Document:

2005 Employee Stock Purchase Plan

 EXHIBIT 10.5 
  
 2005 Employee Stock Purchase Plan 

 CRYOCOR, INC. 
 2005 EMPLOYEE STOCK PURCHASE PLAN 
  
 ADOPTED BY THE
BOARD OF DIRECTORS: MARCH 30, 2005 
 APPROVED
BY STOCKHOLDERS: JULY 6, 2005 
  
 1. PURPOSE. 
  
 (a) The
purpose of the Plan is to provide a means by which Employees of the Company and certain designated Related Corporations may be given an opportunity to purchase shares of the Common Stock of the Company. 
  
 (b) The Company, by means of the Plan, seeks to secure and retain the
services of current and new Employees and to provide incentives for such persons to exert maximum efforts for the success of the Company and its Related Corporations. 
  
 (c) The Company intends that the Purchase Rights be considered options issued under an Employee Stock Purchase Plan.

  
 2. DEFINITIONS. 
  
 As used in the Plan and any Offering, unless otherwise specified, the
following terms have the meanings set forth below: 
  
 (a)
“Board” means the Board of Directors of the Company. 
  
 (b) “Code” means the Internal Revenue Code of 1986, as amended. 
  
 (c) “Committee” means a committee appointed by the Board in accordance with Section 3(c) of the Plan. 
  
 (d) “Common Stock” means the common stock of
the Company. 
  
 (e) “Company”
means CryoCor, Inc., a Delaware corporation. 
  
 (f)
“Contributions” means the payroll deductions and other additional payments that a Participant contributes to fund the exercise of a Purchase Right. A Participant may make payments not through payroll deductions only if
specifically provided for in the Offering, and then only if the Participant has not already had the maximum permitted amount withheld through payroll deductions during the Offering. 
  
 (g) “Corporate Transaction” means the occurrence, in a single transaction or in a series of
related transactions, of any one or more of the following events: 
  
 (i) a sale, lease, license or other disposition of all or substantially all of the consolidated assets of the Company; 
  

 1. 

 (ii) a sale or other disposition of at least ninety percent (90%) of the outstanding securities of
the Company; 
  
 (iii) a merger, consolidation or similar
transaction following which the Company is not the surviving corporation; or 
  
 (iv) a merger, consolidation or similar transaction following which the Company is the surviving corporation but the shares of Common Stock outstanding immediately preceding the merger, consolidation or similar
transaction are converted or exchanged by virtue of the merger, consolidation or similar transaction into other property, whether in the form of securities, cash or otherwise. 
  
 (h) “Director” means a member of the Board. 
  
 (i) “Eligible Employee” means an Employee who
meets the requirements set forth in the Offering for eligibility to participate in the Offering, provided that such Employee also meets the requirements for eligibility to participate set forth in the Plan. 
  
 (j) “Employee” means any person, including
Officers and Directors, who is employed for purposes of Section 423(b)(4) of the Code by the Company or a Related Corporation. Neither service as a Director nor payment of a director’s fee shall be sufficient to make an individual an Employee
of the Company or a Related Corporation. 
  
 (k)
“Employee Stock Purchase Plan” means a plan that grants Purchase Rights intended to be options issued under an “employee stock purchase plan,” as that term is defined in Section 423(b) of the Code. 
  
 (l) “Exchange Act” means the Securities
Exchange Act of 1934, as amended. 
  
 (i) “Fair
Market Value” means the value of a security, as determined in good faith by the Board. If the security is listed on any established stock exchange or traded on the Nasdaq National Market or the Nasdaq SmallCap Market, the Fair Market
Value of the security, unless otherwise determined by the Board, shall be the closing sales price (rounded up where necessary to the nearest whole cent) for such security (or the closing bid, if no sales were reported) as quoted on such exchange or
market (or the exchange or market with the greatest volume of trading in the relevant security of the Company) on the Trading Day that is the relevant determination date, as reported in The Wall Street Journal or such other source as the
Board deems reliable. Unless otherwise provided by the Board, if there is no closing sales price (or closing bid if no sales were reported) for the security on the date in question, then the Fair Market Value shall be the closing selling price (or
closing bid if no sales were reported) on the last preceding date for which such quotation exists. 
  
 (m) “IPO Date” means the date of the underwriting agreement between the Company and the underwriter(s) managing the initial
public offering of the Common Stock, pursuant to which the Common Stock is priced for the initial public offering. 
  
 (n) “Offering” means the grant of Purchase Rights to purchase shares of Common Stock under the Plan to Eligible Employees.

  

 2. 

 (o) “Offering Date” means a date selected by the Board for an Offering to
commence. 
  
 (p) “Officer” means a
person who is an officer of the Company within the meaning of Section 16 of the Exchange Act and the rules and regulations promulgated thereunder. 
  
 (q) “Participant” means an Eligible Employee who holds an outstanding Purchase Right granted pursuant to the Plan.

  
 (r) “Plan” means this CryoCor,
Inc. 2005 Employee Stock Purchase Plan. 
  
 (s)
“Purchase Date” means one or more dates during an Offering established by the Board on which Purchase Rights shall be exercised and as of which purchases of shares of Common Stock shall be carried out in accordance with such
Offering. 
  
 (t) “Purchase Period”
means a period of time specified within an Offering beginning on the Offering Date or on the next day following a Purchase Date within an Offering and ending on a Purchase Date. An Offering may consist of one or more Purchase Periods. 
  
 (u) “Purchase Right” means an option to
purchase shares of Common Stock granted pursuant to the Plan. 
  
 (v) “Related Corporation” means any parent corporation or subsidiary corporation, whether now or hereafter existing, as those terms are defined in Sections 424(e) and (f), respectively, of the Code.

  
 (w) “Securities Act” means the
Securities Act of 1933, as amended. 
  
 (x)
“Trading Day” means any day on which the exchange(s) or market(s) on which shares of Common Stock are listed, whether it be an established stock exchange, the Nasdaq National Market, the Nasdaq SmallCap Market or otherwise,
is open for trading. 
  
 3. ADMINISTRATION. 
  
 (a) The Board shall administer the Plan unless and until the Board
delegates administration to a Committee, as provided in Section 3(c). Whether or not the Board has delegated administration, the Board shall have the final power to determine all questions of policy and expediency that may arise in the
administration of the Plan. 
  
 (b) The Board (or the
Committee) shall have the power, subject to, and within the limitations of, the express provisions of the Plan: 
  
 (i) To determine when and how Purchase Rights to purchase shares of Common Stock shall be granted and the provisions of each Offering of such
Purchase Rights (which need not be identical). 
  
 (ii) To
designate from time to time which Related Corporations of the Company shall be eligible to participate in the Plan. 
  

 3. 

 (iii) To construe and interpret the Plan and Purchase Rights, and to establish, amend and revoke
rules and regulations for the administration of the Plan. The Board, in the exercise of this power, may correct any defect, omission or inconsistency in the Plan, in a manner and to the extent it shall deem necessary or expedient to make the Plan
fully effective. 
  
 (iv) To amend the Plan as provided in
Section 15. 
  
 (v) Generally, to exercise such powers and
to perform such acts as it deems necessary or expedient to promote the best interests of the Company and its Related Corporations and to carry out the intent that the Plan be treated as an Employee Stock Purchase Plan. 
  
 (vi) To adopt such procedures and sub-plans as are necessary or
appropriate to permit participation in the Plan by Employees who are foreign nationals or employed outside the United States. 
  
 (c) The Board may delegate administration of the Plan to a Committee of the Board composed of one (1) or more members of the Board. If
administration of the Plan is delegated to a Committee, the Committee shall have, in connection with the administration of the Plan, the powers theretofore possessed by the Board, subject, however, to such resolutions, not inconsistent with the
provisions of the Plan, as may be adopted from time to time by the Board. The Board may abolish the Committee at any time and revest in the Board some or all of the powers previously delegated. If administration is delegated to a Committee,
references to the Board in this Plan and in the Offering document shall thereafter be deemed to be to the Board or the Committee, as the case may be. 
  
 (d) All determinations, interpretations and constructions made by the Board in good faith shall not be subject to review by any person and shall be
final, binding and conclusive on all persons. 
  
 4. SHARES
OF COMMON STOCK SUBJECT TO THE PLAN. 
  
 Subject to the provisions of Section 14(a) relating to adjustments upon changes in Common Stock, the stock that may be sold pursuant to Purchase Rights
granted under the Plan shall not exceed in the aggregate one hundred sixty-one thousand two hundred ninety (161,290) shares of Common Stock, plus an annual increase to be added on the first day of each Company fiscal year, beginning in 2006 and
ending in (and including) 2015, equal to the least of the following amounts: (i) one percent (1.0%) of the Company’s outstanding shares of Common Stock on the day preceding the first day of such fiscal year (rounded to the nearest whole share),
(ii) three hundred twenty-two thousand five hundred eighty (322,580) shares of Common Stock, or (iii) an amount determined by the Board. 
  
 5. GRANT OF PURCHASE RIGHTS; OFFERING. 
  
 (a) The Board may from time to time grant or provide for the grant of
Purchase Rights to purchase shares of Common Stock under the Plan to Eligible Employees in an Offering (consisting of one or more Purchase Periods) on an Offering Date or Offering Dates selected by the Board. Each Offering shall be in such form and
shall contain such terms and conditions as the Board shall deem appropriate, which shall comply with the requirement of Section 423(b)(5) of the Code that all Employees granted Purchase Rights shall have the same rights and 
  

 4. 

 privileges. The terms and conditions of an Offering shall be incorporated by reference into the Plan and treated as part
of the Plan. The provisions of separate Offerings need not be identical, but each Offering shall include (through incorporation of the provisions of this Plan by reference in the document comprising the Offering or otherwise) the period during which
the Offering shall be effective, which period shall not exceed twenty-seven (27) months beginning with the Offering Date, and the substance of the provisions contained in Sections 6 through 9, inclusive. 
  
 (b) If a Participant has more than one Purchase Right outstanding
under the Plan, unless he or she otherwise indicates in agreements or notices delivered hereunder: (i) each agreement or notice delivered by that Participant shall be deemed to apply to all of his or her Purchase Rights under the Plan, and (ii) a
Purchase Right with a lower exercise price (or an earlier-granted Purchase Right, if different Purchase Rights have identical exercise prices) shall be exercised to the fullest possible extent before a Purchase Right with a higher exercise price (or
a later-granted Purchase Right if different Purchase Rights have identical exercise prices) shall be exercised. 
  
 6. ELIGIBILITY. 
  
 (a) Purchase Rights may be granted only to Employees of the Company or, as the Board may designate as provided in Section 3(b), to Employees of a
Related Corporation. Except as provided in Section 6(b), an Employee shall not be eligible to be granted Purchase Rights under the Plan unless, on the Offering Date, such Employee has been in the employ of the Company or the Related Corporation, as
the case may be, for such continuous period preceding such Offering Date as the Board may require, but in no event shall the required period of continuous employment be greater than two (2) years. In addition, the Board may provide that no Employee
shall be eligible to be granted Purchase Rights under the Plan unless, on the Offering Date, such Employee’s customary employment with the Company or the Related Corporation is more than twenty (20) hours per week and/or more than five (5)
months per calendar year. 
  
 (b) The Board may provide
that each person who, during the course of an Offering, first becomes an Eligible Employee shall, on a date or dates specified in the Offering which coincides with the day on which such person becomes an Eligible Employee or which occurs thereafter,
receive a Purchase Right under that Offering, which Purchase Right shall thereafter be deemed to be a part of that Offering. Such Purchase Right shall have the same characteristics as any Purchase Rights originally granted under that Offering, as
described herein, except that: 
  
 (i) the date on which
such Purchase Right is granted shall be the “Offering Date” of such Purchase Right for all purposes, including determination of the exercise price of such Purchase Right; 
  
 (ii) the period of the Offering with respect to such Purchase Right shall begin on its Offering Date and end
coincident with the end of such Offering; and 
  
 (iii) the
Board may provide that if such person first becomes an Eligible Employee within a specified period of time before the end of the Offering, he or she shall not receive any Purchase Right under that Offering. 
  

 5. 

 (c) No Employee shall be eligible for the grant of any Purchase Rights under the Plan if,
immediately after any such Purchase Rights are granted, such Employee owns stock possessing five percent (5%) or more of the total combined voting power or value of all classes of stock of the Company or of any Related Corporation. For purposes of
this Section 6(c), the rules of Section 424(d) of the Code shall apply in determining the stock ownership of any Employee, and stock which such Employee may purchase under all outstanding Purchase Rights and options shall be treated as stock owned
by such Employee. 
  
 (d) As specified by Section 423(b)(8)
of the Code, an Eligible Employee may be granted Purchase Rights under the Plan only if such Purchase Rights, together with any other rights granted under all Employee Stock Purchase Plans of the Company and any Related Corporations, do not permit
such Eligible Employee’s rights to purchase stock of the Company or any Related Corporation to accrue at a rate which exceeds twenty five thousand dollars ($25,000) of Fair Market Value of such stock (determined at the time such rights are
granted, and which, with respect to the Plan, shall be determined as of their respective Offering Dates) for each calendar year in which such rights are outstanding at any time. 
  
 (e) Officers of the Company and any designated Related Corporation, if they are otherwise Eligible Employees, shall
be eligible to participate in Offerings under the Plan. Notwithstanding the foregoing, the Board may provide in an Offering that Employees who are highly compensated Employees within the meaning of Section 423(b)(4)(D) of the Code shall not be
eligible to participate. 
  
 7. PURCHASE RIGHTS;
PURCHASE PRICE. 
  
 (a)
On each Offering Date, each Eligible Employee, pursuant to an Offering made under the Plan, shall be granted a Purchase Right to purchase up to that number of shares of Common Stock purchasable either with a percentage or with a maximum dollar
amount, as designated by the Board, but in either case not exceeding fifteen percent (15%), of such Employee’s Earnings (as defined by the Board in each Offering) during the period that begins on the Offering Date (or such later date as the
Board determines for a particular Offering) and ends on the date stated in the Offering, which date shall be no later than the end of the Offering. 
  
 (b) The Board shall establish one (1) or more Purchase Dates during an Offering as of which Purchase Rights granted pursuant to that Offering shall
be exercised and purchases of shares of Common Stock shall be carried out in accordance with such Offering. 
  
 (c) In connection with each Offering made under the Plan, the Board may specify a maximum number of shares of Common Stock that may be purchased by
any Participant on any Purchase Date during such Offering. In connection with each Offering made under the Plan, the Board may specify a maximum aggregate number of shares of Common Stock that may be purchased by all Participants pursuant to such
Offering. In addition, in connection with each Offering that contains more than one Purchase Date, the Board may specify a maximum aggregate number of shares of Common Stock that may be purchased by all Participants on any Purchase Date under the
Offering. If the aggregate purchase of shares of Common Stock issuable upon exercise of Purchase Rights granted under the Offering would exceed any such maximum aggregate number, then, in the absence of any Board action otherwise, a pro rata
allocation of the shares of Common Stock available shall be made in as nearly a uniform manner as shall be practicable and equitable. 
  

 6. 

 (d) The purchase price of shares of Common Stock acquired pursuant to Purchase Rights shall be not
less than the lesser of: 
  
 (i) an amount equal to
eighty-five percent (85%) of the Fair Market Value of the shares of Common Stock on the Offering Date; or 
  
 (ii) an amount equal to eighty-five percent (85%) of the Fair Market Value of the shares of Common Stock on the applicable Purchase Date.

  
 8. PARTICIPATION; WITHDRAWAL;
TERMINATION. 
  
 (a) A Participant may
elect to authorize payroll deductions pursuant to an Offering under the Plan by completing and delivering to the Company, within the time specified in the Offering, an enrollment form (in such form as the Company may provide). Each such enrollment
form shall authorize an amount of Contributions expressed as a percentage of the submitting Participant’s Earnings (as defined in each Offering) during the Offering (not to exceed the maximum percentage specified by the Board). Each
Participant’s Contributions shall remain the property of the Participant at all times prior to the purchase of Common Stock, but such Contributions may be commingled with the assets of the Company and used for general corporate purposes except
where applicable law requires that Contributions be deposited with an independent third party. To the extent provided in the Offering, a Participant may begin making Contributions after the beginning of the Offering. To the extent provided in the
Offering, a Participant may thereafter reduce (including to zero) or increase his or her Contributions. To the extent specifically provided in the Offering, in addition to making Contributions by payroll deductions, a Participant may make
Contributions through the payment by cash or check prior to each Purchase Date of the Offering. 
  
 (b) During an Offering, a Participant may cease making Contributions and withdraw from the Offering by delivering to the Company a notice of
withdrawal in such form as the Company may provide. Such withdrawal may be elected at any time prior to the end of the Offering, except as provided otherwise in the Offering. Upon such withdrawal from the Offering by a Participant, the Company shall
distribute to such Participant all of his or her accumulated Contributions (reduced to the extent, if any, such Contributions have been used to acquire shares of Common Stock for the Participant) under the Offering, and such Participant’s
Purchase Right in that Offering shall thereupon terminate. A Participant’s withdrawal from an Offering shall have no effect upon such Participant’s eligibility to participate in any other Offerings under the Plan, but such Participant
shall be required to deliver a new enrollment form in order to participate in subsequent Offerings. 
  
 (c) Purchase Rights granted pursuant to any Offering under the Plan shall terminate immediately upon a Participant ceasing to be an Employee for
any reason or for no reason (subject to any post-employment participation period required by law) or other lack of eligibility. The Company shall distribute to such terminated or otherwise ineligible Employee all of his or her accumulated
Contributions (reduced to the extent, if any, such Contributions have been used to acquire shares of Common Stock for the terminated or otherwise ineligible Employee) under the Offering. 
  

 7. 

 (d) Purchase Rights shall not be transferable by a Participant otherwise than by will, the laws of
descent and distribution, or a beneficiary designation as provided in Section 13. During a Participant’s lifetime, Purchase Rights shall be exercisable only by such Participant. 
  
 (e) Unless otherwise specified in an Offering, the Company shall have no obligation to pay interest on Contributions.

  
 9. EXERCISE. 
  
 (a) On each Purchase Date during an Offering, each Participant’s
accumulated Contributions shall be applied to the purchase of shares of Common Stock up to the maximum number of shares of Common Stock permitted pursuant to the terms of the Plan and the applicable Offering, at the purchase price specified in the
Offering. No fractional shares shall be issued upon the exercise of Purchase Rights unless specifically provided for in the Offering. 
  
 (b) If any amount of accumulated Contributions remains in a Participant’s account after the purchase of shares of Common Stock and such
remaining amount is less than the amount required to purchase one share of Common Stock on the final Purchase Date of an Offering, then such remaining amount shall be held in such Participant’s account for the purchase of shares of Common Stock
under the next Offering under the Plan, unless such Participant withdraws from such next Offering, as provided in Section 8(b), or is not eligible to participate in such Offering, as provided in Section 6, in which case such amount shall be
distributed to such Participant after the final Purchase Date, without interest. If the amount of Contributions remaining in a Participant’s account after the purchase of shares of Common Stock is at least equal to the amount required to
purchase one (1) whole share of Common Stock on the final Purchase Date of the Offering, then such remaining amount shall be distributed in full to such Participant at the end of the Offering. 
  
 (c) No Purchase Rights may be exercised to any extent unless the
shares of Common Stock to be issued upon such exercise under the Plan are covered by an effective registration statement pursuant to the Securities Act and the Plan is in material compliance with all laws applicable to the Plan. If on a Purchase
Date during any Offering hereunder the shares of Common Stock are not so registered or the Plan is not in such compliance, no Purchase Rights or any Offering shall be exercised on such Purchase Date, and the Purchase Date shall be delayed until the
shares of Common Stock are subject to such an effective registration statement and the Plan is in such compliance, except that the Purchase Date shall not be delayed more than twelve (12) months and the Purchase Date shall in no event be more than
twenty-seven (27) months from the Offering Date. If, on the Purchase Date under any Offering hereunder, as delayed to the maximum extent permissible, the shares of Common Stock are not registered and the Plan is not in such compliance, no Purchase
Rights or any Offering shall be exercised and all Contributions accumulated during the Offering (reduced to the extent, if any, such Contributions have been used to acquire shares of Common Stock) shall be distributed to the Participants.

  

 8. 

 10. COVENANTS OF THE COMPANY. 
  
 The Company shall seek to obtain from each federal, state, foreign or other
regulatory commission or agency having jurisdiction over the Plan such authority as may be required to issue and sell shares of Common Stock upon exercise of the Purchase Rights. If, after commercially reasonable efforts, the Company is unable to
obtain from any such regulatory commission or agency the authority that counsel for the Company deems necessary for the lawful issuance and sale of shares of Common Stock under the Plan, the Company shall be relieved from any liability for failure
to issue and sell shares of Common Stock upon exercise of such Purchase Rights unless and until such authority is obtained. 
  
 11. USE OF PROCEEDS FROM SHARES OF COMMON
STOCK. 
  
 Proceeds from the sale of shares of
Common Stock pursuant to Purchase Rights shall constitute general funds of the Company. 
  
 12. RIGHTS AS A STOCKHOLDER. 
  
 A Participant shall not be deemed to be the holder of, or to have any of the rights of a holder with respect to, shares of Common Stock subject to
Purchase Rights unless and until the Participant’s shares of Common Stock acquired upon exercise of Purchase Rights are recorded in the books of the Company (or its transfer agent). 
  
 13. DESIGNATION OF BENEFICIARY. 
  
 (a) A Participant may file a written designation of a beneficiary who
is to receive any shares of Common Stock and/or cash, if any, from the Participant’s account under the Plan in the event of such Participant’s death subsequent to the end of an Offering but prior to delivery to the Participant of such
shares of Common Stock or cash. In addition, a Participant may file a written designation of a beneficiary who is to receive any cash from the Participant’s account under the Plan in the event of such Participant’s death during an
Offering. Any such designation shall be on a form provided by or otherwise acceptable to the Company. 
  
 (b) The Participant may change such designation of beneficiary at any time by written notice to the Company. In the event of the death of a
Participant and in the absence of a beneficiary validly designated under the Plan who is living at the time of such Participant’s death, the Company shall deliver such shares of Common Stock and/or cash to the executor or administrator of the
estate of the Participant, or if no such executor or administrator has been appointed (to the knowledge of the Company), the Company, in its sole discretion, may deliver such shares of Common Stock and/or cash to the spouse or to any one or more
dependents or relatives of the Participant, or if no spouse, dependent or relative is known to the Company, then to such other person as the Company may designate. 
  
 14. ADJUSTMENTS UPON CHANGES IN SECURITIES;
CORPORATE TRANSACTIONS. 
  
 (a) If any change is made in the shares of Common Stock, subject to the Plan, or subject to any Purchase Right, without the receipt of consideration by the Company (through merger, consolidation, reorganization, recapitalization,
reincorporation, stock dividend, dividend 
  

 9. 

 in property other than cash, stock split, liquidating dividend, combination of shares, exchange of shares, change in
corporate structure or other transaction not involving the receipt of consideration by the Company), the Plan shall be appropriately adjusted in the type(s), class(es) and maximum number of shares of Common Stock subject to the Plan pursuant to
Section 4, and the outstanding Purchase Rights shall be appropriately adjusted in the type(s), class(es), number of shares and purchase limits of such outstanding Purchase Rights. The Board shall make such adjustments, and its determination shall be
final, binding and conclusive. (Notwithstanding the foregoing, the conversion of any convertible securities of the Company shall not be treated as a “transaction not involving the receipt of consideration by the Company.”) 
  
 (b) In the event of a Corporate Transaction, then: (i) any surviving
or acquiring corporation may continue or assume Purchase Rights outstanding under the Plan or may substitute similar rights (including a right to acquire the same consideration paid to stockholders in the Corporate Transaction) for those outstanding
under the Plan, or (ii) if any surviving or acquiring corporation does not continue or assume such Purchase Rights or does not substitute similar rights for Purchase Rights outstanding under the Plan, then, the Participants’ accumulated
Contributions shall be used to purchase shares of Common Stock within ten (10) business days prior to the Corporate Transaction under the ongoing Offering, and the Participants’ Purchase Rights under the ongoing Offering shall terminate
immediately after such purchase. 
  
 15. AMENDMENT
OF THE PLAN. 
  
 (a) The Board at any time, and from time to time, may amend the Plan. However, except as provided in Section 14 relating to adjustments upon changes in securities and except as to amendments solely to benefit the administration of
the Plan, to take account of a change in legislation or to obtain or maintain favorable tax, exchange control or regulatory treatment for Participants or the Company or any Related Corporation, no amendment shall be effective unless approved by the
stockholders of the Company to the extent stockholder approval is necessary for the Plan to satisfy the requirements of Section 423 of the Code or other applicable laws or regulations. 
  
 (b) It is expressly contemplated that the Board may amend the Plan in any respect the Board deems necessary or
advisable to provide Employees with the maximum benefits provided or to be provided under the provisions of the Code and the regulations promulgated thereunder relating to Employee Stock Purchase Plans or to bring the Plan and/or Purchase Rights
into compliance therewith. 
  
 (c) The rights and
obligations under any Purchase Rights granted before amendment of the Plan shall not be impaired by any amendment of the Plan except: (i) with the consent of the person to whom such Purchase Rights were granted, or (ii) as necessary to comply with
any laws or governmental regulations (including, without limitation, the provisions of the Code and the regulations promulgated thereunder relating to Employee Stock Purchase Plans). 
  
 16. TERMINATION OR SUSPENSION OF THE PLAN.

  
 (a) The Board in its discretion may suspend or
terminate the Plan at any time. Unless sooner terminated, the Plan shall terminate at the time that all of the shares of Common Stock 
  

 10. 

 reserved for issuance under the Plan, as increased and/or adjusted from time to time, have been issued under the terms of
the Plan. No Purchase Rights may be granted under the Plan while the Plan is suspended or after it is terminated. 
  
 (b) Any benefits, privileges, entitlements and obligations under any Purchase Rights while the Plan is in effect shall not be impaired by
suspension or termination of the Plan except (i) as expressly provided in the Plan or with the consent of the person to whom such Purchase Rights were granted, (ii) as necessary to comply with any laws, regulations, or listing requirements, or (iii)
as necessary to ensure that the Plan and/or Purchase Rights comply with the requirements of Section 423 of the Code. 
  
 17. EFFECTIVE DATE OF PLAN. 
  
 The Plan shall become effective on the IPO Date, but no Purchase Rights shall be exercised unless and until the Plan has
been approved by the stockholders of the Company within twelve (12) months before or after the date the Plan is adopted by the Board. 
  
 18. MISCELLANEOUS PROVISIONS. 
  
 (a) The Plan and Offering do not constitute an employment contract. Nothing in the Plan or in the Offering shall in any way alter the at will
nature of a Participant’s employment or be deemed to create in any way whatsoever any obligation on the part of any Participant to continue in the employ of the Company or a Related Corporation, or on the part of the Company or a Related
Corporation to continue the employment of a Participant. 
  
 (b) The provisions of the Plan shall be governed by the law of the State of California without resort to that state’s conflicts of laws rules. 
  

 11. 

 Form of Offering Document 

 CRYOCOR, INC. 
  
 2005 EMPLOYEE STOCK PURCHASE
PLAN 
 OFFERING 
  
 ADOPTED BY THE BOARD OF
DIRECTORS: MARCH 30, 2005 
  
 In
this document, capitalized terms not otherwise defined shall have the same definitions of such terms as in the CryoCor, Inc. 2005 Employee Stock Purchase Plan. 
  

1. Grant; Offering Date. 
  
 (a) The Board hereby authorizes a series of Offerings pursuant to the terms of this Offering document.  
  
 (b) The first Offering hereunder (the “Initial Offering”)
shall begin on the closing date of the initial public offering of the Company’s Common Stock under a registration statement declared effective under the Securities Act (the “IPO Date”) and shall end approximately 24 months following
IPO Date, unless terminated earlier as provided below. After the Initial Offering, an additional new Offering shall begin on the day after the first Purchase Date of the immediately preceding Offering. The first day of an Offering is that
Offering’s “Offering Date.” Except as provided below, each Offering shall be approximately twenty-four (24) months in duration, with four (4) Purchase Periods which shall be six (6) months in length, except for the first and second
Purchase Periods of the Initial Offering which may be longer or shorter and shall be approximately six (6) months in length. Except as provided below, a Purchase Date is the last day of a Purchase Period or of an Offering, as the case may be. The
Initial Offering shall consist of four (4) Purchase Periods with the first Purchase Period of the Initial Offering ending approximately 6 months following IPO date and the second Purchase Period of the Initial Offering ending approximately 12 months
following the IPO date. 
  
 (c) Notwithstanding the
foregoing: (i) if any Offering Date falls on a day that is not a Trading Day, then such Offering Date shall instead fall on the next subsequent Trading Day, and (ii) if any Purchase Date falls on a day that is not a Trading Day, then such Purchase
Date shall instead fall on the immediately preceding Trading Day. 
  
 (d) Prior to the commencement of any Offering, the Board may change any or all terms of such Offering and any subsequent Offerings. The granting of Purchase Rights pursuant to each Offering hereunder shall occur on each respective
Offering Date unless prior to such date (i) the Board determines that such Offering shall not occur, or (ii) no shares of Common Stock remain available for issuance under the Plan in connection with the Offering. 
  
 (e) Notwithstanding anything in this Section 1 to the contrary, if on
the first day of a Purchase Period during an Offering the Fair Market Value of the shares of Common Stock is less 
  

 1. 

 than it was on the Offering Date for that Offering, that day shall become the next Offering Date, the Offering that would
otherwise have continued in effect shall immediately terminate and the Employees who were enrolled in the terminated Offering shall automatically be enrolled in the new Offering that starts such day. 
  
 (f) If the Company’s accountants advise the Company that the
accounting treatment of purchases under the Plan will change or has changed in a manner that the Company determines is detrimental to its best interests, then the Company may, in its discretion, take any or all of the following actions: (i)
terminate each ongoing Offering as of the next Purchase Date (after the purchase of stock on such Purchase Date) under such Offering; (ii) set a new Purchase Date for each ongoing Offering and terminate each such Offering after the purchase of stock
on such Purchase Date; (iii) amend the Plan and each ongoing Offering to reduce or eliminate an accounting treatment that is detrimental to the Company’s best interests and (iv) terminate each ongoing Offering and refund any money contributed
to the Participants. 
  
 2. Eligible Employees. 
  
 (a) Each Eligible Employee who, on the date that is fourteen (14)
days prior to the Offering Date of an Offering hereunder, is (i) an employee of the Company; (ii) an employee of a Subsidiary incorporated in the United States; or (iii) an employee of a Subsidiary that is not incorporated in the United States,
provided that the Board or Committee has designated the employees of such Subsidiary as eligible to participate in the Offering, shall be granted a Purchase Right on the Offering Date of such Offering. 
  
 (b) Notwithstanding the foregoing, the following Employees shall
not be Eligible Employees or be granted Purchase Rights under an Offering: 
  
 (i) part-time or seasonal Employees whose customary employment is twenty (20) hours per week or less; 
  
 (ii) part-time or seasonal Employees whose customary employment is five (5) months per calendar year or less; 
  
 (iii) five percent (5%) stockholders (including ownership through
unexercised and/or unvested stock options) as described in Section 6(c) of the Plan; or 
  
 (iv) Employees in jurisdictions outside of the United States if, as of the Offering Date of the Offering, the grant of such Purchase Rights would not be in compliance with the applicable laws of any
jurisdiction in which the Employee resides or is employed. 
  
 (c) Notwithstanding the foregoing, each person who first becomes an Eligible Employee during an ongoing Offering shall not be able to participate in such Offering. 
  
 3. Purchase Rights. 
  
 (a) Subject to the limitations set forth herein and in the Plan, a Participant’s Purchase Right shall permit the purchase of the number of
shares of Common Stock purchasable with up to fifteen percent (15%) of such Participant’s Earnings paid during the period of such Offering 
  

 2. 

 beginning immediately after such Participant first commences participation; provided, however, that no Participant
may have more than fifteen percent (15%) of such Participant’s Earnings applied to purchase shares of Common Stock under all ongoing Offerings under the Plan and all other plans of the Company and Related Corporations that are intended to
qualify as Employee Stock Purchase Plans. 
  
 (b) For
Offerings hereunder, “Earnings” means the base compensation paid to a Participant, including all salary, wages and overtime pay (including amounts elected to be deferred by the Participant, that would otherwise have been paid, under any
cash or deferred arrangement or other deferred compensation program established by the Company or a Related Corporation), but excluding all of the following: (i) all commissions, bonuses, and other remuneration paid directly to such Participant,
(ii) profit sharing, (iii) the cost of employee benefits paid for by the Company or a Related Corporation, (iv) education or tuition reimbursements, (v) imputed income arising under any Company or a Related Corporation group insurance or benefit
program, (vi) traveling expenses, (vii) business and moving expense reimbursements, (viii) income received in connection with stock options, (ix) contributions made by the Company or a Related Corporation under any employee benefit plan, and (x)
other similar items of compensation. 
  
 (c)
Notwithstanding the foregoing, the maximum number of shares of Common Stock that a Participant may purchase on any Purchase Date in an Offering shall be such number of shares as has a Fair Market Value (determined as of the Offering Date for
such Offering) equal to (x) $25,000 multiplied by the number of calendar years in which the Purchase Right under such Offering has been outstanding at any time, minus (y) the Fair Market Value of any other shares of Common Stock (determined as of
the relevant Offering Date with respect to such shares) that, for purposes of the limitation of Section 423(b)(8) of the Code, are attributed to any of such calendar years in which the Purchase Right is outstanding. The amount in clause (y) of the
previous sentence shall be determined in accordance with regulations applicable under Section 423(b)(8) of the Code based on (i) the number of shares previously purchased with respect to such calendar years pursuant to such Offering or any other
Offering under the Plan, or pursuant to any other Company or Related Corporation plans intended to qualify as Employee Stock Purchase Plans, and (ii) the number of shares subject to other Purchase Rights outstanding on the Offering Date for such
Offering pursuant to the Plan or any other such Company or Related Corporation Employee Stock Purchase Plan.  
  
 (d) The maximum aggregate number of shares of Common Stock available to be purchased by all Participants under an Offering shall be the number of
shares of Common Stock remaining available under the Plan on the Offering Date. If the aggregate purchase of shares of Common Stock upon exercise of Purchase Rights granted under the Offering would exceed the maximum aggregate number of shares
available, the Board shall make a pro rata allocation of the shares available in a uniform and equitable manner. 
  
 (e) Notwithstanding the foregoing, the maximum number of shares of Common Stock that an Eligible Employee may purchase on any Purchase Date shall
not exceed four hundred eighty-three (483) shares. 
  

 3. 

 4. Purchase Price. 
  
 The purchase price of shares of Common Stock under an Offering shall be the lesser of: (i) eighty-five percent (85%) of the Fair Market Value of such
shares of Common Stock on the applicable Offering Date, or (ii) eighty-five percent (85%) of the Fair Market Value of such shares of Common Stock on the applicable Purchase Date, in each case rounded up to the nearest whole cent per share. For the
Initial Offering, the Fair Market Value of the shares of Common Stock at the time when the Offering commences shall be the price per share at which shares are first sold to the public in the Company’s initial public offering as specified in the
final prospectus for that initial public offering. 
  
 5. Participation.

  
 (a) An Eligible Employee may elect to participate
in an Offering on the Offering Date. An Eligible Employee shall elect his or her payroll deduction percentage on such enrollment form as the Company provides. The completed enrollment form must be delivered to the Company prior to the date
participation is to be effective, unless a later time for filing the enrollment form is set by the Company for all Eligible Employees with respect to a given Offering. Payroll deduction percentages must be expressed in whole percentages of Earnings,
with a minimum percentage of one percent (1%) and a maximum percentage of fifteen percent (15%). Except as provided in paragraph (f) below with respect to the Initial Offering, Contributions may be made only by way of payroll deductions. 

 
 (b) A Participant may increase or decrease his or her participation
level at any time during an Offering with such change to be effective commencing as of the next Purchase Period. Any such increase or decrease in participation level shall be made by delivering a notice to the Company or a designated Subsidiary in
such form as the Company provides prior to the ten (10) day period (or such shorter period of time as determined by the Company and communicated to Participants) immediately preceding the next Purchase Period for which it is to commence. 

 
 (c) A Participant may decrease (including a decrease to zero
percent (0%)) his or her participation level no more than twice during a Purchase Period (and the second decrease in participation level must be to zero percent (0%)). Any such change in participation level shall be made by delivering a notice to
the Company or a designated Related Corporation in such form as the Company provides prior to the ten (10) day period (or such shorter period of time as determined by the Company and communicated to Participants) immediately preceding the next
Purchase Date of the Purchase Period for which it is to be effective. Such change will become effective as soon as administratively practicable following the Company’s receipt of the notice. 
  
 (d) A Participant may withdraw from an Offering and receive a refund
of his or her Contributions (reduced to the extent, if any, such Contributions have been used to acquire shares of Common Stock for the Participant on any prior Purchase Date) without interest, at any time prior to the end of the Offering, excluding
only each ten (10) day period immediately preceding a Purchase Date (or such shorter period of time determined by the Company and communicated to Participants), by delivering a withdrawal notice to the Company or a designated Subsidiary in such form
as the Company provides. A Participant who has withdrawn from an Offering shall not again participate in such Offering, but may participate in subsequent Offerings under the Plan in accordance with the terms of the Plan and the terms of such
subsequent Offerings. 
  

 4. 

 (e) Notwithstanding the foregoing or any other provision of this Offering document or of the Plan
to the contrary, neither the enrollment of any Eligible Employee in the Plan nor any forms relating to participation in the Plan shall be given effect until such time as a registration statement covering the registration of the shares under the Plan
that are subject to the Offering has been filed by the Company and has become effective. 
  
 (f) Notwithstanding the foregoing or any other provision of this Offering document or of the Plan to the contrary, with respect to the Initial Offering only, each Eligible Employee who is employed on the IPO
Date automatically shall be enrolled in the Initial Offering, with a Purchase Right to purchase up to the number of shares of Common Stock that are purchasable with fifteen percent (15%) of the Eligible Employee’s Earnings, subject to the
limitations set forth in Section 3(c) and 3(d) above. Following the filing of an effective registration statement pursuant to a Form S-8, such Eligible Employee shall be provided a certain period of time, as determined by the Company in its sole
discretion, within which to elect to authorize payroll deductions for the purchase of shares during the Initial Offering (which may be for a percentage that is less than fifteen percent (15%) of the Eligible Employee’s Earnings). If such
Eligible Employee elects not to authorize such payroll deductions, the Eligible Employee instead may purchase shares of Common Stock under the Plan by delivering a single cash payment for the purchase of such shares to the Company or a designated
Subsidiary prior to the ten (10) day period (or such shorter period of time as determined by the Company and communicated to Participants) immediately preceding the Purchase Date under the Initial Offering. If an Eligible Employee neither elects to
authorize payroll deductions nor chooses to make a cash payment in accordance with the foregoing sentence, then the Eligible Employee shall not purchase any shares of Common Stock during the Initial Offering. After the end of the Initial Offering,
in order to participate in any subsequent Offerings, an Eligible Employee must enroll and authorize payroll deductions prior to the commencement of the Offering, in accordance with paragraph (a) above; provided, however, that once an Eligible
Employee enrolls in an Offering and authorizes payroll deductions (including in connection with the Initial Offering), the Eligible Employee automatically shall be enrolled for all subsequent Offerings until he or she elects to withdraw from an
Offering pursuant to paragraph (c) above or terminates his or her participation in the Plan. 
  
 6. Purchases. 
  
 Subject
to the limitations contained herein, on each Purchase Date, each Participant’s Contributions (without any increase for interest) shall be applied to the purchase of whole shares, up to the maximum number of shares permitted under the Plan and
the Offering. 
  
 7. Notices and Agreements. 
  
 Any notices or agreements provided for in an Offering or the Plan shall be
given in writing, in a form provided by the Company, and unless specifically provided for in the Plan or this Offering, shall be deemed effectively given upon receipt or, in the case of notices and agreements delivered by the Company, five (5) days
after deposit in the United States mail, postage prepaid. 
  

 5. 

 8. Exercise Contingent on Stockholder Approval. 
  
 The Purchase Rights granted under an Offering are subject to the approval of the Plan by the stockholders of the Company as
required for the Plan to obtain treatment as an Employee Stock Purchase Plan. 
  
 9. Offering Subject to Plan. 
  
 Each Offering is
subject to all the provisions of the Plan, and the provisions of the Plan are hereby made a part of the Offering. The Offering is further subject to all interpretations, amendments, rules and regulations which may from time to time be promulgated
and adopted pursuant to the Plan. In the event of any conflict between the provisions of an Offering and those of the Plan (including interpretations, amendments, rules and regulations which may from time to time be promulgated and adopted pursuant
to the Plan), the provisions of the Plan shall control. 
  

 6.Five-Year Credit Agreement, dated as of July 7, 2005

 Exhibit 10.1 
  
 EXECUTION COPY 
  
 FIVE-YEAR CREDIT AGREEMENT 
  
 dated as of 
  
 July 7, 2005 
  
 among 
  
 AMERICAN STANDARD COMPANIES INC. 
  
 AMERICAN STANDARD INC. 
  
 AMERICAN STANDARD INTERNATIONAL INC. 
  
 The Borrowing Subsidiaries Party Hereto 
  
 The Lenders Party Hereto 
  
 and 
  
 JPMORGAN CHASE BANK, N.A., 
 as Administrative Agent, Issuing Bank and Swingline Lender 
  
 J.P. MORGAN EUROPE LIMITED, 
 as London Agent 
  
 J.P. MORGAN EUROPE LIMITED, 
 as Belgian Agent 
  
 JPMORGAN CHASE
BANK, N.A., TORONTO BRANCH, 
 as Canadian Agent 
  
 BANK OF AMERICA, N.A., 
 as Syndication Agent

  
 ABN AMRO BANK N.V. 
 CITICORP USA, INC. 
 MIZUHO CORPORATE BANK,
LTD., 
 as Documentation Agents 
  
 LLOYDS TSB BANK PLC, 
 as Co-Documentation Agent

  

  

			
	J.P. MORGAN SECURITIES, INC.	 	BANC OF AMERICA SECURITIES LLC

  
 As Lead Arrangers
and Joint Bookrunners 
  

 TABLE OF CONTENTS 
  

							
	 	 	 	  	 	  	Page

	ARTICLE I
	
	Definitions
				
	 	 	SECTION 1.01.	  	 Defined Terms
	  	2
	 	 	SECTION 1.02.	  	 Classification of Loans and Borrowings
	  	27
	 	 	SECTION 1.03.	  	 Terms Generally
	  	27
	 	 	SECTION 1.04.	  	 Accounting Terms; GAAP
	  	28
	 	 	SECTION 1.05.	  	 Exchange Rates
	  	28
	
	ARTICLE II
	
	The Credits
				
	 	 	SECTION 2.01.	  	 Commitments
	  	29
	 	 	SECTION 2.02.	  	 Loans and Borrowings; Pro Rata Usage of Tranches
	  	30
	 	 	SECTION 2.03.	  	 Requests for Revolving Borrowings
	  	31
	 	 	SECTION 2.04.	  	 Competitive Bid Procedure
	  	32
	 	 	SECTION 2.05.	  	 Letters of Credit
	  	34
	 	 	SECTION 2.06.	  	 Swingline Loans
	  	38
	 	 	SECTION 2.07.	  	 Funding of Borrowings
	  	40
	 	 	SECTION 2.08.	  	 Interest Elections
	  	41
	 	 	SECTION 2.09.	  	 Termination, Reduction and Increase of Commitments; Adjustment of Tranche Commitments
	  	43
	 	 	SECTION 2.10.	  	 Repayment of Loans; Evidence of Debt
	  	47
	 	 	SECTION 2.11.	  	 Prepayment of Loans
	  	48
	 	 	SECTION 2.12.	  	 Fees
	  	49
	 	 	SECTION 2.13.	  	 Interest
	  	50
	 	 	SECTION 2.14.	  	 Alternate Rate of Interest
	  	51
	 	 	SECTION 2.15.	  	 Increased Costs
	  	52
	 	 	SECTION 2.16.	  	 Break Funding Payments
	  	54
	 	 	SECTION 2.17.	  	 Taxes
	  	54
	 	 	SECTION 2.18.	  	 Payments Generally; Pro Rata Treatment; Sharing of Set-offs
	  	56
	 	 	SECTION 2.19.	  	 Mitigation Obligations; Replacement of Lenders
	  	58
	 	 	SECTION 2.20.	  	 Borrowing Subsidiaries
	  	59
	 	 	SECTION 2.21.	  	 Additional Reserve Costs
	  	59
	 	 	SECTION 2.22.	  	 Redenomination of Certain Designated Foreign Currencies
	  	60

  

 ii 

							
	
	ARTICLE III
	
	Representations and Warranties
				
	 	 	SECTION 3.01.	  	Organization and Qualification	  	61
	 	 	SECTION 3.02.	  	Corporate Authority and Validity of Obligations	  	61
	 	 	SECTION 3.03.	  	Margin Stock	  	61
	 	 	SECTION 3.04.	  	Financial Reports	  	62
	 	 	SECTION 3.05.	  	No Material Adverse Effect	  	62
	 	 	SECTION 3.06.	  	Litigation	  	62
	 	 	SECTION 3.07.	  	Tax Returns	  	62
	 	 	SECTION 3.08.	  	Approvals	  	62
	 	 	SECTION 3.09.	  	ERISA	  	62
	 	 	SECTION 3.10.	  	Environmental Matters	  	63
	 	 	SECTION 3.11.	  	Properties	  	63
	 	 	SECTION 3.12.	  	Compliance with Laws	  	63
	 	 	SECTION 3.13.	  	Investment and Holding Company Status	  	63
	 	 	SECTION 3.14.	  	Disclosure	  	63
	
	ARTICLE IV
	
	Conditions
				
	 	 	SECTION 4.01.	  	Effective Date	  	64
	 	 	SECTION 4.02.	  	Each Borrowing	  	65
	 	 	SECTION 4.03.	  	Initial Borrowing by each Borrowing Subsidiary	  	66
	
	ARTICLE V
	
	Affirmative Covenants
				
	 	 	SECTION 5.01.	  	Corporate Existence	  	66
	 	 	SECTION 5.02.	  	Maintenance of Properties	  	66
	 	 	SECTION 5.03.	  	Taxes	  	67
	 	 	SECTION 5.04.	  	Insurance	  	67
	 	 	SECTION 5.05.	  	Financial Reports and Other Information	  	67
	 	 	SECTION 5.06.	  	Books and Records; Inspection Rights	  	69
	 	 	SECTION 5.07.	  	Compliance with Laws	  	69
	
	ARTICLE VI
	
	Negative Covenants
				
	 	 	SECTION 6.01.	  	Liens	  	70
	 	 	SECTION 6.02.	  	Subsidiary Indebtedness	  	72
	 	 	SECTION 6.03.	  	Fundamental Changes	  	73
	 	 	SECTION 6.04.	  	Use of Proceeds	  	73

  

 iii 

							
	 	 	SECTION 6.05.	  	Ratio of Consolidated Total Debt to Consolidated EBITDA	  	74
	 	 	SECTION 6.06.	  	Ratio of Consolidated Free Cash Flow to Consolidated Interest Expense	  	74
	
	ARTICLE VII
	
	Events of Default and CAM
				
	 	 	SECTION 7.01.	  	Events of Default	  	74
	 	 	SECTION 7.02.	  	CAM Exchange	  	76
	 	 	SECTION 7.03.	  	Letters of Credit	  	77
	
	ARTICLE VIII
	
	The Agents
	
	ARTICLE IX
	
	Guarantee
	
	ARTICLE X
	
	Miscellaneous
				
	 	 	SECTION 10.01.	  	Notices	  	82
	 	 	SECTION 10.02.	  	Waivers; Amendments	  	83
	 	 	SECTION 10.03.	  	Expenses; Indemnity; Damage Waiver	  	85
	 	 	SECTION 10.04.	  	Successors and Assigns	  	87
	 	 	SECTION 10.05.	  	Survival	  	90
	 	 	SECTION 10.06.	  	Counterparts; Integration; Effectiveness	  	91
	 	 	SECTION 10.07.	  	Severability	  	91
	 	 	SECTION 10.08.	  	Right of Setoff	  	91
	 	 	SECTION 10.09.	  	Governing Law; Jurisdiction; Consent to Service of Process	  	91
	 	 	SECTION 10.10.	  	WAIVER OF JURY TRIAL	  	92
	 	 	SECTION 10.11.	  	Headings	  	92
	 	 	SECTION 10.12.	  	Confidentiality	  	93
	 	 	SECTION 10.13.	  	Interest Rate Limitation	  	93
	 	 	SECTION 10.14.	  	Conversion of Currencies	  	94
	 	 	SECTION 10.15.	  	Termination of Certain Covenants	  	94
	 	 	SECTION 10.16.	  	USA Patriot Act	  	95

  

					
	 SCHEDULES
	  	 	  	 
			
	Schedule 1.01	  	—	  	Approved Issuing Bank Affiliates
	Schedule 2.01	  	—	  	Commitments

  

 iv 

					
	Schedule 2.05(j)	  	—	  	Existing Letters of Credit
	Schedule 2.18	  	—	  	Payment Accounts
	Schedule 3.06	  	—	  	Litigation
	Schedule 3.10	  	—	  	Environmental Matters
	Schedule 6.01	  	—	  	Existing Liens
	Schedule 6.02	  	—	  	Existing Subsidiary Indebtedness

  

					
	EXHIBITS:	  	 	  	 
			
	Exhibit A	  	—	  	Form of Assignment and Assumption
	Exhibit B-1	  	—	  	Form of Borrowing Subsidiary Agreement
	Exhibit B-2	  	—	  	Form of Borrowing Subsidiary Termination
	Exhibit C	  	—	  	Reserve Costs
	Exhibit D-1	  	—	  	Form of Opinion of Mary Elizabeth Gustafsson, General Counsel
	Exhibit D-2	  	—	  	Form of Opinion of McDermott Will & Emery LLP, Counsel for the Borrowers
	Exhibit E	  	—	  	Form of Compliance Certificate
	Exhibit F	  	—	  	Form of Note

  
  

 v 

 FIVE-YEAR CREDIT AGREEMENT dated as of July 7, 2005, among AMERICAN STANDARD COMPANIES
INC., a Delaware corporation (“Holdings”); AMERICAN STANDARD INC., a Delaware corporation (the “Company”); AMERICAN STANDARD INTERNATIONAL INC., a Delaware corporation (“ASII”); the BORROWING
SUBSIDIARIES from time to time party hereto (the “Borrowing Subsidiaries”, and, together with the Company and ASII, the “Borrowers”); the LENDERS from time to time party hereto; JPMORGAN CHASE BANK, N.A., as
Administrative Agent, as Issuing Bank and as Swingline Lender; J.P. MORGAN EUROPE LIMITED, as London Agent; J.P. MORGAN EUROPE LIMITED, as Belgian Agent; JPMORGAN CHASE BANK, N.A., as Canadian Agent; BANK OF AMERICA, N.A., as Syndication Agent; and
ABN AMRO BANK N.V., CITICORP USA, INC. and MIZUHO CORPORATE BANK, LTD., as Documentation Agents; and LLOYDS TSB BANK PLC, as Co-Documentation Agent. 
  
 The Borrowers have requested the Lenders (such term and each other capitalized term used and not otherwise defined herein having the meaning assigned to
it in Article I) to extend credit in the form of (a) US Tranche Commitments under which the Borrowers may obtain Loans in US Dollars and one or more Designated Foreign Currencies in an aggregate principal amount at any one time outstanding not in
excess of US$750,000,000, (b) Belgian Tranche Commitments under which the Belgian Borrowing Subsidiaries may obtain Loans in Euro and Sterling and the Borrowers may obtain Loans in US Dollars and one or more Designated Foreign Currencies in an
aggregate principal amount at any one time outstanding not in excess of US$250,000,000, (c) Letters of Credit in US Dollars, Sterling, Euro and Canadian Dollars in an aggregate stated amount at any time outstanding not in excess of US$250,000,000
and (d) Swingline Loans (i) to the Borrowers in US Dollars in an aggregate principal amount at any time outstanding not in excess of US$75,000,000 (as such amount may be adjusted from time to time pursuant to Section 2.06(d)), (ii) to the Borrowers
in Sterling or Euro in an aggregate principal amount outstanding at any time not in excess of US$75,000,000 (as such amount may be adjusted from time to time pursuant to Section 2.06(d)) and (iii) to the Belgian Borrowing Subsidiaries in Euro in an
aggregate principal amount outstanding at any time not in excess of an amount that may be designated from time to time pursuant to Section 2.06(d). The Borrowers have also requested the Lenders to provide a procedure pursuant to which the Borrowers
may invite the Lenders to bid on an uncommitted basis on short-term Loans to the Borrowers. The proceeds of Borrowings hereunder on the Effective Date are to be used to refinance existing Indebtedness of the Borrowers under the Existing Credit
Agreement; proceeds of subsequent Borrowings hereunder, and the Letters of Credit issued hereunder, are to be used for working capital and for general corporate purposes (including repayment of commercial paper and other Indebtedness, to the extent
issued). 

 The Lenders are willing to establish the credit facilities referred to in the preceding paragraph upon
the terms and subject to the conditions set forth herein. Accordingly, the parties hereto agree as follows: 
  
 ARTICLE I 
  
 Definitions 
  
 SECTION 1.01. Defined
Terms. As used in this Agreement, the following terms have the meanings specified below: 
  
 “ABR”, when used in reference to any Loan or Borrowing, refers to whether such Loan, or the Loans comprising such Borrowing, are bearing interest at a rate determined by reference to the Alternate
Base Rate. 
  
 “Administrative Agent” means
JPMorgan Chase Bank, N.A., in its capacity as administrative agent for the Lenders hereunder, or any successor thereto appointed in accordance with Article VIII. 
  
 “Administrative Questionnaire” means an Administrative Questionnaire in a form supplied by the
Administrative Agent. 
  
 “Affiliate” means, with
respect to a specified Person, another Person that directly, or indirectly through one or more intermediaries, Controls or is Controlled by or is under common Control with the Person specified. 
  
 “Agents” means, collectively, the Administrative Agent, the
London Agent, the Belgian Agent and the Canadian Agent. 
  
 “Agreement Currency” has the meaning assigned to such term in Section 10.14(b). 
  
 “Alternate Base Rate” means, for any day, a rate per annum equal to the greater of (a) the Prime Rate in effect on such day and (b) the
Federal Funds Effective Rate in effect on such day plus 1⁄2 of 1%. Any change in the Alternate Base Rate due to a change in the Prime Rate or the Federal Funds Effective Rate shall be effective from and including the effective date of such change
in the Prime Rate, or the Federal Funds Effective Rate, respectively. 
  
 “Applicable Agent” means (a) with respect to any Loan, Borrowing or Letter of Credit denominated in US Dollars, or with respect to any payment that does not relate to any particular Loan or Borrowing, the Administrative
Agent, (b) with respect to any Loan, Borrowing or Letter of Credit denominated in any Designated Foreign Currency (other than (i) any Loan or Borrowing to or by a Belgian Borrowing Subsidiary pursuant to the Belgian Tranche Commitments and (ii) any
Loan or Borrowing to or by a Canadian Borrowing Subsidiary denominated in Canadian Dollars), the London Agent, (c) with respect to any Loan or Borrowing to or by a Belgian Borrowing Subsidiary pursuant to the Belgian Tranche Commitments, the Belgian
Agent, and (d) with respect to any Loan or Borrowing to or by a Canadian Borrowing Subsidiary denominated in Canadian Dollars, the Canadian Agent. 
  

 2 

 “Applicable Creditor” has the meaning assigned to such term in Section 10.14(b).

  
 “Applicable Percentage” means, with respect
to any Lender, the percentage of the aggregate Commitments represented by the aggregate amount of such Lender’s Commitments. If the Commitments have terminated or expired, the Applicable Percentages shall be determined based upon the
Commitments most recently in effect, giving effect to any assignments. 
  
 “Applicable Rate” means, for any day, with respect to any Eurocurrency Revolving Loan or with respect to the facility fees payable hereunder, as the case may be, the applicable rate per annum set forth below under the
caption “Eurocurrency Spread” or “Facility Fee Rate”, as the case may be, based upon the Index Ratings in effect on such date: 
  

							
	 Index Ratings
 (S&P/Moody’s)

	  	 Eurocurrency
 Spread

	 	 	Facility Fee Rate

	 
	 Category 1
 Baa1/BBB+ or higher
	  	0.350	%	 	0.100	%
	 Category 2
 Baa2/BBB
	  	0.440	%	 	0.110	%
	 Category 3
 Baa3/BBB-
	  	0.500	%	 	0.125	%
	 Category 4
 Ba1/BB+
	  	0.700	%	 	0.175	%
	 Category 5
 lower than Ba1/BB+
	  	1.000	%	 	0.250	%

  
 For purposes of the foregoing, (i) if
either Moody’s or S&P shall not have in effect an Index Rating as a result of any action or inaction on the part of Holdings or any Subsidiary, then such rating agency shall be deemed to have established an Index Rating in Category 5; (ii)
if the Index Ratings established or deemed to have been established by Moody’s and S&P shall fall within different Categories, the Applicable Rate shall be based on the higher of the two ratings unless one of the two ratings is two or more
Categories lower than the other, in which case the Applicable Rate shall be determined by reference to the Category next above that of the lower of the two ratings and (iii) if the Index Ratings established or deemed to have been established by
Moody’s and S&P shall be changed (other than as a result of a change in the rating system of Moody’s or S&P), such change shall be effective as of the date on which it is first announced by the applicable rating agency. Each change
in the Applicable Rate shall apply during the 

  

 3 

 
period commencing on the effective date of such change and ending on the date immediately preceding the effective date of the next such change. If the rating
system of Moody’s or S&P shall change, or if either such rating agency shall cease to be in the business of rating corporate debt obligations, or if Moody’s or S&P shall not have in effect an Index Rating other than as a result of
any action or inaction on the part of Holdings or any Subsidiary, the Borrower Agent and the Administrative Agent, on behalf of the Lenders, shall negotiate in good faith to amend this definition to reflect such changed rating system or the
unavailability of ratings from such rating agency and, pending the effectiveness of any such amendment, the Applicable Rate shall be determined by reference to the rating most recently in effect prior to such change or cessation. 
  
 “ASII” has the meaning assigned to such term in the heading
of this Agreement. 
  
 “Assignment and
Assumption” means an assignment and assumption entered into by a Lender and an assignee (with the consent of any party whose consent is required by Section 10.04), and accepted by the Administrative Agent, in the form of Exhibit A or any
other form approved by the Administrative Agent and the Borrower Agent. 
  
 “Australian Dollars” or “A$” means the lawful money of the Commonwealth of Australia. 
  
 “Availability Period” means the period from and including the Effective Date to but excluding the earlier of the Maturity Date and the
date of termination of the Commitments. 
  
 “Belgian
Agent” means JPMEL, in its capacity as Belgian agent for the Lenders hereunder, or any successor thereto appointed in accordance with Article VIII. 
  
 “Belgian Borrowing Subsidiary” means any Subsidiary that is incorporated or otherwise organized under the laws of Belgium or any
political subdivision thereof that has been designated as such pursuant to Section 2.20 and that has not ceased to be a Belgian Borrowing Subsidiary as provided in such Section. 
  
 “Belgian Lending Office” means, as to any Belgian Tranche Lender, the applicable branch, office or
Affiliate of such Belgian Tranche Lender designated by such Belgian Tranche Lender to make Loans in Euro and Sterling to the Belgian Borrowing Subsidiaries. 
  
 “Belgian Tranche Commitment” means, with respect to each Belgian Tranche Lender, the commitment of such Belgian Tranche Lender to make
Belgian Tranche Revolving Loans pursuant to Section 2.01(b) and to acquire participations in Belgian Tranche Swingline Loans pursuant to Section 2.06, expressed as an amount representing the maximum aggregate permitted amount of such Lender’s
Belgian Tranche Revolving Credit Exposure hereunder, as such commitment may be (a) reduced or increased from time to time pursuant to Section 2.09 and (b) reduced or increased from 

  

 4 

 
time to time pursuant to assignments by or to such Lender pursuant to Section 10.04. The initial amount of each Belgian Tranche Lender’s Belgian Tranche
Commitment is set forth on Schedule 2.01, or in the Assignment and Assumption pursuant to which such Belgian Tranche Lender shall have assumed its Belgian Tranche Commitment, as applicable. The aggregate amount of the Belgian Tranche Commitments on
the date hereof is US$250,000,000. 
  
 “Belgian Tranche
Lender” means a Lender with a Belgian Tranche Commitment or with outstanding Belgian Tranche Revolving Loans. All references herein to a “Belgian Tranche Lender” shall be deemed to refer to such Lender solely in its capacity as
such, notwithstanding that such Lender may also be a US Tranche Lender. 
  
 “Belgian Tranche Percentage” means, with respect to any Belgian Tranche Lender, the percentage of the aggregate Belgian Tranche Commitments represented by such Lender’s Belgian Tranche Commitment. If the Belgian
Tranche Commitments have terminated or expired, the Belgian Tranche Percentages shall be determined based upon the Belgian Tranche Commitments most recently in effect, giving effect to any assignments. 
  
 “Belgian Tranche Revolving Borrowing” means a Borrowing
comprised of Belgian Tranche Revolving Loans. 
  
 “Belgian
Tranche Revolving Credit Exposure” means, at any time, the sum of (a) the aggregate principal amount of the Belgian Tranche Revolving Loans denominated in US Dollars at such time, (b) the aggregate principal amount of the US Dollar
Equivalents of the Belgian Tranche Revolving Loans denominated in Sterling and Euro outstanding at such time, and (c) the aggregate Belgian Tranche Swingline Exposure at such time. The Belgian Tranche Revolving Credit Exposure of any Lender at any
time shall be such Lender’s Belgian Tranche Percentage of the total Belgian Tranche Revolving Credit Exposure at such time. 
  
 “Belgian Tranche Revolving Loan” means a Loan made by a Belgian Tranche Lender pursuant to Section 2.01(b). Each Belgian Tranche
Revolving Loan denominated in US Dollars shall be a Eurocurrency Loan or an ABR Loan. Each Belgian Tranche Revolving Loan denominated in Sterling or Euro shall be a Eurocurrency Loan. 
  
 “Belgian Tranche Swingline Exposure” means, at any time, the aggregate of the US Dollar Equivalents of the
principal amounts of all Belgian Tranche Swingline Loans outstanding at such time. The Belgian Tranche Swingline Exposure of any Belgian Tranche Lender at any time shall be such Lender’s Belgian Tranche Percentage of the aggregate Belgian
Tranche Swingline Exposure. 
  
 “Belgian Swingline
Sublimit” shall mean $0, as such amount may be adjusted in accordance with Section 2.06(d). 
  
 “Belgian Tranche Swingline Loan” means a Loan made pursuant to Section 2.06(a)(ii). 
  

 5 

 “Board” means the Board of Governors of the Federal Reserve System of the United States
of America. 
  
 “Borrower” means the Company,
ASII or any Borrowing Subsidiary. 
  
 “Borrower
Agent” means Holdings, which for convenience shall act on behalf of the Borrowers for purposes of giving and receiving certain notices and taking certain other actions as more fully set forth herein. 
  
 “Borrowing” means (a) Revolving Loans of the same Type and
currency made, converted or continued on the same date and, in the case of Eurocurrency Loans, as to which a single Interest Period is in effect, (b) a Competitive Loan or group of Competitive Loans of the same Type and currency made on the same
date and as to which a single Interest Period is in effect or (c) a Swingline Loan. 
  
 “Borrowing Minimum” means (a) in the case of a Borrowing denominated in US Dollars, US$5,000,000 (or, in the case of a Swingline Borrowing, US$1,000,000) and (b) in the case of a Borrowing denominated
in any Designated Foreign Currency, the smallest integral multiple of 1,000,000 units (or, in the case of Sterling, 500,000 units) of such currency that has a US Dollar Equivalent at least equal to US$5,000,000. 
  
 “Borrowing Multiple” means (a) in the case of a Borrowing
denominated in US Dollars, US$1,000,000 and (b) in the case of a Borrowing denominated in any other currency, 1,000,000 units (or, in the case of Sterling, 500,000 units) of such currency. 
  
 “Borrowing Request” means a request by a Borrower for a
Revolving Borrowing in accordance with Section 2.03. 
  
 “Borrowing Subsidiary” means, at any time, each of the Subsidiaries that (a) is named on the signature pages to this Agreement or (b) has been designated as a Borrowing Subsidiary by the Borrower Agent pursuant to Section
2.20, other than any such Subsidiary that has ceased to be a Borrowing Subsidiary as provided in Section 2.20. 
  
 “Borrowing Subsidiary Agreement” means a Borrowing Subsidiary Agreement substantially in the form of Exhibit B-1. 
  
 “Borrowing Subsidiary Termination” means a Borrowing
Subsidiary Termination substantially in the form of Exhibit B-2. 
  
 “Business Day” means any day that is not a Saturday or a Sunday; provided that (a) when used in connection with a Loan or Letter of Credit denominated in US Dollars, the term “Business Day” shall
also exclude any day on which commercial banks in New York City are authorized or required by law to remain closed; (b) when used in connection with (i) a Eurocurrency Loan or (ii) a Fixed Rate Loan or Letter of Credit denominated in a Designated
Foreign Currency, the term “Business Day” shall also exclude any day on which banks are not open for dealings in deposits in the 

  

 6 

 
applicable currency in the London interbank market, (c) when used in connection with a Loan or Letter of Credit denominated in Euro, the term
“Business Day” shall also exclude any day on which the TARGET payment system is not open for the settlement of payments in Euro, (d) when used in connection with a Eurocurrency Loan, Fixed Rate Loan or Letter of Credit denominated
in a Designated Foreign Currency other than Euro, the term “Business Day” shall also exclude any day on which banks are not open for dealings in deposits in the applicable Designated Foreign Currency in the principal financial
center of the country of such Designated Foreign Currency, (e) when used in connection with any Loan or Borrowing to or by a Belgian Borrowing Subsidiary pursuant to the Belgian Tranche Commitments, the term “Business Day” shall
also exclude any day on which banks are not open for dealings in deposits in Brussels, and (f) when used in connection with any Loan or Borrowing to or by a Canadian Borrowing Subsidiary denominated in Canadian Dollars, the term “Business
Day” shall also exclude any day on which banks are not open for dealings in deposits in Toronto or Montreal. 
  
 “Calculation Date” means (a) the last Business Day of each calendar quarter and (b) solely with respect to any Designated Foreign
Currency for a requested new Borrowing for which an Exchange Rate was not established on the immediately preceding Calculation Date, the Business Day immediately preceding the date on which such Borrowing is to be made, provided that the
Administrative Agent may in addition designate the last day of any other month as a Calculation Date if it reasonably determines that there has been significant volatility in the foreign currency markets since the most recent Calculation Date.

  
 “CAM” means the mechanism for the allocation
and exchange of interests in Loans and other extensions of credit under the several Tranches and collections thereunder established under Section 7.02. 
  
 “CAM Exchange” means the exchange of the Lender’s interests provided for in Section 7.02. 
  
 “CAM Exchange Date” means the date on which any event
referred to in paragraph (g) or (h) of Section 7.01 shall occur in respect of Holdings, the Company or ASII. 
  
 “CAM Percentage” means, as to each Lender, a fraction, expressed as a decimal, of which (a) the numerator shall be the aggregate US
Dollar Equivalent (determined on the basis of Exchange Rates prevailing on the CAM Exchange Date) of the Designated Obligations owed to such Lender (whether or not at the time due and payable) and such Lender’s participations in undrawn amounts
of Letters of Credit immediately prior to the CAM Exchange Date and (b) the denominator shall be the aggregate US Dollar Equivalent (as so determined) of the Designated Obligations owed to all the Lenders (whether or not at the time due and payable)
and the aggregate undrawn amount of outstanding Letters of Credit immediately prior to the CAM Exchange Date. 
  

 7 

 “Canadian Agent” means JPMorgan Chase Bank, N.A., Toronto Branch, in its capacity as
Canadian agent for the Lenders hereunder, or any successor thereto appointed in accordance with Article VIII. 
  
 “Canadian Borrowing Subsidiary” means a Borrowing Subsidiary that is organized in Canada or a political subdivision thereof. 

 
 “Canadian Dollars” or “C$” means the
lawful money of Canada. 
  
 “Capital Lease”, as
applied to any Person, means any lease of any property (whether real, personal or mixed) by that Person as lessee which, in accordance with GAAP, is or should be accounted for as a capital lease on the balance sheet of that Person. 
  
 “Capital Lease Obligations” of any person means the
obligations of such person to pay rent or other amounts under any lease of (or other arrangement conveying the right to use) real or personal property, or a combination thereof, which obligations are required to be classified and accounted for as
capital leases on a balance sheet of such person under GAAP applied on a consistent basis 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 applied on a consistent basis. 
  
 “Cash Pooling Arrangement” means an arrangement among a single depository institution and two or more Non-US Subsidiaries involving the pooling of cash deposits by such Non-US Subsidiaries for cash management purposes.

  
 A “Change in Control” shall be deemed to have
occurred if at any time (a) any Person or group of Persons (within the meaning of Section 13 or 14 of the Securities Exchange Act of 1934, as amended, or the rules of the SEC thereunder) shall have acquired beneficial ownership (within the meaning
of Rule 13d-3 of the SEC) of Equity Interests representing 50% or more in voting power of the outstanding Voting Stock of Holdings, (b) a majority of the Board of Directors of Holdings shall at any time not consist of (i) individuals who shall have
been members of the Board of Directors of Holdings on the date hereof and (ii) individuals whose nomination or election to such Board of Directors shall have been recommended or approved by a vote of a majority of the members of such Board of
Directors described in the preceding clause (i) or in this clause (ii), or (c) either the Company or ASII (or the successor of either such corporation in a merger permitted under Section 6.03(a)(iii)) shall not be a Wholly Owned Subsidiary of
Holdings. 
  
 “Change in Law” means (a) the
adoption of any law, rule or regulation after the date of this Agreement, (b) any change in any law, rule or regulation or in the interpretation or application thereof by any Governmental Authority after the date of this Agreement or (c) compliance
by any Lender or any Issuing Bank, or by any lending or issuing office of such Lender or Issuing Bank or by such Lender’s or such Issuing Bank’s holding company, if any, with any request, guideline or directive of any Governmental
Authority made or issued after the date of this Agreement, to the extent such request, guideline or directive has the force of law or is of a type generally complied with by financial institutions under the jurisdiction of such Governmental
Authority. 
  

 8 

 “Class”, when used in reference to (a) any Loan or Borrowing, refers to whether such
Loan, or the Loans comprising such Borrowing, are US Tranche Revolving Loans, Belgian Tranche Revolving Loans, Competitive Loans or Swingline Loans and (b) any Commitment, refers to whether such Commitment is a US Tranche Commitment or a Belgian
Tranche Commitment. 
  
 “Class I Termination
Condition” means that the Index Ratings shall be at least Baa2 and BBB, respectively. 
  
 “Class II Termination Condition” means that the Index Ratings shall be at least A3 and A-, respectively. 
  
 “Code” means the Internal Revenue Code of 1986, as amended from time to time. 
  
 “Commitment” means a US Tranche Commitment or a Belgian
Tranche Commitment. 
  
 “Company” has the meaning
assigned to such term in the heading of this Agreement. 
  
 “Competitive Bid” means an offer by a Lender to make a Competitive Loan in accordance with Section 2.04. 
  
 “Competitive Bid Rate” means, with respect to any Competitive Bid, the Margin or the Fixed Rate, as applicable, offered by the Lender
making such Competitive Bid. 
  
 “Competitive Bid
Request” means a request by a Borrower for Competitive Bids in accordance with Section 2.04. 
  
 “Competitive Loan” means a Loan made pursuant to Section 2.04. 
  
 “Competitive Loan Exposure” means, with respect to any Lender at any time, the sum of (a) the aggregate
principal amount of the outstanding Competitive Loans of such Lender denominated in US Dollars and (b) the sum of the US Dollar Equivalents of the aggregate principal amounts of the outstanding Competitive Loans of such Lender denominated in
Designated Foreign Currencies. 
  
 “Consolidated Capital
Expenditures” means, with respect to a person, the capital expenditures of such person and its consolidated Subsidiaries, determined on a consolidated basis in accordance with GAAP; provided, that in computing Consolidated Capital
Expenditures for any period, any capital expenditure shall be excluded to the extent the consideration for such capital expenditure consisted of common stock of Holdings; provided further that to the extent that GAAP changes after the date
hereof to 

  

 9 

 
exclude Capital Lease Obligations from Consolidated Capital Expenditures, such Capital Lease Obligations will be included for purposes of calculating
Consolidated Capital Expenditures hereunder. 
  
 “Consolidated EBITDA” means, for any period, Consolidated Net Income for such period plus (a) without duplication and to the extent deducted in determining such Consolidated Net Income, the sum of (i) consolidated interest
expense for such period, (ii) consolidated income tax expense for such period, (iii) all amounts attributable to depreciation and amortization for such period and (iv) any extraordinary or non-recurring non-cash charges for such period related to
plant closings or other restructurings of operations or to the writedown of assets, and minus (b) without duplication and to the extent not deducted in determining such Consolidated Net Income, (i) extraordinary gains for such period and (ii) any
amounts paid in cash in respect of extraordinary or non-recurring non-cash charges during any earlier period related to plant closings or other restructurings of operations or to the writedown of assets, all determined on a consolidated basis in
accordance with GAAP; provided that for any period including a fiscal quarter during which an acquisition or a divestiture was consummated outside of the ordinary course of business, Consolidated EBITDA and the components thereof shall be
determined on a pro forma basis as if such acquisition or divestiture, as the case may be, had occurred at the beginning of such period. 
  
 “Consolidated Free Cash Flow” means, for any period, Consolidated EBITDA for such period minus Consolidated Capital Expenditures for such
period. 
  
 “Consolidated Interest Expense”
means, with respect to any Person, for any period for which such amount is being determined, total interest expense (including that properly attributable to Capital Leases in accordance with GAAP and amortization of debt discount and debt issuance
costs) of such Person and its consolidated Subsidiaries on a consolidated basis, including all capitalized interest, all commissions, discounts and other fees and charges owed with respect to letters of credit and bankers’ acceptance financings
and net costs under interest rate protection agreements (including amortization of discount) all as determined on a consolidated basis in accordance with GAAP and, to the extent Consolidated EBITDA for any period is determined on a pro forma basis
to reflect an acquisition or divestiture out of the ordinary course of business, Consolidated Interest Expense shall be calculated on a pro forma basis as if such acquisition or divestiture, as the case may be, had occurred at the beginning of such
period. 
  
 “Consolidated Net Income” means, with
respect to any Person, for any period, the net income or loss of such Person and its consolidated Subsidiaries for such period determined on a consolidated basis in accordance with GAAP. 
  
 “Consolidated Net Tangible Assets” means, with respect to any Person, the aggregate amount of assets of
such Person (less applicable reserves and other properly deductible items) after deducting therefrom (to the extent otherwise included therein) (a) all current liabilities (other than Borrowings under this Agreement or current maturities of
long-term Indebtedness), and (b) all goodwill, trade names, trademarks, patents, unamortized debt discount and expense and other like intangibles, all as set forth on the books and records of such Person and its consolidated Subsidiaries and
computed in accordance with GAAP. 
  

 10 

 “Consolidated Total Assets” means, with respect to any Person, the aggregate amount of
assets of such Person (less applicable reserves and other properly deductible items). 
  
 “Consolidated Total Debt” means, for any Person, all Indebtedness of such Person and its consolidated Subsidiaries, determined on a consolidated basis in accordance with GAAP. 
  
 “Control” means the possession, directly or indirectly, of
the power to direct or cause the direction of the management or policies of a Person, whether through the ability to exercise voting power, by contract or otherwise. “Controlling” and “Controlled” have meanings
correlative thereto. 
  
 “Controlled Group” means
all of a controlled group of corporations and all trades and businesses (whether or not incorporated) under common control that, together with Holdings or any of the Subsidiaries, are treated as a single employer under Section 414 of the Code.

  
 “Credit Documents” means this Agreement, each
Borrowing Subsidiary Agreement, each Borrowing Subsidiary Termination, each Letter of Credit and each promissory note delivered pursuant to this Agreement, as such documents may be amended, modified, supplemented or restated from time to time.

  
 “Credit Event” means each Borrowing and each
issuance, extension or increase in the amount of any Letter of Credit. 
  
 “Credit Parties” means Holdings, the Company, ASII and each Borrowing Subsidiary. 
  
 “Default” means any event or condition which constitutes an Event of Default or which upon notice, lapse of time or both would become an
Event of Default. 
  
 “Designated Foreign
Currency” means (a) Sterling, Euro, Australian Dollars, Canadian Dollars, Yen and any other currency that each of the Lenders, at the request of the Borrower Agent, shall have approved in writing as a Designated Foreign Currency and (b) any
other currency specified by a Borrower in a notice to the Administrative Agent for a proposed Competitive Borrowing which, at the time such Borrowing is made, is freely transferable and convertible into US Dollars in the London market and for which,
at such time, LIBO Rates can be determined by reference to the Telerate screen as provided in the definition of “LIBO Rate”. 
  
 “Designated Obligations” means, in respect of this Agreement, all Obligations of the Credit Parties in respect of (a) principal of and
interest on the Loans (other than Competitive Loans), (b) payments required to be made hereunder in respect of Letters of Credit, including payments in respect of reimbursement of disbursements, 

  

 11 

 
interest thereon and obligations to provide cash collateral and (c) facility fees and Letter of Credit participation fees in respect of this Agreement, in
each case regardless of whether then due and payable. The Designated Obligations owed to any Lender under this Agreement in respect of outstanding Swingline Loans will consist of such Lender’s Swingline Exposure. 
  
 “Effective Date” means the date on which the conditions
specified in Section 4.01 are satisfied (or waived in accordance with Section 10.02). 
  
 “EMU Legislation” means the legislative measures of the European Union for the introduction of, changeover to or operation of the Euro in one or more member states. 
  
 “Environmental Laws” means all federal, state, local and
foreign statutes, laws (including common law), regulations, ordinances, judgments, permits and other governmental rules or restrictions relating to human health, safety (including occupational safety and health standards), and protection of the
environment or to emissions, discharges or releases of pollutants, contaminants, hazardous substances or wastes into the environment, including ambient air, surface or ground water, or land, or otherwise relating to the manufacture, processing,
distribution, use, treatment, storage, disposal, transport or handling of pollutants, contaminants, hazardous substances or wastes or the cleanup or other remediation thereof. 
  
 “Environmental Liability” means any liability, contingent or otherwise (including any liability for
damages, costs of environmental remediation, fines, penalties or indemnities), of Holdings or any Subsidiary directly or indirectly resulting from or based upon (a) violation of any Environmental Laws, (b) the generation, use, handling,
transportation, storage, treatment or disposal of any Hazardous Materials, (c) exposure to any Hazardous Materials, (d) the release or threatened release of any Hazardous Materials into the environment or (e) any contract, agreement or other
consensual arrangement pursuant to which liability is assumed or imposed with respect to any of the foregoing. 
  
 “Equity Interests” means shares of capital stock, partnership interests, membership interests in a limited liability company, beneficial
interests in a trust or other equity ownership interests in a Person, and any warrants, options or other rights entitling the holder thereof to purchase or acquire any such equity interests. 
  
 “ERISA” has the meaning assigned to such term in Section
3.09. 
  
 “Euro” or “€” means the
single currency of the European Union as constituted by the Treaty on European Union and as referred to in the EMU Legislation. 
  
 “Eurocurrency”, when used in reference to any Loan or Borrowing, refers to whether such Loan, or the Loans comprising such Borrowing, are
bearing interest at a rate determined by reference to the LIBO Rate. 
  
 “Event of Default” has the meaning assigned to such term in Article VII. 
  

 12 

 “Exchange Rate” means on any day, for purposes of determining the US Dollar Equivalent
of any other currency, the rate at which such other currency may be exchanged into US Dollars, as set forth at approximately 11:00 a.m., London time, on such day on the Reuters World Currency Page for such currency. In the event that such rate does
not appear on any Reuters World Currency Page, the Exchange Rate shall be determined by reference to such other publicly available service for displaying exchange rates as may be agreed upon by the Administrative Agent and the Borrower Agent, or, in
the absence of such an agreement, such Exchange Rate shall instead be the arithmetic average of the spot rates of exchange of the Administrative Agent in the market where its foreign currency exchange operations in respect of such currency are then
being conducted, at or about 10:00 a.m., Local Time, on such date for the purchase of US Dollars for delivery two Business Days later; provided that if at the time of any such determination, for any reason, no such spot rate is being quoted,
the Administrative Agent may use any reasonable method it deems appropriate to determine such rate, and such determination shall be presumed correct in the absence of facts or circumstances indicating that it has been made in error. 
  
 “Excluded Taxes” means, with respect to any Agent, the
Issuing Bank, any Lender or any other recipient of any payment to be made by or on account of any obligation of any Credit Party hereunder or under any other Credit Document, (a) income, franchise or similar taxes (i) imposed on (or measured by) its
net income by the United States of America, or by the jurisdiction under the laws of which such recipient is organized or in which its principal office is located or, in the case of any Lender, in which its applicable lending office is located or
(ii) imposed as a result of a present or former connection between such recipient and the jurisdiction of the Governmental Authority imposing such tax or any political subdivision or taxing authority thereof or therein (other than any such
connection arising solely from such recipient’s having executed, delivered or performed its obligations or received a payment under, or enforced, any Credit Document), (b) any branch profits taxes imposed by the United States of America or any
similar tax imposed by any other jurisdiction described in clause (a) above, (c) in the case of any Lender, any withholding tax imposed by the United States of America that is in effect and would apply to amounts payable by a US Borrower from an
office within the United States of America to a US Lending Office of such Lender at the time such Lender becomes a Lender under this Agreement (or designates such US Lending Office), (d) in the case of a US Tranche Lender (other than any Person
succeeding to any rights of a US Tranche Lender by operation of the CAM), any withholding tax imposed by the United Kingdom (or any political subdivision thereof) that is in effect and would apply to amounts payable by a UK Borrowing Subsidiary from
an office within the United Kingdom to a UK Lending Office of such Lender at the time such Lender becomes a Lender under this Agreement (or designates such UK Lending Office), (e) in the case of a Belgian Tranche Lender (other than any Person
succeeding to any rights of a Belgian Tranche Lender by operation of the CAM), any withholding tax imposed by Belgium (or any political subdivision thereof) that is in effect and would apply to amounts payable by a Belgian Borrowing Subsidiary from
an office within Belgium to the Belgian Lending Office of such Belgian Tranche Lender at the time such Belgian Tranche Lender becomes a Belgian Tranche Lender under this Agreement (or designates such Belgian Lending Office), and (f) in the case of
any 

  

 13 

 
Lender, any withholding tax that is attributable to such Lender’s failure to comply with Section 2.17(e); provided that in the case of clauses
(c), (d) and (e) above, no withholding tax shall be an Excluded Tax if and to the extent that a Lender (or its assignor, if any) shall have been entitled, at the time it designates a new lending office (or at the time it acquires any rights
hereunder by assignment), to receive additional amounts with respect to such withholding tax pursuant to Section 2.17. 
  
 “Existing Credit Agreement” means the Five-Year Credit Agreement dated as of November 6, 2001, as amended, among Holdings, the Company,
ASII, the borrowing subsidiaries party thereto, the lenders party thereto and the agents party thereto. 
  
 “Existing Letters of Credit” means the Letters of Credit listed in Schedule 2.05(j). 
  
 “Existing Receivables Programs” means the programs in effect
on the date hereof under which the Company or any Subsidiary receives payment in respect of customers’ receivables from a finance company or otherwise transfers or finances its accounts receivable to or with another party, and shall include (i)
the securitization of certain U.S. receivables pursuant to the Receivables Interest Purchase Agreement dated as of September 11, 2002 among ASI Receivables Funding LLC as Seller, Corporate Asset Funding Company Inc. as Investor, Citibank as Bank,
Citicorp North America, Inc. and American Standard Inc. as Collection Agent and Originator, as amended, and the Purchase and Contribution Agreement dated as of September 11, 2002 between American Standard Inc. as Seller and ASI Receivables Funding
LLC as Purchaser, as amended, and (ii) the securitization of certain non-U.S. receivables pursuant to the Receivables Purchase Agreement between Tulip Asset Purchase Company B.V., as Onward Purchaser, and Ideal Funding BVBA, as Purchaser, dated as
of May 3, 2002, and documents related thereto, as such may be amended, and (iii) any and all successor programs to any of the foregoing. 
  
 “Federal Funds Effective Rate” means, for any day, the weighted average (rounded upwards, if necessary, to the next 1/100 of 1%) of the
rates on overnight Federal funds transactions with members of the Federal Reserve System arranged by Federal funds brokers, as published on the next succeeding Business Day by the Federal Reserve Bank of New York, or, if such rate is not so
published for any day that is a Business Day, the average (rounded upwards, if necessary, to the next 1/100 of 1%) of the quotations for such day for such transactions received by the Administrative Agent from three Federal funds brokers of
recognized standing selected by it. 
  
 “Financial
Officer” means the chief financial officer, principal accounting officer, treasurer, assistant treasurer or controller of Holdings, the Company or ASII, as applicable. 
  
 “Fixed Rate” means, with respect to any Competitive Loan (other than a Eurocurrency Competitive Loan), the
fixed rate of interest per annum specified by the Lender making such Competitive Loan in its related Competitive Bid. 
  

 14 

 “Fixed Rate Loan” means a Competitive Loan bearing interest at a Fixed Rate. 

 
 “Foreign Lender” means, as to any Borrower, any Lender
that is organized under the laws of a jurisdiction other than that in which such Borrower is located. For purposes of this definition, the United States of America, each State thereof and the District of Columbia shall be deemed to constitute a
single jurisdiction. 
  
 “GAAP” means generally
accepted accounting principles in the United States of America. 
  
 “Governmental Authority” means the government of the United States of America, any other nation or any political subdivision thereof, whether state or local, and any agency, authority, instrumentality, regulatory body,
court, central bank or other entity exercising executive, legislative, judicial, taxing, regulatory or administrative powers or functions of or pertaining to government. 
  
 “Guarantee” of or by any person means any obligation, contingent or otherwise, of such person guaranteeing
or having the economic effect of guaranteeing any Indebtedness of any other person (the “primary obligor”) in any manner, whether directly or indirectly, and including any obligation of such person, direct or indirect, (a) to purchase or
pay (or advance or supply funds for the purchase or payment of) such Indebtedness or to purchase (or to advance or supply funds for the purchase of) any security for the payment of such Indebtedness, (b) to purchase property, securities or services
for the purpose of assuring the owner of such Indebtedness of the payment of such Indebtedness or (c) to maintain working capital, equity capital or other financial statement condition or liquidity of the primary obligor so as to enable the primary
obligor to pay such Indebtedness; provided, however, that the term Guarantee shall not include endorsements for collection or deposit, in either case in the ordinary course of business. The amount of any Guarantee shall be deemed to equal the
stated or determinable amount of the primary obligation in respect of which such Guarantee is made or, if not stated or determinable, the maximum reasonably anticipated liability in respect thereof (assuming such person is required to perform
thereunder); provided, however, that the amount of any Guarantee that, by its terms, limits the amount payable thereunder to a stated or determinable amount shall not exceed such stated or determinable amount. 
  
 “Hazardous Materials” means all explosive or radioactive
substances or wastes and all hazardous or toxic substances, wastes or other pollutants, including petroleum or petroleum distillates, asbestos or asbestos containing materials, polychlorinated biphenyls, radon gas, infectious or medical wastes and
all other substances or wastes of any nature regulated pursuant to any Environmental Laws. 
  
 “Hedging Agreement” means any interest rate protection agreement, foreign currency exchange agreement, currency swap agreement or other interest or currency exchange rate hedging arrangement. The
“principal amount” of any Hedging Agreement of Holdings or any Subsidiary at any time shall be deemed to be the aggregate amount at such time of the payments that would be required to be made by Holdings or such Subsidiary in the event of
any early termination at such time of such Hedging Agreement. 
  

 15 

 “Holdings” has the meaning assigned to such term in the heading of this Agreement.

  
 “Incur” means create, incur, assume,
Guarantee or otherwise become responsible for, and “Incurred” and “Incurrence” shall have correlative meanings. 
  
 “Indebtedness” of any person means, without duplication, (a) all obligations of such person for money borrowed or raised (excluding all
Securitization Transactions that are accounted for as true sales of accounts receivable and not as liabilities on the consolidated balance sheets of Holdings, but including Securitization Transactions accounted for as liabilities on the consolidated
balance sheets of Holdings), (b) all obligations of such person (other than accounts payable and other similar items arising in the ordinary course of business) for the deferred payment of the purchase price of property or services which would
appear as liabilities on a balance sheet of such person, (c) all Capital Lease Obligations of such person, (d) all Guarantees by such person of obligations of others that otherwise constitute Indebtedness and (e) all obligations (contingent or
otherwise) of such person as an account party in respect of letters of credit issued to secure payment obligations that otherwise constitute Indebtedness. 
  
 “Indemnified Taxes” means Taxes other than Excluded Taxes. 
  
 “Index Ratings” means the public ratings by Moody’s and S&P of the Company’s senior,
unsecured, non-credit enhanced long-term Indebtedness for borrowed money. 
  
 “Information Memorandum” means the Confidential Information Memorandum dated June 2005 relating to Holdings, the Company, ASII and the Transactions. 
  
 “Interest Election Request” means a request by a Borrower to
convert or continue a Revolving Borrowing in accordance with Section 2.08. 
  
 “Interest Payment Date” means (a) with respect to any ABR Loan (other than a Swingline Loan), the last day of each March, June, September and December, (b) with respect to any Eurocurrency Loan, the
last day of the Interest Period applicable to the Borrowing of which such Loan is a part and, in the case of a Eurocurrency Borrowing with an Interest Period of more than three months’ duration, each day prior to the last day of such Interest
Period that occurs at intervals of three months’ duration after the first day of such Interest Period, (c) with respect to any Fixed Rate Loan, the last day of the Interest Period applicable to the Borrowing of which such Loan is a part and, in
the case of a Fixed Rate Borrowing with an Interest Period of more than 90 days’ duration (unless otherwise specified in the applicable Competitive Bid Request), each day prior to the last day of such Interest Period that occurs at intervals of
90 days’ duration after the first day of such Interest Period, and any other dates that are specified in the applicable Competitive Bid Request as Interest Payment Dates with respect to such Borrowing and (d) with respect to any Swingline Loan,
the day that such Loan is required to be repaid. 
  

 16 

 “Interest Period” means (a) with respect to any Eurocurrency Borrowing, the period
commencing on the date of such Borrowing and ending on the numerically corresponding day in the calendar month that is one, two, three, six, or, if available from time to time from all of the Lenders, twelve months thereafter, as the applicable
Borrower may elect, and (b) with respect to any Fixed Rate Borrowing, the period (which shall not be less than 7 days or more than 360 days) commencing on the date of such Borrowing and ending on the date specified in the applicable Competitive Bid
Request; provided, that (i) if any Interest Period would end on a day other than a Business Day, such Interest Period shall be extended to the next succeeding Business Day unless, in the case of a Eurocurrency Borrowing only, such next
succeeding Business Day would fall in the next calendar month, in which case such Interest Period shall end on the next preceding Business Day and (ii) any Interest Period pertaining to a Eurocurrency Borrowing that commences on the last Business
Day of a calendar month (or on a day for which there is no numerically corresponding day in the last calendar month of such Interest Period) shall end on the last Business Day of the last calendar month of such Interest Period. For purposes hereof,
the date of a Borrowing initially shall be the date on which such Borrowing is made and, in the case of a Revolving Borrowing, thereafter shall be the effective date of the most recent conversion or continuation of such Borrowing. 
  
 “Issuing Bank” means JPMorgan Chase Bank, N.A. and any one
or more other Lenders designated in writing by the Borrower Agent in a notice delivered to the Administrative Agent, and their respective successors in such capacity; provided that such other Lender shall have consented to such designation.
The Issuing Banks may, in their respective discretion, arrange for one or more Letters of Credit to be issued by Affiliates of such Issuing Banks listed in Schedule 1.01 or approved by the Borrower Agent (such approval not to be unreasonably
withheld), in which case the term “Issuing Bank” shall include any such Affiliates with respect to Letters of Credit issued by such Affiliates. 
  
 “JPMEL” means J.P. Morgan Europe Limited and its successors. 
  
 “JPMCB” means JPMorgan Chase Bank, N.A. and its successors. 
  
 “Judgment Currency” has the meaning assigned to such term in
Section 10.14(b). 
  
 “LC Disbursement” means a
payment made by any Issuing Bank in respect of a Letter of Credit. 
  
 “LC Exposure” means at any time the sum of (a) the aggregate undrawn amount of all outstanding Letters of Credit denominated in US Dollars at such time, (b) the aggregate of the US Dollar Equivalents of the undrawn amounts
of all outstanding Letters of Credit denominated in Sterling, Euro or Canadian Dollars at such time, (c) the aggregate amount of all LC Disbursements denominated in US Dollars that have not yet 

  

 17 

 
been reimbursed by or on behalf of the Borrowers at such time and (d) the aggregate of the US Dollar Equivalents of the amounts of all LC Disbursements
denominated in Sterling, Euro or Canadian Dollars that have not yet been reimbursed by or on behalf of the Borrowers at such time. The LC Exposure of any US Tranche Lender at any time shall be such Lender’s US Tranche Percentage of the
aggregate LC Exposure. 
  
 “Lenders” means the
Persons listed on Schedule 2.01 and any other Person that shall have become a party hereto pursuant to an Assignment and Assumption, other than any such Person that ceases to be a party hereto pursuant to an Assignment and Assumption. Except to the
extent otherwise expressly provided for herein, the term “Lenders” includes the Swingline Lender. 
  
 “Letter of Credit” means any letter of credit issued pursuant to Section 2.05(a). 
  
 “LIBO Rate” means, with respect to any Eurocurrency
Borrowing for any Interest Period, (a) the rate per annum appearing under the British Bankers’ Association Interest Settlement Rates for deposits in the currency of such Borrowing at approximately 11:00 a.m., London time, on the Quotation Day
for such Interest Period, as reflected on the applicable Telerate screen page, for a period equal to such Interest Period (or, if an interest rate is not ascertainable pursuant to the foregoing provisions of this definition, the average (rounded
upward, if necessary, to the next 1/100 of 1%) of the respective interest rates per annum at which deposits in the currency of such Borrowing are offered for such Interest Period to major banks in the London interbank market by JPMCB at
approximately 11:00 a.m., London time, on the Quotation Day for such Interest Period), multiplied by (b) the Statutory Reserve Rate applicable to such Eurocurrency Borrowing; provided that for purposes of determining the interest rate
applicable to any Eurocurrency Competitive Borrowing, the LIBO Rate shall be the rate determined pursuant to the foregoing clause (a) without giving effect to clause (b). 
  
 “Lien” means, with respect to any asset, (a) any mortgage, deed of trust, lien, pledge, encumbrance, charge
or security interest in or on such asset and (b) the interest of a vendor or a lessor under any conditional sale agreement, capital lease or title retention agreement relating to such asset. 
  
 “Loans” means the loans made by the Lenders to the Borrowers
pursuant to this Agreement. 
  
 “Local Time”
means (a) with respect to a Loan, Borrowing or Letter of Credit denominated in US Dollars, New York City time, (b) with respect to a Loan, Borrowing or Letter of Credit denominated in any Designated Foreign Currency (other than any Loan to or
Borrowing by any Belgian Borrowing Subsidiary pursuant to the Belgian Tranche Commitments), London time, (c) with respect to any Loan to or Borrowing by any Belgian Borrowing Subsidiary pursuant to the Belgian Tranche Commitments, Brussels time, and
(d) with respect to any Loan to or Borrowing by a Canadian Borrowing Subsidiary denominated in Canadian Dollars, Toronto time. 
  

 18 

 “London Agent” means JPMEL, in its capacity as London agent for the Lenders hereunder,
or any successor thereto appointed in accordance with Article VIII. 
  
 “Margin” means, with respect to any Competitive Loan bearing interest at a rate based on the LIBO Rate, the marginal rate of interest, if any, to be added to or subtracted from the LIBO Rate to determine the rate of
interest applicable to such Loan, as specified by the Lender making such Loan in its related Competitive Bid. 
  
 “Margin Stock” means “margin stock” as defined in Regulation U of the Board of Governors of the Federal Reserve System.

  
 “Material Adverse Effect” means any event or
condition not disclosed in writing to the Lenders or in reports filed by Holdings with the SEC under the Securities Exchange Act of 1934, in each case prior to the date of this Agreement that (a) has resulted or could reasonably be expected to
result in a material adverse change in the business, assets, operations or financial condition of Holdings and the Subsidiaries taken as a whole or (b) has materially impaired or could reasonably be expected to materially impair the ability of the
Credit Parties to perform any of their obligations under this Agreement or the other Credit Documents. 
  
 “Material Indebtedness” means Indebtedness (other than the Loans and Letters of Credit and Indebtedness owed to Holdings or any
Subsidiary), or obligations in respect of one or more Hedging Agreements, of any one or more of Holdings and the Subsidiaries in an aggregate principal amount greater than US$50,000,000. 
  
 “Material Subsidiary” means, at any time, (a) the Company, (b) ASII, (c) each Borrowing Subsidiary and (d)
each other Subsidiary exclusive of Subsidiaries that, together with their own subsidiaries, shall have accounted for less than 5% for any such Subsidiary, or 15% in the aggregate for all such Subsidiaries of Consolidated EBITDA for the period of
four fiscal quarters most recently ended. For purposes of making the determinations required by clauses (d) and (e) of this definition, the components of Consolidated EBITDA of Non-US Subsidiaries shall be converted into US Dollars at the rates used
in preparing the consolidated balance sheets of Holdings included in the applicable financial statements referred to in Section 3.04 or delivered pursuant to Section 5.05. 
  
 “Maturity Date” means the fifth anniversary of the date of this Agreement. 
  
 “Moody’s” means Moody’s Investors Service, Inc.

  
 “Non-US Lending Office” means, as to any
Lender, any applicable branch, office or Affiliate of such Lender designated by such Lender to make Loans in Designated Foreign Currencies. A Lender may designate multiple Non-US Lending Offices for Loans to different Borrowers or in different
Designated Foreign Currencies; provided that (i) each Lender shall be deemed to have designated its UK Lending Offices as its Non-US Lending Offices for all Loans in Euro or Sterling (other than any such Loan by a Belgian Tranche Lender to a
Belgian Borrowing Subsidiary) and (ii) each 

  

 19 

 
Belgian Tranche Lender shall be deemed to have designated its Belgian Lending Office as its Non-US Lending Office for all Loans in Designated Foreign
Currencies to the Belgian Borrowing Subsidiaries. 
  
 “Non-US Subsidiary” means a Subsidiary that is not a US Subsidiary. 
  
 “Obligations” means (a) the principal of and interest (including interest accruing during the pendency of any bankruptcy, insolvency, receivership or other similar proceeding, regardless of whether
allowed or allowable in such proceeding) on the Loans, when and as due, whether at maturity, by acceleration, upon one or more dates set for prepayment or otherwise, (b) each payment required to be made by any Borrower under this Agreement in
respect of any Letter of Credit when and as due, including payments in respect of reimbursement of disbursements, interest thereon and obligations to provide cash collateral and (c) all other monetary obligations, including fees, costs, expenses and
indemnities, whether primary, secondary, direct, contingent, fixed or otherwise (including monetary obligations incurred during the pendency of any bankruptcy, insolvency, receivership or other similar proceeding, regardless of whether allowed or
allowable in such proceeding), of any Credit Party under this Agreement or any other Credit Document. 
  
 “Other Taxes” means any and all present or future recording, stamp, documentary, excise, transfer, sales, property or similar taxes,
charges or levies arising from any payment made under any Credit Document or from the execution, delivery or enforcement of, or otherwise with respect to, any Credit Document. 
  
 “PBGC” has the meaning assigned to such term in Section 3.09. 
  
 “Permitted Encumbrances” means: 
  
 (a) Liens for taxes, assessments or governmental charges or
claims that are not yet due and payable or are being contested in compliance with Section 5.03; 
  
 (b) statutory Liens of landlords, carriers, warehousemen, mechanics, materialmen and suppliers, in each case incurred in the ordinary
course of business for sums not yet delinquent or being contested in good faith; 
  
 (c) Liens incurred or deposits made in the ordinary course of business in connection with workers’ compensation, unemployment
insurance and other social security programs, or to secure the performance of tenders, statutory obligations, bids, leases, government contracts, performance and return-of-money bonds and other similar obligations (other than obligations for the
payment of borrowed money); 
  
 (d) leases or
subleases granted to others (other than as security for Indebtedness) not interfering in any material respect with the business of Holdings or any Subsidiary; 
  

 20 

 (e) easements, rights-of-way, restrictions, minor defects or irregularities in title and
other similar charges or encumbrances not interfering in any material respect with the ordinary conduct of the business of Holdings or any Subsidiary; 
  
 (f) any interest or title of a lessor under any lease other than a Capital Lease or a lease entered into as part of a Sale and Leaseback
Transaction; 
  
 (g) Liens in favor of customs
and revenue authorities arising as a matter of law to secure payment of customs duties in connection with the importation of goods; 
  
 (h) deed restrictions to ensure non-disturbance of legally permitted, permanent on-site waste storage/ treatment facilities; and

  
 (i) normal and customary rights of setoff
upon deposits of cash in favor of banks or other depository institutions. 
  
 “Person” means any natural person, corporation, limited liability company, trust, joint venture, association, company, partnership, Governmental Authority or other entity. 
  
 “Plan” means, for Holdings and each Subsidiary at any time,
an employee pension benefit plan which is covered by Title IV of ERISA or subject to the minimum funding standards under Section 412 of the Code and either (a) is maintained by a member of the Controlled Group for employees of a member of the
Controlled Group, (b) is maintained pursuant to a collective bargaining agreement or any other arrangement under which more than one employer makes contributions and to which a member of the Controlled Group is then making or accruing an obligation
to make contributions or has within the preceding five plan years made contributions, or (c) under which a member of the Controlled Group has any liability, including any liability by reason of having been a substantial employer within the meaning
of Section 4063 of ERISA at any time during the preceding five years or by reason of being deemed a contributing sponsor under Section 4069 of ERISA. 
  
 “Prime Rate” means the rate of interest per annum publicly announced from time to time by JPMCB as its prime rate in effect at its
principal office in New York City; each change in the Prime Rate shall be effective from and including the date such change is publicly announced as being effective. 
  
 “Property” means any interest in any kind of property or asset, whether real, personal or mixed, or
tangible or intangible, whether now owned or hereafter acquired. 
  
 “Quotation Day” means, with respect to any Eurocurrency Borrowing and any Interest Period, the day on which it is market practice in the relevant interbank market for prime banks to give quotations for deposits in the
currency of such Borrowing for delivery on the first day of such Interest Period. If such quotations would normally be given by prime banks on more than one day, the Quotation Day will be the last of such days. 
  

 21 

 “Register” has the meaning set forth in Section 10.04. 
  
 “Related Parties” means, with respect to any specified
Person, such Person’s Affiliates and the respective directors, officers, employees and agents of such Person and such Person’s Affiliates. 
  
 “Required Lenders” means, at any time, Lenders having Revolving Credit Exposures and unused Commitments representing more than 50% of the
sum of the total Revolving Credit Exposures and unused Commitments at such time; provided that, for all purposes after the Loans become due and payable pursuant to Article VII or the Commitments expire or terminate, “Required
Lenders” will mean, at any time, Lenders having Revolving Credit Exposures and outstanding Competitive Loan Exposures representing more than 50% of the sum of the total Revolving Credit Exposures and outstanding Competitive Loan Exposures
at such time. 
  
 “Reset Date” has the meaning
assigned to such term in Section 1.05. 
  
 “Revolving
Credit Exposures” means, at any time, the sum of the US Tranche Revolving Credit Exposures and the Belgian Tranche Revolving Credit Exposures at such time. 
  
 “Revolving Loan” means a Loan made pursuant to Sections 2.01 and 2.03. 
  
 “SEC” means the United States Securities and Exchange
Commission or any successor Governmental Authority. 
  
 “Securitization Transaction” means (a) any transfer of accounts receivable or interests therein (i) to a trust, partnership, corporation or other entity (other than a Subsidiary), which transfer or pledge is funded by such
entity in whole or in part by the issuance to one or more lenders or investors of indebtedness or other securities that are to receive payments principally from the cash flow derived from such accounts receivable or interests in accounts receivable,
or (ii) directly to one or more investors or other purchasers (other than any Subsidiary), or (b) any transaction in which Holdings or a Subsidiary Incurs Indebtedness or other obligations secured by Liens on accounts receivable. The
“amount” of any Securitization Transaction shall be deemed at any time to be (A) in the case of a transaction described in clause (a) of the preceding sentence, the aggregate uncollected amount of the accounts receivable transferred
pursuant to such Securitization Transaction, net of any such accounts receivable that have been written off as uncollectible, and (B) in the case of a transaction described in clause (b) of the preceding sentence, the aggregate outstanding principal
amount of the Indebtedness secured by Liens on accounts receivable Incurred pursuant to such Securitization Transaction or, if less, the aggregate uncollected amount of the accounts receivable subject to such Liens. Securitizations will include any
such transfer or transactions pursuant to the Existing Receivables Programs. For purposes of this Agreement (including Sections 6.01(j) and (k)), accounts receivable shall include any and all 

  

 22 

 
payments owing to Holdings or any Subsidiary by any and all obligors (including obligors which are federal, state or local governments or governmental
agencies) under long term contracts (including long term energy savings performance contracts and related task or delivery orders) in respect of goods or other property sold or leased or services rendered. 
  
 “S&P” means Standard & Poor’s Ratings Group.

  
 “Statutory Reserve Rate” means, with respect
to any currency, 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, liquid asset or similar percentages (including any marginal,
special, emergency or supplemental reserves) expressed as a decimal established by any Governmental Authority of the United States or of the jurisdiction of such currency or any jurisdiction in which Loans in such currency are made to which banks in
such jurisdiction are subject for any category of deposits or liabilities customarily used to fund loans in such currency or by reference to which interest rates applicable to Loans in such currency are determined. Such reserve, liquid asset or
similar percentages shall include those imposed pursuant to Regulation D of the Board. Eurocurrency Loans shall be deemed 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 or any other applicable law, rule or regulation. The Statutory Reserve Rate shall be adjusted automatically on and as of the effective date of any change in any reserve percentage.

  
 “Sterling” or “£” means the
lawful money of the United Kingdom. 
  
 “Sterling/Euro
Swingline Exposure” means at any time, the aggregate of the US Dollar Equivalents of the principal amounts of all US Tranche Swingline Loans denominated in Sterling or Euro outstanding at such time. The Sterling/Euro Swingline Exposure of
any US Tranche Lender at any time shall be such Lender’s US Tranche Percentage of the aggregate Sterling/Euro Swingline Exposure. 
  
 “Sterling/Euro Swingline Sublimit” means $75,000,000, as such amount may be adjusted in accordance with Section 2.06(d). 
  
 “subsidiary” means, with respect to any person (herein
referred to as the “parent”), any person of which securities or other ownership interests representing more than 50% of the equity or more than 50% of the ordinary voting power or, in the case of a partnership, more than 50% of the general
partnership interests are, at the time any determination is being made, owned, controlled or held by the parent or one or more subsidiaries of the parent or by the parent and one or more subsidiaries of the parent. 
  
 “Subsidiary” means any direct or indirect subsidiary of
Holdings. 
  
 “Swingline Base Rate” means, for
any day, with respect to any Swingline Loan that (a) is denominated in US Dollars, the Federal Funds Effective Rate and (b) is denominated in Sterling or Euro, a rate per annum (rounded upwards, if necessary, to the next 1/100 of 1%) equal to the
average rate at which overnight deposits in the currency in 

  

 23 

 
which such Swingline Loan is denominated and approximately equal in principal amount to such Swingline Loan are obtainable by the Swingline Lender on such
day at its lending office for such Swingline Loan in the interbank market (or any other market for overnight funds in such currency utilized by the Swingline Lender), adjusted to reflect any direct or indirect costs of obtaining such deposits. The
Swingline Base Rate applicable to any Swingline Loan that is a denominated in Sterling or Euro shall be determined for each day by the Swingline Lender and such determination shall be presumed correct in the absence of facts or circumstances
indicating that it has been made in error. 
  
 “Swingline
Exposure” means, at any time, the sum of (a) the US Tranche Swingline Exposure and (b) the Belgian Tranche Swingline Exposure. The Swingline Exposure of any Lender at any time shall be such Lender’s Applicable Percentage of the
aggregate Swingline Exposure. 
  
 “Swingline
Lender” means JPMCB in its capacity as lender of Swingline Loans hereunder. 
  
 “Swingline Loan” means a Belgian Tranche Swingline Loan or a US Tranche Swingline Loan. 
  
 “Swingline Sublimit” means the Sterling/Euro Swingline Sublimit, the US Dollar Swingline Sublimit, or the Belgian Swingline Sublimit.

  
 “Taxes” means any and all present or future
taxes, levies, imposts, duties, deductions, charges or withholdings imposed by any Governmental Authority. 
  
 “Tranche” means a category of Commitments and extensions of credits thereunder. For purposes hereof, each of the following comprises a
separate Tranche: (a) the US Tranche Commitments and the US Tranche Revolving Loans, Letters of Credit and Swingline Loans and (b) the Belgian Tranche Commitments and the Belgian Tranche Revolving Loans. 
  
 “Tranche Percentage” means a US Tranche Percentage or a
Belgian Tranche Percentage, as applicable. 
  
 “Transactions” means the execution, delivery and performance by the Credit Parties of this Agreement and the other Credit Documents, the Borrowings hereunder and the use of the proceeds thereof and the issuance of Letters
of Credit hereunder. 
  
 “Type”, when used in
reference to any Loan or Borrowing, refers to whether the rate of interest on such Loan, or on the Loans comprising such Borrowing, is determined by reference to the LIBO Rate, the Alternate Base Rate or, in the case of a Competitive Loan or
Borrowing, a Fixed Rate. 
  
 “UK Borrowing
Subsidiary” means a Borrowing Subsidiary that is organized in the United Kingdom or a political subdivision thereof. 
  

 24 

 “UK Lending Office” means, as to any Lender, any applicable branch, office or Affiliate
of such Lender designated by such Lender to make Loans in Euro or Sterling (other than any Loan by a Belgian Tranche Lender to a Belgian Borrowing Subsidiary). 
  

“Unfunded Vested Liabilities” means, for any Plan at any time, the amount (if any) by which (a) the present value of all vested
nonforfeitable accrued benefits under such Plan exceeds (b) the fair market value of all Plan assets allocable to such benefits, all determined as of the then most recent valuation date for such Plan, but only to the extent that such excess
represents a potential liability of a member of the Controlled Group to the PBGC or the Plan under Title IV of ERISA. 
  
 “US Borrower” means a Borrower that is a US Person. 
  
 “US Dollar” or “US$” refers to lawful money of the United States of America. 

 
 “US Dollar Equivalent” means, on any date of
determination, (a) with respect to any amount in US Dollars, such amount, and (b) with respect to any amount in any Designated Foreign Currency, the equivalent in US Dollars of such amount, determined by the Administrative Agent pursuant to Section
1.05 using the Exchange Rate with respect to such Designated Foreign Currency at the time in effect under the provisions of such Section. 
  
 “US Dollar Swingline Exposure” means, at any time, the aggregate principal amount of all US Tranche Swingline Loans denominated in US
Dollars outstanding at such time. The US Dollar Swingline Exposure of any US Tranche Lender at any time shall be such Lender’s US Tranche Percentage of the aggregate US Dollar Swingline Exposure. 
  
 “US Dollar Swingline Sublimit” shall mean $75,000,000, as
such amount may be adjusted in accordance with Section 2.06(d). 
  
 “US Lending Office” means, as to any Lender, any applicable branch, office or Affiliate of such Lender designated by such Lender to make Loans in US Dollars. A Lender may designate multiple US Lending Offices for Loans to
different Borrowers. 
  
 “US Person” means a
Person incorporated or otherwise organized in the United States of America, a State thereof or the District of Columbia. 
  
 “US Subsidiary” means a Subsidiary that is a US Person or is treated as disregarded as an entity separate from a US Person or is treated
as a US Person, in each case for US Federal income tax purposes. 
  
 “US Tranche Commitment” means, with respect to each US Tranche Lender, the commitment of such US Tranche Lender to make US Tranche Revolving Loans pursuant to Section 2.01(a), to acquire participations in Letters of Credit
pursuant 

  

 25 

 
to Section 2.05 and to acquire participations in US Tranche Swingline Loans pursuant to Section 2.06, expressed as an amount representing the maximum
aggregate permitted amount of such Lender’s US Tranche Revolving Credit Exposure hereunder, as such commitment may be (a) reduced or increased from time to time pursuant to Section 2.09 and (b) reduced or increased from time to time pursuant to
assignments by or to such Lender pursuant to Section 10.04. The initial amount of each US Tranche Lender’s US Tranche Commitment is set forth on Schedule 2.01, or in the Assignment and Assumption pursuant to which such US Tranche Lender shall
have assumed its US Tranche Commitment, as applicable. The aggregate amount of the US Tranche Commitments on the date hereof is US$750,000,000. 
  
 “US Tranche Lender” means a Lender with a US Tranche Commitment or with outstanding US Tranche Revolving Loans. All references herein to
a US Tranche Lender shall be deemed to refer to such Lender solely in its capacity as such, notwithstanding that such Lender may also be a Belgian Tranche Lender. 
  
 “US Tranche Percentage” means, with respect to any US Tranche Lender, the percentage of the aggregate US
Tranche Commitments represented by such Lender’s US Tranche Commitment. If the US Tranche Commitments have terminated or expired, the US Tranche Percentages shall be determined based upon the US Tranche Commitments most recently in effect,
giving effect to any assignments. 
  
 “US Tranche
Revolving Borrowing” means a Borrowing comprised of US Tranche Revolving Loans. 
  
 “US Tranche Revolving Credit Exposure” means, at any time, the sum at such time, without duplication, of (a) the aggregate principal amount of the US Tranche Revolving Loans denominated in US Dollars
outstanding at such time, (b) the aggregate principal amount of the US Dollar Equivalents of the US Tranche Revolving Loans denominated in Designated Foreign Currencies outstanding at such time, (c) the aggregate LC Exposure at such time and (d) the
aggregate US Tranche Swingline Exposure at such time. The US Tranche Revolving Credit Exposure of any Lender at any time shall be such Lender’s US Tranche Percentage of the total US Tranche Revolving Credit Exposure at such time. 
  
 “US Tranche Revolving Loan” means a Loan made by a US
Tranche Lender pursuant to Section 2.01(a). Each US Tranche Revolving Loan denominated in US Dollars shall be a Eurocurrency Loan or an ABR Loan. Each US Tranche Revolving Loan denominated in a Designated Foreign Currency shall be a Eurocurrency
Loan. 
  
 “US Tranche Swingline Exposure”
means, at any time, the sum of (a) the US Dollar Swingline Exposure at such time plus (b) the Sterling/Euro Swingline Exposure at such time. The US Tranche Swingline Exposure of any US Tranche Lender at any time shall be such Lender’s US
Tranche Percentage of the aggregate US Tranche Swingline Exposure. 
  

 26 

 “US Tranche Swingline Loan” means a Loan made pursuant to Section 2.06(a)(i).

  
 “Voting Stock” of any Person means capital
stock of any class or classes or other Equity Interests (however designated) having ordinary voting power for the election of members of the board of directors or the equivalent governing body of such Person, other than capital stock or other Equity
Interests having such power only by reason of happening of a contingency. 
  
 “Welfare Plan” means a “welfare plan” as defined in Section 3(l) of ERISA. 
  
 “Wholly Owned Subsidiary” means any Subsidiary all the Equity Interests in which, other than directors’ qualifying shares and/or
other nominal amounts of Equity Interests that are required to be held by Persons other than Holdings and its Wholly Owned Subsidiaries under applicable law, are owned, directly or indirectly, by Holdings. 
  
 “Yen” or “¥” means the lawful money of Japan.

  
 SECTION 1.02. Classification of Loans and Borrowings.
For purposes of this Agreement, Loans may be classified and referred to by Class (e.g., a “US Tranche Revolving Loan” or a “Revolving Loan”) or by Type (e.g., a “Eurocurrency Loan”) or by Class and Type
(e.g., a “Eurocurrency Revolving Loan”). Borrowings also may be classified and referred to by Class (e.g., a “US Tranche Revolving Borrowing” or a “Revolving Borrowing”) or by Type (e.g., a
“Eurocurrency Borrowing”) or by Class and Type (e.g., a “Eurocurrency Revolving Borrowing”). 
  
 SECTION 1.03. Terms Generally. The definitions of terms herein shall apply equally to the singular and plural forms of the terms defined. Whenever
the context may require, any pronoun shall include the corresponding masculine, feminine and neuter forms. The words “include”, “includes” and “including” shall be deemed to be followed by the phrase “without
limitation”. The word “will” shall be construed to have the same meaning and effect as the word “shall”. Unless the context requires otherwise (a) any definition of or reference to any agreement, instrument or other document
herein shall be construed as referring to such agreement, instrument or other document as from time to time amended, supplemented or otherwise modified (subject to any restrictions on such amendments, supplements or modifications set forth herein),
(b) any reference herein to any Person shall be construed to include such Person’s successors and assigns, (c) the words “herein”, “hereof” and “hereunder”, and words of similar import, shall be construed to refer
to this Agreement in its entirety and not to any particular provision hereof, (d) all references herein to Articles, Sections, Exhibits and Schedules shall be construed to refer to Articles and Sections of, and Exhibits and Schedules to, this
Agreement and (e) the words “asset” and “property” shall be construed to have the same meaning and effect and to refer to any and all tangible and intangible assets and properties, including cash, securities, accounts and
contract rights. References herein to the taking of any action hereunder of an administrative nature by any Borrower shall be deemed to include references to Holdings, the Company or ASII taking such 

  

 27 

 
action on such Borrower’s behalf and the Agents are expressly authorized to accept any such action taken by Holding, the Company or ASII as having the
same effect as if taken by such Borrower. Each reference herein to the “knowledge” of Holdings, the Company, ASII or any Subsidiary shall be deemed to be a reference to the knowledge of any member of senior management of Holdings,
the Company, ASII or such Subsidiary, any Financial Officer and, in the case of any reference to knowledge of any specific subject matter, the senior manager of the department or office of Holdings, the Company, ASII or such Subsidiary responsible
for such matter. 
  
 SECTION 1.04. Accounting Terms; GAAP.
Except as otherwise expressly provided herein, all terms of an accounting or financial nature shall be construed in accordance with GAAP as in effect from time to time; provided that, if the Borrower Agent notifies the Administrative Agent
that the Borrower Agent requests an amendment to any provision hereof to eliminate the effect of any change occurring after the date hereof in GAAP or in the application thereof on the operation of such provision (or if the Administrative Agent
notifies the Borrower Agent that the Required Lenders request an amendment to any provision hereof for such purpose), regardless of whether any such notice is given before or after such change in GAAP or in the application thereof, then such
provision shall be interpreted on the basis of GAAP as in effect and applied immediately before such change shall have become effective until such notice shall have been withdrawn or such provision amended in accordance herewith. All Financial
Statements to be furnished to the Lenders hereunder shall be prepared, and all calculations determining compliance with Article VI (including the definitions used therein) shall be made, for the relevant Person and its consolidated Subsidiaries on a
consolidated basis in accordance with GAAP consistently applied throughout the periods involved except as set forth in the notes thereto; provided that except as otherwise specifically provided herein, all calculations for determining
compliance with Article VI shall utilize accounting principles and policies in effect at the time of the preparation of, and in conformity with those used to prepare, the audited Financial Statements of Holdings for the fiscal year ended December
31, 2004. With respect to any Subsidiary that is not a Wholly-Owned Subsidiary, only that portion of such Subsidiary’s results of operations, assets and liabilities as are equal to Holding’s ownership shall be included in making any
calculation with respect to the financial covenants in Article VI. 
  
 SECTION 1.05. Exchange Rates. (a) Not later than 1:00 p.m., New York City time, on each Calculation Date (determined without regard to clause (b) of the definition of such term), the Administrative Agent shall (i) determine the
Exchange Rate as of such Calculation Date with respect to Sterling, Euro, Canadian Dollars and each other Designated Foreign Currency in which any outstanding Borrowing or Letter of Credit shall be denominated as of such Calculation Date and (ii)
give written notice thereof to the Lenders and the Borrower Agent. Not later than 1:00 p.m., New York City time, on the Business Day immediately preceding the date of any Borrowing in a Designated Foreign Currency for which no Exchange Rate shall
have been determined on the most recent Calculation Date, the Administrative Agent shall (i) determine the Exchange Rate as of such Business Day with respect to such Designated Foreign Currency and (ii) give written notice thereof to the Lenders and
the Borrower Agent. The Exchange Rates so determined shall become effective on the first Business Day 

  

 28 

 
immediately following the relevant Calculation Date (a “Reset Date”) or other date of determination, shall remain effective until the next
succeeding Reset Date, and shall for all purposes of this Agreement (other than Section 10.14 or any other provision expressly requiring the use of a current Exchange Rate) be the Exchange Rates employed in converting any amounts between US Dollars
and Designated Foreign Currencies. 
  
 (b) Not later than 5:00
p.m., New York City time, on each Reset Date and on each date on which Revolving Loans denominated in any Designated Foreign Currency are made, or Letters of Credit denominated in any Designated Foreign Currency are issued, the Administrative Agent
shall (i) determine the aggregate amount of each of the US Tranche Revolving Credit Exposure and the Belgian Tranche Revolving Credit Exposure and the aggregate US Dollar Equivalent of the principal amounts of the Competitive Loans denominated in
Designated Foreign Currencies then outstanding (after giving effect to any Loans made or repaid or Letters of Credit issued, drawn or expired on such date) and (ii) notify the Lenders and the Borrower Agent of the results of such determination.

  
 ARTICLE II 
  
 The Credits 
  
 SECTION 2.01. Commitments. (a) Subject to the terms and conditions set
forth herein, each US Tranche Lender agrees to make US Tranche Revolving Loans to the Borrowers from time to time during the Availability Period in US Dollars from its applicable US Lending Offices or in any Designated Foreign Currency from its
applicable Non-US Lending Offices in an aggregate principal amount that will not result in (i) such Lender’s US Tranche Revolving Credit Exposure exceeding its US Tranche Commitment, (ii) the aggregate US Tranche Revolving Credit Exposures
exceeding the aggregate US Tranche Commitments or (iii) the sum of the aggregate Revolving Credit Exposures and the aggregate Competitive Loan Exposures exceeding the aggregate Commitments. 
  
 (b) Subject to the terms and conditions set forth herein, each Belgian
Tranche Lender agrees from time to time during the Availability Period (i) to make Belgian Tranche Revolving Loans in Euro and Sterling to the Belgian Borrowing Subsidiaries from its Belgian Lending Office and (ii) to make Belgian Tranche Revolving
Loans to the Borrowers in US Dollars from its applicable US Lending Offices or in any Designated Foreign Currency from its applicable Non-US Lending Offices in an aggregate principal amount that will not result in (A) such Lender’s Belgian
Tranche Revolving Credit Exposure exceeding its Belgian Tranche Commitment, (B) the aggregate Belgian Tranche Revolving Credit Exposures exceeding the aggregate Belgian Tranche Commitments or (C) the sum of the aggregate Revolving Credit Exposures
and the aggregate Competitive Loan Exposures exceeding the aggregate Commitments. 
  
 (c) Within the foregoing limits and subject to the terms and conditions set forth herein, the Borrowers may borrow, prepay and reborrow Revolving Loans during the Availability Period. 
  

 29 

 SECTION 2.02. Loans and Borrowings; Pro Rata Usage of Tranches. (a) Each US Tranche Revolving Loan
shall be made as part of a Borrowing consisting of US Tranche Revolving Loans made by the US Tranche Lenders (or their Affiliates as provided in paragraph (b) below) ratably in accordance with their respective US Tranche Commitments. Each Belgian
Tranche Revolving Loan shall be made as part of a Borrowing consisting of Belgian Tranche Revolving Loans made by the Belgian Tranche Lenders (or their Affiliates as provided in paragraph (b) below) ratably in accordance with their respective
Belgian Tranche Commitments. Each Competitive Loan shall be made in accordance with the procedures set forth in Section 2.04. The failure of any Lender to make any Loan required to be made by it shall not relieve any other Lender of its obligations
hereunder; provided that the Commitments and Competitive Bids of the Lenders are several and no Lender shall be responsible for any other Lender’s failure to make Loans as required. 
  
 (b) Subject to Section 2.14, (i) each US Tranche Revolving Borrowing shall be
comprised entirely of Eurocurrency Loans or, in the case of US Tranche Revolving Borrowings denominated in US Dollars, ABR Loans, as the applicable Borrower may request in accordance herewith; (ii) each Belgian Tranche Revolving Borrowing shall be
comprised entirely of Eurocurrency Loans or, in the case of Belgian Tranche Revolving Borrowings denominated in US Dollars, ABR Loans, as the applicable Borrower may request in accordance herewith; and (iii) each Competitive Borrowing shall be
comprised entirely of Eurocurrency Loans or Fixed Rate Loans, as the applicable Borrower may request in accordance herewith. Each Lender at its option may make any Eurocurrency Loan by causing any domestic or foreign branch or Affiliate of such
Lender to make such Loan; provided that any exercise of such option shall not affect the obligation of any Borrower to repay such Loan in accordance with the terms of this Agreement. 
  
 (c) At the commencement of each Interest Period for any Revolving Borrowing
(other than a Swingline Loan), such Borrowing shall be in an aggregate amount that is an integral multiple of the Borrowing Multiple and not less than the Borrowing Minimum; provided that an ABR Revolving Borrowing may be in an aggregate
amount that is equal to the entire unused balance of the total US Tranche Commitments or Belgian Tranche Commitments, as the case may be. Each Competitive Borrowing shall be in an aggregate amount that is an integral multiple of the Borrowing
Multiple and not less than the Borrowing Minimum. Each Swingline Loan denominated in US Dollars shall be in an amount that is an integral multiple of US$500,000, and each Swingline Loan denominated in Sterling or Euro shall be in an amount that is
an integral multiple of 100,000 units of such currency; provided that any Swingline Loan made to refinance any reimbursement payment owed in respect of a Letter of Credit may be in an amount (which shall not be less that US$100,000 or 100,000
units of any Designated Foreign Currency) equal to the amount of such reimbursement payment. Borrowings of more than one Type and Class may be outstanding at the same time; provided that there shall not at any time be outstanding more than a
total of (i) 15 Eurocurrency Revolving Borrowings denominated in US Dollars and (ii) 15 Eurocurrency Revolving Borrowings denominated in Designated Foreign Currencies. 
  

 30 

 (d) Notwithstanding any other provision of this Agreement, no Borrower shall be entitled to request, or
to elect to convert or continue, any Revolving Borrowing if the Interest Period requested with respect thereto would end after the Maturity Date, or to request any Competitive Borrowing if the Interest Period requested with respect thereto would end
after the Maturity Date. 
  
 (e) The Borrowers will endeavor in
good faith to use the Commitments under the several Tranches approximately ratably, subject to departures from such ratable usage that may result from (i) Borrowings by the Belgian Borrowing Subsidiaries under the Belgian Tranche Commitments, (ii)
the obtaining of Letters of Credit and Swingline Loans and (iii) the need to reserve availability under the Belgian Tranche Commitments to provide for Borrowings anticipated to be required by the Belgian Borrowing Subsidiaries prior to the ends of
the Interest Periods in effect or to be in effect for outstanding or requested Borrowings. 
  
 SECTION 2.03. Requests for Revolving Borrowings. To request a Revolving Borrowing, the applicable Borrower shall notify the Applicable Agent of such request by telephone or by telecopy (a) in the case of a
Eurocurrency Borrowing, not later than 11:00 a.m., Local Time, three Business Days before the date of the proposed Borrowing or (b) in the case of an ABR Borrowing, not later than 11:00 a.m., Local Time, on the date of the proposed Borrowing. Each
such Borrowing Request shall be irrevocable and, if telephonic, shall be confirmed promptly by hand delivery or telecopy to the Applicable Agent of a written Borrowing Request in a form agreed to by the Applicable Agent and the Borrower Agent and
signed by the applicable Borrower, or by the Borrower Agent on behalf of the applicable Borrower. Each such telephonic and written Borrowing Request shall specify the following information in compliance with Section 2.02: 
  
 (i) the Borrower requesting such Borrowing (or on whose
behalf the Borrower Agent is requesting such Borrowing); 
  
 (ii) whether the requested Borrowing is to be a US Tranche Revolving Borrowing or a Belgian Tranche Revolving Borrowing; 
  
 (iii) the currency and aggregate amount of the requested Borrowing; 
  
 (iv) the date of such Borrowing, which shall be a Business Day; 
  
 (v) the Type of the requested Borrowing; 
  
 (vi) in the case of a Eurocurrency Borrowing, the initial
Interest Period to be applicable thereto, which shall be a period contemplated by the definition of the term “Interest Period”; and 
  
 (vii) the location and number of the relevant Borrower’s account to which funds are to be disbursed, which shall comply with the
requirements of Section 2.07. 
  

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 If no currency is specified with respect to any requested Eurocurrency Borrowing, then the relevant Borrower shall be
deemed to have selected US Dollars. If no election as to the Type of Revolving Borrowing is specified, then the requested Revolving Borrowing shall be (i) in the case of a Borrowing denominated in US Dollars, an ABR Borrowing and (ii) in the case of
a Borrowing denominated in any other currency, a Eurocurrency Borrowing. If no Interest Period is specified with respect to any requested Eurocurrency Revolving Borrowing, then the Borrower shall be deemed to have selected an Interest Period of one
month’s duration. Promptly following receipt of a Borrowing Request in accordance with this Section, the Applicable Agent shall advise each Lender of the details thereof and of the amount of such Lender’s Loan to be made as part of the
requested Borrowing. 
  
 SECTION 2.04. Competitive Bid
Procedure. (a) Subject to the terms and conditions set forth herein, from time to time during the Availability Period any Borrower may request Competitive Bids, and may (but shall not have any obligation to) accept Competitive Bids and borrow
Competitive Loans, denominated in US Dollars, Sterling or Euro; provided that after giving effect to any Borrowing of Competitive Loans the sum of the aggregate Revolving Credit Exposures and the aggregate Competitive Loan Exposures shall not
exceed the aggregate Commitments. To request Competitive Bids, the applicable Borrower shall notify the Administrative Agent of such request by telephone or by telecopy, in the case of a Eurocurrency Borrowing, not later than 11:00 a.m., Local Time,
four Business Days before the date of the proposed Borrowing and, in the case of a Fixed Rate Borrowing, not later than 10:00 a.m., Local Time, one Business Day before the date of the proposed Borrowing; provided that the Borrowers may submit
up to (but not more than) five Competitive Bid Requests on the same day, but a Competitive Bid Request shall not be made within five Business Days after the date of any previous Competitive Bid Request unless any and all such previous Competitive
Bid Requests shall have been withdrawn or all Competitive Bids received in response thereto rejected. Each such telephonic Competitive Bid Request shall be confirmed promptly by hand delivery or telecopy to the Administrative Agent of a written
Competitive Bid Request in a form approved by the Administrative Agent and signed by the applicable Borrower, or by the Borrower Agent on behalf of the applicable Borrower. Each such telephonic and written Competitive Bid Request shall specify the
following information in compliance with Section 2.02: 
  
 (i) the Borrower requesting such Borrowing (or on whose behalf the Borrower Agent is requesting such Borrowing); 
  
 (ii) the aggregate principal amount of the requested Borrowing and the currency of the requested Borrowing; 
  
 (iii) the date of such Borrowing, which shall be a Business
Day; 
  
 (iv) whether such Borrowing is to be a
Eurocurrency Borrowing or a Fixed Rate Borrowing; 
  

 32 

 (v) the Interest Period to be applicable to such Borrowing, which shall be a period
contemplated by the definition of the term “Interest Period” and shall end no later than the Maturity Date; and 
  
 (vi) the location and number of the Borrower’s account to which funds are to be disbursed, which shall comply with the requirements
of Section 2.07. 
  
 Promptly following receipt of a Competitive Bid Request in
accordance with this Section, the Administrative Agent shall notify the Lenders of the details thereof by telecopy, inviting the Lenders to submit Competitive Bids. 
  
 (b) Each Lender may (but shall not have any obligation to) make one or more Competitive Bids to the applicable Borrower in
response to a Competitive Bid Request. Each Competitive Bid by a Lender must be in a form approved by the Administrative Agent and must be received by the Administrative Agent by telecopy, in the case of a Eurocurrency Competitive Borrowing, not
later than 9:30 a.m., Local Time, three Business Days before the proposed date of such Competitive Borrowing, and in the case of a Fixed Rate Borrowing, not later than 9:30 a.m., Local Time, on the proposed date of such Competitive Borrowing.
Competitive Bids that do not conform substantially to the form approved by the Administrative Agent may be rejected by the Administrative Agent, and the Administrative Agent shall notify the applicable Lender as promptly as practicable. Each
Competitive Bid shall specify (i) the principal amount (which shall be an amount at least equal to the Borrowing Minimum and an integral multiple of the Borrowing Multiple and which may equal the entire principal amount of the Competitive Borrowing
requested by the applicable Borrower) of the Competitive Loan or Loans that the Lender is willing to make, (ii) the Competitive Bid Rate or Rates at which the Lender is prepared to make such Loan or Loans (expressed as a percentage rate per annum in
the form of a decimal to no more than four decimal places) and (iii) the Interest Period applicable to each such Loan and the last day thereof. 
  
 (c) The Administrative Agent shall notify the applicable Borrower by telecopy of each Competitive Bid Rate and each principal amount specified in each
Competitive Bid and the identity of the Lender that shall have made each such Competitive Bid not later than (i) in the case of a Eurocurrency Competitive Borrowing, 10:00 a.m., Local Time, three Business Days before the proposed date of such
Competitive Borrowing, and (ii) in the case of a Fixed Rate Borrowing 10:00 a.m., Local Time, on the proposed date of such Competitive Borrowing. 
  
 (d) Subject only to the provisions of this paragraph, a Borrower may accept or reject any Competitive Bid. The applicable Borrower shall notify the
Administrative Agent by telecopy or by telephone, confirmed by telecopy in a form approved by the Administrative Agent, whether and to what extent it has decided to accept or reject each Competitive Bid, in the case of a Eurocurrency Competitive
Borrowing, not later than 11:00 a.m., Local Time, three Business Days before the date of the proposed Competitive Borrowing, and in the case of a Fixed Rate Borrowing, not later than 11:00 a.m., Local Time, on the proposed date of the Competitive
Borrowing; provided that (i) the failure of a Borrower to give such notice with respect to any 

  

 33 

 
Competitive Bid shall be deemed to be a rejection of such Competitive Bid, (ii) a Borrower shall not accept a Competitive Bid made at a particular
Competitive Bid Rate if such Borrower rejects a Competitive Bid made in response to the same Competitive Bid Request at a lower Competitive Bid Rate, (iii) the aggregate amount of the Competitive Bids accepted by a Borrower shall not exceed the
aggregate amount of the requested Competitive Borrowing specified in the related Competitive Bid Request, (iv) to the extent necessary to comply with clause (iii) above, a Borrower may accept Competitive Bids at the same Competitive Bid Rate in
part, which acceptance, in the case of multiple Competitive Bids at such Competitive Bid Rate, shall be made pro rata in accordance with the amount of each such Competitive Bid, and (v) except pursuant to clause (iv) above, no Competitive Bid shall
be accepted for a Competitive Loan unless such Competitive Loan is in a minimum principal amount of at least the Borrowing Minimum that is an integral multiple of the Borrowing Multiple; provided further that if a Competitive Loan must
be in an amount less than the Borrowing Minimum because of the provisions of clause (iv) above, such Competitive Loan may be for a minimum of US$1,000,000 (or, in the case of a Competitive Loan denominated in Sterling or Euro, the smallest amount of
such currency that (i) is an integral multiple of 1,000,000 units of such currency and (ii) has a US Dollar Equivalent in excess of US$1,000,000) or any integral multiple thereof, and in calculating the pro rata allocation of acceptances of portions
of multiple Competitive Bids at a particular Competitive Bid Rate pursuant to clause (iv) the amounts shall be rounded to integral multiples of the Borrowing Multiple in a manner determined by the Administrative Agent. A notice given by a Borrower
pursuant to this paragraph shall be irrevocable. 
  
 (e) The
Administrative Agent shall promptly notify each bidding Lender by telecopy whether or not its Competitive Bid has been accepted (and, if so, the amount and Competitive Bid Rate so accepted), and each successful bidder will thereupon become bound, on
the terms hereof and subject to the conditions set forth in Section 4.02 (which conditions, insofar as they apply to any Competitive Loan, may be waived by the Lender that is to make such Competitive Loan), to make the Competitive Loan in respect of
which its Competitive Bid has been accepted. 
  
 (f) If the
Administrative Agent shall elect to submit a Competitive Bid in its capacity as a Lender, it shall submit such Competitive Bid directly to the applicable Borrower at least one quarter of an hour earlier than the time by which the other Lenders are
required to submit their Competitive Bids to the Administrative Agent pursuant to paragraph (b) of this Section. 
  
 SECTION 2.05. Letters of Credit. (a) General. Subject to the terms and conditions set forth herein, any Borrower may request the issuance
(or the amendment, renewal or extension) of Letters of Credit denominated in US Dollars, Sterling, Euro or Canadian Dollars in a form reasonably acceptable to the Administrative Agent and the applicable Issuing Bank, at any time and from time to
time during the Availability Period. In the event of any inconsistency between the terms and conditions of this Agreement and the terms and conditions of any form of letter of credit application or other agreement submitted by any Borrower to, or
entered into by such Borrower with, any Issuing Bank relating to any Letter of Credit, the terms and conditions of this Agreement shall control. 
  

 34 

 (b) Notice of Issuance, Amendment, Renewal, Extension; Certain Conditions. To request the issuance
of a Letter of Credit (or the amendment, renewal or extension of an outstanding Letter of Credit), the applicable Borrower shall hand deliver or telecopy (or transmit by electronic communication, if arrangements for doing so have been approved by
the applicable Issuing Bank) to an Issuing Bank and the Applicable Agent (in any case reasonably in advance of the requested date of issuance, amendment, renewal or extension), a notice requesting the issuance of a Letter of Credit, or identifying
the Letter of Credit to be amended, renewed or extended, the date of issuance, amendment, renewal or extension (which shall be a Business Day), the date on which such Letter of Credit is to expire (which shall comply with paragraph (c) of this
Section), the amount and currency of such Letter of Credit, the name and address of the beneficiary thereof and such other information as shall be necessary to enable the Issuing Bank to prepare, amend, renew or extend such Letter of Credit. If
requested by the applicable Issuing Bank, the applicable Borrower also shall submit a letter of credit application on such Issuing Bank’s standard form in connection with any request for a Letter of Credit. A Letter of Credit shall be issued,
amended, renewed or extended only if (and upon issuance, amendment, renewal or extension of each Letter of Credit the applicable Borrower shall be deemed to represent and warrant that), after giving effect to such issuance, amendment, renewal or
extension (i) the LC Exposure shall not exceed $250,000,000, (ii) the aggregate US Tranche Revolving Credit Exposure will not exceed the aggregate US Tranche Commitments, and (iii) the sum of the aggregate Revolving Credit Exposures and the
aggregate Competitive Loan Exposures will not exceed the aggregate Commitments. 
  
 (c) Expiration Date. Each Letter of Credit shall expire at or prior to the close of business on the earlier of (i) the date one year after the date of the issuance, renewal or extension of such Letter of Credit
and (ii) the date that is five Business Days prior to the Maturity Date; provided that a Letter of Credit may provide for automatic renewals for additional periods of up to one year, subject to a right on the part of the Issuing Bank to
prevent any such renewal from occurring by giving notice to the beneficiary during a period satisfactory to the Administrative Agent in advance of any such renewal and provided that in no event shall any Letter of Credit or renewal thereof expire
after the date that is five Business Days prior to the Maturity Date. 
  
 (d) Participations. By the issuance of a Letter of Credit (or an amendment to a Letter of Credit increasing the amount thereof) and without any further action on the part of the applicable Issuing Bank or the US Tranche Lenders, such
Issuing Bank hereby grants to each US Tranche Lender, and each US Tranche Lender hereby acquires from such Issuing Bank, a participation in such Letter of Credit equal to such US Tranche Lender’s US Tranche Percentage of the aggregate amount
available to be drawn under such Letter of Credit. In consideration and in furtherance of the foregoing, each US Tranche Lender hereby absolutely and unconditionally agrees to pay to the Applicable Agent, for the account of the applicable Issuing
Bank, such Lender’s US Tranche Percentage of each LC Disbursement made by such Issuing Bank and not reimbursed by the applicable Borrower on the date due as provided in paragraph (e) of this Section, or of any reimbursement payment required to
be refunded to the applicable Borrower for any reason. Each US Tranche Lender acknowledges and agrees that its 

  

 35 

 
obligation to acquire participations pursuant to this paragraph in respect of Letters of Credit is absolute and unconditional and shall not be affected by
any circumstance whatsoever, including any amendment, renewal or extension of any Letter of Credit or the occurrence and continuance of a Default or reduction or termination of the US Tranche Commitments, and that each such payment shall be made
without any offset, abatement, withholding or reduction whatsoever. 
  
 (e) Reimbursement. If any Issuing Bank shall make any LC Disbursement in respect of a Letter of Credit, the applicable Borrower shall reimburse such LC Disbursement by paying to the Applicable Agent an amount equal to such LC
Disbursement, in the currency in which such LC Disbursement shall have been made, not later than 12:00 noon, Local Time, on the date that such LC Disbursement is made, if the Borrower shall have received notice of such LC Disbursement prior to 10:00
a.m., Local Time, on such date, or, if such notice has not been received by the Borrower prior to such time on such date, then not later than 12:00 noon, Local Time, on (A) the Business Day that the Borrower receives such notice, if such notice is
received prior to 10:00 a.m., Local Time, on the day of receipt, or (B) the Business Day immediately following the day that the Borrower receives such notice, if such notice is not received prior to such time on the day of receipt. If the Borrower
fails to make such payment when due then, the Applicable Agent shall notify each US Tranche Lender of the applicable LC Disbursement, the payment then due from the Borrower in respect thereof and such Lender’s US Tranche Percentage thereof.
Promptly following receipt of such notice, each US Tranche Lender shall pay to the Applicable Agent its US Tranche Percentage of the payment then due from the applicable Borrower in the same manner as provided in Section 2.07 with respect to Loans
made by such US Tranche Lender (and Section 2.07 shall apply, mutatis mutandis, to the payment obligations of the US Tranche Lenders), and the Applicable Agent shall promptly pay to the applicable Issuing Bank the amounts so received
by it from the US Tranche Lenders. Promptly following receipt by the Applicable Agent of any payment from any Borrower pursuant to this paragraph, the Applicable Agent shall distribute such payment to the applicable Issuing Bank or, to the extent
that US Tranche Lenders have made payments pursuant to this paragraph to reimburse any Issuing Bank, then to such US Tranche Lenders and such Issuing Bank as their interests may appear. Any payment made by a US Tranche Lender pursuant to this
paragraph to reimburse any Issuing Bank for any LC Disbursement shall not constitute a Loan and shall not relieve any Borrower of its obligation to reimburse such LC Disbursement. 
  
 (f) Obligations Absolute. The Borrowers’ obligations to reimburse LC Disbursements as provided in paragraph (e)
of this Section shall be absolute, unconditional and irrevocable, and shall be performed strictly in accordance with the terms of this Agreement under any and all circumstances whatsoever and irrespective of (i) any lack of validity or
enforceability of any Letter of Credit or this Agreement or any other Credit Document, or any term or provision herein or therein, (ii) any draft or other document presented under a Letter of Credit proving to be forged, fraudulent or invalid in any
respect or any statement therein being untrue or inaccurate in any respect, (iii) payment by any Issuing Bank under a Letter of Credit against presentation of a draft or other document that does not comply with the terms of such Letter of Credit, or
(iv) any 

  

 36 

 
other event or circumstance whatsoever, whether or not similar to any of the foregoing, that might, but for the provisions of this Section, constitute a
legal or equitable discharge of, or provide a right of setoff against, the Borrower’s obligations hereunder. None of the Agents, the US Tranche Lenders or the Issuing Banks, or any of their Related Parties, shall have any liability or
responsibility by reason of or in connection with the issuance or transfer of any Letter of Credit or any payment or failure to make any payment thereunder (irrespective of any of the circumstances referred to in the preceding sentence), or any
error, omission, interruption, loss or delay in transmission or delivery of any draft, notice or other communication under or relating to any Letter of Credit (including any document required to make a drawing thereunder), any error in the
interpretation of the terms of any Letter of Credit or any consequence arising from causes beyond the control of the applicable Issuing Bank; provided that the foregoing shall not be construed to excuse any Issuing Bank from liability to any
Borrower to the extent of any direct damages (as opposed to consequential damages, claims in respect of which are hereby waived by the Borrowers) suffered by such Borrower that are caused by any Issuing Bank’s gross negligence or wilful
misconduct. In furtherance of the foregoing and without limiting the generality thereof, the parties agree that, with respect to documents presented which appear on their face to be in substantial compliance with the terms of a Letter of Credit, the
applicable Issuing Bank may, acting in good faith, either accept and make payment upon such documents without responsibility for further investigation or refuse to accept and make payment upon such documents if such documents are not in strict
compliance with the terms of such Letter of Credit. 
  
 (g)
Disbursement Procedures. The applicable Issuing Bank shall, promptly following its receipt thereof, examine all documents purporting to represent a demand for payment under a Letter of Credit. The applicable Issuing Bank shall promptly notify
the Applicable Agent and the applicable Borrower by telephone (confirmed by telecopy) of such demand for payment and whether such Issuing Bank has made or will make an LC Disbursement thereunder; provided that any failure to give or delay in
giving such notice shall not relieve any Borrower of its obligation to reimburse such Issuing Bank and the US Tranche Lenders with respect to any such LC Disbursement. 
  
 (h) Interim Interest. If an Issuing Bank shall make any LC Disbursement, then, unless the applicable Borrower shall
reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that such Borrower
reimburses such LC Disbursement, at (i) in the case of any LC Disbursement denominated in US Dollars, the rate per annum then applicable to ABR Revolving Loans and (ii) in the case of any LC Disbursement denominated in Sterling, Euro or Canadian
Dollars, a rate per annum determined by the applicable Issuing Bank (which determination will be presumed correct in the absence of facts or circumstances indicating that it has been made in error) to represent its cost of funds plus the Applicable
Rate used to determine interest applicable to Eurocurrency Revolving Loans; provided that, at all times after such Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (e) of this Section, Section 2.13(e) shall
apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable Issuing Bank, except 

  

 37 

 
that interest accrued on and after the date of payment by any US Tranche Lender pursuant to paragraph (e) of this Section to reimburse the applicable Issuing
Bank shall be for the account of such US Tranche Lender to the extent of such payment. 
  
 (i) Cash Collateralization. If the US Tranche Commitments shall be terminated or if any Event of Default shall occur and be continuing, on the Business Day that the Borrower Agent, on behalf of the applicable
Borrowers, receives notice from the Administrative Agent or the Required Lenders (or, if the maturity of the Loans has been accelerated, US Tranche Lenders with LC Exposures representing greater than 50% of the total LC Exposure) demanding the
deposit of cash collateral pursuant to this paragraph, the applicable Borrowers shall deposit in an account with the Administrative Agent, in the name of the Administrative Agent and for the benefit of the US Tranche Lenders an amount in cash equal
to the LC Exposure as of such date plus any accrued and unpaid interest thereon; provided that the obligation to deposit such cash collateral with respect to the LC Exposure shall become effective immediately, and such deposit shall become
immediately due and payable, without demand or other notice of any kind, upon the occurrence of any Event of Default with respect to Holdings, the Company, ASII or any applicable Borrower described in clause (g) or (h) of Section 7.01. Such deposit
shall be held by the Administrative Agent as collateral for the payment and performance of the obligations of the Credit Parties under the Credit Documents. The Administrative Agent shall have exclusive dominion and control, including the exclusive
right of withdrawal, over such account. Other than any interest earned on the investment of such deposits, which investments shall be made at the option and sole discretion of the Administrative Agent and the applicable Borrowers’ risk and
expense, such deposits shall not bear interest. Interest or profits, if any, on such investments shall accumulate in such account. Moneys in such account shall be applied by the Administrative Agent to reimburse the applicable Issuing Bank for LC
Disbursements for which it has not been reimbursed and, to the extent not so applied, shall be held for the satisfaction of the reimbursement obligations of the Borrowers for the LC Exposures at such time or, if the maturity of the Loans has been
accelerated (but subject to the consent of US Tranche Lenders with LC Exposures representing greater than 50% of the total LC Exposure), be applied to satisfy other obligations of the Credit Parties under the Credit Documents. If the Borrowers are
required to provide an amount of cash collateral hereunder as a result of the occurrence of an Event of Default, such amount (to the extent not applied as aforesaid) shall be returned to them within three Business Days after all Events of Default
have been cured or waived. 
  
 (j) Existing Letters of
Credit. Each Existing Letter of Credit shall for all purposes of this Agreement be deemed a Letter of Credit issued under this Agreement. 
  
 SECTION 2.06. Swingline Loans. (a) Subject to the terms and conditions set forth herein, (i) the Swingline Lender agrees to make US Tranche
Swingline Loans to the Borrowers from time to time during the Availability Period (A) in US Dollars in an aggregate principal amount at any time outstanding that will not result in (w) the US Dollar Swingline Exposure exceeding the US Dollar
Swingline Sublimit, (x) the aggregate principal amount of outstanding Swingline Loans exceeding $150,000,000, (y) the aggregate US Tranche Revolving Credit Exposures exceeding the aggregate US 

  

 38 

 
Tranche Commitments or (z) the sum of the aggregate Revolving Credit Exposures and the aggregate Competitive Loan Exposures exceeding the aggregate
Commitments, and (B) in Sterling or Euro in an aggregate principal amount at any time outstanding that will not result in (w) the Sterling/Euro Swingline Exposure exceeding the Sterling/Euro Swingline Sublimit, (x) the aggregate principal amount of
outstanding Swingline Loans exceeding $150,000,000, (y) the aggregate US Tranche Revolving Credit Exposures exceeding the aggregate US Tranche Commitments or (z) the sum of the aggregate Revolving Credit Exposures and the aggregate Competitive Loan
Exposures exceeding the aggregate Commitments and (ii) the Swingline Lender agrees to make Belgian Tranche Swingline Loans to the Belgian Borrowers from time to time during the Availability Period in Euro in an aggregate principal amount at any time
outstanding that will not result in (w) the Belgian Tranche Swingline Exposure exceeding the Belgian Swingline Sublimit, (x) the aggregate principal amount of outstanding Swingline Loans exceeding $150,000,000, (y) the aggregate Belgian Tranche
Revolving Credit Exposures exceeding the aggregate Belgian Tranche Commitments or (z) the sum of the aggregate Revolving Credit Exposures and the aggregate Competitive Loan Exposures exceeding the aggregate Commitments; provided that no
Swingline Loan shall be made to refinance an outstanding Swingline Loan. Within the foregoing limits and subject to the terms and conditions set forth herein, the Borrowers may borrow, prepay and reborrow Swingline Loans. 
  
 (b) To request a Swingline Loan, a Borrower shall give notice of such request
by telephone (confirmed by telecopy) (i) in the case of a US Tranche Swingline Loan denominated in US Dollars, to the Swingline Lender (with a copy to the Applicable Agent), not later than 12:00 noon, New York City time, (ii) in the case of US
Tranche Swingline Loan denominated in Sterling or Euro, to the Swingline Lender (with a copy to the Applicable Agent), not later than 1:00 p.m., London time, and (iii) in the case of a Belgian Tranche Swingline Loan, to the Swingline Lender (with a
copy to the Applicable Agent) not later than 1:00 p.m., Brussels time, in each case on the day of the proposed Swingline Loan. Each such notice shall be irrevocable and shall specify the requested date (which shall be a Business Day), amount and
currency of the requested Swingline Loan. The Swingline Lender shall make each Swingline Loan available to the applicable Borrower by means of a credit to the general deposit account of such Borrower with the Swingline Lender (or, in the case of a
Swingline Loan made to finance the reimbursement of an LC Disbursement as provided in Section 2.05(e), by remittance to the Issuing Bank) by (i) 3:00 p.m., New York City time, on the requested date of such Swingline Loan in the case of a US Tranche
Swingline Loan denominated in US Dollars, (ii) 4:00 p.m., Local Time, on the requested date of such Swingline Loan in the case of a US Tranche Swingline Loan denominated in Sterling or Euro and (iii) 4:00 p.m., Brussels time, on the requested date
of such Swingline Loan in the case of a Belgian Tranche Swingline Loan. 
  
 (c) The Swingline Lender may by written notice given to the Administrative Agent not later than 10:00 a.m., New York City time, on any Business Day require (i) the US Tranche Lenders to acquire participations on such Business Day in all or
a portion of the US Tranche Swingline Loans outstanding or (ii) the Belgian Tranche Lenders to acquire participations on such Business Day in all or a portion of the 

  

 39 

 
Belgian Tranche Swingline Loans outstanding. Such notice shall specify the amounts and currencies of the Swingline Loans in which the Lenders under the
applicable Tranche will participate. Promptly upon receipt of such notice, the Administrative Agent will give notice thereof to each Lender under the applicable Tranche, specifying in such notice such Lender’s Tranche Percentage of each such
Swingline Loan or Loans. Each Lender hereby absolutely and unconditionally agrees, upon receipt of notice as provided above, to pay to the Administrative Agent, for the account of the Swingline Lender, such Lender’s Tranche Percentage of each
such Swingline Loan or Loans. Each Lender acknowledges and agrees that its obligation to acquire participations in Swingline Loans pursuant to this paragraph is absolute and unconditional and shall not be affected by any circumstance whatsoever,
including the occurrence and continuance of a Default or reduction or termination of the Commitments, and that each such payment shall be made without any offset, abatement, withholding or reduction whatsoever. Each Lender shall comply with its
obligation under this paragraph by wire transfer of immediately available funds, in the same manner as provided in Section 2.07 with respect to Loans made by such Lender (and Section 2.07 shall apply, mutatis mutandis, to the payment
obligations of the US Tranche Lenders), and the Administrative Agent shall promptly pay to the Swingline Lender the amounts so received by it from the Lenders. The Administrative Agent shall notify the Borrower Agent of any participations in any
Swingline Loan acquired pursuant to this paragraph, and thereafter payments in respect of such Swingline Loan shall be made to the Administrative Agent and not to the Swingline Lender. Any amounts received by the Swingline Lender from any Borrower
(or other party on behalf of any Borrower) in respect of a Swingline Loan after receipt by the Swingline Lender of the proceeds of a sale of participations therein shall be promptly remitted to the Administrative Agent; any such amounts received by
the Administrative Agent shall be promptly remitted by the Administrative Agent to the Lenders that shall have made their payments pursuant to this paragraph and to the Swingline Lender, as their interests may appear. The purchase of participations
in a Swingline Loan pursuant to this paragraph shall not relieve the applicable Borrower of any default in the payment thereof. 
  
 (d) The Borrower Agent may from time to time, but in no event more than once during any fiscal quarter, upon ten Business Days’ prior written notice
to the Administrative Agent and the Swingline Lender, increase one or two Swingline Sublimits and simultaneously decrease the other Swingline Sublimit(s) in amounts that will result in the sum of the US Dollar Swingline Sublimit, the Sterling/Euro
Swingline Sublimit and the Belgian Swingline Sublimit remaining unchanged after giving effect to such increases and decreases; provided that no such adjustment shall be made that would result in (i) the US Dollar Swingline Exposure exceeding
the US Dollar Swingline Sublimit, (ii) the Sterling/Euro Swingline Exposure exceeding the Sterling/Euro Swingline Sublimit or (iii) the Belgian Swingline Exposure exceeding the Belgian Swingline Sublimit. Any such notice shall set forth the amount
of the increase or decrease in each Swingline Sublimit and the date on which such adjustment is requested to become effective. Notwithstanding the foregoing, no reallocation of Swingline Sublimits pursuant to this paragraph shall result in the
Belgian Swingline Sublimit exceeding $75,000,000. 
  
 SECTION
2.07. Funding of Borrowings. (a) Each Lender shall make each Loan to be made by it hereunder on the proposed date thereof by wire transfer of 

  

 40 

 
immediately available funds in the applicable currency by 1:00 p.m., Local Time, to the account of the Applicable Agent most recently designated by it for
such purpose by notice to the applicable Lenders; provided that Swingline Loans shall be made as provided in Section 2.06. The Applicable Agent will make such Loans available to the applicable Borrower by promptly crediting the amounts so
received, in like funds, to an account of such Borrower maintained with the Applicable Agent (i) in New York City, in the case of Loans denominated in US Dollars, (ii) in London, in the case of Loans denominated in Designated Foreign Currencies
(other than Loans to any Belgian Borrowing Subsidiary pursuant to the Belgian Tranche Commitments), and (iii) in Brussels, in the case of Loans to any Belgian Borrowing Subsidiary pursuant to the Belgian Tranche Commitments, and designated by such
Borrower in the applicable Borrowing Request or Competitive Bid Request; provided that Loans made to finance the reimbursement of an LC Disbursement shall be remitted by the Applicable Agent to the applicable Issuing Bank. 
  
 (b) Unless the Applicable Agent shall have received notice from a Lender
prior to the proposed date of any Borrowing that such Lender will not make available to the Applicable Agent such Lender’s share of such Borrowing, the Applicable Agent may assume that such Lender has made such share available on such date in
accordance with paragraph (a) of this Section and may, in reliance upon such assumption, make available to the applicable Borrower a corresponding amount. In such event, if a Lender has not in fact made its share of the applicable Borrowing
available to the Applicable Agent, then the applicable Lender and the Borrowers severally agree to pay to the Applicable Agent forthwith on demand such corresponding amount with interest thereon, for each day from and including the date such amount
is made available to the applicable Borrower to but excluding the date of payment to the Applicable Agent, at (i) in the case of such Lender, a rate determined by the Applicable Agent in accordance with banking industry rules on interbank
compensation or (ii) in the case of a Borrower, the interest rate applicable to such Borrowing. If such Lender pays such amount to the Applicable Agent, then such amount shall constitute such Lender’s Loan included in such Borrowing.

  
 SECTION 2.08. Interest Elections. (a) Each Revolving
Borrowing initially shall be of the Type specified in the applicable Borrowing Request and, in the case of a Eurocurrency Revolving Borrowing, shall have an initial Interest Period as specified in such Borrowing Request. Thereafter, the applicable
Borrower may elect to convert such Borrowing to a Borrowing of a different Type or to continue such Borrowing, and, in the case of a Eurocurrency Revolving Borrowing, may elect Interest Periods therefor, all as provided in this Section. The
applicable Borrower may elect different options with respect to different portions of the affected Borrowing, in which case each such portion shall be allocated ratably among the Lenders holding the Loans comprising such Borrowing, and any Loans
resulting from an election made with respect to any such portion shall be considered a separate Borrowing. Notwithstanding any other provision of this Section, no Borrowing may be converted into or continued as a Borrowing with an Interest Period
ending after the Maturity Date. This Section shall not apply to Competitive Borrowings or Swingline Borrowings, which may not be converted or continued. 
  

 41 

 (b) To make an election pursuant to this Section, a Borrower (or Holdings on its behalf) shall notify the
Applicable Agent of such election by telephone or by telecopy by the time and date that a Borrowing Request would be required under Section 2.03 if such Borrower were requesting a Revolving Borrowing of the Type resulting from such election to be
made on the effective date of such election. Each such Interest Election Request shall be irrevocable and, if telephonic, shall be confirmed promptly by hand delivery or telecopy to the Applicable Agent of a written Interest Election Request in a
form approved by the Applicable Agent and signed by the applicable Borrower (or Holdings on its behalf). The provisions of this Section shall not permit any Borrower to (i) change the currency of any Borrowing, (ii) elect an Interest Period for
Eurocurrency Loans that does not comply with Section 2.02(d), (iii) convert any Borrowing to a Borrowing not available under the Class of Commitments pursuant to which such converted Borrowing was made or (iv) convert any Borrowing of a Borrower to
a Borrowing of another Borrower. 
  
 (c) Each telephonic and
written Interest Election Request shall specify the following information in compliance with Section 2.02: 
  
 (i) the Borrowing to which such Interest Election Request applies and, if different options are being elected with respect to different
portions thereof, the portions thereof to be allocated to each resulting Borrowing (in which case the information to be specified pursuant to clauses (iii) and (iv) below shall be specified for each resulting Borrowing); 
  
 (ii) the effective date of the election made pursuant to
such Interest Election Request, which shall be a Business Day; 
  
 (iii) whether the resulting extension of credit is to be an ABR Borrowing or a Eurocurrency Borrowing; and 
  
 (iv) if the resulting extension of credit is a Eurocurrency Borrowing, the Interest Period to be applicable thereto after giving effect to
such election, which shall be a period contemplated by the definition of the term “Interest Period”. 
  
 If any such Interest Election Request requests a Eurocurrency Borrowing but does not specify an Interest Period, then the applicable Borrower shall be deemed to have selected an Interest Period of one month’s
duration. 
  
 (d) Promptly following receipt of an Interest
Election Request, the Applicable Agent shall advise each Lender to which such Interest Election Request relates of the details thereof and of such Lender’s portion of each resulting Borrowing. 
  
 (e) If a Borrower fails to deliver a timely Interest Election Request with
respect to a Eurocurrency Revolving Borrowing prior to the end of the Interest Period applicable thereto, then, unless such Borrowing is repaid as provided herein, at the end of such Interest Period, such Borrowing shall (i) in the case of a
Borrowing denominated in US Dollars, be converted to an ABR Borrowing and (ii) in the case of a Eurocurrency Borrowing denominated in any currency other than US Dollars, become due and payable 

  

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on the last day of such Interest Period. Notwithstanding any contrary provision hereof, if an Event of Default has occurred and is continuing and the
Administrative Agent, at the request of the Required Lenders, so notifies the Borrower Agent, then, so long as an Event of Default is continuing (i) no outstanding Revolving Borrowing denominated in US Dollars may be converted to or continued as a
Eurocurrency Borrowing, (ii) no outstanding Eurocurrency Revolving Borrowing denominated in a Designated Foreign Currency may be converted to or continued as a Eurocurrency Borrowing with an Interest period of greater than one month and (iii) unless
repaid, each Eurocurrency Revolving Borrowing denominated in US Dollars shall be converted to an ABR Borrowing at the end of the Interest Period applicable thereto. 
  
 SECTION 2.09. Termination, Reduction and Increase of Commitments; Adjustment of Tranche Commitments. (a) Unless
previously terminated, the Commitments shall terminate on the Maturity Date. 
  
 (b) The Borrower Agent may at any time terminate, or from time to time reduce, the Commitments under any Tranche; provided that (i) each reduction of the Commitments under any Tranche shall be in an amount that
is an integral multiple of US$1,000,000 and not less than US$5,000,000 and (ii) the Borrower Agent shall not terminate or reduce the Commitments if, after giving effect to any concurrent prepayment of the Loans in accordance with Section 2.11, the
sum of the total Revolving Credit Exposures plus the total Competitive Loan Exposures would exceed the total Commitments or the aggregate Revolving Credit Exposures under any Tranche would exceed the aggregate Commitments under such Tranche.

  
 (c) The Borrower Agent shall notify the Administrative Agent
of any election to terminate or reduce the Commitments under any Tranche under paragraph (b) of this Section at least three Business Days prior to the effective date of such termination or reduction, specifying such election and the effective date
thereof. Promptly following receipt of any notice, the Administrative Agent shall advise the other Agents and the applicable Lenders of the contents thereof. Each notice delivered by the Borrower Agent pursuant to this Section shall be irrevocable;
provided that a notice of termination of the Commitments delivered by the Borrower Agent may state that such notice is conditioned upon the effectiveness of other credit facilities, in which case such notice may be revoked by the Borrower
Agent (by notice to the Administrative Agent on or prior to the specified effective date) if such condition is not satisfied. Any termination or reduction of the Commitments shall be permanent. Each reduction of the Commitments under any Tranche
shall be made ratably among the Lenders in accordance with their respective Commitments under such Tranche. 
  
 (d) (i) The Borrower Agent may, by written notice to the Administrative Agent, request that the total Commitments under any Tranche be increased (a
“Commitment Increase”) by an amount for each increased Tranche of not less than US$25,000,000; provided that the aggregate amount of increases under all Tranches pursuant to this paragraph shall not exceed US$250,000,000.
Such notice shall set forth the amount of the requested increase in each Tranche and the date (the “Increase Effective Date”) on which such increase is requested to become effective (which shall be 

  

 43 

 
not less than 10 Business Days or more than 30 days after the date of such notice), and shall offer each Lender holding a Commitment under each applicable
Tranche the opportunity to increase its Commitment in such Tranche by its Tranche Percentage of the proposed increased amount. Each such Lender shall, by notice to the Borrower Agent and the Administrative Agent given not more than 5 Business Days
after the date of the Borrower Agent notice, either agree to increase its applicable Commitment by all or a portion of the offered amount (each Lender so agreeing being an “Increasing Lender” with respect to such Tranche) or decline
to increase its applicable Commitment (and any Lender that does not deliver such a notice within such period of 5 Business Days shall be deemed to have declined to increase its Commitment) (each Lender so declining or deemed to have declined being a
“Non-Increasing Lender” with respect to such Tranche). In the event that on the 5th Business Day after the Borrower Agent shall have delivered a notice pursuant to the first sentence of this paragraph the Lenders shall have agreed
pursuant to the preceding sentence to increase their Commitments under any Tranche by an aggregate amount less than the increase in the total Commitments requested by the Borrower Agent, the Borrower Agent may arrange for one or more banks or other
financial institutions (any such bank or other financial institution being called an “Augmenting Lender” with respect to such Tranche), which may include any Lender, to extend Commitments in an aggregate amount equal to the
unsubscribed amount; provided that each Augmenting Lender, if not already a Lender hereunder, shall be subject to the approval of the Administrative Agent, each Issuing Bank and the Swingline Lender (which approvals shall not be unreasonably
withheld) and the Credit Parties and each Augmenting Lender shall execute all such documentation as the Administrative Agent and the Borrower Agent shall reasonably specify to evidence the Commitment of such Augmenting Lender and/or its status as a
Lender hereunder. 
  
 (ii) On any Increase Effective Date, (A) the
aggregate principal amount of the Revolving Loans outstanding under each Tranche under which a Commitment Increase will become effective (the “Initial Loans” under such Tranche) immediately prior to giving effect to the applicable
Commitment Increase on the Increase Effective Date shall be deemed to be repaid, (B) after the effectiveness of the Commitment Increase, the Borrowers holding Commitments under such Tranche shall be deemed to have made new Borrowings (the
“Subsequent Borrowings”) in an aggregate principal amount equal to the aggregate principal amount of the Initial Loans under such Tranche and of the types and for the Interest Periods specified in a Borrowing Request delivered to
the Administrative Agent in accordance with Section 2.03, (C) each Lender under such Tranche shall pay to the Applicable Agent in same day funds in the relevant currencies an amount equal to the difference, if positive, between (x) such
Lender’s Tranche Percentage (calculated after giving effect to the Commitment Increase) of the Subsequent Borrowings and (y) such Lender’s Tranche Percentage (calculated without giving effect to the Commitment Increase) of the Initial
Loans, (D) after the Applicable Agent receives the funds specified in clause (C) above, the Applicable Agent shall pay to each Lender under such Tranche the portion of such funds that is equal to the difference, if positive, between (1) such
Lender’s Tranche Percentage (calculated without giving effect to the Commitment Increase) of the Initial Loans and (2) such Lender’s Tranche Percentage (calculated after giving effect to the Commitment Increase) of the amount of the
Subsequent Borrowings, (E) each Non-Increasing Lender, each Increasing Lender and 

  

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each Augmenting Lender shall be deemed to hold its Tranche Percentage of each Subsequent Borrowing (each calculated after giving effect to the Commitment
Increase) and (F) each applicable Borrower shall pay each Increasing Lender and each Non-Increasing Lender any and all accrued but unpaid interest on the Initial Loans. The deemed payments made pursuant to clause (A) above in respect of each
Eurocurrency Loan shall be subject to indemnification by the Borrowers pursuant to the provisions of Section 2.16 if the Increase Effective Date occurs other than on the last day of the Interest Period relating thereto and breakage costs result
therefrom. 
  
 (iii) Notwithstanding the foregoing, an increase in
the Commitments under any Tranche (or in any Commitment of any Lender) or addition of an Augmenting Lender shall become effective under this Section only if (A) on the date of such increase, the conditions set forth in paragraph (f) of Section 4.01
shall be satisfied and the Administrative Agent shall have received a certificate to that effect dated such date and executed by a Financial Officer of the Borrower Agent, and (B) the Administrative Agent shall have received (with sufficient copies
for each of the Lenders) documents consistent with those delivered pursuant to Section 4.03(b) in connection with the designation of a new Borrowing Subsidiary as to the corporate power and authority of the applicable Borrowers to borrow hereunder
after giving effect to such increase. 
  
 (e) (i) The Borrower
Agent may from time to time, by written notice to the Administrative Agent, request that the total Commitments under either Tranche be increased by an amount for each increased Tranche of not less than US$5,000,000, and that simultaneous decreases
be made to the Commitments under other Tranche in amounts that will result in the aggregate amount of the Commitments under both the Tranches remaining unchanged after giving effect to such increases and decreases. Any such notice shall set forth
the amount of the requested increase or decrease in each Tranche and the date on which such adjustment is requested to become effective (which shall be not less than 10 Business Days or more than 30 days after the date of such notice), and shall
offer each Lender holding a Commitment under any increasing Tranche the opportunity to increase its Commitment in such Tranche by its Tranche Percentage of the proposed increased amount. Each such Lender shall, by notice to the Borrower Agent and
the Administrative Agent given not more than 5 Business Days after the date of the Borrower Agent’s notice, either agree to increase its applicable Commitment by all or a portion of the offered amount (each Lender so agreeing being a
“Tranche Increasing Lender” with respect to such Tranche) or decline to increase its applicable Commitment (and any Lender that does not deliver such a notice within such period of 5 Business Days shall be deemed to have declined to
increase its Commitment) (each Lender so declining or deemed to have declined being a “Tranche Non-Increasing Lender” with respect to such Tranche). In the event that on the 5th Business Day after the Borrower Agent shall have
delivered a notice pursuant to the first sentence of this paragraph the Lenders shall not have agreed pursuant to the preceding sentence to increase their Commitments under a Tranche by an aggregate amount at least equal to the increase in the total
Commitments requested by the Borrower Agent, the Borrower Agent may arrange for one or more banks or other financial institutions (any such bank or other financial institution being called a “Tranche Augmenting Lender” with respect
to such Tranche), which may include any Lender, to extend Commitments in an aggregate 

  

 45 

 
amount equal to the unsubscribed amount; provided that each Tranche Augmenting Lender, if not already a Lender hereunder, shall be subject to the
approval of the Administrative Agent, each Issuing Bank and the Swingline Lender (which approvals shall not be unreasonably withheld) and the Credit Parties and each Tranche Augmenting Lender shall execute all such documentation as the
Administrative Agent shall reasonably specify to evidence the Commitment of such Tranche Augmenting Lender and/or its status as a Lender hereunder. Any increase in the Commitments under any Tranche may be made in an amount less than the increase
requested by the Borrower Agent if the Borrower Agent is unable to arrange for, or chooses not to arrange for, Tranche Augmenting Lenders. Not less than three Business Days prior to the effective date (the “Tranche Increase Effective
Date”) of any increase (each a “Tranche Commitment Increase”) in the total Commitments under any Tranche pursuant to this paragraph (e), the Borrower Agent shall by written notice to the Administrative Agent confirm the
decreases (each a “Tranche Commitment Decrease”) to be made to the Commitments under the other Tranches specified in the original notice given in respect of the proposed adjustments or shall specify the Tranche Commitment Decreases
to be made in lieu thereof that will result in the aggregate amount of the Commitments under all the Tranches remaining unchanged after giving effect to the Tranche Commitment Increases and Tranche Commitment Decreases to be made on the Tranche
Increase Effective Date. 
  
 (ii) On any Tranche Increase
Effective Date, (A) the aggregate principal amount of the Revolving Loans outstanding under each Tranche under which a Tranche Commitment Increase will become effective (the “Initial Tranche Loans” under such Tranche) immediately
prior to giving effect to the applicable Tranche Commitment Increase on the Tranche Increase Effective Date shall be deemed to be repaid, (B) after the effectiveness of the Tranche Commitment Increase, the Borrowers holding Commitments under such
Tranche shall be deemed to have made new Borrowings (the “Subsequent Tranche Borrowings”) in an aggregate principal amount equal to the aggregate principal amount of the Initial Tranche Loans under such Tranche and of the types and
for the Interest Periods specified in a Borrowing Request delivered to the Administrative Agent in accordance with Section 2.03, (C) each Lender under such Tranche shall pay to the Applicable Agent in same day funds an amount equal to the
difference, if positive, between (x) such Lender’s Tranche Percentage (calculated after giving effect to the Tranche Commitment Increase) of the Subsequent Tranche Borrowings and (y) such Lender’s Tranche Percentage (calculated without
giving effect to the Tranche Commitment Increase) of the Initial Tranche Loans, (D) after the Applicable Agent receives the funds specified in clause (C) above, the Applicable Agent shall pay to each Lender under such Tranche the portion of such
funds that is equal to the difference, if positive, between (1) such Lender’s Tranche Percentage (calculated without giving effect to the Tranche Commitment Increase) of the Initial Tranche Loans and (2) such Lender’s Tranche Percentage
(calculated after giving effect to the Tranche Commitment Increase) of the amount of the Subsequent Tranche Borrowings, (E) each Tranche Non-Increasing Lender, each Tranche Increasing Lender and each Tranche Augmenting Lender shall be deemed to hold
its Tranche Percentage of each Subsequent Borrowing (each calculated after giving effect to the Tranche Commitment Increase) and (F) each applicable Borrower shall pay each Tranche Increasing Lender and each Tranche Non-Increasing Lender any and all
accrued but unpaid interest on the Initial Tranche 

  

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Loans. The deemed payments made pursuant to clause (A) above in respect of each Eurocurrency Loan shall be subject to indemnification by the Borrowers
pursuant to the provisions of Section 2.16 if the Tranche Increase Effective Date occurs other than on the last day of the Interest Period relating thereto and breakage costs result. 
  
 (iii) On the Tranche Increase Effective Date, each Tranche Commitment Decrease shall be made ratably among the Lenders
holding Commitments under the decreasing Tranche in accordance with their respective Commitments under such Tranche. 
  
 (iv) Tranche Commitment Increases, Tranche Commitment Decreases and new Commitments created pursuant to this Section 2.09(e) shall become effective on the
date specified in the original notice delivered by the Borrower Agent pursuant to the first sentence of paragraph (e)(i) above. 
  
 (v) Notwithstanding the foregoing, an increase in the Commitments under any Tranche (or in any Commitment of any Lender) or addition of a Tranche
Augmenting Lender shall become effective under this Section only if (A) the Borrower Agent shall not have withdrawn its request under paragraph (e)(i) above by written notice to the Administrative Agent at least three Business Days prior to the
Tranche Increase Effective Date, (B) on the date of such increase, the conditions set forth in paragraph (f) of Section 4.01 shall be satisfied and the Administrative Agent shall have received a certificate to that effect dated such date and
executed by a Financial Officer of the Borrower Agent, and (C) the Administrative Agent shall have received (with sufficient copies for each of the Lenders) documents consistent with those delivered pursuant to Section 4.03(b) in connection with the
designation of a new Borrowing Subsidiary as to the corporate power and authority of the applicable Borrowers to borrow hereunder after giving effect to such increase. 
  
 SECTION 2.10. Repayment of Loans; Evidence of Debt. (a) Each Borrower hereby unconditionally promises to pay (i) to
the Applicable Agent for the account of each Lender the unpaid principal amount of each Revolving Loan made by such Lender on the Maturity Date, (ii) to the Applicable Agent for the account of each Lender the unpaid principal amount of each
Competitive Loan on the last day of the Interest Period applicable to such Loan and (iii) to the Swingline Lender the then unpaid principal amount of each Swingline Loan on the earlier of the Maturity Date and the first date after such Swingline
Loan is made that is the 15th day or the last day of a calendar month and that is at least one Business Day after the day on which such Swingline Loan shall have been made. 
  
 (b) Each Lender shall maintain in accordance with its usual practice an account or accounts evidencing the Indebtedness of
each Borrower to such Lender resulting from each Loan made by such Lender, including the amounts of principal and interest payable and paid to such Lender from time to time hereunder. 
  
 (c) The Administrative Agent shall maintain accounts in which it shall record (i) the amount of each Loan made hereunder,
the Class and Type thereof and the 

  

 47 

 
Interest Period, if any, applicable thereto, and (ii) the amounts of all sums received by the Agents hereunder for the accounts of the Lenders and each
Lender’s share thereof. Each other Agent shall promptly provide the Administrative Agent with all information needed to maintain such accounts in respect of the Loans administered by such Agent. 
  
 (d) The entries made in the accounts maintained pursuant to paragraph (b) or
(c) of this Section shall be prima facie evidence of the existence and amounts of the obligations recorded therein; provided that the failure of any Lender or Agent to maintain such accounts or any error therein shall not in any
manner affect the obligation of any Borrower to repay the Loans in accordance with the terms of this Agreement. 
  
 (e) Any Lender may request that Loans of any Class made by it be evidenced by a promissory note. In such event, each Borrower shall execute and deliver to
such Lender a promissory note payable to the order of such Lender (or, if requested by such Lender, to such Lender and its registered assigns) and in substantially the form attached hereto as Exhibit F. Thereafter, the Loans evidenced by such
promissory note and interest thereon shall at all times (including after assignment pursuant to Section 10.04) be represented by one or more promissory notes in such form payable to the order of the payee named therein (or, if such promissory note
is a registered note, to such payee and its registered assigns). 
  
 SECTION 2.11. Prepayment of Loans. (a) The Borrowers shall have the right at any time and from time to time to prepay any Borrowing in whole or in part, subject to prior notice in accordance with paragraph (d) of this Section and
payment of any amounts required under Section 2.16; provided that the Borrowers shall not have the right to prepay any Competitive Loan without the prior consent of the Lender thereof. 
  
 (b) In the event and on each occasion that the sum of the aggregate Revolving
Credit Exposures and the aggregate Competitive Loan Exposures shall exceed the aggregate Commitments, or the aggregate Revolving Credit Exposures under any Tranche shall exceed the aggregate Commitments under such Tranche, then (i) on the last day
of any Interest Period applicable to any Eurocurrency Revolving Borrowing, or to any Eurocurrency Revolving Borrowing of the applicable Tranche, as the case may be, and (ii) on any other date in the event any ABR Revolving Borrowing or Swingline
Borrowing, or any ABR Revolving Borrowing or Swingline Borrowing of the applicable Tranche, as the case may be, shall be outstanding, the applicable Borrowers shall prepay such Revolving Borrowing or Swingline Borrowing in an aggregate amount equal
to the lesser of (A) the amount of such Revolving Borrowing or Swingline Borrowing and (B) an amount sufficient to eliminate such excess. If, on any Reset Date, the aggregate Revolving Credit Exposures and the aggregate Competitive Loan Exposures
shall exceed 105% of the aggregate Commitments, or the aggregate Revolving Credit Exposures under any Tranche shall exceed 105% of the aggregate Commitments under such Tranche, then each applicable Borrower shall, not later than the next Business
Day, prepay one or more Revolving Borrowings or Swingline Borrowings in an aggregate amount sufficient to eliminate such excess over 105%. 
  

 48 

 (c) Prior to any optional or mandatory prepayment of Borrowings, the applicable Borrower shall select the
Borrowings to be prepaid and shall specify such selection in the notice of such prepayment pursuant to paragraph (d) below. 
  
 (d) The Borrower Agent or the applicable Borrower shall, to the extent practicable, notify the Applicable Agent (and in the case of prepayment of a
Swingline Loan, the Swingline Lender) by telephone (confirmed by telecopy) of any prepayment hereunder (i) in the case of prepayment of a Eurocurrency Revolving Borrowing, not later than 11:00 a.m., Local Time, three Business Days (or, if the date
of prepayment shall be the last day of the Interest Period applicable to such Borrowing, one Business Day) before the date of prepayment, (ii) in the case of prepayment of an ABR Revolving Borrowing, not later than 11:00 a.m., Local Time, on the
Business Day of prepayment or (iii) in the case of prepayment of a Swingline Loan, not later than 12:00 noon, New York City time, on the date of prepayment. Each such notice shall be irrevocable and shall specify the prepayment date and the
principal amount of each Borrowing or portion thereof to be prepaid; provided that, if a notice of prepayment is given in connection with a conditional notice of termination of the Commitments as contemplated by Section 2.09, then such notice
of prepayment may be revoked if such notice of termination is revoked in accordance with Section 2.09. Promptly following receipt of any such notice relating to a Revolving Borrowing, the Administrative Agent shall advise the applicable Lenders of
the contents thereof. Each partial prepayment of any Revolving Borrowing shall be in an amount that would be permitted in the case of an advance of a Revolving Borrowing of the same Type as provided in Section 2.02. Each prepayment of a Revolving
Borrowing shall be applied ratably to the Loans included in the prepaid Borrowing. Prepayments shall be accompanied by accrued interest to the extent required by Section 2.13. 
  
 SECTION 2.12. Fees. (a) The Company and ASII agree, jointly and severally, to pay to the Administrative Agent, in US
Dollars, for the account of the office (or Affiliate) of each Lender from which such Lender would make Loans to the Company or ASII in US Dollars hereunder, a facility fee, which shall accrue at the Applicable Rate on the daily amount of the
Commitments of such Lender (whether used or unused) during the period from and including the date of this Agreement to but excluding the Maturity Date; provided that, if such Lender shall continue to have any Revolving Credit Exposure after
the Maturity Date, then such facility fee shall continue to accrue on the daily amount of such Lender’s Revolving Credit Exposure from and including the Maturity Date to but excluding the date on which such Lender shall cease to have any
Revolving Credit Exposure. Accrued facility fees shall be payable in arrears on the last day of March, June, September and December of each year, on any date prior to the Maturity Date on which all the Commitments shall have terminated and on the
Maturity Date, commencing on the first such date to occur after the date hereof; provided that any facility fees accruing after the Maturity Date shall be payable on demand. All facility fees shall be computed on the basis of a year of 360
days and shall be payable for the actual number of days elapsed (including the first day but excluding the last day). 
  
 (b) The Borrowers agree to pay (i) to the Administrative Agent for the account of each US Tranche Lender a participation fee with respect to each such
Lender’s 

  

 49 

 
participations in Letters of Credit, which fee shall accrue at the Applicable Rate used to determine the interest rate applicable to Eurocurrency Revolving
Loans on the daily amount of such Lender’s LC Exposure (excluding any portion thereof attributable to unreimbursed LC Disbursements) during the period from and including the date hereof to but excluding the later of the date on which such
Lender’s US Tranche Commitment terminates and the date on which such Lender ceases to have any LC Exposure, and (ii) to each Issuing Bank a fronting fee, which shall accrue at the rate of 0.125% per annum on the average daily aggregate amount
of the LC Exposure attributable to Letters of Credit issued by such Issuing Bank (in each case excluding any portion thereof attributable to unreimbursed LC Disbursements) during the period from and including the date hereof to but excluding the
later of the date of termination of the US Tranche Commitments and the date on which there ceases to be any LC Exposure, as well as such Issuing Bank’s standard fees with respect to the issuance, amendment, renewal or extension of any Letter of
Credit or the processing of drawings thereunder. Participation fees and fronting fees accrued under this paragraph through and including the last day of March, June, September and December of each year shall be payable on the third Business Day
following such last day, commencing on the first such date to occur after the date hereof; provided that all such fees shall be payable on any date on which the US Tranche Commitments shall terminate and any such fees accruing after the date
on which the US Tranche Commitments shall have terminated shall be payable on demand. Any other fees payable to any Issuing Bank pursuant to this paragraph shall be payable within 10 days after demand. All participation fees and fronting fees
payable under this paragraph shall be computed on the basis of a year of 360 days and shall be payable for the actual number of days elapsed (including the first day but excluding the last day). 
  
 (c) Holdings, the Company and ASII agree to pay to the Administrative Agent,
for its own account, fees payable in the amounts and at the times separately agreed upon between Holdings, the Company, ASII and the Administrative Agent. 
  
 (d) All fees payable hereunder shall be paid on the dates due, in immediately available funds, to the Person specified above for its own account or, in
the case of facility fees and participation fees paid to the Agents, for distribution to the Lenders. Fees paid shall not be refundable under any circumstances. 
  

SECTION 2.13. Interest. (a) The Loans comprising each ABR Borrowing shall bear interest at the Alternate Base Rate. 
  
 (b) The Loans comprising each Eurocurrency Borrowing shall bear interest (i)
in the case of a Eurocurrency Revolving Borrowing, at the LIBO Rate for the Interest Period in effect for such Borrowing plus the Applicable Rate or (ii) in the case of a Eurocurrency Competitive Borrowing, at the LIBO Rate for the Interest Period
in effect for such Borrowing plus (or minus, as applicable) the Margin applicable to such Borrowing. 
  
 (c) Each Fixed Rate Loan shall bear interest at the Fixed Rate applicable to such Loan. 
  

 50 

 (d) Each Swingline Loan shall bear interest at the Swingline Base Rate for the Interest Period in effect
for such Borrowing plus 1.25% per annum. 
  
 (e) Notwithstanding
the foregoing, if any principal of or interest on any Loan or any fee or other amount payable by any Borrower hereunder is not paid when due, whether at stated maturity, upon acceleration or otherwise, such overdue amount shall bear interest, after
as well as before judgment, at a rate per annum equal to (i) in the case of overdue principal of any Loan, 2% per annum plus the rate otherwise applicable to such Loan or (ii) in the case of any other amount, 2% per annum plus the rate applicable to
ABR Loans as provided in paragraph (a) of this Section. 
  
 (f)
Accrued interest on each Loan shall be payable in arrears on each Interest Payment Date for such Loan and, in the case of Revolving Loans, upon termination of the Commitments; provided that (i) interest accrued pursuant to paragraph (e) of
this Section shall be payable on demand, (ii) in the event of any repayment or prepayment of any Loan (other than a prepayment of an ABR Revolving Loan prior to the end of the Availability Period), accrued interest on the principal amount repaid or
prepaid shall be payable on the date of such repayment or prepayment and (iii) in the event of any conversion of any Eurocurrency Revolving Loan prior to the end of the current Interest Period therefor, accrued interest on such Loan shall be payable
on the effective date of such conversion. 
  
 (g) All interest
hereunder shall be computed on the basis of a year of 360 days, except that (i) interest on Borrowings denominated in Sterling and (ii) interest computed by reference to the Alternate Base Rate at times when the Alternate Base Rate is based on the
Prime Rate shall be computed on the basis of a year of 365 days (or, except in the case of Borrowings denominated in Sterling, 366 days in a leap year), and in each case shall be payable for the actual number of days elapsed (including the first day
but excluding the last day). The applicable Alternate Base Rate or LIBO Rate shall be determined by the Applicable Agent, and such determination shall be presumed correct in the absence of facts or circumstances indicating that it has been made in
error. 
  
 SECTION 2.14. Alternate Rate of Interest. If
prior to the commencement of any Interest Period for a Eurocurrency Borrowing denominated in any currency: 
  
 (a) the Applicable Agent determines (which determination shall be presumed correct in the absence of facts or circumstances indicating
that it has been made in error) that adequate and reasonable means do not exist for ascertaining the LIBO Rate for such Interest Period; or 
  
 (b) the Applicable Agent is advised by the Required Lenders (or, in the case of a Eurocurrency Competitive Loan, the Lender that is
required to make such Loan) that the LIBO Rate for such Interest Period will not adequately and fairly reflect the cost to such Lenders (or Lender) of making or maintaining their Loans (or its Loan) included in such Borrowing for such Interest
Period; 
  

 51 

 then the Applicable Agent shall give notice thereof to the Borrower Agent and the Lenders by telephone or telecopy as
promptly as practicable thereafter and, until the Applicable Agent notifies the Borrower Agent and the Lenders that the circumstances giving rise to such notice no longer exist, (i) any Interest Election Request that requests the conversion of any
Revolving Borrowing to, or continuation of any Revolving Borrowing as, a Eurocurrency Borrowing in such currency shall be ineffective, and such Borrowing shall be (A) if such Borrowing is denominated in US Dollars, converted or continued on the last
day of the Interest Period applicable thereto to or as an ABR Borrowing, or (B) if such Borrowing is denominated in any other currency, converted or continued on the last day of the Interest Period applicable thereto to or as a Borrowing bearing
interest at such rate as the Lenders and the Borrower Agent may agree upon (or, in the absence of such agreement, repaid as of the last day of the current Interest Period applicable thereto), (ii) if any Borrowing Request requests a Eurocurrency
Revolving Borrowing, (A) if such proposed Borrowing is denominated in US Dollars, such Borrowing shall be made as an ABR Borrowing, or (B) if such proposed Borrowing is denominated in any Designated Foreign Currency, such Borrowing Request shall be
ineffective, and (iii) any request by a Borrower for a Eurocurrency Competitive Borrowing denominated in such currency shall be ineffective; provided that (A) if the circumstances giving rise to such notice do not affect all the Lenders, then
requests by a Borrower for Eurocurrency Competitive Borrowings may be made to Lenders that are not affected thereby and (B) if the circumstances giving rise to such notice affect only one Type of Borrowings, then the other Type of Borrowings shall
be permitted. 
  
 SECTION 2.15. Increased Costs. (a) If any
Change in Law shall: 
  
 (i) impose, modify or
deem applicable any reserve, special deposit or similar requirement against assets of, deposits with or for the account of, or credit extended by, any Lender (except to the extent any such reserve requirement is reflected in the LIBO Rate) or any
Issuing Bank; or 
  
 (ii) impose on any Lender or
any Issuing Bank or the London interbank market or any other market in which Loans of any currency and Type are funded any other condition affecting this Agreement or Eurocurrency Loans or Fixed Rate Loans made by such Lender or any Letter of Credit
or participation therein; 
  
 and the result of any of the foregoing shall be to
increase the cost to such Lender of making or maintaining any Eurocurrency Loan or Fixed Rate Loan (or of maintaining its obligation to make any such Loan) or to increase the cost to such Lender or such Issuing Bank of participating in, issuing or
maintaining any Letter of Credit or to reduce the amount of any sum received or receivable by such Lender or such Issuing Bank hereunder (whether of principal, interest or otherwise), then the Borrowers will pay to such Lender or such Issuing Bank
such additional amount or amounts as will compensate such Lender or such Issuing Bank, as the case may be, on a net after-tax basis for such additional costs incurred or reduction suffered. 
  
 (b) If any Lender or any Issuing Bank determines in good faith that any
Change in Law regarding capital requirements has or would have the effect of reducing 

  

 52 

 
the rate of return on such Lender’s or such Issuing Bank’s capital or on the capital of such Lender’s or such Issuing Bank’s holding
company, if any, as a consequence of this Agreement or the Loans made by, or participations in Letters of Credit held by, such Lender, or the Letters of Credit issued by such Issuing Bank, to a level below that which such Lender or such Issuing Bank
or such Lender’s or such Issuing Bank’s holding company could have achieved but for such Change in Law (taking into consideration such Lender’s or such Issuing Bank’s policies and the policies of such Lender’s or such
Issuing Bank’s holding company with respect to capital adequacy), then from time to time the Borrowers will pay to such Lender or such Issuing Bank, as the case may be, such additional amount or amounts as will compensate such Lender or such
Issuing Bank or such Lender’s or such Issuing Bank’s holding company for any such reduction suffered. 
  
 (c) If the cost to any Lender of making or maintaining any Loan to any Borrowing Subsidiary incorporated in, or conducting business in, a jurisdiction
outside the United States, or to any Issuing Bank of participating in, issuing or maintaining any Letter of Credit for the account of any such Borrowing Subsidiary, is increased or the amount of any sum received or receivable by any Lender or any
Issuing Bank (or its applicable lending office) is reduced as a result of any law, rule, regulation or action of a Governmental Authority in such jurisdiction (other than through the imposition of any Excluded Tax or other imposition expressly
excluded from the yield protection or indemnity provisions set forth herein) by an amount deemed in good faith by such Lender or such Issuing Bank to be material, such Borrowing Subsidiary shall indemnify such Lender or such Issuing Bank, as the
case may be, for such increased cost or reduction within 15 days after demand by such Lender or such Issuing Bank (with a copy to the Administrative Agent). 
  
 (d) A certificate of a Lender or an Issuing Bank setting forth the amount or amounts necessary to compensate such Lender or such Issuing Bank or its
holding company, as the case may be, as specified in paragraph (a), (b) or (c) of this Section and explaining in reasonable detail the method by which such amount or amounts were determined, together with supporting documentation or computations,
shall be delivered to the Borrower Agent and shall be presumed correct in the absence of facts or circumstances indicating that the determinations reflected therein have been made in error. The Borrowers shall pay such Lender or such Issuing Bank
the amount shown as due on any such certificate within 10 Business Days after receipt thereof. 
  
 (e) Failure or delay on the part of any Lender or any Issuing Bank to demand compensation pursuant to this Section shall not constitute a waiver of such Lender’s or such Issuing Bank’s right to demand such
compensation; provided that the Borrowers shall not be required to compensate a Lender or an Issuing Bank pursuant to this Section for any increased costs or reductions incurred more than 120 days prior to the date that such Lender or such
Issuing Bank notifies the Borrower Agent of the Change in Law or other event or circumstance giving rise to such increased costs or reductions and of such Lender’s or such Issuing Bank’s intention to claim compensation therefor;
provided further that, if the Change in Law or other event or circumstance giving rise to such increased costs or reductions is retroactive, then the 120-day period referred to above shall be extended to include the period of retroactive
effect thereof. 
  

 53 

 (f) Notwithstanding the foregoing provisions of this Section, a Lender shall not be entitled to
compensation pursuant to this Section in respect of any Competitive Loan if the Change in Law or other event or circumstance that would otherwise entitle it to such compensation shall have been publicly announced prior to submission of the
Competitive Bid pursuant to which such Loan was made. 
  
 SECTION
2.16. Break Funding Payments. In the event of (a) the payment of any principal of any Eurocurrency Loan or Fixed Rate Loan other than on the last day of an Interest Period applicable thereto (including as a result of an Event of Default), (b)
the conversion of any Eurocurrency Loan other than on the last day of the Interest Period applicable thereto, (c) the failure to borrow, convert, continue or prepay any Revolving Loan on the date specified in any notice delivered pursuant hereto
(regardless of whether such notice may be revoked under Section 2.11(d) and is revoked in accordance therewith), (d) the failure to borrow any Competitive Loan after accepting the Competitive Bid to make such Loan, or (e) the assignment of any
Eurocurrency Loan or Fixed Rate Loan other than on the last day of the Interest Period applicable thereto as a result of a request by the Borrower Agent pursuant to Section 2.19 or the CAM Exchange, then, in any such event, the applicable Borrower
shall compensate each Lender for the loss, cost and expense attributable to such event. In the case of a Eurocurrency Loan, such loss, cost or expense to any Lender shall be deemed to include an amount determined by such Lender to be the excess, if
any, of (i) the amount of interest which would have accrued on the principal amount of such Loan had such event not occurred, at the LIBO Rate that would have been applicable to such Loan, for the period from the date of such event to the last day
of the then current Interest Period therefor (or, in the case of a failure to borrow, convert or continue, for the period that would have been the Interest Period for such Loan), over (ii) the amount of interest which would accrue on such principal
amount for such period at the interest rate which such Lender would bid were it to bid, at the commencement of such period, for deposits in the applicable currency of a comparable amount and period from other banks in the eurocurrency market or bill
rate market, as applicable. A certificate of any Lender setting forth any amount or amounts that such Lender is entitled to receive pursuant to this Section, together with supporting documentation or computations, shall be delivered to the
applicable Borrower or to the Borrower Agent and shall be presumed correct in the absence of facts or circumstances indicating that the determinations reflected therein have been made in error. The applicable Borrower shall pay such Lender the
amount shown as due on any such certificate within 10 Business Days after receipt thereof. 
  
 SECTION 2.17. Taxes. (a) Any and all payments by or on account of any obligation of any Credit Party hereunder or under any other Credit Document shall be made free and clear of and without deduction for any
Indemnified Taxes or Other Taxes; provided that if any Credit Party shall be required to deduct any Indemnified Taxes or Other Taxes from any such payment, then (i) the sum payable shall be increased as necessary so that after making all
required deductions of Indemnified Taxes or Other Taxes (including deductions applicable to additional sums payable under this Section) the 

  

 54 

 
Agent, Lender or Issuing Bank (as the case may be) receives an amount equal to the sum it would have received had no such deductions been made, (ii) the
Borrowers will cause such Credit Party to make such deductions and (iii) the Borrowers will pay or cause such Credit Party to pay the full amount deducted to the relevant Governmental Authority in accordance with applicable law. 
  
 (b) In addition, the Borrowers shall pay any Other Taxes required to be paid
by them to the relevant Governmental Authority in accordance with applicable law. 
  
 (c) The Borrowers shall indemnify each Agent, each Issuing Bank and each Lender, within 10 Business Days after written demand therefor, for the full amount of any Indemnified Taxes or Other Taxes paid by such Agent,
such Issuing Bank or such Lender on or with respect to any payment by or on account of any obligation of any Credit Party hereunder or under any other Credit Document (including Indemnified Taxes or Other Taxes imposed or asserted on or attributable
to amounts payable under this Section) and any penalties, interest and reasonable expenses arising therefrom or with respect thereto, whether or not such Indemnified Taxes or Other Taxes were correctly or legally imposed or asserted by the relevant
Governmental Authority. A certificate setting forth in reasonable detail the amount and nature of such payment or liability shall be delivered to the Borrower Agent by a Lender or an Issuing Bank, or by an Agent on its own behalf or on behalf of a
Lender or an Issuing Bank and shall be presumed correct in the absence of facts or circumstances indicating that the determinations reflected therein have been made in error. 
  
 (d) As soon as practicable after any payment of Indemnified Taxes or Other Taxes by a Credit Party to a Governmental
Authority, the Borrower Agent shall deliver to the Applicable Agent the original or a certified copy of a receipt issued by such Governmental Authority evidencing such payment, a copy of the return reporting such payment or other evidence of such
payment reasonably satisfactory to the Applicable Agent. 
  
 (e)
Any Foreign Lender that is entitled to an exemption from or reduction of withholding tax under the law of the jurisdiction in which a Borrower is located, or any treaty to which such jurisdiction is a party, with respect to payments under this
Agreement shall deliver to the Borrower Agent (with a copy to the Applicable Agent), at the time or times prescribed by applicable law, such properly completed and executed documentation prescribed by applicable law or reasonably requested by the
Borrower Agent as will permit such payments to be made without withholding or at a reduced rate, provided, in the case of any exemption or reduction available under the laws of a jurisdiction other than the United States, the United Kingdom
or, in the case of any Belgian Tranche Lender, Belgium, that such Foreign Lender has received written notice from the Borrower Agent advising it of the availability of such exemption or reduction and containing all applicable documentation.

  
 (f) If an Agent, an Issuing Bank or a Lender determines in
good faith that it has received a refund of any Taxes or Other Taxes as to which it has been indemnified by a Borrower or with respect to which a Borrower has paid additional amounts pursuant 

  

 55 

 
to this Section 2.17, it shall pay over such refund to the Borrower Agent (but only to the extent of indemnity payments made, or additional amounts paid, by
the Borrowers under this Section 2.17 with respect to the Taxes or Other Taxes giving rise to such refund), net of all out-of-pocket expenses of such Agent, such Issuing Bank or such Lender and without interest (other than any interest paid by the
relevant Governmental Authority with respect to such refund); provided, that the Borrowers, upon the request of such Agent, such Issuing Bank or such Lender, agree to repay the amount paid over to the Borrower Agent (plus any penalties,
interest or other charges imposed by the relevant Governmental Authority not resulting from the negligence of such Agent, Issuing Bank or Lender) to such Agent, such Issuing Bank or such Lender in the event such Agent, such Issuing Bank or such
Lender is required to repay such refund to such Governmental Authority. This Section shall not be construed to require any Agent, any Issuing Bank or any Lender to make available its tax returns (or any other information relating to its taxes which
it deems confidential) to any Credit Party or any other Person. 
  
 (g) On the date it becomes a Lender hereunder, (i) each Lender will designate a US Lending Office, (ii) each US Tranche Lender will also designate a UK Lending Office and (iii) each Belgian Tranche Lender will also designate a Belgian
Lending Office, in each case for the Loans to be made by it such that, on such date, it will not be liable for any withholding tax referred to in clause (c), (d) or (e), as applicable, of the definition of “Excluded Taxes” in Article I
(other than any withholding tax that is not an Excluded Tax under the proviso to such definition). 
  
 SECTION 2.18. Payments Generally; Pro Rata Treatment; Sharing of Set-offs. (a) Each Borrower shall make each payment required to be made by it
hereunder or under any other Credit Document (whether of principal, interest or fees, or reimbursement of LC Disbursements, or of amounts payable under Section 2.15, 2.16 or 2.17, or otherwise) prior to 2:00 p.m., Local Time, on the date when due,
in immediately available funds, without set-off or counterclaim. Any amounts received after such time on any date may, in the discretion of the Applicable Agent, be deemed to have been received on the next succeeding Business Day for purposes of
calculating interest thereon. All such payments shall be made to the Applicable Agent to the applicable account specified on Schedule 2.18 for the account of the applicable Lenders or, in any such case, to such other account as the Applicable Agent
shall from time to time specify in a notice delivered to the Borrower Agent; provided that payments to be made to an Issuing Bank or the Swingline Lender as expressly provided herein and payments pursuant to Sections 2.15, 2.16, 2.17 and
10.03 shall be made directly to the Persons entitled thereto. The Applicable Agent shall distribute any such payments received by it for the account of any other Person to the appropriate recipient promptly following receipt thereof. If any payment
under any Credit Document shall be due on a day that is not a Business Day, the date for payment shall be extended to the next succeeding Business Day, and, in the case of any payment accruing interest, interest thereon shall be payable for the
period of such extension. All payments hereunder of principal or interest in respect of any Loan or LC Disbursement (or of any breakage indemnity in respect of any Loan) shall be made in the currency of such Loan or LC Disbursement; all other
payments hereunder and under each other Credit Document shall be made in US Dollars, except as otherwise expressly provided. Any payment required to be made by an Agent 

  

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hereunder shall be deemed to have been made by the time required if such Agent shall, at or before such time, have taken the necessary steps to make such
payment in accordance with the regulations or operating procedures of the clearing or settlement system used by such Agent to make such payment. Any amount payable by any Agent to one or more Lenders in the national currency of a member state of the
European Union that has adopted the Euro as its lawful currency shall be paid in Euro. 
  
 (b) If at any time insufficient funds are received by and available to any Agent from any Borrower to pay fully all amounts of principal, interest, unreimbursed LC Disbursements and fees then due from such Borrower
hereunder, such funds shall be applied (i) first, towards payment of interest and fees then due from such Borrower hereunder, ratably among the parties entitled thereto in accordance with the amounts of interest and fees then due to such parties,
and (ii) second, towards payment of principal and unreimbursed LC Disbursements then due from such Borrower hereunder, ratably among the parties entitled thereto in accordance with the amounts of principal and unreimbursed LC Disbursements then due
to such parties. 
  
 (c) If any Lender shall, by exercising any
right of set-off or counterclaim or otherwise, obtain payment in respect of any principal of or interest on any of its Revolving Loans or participations in LC Disbursements or Swingline Loans resulting in such Lender receiving payment of a greater
proportion of the aggregate amount of its Revolving Loans or participations in LC Disbursements or Swingline Loans and accrued interest thereon under any Tranche than the proportion received by any other Lender under such Tranche, then the Lender
receiving such greater proportion shall purchase (for cash at face value) participations in the Revolving Loans or participations in LC Disbursements or Swingline Loans, as applicable, of other Lenders under such Tranche to the extent necessary so
that the benefit of all such payments shall be shared by the Lenders under such Tranche ratably in accordance with the aggregate amount of principal of and accrued interest on their respective Revolving Loans or participations in LC Disbursements or
Swingline Loans under such Tranche; provided that (i) if any such participations are purchased and all or any portion of the payment giving rise thereto is recovered, such participations shall be rescinded and the purchase price restored to
the extent of such recovery, without interest, and (ii) the provisions of this paragraph shall not be construed to apply to any payment made by any Borrower pursuant to and in accordance with the express terms of this Agreement or any payment
obtained by a Lender as consideration for the assignment of or sale of a participation in any of its Loans or participations in LC Disbursements or Swingline Loans to any assignee or participant, other than to Holdings or any Subsidiary or Affiliate
thereof (as to which the provisions of this paragraph shall apply). Each Borrower consents to the foregoing and agrees, to the extent it may effectively do so under applicable law, that any Lender acquiring a participation pursuant to the foregoing
arrangements may exercise against such Borrower rights of set-off and counterclaim with respect to such participation as fully as if such Lender were a direct creditor of such Borrower in the amount of such participation. 
  
 (d) Unless any Agent shall have received notice from the applicable Borrower
prior to the date on which any payment is due to such Agent for the account of any Lenders or an Issuing Bank hereunder that the applicable Borrower will not make 

  

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such payment, such Agent may assume that such Borrower has made such payment on such date in accordance herewith and may, in reliance upon such assumption,
distribute to such Lenders or such Issuing Bank, as applicable, the amount due. In such event, if such Borrower has not in fact made such payment, then each of the Lenders and each Issuing Bank severally agrees to repay to the Applicable Agent
forthwith on demand the amount so distributed to such Lender or Issuing Bank, as applicable, with interest thereon, for each day from and including the date such amount is distributed to it to but excluding the date of payment to such Agent, at a
rate determined by such Agent in accordance with banking industry rules on interbank compensation. 
  
 (e) If any Lender or any Issuing Bank, as applicable, shall fail to make any payment required to be made by it pursuant to Section 2.07(b) or paragraph
(d) of this Section 2.18, then the Applicable Agent may, in its discretion (notwithstanding any contrary provision hereof), apply any amounts thereafter received by such Agent for the account of such Lender or Issuing Bank, as applicable, to satisfy
such Lender’s or Issuing Bank’s obligations under such Sections until all such unsatisfied obligations are fully paid. 
  
 SECTION 2.19. Mitigation Obligations; Replacement of Lenders. (a) If any Lender requests compensation under Section 2.15, or if any Borrower is
required to pay any additional amount to any Lender or any Governmental Authority for the account of any Lender pursuant to Section 2.17 or 2.21, then such Lender shall designate a different lending office for funding or booking its Loans hereunder
or to assign its rights and obligations hereunder to another of its offices, branches or Affiliates, if such designation or assignment (i) would eliminate or reduce amounts payable pursuant to Section 2.15, 2.17 or 2.21, as the case may be, in the
future and (ii) in the reasonable judgment of such Lender, would not subject such Lender to any unreimbursed cost or expense and would not otherwise be disadvantageous to such Lender. Each Borrower hereby agrees to pay all reasonable costs and
expenses incurred by any Lender in connection with any such designation or assignment. 
  
 (b) If any Lender requests compensation under Section 2.15, or if any Borrower is required to pay any additional amount to any Lender or any Governmental Authority for the account of any Lender pursuant to Section
2.17 or 2.21, or if any Lender defaults in its obligation to fund Loans hereunder, then the Borrower Agent may, at its sole expense, upon notice to such Lender and the Administrative Agent, require such Lender to assign and delegate, without
recourse (in accordance with and subject to the restrictions contained in Section 10.04), all its interests, rights and obligations under this Agreement (other than any outstanding Competitive Loans held by it) to an assignee that shall assume such
obligations (which assignee may be another Lender, if a Lender accepts such assignment); provided that (i) the Borrower Agent shall have received the prior written consent of the Administrative Agent (and if a Revolving Commitment is being
assigned, each Issuing Bank and the Swingline Lender), which consent shall not unreasonably be withheld or delayed, (ii) such Lender shall have received payment of an amount equal to the outstanding principal of its Loans (other than Competitive
Loans) and participations in LC Disbursements and Swingline Loans, accrued interest thereon, accrued fees and all other amounts payable to it hereunder, from the assignee (to the 

  

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extent of such outstanding principal and accrued interest and fees) or the Borrowers (in the case of all other amounts) and (iii) in the case of any such
assignment resulting from a claim for compensation under Section 2.15 or payments required to be made pursuant to Section 2.17 or 2.21, such assignment will result in a reduction in such compensation or payments. Nothing in this Section shall limit
any right or remedy that any Borrower may otherwise have against any Lender. 
  
 SECTION 2.20. Borrowing Subsidiaries. On or after the Effective Date, the Borrower Agent (a) may designate any subsidiary of the Company, Holdings or ASII as a Borrowing Subsidiary and (b) may also designate
any subsidiary of the Company or ASII that is incorporated or otherwise organized under the laws of Belgium as a Belgian Borrowing Subsidiary, as applicable, by delivery to the Administrative Agent of a Borrowing Subsidiary Agreement executed by
such Subsidiary and Holdings, and upon such delivery such Subsidiary shall for all purposes of this Agreement be a party to and a Borrowing Subsidiary and, if applicable, a Belgian Borrowing Subsidiary, under this Agreement. Upon the execution by
the Borrower Agent and delivery to the Administrative Agent of a Borrowing Subsidiary Termination with respect to any Borrowing Subsidiary, such Subsidiary shall cease to be a Borrowing Subsidiary and, if applicable, a Belgian Borrowing Subsidiary;
provided that no Borrowing Subsidiary Termination will become effective as to any Borrowing Subsidiary (other than to terminate its right to make further Borrowings or to obtain further Letters of Credit under this Agreement) at a time when
any principal of or interest on any Loan to such Borrowing Subsidiary or any Letter of Credit issued for the account of such Borrowing Subsidiary shall be outstanding hereunder, unless the obligations of such Borrowing Subsidiary in respect of such
Loan or Letter of Credit shall have been assumed by another Borrower. In the event that any Borrowing Subsidiary shall cease to be a Subsidiary, the Borrower Agent will promptly execute and deliver to the Administrative Agent a Borrowing Subsidiary
Termination terminating its status as a Borrowing Subsidiary and, if applicable, a Belgian Borrowing Subsidiary, subject to the proviso in the immediately preceding sentence. Promptly following receipt of any Borrowing Subsidiary Agreement or
Borrowing Subsidiary Termination, the Administrative Agent shall send a copy thereof to each Lender. 
  
 SECTION 2.21. Additional Reserve Costs. (a) If and so long as any Lender is required after the date hereof to make special deposits with the Bank
of England, to maintain reserve asset ratios or to pay fees, in each case in respect of such Lender’s Eurocurrency Loans in any Designated Foreign Currency, such Lender may require the relevant Borrower to pay, contemporaneously with each
payment of interest on each of such Loans, additional interest on such Loan at a rate per annum equal to the Mandatory Costs Rate calculated in accordance with the formula and in the manner set forth in Exhibit C hereto. 
  
 (b) If and so long as any Lender is required to comply with reserve assets,
liquidity, cash margin or other requirements of any monetary or other authority (including any such requirement imposed by the Board or by European Central Bank or the European System of Central Banks, but excluding requirements reflected in the
Mandatory Costs Rate) in respect of any of such Lender’s Eurocurrency Loans, such 

  

 59 

 
Lender may require the relevant Borrower to pay, contemporaneously with each payment of interest on each of such Lender’s Eurocurrency Loans subject to
such requirements, additional interest on such Loan at a rate per annum specified by such Lender to be the cost to such Lender of complying with such requirements in relation to such Loan. 
  
 (c) Any additional interest owed pursuant to paragraph (a) or (b) above shall
be determined by the relevant Lender, which determination shall be presumed correct in the absence of facts or circumstances indicating that it has been made in error, and notified to the relevant Borrower (with a copy to the Applicable Agent) at
least five Business Days before each date on which interest is payable for the relevant Loan, and such additional interest so notified to the relevant Borrower by such Lender shall be payable to the Applicable Agent for the account of such Lender on
each date on which interest is payable for such Loan. 
  
 SECTION
2.22. Redenomination of Certain Designated Foreign Currencies. (a) Each obligation of any party to this Agreement to make a payment denominated in the national currency unit of any member state of the European Union that adopts the Euro as
its lawful currency after the date hereof shall be redenominated into Euro at the time of such adoption (in accordance with the EMU Legislation). If, in relation to the currency of any such member state, the basis of accrual of interest expressed in
this Agreement in respect of that currency shall be inconsistent with any convention or practice in the London Interbank Market for the basis of accrual of interest in respect of the Euro, such expressed basis shall be replaced by such convention or
practice with effect from the date on which such member state adopts the Euro as its lawful currency; provided that if any Borrowing in the currency of such member state is outstanding immediately prior to such date, such replacement shall
take effect, with respect to such Borrowing, at the end of the then current Interest Period. 
  
 (b) Without prejudice and in addition to any method of conversion or rounding prescribed by any EMU Legislation and (i) without limiting the liability of any Borrower for any amount due under this Agreement and (ii)
without increasing any Commitment of any Lender, all references in this Agreement to minimum amounts (or integral multiples thereof) denominated in the national currency unit of any member state of the European Union that adopts the Euro as its
lawful currency after the date hereof shall, immediately upon such adoption, be replaced by references to such minimum amounts (or integral multiples thereof) as shall be specified herein with respect to Borrowings denominated in Euro. 

 
 (c) Each provision of this Agreement shall be subject to such reasonable
changes of construction as the Administrative Agent and the Borrower Agent, acting jointly, may from time to time specify to be appropriate to reflect the adoption of the Euro by any member state of the European Union and any relevant market
conventions or practices relating to the Euro. 
  

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 ARTICLE III 
  
 Representations and Warranties 
  
 Holdings represents and warrants to the Lenders as to itself and each Subsidiary, and the Company, ASII and each other Borrowing Subsidiary represents and
warrants to the Lenders as to itself and its subsidiaries, as follows (it being understood that each reference in this Article III to the Credit Parties shall include, on any date as of which the representations and warranties set forth herein are
made or deemed made, only those Persons that are Credit Parties on such date): 
  
 SECTION 3.01. Organization and Qualification. Each Credit Party and each Material Subsidiary is duly organized, validly existing and in good standing (to the extent such concept is relevant to such Person in
its jurisdiction of organization) under the laws of the jurisdiction of its organization, has full and adequate corporate power to carry on its business as now conducted and is duly licensed or qualified and, to the extent relevant, in good standing
in each jurisdiction in which the nature of the business transacted by it or the nature of the Property owned or leased by it makes such licensing or qualification necessary, except where such failure to be so licensed or qualified and in good
standing does not constitute and would not result in a Material Adverse Effect. 
  
 SECTION 3.02. Corporate Authority and Validity of Obligations. Each Credit Party has the corporate, company or partnership power and authority to consummate the Transactions, to enter into this Agreement and
each other Credit Document to which it is a party, to make the Borrowings to be made by it hereunder, to issue its notes in evidence thereof and to perform all its obligations hereunder and under each other Credit Document to which it is a party.
The execution, delivery and performance of this Agreement and the other Credit Documents have been duly authorized by all necessary corporate, company or partnership action of the Credit Parties, and this Agreement and the other Credit Documents
constitute valid and binding obligations of the Credit Parties, enforceable in accordance with their terms, subject to bankruptcy, insolvency and similar laws affecting the enforcement of creditors’ rights generally and to general principles of
equity. None of this Agreement, any other Credit Document or the Transactions (i) will contravene any charter or by-law provision of any Credit Party, (ii) will contravene any provision of law or of any regulation or order of any Governmental
Authority or any judgment, or any material covenant, indenture or agreement of or affecting any Credit Party or a substantial portion of the Properties of any Credit Party where such contravention referred to in this clause (ii) would reasonably be
expected to result in a Material Adverse Effect or to affect materially and adversely the rights or interests of any Agent, Issuing Bank or Lender, or (iii) result in the creation of any Lien upon any material Property or asset of any Credit Party
or Subsidiary. 
  
 SECTION 3.03. Margin Stock. None of
Holdings, any other Credit Party or any other Material Subsidiary is engaged principally, or as one of its primary activities, in the business of extending credit for the purpose of purchasing or carrying Margin Stock, and neither the proceeds of
any Loan nor any Letter of Credit will be used in a manner that violates any provision of Regulation U or X of the Board. 
  

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 SECTION 3.04. Financial Reports. The consolidated balance sheet of Holdings and the Subsidiaries
and the related consolidated statements of earnings, shareholders’ equity and cash flows of the Company and the Subsidiaries and accompanying notes thereto (i) as at December 31, 2004, and for the year then ended, which financial statements are
accompanied by the report of Ernst & Young LLP, and (ii) as at March 31, 2005, and for the fiscal quarter then ended, certified by Holdings through its Chief Financial Officer, heretofore furnished to the Administrative Agent, fairly present in
all material respects the consolidated financial condition of Holdings and the Subsidiaries as at such dates and their consolidated results of operations, shareholders’ equity and cash flows for the periods then ended in conformity with GAAP,
subject to year-end adjustments and the absence of footnotes in the case of the statements referred to in clause (ii) above. 
  
 SECTION 3.05. No Material Adverse Effect. Since December 31, 2004, there has not occurred or become known any Material Adverse Effect. 

 
 SECTION 3.06. Litigation. There is no litigation or governmental
proceeding pending, or to the knowledge of Holdings or any Material Subsidiary threatened, against Holdings or any Material Subsidiary which if adversely determined could (a) impair the validity or enforceability of, or materially impair the ability
of Holdings or any other Credit Party to perform its obligations under, this Agreement or any other Credit Document or (b) except as disclosed on Schedule 3.06 or in Holdings’s reports on Form 10-K and 10-Q filed with the SEC through March 31,
2005, result in any Material Adverse Effect. 
  
 SECTION 3.07.
Tax Returns. Holdings has filed all Tax returns and reports required to have been filed and has paid or caused to be paid all Taxes required to have been paid by it, except (a) Taxes that are being contested in good faith by appropriate
proceedings and for which Holdings has set aside on its books adequate reserves or (b) to the extent that the failure to do so could not reasonably be expected to result in a Material Adverse Effect. 
  
 SECTION 3.08. Approvals. No authorization, consent, license,
exemption, filing or registration with any court or governmental department, agency or instrumentality, or any other Person, is necessary to the consummation of the Transactions or the valid execution, delivery or performance by any Credit Party of
this Agreement or any other Credit Document except for those obtained on or before the Effective Date or those the failure of which to obtain would not individually or in the aggregate reasonably be expected to result in a Material Adverse Effect.

  
 SECTION 3.09. ERISA. Holdings and each Subsidiary is in
compliance in all material respects with the Employee Retirement Income Security Act of 1974 (“ERISA”) to the extent applicable to it and has received no notice to the contrary from the Pension Benefit Guaranty Corporation or any
successor thereto (“PBGC”) or any other governmental entity or agency. No condition exists or event or transaction has occurred under or relating to any Plan which could reasonably be expected to result in the incurrence by Holdings
or any Subsidiary of any material liability, fine or penalty. 

  

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Neither Holdings nor any Subsidiary has any contingent liability for any post-retirement benefits under a Welfare Plan that would reasonably be expected to
result in a Material Adverse Effect. 
  
 SECTION 3.10.
Environmental Matters. Except as set forth on Schedule 3.10, and except with respect to any other matters that, individually or in the aggregate, would not reasonably be expected to result in a Material Adverse Effect, none of Holdings and
the Material Subsidiaries (a) has failed to comply with any Environmental Laws or to obtain, maintain or comply with any permit, license or other approval required under any Environmental Laws, (b) has become subject to any liability under any
Environmental Laws, (c) has received written notice of any claim with respect to any Environmental Laws or (d) knows of any basis for any liability under any Environmental Laws. 
  
 SECTION 3.11. Properties. (a) Holdings and each Material Subsidiary has good title to, or valid leasehold interests
in, all its real and personal property material to its business, subject only to Liens permitted by Section 6.01 and except for defects in title or property the absence of which would not individually or in the aggregate reasonably be expected to
result in a Material Adverse Effect. 
  
 (b) Holdings and each
Material Subsidiary owns, or is licensed to use, all trademarks, tradenames, copyrights, patents and other intellectual property material to its business, and the use thereof by it does not infringe upon the rights of any other Person, except for
any such defects in ownership or license rights or other infringements that, individually or in the aggregate, would not reasonably be expected to result in a Material Adverse Effect. 
  
 SECTION 3.12. Compliance with Laws. Holdings and each Material Subsidiary is in compliance with all laws, regulations
and orders of each Governmental Authority applicable to it or its property, except where the failure to be in compliance, individually or in the aggregate, would not reasonably be expected to result in a Material Adverse Effect. 
  
 SECTION 3.13. Investment and Holding Company Status. None of Holdings
and its Subsidiaries is (a) an “investment company” as defined in, or subject to regulation under, the Investment Company Act of 1940 or (b) a “holding company” as defined in, or subject to regulation under, the Public Utility
Holding Company Act of 1935. 
  
 SECTION 3.14. Disclosure.
Neither the Information Memorandum nor any of the other reports, financial statements, certificates or other information furnished in writing by or on behalf of Holdings or any Subsidiary to any Agent, Issuing Bank or Lender in connection with
the negotiation of this Agreement or any other Credit Document or delivered hereunder or thereunder, as of the date furnished and taken together with all other information so furnished or included in reports filed by Holdings with the SEC on or
prior to such date, contained or will contain any material misstatement of fact or omitted or will omit to state any material fact necessary to make 

  

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the statements therein, in the light of the circumstances under which they were made, not materially misleading; provided that, with respect to
projected financial information, each of Holdings, the Company, ASII and each other Borrowing Subsidiary, as applicable, represents only that such information was prepared in good faith based upon assumptions believed to be reasonable at such time.

  
 ARTICLE IV 
  
 Conditions 
  
 SECTION 4.01. Effective Date. The obligations of the Lenders to make
Loans, and of the Issuing Banks to issue Letters of Credit, hereunder shall not become effective until the date on which each of the following conditions is satisfied (or waived in accordance with Section 10.02): 
  
 (a) The Administrative Agent (or its counsel) shall have
received from each party hereto or to any other Credit Document either (i) a counterpart of this Agreement or such Credit Document signed on behalf of such party or (ii) written evidence satisfactory to the Administrative Agent (which may include
telecopy transmission of a signed signature page of this Agreement or such Credit Document) that such party has signed a counterpart of this Agreement or such Credit Document. 
  
 (b) The Administrative Agent shall have received a favorable written opinion (addressed to the
Administrative Agent, the Issuing Banks, the Swingline Lender and the Lenders and dated the Effective Date) of each of (i) Mary Elizabeth Gustafsson, General Counsel of the Company, substantially in the form of Exhibit D-1 hereto, (ii) McDermott
Will & Emery LLP, counsel for the Borrowers, substantially in the form of Exhibit D-2 hereto and (iii) DeWolf & Partners, Belgian counsel for the Belgian Borrowing Subsidiaries, in such form as shall be acceptable to the Administrative
Agent. Each Credit Party hereby requests such counsel to deliver such opinions. 
  
 (c) The Administrative Agent shall have received such documents and certificates as the Administrative Agent or its counsel may reasonably
request relating to the organization, existence and good standing (to the extent such concept is relevant to such Person in its jurisdiction of organization) of each Credit Party (other than any Credit Party that is a Non-US Subsidiary, to the
extent such matters are covered by legal opinions referred to in (b) above) and the authorization of the Transactions, all in form and substance reasonably satisfactory to the Administrative Agent and its counsel. 
  
 (d) The Administrative Agent shall have received a
certificate, dated the Effective Date and signed by the President, a Vice President or a Financial Officer of Holdings, the Company and ASII, confirming compliance with the conditions set forth in paragraphs (f) and (g) of this Section 4.01 and
paragraph (b) of Section 4.02. 
  

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 (e) The Administrative Agent shall have received all fees and other amounts due and
payable on or prior to the Effective Date, including, to the extent invoiced, reimbursement or payment of all reasonable out-of-pocket expenses required to be reimbursed or paid by Holdings or the Borrowers hereunder. 
  
 (f) The representations and warranties of the Credit Parties
set forth in Article III shall be true and correct in all material respects (except that any representation given as of a particular date shall be true and correct in all material respects as of such date) and no Default shall have occurred and be
continuing. 
  
 (g) The Existing Credit Agreement
shall have been terminated and all amounts outstanding or accrued for the accounts of or otherwise owed to the lenders thereunder shall have been paid in full. 
  

(h) The Administrative Agent, each Issuing Bank and each Lender shall have received each financial statement or report referred to in
Section 3.04. 
  
 The Administrative Agent shall notify the Credit Parties, the
Lenders and the Issuing Banks of the Effective Date, and such notice shall be conclusive and binding. Notwithstanding the foregoing, the obligations of the Lenders hereunder shall not become effective unless each of the foregoing conditions shall
have been satisfied (or waived pursuant to Section 10.02) at or prior to 5:00 p.m., New York City time, on July 31, 2005 (and, in the event such conditions are not so satisfied or waived, the Commitments shall terminate at such time). 
  
 SECTION 4.02. Each Borrowing. The obligation of each Lender to make
Loans, and of the Issuing Banks to issue, increase or extend Letters of Credit, as part of each Credit Event that increases any Revolving Credit Exposure or the Competitive Loan Exposure of any Lender is subject to the satisfaction or waiver of the
following conditions (which conditions, insofar as they apply to any Competitive Loan, may be waived by the Lender that is to make such Competitive Loan): 
  
 (a) The representations and warranties of the Credit Parties set forth in Article III (other than those set forth in Sections 3.05 and
3.06) shall be true and correct in all material respects on and as of the date of such Credit Event (except to the extent such representations and warranties by their terms relate to an earlier date, in which case they shall be true and correct in
all material respects on and as of such earlier date). 
  
 (b) At the time of and immediately after giving effect to such Credit Event, no Default shall have occurred and be continuing. 
  
 Each Credit Event that increases any Revolving Credit Exposure or the Competitive Loan Exposure of any Lender shall be deemed to constitute a representation and warranty
by Holdings and each Borrower on the date thereof as to the matters specified in paragraphs (a) and (b) of this Section. 
  

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 SECTION 4.03. Initial Borrowing by each Borrowing Subsidiary. The obligation of each Lender to
make Loans to or issue Letters of Credit for the account of any Borrowing Subsidiary is subject to the satisfaction (or waiver in accordance with Section 10.02) of the following conditions: 
  
 (a) The Administrative Agent (or its counsel) shall have
received such Borrowing Subsidiary’s Borrowing Subsidiary Agreement, duly executed by all parties thereto. 
  
 (b) The Administrative Agent shall have received (i) a certificate of the secretary or assistant secretary of such Borrowing Subsidiary
containing (A) copies of the certificate of incorporation and by-laws or other organizational documents of such Borrowing Subsidiary, certified to be complete and correct copies thereof; (B) a copy of the resolutions authorizing the Transactions
insofar as they relate to such Borrowing Subsidiary, certified to be complete, correct and in full force and effect; (C) certification as to the incumbency and signatures of the officers signing the applicable Borrowing Subsidiary Agreement; and (D)
evidence of the incumbency of such secretary or assistant secretary; (ii) evidence of the existence and good standing (to the extent such concept is relevant to such Borrowing Subsidiary in its jurisdiction of organization) of such Borrowing
Subsidiary; and (iii) to the extent requested by the Administrative Agent, opinions of counsel, all in form and substance reasonably satisfactory to the Administrative Agent and its counsel. 
  
 ARTICLE V 
  
 Affirmative Covenants 
  
 Until the Commitments have expired or terminated and the principal of and interest on each Loan and all fees payable hereunder have been paid in full, and
all Letters of Credit have been canceled or have expired and all amounts drawn thereunder have been reimbursed in full, each of Holdings, the Company and ASII, and each Borrowing Subsidiary covenants and agrees with the Lenders (but, in the case of
each Borrowing Subsidiary, only as to such Borrowing Subsidiary and its own subsidiaries), that: 
  
 SECTION 5.01. Corporate Existence. Holdings, the Company, ASII and each Borrowing Subsidiary will, and will cause each other Material Subsidiary
to, preserve and maintain its corporate existence, subject to the provisions of Section 6.03. 
  
 SECTION 5.02. Maintenance of Properties. Holdings will, and will cause each Subsidiary to, maintain, preserve and keep its Properties necessary to the proper conduct of its business in reasonably good repair,
working order and condition (ordinary wear and tear and damage by casualty excepted) and will from time to time make all necessary repairs, renewals, replacements, additions and betterments thereto so that at all times such Property shall be
reasonably preserved and maintained, except, in each case, to the extent that the failure to do so could not reasonably be expected to result in a 

  

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Material Adverse Effect; provided, however, that nothing in this Section 5.02 shall prevent Holdings or a Subsidiary from discontinuing the
operation or maintenance of any such Property if such discontinuance is, in the judgment of Holdings, desirable in the conduct of its business or the business of the Subsidiary. 
  
 SECTION 5.03. Taxes. Holdings will duly pay and discharge, and will cause each Subsidiary to pay and discharge, all
material taxes, rates, assessments, fees and governmental charges upon or against Holdings or such Subsidiary or against their respective Property, in each case before the same become delinquent and before penalties accrue thereon, unless and to the
extent that the same are being contested in good faith and by appropriate proceedings and adequate reserves under GAAP are provided therefor. 
  
 SECTION 5.04. Insurance. Holdings will insure, and keep insured, and will cause each Subsidiary to insure, and keep insured, with reputable
insurance companies, such of its insurable Property as is of a character usually insured by companies similarly situated and operating like Property to the extent insurance is available on commercially reasonable terms. To the extent usually insured
(subject to self-insured retentions) by companies similarly situated and conducting similar businesses, and to the extent insurance is available on commercially reasonable terms, Holdings will also insure, and cause each Subsidiary to insure,
employers’ and public and product liability risks with reputable insurance companies. 
  
 SECTION 5.05. Financial Reports and Other Information. Holdings will, and will cause each Subsidiary to, maintain a standard system of accounting substantially in accordance with GAAP and will furnish to the
Lenders and their respective duly authorized representatives such information respecting the business and financial condition of Holdings and the Subsidiaries as they may reasonably request; and without any request will furnish to the Administrative
Agent, which will make available by means of electronic posting to each Lender: 
  
 (a) within 15 days of each date Holdings is required to file a report on Form 10-K for any fiscal year with the SEC, its audited
consolidated balance sheet and related statements of operations, stockholders’ equity and cash flows as of the end of and for such year, setting forth in each case in comparative form the figures for the previous fiscal year, all reported on by
Ernst & Young LLP or other independent public accountants of recognized national standing (without a “going concern” or like qualification or exception and without any qualification or exception as to the scope of such audit) to the
effect that such consolidated financial statements present fairly in all material respects the financial condition and results of operations of the Holdings and its consolidated Subsidiaries on a consolidated basis in accordance with GAAP
consistently applied; 
  
 (b) within 15 days of
each date Holdings is required to file a report on Form 10-Q for any fiscal quarter with the Securities and Exchange Commission, its consolidated balance sheet and related statements of operations, stockholders’ equity and cash flows as of the
end of and for such fiscal quarter and the then 

  

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elapsed portion of the fiscal year, setting forth in each case in comparative form the figures for the corresponding period or periods of (or, in the case of
the balance sheet, as of the end of) the previous fiscal year, all certified by one of its Financial Officers as presenting fairly in all material respects the financial condition and results of operations of Holdings and its consolidated
Subsidiaries on a consolidated basis in accordance with GAAP consistently applied, subject to normal year-end audit adjustments and the absence of footnotes; 
  

(c) concurrently with any delivery of financial statements under clause (a) or (b) above, a certificate of a Financial Officer of
Holdings (i) certifying as to whether a Default has occurred since the date of the most recent certificate delivered under this paragraph and, if a Default has occurred, specifying the details thereof and any action taken or proposed to be taken
with respect thereto, (ii) setting forth reasonably detailed calculations demonstrating compliance with Sections 6.05 and 6.06 and setting forth in reasonable detail computations of the ratio of Consolidated Total Debt to Consolidated EBITDA, the
ratio of Consolidated Free Cash Flow to Consolidated Interest Expense and Consolidated Net Tangible Assets and (iii) stating whether any change in GAAP or in the application thereof has occurred since the date of the audited financial statements
referred to in Section 3.04 and, if any such change has occurred, specifying the effect of such change on the financial statements accompanying such certificate; 
  
 (d) concurrently with the delivery of financial statements for any fiscal year under clause (a) above, to
the extent provided to the SEC on Form 10-K for such fiscal year, (i) the consolidating balance sheet as of the end of such fiscal year provided to the SEC on Form 10-K and (ii) the related consolidating statements of income and retained earnings
and cash flows for such fiscal year provided to the SEC on Form 10-K; 
  
 (e) concurrently with the delivery of financial statements for any fiscal quarter under clause (b) above, to the extent provided to the SEC on Form 10-Q for such fiscal quarter, (i) the consolidating balance sheet as
of the end of such fiscal year provided to the SEC on Form 10-Q and (ii) the related consolidating statements of income and retained earnings and cash flows for such fiscal quarter provided to the SEC on Form 10-Q; 
  
 (f) promptly after the same become publicly available,
copies of all periodic and other reports (including all reports on Form 10-K, Form 10-Q and Form 8-K), proxy statements and other materials filed by Holdings or any Subsidiary with the SEC, or any Governmental Authority succeeding to any or all of
the functions of said Commission, or with any national securities exchange, or distributed by Holdings to its shareholders generally, as the case may be; 
  
 (g) promptly following any request therefor, such other information regarding the operations, business affairs and financial condition of
Holdings or any Subsidiary, or compliance with the terms of this Agreement, as the Administrative Agent, any Issuing Bank or any Lender acting through the Administrative Agent may reasonably request; 
  

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 (h) prompt written notice (including a description in reasonable detail) of (i) the
occurrence of any Default; (ii) the filing or commencement of any action, suit or proceeding by or before any arbitrator or Governmental Authority against Holdings, any Subsidiary or any Affiliate thereof that could reasonably be expected to result
in a Material Adverse Effect; (iii) the occurrence of any “prohibited transaction” (as defined in ERISA) that would reasonably be expected to result in a Material Adverse Effect and (iv) any other development that results in, or would
reasonably be expected to result in, a Material Adverse Effect. Each notice delivered under this paragraph shall be accompanied by a statement of a Financial Officer or other executive officer of Holdings setting forth a summary in reasonable detail
of the event or development requiring such notice and any action taken or proposed to be taken with respect thereto; and 
  
 (i) within five Business Days after Holdings or the Company has knowledge thereof, notice of any change to any Index Rating by S&P or
Moody’s. 
  
 Information required to be delivered pursuant to the clauses
above shall be deemed to have been delivered if such information, or one or more annual or quarterly reports containing such information, shall have been posted on the Company’s website on the Internet at http://www.americanstandard.com (or
such other address as the Company shall provide to the Lenders) or by the Administrative Agent on an IntraLinks or similar site to which the Lenders have been granted access or shall be available on the website of the Securities and Exchange
Commission at http://www.sec.gov (and a confirming electronic correspondence shall have been delivered or caused to be delivered to the Administrative Agent and each Lender providing notice of such posting or availability). 
  
 Each of the financial statements furnished to the Lenders pursuant to
subsections (a) and (b) of this Section 5.05 shall be accompanied by a compliance certificate in substantially the form of Exhibit E signed by a Financial Officer of Holdings. 
  
 SECTION 5.06. Books and Records; Inspection Rights. Holdings will, and will cause each of its Subsidiaries to, permit
any representatives designated by the Administrative Agent or any Lender, upon reasonable prior notice, to visit and inspect its properties, to examine and make extracts from its books and records, and to discuss its affairs, finances and condition
with its officers and independent accountants, all on reasonable terms and conditions and during normal business hours. 
  
 SECTION 5.07. Compliance with Laws. Holdings will, and will cause each of its Subsidiaries to, comply with all laws, rules, regulations and orders
of each Governmental Authority applicable to it or its property, including all Environmental Laws, except where the failure to do so, individually or in the aggregate, could not reasonably be expected to result in a Material Adverse Effect.

  

 69 

 ARTICLE VI 
  
 Negative Covenants 
  
 Until the Commitments have expired or terminated and the principal of and interest on each Loan and all fees payable hereunder have been paid in full, and
all Letters of Credit have been canceled or have expired and all amounts drawn thereunder have been reimbursed in full, each of Holdings, the Company and ASII, and each Borrowing Subsidiary, covenants and agrees with the Lenders (but, in the case of
each Borrowing Subsidiary, only as to such Borrowing Subsidiary and its own subsidiaries), that none of Holdings or any Subsidiary will: 
  
 SECTION 6.01. Liens. Directly or indirectly create, incur, assume or permit to exist any Lien securing Indebtedness upon or with respect to any of
its property or assets, whether now owned or hereafter acquired, except: 
  
 (a) Permitted Encumbrances; 
  
 (b) Liens created under this Agreement; 
  
 (c) Liens existing on the date hereof and set forth on Schedule 6.01 and any replacements thereof; provided that (i) no such Lien shall apply to any other property or assets of Holdings or any Subsidiary other
than improvements and accessions to the subject assets and proceeds thereof and (ii) no such Lien shall secure obligations other than those which it secured on the date hereof and permitted extensions, renewals and replacements thereof; 

 
 (d) Liens on assets existing at the time such assets are
acquired by Holdings or a Subsidiary and any replacements thereof; provided that (i) no such Lien is created in contemplation of or in connection with such acquisition, (ii) no such Lien shall apply to any other property or assets of Holdings
or any Subsidiary other than improvements and accessions to the subject assets and proceeds thereof and (iii) no such Lien shall secure obligations other than those which it secures on the date of such acquisition and permitted extensions, renewals
and replacements thereof; 
  
 (e) Liens on assets
of any Person at the time such Person becomes a Subsidiary and any replacements thereof; provided that (i) no such Lien is created in contemplation of or in connection with such Person becoming a Subsidiary, (ii) no such Lien shall apply to
any other property or assets of Holdings or any Subsidiary other than improvements and accessions to the subject assets and proceeds thereof and (iii) no such Lien shall secure obligations other than those which it secures on the date such Person
becomes a Subsidiary and permitted extensions, renewals and replacements thereof; 
  
 (f) Liens securing Indebtedness incurred to finance the purchase, of property, plant or equipment acquired after the date hereof to the
extent such Liens attach only to such property, plant or equipment and improvements and 

  

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accretions thereto and are created at the time of or within 180 days after the acquisition of such property, plant, equipment, improvements or accretions, as
the case may be, and any replacements thereof; provided that no such Lien shall apply to any other property or assets of Holdings or any Subsidiary other than improvements and accessions to the subject property or assets and proceeds thereof;

  
 (g) customary Liens arising from or created
in connection with the issuance of trade letters of credit for the account of the Company or any Subsidiary supporting obligations not constituting Indebtedness; provided that such Liens encumber only the raw materials, inventory, machinery
or equipment in connection with the purchase of which such letters of credit are issued; 
  
 (h) Liens on assets associated with sales offices purchased from third parties by Holdings or the Subsidiaries and securing Indebtedness
of Holdings or the Subsidiaries issued as consideration for such purchases; 
  
 (i) Liens on assets of Subsidiaries securing obligations owed to Holdings or one or more other Subsidiaries (other than Liens existing or deemed to exist in connection with Securitization Transactions);
provided that no such Lien shall be created in favor of any person other than Holdings or a Subsidiary; 
  
 (j) to the extent such transactions are not structured as true sales of accounts receivable, Liens existing or deemed to exist in
connection with (i) Existing Receivables Programs in an aggregate amount not greater than the aggregate amount (i.e., the greater of the commitment amount and the outstanding amount thereunder) of the Existing Receivables Programs as of the
Effective Date, and (ii) other Securitization Transactions in an aggregate amount not greater at any time than US$250,000,000; 
  
 (k) to the extent such transactions are not structured as true sales of accounts receivable, Liens existing or deemed to exist in
connection with Securitization Transactions (other than the Existing Receivables Programs permitted under clause (i) of paragraph (j) above) in an aggregate amount greater than $250,000,000; provided, that, to the extent such Liens are not
permitted under paragraph (l) below, at the time of any such creation or deemed creation of a Lien, the Commitments shall be reduced pursuant to Section 2.09(b), and any outstanding Loans shall be prepaid pursuant to Section 2.11(a), in an amount
equal to such excess; 
  
 (l) Liens securing or
deemed to exist in connection with Indebtedness in an aggregate principal amount that, taken together with the aggregate Subsidiary Indebtedness and preferred stock or other preferred equity securities permitted under Section 6.02(i), does not
exceed the greater of US$250,000,000 and 15% of Consolidated Net Tangible Assets as of the end of the most recent fiscal quarter for which financial statements have been delivered pursuant to Section 5.04(a) or (b); and 
  

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 (m) Liens securing judgments entered against Holdings or the Subsidiaries so long as such
judgments have not resulted in Events of Default under Section 7.01(i). 
  
 SECTION 6.02. Subsidiary Indebtedness. Permit any Subsidiary (other than the Company or ASII) to Incur any Indebtedness or to issue any preferred stock or other preferred equity securities except: 
  
 (a) the Obligations; 
  
 (b) Indebtedness existing on the date hereof and set forth
on Schedule 6.02 and extensions, renewals and replacements of any such Indebtedness that do not increase the outstanding principal amount thereof or result in an earlier maturity date or decreased weighted average life thereof; 
  
 (c) Indebtedness, preferred stock or preferred equity
securities of Subsidiaries existing at the time they become Subsidiaries and not incurred in contemplation of their becoming Subsidiaries; 
  
 (d) Indebtedness (or preferred stock or preferred equity securities) representing the purchase price, or incurred to finance the purchase,
of property, plant or equipment acquired after the date hereof or secured by a Lien on any such property, plant or equipment prior to the acquisition thereof to the extent such Lien attaches only to such property, plant or equipment and improvements
and accretions thereto; 
  
 (e) Indebtedness owed
to Holdings or one or more other Subsidiaries (or preferred stock or preferred equity securities; provided that such preferred stock or preferred equity securities are owned by Holdings or one or more Subsidiaries); provided that no
Lien on any such Indebtedness (or preferred stock or preferred equity securities) shall be created in favor of any person other than Holdings or a Subsidiary; 
  

(f) Indebtedness deemed to exist as a result of Securitization Transactions permitted under clauses (j) and (k) of Section 6.01;

  
 (g) Indebtedness in connection with
overdrafts, in the ordinary course of business, under Cash Pooling Arrangements; 
  
 (h) Indebtedness, preferred stock or other preferred equity securities of any Non-US Subsidiary, including any extensions, renewals and
replacements of any such Indebtedness that do not result in an earlier maturity date or decreased weighted average life thereof, in an aggregate amount not to exceed $250,000,000 at any time outstanding; and 
  
 (i) other Indebtedness that, taken together with the
aggregate Indebtedness secured by Liens permitted under Section 6.01(k), does not exceed the greater of US$250,000,000 and 15% of Consolidated Net Tangible Assets as of the end of the most recent fiscal quarter for which financial statements have
been delivered pursuant to Section 5.04(a) or (b). 
  

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 SECTION 6.03. Fundamental Changes. (a) In the case of Holdings or any Material Subsidiary, merge
with or into or consolidate with any other Person, or liquidate or dissolve, or sell, transfer, lease or otherwise dispose of (in one transaction or in a series of related transactions) all or substantially all of the consolidated assets of Holdings
and the Subsidiaries (whether now owned or hereafter acquired and whether directly or through any merger or consolidation of, or any issuance, sale, transfer, lease or other disposition of equity interests in, any Subsidiary) except that if at the
time thereof and immediately after giving effect thereto no Default shall have occurred and be continuing, (i) any Person may merge into Holdings in a transaction in which Holdings is the surviving corporation, (ii) any Person (other than the
Company or ASII) may merge into any Subsidiary in a transaction in which the surviving entity is a Subsidiary, (iii) the Company or ASII may merge into any Subsidiary in a transaction in which the surviving entity assumes the Obligations of the
Company or ASII, as the case may be, under the Credit Agreement, (iv) any Subsidiary (other than the Company or ASII) may liquidate or dissolve if Holdings determines in good faith that such liquidation or dissolution is in the best interests of
Holdings and the Subsidiaries and is not materially disadvantageous to the Lenders and (v) any sale of assets (or stock of a Subsidiary) permitted hereunder may be effected through the merger or consolidation of one or more Material Subsidiaries
(other than the Company, ASII or any Borrowing Subsidiary) in a transaction in which the surviving person is not a Subsidiary. 
  
 (b) Sell, transfer, lease or otherwise dispose of (in one transaction or in a series of related transactions) to any Person other than Holdings or a
Subsidiary, assets (other than assets sold pursuant to any Securitization Transaction, including the Existing Receivables Programs) with an aggregate fair market value during any fiscal year greater than 25% of the Consolidated Total Assets of
Holdings at the end of the immediately preceding fiscal year. 
  
 (c) Alter in a fundamental manner the character of the business of Holdings and its Subsidiaries taken as a whole from that conducted immediately prior to the date hereof (it being understood that the entry into other industrial businesses
or businesses reasonably related, similar or ancillary to any of the businesses conducted by Holdings or its Subsidiaries as of the date hereof shall not be considered a fundamental alteration). 
  
 SECTION 6.04. Use of Proceeds. Use the proceeds of the Loans or the
Letters of Credit for any purpose other than the purposes set forth in the preamble to this Agreement, or use any part of the proceeds of any Loan, whether directly or indirectly, for any purpose that entails a violation of any of the Regulations of
the Board, including Regulations U and X. Permit more than 25% of the value of the assets of Holdings and the Subsidiaries which are subject to any arrangement hereunder restricting the ability of Holdings or such Subsidiary to sell, pledge or
otherwise dispose of assets to consist of Margin Stock. 
  

 73 

 SECTION 6.05. Ratio of Consolidated Total Debt to Consolidated EBITDA. Permit the ratio of (i)
Consolidated Total Debt of Holdings on the last day of any fiscal quarter to (ii) Consolidated EBITDA of Holdings for the period of four consecutive fiscal quarters ending on such day to exceed 3.00 to 1.00. 
  
 SECTION 6.06. Ratio of Consolidated Free Cash Flow to Consolidated
Interest Expense. Permit the ratio of (i) Consolidated Free Cash Flow of Holdings to (ii) Consolidated Interest Expense of Holdings, in each case for any period of four consecutive fiscal quarters, to be less than 3.25 to 1.00. 
  
 ARTICLE VII 
  
 Events of Default and CAM 
  
 SECTION 7.01. Events of Default. If any of the following events (“Events of Default”) shall occur: 
  
 (a) (i) any Borrower shall default in the payment when due
of any principal on any Loan or any reimbursement obligation in respect of any LC Disbursement, whether at the stated maturity thereof or at any other time provided in this Agreement, or (ii) any Borrower shall default for a period of three days in
the payment when due of interest on any Loan or LC Disbursement or of any other sum required to be paid pursuant to this Agreement; 
  
 (b) Holdings or any Borrower shall default in the observance or performance of any of the covenants set forth in Section 5.01 (with
respect to Holdings’, the Company’s or ASII’s existence) or 5.05(i) or in Article VI; 
  
 (c) any Borrower shall default in the observance or performance of any provision hereof or of any other Credit Document not mentioned in
(a) or (b) above, which default is not remedied within 30 days (or 60 days if (x) such default is capable of being cured, (y) a cure of such default will require more than 30 days and (z) the applicable Borrower is proceeding to effect a cure of
such default) after notice thereof to the Company by the Administrative Agent or any Lender; 
  
 (d) any representation or warranty made (or deemed made) herein or in any other Credit Document by any Credit Party, or in any statement
or certificate furnished by any Credit Party pursuant hereto or in connection with any Credit Event, proves untrue in any material respect as of the date of the making (or deemed making) thereof; 
  
 (e) Holdings or any Subsidiary shall default in the payment
when due, after any applicable grace period, of any Material Indebtedness (other than Material Indebtedness owed to Holdings or a Subsidiary); or there shall occur any default or other event under any indenture, agreement or other instrument under
which any Material Indebtedness is outstanding and such default or event shall result in the acceleration of the maturity or the required redemption or repurchase 

  

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of such Material Indebtedness (or, in the case of any such Material Indebtedness under any Hedging Agreement, the early termination of or any required
payment under such Hedging Agreement); 
  
 (f)
any “reportable event” (as defined in ERISA) that constitutes grounds for the termination of any Plan by the PBGC, or for the appointment by an appropriate court of a trustee to administer or liquidate any Plan, or that could
reasonably be expected to result in a Material Adverse Effect, shall have occurred and shall be continuing 30 days after written notice to such effect shall have been given to the Company by the Administrative Agent; or any Plan shall be terminated
by the PBGC; or a trustee shall be appointed to administer any Plan; or the PBGC shall institute proceedings to administer or terminate any Plan; and in the case of any such event the aggregate amount of unfunded liabilities payable by Holdings and
its Subsidiaries under any affected Plan shall exceed (either singly or in the aggregate in the case of any such liability arising under more than one Plan) US$50,000,000; or Holdings or any of its Subsidiaries or any member of the Controlled Group
of any of them shall withdraw (completely or partially) from any “multiemployer plan” (as defined in Section 4001(a)(3) of ERISA) and the aggregate amount of the liability of Holdings and its Subsidiaries to such plan under Title IV
of ERISA shall exceed (either singly or in the aggregate in the case of any such liability arising under more than one such plan) US$50,000,000; 
  
 (g) an involuntary proceeding shall be commenced or an involuntary petition shall be filed seeking (i) liquidation, reorganization or
other relief in respect of Holdings or any Material Subsidiary or its debts, or of a substantial part of its assets, under any Federal, state or foreign bankruptcy, insolvency, receivership or similar law now or hereafter in effect or (ii) the
appointment of a receiver, trustee, custodian, sequestrator, conservator or similar official for Holdings or any Material Subsidiary or for a substantial part of its assets, and, in any such case, such proceeding or petition shall continue
undismissed for 60 days or an order or decree approving or ordering any of the foregoing shall be entered; 
  
 (h) Holdings or any Material Subsidiary shall (i) voluntarily commence any proceeding or file any petition seeking liquidation,
reorganization or other relief under any Federal, state or foreign bankruptcy, insolvency, receivership or similar law now or hereafter in effect, (ii) consent to the institution of, or fail to contest in a timely and appropriate manner, any
proceeding or petition described in clause (g) of this Article, (iii) apply for or consent to the appointment of a receiver, trustee, custodian, sequestrator, conservator or similar official for Holdings or any Material Subsidiary or for a
substantial part of its assets, (iv) file an answer admitting the material allegations of a petition filed against it in any such proceeding, or (v) make a general assignment for the benefit of creditors; 
  
 (i) one or more judgments for the payment of money in an
aggregate amount in excess of US$50,000,000 (except to the extent covered by insurance as to which the insurer has acknowledged such coverage in writing) shall be rendered against Holdings, any Material Subsidiary or any combination thereof 

  

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and the same shall remain undischarged for a period of 60 consecutive days during which execution shall not be effectively stayed, or any action shall be
legally taken by a judgment creditor to attach or levy upon any assets of Holdings or any Material Subsidiary to enforce any such judgment; 
  
 (j) Holdings, the Company or ASII shall fail to observe or perform any covenant, condition or agreement contained in Article IX, or the
guarantee of Holdings, the Company or ASII hereunder shall not be (or shall be claimed by Holdings, the Company or ASII not to be) valid or in full force and effect; or 
  
 (k) a Change in Control shall occur; 
  
 then, and in every such event (other than an event with respect to Holdings, the Company or ASII described in clause (g) or (h) of this
Section), and at any time thereafter during the continuance of such event, the Administrative Agent may, and at the request of the Required Lenders shall, by notice to Borrower Agent, take either or both of the following actions, at the same or
different times: (i) terminate the Commitments, and thereupon the Commitments shall terminate immediately, and (ii) declare the Loans then outstanding to be due and payable in whole (or in part, in which case any principal not so declared to be due
and payable may thereafter be declared to be due and payable), and thereupon the principal of the Loans so declared to be due and payable, together with accrued interest thereon and all fees and other obligations of the Company accrued hereunder,
shall become due and payable immediately, without presentment, demand, protest or other notice of any kind, all of which are hereby waived by Holdings and the Borrowers; and in case of any event with respect to Holdings, the Company or ASII
described in clause (g) or (h) of this Section, the Commitments shall automatically terminate and the principal of the Loans then outstanding, together with accrued interest thereon and all fees and other obligations of the Borrowers accrued
hereunder, shall automatically become due and payable, without presentment, demand, protest or other notice of any kind, all of which are hereby waived by Holdings and each Borrower. 
  
 SECTION 7.02. CAM Exchange. On the CAM Exchange Date, (i) the Commitments shall automatically and without further act
be terminated as provided in Section 7.01 and (ii) the Lenders shall automatically and without further act be deemed to have exchanged interests in the Designated Obligations under the Tranches such that, in lieu of the interests of each Lender in
the Designated Obligations under each Tranche in which it shall participate as of such date (including the principal, reimbursement, interest and fee obligations of each Borrower in respect of each such Tranche), such Lender shall own an interest
equal to such Lender’s CAM Percentage in the Designated Obligations under each of the Tranches (including the principal, reimbursement, interest and fee obligations of each Borrower in respect of each such Tranche). Each Lender, each person
acquiring a participation from any Lender as contemplated by Section 10.04, Holdings, the Company, ASII and each other Borrower hereby consents and agrees to the CAM Exchange. Holdings, the Company, ASII, each other Borrower and each Lender agrees
from time to time to execute and deliver to the Agents all such promissory notes and other instruments and documents as the Agents shall reasonably request to evidence and confirm the respective interests and obligations of the Lenders after giving
effect to the 

  

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CAM Exchange, and each Lender agrees to surrender any promissory notes originally received by it in connection with its Loans hereunder to the Administrative
Agent against delivery of any promissory notes so executed and delivered; provided that the failure of the Company, ASII or any other Borrower to execute or deliver or of any Lender to accept any such promissory note, instrument or document
shall not affect the validity or effectiveness of the CAM Exchange. In the event that on the CAM Exchange Date any Swingline Loan shall be outstanding (other than any Swingline Loan in respect of which Lenders have funded their purchase of
participations pursuant to Section 2.06(c)), then each US Tranche Lender (determined immediately prior to the CAM Exchange) shall, in accordance with the provisions of Section 2.06(c), promptly purchase from the Swingline Lender a participation in
such Swingline Loan in the amount of such Lender’s Applicable Percentage of such Swingline Loan (determined immediately prior to the CAM Exchange). As a result of the CAM Exchange, on and after the CAM Exchange Date, (i) each payment received
by the Administrative Agent pursuant to any Loan Document in respect of the Designated Obligations shall be distributed to the Lenders pro rata in accordance with their respective CAM Percentages (to be redetermined as of each such date of payment
or distribution to the extent required by the next paragraph below) and (ii) Section 2.17(e) shall not apply with respect to any Taxes required to be withheld or deducted by a Borrower from or in respect of payments hereunder to any Lender or
Administrative Agent that exceed the Taxes such Borrower would have otherwise been required to withhold or deduct from or in respect of payments to such Lender or Administrative Agent had such CAM Exchange not occurred. 
  
 SECTION 7.03. Letters of Credit. In the event that, on or after the
CAM Exchange Date, the aggregate amount of the Designated Obligations shall change as a result of the making of an LC Disbursement by an Issuing Bank that is not reimbursed by the applicable Borrower, then (i) each US Tranche Lender (determined
without giving effect to the CAM Exchange) shall, in accordance with Section 2.05(d), promptly purchase from the applicable Issuing Bank a participation in such LC Disbursement in the amount of such US Tranche Lender’s applicable US Tranche
Percentage of such LC Disbursement (without giving effect to the CAM Exchange) and (ii) the Administrative Agent shall redetermine the CAM Percentages after giving effect to such LC Disbursement and the purchase of participations therein by the
applicable US Tranche Lenders and, in the event distributions shall have been made in accordance with clause (i) of the last sentence of Section 7.02, the Lenders shall make such payments to one another as shall be necessary in order that the
amounts received by them shall be equal to the amounts they would have received had each LC Disbursement been outstanding on the CAM Exchange Date. Each such redetermination shall be binding on each of the Lenders and their successors and assigns
and shall be conclusive, absent manifest error. 
  
 ARTICLE VIII

  
 The Agents 
  
 In order to expedite the transactions contemplated by this Agreement, JPMCB
is hereby appointed to act as Administrative Agent, JPMEL is hereby appointed to act as London Agent and Belgian Agent, on behalf of the Lenders and, where 

  

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applicable, the Issuing Banks, and JPMorgan Chase Bank, N.A., Toronto Branch is hereby appointed to act as Canadian Agent, on behalf of the Lenders. Each of
the Lenders and each of the Issuing Banks hereby irrevocably authorizes the Agents to take such actions on its behalf and to exercise such powers as are delegated to the Agents by the terms of the Credit Documents, together with such actions and
powers as are reasonably incidental thereto. 
  
 Any Lender
serving as Agent hereunder shall have the same rights and powers in its capacity as a Lender as any other Lender and may exercise the same as though it were not such Agent, and such Lender and its Affiliates may accept deposits from, lend money to
and generally engage in any kind of business with any Credit Party or any Affiliate thereof as if it were not such Agent hereunder. 
  
 The Agents shall not have any duties or obligations except those expressly set forth in the Credit Documents. Without limiting the generality of the
foregoing, (a) no Agent shall be subject to any fiduciary or other implied duties, regardless of whether a Default has occurred and is continuing, (b) no Agent shall have any duty to take any discretionary action or exercise any discretionary
powers, except discretionary rights and powers expressly contemplated by the Credit Documents that such Agent is required to exercise in writing by the Required Lenders (or such other number or percentage of the Lenders as shall be necessary under
the circumstances as provided in Section 10.02), and (c) except as expressly set forth in the Credit Documents, no Agent shall have any duty to disclose, or be liable for the failure to disclose, any information relating to Holdings or any
Subsidiary that is communicated to or obtained by the bank serving as Agent or any of its Affiliates in any capacity. No Agent shall be liable for any action taken or not taken by it with the consent or at the request of the Required Lenders (or
such other number or percentage of the Lenders as shall be necessary under the circumstances as provided in Section 10.02) or in the absence of its own gross negligence or wilful misconduct. No Agent shall be deemed to have knowledge of any Default
unless and until written notice thereof is given to such Agent by a Borrower or a Lender, and no such Agent shall be responsible for or have any duty to ascertain or inquire into (i) any statement, warranty or representation made in or in connection
with any Credit Document, (ii) the contents of any certificate, report or other document delivered hereunder or in connection herewith, (iii) the performance or observance of any of the covenants, agreements or other terms or conditions set forth in
any Credit Document, (iv) the validity, enforceability, effectiveness or genuineness of any Credit Document or any other agreement, instrument or document, or (v) the satisfaction of any condition set forth in Article IV or elsewhere in any Credit
Document, other than to confirm receipt of items expressly required to be delivered to such Agent. 
  
 Each Agent shall be entitled to rely upon, and shall not incur any liability for relying upon, any notice, request, certificate, consent, statement,
instrument, document or other writing believed by it in good faith to be genuine and to have been signed or sent by the proper Person. Each Agent also may rely upon any statement made to it orally or by telephone and believed by it in good faith to
be made by the proper Person, and shall not incur any liability for relying thereon. Each Agent may consult with legal counsel (who may be counsel for any Credit Party), independent accountants and other experts selected by it, and shall not be
liable for any action taken or not taken by it in accordance with the advice of any such counsel, accountants or experts. 
  

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 Each Agent may perform any and all its duties and exercise its rights and powers by or through any one or
more sub-agents appointed by such Agent. Such Agent and any such sub-agent may perform any and all its duties and exercise its rights and powers through their respective Related Parties. The exculpatory provisions of the preceding paragraphs and the
provisions of Section 10.03 shall apply to any such sub-agent and to the Related Parties of the Agents and any such sub-agent, and shall apply to their respective activities in connection with the syndication of the credit facilities provided for
herein as well as activities as Agent. 
  
 Subject to the
appointment and acceptance of a successor Agent as provided in this paragraph, any Agent may resign at any time by notifying the Lenders, the Issuing Banks and the Company. Upon any such resignation, the Administrative Agent, or, if the
Administrative Agent shall have resigned, the Required Lenders, shall have the right (in consultation with, and with the consent of (unless an Event of Default has occurred and is continuing pursuant to clause (g) or (h) of Section 7.01), the
Company, which shall not be unreasonably withheld) to appoint a successor. If no successor shall have been so appointed and shall have accepted such appointment within 30 days after the retiring Agent gives notice of its resignation, then the
retiring Agent may (in consultation with, and with the consent of (unless an Event of Default has occurred and is continuing pursuant to clause (g) or (h) of Section 7.01), the Company, which shall not unreasonably withhold such consent and which
shall, if the retiring Agent shall so request, designate and approve a successor Agent) on behalf of the Lenders and the Issuing Banks, appoint a successor Agent which shall be a bank with an office in New York, New York, or an Affiliate of any such
bank. Upon the acceptance of its appointment as Agent hereunder by a successor, such successor shall succeed to and become vested with all the rights, powers, privileges and duties of the retiring Agent, and the retiring Agent shall be discharged
from its duties and obligations hereunder. After an Agent’s resignation hereunder, the provisions of this Article and Section 10.03 shall continue in effect for the benefit of such retiring Agent, its sub-agents and their respective Related
Parties in respect of any actions taken or omitted to be taken by any of them while it was acting as Agent. 
  
 Each Lender acknowledges that it has, independently and without reliance upon the Agents or any other Lender and based on such documents and information
as it has deemed appropriate, made its own credit analysis and decision to enter into this Agreement. Each Lender also acknowledges that it will, independently and without reliance upon the Agents or any other Lender and based on such documents and
information as it shall from time to time deem appropriate, continue to make its own decisions in taking or not taking action under or based upon this Agreement, any other Credit Document, any related agreement or any document furnished hereunder or
thereunder. 
  

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 None of the institutions named as Syndication Agents or Documentation Agents in the heading of this
Agreement shall, in their capacities as such, have any duties or responsibilities of any kind under this Agreement. 
  
 ARTICLE IX 
  
 Guarantee 
  
 In order to induce the Lenders to
extend credit to the Borrowers hereunder, each of Holdings, the Company and ASII hereby irrevocably and unconditionally guarantees, as a primary obligor and not merely as a surety, the Obligations. Each of Holdings, the Company and ASII further
agrees that the due and punctual payment of the Obligations may be extended or renewed, in whole or in part, without notice to or further assent from it, and that it will remain bound upon its guarantee hereunder notwithstanding any such extension
or renewal of any Obligation. 
  
 Each of Holdings, the Company
and ASII waives presentment to, demand of payment from and protest to any Borrower of any of the Obligations, and also waives notice of acceptance of its obligations and notice of protest for nonpayment. The obligations of each of Holdings, the
Company and ASII hereunder shall not be affected by (a) the failure of any Lender to assert any claim or demand or to enforce any right or remedy against any Borrower under the provisions of this Agreement or any other Credit Document or otherwise;
(b) any extension or renewal of any of the Obligations; (c) any rescission, waiver, amendment or modification of, or release from, any of the terms or provisions of this Agreement or any other Credit Document; (d) the failure or delay of any Lender
to exercise any right or remedy against any other guarantor of the Obligations; (e) the failure of any Lender to assert any claim or demand or to enforce any remedy under any Credit Document or any other agreement or instrument; (f) any default,
failure or delay, wilful or otherwise, in the performance of the Obligations; or (g) any other act, omission or delay to do any other act which may or might in any manner or to any extent vary the risk of Holdings, the Company or ASII or otherwise
operate as a discharge of Holdings, the Company or ASII as a matter of law or equity or which would impair or eliminate any right of Holdings, the Company or ASII to subrogation. 
  
 Each of Holdings, the Company and ASII further agrees that its guarantee hereunder constitutes a promise of payment when due
(whether or not any bankruptcy or similar proceeding shall have stayed the accrual or collection of any of the Obligations or operated as a discharge thereof) and not merely of collection, and waives any right to require that any resort be had by
any Lender, Agent or Issuing Bank to any balance of any deposit account or credit on the books of any Lender, Agent or Issuing Bank in favor of Holdings, any Borrower or Subsidiary or any other Person. 
  
 The obligations of Holdings, the Company and ASII hereunder shall not be
subject to any reduction, limitation, impairment or termination for any reason, and shall not be subject to any defense or setoff, counterclaim, recoupment or termination whatsoever, by reason of the invalidity, illegality or unenforceability of the
Obligations, any impossibility in the performance of the Obligations or otherwise. 
  

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 Each of Holdings, the Company and ASII further agrees that its obligations hereunder shall continue to be
effective or be reinstated, as the case may be, if at any time payment, or any part thereof, of any Obligation is rescinded or must otherwise be restored by any Lender upon the bankruptcy or reorganization of Holdings or any Borrower or otherwise.

  
 In furtherance of the foregoing and not in limitation of any
other right which any Lender, Agent or Issuing Bank may have at law or in equity against Holdings, the Company or ASII by virtue hereof, upon the failure of any Borrower to pay any Obligation when and as the same shall become due, whether at
maturity, by acceleration, after notice of prepayment or otherwise, each of Holdings, the Company and ASII hereby promises to and will, upon receipt of written demand by the Administrative Agent, forthwith pay, or cause to be paid, to the
Administrative Agent, for distribution to the Lenders, Agents or Issuing Banks, as appropriate, in cash an amount equal the unpaid principal amount of such Obligation. Each of Holdings, the Company and ASII further agrees that if payment in respect
of any Obligation shall be due in a currency other than US Dollars and/or at a place of payment other than New York and if, by reason of any legal prohibition, disruption of currency or foreign exchange markets, war or civil disturbance or other
event, payment of such Obligation in such currency or at such place of payment shall be impossible or, in the reasonable judgment of any Lender, Agent or Issuing Bank, not consistent with the protection of its rights or interests, then, at the
election of such Lender, Agent or Issuing Bank, Holdings, the Company and ASII shall make payment of such Obligation in US Dollars (based upon the applicable Exchange Rate in effect on the date of payment) and/or in New York, and shall indemnify
such Lender, Agent or Issuing Bank against any losses or expenses (including losses or expenses resulting from fluctuations in exchange rates) that it shall sustain as a result of such alternative payment. 
  
 Upon payment in full by Holdings, the Company or ASII of any Obligation of
any Borrower, each Lender shall, in a reasonable manner, assign to Holdings, the Company or ASII, as applicable, the amount of such Obligation owed to such Lender and so paid, such assignment to be pro tanto to the extent to which the Obligation in
question was discharged by Holdings, the Company or ASII, as applicable, or make such disposition thereof as Holdings, the Company or ASII shall direct (all without recourse to any Lender and without any representation or warranty by any Lender).
Upon payment by Holdings, the Company or ASII of any sums as provided above, all rights of Holdings, the Company or ASII against any Borrower arising as a result thereof by way of right of subrogation or otherwise shall in all respects be
subordinated and junior in right of payment to the prior indefeasible payment in full of all the Obligations owed by such Borrower to the Lenders (it being understood that, after the discharge of all the Obligations due and payable from such
Borrower, such rights may be exercised by Holdings, the Company or ASII, as applicable notwithstanding that such Borrower may remain contingently liable for indemnity or other Obligations). 
  

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 ARTICLE X 
  
 Miscellaneous 
  
 SECTION 10.01. Notices. Except in the case of notices and other communications expressly permitted to be given by telephone, all notices and other
communications provided for herein shall be in writing and shall be delivered by hand or overnight courier service, mailed by certified or registered mail or sent by telecopy, as follows: 
  
 (a) if to the Borrower Agent, to it at One Centennial
Avenue, Piscataway, NJ, 08855, Attn. R. Scott Massengill, Vice President and Treasurer, (Telecopy No. (732) 980-6123); 
  
 (b) if to any Borrower, to it in care of the Borrower Agent as provided in paragraph (a) above; 
  
 (c) if to the Administrative Agent, to JPMorgan Chase Bank,
N.A., Loan and Agency Services Group, 1111 Fannin, 10th Floor, Houston, Texas 77002, Attention of Vaughan Nguyen, Loan & Agency Services (Telecopy No. (713) 750-2932), with a copy to JPMorgan Chase Bank, N.A., 270 Park Avenue, New York 10017,
Attention of Randolph Cates (Telecopy No. (212) 270-1403); 
  
 (d) if to the London Agent, to it at J.P. Morgan Europe Limited, 125 London Wall, London EC2Y5AJ, United Kingdom, Attention of James Beard, Loan Agency Division (Telecopy No. 011-44-207-7772360), with a copy to the
Administrative Agent as provided in paragraph (c) above; 
  
 (e) if to the Belgian Agent, to it at J.P. Morgan Europe Limited, 125 London Wall, London EC2Y5AJ, United Kingdom, Attention of James Beard, Loan Agency Division (Telecopy No. 011-44-207-7772360), with a copy to the
Administrative Agent as provided in paragraph (c) above; 
  
 (f) if to the Canadian Agent, to it at JPMorgan Chase Bank, N.A., Toronto Branch, 200 Bay Street, Royal Bank Plaza, South Tower, Suite 1800, Toronto, Ontario M5J 2J2 Canada, Attention of Amanda Vidulich (Telecopy No.
(416) 981-9128), with a copy to the Administrative Agent as provided in paragraph (c) above; 
  
 (g) if to any Issuing Bank, to it at the address most recently specified by it in a notice delivered to the Administrative Agent and the
Borrower Agent; 
  
 (h) if to the Swingline
Lender, (i) in the case of US Tranche Swingline Loans denominated in US Dollars, to it at JPMorgan Chase Bank, N.A., 1111 Fannin Street, 10th Floor, Houston, Texas 77002, Attention of Vaughan Nguyen, Loan & Agency Services (Telecopy No. (713)
750-2932) and (ii) in the case of US Tranche Swingline Loans denominated in Sterling or Euro and Belgian Tranche Swingline Loans denominated in Euro, to it at JPMorgan Chase Bank, N.A., 1111 Fannin Street, 9th Floor, Houston, Texas 77002, Attention of Mia Hamilton / Ashish Baluja (Telecopy No. (713) 750-2129); and 
  

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 (i) if to any other Lender, to it at its address (or telecopy number) set forth in its
Administrative Questionnaire. 
  
 Any party hereto may change its address or
telecopy number for notices and other communications hereunder by notice to the other parties hereto. All notices and other communications given to any party hereto in accordance with the provisions of this Agreement shall be deemed to have been
given on the date of receipt. 
  
 SECTION 10.02. Waivers;
Amendments. (a) No failure or delay by any Agent, any Issuing Bank or any Lender in exercising any right or power hereunder or under any other Credit Document shall operate as a waiver thereof, nor shall any single or partial exercise of any
such right or power, or any abandonment or discontinuance of steps to enforce such a right or power, preclude any other or further exercise thereof or the exercise of any other right or power. The rights and remedies of the Agents, the Issuing Banks
and the Lenders hereunder and under any other Credit Documents are cumulative and are not exclusive of any rights or remedies that they would otherwise have. No waiver of any provision of any Credit Document or consent to any departure by any
Borrower therefrom shall in any event be effective unless the same shall be permitted by paragraph (b) of this Section, and then such waiver or consent shall be effective only in the specific instance and for the purpose for which given. Without
limiting the generality of the foregoing, the making of a Loan or the issuance of a Letter of Credit shall not be construed as a waiver of any Default, regardless of whether any Agent, any Issuing Bank or any Lender may have had notice or knowledge
of such Default at the time. 
  
 (b) Neither this Agreement nor
any other Credit Document nor any provision hereof or thereof may be waived, amended or modified except pursuant to an agreement or agreements in writing entered into by Holdings, the Company, ASII and the Required Lenders or by Holdings, the
Company, ASII and the Administrative Agent with the consent of the Required Lenders and, in the case of any other Credit Document, each applicable Borrower (or the Borrower Agent on behalf of such Borrower); provided that no such agreement
shall (i) increase the Commitment of any Lender without the written consent of such Lender, (ii) reduce the principal amount of any Loan or LC Disbursement or reduce the rate of interest thereon, or reduce any fees payable to any Lender hereunder,
without the written consent of each Lender affected thereby, (iii) postpone the scheduled date of payment of the principal amount of any Loan or LC Disbursement, or any interest thereon, or any fees payable hereunder, or reduce the amount of, waive
or excuse any such payment, or postpone the scheduled date of expiration of any Commitment, without the written consent of each Lender affected thereby, (iv) change Section 2.18(b) or (c) in a manner that would alter the pro rata sharing of payments
required thereby, without the written consent of each Lender affected thereby, (v) change Section 2.09(c) or (e)(iii) in a manner that would alter the pro rata reduction of the Commitments required thereby, without the written consent of each Lender
affected thereby, (vi) change any of the provisions of this Section or the definition of “Required Lenders” or any other provision 

  

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of any Credit Document specifying the number or percentage of Lenders (or Lenders of any Tranche) required to waive, amend or modify any rights hereunder or
make any determination or grant any consent hereunder, without the written consent of each Lender, (vii) change in any material respect any provision of Section 7.02 without the written consent of each Lender affected thereby, (viii) change any
provision of any Credit Document in a manner that by its terms adversely affects the rights in respect of payments due to Lenders under any Tranche differently from those of Lenders under any other Tranche without the written consent of Lenders
holding a majority in interest of the outstanding Loans and unused Commitments of each adversely affected Tranche (treating Competitive Loans in the same way as in determining the Required Lenders for purposes of determining any majority), or (ix)
release Holdings, the Company or ASII from their respective obligations under Article IX, in each case without the written consent of each Lender; provided further that (A) no such agreement shall amend, modify or otherwise affect the rights
or duties of any Agent, any Issuing Bank or the Swingline Lender hereunder without the prior written consent of such Agent, such Issuing Bank or the Swingline Lender, as the case may be, and (B) any waiver, amendment or modification that by its
terms is limited in effect to the rights or duties of Lenders under one or more (but less than all) the Tranches, such waiver, amendment or modification may be effected by an agreement or agreements in writing entered into by Holdings, the Company
and ASII and the requisite percentage in interest of Lenders under each affected Tranche. Notwithstanding the foregoing, any provision of this Agreement may be amended by an agreement in writing entered into by Holdings, the Company, ASII, the
Required Lenders and the Administrative Agent (and, if its rights or obligations are affected thereby, the London Agent) if (i) by the terms of such agreement the Commitment of each Lender not consenting to the amendment provided for therein shall
terminate upon the effectiveness of such amendment and (ii) at the time such amendment becomes effective, each Lender not consenting thereto receives payment in full of the principal of and interest accrued on each Loan made by it and all other
amounts owing to it or accrued for its account under this Agreement. 
  
 (c) If, in connection with any proposed change, waiver, discharge or termination of or to any of the provisions of this Agreement as contemplated by clauses (i) through (ix), inclusive, of the first proviso to Section 10.02(b), the consent
of the Required Lenders is obtained but the consent of one or more of such other Lenders whose consent is required is not obtained, then the Borrowers shall have the right, so long as all non-consenting Lenders whose individual consent is required
are treated as described in either clause (i) or (ii) below, to either: 
  
 (i) replace each such non-consenting Lender or Lenders (or, at the option of the Borrowers if any such Lender’s consent is required with respect to less than all Classes of Loans (or related Commitments), to
replace only the Commitments and/or Loans of such non-consenting Lender that gave rise to the need to obtain such Lender’s individual consent) with one or more assignees pursuant to, and with the effect of an assignment under, Section 2.19 so
long as at the time of such replacement, each such assignee consents to the proposed change, waiver, discharge or termination; or 
  

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 (ii) terminate such nonconsenting Lender’s Commitment (if such Lender’s consent
is required as a result of its Commitment) and/or repay each Class of outstanding Loans of such Lender that gave rise to the need to obtain such Lender’s consent and/or cash collateralize its LC Exposure, in accordance with Section 2.05(i), and
pay all accrued interest, fees and other amounts through the date of such termination and/or repayment; provided that, unless the Commitments that are terminated and Loans that are repaid are immediately replaced in full at such time through the
addition of new Lenders or the increase of the Commitments and/or outstanding Loans of existing Lenders (who in each case must specifically consent thereto), then the Required Lenders (determined after giving effect to the proposed action) shall
specifically consent thereto. 
  
 Any such replacement or termination transaction
described above shall be effective on the date notice is given of the relevant transaction and shall have a settlement date no earlier than five Business Days and no later than 90 days after the relevant transaction. Notwithstanding the foregoing,
with respect to the Lender that is acting as the Administrative Agent, the Borrower shall not have the right to replace such Lender, terminate its Commitment or repay its Loans pursuant to this paragraph as a result of such Lender’s refusal to
consent to any waiver, amendment or modification that would affect its rights and duties in its capacity as Administrative Agent. 
  
 SECTION 10.03. Expenses; Indemnity; Damage Waiver. (a) The Borrowers shall pay (i) all reasonable and documented out-of-pocket expenses incurred by
the Agents and their Affiliates, including the reasonable fees, charges and disbursements of Cravath, Swaine & Moore LLP, counsel for the Administrative Agent, in connection with the syndication of the credit facilities provided for herein, the
preparation and administration of the Credit Documents or any amendments, modifications or waivers of the provisions hereof (whether or not the transactions contemplated hereby or thereby shall be consummated), (ii) all reasonable out-of-pocket
expenses (other than expenses usually and ordinarily incurred in the processing of drafts presented under letters of credit) incurred by any Issuing Bank in connection with the issuance, amendment, renewal or extension of any Letter of Credit or any
demand for payment thereunder and (iii) all reasonable out-of-pocket expenses incurred by any Agent, any Issuing Bank or any Lender, including the fees, charges and disbursements of Cravath, Swaine & Moore LLP, counsel for the Administrative
Agent, and, if an Event of Default shall have occurred or shall be reasonably anticipated by the Administrative Agent, other counsel for any Agent, any Issuing Bank or any Lender, in connection with the enforcement or protection of the rights of any
Agent, Issuing Bank or Lender in connection with the Credit Documents, including its rights under this Section, including all such reasonable out-of-pocket expenses incurred during any workout, restructuring or negotiations in respect of such Loans
or Letters of Credit. 
  
 (b) The Borrowers shall indemnify each
Agent, each Issuing Bank and each Lender, and each Related Party of any of the foregoing Persons (each such Person being called an “Indemnitee”) against, and hold each Indemnitee harmless from, any and all losses, claims, damages,
liabilities and related expenses (other than Excluded Taxes), including the reasonable and documented fees, charges and disbursements of counsel for 

  

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any Indemnitee, incurred by or asserted against any Indemnitee arising out of, in connection with, or as a result of (i) the syndication of the credit
facilities provided for herein, (ii) the execution or delivery of any Credit Document or any agreement or instrument contemplated thereby, the performance by the parties to the Credit Documents of their respective obligations thereunder or the
consummation of the Transactions or any other transactions contemplated hereby, (iii) any Loan or Letter of Credit or the use of the proceeds therefrom (including any refusal by any Issuing Bank to honor a demand for payment under a Letter of Credit
if the documents presented in connection with such demand do not strictly comply with the terms of such Letter of Credit), (iv) any actual or alleged presence or release of Hazardous Materials on or from any property owned or operated by Holdings or
any of its Subsidiaries, or any Environmental Liability related in any way to Holdings or any of the Subsidiaries, or (v) any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on
contract, tort or any other theory and regardless of whether any Indemnitee is a party thereto (and regardless of whether such matter is instituted by a third party or a Credit Party); provided that such indemnity shall not, as to any
Indemnitee, be available to the extent that such losses, claims, damages, liabilities or related expenses have resulted from the wilful misconduct or gross negligence of such Indemnitee or any of its directors, officers, employees or agents. The
Borrower and each Indemnitee agrees that (i) such Indemnitee will contest any claim in respect of which indemnification is sought under this paragraph if requested by the Borrower Agent, in a manner reasonably directed by the Borrower Agent, with
counsel selected by the Indemnitee and approved by the Borrower Agent, which approval shall not be unreasonably withheld or (ii) the Borrower Agent, upon the request of the Indemnitee, shall retain counsel reasonably satisfactory to the Indemnitee
to represent the Indemnitee in any proceeding with respect to any such claim and shall pay as incurred the reasonable fees and expenses of such counsel related to such proceeding. In any such proceeding with respect to which the Indemnitee has
requested the Borrower Agent to retain counsel, any Indemnitee shall have the right to retain its own counsel at its own expense, except that the Borrower Agent shall pay as they are incurred the reasonable fees and expenses of counsel retained by
the Indemnitee if (y) the Borrower and the Indemnitee agree to the retention of such counsel or (z) the named parties to any such proceeding (including any impleaded parties) include both the Borrower and the Indemnitee and representation of both
parties by the same counsel would be inappropriate due to actual or potential differing interests between them. Any Indemnitee that proposes to settle or compromise any indemnified claim for which the Borrowers may be liable for payment of indemnity
shall give the Borrower Agent written notice of the terms of such proposed settlement or compromise reasonably in advance of settling or compromising such claim or proceeding and shall obtain the Borrower Agent’s prior written consent, which
consent shall not be unreasonably withheld; provided that nothing in this sentence or the preceding sentence shall restrict the right of any person to settle or compromise any claim for which indemnity would be otherwise available on any
terms if such person waives its right to indemnity from the Borrowers in respect of such claim. The Borrower Agent will not, without the prior written consent of the applicable Indemnitee (which consent shall not be unreasonably withheld), settle
any proceeding with respect to which the Indemnitee has requested the Borrower Agent to retain counsel unless such settlement includes an express, complete and unconditional release of such Indemnitee with respect to all claims asserted in such
proceeding. 
  

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 (c) To the extent that the Borrowers fail to pay any amount required to be paid by them to any Agent, any
Issuing Bank or the Swingline Lender under paragraph (a) or (b) of this Section, each Lender severally agrees to pay to such Agent, such Issuing Bank or the Swingline Lender such Lender’s Applicable Percentage (determined as of the time that
the applicable unreimbursed expense or indemnity payment is sought) of such unpaid amount; provided that the unreimbursed expense or indemnified loss, claim, damage, liability or related expense, as the case may be, was incurred by or
asserted against such Agent, such Issuing Bank or the Swingline Lender in its capacity as such. 
  
 (d) To the extent permitted by applicable law, neither Holdings nor any Borrower shall assert, and each hereby waives, any claim against any Indemnitee
for special, indirect, consequential or punitive damages (as opposed to direct or actual damages) arising out of, in connection with or as a result of this Agreement or any agreement or instrument contemplated hereby, the Transactions, any Loan or
Letter of Credit or the use of the proceeds thereof. 
  
 (e) All
amounts due under this Section shall be payable promptly after written demand therefor setting forth the amount and the nature of the expense or claim, as applicable. 
  
 (f) Notwithstanding the foregoing paragraphs, nothing in this Section shall require Holdings or any Borrower to indemnify
any Agent, Issuing Bank or Lender against or to reimburse any Agent, Issuing Bank or Lender for any cost or reduction in amounts received that shall result from the Changes in Law or other matters addressed in Section 2.15, 2.16 or 2.17 and that
shall be expressly excluded from the amounts for which Holdings and the Borrowers are liable under such Sections. 
  
 SECTION 10.04. Successors and Assigns. (a) The provisions of this Agreement shall be binding upon and inure to the benefit of the parties hereto
and their respective successors and assigns permitted hereby (including any Affiliate of any Issuing Bank that issues any Letter of Credit), except that no Borrower may assign or otherwise transfer any of its rights or obligations hereunder or under
any Borrowing Subsidiary Agreement (except as expressly provided herein) without the prior written consent of each Lender (and any attempted assignment or transfer by any Borrower without such consent shall be null and void). Nothing in this
Agreement, expressed or implied, shall be construed to confer upon any Person (other than the parties hereto, their respective successors and assigns permitted hereby (including any Affiliate of any Issuing Bank that issues any Letter of Credit)
and, to the extent expressly contemplated hereby, the Related Parties of each of the Agents and the Lenders) any legal or equitable right, remedy or claim under or by reason of this Agreement. 
  
 (b) Any Lender may assign to one or more assignees all or a portion of its
rights and obligations under this Agreement (including all or a portion of its Commitment and the Loans at the time owing to it); provided that (i) except in the case of an 

  

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assignment to a Lender (or an Affiliate of a Lender that is sufficiently creditworthy that there would be no reasonable doubt as to its ability to perform
its obligations hereunder), each of the Borrower Agent and the Administrative Agent (and in the case of an assignment of all or a portion of a US Tranche Commitment or any Lender’s obligations in respect of its LC Exposure, the applicable
Issuing Bank, and the Swingline Lender) must give their prior written consent to such assignment (which consent shall not be unreasonably withheld or delayed), (ii) except in the case of an assignment to a Lender or an Affiliate of a Lender or an
assignment of the entire remaining amount of the assigning Lender’s Commitment, the amount of the Commitment of the assigning Lender subject to each such assignment (determined as of the date the Assignment and Assumption with respect to such
assignment is delivered to the Administrative Agent) shall not be less than US$5,000,000 unless each of the Borrower Agent and the Administrative Agent otherwise consent, (iii) 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, except that this clause (iii) shall not apply to rights in respect of outstanding Competitive Loans, (iv) the parties to each assignment shall execute
and deliver to the Administrative Agent an Assignment and Assumption, together with a processing and recordation fee of US$3,500, and (v) the assignee, if it shall not be a Lender, shall deliver to the Administrative Agent an Administrative
Questionnaire; and provided further that any consent of the Borrower Agent otherwise required under this paragraph shall not be required if an Event of Default under clause (g) or (h) of Section 7.01 has occurred and is continuing. Subject to
acceptance and recording thereof pursuant to paragraph (d) of this Section, from and after the effective date specified in each Assignment and Assumption the assignee thereunder shall be a party hereto and, to the extent of the interest assigned by
such Assignment and Assumption, have the rights and obligations of a Lender under this Agreement, and the assigning Lender thereunder shall, to the extent of the interest assigned by such Assignment and Assumption, be released from its obligations
under this Agreement (and, in the case of an Assignment and Assumption covering all of the assigning Lender’s rights and obligations under this Agreement, such Lender shall cease to be a party hereto but shall continue to be entitled to the
benefits of Sections 2.15, 2.16, 2.17 and 10.03). Any assignment or transfer by a Lender of rights or obligations under this Agreement that does not comply with this paragraph shall be treated for purposes of this Agreement as a sale by such Lender
of a participation in such rights and obligations in accordance with paragraph (e) of this Section. 
  
 (c) The Administrative Agent, acting for this purpose as an agent of each Borrower, shall maintain at one of its offices in The City of New York a copy of
each Assignment and Assumption delivered to it and a register for the recordation of the names and addresses of the Lenders, and the Commitment of, and principal amount of the Loans owing to, each Lender pursuant to the terms hereof from time to
time (the “Register”). The entries in the Register shall be conclusive, and the Borrowers, the Agents, the Issuing Banks and the Lenders may treat each Person whose name is recorded in the Register pursuant to the terms hereof as a
Lender hereunder for all purposes of this Agreement, notwithstanding notice to the contrary. The Register shall be available for inspection by any Borrower, any Agent, any Issuing Bank and any Lender, at any reasonable time and from time to time
upon reasonable prior notice. 
  

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 (d) Upon its receipt of a duly completed Assignment and Assumption executed by an assigning Lender and an
assignee, the assignee’s completed Administrative Questionnaire (unless the assignee shall already be a Lender hereunder), the processing and recordation fee referred to in paragraph (b) of this Section and any written consent to such
assignment required by paragraph (b) of this Section, the Administrative Agent shall accept such Assignment and Assumption and record the information contained therein in the Register. No assignment shall be effective for purposes of this Agreement
unless it has been recorded in the Register as provided in this paragraph. 
  
 (e) Any Lender may, without the consent of any Borrower or the Administrative Agent, the Issuing Banks or the Swingline Lender sell participations to one or more banks or other entities (a
“Participant”) in all or a portion of such Lender’s rights and obligations under this Agreement (including all or a portion of its Commitment and the Loans owing to it); provided that (i) such Lender’s obligations
under this Agreement shall remain unchanged, (ii) such Lender shall remain solely responsible to the other parties hereto for the performance of such obligations and (iii) the Borrowers, the Agents, the Issuing Banks, the Swingline Lender and the
other Lenders shall continue to deal solely and directly with such Lender in connection with such Lender’s rights and obligations under this Agreement. Any agreement or instrument pursuant to which a Lender sells such a participation shall
provide that such Lender shall retain the sole right to enforce the Credit Documents and to approve any amendment, modification or waiver of any provision of the Credit Documents; provided that such agreement or instrument may provide that
such Lender will not, without the consent of the Participant, agree to any amendment, modification or waiver described in the first proviso to Section 10.02(b) that affects such Participant. Subject to paragraph (f) of this Section, each Borrower
agrees that each Participant shall be entitled to the benefits of and be subject to all the obligations of a Lender under Sections 2.15, 2.16 and 2.17 to the same extent as if it were a Lender and had acquired its interest by assignment pursuant to
paragraph (b) of this Section. To the extent permitted by law, each Participant also shall be entitled to the benefits of Section 10.08 as though it were a Lender, provided such Participant agrees to be subject to Section 2.18(c) as though it were a
Lender. 
  
 (f) A Participant shall not be entitled to receive any
greater payment under Section 2.15 or 2.17 than the applicable Lender would have been entitled to receive with respect to the participation sold to such Participant. A Participant that would be a Foreign Lender if it were a Lender shall not be
entitled to the benefits of Section 2.17 unless the Borrower Agent is notified of the participation sold to such Participant and such Participant agrees, for the benefit of the Borrowers, to comply with Sections 2.17(e) as though it were a Lender.
The provisions of Section 2.19 shall apply to each Participant as though it were a Lender. 
  
 (g) Any Lender may at any time pledge or assign a security interest in all or any portion of its rights under this Agreement to secure obligations of such Lender, including any pledge or assignment to secure
obligations to a Federal Reserve Bank, and this Section shall not apply to any such pledge or assignment of a security interest; provided that no such pledge or assignment of a security interest shall release a Lender from any of its
obligations hereunder or substitute any such pledgee or assignee for such Lender as a party hereto. 
  

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 (h) Notwithstanding anything to the contrary contained herein, any Lender (a “Granting
Bank”) may grant to a special purpose funding vehicle (an “SPC”) of such Granting Bank, identified as such in writing from time to time by the Granting Bank to the Administrative Agent and the Borrowers, the option to
provide to the Borrowers all or any part of any Loan that such Granting Bank would otherwise be obligated to make to the Borrowers pursuant to Section 2.01; provided that (i) nothing herein shall constitute a commitment to make any Loan by
any SPC 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 Bank shall be obligated to make such Loan pursuant to the terms hereof. The making of a Loan by an SPC hereunder
shall be deemed to utilize the Commitment of the Granting Bank to the same extent, and as if, such Loan were made by the Granting Bank. Each party hereto hereby agrees that no SPC shall be liable for any payment under this Agreement for which a
Lender would otherwise be liable, for so long as, and to the extent, the related Granting Bank makes such payment. In furtherance of the foregoing, each party hereto hereby agrees that, prior to the date that is one year and one day after the
payment in full of all outstanding senior indebtedness of any SPC, it will not institute against, or join any other person in instituting against, such SPC any bankruptcy, reorganization, arrangement, insolvency or liquidation proceedings or similar
proceedings under the laws of the United States or any State thereof. In addition, notwithstanding anything to the contrary contained in this Section 10.04, any SPC may (i) with notice to, but without the prior written consent of, the Borrowers and
the Administrative Agent and without paying any processing fee therefor, assign all or a portion of its interests in any Loans to its Granting Bank or to any financial institutions (if consented to by the Borrowers and Administrative Agent)
providing liquidity and/or credit facilities to or for the account of such SPC to fund the Loans made by such SPC or to support the securities (if any) issued by such SPC to fund such Loans and (ii) disclose on a confidential basis any non-public
information relating to its Loans (but not relating to any Borrower, except with the Borrower Agent’s consent) to any rating agency, commercial paper dealer or provider of any surety, guarantee or credit or liquidity enhancement to such SPC
(and subject to the agreement of any such provider of any surety, guarantee or credit or liquidity enhancement to maintain the confidentiality of such information on substantially the terms set forth in Section 10.12). 
  
 SECTION 10.05. Survival. All covenants, agreements, representations
and warranties made by the Credit Parties herein, in the other Credit Documents and in the certificates or other instruments delivered in connection with or pursuant to this Agreement or any other Credit Document shall be considered to have been
relied upon by the other parties hereto and shall survive the execution and delivery of the Credit Documents and the making of any Loans and the issuance of any Letters of Credit, regardless of any investigation made by any such other party or on
its behalf and notwithstanding that any Agent, any Issuing Bank or any Lender may have had notice or knowledge of any Default or incorrect representation or warranty at the time any credit is extended hereunder, and shall continue in full force and
effect as long as the principal of or any accrued interest on any Loan or any fee or any other amount payable under this 

  

 90 

 
Agreement is outstanding and unpaid or any Letter of Credit is outstanding and so long as the Commitments have not expired or terminated. The provisions of
Sections 2.15, 2.16, 2.17 and 10.03 and Article VIII shall survive and remain in full force and effect regardless of the consummation of the transactions contemplated hereby, the repayment of the Loans, the expiration or termination of the Letters
of Credit and the Commitments or the termination of this Agreement or any provision hereof. 
  
 SECTION 10.06. Counterparts; Integration; Effectiveness. This Agreement may be executed in counterparts (and by different parties hereto on different counterparts), each of which shall constitute an original,
but all of which when taken together shall constitute a single contract. This Agreement, the other Credit Documents and any separate letter agreements with respect to fees payable to the Administrative Agent constitute the entire contract among the
parties relating to the subject matter hereof and supersede any and all previous agreements and understandings, oral or written, relating to the subject matter hereof. Except as provided in Section 4.01, this Agreement shall become effective when it
shall have been executed by the Administrative Agent and when the Administrative Agent shall have received counterparts hereof which, when taken together, bear the signatures of each of the other parties hereto, and thereafter shall be binding upon
and inure to the benefit of the parties hereto and their respective successors and assigns. Delivery of an executed counterpart of a signature page of this Agreement by telecopy shall be effective as delivery of a manually executed counterpart of
this Agreement. 
  
 SECTION 10.07. Severability. Any
provision of any Credit Document held to be invalid, illegal or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such invalidity, illegality or unenforceability without affecting the validity,
legality and enforceability of the remaining provisions of such Credit Document; and the invalidity of a particular provision in a particular jurisdiction shall not invalidate such provision in any other jurisdiction. 
  
 SECTION 10.08. Right of Setoff. If an Event of Default shall have
occurred and be continuing, each 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 obligations at any time owing by such Lender or Affiliate to or for the credit or the account of any Borrower (other than payroll accounts and trust accounts) against any of and all the obligations of the Borrowers now or hereafter
existing under this Agreement held by such Lender, irrespective of whether or not such Lender shall have made any demand under this Agreement. The rights of each Lender under this Section are in addition to and shall not limit other rights and
remedies (including other rights of setoff) which such Lender may have. 
  
 SECTION 10.09. Governing Law; Jurisdiction; Consent to Service of Process. (a) This Agreement shall be construed in accordance with and governed by the law of the State of New York. 
  

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 (b) Holdings and each Borrower hereby irrevocably and unconditionally submits, for itself and its
property, to the nonexclusive jurisdiction of the Supreme Court of the State of New York sitting in New York County and of the United States District Court of the Southern District of New York, and any appellate court from any thereof, in any action
or proceeding arising out of or relating to any Credit Document, or for recognition or enforcement of any judgment, and each of the parties hereto hereby irrevocably and unconditionally agrees that all claims in respect of any such action or
proceeding may be heard and determined in such New York State or, to the extent permitted by law, in such Federal court. Each of the parties hereto agrees that a final judgment in any such action or proceeding shall be conclusive and may be enforced
in other jurisdictions by suit on the judgment or in any other manner provided by law. Nothing in this Agreement or any other Credit Document shall affect any right that any party to this Agreement may otherwise have to bring any action or
proceeding relating to this Agreement or any other Credit Document against any Borrower or its properties in the courts of any jurisdiction. 
  
 (c) Each party to this Agreement hereby irrevocably and unconditionally waives, to the fullest extent it may legally and effectively do so, any objection
which it may now or hereafter have to the laying of venue of any suit, action or proceeding arising out of or relating to this Agreement or any other Credit Document in any court referred to in paragraph (b) of this Section. Each of the parties
hereto hereby irrevocably waives, to the fullest extent permitted by law, the defense of an inconvenient forum to the maintenance of such action or proceeding in any such court. 
  
 (d) Each party to this Agreement irrevocably consents to service of process in the manner provided for notices in Section
10.01. Nothing in this Agreement or any other Credit Document will affect the right of any party hereto or thereto to serve process in any other manner permitted by law. 
  
 SECTION 10.10. WAIVER OF JURY TRIAL. EACH PARTY HERETO HEREBY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE
LAW, ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN ANY LEGAL PROCEEDING DIRECTLY OR INDIRECTLY ARISING OUT OF OR RELATING TO THIS AGREEMENT, ANY OTHER CREDIT DOCUMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY OR THEREBY (WHETHER BASED ON CONTRACT, TORT
OR ANY OTHER THEORY). EACH PARTY HERETO (A) CERTIFIES THAT NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PARTY HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PARTY WOULD NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE THE FOREGOING
WAIVER AND (B) ACKNOWLEDGES THAT IT AND THE OTHER PARTIES HERETO HAVE BEEN INDUCED TO ENTER INTO THIS AGREEMENT BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION. 
  
 SECTION 10.11. Headings. Article and Section headings and the Table of
Contents used herein are for convenience of reference only, are not part of this Agreement and shall not affect the construction of, or be taken into consideration in interpreting, this Agreement. 
  

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 SECTION 10.12. Confidentiality. Each of the Agents, each Issuing Bank and the Lenders agrees to
maintain, and to cause its directors, officers, employees and agents to maintain, the confidentiality of the Information (as defined below), except that Information may be disclosed (a) to its and its Affiliates’ directors, officers, employees
and agents, including accountants, legal counsel and other advisors on a need-to-know basis (it being understood that the Persons to whom such disclosure is made will be informed of the confidential nature of such Information and instructed to keep
such Information confidential), (b) to the extent requested by any regulatory authority, (c) to the extent required by applicable laws or regulations or by any subpoena or similar legal process, subject to the delivery of notice of such required
disclosure to the Borrower Agent in order that Holdings or the Borrowers may have the opportunity to contest such disclosure or to seek one or more protective orders with respect thereto, (d) to any other party to this Agreement, (e) in connection
with the exercise of any remedies hereunder or any suit, action or proceeding relating to this Agreement or any other Credit Document or the enforcement of rights hereunder, (f) subject to an agreement containing provisions substantially the same as
those of this Section, to any assignee of or Participant in, or any prospective assignee of or Participant in, any of its rights or obligations under this Agreement, (g) with the written consent of any Borrower or (h) to the extent such Information
(i) becomes publicly available other than as a result of a breach of this Section or (ii) becomes available to any Agent, any Issuing Bank or any Lender on a nonconfidential basis from a source other than a Borrower. For the purposes of this
Section, “Information” means all information received from the Borrowers relating to the Borrowers or their business, other than any such information that is publicly available or available to the Administrative Agent, any Issuing
Bank or any Lender on a nonconfidential basis prior to disclosure by a Borrower. Any Person required to maintain the confidentiality of Information as provided in this Section shall be considered to have complied with its obligation to do so if such
Person has exercised the same degree of care to maintain the confidentiality of such Information as a prudent Person engaged in the same business or following customary procedures for such business would accord to its own confidential information.

  
 SECTION 10.13. Interest Rate Limitation.
Notwithstanding anything herein to the contrary, if at any time the interest rate applicable to any Loan, together with all fees, charges and other amounts which are treated as interest on such Loan under applicable law (collectively the
“Charges”), shall exceed the maximum lawful rate (the “Maximum Rate”) which may be contracted for, charged, taken, received or reserved by the Lender holding such Loan in accordance with applicable law, the rate of
interest payable in respect of such Loan hereunder, together with all Charges payable in respect thereof, shall be limited to the Maximum Rate and, to the extent lawful, the interest and Charges that would have been payable in respect of such Loan
but were not payable as a result of the operation of this Section shall be cumulated and the interest and Charges payable to such Lender in respect of other Loans or periods shall be increased (but not above the Maximum Rate therefor) until such
cumulated amount, together with interest thereon at the Federal Funds Effective Rate to the date of repayment, shall have been received by such Lender. 
  

 93 

 SECTION 10.14. Conversion of Currencies. (a) If, for the purpose of obtaining judgment in any
court, it is necessary to convert a sum owing hereunder in one currency into another currency, each party hereto (including any Borrowing Subsidiary) agrees, to the fullest extent that it may effectively do so, that the rate of exchange used shall
be that at which in accordance with normal banking procedures in the relevant jurisdiction the first currency could be purchased with such other currency on the Business Day immediately preceding the day on which final judgment is given. 

 
 (b) The obligations of each Borrower in respect of any sum due to any
party hereto or any holder of the obligations owing hereunder (the “Applicable Creditor”) shall, notwithstanding any judgment in a currency (the “Judgment Currency”) other than the currency in which such sum is
stated to be due hereunder (the “Agreement Currency”), be discharged only to the extent that, on the Business Day following receipt by the Applicable Creditor of any sum adjudged to be so due in the Judgment Currency, the Applicable
Creditor 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 Creditor in the Agreement Currency, such Borrower agrees, as a separate obligation and notwithstanding any such judgment, to indemnify the Applicable Creditor against such loss. The obligations of the Borrowers contained in this Section
10.14 shall survive the termination of this Agreement and the payment of all other amounts owing hereunder. 
  
 SECTION 10.15. Termination of Certain Covenants. (a) At any time when a Class I Termination Condition shall occur, Sections 6.03(b) shall terminate
and be of no further force and effect; provided that if at any time after the occurrence of a Class I Termination Condition either Moody’s or S&P shall downgrade its Index Rating such that a Class I Termination Condition shall no
longer be in effect, such Section shall be automatically reinstated on the date of such downgrade. 
  
 (b) At any time when a Class II Termination Condition shall occur, Section 6.02 shall terminate and be of no further force and effect; provided
that if at any time after the occurrence of a Class II Termination Condition either Moody’s or S&P shall downgrade its Index Rating such that a Class II Termination Condition shall no longer be in effect, such Section shall be automatically
reinstated on the date of such downgrade. 
  
 (c) If the rating
system of Moody’s or S&P shall change, or if either such rating agency shall cease to be in the business of rating corporate debt obligations, the Borrower Agent (on behalf of the Credit Parties) and the Administrative Agent (on behalf of
the Lenders) shall negotiate in good faith to amend the definitions of Class I Termination Condition and Class II Termination Condition to reflect such changed rating system or the unavailability of ratings from such rating agency. 
  

 94 

 SECTION 10.16. USA Patriot Act. Each Lender that is subject to the requirements of the USA Patriot
Act (Title III of Pub. L. 107-56 (signed into law October 26, 2001)) (the “Patriot Act”) hereby notifies Borrower that pursuant to the requirements of the Patriot Act, it is required to obtain, verify and record information that
identifies the Borrowers, which information includes the name and address of the Borrowers and other information that will allow such Lender to identify the Borrower in accordance with the Patriot Act. 
  

 95 

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

			
	AMERICAN STANDARD COMPANIES INC.,
		
	by	 	 /s/ R. Scott Massengill

	Name:	 	R. Scott Massengill
	Title:	 	Treasurer
		
	by	 	 /s/ David S. Kuhl

	Name:	 	 
	Title:	 	Assistant Treasurer
	
	AMERICAN STANDARD INC.,
		
	by	 	 /s/ R. Scott Massengill

	Name:	 	R. Scott Massengill
	Title:	 	 
	
	AMERICAN STANDARD INTERNATIONAL INC.,
		
	by	 	 /s/ R. Scott Massengill

	Name:	 	R. Scott Massengill
	Title:	 	 
	
	AMERICAN STANDARD EUROPE BVBA,
		
	by	 	 /s/ R. Scott Massengill

	Name:	 	 
	Title:	 	 
	
	ASE FINANCE SPRL,
		
	by	 	 /s/ R. Scott Massengill

	Name:	 	 
	Title:	 	 

  

 96 

			
	WABCO STANDARD TRANE BV,
		
	by	 	 /s/ R. Scott Massengill

	Name:	 	 
	Title:	 	 

  

 97 

			
	 JPMORGAN CHASE BANK, N.A.,
 individually, as
Administrative Agent, as Swingline Lender and as Issuing Bank,

		
	by	 	  

	Name:	 	 
	Title:	 	 
	
	J.P. MORGAN EUROPE LIMITED, as London Agent,
		
	by	 	  

	Name:	 	 
	Title:	 	 
	
	J.P. MORGAN EUROPE LIMITED, as Belgian Agent,
		
	by	 	  

	Name:	 	 
	Title:	 	 
	
	 JPMORGAN CHASE BANK, N.A.,
 TORONTO BRANCH,
as Canadian Agent,

		
	by	 	  

	Name:	 	 
	Title:	 	 

  

 98 

			
	 SIGNATURE PAGE TO THE
 AMERICAN STANDARD
INC.
 FIVE-YEAR CREDIT AGREEMENT

		
	LENDER:	 	  

		
	by	 	  

	Name:	 	 
	Title:	 	 

  

 99

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