Document:

exv10w1

Exhibit
10.1

 

STOCK PURCHASE AGREEMENT

by and among

LOCAL.COM CORPORATION,

KRILLION, INC.,

THE STOCKHOLDERS OF KRILLION, INC.,

and

HUMMER WINBLAD VENTURE PARTNERS V, L.P., AS STOCKHOLDERS’ AGENT

Dated as of April 29, 2011

 

 

 

TABLE OF CONTENTS

	 	 	 	 	 
	 	 	PAGE	 
	ARTICLE I            SALE AND PURCHASE OF SHARES; RELATED TRANSACTIONS
	 	 	 	 
	1.1. Sale and Purchase of Shares
	 	 	1	 
	1.2. Closing
	 	 	1	 
	1.3. Purchase Price
	 	 	1	 
	1.4. Working Capital Adjustment
	 	 	2	 
	1.5. Surrender of Certificates
	 	 	3	 
	1.6. Taking of Necessary Action; Further Action
	 	 	4	 
	1.7. Tax Withholding
	 	 	4	 
	1.8. Transfer Taxes
	 	 	4	 
	 
	 	 	 	 
	ARTICLE II            REPRESENTATIONS AND WARRANTIES OF THE COMPANY AND THE MAJOR
	 	 	 	 
	STOCKHOLDERS
	 	 	 	 
	2.1. Organization and Qualification
	 	 	4	 
	2.2. Certificate of Incorporation and Bylaws
	 	 	5	 
	2.3. Subsidiaries
	 	 	5	 
	2.4. Capitalization
	 	 	5	 
	2.5. Authority and Enforceability
	 	 	6	 
	2.6. No Conflicts
	 	 	6	 
	2.7. Financial Statements
	 	 	7	 
	2.8. Absence of Certain Changes
	 	 	7	 
	2.9. Intellectual Property
	 	 	9	 
	2.10. Contracts
	 	 	12	 
	2.11. Title to Property
	 	 	14	 
	2.12. Leased Real Property
	 	 	14	 
	2.13. Bank Accounts
	 	 	14	 
	2.14. Receivables; Major Customers
	 	 	14	 
	2.15. Litigation
	 	 	15	 
	2.16. Permits
	 	 	15	 
	2.17. Taxes
	 	 	15	 
	2.18. Employee Benefit Matters
	 	 	16	 
	2.19. Certain Interests
	 	 	19	 
	2.20. Insurance
	 	 	19	 
	2.21. Brokers; Termination Fees
	 	 	20	 
	2.22. Compliance with Law
	 	 	20	 
	2.23. No Acquisition Proposals
	 	 	20	 
	2.24. No Misstatements
	 	 	20	 
	 
	 	 	 	 
	ARTICLE III            REPRESENTATIONS AND WARRANTIES OF THE COMPANY STOCKHOLDERS
	 	 	 	 
	3.1. Organization and Qualification
	 	 	21	 
	3.2. Authority and Enforceability
	 	 	21	 
	3.3. Ownership of the Shares
	 	 	21	 
	3.4. No Conflicts; Consents
	 	 	21	 

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TABLE OF CONTENTS

(continued)

	 	 	 	 	 
	 	 	PAGE	 
	3.5. Litigation
	 	 	21	 
	3.6. Tax Advisors
	 	 	22	 
	3.7. Brokers
	 	 	22	 
	3.8. No Misstatements
	 	 	22	 
	 
	 	 	 	 
	ARTICLE IV            REPRESENTATIONS AND WARRANTIES OF PURCHASER
	 	 	 	 
	4.1. Organization and Qualification
	 	 	22	 
	4.2. No Conflict
	 	 	22	 
	4.3. Authority and Enforceability
	 	 	23	 
	4.4. Brokers
	 	 	23	 
	 
	 	 	 	 
	ARTICLE V            ADDITIONAL AGREEMENTS
	 	 	 	 
	5.1. Confidentiality
	 	 	23	 
	5.2. Public Disclosure
	 	 	23	 
	5.3. Treatment of Company Options
	 	 	24	 
	5.4. Termination of Benefit Plans
	 	 	24	 
	5.5. Tax Matters
	 	 	24	 
	5.6. Expenses
	 	 	26	 
	 
	 	 	 	 
	ARTICLE VI            CLOSING DELIVERABLES
	 	 	 	 
	6.1. Closing Deliveries by Purchaser
	 	 	26	 
	6.2. Closing Deliveries by the Company
	 	 	26	 
	 
	 	 	 	 
	ARTICLE VII            ESCROW AND INDEMNIFICATION
	 	 	 	 
	7.1. Escrow Fund
	 	 	28	 
	7.2. Survival Period
	 	 	28	 
	7.3. Indemnification
	 	 	29	 
	7.4. Limitations
	 	 	30	 
	7.5. Indemnification Procedures
	 	 	31	 
	7.6. Stockholders’ Agent
	 	 	32	 
	7.7. Actions of the Stockholders’ Agent
	 	 	33	 
	 
	 	 	 	 
	ARTICLE VIII GENERAL PROVISIONS
	 	 	 	 
	8.1. Notices
	 	 	33	 
	8.2. Severability
	 	 	34	 
	8.3. Assignment, Binding Effect, Benefit
	 	 	34	 
	8.4. Incorporation of Exhibits
	 	 	35	 
	8.5. Specific Performance
	 	 	35	 
	8.6. Governing Law; Forum
	 	 	35	 
	8.7. Time of the Essence
	 	 	35	 
	8.8. Waiver of Jury Trial
	 	 	35	 
	8.9. Construction
	 	 	35	 
	8.10. Further Assurances
	 	 	35	 
	8.11. Amendments and Waivers
	 	 	36	 

- ii -

 

TABLE OF CONTENTS

(continued)

	 	 	 	 	 
	 	 	PAGE	 
	8.12. Headings
	 	 	36	 
	8.13. Counterparts
	 	 	36	 
	8.14. Entire Agreement
	 	 	36	 

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	EXHIBITS	 	 	 	 
	Exhibit A

	 	—
	 	Definitions
	 
	 	 	 	 
	Exhibit B-1

	 	—
	 	Form of Employment Agreement
	 
	 	 	 	 
	Exhibit B-2

	 	—
	 	Form of Transitional Payment Agreement
	 
	 	 	 	 
	Exhibit C

	 	—
	 	Form of FIRPTA Certificate
	 
	 	 	 	 
	Exhibit D

	 	—
	 	Form of Escrow Agreement
	 
	 	 	 	 
	Exhibit E

	 	—
	 	Form of Proprietary Information and Inventions Assignment Agreement
	 
	 	 	 	 
	Exhibit F

	 	—
	 	Form of Company Legal Opinion
	 
	 	 	 	 

	 	 	 	 	 
	SCHEDULES	 	 	 	 
	Schedule 1-A

	 	—
	 	Company Stockholders
	 
	 	 	 	 
	Schedule 1-B

	 	—
	 	Key Employees
	 
	 	 	 	 
	Schedule 1.4(a)

	 	—
	 	Estimated Closing Balance Sheet
	 
	 	 	 	 
	Schedule 1.5(b)

	 	—
	 	Final Conversion Schedule
	 
	 	 	 	 
	Schedule 5.6

	 	—
	 	Company Fees and Expenses

i

 

STOCK PURCHASE AGREEMENT

     This STOCK PURCHASE AGREEMENT (this “Agreement”), dated as of April 29, 2011, is
entered into by and among Local.com Corporation, a Delaware corporation (“Purchaser”),
Krillion, Inc., a Delaware corporation (the “Company”), all of the stockholders of the
Company, each of whom are listed on Schedule 1-A hereto (the “Company Stockholders”), and
Hummer Winblad Venture Partners V, L.P., as stockholders’ agent (the “Stockholders’
Agent”). Capitalized terms used in this Agreement are defined on Exhibit A.

RECITALS

     WHEREAS, the Company Stockholders collectively own all of the issued and outstanding shares of
the Company’s Common Stock and Preferred Stock (the “Shares”); and

     WHEREAS, the Company Stockholders desire to sell, and Purchaser desires to purchase (the
“Share Purchase”), all of the Shares, all in accordance with the terms and conditions set
forth in this Agreement.

     NOW, THEREFORE, in consideration of the foregoing and the respective covenants, agreements,
representations and warranties set forth herein, and for other good and valuable consideration, the
receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows:

ARTICLE I

SALE AND PURCHASE OF SHARES; RELATED TRANSACTIONS

     1.1. Sale and Purchase of Shares. At the Closing, the Company Stockholders shall
sell, assign, transfer and deliver the Shares to the Purchaser, and the Purchaser shall purchase
the Shares from the Company Stockholders, on the terms and subject to the conditions set forth in
this Agreement.

     1.2. Closing. The closing of the Share Purchase (the “Closing”) shall take
place at the offices of Purchaser at 10:00 a.m. California time on the date hereof or on such other
date, or at such other time or place, as shall be agreed to in writing by the parties hereto. All
deliveries to be made or other actions to be taken at the Closing shall be deemed to occur
simultaneously, and no such delivery or action shall be deemed complete until all such deliveries
and actions have been completed or the relevant parties have agreed to waive such delivery or
action. If the Closing does not occur, any delivery made or other action taken at the Closing
shall be deemed not to have occurred and be without force or effect.

     1.3. Purchase Price. As consideration for the Shares, Purchaser agrees to pay to the
Company Stockholders the purchase price, payable as follows:

          (a) As consideration for each share of the Company’s Common Stock, $0.0001 par value per
share, issued and outstanding immediately prior to the Closing (the “Company Common
Stock”), Purchaser agrees to pay to each holder thereof at the Closing and upon delivery by
such holder of his, her or its Company Certificate(s) representing such shares of the Company
Common Stock, a per share amount in cash equal to $0.0001 (the “Initial Common Amount Per
Share”). The aggregate purchase price payable for all shares of Company Common Stock
outstanding immediately prior to the Closing pursuant to this Section 1.3(a) is referred to herein
as the “Common Stock Consideration”.

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          (b) As consideration for each share of the Company’s Preferred Stock, $0.0001 par value per
share, issued and outstanding immediately prior to the Closing (the “Company Preferred
Stock”), Purchaser agrees to pay each holder thereof:

          (i) at the Closing and upon delivery by such holder of his, her or its Company
Certificate(s) representing such shares of the Company Preferred Stock, a per share amount in
cash equal to the quotient resulting from dividing (i) an amount equal to (A) $3,500,000
minus (B) the Common Stock Consideration minus (C) the Secured Notes Payment Amount minus (D)
the Escrow Amount minus (E) the Company Fees and Expenses minus (F) all amounts due and owing
under the Purchaser Promissory Note minus (G) the Negative Estimated Working Capital
Adjustment, if any, and plus, (H) the Positive Estimated Working Capital Adjustment, if any,
by (ii) the number of shares of Company Preferred Stock outstanding as of immediately prior
to the Closing;

          (ii) such holder’s Proportionate Escrow Share of the Working Capital Adjustment
Consideration (if any) at such time and subject to such terms and conditions as set forth in
Section 1.4(e); and

          (iii) such holder’s Proportionate Escrow Share of the final amount, if any, released
from the Escrow Fund pursuant to Article VII.

The aggregate purchase price payable for all shares of Company Preferred Stock outstanding
immediately prior to the Closing pursuant to this Section 1.3(b) is referred to herein as the
“Preferred Stock Consideration”.

          (c) At the Closing, Purchaser shall pay the full Secured Notes Payment Amount to the holders
thereof subject to Section 6.2(g).

     1.4. Working Capital Adjustment.

          (a) Attached as Schedule 1.4(a) is the Company’s estimated balance sheet as of the
close of business on the Closing Date prepared in accordance with United States generally accepted
accounting principles (“GAAP”) consistently applied (the “Estimated Closing Balance
Sheet”). The Company’s estimate of its Working Capital (the “Estimated Working Capital
Value”) shall be calculated based on the difference between the current assets and the current
liabilities (excluding accrued vacation and PTO of employees and Company Fees and Expenses) of the
Company as reflected on the Estimated Closing Balance Sheet. To the extent the Estimated Working
Capital Value is less than $0, such difference shall be deemed to be the Negative Estimated Working
Capital Adjustment. To the extent the Estimated Working Capital Value is greater than $0, such
excess shall be deemed to be the Positive Estimated Working Capital Adjustment.

          (b) As soon as practicable (but in no case more than thirty (30) days) after the Closing Date,
Purchaser shall prepare and provide to the Stockholders’ Agent an unaudited balance sheet of the
Company as of the close of business on the Closing Date (the “Proposed Closing Balance
Sheet”) that has been prepared in a manner consistent with the preparation of the Estimated
Closing Balance Sheet, including preparation in accordance with GAAP consistently applied.
The Stockholders’ Agent shall provide such assistance in the preparation of the Proposed Closing
Balance Sheet as shall be reasonably requested by Purchaser. In connection with the delivery of
the Proposed Closing Balance Sheet, Purchaser shall also deliver to the Stockholders’ Agent a
worksheet which sets forth Purchaser’s revised calculation of the Working Capital as of the Closing
Date (the “Proposed Working Capital Value”).

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          (c) Following the Stockholders’ Agent receipt of the items set forth in Section 1.4(b) above,
the Stockholders’ Agent shall notify Purchaser in writing within thirty (30) days if the
Stockholders’ Agent disagrees with the adjustments resulting in the Proposed Working Capital Value,
in which case the Stockholders’ Agent and Purchaser shall seek in good faith to resolve any
differences that they may have with respect to the calculation of the Proposed Working Capital
Value. If Purchaser has not received any such written notice from the Stockholders’ Agent within
thirty (30) days after delivering the items set forth in Section 1.4(b), then the Stockholders’
Agent shall be deemed to have accepted the calculation of the Proposed Working Capital Value and
such value shall be deemed the “Final Working Capital Value” for purposes of this
Agreement.

          (d) If the parties are unable to reach an agreement on the Proposed Working Capital Value
within thirty (30) days after delivery of notice of disagreement by Stockholders’ Agent, then
Purchaser and the Stockholders’ Agent shall jointly engage a Designated Accounting Firm promptly to
determine the amount of the Final Working Capital Value, which determination shall be final and
binding on the parties. The fees, costs and expenses of the Designated Accounting Firm shall be
paid by the non-prevailing party or in such other equitable allocation as may be determined in
either case by the Designated Accounting Firm (and any fees incurred by the Stockholders’ Agent
shall be deemed Agent Expenses hereunder).

          (e) Within ten (10) days after the determination of the Final Working Capital Value, (i) to
the extent the Final Working Capital Value is greater than the Estimated Working Capital Value,
Purchaser shall pay in cash to each Preferred Stockholder such Preferred Stockholder’s
Proportionate Escrow Share of the amount by which the Final Working Capital Value exceeds the
Estimated Working Capital Value (the “Working Capital Adjustment Consideration”), or (ii)
to the extent the Final Working Capital Value is less than the Estimated Working Capital Value, the
Escrow Agent shall pay to Purchaser from the Escrow Fund the amount by which the Estimated Working
Capital Value exceeds the Final Working Capital Value, as the case may be.

     1.5. Surrender of Certificates.

          (a) Procedure. Concurrently herewith, the Company Stockholders are delivering to
Purchaser share certificates representing the Shares, duly endorsed for transfer or accompanied by
duly signed powers of attorney for transfers (each such certificate, a “Company
Certificate”). Upon surrender of all Company Certificates held by a Company Stockholder to
Purchaser or to such other agent or agents as may be appointed by Purchaser, the Company
Certificates so surrendered shall forthwith be cancelled following the issuance to the Purchaser of
new shares of Company Common Stock.

          (b) Conversion Schedule. Attached as Schedule 1.5(b) is a schedule (the
“Final Conversion Schedule”) showing for each Company Stockholder as of the Closing: (i)
the number and class of Shares held, (ii) a calculation of the amount payable to such Company
Stockholder at the Closing pursuant to Section 1.3 and (iv) such Company Stockholder’s
Proportionate Escrow Share of the Escrow Amount (assuming no claims for Losses pursuant to Article
VII). An officer of the Company shall certify that the Final Conversion Schedule correctly
reflects the calculations required to be made pursuant to this Agreement, and the Company shall
deliver the Final Conversion Schedule together with such certification to Purchaser at Closing.

     1.6. Taking of Necessary Action; Further Action. If, at any time after the Closing,
any further action is necessary or desirable to carry out the purposes of this Agreement and to
vest Purchaser with full right, title and possession to all of the outstanding shares of Company
Capital Stock, the officers and directors of Purchaser and the Company are fully authorized in the
name of their respective entities or

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otherwise to take, and will take, all such lawful and necessary action, so long as such action
is not inconsistent with this Agreement.

     1.7. Tax Withholding. Purchaser shall be entitled to deduct and withhold from the
purchase price payable hereunder, or other payment otherwise payable pursuant to this Agreement or
the Escrow Agreement, the amounts required to be deducted and withheld under the Code, or any
provision of any U.S. federal, state, local or foreign Tax Law. Any amounts so withheld shall be
paid over to the appropriate Governmental Authority. To the extent that amounts are so deducted
and withheld, such deducted and withheld amounts shall be treated for all purposes of this
Agreement as having been paid to such holder in respect of whom such deduction and withholding was
made.

     1.8. Transfer Taxes. All transfer, documentary, sales, use, stamp, registration and
other such Taxes and fees (including any penalties and interest) imposed on any Company Stockholder
or other Person entitled to receive the purchase price pursuant to the terms of this Agreement
shall be borne and paid by such Company Stockholder or Person.

ARTICLE II

REPRESENTATIONS AND WARRANTIES OF THE COMPANY

     The Company represents and warrants to Purchaser that the statements contained in this Article
II are true and correct, except as set forth in the disclosure schedule delivered by the Company to
Purchaser concurrently with the execution of this Agreement (the “Company Disclosure
Schedule”). The Company Disclosure Schedule shall be arranged according to specific sections
in this Article II and shall provide exceptions to, or otherwise qualify in reasonable detail, the
corresponding section in this Article II (unless and to the extent the relevance of such disclosure
to other representations and warranties is readily apparent from the actual text of the disclosed
exception, in which case such disclosure shall also be deemed to qualify such other
representation(s) and warranty(ies)):

     2.1. Organization and Qualification. The Company is a corporation duly organized,
validly existing and in good standing under the laws of the State of Delaware. The Company has all
requisite corporate power and authority to (i) conduct its business in the manner in which its
business is currently being conducted, (ii) own and use its assets in the manner in which its
assets are currently owned and used and (iii) to perform its obligations under all Company
Contracts. The Company is duly qualified to do business and is in good standing in Delaware,
California and in each other jurisdiction in which the assets owned or leased by the Company, or
the operation of the Company’s business, makes such qualification necessary, except where the
failure to be so organized, existing, qualified and in good standing would not individually or in
the aggregate reasonably be expected to have a Material Adverse Effect.

     2.2. Certificate of Incorporation and Bylaws. The Company has delivered to Purchaser
a true and correct copy of (i) the certificate of incorporation and bylaws or other charter
documents, as applicable, of the Company, and all amendments thereto (the “Charter
Documents”); (ii) the minute books containing all consents, actions and meetings of the Company
Board (and any committees thereof) and Company Stockholders; and (iii) the stock transfer books of
the Company setting forth all issuances or transfers of any of the Company’s capital stock. The
Charter Documents are in full force and effect and the Company is not in violation of any
provisions therein. The corporate minute books, stock registers and other corporate records of the
Company that have been provided to Purchaser are complete and accurate, and the signatures
appearing on all documents contained therein are the true signatures of the Persons purported to
have signed the same.

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     2.3. Subsidiaries. The Company has no subsidiaries and does not own, of record or
beneficially, or control (nor has it ever owned or controlled) any direct or indirect interest, or
any right to acquire any such right (contingent or otherwise) in any corporation, partnership,
joint venture, association or other entity.

     2.4. Capitalization.

          (a) The Company’s authorized capital stock consists of 25,777,800 shares of Common Stock,
$0.0001 par value per share, 15,515,900 shares of Series A Preferred Stock, $0.0001 par value per
share, and 15,515,900 shares of Series A-1 Preferred Stock, $0.0001 par value per share. As of
immediately prior to the Closing, 7,462,700 shares of Common Stock, 15,431,313 shares of Series A
Preferred Stock and no shares of Series A-1 Preferred Stock were issued and outstanding. The
Shares constitute all of the outstanding shares of Company Capital Stock as of immediately prior to
the Closing, and all of the Shares (i) have been duly authorized and validly issued, (ii) are fully
paid and non-assessable, and (iii) have been issued in full compliance with all applicable
securities laws and other applicable Laws and any right of first refusal or similar right or
limitation, including those in the Charter Documents. None of the Shares are subject to preemptive
rights created by statute, the Charter Documents, or any agreement to which the Company is a party
or by which it is bound. None of the Shares are unvested or are subject to a repurchase option,
substantial risk of forfeiture or other similar condition under any applicable restricted stock
purchase agreement or other similar agreement with the Company.

          (b) The Company has reserved 4,569,181 shares of Common Stock for issuance under the Company’s
2006 Stock Plan (the “Company Stock Plan”), of which options to purchase 2,200,391 shares
of Common Stock are outstanding as of immediately prior to the Closing. Except for the Company
Stock Plan, the Company has never adopted, sponsored or maintained any stock option plan or any
other plan, arrangement or agreement providing for equity compensation to any Person.

          (c) As of immediately prior to the Closing, the Company had outstanding Secured Notes in the
aggregate principal amount of $698,904.11. The Secured Notes have not been repaid prior to the
Closing, and as of immediately prior to the Closing remain issued and outstanding. The Share
Purchase will be deemed a “Corporation Transaction” under the terms of the Secured Notes and the
full amount due and payable under the Secured Notes upon the Closing will be $698,904.11 in the
aggregate (the “Secured Notes Payment Amount”).

          (d) Except as set forth in Section 2.4(d) of the Company Disclosure Schedule, and except as
included in Sections 2.4(a), 2.4(b) and 2.4(c) above, there are no options, warrants or other
rights, agreements, arrangements or commitments of any character, whether or not contingent,
relating to the issued or unissued capital stock of the Company or obligating the Company to issue
or sell any share of capital stock of, or other equity interest in, the Company. The Company does
not have outstanding any bonds, debentures, notes or other obligations the holders of which have
the right to vote (or which are convertible into or exercisable for securities having the right to
vote) with the Company Stockholders on any matter. Except for the Stockholder Agreements which are
to be terminated immediately prior to Closing in accordance with Section 6.2(j) and the Secured
Notes, there are no Contracts under which the Company is or may become obligated to sell or
otherwise issue any shares of Company Capital Stock or any other securities. As a result of the
Share Purchase, Buyer will be the sole record and beneficial holder of all issued and outstanding
Company Capital Stock and all rights to acquire or receive any Company Capital Stock, whether or
not such Company Capital Stock is outstanding.

          (e) Except as set forth in Section 2.4(e) of the Company Disclosure Schedule, the Company is
not a party or subject to any stockholder agreement, voting agreement, voting trust, or any

-5-

 

other similar arrangement relating to the registration, transfer or voting of any of the
securities of the Company.

          (f) The Company has never repurchased, redeemed or otherwise reacquired any Shares or other
securities. No Company Stockholder has exercised any right of redemption, if any, provided in the
Charter Documents with respect to any shares of the Company Capital Stock, and the Company has not
received notice that any Company Stockholder intends to exercise such rights. There are no
declared or accrued but unpaid dividends with respect to any of the Shares.

          (g) There are no outstanding contractual obligations of the Company to provide funds to make
an investment (in the form of a loan, capital contribution or otherwise) in any Person.

          (h) The Capital Stock and Company Options (including the shares subject to issuance pursuant
to such outstanding Company Options) issued and outstanding as of immediately prior to the Closing
are set forth on the Final Conversion Schedule.

     2.5. Authority and Enforceability. The Company has all necessary corporate power and
authority to execute and deliver this Agreement and the agreements and documents set forth in the
exhibits hereto (the “Ancillary Agreements”) to which the Company is a party, and to
consummate the transactions contemplated hereby and thereby. The execution and delivery of this
Agreement and the Ancillary Agreements and the consummation of the Share Purchase and other
transactions contemplated by this Agreement have been duly and validly authorized by all necessary
corporate action on the part of the Company and no other corporate proceedings are necessary to
authorize and approve this Agreement and the Ancillary Agreements and to consummate the
transactions contemplated hereby and thereby. This Agreement and the Ancillary Agreements have
been duly and validly executed and delivered by the Company, constitute the legal, valid and
binding obligations of the Company, and are enforceable against the Company in accordance with
their terms, subject to (i) the effect of any applicable bankruptcy, reorganization, insolvency,
moratorium or similar Laws affecting creditors’ rights generally and (ii) rules of law and equity
governing specific performance, injunctive relief and other equitable remedies.

     2.6. No Conflicts. Section 2.6 of the Company Disclosure Schedule sets forth all
notices, approvals, consents, waivers or other authorizations (“Consents”) required of the
Company by any third party or Governmental Authority in connection with the execution and delivery
of this Agreement and the Ancillary Agreements and the consummation of the Share Purchase.
Assuming all such Consents have been obtained and all filings and other obligations described
therein have been completed, the execution and delivery of this Agreement and the Ancillary
Agreements and the consummation of the Share Purchase by the Company will not, directly or
indirectly:

          (a) breach or violate the Company’s Charter Documents;

          (b) breach or give any Governmental Authority the right to challenge the Share Purchase or
other transactions contemplated by this Agreement or to exercise any remedy or obtain any relief
under any Law or any Order to which the Company, its business or any of its assets are subject;

          (c) contravene, conflict with or result in a violation or breach of any of the terms or
requirements of, or give any Governmental Authority the right to revoke, withdraw, suspend, cancel,
terminate or modify any Permit that is held by the Company or that otherwise relates to the
Company’s business or assets;

-6-

 

          (d) breach any provision of, or give any Person the right to declare a default or exercise any
remedy under, or to accelerate the maturity or performance of, or payment under, or to cancel,
terminate or modify, any of the Company’s Material Contracts; or

          (e) result in the imposition or creation of any Encumbrance upon or with respect to any of the
assets owned or used by the Company.

     2.7. Financial Statements.

          (a) Attached to Section 2.7 of the Company Disclosure Schedule are true and complete copies
of:

          (i) the unaudited financial statements (balance sheet, income statement and statement of
cash flows) of the Company as of and for the fiscal years ended as of December 31, 2009 and
December 31, 2010 (collectively, the “Annual Financial Statements”); and

          (ii) the unaudited balance sheet of the Company as of March 31, 2011 (the “Interim
Balance Sheet”), and income statement for the two months ended February 28, 2011
(together with the Interim Balance Sheet, the “Interim Financial Statements”).

          (b) The Annual Financial Statements and the Interim Financial Statements (i) were prepared in
accordance with the books of account and other financial records of the Company; (ii) present
fairly the financial condition and the results of operations of the Company’s business as of the
dates, and for the periods, covered thereby; (iii) represent actual, bona fide transactions and
have been maintained in accordance with sound business practices, and (iv) have been prepared in
accordance with GAAP consistently applied.

          (c) The Company has no debts, liabilities and obligations, whether accrued or fixed, absolute
or contingent, matured or not matured, determined or determinable other than those (i) recorded or
fully reserved against on the face of the Interim Balance Sheet; or (ii) incurred in the ordinary
course of the Company’s business since December 31, 2010 and which are not, individually or in the
aggregate, material in amount.

          (d) The books of account and other financial records of the Company are in all material
respects complete and correct, and do not contain or reflect any material inaccuracies or
discrepancies.

     2.8. Absence of Certain Changes. Since December 31, 2010:

          (a) there has not been any Material Adverse Effect;

          (b) there has not been any loss, damage or destruction to, or any interruption in the use of,
any of the Company’s assets (whether or not covered by insurance);

          (c) the Company has not (i) declared, accrued, set aside or paid any dividend or made any
other distribution (whether in cash, stock or property) in respect of any shares of the Company
Capital Stock, or (ii) repurchased, redeemed or otherwise reacquired any shares of the Company
Capital Stock or other securities;

          (d) the Company has not sold or otherwise issued any shares of the Company Capital Stock or
any other securities;

-7-

 

          (e) the Company has not amended its Charter Documents and has not effected or been a party to
any merger, acquisition, recapitalization, reclassification of shares, stock split, reverse stock
split or similar transaction;

          (f) the Company has not purchased or otherwise acquired any asset from any other Person in
excess of $10,000, except for supplies acquired by the Company in the ordinary course of business;

          (g) the Company has not leased or licensed any asset from any other Person requiring an
expenditure from the Company in excess of $10,000;

          (h) the Company has not made any capital expenditures in excess of $10,000;

          (i) the Company has not sold or otherwise transferred, and has not leased or licensed, any
asset to any other Person with a value in excess of $10,000;

          (j) the Company has not written off as uncollectible, or established any extraordinary reserve
with respect to, any account receivable or other Indebtedness;

          (k) the Company has not pledged or hypothecated any of its assets or otherwise permitted any
of its assets to become subject to any Encumbrance;

          (l) the Company has not made any loan or advance to any other Person other than the extension
of credit in the ordinary course of business;

          (m) the Company has not (i) established or adopted any Company Employee Plan, (ii) paid any
bonus or made any profit-sharing or similar payment to, or increased the amount of the wages,
salary, commissions, fringe benefits or other compensation or remuneration payable to, any of its
directors, officers or employees, or (iii) entered into any severance, termination or employment
agreement;

          (n) the Company has not entered into, and neither the Company nor any of the assets owned or
used by the Company has become bound by, any Material Contract;

          (o) no Contract by which the Company or any of the assets owned or used by the Company is or
was bound, or under which the Company has or had any rights or interest, has been amended or
terminated;

          (p) the Company has not incurred, assumed or otherwise become subject to any Liability, other
than accounts payable or accrued expenses (of the type required to be reflected as current
liabilities in the “liabilities” column of a balance sheet prepared in accordance with GAAP)
incurred by the Company in the ordinary course of business;

          (q) the Company has not changed any of its methods of accounting or accounting practices in
any respect;

          (r) the Company has not entered into any transaction or taken any other action outside the
ordinary course of business; and

          (s) the Company has not agreed, committed or offered (in writing or otherwise), and has not
attempted, to take any of the actions referred to in clauses (c) through (r) above.

-8-

 

     2.9. Intellectual Property.

          (a) Section 2.9(a) of the Company Disclosure Schedule identifies and provides a brief
description of all Business IP and Other IP and identifies each license agreement or other
agreement under which any Intellectual Property Rights are being provided or licensed to or used by
the Company, except that the Company need not list (a) Commodity Software or (b) immaterial trade
secrets and Confidential Information. The Company has good and valid title to all of the Business
IP, free of any Encumbrances, and has a valid right to use and otherwise exploit all the Business
IP and Other IP licensed by it. The Company is the sole owner and sole creator of the Business IP
and of all rights, title and interest in and to the Business IP. The Business IP was created for
the Company’s account (solely by the Company’s employees or contractors) and not with (or in the
course of work for) or as a work-made-for-hire for any third party. Except as set forth in Section
2.9(a) of the Company Disclosure Schedule, the Company is not obligated to make any payment to any
Person for the use or other exploitation of any Intellectual Property Rights (other than Commodity
Software). Except as set forth in Section 2.9(a) of the Company Disclosure Schedule, the Company
is free to use, modify, copy, distribute, sell, license or otherwise exploit each item of Business
IP on an exclusive basis, other than Intellectual Property Rights previously licensed by the
Company on a non-exclusive basis to third parties, with respect to which the Company’s rights are
not exclusive by reason of the existing non-exclusive license(s) thereto that are listed in Section
2.9(a) of the Company Disclosure Schedule.

          (b) The Company has taken all reasonable measures and precautions necessary to protect and
maintain the confidentiality and secrecy of the Business IP and Other IP (except for any Business
IP and Other IP whose value would be unimpaired by public disclosure) and otherwise to maintain and
protect the value of such Intellectual Property Rights.

          (c) Except as set forth in Section 2.9(a) of the Company Disclosure Schedule, there are no
patents or patent applications (including provisional applications), trademark applications or
registrations, domain names, or registered copyrights owned by the Company that are used in or
applicable to the Company’s business. All Business IP and Other IP are valid, subsisting, and
enforceable. Section 2.9(a) of the Company Disclosure Schedule sets forth all application fees,
issue fees, maintenance fees, responses to office actions, filings, and all other actions and
payments that must be, or reasonably should be, taken or made within 90 Business Days of the
Closing Date to maintain any Business IP or Other IP or the Company’s rights or position with
respect thereto.

          (d) Except as set forth in Section 2.9(d) of the Company Disclosure Schedule, there are and
have been no Proceedings relating to any of the Business IP or Other IP, or to the registrability,
validity, enforceability, misuse, infringement, misappropriation, or other violation thereof,
including without limitation any oppositions, cancellations, or reexamination proceedings. Except
as set forth in Section 2.9(d) of the Company Disclosure Schedule, there are and have been no
Proceedings relating to any Intellectual Property Rights of any Person, or to the registrability,
validity, enforceability, misuse, infringement, misappropriation, or other violation thereof, in
which the Company is a party, indemnitor, witness, or other participant.

          (e) None of the Business IP has been created or obtained in violation of any technical measure
designed to restrict or govern access to any data, code or service (including, without limitation,
robots.txt as implemented on any Internet site). To the Company’s Knowledge, the Company and its
business do not infringe, misappropriate or otherwise violate or make any unlawful use of (and to
the Company’s Knowledge, the Company and its business have not infringed, misappropriated or
otherwise violated or made any unlawful use of, or received any notice or other communications of
any actual, alleged, possible, or potential infringement, misappropriation, violation, or unlawful
use of, any Intellectual Property Rights or other right or contract (including any invitation to
license any Intellectual

-9-

 

Property Rights) of any Person), and the Company has no reason to believe that any of the
foregoing will be forthcoming or applicable to the Company’s business. To the Knowledge of the
Company, no other Person is or has been infringing, misappropriating, violating, or making any
unlawful use of any Business IP or Other IP, and to the Knowledge of the Company, no Intellectual
Property Rights owned or used by any other Person infringe or conflict with, any Business IP or
Other IP.

          (f) The Company has not licensed or provided any of the Business IP or Other IP to any Person
on any sort of exclusive basis. The Company has not entered into any covenant not to compete or
other contract, lease, license, purchase or sales order, or other agreement or binding commitment,
whether or not in written form, limiting their ability to exploit fully any of the Business IP or
Other IP or to transact business in any market or geographical area or with any Person, including
but not limited to granting most favored nation pricing, exclusive sales, exclusive distribution,
exclusive marketing or other exclusive rights, rights of first refusal, rights of first negotiation
or similar rights.

          (g) The Company has not entered into and is not bound by any Contract, whether or not in
written form, under which any Person has the right to distribute or a license or other right with
respect to any Business IP or Other IP, other than non-exclusive end-user object code licenses
granted to the Company’s customers in the ordinary course of business on the Company’s standard
form of end-user object code license provided to Purchaser. The Company has not disclosed or
delivered to any Person (other than its authorized software development employees and contractors),
or permitted the disclosure or delivery to any Person (other than such employees and contractors),
of the source code, or any portion or aspect of the source code, or any proprietary information or
algorithm contained in any source code, of any Software included in or embodying any Business IP.
No event has occurred, and no circumstance or condition exists, that (with or without notice or
lapse of time) could reasonably be expected to result in the disclosure or delivery to any Person
of the source code, or any portion or aspect of the source code, or any proprietary information or
algorithm contained in any source code, of any Software included in or embodying any Business IP.

          (h) Section 2.9(h) of the Company Disclosure Schedule contains a true and complete list of all
Software or other material used by the Company in its business that is licensed to the Company as
“free software,” “open source software” or under a similar licensing or distribution model
(including but not limited to the GNU General Public License (GPL), GNU Lesser General Public
License (LGPL), Mozilla Public License (MPL), BSD licenses, the Artistic License, the Netscape
Public License, the Sun Community Source License (SCSL) the Sun Industry Standards License (SISL)
and the Apache License) (“Open Source Materials”) and describes the manner in which such
Open Source Materials were used (such description shall include whether (and, if so, how) the Open
Source Materials were modified and/or distributed). Except as set forth in Section 2.9(h) of the
Company Disclosure Schedule, the Company has not (i) incorporated Open Source Materials into, or
combined Open Source Materials with, the Business IP or Software; (ii) distributed Open Source
Materials in conjunction with any Business IP, Software or Company Products; or (iii) used Open
Source Materials in a manner that creates, or purports to create, obligations for the Company with
respect to any Business IP or Software or grants, or purports to grant, to any third party, any
rights or immunities under any Business IP or Software (including, but not limited to, using any
Open Source Materials that require, as a condition of use, modification and/or distribution of such
Open Source Materials that other software incorporated into or with, derived from or distributed
with such Open Source Materials be (A) disclosed or distributed or made available or provided in
source code form, (B) be licensed for the purpose of making derivative works, or (C) be
redistributable at no charge).

          (i) To the Company’s Knowledge, all Software (including all parts thereof) is free of any
“back door,” “time bomb,” “Trojan horse,” “worm,” “drop dead device,” “virus” or other software
routines or hardware components that permit unauthorized access or the unauthorized disablement or

-10-

 

erasure of such Software (or all parts thereof) or data or other software of users
(“Contaminants”). To the Company’s Knowledge, the Company’s information technology systems
are also free from Contaminants and the Software and the Company’s information technology systems
are secure. The Company has adequate backup, disaster recovery and security plans and procedures
and to the Company’s Knowledge, there have been no unauthorized intrusions or breaches of the
security of information technology systems of the Company.

          (j) All Software and all Company Products perform in all material respects in accordance with
their specifications and the Company has not received any complaints from its customers or partners
with respect thereto. The Company has disclosed in writing to Purchaser in the Company Disclosure
Schedule all information of which the Company is aware relating to any problem or issue with
respect to the performance or operation of any Software or the Company Products which does, or may
reasonably be expected to, have a Material Adverse Effect on the value, functionality or fitness
for the intended purpose thereof.

          (k) Neither the execution and delivery or effectiveness of this Agreement and the Ancillary
Agreements nor the performance of the Company’s obligations under this Agreement and the Ancillary
Agreements will cause the forfeiture or termination of, or give rise to a right of forfeiture or
termination of, any Business IP or Other IP or Software or impair the right of Purchaser to use,
possess, sell or license any Business IP, Other IP, Software or portion of any of the foregoing.
After the Closing, all Business IP and Other IP will be fully transferable, alienable, and
licensable by Purchaser without restriction and without payment of any kind to any third party.

          (l) The Company has disclosed to Purchaser the circumstances under which and manner in which
it has collected any names, addresses, email addresses, telephone numbers, credit card numbers,
health information and other personally identifiable or other information of any Person and the
type of information so collected. The Company has materially complied with all applicable Laws and
the applicable privacy policies of the Company and other Persons relating to (i) the privacy of
users of the Company Products, including all Internet websites and mobile applications owned,
maintained, or operated by the Company (the “Websites”) and (ii) the collection, storage,
use, processing, transfer, and disclosure of any information collected by the Company or by third
parties having authorized access to the records of the Company. The execution, delivery and
performance of this Agreement and the Ancillary Agreements comply in all material respects with all
applicable Laws relating to privacy and with all applicable privacy policies of the Company and all
other Persons. Copies of all current and prior privacy policies of the Company, including the
privacy policies inapplicable to the Websites, are attached to Section 2.9(l) of the Company
Disclosure Schedule. Each of the Websites and other materials distributed or marketed by the
Company has at all times made all disclosures to users or customers required by applicable Laws,
and none of such disclosures made or contained in any Website or in any such materials have been
materially inaccurate, misleading or deceptive or in violation of any applicable Law.

          (m) Section 2.9(m) of the Company Disclosure Schedule contains a true and complete list of all
Software development tools used by the Company in connection with the business of the Company
(each, a “Development Tool”). Section 2.9(m) of the Company Disclosure Schedule also sets
forth, for each Development Tool: (a) for any Development Tool not entirely developed independently
by the Company, the identity of the independent contractors and consultants involved in such
development and a list of the agreements with such independent contractors and consultants; (b) a
list of any third parties possessing any rights to receive royalties or other payments with respect
to such Development Tool, and a schedule of all such royalties payable; (c) a list of any
restrictions on the Company’s unrestricted right to use and distribute such Development Tools; and
(d) a list of all agreements with third parties for the use

-11-

 

by such third party of such Development Tool. The Company has sufficient right, title and
interest in and to the Development Tools for the conduct of the business of the Company as
presently conducted.

          (n) Each current and former employee, officer and consultant of the Company has executed a
proprietary information and inventions assignment agreement substantially in the form attached as
Exhibit E.1

     2.10. Contracts.

          (a) Section 2.10(a) of the Company Disclosure Schedule contains a true and complete list of
the following Contracts to which the Company is a party or is subject, or by which any of its
assets are bound:

          (i) all Contracts for the purchase or lease of materials, supplies, goods, services,
equipment or other assets or for the furnishing of services to the Company with payments
greater than $5,000 per year;

          (ii) all Contracts for the sale of materials, supplies, goods, services, equipment or
other assets by the Company (whether or not the Company has recognized any revenue with
respect to such contracts and agreements) in excess of $10,000;

          (iii) all broker, distributor, dealer, manufacturer’s representative, franchise, agency,
sales promotion, market research, marketing, consulting and advertising Contracts to which
the Company is a party under which the Company made any payments in excess of $10,000 in the
aggregate within the preceding twelve (12) month period;

          (iv) all leases and subleases of real property;

          (v) all Contracts relating to Indebtedness other than trade Indebtedness of the Company,
including any Contracts in which the Company is a guarantor of Indebtedness;

          (vi) all Contracts with any Governmental Authority to which the Company is a party;

          (vii) all Contracts that limit or purport to limit the ability of the Company to compete
in any line of business or with any Person or in any geographic area or during any period of
time;

          (viii) all Contracts between or among the Company and any Company Stockholder, or
officer or director of the Company or any Affiliate of such Person;

          (ix) all employment, termination or separation Contracts currently in effect with any
former employee of the Company;

          (x) all partnership, joint venture or similar Contracts involving a sharing of
profits, losses, costs or liabilities by the Company with any other Person;

 

			
	1	 	Exhibit E will contain the Company’s current
form of confidentiality and inventions assignment agreement.

-12-

 

          (xi) all Contracts to manufacture for, supply to or distribute to any third party any
products or components;

          (xii) all Contracts providing for indemnification of any officer, director, employee or
agent of the Company;

          (xiii) all Contracts that are terminable upon or prohibits a change of ownership or
control of the Company;

          (xiv) all Contracts for any capital expenditure or leasehold improvement individually or
in the aggregate in excess of $10,000;

          (xv) all Contracts that relate to the acquisition or disposition of any material
business (whether by merger, sale of stock, sale of assets or otherwise);

          (xvi) all material Contracts which would require any consent or approval of a
counterparty as a result of or to permit the consummation of the transactions contemplated by
this Agreement; and

          (xvii) all other Contracts, whether or not made in the ordinary course of business, that
are material to the Company’s business.

          (b) True and complete copies of each Contract required to be listed in Section 2.10(a)
of the Company Disclosure Schedule (the “Material Contracts”) have been delivered to
Purchaser. Each Material Contract (i) is, to the Company’s Knowledge, legal, valid and binding on
the respective parties thereto and is in full force and effect and (ii) upon consummation of the
Share Purchase, except to the extent that any Consents set forth in Section 2.6 of the Company
Disclosure Schedule are not obtained, shall continue in full force and effect without penalty or
other adverse consequence. The Company is not in breach of, or default under, any Material
Contract, and the Company has not been given or received notice to or from any Person relating to
any such alleged or potential default that has not been cured. To the Company’s Knowledge, no
event has occurred which with or without the giving of notice or lapse of time, or both, may
conflict in any material respect with or result in a violation or breach in any material respect
of, or give any Person the right to exercise any remedy under or accelerate the maturity or
performance or cancel, terminate or modify, any Material Contract.

          (c) To the Knowledge of the Company, no other party to any Material Contract is in breach
thereof or default thereunder.

-13-

 

     2.11. Title to Property. The Company has good and valid title to all of its tangible
properties, interests in properties, and assets that it purports to own, including all the tangible
properties and assets reflected on the Interim Balance Sheet or acquired after March 31, 2011, free
and clear of all Encumbrances. The property and equipment of the Company that are used in the
operations of the business of the Company are in good operating condition and repair, subject to
normal wear and tear, all material property and equipment are reasonably adequate for the uses to
which they are being put and have been maintained and serviced in accordance with all applicable
Law. All properties used in the operations of the Company are reflected in the Interim Balance
Sheet to the extent GAAP requires the same to be reflected, except for such properties as were
acquired after the date thereof (each of which, if material to the Company or its business as
currently conducted is set forth on Section 2.11 of the Company Disclosure Schedule).

     2.12. Leased Real Property. The Company does not own and has never owned any real
property. Section 2.12 of the Company Disclosure Schedule sets forth a true and complete list of
all real property currently leased or subleased by or from the Company or otherwise used or
occupied by the Company (the “Leased Real Property”), including the name of the lessor,
licensor, sublessor, master lessor and/or lessee. The Company has made available to Purchaser
true, correct and complete copies of all leases, lease guaranties, subleases, agreements for the
leasing, use or occupancy of, or otherwise granting a right in or relating to the Leased Real
Property, including all amendments, terminations and modifications thereof (“Lease
Agreements”). All such Lease Agreements are valid and effective in accordance with their
respective terms, and there is not, under any of such Lease Agreements, any existing default, or
event of default (or event which with notice or lapse of time, or both, would constitute a
default). The Company has not received any notice of a default, alleged failure to perform, or any
offset or counterclaim with respect to any such Lease Agreement, which has not been fully remedied
and withdrawn.

     2.13. Bank Accounts. Section 2.13 of the Company Disclosure Schedule accurately sets
forth, with respect to each account maintained by or for the benefit of the Company at any bank or
other financial institution:

          (a) the name and location of the institution at which such account is maintained;

          (b) the name in which such account is maintained and the account number of such account;

          (c) a description of such account and the purpose for which such account is used;

          (d) the current balance in such account;

          (e) the rate of interest being earned on the funds in such account; and

          (f) the names of all individuals authorized to draw on or make withdrawals from such account.

There are no safe deposit boxes or similar arrangements maintained by or for the benefit of the
Company.

     2.14. Receivables; Major Customers.

          (a) Section 2.14(a) of the Company Disclosure Schedule provides a true and complete breakdown
and aging of all accounts receivable, notes receivable and other receivables of the Company as of
March 31, 2011.

-14-

 

          (b) Except as set forth in 2.14(a) of the Company Disclosure Schedule, all existing accounts
receivable of the Company (including those accounts receivable reflected on the Interim Balance
Sheet that have not yet been collected and those accounts receivable that have arisen since March
31, 2011 and have not yet been collected):

          (i) represent valid obligations of customers of the Company arising from bona fide
transactions entered into in the ordinary course of business; and

          (ii) are current and are collectible in full, except to the extent of any
reserve for uncollectible accounts receivable set forth on the Interim Balance Sheet.

          (c) Section 2.14(c) of the Company Disclosure Schedule accurately identifies, and provides an
accurate and complete breakdown of the revenues received from, each customer or other Person that
accounted for (i) more than $25,000 of the consolidated gross revenues of the Company in 2009, (ii)
more than $25,000 of the Company’s gross revenues in 2010, or (iii) more than $25,000 of the
Company’s gross revenues in the first three months of 2011. The Company has not received any
notice or other communication (in writing or otherwise), and has not received any other
information, indicating that any customer or other Person identified in 2.14(c) of the Company
Disclosure Schedule may cease dealing with the Company or may otherwise reduce the volume of
business transacted by such Person with the Company below historical levels.

     2.15. Litigation. There is no Proceeding pending or, to the Knowledge of the Company,
threatened (including allegations that could form the basis for future action) against the Company
or any of its properties or employees, officers or directors (in their capacities as such). To the
Knowledge of the Company, no event has occurred, and, no claim, dispute or other condition or
circumstance exists, that might directly or indirectly give rise to or serve as a basis for the
commencement of any such Proceeding. There is no Order against the Company, or, to the Knowledge
of the Company, any of its employees, directors or officers (in their capacities as such), that
would prevent, enjoin, or materially alter or delay any of the transactions contemplated by this
Agreement, or that would reasonably be expected to result in a Material Adverse Effect. The
Company does not have any plans to initiate any litigation, arbitration or other proceeding against
any third party.

     2.16. Permits. Section 2.16 of the Company Disclosure Schedule contains a true and
complete list of all the necessary permits, licenses, consents, registrations, or authorizations of
any Governmental Authority necessary for the Company to own, lease and otherwise hold and use its
assets and to carry on its business as it is now being conducted (the “Permits”). The
Permits are in full force and effect and will remain so after the Closing Date and no suspension or
cancellation of any Permit is pending or, to the Knowledge of the Company, threatened. The Company
has not received any notice or other communication from any Governmental Authority regarding (i)
any actual or possible violation of or failure to comply with any term or requirement of any
Permit; or (ii) any actual or possible revocation, withdrawal, suspension, cancellation,
termination or modification of any Permit.

     2.17. Taxes.

          (a) All Tax Returns filed by the Company are true, correct, and complete. Each Tax required
to have been paid, or claimed by any Governmental Authority to be payable, by the Company (whether
pursuant to any Tax Return or otherwise) has been duly paid in full or on a timely basis. Any Tax
required to have been withheld or collected by the Company has been duly withheld and collected;
and (to the extent required) each such Tax has been paid to the appropriate Governmental Authority.

-15-

 

          (b) Section 2.17(b) of the Company Disclosure Schedule accurately identifies all Tax Returns
required to be filed by or on behalf of the Company with any Governmental Authority with respect to
any taxable period ending on or before the Closing Date (the “Company Returns”). The
Company is not currently the beneficiary of any extension of time within which to file a Company
Return. All Company Returns (i) have been or will be filed when due, and (ii) have been, or will
be when filed, accurately and completely prepared in full compliance with all applicable Laws. All
amounts shown on the Company Returns to be due on or before the Closing Date, and all amounts
otherwise payable in connection with the Company Returns on or before the Closing Date, have been
or will be paid on or before the Closing Date. The Company has delivered to the Purchaser accurate
and complete copies of all the Company Returns filed since the Company’s incorporation.

          (c) The Financial Statements fully accrue all actual and contingent liabilities for Taxes with
respect to all periods through the dates thereof in accordance with GAAP.

          (d) Each Company Return relating to income Taxes that has been filed with respect to any
period ended on or prior to the date on or prior to which would be subject to the statute of
limitation under the Code, has either (i) been examined and audited by all relevant Governmental
Authority, or (ii) by virtue of the expiration of the limitation period under applicable Law, is no
longer subject to examination or audit by any Governmental Body. Section 2.17(d) of the Company
Disclosure Schedule accurately identifies each examination or audit of any Company Return that has
been conducted since December 31, 2005. The Company has delivered to the Purchaser accurate and
complete copies of all audit reports and similar documents (to which the Company has access)
relating to the Company Returns. Except as set forth in Section 2.17(d) of the Company Disclosure
Schedule, no extension or waiver of the limitation period applicable to any of the Company Returns
has been granted (by the Company or any other Person), and no such extension or waiver has been
requested from the Company.

          (e) Except as set forth in Section 2.17(d) of the Company Disclosure Schedule, no claim or
other Proceeding is pending or has been threatened against or with respect to the Company in
respect of any Tax. There are no unsatisfied losses, costs, damages, liabilities and expenses for
Taxes (including liabilities for interest, additions to tax and penalties thereon and related
expenses) with respect to any notice of deficiency or similar document received by the Company.
The Company has not entered into or has become bound by any agreement or consent pursuant to
Section 341(f) of the Code. The Company has not been, and the Company will not be, required to
include any adjustment in taxable income for any tax period (or portion thereof) pursuant to
Section 481 or 263A of the Code or any comparable provision under state or foreign Tax laws as a
result of transactions or events occurring, or accounting methods employed, prior to the Closing.

          (f) There is no agreement, plan, arrangement or other Contract covering any employee of the
Company that, individually or collectively, could give rise directly or indirectly to the payment
of any amount that would not be deductible pursuant to Section 280G or Section 162 of the Code
other than expense reimbursements for meals and lodging not fully deductible under Section 162 of
the Code. The Company is not, and the Company has never been, a party to or bound by any Contract
which obligates the Company to compensate any Person for any excise tax pursuant to Section 4999 of
the Code or any tax indemnity agreement, tax sharing agreement, tax allocation agreement or similar
Contract.

     2.18. Employee Benefit Matters.

          (a) Neither the Company nor any Person that is a member of the same controlled group as the
Company or under common control with the Company within the meaning of Section 414 of the Code
(each, an “ERISA Affiliate”) currently maintains, contributes to or sponsors, nor have they
ever maintained, contributed to or sponsored or had any obligation to contribute to, any “employee
benefit

-16-

 

plan” (as defined in Section 3(3) of the Employee Retirement Income Security Act of 1974, as
amended (“ERISA”)). Section 2.18(a) of the Company Disclosure Schedule contains a true and
complete list of all compensation, bonus, equity compensation, deferred compensation, retiree
medical, disability or life insurance, dependent care, disability, loan, fringe benefit, severance,
supplemental retirement, change in control or other employee benefit plans, programs or
arrangements to which the Company is a party or pursuant to which the Company has any obligation
(each a “Company Employee Plan,” and collectively, the “Company Employee Plans”).
The Company does not have any express or implied commitment to create, incur Liability with respect
to or cause to exist any such Company Employee Plan.

          (b) The Company has furnished Purchaser with a true and complete copy of each Company Employee
Plan (or a written summary of any Company Employee Plan that is not in writing) and a true and
complete copy of each material document prepared in connection with each Company Employee Plan,
including, without limitation, (i) each prototype or mass submitter Company Employee Plan’s
adoption agreement; (ii) each funded Company Employee Plan’s trust agreement or other funding
arrangement; (iii) each funded Company Employee Plan’s investment policy; (iv) for each Company
Employee Plan subject to ERISA, each summary plan description and summary of material
modifications; (v) the three most recent annual reports (Form 5500 series and all schedules and
financial statements attached thereto), if any, required under ERISA or the Code in connection with
each Company Employee Plan; (vi) for each Company Employee Plan intended to qualify under Section
401(a) of the Code, the most recently received IRS opinion or determination letter; (vii) for each
Company Employee Plan intended to qualify under Section 401(k) of the Code, the most recent test
reports demonstrating compliance with the contribution limitations of Section 415 of the Code, the
actual deferral percentage requirements of Section 401(k) of the Code, the actual contribution
percentage requirements of Section 401(m) of the Code and the top-heavy plan requirements of
Section 416 of the Code; and (viii) the most recently prepared actuarial report and financial
statement in connection with each Company Employee Plan, if applicable and if not included in such
Company Employee Plan’s annual report.

          (c) To the Company’s Knowledge, the Company is not party to any contract nor has granted any
compensation, equity or award that is compensation subject to tax under Section 409A of the Code,
and to the Company’s Knowledge, neither the Company nor any of its ERISA Affiliates has any
Liability or obligation to make any payments or to issue any equity award or bonus that is subject
to tax under Section 409A of the Code.

          (d) No Company Employee Plan provides, or reflects or represents any Liability to provide,
retiree health, disability or life insurance coverage to any Person for any reason, except as may
be required by the Consolidated Omnibus Budget Reconciliation Act of 1985, as amended
(“COBRA”), or other applicable statute, and the Company has never represented, promised or
contracted (whether in oral or written form) to any employee (either individually or to employees
as a group) or any other Person that such employee or other Person would be provided with health,
disability or life insurance coverage after retirement or other termination of service, except to
the extent required by statute.

          (e) Each Company Employee Plan is now and always has been operated in all material respects in
accordance with its terms and the requirements of all applicable Laws including, without
limitation, ERISA and the Code. The Company and each ERISA Affiliate has performed all material
obligations required to be performed by it under, is not in any material respect in default under
or in violation of, and has no Knowledge of any default or violation by any party to, any Company
Employee Plan. No action, claim or proceeding is pending or, to the Knowledge of the Company,
threatened with respect to any Company Employee Plan (other than claims for benefits in the
ordinary course) and the Company has no reasonable basis to believe that any fact or event exists
that could give rise to any such action, claim or proceeding. Neither the Company nor any ERISA
Affiliate is subject to any penalty or Tax with respect to any Company Employee Plan under Section
502(i) of ERISA or Sections 4975

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through 4980 of the Code. Each Company Employee Plan described in Section 2.18(a) can be
amended, terminated or otherwise discontinued at any time without material Liability to Purchaser,
the Company or any of their ERISA Affiliates (other than ordinary administration expenses).

          (f) Each Company Employee Plan intended to qualify under Section 401(a) of the Code (i) has
received a favorable determination, opinion, notification or advisory letter from the IRS with
respect to each such Company Employee Plan as to its qualified status under the Code, and no fact
or event has occurred since the date of such letter from the IRS to adversely affect the qualified
status of any such Company Employee Plan or the exempt status of any such trust, or (ii) has
remaining a period of time under applicable Treasury regulations or IRS pronouncements in which to
apply for such a letter and make any amendments necessary to obtain a favorable determination as to
the qualified status of each such Company Employee Plan.

          (g) Neither the Company nor any ERISA Affiliate maintains or ever has maintained any employee
benefit plan subject to Title IV of ERISA.

          (h) All contributions, premiums or payments required to be made or accrued with respect to any
Company Employee Plan have been made on or before their due dates. All such contributions have
been fully deducted for income tax purposes and no such deduction has been challenged or disallowed
by any Governmental Authority and no fact or event exists which could reasonably be expected to
give rise to any such challenge or disallowance.

          (i) The Company has complied in all material respects with all applicable state and federal
laws related to employment, including those related to wages, hours, worker classification
(including the proper classification of independent contractors and consultants), collective
bargaining, workers’ compensation and the withholding and payment of taxes and is not liable for
any arrears of wages, taxes, penalties or other sums for failure to comply with any of the
foregoing. The Company is not bound by or subject to (and none of its assets or properties is
bound by or subject to) any written or oral, express or implied, contract, commitment or
arrangement with any labor union, and no labor union has requested or, to the Knowledge of the
Company, has sought to represent any of the employees, representatives or agents of the Company.
There is no strike or other labor dispute involving the Company pending, or to the Knowledge of the
Company, threatened, nor is the Company aware of any labor organization activity involving its
employees. There is no claim with respect to payment of wages, salary, overtime pay, workers
compensation benefits or disability benefits that has been asserted or, to the Knowledge of the
Company, threatened against the Company with respect to any Person currently or formerly employed
by the Company. The Company has not incurred any Liability or obligations under the WARN Act or
any similar state or local law in the past. No terminations prior to the Closing would trigger any
notice or other obligations under the WARN Act or similar state or local Law. The employment of
each employee of the Company is terminable “at will,” and each employee of the Company who is
located in the United States and is not a United States citizen has all approvals, authorizations
and papers necessary to work in the United States in accordance with applicable law.

          (j) To the Knowledge of the Company, no employee of or consultant to the Company has been
injured in the workplace or in the course of his or her employment or consultancy, except for
injuries which are covered by insurance or for which a claim has been made under worker’s
compensation or similar Laws.

          (k) The Company has furnished Purchaser with a true and complete list of (i) all individuals
who serve as employees of or consultants to the Company as of the Closing Date; (ii) in the case of
such employees, the position, office location, base compensation, bonus or commission opportunity
(if any) and severance pay entitlement (if any) applicable to each such individual; and (iii) in

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the case of each such consultant, the consulting rate payable to such individual. The Company
has neither promised nor implied any future compensation or benefits to any current or former
employee.

          (l) The consummation of the Share Purchase will not (either alone or in conjunction with any
other event) (i) entitle any current or former director, employee, contractor or consultant of the
Company to severance pay, unemployment compensation or other payment, (ii) accelerate the time of
payment or vesting, or increase the amount of compensation due to any such director, employee,
contractor or consultant, or result in the payment of any other benefits to any Person or the
forgiveness of any Indebtedness of any Person or (iii) result in any prohibited transaction
described in Section 406 of ERISA or Section 4975 of the Code for which an exemption is not
available.

     2.19. Certain Interests.

          (a) No holder of greater than 1% of the voting power of the Company or any officer of the
Company and, to the Knowledge of the Company, no director or immediate relative or spouse (or
immediate relative of such spouse) who resides with, or is a dependent of, any such officer or
director:

          (i) has any direct or indirect financial interest in any creditor (other than the
holders of the Secured Notes), competitor, supplier manufacturer, agent, representative,
distributor or customer of the Company; provided, however, that the ownership of securities
representing no more than 5% of the outstanding voting power of any creditor competitor,
supplier manufacturer, agent, representative, distributor or customer, and which are listed
on any national securities exchange or traded actively in the national over-the-counter
market, shall not be deemed to be a “financial interest” as long as the Person owning such
securities has no other connection or relationship with such competitor, supplier, agent,
distributor or customer;

          (ii) owns, directly or indirectly, in whole or in part, or has any other interest, in
any tangible or intangible property which the Company uses in the conduct of its business
(except for any such ownership or interest resulting from the ownership of securities in a
public company);

          (iii) has any claim or cause of action against the Company; or

          (iv) has outstanding any Indebtedness to the Company.

          (b) Except as set forth in Section 2.19 of the Company Disclosure Schedule, and except for the
payment of employee compensation in the ordinary course of business, consistent with past practice,
the Company has no Liability or other obligation of any nature whatsoever to any Company
Stockholder or any Affiliate thereof or to any officer or director of the Company or, to the
Knowledge of the Company, to any immediate relative or spouse (or immediate relative of such
spouse) of any such officer or director.

     2.20. Insurance. Section 2.20 of the Company Disclosure Schedule contains a true
and complete list of all policies or binders of fire, liability, title, worker’s compensation,
product liability and other forms of insurance maintained by the Company on its business, assets or
employees. All insurance coverage as set forth in Section 2.20 of the Company Disclosure Schedule
is in full force and effect and all such policies have been issued by insurers of recognized
responsibility. There is no default under any such coverage nor has there been any failure by the
Company to give notice or present any material claim under any such coverage in a due and timely
fashion. There are no outstanding unpaid premiums as of the Closing Date, except for such unpaid
premiums having been incurred in the ordinary course of business, and
the Company has not received any notice of (i) cancellation or non-renewal of any such
coverage, or (ii) any material amendment of any such coverage, including the material increase of
any

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such annual or other premiums payable under any such policies and, to the Knowledge of
the Company, no such cancellation, amendment or increase in premiums is threatened.

     2.21. Brokers; Termination Fees. No broker, finder or investment banker is entitled
to any brokerage, finder’s or other fee or commission in connection with the origination,
negotiation or execution of this Agreement, the Share Purchase or the other transactions
contemplated by this Agreement based upon arrangements made by or on behalf of the Company. There
are no breakup, termination, cancellation or similar fees or penalties due and owing or that may
become due and owing by the Company to any third party in connection with any agreement or
understanding by the Company or the Company Stockholders pursuant to which a merger, consolidation,
or business combination involving the Company, or any sale, exchange, disposition of all or
substantially all of the Company’s assets was to occur.

     2.22. Compliance with Law.

          (a) The Company since its inception has complied in all material respects with each, and is
not in violation in any material respect of, any applicable Law to which the Company or its
business operations, assets or properties is or has been subject, including without limitation the
Foreign Corrupt Practices Act and the antiboycott prohibitions contained in 50 U.S.C. Section 2401
et seq. or taken any action that can be penalized under Section 999 of the Code.

          (b) No event has occurred and no circumstances exist that (with or without the passage of time
or the giving of notice) may result in a violation of, conflict with or failure on the part of the
Company to comply with, any Law, except for such violations, conflicts or failures to comply that
would not in the aggregate have a Material Adverse Effect. The Company has not received written
notice regarding any violation of, conflict with, or failure to comply with, any Law.

          (c) The Company has not received any written notice of violation issued pursuant to any
Environmental Law with respect to the Company or the Leased Real Property or any use or condition
thereof or operations thereon. All Governmental Authorizations required by or issued pursuant to
any Environmental Law for the Company or the operation of its business on the Leased Real Property
have been obtained and are maintained in full force and effect, and the Company is in material
compliance with all terms and conditions of such Governmental Authorizations.

          (d) The Company has not caused or taken any action that has resulted or may result in, or has
been or is subject to, any losses, costs, damages, liabilities, expenses or obligation relating to
(i) Environmental Conditions on, under, or about the Leased Real Property or any other properties
or assets owned, leased or used by the Company or held for use in connection with, necessary for
the conduct of, or otherwise material to, the Company’s business or (ii) the past or present use,
management, handling, transport, treatment, generation, storage or release of any Hazardous
Substance, except for any such losses, costs, damages, liabilities, expenses and obligations that
have not had or resulted in, and shall not have or result in, a Material Adverse Effect.

     2.23. No Acquisition Proposals. Since April 2, 2011 the Company has not (and to the
Company’s Knowledge, no officer, director, employee, Affiliate or other agent of the Company has)
(i) solicited, initiated, encouraged, discussed or accepted any inquiries, offers or proposals from
any Person (other than Purchaser) which constituted, or would reasonably have been expected to lead
to an Acquisition Proposal or (ii) negotiated with any Person or entered into any agreement, letter
of intent or other document relating to or contemplating, or any agreement in principle with
respect to, any Acquisition Proposal.

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     2.24. No Misstatements. No representation or warranty made by the Company in this
Agreement, the Company Disclosure Schedule or any certificate delivered or deliverable pursuant to
the terms hereof contains or will contain any untrue statement of a material fact, or omits, or
will omit, when taken as a whole, to state a material fact, necessary in order to make the
statements made, in light of the circumstances under which they were made, not misleading. Company
does not have Knowledge of any fact that has specific application to Company that could reasonably
be expected to result in a Material Adverse Effect.

ARTICLE III

REPRESENTATIONS AND WARRANTIES OF THE COMPANY STOCKHOLDERS

     Each Company Stockholder severally and not jointly (and only with respect to himself, herself
or itself) hereby represents and warrants to Purchaser that the statements contained in this
Article III are true and correct:

     3.1. Organization and Qualification. If the Company Stockholder is an entity, such
Company Stockholder is a corporation, limited partnership or limited liability company duly
organized, validly existing and in good standing under the laws of the state of its organization or
incorporation.

     3.2. Authority and Enforceability. If the Company Stockholder is an entity, such
Company Stockholder has all requisite power and authority to execute and deliver this Agreement and
the Ancillary Agreements to which such Company Stockholder is a party, and to consummate the
transactions contemplated hereby and thereby. The execution and delivery of this Agreement and the
Ancillary Agreements to which such Company Stockholder is a party and the consummation of the Share
Purchase and the other transactions contemplated by this Agreement have been duly and validly
authorized by all requisite action on the part of the Company Stockholder. This Agreement and the
Ancillary Agreements have been duly and validly executed and delivered by such Company Stockholder
and constitute the legal, valid and binding obligations of such Company Stockholder, and are
enforceable against such Company Stockholder in accordance with their terms, subject to (i) the
effect of any applicable bankruptcy, reorganization, insolvency, moratorium or similar Laws
affecting creditors’ rights generally and (ii) rules of law and equity governing specific
performance, injunctive relief and other equitable remedies.

     3.3. Ownership of the Shares. Such Company Stockholder owns, beneficially and of
record, the number of Shares set forth opposite such Company Stockholder’s name on Schedule
1-A. Such Company Stockholder has, and Purchaser will acquire at the Closing, good and valid
title to such Shares, free and clear of any Encumbrances.

     3.4. No Conflicts; Consents. To the Knowledge of such Company Stockholder, no filing
or registration with, and no permit, authorization, consent or approval of, any party, including
any Governmental Authority, is necessary for the consummation of the transactions contemplated by
this Agreement by such Company Stockholder. Neither the execution and delivery of this Agreement
by such Company Stockholder, the consummation of the transactions contemplated hereby, nor the
compliance by such Company Stockholder with any of the provisions hereof do, as of the Closing, (i)
violate or conflict with any provision of the charter, bylaws or other organizational documents of
the Company Stockholder, if such Company Stockholder is an entity, (ii) create any Encumbrance on
any of the Shares owned by such Company Stockholder, (iii) to the Knowledge of such Company
Stockholder, violate any Law applicable to such Company Stockholder, or (iv) violate, conflict
with, or result in any breach of, constitute a default (or an event which with the giving of notice
or lapse of time, or both would become a

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default) under, require any consent under, or create any rights of termination, amendment,
acceleration, suspension, revocation or cancellation under any Contract to which such Company
Stockholder is a party or by which any of his, her or its assets are bound.

     3.5. Litigation. There is no pending Proceeding, and to the Knowledge of such Company
Stockholder, no Person has threatened to commence any Proceeding that (i) involves any of the
Shares owned by such Company Stockholder or that otherwise relates to or might materially affect
any of the Shares owned by such Company Stockholder (whether or not such Company Stockholder is
named as a party thereto) or (ii) seeks or is likely to inhibit or delay the ability of such
Company Stockholder to enter into this Agreement or any of the Ancillary Agreements to which such
Company Stockholder is a party or to consummate the transactions contemplated by this Agreement.
To the Knowledge of such Company Stockholder, no event has occurred, and, no claim, dispute or
other condition or circumstance exists, that might directly or indirectly give rise to or serve as
a basis for the commencement of any such Proceeding.

     3.6. Tax Advisors. Such Company Stockholder has reviewed with his, her or its own tax
advisors the tax consequences of the transactions contemplated under this Agreement. With respect
to such matters, such Company Stockholder relies solely on such advisors and not on any statements
or representations of the Company or Purchaser or any of their respective agents, written or oral.
Such Company Stockholder understands that he, she or it shall be responsible for his, her or its
own tax Liability that may arise as a result of the Share Purchase and any other transactions
contemplated by this Agreement.

     3.7. Brokers. No broker, finder or investment banker is entitled to any brokerage,
finder’s or other fee or commission in connection with the origination, negotiation or execution of
this Agreement, the Share Purchase or the other transactions contemplated by this Agreement based
upon arrangements made by or on behalf of such Company Stockholder.

     3.8. No Misstatements. With respect to Major Stockholder, no representation or
warranty made by such Major Stockholder in this Agreement or any certificate delivered or
deliverable pursuant to the terms hereof contains or will contain any untrue statement of a
material fact, or omits, or will omit, when taken as a whole, to state a material fact, necessary
in order to make the statements made, in light of the circumstances under which they were made, not
misleading. No Major Stockholder Company has Knowledge of any fact that has specific application
to Company that could reasonably be expected to result in a Material Adverse Effect.

ARTICLE IV

REPRESENTATIONS AND WARRANTIES OF PURCHASER

     Purchaser hereby represents and warrants to the Company that the statements contained in this
Article IV are true and correct:

     4.1. Organization and Qualification. Purchaser is a corporation duly organized,
validly existing and in good standing under the laws of the state of Delaware. Purchaser has all
requisite corporate power and authority to own, lease and otherwise hold its properties and other
assets necessary to carry on its business as it is now being conducted. Purchaser is duly
qualified to do business and is in good standing in each jurisdiction in which the properties owned
or leased by Purchaser or the operation of its business, makes such qualification necessary, except
where the failure to be so organized, existing, qualified and in good standing would not have a
material adverse effect on the ability of Purchaser to consummate the transactions contemplated by
this Agreement.

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     4.2. No Conflict. Except as may result from any facts or circumstances relating
solely to the Company, the execution, delivery and performance of this Agreement and the Ancillary
Agreements by Purchaser do not and will not:

          (a) violate, conflict with or result in the breach of any provision of the certificate of
incorporation or bylaws (or other organizational documents) of Purchaser;

          (b) conflict with or violate any Order of any Governmental Authority or any Law applicable to
Purchaser; or

          (c) conflict with, or result in any breach of, constitute a default (or event which with the
giving of notice or lapse of time, or both, would become a default) under, require any consent
under, or give to others any rights of termination, amendment, acceleration, suspension, revocation
or cancellation of, or result in the creation of any Encumbrance on any of the assets or properties
of Purchaser pursuant to, any note, bond, mortgage or indenture, contract, agreement, lease,
sublease, license, permit, franchise or other instrument or arrangement to which Purchaser is a
party or by which any of such assets or properties is bound or affected, which would have a
material adverse effect on the ability of Purchaser to consummate the transactions contemplated by
this Agreement or by the Ancillary Agreements.

     4.3. Authority and Enforceability. Purchaser has all necessary corporate power and
authority to execute and deliver this Agreement and the Ancillary Agreements, and to consummate the
transactions contemplated hereby and thereby. The execution and delivery of this Agreement and the
Ancillary Agreements and the consummation of the Share Purchase have been duly and validly
authorized by all necessary corporate action on the part of Purchaser and no other corporate
proceedings are necessary to authorize and approve this Agreement and the Ancillary Agreements and
to consummate the transactions contemplated hereby and thereby. This Agreement and the Ancillary
Agreements have been duly and validly executed and delivered by Purchaser, constitute the legal,
valid and binding obligations of Purchaser, and are enforceable against Purchaser in accordance
with their terms, subject to (i) the effect of any applicable bankruptcy, reorganization,
insolvency, moratorium or similar Laws affecting creditors’ rights generally and (ii) rules of law
and equity governing specific performance, injunctive relief and other equitable remedies.

     4.4. Brokers. No broker, finder or investment banker is entitled to any brokerage,
finder’s or other fee or commission in connection with the origination, negotiation or execution of
this Agreement, the Share Purchase or the other transactions contemplated by this Agreement based
upon arrangements made by or on behalf of Purchaser.

ARTICLE V

ADDITIONAL AGREEMENTS

     5.1. Confidentiality.

          (a) As used in this Agreement, the term “Confidential Information” includes any and all
of the following information of Company and Purchaser that has been or may hereafter be disclosed
in any form, whether in writing, orally, electronically or otherwise, or otherwise made available
by observation, inspection or otherwise by either Party (Purchaser, collectively, on the one hand
or Company, on the other hand) or its Affiliates, legal representatives and agents (collectively, a
“Disclosing Party”) to the other Party or its Affiliates and agents (collectively, a “Receiving
Party”): (i) all information that is a trade secret under applicable trade secret or other

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law; (ii) all information concerning product specifications, data, know-how, formulae,
compositions, processes, designs, sketches, photographs, graphs, drawings, samples, inventions and
ideas, past, current and planned research and development, current and planned manufacturing or
distribution methods and processes, customer lists, current and anticipated customer requirements,
price lists, market studies, business plans, computer hardware, Software and computer software and
database technologies, systems, structures and architectures; (iii) all information concerning the
business and affairs of the Disclosing Party (which includes historical and current financial
statements, financial projections and budgets, tax returns and accountants’ materials, historical,
current and projected sales, capital spending budgets and plans, business plans, strategic plans,
marketing and advertising plans, publications, client and customer lists and files, contracts, the
names and backgrounds of key personnel and personnel training techniques and materials, however
documented), and all information obtained from review of the Disclosing Party’s documents or
property or discussions with the Disclosing Party regardless of the form of the communication; (iv)
all notes, analyses, compilations, studies, summaries and other material prepared by the Receiving
Party to the extent containing or based, in whole or in part, upon any information included in the
foregoing; and (v) the existence of this Agreement or any of the terms of this Agreement or the
transactions contemplated by this Agreement (“Contemplated Transactions”).

          (b) Each Receiving Party acknowledges the confidential and proprietary nature of the
Confidential Information of the Disclosing Party and agrees that such Confidential Information (i)
shall be kept confidential by the Receiving Party; (ii) shall not be used for any reason or purpose
other than to consummate the Contemplated Transactions; and (iii) without limiting the foregoing,
shall not be disclosed by the Receiving Party to any Person, except in each case as otherwise
expressly permitted by the terms of this Agreement or with the prior written consent of the
Disclosing Party. From and after the Closing, the provisions of this Section 5.1 shall not apply to
or restrict in any manner Purchaser’s use of any Confidential Information of the Company.
Notwithstanding the foregoing, the Receiving Party may disclose Confidential Information to the
Receiving Party’s attorneys, accountants and ownership partners.

          (c) Notwithstanding Section 5.1(a) above, Confidential Information shall not include any
information which (i) was publicly known and made generally available in the public domain prior to
the time of disclosure by the Company; (ii) becomes publicly known and made generally available
after disclosure by the Company to the Receiving Party through no action or inaction of the
Receiving Party; (iii) is already in the possession of the Receiving Party at the time of
disclosure by the Company as shown by the Receiving Party’s files and records immediately prior to
the time of disclosure; (iv) is obtained by the Receiving Party from a third Party without a breach
of such third party’s obligations of confidentiality.

     5.2. Public Disclosure. Upon execution of this Agreement, Purchaser may elect to
issue a press release announcing such execution. Purchaser shall consult with the Company with
respect to, and give the Company a reasonable opportunity to comment on, Purchaser’s initial press
release (and related external communication plan) with respect to this Agreement, the Ancillary
Agreements and the transactions contemplated hereby and thereby. The Company shall not issue any
press release or make any statement or disclosure regarding the terms of this Agreement, the
Ancillary Agreements or the transactions contemplated hereby and thereby, except as may be required
by applicable Law. Notwithstanding anything to the contrary set forth in this Section 5.2,
Purchaser may make such disclosures and filing regarding the terms of this Agreement, the Ancillary
Agreements or the transactions

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contemplated hereby and thereby, as is necessary to comply with applicable Law, including
without limitation, applicable securities Laws, without seeking the consultation or input from
Company.

     5.3. Treatment of Company Options. Company Options shall not be assumed or
substituted by Purchaser. Prior to the Closing, the Company Board has provided for the
cancellation of all outstanding Company Options effective as of and contingent upon the Closing.
The Company has taken all steps necessary to cause the Company Options to be treated as set forth
in this Section 5.3, including but not limited to providing any necessary notices to, and obtaining
any necessary consents or waivers from, holders of Company Options that remain outstanding
immediately prior to the Closing. Copies of the relevant agreements governing all Company Options
have been made available to Purchaser.

     5.4. Termination of Benefit Plans. The Company has terminated all Company Employee
Plans set forth on Section 2.18(a) of the Company Disclosure Schedule effective as of no later than
the Closing. The Company has provided to Purchaser executed resolutions by the Company Board
terminating such Company Employee Plans in form and substance satisfactory to Purchaser.

     5.5. Tax Matters.

     The following provisions shall govern the allocation of responsibility as among Purchaser and
the Stockholders’ Agent for certain Tax matters:

          (a) Pre-Closing Tax Period and Straddle Period Tax Returns. Purchaser shall prepare
or cause to be prepared and file or cause to be filed all Tax Returns for the Company for any
taxable year or period that ends on or before the Closing Date that are due (including extensions)
after the Closing Date and for any Straddle Period. Purchaser shall (i) submit such Tax Returns to
the Stockholders’ Agent for review and comment at least 20 days prior to their filing and (ii) make
any timely comments requested by the Stockholders’ Agent in good faith, provided such comments are
(A) consistent with past practice and applicable Law, and (B) could not reasonably be expected to
materially adversely impact the Company or Purchaser (or any Affiliate) in any taxable year or
period beginning after the Closing Date. Purchaser shall receive a disbursement from the Escrow
Fund, at least five days before the due date of the applicable Tax Return, in an amount equal to
the Taxes shown as due and payable on such Tax Return to the extent such Taxes are due with respect
to the Tax Liability of the Company for taxable years ending on or before the Closing Date and the
portion of any Straddle Period ending on (and including) the Closing Date, and to the extent such
amounts were not reflected on the Estimated Closing Balance Sheet. In the event that Purchaser and
the Stockholders’ Agent are unable to agree on any position(s) taken on any Tax Return described in
this Section 5.5 prior to the due date for filing such Tax Return, Purchaser and the Stockholders’
Agent shall promptly submit such Tax Return to the Tax Arbitrator for resolution in accordance with
the procedures described in this Section 5.5; provided, however, that if the Tax Arbitrator is
unable to resolve such dispute prior to the filing of such Tax Return, Purchaser shall be entitled
to receive a disbursement from the Escrow Fund in accordance with this Section 5.5 for the amount
of Taxes for taxable periods ending on or before the Closing Date and the portion of any Straddle
Period ending on (and including) the Closing Date shown as due and payable on the Tax Return
originally submitted to the Stockholders’ Agent by Purchaser, and to the extent such amounts were
not reflected on the Estimated Closing Balance Sheet; provided further, that if the Tax Arbitrator
resolves such dispute in favor of the Stockholders’ Agent, Purchaser shall within five days of such
resolution by the Tax Arbitrator pay the Escrow Fund the difference between the amount of the
disbursement Purchaser received from the Escrow Fund and the amount the Tax Arbitrator determines
Purchaser should have been entitled to receive from the Escrow Fund. Where it is necessary for
purposes of this Section 5.5 to apportion the Taxes of the Company or with respect to the assets of
the Company for a Straddle Period, such Liability shall be apportioned between the period deemed to
end at the close of the Closing Date, and the period deemed to begin at the beginning of the day
following the Closing Date on the basis of an interim closing of the

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books, except that Taxes (such as real or personal property Taxes) imposed on a periodic basis
shall be allocated on a daily basis.

          (b) Tax Contests. After the Closing Date, Purchaser shall notify the Stockholders’
Agent within 20 days of the commencement of any notice of Tax deficiency, proposed Tax adjustment,
Tax assessment, Tax audit, Tax examination or other administrative or court proceeding, suit,
dispute or other claim with respect to Taxes (a “Tax Claim”) affecting the Taxes of or with
respect to the Company that, if determined adversely to the taxpayer or after the lapse of time
would be grounds for a claim for indemnity pursuant to Section 7.3(b) hereof; provided,
however, that a failure by Purchaser to provide notice of a Tax Claim within such 20 day
period shall not entitle the Indemnifying Parties to reduce the amount of the Liability required to
be paid pursuant to Section 7.3(b) unless such failure results in a material detriment to the
Indemnifying Parties, in which case the amount the Indemnifying Parties are required to pay with
respect to such Liability shall only be reduced by the amount of such detriment. Thereafter,
Purchaser shall deliver to the Stockholders’ Agent, as promptly as possible but in no event later
than 20 days after Purchaser’s receipt thereof, copies of all relevant notices and documents
(including court papers) received by Purchaser. In the case of any Tax Claim relating to any Tax
period ending on or before the Closing Date that, if determined adversely to the Company would be
grounds for a claim for indemnity pursuant to Section 7.3(b) hereof, the Stockholders’ Agent (at
its sole cost and expense) shall have the right to control the conduct of such Tax Claim and shall
have the right to settle such Tax Claim; provided, however, (i) that Purchaser may
fully participate in the dispute of such Tax Claim, (ii) the Stockholders’ Agent shall not settle,
compromise or dispose of any Tax Claim in a manner that could reasonably be expected to materially
affect the Company after the Closing Date, (iii) the Stockholders’ Agent shall keep the Purchaser
timely informed with respect to the commencement, status and nature of any such Tax Claim and (iv)
the Stockholders’ Agent shall not settle, compromise or dispose of any Tax Claim without the
consent of the Purchaser, which consent shall not be unreasonably withheld. In the case of any Tax
Claim relating to the Taxes of any Straddle Period, Purchaser and the Stockholders’ Agent may each
participate, at their own expense, in the audit or proceeding, and the audit or proceeding shall be
controlled by Purchaser or the Stockholders’ Agent, whichever would bear the burden of the greatest
portion of the adjustment; provided, however, that the party controlling the Straddle Period Tax
Claim (i) shall not settle such audit or proceeding without the consent of the other party, which
consent shall not be unreasonably withheld and (ii) shall keep the other party timely informed with
respect to the commencement, status and nature of any such Tax Claim.

          (c) Cooperation. Purchaser and the Stockholders’ Agent shall cooperate fully, as and
to the extent reasonably requested by the other party, in connection with the filing of Tax Returns
and any audit, examination, litigation or other proceeding with respect to Taxes. Such cooperation
shall include the retention and (upon the other party’s request) the provision of records and
information which are reasonably relevant to any such audit, litigation or other proceeding and
making employees available on a mutually convenient basis to provide additional information and
explanation of any material provided hereunder. Each of Purchaser and the Stockholders’ Agent
agrees, upon request, to use its reasonable best efforts to obtain any certificate or other
document from any Tax Authority as may be necessary to mitigate, reduce or eliminate any Tax that
could be imposed (including, but not limited to, with respect to the transactions contemplated
hereunder).

          (d) Dispute Resolution. Any dispute, controversy, or claim between Purchaser, on the
one hand, and the Stockholders’ Agent, on the other hand, arising out of or relating to the
provisions of this Agreement that relates to Taxes that cannot be resolved by negotiations between
Purchaser and the Stockholders’ Agent shall be submitted to a senior tax partner in a mutually
agreeable nationally recognized accounting firm for resolution (“Tax Arbitrator”). The
resolution reached by the Tax Arbitrator shall be binding on the Company, the Stockholders’ Agent,
Purchaser and their respective Affiliates, and may be entered and enforced in any court having
jurisdiction. The expenses of the Tax

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Arbitrator shall be borne by Purchaser and the Stockholders’ Agent in such proportions as the
Tax Arbitrator considers to be fair and reasonable in all circumstances to resolve the dispute (and
any such fees incurred by the Stockholders’ Agent shall be deemed Agent Expenses hereunder).

     5.6. Expenses. Whether or not the Share Purchase is consummated, all costs
and expenses incurred in connection with this Agreement and the transactions contemplated hereby
(including, without limitation, the fees and expenses of its advisers, accountants and legal
counsel) shall be paid by the party incurring such expense, except that in the event the Share
Purchase is consummated, to the extent not paid by the Company prior to Closing, the aggregate
amount payable by Purchaser to the Preferred Stockholders pursuant to Section 1.3(b)(i) shall be
reduced by the aggregate of any legal, accounting, broker’s, investment banker and any other fees
and expenses incurred by the Company in connection with the execution of this Agreement and the
Ancillary Agreements and the consummation of the Share Purchase and other transactions contemplated
hereby and thereby (such amount referred to as “Company Fees and Expenses”). Schedule
5.6 is the Company’s good faith itemized estimate of the Company Fees and Expenses incurred up
to and including the Closing Date.

ARTICLE VI

CLOSING DELIVERABLES

     6.1. Closing Deliveries by Purchaser. At the Closing, Purchaser shall deliver or
cause to be delivered to the Company:

          (a) Certificate of Purchaser. A certificate validly executed by an officer of the
Purchaser, certifying for and on the Company’s behalf, that the representations and warranties of
Purchaser contained in this Agreement are true and correct in all material respects as of the
Closing Date (except for those representations and warranties qualified by material, materiality or
similar expressions which shall be true and correct in all respects).

          (b) Escrow Agreement. An executed counterpart of the Escrow Agreement substantially
in the form attached hereto as Exhibit D from Purchaser.

     6.2. Closing Deliveries by the Company. At the Closing, the Company shall deliver or
cause to be delivered to Purchaser:

          (a) Certificates of the Company.

          (i) A certificate, validly executed by the Company’s Chief Executive Officer, certifying
for and on the Company’s behalf, that the representations and warranties of the Company
contained in this Agreement are true and correct in all material respects as of the Closing
Date hereof (except for those representations and warranties qualified by material,
materiality or similar expressions which shall be true and correct in all respects);
provided, however, the representations and warranties contained in Sections 2.1, 2.2, 2.4,
2.5, 2.6, 2.8(a), 2.11, 2.15, 3.1, 3.2, 3.3 and 3.5 are true and correct in all respects, and
as to the Company’s compliance with and performance of its covenants and obligations to be
performed and complied with at or before the Closing.

          (ii) A certificate, validly executed by the Secretary or an Assistant Secretary of the
Company, certifying for and on the Company’s behalf, as to (i) the terms and effectiveness of
its Charter Documents, each attached as an exhibit to such certificate, (ii) the valid
adoption of resolutions of the Company Board whereby this Agreement, the Share Purchase and
the

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transactions contemplated hereunder were adopted and approved by the Company Board, a
copy of which shall be attached as an exhibit to such certificate, (iii) the incumbency and
signatures of the officers of Company executing this Agreement and any of the Ancillary
Agreements, and (iv) attaching a certificate as of a date not earlier than the tenth business
day prior to the Closing as to the good standing of Company in the States of Delaware and
California and each jurisdiction in which Company is licensed or qualified to do business as
a foreign corporation.

          (iii) A properly executed Foreign Investment and Real Property Tax Act of 1980
notification letter (the “FIRPTA Certificate”), substantially in the form of
Exhibit C attached hereto, which states that shares of capital stock of the Company
do not constitute “United States real property interests” under Section 897(c) of the Code,
for purposes of satisfying Purchaser’s obligations under Treasury Regulation Section
1.1445-2(c)(3).

          (b) Resignation of Directors and Officers. Letters of resignation in form and
substance satisfactory to Purchaser from the directors and officers of the Company in office
immediately prior to the Closing, whereby each such Person resigns as a director and/or an officer
of the Company, as the case may be, effective as of the Closing.

          (c) Submission of Expenses. A detailed estimate of Company Fees and Expenses as of
the Closing Date pursuant to Section 5.6, the accuracy of which shall be certified by an executive
officer of the Company, together with reasonable backup documentation in connection therewith.

          (d) Final Conversion Schedule. The Final Conversion Schedule and related certificate
pursuant to Section 1.5(b).

          (e) Employee Agreements. An executed counterpart of (i) an employment agreement, in
substantially the form attached hereto as Exhibit B-1, from each Key Employee of the
Company, which Employment Agreement will include mutually agreeable provisions related to retention
bonus payments to be paid by Purchaser to such Key Employee (collectively, the “Employment
Agreements”) and (ii) a transitional payment agreement, in substantially the form attached
hereto as Exhibit B-2, from each Person who is an employee of the Company immediately prior
the Closing who is not a Key Employee (collectively, the “Transitional Payment
Agreements”). 

          (f) Legal Opinions. A legal opinion from GCA Law Partners LLP, legal counsel to the
Company, in substantially the form of Exhibit F attached to this Agreement.

          (g) Secured Notes. The original Secured Notes, which shall be cancelled following
payment therefor at the Closing, and an executed counterpart of an agreement in form and substance
satisfactory to Purchaser from the holders of the Secured Notes acknowledging and agreeing that (i)
on payment of the aggregate Secured Notes Payment Amount, the Secured Notes will be paid in full
and that effective as of the Closing, the Secured Notes and the Security Agreement are deemed
cancelled and terminated and (ii) such holder will execute and file, or authorizes Purchaser to
file on its behalf, as of the Closing Date any financing statements, including without limitation
any UCC financing statement amendments, necessary or desirable to terminate any security interest
granted to such holders under the Security Agreement.

          (h) Consents and Waivers. Executed copies of all consents and waivers set forth on
Section 2.6 of the Company Disclosure Schedule (in written form reasonably satisfactory to
Purchaser).

          (i) Termination of Benefit Plans. Evidence reasonably satisfactory to Purchaser that
all Company Employee Plans set forth on Section 2.18(a) of the Company Disclosure Schedule and

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arrangements have been terminated pursuant to resolution of the Company Board (the form and
substance of which shall have been subject to review and approval of Purchaser), effective as of no
later than the Closing.

          (j) Termination of Stockholder Agreements. Evidence reasonably satisfactory to
Purchaser that all stockholder agreements by and among the Company Stockholders (including but not
limited to any investors’ rights agreement, right of first refusal and co-sale agreement, voting
agreement and similar agreements) have been terminated, effective as of no later than the Closing.

          (k) Escrow Agreement. An executed counterpart of the Escrow Agreement substantially
in the form attached hereto as Exhibit D from the Stockholders’ Agent.

          (l) Secured Note Waiver. A waiver signed by each holder of a Secured Note waiving any
and all rights to any and all interest, fees and/or penalties due or that may become due in
accordance with the terms of such Secured Note and waiving any and all preferences set forth in the
Secured Note, except for payment of the principal amount of such Secured Note at Closing.

ARTICLE VII

ESCROW AND INDEMNIFICATION

     7.1. Escrow Fund. On the Closing Date, Purchaser shall deposit or cause to be
deposited the Escrow Amount with [ • ] (or its successor in interest or other institution
selected by Purchaser with the reasonable consent of the Company), as escrow agent (the “Escrow
Agent”), such deposit (together with interest and other income thereon) to constitute the
escrow fund (the “Escrow Fund”) which shall be available to compensate Purchaser
Indemnified Parties pursuant to the indemnification obligations of the Company for Losses and be
governed by the terms set forth herein and in the Escrow Agreement attached hereto as Exhibit
D. The escrow period (the “Escrow Period”) shall terminate at 11:59 p.m. California
Time on the first Business Day that is on or after the day the Company has paid out all of the
Escrow Funds, in accordance with the following Escrow Release Schedule (the “Escrow Release
Date”); provided, however, that a portion of the Escrow Fund which is necessary to satisfy any
unsatisfied or unresolved claims for Losses specified in any Officer’s Certificate delivered to the
Escrow Agent prior to the Escrow Release Date shall remain in the Escrow Fund until such claims
have been resolved. Subject at all times to the foregoing, any amounts in the Escrow Fund not
otherwise released to satisfy a claim for Losses and/or not subject to an unsatisfied or unresolved
claim for Losses shall be released in accordance with the following schedule until all amounts
remaining in the Escrow Fund are released (the “Escrow Release Schedule”):

	 	(i)	 	On July 31, 2012, an amount equal to thirty five percent (35%) of EBITDA
generated from the business of the Company from the Closing through June 30,
2012 shall be released from the Escrow Fund;
	 
	 	(ii)	 	Every three (3) months after July 31, 2012 through April 30,
2013, an amount equal to thirty five percent (35%) of EBITDA generated from the
business of the Company for the immediately preceding calendar quarter shall be
released from the Escrow Fund;

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	 	(iii)	 	Every three (3) months after April 30, 2013, an amount equal
to fifty percent (50%) of EBITDA generated from the business of the Company for
the immediately preceding calendar quarter;

     7.2. Survival Period. The representations and warranties of the Company and the
Company Stockholders contained in Sections 2.1, 2.4, 2.5, 2.6, 2.11, 2.15, 2.21, 2.22, 3.1, 3.2 and
3.3 (the “Specified Representations”) shall survive the Closing Date until the expiration
of all applicable statutes of limitation and all other representations and warranties of the
Company and the Company Stockholders contained in this Agreement shall survive the Closing Date for
a period of 12 months (the “Survival Period”). The representations and warranties of
Purchaser contained in this Agreement shall survive the Closing Date for a period of 12 months.
All covenants and agreements of the parties will survive in accordance with their respective terms.
If written notice of a claim has been given prior to the expiration of the Survival Period by
Purchaser to Stockholders’ Agent, then the relevant representations and warranties shall survive as
to such claim until such claim has been finally resolved,

     7.3. Indemnification.

          (a) Subject to the limitations set forth in this Article VII, after the Closing Date, the
Company Stockholders shall severally and not jointly indemnify and hold harmless Purchaser and its
Affiliates, officers, directors, employees, agents, successors and assigns (collectively, the
“Purchaser Indemnified Parties”) for any and all liabilities, losses, damages of any kind,
claims, costs, expenses, fines, fees, deficiencies, interest, awards, judgments, amounts paid in
settlement and penalties (including, without limitation, reasonable attorneys’, consultants’ and
experts’ fees and expenses and other costs of defending, investigating or settling claims)
suffered, incurred, accrued (in accordance with GAAP) or paid by them (including, without
limitation, in connection with any action brought or otherwise initiated by any of them)
(collectively, “Losses”), arising out of or resulting from:

          (i) any inaccuracy or breach of any representation or warranty made by such Company
Stockholder in Article III of this Agreement;

          (ii) the breach of any covenant or agreement made by such Company Stockholder in this
Agreement or any of the Ancillary Agreements; or

          (iii) any act of gross negligence, fraud or intentional misrepresentation of such
Company Stockholder or any officer, director, Affiliate or employee of such Company
Stockholder related to this Agreement.

          (b) Subject to the limitations set forth in this Article VII, after the Closing Date, the
Company Stockholders shall severally and not jointly (based on their respective Proportionate
Escrow Share) indemnify and hold harmless the Purchaser Indemnified Parties for any and all Losses
arising out of or resulting from:

          (i) any inaccuracy or breach of any representation or warranty made by the Company in
Article II of this Agreement;

          (ii) the breach of any covenant or agreement made by the Company in this Agreement or
any of the Ancillary Agreements;

          (iii) any monies owed as a repayment of pre-paid services as a result of the termination
of the Pre-Paid Contracts;

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          (iv) any inaccuracy contained in the Final Conversion Schedule or the statement of
Company Fees and Expenses provided pursuant to Sections 1.4 and 5.6; or

          (v) any act of gross negligence, fraud or intentional misrepresentation of the Company
or any officer, director, Affiliate or employee of the Company related to this Agreement.

          (c) Indemnification by Purchaser. Subject to the limitations set forth in this
Article VII, after the Closing Date, the Company Stockholders and their respective Affiliates,
officers, directors, employees, agents, successors and assigns (collectively, the “Seller
Indemnified Parties”) shall be indemnified and held harmless by Purchaser for any and all
Losses arising out of or resulting from:

          (i) any inaccuracy or breach of any representation or warranty made by Purchaser in
Article IV of this Agreement; or

          (ii) any act of gross negligence, fraud or misrepresentation of Purchaser or any
officer, director, Affiliate or employee of Purchaser related to this Agreement.

          (d) Materiality. As used herein, Losses are not limited to matters asserted by third
parties, but include Losses incurred or sustained by the Purchaser Indemnified Parties or Seller
Indemnified Parties in the absence of claims by third parties. The Company Stockholders shall not
have any right of contribution, right of indemnity or other right or remedy against Purchaser or
any other Purchaser Indemnified Parties in connection with any indemnification obligation or any
other Liability to which such Company Stockholder may become subject under or in connection with
this Agreement. Purchaser shall not have any right of contribution, right of indemnity or other
right or remedy against the Company Stockholders or any other Seller Indemnified Parties in
connection with any indemnification obligation or any other Liability to which Purchaser may become
subject under or in connection with this Agreement.

     7.4. Limitations.

          (a) Limitation on Company Stockholder Liability. The maximum aggregate Liability of
the Company Stockholders for indemnification under this Article VII for any of the matters set
forth in Section 7.3(b)(i), (ii) or (iii) shall not exceed the Escrow Amount; provided, however,
that the foregoing shall not apply (i) with respect to any breach of the Specified Representations,
for which the maximum aggregate Liability of the Company Stockholders for indemnification under
this Article VII for any of the matters set forth in Section 7.3(b)(i), (ii) or (iii) shall in no
event exceed the aggregate amount of consideration actually received by the Company Stockholders
plus (A) the Escrow Amount less any of such amount paid to Company Stockholders plus (B) Secured
Notes Payment Amount plus (C) the Company Fees and Expenses plus (D) all amounts that were due and
owing at Closing under the Purchaser Promissory Note plus (E) the Negative Estimated Working
Capital Adjustment, if any, and with respect to each individual Company Stockholder, shall in no
event exceed the actual amount of consideration received by such Company Stockholder plus, in the
case of the Preferred Stockholders (A) the Proportionate Escrow Share plus (B) each Preferred
Stockholder’s proportionate share of the Secured Notes Payment Amount plus (C) each Preferred
Stockholder’s proportionate share of the Company Fees and Expenses plus (D) each Preferred
Stockholder’s proportionate share of all amounts that were due and owing at Closing under the
Purchaser Promissory Note Company plus (E) each Preferred Stockholder’s proportionate share of the
Negative Estimated Working Capital Adjustment, or (ii) with respect to gross negligence, fraud or
intentional misrepresentation by the Company, for which there shall be no maximum Liability. In no
event shall the maximum aggregate Liability of any Company Stockholder for any matters under this
Article VII exceed such Company Stockholder’s proportionate share of any and all such Liabilities
(for purposes of clarity, including with respect to fraud or intentional misrepresentation by the
Company). All claims for indemnification pursuant to this Article 7 shall be made first
from the

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Escrow Fund, and only after exhaustion of the Escrow Fund, directly against the Company
Stockholders subject to the limitations of this Section 7.4(a).

          (b) Notwithstanding anything to the contrary contained in this Agreement, no indemnification
shall be available in respect of any claim made under Section 7.3(a) or (b): (i) until the
aggregate amount (without duplication) of Losses of the Purchaser Indemnified Parties with respect
to all such claims exceeds $75,000 (the “Basket Amount”), in which case the Purchaser
Indemnified Parties shall be entitled to be indemnified for all such Losses, including both those
below and in excess of the Basket Amount, and (ii) unless the Loss relating to such claim, or
series of related claims that are based primarily on a similar set of operative facts, is greater
than $10,000.

          (c) Limitation on Purchaser Liability. The maximum aggregate Liability of Purchaser
for indemnification under this Article VII for any of the matters set forth in Section 7.3(a) shall
not exceed $350,000; provided, however, that the foregoing shall not apply with respect to gross
negligence, fraud or intentional misrepresentation by Purchaser.

     7.5. Indemnification Procedures.

          (a) For purposes of this Section 7.5, a party against which indemnification may be sought is
referred to as the “Indemnifying Party” and the party which may be entitled to
indemnification is referred to as the “Indemnified Party.”

          (b) The obligations and liabilities of Indemnifying Parties under this Article VII with
respect to Losses arising from actual or threatened claims or demands by any third party which are
subject to the indemnification provided for in this Article VII (“Third Party Claims”)
shall be governed by and contingent upon the following additional terms and conditions. If an
Indemnified Party shall receive notice of any Third Party Claim, the Indemnified Party shall give
the Indemnifying Party notice of such Third Party Claim within 90 days of the receipt by the
Indemnified Party of such notice; provided, however, that the failure to provide
such notice shall not release an Indemnifying Party from any of its obligations under this Article
VII except to the extent that such Indemnifying Party is materially prejudiced by such failure.
The notice of claim shall describe in reasonable detail the facts known to the Indemnified Party
giving rise to such indemnification claim, and the amount or good faith estimate of the amount
arising therefrom.

          (c) If the Indemnifying Party acknowledges in writing that the Indemnified Party is entitled
to indemnification hereunder against any Losses that may result from such Third Party Claim, then
the Indemnifying Party shall be entitled to assume and control the defense of such Third Party
Claim through counsel of its choice (such counsel to be reasonably acceptable to the Indemnified
Party) if it gives notice of its intention to do so to the Indemnified Party within thirty (30)
days of the receipt of such notice from the Indemnified Party; provided, however,
that the Indemnifying Party shall not have the right to assume the defense of the Third Party Claim
if (i) any such claim seeks, in addition to or in lieu of monetary losses, any injunctive or other
equitable relief; or (ii) there is reasonably likely to exist a conflict of interest that would
make it inappropriate (in the judgment of the Indemnified Party in its reasonable discretion) for
the same counsel to represent both the Indemnified Party and the Indemnifying Party; or (iii)
settlement of, or an adverse judgment with respect to, the Third Party Claim would establish (in
the good faith judgment of the Indemnified Party) a precedential custom or practice that would be
materially adverse to the business interests of the Indemnified Party; provided,
however, in each such instance the Indemnifying Party shall have the right (at
its expense), but not the obligation, to participate in (but not control), the defense of any such
Third Party Claim. If the Indemnifying Party assumes the defense of a Third Party Claim, it will
conduct the defense actively, diligently and at its own expense, and it will hold all Indemnified
Parties harmless from and against all Losses caused by or arising out of any settlement

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thereof. The Indemnified Party shall cooperate with the Indemnifying Party in such defense
and make available to the Indemnifying Party, at the Indemnifying Party’s expense, all witnesses,
pertinent records, materials and information in the Indemnified Party’s possession or under the
Indemnified Party’s control relating thereto as is reasonably requested by the Indemnifying Party.
Except with the written consent of the Indemnified Party (not to be unreasonably withheld,
conditioned or delayed), the Indemnifying Party will not, in the defense of a Third Party Claim,
consent to the entry of any judgment or enter into any settlement (i) which does not include as an
unconditional term thereof the giving to the Indemnified Party by the third party of a release from
all Liability with respect to such suit, claim, action, or proceeding; or (ii) unless there is no
finding or admission of (A) any violation of Law by the Indemnified Party (or any Affiliate
thereof), (B) any Liability on the part of the Indemnified Party (or any Affiliate thereof) or (C)
any violation of the rights of any person and no effect on any other claims of a similar nature
that may be made by the same third party against the Indemnified Party (or any Affiliate thereof).

          (d) In the event that the Indemnifying Party fails or elects not to assume the defense of an
Indemnified Party against such Third Party Claim which the Indemnifying Party had the right to
assume pursuant to Section 7.5(c), the Indemnified Party shall have the right, at the expense of
the Indemnifying Party, to defend or prosecute such claim in any manner as it may reasonably deem
appropriate, and the Indemnified Party may seek prompt reimbursement for any Losses incurred in
connection with any settlement thereof; provided, however, that the Indemnified Party
will not, in the defense of a Third Party Claim, consent to the entry of any judgment or enter into
any settlement without the written consent of the Indemnifying Party (not to be unreasonably
withheld, conditioned or delayed). If no settlement of such Third Party Claim is made, the
Indemnified Party may seek prompt reimbursement for any Losses arising out of any judgment rendered
with respect to such claim. Any Losses for which an Indemnified Party is entitled to
indemnification hereunder shall be promptly paid as suffered, incurred or accrued (in accordance
with GAAP). If the Indemnifying Party does not elect to assume the defense of a Third Party Claim
which it has the right to assume hereunder, the Indemnified Party shall have no obligation to do
so.

          (e) In the event that the Indemnifying Party is not entitled to assume the defense of the
Indemnified Party against such Third Party Claim pursuant to Section 7.5(c), the Indemnified Party
shall have the right, at the expense of the Indemnifying Party, to defend or prosecute such claim
and consent to the entry of any judgment or enter into any settlement with respect to the Third
Party Claim in any manner it may reasonably deem appropriate, and the Indemnified Party may seek
prompt reimbursement for any Losses incurred in connection with such judgment or settlement;
provided, however, that the Indemnified Party will not, in the defense of a Third Party
Claim, consent to the entry of any judgment or enter into any settlement without the written
consent of the Indemnifying Party (not to be unreasonably withheld, conditioned or delayed). In
such case, the Indemnified Party shall conduct the defense of the Third Party Claim actively and
diligently, and the Indemnifying Party shall cooperate with the Indemnified Party in such defense
and make available to the Indemnified Party, at the Indemnifying Party’s expense, all such
witnesses, records, materials and information in the Indemnifying Party’s possession or under the
Indemnifying Party’s control relating thereto as is reasonably requested by the Indemnified Party.
If no settlement of such Third Party Claim is made, the Indemnified Party may seek prompt
reimbursement for any Losses arising out of any judgment rendered with respect to such claim. Any
Losses for which an Indemnified Party is entitled to indemnification hereunder shall be promptly
paid as suffered, incurred or accrued (in accordance with GAAP).

     7.6. Stockholders’ Agent.

          (a) The Company Stockholders, by approving this Agreement and the transactions contemplated
hereby, irrevocably appoint and constitute Hummer Winblad Ventures Partners V, LP, as the
Stockholders’ Agent for and on behalf of the Company Stockholders to execute and deliver this
Agreement and the Escrow Agreement and for all other purposes hereunder and thereunder, to give and

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receive notices and communications, to authorize delivery to Purchaser of the applicable
portion of the Escrow Fund in satisfaction of claims by Purchaser (or to object to such
deliveries), to assume the defense of any Third Party Claim pursuant to Section 7.5 on behalf of
any Common Stockholder, to agree to, negotiate, enter into settlements and compromises of, and
demand arbitration and comply with orders of courts and awards of arbitrators with respect to such
claims by Purchaser and such Third-Party Claims, to agree to, negotiate, enter into and provide
amendments and supplements to and waivers in respect of this Agreement, in accordance with Section
8.11 of this Agreement, and the Escrow Agreement, and to take all actions necessary or appropriate
in the judgment of the Stockholders’ Agent for the accomplishment of any or all of the foregoing.
Such agency may be changed by the holders of a majority in interest of the Escrow Fund from time to
time upon not less than 10 days’ prior written notice to all of the Company Stockholders and to
Purchaser. No bond shall be required of the Stockholders’ Agent, and the Stockholders’ Agent shall
receive no compensation for its services. Notices or communications to or from the Stockholders’
Agent shall constitute notice to or from each of the Company Stockholders (including any notices
required to be given to any Company Stockholder under Section 7.5).

          (b) The Stockholders’ Agent shall not be liable for any act done or omitted hereunder as
Stockholders’ Agent while acting in good faith and any act done or omitted pursuant to the advice
of counsel shall be conclusive evidence of such good faith. The Company Stockholders shall
severally and pro rata, in accordance with their respective Proportionate Escrow Shares, indemnify
the Stockholders’ Agent and hold it harmless against any loss, liability or expense incurred
without gross negligence or bad faith on the part of the Stockholders’ Agent and arising out of or
in connection with the acceptance or administration of his duties hereunder, (the “Agent
Expenses”). Following the termination of the Escrow Period and after the full satisfaction of
any claims made by Purchaser, the Stockholders’ Agent shall have the right to recover Agent
Expenses from the Escrow Fund from any amount that would otherwise be distributed to the Company
Stockholders and, prior to any such distribution, shall deliver to the Escrow Agent a certificate
setting forth the Agent Expenses actually incurred. Notwithstanding the foregoing, the
Stockholders’ Agent shall have the right to recover Agent Expenses from the Escrow Fund from any
amount that would otherwise be distributed to the Company Stockholders and, prior to any such
distribution, following delivery to the Escrow Agent of (i) a certificate setting forth the Agent
Expenses actually incurred and (ii) a signed consent from the Purchaser authorizing such Agent
Expenses.

          (c) The Stockholders’ Agent shall have reasonable access to information about the Company and
Purchaser and the reasonable assistance of the Company’s and Purchaser’s officers and employees for
purposes of performing its duties and exercising its rights under this Article VII, provided that
the Stockholders’ Agent shall treat confidentially and not disclose any nonpublic information from
or about the Company or Purchaser to anyone (except on a need to know basis to its attorneys,
accountants and financial advisors and such other necessary individuals who agree in writing to
treat such information confidentially) consistent with the confidentiality provisions of Section
5.1.

     7.7. Actions of the Stockholders’ Agent. A decision, act, consent or instruction of
the Stockholders’ Agent shall constitute a decision of all of the Company Stockholders and shall be
final, binding and conclusive upon each and every Company Stockholder, and the Escrow Agent,
Purchaser and the Company may rely upon any decision, act, consent or instruction of the
Stockholders’ Agent as being the decision, act, consent or instruction of each and every Company
Stockholder. The Escrow Agent and Purchaser are hereby relieved from any Liability to any Person
for any acts done by them in accordance with such decision, act, consent or instruction of the
Stockholders’ Agent.

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ARTICLE VIII

GENERAL PROVISIONS

     8.1. Notices. All notices, requests, claims, demands and other communications
hereunder shall be in writing and shall be given or made (and shall be deemed to have been duly
given or made (i) upon receipt) by delivery in Person, (ii) the next business day after deposit
with an overnight courier service, (iii) the next business day after dispatch by cable, by
facsimile, by telegram, by telex or (iv) three business days after deposit in United States by
registered or certified mail (postage prepaid, return receipt requested) to the respective parties
at the following addresses (or at such other address for a party as shall be specified in a notice
given in accordance with this Section 8.1):

          (a) if to the Company:

Krillion, Inc.

607A West Dana Street

Mountain View, CA 94041

Facsimile: (650) 965-0236

Attention: Sherry Thomas-Zon

with a copy (which shall not constitute notice) to:

GCA Law Partners LLP

1891 Landings Drive

Mountain View, CA 94043

Facsimile: (650) 428-3901

Attention: Jon Gonzales, Esq.

          (b) if to the Stockholders’ Agent:

Hummer Winblad Venture Partners V, L.P.,

as Stockholders’ Agent

One Lombard Street

San Francisco, CA 94111

Facsimile: (650) 979-9601

Attention: Todd Forrest

with a copy (which shall not constitute notice) to:

GCA Law Partners LLP

1891 Landings Drive

Mountain View, CA 94043

Facsimile: (650) 428-3901

Attention: Jon Gonzales, Esq.

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          (c) if to Purchaser:

Local.com Corporation

7555 Irvine Center Drive

Irvine, CA 92618

Facsimile: (949) 784-0880

Attention: Heath Clarke, CEO

with a copy (which shall not constitute notice) to:

Local.com Corporation

7555 Irvine Center Drive

Irvine, CA 92618

Facsimile: (949) 419-1194

Attention: Scott Reinke, General Counsel

     8.2. Severability. If any term or other provision of this Agreement is invalid,
illegal or incapable of being enforced by any rule of Law or public policy, all other terms and
provisions of this Agreement shall nevertheless remain in full force and effect so long as the
economic or legal substance of the transactions contemplated by this Agreement is not affected in
any manner materially adverse to any party. Upon a determination that any term or other provision
is invalid, illegal or incapable of being enforced, the parties hereto shall negotiate in good
faith to modify this Agreement so as to effect the original intent of the parties as closely as
possible in a mutually acceptable manner in order that the transactions contemplated by this
Agreement be consummated as originally contemplated to the greatest extent possible.

     8.3. Assignment, Binding Effect, Benefit. Neither this Agreement nor any of the
rights, interests or obligations hereunder shall be assigned by the Company or the Company
Stockholders (whether by operation of Law or otherwise) without the prior written consent of
Purchaser. Purchaser may assign any of its rights hereunder to any Affiliate of Purchaser without
obtaining the consent of the Company or the Company Stockholders; provided that Purchaser shall
remain primarily liable for its obligations hereunder, and provided that the assignment shall not
be effective until Purchaser shall have provided the Company and the Company Stockholders with
notice of such assignment which notice must include the full name of the assignee, the nature of
the assignee’s relationship with Purchaser and address of the assignee. Subject to the terms of
this Section 8.3, this Agreement shall be binding upon and shall inure to the benefit of the
parties hereto and their respective successors and assigns. Notwithstanding anything contained in
this Agreement to the contrary, nothing in this Agreement, expressed or implied, is intended to
confer on any person other than the parties hereto or their respective successors and assigns any
rights, remedies, obligations or liabilities under or by reason of this Agreement.

     8.4. Incorporation of Exhibits. The Company Disclosure Schedule, the Schedules and
all Exhibits attached hereto and referred to herein are hereby incorporated herein and made a part
hereof for all purposes as if fully set forth herein.

     8.5. Specific Performance. The parties hereto agree that irreparable damage would
occur in the event any provision of this Agreement was not performed in accordance with the terms
hereof and that the parties shall be entitled to specific performance of the terms hereof in
addition to any other remedy at law or in equity.

     8.6. Governing Law; Forum. This Agreement shall be governed by, and construed in
accordance with, the laws of the State of California applicable to contracts executed in and to be

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performed in that state and without regard to any applicable conflicts of law. Any
controversy or claim arising out of or relating to this Agreement or a breach hereof shall be
finally settled by arbitration in Irvine, California, under the commercial rules then in effect of
the American Arbitration Association, and shall be determined in accordance with the laws of the
State of California applicable to contracts to be wholly performed therein.

     8.7. Time of the Essence. For purposes of this Agreement and the transactions
contemplated by this Agreement, time is of the essence.

     8.8. Waiver of Jury Trial. Each of the parties hereto hereby irrevocably waives any
and all right to trial by jury in any legal proceeding arising out of or relating to this Agreement
or the transactions contemplated hereby.

     8.9. Construction.

          (a) For purposes of this Agreement, whenever the context requires: the singular number shall
include the plural, and vice versa; the masculine gender shall include the feminine and neuter
genders; the feminine gender shall include the masculine and neuter genders; and the neuter gender
shall include the masculine and feminine genders.

          (b) The parties hereto agree that any rule of construction to the effect that ambiguities are
to be resolved against the drafting party shall not be applied in the construction or
interpretation of this Agreement.

          (c) As used in this Agreement, the words “include” and “including,” and variations thereof,
shall not be deemed to be terms of limitation, but rather shall be deemed to be followed by the
words “without limitation.”

          (d) Except as otherwise indicated, all references in this Agreement to “Articles,” “Sections,”
“Schedules” and “Exhibits” are intended to refer to an Article or Section of, or Schedule or
Exhibit to, this Agreement.

          (e) Except as otherwise indicated, all references (i) to any agreement (including this
Agreement), contract or Law are to the agreement, contract or Law as amended, modified,
supplemented or replaced from time to time; and (ii) to any Government Authority include any
successor to that Government Authority.

          (f) Except as otherwise indicated, reference to any Person includes such Person’s successors
and assigns but, if applicable, only if such successors and assigns are not prohibited by this
Agreement, and reference to a Person in a particular capacity excludes such Person in any other
capacity or individually.

          (g) As used in this Agreement, “hereunder,” “hereof,” “hereto,” and words of similar import
shall be deemed references to this Agreement as a whole and not to any particular Article, Section
or other provision hereof

          (h) As used in this Agreement, with respect to the determination of any period of time, use of
the word “from” means “from and including” and “to” means “to but excluding”.

     8.10. Further Assurances. Each party hereto shall execute and cause to be delivered
to each other party hereto such instruments and other documents, and shall take such other actions,
as such other

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party may reasonably request (prior to, at or after the Closing) for the purpose of carrying
out or evidencing any of the transactions contemplated by this Agreement.

     8.11. Amendments and Waivers. This Agreement may not be amended or modified, nor may
compliance with any condition or covenant set forth herein be waived, except by a writing duly and
validly executed by Purchaser, the Company and the Stockholders’ Agent, or in the case of a waiver,
the party waiving compliance.

     8.12. Headings. The descriptive headings contained in this Agreement are included for
convenience of reference only and shall not affect in any way the meaning or interpretation of this
Agreement.

     8.13. Counterparts. This Agreement may be executed and delivered (including by
facsimile transmission) in two or more counterparts, each of which when executed and delivered
shall be deemed to be an original but all of which taken together shall constitute one and the same
agreement.

     8.14. Entire Agreement. This Agreement (including the Exhibits, the Schedules and the
Company Disclosure Schedule) constitutes the entire agreement among the parties with respect to the
subject matter hereof and supersede all prior agreements and understandings among the parties with
respect thereto.

[Remainder of Page Intentionally Left Blank]

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     IN WITNESS WHEREOF, Purchaser, the Company, the Company Stockholders and the Stockholders’
Agent have caused this Agreement to be executed as of the date first written above by their
respective officers thereunto duly authorized.

	 	 	 	 	 
	 	LOCAL.COM CORPORATION

 	 
	 	By:  	/s/ Heath B. Clarke
 	 
	 	 	Name:  	Heath B. Clarke 	 
	 	 	Title:  	Chief Executive Officer 	 
	 
	 	KRILLION, INC.

 	 
	 	By:  	/s/ Sherry Thomas-Zon
 	 
	 	 	Name:  	Sherry Thomas-Zon 	 
	 	 	Title:  	CEO 	 
	 
	 	COMPANY STOCKHOLDERS

 	 
	 	By:  	/s/ Signature on file
 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 
	 	STOCKHOLDERS’ AGENT:

HUMMER WINBLAD VENTURE PARTNERS V, L.P.

 	 
	 	By:  	Hummer Winblad Equity Partners V, L.L.C.,
 	 
	 	 	its General Partner 	 
	 	 	 
	 	By:  	                                              /s/ Todd Forrest
 	 
	 	 	Todd Forrest, Managing Director and CFO 	 
	 	 	 	 
	 

Signature Page to Stock Purchase Agreement

 

Exhibit A

Definitions

     “Acquisition Proposal” with respect to the Company, means any offer or proposal
relating to any transaction or series of related transactions involving: (a) any purchase from such
party or acquisition by any Person or “group” (as defined under Section 13(d) of the Exchange Act
and the rules and regulations thereunder) of 10% or more interest in the total outstanding voting
securities of the Company or any tender offer or exchange offer that if consummated would result in
any Person or group beneficially owning 10% or more of the total outstanding voting securities of
the Company, (b) any merger, consolidation, business combination or similar transaction involving
the Company, (c) any sale, lease (other than in the ordinary course of business consistent with
past practice), exchange, transfer, license (other than in the ordinary course of business
consistent with past practice), acquisition or disposition of 10% or more of the assets of the
Company or (d) any liquidation or dissolution of the Company (provided, however, that the
transactions between Purchaser and the Company contemplated by this Agreement shall not be deemed
an Acquisition Proposal).

     “Affiliate” of a specified Person means a Person who directly or indirectly through
one or more intermediaries controls, is controlled by, or is under common control with such
specified Person.

     “Agent Expenses” has the meaning set forth in Section 7.6(b).

     “Agreement” has the meaning set forth in the Preamble.

     “Ancillary Agreements” has the meaning set forth in Section 2.5.

     “Annual Financial Statements” has the meaning set forth in Section 2.7(a)(i).

     “Audit” means any audit, investigation, assessment of Taxes, other examination by any
Tax Authority, or any administrative or judicial proceeding or appeal of such proceeding relating
to Taxes.

     “Basket Amount” has the meaning set forth in Section 7.4(b).

     “Business Day” means any day on which banks are not required or authorized to close in
Irvine, California.

     “Business IP” means all Intellectual Property Rights at any time purportedly owned by
or exclusively licensed to or created by or for the Company. All other Intellectual Property
Rights that may be or have been used or exploited (or held for use or exploitation), whether
exclusively or non-exclusively, in connection with the Company’s business are referred to in this
Agreement as “Other IP.”

     “Charter Documents” has the meaning set forth in Section 2.2.

     “Closing” has the meaning set forth in Section 1.2.

     “COBRA” has the meaning set forth in Section 2.18(d).

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

     “Commodity Software” means commonly available, off-the-shelf software (excluding Open
Source Materials) with aggregate value of less than $10,000 that is licensed non-exclusively to the
Company in

-1-

 

object code form only on generally available terms and is not part of or directly used to
enable any product or service of the Company.

     “Common Stock Consideration” has the meaning set forth in Section 1.3(a).

     “Company” has the meaning set forth in the Preamble.

     “Company Board” means the Board of Directors of the Company.

     “Company Capital Stock” means all shares of Company Common Stock and Company Preferred
Stock.

     “Company Certificate” has the meaning set forth in Section 1.5(a).

     “Company Common Stock” has the meaning set forth in Section 1.3(a).

     “Company Disclosure Schedule” has the meaning set forth in Article II.

     “Company Employee Plan” or “Company Employee Plans” has the meaning set forth
in Section 2.18(a).

     “Company Fees and Expenses” has the meaning set forth in Section 5.6.

     “Company Option” means each option to acquire shares of Company Common Stock granted
under the Company Stock Plan.

     “Company Preferred Stock” has the meaning set forth in Section 1.3(b).

     “Company Products” means all products, technologies and services developed (including
products, technologies and services under development), made, provided, distributed, imported, sold
or out-licensed by or on behalf of the Company.

     “Company Returns” has the meaning set forth in Section 2.17(b).

     “Company Stockholders” has the meaning set forth in the Preamble.

     “Company Stock Plan” has the meaning set forth in Section 2.4(b).

     “Confidentiality Agreement” has the meaning set forth in Section 5.1.

     “Consents” has the meaning set forth in Section 2.6.

     “Contaminants” has the meaning set forth in Section 2.9(i).

     “Contract” means any written or legally binding oral agreement, contract, subcontract,
settlement agreement, lease, binding understanding, instrument, note, option, warranty, purchase
order, license, sublicense, insurance policy, benefit plan or legally binding, commitment or
arrangement, or undertaking of any nature, as in effect as of the date hereof or as may hereinafter
be in effect.

     “Secured Notes” means the First Amended and Restated Secured Promissory Note issued by
the Company on February 14, 2011 to each of Hummer Winblad Venture Partners V, L.P. and Leapfrog

-2-

 

Ventures II, L.P. in the aggregate principal amount of $465,602.39 and $233,301.72,
respectively, true and complete copies of which have been provided to Purchaser.

     “Secured Notes Payment Amount” has the meaning set forth in Section 2.4(c).

     “Designated Accounting Firm” shall mean an independent accounting firm of recognized
standing reasonably satisfactory to Purchaser and Stockholders’ Agent.

     “Development Tools” has the meaning set forth in Section 2.9(m).

     “EBITDA” means Earnings before interest, taxes, depreciation and amortization.

     “Employment Agreements” has the meaning set forth in Section 6.2(e).

     “Environment” means soil, surface waters, ground waters, land, stream sediments,
surface or subsurface strata, ambient air and any other environmental medium.

     “Environmental Conditions” means any condition with respect to the Environment which
results in any damage, loss, cost, expense, claim, demand, Order or Liability to or against the
Company or Purchaser.

     “Environmental Laws” means all Laws relating to pollution or protection of human
health or the environment (including, without limitation, ambient air, surface water, ground water,
land surface or subsurface strata, and natural resources), including, without limitation, Laws
relating to (i) emissions, discharges, releases or threatened releases of, or exposure to,
Hazardous Substances, (ii) the manufacture, processing, distribution, use, treatment, storage,
disposal, transport or handling of Hazardous Substances, (iii) recordkeeping, notification,
disclosure and reporting requirements regarding Hazardous Substances, and (iv) endangered or
threatened species of fish, wildlife and plant and the management or use of natural resources.

     “Encumbrance” means any mortgage, deed of trust, lien, pledge, charge, security
interest, title retention device, conditional sale or other security arrangement, collateral
assignment, claim, charge, adverse claim of title, ownership or right to use, restriction or other
encumbrance of any kind (including any restriction on (i) the transfer or receipt of any income
derived from any asset of the Company, (ii) the use of any asset, and (iii) the possession,
exercise or transfer of any other attribute of ownership of any asset of the Company).

     “ERISA” has the meaning set forth in Section 2.18(a).

     “ERISA Affiliate” has the meaning set forth in Section 2.18(a).

     “Escrow Agent” has the meaning set forth in Section 7.1.

     “Escrow Amount” means an amount equal to $1,000,000 in cash, which shall be deposited
with the Escrow Agent pursuant to Section 7.1 of the Agreement.

     “Escrow Fund” has the meaning set forth in Section 7.1.

     “Escrow Period” has the meaning set forth in Section 7.1.

     “Escrow Release Date” has the meaning set forth in Section 7.1.

-3-

 

     “Escrow Release Schedule” has the meaning set forth in Section 7.1.

     “Estimated Closing Balance Sheet” has the meaning set forth in Section 1.4(a).

     “Estimated Working Capital Value” has the meaning set forth in Section 1.4(a).

     “Final Conversion Schedule” has the meaning set forth in Section 1.5(b).

     “Final Working Capital Value” has the meaning set forth in Section 1.4(c).

     “FIRPTA Certificate” has the meaning set forth in Section 6.2(a)(iii).

     “GAAP” has the meaning set forth in Section 2.7(b).

     “Governmental Authority” means any domestic or foreign governmental, regulatory or
administrative authority, agency or commission, any court, tribunal or arbitral body, or any
quasi-governmental or private body exercising any regulatory, taxing, importing or other
governmental authority.

     “Governmental Authorization” means any consent, approval, license, registration,
security clearance, authorization, certificate or permit issued, granted, given or otherwise made
available by or under the authority of any Governmental Authority or pursuant to any Law.

     “Hazardous Substance” means any substance which is (i) defined as a hazardous
substance, hazardous material, hazardous waste, pollutant or toxic substance under any applicable
Environmental Laws, (ii) a petroleum hydrocarbon, (iii) asbestos, (iv) lead paint, or (v) regulated
pursuant to any Environmental Laws.

     “Indebtedness” means (i) all indebtedness for borrowed money or for the deferred
purchase price of property or services (other than current trade liabilities incurred in the
ordinary course of business and payable in accordance with customary practices), (ii) any other
indebtedness that is evidenced by a note, bond, debenture or similar instrument, (iii) all
obligations under financing leases, (iv) all obligations in respect of bankers’ acceptances issued
or created, (v) all liabilities secured by any Encumbrance on any property and (vi) all guarantees
of the payment obligations of a third party.

     “Indemnified Party” has the meaning set forth in Section 7.5(a).

     “Indemnifying Party” has the meaning set forth in Section 7.5(a).

     “Initial Common Amount Per Share” has the meaning set forth in Section 1.3(a).

     “Initial Preferred Amount Per Share” has the meaning set forth in Section 1.3(b)(i).

     “Intellectual Property Rights” means any or all of the following worldwide legal
rights, whether or not filed, perfected, registered or recorded, that may now or hereafter exist
under the laws of any jurisdiction: (i) patents, patent applications, and patent rights, including
any and all continuations, continuations-in-part, divisionals, reissues, reexaminations or
extensions thereof; all invention certificates; and all inventions and improvements thereto,
whether or not patentable; (ii) rights associated with works of authorship (including but not
limited to audiovisual works), including copyrights, copyright applications, and copyright
registrations, moral rights, economic rights, mask work rights, mask work applications, and mask
work registrations; (iii) rights relating to the protection of trade secrets and

-4-

 

Confidential Information; (iv) industrial design rights and industrial property rights; (v)
trademarks, service marks, logos, trade dress, trade names, applications and registrations for any
of the foregoing, and all goodwill associated with the same; (vi) domain names, including but not
limited to Internet domain names, Internet and World Wide Web URLs, and domain name registrations
and pending applications therefor; (vii) all rights of publicity; (viii) all rights in data,
databases, and data collections; (ix) any rights existing under any terms of use, terms of service,
proprietary license, open source license, free software license or other license or terms of any
kind which seek to govern access to, use of, or distribution of any product, data, Software, or
service (including, without limitation the terms of use or service of any Internet site); (x) any
rights similar or analogous to those set forth in the preceding clauses and any other proprietary
rights (including rights with respect to negative covenants) of any kind; (xi) all rights held
under any licenses or sublicenses or similar grants of rights to any proprietary assets owned by
another Person; and (xii) all rights to sue for any past, present or future infringement,
misappropriation, or violation of any of the foregoing and the right to all income, royalties,
damages and payments now or hereafter due or payable with respect to any of the foregoing rights,
including without limitation damages for past, present or future infringement, misappropriation, or
violation.

     “Interim Balance Sheet” has the meaning set forth in Section 2.7(a)(ii).

     “Interim Financial Statements” has the meaning set forth in Section 2.7(a)(ii).

     “IRS” means the Internal Revenue Service.

     “Key Employees” are employees of the Company that are listed on Schedule 1-B.

     “Knowledge” means (i) with respect to any Company Stockholder, the actual knowledge of
such Person after “due inquiry”, which shall be deemed a reasonably comprehensive investigation
that a prudent individual could be expected to conduct to discover or otherwise become aware of a
fact or matter and (ii) with respect to the Company, the actual knowledge of the Company’s
employees, officers, directors and each Major Stockholder after “due inquiry”.

     “Law” means any foreign, federal, state or local law (including common law), statute,
code, ordinance, rule, regulation or other requirement.

     “Lease Agreements” has the meaning set forth in Section 2.12.

     “Leased Real Property” has the meaning set forth in Section 2.12.

     “Liability” with respect to any Person, any liability or obligation of such Person of
any kind, character or description, whether known or unknown, absolute or contingent, accrued or
unaccrued, disputed or undisputed, liquidated or unliquidated, secured or unsecured, joint or
several, due or to become due, vested or unvested, executor, determined, determinable or otherwise,
and whether or not the same is required to be accrued on the financial statements of such Person.

     “Losses” has the meaning set forth in Section 7.3(a).

     “Major Stockholder” means any Company Stockholder who holds (together with any of his,
her or its Affiliates) more than 5% of the Company Capital Stock (on an as-converted basis)
immediately prior to the Closing.

     “Material Adverse Effect” means any event, change, violation, inaccuracy, circumstance
or effect (regardless of whether such event, change, violation, inaccuracy, circumstance or effect
is inconsistent

-5-

 

with any representations or warranties made in this Agreement) that is or is reasonably likely
to be, individually or in the aggregate, materially adverse to the financial condition, assets
(including intangible assets), business, operations or results of operations of the Company, or
business prospects, or a material adverse effect on the ability to consummate the transactions
contemplated hereby; provided, however, that any adverse change, event, circumstance or effect
arising from or related to conditions generally affecting the global securities markets or the
world economy (provided that such conditions do not affect the Company disproportionately as
compared to the Company’s competitors), shall not be taken into account in determining whether a
“Material Adverse Effect” has occurred or could reasonably be expected to occur.

     “Material Contracts” has the meaning set forth in Section 2.10(b).

     “Negative Estimated Working Capital Adjustment” has the meaning set forth in Section
1.4(a).

     “Open Source Materials” has the meaning set forth in Section 2.9(h).

     “Order” means any award, injunction, judgment, decree, order, ruling, subpoena or
verdict or other decision issued, promulgated or entered by or with any Governmental Authority.

     “Permits” has the meaning set forth in Section 2.16.

     “Person” means an individual, a partnership, a corporation, an association, a limited
liability company, a joint stock company, a trust, a joint venture, an unincorporated organization,
a group, a Governmental Authority or any other type of entity.

     “Positive Estimated Working Capital Adjustment” has the meaning set forth in Section
1.4(a).

     “Preferred Stock Consideration” has the meaning set forth in Section 1.3(b).

     “Preferred Stockholder” means any Company Stockholder who holds shares of the Company
Preferred Stock immediately prior to the Closing.

     “Pre-Paid Contracts” means those certain Contracts with Toshiba America Information
Systems, Inc., dated August 3, 2010 and Electrolux Home Products, Inc., dated November 16, 2009.

     “Proceeding” means any action, suit, litigation, arbitration, lawsuit, claim,
proceeding (including any civil, criminal, administrative, investigative or appellate proceeding
and any informal proceeding), prosecution, contests, hearing, inquiry, inquest, audit, examination,
investigation, challenge, controversy or dispute commenced, brought, conducted or heard by or
before, or otherwise involving, any Governmental Authority or any arbitrator.

     “Proportionate Escrow Share” means, with respect to each Preferred Stockholder, a
fraction, the numerator of which is the aggregate dollar amount payable in cash at the Closing to
such Preferred Stockholder in exchange for all shares of Company Preferred Stock owned by such
Preferred Stockholder pursuant to Section 1.3(b)(i) immediately prior to the Closing and as set
forth on the Final Conversion Schedule and the denominator of which is the aggregate dollar amount
to be payable in cash at the Closing in respect of all shares of Company Preferred Stock owned by
all Preferred Stockholders pursuant to Section 1.3(b)(i).

     “Proposed Closing Balance Sheet” has the meaning set forth in Section 1.4(b).

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     “Proposed Working Capital Value” has the meaning set forth in Section 1.4(b).

     “Purchaser” has the meaning set forth in the Preamble.

     “Purchaser Indemnified Parties” has the meaning set forth in Section 7.3(a).

     “Purchase Promissory Note” means that certain promissory noted, dated April 1, 2011,
by and between the Company and Purchaser in the principal amount of $100,000.00.

     “Security Agreement” means that certain First Amended and Restated Security Agreement,
dated as of February 14, 2011, executed by the Company in favor of the Collateral Agent (as defined
therein) on behalf of Hummer Winblad Venture Partners V, L.P. and Leapfrog Ventures II, L.P., a
true and correct copy of which has been provided to Purchaser.

     “Seller Indemnified Parties” has the meaning set forth in Section 7.3(c).

     “Share Purchase” has the meaning set forth in the Recitals.

     “Shares” has the meaning set forth in the Recitals.

     “Software” means all software (other than Commodity Software), documentation and
content developed, licensed, or used by or for the Company, in any form (including, but not limited
to, all software programs, objects, APIs, widgets, modules, routines, algorithms and code, in
source code, object code, and other form), and includes, without limitation, (i) all past and
current versions and releases, all work-in-process, and developed but unreleased code, and all
versions or releases under development as of the Closing Date including any improvements, updates,
patches and enhancements; (ii) any other software owned or licensed by the Company that is, has
been, or is intended to be used by the Company in connection with its business and/or the
development, utilization, or support of the software described in this paragraph; and (iii) all
derivative works of any of the software described in this paragraph.

     “Specified Representations” has the meaning set forth in Section 7.2.

     “Stockholders’ Agent” has the meaning set forth in the Preamble.

     “Straddle Period” means a taxable year or period beginning on or before, and ending
after, the Closing Date.

     “Survival Period” has the meaning set forth in Section 7.2.

     “Tax” or “Taxes” means all federal, state, local and foreign taxes, and other
assessments of a similar nature including, without limitation: (i) taxes or other charges on or
with respect to income, franchises, windfall or other profits, gross receipts, profits, sales, use,
capital stock, payroll, employment, social security, workers’ compensation, unemployment
compensation or net worth; (ii) taxes or other charges in the nature of excise, withholding, ad
valorem, stamp, transfer, value added or gains taxes; (iii) license, registration and documentation
fees; (iv) customs duties, tariffs and similar charges and (v) obligations pursuant to laws of
escheat or unclaimed or abandoned property, in the case of each of the foregoing clause (i) through
(v), whether imposed directly or through withholding and including any interest, additions to tax,
or penalties applicable thereto.

     “Tax Arbitrator” has the meaning set forth in Section 5.5(d).

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     “Tax Authority” means the IRS and any other national, regional, state, municipal,
foreign or other governmental or regulatory authority or administrative body responsible for the
administration of any Taxes.

     “Tax Claim” has the meaning set forth in Section 5.5(b).

     “Tax Return” means all federal, state, local and foreign tax returns, declarations,
statements, reports, schedules, forms and information returns or other documents and any amendments
thereto required to be filed with a Tax Authority.

     “Transitional Payment Agreements” has the meaning set forth in Section 6.2(e).

     “Third Party Claims” has the meaning set forth in Section 7.5(b).

     “Websites” has the meaning set forth in Section 2.9(l).

     “Working Capital” means the difference between the Company’s assets and liabilities as
set forth on the Estimated Closing Balance Sheet or the Proposed Closing Balance Sheet, as the case
may be.

     Working
Capital Adjustment Consideration has the meaning set forth in Section 1.4(e).

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Exhibit B-1

Form of Employment Agreement

Exhibit B-2

Form of Transitional Payment Agreement

Exhibit C

Form of FIRPTA Certificate

Exhibit D

Form of Escrow Agreement

Exhibit E

Form of Proprietary Information and Inventions Assignment Agreement

Exhibit F

Form of Company Legal Opinion

Schedule 1-A

List of Company Stockholders

Schedule 1-B

List of Key Employees

Schedule 1.4(a)

Estimated Closing Balance Sheet

Schedule 1.5(b)

Final Conversion Schedule

Schedule 5.6

Company Fees and ExpensesExhibit 10.1

Exhibit 10.1

EXECUTION COPY

SECOND REFINANCING AND INCREMENTAL AMENDMENT dated as of March 11, 2011
(this “Amendment”), relating to the Restated Credit Agreement dated
as of August 11, 2005, as amended and restated as of June 9, 2009, as
further amended by the First Refinancing Amendment dated as of January 31,
2011 (as previously amended, the “Credit Agreement”), among SUNGARD
DATA SYSTEMS INC. (the “Company”), SUNGARD HOLDCO LLC
(“Holdings”), the Overseas Borrowers from time to time party thereto
(the “Overseas Borrowers” and, together with the Company, the
“Borrowers”), the Lenders from time to time party thereto (the
“Lenders”), and JPMORGAN CHASE BANK, N.A., as administrative agent
(in such capacity, the “Administrative Agent”), collateral agent,
Swing Line Lender and L/C Issuer.

RECITALS

A. The Credit Agreement permits the Company to obtain from any Lender or Additional Lender
(i) Credit Agreement Refinancing Indebtedness in respect of all or any portion of the Revolving
Credit Loans outstanding or unused Revolving Credit Commitments under the Credit Agreement in the
form of Other Revolving Credit Loans and Other Revolving Credit Commitments pursuant to a
Refinancing Amendment, and (ii) Revolving Commitment Increases pursuant to an Incremental
Amendment.

B. In connection with this Amendment and the transactions contemplated hereby, J.P. Morgan
Securities LLC has been appointed as sole lead arranger and joint bookrunner and Credit Suisse
Securities (USA) LLC, Goldman Sachs Lending Partners LLC and Morgan Stanley Senior Funding, Inc.
have been appointed as joint bookrunners.

C. On the Second Refinancing Amendment Effective Date (as defined below), the Company intends
(i) to obtain new Revolving Credit Commitments in an aggregate principal amount equal to
$300,000,000 that will terminate on May 11, 2013 (the “New Revolving Credit Commitments”)
pursuant to Sections 2.15, 2.18 and 7.03(a) of the Credit Agreement and (x) to refinance the
Company’s existing 2011 Revolving Credit Commitments and the outstanding 2011 Revolving Credit
Loans and (y) to increase the Company’s existing 2013 Revolving Credit Commitments, and (ii) in
connection therewith, simultaneously with the effectiveness of this Amendment and the transactions
contemplated hereby, to repay all Revolving Credit Loans outstanding immediately prior to the
Second Refinancing Amendment Effective Date, and all interest and fees accrued thereon, with the
proceeds of the Revolving Credit Loans under the Restated Credit Agreement (as defined below)
(including Loans made pursuant to the existing 2013 Revolving Credit Commitments and the New
Revolving Credit Commitments) and terminate the existing 2011 Revolving Credit Commitments under
the Credit Agreement.

 

 

 

D. Subject to the terms and conditions set forth herein, each Person party hereto whose name
is set forth on Schedule I hereto under the heading “New Revolving Credit
Lenders” (each such Person, a “New Revolving Credit Lender”) has agreed to provide the
New Revolving Credit Commitments, as new Dollar Revolving Credit Commitments or new Multicurrency
Revolving Credit Commitments (such new Multicurrency Revolving Credit Commitments being a part of,
and not in addition to, such New Revolving Credit Lender’s new Dollar Revolving Credit
Commitments), in the amounts set forth opposite its name on such Schedule. Any New Revolving Credit
Lender in its capacity as a Lender providing new Dollar Revolving Credit Commitments is referred to
herein as a “New Dollar Revolving Credit Lender”, and any New Revolving Credit Lender in its
capacity as a Lender providing new Multicurrency Revolving Credit Commitments is referred to herein
as a “New Multicurrency Revolving Credit Lender”.

E. This Amendment is a combined Refinancing Amendment and Incremental Amendment entered into
(i) pursuant to Section 2.18 of the Credit Agreement to effect such amendments to the Credit
Agreement to effect the refinancing of the outstanding 2011 Revolving Credit Loans and 2011
Revolving Credit Commitments with the New Revolving Credit Commitments and the Revolving Credit
Loans made pursuant thereto, as described above and (ii) pursuant to Section 2.15 of the Credit
Agreement to effect the increase in the 2013 Revolving Credit Commitments.

AGREEMENTS

In consideration of the foregoing and for other good and valuable consideration, the receipt
and sufficiency of which are hereby acknowledged, Holdings, the Borrowers, the New Revolving Credit
Lenders and the Administrative Agent hereby agree as follows:

ARTICLE I.

Amendments

SECTION 1.01. Defined Terms. Capitalized terms used herein (including in the
recitals hereto) and not otherwise defined herein shall have the meanings assigned to such terms in
the Credit Agreement. The rules of construction specified in Section 1.02 of the Credit Agreement
also apply to this Amendment.

SECTION 1.02. New Revolving Credit Commitments. (a) Subject to the terms and
conditions set forth herein, effective as of the Second Refinancing Amendment Effective Date, all
2011 Revolving Credit Commitments (including all 2011 Dollar Revolving Credit Commitments and 2011
Multicurrency Revolving Credit Commitments) in effect immediately prior to the Second Refinancing
Amendment Effective Date will be terminated pursuant to Section 2.06 of the Credit Agreement;
provided, however, that the foregoing shall not affect (i) the obligations of any
L/C Issuer or any Letters of Credit outstanding immediately prior to the Second Refinancing
Amendment Effective Date or (ii) the obligation of the Swing Line Lender to make Swing Line Loans
pursuant to Section 2.04 of the Restated Credit Agreement or any Swing Line Loans outstanding,
immediately prior to the Second Refinancing Amendment Effective Date.

 

2

 

(b) Subject to the terms and conditions set forth herein, on the Second Refinancing Amendment
Effective Date, simultaneously with the termination of the 2011 Revolving Credit Commitments
pursuant to paragraph (a) above, (i) each New Revolving Credit Lender shall become or continue to
be, as applicable, a 2013 Revolving Credit Lender, a Revolving Credit Lender and a Lender under the
Restated Credit Agreement, and shall have all the rights and obligations of a Lender holding a
Revolving Credit Commitment thereunder, and (ii) the 2013 Dollar Revolving Credit Commitment and
2013 Multicurrency Revolving Credit Commitment of each New Revolving Credit Lender will be the
amount of such commitment, if any, set forth with respect to such New Revolving Credit Lender on
Schedule I hereto.

(c) Subject to the terms and conditions set forth herein, pursuant to Sections 2.15 and 2.18
of the Credit Agreement, effective as of the Second Refinancing Amendment Effective Date, for all
purposes of the Loan Documents, (a) (i) the New Revolving Credit Commitments shall constitute “2013
Revolving Credit Commitments”, “Revolving Credit Commitments”, “Other Revolving Credit
Commitments”, “Commitments” and to the extent the New Revolving Credit Commitments exceed the
Credit Agreement Refinancing Indebtedness, a “Revolving Commitment Increase”, (ii) the new Dollar
Revolving Credit Commitments shall constitute “2013 Dollar Revolving Credit Commitments” and
“Revolving Credit Commitments”, and the new Multicurrency Revolving Credit Commitments shall
constitute “2013 Multicurrency Revolving Credit Commitments” and “Revolving Credit Commitments”,
(iii) each New Revolving Credit Loan shall constitute a “2013 Revolving Credit Loan”, a “Revolving
Credit Loan” and a “Loan”, and (iii) each New Dollar Revolving Credit Loan shall constitute a “2013
Dollar Revolving Credit Loan”, a “Dollar Revolving Credit Loan” and a “Loan” and each New
Multicurrency Revolving Credit Loan shall constitute a “2013 Multicurrency Revolving Credit Loan”,
a “Multicurrency Revolving Credit Loan” and a “Loan”, and (b) (i) each New Revolving Credit Lender
shall become an “Additional Lender” and a “Revolving Commitment Increase Lender”, and shall have
all the rights and obligations of a Lender holding a Revolving Credit Commitment, (ii) each New
Dollar Revolving Credit Lender shall become a “2013 Dollar Revolving Credit Lender” (if such New
Dollar Revolving Credit Lender is not already a 2013 Dollar Revolving Credit Lender prior to the
effectiveness of this Amendment), and shall have all the rights and obligations of a Lender holding
a 2013 Dollar Revolving Credit Commitment, and (iii) each New Multicurrency Revolving Credit Lender
shall become a “2013 Multicurrency Revolving Credit Lender” (if such New Multicurrency Revolving
Credit Lender is not already a 2013 Multicurrency Revolving Credit Lender prior to the
effectiveness of this Amendment), and shall have all the rights and obligations of a Lender holding
a 2013 Multicurrency Revolving Credit Commitment, and (c) all Letters of Credit and Swing Line
Loans outstanding immediately prior to the Second Refinancing Amendment Effective Date shall
continue to be Letters of Credit and Swing Line Loans issued pursuant to the Restated Credit
Agreement.

(d) On the Second Refinancing Amendment Effective Date, each New Revolving Credit Lender with
a New Revolving Credit Commitment will automatically and without further act be (i) deemed to have
acquired a participation in each Letter of Credit outstanding on the Second Refinancing Amendment
Effective Date in accordance with Section 2.03(c) of the Restated Credit Agreement and (ii)
obligated to acquire and fund participations in any Swing Line Loans outstanding (if any) on the
Second Refinancing Amendment Effective Date in accordance with the provisions of Section 2.04(c) of
the Restated Credit Agreement such

 

3

 

that, after giving effect to each such deemed assignment and
assumption of participations, the percentage of the aggregate outstanding participations under the Restated Credit Agreement in
Letters of Credit and Swing Line Loans held by each Revolving Credit Lender (including each 2013
Revolving Credit Lender holding 2013 Revolving Credit Commitments immediately prior to the Second
Refinancing Amendment Effective Date and each New Revolving Credit Lender) will equal the
percentage of the aggregate Revolving Credit Commitments following the Second Refinancing Amendment
Effective Date (including all 2013 Revolving Credit Commitments outstanding immediately prior to
the Second Refinancing Amendment Effective Date and all New Revolving Credit Commitments) of all
Revolving Credit Lenders represented by such Revolving Credit Lender’s Revolving Credit Commitment.
The Swing Line Lender and each L/C Issuer consent to the foregoing.

(e) If there are any 2011 Revolving Credit Loans or 2013 Revolving Credit Loans outstanding
immediately prior to the Second Refinancing Amendment Effective Date (the “Existing Revolving
Credit Loans”), such Existing Revolving Credit Loans shall be prepaid in full by the Borrowers
on the Second Refinancing Amendment Effective Date, which prepayment shall be accompanied by
accrued and unpaid fees and interest on the Revolving Credit Loans being prepaid and any funding
losses payable in accordance with Section 3.05 of the Restated Credit Agreement. Such prepayment
may be financed (subject to satisfaction of applicable borrowing conditions under Section 4.02 of
the Restated Credit Agreement) with the proceeds of Revolving Credit Loans made on such date by the
Revolving Credit Lenders. The Administrative Agent hereby waives the requirement that the Company
provide advance notice of such repayment pursuant to Section 2.05(a). The Borrowers shall, on the
Second Refinancing Amendment Effective Date, pay to the Administrative Agent, for the accounts of
the Persons that are Revolving Credit Lenders holding outstanding Revolving Credit Loans
immediately prior to the Second Refinancing Amendment Effective Date, all interest and fees accrued
to the Second Refinancing Amendment Effective Date with respect to such Revolving Credit Loans
and, to the extent invoiced prior to the Second Refinancing Amendment Effective Date, any funding
losses payable in accordance with Section 3.05 of the Restated Credit Agreement.

(f) Each Lender, by delivering its signature page to this Amendment on the Second Refinancing
Amendment Effective Date shall be deemed to have acknowledged receipt of, and consented to and
approved, each Loan Document and each other document required to be delivered to, or be approved by
or satisfactory to, the Administrative Agent or any Class of Lenders on the Second Refinancing
Amendment Effective Date. The commitments of the New Revolving Credit Lenders are several, and no
New Revolving Credit Lender shall be responsible for any other New Revolving Credit Lender’s
failure to fund Revolving Credit Loans.

SECTION 1.03. Amendment and Restatement of the Credit Agreement. Effective as of the
Second Refinancing Amendment Effective Date:

(a) The Credit Agreement is hereby amended in accordance with Exhibit A hereto: (a) by
deleting each term thereof which is lined out and (b) by inserting each term thereof which is
double underlined, in each case in the place where such term appears therein. The Existing Credit
Agreement, as amended by this Amendment, is set forth in Exhibit A and is the “Restated Credit
Agreement”.

 

4

 

(b) Schedule 2.01 to the Credit Agreement is replaced by the schedule with the same
designation attached to Exhibit A hereto.

(c) Except as expressly set forth above, all schedules and exhibits to the Credit Agreement,
in the forms thereof immediately prior to the Second Refinancing Amendment Effective Date, are not
affected by this Amendment and will continue to be schedules and exhibits to the Restated Credit
Agreement.

SECTION 1.04. Amendment Effectiveness. The Amendment and the amendment and
restatement of the Credit Agreement provided for herein shall become effective as of the first date
(the “Second Refinancing Amendment Effective Date”) on which the following conditions have
been satisfied:

(a) The Administrative Agent (or its counsel) shall have received from (i) the
Borrowers, (ii) Holdings, (iii) each New Revolving Credit Lender, (iv) the Administrative
Agent, (v) the Swing Line Lender and (vi) each L/C Issuer, either (x) counterparts of this
Amendment signed on behalf of such parties or (y) written evidence satisfactory to the
Administrative Agent (which may include facsimile or other electronic transmissions of
signed signature pages) that such parties have signed counterparts of this Amendment. The
aggregate amount of New Revolving Credit Commitments shall constitute (x) Credit Agreement
Refinancing Indebtedness permitted by the Credit Agreement and (y) to the extent the New
Revolving Credit Commitments exceed the Credit Agreement Refinancing Indebtedness permitted
by the Credit Agreement in respect of the 2011 Revolving Credit Commitment and 2011
Revolving Credit Loans, a Revolving Commitment Increase permitted by the Credit Agreement.

(b) Immediately before and after giving effect to the establishment of the New
Revolving Credit Commitments, the borrowing of any Revolving Credit Loans on the Second
Refinancing Amendment Effective Date pursuant thereto or the application of the proceeds
therefrom, the repayment in full of the Existing Revolving Credit Loans and the termination
of the 2011 Revolving Credit Commitments, (x) no Default or Event of Default shall exist and
the conditions set forth in paragraphs (a) and (b) of Section 4.02 of the Credit Agreement
shall be satisfied on and as of the Second Refinancing Amendment Effective Date and (y) the
Company shall be in compliance with each of the covenants set forth in Section 7.11
determined on a Pro Forma Basis, on and as of the Second Refinancing Amendment Effective
Date and the last day of the most recent Test Period, in each case, as if such New Revolving
Credit Commitments had been established and such borrowings made pursuant thereto had been
outstanding on the last day of such fiscal quarter of the Company for testing compliance
therewith, and the New Revolving Credit Lenders shall have received a certificate of a
Responsible Officer dated the Second Refinancing Amendment Effective Date to such effect.

(c) The Administrative Agent shall have received a favorable legal opinion of Simpson
Thacher & Bartlett LLP, counsel to the Loan Parties, covering such matters as the
Administrative Agent may reasonably request and otherwise reasonably satisfactory to the
Administrative Agent. The Borrowers hereby request such counsel to deliver such opinion.

 

5

 

(d) The Administrative Agent shall have received (i) a certificate of good standing
with respect to each of the Borrowers and Holdings and (ii) a closing certificate executed
by a Responsible Officer of each of the Borrowers and Holdings dated the Second Refinancing
Amendment Effective Date, substantially in the form of the closing certificate delivered in
connection with the Amendment and Restatement Agreement, certifying as to the incumbency and
specimen signature of each officer executing this Amendment or any other document delivered
in connection herewith on behalf of each of the Borrowers and Holdings and attaching (A) a
true and complete copy of the certificate of incorporation or formation, as applicable, of
each of the Borrowers and Holdings, including all amendments thereto, as in effect on the
Second Refinancing Amendment Effective Date, certified as of a recent date by the Secretary
of State of the state of its organization, that has not been amended since the date of the
last amendment thereto shown on the certificate of good standing furnished pursuant to
clause (i) above, (B) a true and complete copy of the by-laws or limited liability company
agreement, as applicable, of each of the Borrowers and Holdings as in effect on the Second
Refinancing Amendment Effective Date and at all times since a date prior to the date of the
resolutions described in clause (C) below, and (C) a true and complete copy of resolutions
duly adopted by the Board of Directors or the Board of Managers, as applicable, of each of
the Borrowers and Holdings authorizing the execution, delivery and performance of this
Amendment and certifying that such resolutions have not been modified, rescinded or amended
and are in full force and effect.

(e) Each Loan Party shall have entered into a reaffirmation agreement, in form and
substance reasonably satisfactory to the Administrative Agent.

(f) The Company shall have paid in full, or substantially concurrently with the
satisfaction of the other conditions precedent set forth in this Section 1.04 shall pay in
full (i) all of the outstanding Existing Revolving Credit Loans, (ii) all accrued and unpaid
fees and interest with respect to the Existing Revolving Credit Loans and (iii) to the
extent invoiced, any amounts payable pursuant to Section 3.05 of the Credit Agreement.

(g) The Administrative Agent shall have received, in immediately available funds,
payment or reimbursement of all costs, fees, out-of-pocket expenses, compensation and other
amounts then due and payable in connection with this Amendment, including, to the extent
invoiced, the reasonable fees, charges and disbursements of counsel for the Administrative
Agent.

(h) The Administrative Agent shall have received, in immediately available funds, for
the account of the New Revolving Credit Lenders, payment of all fees owed to such New
Revolving Credit Lenders by the Borrowers on the Second Refinancing Amendment Effective Date
in connection with this Amendment and the transactions contemplated hereby.

The Administrative Agent shall notify the Borrowers, the New Revolving Credit Lenders and the other
Lenders of the Second Refinancing Amendment Effective Date and such notice shall be conclusive and
binding.

 

6

 

ARTICLE II.

Miscellaneous

SECTION 2.01. Representations and Warranties. To induce the other parties hereto to
enter into this Amendment, the Borrowers represent and warrant to each of the Lenders, including
the New Revolving Credit Lenders, and the Administrative Agent, the Swing Line Lender and each L/C
Issuer that, as of the Second Refinancing Amendment Effective Date and after giving effect to the
transactions and amendments to occur on the Second Refinancing Amendment Effective Date, this
Amendment has been duly authorized, executed and delivered by each of Holdings and the Borrowers
and constitutes, and the Restated Credit Agreement will constitute, its legal, valid and binding
obligation, enforceable against each of the Loan Parties in accordance with its terms, subject to
applicable bankruptcy, insolvency, reorganization, moratorium or other laws affecting creditors’
rights generally and subject to general principles of equity, regardless of whether considered in a
proceeding in equity or at law.

SECTION 2.02. Effect of Amendment. (a) Except as expressly set forth herein, this
Amendment shall not by implication or otherwise limit, impair, constitute a waiver of, or otherwise
affect the rights and remedies of, the Lenders, the Swing Line Lender, the L/C Issuers or the
Agents under the Credit Agreement or any other Loan Document, and shall not alter, modify, amend or
in any way affect any of the terms, conditions, obligations, covenants or agreements contained in
the Credit Agreement or any other Loan Document, all of which are ratified and affirmed in all
respects and shall continue in full force and effect. Nothing herein shall be deemed to establish
a precedent for purposes of interpreting the provisions of the Credit Agreement or the Restated
Credit Agreement or entitle any Loan Party to a consent to, or a waiver, amendment, modification or
other change of, any of the terms, conditions, obligations, covenants or agreements contained in
the Credit Agreement, the Restated Credit Agreement or any other Loan Document in similar or
different circumstances. This Amendment shall apply to and be effective only with respect to the
provisions of the Credit Agreement and the other Loan Documents specifically referred to herein.

(b) On and after the Second Refinancing Amendment Effective Date, each reference in the
Credit Agreement to “this Agreement”, “hereunder”, “hereof”, “herein” or words of like import, and
each reference to the Credit Agreement, “thereunder”, “thereof”, “therein” or words of like import
in any other Loan Document, shall be deemed a reference to the Restated Credit Agreement. This
Amendment shall constitute a combined Refinancing Amendment and Incremental Amendment entered into
pursuant to Sections 2.15 and 2.18 of the Credit Agreement and a “Loan Document” for all purposes
of the Restated Credit Agreement and the other Loan Documents.

SECTION 2.03. Governing Law. This Amendment shall be governed by and construed in
accordance with the laws of the State of New York. The provisions of Section 10.17 of the Credit
Agreement shall apply to this Amendment to the same extent as if fully set forth herein.

 

7

 

SECTION 2.04. Costs and Expenses. The Borrowers agree to reimburse each of the
Administrative Agent and J.P. Morgan Securities LLC for its reasonable out-of-pocket
expenses in connection with this Amendment and the transactions contemplated hereby, including
the reasonable fees, charges and disbursements of counsel for the Administrative Agent and J.P.
Morgan Securities LLC.

SECTION 2.05. Counterparts. This Amendment may be executed in any number of
counterparts and by different parties hereto in separate counterparts, each of which when so
executed and delivered shall be deemed an original, but all such counterparts together shall
constitute but one and the same instrument. Delivery of any executed counterpart of a signature
page of this Amendment by facsimile transmission or other electronic imaging means shall be
effective as delivery of a manually executed counterpart hereof.

SECTION 2.06. Headings. The headings of this Amendment are for purposes of reference
only and shall not limit or otherwise affect the meaning hereof.

 

8

 

IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly executed and
delivered by their officers as of the date first above written.

	 	 	 	 	 	 	 	 	 
	 	 	SUNGARD DATA SYSTEMS INC.,	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	BY
	 	*	 	 	 	 
	 	 	 	 	 	 	 
	 

	 	 	 	NAME:
	 	RICHARD J. OBETZ	 	 
	 

	 	 	 	TITLE:
	 	VICE PRESIDENT, FINANCE and TREASURER	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	SUNGARD HOLDCO LLC,	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	BY
	 	*	 	 	 	 
	 	 	 	 	 	 	 
	 

	 	 	 	NAME:
	 	RICHARD J. OBETZ	 	 
	 

	 	 	 	TITLE:
	 	VICE PRESIDENT	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	SUNGARD UK HOLDINGS LIMITED,	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	BY
	 	*	 	 	 	 
	 	 	 	 	 	 	 
	 

	 	 	 	NAME:
	 	RICHARD J. OBETZ	 	 
	 

	 	 	 	TITLE:
	 	DIRECTOR	 	 

	 	 	 
	*	 	The signature appearing immediately below shall serve as a signature at each place indicated with
an “*” on this page.

	 	 	 	 	 
	BY:

	 	/s/ Richard J. Obetz
 

RICHARD J. OBETZ
	 	 

 

 

 

Revolving Credit Lender signature page to

the Second Refinancing and Incremental Amendment

	 	 	 	 	 
	 	JPMORGAN CHASE BANK, N.A.,
individually and as 
Administrative Agent, Collateral
Agent, Swing Line 
Lender And L/C Issuer,

 	 
	 	BY:  	/s/ Ann B. Kerns
 	 
	 	 	NAME:  	ANN B. KERNS 	 
	 	 	TITLE:  	 VICE PRESIDENT 	 

 

 

 

Revolving Credit Lender signature page to

the Second Refinancing and Incremental Amendment

	 	 	 	 	 
	 	To approve the Amendment:

Name of Revolving Credit Lender,

BANK OF AMERICA, N.A.

 	 
	 	BY:  	/s/ Laura Warner
 	 
	 	 	NAME:  	LAURA WARNER 	 
	 	 	TITLE:  	DIRECTOR 	 

 

 

 

Revolving Credit Lender signature page to

the Second Refinancing and Incremental Amendment

	 	 	 	 	 
	 	To approve the Amendment:

Name of Revolving Credit Lender,

BARCLAYS BANK PLC

 	 
	 	BY:  	/s/ Jean Francois Astier
 	 
	 	 	NAME:  	JEAN FRANCOIS ASTIER 	 
	 	 	TITLE:  	MANAGING DIRECTOR 	 

 

 

 

Revolving Credit Lender signature page to

the Second Refinancing and Incremental Amendment

	 	 	 	 	 
	 	To approve the Amendment:

Name of Revolving Credit Lender,

CITICORP NORTH AMERICA, INC.

 	 
	 	BY:  	/s/ Christoper Wood
 	 
	 	 	NAME:  	CHRISTOPHER WOOD 	 
	 	 	TITLE:  	VICE PRESIDENT 	 

 

 

 

Revolving Credit Lender signature page to

the Second Refinancing and Incremental Amendment

	 	 	 	 	 
	 	To approve the Amendment:

Name of Revolving Credit Lender,

CREDIT SUISSE AG

CAYMAN ISLANDS BRANCH

 	 
	 	BY:  	/s/ Christoper Reo Day
 	 
	 	 	NAME:  	CHRISTOPHER REO DAY 	 
	 	 	TITLE:  	VICE PRESIDENT 	 
	 	 	 
	 	 	                                      /s/ Vipul Dhadda
 	 
	 	 	NAME:  	VIPUL DHADDA 	 
	 	 	TITLE:  	ASSOCIATE 	 

 

 

 

Revolving Credit Lender signature page to

the Second Refinancing and Incremental Amendment

	 	 	 	 	 
	 	To approve the Amendment:

Name of Revolving Credit Lender,

GOLDMAN SACHS CREDIT PARTNERS L.P.

 	 
	 	BY:  	/s/ Mark Walton
 	 
	 	 	NAME:  	MARK WALTON 	 
	 	 	TITLE:  	AUTHORIZED SIGNATORY 	 

 

 

 

Revolving Credit Lender signature page to

the Second Refinancing and Incremental Amendment

	 	 	 	 	 
	 	To approve the Amendment:

Name of Revolving Credit Lender,

JPMORGAN CHASE BANK, N.A.

 	 
	 	BY:  	/s/ Ann B. Kerns
 	 
	 	 	NAME:  	ANN B. KERNS 	 
	 	 	TITLE:  	VICE PRESIDENT 	 

 

 

 

Revolving Credit Lender signature page to

the Second Refinancing and Incremental Amendment

	 	 	 	 	 
	 	To approve the Amendment:

Name of Revolving Credit Lender,

MORGAN STANLEY BANK, N.A.

 	 
	 	BY:  	/s/ Sherrese Clarke
 	 
	 	 	NAME:  	SHERRESE CLARKE 	 
	 	 	TITLE:  	AUTHORIZED SIGNATORY 	 

 

 

 

Revolving Credit Lender signature page to

the Second Refinancing and Incremental Amendment

	 	 	 	 	 
	 	To approve the Amendment:

Name of Revolving Credit Lender,

MORGAN STANLEY SENIOR FUNDING, INC.

 	 
	 	BY:  	/s/ Sherrese Clarke
 	 
	 	 	NAME:  	SHERRESE CLARKE 	 
	 	 	TITLE:  	VICE PRESIDENT 	 

 

 

 

Revolving Credit Lender signature page to

the Second Refinancing and Incremental Amendment

	 	 	 	 	 
	 	To approve the Amendment:

Name of Revolving Credit Lender,

ROYAL BANK OF CANADA

 	 
	 	BY:  	/s/ Mark S. Gronich
 	 
	 	 	NAME:  	MARK S. GRONICH 	 
	 	 	TITLE:  	AUTHORIZED SIGNATORY 	 

 

 

 

EXHIBIT A

AMENDED AND RESTATED CREDIT AGREEMENT

Dated as of August 11, 2005

As Amended and Restated as of June 9, 2009

As Further Amended and Restated as of March 11, 2011

among

SUNGARD DATA SYSTEMS INC. and

THE OVERSEAS BORROWERS PARTY HERETO,

as Borrowers,

SUNGARD HOLDCO LLC,

THE LENDERS PARTY HERETO,

and

JPMORGAN CHASE BANK, N.A.,

as Administrative Agent, Swing Line Lender and L/C Issuer,

 

 

 

TABLE OF CONTENTS

	 	 	 	 	 
	 	 	Page	 
	 
	 	 	 	 
	ARTICLE I

	 
	 	 	 	 
	Definitions and Accounting Terms

	 
	 	 	 	 
	SECTION 1.01. Defined Terms
	 	 	1	 
	SECTION 1.02. Other Interpretive Provisions
	 	 	56	 
	SECTION 1.03. Accounting Terms
	 	 	57	 
	SECTION 1.04. Rounding
	 	 	57	 
	SECTION 1.05. References to Agreements, Laws, Etc
	 	 	57	 
	SECTION 1.06. Times of Day
	 	 	57	 
	SECTION 1.07. Timing of Payment of Performance
	 	 	57	 
	SECTION 1.08. Currency Equivalents Generally
	 	 	58	 
	SECTION 1.09. Change of Currency
	 	 	58	 
	 
	 	 	 	 
	ARTICLE II

	 
	 	 	 	 
	The Commitments and Credit Extensions

	 
	 	 	 	 
	SECTION 2.01. The Loans
	 	 	58	 
	SECTION 2.02. Borrowings, Conversions and Continuations of Loans
	 	 	60	 
	SECTION 2.03. Letters of Credit
	 	 	62	 
	SECTION 2.04. Swing Line Loans
	 	 	70	 
	SECTION 2.05. Prepayments
	 	 	72	 
	SECTION 2.06. Termination or Reduction of Commitments
	 	 	76	 
	SECTION 2.07. Repayment of Loans
	 	 	77	 
	SECTION 2.08. Interest
	 	 	78	 
	SECTION 2.09. Fees
	 	 	78	 
	SECTION 2.10. Computation of Interest and Fees
	 	 	79	 
	SECTION 2.11. Evidence of Indebtedness
	 	 	79	 
	SECTION 2.12. Payments Generally
	 	 	80	 
	SECTION 2.13. Sharing of Payments
	 	 	82	 
	SECTION 2.14. Designation of Overseas Revolver Borrower; Termination of Designations
	 	 	83	 
	SECTION 2.15. Incremental Credit Extensions
	 	 	83	 
	SECTION 2.16. Overseas Borrower Costs
	 	 	85	 
	SECTION 2.17. Currency Equivalents
	 	 	86	 
	SECTION 2.18. Refinancing Amendments
	 	 	86	 

 

 

 

	 	 	 	 	 
	 	 	Page	 
	 
	 	 	 	 
	ARTICLE III

	 
	 	 	 	 
	Taxes, Increased Costs Protection and Illegality

	 
	 	 	 	 
	SECTION 3.01. Taxes
	 	 	87	 
	SECTION 3.02. Illegality
	 	 	89	 
	SECTION 3.03. Inability to Determine Rates
	 	 	90	 
	SECTION 3.04. Increased Cost and Reduced Return; Capital Adequacy; Reserves on Eurocurrency Rate Loans
	 	 	90	 
	SECTION 3.05. Funding Losses
	 	 	92	 
	SECTION 3.06. Matters Applicable to All Requests for Compensation
	 	 	92	 
	SECTION 3.07. Replacement of Lenders under Certain Circumstances
	 	 	93	 
	SECTION 3.08. Survival
	 	 	94	 
	 
	 	 	 	 
	ARTICLE IV

	 
	 	 	 	 
	Conditions Precedent to Credit Extensions

	 
	 	 	 	 
	SECTION 4.01. Conditions of Initial Credit Extension
	 	 	95	 
	SECTION 4.02. Conditions to All Credit Extensions
	 	 	97	 
	SECTION 4.03. First Credit Extension to an Overseas Revolver Borrower
	 	 	97	 
	 
	 	 	 	 
	ARTICLE V

	 
	 	 	 	 
	Representations and Warranties

	 
	 	 	 	 
	SECTION 5.01. Existence, Qualification and Power; Compliance with Laws
	 	 	98	 
	SECTION 5.02. Authorization; No Contravention
	 	 	98	 
	SECTION 5.03. Governmental Authorization; Other Consents
	 	 	99	 
	SECTION 5.04. Binding Effect
	 	 	99	 
	SECTION 5.05. Financial Statements; No Material Adverse Effect
	 	 	99	 
	SECTION 5.06. Litigation
	 	 	100	 
	SECTION 5.07. No Default
	 	 	100	 
	SECTION 5.08. Ownership of Property; Liens
	 	 	100	 
	SECTION 5.09. Environmental Compliance
	 	 	101	 
	SECTION 5.10. Taxes
	 	 	102	 
	SECTION 5.11. ERISA Compliance
	 	 	102	 
	SECTION 5.12. Subsidiaries; Equity Interests
	 	 	102	 
	SECTION 5.13. Margin Regulations; Investment Company Act; Public Utility Holding Company Act
	 	 	102	 
	SECTION 5.14. Disclosure
	 	 	103	 
	SECTION 5.15. Intellectual Property; Licenses, Etc
	 	 	103	 
	SECTION 5.16. Solvency
	 	 	103	 
	SECTION 5.17. Representations and Warranties of Overseas Revolver Borrowers
	 	 	103	 
	SECTION 5.18. Subordination of Junior Financing
	 	 	104	 
	SECTION 5.19. Labor Matters
	 	 	104	 

 

ii

 

	 	 	 	 	 
	 	 	Page	 
	 
	 	 	 	 
	ARTICLE VI

	 
	 	 	 	 
	Affirmative Covenants

	 
	 	 	 	 
	SECTION 6.01. Financial Statements
	 	 	104	 
	SECTION 6.02. Certificates; Other Information
	 	 	105	 
	SECTION 6.03. Notices
	 	 	107	 
	SECTION 6.04. Payment of Obligations
	 	 	107	 
	SECTION 6.05. Preservation of Existence, Etc
	 	 	107	 
	SECTION 6.06. Maintenance of Properties
	 	 	108	 
	SECTION 6.07. Maintenance of Insurance
	 	 	108	 
	SECTION 6.08. Compliance with Laws
	 	 	108	 
	SECTION 6.09. Books and Records
	 	 	108	 
	SECTION 6.10. Inspection Rights
	 	 	108	 
	SECTION 6.11. Covenant to Guarantee Obligations and Give Security
	 	 	109	 
	SECTION 6.12. Compliance with Environmental Laws
	 	 	111	 
	SECTION 6.13. Further Assurances and Post-Closing Conditions
	 	 	112	 
	SECTION 6.14. Ownership of Overseas Borrowers
	 	 	113	 
	SECTION 6.15. Designation of Subsidiaries
	 	 	113	 
	 
	 	 	 	 
	ARTICLE VII

	 
	 	 	 	 
	Negative Covenants

	 
	 	 	 	 
	SECTION 7.01. Liens
	 	 	113	 
	SECTION 7.02. Investments
	 	 	117	 
	SECTION 7.03. Indebtedness
	 	 	120	 
	SECTION 7.04. Fundamental Changes
	 	 	123	 
	SECTION 7.05. Dispositions
	 	 	125	 
	SECTION 7.06. Restricted Payments
	 	 	127	 
	SECTION 7.07. Change in Nature of Business
	 	 	129	 
	SECTION 7.08. Transactions with Affiliates
	 	 	129	 
	SECTION 7.09. Burdensome Agreements
	 	 	130	 
	SECTION 7.10. Use of Proceeds
	 	 	130	 
	SECTION 7.11. Financial Covenants
	 	 	131	 
	SECTION 7.12. Accounting Changes
	 	 	131	 
	SECTION 7.13. Prepayments, Etc. of Indebtedness
	 	 	132	 
	SECTION 7.14. Equity Interests of the Company and Restricted Subsidiaries
	 	 	132	 
	SECTION 7.15. Holding Company
	 	 	132	 
	SECTION 7.16. Capital Expenditures
	 	 	133	 

 

iii

 

	 	 	 	 	 
	 	 	Page	 
	 
	 	 	 	 
	ARTICLE VIII

	 
	 	 	 	 
	Events Of Default and Remedies

	 
	 	 	 	 
	SECTION 8.01. Events of Default
	 	 	133	 
	SECTION 8.02. Remedies Upon Event of Default
	 	 	136	 
	SECTION 8.03. Exclusion of Immaterial Subsidiaries
	 	 	136	 
	SECTION 8.04. Application of Funds
	 	 	137	 
	SECTION 8.05. Company’s Right to Cure
	 	 	138	 
	SECTION 8.06. CAM Exchange
	 	 	138	 
	 
	 	 	 	 
	ARTICLE IX

	 
	 	 	 	 
	Administrative Agent and Other Agents

	 
	 	 	 	 
	SECTION 9.01. Appointment and Authorization of Agents
	 	 	139	 
	SECTION 9.02. Delegation of Duties
	 	 	140	 
	SECTION 9.03. Liability of Agents
	 	 	141	 
	SECTION 9.04. Reliance by Agents
	 	 	141	 
	SECTION 9.05. Notice of Default
	 	 	141	 
	SECTION 9.06. Credit Decision; Disclosure of Information by Agents
	 	 	142	 
	SECTION 9.07. Indemnification of Agents
	 	 	142	 
	SECTION 9.08. Agents in their Individual Capacities
	 	 	143	 
	SECTION 9.09. Successor Agents
	 	 	143	 
	SECTION 9.10. Administrative Agent May File Proofs of Claim
	 	 	144	 
	SECTION 9.11. Collateral and Guaranty Matters
	 	 	145	 
	SECTION 9.12. Other Agents; Arrangers and Managers
	 	 	145	 
	SECTION 9.13. Appointment of Supplemental Administrative Agents
	 	 	146	 
	 
	 	 	 	 
	ARTICLE X

	 
	 	 	 	 
	Miscellaneous

	 
	 	 	 	 
	SECTION 10.01. Amendments, Etc
	 	 	147	 
	SECTION 10.02. Notices and Other Communications; Facsimile Copies
	 	 	149	 
	SECTION 10.03. No Waiver; Cumulative Remedies
	 	 	150	 
	SECTION 10.04. Attorney Costs, Expenses and Taxes
	 	 	151	 
	SECTION 10.05. Indemnification by the Company
	 	 	151	 
	SECTION 10.06. Payments Set Aside
	 	 	152	 
	SECTION 10.07. Successors and Assigns
	 	 	152	 
	SECTION 10.08. Confidentiality
	 	 	156	 
	SECTION 10.09. Setoff
	 	 	157	 
	SECTION 10.10. Interest Rate Limitation
	 	 	158	 
	SECTION 10.11. Counterparts
	 	 	158	 
	SECTION 10.12. Integration
	 	 	158	 
	SECTION 10.13. Survival of Representations and Warranties
	 	 	158	 
	SECTION 10.14. Severability
	 	 	159	 
	SECTION 10.15. Tax Forms
	 	 	159	 
	SECTION 10.16. Governing Law
	 	 	161	 
	SECTION 10.17. Waiver of Right to Trial by Jury
	 	 	161	 
	SECTION 10.18. Binding Effect
	 	 	161	 
	SECTION 10.19. Judgment Currency
	 	 	162	 
	SECTION 10.20. Lender Action
	 	 	162	 
	SECTION 10.21. USA PATRIOT Act
	 	 	162	 
	SECTION 10.22. Agent for Service of Process
	 	 	162	 

 

iv

 

SCHEDULES

	 	 	 	 	 	 	 
	 

	 	 	I	 	 	Guarantors
	 

	 	 	1.01A	 	 	Material Leased Property
	 

	 	 	1.01B	 	 	Certain Security Interests and Guarantees
	 

	 	 	1.01C	 	 	Unrestricted Subsidiaries
	 

	 	 	1.01D	 	 	Mandatory Cost Formulae
	 

	 	 	1.01E	 	 	Existing Letters of Credit
	 

	 	 	1.01F	 	 	Mortgaged Properties
	 

	 	 	1.01G	 	 	Excluded Subsidiary
	 

	 	 	1.01H	 	 	Foreign Subsidiary
	 

	 	 	2.01	 	 	Commitments
	 

	 	 	5.05	 	 	Certain Liabilities
	 

	 	 	5.09	 	 	Environmental Matters
	 

	 	 	5.10	 	 	Taxes
	 

	 	 	5.11	 	 	ERISA Compliance
	 

	 	 	5.12	 	 	Subsidiaries and Other Equity Investments
	 

	 	 	7.01(b)	 	 	Existing Liens
	 

	 	 	7.02(f)	 	 	Existing Investments
	 

	 	 	7.03(b)	 	 	Existing Indebtedness
	 

	 	 	7.05(l)	 	 	Dispositions
	 

	 	 	7.08	 	 	Transactions with Affiliates
	 

	 	 	7.09	 	 	Existing Restrictions
	 

	 	 	10.02	 	 	Administrative Agent’s Office, Certain Addresses for Notices

EXHIBITS

	 	 	 	 	 
	Form of	 	 
	 

	 	A
	 	Committed Loan Notice
	 

	 	B
	 	Swing Line Loan Notice
	 

	 	C-1
	 	U.S. Term Note
	 

	 	C-2
	 	U.K. Term Note
	 

	 	C-3
	 	Euro Term Note
	 

	 	C-4
	 	Revolving Credit Note
	 

	 	D
	 	Compliance Certificate
	 

	 	E
	 	Assignment and Assumption
	 

	 	F-1
	 	Holdings Guaranty
	 

	 	F-2
	 	U.S. Subsidiary Guaranty
	 

	 	F-3
	 	Overseas Subsidiary Guaranty
	 

	 	F-4
	 	Company Guaranty
	 

	 	G
	 	Security Agreement
	 

	 	H
	 	Mortgage
	 

	 	I
	 	Collateral Assignment
	 

	 	J
	 	Election to Participate
	 

	 	K
	 	Election to Terminate
	 

	 	L
	 	Opinion Matters — Counsel to Loan Parties
	 

	 	M
	 	Intellectual Property Security Agreement
	 

	 	N
	 	First Lien Intercreditor Agreement
	 

	 	O
	 	Second Lien Intercreditor Agreement

 

v

 

AMENDED AND RESTATED CREDIT AGREEMENT

This AMENDED AND RESTATED CREDIT AGREEMENT (“Agreement”) is entered
into as of August 11, 2005, as amended and restated as of June 9, 2009, as
further amended and restated as of March 11, 2011, by the Second Refinancing
Amendment dated as of March 11, 2011, among SUNGARD DATA SYSTEMS INC., a
Delaware corporation (“SunGard” or the “Company”), the
Overseas Borrowers from time to time party hereto, SUNGARD HOLDCO LLC, a
Delaware limited liability company (“Holdings”) and JPMORGAN CHASE
BANK, N.A., as Administrative Agent, Swing Line Lender and an L/C Issuer,
and each lender from time to time party hereto (collectively, the “Lenders”
and individually, a “Lender”).

PRELIMINARY STATEMENTS

The Company, certain Overseas Borrowers, the Lenders and the Administrative Agent are party to
the Original Agreement (such term and other capitalized terms used in these preliminary statements
being defined in Section 1.01 hereof). Pursuant to the Second Refinancing Amendment, and upon
satisfaction of the conditions set forth therein, the Original Agreement is being amended and
restated in the form of this Agreement.

The applicable Lenders have indicated their willingness to lend, and the L/C Issuers have
indicated their willingness to issue Letters of Credit, in each case, on the terms and subject to
the conditions set forth herein.

In consideration of the mutual covenants and agreements herein contained, the parties hereto
covenant and agree as follows:

ARTICLE I.

Definitions and Accounting Terms

SECTION 1.01. Defined Terms. As used in this Agreement, the following terms shall
have the meanings set forth below:

“2013 Dollar Revolving Credit Commitment” means, as to each 2013 Dollar Revolving Credit
Lender, its obligation to (a) make Dollar Revolving Credit Loans to the Borrowers pursuant to
Section 2.01(d), (b) purchase participations in L/C Obligations in respect of Dollar Letters of
Credit and (c) purchase participations in Swing Line Loans, in an aggregate principal amount at any
one time outstanding not to exceed the amount set forth, and opposite such Lender’s name on
Schedule 2.01 (as amended as of the Second Refinancing Amendment Effective Date) under the caption
“2013 Dollar Revolving Credit Commitment” or in the Assignment and Assumption pursuant to which
such Lender becomes a party hereto, as applicable, as such amount may be adjusted from time to time
in accordance with this Agreement.

 

 

 

“2013 Dollar Revolving Credit Lender” means, at any time, any Lender that has a 2013 Dollar
Revolving Credit Commitment at such time.

“2013 Multicurrency Revolving Credit Commitment” means, as to each 2013 Multicurrency
Revolving Credit Lender, its obligation to (a) make Revolving Credit Loans to the Borrowers
pursuant to Section 2.01(d), (b) purchase participations in L/C Obligations and (c) purchase
participations in Swing Line Loans, in an aggregate principal amount at any one time outstanding
not to exceed the amount set forth, opposite such Lender’s name on Schedule 2.01 (as amended as of
the Second Refinancing Amendment Effective Date) under the caption “2013 Multicurrency Revolving
Credit Commitment” or in the Assignment and Assumption pursuant to which such Lender becomes a
party hereto, as applicable, as such amount may be adjusted from time to time in accordance with
this Agreement.

“2013 Multicurrency Revolving Credit Lender” means, at any time, any Lender that has a 2013
Multicurrency Revolving Credit Commitment at such time.

“2013 Revolving Credit Commitments” means, collectively, the 2013 Dollar Revolving Credit
Commitments and the 2013 Multicurrency Revolving Credit Commitments.

“2013 Revolving Credit Lender” means any 2013 Dollar Revolving Credit Lender or 2013
Multicurrency Revolving Credit Lender.

“2013 Revolving Credit Loan” means a Revolving Credit Loan made by a 2013 Revolving Credit
Lender pursuant to its 2013 Revolving Credit Commitment.

“Acquired EBITDA” means, with respect to any Acquired Entity or Business for any period, the
amount for such period of Consolidated EBITDA of such Acquired Entity or Business (determined as if
references to the Company and the Restricted Subsidiaries in the definition of Consolidated EBITDA
were references to such Acquired Entity or Business and its Subsidiaries), all as determined on a
consolidated basis for such Acquired Entity or Business.

“Acquired Entity or Business” has the meaning set forth in the definition of the term
“Consolidated EBITDA”.

“Act” has the meaning set forth in Section 10.21.

“Additional Lender” means, at any time, any bank or other financial institution (other than
any such bank or financial institution that is a Lender at such time) that agrees to provide any
portion of an Incremental Term Loan or Revolving Commitment Increase pursuant to an Incremental
Amendment in accordance with Section 2.15 or Credit Agreement Refinancing Indebtedness pursuant to
a Refinancing Amendment in accordance with Section 2.18, provided that each Additional Lender shall
be subject to the approval of the Administrative Agent (such approval not to be unreasonably
withheld) and the Company.

 

2

 

“Administrative Agent” means JPMorgan Chase Bank, in its capacity as administrative agent
under any of the Loan Documents, or any successor administrative agent.

“Administrative Agent’s Office” means, with respect to any currency, the Administrative
Agent’s address and, as appropriate, account as set forth on Schedule 10.02 with respect to such
currency, or such other address or account with respect to such currency as the Administrative
Agent may from time to time notify the Company and the Lenders.

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

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

“Agent-Related Persons” means the Agents, together with their respective Affiliates, and the
officers, directors, employees, agents and attorneys-in-fact of such Persons and Affiliates.

“Agents” means, collectively, the Administrative Agent, the Co-Syndication Agents, the
Co-Documentation Agents and the Supplemental Administrative Agents (if any).

“Aggregate Commitments” means the Commitments of all the Lenders.

“Aggregate Credit Exposures” means, at any time, the sum of (a) the unused portion of each
Revolving Credit Commitment then in effect, (b) the unused portion of each U.S. Term Commitment
then in effect, (c) the unused portion of each U.K. Term Commitment then in effect and (d) the
Total Outstandings at such time.

“Agreement” means this Credit Agreement.

“Agreement Currency” has the meaning specified in Section 10.19.

“Alternative Currency” means Sterling or Euros.

“Alternative Currency Letter of Credit” means a Letter of Credit denominated in an Alternative
Currency.

“Alternative Currency Loan” means a Loan that is a Eurocurrency Rate Loan and that is made in
an Alternative Currency pursuant to the applicable Committed Loan Notice.

“Alternative Currency Revolving Credit Borrowing” means a borrowing consisting of simultaneous
Alternative Currency Revolving Credit Loans of the same Type and having the same Interest Period
made by each of the 2013 Multicurrency Revolving Credit Lenders pursuant to Section 2.01(d).

 

3

 

“Alternative Currency Revolving Credit Exposure” means, as to each 2013 Multicurrency
Revolving Credit Lender, the sum of the outstanding principal amount of such 2013 Multicurrency
Revolving Credit Lender’s Alternative Currency Revolving Credit Loans and its Pro Rata Share of the
L/C Obligations at such time.

“Alternative Currency Revolving Credit Facility” means, at any time, the aggregate Dollar
Amount of the 2013 Multicurrency Revolving Credit Commitments at such time. The Alternative
Currency Revolving Credit Facility is part of, and not in addition to, the Revolving Credit
Facility.

“Alternative Currency Revolving Credit Loan” has the meaning specified in Section 2.01(d).

“Alternative Currency Sublimit” means an amount equal to the lesser of (a) $500,000,000 and
(b) the aggregate Dollar Amount of the 2013 Multicurrency Revolving Credit Commitments. The
Alternative Currency Sublimit is part of, and not in addition to, the Revolving Credit Facility.

“Amendment and Restatement Agreement” means the Amendment and Restatement Agreement dated as
of June 9, 2009, among the Company, Holdings, SunGard UK Holdings Limited, the Lenders party
thereto and the Administrative Agent.

“Applicable Rate” means a percentage per annum equal to:

(i) with respect to the Tranche A Term Loans, the following percentages per annum,
based upon the Total Leverage Ratio as set forth in the most recent Compliance Certificate
received by the Administrative Agent pursuant to Section 6.02(b):

	 	 	 	 	 	 	 	 	 	 	 
	Applicable Rate	 
	Pricing	 	Total Leverage	 	Eurocurrency	 	 	 	 
	Level	 	Ratio	 	Rate	 	 	Base Rate	 
	1
	 	<5.25:1	 	 	1.75	%	 	 	0.75	%
	2
	 	≥5.25:1	 	 	2.00	%	 	 	1.00	%

and

(ii) with respect to the Tranche B Term Loans: (A) for Eurocurrency Rate Loans, 3.625%,
and (B) for Base Rate Loans, 2.625%.

 

4

 

(b) with respect to 2013 Revolving Credit Loans, unused 2013 Revolving Credit
Commitments and Letter of Credit fees relating to the 2013 Revolving Credit Commitments, the
following percentages per annum, based upon the Total Leverage Ratio as set forth in the
most recent Compliance Certificate received by the Administrative Agent pursuant to Section
6.02(b):

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Applicable Rate	 
	 	 	 	 	Eurocurrency	 	 	 	 	 	 	 	 
	 	 	 	 	Rate and	 	 	 	 	 	 	Commitment	 
	Pricing	 	 	 	Letter of	 	 	 	 	 	 	Fee	 
	Level	 	Total Leverage Ratio	 	Credit Fees	 	 	Base Rate	 	 	Rate	 
	1
	 	<4.5:1	 	 	2.75	%	 	 	1.75	%	 	 	0.500	%
	2
	 	≥4.5:1 but <5.0:1	 	 	3.00	%	 	 	2.00	%	 	 	0.625	%
	3
	 	≥5.0:1 but <5.5:1	 	 	3.25	%	 	 	2.25	%	 	 	0.750	%
	4
	 	≥5.5:1 but <6.0:1	 	 	3.50	%	 	 	2.50	%	 	 	0.875	%
	5
	 	≥6.0:1	 	 	3.75	%	 	 	2.75	%	 	 	1.00	%

Notwithstanding clause (a) of this definition, the Applicable Rate for each Incremental Term
Loan shall be, as of any date of determination, (i) for Eurocurrency Rate Loans, 3.50% per annum,
and (ii) for Base Rate Loans, 2.50% per annum.

Any increase or decrease in the Applicable Rate resulting from a change in the Total Leverage Ratio
shall become effective as of the first Business Day immediately following the date a Compliance
Certificate is delivered pursuant to Section 6.02(b); provided that at the option of the
Administrative Agent or the Required Lenders, the highest Pricing Level shall apply (x) as of the
first Business Day after the date on which a Compliance Certificate was required to have been
delivered but was not delivered, and shall continue to so apply to and including the date on which
such Compliance Certificate is so delivered (and thereafter the Pricing Level otherwise determined
in accordance with this definition shall apply) and (y) as of the first Business Day after an Event
of Default under Section 8.01(a) shall have occurred and be continuing, and shall continue to so
apply to but excluding the date on which such Event of Default is cured or waived (and thereafter
the Pricing Level otherwise determined in accordance with this definition shall apply).

“Appropriate Lender” means, at any time, (a) with respect to Loans of any Class, the Lenders
of such Class, (b) with respect to Letters of Credit, (i) the relevant L/C Issuers and (ii) with
respect to any Letters of Credit issued pursuant to Section 2.03(a), the Revolving Credit Lenders
and (c) with respect to the Swing Line Facility, (i) the Swing Line Lender and (ii) if any Swing
Line Loans are outstanding pursuant to Section 2.04(a), the Revolving Credit Lenders.

“Approved Bank” has the meaning specified in clause (c) of the definition of “Cash
Equivalents”.

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

 

5

 

“Arrangers” means J.P. Morgan Securities Inc., Citigroup Global Markets Inc. and Deutsche Bank
Securities Inc., each in its capacity as a Joint Bookrunner and, in the case of J.P. Morgan
Securities Inc. and Citigroup Global Markets Inc., a Co-Lead Arranger under this Agreement.

“Assignees” has the meaning specified in Section 10.07(b).

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

“Attorney Costs” means and includes all reasonable fees, expenses and disbursements of any law
firm or other external legal counsel.

“Attributable Indebtedness” means, on any date, in respect of any Capitalized Lease of any
Person, the capitalized amount thereof that would appear on a balance sheet of such Person prepared
as of such date in accordance with GAAP.

“Audited Financial Statements” means the audited consolidated balance sheets of SunGard and
its Subsidiaries as of each of December 31, 2004, 2003 and 2002, and the related audited
consolidated statements of income, stockholders’ equity and cash flows for SunGard and its
Subsidiaries for the fiscal years ended December 31, 2004, 2003 and 2002, respectively.

“Auto-Renewal Letter of Credit” has the meaning specified in Section 2.03(b)(iii).

“Base Rate” means for any day a fluctuating rate per annum equal to the higher of (a) the
Federal Funds Rate plus 1/2 of 1% and (b) the rate of interest in effect for such day as publicly
announced from time to time by JPMorgan Chase Bank as its “prime rate.” The “prime rate” is a rate
set by JPMorgan Chase Bank based upon various factors including JPMorgan Chase Bank costs and
desired return, general economic conditions and other factors, and is used as a reference point for
pricing some loans, which may be priced at, above, or below such announced rate. Any change in
such rate announced by JPMorgan Chase Bank shall take effect at the opening of business on the day
specified in the public announcement of such change.

“Base Rate Loan” means a Loan that bears interest based on the Base Rate.

“Borrower Parties” means the collective reference to the Company and the Restricted
Subsidiaries, and “Borrower Party” means any one of them.

“Borrowers” means the Company and the Overseas Borrowers.

“Borrowing” means a Revolving Credit Borrowing, a Swing Line Borrowing, or a Term Borrowing,
as the context may require.

“Broker-Dealer Facility” means the overnight credit facilities of the Broker-Dealer
Subsidiaries.

 

6

 

“Broker-Dealer Liens” means Liens on the Equity Interests owned by any Broker-Dealer
Subsidiary or any person that is not an Affiliate of the Company.

“Broker-Dealer Subsidiaries” means the Subsidiaries that are principally engaged in the
business of providing broker-dealer services.

“Business Day” means any day other than a Saturday, Sunday or other day on which commercial
banks are authorized to close under the Laws of, or are in fact closed in, the state where the
Administrative Agent’s Office with respect to Obligations denominated in Dollars is located and:

if such day relates to any interest rate settings as to a Eurocurrency Rate Loan
denominated in Dollars, any fundings, disbursements, settlements and payments in Dollars in
respect of any such Eurocurrency Rate Loan, or any other dealings in Dollars to be carried
out pursuant to this Agreement in respect of any such Eurocurrency Rate Loan, means any such
day on which dealings in deposits in Dollars are conducted by and between banks in the
London interbank eurodollar market;

if such day relates to any interest rate settings as to a Eurocurrency Rate Loan
denominated in Euros, any fundings, disbursements, settlements and payments in Euros in
respect of any such Eurocurrency Rate Loan, or any other dealings in Euros to be carried out
pursuant to this Agreement in respect of any such Eurocurrency Rate Loan, means a TARGET
Day; and

if such day relates to any interest rate settings as to a Eurocurrency Rate Loan
denominated in Sterling, any fundings, disbursements, settlements and payments in Sterling
in respect of any such Eurocurrency Rate Loan, or any other dealings in Sterling to be
carried out pursuant to this Agreement in respect of any such Eurocurrency Rate Loan, means
any such day on which dealings in deposits in Sterling are conducted by and between banks in
the London interbank eurodollar market.

“CAM” means the mechanism for the allocation and exchange of interests in Loans and other
Credit Extensions under this Agreement and collections thereunder established in Section 8.06.

“CAM Exchange” means the exchange of the Lenders’ interests provided for in Section 8.06.

“CAM Exchange Date” means the date on which any Event of Default referred to in Section
8.01(f) shall occur or the date on which the Company receives written notice from the
Administrative Agent that any Event of Default referred to in Section 8.01(g) has occurred.

“CAM Percentage” means, as to each Lender, a fraction, expressed as a decimal, of which (a)
the numerator shall be the aggregate Dollar Amount of the Designated Obligations owed to such
Lender (whether or not at the time due and payable) immediately prior to the CAM Exchange Date and
(b) the denominator shall be the aggregate amount of the Designated Obligations owed to all the
Lenders (whether or not at the time due and payable) immediately prior to the CAM Exchange Date.

 

7

 

“Capital Expenditures” means, for any period, the aggregate of (a) all expenditures (whether
paid in cash or accrued as liabilities) by the Company and the Restricted Subsidiaries during such
period that, in conformity with GAAP, are or are required to be included as additions during such
period to property, plant or equipment reflected in the consolidated balance sheet of the Company
and the Restricted Subsidiaries, (b) all Capitalized Software Expenditures for such period and (c)
the value of all assets under Capitalized Leases incurred by the Company and the Restricted
Subsidiaries during such period; provided that the term “Capital Expenditures” shall not include
(i) expenditures made in connection with the replacement, substitution, restoration or repair of
assets to the extent financed with (x) insurance proceeds paid on account of the loss of or damage
to the assets being replaced, restored or repaired or (y) awards of compensation arising from the
taking by eminent domain or condemnation of the assets being replaced, (ii) the purchase price of
equipment that is purchased simultaneously with the trade-in of existing equipment to the extent
that the gross amount of such purchase price is reduced by the credit granted by the seller of such
equipment for the equipment being traded in at such time, (iii) the purchase of plant, property or
equipment or software to the extent financed with the proceeds of Dispositions that are not
required to be applied to prepay Term Loans pursuant to Section 2.05(b), (iv) expenditures that
constitute any part of Consolidated Lease Expense, (v) expenditures that are accounted for as
capital expenditures by the Company or any Restricted Subsidiary and that actually are paid for by
a Person other than the Company or any Restricted Subsidiary and for which neither the Company nor
any Restricted Subsidiary has provided or is required to provide or incur, directly or indirectly,
any consideration or obligation to such Person or any other Person (whether before, during or after
such period), (vi) the book value of any asset owned by the Company or any Restricted Subsidiary
prior to or during such period to the extent that such book value is included as a capital
expenditure during such period as a result of such Person reusing or beginning to reuse such asset
during such period without a corresponding expenditure actually having been made in such period,
provided that (x) any expenditure necessary in order to permit such asset to be reused shall be
included as a Capital Expenditure during the period in which such expenditure actually is made and
(y) such book value shall have been included in Capital Expenditures when such asset was originally
acquired, or (vii) expenditures that constitute Permitted Acquisitions.

“Capitalized Leases” means all leases that have been or should be, in accordance with GAAP,
recorded as capitalized leases; provided that for all purposes hereunder the amount of obligations
under any Capitalized Lease shall be the amount thereof accounted for as a liability in accordance
with GAAP.

“Capitalized Software Expenditures” means, for any period, the aggregate of all expenditures
(whether paid in cash or accrued as liabilities) by the Company and the Restricted Subsidiaries
during such period in respect of purchased software or internally developed software and software
enhancements that, in conformity with GAAP, are or are required to be reflected as capitalized
costs on the consolidated balance sheet of the Company and the Restricted Subsidiaries.

“Cash Collateral” has the meaning specified in Section 2.03(g).

“Cash Collateral Account” means a blocked account at JPMorgan Chase Bank (or another
commercial bank selected in compliance with Section 9.09) in the name of the
Administrative Agent and under the sole dominion and control of the Administrative Agent, and
otherwise established in a manner satisfactory to the Administrative Agent.

 

8

 

“Cash Collateralize” has the meaning specified in Section 2.03(g).

“Cash Equivalents” means any of the following types of Investments, to the extent owned by the
Company or any Restricted Subsidiary:

Dollars, Euros or, in the case of any Foreign Subsidiary, such local currencies held by
it from time to time in the ordinary course of business;

readily marketable obligations issued or directly and fully guaranteed or insured by
the government or any agency or instrumentality of (i) the United States or (ii) any member
nation of the European Union, having average maturities of not more than 12 months from the
date of acquisition thereof; provided that the full faith and credit of the United States or
a member nation of the European Union is pledged in support thereof;

time deposits with, or insured certificates of deposit or bankers’ acceptances of, any
commercial bank that (i) is a Lender or (ii) (A) is organized under the Laws of the United
States, any state thereof, the District of Columbia or any member nation of the Organization
for Economic Cooperation and Development or is the principal banking Subsidiary of a bank
holding company organized under the Laws of the United States, any state thereof, the
District of Columbia or any member nation of the Organization for Economic Cooperation and
Development, and is a member of the Federal Reserve System, and (B) has combined capital and
surplus of at least $250,000,000 (any such bank in the foregoing clauses (i) or (ii) being
an “Approved Bank”), in each case with average maturities of not more than 12 months from
the date of acquisition thereof;

commercial paper and variable or fixed rate notes issued by an Approved Bank (or by the
parent company thereof) or any variable or fixed rate note issued by, or guaranteed by, a
corporation rated A-2 (or the equivalent thereof) or better by S&P or P-2 (or the equivalent
thereof) or better by Moody’s, in each case with average maturities of not more than 12
months from the date of acquisition thereof;

repurchase agreements entered into by any Person with a bank or trust company
(including any of the Lenders) or recognized securities dealer, in each case, having capital
and surplus in excess of $250,000,000 for direct obligations issued by or fully guaranteed
or insured by the government or any agency or instrumentality of (i) the United States or
(ii) any member nation of the European Union, in which such Person shall have a perfected
first priority security interest (subject to no other Liens) and having, on the date of
purchase thereof, a fair market value of at least 100% of the amount of the repurchase
obligations;

securities with average maturities of 12 months or less from the date of acquisition
issued or fully guaranteed by any state, commonwealth or territory of the United States, by
any political subdivision or taxing authority of any such state, commonwealth or territory
or by any foreign government having an investment grade rating from either S&P or Moody’s
(or the equivalent thereof);

 

9

 

Investments with average maturities of 12 months or less from the date of acquisition
in money market funds rated AAA- (or the equivalent thereof) or better by S&P or Aaa3 (or
the equivalent thereof) or better by Moody’s;

instruments equivalent to those referred to in clauses (a) through (g) above
denominated in Euros or any other foreign currency comparable in credit quality and tenor to
those referred to above and customarily used by corporations for cash management purposes in
any jurisdiction outside the United States to the extent reasonably required in connection
with any business conducted by any Restricted Subsidiary organized in such jurisdiction; and

Investments, classified in accordance with GAAP as current assets of the Company or any
Restricted Subsidiary, in money market investment programs which are registered under the
Investment Company Act of 1940 or which are administered by financial institutions having
capital of at least $250,000,000, and, in either case, the portfolios of which are limited
such that substantially all of such investments are of the character, quality and maturity
described in clauses (a) through (h) of this definition.

“Cash Management Obligations” means obligations owed by Holdings, the Company or any
Restricted Subsidiary to any Lender or any Affiliate of a Lender in respect of any overdraft and
related liabilities arising from treasury, depository and cash management services or any automated
clearing house transfers of funds.

“Casualty Event” means any event that gives rise to the receipt by Holdings, the Company or
any Restricted Subsidiary of any insurance proceeds or condemnation awards in respect of any
equipment, fixed assets or real property (including any improvements thereon) to replace or repair
such equipment, fixed assets or real property.

“CERCLA” means the Comprehensive Environmental Response, Compensation and Liability Act of
1980, as subsequently amended.

“CERCLIS” means the Comprehensive Environmental Response, Compensation and Liability
Information System maintained by the U.S. Environmental Protection Agency.

“Change of Control” means the earliest to occur of (a) the Permitted Holders ceasing to have
the power, directly or indirectly, to vote or direct the voting of securities having a majority of
the ordinary voting power for the election of directors of Holdings; provided that the occurrence
of the foregoing event shall not be deemed a Change of Control if,

any time prior to the consummation of a Qualifying IPO, and for any reason whatsoever,
(A) the Permitted Holders otherwise have the right, directly or indirectly, to designate
(and do so designate) a majority of the board of directors of Holdings or (B) the Permitted
Holders own, directly or indirectly, of record and beneficially an amount of common stock of
Holdings equal to an amount more than fifty percent (50%) of the amount of common stock of
Holdings owned, directly or indirectly, by the Permitted Holders of record and beneficially
as of the Closing Date and such ownership by the Permitted Holders represents the largest
single block of voting securities of Holdings held by any Person or related group for
purposes of Section 13(d) of the Exchange Act, or

 

10

 

(b) at any time after the consummation of a Qualifying IPO, and for any reason
whatsoever, (A) no “person” or “group” (as such terms are used in Sections 13(d) and 14(d)
of the Exchange Act, but excluding any employee benefit plan of such person and its
Subsidiaries, and any person or entity acting in its capacity as trustee, agent or other
fiduciary or administrator of any such plan), excluding the Permitted Holders, shall become
the “beneficial owner” (as defined in Rules 13(d)-3 and 13(d)-5 under such Act), directly or
indirectly, of more than the greater of (x) thirty-five percent (35%) of the shares
outstanding of Holdings and (y) the percentage of the then outstanding voting stock of
Holdings owned, directly or indirectly, beneficially by the Permitted Holders, and (B)
during each period of twelve (12) consecutive months, the board of directors of Holdings
shall consist of a majority of the Continuing Directors; or

any “Change of Control” (or any comparable term) in any document pertaining to the
Existing Notes, the New Notes or any Junior Financing with an aggregate outstanding
principal amount in excess of the Threshold Amount; or

at any time prior to a Qualifying IPO of the Company, the Company ceasing to be a
directly or indirectly wholly owned Subsidiary of Holdings.

“Class” (a) when used with respect to Lenders, refers to whether such Lenders are 2013 Dollar
Revolving Credit Lenders, 2013 Multicurrency Revolving Credit Lenders, Tranche A U.S. Term Lenders,
Tranche A U.K. Term Lenders, Tranche A Euro Term Lenders, Tranche B U.S. Term Lenders, Tranche B
U.K. Term Lenders, Tranche B Euro Term Lenders or Incremental Term Lenders, (b) when used with
respect to Commitments, refers to whether such Commitments are 2013 Dollar Revolving Credit
Commitments, 2013 Multicurrency Revolving Credit Commitments, Tranche B U.S. Term Commitments,
Tranche B U.K. Term Commitments, Tranche B Euro Term Commitments, Incremental Term Commitments,
Other Revolving Credit Commitments or Other Term Commitments and (c) when used with respect to
Loans or a Borrowing, refers to whether such Loans, or the Loans comprising such Borrowing, are
Dollar Revolving Credit Loans, Alternative Currency Revolving Credit Loans, Tranche A U.S. Term
Loans, Tranche A U.K. Term Loans, Tranche A Euro Term Loans, Tranche B U.S. Term Loans, Tranche B
U.K. Term Loans, Tranche B Euro Term Loans, Incremental Term Loans, Other Revolving Credit Loans or
Other Term Loans.

“Closing Date” means August 11, 2005, which was the date on which all the conditions precedent
in Section 4.01 were satisfied or waived in accordance with Section 4.01 in connection with the
effectiveness of the Original Agreement.

“Code” means the U.S. Internal Revenue Code of 1986 and rules and regulations related thereto.

“Co-Documentation Agent” means Barclays Bank PLC and The Royal Bank of Canada, as
Co-Documentation Agents under this Agreement.

“Co-Syndication Agents” means Citigroup Global Markets Inc. and Deutsche Bank Securities Inc.,
as Co-Syndication Agents under this Agreement.

 

11

 

“Collateral” means all the “Collateral” as defined in any Collateral Document and shall
include the Mortgaged Properties.

“Collateral Agent” means JPMorgan Chase Bank, in its capacity as collateral agent under any of
the Loan Documents, or any successor administrative agent.

“Collateral and Guarantee Requirement” means, at any time, the requirement that:

the Administrative Agent shall have received each Collateral Document required to be delivered
on the Closing Date pursuant to Section 4.01(a)(iii) or pursuant to Section 6.11 at such time, duly
executed by each Loan Party thereto;

(b) all Obligations shall have been unconditionally guaranteed (the “U.S. Guarantees”) by
Holdings, the Company (in the case of Obligations of the Overseas Borrowers) and each Restricted
Subsidiary that is a Domestic Subsidiary and not an Excluded Subsidiary (each, a “U.S. Guarantor”);

(c) all Obligations, if any, of the Overseas Revolver Borrowers (the “Overseas Revolving
Obligations”) shall have been unconditionally guaranteed (the “Overseas Guarantees” and, together
with the U.S. Guarantees, the “Guarantees”) by each Qualified Foreign Subsidiary that is not an
Excluded Subsidiary (each, an “Overseas Guarantor” and, together with the U.S. Guarantors, the
Guarantors”) prior to, or concurrently with, the delivery of an Election to Participate by any
Overseas Revolver Borrower;

(d) all guarantees issued or to be issued in respect of the Senior Subordinated Notes (i)
shall be subordinated to the U.S. Guarantees to the same extent that the Senior Subordinated Notes
are subordinated to the Obligations and (ii) shall provide for their automatic release upon a
release of the corresponding U.S. Guarantee;

(e) the Obligations and the U.S. Guarantees shall have been secured by a first-priority
security interest in (i) all the Equity Interests of the Company and (ii) to the extent that it
does not give rise to additional Subsidiary reporting requirements under Rule 3-16 of Regulation
S-X promulgated under the Exchange Act, all Equity Interests (other than Equity Interests of
Unrestricted Subsidiaries and any Equity Interest of any Restricted Subsidiary pledged to secure
Indebtedness permitted under Section 7.03(g)) of each wholly owned Subsidiary directly owned by any
U.S. Guarantor; provided that pledges of Equity Interests of each Foreign Subsidiary shall be
limited to 65% of the issued and outstanding Equity Interests of such Foreign Subsidiary at any
time;

(f) except to the extent otherwise permitted hereunder or under any Collateral Document, the
Obligations and the U.S. Guarantees shall have been secured by a security interest in, and
mortgages on, substantially all tangible and intangible assets of Holdings, the Company and each
other U.S. Guarantor (including accounts (other than deposit accounts or other bank or securities
accounts and accounts receivable and related assets subject to the Receivables Facility),
inventory, equipment, investment property, contract rights, intellectual property, other general
intangibles, owned and leased real property and proceeds of the foregoing), in each case, with the
priority required by the Collateral Documents; provided that security interests in real
property shall be limited to the Mortgaged Properties;

 

12

 

(g) to the extent that it does not give rise to additional Subsidiary reporting requirements
under Rule 3-16 of Regulation S-X promulgated under the Exchange Act or any obligation of a Foreign
Subsidiary to grant any Pari Passu Lien, the Overseas Revolving Obligations shall have been secured
by a first-priority security interest in all Equity Interests of each Overseas Guarantor (to the
extent not pledged pursuant to the preceding clause (e));

(h) except to the extent otherwise permitted hereunder or under any Collateral Document, on
or prior to the date any Overseas Revolver Borrower delivers an Election to Participate, the
Overseas Revolving Obligations shall have been secured by a security interest, and mortgages on,
substantially all tangible and intangible assets of each Overseas Guarantor (including accounts
(other than deposit accounts or other bank or securities accounts), inventory, equipment,
investment property, contract rights, intellectual property, other general intangibles, owned and
leased real property and proceeds of the foregoing), in each case (i) with the priority required
by the Collateral Documents and (ii) to the extent permitted by applicable Laws and provided that
it would not result in material adverse tax consequences to Holdings and its Subsidiaries or give
rise to any obligation to grant any Pari Passu Lien;

(i) none of the Collateral shall be subject to any Liens other than Liens permitted by
Section 7.01; and

(j) the Collateral Agent shall have received (i) counterparts of a Mortgage or Collateral
Assignment, as applicable, with respect to each owned or leased property described on Schedule
1.01F hereto or required to be delivered pursuant to Section 6.11 (the “Mortgaged Properties”) duly
executed and delivered by the record owner of such property, (ii) a policy or policies of title
insurance issued by a nationally recognized title insurance company insuring the Lien of each such
Mortgage as a valid Lien on the property described therein, free of any other Liens except as
expressly permitted by Section 7.01, together with such endorsements, coinsurance and reinsurance
as the Administrative Agent may reasonably request, and (iii) such existing surveys, existing
abstracts, existing appraisals, legal opinions and other documents as the Administrative Agent may
reasonably request with respect to any such Mortgaged Property.

The foregoing definition shall not require the creation or perfection of pledges of or
security interests in, or the obtaining of title insurance or surveys with respect to, particular
assets if and for so long as, in the reasonable judgment of the Administrative Agent (confirmed in
writing by notice to the Company), the cost of creating or perfecting such pledges or security
interests in such assets or obtaining title insurance or surveys in respect of such assets shall be
excessive in view of the benefits to be obtained by the Lenders therefrom. The Administrative
Agent may grant extensions of time for the perfection of security interests in or the obtaining of
title insurance with respect to particular assets (including extensions beyond the Closing Date for
the perfection of security interests in the assets of the Loan Parties on such date) where it
reasonably determines, in consultation with the Company, that perfection cannot be accomplished
without undue effort or expense by the time or times at which it would otherwise be required by
this Agreement or the Collateral Documents.

 

13

 

Notwithstanding the foregoing provisions of this definition or anything in this Agreement or
any other Loan Document to the contrary, (a) with respect to leases of real property entered into
by the Company or any other Guarantor prior to the Closing Date, the Company shall not be required
to take any action with respect to creation or perfection of security interests with respect to
such leases prior to the Closing Date and (b) Liens required to be granted from time to time
pursuant to the Collateral and Guarantee Requirement shall be subject to exceptions and limitations
set forth in the Collateral Documents as in effect on the Closing Date and, to the extent
appropriate in the applicable jurisdiction, as agreed between the Administrative Agent and the
Company.

“Collateral Assignment” means a Collateral Assignment, substantially in the form of Exhibit I.

“Collateral Documents” means, collectively, the Security Agreement, the Intellectual Property
Security Agreement, the Mortgages, First Refinancing Amendment Reaffirmation Agreement, each of the
mortgages, collateral assignments, Security Agreement Supplements, security agreements, pledge
agreements or other similar agreements delivered to the Administrative Agent and the Lenders
pursuant to Section 6.11 or Section 6.13, the Guaranty and each of the other agreements,
instruments or documents that creates or purports to create a Lien or Guarantee in favor of the
Administrative Agent for the benefit of the Secured Parties.

“Commitment” means a U.S. Term Commitment, a U.K. Term Commitment, an Incremental Term
Commitment or a Revolving Credit Commitment, as the context may require.

“Committed Loan Notice” means a notice of (a) a Term Borrowing, (b) a Revolving Credit
Borrowing, (c) a conversion of Loans from one Type to the other, or (d) a continuation of
Eurocurrency Rate Loans, pursuant to Section 2.02(a), which, if in writing, shall be substantially
in the form of Exhibit A.

“Company” has the meaning specified in the introductory paragraph to this Agreement and
includes the surviving company of the merger between Solar Capital Corp. and SunGard consummated on
the Closing Date.

“Company Guaranty” means the Company Guaranty made by the Company in favor of the
Administrative Agent on behalf of the Secured Parties, substantially in the form of Exhibit F-4.

“Compensation Period” has the meaning specified in Section 2.12(c)(ii).

“Compliance Certificate” means a certificate substantially in the form of Exhibit D.

 

14

 

“Consolidated EBITDA” means, for any period, the Consolidated Net Income for such period,
plus:

without duplication and to the extent already deducted (and not added back) in arriving at
such Consolidated Net Income, the sum of the following amounts for such period:

(a) total interest expense (other than any portion thereof related to (A) the
Receivables Facility and (B) the Broker-Dealer Facility to the extent the aggregate
principal amount of Indebtedness incurred under the Broker-Dealer Facility is not in excess
of $20,000,000) and, to the extent not reflected in such total interest expense, any losses
on hedging obligations or other derivative instruments entered into for the purpose of
hedging interest rate risk, net of interest income and gains on such hedging obligations,
and costs of surety bonds in connection with financing activities,

(b) provision for taxes based on income, profits or capital of the Company and the
Restricted Subsidiaries, including state, franchise and similar taxes (such as the
Pennsylvania capital tax) and foreign withholding taxes paid or accrued during such period,

(c) depreciation and amortization (including amortization of Capitalized Software
Expenditures),

(d) Non-Cash Charges,

(e) extraordinary losses and unusual or non-recurring charges, severance, relocation
costs and curtailments or modifications to pension and post-retirement employee benefit
plans,

(f) restructuring charges or reserves (including restructuring costs related to
acquisitions after the date hereof and to closure/consolidation of facilities),

(g) any deductions attributable to minority interests,

(h) the amount of management, monitoring, consulting and advisory fees and related
expenses paid to the Sponsors,

(i) any costs or expenses incurred by the Company or a Restricted Subsidiary pursuant
to any management equity plan or stock option plan or any other management or employee
benefit plan or agreement or any stock subscription or shareholder agreement, to the extent
that such costs or expenses are funded with cash proceeds contributed to the capital of the
Company or net cash proceeds of an issuance of Equity Interests of the Company (other than
Disqualified Equity Interests); and

(j) the amount of net cost savings projected by the Company in good faith to be
realized as a result of specified actions taken during such period (calculated on a pro
forma basis as though such cost savings had been realized on the first day of such period),
net of the amount of actual benefits realized during such period from such actions, provided
that (A) such cost savings are reasonably identifiable and factually supportable, (B) such
actions are taken within 36 months after the Closing Date, (C) no cost savings shall be
added pursuant to this clause (x) to the extent duplicative of any expenses or charges
relating to such cost savings that are included in clause (vi) above with respect to such
period and (D) the aggregate amount of cost savings added pursuant to this clause (x) shall
not exceed $100,000,000 for any period consisting of four consecutive quarters, less

 

15

 

(k) without duplication and to the extent included in arriving at such Consolidated Net
Income, the sum of the following amounts for such period:

(a) extraordinary gains and unusual or non-recurring gains,

(b) non-cash gains (excluding any non-cash gain to the extent it represents the
reversal of an accrual or reserve for a potential cash item that reduced Consolidated EBITDA
in any prior period),

(c) gains on asset sales (other than asset sales in the ordinary course of business),

(d) any net after-tax income from the early extinguishment of Indebtedness or hedging
obligations or other derivative instruments, and

(e) all gains from investments recorded using the equity method,

in each case, as determined on a consolidated basis for the Company and the Restricted Subsidiaries
in accordance with GAAP; provided that, to the extent included in Consolidated Net Income,

there shall be excluded in determining Consolidated EBITDA currency translation gains
and losses related to currency remeasurements of Indebtedness (including the net loss or
gain resulting from Swap Contracts for currency exchange risk),

(f) there shall be excluded in determining Consolidated EBITDA for any period any
adjustments resulting from the application of Statement of Financial Accounting Standards
No. 133, and

(g) there shall be included in determining Consolidated EBITDA for any period, without
duplication, (A) the Acquired EBITDA of any Person, property, business or asset acquired by
the Company or any Restricted Subsidiary during such period (but not the Acquired EBITDA of
any related Person, property, business or assets to the extent not so acquired), to the
extent not subsequently sold, transferred or otherwise disposed by the Company or such
Restricted Subsidiary (each such Person, property, business or asset acquired and not
subsequently so disposed of, an “Acquired Entity or Business”), based on the actual Acquired
EBITDA of such Acquired Entity or Business for such period (including the portion thereof
occurring prior to such acquisition) and (B) for the purposes of the definition of the term
“Permitted Acquisition” and Section 7.11, an adjustment in respect of each Acquired Entity
or Business equal to the amount of the Pro Forma Adjustment with respect to such Acquired
Entity or Business for such period (including the portion thereof occurring prior to such
acquisition) as specified in a certificate executed by a Responsible Officer and delivered
to the Lenders and the Administrative Agent and (C) for purposes of determining the Total
Leverage Ratio or Interest Coverage Ratio only, there shall be excluded in determining
Consolidated EBITDA for any period the Disposed EBITDA of any Person, property, business or
asset sold, transferred or otherwise disposed of, closed or classified as discontinued
operations by the Company or any Restricted Subsidiary during such period (each such Person,
property, business or asset so sold or disposed of, a “Sold Entity or Business”), based
on the actual Disposed EBITDA of such Sold Entity or Business for such period (including the
portion thereof occurring prior to such sale, transfer or disposition).

 

16

 

For the purpose of the definition of Consolidated EBITDA, “Non-Cash Charges” means (a) losses on
asset sales, disposals or abandonments, (b) any impairment charge or asset write-off related to
intangible assets, long-lived assets, and investments in debt and equity securities pursuant to
GAAP, (c) all losses from investments recorded using the equity method, (d) stock-based awards
compensation expense, and (e) other non-cash charges (provided that if any non-cash charges
referred to in this clause (e) represent an accrual or reserve for potential cash items in any
future period, the cash payment in respect thereof in such future period shall be subtracted from
Consolidated EBITDA to such extent, and excluding amortization of a prepaid cash item that was paid
in a prior period).

“Consolidated Interest Expense” means, for any period, the sum of (i) the cash interest
expense (including that attributable to Capitalized Leases), net of cash interest income, of the
Company and the Restricted Subsidiaries, determined on a consolidated basis in accordance with
GAAP, with respect to all outstanding Indebtedness of the Company and the Restricted Subsidiaries,
including all commissions, discounts and other fees and charges owed with respect to letters of
credit and bankers’ acceptance financing and net costs under Swap Contracts, (ii) any cash payments
made during such period in respect of obligations referred to in clause (b) below relating to
Funded Debt that were amortized or accrued in a previous period (other than any such obligations
resulting from the discounting of Indebtedness in connection with the application of purchase
accounting in connection with the Transaction or any Permitted Acquisition) and (iii) from and
after the date that a Holdings Restricted Payments Election is made, the amount of all Restricted
Payments from the Company to Holdings used to fund cash interest payments by Holdings, but
excluding, however, (a) amortization of deferred financing costs and any other amounts of non-cash
interest, (b) the accretion or accrual of discounted liabilities during such period, (c)
commissions, discounts, yield and other fees and charges (including any interest expense) incurred
in connection with (i) the Receivables Facility and (ii) the Broker-Dealer Facility to the extent
the aggregate principal amount of Indebtedness incurred under the Broker-Dealer Facility is not in
excess of $20,000,000 and (d) all non-recurring cash interest expense consisting of liquidated
damages for failure to timely comply with registration rights obligations and financing fees, all
as calculated on a consolidated basis in accordance with GAAP; provided that for purposes of the
definition of the term “Permitted Acquisition” and Section 7.11, there shall be included in
determining Consolidated Interest Expense for any period the cash interest expense (or income) of
any Acquired Entity or Business acquired during such period, based on the cash interest expense (or
income) of such Acquired Entity or Business for such period (including the portion thereof
occurring prior to such acquisition) assuming any Indebtedness incurred or repaid in connection
with any such acquisition had been incurred or prepaid on the first day of such period.
Notwithstanding anything to the contrary contained herein, for purposes of determining Consolidated
Interest Expense for any period ending prior to the first anniversary of the Closing Date,
Consolidated Interest Expense shall be an amount equal to actual Consolidated Interest Expense from
the Closing Date through the date of determination multiplied by a fraction the numerator of which
is 365 and the denominator of which is the number of days from the Closing Date through the date of
determination.

 

17

 

“Consolidated Lease Expense” means, for any period, all rental expenses of the Company and the
Restricted Subsidiaries during such period under operating leases for real or personal property
(including in connection with sale-leaseback transactions permitted by Section 7.05(f)), excluding
real estate taxes, insurance costs and common area maintenance charges and net of sublease income,
other than (a) obligations under vehicle leases entered into in the ordinary course of business,
(b) all such rental expenses associated with assets acquired pursuant to a Permitted Acquisition to
the extent such rental expenses relate to operating leases in effect at the time of (and
immediately prior to) such acquisition and related to periods prior to such acquisition and (c) all
obligations under Capitalized Leases, all as determined on a consolidated basis in accordance with
GAAP.

“Consolidated Net Income” means, for any period, the net income (loss) of the Company and the
Restricted Subsidiaries for such period determined on a consolidated basis in accordance with GAAP,
excluding, without duplication, (a) extraordinary items for such period, (b) the cumulative effect
of a change in accounting principles during such period to the extent included in Consolidated Net
Income, (c) in the case of any period that includes a period ending prior to or during the fiscal
year ending December 31, 2005, Transaction Expenses, (d) any fees and expenses incurred during such
period, or any amortization thereof for such period, in connection with any acquisition,
investment, asset disposition, issuance or repayment of debt, issuance of equity securities,
refinancing transaction or amendment or other modification of any debt instrument (in each case,
including any such transaction consummated prior to the Closing Date and any such transaction
undertaken but not completed) and any charges or non-recurring merger costs incurred during such
period as a result of any such transaction, (e) any income (loss) for such period attributable to
the early extinguishment of Indebtedness and (f) accruals and reserves that are established within
twelve months after the Closing Date that are so required to be established as a result of the
Transaction in accordance with GAAP. There shall be excluded from Consolidated Net Income for any
period the purchase accounting effects of adjustments to property and equipment, software and other
intangible assets and deferred revenue in component amounts required or permitted by GAAP and
related authoritative pronouncements (including the effects of such adjustments pushed down to
Holdings, the Company and the Restricted Subsidiaries), as a result of the Transaction, any
acquisition consummated prior to the Closing Date, any Permitted Acquisitions, or the amortization
or write-off of any amounts thereof.

“Consolidated Total Debt” means, as of any date of determination, (a) the aggregate principal
amount of Indebtedness of the Company and the Restricted Subsidiaries outstanding on such date,
determined on a consolidated basis in accordance with GAAP (but excluding the effects of any
discounting of Indebtedness resulting from the application of purchase accounting in connection
with the Transaction or any Permitted Acquisition), consisting of Indebtedness for borrowed money,
obligations in respect of Capitalized Leases and debt obligations evidenced by promissory notes or
similar instruments (and excluding, for the avoidance of doubt, all Indebtedness outstanding under
or in respect of the (i) Receivables Facility and (ii) the Broker-Dealer Facility to the extent the
aggregate principal amount of Indebtedness incurred under the Broker-Dealer Facility is not in
excess of $20,000,000), minus (b) the aggregate amount of cash and Cash Equivalents (in
each case, free and clear of all Liens, other than nonconsensual Liens permitted by Section 7.01
and Liens permitted by Section
7.01(s) and clauses (i) and (ii) of Section 7.01(u)) in excess of $50,000,000 included in the
consolidated balance sheet of the Company and the Restricted Subsidiaries as of such date.

 

18

 

“Consolidated Working Capital” means, at any date, the excess of (a) the sum of all amounts
(other than cash and Cash Equivalents) that would, in conformity with GAAP, be set forth opposite
the caption “total current assets” (or any like caption) on a consolidated balance sheet of the
Company and the Restricted Subsidiaries at such date over (b) the sum of all amounts that would, in
conformity with GAAP, be set forth opposite the caption “total current liabilities” (or any like
caption) on a consolidated balance sheet of the Company and the Restricted Subsidiaries on such
date, including deferred revenue but excluding, without duplication, (i) the current portion of any
Funded Debt, (ii) all Indebtedness consisting of Loans and L/C Obligations to the extent otherwise
included therein, (iii) the current portion of interest and (iv) the current portion of current and
deferred income taxes.

“Continuing Directors” means the directors of Holdings on the Closing Date, as elected or
appointed after giving effect to the Merger and the other transactions contemplated hereby, and
each other director, if, in each case, such other directors’ nomination for election to the board
of directors of Holdings (or the Company after a Qualifying IPO of the Company) is recommended by a
majority of the then Continuing Directors or such other director receives the vote of the Permitted
Holders in his or her election by the stockholders of Holdings (or the Company after a Qualifying
IPO of the Company).

“Contract Consideration” has the meaning set forth in the definition of “Excess Cash Flow”.

“Contractual Obligation” means, as to any Person, any provision of any security issued by such
Person or of any agreement, instrument or other undertaking to which such Person is a party or by
which it or any of its property is bound.

“Control” has the meaning specified in the definition of “Affiliate.”

“Conversion” has the meaning assigned thereto in the First Refinancing Amendment.

“Converted Incremental Term Loans” has the meaning assigned thereto in the First Refinancing
Amendment.

“Credit Agreement Refinancing Indebtedness” means (a) Permitted First Priority Refinancing
Debt, (b) Permitted Second Priority Refinancing Debt, (c) Permitted Unsecured Refinancing Debt or
(d) Indebtedness incurred or Other Revolving Commitments obtained pursuant to a Refinancing
Amendment, in each case, issued, incurred or otherwise obtained (including by means of the
extension or renewal of existing Indebtedness) in exchange for, or to extend, renew, replace or
refinance, in whole or part, existing Term Loans or (in the case of Other Revolving Commitments
obtained pursuant to a Refinancing Amendment) Revolving Credit Commitments hereunder (including any
successive Credit Agreement Refinancing Indebtedness) (“Refinanced Debt”); provided that
(i) such extending, renewing or refinancing Indebtedness (including, if such Indebtedness includes
any Other

 

19

 

Revolving Credit Commitments, the unused portion of such Other Revolving Credit
Commitments) is in an original aggregate principal amount not greater than the aggregate principal amount of the
Refinanced Debt (and, in the case of Refinanced Debt consisting, in whole or in part, of unused
Revolving Credit Commitments or Other Revolving Credit Commitments, the amount thereof), (ii) such
Indebtedness has a later maturity and, except in the case of Other Revolving Credit Commitments, a
Weighted Average Life to Maturity equal to or greater than the Refinanced Debt, and (iii) such
Refinanced Debt shall be repaid, defeased or satisfied and discharged, and all accrued interest,
fees and premiums (if any) in connection therewith shall be paid, on the date such Credit Agreement
Refinancing Indebtedness is issued, incurred or obtained; provided that to the extent that such
Refinanced Debt consists, in whole or in part, of Revolving Credit Commitments or Other Revolving
Credit Commitments (or Revolving Credit Loans, Other Revolving Credit Loans or Swing Line Loans
incurred pursuant to any Revolving Credit Commitments or Other Revolving Credit Commitments), such
Revolving Credit Commitments or Other Revolving Credit Commitments, as applicable, shall be
terminated, and all accrued fees in connection therewith shall be paid, on the date such Credit
Agreement Refinancing Indebtedness is issued, incurred or obtained.

“Credit Extension” means each of the following: (a) a Borrowing and (b) an L/C Credit
Extension.

“Cumulative Excess Cash Flow” has the meaning specified in Section 7.06(i).

“Debt Issuance” means the issuance by any Person and its Subsidiaries of any Indebtedness for
borrowed money.

“Debt Prepayment” means the prepayment by the Company on the Closing Date of any Indebtedness
outstanding under the Existing Credit Agreement.

“Debtor Relief Laws” means the Bankruptcy Code of the United States, and all other
liquidation, conservatorship, bankruptcy, assignment for the benefit of creditors, moratorium,
rearrangement, receivership, insolvency, reorganization, or similar debtor relief Laws of the
United States or other applicable jurisdictions from time to time in effect and affecting the
rights of creditors generally (including, in the case of Loan Parties incorporated or organized in
England or Wales, administration, administrative receivership, voluntary arrangement and schemes of
arrangement).

“Default” means any event or condition that constitutes an Event of Default or that, with the
giving of any notice, the passage of time, or both, would be an Event of Default.

“Default Rate” means an interest rate equal to (a) the Base Rate plus (b) the Applicable Rate,
if any, applicable to Base Rate Loans plus (c) 2.0% per annum; provided that with respect to a
Eurocurrency Rate Loan, the Default Rate shall be an interest rate equal to the interest rate
(including any Applicable Rate and any Mandatory Cost) otherwise applicable to such Loan plus 2.0%
per annum, in each case, to the fullest extent permitted by applicable Laws.

“Defaulting Lender” means any Lender that (a) has failed to fund any portion of the U.S. Term
Loans, U.K. Term Loans, Euro Term Loans, Revolving Credit Loans, participations in L/C Obligations
or participations in Swing Line Loans required to be funded by it hereunder within one (1) Business
Day of the date required to be funded by it hereunder,
unless the subject of a good faith dispute or subsequently cured, (b) has otherwise failed to
pay over to the Administrative Agent or any other Lender any other amount required to be paid by it
hereunder within one (1) Business Day of the date when due, unless the subject of a good faith
dispute or subsequently cured, or (c) has been deemed insolvent or become the subject of a
bankruptcy or insolvency proceeding.

 

20

 

“Designated Non-Cash Consideration” means the fair market value of non-cash consideration
received by the Company or a Restricted Subsidiary in connection with a Disposition pursuant to
Section 7.05(k) that is designated as Designated Non-Cash Consideration pursuant to a certificate
of a Responsible Officer, setting forth the basis of such valuation (which amount will be reduced
by the fair market value of the portion of the non-cash consideration converted to cash within 180
days following the consummation of the applicable Disposition).

“Designated Obligations” means all obligations of the Borrowers with respect to (a) principal
of and interest on the Loans, (b) Unreimbursed Amounts and interest thereon and (c) accrued and
unpaid fees under the Loan Documents.

“Disposed EBITDA” means, with respect to any Sold Entity or Business for any period, the
amount for such period of Consolidated EBITDA of such Sold Entity or Business (determined as if
references to the Company and the Restricted Subsidiaries in the definition of Consolidated EBITDA
were references to such Sold Entity or Business and its Subsidiaries), all as determined on a
consolidated basis for such Sold Entity or Business.

“Disposition” or “Dispose” means the sale, transfer, license, lease or other disposition
(including any sale and leaseback transaction and any sale of Equity Interests) of any property by
any Person, including any sale, assignment, transfer or other disposal, with or without recourse,
of any notes or accounts receivable or any rights and claims associated therewith; provided that
“Disposition” and “Dispose” shall not be deemed to include any issuance by Holdings of any of its
Equity Interests to another Person.

“Disqualified Equity Interests” means any Equity Interest which, by its terms (or by the terms
of any security or other Equity Interests into which it is convertible or for which it is
exchangeable), or upon the happening of any event or condition (a) matures or is mandatorily
redeemable (other than solely for Qualified Equity Interests), pursuant to a sinking fund
obligation or otherwise (except as a result of a change of control or asset sale so long as any
rights of the holders thereof upon the occurrence of a change of control or asset sale event shall
be subject to the prior repayment in full of the Loans and all other Obligations that are accrued
and payable and the termination of the Commitments), (b) is redeemable at the option of the holder
thereof (other than solely for Qualified Equity Interests), in whole or in part, (c) provides for
the scheduled payments of dividends in cash, or (d) is or becomes convertible into or exchangeable
for Indebtedness or any other Equity Interests that would constitute Disqualified Equity Interests,
in each case, prior to the date that is ninety-one (91) days after the Maturity Date of the Term
Loans.

“Dollar” and “$” mean lawful money of the United States.

“Dollar Amount” means, at any time:

 

21

 

with respect to any Loan denominated in Dollars (including, with respect to any Swing
Line Loan, any funded participation therein), the principal amount thereof then outstanding
(or in which such participation is held);

with respect to any Alternative Currency Loan, the principal amount thereof then
outstanding in the relevant Alternative Currency, converted to Dollars in accordance with
Section 1.08 and Section 2.17(a); and

with respect to any L/C Obligation (or any risk participation therein), (A) if
denominated in Dollars, the amount thereof and (B) if denominated in an Alternative
Currency, the amount thereof converted to Dollars in accordance with Section 1.08 and
Section 2.17(b).

“Dollar Letter of Credit” means a Letter of Credit denominated in Dollars.

“Dollar Revolving Credit Borrowing” means a borrowing consisting of simultaneous Dollar
Revolving Credit Loans of the same Type and, in the case of Eurocurrency Rate Loans, having the
same Interest Period made by each of the Revolving Credit Lenders pursuant to Section 2.01(d).

“Dollar Revolving Credit Exposure” means, as to each Revolving Credit Lender, the sum of the
outstanding principal amount of such Revolving Credit Lender’s Dollar Revolving Credit Loans and
its Pro Rata Share of the L/C Obligations and the Swing Line Obligations.

“Dollar Revolving Credit Loan” has the meaning specified in Section 2.01(d).

“Domestic Subsidiary” means any Subsidiary that is organized under the Laws of the United
States, any state thereof or the District of Columbia.

“Election to Participate” means an Election to Participate substantially in the form of
Exhibit J. hereto.

“Election to Terminate” means an Election to Terminate substantially in the form of Exhibit K
hereto.

“Eligible Assignee” means any Assignee permitted by and consented to in accordance with
Section 10.07(b).

“EMU” means the economic and monetary union in accordance with the Treaty of Rome 1957, as
amended by the Single European Act 1986, the Maastricht Treaty of 1992 and the Amsterdam Treaty of
1998.

“EMU Legislation” means the legislative measures of the European Council for the introduction
of, changeover to or operation of a single or unified European currency.

 

22

 

“Environmental Laws” means any and all Federal, state, local, and foreign statutes, Laws,
regulations, ordinances, rules, judgments, orders, decrees, permits, concessions,
grants, franchises, licenses, agreements or governmental restrictions relating to pollution,
the protection of the environment, natural resources, or, to the extent relating to exposure to
Hazardous Materials, human health or to the release of any materials into the environment,
including those related to hazardous substances or wastes, air emissions and discharges to waste or
public systems.

“Environmental Liability” means any liability, contingent or otherwise (including any
liability for damages, costs of environmental remediation, fines, penalties or indemnities), of the
Company, any other Loan Party or any of their respective Subsidiaries 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.

“Environmental Permit” means any permit, approval, identification number, license or other
authorization required under any Environmental Law.

“Equity Contributions” means, collectively, (a) the contribution by the Equity Investors of an
aggregate amount of cash (together with the aggregate value of options to purchase Equity Interests
of the Company held by Management Stockholders that are rolled over in connection with the
Transactions) of not less than $3,000,000,000 to Solar Capital Corp., Holdings or one or more
direct or indirect holding company parents of Holdings, and (b) the further contribution to the
Company of any portion of such cash contribution proceeds not directly received by the Company or
used by Holdings to pay Transaction Expenses.

“Equity Interests” means, with respect to any Person, all of the shares, interests, rights,
participations or other equivalents (however designated) of capital stock of (or other ownership or
profit interests or units in) such Person and all of the warrants, options or other rights for the
purchase, acquisition or exchange from such Person of any of the foregoing (including through
convertible securities).

“Equity Investors” means the Sponsors and the Management Stockholders.

“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 is under
common control with any Loan Party within the meaning of Section 414 of the Code or Section 4001 of
ERISA.

 

23

 

“ERISA Event” means (a) a Reportable Event with respect to a Pension Plan; (b) a withdrawal by
any Loan Party or any ERISA Affiliate from a Pension Plan subject to Section 4063 of ERISA during a
plan year in which it was a substantial employer (as defined in Section 4001(a)(2) of ERISA) or a
cessation of operations that is treated as such a withdrawal under Section 4062(e) of ERISA; (c) a
complete or partial withdrawal by any Loan Party or any ERISA Affiliate from a Multiemployer Plan
or notification that a Multiemployer Plan is in
reorganization; (d) the filing of a notice of intent to terminate, the treatment of a Plan
amendment as a termination under Sections 4041 or 4041A of ERISA, or the commencement of
proceedings by the PBGC to terminate a Pension Plan or Multiemployer Plan; (e) an event or
condition which constitutes grounds under Section 4042 of ERISA for the termination of, or the
appointment of a trustee to administer, any Pension Plan or Multiemployer Plan; or (f) the
imposition of any liability under Title IV of ERISA, other than for PBGC premiums due but not
delinquent under Section 4007 of ERISA, upon any Loan Party or any ERISA Affiliate.

“Euro” and “EUR” means the lawful currency of the Participating Member States introduced in
accordance with EMU Legislation.

“Euro Term Borrower” means SunGard UK Holdings Limited.

“Euro Term Commitment” means the Tranche B Euro Term Commitments.

“Euro Term Lender” means, collectively, the Tranche A Euro Term Lenders and the Tranche B Euro
Term Lenders.

“Euro Term Loan” means, collectively, the Tranche A Euro Term Loans and the Tranche B Euro
Term Loans. References to “Euro Term Loans” existing prior to the Restatement Effective Date refer
to the Euro Term Loans made pursuant to the First Amendment.

“Euro Term Note” means a promissory note of the Euro Term Borrower payable to any Euro Term
Lender or its registered assigns, in substantially the form of Exhibit C-3 hereto, evidencing the
aggregate Indebtedness of the Euro Term Borrower to such Euro Term Lender resulting from the Euro
Term Loans made by such Euro Term Lender.

“Eurocurrency Rate” means, for any Interest Period with respect to any Eurocurrency Rate Loan:

the rate per annum equal to the rate determined by the Administrative Agent to be the
offered rate that appears on the page of the Dow Jones Market screen (or any successor
thereto) that displays an average British Bankers Association Interest Settlement Rate for
deposits in Dollars or the relevant Alternative Currency (for delivery on the first day of
such Interest Period) with a term equivalent to such Interest Period, determined as of
approximately 11:00 a.m. (London time) two (2) Business Days prior to the first day of such
Interest Period, or, if different, the date on which quotations would customarily be
provided by leading banks in the London Interbank Market for deposits of amounts in the
relevant currency for delivery on the first day of such Interest Period, or

if the rate referenced in the preceding clause (a) does not appear on such page or
service or such page or service shall not be available, the rate per annum equal to the rate
determined by the Administrative Agent to be the offered rate on such other page or other
service that displays an average British Bankers Association Interest Settlement Rate for
deposits in Dollars or the relevant Alternative Currency (for delivery on the first day of
such Interest Period) with a term equivalent to such Interest Period, determined as of
approximately 11:00 a.m. (London time) two (2) Business Days prior to the first day of
such Interest Period, or, if different, the date on which quotations would customarily
be provided by leading banks in the London Interbank Market for deposits of amounts in the
relevant currency for delivery on the first day of such Interest Period, or

 

24

 

if the rates referenced in the preceding clauses (a) and (b) are not available, the
rate per annum determined by the Administrative Agent as the rate of interest at which
deposits in Dollars or the relevant Alternative Currency for delivery on the first day of
such Interest Period in Same Day Funds in the approximate amount of the Eurocurrency Rate
Loan being made, continued or converted by JPMorgan Chase Bank and with a term equivalent to
such Interest Period would be offered by JPMorgan Chase Bank’s London Branch to major banks
in the London interbank eurodollar market at their request at approximately 11:00 a.m.
(London time) two (2) Business Days prior to the first day of such Interest Period or, if
different, the date on which quotations would customarily be provided by leading banks in
the London Interbank Market for deposits of amounts in the relevant currency for delivery on
the first day of such Interest Period.

“Eurocurrency Rate Loan” means a Loan, whether denominated in Dollars or in an Alternative
Currency, that bears interest at a rate based on the Eurocurrency Rate.

“Event of Default” has the meaning specified in Section 8.01.

“Excess Cash Flow” means, for any period, an amount equal to the excess of:

(a) the sum, without duplication, of:

(i) Consolidated Net Income for such period,

(ii) an amount equal to the amount of all non-cash charges to the extent deducted in arriving
at such Consolidated Net Income,

(iii) decreases in Consolidated Working Capital and long-term account receivables for such
period (other than any such decreases arising from acquisitions by the Company and the Restricted
Subsidiaries completed during such period), and

(iv) an amount equal to the aggregate net non-cash loss on Dispositions by the Company and the
Restricted Subsidiaries during such period (other than Dispositions in the ordinary course of
business) to the extent deducted in arriving at such Consolidated Net Income; over

(b) the sum, without duplication, of:

(i) an amount equal to the amount of all non-cash credits included in arriving at such
Consolidated Net Income and cash charges included in clauses (a) through (f) of the definition of
Consolidated Net Income,

(ii) without duplication of amounts deducted pursuant to clause (xi) below in prior fiscal
years, the amount of Capital Expenditures made in cash or accrued during such period
pursuant to Section 7.16, except to the extent that such Capital Expenditures were financed
with the proceeds of Indebtedness of the Company or the Restricted Subsidiaries,

 

25

 

(iii) the aggregate amount of all principal payments of Indebtedness of the Company and the
Restricted Subsidiaries (including (A) the principal component of payments in respect of
Capitalized Leases and (B) the amount of any mandatory prepayment of Term Loans pursuant to Section
2.05(b)(ii) to the extent required due to a Disposition that resulted in an increase to
Consolidated Net Income and not in excess of the amount of such increase but excluding (X) all
other prepayments of Term Loans and (Y) all prepayments of Revolving Credit Loans and Swing Line
Loans) made during such period (other than in respect of any revolving credit facility to the
extent there is not an equivalent permanent reduction in commitments thereunder), except to the
extent financed with the proceeds of other Indebtedness of the Company or the Restricted
Subsidiaries,

(iv) an amount equal to the aggregate net non-cash gain on Dispositions by the Company and the
Restricted Subsidiaries during such period (other than Dispositions in the ordinary course of
business) to the extent included in arriving at such Consolidated Net Income,

(v) increases in Consolidated Working Capital and long-term account receivables for such
period (other than any such increases arising from acquisitions by the Company and the Restricted
Subsidiaries during such period),

(vi) cash payments by the Company and the Restricted Subsidiaries during such period in
respect of long-term liabilities of the Company and the Restricted Subsidiaries other than
Indebtedness,

(vii) without duplication of amounts deducted pursuant to clause (xi) below in prior fiscal
years, the amount of Investments and acquisitions made during such period pursuant to Section 7.02
(other than Section 7.02(a)) to the extent that such Investments and acquisitions were financed
with internally generated cash flow of the Company and the Restricted Subsidiaries,

(viii) the amount of Restricted Payments paid during such period pursuant to Section 7.06(i)
to the extent such Restricted Payments were financed with internally generated cash flow of the
Company and the Restricted Subsidiaries,

(ix) the aggregate amount of expenditures actually made by the Company and the Restricted
Subsidiaries in cash during such period (including expenditures for the payment of financing fees)
to the extent that such expenditures are not expensed during such period,

(x) the aggregate amount of any premium, make-whole or penalty payments actually paid in cash
by the Company and the Restricted Subsidiaries during such period that are required to be made in
connection with any prepayment of Indebtedness,

 

26

 

(xi) without duplication of amounts deducted from Excess Cash Flow in prior periods, the
aggregate consideration required to be paid in cash by the Company or any of the Restricted
Subsidiaries pursuant to binding contracts (the “Contract Consideration”) entered into prior to or
during such period relating to Permitted Acquisitions or Capital Expenditures to
be consummated or made during the period of four consecutive fiscal quarters of the Company
following the end of such period, provided that to the extent the aggregate amount of internally
generated cash actually utilized to finance such Permitted Acquisitions during such period of four
consecutive fiscal quarters is less than the Contract Consideration, the amount of such shortfall
shall be added to the calculation of Excess Cash Flow at the end of such period of four consecutive
fiscal quarters, and

(xii) the amount of cash taxes paid in such period to the extent they exceed the amount of tax
expense deducted in determining Consolidated Net Income for such period.

“Exchange Act” means the Securities Exchange Act of 1934.

“Exchange Rate” means on any day with respect to any currency other than Dollars, the rate at
which such currency may be exchanged into Dollars, as set forth at approximately 11:00 a.m. (London
time) on such day on the Reuters World Currency Page for such currency; in the event that such rate
does not appear on any Reuters World Currency Page, the Exchange Rate shall be determined by
reference to such other publicly available service for displaying exchange rates as may be agreed
upon by the Administrative Agent and the Company, or, in the absence of such agreement, such
Exchange Rate shall instead be the arithmetic average of the spot rates of exchange of the
Administrative Agent in the market where its foreign currency exchange operations in respect of
such currency are then being conducted, at or about 10:00 a.m. (New York City time) on such date
for the purchase of Dollars for delivery two Business Days later.

“Excluded Subsidiary” means (a) any Subsidiary that is not a wholly owned Subsidiary, (b) any
Receivables Subsidiary, (c) each Subsidiary listed on Schedule 1.01G hereto, (d) any Subsidiary
that is prohibited by applicable Law from guaranteeing the Obligations, (e) any Domestic Subsidiary
that is a Subsidiary of a Foreign Subsidiary, (f) any Restricted Subsidiary acquired pursuant to a
Permitted Acquisition financed with secured Indebtedness incurred pursuant to Section 7.03(g) and
each Restricted Subsidiary thereof that guarantees such Indebtedness; provided that each such
Restricted Subsidiary shall cease to be an Excluded Subsidiary under this clause (f) if such
secured Indebtedness is repaid or becomes unsecured or if such Restricted Subsidiary ceases to
guarantee such secured Indebtedness, as applicable, (g) each Broker-Dealer Subsidiary and (h) any
other Subsidiary with respect to which, in the reasonable judgment of the Administrative Agent
(confirmed in writing by notice to the Company), the cost or other consequences (including any
adverse tax consequences) of providing a Guarantee shall be excessive in view of the benefits to be
obtained by the Lenders therefrom.

“Existing Credit Agreement” means the Credit Agreement dated as of January 9, 2004, among
SunGard, the Subsidiaries of SunGard parties thereto, the lenders party thereto, JPMorgan Chase
Bank, N.A., as Administrative Agent, J.P. Morgan Europe Limited, as London Agent, Wachovia Bank,
N.A., as Syndication Agent, and ABN AMRO Bank, N.V., Bank of America, N.A. and Citibank, N.A., as
Co-Documentation Agents.

“Existing Letters of Credit” means the letters of credit outstanding on the Closing Date and
set forth on Schedule 1.01E.

 

27

 

“Existing Notes” means $250,000,000 aggregate principal amount of the Company’s 3.750% senior
notes due 2009 and $250,000,000 aggregate principal amount of the Company’s 4.875% senior notes due
2014.

“Existing Notes Documentation” means the Existing Notes, the Existing Notes Indenture and all
other documents executed and delivered with respect to the Existing Notes.

“Existing Notes Indenture” means the Indenture for the Existing Notes, dated as of January 15,
2004.

“Facility” means the Tranche A U.S. Term Loans, the Tranche A U.K. Term Loans, the Tranche A
Euro Term Loans, the Tranche B U.S. Term Loans, the Tranche B U.K. Term Loans, the Tranche B Euro
Term Loans, the Incremental Term Loans, the Revolving Credit Facility, the Alternative Currency
Revolving Credit Facility, the Swing Line Sublimit or the Letter of Credit Sublimit, as the context
may require.

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

“First Amendment” means the First Amendment dated as of February 28, 2007, to this Agreement.

“First Amendment Effective Date” means the date on which the First Amendment became effective
in accordance with Section 4 thereof.

“First Lien Intercreditor Agreement” means the First Lien Intercreditor Agreement
substantially in the form of Exhibit N among the Administrative Agent, the Collateral Agent and one
or more Senior Representatives for holders of Permitted First Priority Refinancing Debt, with such
modifications thereto as the Administrative Agent may reasonably agree.

“First Refinancing Amendment” means the First Refinancing Amendment to this Agreement dated as
of January 31, 2011, among Holdings, the Borrowers, the Incremental Term Lenders party thereto and
the Administrative Agent.

“First Refinancing Amendment Effective Date” has the meaning assigned thereto in the First
Refinancing Amendment.

 

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“First Refinancing Amendment Reaffirmation Agreement” means the Reaffirmation Agreement dated
as of January 31, 2011, among Holdings, the subsidiaries of Holdings party thereto and the
Administrative Agent.

“Foreign Lender” has the meaning specified in Section 10.15(a)(i).

“Foreign Subsidiary” means any direct or indirect Restricted Subsidiary of the Company which
(a) is not a Domestic Subsidiary or (b) is set forth on Schedule 1.01H.

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

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

“Funded Debt” means all Indebtedness of the Company and the Restricted Subsidiaries for
borrowed money that matures more than one year from the date of its creation or matures within one
year from such date that is renewable or extendable, at the option of such Person, to a date more
than one year from such date or arises under a revolving credit or similar agreement that obligates
the lender or lenders to extend credit during a period of more than one year from such date,
including Indebtedness in respect of the Loans.

“GAAP” means generally accepted accounting principles in the United States of America, as in
effect from time to time; provided, however, that if the Company notifies the Administrative Agent
that the Company requests an amendment to any provision hereof to eliminate the effect of any
change occurring after the Closing Date in GAAP or in the application thereof on the operation of
such provision (or if the Administrative Agent notifies the Company 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.

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

“Granting Lender” has the meaning specified in Section 10.07(h).

 

29

 

“Guarantee” means, as to any Person, without duplication, (a) any obligation, contingent or
otherwise, of such Person guaranteeing or having the economic effect of guaranteeing any
Indebtedness or other monetary obligation payable or performable by another Person (the “primary
obligor”) in any manner, whether directly or indirectly, and including any obligation of such
Person, direct or indirect, (i) to purchase or pay (or advance or supply funds for the purchase or
payment of) such Indebtedness or other monetary obligation, (ii) to purchase or lease property,
securities or services for the purpose of assuring the obligee in respect of such
Indebtedness or monetary other obligation of the payment or performance of such Indebtedness
or other monetary obligation, (iii) to maintain working capital, equity capital or any other
financial statement condition or liquidity or level of income or cash flow of the primary obligor
so as to enable the primary obligor to pay such Indebtedness or other monetary obligation, or (iv)
entered into for the purpose of assuring in any other manner the obligee in respect of such
Indebtedness or other monetary obligation of the payment or performance thereof or to protect such
obligee against loss in respect thereof (in whole or in part), or (b) any Lien on any assets of
such Person securing any Indebtedness or other monetary obligation of any other Person, whether or
not such Indebtedness or monetary other obligation is assumed by such Person (or any right,
contingent or otherwise, of any holder of such Indebtedness to obtain any such Lien); provided that
the term “Guarantee” shall not include endorsements for collection or deposit, in either case in
the ordinary course of business, or customary and reasonable indemnity obligations in effect on the
Closing Date or entered into in connection with any acquisition or disposition of assets permitted
under this Agreement (other than such obligations with respect to Indebtedness). The amount of any
Guarantee shall be deemed to be an amount equal to the stated or determinable amount of the related
primary obligation, or portion thereof, in respect of which such Guarantee is made or, if not
stated or determinable, the maximum reasonably anticipated liability in respect thereof as
determined by the guaranteeing Person in good faith. The term “Guarantee” as a verb has a
corresponding meaning.

“Guarantors” has the meaning set forth in the definition of “Collateral and Guarantee
Requirement”.

“Guaranty” means, collectively, the Holdings Guaranty, the Company Guaranty and the Subsidiary
Guaranty.

“Hazardous Materials” means all explosive or radioactive substances or wastes and all
hazardous or toxic substances, wastes or 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.

“Hedge Bank” means any Person that is a Lender or an Affiliate of a Lender at the time it
enters into a Secured Hedge Agreement, in its capacity as a party thereto.

“Holdings” has the meaning set forth in the introductory paragraph to this Agreement.

“Holdings Guaranty” means the Holdings Guaranty made by Holdings in favor of the
Administrative Agent on behalf of the Secured Parties, substantially in the form of Exhibit F-1.

“Holdings Restricted Payments Election” has the meaning specified in Section 7.06(c).

“Honor Date” has the meaning specified in Section 2.03(c)(i).

“Incremental Amendment” has the meaning set forth in Section 2.15(a).

 

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“Incremental Arranger” means J.P. Morgan Securities LLC, in its capacity as sole lead arranger
with respect to the Incremental Term Loan and the First Refinancing Amendment.

“Incremental Facility Closing Date” has the meaning set forth in Section 2.15(a).

“Incremental Term Commitment” means, as to each Incremental Term Lender, its obligation to
make an Incremental Term Loan to the Company pursuant to Section 2.01(e) (including pursuant to a
Conversion of Original Incremental Term Loans of such Incremental Term Lender) in an aggregate
Dollar Amount not to exceed the amount set forth opposite such Lender’s name on Schedule I to the
First Refinancing Amendment under the caption “Incremental Term B Commitment” or in the Assignment
and Assumption pursuant to which such Incremental Term Lender becomes a party hereto, as
applicable, as such amount may be adjusted from time to time in accordance with this Agreement. The
initial aggregate amount of the Incremental Term Commitments is $479,220,000.

“Incremental Term Lender” means, at any time, any Lender that has an Incremental Term
Commitment or an Incremental Term Loan at such time.

“Incremental Term Loan” means a Term Loan made in accordance with Section 2.15 (including a
Term Loan constituting Credit Agreement Refinancing Indebtedness thereof made in accordance with
Section 2.18) and pursuant to Section 2.01(e) (including Converted Incremental Term Loans).

“Incremental Term Note” means a promissory note of the Company payable to any Incremental Term
Lender or its registered assigns, in substantially the form of Exhibit A to First Refinancing
Amendment, evidencing the aggregate Indebtedness of the Company to such Incremental Term Lender
resulting from the Incremental Term Loans made by such Incremental Term Lender.

“Indebtedness” means, as to any Person at a particular time, without duplication, all of the
following, whether or not included as indebtedness or liabilities in accordance with GAAP:

all obligations of such Person for borrowed money and all obligations of such Person
evidenced by bonds, debentures, notes, loan agreements or other similar instruments;

the maximum amount (after giving effect to any prior drawings or reductions which may
have been reimbursed) of all letters of credit (including standby and commercial), bankers’
acceptances, bank guaranties, surety bonds, performance bonds and similar instruments issued
or created by or for the account of such Person;

net obligations of such Person under any Swap Contract;

all obligations of such Person to pay the deferred purchase price of property or
services (other than (i) trade accounts payable in the ordinary course of business and (ii)
any earn-out obligation until such obligation becomes a liability on the balance sheet
of such Person in accordance with GAAP);

 

31

 

indebtedness (excluding prepaid interest thereon) secured by a Lien on property owned
or being purchased by such Person (including indebtedness arising under conditional sales or
other title retention agreements and mortgage, industrial revenue bond, industrial
development bond and similar financings), whether or not such indebtedness shall have been
assumed by such Person or is limited in recourse;

all Attributable Indebtedness;

all obligations of such Person in respect of Disqualified Equity Interests; and

all Guarantees of such Person in respect of any of the foregoing.

For all purposes hereof, the Indebtedness of any Person shall (A) include the Indebtedness of any
partnership or joint venture (other than a joint venture that is itself a corporation or limited
liability company) in which such Person is a general partner or a joint venturer, except to the
extent such Person’s liability for such Indebtedness is otherwise limited and only to the extent
such Indebtedness would be included in the calculation of Consolidated Total Debt and (B) in the
case of Holdings and its Subsidiaries, exclude all intercompany Indebtedness having a term not
exceeding 364 days (inclusive of any roll-over or extensions of terms) and made in the ordinary of
business consistent with past practice. The amount of any net obligation under any Swap Contract
on any date shall be deemed to be the Swap Termination Value thereof as of such date. The amount
of Indebtedness of any Person for purposes of clause (e) shall be deemed to be equal to the lesser
of (i) the aggregate unpaid amount of such Indebtedness and (ii) the fair market value of the
property encumbered thereby as determined by such Person in good faith.

“Indemnified Liabilities” has the meaning set forth in Section 10.05.

“Indemnitees” has the meaning set forth in Section 10.05.

“Information” has the meaning specified in Section 10.08.

“Intellectual Property Security Agreement” means the Intellectual Property Security Agreement,
substantially in the form attached as Exhibit M.

“Interest Coverage Ratio” means, with respect to the Company and the Restricted Subsidiaries
on a consolidated basis, as of the end of any fiscal quarter of the Company for the Test Period
ending on such date, the ratio of (a) Consolidated EBITDA to (b) Consolidated Interest Expense.

“Interest Payment Date” means, (a) as to any Loan other than a Base Rate Loan, the last day of
each Interest Period applicable to such Loan and the Maturity Date of the Facility under which such
Loan was made; provided that if any Interest Period for a Eurocurrency Rate Loan exceeds three
months, the respective dates that fall every three months after the beginning of such Interest
Period shall also be Interest Payment Dates; and (b) as to any Base Rate Loan
(including a Swing Line Loan), the last Business Day of each March, June, September and
December and the Maturity Date of the Facility under which such Loan was made.

 

32

 

“Interest Period” means, as to each Eurocurrency Rate Loan, the period commencing on the date
such Eurocurrency Rate Loan is disbursed or converted to or continued as a Eurocurrency Rate Loan
and ending on the date one, two, three or six months thereafter, or to the extent available to each
Lender of such Eurocurrency Rate Loan, nine or twelve months or less than one month thereafter, as
selected by the relevant Borrower in its Committed Loan Notice; provided that:

any Interest Period that would otherwise end on a day that is not a Business Day shall
be extended to the next succeeding Business Day unless such Business Day falls in another
calendar month, in which case such Interest Period shall end on the next preceding Business
Day;

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

no Interest Period shall extend beyond the Maturity Date of the Facility under which
such Loan was made; and

no Eurocurrency Rate Loan that is a Tranche B Term Loan may be converted to or
continued as a Eurocurrency Rate Loan with an Interest Period of one month or less than one
month.

“Investment” means, as to any Person, any direct or indirect acquisition or investment by such
Person, whether by means of (a) the purchase or other acquisition of Equity Interests or debt or
other securities of another Person, (b) a loan, advance or capital contribution to, Guarantee or
assumption of Indebtedness of, or purchase or other acquisition of any other debt or equity
participation or interest in, another Person, including any partnership or joint venture interest
in such other Person (excluding, in the case of Holdings and its Subsidiaries, intercompany loans,
advances, or Indebtedness having a term not exceeding 364 days (inclusive of any roll-over or
extensions of terms) and made in the ordinary course of business consistent with past practice) or
(c) the purchase or other acquisition (in one transaction or a series of transactions) of all or
substantially all of the property and assets or business of another Person or assets constituting a
business unit, line of business or division of such Person. For purposes of covenant compliance,
the amount of any Investment shall be the amount actually invested, without adjustment for
subsequent increases or decreases in the value of such Investment.

“IP Collateral” means all “Intellectual Property Collateral” referred to in the Collateral
Documents and all of the other IP Rights that are or are required by the terms hereof or of the
Collateral Documents to be subject to Liens in favor of the Administrative Agent for the benefit of
the Secured Parties.

“IP Rights” has the meaning set forth in Section 5.15.

 

33

 

“IRS” means the United States Internal Revenue Service.

“JPMorgan Chase Bank” means JPMorgan Chase Bank, N.A. and its successors.

“Judgment Currency” has the meaning specified in Section 10.19.

“Junior Financing” has the meaning specified in Section 7.13.

“Junior Financing Documentation” means any documentation governing any Junior Financing.

“Latest Maturity Date” means, at any date of determination, the latest Maturity Date
applicable to any Loan or Commitment hereunder at such time, including the latest maturity date of
any Other Term Loan, any Other Term Commitment, any Other Revolving Credit Loan or any Other
Revolving Credit Commitment, in each case as extended in accordance with this Agreement from time
to time.

“Laws” means, collectively, all international, foreign, Federal, state and local statutes,
treaties, rules, guidelines, regulations, ordinances, codes and administrative or judicial
precedents or authorities, including the interpretation or administration thereof by any
Governmental Authority charged with the enforcement, interpretation or administration thereof, and
all applicable administrative orders, directed duties, requests, licenses, authorizations and
permits of, and agreements with, any Governmental Authority, in each case whether or not having the
force of law.

“L/C Advance” means, with respect to each Revolving Credit Lender, such Lender’s funding of
its participation in any L/C Borrowing in accordance with its Pro Rata Share.

“L/C Borrowing” means an extension of credit resulting from a drawing under any Letter of
Credit which has not been reimbursed on the date when made or refinanced as a Revolving Credit
Borrowing.

“L/C Credit Extension” means, with respect to any Letter of Credit, the issuance thereof or
extension of the expiry date thereof, or the renewal or increase of the amount thereof.

“L/C Issuer” means JPMorgan Chase Bank, Citicorp North America, Inc., Deutsche Bank Trust
Company Americas and any other Lender that becomes an L/C Issuer in accordance with Section 2.03(k)
or 10.07(j), in each case, in its capacity as an issuer of Letters of Credit (including Existing
Letters of Credit) hereunder, or any successor issuer of Letters of Credit hereunder.

“L/C Obligations” means, as at any date of determination, the aggregate undrawn amount of all
outstanding Letters of Credit plus the aggregate of all Unreimbursed Amounts, including all L/C
Borrowings.

 

34

 

“Lender” means each Person listed on Schedule 2.01 (as amended as of the Second Refinancing
Amendment Effective Date) and any other Person that shall have become a party hereto pursuant to an
Assignment and Assumption, an Incremental Amendment or a Refinancing Amendment, other than any such
Person that ceases to be a party hereto pursuant to an Assignment and Assumption or pursuant to the
First Amendment following the repayment in full of its existing Term Loans on the First Amendment
Effective Date. Unless the context otherwise requires, the term “Lenders” shall include each L/C
Issuer and the Swing Line Lender, and their respective successors and assigns as permitted
hereunder, together with, in each case, any Affiliate of any such financial institution through
which such financial institution elects, by notice to the Administrative Agent and the Company, to
make any Loans available to any Overseas Borrower; provided that, for all purposes of voting or
consenting with respect to (a) any amendment, supplementation or modification of any Loan Document,
(b) any waiver of any requirements of any Loan Document or any Default or Event of Default and its
consequences, or (c) any other matter as to which a Lender may vote or consent pursuant to Section
10.01 of this Agreement, the financial institution making such election shall be deemed the
“Lender” rather than such Affiliate, which shall not be entitled to vote or consent (it being
agreed that failure of any such Affiliate to fund an obligation under this Agreement shall not
relieve its affiliated financial institution from funding). “Lender” includes each Incremental
Term Lender.

“Lending Office” means, as to any Lender, the office or offices of such Lender described as
such in such Lender’s Administrative Questionnaire, or such other office or offices as a Lender may
from time to time notify the Company and the Administrative Agent.

“Letter of Credit” means any Existing Letter of Credit or any letter of credit issued
hereunder. A Letter of Credit may be a commercial letter of credit or a standby letter of credit.

“Letter of Credit Application” means an application and agreement for the issuance or
amendment of a Letter of Credit in the form from time to time in use by the relevant L/C Issuer.

“Letter of Credit Expiration Date” means the day that is five (5) Business Days prior to the
scheduled Maturity Date then in effect for the 2013 Revolving Credit Commitments (or, if such day
is not a Business Day, the next preceding Business Day).

“Letter of Credit Sublimit” means an amount equal to the lesser of (a) $150,000,000 and (b)
the aggregate Dollar Amount of the Revolving Credit Commitments. The Letter of Credit Sublimit is
part of, and not in addition to, the Revolving Credit Facility.

“Lien” means any mortgage, pledge, hypothecation, assignment, deposit arrangement,
encumbrance, lien (statutory or other), charge, or preference, priority or other security interest
or preferential arrangement of any kind or nature whatsoever (including any conditional sale or
other title retention agreement, any easement, right of way or other encumbrance on title to real
property, and any Capitalized Lease having substantially the same economic effect as any of the
foregoing).

 

35

 

“Loan” means the loans made by the Lenders to a Borrower pursuant to Article 2 of this
Agreement, including the U.S. Term Loans, the U.K. Term Loans and the Euro Term Loans made pursuant
to the First Amendment on the First Amendment Effective Date, an Incremental Term Loan, an Other
Term Loan or an Other Revolving Credit Loan.

“Loan Documents” means, collectively, (i) this Agreement, (ii) the Notes, (iii) the Guaranty,
(iv) the Collateral Documents and (v) each Letter of Credit Application.

“Loan Parties” means, collectively, each Borrower and each Guarantor.

“Management Stockholders” means the members of management of the Company or its Subsidiaries
who are investors in Holdings or any direct or indirect parent thereof.

“Mandatory Cost” means, with respect to any period, the percentage rate per annum determined
in accordance with Schedule 1.01D.

“Master Agreement” has the meaning specified in the definition of “Swap Contract.”

“Material Adverse Change” means any event, circumstance, development, change or effect that,
individually or in the aggregate with all other events, circumstances, developments, changes and
effects, (x) is materially adverse to the business, operations, assets, condition (financial or
otherwise) or results of operations of the Company and its Subsidiaries taken as a whole, (y) has
arisen out of the operations or relates directly to the assets of the Company or its Subsidiaries
(and not the industry generally) and would reasonably be likely to be materially adverse to the
business, operations, assets, condition (financial or otherwise) or results of operations of the
Company and its Subsidiaries, taken as a whole, or (z) would reasonably be expected to prevent the
consummation of the Merger or prevent the Company from performing its obligations under the Merger
Agreement; provided, that in no event would any of the following, alone or in combination, be
deemed to constitute, nor shall any of the following be taken into account in determining whether
there has been, or will be, a “Material Adverse Change”: any event, circumstance, change or effect
resulting from or relating to (i) a change in general economic or financial market conditions, (ii)
any acts of terrorism or war (except, in the case of clauses (i) and (ii), to the extent such
event, circumstance, change or effect has had a disproportionate effect on the Company and its
Subsidiaries, taken as a whole, as compared to other persons in the industry in which the Company
and its Subsidiaries conduct their business), (iii) the announcement of the execution of the Merger
Agreement or the pendency or consummation of the Merger, or (iv) compliance with the terms of, or
the taking of any action required by, the Merger Agreement.

“Material Adverse Effect” means (a) a material adverse effect on the business, operations,
assets, liabilities (actual or contingent) or financial condition of the Company and its
Subsidiaries, taken as a whole, (b) a material adverse effect on the ability of the Borrowers or
the Loan Parties (taken as a whole) to perform their respective payment obligations under any Loan
Document to which any Borrower or any of the Loan Parties is a party or (c) a material adverse
effect on the rights and remedies of the Lenders under any Loan Document.

 

36

 

“Maturity Date” means (a) with respect to the 2013 Revolving Credit Commitments and the 2013
Revolving Credit Loans, May 11, 2013, (b) with respect to the Tranche A Term Loans and the
Incremental Term Loans, February 28, 2014, and (c) with respect to the Tranche B Term Loans,
February 28, 2016; provided, however, that such date will automatically become (i) May 15, 2013 for
the Tranche A Term Loans, the Tranche B Term Loans and the Incremental Term Loans if all the Senior
Notes are not extended, renewed or refinanced with a Permitted Refinancing on or prior to May 15,
2013, which Permitted Refinancing will not mature or require any scheduled amortization or payments
of principal prior to the date that is ninety-one (91) days after February 28, 2016, and (ii) in
the event the maturity of the Tranche B Term Loans has not been reset pursuant to clause (i) of
this proviso, May 15, 2015 for the Tranche B Term Loans if all the Senior Subordinated Notes are
not extended, renewed or refinanced with a Permitted Refinancing on or prior to May 15, 2015, which
Permitted Refinancing will not mature or require any scheduled amortization or payments of
principal prior to the date that is ninety-one (91) days after February 28, 2016.

“Maximum Rate” has the meaning specified in Section 10.10.

“Merger” means the merger of Solar Capital Corp. with SunGard pursuant to the Merger
Agreement.

“Merger Agreement” means the Agreement and Plan of Merger dated as of March 27, 2005, between
Solar Capital Corp. and SunGard.

“Merger Consideration” means the total funds required to consummate the Merger.

“Moody’s” means Moody’s Investors Service, Inc. and any successor thereto.

“Mortgage” means, collectively, the deeds of trust, trust deeds, hypothecs and mortgages made
by the Loan Parties in favor or for the benefit of the Administrative Agent on behalf of the
Lenders substantially in the form of Exhibit H (with such changes as may be customary to account
for local Law matters), and any other mortgages executed and delivered pursuant to Section 6.11.

“Mortgage Policies” has the meaning specified in Section 6.13(b)(ii).

“Mortgaged Properties” has the meaning specified in paragraph (j) of the definition of
Collateral and Guarantee Requirement.

“Multiemployer Plan” means any employee benefit plan of the type described in Section
4001(a)(3) of ERISA, to which any Loan Party or any ERISA Affiliate makes or is obligated to make
contributions, or during the preceding five plan years, has made or been obligated to make
contributions.

 

37

 

“Net Cash Proceeds” means:

with respect to the Disposition of any asset by Holdings, the Company or any Restricted
Subsidiary or any Casualty Event, the excess, if any, of (i) the sum of cash and
Cash Equivalents received in connection with such Disposition or Casualty Event
(including any cash or Cash Equivalents received by way of deferred payment pursuant to, or
by monetization of, a note receivable or otherwise, but only as and when so received and,
with respect to any Casualty Event, any insurance proceeds or condemnation awards in respect
of such Casualty Event actually received by or paid to or for the account of Holdings, the
Company or any Restricted Subsidiary) over (ii) the sum of (A) the principal amount, premium
or penalty, if any, interest and other amounts on any Indebtedness that is secured by the
asset subject to such Disposition or Casualty Event and that is required to be repaid (and
is timely repaid) in connection with such Disposition or Casualty Event (other than
Indebtedness under the Loan Documents), (B) the out-of-pocket expenses (including attorneys’
fees, investment banking fees, survey costs, title insurance premiums, and related search
and recording charges, transfer taxes, deed or mortgage recording taxes, other customary
expenses and brokerage, consultant and other customary fees) actually incurred by Holdings,
the Company or such Restricted Subsidiary in connection with such Disposition or Casualty
Event, (C) taxes paid or reasonably estimated to be actually payable in connection
therewith, and (D) any reserve for adjustment in respect of (x) the sale price of such asset
or assets established in accordance with GAAP and (y) any liabilities associated with such
asset or assets and retained by Holdings, the Company or any Restricted Subsidiary after
such sale or other disposition thereof, including pension and other post-employment benefit
liabilities and liabilities related to environmental matters or against any indemnification
obligations associated with such transaction and it being understood that “Net Cash
Proceeds” shall include any cash or Cash Equivalents (i) received upon the Disposition of
any non-cash consideration received by Holdings, the Company or any Restricted Subsidiary in
any such Disposition and (ii) upon the reversal (without the satisfaction of any applicable
liabilities in cash in a corresponding amount) of any reserve described in clause (D) of the
preceding sentence or, if such liabilities have not been satisfied in cash and such reserve
is not reversed within three hundred and sixty-five (365) days after such Disposition or
Casualty Event, the amount of such reserve; provided that (x) no net cash proceeds
calculated in accordance with the foregoing realized in a single transaction or series of
related transactions shall constitute Net Cash Proceeds unless such net cash proceeds shall
exceed $10,000,000 and (y) no such net cash proceeds shall constitute Net Cash Proceeds
under this clause (a) in any fiscal year until the aggregate amount of all such net cash
proceeds in such fiscal year shall exceed $25,000,000 (and thereafter only net cash proceeds
in excess of such amount shall constitute Net Cash Proceeds under this clause (a));

with respect to the incurrence or issuance of any Indebtedness by Holdings, the Company
or any Restricted Subsidiary, the excess, if any, of (i) the sum of the cash received in
connection with such incurrence or issuance over (ii) the investment banking fees,
underwriting discounts, commissions, costs and other out-of-pocket expenses and other
customary expenses, incurred by Holdings, the Company or such Restricted Subsidiary in
connection with such incurrence or issuance; and

with respect to any amount in excess of $750,000,000 in the aggregate outstanding under
the Receivables Facility, the excess, if any, of (x) the sum of the cash received in
connection with such excess amount over (y) the investment banking fees,
underwriting discounts, commissions, costs and other out-of-pocket expenses and other
customary expenses, incurred by Holdings, the Company or the applicable Restricted
Subsidiary in connection with respect to such excess amount.

 

38

 

“New Notes” means the Senior Notes and Senior Subordinated Notes.

“New Notes Documentation” means the New Notes, and all documents executed and delivered with
respect to the New Notes, including the Senior Notes Indenture and the Senior Subordinated Notes
Indenture.

“Non-Cash Charges” has the meaning set forth in the definition of the term “Consolidated
EBITDA”.

“Non-Consenting Lenders” has the meaning specified in Section 3.07(d).

“Nonrenewal Notice Date” has the meaning specified in Section 2.03(b)(iii).

“Note” means a U.S. Term Note, U.K. Term Note, Euro Term Note, an Incremental Term Note, or a
Revolving Credit Note, as the context may require.

“Notice of Intent to Cure” has the meaning specified in Section 6.02(b).

“Not Otherwise Applied” means, with reference to any amount of Net Cash Proceeds of any
transaction or event or of Excess Cash Flow, that such amount (a) was not required to be applied to
prepay the Loans pursuant to Section 2.05(b), and (b) was not previously applied in determining the
permissibility of a transaction under the Loan Documents where such permissibility was (or may have
been) contingent on receipt of such amount or utilization of such amount for a specified purpose.
The Company shall promptly notify the Administrative Agent of any application of such amount as
contemplated by (b) above.

“NPL” means the National Priorities List under CERCLA.

“Obligations” means all (x) advances to, and debts, liabilities, obligations, covenants and
duties of, any Loan Party and its Subsidiaries arising under any Loan Document or otherwise with
respect to any Loan or Letter of Credit, whether direct or indirect (including those acquired by
assumption), absolute or contingent, due or to become due, now existing or hereafter arising and
including interest and fees that accrue after the commencement by or against any Loan Party or
Subsidiary of any proceeding under any Debtor Relief Laws naming such Person as the debtor in such
proceeding, regardless of whether such interest and fees are allowed claims in such proceeding, (y)
obligations of any Loan Party and its Subsidiaries arising under any Secured Hedge Agreement and
(z) Cash Management Obligations. Without limiting the generality of the foregoing, the Obligations
of the Loan Parties under the Loan Documents (and of their Subsidiaries to the extent they have
obligations under the Loan Documents) include (a) the obligation (including guarantee obligations)
to pay principal, interest, Letter of Credit commissions, reimbursement obligations, charges,
expenses, fees, Attorney Costs, indemnities and other amounts payable by any Loan Party or its
Subsidiaries under any Loan Document and (b) the obligation of any Loan Party or any of its
Subsidiaries to reimburse any amount in respect
of any of the foregoing that any Lender, in its sole discretion, may elect to pay or advance
on behalf of such Loan Party or such Subsidiary.

 

39

 

“Organization Documents” means, (a) with respect to any corporation, the certificate or
articles of incorporation and the bylaws (or equivalent or comparable constitutive documents with
respect to any non-U.S. jurisdiction); (b) with respect to any limited liability company, the
certificate or articles of formation or organization and operating agreement; and (c) with respect
to any partnership, joint venture, trust or other form of business entity, the partnership, joint
venture or other applicable agreement of formation or organization and any agreement, instrument,
filing or notice with respect thereto filed in connection with its formation or organization with
the applicable Governmental Authority in the jurisdiction of its formation or organization and, if
applicable, any certificate or articles of formation or organization of such entity.

“Original Agreement” means this Agreement as amended and in effect immediately prior to the
amendment and restatement hereof on the Second Refinancing Amendment Effective Date pursuant to the
Second Refinancing Amendment.

“Original Incremental Term Loans” has the meaning assigned thereto in the First Refinancing
Amendment.

“Other Revolving Credit Commitments” means one or more Classes of revolving credit commitments
hereunder or extended Revolving Credit Commitments that result from a Refinancing Amendment.

“Other Revolving Credit Loans” means the Revolving Credit Loans made pursuant to any Other
Revolving Credit Commitment.

“Other Taxes” has the meaning specified in Section 3.01(b).

“Other Term Commitments” means one or more Classes of term loan commitments hereunder that
result from a Refinancing Amendment.

“Other Term Loans” means one or more Classes of Term Loans that result from a Refinancing
Amendment.

“Outstanding Amount” means (a) with respect to the U.S. Term Loans, U.K. Term Loans, Euro Term
Loans, Incremental Term Loans, Revolving Credit Loans and Swing Line Loans on any date, the Dollar
Amount thereof after giving effect to any borrowings and prepayments or repayments of U.S. Term
Loans, U.K. Term Loans, Euro Term Loans, Incremental Term Loans, Revolving Credit Loans (including
any refinancing of outstanding unpaid drawings under Letters of Credit or L/C Credit Extensions as
a Revolving Credit Borrowing) and Swing Line Loans, as the case may be, occurring on such date; and
(b) with respect to any L/C Obligations on any date, the Dollar Amount thereof on such date after
giving effect to any L/C Credit Extension occurring on such date and any other changes thereto as
of such date, including as a result of any reimbursements of outstanding unpaid drawings under any
Letters of Credit (including any refinancing of outstanding unpaid drawings under Letters of
Credit or L/C Credit Extensions as a Revolving Credit Borrowing) or any reductions in the
maximum amount available for drawing under Letters of Credit taking effect on such date.

 

40

 

“Overnight Rate” means, for any day, (a) with respect to any amount denominated in Dollars,
the Federal Funds Rate, and (b) with respect to any amount denominated in an Alternative Currency,
the rate of interest per annum at which overnight deposits in the applicable Alternative Currency,
in an amount approximately equal to the amount with respect to which such rate is being determined,
would be offered for such day by a branch or Affiliate of JPMorgan Chase Bank in the applicable
offshore interbank market for such currency to major banks in such interbank market.

“Overseas Borrower” means the Overseas Term Borrower or any Overseas Revolver Borrower.

“Overseas Guarantees” has the meaning set forth in the definition of “Collateral and Guarantee
Requirement”.

“Overseas Guarantors” has the meaning set forth in the definition of “Collateral and Guarantee
Requirement”.

“Overseas Revolver Borrowers” means any Qualified Foreign Subsidiary as to which an Election
to Participate shall have been delivered to the Administrative Agent in accordance with Section
2.14; provided that the status of any of the foregoing as an Overseas Revolver Borrower shall
terminate if and when an Election to Terminate is delivered to the Administrative Agent in
accordance with Section 2.14.

“Overseas Revolving Obligations” has the meaning set forth in the definition of “Collateral
and Guarantee Requirement”.

“Overseas Term Borrower” means SunGard UK Holdings Limited.

“Pari-Passu Liens” means any Lien on the Collateral granted for the benefit of the holders of
the Existing Notes that is required by the terms of the Existing Notes Indentures as a result of
the grant of security interests pursuant to any Collateral Document.

“Participant” has the meaning specified in Section 10.07(e).

“Participating Member State” means each state so described in any EMU Legislation.

“PBGC” means the Pension Benefit Guaranty Corporation.

“Pension Plan” means any “employee pension benefit plan” (as such term is defined in Section
3(2) of ERISA), other than a Multiemployer Plan, that is subject to Title IV of ERISA and is
sponsored or maintained by any Loan Party or any ERISA Affiliate or to which any Loan Party or any
ERISA Affiliate contributes or has an obligation to contribute, or in the case of a multiple
employer or other plan described in Section 4064(a) of ERISA, has made contributions at any time
during the immediately preceding five (5) plan years.

 

41

 

“Permitted Acquisition” has the meaning specified in Section 7.02(i).

“Permitted Equity Issuance” means any sale or issuance of any Qualified Equity Interests of
Holdings (and, after a Qualifying IPO, of the Company) to the extent permitted hereunder.

“Permitted First Priority Refinancing Debt” means any secured Indebtedness incurred by the
Company in the form of one or more series of senior secured notes; provided that (i) such
Indebtedness is secured by the Collateral on a pari passu basis (but without regard to the control
of remedies) with the Secured Obligations and is not secured by any property or assets of the
Company or any Subsidiary other than the Collateral, (ii) such Indebtedness constitutes Credit
Agreement Refinancing Indebtedness in respect of Term Loans (including portions of Tranches of Term
Loans or Other Term Loans), (iii) such Indebtedness does not mature or have scheduled amortization
or payments of principal prior to the date that is ninety-one (91) days after the Latest Maturity
Date at the time such Indebtedness is incurred, (iv) the security agreements relating to such
Indebtedness are substantially the same as the Collateral Documents (with such differences as are
reasonably satisfactory to the Administrative Agent), (v) such Indebtedness is not guaranteed by
any Subsidiaries other than the Subsidiary Guarantors and (vi) a Senior Representative acting on
behalf of the holders of such Indebtedness shall have become party to the First Lien Intercreditor
Agreement, provided that if such Indebtedness is the initial Permitted First Priority Refinancing
Debt incurred by the Company, then the Company, the Subsidiary Guarantors, the Administrative
Agent, the Collateral Agent and the Senior Representative for such Indebtedness shall have executed
and delivered the First Lien Intercreditor Agreement. Permitted First Priority Refinancing Debt
will include any Registered Equivalent Notes issued in exchange therefor.

“Permitted Holders” means the Equity Investors other than the Management Stockholders to the
extent that the amount of the outstanding voting stock of Holdings owned beneficially or of record
by such Management Stockholders in the aggregate at any time exceeds ten percent (10%) of the total
amount of the outstanding voting stock of Holdings at such time.

“Permitted Holdings Debt” has the meaning specified in Section 7.03(r).

“Permitted Refinancing” means, with respect to any Person, any modification, refinancing,
refunding, renewal or extension of any Indebtedness of such Person; provided that (a) the principal
amount (or accreted value, if applicable) thereof does not exceed the principal amount (or accreted
value, if applicable) of the Indebtedness so modified, refinanced, refunded, renewed or extended
except by an amount equal to unpaid accrued interest and premium thereon plus other reasonable
amount paid, and fees and expenses reasonably incurred, in connection with such modification,
refinancing, refunding, renewal or extension and by an amount equal to any existing commitments
unutilized thereunder, (b) other than with respect to a Permitted Refinancing in respect of
Indebtedness permitted pursuant to Section 7.03(e), such modification, refinancing, refunding,
renewal or extension has a final maturity date equal to or later than the final maturity date of,
and has a Weighted Average Life to Maturity equal to or greater than the Weighted Average Life to
Maturity of, the Indebtedness being modified, refinanced, refunded, renewed or extended, (c) other
than with respect to a Permitted Refinancing in respect of Indebtedness permitted pursuant to
Section 7.03(e), at the time thereof, no Event

 

42

 

of Default shall have occurred and be continuing, and (d) if such Indebtedness being modified, refinanced,
refunded, renewed or extended is Indebtedness permitted pursuant to Section 7.03(b), 7.03(v) or
7.13(a), (i) to the extent such Indebtedness being modified, refinanced, refunded, renewed or
extended is subordinated in right of payment to the Obligations, such modification, refinancing,
refunding, renewal or extension is subordinated in right of payment to the Obligations on terms at
least as favorable to the Lenders as those contained in the documentation governing the
Indebtedness being modified, refinanced, refunded, renewed or extended, (ii) the terms and
conditions (including, if applicable, as to collateral but excluding as to subordination, interest
rate and redemption premium) of any such modified, refinanced, refunded, renewed or extended
Indebtedness, taken as a whole, are not materially less favorable to the Loan Parties or the
Lenders than the terms and conditions of the Indebtedness being modified, refinanced, refunded,
renewed or extended; provided that a certificate of a Responsible Officer delivered to the
Administrative Agent at least five Business Days prior to the incurrence of such Indebtedness,
together with a reasonably detailed description of the material terms and conditions of such
Indebtedness or drafts of the documentation relating thereto, stating that the Company has
determined in good faith that such terms and conditions satisfy the foregoing requirement shall be
conclusive evidence that such terms and conditions satisfy the foregoing requirement unless the
Administrative Agent notifies the Company within such five Business Day period that it disagrees
with such determination (including a reasonable description of the basis upon which it disagrees)
and (iii) such modification, refinancing, refunding, renewal or extension is incurred by the Person
who is the obligor of the Indebtedness being modified, refinanced, refunded, renewed or extended.

“Permitted Second Priority Refinancing Debt” means secured Indebtedness incurred by the
Company in the form of one or more series of second lien secured notes or second lien secured
loans; provided that (i) such Indebtedness is secured by the Collateral on a second lien,
subordinated basis to the Secured Obligations and the obligations in respect of any Permitted First
Priority Refinancing Debt and is not secured by any property or assets of the Company or any
Subsidiary other than the Collateral; (ii) such Indebtedness constitutes Credit Agreement
Refinancing Indebtedness in respect of Term Loans (including portions of Tranches of Term Loans or
Other Term Loans), (iii) such Indebtedness does not mature or have scheduled amortization or
payments of principal prior to the date that is ninety-one (91) days after the Latest Maturity Date
at the time such Indebtedness is incurred, (iv) the security agreements relating to such
Indebtedness are substantially the same as the Collateral Documents (with such differences as are
reasonably satisfactory to the Administrative Agent), (v) such Indebtedness is not guaranteed by
any Subsidiaries other than the Subsidiary Guarantors and (vi) a Senior Representative acting on
behalf of the holders of such Indebtedness shall have become party to the Second Lien Intercreditor
Agreement, provided that if such Indebtedness is the initial Permitted Second Priority Refinancing
Debt incurred by the Company, then the Company, the Subsidiary Guarantors, the Administrative
Agent, the Collateral Agent and the Senior Representatives for such Indebtedness shall have
executed and delivered the Second Lien Intercreditor Agreement. Permitted Second Priority
Refinancing Debt will include any Registered Equivalent Notes issued in exchange therefor.

 

43

 

“Permitted Unsecured Refinancing Debt” means unsecured Indebtedness incurred by the Company in
the form of one or more series of senior unsecured notes or loans; provided that (i) such
Indebtedness constitutes Credit Agreement Refinancing Indebtedness in
respect of Term Loans (including portions of Tranches of Term Loans or Other Term Loans),
(iii) such Indebtedness does not mature or have scheduled amortization or payments of principal
prior to the date that is ninety-one (91) days after the Latest Maturity Date at the time such
Indebtedness is incurred, (iv) such Indebtedness is not guaranteed by any Subsidiaries other than
the Subsidiary Guarantors, and (v) such Indebtedness is not secured by any Lien or any property or
assets of the Company or any Subsidiary. Permitted Unsecured Refinancing Debt will include any
Registered Equivalent Notes issued in exchange therefor.

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

“Plan” means any “employee benefit plan” (as such term is defined in Section 3(3) of ERISA)
established by any Loan Party or, with respect to any such plan that is subject to Section 412 of
the Code or Title IV of ERISA, any ERISA Affiliate.

“Pledged Debt” has the meaning specified in the Security Agreement.

“Pledged Equity” has the meaning specified in the Security Agreement.

“Post-Acquisition Period” means, with respect to any Permitted Acquisition, the period
beginning on the date such Permitted Acquisition is consummated and ending on the last day of the
sixth full consecutive fiscal quarter immediately following the date on which such Permitted
Acquisition is consummated.

“Post-Transaction Period” means, with respect to the Transaction, the period beginning on the
Closing Date and ending on the last day of the fourth full consecutive fiscal quarter immediately
following the Closing Date.

“Principal L/C Issuer” means any L/C Issuer that has issued Letters of Credit having an
aggregate Outstanding Amount in excess of $10,000,000.

“Pro Forma Adjustment” means, for any Test Period that includes all or any part of a fiscal
quarter included in any Post-Acquisition Period, with respect to the Acquired EBITDA of the
applicable Acquired Entity or Business or the Consolidated EBITDA of the Company, the pro forma
increase or decrease in such Acquired EBITDA or such Consolidated EBITDA, as the case may be,
projected by the Company in good faith as a result of (a) actions taken during such
Post-Acquisition Period for the purposes of realizing reasonably identifiable and factually
supportable cost savings or (b) any additional costs incurred during such Post-Acquisition Period,
in each case in connection with the combination of the operations of such Acquired Entity or
Business with the operations of the Company and the Restricted Subsidiaries; provided that, so long
as such actions are taken during such Post-Acquisition Period or such costs are incurred during
such Post-Acquisition Period, as applicable, the cost savings related to such actions or such
additional costs, as applicable, it may be assumed, for purposes of projecting such pro forma
increase or decrease to such Acquired EBITDA or such Consolidated EBITDA, as the case may be, that
such cost savings will be realizable during the entirety of such Test Period, or such additional
costs, as applicable, will be incurred during the entirety of such Test Period; provided further
that any such pro forma increase or decrease to such Acquired EBITDA or such Consolidated EBITDA,
as the case may be, shall be without duplication for
cost savings or additional costs already included in such Acquired EBITDA or such Consolidated
EBITDA, as the case may be, for such Test Period.

 

44

 

“Pro Forma Balance Sheet” has the meaning set forth in Section 5.05(a)(ii).

“Pro Forma Basis”, “Pro Forma Compliance” and “Pro Forma Effect” mean, with respect to
compliance with any test or covenant hereunder, that (A) to the extent applicable, the Pro Forma
Adjustment shall have been made and (B) all Specified Transactions and the following transactions
in connection therewith shall be deemed to have occurred as of the first day of the applicable
period of measurement in such test or covenant: (a) income statement items (whether positive or
negative) attributable to the property or Person subject to such Specified Transaction, (i) in the
case of a Disposition of all or substantially all Equity Interests in any Subsidiary of the Company
or any division, product line, or facility used for operations of the Company or any of its
Subsidiaries, shall be excluded, and (ii) in the case of a Permitted Acquisition or Investment
described in the definition of “Specified Transaction”, shall be included, (b) any retirement of
Indebtedness, and (c) any Indebtedness incurred or assumed by the Company or any of the Restricted
Subsidiaries in connection therewith and if such Indebtedness has a floating or formula rate, shall
have an implied rate of interest for the applicable period for purposes of this definition
determined by utilizing the rate which is or would be in effect with respect to such Indebtedness
as at the relevant date of determination; provided that, without limiting the application of the
Pro Forma Adjustment pursuant to (A) above, the foregoing pro forma adjustments may be applied to
any such test or covenant solely to the extent that such adjustments are consistent with the
definition of Consolidated EBITDA and give effect to events (including operating expense
reductions) that are (i) (x) directly attributable to such transaction, (y) expected to have a
continuing impact on the Company and the Restricted Subsidiaries and (z) factually supportable or
(ii) otherwise consistent with the definition of Pro Forma Adjustment.

“Pro Forma Financial Statements” has the meaning set forth in Section 5.05(a)(ii).

“Pro Rata Share” means, with respect to each Lender at any time a fraction (expressed as a
percentage, carried out to the ninth decimal place), the numerator of which is the amount of the
Commitments of such Lender under the applicable Facility or Facilities at such time and the
denominator of which is the amount of the Aggregate Commitments under the applicable Facility or
Facilities at such time; provided that if such Commitments have been terminated, then the Pro Rata
Share of each Lender shall be determined based on the Pro Rata Share of such Lender immediately
prior to such termination and after giving effect to any subsequent assignments made pursuant to
the terms hereof.

“Projections” shall have the meaning set forth in Section 6.01(c).

“Qualified Equity Interests” means any Equity Interests that are not Disqualified Equity
Interests.

“Qualified Foreign Subsidiary” means any Restricted Subsidiary of the Company (other than any
Excluded Subsidiary) that satisfies the following criteria: (a) the
jurisdiction of organization or incorporation of such Subsidiary is England or Wales, and (b)
such Subsidiary is a wholly owned Subsidiary of the Company.

 

45

 

“Qualifying IPO” means the issuance by Holdings, any direct or indirect parent of Holdings or
the Company of its common Equity Interests in an underwritten primary public offering (other than a
public offering pursuant to a registration statement on Form S-8) pursuant to an effective
registration statement filed with the SEC in accordance with the Securities Act (whether alone or
in connection with a secondary public offering).

“Receivables Facility” means the trade receivables commercial paper co-purchase conduit
facility of the Company entered into on the Closing Date, together with any other receivables
financings of Holdings, the Company or any of its Subsidiaries and any modification, refinancing,
refunding, renewal or extension of, increase to or incremental financing under, any of the
foregoing.

“Receivables Facility Shortfall Amount” means $125,000,000; provided that the Receivables
Facility Shortfall Amount shall be permanently reduced by the amount of any increase in the amount
of the Receivables Facility after the Closing Date.

“Receivables Subsidiary” means SunGard Financing LLC, SunGard Funding LLC, SunGard Funding II
LLC and any other direct or indirect Subsidiary of Holdings established in connection with the
Receivables Facility which is not permitted by the terms of the Receivables Facility to guarantee
the Obligations.

“Refinanced Euro Term Loans” has the meaning specified in Section 10.01.

“Refinanced U.K. Term Loans” has the meaning specified in Section 10.01.

“Refinanced U.S. Term Loans” has the meaning specified in Section 10.01.

“Refinancing Amendment” means an amendment to this Agreement in form and substance reasonably
satisfactory to the Administrative Agent and the Company executed by each of (a) the Company, the
Overseas Borrowers and Holdings (b) the Administrative Agent and (c) each Additional Lender and
Lender that agrees to provide any portion of the Credit Agreement Refinancing Indebtedness being
incurred pursuant thereto, in accordance with Section 2.18.

“Register” has the meaning set forth in Section 10.07(d).

“Registered Equivalent Notes” means, with respect to any notes originally issued in a Rule
144A or other private placement transaction under the Securities Act of 1933, substantially
identical notes (having the same Guarantees) issued in a dollar for dollar exchange therefor
pursuant to an exchange offer registered with the SEC.

“Replacement Euro Term Loans” has the meaning specified in Section 10.01.

“Replacement U.K. Term Loans” has the meaning specified in Section 10.01.

 

46

 

“Replacement U.S. Term Loans” has the meaning specified in Section 10.01.

“Reportable Event” means any of the events set forth in Section 4043(c) of ERISA or the
regulations issued thereunder, other than events for which the thirty (30) day notice period has
been waived.

“Request for Credit Extension” means (a) with respect to a Borrowing, conversion or
continuation of U.S. Term Loans, U.K. Term Loans, Euro Term Loans, or Incremental Term Loans or
Revolving Credit Loans, a Committed Loan Notice, (b) with respect to an L/C Credit Extension, a
Letter of Credit Application, and (c) with respect to a Swing Line Loan, a Swing Line Loan Notice.

“Required Lenders” means, as of any date of determination, Lenders having more than 50% of the
sum of the (a) Total Outstandings (with the aggregate Dollar Amount of each Lender’s risk
participation and funded participation in L/C Obligations and Swing Line Loans being deemed “held”
by such Lender for purposes of this definition), (b) aggregate unused Revolving Credit Commitments
and (c) aggregate unused Incremental Term Commitments; provided that the unused Revolving Credit
Commitment of, and the portion of the Total Outstandings held or deemed held by, any Defaulting
Lender shall be excluded for purposes of making a determination of Required Lenders.

“Responsible Officer” means the chief executive officer, president, vice president, chief
financial officer, treasurer or assistant treasurer or other similar officer of a Loan Party and,
as to any document delivered on the Closing Date, any secretary or assistant secretary of a Loan
Party. Any document delivered hereunder that is signed by a Responsible Officer of a Loan Party
shall be conclusively presumed to have been authorized by all necessary corporate, partnership
and/or other action on the part of such Loan Party and such Responsible Officer shall be
conclusively presumed to have acted on behalf of such Loan Party.

“Restatement Effective Date” shall mean the Amendment Effective Date as defined in the
Amendment and Restatement Agreement.

“Restricted Payment” means any dividend or other distribution (whether in cash, securities or
other property) with respect to any Equity Interest of Holdings, the Company or any Restricted
Subsidiary, or any payment (whether in cash, securities or other property), including any sinking
fund or similar deposit, on account of the purchase, redemption, retirement, defeasance,
acquisition, cancellation or termination of any such Equity Interest, or on account of any return
of capital to Holdings or the Company’s stockholders, partners or members (or the equivalent
Persons thereof).

“Restricted Subsidiary” means any Subsidiary of the Company other than an Unrestricted
Subsidiary.

“Revolving Commitment Increase” has the meaning set forth in Section 2.15(a).

“Revolving Commitment Increase Lender” has the meaning set forth in Section 2.15(a).

 

47

 

“Revolving Credit Borrowing” means a Dollar Revolving Credit Borrowing or an Alternative
Currency Revolving Credit Borrowing.

“Revolving Credit Commitment” means a 2013 Dollar Revolving Credit Commitment or a 2013
Multicurrency Revolving Credit Commitment.

“Revolving Credit Exposure” means, as to each Revolving Credit Lender, the sum of its Dollar
Revolving Credit Exposure and its Alternative Currency Revolving Credit Exposure.

“Revolving Credit Facility” means, at any time, the aggregate Dollar Amount of the Revolving
Credit Lenders’ Revolving Credit Commitments at such time.

“Revolving Credit Lenders” means the collective reference to the 2013 Dollar Revolving Credit
Lenders and the 2013 Multicurrency Revolving Credit Lenders.

“Revolving Credit Loans” means the collective reference to the Dollar Revolving Credit Loans
and the Alternative Currency Revolving Credit Loans.

“Revolving Credit Note” means a promissory note of a Borrower payable to any Revolving Credit
Lender or its registered assigns, in substantially the form of Exhibit C-4 hereto, evidencing the
aggregate Indebtedness of such Borrower to such Revolving Credit Lender resulting from the
Revolving Credit Loans made by such Revolving Credit Lender.

“Rollover Amount” has the meaning set forth in Section 7.16(b).

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

“Same Day Funds” means (a) with respect to disbursements and payments in Dollars, immediately
available funds, and (b) with respect to disbursements and payments in an Alternative Currency,
same day or other funds as may be determined by the Administrative Agent to be customary in the
place of disbursement or payment for the settlement of international banking transactions in the
relevant Alternative Currency.

“SEC” means the Securities and Exchange Commission, or any Governmental Authority succeeding
to any of its principal functions.

“Second Lien Intercreditor Agreement” means the Second Lien Intercreditor Agreement
substantially in the form of Exhibit O among the Administrative Agent, the Collateral Agent and one
or more Senior Representatives for holders of Permitted Second Priority Refinancing Debt, with such
modifications thereto as the Administrative Agent may reasonably agree.

“Second Refinancing Amendment” means the Second Refinancing and Incremental Amendment to this
Agreement dated as of March 11, 2011, among Holdings, the Borrowers, the Revolving Credit Lenders
party thereto and the Administrative Agent.

 

48

 

“Second Refinancing Amendment Effective Date” has the meaning assigned thereto in the Second
Refinancing Amendment.

“Secured Hedge Agreement” means any Swap Contract permitted under Article 7 that is entered
into by and between any Loan Party or any Restricted Subsidiary and any Hedge Bank.

“Secured Obligations” has the meaning specified in the Security Agreement.

“Secured Parties” means, collectively, the Administrative Agent, the Lenders, the Hedge Banks,
the Supplemental Administrative Agent and each co-agent or sub-agent appointed by the
Administrative Agent from time to time pursuant to Section 9.01(c).

“Securities Act” means the Securities Act of 1933.

“Security Agreement” means, collectively, the Security Agreement executed by the Loan Parties,
substantially in the form of Exhibit G, together with each other security agreement supplement
executed and delivered pursuant to Section 6.11.

“Security Agreement Supplement” has the meaning specified in the Security Agreement.

“Senior Notes” means, collectively, (a) $1,600,000,000 in aggregate principal amount of the
Company’s 9.125% senior unsecured notes due 2013 and (b) $400,000,000 in aggregate principal amount
of the Company’s floating rate senior unsecured notes due 2013.

“Senior Notes Indenture” means the Indenture for the Senior Notes, dated as of August 11,
2005.

“Senior Subordinated Notes” means $1,000,000,000 in aggregate principal amount of the
Company’s 10.25% senior subordinated notes due 2015.

“Senior Subordinated Notes Indenture” means the Indenture for the Senior Subordinated Notes,
dated as of August 11, 2005.

“Senior Representative” means, with respect to any series of Permitted First Priority
Refinancing Debt or Permitted Second Priority Refinancing Debt, the trustee, administrative agent,
collateral agent, security agent or similar agent under the indenture or agreement pursuant to
which such Indebtedness is issued, incurred or otherwise obtained, as the case may be, and each of
their successors in such capacities.

“Sold Entity or Business” has the meaning set forth in the definition of the term
“Consolidated EBITDA”.

 

49

 

“Solvent” and “Solvency” mean, with respect to any Person on any date of determination, that
on such date (a) the fair value of the property of such Person is greater than the total amount of
liabilities, including contingent liabilities, of such Person, (b) the present fair salable value
of the assets of such Person is not less than the amount that will be required to pay
the probable liability of such Person on its debts as they become absolute and matured, (c)
such Person does not intend to, and does not believe that it will, incur debts or liabilities
beyond such Person’s ability to pay such debts and liabilities as they mature and (d) such Person
is not engaged in business or a transaction, and is not about to engage in business or a
transaction, for which such Person’s property would constitute an unreasonably small capital. The
amount of contingent liabilities at any time shall be computed as the amount that, in the light of
all the facts and circumstances existing at such time, represents the amount that can reasonably be
expected to become an actual or matured liability.

“SPC” has the meaning specified in Section 10.07(h).

“Specified Transaction” means, with respect to any period, any Investment, Disposition,
incurrence or repayment of Indebtedness, Restricted Payment, Subsidiary designation, Incremental
Term Loan or Revolving Commitment Increase that by the terms of this Agreement requires “Pro Forma
Compliance” with a test or covenant hereunder or requires such test or covenant to be calculated on
a “Pro Forma Basis”.

“Sponsors” means Silver Lake Partners, Bain Capital Partners, LLC, Goldman Sachs Capital
Partners, Kohlberg Kravis Roberts & Co., Providence Equity Partners Inc., Texas Pacific Group, The
Blackstone Group, and their Affiliates, but not including, however, any portfolio companies of any
of the foregoing.

“Sponsor Management Agreement” means the Management Agreement between certain of the
management companies associated with the Sponsors and the Company.

“Sponsor Termination Fees” means the one-time payment under the Sponsor Management Agreement
of a termination fee to one or more of the Sponsors and their Affiliates in the event of either a
Change of Control or the completion of a Qualifying IPO.

“Sterling” and “£” means the lawful currency of the United Kingdom.

“Subsidiary” of a Person means a corporation, partnership, joint venture, limited liability
company or other business entity of which a majority of the shares of securities or other interests
having ordinary voting power for the election of directors or other governing body (other than
securities or interests having such power only by reason of the happening of a contingency) are at
the time beneficially owned, or the management of which is otherwise controlled, directly, or
indirectly through one or more intermediaries, or both, by such Person. Unless otherwise
specified, all references herein to a “Subsidiary” or to “Subsidiaries” shall refer to a Subsidiary
or Subsidiaries of the Company.

“Subsidiary Guarantor” means, collectively, the Subsidiaries of the Company that are
Guarantors.

“Subsidiary Guaranty” means, collectively, (a) the Subsidiary Guaranty made by the Subsidiary
Guarantors that are U.S. Guarantors in favor of the Administrative Agent on behalf of the Secured
Parties, substantially in the form of Exhibit F-2, (b) the Subsidiary Guaranty made by the
Subsidiary Guarantors that are Overseas Guarantors in favor of the
Administrative Agent on behalf of the Secured Parties, substantially in the form of Exhibit
F-3 and (c) each other guaranty and guaranty supplement delivered pursuant to Section 6.11.

 

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“Successor Company” has the meaning specified in Section 7.04(d).

“SunGard” has the meaning specified in the introductory paragraph to this Agreement.

“Supplemental Administrative Agent” has the meaning specified in Section 9.13 and
“Supplemental Administrative Agents” shall have the corresponding meaning.

“Swap Contract” means (a) any and all rate swap transactions, basis swaps, credit derivative
transactions, forward rate transactions, commodity swaps, commodity options, forward commodity
contracts, equity or equity index swaps or options, bond or bond price or bond index swaps or
options or forward bond or forward bond price or forward bond index transactions, interest rate
options, forward foreign exchange transactions, cap transactions, floor transactions, collar
transactions, currency swap transactions, cross-currency rate swap transactions, currency options,
spot contracts, or any other similar transactions or any combination of any of the foregoing
(including any options to enter into any of the foregoing), whether or not any such transaction is
governed by or subject to any master agreement, and (b) any and all transactions of any kind, and
the related confirmations, which are subject to the terms and conditions of, or governed by, any
form of master agreement published by the International Swaps and Derivatives Association, Inc.,
any International Foreign Exchange Master Agreement, or any other master agreement (any such master
agreement, together with any related schedules, a “Master Agreement”), including any such
obligations or liabilities under any Master Agreement.

“Swap Termination Value” means, in respect of any one or more Swap Contracts, after taking
into account the effect of any legally enforceable netting agreement relating to such Swap
Contracts, (a) for any date on or after the date such Swap Contracts have been closed out and
termination value(s) determined in accordance therewith, such termination value(s), and (b) for any
date prior to the date referenced in clause (a), the amount(s) determined as the mark-to-market
value(s) for such Swap Contracts, as determined based upon one or more mid-market or other readily
available quotations provided by any recognized dealer in such Swap Contracts (which may include a
Lender or any Affiliate of a Lender).

“Swing Line Borrowing” means a borrowing of a Swing Line Loan pursuant to Section 2.04.

“Swing Line Facility” means the revolving credit facility made available by the Swing Line
Lender pursuant to Section 2.04.

“Swing Line Lender” means JPMorgan Chase Bank, in its capacity as provider of Swing Line
Loans, or any successor swing line lender hereunder.

“Swing Line Loan” has the meaning specified in Section 2.04(a).

 

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“Swing Line Loan Notice” means a notice of a Swing Line Borrowing pursuant to Section 2.04(b),
which, if in writing, shall be substantially in the form of Exhibit B.

“Swing Line Obligations” means, as at any date of determination, the aggregate principal
amount of all Swing Line Loans outstanding.

“Swing Line Sublimit” means an amount equal to the lesser of (a) $20,000,000 and (b) the
aggregate Dollar Amount of the Revolving Credit Commitments. The Swing Line Sublimit is part of,
and not in addition to, the Revolving Credit Commitments.

“TARGET Day” means any day on which the Trans-European Automated Real-time Gross Settlement
Express Transfer (TARGET) payment system (or, if such payment system ceases to be operative, such
other payment system (if any) determined by the Administrative Agent to be a suitable replacement)
is open for the settlement of payments in Euro.

“Taxes” has the meaning specified in Section 3.01(a).

“Term Borrowing” means a borrowing consisting of simultaneous Term Loans of the same Type and
currency and, in the case of Eurocurrency Rate Loans, having the same Interest Period made by each
of the Term Lenders pursuant to Section 2.01.

“Term Commitment” means a U.S. Term Commitment, a U.K. Term Commitment, a Euro Term
Commitment, or an Incremental Term Commitment, as the context may require.

“Term Lender” means a U.S. Term Lender, a U.K. Term Lender, a Euro Term Lender or an
Incremental Term Lender, as the context may require.

“Term Loan” means a U.S. Term Loan, a U.K. Term Loan, a Euro Term Loan, an Incremental Term
Loan, or an Other Term Loan, as the context may require.

“Term Note” means a U.S. Term Note, U.K. Term Note, a Euro Term Note, or an Incremental Term
Note, as the context may require.

“Test Period” means, for any determination under this Agreement, the four consecutive fiscal
quarters of the Company then last ended.

“Threshold Amount” means $50,000,000.

“Total Leverage Ratio” means, with respect to any Test Period, the ratio of (a) Consolidated
Total Debt as of the last day of such Test Period to (b) Consolidated EBITDA for such Test Period.

“Total Outstandings” means the aggregate Outstanding Amount of all Loans and all L/C
Obligations.

 

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“Tranche” means a category of Commitments or Credit Extensions thereunder. For purposes
hereof, each of the following comprises a separate Tranche: (a) the unused
Revolving Credit Commitments, (b) the outstanding Dollar Revolving Credit Loans and L/C
Obligations in respect of Dollar Letters of Credit, (c) the outstanding Alternative Currency
Revolving Credit Loans and L/C Obligations in respect of Alternative Currency Letters of Credit,
(d) the outstanding Tranche A U.S. Term Loans, (e) the outstanding Tranche B U.S. Term Loans, (f)
the outstanding Tranche A U.K. Term Loans, (g) the outstanding Tranche B U.K. Term Loans, (h) the
outstanding Tranche A Euro Term Loans, (i) the outstanding Tranche B Euro Term Loans and (j) the
outstanding Incremental Term Loans.

“Tranche A Euro Term Lender” means at any time, any Lender that has a Tranche A Euro Term Loan
at such time.

“Tranche A Euro Term Loan” means a Tranche A Euro Term Loan made pursuant to Section 2.01(c).
The Tranche A Euro Term Loans are the Euro Term Loans that were made pursuant to the First
Amendment and outstanding hereunder immediately prior to the Restatement Effective Date that were
not converted into Tranche B Euro Term Loans on the Restatement Effective Date.

“Tranche A Term Loans” means, collectively, the Tranche A U.S. Term Loans, the Tranche A U.K.
Term Loans and the Tranche A Euro Term Loans.

“Tranche A U.K. Term Lender” means at any time, any Lender that has a Tranche A U.K. Term Loan
at such time.

“Tranche A U.K. Term Loan” means a Tranche A U.K. Term Loan made pursuant to Section 2.01(b).
The Tranche A U.K. Term Loans are the U.K. Term Loans that were made pursuant to the First
Amendment and outstanding hereunder immediately prior to the Restatement Effective Date that were
not converted into Tranche B U.K. Term Loans on the Restatement Effective Date.

“Tranche A U.S. Term Lender” means at any time, any Lender that has a Tranche A U.S. Term Loan
at such time.

“Tranche A U.S. Term Loan” means a Tranche A U.S. Term Loan made pursuant to Section 2.01(a).
The Tranche A U.S. Term Loans are the U.S. Term Loans that were made pursuant to the First
Amendment and outstanding hereunder immediately prior to the Restatement Effective Date that were
not converted into Tranche B U.S. Term Loans on the Restatement Effective Date.

“Tranche B Euro Term Commitment” means, as to each Tranche B Euro Term Lender, its obligation
convert all or a portion of its existing Euro Term Loan into a Tranche B Euro Term Loan hereunder
pursuant to the Amendment and Restatement Agreement on the Restatement Effective Date. The amount
of each Tranche B Euro Term Lender’s Tranche B Euro Term Commitment is set forth on Schedule 2.01
under the caption “Tranche B Euro Term Commitment”. The aggregate amount of the Tranche B Euro
Term Commitments on the Restatement Effective Date is €119,904,068.

“Tranche B Euro Term Lender” means at any time, any Lender that has a Tranche B Euro Term
Commitment or a Tranche B Euro Term Loan at such time.

 

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“Tranche B Euro Term Loan” means a Tranche B Euro Term Loan made pursuant to Section 2.01(c).

“Tranche B Term Loans” means, collectively, the Tranche B U.S. Term Loans, the Tranche B U.K.
Term Loans and the Tranche B Euro Term Loans.

“Tranche B U.K. Term Commitment” means, as to each Tranche B U.K. Term Lender, its obligation
convert all or a portion of its existing U.K. Term Loan into a Tranche B U.K. Term Loan hereunder
pursuant to the Amendment and Restatement Agreement on the Restatement Effective Date. The amount
of each Tranche B U.K. Term Lender’s Tranche B U.K. Term Commitment is set forth on Schedule 2.01
under the caption “Tranche B U.K. Term Commitment”. The aggregate amount of the Tranche B U.K.
Term Commitments on the Restatement Effective Date is £40,082,119.

“Tranche B U.K. Term Lender” means at any time, any Lender that has a Tranche B U.K. Term
Commitment or a Tranche B U.K. Term Loan at such time.

“Tranche B U.K. Term Loan” means a Tranche B U.K. Term Loan made pursuant to Section 2.01(b).

“Tranche B U.S. Term Commitment” means, as to each Tranche B U.S. Term Lender, its obligation
convert all or a portion of its existing U.S. Term Loan into a Tranche B U.S. Term Loan hereunder
pursuant to the Amendment and Restatement Agreement on the Restatement Effective Date. The amount
of each Tranche B U.S. Term Lender’s Tranche B U.S. Term Commitment is set forth on Schedule 2.01
under the caption “Tranche B U.S. Term Commitment”. The aggregate amount of the Tranche B U.S.
Term Commitments on the Restatement Effective Date is $2,500,000,000.

“Tranche B U.S. Term Lender” means at any time, any Lender that has a Tranche B U.S. Term
Commitment or a Tranche B U.S. Term Loan at such time.

“Tranche B U.S. Term Loan” means a Tranche B U.S. Term Loan made pursuant to Section 2.01(a).

“Transaction” means, collectively, (a) the Equity Contributions, (b) the Merger, (c) the
issuance of the New Notes, (d) the funding of the Term Loans and up to $250,000,000 of Revolving
Credit Loans on the Closing Date, (e) the funding of the Receivables Facility on the Closing Date,
(f) the consummation of any other transactions in connection with the foregoing, and (g) the
payment of the fees and expenses incurred in connection with any of the foregoing.

“Transaction Documents” means the Merger Agreement and all other material documents,
instruments and certificates contemplated by the Merger Agreement.

“Transaction Expenses” means any fees or expenses incurred or paid by Holdings, the Company or
any Restricted Subsidiary in connection with the Transaction, this Agreement and the other Loan
Documents and the transactions contemplated hereby and thereby.

 

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“Type” means, with respect to a Loan denominated in Dollars, its character as a Base Rate Loan
or a Eurocurrency Rate Loan.

“U.K. Loan Party” means any Loan Party incorporated or organized in England or Wales.

“U.K. Term Commitment” means the Tranche B U.K. Term Commitments.

“U.K. Term Lender” means, collectively, the Tranche A U.K. Term Lenders and the Tranche B U.K.
Term Lenders.

“U.K. Term Loan” means, collectively, the Tranche A U.K. Term Loans and the Tranche B U.K.
Term Loans. References to “U.K. Term Loans” existing prior to the Restatement Effective Date refer
to the U.K. Term Loans made pursuant to the First Amendment.

“U.K. Term Note” means a promissory note of the Overseas Term Borrower payable to any U.K.
Term Lender or its registered assigns, in substantially the form of Exhibit C-2 hereto, evidencing
the aggregate Indebtedness of the Overseas Term Borrower to such U.K. Term Lender resulting from
the U.K. Term Loans made by such U.K. Term Lender.

“Unaudited Financial Statements” has the meaning set forth in Section 4.01(f).

“Uniform Commercial Code” means the Uniform Commercial Code as the same may from time to time
be in effect in the State of New York or the Uniform Commercial Code (or similar code or statute)
of another jurisdiction, to the extent it may be required to apply to any item or items of
Collateral.

“United States” and “U.S.” mean the United States of America.

“Unreimbursed Amount” has the meaning set forth in Section 2.03(c)(i).

“Unrestricted Subsidiary” means (i) each Subsidiary of the Company listed on Schedule 1.01C
and (ii) any Subsidiary of the Company designated by the board of directors of Holdings as an
Unrestricted Subsidiary pursuant to Section 6.15 subsequent to the date hereof.

“U.S. Guarantees” has the meaning set forth in the definition of “Collateral and Guarantee
Requirement”.

“U.S. Guarantor” has the meaning set forth in the definition of “Collateral and Guarantee
Requirement”.

“U.S. Lender” has the meaning set forth in Section 10.15(b).

“U.S. Term Commitments” means the Tranche B U.S. Term Commitments.

“U.S. Term Lenders” means, collectively, the Tranche A U.S. Term Lenders and the Tranche B
U.S. Term Lenders.

 

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“U.S. Term Loans” means, collectively, the Tranche A U.S. Term Loans and the Tranche B U.S.
Term Loans. References to “U.S. Term Loans” existing prior to the Restatement Effective Date refer
to the U.S. Term Loans made pursuant to the First Amendment.

“U.S. Term Note” means a promissory note of the Company payable to any U.S. Term Lender or its
registered assigns, in substantially the form of Exhibit C-1 hereto, evidencing the aggregate
Indebtedness of the Company to such U.S. Term Lender resulting from the U.S. Term Loans made by
such U.S. Term Lender.

“Weighted Average Life to Maturity” means, when applied to any Indebtedness at any date, the
number of years obtained by dividing: (i) the sum of the products obtained by multiplying (a) the
amount of each then remaining installment, sinking fund, serial maturity or other required payments
of principal, including payment at final maturity, in respect thereof, by (b) the number of years
(calculated to the nearest one-twelfth) that will elapse between such date and the making of such
payment; by (ii) the then outstanding principal amount of such Indebtedness.

“wholly owned” means, with respect to a Subsidiary of a Person, a Subsidiary of such Person
all of the outstanding Equity Interests of which (other than (x) director’s qualifying shares and
(y) shares issued to foreign nationals to the extent required by applicable Law) are owned by such
Person and/or by one or more wholly owned Subsidiaries of such Person.

SECTION 1.02. Other Interpretive Provisions. With reference to this Agreement and
each other Loan Document, unless otherwise specified herein or in such other Loan Document:

(a) The meanings of defined terms are equally applicable to the singular and plural forms of
the defined terms.

(b) (a) The words “herein,” “hereto,” “hereof” and “hereunder” and words of similar import
when used in any Loan Document shall refer to such Loan Document as a whole and not to any
particular provision thereof.

(b) Article, Section, Exhibit and Schedule references are to the Loan Document in
which such reference appears.

(c) The term “including” is by way of example and not limitation.

(d) The term “documents” includes any and all instruments, documents, agreements,
certificates, notices, reports, financial statements and other writings, however evidenced,
whether in physical or electronic form.

(c) In the computation of periods of time from a specified date to a later specified date,
the word “from” means “from and including;” the words “to” and “until” each mean “to but
excluding;” and the word “through” means “to and including.”

 

56

 

(d) Section headings herein and in the other Loan Documents are included for convenience of
reference only and shall not affect the interpretation of this Agreement or any other Loan
Document.

SECTION 1.03. Accounting Terms. (a) All accounting terms not specifically or
completely defined herein shall be construed in conformity with, and all financial data (including
financial ratios and other financial calculations) required to be submitted pursuant to this
Agreement shall be prepared in conformity with, GAAP, applied in a manner consistent with that used
in preparing the Audited Financial Statements, except as otherwise specifically prescribed herein.

(b) Notwithstanding anything to the contrary herein, for purposes of determining compliance
with any test or covenant contained in this Agreement with respect to any period during which any
Specified Transaction occurs, the Total Leverage Ratio and Interest Coverage Ratio shall be
calculated with respect to such period and such Specified Transaction on a Pro Forma Basis.

SECTION 1.04. Rounding. Any financial ratios required to be maintained by the
Company pursuant to this Agreement (or required to be satisfied in order for a specific action to
be permitted under this Agreement) shall be calculated by dividing the appropriate component by the
other component, carrying the result to one place more than the number of places by which such
ratio is expressed herein and rounding the result up or down to the nearest number (with a
rounding-up if there is no nearest number).

SECTION 1.05. References to Agreements, Laws, Etc. Unless otherwise expressly
provided herein, (a) references to Organization Documents, agreements (including the Loan
Documents) and other contractual instruments shall be deemed to include all subsequent amendments,
restatements, extensions, supplements and other modifications thereto, but only to the extent that
such amendments, restatements, extensions, supplements and other modifications are permitted by any
Loan Document; and (b) references to any Law shall include all statutory and regulatory provisions
consolidating, amending, replacing, supplementing or interpreting such Law.

SECTION 1.06. Times of Day. Unless otherwise specified, all references herein to
times of day shall be references to Eastern time (daylight or standard, as applicable).

SECTION 1.07. Timing of Payment of Performance. When the payment of any obligation
or the performance of any covenant, duty or obligation is stated to be due or performance required
on a day which is not a Business Day, the date of such payment (other than as described in the
definition of Interest Period) or performance shall extend to the immediately succeeding Business
Day.

 

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SECTION 1.08. Currency Equivalents Generally. (a) Any amount specified in this
Agreement (other than in Articles 2, 9 and 10 or as set forth in paragraph (b) of this Section) or
any of the other Loan Documents to be in Dollars shall also include the equivalent of such amount
in any currency other than Dollars, such equivalent amount to be determined at the rate of exchange
quoted by the Reuters World Currency Page for the applicable currency at 11:00
a.m. (London time) on such day (or, in the event such rate does not appear on any Reuters
World Currency Page, by reference to such other publicly available service for displaying exchange
rates as may be agreed upon by the Administrative Agent and the Company, or, in the absence of such
agreement, such rate shall instead be the arithmetic average of the spot rates of exchange of the
Administrative Agent in the market where its foreign currency exchange operations in respect of
such currency are then being conducted, at or about 10:00 a.m. (New York City time) on such date
for the purchase of Dollars for delivery two Business Days later); provided that the determination
of any Dollar Amount shall be made in accordance with Section 2.17. Notwithstanding the foregoing,
for purposes of determining compliance with Sections 7.01, 7.02 and 7.03 with respect to any amount
of Indebtedness or Investment in a currency other than Dollars, no Default shall be deemed to have
occurred solely as a result of changes in rates of exchange occurring after the time such
Indebtedness or Investment is incurred; provided that, for the avoidance of doubt, the foregoing
provisions of this Section 1.08 shall otherwise apply to such Sections, including with respect to
determining whether any Indebtedness or Investment may be incurred at any time under such Sections.

(b) For purposes of determining compliance under Sections 7.02, 7.05, 7.06, 7.11 and 7.16,
any amount in a currency other than Dollars will be converted to Dollars based on the average
Exchange Rate for such currency for the most recent twelve-month period immediately prior to the
date of determination determined in a manner consistent with that used in calculating EBITDA for
the applicable period, provided, however, that the foregoing shall not be deemed to apply to the
determination of any amount of Indebtedness. For purposes of determining compliance with Section
7.11, (i) the Dollar Amount of the U.K. Term Loans will be determined based on the Exchange Rate in
effect on the Closing Date and (ii) the Dollar Amount of each Alternative Currency Loan and the
equivalent in Dollars of any other Indebtedness denominated in a currency other than Dollars will
reflect the currency translation effects, determined in accordance with GAAP, of Swap Contracts for
currency exchange risks with respect to the applicable currency in effect on the date of
determination of the Dollar Amount of such Alternative Currency Loan or the Dollar equivalent of
such other Indebtedness.

SECTION 1.09. Change of Currency. Each provision of this Agreement shall be subject
to such reasonable changes of construction as the Administrative Agent may from time to time
specify with the Company’s consent to appropriately reflect a change in currency of any country and
any relevant market conventions or practices relating to such change in currency.

ARTICLE II.

The Commitments and Credit Extensions

SECTION 2.01. The Loans. (a) The U.S. Term Borrowings. Subject to the terms and
conditions set forth herein and in the First Amendment or the Amendment and Restatement Agreement,
as applicable, (i) each U.S. Term Lender existing on the First Amendment Effective Date made a U.S.
Term Loan to the Company on the First Amendment Effective Date, (ii) each U.S. Term Loan
outstanding on the Restatement Effective Date that is not converted into a Tranche B U.S. Term Loan
will be converted on such date into, and the Indebtedness represented by such converted U.S. Term
Loan will remain outstanding as, a Tranche A U.S. Term Loan and (iii) each Tranche B U.S. Term
Lender has severally agreed to
convert all or a portion of its existing U.S. Term Loan into, and the Indebtedness represented
by such converted U.S. Term Loan will remain outstanding as, a Tranche B U.S. Term Loan on the
Restatement Effective Date in a principal amount equal to such Tranche B U.S. Term Lender’s Tranche
B U.S. Term Commitment. Amounts borrowed under this Section 2.01(a) and repaid or prepaid may not
be reborrowed. U.S. Term Loans may be Base Rate Loans or Eurocurrency Rate Loans, as further
provided herein.

 

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(b) The U.K. Term Borrowings. Subject to the terms and conditions set forth herein and in
the First Amendment or the Amendment and Restatement Agreement, as applicable, (i) each U.K. Term
Lender existing on the First Amendment Effective Date made a U.K. Term Loan to the Overseas Term
Borrower on the First Amendment Effective Date, (ii) each U.K. Term Loan outstanding on the
Restatement Effective Date that is not converted into a Tranche B U.K. Term Loan will be converted
on such date into, and the Indebtedness represented by such converted U.K. Term Loan will remain
outstanding as, a Tranche A U.K. Term Loan and (iii) each Tranche B U.K. Term Lender has severally
agreed to convert all or a portion of its existing U.K. Term Loan into, and the Indebtedness
represented by such converted U.K. Term Loan will remain outstanding as, a Tranche B U.K. Term Loan
on the Restatement Effective Date in a principal amount equal to such Tranche B U.K. Term Lender’s
Tranche B U.K. Term Commitment. Amounts borrowed under this Section 2.01(b) and repaid or prepaid
may not be reborrowed. U.K. Term Loans must be Eurocurrency Rate Loans, as further provided
herein.

(c) The Euro Term Borrowings. Subject to the terms and conditions set forth herein and in
the First Amendment or the Amendment and Restatement Agreement, as applicable, (i) each Euro Term
Lender existing on the First Amendment Effective Date made a Euro Term Loan to the Euro Term
Borrower on the First Amendment Effective Date, (ii) each Euro Term Loan outstanding on the
Restatement Effective Date that is not converted into a Tranche B Euro Term Loan will be converted
on such date into, and the Indebtedness represented by such converted Euro Term Loan will remain
outstanding as, a Tranche A Euro Term Loan and (iii) each Tranche B Euro Term Lender has severally
agreed to convert all or a portion of its existing Euro Term Loan into, and the Indebtedness
represented by such converted Euro Term Loan will remain outstanding as, a Tranche B Euro Term Loan
on the Restatement Effective Date in a principal amount equal to such Tranche B Euro Term Lender’s
Tranche B Euro Term Commitment. Amounts borrowed under this Section 2.01(c) and repaid or prepaid
may not be reborrowed. Euro Term Loans must be Eurocurrency Rate Loans, as further provided
herein.

(d) The Revolving Credit Borrowings. Subject to the terms and conditions set forth herein
(i) each Revolving Credit Lender severally agrees to make loans denominated in Dollars to any
Borrower as elected by such Borrower pursuant to Section 2.02 (each such loan, a “Dollar Revolving
Credit Loan”) from time to time, on any Business Day until the Maturity Date with respect to its
Revolving Credit Commitment, in an aggregate Dollar Amount not to exceed at any time outstanding
the amount of such Lender’s Revolving Credit Commitment and (ii) each 2013 Multicurrency Revolving
Credit Lender severally agrees to make loans denominated in an Alternative Currency to any Borrower
as elected by such Borrower pursuant to Section 2.02 (each such loan, an “Alternative Currency
Revolving Credit Loan”) from time to time, on any Business Day until the Maturity Date, in an
aggregate Dollar Amount not to exceed at any time outstanding the amount of such Lender’s Revolving
Credit Commitment; provided that after

 

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giving effect to any Revolving Credit Borrowing, (i) the
aggregate Outstanding Amount of the Revolving Credit Loans of any Lender, plus such Lender’s Pro Rata Share of the
Outstanding Amount of all L/C Obligations, plus such Lender’s Pro Rata Share of the Outstanding
Amount of all Swing Line Loans shall not exceed such Lender’s Revolving Credit Commitment, (ii) the
aggregate Dollar Amount of Alternative Currency Revolving Credit Loans and L/C Obligations in
respect of Alternative Currency Letters of Credit shall not exceed the Alternative Currency
Sublimit and (iii) the aggregate Dollar Amount of Revolving Credit Loans made on the Closing Date
shall not exceed $250,000,000. Within the limits of each Lender’s Revolving Credit Commitment, and
subject to the other terms and conditions hereof, the Borrowers may borrow under this Section
2.01(d), prepay under Section 2.05, and reborrow under this Section 2.01(d). Dollar Revolving
Credit Loans may be Base Rate Loans or Eurocurrency Rate Loans, as further provided herein, and
Alternative Currency Revolving Credit Loans must be Eurocurrency Rate Loans, as further provided
herein.

(e) The Incremental Term Borrowings. Subject to the terms and conditions set forth herein,
each Incremental Term Lender party to First Refinancing Amendment severally agrees to make to the
Company (including pursuant to a Conversion) a single loan denominated in Dollars in a Dollar
Amount equal to such Incremental Term Lender’s Incremental Term Commitment on the First Refinancing
Amendment Effective Date. Amounts borrowed under this Section 2.01(e) and repaid or prepaid may
not be reborrowed. Incremental Term Loans may be Base Rate Loans or Eurocurrency Rate Loans, as
further provided herein.

SECTION 2.02. Borrowings, Conversions and Continuations of Loans. (a) Each Term
Borrowing, each Revolving Credit Borrowing, each conversion of Term Loans or Revolving Credit Loans
from one Type to the other, and each continuation of Eurocurrency Rate Loans shall be made upon the
relevant Borrower’s irrevocable notice to the Administrative Agent, which may be given by
telephone. Each such notice must be received by the Administrative Agent not later than 12:30 p.m.
(New York, New York time or London, England time in the case of any Borrowing denominated in an
Alternative Currency) (i) three (3) Business Days prior to the requested date of any Borrowing or
continuation of Eurocurrency Rate Loans or any conversion of Base Rate Loans to Eurocurrency Rate
Loans, and (ii) one (1) Business Day before the requested date of any Borrowing of Base Rate Loans.
Each telephonic notice by the relevant Borrower pursuant to this Section 2.02(a) must be confirmed
promptly by delivery to the Administrative Agent of a written Committed Loan Notice, appropriately
completed and signed by a Responsible Officer of such Borrower. Each Borrowing of, conversion to
or continuation of Eurocurrency Rate Loans shall be in a principal amount of $5,000,000 or a whole
multiple of $1,000,000 in excess thereof (or comparable amounts determined by the Administrative
Agent in the case of Alternative Currency Loans). Except as provided in Sections 2.03(c) and
2.04(c), each Borrowing of or conversion to Base Rate Loans shall be in a principal amount of
$1,000,000 or a whole multiple of $500,000 in excess thereof. Each Committed Loan Notice (whether
telephonic or written) shall specify (i) whether the relevant Borrower is requesting a Term
Borrowing, a Revolving Credit Borrowing, a conversion of U.S. Term Loans of a particular Tranche or
Incremental Term Loans or Revolving Credit Loans from one Type to the other, or a continuation of
Eurocurrency Rate Loans, (ii) the requested date of the Borrowing, conversion or continuation, as
the case may be (which shall be a Business Day), (iii) the principal amount of Loans to be
borrowed, converted or continued, (iv) the currency in which the Loans to be borrowed are to be
denominated, (v) the Type of Loans to be borrowed or to which existing

 

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Term Loans or Revolving
Credit Loans are to be converted, and (vi) if applicable, the duration of the Interest Period with respect thereto. If with respect to
Loans denominated in Dollars the relevant Borrower fails to specify a Type of Loan in a Committed
Loan Notice or fails to give a timely notice requesting a conversion or continuation, then the
applicable Term Loans or Revolving Credit Loans shall be made as, or converted to, Base Rate Loans.
Any such automatic conversion to Base Rate Loans shall be effective as of the last day of the
Interest Period then in effect with respect to the applicable Eurocurrency Rate Loans. If the
relevant Borrower requests a Borrowing of, conversion to, or continuation of Eurocurrency Rate
Loans in any such Committed Loan Notice, but fails to specify an Interest Period (or fails to give
a timely notice requesting a continuation of Eurocurrency Rate Loans denominated in an Alternative
Currency), it will be deemed to have specified an Interest Period of one (1) month. If no currency
is specified, the requested Borrowing shall be in Dollars.

(b) Following receipt of a Committed Loan Notice, the Administrative Agent shall promptly
notify each Lender of the amount of its Pro Rata Share of the applicable Class of Loans, and if no
timely notice of a conversion or continuation is provided by the relevant Borrower, the
Administrative Agent shall notify each Lender of the details of any automatic conversion to Base
Rate Loans or continuation described in Section 2.02(a). In the case of each Borrowing, each
Appropriate Lender shall make the amount of its Loan available to the Administrative Agent in Same
Day Funds at the Administrative Agent’s Office for the applicable currency not later than 1:00
p.m., in the case of any Loan denominated in Dollars, and not later than 1:00 p.m. (London time) in
the case of any Loan in an Alternative Currency, in each case on the Business Day specified in the
applicable Committed Loan Notice. Upon satisfaction of the applicable conditions set forth in
Section 4.02 (and, if such Borrowing is the initial Credit Extension, Section 4.01), the
Administrative Agent shall make all funds so received available to the relevant Borrower in like
funds as received by the Administrative Agent either by (i) crediting the account of such Borrower
on the books of JPMorgan Chase Bank with the amount of such funds or (ii) wire transfer of such
funds, in each case in accordance with instructions provided to (and reasonably acceptable to) the
Administrative Agent by such Borrower; provided that if, on the date the Committed Loan Notice with
respect to such Borrowing is given by the relevant Borrower, there are Swing Line Loans or L/C
Borrowings outstanding, then the proceeds of such Borrowing shall be applied, first, to the payment
in full of any such L/C Borrowings, second, to the payment in full of any such Swing Line Loans,
and third, to the relevant Borrower as provided above.

(c) Except as otherwise provided herein, a Eurocurrency Rate Loan may be continued or
converted only on the last day of an Interest Period for such Eurocurrency Rate Loan unless the
Company pays the amount due, if any, under Section 3.05 in connection therewith. During the
existence of an Event of Default, the Administrative Agent or the Required Lenders may require that
no Loans denominated in Dollars may be converted to or continued as Eurocurrency Rate Loans.

(d) The Administrative Agent shall promptly notify the relevant Borrower and the Lenders of
the interest rate applicable to any Interest Period for Eurocurrency Rate Loans upon determination
of such interest rate. The determination of the Eurocurrency Rate by the Administrative Agent
shall be conclusive in the absence of manifest error. At any time that Base Rate Loans are
outstanding, the Administrative Agent shall notify the relevant Borrower and the
Lenders of any change in JPMorgan Chase Bank prime rate used in determining the Base Rate
promptly following the public announcement of such change.

 

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(e) After giving effect to all Term Borrowings, all Revolving Credit Borrowings, all
conversions of Term Loans or Revolving Credit Loans from one Type to the other, and all
continuations of Term Loans or Revolving Credit Loans as the same Type, there shall not be more
than twenty (20) Interest Periods in effect.

(f) The failure of any Lender to make the Loan to be made by it as part of any Borrowing
shall not relieve any other Lender of its obligation, if any, hereunder to make its Loan on the
date of such Borrowing, but no Lender shall be responsible for the failure of any other Lender to
make the Loan to be made by such other Lender on the date of any Borrowing.

SECTION 2.03. Letters of Credit. (a) The Letter of Credit Commitment. (a) On and after
the Closing Date the Existing Letters of Credit will constitute Letters of Credit under this
Agreement and for purposes hereof will be deemed to have been issued on the Closing Date. Subject
to the terms and conditions set forth herein, (A) each L/C Issuer agrees, in reliance upon the
agreements of the other Revolving Credit Lenders set forth in this Section 2.03, (1) from time to
time on any Business Day during the period from the Closing Date until the Letter of Credit
Expiration Date, to issue Letters of Credit denominated in Dollars or an Alternative Currency for
the account of the Company (provided, that any Letter of Credit may be for the benefit of any
Subsidiary of the Company) and to amend or renew Letters of Credit previously issued by it, in
accordance with Section 2.03(b), and (2) to honor drafts under the Letters of Credit and (B) the
Revolving Credit Lenders severally agree to participate in Letters of Credit issued pursuant to
this Section 2.03; provided that no L/C Issuer shall be obligated to make any L/C Credit Extension
with respect to any Letter of Credit, and no Lender shall be obligated to participate in any Letter
of Credit if as of the date of such L/C Credit Extension, (x) the Revolving Credit Exposure of any
Lender would exceed such Lender’s Revolving Credit Commitment, (y) the Outstanding Amount of the
L/C Obligations would exceed the Letter of Credit Sublimit or (z) the aggregate Dollar Amount of
Alternative Currency Revolving Credit Loans and L/C Obligations in respect of Alternative Currency
Letters of Credit would exceed the Alternative Currency Sublimit. Within the foregoing limits, and
subject to the terms and conditions hereof, the Company’s ability to obtain Letters of Credit shall
be fully revolving, and accordingly the Company may, during the foregoing period, obtain Letters of
Credit to replace Letters of Credit that have expired or that have been drawn upon and reimbursed.

(b) An L/C Issuer shall be under no obligation to issue any Letter of Credit if:

(i) any order, judgment or decree of any Governmental Authority or arbitrator
shall by its terms purport to enjoin or restrain such L/C Issuer from issuing such
Letter of Credit, or any Law applicable to such L/C Issuer or any directive (whether
or not having the force of law) from any Governmental Authority with jurisdiction
over such L/C Issuer shall prohibit, or direct that such L/C Issuer refrain from,
the issuance of letters of credit generally or such Letter of Credit in particular
or shall impose upon such L/C Issuer with respect to such Letter of Credit any
restriction, reserve or capital requirement (for which such L/C Issuer is not
otherwise compensated hereunder) not in effect on the Closing
Date, or shall impose upon such L/C Issuer any unreimbursed loss, cost or
expense which was not applicable on the Closing Date (for which such L/C Issuer is
not otherwise compensated hereunder);

 

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(ii) subject to Section 2.03(b)(iii), the expiry date of such requested Letter
of Credit would occur more than twelve months after the date of issuance or last
renewal, unless the Required Lenders have approved such expiry date;

(iii) the expiry date of such requested Letter of Credit would occur after the
Letter of Credit Expiration Date, unless all the Revolving Credit Lenders have
approved such expiry date;

(iv) the issuance of such Letter of Credit would violate any Laws binding upon
such L/C Issuer; or

(v) such Letter of Credit is in an initial amount less than $100,000, in the
case of a commercial Letter of Credit, or $100,000, in the case of a standby Letter
of Credit.

(c) An L/C Issuer shall be under no obligation to amend any Letter of Credit if (A)
such L/C Issuer would have no obligation at such time to issue such Letter of Credit in its
amended form under the terms hereof, or (B) the beneficiary of such Letter of Credit does
not accept the proposed amendment to such Letter of Credit.

(b) Procedures for Issuance and Amendment of Letters of Credit; Auto-Renewal Letters of
Credit. (a) Each Letter of Credit shall be issued or amended, as the case may be, upon the
request of the Company delivered to an L/C Issuer (with a copy to the Administrative Agent) in the
form of a Letter of Credit Application, appropriately completed and signed by a Responsible Officer
of Company. Such Letter of Credit Application must be received by the relevant L/C Issuer and the
Administrative Agent not later than 12:30 p.m. at least two (2) Business Days prior to the proposed
issuance date or date of amendment, as the case may be; or, in each case, such later date and time
as the relevant L/C Issuer may agree in a particular instance in its sole discretion. In the case
of a request for an initial issuance of a Letter of Credit, such Letter of Credit Application shall
specify in form and detail reasonably satisfactory to the relevant L/C Issuer: (a) the proposed
issuance date of the requested Letter of Credit (which shall be a Business Day); (b) the amount
thereof; (c) the expiry date thereof; (d) the name and address of the beneficiary thereof; (e) the
documents to be presented by such beneficiary in case of any drawing thereunder; (f) the full text
of any certificate to be presented by such beneficiary in case of any drawing thereunder; (g) the
currency in which the requested Letter of Credit will be denominated; and (h) such other matters as
the relevant L/C Issuer may reasonably request. In the case of a request for an amendment of any
outstanding Letter of Credit, such Letter of Credit Application shall specify in form and detail
reasonably satisfactory to the relevant L/C Issuer (1) the Letter of Credit to be amended; (2) the
proposed date of amendment thereof (which shall be a Business Day); (3) the nature of the proposed
amendment; and (4) such other matters as the relevant L/C Issuer may reasonably request.

 

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(b) Promptly after receipt of any Letter of Credit Application, the relevant L/C
Issuer will confirm with the Administrative Agent (by telephone or in writing) that the
Administrative Agent has received a copy of such Letter of Credit Application from the
Company and, if not, such L/C Issuer will provide the Administrative Agent with a copy
thereof. Upon receipt by the relevant L/C Issuer of confirmation from the Administrative
Agent that the requested issuance or amendment is permitted in accordance with the terms
hereof, then, subject to the terms and conditions hereof, such L/C Issuer shall, on the
requested date, issue a Letter of Credit for the account of the Company or enter into the
applicable amendment, as the case may be. Immediately upon the issuance of each Letter of
Credit, each Revolving Credit Lender shall be deemed to, and hereby irrevocably and
unconditionally agrees to, purchase from the relevant L/C Issuer a risk participation in
such Letter of Credit in an amount equal to the product of such Lender’s Pro Rata Share
times the amount of such Letter of Credit.

(c) If the Company so requests in any applicable Letter of Credit Application, the
relevant L/C Issuer shall agree to issue a Letter of Credit that has automatic renewal
provisions (each, an “Auto-Renewal Letter of Credit”); provided that any such Auto-Renewal
Letter of Credit must permit the relevant L/C Issuer to prevent any such renewal at least
once in each twelve month period (commencing with the date of issuance of such Letter of
Credit) by giving prior notice to the beneficiary thereof not later than a day (the
“Nonrenewal Notice Date”) in each such twelve month period to be agreed upon at the time
such Letter of Credit is issued. Unless otherwise directed by the relevant L/C Issuer, the
Company shall not be required to make a specific request to the relevant L/C Issuer for any
such renewal. Once an Auto-Renewal Letter of Credit has been issued, the Lenders shall be
deemed to have authorized (but may not require) the relevant L/C Issuer to permit the
renewal of such Letter of Credit at any time to an expiry date not later than the Letter of
Credit Expiration Date; provided that the relevant L/C Issuer shall not permit any such
renewal if (A) the relevant L/C Issuer has determined that it would have no obligation at
such time to issue such Letter of Credit in its renewed form under the terms hereof (by
reason of the provisions of Section 2.03(a)(ii) or otherwise), or (B) it has received notice
(which may be by telephone or in writing) on or before the day that is five (5) Business
Days before the Nonrenewal Notice Date from the Administrative Agent, any Revolving Credit
Lender or any Borrower that one or more of the applicable conditions specified in Section
4.02 is not then satisfied.

(d) Promptly after its delivery of any Letter of Credit or any amendment to a Letter
of Credit to an advising bank with respect thereto or to the beneficiary thereof, the
relevant L/C Issuer will also deliver to the Company and the Administrative Agent a true and
complete copy of such Letter of Credit or amendment.

(c) Drawings and Reimbursements; Funding of Participations. (a) Upon receipt from the
beneficiary of any Letter of Credit of any notice of a drawing under such Letter of Credit, the
relevant L/C Issuer shall notify promptly the Company and the Administrative Agent thereof. Not
later than 11:00 a.m. on the Business Day immediately following any payment by an L/C Issuer under
a Letter of Credit (each such date, an “Honor Date”), the Company shall reimburse such L/C Issuer
through the Administrative Agent in an amount equal to the amount of such drawing. If the Company
fails to so reimburse such L/C Issuer by such time, the

 

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Administrative Agent shall promptly notify each Appropriate Lender of the Honor Date, the
amount of the unreimbursed drawing (expressed in Dollars in the Dollar Amount thereof in the case
of an Alternative Currency) (the “Unreimbursed Amount”), and the amount of such Appropriate
Lender’s Pro Rata Share thereof. In such event, the Company shall be deemed to have requested a
Revolving Credit Borrowing of Base Rate Loans to be disbursed on the Honor Date in an amount equal
to the Unreimbursed Amount, without regard to the minimum and multiples specified in Section 2.02
for the principal amount of Base Rate Loans but subject to the amount of the unutilized portion of
the Revolving Credit Commitments of the Appropriate Lenders and the conditions set forth in Section
4.02 (other than the delivery of a Committed Loan Notice). Any notice given by an L/C Issuer or
the Administrative Agent pursuant to this Section 2.03(c)(i) may be given by telephone if
immediately confirmed in writing; provided that the lack of such an immediate confirmation shall
not affect the conclusiveness or binding effect of such notice.

(b) Each Appropriate Lender (including any Lender acting as an L/C Issuer) shall upon
any notice pursuant to Section 2.03(c)(i) make funds available to the Administrative Agent
for the account of the relevant L/C Issuer, in Dollars, at the Administrative Agent’s Office
for payments in an amount equal to its Pro Rata Share of the Unreimbursed Amount not later
than 1:00 p.m. on the Business Day specified in such notice by the Administrative Agent,
whereupon, subject to the provisions of Section 2.03(c)(iii), each Appropriate Lender that
so makes funds available shall be deemed to have made a Base Rate Loan to the Company in
such amount. The Administrative Agent shall remit the funds so received to the relevant L/C
Issuer.

(c) With respect to any Unreimbursed Amount that is not fully refinanced by a
Revolving Credit Borrowing of Base Rate Loans because the conditions set forth in Section
4.02 cannot be satisfied or for any other reason, the Company shall be deemed to have
incurred from the relevant L/C Issuer an L/C Borrowing in the amount of the Unreimbursed
Amount that is not so refinanced, which L/C Borrowing shall be due and payable on demand
(together with interest) and shall bear interest at the Default Rate. In such event, each
Appropriate Lender’s payment to the Administrative Agent for the account of the relevant L/C
Issuer pursuant to Section 2.03(c)(ii) shall be deemed payment in respect of its
participation in such L/C Borrowing and shall constitute an L/C Advance from such Lender in
satisfaction of its participation obligation under this Section 2.03.

(d) Until each Appropriate Lender funds its Revolving Credit Loan or L/C Advance
pursuant to this Section 2.03(c) to reimburse the relevant L/C Issuer for any amount drawn
under any Letter of Credit, interest in respect of such Lender’s Pro Rata Share of such
amount shall be solely for the account of the relevant L/C Issuer.

 

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(e) Each Revolving Credit Lender’s obligation to make Revolving Credit Loans or L/C
Advances to reimburse an L/C Issuer for amounts drawn under Letters of Credit, as
contemplated by this Section 2.03(c), shall be absolute and unconditional and shall not be
affected by any circumstance, including (A) any setoff, counterclaim, recoupment, defense or
other right which such Lender may have against the relevant L/C Issuer, any Borrower or any
other Person for any reason whatsoever; (B) the occurrence
or continuance of a Default, or (C) any other occurrence, event or condition, whether
or not similar to any of the foregoing; provided that each Revolving Credit Lender’s
obligation to make Revolving Credit Loans pursuant to this Section 2.03(c) is subject to the
conditions set forth in Section 4.02 (other than delivery by the relevant Borrower of a
Committed Loan Notice ). No such making of an L/C Advance shall relieve or otherwise impair
the obligation of the Company to reimburse the relevant L/C Issuer for the amount of any
payment made by such L/C Issuer under any Letter of Credit, together with interest as
provided herein.

(f) If any Revolving Credit Lender fails to make available to the Administrative Agent
for the account of the relevant L/C Issuer any amount required to be paid by such Lender
pursuant to the foregoing provisions of this Section 2.03(c) by the time specified in
Section 2.03(c)(ii), such L/C Issuer shall be entitled to recover from such Lender (acting
through the Administrative Agent), on demand, such amount with interest thereon for the
period from the date such payment is required to the date on which such payment is
immediately available to such L/C Issuer at a rate per annum equal to the applicable
Overnight Rate from time to time in effect. A certificate of the relevant L/C Issuer
submitted to any Revolving Credit Lender (through the Administrative Agent) with respect to
any amounts owing under this Section 2.03(c)(vi) shall be conclusive absent manifest error.

(d) Repayment of Participations. (a) If, at any time after an L/C Issuer has made a payment
under any Letter of Credit and has received from any Revolving Credit Lender such Lender’s L/C
Advance in respect of such payment in accordance with Section 2.03(c), the Administrative Agent
receives for the account of such L/C Issuer any payment in respect of the related Unreimbursed
Amount or interest thereon (whether directly from the Company or otherwise, including proceeds of
Cash Collateral applied thereto by the Administrative Agent), the Administrative Agent will
distribute to such Lender its Pro Rata Share thereof (appropriately adjusted, in the case of
interest payments, to reflect the period of time during which such Lender’s L/C Advance was
outstanding) in the same funds as those received by the Administrative Agent.

(b) If any payment received by the Administrative Agent for the account of an L/C
Issuer pursuant to Section 2.03(c)(i) is required to be returned under any of the
circumstances described in Section 10.06 (including pursuant to any settlement entered into
by such L/C Issuer in its discretion), each Appropriate Lender shall pay to the
Administrative Agent for the account of such L/C Issuer its Pro Rata Share thereof on demand
of the Administrative Agent, plus interest thereon from the date of such demand to the date
such amount is returned by such Lender, at a rate per annum equal to the applicable
Overnight Rate from time to time in effect.

 

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(e) Obligations Absolute. The obligation of the Company to reimburse the relevant L/C Issuer
for each drawing under each Letter of Credit issued by it and to repay each L/C Borrowing shall be
absolute, unconditional and irrevocable, and shall be paid strictly in accordance with the terms of
this Agreement under all circumstances, including the following:

(a) any lack of validity or enforceability of such Letter of Credit, this Agreement,
or any other agreement or instrument relating thereto;

(b) the existence of any claim, counterclaim, setoff, defense or other right that any
Loan Party may have at any time against any beneficiary or any transferee of such Letter of
Credit (or any Person for whom any such beneficiary or any such transferee may be acting),
the relevant L/C Issuer or any other Person, whether in connection with this Agreement, the
transactions contemplated hereby or by such Letter of Credit or any agreement or instrument
relating thereto, or any unrelated transaction;

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

(d) any payment by the relevant L/C Issuer under such Letter of Credit against
presentation of a draft or certificate that does not strictly comply with the terms of such
Letter of Credit; or any payment made by the relevant L/C Issuer under such Letter of Credit
to any Person purporting to be a trustee in bankruptcy, debtor-in-possession, assignee for
the benefit of creditors, liquidator, receiver or other representative of or successor to
any beneficiary or any transferee of such Letter of Credit, including any arising in
connection with any proceeding under any Debtor Relief Law;

(e) any exchange, release or nonperfection of any Collateral, or any release or
amendment or waiver of or consent to departure from the Guaranty or any other guarantee, for
all or any of the Obligations any Loan Party in respect of such Letter of Credit; or

(f) any other circumstance or happening whatsoever, whether or not similar to any of
the foregoing, including any other circumstance that might otherwise constitute a defense
available to, or a discharge of, any Loan Party;

provided that the foregoing shall not excuse any L/C Issuer from liability to the Company to the
extent of any direct damages (as opposed to consequential damages, claims in respect of which are
waived by the Company to the extent permitted by applicable Law) suffered by the Company that are
caused by such L/C Issuer’s gross negligence or willful misconduct when determining whether drafts
and other documents presented under a Letter of Credit comply with the terms thereof.

 

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(f) Role of L/C Issuers. Each Lender and the Company agree that, in paying any drawing under
a Letter of Credit, the relevant L/C Issuer shall not have any responsibility to obtain any
document (other than any sight draft, certificates and documents expressly required by the Letter
of Credit) or to ascertain or inquire as to the validity or accuracy of any such document or the
authority of the Person executing or delivering any such document. None of the L/C Issuers, any
Agent-Related Person nor any of the respective correspondents, participants or assignees of any L/C
Issuer shall be liable to any Lender for (i) any action taken or omitted in
connection herewith at the request or with the approval of the Lenders or the Required
Lenders, as applicable; (ii) any action taken or omitted in the absence of gross negligence or
willful misconduct; or (iii) the due execution, effectiveness, validity or enforceability of any
document or instrument related to any Letter of Credit or Letter of Credit Application. The
Company hereby assumes all risks of the acts or omissions of any beneficiary or transferee with
respect to its use of any Letter of Credit; provided that this assumption is not intended to, and
shall not, preclude the Company’s pursuing such rights and remedies as it may have against the
beneficiary or transferee at law or under any other agreement. None of the L/C Issuers, any
Agent-Related Person, nor any of the respective correspondents, participants or assignees of any
L/C Issuer, shall be liable or responsible for any of the matters described in clauses (i) through
(vi) of Section 2.03(e); provided that anything in such clauses to the contrary notwithstanding,
the Company may have a claim against an L/C Issuer, and such L/C Issuer may be liable to the
Company, to the extent, but only to the extent, of any direct, as opposed to consequential or
exemplary, damages suffered by the Company which the Company proves were caused by such L/C
Issuer’s willful misconduct or gross negligence or such L/C Issuer’s willful or grossly negligent
failure to pay under any Letter of Credit after the presentation to it by the beneficiary of a
sight draft and certificate(s) strictly complying with the terms and conditions of a Letter of
Credit. In furtherance and not in limitation of the foregoing, each L/C Issuer may accept
documents that appear on their face to be in order, without responsibility for further
investigation, regardless of any notice or information to the contrary, and no L/C Issuer shall be
responsible for the validity or sufficiency of any instrument transferring or assigning or
purporting to transfer or assign a Letter of Credit or the rights or benefits thereunder or
proceeds thereof, in whole or in part, which may prove to be invalid or ineffective for any reason.

(g) Cash Collateral. (i) If an L/C Issuer has honored any full or partial drawing request
under any Letter of Credit and such drawing has resulted in an L/C Borrowing and the conditions set
forth in Section 4.02 to a Revolving Credit Borrowing cannot then be met, (ii) if, as of the Letter
of Credit Expiration Date, any Letter of Credit may for any reason remain outstanding and partially
or wholly undrawn, (iii) if any Event of Default occurs and is continuing and the Administrative
Agent or the Required Lenders, as applicable, require the Company to Cash Collateralize the L/C
Obligations pursuant to Section 8.02(c) or (iv) an Event of Default set forth under Section 8.01(f)
occurs and is continuing, then the Company shall Cash Collateralize the then Outstanding Amount of
all L/C Obligations (in an amount equal to such Outstanding Amount determined as of the date of
such L/C Borrowing or the Letter of Credit Expiration Date, as the case may be), and shall do so
not later than 2:00 P.M., New York City time, on (x) in the case of the immediately preceding
clauses (i) through (iii), (1) the Business Day that the Company receives notice thereof, if such
notice is received on such day prior to 12:00 Noon, New York City time, or (2) if clause (1) above
does not apply, the Business Day immediately following the day that the Company receives such
notice and (y) in the case of the immediately preceding clause (iv), the Business Day on which an
Event of Default set forth under Section 8.01(f) occurs or, if such day is not a Business Day, the
Business Day immediately succeeding such day. For purposes hereof, “Cash Collateralize” means to
pledge and deposit with or deliver to the Administrative Agent, for the benefit of the relevant L/C
Issuer and the Lenders, as collateral for the L/C Obligations, cash or deposit account balances
(“Cash Collateral”) pursuant to documentation in form and substance reasonably satisfactory to the
Administrative Agent and the relevant L/C Issuer (which documents are hereby consented to by the
Lenders). Derivatives of such term have

 

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corresponding meanings. The Company hereby grants to the
Administrative Agent, for the benefit of the L/C Issuers and the Lenders, a security interest in all such
cash, deposit accounts and all balances therein and all proceeds of the foregoing. Cash Collateral
shall be maintained in blocked accounts at JPMorgan Chase Bank and may be invested in readily
available Cash Equivalents. If at any time the Administrative Agent determines that any funds held
as Cash Collateral are subject to any right or claim of any Person other than the Administrative
Agent (on behalf of the Secured Parties) or that the total amount of such funds is less than the
aggregate Outstanding Amount of all L/C Obligations, the Company will, forthwith upon demand by the
Administrative Agent, pay to the Administrative Agent, as additional funds to be deposited and held
in the deposit accounts at JPMorgan Chase Bank as aforesaid, an amount equal to the excess of (a)
such aggregate Outstanding Amount over (b) the total amount of funds, if any, then held as Cash
Collateral that the Administrative Agent reasonably determines to be free and clear of any such
right and claim. Upon the drawing of any Letter of Credit for which funds are on deposit as Cash
Collateral, such funds shall be applied, to the extent permitted under applicable Law, to reimburse
the relevant L/C Issuer. To the extent the amount of any Cash Collateral exceeds the then
Outstanding Amount of such L/C Obligations and so long as no Event of Default has occurred and is
continuing, the excess shall be refunded to the Company.

(h) Letter of Credit Fees. The Company shall pay to the Administrative Agent for the account
of each Revolving Credit Lender in accordance with its Pro Rata Share, a Letter of Credit fee for
each Letter of Credit issued pursuant to this Agreement equal to the Applicable Rate times the
daily maximum amount then available to be drawn under such Letter of Credit (whether or not such
maximum amount is then in effect under such Letter of Credit if such maximum amount increases
periodically pursuant to the terms of such Letter of Credit). Such letter of credit fees shall be
computed on a quarterly basis in arrears. Such letter of credit fees shall be due and payable in
U.S. Dollars on the first Business Day after the end of each March, June, September and December,
commencing with the first such date to occur after the issuance of such Letter of Credit, on the
Letter of Credit Expiration Date and thereafter on demand. If there is any change in the
Applicable Rate during any quarter, the daily maximum amount of each Letter of Credit shall be
computed and multiplied by the Applicable Rate separately for each period during such quarter that
such Applicable Rate was in effect.

(i) Fronting Fee and Documentary and Processing Charges Payable to L/C Issuers. The Company
shall pay directly to each L/C Issuer for its own account a fronting fee with respect to each
Letter of Credit issued by it equal to 0.125% per annum of the daily maximum amount then available
to be drawn under such Letter of Credit (whether or not such maximum amount is then in effect under
such Letter of Credit if such maximum amount increases periodically pursuant to the terms of such
Letter of Credit). Such fronting fees shall be computed on a quarterly basis in arrears. Such
fronting fees shall be due and payable on the first Business Day after the end of each March, June,
September and December, commencing with the first such date to occur after the issuance of such
Letter of Credit, on the Letter of Credit Expiration Date and thereafter on demand. In addition,
the Company shall pay directly to each L/C Issuer for its own account the customary issuance,
presentation, amendment and other processing fees, and other standard costs and charges, of such
L/C Issuer relating to letters of credit as from time to time in effect. Such customary fees and
standard costs and charges are due and payable within ten (10) Business Days of demand and are
nonrefundable.

 

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(j) Conflict with Letter of Credit Application. Notwithstanding anything else to the
contrary in this Agreement, in the event of any conflict between the terms hereof and the terms of
any Letter of Credit Application, the terms hereof shall control.

(k) Addition of an L/C Issuer. A Revolving Credit Lender may become an additional L/C Issuer
hereunder pursuant to a written agreement among the Borrower, the Administrative Agent and such
Revolving Credit Lender. The Administrative Agent shall notify the Revolving Credit Lenders of any
such additional L/C Issuer.

SECTION 2.04. Swing Line Loans. (a) The Swing Line. Subject to the terms and
conditions set forth herein, the Swing Line Lender agrees to make loans (each such loan, a “Swing
Line Loan”) to the Company from time to time on any Business Day (other than the Closing Date)
until the Maturity Date in an aggregate amount not to exceed at any time outstanding the amount of
the Swing Line Sublimit, notwithstanding the fact that such Swing Line Loans, when aggregated with
the Pro Rata Share of the Outstanding Amount of Revolving Credit Loans and L/C Obligations of the
Lender acting as Swing Line Lender, may exceed the amount of such Lender’s Revolving Credit
Commitment; provided that, after giving effect to any Swing Line Loan, the aggregate Outstanding
Amount of the Revolving Credit Loans of any Lender, plus such Lender’s Pro Rata Share of the
Outstanding Amount of all L/C Obligations, plus such Lender’s Pro Rata Share of the Outstanding
Amount of all Swing Line Loans shall not exceed such Lender’s Revolving Credit Commitment then in
effect; provided further that, the Company shall not use the proceeds of any Swing Line Loan to
refinance any outstanding Swing Line Loan. Within the foregoing limits, and subject to the other
terms and conditions hereof, the Company may borrow under this Section 2.04, prepay under Section
2.05, and reborrow under this Section 2.04. Each Swing Line Loan shall be a Base Rate Loan. Swing
Line Loans shall only be denominated in Dollars. Immediately upon the making of a Swing Line Loan,
each Revolving Credit Lender shall be deemed to, and hereby irrevocably and unconditionally agrees
to, purchase from the Swing Line Lender a risk participation in such Swing Line Loan in an amount
equal to the product of such Lender’s Pro Rata Share times the amount of such Swing Line Loan.

(b) Borrowing Procedures. Each Swing Line Borrowing shall be made upon the Company’s
irrevocable notice to the Swing Line Lender and the Administrative Agent, which may be given by
telephone. Each such notice must be received by the Swing Line Lender and the Administrative Agent
not later than 1:00 p.m. on the requested borrowing date, and shall specify (i) the amount to be
borrowed, which shall be a minimum of $100,000, and (ii) the requested borrowing date, which shall
be a Business Day. Each such telephonic notice must be confirmed promptly by delivery to the Swing
Line Lender and the Administrative Agent of a written Swing Line Loan Notice, appropriately
completed and signed by a Responsible Officer of the Company. Promptly after receipt by the Swing
Line Lender of any telephonic Swing Line Loan Notice, the Swing Line Lender will confirm with the
Administrative Agent (by telephone or in writing) that the Administrative Agent has also received
such Swing Line Loan Notice and, if not, the Swing Line Lender will notify the Administrative Agent
(by telephone or in writing) of the contents thereof. Unless the Swing Line Lender has received
notice (by telephone or in writing) from the Administrative Agent (including at the request of any
Revolving Credit Lender) prior to 2:00 p.m. on the date of the proposed Swing Line Borrowing (A)
directing the Swing Line Lender not to make such Swing Line Loan as a result of the limitations set
forth in the proviso to the first
sentence of Section 2.04(a), or (B) that one or more of the applicable conditions specified in
Section 4.02 is not then satisfied, then, subject to the terms and conditions hereof, the Swing
Line Lender will, not later than 3:00 p.m. on the borrowing date specified in such Swing Line Loan
Notice, make the amount of its Swing Line Loan available to the Company.

 

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(c) Refinancing of Swing Line Loans. (a) The Swing Line Lender at any time in its sole and
absolute discretion may request, on behalf of the Company (which hereby irrevocably authorizes the
Swing Line Lender to so request on its behalf), that each Revolving Credit Lender make a Base Rate
Loan in an amount equal to such Lender’s Pro Rata Share of the amount of Swing Line Loans then
outstanding. Such request shall be made in writing (which written request shall be deemed to be a
Committed Loan Notice for purposes hereof) and in accordance with the requirements of Section 2.02,
without regard to the minimum and multiples specified therein for the principal amount of Base Rate
Loans, but subject to the unutilized portion of the aggregate Revolving Credit Commitments and the
conditions set forth in Section 4.02. The Swing Line Lender shall furnish the Company with a copy
of the applicable Committed Loan Notice promptly after delivering such notice to the Administrative
Agent. Each Revolving Credit Lender shall make an amount equal to its Pro Rata Share of the amount
specified in such Committed Loan Notice available to the Administrative Agent in Same Day Funds for
the account of the Swing Line Lender at the Administrative Agent’s Office for Dollar denominated
payments not later than 1:00 p.m. on the day specified in such Committed Loan Notice, whereupon,
subject to Section 2.04(c)(ii), each Revolving Credit Lender that so makes funds available shall be
deemed to have made a Base Rate Loan to the relevant Borrower in such amount. The Administrative
Agent shall remit the funds so received to the Swing Line Lender.

(b) If for any reason any Swing Line Loan cannot be refinanced by such a Revolving
Credit Borrowing in accordance with Section 2.04(c)(i), the request for Base Rate Loans
submitted by the Swing Line Lender as set forth herein shall be deemed to be a request by
the Swing Line Lender that each of the Revolving Credit Lenders fund its risk participation
in the relevant Swing Line Loan and each Revolving Credit Lender’s payment to the
Administrative Agent for the account of the Swing Line Lender pursuant to Section 2.04(c)(i)
shall be deemed payment in respect of such participation.

(c) If any Revolving Credit Lender fails to make available to the Administrative Agent
for the account of the Swing Line Lender any amount required to be paid by such Lender
pursuant to the foregoing provisions of this Section 2.04(c) by the time specified in
Section 2.04(c)(i), the Swing Line Lender shall be entitled to recover from such Lender
(acting through the Administrative Agent), on demand, such amount with interest thereon for
the period from the date such payment is required to the date on which such payment is
immediately available to the Swing Line Lender at a rate per annum equal to the applicable
Overnight Rate from time to time in effect. A certificate of the Swing Line Lender
submitted to any Lender (through the Administrative Agent) with respect to any amounts owing
under this clause (iii) shall be conclusive absent manifest error.

 

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(d) Each Revolving Credit Lender’s obligation to make Revolving Credit Loans or to
purchase and fund risk participations in Swing Line Loans pursuant to this Section 2.04(c)
shall be absolute and unconditional and shall not be affected by any
circumstance, including (A) any setoff, counterclaim, recoupment, defense or other
right which such Lender may have against the Swing Line Lender, the relevant Borrower or any
other Person for any reason whatsoever, (B) the occurrence or continuance of a Default, or
(C) any other occurrence, event or condition, whether or not similar to any of the
foregoing; provided that each Revolving Credit Lender’s obligation to make Revolving Credit
Loans pursuant to this Section 2.04(c) is subject to the conditions set forth in Section
4.02. No such funding of risk participations shall relieve or otherwise impair the
obligation of the relevant Borrower to repay Swing Line Loans, together with interest as
provided herein.

(d) Repayment of Participations. (a) At any time after any Revolving Credit Lender has
purchased and funded a risk participation in a Swing Line Loan, if the Swing Line Lender receives
any payment on account of such Swing Line Loan, the Swing Line Lender will distribute to such
Lender its Pro Rata Share of such payment (appropriately adjusted, in the case of interest
payments, to reflect the period of time during which such Lender’s risk participation was funded)
in the same funds as those received by the Swing Line Lender.

(b) If any payment received by the Swing Line Lender in respect of principal or
interest on any Swing Line Loan is required to be returned by the Swing Line Lender under
any of the circumstances described in Section 10.06 (including pursuant to any settlement
entered into by the Swing Line Lender in its discretion), each Revolving Credit Lender shall
pay to the Swing Line Lender its Pro Rata Share thereof on demand of the Administrative
Agent, plus interest thereon from the date of such demand to the date such amount is
returned, at a rate per annum equal to the applicable Overnight Rate. The Administrative
Agent will make such demand upon the request of the Swing Line Lender.

(e) Interest for Account of Swing Line Lender. The Swing Line Lender shall be responsible
for invoicing the Company for interest on the Swing Line Loans. Until each Revolving Credit Lender
funds its Base Rate Loan or risk participation pursuant to this Section 2.04 to refinance such
Lender’s Pro Rata Share of any Swing Line Loan, interest in respect of such Pro Rata Share shall be
solely for the account of the Swing Line Lender.

(f) Payments Directly to Swing Line Lender. The Company shall make all payments of principal
and interest in respect of the Swing Line Loans directly to the Swing Line Lender.

SECTION 2.05. Prepayments. (a) Optional. (a) Any Borrower may, upon notice to the
Administrative Agent, at any time or from time to time voluntarily prepay Term Loans and Revolving
Credit Loans in whole or in part without premium or penalty, subject to clause (a)(iv) below;
provided that (1) such notice must be received by the Administrative Agent not later than 12:30
p.m. (New York, New York time or London, England time in the case of Loans denominated in an
Alternative Currency) (A) three (3) Business Days prior to any date of prepayment of Eurocurrency
Rate Loans and (B) on the date of prepayment of Base Rate Loans; (2) any prepayment of Eurocurrency
Rate Loans shall be in a principal amount of $5,000,000 or a whole multiple of $1,000,000 in excess
thereof (or comparable amounts determined by the Administrative Agent in the case of Alternative
Currency Loans); and (3) any

 

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prepayment of Base Rate Loans shall be in a principal amount of $1,000,000 or a whole multiple of $500,000
in excess thereof or, in each case, if less, the entire principal amount thereof then outstanding.
Each such notice shall specify the date and amount of such prepayment and the Class(es) and Type(s)
of Loans to be prepaid. The Administrative Agent will promptly notify each Appropriate Lender of
its receipt of each such notice, and of the amount of such Lender’s Pro Rata Share of such
prepayment. If such notice is given by a Borrower, such Borrower shall make such prepayment and
the payment amount specified in such notice shall be due and payable on the date specified therein.
Any prepayment of a Eurocurrency Rate Loan shall be accompanied by all accrued interest thereon,
together with any additional amounts required pursuant to Section 3.05. Each prepayment of
principal of, and interest on, Alternative Currency Loans shall be made in the relevant Alternative
Currency. Each prepayment of the Loans pursuant to this Section 2.05(a) shall be paid to the
Appropriate Lenders in accordance with their respective Pro Rata Shares.

(b) The Company may, upon notice to the Swing Line Lender (with a copy to the
Administrative Agent), at any time or from time to time, voluntarily prepay Swing Line Loans
in whole or in part without premium or penalty; provided that (1) such notice must be
received by the Swing Line Lender and the Administrative Agent not later than 1:00 p.m. on
the date of the prepayment, and (2) any such prepayment shall be in a minimum principal
amount of $100,000 or a whole multiple of $100,000 in excess thereof or, if less, the entire
principal amount thereof then outstanding. Each such notice shall specify the date and
amount of such prepayment. If such notice is given by the Company, the Company shall make
such prepayment and the payment amount specified in such notice shall be due and payable on
the date specified therein.

(c) Notwithstanding anything to the contrary contained in this Agreement, the Company
may rescind any notice of prepayment under Section 2.05(a)(i)or 2.05(a)(ii) if such
prepayment would have resulted from a refinancing of all of the Facilities, which
refinancing shall not be consummated or shall otherwise be delayed.

(d) All voluntary prepayments or mandatory prepayments required as a result of the
incurrence of Indebtedness pursuant to Section 2.05(b)(iv) of Incremental Term Loans
effected on or prior to the first anniversary of the First Refinancing Amendment Effective
Date with the proceeds of a substantially concurrent issuance or incurrence of Indebtedness
(including any replacement or incremental term loan facility effected pursuant to an
amendment of this Agreement) incurred for the primary purpose of repaying, refinancing,
substituting or replacing, in whole or in part, the Incremental Term Loans (and, in any
event, excluding any repayment, refinancing, substitution or replacement of the Incremental
Term Loans that may occur in connection with a larger strategic transaction of the Company)
will be accompanied by a prepayment fee equal to 1.00% of the aggregate principal amount of
such prepayment if the Applicable Rate or similar interest rate spread applicable to such
Indebtedness is, or upon satisfaction of certain conditions could be, less than the
Applicable Rate that would apply to the Incremental Term Loans (based on the definition of
Applicable Rate as in effect on the First Refinancing Amendment Effective Date). Such fee
shall be paid by the Company to the Administrative Agent, for the accounts of the relevant
Incremental Term Lenders, on the date of such prepayment.

 

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(b) Mandatory. (a) Within five (5) Business Days after financial statements have been
delivered pursuant to Section 6.01(a) and the related Compliance Certificate has been delivered
pursuant to Section 6.02(b), the Company shall cause to be prepaid an aggregate Dollar Amount of
Term Loans in an amount equal to (A) 50% of Excess Cash Flow, if any, for the fiscal year covered
by such financial statements (commencing with the fiscal year ended December 31, 2006)
minus (B) the sum of (i) all voluntary prepayments of Term Loans during such fiscal year
and (ii) all voluntary prepayments of Revolving Credit Loans during such fiscal year to the extent
the Revolving Credit Commitments are permanently reduced by the amount of such payments, in the
case of each of the immediately preceding clauses (i) and (ii), to the extent such prepayments are
not funded with the proceeds of Indebtedness; provided that no payment of any Loans shall be
required under this Section 2.05(b)(i) if the Total Leverage Ratio as of the last day of the fiscal
year covered by such financial statements was less than 5.00:1.

(b) (i) If (x) Holdings, the Company or any of Restricted Subsidiary Disposes of any
property or assets (other than any Disposition of any property or assets permitted by
Section 7.05(a), (b), (c), (d) (to the extent constituting a Disposition by any Restricted
Subsidiary to a Loan Party), (e), (f), (g), (h), (i) or (j)) or (y) any Casualty Event
occurs, which in the aggregate results in the realization or receipt by Holdings, the
Company or such Restricted Subsidiary of Net Cash Proceeds, the Company shall cause to be
prepaid on or prior to the date which is ten (10) Business Days after the date of the
realization or receipt of such Net Cash Proceeds an aggregate Dollar Amount of Term Loans in
an amount equal to 100% of all Net Cash Proceeds received; provided that no such prepayment
shall be required pursuant to this Section 2.05(b)(ii)(A) with respect to such portion of
such Net Cash Proceeds that the Company shall have, on or prior to such date, given written
notice to the Administrative Agent of its intent to reinvest in accordance with Section
2.05(b)(ii)(B) (which notice may only be provided if no Event of Default has occurred and is
then continuing);

(ii) With respect to any Net Cash Proceeds realized or received with respect
to any Disposition (other than any Disposition specifically excluded from the
application of Section 2.05(b)(ii)(A)) or any Casualty Event, at the option of the
Company the Company may reinvest all or any portion of such Net Cash Proceeds in
assets useful for its business within (x) fifteen (15) months following receipt of
such Net Cash Proceeds or (y) if the Company enters into a legally binding
commitment to reinvest such Net Cash Proceeds within fifteen (15) months following
receipt thereof, within one hundred and eighty (180) days of the date of such
legally binding commitment; provided that (i) so long as an Event of Default shall
have occurred and be continuing, the Company (x) shall not be permitted to make any
such reinvestments (other than pursuant to a legally binding commitment that the
Company entered into at a time when no Event of Default is continuing) and (y) shall
not be required to apply such Net Cash Proceeds which have been previously applied
to prepay Revolving Loans to the prepayment of Term Loans until such time as the
relevant investment period has expired and no Event of Default is continuing and
(ii) if any Net Cash Proceeds are no longer intended to be or cannot be so
reinvested at any time after delivery of a notice of reinvestment election, an
amount equal to any such Net Cash Proceeds shall be applied within five (5) Business
Days after the Company
reasonably determines that such Net Cash Proceeds are no longer intended to be
or cannot be so reinvested to the prepayment of the Term Loans as set forth in this
Section 2.05.

 

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(c) Notwithstanding the immediately preceding clause (ii), if Holdings, the Company or
any Restricted Subsidiary enters into (A) any incremental financings under the Receivables
Facility or (B) any increases in the amount available under the Receivables Facility, the
Company shall cause to be prepaid an aggregate Dollar Amount of Term Loans in an amount
equal to 100% of all Net Cash Proceeds received therefrom on or prior to the date which is
five (5) Business Days after the receipt of such Net Cash Proceeds.

(d) If Holdings, the Company or any Restricted Subsidiary incurs or issues any
Indebtedness not expressly permitted to be incurred or issued pursuant to Section 7.03, the
Company shall cause to be prepaid an aggregate Dollar Amount of Term Loans in an amount
equal to 100% of all Net Cash Proceeds received therefrom on or prior to the date which is
five (5) Business Days after the receipt of such Net Cash Proceeds.

(e) If for any reason the aggregate Revolving Credit Exposures at any time exceeds the
aggregate Revolving Credit Commitments then in effect (including pursuant to Section
2.17(b), the Company shall promptly prepay or cause to be promptly prepaid Revolving Credit
Loans and Swing Line Loans and/or Cash Collateralize the L/C Obligations in an aggregate
amount equal to such excess; provided that the Company shall not be required to Cash
Collateralize the L/C Obligations pursuant to this sentence unless after the prepayment in
full of the Revolving Credit Loans and Swing Line Loans such aggregate Outstanding Amount
exceeds the aggregate Revolving Credit Commitments then in effect.

(f) Each prepayment of Term Loans pursuant to this Section 2.05(b) shall be applied in
direct order of maturity to repayments thereof required pursuant to Section 2.07(a); and
each such prepayment shall be paid to the Lenders in accordance with their respective Pro
Rata Shares, subject to clause (vii) of this Section 2.05(b).

(g) The Company shall notify the Administrative Agent in writing of any mandatory
prepayment of Term Loans required to be made pursuant to clauses (i) through (iv) of this
Section 2.05(b) at least three (3) Business Days prior to the date of such prepayment. Each
such notice shall specify the date of such prepayment and provide a reasonably detailed
calculation of the amount of such prepayment. The Administrative Agent will promptly notify
each Appropriate Lender of the contents of the Company’s prepayment notice and of such
Appropriate Lender’s Pro Rata Share of the prepayment.

 

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(h) Funding Losses, Etc. All prepayments under this Section 2.05 shall be made
together with, in the case of any such prepayment of a Eurocurrency Rate Loan on a date
other than the last day of an Interest Period therefor, any amounts owing in respect of such
Eurocurrency Rate Loan pursuant to Section 3.05. Notwithstanding any of the other
provisions of Section 2.05(b), so long as no Event of Default shall have occurred
and be continuing, if any prepayment of Eurocurrency Rate Loans is required to be made
under this Section 2.05(b), other than on the last day of the Interest Period therefor, the
relevant Borrower may, in its sole discretion, deposit the amount of any such prepayment
otherwise required to be made thereunder into a Cash Collateral Account until the last day
of such Interest Period, at which time the Administrative Agent shall be authorized (without
any further action by or notice to or from any Borrower or any other Loan Party) to apply
such amount to the prepayment of such Loans in accordance with this Section 2.05(b). Upon
the occurrence and during the continuance of any Event of Default, the Administrative Agent
shall also be authorized (without any further action by or notice to or from any Borrower or
any other Loan Party) to apply such amount to the prepayment of the outstanding Loans in
accordance with this Section 2.05(b).

SECTION 2.06. Termination or Reduction of Commitments.
(a) Optional. The Company may, upon written notice to the Administrative Agent, terminate
the unused Commitments of any Class, or from time to time permanently reduce the unused Commitments
of any Class; provided that (i) any such notice shall be received by the Administrative Agent three
(3) Business Days prior to the date of termination or reduction, (ii) any such partial reduction
shall be in an aggregate amount of $1,000,000 or any whole multiple of $500,000 in excess thereof
and (iii) if, after giving effect to any reduction of the Commitments, (1) the Letter of Credit
Sublimit or the Swing Line Sublimit exceeds the amount of the Revolving Credit Facility, such
sublimit shall be automatically reduced by the amount of such excess and (2) the Alternative
Currency Sublimit exceeds the Alternative Currency Revolving Credit Facility, such sublimit shall
be automatically reduced by the amount of such excess. The amount of any such Commitment reduction
shall not be applied to the Letter of Credit Sublimit, the Swing Line Sublimit or the Alternative
Currency Sublimit unless otherwise specified by the Company. Notwithstanding the foregoing, the
Company may rescind or postpone any notice of termination of the Commitments if such termination
would have resulted from a refinancing of all of the Facilities, which refinancing shall not be
consummated or otherwise shall be delayed.

(b) Mandatory. The U.S. Term Commitment of each U.S. Term Lender shall be automatically and
permanently reduced to $0 upon the conversion of all or a portion of such U.S. Term Lender’s U.S.
Term Loans into Tranche B U.S. Term Loans pursuant to Section 2.01(a). The U.K. Term Commitment of
each U.K. Term Lender shall be automatically and permanently reduced to $0 upon the conversion of
all or a portion of such U.K. Term Lender’s U.K. Term Loans into Tranche B U.K. Term Loans pursuant
to Section 2.01(b). The Euro Term Commitment of each Euro Term Lender shall be automatically and
permanently reduced to $0 upon the conversion of all or a portion of such Euro Term Lender’s Euro
Term Loans into Tranche B Euro Term Loans pursuant to Section 2.01(c). The Incremental Term
Commitment of each Incremental Term Lender shall be automatically and permanently reduced to $0
upon the making of such Incremental Term Lender’s Incremental Term Loans pursuant to Section
2.01(e).

(c) Application of Commitment Reductions; Payment of Fees. The Administrative Agent will
promptly notify the Lenders of any termination or reduction of unused portions of the Letter of
Credit Sublimit, or the Swing Line Sublimit, or the Alternative Currency Sublimit or the unused
Commitments of any Class under this Section 2.06. Upon any reduction of unused Commitments of any
Class, the Commitment of each Lender of such Class shall be
reduced by such Lender’s Pro Rata Share of the amount by which such Commitments are reduced
(other than the termination of the Commitment of any Lender as provided in Section 3.07). All
commitment fees accrued until the effective date of any termination of the Aggregate Commitments
shall be paid on the effective date of such termination.

 

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SECTION 2.07. Repayment of Loans. (a) U.S. Term Loans. The Company shall repay to
the Administrative Agent for the ratable account of the U.S. Term Lenders (i) on the last Business
Day of each March, June, September and December, commencing with the first such date to occur after
the First Amendment Effective Date, an aggregate Dollar Amount equal to 0.25% of the aggregate
Dollar Amount of all U.S. Term Loans outstanding on the First Amendment Effective Date, it being
understood that such Loans were subsequently converted into Tranche A U.S. Term Loans and Tranche B
U.S. Term Loans, which will continue to be paid their ratable share of such amortization payments
(which payments shall be reduced as a result of the application of prepayments in accordance with
the order of priority set forth in Section 2.05) and (ii) on the Maturity Date for each Class of
U.S. Term Loans, the aggregate principal amount of such U.S. Term Loans outstanding on such date.

(b) U.K. Term Loans. The Overseas Term Borrower shall repay to the Administrative Agent for
the ratable account of the U.K. Term Lenders (i) on the last Business Day of each March, June,
September and December, commencing with the first such date to occur after the First Amendment
Effective Date, an aggregate Dollar Amount equal to 0.25% of the aggregate Dollar Amount of all
U.K. Term Loans outstanding on the First Amendment Effective Date, it being understood that such
Loans were subsequently converted into Tranche A U.K. Term Loans and Tranche B U.K. Term Loans,
which will continue to be paid their ratable share of such amortization payments (which payments
shall be reduced as a result of the application of prepayments in accordance with the order of
priority set forth in Section 2.05) and (ii) on the Maturity Date for each Class of U.K. Term
Loans, the aggregate principal amount of such U.K. Term Loans outstanding on such date.

(c) Euro Term Loans. The Euro Term Borrower shall repay to the Administrative Agent for the
ratable account of the Euro Term Lenders (i) on the last Business Day of each March, June,
September and December, commencing with the first such date to occur after the First Amendment
Effective Date, an aggregate Dollar Amount equal to 0.25% of the aggregate Dollar Amount of all
Euro Term Loans outstanding on the First Amendment Effective Date, it being understood that such
Loans were subsequently converted into Tranche A Euro Term Loans and Tranche B Euro Term Loans,
which will continue to be paid their ratable share of such amortization payments (which payments
shall be reduced as a result of the application of prepayments in accordance with the order of
priority set forth in Section 2.05) and (ii) on the Maturity Date for each Class of Euro Term
Loans, the aggregate principal amount of such Euro Term Loans outstanding on such date.

(d) Revolving Credit Loans. Each Borrower shall repay to the Administrative Agent for the
ratable account of the Appropriate Lenders on the Maturity Date for the 2013 Revolving Credit
Commitments, the aggregate principal amount of all the 2013 Revolving Credit Loans outstanding on
such date.

 

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(e) Swing Line Loans. The Company shall repay its Swing Line Loans on the earlier to occur
of (i) the date five (5) Business Days after such Loan is made and (ii) the Maturity Date for the
Revolving Credit Facility.

(f) Incremental Term Loans. The Company shall repay to the Administrative Agent for the
ratable account of the Incremental Term Lenders (i) on the last Business Day of each March, June,
September and December, commencing with the first such date to occur after the First Refinancing
Amendment Effective Date, an aggregate Dollar Amount equal to 0.25% of the aggregate Dollar Amount
of all Incremental Term Loans outstanding on the First Refinancing Amendment Effective Date (which
payments shall be reduced as a result of the application of prepayments in accordance with the
order of priority set forth in Section 2.05) and (ii) on the Maturity Date for the Incremental Term
Loans, the aggregate principal amount of all Incremental Term Loans outstanding on such date.

SECTION 2.08. Interest. (a) Subject to the provisions of Section 2.08(b), (i) each
Eurocurrency Rate Loan shall bear interest on the outstanding principal amount thereof for each
Interest Period at a rate per annum equal to the Eurocurrency Rate for such Interest Period plus
the Applicable Rate plus (in the case of a Eurocurrency Rate Loan of any Lender which is lent from
a Lending Office in the United Kingdom or a Participating Member State) the Mandatory Cost; (ii)
each Base Rate Loan shall bear interest on the outstanding principal amount thereof from the
applicable borrowing date at a rate per annum equal to the Base Rate plus the Applicable Rate and
(iii) each Swing Line Loan shall bear interest on the outstanding principal amount thereof from the
applicable borrowing date at a rate per annum equal to the Base Rate plus the Applicable Rate for
Revolving Credit Loans.

(b) Each Borrower shall pay interest on past due amounts hereunder at a fluctuating interest
rate per annum at all times equal to the Default Rate to the fullest extent permitted by applicable
Laws. Accrued and unpaid interest on past due amounts (including interest on past due interest)
shall be due and payable upon demand.

(c) Interest on each Loan shall be due and payable in arrears on each Interest Payment Date
applicable thereto and at such other times as may be specified herein. Interest hereunder shall be
due and payable in accordance with the terms hereof before and after judgment, and before and after
the commencement of any proceeding under any Debtor Relief Law.

SECTION 2.09. Fees. In addition to certain fees described in Sections 2.03(h) and
(i):

(a) Commitment Fee. The Company shall pay to the Administrative Agent for the account of
each Revolving Credit Lender in accordance with its Pro Rata Share, a commitment fee equal to the
Applicable Rate with respect to commitment fees times the actual daily amount by which the
aggregate Revolving Credit Commitment exceeds the sum of (A) Outstanding Amount of Revolving Credit
Loans and (B) the Outstanding Amount of L/C Obligations; provided that any commitment fee accrued
with respect to any of the Commitments of a Defaulting Lender during the period prior to the time
such Lender became a Defaulting Lender and unpaid at

 

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such time shall not be payable by the Company
so long as such Lender shall be a Defaulting Lender except to the extent that such commitment fee shall otherwise have been
due and payable by the Company prior to such time; and provided further that no commitment fee
shall accrue on any of the Commitments of a Defaulting Lender so long as such Lender shall be a
Defaulting Lender. The commitment fee shall accrue at all times from the date hereof until the
Maturity Date for the Revolving Credit Facility, including at any time during which one or more of
the conditions in Article 4 is not met, and shall be due and payable quarterly in arrears on the
last Business Day of each March, June, September and December, commencing with the first such date
to occur after the Closing Date, and on the Maturity Date for the Revolving Credit Facility. The
commitment fee shall be calculated quarterly in arrears, and if there is any change in the
Applicable Rate during any quarter, the actual daily amount shall be computed and multiplied by the
Applicable Rate separately for each period during such quarter that such Applicable Rate was in
effect.

(b) Other Fees. The Company shall pay to the Agents such fees as shall have been separately
agreed upon in writing in the amounts and at the times so specified. Such fees shall be fully
earned when paid and shall not be refundable for any reason whatsoever (except as expressly agreed
between the Company and the applicable Agent).

SECTION 2.10. Computation of Interest and Fees. All computations of interest for
Base Rate Loans when the Base Rate is determined by JPMorgan Chase Bank’s “prime rate” and for
Alternative Currency Loans denominated in Sterling shall be made on the basis of a year of three
hundred and sixty-five (365) days and actual days elapsed. All other computations of fees and
interest shall be made on the basis of a three hundred and sixty (360) day year and actual days
elapsed. Interest shall accrue on each Loan for the day on which the Loan is made, and shall not
accrue on a Loan, or any portion thereof, for the day on which the Loan or such portion is paid;
provided that any Loan that is repaid on the same day on which it is made shall, subject to Section
2.12(a), bear interest for one (1) day. Each determination by the Administrative Agent of an
interest rate or fee hereunder shall be conclusive and binding for all purposes, absent manifest
error.

SECTION 2.11. Evidence of Indebtedness. (a) The Credit Extensions made by each
Lender shall be evidenced by one or more accounts or records maintained by such Lender and
evidenced by one or more entries in the Register maintained by the Administrative Agent, acting
solely for purposes of Treasury Regulation Section 5f.103-1(c), as agent for the Borrowers, in each
case in the ordinary course of business. The accounts or records maintained by the Administrative
Agent and each Lender shall be prima facie evidence absent manifest error of the amount of the
Credit Extensions made by the Lenders to the Borrowers and the interest and payments thereon. Any
failure to so record or any error in doing so shall not, however, limit or otherwise affect the
obligation of the Borrowers hereunder to pay any amount owing with respect to the Obligations. In
the event of any conflict between the accounts and records maintained by any Lender and the
accounts and records of the Administrative Agent in respect of such matters, the accounts and
records of the Administrative Agent shall control in the absence of manifest error. Upon the
request of any Lender made through the Administrative Agent, the Borrowers shall execute and
deliver to such Lender (through the Administrative Agent) a Note payable to such Lender, which
shall evidence such Lender’s Loans in addition to such accounts or records. Any such Note
evidencing a Term Loan prior to the Restatement Effective Date may be exchanged, upon the request
of the relevant Term Lender through the Administrative Agent
and the surrender to the Administrative Agent of such existing Note, for Notes that the
Company, the Overseas Term Borrower or the Euro Term Borrower, as applicable, will execute and
deliver through the Administrative Agent, evidencing the Tranche A Term Loans and Tranche B Term
Loans into which such Term Loan was converted on the Restatement Effective Date. Each Lender may
attach schedules to its Note and endorse thereon the date, Type (if applicable), amount and
maturity of its Loans and payments with respect thereto.

 

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(b) In addition to the accounts and records referred to in Section 2.11(a), each Lender and
the Administrative Agent shall maintain in accordance with its usual practice accounts or records
and, in the case of the Administrative Agent, entries in the Register, evidencing the purchases and
sales by such Lender of participations in Letters of Credit and Swing Line Loans. In the event of
any conflict between the accounts and records maintained by the Administrative Agent and the
accounts and records of any Lender in respect of such matters, the accounts and records of the
Administrative Agent shall control in the absence of manifest error.

(c) Entries made in good faith by the Administrative Agent in the Register pursuant to
Sections 2.11(a) and (b), and by each Lender in its account or accounts pursuant to Sections
2.11(a) and (b), shall be prima facie evidence of the amount of principal and interest due and
payable or to become due and payable from the Borrowers to, in the case of the Register, each
Lender and, in the case of such account or accounts, such Lender, under this Agreement and the
other Loan Documents, absent manifest error; provided that the failure of the Administrative Agent
or such Lender to make an entry, or any finding that an entry is incorrect, in the Register or such
account or accounts shall not limit or otherwise affect the obligations of the Borrowers under this
Agreement and the other Loan Documents.

SECTION 2.12. Payments Generally. (a) All payments to be made by the Borrowers
shall be made without condition or deduction for any counterclaim, defense, recoupment or setoff.
Except as otherwise expressly provided herein and except with respect to principal of and interest
on Loans denominated in an Alternative Currency, all payments by the Borrowers hereunder shall be
made to the Administrative Agent, for the account of the respective Lenders to which such payment
is owed, at the applicable Administrative Agent’s Office in Dollars and in Same Day Funds not later
than 2:00 p.m. on the date specified herein. Except as otherwise expressly provided herein, all
payments by the Borrowers hereunder with respect to principal and interest on Loans denominated in
an Alternative Currency shall be made to the Administrative Agent, for the account of the
respective Lenders to which such payment is owed, at the applicable Administrative Agent’s Office
in such Alternative Currency and in Same Day Funds not later than 2:00 p.m. (London time) on the
dates specified herein. If, for any reason, any Borrower is prohibited by any Law from making any
required payment hereunder in an Alternative Currency, such Borrower shall make such payment in
Dollars in the Dollar Amount of the Alternative Currency payment amount. The Administrative Agent
will promptly distribute to each Lender its Pro Rata Share (or other applicable share as provided
herein) of such payment in like funds as received by wire transfer to such Lender’s Lending Office.
All payments received by the Administrative Agent (i) after 2:00 p.m., in the case of payments in
Dollars, or (ii) after 2:00 p.m. (London time) in the case of payments in an Alternative Currency,
shall in each case be deemed received on the next succeeding Business Day and any applicable
interest or fee shall continue to accrue.

 

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(b) If any payment to be made by any Borrower shall come due on a day other than a Business
Day, payment shall be made on the next following Business Day, and such extension of time shall be
reflected in computing interest or fees, as the case may be; provided that, if such extension would
cause payment of interest on or principal of Eurocurrency Rate Loans to be made in the next
succeeding calendar month, such payment shall be made on the immediately preceding Business Day.

(c) Unless any Borrower or any Lender has notified the Administrative Agent, prior to the
date any payment is required to be made by it to the Administrative Agent hereunder, that such
Borrower or such Lender, as the case may be, will not make such payment, the Administrative Agent
may assume that such Borrower or such Lender, as the case may be, has timely made such payment and
may (but shall not be so required to), in reliance thereon, make available a corresponding amount
to the Person entitled thereto. If and to the extent that such payment was not in fact made to the
Administrative Agent in Same Day Funds, then:

(a) if any Borrower failed to make such payment, each Lender shall forthwith on demand
repay to the Administrative Agent the portion of such assumed payment that was made
available to such Lender in Same Day Funds, together with interest thereon in respect of
each day from and including the date such amount was made available by the Administrative
Agent to such Lender to the date such amount is repaid to the Administrative Agent in Same
Day Funds at the applicable Overnight Rate from time to time in effect; and

(b) if any Lender failed to make such payment, such Lender shall forthwith on demand
pay to the Administrative Agent the amount thereof in Same Day Funds, together with interest
thereon for the period from the date such amount was made available by the Administrative
Agent to the relevant Borrower to the date such amount is recovered by the Administrative
Agent (the “Compensation Period”) at a rate per annum equal to the applicable Overnight Rate
from time to time in effect. When such Lender makes payment to the Administrative Agent
(together with all accrued interest thereon), then such payment amount (excluding the amount
of any interest which may have accrued and been paid in respect of such late payment) shall
constitute such Lender’s Loan included in the applicable Borrowing. If such Lender does not
pay such amount forthwith upon the Administrative Agent’s demand therefor, the
Administrative Agent may make a demand therefor upon the relevant Borrower, and the relevant
Borrower shall pay such amount to the Administrative Agent, together with interest thereon
for the Compensation Period at a rate per annum equal to the rate of interest applicable to
the applicable Borrowing. Nothing herein shall be deemed to relieve any Lender from its
obligation to fulfill its Commitment or to prejudice any rights which the Administrative
Agent or any Borrower may have against any Lender as a result of any default by such Lender
hereunder.

 

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A notice of the Administrative Agent to any Lender or the relevant Borrower with respect to
any amount owing under this Section 2.12(c) shall be conclusive, absent manifest error.

(d) If any Lender makes available to the Administrative Agent funds for any Loan to be made
by such Lender as provided in the foregoing provisions of this Article 2, and such funds are not
made available to the relevant Borrower by the Administrative Agent because the conditions to the
applicable Credit Extension set forth in Article 4 are not satisfied or waived in accordance with
the terms hereof, the Administrative Agent shall return such funds (in like funds as received from
such Lender) to such Lender, without interest.

(e) The obligations of the Lenders hereunder to make Loans and to fund participations in
Letters of Credit and Swing Line Loans are several and not joint. The failure of any Lender to
make any Loan or to fund any such participation on any date required hereunder shall not relieve
any other Lender of its corresponding obligation to do so on such date, and no Lender shall be
responsible for the failure of any other Lender to so make its Loan or purchase its participation.

(f) Nothing herein shall be deemed to obligate any Lender to obtain the funds for any Loan in
any particular place or manner or to constitute a representation by any Lender that it has obtained
or will obtain the funds for any Loan in any particular place or manner.

(g) Whenever any payment received by the Administrative Agent under this Agreement or any of
the other Loan Documents is insufficient to pay in full all amounts due and payable to the
Administrative Agent and the Lenders under or in respect of this Agreement and the other Loan
Documents on any date, such payment shall be distributed by the Administrative Agent and applied by
the Administrative Agent and the Lenders in the order of priority set forth in Section 8.04. If
the Administrative Agent receives funds for application to the Obligations of the Loan Parties
under or in respect of the Loan Documents under circumstances for which the Loan Documents do not
specify the manner in which such funds are to be applied, the Administrative Agent may, but shall
not be obligated to, elect to distribute such funds to each of the Lenders in accordance with such
Lender’s Pro Rata Share of the sum of (a) the Outstanding Amount of all Loans outstanding at such
time and (b) the Outstanding Amount of all L/C Obligations outstanding at such time, in repayment
or prepayment of such of the outstanding Loans or other Obligations then owing to such Lender.

SECTION 2.13. Sharing of Payments. If, other than as expressly provided elsewhere
herein, any Lender shall obtain on account of the Loans made by it, or the participations in L/C
Obligations and Swing Line Loans held by it, any payment (whether voluntary, involuntary, through
the exercise of any right of setoff, or otherwise) in excess of its ratable share (or other share
contemplated hereunder) thereof, such Lender shall immediately (a) notify the Administrative Agent
of such fact, and (b) purchase from the other Lenders such participations in the Loans made by them
and/or such subparticipations in the participations in L/C Obligations or Swing Line Loans held by
them, as the case may be, as shall be necessary to cause such purchasing Lender to share the excess
payment in respect of such Loans or such participations, as the case may be, pro rata with each of
them; provided that if all or any portion of such excess payment is thereafter recovered from the
purchasing Lender under any of the circumstances described in Section 10.06 (including pursuant to
any settlement entered into by the purchasing Lender in its discretion), such purchase shall to
that extent be rescinded and each other Lender shall repay to the purchasing Lender the purchase
price paid therefor, together with an

 

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amount equal to such paying Lender’s ratable share (according
to the proportion of (i) the amount of such paying Lender’s required repayment to (ii) the total amount so recovered from
the purchasing Lender) of any interest or other amount paid or payable by the purchasing Lender in
respect of the total amount so recovered, without further interest thereon. Each Borrower agrees
that any Lender so purchasing a participation from another Lender may, to the fullest extent
permitted by applicable Law, exercise all its rights of payment (including the right of setoff, but
subject to Section 10.09) with respect to such participation as fully as if such Lender were the
direct creditor of such Borrower in the amount of such participation. The Administrative Agent
will keep records (which shall be conclusive and binding in the absence of manifest error) of
participations purchased under this Section 2.13 and will in each case notify the Lenders following
any such purchases or repayments. Each Lender that purchases a participation pursuant to this
Section 2.13 shall from and after such purchase have the right to give all notices, requests,
demands, directions and other communications under this Agreement with respect to the portion of
the Obligations purchased to the same extent as though the purchasing Lender were the original
owner of the Obligations purchased.

SECTION 2.14. Designation of Overseas Revolver Borrower; Termination of Designations.
(a) The Company may from time to time designate any Qualified Foreign Subsidiary as an additional
Overseas Revolver Borrower for purposes of this Agreement by delivering to the Administrative Agent
an Election to Participate duly executed on behalf of such Subsidiary and the Company in such
number of copies as the Administrative Agent may request. The Administrative Agent shall promptly
notify the Lenders of its receipt of any such Election to Participate.

(b) The Company may at any time terminate the status of any Subsidiary as an Overseas
Revolver Borrower for purposes of this Agreement by delivering to the Administrative Agent an
Election to Terminate duly executed on behalf of such Subsidiary and the Company in such number of
copies as the Administrative Agent may request. The delivery of such an Election to Terminate
shall not affect any obligation of such Subsidiary theretofore incurred under this Agreement or any
other Loan Document or any rights of the Lenders and the Agents against such Subsidiary or against
the Company in its capacity as guarantor of the obligations of such Subsidiary. The Administrative
Agent shall promptly notify the Lenders of its receipt of any such Election to Terminate.

SECTION 2.15. Incremental Credit Extensions. (a) The Company may at any time or
from time to time after the Closing Date, by notice to the Administrative Agent (whereupon the
Administrative Agent shall promptly deliver a copy to each of the Lenders), request (a) one or more
additional tranches of term loans (the “Incremental Term Loans”) or (b) one or more increases in
the amount of the Revolving Credit Commitments (each such increase, a “Revolving Commitment
Increase”), provided that (i) both at the time of any such request and upon the effectiveness of
any Incremental Amendment referred to below, no Default or Event of Default shall exist and at the
time that any such Incremental Term Loan is made (and after giving effect thereto) no Default or
Event of Default shall exist and (ii) the Company shall be in compliance with each of the covenants
set forth in Section 7.11 determined on a Pro Forma Basis as of the date of such Incremental Term
Loan or Revolving Commitment Increase and the last day of the most recent Test Period, in each
case, as if such Incremental Term Loans or Revolving Commitment Increases, as applicable, had been
outstanding on the last day of such fiscal quarter of the Company for testing compliance therewith.
Each tranche of Incremental

 

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Term Loans and each Revolving Commitment Increase shall be in an aggregate principal amount
that is not less than $50,000,000 (provided that such amount may be less than $50,000,000 if such
amount represents all remaining availability under the limit set forth in the next sentence).
Notwithstanding anything to the contrary herein, the aggregate amount of the Incremental Term Loans
and the Revolving Commitment Increases shall not exceed the sum of $750,000,000 and the Receivables
Facility Shortfall Amount, as reduced from time to time; provided that the aggregate amount of the
Revolving Commitment Increases shall not exceed $750,000,000. The Incremental Term Loans (a) shall
rank pari passu in right of payment and of security with the Revolving Credit Loans
and the Term Loans, (b) shall not mature earlier than the Maturity Date with respect to the Term
Loans and (c) except as set forth above, shall be treated substantially the same as the Term Loans
(in each case, including with respect to mandatory and voluntary prepayments), provided that (i)
the terms and conditions applicable to Incremental Term Loans may be materially different from
those of the Term Loans to the extent such differences are reasonably acceptable to the Arrangers
and (ii) the interest rates and amortization schedule applicable to the Incremental Term Loans
shall be determined by the Company and the lenders thereof. Each notice from the Company pursuant
to this Section shall set forth the requested amount and proposed terms of the relevant Incremental
Term Loans or Revolving Commitment Increases. Incremental Term Loans may be made, and Revolving
Commitment Increases may be provided, by any existing Lender (and each existing Term Lender will
have the right, but not an obligation, to make a portion of any Incremental Term Loan, and each
existing Revolving Credit Lender will have the right to provide a portion of any Revolving
Commitment Increase, in each case on terms permitted in this Section 2.15 and otherwise on terms
reasonably acceptable to the Administrative Agent) or by an Additional Lender; provided that the
Administrative Agent shall have consented (not to be unreasonably withheld) to such Lender’s or
Additional Lender’s making such Incremental Term Loans or providing such Revolving Commitment
Increases if such consent would be required under Section 10.07(b) for an assignment of Loans or
Revolving Credit Commitments, as applicable, to such Lender or Additional Lender. Commitments in
respect of Incremental Term Loans and Revolving Commitment Increases shall become Commitments (or
in the case of a Revolving Commitment Increase to be provided by an existing Revolving Credit
Lender, an increase in such Lender’s applicable Revolving Credit Commitment) under this Agreement
pursuant to an amendment (an “Incremental Amendment”) to this Agreement and, as appropriate, the
other Loan Documents, executed by Holdings, the Company, each Lender agreeing to provide such
Commitment, if any, each Additional Lender, if any, and the Administrative Agent. The Incremental
Amendment may, without the consent of any other Lenders, effect such amendments to this Agreement
and the other Loan Documents as may be necessary or appropriate, in the reasonable opinion of the
Administrative Agent and the Company, to effect the provisions of this Section. The effectiveness
of any Incremental Amendment shall be subject to the satisfaction on the date thereof (each, an
“Incremental Facility Closing Date”) of each of the conditions set forth in Section 4.02 (it being
understood that all references to “the date of such Credit Extension” or similar language in such
Section 4.02 shall be deemed to refer to the effective date of such Incremental Amendment) and such
other conditions as the parties thereto shall agree. The Company will use the proceeds of the
Incremental Term Loans and Revolving Commitment Increases for any purpose not prohibited by this
Agreement. No Lender shall be obligated to provide any Incremental Term Loans or Revolving
Commitment Increases, unless

 

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it so agrees. Upon each increase in the Revolving Credit Commitments
pursuant to this Section, each Revolving Credit Lender immediately prior to such increase will automatically and without
further act be deemed to have assigned to each Lender providing a portion of the Revolving
Commitment Increase (each a “Revolving Commitment Increase Lender”) in respect of such increase,
and each such Revolving Commitment Increase Lender will automatically and without further act be
deemed to have assumed, a portion of such Revolving Credit Lender’s participations hereunder in
outstanding Letters of Credit and Swing Line Loans such that, after giving effect to each such
deemed assignment and assumption of participations, the percentage of the aggregate outstanding (i)
participations hereunder in Letters of Credit and (ii) participations hereunder in Swing Line Loans
held by each Revolving Credit Lender (including each such Revolving Commitment Increase Lender)
will equal the percentage of the aggregate Revolving Credit Commitments of all Revolving Credit
Lenders represented by such Revolving Credit Lender’s Revolving Credit Commitment and (b) if, on
the date of such increase, there are any Revolving Credit Loans outstanding, such Revolving Credit
Loans shall on or prior to the effectiveness of such Revolving Commitment Increase be prepaid from
the proceeds of additional Revolving Credit Loans made hereunder (reflecting such increase in
Revolving Credit Commitments), which prepayment shall be accompanied by accrued interest on the
Revolving Credit Loans being prepaid and any costs incurred by any Lender in accordance with
Section 3.05. The Administrative Agent and the Lenders hereby agree that the minimum borrowing,
pro rata borrowing and pro rata payment requirements contained
elsewhere in this Agreement shall not apply to the transactions effected pursuant to the
immediately preceding sentence.

(b) This Section 2.15 shall supersede any provisions in Section 2.13 or 10.01 to the
contrary.

SECTION 2.16. Overseas Borrower Costs. (a) If the cost to any Lender of making or
maintaining any Loan to an Overseas Borrower is increased (or the amount of any sum received or
receivable by any Lender or its Lending Office is reduced) by an amount deemed by such Lender to be
material, by reason of the fact that such Overseas Borrower is incorporated in, or conducts
business in, a jurisdiction outside the United States, such Overseas Borrower shall indemnify such
Lender for such increased cost or reduction within fifteen (15) days after demand by such Lender
(with a copy to the Administrative Agent) (excluding for purposes of this Section 2.16 any such
increased costs resulting from (i) Taxes or Other Taxes (as to which Section 3.01 shall govern),
(ii) changes in the basis of taxation of overall net income or overall gross income (including
branch profits), and franchise (and similar) taxes imposed in lieu of net income taxes, by the
United States or any foreign jurisdiction or any political subdivision of either thereof under the
Laws of which such Lender is organized or maintains a Lending Office, (iii) reserve requirements
contemplated by Section 3.04(c) (as to which Section 3.04(c) shall govern) and (iv) the
requirements of the Bank of England and the Financial Services Authority or the European Central
Bank reflected in the Mandatory Cost (as to which Section 3.04(a) shall govern). A certificate of
such Lender claiming compensation under this Section 2.16 and setting forth the additional amount
or amounts to be paid to it hereunder in reasonable detail shall be conclusive in the absence of
manifest error.

 

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(b) Each Lender will promptly notify the Company, the relevant Overseas Borrower and the
Administrative Agent of any event or circumstance of which it has knowledge that will entitle such
Lender to compensation pursuant to this Section 2.16. If any Lender requests compensation under
this Section 2.16, then such Lender will, if requested by the
Company, use commercially reasonable efforts to designate another Lending Office for any Loan
or Letter of Credit affected by such event; provided that such efforts are made on terms that, in
the reasonable judgment of such Lender, cause such Lender and its Lending Office(s) to suffer no
material economic, legal or regulatory disadvantage.

SECTION 2.17. Currency Equivalents. (a) The Administrative Agent shall determine
the Dollar Amount of each Alternative Currency Loan and L/C Obligation in respect of Letters of
Credit denominated in an Alternative Currency (i) in the case of any Term Loan, as of the Closing
Date, and (ii) otherwise, (A) as of the first day of each Interest Period applicable thereto and
(B) as of the end of each fiscal quarter of the Company, and shall promptly notify the relevant
Borrower and the Lenders of each Dollar Amount so determined by it. Each such determination shall
be based on the Exchange Rate (x) on the date of the related Borrowing Request for purposes of the
initial such determination for any Alternative Currency Loan and (y) on the fourth Business Day
prior to the date as of which such Dollar Amount is to be determined, for purposes of any
subsequent determination.

(b) If after giving effect to any such determination of a Dollar Amount, the aggregate
Outstanding Amount of the Revolving Credit Loans, the Swing Line Loans and the L/C Obligations
exceeds the aggregate Revolving Credit Commitments then in effect by 5% or more, the Company shall,
within five (5) Business Days of receipt of notice thereof from the Administrative Agent setting
forth such calculation in reasonable detail, prepay or cause to be prepaid outstanding Revolving
Credit Loans and/or Swing Line Loans (as selected by the Company and notified to the Lenders
through the Administrative Agent not less than three (3) Business Days prior to the date of
prepayment) or take other action (including, in the Company’s discretion, cash collateralization of
L/C Obligations in amounts from time to time equal to such excess) to the extent necessary to
eliminate any such excess.

SECTION 2.18. Refinancing Amendments. At any time after the Restatement Effective
Date, the Company or any Overseas Borrower may obtain from any Lender or any Additional Lender
Credit Agreement Refinancing Indebtedness in respect of (a) all or any portion of the Term Loans
then outstanding under this Agreement (which for purposes of this clause (a) will be deemed to
include any then outstanding Other Term Loans) or (b) all or any portion of the Revolving Credit
Loans (or unused Revolving Credit Commitments) under this Agreement (which for purposes of this
clause (b) will be deemed to include any then outstanding Other Revolving Loans and Other Revolving
Commitments), in the form of (x) Other Term Loans or Other Term Commitments or (y) Other Revolving
Credit Loans or Other Revolving Credit Commitments, respectively, in each case pursuant to a
Refinancing Amendment; provided that such Credit Agreement Refinancing Indebtedness (i) will rank
pari passu in right of payment and of security with the other Loans and Commitments hereunder, (ii)
have such pricing and optional prepayment terms as may be agreed by the Company and the Lenders
thereof and (iii) otherwise be treated hereunder no more favorably, including with respect to
covenants and events of default, than the Refinanced Debt; provided further that the terms and
conditions applicable to such Credit Agreement Refinancing Indebtedness may provide for any
additional or different financial or other covenants or other provisions that are agreed between
the Company and the Lenders thereof and applicable only during periods after the Latest Maturity
Date that is in effect on the date such Credit Agreement Refinancing Indebtedness is issued,
incurred or obtained. The effectiveness of any Refinancing

 

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Amendment shall be subject to the satisfaction on the date thereof of each of the conditions set forth in Section 4.02
and, to the extent reasonably requested by the Administrative Agent, receipt by the Administrative
Agent of legal opinions, board resolutions, officers’ certificates and/or reaffirmation agreements
consistent with those delivered on the Restatement Effective Date under Section 7 of the Amendment
and Restatement Agreement other than changes to such legal opinion resulting from a change in law,
change in fact or change to counsel’s form of opinion reasonably satisfactory to the Administrative
Agent. Each Tranche of Credit Agreement Refinancing Indebtedness incurred under this Section 2.18
shall be in an aggregate principal amount that is not less than $50,000,000. Any Refinancing
Amendment may provide for the issuance of Letters of Credit for the account of the Company, or the
provision to the Company of Swing Line Loans, pursuant to any Other Revolving Credit Commitments
established thereby, in each case on terms substantially equivalent to the terms applicable to
Letters of Credit and Swing Line Loans under the Revolving Credit Commitments. The Administrative
Agent shall promptly notify each Lender as to the effectiveness of each Refinancing Amendment.
Each of the parties hereto hereby agrees that, upon the effectiveness of any Refinancing Amendment,
this Agreement shall be deemed amended to the extent (but only to the extent) necessary to reflect
the existence and terms of the Credit Agreement Refinancing Indebtedness incurred pursuant thereto
(including any amendments necessary to treat the Loans and Commitments subject thereto as Other
Term Loans, Other Revolving Credit Loans, Other Revolving Credit Commitments and/or Other Term
Commitments). Any Refinancing Amendment may, without the consent of any other Lenders, effect such
amendments to this Agreement and the other Loan Documents as may be necessary or appropriate, in
the reasonable opinion of the Administrative Agent and the Company, to effect the provisions of
this Section.

ARTICLE III.

Taxes, Increased Costs Protection and Illegality

SECTION 3.01. Taxes. (a) Except as provided in this Section 3.01, any and all
payments by any Borrower (the term Borrower under Article 3 being deemed to include any Subsidiary
for whose account a Letter of Credit is issued) to or for the account of any Agent or any Lender
under any Loan Document shall be made free and clear of and without deduction for any and all
present or future taxes, duties, levies, imposts, deductions, assessments, fees, withholdings or
similar charges, and all liabilities (including additions to tax, penalties and interest) with
respect thereto, excluding, in the case of each Agent and each Lender, taxes imposed on or measured
by its net income or overall gross income (including branch profits), and franchise (and similar)
taxes imposed on it in lieu of net income taxes, by the jurisdiction (or any political subdivision
thereof) under the Laws of which such Agent or such Lender, as the case may be, is organized or
maintains a Lending Office, and all liabilities (including additions to tax, penalties and
interest) with respect thereto (all such non-excluded taxes, duties, levies, imposts, deductions,
assessments, fees, withholdings or similar charges, and liabilities being hereinafter referred to
as “Taxes”). If any Borrower shall be required by any Laws to deduct any Taxes or Other Taxes from
or in respect of any sum payable under any Loan Document to any Agent or any Lender, (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 3.01), each of such Agent and
such Lender receives an amount equal to the sum it would have received had no such

 

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deductions been
made, (ii) such Borrower shall make such deductions, (iii) such Borrower shall pay the full amount deducted to the relevant taxation
authority or other authority in accordance with applicable Laws, and (iv) within thirty (30) days
after the date of such payment (or, if receipts or evidence are not available within thirty (30)
days, as soon as possible thereafter), such Borrower shall furnish to such Agent or Lender (as the
case may be) the original or a certified copy of a receipt evidencing payment thereof to the extent
such a receipt is issued therefor, or other written proof of payment thereof that is reasonably
satisfactory to the Administrative Agent. If such Borrower fails to pay any Taxes or Other Taxes
when due to the appropriate taxing authority or fails to remit to any Agent or any Lender the
required receipts or other required documentary evidence, such Borrower shall indemnify such Agent
and such Lender for any incremental taxes, interest or penalties that may become payable by such
Agent or such Lender arising out of such failure.

(b) In addition, each Borrower agrees to pay any and all present or future stamp, court or
documentary taxes and any other excise, property, intangible or mortgage recording taxes or charges
or similar levies which arise from any payment made under any Loan Document or from the execution,
delivery, performance, enforcement or registration of, or otherwise with respect to, any Loan
Document (hereinafter referred to as “Other Taxes”).

(c) Each Borrower agrees to indemnify each Agent and each Lender for (i) the full amount of
Taxes and Other Taxes (including any Taxes or Other Taxes imposed or asserted by any jurisdiction
on amounts payable under this Section 3.01) paid by such Agent and such Lender and (ii) any
liability (including additions to tax, penalties, interest and expenses) arising therefrom or with
respect thereto, in each case whether or not such Taxes or Other Taxes were correctly or legally
imposed or asserted by the relevant Governmental Authority; provided such Agent or Lender, as the
case may be, provides such Borrower with a written statement thereof setting forth in reasonable
detail the basis and calculation of such amounts. Payment under this Section 3.01(c) shall be made
within thirty (30) days after the date such Lender or such Agent makes a demand therefor.

(d) No Borrower shall be required pursuant to this Section 3.01 to pay any additional amount
to, or to indemnify, any Lender or Agent, as the case may be, to the extent that such Lender or
such Agent becomes subject to Taxes subsequent to the Closing Date (or, if later, the date such
Lender or Agent becomes a party to this Agreement) as a result of a change in the place of
organization of such Lender or Agent or a change in the lending office of such Lender, except to
the extent that any such change is requested or required in writing by any Borrower (and provided
that nothing in this clause (d) shall be construed as relieving any Borrower from any obligation to
make such payments or indemnification in the event of a change in lending office or place of
organization that precedes a change in Law to the extent such Taxes result from a change in Law).

(e) Notwithstanding anything else herein to the contrary, if a Lender or an Agent is subject
to withholding tax imposed by any jurisdiction in which any Borrower is formed or organized at a
rate in excess of zero percent at the time such Lender or such Agent, as the case may be, first
becomes a party to this Agreement, withholding tax imposed by such jurisdiction at such rate shall
be considered excluded from Taxes unless and until such Lender or Agent, as the case may be,
provides the appropriate forms certifying that a lesser rate applies, whereupon withholding tax at
such lesser rate only shall be considered excluded from Taxes for periods
governed by such forms; provided that, if at the date of the Assignment and Acceptance
pursuant to which a Lender becomes a party to this Agreement, the Lender assignor was entitled to
payments under clause (a) of this Section 3.01 in respect of withholding tax with respect to
interest paid at such date, then, to such extent, the term Taxes shall include (in addition to
withholding taxes that may be imposed in the future or other amounts otherwise includable in Taxes)
withholding tax, if any, applicable with respect to the Lender assignee on such date.

 

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(f) If any Lender or Agent determines, in its reasonable discretion, that it has received a
refund in respect of any Taxes or Other Taxes as to which indemnification or additional amounts
have been paid to it by any Borrower pursuant to this Section 3.01, it shall promptly remit such
refund (but only to the extent of indemnity payments made, or additional amounts paid, by any
Borrower under this Section 3.01 with respect to the Taxes or Other Taxes giving rise to such
refund plus any interest included in such refund by the relevant taxing authority attributable
thereto) to such Borrower, net of all out-of-pocket expenses of the Lender or Agent, as the case
may be and without interest (other than any interest paid by the relevant taxing authority with
respect to such refund); provided that such Borrower, upon the request of the Lender or Agent, as
the case may be, agrees promptly to return such refund to such party in the event such party is
required to repay such refund to the relevant taxing authority. Such Lender or Agent, as the case
may be, shall, at such Borrower’s request, provide such Borrower with a copy of any notice of
assessment or other evidence of the requirement to repay such refund received from the relevant
taxing authority (provided that such Lender or Agent may delete any information therein that such
Lender or Agent deems confidential). Nothing herein contained shall interfere with the right of a
Lender or Agent to arrange its tax affairs in whatever manner it thinks fit nor oblige any Lender
or Agent to claim any tax refund or to make available its tax returns or disclose any information
relating to its tax affairs or any computations in respect thereof or require any Lender or Agent
to do anything that would prejudice its ability to benefit from any other refunds, credits,
reliefs, remissions or repayments to which it may be entitled.

(g) Each Lender agrees that, upon the occurrence of any event giving rise to the operation of
Section 3.01(a) or (c) with respect to such Lender it will, if requested by the Company, use
commercially reasonable efforts (subject to such Lender’s overall internal policies of general
application and legal and regulatory restrictions) to designate another Lending Office for any Loan
or Letter of Credit affected by such event; provided that such efforts are made on terms that, in
the sole judgment of such Lender, cause such Lender and its Lending Office(s) to suffer no
economic, legal or regulatory disadvantage, and provided further that nothing in this Section
3.01(g) shall affect or postpone any of the Obligations of any Borrower or the rights of such
Lender pursuant to Section 3.01(a) or (c).

SECTION 3.02. Illegality. If any Lender determines that any Law has made it
unlawful, or that any Governmental Authority has asserted that it is unlawful, for any Lender or
its applicable Lending Office to make, maintain or fund Eurocurrency Rate Loans, or to determine or
charge interest rates based upon the Eurocurrency Rate, then, on notice thereof by such Lender to
the Borrowers through the Administrative Agent, any obligation of such Lender to make or continue
Eurocurrency Rate Loans or to convert Base Rate Loans to Eurocurrency Rate Loans shall be suspended
until such Lender notifies the Administrative Agent and the relevant Borrowers that the
circumstances giving rise to such determination no longer exist. Upon receipt of such notice, the
relevant

 

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Borrowers shall upon demand from such Lender (with a copy to the Administrative Agent), prepay or, if applicable, convert all Eurocurrency Rate
Loans of such Lender to Base Rate Loans, either on the last day of the Interest Period therefor, if
such Lender may lawfully continue to maintain such Eurocurrency Rate Loans to such day, or
promptly, if such Lender may not lawfully continue to maintain such Eurocurrency Rate Loans. Upon
any such prepayment or conversion, each relevant Borrower shall also pay accrued interest on the
amount so prepaid or converted and all amounts due, if any, in connection with such prepayment or
conversion under Section 3.05. Each Lender agrees to designate a different Lending Office if such
designation will avoid the need for such notice and will not, in the good faith judgment of such
Lender, otherwise be materially disadvantageous to such Lender.

SECTION 3.03. Inability to Determine Rates. If the Required Lenders determine that
for any reason adequate and reasonable means do not exist for determining the Eurocurrency Rate for
any requested Interest Period with respect to a proposed Eurocurrency Rate Loan, or that the
Eurocurrency Rate for any requested Interest Period with respect to a proposed Eurocurrency Rate
Loan does not adequately and fairly reflect the cost to such Lenders of funding such Loan, or that
Dollar deposits are not being offered to banks in the London interbank eurodollar market for the
applicable amount and the Interest Period of such Eurocurrency Rate Loan, the Administrative Agent
will promptly so notify each relevant Borrower and each Lender. Thereafter, the obligation of the
Lenders to make or maintain Eurocurrency Rate Loans shall be suspended until the Administrative
Agent (upon the instruction of the Required Lenders) revokes such notice. Upon receipt of such
notice, each relevant Borrower may revoke any pending request for a Borrowing of, conversion to or
continuation of Eurocurrency Rate Loans or, failing that, will be deemed to have converted such
request into a request for a Borrowing of Base Rate Loans in the amount specified therein.

SECTION 3.04. Increased Cost and Reduced Return; Capital Adequacy; Reserves on
Eurocurrency Rate Loans. (a) If any Lender determines that as a result of the introduction of
or any change in or in the interpretation of any Law, in each case after the date hereof, or such
Lender’s compliance therewith, there shall be any increase in the cost to such Lender of agreeing
to make or making, funding or maintaining Eurocurrency Rate Loans or (as the case may be) issuing
or participating in Letters of Credit, or a reduction in the amount received or receivable by such
Lender in connection with any of the foregoing (excluding for purposes of this Section 3.04(a) any
such increased costs or reduction in amount resulting from (i) Taxes or Other Taxes (as to which
Section 3.01 shall govern), (ii) changes in the basis of taxation of overall net income or overall
gross income (including branch profits), and franchise (and similar) taxes imposed in lieu of net
income taxes, by the United States or any foreign jurisdiction or any political subdivision of
either thereof under the Laws of which such Lender is organized or maintains a Lending Office,
(iii) reserve requirements contemplated by Section 3.04(c) and (iv) the requirements of the Bank of
England and the Financial Services Authority or the European Central Bank reflected in the
Mandatory Cost, other than as set forth below) or the Mandatory Cost, as calculated hereunder, does
not represent the cost to such Lender of complying with the requirements of the Bank of England
and/or the Financial Services Authority or the European Central Bank in relation to its making,
funding or maintaining of Eurocurrency Rate Loans, then from time to time within fifteen (15) days
after demand by such Lender setting forth in reasonable detail such increased costs (with a copy of
such demand to the Administrative Agent given in accordance with Section 3.06), the Company shall
pay to such Lender such
additional amounts as will compensate such Lender for such increased cost or reduction or, if
applicable, the portion of such cost that is not represented by the Mandatory Cost.

 

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(b) If any Lender determines that the introduction of any Law regarding capital adequacy or
any change therein or in the interpretation thereof, in each case after the date hereof, or
compliance by such Lender (or its Lending Office) therewith, has the effect of reducing the rate of
return on the capital of such Lender or any corporation controlling such Lender as a consequence of
such Lender’s obligations hereunder (taking into consideration its policies with respect to capital
adequacy and such Lender’s desired return on capital), then from time to time upon demand of such
Lender setting forth in reasonable detail the charge and the calculation of such reduced rate of
return (with a copy of such demand to the Administrative Agent given in accordance with Section
3.06), the Company shall pay to such Lender such additional amounts as will compensate such Lender
for such reduction within fifteen (15) days after receipt of such demand.

(c) The Company shall pay to each Lender, (i) as long as such Lender shall be required to
maintain reserves with respect to liabilities or assets consisting of or including Eurocurrency
funds or deposits, additional interest on the unpaid principal amount of each Eurocurrency Rate
Loan equal to the actual costs of such reserves allocated to such Loan by such Lender (as
determined by such Lender in good faith, which determination shall be conclusive in the absence of
manifest error), and (ii) as long as such Lender shall be required to comply with any reserve ratio
requirement or analogous requirement of any other central banking or financial regulatory authority
imposed in respect of the maintenance of the Commitments or the funding of the Eurocurrency Rate
Loans, such additional costs (expressed as a percentage per annum and rounded upwards, if
necessary, to the nearest five decimal places) equal to the actual costs allocated to such
Commitment or Loan by such Lender (as determined by such Lender in good faith, which determination
shall be conclusive absent manifest error) which in each case shall be due and payable on each date
on which interest is payable on such Loan, provided the Company shall have received at least
fifteen (15) days’ prior notice (with a copy to the Administrative Agent) of such additional
interest or cost from such Lender. If a Lender fails to give notice fifteen (15) days prior to the
relevant Interest Payment Date, such additional interest or cost shall be due and payable fifteen
(15) days from receipt of such notice.

(d) Failure or delay on the part of any Lender to demand compensation pursuant to this
Section 3.04 shall not constitute a waiver of such Lender’s right to demand such compensation,
provided that the Company shall not be required to compensate a Lender pursuant to Section 3.04(a),
(b) or (c) for any such increased cost or reduction incurred more than one hundred and eighty (180)
days prior to the date that such Lender demands, or notifies the Company of its intention to
demand, compensation therefor, provided further that, if the circumstance giving rise to such
increased cost or reduction is retroactive, then such 180-day period referred to above shall be
extended to include the period of retroactive effect thereof.

(e) If any Lender requests compensation under this Section 3.04, then such Lender will, if
requested by the Company, use commercially reasonable efforts to designate another Lending Office
for any Loan or Letter of Credit affected by such event; provided that such efforts are made on
terms that, in the reasonable judgment of such Lender, cause such Lender and its Lending Office(s)
to suffer no material economic, legal or regulatory disadvantage,
and provided further that nothing in this Section 3.04(e) shall affect or postpone any of the
Obligations of any Borrower or the rights of such Lender pursuant to Section 3.04(a), (b), (c) or
(d).

 

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SECTION 3.05. Funding Losses. Upon demand of any Lender (with a copy to the
Administrative Agent) from time to time, the Company shall promptly compensate such Lender for and
hold such Lender harmless from any loss, cost or expense incurred by it as a result of:

(i) any continuation, conversion, payment or prepayment of any Loan other than a Base
Rate Loan on a day other than the last day of the Interest Period for such Loan or (ii) the
CAM Exchange (in each case, whether voluntary, mandatory, automatic, by reason of
acceleration, or otherwise); or

any failure by any Borrower (for a reason other than the failure of such Lender to make
a Loan) to prepay, borrow, continue or convert any Loan other than a Base Rate Loan on the
date or in the amount notified by such Borrower;

including any loss or expense arising from the liquidation or reemployment of funds obtained by it
to maintain such Loan or from fees payable to terminate the deposits from which such funds were
obtained.

For purposes of calculating amounts payable by the Company to the Lenders under this Section
3.05, each Lender shall be deemed to have funded each Eurocurrency Rate Loan made by it at the
Eurocurrency Rate for such Loan by a matching deposit or other borrowing in the London interbank
eurodollar market for a comparable amount and for a comparable period, whether or not such
Eurocurrency Rate Loan was in fact so funded.

SECTION 3.06. Matters Applicable to All Requests for Compensation. (a) Any Agent or
any Lender claiming compensation under this Article 3 or Section 2.16 shall deliver a certificate
to the Company setting forth the additional amount or amounts to be paid to it hereunder which
shall be conclusive in the absence of manifest error. In determining such amount, such Agent or
such Lender may use any reasonable averaging and attribution methods.

(b) With respect to any Lender’s claim for compensation under Section 2.16, 3.01, 3.02, 3.03
or 3.04, no Borrower shall be required to compensate such Lender for any amount incurred more than
one hundred and eighty (180) days prior to the date that such Lender notifies the relevant
Borrowers of the event that gives rise to such claim; provided that, if the circumstance giving
rise to such claim is retroactive, then such 180-day period referred to above shall be extended to
include the period of retroactive effect thereof. If any Lender requests compensation by the
Company under Section 2.16 or 3.04, the Company may, by notice to such Lender (with a copy to the
Administrative Agent), suspend the obligation of such Lender to make or continue from one Interest
Period to another Eurocurrency Rate Loans, or to convert Base Rate Loans into Eurocurrency Rate
Loans, until the event or condition giving rise to such request ceases to be in effect (in which
case the provisions of Section 3.06(c) shall be applicable); provided that such suspension shall
not affect the right of such Lender to receive the compensation so requested.

 

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(c) If the obligation of any Lender to make or continue from one Interest Period to another
any Eurocurrency Rate Loan, or to convert Base Rate Loans into Eurocurrency Rate Loans shall be
suspended pursuant to Section 3.06(b) hereof, such Lender’s Eurocurrency Rate Loans shall be
automatically converted into Base Rate Loans on the last day(s) of the then current Interest
Period(s) for such Eurocurrency Rate Loans (or, in the case of an immediate conversion required by
Section 3.02, on such earlier date as required by Law) and, unless and until such Lender gives
notice as provided below that the circumstances specified in Section 2.16, 3.01, 3.02, 3.03 or 3.04
hereof that gave rise to such conversion no longer exist:

(a) to the extent that such Lender’s Eurocurrency Rate Loans have been so converted,
all payments and prepayments of principal that would otherwise be applied to such Lender’s
Eurocurrency Rate Loans shall be applied instead to its Base Rate Loans; and

(b) all Loans that would otherwise be made or continued from one Interest Period to
another by such Lender as Eurocurrency Rate Loans shall be made or continued instead as Base
Rate Loans, and all Base Rate Loans of such Lender that would otherwise be converted into
Eurocurrency Rate Loans shall remain as Base Rate Loans.

(d) If any Lender gives notice to the Company (with a copy to the Agent) that the
circumstances specified in Section 2.16, 3.01, 3.02, 3.03 or 3.04 hereof that gave rise to the
conversion of such Lender’s Eurocurrency Rate Loans pursuant to this Section 3.06 no longer exist
(which such Lender agrees to do promptly upon such circumstances ceasing to exist) at a time when
Eurocurrency Rate Loans made by other Lenders are outstanding, such Lender’s Base Rate Loans shall
be automatically converted, on the first day(s) of the next succeeding Interest Period(s) for such
outstanding Eurocurrency Rate Loans, to the extent necessary so that, after giving effect thereto,
all Loans held by the Lenders holding Eurocurrency Rate Loans and by such Lender are held pro rata
(as to principal amounts, interest rate basis, and Interest Periods) in accordance with their
respective Commitments.

SECTION 3.07. Replacement of Lenders under Certain Circumstances. (a) If at any
time (i) any Borrower becomes obligated to pay additional amounts or indemnity payments described
in Section 2.16, 3.01 or 3.04 as a result of any condition described in such Sections or any Lender
ceases to make Eurocurrency Rate Loans as a result of any condition described in Section 3.02 or
Section 3.04, (ii) any Lender becomes a Defaulting Lender or (iii) any Lender becomes a
Non-Consenting Lender, then the Company may, on ten (10) Business Days’ prior written notice to the
Administrative Agent and such Lender, replace such Lender by causing such Lender to (and such
Lender shall be obligated to) assign pursuant to Section 10.07(b) (with the assignment fee to be
paid by the Company in such instance) all of its rights and obligations under this Agreement to one
or more Eligible Assignees; provided that neither the Administrative Agent nor any Lender shall
have any obligation to the Company to find a replacement Lender or other such Person; and provided
further that (A) in the case of any such assignment resulting from a claim for compensation under
Section 2.16 or 3.04 or payments required to be made pursuant to Section 3.01, such assignment will
result in a reduction in such compensation or payments and (B) in the case of any such assignment
resulting from a Lender becoming a Non-Consenting Lender, the applicable Eligible Assignees shall
have agreed to the applicable departure, waiver or amendment of the Loan Documents.

 

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(b) Any Lender being replaced pursuant to Section 3.07(a) above shall (i) execute and deliver
an Assignment and Assumption with respect to such Lender’s Commitment and outstanding Loans and
participations in L/C Obligations and Swing Line Loans, and (ii) deliver any Notes evidencing such
Loans to the Company or Administrative Agent. Pursuant to such Assignment and Assumption, (A) the
assignee Lender shall acquire all or a portion, as the case may be, of the assigning Lender’s
Commitment and outstanding Loans and participations in L/C Obligations and Swing Line Loans, (B)
all obligations of the Borrowers owing to the assigning Lender relating to the Loans and
participations so assigned shall be paid in full by the assignee Lender to such assigning Lender
concurrently with such assignment and assumption and (C) upon such payment and, if so requested by
the assignee Lender, delivery to the assignee Lender of the appropriate Note or Notes executed by
the relevant Borrowers, the assignee Lender shall become a Lender hereunder and the assigning
Lender shall cease to constitute a Lender hereunder with respect to such assigned Loans,
Commitments and participations, except with respect to indemnification provisions under this
Agreement, which shall survive as to such assigning Lender.

(c) Notwithstanding anything to the contrary contained above, any Lender that acts as an L/C
Issuer may not be replaced hereunder at any time that it has any Letter of Credit outstanding
hereunder unless arrangements reasonably satisfactory to such L/C Issuer (including the furnishing
of a back-up standby letter of credit in form and substance, and issued by an issuer reasonably
satisfactory to such L/C Issuer or the depositing of cash collateral into a cash collateral account
in amounts and pursuant to arrangements reasonably satisfactory to such L/C Issuer) have been made
with respect to each such outstanding Letter of Credit and the Lender that acts as the
Administrative Agent may not be replaced hereunder except in accordance with the terms of Section
9.09.

(d) In the event that (i) the Company or the Administrative Agent has requested that the
Lenders consent to a departure or waiver of any provisions of the Loan Documents or agree to any
amendment thereto, (ii) the consent, waiver or amendment in question requires the agreement of all
affected Lenders in accordance with the terms of Section 10.01 or all the Lenders with respect to a
certain Class of the Loans and (iii) the Required Lenders have agreed to such consent, waiver or
amendment, then any Lender who does not agree to such consent, waiver or amendment shall be deemed
a “Non-Consenting Lender.”

SECTION 3.08. Survival. All of the Borrowers’ obligations under this Article 3 shall
survive termination of the Aggregate Commitments and repayment of all other Obligations hereunder.

 

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ARTICLE IV.

Conditions Precedent to Credit Extensions

SECTION 4.01. Conditions of Initial Credit Extension. The obligation of each Lender
to make its initial Credit Extension hereunder is subject to satisfaction of the following
conditions precedent:

(a) The Administrative Agent’s receipt of the following, each of which shall be originals or
facsimiles (followed promptly by originals) unless otherwise specified, each properly executed by a
Responsible Officer of the signing Loan Party, each in form and substance reasonably satisfactory
to the Administrative Agent and its legal counsel:

(a) executed counterparts of this Agreement and each Guaranty;

(b) a Note executed by each relevant Borrower in favor of each Lender that has
requested a Note at least two Business Days in advance of the Closing Date;

(c) each Collateral Document set forth on Schedule 1.01B, duly executed by each Loan
Party thereto, together with:

(i) certificates, if any, representing the Pledged Equity referred to therein
accompanied by undated stock powers executed in blank and instruments evidencing the
Pledged Debt indorsed in blank,

(ii) to the extent required under the Collateral and Guarantee Requirement,
opinions of local counsel for the Loan Parties in states in which the Mortgaged
Properties are located, with respect to the enforceability and perfection of the
Mortgages and any related fixture filings in form and substance reasonably
satisfactory to the Administrative Agent; and

(iii) evidence that all other actions, recordings and filings that the
Administrative Agent may deem reasonably necessary to satisfy the Collateral and
Guarantee Requirement shall have been taken, completed or otherwise provided for in
a manner reasonably satisfactory to the Administrative Agent;

(d) such certificates of resolutions or other action, incumbency certificates and/or
other certificates of Responsible Officers of each Loan Party as the Administrative Agent
may reasonably require evidencing the identity, authority and capacity of each Responsible
Officer thereof authorized to act as a Responsible Officer in connection with this Agreement
and the other Loan Documents to which such Loan Party is a party or is to be a party on the
Closing Date;

(e) opinion from Simpson Thatcher & Bartlett LLP, New York counsel to the Loan Parties
substantially in the form of Exhibit L;

(f) a certificate signed by a Responsible Officer of the Company certifying that there
has been no change, effect, event or occurrence since December 31, 2004, that has had or
could reasonably be expected to result in a Material Adverse Change;

(g) a certificate attesting to the Solvency of the Loan Parties (taken as a whole)
after giving effect to the Transaction, from the Chief Financial Officer of the Company;

 

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(h) a certified copy of the Sponsor Management Agreement, including a certification by
a Responsible Officer of the Company that such agreement is in full force and effect as of
the Closing Date;

(i) evidence that all insurance (including title insurance) required to be maintained
pursuant to the Loan Documents has been obtained and is in effect and that the
Administrative Agent has been named as loss payee under each insurance policy with respect
to such insurance as to which the Administrative Agent shall have requested to be so named;

(j) certified copies of the Merger Agreement, duly executed by the parties thereto,
together with all material agreements, instruments and other documents delivered in
connection therewith as the Administrative Agent shall reasonably request, each including
certification by a Responsible Officer of the Company that such documents are in full force
and effect as of the Closing Date; and

(k) a Committed Loan Notice or Letter of Credit Application, as applicable, relating
to the initial Credit Extension.

(b) All fees and expenses required to be paid hereunder and invoiced before the Closing Date
shall have been paid in full in cash.

(c) Prior to or simultaneously with the initial Credit Extension, (i) the Equity
Contributions shall have been funded in full in cash; (ii) Solar Capital Corp. shall have received
(whether directly as a result of the Equity Contribution or as a result of an equity contribution
by Holdings) cash proceeds from the Equity Contribution in an aggregate amount equal to at least
$3,000,000,000; and (iii) the Merger shall be consummated in accordance with the terms of the
Merger Agreement and in compliance with applicable material Laws and regulatory approvals.

(d) Prior to or simultaneously with the initial Credit Extensions, the Company shall have
received (i) at least $3,000,000,000 in gross cash proceeds from the issuance of the New Notes and
(ii) at least $375,000,000 in gross cash proceeds from the Receivables Facility.

(e) Prior to or simultaneously with the initial Credit Extensions, the Company shall have
terminated the Existing Credit Agreement and taken all other necessary actions such that, after
giving effect to the Transaction, (i) Holdings and its Subsidiaries shall have outstanding no
Indebtedness or preferred Equity Interests other than (A) the Loans and L/C Obligations, (B) the
New Notes, (C) amounts outstanding under the Receivables Facility and the Broker-Dealer Facility,
(D) the Existing Notes and (E) Indebtedness listed on Schedule 7.03(b) and (ii) the Company shall
have outstanding no Equity Interests (or securities convertible into or exchangeable for Equity
Interests or rights or options to acquire Equity Interests) other than common stock owned by
Holdings and preferred stock owned by Holdings, with terms and conditions reasonably acceptable to
the Arrangers to the extent material to the interests of the Lenders.

 

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(f) The Arrangers and the Lenders shall have received (i) the Audited Financial Statements
and the audit report for such financial statements (which shall not be subject to any
qualification) and (ii) unaudited consolidated balance sheets and related statements of income,
stockholders’ equity and cash flows of SunGard and its Subsidiaries for (A) each subsequent
fiscal quarter ended at least forty-five (45) days before the Closing Date and (B) to the extent
reasonably available and, in any event, excluding footnotes, each fiscal month after the most
recent fiscal period for which financial statements were received by the Arrangers and the Lenders
as described above and ended at least thirty (30) days before the Closing Date (collectively, the
“Unaudited Financial Statements”), which financial statements described in clauses (i) and (ii)(A)
shall be prepared in accordance with GAAP.

(g) The Arrangers and the Lenders shall have received the Pro Forma Financial Statements.

SECTION 4.02. Conditions to All Credit Extensions. The obligation of each Lender to
honor any Request for Credit Extension (other than a Committed Loan Notice requesting only a
conversion of Loans to the other Type, or a continuation of Eurocurrency Rate Loans) is subject to
the following conditions precedent:

(a) The representations and warranties of each Borrower and each other Loan Party contained
in Article 5 or any other Loan Document (except, in the case of the initial Credit Extensions, the
representations contained in Sections 5.03, 5.05, 5.06, 5.07, 5.08, 5.09, 5.10, 5.11, 5.12, 5.14,
5.15, 5.16, 5.17 and 5.19) shall be true and correct in all material respects on and as of the date
of such Credit Extension; provided that, to the extent that such representations and warranties
specifically refer to an earlier date, they shall be true and correct in all material respects as
of such earlier date; provided, further that, any representation and warranty that is qualified as
to “materiality,” “Material Adverse Effect” or similar language shall be true and correct in all
respects on such respective dates.

(b) No Default shall exist, or would result from such proposed Credit Extension or from the
application of the proceeds therefrom.

(c) The Administrative Agent and, if applicable, the relevant L/C Issuer or the Swing Line
Lender shall have received a Request for Credit Extension in accordance with the requirements
hereof.

Each Request for Credit Extension (other than a Committed Loan Notice requesting only a
conversion of Loans to the other Type or a continuation of Eurocurrency Rate Loans) submitted by a
Borrower shall be deemed to be a representation and warranty that the conditions specified in
Sections 4.02(a) and (b) have been satisfied on and as of the date of the applicable Credit
Extension.

SECTION 4.03. First Credit Extension to an Overseas Revolver Borrower. The
obligation of each Lender to honor any Request for Credit Extension on the occasion of the first
Credit Extension under the Revolving Credit Facility to each Overseas Revolver Borrower is subject
to the satisfaction of the following further conditions:

(a) receipt by the Administrative Agent of an opinion of counsel for such Overseas Revolver
Borrower reasonably acceptable to the Administrative Agent, covering such matters relating to the
transactions contemplated hereby as the Administrative Agent may reasonably request;

 

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(b) receipt by the Administrative Agent of all documents with respect to such Overseas
Revolver Borrower satisfying the requirements set forth in Section 4.01(a)(iv) with respect
thereto;

(c) to the extent required by the Collateral and Guarantee Requirement, all Overseas
Revolving Obligations shall have been (i) unconditionally guaranteed by each Guarantor and (ii)
secured by a security interest in the Collateral with the priority required by the Collateral
Documents; and

(d) the requirements of Section 6.11(c) shall have been satisfied with respect to such
Overseas Revolver Borrower.

ARTICLE V.

Representations and Warranties

The Company represents and warrants to the Agents and the Lenders that:

SECTION 5.01. Existence, Qualification and Power; Compliance with Laws. Each Loan
Party and each of its Subsidiaries (a) is a Person duly organized or formed, validly existing and
in good standing under the Laws of the jurisdiction of its incorporation or organization, (b) has
all requisite power and authority to (i) own or lease its assets and carry on its business and (ii)
execute, deliver and perform its obligations under the Loan Documents to which it is a party, (c)
is duly qualified and in good standing under the Laws of each jurisdiction where its ownership,
lease or operation of properties or the conduct of its business requires such qualification, (d) is
in compliance with all Laws, orders, writs, injunctions and orders and (e) has all requisite
governmental licenses, authorizations, consents and approvals to operate its business as currently
conducted; except in each case referred to in clause (c), (d) or (e), to the extent that failure to
do so could not reasonably be expected to have a Material Adverse Effect.

SECTION 5.02. Authorization; No Contravention. The execution, delivery and
performance by each Loan Party of each Loan Document to which such Person is a party, and the
consummation of the Transaction, are within such Loan Party’s corporate or other powers, have been
duly authorized by all necessary corporate or other organizational action, and do not and will not
(a) contravene the terms of any of such Person’s Organization Documents, (b) conflict with or
result in any breach or contravention of, or the creation of any Lien under (other than as
permitted by Section 7.01), or require any payment to be made under (i) (x) any Existing Notes
Documentation or (y) any other Contractual Obligation to which such Person is a party or affecting
such Person or the properties of such Person or any of its Subsidiaries or (ii) any material order,
injunction, writ or decree of any Governmental Authority or any arbitral award to which such Person
or its property is subject; or (c) violate any material Law; except with respect to any conflict,
breach or contravention or payment (but not creation of Liens) referred to in clause (b)(i), to the
extent that such conflict, breach, contravention or payment could not reasonably be expected to
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SECTION 5.03. Governmental Authorization; Other Consents. No material approval,
consent, exemption, authorization, or other action by, or notice to, or filing with, any
Governmental Authority or any other Person is necessary or required in connection with (a) the
execution, delivery or performance by, or enforcement against, any Loan Party of this Agreement or
any other Loan Document, or for the consummation of the Transaction, (b) the grant by any Loan
Party of the Liens granted by it pursuant to the Collateral Documents, (c) the perfection or
maintenance of the Liens created under the Collateral Documents (including the priority thereof) or
(d) the exercise by the Administrative Agent or any Lender of its rights under the Loan Documents
or the remedies in respect of the Collateral pursuant to the Collateral Documents, except for (i)
filings necessary to perfect the Liens on the Collateral granted by the Loan Parties in favor of
the Secured Parties, (ii) the approvals, consents, exemptions, authorizations, actions, notices and
filings which have been duly obtained, taken, given or made and are in full force and effect and
(iii) those approvals, consents, exemptions, authorizations or other actions, notices or filings,
the failure of which to obtain or make could not reasonably be expected to have a Material Adverse
Effect.

SECTION 5.04. Binding Effect. This Agreement and each other Loan Document has been
duly executed and delivered by each Loan Party that is party thereto. This Agreement and each
other Loan Document constitutes, a legal, valid and binding obligation of such Loan Party,
enforceable against each Loan Party that is party thereto in accordance with its terms, except as
such enforceability may be limited by Debtor Relief Laws and by general principles of equity.

SECTION 5.05. Financial Statements; No Material Adverse Effect.

(a) (a) The Audited Financial Statements and the Unaudited Financial Statements fairly
present in all material respects the financial condition of SunGard and its Subsidiaries as of the
dates thereof and their results of operations for the period covered thereby in accordance with
GAAP consistently applied throughout the periods covered thereby, except as otherwise expressly
noted therein. During the period from December 31, 2004 to and including the Closing Date, there
has been (i) no sale, transfer or other disposition by SunGard or any of its Subsidiaries of any
material part of the business or property of SunGard or any of its Subsidiaries, taken as a whole
and (ii) no purchase or other acquisition by SunGard or any of its Subsidiaries of any business or
property (including any Equity Interests of any other Person) material in relation to the
consolidated financial condition of SunGard and its Subsidiaries, in each case, which is not
reflected in the foregoing financial statements or in the notes thereto or has not otherwise been
disclosed in writing to the Lenders prior to the Closing Date.

(b) The unaudited pro forma consolidated balance sheet of the Company
and its Subsidiaries as at March 31, 2005 (including the notes thereto) (the “Pro Forma
Balance Sheet”) and the unaudited pro forma consolidated statement of
operations of the Company and its Subsidiaries for the most recent fiscal year, the quarter
ended March 31, 2005 and the 12-month period ending on March 31, 2005 (together with the Pro
Forma Balance Sheet, the “Pro Forma Financial Statements”), copies of which have heretofore
been furnished to each Lender prior to the Closing Date, have been prepared giving effect
(as if such events had occurred on such date or at the beginning of such periods, as the
case may be) to the Transaction, each material acquisition by SunGard or any of its
Subsidiaries consummated after March 31, 2005 and prior to the Closing Date and all other
transactions that would be required to be given pro forma effect by Regulation S-X
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 (including other adjustments consistent with the definition of Pro Forma Adjustment or as otherwise agreed between
the Company and the Arrangers). The Pro Forma Financial Statements have been prepared in
good faith, based on assumptions believed by the Company to be reasonable as of the date of
delivery thereof, and present fairly in all material respects on a pro forma
basis and in accordance with GAAP the estimated financial position of the Company and its
Subsidiaries as at March 31, 2005 and their estimated results of operations for the periods
covered thereby, assuming that the events specified in the preceding sentence had actually
occurred at such date or at the beginning of the periods covered thereby.

(b) Since the Closing Date, there has been no event or circumstance, either individually or
in the aggregate, that has had or could reasonably be expected to have a Material Adverse Effect.

(c) The forecasts of consolidated balance sheets, income statements and cash flow statements
of the Company and its Subsidiaries for each fiscal year ending after the Closing Date until the
eighth anniversary of the Closing Date, copies of which have been furnished to the Administrative
Agent prior to the Closing Date in a form reasonably satisfactory to it, have been prepared in good
faith on the basis of the assumptions stated therein, which assumptions were believed to be
reasonable at the time of preparation of such forecasts, it being understood that actual results
may vary from such forecasts and that such variations may be material.

(d) As of the Closing Date, neither the Company nor any Subsidiary has any Indebtedness or
other obligations or liabilities, direct or contingent (other than (i) the liabilities reflected on
Schedule 5.05, (ii) obligations arising under this Agreement and (iii) liabilities incurred in the
ordinary course of business) that, either individually or in the aggregate, have had or could
reasonably be expected to have a Material Adverse Effect.

SECTION 5.06. Litigation. There are no actions, suits, proceedings, claims or
disputes pending or, to the knowledge of any Borrower, threatened in writing or contemplated, at
law, in equity, in arbitration or before any Governmental Authority, by or against the Company or
any of its Subsidiaries or against any of their properties or revenues that either individually or
in the aggregate, could reasonably be expected to have a Material Adverse Effect.

SECTION 5.07. No Default. Neither the Company nor any Subsidiary is in default under
or with respect to, or a party to, any Contractual Obligation that could, either individually or in
the aggregate, reasonably be expected to have a Material Adverse Effect.

SECTION 5.08. Ownership of Property; Liens. Each Loan Party and each of its
Subsidiaries has good record and marketable title in fee simple to, or valid leasehold interests
in, or easements or other limited property interests in, all real property necessary in the
ordinary conduct of its business, free and clear of all Liens except for minor defects in title
that do not materially interfere with its ability to conduct its business or to utilize such assets
for their intended purposes and Liens permitted by Section 7.01 and except where the failure to
have such title could not reasonably be expected to have, individually or in the aggregate, a
Material Adverse Effect.

 

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SECTION 5.09. Environmental Compliance. (a) There are no claims, actions, suits, or
proceedings alleging potential liability or responsibility for violation of, or otherwise relating
to, any Environmental Law that could, individually or in the aggregate, reasonably be expected to
have a Material Adverse Effect.

(b) Except as specifically disclosed in Schedule 5.09(b) or except as could not reasonably be
expected to have, individually or in the aggregate, a Material Adverse Effect, (i) none of the
properties currently or formerly owned, leased or operated by any Loan Party or any of its
Subsidiaries is listed or proposed for listing on the NPL or on the CERCLIS or any analogous
foreign, state or local list or is adjacent to any such property; (ii) there are no and never have
been any underground or aboveground storage tanks or any surface impoundments, septic tanks, pits,
sumps or lagoons in which Hazardous Materials are being or have been treated, stored or disposed on
any property currently owned, leased or operated by any Loan Party or any of its Subsidiaries or,
to its knowledge, on any property formerly owned or operated by any Loan Party or any of its
Subsidiaries; (iii) there is no asbestos or asbestos-containing material on any property currently
owned or operated by any Loan Party or any of its Subsidiaries; and (iv) Hazardous Materials have
not been released, discharged or disposed of by any Person on any property currently or formerly
owned, leased or operated by any Loan Party or any of its Subsidiaries and Hazardous Materials have
not otherwise been released, discharged or disposed of by any of the Loan Parties and their
Subsidiaries at any other location.

(c) The properties owned, leased or operated by the Company and the Subsidiaries do not
contain any Hazardous Materials in amounts or concentrations which (i) constitute, or constituted a
violation of, (ii) require remedial action under, or (iii) could give rise to liability under,
Environmental Laws, which violations, remedial actions and liabilities, individually or in the
aggregate, could reasonably be expected to result in a Material Adverse Effect.

(d) Except as specifically disclosed in Schedule 5.09(d), neither any Borrower nor any of its
Subsidiaries is undertaking, and has not completed, either individually or together with other
potentially responsible parties, any investigation or assessment or remedial or response action
relating to any actual or threatened release, discharge or disposal of Hazardous Materials at any
site, location or operation, either voluntarily or pursuant to the order of any Governmental
Authority or the requirements of any Environmental Law except for such investigation or assessment
or remedial or response action that, individually or in the aggregate, could not reasonably be
expected to result in a Material Adverse Effect.

(e) All Hazardous Materials generated, used, treated, handled or stored at, or transported to
or from, any property currently or formerly owned or operated by any Loan Party or any of its
Subsidiaries have been disposed of in a manner not reasonably expected to result, individually or
in the aggregate, in a Material Adverse Effect.

(f) Except as would not reasonably be expected to result, individually or in the aggregate,
in a Material Adverse Effect, none of the Loan Parties and their Subsidiaries has contractually
assumed any liability or obligation under or relating to any Environmental Law.

 

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SECTION 5.10. Taxes. Except as set forth in Schedule 5.10 and except as could not,
either individually or in the aggregate, reasonably be expected to result in a Material Adverse
Effect, the Company and its Subsidiaries have filed all Federal and state and other tax returns and
reports required to be filed, and have paid all Federal and state and other taxes, assessments,
fees and other governmental charges levied or imposed upon them or their properties, income or
assets otherwise due and payable, except those (a) which are not overdue by more than thirty (30)
days or (b) which are being contested in good faith by appropriate proceedings diligently conducted
and for which adequate reserves have been provided in accordance with GAAP.

SECTION 5.11. ERISA Compliance. (a) Except as set forth in Schedule 5.11(a) or as
could not, either individually or in the aggregate, reasonably be expected to result in a Material
Adverse Effect, each Plan is in compliance in with the applicable provisions of ERISA, the Code and
other Federal or state Laws.

(b) (i) No ERISA Event has occurred during the five year period prior to the date on which
this representation is made or deemed made with respect to any Pension Plan; (ii) no Pension Plan
has an “accumulated funding deficiency” (as defined in Section 412 of the Code), whether or not
waived; (iii) neither any Loan Party nor any ERISA Affiliate has incurred, or reasonably expects to
incur, any liability under Title IV of ERISA with respect to any Pension Plan (other than premiums
due and not delinquent under Section 4007 of ERISA); (iv) neither any Loan Party nor any ERISA
Affiliate has incurred, or reasonably expects to incur, any liability (and no event has occurred
which, with the giving of notice under Section 4219 of ERISA, would result in such liability) under
Sections 4201 or 4243 of ERISA with respect to a Multiemployer Plan; and (v) neither any Loan Party
nor any ERISA Affiliate has engaged in a transaction that could be subject to Sections 4069 or
4212(c) of ERISA, except, with respect to each of the foregoing clauses of this Section 5.11(b), as
could not reasonably be expected, individually or in the aggregate, to result in a Material Adverse
Effect.

SECTION 5.12. Subsidiaries; Equity Interests. As of the Closing Date, neither
Holdings nor any Loan Party has any Subsidiaries other than those specifically disclosed in
Schedule 5.12, and all of the outstanding Equity Interests in material Subsidiaries have been
validly issued, are fully paid and nonassessable and all Equity Interests owned by Holdings or a
Loan Party are owned free and clear of all Liens except (i) those created under the Collateral
Documents and (ii) any nonconsensual Lien that is permitted under Section 7.01. As of the Closing
Date, Schedule 5.12 (a) sets forth the name and jurisdiction of each Subsidiary, (b) sets forth the
ownership interest of Holdings, the Company and any other Subsidiary in each Subsidiary, including
the percentage of such ownership and (c) identifies each Subsidiary that is (i) an Overseas
Borrower or (ii) a Subsidiary the Equity Interests of which are required to be pledged on the
Closing Date pursuant to the Collateral and Guarantee Requirement.

SECTION 5.13. Margin Regulations; Investment Company Act; Public Utility Holding Company
Act. (a) No Borrower is engaged nor will it engage, principally or as one of its important
activities, in the business of purchasing or carrying margin stock (within the meaning of
Regulation U issued by the FRB), or extending credit for the purpose of purchasing or carrying
margin stock, and no proceeds of any Borrowings or drawings under any Letter of Credit will be used
for any purpose that violates Regulation U.

 

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(b) None of the Company, any Person Controlling the Company, or any Subsidiary (i) is a
“holding company,” or a “subsidiary company” of a “holding company,” or an “affiliate” of a
“holding company” or of a “subsidiary company” of a “holding company,” within the meaning of the
Public Utility Holding Company Act of 1935, or (ii) is or is required to be registered as an
“investment company” under the Investment Company Act of 1940.

SECTION 5.14. Disclosure. No report, financial statement, certificate or other
written information furnished by or on behalf of any Loan Party to any Agent or any Lender in
connection with the transactions contemplated hereby and the negotiation of this Agreement or
delivered hereunder or any other Loan Document (as modified or supplemented by other information so
furnished) when taken as a whole 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 materially misleading; provided that, with respect to projected financial
information and pro forma financial information, the Company represents only that such information
was prepared in good faith based upon assumptions believed to be reasonable at the time of
preparation; it being understood that such projections may vary from actual results and that such
variances may be material.

SECTION 5.15. Intellectual Property; Licenses, Etc. Each of the Loan Parties and
their Subsidiaries own, license or possess the right to use, all of the trademarks, service marks,
trade names, domain names, copyrights, patents, patent rights, licenses, technology, software,
know-how database rights, design rights and other intellectual property rights (collectively, “IP
Rights”) that are reasonably necessary for the operation of their respective businesses as
currently conducted, and, without conflict with the rights of any Person, except to the extent such
conflicts, either individually or in the aggregate, could not reasonably be expected to have a
Material Adverse Effect. No IP Rights, advertising, product, process, method, substance, part or
other material used by any Loan Party or any Subsidiary in the operation of their respective
businesses as currently conducted infringes upon any rights held by any Person except for such
infringements, individually or in the aggregate, which could not reasonably be expected to have a
Material Adverse Effect. No claim or litigation regarding any of the IP Rights, is pending or, to
the knowledge of any Borrower, threatened against any Loan Party or Subsidiary, which, either
individually or in the aggregate, could reasonably be expected to have a Material Adverse Effect.

SECTION 5.16. Solvency. On the Closing Date after giving effect to the Transaction,
the Loan Parties, on a consolidated basis, are Solvent.

SECTION 5.17. Representations and Warranties of Overseas Revolver Borrowers. Each
Overseas Revolver Borrower shall be deemed by the execution and delivery of its Election to
Participate to have represented and warranted as of the date thereof (and each other date on which
this representation is deemed to have been made) that the representations and warranties set forth
in Sections 5.01, 5.02, 5.03 and 5.04 are true and correct in all material respects as to such
Overseas Revolver Borrower and its Election to Participate and any Loan Document to which it is a
party, except that any representation and warranty that is qualified as to “materiality,” “Material
Adverse Effect” or similar language shall be true and correct in all respects.

 

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SECTION 5.18. Subordination of Junior Financing. The Obligations are “Senior Debt,”
“Senior Indebtedness,” “Guarantor Senior Debt” or “Senior Secured Financing” (or any comparable
term) under, and as defined in, any Junior Financing Documentation.

SECTION 5.19. Labor Matters. Except as, in the aggregate, could not reasonably be
expected to have a Material Adverse Effect: (a) there are no strikes or other labor disputes
against any of Holdings, the Company or its Subsidiaries pending or, to the knowledge of Holdings
or the Company, threatened; (b) hours worked by and payment made to employees of each of Holdings,
the Company or its Subsidiaries have not been in violation of the Fair Labor Standards Act or any
other applicable Laws dealing with such matters; and (c) all payments due from any of Holdings, the
Company or its Subsidiaries on account of employee health and welfare insurance have been paid or
accrued as a liability on the books of the relevant party.

ARTICLE VI.

Affirmative Covenants

So long as any Lender shall have any Commitment hereunder, any Loan or other Obligation
hereunder which is accrued and payable shall remain unpaid or unsatisfied, or any Letter of Credit
shall remain outstanding, each of Holdings and the Company shall, and shall (except in the case of
the covenants set forth in Sections 6.01, 6.02 and 6.03) cause each Restricted Subsidiary to:

SECTION 6.01. Financial Statements. Deliver to the Administrative Agent for prompt
further distribution to each Lender:

as soon as available, but in any event within ninety (90) days after the end of each
fiscal year of the Company beginning with the 2005 fiscal year, a consolidated balance sheet
of the Company and its Subsidiaries as at the end of such fiscal year, and the related
consolidated statements of income or operations, stockholders’ equity and cash flows for
such fiscal year, setting forth in each case in comparative form the figures for the
previous fiscal year, all in reasonable detail and prepared in accordance with GAAP, audited
and accompanied by a report and opinion of PricewaterhouseCoopers LLP or any other
independent registered public accounting firm of nationally recognized standing, which
report and opinion shall be prepared in accordance with generally accepted auditing
standards and shall not be subject to any “going concern” or like qualification or exception
or any qualification or exception as to the scope of such audit;

as soon as available, but in any event within forty-five (45) days after the end of
each of the first three (3) fiscal quarters of each fiscal year of the Company, a
consolidated balance sheet of the Company and its Subsidiaries as at the end of such fiscal
quarter, and the related (i) consolidated statements of income or operations for such fiscal
quarter and for the portion of the fiscal year then ended and (ii) consolidated statements
of cash flows for the portion of the fiscal year then ended, setting forth in each case in
comparative form the figures for the corresponding fiscal quarter of the previous fiscal
year and the corresponding portion of the previous fiscal year, all in reasonable detail and
certified by a Responsible Officer of the Company as fairly presenting in all
material respects the financial condition, results of operations, stockholders’ equity
and cash flows of the Company and its Subsidiaries in accordance with GAAP, subject only to
normal year-end audit adjustments and the absence of footnotes;

 

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as soon as available, and in any event no later than ninety (90) days after the end of
each fiscal year of the Company, a detailed consolidated budget for the following fiscal
year (including a projected consolidated balance sheet of the Company and its Subsidiaries
as of the end of the following fiscal year, the related consolidated statements of projected
cash flow and projected income and a summary of the material underlying assumptions
applicable thereto), and, as soon as available, significant revisions, if any, of such
budget and projections with respect to such fiscal year (collectively, the “Projections”),
which Projections shall in each case be accompanied by a certificate of a Responsible
Officer stating that such Projections are based on reasonable estimates, information and
assumptions and that such Responsible Officer has no reason to believe that such Projections
are incorrect or misleading in any material respect; and

simultaneously with the delivery of each set of consolidated financial statements
referred to in Sections 6.01(a) and 6.01(b) above, the related consolidating financial
statements reflecting the adjustments necessary to eliminate the accounts of Unrestricted
Subsidiaries (if any) from such consolidated financial statements.

Notwithstanding the foregoing, the obligations in paragraphs (a) and (b) of this Section 6.01 may
be satisfied with respect to financial information of the Company and the Restricted Subsidiaries
by furnishing (A) the applicable financial statements of Holdings (or any direct or indirect parent
of Holdings) or (B) the Company’s or Holdings’ (or any direct or indirect parent thereof), as
applicable, Form 10-K or 10-Q, as applicable, filed with the SEC; provided that, with respect to
each of clauses (A) and (B), (i) to the extent such information relates to Holdings (or a parent
thereof), such information is accompanied by consolidating information that explains in reasonable
detail the differences between the information relating to Holdings (or such parent), on the one
hand, and the information relating to the Company and the Restricted Subsidiaries on a standalone
basis, on the other hand and (ii) to the extent such information is in lieu of information required
to be provided under Section 6.01(a), such materials are accompanied by a report and opinion of
PricewaterhouseCoopers LLP or any other independent registered public accounting firm of nationally
recognized standing, which report and opinion shall be prepared in accordance with generally
accepted auditing standards and shall not be subject to any “going concern” or like qualification
or exception or any qualification or exception as to the scope of such audit.

SECTION 6.02. Certificates; Other Information. Deliver to the Administrative Agent
for prompt further distribution to each Lender:

(a) no later than five (5) days after the delivery of the financial statements referred to in
Section 6.01(a), a certificate of its independent registered public accounting firm certifying such
financial statements and stating that in the course of (i) making the examination necessary
therefor and (ii) performing certain other procedures permitted by professional standards, no
knowledge was obtained of any Event of Default under Section 7.11 or, if any Event of Default shall
exist, stating the nature of such event;

 

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(b) no later than five (5) days after the delivery of the financial statements referred to in
Section 6.01(a) and (b), a duly completed Compliance Certificate signed by a Responsible Officer of
the Company and, if such Compliance Certificate demonstrates an Event of Default of any covenant
under Section 7.11, any of the Equity Investors may deliver, together with such Compliance
Certificate, notice of their intent to cure (a “Notice of Intent to Cure”) such Event of Default
pursuant to Section 8.05; provided that the delivery of a Notice of Intent to Cure shall in no way
affect or alter the occurrence, existence or continuation of any such Event of Default or the
rights, benefits, powers and remedies of the Administrative Agent and the Lenders under any Loan
Document;

(c) promptly after the same are publicly available, copies of all annual, regular, periodic
and special reports and registration statements which the Company files with the SEC or with any
Governmental Authority that may be substituted therefor (other than amendments to any registration
statement (to the extent such registration statement, in the form it became effective, is
delivered), exhibits to any registration statement and, if applicable, any registration statement
on Form S-8) and in any case not otherwise required to be delivered to the Administrative Agent
pursuant hereto;

(d) promptly after the furnishing thereof, copies of any material requests or material
notices received by any Loan Party (other than in the ordinary course of business) or material
statements or material reports furnished to any holder of debt securities of any Loan Party or of
any of its Subsidiaries pursuant to the terms of any Existing Notes Documentation, New Notes
Documentation or Junior Financing Documentation in a principal amount greater than the Threshold
Amount and not otherwise required to be furnished to the Lenders pursuant to any other clause of
this Section 6.02;

(e) together with the delivery of each Compliance Certificate pursuant to Section 6.02(b),
(i) a report setting forth the information required by Section 3.03(c) of the Security Agreement or
confirming that there has been no change in such information since the Closing Date or the date of
the last such report), (ii) a description of each event, condition or circumstance during the last
fiscal quarter covered by such Compliance Certificate requiring a mandatory prepayment under
Section 2.05(b) and (iii) a list of each Subsidiary that identifies each Subsidiary as a Restricted
or an Unrestricted Subsidiary as of the date of delivery of such Compliance Certificate; and

(f) promptly, such additional information regarding the business, legal, financial or
corporate affairs of any Loan Party or any Subsidiary, or compliance with the terms of the Loan
Documents, as the Administrative Agent or any Lender through the Administrative Agent may from time
to time reasonably request.

Documents required to be delivered pursuant to Section 6.01(a) or (b) or Section 6.02(d) (to
the extent any such documents are included in materials otherwise filed with the SEC) may be
delivered electronically and if so delivered, shall be deemed to have been delivered on the date
(i) on which the Company posts such documents, or provides a link thereto on the Company’s website
on the Internet at the website address listed on Schedule 10.02; or (ii) on which such documents
are posted on the Company’s behalf on IntraLinks/IntraAgency or another relevant website, if any,
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(whether a commercial, third-party website or whether sponsored by the Administrative Agent);
provided that: (i) upon written request by the Administrative Agent, the Company shall deliver
paper copies of such documents to the Administrative Agent for further distribution to each Lender
until a written request to cease delivering paper copies is given by the Administrative Agent and
(ii) the Company shall notify (which may be by facsimile or electronic mail) the Administrative
Agent of the posting of any such documents and provide to the Administrative Agent by electronic
mail electronic versions (i.e., soft copies) of such documents. Notwithstanding anything contained
herein, in every instance the Company shall be required to provide paper copies of the Compliance
Certificates required by Section 6.02(b) to the Administrative Agent. Each Lender shall be solely
responsible for timely accessing posted documents or requesting delivery of paper copies of such
documents from the Administrative Agent and maintaining its copies of such documents.

SECTION 6.03. Notices. Promptly after obtaining knowledge thereof, notify the
Administrative Agent:

of the occurrence of any Default; and

of any matter that has resulted or could reasonably be expected to result in a Material
Adverse Effect, including arising out of or resulting from (i) breach or non-performance of,
or any default or event of default under, a Contractual Obligation of any Loan Party or any
Subsidiary, (ii) any dispute, litigation, investigation, proceeding or suspension between
any Loan Party or any Subsidiary and any Governmental Authority, (iii) the commencement of,
or any material development in, any litigation or proceeding affecting any Loan Party or any
Subsidiary, including pursuant to any applicable Environmental Laws or in respect of IP
Rights or the assertion or occurrence of any noncompliance by any Loan Party or as any of
its Subsidiaries with, or liability under, any Environmental Law or Environmental Permit, or
(iv) the occurrence of any ERISA Event.

Each notice pursuant to this Section shall be accompanied by a written statement of a
Responsible Officer of the Company (x) that such notice is being delivered pursuant to Section
6.03(a) or (b) (as applicable) and (y) setting forth details of the occurrence referred to therein
and stating what action the Company has taken and proposes to take with respect thereto.

SECTION 6.04. Payment of Obligations. Pay, discharge or otherwise satisfy as the
same shall become due and payable, all its obligations and liabilities in respect of taxes,
assessments and governmental charges or levies imposed upon it or upon its income or profits or in
respect of its property, except, in each case, to the extent the failure to pay or discharge the
same could not reasonably be expected to have a Material Adverse Effect.

SECTION 6.05. Preservation of Existence, Etc. (a) Preserve, renew and maintain in
full force and effect its legal existence under the Laws of the jurisdiction of its organization
except in a transaction permitted by Section 7.04 or 7.05 and (b) take all reasonable action to
maintain all rights, privileges (including its good standing), permits, licenses and franchises
necessary or desirable in the normal conduct of its business, except (i) to the extent
that failure to do so could not reasonably be expected to have a Material Adverse Effect or
(ii) pursuant to a transaction permitted by Section 7.04 or 7.05.

 

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SECTION 6.06. Maintenance of Properties. Except if the failure to do so could not
reasonably be expected to have a Material Adverse Effect, (a) maintain, preserve and protect all of
its material properties and equipment necessary in the operation of its business in good working
order, repair and condition, ordinary wear and tear excepted and casualty or condemnation excepted,
and (b) make all necessary renewals, replacements, modifications, improvements, upgrades,
extensions and additions thereof or thereto in accordance with prudent industry practice.

SECTION 6.07. Maintenance of Insurance. Maintain with financially sound and
reputable insurance companies, insurance with respect to its properties and business against loss
or damage of the kinds customarily insured against by Persons engaged in the same or similar
business, of such types and in such amounts (after giving effect to any self-insurance reasonable
and customary for similarly situated Persons engaged in the same or similar businesses as the
Company and the Restricted Subsidiaries) as are customarily carried under similar circumstances by
such other Persons.

SECTION 6.08. Compliance with Laws. Comply in all material respects with the
requirements of all Laws and all orders, writs, injunctions and decrees applicable to it or to its
business or property, except if the failure to comply therewith could not reasonably be expected to
have a Material Adverse Effect.

SECTION 6.09. Books and Records. Maintain proper books of record and account, in
which entries that are full, true and correct in all material respects and are in conformity with
GAAP consistently applied shall be made of all material financial transactions and matters
involving the assets and business of the Company or such Subsidiary, as the case may be.

SECTION 6.10. Inspection Rights. Permit representatives and independent contractors
of the Administrative Agent and each Lender to visit and inspect any of its properties, to examine
its corporate, financial and operating records, and make copies thereof or abstracts therefrom, and
to discuss its affairs, finances and accounts with its directors, officers, and independent public
accountants, all at the reasonable expense of the Company and at such reasonable times during
normal business hours and as often as may be reasonably desired, upon reasonable advance notice to
the Company; provided that, excluding any such visits and inspections during the continuation of an
Event of Default, only the Administrative Agent on behalf of the Lenders may exercise rights of the
Administrative Agent and the Lenders under this Section 6.10 and the Administrative Agent shall not
exercise such rights more often than two (2) times during any calendar year absent the existence of
an Event of Default and only one (1) such time shall be at the Company’s expense; provided further
that when an Event of Default exists, the Administrative Agent or any Lender (or any of their
respective representatives or independent contractors) may do any of the foregoing at the expense
of the Company at any time during normal business hours and upon reasonable advance notice. The
Administrative Agent and the Lenders shall give the Company the opportunity to participate in any
discussions with the Company’s independent public accountants.

 

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SECTION 6.11. Covenant to Guarantee Obligations and Give Security. At the Company’s
expense, take all action necessary or reasonably requested by the Administrative Agent to ensure
that the Collateral and Guarantee Requirement continues to be satisfied, including:

(a) upon the formation or acquisition of any new direct or indirect wholly owned Domestic
Subsidiary or Qualified Foreign Subsidiary (in each case, other than an Unrestricted Subsidiary or
an Excluded Subsidiary) by any Loan Party or the designation in accordance with Section 6.15 of any
existing direct or indirect wholly owned Domestic Subsidiary or Qualified Foreign Subsidiary as a
Restricted Subsidiary:

(a) within thirty (30) days after such formation, acquisition or designation or such
longer period as the Administrative Agent may agree in its discretion:

(i) cause each such Restricted Subsidiary that is required to become a
Guarantor under the Collateral and Guarantee Requirement to furnish to the
Administrative Agent a description of the real properties owned or leased by such
Restricted Subsidiary that (x) in the case of owned properties, have a book value in
excess of $5,000,000 or (y) in the case of leased properties, are expected to have
aggregate annual rental payments in excess of $1,000,000, in detail reasonably
satisfactory to the Administrative Agent;

(ii) cause (x) each such Restricted Subsidiary that is required to become a
Guarantor pursuant to the Collateral and Guarantee Requirement to duly execute and
deliver to the Administrative Agent or the Collateral Agent (as appropriate)
Mortgages, Security Agreement Supplements, Intellectual Property Security Agreements
and other security agreements and documents (including, with respect to Mortgages,
the documents listed in Section 6.13(b)), as reasonably requested by and in form and
substance reasonably satisfactory to the Administrative Agent (consistent with the
Mortgages, Security Agreement, Intellectual Property Security Agreements and other
security agreements in effect on the Closing Date), in each case granting Liens
required by the Collateral and Guarantee Requirement and (y) each direct or indirect
parent of each such Restricted Subsidiary that is required to be a Guarantor
pursuant to the Collateral and Guarantee Requirement to duly execute and deliver to
the Administrative Agent such Security Agreement Supplements and other security
agreements as reasonably requested by and in form and substance reasonably
satisfactory to the Administrative Agent (consistent with the Security Agreements in
effect on the Closing Date), in each case granting Liens required by the Collateral
and Guarantee Requirement;

 

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(iii) (x) cause each such Restricted Subsidiary that is required to become a
Guarantor pursuant to the Collateral and Guarantee Requirement to deliver any and
all certificates representing Equity Interests (to the extent certificated) that are
required to be pledged pursuant to the Collateral and Guarantee Requirement,
accompanied by undated stock powers or other appropriate instruments of transfer
executed in blank and instruments evidencing the intercompany Indebtedness held
by such Restricted Subsidiary and required to be pledged pursuant to the
Collateral Documents, indorsed in blank to the Collateral Agent and (y) cause each
direct or indirect parent of such Restricted Subsidiary that is required to be a
Guarantor pursuant to the Collateral and Guarantee Requirement to deliver any and
all certificates representing the outstanding Equity Interests (to the extent
certificated) of such Restricted Subsidiary that are required to be pledged pursuant
to the Collateral and Guarantee Requirement, accompanied by undated stock powers or
other appropriate instruments of transfer executed in blank and instruments
evidencing the intercompany Indebtedness issued by such Restricted Subsidiary and
required to be pledged in accordance with the Collateral Documents , indorsed in
blank to the Collateral Agent;

(iv) take and cause such Restricted Subsidiary and each direct or indirect
parent of such Restricted Subsidiary to take whatever action (including the
recording of Mortgages, the filing of Uniform Commercial Code financing statements
and delivery of stock and membership interest certificates) may be necessary in the
reasonable opinion of the Administrative Agent to vest in the Administrative Agent
(or in any representative of the Administrative Agent designated by it) valid Liens
required by the Collateral and Guarantee Requirement, enforceable against all third
parties in accordance with their terms, except as such enforceability may be limited
by Debtor Relief Laws and by general principles of equity,

(b) within thirty (30) days after the request therefor by the Administrative Agent,
deliver to the Administrative Agent a signed copy of an opinion, addressed to the
Administrative Agent and the other Secured Parties, of counsel for the Loan Parties
reasonably acceptable to the Administrative Agent as to such matters set forth in this
Section 6.11(a) as the Administrative Agent may reasonably request, and

(c) as promptly as practicable after the request therefor by the Administrative Agent,
deliver to the Administrative Agent with respect to each parcel of real property (A) that is
owned by such Restricted Subsidiary and has a book value in excess of $5,000,000 or (B) that
is leased by such Restricted Subsidiary under a lease requiring aggregate annual rental
payments in excess of $1,000,000, any existing title reports, surveys or environmental
assessment reports.

(b) (a) The Company shall use its commercially reasonable efforts to create and perfect
security interests in the leased real properties set forth on Schedule 1.01A;

(b) the Company shall obtain the security interests and Guarantees set forth on
Schedule 1.01B on or prior to the dates corresponding to such security interests and
Guarantees set forth on Schedule 1.01B; and

 

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(c) after the Closing Date, concurrently with (x) the acquisition of any material
personal property by any Loan Party, (y) the acquisition of any owned real property by any
Loan Party with a book value in excess of $5,000,000 or (z) the entering into, or renewal,
by any Loan Party of a lease in respect of real property requiring
aggregate annual rental payments in excess of $1,000,000, and such personal property,
owned real property or lease shall not already be subject to a perfected Lien pursuant to
the Collateral and Guarantee Requirement, the Company shall give notice thereof to the
Administrative Agent and promptly thereafter shall cause such assets to be subjected to a
Lien to the extent required by the Collateral and Guarantee Requirement and will take, or
cause the relevant Loan Party to take, such actions as shall be necessary or reasonably
requested by the Administrative Agent to grant and perfect or record such Lien, including,
as applicable, the actions referred to in Section 6.13(b) with respect to real property.

(c) On or prior to the date of designation of any Overseas Revolver Borrower in accordance
with Section 2.14 or such later date as the Administrative Agent may agree in its discretion, the
Company shall, in each case at the Company’s expense (A) to the extent required by the Collateral
and Guarantee Requirement, cause each Qualified Foreign Subsidiary of such Overseas Revolver
Borrower and each direct and indirect parent of such Overseas Revolver Borrower to duly execute and
deliver to the Administrative Agent a guaranty or guaranty supplement in form and substance
reasonably satisfactory to the Administrative Agent, guaranteeing the obligations of such Overseas
Revolver Borrower under the Loan Documents in accordance with the Collateral and Guarantee
Requirement, (B) to the extent required by the Collateral and Guarantee Requirement, cause such
Overseas Revolver Borrower, its Qualified Foreign Subsidiaries and, to the extent that it has not
already done so, each direct or indirect parent of the Overseas Revolver Borrower, at the Company’s
expense, to execute, deliver, file and record any documents, statements, assignment, instrument,
agreement or other paper and take all other actions necessary in order to create a perfected
security interest (to the extent possible under local Law and with the priority required by the
Collateral Documents) in all of the assets (subject to exceptions and limitations consistent with
those set forth in the Collateral Documents as in effect on the Closing Date (to the extent
appropriate in the applicable jurisdiction)) of such Overseas Revolver Borrower and each of its
Qualified Foreign Subsidiaries and direct or indirect parents that are required to secure their
respective obligations under the Loan Documents pursuant to the Collateral and Guarantee
Requirement, (C) deliver to the Administrative Agent an opinion of counsel, addressed to the
Administrative Agent and the other Secured Parties, reasonably acceptable to the Administrative
Agent addressing the matters set forth in clause (B) above (if applicable) and such other matters
as the Administrative Agent may reasonably request and (D) deliver such other documents or
certificates evidencing matters referred to in Section 4.01(a)(iv) and Section 4.01(a)(v) as the
Administrative Agent shall reasonably request.

SECTION 6.12. Compliance with Environmental Laws. Except, in each case, to the
extent that the failure to do so could not reasonably be expected to have, individually or in the
aggregate, a Material Adverse Effect, comply, and take all reasonable actions to cause all lessees
and other Persons operating or occupying its properties to comply with all applicable Environmental
Laws and Environmental Permits; obtain and renew all Environmental Permits necessary for its
operations and properties; and, in each case to the extent required by Environmental Laws, conduct
any investigation, study, sampling and testing, and undertake any cleanup, removal, remedial or
other action necessary to remove and clean up all Hazardous Materials from any of its properties,
in accordance with the requirements of all Environmental Laws.

 

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SECTION 6.13. Further Assurances and Post-Closing Conditions.
(a) Promptly upon reasonable request by the Administrative Agent (i) correct any material
defect or error that may be discovered in the execution, acknowledgment, filing or recordation of
any Collateral Document or other document or instrument relating to any Collateral, and (ii) do,
execute, acknowledge, deliver, record, re-record, file, re-file, register and re-register any and
all such further acts, deeds, certificates, assurances and other instruments as the Administrative
Agent may reasonably request from time to time in order to carry out more effectively the purposes
of the Collateral Documents.

(b) In the case of any real property referred to in Section 6.11(b), provide the
Administrative Agent with (1) Mortgages with respect to such owned real property within thirty (30)
days of the acquisition of, or, if requested by the Administrative Agent, entry into, or renewal
of, a ground lease in respect of, such real property or (2) a Collateral Assignment with respect to
a space lease in respect of such real property, in each case together with:

evidence that counterparts of the Mortgages or Collateral Assignments, as
applicable, have been duly executed, acknowledged and delivered and are in form
suitable for filing or recording in all filing or recording offices that the
Administrative Agent may deem reasonably necessary or desirable in order to create a
valid and subsisting perfected Lien on the property and/or rights described therein
in favor of the Administrative Agent or the Collateral Agent (as appropriate) for
the benefit of the Secured Parties and that all filing and recording taxes and fees
have been paid or otherwise provided for in a manner reasonably satisfactory to the
Administrative Agent;

fully paid American Land Title Association Lender’s Extended Coverage title
insurance policies or the equivalent or other form available in each applicable
jurisdiction (the “Mortgage Policies”) in form and substance, with endorsements and
in amount, reasonably acceptable to the Administrative Agent (not to exceed the
value of the real properties covered thereby), issued, coinsured and reinsured by
title insurers reasonably acceptable to the Administrative Agent, insuring the
Mortgages to be valid subsisting Liens on the property described therein, free and
clear of all defects and encumbrances, subject to Liens permitted by Section 7.01,
and providing for such other affirmative insurance (including endorsements for
future advances under the Loan Documents) and such coinsurance and direct access
reinsurance as the Administrative Agent may reasonably request;

opinions of local counsel for the Loan Parties in states in which the real
properties are located, with respect to the enforceability and perfection of the
Mortgages and any related fixture filings in form and substance reasonably
satisfactory to the Administrative Agent;

evidence that each such space lease contains a provision reasonably acceptable
to the Administrative Agent permitting a Collateral Assignment with respect to such
provisions; provided that the Administrative Agent shall be permitted to waive this
requirement if it is reasonably satisfied that the Company has used its commercially
reasonable efforts to comply with this requirement; and

such other evidence that all other actions that the Administrative Agent may
reasonably deem necessary or desirable in order to create valid and subsisting Liens
on the property described in the Mortgages or the Collateral Assignment has been
taken.

 

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(c) Promptly after the Closing Date, the Company shall use its commercially reasonable
efforts to obtain Collateral Assignments with respect to each space lease set forth in Schedule
1.01A.

SECTION 6.14. Ownership of Overseas Borrowers. Each of the Overseas Borrowers will,
at all times, be a direct or indirect wholly owned Subsidiary of the Company.

SECTION 6.15. Designation of Subsidiaries. The board of directors of Holdings may at
any time designate any Restricted Subsidiary as an Unrestricted Subsidiary or any Unrestricted
Subsidiary as a Restricted Subsidiary; provided that (i) immediately before and after such
designation, no Default shall have occurred and be continuing, (ii) immediately after giving effect
to such designation, the Company and the Restricted Subsidiaries shall be in compliance, on a Pro
Forma Basis, with the covenants set forth in Section 7.11 (and, as a condition precedent to the
effectiveness of any such designation, the Company shall deliver to the Administrative Agent a
certificate setting forth in reasonable detail the calculations demonstrating such compliance),
(iii) no Subsidiary may be designated as an Unrestricted Subsidiary if such Subsidiary is a
Borrower, (iv) no Subsidiary may be designated as an Unrestricted Subsidiary if it is a “Restricted
Subsidiary” for the purpose of the Existing Notes, the New Notes or any Junior Financing, as
applicable, and (v) no Restricted Subsidiary may be designated as an Unrestricted Subsidiary if it
was previously designated an Unrestricted Subsidiary. The designation of any Subsidiary as an
Unrestricted Subsidiary shall constitute an Investment by the Company therein at the date of
designation in an amount equal to the net book value of the Company’s (as applicable) investment
therein. The designation of any Unrestricted Subsidiary as a Restricted Subsidiary shall
constitute the incurrence at the time of designation of any Indebtedness or Liens of such
Subsidiary existing at such time.

ARTICLE VII.

Negative Covenants

So long as any Lender shall have any Commitment hereunder, any Loan or other Obligation
hereunder which is accrued and payable shall remain unpaid or unsatisfied, or any Letter of Credit
shall remain outstanding, Holdings and the Company shall not, nor shall they permit any of their
Restricted Subsidiaries to, directly or indirectly:

SECTION 7.01. Liens. Create, incur, assume or suffer to exist any Lien upon any of
its property, assets or revenues, whether now owned or hereafter acquired, other than the
following:

(a) Liens pursuant to any Loan Document;

 

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(b) Liens existing on the date hereof and listed on Schedule 7.01(b) and any modifications,
replacements, renewals or extensions thereof; provided that (i) the Lien does not
extend to any additional property other than (A) after-acquired property that is affixed or
incorporated into the property covered by such Lien or financed by Indebtedness permitted under
Section 7.03, and (B) proceeds and products thereof, and (ii) the renewal, extension or refinancing
of the obligations secured or benefited by such Liens is permitted by Section 7.03;

(c) Liens for taxes, assessments or governmental charges which are not overdue for a period
of more than thirty (30) days or which are being contested in good faith and by appropriate
proceedings diligently conducted, if adequate reserves with respect thereto are maintained on the
books of the applicable Person in accordance with GAAP;

(d) statutory Liens of landlords, carriers, warehousemen, mechanics, materialmen, repairmen,
construction contractors or other like Liens arising in the ordinary course of business which
secure amounts not overdue for a period of more than thirty (30) days or if more than thirty (30)
days overdue, are unfiled and no other action has been taken to enforce such Lien or which are
being contested in good faith and by appropriate proceedings diligently conducted, if adequate
reserves with respect thereto are maintained on the books of the applicable Person in accordance
with GAAP;

(e) (i) pledges or deposits in the ordinary course of business in connection with workers’
compensation, unemployment insurance and other social security legislation and (ii) pledges and
deposits in the ordinary course of business securing liability for reimbursement or indemnification
obligations of (including obligations in respect of letters of credit or bank guarantees for the
benefit of) insurance carriers providing property, casualty or liability insurance to Holdings, the
Company or any Restricted Subsidiary;

(f) deposits to secure the performance of bids, trade contracts, governmental contracts and
leases (other than Indebtedness for borrowed money), statutory obligations, surety, stay, customs
and appeal bonds, performance bonds and other obligations of a like nature (including those to
secure health, safety and environmental obligations) incurred in the ordinary course of business;

(g) easements, rights-of-way, restrictions, encroachments, protrusions and other similar
encumbrances and minor title defects affecting real property which, in the aggregate, do not in any
case materially interfere with the ordinary conduct of the business of the Company or any material
Subsidiary;

(h) Liens securing judgments for the payment of money not constituting an Event of Default
under Section 8.01(h);

(i) Liens securing Indebtedness permitted under Section 7.03(e); provided that (i) such Liens
attach concurrently with or within two hundred and seventy (270) days after the acquisition,
repair, replacement, construction or improvement (as applicable) of the property subject to such
Liens, (ii) such Liens do not at any time encumber any property except for accessions to such
property other than the property financed by such Indebtedness and the proceeds and the products
thereof and (iii) with respect to Capitalized Leases, such Liens do not at any time extend to or
cover any assets (except for accessions to such assets) other than the assets subject to such
Capitalized Leases; provided that individual financings of equipment
provided by one lender may be cross collateralized to other financings of equipment provided
by such lender;

 

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(j) leases, licenses, subleases or sublicenses granted to others in the ordinary course of
business which do not (i) interfere in any material respect with the business of the Company or any
material Subsidiary or (ii) secure any Indebtedness;

(k) Liens in favor of customs and revenue authorities arising as a matter of law to secure
payment of customs duties in connection with the importation of goods in the ordinary course of
business;

(l) Liens (i) of a collection bank arising under Section 4-210 of the Uniform Commercial Code
on items in the course of collection, (ii) attaching to commodity trading accounts or other
commodities brokerage accounts incurred in the ordinary course of business; and (iii) in favor of a
banking institution arising as a matter of law encumbering deposits (including the right of
set-off) and which are within the general parameters customary in the banking industry;

(m) Liens (i) on cash advances in favor of the seller of any property to be acquired in an
Investment permitted pursuant to Sections 7.02(g), (i) and (n) to be applied against the purchase
price for such Investment, and (ii) consisting of an agreement to Dispose of any property in a
Disposition permitted under Section 7.05, in each case, solely to the extent such Investment or
Disposition, as the case may be, would have been permitted on the date of the creation of such
Lien;

(n) Liens on property (i) of any Foreign Subsidiary that is not a Loan Party and (ii) that
does not constitute Collateral, which Liens secure Indebtedness of the applicable Foreign
Subsidiary permitted under Section 7.03;

(o) Liens in favor of the Company or a Restricted Subsidiary securing Indebtedness permitted
under Section 7.03(d);

(p) Liens existing on property at the time of its acquisition or existing on the property of
any Person at the time such Person becomes a Restricted Subsidiary (other than by designation as a
Restricted Subsidiary pursuant to Section 6.15), in each case after the date hereof (other than
Liens on the Equity Interests of any Person that becomes a Restricted Subsidiary); provided that
(i) such Lien was not created in contemplation of such acquisition or such Person becoming a
Restricted Subsidiary, (ii) such Lien does not extend to or cover any other assets or property
(other than the proceeds or products thereof and other than after-acquired property subjected to a
Lien securing Indebtedness and other obligations incurred prior to such time and which Indebtedness
and other obligations are permitted hereunder that require, pursuant to their terms at such time, a
pledge of after-acquired property, it being understood that such requirement shall not be permitted
to apply to any property to which such requirement would not have applied but for such
acquisition), and (iii) the Indebtedness secured thereby is permitted under Section 7.03(e), (g),
(h), or (k);

(q) any interest or title of a lessor under leases entered into by the Company or any of the
Restricted Subsidiaries in the ordinary course of business;

 

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(r) Liens arising out of conditional sale, title retention, consignment or similar
arrangements for sale of goods entered into by the Company or any of the Restricted Subsidiaries in
the ordinary course of business permitted by this Agreement;

(s) Liens deemed to exist in connection with Investments in repurchase agreements under
Section 7.02;

(t) Liens encumbering reasonable customary initial deposits and margin deposits and similar
Liens attaching to commodity trading accounts or other brokerage accounts incurred in the ordinary
course of business and not for speculative purposes;

(u) Liens that are contractual rights of set-off (i) relating to the establishment of
depository relations with banks not given in connection with the issuance of Indebtedness, (ii)
relating to pooled deposit or sweep accounts of Holdings, the Company or any Restricted Subsidiary
to permit satisfaction of overdraft or similar obligations incurred in the ordinary course of
business of Holdings, the Company and the Restricted Subsidiaries or (iii) relating to purchase
orders and other agreements entered into with customers of Holdings, the Company or any Restricted
Subsidiary in the ordinary course of business;

(v) Liens solely on any cash earnest money deposits made by Holdings, the Company or any of
the Restricted Subsidiaries in connection with any letter of intent or purchase agreement permitted
hereunder;

(w) (i) Liens placed upon the Equity Interests of any Restricted Subsidiary acquired pursuant
to a Permitted Acquisition to secure Indebtedness incurred pursuant to Section 7.03(g) in
connection with such Permitted Acquisition and (ii) Liens placed upon the assets of such Restricted
Subsidiary and any of its Subsidiaries to secure a Guarantee by such Restricted Subsidiary and its
Subsidiaries of any such Indebtedness incurred pursuant to Section 7.03(g);

(x) Liens in respect of the Receivables Facility;

(y) Broker-Dealer Liens in respect of the Broker-Dealer Facility;

(z) Pari Passu Liens;

(aa) ground leases in respect of real property on which facilities owned or leased by the
Company or any of its Subsidiaries are located;

(bb) other Liens securing Indebtedness outstanding in an aggregate principal amount not to
exceed $75,000,000; and

(cc) Liens on the Collateral securing Permitted First Priority Refinancing Debt and Permitted
Second Priority Refinancing Debt permitted under Section 7.03(x).

Notwithstanding the foregoing, no Liens on any IP Collateral shall be permitted at any time, other
than pursuant to Section 7.01(a), (b), (c), (h), (j), (m), (o), (p), (r), (u)(iii) or (w).

 

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SECTION 7.02. Investments. Make or hold any Investments, except:

(a) Investments by the Company or a Restricted Subsidiary in assets that were Cash
Equivalents when such Investment was made;

(b) loans or advances to officers, directors and employees of Holdings, the Company and the
Restricted Subsidiaries (i) for reasonable and customary business-related travel, entertainment,
relocation and analogous ordinary business purposes, (ii) in connection with such Person’s purchase
of Equity Interests of Holdings (or any direct or indirect parent thereof) (provided that the
amount of such loans and advances shall be contributed to the Company in cash as common equity) and
(iii) for purposes not described in the foregoing clauses (i) and (ii), in an aggregate principal
amount outstanding not to exceed $10,000,000;

(c) Investments (i) by Holdings, the Company or any Restricted Subsidiary in any Loan Party
(excluding any new Restricted Subsidiary which becomes a Loan Party and excluding any Foreign
Subsidiary), (ii) by any Restricted Subsidiary that is not a Loan Party in any other such
Restricted Subsidiary that is also not a Loan Party, (iii) by the Company or any Restricted
Subsidiary (A) in any Foreign Subsidiary; provided that the aggregate amount of such Investments
after the Restatement Effective Date in Foreign Subsidiaries that are not Loan Parties (together
with, but without duplication, the aggregate consideration paid after the Restatement Effective
Date in respect of Permitted Acquisitions of Persons that do not become Loan Parties pursuant to
Section 7.02(i)(B)) shall not exceed $325,000,000 (net of any return representing a return of
capital in respect of any such Investment) or (B) in any Foreign Subsidiary that is a Loan Party,
consisting of the contribution of Equity Interests of any other Foreign Subsidiary held directly by
the Company or such Restricted Subsidiary in exchange for Indebtedness, Equity Interests or a
combination thereof of the Foreign Subsidiary to which such contribution is made, (C) in any
Foreign Subsidiary, constituting an exchange of Equity Interests of such Foreign Subsidiary for
Indebtedness of such Foreign Subsidiary or (D) constituting Guarantees of Indebtedness or other
monetary obligations of Foreign Subsidiaries owing to any Loan Party and (iv) by any Foreign
Subsidiary that is a Loan Party in any other Foreign Subsidiary that is a Loan Party (other than
any new Restricted Subsidiary that becomes a Loan Party);

(d) Investments consisting of extensions of credit in the nature of accounts receivable or
notes receivable arising from the grant of trade credit in the ordinary course of business, and
Investments received in satisfaction or partial satisfaction thereof from financially troubled
account debtors and other credits to suppliers in the ordinary course of business;

(e) Investments consisting of Liens, Indebtedness, fundamental changes, Dispositions and
Restricted Payments permitted under Sections 7.01, 7.03, 7.04, 7.05 and 7.06, respectively;

(f) Investments (i) existing or contemplated on the date hereof and set forth on Schedule
7.02(f) and any modification, replacement, renewal, reinvestment or extension thereof and (ii)
Investments existing on the date hereof by the Company or any Restricted Subsidiary in the Company
or any other Restricted Subsidiary and any modification, renewal or extension thereof; provided
that the amount of the original Investment is not increased except by the terms of such Investment
or as otherwise permitted by this Section 7.02;

(g) Investments in Swap Contracts permitted under Section 7.03;

 

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(h) promissory notes and other noncash consideration received in connection with Dispositions
permitted by Section 7.05;

(i) the purchase or other acquisition of property and assets or businesses of any Person or
of assets constituting a business unit, a line of business or division of such Person, or Equity
Interests in a Person that, upon the consummation thereof, will be a wholly owned Subsidiary of the
Company (including as a result of a merger or consolidation); provided that, with respect to each
purchase or other acquisition made pursuant to this Section 7.02(i) (each, a “Permitted
Acquisition”):

(i) subject to clause (B) below, a majority of all property, assets and
businesses acquired in such purchase or other acquisition shall constitute
Collateral and each applicable Loan Party and any such newly created or acquired
Subsidiary (and, to the extent required under the Collateral and Guarantee
Requirement, the Subsidiaries of such created or acquired Subsidiary) shall be a
Guarantor and shall have complied with the requirements of Section 6.11, within the
times specified therein;

(ii) the aggregate amount of consideration paid after the Restatement
Effective Date in respect of acquisitions of Persons that do not become Loan Parties
(together with the aggregate amount of all Investments after the Restatement
Effective Date in Foreign Subsidiaries that are not Loan Parties pursuant to Section
7.02(c)(iii)(A)) shall not exceed $325,000,000 (net of any return representing a
return of capital in respect of any such Investment);

(iii) the acquired property, assets, business or Person is in the same line of
business as the Company or a Subsidiary;

(iv) (1) immediately before and immediately after giving Pro Forma Effect to
any such purchase or other acquisition, no Default shall have occurred and be
continuing and (2) immediately after giving effect to such purchase or other
acquisition, the Company and the Restricted Subsidiaries shall be in Pro Forma
Compliance with all of the covenants set forth in Section 7.11, such compliance to
be determined on the basis of the financial information most recently delivered to
the Administrative Agent and the Lenders pursuant to Section 6.01(a) or (b) as
though such purchase or other acquisition had been consummated as of the first day
of the fiscal period covered thereby and evidenced by a certificate from the Chief
Financial Officer of the Company demonstrating such compliance calculation in
reasonable detail; and

(v) the Company shall have delivered to the Administrative Agent, on behalf of
the Lenders, no later than five (5) Business Days after the date on which any such
purchase or other acquisition is consummated, a certificate of a Responsible
Officer, in form and substance reasonably satisfactory to the Administrative Agent,
certifying that all of the requirements set forth in this clause (i) have been
satisfied or will be satisfied on or prior to the consummation of such purchase or
other acquisition;

 

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(j) the Transaction;

(k) Investments in the ordinary course of business consisting of Article 3 endorsements for
collection or deposit and Article 4 customary trade arrangements with customers consistent with
past practices;

(l) Investments (including debt obligations and Equity Interests) received in connection with
the bankruptcy or reorganization of suppliers and customers or in settlement of delinquent
obligations of, or other disputes with, customers and suppliers arising in the ordinary course of
business or upon the foreclosure with respect to any secured Investment or other transfer of title
with respect to any secured Investment;

(m) loans and advances to Holdings (or any direct or indirect parent thereof) in lieu of, and
not in excess of the amount of (after giving effect to any other loans, advances or Restricted
Payments in respect thereof), Restricted Payments to the extent permitted to be made to Holdings
(or such parent) in accordance with Sections 7.06(h), (i) or (j);

(n) so long as immediately after giving effect to any such Investment, no Default has
occurred and is continuing and the Company and the Restricted Subsidiaries will be in Pro Forma
Compliance with the covenants set forth in Section 7.11, other Investments that do not exceed
$500,000,000 in the aggregate, net of any return representing return of capital in respect of any
such investment and valued at the time of the making thereof; provided that, such amount shall be
increased by (i) the Net Cash Proceeds of Permitted Equity Issuances (other than Permitted Equity
Issuances made pursuant to Section 8.05) that are Not Otherwise Applied and (ii) if, as of the last
day of the immediately preceding Test Period (after giving Pro Forma Effect to such Investments)
the Total Leverage Ratio is 6.25:1 or less, the amount of Cumulative Excess Cash Flow that is Not
Otherwise Applied;

(o) advances of payroll payments to employees in the ordinary course of business;

(p) Investments to the extent that payment for such Investments is made solely with capital
stock of Holdings (or the Company after a Qualifying IPO of the Company);

(q) Investments of a Restricted Subsidiary acquired after the Closing Date or of a
corporation merged into the Company or merged or consolidated with a Restricted Subsidiary in
accordance with Section 7.04 after the Closing Date to the extent that such Investments were not
made in contemplation of or in connection with such acquisition, merger or consolidation and were
in existence on the date of such acquisition, merger or consolidation;

(r) Investments arising as a result of the Receivables Facility; and

(s) Guarantees by Holdings, the Company or any Restricted Subsidiary of leases (other than
Capitalized Leases) or of other obligations that do not constitute Indebtedness, in each case
entered into in the ordinary course of business;

provided that no Investment in an Unrestricted Subsidiary that would otherwise be permitted under
this Section 7.02 shall be permitted hereunder to the extent that any portion of such
Investment is used to make any prepayments, redemptions, purchases, defeasances and other payments
in respect of Junior Financings.

 

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SECTION 7.03. Indebtedness. Create, incur, assume or suffer to exist any
Indebtedness, except:

Indebtedness of Holdings, the Company and any of its Subsidiaries under the Loan
Documents (including any Indebtedness incurred pursuant to Sections 2.15 and 2.18);

Indebtedness (i) outstanding on the date hereof and listed on Schedule 7.03(b) and any
Permitted Refinancing thereof and (ii) intercompany Indebtedness outstanding on the date
hereof;

Guarantees by Holdings, the Company and the Restricted Subsidiaries in respect of
Indebtedness of the Company or any Restricted Subsidiary otherwise permitted hereunder;
provided that (A) no Guarantee by any Restricted Subsidiary of any Existing Note, New Note,
or Junior Financing shall be permitted unless such Restricted Subsidiary shall have also
provided a Guarantee of the Obligations substantially on the terms set forth in the
Subsidiary Guaranty and (B) if the Indebtedness being Guaranteed is subordinated to the
Obligations, such Guarantee shall be subordinated to the Guarantee of the Obligations on
terms at least as favorable to the Lenders as those contained in the subordination of such
Indebtedness;

Indebtedness of the Company or any Restricted Subsidiary owing to the Company or any
other Restricted Subsidiary to the extent constituting an Investment permitted by Section
7.02; provided that, all such Indebtedness of any Loan Party owed to any Person that is not
a Loan Party shall be subject to the subordination terms set forth in Section 5.03 of the
Security Agreement;

(i) Attributable Indebtedness and other Indebtedness (including Capitalized Leases)
financing the acquisition, construction, repair, replacement or improvement of fixed or
capital assets, other than software; provided that such Indebtedness is incurred
concurrently with or within two hundred and seventy (270) days after the applicable
acquisition, construction, repair, replacement or improvement, (ii) Attributable
Indebtedness arising out of sale-leaseback transactions permitted by Section 7.05(f) and
(iii) any Permitted Refinancing of any Indebtedness set forth in the immediately preceding
clauses (i) and (ii);

Indebtedness in respect of Swap Contracts designed to hedge against interest rates,
foreign exchange rates or commodities pricing risks incurred in the ordinary course of
business and not for speculative purposes;

Indebtedness of Foreign Subsidiaries or Guarantors (i) assumed in connection with any
Permitted Acquisition or (ii) incurred to finance a Permitted Acquisition, in each case,
that is secured only by the assets or business acquired in the applicable Permitted
Acquisition (including any acquired Equity Interests) and so long as both immediately prior
and after giving effect thereto, (A) no Default shall exist or result therefrom, (B) the
Company and the Restricted Subsidiaries will be in Pro Forma Compliance with the
covenants set forth in Section 7.11, and (C) the aggregate principal amount of such
Indebtedness and all Indebtedness resulting from any Permitted Refinancing thereof at any
time outstanding pursuant to this paragraph (g) does not exceed $200,000,000;

 

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(i) Indebtedness of Holdings, the Company and the Restricted Subsidiaries (A) assumed
in connection with any Permitted Acquisition; provided that such Indebtedness is not
incurred in contemplation of such Permitted Acquisition, or (B) incurred to finance a
Permitted Acquisition and (ii) any Permitted Refinancing of the foregoing; provided, in each
case that such Indebtedness and all Indebtedness resulting from any Permitted Refinancing
thereof (v) is unsecured or is subordinated to the Obligations on terms no less favorable to
the Lenders than the subordination terms set forth in the Senior Subordinated Notes
Indenture as of the Closing Date, (w) both immediately prior and after giving effect
thereto, (1) no Default shall exist or result therefrom and (2) the Company and the
Restricted Subsidiaries will be in Pro Forma Compliance with the covenants set forth in
Section 7.11, (x) matures after, and does not require any scheduled amortization or other
scheduled payments of principal prior to, the Maturity Date of the Term Loans (it being
understood that such Indebtedness may have mandatory prepayment, repurchase or redemptions
provisions satisfying the requirement of clause (y) hereof), (y) has terms and conditions
(other than interest rate, redemption premiums and subordination terms), taken as a whole,
that are not materially less favorable to the Company as the terms and conditions of the New
Notes as of the Closing Date; provided that a certificate of a Responsible Officer delivered
to the Administrative Agent at least five Business Days prior to the incurrence of such
Indebtedness, together with a reasonably detailed description of the material terms and
conditions of such Indebtedness or drafts of the documentation relating thereto, stating
that the Company has determined in good faith that such terms and conditions satisfy the
foregoing requirement shall be conclusive evidence that such terms and conditions satisfy
the foregoing requirement unless the Administrative Agent notifies the Company within such
five Business Day period that it disagrees with such determination (including a reasonable
description of the basis upon which it disagrees); and (z) with respect to such Indebtedness
described in the immediately preceding clause (B), is incurred by the Company or a
Guarantor.

Indebtedness representing deferred compensation to employees of the Company and the
Restricted Subsidiaries incurred in the ordinary course of business;

Indebtedness consisting of promissory notes issued by any Loan Party to current or
former officers, directors and employees, their respective estates, spouses or former
spouses to finance the purchase or redemption of Equity Interests of Holdings permitted by
Section 7.06;

Indebtedness incurred by Holdings, the Company or the Restricted Subsidiaries in a
Permitted Acquisition, any other Investment expressly permitted hereunder or any Disposition
constituting indemnification obligations or obligations in respect of purchase price or
other similar adjustments;

 

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Indebtedness consisting of obligations of Holdings, the Company or the Restricted
Subsidiaries under deferred compensation or other similar arrangements incurred by such
Person in connection with the Transaction and Permitted Acquisitions or any other Investment
expressly permitted hereunder;

Cash Management Obligations and other Indebtedness in respect of netting services,
overdraft protections and similar arrangements in each case in connection with deposit
accounts;

Indebtedness in an aggregate principal amount not to exceed $750,000,000 at any time
outstanding; provided that a maximum of $400,000,000 of aggregate principal amount of such
Indebtedness (less the aggregate principal amount of Indebtedness of Foreign Subsidiaries
that are not Guarantors outstanding at any time under Section 7.03(g)) may be incurred on a
secured basis by Foreign Subsidiaries that are not Guarantors solely for working capital
purposes of, or financing Permitted Acquisitions by, such Foreign Subsidiaries;

Indebtedness consisting of (a) the financing of insurance premiums or (b) take-or-pay
obligations contained in supply arrangements, in each case, in the ordinary course of
business;

Indebtedness incurred by the Company or any of the Restricted Subsidiaries in respect
of letters of credit, bank guarantees, bankers’ acceptances or similar instruments issued or
created in the ordinary course of business, including in respect of workers compensation
claims, health, disability or other employee benefits or property, casualty or liability
insurance or self-insurance or other Indebtedness with respect to reimbursement-type
obligations regarding workers compensation claims; provided that any reimbursement
obligations in respect thereof are reimbursed within 30 days following the incurrence
thereof;

obligations in respect of performance, bid, appeal and surety bonds and performance and
completion guarantees and similar obligations provided by the Company or any of the
Restricted Subsidiaries or obligations in respect of letters of credit, bank guarantees or
similar instruments related thereto, in each case in the ordinary course of business or
consistent with past practice;

unsecured Indebtedness of Holdings (“Permitted Holdings Debt”) (i) that is not subject
to any Guarantee by the Company or any Restricted Subsidiary, (ii) that will not mature
prior to the date that is ninety-one (91) days after the Maturity Date of the Term Loans,
(iii) that has no scheduled amortization or payments of principal (it being understood that
such Indebtedness may have mandatory prepayment, repurchase or redemption provisions
satisfying the requirements of clause (v) hereof), (iv) that does not require any payments
in cash of interest or other amounts in respect of the principal thereof prior to the
earlier to occur of (A) the date that is five (5) years from the date of the issuance or
incurrence thereof and (B) the date that is ninety-one (91) days after the Maturity Date of
the Term Loans, and (v) that has mandatory prepayment, repurchase or redemption, covenant,
default

 

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and remedy provisions customary for senior discount notes of an issuer that is the parent of a borrower under senior secured credit facilities,
and in any event, with respect to covenant, default and remedy provisions, no more
restrictive than those set forth in the Senior Subordinated Notes Indenture as of the
Closing Date, taken as a whole (other than provisions customary for senior discount notes of
a holding company); provided that a certificate of a Responsible Officer delivered to the
Administrative Agent at least five Business Days prior to the incurrence of such
Indebtedness, together with a reasonably detailed description of the material terms and
conditions of such Indebtedness or drafts of the documentation relating thereto, stating
that the Company has determined in good faith that such terms and conditions satisfy the
foregoing requirement shall be conclusive evidence that such terms and conditions satisfy
the foregoing requirement unless the Administrative Agent notifies the Company within such
five Business Day period that it disagrees with such determination (including a reasonable
description of the basis upon which it disagrees); provided, further, that any such
Indebtedness shall constitute Permitted Holdings Debt only if (1) both before and after
giving effect to the issuance or incurrence thereof, no Default shall have occurred and be
continuing and (2) the Company and the Restricted Subsidiaries will be in Pro Forma
Compliance with the covenants set forth in Section 7.11 (it being understood that any
capitalized or paid-in-kind or accreted principal on such Indebtedness is not subject to
this proviso);

Indebtedness supported by a Letter of Credit, in a principal amount not to exceed the
face amount of such Letter of Credit;

Indebtedness in respect of the Receivables Facility;

the Broker-Dealer Facility, in an aggregate principal amount of Indebtedness not to
exceed $20,000,000 at any time outstanding;

Indebtedness in respect of the New Notes and any Permitted Refinancing thereof;

all premiums (if any), interest (including post-petition interest), fees, expenses,
charges and additional or contingent interest on obligations described in clauses (a)
through (v) above;

Permitted First Priority Refinancing Debt and Permitted Second Priority Refinancing
Debt and, to the extent the principal amount thereof does not exceed the principal amount of
Permitted First Priority Refinancing Debt or Permitted Second Priority Refinancing Debt
refinanced thereby, any Permitted Refinancing thereof; and

Permitted Unsecured Refinancing Debt and any Permitted Refinancing thereof.

SECTION 7.04. Fundamental Changes. Merge, dissolve, liquidate, consolidate with or
into another Person, or Dispose of (whether in one transaction or in a series of transactions) all
or substantially all of its assets (whether now owned or hereafter acquired) to or in favor of any
Person, except that:

(a) any Restricted Subsidiary may merge with (i) any Borrower (including a merger, the
purpose of which is to reorganize such Borrower into a new jurisdiction); provided
that (x) such Borrower shall be the continuing or surviving Person and (y) such merger does
not result in any Overseas Borrower ceasing to be a Qualifying Foreign Subsidiary or the Company
ceasing to be incorporated under the Laws of the United States, any state thereof or the District
of Columbia, or (ii) any one or more other Restricted Subsidiaries; provided that when any
Restricted Subsidiary that is a Loan Party is merging with another Restricted Subsidiary, a Loan
Party shall be the continuing or surviving Person;

 

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(b) (i) any Subsidiary that is not a Loan Party may merge or consolidate with or into any
other Subsidiary that is not a Loan Party and (ii) any Subsidiary (other than a Borrower) may
liquidate or dissolve or change its legal form if Holdings determines in good faith that such
action is in the best interests of Holdings and its Subsidiaries and if not materially
disadvantageous to the Lenders;

(c) any Restricted Subsidiary may Dispose of all or substantially all of its assets (upon
voluntary liquidation or otherwise) to the Company or to another Restricted Subsidiary; provided
that if the transferor in such a transaction is a Guarantor or a Borrower, then (i) the transferee
must either be a Borrower or a Guarantor or (ii) to the extent constituting an Investment, such
Investment must be a permitted Investment in or Indebtedness of a Restricted Subsidiary which is
not a Loan Party in accordance with Sections 7.02 and 7.03, respectively;

(d) so long as no Default exists or would result therefrom, the Company may merge with any
other Person; provided that (i) the Company shall be the continuing or surviving corporation or
(ii) if the Person formed by or surviving any such merger or consolidation is not the Company (any
such Person, the “Successor Company”), (A) the Successor Company shall be an entity organized or
existing under the laws of the United States, any state thereof, the District of Columbia or any
territory thereof, (B) the Successor Company shall expressly assume all the obligations of the
Company under this Agreement and the other Loan Documents to which the Company is a party pursuant
to a supplement hereto or thereto in form reasonably satisfactory to the Administrative Agent, (C)
each U.S. Guarantor, unless it is the other party to such merger or consolidation, shall have by a
supplement to the Guaranty confirmed that its Guarantee shall apply to the Successor Company’s
obligations under this Agreement, (D) each U.S. Guarantor, unless it is the other party to such
merger or consolidation, shall have by a supplement to the Security Agreement confirmed that its
obligations thereunder shall apply to the Successor Company’s obligations under this Agreement, (E)
each mortgagor of a Mortgaged Property, unless it is the other party to such merger or
consolidation, shall have by an amendment to or restatement of the applicable Mortgage confirmed
that its obligations thereunder shall apply to the Successor Company’s obligations under this
Agreement, and (F) the Company shall have delivered to the Administrative Agent an officer’s
certificate and an opinion of counsel, each stating that such merger or consolidation and such
supplement to this Agreement or any Collateral Document comply with this Agreement; provided,
further, that if the foregoing are satisfied, the Successor Company will succeed to, and be
substituted for, the Company under this Agreement;

(e) so long as no Default exists or would result therefrom, any Restricted Subsidiary may
merge with any other Person in order to effect an Investment permitted pursuant to Section 7.02;
provided that the continuing or surviving Person shall be a Restricted Subsidiary,
which together with each of its Restricted Subsidiaries, shall have complied with the
requirements of Section 6.11;

 

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(f) the Company and the Restricted Subsidiaries may consummate the Merger; and

(g) so long as no Default exists or would result therefrom, a merger, dissolution,
liquidation, consolidation or Disposition, the purpose of which is to effect a Disposition
permitted pursuant to Section 7.05.

SECTION 7.05. Dispositions. Make any Disposition or enter into any agreement to make
any Disposition, except:

(a) Dispositions of obsolete or worn out property, whether now owned or hereafter acquired,
in the ordinary course of business and Dispositions of property no longer used or useful in the
conduct of the business of the Company and the Restricted Subsidiaries;

(b) Dispositions of inventory and immaterial assets in the ordinary course of business;

(c) Dispositions of property to the extent that (i) such property is exchanged for credit
against the purchase price of similar replacement property or (ii) the proceeds of such Disposition
are promptly applied to the purchase price of such replacement property;

(d) Dispositions of property to the Company or to a Restricted Subsidiary; provided that if
the transferor of such property is a Guarantor or a Borrower (i) the transferee thereof must either
be a Borrower or a Guarantor or (ii) to the extent such transaction constitutes an Investment, such
transaction is permitted under Section 7.02;

(e) Dispositions permitted by Sections 7.04 and 7.06 and Liens permitted by Section 7.01;

(f) Dispositions of property (other than IP Collateral) pursuant to sale-leaseback
transactions; provided that (i) with respect to such property owned by the Company and its
Restricted Subsidiaries on the Closing Date, the fair market value of all property so Disposed of
after the Closing Date (taken together with the aggregate book value of all property Disposed of
pursuant to Section 7.05(k)) shall not exceed $2,930,000,000 and (ii) with respect to such property
acquired by the Company or any Restricted Subsidiary after the Closing Date, the applicable
sale-leaseback transaction occurs within two hundred and seventy (270) days after the acquisition
or construction (as applicable) of such property;

(g) Dispositions of Cash Equivalents;

(h) Dispositions of accounts receivable in connection with the collection or compromise
thereof or in connection with the Receivables Facility;

 

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(i) leases, subleases, licenses or sublicenses (including the provision of Software under an
open source license), in each case in the ordinary course of business and which do not materially
interfere with the business of Holdings, the Company and the Restricted Subsidiaries;

(j) transfers of property subject to Casualty Events upon receipt of the Net Cash Proceeds of
such Casualty Event;

(k) Dispositions of property not otherwise permitted under this Section 7.05; provided that
(i) at the time of such Disposition (other than any such Disposition made pursuant to a legally
binding commitment entered into at a time when no Default exists), no Default shall exist or would
result from such Disposition, (ii) the aggregate book value of all property Disposed of in reliance
on this clause (k) (taken together with the aggregate fair market value of all property Disposed of
pursuant to Section 7.05(f)) shall not exceed $2,930,000,000 and (iii) with respect to any
Disposition pursuant to this clause (k) for a purchase price in excess of $10,000,000, the Company
or a Restricted Subsidiary shall receive not less than 75% of such consideration in the form of
cash or Cash Equivalents (in each case, free and clear of all Liens at the time received, other
than nonconsensual Liens permitted by Section 7.01 and Liens permitted by Section 7.01(s) and
clauses (i) and (ii) of Section 7.01(u)); provided, however, that for the purposes of this clause
(iii), (A) any liabilities (as shown on the Company’s or such Restricted Subsidiary’s most recent
balance sheet provided hereunder or in the footnotes thereto) of the Company or such Restricted
Subsidiary, other than liabilities that are by their terms subordinated to the payment in cash of
the Obligations, that are assumed by the transferee with respect to the applicable Disposition and
for which the Company and all of the Restricted Subsidiaries shall have been validly released by
all applicable creditors in writing, (B) any securities received by the Company or such Restricted
Subsidiary from such transferee that are converted by the Company or such Restricted Subsidiary
into cash (to the extent of the cash received) within 180 days following the closing of the
applicable Disposition and (C) any Designated Non-Cash Consideration received by the Company or
such Restricted Subsidiary in respect of such Disposition having an aggregate fair market value,
taken together with all other Designated Non-Cash Consideration received pursuant to this clause
(C) that is at that time outstanding, not in excess of 1.5% of Total Assets (as such term is
defined in the New Notes Indenture as of the Closing Date) at the time of the receipt of such
Designated Non-cash Consideration, with the fair market value of each item of Designated Non-Cash
Consideration being measured at the time received and without giving effect to subsequent changes
in value, shall be deemed to be cash;

(l) Dispositions listed on Schedule 7.05(l); and

(m) Dispositions of Investments in joint ventures to the extent required by, or made pursuant
to customary buy/sell arrangements between, the joint venture parties set forth in joint venture
arrangements and similar binding arrangements.

provided that any Disposition of any property pursuant to this Section 7.05 (except pursuant to
Sections 7.05(e) and except for Dispositions from a Loan Party to another Loan Party), shall be for
no less than the fair market value of such property at the time of such Disposition. To the extent
any Collateral is Disposed of as expressly permitted by this Section 7.05 to any Person other than
Holdings, the Company or any Restricted Subsidiary, such Collateral shall be sold free and clear of
the Liens created by the Loan Documents, and the Administrative Agent or the
Collateral Agent, as applicable, shall be authorized to take any actions deemed appropriate in
order to effect the foregoing.

 

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SECTION 7.06. Restricted Payments. Declare or make, directly or indirectly, any
Restricted Payment, except:

(a) each Restricted Subsidiary may make Restricted Payments to the Company and to other
Restricted Subsidiaries (and, in the case of a Restricted Payment by a non-wholly owned Restricted
Subsidiary, to the Company and any other Restricted Subsidiary and to each other owner of Equity
Interests of such Restricted Subsidiary based on their relative ownership interests of the relevant
class of Equity Interests);

(b) Holdings, the Company and each Restricted Subsidiary may declare and make dividend
payments or other distributions payable solely in the Equity Interests (other than Disqualified
Equity Interests not otherwise permitted by Section 7.03) of such Person;

(c) so long as no Default shall have occurred and be continuing or would result therefrom,
from and after the date the Company delivers an irrevocable written notice to the Administrative
Agent stating that the Company will make Restricted Payments to Holdings that are used by Holdings
solely to fund cash interest payments required to be made by Holdings (the “Holdings Restricted
Payments Election”), the Company may make such Restricted Payments to Holdings;

(d) Restricted Payments made on the Closing Date to consummate the Transaction;

(e) to the extent constituting Restricted Payments, Holdings, the Company and the Restricted
Subsidiaries may enter into and consummate transactions expressly permitted by any provision of
Section 7.04 or 7.08 other than Section 7.08(f);

(f) repurchases of Equity Interests in Holdings, the Company or any Restricted Subsidiary
deemed to occur upon exercise of stock options or warrants if such Equity Interests represent a
portion of the exercise price of such options or warrants;

(g) Holdings (or the Company after a Qualifying IPO of the Company) may pay (or make
Restricted Payments to allow any direct or indirect parent thereof to pay) for the repurchase,
retirement or other acquisition or retirement for value of Equity Interests of Holdings (or of any
such parent of Holdings or of the Company after a Qualifying IPO of the Company) by any future,
present or former employee or director of Holdings (or any direct or indirect parent of Holdings)
or any of its Subsidiaries pursuant to any employee or director equity plan, employee or director
stock option plan or any other employee or director benefit plan or any agreement (including any
stock subscription or shareholder agreement) with any employee or director of Holdings or any of
its Subsidiaries;

 

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(h) the Company and its Restricted Subsidiaries may make Restricted Payments to Holdings:

(a) the proceeds of which will be used to pay (or to make Restricted Payments to allow
any direct or indirect parent of Holdings to pay) the tax liability to each relevant
jurisdiction in respect of consolidated, combined, unitary or affiliated returns for the
relevant jurisdiction of Holdings (or such parent) attributable to Holdings, the Company or
its Subsidiaries determined as if the Company and its Subsidiaries filed separately;

(b) the proceeds of which shall be used by Holdings to pay (or to make Restricted
Payments to allow any direct or indirect parent of Holdings to pay) its operating expenses
incurred in the ordinary course of business and other corporate overhead costs and expenses
(including administrative, legal, accounting and similar expenses provided by third
parties), which are reasonable and customary and incurred in the ordinary course of
business, in an aggregate amount not to exceed $3,000,000 in any fiscal year plus any
reasonable and customary indemnification claims made by directors or officers of Holdings
(or any parent thereof) attributable to the ownership or operations of the Company and its
Subsidiaries;

(c) the proceeds of which shall be used by Holdings to pay franchise taxes and other
fees, taxes and expenses required to maintain its (or any of its direct or indirect
parents’) corporate existence;

(d) the proceeds of which shall be used by Holdings to make Restricted Payments
permitted by Section 7.06(g);

(e) to finance any Investment permitted to be made pursuant to Section 7.02; provided
that (A) such Restricted Payment shall be made substantially concurrently with the closing
of such Investment and (B) Holdings shall, immediately following the closing thereof, cause
(1) all property acquired (whether assets or Equity Interests) to be contributed to the
Company or its Restricted Subsidiaries or (2) the merger (to the extent permitted in Section
7.04) of the Person formed or acquired into the Company or its Restricted Subsidiaries in
order to consummate such Permitted Acquisition, in each case, in accordance with the
requirements of Section 6.11; and

(f) the proceeds of which shall be used by Holdings to pay (or to make Restricted
Payments to allow any direct or indirect parent thereof to pay) fees and expenses (other
than to Affiliates) related to any unsuccessful equity or debt offering permitted by this
Agreement;

(i) in addition to the foregoing Restricted Payments and so long as no Default shall have
occurred and be continuing or would result therefrom, the Company may make additional Restricted
Payments to Holdings the proceeds of which may be utilized by Holdings to make additional
Restricted Payments, in an aggregate amount, together with the aggregate amount of (1) prepayments,
redemptions, purchases, defeasances and other payments in respect of Junior Financings made
pursuant to Section 7.13(a)(iv) and (2) loans and advances to Holdings made pursuant to Section
7.02(m) in lieu of Restricted Payments permitted by this clause (i), not to exceed the sum of (i)
$200,000,000, (ii) the aggregate amount of the Net Cash Proceeds of Permitted Equity Issuances
(other than

 

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Permitted Equity Issuances made pursuant to Section 8.05) that are Not Otherwise Applied and (iii) if the Total Leverage Ratio as of the last day
of the immediately preceding Test Period (after giving Pro Forma Effect to such additional
Restricted Payments) is 6.25:1 or less, the amount of Cumulative Excess Cash Flow that is Not
Otherwise Applied. For the purpose of this Agreement, “Cumulative Excess Cash Flow” means the sum
of Excess Cash Flow (but not less than zero in any period) for the fiscal year ending on December
31, 2006 and Excess Cash Flow for each succeeding and completed fiscal year; and

(j) Holdings or the Company may make Restricted Payments with the proceeds of the issuance of
Indebtedness of Holdings.

SECTION 7.07. Change in Nature of Business. Engage in any material line of business
substantially different from those lines of business conducted by the Company and the Restricted
Subsidiaries on the date hereof or any business reasonably related or ancillary thereto.

SECTION 7.08. Transactions with Affiliates. Enter into any transaction of any kind
with any Affiliate of the Company, whether or not in the ordinary course of business, other than
(a) transactions among Loan Parties or any Restricted Subsidiary or any entity that becomes a
Restricted Subsidiary as a result of such transaction, (b) on terms substantially as favorable to
Holdings, the Company or such Restricted Subsidiary as would be obtainable by Holdings, the Company
or such Restricted Subsidiary at the time in a comparable arm’s-length transaction with a Person
other than an Affiliate, (c) the payment of fees and expenses related to the Transaction, (d) the
issuance of Equity Interests to the management of the Company or any of its Subsidiaries in
connection with the Transaction, (e) the payment of management and monitoring fees to the Sponsors
in an aggregate amount in any fiscal year not to exceed the amount permitted to be paid pursuant to
the Sponsor Management Agreement as in effect on the date hereof and any Sponsor Termination Fees
not to exceed the amount set forth in the Sponsor Management Agreement as in effect on the date
hereof and related indemnities and reasonable expenses, (f) equity issuances, repurchases,
retirements or other acquisitions or retirements of Equity Interests by Holdings permitted under
Section 7.06, (g) loans and other transactions by Holdings, the Company and the Restricted
Subsidiaries to the extent permitted under this Article 7, (h) employment and severance
arrangements between Holdings, the Company and the Restricted Subsidiaries and their respective
officers and employees in the ordinary course of business, (i) payments by Holdings (and any direct
or indirect parent thereof), the Company and the Restricted Subsidiaries pursuant to the tax
sharing agreements among Holdings (and any such parent thereof), the Company and the Restricted
Subsidiaries on customary terms to the extent attributable to the ownership or operation of the
Company and the Restricted Subsidiaries, (j) the payment of customary fees and reasonable out of
pocket costs to, and indemnities provided on behalf of, directors, officers and employees of
Holdings, the Company and the Restricted Subsidiaries in the ordinary course of business to the
extent attributable to the ownership or operation of Holdings, the Company and the Restricted
Subsidiaries, (k) transactions pursuant to permitted agreements in existence on the Closing Date
and set forth on Schedule 7.08 or any amendment thereto to the extent such an amendment is not
adverse to the Lenders in any material respect, (l) dividends, redemptions and repurchases
permitted under Section 7.06, and (m) customary payments by Holdings, the Company and any
Restricted Subsidiaries to the Sponsors made for any financial advisory, financing, underwriting or
placement services or in respect of other investment banking activities (including in connection
with acquisitions or divestitures), which payments are approved by the majority of the members
of the board of directors or a majority of the disinterested members of the board of directors
of Holdings or the Company, in good faith.

 

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SECTION 7.09. Burdensome Agreements. Enter into or permit to exist any Contractual
Obligation (other than this Agreement or any other Loan Document) that limits the ability of (a)
any Restricted Subsidiary of the Company that is not a Guarantor to make Restricted Payments to the
Company or any Guarantor or (b) the Company or any Loan Party to create, incur, assume or suffer to
exist Liens on property of such Person for the benefit of the Lenders with respect to the
Facilities and the Obligations or under the Loan Documents; provided that the foregoing clauses (a)
and (b) shall not apply to Contractual Obligations which (i) (x) exist on the date hereof and (to
the extent not otherwise permitted by this Section 7.09) are listed on Schedule 7.09 hereto and (y)
to the extent Contractual Obligations permitted by clause (x) are set forth in an agreement
evidencing Indebtedness, are set forth in any agreement evidencing any permitted renewal, extension
or refinancing of such Indebtedness so long as such renewal, extension or refinancing does not
expand the scope of such Contractual Obligation, (ii) are binding on a Restricted Subsidiary at the
time such Restricted Subsidiary first becomes a Restricted Subsidiary of the Company, so long as
such Contractual Obligations were not entered into solely in contemplation of such Person becoming
a Restricted Subsidiary of the Company; provided further that this clause (ii) shall not apply to
Contractual Obligations that are binding on a Person that becomes a Restricted Subsidiary pursuant
to Section 6.15, (iii) represent Indebtedness of a Restricted Subsidiary of the Company which is
not a Loan Party which is permitted by Section 7.03, (iv) arise in connection with any Disposition
permitted by Section 7.05, (v) are customary provisions in joint venture agreements and other
similar agreements applicable to joint ventures permitted under Section 7.02 and applicable solely
to such joint venture entered into in the ordinary course of business, (vi) are negative pledges
and restrictions on Liens in favor of any holder of Indebtedness permitted under Section 7.03 but
solely to the extent any negative pledge relates to the property financed by or the subject of such
Indebtedness (and excluding in any event any Indebtedness constituting any Junior Financing), (vii)
are customary restrictions on leases, subleases, licenses or asset sale agreements otherwise
permitted hereby so long as such restrictions relate to the assets subject thereto, (viii) comprise
restrictions imposed by any agreement relating to secured Indebtedness permitted pursuant to
Section 7.03(e) or 7.03(g) to the extent that such restrictions apply only to the property or
assets securing such Indebtedness or, in the case of Indebtedness incurred pursuant to Section
7.03(g) only, to the Restricted Subsidiaries incurring or guaranteeing such Indebtedness, (ix) are
customary provisions restricting subletting or assignment of any lease governing a leasehold
interest of the Company or any Restricted Subsidiary, (x) are customary provisions restricting
assignment of any agreement entered into in the ordinary course of business, and (xi) are
restrictions on cash or other deposits imposed by customers under contracts entered into in the
ordinary course of business.

SECTION 7.10. Use of Proceeds. Use the proceeds of any Credit Extension, whether
directly or indirectly, (a) in a manner inconsistent with the uses set forth in the preliminary
statements to this Agreement, (b) in the case of any Class of Term Loans made pursuant to the First
Amendment on the First Amendment Effective Date, in a manner inconsistent with the uses set forth
in the Recitals to the First Amendment, (c) in the case of any Incremental Term Loans made pursuant
to the First Refinancing Amendment on the First Refinancing Amendment Effective Date, in a manner
inconsistent with the uses set forth in the
recitals in the First Refinancing Amendment or (d) in the case of the 2013 Revolving Credit
Commitments, for working capital and other general corporate purposes of the Company and its
Subsidiaries (including acquisitions and other Investments permitted hereunder).

 

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SECTION 7.11. Financial Covenants. (a) Total Leverage Ratio. Permit the Total
Leverage Ratio as of the last day of any Test Period (beginning with the Test Period ending on
March 31, 2006) to be greater than the ratio set forth below opposite the last day of such Test
Period:

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Fiscal Year	 	March 31	 	 	June 30	 	 	September 30	 	 	December 31	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	2006
	 	 	8.25:1	 	 	 	8.25:1	 	 	 	8.25:1	 	 	 	7.75:1	 
	2007
	 	 	7.75:1	 	 	 	7.75:1	 	 	 	7.75:1	 	 	 	7.25:1	 
	2008
	 	 	7.25:1	 	 	 	7.25:1	 	 	 	7.25:1	 	 	 	6.75:1	 
	2009
	 	 	6.75:1	 	 	 	6.75:1	 	 	 	6.75:1	 	 	 	6.25:1	 
	2010
	 	 	6.25:1	 	 	 	6.25:1	 	 	 	6.25:1	 	 	 	6.25:1	 
	2011
	 	 	6.25:1	 	 	 	6.25:1	 	 	 	6.25:1	 	 	 	5.75:1	 
	2012
	 	 	5.75:1	 	 	 	5.75:1	 	 	 	5.75:1	 	 	 	5.25:1	 
	2013
	 	 	5.25:1	 	 	 	5.25:1	 	 	 	5.25:1	 	 	 	4.75:1	 
	2014
	 	 	4.75:1	 	 	 	4.75:1	 	 	 	4.75:1	 	 	 	4.75:1	 
	2015
	 	 	4.75:1	 	 	 	4.75:1	 	 	 	4.75:1	 	 	 	4.75:1	 
	2016
	 	 	4.75:1	 	 	 	4.75:1	 	 	 	—	 	 	 	—	 

(b) Interest Coverage Ratio. Permit the Interest Coverage Ratio for any Test Period
(beginning with the Test Period ending on December 31, 2005) to be less than the ratio set forth
below opposite the last day of such Test Period:

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Fiscal Year	 	March 31	 	 	June 30	 	 	September 30	 	 	December 31	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	2005
	 	 	—	 	 	 	—	 	 	 	—	 	 	 	1.40:1	 
	2006
	 	 	1.40:1	 	 	 	1.40:1	 	 	 	1.40:1	 	 	 	1.50:1	 
	2007
	 	 	1.50:1	 	 	 	1.50:1	 	 	 	1.50:1	 	 	 	1.60:1	 
	2008
	 	 	1.60:1	 	 	 	1.60:1	 	 	 	1.60:1	 	 	 	1.65:1	 
	2009
	 	 	1.65:1	 	 	 	1.65:1	 	 	 	1.65:1	 	 	 	1.70:1	 
	2010
	 	 	1.70:1	 	 	 	1.70:1	 	 	 	1.70:1	 	 	 	1.80:1	 
	2011
	 	 	1.80:1	 	 	 	1.80:1	 	 	 	1.80:1	 	 	 	1.95:1	 
	2012
	 	 	1.95:1	 	 	 	1.95:1	 	 	 	1.95:1	 	 	 	2.10:1	 
	2013
	 	 	2.10:1	 	 	 	2.10:1	 	 	 	2.10:1	 	 	 	2.20:1	 
	2014
	 	 	2.20:1	 	 	 	2.20:1	 	 	 	2.20:1	 	 	 	2.20:1	 
	2015
	 	 	2.20:1	 	 	 	2.20:1	 	 	 	2.20:1	 	 	 	2.20:1	 
	2016
	 	 	2.20:1	 	 	 	2.20:1	 	 	 	—	 	 	 	—	 

SECTION 7.12. Accounting Changes. Make any change in fiscal year; provided, however,
that the Company may, upon written notice to the Administrative Agent, change its fiscal year to
any other fiscal year reasonably acceptable to the Administrative Agent, in which case, the Company
and the Administrative Agent will, and are hereby authorized by the Lenders
to, make any adjustments to this Agreement that are necessary to reflect such change in fiscal
year.

 

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SECTION 7.13. Prepayments, Etc. of Indebtedness. (a) Prepay, redeem, purchase,
defease or otherwise satisfy prior to the scheduled maturity thereof in any manner (it being
understood that payments of regularly scheduled interest shall be permitted) the Senior
Subordinated Notes, any subordinated Indebtedness incurred under Section 7.03(h) or any other
Indebtedness that is required to be subordinated to the Obligations pursuant to the terms of the
Loan Documents (collectively, “Junior Financing”) or make any payment in violation of any
subordination terms of any Junior Financing Documentation, except (i) the refinancing thereof with
the Net Cash Proceeds of any Indebtedness (to the extent such Indebtedness constitutes a Permitted
Refinancing and, if applicable, is permitted pursuant to Section 7.03(h)), to the extent not
required to prepay any Loans or Facility pursuant to Section 2.05(b), or of any Indebtedness of
Holdings, (ii) the conversion of any Junior Financing to Equity Interests (other than Disqualified
Equity Interests) of Holdings or any of its direct or indirect parents, (iii) the prepayment of
Indebtedness of the Company or any Restricted Subsidiary to the Company or any Restricted
Subsidiary to the extent permitted by the Collateral Documents and (iv) prepayments, redemptions,
purchases, defeasances and other payments in respect of Junior Financings prior to their scheduled
maturity in an aggregate amount, together with the aggregate amount of (1) Restricted Payments made
pursuant to Section 7.06(i) and (2) loans and advances to Holdings made pursuant to Section
7.02(m), not to exceed the sum of (i) $200,000,000, (ii) the amount of the Net Cash Proceeds of
Permitted Equity Issuances (other than Permitted Equity Issuances made pursuant to Section 8.05)
made within eighteen (18) months prior thereto that are Not Otherwise Applied and (iii) if, as of
the last day of the immediately preceding Test Period (after giving Pro Forma Effect to such
prepayments, redemptions, purchases, defeasances and other payments) the Total Leverage Ratio is
6.25:1 or less, the amount of Cumulative Excess Cash Flow that is Not Otherwise Applied.

(b) Amend, modify or change in any manner materially adverse to the interests of the Lenders
any term or condition of any Junior Financing Documentation without the consent of the Arrangers.

SECTION 7.14. Equity Interests of the Company and Restricted Subsidiaries. Permit
any Domestic Subsidiary that is a Restricted Subsidiary to be a non-wholly owned Subsidiary, except
(i) as a result of or in connection with a dissolution, merger, consolidation or Disposition of a
Restricted Subsidiary permitted by Section 7.04, 7.05 or an Investment in any Person permitted
under Section 7.02 or (ii) so long as such Restricted Subsidiary continues to be a Guarantor;

SECTION 7.15. Holding Company. In the case of Holdings, conduct, transact or
otherwise engage in any business or operations other than those incidental to (i) its ownership of
the Equity Interests of the Company, (ii) the maintenance of its legal existence, (iii) the
performance of the Loan Documents, the Merger Agreement and the other agreements contemplated by
the Merger Agreement, (iv) any public offering of its common stock or any other issuance of its
Equity Interests not prohibited by Article 7, and (v) any transaction that Holdings is permitted to
enter into or consummate under this Article 7.

 

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SECTION 7.16. Capital Expenditures.

(a) Make any Capital Expenditure except for Capital Expenditures not exceeding, in the
aggregate for the Company and the Restricted Subsidiaries during each fiscal year set forth below,
the amount set forth opposite such fiscal year:

	 	 	 	 	 
	Fiscal Year	 	Amount	 
	 
	 	 	 	 
	2005
	 	$	380,000,000.00	 
	2006
	 	$	375,000,000.00	 
	2007
	 	$	375,000,000.00	 
	2008
	 	$	375,000,000.00	 
	2009
	 	$	400,000,000.00	 
	2010
	 	$	400,000.000.00	 
	2011
	 	$	425,000,000.00	 
	2012
	 	$	450,000,000.00	 
	2013
	 	$	450,000,000.00	 
	2014
	 	$	475,000,000.00	 
	2015
	 	$	475,000,000.00	 

; provided that the amount of Capital Expenditures permitted to be made in respect of any fiscal
year shall be increased after the consummation of any Permitted Acquisition in an amount equal to
10% of the pro forma aggregate consolidated revenues of the Acquired Entity or Business so acquired
during the fiscal year of such Acquired Entity or Business beginning after such Permitted
Acquisition (such amount, the “Acquired Annual Capital Expenditure Amount”).

(b) Notwithstanding anything to the contrary contained in clause (a) above, to the extent
that the aggregate amount of Capital Expenditures made by the Company and the Restricted
Subsidiaries in any fiscal year pursuant to Section 7.16(a) is less than the maximum amount of
Capital Expenditures permitted by Section 7.16(a) with respect to such fiscal year, the amount of
such difference (the “Rollover Amount”) may be carried forward and used to make Capital
Expenditures in the two succeeding fiscal years; provided that Capital Expenditures in any fiscal
year shall be counted against the base amount set forth in Section 7.16(a) with respect to such
fiscal year prior to being counted against any Rollover Amount available with respect to such
fiscal year.

ARTICLE VIII.

Events Of Default and Remedies

SECTION 8.01. Events of Default. Any of the following shall constitute an Event of
Default:

(a) Non-Payment. Any Borrower or any other Loan Party fails to pay (i) when and as required
to be paid herein, any amount of principal of any Loan, or (ii) within five (5) Business Days after
the same becomes due, any interest on any Loan or any other amount payable hereunder or with
respect to any other Loan Document, or (iii) when and as required to be paid
herein, any amount required to be prepaid and/or Cash Collateralized pursuant to the second
sentence of Section 2.05(b)(v); or

 

133

 

(b) Specific Covenants. The Company fails to perform or observe any term, covenant or
agreement contained in any of Sections 6.03(a) or 6.05(a) (solely with respect to Holdings and the
Company) or Article 7; provided that any Event of Default under Section 7.11 is subject to cure as
contemplated by Section 8.05; or

(c) Other Defaults. Any Loan Party fails to perform or observe any other covenant or
agreement (not specified in Section 8.01(a) or (b) above) contained in any Loan Document on its
part to be performed or observed and such failure continues for thirty (30) days after notice
thereof by the Administrative Agent to the Company; or

(d) Representations and Warranties. Any representation, warranty, certification or statement
of fact made or deemed made by or on behalf of the Company or any other Loan Party herein, in any
other Loan Document, or in any document required to be delivered in connection herewith or
therewith shall be incorrect or misleading in any material respect when made or deemed made; or

(e) Cross-Default. Any Loan Party or any Restricted Subsidiary (A) fails to make any payment
beyond the applicable grace period with respect thereto, if any (whether by scheduled maturity,
required prepayment, acceleration, demand, or otherwise) in respect of any Indebtedness (other than
Indebtedness hereunder) having an aggregate principal amount of not less than the Threshold Amount,
or (B) fails to observe or perform any other agreement or condition relating to any such
Indebtedness, or any other event occurs (other than, with respect to Indebtedness consisting of
Swap Agreements, termination events or equivalent events pursuant to the terms of such Swap
Agreements), the effect of which default or other event is to cause, or to permit the holder or
holders of such Indebtedness (or a trustee or agent on behalf of such holder or holders or
beneficiary or beneficiaries) to cause, with the giving of notice if required, such Indebtedness to
become due or to be repurchased, prepaid, defeased or redeemed (automatically or otherwise), or an
offer to repurchase, prepay, defease or redeem such Indebtedness to be made, prior to its stated
maturity; provided that this clause (e)(B) shall not apply to secured Indebtedness that becomes due
as a result of the voluntary sale or transfer of the property or assets securing such Indebtedness,
if such sale or transfer is permitted hereunder and under the documents providing for such
Indebtedness; or

(f) Insolvency Proceedings, Etc. Any Loan Party or any of the Restricted Subsidiaries
institutes or consents to the institution of any proceeding under any Debtor Relief Law, or makes
an assignment for the benefit of creditors; or applies for or consents to the appointment of any
receiver, trustee, custodian, conservator, liquidator, rehabilitator, administrator, administrative
receiver or similar officer for it or for all or any material part of its property; or any
receiver, trustee, custodian, conservator, liquidator, rehabilitator, administrator, administrative
receiver or similar officer is appointed without the application or consent of such Person and
(except in the case of a U.K. Loan Party) the appointment continues undischarged or unstayed for
sixty (60) calendar days; or any proceeding under any Debtor Relief Law relating to any such Person
or to all or any material part of its property is instituted without the consent of such Person and
(x) except in the case of a U.K. Loan Party, continues undismissed or unstayed
for sixty (60) calendar days, or an order for relief is entered in any such proceeding and (y)
in the case of a winding up petition relating to a U.K. Loan Party, continues undismissed or
unstayed for fourteen (14) calendar days from the commencement; or

 

134

 

(g) Inability to Pay Debts; Attachment. (i) Any Loan Party or any Restricted Subsidiary
becomes unable or admits in writing its inability or fails generally to pay its debts in excess of
the Threshold Amount as they become due, or (ii) any writ or warrant of attachment or execution or
similar process is issued or levied against all or any material part of the property of the Loan
Parties, taken as a whole, and is not released, vacated or fully bonded within sixty (60) days
after its issue or levy; or

(h) Judgments. There is entered against any Loan Party or any Restricted Subsidiary a final
judgment or order for the payment of money in an aggregate amount exceeding the Threshold Amount
(to the extent not covered by independent third-party insurance as to which the insurer has been
notified of such judgment or order and has not denied coverage) and such judgment or order shall
not have been satisfied, vacated, discharged or stayed or bonded pending an appeal for a period of
sixty (60) consecutive days; or

(i) ERISA. (i) An ERISA Event occurs with respect to a Pension Plan or Multiemployer Plan
which has resulted or could reasonably be expected to result in liability of any Loan Party under
Title IV of ERISA in an aggregate amount which could reasonably be expected to result in a Material
Adverse Effect, or (ii) any Loan Party or any ERISA Affiliate fails to pay when due, after the
expiration of any applicable grace period, any installment payment with respect to its withdrawal
liability under Section 4201 of ERISA under a Multiemployer Plan in an aggregate amount which could
reasonably be expected to result in a Material Adverse Effect; or

(j) Invalidity of Loan Documents. Any material provision of any Loan Document, at any time
after its execution and delivery and for any reason other than as expressly permitted hereunder or
thereunder (including as a result of a transaction permitted under Section 7.04 or 7.05) or as a
result of acts or omissions by the Administrative Agent or any Lender or the satisfaction in full
of all the Obligations, ceases to be in full force and effect; or any Loan Party contests in
writing the validity or enforceability of any provision of any Loan Document; or any Loan Party
denies in writing that it has any or further liability or obligation under any Loan Document (other
than as a result of repayment in full of the Obligations and termination of the Aggregate
Commitments), or purports in writing to revoke or rescind any Loan Document; or

(k) Change of Control. There occurs any Change of Control; or

 

135

 

(l) Collateral Documents. (i) Any Collateral Document after delivery thereof pursuant to
Section 4.01 or 6.11 shall for any reason (other than pursuant to the terms thereof including as a
result of a transaction permitted under Section 7.04 or 7.05) cease to create a valid and perfected
lien, with the priority required by the Collateral Documents, (or other security purported to be
created on the applicable Collateral) on and security interest in any material portion of the
Collateral purported to be covered thereby, subject to Liens permitted under Section 7.01, except
to the extent that any such loss of perfection or priority results from the failure of the
Administrative Agent or the Collateral Agent to maintain possession of certificates
actually delivered to it representing securities pledged under the Collateral Documents or to
file Uniform Commercial Code continuation statements and except as to Collateral consisting of real
property to the extent that such losses are covered by a lender’s title insurance policy and such
insurer has not denied coverage, or (ii) any of the Equity Interests of the Company ceasing to be
pledged pursuant to the Security Agreement free of Liens other than Liens created by the Security
Agreement or any nonconsensual Liens arising solely by operation of Law; or

(m) Junior Financing Documentation. (i) Any of the Obligations of the Loan Parties under the
Loan Documents for any reason shall cease to be “Senior Indebtedness” (or any comparable term) or
“Senior Secured Financing” (or any comparable term) under, and as defined in any Junior Financing
Documentation or (ii) the subordination provisions set forth in any Junior Financing Documentation
shall, in whole or in part, cease to be effective or cease to be legally valid, binding and
enforceable against the holders of any Junior Financing, if applicable.

SECTION 8.02. Remedies Upon Event of Default. If any Event of Default occurs and is
continuing, the Administrative Agent may and, at the request of the Required Lenders, shall take
any or all of the following actions:

(a) declare the commitment of each Lender to make Loans and any obligation of the L/C Issuers
to make L/C Credit Extensions to be terminated, whereupon such commitments and obligation shall be
terminated;

(b) declare the unpaid principal amount of all outstanding Loans, all interest accrued and
unpaid thereon, and all other amounts owing or payable hereunder or under any other Loan Document
to be immediately due and payable, without presentment, demand, protest or other notice of any
kind, all of which are hereby expressly waived by the Borrowers;

(c) require that the Company Cash Collateralize the L/C Obligations (in an amount equal to
the then Outstanding Amount thereof); and

(d) exercise on behalf of itself and the Lenders all rights and remedies available to it and
the Lenders under the Loan Documents or applicable Law;

provided that upon the occurrence of an actual or deemed entry of an order for relief with respect
to the Company under the Bankruptcy Code of the United States, the obligation of each Lender to
make Loans and any obligation of the L/C Issuers to make L/C Credit Extensions shall automatically
terminate, the unpaid principal amount of all outstanding Loans and all interest and other amounts
as aforesaid shall automatically become due and payable, and the obligation of the Company to Cash
Collateralize the L/C Obligations as aforesaid shall automatically become effective, in each case
without further act of the Administrative Agent or any Lender.

SECTION 8.03. Exclusion of Immaterial Subsidiaries. Solely for the purpose of
determining whether a Default has occurred under clause (f) or (g) of Section 8.01, any reference
in any such clause to any Restricted Subsidiary or Loan Party shall be deemed not to include any
Restricted Subsidiary affected by any event or circumstances referred to in any such clause that
did not, as of the last day of the most recent completed fiscal quarter of the Company, have assets
with a value in excess of 5% of the consolidated total assets of the Company and the Restricted
Subsidiaries and did not, as of the four quarter period ending on the last day of such
fiscal quarter, have revenues exceeding 5% of the total revenues of the Company and the
Restricted Subsidiaries (it being agreed that all Restricted Subsidiaries affected by any event or
circumstance referred to in any such clause shall be considered together, as a single consolidated
Restricted Subsidiary, for purposes of determining whether the condition specified above is
satisfied).

 

136

 

SECTION 8.04. Application of Funds. After the exercise of remedies provided for in
Section 8.02 (or after the Loans have automatically become immediately due and payable and the L/C
Obligations have automatically been required to be Cash Collateralized as set forth in the proviso
to Section 8.02), any amounts received on account of the Obligations shall be applied by the
Administrative Agent in the following order:

First, to payment of that portion of the Obligations constituting fees, indemnities,
expenses and other amounts (other than principal and interest, but including Attorney Costs
payable under Section 10.04 and amounts payable under Article 3) payable to the
Administrative Agent in its capacity as such;

Second, to payment of that portion of the Obligations constituting fees, indemnities
and other amounts (other than principal and interest) payable to the Lenders (including
Attorney Costs payable under Section 10.05 and amounts payable under Article 3), ratably
among them in proportion to the amounts described in this clause Second payable to them;

Third, to payment of that portion of the Obligations constituting accrued and unpaid
interest on the Loans and L/C Borrowings, ratably among the Lenders in proportion to the
respective amounts described in this clause Third payable to them;

Fourth, to payment of that portion of the Obligations constituting unpaid principal of
the Loans and L/C Borrowings, the termination value under Secured Hedge Obligations and the
Cash Management Obligations, ratably among the Lenders in proportion to the respective
amounts described in this clause Fourth held by them;

Fifth, to the Administrative Agent for the account of the L/C Issuers, to Cash
Collateralize that portion of L/C Obligations comprised of the aggregate undrawn amount of
Letters of Credit;

Sixth, to the payment of all other Obligations of the Loan Parties that are due and
payable to the Administrative Agent and the other Secured Parties on such date, ratably
based upon the respective aggregate amounts of all such Obligations owing to the
Administrative Agent and the other Secured Parties on such date; and

Last, the balance, if any, after all of the Obligations have been indefeasibly paid in
full, to the Company or as otherwise required by Law.

 

137

 

Subject to Section 2.03(c), amounts used to Cash Collateralize the aggregate undrawn amount of
Letters of Credit pursuant to clause Fifth above shall be applied to satisfy drawings under such
Letters of Credit as they occur. If any amount remains on deposit as Cash Collateral after all
Letters of Credit have either been fully drawn or expired, such remaining amount shall be
applied to the other Obligations, if any, in the order set forth above and, if no Obligations
remain outstanding, to the Company.

Notwithstanding anything to the contrary in this Agreement, amounts received from any Foreign
Subsidiary on account of the Obligations of any Foreign Subsidiary shall be applied solely to the
payment of Obligations of Foreign Subsidiaries.

SECTION 8.05. Company’s Right to Cure. (a) Notwithstanding anything to the contrary
contained in Section 8.01, in the event of any Event of Default under any covenant set forth in
Section 7.11 and until the expiration of the tenth (10th) day after the date on which financial
statements are required to be delivered with respect to the applicable fiscal quarter hereunder,
Holdings or the Company may engage in a Permitted Equity Issuance to any of the Equity Investors
and apply the amount of the Net Cash Proceeds thereof to increase Consolidated EBITDA with respect
to such applicable quarter; provided that such Net Cash Proceeds (i) are actually received by the
Company (including through capital contribution of such Net Cash Proceeds by Holdings to the
Company) no later than ten (10) days after the date on which financial statements are required to
be delivered with respect to such fiscal quarter hereunder, (ii) are Not Otherwise Applied and
(iii) do not exceed the aggregate amount necessary to cure such Event of Default under Section 7.11
for any applicable period. The parties hereby acknowledge that this Section 8.05(a) may not be
relied on for purposes of calculating any financial ratios other than as applicable to Section 7.11
and shall not result in any adjustment to any amounts other than the amount of the Consolidated
EBITDA referred to in the immediately preceding sentence.

(b) In each period of four fiscal quarters, there shall be at least two (2) consecutive
fiscal quarters in which no cure set forth in Section 8.05(a) is made.

SECTION 8.06. CAM Exchange. On the CAM Exchange Date, (i) the Commitments shall
automatically and without further act be terminated in accordance with Section 8.02, (ii) the
Lenders shall automatically and without further act be deemed to have exchanged interests in the
Designated Obligations such that, in lieu of the interests of each Lender in the Designated
Obligations under each Tranche in which it shall participate as of such date, such Lender shall own
an interest equal to such Lender’s CAM Percentage in the Designated Obligations under each of the
Tranches and (iii) simultaneously with the deemed exchange of interests pursuant to clause (ii)
above, the interests in the Designated Obligations to be received in such deemed exchange shall,
automatically and with no further action required, be converted into the Dollar Amount, determined
using the Exchange Rate calculated as of such date, of such amount and on and after such date all
amounts accruing and owed to the Lenders in respect of such Designated Obligations shall accrue and
be payable in U.S. Dollars at the rate otherwise applicable hereunder. Each Lender, each person
acquiring a participation from any Lender as contemplated by Section 10.07 and each Borrower hereby
consents and agrees to the CAM Exchange. Each of the Borrowers and the Lenders agrees from time to
time to execute and deliver to the Administrative Agent all such promissory notes and other
instruments and documents as the Administrative Agent shall reasonably request to evidence and
confirm the respective interests and obligations of the Lenders after giving effect to the CAM
Exchange, and each Lender agrees to surrender any promissory notes originally received by it in
connection with its Loans hereunder to the Administrative Agent against delivery of any promissory
notes so
executed and delivered; provided that the failure of any Borrower to execute or deliver or of
any Lender to accept any such promissory note, instrument or document shall not affect the validity
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As a result of the CAM Exchange, on and after the CAM Exchange Date, (i) each payment received
by the Administrative Agent pursuant to any Loan Document in respect of the Designated Obligations
shall be distributed to the Lenders pro rata in accordance with their respective CAM Percentages
(to be redetermined as of each such date of payment or distribution to the extent required by the
next paragraph below) and (ii) Section 10.15 shall not apply with respect to any taxes required to
be withheld or deducted by the Company from or in respect of payments hereunder to any Lender or
the Administrative Agent that exceed the taxes the Company would have been required to withhold or
deduct from or in respect of payments to such Lender or the Administrative Agent had such CAM
Exchange not occurred.

In the event that, on or after the CAM Exchange Date, the aggregate amount of the Designated
Obligations shall change as a result of the making of a disbursement under a Letter of Credit by an
L/C Issuer that is not reimbursed by the Company, then (i) each Revolving Lender shall, in
accordance with Section 2.03(c), promptly make its L/C Advance in respect of such Unreimbursed
Amount (without giving effect to the CAM Exchange), (ii) the Administrative Agent shall redetermine
the CAM Percentages after giving effect to such disbursement and the making of such L/C Advances
and the Lenders shall automatically and without further act be deemed to have exchanged interests
in the Designated Obligations such that each Lender shall own an interest equal to such Lender’s
CAM Percentage in the Designated Obligations under each of the Tranches (and the interests in the
Designated Obligations to be received in such deemed exchange shall, automatically and with no
further action required, be converted into the Dollar Amount of such amount in accordance with the
first sentence of this Section 8.06), and (iii) in the event distributions shall have been made in
accordance with clause (i) of the preceding paragraph, the Lenders shall make such payments to one
another as shall be necessary in order that the amounts received by them shall be equal to the
amounts they would have received had each such disbursement and L/C Advance been outstanding on the
CAM Exchange Date. Each such redetermination shall be binding on each of the Lenders and their
successors and assigns and shall be conclusive, absent manifest error.

ARTICLE IX.

Administrative Agent and Other Agents

SECTION 9.01. Appointment and Authorization of Agents. (a) Each Lender hereby
irrevocably appoints, designates and authorizes the Administrative Agent to take such action on its
behalf under the provisions of this Agreement and each other Loan Document and to exercise such
powers and perform such duties as are expressly delegated to it by the terms of this Agreement or
any other Loan Document, together with such powers as are reasonably incidental thereto.
Notwithstanding any provision to the contrary contained elsewhere herein or in any other Loan
Document, the Administrative Agent shall have no duties or responsibilities, except those expressly
set forth herein, nor shall the Administrative Agent have or be deemed to have any fiduciary
relationship with any Lender or participant, and no implied covenants, functions, responsibilities,
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Agreement or any other Loan Document or otherwise exist against the Administrative Agent. Without limiting
the generality of the foregoing sentence, the use of the term “agent” herein and in the other Loan
Documents with reference to any Agent is not intended to connote any fiduciary or other implied (or
express) obligations arising under agency doctrine of any applicable Law. Instead, such term is
used merely as a matter of market custom, and is intended to create or reflect only an
administrative relationship between independent contracting parties.

(b) Each L/C Issuer shall act on behalf of the Lenders with respect to any Letters of Credit
issued by it and the documents associated therewith, and each such L/C Issuer shall have all of the
benefits and immunities (i) provided to the Agents in this Article 9 with respect to any acts taken
or omissions suffered by such L/C Issuer in connection with Letters of Credit issued by it or
proposed to be issued by it and the applications and agreements for letters of credit pertaining to
such Letters of Credit as fully as if the term “Agent” as used in this Article 9 and in the
definition of “Agent-Related Person” included such L/C Issuer with respect to such acts or
omissions, and (ii) as additionally provided herein with respect to such L/C Issuer.

(c) The Administrative Agent shall also act as the “collateral agent” under the Loan
Documents, and each of the Lenders (in its capacities as a Lender, Swing Line Lender (if
applicable), L/C Issuer (if applicable) and a potential Hedge Bank) hereby irrevocably appoints and
authorizes the Administrative Agent to act as the agent of (and to hold any security interest
created by the Collateral Documents for and on behalf of or on trust for) such Lender for purposes
of acquiring, holding and enforcing any and all Liens on Collateral granted by any of the Loan
Parties to secure any of the Secured Obligations, together with such powers and discretion as are
reasonably incidental thereto. In this connection, the Administrative Agent, as “collateral agent”
(and any co-agents, sub-agents and attorneys-in-fact appointed by the Administrative Agent pursuant
to Section 9.02 for purposes of holding or enforcing any Lien on the Collateral (or any portion
thereof) granted under the Collateral Documents, or for exercising any rights and remedies
thereunder at the direction of the Administrative Agent), shall be entitled to the benefits of all
provisions of this Article 9 (including, Section 9.07, as though such co-agents, sub-agents and
attorneys-in-fact were the “collateral agent” under the Loan Documents) as if set forth in full
herein with respect thereto.

SECTION 9.02. Delegation of Duties. The Administrative Agent may execute any of its
duties under this Agreement or any other Loan Document (including for purposes of holding or
enforcing any Lien on the Collateral (or any portion thereof) granted under the Collateral
Documents or of exercising any rights and remedies thereunder) by or through agents, employees or
attorneys-in-fact including for the purpose of any Borrowings or payments in Alternative
Currencies, such sub-agents as shall be deemed necessary by the Administrative Agent and shall be
entitled to advice of counsel and other consultants or experts concerning all matters pertaining to
such duties. The Administrative Agent shall not be responsible for the negligence or misconduct of
any agent or sub-agent or attorney-in-fact that it selects in the absence of gross negligence or
willful misconduct (as determined in the final judgment of a court of competent jurisdiction).

 

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SECTION 9.03. Liability of Agents. No Agent-Related Person shall (a) be liable for
any action taken or omitted to be taken by any of them under or in connection with this Agreement
or any other Loan Document or the transactions contemplated hereby (except for its
own gross negligence or willful misconduct, as determined by the final judgment of a court of
competent jurisdiction, in connection with its duties expressly set forth herein), or (b) be
responsible in any manner to any Lender or participant for any recital, statement, representation
or warranty made by any Loan Party or any officer thereof, contained herein or in any other Loan
Document, or in any certificate, report, statement or other document referred to or provided for
in, or received by the Administrative Agent under or in connection with, this Agreement or any
other Loan Document, or the validity, effectiveness, genuineness, enforceability or sufficiency of
this Agreement or any other Loan Document, or the perfection or priority of any Lien or security
interest created or purported to be created under the Collateral Documents, or for any failure of
any Loan Party or any other party to any Loan Document to perform its obligations hereunder or
thereunder. No Agent-Related Person shall be under any obligation to any Lender or participant to
ascertain or to inquire as to the observance or performance of any of the agreements contained in,
or conditions of, this Agreement or any other Loan Document, or to inspect the properties, books or
records of any Loan Party or any Affiliate thereof.

SECTION 9.04. Reliance by Agents. (a) Each Agent shall be entitled to rely, and
shall be fully protected in relying, upon any writing, communication, signature, resolution,
representation, notice, consent, certificate, affidavit, letter, telegram, facsimile, telex or
telephone message, electronic mail message, statement or other document or conversation believed by
it to be genuine and correct and to have been signed, sent or made by the proper Person or Persons,
and upon advice and statements of legal counsel (including counsel to any Loan Party), independent
accountants and other experts selected by such Agent. Each Agent shall be fully justified in
failing or refusing to take any action under any Loan Document unless it shall first receive such
advice or concurrence of the Required Lenders as it deems appropriate and, if it so requests, it
shall first be indemnified to its satisfaction by the Lenders against any and all liability and
expense which may be incurred by it by reason of taking or continuing to take any such action.
Each Agent shall in all cases be fully protected in acting, or in refraining from acting, under
this Agreement or any other Loan Document in accordance with a request or consent of the Required
Lenders (or such greater number of Lenders as may be expressly required hereby in any instance) and
such request and any action taken or failure to act pursuant thereto shall be binding upon all the
Lenders.

(b) For purposes of determining compliance with the conditions specified in Section 4.01,
each Lender that has signed this Agreement shall be deemed to have consented to, approved or
accepted or to be satisfied with, each document or other matter required thereunder to be consented
to or approved by or acceptable or satisfactory to a Lender unless the Administrative Agent shall
have received notice from such Lender prior to the proposed Closing Date specifying its objection
thereto.

SECTION 9.05. Notice of Default. The Administrative Agent shall not be deemed to
have knowledge or notice of the occurrence of any Default, except with respect to defaults in the
payment of principal, interest and fees required to be paid to the Administrative Agent for the
account of the Lenders, unless the Administrative Agent shall have received written notice from a
Lender or the Company referring to this Agreement, describing such Default and stating that such
notice is a “notice of default.” The Administrative Agent will notify the Lenders of its receipt
of any such notice. The Administrative Agent shall take such action with respect to any Event of
Default as may be directed by the Required Lenders in
accordance with Article 8; provided that unless and until the Administrative Agent has
received any such direction, the Administrative Agent may (but shall not be obligated to) take such
action, or refrain from taking such action, with respect to such Event of Default as it shall deem
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SECTION 9.06. Credit Decision; Disclosure of Information by Agents. Each Lender
acknowledges that no Agent-Related Person has made any representation or warranty to it, and that
no act by any Agent hereafter taken, including any consent to and acceptance of any assignment or
review of the affairs of any Loan Party or any Affiliate thereof, shall be deemed to constitute any
representation or warranty by any Agent-Related Person to any Lender as to any matter, including
whether Agent-Related Persons have disclosed material information in their possession. Each Lender
represents to each Agent that it has, independently and without reliance upon any Agent-Related
Person and based on such documents and information as it has deemed appropriate, made its own
appraisal of and investigation into the business, prospects, operations, property, financial and
other condition and creditworthiness of the Loan Parties and their respective Subsidiaries, and all
applicable bank or other regulatory Laws relating to the transactions contemplated hereby, and made
its own decision to enter into this Agreement and to extend credit to the Company and the other
Loan Parties hereunder. Each Lender also represents that it will, independently and without
reliance upon any Agent-Related Person and based on such documents and information as it shall deem
appropriate at the time, continue to make its own credit analysis, appraisals and decisions in
taking or not taking action under this Agreement and the other Loan Documents, and to make such
investigations as it deems necessary to inform itself as to the business, prospects, operations,
property, financial and other condition and creditworthiness of the Company and the other Loan
Parties. Except for notices, reports and other documents expressly required to be furnished to the
Lenders by any Agent herein, such Agent shall not have any duty or responsibility to provide any
Lender with any credit or other information concerning the business, prospects, operations,
property, financial and other condition or creditworthiness of any of the Loan Parties or any of
their respective Affiliates which may come into the possession of any Agent-Related Person.

SECTION 9.07. Indemnification of Agents. Whether or not the transactions
contemplated hereby are consummated, the Lenders shall indemnify upon demand each Agent-Related
Person (to the extent not reimbursed by or on behalf of any Loan Party and without limiting the
obligation of any Loan Party to do so), pro rata, and hold harmless each Agent-Related Person from
and against any and all Indemnified Liabilities incurred by it; provided that no Lender shall be
liable for the payment to any Agent-Related Person of any portion of such Indemnified Liabilities
resulting from such Agent-Related Person’s own gross negligence or willful misconduct, as
determined by the final judgment of a court of competent jurisdiction; provided that no action
taken in accordance with the directions of the Required Lenders (or such other number or percentage
of the Lenders as shall be required by the Loan Documents) shall be deemed to constitute gross
negligence or willful misconduct for purposes of this Section 9.07. In the case of any
investigation, litigation or proceeding giving rise to any Indemnified Liabilities, this Section
9.07 applies whether any such investigation, litigation or proceeding is brought by any Lender or
any other Person. Without limitation of the foregoing, each Lender shall reimburse the
Administrative Agent upon demand for its ratable share of any costs or out-of-pocket expenses
(including Attorney Costs) incurred by the Administrative Agent in connection with the preparation,
execution, delivery, administration, modification, amendment or
enforcement (whether through negotiations, legal proceedings or otherwise) of, or legal advice
in respect of rights or responsibilities under, this Agreement, any other Loan Document, or any
document contemplated by or referred to herein, to the extent that the Administrative Agent is not
reimbursed for such expenses by or on behalf of the Company. The undertaking in this Section 9.07
shall survive termination of the Aggregate Commitments, the payment of all other Obligations and
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SECTION 9.08. Agents in their Individual Capacities. JPMorgan Chase Bank and its
Affiliates may make loans to, issue letters of credit for the account of, accept deposits from,
acquire Equity Interests in and generally engage in any kind of banking, trust, financial advisory,
underwriting or other business with each of the Loan Parties and their respective Affiliates as
though JPMorgan Chase Bank were not the Administrative Agent or an L/C Issuer hereunder and without
notice to or consent of the Lenders. The Lenders acknowledge that, pursuant to such activities,
JPMorgan Chase Bank or its Affiliates may receive information regarding any Loan Party or its
Affiliates (including information that may be subject to confidentiality obligations in favor of
such Loan Party or such Affiliate) and acknowledge that the Administrative Agent shall be under no
obligation to provide such information to them. With respect to its Loans, JPMorgan Chase Bank
shall have the same rights and powers under this Agreement as any other Lender and may exercise
such rights and powers as though it were not the Administrative Agent or an L/C Issuer, and the
terms “Lender” and “Lenders” include JPMorgan Chase Bank in its individual capacity.

SECTION 9.09. Successor Agents. The Administrative Agent may resign as the
Administrative Agent upon thirty (30) days’ notice to the Lenders and the Company. If the
Administrative Agent resigns under this Agreement, the Required Lenders shall appoint from among
the Lenders a successor agent for the Lenders, which successor agent shall be consented to by the
Company at all times other than during the existence of an Event of Default under Section 8.01(f)
or (g) (which consent of the Company shall not be unreasonably withheld or delayed). If no
successor agent is appointed prior to the effective date of the resignation of the Administrative
Agent, the Administrative Agent may appoint, after consulting with the Lenders and the Company, a
successor agent from among the Lenders. Upon the acceptance of its appointment as successor agent
hereunder, the Person acting as such successor agent shall succeed to all the rights, powers and
duties of the retiring Administrative Agent and the term “Administrative Agent,” shall mean such
successor administrative agent and/or supplemental administrative agent, as the case may be, and
the retiring Administrative Agent’s appointment, powers and duties as the Administrative Agent
shall be terminated. After the retiring Administrative Agent’s resignation hereunder as the
Administrative Agent, the provisions of this Article 9 and Sections 10.04 and 10.05 shall inure to
its benefit as to any actions taken or omitted to be taken by it while it was the Administrative
Agent under this Agreement. If no successor agent has accepted appointment as the Administrative
Agent by the date which is thirty (30) days following the retiring Administrative Agent’s notice of
resignation, the retiring Administrative Agent’s resignation shall nevertheless thereupon become
effective and the Lenders shall perform all of the duties of the Administrative Agent hereunder
until such time, if any, as the Required Lenders appoint a successor agent as provided for above.
Upon the acceptance of any appointment as the Administrative Agent hereunder by a successor and
upon the execution and filing or recording of such financing statements, or amendments thereto, and
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necessary or desirable, or as the Required Lenders may request, in order to (a) continue the perfection of
the Liens granted or purported to be granted by the Collateral Documents or (b) otherwise ensure
that the Collateral and Guarantee Requirement is satisfied, the Administrative Agent shall
thereupon succeed to and become vested with all the rights, powers, discretion, privileges, and
duties of the retiring Administrative Agent, and the retiring Administrative Agent shall be
discharged from its duties and obligations under the Loan Documents. After the retiring
Administrative Agent’s resignation hereunder as the Administrative Agent, the provisions of this
Article 9 shall continue in effect for its benefit in respect of any actions taken or omitted to be
taken by it while it was acting as the Administrative Agent.

SECTION 9.10. Administrative Agent May File Proofs of Claim. In case of the pendency
of any receivership, insolvency, liquidation, bankruptcy, reorganization, arrangement, adjustment,
composition or other judicial proceeding relative to any Loan Party, the Administrative Agent
(irrespective of whether the principal of any Loan or L/C Obligation shall then be due and payable
as herein expressed or by declaration or otherwise and irrespective of whether the Administrative
Agent shall have made any demand on any Borrower) shall be entitled and empowered, by intervention
in such proceeding or otherwise:

(a) to file and prove a claim for the whole amount of the principal and interest owing and
unpaid in respect of the Loans, L/C Obligations and all other Obligations that are owing and unpaid
and to file such other documents as may be necessary or advisable in order to have the claims of
the Lenders and the Administrative Agent (including any claim for the reasonable compensation,
expenses, disbursements and advances of the Lenders and the Administrative Agent and their
respective agents and counsel and all other amounts due the Lenders and the Administrative Agent
under Sections 2.03(h) and (i), 2.09 and 10.04) allowed in such judicial proceeding; and

(b) to collect and receive any monies or other property payable or deliverable on any such
claims and to distribute the same;

and any custodian, receiver, assignee, trustee, liquidator, sequestrator or other similar official
in any such judicial proceeding is hereby authorized by each Lender to make such payments to the
Administrative Agent and, in the event that the Administrative Agent shall consent to the making of
such payments directly to the Lenders, to pay to the Administrative Agent any amount due for the
reasonable compensation, expenses, disbursements and advances of the Agents and their respective
agents and counsel, and any other amounts due the Administrative Agent under Sections 2.09 and
10.04.

Nothing contained herein shall be deemed to authorize the Administrative Agent to authorize or
consent to or accept or adopt on behalf of any Lender any plan of reorganization, arrangement,
adjustment or composition affecting the Obligations or the rights of any Lender or to authorize the
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SECTION 9.11. Collateral and Guaranty Matters. The Lenders irrevocably agree that:

(a) any Lien on any property granted to or held by the Administrative Agent or the Collateral
Agent under any Loan Document shall be automatically released (i) upon termination of the Aggregate
Commitments and payment in full of all Obligations (other than (x) obligations under Secured Hedge
Agreements not yet due and payable, (y) Cash Management Obligations not yet due and payable and (z)
contingent indemnification obligations not yet accrued and payable) and the expiration or
termination of all Letters of Credit, (ii) at the time the property subject to such Lien is
transferred or to be transferred as part of or in connection with any transfer permitted hereunder
or under any other Loan Document to any Person other than Holdings, the Company or any of its
Domestic Subsidiaries that are Restricted Subsidiaries, (iii) subject to Section 10.01, if the
release of such Lien is approved, authorized or ratified in writing by the Required Lenders, or
(iv) if the property subject to such Lien is owned by a Guarantor, upon release of such Guarantor
from its obligations under its Guaranty pursuant to clause (c) below;

(b) to release or subordinate any Lien on any property granted to or held by the
Administrative Agent or the Collateral Agent under any Loan Document to the holder of any Lien on
such property that is permitted by Section 7.01(i); and

(c) any Guarantor shall be automatically released from its obligations under the Guaranty if
such Person ceases to be a Restricted Subsidiary as a result of a transaction or designation
permitted hereunder; provided that no such release shall occur if such Guarantor continues to be a
guarantor in respect of the Existing Notes, the New Notes or any Junior Financing.

Upon request by the Administrative Agent at any time, the Required Lenders will confirm in
writing the Administrative Agent’s authority to release or subordinate its interest in particular
types or items of property, or to release any Guarantor from its obligations under the Guaranty
pursuant to this Section 9.11. In each case as specified in this Section 9.11, the Administrative
Agent will (and each Lender irrevocably authorizes the Administrative Agent to), at the Company’s
expense, execute and deliver to the applicable Loan Party such documents as such Loan Party may
reasonably request to evidence the release or subordination of such item of Collateral from the
assignment and security interest granted under the Collateral Documents, or to evidence the release
of such Guarantor from its obligations under the Guaranty, in each case in accordance with the
terms of the Loan Documents and this Section 9.11.

SECTION 9.12. Other Agents; Arrangers and Managers. None of the Lenders or other
Persons identified on the facing page or signature pages of this Agreement as a “co-syndication
agent,” “co-documentation agent”, “joint bookrunner” or “arranger” shall have any right, power,
obligation, liability, responsibility or duty under this Agreement other than those applicable to
all Lenders as such. Without limiting the foregoing, none of the Lenders or other Persons so
identified shall have or be deemed to have any fiduciary relationship with any Lender. Each Lender
acknowledges that it has not relied, and will not rely, on any of the Lenders or other Persons so
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SECTION 9.13. Appointment of Supplemental Administrative Agents. (a) It is the
purpose of this Agreement and the other Loan Documents that there shall be no violation of
any Law of any jurisdiction denying or restricting the right of banking corporations or
associations to transact business as agent or trustee in such jurisdiction. It is recognized that
in case of litigation under this Agreement or any of the other Loan Documents, and in particular in
case of the enforcement of any of the Loan Documents, or in case the Administrative Agent deems
that by reason of any present or future Law of any jurisdiction it may not exercise any of the
rights, powers or remedies granted herein or in any of the other Loan Documents or take any other
action which may be desirable or necessary in connection therewith, the Administrative Agent is
hereby authorized to appoint an additional individual or institution selected by the Administrative
Agent in its sole discretion as a separate trustee, co-trustee, administrative agent, collateral
agent, administrative sub-agent or administrative co-agent (any such additional individual or
institution being referred to herein individually as a “Supplemental Administrative Agent” and
collectively as “Supplemental Administrative Agents”).

(a) In the event that the Administrative Agent appoints a Supplemental Administrative Agent
with respect to any Collateral, (i) each and every right, power, privilege or duty expressed or
intended by this Agreement or any of the other Loan Documents to be exercised by or vested in or
conveyed to the Administrative Agent with respect to such Collateral shall be exercisable by and
vest in such Supplemental Administrative Agent to the extent, and only to the extent, necessary to
enable such Supplemental Administrative Agent to exercise such rights, powers and privileges with
respect to such Collateral and to perform such duties with respect to such Collateral, and every
covenant and obligation contained in the Loan Documents and necessary to the exercise or
performance thereof by such Supplemental Administrative Agent shall run to and be enforceable by
either the Administrative Agent or such Supplemental Administrative Agent, and (ii) the provisions
of this Article 9 and of Sections 10.04 and 10.05 that refer to the Administrative Agent shall
inure to the benefit of such Supplemental Administrative Agent and all references therein to the
Administrative Agent shall be deemed to be references to the Administrative Agent and/or such
Supplemental Administrative Agent, as the context may require.

(b) Should any instrument in writing from the Company, Holdings or any other Loan Party be
required by any Supplemental Administrative Agent so appointed by the Administrative Agent for more
fully and certainly vesting in and confirming to him or it such rights, powers, privileges and
duties, the Company or Holdings, as applicable, shall, or shall cause such Loan Party to, execute,
acknowledge and deliver any and all such instruments promptly upon request by the Administrative
Agent. In case any Supplemental Administrative Agent, or a successor thereto, shall die, become
incapable of acting, resign or be removed, all the rights, powers, privileges and duties of such
Supplemental Administrative Agent, to the extent permitted by Law, shall vest in and be exercised
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ARTICLE X.

Miscellaneous

SECTION 10.01. Amendments, Etc. Except as otherwise set forth in this Agreement, no
amendment or waiver of any provision of this Agreement or any other Loan Document, and no consent
to any departure by the Company or any other Loan Party therefrom,
shall be effective unless in writing signed by the Required Lenders and the Company or the
applicable Loan Party, as the case may be, and each such waiver or consent shall be effective only
in the specific instance and for the specific purpose for which given; provided that, no such
amendment, waiver or consent shall:

(a) extend or increase the Commitment of any Lender without the written consent of each
Lender directly affected thereby (it being understood that a waiver of any condition precedent set
forth in Section 4.02 or the waiver of any Default, mandatory prepayment or mandatory reduction of
the Commitments shall not constitute an extension or increase of any Commitment of any Lender);

(b) postpone any date scheduled for, or reduce the amount of, any payment of principal or
interest under Section 2.07 or 2.08 without the written consent of each Lender directly affected
thereby, it being understood that the waiver of (or amendment to the terms of) any mandatory
prepayment of the Term Loans shall not constitute a postponement of any date scheduled for the
payment of principal or interest;

(c) reduce the principal of, or the rate of interest specified herein on, any Loan or L/C
Borrowing, or (subject to clause (iii) of the second proviso to this Section 10.01) any fees
(including fees set forth in Section 2.05(a)(iv)) or other amounts payable hereunder or under any
other Loan Document without the written consent of each Lender directly affected thereby, it being
understood that any change to the definition of Total Leverage Ratio or in the component
definitions thereof shall not constitute a reduction in the rate; provided that, only the consent
of the Required Lenders shall be necessary to amend the definition of “Default Rate” or to waive
any obligation of the Borrowers to pay interest at the Default Rate;

(d) change any provision of this Section 10.01, the definition of “Required Lenders” or “Pro
Rata Share” or Section 2.06(c), 8.04 or 2.13 without the written consent of each Lender affected
thereby;

(e) other than in a transaction permitted under Section 7.05, release all or substantially
all of the Collateral in any transaction or series of related transactions, without the written
consent of each Lender; or

(f) other than in connection with a transaction permitted under Section 7.04 or 7.05, release
all or substantially all of the aggregate value of the Guarantees, without the written consent of
each Lender;

and provided further that (i) no amendment, waiver or consent shall, unless in writing and signed
by each L/C Issuer in addition to the Lenders required above, affect the rights or duties of an L/C
Issuer under this Agreement or any Letter of Credit Application relating to any Letter of Credit
issued or to be issued by it; (ii) no amendment, waiver or consent shall, unless in writing and
signed by the Swing Line Lender in addition to the Lenders required above, affect the rights or
duties of the Swing Line Lender under this Agreement; (iii) no amendment, waiver or consent shall,
unless in writing and signed by the Administrative Agent in addition to the Lenders required above,
affect the rights or duties of, or any fees or other amounts payable to, the Administrative Agent
under this

 

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Agreement or any other Loan Document; (iv) Section 10.07(h) may not be amended, waived or otherwise modified without the consent of each Granting Lender all or
any part of whose Loans are being funded by an SPC at the time of such amendment, waiver or other
modification; and (v) the consent of Lenders holding more than 50% of any Class of Commitments
shall be required with respect to any amendment that by its terms adversely affects the rights of
such Class in respect of payments hereunder in a manner different than such amendment affects other
Classes. Notwithstanding anything to the contrary herein, no Defaulting Lender shall have any
right to approve or disapprove any amendment, waiver or consent hereunder, except that the
Commitment of such Lender may not be increased or extended without the consent of such Lender (it
being understood that any Commitments or Loans held or deemed held by any Defaulting Lender shall
be excluded for a vote of the Lenders hereunder requiring any consent of the Lenders).

Notwithstanding the foregoing, this Agreement may be amended (or amended and restated) with
the written consent of the Required Lenders, the Administrative Agent and the Company (a) to add
one or more additional credit facilities to this Agreement and to permit the extensions of credit
from time to time outstanding thereunder and the accrued interest and fees in respect thereof to
share ratably in the benefits of this Agreement and the other Loan Documents with the U.S. Term
Loans, U.K. Term Loans, Euro Term Loans and the Revolving Credit Loans and the accrued interest and
fees in respect thereof and (b) to include appropriately the Lenders holding such credit facilities
in any determination of the Required Lenders.

In addition, notwithstanding the foregoing, this Agreement may be amended with the written
consent of the Administrative Agent, the Company and the Lenders providing the relevant U.S.
Replacement Term Loans, U.K. Replacement Term Loans or Euro Replacement Term Loans (as defined
below) to permit the refinancing of all outstanding U.S. Term Loans (“U.S. Refinanced Term Loans”),
U.K. Term Loans (“U.K. Refinanced Term Loans”) or Euro Term Loans (“Euro Refinanced Term Loans”)
with a replacement U.S. term loan tranche denominated in Dollars (“U.S. Replacement Term Loans”),
U.K. term loan tranche denominated in Sterling (“U.K. Replacement Term Loans”) or Euro term loan
tranche denominated in Euros (“Euro Replacement Term Loans”), respectively, hereunder; provided
that (a) the aggregate principal amount of such U.S. Replacement Term Loans, U.K. Replacement Term
Loans or Euro Replacement Term Loans shall not exceed the aggregate principal amount of such U.S.
Refinanced Term Loans, U.K. Refinanced Term Loans or Euro Refinanced Term Loans, respectively, (b)
the Applicable Rate for such U.S. Replacement Term Loans, U.K. Replacement Term Loans or Euro
Replacement Term Loans shall not be higher than the Applicable Rate for such U.S. Refinanced Term
Loans, U.K. Refinanced Term Loans or Euro Refinanced Term Loans, respectively, (c) the Weighted
Average Life to Maturity of such U.S. Replacement Term Loans, U.K. Replacement Term Loans or Euro
Replacement Term Loans shall not be shorter than the Weighted Average Life to Maturity of such U.S.
Refinanced Term Loans, U.K. Refinanced Term Loans or Euro Refinanced Term Loans, respectively, at
the time of such refinancing (except to the extent of nominal amortization for periods where
amortization has been eliminated as a result of prepayment of the applicable Term Loans) and (d)
all other terms applicable to such U.S. Replacement Term Loans, U.K. Replacement Term Loans or Euro
Replacement Term Loans shall be substantially identical to, or less favorable to the Lenders
providing such U.S. Replacement Term Loans, U.K. Replacement Term Loans or Euro Replacement Term
Loans than, those applicable to such U.S. Refinanced Term Loans, U.K. Refinanced Term Loans or Euro
Refinanced Term Loans, respectively, except to the extent
necessary to provide for covenants and other terms applicable to any period after the latest
final maturity of the Term Loans in effect immediately prior to such refinancing.

 

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Notwithstanding anything to the contrary contained in Section 10.01, guarantees, collateral
security documents and related documents executed by Foreign Subsidiaries in connection with this
Agreement may be in a form reasonably determined by the Administrative Agent and may be, together
with this Agreement, amended and waived with the consent of the Administrative Agent at the request
of the Company without the need to obtain the consent of any other Lender if such amendment or
waiver is delivered in order (i) to comply with local Law or advice of local counsel, (ii) to cure
ambiguities or defects or (iii) to cause such guarantee, collateral security document or other
document to be consistent with this Agreement and the other Loan Documents.

SECTION 10.02. Notices and Other Communications; Facsimile Copies. (a) General.
Unless otherwise expressly provided herein, all notices and other communications provided for
hereunder or under any other Loan Document shall be in writing (including by facsimile
transmission). All such written notices shall be mailed, faxed or delivered to the applicable
address, facsimile number or electronic mail address, and all notices and other communications
expressly permitted hereunder to be given by telephone shall be made to the applicable telephone
number, as follows:

(a) if to any Borrower, the Administrative Agent, an L/C Issuer or the Swing Line
Lender, to the address, facsimile number, electronic mail address or telephone number
specified for such Person on Schedule 10.02 or to such other address, facsimile number,
electronic mail address or telephone number as shall be designated by such party in a notice
to the other parties; and

(b) if to any other Lender, to the address, facsimile number, electronic mail address
or telephone number specified in its Administrative Questionnaire or to such other address,
facsimile number, electronic mail address or telephone number as shall be designated by such
party in a notice to the Company, the Administrative Agent, the L/C Issuers and the Swing
Line Lender.

All such notices and other communications shall be deemed to be given or made upon the earlier to
occur of (i) actual receipt by the relevant party hereto and (ii) (A) if delivered by hand or by
courier, when signed for by or on behalf of the relevant party hereto; (B) if delivered by mail,
four (4) Business Days after deposit in the mails, postage prepaid; (C) if delivered by facsimile,
when sent and receipt has been confirmed by telephone; and (D) if delivered by electronic mail
(which form of delivery is subject to the provisions of Section 10.02(c)), when delivered; provided
that notices and other communications to the Administrative Agent, the L/C Issuers and the Swing
Line Lender pursuant to Article 2 shall not be effective until actually received by such Person.
In no event shall a voice mail message be effective as a notice, communication or confirmation
hereunder.

(b) Effectiveness of Facsimile Documents and Signatures. Loan Documents may be transmitted
and/or signed by facsimile. The effectiveness of any such documents and
signatures shall, subject to applicable Law, have the same force and effect as manually signed
originals and shall be binding on all Loan Parties, the Agents and the Lenders.

 

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

(d) Designation by Overseas Borrowers. Each Overseas Borrower hereby designates the Company
as its representative and agent on its behalf for the purposes of giving and receiving all notices
(other than Borrowing Requests and requests for the issuance of Letters of Credit pursuant to
Section 2.03) and any other documentation required to be delivered to it pursuant to this Agreement
and any other Loan Document by the Administrative Agent or any Lender. The Company hereby accepts
such appointment. The Agents and the Lenders may regard any notice (other than Borrowing Requests
and requests for the issuance of Letters of Credit pursuant to Section 2.03) or other communication
pursuant to any Loan Document from the Company as a notice or communication from all Borrowers, and
may give any notice or communication required or permitted to be given to any Overseas Borrower or
Overseas Borrowers hereunder to the Company on behalf of such Overseas Borrower or Overseas
Borrowers. Each Overseas Borrower agrees that each notice, election, representation and warranty,
covenant, agreement and undertaking made on its behalf by the Company shall be deemed for all
purposes to have been made by such Overseas Borrower and shall be binding upon and enforceable
against such Overseas Borrower to the same extent as if the same had been made directly by such
Overseas Borrower.

SECTION 10.03. No Waiver; Cumulative Remedies. No failure by any Lender or the
Administrative Agent to exercise, and no delay by any such Person in exercising, any right, remedy,
power or privilege hereunder or under any other Loan Document shall operate as a waiver thereof;
nor shall any single or partial exercise of any right, remedy, power or privilege hereunder
preclude any other or further exercise thereof or the exercise of any other right, remedy, power or
privilege. The rights, remedies, powers and privileges herein provided, and provided under each
other Loan Document, are cumulative and not exclusive of any rights, remedies, powers and
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SECTION 10.04. Attorney Costs, Expenses and Taxes. The Company agrees (a) if the
Closing Date occurs, to pay or reimburse the Administrative Agent, the Co-Syndication Agents, the
Co-Documentation Agents and the Arrangers for all reasonable out-of-pocket costs and expenses
incurred in connection with the preparation, negotiation, syndication and execution of this
Agreement and the other Loan Documents, and any amendment, waiver, consent or other modification of
the provisions hereof and thereof (whether or not the transactions contemplated
thereby are consummated), and the consummation and administration of the transactions
contemplated hereby and thereby, including all Attorney Costs of Cravath, Swaine & Moore LLP, and
(b) to pay or reimburse the Administrative Agent, the Co-Syndication Agents, the Co-Documentation
Agents, the Arrangers and each Lender for all out-of-pocket costs and expenses incurred in
connection with the enforcement of any rights or remedies under this Agreement or the other Loan
Documents (including all such costs and expenses incurred during any legal proceeding, including
any proceeding under any Debtor Relief Law, and including all Attorney Costs of counsel to the
Administrative Agent). The foregoing costs and expenses shall include all reasonable search,
filing, recording and title insurance charges and fees and taxes related thereto, and other
(reasonable, in the case of Section 10.04(a)) out-of-pocket expenses incurred by any Agent. The
agreements in this Section 10.04 shall survive the termination of the Aggregate Commitments and
repayment of all other Obligations. All amounts due under this Section 10.04 shall be paid within
ten (10) Business Days of receipt by the Company of an invoice relating thereto setting forth such
expenses in reasonable detail. If any Loan Party fails to pay when due any costs, expenses or
other amounts payable by it hereunder or under any Loan Document, such amount may be paid on behalf
of such Loan Party by the Administrative Agent in its sole discretion.

SECTION 10.05. Indemnification by the Company. Whether or not the transactions
contemplated hereby are consummated, the Company shall indemnify and hold harmless each
Agent-Related Person, each Lender and their respective Affiliates, directors, officers, employees,
counsel, agents, trustees, investment advisors and attorneys-in-fact (collectively the
“Indemnitees”) from and against any and all liabilities, obligations, losses, damages, penalties,
claims, demands, actions, judgments, suits, costs, expenses and disbursements (including Attorney
Costs) of any kind or nature whatsoever which may at any time be imposed on, incurred by or
asserted against any such Indemnitee in any way relating to or arising out of or in connection with
(a) the execution, delivery, enforcement, performance or administration of any Loan Document or any
other agreement, letter or instrument delivered in connection with the transactions contemplated
thereby or the consummation of the transactions contemplated thereby, (b) any Commitment, Loan or
Letter of Credit or the use or proposed use of the proceeds therefrom (including any refusal by an
L/C Issuer to honor a demand for payment under a Letter of Credit if the documents presented in
connection with such demand do not strictly comply with the terms of such Letter of Credit), or (c)
any actual or alleged presence or release of Hazardous Materials on or from any property currently
or formerly owned or operated by the Company, any Subsidiary or any other Loan Party, or any
Environmental Liability related in any way to the Company, any Subsidiary or any other Loan Party,
or (d) any actual or prospective claim, litigation, investigation or proceeding relating to any of
the foregoing, whether based on contract, tort or any other theory (including any investigation of,
preparation for, or defense of any pending or threatened claim, investigation, litigation or
proceeding) and regardless of whether any Indemnitee is a party thereto (all the foregoing,
collectively, the “Indemnified Liabilities”), in all cases, whether or not caused by or arising, in
whole or in part, out of the negligence of the Indemnitee; provided that such indemnity shall not,
as to any Indemnitee, be available to the extent that such liabilities, obligations, losses,
damages, penalties, claims, demands, actions, judgments, suits, costs, expenses or disbursements
resulted from the gross negligence or willful misconduct of such Indemnitee or of any affiliate,
director, officer, employee, counsel, agent or attorney-in-fact of such Indemnitee. No Indemnitee
shall be liable for any

 

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damages arising from the use by others of any information or other
materials obtained through IntraLinks or other similar information transmission systems in connection
with this Agreement, nor shall any Indemnitee or any Loan Party have any liability for any special,
punitive, indirect or consequential damages relating to this Agreement or any other Loan Document
or arising out of its activities in connection herewith or therewith (whether before or after the
Closing Date). In the case of an investigation, litigation or other proceeding to which the
indemnity in this Section 10.05 applies, such indemnity shall be effective whether or not such
investigation, litigation or proceeding is brought by any Loan Party, its directors, stockholders
or creditors or an Indemnitee or any other Person, whether or not any Indemnitee is otherwise a
party thereto and whether or not any of the transactions contemplated hereunder or under any of the
other Loan Documents is consummated. All amounts due under this Section 10.05 shall be paid within
ten (10) Business Days after demand therefor; provided, however, that such Indemnitee shall
promptly refund such amount to the extent that there is a final judicial or arbitral determination
that such Indemnitee was not entitled to indemnification or contribution rights with respect to
such payment pursuant to the express terms of this Section 10.05. The agreements in this Section
10.05 shall survive the resignation of the Administrative Agent, the replacement of any Lender, the
termination of the Aggregate Commitments and the repayment, satisfaction or discharge of all the
other Obligations.

SECTION 10.06. Payments Set Aside. To the extent that any payment by or on behalf of
the Company is made to any Agent or any Lender, or any Agent or any Lender exercises its right of
setoff, and such payment or the proceeds of such setoff or any part thereof is subsequently
invalidated, declared to be fraudulent or preferential, set aside or required (including pursuant
to any settlement entered into by such Agent or such Lender in its discretion) to be repaid to a
trustee, receiver or any other party, in connection with any proceeding under any Debtor Relief Law
or otherwise, then (a) to the extent of such recovery, the obligation or part thereof originally
intended to be satisfied shall be revived and continued in full force and effect as if such payment
had not been made or such setoff had not occurred, and (b) each Lender severally agrees to pay to
the Administrative Agent upon demand its applicable share of any amount so recovered from or repaid
by any Agent, plus interest thereon from the date of such demand to the date such payment is made
at a rate per annum equal to the applicable Overnight Rate from time to time in effect.

SECTION 10.07. 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, except that neither Holdings nor any Borrower may assign or otherwise
transfer any of its rights or obligations hereunder without the prior written consent of each
Lender and no Lender may assign or otherwise transfer any of its rights or obligations hereunder
except (i) to an Eligible Assignee, (ii) by way of participation in accordance with the provisions
of Section 10.07(e), (iii) by way of pledge or assignment of a security interest subject to the
restrictions of Section 10.07(g) or (iv) to an SPC in accordance with the provisions of Section
10.07(h) (and any other attempted assignment or transfer by any party hereto shall be null and
void). Nothing in this Agreement, expressed or implied, shall be construed to confer upon any
Person (other than the parties hereto, their respective successors and assigns permitted hereby,
Participants to the extent provided in Section 10.07(e) and, to the extent expressly contemplated
hereby, the Indemnitees) any legal or equitable right, remedy or claim under or by reason of this
Agreement.

 

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(b) (a) Subject to the conditions set forth in paragraph (b)(ii) below, any Lender may
assign to one or more assignees (“Assignees”) all or a portion of its rights and obligations under
this Agreement (including all or a portion of its Commitment and the Loans (including for purposes
of this Section 10.07(b), participations in L/C Obligations and in Swing Line Loans) at the time
owing to it) with the prior written consent (such consent not to be unreasonably withheld) of:

(i) the Company, provided that no consent of the Company shall be required for
an assignment to a Lender, an Affiliate of a Lender, an Approved Fund or, if an
Event of Default under Section 8.01(a), (f) or (g) has occurred and is continuing,
any Assignee;

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

(iii) each Principal L/C Issuer at the time of such assignment, provided that
no consent of the Principal L/C Issuers shall be required for any assignment of a
Term Loan or any assignment to an Agent or an Affiliate of an Agent; and

(iv) the Swing Line Lender; provided that no consent of the Swing Line Lender
shall be required for any assignment of a Term Loan or any assignment to an Agent or
an Affiliate of an Agent.

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

(i) except in the case of an assignment to a Lender or an Affiliate of a
Lender or an assignment of the entire remaining amount of the assigning Lender’s
Commitment or Loans of any Class, the amount of the Commitment or Loans of the
assigning Lender subject to each such assignment (determined as of the date the
Assignment and Assumption with respect to such assignment is delivered to the
Administrative Agent) shall not be less than $5,000,000 (in the case of each
Revolving Credit Facility), or $1,000,000 (in the case of a Term Loan) unless each
of the Company and the Administrative Agent otherwise consents, provided that (1) no
such consent of the Company shall be required if an Event of Default under Section
8.01(a), (f) or (g) has occurred and is continuing and (2) such amounts shall be
aggregated in respect of each Lender and its Affiliates or Approved Funds, if any;

(ii) 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

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

 

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This paragraph (b) shall not prohibit any Lender from assigning all or a portion of its rights
and obligations among separate Facilities on a non-pro rata basis.

(c) Notwithstanding the foregoing, clauses (b)(i)(A), (b)(i)(B), and (b)(ii)(B) of
this Section 10.07 shall not apply to the primary assignments of Incremental Term Loans or
Incremental Term Commitments by any Incremental Term Lender party to the First Refinancing
Amendment (or its Affiliates and Approved Funds) with respect to which the Incremental
Arranger has given written notice to the Administrative Agent and the Company on or before
the First Refinancing Amendment Effective Date.

(c) Subject to acceptance and recording thereof by the Administrative Agent pursuant to
Section 10.07(d), from and after the effective date specified in each Assignment and Assumption,
the Eligible Assignee thereunder shall be a party to this Agreement and, to the extent of the
interest assigned by such Assignment and Assumption, have the rights and obligations of a Lender
under this Agreement, and the assigning Lender thereunder shall, to the extent of the interest
assigned by such Assignment and Assumption, be released from its obligations under this Agreement
(and, in the case of an Assignment and Assumption covering all of the assigning Lender’s rights and
obligations under this Agreement, such Lender shall cease to be a party hereto but shall continue
to be entitled to the benefits of Sections 3.01, 3.04, 3.05, 10.04 and 10.05 with respect to facts
and circumstances occurring prior to the effective date of such assignment). Upon request, and the
surrender by the assigning Lender of its Note, the relevant Borrower (at its expense) shall execute
and deliver a Note to the assignee Lender. Any assignment or transfer by a Lender of rights or
obligations under this Agreement that does not comply with this clause (c) 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 Section 10.07(e).

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

 

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(e) Any Lender may at any time, without the consent of, or notice to, the Borrowers or the
Administrative Agent, sell participations to any Person (other than a natural person) (each, a
“Participant”) in all or a portion of such Lender’s rights and/or obligations under this Agreement
(including all or a portion of its Commitment and/or the Loans (including such Lender’s
participations in L/C Obligations and/or Swing Line Loans) owing to it); provided that (i) such
Lender’s obligations under this Agreement shall remain unchanged, (ii) such Lender shall remain
solely responsible to the other parties hereto for the performance of such obligations and (iii)
the Borrowers, the Agents and the other Lenders shall continue to deal solely and directly
with such Lender in connection with such Lender’s rights and obligations under this Agreement.
Any agreement or instrument pursuant to which a Lender sells such a participation shall provide
that such Lender shall retain the sole right to enforce this Agreement and the other Loan Documents
and to approve any amendment, modification or waiver of any provision of this Agreement or the
other Loan Documents; provided that such agreement or instrument may provide that such Lender will
not, without the consent of the Participant, agree to any amendment, waiver or other modification
described in the first proviso to Section 10.01 that directly affects such Participant. Subject to
Section 10.07(f), the Borrowers agree that each Participant shall be entitled to the benefits of
Sections 3.01, 3.04 and 3.05 to the same extent as if it were a Lender and had acquired its
interest by assignment pursuant to Section 10.07(c) but shall not be entitled to recover greater
amounts under such Sections than the selling Lender would be entitled to recover. To the extent
permitted by applicable Law, each Participant also shall be entitled to the benefits of Section
10.09 as though it were a Lender; provided that such Participant agrees to be subject to Section
2.13 as though it were a Lender.

(f) A Participant shall not be entitled to receive any greater payment under Section 3.01,
3.04 or 3.05 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 relevant Borrower’s prior written consent. A Participant shall not be entitled to
the benefits of Section 3.01 unless the relevant Borrower is notified of the participation sold to
such Participant and such Participant agrees, for the benefit of the relevant Borrower, to comply
with Section 10.15 as though it were a Lender.

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

(h) Notwithstanding anything to the contrary contained herein, any Lender (a “Granting
Lender”) may grant to a special purpose funding vehicle identified as such in writing from time to
time by the Granting Lender to the Administrative Agent and the relevant Borrower (an “SPC”) the
option to provide all or any part of any Loan that such Granting Lender would otherwise be
obligated to make pursuant to this Agreement; provided that (i) nothing herein shall constitute a
commitment by any SPC to fund any Loan, and (ii) if an SPC elects not to exercise such option or
otherwise fails to make all or any part of such Loan, the Granting Lender shall be obligated to
make such Loan pursuant to the terms hereof. Each party hereto hereby agrees that (i) neither the
grant to any SPC nor the exercise by any SPC of such option shall increase the costs or expenses or
otherwise increase or change the obligations of the relevant Borrower under this Agreement
(including its obligations under Section 3.01, 3.04 or 3.05), (ii) no SPC shall be liable for any
indemnity or similar payment obligation under this Agreement for which a Lender would be liable,
and (iii) the Granting Lender shall for all purposes, including the approval of any amendment,
waiver or other modification of any provision of any Loan Document, remain the lender of record
hereunder. The making of a Loan by an SPC hereunder shall utilize the Commitment of the Granting
Lender to the same extent, and as if, such Loan were made by such Granting Lender. Notwithstanding
anything to the contrary contained herein, any SPC may (i)
with notice to, but without prior consent of the relevant Borrower and the Administrative
Agent and with the payment of a processing fee of $3,500, assign all or any portion of its right to
receive payment with respect to any Loan to the Granting Lender and (ii) disclose on a confidential
basis any non-public information relating to its funding of Loans to any rating agency, commercial
paper dealer or provider of any surety or Guarantee or credit or liquidity enhancement to such SPC.

 

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(i) Notwithstanding anything to the contrary contained herein, (1) any Lender may in
accordance with applicable Law create a security interest in all or any portion of the Loans owing
to it and the Note, if any, held by it and (2) any Lender that is a Fund may create a security
interest in all or any portion of the Loans owing to it and the Note, if any, held by it to the
trustee for holders of obligations owed, or securities issued, by such Fund as security for such
obligations or securities; provided that unless and until such trustee actually becomes a Lender in
compliance with the other provisions of this Section 10.07, (i) no such pledge shall release the
pledging Lender from any of its obligations under the Loan Documents and (ii) such trustee shall
not be entitled to exercise any of the rights of a Lender under the Loan Documents even though such
trustee may have acquired ownership rights with respect to the pledged interest through foreclosure
or otherwise.

(j) Notwithstanding anything to the contrary contained herein, any L/C Issuer or the Swing
Line Lender may, upon thirty (30) days’ notice to the Company and the Lenders, resign as an L/C
Issuer or the Swing Line Lender, respectively; provided that on or prior to the expiration of such
30-day period with respect to such resignation, the relevant L/C Issuer or the Swing Line Lender
shall have identified a successor L/C Issuer or Swing Line Lender reasonably acceptable to the
Company willing to accept its appointment as successor L/C Issuer or Swing Line Lender, as
applicable. In the event of any such resignation of an L/C Issuer or the Swing Line Lender, the
Company shall be entitled to appoint from among the Lenders willing to accept such appointment a
successor L/C Issuer or Swing Line Lender hereunder; provided that no failure by the Company to
appoint any such successor shall affect the resignation of the relevant L/C Issuer or the Swing
Line Lender, as the case may be, except as expressly provided above. If an L/C Issuer resigns as
an L/C Issuer, it shall retain all the rights and obligations of an L/C Issuer hereunder with
respect to all Letters of Credit outstanding as of the effective date of its resignation as an L/C
Issuer and all L/C Obligations with respect thereto (including the right to require the Lenders to
make Base Rate Loans or fund risk participations in Unreimbursed Amounts pursuant to Section
2.03(c)). If the Swing Line Lender resigns as Swing Line Lender, it shall retain all the rights of
the Swing Line Lender provided for hereunder with respect to Swing Line Loans made by it and
outstanding as of the effective date of such resignation, including the right to require the
Lenders to make Base Rate Loans or fund risk participations in outstanding Swing Line Loans
pursuant to Section 2.04(c).

SECTION 10.08. Confidentiality. Each of the Agents and the Lenders agrees to
maintain the confidentiality of the Information, except that Information may be disclosed (a) to
its Affiliates and its and its Affiliates’ directors, officers, employees, trustees, investment
advisors 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 Governmental Authority; (c) to the extent required by applicable Laws or

 

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regulations or by any subpoena or similar legal process; (d) to any other party to this
Agreement; (e) subject to an agreement containing provisions substantially the same as those of
this Section 10.08 (or as may otherwise be reasonably acceptable to the Company), to any pledgee
referred to in Section 10.07(g), counterparty to a Swap Contract, Eligible Assignee of or
Participant in, or any prospective Eligible Assignee of or Participant in, any of its rights or
obligations under this Agreement; (f) with the written consent of the Company; (g) to the extent
such Information becomes publicly available other than as a result of a breach of this Section
10.08; (h) to any Governmental Authority or examiner (including the National Association of
Insurance Commissioners or any other similar organization) regulating any Lender; or (i) to any
rating agency when required by it (it being understood that, prior to any such disclosure, such
rating agency shall undertake to preserve the confidentiality of any Information relating to the
Loan Parties received by it from such Lender). In addition, the Agents and the Lenders may
disclose the existence of this Agreement and information about this Agreement to market data
collectors, similar service providers to the lending industry, and service providers to the Agents
and the Lenders in connection with the administration and management of this Agreement, the other
Loan Documents, the Commitments, and the Credit Extensions. For the purposes of this Section
10.08, “Information” means all information received from any Loan Party relating to any Loan Party
or its business, other than any such information that is publicly available to any Agent or any
Lender prior to disclosure by any Loan Party other than as a result of a breach of this Section
10.08; provided that, in the case of information received from a Loan Party after the date hereof,
such information is clearly identified at the time of delivery as confidential or (ii) is delivered
pursuant to Section 6.01, 6.02 or 6.03 hereof.

SECTION 10.09. Setoff. In addition to any rights and remedies of the Lenders
provided by Law, upon the occurrence and during the continuance of any Event of Default, each
Lender and its Affiliates is authorized at any time and from time to time, without prior notice to
the Company or any other Loan Party, any such notice being waived by the Company (on its own behalf
and on behalf of each Loan Party and its Subsidiaries) to the fullest extent permitted by
applicable Law, to set off and apply any and all deposits (general or special, time or demand,
provisional or final) at any time held by, and other Indebtedness at any time owing by, such Lender
and its Affiliates to or for the credit or the account of the respective Loan Parties and their
Subsidiaries against any and all Obligations owing to such Lender and its Affiliates hereunder or
under any other Loan Document, now or hereafter existing, irrespective of whether or not such Agent
or such Lender or Affiliate shall have made demand under this Agreement or any other Loan Document
and although such Obligations may be contingent or unmatured or denominated in a currency different
from that of the applicable deposit or Indebtedness; provided that, in the case of any such
deposits or other Indebtedness for the credit or the account of any Foreign Subsidiary, such set
off may only be against any Obligations of Foreign Subsidiaries. Each Lender agrees promptly to
notify the Company and the Administrative Agent after any such set off and application made by such
Lender; provided, that the failure to give such notice shall not affect the validity of such setoff
and application. The rights of the Administrative Agent and each Lender under this Section 10.09
are in addition to other rights and remedies (including other rights of setoff) that the
Administrative Agent and such Lender may have. Notwithstanding anything herein or in any other
Loan Document to the contrary, in no event shall the assets of any Foreign Subsidiary that is not a
Loan Party constitute collateral security for payment of the Obligations of the Company or any
Domestic Subsidiary, it being understood that (a) the Equity Interests of any Foreign Subsidiary
that is not a Loan Party do not constitute
such an asset and (b) the provisions hereof shall not limit, reduce or otherwise diminish in
any respect the Borrowers’ obligations to make any mandatory prepayment pursuant to Section
2.05(b)(ii).

 

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SECTION 10.10. Interest Rate Limitation. Notwithstanding anything to the contrary
contained in any Loan Document, the interest paid or agreed to be paid under the Loan Documents
shall not exceed the maximum rate of non-usurious interest permitted by applicable Law (the
“Maximum Rate”). If any Agent or any Lender shall receive interest in an amount that exceeds the
Maximum Rate, the excess interest shall be applied to the principal of the Loans or, if it exceeds
such unpaid principal, refunded to the Borrowers. In determining whether the interest contracted
for, charged, or received by an Agent or a Lender exceeds the Maximum Rate, such Person may, to the
extent permitted by applicable Law, (a) characterize any payment that is not principal as an
expense, fee, or premium rather than interest, (b) exclude voluntary prepayments and the effects
thereof, and (c) amortize, prorate, allocate, and spread in equal or unequal parts the total amount
of interest throughout the contemplated term of the Obligations hereunder.

SECTION 10.11. Counterparts. This Agreement and each other Loan Document may be
executed in one or more counterparts, each of which shall be deemed an original, but all of which
together shall constitute one and the same instrument. Delivery by telecopier of an executed
counterpart of a signature page to this Agreement and each other Loan Document shall be effective
as delivery of an original executed counterpart of this Agreement and such other Loan Document.
The Agents may also require that any such documents and signatures delivered by telecopier be
confirmed by a manually signed original thereof; provided that the failure to request or deliver
the same shall not limit the effectiveness of any document or signature delivered by telecopier.

SECTION 10.12. Integration. This Agreement, together with the other Loan Documents,
comprises the complete and integrated agreement of the parties on the subject matter hereof and
thereof and supersedes all prior agreements, written or oral, on such subject matter. In the event
of any conflict between the provisions of this Agreement and those of any other Loan Document, the
provisions of this Agreement shall control; provided that the inclusion of supplemental rights or
remedies in favor of the Agents or the Lenders in any other Loan Document shall not be deemed a
conflict with this Agreement. Each Loan Document was drafted with the joint participation of the
respective parties thereto and shall be construed neither against nor in favor of any party, but
rather in accordance with the fair meaning thereof.

SECTION 10.13. Survival of Representations and Warranties. All representations and
warranties made hereunder and in any other Loan Document or other document delivered pursuant
hereto or thereto or in connection herewith or therewith shall survive the execution and delivery
hereof and thereof. Such representations and warranties have been or will be relied upon by each
Agent and each Lender, regardless of any investigation made by any Agent or any Lender or on their
behalf and notwithstanding that any Agent or any Lender may have had notice or knowledge of any
Default at the time of any Credit Extension, and shall continue in full force and effect as long as
any Loan or any other Obligation hereunder shall remain unpaid or unsatisfied or any Letter of
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SECTION 10.14. Severability. If any provision of this Agreement or the other Loan
Documents is held to be illegal, invalid or unenforceable, the legality, validity and
enforceability of the remaining provisions of this Agreement and the other Loan Documents shall not
be affected or impaired thereby. The invalidity of a provision in a particular jurisdiction shall
not invalidate or render unenforceable such provision in any other jurisdiction.

SECTION 10.15. Tax Forms. (a) (a) Each Lender and Agent that is not a “United
States person” within the meaning of Section 7701(a)(30) of the Code (each, a “Foreign Lender”)
shall deliver to the Company and the Administrative Agent, on or prior to the date which is ten
(10) Business Days after the Closing Date (or upon accepting an assignment of an interest herein),
two duly signed, properly completed copies of either IRS Form W-8BEN or any successor thereto
(relating to such Foreign Lender and entitling it to an exemption from, or reduction of, United
States withholding tax on all payments to be made to such Foreign Lender by the Company or any
other Loan Party pursuant to this Agreement or any other Loan Document) or IRS Form W-8ECI or any
successor thereto (relating to all payments to be made to such Foreign Lender by the Company or any
other Loan Party pursuant to this Agreement or any other Loan Document) or such other evidence
reasonably satisfactory to the Company and the Administrative Agent that such Foreign Lender is
entitled to an exemption from, or reduction of, United States withholding tax, including any
exemption pursuant to Section 871(h) or 881(c) of the Code, and in the case of a Foreign Lender
claiming such an exemption under Section 881(c) of the Code, a certificate that establishes in
writing to the Company and the Administrative Agent that such Foreign Lender is not (i) a “bank” as
defined in Section 881(c)(3)(A) of the Code, (ii) a 10-percent stockholder within the meaning of
Section 871(h)(3)(B) of the Code, or (iii) a controlled foreign corporation related to the Company
with the meaning of Section 864(d) of the Code. Thereafter and from time to time, each such
Foreign Lender shall (A) promptly submit to the Company and the Administrative Agent such
additional duly completed and signed copies of one or more of such forms or certificates (or such
successor forms or certificates as shall be adopted from time to time by the relevant United States
taxing authorities) as may then be available under then current United States Laws and regulations
to avoid, or such evidence as is reasonably satisfactory to the Company and the Administrative
Agent of any available exemption from, or reduction of, United States withholding taxes in respect
of all payments to be made to such Foreign Lender by the Company or other Loan Party pursuant to
this Agreement, or any other Loan Document, in each case, (1) on or before the date that any such
form, certificate or other evidence expires or becomes obsolete, (2) after the occurrence of any
event requiring a change in the most recent form, certificate or evidence previously delivered by
it to the Company and the Administrative Agent and (3) from time to time thereafter if reasonably
requested by the Company or the Administrative Agent, and (B) promptly notify the Company and the
Administrative Agent of any change in circumstances which would modify or render invalid any
claimed exemption or reduction.

(b) Each Foreign Lender, to the extent it does not act or ceases to act for its own
account with respect to any portion of any sums paid or payable to such Foreign Lender under
any of the Loan Documents (for example, in the case of a typical participation by such
Foreign Lender), shall deliver to the Company and the Administrative Agent on the date when
such Foreign Lender ceases to act for its own account with respect to any portion of any
such sums paid or payable, and at such other times as

 

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may be necessary in the determination
of the Company or the Administrative Agent (in either case, in the reasonable exercise of its discretion), (A) two duly
signed completed copies of the forms or statements required to be provided by such Foreign
Lender as set forth above, to establish the portion of any such sums paid or payable with
respect to which such Foreign Lender acts for its own account that is not subject to United
States withholding tax, and (B) two duly signed completed copies of IRS Form W-8IMY (or any
successor thereto), together with any information such Foreign Lender chooses to transmit
with such form, and any other certificate or statement of exemption required under the Code,
to establish that such Foreign Lender is not acting for its own account with respect to a
portion of any such sums payable to such Foreign Lender.

(c) The Company shall not be required to pay any additional amount or any indemnity
payment under Section 3.01 to (A) any Foreign Lender if such Foreign Lender shall have
failed to satisfy the foregoing provisions of this Section 10.15(a), or (B) any U.S. Lender
if such U.S. Lender shall have failed to satisfy the provisions of Section 10.15(b);
provided that (i) if such Lender shall have satisfied the requirement of this or Section
10.15(b), as applicable, on the date such Lender became a Lender or ceased to act for its
own account with respect to any payment under any of the Loan Documents, nothing in this
Section 10.15(a) or Section 10.15(b) shall relieve any Borrower of its obligation to pay any
amounts pursuant to Section 3.01 in the event that, as a result of any change in any
applicable Law, treaty or governmental rule, regulation or order, or any change in the
interpretation, administration or application thereof, such Lender is no longer properly
entitled to deliver forms, certificates or other evidence at a subsequent date establishing
the fact that such Lender or other Person for the account of which such Lender receives any
sums payable under any of the Loan Documents is not subject to withholding or is subject to
withholding at a reduced rate and (ii) nothing in this Section 10.15(a) shall relieve any
Borrower of its obligation to pay any amounts pursuant to Section 3.01 in the event that the
requirements of 10.15(a)(ii) have not been satisfied if such Borrower is entitled, under
applicable Law, to rely on any applicable forms and statements required to be provided under
this Section 10.15 by the Foreign Lender that does not act or has ceased to act for its own
account under any of the Loan Documents, including in the case of a typical participation.

(d) The Administrative Agent may deduct and withhold any taxes required by any Laws to
be deducted and withheld from any payment under any of the Loan Documents.

(b) Each Lender and Agent that is a “United States person” within the meaning of Section
7701(a)(30) of the Code (each, a “U.S. Lender”) shall deliver to the Administrative Agent and the
Company two duly signed, properly completed copies of IRS Form W-9 on or prior to the Closing Date
(or on or prior to the date it becomes a party to this Agreement), certifying that such U.S. Lender
is entitled to an exemption from United States backup withholding tax, or any successor form. If
such U.S. Lender fails to deliver such forms, then the Administrative Agent may withhold from any
payment to such U.S. Lender an amount equivalent to the applicable backup withholding tax imposed
by the Code.

 

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SECTION 10.16. GOVERNING LAW. (a) THIS AGREEMENT AND EACH OTHER LOAN DOCUMENT SHALL
BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK.

(b) ANY LEGAL ACTION OR PROCEEDING ARISING UNDER ANY LOAN DOCUMENT OR IN ANY WAY CONNECTED
WITH OR RELATED OR INCIDENTAL TO THE DEALINGS OF THE PARTIES HERETO OR ANY OF THEM WITH RESPECT TO
ANY LOAN DOCUMENT, OR THE TRANSACTIONS RELATED THERETO, IN EACH CASE WHETHER NOW EXISTING OR
HEREAFTER ARISING, MAY BE BROUGHT IN THE COURTS OF THE STATE OF NEW YORK SITTING IN NEW YORK CITY
OR OF THE UNITED STATES FOR THE SOUTHERN DISTRICT OF SUCH STATE, AND BY EXECUTION AND DELIVERY OF
THIS AGREEMENT, EACH BORROWER, HOLDINGS, EACH AGENT AND EACH LENDER CONSENTS, FOR ITSELF AND IN
RESPECT OF ITS PROPERTY, TO THE NON-EXCLUSIVE JURISDICTION OF THOSE COURTS. EACH BORROWER,
HOLDINGS, EACH AGENT AND EACH LENDER IRREVOCABLY WAIVES ANY OBJECTION, INCLUDING ANY OBJECTION TO
THE LAYING OF VENUE OR BASED ON THE GROUNDS OF FORUM NON CONVENIENS, WHICH IT MAY NOW OR HEREAFTER
HAVE TO THE BRINGING OF ANY ACTION OR PROCEEDING IN SUCH JURISDICTION IN RESPECT OF ANY LOAN
DOCUMENT OR OTHER DOCUMENT RELATED THERETO.

SECTION 10.17. WAIVER OF RIGHT TO TRIAL BY JURY. EACH PARTY TO THIS AGREEMENT HEREBY
EXPRESSLY WAIVES ANY RIGHT TO TRIAL BY JURY OF ANY CLAIM, DEMAND, ACTION OR CAUSE OF ACTION ARISING
UNDER ANY LOAN DOCUMENT OR IN ANY WAY CONNECTED WITH OR RELATED OR INCIDENTAL TO THE DEALINGS OF
THE PARTIES HERETO OR ANY OF THEM WITH RESPECT TO ANY LOAN DOCUMENT, OR THE TRANSACTIONS RELATED
THERETO, IN EACH CASE WHETHER NOW EXISTING OR HEREAFTER ARISING, AND WHETHER FOUNDED IN CONTRACT OR
TORT OR OTHERWISE; AND EACH PARTY HEREBY AGREES AND CONSENTS THAT ANY SUCH CLAIM, DEMAND, ACTION OR
CAUSE OF ACTION SHALL BE DECIDED BY COURT TRIAL WITHOUT A JURY, AND THAT ANY PARTY TO THIS
AGREEMENT MAY FILE AN ORIGINAL COUNTERPART OR A COPY OF THIS SECTION 10.17 WITH ANY COURT AS
WRITTEN EVIDENCE OF THE CONSENT OF THE SIGNATORIES HERETO TO THE WAIVER OF THEIR RIGHT TO TRIAL BY
JURY.

SECTION 10.18. Binding Effect. This Agreement shall become effective when it shall
have been executed by the Borrowers and Holdings and the Administrative Agent shall have been
notified by each Lender, Swing Line Lender and L/C Issuer that each such Lender, Swing Line Lender
and L/C Issuer has executed it and thereafter shall be binding upon and inure to the benefit of
each Borrower, each Agent and each Lender and their respective successors and assigns, except that
no Borrower shall have the right to assign its rights hereunder or any interest herein without the
prior written consent of the Lenders except as permitted by Section 7.04.

 

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SECTION 10.19. Judgment Currency. If, for the purposes of obtaining judgment in any
court, it is necessary to convert a sum due hereunder or any other Loan Document in one currency
into another currency, the rate of exchange used shall be that at which in accordance
with normal banking procedures the Administrative Agent could purchase the first currency with
such other currency on the Business Day preceding that on which final judgment is given. The
obligation of each Borrower in respect of any such sum due from it to the Administrative Agent or
the Lenders hereunder or under the other Loan Documents shall, notwithstanding any judgment in a
currency (the “Judgment Currency”) other than that in which such sum is denominated in accordance
with the applicable provisions of this Agreement (the “Agreement Currency”), be discharged only to
the extent that on the Business Day following receipt by the Administrative Agent of any sum
adjudged to be so due in the Judgment Currency, the Administrative Agent may in accordance with
normal banking procedures purchase the Agreement Currency with the Judgment Currency. If the
amount of the Agreement Currency so purchased is less than the sum originally due to the
Administrative Agent from any Borrower in the Agreement Currency, such Borrower agrees, as a
separate obligation and notwithstanding any such judgment, to indemnify the Administrative Agent or
the Person to whom such obligation was owing against such loss. If the amount of the Agreement
Currency so purchased is greater than the sum originally due to the Administrative Agent in such
currency, the Administrative Agent agrees to return the amount of any excess to such Borrower (or
to any other Person who may be entitled thereto under applicable Law).

SECTION 10.20. Lender Action. Each Lender agrees that it shall not take or institute
any actions or proceedings, judicial or otherwise, for any right or remedy against any Loan Party
or any other obligor under any of the Loan Documents or the Secured Hedge Agreements (including the
exercise of any right of setoff, rights on account of any banker’s lien or similar claim or other
rights of self-help), or institute any actions or proceedings, or otherwise commence any remedial
procedures, with respect to any Collateral or any other property of any such Loan Party, without
the prior written consent of the Administrative Agent. The provision of this Section 10.20 are for
the sole benefit of the Lenders and shall not afford any right to, or constitute a defense
available to, any Loan Party.

SECTION 10.21. USA PATRIOT Act. Each Lender hereby notifies the Borrowers that
pursuant to the requirements of the USA Patriot Act (Title III of Pub. L. 107-56 (signed into law
October 26, 2001)) (the “Act”), it is required to obtain, verify and record information that
identifies the Borrowers, which information includes the name and address of the Borrowers and
other information that will allow such Lender to identify the Borrowers in accordance with the Act.

SECTION 10.22. Agent for Service of Process. The Company agrees that promptly
following request by the Administrative Agent it shall cause each Foreign Subsidiary which is a
Loan Party or for whose account a Letter of Credit is issued to appoint and maintain an agent
reasonably satisfactory to the Administrative Agent to receive service of process in New York City
on behalf of such Foreign Subsidiary.

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