Document:

Exhibit
4.1

COVANCE INC.

2007 EMPLOYEE EQUITY
PARTICIPATION PLAN

(as
amended March 23, 2007)

1.             PURPOSE

The Covance Inc.
2007 Employee Equity Participation Plan (the “Plan”) is intended to (i)
encourage executive, managerial, technical and other Employees of Covance Inc.
(the “Corporation”) or a Subsidiary (as defined below) to become owners of
stock of the Corporation in order to increase their proprietary interest in the
Corporation’s success; (ii) to stimulate the efforts of certain key executive,
managerial, technical and other Employees by giving suitable recognition to
services which contribute materially to the Corporation’s success; and (iii) to
provide such Employees with additional incentive and reward opportunity.

2.             EFFECTIVE DATE AND DURATION OF PLAN

The Plan shall
become effective upon its approval by the stockholders of the Corporation.
Unless previously terminated by the Corporation’s Board of Directors (the “Board”),
the Plan shall have a term of ten years.

3.             DEFINITIONS

(a)  “1934 Act” means the Securities and Exchange
Act of 1934, as amended, including the rules and regulations promulgated
thereunder.

(b)  “Award” means a stock option, SAR (as defined
below), stock award (as defined below), any other award made pursuant to the
terms of the Plan, or any combination of them, as described in and granted
under the Plan.

(c)  “Award Agreement” is defined in Section 13
hereof.

(d)  “Change of Control” is defined in Section
12(b).

(e)  “Code” means the Internal Revenue Code of
1986, as amended, including any rules and regulations promulgated thereunder or
any successor body of laws, rules and regulations.

(f)  “Committee” means the Compensation and
Organization Committee of the Board of Directors or such other committee as is
appointed by the Board to administer the Plan.

(g)  “Employee” means an employee or a consultant
of the Corporation or a Subsidiary.

(h)  “Fair Market Value” means the closing selling
price of the Shares on the New York Stock Exchange Composite Tape on the
valuation date, or, if there were no sales on the valuation date, the average
of the closing selling prices on the New York Stock Exchange Composite Tape on
the first trading day before and the first trading day after the valuation
date.

(i)  “Grant Price” is defined in Section 9 hereof.

(j)  “ISO” means an incentive stock option as
defined in Section 422 of the Code.

(k)  “Non-Statutory Option” means an option that
is not an ISO.

(l)  “Participant” means an Employee who has been
granted an Award under the Plan.

(m)  “Prior Plan” means the Covance Inc. 2002
Employee Equity Participation Plan.

(n)  “SAR” means a stock appreciation right.

(o)  “Shares” means the common stock of the
Corporation, par value $0.01 per share.

(p)  “Stock Award” means an award other than a
stock option or SAR.

(q)  “Subsidiary” means an entity that is directly
or indirectly controlled by the Corporation or any entity, including an
acquired entity, in which the Corporation has a significant equity interest, as
determined by the Committee.

(r)  “Treasury Shares” means authorized and
issued, but not outstanding, Shares.

4.             PLAN ADMINISTRATION

(a)  The Committee shall be responsible for
administering the Plan. The Committee shall be comprised of two or more
non-employee members of the Board each of whom is a “Non-Employee Director”
within the meaning of Rule 16b-3 under the 1934 Act and an “outside director”
within the meaning of Section 162(m) of the Code.

(b)  The Committee shall have full and exclusive
power to interpret the Plan and to adopt such rules, regulations, and
guidelines for carrying out the Plan as it may deem necessary or proper, all of
which power shall be executed in the best interests of the Corporation and in
keeping with the provisions and objectives of the Plan.  This power includes, but is not limited to
(i) selecting Award recipients and the extent of their participation; (ii)
establishing all Award terms and conditions; (iii) adopting procedures and
regulations governing Awards; and (iv) making all other determinations
necessary or advisable for the administration of the Plan. All decisions made
by the Committee shall be final, binding and conclusive on all persons
interested in the Plan or any Awards.

The Committee may
delegate from time to time during the term of the Plan to one or more executive
officers or directors of the Corporation the authority to carry out some or all
of its responsibilities provided that the Committee may not delegate its
authority and powers in any way which would be inconsistent with the
requirements of the Code or the 1934 Act. 
The Committee may at any time rescind the authority delegated to any
such executive officer or director.

To the extent
consistent with the Corporation’s Amended and Restated Certificate of
Incorporation, no member of the Committee shall be liable for any action or
determination with respect to the Plan, and the members shall be entitled to
indemnification and reimbursement in the manner provided in the Corporation’s
Restated Certificate of Incorporation, as amended, modified or supplemented
from time to time.  In the performance of
its functions under the Plan, the Committee shall be entitled to rely upon
information and advice furnished by the Corporation’s officers, accountants,
counsel and any other party the Committee deems necessary, and no member of the
Committee shall be liable for any action taken or not taken in reliance upon
any such advice.

(c) The Committee
may, from time to time, alter or amend, and the Board of Directors may
terminate, the Plan as it shall deem advisable, subject to any requirement for
shareholder approval imposed by applicable law or securities exchange listing
requirements.  However, the Committee and
Board may not, without the approval of the Corporation’s shareholders, amend
the Plan to increase the number of Shares that may be issued under the Plan
(except for adjustments pursuant to Section 6 hereof), or authorize the
amendment of any outstanding stock option or SAR to reduce the Grant Price
specified by Section 9(a) hereof. Furthermore, no stock option or SAR will be
cancelled and replaced 

with awards having a lower Grant Price without further
approval of the shareholders of the Company. This Section 4(c) is intended
to prohibit the repricing of stock options and SARs and will not be construed
to prohibit the adjustments provided for in Section 7 of this Plan.

(d) The termination of
the Plan, either pursuant to Section 2, Section 4(c) or otherwise, shall not
cause any previously granted Awards to terminate. After the termination of the
Plan, any previously granted Awards shall remain in effect and shall continue
to be governed by the terms of the Plan, the Awards, and any applicable Award
Agreements.

5.             PARTICIPATION

The individuals
who shall be eligible to receive Awards under the Plan shall be Employees
(including officers who are directors) as the Committee or one or more
executive officers or directors, in accordance with Section 4(b) hereof shall
approve from time to time. Designation of a participant in any year shall not
require the Committee to designate that person to receive a benefit in any
other year or to receive the same type or amount of benefit as granted to the
participant in any other year or as granted to any other participant in any
year. The Committee shall consider all factors that it deems relevant in
selecting participants and in determining the type and amount of their
respective benefits.

6.             LIMITATION ON NUMBER OF SHARES

(a)  Subject to the provisions of this Section 6
and Section 7 hereof, up to 1,600,000 Shares may be issued under the Plan.  The stock subject to the provisions of this
Plan shall be shares of authorized but unissued Shares and Treasury Shares.

(b)  In addition to the Shares authorized by
Section 6(a) hereof, the following Shares may be issued under the Plan:  (i)  Shares
that were available for issuance under the Prior Plan but were not issued or
subject to options granted under the Prior Plan, (ii)  Shares that are forfeited under the Prior
Plan and Shares that are not issued under the Prior Plan because of the cancellation,
termination or expiration of awards, and/or other similar events under the
Prior Plan, and (iii)  Shares that are
issued under the Plan which are subsequently forfeited in accordance with the
terms of the Award or an Award Agreement or shares that are not issued because
of the cancellation, termination, or expiration of Awards and/or similar events
under the Plan.

(c)  Subject to the adjustment provisions set
forth herein, not more than 1,600,000 Shares shall be issued under Awards other
than stock options and SARs.  In addition
to the forgoing the shares available for issuance as Awards other than stock
options and SARs under the Prior Plan but not so issued may be issued
hereunder.  There shall be no net share
counting of stock settled SARs under this Plan.

(d)  Subject to the foregoing provisions of this
Section 6, if an Award may be paid only in Shares or in either cash or Shares,
the Shares shall be deemed to be issued hereunder only when and to the extent
that payment is actually made in Shares. 
However, the Committee may, in its discretion, authorize a cash payment
under an Award in lieu of Shares.

(e)  Subject to the adjustment provisions set
forth herein, an individual Participant may not receive Awards with respect to
more than 25% of the number of Shares specified in Section 6(a) hereof over the
term of the Plan.

7.             ADJUSTMENT PROVISIONS

In
the event that any dividend or other distribution (whether in the form of
Shares, other securities, or other property), extraordinary cash dividend, recapitalization,
stock split, reverse stock split, reorganization, merger, consolidation,
split-up, spin-off, combination, repurchase, or exchange of 

Shares or other securities, the exercisability of stock purchase rights
received under any shareholders’ rights plan, the issuance of warrants or other
rights to purchase Shares or other securities, or other similar corporate
transaction or event materially affects the Shares with respect to which Awards
have been or may be issued under the Plan, then the Committee shall, in a
manner and to the extent that the Committee deems appropriate to prevent any
dilution or enlargement of the benefits or potential benefits intended to be
made available under the Plan:

(a)  adjust the number and type of securities that
thereafter may be issued under the Plan,

(b)  adjust the number and type of securities
subject to outstanding Awards,

(c)  adjust the Grant Price or purchase price with
respect to any Award, or

(d)
 make provision for a cash payment to the
holder of an outstanding Award; provided, however, that in no event shall a
cash payment be made for any Option or SAR which has an exercise or grant price
that is below the current Fair Market Value of the Common Stock.

However,
no adjustment shall be authorized with respect to incentive stock options to
the extent that the adjustment would cause the options to violate Section
422(b) of the Code or any successor provision. In addition, the number of
securities subject to any Award denominated in Shares shall always be a whole
number.

In
the event the Corporation acquires another entity by means of a merger,
consolidation, acquisition of property or stock, reorganization or otherwise,
the Committee shall be authorized to cause the Corporation to issue or to
assume stock options or stock appreciation rights, whether or not in a
transaction to which Section 424(a) of the Code applies, by means of
substitution of new options or rights for previously issued options or rights
or an assumption of previously issued options or rights. Any substitute Awards
granted under the Plan shall not count against the share limitations set forth
in Section 6 hereof, to the extent permitted by Section 303A.08 of the
Corporate Governance Standards of the New York Stock Exchange.

Subject
to any required action by the Corporation’s shareholders, if the Corporation is
a party to any merger or consolidation where the Corporation is not the
survivor, a Participant holding an outstanding Award valued directly or
indirectly by Shares shall be entitled to receive, upon the exercise of the
Award, the same per Share consideration (cash, shares or other consideration)
on the same terms that a holder of the same number of Shares that are subject
to the Participant’s Award would be entitled to receive pursuant to the merger
or consolidation.

8.             TERMINATION OF GRANTS UNDER THE PRIOR PLAN

Effective upon the
approval of this Plan by the Corporation’s shareholders, no further grants of
options, rights, units or other awards are or will be permitted under the Prior
Plan. All grants and awards under the Prior Plan that remain outstanding after
the approval of this Plan by the Corporation’s shareholders shall be
administered and paid in accordance with the provisions of the Prior Plan; provided,
however, that the shares related to such grants and awards which have
not been issued prior to this Plan’s approval by the Corporation’s shareholders
shall be issuable under this Plan in accordance with Section 9(e) hereof.

9.             AWARDS UNDER THE PLAN

The following
types of Awards may be granted under this Plan, singly, or in combination as
the Committee may determine from time to time:

(a)  Stock Options - A stock option shall
represent a right to purchase a specified number of Shares at a stated exercise
price (the “Grant Price”) during a specified time, not to exceed ten years from
the date of grant, as determined by the Committee.  The Grant Price per Share for each stock
option shall not be less than 100% of the Fair Market Value on the date of
grant.  A stock option may be in the form
of an ISO or a Non-Statutory Option which in each case is consistent with the
applicable terms, conditions, and limitations established by the Committee.
Upon satisfaction of the applicable conditions to exercisability specified in
the terms and conditions of the Award Agreement, the Participant shall be
entitled to exercise the option in whole or in part and to receive, upon
satisfaction or payment of the Grant Price in the manner contemplated in this
Section 9(a), the number of Shares in respect of which the option shall have
been exercised.

The Shares covered
by a stock option may be purchased by methods permitted by the Committee,
including: (i) a cash payment; (ii) tendering Shares owned by the Participant,
valued at the Fair Market Value at the date of exercise; (iii) to the extent
permitted by applicable law, authorizing the Corporation to sell the Shares (or
a sufficient portion thereof) acquired upon exercise of a stock option, and
assigning to the Corporation a sufficient amount of the sale proceeds to pay
for all the Shares acquired through such exercise and any tax withholding
obligations resulting from such exercise, or (iv) such other methods as the
Committee, in its discretion, deems appropriate.

The
Committee may not (i) grant additional stock options under the Plan to a
Participant contingent upon the surrender of Shares owned by the Participant in
payment of the Grant Price of a stock option granted under the Plan, or (ii)
change or amend the exercise price of any stock options.

(b)  SARs — A SAR shall represent a right to
receive a payment in cash, Shares, or a combination thereof as determined by
the Committee, equal to the excess of the Fair Market Value of a specified
number of Shares on the date the SAR is exercised over an amount which shall be
no less than the Fair Market Value on the date the SAR was granted as set forth
in the applicable Award Agreement. SARs issued hereunder shall not have a term
in excess of ten years.

(c)  Other Stock Awards — A Stock Award shall
represent an Award made in Shares or denominated in units equivalent in value
to Shares or any other Award based on or related to Shares.  All or part of any Stock Award may be subject
to conditions and restrictions established by the Committee, and set forth in
the applicable Award Agreement, which may include, but are not limited to,
continuous service with the Corporation or a Subsidiary and/or the achievement
of Corporation or individual performance goals. 
No more than five percent of the shares available for grant hereunder as
Awards other than stock options and SARs may be issued as restricted stock
other than: (i) performance based restricted stock with less than one year
vesting, or (ii) restricted stock with a vesting term of less than three year
pro rata vesting.  The performance
criteria that shall be used by the Committee in granting Stock Awards
contingent on performance goals for officers to whom 162(m) of the Code is
applicable shall consist of stock price, earnings level, and return on equity
or such other criteria that shall satisfy the requirements of Section 162(m) or
any successor provision.

(d)  Dividends — The Committee may provide that
Awards under Section 9(c) of the Plan earn dividends or dividend equivalents.
Such dividends or dividend equivalents may be paid currently or may be credited
to a participant’s account. Any crediting of dividends or dividend equivalents
may be subject to such restrictions and conditions as the Committee may
establish, including reinvestment in additional Shares or Share equivalents.

(e)  Prior Plan Awards — Awards which, pursuant to
their terms, would have been made under the Prior Plan but were not done so
prior to the approval of this Plan by the Corporation’s shareholders, such as “reload”
options and additional performance shares earned under restricted stock
agreements, shall be issued under the Plan in accordance with the terms of the
Prior Plan.

10.          PAYMENTS AND PAYMENT DEFERRALS

Payment of Awards
may be in the form of cash, Shares, other Awards, or combinations thereof as
the Committee shall determine, and with such restrictions as it may
impose.  The Committee also may require
or permit participants to elect to defer the receipt or issuance of Shares from
stock options or Stock Awards or the settlement of Awards in cash under such
rules and procedures as it may establish under the Plan.  It also may provide that deferred settlements
of Awards include the payment or crediting of earnings on deferred amounts, or
the payment or crediting of dividend equivalents where the deferred amounts are
denominated in Share equivalents.  In
addition, the Committee may stipulate in an Award Agreement, either at the time
of grant or by subsequent amendment to such Award Agreement, that a payment or
portion of a payment of an Award be delayed in the event that Section 162(m) of
the Code (or any successor or similar provision of the Code affecting tax
deductibility) would disallow a tax deduction by the Corporation for all or a
portion of such payment.  The period of
any such delay in payment shall be until the payment, or portion thereof, is
tax deductible, or such earlier date as the Committee shall determine.

Notwithstanding
any provision of the Plan to the contrary, to the extent that awards under the
Plan are subject to the provisions of Section 409A of the Code, then the Plan
as applied to those amounts shall be interpreted and administered so that it is
consistent with such Code section.

11.          TRANSFERABILITY

During the lifetime of a
Participant, the Award shall be exercisable only by such Participant and Awards
shall not be transferable or assignable other than by will or the laws of
descent and distribution, or pursuant to qualified domestic relations orders as
defined in or meeting the requirements of the Code or Title I of the Employee
Retirement Income Security Act of 1974, as amended provided, however, that, in
the discretion of the Committee, a Non-Statutory Option may, in connection with
a Participant’s estate plan, be assigned in whole or in part during the
Participant’s lifetime to one or more members of the Participant’s immediate
family or to a trust established exclusively for one or more such family
members. The assigned portion may only be exercised by the person or persons
who acquire a proprietary interest in the Option pursuant to the
assignment.  The terms applicable to the
assigned portion shall be the same as those in effect for the Option
immediately prior to such assignment and shall be set forth in such documents
issued to the assignee as the Committee may deem appropriate.  Notwithstanding the forgoing, in no event
shall any Award be transferred for value or consideration.

12.          CHANGE OF CONTROL

(a)  In the event of a Change of Control, all
Awards which have not vested shall immediately vest upon the occurrence of such
Change of Control.

(b)  A “Change of Control” shall be deemed to
occur if and when:  (i)  any person (including as such term is used in
Section 13(d) and 14(d)(2) of the 1934 Act) becomes the beneficial owner,
directly or indirectly, of securities representing 20% or more of the combined
voting power of the Corporation’s then outstanding securities; or (ii)  as a result of a proxy contest or contests or
other forms of contested shareholder votes (in each case either individually or
in the aggregate), a majority of the individuals elected to serve on the
Corporation’s Board of Directors are different than the individuals who served
on the Corporation’s Board of Directors at any time within the two years prior
to such proxy contest or contests or other forms of contested shareholder votes
(in each case either individually or in the aggregate); or (iii)  when 
the Corporation’s shareholders approve a merger, or consolidation (where
in each case the Corporation is not the survivor thereof), or sale or disposition
of all or substantially all of the Corporation’s assets or a plan or partial or
complete liquidation; or (iv)  when an
offeror (other than the Corporation) purchases shares of the Corporation’s
Common Stock pursuant to a tender or exchange 

offer for securities representing 20% or more of the
combined voting power of the Corporation’s then outstanding securities.

13.          AWARD AGREEMENTS

Each Award under
the Plan shall be evidenced by an agreement setting forth its terms,
conditions, and limitations for each Award, and the provisions applicable in
the event the Participant’s employment terminates (an “Award Agreement”).  The Committee need not require the execution
of any such agreement by the recipient, in which case acceptance of the Award
by the respective Participant shall constitute agreement by the Participant to
the terms and conditions of the Awards.

14.          TAX WITHHOLDING

The Corporation
shall have the right to deduct from any settlement of an Award made under the
Plan, including the delivery or vesting of Shares, or require the payment of, a
sufficient amount to cover withholding of any federal, state or local or other
governmental taxes or charges required by law or such greater amount of
withholding as the Committee shall determine from time to time and as permitted
by applicable laws, rules and regulations, or to take such other action as may
be necessary to satisfy any such withholding obligations.  If the Committee permits or requires Shares
to be used to satisfy required tax withholdings, such Shares shall be valued at
the Fair Market Value as of the tax recognition date for such Award or such
other date as may be required by applicable law, rule or regulation.

15.          OTHER BENEFIT AND COMPENSATION
PROGRAMS

Unless otherwise
specifically determined by the Committee, settlements of Awards received by
Participants under the Plan shall not be deemed a part of a Participant’s
regular, recurring compensation for purposes of calculating payments or
benefits from any Corporation benefit plan or severance program. Further, the
Corporation or any Subsidiary may adopt from time to time other compensation
programs, plans or arrangements as it deems appropriate or necessary.

16.          UNFUNDED PLAN

Unless otherwise
determined by the Committee, the Plan shall be unfunded and shall not create
(or be construed to create) a trust or a separate fund or funds.  The Plan shall not establish any fiduciary
relationship between the Corporation and any participant or other person. To
the extent any person holds any rights by virtue of an Award granted under the
Plan, such rights shall constitute general unsecured liabilities of the
Corporation and shall not confer upon any participant any right, title, or
interest in any assets of the Corporation.

17.          REGULATORY APPROVALS

The implementation
of the Plan, the granting of any Award under the Plan, and the issuance of
Shares upon the exercise or settlement or any Award shall be subject to the
Corporation’s procurement of all approvals and permits required by regulatory
authorities having jurisdiction over the Plan, the Awards granted under it, or
the Shares issued pursuant to it. In the event any benefit under this Plan is
granted to an employee who is employed or providing services outside the United
States and who is not compensated from a payroll maintained in the United
States, the Committee may, in its sole discretion, modify the provisions of the
Plan as they pertain to such individuals to comply with applicable law,
regulation or accounting rules consistent with the purposes of the Plan and the
Board of Directors or the Committee may, in its discretion, establish one or
more sub-plans to reflect such modified provisions.  All sub-plans adopted by the Committee shall
be deemed to be part of the Plan, but each sub-plan shall apply only to
Participants within the affected jurisdiction and the Company shall not be
required to provide copies of any sub-plans to Participants in any jurisdiction
which is not the subject of such sub-plan.

18.          RIGHTS AS A STOCKHOLDER

A
Participant shall have no rights as a stockholder with respect to Shares
covered by an Award until the date the Participant or his nominee is the holder
of record with respect to the Shares covered by such Award.  No adjustment will be made for dividends or
other rights for which the record date is prior to such date, except as may be
provided pursuant to Section 9(d) hereunder.

19.          FUTURE RIGHTS

No person shall
have any claim or right to be granted an Award, and the grant of an Award shall
not be construed as giving a Participant the right to be retained in the employ
of the Corporation or a Subsidiary or to participate in any other compensation
or benefit plan, program or arrangement of the Corporation or any Subsidiary or
to receive any future Award under the Plan. 
In addition, the Corporation expressly reserves the right at any time to
dismiss a Participant free from any liability or any claim under the Plan,
except as expressly provided in the Plan or in any Award Agreement entered into
hereunder.Exhibit
10.1

$242,489,504

AMENDED AND RESTATED CREDIT AGREEMENT

Dated as of May 9, 2007

among

MERISANT WORLDWIDE, INC.,

MERISANT COMPANY

as Borrower,

THE LENDERS AND ISSUERS PARTY HERETO,

CREDIT SUISSE,

as Administrative Agent and Collateral
Agent,

CREDIT SUISSE SECURITIES (USA) LLC,

as Co-Arranger and Bookrunner

and

JEFFERIES FINANCE LLC,

as Co-Arranger and Documentation Agent

TABLE OF CONTENTS

	
  

  	
   

  	
   

  	
   

  	
   

  	
   

  	
  Page

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  ARTICLE 1

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  DEFINITIONS,
  INTERPRETATION AND ACCOUNTING TERMS

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  1.1

  	
   

  	
   

  	
   

  	
  Defined Terms

  	
   

  	
  1

  
	
  1.2

  	
   

  	
   

  	
   

  	
  Computation of Time Periods

  	
   

  	
  44

  
	
  1.3

  	
   

  	
   

  	
   

  	
  Accounting Terms and Principles

  	
   

  	
  44

  
	
  1.4

  	
   

  	
   

  	
   

  	
  Certain Terms

  	
   

  	
  44

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  ARTICLE 2

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  THE FACILITIES

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  2.1

  	
   

  	
   

  	
   

  	
  The Commitments

  	
   

  	
  46

  
	
  2.2

  	
   

  	
   

  	
   

  	
  Borrowing Procedures

  	
   

  	
  47

  
	
  2.3

  	
   

  	
   

  	
   

  	
  Swing Line Loans

  	
   

  	
  49

  
	
  2.4

  	
   

  	
   

  	
   

  	
  Letters of Credit

  	
   

  	
  51

  
	
  2.5

  	
   

  	
   

  	
   

  	
  Reduction and Termination of the Commitments

  	
   

  	
  57

  
	
  2.6

  	
   

  	
   

  	
   

  	
  Repayment of Loans

  	
   

  	
  58

  
	
  2.7

  	
   

  	
   

  	
   

  	
  Evidence of Debt

  	
   

  	
  59

  
	
  2.8

  	
   

  	
   

  	
   

  	
  Optional Prepayments

  	
   

  	
  59

  
	
  2.9

  	
   

  	
   

  	
   

  	
  Mandatory Prepayments

  	
   

  	
  60

  
	
  2.10

  	
   

  	
   

  	
   

  	
  Interest

  	
   

  	
  62

  
	
  2.11

  	
   

  	
   

  	
   

  	
  Conversion/Continuation Option

  	
   

  	
  64

  
	
  2.12

  	
   

  	
   

  	
   

  	
  Fees

  	
   

  	
  65

  
	
  2.13

  	
   

  	
   

  	
   

  	
  Payments and Computations

  	
   

  	
  66

  
	
  2.14

  	
   

  	
   

  	
   

  	
  Special Provisions Governing LIBO Rate Loans

  	
   

  	
  69

  
	
  2.15

  	
   

  	
   

  	
   

  	
  Capital Adequacy

  	
   

  	
  72

  
	
  2.16

  	
   

  	
   

  	
   

  	
  Taxes

  	
   

  	
  72

  
	
  2.17

  	
   

  	
   

  	
   

  	
  Substitution of Lenders

  	
   

  	
  74

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  ARTICLE 3

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  CONDITIONS TO
  LOANS AND LETTERS OF CREDIT

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  3.1

  	
   

  	
   

  	
   

  	
  Conditions Precedent to Initial Loans and Letters of
  Credit

  	
   

  	
  75

  
	
  3.2

  	
   

  	
   

  	
   

  	
  Conditions Precedent to Each Loan and Letter of
  Credit

  	
   

  	
  81

  
	
  3.3

  	
   

  	
   

  	
   

  	
  Conditions Precedent to the Additional Tranche B
  Term Loans and Letters of Credit

  	
   

  	
  82

  

 

 i
 

 

	
  ARTICLE 4

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  REPRESENTATIONS
  AND WARRANTIES

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  4.1

  	
   

  	
  Financial Condition

  	
   

  	
  88

  
	
  4.2

  	
   

  	
  No Change

  	
   

  	
  89

  
	
  4.3

  	
   

  	
  Corporate Existence; Compliance with Law

  	
   

  	
  89

  
	
  4.4

  	
   

  	
  Corporate Power; Authorization; Enforceable
  Obligations

  	
   

  	
  89

  
	
  4.5

  	
   

  	
  No Legal Bar

  	
   

  	
  90

  
	
  4.6

  	
   

  	
  Litigation

  	
   

  	
  90

  
	
  4.7

  	
   

  	
  No Default

  	
   

  	
  90

  
	
  4.8

  	
   

  	
  Ownership of Property; Liens

  	
   

  	
  90

  
	
  4.9

  	
   

  	
  Intellectual Property

  	
   

  	
  90

  
	
  4.10

  	
   

  	
  Taxes

  	
   

  	
  91

  
	
  4.11

  	
   

  	
  Federal Regulations

  	
   

  	
  91

  
	
  4.12

  	
   

  	
  Labor Matters

  	
   

  	
  91

  
	
  4.13

  	
   

  	
  ERISA

  	
   

  	
  92

  
	
  4.14

  	
   

  	
  Investment Company Act; Other Regulations

  	
   

  	
  92

  
	
  4.15

  	
   

  	
  Ownership of Borrower; Subsidiaries

  	
   

  	
  92

  
	
  4.16

  	
   

  	
  Use of Proceeds

  	
   

  	
  93

  
	
  4.17

  	
   

  	
  Environmental Matters

  	
   

  	
  93

  
	
  4.18

  	
   

  	
  Accuracy of Information, Etc

  	
   

  	
  94

  
	
  4.19

  	
   

  	
  Collateral Documents

  	
   

  	
  95

  
	
  4.20

  	
   

  	
  Solvency

  	
   

  	
  96

  
	
  4.21

  	
   

  	
  Regulation H

  	
   

  	
  96

  
	
  4.22

  	
   

  	
  Proprietary Rights; Foreign Trademarks

  	
   

  	
  96

  
	
  4.23

  	
   

  	
  Insurance

  	
   

  	
  97

  
	
  4.24

  	
   

  	
  Senior Subordinated Debt Documents

  	
   

  	
  97

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  ARTICLE 5

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  AFFIRMATIVE
  COVENANTS

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  5.1

  	
   

  	
  Financial Statements

  	
   

  	
  98

  
	
  5.2

  	
   

  	
  Certificates; Other Information

  	
   

  	
  99

  
	
  5.3

  	
   

  	
  Payment of Obligations and Taxes

  	
   

  	
  101

  
	
  5.4

  	
   

  	
  Maintenance of Existence; Compliance

  	
   

  	
  102

  
	
  5.5

  	
   

  	
  Maintenance of Property; Insurance

  	
   

  	
  102

  
	
  5.6

  	
   

  	
  Inspection of Property; Books and Records;
  Discussions

  	
   

  	
  102

  
	
  5.7

  	
   

  	
  Notices

  	
   

  	
  102

  
	
  5.8

  	
   

  	
  Environmental Laws

  	
   

  	
  104

  
	
  5.9

  	
   

  	
  Ratings

  	
   

  	
  104

  
	
  5.10

  	
   

  	
  Additional Collateral and Guaranties

  	
   

  	
  104

  
	
  5.11

  	
   

  	
  Liens Securing Excluded Foreign Subsidiary
  Indebtedness

  	
   

  	
  106

  
	
  5.12

  	
   

  	
  Application of Proceeds

  	
   

  	
  106

  
						

 

 ii
 

 

	
  ARTICLE 6

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  NEGATIVE
  COVENANTS

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  6.1

  	
   

  	
  Financial Condition Covenants

  	
   

  	
  107

  
	
  6.2

  	
   

  	
  Indebtedness

  	
   

  	
  109

  
	
  6.3

  	
   

  	
  Liens

  	
   

  	
  111

  
	
  6.4

  	
   

  	
  Fundamental Changes

  	
   

  	
  113

  
	
  6.5

  	
   

  	
  Disposition of Property

  	
   

  	
  115

  
	
  6.6

  	
   

  	
  Restricted Payments

  	
   

  	
  116

  
	
  6.7

  	
   

  	
  Capital Expenditures

  	
   

  	
  118

  
	
  6.8

  	
   

  	
  Investments

  	
   

  	
  119

  
	
  6.9

  	
   

  	
  Transactions with Affiliates

  	
   

  	
  121

  
	
  6.10

  	
   

  	
  Sales and Leasebacks

  	
   

  	
  121

  
	
  6.11

  	
   

  	
  Changes in Fiscal Periods

  	
   

  	
  121

  
	
  6.12

  	
   

  	
  Negative Pledge Clauses

  	
   

  	
  121

  
	
  6.13

  	
   

  	
  Clauses Restricting Subsidiary Distributions

  	
   

  	
  122

  
	
  6.14

  	
   

  	
  Lines of Business; Activities of Subsidiaries Owning
  Capital Stock of Excluded Foreign Subsidiaries and Activities of Merisant
  Spain and Merisant Netherlands

  	
   

  	
  122

  
	
  6.15

  	
   

  	
  Modification of Subordinated Agreements

  	
   

  	
  123

  
	
  6.16

  	
   

  	
  Post Closing Deliveries

  	
   

  	
  123

  
	
  6.17

  	
   

  	
  Restriction Regarding New Ventures

  	
   

  	
  123

  
	
  6.18

  	
   

  	
  Permitted Additional Secured Indebtedness;
  Intercreditor Agreement

  	
   

  	
  124

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  ARTICLE 7

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  EVENTS OF
  DEFAULT

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  7.1

  	
   

  	
  Events of Default

  	
   

  	
  125

  
	
  7.2

  	
   

  	
  Remedies

  	
   

  	
  128

  
	
  7.3

  	
   

  	
  Actions in Respect of Letters of Credit

  	
   

  	
  129

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  ARTICLE 8

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  THE
  ADMINISTRATIVE AGENT; THE COLLATERAL AGENT;

  	
   

  	
   

  
	
  AND THE AGENTS

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  8.1

  	
   

  	
  Authorization And Action

  	
   

  	
  129

  
	
  8.2

  	
   

  	
  Administrative Agent’s and Collateral Agent’s
  Reliance, Etc.

  	
   

  	
  131

  
	
  8.3

  	
   

  	
  The Administrative Agent Individually

  	
   

  	
  131

  
	
  8.4

  	
   

  	
  Lender Credit Decision

  	
   

  	
  131

  
	
  8.5

  	
   

  	
  Indemnification

  	
   

  	
  132

  
	
  8.6

  	
   

  	
  Successor Administrative Agent or Collateral Agent

  	
   

  	
  132

  
	
  8.7

  	
   

  	
  Concerning the Collateral and the Collateral
  Documents

  	
   

  	
  133

  
	
  8.8

  	
   

  	
  Collateral Matters Relating to Related Obligations

  	
   

  	
  134

  

 

 iii
 

 

	
  ARTICLE 9

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  MISCELLANEOUS

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  9.1

  	
   

  	
  Amendments. Waivers. Etc

  	
   

  	
  135

  
	
  9.2

  	
   

  	
  Assignments and Participations

  	
   

  	
  138

  
	
  9.3

  	
   

  	
  Costs and Expenses

  	
   

  	
  143

  
	
  9.4

  	
   

  	
  Indemnities

  	
   

  	
  144

  
	
  9.5

  	
   

  	
  Limitation of Liability

  	
   

  	
  147

  
	
  9.6

  	
   

  	
  Right of Set-off

  	
   

  	
  147

  
	
  9.7

  	
   

  	
  Sharing of Payments. Etc.

  	
   

  	
  147

  
	
  9.8

  	
   

  	
  Notices, Etc

  	
   

  	
  148

  
	
  9.9

  	
   

  	
  No Waiver; Remedies

  	
   

  	
  150

  
	
  9.10

  	
   

  	
  Binding Effect

  	
   

  	
  150

  
	
  9.11

  	
   

  	
  Governing Law

  	
   

  	
  150

  
	
  9.12

  	
   

  	
  Submission to Jurisdiction; Service of Process

  	
   

  	
  150

  
	
  9.13

  	
   

  	
  Waiver of Jury Trial

  	
   

  	
  151

  
	
  9.14

  	
   

  	
  Marshaling; Payments Set Aside

  	
   

  	
  152

  
	
  9.15

  	
   

  	
  Section Titles

  	
   

  	
  152

  
	
  9.16

  	
   

  	
  Execution in Counterparts

  	
   

  	
  152

  
	
  9.17

  	
   

  	
  Entire Agreement

  	
   

  	
  152

  
	
  9.18

  	
   

  	
  Confidentiality

  	
   

  	
  152

  
	
  9.19

  	
   

  	
  Waiver of Usury Defense

  	
   

  	
  153

  
	
  9.20

  	
   

  	
  Survival of Agreement

  	
   

  	
  153

  
	
  9.21

  	
   

  	
  USA Patriot Act

  	
   

  	
  153

  
	
  9.22

  	
   

  	
  Waiver and Consent

  	
   

  	
  153

  
	
  9.23

  	
   

  	
  Permitted Merger

  	
   

  	
  154

  

 

 iv
 

 

	
  Schedules

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Schedule I

  	
   

  	
  -

  	
   

  	
  Commitments

  
	
  Schedule II

  	
   

  	
  -

  	
   

  	
  Applicable Lending Offices and Addresses for Notices

  
	
  Schedule 4.10

  	
   

  	
  -

  	
   

  	
  Tax Returns under Audit or Examination

  
	
  Schedule 4.15

  	
   

  	
  -

  	
   

  	
  Subsidiaries

  
	
  Schedule 4.19(a)

  	
   

  	
  -

  	
   

  	
  Security Interest Filings

  
	
  Schedule 4.19(b)

  	
   

  	
  -

  	
   

  	
  Mortgage Filings

  
	
  Schedule 4.22

  	
   

  	
  -

  	
   

  	
  Foreign Trademarks

  
	
  Schedule 6.2

  	
   

  	
  -

  	
   

  	
  Existing Indebtedness

  
	
  Schedule 6.8

  	
   

  	
  -

  	
   

  	
  Existing Investments

  
	
  Schedule 6.16

  	
   

  	
  -

  	
   

  	
  Post-Closing Deliveries

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Exhibits

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Exhibit A

  	
   

  	
  -

  	
   

  	
  Form of Assignment and Acceptance

  
	
  Exhibit B-1

  	
   

  	
  -

  	
   

  	
  Form of Revolving Credit Note

  
	
  Exhibit B-2

  	
   

  	
  -

  	
   

  	
  Form of Tranche (A) (Euro) Term Loan Note

  
	
  Exhibit B-3

  	
   

  	
  -

  	
   

  	
  Form of Tranche B Term Loan Note

  
	
  Exhibit C

  	
   

  	
  -

  	
   

  	
  Form of Notice of Borrowing

  
	
  Exhibit D

  	
   

  	
  -

  	
   

  	
  Form of Letter of Credit Request

  
	
  Exhibit E

  	
   

  	
  -

  	
   

  	
  Form of Notice of Conversion or Continuation

  
	
  Exhibit F

  	
   

  	
  -

  	
   

  	
  Form of Opinion of Counsel for the Loan Parties

  
	
  Exhibit G

  	
   

  	
  -

  	
   

  	
  Form of Guaranty

  
	
  Exhibit H

  	
   

  	
  -

  	
   

  	
  Form of Security Agreement

  
	
  Exhibit I

  	
   

  	
  -

  	
   

  	
  Form of Compliance Certificate

  
	
  Exhibit J

  	
   

  	
  -

  	
   

  	
  Form of Notice of Optional Prepayment

  

 

 v

AMENDED
AND RESTATED CREDIT AGREEMENT, dated as of May 9, 2007 (this “Agreement”), among MERISANT COMPANY, a Delaware corporation
(the “Borrower or “Merisant Company”),
MERISANT WORLDWIDE, INC., a Delaware corporation (“Holdings” or “Merisant Worldwide”),
the Lenders (as defined below), the Issuers (as defined below), CREDIT SUISSE,
as administrative agent for the Lenders and the Issuers (in such capacity, the “Administrative Agent”) and as collateral
agent for the Lenders and Issuers (in such capacity, the “Collateral
Agent”) and CREDIT SUISSE SECURITIES (USA) LLC and JEFFERIES FINANCE
LLC as co-arrangers (collectively, in such capacities, the “Arrangers”) CREDIT SUISSE SECURITIES (USA)
LLC, as bookrunner and JEFFERIES FINANCE LLC, as documentation agent.

ARTICLE 1

DEFINITIONS, INTERPRETATION AND ACCOUNTING TERMS

1.1           Defined Terms.  As used in this Agreement, the following
terms have the following meanings (such meanings to be equally applicable to
both the singular and plural forms of the terms defined):

“Additional Tranche B Term
Loan”  has the meaning set
forth in Section 2.1(c).

“Additional Tranche B Term Loan Commitment” means, with
respect to each Tranche B Term Loan Lender, the commitment of such Lender to
make Additional Tranche B Term Loans hereunder on the Amendment Closing Date to
the Borrower in the aggregate principal amount outstanding not to exceed the
amount set forth opposite such Lender’s name on Schedule I under the caption “Additional
Tranche B Term Loan Commitment” as such amount may be reduced pursuant to this
agreement.

“Administrative
Agent” has the meaning specified in the preamble to this Agreement.

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

“Affiliate”
means, with respect to any Person, any other Person that, directly or
indirectly, is in control of, is controlled by, or is under common control
with, such Person.  For purposes of this
definition, “control” of a Person means the power, directly or indirectly, either
to (a) vote 10% or more of the securities having ordinary voting power for the
election of directors (or persons performing similar functions) of such Person,
or (b) direct or cause the direction of the management and policies of such
Person, whether by contract or otherwise.

“Agreement”
has the meaning specified in the preamble to this Agreement.

“Agreement Currency”
has the meaning specified in Section 9.12(b).

“Amendment Closing Date” means the date
(which shall be a Business Day) of the execution and delivery of this Agreement
and the delivery of definitive documentation for all Loans hereunder and
satisfaction or waiver of conditions to the availability thereof set forth
herein.

“Applicable
Currency” means (a) euro in the case of Euro Loans or Reimbursement
Obligations in respect of Letters of Credit (Euro) or interest thereon or (b)
Dollars in the case of all other Loans, Reimbursement Obligations or other
Obligations.

“Applicable
Currency Denomination” means (a) in the case of any Euro Loan,
€1,000,000 or an integral multiple of €1,000,000 in excess thereof, (b) in the
case of any LIBO Rate Dollar Loan, $1,000,000 or an integral multiple of
$1,000,000 in excess thereof or (c) in the case of any Base Rate Loan,
$1,000,000 or an integral multiple of $1,000,000 in excess thereof.

“Applicable Lender”
has the meaning specified in Section 9.12(b).

“Applicable Lending
Office” means, with respect to each Lender, its Domestic Lending
Office in the case of a Base Rate Loan, and its LIBOR Lending Office in the
case of a LIBO Rate Loan.

“Applicable Margin”
means: (a) in the case of Tranche A (Euro) Term Loans and Tranche B Term Loans,
(i) 3.50% per annum with respect to LIBO Rate Loans and (ii) 2.50% per annum
with respect to Base Rate Loans and (b) in the case of Revolving Loans and
Swing Line Loans (for Base Rate Loans only), a per annum rate equal to the rate
set forth below:

	
  Consolidated
  First

  	
   

  	
  Applicable Margin for 

  Revolving Loans 

  and Swing Loans

  	
   

  
	
  Lien Leverage
 Ratio

  	
   

  	
  LIBO Rate

  Loans

  	
   

  	
  Base Rate

  Loans

  	
   

  
	
  Greater than
  3.00x

  	
   

  	
  4.00

  	
  %

  	
  2.75

  	
  %

  
	
  Equal to or less than
  3.00x

  	
   

  	
  3.50

  	
  %

  	
  2.50

  	
  %

  

 

 2
 

“Applicable Unused
Commitment Fee Rate” means as of any date of determination, a per
annum rate equal to the rate set forth below opposite the then applicable
Consolidated Leverage Ratio (determined for the period ending on the last day
of the most recent Fiscal Quarter or Fiscal Year, as applicable, for which
Financial Statements have been delivered pursuant to Section 5.1(a) or (b)) set
forth below:

	
  Consolidated Leverage Ratio

  	
   

  	
  Applicable Unused

  Commitment Fee Rate

  	
   

  
	
  Greater than or
  equal to 4.5x

  	
   

  	
  0.75

  	
  %

  
	
  Less than 4.5x
  but greater than or equal to 4x

  	
   

  	
  0.50

  	
  %

  
	
  Less than 4x but
  greater than or equal to 3.5x

  	
   

  	
  0.50

  	
  %

  
	
  Less than 3.5x

  	
   

  	
  0.50

  	
  %

  

 

Changes in the Applicable
Unused Commitment Fee Rate resulting from changes in the Consolidated Leverage
Ratio shall become effective on the date that is 3 Business Days after the date
on which Financial Statements are delivered to the Lenders pursuant to Section
5.1(a) or (b) of this Agreement and shall remain in effect until the next
change to be effected pursuant to this paragraph.  Notwithstanding anything to the contrary set
forth in this Agreement (including the then effective Leverage Ratio), (i) if
any financial statements referred to above are not delivered within the time
periods specified in Section 5.1(a) or (b) of this Agreement, then the
Applicable Unused Commitment Fee Rate from and including the date on which such
respective financial statements were so required to be delivered to but not
including the date that is 3 Business Days after the date on which such
financial statements are delivered, shall equal the highest Applicable Unused Commitment
Fee Rate set forth in the above chart; and (ii)upon notice to the Borrower by
the Requisite Revolving Credit Lenders while an Event of Default shall have
occurred and be continuing, the Applicable Unused Commitment Fee Rate shall
equal the highest rate set forth in the above chart.  Each determination of the Consolidated
Leverage Ratio pursuant to the above chart shall be made in a manner consistent
with the determination thereof pursuant to 6.1(a) of this Agreement.

“Appointment Letter”
means the Co-Arranger and Documentation Appointment Letter, dated April 17,
2007, as may be amended or otherwise modified from time to time, addressed to
Credit Suisse Securities (USA) LLC, Credit Suisse, Merisant Worldwide and
Merisant Company from Jefferies Finance LLC, as a Co-Arranger and the
Documentation Agent with respect to the appointment of Jefferies Finance LLC as
a Co-Arranger and the Documentation Agent to arrange the transactions
contemplated by this Agreement.

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

“Arrangers”
has the meaning specified in the preamble.

 3
 

“Asset Sale”
means any Disposition of property or series of related Dispositions of property
(excluding any Disposition permitted by clause (a), (b), (c), (d), (f) or (g)
of Section 6.5 but including any Disposition permitted by clause (e) of Section
6.5) that yields gross proceeds to Holdings, the Borrower or any of its
Subsidiaries (valued at the initial principal amount thereof in the case of
non-cash proceeds consisting of notes or other debt securities and valued at
fair market value in the case of other non-cash proceeds) in excess of
$1,000,000 individually for such Disposition of property or series of related
Dispositions.

“Assignment and
Acceptance” means an assignment and acceptance entered into by a
Lender and an assignee, and accepted by the Administrative Agent, in
substantially the form of Exhibit A.

“Available Credit”
means, at any time, an amount equal to (a) the Available Revolving Credit
Commitments effective at such time minus (b) the aggregate Revolving Credit
Outstandings at such time.

“Available Euro
Credit” means, at any time, an amount equal to the lesser of (x) the
Available Credit at such time and (y) the excess, if any, of (a) $15,000,000
over (b) the aggregate Revolving Credit Euro Outstandings at such time.

“Available
Revolving Credit Commitments” means, at any time, (i) the aggregate
Revolving Credit Commitments effective at such time minus (ii) the aggregate
outstanding potential liability of the Borrower under any Foreign Overdraft
Guaranty at such time.

“Base Rate”
means, for any day, an alternate base rate calculated as a fluctuating rate per
annum as shall be in effect from time to time, equal to the greater of:

(a)           Prime Rate in effect on such day; and

(b)           the sum of (i) 0.5% per annum plus (ii) the Federal Funds Effective Rate
on such day.

As used in this
definition, the term “Prime Rate” means the rate of interest per annum
announced from time to time by the Administrative Agent as its prime rate in
effect at its principal office in New York City.  The parties hereto acknowledge that the Prime
Rate is an index or base rate and shall not necessarily be the lowest or best
rate charged by Credit Suisse to its customers or other banks.  If for any reason the Administrative Agent
shall have determined (which determination shall be conclusive absent manifest
error) that it is unable to ascertain the Federal Funds Effective Rate, for any
reason, including the inability or failure of the Administrative Agent to
obtain sufficient quotation in accordance with the terms hereof, the Base Rate
shall be determined without regard to clause (b) above until the circumstances
giving rise to such 

 4
 

inability no longer
exist.  Any change in the Base Rate due
to a change in the Prime Rate or the Federal Funds Effective Rate shall be
effective as of the effective day of such change in the Prime Rate or the Federal
Funds Effective Rate, respectively.

“Base Rate Loan”
means any Loan during any period in which it bears interest based on the Base
Rate.

“Borrowing”
means a borrowing consisting of Loans made in the same currency on the same day
by the Lenders ratably according to their respective Commitments. A Borrowing
may be a Revolving Credit Borrowing, a Tranche A (Euro) Term Loan Borrowing, a
Tranche B Term Loan Borrowing or a Swing Line Loan Borrowing.

“Business Day”
means a day of the year that is:  (a) a day
on which banks are not required or authorized to close in New York City; and
(b) with respect to any Loan denominated in euro, in the case of (i) payments
or purchases of euro, a TARGET Business Day and (ii) all other purposes,
including the giving and receiving of notices, a TARGET Business Day on which
banks are generally open for business in London, England, Frankfurt, Germany
and any other principal financial center as the Administrative Agent may from
time to time determine for this purpose; and (c) with respect to all notices
(except with respect to general matters not relating directly to funding),
determinations and fundings in connection with, and payments of principal and
interest on, LIBO Rate Loans, a day for trading by and between banks in deposits
of the Applicable Currency for such Loans in the London interbank market.  For purposes of this definition, a “TARGET Business Day” is a day when the
Trans-European Automated Real-time Gross Settlement Express Transfer System, or
any successor thereto, is scheduled to be open for business.

“Capital
Expenditures” means, for any period, with respect to any Person, the
aggregate of all expenditures by such Person and its Subsidiaries for the
acquisition or leasing (pursuant to a capital lease) of fixed or capital assets
or additions to equipment (including replacements, capitalized repairs and
improvements during such period) that are required to be capitalized under GAAP
on a consolidated balance sheet of such Person and its Subsidiaries, excluding,
without duplication, any such expenditures to the extent constituting (a)
expenditures of insurance proceeds to acquire or repair any asset after a
Recovery Event with respect to such asset, (b) leasehold improvement
expenditures for which the Borrower or a Subsidiary is reimbursed by the
lessor, sublessor or sublessee, (c) expenditures made with the proceeds of any
Reinvestment Deferred Amount and (d) with respect to any Investment permitted
under Section 6.8(h), without duplication, (i) the purchase price of such
Investment or (ii) any capital expenditures expended by the seller or entity to
be acquired in connection with such Investment prior to the date of such
Investment.

“Capital Lease
Obligations” means, as to any Person, the obligations of such Person
to pay rent or other amounts under any lease of (or other arrangement conveying
the right to use) real or personal property, or a combination thereof, which
obligations are required to be 

 5
 

classified and accounted
for as capital leases on a balance sheet of such Person under GAAP and, for the
purposes of this Agreement, the amount of such obligations at any time shall be
the capitalized amount thereof at such time determined in accordance with GAAP.

“Capital Stock”
means, with respect to any Person, any Stock or Stock Equivalents of such
Person.

“Cash Collateral
Account” has the meaning specified in the Security Agreement.

“Cash Equivalents”
means (a) marketable direct obligations issued by, or unconditionally
guaranteed by, the United States or issued by any agency thereof and backed by
the full faith and credit of the United States, in each case maturing within
one year after the date of acquisition thereof; (b) certificates of deposit,
time deposits, eurodollar time deposits or overnight bank deposits having
maturities of six months or less after the date of acquisition thereof issued
by any Lender or by any commercial bank organized under the laws of the United
States or any state thereof having combined capital and surplus of not less
than $500,000,000; (c) commercial paper of an issuer rated at least A-1 by
S&P or P-1 by Moody’s, or carrying an equivalent rating by a nationally
recognized rating agency, if both of the two named rating agencies cease
publishing ratings of commercial paper issuers generally, and maturing within
six months after the date of acquisition thereof; (d) repurchase obligations of
any Lender or of any commercial bank satisfying the requirements of clause (b)
of this definition, having a term of not more than 30 days, with respect to
securities issued or fully guaranteed or insured by the United States; (e)
securities with maturities of one year or less after the date of acquisition
thereof 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, the securities
of which state, commonwealth, territory, political subdivision, taxing
authority or foreign government (as the case may be) are rated at least A by
S&P or A by Moody’s; (f) securities with maturities of six months or less
after the date of acquisition thereof backed by standby letters of credit
issued by any Lender or any commercial bank satisfying the requirements of
clause (b) of this definition; or (g) shares of money market mutual or similar
funds which invest exclusively in assets satisfying the requirements of clauses
(a) through (f) of this definition.

“Closing Date”
means July 11, 2003.

“Code”
means the Internal Revenue Code of 1986 (or any successor legislation thereto),
as amended from time to time.

“Collateral”
means all property and interests in property and proceeds thereof now owned or
hereafter acquired by any Loan Party in or upon which a Lien is granted under
any of the Collateral Documents.

 6
 

“Collateral Agent”
has the meaning specified in the preamble to this agreement.

“Collateral
Documents” means the Security Agreement, the Mortgages, the Deposit
Account Control Agreements and Securities Account Control Agreements (each as
defined in the Security Agreement), the Deed of Pledge and any other pledge,
security agreement or other document executed and delivered by a Loan Party
granting a Lien on any of its property to secure payment of the Secured
Obligations.

“Commitment”
means with respect to any Lender, such Lender’s Revolving Credit Commitment, if
any, Tranche A (Euro) Term Loan Commitment, if any, or Tranche B Term Loan
Commitment, if any, and “Commitments” means the aggregate Revolving Credit
Commitments, Tranche A (Euro) Term Loan Commitments and the Tranche B Term Loan
Commitments of all Lenders.

“Compliance
Certificate” means a certificate duly executed by a Responsible
Officer substantially in the form of Exhibit I.

“Confidential
Information Memorandum” means collectively, (a) the Confidential
Information Memorandum (Private Version) dated April 17, 2007 and (b) the
Confidential Information Memorandum (Public Version) dated April 17, 2007, in
each case furnished to certain of the Lenders who have elected to receive such
Confidential Information Memorandum.

“Consolidated
Current Assets” means, at any date, 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 Borrower and its Subsidiaries at such date.

“Consolidated
Current Liabilities” means, at any date, 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
Borrower and its Subsidiaries at such date, but excluding (a) the principal
amount of the current portion of any Funded Debt of the Borrower and its
Subsidiaries and (b) without duplication of clause (a) above, all Indebtedness
consisting of Revolving Loans or Swing Line Loans to the extent otherwise
included therein.

“Consolidated
EBITDA” means, for any period, Consolidated Net Income for such
period plus, without duplication and to the extent reflected as a charge in the
statement of such Consolidated Net Income for such period, the sum of (a)  income tax expense, including, without
limitation, any expense associated with a gross receipts tax applicable to the
Borrower or any of its Subsidiaries, (b) 
Consolidated Interest Expense, (c) 
depreciation and amortization expense, (d)  amortization of intangibles (including
goodwill) and organization costs, (e) 
any extraordinary, unusual or non-recurring non-cash expenses or losses
(including non-cash losses 

 7
 

on sales of assets
outside of the ordinary course of business), (f) non-cash contributions and
other non-cash compensation expense, (g) 
non-cash losses attributable to equity in non-consolidated Subsidiaries,
(h)  transaction costs associated with
(x) the Recapitalization which are expensed and not amortized (y) the (i)
negotiation, execution and closing and (ii) repayment of the Prior Second Lien
Credit Facility and (z) the amendment and restatement of this Agreement on the
Amendment Closing Date, (i) any non-cash foreign currency translation
adjustments, (j) any extraordinary or non-recurring cash losses or expenses
arising from restructuring not to exceed in the aggregate since October 1, 2002
(A) if such period ends prior to January 1, 2004, $8,600,000, (B) if such
period begins on or after January 1, 2004 and such period ends prior to January
1, 2006, $14,600,000, (C) if such period begins on or after January 1, 2006,
$11,000,000 with respect to any such non-recurring cash losses or expenses
arising from the implementation of the Borrower’s plan known as “Project Arrow”
and related restructuring, $4,000,000 with respect to any such non-recurring
cash losses or expenses arising from the transition from H.J. Heinz Company to
ACH Food Companies, Inc. as exclusive distributor to Borrower and its
Subsidiaries in the United States, (k) litigation expenses of the Borrower, for
the period beginning on January 1, 2007 and ending on December 31, 2007, not to
exceed in the aggregate $4,000,000 in its lawsuit against McNeil Nutritionals,
LLC and McNeil-PPC, Inc., wholly owned subsidiaries of Johnson & Johnson
before the U.S. District Court for the Eastern District of Pennsylvania (Civil
Action No. 04-cv-5504) (l) any cash expenses incurred in connection with any
waiver of a Default or Event of Default and any amendment to this Agreement
(including any predecessor agreement hereto), including the fees and expenses
of any attorneys and financial advisers retained by the Administrative Agent
pursuant to Section 9.3 hereof with respect to any such waiver or amendment,
(m) any cash (i) IDS Transaction Expenses not to exceed in the aggregate since
January 1, 2004 (x) if such period ends prior to November 1, 2004, $500,000 or
(y) if such period ends on or after November 1, 2004, $4,500,000, and (ii)
transaction expenses incurred by the Borrower associated with the Third
Amendment to Credit Agreement, (n) any other non-cash charges, including (in
case of clauses (e), (f), (g), (i) or (p)) charges representing either (x)
accruals of or reserves for cash expenditures in a future period or (y)
amortization of prepaid items paid in cash in a prior period, (o) charges
arising from (x) write-offs or write-downs of obsolete or slow-moving
inventory, or (y) write-offs of account receivables or indebtedness including,
without limitation, any such charges resulting from the insolvency or
receivership proceedings of Food Brokers Limited or Winn-Dixie Stores, Inc.,
all such charges under clauses (x) and (y) not to exceed $5,000,000 in the
aggregate since September 30, 2004 and (p) expenses incurred by the Borrower or
any Subsidiary prior to January 1, 2009 in connection with the development and
commercialization of the all-natural, zero-calorie sweetener to be marketed
under the Sweet Simplicity® trademark, in an amount not to exceed in the
aggregate $15,000,000,  minus, to the
extent included in the statement of such Consolidated Net Income for such
period, the sum of (a) any extraordinary, unusual or non-recurring income or
gains (including, whether or not otherwise includable as a separate item in the
statement of such Consolidated Net Income for such period, gains on the sales
of assets outside of the ordinary course of business), (b) non-cash gains
related to employee compensation, (c) any other non-cash income, all as
determined on a consolidated basis, and (d) cash expenditures for (x)
previously accrued or reserved charges or (y) prepaid items to be amortized in
future periods.  For the purposes of
calculating Consolidated EBITDA for any period of four consecutive Fiscal
Quarters (each, a “Reference Period”) pursuant to any determination of the
Consolidated Leverage Ratio, (i) if at any time during such Reference Period
the Borrower or 

 8
 

any Subsidiary shall have
made any Material Disposition, the Consolidated EBITDA for such Reference
Period shall be reduced by an amount equal to the Consolidated EBITDA (if
positive) attributable to the property that is the subject of such Material
Disposition for such Reference Period or increased by an amount equal to the
Consolidated EBITDA (if negative) attributable thereto for such Reference
Period and (ii)  if during such Reference
Period the Borrower or any Subsidiary shall have made a Material Acquisition,
Consolidated EBITDA for such Reference Period shall be calculated after giving
pro forma effect thereto as if such Material Acquisition occurred on the first
day of such Reference Period.  As used in
this definition, “Material Acquisition” means any acquisition of property or
series of related acquisitions of property (including by way of a merger or
consolidation) that (a)  constitutes
assets comprising all or substantially all of an operating unit of a business
or constitutes all or substantially all of the common stock of a Person and
(b)  involves the payment of
consideration by the Borrower and its Subsidiaries in excess of $10,000,000;
and “Material Disposition” means any Disposition of property or series of
related Dispositions of property that yields gross proceeds to the Borrower or
any of its Subsidiaries in excess of $10,000,000.

“Consolidated First
Lien Leverage Ratio” means, as at the last day of any Fiscal
Quarter, the ratio of (a) Consolidated Total First Lien Debt on such day to (b)
Consolidated EBITDA for the four consecutive Fiscal Quarters ending on such
day.

“Consolidated
Interest Coverage Ratio” means, for any period, the ratio of (a)
Consolidated EBITDA for such period to (b) Consolidated Interest Expense for
such period.

“Consolidated
Interest Expense” means, for any period:

(a)           total cash interest expense
(including that attributable to Capital Lease Obligations) for such period
(including all commissions, discounts and other fees and charges associated
with Indebtedness (including the Loans) or owed with respect to letters of
credit and bankers’ acceptance financing); minus

(b)           any cash interest income for such
period, all determined for the Borrower and its Subsidiaries on a consolidated
basis in conformity with GAAP.

“Consolidated Lease
Expense” means, for any period, the aggregate amount of fixed and
contingent rentals payable by the Borrower and its Subsidiaries for such period
with respect to leases of real and personal property, determined on a
consolidated basis in accordance with GAAP.

“Consolidated
Leverage Ratio” means, as at the last day of any period, the ratio
of (a) Consolidated Total Debt on such day to (b) Consolidated EBITDA for such
period.

 9
 

“Consolidated Net
Income” means, for any period, the consolidated net income (or loss)
of the Borrower and its Subsidiaries, determined on a consolidated basis in
accordance with GAAP; provided
that there shall be excluded (a) the income (or loss) of any Person accrued
prior to the date it becomes a Subsidiary of the Borrower or is merged into or
consolidated with the Borrower or any of its Subsidiaries or such Person is
acquired in a pooling of interests transaction, (b) the income (or loss) of any
Person (other than a Subsidiary of the Borrower whose net income is
consolidated into the net income of the Borrower in accordance with GAAP) in
which the Borrower or any of its Subsidiaries has an ownership interest, except
to the extent that any such income is actually received by the Borrower or such
Subsidiary in the form of dividends or similar distributions, (c) the net
income of any Subsidiary of the Borrower to the extent that the declaration or
payment of dividends or similar distributions by such Subsidiary is at the time
restricted or not permitted by the terms of any Contractual Obligation (other
than under any Loan Document) or Requirement of Law applicable to such
Subsidiary except to the extent any such income is actually received by the
Borrower or such Subsidiary in the form of dividends or similar distributions,
and (d) any one-time increase or decrease to net income which is required to be
recorded because of the adoption of new accounting policies, practices or
standards required by GAAP.

“Consolidated Total
Debt” means, at any date, the aggregate principal amount of all
Indebtedness of the Borrower and its Subsidiaries at such date, determined on a
consolidated basis in accordance with GAAP.

“Consolidated Total
First Lien Debt” means, at any date, the aggregate principal amount
of all outstanding Tranche A (Euro) Term Loans, plus the aggregate principal amount of all outstanding
Tranche B Term Loans, plus the
aggregate Revolving Credit Commitments (solely to the extent Revolving Loans
are outstanding).

“Consolidated Total
Senior Debt” means, at any date, the aggregate principal amount of
all Indebtedness of the Borrower and its Subsidiaries at such date (excluding
the Indebtedness in respect of the Senior Subordinated Notes, the Senior
Subordinated Discount Notes and any other Indebtedness of obligors which are
Loan Parties and that, as to each obligor thereon, is subordinated and junior
in right of payment to the Secured Obligations of such obligor to the same or
greater extent as the obligations of such obligor with respect to the Senior
Subordinated Notes are so subordinated and junior in right of payment, as
determined by the Administrative Agent in the exercise of its reasonable
discretion), all as determined on a consolidated basis in accordance with GAAP.

“Consolidated
Working Capital” means, at any date, the excess of Consolidated
Current Assets on such date over
Consolidated Current Liabilities on such date.

“Constituent
Documents” means, with respect to any Person, (a) the articles of
incorporation, certificate of incorporation or certificate of formation (or the
equivalent organizational documents) of such Person, (b) the by-laws (or the
equivalent governing 

 10
 

documents) of such Person
and (c) any document setting forth the manner of election and duties of the
directors or managing members of such Person (if any) and the designation,
amount or relative rights, limitations and preferences of any class or series
of such Person’s Stock.

“Continuing
Directors” means (a) prior to the date of the Permitted Merger, the
directors of Merisant Worldwide on the Formation Date and each other director,
if, in each case, such other director’s nomination for election to the board of
directors of Merisant Worldwide is recommended by at least 66 2⁄3%
(exclusive of the effect of any ownership by the Permitted Noteholder
Investors) of the then Continuing Directors or such other director receives the
vote of the LLC or the Permitted Investors, if applicable, in his or her
election by the shareholders of Merisant Worldwide or (b) on or after the date
of the Permitted Merger, the directors who were identified as Continuing Directors
pursuant to clause (a) above on the date immediately prior to the Permitted
Merger and each other director, if, in each case, such director’s nomination
for the election to the board of directors of the Surviving Entity is
recommended by at least 662⁄3% (exclusive of the effect of any ownership by
the Permitted Noteholder Investors) of the then Continuing Directors or such
other director receives the vote of the LLC or the Permitted Investors, if
applicable, in his or her election by the shareholders of the then Surviving
Entity.

“Contractual
Obligation” of any Person means any obligation, agreement,
undertaking or similar provision of any Security issued by such Person or of
any agreement, undertaking, contract, lease, indenture, mortgage, deed of trust
or other instrument (excluding a Loan Document) to which such Person is a party
or by which it or any of its property is bound or to which any of its
properties is subject.

“Control Investment
Affiliate” means as to any Person, any other Person that (a) directly
or indirectly, is in control of, is controlled by, or is under common control
with, such Person and (b) is organized by such Person primarily for the purpose
of making equity or debt investments in one or more companies.  For purposes of this definition, “control” of
a Person means the power, directly or indirectly, to direct or cause the
direction of the management and policies of such Person whether by contract or
otherwise.

“Corporate Chart”
means a corporate organizational chart, list or other similar document in each
case in form reasonably acceptable to the Administrative Agent and setting
forth, for each Person that is a Loan Party, that is subject to Section 5.9 or
that is a Subsidiary of any Loan Party, (a) the full legal name of such Person
(and any trade name, fictitious name or other name such Person may have had or
operated under), (b) the jurisdiction of organization, the organizational
number (if any) and the tax identification number (if any) of such Person, (c)
the location of such Person’s chief executive office (or sole place of
business) and (d) the number of shares of each class of such Person’s Stock
authorized (if applicable), the number outstanding as of the date of delivery
and the number and percentage of such outstanding shares for each such class
owned (directly or indirectly) by any Loan Party or any Subsidiary of any Loan
Party.

 11
 

“Credit Suisse”
means Credit Suisse acting through one or more of its branches or affiliates.

“Cure Amount”
has the meaning specified in Section 6.1(d).

“Cure Right” has
the meaning specified in Section 6.1(d).

“Debt Issuance”
means the incurrence of Indebtedness by Holdings, the Borrower or any of its
Subsidiaries (other than any Indebtedness incurred in accordance with Section
6.2).

“Deed of Pledge”
means that certain deed of pledge, dated as of July 11, 2003 among MFH in favor
of the Administrative Agent.

“Default”
means any event which with the passing of time or the giving of notice or both
would become an Event of Default.

“Disclosure
Documents” means the Confidential Information Memorandum and related
materials.

“Disposition”
means, with respect to any property, (a) any sale, lease, sale and leaseback,
assignment, conveyance, transfer or other disposition (including by way of a
merger or consolidation) of such property or any interest therein (including
the sale or factoring at maturity or collection of any accounts but excluding
the granting in the ordinary course of business of nonexclusive licenses of
Intellectual Property of the Borrower and its Subsidiaries in respect of which
neither the Borrower nor any Subsidiary is to receive any monetary
consideration) or (b) permitting or suffering any other Person to acquire any
interest (other than a Lien permitted under Section 6.3) in such property.  The terms “Dispose”
and “Disposed of” shall have
correlative meanings.

“Disqualified
Capital Stock” means, with respect to any Person, any Capital Stock
which by its terms (or by the terms of any security into which it is
convertible or for which it is exchangeable at the option of the holder) or
upon the happening of any event:  (a)
matures or is mandatorily redeemable (other than redeemable only for Capital
Stock of such Person which is not itself Disqualified Capital Stock) pursuant
to a sinking fund obligation or otherwise; (b) is convertible or exchangeable
at the option of the holder for Indebtedness or Disqualified Capital Stock; or
(c) is mandatorily redeemable or must be purchased upon the occurrence of
certain events or otherwise, in whole or in part, in each case on or prior to
the date that is 272 days after the latest of the Scheduled Termination Date,
the Tranche A (Euro) Term Loan Maturity Date and the Tranche B Term Loan
Maturity Date; provided, however,
that any Capital Stock that would not constitute Disqualified Capital Stock but
for provisions thereof giving holders thereof the right to require such Person
to purchase or redeem such Capital Stock upon the occurrence of 

 12
 

an “asset sale” or “change
of control” occurring prior to the date which is seventeen (17) months after
the latest of the Scheduled Termination Date, the Tranche A (Euro) Term Loan
Maturity Date and the Tranche B Term Loan Maturity Date shall not constitute
Disqualified Capital Stock if (i) such “asset sale” or “change of control”
provisions applicable to such Capital Stock are not more favorable to the
holders of such Capital Stock than the terms applicable to the Loan Documents
and described under Sections 6.4, 6.5 and 7.1(k) and (l), and (ii) any such
requirement only becomes operative after compliance with such terms applicable
to the Loan Documents, including the issuance of any Indebtedness thereunder.

“Documentary Letter
of Credit” means any Letter of Credit intended to be drawn upon
presentation of documents evidencing the sale or shipment of goods purchased by
the Borrower or any of its Subsidiaries in the ordinary course of its business.

“Dollar Equivalent”
means, at the time of determination thereof, (a) in relation to any amount
denominated in euro, the equivalent of such amount in Dollars determined by
using the rate of exchange indicated for the purchase of Dollars with euro on
the Bloomberg Key Cross Currency Rates screen at 11:00 a.m. (New York City
time) on the most recent Valuation Date; or (b) in relation to any amount
denominated in Dollars, the amount thereof.

“Dollar Loan”
means a Loan denominated in Dollars.

“Dollars”
and the sign “$” each mean the
lawful money of the United States of America.

“Domestic Lending
Office” means, with respect to any Lender, the office of such Lender
specified as its “Domestic Lending Office” opposite its name on Schedule II or
on the Assignment and Acceptance by which it became a Lender or such other
office of such Lender as such Lender may from time to time specify to the Borrower
and the Administrative Agent.

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

“Engagement Letter”
means the Engagement Letter, dated April 5, 2007, as may be amended or modified
from time to time, addressed to Merisant Worldwide and Merisant Company from
Credit Suisse Securities (USA) LLC, as an Arranger and the Administrative Agent
with respect to the engagement of Credit Suisse Securities (USA) LLC as an
Arranger and the Administrative Agent to arrange the transactions contemplated
by this Agreement.

“Environmental Laws”
means any and all foreign, Federal, state, local or municipal laws, rules,
orders, regulations, statutes, ordinances, codes, decrees, requirements of any
Governmental Authority or other Requirements of Law (including common law)
regulating, 

 13
 

relating to or imposing
liability or standards of conduct concerning protection of human health or the
environment.

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

“Equity Issuance”
means the issue or sale of any Capital Stock of Holdings, the Borrower or any
of the Subsidiaries of the Borrower by Holdings, the Borrower or any of the
Subsidiaries of the Borrower to any Person or any contribution by any Person to
the capital of Holdings, the Borrower or any of its Subsidiaries other than:

(i)            prior to the Permitted Merger any
issuance or sale of Capital Stock of Merisant Company to (or capital
contribution in respect thereof to Merisant Company by) Merisant Worldwide;

(ii)           any issuance or sale of Capital Stock
of any Subsidiary of the Borrower to (or capital contribution in respect
thereof to such Subsidiary by) the Borrower or any Subsidiary of the Borrower
to the extent permitted by Section 6.5;

(iii)          any Capital Stock of Merisant
Worldwide issued (A) upon exercise of options in respect of the Stock of
Merisant Worldwide held by directors, officers and employees of Merisant
Worldwide, the Merisant Company and its Subsidiaries or (B) to management of
Merisant Company or any of its Subsidiaries;

(iv)          upon or after the Permitted Merger
where Merisant Worldwide is the Surviving Entity, any Capital Stock of Merisant
Worldwide issued (A) upon exercise of options in respect of the Stock of
Merisant Worldwide held by directors, officers and employees of Merisant
Worldwide and its Subsidiaries or (B) to management of Merisant Worldwide or
any of its Subsidiaries; or

(v)           upon or after the Permitted Merger
where Merisant Company is the Surviving Entity, any Capital Stock of Merisant
Company issued (A) upon exercise of options in respect of the Stock of Merisant
Company held by directors, 

 14
 

officers
and employees of Merisant Company and its Subsidiaries or (B) to management of
Merisant Company or any of its Subsidiaries

 “ERISA” means the Employee Retirement
Income Security Act of 1974 (or any successor legislation thereto), as amended
from time to time, and the regulations promulgated hereunder.

“ERISA Affiliate”
means any trade or business (whether or not incorporated) under common control
which, together with the Borrower or any of its Subsidiaries, is or is treated
as a single employer within the meaning of Section 414 (b) or (c) of the Code.

“euro”
and the sign “€” each mean the
lawful money of the participating member states of the European Union.

“Euro Loan”
means any Revolving Euro Loan and any Tranche A (Euro) Term Loan.

“Eurocurrency
Liabilities” has the meaning specified in Regulation D of the
Federal Reserve Board, as in effect from time to time.

“Event of Default”
has the meaning specified in Article 7.

“Excess Cash Flow”
means, for any Fiscal Year of the Borrower, the excess, if any, of (a) the sum,
without duplication, of (i) Consolidated Net Income for such Fiscal Year, (ii)
an amount equal to the amount of all non-cash charges (including depreciation
and amortization) deducted in arriving at such Consolidated Net Income, (iii)
the excess, if any, of Consolidated Working Capital at the beginning of such
Fiscal Year over the Consolidated Working Capital at the end of such Fiscal
Year, and (iv) an amount equal to the aggregate net non-cash loss on the
Disposition of property by the Borrower and its Subsidiaries during such Fiscal
Year (other than sales of inventory 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, (ii) the aggregate amount actually paid by the
Borrower and its Subsidiaries in cash during such Fiscal Year on account of
Capital Expenditures to the extent such Capital Expenditures are permitted by
this Agreement (excluding the principal amount of Indebtedness incurred in
connection with such expenditures), (iii) the aggregate amount of (x) all cash
principal prepayments of Revolving Loans and Swing Line Loans during such
Fiscal Year to the extent accompanying permanent optional reductions of the
Revolving Credit Commitments pursuant to Section 2.5(a), (y) all optional cash
principal prepayments of the Term Loans pursuant to Section 2.8(b) during such
Fiscal Year and (z) all mandatory cash principal payments of Funded Debt
(including the Term Loans) of the Borrower and its Subsidiaries made during
such Fiscal Year as the result of receipt 

 15
 

of (1) cash proceeds of
an Asset Sale during such Fiscal Year to the extent of net cash gain deriving
from such Asset Sale included in arriving at such Consolidated Net Income or
(2) cash payments on the SwissCo Intercompany Note during such Fiscal Year to
the extent of cash credits of SwissCo 2 and its Subsidiaries during such Fiscal
Year included in arriving at such Consolidated Net Income, (iv) the aggregate
amount of all regularly scheduled cash principal payments of Funded Debt of the
Borrower and its Subsidiaries made during such Fiscal Year (other than in
respect of any revolving credit facility to the extent that there is not an
equivalent permanent reduction in commitments thereunder) to the extent such
Funded Debt and payments are permitted by this Agreement, (v) the excess, if
any, of Consolidated Working Capital at the end of such Fiscal Year over
Consolidated Working Capital at the beginning of such Fiscal Year, (vi) an
amount equal to the aggregate net non-cash gain on the Disposition of property
by the Borrower and its Subsidiaries during such Fiscal Year (other than sales
of inventory in the ordinary course of business), to the extent included in
arriving at such Consolidated Net Income and (vii) the aggregate amount of all
Investments permitted under Section 6.8(h) made in cash during such Fiscal
Year.

“Exchange Act”
means the Securities Exchange Act of 1934, as amended.

“Excluded Foreign
Subsidiary” means any Foreign Subsidiary (a) in respect of which
either (i) the pledge of all of the Stock of such Subsidiary as Collateral or
(ii) the guaranteeing by such Subsidiary of the Obligations, would, in the good
faith judgment of the Borrower, result in adverse tax consequences to the
Borrower and (b) which is not a party or subject to any Guaranty Obligation in
respect of any Indebtedness of any Loan Party.

“Executive Orders”
has the meaning set forth in Section 9.2(b).

“Existing Tranche B Term Loan Commitment”
means, with respect to each Tranche B Term Loan Lender, the commitment of such
Lender to make Existing Tranche B Term Loans to the Borrower in the aggregate
principal amount outstanding not to exceed the amount set forth opposite such
Lender’s name on Schedule I under the caption “Existing Tranche B Term Loan
Commitment” as such amount may be reduced pursuant to this Agreement.

“Existing Tranche B Term
Loans” has the meaning set forth in Section 2.1(c).

“Facilities”
means (a) the Tranche A (Euro) Term Loan Facility, (b) the Tranche B Term Loan
Facility and (c) the Revolving Credit Facility.

“Fair Market Value”
means (a) with respect to any asset or group of assets (other than a marketable
Security) at any date, the value of the consideration obtainable in a sale of
such asset at such date assuming a sale by a willing seller to a willing
purchaser dealing at arm’s length and arranged in an orderly manner over a
reasonable period of time having regard to the 

 16
 

nature and
characteristics of such asset, as reasonably determined by (i) management of
the Borrower or (ii) in respect of any asset or group of assets valued at more
than $20,000,000, by the board of directors of the Borrower, or, if such asset
shall have been the subject of a relatively contemporaneous appraisal by an
independent third party appraiser, the basic assumptions underlying which have
not materially changed since its date, the value set forth in such appraisal,
and (b) with respect to any marketable Security at any date, the closing sale
price of such Security on the Business Day next preceding such date, as
appearing in any published list of any national securities exchange or the
NASDAQ Stock Market or, if there is no such closing sale price of such
Security, the final price for the purchase of such Security at face value
quoted on such business day by a financial institution of recognized standing
which regularly deals in securities of such type selected by the Administrative
Agent.

“Federal Funds
Effective Rate” means, for any period, a fluctuating interest rate
per annum equal for each day during such period to the weighted average of the
rates on overnight Federal funds transactions with members of the Federal
Reserve System arranged by Federal funds brokers, as published for such day
(or, if such day is not a Business Day, for the next preceding Business Day) by
the Federal Reserve Bank of New York, or, if such rate is not so published for
any day which is a Business Day, the average of the quotations for such day on
such transactions received by the Administrative Agent from three Federal funds
brokers of recognized standing selected by it.

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

“Financial
Statements” means the financial statements of the Borrower and its
Subsidiaries delivered in accordance with Section 4.1 and Section 5.1.

“First-Tier
Excluded Subsidiary” means any Excluded Foreign Subsidiary of which
any shares of Stock are owned directly by Holdings, the Borrower or one or more
Included Subsidiaries.

“Fiscal Quarter”
means each of the three-month periods ending on March 31, June 30, September 30
and December 31.

“Fiscal Year”
means the twelve-month period ending on December 31.

“Foreign Overdraft
Guaranty” means any Guaranty Obligation of the Borrower with respect
to overdrafts by Excluded Foreign Subsidiaries with respect to deposit accounts
maintained outside the United States.

 17

“Foreign Required
Minority Shares” means Capital Stock of a Foreign Subsidiary that is
required by the applicable laws and regulations of such foreign jurisdiction to
be owned by the government of such foreign jurisdiction or individual or
corporate citizens of such foreign jurisdiction in order for such Foreign
Subsidiary to transact business in such foreign jurisdiction.

“Foreign Subsidiary”
means any Subsidiary of the Borrower that both (a) is not organized under the
laws of the United States, any state thereof or the District of Columbia and
(b) conducts substantially all of its business operations outside of the United
States.  For purposes of this definition,
“United States” excludes the Commonwealth of Puerto Rico so long as a
corporation formed under the laws of the Commonwealth of Puerto Rico is treated
as a foreign corporation under Section 7701 of the Code.

“Foreign Trademarks”
means the trademarks and the trademark license agreement with The NutraSweet
Company owned by SwissCo 2 and pledged by SwissCo 2 to the Borrower pursuant to
the SwissCo 2 Note Security Agreement to secure SwissCo 2’s obligations under
the SwissCo Intercompany Note.

“Formation Date”
means March 17, 2000, the date of original acquisition by Merisant Company of
its principal assets.

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

“Funded Debt”
means, as to any Person, all Indebtedness of such Person that matures more than
one year from the date of its creation or matures within one year from such
date but is renewable or extendible, 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 all current maturities and
current sinking fund payments in respect of such Indebtedness whether or not
required to be paid within one year from the date of its creation and, in the
case of the Borrower, 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 set forth in the opinions and pronouncements of
the Accounting Principles Board and the American Institute of Certified Public
Accountants and the statements and pronouncements of the Financial Accounting
Standards Board, or in such other statements by such other entity as may be in
general use by significant segments of the accounting profession, which are
applicable to the circumstances as of the date of determination.

 18
 

“Governmental
Authority” means any nation or government, any state or other
political subdivision thereof and any entity exercising executive, legislative,
judicial, regulatory or administrative functions of or pertaining to
government.

“Granting Lender”
has the meaning specified in Section 9.2(f).

“Guarantor”
means Holdings and each Subsidiary Guarantor.

“Guaranty”
means the guaranty, in substantially the form of Exhibit G, executed by each
Guarantor.

“Guaranty
Obligation” means, as applied to any Person, any direct or indirect
liability, contingent or otherwise, of such Person with respect to any
Indebtedness of another Person, if the purpose or intent of such Person in
incurring the liability is to provide assurance to the obligee of such
Indebtedness that such Indebtedness will be paid or discharged, or that any agreement
relating thereto will be complied with, or that any holder of such Indebtedness
will be protected (in whole or in part) against loss in respect thereof
including, (a) the direct or indirect guaranty, endorsement (other than for
collection or deposit in the ordinary course of business), co-making,
discounting with recourse or sale with recourse by such Person of Indebtedness
of another Person and (b) any liability of such Person for Indebtedness of
another Person through any agreement (contingent or otherwise) (i) to purchase,
repurchase or otherwise acquire such Indebtedness or any security therefor, or
to provide funds for the payment or discharge of such Indebtedness (whether in
the form of a loan, advance, stock purchase, capital contribution or otherwise),
(ii) to maintain the solvency or any balance sheet item, level of income or
financial condition of another Person, (iii) to make take-or-pay or similar
payments, if required, regardless of non-performance by any other party or
parties to an agreement, (iv) to purchase, sell or lease (as lessor or lessee)
property, or to purchase or sell services, primarily for the purpose of
enabling the debtor to make payment of such Indebtedness or to assure the
holder of such Indebtedness against loss, or (v) to supply funds to or in any
other manner invest in such other Person (including to pay for property or
services irrespective of whether such property is received or such services are
rendered), if in the case of any agreement described under subclause (i), (ii),
(iii), (iv) or (v) of clause (b) of this sentence the primary purpose or intent
thereof is to provide assurance that Indebtedness of another Person will be
paid or discharged, that any agreement relating thereto will be complied with
or that any holder of such Indebtedness will be protected (in whole or in part)
against loss in respect thereof. The amount of any Guaranty Obligation
described in the preceding sentence shall be equal to the amount of the
Indebtedness so guaranteed or otherwise supported or, if the amount of the
maximum liability under such Guaranty Obligation is less than the amount of
such Indebtedness, then the amount of such maximum liability.

“Hedging Contracts”
means all Interest Rate Contracts, foreign exchange contracts, currency swap or
option agreements, forward contracts, commodity swap, purchase or option
agreements, other commodity price hedging arrangements, and all other similar 

 19
 

agreements or
arrangements designed to alter the risks of any Person arising from
fluctuations in interest rates, currency values or commodity prices.

“Holdings”
has the meaning specified in the preamble of this Agreement.

“Holdings Permitted
Preferred Stock” means any preferred Capital Stock issued by
Holdings in a transaction which, (a) (i) a Default or Event of Default is not
continuing after giving effect to the issuance of such Capital Stock, and (ii)
is not Disqualified Capital Stock, or (b) does not otherwise confer upon the
holders of such preferred Capital Stock any rights or impose obligations on
Holdings, that, taken as a whole, would be materially adverse to the interests
of Holdings or the Lenders as determined by the Administrative Agent in the
exercise of its reasonable discretion.

“IDS Transaction
Expenses” means any transaction expenses (excluding interest
expense) incurred by Merisant Worldwide in connection with the proposed “Transactions”
(as defined in Amendment No. 3 to the Registration Statement on Form S-1 of
Merisant Worldwide (File No. 333-115021)), whether or not the Transactions are
consummated, determined in accordance with GAAP.

“Included
Subsidiary” means any Subsidiary of Holdings or the Borrower that is
not an Excluded Foreign Subsidiary.

“Indebtedness”
means, with respect to any Person at any date, without duplication, (a) all
indebtedness of such Person for borrowed money, (b) all obligations of such
Person for the deferred purchase price of property or services (other than
current trade payables incurred in the ordinary course of such Person’s
business), (c) all obligations of such Person evidenced by notes, bonds,
debentures or other similar instruments, (d) all indebtedness created or
arising under any conditional sale or other title retention agreement with
respect to property acquired by such Person (even though the rights and
remedies of the seller or lender under such agreement in the event of default
are limited to repossession or sale of such property), (e) all Capital Lease
Obligations of such Person, (f) all obligations of such Person, contingent or
otherwise, as an account party or applicant under or in respect of acceptances,
letters of credit, surety bonds or similar arrangements, (g) all obligations of
such Person to purchase, redeem, retire, defease or otherwise acquire for value
any Capital Stock of such Person, valued, in the case of redeemable preferred
stock, at the greater of its voluntary or involuntary liquidation preference
plus accrued and unpaid dividends, (h) all Guaranty Obligations of such Person
in respect of obligations of the kind referred to in clauses (a) through (g)
above, (i) all obligations of the kind referred to in clauses (a) through (h)
above secured by (or for which the holder of such obligation has an existing
right, contingent or otherwise, to be secured by) any Lien on property (including
accounts and contract rights) owned by such Person, whether or not such Person
has assumed or become liable for the payment of such obligation, and (j) for
the purposes of Section 6.2 and Section 7.1(e) only, all obligations of such
Person in respect of Hedging Contracts. 
The Indebtedness of any Person shall include the Indebtedness of any
other entity (including any 

 20
 

partnership in which such
Person is a general partner) to the extent such Person is liable therefor as a
result of such Person’s ownership interest in or other relationship with such
entity, except to the extent the terms of such Indebtedness expressly provide
that such Person is not liable therefor.

“Indemnified
Matters” has the meaning specified in Section 9.4(a).

“Indemnitee”
has the meaning specified in Section 9.4(a).

“Insolvency”
means with respect to any Multiemployer Plan, the condition that such Plan is
insolvent within the meaning of Section 4245 of ERISA.

“Insolvent”
means pertaining to a condition of Insolvency.

“Intellectual
Property” means the collective reference to all rights, priorities
and privileges relating to intellectual property, whether arising under United
States, multinational or foreign laws or otherwise, including copyrights,
copyright licenses, patents, patent licenses, trademarks, trademark licenses,
technology, know-how and processes, and all rights to sue at law or in equity
for any infringement or other impairment thereof, including the right to
receive all proceeds and damages therefrom.

“Interest Period”
means, in the case of any LIBO Rate Loan, (a) initially, the period commencing
on the date such LIBO Rate Loan is made or on the date of conversion of a Base
Rate Loan to such LIBO Rate Loan and ending one, two, three or six (or if
available from each Lender, nine or twelve) months thereafter, as selected by
the Borrower in its Notice of Borrowing or Notice of Conversion or Continuation
given to the Administrative Agent pursuant to Section 2.2 or Section 2.11(a),
and (b) thereafter, if such Loan is continued, in whole or in part, as a LIBO
Rate Loan pursuant to Section 2.11(a), a period commencing on the last day of
the immediately preceding Interest Period therefor and ending one, two, three
or six (or if available from each Lender, nine or twelve) months thereafter, as
selected by the Borrower in its Notice of Conversion or Continuation given to
the Administrative Agent pursuant to Section 2.11(a); provided, however,
that all of the foregoing provisions relating to Interest Periods in respect of
LIBO Rate Loans are subject to the following:

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

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

 21
 

calendar month at the end
of such Interest Period) shall end on the last Business Day of a calendar
month;

(iii)          the Borrower may not select any
Interest Period that ends after the date of a scheduled principal payment on
the Loans as set forth in Article 2 unless, in each case,  after giving effect to such selection, the
aggregate unpaid principal amount of the Loans for which Interest Periods end
after such scheduled principal payment shall be equal to or less than the
principal amount to which the Loans are required to be reduced after such
scheduled principal payment is made; and

(iv)          there shall be outstanding at any one
time no more than 10 Interest Periods in the aggregate.

“Interest Rate
Contracts” means all interest rate swap agreements, interest rate
cap agreements, interest rate collar agreements and interest rate insurance.

“Investment”
has the meaning specified in Section 6.8.

“IRS”
means the Internal Revenue Service of the United States or any successor thereto.

“Issuer”
means each Lender or Affiliate of a Lender that (a) is listed on the signature
pages hereof as an “Issuer” or
(b) hereafter becomes an Issuer with the approval of the Administrative Agent
and the Borrower by agreeing pursuant to an agreement with and in form and
substance satisfactory to the Administrative Agent and the Borrower to be bound
by the terms hereof applicable to Issuers.

“Joint Venture”
means any Person in which the Borrower and its Subsidiaries own, directly or
indirectly, more than 5% but less than or equal to 50% of the Capital Stock.

“Judgment Currency”
has the meaning specified in Section 9.12(b).

“Junior Lien
Documents” means all documents, agreements and instruments
governing, evidencing or securing the Permitted Additional Secured
Indebtedness, Permitted PIK Notes or Permitted Junior Lien PIK Notes, if any.

“Lender”
means each financial institution or other entity that (a) is listed on the
signature pages hereof as a “Lender”
or (b) from time to time becomes a party hereto by execution of an Assignment
and Acceptance.

 22
 

“Letter of Credit”
means any letter of credit issued pursuant to Section 2.4.

“Letter of Credit
(Euro)” means any Letter of Credit drawings under which are payable
in euro.

“Letter of Credit
(Euro) Obligations” means, at any time, the aggregate of all
liabilities at such time of the Borrower to all Issuers with respect to Letters
of Credit (Euro), whether or not any such liability is contingent, including
the sum, with respect to such Letters of Credit (Euro), of (a) the
Reimbursement Obligations at such time and (b) the Letter of Credit Undrawn
Amounts at such time.

“Letter of Credit
Obligations” means, at any time, the aggregate of all liabilities at
such time of the Borrower to all Issuers with respect to Letters of Credit,
whether or not any such liability is contingent, including the sum of (a) the
Reimbursement Obligations at such time and (b) the Letter of Credit Undrawn
Amounts at such time.

“Letter of Credit
Reimbursement Agreement” has the meaning specified in Section
2.4(e).

“Letter of Credit
Request” has the meaning specified in Section 2.4(c).

“Letter of Credit
Undrawn Amounts” means, at any time, the aggregate undrawn face
amount of all Letters of Credit outstanding at such time.

“LIBO Rate”
means, with respect to any Interest Period for any LIBO Rate Loan in an
Applicable Currency an interest rate per annum equal to the product of (a)
LIBOR in effect for such Interest Period for such Applicable Currency and (b)
LIBOR Statutory Reserves.

“LIBO Rate Dollar
Loan” means any LIBO Rate Loan denominated in Dollars.

“LIBO Rate Euro
Loan” means any LIBO Rate Loan denominated in euro.

“LIBO Rate Loan”
means any Loan that, for an Interest Period, bears interest based on the LIBO
Rate.

“LIBOR”
means, with respect to any Interest Period for any LIBO Rate Loan in an
Applicable Currency comprising part of the same Borrowing, the rate of interest
per annum determined by the Administrative Agent at approximately 11:00 a.m.,
London time on the date 

 23
 

that is two Business Days
prior to the beginning of the relevant Interest Period by reference to the
British Bankers’ Association Interest Settlement Rates LIBOR for deposits in
the Applicable Currency (as set forth by the Bloomberg Information Service or
any successor thereto or any other service selected by the Administrative Agent
which has been nominated by the British Bankers’ Association as an authorized
information vendor for the purpose of displaying such rates) for a period equal
to such Interest Period; provided
that, to the extent that an interest rate is not ascertainable pursuant to the
foregoing provisions of this definition, “LIBOR” shall be the interest rate per
annum determined by the Administrative Agent to be the average of the rates per
annum at which deposits in the Applicable Currency are offered for such
relevant Interest Period to major banks in the London interbank market in
London, England by the Administrative Agent at approximately 11:00 a.m. (London
time) on the date that is two Business Days prior to the beginning of such
Interest Period.

“LIBOR Lending
Office” means, with respect to any Lender, the office of such Lender
specified as its “LIBOR Lending Office”
opposite its name on Schedule II or on the Assignment and Acceptance by which
it became a Lender (or, if no such office is specified, its Domestic Lending
Office) or such other office of such Lender as such Lender may from time to
time specify to the Borrower and the Administrative Agent.

“LIBOR Statutory
Reserves” means a fraction (expressed as a decimal), the numerator
of which is the number one and the denominator of which is the number one minus
the aggregate of the maximum reserve percentages (including any marginal,
special, emergency or supplemental reserves) expressed as a decimal established
by the Federal Reserve Board and any other banking authority, domestic or
foreign, to which the Administrative Agent or any Lender (including any branch,
Affiliate, or other fronting office making or holding a Loan) is subject for
Eurocurrency Liabilities.  Such reserve
percentages shall include those imposed pursuant to  Regulation D of the Federal Reserve Board as
in effect from time to time.  LIBO Rate
Loans shall be deemed to constitute Eurocurrency Liabilities and to be subject
to such reserve requirements without benefit of or credit for proration,
exemptions or offsets that may be available from time to time to any Lender
under Regulation D of the Federal Reserve Board as in effect from time to
time.  LIBOR Statutory Reserves shall be
adjusted automatically on and as of the effective date of any change in any
reserve percentage.

“Lien”
means any mortgage, deed of trust, pledge, hypothecation, assignment, charge,
deposit arrangement, encumbrance, lien (statutory or other), security interest
or preference, priority or other security agreement or preferential arrangement
of any kind or nature whatsoever intended to assure payment of any Indebtedness
or other obligation, including any conditional sale or other title retention
agreement, the interest of a lessor under a Capital Lease, any financing lease
having substantially the same economic effect as any of the foregoing.

“LLC”
means Tabletop Holdings, LLC, a limited liability company organized under the
laws of Delaware.

 24
 

“Loan”
means any loan made by any Lender pursuant to this Agreement.

“Loan Documents”
means, collectively, this Agreement, the Notes (if any), the Guaranty, each
Letter of Credit Reimbursement Agreement, each Hedging Contract to which a Loan
Party and a Lender or an Affiliate of a Lender is a party, the Collateral
Documents, the Engagement Letter, the Appointment Letter and each certificate,
agreement, waiver, consent or document executed by a Loan Party and delivered
to the Administrative Agent or any Lender in connection with or pursuant to any
of the foregoing.

“Loan Party”
means each of the Borrower, Holdings, and each Subsidiary Guarantor.

“Material Adverse
Effect” means a material adverse effect on (a) the business,
property, operations or condition (financial or otherwise) of the Borrower and
its Subsidiaries taken as a whole, or (b) the validity or enforceability of
this Agreement or any of the other Loan Documents or the rights or remedies of
the Administrative Agent or the Lenders hereunder or thereunder.

“Materials of
Environmental Concern” means any gasoline or petroleum (including
crude oil or any fraction thereof) or petroleum products or any hazardous or
toxic substances, materials or wastes, pollutant or contaminant defined or
regulated as such in or under any Environmental Law, including asbestos,
polychlorinated biphenyls, fungi, bacterium and urea-formaldehyde insulation.

“Merisant Company”
has the meaning specified in the preamble to this Agreement.

“Merisant
Netherlands” means Merisant Netherlands, B.V.

“Merisant Spain” means Merisant
Spain, S.L., a company organized under the laws of Spain.

“Merisant Worldwide” has the
meaning specified in the preamble to this Agreement.

“MFH” means Merisant Foreign
Holdings I, Inc., a Delaware corporation.

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

 25
 

“Mortgages”
means the Original Mortgage and any other mortgages, deeds of trust or other
real estate security documents made or required herein to be made by the
Borrower or any other Loan Party.

“Multiemployer Plan”
means a multiemployer plan, as defined in Section 4001(a)(3) of ERISA, to which
the Borrower, any of its Subsidiaries or any ERISA Affiliate has any obligation
or liability, contingent or otherwise.

“Net Cash Proceeds” means:

(a)           in connection with any Asset Sale or
any Recovery Event, the proceeds thereof in the form of cash and Cash
Equivalents (including any such proceeds received by way of deferred payment of
principal pursuant to a note or installment receivable or purchase price
adjustment receivable or otherwise, but only as and when received and excluding
(in the case of any Asset Sale or Recovery Event with respect to assets of an
Excluded Foreign Subsidiary) any portion of such proceeds not freely
convertible into Dollars or euro until so convertible) of such Asset Sale or
Recovery Event, net of (i) amounts required to be applied to the repayment of
Indebtedness secured by a Lien expressly permitted hereunder on any asset that
is the subject of such Asset Sale or Recovery Event (other than any Lien
pursuant to a Collateral Document or a Junior Lien Document), (ii) in the case
of an Asset Sale, attorneys’ fees, accountants’ fees, investment bank fees or
other customary fees and expenses actually incurred in connection therewith and
(iii) taxes paid or reasonably estimated to be payable as a result thereof
(after taking into account any available tax credits or deductions and any tax
sharing arrangements); provided, however,
that the evidence of each of (i), (ii) and (iii) are provided to the Administrative
Agent in form and substance reasonably satisfactory to it; or

(b)           in connection with any Equity
Issuance or Debt Issuance, the cash proceeds received from such issuance or
incurrence, net of (i) attorneys’ fees, investment banking fees and accountants’
fees, (ii) underwriting discounts and commissions and (iii) other customary
fees and expenses actually incurred in connection therewith and (iv) amounts
applied to the repayment of Indebtedness permitted under Section 6.6(v) or with
any Permitted Equity Issuance Proceeds; provided, however,
that in the case of this clause (b) evidence of such payments, costs, fees or
expenses is provided to the Administrative Agent in form and substance
reasonably satisfactory to it.

“Non-Consenting
Lender” has the meaning specified in Section 9.1(c).

“Non-Funding Lender”
has the meaning specified in Section 2.2(e).

“Non-U.S. Lender”
means each Lender or Administrative Agent that is not a United States person as
defined in Section 7701(a)(30) of the Code.

 26
 

“Note” means
any Revolving Credit Note, Tranche A (Euro) Term Loan Note or Tranche B Term
Loan Note.

“Notice of
Borrowing” has the meaning specified in Section 2.2(a).

“Notice of
Conversion or Continuation” has the meaning specified in Section
2.10(d).

“Notice of Optional
Prepayment” has the meaning specified in Section 2.8(a).

“Obligations”
means the Loans, the Letter of Credit Obligations and all other amounts,
obligations, covenants and duties owing by the Borrower to the Administrative
Agent, the Collateral Agent, any Lender, any Issuer, any Affiliate of any of
them or any Indemnitee, of every type and description (whether by reason of an
extension of credit, opening or amendment of a letter of credit or payment of
any draft drawn thereunder, loan, guaranty, indemnification, foreign exchange
or currency swap transaction, interest rate hedging transaction or otherwise),
present or future, arising under this Agreement or any other Loan Document,
whether direct or indirect (including those acquired by assignment), absolute
or contingent, due or to become due, now existing or hereafter arising and
however acquired and whether or not evidenced by any note, guaranty or other
instrument or for the payment of money, and includes all letter of credit and
other fees, interest, charges, expenses, fees, attorneys’ fees and
disbursements, and all other sums chargeable to the Borrower under this
Agreement or any other Loan Document, and including interest and fees accruing
after the maturity of the Loans and Reimbursement Obligations and interest and
fees accruing after the filing of any petition or assignment in bankruptcy, or
the commencement of any insolvency, reorganization, plan of arrangement or like
proceeding, relating to the Borrower or an Affiliate of the Borrower, whether
or not a claim for post-filing or post-petition interest and fees is allowed in
such proceeding,  and all obligations of
the Borrower to provide cash collateral for Letter of Credit Obligations.

“OFAC” has the
meaning specified in Section 9.2(b).

“Operating Business”
has the meaning specified in Section 4.17(b).

“Original Mortgage”
means the Mortgage, Security Agreement and Assignment of Leases and Rents dated
as of the Closing Date executed by Merisant US, Inc., as mortgagor, in favor of
Credit Suisse, as Administrative Agent.

“Other Taxes”
has the meaning specified in Section 2.16(b).

 27
 

“Patriot Act”
means the USA Patriot Act (Title III of Pub. L. 107-56 (signed into law October
26, 2001)).

 “PBGC” means the Pension Benefit Guaranty
Corporation or any successor thereto.

“Permit”
means any permit, approval, authorization, license, variance or permission
required from a Governmental Authority under an applicable Requirement of Law.

“Permitted
Additional Secured Indebtedness” means non-amortizing Indebtedness
issued solely by Holdings or the Borrower that (a) does not provide on its
terms for any scheduled repayment, mandatory redemption or sinking fund
obligation prior to at least six months after the latest of the Scheduled
Termination Date, the Tranche A (Euro) Term Loan Maturity Date and the Tranche
B Term Loan Maturity Date, (b) is in an original aggregate principal amount not
to exceed $85,000,000, less any principal amount of Permitted PIK Notes,
(c)(i)(A) the provisions (including the covenants (other than the lien
covenant), events of default, subsidiary guaranties and other terms (other than
interest rate and redemption premiums)), are less restrictive of Holdings, the
Borrower and their Subsidiaries than those in the Loan Documents (or if more restrictive,
the Loan Documents shall be amended to the extent necessary to make such
provisions less restrictive) and (B) such provisions and the lien covenant are
on market terms for similar Indebtedness of similar issuers at the time of
issuance or (ii) is evidenced and secured by Junior Lien Documents that are
satisfactory to the Requisite Lenders (including without limiting the
generality of the foregoing that the terms and provisions thereof and the lien
covenant do not otherwise confer upon the holders of such Indebtedness (or the
trustee or other representative on their behalf) any rights or impose
obligations on Holdings or the Borrower or their respective Subsidiaries, that
would be materially adverse to the interests of Holdings, the Borrower, their respective
Subsidiaries or the Lenders), (d) is secured by Liens only on the Collateral,
which Liens shall rank junior in priority to the Liens on the Collateral
created under the Loan Documents, (e) shall be subject to an intercreditor
agreement reasonably acceptable to the Requisite Lenders, (f) no Subsidiary or
Joint Venture is an obligor that is not a Subsidiary Guarantor, (g) is issued
by Holdings or the Borrower, as the case may be, in exchange for, or in respect
of the refinancing, refunding, repayment, satisfaction or defeasance of the
Senior Subordinated Discount Notes or Senior Subordinated Notes (including any
accrued interest, premium or fee payable in connection with such exchange,
refinancing, refunding, repayment, satisfaction or defeasance), (h) immediately
after giving effect to such issuance of Indebtedness, Holdings, the Borrower
and its Subsidiaries shall be in compliance with the covenants contained in
Section 6.1 as of the last day of the most recently completed Fiscal Quarter,
giving pro forma effect to such issuance as if such issuance had occurred as of
such last day of the most recently completed Fiscal Quarter, (i) does not
provide for or result in any cash fees or other cash consideration being paid
in connection with the issuance thereof (i) to any holder of the Senior
Subordinated Notes or the Senior Subordinated Discount Notes or any such holder’s
Affiliates, investment advisors, or managers, except for any customary consent
solicitation fees paid on a pro rata basis to the holders thereof who consent
to any required amendment, modification or supplement of the Senior
Subordinated Notes Indenture or the 

 28
 

Senior Subordinated
Discount Notes Indenture, as applicable entered into in connection therewith
and which amendment, modification or supplement is otherwise permitted under
the terms of this Agreement, or (ii) to any holder of such Indebtedness being
issued, or any such holder’s Affiliates, investment advisors, or managers,
other than, in each case, customary underwriting or advisory fees paid to any
such Person solely in its capacity as underwriter, financial advisor or
arranger for such Indebtedness being issued, and (j) no Default or Event of
Default is continuing after giving effect to the transactions contemplated by
such issuance of Indebtedness.

“Permitted Cure
Security” means an equity security of Holdings (other than any
Disqualified Capital Stock) having no mandatory redemption, repurchase,
repayment or similar requirements prior to the date which occurs twelve
calendar months after the Tranche B Term Loan Maturity Date and upon which all
dividends or distribution, at the election of Holdings, may be payable in
additional shares of such equity security.

“Permitted Equity
Issuance Proceeds” means (a) prior to the Permitted Merger, proceeds
(other than any proceeds received from Merisant Company or any Subsidiary of
Merisant Company) arising from an Equity Issuance of Capital Stock (other than
Disqualified Capital Stock) by Merisant Worldwide which Merisant Company has
designated in writing to the Administrative Agent as being “Permitted Equity
Issuance Proceeds” applied to prepay the Loans, or (b) upon or after the
Permitted Merger, proceeds (other than any proceeds received from any
Subsidiary of the Borrower) arising from an Equity Issuance of Capital Stock
(other than Disqualified Capital Stock) by the Borrower which the Borrower has
designated in writing to the Administrative Agent as being “Permitted Equity
Issuance Proceeds” applied to prepay the Loans; provided
that the aggregate principal amount of Loans prepaid with any such designated “Permitted
Equity Issuance Proceeds” pursuant to clause (a) or (b) hereto does not exceed
$25,500,000 in the aggregate from and after the Closing Date.

“Permitted
Investors” means the collective reference to the Sponsor and the
members of the LLC as of the Formation Date and their Control Investment
Affiliates.

“Permitted Junior
Lien PIK Notes” means non-amortizing payment-in-kind notes issued
solely by Holdings or the Borrower (and as to which no Subsidiary of the
Borrower has any obligation) that (a) do not provide on its terms for any
scheduled repayment, mandatory redemption or sinking fund obligation prior to
at least six months after the latest of the Scheduled Termination Date, the Tranche
A (Euro) Term Loan Maturity Date and the Tranche B Term Loan Maturity Date, (b)
bear interest payable only in-kind until at least six-months after the latest
of the Scheduled Termination Date, the Tranche A (Euro) Term Loan Maturity Date
and the Tranche B Term Loan Maturity Date, (c) do not have a Subsidiary or a
Joint Venture as an obligor or guarantor, (d) has provisions (including the
covenants, events of default and other terms (other than interest rate and
redemption premiums)), (i)(A) that are less restrictive of Holdings, the
Borrower and their Subsidiaries than those in the Loan Documents (or if more
restrictive, the Loan Documents shall be amended to the extent necessary to
make such provisions less restrictive) and (B) such provisions and the lien
covenant are on market terms for 

 29
 

similar Indebtedness of
similar issuers at the time of issuance or (ii) is evidenced and secured by
Junior Lien Documents that are satisfactory to the Requisite Lenders (including
without limiting the generality of the foregoing that the terms and provisions
thereof and the lien covenant do not otherwise confer upon the holders of such
Indebtedness (or the trustee or other representative on their behalf) any
rights or impose obligations on Holdings or the Borrower or their respective
Subsidiaries, that would be materially adverse to the interests of Holdings,
the Borrower, their respective Subsidiaries or the Lenders), (e) if secured, is
secured by Liens only on the equity interests of the Borrower, which Liens shall
rank junior in priority to the Liens on the Collateral, including the liens on
the equity interests of the Borrower, created under the Loan Documents, (f)
shall be subject to an intercreditor agreement reasonably acceptable to the
Requisite Lenders, (g) immediately after giving effect to such issuance of
Indebtedness, Holdings, the Borrower and its Subsidiaries shall be in
compliance with the covenants contained in Section 6.1 as of the last day of
the most recently completed Fiscal Quarter, giving pro forma effect to such
issuance as if such issuance had occurred as of such last day of the most
recently completed Fiscal Quarter, (h) does not provide for or result in any
cash fees or other cash consideration being paid in connection with the
issuance thereof (i) to any holder of the Senior Subordinated Notes or the
Senior Subordinated Discount Notes, or any such holder’s Affiliates, investment
advisors, or managers, except for any customary consent solicitation fees paid
on a pro rata basis to the holders thereof who consent to any required
amendment, modification or supplement of the Senior Subordinated Notes
Indenture or the Senior Subordinated Discount Notes Indenture, as applicable
entered into in connection therewith and which amendment, modification or supplement
is otherwise permitted under the terms of this Agreement, or (ii) to any holder
of such Indebtedness being issued, or any such holder’s Affiliates, investment
advisors, or managers, other than, in each case, customary underwriting or
advisory fees paid to any such Person solely in its capacity as underwriter,
financial advisor or arranger for such Indebtedness being issued and (i) no
Default or Event of Default is continuing before and after giving effect to the
transactions contemplated by such issuance of Indebtedness.

“Permitted Merger”
means a merger, consolidation or amalgamation of Merisant Worldwide and
Merisant Company permitted under Section 6.4(vi).

“Permitted
Noteholder Investors” means, for only as long as the Permitted
Investors continue to own and control of record and beneficially, directly or
indirectly, an amount of outstanding common stock of Holdings or its successor
pursuant to the Permitted Merger, equal to at least 51% of the outstanding
common stock of Holdings or its successor pursuant to the Permitted Merger, the
collective reference to the beneficial owners of the Senior Subordinated Notes
and the beneficial owners of the Senior Subordinated Discount Notes who become
the “beneficial owner” (as defined in Rules 13(d)-3 and 13(d)-5 under the
Exchange Act), of the outstanding common stock of Holdings or its successor
pursuant to the Permitted Merger, in exchange for such Senior Subordinated
Notes or Senior Subordinated Discount Notes, and their respective transferees
and assigns.

“Permitted PIK
Notes” means non-amortizing payment-in-kind notes issued solely by
Holdings or the Borrower (and as to which no Subsidiary of the Borrower has any

 30
 

obligation) that (a) do
not provide on its terms for any scheduled repayment, mandatory redemption or
sinking fund obligation prior to at least six months after the latest of the
Scheduled Termination Date, the Tranche A (Euro) Term Loan Maturity Date and
the Tranche B Term Loan Maturity Date, (b) are in an aggregate principal amount
not to exceed $85,000,000 less any principal amount of Permitted Additional
Secured Indebtedness then outstanding, (c) bear interest payable only in-kind
until at least six-months after the latest of the Scheduled Termination Date,
the Tranche A (Euro) Term Loan Maturity Date and the Tranche B Term Loan
Maturity Date, (d) do not have a Subsidiary or a Joint Venture as an obligor or
a guarantor, (e) has provisions (including the covenants, events of default and
other terms (other than interest rate and redemption premiums)), (i)(A) that
are less restrictive of Holdings, the Borrower and their Subsidiaries than
those in the Loan Documents (or if more restrictive, the Loan Documents shall
be amended to the extent necessary to make such provisions less restrictive)
and (B) such provisions are on market terms for similar Indebtedness of similar
issuers at the time of issuance or (ii) is evidenced by documents (and if
applicable, secured by Junior Lien Documents, in each case) that are
satisfactory to the Requisite Lenders (including without limiting the
generality of the foregoing that the terms and provisions thereof do not
otherwise confer upon the holders of such Indebtedness (or the trustee or other
representative on their behalf) any rights or impose obligations on Holdings or
the Borrower or their respective Subsidiaries, that, taken as a whole, would be
materially adverse to the interests of Holdings, the Borrower, their respective
Subsidiaries or the Lenders), (f) are issued by Holdings or the Borrower, as
the case may be, solely in exchange for, or in respect of the refinancing,
refunding, repayment, satisfaction or defeasance of the Senior Subordinated
Discount Notes or Senior Subordinated Notes (including any accrued interest,
premium or fee payable in connection with such exchange, refinancing,
refunding, repayment, satisfaction or defeasance), (g) immediately after giving
effect to such issuance of Indebtedness, Holdings, the Borrower and its
Subsidiaries shall be in compliance with the covenants contained in Section 6.1
as of the last day of the most recently completed Fiscal Quarter, giving pro
forma effect to such issuance as if such issuance had occurred as of such last
day of the most recently completed Fiscal Quarter, (h) does not provide for or
result in any cash fees or other cash consideration being paid in connection
with the issuance thereof (i) to any holder of the Senior Subordinated Notes or
the Senior Subordinated Discount Notes, or any such holder’s Affiliates,
investment advisors, or managers, except for any customary consent solicitation
fees paid on a pro rata basis to the holders thereof who consent to any
required amendment, modification or supplement of the Senior Subordinated Notes
Indenture or the Senior Subordinated Discount Notes Indenture, as applicable
entered into in connection therewith and which amendment, modification or
supplement is otherwise permitted under the terms of this Agreement, or (ii) to
any holder of such Indebtedness being issued, or any such holder’s Affiliates,
investment advisors, or managers, other than, in each case, customary
underwriting or advisory fees paid to any such Person solely in its capacity as
underwriter, financial advisor or arranger for such Indebtedness being issued
and (i) no Default or Event of Default is continuing before and after giving
effect to the transactions contemplated by such issuance of Indebtedness.

“Permitted
Unsecured PIK Notes” means unsecured, non-amortizing payment-in-kind
notes issued solely by Holdings or the Borrower (and as to which no Subsidiary
of the Borrower has any obligation) that (a) do not provide on its terms for
any scheduled repayment, mandatory redemption or sinking fund obligation prior
to at least six months after the latest of 

 31
 

the Scheduled Termination
Date, the Tranche A (Euro) Term Loan Maturity Date and the Tranche B Term Loan
Maturity Date, (b) bear interest payable only in-kind until at least six-months
after the latest of the Scheduled Termination Date, the Tranche A (Euro) Term
Loan Maturity Date and the Tranche B Term Loan Maturity Date, (c) do not have a
Subsidiary or a Joint Venture as an obligor or a guarantor, (d) has provisions
(including the covenants, events of default, and other terms (other than
interest rate and redemption premiums)), (i)(A) that are less restrictive of
Holdings, the Borrower and their Subsidiaries than those in the Loan Documents
(or if more restrictive, the Loan Documents shall be amended to the extent
necessary to make such provisions less restrictive) and (B) such provisions are
on market terms for similar Indebtedness of similar issuers at the time of
issuance or (ii) is evidenced by documents that are satisfactory to the
Requisite Lenders (including without limiting the generality of the foregoing
that the terms and provisions thereof do not otherwise confer upon the holders
of such Indebtedness (or the trustee or other representative on their behalf)
any rights or impose obligations on Holdings or the Borrower or their
respective Subsidiaries, that, taken as a whole, would be materially adverse to
the interests of Holdings, the Borrower, their respective Subsidiaries or the
Lenders), (e) immediately after giving effect to such issuance of Indebtedness,
Holdings, the Borrower and its Subsidiaries shall be in compliance with the covenants
contained in Section 6.1 as of the last day of the most recently completed
Fiscal Quarter, giving pro forma effect to such issuance as if such issuance
had occurred as of such last day of the most recently completed Fiscal Quarter,
(f) does not provide for or result in any cash fees or other cash consideration
being paid in connection with the issuance thereof (i) to any holder of the
Senior Subordinated Notes or the Senior Subordinated Discount Notes, or any
such holder’s Affiliates, investment advisors, or managers, except for any
customary consent solicitation fees paid on a pro rata basis to the holders
thereof who consent to any required amendment, modification or supplement of
the Senior Subordinated Notes Indenture or the Senior Subordinated Discount
Notes Indenture, as applicable entered into in connection therewith and which
amendment, modification or supplement is otherwise permitted under the terms of
this Agreement, or (ii) to any holder of such Indebtedness being issued, or any
such holder’s Affiliates, investment advisors, or managers, other than, in each
case, customary underwriting or advisory fees paid to any such Person solely in
its capacity as underwriter, financial advisor or arranger for such
Indebtedness being issued and (g) no Default or Event of Default is continuing
before and after giving effect to the transactions contemplated by such
issuance of Indebtedness.

“Person”
means an individual, partnership, corporation (including a business trust),
joint stock company, estate, trust, limited liability company, unincorporated
association, joint venture or other entity, or a Governmental Authority.

“Plan”
means, at a particular time, any employee benefit plan that is covered by ERISA
other than a Multiemployer Plan and in respect of which the Borrower or an
ERISA Affiliate is (or, if such plan were terminated at such time, would under
Section 4069 of ERISA be deemed to be) an “employer” as defined in Section 3(5)
of ERISA.

“Pledged Notes”
has the meaning specified in the Security Agreement.

 32

“Pledged Stock”
has the meaning specified in the Security Agreement.

“Prior Credit
Facility” means that certain Amended and Restated Credit Agreement,
dated as of February 19, 2002, among Merisant Worldwide, Merisant Company, the
several lenders from time to time parties thereto, Deutsche Bank Securities
Inc., as sole lead arranger and bookrunner and Bankers Trust Company, as
administrative agent.

“Prior Second Lien Credit Facility” means
that certain Credit Agreement, dated as of June 23, 2006, among Merisant
Worldwide, Merisant Company, the lenders from time to time party thereto, Wells
Fargo Bank, National Association, as successor administrative agent and the
other agents and arrangers party thereto and the other security and other loan
documents related thereto.

“Projections”
has the meaning specified in Section 5.2(c).

“Properties”
has the meaning specified in Section 4.17(a).

“Purchasing Lender “
has the meaning specified in Section 9.7(a).

“Ratable Portion”
or “ratably” means, with respect
to any Lender, (a) with respect to the Revolving Credit Facility, the
percentage obtained by dividing (i) the Revolving Credit Commitment of such
Lender by (ii) the aggregate Revolving Credit Commitments of all Lenders (or,
at any time after the Revolving Credit Termination Date, the percentage
obtained by dividing the aggregate outstanding principal balance of the
Revolving Credit Outstandings owing to such Lender by the aggregate outstanding
principal balance of the Revolving Credit Outstandings owing to all Lenders);
(b) with respect to the Tranche A (Euro) Term Loan Facility, the percentage
obtained by dividing (i) the Tranche A (Euro) Term Loan Commitment of such
Lender by (ii) the aggregate Tranche A (Euro) Term Loan Commitments of all
Lenders (or, at any time after the Closing Date, the percentage obtained by
dividing the principal amount of such Lender’s Tranche A (Euro) Term Loans by
the aggregate Tranche A (Euro) Term Loans of all Lenders); and (c) with respect
to the Tranche B Term Loan Facility, the percentage obtained by dividing (i)
the Tranche B Term Loan Commitment of such Lender by (ii) the aggregate Tranche
B Term Loan Commitments of all Lenders (or, at any time after the Closing Date,
the percentage obtained by dividing the principal amount of such Lender’s
Tranche B Term Loans by the aggregate Tranche B Term Loans of all Lenders).

“Recapitalization”
means the repayment by Merisant Company of an intercompany payable (in the
approximate amount of $3,600,000) owing to Merisant Worldwide and the payment
by Merisant Company to Merisant Worldwide of a dividend on the Closing Date, or
promptly thereafter, in an aggregate amount for both such repayment and payment
of up

 33
 

to $197,000,000 and
thereupon payment on the Closing Date, or promptly thereafter, by Merisant
Worldwide to its equity owners of dividends in the same aggregate amount.

“Recovery Event”
means any settlement of or payment in respect of any property or casualty
insurance claim or any condemnation proceeding relating to any asset of
Holdings, the Borrower or any of its Subsidiaries.

“Register”
has the meaning specified in Section 9.2(d).

“Reimbursement Due
Date” has the meaning specified in Section 2.4(h).

“Reimbursement
Obligations” means all matured reimbursement or repayment
obligations of the Borrower to any Issuer with respect to amounts drawn under
Letters of Credit.

“Reinvestment
Deferred Amount” means, with respect to any Reinvestment Event, the
aggregate Net Cash Proceeds received by Holdings, the Borrower or any of its
Subsidiaries in connection therewith that are duly specified in a Reinvestment
Notice as not being required to be initially applied to prepay the Term Loans
or reduce the Revolving Commitments pursuant to Section 2.9 as a result of the
delivery of such Reinvestment Notice.

“Reinvestment Event”
means any Asset Sale or Recovery Event in respect of which the Borrower has
duly delivered a Reinvestment Notice.

“Reinvestment
Notice” means a written notice executed by a Responsible Officer
stating that no Event of Default has occurred and is continuing and that the
Borrower (directly or indirectly through a Subsidiary) intends and expects to
use all or a portion of the Net Cash Proceeds of an Asset Sale or Recovery
Event specified in such notice to acquire or repair assets of the same type as
those subject to such Asset Sale or Recovery Event or equipment or real
property useful in the business of the Borrower or one of its Subsidiaries
(which amount of such Net Cash Proceeds so specified, when combined with the
amount of Net Cash Proceeds specified in any other Reinvestment Notices with
respect to Net Cash Proceeds of an Asset Sale or Recovery Event received in the
same Fiscal Year, shall not exceed $20,000,000).

“Reinvestment
Prepayment Amount” means, with respect to any Reinvestment Event,
the Reinvestment Deferred Amount relating thereto less any amount expended
prior to the relevant Reinvestment Prepayment Date to acquire or repair assets
of the same type as those subject to such Asset Sale or Recovery Event or
equipment or real property useful in the business of the Borrower or one of its
Subsidiaries.

 34
 

“Reinvestment
Prepayment Date” means, with respect to any Reinvestment Event, the
earlier of (a) the date occurring 365 days after such Reinvestment Event and
(b) the date on which the Borrower shall have determined not to, or shall have
otherwise ceased to, acquire or repair assets of the same type as those subject
to such Asset Sale or Recovery Event or equipment or real property useful in
the business of the Borrower or one of its Subsidiaries with all or any portion
of the relevant Reinvestment Deferred Amount.

“Related Obligation” has the
meaning specified in Section 8.8.

“Release” means a release, spill,
emission, leaking, dumping, injection, deposit, disposal, discharge, dispersal,
leaching, or migration of Materials of Environmental Concern into the indoor or
outdoor environment or into or out of any property, including the movement of
Materials of Environmental Concern through or in the air, soil, surface water,
groundwater, or property.

“Remedial Action” means (a) “remedial
action” as such term is defined in Comprehensive Environmental Response,
Compensation and Liability Act of 1980, as amended, 42 U.S.C. Section 9601(24),
and (b) all other actions, including studies and investigations, required by
any Governmental Authority or voluntarily undertaken to (i) clean up, remove,
treat, abate or in any other way respond to any Materials of Environmental
Concern in the environment or (ii) prevent the Release or threatened Release, or
minimize the further Release, of any Materials of Environmental Concern.

“Reorganization”
means, with respect to any Multiemployer Plan, the condition that such plan is
in reorganization within the meaning of Section 4241 of ERISA.

“Reportable Event”
means  any of the events set forth in
Section 4043(b) of ERISA, other than those events as to which the thirty-day
notice period is waived under subsections .27, .28, .29, .30, .31, .32, .34 or
..35 of PBGC Reg. Section 4043.

“Requirement of Law”
means, with respect to any Person, (i) the Constituent Documents of such Person
and (ii) the common law and all federal, state, local and foreign laws, rules
and regulations, orders, judgments, decrees and other legal requirements or
determinations of any Governmental Authority or arbitrator, applicable to or
binding upon such Person or any of its property or to which such Person or any
of its property is subject.

“Requisite Lenders”
means, collectively, Lenders having more than 50% of the sum of (a) the
aggregate outstanding amount of the Revolving Credit Commitments or, after the
Revolving Credit Termination Date, the aggregate Revolving Credit Outstandings;
(b) the aggregate outstanding amount of the Tranche A (Euro) Term Loan
Commitments and, after the funding of the Tranche A (Euro) Term Loans on the
Closing Date, the principal amount of all

 35
 

Tranche A (Euro) Term
Loans then outstanding; and (c) the aggregate outstanding amount of the Tranche
B Term Loan Commitments and, after the funding of the Tranche B Term Loans on
the Closing Date, the principal amount of all Tranche B Term Loans then
outstanding.  A Non-Funding Lender shall
not be included in the calculation of “Requisite
Lenders.”

“Requisite
Revolving Credit Lenders” means Revolving Credit Lenders having more
than 50% of the aggregate outstanding amount of the Revolving Credit
Commitments or, after the Revolving Credit Termination Date, more than 50% of
the aggregate Revolving Credit Outstandings. A Non-Funding Lender shall not be
included in the calculation of “Requisite Revolving Credit Lenders.”

“Requisite Tranche
A (Euro) Term Loan Lenders” means Tranche A (Euro)Term Loan Lenders
having more than 50% of the aggregate outstanding amount of the Tranche A
(Euro) Term Loan Commitments or, after the funding of the Tranche A (Euro) Term
Loans on the Closing Date, more than 50% of the principal amount of all Tranche
A (Euro) Term Loans then outstanding.

“Requisite Tranche
B Term Loan Lenders” means (a) prior to the Amendment Closing Date,
Tranche B Term Loan Lenders having more than 50% of the aggregate outstanding
amount of the Tranche B Term Loan Commitments or, after the funding of the
Tranche B Term Loans on the Closing Date, more than 50% of the principal amount
of all Tranche B Term Loans then outstanding and (b) immediately after the
Amendment Closing Date, Tranche B Term Loan Lenders having more than 50% of the
aggregate amount of all Tranche B Term Loans then outstanding plus the
Additional Tranche B Loan Commitments, or after the funding of the Additional
Tranche B Term Loans on the Amendment Closing Date, more than 50% of the
principal amount of all Tranche B Term Loans then outstanding.

“Responsible
Officer” means, with respect to any Person, any of the principal
executive officers, managing members or general partners of such Person as
applicable, but in any event, with respect to financial matters, the chief
financial officer, treasurer or controller of such Person.

“Revolving Base
Rate Loan” means any Revolving Loan that is a Base Rate Loan.

“Revolving Credit
Borrowing” means Revolving Loans made in the same currency on the
same day by the Revolving Credit Lenders ratably according to their respective
Revolving Credit Commitments.

“Revolving Credit
Commitment” means, with respect to each Revolving Credit Lender, the
commitment of such Lender to make Revolving Loans and acquire interests in
other Revolving Credit Outstandings in the aggregate principal amount
outstanding not to exceed the

 36
 

amount set forth opposite
such Lender’s name on Schedule I under the caption “Revolving Credit Commitment,” as amended to reflect each
Assignment and Acceptance executed by such Lender and as such amount may be
reduced pursuant to this Agreement.

“Revolving Credit
Euro Outstandings” means, at any particular time, the Dollar Equivalent
of the sum of (a) the principal amount of the Revolving Euro Loans outstanding
at such time plus (b) the Letter
of Credit (Euro) Obligations outstanding at such time.

“Revolving Credit
Facility” means the Revolving Credit Commitments and the provisions
herein related to the Revolving Loans, Swing Line Loans and Letters of Credit.

“Revolving Credit
Lender” means each Lender having a Revolving Credit Commitment.

“Revolving Credit
Note” means, if issued pursuant to Section 2.7(d) or Section 9.2(c),
a promissory note of the Borrower payable to the order of any Revolving Credit
Lender in a principal amount equal to the amount of such Lender’s Revolving
Credit Commitment evidencing the aggregate Indebtedness of the Borrower to such
Lender resulting from the Revolving Loans owing to such Lender.

“Revolving Credit
Outstandings” means, at any particular time, the Dollar Equivalent
of the sum of (a) the principal amount of the Revolving Loans outstanding at
such time plus (b) the Letter of
Credit Obligations outstanding at such time plus
(c) the principal amount of the Swing Line Loans outstanding at such time.

“Revolving Credit
Termination Date” means the earliest of (a) the Scheduled
Termination Date, (b) the date of termination of the Revolving Credit Commitments
pursuant to Section 2.5 and (c) the date on which the Obligations become due
and payable pursuant to Article 7.

“Revolving Euro
Loan” means a Revolving Loan denominated in euro.

“Revolving LIBO
Rate Loan” means any Revolving Loan that is a LIBO Rate Loan.

“Revolving LIBO
Rate Dollar Loan” means a Revolving LIBO Rate Loan denominated in
Dollars.

“Revolving Loan”
has the meaning specified in Section 2.1(a).

 37
 

“S&P”
means Standard & Poor’s Rating Services and any successor thereto.

“Scheduled
Termination Date” means January 11, 2009 (or, if such date is not a
Business Day, the next preceding Business Day).

“SDN List” has
the meaning specified in Section 9.2(b).

“SEC”
means the Securities and Exchange Commission.

“Secured
Obligations” means, in the case of the Borrower, the Obligations,
and, in the case of any other Loan Party, the obligations of such Loan Party
under the Guaranty and the other Loan Documents to which it is a party.

“Secured Parties”
means the Lenders, the Issuers, the Administrative Agent, the Collateral Agent
and any other holder of any of the Obligations.

“Security”
means any Stock, Stock Equivalent, voting trust certificate, bond, debenture,
note or other evidence of Indebtedness, whether secured, unsecured, convertible
or subordinated, or any certificate of interest, share or participation in, or
any temporary or interim certificate for the purchase or acquisition of, or any
right to subscribe to, purchase or acquire, any of the foregoing, but shall not
include any evidence of the Obligations.

“Security Agreement”
means an agreement, in substantially the form of Exhibit H, executed by the
Collateral Agent, Borrower, Holdings and each Subsidiary Guarantor.

“Selling Lenders”
has the meaning specified in Section 9.7(a).

“Senior
Subordinated Debt Documents” means the Senior Subordinated Notes
Indenture and each other document and instrument executed with respect thereto.

“Senior Subordinated Discount Debt Documents” means
the Senior Subordinated Discount Notes Indenture and each other document and
instrument executed with respect thereto.

“Senior
Subordinated Discount Notes” means the 121⁄4% senior subordinated
discount notes due 2014 in an aggregate principal amount at maturity of
$136,040,000 issued on November 12, 2003 by Merisant Worldwide.

 38
 

“Senior
Subordinated Discount Notes Indenture” means the Indenture, dated as
of November 12, 2003, among Merisant Worldwide, Merisant Company, certain
subsidiaries of the Borrower, and Wells Fargo Bank Minnesota, National
Association, as Trustee.

“Senior Subordinated
Initial Notes” means the Senior Subordinated Notes.

“Senior
Subordinated Notes” means the 91⁄2% senior subordinated notes in an
aggregate principal amount of $225,000,000 issued on July 11, 2003 by Merisant
Company and guaranteed by the Guarantors under the Senior Subordinated Notes
Indenture.

“Senior
Subordinated Notes Indenture” means the Indenture, dated as of July
11, 2003 among Merisant Worldwide, Merisant Company, certain subsidiaries of
the Borrower, and Wells Fargo Bank Minnesota, National Association, as Trustee.

“Significant Subsidiary”
means  (i) SwissCo 2 (so long as the
SwissCo 2 Intercompany Note remains outstanding) and (ii) any Subsidiary of the
Borrower that would be a “Significant Subsidiary” of the Borrower within the
meaning of Rule 1-02 under Regulation S-X promulgated by the SEC.

“Single Employer
Plan” means any Plan, including a “multiple employer plan,” that is
covered by Title IV of ERISA other than a Multiemployer Plan.

“Solvent”
means, with respect to any Person, that the value of the assets of such Person
(both at fair value and present fair saleable value) is, on the date of
determination, greater than the total amount of liabilities (including
contingent and unliquidated liabilities) of such Person as of such date and that,
as of such date, such Person is able to pay all liabilities of such Person as
such liabilities mature and does not have unreasonably small capital. In
computing the amount of contingent or unliquidated liabilities at any time,
such liabilities will be computed at the amount which, in 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 9.2(f).

“Sponsor”
means Pegasus Partners II, L.P., a Delaware limited partnership.

“Standby Letter of
Credit” means any Letter of Credit that is not a Documentary Letter
of Credit.

 39
 

“Stock”
means shares of capital stock (whether denominated as common stock or preferred
stock), beneficial, partnership or membership, interests, participations or
other equivalents (regardless of how designated) of or in a corporation,
partnership, limited liability company or equivalent entity, whether voting or
non-voting.

“Stock Equivalents”
means all securities convertible into or exchangeable for Stock and all
warrants, options or other rights to purchase or subscribe for any Stock,
whether or not presently convertible, exchangeable or exercisable.

“Subsidiary”
means, as to any Person, a corporation, partnership, limited liability company
or other entity of which shares of stock or other ownership interests having
ordinary voting power (other than stock or such other ownership interests
having such power only by reason of the happening of a contingency) to elect a
majority of the board of directors or other managers of such corporation,
partnership or other entity are at the time owned, or the management of which
is otherwise controlled, directly or indirectly through one or more
intermediaries, or both, by such Person.

“Subsidiary
Guarantor” means each Subsidiary of Holdings or the Borrower that is
a party to the Guaranty.

“Surviving Entity”
means the entity that is the surviving, continuing or successor entity to
Merisant Worldwide or Merisant Company pursuant to the Permitted Merger.

“Sweet Simplicity JV”
means a joint venture between the Borrower, or a Subsidiary of the Borrower,
and a third-party, which joint venture entity shall be a Subsidiary of the
Borrower or a Joint Venture.

“Swing Line Loan”
has the meaning specified in Section 2.3(a).

“Swing Line Loan
Borrowing” means a borrowing consisting of a Swing Line Loan.

“Swing Line Loan
Commitment” means the commitment of the Swing Line Loan Lender to
make Swing Line Loans to the Borrower pursuant to Section 2.3 in the aggregate
principal amount at any time outstanding not to exceed $5,000,000.

“Swing Line Loan
Lender” means Credit Suisse and each other Revolving Credit Lender
who becomes Administrative Agent hereunder.

 40
 

“Swing Line Loan
Request” has the meaning specified in Section 2.3(b).

“SwissCo
Intercompany Note” means that certain promissory note, made by
SwissCo 2 in favor of Merisant Company, dated December 22, 2000, as the same
may be amended, supplemented or otherwise modified from time to time.

“SwissCo Original
Intercompany Note” means that certain promissory note, made by
SwissCo 2 in favor of Merisant Company, dated December 22, 2000.

“SwissCo 2”
means Merisant Company 2 Sarl, a limited liability company organized and
existing under the laws of Switzerland and an indirect Wholly Owned Subsidiary
of the Borrower.

“SwissCo 2 Note
Original Security Agreement” means that certain security agreement
dated as of December 22, 2000, between SwissCo 2 and Merisant Company,
providing for the pledge of the Foreign Trademarks to secure the obligations of
SwissCo 2 under the SwissCo Intercompany Note.

“SwissCo 2 Note
Security Agreement” means the SwissCo 2 Note Original Security
Agreement, as amended by the SwissCo 2 Note Security Agreement Amendment.

“SwissCo 2 Note
Security Agreement Amendment” means that certain amendment, dated as
of the Closing Date, between SwissCo 2 and Merisant Company, providing for the
amendment of the SwissCo 2 Note Original Security Agreement to change
references therein in respect of matters relating to the Facilities.

“SwissCo 2
Revolving Note” means a promissory note made by the Borrower in
favor of SwissCo 2, which shall contain the following terms:  (a) the note shall mature in 2011; (b) the
interest rate shall be equal to LIBO plus 0.25% per annum, or such other rate
as may be prescribed by applicable law; and (c) principal shall be due and
payable on the maturity date of such note.

“Tax Affiliate”
means, with respect to any Person, (a) any Subsidiary of such Person, and (b)
any Affiliate of such Person with which such Person files or is eligible to
file consolidated, combined or unitary tax returns.

“Tax Return”
has the meaning specified in Section 4.10.

“Taxes”
has the meaning specified in Section 2.16(a).

 41
 

“Term Loans”
means Tranche A (Euro) Term Loans and Tranche B Term Loans.

“Tranche”
means each of the Tranche A (Euro) Term Loans and the Tranche B Term Loans,
respectively.

“Tranche A (Euro)
Term Loan” has the meaning specified in Section 2.1(b).

“Tranche A (Euro) Term
Loan Borrowing” means Tranche A (Euro) Term Loans made on the same
day by the Tranche A (Euro) Term Loan Lenders ratably according to their
respective Tranche A (Euro) Term Loan Commitments.

“Tranche A (Euro)
Term Loan Commitment” means, with respect to each Tranche A (Euro)
Term Loan Lender, the commitment of such Lender to make Tranche A (Euro) Term
Loans to the Borrower in the aggregate principal amount outstanding not to
exceed the amount set forth opposite such Lender’s name on Schedule I under the
caption “Tranche A (Euro) Term Loan
Commitment” as such amount may be reduced pursuant to this
Agreement.

“Tranche A (Euro)
Term Loan Facility” means the Tranche A (Euro) Term Loan Commitments
and the provisions herein related to the Tranche A (Euro) Term Loans.

“Tranche A (Euro)
Term Loan Lender” means each Lender having a Tranche A (Euro) Term
Loan Commitment or holding a Tranche A (Euro) Term Loan.

“Tranche A (Euro)
Term Loan Maturity Date” means January 11, 2009 (or, if such date is
not a Business Day, the next preceding Business Day).

“Tranche A (Euro)
Term Loan Note” means, if requested pursuant to Section 2.7(d), a
promissory note of the Borrower payable to the order of any Tranche A (Euro)
Term Loan Lender evidencing the Indebtedness of the Borrower to such Lender
resulting from the Tranche A (Euro) Term Loan owing to such Lender.

“Tranche B Term
Loan” has the meaning specified in Section 2.1(c).

“Tranche B Term
Loan Borrowing” means Tranche B Term Loans made on the same day by
the Tranche B Term Loan Lenders ratably according to their respective Tranche B
Term Loan Commitments.

 42
 

“Tranche B Term
Loan Commitment” means the Existing Tranche B Term Loan Commitments
and the Additional Tranche B Term Loan Commitments.

“Tranche B Term
Loan Facility” means the Tranche B Term Loan Commitments and the
provisions herein related to the Tranche B Term Loans.

“Tranche B Term
Loan Lender” means each Lender having a Tranche B Term Loan
Commitment or holding a Tranche B Term Loan.

“Tranche B Term
Loan Maturity Date” means January 11, 2010 (or, if such date is not
a Business Day, the next preceding Business Day).

“Tranche B Term
Loan Note” means a promissory note of the Borrower payable to the
order of any Tranche B Term Loan Lender evidencing the Indebtedness of the Borrower
to such Lender resulting from the Tranche B Term Loan owing to such Lender.

“Unused Commitment
Fee” has the meaning specified in Section 2.12(a).

“Valuation Date”
means (a) with respect to the Revolving Credit Facility, (i) the date three
Business Days prior to the making of any Revolving LIBO Rate Dollar Loan, the
continuation of any Revolving LIBO Rate Dollar Loan, the conversion of any
Revolving Base Rate Loan into a Revolving LIBO Rate Dollar Loan, the conversion
of any Revolving LIBO Rate Dollar Loan into a Revolving Base Rate Loan or
issuance of any Letter of Credit denominated in Dollars, (ii) the date four
Business Days prior to the making of any Revolving Euro Loan, the continuation
of any Revolving Euro Loan or the issuance of any Letter of Credit in euro,
(iii) the date two Business Days prior to the making of any Revolving Base Rate
Loan, (iv) the last Business Day of any calendar quarter, and (v) any other
date designated by the Administrative Agent or (b) with respect to the Tranche
A (Euro) Term Loan Facility, the date four Business Days prior to the initial
funding on the Closing Date of the Tranche A (Euro) Term Loan.

“Voting Stock”
means Stock of any Person having ordinary power to vote in the election of
members of the board of directors, managers, trustees or other controlling
Persons, of such Person (irrespective of whether, at the time, Stock of any
other class or classes of such entity shall have or might have voting power by
reason of the happening of any contingency).

“Wholly Owned
Excluded Foreign Subsidiary” means any Excluded Foreign Subsidiary
that is a Wholly Owned Subsidiary.

 43
 

“Wholly Owned
Subsidiary” means (a) any Domestic Subsidiary all of the Capital
Stock of which is owned by the Borrower directly or indirectly through other
Subsidiaries and (b) any Foreign Subsidiary if (i) all of the Capital Stock of
such Foreign Subsidiary (other than directors’ qualifying shares and Foreign
Required Minority Shares, in each case only to the extent required by
applicable law) is owned by the Borrower directly or indirectly through other
Subsidiaries, and (ii) the Borrower, by contract or otherwise, controls the
management and business of such Foreign Subsidiary and derives the economic
benefits of ownership of such Foreign Subsidiary to substantially the same
extent as if all of the Capital Stock of such Foreign Subsidiary were owned
directly by the Borrower.

“Wholly Owned
Subsidiary Guarantor” means any Wholly Owned Subsidiary that is a
Guarantor.

1.2                                 Computation
of Time Periods.  In this Agreement,
in the computation of periods of time from a specified date to a later
specified date, the word “from” means “from and including” and the words “to”
and “until” each mean “to but excluding” and the word “through” means “to and
including.”

1.3                                 Accounting
Terms and Principles.

(a)                                  Except as set forth below, all
accounting terms not specifically defined herein shall be construed in
conformity with GAAP and all accounting determinations required to be made
pursuant hereto shall, unless expressly otherwise provided herein, be made in
conformity with GAAP.

(b)                                 If any change in the accounting
principles used in the preparation of the most recent Financial Statements
referred to in Section 5.1 is hereafter required or permitted by the rules,
regulations, pronouncements and opinions of the Financial Accounting Standards
Board or the American Institute of Certified Public Accountants (or any
successors thereto) and such change is adopted by the Borrower with the
agreement of its independent public accountants and results in a change in any
of the calculations required by Article 6 had such accounting change not
occurred, the parties hereto agree to enter into negotiations in order to amend
such provisions so as to equitably reflect such change with the desired result
that the criteria for evaluating compliance with such covenants by the Borrower
shall be the same after such change as if such change had not been made; provided, however,
that no change in GAAP that would affect a calculation that measures compliance
with any covenant contained in Article 6 shall be given effect until such
provisions are amended to reflect such changes in GAAP.

1.4                                 Certain
Terms.

(a)                                  The words “herein,” “hereof” and “hereunder”
and similar words refer to this Agreement as a whole, and not to any particular
Article, Section, subsection or clause in this Agreement.

 44
 

(b)                                 References in this Agreement to an
Exhibit, Schedule, Article, Section, subsection or clause refer to the
appropriate Exhibit or Schedule to, or Article, Section, subsection or clause
in this Agreement.

(c)                                  Each agreement defined in this
Article 1 shall include all appendices, exhibits and schedules thereto. If the
prior written consent of the Requisite Lenders is required hereunder for an
amendment, restatement, supplement or other modification to any such agreement
and such consent is obtained, references in this Agreement to such agreement
shall be to such agreement as so amended, restated, supplemented or
modified.  If the prior written consent
of the Requisite Lenders is not required hereunder for an amendment,
restatement, supplement or other modification to any such agreement, references
in this Agreement to such agreement shall be deemed to be to such agreement as
so amended, restated, supplemented or modified.

(d)                                 References in this Agreement to any
statute shall be to such statute as amended or modified and in effect at the
time any such reference is operative.

(e)                                  The term “including” when used in
any Loan Document means “including without limitation” except when used in the
computation of time periods.

(f)                                    The term “or” has, except where
otherwise indicated, the inclusive meaning represented by the phrase “and/or”.

(g)                                 The terms “Lender,” “Issuer” and “Administrative
Agent” include their respective successors.

(h)                                 Upon the appointment of any
successor Administrative Agent pursuant to Section 8.6, references to Credit
Suisse in Section 8.3 shall be deemed to refer to the financial institution
then acting as the Administrative Agent or one of its Affiliates if it so
designates.

(i)                                     The words “asset” and “property”
shall be construed to have the same meaning and effect and to refer to any and
all tangible and intangible assets and properties, including cash, Capital
Stock, Securities, revenues, accounts, leasehold interests and contract rights.

(j)                                     For purposes of Section 8.7(b) and
Section 9.1(a), the term “Administrative Agent” shall be deemed to include the
Collateral Agent.

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(k)                                  If a Permitted Merger shall have
occurred and Merisant Worldwide is the Surviving Entity, all references to the “Borrower”
herein and in any other Loan Document, unless otherwise specifically indicated,
shall mean Merisant Worldwide and Merisant Worldwide shall assume the
obligations of the Borrower in the Loan Documents.  If a Permitted Merger shall have occurred and
Merisant Company is the Surviving Entity, all references to “Holdings” herein
and in any other Loan Document, unless otherwise specifically indicated, shall
mean Merisant Company and Merisant Company shall assume the obligations of
Holdings in the Loan Documents. 
Notwithstanding the foregoing, if a Permitted Merger shall have occurred
and Merisant Company is the Surviving Entity, all references to the “Borrower”
herein and in the Loan Documents shall continue to be references to Merisant
Company.

ARTICLE 2

THE FACILITIES

2.1                                 The
Commitments.

(a)                                  Revolving Credit Commitments.

On the terms and subject to the conditions contained
in this Agreement, each Revolving Credit Lender severally agrees to make loans
denominated in Dollars or (subject to Section 2.14) euro (each a “Revolving Loan”) to the Borrower from time
to time on any Business Day during the period from the Closing Date until the
Revolving Credit Termination Date in an aggregate amount having a Dollar
Equivalent not to exceed at any time outstanding for all such Loans by such
Lender such Lender’s Revolving Credit Commitment; provided, however,
that at no time shall any Lender be obligated to make (x) a Revolving Loan
having a Dollar Equivalent in excess of such Lender’s Ratable Portion of the
Available Credit or (y) a Revolving Euro Loan having a Dollar Equivalent in
excess of such Lender’s Ratable Portion of the Available Euro Credit.  Within the limits of each Lender’s Revolving
Credit Commitment, amounts of Revolving Loans repaid may be reborrowed under
this Section 2.1(a).

(b)                                 Tranche A (Euro) Term Loan
Commitments.

On the terms and subject to the conditions contained
in this Agreement, each Tranche A (Euro) Term Loan Lender severally made a loan
denominated in euro (each a “Tranche A
(Euro) Term Loan”) to the Borrower on the Closing Date, in an amount
the Dollar Equivalent of which does not exceed such Lender’s Tranche A (Euro)
Term Loan Commitment.  Amounts of Tranche
A (Euro) Term Loans paid or prepaid may not be reborrowed.

 46
 

(c)                                  Tranche B Term Loan Commitments.

On the terms and subject to the conditions contained
in this Agreement, each Tranche B Term Loan Lender severally (i) made a loan
denominated in Dollars (each an “Existing Tranche B Term Loan”) to the Borrower
on the Closing Date, in an amount not to exceed such Lender’s Existing Tranche
B Term Loan Commitment or (ii) agrees to make a loan denominated in Dollars
(the “Additional Tranche B Term Loans” and
together with the Existing Tranche B Term Loans, each a “Tranche B
Term Loan”) to the Borrower on the Amendment Closing Date, in an
amount not to exceed such Lender’s Additional Tranche B Term Loan
Commitment.  Amounts of Tranche B Term
Loans paid or prepaid may not be reborrowed.

2.2                                 Borrowing
Procedures.

(a)                                  Each Revolving Credit Borrowing
shall be made on notice given by the Borrower to the Administrative Agent not
later than (i) 12:00 noon (New York City time) one Business Day, in the case of
a Borrowing of Base Rate Loans, (ii) 12:00 noon (New York City time) three
Business Days, in the case of a Borrowing of LIBO Rate Dollar Loans or (iii)
12:00 noon (New York City time) four Business Days, in the case of a Borrowing
of LIBO Rate Euro Loans, prior to the date of the proposed Revolving Credit
Borrowing. Each such notice shall be in substantially the form of Exhibit C (a “Notice of Borrowing”), specifying (A) the
date of such proposed Revolving Credit Borrowing, (B) the currency (Dollars or
euro) and aggregate amount of such proposed Revolving Credit Borrowing, (C)
what portion of the proposed Revolving Credit Borrowing denominated in Dollars
will be of Base Rate Loans or LIBO Rate Loans, (D) the initial Interest Period
or Periods for any such LIBO Rate Loans, (E) the aggregate outstanding
potential liability of the Borrower under any Foreign Overdraft Guaranties on
the date of such proposed Revolving Credit Borrowing, and (F) remittance
instructions for such proposed Revolving Credit Borrowing.  In lieu of giving a Notice of Borrowing for
any Revolving Credit Borrowing, the Borrower may give the Administrative Agent
telephonic notice prior to the time required for giving a Notice of Borrowing; provided, however,
that such telephonic notice shall be promptly confirmed in writing by delivery
of a duly executed Notice of Borrowing to the Administrative Agent prior to the
applicable date of such Revolving Credit Borrowing. The Revolving Loans shall
be made in Dollars unless (subject to Section 2.14) the Notice of Borrowing
specifies that the Loan is a Revolving Euro Loan.  The Revolving Loans denominated in Dollars
shall be made as Base Rate Loans unless (subject to Section 2.14) the Notice of
Borrowing specifies that all or a portion thereof shall be LIBO Rate Loans.  Revolving Loans denominated in euro shall be made
as LIBO Rate Loans and shall not be available as Base Rate Loans.  Each Revolving Credit Borrowing shall be in
an aggregate amount equal to an Applicable Currency Denomination.

(b)                                 All Term Loan Borrowings shall be
made upon receipt of a Notice of Borrowing given by the Borrower to the
Administrative Agent not later than 11:00 a.m. (New York City time) on the
Closing Date or Amendment Closing Date. 
The Notice of Borrowing shall specify (i) the date of Borrowing (which,
in the case of the Additional Tranche B Term Loans, shall be on the Amendment
Closing Date), (ii) the aggregate amount of such proposed

 47
 

Term
Loan Borrowing, (iii) in the case of any Tranche B Term Loan Borrowing, what
portion of the proposed Term Loan Borrowing will be of Base Rate Loans or LIBO
Rate Loans, (iv) the initial Interest Period or Interest Periods for any such
LIBO Rate Loans (provided, however,
that the Additional Tranche B Term Loan Borrowing made on the Amendment Closing
Date shall be either a Base Rate Loan, or a LIBO Rate Loan having a one-month
Interest Period), and (v) remittance instructions for such proposed Term  Loan Borrowing.  The Tranche A (Euro) Term Loans shall be made
as LIBO Rate Loans and shall not be available as Base Rate Loans.  The initial Tranche B Term Loans shall be
made as Base Rate Loans unless (subject to Section 2.14) the Notice of
Borrowing specifies that all or a portion thereof shall be LIBO Rate
Loans.  The Additional Tranche B Term
Loan Borrowing shall be in Dollars.

(c)                                  The Administrative Agent shall give
to each Lender prompt notice of the Administrative Agent’s receipt of a Notice
of Borrowing (or of telephonic notice duly given in lieu thereof), the
Applicable Currency and (if a Euro Loan) the initial Dollar Equivalent thereof,
and if LIBO Rate Loans are properly requested in such Notice of Borrowing, the
applicable interest rate determined pursuant to Section 2.14(a). Each Lender
shall, before 11:00 a.m. (New York City time) on the date of the proposed
Borrowing, make available to the Administrative Agent at an account designated
from time to time by the Administrative Agent of a bank in New York City (or,
in the case of payments in euro, at an account designated from time to time by
the Administrative Agent as the place for payments in euro), in immediately
available funds, such Lender’s Ratable Portion of such proposed Borrowing in
the Applicable Currency. After the Administrative Agent’s receipt of such funds
and upon fulfillment of the applicable conditions set forth in Section 3.1 (in
the case of Loans made on the Closing Date), Section 3.3 (in the case of Loans
made on the Amendment Closing Date) and Section 3.2, the Administrative Agent
will make such funds available to the Borrower.

(d)                                 Unless the Administrative Agent
shall have received notice from a Lender prior to the date of any proposed
Borrowing that such Lender will not make available to the Administrative Agent
such Lender’s Ratable Portion of such Borrowing in the Applicable Currency, the
Administrative Agent may assume that such Lender has made such Ratable Portion
available to the Administrative Agent in the Applicable Currency on the date of
such Borrowing in accordance with this Section 2.2 and the Administrative Agent
may, in reliance upon such assumption, make available to the Borrower on such
date a corresponding amount. If and to the extent that such Lender shall not
have so made such Ratable Portion available to the Administrative Agent in the
Applicable Currency, such Lender and the Borrower severally agree to repay to the
Administrative Agent forthwith on demand, in the Applicable Currency, such
corresponding amount together with interest thereon, for each day from the date
such amount is made available to the Borrower until the date such amount is
repaid to the Administrative Agent, at (i) in the case of the Borrower, the
interest rate applicable at the time to the Loans comprising such Borrowing and
(ii) in the case of such Lender, the Federal Funds Effective Rate for the first
Business Day and thereafter at the interest rate applicable at the time to the
Loans comprising such Borrowing. If such Lender shall repay to the
Administrative Agent such corresponding amount, such amount so repaid shall
constitute such Lender’s Loan as part of such Borrowing for purposes of this
Agreement. If the Borrower shall repay to the Administrative Agent such
corresponding amount, such payment shall not relieve such Lender of any
obligation it may have

 48
 

hereunder
to the Borrower.  With respect to any
Ratable Portion of a Borrowing not made available by a Lender as contemplated
above, if such Lender subsequently repays such corresponding amount to the
Administrative Agent and the Borrower has also repaid to the Administrative
Agent such corresponding amount (together with interest thereon at the rate
specified in clause (i) of the third preceding sentence), then the
Administrative Agent shall promptly repay to Borrower such corresponding amount
so received from such Lender (including interest thereon at the rate specified
in clause (ii) of the third preceding sentence to the extent received from such
Lender by the Administrative Agent); provided,
however, that such repayment to
the Borrower shall not operate as a waiver or any abandonment of any rights or
remedies of the Borrower with respect to such Lender.

(e)                                  The failure of any Lender to make
the Loan or any payment required by it on the date specified (a “Non-Funding Lender”), including any
payment in respect of its participation in Swing Line Loans and Letter of
Credit Obligations, shall not relieve any other Lender of its obligations to
make such Loan or payment on such date but no such other Lender shall be
responsible for the failure of any Non-Funding Lender to make a Loan or payment
required under this Agreement.

(f)                                    Neither the Administrative Agent nor
any Lender shall incur any liability to the Borrower in acting upon any
telephonic notice referred to in Section 2.2(a) or Section 2.11(a) that the
Administrative Agent believes in good faith to have been given by a Responsible
Officer or other person authorized to execute Notices of Borrowing or a Notice
of Conversion or Continuation on behalf of the Borrower or for otherwise acting
in good faith under this Section 2.2 or under Section 2.11, and upon funding of
any Loans by the Lenders, or upon any conversion or continuation of any Loans
pursuant to Section 2.11, in each case in accordance with this Agreement,
pursuant to any such telephonic notice, the Borrower shall be deemed to have
borrowed Loans or effected a conversion or continuation, as the case may be,
hereunder.

(g)                                 Except as otherwise provided in
Section 2.14, a Notice of Borrowing or a Notice of Conversion or Continuation
(or telephonic notice in lieu thereof) shall be irrevocable, and the Borrower
shall be bound to make a Borrowing or to effect a conversion or continuation in
accordance therewith.

(h)                                 Any Notice of Borrowing in respect
of any LIBO Rate Loan to be made on the Amendment Closing Date shall be in
writing and contain an indemnity agreement reasonably satisfactory to the
Borrower and the Administrative Agent as to the matters specified in Section
2.14(e).

2.3                                 Swing
Line Loans.

(a)                                  On the terms and subject to the
conditions contained in this Agreement, the Swing Line Loan Lender agrees to
make loans denominated in Dollars (each a

 49
 

“Swing Line Loan”) otherwise available to
the Borrower under the Revolving Credit Facility from time to time on any
Business Day during the period from the Closing Date until the Revolving Credit
Termination Date in an aggregate amount at any time outstanding at any time not
to exceed the lesser of (i) the Swing Line Loan Commitment and (ii) the
Available Credit at such time.  Each
Swing Line Loan shall be a Base Rate Loan and shall mature on the Scheduled
Termination Date. Within the limits set forth in the first sentence of this
Section 2.3(a), amounts of Swing Line Loans repaid may be reborrowed under this
Section 2.3(a).

(b)                                 In order to request a Swing Line
Loan, the Borrower shall telecopy to the Swing Line Loan Lender, with a copy to
the Administrative Agent, a duly completed request setting forth the date, the
requested amount and date of the Swing Line Loan (a “Swing Line Loan Request”), to be received by the Swing Line
Loan Lender not later than 1:00 p.m. (New York City time) on the day of the
proposed borrowing.  Subject to the terms
of this Agreement, the Swing Line Loan Lender shall make a Swing Line Loan
available to the Borrower not later than 3:00 p.m. (New York City time) on the
date of the relevant Swing Line Loan Request. The Swing Line Loan Lender shall
not make any Swing Line Loan in the period commencing on the first Business Day
after it receives written notice from any Lender that one or more of the
conditions precedent contained in Section 3.2 shall not on such date be satisfied,
and ending when such conditions are satisfied. The Swing Line Loan Lender shall
not otherwise be required to determine that, or take notice whether, the
conditions precedent set forth in Section 3.2 hereof have been satisfied in
connection with the making of any Swing Line Loan.  Each Swing Line Loan Borrowing shall be in an
aggregate amount equal to $500,000 or an integral multiple of $100,000 in
excess thereof.

(c)                                  The Swing Line Loan Lender shall
notify the Administrative Agent in writing (which writing may be by a telecopy
or electronic mail) weekly, by no later than 10:00 a.m. (New York City time) on
the first Business Day of each week, of the aggregate principal amount of its
Swing Line Loans then outstanding.

(d)                                 The Swing Line Loan Lender may demand
at any time during the continuance of an Event of Default that each Revolving
Credit Lender pay to the Administrative Agent, for the account of the Swing
Line Loan Lender, in the manner provided in subsection (e) below, such
Revolving Credit Lender’s Ratable Portion of all or a portion of the
outstanding Swing Line Loans, which demand shall be made through the
Administrative Agent, shall be in writing and shall specify the outstanding
principal amount of Swing Line Loans demanded to be paid.

(e)                                  The Administrative Agent shall
forward each demand referred to in clause (d) above to each Revolving Credit
Lender on the day such demand is received by the Administrative Agent (except
that any such demand received by the Administrative Agent after 10:00 a.m. (New
York City time) on any Business Day or any such demand received on a day that
is not a Business Day shall not be required to be forwarded to the Revolving
Credit Lenders by the Administrative Agent until the next succeeding Business
Day), together with a statement prepared by the Administrative Agent specifying
the amount of each Revolving Credit Lender’s

 50
 

Ratable
Portion of the aggregate principal amount of the Swing Line Loans demanded to
be paid pursuant to such demand, and, notwithstanding whether or not the
conditions precedent set forth in Section 3.2 shall have been satisfied (which
conditions precedent the Revolving Credit Lenders hereby irrevocably waive),
each Revolving Credit Lender shall, before 2:00 p.m. (New York City time) on
the same Business Day as the date of such Revolving Credit Lender’s receipt of
such written statement, make available to the Administrative Agent, in
immediately available funds, for the account of the Swing Line Loan Lender, the
amount specified in such statement. Upon such payment by a Revolving Credit
Lender, such Revolving Credit Lender shall, except as provided in clause (f)
below, be deemed to have made a Revolving Loan to the Borrower. The
Administrative Agent shall use such funds to repay the Swing Line Loans to the
Swing Line Loan Lender. To the extent that any Revolving Credit Lender fails to
make such payment available to the Administrative Agent for the account of the
Swing Line Loan Lender, the Borrower shall repay such Swing Line Loan on
demand.

(f)                                    Upon the occurrence of a Default
under Section 7.1(f), each Revolving Credit Lender shall purchase, without
recourse or warranty, an undivided participation in each Swing Line Loan
otherwise required to be repaid by such Revolving Credit Lender pursuant to clause
(e) above, which participation shall be in a principal amount equal to such
Revolving Credit Lender’s Ratable Portion of such Swing Line Loan, by paying to
the Swing Line Loan Lender on the date on which such Revolving Credit Lender
would otherwise have been required to make a payment in respect of such Swing
Line Loan pursuant to clause (e) above, in immediately available funds, an
amount equal to such Revolving Credit Lender’s Ratable Portion of such Swing
Line Loan. If such amount is not in fact made available by such Revolving
Credit Lender to the Swing Line Loan Lender on such date, the Swing Line Loan
Lender shall be entitled to recover such amount on demand from such Revolving
Credit Lender together with interest accrued from such date at the Federal
Funds Effective Rate for the first Business Day after such payment was due and
thereafter at the rate of interest then applicable to Base Rate Loans.

(g)                                 From and after the date on which any
Revolving Credit Lender (i) is deemed to have made a Revolving Loan pursuant to
clause (e) above with respect to any Swing Line Loan or (ii) purchases an
undivided participation interest in a Swing Line Loan pursuant to clause (f)
above, the Swing Line Loan Lender shall promptly distribute to such Revolving
Credit Lender such Revolving Credit Lender’s Ratable Portion of all payments of
principal of and interest received by the Swing Line Loan Lender on account of
such Swing Line Loan other than those received from a Revolving Credit Lender
pursuant to clause (e) or (f) above.

2.4                                 Letters
of Credit.

(a)                                  On the terms and subject to the
conditions contained in this Agreement, each Issuer agrees to issue one or more
Letters of Credit denominated in Dollars or euro at the request of the Borrower
for the account of the Borrower from time to time during the period commencing
on the Closing Date and ending on the earlier of the Revolving Credit

 51

Termination
Date and 30 days prior to the Scheduled Termination Date; provided, however,
that no Issuer shall be under any obligation to issue any Letter of Credit if:

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

(ii)                                  such Issuer shall have received
written notice from the Administrative Agent, any Revolving Credit Lender or
the Borrower, on or prior to the requested date of issuance of such Letter of
Credit, that one or more of the applicable conditions contained in Section 3.1,
Section 3.2 or Section 3.3 is not then satisfied;

(iii)                               after giving effect to the issuance
of such Letter of Credit, the aggregate Revolving Credit Outstandings would
exceed the aggregate of the Available Revolving Credit Commitments in effect at
such time;

(iv)                              after giving effect to the issuance
of such Letter of Credit, the Dollar Equivalent of the sum of (i) the Letter of
Credit Undrawn Amounts at such time and (ii) the Reimbursement Obligations at
such time would exceed $20,000,000;

(v)                                 any fees due in connection with a
requested issuance have not been paid;

(vi)                              with respect to any requested Letter
of Credit (Euro), immediately after giving effect to the issuance of such
Letter of Credit, the Revolving Credit Euro Outstandings at such time would
exceed $15,000,000; or

(vii)                           with respect to any requested Letter
of Credit (Euro), the obligation of any Lender to make Revolving Euro Loans is
suspended at such time pursuant to Section 2.14(b) or (d).

None of the Revolving Credit Lenders (other than the
Issuers in their capacity as such) shall have any obligation to issue any
Letter of Credit.

 52
 

(b)                                 In no event shall the expiration
date of (x) any Documentary Letter of Credit 
be later than the earlier of (A) 180 days after the date of issuance and
(B) the later of (i) 30 days prior to the Scheduled Termination Date, and (ii)
if cash collateral in the Applicable Currency and in an amount equal to the
outstanding amount of such Documentary Letter of Credit shall have been duly
deposited with respect to such Letter of Credit in a Cash Collateral Account
with the Administrative Agent prior to the date in clause (x)(B)(i), 90 days
after the Scheduled Termination Date; or (y) any Standby Letter of Credit be
after the earlier of (A) one year from its date of issuance and (B) the later
of (i) 10 Business Days preceding the Scheduled Termination Date and (ii) if
cash collateral in the Applicable Currency and in an amount equal to the outstanding
amount of such Standby Letter of Credit shall have been duly deposited with
respect to such Letter of Credit in a Cash Collateral Account with the
Administrative Agent prior to the date in clause (y)(B)(i), 90 days after the
Scheduled Termination Date, provided that
any Standby Letter of Credit with a one-year term may provide for the renewal
thereof for additional one-year periods (which shall in no event extend beyond
the later date referred to in clause (y)(B) above).

(c)                                  In connection with the issuance of
each Letter of Credit, the Borrower shall give the relevant Issuer and the
Administrative Agent at least two Business Days’ prior written notice, in
substantially the form of Exhibit D (or in such other written or electronic
form as is acceptable to the Issuer), of the requested issuance of such Letter
of Credit (a “Letter of Credit Request”).
Such notice shall be irrevocable and shall specify (i) the Issuer of such
Letter of Credit, (B) the stated amount of the Letter of Credit requested
(which stated amount shall not violate clauses (iii), (iv) or (vi) of Section
2.4(a)), (C) the date of issuance of such requested Letter of Credit (which day
shall be a Business Day), (D) the date on which such Letter of Credit is to
expire (which date shall be a Business Day), (E) the Person for whose benefit
the requested Letter of Credit is to be issued and (F) the aggregate
outstanding principal liability of the Borrower under any Foreign Overdraft
Guaranties on such date of issuance of such Letter of Credit. Such notice, to
be effective, must be received by the relevant Issuer and the Administrative
Agent not later than 12:00 noon (New York City time) on the third Business Day
(in the case of Standby Letters of Credit) or fifth Business Day (in the case
of Documentary Letters of Credit) prior to the requested issuance of such
Letter of Credit.

(d)                                 Subject to the satisfaction of the
conditions set forth in this Section 2.4, the relevant Issuer shall, on the
requested date, issue a Letter of Credit on behalf of the Borrower in
accordance with such Issuer’s usual and customary business practices. No Issuer
shall issue any Letter of Credit in the period commencing on the first Business
Day after it receives written notice from any Lender that one or more of the
conditions precedent contained in Section 3.2 shall not on such date be
satisfied, and ending when such conditions are satisfied. The relevant Issuer
shall not otherwise be required to determine that, or take notice whether, the
conditions precedent set forth in Section 3.2 have been satisfied in connection
with the issuance of any Letter of Credit.

(e)                                  If requested by the relevant Issuer,
prior to the issuance of each Letter of Credit by such Issuer, and as a
condition of such issuance and of the participation of

 53
 

each
Revolving Credit Lender in the Letter of Credit Obligations arising with
respect thereto, the Borrower shall have delivered to such Issuer a letter of
credit reimbursement agreement, in such form as the Issuer may employ in its
ordinary course of business for its own account (a “Letter of Credit Reimbursement Agreement”), signed by the
Borrower, and such other documents or items as may be required pursuant to the
terms thereof. In the event of any conflict between the terms of any Letter of
Credit Reimbursement Agreement and this Agreement, the terms of this Agreement
shall govern.

(f)                                    Each Issuer shall:

(i)                                     give the Administrative Agent
written notice (or telephonic notice confirmed promptly thereafter in writing,
which writing may be a telecopy or electronic mail) of the issuance or renewal
of a Letter of Credit issued by it, of all drawings under a Letter of Credit
issued by it and the payment (or the failure to pay when due) by the Borrower
of any Reimbursement Obligation when due (which notice the Administrative Agent
shall promptly transmit by telecopy, electronic mail or similar transmission to
each Revolving Credit Lender);

(ii)                                  upon the request of any Revolving
Credit Lender, furnish to such Revolving Credit Lender copies of any Letter of
Credit Reimbursement Agreement to which such Issuer is a party and such other
documentation as may reasonably be requested by such Revolving Credit Lender;
and

(iii)                               no later than 10 Business Days
following the last day of each calendar month, provide to the Administrative
Agent (and the Administrative Agent shall provide a copy to each Revolving
Credit Lender requesting the same) and the Borrower separate schedules for
Documentary and Standby Letters of Credit issued by it, in form and substance
reasonably satisfactory to the Administrative Agent, setting forth the
aggregate Letter of Credit Obligations outstanding at the end of each month and
any information requested by the Borrower or the Administrative Agent relating
thereto.

(g)                                 Immediately upon the issuance by an
Issuer of a Letter of Credit in accordance with the terms and conditions of
this Agreement, such Issuer shall be deemed to have sold and transferred to
each Revolving Credit Lender, and each Revolving Credit Lender shall be deemed
irrevocably and unconditionally to have purchased and received from such
Issuer, without recourse or warranty, an undivided interest and participation,
to the extent of such Revolving Credit Lender’s Ratable Portion of the
Revolving Credit Commitments, in such Letter of Credit and the obligations of
the Borrower with respect thereto (including all Letter of Credit Obligations
with respect thereto) and any security therefor and guaranty pertaining
thereto.

(h)                                 The Borrower agrees to pay to the
Issuer of any Letter of Credit the amount of all Reimbursement Obligations
owing to such Issuer under any Letter of Credit in

 54
 

the
Applicable Currency no later than (and such Reimbursement Obligations shall be
due and payable on) the date (the “Reimbursement
Due Date”) that is the next succeeding Business Day after the
Borrower receives notice from the Issuer that payment has been made under such
Letter of Credit, irrespective of any claim, set-off, defense or other right
which the Borrower may have at any time against such Issuer or any other
Person.  In the event that any Issuer
makes any payment under any Letter of Credit, such Reimbursement Obligation
shall bear interest computed from the date on which such Reimbursement
Obligation arose to the date of repayment in full at the rate of interest
applicable during such period to Revolving Loans that are Base Rate Loans (if
the Applicable Currency is Dollars) or Revolving Euro Loans with Interest
Periods of one month (if the Applicable Currency is euro) plus, for the period
from the Reimbursement Due Date to the date of repayment in full, an additional
2% per annum.  Unless the Borrower shall
have notified the Administrative Agent and the Issuer with respect to any
Letter of Credit prior to 10:00 a.m. (New York City time) on the Business Day
prior to (if the Applicable Currency is Dollars) or the fourth Business Day
prior to (if the Applicable Currency is euro) the date on which such Issuer
makes payment under such Letter of Credit that the Borrower intends to
reimburse such Issuer with funds other than proceeds of Revolving Loans or,
notwithstanding such notice, the Borrower shall not have repaid such
Reimbursement Obligation to such Issuer pursuant to this clause (h) in the
Applicable Currency or such payment is rescinded or set aside for any reason,
such Issuer shall promptly notify the Administrative Agent, which shall
promptly notify each Revolving Credit Lender of the Borrower’s intention to use
proceeds of Revolving Loans or failure to repay such Reimbursement Obligation,
and each Revolving Credit Lender shall promptly and unconditionally pay to the
Administrative Agent for the account of such Issuer the amount of such
Revolving Credit Lender’s Ratable Portion of such payment in the Applicable
Currency and in immediately available funds. If the Administrative Agent so
notifies such Revolving Credit Lender on any Business Day, such Revolving
Credit Lender shall make available to the Administrative Agent for the account
of such Issuer its Ratable Portion of the amount of such payment no later than
12:00 noon (New York City time) on the next succeeding Business Day (if the
Applicable Currency is Dollars) or the second succeeding Business Day (if the
Applicable Currency is euro) in the Applicable Currency and in immediately
available funds. Upon such payment by a Revolving Credit Lender, such Revolving
Credit Lender shall, except during the continuance of an Event of Default under
Section 7.1(f) and notwithstanding whether or not the conditions precedent set
forth in Section 3.2 shall have been satisfied (which conditions precedent the
Revolving Credit Lenders hereby irrevocably waive), be deemed to have made a
Revolving Loan to the Borrower in the principal amount of such payment.
Whenever any Issuer receives from the Borrower a payment of a Reimbursement
Obligation as to which the Administrative Agent has received for the account of
such Issuer any payment from a Revolving Credit Lender pursuant to this clause
(h) above, such Issuer shall pay to the Administrative Agent and the
Administrative Agent shall promptly pay to such Revolving Credit Lender, in
immediately available funds, an amount equal to such Revolving Credit Lender’s
Ratable Portion of the amount of such payment adjusted, if necessary, to
reflect the respective amounts the Revolving Credit Lenders have paid in
respect of such Reimbursement Obligation.

(i)                                     The Borrower’s obligation to pay
each Reimbursement Obligation and the obligations of the Revolving Credit
Lenders to make payments to the Administrative Agent for the account of the
Issuers with respect to Letters of Credit in the Applicable Currency shall be
absolute, unconditional and irrevocable, and shall be performed strictly in
accordance

 55
 

with
the terms of this Agreement, under any and all circumstances whatsoever,
including the occurrence of any Default or Event of Default, and irrespective
of:

(i)                                     any lack of validity or
enforceability of any Letter of Credit or any Loan Document, or any term or
provision therein;

(ii)                                  any amendment or waiver of or any
consent to departure from all or any of the provisions of any Letter of Credit
or any Loan Document;

(iii)                               the existence of any claim, set off,
defense or other right that the Borrower, any other party guaranteeing, or
otherwise obligated with, the Borrower, any Subsidiary or other Affiliate
thereof or any other Person may at any time have against the beneficiary under
any Letter of Credit, Issuer, the Administrative Agent or any Lender or any
other Person, whether in connection with this Agreement, any other Loan
Document or any other related or unrelated agreement or transaction;

(iv)                              any draft or other document
presented under a 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;

(v)                                 payment by the Issuer under a Letter
of Credit against presentation of a draft or other document that does not
comply with the terms of such Letter of Credit; and

(vi)                              any other act or omission to act or
delay of any kind of the Issuer, the Lenders, the Administrative Agent or any
other Person or any other event or circumstance whatsoever, whether or not
similar to any of the foregoing, that might, but for the provisions of this
Section, constitute a legal or equitable discharge of the Borrower’s
obligations hereunder.

Any action taken or omitted to be taken by the
relevant Issuer under or in connection with any Letter of Credit, if taken or
omitted in the absence of gross negligence or willful misconduct, shall not put
such Issuer under any resulting liability to the Borrower or any Revolving
Credit Lender. In determining whether drafts and other documents presented
under a Letter of Credit comply with the terms thereof, the 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, in making any payment under any Letter of Credit (x) the Issuer may rely
exclusively on the documents presented to it under such Letter of Credit as to
any and all matters set forth therein, including reliance on the amount of any
draft presented under such Letter of Credit, whether or not the amount due to
the beneficiary thereunder equals the amount of such draft and whether or not
any document presented pursuant to such Letter of

 56
 

Credit proves to be
insufficient in any respect, if such document on its face appears to be in
order, and whether or not any other statement or any other document presented
pursuant to such Letter of Credit proves to be forged or invalid or any
statement therein proves to be inaccurate or untrue in any respect whatsoever
and any noncompliance in any immaterial respect of the documents presented
under such Letter of Credit with the terms thereof shall, in each case, be deemed
not to constitute willful misconduct or gross negligence of the Issuer.

(j)                                     If and to the extent such Revolving
Credit Lender shall not have so made its Ratable Portion of the amount of the
payment required by clause (h) above available to the Administrative Agent for
the account of such Issuer, such Revolving Credit Lender agrees to pay to the
Administrative Agent for the account of such Issuer forthwith on demand such
amount together with interest thereon, for the first Business Day after payment
was first due at the Federal Funds Effective Rate, and thereafter until such
amount is repaid to the Administrative Agent for the account of such Issuer, at
the rate per annum applicable to Base Rate Loans under the Revolving Credit
Facility (if not a Letter of Credit (Euro)) or Revolving Euro Loans with
Interest Periods determined by the Administrative Agent (if a Letter of Credit
(Euro)).  The failure of any Revolving
Credit Lender to make available to the Administrative Agent for the account of
such Issuer its Ratable Portion of any such payment shall not relieve any other
Revolving Credit Lender of its obligation hereunder to make available to the
Administrative Agent for the account of such Issuer its Ratable Portion of any
payment on the date such payment is to be made, but no Revolving Credit Lender
shall be responsible for the failure of any other Revolving Credit Lender to
make available to the Administrative Agent for the account of the Issuer such
other Revolving Credit Lender’s Ratable Portion of any such payment.

2.5                                 Reduction
and Termination of the Commitments.

(a)                                  The Borrower may, upon at least
three Business Days’ prior notice to the Administrative Agent, terminate in
whole or reduce in part, without premium or penalty (other than any amounts owing
pursuant to Section 2.14(e)), ratably the unused portions of the respective
Revolving Credit Commitments of the Revolving Credit Lenders; provided, however,
that each partial reduction shall be in the aggregate amount equal to
$1,000,000 or an integral multiple in excess thereof.

(b)                                 The then current Revolving Credit
Commitments shall be reduced on each date on which a prepayment of Revolving
Loans or Swing Line Loans is made pursuant to Section 2.9(a) and (b) or would
be required to be made had the outstanding Revolving Loans and Swing Line Loans
equaled the Revolving Credit Commitments then in effect, in each case in the
amount of such prepayment (or deemed prepayment) (and the Revolving Credit
Commitment of each Lender shall be reduced by its Ratable Portion of such
amount).

(c)                                  The Tranche A (Euro) Term Loan
Commitments were reduced to zero upon the funding of Tranche A (Euro) Term
Loans on the Closing Date.

 57
 

(d)                                 The Existing Tranche B Term Loan
Commitments were reduced to zero upon the funding of Existing Tranche B Term
Loans on the Closing Date and the Additional Tranche B Term Loan Commitments
shall be reduced to zero upon the funding of the Additional Tranche B Term
Loans on the Amendment Closing Date.

2.6                                 Repayment
of Loans.

(a)                                  The Borrower shall repay the entire
unpaid principal amount of the Revolving Loans and the Swing Line Loans on the
Scheduled Termination Date.

(b)                                 The Borrower shall repay the Tranche
A (Euro) Term Loans on the dates (or, if any such date is not a Business Day,
the next preceding Business Day) and in the amounts set forth below:

	
  Date

  	
   

  	
  Amount of Principal (€)

  	
   

  
	
  July 31, 2007

  	
   

  	
  1,387,873.51

  	
   

  
	
  October 31, 2007

  	
   

  	
  1,387,873.51

  	
   

  
	
  January 31, 2008

  	
   

  	
  1,387,873.51

  	
   

  
	
  April 30, 2008

  	
   

  	
  1,387,873.51

  	
   

  
	
  July 31, 2008

  	
   

  	
  1,387,873.51

  	
   

  
	
  October 31, 2008

  	
   

  	
  2,775,747.65

  	
   

  
	
  January 11, 2009

  	
   

  	
  2,775,752.56

  	
   

  

 

provided,
however, that the Borrower shall
repay the entire unpaid principal amount of the Tranche A (Euro) Term Loans on
the Tranche A (Euro) Term Loan Maturity Date.

(c)                                  The Borrower shall repay the Tranche
B Term Loans on the dates (or, if any such date is not a Business Day, the next
preceding Business Day) and in the amounts set forth below:

	
  Date

  	
   

  	
  Amount of Principal ($)

  	
   

  
	
  July 31, 2007

  	
   

  	
  486,644.43

  	
   

  
	
  October 31, 2007

  	
   

  	
  486,644.43

  	
   

  
	
  January 31, 2008

  	
   

  	
  486,644.43

  	
   

  
	
  April 30, 2008

  	
   

  	
  486,644.43

  	
   

  
	
  July 31, 2008

  	
   

  	
  486,644.43

  	
   

  
	
  October 31, 2008

  	
   

  	
  486,644.43

  	
   

  
	
  January 31, 2009

  	
   

  	
  486,644.43

  	
   

  
	
  April 30, 2009

  	
   

  	
  486,644.43

  	
   

  
	
  July 31, 2009

  	
   

  	
  486,644.43

  	
   

  
	
  October 31, 2009

  	
   

  	
  486,644.43

  	
   

  
	
  January 11, 2010

  	
   

  	
  185,679,197.75

  	
   

  

 

 58
 

provided,
however, that the Borrower shall
repay the entire unpaid principal amount of the Tranche B Term Loans on the
Tranche B Term Loan Maturity Date.

2.7                                 Evidence
of Debt.

(a)                                  Each Lender shall maintain in
accordance with its usual practice an account or accounts evidencing
Indebtedness of the Borrower to such Lender resulting from each Loan of such
Lender from time to time, including the amounts of principal and interest
payable and paid to such Lender from time to time under this Agreement.

(b)                                 The Administrative Agent shall
maintain accounts in accordance with its usual practice in which it will record
(i) the amount of each Loan made and, if a LIBO Rate Loan, the Interest Period
applicable thereto, (ii) the amount of any principal or interest due and
payable by the Borrower to each Lender hereunder and (iii) the amount of any
sum received by the Administrative Agent hereunder from the Borrower and each
Lender’s share thereof, if applicable.

(c)                                  The entries made in the accounts
maintained pursuant to clauses (a) and (b) of this Section 2.7 shall, to the extent
permitted by applicable law, be prima facie evidence of the existence and
amounts of the obligations recorded therein; provided,
however, that the failure of any
Lender or the Administrative Agent to maintain such accounts or any error
therein shall not in any manner affect the obligations of the Borrower to repay
the Loans in accordance with their terms.

(d)                                 Notwithstanding any other provision
of the Agreement, in the event that any Lender requests that the Borrower
execute and deliver a promissory note or notes payable to such Lender in order
to evidence the Indebtedness owing to such Lender by the Borrower hereunder,
the Borrower will promptly execute and deliver a Note or Notes to such Lender
evidencing any Term Loans and Revolving Loans, as the case may be, of such
Lender, substantially in the forms of Exhibit B-1, B-2 or B-3, respectively.

2.8                                 Optional
Prepayments.

(a)                                  Revolving Loans.

The Borrower may, upon at least (i) three Business
Days’ prior notice to the Administrative Agent for any such Loan that is a LIBO
Rate Dollar Loan, (ii) four Business Days’ prior notice to the Administrative
Agent for any such Loan that is a LIBO Rate Euro Loan or (iii) one Business Day’s
prior notice to the Administrative Agent for any such Loan that is a Base Rate Loan,
which notice shall be substantially in the form of Exhibit J (a “Notice of Optional Prepayment”) and shall
be given by 12:00 noon (New York City time) on the date required and state the
proposed date and aggregate principal amount and Applicable Currency of

 59
 

the prepayment, prepay
the outstanding principal amount of the Revolving Loans or Swing Line Loans in
whole or in part, without premium or penalty (other than any amounts owing
pursuant to Section 2.14(e)), in the Applicable Currency, together with (except
in the case of Base Rate Loans) accrued interest to the date of such prepayment
on the principal amount prepaid; provided,
however, that if any prepayment
of any LIBO Rate Loan is made by the Borrower other than on the last day of an
Interest Period for such Loan, the Borrower shall also pay any amounts owing
pursuant to Section 2.14(e); and, provided,
further, that each partial prepayment shall be in an aggregate
principal amount equal to (i) if a Dollar Loan, $1,000,000 or an integral
multiple in excess thereof or (ii) if a Euro Loan, €1,000,000 or an integral
multiple in excess thereof.  Any Notice
of Optional Prepayment shall be irrevocable and, upon the giving of any such
Notice of Optional Prepayment, the principal amount of Revolving Loans specified
to be prepaid shall become due and payable on the date specified for such
prepayment.

(b)                                 Term Loans.

The Borrower may, upon at least (i) three Business
Days’ prior notice to the Administrative Agent for any such Loan that is a LIBO
Rate Dollar Loan, (ii) four Business Days’ prior notice to the Administrative
Agent for any such Loan that is a LIBO Rate Euro Loan or (iii) one Business Day’s
prior notice to the Administrative Agent for any such Loan that is a Base Rate
Loan, which notice shall be a Notice of Optional Prepayment and shall be given
prior to 12:00 noon (New York City time) on the date required and state the
proposed date and aggregate principal amount of the prepayment, prepay the
outstanding principal amount of a Tranche of the Term Loans, in whole or in
part, in the Applicable Currency, together with accrued interest to the date of
such prepayment on the principal amount prepaid; provided, however,
that if any prepayment of any LIBO Rate Loan is made by the Borrower other than
on the last day of an Interest Period for such Loan, the Borrower shall also
pay any amounts owing pursuant to Section 2.14(e); and, provided, further,
that (i) each partial prepayment shall be in an aggregate principal amount
equal to (A) if a Dollar Loan, $1,000,000 or an integral multiple in excess
thereof or (B) if a Euro Loan, €1,000,000 or an integral multiple in excess
thereof and (ii) any such partial prepayment shall be applied to reduce ratably
the remaining installments of such outstanding principal amount of the
respective Tranche of Term Loans specified by the Borrower to be so repaid on a
pro rata basis.  Any Notice of Optional
Prepayment shall be irrevocable and, upon the giving of any such Notice of
Optional Prepayment, the principal amount of the Term Loans specified to be
prepaid shall become due and payable on the date specified for such prepayment.

(c)                                  The Borrower shall have no right to
voluntary prepay the principal amount of any Revolving Loan or any Term Loan
other than as provided in this Section 2.8.

2.9                                 Mandatory
Prepayments.

(a)                                  Upon receipt by Holdings, the
Borrower or any of its Subsidiaries of (i) Net Cash Proceeds arising from an
Asset Sale, Recovery Event or Debt Issuance, the Borrower shall immediately
prepay the Loans (or provide cash collateral in respect of Letters of

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Credit)
in an amount equal to 100% of such Net Cash Proceeds; or (ii) Net Cash Proceeds
arising from an Equity Issuance (other than Permitted Cure Securities), the
Borrower shall immediately prepay the Loans (or provide cash collateral in
respect of Letters of Credit) in an amount equal to 50% of such Net Cash
Proceeds; provided, however, that in the case of any Net Cash
Proceeds constituting the Reinvestment Deferred Amount with respect to a
Reinvestment Event, the Borrower shall prepay the Loans (or provide cash
collateral in respect of Letters of Credit) in an amount equal to the
Reinvestment Prepayment Amount applicable to such Reinvestment Event, if any,
on the Reinvestment Prepayment Date with respect to such Reinvestment Event; provided, however,
that the amount of Net Cash Proceeds received in the same Fiscal Year from one
or more Reinvestment Events that may be specified as Reinvestment Deferred
Amounts in one or more Reinvestment Notices shall not exceed $30,000,000 in the
aggregate for all such Net Cash Proceeds so received.  Any such mandatory prepayment shall be
applied in accordance with Section 2.9(c) below.

(b)                                 If the Consolidated Leverage Ratio
for the last day of any Fiscal Year is greater than or equal to 5.0 to 1.0, the
Borrower shall prepay the Loans, on a date no later than 5 days after the
earlier of (i) the date on the Financial Statements of the Borrower referred to
in Section 5.1(a) for such Fiscal Year are required to be delivered to the
Lenders and (ii) the date such financial statements are actually delivered, in
an amount equal to 50% (provided that,
(A) such amount shall be reduced to 25% if the Consolidated Leverage Ratio on
the date pursuant to this Section 2.9(b) is less than 5.0 to 1.0, but greater
than or equal to 4.0 to 1.0 and (B) no mandatory prepayment shall be required
pursuant to this Section 2.9(b) if the Consolidated Leverage Ratio on the date
pursuant to this Section 2.9(b) is less than 4.0 to 1.0) of Excess Cash Flow
for such Fiscal Year.  Any such mandatory
prepayment shall be applied in accordance with Section 2.9(c) below.

(c)                                  Any prepayments made by the Borrower
required to be applied in accordance with this Section 2.9(c) shall be applied
as follows: first, to prepay the
outstanding principal balance of the Term Loans, until such Term Loans shall
have been prepaid in full; second,
to repay the outstanding principal balance of the Swing Line Loans, until such
Swing Line Loans shall have been repaid in full; third, to repay the outstanding principal balance of the
Revolving Loans, until such Revolving Loans shall have been paid in full; and then, to provide cash collateral for any
Letter of Credit Obligations in the manner set forth in Section 7.3 until all
such Letter of Credit Obligations have been fully cash collateralized in the
manner set forth therein.  All
prepayments of the Term Loans made pursuant to this Section 2.9 shall be
applied to reduce ratably the remaining installments of such outstanding
principal amounts of the Term Loans of both Tranches on a pro rata basis.  All repayments of Revolving Loans and Swing
Line Loans required to be made pursuant to Section 2.9(a) or (b) (or which
would be required to be made had the outstanding Revolving Loans and Swing Line
Loans equaled the Revolving Credit Commitments then in effect) shall result in
a permanent reduction of the Revolving Credit Commitments as provided in
Section 2.5(b).

(d)                                 If at any time the aggregate
Revolving Credit Outstandings exceed the aggregate Available Revolving Credit
Commitments at such time, the Borrower shall

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forthwith
prepay the Swing Line Loans first and then the Revolving Loans then outstanding
in an amount equal to such excess. If any such excess remains after repayment
in full of the aggregate outstanding Swing Line Loans and Revolving Loans, the
Borrower shall provide cash collateral for the Letter of Credit Obligations in
the manner set forth in Section 7.3 in an amount equal to such excess.

(e)                                  If at any time the aggregate
Revolving Credit Euro Outstandings exceed $15,000,000, the Borrower shall
forthwith prepay the Revolving Euro Loans then outstanding in an amount equal
to such excess. If any such excess remains after repayment in full of the
aggregate outstanding Revolving Euro Loans, the Borrower shall provide cash
collateral for the Letter of Credit (Euro) Obligations in the manner set forth
in Section 7.3 in an amount equal to such excess.

(f)                                    No mandatory prepayment of the
Tranche A (Euro) Term Loans will be required as a result of any changes in the
rate of exchange for Dollars and euro.

(g)                                 No later than the time at which the
Borrower makes any mandatory prepayment to the Administrative Agent pursuant to
this Section 2.9, the Borrower shall notify the Administrative Agent in writing
of the amount of any such mandatory prepayment and the reason therefor.

2.10                           Interest.

(a)                                  Rate of Interest.

All Loans and the outstanding amount of all other
Obligations shall bear interest, in the case of Loans, on the unpaid principal
amount thereof from the date such Loans are made and, in the case of such other
Obligations, from the date such other Obligations become due and payable until,
in all cases, paid in full, except as otherwise provided in Section 2.10(c), as
follows:

(i)                                     in the case of a Base Rate Loan, at
a rate per annum equal to the sum of (A) the Base Rate as in effect from time
to time plus (B) the Applicable Margin in effect
from time to time for such Loan;

(ii)                                  in the case of a LIBO Rate Loan, at
a rate per annum equal to the sum of (A) the LIBO Rate determined for the
applicable Interest Period plus (B) the
Applicable Margin in effect from time to time for such Loan during such
Interest Period; and

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(iii)                               in the case of any Obligations
(other than Loans) that have become due and payable, (x) if such other
Obligation constitutes interest in respect of the Tranche B Term Loan, at a
rate per annum equal to the sum of (A) the Base Rate as in effect for time to
time plus (B) the Applicable Margin for the
Tranche B Term Loan in effect from time to time plus (C) 2% per annum or
(y) otherwise, at a rate per annum equal to the sum of (A) the Base Rate as in
effect from time to time plus (B) the
Applicable Margin for Revolving Loans in effect from time to time plus (C) 2% per annum.

(b)                                 Interest Payments.

(i)                                     Interest accrued on each Base Rate
Loan (including Swing Line Loans) shall be due and payable in arrears (A) on
the last Business Day of each calendar quarter, (B) in the case of Base Rate
Loans that are Term Loans, upon the payment or prepayment thereof in full or in
part, and (C) if not previously paid in full, at maturity (whether by
acceleration or otherwise) of such Base Rate Loan.

(ii)                                  Interest accrued on each LIBO Rate
Loan shall be due and payable in arrears (A) on the last day of each Interest
Period applicable to such Loan and if such Interest Period has a duration of
more than three months, on each day during such Interest Period which occurs
every three months from the first day of such Interest Period, (B) upon the
payment or prepayment thereof in full or in part, and (C) if not previously
paid in full, at maturity (whether by acceleration or otherwise) of such LIBO
Rate Loan.

(iii)                               Interest accrued on the amount of
all other Obligations shall be due and payable on demand at any time and from
time to time after such Obligation becomes due and payable (whether by
acceleration or otherwise).

(c)                                  Interest on Defaulted Principal.

Any principal of any outstanding Loan that has become
due and payable shall bear interest at a rate which is 2% per annum in excess
of the rate of interest otherwise applicable to such Loan from time to time.

(d)                                 Currency of Payment.

Interest on any Loan or other Obligation shall be
payable in the same currency as the currency in which such Loan or other
Obligation is payable.

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2.11                           Conversion/Continuation
Option.

(a)                                  The Borrower may elect (i) at any
time to convert Base Rate Loans (other than Swing Line Loans) or any portion
thereof to LIBO Rate Dollar Loans in an Applicable Currency Denomination, (ii)
at any time to convert LIBO Rate Dollar Loans or any portion thereof into Base
Rate Loans in an Applicable Currency Denomination, (iii) at the end of any
applicable Interest Period to continue LIBO Rate Loans or any portion thereof
in an Applicable Currency Denomination for an additional Interest Period in the
same Applicable Currency, or (iv) at the end of any Interest Period for any
LIBO Loans comprising all or a portion of the Tranche A (Euro) Term Loan, to
continue such LIBO Loans or any portion thereof that is at least €5,000,000
(but is not in an Applicable Currency Denomination) for an additional Interest
Period, so long as all other LIBO Loans comprising the Tranche A (Euro) Term
Loan are in an Applicable Currency Denomination; provided, however,
that, if any such conversion of any LIBO Rate Dollar Loan is made pursuant to
clause (ii) above other than on the last day of an Interest Period for such
Loan, the Borrower shall also pay any amounts owing pursuant to Section
2.14(e).  Each conversion or continuation
shall be allocated among the Loans of each Lender in accordance with its
Ratable Portion. Each such election shall be in substantially the form of
Exhibit E hereto (a “Notice of Conversion or
Continuation”) and shall be made by giving the Administrative Agent
written notice no later than 12:00 noon (New York City time) on the date three
Business Days (other than in the case of a continuation of any Euro Loan) or
four Business Days (in the case of a continuation of any Euro Loan) in advance
of the relevant conversion or continuation, which notice shall specify (A) the
amount, type and Applicable Currency of Loan being converted or continued, (B)
in the case of a conversion to LIBO Rate Dollar Loans or a continuation of LIBO
Rate Loans, the applicable Interest Period, (C) in the case of a conversion,
the date of conversion (which date shall be a Business Day) and (D) in the case
of any conversion or continuation of any Revolving Loan, the aggregate
outstanding principal liability of the Borrower under any Foreign Overdraft
Guaranties on such date of conversion or continuation.  In lieu of giving a Notice of Conversion or
Continuation for any conversion or continuation, the Borrower may give the
Administrative Agent telephonic notice prior to the time required for giving a
Notice of Conversion or Continuation; provided,
however, that such telephonic
notice shall be promptly confirmed in writing by delivery of a duly executed
Notice of Conversion or Continuation to the Administrative Agent prior to the
date of conversion or continuation.

(b)                                 The Administrative Agent shall
promptly notify each Lender of its receipt of a Notice of Conversion or
Continuation (or of telephonic notice duly given in lieu thereof) and of the
options selected therein. Notwithstanding the foregoing, (i) Euro Loans may not
be converted into Base Rate Loans or into LIBO Rate Dollar Loans; (ii) no
conversion in whole or in part of Base Rate Loans to LIBO Rate Dollar Loans,
and no continuation in whole or in part of LIBO Rate Dollar Loans upon the expiration
of any applicable Interest Period, and no election of an Interest Period in
excess of one month in respect of any Euro Loans, shall be permitted at any
time at which a Default or an Event of Default shall have occurred and be
continuing; and (iii) no conversion in whole or in part of Base Rate Loans to
LIBO Rate Dollar Loans, and no continuation in whole or in part of LIBO Rate
Loans upon the expiration of any applicable Interest Period, shall be permitted
at any time at which such conversion into, or

 64
 

continuation
of, would violate any of the provisions of Section 2.14. If, within the time
period required under the terms of this Section 2.11, the Administrative Agent
does not receive a Notice of Conversion or Continuation from the Borrower
containing a permitted election to continue any LIBO Rate Loans for an
additional Interest Period or to convert any such Loans, then, upon the
expiration of the applicable Interest Period, (i) if such Loans are LIBO Rate
Dollar Loans, such Loans will be automatically converted to Base Rate Loans or
(ii) if such Loans are Euro Loans, such Loans shall be automatically continued
as Euro Loans with an Interest Period of one month.  Each Notice of Conversion or Continuation
shall be irrevocable.

2.12                           Fees.

(a)                                  Unused Commitment Fee.

The Borrower agrees to pay to each Revolving Credit
Lender a commitment fee in Dollars on the daily average amount by which the
Revolving Credit Commitment of such Lender exceeds such Lender’s Ratable
Portion of the excess of (x) the Revolving Credit Outstandings over (y) the
amount of any outstanding Swing Line Loans (the “Unused
Commitment Fee”) from the date hereof until the Revolving Credit
Termination Date at the Applicable Unused Commitment Fee Rate, payable in
arrears (i) on the last Business Day of each calendar quarter, and (ii) on the
Revolving Credit Termination Date.

(b)                                 Letter of Credit Fees.

The Borrower agrees to pay the following amounts with
respect to Letters of Credit issued by any Issuer:

(i)                                     to the Administrative Agent for the
account of each Issuer of a Letter of Credit, with respect to each Letter of
Credit issued by such Issuer, an issuance fee in the Applicable Currency equal
to 0.25% per annum of the maximum amount available from time to time to be
drawn under such Letter of Credit, payable in arrears (A) on the last Business
Day of each calendar quarter, commencing on the first such Business Day
following the issuance of such Letter of Credit and (B) on the Revolving Credit
Termination Date (or, if any cash collateral has been deposited with respect to
such Letter of Credit pursuant to clause (x)(B)(ii) or (y)(B)(ii) of Section
2.4(b), the date of expiration of such Letter of Credit);

(ii)                                  to the Administrative Agent for the
ratable benefit of the Revolving Credit Lenders, with respect to each Letter of
Credit, a fee in the Applicable Currency accruing at a rate per annum equal to
the Applicable Margin for Revolving Loans that are LIBO Rate Loans, of the
maximum amount available from time to time to be drawn under such Letter of
Credit, payable in arrears on the last Business Day of each calendar quarter,
commencing on the first such Business Day following the issuance of

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such
Letter of Credit and (ii) on the Revolving Credit Termination Date (or, if any
cash collateral has been deposited with respect to such Letter of Credit
pursuant to clause (x)(B)(ii) or (y)(B)(ii) of Section 2.4(b), the date of
expiration of such Letter of Credit); provided,
however, that during the
continuance of an Event of Default under Section 7.1(a) in respect of principal
or interest, such fee shall be increased by 2.00% per annum and shall be
payable on demand, and during the continuance of any other Event of Default, by
written notice to the Borrower given by the Administrative Agent acting upon the
direction of the Requisite Lenders, the Requisite Lenders may require that such
fee shall be increased to the per annum rate equal to the rate otherwise
applicable to such fee plus 2.00% per annum and shall be payable on demand; and

(iii)                               to the Issuer of any Letter of
Credit, with respect to the issuance, amendment or transfer of each Letter of
Credit and each drawing made thereunder, documentary and processing charges in
accordance with such Issuer’s standard schedule for such charges in effect at
the time of issuance, amendment, transfer or drawing, as the case may be.

(c)                                  Additional Fees.

The Borrower has agreed to pay to the Arrangers
additional fees, the amount and dates of payment of which are embodied in the
Engagement Letter and the Appointment Letter.

2.13                           Payments
and Computations.

(a)                                  The Borrower shall make each payment
hereunder (including fees and expenses) not later than 12:00 noon (New York
City time) on the day when due, in the Applicable Currency, to the
Administrative Agent at an account designated from time to time by the
Administrative Agent at a bank in New York City (or, in the case of payments in
euro, at an account designated from time to time by the Administrative Agent as
the place for payments in euro) in immediately available funds without set-off
or counterclaim. The Administrative Agent will promptly thereafter cause to be
distributed immediately available funds relating to the payment of principal or
interest or fees to the Lenders, in accordance with the application of payments
set forth in clauses (e) and (f) of this Section 2.13, as applicable, for the
account of their respective Applicable Lending Offices; provided, however,
that amounts payable pursuant to Section 2.14(c), Section 2.14(e), Section 2.15
or Section 2.16 shall be paid only to the affected Lender or Lenders and
amounts payable with respect to Swing Line Loans shall be paid only to the
Swing Line Loan Lender. Payments received by the Administrative Agent after
12:00 noon (New York City time) shall be deemed to be received on the next
Business Day.

(b)                                 All computations of interest based
on clause (a) of the definition of Base Rate shall be made by the
Administrative Agent on the basis of a year of 365 or 366 days, as the case may
be, and all other computations of interest and fees shall be made by the
Administrative Agent on the basis of a year of 360 days, in each case for the
actual number of

 66
 

days
(including the first day but excluding the last day) occurring in the period
for which such interest and fees are payable. Each determination by the
Administrative Agent of an interest rate hereunder shall be conclusive and
binding for all purposes, absent manifest error.

(c)                                  Except as otherwise specified
herein, whenever any payment hereunder shall be stated to be due on a day other
than a Business Day, such payment shall be made on the next succeeding Business
Day, and such extension of time shall in such case be included in the
computation of payment of interest or fees, as the case may be; provided, however,
that if such extension would cause payment of interest on or principal of any
LIBO Rate Loan to be made in the next calendar month, such payment shall be
made on the immediately preceding Business Day. All repayments of any Revolving
Loans, Tranche A (Euro) Term Loans or Tranche B Term Loans shall be applied as
follows:  first
to repay such Loans outstanding as Base Rate Loans and then
to repay such Loans outstanding as LIBO Rate Loans with those LIBO Rate Loans
which have earlier expiring Interest Periods being repaid prior to those which
have later expiring Interest Periods.

(d)                                 Unless the Administrative Agent
shall have received notice from the Borrower to the Lenders prior to the date
on which any payment is due hereunder that the Borrower will not make such payment
in full, the Administrative Agent may assume that the Borrower has made such
payment in full to the Administrative Agent on such date and the Administrative
Agent may, in reliance upon such assumption, cause to be distributed to each
Lender on such due date an amount equal to the amount then due such Lender. If
and to the extent the Borrower shall not have made such payment in full to the
Administrative Agent, each Lender shall repay to the Administrative Agent
forthwith on demand such amount distributed to such Lender together with
interest thereon at the Federal Funds Effective Rate, for the first Business
Day, and, thereafter, at the rate applicable to Base Rate Loans, for each day
from the date such amount is distributed to such Lender until the date such
Lender repays such amount to the Administrative Agent.

(e)                                  Subject to the provisions of clause
(f) of this Section 2.13 and except as otherwise provided in Section 2.9, all
payments and any other amounts received by the Administrative Agent from or for
the benefit of the Borrower shall be applied first,
to pay all Obligations then due and payable; and second,
as the Borrower so designates.  Payments
in respect of Swing Line Loans received by the Administrative Agent shall be
distributed to the Swing Line Loan Lender; payments in respect of Revolving
Loans received by the Administrative Agent shall be distributed to each
Revolving Credit Lender in accordance with such Lender’s Ratable Portion of the
Revolving Credit Commitments; payments in respect of the Tranche A (Euro) Term
Loans received by the Administrative Agent shall be distributed to each Tranche
A (Euro) Term Loan Lender in accordance with such Lender’s Ratable Portion of
the Tranche A (Euro) Term Loans; payments in respect of the Tranche B Term
Loans received by the Administrative Agent shall be distributed to each Tranche
B Term Loan Lender in accordance with such Lender’s Ratable Portion of the
Tranche B Term Loans; and all payments of fees and all other payments in
respect of any other Obligation shall be allocated among such

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of
the Lenders and Issuers as are entitled thereto, and, if to the Lenders, in
proportion to their respective Ratable Portions.

(f)                                    The Borrower hereby irrevocably
waives the right to direct the application of any and all payments in respect
of the Obligations and any proceeds of Collateral after the occurrence and
during the continuance of an Event of Default, and agrees that, if an Event of
Default has occurred and is continuing, the Administrative Agent may, and shall
upon either (A) the written direction of the Requisite Revolving Credit
Lenders, the Requisite Tranche A (Euro) Term Loan Lenders and the Requisite
Tranche B Term Loan Lenders or (B) the acceleration of the Obligations pursuant
to Section 7.2, apply all payments in respect of any Obligations and all funds
on deposit in any Cash Collateral Accounts (including all proceeds arising from
any Reinvestment Event that are held in a Cash Collateral Account pending
application thereof as specified in a Reinvestment Notice) and all other
proceeds of Collateral in the following order:

(i)                                     first, to pay Obligations in respect of
any expense reimbursements or indemnities then due the Administrative Agent and
the Collateral Agent;

(ii)                                  second, to pay Obligations in respect of
any expense reimbursements or indemnities then due to the Lenders and the
Issuers;

(iii)                               third, to pay Obligations in respect of
any fees then due to the Administrative Agent, the Collateral Agent, the
Lenders and the Issuers;

(iv)                              fourth, to pay interest then due and
payable in respect of the Loans and Reimbursement Obligations;

(v)                                 fifth, to pay or prepay principal
payments on the Loans and Reimbursement Obligations and any Obligations owing
with respect to Hedging Contracts and to provide cash collateral for
outstanding Letter of Credit Undrawn Amounts in the manner described in Section
7.3, ratably to the aggregate principal amount of such Loans, Reimbursement
Obligations and Letter of Credit Undrawn Amounts and Obligations owing with
respect to Hedging Contracts; and

(vi)                              sixth, to the ratable payment of all
other Obligations;

provided,
however, that if sufficient funds
are not available to fund all payments to be made in respect of any of the
Obligations described in any of clauses first through sixth, the available funds being applied with respect to any
such Obligation (unless otherwise specified in such clause) shall be allocated
to the payment of such Obligations ratably, based on the proportion of

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the Administrative Agent’s
and each Lender’s or Issuer’s interest in the aggregate outstanding Obligations
described in such clauses. The order of priority set forth in clauses first through sixth of this
Section 2.13(f) may at any time and from time to time be changed by the
agreement of the Requisite Revolving Lenders and the Requisite Term Loan
Lenders without necessity of notice to or consent of or approval by the
Borrower, any Secured Party that is not a Lender or Issuer, or by any other
Person that is not a Lender or Issuer. The order of priority set forth in
clauses first through third
of this Section 2.13(f) may be changed only with the prior written consent of
the Administrative Agent and the Collateral Agent in addition to the Requisite
Revolving Credit Lenders, the Requisite Tranche A (Euro) Term Loan Lenders and
Requisite Tranche B Term Loan Lenders.

(g)                                 The Administrative Agent reserves
the right to apply against the repayment of any Obligations owing in any
currency, any repayment and other amounts that may be applied in accordance
with other provisions of this Agreement to repay such Obligations, regardless
of the currency in which such repayments and amounts were received or are held.

2.14                           Special
Provisions Governing LIBO Rate Loans.

(a)                                  Determination of Interest Rate.

The LIBO Rate for each Interest Period for LIBO Rate
Loans shall be determined by the Administrative Agent pursuant to the
procedures set forth in the definition of “LIBO Rate.”  The Administrative Agent’s determination
shall be presumed to be correct, absent manifest error, and shall be binding on
the Borrower.

(b)                                 Interest Rate Unascertainable,
Inadequate or Unfair.

In the event that: (x) the Administrative Agent
determines that adequate and fair means do not exist for ascertaining the
applicable interest rates by reference to which the LIBO Rate for any LIBO Rate
Loan then being determined is to be fixed; or (y) the Requisite Lenders notify
the Administrative Agent that the LIBO Rate for any Interest Period for any
LIBO Rate Loan will not adequately reflect the cost to the Lenders of making or
maintaining such Loan for such Interest Period, the Administrative Agent shall
forthwith so notify the Borrower and the Lenders, whereupon:

(i)                                     if the affected Loans are LIBO Rate
Dollar Loans, each LIBO Rate Dollar Loan will automatically, on the last day of
the current Interest Period for such Loan, convert into a Base Rate Loan and
the obligations of the Lenders to make LIBO Rate Dollar Loans or to convert
Base Rate Loans into LIBO Rate Dollar Loans shall be suspended;

 69
 

(ii)                                  if the affected Loans are Revolving
Euro Loans, each Revolving Euro Loan will automatically on the last day of the
current Interest Period for such Loan, become due and payable and the
obligations of the Lenders to make Revolving Euro Loans shall be suspended; or

(iii)                               if the affected Loans are Tranche A
(Euro) Term Loans, the determination of the LIBO Rate for such Tranche A (Euro)
Term Loans based on the definition thereof in Article 1 will be suspended and
the LIBO Rate for each Tranche A (Euro) Term Loan from and after the last day
of the current Interest Period for such Loan will be equal to a rate reasonably
determined by the Administrative Agent as representing the cost to Lenders
generally holding such Tranche A (Euro) Term Loans of funding such Loans in
euro for such Interest Period;

in any case until the
Administrative Agent shall notify the Borrower that the Requisite Lenders have
determined that the circumstances causing such suspension no longer exist.

(c)                                  Increased Costs.

If at any time any Lender shall determine that because
of the introduction after the Closing Date of or any change after the Closing
Date in or in the interpretation of any law, treaty or governmental rule,
regulation or order (other than any change by way of imposition or increase of
reserve requirements included in determining the LIBO Rate) or the compliance
by such Lender with any guideline, request or directive promulgated or given
after the Closing Date by or on behalf of any central bank or other
Governmental Authority (whether or not having the force of law), there shall be
any increase in the cost to such Lender of agreeing to make or making, funding
or maintaining any LIBO Rate Dollar Loans or Euro Loans, then the Borrower
shall from time to time, upon demand by such Lender (with a copy of such demand
to the Administrative Agent), pay to the Administrative Agent for the account
of such Lender additional amounts sufficient to compensate such Lender for such
increased cost; provided, however, that the Borrower shall not be
required to compensate a Lender pursuant to this paragraph for any amounts
incurred more than 270 days prior to the date that such Lender initially
notifies the Borrower of such Lender’s intention to claim compensation
therefor; and provided, further,
that, if the circumstances giving rise to such claim have a retroactive effect,
then such 270 day period shall be extended to include the period of such
retroactive effect.  A certificate as to
the amount of such increased cost and setting forth in reasonable detail the
basis of the calculation of such cost, submitted to the Borrower and the
Administrative Agent by such Lender, shall be conclusive and binding for all
purposes, absent manifest error.

(d)                                 Illegality.

Notwithstanding any other provision of this Agreement,
if any Lender determines that the introduction after the Closing Date of or any
change after the Closing Date in or in the

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interpretation of any
law, treaty or governmental rule, regulation or order shall make it unlawful,
or any central bank or other Governmental Authority shall assert after the
Closing Date that it is unlawful, for any Lender or its LIBOR Lending Office to
make LIBO Rate Dollar Loans or Euro Loans or to continue to fund or maintain
LIBO Rate Dollar Loans or Euro Loans, then, on notice thereof and demand
therefor by such Lender to the Borrower through the Administrative Agent:

(i)                                     if the affected Loans are LIBO Rate
Dollar Loans, (x) the obligation of such Lender to make or to continue LIBO
Rate Dollar Loans and to convert Base Rate Loans into LIBO Rate Dollar Loans
shall be suspended, and each such Lender shall make a Base Rate Loan as part of
any requested Borrowing of LIBO Rate Dollar Loans, and (y) if LIBO Rate Dollar
Loans are then outstanding, the Borrower shall immediately convert each such
Loan into a Base Rate Loan;

(ii)                                  if the affected Loans are Revolving
Euro Loans, (x) the obligation of such Lender to make or to continue Revolving
Euro Loans shall be suspended and each such Lender shall make a Base Rate Loan
as part of any requested Borrowing of Revolving Euro Loans and (y) if Revolving
Euro Loans are then outstanding, the Borrower shall immediately repay each such
Loan; and

(iii)                               if the affected Loans are Tranche A
(Euro) Term Loans, each such Loan shall immediately become due and payable and
the Borrower shall immediately repay each such Loan.

If at any time after a
Lender gives notice under this Section 2.14(d) such Lender determines that it
may lawfully make LIBO Rate Dollar Loans or Revolving Euro Loans, as
applicable, such Lender shall promptly give notice of that determination to the
Borrower and the Administrative Agent, and the Administrative Agent shall
promptly transmit the notice to each other Lender. The Borrower’s right to
request, and such Lender’s obligation, if any, to make LIBO Rate Dollar Loans
or Revolving Euro Loans, as applicable, shall thereupon be restored.

(e)                                  Breakage Costs.

In addition to all amounts required to be paid by the
Borrower pursuant to Section 2.10, the Borrower shall compensate each Lender,
upon demand, for all losses, expenses and liabilities (including any loss or
expense incurred by reason of the liquidation or reemployment of deposits or other
funds acquired by such Lender to fund or maintain such Lender’s LIBO Rate Loans
(including Euro Loans) to the Borrower but excluding any loss of the Applicable
Margin on the relevant Loans) which that Lender may sustain (i) if for any
reason a proposed Borrowing, conversion into or continuation of LIBO Rate Loans
does not occur on a date specified therefor in a Notice of Borrowing or a
Notice of Conversion or Continuation given by a Borrower or in a telephonic
request by it for borrowing or conversion or continuation for a successive
Interest Period does not commence after notice therefor is given pursuant to
Section 2.11, (ii) if for any

 71

reason any LIBO Rate Loan
is prepaid (including mandatorily pursuant to Section 2.9 or Section 2.14(d))
or any LIBO Rate Dollar Loan is converted pursuant to Section 2.11 into a Base
Rate Loan on a date which is not the last day of the applicable Interest Period,
(iii) as a consequence of a required conversion of a LIBO Rate Dollar Loan to a
Base Rate Loan as a result of any of the events indicated in Section 2.14(d),
or (iv) as a consequence of any failure by a Borrower to repay LIBO Rate Loans
when required by the terms hereof. The Lender making demand for such
compensation shall deliver to the Borrower concurrently with such demand a
written certificate as to such losses, expenses and liabilities, setting forth
in reasonable detail the basis of the calculation of such losses, expenses and
liabilities and this certificate shall be conclusive as to the amount of
compensation due to that Lender, absent manifest error.

2.15         Capital Adequacy.  If at any time any Lender determines that (a)
the adoption of or any change in or in the interpretation of any law, treaty or
governmental rule, regulation or order after the date of this Agreement
regarding capital adequacy, (b) compliance with any such law, treaty, rule,
regulation, or order, or (c) compliance with any guideline or request or
directive from any central bank or other Governmental Authority (whether or not
having the force of law) shall have the effect of reducing the rate of return
on the capital of such Lender (or any corporation controlling such Lender) as a
consequence of its obligations hereunder or under or in respect of any Letter
of Credit to a level below the level that such Lender or such corporation could
have achieved but for such adoption, change, compliance or interpretation,
then, upon demand from time to time by such Lender (with a copy of such demand
to the Administrative Agent), the Borrower shall pay to the Administrative
Agent for the account of such Lender, from time to time as specified by such
Lender, additional amounts sufficient to compensate such Lender for such
reduction; provided, however, that the Borrower
shall not be required to compensate a Lender pursuant to this paragraph for any
amounts incurred more than 270 days prior to the date that such Lender
initially notifies the Borrower of such Lender’s intention to claim
compensation therefor; and provided, further,
that, if the circumstances giving rise to such claim have a retroactive effect,
then such 270 day period shall be extended to include the period of such
retroactive effect.  A certificate as to
such amounts, setting forth in reasonable detail the basis of the calculation
of such amounts, submitted to the Borrower and the Administrative Agent by such
Lender shall be conclusive and binding for all purposes absent manifest error.

2.16         Taxes.

(a)           Any and all payments by the Borrower under each Loan
Document shall be made free and clear of and without deduction for any present
or future income, stamp or other taxes, levies, imposts, duties, charges, fees,
deductions or withholdings, now or hereafter imposed, levied, collected,
withheld or assessed by any Governmental Authority, excluding net income taxes,
franchise taxes (imposed in lieu of net income taxes), branch profits taxes,
and other taxes imposed on or measured by net income, imposed on the
Administrative Agent or any Lender as a result of a present or former
connection between the Administrative Agent or such Lender and the jurisdiction
of the Governmental Authority imposing such tax or any political subdivision or
taxing authority thereof or therein, including as a result of a lending office,
a fixed place of business, or a permanent establishment maintained by such
Administrative Agent or such Lender (other than any such connection arising
solely from the Administrative Agent or

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such
Lender having executed, delivered or performed its obligations or received a
payment under, or enforced, this Agreement or any other Loan Document) (all
such non-excluded taxes, levies, imposts, deductions, charges, withholdings and
liabilities being hereinafter referred to as “Taxes”).
If any Taxes shall be required by law to be deducted from or in respect of any
sum payable under any Loan Document to any Lender or the Administrative Agent
(i) the sum payable shall be increased as may be necessary so that after making
all required deductions (including deductions applicable to additional sums
payable under this Section 2.16) such Lender or the Administrative Agent (as
the case may be) receives an amount equal to the sum it would have received had
no such deductions been made, (ii) the Borrower shall make such deductions,
(iii) the Borrower shall pay the full amount deducted to the relevant taxing
authority or other authority in accordance with applicable law, and (iv) the
Borrower shall deliver to the Administrative Agent evidence of such payment.

(b)           In addition, the Borrower agrees to pay any and all
present or future stamp or documentary taxes or any other excise or property
taxes, charges or similar levies arising from any payment made hereunder or
from the execution, delivery or enforcement of, or otherwise with respect to,
this Agreement or any other Loan Document (collectively, “Other
Taxes”).

(c)           The Borrower will indemnify each Lender and the
Administrative Agent for the full amount of Taxes and Other Taxes (including
any Taxes or Other Taxes imposed by any jurisdiction on amounts payable under
this Section 2.16) paid by such Lender or the Administrative Agent (as the case
may be) and any liability (including for penalties, interest and expenses)
arising therefrom or with respect thereto, whether or not such Taxes or Other
Taxes were correctly or legally asserted. This indemnification shall be made
within (and shall be due and payable on the date) 30 days after the date such
Lender or the Administrative Agent (as the case may be) makes written demand
therefor.

(d)           Within 30 days after the date of any payment of Taxes
or Other Taxes, the Borrower will furnish to the Administrative Agent, at its
address referred to in Section 9.8, the original or a certified copy of a
receipt evidencing payment thereof (or, if such original or certified copy is
not available, any other proof of payment reasonably satisfactory to the
Administrative Agent).

(e)           Without prejudice to the survival of any other agreement
of the Borrower hereunder, the agreements and obligations of the Borrower
contained in this Section 2.16 shall survive the payment in full of the
Obligations.

(f)            Prior to the Closing Date in the case of each Non-U.S.
Lender that is a signatory hereto, and on the date of the Assignment and
Acceptance pursuant to which it becomes a Lender in the case of each other
Non-U.S. Lender and from time to time thereafter if requested by the Borrower
or the Administrative Agent, each Non-U.S. Lender that is entitled at such time
to an exemption from United States withholding tax, or that is subject to such
tax at a

 73
 

reduced
rate under an applicable tax treaty, shall provide the Administrative Agent and
the Borrower with two completed copies of: (i) Form W 8ECI (claiming exemption
from withholding because the income is effectively connected with a United
States trade or business) (or any successor form); (ii) Form W 8BEN (claiming
exemption from, or a reduction of, withholding tax under an income tax treaty)
(or any successor form); (iii) in the case of a Non-U.S. Lender claiming
exemption under Sections 871(h) or 881(c) of the Code, a Form W 8BEN (claiming
exemption from withholding under the portfolio interest exemption)(or successor
form); or (iv) any other applicable form, certificate or document prescribed by
the IRS certifying as to such Non-U.S. Lender’s entitlement to such exemption
from United States withholding tax or reduced rate with respect to all payments
to be made to such Non-U.S. Lender under the Loan Documents. Unless the
Borrower and the Administrative Agent have received forms or other documents
satisfactory to them indicating that payments under any Loan Document to or for
a Non-U.S. Lender are not subject to United States withholding tax or are
subject to such tax at a rate reduced by an applicable tax treaty, the Borrower
or the Administrative Agent shall withhold taxes from such payments at the
applicable statutory rate.

(g)           Any Lender claiming any additional amounts payable
pursuant to this Section 2.16 shall use its reasonable efforts (consistent with
its internal policy and legal and regulatory restrictions) to change the
jurisdiction of its Applicable Lending Office if the making of such a change
would avoid the need for, or reduce the amount of, any such additional amounts
which would be payable or may thereafter accrue and would not, in the sole
determination of such Lender, be otherwise disadvantageous to such Lender.

2.17         Substitution of
Lenders.  In the event that (a) (i)
any Lender makes a claim under Section 2.14(c) or Section 2.15, or (ii) it
becomes illegal for any Lender to continue to fund or make any LIBO Rate Loan
or Revolving Euro Loan and such Lender notifies the Borrower pursuant to
Section 2.14(d), or (iii) the Borrower is required to make any payment pursuant
to Section 2.16 that is attributable to any Lender, or (iv) any Lender is a
Non-Funding Lender, (b) in the case of clause (a)(i) above, as a consequence of
increased costs in respect of which such claim is made, the effective rate of
interest payable to such Lender under this Agreement with respect to its Loans
materially exceeds the effective average annual rate of interest payable to the
Requisite Lenders under this Agreement and (c) Lenders holding at least 75% of
the Commitments are not subject to such increased costs or illegality, payment
or proceedings (any such Lender, an “Affected Lender”),
the Borrower may substitute another financial institution for such Affected
Lender hereunder, upon reasonable prior written notice (which written notice
must be given within 90 days following the occurrence of any of the events
described in clauses (a)(i), (ii), (iii) or (iv)) by the Borrower to the
Administrative Agent and the Affected Lender that the Borrower intends to make
such substitution, which substitute financial institution must be, if not a
Lender, reasonably acceptable to the Administrative Agent; provided,
however, that if more than one Lender
claims increased costs, illegality or right to payment arising from the same
act or condition and such claims are received by the Borrower within 30 days of
each other then the Borrower may substitute all, but not (except to the extent
the Borrower has already substituted one of such Affected Lenders before the
Borrower’s receipt of the other Affected Lenders’ claim) less than all, Lenders
making such claims. In the event that the proposed substitute financial
institution or other entity is reasonably acceptable to the Administrative
Agent and the written notice was properly issued under this Section 2.17, the

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Affected Lender shall sell and the substitute financial institution or
other entity shall purchase, pursuant to an Assignment and Acceptance, all
rights and claims of such Affected Lender under the Loan Documents and the substitute
financial institution or other entity shall assume and the Affected Lender
shall be relieved of its Commitments and all other prior unperformed
obligations of the Affected Lender under the Loan Documents (other than in
respect of any damages (other than exemplary or punitive damages, to the extent
permitted by applicable law) in respect of any such unperformed obligations).
Upon the effectiveness of such sale, purchase and assumption (that, in any
event shall be conditioned upon the payment in full by the Borrower to the
Affected Lender in cash of all fees, unreimbursed costs and expenses and
indemnities accrued and unpaid through such effective date), the substitute
financial institution or other entity shall become a “Lender” hereunder for all
purposes of this Agreement having a Revolving Credit Commitment (if applicable)
in the amount of such Affected Lender’s Revolving Credit Commitment assumed by
it and such Revolving Credit Commitment (if applicable) of the Affected Lender
shall be terminated, provided, however,
that all indemnities under the Loan Documents shall continue in favor of such
Affected Lender.

 

ARTICLE 3

CONDITIONS TO LOANS AND LETTERS OF CREDIT

3.1           Conditions Precedent
to Initial Loans and Letters of Credit. 
The obligation of each Lender to make the Loans requested to be made by
it on the Closing Date and the obligation of each Issuer to issue Letters of
Credit on the Closing Date is subject to the satisfaction of all of the
following conditions precedent:

 

(a)           Certain Documents.

The Administrative Agent
shall have received on the Closing Date each of the following, each dated the
Closing Date unless otherwise indicated or agreed to by the Administrative
Agent, in form and substance reasonably satisfactory to the Administrative Agent
and in sufficient copies for each Lender:

(i)            this Agreement, duly executed and
delivered by the Borrower and, for the account of each Lender requesting the
same, a Note or Notes of the Borrower conforming to the requirements set forth
herein;

(ii)           the Guaranty, duly executed by
Holdings and each Subsidiary Guarantor;

(iii)          the Security Agreement, duly
executed by the Borrower, Holdings and each Subsidiary Guarantor, together
with:

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(A)      evidence satisfactory to the
Administrative Agent that the Administrative Agent (for the benefit of the
Secured Parties) has a valid and perfected first priority security interest in
the Collateral, including (x) such documents duly executed by each Loan Party
as the Administrative Agent may reasonably request with respect to the
perfection of its security interests in the Collateral (including evidence
satisfactory to the Administrative Agent that financing statements under the
UCC, patent, trademark and copyright security agreements and other applicable
documents under the laws of any jurisdiction have been appropriately filed with
respect to the perfection of Liens created by the Security Agreement) and (y)
copies of UCC search reports as of a recent date listing all effective
financing statements that name any Loan Party as debtor, together with copies
of such financing statements, none of which shall cover the Collateral except
for those which shall be terminated on the Closing Date and those in respect of
Liens permitted under Section 6.3);

(B)       share certificates representing all
of certificated Pledged Stock being pledged pursuant to such Security Agreement
and stock powers for such share certificates executed in blank;

(C)       all instruments representing Pledged
Notes, including the SwissCo Intercompany Note, being pledged pursuant to such
Security Agreement duly endorsed in favor of the Administrative Agent or in
blank;

(D)      the SwissCo Original Intercompany
Note, the SwissCo 2 Note Original Security Agreement and SwissCo 2 Note
Security Agreement Amendment, each duly executed by the Borrower (except in the
case of the SwissCo Original Intercompany Note) and SwissCo and certified as
being complete and correct by a Responsible Officer of the Borrower; and

(E)       Deed of Pledge, dated the Closing
Date, duly executed by Merisant Foreign Holdings I, Inc. in favor of the
Administrative Agent;

(iv)          the Original Mortgage together with:
(A) title insurance policies, satisfactory in form and substance to the
Administrative Agent, in its sole discretion; (B) evidence that counterparts of
the Original Mortgage have been recorded in all places to the extent necessary
or desirable, in the reasonable judgment of the Administrative Agent, to create
a valid and enforceable first priority lien on property described therein in
favor of the Administrative Agent for the benefit of the Secured Parties (or in
favor of such other trustee as may be required or desired under local law); and
(C) an opinion of counsel in each state in which any Mortgage is recorded in
form and substance and from counsel reasonably satisfactory to the
Administrative Agent;

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(v)           (A) a favorable opinion of Sidley
Austin Brown & Wood LLP, counsel to the Loan Parties, in substantially the
form of Exhibit F, and (B) a favorable opinion of counsel to the Loan Parties
in the Republic of Spain as to the validity and enforceability of the pledge of
shares of Merisant Spain, S.L. by the Borrower, in each case addressed to the
Administrative Agent and the Lenders and addressing such other matters as any
Lender through the Administrative Agent may reasonably request;

(vi)          a copy of each Senior Subordinated
Debt Document and each Disclosure Document certified as being complete and
correct by a Responsible Officer of the Borrower;

(vii)         a copy of the articles or
certificate of incorporation (or equivalent organizational documents) of each
Loan Party, certified as of a recent date by the Secretary of State of the
state of incorporation of such Loan Party, together with certificates of such
official attesting to the good standing of each such Loan Party;

(viii)        a certificate of the Secretary or an
Assistant Secretary of each Loan Party certifying (A) the names and true
signatures of each officer of such Loan Party who has been authorized to
execute and deliver any Loan Document or other document required hereunder to
be executed and delivered by or on behalf of such Loan Party, (B) the by-laws
(or equivalent Constituent Document) of such Loan Party as in effect on the
date of such certification, (C) the resolutions of such Loan Party’s Board of
Directors (or equivalent governing body) approving and authorizing the
execution, delivery and performance of this Agreement and the other Loan
Documents to which it is a party and (D) that there have been no changes in the
certificate of incorporation (or equivalent Constituent Document) of such Loan
Party from the certificate of incorporation (or equivalent Constituent
Document) delivered pursuant to the immediately preceding clause;

(ix)           a certificate of (A) the Chief
Financial Officer of the Borrower, stating that the Borrower and each
Subsidiary Guarantor taken as a whole is Solvent, and (B) the Chief Financial
Officer of Holdings, stating that Holdings together with the Borrower and each
Subsidiary Guarantor taken as a whole is Solvent, in each case after giving
effect to the initial Loans and Letters of Credit, the application of the
proceeds thereof to effect the Recapitalization and otherwise in accordance
with Section 4.16 and the payment of all estimated legal, accounting and other
fees related hereto and thereto;

(x)            a certificate of a Responsible
Officer to the effect that (A) the condition set forth in Section 3.2(b) has
been satisfied, (B) no litigation shall have been commenced against any Loan
Party or any of its Subsidiaries which would reasonably be expected to have a
Material Adverse Effect or which restrains or imposes

 77
 

or can
reasonably be expected to impose materially adverse conditions upon the
Recapitalization, the Senior Subordinated Initial Notes, the Facilities or the
transactions contemplated thereby, (C) the Recapitalization has been completed
and has been consummated in accordance with all Requirements of Law, (D)
substantially concurrent with the funding of the Term Loans $225,000,000
principal amount of the Senior Subordinated Initial Notes have been issued by
the Borrower and the proceeds thereof have been received in Dollars by the
Borrower and have been applied to the Recapitalization and related transaction
costs, and (E) the attached Corporate Chart is true, correct and complete in
all material respects as of the Closing Date;

(xi)           evidence satisfactory to the
Administrative Agent that the insurance policies required by Section 5.5(b) and
any Collateral Document are in full force and effect, together with
endorsements naming the Administrative Agent, on behalf of the Secured Parties,
as an additional insured or loss payee under all insurance policies to be
maintained with respect to the properties of Holdings, the Borrower and its
Subsidiaries; and

(xii)          such other certificates, documents,
agreements and information respecting any Loan Party as the Administrative
Agent may reasonably request.

(b)           Fee and Expenses Paid.

There shall have been
paid to the Administrative Agent, for the account of the Administrative Agent
and the Lenders, as applicable, all fees due and payable on or before the
Closing Date (including all such fees described in the Fee Letter), and all
reasonable expenses due and payable on or before the Closing Date in respect of
which the Borrower shall have received a request in accordance with Section
9.3(c) on or prior to the Closing Date.

(c)           Minimum Operating EBITDA.

The Operating EBITDA (as
defined in the Disclosure Circular) for the twelve month period ending March
31, 2003 shall not be less than $105,300,000.

(d)           Minimum Loan Rating.

The Loans shall have
received a senior secured debt rating of at least B1 from Moody’s and at least
B+ from S&P.

(e)           Financials.

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The Lenders shall have
received and be reasonably satisfied with 
(i) a pro forma estimated balance sheet
of the Borrower and its subsidiaries as of March 31, 2003 giving effect to the
Recapitalization and the transactions contemplated thereby as of such date,
(ii) audited financial statements of the Borrower and its subsidiaries for the
fiscal period ending December 31, 2002 by PricewaterhouseCoopers, L.L.P. which
statements shall be unqualified and accompanied by a signed auditor’s report,
(iii) interim unaudited monthly and quarterly financial statements of the
Borrower and its subsidiaries through the fiscal month ending April 30, 2003
and (iv) the Borrower’s quarterly budget for Fiscal Year 2003 and financial
projections for the Fiscal Years 2003 through 2008 prepared by the Borrower’s
management.

(f)            Existing Indebtedness.

The Lenders shall be
satisfied in their reasonable judgment that there shall not occur as a result
of the consummation of the Recapitalization and the funding of the Facilities,
a default (or any event which with the giving of notice or lapse of time or
both would be a default) under any of the Borrower’s or its subsidiaries’ debt
instruments and other material agreements (other than the Prior Credit Facility
which shall have been terminated substantially concurrently with the funding of
the Term Loans).

(g)           ERISA Obligations.

The Lenders shall be
reasonably satisfied that the Borrower and its Subsidiaries will be able to
meet their obligations under their respective Plans, that all such Plans are in
material compliance with ERISA, the Code, their own terms, and other applicable
law, that all Plans are, in all material respects, funded in accordance with
the minimum statutory requirements, that no material Reportable Event has
occurred as to any Single Employee Plan, and that no termination of, or
withdrawal from, any Single Employer Plan or Multiemployer Plan has occurred or
is contemplated.

(h)           No Material Adverse Change.

There shall not have
occurred or exist any event or condition that has resulted or would reasonably
be expected to result in a Material Adverse Effect.

(i)            Related Documents.

The Administrative Agent
and the Lenders shall be reasonably satisfied that:  (i) the final material terms and conditions
of the Recapitalization and of the Senior Subordinated Debt Documents shall be
in form and substance reasonably satisfactory to the Administrative Agent and
the Lenders, (ii) the Recapitalization and the Senior Subordinated Debt
Documents shall have been approved by all necessary corporate action of the
Borrower and each of the other

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parties thereto, shall be
in full force and effect and there shall not have occurred and be continuing
any material breach or default thereunder, (iii) all conditions precedent to
the consummation of the Recapitalization and the issuance of the Senior
Subordinated Initial Notes shall have been satisfied or waived with the consent
of the Administrative Agent, and (iv) the issuance of the Senior Subordinated
Initial Notes shall have been consummated in accordance with the relevant
documents and all applicable Requirements of Law.

(j)            Consents, Etc.

Each of the Borrower and
its Subsidiaries shall have received all consents and authorizations required
pursuant to any material Contractual Obligation with any other Person and shall
have obtained all consents and authorizations of, and effected all notices to
and filings with, any Governmental Authority, in each case, as may be necessary
to allow each of the Borrower and its Subsidiaries lawfully (A) to execute,
deliver and perform, in all material respects, their respective obligations
hereunder, the Loan Documents and the Senior Subordinated Debt Documents to
which each of them, respectively, is, or shall be, a party and each other
agreement or instrument to be executed and delivered by each of them,
respectively, pursuant thereto or in connection therewith, (B) to create and
perfect the Liens on the Collateral to be owned by each of them in the manner
and for the purpose contemplated by the Loan Documents, and (C) to consummate
the Recapitalization and the issuance of the Senior Subordinated Initial Notes.

(k)           Environmental Assessments.

For each material piece
of real property owned, operated or leased by Holdings, the Borrower or any of
its Subsidiaries, the Administrative Agent shall have received an environmental
site assessment report prepared by a consultant reasonably acceptable to the
Administrative Agent (or, if the Administrative Agent deems sufficient in lieu
thereof a questionnaire completed by a Responsible Officer of the Borrower) in
a form and scope reasonably satisfactory to the Administrative Agent, that
demonstrates, to the sole satisfaction of the Administrative Agent, the absence
of any event or condition that could give rise to liability under Environmental
Laws that would, individually or in the aggregate, reasonably be expected to
have a Material Adverse Effect and no significant risk thereof.

(l)            Repayment of Prior Credit Facility.

Substantially
concurrently with the initial funding of the Term Loans, the Prior Credit
Facility shall have been paid in full, all commitments thereunder shall have
been terminated, and all Liens granted thereunder shall have been terminated in
form and substance reasonably satisfactory to the Administrative Agent and the
Administrative Agent shall have received reasonably satisfactory written
evidence thereof executed by the administrative agent thereunder.

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3.2           Conditions Precedent
to Each Loan and Letter of Credit. 
The obligation of each Lender on any date (including the Amendment
Closing Date) to make any Loan and of each Issuer on any date (including the
Amendment Closing Date) to issue any Letter of Credit is subject to the
satisfaction of all of the following conditions precedent:

(a)           Request for Borrowing or Issuance of Letter of
Credit.

With respect to any Loan,
the Administrative Agent shall have received a duly executed Notice of
Borrowing or, in the case of Swing Line Loans, a duly executed Swing Line Loan
Request, and with respect to any Letter of Credit, the Administrative Agent and
the Issuer shall have received a duly executed Letter of Credit Request.

(b)           Representations and Warranties; No Defaults.

The following statements
shall be true on the date of such Loan or issuance, both before and after
giving effect thereto and, in the case of such Loan, to the application of the
proceeds therefrom:

(i)            The representations and warranties
set forth in Article 4 and in the other Loan Documents shall be true and
correct on and as of the Closing Date and shall be true and correct in all
material respects on and as of any such date after the Closing Date with the
same effect as though made on and as of such date (or, to the extent such
representations and warranties expressly relate to an earlier date, on and as
of such earlier date); and

(ii)           No Default or Event of Default shall
have occurred and be continuing.

(c)           No Legal Impediments.

The making of the Loans
or the issuance of such Letter of Credit on such date does not violate any
Requirement of Law on the date of or immediately following such Loan or
issuance and is not enjoined, temporarily, preliminarily or permanently.

Each submission by the
Borrower to the Administrative Agent of a Notice of Borrowing or a Swing Line
Loan Request and the acceptance by the Borrower of the proceeds of each Loan
requested therein, and each submission by the Borrower to an Issuer of a Letter
of Credit Request and the issuance of each Letter of Credit requested therein,
shall be deemed to constitute a representation and warranty by the Borrower as
to the matters specified in Section 3.2(b) on the date of the making of such
Loan or the issuance of such Letter of Credit.

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3.3           Conditions Precedent
to the Additional Tranche B Term Loans and Letters of Credit.  The obligation of each Lender to make the
Loans requested to be made by it on the Amendment Closing Date and the
obligation of each Issuer to issue Letters of Credit on the Amendment Closing
Date is subject to the satisfaction of all of the following conditions
precedent:

(a)           Certain Documents.

The Administrative Agent
shall have received on the Amendment Closing Date each of the following, each
dated the Amendment Closing Date unless otherwise indicated or agreed to by the
Administrative Agent, in form and substance reasonably satisfactory to the
Administrative Agent and the Collateral Agent and in sufficient copies for each
Lender and the Collateral Agent:

(i)            this Agreement, duly executed and
delivered by Merisant Worldwide and Merisant Company and, for the account of
each Lender requesting the same, a Note or Notes of Merisant Company conforming
to the requirements set forth herein;

(ii)           the Guaranty, amended and restated
as of the date hereof, duly executed by Merisant Worldwide and each Subsidiary
Guarantor;

(iii)          the Security Agreement, amended and
restated as of the date hereof, duly executed by Merisant Worldwide, Merisant
Company and each Subsidiary Guarantor, together with:

(A)      evidence satisfactory to the
Administrative Agent that the Collateral Agent (for the benefit of the Secured
Parties) has a valid and perfected first priority security interest in the
Collateral, including (x) such documents duly executed by each Loan Party as
the Collateral Agent may reasonably request with respect to the perfection of
its security interests in the Collateral (including evidence satisfactory to
the Collateral Agent that financing statements under the UCC, patent, trademark
and copyright security agreements and amendments to each thereto and other
applicable documents under the laws of any jurisdiction have been appropriately
filed with respect to the perfection of Liens created by the Security
Agreement) and (y) copies of UCC search reports as of a recent date listing all
effective financing statements that name any Loan Party as debtor, together
with copies of such financing statements, none of which shall cover the
Collateral except for those which shall be terminated on the Amendment Closing
Date and those in respect of Liens permitted under Section 6.3);

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(B)       share certificates representing all
of certificated Pledged Stock being pledged pursuant to such Security Agreement
and stock powers for such share certificates executed in blank;

(C)       all instruments representing Pledged
Notes, including the SwissCo Intercompany Note, being pledged pursuant to such
Security Agreement duly endorsed in favor of the Collateral Agent or in blank;

(D)      the SwissCo Original Intercompany
Note, the SwissCo 2 Note Original Security Agreement and SwissCo 2 Note
Security Agreement Amendment, each duly executed by Merisant Company (except in
the case of the SwissCo Original Intercompany Note) and SwissCo and certified
as being complete and correct by a Responsible Officer of Merisant Company; and

(E)       all other certificates, agreements,
including control agreements, or instruments necessary to perfect the
Collateral Agent’s security interest in all Chattel Paper, all Instruments, all
Deposit Accounts and all Investment Property of each Loan Party (as each such
term is defined in the Security Agreement and to the extent required by the
Security Agreement);

(F)       evidence reasonably satisfactory to
the Administrative Agent of payment or arrangements for payment by the Loan
Parties of all applicable recording taxes, fees, charges, costs and expenses
required for the recording of the Collateral Documents; and

(G)       in respect to granting a Lien on 65%
of the stock of Merisant Spain:

(I)            subject
to Section 6.16, an amendment and restatement of the Deed of Pledge, dated the
Amendment Closing Date, duly executed by MFH in favor of the Collateral Agent;
and

(II)           subject
to Section 6.16, a certificate of Merisant Spain satisfactory to the
Administrative Agent confirming registry of the lien in the company records as
required by legal opinion;

(iv)          an amendment and restatement to the
Original Mortgage together with: (A) title insurance policies, satisfactory in
form and substance to the Administrative Agent and the Collateral Agent; (B)
evidence that counterparts of the

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Original
Mortgage, as amended, have been recorded in all places to the extent necessary
or desirable, in the reasonable judgment of the Administrative Agent, to create
a valid and enforceable first priority lien on property described therein in
favor of the Collateral Agent for the benefit of the Secured Parties (or in
favor of such other trustee as may be required or desired under local law); and
(C) an opinion of counsel in each state in which any Mortgage is recorded in
form and substance and from counsel reasonably satisfactory to the Collateral
Agent;

(v)           (A) a favorable opinion of Sidley
Austin LLP, counsel to the Loan Parties, in substantially the form of Exhibit
F, and (B) a favorable opinion of counsel to the Loan Parties in the Republic
of Spain as to the validity and enforceability of the pledge of shares of
Merisant Spain by Merisant Company, in each case which opinions shall be in
form and substance reasonably satisfactory to the Administrative Agent and
addressed to the Administrative Agent, the Collateral Agent, the Lenders and
Issuers;

(vi)          a copy of each Senior Subordinated
Debt Document, each Senior Subordinated Discount Debt Document and each Disclosure
Document certified as being complete and correct by a Responsible Officer of
Merisant Company;

(vii)         a copy of the articles or
certificate of incorporation (or equivalent organizational documents) of each
Loan Party, certified as of a recent date by the Secretary of State of the
state of incorporation of such Loan Party, together with certificates of such
official attesting to the good standing of each such Loan Party;

(viii)        a certificate of the secretary or an
assistant secretary of each Loan Party certifying (A) the names and true
signatures of each officer of such Loan Party who has been authorized to
execute and deliver any Loan Document or other document required hereunder to
be executed and delivered by or on behalf of such Loan Party, (B) the by-laws
(or equivalent Constituent Documents) of such Loan Party as in effect on the
date of such certification, (C) the resolutions of such Loan Party’s board of
directors (or equivalent governing body) approving and authorizing the
execution, delivery and performance of this Agreement and the other Loan
Documents to which it is a party and (D) that there have been no changes in the
certificate of incorporation (or equivalent Constituent Document) of such Loan
Party from the certificate of incorporation (or equivalent Constituent
Document) delivered pursuant to the immediately preceding clause;

(ix)           a certificate of (A) the chief
financial officer of Merisant Company, stating that Merisant Company and each
Subsidiary Guarantor taken as a whole is Solvent, and (B) the chief financial
officer of Merisant Worldwide, stating that Merisant Worldwide together with
Merisant Company and each Subsidiary Guarantor taken as a whole is Solvent, in
each case after giving effect to the Additional Tranche B

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Term
Loans and Letters of Credit, the application of the proceeds thereof in
accordance with Section 4.16 and the payment of all estimated legal, accounting
and other fees related hereto and thereto;

(x)            a certificate of a Responsible
Officer of Merisant Company to the effect that (A) the conditions set forth in
Section 3.2(b) have been satisfied, (B) no litigation shall have been commenced
against any Loan Party or any of its Subsidiaries which would reasonably be
expected to have a Material Adverse Effect or which restrains or imposes or can
reasonably be expected to impose materially adverse conditions upon the Loans
or the transactions contemplated thereby, (C) substantially concurrent with the
funding of the Additional Tranche B Term Loans, the proceeds thereof have been
received in Dollars by Merisant Company and have been applied to the repayment
in full of the Prior Second Lien Credit Facility and related transaction costs,
and (D) the attached Corporate Chart is true, correct and complete in all
material respects as of the Amendment Closing Date;

(xi)           evidence satisfactory to the
Administrative Agent that the insurance policies required by Section 5.5(b) and
any Collateral Document are in full force and effect, together with
endorsements naming the Collateral Agent, on behalf of the Secured Parties, as
an additional insured or loss payee under all insurance policies to be
maintained with respect to the properties of Merisant Worldwide, Merisant
Company and its Subsidiaries; and

(xii)          such other certificates, documents,
agreements and information respecting any Loan Party as the Administrative
Agent may reasonably request.

(b)           Fee and Expenses Paid.

There shall have been
paid to the Administrative Agent, for the account of the Administrative Agent
and the Lenders, as applicable, all fees due and payable on or before the
Amendment Closing Date (including all such fees described in the Engagement
Letter and the Appointment Letter), and all reasonable expenses due and payable
on or before the Amendment Closing Date in respect of which Merisant Company
shall have received a request in accordance with Section 9.3(c) on or prior to
the Amendment Closing Date.

(c)           Ratings.

(i)            The Facilities shall have received a
senior secured debt rating from Moody’s and S&P.

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(ii)           Merisant Company shall have received
a corporate rating from S&P and a corporate family rating from Moody’s.

(d)           Financials.

The Lenders shall have
received and be reasonably satisfied with 
(i) a pro forma estimated balance sheet
of Merisant Company and its subsidiaries as of March 31, 2007 after giving
effect to the transactions contemplated hereby as of such date, (ii) audited
financial statements of Merisant Company and its subsidiaries for the fiscal
period ending December 31, 2006 by BDO Seidman L.L.P. which statements shall be
unqualified and accompanied by a signed auditor’s report, (iii) interim
unaudited monthly and quarterly financial statements of Merisant Company and
its subsidiaries through the fiscal month ending February 28, 2007 and (iv)
Merisant Company’s quarterly budget for Fiscal Year 2007 and financial
projections for the Fiscal Years 2007 through 2011 prepared by Merisant Company’s
management.

(e)           Existing Indebtedness and Material Agreements.

The Lenders shall be
satisfied in their reasonable judgment that (i) there shall not occur as a
result of the funding of the Loans, a default (or any event which with the
giving of notice or lapse of time or both would be a default) under any of
Merisant Worldwide or its Subsidiaries’ debt instruments and other material
agreements, (ii) there shall not have been an issuance of preferred stock of
Merisant Worldwide, Merisant Company or any of their Subsidiaries (other than
Holdings Permitted Preferred Stock) and (iii) none of Merisant Worldwide,
Merisant Company or their Subsidiaries shall have any indebtedness other than
indebtedness permitted in Section 6.2 hereof.

(f)            ERISA Obligations.

The Lenders shall be
reasonably satisfied that Merisant Worldwide and its Subsidiaries will be able
to meet their obligations under their respective Plans, that all such Plans are
in material compliance with ERISA, the Code, their own terms, and other
applicable law, that all Plans are, in all material respects, funded in
accordance with the minimum statutory requirements, that no material Reportable
Event has occurred as to any Single Employee Plan, and that no termination of,
or withdrawal from, any Single Employer Plan or Multiemployer Plan has occurred
or is contemplated.

(g)           No Material Adverse Change.

There shall not have
occurred or exist any event or condition that has resulted or would reasonably
be expected to result in a Material Adverse Effect.

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(h)           Consents, Etc.

Each of Merisant
Worldwide and its Subsidiaries shall have received all consents and
authorizations required pursuant to any material Contractual Obligation with
any other Person and shall have obtained all consents and authorizations of,
and effected all notices to and filings with, any Governmental Authority, in
each case, as may be necessary to allow each of Merisant Worldwide and its
Subsidiaries lawfully (i) to execute, deliver and perform, in all material
respects, their respective obligations hereunder, the Loan Documents to which
each of them, respectively, is, or shall be, a party and each other agreement
or instrument to be executed and delivered by each of them, respectively,
pursuant thereto or in connection therewith and (ii) to create and perfect the
Liens on the Collateral to be owned by each of them in the manner and for the
purpose contemplated by the Loan Documents.

(i)            Environmental Assessments.

For each material piece
of real property owned, operated or leased by Merisant Worldwide, Merisant
Company or any of its Subsidiaries, the Administrative Agent shall have
received an environmental site assessment report prepared by a consultant
reasonably acceptable to the Administrative Agent (or, if the Administrative
Agent deems sufficient in lieu thereof a questionnaire completed by a
Responsible Officer of Merisant Company) in a form and scope reasonably
satisfactory to the Administrative Agent, that demonstrates, to the sole
satisfaction of the Administrative Agent, the absence of any event or condition
that could give rise to liability under Environmental Laws that would,
individually or in the aggregate, reasonably be expected to have a Material
Adverse Effect.

(j)            Repayment of Prior Second Lien Credit Facility.

Substantially
concurrently with the initial funding of the Additional Tranche B Term Loans,
the Prior Second Lien Credit Facility shall have been paid in full, all
commitments thereunder shall have been terminated, and all Liens granted
thereunder shall have been terminated in form and substance reasonably
satisfactory to the Administrative Agent and the Administrative Agent shall
have received reasonably satisfactory written evidence thereof executed by the
administrative agent thereunder.

(k)           Consent and Fees to this Amendment.

(i)            The Administrative Agent shall have
received counterparts of this Agreement by (A) Merisant Worldwide, Merisant
Company and Administrative Agent and the Collateral Agent and (B) at least five
Business Days prior to the Amendment Closing Date, the Requisite Lenders, the
Tranche B Term Loan Lenders and the Tranche A (Euro) Term Loan Lenders, in each
case, approving this Agreement.

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(ii)           The Commitments for the Additional
Tranche B Term Loan shall have been received in a form satisfactory to the
Administration Agent.

(iii)          Merisant Company shall have paid an
amendment fee in an amount equal to 0.25% of the outstanding Commitment of such
Requisite Lenders and the Tranche B Term Loan Lenders and Tranche A (Euro) Term
Loan Lenders who approved this Agreement pursuant to Section 3.3(k)(i)
(calculated without giving effect to any increase pursuant to the Additional
Tranche B Term Loans and assuming for purposes hereof that no Loans or Letters
of Credit are outstanding), which amendment fee shall be due and payable (and
shall be deemed fully-earned and non-refundable) on the Amendment Closing Date.

(l)            Patriot Act Information. The Lenders shall have received,
to the extent requested, all documentation and other information required by
regulatory authorities under applicable “know your customer” and anti-money
laundering rules and regulations, including the Patriot Act

ARTICLE 4

REPRESENTATIONS AND WARRANTIES

To induce the
Administrative Agent, the Collateral Agent, the Issuers and the Lenders to
enter into this Agreement and to make the Loans and issue or participate in the
Letters of Credit, each of Holdings and the Borrower hereby jointly and
severally represents and warrants to the Administrative Agent, the Collateral
Agent, each Issuer and each Lender that, on and as of the Amendment Closing
Date, after the making of the Loans and other financial accommodations on the Amendment
Closing Date and on and as of each date as required by Section 3.2(b)(i):

4.1           Financial Condition.  The audited balance sheet of Merisant Company
and its consolidated Subsidiaries as at December 31, 2006, and the related
audited statement of income for the Fiscal Year ended December 31, 2006,
reported on and accompanied by an unqualified report from BDO Seidman LLP,
copies of which have been furnished to each Lender, present fairly in all
material respects the financial condition of Merisant Company and its
consolidated Subsidiaries as at such date, and the results of its operations
for the Fiscal Year then ended.  The
unaudited balance sheet of Merisant Company and its consolidated Subsidiaries
as at February 28, 2007, and the related unaudited statement of income for the
two-month period ended on such date, copies of which have been furnished to
each Lender, present fairly in all material respects the financial condition of
Merisant Company and its consolidated Subsidiaries as at such date, and the results
of its operations for the two-month period then ended (subject to normal
year-end audit adjustments).  All such
Financial Statements delivered in accordance with Section 4.1, including the
related schedules and notes thereto, have been prepared in accordance with GAAP
applied consistently throughout the periods involved (except as approved by the
aforementioned firm of accountants and disclosed therein).  As of the Amendment Closing Date, none of
Merisant Worldwide, Merisant Company or any of their respective Subsidiaries
has any

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material Guaranty
Obligations (other than guaranties by the Subsidiary Guarantors under the
Senior Subordinated Notes Indenture), contingent liabilities and liabilities
for taxes, or any long-term leases or unusual forward or long-term commitments,
including any interest rate or foreign currency swap or exchange transaction or
other obligation in respect of derivatives, that are not reflected in such
February 28, 2007 financial statements. 
During the period from December 31, 2006 to and including the date
hereof there has been no Disposition by any of Holdings, the Borrower or any of
their respective Subsidiaries of any material part of its business or property.

4.2           No Change.  Since December 31, 2006, there has been no
development or event that has had or would reasonably be expected to have a
Material Adverse Effect.

4.3           Corporate Existence;
Compliance with Law.  Each of
Holdings, the Borrower and its Subsidiaries (a) is duly organized, validly
existing and in good standing under the laws of the jurisdiction of its
organization, (b) has the corporate power and authority, and the legal right,
to own and operate its property, to lease the property it operates as lessee
and to conduct the business in which it is currently engaged, (c) is duly
qualified as a foreign corporation and in good standing under the laws of each
jurisdiction where its ownership, lease or operation of property or the conduct
of its business requires such qualification except to the extent the failure to
so qualify could not, in the aggregate, reasonably be expected to have a
Material Adverse Effect, (d) is in compliance with all Requirements of Law
except to the extent that the failure to comply therewith would not, in the
aggregate, reasonably be expected to have a Material Adverse Effect, (e) is in
compliance with its Constituent Documents and (f) has all necessary Permits
from or by, has made all necessary filings with, and has given all necessary
notices to, each Governmental Authority having jurisdiction, to the extent
required for such ownership, operation, lease and conduct, except for Permits,
filings or notices the failure to obtain or make would not, in the aggregate,
reasonably be expected to have a Material Adverse Effect.

4.4           Corporate Power; Authorization;
Enforceable Obligations.  Each Loan
Party has the corporate power and authority, and the legal right, to make,
deliver and perform under the Loan Documents to which it is a party and, in the
case of the Borrower, to obtain extensions of credit hereunder.  Each Loan Party has taken all necessary
corporate action to authorize the execution, delivery and performance of the
Loan Documents to which it is a party and, in the case of the Borrower, to
authorize the extensions of credit on the terms and conditions of this
Agreement.  No consent or authorization
of, filing with, notice to or other act by or in respect of, any Governmental
Authority or any other Person is required in connection with the extensions of credit
hereunder or with the execution, delivery, performance, validity or
enforceability of this Agreement or any of the Loan Documents, except (a)
consents, authorizations, filings and notices which have been obtained or made
and are in full force and effect and (b) the filings referred to in Section
4.19.  Each Loan Document has been duly
executed and delivered on behalf of each Loan Party a party thereto.  This Agreement constitutes, and each other
Loan Document upon execution will constitute, a legal, valid and binding
obligation of each Loan Party a party thereto, enforceable against each such
Loan Party in accordance with its terms, except as enforceability may be
limited by applicable bankruptcy, insolvency, reorganization, moratorium or
similar laws affecting the enforcement of creditors’ rights generally and by
general equitable principles (whether enforcement is sought by proceedings in
equity or at law).

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4.5           No Legal Bar.  The execution, delivery and performance of
this Agreement and the other Loan Documents, the issuance of Letters of Credit,
the borrowings hereunder and the use of the proceeds thereof will not violate
any Requirement of Law or any Contractual Obligation of Holdings, the Borrower
or any of its Subsidiaries and will not result in, or require, the creation or
imposition of any Lien on any of their respective properties or revenues
pursuant to any Requirement of Law or any such Contractual Obligation (other
than the Liens created by the Collateral Documents).  No Requirement of Law or Contractual
Obligation applicable to the Borrower or any of its Subsidiaries would
reasonably be expected to have a Material Adverse Effect.  No performance of a Contractual Obligation by
the Borrower or any of its Subsidiaries, either unconditionally or upon the
happening of an event, would result in the creation of a Lien (other than a
Lien permitted under Section 6.3) on the property or assets of any thereof.

4.6           Litigation.  No litigation, investigation or proceeding of
or before any arbitrator or Governmental Authority is pending or, to the best
knowledge of Holdings or the Borrower, threatened by or against Holdings, the
Borrower or any of its Subsidiaries or against any of their respective
properties or revenues (a) with respect to any of the Loan Documents or any of
the transactions contemplated hereby or thereby, or (b) that would reasonably
be expected to have a Material Adverse Effect.

4.7           No Default.  Neither Holdings, the Borrower nor any of its
respective Subsidiaries is in default under or with respect to any of its
Contractual Obligations in any respect that would reasonably be expected to
have a Material Adverse Effect.  No
Default or Event of Default has occurred and is continuing.

4.8           Ownership of
Property; Liens.

(a)           Each of Holdings, the Borrower and its Subsidiaries
has title in fee simple to, or a valid leasehold interest in, all real
property, and good title to, or a valid leasehold interest in, all other
property, purported to be owned by it, including those reflected in the most
recent Financial Statements delivered pursuant to Section 4.1 or Section 5.1
(except to the extent the disposition thereof is otherwise permitted under this
Agreement and the other Loan Documents), and none of such property is subject
to any Lien except as permitted by Section 6.3.

(b)           All Permits required to have been issued or
appropriate to enable all real property owned or leased by the Borrower or any
of its Subsidiaries to be lawfully occupied and used for all of the purposes
for which they are currently occupied and used have been lawfully issued and
are in full force and effect, other than those that could not, in the
aggregate, reasonably be expected to have a Material Adverse Effect.

4.9           Intellectual
Property.  Holdings, the Borrower and
each of its Subsidiaries owns, is licensed to use all Intellectual Property
necessary for the conduct of its business as currently conducted.  To the best knowledge of Holdings or the
Borrower, no material claim has been asserted and is pending by any Person
challenging or questioning the use of any Intellectual Property or the validity
or effectiveness of any Intellectual Property, nor does Holdings or the
Borrower know of any valid basis for any such claim.  To the best knowledge of Holdings or the

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Borrower, the use of Intellectual Property by
Holdings, the Borrower and its Subsidiaries does not infringe on the rights of
any Person in any material respect.

4.10         Taxes.  Each of Holdings, the Borrower and each of
its Subsidiaries has filed or caused to be filed all federal, state and other
material tax returns, reports and statements (collectively, “Tax Returns”) that are required to be filed by the Borrower
or any of its Tax Affiliates with the appropriate Governmental Authorities in
all jurisdictions in which such Tax Returns are required to be filed; all such
Tax Returns are true and correct in all material respects; each of Holdings,
the Borrower and each of its Subsidiaries has paid, prior to the date on which
any fine, penalty, interest, late charge or loss may be added thereto for
non-payment thereof, all taxes shown to be due and payable on said returns or
on any assessments made against it or any of its property and all other taxes,
fees or other charges imposed on it or any of its property by or otherwise due
and payable to any Governmental Authority (other than any the amount or
validity of which are currently being contested in good faith by appropriate
proceedings and with respect to which reserves in conformity with GAAP have
been provided on the books of Holdings, the Borrower or its Subsidiaries, as
the case may be); no tax Lien has been filed; and, to the best knowledge of
Holdings and the Borrower, no claim is being asserted, with respect to any such
tax, fee or other charge.  To the best
knowledge of Holdings and the Borrower, as of the Closing Date, except as set
forth on Schedule 4.10, no Tax Return is under audit or examination by any
Governmental Authority and no notice of such an audit or examination or any
assertion of any claim for taxes has been given or made by any Governmental
Authority. Proper and accurate amounts have been withheld by the Borrower and
each of its Tax Affiliates from their respective employees for all periods in
full and complete compliance with the tax, social security and unemployment
withholding provisions of applicable Requirements of Law and such withholdings
have been timely paid to the respective Governmental Authorities.

4.11         Federal Regulations.  No part of the proceeds of any Loans, and no
other extensions of credit hereunder, will be used for “buying” or “carrying”,
or to extend credit to others for the purpose of purchasing or carrying, any “margin
stock” within the respective meanings of each of the quoted terms under
Regulation U of the Federal Reserve Board as now and from time to time
hereafter in effect or for any purpose that violates the provisions of the
regulations of the Federal Reserve Board. 
If requested by the Administrative Agent, the Borrower will furnish to
the Administrative Agent a statement to the foregoing effect in conformity with
the requirements of FR Form G-3 or FR Form U 1, as applicable, referred to in
Regulation U of the Federal Reserve Board.

4.12         Labor Matters.  Except as would not, in the aggregate,
reasonably be expected to have a Material Adverse Effect:  (a) there are (i) no strikes against
Holdings, the Borrower or any of its Subsidiaries pending or, to the best
knowledge of Holdings or the Borrower, threatened or (ii) no other labor
disputes, to the best knowledge of Holdings or the Borrower, pending or
threatened against Holdings, the Borrower or its Subsidiaries; (b) hours worked
by and payment made to employees of Holdings, the Borrower and its Subsidiaries
have not been in violation of the Fair Labor Standards Act or any other
applicable Requirement of Law dealing with such matters; and (c) all payments
due from Holdings, the Borrower or any of its Subsidiaries on account of
employee health and welfare insurance have been paid or accrued as a liability
on the books of Holdings, the Borrower or the relevant Subsidiary.

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4.13         ERISA.  Neither a Reportable Event nor an “accumulated
funding deficiency” (within the meaning of Section 412 of the Code or Section
302 of ERISA) has occurred during the five-year period prior to the date on
which this representation is made or deemed made with respect to any Single
Employer Plan and to the best knowledge of the Borrower, any Multiemployer
Plan, and each Plan and to the best knowledge of the Borrower, any
Multiemployer Plan, has complied in all material respects with the applicable provisions
of ERISA and the Code.  No termination of
a Single Employer Plan has occurred, and no Lien in favor of the PBGC or a Plan
has arisen, during such five-year period. 
The present value of all accrued benefits under each Single Employer
Plan (based on those assumptions used to fund such Plans) did not, as of the
last annual valuation date prior to the date on which this representation is
made or deemed made, exceed the value of the assets of such Plan allocable to
such accrued benefits by a material amount. 
Neither the Borrower nor any ERISA Affiliate has had a complete or
partial withdrawal from any Multiemployer Plan that has resulted or could
reasonably be expected to result in a material liability under ERISA, and
neither the Borrower nor any ERISA Affiliate would become subject to any
material liability under ERISA if the Borrower or any such ERISA Affiliate were
to withdraw completely from any or all Multiemployer Plans as of the valuation
date most closely preceding the date on which this representation is made or
deemed made.  No Multiemployer Plan is in
Reorganization or Insolvent.

4.14         Investment Company
Act; Other Regulations.  No Loan
Party is an “investment company”, or a company “controlled” by an “investment
company”, within the meaning of the Investment Company Act of 1940, as
amended.  No Loan Party is subject to
regulation under any Requirement of Law (other than Regulation X of the Federal
Reserve Board), including the Public Utility Holding Company Act, that limits
its ability to incur Indebtedness.

4.15         Ownership of Borrower;
Subsidiaries.

(a)           Prior to the Permitted
Merger, (i) Merisant Worldwide has no direct Subsidiary other than Merisant
Company; (ii) the authorized capital stock of Merisant Company consists of 100
shares of common stock, $0.01 par value per share, of which 100 shares are
issued and outstanding; (iii) all of the outstanding capital stock of Merisant
Company has been validly issued, is fully paid and non-assessable and is owned
beneficially and of record by Merisant Worldwide, free and clear of all Liens
other than the Liens in favor of the Secured Parties created by the Security
Agreement; and (iv) there are no agreements or understandings to which Merisant
Company is a party with respect to the voting, sale or transfer of any shares
of Capital Stock of Merisant Company or any agreement restricting the transfer
or hypothecation of any such shares.

(b)           Except as disclosed to the Administrative Agent and
the Collateral Agent by the Borrower in writing from time to time after the
Amendment Closing Date, (i) Schedule 4.15 sets forth the name and jurisdiction
of incorporation of each Subsidiary of the Borrower and, as to each such
Subsidiary, the number of shares of each class of Capital Stock authorized (if
applicable), the number outstanding and the number and percentage of each class

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of
Capital Stock owned by any Loan Party or any Subsidiary thereof and (ii) there
are no outstanding subscriptions, options, warrants, calls, rights or other
agreements or commitments (other than stock options granted to employees or
directors and directors’ qualifying shares) of any nature relating to any
Capital Stock of the Borrower or any Subsidiary of the Borrower, except as
created by the Loan Documents.  All of
the outstanding Capital Stock of each Subsidiary of the Borrower has been
validly issued, is fully paid and non-assessable and is owned by the Borrower
or a Subsidiary of the Borrower, free and clear of all Liens other than the
Liens in favor of the Secured Parties created pursuant to the Security
Agreement.  Neither the Borrower nor any
Subsidiary of the Borrower is a party to, or has knowledge of, any material
agreement materially restricting the transfer or hypothecation of any Stock of
any such Subsidiary, other than the Loan Documents.  Neither Holdings, the Borrower nor any of its
Subsidiaries owns or holds, directly or indirectly, any Stock of any Person
other than such Subsidiaries and Investments permitted by Section 6.8.  Each Subsidiary of the Borrower is a Wholly
Owned Subsidiary.

4.16         Use of Proceeds.  The proceeds of the Additional Tranche B Term
Loan shall be used to (a) repay all obligations owing under the Prior Second
Lien Credit Facility and to terminate and release all Liens securing the Prior
Second Lien Credit Facility and (b) pay related transaction costs, fees and
expenses.  The proceeds of the Revolving
Loans, the Swing Line Loans, and the Letters of Credit, shall be used (i) to
provide working capital for the Borrower and its Subsidiaries and (ii) for
other general corporate purposes.

4.17         Environmental Matters.  Except as would not, individually or in the
aggregate, reasonably be expected to have a Material Adverse Effect:

(a)           the facilities and properties owned, leased or
operated by Holdings, the Borrower or any of its Subsidiaries (the “Properties”) do not contain, and have not previously
contained, any Materials of Environmental Concern in amounts or concentrations
or under circumstances that constitute or constituted a violation of, or could
give rise to liability under, any Environmental Laws;

(b)           neither Holdings, the Borrower nor any of its
Subsidiaries has received or is aware of any violation, notice of violation,
alleged violation, non-compliance, demand, claim, pending investigation,
allegation that may lead to a claim or demand, liability or potential liability
regarding environmental matters or compliance with Environmental Laws with
regard to any of the Properties or the business operated by Holdings, the
Borrower or any of its Subsidiaries (the “Operating Business”),
nor does Holdings or the Borrower have knowledge or reason to believe that any
such notice will be received or is being threatened;

(c)           Materials of Environmental Concern have not been
transported or disposed of from the Properties in violation of, or in a manner
or to a location that could give rise to liability under, any Environmental
Laws, nor have any Materials of Environmental Concern been generated, treated,
stored or disposed of at, on or under any of the Properties or any other
property in violation of, or in a manner that could give rise to liability
under, any applicable Environmental Laws;

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(d)           no judicial proceeding or governmental or
administrative action is pending or, to the knowledge of Holdings and the
Borrower, threatened, under any Environmental Laws to which Holdings, the
Borrower or any Subsidiary is or will be named as a party with respect to the
Properties or the Operating Business, nor are there any consent decrees or
other decrees, consent orders, administrative orders or other orders, or other
administrative or judicial requirements outstanding under any Environmental
Laws with respect to the Properties or the Operating Business;

(e)           there has been no Release or threat of Release of
Materials of Environmental Concern at or from the Properties, or arising from
or related to the operations of Holdings, the Borrower or any Subsidiary in
connection with the Properties or otherwise in connection with the Operating
Business, in violation of or in amounts or in a manner that could give rise to
liability under Environmental Laws;

(f)            the Properties and all operations at the Properties
are in compliance, and to the best knowledge of Holdings and the Borrower in
the last five years have been in compliance, with all applicable Environmental
Laws;

(g)           neither Holdings, the Borrower nor any of its
Subsidiaries has assumed any liability of any other Person under Environmental
Laws;

(h)           neither Holdings, the Borrower, nor any of its
Subsidiaries are currently obligated under any existing Environmental Laws to
incur any material capital expenditure within the period of two years
commencing on the Closing Date to maintain compliance with Environmental Laws
with respect to current operations; and

(i)            Holdings, the Borrower, and any Subsidiaries, possess
and are, and have always possessed and been, in material compliance with the
terms and conditions of all Permits, licenses and like authorizations required
by applicable Environmental Laws.

4.18         Accuracy of
Information, Etc.

(a)           No statement or information contained in:

(i)            this Agreement, any other Loan Document, the
Confidential Information Memorandum, any material authorized by any Loan Party
to be posted on Intralinks or SyndTrak Online or any other document,
certificate or statement prepared or authorized to be furnished to the Lenders
electing to receive such statement, information, document, material or
certificate by any Loan Party and furnished by or on behalf of any Loan Party
to the Lenders electing to receive such statement, information, document,
material or certificate, or any of them, for use in connection with the

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transactions
contemplated by this Agreement or the other Loan Documents, contained as of the
date such statement, information, document, material or certificate was so
furnished (or, in the case of the Confidential Information Memorandum, as of
the Amendment Closing Date);

(ii)           any document, certificate or statement (as such
document, certificate or statement may have been updated from time to time
prior to the Closing Date) furnished on or prior to the Amendment Closing Date
by or on behalf of any Loan Party to the Administrative Agent for use in
connection with the transactions contemplated by this Agreement and the other
Loan Documents, contained as of the date such document, certificate or
statement was so furnished (or so updated, as applicable); or

(iii)          any document, certificate or statement furnished after
the Amendment Closing Date by or on behalf of any Loan Party to the
Administrative Agent for use in connection with the transactions contemplated
by this Agreement and the other Loan Documents, contained, as of the date such
document, certificate or statement was so furnished;

in each case, any untrue statement of a material fact
or omitted to state a material fact necessary to make the statements contained
herein or therein not misleading.  The
projections and pro forma financial information contained in the materials
referenced above are based upon good faith estimates and assumptions believed
by management of the Borrower to be reasonable at the time made, it being
recognized by the Lenders that such financial information as it relates to
future events is not to be viewed as fact and that actual results during the
period or periods covered by such financial information may differ from the
projected results set forth therein by a material amount.  There is no fact known to any Loan Party that
would reasonably be expected to have a Material Adverse Effect that has not
been expressly disclosed herein, in the other Loan Documents, in the
Confidential Information Memorandum or in any other documents, certificates and
statements furnished to the Lenders for use in connection with the transactions
contemplated hereby and by the other Loan Documents.

(b)           The Company has made available to each Lender electing
to receive such document, a copy of each Disclosure Document.

4.19         Collateral Documents.

(a)           The Security Agreement is effective to create in favor
of the Collateral Agent, for the benefit of the Secured Parties, a legal, valid
and enforceable security interest in the Collateral described therein and
proceeds thereof.  In the case of the
Pledged Stock described in the Security Agreement, stock certificates
representing such Pledged Stock having been delivered to the Collateral Agent,
and in the case of the other Collateral described in the Security Agreement,
financing statements and other filings specified on Schedule 4.19(a) in

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appropriate
form having been filed in the offices specified on Schedule 4.19(a), the
Security Agreement constitutes a fully perfected Lien on, and security interest
in, all right, title and interest of the Loan Parties in such Collateral and
the proceeds thereof, as security for the Obligations, in each case prior and
superior in right to any other Person (except, in the case of Collateral other
than Pledged Stock, Liens permitted by Section 6.3).

(b)           The Original Mortgage is effective to create in favor
of the Collateral Agent, for the benefit of the Secured Parties, a legal, valid
and enforceable Lien on the Mortgaged Property described therein and proceeds
thereof, and when the Original Mortgage is filed in the office specified on
Schedule 4.19(b), the Original Mortgage shall constitute a fully perfected Lien
on, and security interest in, all right, title and interest of the Loan Parties
in such Mortgaged Property and the proceeds thereof, as security for the
Obligations), in each case prior and superior in right to any other Person
(except as permitted by Section 6.3(e)). 
The only real property in the United States owned in fee simple by the
Borrower or any of its Subsidiaries as of the Closing Date that, as of such
date, has a value, in the reasonable opinion of the Borrower, in excess of
$1,000,000 is the real property subject to the Lien of the Original Mortgage.

(c)           Each Subsidiary of Holdings or the Borrower (other
than any Excluded Foreign Subsidiary) is a Wholly Owned Subsidiary Guarantor
and a party to each of the Security Agreement and the Guaranty.

4.20         Solvency.  Each of (a) Holdings, together with the
Borrower and the Subsidiary Guarantors taken as a whole, and (b) the Borrower,
together with the Subsidiary Guarantors taken as a whole, is, and after giving
effect to (i) the incurrence of all Indebtedness and obligations (including the
Term Loans, the Revolving Loans and the Senior Subordinated Notes) being
incurred in connection herewith and (ii) the repayment of the Prior Second Lien
Credit Facility will be and will continue to be, Solvent.

4.21         Regulation H.  No Mortgage encumbers improved real property
that is located in an area that has been identified by the Secretary of Housing
and Urban Development as an area having special flood hazards and in which
flood insurance has been made available under the National Flood Insurance Act
of 1968.

4.22         Proprietary Rights;
Foreign Trademarks.

(a)           Either the Borrower or a Wholly Owned Subsidiary of
the Borrower owns all proprietary rights to any products (including without
limitation sweetener products) with respect to which the Borrower, Holdings, or
any of their respective Subsidiaries has made or incurred any expenditures,
direct or indirect, including without limitation overhead, or permitted their
employees to devote any of their time to developing, marketing, manufacturing,
or distributing.

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(b)           Schedule 4.22 (together with any future written
updates that Borrower delivers to the Administrative Agent and the Collateral
Agent) sets forth a true and complete list of each of the Foreign Trademarks.

4.23         Insurance.  All policies of insurance of any kind or
nature of the Borrower or any of its Subsidiaries, including policies of life,
fire, theft, product liability, public liability, property damage, other
casualty, employee fidelity, workers’ compensation and employee health and
welfare insurance, are in full force and effect and are of a nature and provide
such coverage as is sufficient and as is customarily carried by businesses of
the size and character of such Person. None of the Borrower or any of its
Subsidiaries has been refused insurance for any material coverage for which it
had applied or had any policy of insurance terminated (other than at its
request).

4.24         Senior Subordinated
Debt Documents.

(a)           None of the Senior Subordinated Debt Documents or
Senior Subordinated Discount Debt Documents has been amended or modified in any
respect and no provision therein has been waived, except in each case to the
extent permitted by Section 6.15.

(b)           So long as the Senior Subordinated Notes Indenture or
the Senior Subordinated Discount Notes Indenture or any similar Indebtedness,
as applicable, shall be in effect, all of the Obligations of the Borrower do
and at all times will constitute “Senior Indebtedness” of the Borrower, and all
of the obligations of any Guarantor under the Guaranty and the other Loan
Documents to which such Guarantor is a party do and at all times will
constitute “Senior Indebtedness” of such Guarantor, in each case, as
applicable, under and as defined in each of the Senior Subordinated Notes
Indenture and the Senior Subordinated Discount Notes Indenture.

(c)           So long as the Senior Subordinated Notes Indenture or
the Senior Subordinated Discount Notes Indenture or any similar Indebtedness,
as applicable, shall be in effect, the Secured Obligations constitute the “Bank
Indebtedness” and the “Designated Senior Indebtedness” with respect to each
Loan Party under and as defined in each of the Senior Subordinated Notes
Indenture and the Senior Subordinated Discount Notes Indenture.

ARTICLE
5

AFFIRMATIVE COVENANTS

As long as any of the Obligations (other than
indemnity or reimbursement obligations not then payable) or the Commitments
remain outstanding, unless the Requisite Lenders otherwise consent in writing,
each of the Borrower and Holdings agrees with the Lenders, the Issuers and the
Administrative Agent that:

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5.1           Financial Statements.  Each of the Borrower and Holdings will, and
will cause its Subsidiaries to, furnish to the Administrative Agent, the
Collateral Agent and each Lender:

(a)           as soon as available, but in any event within 90 days
(or, upon the Borrower becoming (or being required under the Senior
Subordinated Notes Indenture or the Senior Subordinated Discount Notes
Indenture to file as if) an SEC-reporting company under applicable securities
laws, such other applicable period as may be required for filing an Annual
Report on Form 10-K (or successor form)) after the end of each Fiscal Year of
the Borrower, a copy of the audited consolidated balance sheet of the Borrower
and its consolidated Subsidiaries as at the end of such year and the related
audited consolidated statements of income and of cash flows for such year,
setting forth in each case in comparative form the figures for the previous
year, reported on without a “going concern” or like qualification or exception,
or qualification arising out of the scope of the audit, by BDO Seidman LLP or
other independent certified public accountants of nationally recognized
standing;

(b)           as soon as available, but in any event not later than
45 days (or, upon the Borrower becoming (or being required under the Senior
Subordinated Notes Indenture or the Senior Subordinated Discount Notes
Indenture to file as if) an SEC-reporting company under applicable securities
laws, such other applicable period as may be required for filing a Quarterly
Report on Form 10-Q (or successor form)) after the end of each of the first
three Fiscal Quarters of the Borrower, the unaudited consolidated balance sheet
of the Borrower and its consolidated Subsidiaries as at the end of such quarter
and the related unaudited consolidated statements of income and of cash flows
for such quarter and the portion of the Fiscal Year through the end of such
Fiscal Quarter, setting forth in each case in comparative form the figures for
the previous year, certified by a Responsible Officer as being fairly stated in
all material respects (subject to normal year end audit adjustments); and

(c)           as soon as available, but in any event not later than
45 days after the end of each month occurring during each Fiscal Year of the
Borrower (other than the third, sixth, ninth and twelfth such month), the
unaudited consolidated balance sheets of the Borrower and its Subsidiaries as
at the end of such month and the related unaudited consolidated statements of
income and of cash flows for such month and the portion of the Fiscal Year
through the end of such month, setting forth in each case in comparative form
the figures for the previous year, certified by a Responsible Officer of the
Borrower as being fairly stated in all material respects (subject to normal
year-end audit adjustments).

All such Financial Statements shall be complete and
correct in all material respects and shall be prepared in reasonable detail and
in accordance with GAAP applied consistently throughout the periods reflected
therein and with prior periods (except as approved by such accountants or
officer, as the case may be, and disclosed therein); provided,
however, that if the Permitted Merger shall have occurred during any
period of measurement whereby Financial Statements are required to be delivered
pursuant to this Section 5.1, all Financial Statements

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delivered pursuant to
this Section 5.1 shall be calculated after giving pro forma effect to the
Permitted Merger as if the Permitted Merger had occurred on the first day of
such relevant period.

5.2           Certificates; Other
Information.  Each of the Borrower
and Holdings will, and will cause its Subsidiaries to, furnish to the
Administrative Agent, the Collateral Agent 
and each Lender:

(a)           Auditor Certificate. 
Concurrently with the delivery of the Financial Statements referred to
in Section 5.1(a), a certificate of the independent certified public
accountants reporting on such Financial Statements stating that in making the
examination necessary therefor no knowledge was obtained of any Default or
Event of Default, except as specified in such certificate;

(b)           Responsible Officer Certificate; Compliance
Certificate; Collateral Listing.  Concurrently
with the delivery of any Financial Statements pursuant to Section 5.1:

(i)            a certificate of a Responsible Officer of the Borrower
stating that, to the best of such Responsible Officer’s knowledge, each Loan
Party during such period has observed or performed all of its covenants and
other agreements, and satisfied every condition, contained in this Agreement
and the other Loan Documents to which it is a party to be observed, performed
or satisfied by it, and that such Responsible Officer has obtained no knowledge
of any Default or Event of Default except as specified in such certificate; or

(ii)           in the case of Financial Statements delivered pursuant
to Section 5.1(a) or (b), a Compliance Certificate (x) containing the
statements specified in clause (i) above; (y) containing (and certifying as to)
(A) all information and calculations necessary for determining compliance by
the Borrower with each of the financial covenants contained in Section 6.1 as
of the last day of the Fiscal Quarter or Fiscal Year of the Borrower and
Section 6.7 for the Fiscal Year (or portion thereof) ending on such last day;
and (B) to the extent not previously disclosed to the Administrative Agent, a
listing of any county or state within the United States where any Loan Party
keeps inventory or equipment having a Fair Market Value of more than $5,000,000
and of any Intellectual Property acquired by any Loan Party since the date of
the most recent list delivered pursuant to this clause (y) (or, in the case of
the first such list so delivered, since the Closing Date); and (z) certifying
that the Corporate Chart attached thereto (or the last Corporate Chart
delivered pursuant to this clause (z)) is true, correct and complete as of such
last day.

(c)           Projections.  As soon as
available, and in any event no later than 45 days after the end of each Fiscal
Year of the Borrower, a detailed consolidated budget for the following Fiscal
Year (including a projected consolidated balance sheet of the Borrower and its

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Subsidiaries
as of the end of the following Fiscal Year, the related consolidated statements
of projected cash flow, projected changes in financial position and projected
income and a description of the 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;

(d)           Financial Condition Analysis. 
Within 45 days after the end of the first three Fiscal Quarters of the
Borrower, and within 90 days after the end of each Fiscal Year of the Borrower,
a narrative discussion and analysis of the financial condition and results of
operations of the Borrower and its Subsidiaries for such Fiscal Quarter and for
the period from the beginning of the then current Fiscal Year to the end of
such Fiscal Quarter, as compared to the portion of the Projections covering
such periods and to the comparable periods of the previous year;

(e)           Reports.  Within five
days after the same are sent, copies of all financial statements and reports
that Holdings or the Borrower sends to the holders or beneficial owners of
Permitted Additional Secured Indebtedness, Senior Subordinated Notes, or Senior
Subordinated Discount Notes or any other class of its debt securities or public
equity Securities and, within five days after the same are filed, copies of all
financial statements and reports that Holdings or the Borrower may make to, or
file with, the SEC;

(f)            Management Letters. 
Within five Business Days after receipt thereof by any Loan Party, copies
of each final management letter, exception report or similar letter or report
received by such Loan Party from its independent certified public accountants;

(g)           Asset Sales.  Prior to any
Asset Sale anticipated to generate in excess of $500,000 (or its Dollar
Equivalent) in Net Cash Proceeds, a notice (a) describing such Asset Sale or
the nature and material terms and conditions of such transaction and (b)
stating the estimated Net Cash Proceeds anticipated to be received by the
Borrower or any of its Subsidiaries;

(h)           Labor Relations.  Promptly
after becoming aware of the same, written notice of (i) any material labor
dispute to which the Borrower or any of its Subsidiaries is or may become a
party, including any strikes, lockouts or other disputes relating to any of
such Person’s plants and other facilities, and (ii) any Worker Adjustment and
Retraining Notification Act or related liability incurred with respect to the
closing of any plant or other facility of any of such Person that would
reasonably be expected to have a Material Adverse Effect;

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(i)            Tax Returns.  Upon the
written request of the Administrative Agent, copies of all Tax Returns filed by
the Borrower or any of its Subsidiaries in respect of taxes measured by income
(excluding sales, use and like taxes);

(j)            Insurance.  As soon as is
practicable following the written request of the Administrative Agent and in
any event within 90 days after the end of each Fiscal Year, (i) a report in
form and substance reasonably satisfactory to the Administrative Agent and the
Lenders outlining all material insurance coverage maintained as of the date of
such report by the Borrower and its Subsidiaries and the duration of such
coverage and (ii) an insurance broker’s statement that all premiums then due
and payable with respect to such coverage have been paid and confirming that
the Collateral Agent has been named as loss payee or additional insured, as
applicable;

(k)           Environmental Matters. 
Promptly and in any event within 10 days of the Borrower or any Subsidiary
learning of any of the following, written notice promptly and in any event
within 10 days of the Borrower or any Subsidiary learning of any of the
following, written notice of Environmental Liabilities and Cost, or that there
exists a condition which could reasonably be expected to result in
Environmental Liabilities and Cost, that would, in the aggregate, reasonably be
expected to have a Material Adverse Effect;

(l)            Permitted Indebtedness. 
Prior to the issuance thereof, copies of all material documents pursuant
to which any Permitted Additional Secured Indebtedness, Permitted PIK Notes,
Permitted Unsecured PIK Notes or Permitted Junior Lien PIK Notes are to be
issued (other than documents that customarily would be, and are, subject to
applicable confidentiality restrictions); and

(m)          Additional Information. 
Promptly, such additional financial and other information as the
Administrative Agent, the Collateral Agent or any Lender may from time to time
reasonably request.

5.3           Payment of
Obligations and Taxes.  Each of the
Borrower and Holdings will, and will cause each of its Subsidiaries to, pay,
discharge or otherwise satisfy at or before maturity or before they become
delinquent, as the case may be, all its material obligations of whatever
nature, except where the amount or validity thereof is currently being
contested in good faith by appropriate proceedings and reserves in conformity
with GAAP with respect thereto have been provided on the books of Holdings, the
Borrower or its Subsidiaries, as the case may be.  The Borrower shall, and shall cause each of
its Subsidiaries to, pay and discharge before the same shall become delinquent,
all lawful governmental claims, taxes, assessments, charges and levies, except
where contested in good faith, by proper proceedings and adequate reserves
therefor have been established on the books of the Borrower or the appropriate
Subsidiary in conformity with GAAP and except to the extent the failure to do
so would not, in the aggregate, be reasonably expected to have a Material
Adverse Effect.

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5.4           Maintenance of
Existence; Compliance.  Each of the
Borrower and Holdings will, and will cause each of its Subsidiaries to:

(a)           (i) preserve, renew and keep in full force and effect
its corporate existence and (ii) take all reasonable action to maintain all
rights, privileges and franchises necessary or desirable in the normal conduct
of its business, except, in each case, as otherwise permitted by Section 6.4
and except, in the case of clause (ii) above, to the extent that failure to do
so would not, in the aggregate, reasonably be expected to have a Material
Adverse Effect; and

(b)           comply with all Contractual Obligations, Requirements
of Law and Permits except to the extent that failure to comply therewith could
not, in the aggregate, reasonably be expected to have a Material Adverse
Effect.

5.5           Maintenance of
Property; Insurance.  Each of the
Borrower and Holdings will, and will cause each of its Subsidiaries to, (a) (i)
keep all property useful and necessary in its business in good working order
and condition, ordinary wear and tear excepted, and (ii) maintain and preserve
all registered patents, trademarks, trade names, copyrights and service marks
with respect to its business, except where the failure to so maintain and preserve
would not, in the aggregate, reasonably be expected to have a Material Adverse
Effect, and (b) (i) maintain with financially sound and reputable insurance
companies insurance on all its property in at least such amounts and against at
least such risks (but including in any event public liability, product
liability and business interruption) as are usually insured against in the same
general area by companies engaged in the same or a similar business, and (ii)
cause all such insurance to name the Collateral Agent on behalf of the Secured
Parties as additional insured or loss payee, as appropriate, and to provide
that no cancellation, material diminution in amount of coverage or other
material change in coverage shall be effective until after 30 days’ written
notice thereof to the Collateral Agent.

5.6           Inspection of
Property; Books and Records; Discussions. 
Each of the Borrower and Holdings will, and will cause each of its
Subsidiaries to, (a) keep proper books of records and account in which full,
true and correct entries in conformity with GAAP and all Requirements of Law
shall be made of all dealings and transactions in relation to its business and
activities and (b) permit representatives of any Lender, at their own expense,
to visit and inspect any of its properties and examine and make abstracts from
any of its books and records at any reasonable time during regular business
hours and as often as may reasonably be desired and to discuss the business,
operations, properties and financial and other condition of Holdings, the
Borrower and its Subsidiaries with officers and employees of Holdings, the
Borrower and its Subsidiaries and with its independent certified public
accountants.

5.7           Notices.  Each of the Borrower and Holdings will, and
will cause each of its Subsidiaries to, promptly give notice to the
Administrative Agent and each Lender of:

(a)           the occurrence of any Default or Event of Default;

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(b)           any (i) default or event of default under any
Contractual Obligation of Holdings, the Borrower or any of its Subsidiaries or
(ii) litigation, investigation or proceeding that may exist at any time between
Holdings, the Borrower or any of its Subsidiaries and any Governmental
Authority, that in either case, if not cured or if adversely determined, as the
case may be, would reasonably be expected to have a Material Adverse Effect;

(c)           any litigation or proceeding to which Holdings, the
Borrower or any of its Subsidiaries is a party (i) in which the claim against
such Person or Persons is $2,500,000 or more and not covered by insurance, (ii)
in which injunctive or similar relief is sought against such Person or Persons
or (iii) which relates to any Loan Document;

(d)           the following events, as soon as possible and in any
event within 30 days after the Borrower knows thereof:  (i) the occurrence of any Reportable Event
with respect to any Plan or Multiemployer Plan, a failure to make any required
contribution to a Plan or Multiemployer Plan, the creation of any Lien in favor
of the PBGC or a Plan or Multiemployer Plan or any withdrawal therefrom, or the
termination, Reorganization or Insolvency of, any Single Employer Plan or
Multiemployer Plan or (ii) the institution of proceedings or the taking of any
other action by the PBGC or the Borrower or any ERISA Affiliate or any
Multiemployer Plan with respect to the withdrawal from, or the termination,
Reorganization or Insolvency of, any Single Employer Plan or Multiemployer
Plan;

(e)           any development or event that has had or would
reasonably be expected to have a Material Adverse Effect;

(f)            the occurrence or existence of any “Default” or “Event
of Default” under the Senior Subordinated Debt Indenture or the Senior
Subordinated Discount Notes Indenture or any Junior Lien Document; and

(g)           the audit or examination of any Tax Return by any
Governmental Authority, the receipt by any Loan Party of notice of any such
audit or examination or the assertion of any claim for taxes against any Loan
Party by any Governmental Authority; and

(h)           a copy of each notice required to be given, and any
other material notice given to holders of Permitted Additional Secured
Indebtedness, to holders of Senior Subordinated Notes, or to holders of Senior
Subordinated Discount Notes.

Each notice pursuant to this Section 5.7 shall be
accompanied by a statement of a Responsible Officer setting forth details of
the occurrence referred to therein and stating what action Holdings, the
Borrower or the relevant Subsidiary proposes to take with respect thereto.

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5.8           Environmental Laws.  Each of the Borrower and Holdings will, and
will cause each of its Subsidiaries to:

(a)           comply in all material respects with, and ensure
compliance in all material respects by all tenants and subtenants, if any,
with, all applicable Environmental Laws, and obtain and comply in all material
respects with and maintain, and ensure that all tenants and subtenants obtain
and comply in all material respects with and maintain, any and all licenses,
approvals, notifications, registrations or Permits required by applicable
Environmental Laws.

(b)           conduct and complete all investigations, studies,
sampling and testing, and all remedial, removal and other actions required
under Environmental Laws and promptly comply in all material respects with all
lawful orders and directives of all Governmental Authorities regarding
Environmental Laws.

5.9           Ratings.  Each of Borrower and Holdings will cause the
Loans at all times to have a publicly available senior secured debt rating from
each of Moody’s and S&P.

5.10         Additional Collateral
and Guaranties.  Each of the Borrower
and Holdings will, and will cause each of its Subsidiaries to:

(a)           with respect to any property acquired after the
Closing Date by Holdings, the Borrower or any of its Subsidiaries (other than
(x) any property described in paragraph (b), (c) or (d) below, (y) any property
subject to a Lien expressly permitted by Section 6.3(i) and (z) property
acquired by any Excluded Foreign Subsidiary) as to which the Collateral Agent,
for the benefit of the Secured Parties, does not have a perfected Lien,
promptly (i) execute and deliver to the Collateral Agent such amendments to the
Security Agreement or such other documents as the Collateral Agent deems
necessary or advisable to grant to the Collateral Agent, for the benefit of the
Secured Parties, a security interest in such property and (ii) take all actions
necessary or advisable to grant to the Collateral Agent, for the benefit of the
Secured Parties, a perfected first priority security interest in such property,
including the filing of Uniform Commercial Code financing statements in such
jurisdictions as may be required by the Security Agreement or by law or as may
be requested by the Collateral Agent;

(b)           with respect to any fee interest in any real property
having a value (together with improvements thereof) of at least $1,000,000
acquired after the Closing Date by Holdings, the Borrower or any of its
Subsidiaries (other than (y) any such real property subject to a Lien expressly
permitted by Section 6.3(f) and (z) real property acquired by any Excluded
Foreign Subsidiary), promptly (i) execute and deliver a first priority
Mortgage, in favor of the Collateral Agent, for the benefit of the Secured
Parties, covering such real property, (ii) if requested by the Administrative
Agent or the Requisite Lenders, provide the Lenders with (x) title and extended
coverage insurance covering such real property in an amount at least equal to
the purchase price of such real property (or such other amount as shall be
reasonably specified by the Collateral Agent) as well as a current ALTA survey
thereof, together with a surveyor’s certificate and (y) any consents or
estoppels reasonably deemed necessary or advisable by the

 104
 

Collateral
Agent in connection with such Mortgage, each of the foregoing in form and substance
reasonably satisfactory to the Collateral Agent and (iii) if requested by the
Collateral Agent or the Requisite Lenders, deliver to the Collateral Agent
legal opinions relating to the matters described above, which opinions shall be
in form and substance, and from counsel, reasonably satisfactory to the
Collateral Agent;

(c)           with respect to any new Subsidiary (other than an
Excluded Foreign Subsidiary) created or acquired after the Closing Date by
Holdings, the Borrower or any of its Subsidiaries (which, for the purposes of
this paragraph (c), shall include any existing Subsidiary that ceases to be an
Excluded Foreign Subsidiary), promptly (i) execute and deliver to the
Administrative Agent such amendments to the Security Agreement as the
Collateral Agent deems necessary or advisable to grant to the Collateral Agent,
for the benefit of the Lenders, a perfected first priority security interest in
the Capital Stock and any Indebtedness of such new Subsidiary that is owned by
Holdings, the Borrower or any of its Subsidiaries, (ii) deliver to the
Collateral Agent the certificates representing such Capital Stock and any
Indebtedness, together with undated stock or board powers, in blank, executed
and delivered by a duly authorized officer of Holdings, the Borrower or such
Subsidiary, as the case may be, as Pledged Stock or Pledged Notes, as
applicable, under the Security Agreement, (iii) cause such new Subsidiary (A)
to become a party to the Security Agreement and the Guaranty, (B) to take such
actions necessary or advisable to grant to the Collateral Agent for the benefit
of the Secured Parties a perfected first priority security interest in the
Collateral described in the Security Agreement with respect to such new
Subsidiary, including the filing of Uniform Commercial Code financing
statements in such jurisdictions as may be required by the Security Agreement
or by law or as may be requested by the Collateral Agent and (C) to deliver to
the Collateral Agent a certificate of such Subsidiary, substantially in the
form of Exhibit I, with appropriate insertions and attachments, and (iv) if
requested by the Collateral Agent, deliver to the Collateral Agent legal
opinions relating to the matters described above, which opinions shall be in
form and substance, and from counsel, reasonably satisfactory to the Collateral
Agent;

(d)           with respect to any new First-Tier Excluded Foreign
Subsidiary created or acquired after the Closing Date by Holdings, the Borrower
or any of its Subsidiaries (which, for the purposes of this paragraph (d),
shall include any existing Subsidiary that becomes a First-Tier Excluded
Foreign Subsidiary), promptly (i) execute and deliver to the Collateral Agent
such amendments to the Security Agreement as the Collateral Agent deems
necessary or advisable to grant to the Collateral Agent, for the benefit of the
Secured Parties, a perfected first priority security interest in the Capital
Stock and any Indebtedness of such First-Tier Excluded Foreign Subsidiary that
is owned by Holdings, the Borrower or any of its Subsidiaries (provided that in no event shall more than 65% of the total
outstanding Voting Stock of any such new First-Tier Excluded Foreign Subsidiary
be required to be so pledged unless tax laws change to permit an increased
percentage without adverse tax consequences to the Borrower), (ii) deliver to
the Collateral Agent the certificates representing such Capital Stock and
Indebtedness, together with undated stock or board powers, in blank, executed
and delivered by a duly authorized officer of Holdings, the Borrower or such
First-Tier Excluded Foreign Subsidiary, as the case may be, as Pledged Stock or
Pledged Notes, as applicable, under the Security Agreement, (iii) take such
other action as may be necessary or, in the opinion of the Collateral Agent,
desirable to perfect

 105
 

the
Collateral Agent’s security interest therein, and (iv) if requested by the
Collateral Agent, deliver to the Collateral Agent legal opinions relating to
the matters described above, which opinions shall be in form and substance, and
from counsel, reasonably satisfactory to the Collateral Agent; and;

(e)           promptly upon request by the Administrative Agent or
the Collateral Agent, as the case may be, (i) correct any material defect or
error that may be discovered in any Loan Document or in the execution,
acknowledgment, filing or recordation thereof, and (ii) do, execute,
acknowledge, deliver, record, re-record, file, and re-file, any and all such
further acts, certificates, assurances and other instruments as the Administrative
Agent may reasonably require from time to time in order to (A) carry out more
effectively the purposes of the Loan Documents, (B) to the fullest extent
permitted by applicable law, subject any Loan Party’s or any of its
Subsidiaries’ properties, assets, rights or interests to the Liens now or
hereafter intended to be covered by any of the Collateral Documents, (C)
perfect and maintain the validity, effectiveness and priority of any of the
Collateral Documents and any of the Liens intended to be created thereunder
,(D) carry out the purposes of Section 6.4(iv) and Section 9.23, and (E)
assure, grant, preserve, protect and confirm unto the Secured Parties the
rights granted or now or hereafter intended to be granted to the Secured
Parties under any Loan Document or under any other instrument executed in
connection with any Loan Document to which any Loan Party or any of its
Subsidiaries is or is to be a party, and cause each of its Subsidiaries to do
so.

5.11         Liens Securing
Excluded Foreign Subsidiary Indebtedness. 
Each of the Borrower and Holdings will, and will cause each of its
Subsidiaries to, within 60 days after the date any Indebtedness of an Excluded
Foreign Subsidiary is incurred pursuant to Section 6.2(b)(v), cause such
Excluded Foreign Subsidiary to create a Lien on substantially all of its assets
to secure such Indebtedness except to the extent that the Borrower, in
consultation with the Collateral Agent, determines that the creation of such
Lien would (a) result in adverse tax consequences to the Borrower or such
Excluded Foreign Subsidiary, (b) be prohibited by or impracticable under the
laws of the relevant jurisdiction or (c) result in costs and expenses to the
Borrower and/or such Excluded Foreign Subsidiary that are excessive in relation
to the value of the collateral security that would be created thereby.

5.12         Application of
Proceeds.  Each of the Borrower and
Holdings will, and will cause each of its Subsidiaries to, use the entire
amount of the proceeds of the Loans as provided in Section 4.16.

ARTICLE
6

NEGATIVE COVENANTS

As long as any of the Obligations (other than
indemnity or reimbursement obligations not then payable) or the Commitments
remain outstanding, unless the Requisite Lenders otherwise consent in writing,
each of the Borrower and Holdings agrees with the Lenders, the Issuers and the
Administrative Agent that:

 106
 

6.1           Financial Condition
Covenants.

(a)           Consolidated Leverage Ratio. 
Each of the Borrower and Holdings will not, and will not permit any of
its Subsidiaries to, directly or indirectly, permit the Consolidated Leverage
Ratio as at the last day of any period of four consecutive Fiscal Quarters of
the Borrower ending with any Fiscal Quarter set forth below to exceed the ratio
set forth below opposite such Fiscal Quarter:

	
  Quarter-End 

  Date

  	
   

  	
  Consolidated 

  Leverage 

  Ratio

  
	
  June 30, 2007

  	
   

  	
  8.00x

  
	
  September 30, 2007

  	
   

  	
  8.00x

  
	
  December 31, 2007

  	
   

  	
  8.00x

  
	
  March 31, 2008

  	
   

  	
  8.00x

  
	
  June 30, 2008

  	
   

  	
  8.00x

  
	
  September 30, 2008

  	
   

  	
  8.00x

  
	
  December 31, 2008

  	
   

  	
  7.95x

  
	
  March 31, 2009 and
  thereafter

  	
   

  	
  7.85x

  

(b)           Consolidated Interest Coverage Ratio. 
Each of the Borrower and Holdings will not, and will not permit any of
its Subsidiaries to, directly or indirectly, permit the Consolidated Interest
Coverage Ratio for any period of four consecutive Fiscal Quarters of the
Borrower ending with any Fiscal Quarter set forth below to be less than the
ratio set forth below opposite such Fiscal Quarter:

	
  Quarter-End 

  Date

  	
   

  	
  Consolidated

  Interest Coverage

  Ratio

  
	
  June 30, 2007

  	
   

  	
  1.25x

  
	
  September 30,
  2007

  	
   

  	
  1.25x

  
	
  December 31,
  2007

  	
   

  	
  1.30x

  
	
  March 31, 2008

  	
   

  	
  1.30x

  
	
  June 30, 2008

  	
   

  	
  1.30x

  
	
  September 30,
  2008

  	
   

  	
  1.35x

  
	
  December 31,
  2008

  	
   

  	
  1.35x

  
	
  March 31, 2009
  and thereafter

  	
   

  	
  1.35x

  

 

(c)           Consolidated First Lien Leverage Ratio. 
Each of the Borrower and Holdings will not, and will not permit any of
its Subsidiaries to, directly or indirectly, permit the Consolidated First Lien
Leverage Ratio for any four consecutive Fiscal Quarters of the Borrower ending
with any Fiscal Quarter set forth below to exceed the ratio set forth below
opposite such Fiscal Quarter:

 107
 

 

	
  Quarter-End 

  Date

  	
   

  	
  Consolidated

  First Lien

  Leverage

  Ratio

  
	
  June 30, 2007

  	
   

  	
  3.80x

  
	
  September 30,
  2007

  	
   

  	
  3.80x

  
	
  December 31,
  2007

  	
   

  	
  3.80x

  
	
  March 31, 2008

  	
   

  	
  3.80x

  
	
  June 30, 2008

  	
   

  	
  3.80x

  
	
  September 30,
  2008

  	
   

  	
  3.75x

  
	
  December 31,
  2008

  	
   

  	
  3.70x

  
	
  March 31, 2009
  and thereafter

  	
   

  	
  3.50x

  

(d)           Right to Cure. 
Notwithstanding anything to the contrary contained in Section 6.1, in
the event that the Borrower fails to comply with the requirements of any
financial covenant in this Section 6.1, until the expiration of the 10th day
subsequent to the date in which the Financial Statements are required to be
delivered pursuant to Section 5.1(a) or (b), (x) prior to the Permitted Merger,
Merisant Worldwide shall have the right to issue Permitted Cure Securities for
cash or otherwise receive cash contributions to the capital of Merisant
Worldwide, and, in each case, to contribute any such cash to the capital of
Merisant Company or (y) upon or after the Permitted Merger, the Surviving
Entity shall have the right to issue Permitted Cure Securities for cash or
otherwise receive cash contributions to its capital (collectively, the “Cure
Right”), and upon the receipt by Borrower of such cash (the “Cure Amount”)
pursuant to the exercise by Holdings of such Cure Right and request to the
Administrative Agent to effect such recalculation, such financial covenant
shall be recalculated giving effect to the following pro forma adjustments:

(i)            EBITDA shall be increased, solely for the purpose of
measuring the financial covenants and not for any other purpose under this
Agreement, by an amount equal to the Cure Amount; and

(ii)           if, after giving effect to the foregoing
recalculations, Borrower shall then be in compliance with the requirements of
all financial covenants, Borrower shall be deemed to have satisfied the
requirements of the financial covenants as of the relevant date of
determination with the same effect as though there had been no failure to
comply therewith at such date, and the applicable breach or default of the
financial covenants that had occurred shall be deemed cured for the purposes of
this Agreement.

(e)           Limitation on Exercise of Cure Right. 
Notwithstanding anything herein to the contrary, (i) in each
four-fiscal-quarter period there shall be at least two fiscal quarters in which
the Cure Right is not exercised and (ii) the Cure Amount shall be no greater
than the amount required for purposes of complying with the relevant financial
covenants.

 108
 

(f)            Pro Forma Effect. If the Permitted Merger shall have
occurred during any period of measurement pursuant to this Section 6.1, the
financial covenants set forth in this Section 6.1 shall be calculated after
giving pro forma effect to the Permitted Merger as if the Permitted Merger had
occurred on the first day of such relevant period.

6.2           Indebtedness.  Each of the Borrower and Holdings will not,
and will not permit any of its Subsidiaries to, directly or indirectly, create,
issue, incur, assume, become liable in respect of or suffer to exist any
Indebtedness, except:

(a)           Indebtedness of any Loan Party pursuant to any Loan
Document;

(b)           Indebtedness (i) of the Borrower to SwissCo 2 from
time to time in an aggregate principal amount not to exceed $200,000,000, plus
accrued interest thereon, pursuant to the SwissCo 2 Revolving Note, (ii) of
Merisant Worldwide to Merisant Company permitted under Section 6.6(iii) hereof,
(iii) of the Borrower to any Wholly Owned Subsidiary Guarantor or of any Wholly
Owned Subsidiary Guarantor to the Borrower or any Wholly Owned Subsidiary
Guarantor, (iv) of any Excluded Foreign Subsidiary to any other Excluded
Foreign Subsidiary or (v) of any Excluded Foreign Subsidiary to the Borrower or
any Subsidiary Guarantor provided, however,
that the Investment in the intercompany loan to such Excluded Foreign
Subsidiary pursuant to this subclause (b)(v) is permitted under Section
6.8(f)(iii) or Section 6.8(j);

(c)           Guaranty Obligations incurred in the ordinary course
of business by the Borrower or any of its Subsidiaries of obligations of any
Subsidiary; provided that the amount of any such
obligation guaranteed by the Borrower or any of its Subsidiaries shall not
exceed $2,000,000 in the aggregate for the Borrower and all of its Subsidiaries;

(d)           Indebtedness (other than Hedging Contracts, the Senior
Subordinated Notes and the Senior Subordinated Discount Notes) outstanding on
the date hereof and listed on Schedule 6.2 and any renewals or extensions
thereof (that does not shorten the maturity of, or increase the principal
amount of (other than to include any premium or fee payable in connection with
such refinancing, refunding, renewal or extension), and that otherwise is on
terms no less favorable to the Borrower or such Subsidiary (taken as a whole)
than, the Indebtedness being renewed or extended;

(e)           Indebtedness (other than Indebtedness of (i) any
Subsidiary of Holdings that directly owns Capital Stock  in an Excluded Foreign Subsidiary, and (ii)
Merisant Spain) (including, without limitation, Capital Lease Obligations)
secured by Liens permitted by Section 6.3(f) in an aggregate principal amount
not to exceed $4,000,000 at any one time outstanding.

 109
 

(f)            Interest Rate Contracts in respect of Indebtedness
that bears interest at a floating rate, so long as such agreements are not
entered into for speculative purposes and are either (i) with a Lender as
counterparty or (ii) are unsecured;

(g)           Foreign Overdraft Guaranties in an aggregate amount
not to exceed $5 million at any time outstanding, provided
that no such Guaranty Obligation shall be outstanding for more than two
Business Days after the date of incurrence thereof;

(h)           in addition to Indebtedness otherwise expressly
permitted by this Section 6.2, Indebtedness incurred by the Borrower or any of
its Subsidiaries (other than (i) any Subsidiary that directly owns Capital
Stock  in an Excluded Foreign Subsidiary,
and (ii) Merisant Spain) in an aggregate amount not to exceed $10,000,000 at
any one time outstanding;

(i)            Indebtedness of Merisant Company or its successor
pursuant to the Permitted Merger and the Subsidiary Guarantors consisting of
the Senior Subordinated Notes issued by Merisant Company (and guaranteed by the
Subsidiary Guarantors) under the Senior Subordinated Notes Indenture;

(j)            Indebtedness of Merisant Worldwide or its successor
pursuant to the Permitted Merger consisting of the Senior Subordinated Discount
Notes issued by Merisant Worldwide pursuant to the Senior Subordinated Discount
Notes Indenture;

(k)           Indebtedness (other than Indebtedness of (x) any
Subsidiary of Holdings that directly owns Capital Stock  in an Excluded Foreign Subsidiary, and (y)
Merisant Spain) of (i) the Borrower or any Subsidiary of the Borrower assumed
in connection with any acquisition of the assets of any Person pursuant to an
Investment permitted under Section 6.8(h) or (ii) a Person that becomes a
direct or indirect Wholly Owned Subsidiary as a result of any acquisition
pursuant to an Investment permitted under Section 6.8(h), so long as, in the case
of clause (i) or (ii), such Indebtedness existed immediately prior to such
acquisition and was not created in anticipation of such acquisition, and any
refinancing, refunding, renewal or extension thereof does not shorten the
maturity of, or increase the principal amount of (other than to include any
customary premium or fee payable in connection with such refinancing,
refunding, renewal or extension) such Indebtedness, and that otherwise is on
terms no less favorable to the Borrower or such Subsidiary (taken as a whole)
than, the Indebtedness being refinanced, refunded, renewed or extended; provided, however, that
the aggregate amount of all such Indebtedness of the Borrower and its
Subsidiaries pursuant to this clause (k) does not exceed $30,000,000 outstanding
at any time; provided, further,
that, in no event shall the aggregate amount of all such Indebtedness of
Merisant Netherlands pursuant to this clause (k) exceed $2,000,000 outstanding
at any time;

(l)            Guaranty Obligations by any Loan Party (other than any
Subsidiary that directly owns Capital Stock 
in an Excluded Foreign Subsidiary) of any

 110
 

Indebtedness
of any Loan Party incurred pursuant to Section 6.2(h), Section 6.2(m) or
Section 6.2(n).

(m)          Permitted PIK Notes, Permitted Unsecured PIK Notes and
Permitted Junior Lien PIK Notes;

(n)           Permitted Additional Secured Indebtedness; and

(o)           Non-recourse Indebtedness of Sweet Simplicity JV in
connection with the development and commercialization of the all-natural,
zero-calorie sweetener to be marketed under the Sweet Simplicity® trademark, in
an aggregate amount not to exceed $25,000,000 outstanding at any time.

6.3           Liens.  Each of the Borrower and Holdings will not,
and will not permit any of its Subsidiaries to, directly or indirectly, create,
incur, assume or suffer to exist any Lien upon any of its property, whether now
owned or hereafter acquired, or assign any right to receive income, except for:

(a)           Liens for taxes not yet due and payable or that are
being contested in good faith by appropriate proceedings, provided
that adequate reserves with respect thereto are maintained on the books of the
Borrower or its Subsidiaries, as the case may be, in conformity with GAAP;

(b)           carriers’, warehousemen’s, mechanics’, materialmen’s,
repairmen’s or other like Liens arising in the ordinary course of business that
are not overdue for a period of more than 30 days or that are being contested
in good faith by appropriate proceedings;

(c)           pledges or deposits in connection with workers’
compensation, unemployment insurance and other social security legislation;

(d)           deposits to secure the performance of bids, trade
contracts (other than for the repayment of borrowed money), leases, statutory
obligations, surety and appeal bonds, performance bonds and other obligations
of a like nature incurred in the ordinary course of business;

(e)           easements, rights-of-way, restrictions and other
similar encumbrances incurred in the ordinary course of business that, in the
aggregate, are not substantial in amount and that do not in any case materially
detract from the value of the property subject thereto or materially interfere
with the ordinary conduct of the business of the Borrower or any of its
Subsidiaries;

 111

(f)            Liens
securing Indebtedness of the Borrower or any of its Subsidiaries incurred
pursuant to Section 6.2(e) to finance the acquisition of fixed or capital
assets, provided that (i) such Liens shall be
created substantially simultaneously with the acquisition of such fixed or
capital assets, (ii) such Liens do not at any time encumber any property other
than the property financed by such Indebtedness and (iii) the principal amount
of Indebtedness secured thereby is not increased after its initial occurrence;

(g)           Liens
created pursuant to the Collateral Documents;

(h)           any
interest or title of a lessor under any operating lease entered into by the
Borrower or any Subsidiary in the ordinary course of its business and covering
only the assets so leased;

(i)            Liens
that (i) secure Indebtedness permitted under Section 6.2(k) in connection with
an acquisition pursuant to an Investment permitted under Section 6.8(h) so long
as such Liens (ii) existed prior to such acquisition, (iii) encumber specific
fixed assets acquired by the Borrower or any Subsidiary of the Borrower, or
owned by a Person that becomes a Wholly Owned Subsidiary, pursuant to such
acquisition, (iv) were not created in contemplation of such acquisition and (v)
do not encumber any property or assets other than such specific fixed assets
and improvements on or proceeds of such specific fixed assets;

(j)            Liens in
favor of depository and collection banks and other regulated financial
institutions consisting of statutory or contractual setoff rights with respect
to deposit accounts or securities accounts of the Borrower or any Subsidiary
thereof maintained with such bank or financial institution to secure payment of
customary maintenance fees or other administrative charges associated with such
accounts so long as such Liens do not secure Indebtedness and are incurred in
the ordinary course of business for amounts that are not overdue for a period
of more than 30 days or that are being contested in good faith by appropriate
proceedings;

(k)           Liens
securing Permitted Additional Secured Indebtedness and/or Permitted PIK Notes, provided that (A) all property encumbered by such Liens
shall also be encumbered by Liens securing the Obligations, and the Liens on
such property that secure the Obligations shall be perfected at least to the
same extent as the Liens on such property securing Permitted Additional Secured
Indebtedness and/or Permitted PIK Notes; and (B) such Liens shall be
subordinate to the Liens securing the Obligations pursuant to an intercreditor
agreement;

(l)            other
Liens that do not individually or in the aggregate, secure obligations (or
encumber property with a Fair Market Value) in excess of $7,500,000 and which
liens shall rank junior to the liens on the Collateral created under the
Collateral documents;

 112
 

(m)          Liens
on the assets of Sweet Simplicity JV securing Indebtedness permitted by Section
6.2(o), which Liens may  have priority
over the Liens created pursuant to Section 6.3(g), provided
that, such Liens are evidenced and secured by documentation that is reasonably
satisfactory to the Requisite Lenders (including without limiting the
generality of the foregoing that the terms and provisions thereof and the lien
covenant do not otherwise confer upon the holders of such Indebtedness (or the
trustee or other representative on their behalf) any rights or impose
obligations on Holdings or the Borrower or their respective Subsidiaries, that
would be materially adverse to the interests of Holdings, the Borrower, their
respective Subsidiaries, the Administrative Agent, the Collateral Agent or the
Lenders); and

(n)           Liens on
the equity interests on the Borrower securing Permitted Junior Lien PIK Notes, provided that (A) all property encumbered by such Liens
shall also be encumbered by Liens securing the Obligations, and the Liens on
such property that secure the Obligations shall be perfected at least to the
same extent as the Liens on such property securing Permitted Junior Lien PIK
Notes; and (B) such Liens shall be subordinate to the Liens securing the Obligations
pursuant to an intercreditor agreement.

6.4           Fundamental Changes.  Each of the Borrower and Holdings will not,
and will not permit any of its Subsidiaries to, directly or indirectly, (a)
enter into any merger, consolidation or amalgamation, or liquidate, wind up or
dissolve itself (or suffer any liquidation or dissolution), or Dispose of, all
or substantially all of its property or business, (b) acquire or create any
Subsidiary unless, after giving effect thereto, the Borrower and Holdings are
in compliance with Section 5.10 and the Investment in such Subsidiary is
permitted under Section 6.8, or (c) change its capital structure (including in
the terms of its outstanding Stock) or otherwise amend its Constituent
Documents, except for changes and amendments (A) to authorize issuance of
Holdings Permitted Preferred Stock or (B) which do not materially affect the
rights and privileges of the Borrower or any of its Subsidiaries, or the
interests of the Administrative Agent, the Lenders and the Issuers under the
Loan Documents or in the Collateral and except that:

(i)            any Subsidiary of the Borrower may
be merged or consolidated with or into (x) the Borrower (provided
that the Borrower shall be the continuing or surviving corporation) or (y) any
Wholly Owned Subsidiary Guarantor (provided that
the Wholly Owned Subsidiary Guarantor shall be the continuing or surviving
corporation);

(ii)           any Subsidiary of the Borrower may
Dispose of any or all of its assets (upon voluntary liquidation or otherwise)
to the Borrower or any Wholly Owned Subsidiary Guarantor;

(iii)          Capital Stock of any Excluded Foreign
Subsidiary (other than a First-Tier Excluded Subsidiary) may be transferred to
the Borrower or any Wholly Owned Subsidiary; and the Capital Stock of any
Subsidiary of the Borrower may be transferred to the Borrower or any Wholly
Owned Subsidiary Guarantor;

 113
 

(iv)          any Excluded Foreign Subsidiary may be
merged or consolidated with any other Wholly Owned Excluded Foreign Subsidiary
or Dispose of any or all of its assets (upon voluntary liquidation or
otherwise) to any other Wholly Owned Excluded Foreign Subsidiary;

(v)           any Excluded Foreign Subsidiary may
be merged or consolidated with a third party in a Disposition permitted by
Section 6.5(e); and

(vi)          Merisant Worldwide may merge or
consolidate with or into Merisant Company (or transfer all or substantially all
of its assets to Merisant Company) or Merisant Company may merge or consolidate
with or into Merisant Worldwide (or transfer all or substantially all of its
assets to Merisant Worldwide), provided that:

(A)          immediately
after giving pro forma effect to such merger, consolidation or transfer (1) the
Consolidated Coverage Ratio (as defined in the Senior Subordinated Notes
Indenture) exceeds 2.0 to 1, (2) the Consolidated Coverage Ratio (as defined
and as calculated in the Senior Subordinated Discount Notes Indenture) exceeds
2.0 to 1, (3)  no Default (as defined in
the Senior Subordinated Notes Indenture) and no Default (as defined in the
Senior Subordinated Discount Notes Indenture) is continuing, and (4) such
merger, consolidation or transfer is otherwise permitted under the Permitted
PIK Notes, Permitted Unsecured PIK Notes, Permitted Junior Lien PIK Notes,
Permitted Additional Secured Indebtedness, Senior Subordinated Debt Documents
and the Senior Subordinated Discount Debt Documents or any similar
Indebtedness;

(B)           immediately
after giving pro forma effect to such merger, consolidation or transfer, the
dates upon which cash payments of principal or interest are due, by Merisant
Worldwide under the Senior Subordinated Discount Debt Documents or any similar
Indebtedness, shall not be prior to May 15, 2009;

(C)           all
Indebtedness under the Senior Subordinated Discount Debt Documents and the
Senior Subordinated Debt Documents or any similar Indebtedness must remain
contractually subordinated to the Obligations;

(D)          no
Default or Event of Default shall have occurred and be continuing or would
result from such merger, consolidation or transfer;

(E)           the
representations and warranties set forth in Article 4 and in the other Loan
Documents shall be true and correct in all material respects on and as of the
date of such merger, consolidation or transfer (or to the extent that such
representations and warranties expressly relate to an earlier date, on and as
of such earlier date);

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(F)           Merisant Worldwide and Merisant
Company shall give written notice at least 30 days in advance of such merger,
consolidation or transfer to the Administrative Agent and Collateral Agent
detailing the proposed date of such merger, consolidation or transfer, the
Surviving Entity, the plan of merger, consolidation or transfer (and any
agreements related thereto) and any other information relating to such merger,
consolidation or transfer reasonably requested by the Administrative Agent or
Collateral Agent;

(G)           the
Surviving Entity shall execute and deliver to the Administrative Agent and the
Collateral Agent, if requested by either, (y) an assumption agreement
reasonably acceptable to the Administrative Agent and the Collateral Agent
whereby the Surviving Entity assumes the duties and obligations of the
non-Surviving Entity and (z) any amendments to any Loan Documents, additional
executed financing statement and other documents that may be necessary or
advisable (in the discretion of the Administrative Agent or Collateral Agent)
in connection with such merger, consolidation or transfer or to maintain the
validity, perfection and priority of the security interests provided for in the
Security Agreement;

(H)          the
Surviving Entity shall, and shall cause each of the Guarantors to deliver to
the Administrative Agent and the Collateral Agent (y) a reaffirmation agreement
reasonably acceptable to the Administrative Agent and the Collateral Agent
reaffirming its respective obligations under the Loan Documents to which it is
a party and (z) any amendments to any Loan Documents and all additional
executed financing statement and other documents that may be necessary or
advisable (in the discretion of the Administrative Agent or Collateral Agent)
in connection with such merger, consolidation or transfer or to maintain the
validity, perfection and priority of the security interests provided for in the
Security Agreement; and

(I)            the
Surviving Entity shall deliver to the Administrative Agent and the Collateral
Agent a favorable opinion of Sidley Austin LLP, counsel to the Loan Parties, as
to the validity and enforceability of the Loan Documents (including any
material agreements required to be executed and delivered pursuant to Sections
6.4(iv) (F) and (G)) against the Surviving Entity and the Secured Parties’
valid and perfected security interest in the Collateral, in each case which
opinions shall be in form and substance reasonably satisfactory to the
Administrative Agent and addressed to the Administrative Agent, the Collateral
Agent, the Lenders and Issuers.

6.5           Disposition of Property.  Each of the Borrower and Holdings will not,
and will not permit any of its Subsidiaries to, directly or indirectly, Dispose
of any of its property (including any Capital Stock of the Borrower or any of
its Subsidiaries), whether now owned or hereafter acquired, or, in the case of
any Subsidiary of Holdings or the Borrower, issue or sell any shares of such
Subsidiary’s Capital Stock (including pursuant to any merger, consolidation,
recapitalization or other transaction) to any Person, except:

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(a)           the
Disposition of obsolete or worn out property in the ordinary course of
business;

(b)           the sale
of inventory in the ordinary course of business, including, without limitation,
sales to Subsidiaries;

(c)           Dispositions
permitted by Section 6.4(ii), (iii), or (iv);

(d)           the sale,
transfer or issuance of any Capital Stock of any Subsidiary of the Borrower (i)
to the Borrower or any Wholly Owned Subsidiary Guarantor or (ii) as permitted
by Section 6.4(i), (ii) or (iii);

(e)           the
Disposition of other property (other than Capital Stock of Merisant Company
(prior to the Permitted Merger) or any Included Subsidiary) having a Fair
Market Value not to exceed $25,000,000 in the aggregate for all such
Dispositions in any Fiscal Year; provided,  however, that, Dispositions related to the Borrower’s plan
known as “Project Arrow” and related restructuring, shall be permitted
notwithstanding the foregoing provisions of this clause (e);

(f)           
agreements by the Borrower or any of its Subsidiaries granting to any third
person any right to use any trademark or copyright owned by the Borrower or
such Subsidiary, provided, however,
that such agreements shall be made in such Loan Party’s ordinary course of
business;

(g)           Prior to
the Permitted Merger, the issue or sale by the Borrower of its Capital Stock
(or capital contributions with respect thereof) to Holdings; and

(h)           the
Disposition to Sweet Simplicity JV by the Borrower or other Subsidiaries of the
Borrower of (i) Intellectual Property necessary for the manufacture,
distribution and marketing of all-natural, zero or low calorie sweeteners or
sweetened food products to be marketed under the Sweet Simplicity® trademark,
and (ii) other property and assets related to such Intellectual Property in an
aggregate amount (valued at cost) not to exceed the aggregate amount of
Investments permitted under Section 6.8(h); provided, in
either case, the Borrower shall receive an opinion from an reputable
independent third party appraiser stating that each of the Borrower and/or such
Subsidiaries of the Borrower has received Fair Market Value for the Disposition
of such Intellectual Property and/or other property and assets contributed to
Sweet Simplicity JV, as applicable.

6.6           Restricted Payments.  Each of the Borrower and Holdings will not,
and will not permit any of its Subsidiaries to, directly or indirectly, (a)
declare or pay any dividend (other than dividends payable solely in capital
stock of the Person making such dividend) on, 

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make any payment on account of, or set apart assets
for a sinking or other analogous fund for, the purchase, redemption,
defeasance, retirement or other acquisition of, any Stock of Holdings, the
Borrower or any Subsidiary, whether now or hereafter outstanding, or make any
other distribution in respect thereof, either directly or indirectly, whether
in cash or property or in obligations of Holdings, the Borrower or any
Subsidiary, or (b) make any payment or prepayment of principal, premium (if
any), interest, fees (including fees to obtain any waiver or consent in
connection with any Security) or other charges on, or redemption, purchase,
retirement, defeasance, sinking fund or similar payment with respect to, any Indebtedness
of Holdings, the Borrower or any of its Subsidiaries other than (w) payments on
account of the Obligations, (x) any required payment, prepayment, redemption,
retirement, purchase or other payment, in each case to the extent required to
be made by the terms of such Indebtedness and permitted by such terms after
giving effect to any applicable subordination provisions, (y) any refinancing
of Indebtedness expressly permitted by Section 6.2, and (z) any repayment of
Indebtedness secured by a Lien expressly permitted pursuant to Section 6.3(f)
or (i) or on any property Disposed of pursuant to Section 6.5(e) that is
effected with the proceeds of such Disposition (collectively, “Restricted Payments”), except that:

(i)            any
Subsidiary of the Borrower may make Restricted Payments directly or indirectly
to the Borrower or any Wholly Owned Subsidiary Guarantor and any Subsidiary of
the Borrower which is not a Wholly Owned Subsidiary may pay dividends to its
shareholders generally so long as the Borrower or its respective Subsidiary
which owns the equity interest or interests in such Subsidiary paying such
dividends receives at least its proportionate share thereof;

(ii)           the
Borrower and Holdings may accrue management fees expressly permitted by the
last sentence of Section 6.9; provided, that
such accrued management fees shall not be payable or paid until all Obligations
have been repaid in full and all Commitments have been cancelled or terminated;

(iii)          prior
to the Permitted Merger, Merisant Company may pay dividends to Merisant
Worldwide or make loans to Merisant Worldwide to permit Merisant Worldwide to
pay:  (x) corporate overhead expenses
incurred in the ordinary course of business; and (y) any taxes that are due and
payable by Merisant Worldwide and Merisant Company as part of a consolidated,
combined or unitary group, provided that
the aggregate amount of the payments in clauses (x) and (y) above shall
not  exceed $750,000 in any Fiscal Year;
and (z) interest payments that are due and payable on the Senior Subordinated
Discount Notes, provided that such payments shall
only be made on or after April 30, 2009;

(iv)          any
Excluded Foreign Subsidiary may make Restricted Payments directly or indirectly
to any other Excluded Foreign Subsidiary;

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(v)           Holdings, the Borrower or any
Subsidiary thereof may make Restricted Payments of Indebtedness (other than
Permitted Additional Secured Indebtedness) in any Fiscal Year in an aggregate
amount not to exceed Excess Cash Flow minus any
mandatory prepayments made pursuant to Section 2.9(b);

(vi)          the
Borrower may repay up to an aggregate of $2,000,000 per year of the
Indebtedness under the SwissCo 2 Revolving Note; and

(vii)         Holdings
or the Borrower may, and may make such Restricted Payments necessary to (A)
exchange for or (B) refinance, refund, repay, satisfy or defease with the Net
Cash Proceeds of, an Equity Issuance of its Capital Stock (other than
Disqualified Capital Stock), the Senior Subordinated Notes or Senior
Subordinated Discount Notes in an amount not to exceed the amount of Net Cash
Proceeds of such Equity Issuance not otherwise required to prepay the
Obligations pursuant to Section 2.9, provided that
any such Capital Stock not consisting of common stock shall be Holdings
Permitted Preferred Stock;

(viii)        Holdings or the Borrower may, and may make such Restricted
Payments necessary to (A) issue, incur and/or exchange Permitted PIK Notes in
exchange for Senior Subordinated Notes or Senior Subordinated Discount Notes or
(B) refinance, refund, repay, satisfy or defease Senior Subordinated Notes or
Senior Subordinated Discount Notes with the Net Cash Proceeds from the
incurrence of Permitted PIK Notes; and

(ix)           the
Borrower may, and may make such Restricted Payments necessary to (A) issue,
incur and/or exchange Permitted Additional Secured Indebtedness in exchange for
Senior Subordinated Notes or Senior Subordinated Discount Notes or (B)
refinance, refund, repay, satisfy or defease Senior Subordinated Notes or
Senior Subordinated Discount Notes with the Net Cash Proceeds from the
incurrence of Permitted Additional Secured Indebtedness.

provided, however,
that the Restricted Payments described in clause (ii),(v), (vi),
(vii), (viii) or (ix) above shall not be permitted if a Default or
Event of Default shall have occurred and be continuing at the date of
declaration or payment thereof or would result therefrom.

6.7           Capital Expenditures.  Each of the Borrower and Holdings will not,
and will not permit any of its Subsidiaries to, directly or indirectly, make or
commit to make any Capital Expenditure, except:

(a)           Capital
Expenditures of the Borrower and its Subsidiaries in the ordinary course of
business not exceeding $12,000,000 in any Fiscal Year of the Borrower; provided that (i) up to $2,500,000 of any such amount
referred to above, if not so expended in 

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the
Fiscal Year for which it is permitted, may be carried over for expenditure in
the next succeeding Fiscal Year and (ii) Capital Expenditures made pursuant to
this clause (a) during any Fiscal Year shall be deemed made, first, in respect of amounts permitted for such Fiscal Year
as provided above and, second, in
respect of amounts carried over from the prior Fiscal Year pursuant to
subclause (i) above; and

(b)           additional
Capital Expenditures not otherwise permitted under this Section 6.7 not to
exceed $12,000,000 in the aggregate.

6.8           Investments.  Each of the Borrower and Holdings will not,
and will not permit any of its Subsidiaries to, directly or indirectly, make
any advance, loan, extension of credit (by way of guaranty or otherwise) or
capital contribution to, or purchase or otherwise acquire any Capital Stock,
bonds, notes, debentures or other Securities of, or any assets constituting a
business unit of, or make any other investment in, any Person (all of the
foregoing, “Investments”) except:

(a)           extensions
of trade credit in the ordinary course of business;

(b)           investments
in Cash Equivalents;

(c)           Guaranty
Obligations permitted by Section 6.2;

(d)           loans and
advances to employees of Holdings, the Borrower or any Subsidiary of the
Borrower in the ordinary course of business (including for travel,
entertainment and relocation expenses) that are not in violation of the
Sarbanes-Oxley Act in an aggregate amount for Holdings, the Borrower or any
Subsidiary of the Borrower not to exceed $1,500,000 at any one time
outstanding;

(e)           investments
in assets useful in the business of the Borrower and its Subsidiaries made by
the Borrower or any of its Subsidiaries with the proceeds of any Reinvestment
Deferred Amount;

(f)            intercompany
Investments by (i) Holdings, the Borrower or any of its Subsidiaries in the
Borrower or any Person that, prior to and immediately after such Investment, is
a Wholly Owned Subsidiary Guarantor; (ii) any Excluded Foreign Subsidiary in
any other Excluded Foreign Subsidiary; and (iii) the Borrower or any Subsidiary
Guarantor in any Excluded Foreign Subsidiary, provided,
however, that the aggregate outstanding amount of any Investments
pursuant to this subclause (f)(iii) shall not exceed $15,000,000 at any one time
outstanding;

(g)           any
Indebtedness permitted by Section 6.2(b);

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(h)           in
addition to Investments otherwise expressly permitted by this Section,
Investments by the Borrower or any of its Subsidiaries in an aggregate amount
(valued at cost) not to exceed $12,500,000 per Fiscal Year and $37,500,000 in
the aggregate (in each case, less the applicable aggregate amount of
Dispositions pursuant to Section 6.5(h)(ii)) during the period beginning on the
Closing Date and ending on the Tranche B Term Loan Maturity Date; provided, however, that
in the case of any acquisition pursuant to an Investment permitted under this
Section 6.8(h), the cost of such Investment shall include the amount of any
Indebtedness permitted under Section 6.2(k) that is assumed by the Borrower or
any of its Subsidiaries in connection with, or of any Person that becomes a
Wholly Owned Subsidiary as a result of, such acquisition;

(i)            loans
made by the Borrower to members of its senior management and evidenced by
promissory notes in an aggregate amount not exceeding the amount shown on
Schedule 6.8 which is currently outstanding as of the Amendment Closing Date to
the extent such loans are not in violation of the Sarbanes-Oxley Act, provided that such promissory notes shall have been and
shall be delivered to the Collateral Agent to be held in pledge for the benefit
of the Secured Parties as Collateral under the Security Agreement;

(j)            Investments
existing on the Amendment Closing Date and disclosed on Schedule 6.8 by the
Borrower or any Subsidiary Guarantor in any Excluded Foreign Subsidiary;

(k)           Investments
by the Borrower or any Subsidiary thereof in the Stock of any Person that has
no equity owners immediately prior to such Investment and is a Wholly Owned
Subsidiary immediately after such Investment in an aggregate amount not to
exceed $10,000 in the aggregate at any one time outstanding for all such
Investments;

(l)            Investments
to the extent permitted by Section 6.6(vii), (viii) and (ix) by Holdings or the
Borrower in the Senior Subordinated Notes or Senior Subordinated Discount Notes
in which such Senior Subordinated Notes or Senior Subordinated Discount Notes,
respectively, are simultaneously cancelled with, and in the amount of, such
Investment; and

(m)          Investments
by the Borrower or any Subsidiary thereof, in an aggregate amount not to exceed
the lesser of (i) the net amount of cash recovery received by the Borrower
pursuant to the Borrower’s lawsuit against McNeil Nutritionals, LLC and
McNeil-PPC, Inc., wholly owned subsidiaries of Johnson & Johnson, before
the U.S. District Court for the Eastern District of Pennsylvania (Civil Action
No. 04-cv-5504), and (ii) $30,000,000, in connection with any acquisition of
property or series of related acquisitions of property (including by way of a
merger or consolidation) that constitutes assets comprising all or
substantially all of an operating unit of a business or constitutes all or
substantially all of the common stock of a Person.

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6.9           Transactions with Affiliates.  Each of the Borrower and Holdings will not,
and will not permit any of its Subsidiaries to, directly or indirectly, enter
into any transaction (including any purchase, sale, lease, transfer,
assignment, exchange or other disposition or acquisition of property, any
rendering of any service, any payment of any management, advisory or similar
fees, any merger or consolidation, any making of an Investment or any repayment
of any Indebtedness) with, or for the benefit of, any Affiliate of the Borrower
(other than Holdings, the Borrower, or any Wholly Owned Subsidiary Guarantor)
unless such transaction is (a) otherwise permitted under this Agreement, (b) in
the ordinary course of business of Holdings, the Borrower or such Subsidiary,
as the case may be, and (c) upon fair and reasonable terms no less favorable to
Holdings, the Borrower or such Subsidiary, as the case may be, than it would
obtain in a comparable arm’s length transaction with a Person that is not an
Affiliate.  Notwithstanding the
foregoing, the Borrower and its Subsidiaries may accrue fees and expenses owed
to the Sponsor and its Control Investment Affiliates fees and expenses approved
by the board of directors of the Borrower in an aggregate amount not to exceed
$1,500,000 in any Fiscal Year of the Borrower.

6.10         Sales and Leasebacks.  Each of the Borrower and Holdings will not,
and will not permit any of its Subsidiaries to, directly or indirectly, enter
into any arrangement with any Person providing for the leasing by Holdings, the
Borrower or any Subsidiary of real or personal property that has been or is to
be sold or transferred by Holdings, the Borrower or such Subsidiary to such
Person or to any other Person to whom funds have been or are to be advanced by
such Person on the security of such property or rental obligations of Holdings,
the Borrower or such Subsidiary unless (a) the sale or transfer is otherwise
permitted under Section 6.5, (b) the lease involved is permitted under Section
6.2, (c) any related Lien is permitted under Section 6.3, and (d) any
Investment related thereto is permitted under Section 6.8.

6.11         Changes in Fiscal Periods.  Each of the Borrower and Holdings will not,
and will not permit any of its Subsidiaries to, directly or indirectly, (a)
permit the Fiscal Year of the Borrower to end on a day other than December 31
or (b) change in any material respect its accounting treatment and reporting
practices or tax reporting treatment, except as required or permitted by GAAP
or any Requirement of Law and disclosed to the Administrative Agent.

6.12         Negative Pledge Clauses.  Each of the Borrower and Holdings will not,
and will not permit any of its Subsidiaries to, directly or indirectly, enter
into or suffer to exist or become effective any agreement that prohibits or
limits the ability of Holdings, the Borrower or any of their respective
Subsidiaries to create, incur, assume or suffer to exist any Lien upon any of
its property or revenues, whether now owned or hereafter acquired, to secure
its obligations under the Loan Documents to which it is a party, including any
agreement which requires other Indebtedness or Contractual Obligation to be
equally and ratably secured with any Lien securing the Obligations, other than
(a) this Agreement and the other Loan Documents, Liens pursuant to Section
6.3(m), and the Junior Lien Documents (provided, however,
that any such restriction or limitation in any such Liens pursuant to Section
6.3(m) or Junior Lien Document is not more onerous or restrictive than those
contained in the Loan Documents) and (b) any agreements governing any purchase
money Liens or Capital Lease Obligations otherwise permitted hereby (in which
case, any prohibition or limitation shall only be effective against the assets
financed thereby).

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6.13         Clauses Restricting Subsidiary
Distributions.  Each of the Borrower
and Holdings will not, and will not permit any of its Subsidiaries to, directly
or indirectly, enter into or suffer to exist or become effective any consensual
encumbrance or restriction on the ability of any Subsidiary of the Borrower to
(a) make Restricted Payments in respect of any Stock of such Subsidiary held
by, or pay any Indebtedness owed to, the Borrower or any other Subsidiary of
the Borrower, (b) make loans or advances to, or other Investments in, the
Borrower or any other Subsidiary of the Borrower or (c) transfer any of its
assets to the Borrower or any other Subsidiary of the Borrower, except for such
encumbrances or restrictions existing under or by reason of (i) any
restrictions existing under the Loan Documents and the Junior Lien Documents (provided, however, that
any such restriction or limitation in any such other Junior Lien Document is
not more onerous or restrictive than those contained in the Loan Documents) and
(ii) any customary restrictions with respect to a Subsidiary imposed pursuant
to an agreement that has been entered into in connection with a Disposition of
all or substantially all of the Capital Stock or assets of such Subsidiary
pending the closing of such Disposition, so long as such restrictions apply
only to the Subsidiary that is to be sold (or whose assets are to be sold) and
such Disposition is otherwise permitted hereunder.

6.14         Lines of Business; Activities of
Subsidiaries Owning Capital Stock of Excluded Foreign Subsidiaries and
Activities of Merisant Spain and Merisant Netherlands.

(a)           Each of
the Borrower and Holdings will not, and will not permit any of its Subsidiaries
to, directly or indirectly, enter into any business, either directly or through
any Subsidiary, except for those businesses in which the Borrower and its
Subsidiaries are engaged on the date of this Agreement or that are reasonably
related thereto, including licensing of intellectual property.

(b)           Neither
MFH (nor any other Subsidiary of Holdings that directly owns Stock of an
Excluded Foreign Subsidiary), shall, and Holdings and Borrower will not permit
any such Subsidiary to, (i) engage in any business or operations, other than
the ownership of shares of Capital Stock of Merisant Spain, Merisant
Netherlands, and SwissCo 2 and qualifying shares of any other Excluded Foreign
Subsidiaries, (ii) own, lease, manage or otherwise operate any properties or
assets other than incidental to such ownership, or (iii) incur, assume or
suffer to exist any Indebtedness or other liabilities or financial obligations,
except (x) nonconsensual obligations imposed by operation of law, (y) pursuant
to the Loan Documents to which it is a party and (z)  other Indebtedness permitted to be incurred
by it under Section 6.2.

(c)           Merisant
Spain will not, and Holdings and Borrower will not permit Merisant Spain to,
(i) engage in any business or operations other than those incidental to its
ownership of the Capital Stock of the Merisant Netherlands, (ii) own, lease,
manage or otherwise operate any properties or assets other than incidental to
such ownership, or (iii) incur, assume or suffer to exist any Indebtedness or
other liabilities or financial obligations, except (x) nonconsensual
obligations imposed by operation of law, and (y)  other Indebtedness permitted to be incurred
by it under Section 6.2.

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6.15         Modification of Subordinated
Agreements.

(a)           Each of
the Borrower and Holdings will not, and will not permit any of its Subsidiaries
to, directly or indirectly, change or amend the terms of the Senior
Subordinated Notes (or the Senior Subordinated Notes Indenture or any other
agreement in connection therewith) or the Senior Subordinated Discount Notes
(or the Senior Subordinated Discount Notes Indenture or any other agreement in
connection therewith) or any documents or agreements governing Permitted
Additional Secured Indebtedness, Permitted Unsecured PIK Notes, Permitted
Junior Lien PIK Notes or Permitted PIK Notes if the effect of such amendment is
to: (i) increase the interest rate on such debt (other than to provide for the
payment in kind in lieu of cash of any portion of the interest or fees of such
Indebtedness); (ii) change the dates upon which payments of principal or
interest are due on such debt other than to extend such dates; (iii) change any
default or event of default other than to delete or make less restrictive any
default provision therein or extend the grace period related thereto; (iv)
change the redemption or prepayment provisions of such debt other than to
extend the dates therefor or to reduce the premiums payable in connection
therewith; (v) change the subordination provisions thereof; or (vi) change or
amend any other term if such change or amendment, together with all other
changes and amendments made, would materially increase the obligations of the
obligor or confer additional material rights to the holder of such debt which
would be adverse to Holdings, the Borrower, any of its Subsidiaries, the
Administrative Agent or any Lender.

(b)           The
Borrower shall not designate, or permit the designation of, any Indebtedness
(other than under the Loan Documents or the Permitted Additional Secured
Indebtedness or any permitted refinancing, refunding, renewal, or extension
thereof) as “Designated Senior Indebtedness” for the purpose of the definition
of the same or the subordination provisions contained in the Senior
Subordinated Note Indenture, the Senior Subordinated Discount Note Indenture or
any permitted refinancing or successive refinancing of either without the
consent of the Administrative Agent.

6.16         Post Closing Deliveries. Each of
Holdings and the Borrower will not, and will not permit any of its Subsidiaries
to, directly or indirectly, fail to (a) deliver to the Administrative Agent or
the Collateral Agent, as applicable each item set forth in Schedule 6.16, in
form and substance reasonably satisfactory to the Administrative Agent and the
Collateral Agent (together with each certificate or other document ancillary
thereto and reasonably requested by the Administrative Agent or the Collateral
Agent, as applicable) and (b) perform each action set forth in Schedule 6.16 in
a manner reasonably satisfactory to the Administrative Agent and the Collateral
Agent (together with each ancillary action reasonably requested by the
Administrative Agent or the Collateral Agent, as applicable to be performed by
any Loan Party in connection therewith), in each case within the periods set
forth opposite each such item or action on such Schedule (or such other
reasonable period agreed by the Administrative Agent or Collateral Agent, as
applicable, in respect of any such item or action).

6.17         Restriction Regarding New Ventures.  Each of Holdings and the Borrower will not,
and will not permit any of their respective Subsidiaries to, directly or
indirectly, make or incur any expenditures, including without limitation
overhead, in connection with, or permit 

 123
 

any of their employees or management to devote any of
their time to, the development, marketing, manufacturing, or distribution of
any products (including, without limitation, sweetener products), or any other
related or similar function, unless all proprietary rights to such products are
wholly owned by the Borrower, Sweet Simplicity JV or a Wholly Owned Subsidiary
of Borrower; provided that this Section 6.17
shall not apply to (a) transactions with entities that are not Affiliates of
the Borrower and that are consistent with practices in the ordinary course of
the Borrower’s the business or otherwise consistent with the Borrower’s
existing manufacturing production methods, lines of business, and products or
(b) Investments in Joint Ventures to the extent permitted pursuant to Section
6.8(h).  Notwithstanding the foregoing,
this Section shall not be deemed to limit ownership of proprietary rights by
Merisant Sweetener (Philippines), Inc. (“Merisant  Philippines”) and wholly owned Subsidiaries of Merisant
Philippines pertaining to conduct of business in the Philippines.

6.18         Permitted Additional Secured
Indebtedness; Intercreditor Agreement.

(a)           Junior
Lien Credit Documents.  Subject to
the terms of an intercreditor agreement, each of the Borrower and Holdings
agree, on behalf of itself and on behalf of each of the other Loan Parties that
no Junior Lien Document will (i) in the case of Permitted PIK Notes, provide
for loans in an aggregate principal amount greater than $85,000,000 (ii)
contravene the provisions of such intercreditor agreement, (iii) provide for
covenants, representations and warranties, events of default, rights or
remedies which are in the aggregate on terms less favorable to the Lenders, or
(iv) provide for collateral securing Indebtedness thereunder which is more
extensive than the Collateral, or provide for guaranties from Subsidiaries or
other Persons that are not required to deliver Guaranties under this Agreement,
unless in each case such collateral or guaranty is also provided to the
Administrative Agent or the Collateral Agent for the benefit of the Lenders.

(b)           Rights in Respect of Collateral.  Each of the Borrower and Holdings agree, on
behalf of itself and on behalf of each of the other Loan Parties, that (i) in
the event that Borrower, Holdings or any other Loan Party enters into or is a
party to any agreement relating to Collateral that gives holders of Permitted
Additional Secured Indebtedness (or any agent acting on their behalf) any
rights, benefits or interests that are not given to the Administrative Agent or
the Collateral Agent acting for the benefit of the Lenders, then the Borrower,
Holdings or such other Loan Party, as applicable, shall notify the
Administrative Agent and the Collateral Agent thereof and shall enter into such
additional agreements as may be requested by the Administrative Agent and the
Collateral Agent in order to give to the Administrative Agent and the
Collateral Agent rights, benefits and interests that are not less than those
given to the holders of Permitted Additional Secured Indebtedness (or any agent
acting on their behalf), and (ii) in the event that any of the Permitted
Additional Secured Documents give to holders of Permitted Additional Secured
Indebtedness (or any agent acting on their behalf) any rights, benefits or
interests relating to Collateral that the Administrative Agent does not have
pursuant to the Collateral Documents, then the applicable Collateral Documents
shall be automatically amended so as to give to the Administrative Agent such
rights, and the Administrative Agent shall have such rights to the same extent
as such holders of Permitted Additional Secured Indebtedness (or agent acting
on their behalf).

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(c)           Amendments
to Junior Lien Documents.  The
Borrower and Holdings will not, and will not permit any of their respective
Subsidiaries to enter into any amendment to any Junior Lien Document or enter
into any new Junior Lien Document other than in accordance with the applicable
intercreditor agreement.  The Borrower
shall provide a copy of any such amendment or new Junior Lien Document
substantially concurrently with the closing thereof.

ARTICLE
7

EVENTS OF DEFAULT

7.1           Events of Default.  Each of the following events shall be an
Event of Default:

(a)           the
Borrower or any successor shall fail to pay any principal of any Loan or
Reimbursement Obligation when due in accordance with the terms hereof; or the
Borrower (or any successor) shall fail to pay any interest on any Loan or
Reimbursement Obligation, or any other amount payable hereunder or under any
other Loan Document, within five days after any such interest or other amount
becomes due in accordance with the terms hereof or thereof (after giving effect
to any grace period specified herein or therein with respect thereto); or

(b)           any
representation or warranty made or deemed made by any Loan Party herein or in
any other Loan Document or that is contained in any certificate, document or
financial or other statement furnished by it at any time under or in connection
with this Agreement or any such other Loan Document shall prove to have been
inaccurate in any material respect on or as of the date made or deemed made; or

(c)           (i) any
Loan Party shall default in the observance or performance of any agreement
contained in clause (i) or (ii) of Section 5.4(a) (with respect to Holdings or
the Borrower only), Section 5.7(a) or Article 6 of this Agreement (other than
Sections 6.12 and 6.13 to the extent such default is a result of the activities
of such Loan Party’s Joint Venture) or Section 4.3 or Section 4.4(c) of the
Security Agreement or (ii) an “Event of Default”
under and as defined in any Mortgage shall have occurred and be continuing; or

(d)           any Loan
Party shall default in the observance or performance of any other agreement
contained in this Agreement or any other Loan Document (other than as provided
in paragraphs (a) through (c) of this Section), and such default shall continue
unremedied for a period of 30 days after notice to the Borrower (or any
successor) from the Administrative Agent or any Lender; or

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(e)           Holdings,
the Borrower or any of its Subsidiaries shall (i) default in making any payment
of any principal of any Indebtedness (including any Guaranty Obligation, but
excluding the Loans) on the due date with respect thereto (after giving effect
to any grace period with respect thereto); or (ii) default in making any
payment of any interest on any such Indebtedness beyond the period of grace, if
any, provided in the instrument or agreement under which such Indebtedness was
created; or (iii) default in the observance or performance of any other
agreement or condition relating to any such Indebtedness or contained in any
instrument or agreement evidencing, securing or relating thereto, or any other
event or condition shall occur or condition exist, if (in the case of this
clause (iii)) the effect of such default or other event or condition is to
cause, or to permit the holder or beneficiary of such Indebtedness (or a
trustee or agent on behalf of such holder or beneficiary) to cause, such
Indebtedness to become due prior to its stated maturity or (in the case of any
such Indebtedness constituting a Guaranty Obligation) to become payable; provided that a default, event or condition described in
clause (i), (ii) or (iii) of this paragraph (e) shall not at any time
constitute an Event of Default unless, at such time, one or more defaults,
events or conditions of the type described in clauses (i), (ii) and (iii) of
this paragraph (e) shall have occurred and be continuing with respect to
Indebtedness the outstanding principal amount of which exceeds in the aggregate
$5,000,000; or

(f)            (i)
Holdings, the Borrower or any of its Significant Subsidiaries shall commence any
case, proceeding or other action (A) under any existing or future law of any
jurisdiction, domestic or foreign, relating to bankruptcy, insolvency,
reorganization or relief of debtors, seeking to have an order for relief
entered with respect to it, or seeking to adjudicate it bankrupt or insolvent,
or seeking reorganization, arrangement, adjustment, winding up, liquidation,
dissolution, composition or other relief with respect to it or its debts, or
(B) seeking appointment of a receiver, trustee, custodian, conservator or other
similar official for it or for all or any substantial part of its assets, or
Holdings, the Borrower or any of its Significant Subsidiaries shall make a
general assignment for the benefit of its creditors; or (ii) there shall be commenced
against Holdings, the Borrower or any of its Significant Subsidiaries any case,
proceeding or other action of a nature referred to in clause (i) above that (A)
results in the entry of an order for relief or any such adjudication or
appointment or (B) remains undismissed, undischarged or unbonded for a period
of 60 days; or (iii) there shall be commenced against Holdings, the Borrower or
any of its Significant Subsidiaries any case, proceeding or other action
seeking issuance of a warrant of attachment, execution, distraint or similar
process against all or any substantial part of its assets that results in the
entry of an order for any such relief that shall not have been vacated,
discharged, or stayed or bonded pending appeal within 60 days from the entry
thereof; or (iv) Holdings, the Borrower or any of its Significant Subsidiaries
shall take any action in furtherance of, or indicating its consent to, approval
of, or acquiescence in, any of the acts set forth in clause (i), (ii), or (iii)
above; or (v) Holdings, the Borrower or any of its Significant Subsidiaries
shall generally not, or shall be unable to, or shall admit in writing its
inability to, pay its debts as they become due; or

(g)           (i) any
Person shall engage in any “prohibited transaction” (as defined in Section 406
of ERISA or Section 4975 of the Code) involving any Plan, (ii) any “accumulated
funding deficiency” (as defined in Section 302 of ERISA), whether or not
waived, shall exist with respect to any Plan or any Lien in favor of the PBGC or
a Plan shall arise on the 

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assets
of the Borrower (or any successor) or any ERISA Affiliate, (iii) a Reportable
Event shall occur with respect to, or proceedings shall commence to have a
trustee appointed, or a trustee shall be appointed, to administer or to
terminate, any Single Employer Plan, which Reportable Event or commencement of
proceedings or appointment of a trustee is, in the reasonable opinion of the
Requisite Lenders, likely to result in the termination of such Plan for
purposes of Title IV of ERISA, (iv) any Single Employer Plan shall terminate
for purposes of Title IV of ERISA, (v) the Borrower (or any successor) or any
ERISA Affiliate shall, or in the reasonable opinion of the Requisite Lenders is
likely to, incur any liability in connection with a withdrawal from, or the
Insolvency or Reorganization of, a Multiemployer Plan or (vi) any other event
or condition shall occur or exist with respect to a Plan, which event or
condition specified in any of clauses (i) through (v) above, together with all
other such events or conditions, if any, could, in the reasonable judgment of
the Requisite Lenders, reasonably be expected to have a Material Adverse
Effect; or

(h)           one or
more judgments or decrees shall be entered against Holdings, the Borrower or
any of its Subsidiaries involving in the aggregate a liability (not paid or
fully covered by insurance as to which the relevant insurance company has
acknowledged coverage) of $5,000,000 or more, and all such judgments or decrees
shall not have been vacated, discharged, stayed or bonded pending appeal within
30 days after the entry thereof; or

(i)            any of
the Collateral Documents shall cease, for any reason, to be in full force and
effect, or any Loan Party, any Affiliate of any Loan Party, any other party thereto
or any holders of Permitted Additional Secured Indebtedness (or any agent for
such holders) shall so assert or shall contest the validity, perfection or
priority of any Lien in any Collateral purported to be covered thereby, or any
Lien created by any of the Collateral Documents shall cease to be enforceable
and of the same effect and priority purported to be created thereby, or any
holders of Permitted Additional Secured Indebtedness (or any agent for such
holders) fail to comply with the terms of the applicable intercreditor
agreement, in any material respect; or

(j)            the
guaranty of any Guarantor contained in the Guaranty shall cease, for any
reason, to be in full force and effect or any Loan Party or any Affiliate of
any Loan Party shall so assert; or

(k)           either (i)
so long as the LLC exists, (x) the Sponsor shall cease to have the power to
vote or direct the appointment of a majority of the board of managers or other
governing body of the LLC (determined on a fully diluted basis), (y) the LLC
shall cease to have the power to vote or direct the voting of securities having
a majority of the ordinary voting power for the election of directors of
Holdings (or any successor) (determined on a fully diluted basis), or (z) the
LLC shall cease to own and control, of record and beneficially, at least
66-2/3% (exclusive of the effect of any ownership or control by the Permitted
Noteholder Investors) of each class of outstanding Capital Stock of Holdings
(or any successor) free and clear of all Liens (except Liens created by the
Security Agreement) or (ii) in any case where the LLC no longer exists, the
Permitted Investors shall cease to have the power to vote or direct the voting
of 

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securities
having a majority of the ordinary voting power for the election of directors of
Holdings (or any successor) (determined on a fully diluted basis); or

(l)            (i) the
Permitted Investors shall cease to own of record and beneficially, directly or
indirectly, an amount of common stock of Holdings (or any successor) equal to
at least 66-2/3% (exclusive of the effect of any ownership by the Permitted
Noteholder Investors) of the amount of common stock of Holdings (or any
successor) owned, directly or indirectly, by the Permitted Investors as of the
Formation Date; (ii) any “person” or “group” (as such terms are used in
Sections 13(d) and 14(d) of the Exchange Act), excluding the LLC, Permitted
Noteholder Investors and Permitted Investors, shall become, or obtain rights
(whether by means or warrants, options or otherwise) to become, the “beneficial
owner” (as defined in Rules 13(d)-3 and 13(d)-5 under the Exchange Act),
directly or indirectly, of more than 33-1/3% of the outstanding common stock of
Holdings (or any successor); (iii) the board of directors of Holdings (or any
successor) shall cease to consist of a majority of Continuing Directors; (iv)
prior to the Permitted Merger, Merisant Worldwide shall cease to own and
control, of record and beneficially, directly, 100% of each class of
outstanding Capital Stock of Merisant Company free and clear of all Liens
(except Liens created by the Security Agreement); or (v) any “Change of Control”
as defined in the Senior Subordinated Notes Indenture or Senior Subordinated
Discount Notes Indenture, so long as such applicable indenture shall be in full
force and effect, shall have occurred or exist, other than any such “Change of
Control” as has been waived or amended or with respect to which the holders of
Indebtedness under such applicable indenture have agreed not to enforce their
remedies relating to the occurrence or existence of such “Change of Control”,
all in accordance with the terms and conditions of such applicable indenture;
or

(m)          prior to
the Permitted Merger and except to the extent otherwise expressly permitted in
this Agreement, Merisant Worldwide shall (i) conduct, transact or otherwise
engage in, or commit to conduct, transact or otherwise engage in, any business
or operations other than those incidental to its ownership of the Capital Stock
of Merisant Company, (ii) incur, create, assume or suffer to exist any
Indebtedness or other liabilities or financial obligations, except (x)
nonconsensual obligations imposed by operation of law, (y) pursuant to the Loan
Documents to which it is a party and (z) 
obligations with respect to its Capital Stock, the Permitted PIK Notes
of the Senior Subordinated Discount Notes, or (iii) own, lease, manage or
otherwise operate any properties or assets (including cash (other than cash
received in connection with dividends made by Merisant Company in accordance
with Section 6.6 pending application in the manner contemplated by said
Section) and cash equivalents) other than ownership of shares of Stock of
Merisant Company; or

(n)           an event
of default shall occur under any Junior Lien Document.

7.2           Remedies.  During the continuance of any Event of
Default, the Administrative Agent (i) may, and shall at the request of the
Requisite Lenders, by notice to the Borrower (or any successor) declare that
all or any portion of the Commitments be terminated, whereupon the obligation
of each Lender to make any Loan and each Issuer to issue any Letter of Credit
shall immediately terminate, or (ii) may and shall at the request of the
Requisite 

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Lenders, by notice to the Borrower (or any successor),
declare the Loans, all interest thereon and all other amounts and Obligations
payable under this Agreement or the other Loan Documents (other than any
Obligations with respect to Hedging Contracts) to be forthwith due and payable,
whereupon the Loans, all such interest and all such amounts and Obligations
shall become and be forthwith due and payable, without presentment, demand,
protest or further notice of any kind, all of which are hereby expressly waived
by the Borrower (or any successor); provided, however, that upon the occurrence of the Event of Default
specified in Section 7.1(f) in connection with any Loan Party, (A) the
Commitments of each Lender to make Loans and of each Lender and Issuer to issue
or participate in Letters of Credit shall automatically be terminated and (B)
the Loans, all such interest and all such amounts and Obligations (other than
any Obligations with respect to Hedging Contracts) shall automatically become
and be due and payable, without presentment, demand, protest or any notice of
any kind, all of which are hereby expressly waived by the Borrower (or any
successor).  In addition to the remedies
set forth above, the Administrative Agent or the Collateral Agent, as
applicable may exercise any remedies provided for by the Collateral Documents in
accordance with the terms thereof or any other remedies provided by applicable
law.

7.3           Actions in Respect of Letters of
Credit.  Upon the Revolving Credit
Termination Date or as required by Section 2.9, the Borrower (or any successor)
shall pay to the Administrative Agent in immediately available funds at the
Administrative Agent’s office referred to in Section 9.8, for deposit in a Cash
Collateral Account an amount, which when combined with any amounts therein
previously deposited in accordance with clause (x)(B)(ii) or clause (y)(B)(ii)
of Section 2.4(b), equals the sum of all outstanding Letter of Credit
Obligations. The Administrative Agent may, from time to time after funds are so
deposited in such Cash Collateral Account, apply such funds then held in such
Cash Collateral Account to the payment of any amounts, in accordance with
Section 2.13(f), as shall have become or shall become due and payable by the
Borrower (or any successor) to the Issuers or Revolving Credit Lenders in
respect of the Letter of Credit Obligations. The Administrative Agent shall
promptly give the Borrower (or any successor) written notice of any such
application; provided, however,
that the failure to give such written notice shall not invalidate any such
application; provided  further
that all amounts on deposit in the Cash Collateral Account (other than those
deposited in accordance with clause (x)(B)(ii) or clause (y)(B)(ii) of Section
2.4(b) or Section 2.9(f)) at any time shall promptly be paid to the Borrower
(or any successor) if no Event of Default shall be continuing at such time.

ARTICLE
8

THE ADMINISTRATIVE AGENT; THE COLLATERAL AGENT; 

AND THE AGENTS

8.1           Authorization And Action.

(a)           Each
Lender and each Issuer hereby appoints Credit Suisse as the Administrative
Agent hereunder and Credit Suisse hereby accepts such appointment.  Each 

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Lender
and each Issuer hereby appoints Credit Suisse, as the Collateral Agent
hereunder and Credit Suisse, hereby accepts such appointment.  Each Lender and each Issuer authorizes the
Administrative Agent and Collateral Agent to take such action as agent on its
behalf and to exercise such powers under this Agreement and the other Loan
Documents, as applicable, as are delegated to the Administrative Agent and
Collateral Agent under such agreements and to exercise such powers as are
reasonably incidental thereto. Without limitation of the foregoing, each Lender
and each Issuer hereby authorizes the Administrative Agent and Collateral Agent
to execute and deliver, and to perform its obligations under, each of the Loan
Documents to which the Administrative Agent or Collateral Agent is a party and
to exercise all rights, powers and remedies that the Administrative Agent or
Collateral Agent may have under such Loan Documents and that under the Collateral
Documents the Collateral Agent is acting as agent for the Lenders, Issuers and
the other Secured Parties.

(b)           As to any
matters not expressly provided for by this Agreement and the other Loan
Documents (including enforcement or collection), the Administrative Agent and
Collateral Agent shall not be required to exercise any discretion or take any
action, but shall be required to act or to refrain from acting (and shall be
fully protected in so acting or refraining from acting) upon the instructions of
the Requisite Lenders, and such instructions shall be binding upon all Lenders
and Issuers; provided, however, that the
Administrative Agent or Collateral Agent shall not be required to take any
action which (i) the Administrative Agent or Collateral Agent in good
faith believes exposes it to personal liability unless the Administrative Agent
or Collateral Agent, as applicable, receives an indemnification satisfactory to
it from the Lenders with respect to such action or (ii) is contrary to this
Agreement or applicable law. The Administrative Agent and Collateral Agent
agree to give to each Lender prompt notice of each notice given to it by any
Loan Party pursuant to the terms of this Agreement or the other Loan Documents.

(c)           In
performing their functions and duties hereunder and under the other Loan
Documents, the Administrative Agent and Collateral Agent are acting solely on
behalf of the Lenders and Issuers and their duties are entirely administrative
in nature. Each of the Administrative Agent and Collateral Agent does not
assume and shall not be deemed to have assumed any obligation other than as
expressly set forth herein and in the other Loan Documents or any other
relationship as the agent, fiduciary or trustee of or for any Lender, Issuer or
holder of any other Obligation. Each of the Administrative Agent and Collateral
Agent may perform any of its duties under any of the Loan Documents by or
through its agents or employees.

(d)           Notwithstanding
anything to the contrary contained in this Agreement, the Arrangers and the
documentation agent is a Lender designated as an Arranger, or documentation
agent, as applicable, for title purposes only and in such capacity shall have
no obligations or duties whatsoever under this Agreement or any other Loan
Document to any Loan Party or any Lender or Issuer and shall have no rights
separate from its rights as a Lender except as expressly provided in this
Agreement.

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8.2           Administrative Agent’s and
Collateral Agent’s Reliance, Etc. 
Neither the Administrative Agent, the Collateral Agent nor any of their
Affiliates or any of the respective directors, officers, agents or employees of
the Administrative Agent, the Collateral Agent or any such Affiliate shall be
liable for any action taken or omitted to be taken by it, him, her or them
under or in connection with this Agreement or the other Loan Documents, except
for its, his, her or their own gross negligence or willful misconduct. Without
limiting the foregoing, the Administrative Agent and the Collateral Agent (a)
may treat the payee of any Note as its holder until such Note has been assigned
in accordance with Section 9.2; (b) may rely on the Register to the extent set
forth in Section 9.2(d); (c) may consult with legal counsel (including counsel
to the Borrower or any other Loan Party), independent public accountants and
other experts selected by it and shall not be liable for any action taken or
omitted to be taken in good faith by it in accordance with the advice of such
counsel, accountants or experts; (d) makes no warranty or representation to any
Lender or Issuer and shall not be responsible to any Lender or Issuer for any
statements, warranties or representations made by or on behalf of the Borrower
or any of its Subsidiaries in or in connection with this Agreement or any of
the other Loan Documents; (e) shall not have any duty to ascertain or to
inquire either as to the performance or observance of any of the terms,
covenants or conditions of this Agreement or any of the other Loan Documents or
the financial condition of any Loan Party, or the existence or possible
existence of any Default or Event of Default; (f) shall not be responsible to
any Lender or Issuer for the due execution, legality, validity, enforceability,
genuineness, sufficiency or value of, or the attachment, perfection or priority
of any Lien created or purported to be created under or in connection with,
this Agreement or any of the other Loan Documents or any other instrument or
document furnished pursuant hereto or thereto; and (g) shall incur no liability
under or in respect of this Agreement or any of the other Loan Documents by
acting upon any notice, consent, certificate or other instrument or writing
(which may be by telecopy or electronic mail) or any telephone message believed
by it to be genuine and signed or sent by the proper party or parties.

8.3           The Administrative Agent
Individually. With respect to its Ratable Portion, Credit Suisse shall have
and may exercise the same rights and powers hereunder and is subject to the
same obligations and liabilities as and to the extent set forth herein for any
other Lender. The terms “Lenders” or “Requisite Lenders” or any similar terms
shall, unless the context clearly otherwise indicates, include the
Administrative Agent in its individual capacity as a Lender or as one of the
Requisite Lenders. Credit Suisse and its Affiliates may accept deposits from,
lend money to, and generally engage in any kind of banking, trust or other
business with any Loan Party as if it were not acting as the Administrative Agent.

8.4           Lender Credit Decision. Each
Lender and each Issuer acknowledges that it shall, independently and without
reliance upon the Administrative Agent or any other Lender conduct its own
independent investigation of the financial condition and affairs of the
Borrower and each other Loan Party in connection with the making and
continuance of the Loans and with the issuance of the Letters of Credit.  Each Lender and each Issuer also acknowledges
that it will, independently and without reliance upon the Administrative Agent
or any other Lender and based on such documents and information as it shall
deem appropriate at the time, continue to make its own credit decisions in
taking or not taking action under this Agreement and other Loan Documents.

 131

8.5                                 Indemnification.
Each Lender and Issuer agrees to indemnify the Administrative Agent, the
Collateral Agent and each of their Affiliates, and each of their respective
directors, officers, employees, agents and advisors (to the extent not
reimbursed by the Borrower), from and against such Lender’s or Issuer’s
aggregate Ratable Portion of any and all liabilities, obligations, losses,
damages, penalties, actions, judgments, suits, costs, expenses and
disbursements (including reasonable fees and disbursements of legal counsel) of
any kind or nature whatsoever which may be imposed on, incurred by, or asserted
against, the Administrative Agent, the Collateral Agent or any of their
Affiliates, directors, officers, employees, agents and advisors in any way
relating to or arising out of this Agreement or the other Loan Documents or any
action taken or omitted by the Administrative Agent or the Collateral Agent
under this Agreement or the other Loan Documents; provided,
however, that no Lender or Issuer shall
be liable for any portion of such liabilities, obligations, losses, damages,
penalties, actions, judgments, suits, costs, expenses or disbursements
resulting from the Administrative Agent’s, the Collateral Agent’s or such
Affiliate’s gross negligence or willful misconduct. Without limiting the
foregoing, each Lender and Issuer agrees to reimburse the Administrative Agent
or the Collateral Agent promptly upon demand for its Ratable Portion of any
out-of-pocket expenses (including reasonable fees and disbursements of legal
counsel) incurred by the Administrative Agent or Collateral 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 its rights or responsibilities
under, this Agreement or the other Loan Documents, to the extent that the
Administrative Agent or Collateral Agent is not reimbursed for such expenses by
the Borrower or any other Loan Party.

8.6                                 Successor
Administrative Agent or Collateral Agent. 
The Administrative Agent or Collateral Agent may resign at any time by
giving written notice thereof to the Lenders and the Borrower. Upon any such
resignation, the Requisite Lenders shall have the right to appoint a successor
Administrative Agent or Collateral Agent, as applicable. If no such successor
Administrative Agent or Collateral Agent shall have been so appointed by the
Requisite Lenders, and shall have accepted such appointment, within 30 days after
the retiring Administrative Agent’s or Collateral Agent’s giving of notice of
resignation, then the retiring Administrative Agent or Collateral Agent may, on
behalf of the Lenders, appoint a successor Administrative Agent or Collateral
Agent, as applicable, selected from among the Lenders.  The Administrative Agent or Collateral Agent
may be replaced at any time by the Requisite Lenders by giving written notice
thereof to the Administrative Agent, the Collateral Agent and the Borrower.
Upon any such replacement, the Requisite Lenders shall have the right to
appoint a successor Administrative Agent or Collateral Agent, as applicable. If
no such successor Administrative Agent or Collateral Agent shall have been so
appointed by the Requisite Lenders, and shall have accepted such appointment,
within 30 days after the giving of notice of such replacement, then the
replaced Administrative Agent or Collateral Agent may, on behalf of the
Lenders, appoint a successor Administrative Agent or Collateral Agent, as applicable,
selected from among the Lenders.  In each
case above, such appointment shall be subject to the prior written approval of
the Borrower (which approval may not be unreasonably withheld and shall not be
required upon the occurrence and during the continuance of an Event of
Default). Upon the acceptance of any appointment as Administrative Agent or
Collateral Agent by a successor Administrative Agent or Collateral Agent, as
applicable, such successor Administrative Agent or Collateral Agent shall succeed
to and become vested with all the rights, powers, privileges and duties of the
retiring

 132
 

Administrative Agent or Collateral Agent, as
applicable and such retiring or replaced Administrative Agent or Collateral
Agent shall be discharged from its duties and obligations under this Agreement
and the other Loan Documents. Prior to any retiring Administrative Agent’s or
Collateral Agent’s resignation hereunder as Administrative Agent or Collateral
Agent, respectively, such retiring or replaced Administrative Agent or
Collateral Agent shall take such action as may be reasonably necessary to
assign to the successor Administrative Agent or Collateral Agent, as
applicable, its rights as Administrative Agent or Collateral Agent,
respectively, under the Loan Documents. After such resignation, the retiring or
replaced Administrative Agent or Collateral Agent shall continue to have the
benefit of this Article 8 as to any actions taken or omitted to be taken by it
while it was Administrative Agent or Collateral Agent under this Agreement and
the other Loan Documents.

8.7                                 Concerning
the Collateral and the Collateral Documents.

(a)                                  Each Lender and each Issuer agrees
that any action taken by the Administrative Agent, Collateral Agent or the
Requisite Lenders (or, where required by the express terms of this Agreement, a
greater proportion of the Lenders) in accordance with the provisions of this
Agreement or of the other Loan Documents, and the exercise by the
Administrative Agent, Collateral Agent or the Requisite Lenders (or, where so
required, such greater proportion) of the powers set forth herein or therein,
together with such other powers as are reasonably incidental thereto, shall be
authorized and binding upon all of the Lenders and other Secured Parties. Without
limiting the generality of the foregoing, the Collateral Agent shall have the
sole and exclusive right and authority to (i) act as the disbursing and
collecting agent for the Lenders and the Issuers with respect to all payments
and collections arising in connection herewith and with the Collateral
Documents; (ii) execute and deliver each Collateral Document and accept
delivery of each such agreement delivered by the Borrower or any of its
Subsidiaries; (iii) act as collateral agent for the Lenders, the Issuers and
the other Secured Parties for purposes of the perfection of all security
interests and Liens created by such agreements and all other purposes stated
therein; provided, however, that the Collateral
Agent hereby appoints, authorizes and directs each Lender to act as collateral
sub-agent for the Collateral Agent, the Lenders and the Issuers for purposes of
the perfection of all security interests and Liens with respect to the Borrower’s
and its Subsidiaries’ respective deposit accounts maintained with, and cash and
Cash Equivalents held by, such Lender or such Issuer; (iv) manage, supervise
and otherwise deal with the Collateral; (v) take such action as is
necessary or desirable to maintain the perfection and priority of the security
interests and Liens created or purported to be created by the Collateral
Documents; (vi) take all such action as is necessary to release any Subsidiary
Guarantor or Holdings from its obligations under the Guaranty in connection
with a Disposition (other than to a Loan Party) permitted pursuant to a waiver
or consent of a transaction otherwise prohibited by this Agreement; and (vii)
except as may be otherwise specifically restricted by the terms hereof or of
any other Loan Document, exercise all remedies given to the Administrative
Agent, the Collateral Agent, the Lenders, the Issuers and the other Secured
Parties with respect to the Collateral under the Loan Documents relating
thereto, applicable law or otherwise.

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(b)                                 Each of the Lenders and the Issuers
hereby directs, in accordance with the terms hereof, the Administrative Agent
to release (or, in the case of clause (ii) below, release or subordinate) any
Lien held by the Administrative Agent for the benefit of the Lenders and the
Issuers:

(i)                                     against all of the Collateral, upon termination
of the Commitments and payment and satisfaction in full of all Loans,
Reimbursement Obligations and all other matured Obligations that the
Administrative Agent has been notified in writing are then due and payable
(and, in respect of contingent Letter of Credit Obligations, with respect to
which cash collateral has been deposited or a back-up letter of credit has been
issued, in either case on terms reasonably satisfactory to the Administrative
Agent and the applicable Issuers);

(ii)                                  against any assets that are subject
to a Lien permitted by Section 6.3(f) or Section 6.3(m); and

(iii)                               against any part of the Collateral
Disposed, sold or disposed of by a Loan Party (A) if such Disposition,
sale or disposition is permitted by this Agreement (or permitted pursuant to a
waiver or consent of a transaction otherwise prohibited by this Agreement) or
(B) if not pursuant to such Disposition, sale or disposition, (x) against
Collateral with a book value of up to $1,000,000, if such release is consented
to by the Requisite Lenders or (y) any part of the Collateral in excess of such
amount, if such release is consented to by all the Lenders.

Each of the Lenders and
the Issuers hereby directs the Administrative Agent to execute and deliver or
file such termination and partial release statements and do such other things
as are necessary to release Liens to be released pursuant to this Section 8.7
promptly upon the effectiveness of any such release.

8.8                                 Collateral
Matters Relating to Related Obligations. The benefit of the Loan Documents
and of the provisions of this Agreement relating to the Collateral shall extend
to and be available in respect of any Secured Obligation arising under any
Hedging Contract or which is otherwise owed to Persons other than the Collateral
Agent, the Arrangers, the Lenders and the Issuers (collectively, “Related Obligations”) solely on the condition and
understanding, as among the Collateral Agent and all Secured Parties, that (i)
the Related Obligations shall be entitled to the benefit of the Loan Documents
and the Collateral to the extent expressly set forth in this Agreement and the
other Loan Documents and to such extent the Collateral Agent shall hold, and
have the right and power to act with respect to, the Guaranty and the Collateral
on behalf of and as agent for the holders of the Related Obligations, but the
Collateral Agent is otherwise acting solely as agent for the Lenders and shall
have no fiduciary duty, duty of loyalty, duty of care, duty of disclosure or
other obligation whatsoever to any holder of Related Obligations; (ii) all
matters, acts and omissions relating in any manner to the Guaranty, the
Collateral, or the omission, creation, perfection, priority, abandonment or
release of any Lien,

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shall be governed solely by the provisions of this
Agreement and the other Loan Documents and no separate Lien, right, power or
remedy shall arise or exist in favor of any Secured Party under any separate
instrument or agreement or in respect of any Related Obligation; and (iii) each
Secured Party shall be bound by all actions taken or omitted, in accordance
with the provisions of this Agreement and the other Loan Documents, by the
Collateral Agent and the Requisite Lenders, each of whom shall be entitled to
act in its sole discretion and exclusively in its own interest given its own
Commitments and its own interest in the Loans, Letter of Credit Obligations and
other Obligations to it arising under this Agreement or the other Loan
Documents, without any duty or liability to any other Secured Party or as to
any Related Obligation and without regard to whether any Related Obligation
remains outstanding or is deprived of the benefit of the Collateral or becomes
unsecured or is otherwise affected or put in jeopardy thereby; and (iv) no holder
of Related Obligations and no other Secured Party (except the Collateral Agent,
the Arrangers, the Lenders and the Issuers, to the extent set forth in this
Agreement) shall have any right to be notified of, or to direct, require or be
heard with respect to, any action taken or omitted in respect of the Collateral
or under this Agreement or the Loan Documents; and (v) no holder of any Related
Obligation shall exercise any right of setoff, banker’s lien or similar right
except as expressly provided in Section 9.6.

ARTICLE 9

MISCELLANEOUS

9.1                                 Amendments.
Waivers. Etc.

(a)                                  No amendment or waiver of any
provision of this Agreement or any other Loan Document (other than any Hedging
Contract) nor consent to any departure by any Loan Party therefrom shall in any
event be effective unless the same shall be in writing and signed by the
Requisite Lenders, and then any such waiver or consent shall be effective only
in the specific instance and for the specific purpose for which given; provided, however, that no amendment, waiver or consent
shall, unless in writing and signed by each Lender directly affected thereby,
in addition to the Requisite Lenders, do any of the following:

(i)                                     waive any of the conditions
specified in Section 3.1 or Section 3.2 except with respect to a condition
based upon another provision hereof, the waiver of which requires only the
concurrence of the Requisite Lenders;

(ii)                                  increase the Commitments of such
Lender or subject such Lender to any additional obligations; provided, however, that
any such increase with respect to the Tranche A (Euro) Term Loan, Tranche B
Term Loan or the Revolving Loan Commitments shall require the consent of the
Requisite Tranche A (Euro) Term Loan Lenders, the Requisite Tranche B Term Loan
Lenders or the Requisite Revolving Credit Lenders, as the case may be;

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(iii)                               extend the scheduled final maturity
of any Loan due to such Lender, or waive, reduce or postpone any scheduled date
fixed for the payment of principal on such Loan or reduction of the Commitments
of such Lender (it being understood that Section 2.9 does not provide for
scheduled dates fixed for payment or reduction);

(iv)                              reduce the principal amount of any
Loan or Reimbursement Obligation due to such Lender (other than by the payment
or prepayment thereof);

(v)                                 reduce the rate of interest on any
Loan or Reimbursement Obligations outstanding to such Lender or any fee payable
hereunder to such Lender (other than a waiver of the application of any default
rate of interest or default fees in respect of Letters of Credit);

(vi)                              postpone any scheduled date fixed
for payment of interest or fees due to such Lender or amend the definition of “Interest
Period” so as to permit intervals greater than six months;

(vii)                           change the aggregate Ratable
Portions of the Lenders required for any or all Lenders to take any action
hereunder;

(viii)                        release the Administrative Agent’s
Lien on all or substantially all of the Collateral except as provided in
Section 8.7(b) or release any Subsidiary Guarantor or Holdings from its obligations
under the Guaranty except in connection with any sale or other Disposition
(other than to a Loan Party) permitted pursuant to a waiver or consent of a
transaction otherwise prohibited by this Agreement; or

(ix)                                amend Section 8.7(b) or this Section
9.1 or the definition of the terms “Requisite Lenders”,
“Requisite Revolving Credit Lenders”, “Requisite Tranche A (Euro) Term Loan Lenders”, “Requisite Tranche B Term Loan Lenders” or “Ratable Portion”;

and provided,
further, that (A) any waiver of or modification of the application
of payments of the Term Loans pursuant to Section 2.9 shall require the consent
of the Requisite Tranche A (Euro) Term Loan Lenders and the Requisite Tranche B
Term Loan Lenders and any such waiver of or modification of the application of
payments of the Revolving Loans pursuant to Section 2.9 or the reduction of the
Revolving Credit Commitments pursuant to Section 2.5(b) shall require the
consent of the Requisite Revolving Credit Lenders, (B) any amendment, waiver or
consent of any provision of this Agreement or any other Loan Document shall be
effective only in the specific instance and for the specific purpose for which
given, and (C) no amendment,

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waiver or consent shall,
unless in writing and signed by the Administrative Agent in addition to the
Lenders required above to take such action, affect the rights or duties of the
Administrative Agent under this Agreement or the other Loan Documents.

(b)                                 The Administrative Agent may, but
shall have no obligation to, with the written concurrence of any Lender,
execute amendments, modifications, waivers or consents on behalf of that
Lender; provided, however,
that the written concurrence of any Lender that is a Non-Consenting Lender is
not required for the execution of an Assignment and Acceptance pursuant to
clause (c) of this section.  Any waiver
or consent shall be effective only in the specific instance and for the
specific purpose for which it was given. No notice to or demand on the Borrower
in any case shall entitle the Borrower to any other or further notice or demand
in similar or other circumstances.

(c)                                  If in connection with any proposed
amendment, modification, waiver or termination requiring the consent of all
affected Lenders, the consent of Requisite Lenders is obtained, but the consent
of other Lenders whose consent is required is not obtained (any such Lender
whose consent is not obtained as described in this Section 9.1 being referred
to as a “Non-Consenting Lender”), then, so long
as the Lender that is acting as the Administrative Agent is not a
Non-Consenting Lender, at the Borrower’s request, the Administrative Agent or a
potential assignee that is acceptable to the Administrative Agent shall have
the right with the Administrative Agent’s consent and in the Administrative
Agent’s sole discretion (but the Administrative Agent shall have no obligation)
to purchase from such Non-Consenting Lender, and such Non-Consenting Lender
agrees that it shall, upon the Administrative Agent’s request, sell and assign
to the Lender that is acting as the Administrative Agent or such potential
assignee, all of the Commitments, Term Loans and Revolving Credit Outstandings
of such Non-Consenting Lender for an amount equal to the principal balance of
all Term Loans and Revolving Loans held by the Non-Consenting Lender and all
accrued and unpaid interest and fees with respect thereto through the date of
sale; provided, however, that such purchase
and sale shall not be effective until (x) the Administrative Agent shall have
received from such potential assignee an agreement in form and substance
satisfactory to the Administrative Agent and the Borrower whereby such
potential assignee shall agree to be bound by the terms hereof and (y) such
Non-Consenting Lender shall have received payments of all Loans held by it and
all accrued and unpaid interest and fees with respect thereto through the date
of the sale. Each Lender agrees that, if it becomes a Non-Consenting Lender, it
shall execute and deliver to the Administrative Agent or shall allow the Administrative
Agent to execute on its behalf, an Assignment and Acceptance to evidence such
sale and purchase and shall deliver to the Administrative Agent any Note (if
such non-consenting Lender’s Loans are evidenced by a Note) subject to such
Assignment and Acceptance; provided, however, that the failure of any Non-Consenting Lender to
execute an Assignment and Acceptance or deliver such note shall not render such
sale and purchase (and the corresponding assignment) invalid.

(d)                                 Each Lender and holder of any Note
shall be bound by any amendment, waiver or consent authorized by this Section
9.1 regardless of whether its Notes shall be marked to make reference thereto,
and any consent by any Lender or holder of a Note

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pursuant
to this Section shall bind any person subsequently acquiring a Note from it,
whether or not such Note shall be so marked.

9.2                                 Assignments
and Participations.

(a)                                  Subject to the conditions set forth
in Section 9.2(b), each Lender may sell, transfer, negotiate or assign to one
or more assignees all or a portion of its rights and obligations hereunder
(including all of its rights and obligations with respect to the Term Loans,
the Revolving Loans, the Swing Line Loans and the Letters of Credit), with the
prior written consent (such consent not to be unreasonably withheld or delayed)
of:

(i)                                     the Administrative Agent; and

(ii)                                  in the case of an assignment of all
or a portion of the Revolving Credit Commitment or Revolving Credit
Outstandings of any Lender, each Issuer and the Swing Line Loan Lender; provided, however, no
Lender shall assign to persons designated by the Borrower in writing from time
to time and reasonably acceptable to the Administrative Agent.

(b)                                 Assignments shall be subject to the
following conditions:

(i)                                     except in the case of an assignment
to a Lender or an Affiliate or Approved Fund of a Lender:

(A)                  in the case of any Term Loan, the
aggregate amount being assigned pursuant to such assignment (determined as of
the date of the Assignment and Acceptance with respect to such assignment is
delivered to the Administrative Agent) shall not (if less than the Assignor’s
entire interest in such Term Loan) be less than $1,000,000 (if a Tranche B Term
Loan) or €1,000,000 (if a Tranche A (Euro) Term Loan);

(B)                    in the case of any Revolving Credit
Commitment or Revolving Credit Outstandings, the aggregate amount of the
Revolving Credit Commitment (or, if the Revolving Credit Commitments have been
reduced to zero, the Dollar Equivalent of the Revolving Credit Outstandings)
being assigned to such assignment (determined as of the date the Assignment and
Assumption with respect to such assignment if delivered to the Administrative
Agent) shall not (if less than the Assignor’s entire interest in the Revolving
Credit Facility) be less than $1,000,000;

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(C)                    no Person who is (x) listed on the
Specially Designated Nationals and Blocked Persons List (the “SDN List”) maintained by the U.S. Department of Treasury
Office of Foreign Assets Control (“OFAC”)  and/or on any other similar list  maintained by the OFAC pursuant to any
authorizing statute, Executive Order or regulation; or (y) either (I) included
within the term “designated national” as defined in the Cuban Assets Control
Regulations, 31 C.F.R. Part 515, or (II) designated under Sections 1(a), 1(b),
1(c) or 1(d) of Executive Order No. 13224, 66 Fed. Reg. 49079 (published
September 25, 2001, as amended by Executive Order 13268 of July 2, 2002,  Executive Order 13284 of January 23, 2003,
and Executive Order 13372 of February 16, 2005) or similarly designated under
any related enabling legislation or any other similar executive orders
(collectively, the “Executive Orders”),
shall be an assignee or participant under this Section 9.2;

unless in any, such case,
each of the Borrower and the Administrative Agent otherwise consent, provided that no such consent of the Borrower shall be
required if an Event of Default has occurred and is continuing;

(ii)                                  each partial assignment shall be
made as an assignment of a proportionate part of all the assigning Lender’s
rights and obligations under this Agreement with respect to the Loans or the
Commitments assigned, provided, however, that this clause shall not be construed to prohibit
any Lender from assigning all or a portion of its rights and obligations among
separate Facilities on a non-pro rata basis;

(iii)                               if any such assignment shall be of
the assigning Lender’s Revolving Credit Outstandings and Revolving Credit
Commitment, such assignment shall cover the same percentage of such Lender’s
Revolving Credit Outstandings and Revolving Credit Commitment;

(iv)                              if any such assignment shall be of
the assigning Lender’s Tranche A (Euro) Term Loans and Tranche A (Euro) Term
Loan Commitment, such assignment shall cover the same percentage of such Lender’s
Tranche A (Euro) Term Loans and Tranche A (Euro) Term Loan Commitment;

(v)                                 if any such assignment shall be of
the assigning Lender’s Tranche B Term Loan and Tranche B Term Loan Commitment,
such assignment shall cover the same percentage of such Lender’s Tranche B Term
Loan and Tranche B Term Loan Commitment;

(vi)                              the parties to each such assignment
shall (A) electronically execute and deliver to the Administrative Agent, for
its acceptance and recording, an Assignment and Acceptance via an electronic
settlement system acceptable to the

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Administrative
Agent (which initially shall be ClearPar, LLC) or (B) manually execute and
deliver to the Administrative Agent, for its acceptance and recording, an Assignment
and Acceptance, together with in the case of clause (B), a processing and
recordation fee of US$3,500;

(vii)                           the assignee, if not a Lender, shall
deliver to the Administrative Agent an Administrative Questionnaire and the
applicable tax forms, duly completed by such assignee; and

(viii)                        if the assigning Lender’s Loans are
evidenced by a Note, the Assignor shall deliver to the Administrative Agent any
Note subject to such assignment.

Any such assignment need
not be ratable as among the Tranche A (Euro) Term Loan Facility, the Tranche B
Term Loan Facility or the Revolving Credit Facility.  Any assignment or transfer by a Lender of
rights or obligations under this Agreement that does not comply with Section
9.2(a) and (b) 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 9.2(h).  If the consent of
the Borrower to an assignment is required hereunder (including a consent to an
assignment which does not meet the minimum assignment thresholds specified in
Section 9.2(b)(i)), the Borrower shall be deemed to have given its consent five
Business Days after the date written notice thereof has been delivered by the
assigning Lender (through the Administrative Agent or ClearPar) to the Borrower
unless such consent is expressly refused by the Borrower prior to such fifth
Business Day.

(c)                                  Upon such execution, delivery,
acceptance and recording of an Assignment and Acceptance, from and after the
effective date specified in such Assignment and Acceptance, (i) the assignee
thereunder shall become a party hereto and, to the extent that rights and
obligations under the Loan Documents have been assigned to such assignee
pursuant to such Assignment and Acceptance, have the rights and obligations of
a Lender, and if such Lender were an Issuer, of such Issuer hereunder and
thereunder, and (ii) the assignor thereunder shall, to the extent that rights
and obligations under this Agreement have been assigned by it pursuant to such
Assignment and Acceptance, relinquish its rights (except those which survive
the payment in full of the Obligations) and be released from its obligations
under the Loan Documents, other than those relating to events or circumstances
occurring prior to such assignment (and, in the case of an Assignment and
Acceptance covering all or the remaining portion of an assigning Lender’s
rights and obligations under the Loan Documents, such Lender shall cease to be
a party hereto).

(d)                                 The Administrative Agent shall maintain
at its address referred to in Section 9.8 a copy of each Assignment and
Acceptance delivered to and accepted by it and a register for the recording of
the names and addresses of the Lenders and the Commitments of and principal
amount of the Loans and Letter of Credit Obligations owing to each Lender from
time

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to
time (the “Register”).  Any assignment pursuant to this Section 9.2
shall not be effective until such assignment is recorded in the Register. The
entries in the Register shall be conclusive and binding for all purposes,
absent manifest error, and the Loan Parties, the Administrative Agent and the
Lenders may treat each Person whose name is recorded in the Register as a
Lender for all purposes of this Agreement. The entries in the Register shall be
available for inspection by the Borrower, the Administrative Agent or any
Lender at any reasonable time and from time to time upon reasonable prior
notice.

(e)                                  Upon its receipt of a duly completed
Assignment and Acceptance executed by an assigning Lender and an assignee, an
Administrative Questionnaire completed in respect of the assignee (unless the
assignee shall already be a Lender hereunder), the processing and recordation
fee required by paragraph (b)(vi) above (if any), the applicable tax forms
completed in respect of the assignee (unless the assignee shall already be a
Lender hereunder) and, if required, the written consent of the Borrower, the
Administrative Agent, each Issuer and the Swing Line Loan Lender to such
assignment, the Administrative Agent shall (i) accept such Assignment and
Acceptance, (ii) record the information contained therein in the Register and
(iii) give prompt notice thereof to the Borrower. Within five Business Days
after its receipt of a notice, from the Administrative Agent, the Borrower, at
its own expense, shall, if requested by such assignee, execute and deliver to
the Administrative Agent, new Notes to the order of such assignee in an amount
equal to the Commitments and Loans assumed by it pursuant to such Assignment
and Acceptance and, if the assigning Lender has surrendered any Note for
exchange in connection with the assignment and has retained Commitments or
Loans hereunder, new Notes to the order of the assigning Lender in an amount
equal to the Commitments and Loans retained by it hereunder. Such new Notes
shall be dated the same date as the surrendered Notes and be in substantially
the form of Exhibit B-1, B-2 or B-3 hereto, as applicable.

(f)                                    Notwithstanding anything to the
contrary contained herein, any Lender (a “Granting Lender”)
may grant to a special purpose funding vehicle (a “SPC”),
identified as such in writing from time to time by the Granting Lender to the
Administrative Agent, the option to provide to the Borrower all or any part of
any Loan that such Granting Lender would otherwise be obligated to make to the
Borrower pursuant to this Agreement; provided, however, that (i) nothing herein shall constitute a
commitment by any SPC to make any Loan, and (ii) if an SPC elects not to
exercise such option or otherwise fails to provide all or any part of such
Loan, the Granting Lender shall be obligated to make such Loan pursuant to the
terms hereof.  The making of a Loan by an
SPC hereunder shall utilize the related Commitment of the Granting Lender to
the same extent, and as if, such Loan were made by such Granting Lender.  Each party hereto hereby agrees that no SPC
shall be liable for any indemnity or similar payment obligation under this
Agreement (all liability for which shall remain with the Granting Lender).  In furtherance of the foregoing, each party
hereto hereby agrees (which agreement shall survive the termination of this
Agreement) that, prior to the date that is one year and one day after the
payment in full of all outstanding commercial paper or other senior
indebtedness of any SPC, such party will not institute against, or join any
other person in instituting against, such SPC any bankruptcy, reorganization,
arrangement, insolvency or liquidation proceedings under the laws of the United
States or any state thereof.  In
addition, notwithstanding anything to the contrary contained in this Section
9.2, any SPC may (i) with notice to, but without the prior

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written
consent of, the Administrative Agent and without paying any processing fee
therefor, assign all or a portion of its interests in any Loans to the Granting
Lender or to any financial institutions (consented to by the Administrative
Agent) providing liquidity and/or credit support to or for the account of such
SPC to support the funding or maintenance of Loans and (ii) disclose on a
confidential basis any non-public information relating to its Loans to any
rating agency, commercial paper dealer or provider of any surety, guaranty or
credit or liquidity enhancement to such SPC. 
This Section 9.2(f) may not be amended without the written consent of
each SPC.

(g)                                 In addition to the other assignment
rights provided in this Section 9.2, each Lender may assign, as collateral or
otherwise, a security interest in any of its rights under this Agreement (including
rights to payments of principal or interest on the Loans) to (i) any Federal
Reserve Bank pursuant to Regulation A of the Federal Reserve Board without
notice to or consent of the Borrower or the Administrative Agent and (ii) any
trustee for the benefit of the holders of such Lender’s Securities; provided, however, that no such assignment shall release the
assigning Lender from any of its obligations hereunder or substitute any such
pledgee or assignee for such Lender as a party hereto.

(h)                                 Each Lender may sell participations
to one or more Persons in or to all or a portion of its rights and obligations
under the Loan Documents (including all its rights and obligations with respect
to the Term Loans, Revolving Loans and Letters of Credit). The terms of such
participation shall not, in any event, require the participant’s consent to any
amendments, waivers or other modifications of any provision of any Loan
Documents, the consent to any departure by any Loan Party therefrom, or to the
exercising or refraining from exercising any powers or rights which such Lender
may have under or in respect of the Loan Documents (including the right to
enforce the obligations of the Loan Parties), except if any such amendment,
waiver or other modification or consent would (i) reduce the amount, or
postpone any date fixed for, any amount (whether of principal, interest or
fees) payable to such participant under the Loan Documents, to which such
participant would otherwise be entitled under such participation or (ii) result
in the release of the Administrative Agent’s Lien on all or substantially all
of the Collateral other than in accordance with Section 8.7(b). In the event of
the sale of any participation by any Lender, (A) such Lender’s obligations
under the Loan Documents shall remain unchanged, (B) such Lender shall remain
solely responsible to the other parties for the performance of such
obligations, (C) such Lender shall remain the holder of such Obligations for
all purposes of this Agreement, and (D) the Borrower, the Administrative Agent
and the other Lenders shall continue to deal solely and directly with such
Lender in connection with such Lender’s rights and obligations under this
Agreement. Each participant shall be entitled to the benefits of Section 2.14(c),
(d) and (e), Section 2.15 and Section 2.16 as if it were a Lender; provided, however, that
anything herein to the contrary notwithstanding, the Borrower shall not, at any
time, be obligated to pay to any participant of any interest of any Lender,
under Section 2.14(c), (d) and (e), Section 2.15 or Section 2.16 any sum in
excess of the sum which the Borrower would have been obligated to pay to such
Lender in respect of such interest had such participation not been sold.

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(i)                                     Any Issuer may at any time assign
its rights and obligations hereunder to any other Lender by an instrument in
form and substance satisfactory to the Borrower, the Administrative Agent, such
Issuer and such Lender. If any Issuer ceases to be a Lender hereunder by virtue
of any assignment made pursuant to this Section 9.2, then, as of the effective
date of such cessation, such Issuer’s obligations to issue Letters of Credit
pursuant to Section 2.4 shall terminate and such Issuer shall be an Issuer
hereunder only with respect to outstanding Letters of Credit issued prior to
such date.

9.3                                 Costs
and Expenses.

(a)                                  The Borrower (or any successor)
agrees to pay, or reimburse the Administrative Agent and the Collateral Agent
for, all of the Administrative Agent’s and Collateral Agent’s reasonable and
documented internal and external audit, legal, appraisal, valuation, filing,
syndication, document duplication and reproduction and investigation expenses
and for all other reasonable out-of-pocket costs and expenses of every type and
nature (including the reasonable fees, expenses and disbursements of the
Administrative Agent’s and Collateral Agent’s counsel, Skadden, Arps, Slate,
Meagher and Flom, LLP, and any other local and special legal counsel, auditors,
accountants, appraisers, printers, insurance and environmental advisers, and
other consultants and agents) incurred by the Administrative Agent or the
Collateral Agent in connection with (i) the Administrative Agent’s or
Collateral Agent’s audit and investigation of the Borrower and its Subsidiaries
in connection with the preparation, negotiation and execution of the Loan
Documents and the Administrative Agent’s or Collateral Agent’s periodic audits
of the Borrower and its Subsidiaries, as the case may be; provided,
however, that, except during such time
as a Default or Event of Default shall have occurred and be continuing, the
Borrower (or any successor) shall have to pay or reimburse the Administrative
Agent and the Collateral Agent for costs and expenses in respect of only one
such periodic audit during any Fiscal Year; (ii) the preparation, negotiation,
execution and interpretation of this Agreement (including the satisfaction or
attempted satisfaction of any of the conditions set forth in Article 3), the
Loan Documents and any proposal letter or commitment letter issued in
connection therewith and the making of the Loans hereunder; (iii) the creation,
perfection or protection of the Liens under the Loan Documents (including any
reasonable fees and expenses for local and special counsel in various
jurisdictions); (iv) the ongoing administration of this Agreement and the Loans
(other than ordinary overhead expenses of the Administrative Agent in
connection with such administration), including consultation with attorneys in
connection therewith and with respect to the Administrative Agent’s rights and
responsibilities hereunder and under the other Loan Documents; (v) the
protection, collection or enforcement of any of the Obligations or the
enforcement of any of the Loan Documents; (vi) the commencement, defense or
intervention in any court proceeding relating in any way to the Obligations,
any Loan Party, any of the Borrower’s Subsidiaries, this Agreement or any of
the other Loan Documents; (vii) the response to, and preparation for, any
subpoena or request for document production with which the Administrative Agent
and/or the Collateral Agent is served or deposition or other proceeding in
which the Administrative Agent and/or the Collateral Agent is called to
testify, in each case, relating in any way to the Obligations, any Loan Party,
any of the Borrower’s Subsidiaries, this Agreement or any of the other Loan
Documents; and (viii) any amendments, consents, waivers, assignments,
restatements, or supplements to any of the Loan Documents and the preparation,
negotiation, and execution of the same.

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(b)                                 The Borrower (or any successor)
further agrees to pay or reimburse the Administrative Agent, the Collateral
Agent and each of the Lenders and Issuers for all reasonable out-of-pocket
costs and expenses, including, without limitation, reasonable attorneys’ fees
(including allocated costs of internal counsel and costs of settlement),
incurred by the Administrative Agent, the Collateral Agent such Lenders or
Issuers (i) in enforcing any Loan Document or Obligation or any security
therefor or exercising or enforcing any other right or remedy available by
reason of an Event of Default; (ii) in connection with any refinancing or
restructuring of the credit arrangements provided hereunder in the nature of a “work-out” or in any insolvency or bankruptcy proceeding;
(iii) in commencing, defending or intervening in any litigation or in filing a
petition, complaint, answer, motion or other pleadings in any legal proceeding
relating to the Obligations, any Loan Party, any of the Borrower’s Subsidiaries
and related to or arising out of the transactions contemplated hereby or by any
of the other Loan Documents; and (iv) in taking any other action in or with
respect to any suit or proceeding (bankruptcy or otherwise) described in
clauses (i) through (iii) above.

(c)                                  All amounts payable under this
Section 9.3 shall become due and payable on the Closing Date (with respect to
costs and expenses incurred on or prior to the Closing Date for which the
Borrower shall have received a request on or prior to the Closing Date) or on
the date 30 days after written demand therefor (with respect to any other costs
and expenses). Any such request or demand shall be accompanied by invoices or
other documentation containing reasonably sufficient detail as to all such
amounts so payable (except that privileged or confidential information may be
excluded therefrom).

9.4                                 Indemnities.

(a)                                  The Borrower (or any successor)
agrees to indemnify and hold harmless the Administrative Agent, the Collateral
Agent, the Arrangers, each Lender and each Issuer and each of their respective
Affiliates, and each of the directors, officers, employees, agents,
representative, attorneys, trustees, consultants, advisors, controlling
persons, members and successors and assigns of or to any of the foregoing
(including those retained in connection with the satisfaction or attempted
satisfaction of any of the conditions set forth in Article 3) (each such Person
being an “Indemnitee”) from and against any and
all claims, damages, liabilities, obligations, losses, penalties, actions,
judgments, suits, costs, disbursements and expenses of any kind or nature
whatsoever (including fees and disbursements of counsel to any such
Indemnitee), joint or several, which may be imposed on, incurred by, or
asserted or awarded against any such Indemnitee in connection with or arising
out of any investigation, litigation or proceeding or the preparation of any
defense in connection therewith, regardless of whether any such investigation, litigation
or proceeding is brought by any Loan Party, any of its directors,
securityholders or creditors, an Indemnitee or any other Person, whether any
such Indemnitee is otherwise a party thereto, whether direct, indirect, or
consequential and whether based on any federal, state or local law or other
statutory regulation, securities or commercial law or regulation, or under
common law or in equity, or on contract, tort or otherwise, in any manner
relating to or arising out of this Agreement, any other Loan Document, any
Obligation, any Letter of Credit, the Confidential Information Memorandum, or
any act, event or transaction related or attendant to any thereof, or the use
or intended use of the proceeds of the Loans or Letters of Credit or in
connection with

 144
 

any
investigation of any potential matter covered hereby (collectively, the “Indemnified Matters”); provided, however,
that the Borrower shall not have any obligation under this Section 9.4 to an
Indemnitee with respect to any Indemnified Matter to the extent (x) caused by
or resulting from the gross negligence or willful misconduct of that Indemnitee
or (y) arising from the unexcused breach of any contractual commitment of such
Indemnitee to the Borrower, if, in each case, a court of competent jurisdiction
in a final non-appealable judgment or order establishes that such unexcused
breach has occurred. Without limiting the foregoing, Indemnified Matters
include (i) all Environmental Liabilities and Costs arising from or connected
with the past, present or future operations of the Borrower or any of its
Subsidiaries or damage to real or personal property or natural resources or
harm or injury alleged to have resulted from any Release of Materials of
Environmental Concern on, upon or into such property or any contiguous real
estate; (ii) any costs or liabilities incurred in connection with any Remedial
Action concerning the Borrower or any of its Subsidiaries; (iii) any costs or
liabilities incurred in connection with any Environmental Laws; and (iv) any costs
or liabilities incurred in connection with any other matter under any
Environmental Law, including the Comprehensive Environmental Response,
Compensation and Liability Act of 1980, 49 U.S.C. §§ 9601 et seq. and
applicable state property transfer laws, whether, with respect to any of such
matters, such Indemnitee is a mortgagee pursuant to any leasehold mortgage, a
mortgagee in possession, the successor in interest to the Borrower or any of
its Subsidiaries, or the owner, lessee or operator of any property of the
Borrower or any of its Subsidiaries by virtue of foreclosure, except, with
respect to those matters referred to in clauses (i), (ii), (iii) and (iv)
above, to the extent incurred following (A) foreclosure by the Administrative
Agent, the Collateral Agent, any Lender or any Issuer, or the Administrative
Agent, the Collateral Agent, any Lender or any Issuer having become the
successor in interest to the Borrower or any of its Subsidiaries, and (B) acts
attributable to the Administrative Agent, the Collateral Agent, such Lender or
such Issuer or any agent on behalf of the Administrative Agent, the Collateral
Agent, or such Lender.

(b)                                 The Borrower (or any successor)
shall indemnify the Administrative Agent, the Collateral Agent, the Lenders and
each Issuer for, and hold the Administrative Agent, the Lenders and each Issuer
harmless from and against, any and all claims for brokerage commissions, fees
and other compensation made against the Administrative Agent, the Collateral
Agent, the Lenders and the Issuers for any broker, finder or consultant with
respect to any agreement, arrangement or understanding made by or on behalf of
any Loan Party or any of its Subsidiaries in connection with the transactions
contemplated by this Agreement.

(c)                                  The Administrative Agent, each
Lender and each Issuer agree that in the event that any such investigation,
litigation or proceeding set forth in subparagraph (a) above is asserted or
threatened in writing or instituted against it or any other Indemnitee, or any
Remedial Action, is requested of it or any of its officers, directors, agents
and employees, for which any Indemnitee may desire indemnity or defense
hereunder, such Indemnitee shall notify the Borrower in writing promptly after
such Indemnitee first has actual knowledge of such investigation, litigation,
proceeding or Remedial Action; provided, however, that the failure of such Indemnitee to promptly
provide such notice shall not reduce or eliminate the Borrower’s or its
successor’s obligations under subparagraph (a) of this Section 9.4 except that,
to the extent any rights or defenses of Borrower (or any successor) therein are
irrevocably forfeited solely as a

 145
 

result
of such failure, the Borrower’s (or its successor’s) obligations under
subparagraph (a) of this Section 9.4 shall exclude any obligation arising
solely as a result of (and that would not exist absent) such forfeiture of such
rights or defenses.

(d)                                 The Borrower (or any successor), at
the request of any Indemnitee, shall have the obligation to defend against such
investigation, litigation or proceeding or requested Remedial Action and the
Borrower (or any successor), in any event, may participate in the defense
thereof with legal counsel of the Borrower’s choice. In the event that such
Indemnitee requests the Borrower (or any successor) to defend against such
investigation, litigation or proceeding or requested Remedial Action, the
Borrower (or any successor) shall promptly do so and such Indemnitee shall have
the right to have legal counsel of its choice participate in such defense. No
action taken by legal counsel chosen by such Indemnitee in defending against
any such investigation, litigation or proceeding or requested Remedial Action,
shall vitiate or in any way impair the Borrower’s (or its successor’s)
obligation and duty hereunder to indemnify and hold harmless such
Indemnitee.  The Borrower (or any
successor) shall not be liable in respect of any settlement of any such
investigation, litigation or proceeding or requested Remedial Action without its
written consent (which consent shall not be unreasonably withheld or
delayed).  The Borrower (or any
successor) shall not, without the prior written consent of such Indemnitee
(which consent shall not be unreasonably withheld or delayed), effect any settlement
of any such investigation, litigation or proceeding or requested Remedial
Action.

(e)                                  Without prejudice to the survival of
any other agreement of the Borrower (or any successor hereunder), the Borrower
(or any successor) agrees that any indemnification or other protection provided
to any Indemnitee pursuant to this Agreement (including pursuant to this
Section 9.4) or any other Loan Document and any obligations of the Borrower (or
any successor) under Section 9.3 shall (i) survive and remain operative and in
full force and effect regardless of the occurrence of the Scheduled Termination
Date, the Tranche B Term Loan Maturity Date, the termination of any Commitments
hereunder, the consummation of (or the failure to consummate) the transactions
contemplated hereby, the repayment of any of the Loans, the invalidity or
unenforceability of any term or provision of this Agreement or the Notes, any
investigation made by or on behalf of the Administrative Agent or any Lender
and the payment in full of the Obligations and (ii) inure to the benefit of any
Person who was at any time an Indemnitee under this Agreement or any other Loan
Document.

(f)                                    All amounts payable under this
Section 9.4 shall become due and payable on the date 30 days after written
demand therefor which demand shall be accompanied by invoices or other
documentation containing reasonably sufficient detail as to all such amounts so
payable (except that privileged or confidential information may be excluded
therefrom).  Statements payable by the Borrower
pursuant to this Section 9.4 shall be submitted to the attention of chief
financial officer (Telephone No. 312-840-3033) (Telecopy No. 312-840-5569), at
the address of the Borrower in Illinois set forth in Section 9.8, with a copy
to Holdings to the attention of

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Jonathan
Cole (Telephone No. 312-840-5112 (Telecopy No. 312-840-5569) at the address of
Holdings set forth in Section 9.8 and a copy to the Borrower to the attention
of Jonathan Cole (Telephone No. 312-840-5112 (Telecopy No. 312-840-5569) at the
address of the Borrower in Illinois set forth in Section 9.8, or to such other
Person or address as may be hereafter designated by the Borrower in a written
notice to the Administrative Agent.

9.5                                 Limitation
of Liability.  Each of Holdings and
the Borrower hereby irrevocably and unconditionally waives, to the maximum
extent not prohibited by law, any right it may have to claim or recover in any
legal action or proceeding relating to any Loan Document any special,
exemplary, punitive or consequential damages.

9.6                                 Right
of Set-off.  Upon the occurrence and
during the continuance of any Event of Default, each Lender and each Affiliate
of a Lender is hereby authorized at any time and from time to time, to the
fullest extent permitted by law, to set off and apply any and all deposits
(general or special, time or demand, provisional or final) at any time held and
other indebtedness at any time owing by such Lender or its Affiliates to or for
the credit or the account of the Borrower against any and all of the
Obligations now or hereafter existing whether or not such Lender shall have
made any demand under this Agreement or any other Loan Document and although
such Obligations may be unmatured. Each Lender agrees promptly to notify the
Borrower after any such set-off and application made by such Lender or its
Affiliates; provided, however,
that the failure to give such notice shall not affect the validity of such
set-off and application. The rights of each Lender under this Section 9.6 are
in addition to the other rights and remedies (including other rights of
set-off) which such Lender may have.

9.7                                 Sharing
of Payments. Etc.

(a)                                  If any Lender shall obtain any
payment (whether voluntary, involuntary, through the exercise of any right of
set-off or otherwise) of the Loans owing to it, any interest thereon, fees in
respect thereof or amounts due pursuant to Section 9.3 or Section 9.4 (other
than payments pursuant to Section 2.12, Section 2.13 or Section 2.14) in excess
of its Ratable Portion of all payments of such Obligations obtained by all the
Lenders, such Lender (a “Purchasing Lender”)
shall forthwith purchase from the other Lenders (each, a “Selling
Lender”) such participations in their Loans or other Obligations as
shall be necessary to cause such Purchasing Lender to share the excess payment
ratably with each of them.

(b)                                 If all or any portion of any payment
received by a Purchasing Lender is thereafter recovered from such Purchasing
Lender, such purchase from each Selling Lender shall be rescinded and such Selling
Lender shall repay to the Purchasing Lender the purchase price to the extent of
such recovery together with an amount equal to such Selling Lender’s ratable
share (according to the proportion of (i) the amount of such Selling 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.

(c)                                  The Borrower agrees that any
Purchasing Lender so purchasing a participation from a Selling Lender pursuant
to this Section 9.7 may, to the fullest extent

 147
 

permitted
by law, exercise all its rights of payment (including the right of set-off)
with respect to such participation as fully as if such Purchasing Lender were the
direct creditor of the Borrower in the amount of such participation.

9.8                                 Notices,
Etc.

(a)                                  All notices, demands, requests and
other communications provided for in this Agreement shall be given in writing,
unless otherwise specifically provided herein, or by any telecommunication
device capable of creating a written record (including electronic mail), and
addressed to the party to be notified as follows:

(i)                                    if to Holdings:

Merisant Worldwide, Inc.

10 South Riverside Plaza

Suite 850

Chicago, IL  60606

Attention:  Jonathan Cole

Telecopy:  (312) 840-5569

Telephone:  (312) 840-5112

(ii)                                 if to the Borrower:

Merisant Company

10 South Riverside Plaza

Suite 850

Chicago, IL  60606

Attention:  Chief Financial Officer

Telecopy:  (312) 840-5569

Telephone:  (312) 840-3033

with copies to:

Sidley Austin LLP

1 South Dearborn Street

Chicago, IL  60603

Attention:  Robert J. Lewis

Telecopy:  (312) 853-7036

Telephone:  (312) 853-7363

 148
 

and:      Merisant
Worldwide, Inc.

10 South Riverside Plaza

Suite 850

Chicago, IL  60606

Attention:  Jonathan Cole

Telecopy:  (312) 840-5569

Telephone:  (312) 840-5112

(iii)                               if to any Lender, at its Domestic
Lending Office specified opposite its name on Schedule II or on the signature
page of any applicable Assignment and Acceptance;

(iv)                              if to any Issuer, at the address set
forth under its name on the signature page hereof; and

(v)                                if to the Administrative Agent:

Credit Suisse 

Eleven Madison Avenue

New York, NY  10010

Attention:  Agency Loan Administrator

Telecopy:  (212) 325-8304

Telephone:  (212) 325-2000

with a copy to:

Skadden, Arps, Slate, Meagher & Flom LLP

Four Times Square

New York, NY 10036

Attention:  Rossie E. Turman

Telecopy:  (917) 777-2748

Telephone:  (212) 735-2748

(vi)                              if to the Collateral Agent:

Credit Suisse

Eleven Madison Avenue

New York, NY 10010

Attention:  Agency Loan Administrator

Telecopy:  (212) 325-8304

Telephone:  (212) 325-2000

 149
 

with a copy to:

Skadden, Arps, Slate, Meagher & Flom LLP

Four Times Square

New York, NY 10036

Attention:  Rossie E. Turman

Telecopy:  (917) 777-2748

Telephone: (212) 735-2748

or at such other address
as shall be notified in writing (i) in the case of the Borrower and the
Administrative Agent, to the other parties and (ii) in the case of all other
parties, to the Borrower and the Administrative Agent. All such notices and
communications shall be effective upon personal delivery (if delivered by hand,
including any overnight courier service), when deposited in the mails (if sent
by mail), or when properly transmitted (if sent by a telecommunications device
or through the internet); provided, however,
that notices and communications to the Administrative Agent pursuant to Article
2, Article 5 or Article 10 shall not be effective until received by the
Administrative Agent.

9.9                                 No
Waiver; Remedies.  No failure on the
part of any Lender, Issuer or the Administrative Agent to exercise, and no
delay in exercising, any right hereunder shall operate as a waiver thereof nor
shall any single or partial exercise of any such right preclude any other or
further exercise thereof or the exercise of any other right. The remedies
herein provided are cumulative and not exclusive of any remedies provided by
law.

9.10                           Binding
Effect.  This Agreement shall become
effective when it shall have been executed by Holdings, the Borrower and the
Administrative Agent and when the Administrative Agent shall have been notified
by each Lender and Issuer that such Lender or Issuer has executed it and
thereafter shall be binding upon and inure to the benefit of Holdings, the
Borrower, the Administrative Agent and each Lender and Issuer and, in each
case, its respective successors and assigns, except that neither Holdings nor
the Borrower shall have the right to assign its rights hereunder or any
interest herein without the prior written consent of the Lenders or as
permitted by Section 6.4(vi).

9.11                           Governing
Law.  THIS AGREEMENT AND THE RIGHTS
AND OBLIGATIONS OF THE PARTIES HERETO, INCLUDING THE INTERPRETATION,
CONSTRUCTION, VALIDITY AND ENFORCEABILITY THEREOF, SHALL BE GOVERNED BY, AND
CONSTRUED AND INTERPRETED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK.

9.12                           Submission
to Jurisdiction; Service of Process.

(a)                                  Each of Holdings and the Borrower
hereby irrevocably and unconditionally:

(i)                                     submits for itself and its property
in any legal action or proceeding relating to this Agreement or any other Loan
Document to which it is a party,

 150
 

or for
recognition and enforcement of any judgment in respect thereof, to the non
exclusive general jurisdiction of the courts of the State of New York sitting
in New York County, the courts of the United States for the Southern District
of New York, and appellate courts from any thereof;

(ii)                                  consents that any such action or
proceeding may be brought in such courts and waives any objection that it may
now or hereafter have to the venue of any such action or proceeding in any such
court or that such action or proceeding was brought in an inconvenient court
and agrees not to plead or claim the same;

(iii)                               agrees that service of process in
any such action or proceeding may be effected by mailing a copy thereof by
registered or certified mail (or any substantially similar form of mail),
postage prepaid, to Holdings or the Borrower, as the case may be, at its
address specified in Section 9.8; and

(iv)                              agrees that nothing herein shall
affect the right to effect service of process in any other manner permitted by
law or shall limit the right to sue in any other jurisdiction.

(b)                                 If for the purposes of obtaining
judgment in any court it is necessary to convert a sum due hereunder in an
Applicable Currency into another currency, the parties hereto agree, to the
fullest extent that they may effectively do so, that the rate of exchange used
shall be that at which in accordance with normal banking procedures the Administrative
Agent could purchase the Applicable Currency with such other currency at the
spot rate of exchange quoted by the Administrative Agent at 11:00 a.m. (New
York City time) on the Business Day preceding that on which final judgment is
given, for the purchase of the Applicable Currency, for delivery two Business
Days thereafter.  The obligation of the
Borrower (or any successor) in respect of any such sum due to any Lender or
other Secured Party (the “Applicable Lender”)
shall, notwithstanding any judgment in a currency (the “Judgment
Currency”) other than the Applicable Currency in which such is
stated to be due under such Loan Document (the “Agreement
Currency”), be discharged only to the extent that on the Business
Day following receipt by the Applicable Lender of any sum adjudged to be so due
in the Judgment Currency, the Applicable Lender may in accordance with normal
banking procedures in the relevant jurisdiction 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 Applicable Lender in the
Agreement Currency, the Borrower (and its successor) agrees, as a separate
obligation and notwithstanding any such judgment, to indemnify the Applicable
Lender against such loss.  The
obligations of the Borrower (or any successor) contained in this Section
9.12(b) shall survive the termination of this Agreement and the payment of all
other amounts owing hereunder.

9.13                           Waiver
of Jury Trial.  EACH OF THE ADMINISTRATIVE
AGENT, THE COLLATERAL AGENT, THE LENDERS, THE ISSUERS, HOLDINGS AND THE
BORROWER IRREVOCABLY WAIVES TRIAL BY JURY IN ANY ACTION OR

 151
 

PROCEEDING WITH RESPECT TO THIS AGREEMENT OR ANY OTHER
LOAN DOCUMENT.

9.14                           Marshaling;
Payments Set Aside.  None of the
Administrative Agent, the Collateral Agent, any Lender or any Issuer shall be
under any obligation to marshal any assets in favor of the Borrower or any
other party or against or in payment of any or all of the Obligations. To the
extent that the Borrower makes a payment or payments to the Administrative
Agent, the Collateral Agent, the Lenders or the Issuers or any of such Persons
receives payment from the proceeds of the Collateral or exercise their rights
of setoff, and such payment or payments or the proceeds of such enforcement or
setoff or any part thereof are subsequently invalidated, declared to be
fraudulent or preferential, set aside or required to be repaid to a trustee,
receiver or any other party, then to the extent of such recovery, the obligation
or part thereof originally intended to be satisfied, and all Liens, right and
remedies therefor, shall be revived and continued in full force and effect as
if such payment had not been made or such enforcement or setoff had not
occurred.

9.15                           Section
Titles.  The Section titles contained
in this Agreement are and shall be without substantive meaning or content of
any kind whatsoever and are not a part of the agreement between the parties
hereto.

9.16                           Execution
in Counterparts.  This Agreement may
be executed in any number of counterparts and by different parties in separate
counterparts, each of which when so executed shall be deemed to be an original
and all of which taken together shall constitute one and the same agreement.
Signature pages may be detached from multiple separate counterparts and
attached to a single counterpart so that all signature pages are attached to
the same document.  Delivery of an
executed signature page of this Agreement by facsimile transmission shall be as
effective as delivery of a manually executed counterpart hereof. A set of the
copies of this Agreement signed by all parties shall be lodged with the
Borrower and the Administrative Agent.

9.17                           Entire
Agreement.  This Agreement, together
with the fifth paragraph of the Engagement Letter and Section 1(b) of the
Appointment Letter, all of the other Loan Documents and all certificates and
documents delivered hereunder or thereunder, embodies the entire agreement of
the parties and supersedes all prior agreements and understandings relating to
the subject matter hereof.  In the event
of any conflict between the terms of this Agreement and any other Loan
Document, the terms of this Agreement shall govern.

9.18                           Confidentiality.  Each Lender, the Collateral Agent and the
Administrative Agent agree to keep information obtained by it pursuant hereto
and the other Loan Documents confidential in accordance with such Lender’s, the
Collateral Agent’s or the Administrative Agent’s, as the case may be, customary
practices and agrees that it will use such information only in connection with
the transactions contemplated by this Agreement and not disclose any of such
information other than (a) to such Lender’s, the Collateral Agent’s or the
Administrative Agent’s, as the case may be, employees, representatives and
agents who are or are expected to be involved in the evaluation of such
information in connection with the transactions contemplated by this Agreement
and who are advised of the confidential nature of such information, (b) to the
extent such information presently is or hereafter becomes available to such
Lender, the Collateral Agent or the Administrative Agent, as the case may be,
on a non-confidential basis from a source

 152
 

other than the Borrower, (c) to the extent disclosure
is required by law, regulation or judicial order or requested or required by
bank regulators or auditors, or (d) to assignees or participants or potential
assignees or participants or a Lender’s secured 
creditor, in each case who agree to be bound by the provisions of this
Section 9.18.  Notwithstanding any other
provision in this Agreement, the Borrower, Holdings, each Lender, each Issuer,
the Collateral Agent and the Administrative Agent hereby agree that each of the
Lenders, the Issuers, the Collateral Agent and the Administrative Agent (and
each of their respective officers, directors, employees, accountants, attorneys
and other advisors) may disclose to any and all Persons, without limitation of
any kind, the United States tax treatment and United States tax structure of
the transaction and all materials of any kind (including opinions and other tax
analyses) that are provided to each of them relating to such United States tax
treatment and United States tax structure.

9.19                           Waiver
of Usury Defense.  To the extent
permitted by applicable law, each of Holdings and the Borrowers agrees that it
will not assert, plead (as a defense or otherwise) or in any manner whatsoever
claim (and will actively resist any attempt to compel it to assert, plead or
claim) in any action, suit or proceeding that the effective interest rate on
any Loan violates present or future usury or other laws relating to the
interest payable on any Obligations and will not otherwise avail itself (and
will actively resist any attempt to compel it to avail itself) of the benefits
or advantages of any such laws.

9.20                           Survival
of Agreement.  All covenants,
agreements, representations and warranties made by the Borrower, any other Loan
Party or any of their respective subsidiaries herein or in the certificates or
other instruments prepared or delivered in connection with this Agreement, any
of the Collateral Documents or any other Loan Document which shall be
considered to have been relied upon by the Lenders and the Administrative Agent
shall survive the making by the Lenders of the Loans and the execution and
delivery to the Lenders of the Notes, notwithstanding any investigation
heretofore or hereafter made (or any prior or future participation in the
preparation or delivery of any such documents or schedules thereto) by any of
them (or by any employees, agents, attorneys, consultants and advisors thereof
or thereto).

9.21                           USA
Patriot Act. Each Lender or assignee or participant of a Lender that is not
incorporated under the laws of the United States or a state thereof (and is not
excepted from the certification requirement contained in Section 313 of the
Patriot Act and the applicable regulations because it is both (i) an affiliate
of a depository institution or foreign bank that maintains a physical presence
in the United States or foreign country, and (ii) subject to supervision by a
banking authority regulating such affiliated depository institution or foreign
bank) shall deliver to the Administrative Agent the certification, or, if
applicable, recertification, certifying that such Lender is not a “shell” and
certifying to other matters as required by Section 313 of the Patriot Act and
the applicable regulations: (1) within 10 days after the Closing Date, and (2)
as such other times as are required under the Patriot Act.

9.22                           Waiver
and Consent.  Notwithstanding
anything contained in Section 7.1(c) to the contrary, the prepayment of the
Prior Second Lien Credit Facility shall be permitted, and the Lenders hereby
waive any and all rights pursuant to any Event of Default under Section 7.2,
solely it pertains to such prepayment; provided that
the conditions set forth in Section 3.3 shall be satisfied or waived prior to,
or concurrent with, such prepayment.

 153
 

9.23                           Permitted
Merger.  Without limiting the provisions
in Section 6.4(vi), Merisant Worldwide and Merisant Company shall enter into
negotiations with the Administrative Agent and the Collateral Agent to, and the
Lenders hereby direct the Administrative Agent and the Collateral Agent, each
on behalf of the Lenders, to reflect equitably the Permitted Merger in the Loan
Documents with the desired result that the Surviving Entity maintain the
equivalent rights, responsibilities and Obligations as Holdings and the
Borrower have in the aggregate on the date immediately prior to such merger or
consolidation thereof.

[SIGNATURE PAGES FOLLOW]

 154

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

	
  

  	
  MERISANT COMPANY

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ DIANA
  S. FERGUSON

  
	
   

  	
  Name:

  	
  Diana S. Ferguson

  
	
   

  	
  Title:

  	
  Chief Financial Officer

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  MERISANT WORLDWIDE, INC.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ DIANA S. FERGUSON

  
	
   

  	
  Name:

  	
  Diana S. Ferguson

  
	
   

  	
  Title:

  	
  Chief Financial Officer

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  CREDIT SUISSE, CAYMAN ISLANDS

  BRANCH,

  
	
   

  	
  as Administrative Agent, Collateral Agent,

  
	
   

  	
   a Lender and
  an Issuer

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ VANESSA
  GOMEZ

  
	
   

  	
  Name:

  	
  Vanessa Gomez

  
	
   

  	
  Title:

  	
  Vice President

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ JAMES
  NEIRA

  
	
   

  	
  Name:

  	
  James Neira

  
	
   

  	
  Title:

  	
  Associate

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  CREDIT SUISSE SECURITIES (USA)

  LLC, as Co-Arranger and Bookrunner

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ JEFFREY
  COHEN

  
	
   

  	
  Name:

  	
  Jeffrey Cohen

  
	
   

  	
  Title:

  	
  Managing Director

  
					

 

 

	
  

  	
  JEFFERIES FINANCE LLC, as Co-

  Arranger and Documentation Agent

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ E. J.
  HESS

  
	
   

  	
  Name:

  	
  E. J. Hess

  
	
   

  	
  Title:

  	
  Managing Director

  
					

 

 

	
  

  	
   

  	
   

  
	
   

  	
  Jeffries Finance LLC

  	
   

  
	
  

  	
  as a Lender

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ E. J.
  HESS

  
	
   

  	
  Name:

  	
  E. J. Hess

  
	
   

  	
  Title:

  	
  Managing Director

  
						

 

 

 

	
  

  	
   

  	
   

  
	
   

  	
  Barclays Bank PLC

  	
   

  
	
  

  	
  as a Lender

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ GREGORY
  R. PERRY

  
	
   

  	
  Name:

  	
  Gregory R. Perry

  
	
   

  	
  Title:

  	
  Attorney-In-Fact

  
						

 

 

	
  

  	
   

  	
   

  
	
   

  	
  Citibank, N.A.,

  	
   

  
	
  

  	
  as a Lender

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ THOMAS
  A. NEVILLE

  
	
   

  	
  Name:

  	
  Thomas A. Neville

  
	
   

  	
  Title:

  	
  Attorney-In-Fact

  
						

 

 

	
  

  	
   

  	
   

  
	
   

  	
  Bank of America, N.A.

  	
   

  
	
  

  	
  as a Lender

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ MICHAEL
  ROOF

  
	
   

  	
  Name:

  	
  Michael Roof

  
	
   

  	
  Title:

  	
  Vice President

  
						

 

 

	
  

  	
   

  	
   

  
	
   

  	
  Grand Central Asset Trust, TPG Series

  	
   

  
	
  

  	
  as a Lender

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ RICHARD
  NEWCOMB

  
	
   

  	
  Name:

  	
  Richard Newcomb

  
	
   

  	
  Title:

  	
  Attorney-in-fact

  
						

 

 

	
  

  	
   

  	
   

  
	
   

  	
  Wachovia Bank, National Association

  	
   

  
	
  

  	
  as a Lender

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ JILL
  W. AKRE

  
	
   

  	
  Name:

  	
  Jill W. Akre

  
	
   

  	
  Title:

  	
  Managing Director

  
						

 

 

	
  

  	
   

  	
   

  
	
   

  	
  LaSalle Bank National Association

  	
   

  
	
  

  	
  as a Lender

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ ERIN
  M. FREY

  
	
   

  	
  Name:

  	
  Erin M. Frey

  
	
   

  	
  Title:

  	
  VP

  
						

 

 

	
  

  	
   

  	
   

  
	
   

  	
  Grand Central Asset Trust, CED Series

  	
   

  
	
  

  	
  as a Lender

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ JANET
  HAACK

  
	
   

  	
  Name:

  	
  Janet Haack

  
	
   

  	
  Title:

  	
  As Attorney In Fact

  
						

 

 

	
  

  	
   

  	
   

  
	
   

  	
  CF Special Situation Fund I LP

  	
   

  
	
  

  	
  as a Lender

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ ROBERT
  CLUTTERBUCK

  
	
   

  	
  Name:

  	
  Robert Clutterbuck

  
	
   

  	
  Title:

  	
  Partner

  
						

 

 

	
  

  	
   

  	
   

  
	
   

  	
  Grand Central Asset Trust, RCG Series

  	
   

  
	
  

  	
  as a Lender

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ JANET
  HAACK

  
	
   

  	
  Name:

  	
  Janet Haack

  
	
   

  	
  Title:

  	
  As Attorney In Fact

  
						

 

 

	
  

  	
  REGIMENT CAPITAL, LTD

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  Regiment Capital Management, LLC

  	
   

  
	
   

  	
   

  	
  as its Investment Advisor

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  Regiment Capital Advisors, LP

  	
   

  
	
   

  	
   

  	
  its Manager and pursuant to delegated

  	
   

  
	
  

  	
   

  	
  authority

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  Mark A. Brostowski

  	
   

  
	
  

  	
  as a Lender

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ MARK
  A. BROSTOWSKI

  
	
   

  	
  Name:

  	
  Mark A. Brostowski

  
	
   

  	
  Title:

  	
  Authorized Signatory

  
							

 

 

	
  

  	
  PRESIDENT & FELLOWS OF HARVARD

  	
   

  
	
   

  	
  COLLEGE

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  Regiment Capital Management, LLC

  	
   

  
	
   

  	
   

  	
  as its Investment Advisor

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  Regiment Capital Advisors, LP

  	
   

  
	
   

  	
   

  	
  its Manager and pursuant to delegated

  	
   

  
	
  

  	
   

  	
  authority

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  Mark A. Brostowski

  	
   

  
	
  

  	
  as a Lender

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ MARK
  A. BROSTOWSKI

  
	
   

  	
  Name:

  	
  Mark A. Brostowski

  
	
   

  	
  Title:

  	
  Authorized Signatory

  
							

 

 

	
  

  	
   

  	
   

  
	
   

  	
  Bear Stearns Investment Products Inc.

  	
   

  
	
  

  	
  as a Lender

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ JOHN
  McDERMOTT

  
	
   

  	
  Name:

  	
  John McDermott

  
	
   

  	
  Title:

  	
  Vice President

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00123-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00123-of-00352.parquet"}]]