other obligations;
provided, however, that any Lien created, incurred or suffered to exist in violation of this Section 6.03 shall constitute
an Event of Default hereunder, whether or not any such provision is made pursuant to this Section
6.03. In no event shall a Lien be granted by any Credit Party in respect of any of its property to
the Trustee for the benefit of any holders of the Prudential Notes or any other Prudential Debt unless
concurrently therewith a Lien of equal priority (and on the same property) is granted to the Collateral
Agent for the benefit of the Lenders. 

              SECTION 6.04.                 

Indebtedness.

                    The Company and the Borrowers will not, nor will the Company or any of the Borrowers permit, any of
its or their direct or indirect Subsidiaries, directly or indirectly, to create, incur, assume or
permit to exist any Indebtedness, except:

                              (a)          Indebtedness created hereunder or under the other Loan Documents; 

                              (b)          Indebtedness of a Credit Party in respect of any of the Prudential Notes or any other Prudential Debt
or otherwise pursuant to the Prudential Shelf Agreement not in excess of the lesser of (x) $60,000,000
or (y) the lowest outstanding principal balance from time to time in accordance with the schedule
of payments therein, provided, however, that the Credit Parties shall not prepay all or in part the
Prudential Notes or any of them or any other Prudential Debt except as specifically required under
the Prudential Shelf Agreement (but solely as in effect as of the date hereof and without reference
to any default provisions), unless the Loans shall be prepaid concurrently therewith as provided
in Section 2.09(b)(2), pari passu with the Prudential Notes or any other Prudential Debt being prepaid;

                              (c)          Indebtedness existing on the Restatement Effective Date and set forth in Schedule 6.04 annexed hereto as complete and correct as of the Restatement Effective Date;

                              (d)          All renewals, extensions, substitutions, refinancings, or replacements, in an amount not to exceed
the amount so refinanced, of any outstanding Indebtedness (excluding from this Section 6.04(d) the
Indebtedness referred to in Section 6.04(b)) provided that the terms, covenants and restrictions in respect of such renewals, extensions, substitutions, refundings
or replacements are note more materially onerous than the existing terms, covenants and restrictions
of such Indebtedness; 

                              (e)          Interest Rate Hedging Exposure Amount to Interest Rate Protection Merchants not exceeding $2,000,000
in the aggregate; 

	

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                              (f)           Indebtedness of one Credit Party to another Credit Party (other than the Company); provided the (i)
there is adequate consideration for such Indebtedness and there is evidence of such Indebtedness
on each Credit Party’s books, (ii) all of the outstanding capital stock or other equity interests
of each such Credit Party shall be owned 100% directly or indirectly by the Company and a Borrower,
(iii) each of such Credit Parties to or by whom such Indebtedness is owned, or who owns (directly
or indirectly) any stock referred to in the preceding clause (ii), shall have become a party to a
Guarantee Agreement, to the Subordination Agreement, and/or the Pledge Agreement (or to all of them)
as contemplated by Section 5.09 hereof, (iv) such Indebtedness shall at all times be subject to the
provisions of the Subordination Agreement as Subordinated Debt as defined in the Subordination Agreement,
and (v) such Indebtedness shall not be assigned or transferred by the obligee thereof to any Person
other than another Credit Party such that after giving effect to such assignment or transfer all
the conditions of this proviso are met; and

                              (g)          to the extent not included above in this Section 6.04, other Indebtedness incurred by the Company
or any Borrower or any of its or their Subsidiaries; provided that, at the time of incurrence thereof and after giving effect thereto and to the application of the proceeds
thereof, Consolidated Indebtedness shall not exceed 55% of Total Capitalization of the Company and
its Subsidiaries.

              SECTION 6.05.            Restrictive Agreements.

                    Each Borrower shall not, and shall not permit any other Credit Party or any of its or their Subsidiaries
to, directly or indirectly, enter into, incur or permit to exist any agreement or other arrangement
that prohibits, restricts or imposes any condition upon the ability of any Credit Party or any Subsidiary
thereof, (i) to create incur or permit to exist any Lien upon any of its property or assets or revenues,
whether now or hereafter acquired, (ii) to pay dividends or make other distributions to the Company
or any Borrower with respect to any shares of its capital stock or other equity interests, (iii)
to pay any Indebtedness owed to the Company or any Borrower, (iv) to make or permit to exist loans
or advances to the Company or any Borrower, or (v) to sell transfer, lease or otherwise dispose of
any of its properties or assets to the Company or any Borrower; provided that (x) the foregoing shall not apply to restrictions and conditions imposed by law or by this Agreement
or the Prudential Shelf Agreement, and (y) such Credit Party or Subsidiary may enter into such an
agreement in connection with any Permitted Lien, so long as such prohibition or limitation is by
its terms effective only against the property, assets or revenues subject to such Lien.

              SECTION 6.06.            Limitation on Subsidiary Indebtedness and Issuance of Preferred Stock.

                    None of the Borrowers shall permit any of its Subsidiaries to, at any time, directly or indirectly,
incur, create, assume, guarantee or become or be liable in any manner with respect to any Indebtedness
or issue any preferred stock except:

                                                (i)           Indebtedness of such Subsidiary outstanding as of the Restatement Effective Date and set forth on
Schedule 6.06 annexed hereto or any refinancing, extension, renewal or refunding of any such Indebtedness in an
amount not to exceed the amount 

	

57

	
so refinanced of such Indebtedness; provided that the terms, covenants and restrictions in respect of such refinancing, extension, renewal or refunding
are not materially more onerous than the existing terms, covenants and restrictions of such Indebtedness;

                                                (ii)         Indebtedness of such Subsidiary in respect of guaranties delivered pursuant to the Prudential Shelf
Agreement;

                                                (iii)        preferred stock of such Subsidiary issued on or prior to the Effective Date;

                                                (iv)        subject to Section 6.04(f) hereof, Indebtedness of, or preferred stock issued by, such Subsidiary
to a Borrower or a Subsidiary of a Borrower; and

                                                (v)         other Indebtedness or preferred stock of such Subsidiary, provided that such Indebtedness and preferred
stock together with the aggregate amount of outstanding Indebtedness and the aggregate liquidation
value of preferred stock of such Subsidiary previously incurred and outstanding under this Section
6.06 (other than Indebtedness incurred under (iii) hereof), does not at any time exceed 25% of Consolidated
Net Worth and provided further that the aggregate Indebtedness of such Subsidiary and all of other
Subsidiaries not secured by a Lien does not at any time exceed 15% of Consolidated Net Worth.

              SECTION 6.07.            Limitation on Restricted Payments.

                    No Credit Party shall, nor shall it permit any of its Subsidiaries to, directly or indirectly, declare,
make or pay, or agree to declare, make or pay or incur any liability to make or pay, or cause or
permit to be declared, made or paid, or set aside any sum or property to declare, make or pay any
Restricted Payment, other than (a) cash dividends (or distributions, in the case of partnerships)
from Subsidiaries of the Company to the Company, (b) acquisitions or purchases by the Company or
any of its Subsidiaries of capital stock of any Subsidiary or capital contributions made by the Company
or any of its Subsidiaries to a Subsidiary and (c) to the extent not covered by the foregoing clauses
(a) and (b), any other Restricted Payments made by the Company provided that each of the following conditions is satisfied at the time of making such Restricted Payment and after
giving effect thereto:

                                                (i)           no Default of Event of Default has occurred and is continuing; and

                                                (ii)          the Company could incur at least $1.00 of additional Indebtedness pursuant to Section 6.04(d) hereof,
and

              SECTION 6.08.                 

Sale of Assets.

                    Subject to the provisions of Section 6.02 hereof, no Credit Party shall, nor shall it permit any of
its Subsidiaries to, directly or indirectly, in a single transaction or a series of transactions,
sell, lease, transfer, abandon or other-wise dispose of or suffer to be sold, leased, transferred,
abandoned or otherwise disposed of (collectively, “Transfer”) assets in excess of 10% of
Consolidated Total Assets (as determined as of the end of the fiscal quarter of the 

	

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Company ending on or immediately before the determination date) (“Substantial Assets”) other
than in the ordinary course of business (including without limitation the disposal of obsolete assets
not used or useful in such Credit Party’s business) in any fiscal year, and provided that such Transfer of Substantial Assets in the aggregate shall not exceed 40% of Consolidated Total Assets
measured as of the Restatement Effective Date, except that:

                                                (i)           any Credit Party or any of its Subsidiaries may Transfer its assets to any Credit Party or any other
Wholly-Owned Subsidiary; and

                                                (ii)         any Credit Party or any of its Subsidiaries may Transfer its assets in excess of the limitations set
forth above (such assets collectively the “Excess Assets”) only if the proceeds of such
sales of Excess Assets are used to purchase other property of a similar nature of at least equivalent
value (such property the “Excess Replacement Assets”) within one year of such sale, provided, however, that there shall be no Lien on any of the Excess Replacement Assets.

              SECTION 6.09.            Limitation on Investments.

                    No Credit Party shall, nor shall it permit any of its Subsidiaries to, purchase, hold or acquire (including
pursuant to any 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 (except pursuant to this Agreement or the Prudential Shelf Agreement)
any obligations of, or make or permit to exist any investment or any other interest in, any other
Person, or purchase or otherwise acquire (in one transaction or a series of transactions) any assets
of any other Person constituting a business unit, except Permitted Loans and Investments.

              SECTION 6.10.            Hedging Agreements.

                    No Credit Party shall, nor shall it permit any of its Subsidiaries to, enter into any Hedging Agreement
for purposes of speculation or investment, or otherwise outside of the ordinary course of the business
of such Credit Party.

              SECTION 6.10A        Limitation on Priority Debt.

                    Notwithstanding anything set forth in the definition of Permitted Liens or Section 6.06, the Borrowers
will not permit Priority Debt to exceed (a) at any time on or prior to December 31, 2005, 33% of
Consolidated Net Worth determined as of the last day of the most recently ended fiscal quarter of
the Company, and (b) at any time after December 31, 2005, 30% of the Consolidated Net Worth determined
as of the last day of the most recently ended fiscal quarter of the Company.

              SECTION 6.11.           Certain Financial Covenants.

                              (a)          The Company and its Subsidiaries, on a consolidated basis, shall have, at the end of each fiscal quarter
commencing with the fiscal quarter ended December 31, 2004, a minimum Consolidated Tangible Net Worth
of not less than $90,000,000 Dollars, plus 

	

59

	
fifty (50%) percent of the sum of the Consolidated Net Income for each fiscal quarter (but taking into
account the Consolidated Net Income for a fiscal quarter only if it is a positive number) ending
after December 31, 2004 (and including the fiscal quarter for which the Consolidated Tangible Net
Worth is to be calculated.)

                              (b)          The Company and its Subsidiaries, on a consolidated basis, shall have, at the conclusion of each twelve
month period ending on the last day of each fiscal quarter ending on or after December 31, 2004,
a Maximum Leverage Ratio of not more than 2.50:1.00.

                              (c)          The Company and its Subsidiaries, on a consolidated basis, shall have, a Minimum Debt Service Ratio
at the conclusion of each twelve month period ending on the last day of each fiscal quarter (i) commencing
after September 30, 2004 and ending on or before December 31, 2005 of not less than 1.50:1.00; and
(ii) commencing after December 31, 2005 of not less than 1.75 to 1.00.

              SECTION 6.12.            Amendment of Certain Documents.

                    No Credit Party shall, nor will it permit any of its Subsidiaries to:

                              (a)          Permit the termination of, or any amendment, waiver or modification to, the Certificate of Incorporation
or By-Laws, or Certificate of Limited Partnership, Certificate of Formation, Agreement of Limited
Partnership, or Operating Agreement as the case may be, of any Credit Party or Subsidiary thereof
except for amendments, modifications or waivers that are not adverse in any respect to the Lenders,
the Administrative Agent, the Collateral Agent, or the Issuing Bank.

                              (b)          Amend in any material respect the Prudential Shelf Agreement, or the Prudential Notes or any other Prudential Debt or any other agreement entered into in connection
therewith without the prior written consent of the Required Lenders.

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; 

                              (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 Credit Party or any Subsidiary
thereof in or in connection with this Agreement or 

	

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any other Loan Document, or in any report, certificate, financial statement or other document furnished
pursuant to or in connection with this Agreement or any other Loan Document, shall prove to have
been incorrect in any material respect when made or deemed made;

                              (d)          the Credit Parties shall fail to observe or perform in any material respect any covenant, condition
or agreement contained in Article V or in Article VI hereof, or in any Guarantee Agreement,
the Subordination Agreement or in any Security Document;

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

                              (f)           (i) The Borrowers shall fail to make a payment of any principal of, or premium or interest in respect
of any Prudential Notes or any other Prudential Debt that is outstanding beyond any period of grace
provided with respect thereto (unless waived in writing by Prudential (and any other Persons a waiver
from which is required) (and only so long as such waiver shall continue in effect by its terms));
(ii) any Credit Party or any of its Subsidiaries is in default (as principal or as guarantor or other
surety) in the payment of any principal of or premium or interest on any Indebtedness (excluding
the Indebtedness issued under or pursuant to the Prudential Shelf Agreement) that is outstanding
in a principal amount of at least $3,000,000 individually or $5,000,000 in the aggregate beyond any
period of grace provided with respect thereto, or (iii) any Credit Party or any of its Subsidiaries
is in default in the performance of or compliance with any term of (x) the Prudential Notes or the
Prudential Shelf Agreement or any guaranty or pledge agreement securing the Prudential Notes or any
other Prudential Debt or (y) any evidence of any Indebtedness (excluding the Indebtedness evidenced
by the Prudential Notes or any other instrument evidencing any Prudential Debt) in principal amount
of at least $3,000,000 individually or $5,000,000 in the aggregate, or of any mortgage, indenture
or other agreement relating thereto, or (iv) as a consequence of the occurrence or continuation of
any event or condition (other than the passage of time or the right of the holder of Indebtedness
to convert such Indebtedness into equity interest), (x) any Credit Party has become obligated to
purchase (A) or repay any of the Prudential Notes or any other Prudential Debt before their regular
maturity or before their regularly scheduled dates of repayment, or (B) any other Indebtedness before
its regular maturity or before its regularly scheduled dates of payment in a principal amount of
at least $3,000,000 individually or $5,000,000 in the aggregate, or (y) one or more Persons have
the right to require any such Credit Party to purchase or repay any such Indebtedness referred to
in (A) or (B) (provided, however, that for the purposes of this paragraph (f) the “principal
amount” of the obligations of any Credit Party or Subsidiary in respect of any Hedging Agreements
at any time shall be treated as Indebtedness in an amount which shall be equal to the maximum aggregate
amount (giving effect to any netting agreements) that any such Person would be required to pay if
such Hedging Agreement were terminated at such time);

                              (g)          [intentionally omitted];

                              (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 

	

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

                              (j)           any Credit Party or any Subsidiary thereof shall become unable, admit in writing 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 $100,000 shall
be rendered against any Credit Party and/or any Subsidiary thereof and the same shall remain undischarged
for a period of 30 consecutive days during which execution shall not be effectively stayed,
or any action shall be legally taken by a judgment creditor to attach or levy upon any assets of
any Credit Party or any Subsidiary thereof to enforce any such judgment;

                              (l)           an ERISA Event shall have occurred that, in the opinion of the Required Lenders, when taken together
with all other ERISA Events that have occurred, could reasonably be expected to result in liability
of any Credit Party in an aggregate amount exceeding (i) $150,000 in any year or (ii) $350,000 for
all periods; or

                              (m)           a Change in Control shall occur; or

                              (n)          (i) any security interest in favor of the Collateral Agent created or purported to be created
under the Pledge Agreement, or under any other Security Document, shall, in any such case, no longer
provide the lien or priority contemplated by such Security Document or any party having granted any
such security interests (or any successor thereto or representative thereof) shall make any claim
or assertion to such effect, or (ii) any Credit Party (or any successor thereto or representative
thereof) shall claim or assert that this Agreement or any Guarantee Agreement or any right or remedy
of the Administrative Agent, the Collateral Agent, the Issuing Bank or any Lender hereunder shall
not be enforceable in accordance with its terms, or any Person (other than the Administrative Agent,
the Collateral Agent, the Issuing Bank or any Lender) shall claim or assert that any other Loan Document
or any right or remedy of the Administrative Agent, the Collateral Agent, the Issuing Bank or any
Lender thereunder shall not be enforceable in accordance with its terms; then, and in every such
event (other than an event 

	

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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 Borrowers, take any of the following actions, at the same or different times: (i) terminate
the Revolving Credit Commitments, and thereupon the Revolving Credit Commitments (including, but
not limited to any right to increase the same under Section 2.06A) shall terminate immediately, (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, (iii) require cash collateral as contemplated by Section 2.04(j),
and (iv) enforce rights or cause the enforcement of rights or exercise or cause the exercise of any
remedies available under any Loan Document or otherwise; and in case of any event described in clause
(h) or (i) of this Article, the Revolving Credit 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.

ARTICLE VIII

  
The Agents

                    Each of the Lenders and the Issuing Bank hereby irrevocably appoints (i) JPMorgan Chase Bank, N.A.
as Administrative Agent, and (ii) JPMorgan Chase Bank, N.A. as Collateral Agent, (the Administrative
Agent and the Collateral Agent, for purposes of this Article being referred to individually as an
“Agent” and collectively as the “Agents”), and authorizes the Agents to take
such actions on its behalf and to exercise such powers as are delegated to such Agent by the terms
of this Agreement or by the terms of any other Loan Documents, together with such actions and powers
as are reasonably incidental thereto. 

                    Each bank serving as an Agent 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 any Credit Party or any Subsidiary or other Affiliate thereof as if it were not an Agent.

                    None of the Agents shall have any duties or obligations except those expressly set forth herein or
in the other Loan Documents. Without limiting the generality of the foregoing, (a) the Agents
shall not be subject to any fiduciary or other implied duties, regardless of whether a Default has
occurred and is continuing, (b) no Agent shall have any duty to take any discretionary action
or exercise any discretionary powers, except discretionary rights and powers expressly contemplated
hereby or by the other Loan Documents that such Agent is required to exercise in writing by the Required
Lenders (or such other number or percentage of the Lenders as shall be necessary under the circumstances
as provided in Section 9.02), and (c) except as 

	

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expressly set forth herein, no Agent shall have any duty to disclose, and shall not be liable for the
failure to disclose, any information relating to any Credit Party or any of its Subsidiaries that
is communicated to or obtained by such Agent or any of its Affiliates in any capacity; provided,
however, that Agents shall give Lenders immediate written notice of any action taken or notice received
or given by any of them pursuant to the Intercreditor Agreement. No 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 wilful misconduct. No Agent
shall be deemed to have knowledge of any Default unless and until written notice thereof is given
to such Agent by the Borrowers or a Lender, and no 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 this Agreement or any other Loan Document, (ii) the contents of any certificate, report
or other document delivered hereunder or thereunder or in connection herewith or therewith, (iii) the
performance or observance of any of the covenants, agreements or other terms or conditions set forth
herein or therein, (iv) the validity, enforceability, effectiveness or genuineness of this Agreement,
any other Loan Document or any other agreement, instrument or document. The Administrative Agent
shall not be responsible for or have any duty to ascertain or inquire into the satisfaction of any
condition set forth in Article IV or elsewhere herein, other than to confirm receipt of items
expressly required to be delivered to the Administrative Agent. 

                    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 any Credit Party), 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 of its duties and exercise its rights and powers by or through any
one or more sub-agents appointed by it including, without limitation, its duties, rights and powers
under any Loan Documents in respect of the Collateral or any portion thereof. Each Agent and any
such sub-agent may perform any and all of 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 an Agent.

                    Subject to the foregoing, each Agent (including but not limited to the Administrative Agent) acting
under or in respect of the Collateral, shall act for the ratable benefit of the Lenders and the Issuing
Bank as appropriate hereunder (unless otherwise provided herein or in any other Loan Documents) and
shall be entitled to the exculpations, privileges, indemnities and other protections provided for
the benefit of the Agent herein or therein.

	

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                    Subject to the appointment and acceptance of a successor Agent as provided in this paragraph, any Agent
may resign at any time by notifying the Lenders, the Issuing Bank and the Borrowers. 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 Bank, appoint a successor Agent
which shall be a bank with an office in New York, New York, or an Affiliate of any such bank. Upon
the acceptance of its appointment as an Agent 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 as such. The fees payable by the Borrowers
to a successor Agent shall be the same as those payable to its predecessor unless otherwise agreed
between the Borrowers and such successor. After any Agent’s resignation, the provisions of this
Article 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 Agent.

                    Each Lender acknowledges that it has, independently and without reliance upon the Agents or any other
Lender and based on such documents and information as it has deemed appropriate, made its own credit
analysis and decision to enter into this Agreement. Each Lender also acknowledges that it will, independently
and without reliance upon the Agents 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 or any other Loan Document, any related agreement
or any document furnished hereunder or thereunder.

ARTICLE IX

  
Miscellaneous

              SECTION 9.01.            Notices.   

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

                              (a)          if to the Borrowers or to any of the Borrowers, to the Borrowers c/o the Company at 200 Mamaroneck
Avenue, White Plains, New York 10601, Attention of Leigh J. Abrams (Telecopy No. 914-428-4581);

                              (b)          if to the Administrative Agent, to JPMorgan Chase Bank, N.A., Loan and Agency Bank Services Group,
1111 Fannin, Floor 10, Houston, Texas 77002, Attention of Denise Ramon (Telecopy No. (713) 750-2938),
with copies to JPMorgan Chase Bank, N.A., 106 Corporate Park Drive, White Plains, New York 10604,
Attention of Florence Reap (Telecopy No. (914) 993-7938);

	

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                              (c)          if to the Issuing Bank, to JPMorgan Chase Bank, N.A., 106 Corporate Park Drive, White Plains, New
York 10604, Attention of Florence Reap (Telecopy No. (914) 993-7938); and

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

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

              SECTION 9.02.            Waivers; Amendments.  

                              (a)          No failure or delay by the Administrative Agent, the Collateral Agent, the 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 the Administrative
Agent, the Collateral Agent, the Issuing Bank and the Lenders hereunder or 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 this Agreement or any other Loan Document or consent to any departure
by the Borrowers or any other Credit 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 shall not be construed as a waiver of any Default,
regardless of whether the Administrative Agent, the Collateral Agent, any Lender or the Issuing Bank
may have had notice or knowledge of such Default at the time.

                              (b)          Neither this Agreement or any of the other Loan Documents nor any provision hereof or thereof may
be waived, amended or modified except (a) in the case of this Agreement, pursuant to an agreement
or agreements in writing entered into by the Borrowers and the Required Lenders or by the Borrowers
and the Administrative Agent with the consent of the Required Lenders, and (b) in the case of any
Security Document, pursuant to an agreement entered into by the parties thereto and consented to
by the Required Lenders; provided that no such agreement shall (i) increase the Revolving Credit Commitment of any Lender without the
written consent of such Lender, (ii) reduce the principal amount of any Loan or LC Disbursement or
reduce the rate of interest thereon, or reduce any fees payable hereunder, without the written consent
of each Lender affected thereby, (iii) postpone the scheduled date of payment of the principal amount
of any Loan or LC Disbursement, or any interest thereon, or any fees payable hereunder, or reduce
the amount of, waive or excuse any such payment, or postpone the scheduled date of expiration of
any Revolving Credit Commitment, without the written consent of each Lender affected thereby, (iv)
change Section 2.16(b) or (c) in a manner that would alter the pro rata sharing of payments required
thereby, without the written consent of each Lender, (v) release any material Collateral under any
Security Document or release any guarantor under any Guarantee Agreement except as expressly permitted
thereby or hereby, without the prior consent 

	

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of each Lender, (vi) waive, amend, or modify any provision of Section 6.09 or 6.11 without the prior
written consent of the Mandatory Lenders; or (vii) change any of the provisions of this Section or
the definition of “Required Lenders” or “Mandatory Lenders” or any other provision hereof
specifying the number or percentage of Lenders required to waive, amend or modify any rights hereunder
or under any other Loan Document or make any determination or grant any consent hereunder or thereunder,
without the written consent of each Lender; provided further that no such agreement shall amend, modify or otherwise affect the rights or duties of the Administrative
Agent, the Collateral Agent, or the Issuing Bank hereunder or thereunder without the prior written
consent of the Administrative Agent, the Collateral Agent, or the Issuing Bank, as the case may be.

              SECTION 9.03.            Expenses; Indemnity; Damage Waiver.  

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

                              (b)          The Borrowers shall indemnify the Administrative Agent, the Collateral Agent, the Issuing Bank and
each Lender, and each Related Party of any of the foregoing Persons (each such Person being called
an “Indemnitee”) against, and hold each Indemnitee harmless from, any and all losses, claims, damages, liabilities
and related expenses, including the fees, charges and disbursements of any counsel for any Indemnitee,
incurred by or asserted against any Indemnitee arising out of, in connection with, or as a result
of (i) the execution or delivery of this Agreement, any other Loan Document, or any agreement
or instrument contemplated hereby or thereby, the performance by the parties hereto or thereto of
their respective obligations hereunder or thereunder or the consummation of the Transactions or any
other transactions contemplated hereby or thereby (other than in connection with disputes between
parties hereto other than Credit Parties regarding obligations of such other parties), (ii) any
Loan or the Letter of Credit or the use of the proceeds therefrom (including any refusal by the Issuing
Bank to honor a demand for payment under the 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 

	

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property owned or operated by and Credit Party or any of its Subsidiaries, or any Environmental Liability
related in any way to any Credit Party or any of its Subsidiaries, or (iv) any actual or prospective
claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on
contract, tort or any other theory and regardless of whether any Indemnitee is a party thereto; provided that such indemnity shall not, as to any Indemnitee, be available to the extent that such losses,
claims, damages, liabilities or related expenses are determined by a court of competent jurisdiction
by final and nonappealable judgment to have resulted from the gross negligence or wilful misconduct
of such Indemnitee.

                              (c)          To the extent that the Borrowers fail to pay any amount required to be paid to the Administrative
Agent, the Collateral Agent, or the Issuing Bank under paragraph (a) or (b) of this Section, each
Lender severally agrees to pay to the Administrative Agent, the Collateral Agent, or the Issuing
Bank, as the case may be, such Lender’s Applicable Percentage (determined as of the time that
the applicable unreimbursed expense or indemnity payment is sought) of such unpaid amount; provided that the unreimbursed expense or indemnified loss, claim, damage, liability or related expense, as
the case may be, was incurred by or asserted against the Administrative Agent, the Collateral Agent,
or the Issuing Bank in its capacity as such; and provided further that the action of the Collateral Agent, or the Issuing Bank giving rise to the same did not
constitute gross negligence or willful misconduct by such Person.

                              (d)          To the extent permitted by applicable law, the Borrowers shall not assert, and each Borrower 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, any other Loan Document, or any agreement or instrument contemplated
hereby or thereby, the Transactions, any Loan or the Letters of Credit or the use of the proceeds
thereof.

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

                    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 an Affiliate of the Issuing
Bank that issues any Letter of Credit), except that (i) the Borrower may not assign or otherwise
transfer any of their rights or obligations hereunder without the prior written consent of each Lender
(and any attempted assignment or transfer by the Borrowers without such consent shall be null and
void) and (ii) no Lender may assign or otherwise transfer its rights or obligations hereunder except
in accordance with this Section. Nothing in this Agreement, expressed or implied, shall be construed
to confer upon any Person (other than the parties hereto, their respective successors and assigns
permitted hereby (including any Affiliate of the Issuing Bank that issues any Letter of Credit),
Participants (to the extent provided in paragraph (c) of this Section) and, to the extent expressly
contemplated hereby, the Related Parties of each of the Administrative Agent, the Issuing Bank and
the Lenders) any legal or equitable right, remedy or claim under or by reason of this Agreement.

	

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                              (b)          (i)        Subject to the conditions set forth in paragraph (b)(ii) below, any Lender may assign to
one or more assignees all or a portion of its rights and obligations under this Agreement and the
other Loan Documents (including all or a portion of its Revolving Credit 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 Borrowers, provided that no consent of the Borrowers shall be required for an assignment to a Lender or an affiliate of
a Lender, 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 any Revolving Credit
Commitment to an assignee that is a Lender with a Revolving Credit Commitment immediately prior to
giving effect to such assignment; and

                                                        (C)            the Issuing Bank.

                                             (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 Revolving Credit Commitment or Loans of any
Type, the amount of the Revolving Credit Commitment or Loans of the assigning Lender subject to each
such assignment (determined as of the date the Assignment and Assumption with respect to such assignment
is delivered to the Administrative Agent) shall not be less than $5,000,000 unless each of the Borrowers
and the Administrative Agent otherwise consent, provided that no such consent of the Borrowers 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 and the other Loan Documents;

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

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

                                             (iii)            Subject to acceptance and recording thereof pursuant to paragraph (b)(iv) of this Section, from
and after the effective date specified in each Assignment and Assumption the assignee thereunder
shall be a party hereto and, to the extent of the interest assigned by such Assignment and Assumption,
have the rights and obligations of a Lender under this Agreement, and the assigning Lender thereunder
shall, to the extent of the interest assigned by such Assignment and Assumption, be released from
its obligations under this Agreement (and, in the case of an Assignment and Assumption covering all
of the assigning Lender’s rights 

	

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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 2.13, 2.14, 2.15 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 Administrative Agent,
the Issuing Bank and the Lenders may treat each Person whose name is recorded in the Register pursuant
to the terms hereof as a Lender hereunder for all purposes of this Agreement and the other Loan Documents,
notwithstanding notice to the contrary. The Register shall be available for inspection by the Borrowers,
the Issuing Bank and any Lender, at any reasonable time and from time to time upon reasonable prior
notice.

                                             (v)          Upon its receipt of a duly completed Assignment and Assumption executed by an assigning Lender and
an assignee, the assignee’s completed Administrative Questionnaire (unless the assignee shall
already be a Lender hereunder), the processing and recordation fee referred to in paragraph (b)
of this Section and any written consent to such assignment required by paragraph (b) of this Section,
the Administrative Agent shall accept such Assignment and Assumption and record the information contained
therein in the Register; provided that if either the assigning Lender or the assignee shall have failed to make any payment required
to be made by it pursuant to Section 2.05(b), 2.06(d) or (e), 2.16(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 Administrative Agent, the Issuing
Bank, 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 and the
other Loan Documents (including all or a portion of its Revolving Credit 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 and the other Loan Documents, the Administrative Agent, the Issuing Bank
and the other Lenders shall continue to deal solely and directly with such Lender in connection with
such Lender’s rights and obligations under this Agreement and the other Loan Documents. 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 the other Loan Documents and
to approve any amendment, modification or waiver of any provision of this Agreement and the other
Loan Documents; provided that such agreement or instrument may provide that such Lender will not, without the 

	

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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 2.13, 2.14 and
2.15 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 2.16(c) as though it were a Lender.

                                             (ii)            A Participant shall not be entitled to receive any greater payment under Section 2.13 or 2.15 than
the applicable Lender would have been entitled to receive with respect to the participation sold
to such Participant, unless the sale of the participation to such Participant is made with the Borrowers’
prior written consent. A Participant that would be a Foreign Lender if it were a Lender shall not
be entitled to the benefits of Section 2.15 unless the Borrowers are notified of the participation
sold to such Participant and such Participant agrees, for the benefit of the Borrowers, to comply
with Section 2.15(e) as though it were a Lender. 

                              (d)          Any Lender may at any time pledge or assign a security interest in all or any portion of its rights
under this Agreement and the Revolving Credit Note issued to it to secure obligations of such Lender,
including 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 Borrowers herein and by the Borrowers
and the other Credit Parties in the other Loan Documents and in the certificates or other instruments delivered
in connection with or pursuant to this Agreement or any other Loan Documents shall be considered
to have been relied upon by the other parties hereto and shall survive the execution and delivery
of this Agreement and the making of any Loans, regardless of any investigation made by any such other
party or on its behalf and notwithstanding that the Administrative Agent, the Collateral Agent, the
Issuing Bank or any Lender may have had notice or knowledge of any Default or incorrect representation
or warranty at the time any credit is extended hereunder, and shall continue in full force and effect
as long as the principal of or any accrued interest on any Loan or any fee or any other amount payable
under this Agreement is outstanding and unpaid or the Letter of Credit is outstanding and so
long as the Revolving Credit Commitments have not expired or terminated. The provisions of Sections
2.13, 2.14, 2.15 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 Revolving Credit Commitments or the termination of
this Agreement or any provision hereof. 

	

71

	
              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 Administrative Agent constitute the entire contract among the parties
thereto relating to the subject matter hereof and supersede any and all previous agreements and understandings,
oral or written, relating to the subject matter hereof. Except as provided in Section 4.01, this
Agreement shall become effective when it shall have been executed by the Administrative Agent and
when the Administrative Agent shall have received counterparts hereof which, when taken together,
bear the signatures of each of the other parties hereto, and thereafter shall be binding upon and
inure to the benefit of the parties hereto and their respective successors and assigns. Delivery
of an executed counterpart of a signature page of this Agreement by telecopy shall be effective as
delivery of a manually executed counterpart of this Agreement.

              SECTION 9.07.            Severability.   

                    Any provision of this Agreement or any other 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 hereof; and the invalidity of a particular provision in a particular jurisdiction
shall not invalidate such provision in any other jurisdiction. 

              SECTION 9.08.            Right of Setoff.   

                    If an Event of Default shall have occurred and be continuing, each Lender and each of its Affiliates
is hereby authorized at any time and from time to time, to the fullest extent permitted by law, to
set off and apply any and all deposits (general or special, time or demand, provisional or final)
at any time held and other obligations at any time owing by such Lender or Affiliate to or for the
credit or the account of a Borrower against any of and all the obligations of the Borrowers now or
hereafter existing under this Agreement or any other Loan Document held by such Lender, irrespective
of whether or not such Lender shall have made any demand under this Agreement or such other Loan
Document and although such obligations may be unmatured. The rights of each Lender under this Section
are in addition to other rights and remedies (including other rights of setoff) which such Lender may have.

              SECTION 9.09.            GOVERNING LAW; JURISDICTION; CONSENT TO SERVICE OF PROCESS.  

                              (a)          THIS AGREEMENT SHALL BE CONSTRUED IN ACCORDANCE WITH AND GOVERNED BY THE LAW OF THE STATE OF NEW YORK
WITHOUT REFERENCE TO CHOICE OF, OR CONFLICT OF LAWS PRINCIPLES..

                              (b)          Each Borrower hereby irrevocably and unconditionally submits, for itself and its property, to the
nonexclusive jurisdiction of the Supreme Court of the State of New York sitting in New York County
and of the United States District Court of the Southern District 

	

72

	
of New York, and any appellate court from any thereof, in any action or proceeding arising out of or
relating to this Agreement, or for recognition or enforcement of any judgment, and each of the parties
hereto hereby irrevocably and unconditionally agrees that all claims in respect of any such action
or proceeding may be heard and determined in such New York State or, to the extent permitted
by law, in such Federal court. Each of the parties hereto agrees that a final judgment in any such
action or proceeding shall be conclusive and may be enforced in other jurisdictions by suit on the
judgment or in any other manner provided by law. Nothing in this Agreement shall affect any right
that the Administrative Agent, the Collateral Agent, the Issuing Bank or any Lender may otherwise
have to bring any action or proceeding relating to this Agreement against either Borrower or its
properties in the courts of any jurisdiction.

                              (c)          Each Borrower 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 the other Loan
Documents 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 will affect the right of any party to this
Agreement to serve process in any other manner permitted by law.

              SECTION 9.10.            WAIVER OF JURY TRIAL.  

                    EACH PARTY HERETO HEREBY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY RIGHT IT MAY
HAVE TO A TRIAL BY JURY IN ANY LEGAL PROCEEDING DIRECTLY OR INDIRECTLY ARISING OUT OF OR RELATING
TO THIS AGREEMENT OR THE OTHER LOAN DOCUMENTS OR THE TRANSACTIONS CONTEMPLATED HEREBY OR 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.            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.

	

73

	
              SECTION 9.12.            Confidentiality.   

                    Each of the Administrative Agent, the Issuing Bank and the Lenders agrees to maintain the confidentiality
of the Information (as defined below), except that Information may be disclosed (a) to its and
its Affiliates’ directors, officers, employees and agents, including accountants, legal counsel
and other advisors (it being understood that the Persons to whom such disclosure is made will be
informed of the confidential nature of such Information and instructed to keep such Information confidential),
(b) to the extent requested by any regulatory authority, (c) to the extent required
by applicable laws or regulations or by any subpoena or similar legal process, (d) to any other party
to this Agreement, (e) in connection with the exercise of any remedies hereunder or any suit, action
or proceeding relating to this Agreement or 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 any assignee of or Participant in, or any prospective assignee of or
Participant in, any of its rights or obligations under this Agreement or any other Loan Document
or (ii) any actual or prospective counterparty (or its advisors) to any swap or derivative transaction
relating to a Borrower and its obligations, (g) with the consent of the Borrowers or (h) to
the extent such Information (x) becomes publicly available other than as a result of a breach
of this Section or (y) becomes available to the Administrative Agent, the Collateral Agent,
the Issuing Bank or any Lender on a nonconfidential 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 businesses,
other than any such information that is available to the Administrative Agent, the Collateral Agent,
the Issuing Bank or any Lender on a nonconfidential 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.

              SECTION 9.13.            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
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.

	

74

	
              SECTION 9.14.            USA Patriot Act.

                    Each Lender that is subject to the requirements of the USA Patriot Act (Title III of Pub. L. 107-56
(signed into law October 26, 2001)) (the “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.

ARTICLE X

  
The Borrowers

                    Each Borrower agrees that the representations and warranties made by, and the liabilities, obligations,
and covenants of and applicable to any of, any two of, or all of the Borrowers under this Agreement,
shall in every case (whether or not specifically so stated in each such case herein) be joint and
several. Every notice by or to any Borrower shall be deemed also to constitute notice by and to the
other Borrowers, every act or omission by any Borrower also shall be binding upon the other Borrowers,
and the Administrative Agent, the Collateral Agent, the Issuing Bank, and the Lenders are fully authorized
by each Borrower to act and rely also upon the representations and warranties, covenants, notices,
acts, and omissions of the other Borrowers.

[Balance of Page Intentionally Left Blank]

	

75

	
              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.

	 

	 	KINRO, INC.
	 	 
	 	 
	 	By: /s/ Fredric M. Zinn
	 	       ————————————————
	 	        Name: Fredric M. Zinn
	 	        Title:   Vice President
	 	 
	 	 
	 	LIPPERT COMPONENTS, INC.
	 	 
	 	 
	 	By: /s/ Fredric M. Zinn
		       ————————————————
	 	        Name: Fredric M. Zinn
	 	        Title:   Vice President
	 	 
	 	 
	 	JPMORGAN CHASE BANK, N.A. individually and 

    as Administrative Agent,
	 	 
	 	 
	 	By: /s/ Florence M. Reap
	 	       ————————————————
	 	        Name: Florence M. Reap
	 	        Title:   Vice President
	 	 
	 	 
	 	KEYBANK NATIONAL ASSOCIATION, individually
	 	 
	 	 
	 	By: /s/ Thomas J. Purcell
	 	       ————————————————
	 	        Name: Thomas J. Purcell
	 	        Title:   Senior Vice President
	 	 
	 	 
	 	HSBC BANK USA, NATIONAL ASSOCIATION, individually
	 	 
	 	 
	 	By: /s/ Robert H. Rogers
	 	       ————————————————
	 	        Name: Robert H. Rogers
	 	        Title:   First Vice President

	

76Exhibit 10.2

                 AMENDED AND RESTATED SUBSIDIARY GUARANTEE AGREEMENT dated as of February 11, 2005 made by each direct
and indirect subsidiary of DREW INDUSTRIES INCORPORATED, a Delaware corporation, (other than KINRO,
INC., an Ohio corporation, and LIPPERT COMPONENTS, INC., a Delaware corporation (the “Borrowers”))
that becomes a party hereto as a guarantor hereunder (each, a “Guarantor”), with and in
favor of JPMORGAN CHASE BANK, N.A. (f/k/a JPMorgan Chase Bank), a national association, as agent
(in such capacity, the “Administrative Agent”) for the Lenders (as defined in the Credit
Agreement referred to below).

                 Reference is hereby made to the Amended and Restated Credit Agreement dated as of February 11, 2005
(as amended, supplemented, or modified from time to time, the “Credit Agreement”) among
the Borrowers, the financial institutions party thereto as lenders (the “Lenders”) and
JPMorgan Chase Bank, N.A., as administrative agent (in such capacity the “Administrative Agent”).
Terms used herein as defined terms and not otherwise defined herein shall have the meanings given
thereto in the Credit Agreement. Reference is further made to the Subsidiary Guarantee Agreement
dated as of January 28, 1998, (as thereafter amended and supplemented from time to time, the “Original
Subsidiary Guarantee”) between the Guarantors (other than Lippert Tire & Axle, Inc., a Delaware
corporation) and the Administrative Agent, which instrument the parties agree is being amended and
restated hereby.

                 The Lenders have agreed to make Loans to the Borrowers upon the terms and subject to the conditions
specified in the Credit Agreement. The obligations of the Lenders to make Loans are conditioned on,
among other things, the execution and delivery by each Guarantor hereunder of a guarantee agreement
in the form hereof.

                 NOW, THEREFORE, in consideration of the foregoing, and for other good and valuable consideration the
receipt and sufficiency of which are hereby acknowledged, the parties hereto hereby agree as follows:

                 Section 1.01.        Definitions; Terms.  References to this “Agreement” shall be to this Amended and Restated Subsidiary Guarantee
Agreement as amended, supplemented, or otherwise modified from time to time. The term “Obligations”
shall mean, collectively, (a) the due and punctual payment of (i) the principal of and interest (including
interest accruing during the pendency of any bankruptcy, insolvency, receivership or other similar
proceeding, regardless of whether allowed or allowable in such proceeding) on the Loans when and
as due, whether at maturity, by acceleration, upon one or more dates on which repayment or prepayment
is required, or otherwise, (ii) each payment required to be made by the Borrowers under the Credit
Agreement in respect of a Letter of Credit when and as due, including payments in respect of reimbursement
of disbursements, interest thereon and obligations to provide cash collateral and (iii) all other
monetary obligations, including fees, costs, expenses and indemnities, whether primary, secondary,
direct, contingent, fixed or otherwise (including monetary obligations incurred during the pendency
of any bankruptcy, insolvency, receivership or other similar proceeding, regardless of whether allowed
or allowable in such proceeding), of the Borrowers to one or more of the Secured Parties under the
Credit Agreement or any of the other Loan Documents or of the Borrowers (or either of them) under
or in respect of any Interest Rate Hedging Agreement now or hereafter in effect, and (b) the due
and punctual performance of all 

	

	
covenants, agreements, obligations and liabilities of the Borrowers under or pursuant to the Credit
Agreement and the other Loan Documents and under any Interest Rate Hedging Agreement now or hereafter
in effect. References to a “guarantor” shall include each Guarantor hereunder, the Company,
and any other Person that is a guarantor of any or all of the Obligations, and references to a “guarantee”
shall include this Agreement, the Company Guarantee Agreement and any other guarantee of any or all
of the Obligations by any other Person.

                Section
2.01.      Guarantee.

                                            (a)     The
Guarantors hereby, jointly and severally, unconditionally, absolutely, and irrevocably guarantee
(and hereby reaffirm and continue their guarantees under the Original Subsidiary Guarantee), each
as a primary obligor and not merely as a surety, the due and punctual payment and performance in
full of the Obligations, in each case strictly in accordance with the terms thereof. In furtherance
of the foregoing and not in limitation of any other right that any Secured Party may have at law
or in equity against any Guarantor by virtue hereof, the Guarantors jointly and severally agree that
upon failure of the Borrowers to pay any Obligations when and as the same shall become due, whether
at maturity, by acceleration, on one or more dates on which prepayment or repayment is required,
or otherwise, the Guarantors will, without any demand or notice whatsoever, forthwith pay or cause
to be paid to the Administrative Agent or such other Secured Party as is designated thereby, in cash
in immediately available funds, an amount equal to the unpaid amount of such Obligations. Each Guarantor
further agrees that the Obligations guaranteed by it hereunder may be increased in amount, extended
or renewed, or otherwise amended or modified in any respect, including, without limitation, as to
principal, scheduled repayment, prepayment, interest, fees, indemnification, compensation, and in
any other respect whatsoever, in whole or in part, without notice or further assent from it, and
that it will remain bound upon this guarantee in respect of such Obligations as so increased, extended,
renewed, amended or modified. Payments by each Guarantor hereunder may be required on any number of occasions.

                                            (b)     Each
Guarantor waives presentation to, demand for payment from and protest to the Borrowers or any other
guarantor, and also waives notice of acceptance of its guarantee and notice of protest for nonpayment.
The obligations of each Guarantor hereunder shall not be affected by (i) the failure of any
Secured Party to assert any claim or demand or to enforce any right or remedy against any Credit
Party or any other Person under the provisions of any Loan Document or any other agreement or otherwise;
(ii) any rescission, waiver, forbearance, compromise, acceleration, amendment or modification
of, or any release of any party from any of the terms or provisions of, this Agreement, any other
Loan Document, any Obligation or any other guarantee or any security interest in respect of the Obligations
(including, without limitation, in respect of any other guarantor, or any Pledgor or Debtor as either
such term may be defined in any Security Document); (iii) any change in respect of any Credit
Party, including, without limitation, as a result of any merger, consolidation, dissolution, liquidation,
recapitalization, or other change of legal form or status, whether or not permitted under the Loan
Documents; (iv) the release, exchange, waiver or foreclosure of any security held by any Secured
Party for any Obligations or the invalidity or nonperfection of any security interest securing the 

	

2

	
Obligations or the guarantee hereunder, or any other defect of any kind pertaining to any Obligations
or any guarantee or collateral security in respect thereof; (v) the failure of any Secured Party
to exercise any right or remedy in respect of any collateral security for any Obligations or against
any Credit Party, or against any other guarantor of any Obligations; or (vi) the release or
substitution of one or more of the Borrowers or any guarantor; (vii) the failure of any Person to
become a Guarantor hereunder, whether or not required under the Credit Agreement; or (viii) any
other circumstance that might otherwise, but for this specific agreement of each Guarantor to the
contrary, result in a discharge of or the exoneration of such Guarantor hereunder, it being the intent
of the parties hereto that the obligations of the Guarantors hereunder shall be absolute and unconditional
under any and all circumstances.

                                            (c)     Each
Guarantor agrees that this guarantee constitutes a guarantee of performance and of payment when due
and not just of collection, that it is a primary obligation of such Guarantor, and that such Guarantor
waives any right to require that any resort be had by any Secured Party to any security held for
this guarantee or for payment of any Obligations, or to any balance of any deposit, account, or credit
on the books of any Secured Party in favor of any Credit Party, or to any other Person or property.
To the fullest extent permitted by law, each Guarantor hereby expressly waives any and all rights
or defenses arising by reason of (i) any “one action” or “anti-deficiency”
law that would otherwise prevent any Secured Party from bringing any action, including any claim
for a deficiency, or exercising any right or remedy (including any right of set-off) against such
Guarantor before or after the commencement or completion of any foreclosure action or sale of collateral,
whether judicially, by exercise of power of sale or otherwise, or (ii) any other law that in
any other way would otherwise require any election of remedies by any Secured Party.

                                            (d)     No
demand hereunder or enforcement hereof against any Guarantor shall require any demand or enforcement
against any other Credit Party.

                                            (e)     Each
Guarantor agrees that it shall not make any payment on or in respect of any guaranty securing the
Prudential Notes or other Prudential Debt unless concurrently therewith it shall make a payment hereunder
to the Secured Parties on the Obligations on a pari passu basis with respect to any such payment on or in respect of any such guaranty securing the Prudential
Notes or other Prudential Debt.

                Section
2.02.      No Impairment of Guarantee. The obligations of the Guarantors hereunder shall remain absolute and unconditional and shall not
be subject to any reduction, limitation, impairment or termination for any reason, including without
limitation, any claim of waiver, release, surrender, alteration or compromise, and shall not be subject
to any defense or set-off, counterclaim, recoupment or termination whatsoever, by reason of the invalidity,
illegality or unenforceability of the Obligations or of this guarantee (or any portion or provision
thereof or hereof) or otherwise. Without limiting the generality of the foregoing, each Guarantor
specifically agrees that it shall not be discharged or exonerated, nor shall its obligations hereunder
be limited or otherwise affected by the failure of any Secured Party to exercise any right, remedy,
power, or privilege or to assert any claim or demand or to enforce any remedy under any Loan Document
or applicable law, including, without limitation, any failure by any 

	

3

	
Secured Party to setoff or release in whole or in part any balance of any deposit account or credit
on its books in favor of any Credit Party, or by any waiver, consent, extension, indulgence, modification,
or other action or inaction in respect of any thereof, or by any default, failure or delay, willful
or otherwise, in the performance of any Obligations, or by any other act or thing or omission or
delay to do any other act or thing, by any Person, that might in any manner or to any extent vary
the risk of such Guarantor or that might but for the specific provisions hereof to the contrary otherwise
operate as a discharge or exoneration of such Guarantor, unless and until the Obligations are fully,
finally and indefeasibly paid in cash.

                Section
2.03.     Security; Waiver. Each of the Guarantors authorizes the Administrative Agent, the Collateral Agent, and each of the
other Secured Parties to (i) take and hold security for the payment of this guarantee and/or the
Obligations and exchange, enforce, waive and release any such security, (ii) apply such security
and direct the order or manner of sale thereof as they in their sole discretion may determine and
(iii) release or substitute any one or more endorsees, other guarantors or other obligors or any
collateral. The Administrative Agent, the Collateral Agent, and the other Secured Parties may, at
their election, foreclose on any security held by one or more of them by one or more judicial or
non-judicial sales, or exercise any other right or remedy available to them against the Borrowers
or any Guarantor, or any security, without affecting or impairing in any way the liability of the
Guarantors hereunder except to the extent that the Obligations have been fully, finally and indefeasibly
paid in cash. Each of the Guarantors waives any defense arising out of any such election even though
such election operates to impair or to extinguish any right of reimbursement or subrogation or other
right or remedy of such Guarantor against the Borrowers or any other Guarantor, as the case may be, or any security.

                Section
2.04.     Continuation and Reinstatement, etc.  The Guarantors jointly and severally agree that the guarantee hereunder shall continue to be
effective or shall be reinstated, as the case may be, if at any time payment, or any part thereof,
in respect of any Obligation is rescinded or must otherwise be restored by any Secured Party upon
the bankruptcy or reorganization of any Credit Party, or otherwise. 

                Section
2.05.     Subrogation. The Guarantors jointly and severally agree that throughout the period referred to in clause (ii)
of Section 4.02(a) hereof no Guarantor shall (i) exercise, and each hereby waives, any rights
against the Borrowers and any other guarantor arising as a result of payment by such Guarantor hereunder,
by way of subrogation, reimbursement, restitution, contribution or otherwise, (ii) prove any
claim in competition with any Secured Party in respect of any payment hereunder in any bankruptcy,
insolvency or reorganization case or proceeding of any nature, or (iii) have any benefit of
or any right to participate in any collateral security that may be held by any Secured Party for
the Obligations.

                Section
2.06.     Subordination. The payment of any amounts due with respect to any indebtedness of any Credit Party now or hereafter
owed to any Guarantor (including, without limitation, any such indebtedness arising by way of subrogation,
reimbursement, restitution, contribution or otherwise in respect of performance by such Guarantor
hereunder) is hereby subordinated to the prior full, final, and indefeasible payment in cash of all
Obligations. If, 

	

4

	
notwithstanding the foregoing sentence, any Guarantor shall collect, enforce or receive any amounts
in respect of such indebtedness, such amounts shall be collected, enforced and received by such Guarantor
as trustee for the Secured Parties and be paid over to the Administrative Agent on account of and
to be applied against the Obligations, without affecting in any manner the liability of such Guarantor
under the other provisions of this Agreement.

                Section
2.07.     Remedies. The Guarantors jointly and severally agree that, as between the Guarantors and the Secured Parties,
the obligations of the Borrowers under the Credit Agreement may be declared to be forthwith due and
payable as provided in Article VII of the Credit Agreement (and shall be deemed to have become automatically
due and payable in the circumstances provided in clause (h) or (i) of said Article VII) for purposes
of the guarantee hereunder notwithstanding any stay, injunction or other prohibition preventing such
declaration (or such obligations from becoming automatically due and payable) as against the Borrowers
and that, in the event of such declaration (or such obligations’ being deemed to have become
automatically due and payable), such obligations (whether or not due and payable by the Borrowers)
shall forthwith become due and payable by the Guarantors for purposes hereof.

                Section
2.08.     Payment. Each Guarantor hereby agrees that any Secured Party, at its sole option, in the event of a dispute
by such Guarantor in the payment of any moneys due hereunder, shall have the right to proceed under
New York CPLR Section 3213.

                Section
2.09.     Continuing Guarantee. The guarantee hereunder is a continuing guarantee, and shall apply to all Obligations whenever arising.

                Section
2.10.     Rights of Contribution. The Guarantors hereby agree, as among themselves, that if any Guarantor shall become an Excess Funding
Guarantor (as defined below) by reason of the payment by such Guarantor of any Obligations, each
other Guarantor shall, on demand of such Excess Funding Guarantor, pay to such Excess Funding Guarantor
an amount equal to such Guarantor’s Pro Rata Share (as defined below and determined, for this
purpose, without reference to the properties, debts and liabilities of such Excess Funding Guarantor)
of the Excess Payment (as defined below) in respect of such Obligations; provided, however, that
the payment obligation of a Guarantor to any Excess Funding Guarantor under this Section 2.10 shall
be subordinate and subject in right of payment to the Obligations in accordance with Section 2.06
hereof. For purposes of this Section 2.10, (i) “Excess Funding Guarantor” shall mean, in
respect of any Obligations, a Guarantor that has paid an amount in excess of its Pro Rata Share of
such Obligations, (ii) “Excess Payment” shall mean, in respect of any Obligations, the
amount paid by an Excess Funding Guarantor in excess of its Pro Rata Share of such Obligations and
(iii) “Pro Rata Share” shall mean, for any Guarantor, the fraction the numerator of which
is (x) the amount by which the aggregate fair saleable value of all properties of such Guarantor
(excluding any shares of stock of any other Guarantor) exceeds the amount of all the debts and liabilities
of such Guarantor (including contingent, subordinated, unmatured and unliquidated liabilities, but
excluding the obligations of such Guarantor hereunder and any obligations of any other Guarantor
that have been guaranteed by such Guarantor) and the denominator of which is (y) the amount by which
the aggregate fair saleable value of all properties of all of the Guarantors exceeds the amount of
all the debts and liabilities (including contingent, subordinated, 

	

5

	
unmatured, and unliquidated liabilities, but excluding the obligations of the Guarantors hereunder)
of all the Guarantors, determined (A) with respect to any Guarantor that is a party hereto on the
date hereof, as of the date hereof, and (B) with respect to any other Guarantor, as of the date such
Guarantor becomes a Guarantor.

                Section
2.11.     General Limitation on Guarantee. In any action or proceeding involving any state corporate law, or any state or Federal bankruptcy,
insolvency, reorganization or other law affecting the rights of creditors generally, if the obligations
of any Guarantor under Section 2.01 hereof would otherwise, taking into account the provisions of
Section 2.10 hereof, be held or determined to be void, invalid or unenforceable, or subordinated
to the claims of any other creditors, on account of the amount of its liability under said Section
2.01, then, notwithstanding any other provision hereof to the contrary, the amount of such liability
shall, without any further action by such Guarantor, any Secured Party, or any other Person, be automatically
limited and reduced to the highest amount that is valid and enforceable and not subordinated to the
claims of other creditors as determined in such action or proceeding.

                Section
2.12.     Other Guarantors. This Agreement shall remain the unconditional, absolute, and irrevocable obligation of each Guarantor
signatory hereto regardless of whether any other Person (i) becomes a party hereto obligated as a
Guarantor hereunder or otherwise as a guarantor in respect of the Obligations (whether or not the
Credit Agreement requires that such Person be or become a Guarantor) or (ii) fails to become or ceases
to be a party hereto or otherwise fails to become or ceases to be a Guarantor of the Obligations
(whether or not the Credit Agreement requires that such Person be or become a Guarantor).

                Section
2.13.     Information. Each Guarantor assumes all responsibility for being and keeping itself informed of the financial
condition and assets of the Borrowers, and of all other circumstances bearing upon the risk of nonpayment
of the Obligations and the nature, scope and extent of the risks that such Guarantor assumes and
incurs hereunder, and agrees that no Secured Party has or will have any duty to advise any of the
Guarantors of information regarding such circumstances or risks.

                Section
3.01.     Representation and Warranties  Each Guarantor represents and warrants that all representations and warranties relating to it
in the Credit Agreement are true and correct.

                Section
4.01.     Amendment; Waiver. No amendment or waiver of any provision of this Agreement, nor consent to any departure by any Guarantor
therefrom, shall in any event be effective unless the same shall be in writing and signed by the
Administrative Agent with the written consent of the Required Lenders. Any such waiver, consent or
approval shall be effective only in the specific instance and for the purpose for which given. No
notice to or demand on any Guarantor in any case shall entitle any Guarantor to any other or further
notice or demand in the same, similar or other circumstances. No waiver by any Secured Party of any
breach or default of or by any Guarantor under this Agreement shall be deemed a waiver of any other
previous breach or default or any thereafter occurring.

	

6

	
                Section
4.02.      Survival; Severability. 

                                            (a)     All
covenants, agreements, representations and warranties made by the Guarantors herein and in the certificates
or other instruments prepared or delivered in connection with or pursuant to this Agreement or any
other Loan Document (i) shall be considered to have been relied upon by the Lenders and the other
Secured Parties and shall survive the making by the Lenders of the Loans, and the execution and delivery
to the Lenders of any Notes evidencing such Loans, regardless of any investigation made by the Secured
Parties or on their behalf, and (ii) shall continue in full force and effect as long as any of the
Obligations is outstanding and unpaid or the LC Exposure does not equal zero and as long as the Revolving
Credit Commitments have not been terminated. 

                                            (b)     Any
provision of this Agreement that is illegal, invalid or unenforceable in any jurisdiction shall,
as to such jurisdiction, be ineffective to the extent of such illegality, invalidity or unenforceability
without invalidating the remaining provisions hereof or affecting the legality, validity or enforceability
of such provisions in any other jurisdiction. The parties hereto agree to negotiate in good faith
to replace any illegal, invalid or unenforceable provision of this Agreement with a legal, valid
and enforceable provision that, to the extent possible, will preserve the economic bargain of this
Agreement, or to otherwise amend this Agreement to achieve such result.

                Section
4.03.     Successors and Assigns. Whenever in this Agreement any of the parties hereto is referred to, such reference shall be deemed
to include the successors and assigns of such party; and all covenants, promises and agreements by
or on behalf of any Credit Party that are contained in this Agreement shall bind and inure to the
benefit of each party hereto and their respective successors and assigns. No Credit Party may assign
or transfer any of its rights or obligations hereunder except as expressly contemplated by this Agreement
or the other Loan Documents (and any such attempted assignment shall be void).

                Section
4.04.     GOVERNING LAW. THIS AGREEMENT SHALL BE CONSTRUED IN ACCORDANCE WITH AND GOVERNED BY THE LAW OF THE STATE OF NEW
YORK WITHOUT REFERENCE TO CHOICE OF, OR CONFLICT OF LAW PRINCIPLES.

                Section
4.05.     Headings; Interpretation. The Article and Section headings in this Agreement are for convenience only and shall not affect
the construction hereof. The rules of interpretation of Section 1.03 of the Credit Agreement shall
apply to this Agreement.

                Section
4.06.     Notices. Notices, consents and other communications provided for herein shall (except as otherwise expressly
permitted herein) be in writing and given as provided in Section 9.01 of the Credit Agreement. Communications
and notices to any Guarantor shall be given to it at its address set forth in Schedule A hereto.

                Section
4.07.     Counterparts; Additional Guarantors.     (a)     This Agreement may be executed in separate counterparts (telecopy of any executed counterpart
having the same effect as 

	

7

	
manual delivery thereof), each of which shall constitute an original, but all of which, when taken
together, shall constitute but one Agreement.

                                               (b)     Upon
execution and delivery after the date hereof by the Administrative Agent and a Subsidiary of the
Company of an instrument in the form of Exhibit 4.07(b) hereto, such Subsidiary shall become a Guarantor hereunder with the same force and effect as if originally
named as a Guarantor herein. The execution and delivery of such instrument shall not require the
consent of any Guarantor hereunder. The rights and obligations of each Guarantor hereunder shall
remain in full force and effect notwithstanding the addition of, or the failure to add, any new Guarantor
as a party hereto, in each case whether or not required under the Credit Agreement.

                Section
4.08.      Right of Setoff.  Each Guarantor hereby agrees that 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 Guarantor against any of and
all the obligations of such Guarantor now or hereafter existing under this Agreement or any other
Loan Document held by such Lender, irrespective of whether or not such Lender shall have made any
demand under this Agreement or such other Loan Document and although such obligations may be unmatured.
The rights of each Lender under this Section are in addition to other rights and remedies (including
other rights of setoff) that such Lender may have.

                Section
4.09.      Jurisdiction; Consent to Service of Process.

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

                                            (b)     Each
Guarantor hereby irrevocably and unconditionally waives, to the fullest extent it may legally and
effectively do so, any objection which it may now or hereafter have to the laying of venue of any
suit, action or proceeding arising out of or relating to this Agreement in any court referred to
in the preceding paragraph. Each of the parties hereto hereby 

	

8

	
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.

                                            (c)     Each
party to this Agreement irrevocably consents to service of process in the manner provided for notices
in Section 4.06. Nothing in this Agreement will affect the right of any party to this Agreement to
serve process in any other manner permitted by law.

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

[BALANCE OF PAGE INTENTIONALLY LEFT BLANK.]

	

9

	
                 IN WITNESS WHEREOF, the parties hereto have caused this Amended and Restated Subsidiary Guarantee Agreement
to be duly executed and delivered by their respective officers or representatives as of the day and
year first above written.

	 

	           	           
	 	LIPPERT TIRE & AXLE, INC.
	        	                  
	               	                 
	 	By: /s/ Fredric M. Zinn
	 	      —————————————————
	 	      Name: Fredric M. Zinn
	 	      Title:   Vice President
	         	        
	         	           
	 	KINRO HOLDING, INC.
	           	            
	        	          
	 	By: /s/ Fredric M. Zinn
	 	      —————————————————
	 	      Name: Fredric M. Zinn
	 	      Title:   Chief Financial Officer
	              	               
	             	          
	 	LIPPERT TIRE & AXLE HOLDING, INC.
	            	            
	        	          
	 	By: /s/ Fredric M. Zinn
	 	      —————————————————
	 	      Name: Fredric M. Zinn
	 	      Title:   Chief Financial Officer
	          	         
	          	          
	 	LIPPERT HOLDING, INC.
	                    	            
	            	            
	 	By: /s/ Fredric M. Zinn
	 	      —————————————————
	 	      Name: Fredric M. Zinn
	 	      Title:   Chief Financial Officer
	                   	                  
	           	             
	 	KINRO MANUFACTURING, INC.
	                   	                 
	           	                
	 	By: /s/ Fredric M. Zinn
	 	      —————————————————
	 	      Name: Fredric M. Zinn
		      Title:   Vice President

	

10

	
	 

	 	LIPPERT COMPONENTS MANUFACTURING, INC.
	                               
	                  
	 	By: /s/ Fredric M. Zinn
	 	      ——————————————————————
	 	      Name:  Fredric M. Zinn
	 	      Title:    Vice President
	                  
	                     
	 	KINRO TEXAS LIMITED PARTNERSHIP
	                    
	             
		 	By:	 KINRO MANUFACTURING, INC., 
		 	 	its general partner
	              
	             
		 	 	By:	/s/ Fredric M. Zinn
		 	 	 	———————————————
		 	 	 	Name:	 Fredric M. Zinn
		 	 	 	Title:	Vice President
	                     
	                   
		KINRO TENNESSEE LIMITED PARTNERSHIP 
	                
	                
		 	 	By:	KINRO MANUFACTURING, INC., 
		 	 	 	its general partner
	                  
	            
		 	 	By:	/s/ Fredric M. Zinn
		 	 	 	———————————————
		 	 	 	Name: 	Fredric M. Zinn
		 	 	 	Title:	Vice President
	                    
	            
		LIPPERT TIRE & AXLE TEXAS LIMITED PARTNERSHIP
	                     
	              
		 	By:	LIPPERT COMPONENTS MANUFACTURING,

INC.,  its general partner   
	                
	               
		 	 	By:	/s/ Fredric M. Zinn
		 	 	 	———————————————
		 	 	 	Name: 	Fredric M. Zinn
		 	 	 	Title:	Vice President

	 
	

	

11

	 	LIPPERT COMPONENTS TEXAS LIMITED PARTNERSHIP
	              
	           

		By:  LIPPERT COMPONENTS MANUFACTURING, INC.,

       
its general partner
	                   
	               

	 	By: /s/ Fredric M. Zinn
		       ———————————————
	 	      Name: Fredric M. Zinn
	 	      Title:   Vice President
	                   
	           

	 	BBD REALTY TEXAS LIMITED PARTNERSHIP
	             
	           

		By:  KINRO MANUFACTURING, INC., 
		        its general partner
	            
	             

	 	By: /s/ Fredric M. Zinn
		       ———————————————
	 	       Name: Fredric M. Zinn
	 	       Title:   Vice President
	           
	           

	 	LD REALTY, INC.
	                  
	                
	 	By: /s/ Fredric M. Zinn
		      ———————————————
	 	      Name: Fredric M. Zinn
	 	      Title:   Vice President
	            
	           
	 	LTM MANUFACTURING, L.L.C.
	              
	             
	 	By: /s/ Fredric M. Zinn
		      ———————————————
	 	      Name: Fredric M. Zinn
	 	      Title:   Vice President

	

12

	
	 

	 	COIL CLIP, INC.
	            
	           
	 	By: /s/ Fredric M. Zinn
		      ———————————————
	 	      Name: Fredric M. Zinn
		      Title:   Chief Financial Officer
	            
	               
	 	ZIEMAN MANUFACTURING COMPANY
	                 
	              
	 	By: /s/ Fredric M. Zinn
		      ———————————————
	 	      Name: Fredric M. Zinn
		      Title:   Vice President
	              
	             
	 	JPMORGAN CHASE BANK, N.A.
	 	as Administrative Agent
	            
	            
	 	By: /s/ Florence M. Reap
		      ———————————————
	 	      Name: Florence M. Reap
	 	      Title:   Vice President 

	

13

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