Document:

exv10w2

 

Exhibit 10.2

SECOND AMENDMENT TO THE NISOURCE INC.

1994 LONG-TERM INCENTIVE PLAN

(AS AMENDED AND RESTATED EFFECTIVE JANUARY 1, 2004)

     WHEREAS, NiSource Inc. (the “Company”) maintains the NiSource Inc. Long-Term Incentive Plan,
as amended and restated effective January 1, 2004 and further amended effective January 1, 2005
(the “Plan”); and

     WHEREAS, pursuant to Paragraph 20 of the Plan, the Company deems it desirable to amend the
Plan, subject to stockholder approval, to increase the number of shares of common stock the Company
available under the Plan.

     NOW, THEREFORE, the aggregate number of shares reflected in the first sentence of Paragraph 3
of the Plan is hereby amended to be 43,000,000, subject to stockholder approval as described above.

     IN WITNESS WHEREOF, the Company has caused this Second Amendment to be executed on its behalf,
by its officer duly authorized, this 12th day of May, 2005.

NISOURCE INC.

By: /s/
S. LaNette Zimmerman

      S. LaNette Zimmermanexv10w3

 

EXHIBIT 10.3

FIRST AMENDMENT TO THE NISOURCE INC.

EMPLOYEE STOCK PURCHASE PLAN

(AS AMENDED AND RESTATED EFFECTIVE DECEMBER 1, 2003)

     WHEREAS, NiSource Inc. (the “Company”) maintains the NiSource Inc. Employee Stock Purchase
Plan, as amended and restated effective December 1, 2003 (the “Plan”); and

     WHEREAS, pursuant to Question and Answer 34 of the Plan, the Company deems it desirable to
amend the Plan, subject to stockholder approval, to increase the number of shares of common stock
of the Company available under the Plan.

     NOW, THEREFORE, the first sentence of the answer to Question 12 of the Plan is hereby amended,
subject to stockholder approval as described above, as follows:

     “As of January 28, 2005, the maximum number of shares of Common Stock that
may be purchased in the future under the Plan is 526,231 shares.”

     IN WITNESS WHEREOF, the Company has caused this First Amendment to be executed on its behalf,
by its officer duly authorized, this 28th day of January, 2005.

NISOURCE INC.

By: /s/
S. LaNette Zimmerman

      S. LaNette ZimmermanGardner Denver, Inc. Exhibit 10.1 to Form 8K

Exhibit 10.1

EXECUTION COPY 

THIRD AMENDED AND
RESTATED

CREDIT AGREEMENT 

Dated as of May 13,
2005

among

GARDNER DENVER, INC.,

THE NON-U.S. SUBSIDIARY BORROWERS THAT ARE OR MAY HEREAFTER
 BECOME PARTIESHERETO,

THE INSTITUTIONS FROM TIME TO TIME PARTIES HERETO AS LENDERS,

JPMORGAN CHASE BANK,
N.A.

(successor by merger to Bank One, NA (Main Office Chicago)),
 individually, as LC Issuer, the
Swing Line Lender and as Agent for the Lenders, 

WACHOVIA
BANK, NATIONAL ASSOCIATION 
individually and as Syndication Agent for the Revolving
Loan Facility, and 

HARRIS TRUST AND
SAVINGS BANK, NATIONAL CITY BANK OF THE MIDWEST
 and 

KEYBANK NATIONAL ASSOCIATION 
individually
and as Co-Documentation Agents for the Revolving Loan Facility, and 

BEAR
STEARNS CORPORATE LENDING INC. 
 individually and as Syndication Agent for the Term
Loan Facility 

J.P. MORGAN SECURITIES
INC.

individually
and as sole Lead Arranger and sole Book Runner for the Revolving Loan Facility 

J.P. MORGAN SECURITIES INC. and BEAR STEARNS & CO. INC. 
as Joint Lead
          Arrangers and Joint Book Runners for the Term Loan Facility 

TABLE OF CONTENTS 

	ARTICLE I:  DEFINITIONS	 	1	 
	 	 	 	 
	ARTICLE II:  THE CREDITS	 	27	 
	     2.1.  Revolving Loans	 	27	 
	     2.2.  Swing Line Loans	 	29	 
	     2.3.  Term Loans	 	31	 
	     2.4.  Repayments and Prepayments of Advances	 	33	 
	     2.5.  Ratable Loans	 	34	 
	     2.6.  Types of Advances	 	35	 
	     2.7.  Facility Fee; Commitment Fee; Reductions in Aggregate Revolving Loan Commitment	 	35	 
	     2.8.  Minimum Amount of Each Advance; Maximum Interest Periods	 	35	 
	     2.9.  Method of Selecting New Advances	 	36	 
	     2.10.  Conversion and Continuation of Outstanding Advances	 	36	 
	     2.11.  Changes in Interest Rate, etc	 	37	 
	     2.12.  Rates Applicable After Default	 	38	 
	     2.13.  Method of Payment	 	38	 
	     2.14.  Noteless Agreement; Evidence of Indebtedness	 	39	 
	     2.15.  Telephonic Notices	 	40	 
	     2.16.  Interest Payment Dates; Interest and Fee Basis	 	40	 
	     2.17.  Notification of Advances, Interest Rates, Prepayments and Commitment Reductions	 	40	 
	     2.18.  Lending Installations	 	41	 
	     2.19.  Non-U.S. Subsidiary Borrowers	 	41	 
	     2.20.  Non-Receipt of Funds by the Agent	 	41	 
	     2.21.  Intentionally Omitted	 	41	 
	     2.22.  Withholding Tax Exemption	 	41	 
	     2.23.  Facility LCs	 	42	 
	     2.24.  Transitional Letter of Credit Provisions	 	48	 
	     2.25.  Judgment Currency	 	48	 
	     2.26.  Market Disruption	 	49	 
	     2.27.  Increase of Revolving Loan Commitments	 	49	 
	 	 	 	 
	ARTICLE III:  CHANGE IN CIRCUMSTANCES	 	52	 
	     3.1.  Yield Protection	 	52	 
	     3.2.  Changes in Capital Adequacy Regulations	 	52	 
	     3.3.  Availability of Types of Advances	 	53	 
	     3.4.  Funding Indemnification	 	53	 
	     3.5.  Lender Statements; Survival of Indemnity	 	53	 
	     3.6.  Replacement Lenders	 	54	 
	     3.7.  Payments by Non-U.S. Subsidiary Borrowers	 	54	 
	 	 	 	 

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	ARTICLE IV:  CONDITIONS PRECEDENT	 	54	 
	     4.1.  Initial Credit Extension	 	54	 
	     4.2.  Initial Advance to each Non-U.S. Subsidiary Borrower	 	58	 
	     4.3.  Each Credit Extension	 	59	 
	 	 	 	 
	ARTICLE V:  REPRESENTATIONS AND WARRANTIES	 	60	 
	     5.1.  Existence and Standing	 	60	 
	     5.2.  Authorization and Validity	 	60	 
	     5.3.  No Conflict; Government Consent	 	60	 
	     5.4.  Financial Statements	 	61	 
	     5.5.  Material Adverse Change	 	61	 
	     5.6.  Taxes	 	61	 
	     5.7.  Litigation and Contingent Obligations	 	61	 
	     5.8.  Subsidiaries	 	61	 
	     5.9.  ERISA	 	62	 
	     5.10.  Accuracy of Information	 	62	 
	     5.11.  Regulation U	 	62	 
	     5.12.  Material Agreements	 	62	 
	     5.13.  Compliance With Laws	 	62	 
	     5.14.  Ownership of Property	 	62	 
	     5.15.  Labor Matters	 	63	 
	     5.16.  Investment Company Act	 	63	 
	     5.17.  Public Utility Holding Company Act	 	63	 
	     5.18.  Insurance	 	63	 
	     5.19.  Special Representations and Warranties of each Non-U.S. Subsidiary Borrower	 	63	 
	 	 	 	 
	ARTICLE VI:  COVENANTS	 	65	 
	     6.1.  Financial Reporting	 	65	 
	     6.2.  Use of Proceeds	 	67	 
	     6.3.  Notice of Default	 	67	 
	     6.4.  Conduct of Business	 	67	 
	     6.5.  Taxes	 	67	 
	     6.6.  Insurance	 	67	 
	     6.7.  Compliance with Laws	 	68	 
	     6.8.  Maintenance of Property and Books and Records	 	68	 
	     6.9.  Inspection	 	68	 
	     6.10.  Subsidiaries	 	69	 
	     6.11.  Dividends	 	69	 
	     6.12.  Indebtedness	 	69	 
	     6.13.  Merger	 	70	 
	     6.14.  Sale of Assets	 	70	 
	     6.15.  Investments and Acquisitions; Guaranty or Pledge Documentation for New Subsidiaries	 	71	 
	     6.16.  Contingent Obligations and Off Balance Sheet Liabilities	 	74	 
	     6.17.  Liens	 	74	 

ii

	     6.18.  Rentals	 	76	 
	     6.19.  Affiliates	 	76	 
	     6.20.  Minimum Consolidated Interest Coverage Ratio	 	76	 
	     6.21.  Minimum Consolidated Net Worth	 	76	 
	     6.22.  Maximum Leverage Ratio	 	77	 
	     6.23.  Capital Expenditures	 	77	 
	     6.24.  Pledge Agreements	 	77	 
	 	 	 	 
	ARTICLE VII:  DEFAULTS	 	77	 
	 	 	 	 
	ARTICLE VIII:  ACCELERATION, DEFAULTING LENDERS, WAIVERS, AMENDMENTS AND REMEDIES	 	80	 
	     8.1.  Remedies	 	80	 
	     8.2.  Defaulting Lender	 	81	 
	     8.3.  Amendments	 	82	 
	     8.4.  Preservation of Rights	 	83	 
	 	 	 	 
	ARTICLE IX:  GENERAL PROVISIONS	 	83	 
	     9.1.  Survival of Representations	 	83	 
	     9.2.  Governmental Regulation	 	83	 
	     9.3.  Taxes	 	84	 
	     9.4.  Headings	 	84	 
	     9.5.  Entire Agreement	 	84	 
	     9.6.  Several Obligations; Benefits of this Agreement	 	84	 
	     9.7.  Expenses; Indemnification	 	84	 
	     9.8.  Numbers of Documents	 	85	 
	     9.9.  Accounting	 	85	 
	     9.10.  Prior Agreement	 	85	 
	     9.11.  Severability of Provisions	 	85	 
	     9.12.  Nonliability of Lenders	 	86	 
	     9.13.  CHOICE OF LAW	 	86	 
	     9.14.  CONSENT TO JURISDICTION	 	86	 
	     9.15.  WAIVER OF JURY TRIAL	 	86	 
	     9.16.  Agent for Service of Process	 	86	 
	     9.17.  Confidentiality	 	87	 
	     9.18.  USA Patriot Act Notification	 	87	 
	 	 	 	 
	ARTICLE X:  THE AGENT	 	87	 
	     10.1.  Appointment	 	87	 
	     10.2.  Powers	 	87	 
	     10.3.  General Immunity	 	87	 
	     10.4.  No Responsibility for Loans, Recitals, etc	 	88	 
	     10.5.  Action on Instructions of Lenders	 	88	 
	     10.6.  Employment of Agents and Counsel	 	88	 

iii

	     10.7.  Reliance on Documents; Counsel	 	88	 
	     10.8.  Agent's Reimbursement and Indemnification	 	88	 
	     10.9.  Rights as a Lender	 	89	 
	     10.10.  Lender Credit Decision	 	89	 
	     10.11.  Successor Agent	 	89	 
	     10.12.  Agent's Fees	 	90	 
	     10.13.  Execution of Guarantees and Collateral Documents	 	90	 
	     10.14.  Collateral and Guaranty Releases	 	90	 
	     10.15.  No Duties Imposed on Syndication Agents, Co-Documentation Agents or Arrangers	 	90	 
	 	 	 	 
	ARTICLE XI:  SETOFF; RATABLE PAYMENTS	 	91	 
	     11.1.  Setoff	 	91	 
	     11.2.  Ratable Payments	 	91	 
	     11.3.  Relations Among Lenders	 	91	 
	     11.4.  Application of Payments	 	91	 
	 	 	 	 
	ARTICLE XII:  BENEFIT OF AGREEMENT; ASSIGNMENTS; PARTICIPATION	 	92	 
	     12.1.  Successors and Assigns	 	92	 
	     12.2.  Participation	 	92	 
	         12.2.1.  Permitted Participants; Effect	 	92	 
	         12.2.2.  Voting Rights	 	93	 
	         12.2.3.  Benefit of Setoff	 	93	 
	     12.3.  Assignments	 	93	 
	         12.3.1.  Permitted Assignments	 	93	 
	         12.3.2.  Effect; Effective Date	 	94	 
	         12.3.3.  Register	 	94	 
	     12.4.  Dissemination of Information	 	95	 
	     12.5.  Tax Treatment	 	95	 
	 	 	 	 
	ARTICLE XIII:  NOTICES	 	95	 
	     13.1.  Giving Notice	 	95	 
	     13.2.  Change of Address	 	95	 
	 	 	 	 
	ARTICLE XIV:  COUNTERPARTS	 	95	 

iv

EXHIBITS AND SCHEDULES

	Exhibit A	 	—	 	Form of Assumption Letter	 
	Exhibit B	 	—	 	Form of Parent Guaranty	 
	Exhibit C	 	—	 	Form of Subsidiary Guaranty	 
	Exhibit D	 	—	 	Forms of Notes (if requested)	 
	Exhibit E	 	—	 	Forms of Legal Opinion	 
	Exhibit F	 	—	 	Form of Compliance Certificate	 
	Exhibit G	 	—	 	Loan/Credit Related Money Transfer Instructions	 
	Exhibit H	 	—	 	List of Closing Documents	 
	Exhibit I	 	—	 	Form of Assignment Agreement	 
	Exhibit J	 	—	 	Form of Commitment and Acceptance	 
	 	 	 	 	 	 
	Schedule 1(a)	 	—	 	Commitments	 
	Schedule 1(b)	 	—	 	Commitment Fees	 
	Schedule 1(c)	 	—	 	Mandatory Cost	 
	Schedule 1(d)	 	—	 	Tax Restructuring	 
	Schedule 2	 	—	 	Eurocurrency Payment Offices	 
	Schedule 3	 	—	 	Existing LCs	 
	Schedule 4	 	—	 	Litigation	 
	Schedule 5	 	—	 	Subsidiaries	 
	Schedule 6	 	—	 	Environmental Matters	 
	Schedule 7	 	—	 	Existing Indebtedness	 
	Schedule 8	 	—	 	Existing Investments	 
	Schedule 9	 	—	 	Existing Liens	 

v

THIRD AMENDED AND
RESTATED

CREDIT AGREEMENT 

        This
Third Amended and Restated Credit Agreement (this “Agreement”), dated as
of May 13, 2005, is among Gardner Denver, Inc., a Delaware corporation (the
“Borrower”), each Foreign Subsidiary of the Borrower that is, or may
hereafter become, a party hereto in accordance with Section 2.19 (whether now
existing or hereafter formed, each a “Non-U.S. Subsidiary Borrower” and,
together with the Borrower, collectively referred to as the “Borrowers”),
the institutions from time to time parties hereto as Lenders, JPMorgan Chase Bank, N.A.
(successor by merger to Bank One, NA, with its principal place of business in Chicago,
Illinois), as an LC Issuer, the Swing Line Lender and as Agent for the Lenders, Wachovia
Bank, National Association, as Syndication Agent for the Revolving Loan Facility, Harris
Trust and Savings Bank, National City Bank of the Midwest and KeyBank National Association
as Co-Documentation Agents for the Revolving Loan Facility and Bear Stearns Corporate
Lending Inc. as the Syndication Agent for the Term Loan Facility. The parties hereto agree
as follows: 

        WHEREAS,
the Borrower, certain of the Lenders party hereto, certain other lenders and the Agent are
parties to that certain Second Amended and Restated Credit Agreement, dated as of
September 1, 2004 (as amended, supplemented or otherwise modified, the “Existing
Credit Agreement”); and 

        WHEREAS,
the Borrower, the Lenders party hereto, and the Agent desire to amend and restate the
Existing Credit Agreement in its entirety; 

        WHEREAS,
prior to the Initial Funding Date (as defined herein), the Existing Credit Agreement shall
remain in full force and effect; 

        NOW
THEREFORE, the Borrower, the Lenders, and the Agent have agreed to amend and restate the
Existing Credit Agreement on the terms and conditions set forth herein and the
Existing Credit Agreement will be deemed to have been so amended and restated on the
Initial Funding Date: 

ARTICLE I:        DEFINITIONS

        As
used in this Agreement:

        “Acquisition”
means any transaction, or any series of related transactions, consummated on or after the
date of this Agreement, by which the Borrower or any of its Subsidiaries (i) acquires any
going business concern or all or substantially all of the assets of any firm, corporation
or other business entity, or division thereof (other than the Borrower or any of its
Subsidiaries), whether through purchase of assets, a reorganization, merger or otherwise
or (ii) directly or indirectly acquires (in one transaction or as the most recent
transaction in a series of transactions) at least a majority (in number of votes) of the
securities of a corporation which have

ordinary voting power for the election of directors
(other than securities having such power only by reason of the happening of a contingency)
or a majority (by percentage or voting power) of the outstanding ownership interests of a
partnership or limited liability company (other than a Subsidiary formed for the purpose
of carrying forward a business theretofore operated by the Borrower or any of its
Subsidiaries). 

        “Advance”
means a borrowing hereunder consisting of the aggregate amount of the several Loans made
by the Lenders on the same Borrowing Date to any Borrower of the same Type and, in the
case of Eurocurrency Advances, in the same currency and for the same Eurocurrency Interest
Period. 

        “Affiliate”
of any Person means any other Person directly or indirectly controlling, controlled by or
under common control with such Person. A Person shall be deemed to control another Person
if the controlling Person owns 10% or more of any class of voting securities (or other
ownership interests) of the controlled Person or possesses, directly or indirectly, the
power to direct or cause the direction of the management or policies of the controlled
Person, whether through ownership of stock, by contract or otherwise. 

        “Agent”
means JPMorgan in its capacity as contractual representative for the Lenders pursuant to
Article X, and not in its individual capacity as a Lender, and any successor Agent
appointed pursuant to Article X. 

        “Aggregate
Outstanding Credit Exposure” means, as of any day, the aggregate of the
Outstanding Credit Exposure of all the Lenders. 

        “Aggregate
Outstanding LC Exposure” means, as of any day, the aggregate of the Outstanding
LC Exposure of all the Lenders. 

        “Aggregate
Revolving Loan Commitment” means the aggregate of the Revolving Loan Commitments
of all the Revolving Loan Lenders, as may be adjusted from time to time pursuant to the
terms hereof. The initial Aggregate Revolving Loan Commitment is Two Hundred Twenty-Five
Million and 00/100 Dollars ($225,000,000). 

        “Aggregate
Revolving Loan Commitment Reduction Notice” is defined in Section 2.7. 

        “Aggregate Term
Loan Commitment” means the aggregate of the Term Loan Commitments of all of the
Term Loan Lenders, which shall equal Three Hundred and Eighty Million and 00/100 Dollars
($380,000,000) on the Initial Funding Date. 

        “Agreed
Currencies” means (i) Dollars, (ii) so long as such currencies remain
Eligible Currencies, Pounds Sterling, Canadian Dollars and euro; and (iii) with
respect to Facility LCs, any other Eligible Currency which the Borrower requests the Agent
to include as an Agreed Currency hereunder and which is acceptable to the Agent and
one-hundred percent (100%) of the Lenders; provided, that the Agent shall
promptly notify each Lender of each such request and each Lender shall be deemed not to
have agreed to each such request unless its written consent 

2

thereto has been received by
the Agent within five (5) Business Days from the date of such notification by the Agent to
such Lender. 

        “Agreement”
means this Third Amended and Restated Credit Agreement, as it may be amended, restated,
supplemented or otherwise modified and in effect from time to time. 

        “Agreement
Accounting Principles” means generally accepted accounting principles as in
effect in the United States from time to time; provided, however, that if
the Borrower notifies the Agent that the Borrower wishes to amend any covenant in
Article VI to eliminate the effect of any change in generally accepted accounting
principles on the operation of such covenant (or if the Agent notifies the Borrower that
the Required Lenders wish to amend Article VI for such purpose), then the
Borrower’s compliance with such covenant shall be determined on the basis of
generally accepted accounting principles in effect immediately before the relevant change
in generally accepted accounting principles became effective, until either such notice is
withdrawn or such covenant is amended in a manner satisfactory to the Borrower and the
Required Lenders. 

        “Alternate
Base Rate” means, for any day, a rate of interest per annum equal to the higher
of (i) the Prime Rate for such day and (ii) the sum of Federal Funds Effective Rate for
such day plus 1/2% per annum. 

        “
Amended  Facility  Arranger”  means J.P.  Morgan  Securities  Inc. as sole lead arranger of the Revolving Loan Facility. 

        “Applicable
Commercial Facility LC Fee” means, with respect to any commercial Facility LC,
for any day, the percentage rate per annum set forth below opposite the Leverage Ratio in
effect on such day: 

	Leverage
Ratio:		Applicable
Commercial Facility LC Fee:	
	Greater than	 	But Less than
or Equal to		 	
	—	 	1.5		0.375%	
	1.5		2.0		0.50%	
	2.0		2.5		0.625%	
	2.5		3.0		0.75%	
	3.0		3.5		0.875%	
	3.5		—	 	1.00%	

The Applicable Commercial Facility LC
Fee shall be adjusted (upward or downward) effective five Business Days after the Agent
has received (and such adjustment, if any, shall be based upon) the Borrower’s
compliance certificate delivered with the Borrower’s financial statements pursuant to
clauses (i) and (ii) of Section 6.1; provided, however,
that before receipt by the Agent of the Borrower’s compliance certificate delivered
with the Borrower’s financial

3

statements pursuant to clauses (i) and
(ii) of Section 6.1 for the first fiscal quarter-end to occur after the
Initial Funding Date, the Applicable Commercial Facility LC Fee shall be 1.00% per annum;
and provided, further, that if the Borrower fails to deliver to the Agent a
compliance certificate and financial statements pursuant to clauses (i) and
(ii) of Section 6.1 for any reason, then the Applicable Commercial Facility
LC Fee shall be 1.00%, effective until five Business Days after such compliance
certificate and financial statements are received by the Agent.. 

        “Applicable
Facility Fee” means for any day, the percentage rate per annum set forth below
opposite the Leverage Ratio in effect on such day: 

	Leverage
Ratio:		Applicable
Facility Fee:	
	Greater than	 	But Less than
or Equal to		 	
	—	 	1.5		0.175%	
	1.5		2.0		0.20%	
	2.0		2.5		0.225%	
	2.5		3.0		0.25%	
	3.0		3.5		0.30%	
	3.5		—	 	0.375%	

The Applicable Facility Fee shall be
adjusted (upward or downward) effective five Business Days after the Agent has received
(and such adjustment, if any, shall be based upon) the Borrower’s compliance
certificate delivered with the Borrower’s financial statements pursuant to clauses
(i) and (ii) of Section 6.1; provided, however, that
before receipt by the Agent of the Borrower’s compliance certificate delivered with
the Borrower’s financial statements pursuant to clauses (i) and (ii) of
Section 6.1 for the first fiscal quarter-end to occur after the Initial Funding
Date, the Applicable Facility Fee shall be 0.375% per annum; and provided,
further, that if the Borrower fails to deliver to the Agent a compliance
certificate and financial statements pursuant to clauses (i) and (ii) of
Section 6.1 for any reason, then the Applicable Facility Fee shall be 0.375%,
effective until five Business Days after such compliance certificate and financial
statements are received by the Agent. 

        “Applicable
Facility LC Fronting Fee” means, with respect to any Facility LC, for any day,
the percentage rate per annum set forth below opposite the Leverage Ratio in effect on
such day: 

4

	Leverage
Ratio:		Applicable
Facility LC Fronting Fee:	
	Greater than	 	But Less than
or Equal to		 	
	—	 	1.5		0.125%	
	1.5		2.0		0.125%	
	2.0		2.5		0.125%	
	2.5		3.0		0.125%	
	3.0		3.5		0.20%	
	3.5		—	 	0.20%	

The Applicable Facility LC Fronting
Fee shall be adjusted (upward or downward) effective five Business Days after the Agent
has received (and such adjustment, if any, shall be based upon) the Borrower’s
compliance certificate delivered with the Borrower’s financial statements pursuant to
clauses (i) and (ii) of Section 6.1; provided, however,
that before receipt by the Agent of the Borrower’s compliance certificate delivered
with the Borrower’s financial statements pursuant to clauses (i) and
(ii) of Section 6.1 for the first fiscal quarter-end to occur after the
Initial Funding Date, the Applicable Facility LC Fronting Fee shall be 0.20% per annum;
and provided, further, that if the Borrower fails to deliver to the Agent a
compliance certificate and financial statements pursuant to clauses (i) and
(ii) of Section 6.1 for any reason, then the Applicable Facility LC Fronting
Fee shall be 0.20%, effective until five Business Days after such compliance certificate
and financial statements are received by the Agent. 

        “Applicable
Margin” means, with respect to a Loan for any day, the applicable percentage rate
per annum set forth below opposite the Leverage Ratio in effect on such day: 

	Leverate Ratio:		Applicable Margin:	
	Greater than	 	But Less
than
or Equal to		Eurocurrency Loans
which are
Revolving Loans		Eurocurrency Loans
which are Term Loans		Floating Rate
Loans	
	—	 	1.5		0.575		0.75%		0%	
	1.5		2.0		0.80%		1.00%		0%	
	2.0		2.5		1.025		1.125%		0%	
	2.5		3.0		1.25%		1.25%		0.25%	
	3.0		3.5		1.45%		1.50%		0.50%	
	3.5		—	 	1.625		1.75%		0.75%	

The Applicable Margin for new as well
as outstanding Loans shall be adjusted (upward or downward) effective five Business Days
after the Agent has received (and such adjustment, if any, shall be based upon) the
Borrower’s compliance certificate delivered with the Borrower’s financial
statements pursuant to clauses (i) and (ii) of Section 6.1;
provided, however, that before 

5

receipt by the Agent of the Borrower’s
compliance certificate delivered with the Borrower’s financial statements pursuant to
clauses (i) and (ii) of Section 6.1 for the first fiscal quarter-end
to occur after the Initial Funding Date, the Applicable Margin for (a) Eurocurrency Loans
which are Revolving Loans shall be 1.625%, (b) Eurocurrency Loans which are Term Loans
shall be 1.75% and (c) Floating Rate Loans shall be 0.75%; and provided,
further, that if the Borrower fails to deliver to the Agent a compliance
certificate and financial statements pursuant to clauses (i) and (ii) of
Section 6.1 for any reason, then the Applicable Margin for (a) Eurocurrency Loans
which are Revolving Loans shall be 1.625%, (b) Eurocurrency Loans which are Term Loans
shall be 1.75% and (c) Floating Rate Loans shall be 0.75%, in each case effective until
five Business Days after such compliance certificate and financial statements are received
by the Agent. 

        “Applicable
Stand-by Facility LC Fee” means, with respect to any stand-by Facility LC, for
any day, the percentage rate per annum set forth below opposite the Leverage Ratio in
effect on such day: 

	Leverage
Ratio:		Applicable
Stand-by Facility LC Fee:	
	Greater than	 	But Less than
or Equal to		 	
	—	 	1.5		0.75%	
	1.5		2.0		1.00%	
	2.0		2.5		1.25%	
	2.5		3.0		1.50%	
	3.0		3.5		1.75%	
	3.5		—	 	2.00%	

The Applicable Stand-by Facility LC
Fee shall be adjusted (upward or downward) effective five Business Days after the Agent
has received (and such adjustment, if any, shall be based upon) the Borrower’s
compliance certificate delivered with the Borrower’s financial statements pursuant to
clauses (i) and (ii) of Section 6.1; provided, however,
that before receipt by the Agent of the Borrower’s compliance certificate delivered
with the Borrower’s financial statements pursuant to clauses (i) and
(ii) of Section 6.1 for the first fiscal quarter-end to occur after the
Initial Funding Date, the Applicable Stand-by Facility LC Fee shall be 2.00% per annum;
and provided, further, that if the Borrower fails to deliver to the Agent a
compliance certificate and financial statements pursuant to clauses (i) and
(ii) of Section 6.1 for any reason, then the Applicable Stand-by Facility LC
Fee shall be 2.00%, effective until five Business Days after such compliance certificate
and financial statements are received by the Agent. 

        “Approximate
Equivalent Amount” of any currency with respect to any amount of Dollars shall
mean the Equivalent Amount of such currency with respect to such amount of Dollars at such
date, rounded up to the nearest amount of such currency as determined by the Agent from
time to time. 

6

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

        “Arrangers”
means the Amended Facility Arranger and the Term Loan Facility Arrangers. 

        “Article”
means an article of this Agreement unless another document is specifically referenced. 

        “Asset
Sale” means, with respect to the Borrower or any Subsidiary, the sale, lease,
conveyance, disposition or other transfer by such Person of any of its assets (including
by way of a sale-leaseback transaction, and including the sale or other transfer of any of
the capital stock or other equity interests of any Subsidiary of such Person, but
excluding the disposition or other transfer of Receivables and Related Security pursuant
to a Permitted Receivables Transfer) to any Person other than the Borrower or any of its
Subsidiaries, other than (i) the sale of inventory in the ordinary course of business,
(ii) the sale or other disposition of any obsolete, excess, damaged or worn-out Equipment
disposed of in the ordinary course of business, (iii) leases of assets in the ordinary
course of business consistent with past practice and (iv) exclusive of sales or
dispositions listed in items (i) through (iii) above, other sales or dispositions of
assets with an aggregate fair market value not to exceed, during any fiscal year of the
Borrower, $25,000,000 (it being understood and agreed that only proceeds in excess of
$25,000,000 during any fiscal year of the Borrower shall be included in any calculation of
Net Cash Proceeds under Section 2.4(c)(ii)). 

        “Assumption
Letter” means a letter of a Foreign Subsidiary of the Borrower, addressed to the
Lenders in substantially the form of Exhibit A hereto pursuant to which such
Subsidiary agrees to become a “Non-U.S. Subsidiary Borrower” and agrees to be
bound by the terms and conditions hereof. 

        “Authorized
Officer” means (i) with respect to the Borrower, any of the President, the Chief
Executive Officer or the Chief Financial Officer of the applicable Borrower, acting
singly; provided, that with respect to Borrowing Notices, Conversion/Continuation
Notices, requests for the issuance or modifications of Facility LCs, commitment reduction
notices and prepayment notices, the Treasurer, Assistant Treasurer or Corporate Controller
of the applicable Borrower, acting singly, shall also be deemed an Authorized Officer and
(ii) with respect to any Non-U.S. Subsidiary Borrower, such officers of such Non-U.S.
Subsidiary Borrower as the President, the Chief Executive Officer or the Chief Financial
Officer of the Borrower may designate in the Assumption Letter to which such Non-U.S.
Subsidiary Borrower is a party. 

        “Borrower”
means Gardner Denver, Inc., a Delaware corporation, and its successors and permitted
assigns. 

7

        “Borrower
Credit Documents” means this Agreement, the Parent Guaranty, any Pledge
Agreements executed by the Borrower and any and all Facility LC Application Agreements
executed by the Borrower. 

        “Borrowers”
means, collectively, the Borrower and, after it has become a party hereto, each Non-U.S.
Subsidiary Borrower. 

        “Borrowing
Date” means a date on which an Advance or a Swing Line Loan is made hereunder. 

        “Borrowing Notice”
is defined in Section 2.9. 

        “Business
Day” means (i) with respect to any borrowing, payment or rate selection of
Eurocurrency Advances, a day (other than a Saturday or Sunday) on which banks generally
are open in Chicago and New York for the conduct of substantially all of their commercial
lending activities, and on which dealings in United States Dollars and the other Agreed
Currencies are carried on in the London interbank market and (ii) for all other purposes,
a day (other than a Saturday or Sunday) on which banks generally are open in Chicago and
New York for the conduct of substantially all of their commercial lending activities. 

        “Buying
Lender” is defined in Section 2.27(b) hereof. 

        “Capitalized
Lease” of a Person means any lease of Property by such Person as lessee which
would be capitalized on a balance sheet of such Person prepared in accordance with
Agreement Accounting Principles. 

        “Capitalized
Lease Obligations” of a Person means the amount of the obligations of such Person
under Capitalized Leases which would be shown as a liability on a balance sheet of such
Person prepared in accordance with Agreement Accounting Principles. 

        “Change”
is defined in Section 3.2.

        “Change
in Control” means, with respect to the Borrower, the acquisition by any Person or
two or more Persons acting in concert, of beneficial ownership (within the meaning of Rule
13d-3 of the Securities and Exchange Commission under the Securities Exchange Act of 1934)
of 30% or more of the outstanding shares of voting stock of the Borrower, and, with
respect to any Non-U.S. Subsidiary Borrower,. the acquisition by any Person (other than
the Borrower or any of its Wholly-Owned Subsidiaries), or two or more Persons acting in
concert, of beneficial ownership (within the meaning of Rule 13d-3 of the Securities and
Exchange Commission under the Securities Exchange Act of 1934) of 30% or more of the
outstanding shares of voting stock of any such Borrower. 

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

8

        “Collateral
Documents” means, collectively, the Pledge Agreements, together with the
documents, instruments and agreements executed in connection therewith. 

        “Commission”
means the Securities and Exchange Commission, an agency of the United States government,
or its successor. 

        “Commitment”
means, for each Lender, the obligation of such Lender to make Revolving Loans and Term
Loans and participate in Facility LCs and Swing Line Loans in the aggregate not exceeding
the amount set forth opposite its name on Schedule 1(a) hereto or as set forth in
any Notice of Assignment relating to any assignment that has become effective pursuant to
Section 12.3.2, as such amount may be modified from time to time pursuant to the
terms hereof. 

        “Commitment
Fee” is defined in Section 2.7 hereof. 

        “Commitment Fee
Percentage” means, with respect to any Term Loan Lender, the percentage obtained
by dividing (A) the relevant portion of such Term Loan Lender’s Term Loan Commitment
as identified on Schedule 1(b) by (B) $230,000,000. 

        “Commitment
Increase Notice” is defined in Section 2.27(a) hereof. 

        “Condemnation”
is defined in Section 7.8.

        “Consolidated
Adjusted EBIT” means, for any period of four consecutive fiscal quarters of the
Borrower, on a consolidated basis for the Borrower and its Subsidiaries in accordance with
Agreement Accounting Principles, the sum of the amounts for such period, without
duplication, of (i) Consolidated EBIT, plus (ii) non-cash charges to the
extent deducted in computing Consolidated Net Income, plus (ii) extraordinary
losses incurred other than in the ordinary course of business to the extent deducted in
computing Net Income, minus (iii) extraordinary gains realized other than in
the ordinary course of business to the extent added in computing Net Income (iv) plus
(minus) any increases (decreases) in the LIFO reserve to the extent deducted
(added) in computing Net Income. “Consolidated Adjusted EBIT” for any period
shall be calculated to be the actual amount for such period for the Borrower and its
Subsidiaries; provided, upon the consummation of any Acquisition, for calculations
made from and after such Acquisition, Consolidated Adjusted EBIT shall be calculated on a
pro forma basis including the target’s historical Consolidated Adjusted
EBIT for the applicable period using historical financial statements obtained from the
seller, broken down by fiscal quarter in the Borrower’s reasonable judgment (the
amounts from which may be adjusted solely as may be necessary to comply with Agreement
Accounting Principles). 

        “Consolidated
Adjusted EBITDA” means, for any period of four consecutive fiscal quarters of the
Borrower, on a consolidated basis for the Borrower and its Subsidiaries in accordance with
Agreement Accounting Principles, the sum of the amounts for such period, without
duplication, of (i) Consolidated EBIT, plus (ii) depreciation expense to
the extent deducted in computing Consolidated Net Income, plus
(iii) amortization expense, including, without limitation, amortization of goodwill
and other intangible assets, to the extent deducted in computing Net Income, plus
(iv) other non-cash charges to the extent deducted in 

9

computing Net Income,
plus (v) extraordinary losses incurred other than in the ordinary course of
business to the extent deducted in computing Net Income, minus
(vi) extraordinary gains realized other than in the ordinary course of business to
the extent added in computing Net Income (vii) plus (minus) any
increases (decreases) in the LIFO reserve to the extent deducted (added) in computing Net
Income. “Consolidated Adjusted EBITDA” for any period shall be calculated to be
the actual amount for such period for the Borrower and its Subsidiaries; provided,
upon the consummation of any Acquisition, for calculations made from and after such
Acquisition, Consolidated Adjusted EBITDA shall be calculated on a pro forma
basis including the target’s historical Consolidated Adjusted EBITDA for the
applicable period using historical financial statements obtained from the seller, broken
down by fiscal quarter in the Borrower’s reasonable judgment (the amounts from which
may be adjusted solely as may be necessary to comply with Agreement Accounting
Principles). 

        “Consolidated
Capital Expenditures” means, for any period of four consecutive fiscal quarters
of the Borrower, the aggregate of all expenditures (whether paid in cash or accrued as
liabilities and including that portion of Capital Leases which is capitalized on the
consolidated balance sheet of the Borrower and its Subsidiaries) by the Borrower and its
Subsidiaries during that period that, in conformity with Agreement Accounting Principles,
are required to be included in or reflected by the property, plant or equipment or similar
fixed asset accounts reflected in the consolidated balance sheet of the Borrower and its
Subsidiaries. 

        “Consolidated
EBIT” means, for any period of four consecutive fiscal quarters of the Borrower,
on a consolidated basis for the Borrower and its Subsidiaries in accordance with Agreement
Accounting Principles, the sum of the amounts for such period, without duplication, of
(i) Consolidated Net Income, plus (ii) Consolidated Interest Expense to
the extent deducted in computing Net Income, plus (iii) charges against income
for all domestic and foreign, federal, state and local taxes to the extent deducted in
computing Net Income. 

        “Consolidated
Interest Coverage Ratio” means, for any period of four consecutive fiscal
quarters of the Borrower, the ratio of (i) Consolidated Adjusted EBIT for such period to
(ii) Consolidated Interest Expense for such period. 

        “Consolidated
Interest Expense” means, for any period of four consecutive fiscal quarters of
the Borrower, total interest expense (whether paid or accrued) of the Borrower and its
Subsidiaries for such period determined in accordance with Agreement Accounting Principles
including, without limitation, such interest expense as may be attributable to Capitalized
Leases, Receivables Facility Financing Costs, the discount or implied interest component
of Off-Balance Sheet Liabilities as well as all commissions, discounts and other fees and
charges owed with respect to Letters of Credit and net costs (net of any revenues) under
any interest rate swap, exchange or cap agreements. 

        “Consolidated
Net Income” means, for any fiscal quarter of the Borrower, the positive
consolidated net income of the Borrower and its Subsidiaries for such quarter determined
in accordance with Agreement Accounting Principles; provided, that there shall be
excluded (i) the 

10

income (or loss) of any Affiliate of the Borrower or other Person (other
than a Subsidiary of the Borrower) in which any Person (other than the Borrower or any of
its Subsidiaries) has a joint interest, except to the extent of the amount of dividends or
other distributions actually paid to the Borrower, or any of its Subsidiaries by such
Affiliate or other Person during such period, (ii) the income (or loss) of any Person
accrued prior to the date it becomes a Subsidiary of the Borrower or is merged into or
consolidated with the Borrower or any of its Subsidiaries or that Person’s assets are
acquired by the Borrower or any of its Subsidiaries and (iii) the income of any Subsidiary
to the extent that the declaration or payment of dividends or similar distributions by
that Subsidiary of that income is not at the time permitted by operation of the terms of
its charter or any agreement, instrument, judgment, decree, order, statute, rule or
governmental regulation applicable to that Subsidiary. 

        “Consolidated
Net Worth” means, as of any date of determination, the consolidated total
stockholders’ equity (including capital stock, additional paid-in capital and
retained earnings) of the Borrower and its Subsidiaries determined in accordance with
Agreement Accounting Principles. 

        “Consolidated
Total Debt” means the aggregate amount of all Indebtedness (other than Hedging
Obligations) on a consolidated basis for the Borrower and its Subsidiaries as of a
referenced date. 

        “Contingent
Obligation” of a Person means any agreement, undertaking or arrangement by which
such Person assumes, guarantees, endorses, contingently agrees to purchase or provide
funds for the payment of, or otherwise becomes or is contingently liable upon, the
obligation or liability of any other Person, or agrees to maintain the net worth or
working capital or other financial condition of any other Person, or otherwise assures any
creditor of such other Person against loss, including, without limitation, any contingent
reimbursement obligations of such Person with respect to any Letter of Credit, as well as
any comfort letter, operating agreement or take-or-pay contract (but, in the case of each
such Contingent Obligation, only to the extent that a monetary value can reasonably be
attributed thereto; it being understood, for the avoidance of doubt, however, that with
respect to any Contingent Obligation which is either a guaranty of a monetary obligation
of another Person or a reimbursement obligation with respect to a Letter of Credit, the
amount of such Contingent Obligation shall be deemed equal to the amount of such monetary
obligation or Letter of Credit, as the case may be). 

        “Conversion/Continuation
Notice” is defined in Section 2.10. 

        “Controlled
Group” means all members of a controlled group of corporations or other business
entities and all trades or businesses (whether or not incorporated) under common control
which, together with the Borrower or any of its Subsidiaries, are treated as a single
employer under Section 414 of the Code. 

        “Cooper”
means Cooper Industries, Inc., an Ohio corporation. 

11

        “Credit
Documents” means, collectively, the Borrower Credit Documents, the Non-U.S.
Subsidiary Borrower Credit Documents, the Collateral Documents, the Parent Guaranty and
the Subsidiary Guaranties and any other instruments, agreements or documents delivered
pursuant thereto or in connection therewith, in each case, as the same has been amended,
restated, supplemented or otherwise modified from time to time. 

        “Credit
Extension” means either the funding of an Advance or Swing Line Loan or the
issuance of or amendment to a Facility LC hereunder. 

        “Credit
Extension Date” means the Borrowing Date for an Advance or Swing Line Loan or the
issuance date for a Facility LC. 

        “Cure
Loan” is defined in Section 8.2 hereof. 

        “Default”
means an event described in Article VII. 

        “Disqualified
Stock” means any capital stock that, by its terms (or by the terms of any
security into which it is convertible or for which it is exchangeable), or upon the
happening of any event, matures or is mandatorily redeemable, pursuant to a sinking fund
obligation or otherwise, or redeemable at the option of the holder thereof, in whole or in
part, on or prior to the date that is ninety-one (91) days after the later of the
Revolving Loan Termination Date and the Term Loan Final Maturity Date. 

        “Dollar”
and “$” means the lawful currency of the United States of
America. 

        “Dollar
Amount” of any currency at any date shall mean (i) the amount of such currency if
such currency is Dollars or (ii) the Equivalent Amount of Dollars if such currency is any
currency other than Dollars, calculated on the basis of the arithmetical mean of the buy
and sell spot rates of exchange of the Agent for such currency on the London market at
11:00 a.m., London time, two Business Days prior to the date on which such amount is to be
determined. 

        “Domestic
Subsidiary ”means each Subsidiary other than a Foreign Subsidiary. 

        “Effective
Commitment Amount ” is defined in Section 2.27(a) hereof. 

        “Eligible
Currency” means any currency other than Dollars that is readily available, freely
traded, in which deposits are customarily offered to banks in the London interbank market,
convertible into Dollars in the international interbank market available to the Lenders in
such market and as to which an Equivalent Amount may be readily calculated. If, after the
designation by the Lenders of any currency as an Agreed Currency, currency control or
other exchange regulations are imposed in the country in which such currency is issued
with the result that different types of such currency are introduced, such country’s
currency is, in the determination of the Agent, (i) no longer readily available or
freely traded or (ii) as to which, in the determination of the Agent, an Equivalent Amount
is not readily calculable ((i) and (ii) a “Disqualifying Event”), then
the Agent shall promptly notify the Lenders and the Borrowers, and such country’s
currency shall no longer be an Agreed Currency until such time as the

12

 Disqualifying
Event(s) no longer exist, but in any event within five (5) Business Days of receipt of
such notice from the Agent, each Borrower shall repay all Loans in such currency to which
the Disqualifying Event applies or convert such Loans into the Equivalent Amount of Loans
in Dollars or another Agreed Currency, subject to the other terms contained in Article
II (it being understood and agreed that no Non-U.S. Subsidiary Borrower shall be
liable to repay any Loans made to the Borrower). 

        “Equipment”
means all of the Borrower’s and each Subsidiary’s present and future
(i) equipment, including, without limitation, machinery, manufacturing, distribution,
data processing and office equipment, assembly systems, tools, molds, dies, fixtures,
appliances, furniture, furnishings, vehicles, vessels, aircraft, aircraft engines, and
trade fixtures, (ii) other tangible personal property (other than inventory), and
(iii) any and all accessions, parts and appurtenances attached to any of the
foregoing or used in connection therewith, and any substitutions therefor and
replacements, products and proceeds thereof. 

        “Equivalent
Amount” of any Agreed Currency with respect to any amount of Dollars at any date
shall mean the equivalent in such Agreed Currency of such amount of Dollars, calculated on
the basis of the arithmetical mean of the buy and sell spot rates of exchange of the Agent
for such other Agreed Currency at 11:00 a.m., London time, two Business Days prior to the
date on which such amount is to be determined. 

        “ERISA”
means the Employee Retirement Income Security Act of 1974, as amended from time to time,
and any rule or regulation issued thereunder. 

        “Eurocurrency
Advance” means an Advance which bears interest at a Eurocurrency Rate. 

        “Eurocurrency Base
Rate” means, with respect to a Eurocurrency Advance for the relevant Eurocurrency
Interest Period, the applicable British Bankers’ Association Interest Settlement Rate
for deposits in the applicable Agreed Currency appearing on Reuters Screen FRBD or the
applicable Reuters Screen for such Agreed Currency as of 11:00 a.m. (London time) two
Business Days prior to the first day of such Eurocurrency Interest Period, and having a
maturity equal to such Eurocurrency Interest Period, provided that, (i) if Reuters
Screen FRBD or the applicable Reuters Screen for such Agreed Currency is not available to
the Agent for any reason, the applicable Eurocurrency Base Rate for the relevant
Eurocurrency Interest Period shall instead be the applicable British Bankers’
Association Interest Settlement Rate for deposits in the applicable Agreed Currency as
reported by any other generally recognized financial information service as of 11:00 a.m.
(London time) two Business Days prior to the first day of such Eurocurrency Interest
Period, and having a maturity equal to such Eurocurrency Interest Period, and (ii) if no
such British Bankers’ Association Interest Settlement Rate is available, the
applicable Eurocurrency Base Rate for the relevant Eurocurrency Interest Period shall
instead be the rate determined by the Agent to be the rate at which JPMorgan offers to
place deposits in the applicable Agreed Currency with first-class banks in the London
interbank market at approximately 11:00 a.m. (London time) two Business Days prior to the
first day of such Eurocurrency Interest Period, in the approximate amount of
JPMorgan’s relevant Eurocurrency 

13

Loan and having a maturity equal to such
Eurocurrency Interest Period. The Eurocurrency Base Rate shall be rounded to the next
higher multiple of 1/16 of 1% if the rate is not such a multiple. 

        “Eurocurrency
Interest Period” means, with respect to a Eurocurrency Advance, a period as the
applicable Borrower may choose, of one week, one, two, three or six months, or of nine or
twelve months if the Agent determines that a nine or twelve month period, as the case may
be, is reasonably available, each such period to commence on a Business Day selected by
the applicable Borrower on which a Eurocurrency Advance is made to such Borrower pursuant
to this Agreement. Such Eurocurrency Interest Period shall end on (but exclude) the day
which corresponds numerically to such date one week or one, two, three, six, nine or
twelve months thereafter, as the case may be, provided, however, that if
there is no such numerically corresponding day in such next week or next, second, third,
sixth, ninth or twelfth succeeding month, as applicable, such Eurocurrency Interest Period
shall end on the last Business Day of such next week or next, second, third, sixth, ninth
or twelfth succeeding month, as applicable. If a Eurocurrency Interest Period would
otherwise end on a day which is not a Business Day, such Eurocurrency Interest Period
shall end on the next succeeding Business Day, provided, however, that if
said next succeeding Business Day falls in a new calendar month, such Eurocurrency
Interest Period shall end on the immediately preceding Business Day. 

        “Eurocurrency
Loan” means a Loan which bears interest at a Eurocurrency Rate. 

        “Eurocurrency Payment
Office” of the Agent shall mean, for each of the Agreed Currencies, the office,
branch or affiliate of the Agent, specified as the “Eurocurrency Payment
Office” for such Agreed Currency in Schedule 2 hereto or such other
office, branch, affiliate or correspondent bank of the Agent, as it may from time to time
specify to the Borrower and each Lender as its Eurocurrency Payment Office. 

        “Eurocurrency
Rate” means, with respect to a Eurocurrency Advance for the relevant Eurocurrency
Interest Period, a rate per annum equal to the sum of (i) the quotient of (a) the
Eurocurrency Base Rate applicable to such Eurocurrency Interest Period, divided by
(b) one minus the Reserve Requirement (expressed as a decimal) applicable to such
Eurocurrency Interest Period, plus (ii) the then Applicable Margin, changing as and
when the Applicable Margin changes, plus (iii) for Advances by a Lender from its office or
branch in the United Kingdom, the Mandatory Cost, plus (iv) any other mandatory costs
imposed by any governmental or regulatory authority. 

        “Existing
Credit Agreement” is defined in the first recital. 

        “Existing Indebtedness”
means any and all Indebtedness of the Borrower and its Subsidiaries under the Existing
Credit Agreement. 

        “Existing
LCs” means each of the stand-by or commercial Letters of Credit issued under and
pursuant to the Existing Credit Agreement and which are described in Schedule 3
hereto. 

        “Facility”
means the Revolving Loan Facility or the Term Loan Facility, as applicable. 

14

        “Facility
Fee” is defined in Section 2.7.

        “Facility
LC” means each Existing LC and each stand-by or commercial Letter of Credit
issued under Section 2.23(a). 

        “Facility
LC Application Agreement” means each and every application agreement or other
instrument or agreement requested by the LC Issuer pursuant to Section 2.23(c). 

        “Federal
Funds Effective Rate” means, for any day, an interest rate per annum equal to the
weighted average of the rates on overnight Federal funds transactions with members of the
Federal Reserve System arranged by Federal funds brokers on such day, as published for
such day (or, if such day is not a Business Day, for the immediately preceding Business
Day) by the Federal Reserve Bank of New York, or, if such rate is not so published for any
day which is a Business Day, the average of the quotations at approximately 10:00 a.m.
(Chicago time) on such day on such transactions received by the Agent from three Federal
funds brokers of recognized standing selected by the Agent in its sole discretion. 

        “Financing”
means, with respect to the Borrower or any Subsidiary, (i) the issuance or sale by such
Person of any equity interests (including, without limitation, common stock, preferred
stock, warrants and any other equity interests) in such Person (other than equity
securities issued prior to the Initial Funding Date to finance the Thomas Industries
Acquisition and other than equity securities sold or issued to the Borrower or any
Subsidiary by any other Subsidiary or to any employee of the Borrower or any Subsidiary
pursuant to the Borrower’s long-term incentive plan) and (ii) the issuance or sale by
such Person of any Indebtedness (other than Indebtedness permitted under clauses (i),
(iv), (v), (vi), (vii), (ix) and (x) of Section 6.12). 

        “First-Tier
Foreign Subsidiary” means each Foreign Subsidiary with respect to which any one
or more of the Borrower and its Domestic Subsidiaries directly owns or controls more than
50% of such Foreign Subsidiary’s voting capital stock and other equity interests. 

        “Floating
Rate” means, for any day, the sum of (i) a rate per annum equal to the Alternate
Base Rate for such day and (ii) the then Applicable Margin, changing when and as the
Alternate Base Rate changes and Applicable Margin changes. 

        “Floating
Rate Advance” means an Advance which bears interest at the Floating Rate. 

        “Floating Rate
Loan” means a Loan which bears interest at the Floating Rate. 

        “Foreign
Subsidiary” means a Subsidiary organized under the laws of a jurisdiction which
is not located in the United States of America. 

        “Hedging
Obligations” of a Person means any and all obligations of such Person, whether
absolute or contingent and howsoever and whensoever created, arising, evidenced or
acquired (including all renewals, extensions and modifications thereof and substitutions
therefor), under (i) any and all agreements, devices or arrangements designed to protect
at least one of the parties thereto from the fluctuations of interest rates, exchange
rates or forward rates 

15

applicable to such party’s assets, liabilities or exchange
transactions, including, but not limited to, dollar-denominated or cross-currency interest
rate exchange agreements, forward currency exchange agreements, interest rate cap or
collar protection agreements, forward rate currency or interest rate options, puts and
warrants, and (ii) any and all cancellations, buy backs, reversals, terminations or
assignments of any of the foregoing. 

        “Home
Country ” is defined in Section 5.19(a). 

        “Indebtedness”
of a Person means, without duplication, such Person’s (i) obligations for borrowed
money, (ii) obligations representing the deferred purchase price of Property or services
(other than accounts payable arising in the ordinary course of such Person’s business
payable on terms customary in the trade), (iii) obligations, whether or not assumed,
secured by Liens or payable out of the proceeds or production from property now or
hereafter owned or acquired by such Person, (iv) obligations which are evidenced by notes,
acceptances, or other instruments, (v) Capitalized Lease Obligations, (vi) Hedging
Obligations, (vii) Contingent Obligations and (viii) Off Balance Sheet Liabilities, (ix)
Receivables Facility Attributed Indebtedness and (x) Disqualified Stock. 

        “Initial
Funding Date” means the date on which the conditions precedent set forth in
Section 4.1 shall have been satisfied, which date shall be no later than December 15,
2005. 

        “Intellectual
Property” means (i) any and all intangible personal property consisting of
intellectual property, whether or not registered with any governmental entity, including,
without limitation, franchises, licenses, patents, technology and know-how, copyrights,
trademarks, trade secrets, service marks, logos and trade names and (ii) any and all
contract rights (including, without limitation, applications for governmental
registrations, license agreements, trust agreements and assignment agreements) creating,
evidencing or conveying an interest or right in or to any of the intellectual property
described in the preceding clause (i). 

        “Investment”
of a Person means any loan, advance (other than commission, travel and similar advances to
officers and employees made in the ordinary course of business), extension of credit,
deposit account (in the nature of, or similar to, a bank account) or contribution of
capital by such Person to any other Person or any investment in, or purchase or other
acquisition of, the stock, partnership interests, notes, debentures or other securities of
any other Person made by such Person. 

        “JPMorgan”
means JPMorgan Chase Bank, N.A. (successor by merger to Bank One, NA, with its main office
in Chicago, Illinois), in its individual capacity, and its successors. 

        “LC
Draft” means a draft, or other form of demand, drawn or made on a LC Issuer
pursuant to a Facility LC. 

        “LC
Issuer” means (i) JPMorgan or any of its Lending Installations or Affiliates in
its capacity as LC Issuer hereunder with respect to each Facility LC issued by JPMorgan or
such Lending Installation or Affiliate and (ii) any Revolving Loan Lender (other than
JPMorgan or any Lending Installation or Affiliate thereof) reasonably acceptable to the
Agent, in such 

16

Revolving Loan Lender’s capacity as LC Issuer hereunder with respect
to any and all Facility LCs issued by such Revolving Loan Lender in its sole discretion
upon the applicable Borrower’s request. All references contained in this Agreement
and the other Credit Documents to the “LC Issuer” shall be deemed to apply
equally to each of the institutions referred to in clauses (i) and (ii) of
this definition in their respective capacities as LC Issuer of any and all Facility LCs
issued by each such institution. 

        “LC
Obligations” means, at any time, the sum, without duplication, of (i) the
aggregate amount then available for drawing under all Facility LCs outstanding at such
time plus (ii) the face amount of all LC Drafts corresponding to the Facility LCs,
which drafts have been accepted by the applicable LC Issuer plus (iii) the
aggregate unpaid amount at such time of all Reimbursement Obligations in respect of
previous drawings made under Facility LCs. 

        “LC
Payment Date” is defined in Section 2.23(e). 

        “Lender
Increase Notice” is defined in Section 2.27(a) hereof. 

        “Lenders”
means the lending institutions listed on the signature pages of this Agreement and their
respective successors and permitted assigns. 

        “Lending
Installation” means, with respect to a Lender, LC Issuer or the Agent, any
office, branch, subsidiary or affiliate of such Lender, the LC Issuer or the Agent. 

        “Letter
of Credit” of a Person means a letter of credit or similar instrument which is
issued upon the application of such Person or upon which such Person is an account party
or for which such Person is in any way liable. 

        “Leverage
Ratio” means, as of the last day of any fiscal quarter of the Borrower, the ratio
of (i) Consolidated Total Debt to (ii) Consolidated Adjusted EBITDA. The
Leverage Ratio shall be calculated based upon (a) for Consolidated Total Debt,
Consolidated Total Debt as of the last day of each such fiscal quarter, and (b) for
Consolidated Adjusted EBITDA, the actual amount for the period of four consecutive fiscal
quarters of the Borrower ending on such day. 

        “Lien”
means any lien (statutory or other), mortgage, pledge, hypothecation, assignment, deposit
arrangement, encumbrance or preference, priority or other security agreement or
preferential arrangement of any kind or nature whatsoever (including, without limitation,
the interest of a vendor or lessor under any conditional sale, Capitalized Lease or other
title retention agreement). 

        “Loan”
means, with respect to a Lender, such Lender’s portion of any Advance made pursuant
to Section 2.1, and in the case of the Swing Line Lender, any Swing Line Loan made
pursuant to Section 2.2 hereof, and collectively all Term Loans, Revolving Loans
and Swing Line Loans, whether made or continued as or converted to Floating Rate Loans,
Eurocurrency Loans or otherwise. 

        “Mandatory
Cost” is described in Schedule 1(c) hereto. 

17

        “Material
Adverse Effect” means a material adverse effect on (a) the business, Property,
condition (financial or otherwise) or results of operations of the Borrower and its
Subsidiaries taken as a whole, (b) the ability of any Borrower or any Subsidiary to
perform its respective obligations under the Credit Documents to which it is a party or
(c) the validity or enforceability of any of the Credit Documents or any material rights
or remedies of the Agent, the Swing Line Lender, the LC Issuer or the Lenders thereunder. 

        “Material
Domestic Subsidiary(ies)” means each Domestic Subsidiary of the Borrower (other
than any SPV and any Domestic Subsidiary owned by a Foreign Subsidiary), the total assets
of which exceed, at any time, ten percent (10.0%) of the consolidated total assets of the
Borrower and its consolidated Subsidiaries (other than SPVs). 

        “Material
Foreign Subsidiary(ies)” means (i) each Non-U.S. Subsidiary Borrower and (ii)
each other Foreign Subsidiary of the Borrower (other than any SPV), the total assets of
which exceed, at any time, ten percent (10.0%) of the consolidated total assets of the
Borrower and its consolidated Subsidiaries (other than SPVs); provided, however, in
the event that one of more of such Foreign Subsidiaries are owned through another Foreign
Subsidiary, then the Agent shall notify the Borrower whether the “Material Foreign
Subsidiary” shall be the holding company Foreign Subsidiary or such holding
company’s Foreign Subsidiary or Subsidiaries, it being the intention of the parties
that the Agent and the Lenders shall be provided with the maximum collateral protection
without resulting in any undistributed earnings of any such Foreign Subsidiary being
deemed to have been repatriated under the provisions of the Code. 

        “Material
Indebtedness” means any Indebtedness, or group of different Indebtedness, in an
aggregate principal amount of at least $20,000,000. 

        “Maximum
Foreign Currency Amount” means, at any time, the Equivalent Amount of
$150,000,000 minus the aggregate outstanding principal amount of Credit Extensions
made to, or issued for the account of, the Non-U.S. Subsidiary Borrowers in an Agreed
Currency other than Dollars at such time. 

        “Maximum
Non-U.S. Subsidiary Borrower Amount” means the Equivalent Amount of $100,000,000. 

        “Multiemployer
Plan” means a Plan maintained pursuant to a collective bargaining agreement or
any other arrangement to which the Borrower or any member of the Controlled Group is a
party to which more than one employer is obligated to make contributions. 

        “Net
Cash Proceeds” means, with respect to the Borrower or any Subsidiary, (a) cash
(freely convertible into Dollars) received by such Person or any Subsidiary of such Person
from any Asset Sale (including cash received as consideration for the assumption or
incurrence of liabilities incurred in connection with or in anticipation of such Asset
Sale) or any Financing, after (i) provision for all income or other taxes measured by or
resulting from such sale of Property, (ii) payment of all reasonable brokerage commissions
and other fees and expenses related to such Asset Sale or Financing, and (iii) all amounts
used to repay Indebtedness secured 

18

by a Lien on any asset disposed of in such Asset Sale
which is or may be required (by the express terms of the instrument governing such
Indebtedness) to be repaid in connection with such Asset Sale (including payments made to
obtain or avoid the need for the consent of any holder of such Indebtedness) or Financing. 

        “New
Subsidiary” is defined in Section 6.15. 

        “Non Pro
Rata Loan” is defined in Section 8.2 hereof. 

         “Non-U.S
          Subsidiary Borrower” means, upon satisfaction of the requirements set
          forth in Section 2.19, a First-Tier Foreign Subsidiary of the Borrower,
          whether now existing or hereafter formed, which shall have delivered to the
          Agent an Assumption Letter in accordance with Section 2.19 and such other
          documents, instruments and agreements as may be required pursuant to the terms
          of this Agreement (including Section 4.2), together with its successors
          and permitted assigns. 

         “Non-U.S.
          Subsidiary Borrower Credit Documents” means this Agreement or, as the
          case may be, the Assumption Letter pursuant to which a Non-U.S. Subsidiary
          Borrower becomes a party to this Agreement, any Pledge Agreements executed by
          any Non-U.S. Subsidiary Borrower and any and all Facility LC Application
          Agreements executed by any Non-U.S. Subsidiary Borrower. 

        “Notice
of Assignment” is defined in Section 12.3.2. 

        “Obligations”
means all unpaid principal of and accrued and unpaid interest on the Loans, all LC
Obligations, all accrued and unpaid fees and all expenses, reimbursements, indemnities and
other obligations of each Borrower, respectively, to the Lenders or to any Lender
(including the Swing Line Lender), the LC Issuer, the Agent or any indemnified party
hereunder arising under the Credit Documents (whether or not allowed as a claim in any
insolvency proceeding of any Borrower). 

        “Obligor
Subsidiary” means (i) a Subsidiary which is a party to a Subsidiary Guaranty or
(ii) a Material Domestic Subsidiary or Material Foreign Subsidiary in connection with
which a Pledge Agreement has been executed. 

        “Off
Balance Sheet Liabilities” of a Person means (a) any Receivables Facility
Attributed Indebtedness, (b) any repurchase obligation or liability of such Person or any
of its Subsidiaries with respect to accounts or notes receivable sold by such Person or
any of its Subsidiaries, including pursuant to any Receivables Purchase Facility, (c) any
liability under any sale and leaseback transactions which do not create a liability on the
consolidated balance sheet of such Person prepared in accordance with the Agreement
Accounting Principles, (d) any liability under any financing lease or so-called
“synthetic” lease transaction, or (e) any obligations arising with respect to
any other transaction which is the functional equivalent of or takes the place of
borrowing but which does not constitute a liability on the consolidated balance sheets of
such Person and its Subsidiaries, prepared in accordance with Agreement Accounting
Principles. 

19

        “Originators”
means the Borrower and/or any of its Subsidiaries in their respective capacities as
parties to any Receivables Purchase Documents, as sellers or transferors of any
Receivables and Related Security in connection with a Permitted Receivables Transfer. 

        “Outstanding
Credit Exposure” means, as to any Lender at any time, the sum of (i) the
aggregate principal amount of its Loans outstanding at such time plus (ii) its Outstanding
LC Exposure at such time. 

        “Outstanding
LC Exposure” means, as to any Lender at any time, an amount equal to its
Revolving Loan Percentage of the LC Obligations at such time. 

        “Parent
Guaranty” means a Guaranty, substantially in the form of Exhibit B hereto,
duly executed and delivered by the Borrower to and in favor of the Agent, the LC Issuer
and the Lenders, as it may from time to time be amended, supplemented or otherwise
modified. 

        “Participants”
is defined in Section 12.2.1. 

        “Payment
Date” means the last Business Day of each March, June, September and December,
commencing on the first calendar quarter-end occurring after the Initial Funding Date. 

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

        “Percentage”
means, with respect to any Lender, (i) at any time prior to the Initial Funding Date, the
percentage obtained by dividing (A) such Lender’s Commitments at such time (in each
case, as adjusted from time to time in accordance with the provisions of this Agreement)
by (B) the sum of the Aggregate Term Loan Commitment and the Aggregate Revolving Loan
Commitment at such time and (ii) at any time after the Initial Funding Date, the
percentage obtained by dividing (A) the sum of such Lender’s Term Loans and Revolving
Loan Commitment at such time (in each case, as adjusted from time to time in accordance
with the provisions of this Agreement) by (B) the sum of the aggregate amount of all of
the Term Loans and the Aggregate Revolving Loan Commitment at such time; provided,
however, if all of the Commitments are terminated pursuant to the terms of this
Agreement, then “Percentage” means the percentage obtained by dividing (i) the
sum of (a) such Lender’s Term Loans and the Dollar Amount of such Lender’s
Revolving Loans, plus (b) such Lender’s share of the obligation to purchase
participations in Swing Line Loans, plus (c) such Lender’s share of the
obligation to purchase participations in Facility LCs by (ii) the sum of (a) the aggregate
amount of all Term Loans and the Dollar Amount of Revolving Loans plus (b) the
aggregate amount of all Swing Line Loans, plus (c) the aggregate outstanding Dollar
Amount of all Facility LCs. 

        “Permitted
Receivables Transfer” means (i) a sale or other transfer by an Originator to a
SPV of Receivables and Related Security for fair market value and without recourse (except
for limited recourse typical of such structured finance transactions), and/or (ii) a sale
or other transfer by a SPV to (a) purchasers of or other investors in such Receivables and
Related Security or (b) any other Person (including a SPV) in a transaction in which
purchasers or other 

20

investors purchase or are otherwise transferred such Receivables and
Related Security, in each case pursuant to and in accordance with the terms of the
Receivables Purchase Documents. 

        “Person”
means any natural person, corporation, firm, joint venture, partnership, limited liability
company, association, enterprise, trust or other entity or organization, or any government
or political subdivision or any agency, department or instrumentality thereof. 

        “Plan”
means 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 as to which the Borrower or
any member of the Controlled Group may have any liability. 

        “Pledge
Agreement” means a Pledge Agreement on terms and conditions reasonably acceptable
to the Agent duly executed and delivered by the Borrower and/or any of its Subsidiaries to
and in favor of the Agent, the Swing Line Lender, the LC Issuer and the Lenders, as it may
from time to time be amended, supplemented or otherwise modified with respect to (i) one
hundred percent (100%) of the outstanding capital stock and other equity interests of each
of the Borrower’s Material Domestic Subsidiaries and (ii) sixty-five percent (65%) of
the outstanding capital stock and other equity interests of each of the Borrower’s
Material Foreign Subsidiaries including, but not limited to, after it has become a party
hereto, each Non-U.S. Subsidiary Borrower. 

        “Prepayment
Notice” is defined in Section 2.4(b). 

        “Prime
Rate” means a rate per annum equal to the prime rate of interest announced by the
Agent or its parent from time to time (which is not necessarily the lowest rate of
interest charged to any customer), changing when and as said prime rate changes. 

        “Property”
of a Person means any and all property, whether real, personal, tangible, intangible, or
mixed, of such Person, or other assets owned, leased or operated by such Person,
including, without limitation, Intellectual Property. 

        “Proposed
New Lender” is defined in Section 2.27(a) hereof. 

        “Purchasers”
is defined in Section 12.3.1.

        “Receivable(s)”
means and includes all of the applicable Originator’s or SPV’s presently
existing and hereafter arising or acquired accounts, accounts receivable, and all present
and future rights of such Originator or SPV, as applicable, to payment for goods sold or
leased or for services rendered (except those evidenced by instruments or chattel paper),
whether or not they have been earned by performance, and all rights in any merchandise or
goods which any of the same may represent, and all rights, title, security and guaranties
with respect to each of the foregoing, including, without limitation, any right of
stoppage in transit. 

        “Receivables
and Related Security” means the Receivables and the related security and
collections with respect thereto which are sold or transferred by any Originator or SPV in
connection with any Permitted Receivables Transfer. 

21

        “Receivables
Facility Attributed Indebtedness” means the amount of obligations outstanding
under a Receivables Purchase Facility on any date of determination that would be
characterized as principal if such facility were structured as a secured lending
transaction rather than as a purchase. 

        “Receivables
Facility Financing Cost” means such portion of the cash fees, service charges,
and other costs, as well as all collections or other amounts retained by purchasers of
Receivables pursuant to a Receivables Purchase Facility, which are in excess of amounts
paid to the Borrower and its consolidated Subsidiaries under any Receivables Purchase
Facility for the purchase of Receivables pursuant to such facility and are the equivalent
of the interest component of the financing if the transaction were characterized as an
on-balance sheet transaction. 

        “Receivables
Purchase Documents” means any series of receivables purchase or sale agreements
generally consistent with terms contained in comparable structured finance transactions
pursuant to which an Originator or Originators sell or transfer to SPVs all of their
respective right, title and interest in and to certain Receivables and Related Security
for further sale or transfer to other purchasers of or investors in such assets (and the
other documents, instruments and agreements executed in connection therewith), as any such
agreements may be amended, restated, supplemented or otherwise modified from time to time,
or any replacement or substitution therefor. 

        “Receivables
Purchase Facility” means the securitization facility made available to the
Borrower, pursuant to which the Receivables and Related Security of the Originators are
transferred to one or more SPVs, and thereafter to certain investors, pursuant to the
terms and conditions of the Receivables Purchase Documents. 

        “Regulation
D” means Regulation D of the Board of Governors of the Federal Reserve System as
from time to time in effect and any successor thereto or other regulation or official
interpretation of said Board of Governors relating to reserve requirements applicable to
member banks of the Federal Reserve System. 

        “Regulation
U” means Regulation U of the Board of Governors of the Federal Reserve System as
from time to time in effect and any successor or other regulation or official
interpretation of said Board of Governors relating to the extension of credit by banks for
the purpose of purchasing or carrying margin stocks applicable to member banks of the
Federal Reserve System. 

        “Reimbursement
Obligations” means, at any time, the aggregate of all obligations of each
Borrower then outstanding under Section 2.23 to reimburse any LC Issuer for amounts
paid by any such LC Issuer in respect of any one or more drawings under Facility LCs. 

        “Relevant
Prepayment Percentage” means (a) so long as the Leverage Ratio is greater than
3.5 to 1.0, (i) 100% in the case of prepayments required in connection with an Asset Sale,
(ii) 50% in the case of prepayments required in connection with a Financing constituting

22

an issuance or sale of any equity interests (including, without limitation, common stock,
preferred stock, warrants and any other equity interests) and (iii) 75% in the case of
prepayments required in connection with a Financing constituting an issuance or sale of
any Indebtedness and (b) so long as the Leverage Ratio is equal to or less than 3.5 to
1.0, (i) 50% in the case of prepayments required in connection with an Asset Sale and (ii)
0% in the case of prepayments required in connection with a Financing. 

        “Rentals”
of a Person means the aggregate fixed amounts payable by such Person under any lease of
Property having an original term (including any required renewals or any renewals at the
option of the lessor or lessee) of one year or more (but does not include any amounts
payable under Capitalized Leases of such Person). 

        “Reportable
Event” means a reportable event as defined in Section 4043 of ERISA and the
regulations issued under such section, with respect to a Plan, excluding, however, such
events as to which the PBGC has by regulation waived the requirement of Section 4043(a) of
ERISA that it be notified within 30 days of the occurrence of such event, provided,
however, that a failure to meet the minimum funding standard of Section 412 of the
Code and of Section 302 of ERISA shall be a Reportable Event regardless of the issuance of
any such waiver of the notice requirement in accordance with either Section 4043(a) of
ERISA or Section 412(d) of the Code. 

        “Required
Lenders” means, as of the date of determination thereof, Lenders having, in the
aggregate, Percentages of at least 51%; provided, however, that, if any of
the Lenders shall have failed to fund its Revolving Loan Percentage of (i) any Revolving
Loan requested by any Borrower, (ii) any Revolving Loans required to be made in connection
with reimbursement for any LC Obligations, or (iii) any participation in any Swing Line
Loan as requested by the Agent, which such Lenders are obligated to fund under the terms
of this Agreement and any such failure has not been cured, then for so long as such
failure continues, “Required Lenders” means Lenders (excluding all
Lenders whose failure to fund their respective Revolving Loan Percentages of such
Revolving Loans or to purchase participations have not been so cured) whose Percentages
equal at least 51% of the aggregate Percentages of such Lenders; provided,
further, however, that, if the Commitments have been terminated pursuant to
the terms of this Agreement, “Required Lenders” means Lenders (without
regard to such Lenders’ performance of their respective obligations hereunder) in the
aggregate holding at least 51% of the Aggregate Outstanding Credit Exposure. 

        “Required
Revolving Lenders” means, as of the date of determination thereof, Revolving
Lenders having, in the aggregate, Revolving Loan Percentages of at least 51%;
provided, however, that, if any of the Revolving Loan Lenders shall have
failed to fund its Revolving Loan Percentage of (i) any Revolving Loan requested by any
Borrower, (ii) any Revolving Loans required to be made in connection with reimbursement
for any LC Obligations, or (iii) any participation in any Swing Line Loan as requested by
the Agent, which such Lenders are obligated to fund under the terms of this Agreement and
any such failure has not been cured, then for so long as such failure continues,
“Required Revolving Lenders” means Revolving Loan Lenders (excluding all
Revolving Loan Lenders whose failure to fund their respective Revolving Loan Percentages
of such Revolving Loans or to purchase participations have not 

23

been so cured) whose
Revolving Loan Percentages equal at least 51%, such Revolving Loan Percentages being
calculated without giving effect to the Commitments of and Obligations to such excluded
Revolving Loan Lenders. 

        “Reserve
Requirement” means, with respect to and during a Eurocurrency Interest Period,
the maximum aggregate reserve requirements imposed on Eurocurrency liabilities (including
all basic, supplemental, marginal and other reserves), including without limitation
Regulation D. For purposes of this definition, all Eurocurrency Loans shall be deemed to
be “Eurocurrency liabilities” as defined in Regulation D. 

        “Revolving
Credit Availability” means, at any particular time, the amount by which (i) the
Aggregate Revolving Loan Commitment at such time exceeds (ii) the Dollar Amount of the
Revolving Credit Obligations outstanding at such time. 

        “Revolving
Credit Obligations” means, at any particular time, the sum of (i) the Dollar
Amount of the Revolving Loans outstanding at such time, plus (ii) the amount of the
Swing Line Loans outstanding at such time, plus (iii) the Dollar Amount of LC
Obligations outstanding at such time. 

        “Revolving
Loan” is defined in Section 2.1(a). 

        “Revolving Loan
Commitment” means, for each Revolving Loan Lender, the obligation of such
Revolving Loan Lender to make Revolving Loans and to purchase participations in Facility
LCs and to participate in Swing Line Loans in an amount not exceeding the amount set forth
opposite its name on Schedule 1 hereto under the heading “Revolving Loan
Commitment” or in the Assignment Agreement by which it became a Revolving Loan
Lender, as such amount may be modified from time to time pursuant to the terms of this
Agreement, or to give effect to any applicable Assignment Agreement. 

        “Revolving
Loan Facility” means the portion of the credit facility evidenced by this
Agreement consisting of the several Revolving Loans, Swing Line Loans and Facility LCs. 

        “Revolving
Loan Lender” means any Lender with a Revolving Loan Commitment. 

        “Revolving Loan
Percentage” means, with respect to any Revolving Loan Lender, the percentage
obtained by dividing (A) the amount of such Revolving Loan Lender’s Revolving Loan
Commitment (as adjusted from time to time in accordance with the provisions of this
Agreement) by (B) the Aggregate Revolving Loan Commitment at such time; provided,
however, if all of the Commitments are terminated pursuant to the terms of this
Agreement, then “Revolving Loan Percentage” means the percentage obtained by
dividing (i) the sum of (a) the Dollar Amount of such Revolving Loan Lender’s
Revolving Loans, plus (b) such Revolving Loan Lender’s share of the obligation
to purchase participations in Swing Line Loans, plus (c) such Revolving Loan
Lender’s share of the obligation to purchase participations in Facility LCs by (ii)
the sum of (a) the aggregate Dollar Amount of all Revolving Loans, plus (b) the
aggregate amount of all Swing Line Loans, plus (c) the aggregate outstanding Dollar
Amount of all Letters of Credit. 

24

        “Revolving
Loan Termination Date” means September 1, 2009. 

        “Risk-Based
Capital Guidelines” is defined in Section 3.2. 

        “Section”
means a numbered section of this Agreement, unless another document is specifically
referenced. 

        “Selling
Lender” is defined in Section 2.27(b) hereof. 

        “Senior
Subordinated Notes” means the Borrower’s 8% Senior Subordinated Notes due
2013 and issued in May 2005 in an aggregate principal amount of $125,000,000, as such
amount is reduced and repaid from time to time. 

        “Single
Employer Plan” means a Plan maintained by the Borrower or any member of the
Controlled Group for employees of the Borrower or any member of the Controlled Group. 

        “SPV”
means any special purpose entity established for the purpose of purchasing Receivables in
connection with a receivables securitization transaction permitted under the terms of this
Agreement. 

        “Subsidiary”
of a Person means (i) any corporation more than 50% of the outstanding securities having
ordinary voting power of which shall at the time be owned or controlled, directly or
indirectly, by such Person or by one or more of its Subsidiaries or by such Person and one
or more of its Subsidiaries, or (ii) any partnership, limited liability company,
association, joint venture or similar business organization more than 50% of the ownership
interests having ordinary voting power of which shall at the time be so owned or
controlled. Unless otherwise expressly provided, all references herein to a
“Subsidiary” shall mean a Subsidiary of the Borrower. 

        “Subsidiary
Guaranty” means a Guaranty, substantially in the form of Exhibit C hereto,
duly executed and delivered by each Domestic Subsidiary of the Borrower to and in favor of
the Agent, the LC Issuer and the Lenders, as it may from time to time be amended,
supplemented or otherwise modified. 

        “Substantial
Portion” means, with respect to the Property of any Person and its Subsidiaries,
Property which (i) represents more than 10% of the consolidated assets of such Person and
its Subsidiaries as would be shown in the consolidated financial statements of such Person
and its Subsidiaries as at the beginning of the twelve-month period ending with the month
in which such determination is made, or (ii) is responsible for more than 10% of the
consolidated net sales or of the consolidated net income of such Person and its
Subsidiaries as reflected in the financial statements referred to in clause (i)
above. 

        “Swing
Line Commitment” means the obligation of the Swing Line Lender to make Swing Line
Loans up to a maximum principal amount of $20,000,000 at any one time outstanding. 

25

        “Swing
Line Lender” means JPMorgan.

        “Swing
Line Loan” means a Loan made available to the Borrower by the Swing Line Lender
pursuant to Section 2.2(a) hereof. 

        “Target”
means Thomas Industries Inc., a Delaware corporation. 

        “Tax
Restructuring” means the transactions outlined on Schedule 1(d) hereof,
including all interim non-material steps necessary to achieve each such step and all
non-material deviations from such steps so long as (i) such transactions are consummated
on terms reasonably satisfactory to the Agent and (ii) the Borrower delivers such Credit
Documents, and within such time periods, as are reasonably requested by the Agent in order
to comply with this Agreement. For purposes of this definition, a “non-material”
step or deviation shall mean any step or deviation, as reasonably determined by the Agent
and the Borrower, from the steps outlined in Schedule 1(d) hereto, that does not
reduce the amount of security provided to the Lenders under the Credit Documents. 

        “Term
Loan” is defined in Section 2.3(a) hereof. 

        “Term Loan
Commitment” means, for each Lender, the obligation of such Lender to make its
Term Loan pursuant to the terms and conditions of this Agreement, and which shall not
exceed the principal amount set forth opposite its name on Schedule 1 hereto under
the heading “Term Loan Commitment,” as such amount may be modified from time to
time pursuant to the terms hereof. 

        “Term
Loan Facility” means the portion of the credit facility evidenced by this
Agreement consisting of the Term Loans. 

        “
Term Loan Facility  Arrangers”  means J.P.  Morgan  Securities  Inc. and Bear Stearns & Co. Inc. as joint
lead arrangers of the Term Loan Facility.

        “Term
Loan Final Maturity Date” means the fifth anniversary of the Initial Funding
Date. 

        “Term
Loan Lender” means any Lender with a Term Loan Commitment. 

        “Term Loan
Percentage” means, with respect to any Term Loan Lender, (i) at any time prior to
the Initial Funding Date, the percentage obtained by dividing (A) such Term Loan
Lender’s Term Loan Commitment by (B) the Aggregate Term Loan Commitment, and
(ii) at any time after the Initial Funding Date, the percentage obtained by dividing (A)
the sum of such Term Loan Lender’s Term Loans at such time by (B) the sum of the
aggregate amount of all of the Term Loans at such time. 

        “Thomas
Industries Acquisition” means the Acquisition by the Borrower of all of the
issued and outstanding equity interests in the Target pursuant to the Thomas Industries
Acquisition Merger Agreement. 

26

        “Thomas
Industries Acquisition Merger Agreement” means the Agreement and Plan of Merger
dated as of March 8, 2005 among the Borrower, PT Acquisition Corporation (a special
purpose Domestic Subsidiary) and the Target, pursuant to which such special purpose
Domestic Subsidiary will be merged with and into the Target in order to consummate the
Thomas Industries Acquisition. 

        “Transferee”
is defined in Section 12.4. 

        “Type”
means, with respect to any Advance or Loan, its nature as a Floating Rate Advance or
Floating Rate Loan, as applicable, or a Eurocurrency Advance or Eurocurrency Loan. 

        “Unfunded
Liabilities” means the amount (if any) by which the present value of all vested
nonforfeitable benefits under all Single Employer Plans exceeds the fair market value of
all such Plan assets allocable to such benefits, all determined as of the then most recent
valuation date for such Plans, but only to the extent that such excess represents a
potential liability of the Borrower or a member of the Controlled Group to the PBGC or
such Plan under Title IV of ERISA. 

        “Unmatured
Default” means an event which but for the lapse of time or the giving of notice,
or both, would constitute a Default. 

        “Wholly-Owned
Subsidiary” of a Person means (i) any Subsidiary all of the outstanding voting
securities (except securities required as directors’ qualifying shares) of which
shall at the time be owned or controlled, directly or indirectly, by such Person or one or
more Wholly-Owned Subsidiaries of such Person, or by such Person and one or more
Wholly-Owned Subsidiaries of such Person, or (ii) any partnership, association, joint
venture or similar business organization 100% of the ownership interests having ordinary
voting power of which shall at the time be so owned or controlled. 

        The
foregoing definitions shall be equally applicable to both the singular and plural forms of
the defined terms. 

ARTICLE II:     THE CREDITS

        2.1     
               Revolving Loans. (a) Amount of Revolving Loans. Prior to the
               Initial Funding Date, certain revolving loans were previously made to the
               Borrower under the Existing Credit Agreement which remain outstanding as of the
               date hereof and additional revolving loans may be made thereunder prior to the
               Initial Funding Date and, subject to the terms and conditions hereof, the
               parties hereto acknowledge and agree that, on the Initial Funding Date, the
               terms of all outstanding revolving loans made pursuant to the Existing Credit
               Agreement will be restated in their entirety by, and shall be re-evidenced as
               Revolving Loans under, this Agreement. Upon the satisfaction of the conditions
               precedent contained in Section 4.1, Section 4.3, and, with
               respect to the Non-U.S. Subsidiary Borrowers, Section 4.2, from and
               including the Initial Funding Date and prior to the Revolving Loan Termination
               Date (or, if earlier, the date of termination in whole of the Aggregate
               Revolving Loan Commitment pursuant to Section 2.7 hereof or the
               Commitments 

27

pursuant to Section 8.1 hereof), each Revolving Loan Lender
               severally agrees, on the terms and conditions set forth in this Agreement, to
               make revolving loans to the applicable Borrower from time to time in Agreed
               Currencies in an aggregate Dollar Amount with respect to any such Loan not to
               exceed such Lender’s Revolving Loan Percentage of Revolving Credit
               Availability, or, if less, such Lender’s Revolving Loan Commitment, at such
               time (each individually, a “Revolving Loan” and, collectively,
               the “Revolving Loans”); provided, however, that
               (i) at no time shall the Revolving Credit Obligations exceed the Aggregate
               Revolving Loan Commitment, (ii) upon giving effect to each Revolving Loan, the
               aggregate outstanding principal Dollar Amount of all Eurocurrency Advances and
               Facility LCs in Agreed Currencies other than Dollars shall not exceed the
               Maximum Foreign Currency Amount and (iii) upon giving effect to each Revolving
               Loan, the aggregate outstanding principal Dollar Amount of all Revolving Loans
               and Facility LCs made to or issued for the account of the Non-U.S. Subsidiary
               Borrowers shall not exceed the Maximum Non-U.S. Subsidiary Borrower Amount.
               Subject to the terms of this Agreement, a Borrower may borrow, repay and
               reborrow Revolving Loans at any time prior to the Revolving Loan Termination
               Date (or, if earlier, the date of termination in whole of the Aggregate
               Revolving Loan Commitment pursuant to Section 2.7 hereof or the
               Commitments pursuant to Section 8.1 hereof). The Revolving Loan
               Commitments to lend hereunder shall expire on the Revolving Loan Termination
               Date (or, if earlier, the date of termination in whole of the Aggregate
               Revolving Loan Commitment pursuant to Section 2.7 hereof or the
               Commitments pursuant to Section 8.1 hereof). On the Revolving Loan
               Termination Date (or, if earlier, the date of termination in whole of the
               Aggregate Revolving Loan Commitment pursuant to Section 2.7 hereof or the
               Commitments pursuant to Section 8.1 hereof), each Borrower shall repay in
               full the outstanding principal balance of its Revolving Loans (it being
               understood and agreed that each Non-U.S. Subsidiary Borrower shall be liable
               only to repay Loans made to such Non-U.S. Subsidiary Borrower). Each Advance
               under this Section 2.1 shall consist of Revolving Loans made by each
               Revolving Loan Lender ratably in proportion to such Lender’s Revolving Loan
               Percentage. 

             
(b)     Dollar Equivalent Calculations. For so long as the aggregate outstanding
               amount of Revolving Loans, Swing Line Loans and the Aggregate Outstanding LC
               Exposure is less than 95% of the Aggregate Revolving Loan Commitment, the Dollar
               Amount of each Eurocurrency Advance and Facility LC in an Agreed Currency other
               than Dollars for all purposes under this Agreement (other than
               Section 2.25) shall be the Dollar Amount thereof as of the date such
               Eurocurrency Advance was made or Facility LC was issued. For so long as the
               aggregate outstanding amount of Revolving Loans, Swing Line Loans and the
               Aggregate Outstanding LC Exposure is equal to or greater than 95% of the
               Aggregate Revolving Loan Commitment, the Agent shall determine the Dollar Amount
               of all Eurocurrency Advances and Facility LCs in Agreed Currencies other than
               Dollars as of the first Business Day in each week, and the availability of Loans
               and Facility LCs under this Agreement shall be determined on the basis of such
               Dollar Amount most recently determined. 

             
(c)     Borrowing Notice. In connection with each Revolving Loan request, the
               applicable Borrower shall deliver to the Agent a Borrowing Notice, signed by it,
               in accordance with the terms of Section 2.9. 

28

             
(d)     Making of Revolving Loans. Promptly after receipt of the Borrowing Notice
               under Section 2.9 in respect of Revolving Loans, the Agent shall notify
               each Revolving Loan Lender with a Revolving Loan Commitment greater than zero by
               telecopy, or other similar form of transmission, of the requested Revolving
               Loan. Each Revolving Loan Lender with a Revolving Loan Commitment greater than
               zero shall make available its Revolving Loan in accordance with the terms of
               Section 2.9 and the Agent will promptly make the funds so received from
               the Revolving Loan Lenders available to the applicable Borrower in accordance
               with Section 2.9. The failure of any Revolving Loan Lender to
               deposit the amount described above with the Agent on the applicable Borrowing
               Date shall not relieve any other Revolving Loan Lender of its obligations
               hereunder to make its Revolving Loan on such Borrowing Date. 

        2.2     
               Swing Line Loans. (a) Amount of Swing Line Loans. Upon the
               satisfaction of the conditions precedent set forth in Section 4.1 and
               4.3, from and including the Initial Funding Date and prior to the
               Revolving Loan Termination Date (or, if earlier, the date of termination in
               whole of the Aggregate Revolving Loan Commitment pursuant to Section 2.7
               hereof or the Commitments pursuant to Section 8.1 hereof), the Swing Line
               Lender agrees, on the terms and conditions set forth in this Agreement, to make
               swing line loans to the Borrower (but not to any Non-U.S. Subsidiary Borrower)
               from time to time, in Dollars, in an aggregate amount outstanding at any time
               not to exceed the Swing Line Commitment (each, individually, a “Swing
               Line Loan” and collectively, the “Swing Line Loans”);
               provided, however, that at no time shall the amount of Revolving
               Credit Obligations exceed the Aggregate Revolving Loan Commitment; and
               provided, further, that at no time shall the sum of (a) the
               outstanding amount of the Swing Line Loans made by the Swing Line Lender and not
               risk participated to other Revolving Loan Lenders in accordance with
               Section 2.2(d) of this Agreement, plus (b) the outstanding
               amount of Revolving Loans made by the Swing Line Lender pursuant to Section
               2.1 (after giving effect to any concurrent repayment of Loans) plus
               (c) the Swing Line Lender’s Outstanding LC Exposure, exceed the Swing Line
               Lender’s Revolving Commitment at such time. Subject to the terms of this
               Agreement, the Borrower may borrow, repay and reborrow Swing Line Loans at any
               time prior to the Revolving Loan Termination Date (or, if earlier, the date of
               termination in whole of the Aggregate Revolving Loan Commitment pursuant to
               Section 2.7 hereof or the Commitments pursuant to Section 8.1
               hereof). 

             (b)
     Borrowing Notice; Applicable Interest Rate; Minimums. The Borrower shall
               deliver to the Agent and the Swing Line Lender a Borrowing Notice, signed by it,
               not later than 11:00 a.m. (Chicago time) on the Borrowing Date of each Swing
               Line Loan, specifying (i) the applicable Credit Extension Date (which shall be a
               Business Day), and (ii) the aggregate amount of the requested Swing Line Loan.
               The Swing Line Loans shall bear interest at such rate as shall have been agreed
               to between the Borrower and the Swing Line Lender or, if no such rate has been
               agreed to, at the Floating Rate but, in any case, shall otherwise be subject to
               the terms applicable to Floating Rate Loans hereunder. The Swing Line Loans
               shall be in an amount not less than $250,000 and multiples of $100,000 in excess
               thereof. 

             (c)     
               Making of Swing Line Loans. Promptly after receipt of the Borrowing
               Notice under Section 2.2(b) in respect of Swing Line Loans, the Agent
               shall notify each Revolving Loan Lender by telex or telecopy, or other similar
               form of transmission, of the requested Swing Line 

29

Loan. Not later than 2:00 p.m.
               (Chicago time) on the applicable Borrowing Date, the Swing Line Lender shall
               make available its Swing Line Loan, in funds immediately available in Chicago to
               the Agent at its address specified pursuant to Article XIV. The Agent
               will promptly make the funds so received from the Swing Line Lender available to
               the Borrower at the Agent’s aforesaid address. 

             (d)     
               Repayment of Swing Line Loans. Each Swing Line Loan shall be paid in full
               by the Borrower on or before the fifth (5th) Business Day after the
               Borrowing Date for such Swing Line Loan (it being understood and agreed that no
               Non-U.S. Subsidiary Borrower shall be liable to repay any Swing Line Loans). The
               Borrower may at any time repay or prepay, without penalty or premium, all
               outstanding Swing Line Loans or, in a minimum amount of $100,000 (with
               increments of $100,000 in excess thereof), any portion of the outstanding Swing
               Line Loans, upon notice to the Agent and the Swing Line Lender. In addition, the
               Agent (i) may at any time in its sole discretion with respect to any
               outstanding Swing Line Loan, or (ii) shall on the fifth (5th)
               Business Day after the Borrowing Date of any Swing Line Loan, require each
               Revolving Loan Lender (including the Swing Line Lender in its capacity as a
               Revolving Loan Lender) to make a Revolving Loan under Section 2.1 in the
               amount of such Revolving Loan Lender’s Revolving Loan Percentage of such
               Swing Line Loan, for the purpose of repaying such Swing Line Loan. Not later
               than 3:00 p.m. (Chicago time) on the date of any notice received pursuant to
               this Section 2.2(d), each Revolving Loan Lender shall make available its
               required Revolving Loan or Revolving Loans, in funds immediately available in
               Chicago to the Agent at its address specified pursuant to Article XIV.
               Revolving Loans made pursuant to this Section 2.2(d) shall be
               Floating Rate Loans. Unless a Revolving Loan Lender shall have notified the
               Swing Line Lender, prior to its making any Swing Line Loan, that any applicable
               condition precedent set forth in Section 4.1 or 4.3 had not then
               been satisfied, such Revolving Loan Lender’s obligation to make Revolving
               Loans pursuant to this Section 2.2(d) to repay Swing Line Loans shall be
               unconditional, continuing, irrevocable and absolute and shall not be affected by
               any circumstances, including, without limitation, (A) any set-off, counterclaim,
               recoupment, defense or other right which such Revolving Loan Lender may have
               against the Agent, the Swing Line Lender or any other Person, (B) the occurrence
               or continuance of a Default or Unmatured Default, (C) any adverse change in the
               condition (financial or otherwise) of the Borrower or any of its Subsidiaries,
               or (D) any other circumstances, happening or event whatsoever. In the event that
               any Revolving Loan Lender fails to make payment to the Agent of any amount due
               under this Section 2.2(d), the Agent shall be entitled to receive, retain
               and apply against such obligation the principal and interest otherwise payable
               to such Revolving Loan Lender hereunder until the Agent receives such payment
               from such Revolving Loan Lender or such obligation is otherwise fully satisfied.
               In addition to the foregoing, if for any reason any Revolving Loan Lender fails
               to make payment to the Agent of any amount due under this Section 2.2(d),
               such Revolving Loan Lender shall be deemed, at the option of the Agent, to have
               unconditionally and irrevocably purchased from the Swing Line Lender, without
               recourse or warranty, an undivided interest and participation in the applicable
               Swing Line Loan in the amount of such Revolving Loan, and such interest and
               participation may be recovered from such Revolving Loan Lender together with
               interest thereon at the Federal Funds Effective Rate for each day during the
               period commencing on the date of demand and ending on the date such amount is
               received. On the Revolving Loan Termination Date (or, if earlier, the date of

30

termination in whole of the Aggregate Revolving Loan Commitment pursuant to
               Section 2.7 hereof or the Commitments pursuant to Section 8.1
               hereof), the Borrower shall repay in full the outstanding principal balance of
               the Swing Line Loans (it being understood and agreed that no Non-U.S. Subsidiary
               Borrower shall be liable to repay any Swing Line Loans). 

        2.3     
               Term Loans. 

             (a)     
               Generally. Prior to the Initial Funding Date, certain term loans were
               previously made by certain of the Lenders to the Borrower under the Existing
               Credit Agreement and, subject to the terms and conditions hereof, the parties
               hereto acknowledge and agree that, on the Initial Funding Date, such term loans
               will be repaid (with the proceeds of the hereinafter-defined Term Loans) in
               their entirety by, and shall be re-evidenced as, Term Loans under, this
               Agreement. Subject to the terms and conditions set forth in this Agreement, each
               Term Loan Lender on the Initial Funding Date severally agrees to make on the
               Initial Funding Date a term loan in Dollars to the Borrower in an aggregate
               amount equal to such Lender’s Term Loan Commitment (each individually, a
               “Term Loan” and, collectively, the “Term
               Loans”). All Term Loans shall be made by the Term Loan
               Lenders on the Initial Funding Date simultaneously and proportionately to their
               respective Term Loan Percentages, it being understood that no Term Loan Lender
               shall be responsible for any failure by any other Term Loan Lender to perform
               its obligation to make any Term Loan hereunder nor shall the Term Loan
               Commitment of any Term Loan Lender be increased or decreased as a result of any
               such failure. 

             (b)     
               Borrowing Notice. The Borrower shall execute and deliver to the Agent a
               Borrowing Notice on the Initial Funding Date. Such Borrowing Notice shall
               specify (i) the aggregate amount of the Term Loans being requested (which shall
               be equal to the Aggregate Term Loan Commitment) and (ii) instructions for the
               disbursement of proceeds of such Term Loans. Any Borrowing Notice given pursuant
               to this Section 2.3(b) shall be irrevocable. 

             (c)     
               Making of Term Loans. Promptly after receipt of the Borrowing Notice
               under Section 2.3(b) in respect of the Term Loans, the Agent shall notify
               each Term Loan Lender by telecopy, or other similar form of transmission, of the
               proposed Advance. Each Term Loan Lender shall deposit an amount equal to its
               Term Loan Percentage of the Term Loans with the Agent at its office in Chicago,
               Illinois, in immediately available funds, on the Initial Funding Date, as
               specified in the Borrowing Notice. Subject to the fulfillment of the conditions
               precedent set forth in Sections 4.1 and 4.3, as applicable, the
               Agent shall make the proceeds of such amounts received by it available to the
               Borrower at the Agent’s office in Chicago, Illinois on such date and shall
               disburse such proceeds in accordance with the Borrower’s disbursement
               instructions set forth in such Borrowing Notice. The failure of any Term Loan
               Lender to deposit the amount described above with the Agent on such date shall
               not relieve any other Term Loan Lender of its obligations hereunder to make its
               Term Loan on such date. 

             (d)     
               Repayment of the Term Loans. 

          	(i) 	  	
               The Term Loans shall be repaid in nineteen (19) consecutive quarterly
               installments on the dates set forth below and one (1) final installment on the
               Term 

               

31

          	 	  	
Loan Final Maturity Date (it being understood and agreed that no Non-U.S.
               Subsidiary Borrower shall be liable to repay any Term Loans). Each payment shall
               be due and payable on the last Business Day of the applicable calendar quarter.
               The first Term Loan installment shall be due and payable on the last Business
               Day of the first calendar quarter-end after the Initial Funding Date and such
               installments shall continue on the last Business Day of each calendar quarter
               thereafter through and including the Term Loan Final Maturity Date. The Term
               Loans shall be permanently reduced by the amount of each installment on the date
               payment thereof is made hereunder. The installments shall be in the aggregate
               amounts set forth below: 

               

	  	Calendar Quarter
 Ending Afterthe Initial
 Funding Date: 	  	Installment Amount Due and Payable on the Last
 Business Day of such Calendar Quarter:

		 	First	 	$  4,750,000	 
		 	Second	 	$  4,750,000	 
		 	Third	 	$  4,750,000	 
		 	Fourth	 	$  4,750,000	 
		 	Fifth	 	$  9,500,000	 
		 	Sith	 	$  9,500,000	 
		 	Seventh	 	$  9,500,000	 
		 	Eighth	 	$  9,500,000	 
		 	Ninth	 	$14,250,000	 
		 	Tenth	 	$14,250,000	 
		 	Eleventh	 	$14,250,000	 
		 	Twelfth	 	$14,250,000	 
		 	Thirteenth	 	$23,750,000	 
		 	Fourteenth	 	$23,750,000	 
		 	Fifteenth	 	$23,750,000	 
		 	Siteenth	 	$23,750,000	 
		 	Seventeenth	 	$42,750,000	 
		 	Eighteenth	 	$42,750,000	 
		 	Nineteenth	 	$42,750,000	 
		 	Term Loan Final
 Maturity Date	 	Balance of the Term Loans

                       No
installment of any Term Loan shall be reborrowed once repaid. 

             (e)     
               Voluntary Prepayments. In addition to the scheduled payments on the Term
               Loans, the Borrower may make the voluntary prepayments described in Section
               2.4(b), with such prepayments applied ratably to reduce all outstanding
               installments under the Term Loans. 

32

        2.4     
               Repayments and Prepayments of Advances. 

             (a)    
               Repayment at Maturity. Any outstanding Advances and Loans (other than the
               Term Loans) and all other unpaid Obligations shall be paid in full by the
               applicable Borrower on the Revolving Loan Termination Date (or, if earlier, the
               date of termination in whole of the Aggregate Revolving Loan Commitment pursuant
               to Section 2.7 hereof or the Commitments pursuant to Section 8.1
               hereof) (it being understood and agreed that each Non-U.S. Subsidiary Borrower
               shall be obligated to repay only the Loans made to it and to pay only the other
               Obligations incurred by it). 

        (b)     
               Optional Prepayments. Subject to Section 3.4 and the requirements
               of this Section 2.4(b), any Borrower may (a) following notice given to
               the Agent by such Borrower, by not later than 10:00 a.m. (Chicago time) one
               Business Day prior to the date of the proposed prepayment, such notice
               specifying the aggregate principal amount of and the proposed date of the
               prepayment (the “Prepayment Notice”), and if such notice is
               given such Borrower shall, prepay in an aggregate minimum amount of $3,000,000
               the outstanding principal amounts of the Floating Rate Loans comprising part of
               the same Advance in whole or ratably in part without penalty or premium and (b)
               following notice given to the Agent by any Borrower by not later than 10:00 a.m.
               (Chicago time) on, if the Advance to be prepaid is a Eurocurrency Advance, the
               third Business Day preceding the date of the proposed prepayment, such notice
               specifying the Eurocurrency Advance to be prepaid and the proposed date of the
               prepayment, and, if such notice is given, such Borrower shall, prepay in a
               minimum amount of $3,000,000 and in multiples of $1,000,000 in excess thereof
               the outstanding principal amounts of the Eurocurrency Loans comprising a
               Eurocurrency Advance without penalty or premium, except as otherwise provided in
               Section 3.4, together with accrued interest to the date of such
               prepayment on the principal amount prepaid. 

             (c)     
               Mandatory Prepayments. 

          	(i) 	  	
               Generally. If at any time, (a) the Dollar Amount of the Revolving
               Credit Obligations exceeds 105% of the Aggregate Revolving Loan Commitment,
               (b) the Dollar Amount of all Eurocurrency Loans and Facility LCs in Agreed
               Currencies other than Dollars exceeds 105% of the Maximum Foreign Currency
               Amount (utilizing the exchange rates determined in accordance with Section
               2.1), (c) the aggregate amount of the outstanding Swing Line Loans
               exceeds 105% of the Swing Line Commitment or (d) the Dollar Amount of
               Revolving Loans and Facility LCs made to or issued for the account of the
               Non-U.S. Subsidiary Borrowers exceeds 105% of the Maximum Non-U.S. Subsidiary
               Borrower Amount, the applicable Borrower for the ratable benefit of the
               Revolving Loan Lenders shall immediately prepay Revolving Loans (to be applied
               to such Loans as the applicable Borrower shall direct at the time of such
               payment) in an aggregate amount such that after giving effect thereto
               (w) the Dollar Amount of the Revolving Credit Obligations is less than or
               equal to the Aggregate Revolving Loan Commitment, (x) the Dollar Amount of
               all Eurocurrency Loans and Facility LCs in Agreed Currencies other than Dollars
               is less than or equal to the Maximum Foreign Currency Amount, (y) the amount of
               outstanding Swing Line Loans is less than or equal to the Swing Line Commitment
               and (z) the Dollar Amount of Revolving Loans and Facility LCs made 

               

33

          		  	to or issued
               for the account of the Non-U.S. Subsidiary Borrowers is less than or equal to
               the Maximum Non-U.S. Subsidiary Borrower Amount (it being understood and agreed
               that no Non-U.S. Subsidiary Borrower shall be liable for any Loans made to, or
               Obligations incurred by, the Borrower). 

               

          	(ii) 	  	
               Asset Sales. Upon the consummation of any Asset Sale by the Borrower or
               any Subsidiary, within three (3) Business Days after the Borrower’s or any
               of its Subsidiaries’ receipt of any Net Cash Proceeds (or conversion
               to cash of non-cash proceeds (whether principal or interest and including
               securities and release of escrow arrangements)) from any such Asset Sale, the
               Borrower shall make a mandatory prepayment of the Loans and cash collateralize
               the Reimbursement Obligations, subject to the provisions governing the
               application of payments set forth in Section 2.4(d), in an amount equal to the
               Relevant Prepayment Percentage of such Net Cash Proceeds. 

               

          	(iii) 	  	
               Financings. Upon the consummation of any Financing by the Borrower or any
               Subsidiary, within three (3) Business Days after the Borrower’s or any of
               its Subsidiaries’ receipt of any Net Cash Proceeds from any such Financing,
               the Borrower shall make a mandatory prepayment of the Loans and cash
               collateralize the Reimbursement Obligations, subject to the provisions governing
               the application of payments set forth in Section 2.4(d), in an amount equal to
               the Relevant Prepayment Percentage of such Net Cash Proceeds. 

               

             (d)     
               Subject to the terms and conditions of this Agreement, any amount paid or
               prepaid before the Revolving Loan Termination Date (or, if earlier, the date of
               termination in whole of the Aggregate Revolving Loan Commitment pursuant to
               Section 2.7 hereof or the Commitments pursuant to Section 8.1
               hereof) pursuant to Section 2.4(c)(i) with respect to Loans (other than
               the Term Loans) may be borrowed, repaid and borrowed again prior to the
               Revolving Loan Termination Date (or, if earlier, the date of termination in
               whole of the Aggregate Revolving Loan Commitment pursuant to Section 2.7
               hereof or the Commitments pursuant to Section 8.1 hereof).
               Notwithstanding the foregoing, (i) each mandatory prepayment and cash
               collateralization required by clauses (ii) and (iii) of Section
               2.4(c) (a “Designated Prepayment”) shall be applied (i)
               first to repay the then remaining installments of the Term Loans and in
               the inverse order of maturity, (ii) second, upon repayment in full of the
               Term Loans, to prepay the Revolving Loans then outstanding and (iii) upon
               repayment in full of the Revolving Loans, to cash collateralize the
               Reimbursement Obligations as contemplated by Section 2.23(m). Designated
               Prepayments of Loans shall first be applied to Floating Rate Loans and to any
               Eurocurrency Loans maturing on such date and then to subsequently maturing
               Eurodollar Rate Loans in order of maturity. Designated Prepayments of Revolving
               Loans and Reimbursement Obligations shall be accompanied by a permanent
               reduction and termination, on a Dollar for Dollar basis, in the amount of the
               Aggregate Revolving Loan Commitment ratably among the Revolving Loan Lenders. 

        2.5     
               Ratable Loans. Each Advance hereunder shall consist of Loans made from
               the several Lenders ratably in proportion to their respective Revolving Loan
               Percentages or Term Loan Percentages, as applicable. 

34

        2.6     
               Types of Advances. The Advances may be Floating Rate Advances or
               Eurocurrency Advances, or a combination thereof, selected by the applicable
               Borrower in accordance with Sections 2.8 and 2.9. 

        2.7     
               Facility Fee; Commitment Fee; Reductions in Aggregate Revolving Loan
               Commitment. 

             (a)     
               The Borrowers agree to pay to the Agent for the pro rata account of the
               Revolving Loan Lenders according to their Percentages (except as set forth in
               Section 8.2), a facility fee (the “Facility Fee”)
               accruing at the rate of the Applicable Facility Fee per annum based on the
               Aggregate Revolving Loan Commitment (without regards to usage thereof), from
               Initial Funding Date to and including the Revolving Loan Termination Date,
               payable on each Payment Date after the Initial Funding Date and on the Revolving
               Loan Termination Date (it being understood and agreed that no Non-U.S.
               Subsidiary Borrower shall be liable to pay any Facility Fees determined to be
               attributable to the Borrower). 

             (b)     
               The Borrower agrees to pay to the Agent for the pro rata account of certain Term
               Loan Lenders according to their Commitment Fee Percentages (except as set forth
               in Section 8.2), a commitment fee (the “Commitment Fee”)
               accruing at the rate of 0.375% per annum based on $230,000,000, from the date
               hereof to (but not including) the Initial Funding Date, payable on the last
               Business Day of each calendar quarter (to the extent occurring prior to the
               Initial Funding Date) and on the Initial Funding Date, commencing on the first
               calendar quarter-end occurring after the date hereof (it being understood and
               agreed that no Non-U.S. Subsidiary Borrower shall be liable to pay any
               Commitment Fees). Schedule 1(b) identifies the relevant Term Loan Lenders
               entitled to the Commitment Fees and the amount of their Term Loan Commitment in
               respect of which such Commitment Fees shall be payable. 

             (c)     
               The Borrower may permanently reduce the Aggregate Revolving Loan Commitment in
               whole, or in part, ratably among the Revolving Loan Lenders in integral
               multiples of $5,000,000 upon at least three Business Days’ written notice
               to the Agent, which notice shall specify the amount of any such reduction (the
               “Aggregate Revolving Loan Commitment Reduction Notice”);
               provided, that the amount of the Aggregate Revolving Loan Commitment may not
               be reduced below the Dollar Amount of the Aggregate Outstanding Credit Exposure
               not attributable to Term Loans. All accrued Facility Fees shall be payable on
               the effective date of any termination of the Revolving Loan Commitments of the
               Revolving Loan Lenders and the obligation of the Borrowers to pay facility fees
               with respect to any Revolving Loan Commitments shall terminate on the date of
               any termination of the Revolving Loan Commitments. 

        2.8     
               Minimum Amount of Each Advance; Maximum Interest Periods. Each
               Eurocurrency Advance shall be in the minimum amount of $3,000,000 or the
               Approximate Equivalent Amount of any Agreed Currency other than Dollars (and in
               multiples of $1,000,000 or the Approximate Equivalent Amount of any Agreed
               Currency other than Dollars if in excess thereof), and each Floating Rate
               Advance (other than an Advance to repay Swing Line Loans or Reimbursement
               Obligations) shall be in the minimum amount of $3,000,000 (and a multiple of

35

$1,000,000 if in excess thereof); provided, that any Floating Rate
               Advance may be in the amount of the Revolving Credit Availability. In addition,
               the Borrowers shall select Eurocurrency Interest Periods under Sections
               2.9 and 2.10 so that no more than ten (10) Eurocurrency Interest
               Periods shall be outstanding at any one time. 

        2.9     
               Method of Selecting New Advances. The applicable Borrower shall select
               the Type of Advance and, in the case of each Eurocurrency Advance, the
               Eurocurrency Interest Period and Agreed Currency applicable to each Advance from
               time to time. The applicable Borrower shall give the Agent irrevocable notice (a
               “Borrowing Notice”) or, in the case of any Non-U.S. Subsidiary
               Borrower, the Borrower may give the Agent a Borrowing Notice on its behalf, by
               telephone or telefax not later than 11:00 a.m. (Chicago time) (i) on the
               proposed Borrowing Date of each Floating Rate Advance, (ii) three Business Days
               before the Borrowing Date for each Eurocurrency Advance in Dollars and (iii)
               four Business Days before the Borrowing Date for each Eurocurrency Advance in an
               Agreed Currency other than Dollars, specifying: 

          	(i) 	  	
               the applicable Borrower; 

               

          	(ii) 	  	
               Borrowing Date, which shall be a Business Day, of such Advance, 

               

          	(iii) 	  	
               the aggregate amount of such Advance, 

               

          	(iv) 	  	
               the Type of Advance selected, and 

               

          	(v) 	  	
               in the case of each Eurocurrency Advance, the Agreed Currency and the
               Eurocurrency Interest Period applicable thereto. 

               

With respect to the Term Loans, the
Borrower may not select a Eurocurrency Interest Period that ends after the Term Loan Final
Maturity Date. With respect to the Revolving Loans, the applicable Borrower may not select
a Eurocurrency Interest Period that ends after the Revolving Loan Termination Date. Not
later than (i) 1:00 p.m. (Chicago time) on each Borrowing Date with respect to Floating
Rate Advances and (ii) noon (Chicago time) on each Borrowing Date for Eurocurrency
Advances, each Lender shall make available its Loan or Loans, in funds immediately
available funds in the Agreed Currency to the Agent at its address specified pursuant to
Article XIII, unless the Agent has notified the Lenders that such Loan is to be
made available to the applicable Borrower at the Agent’s Eurocurrency Payment Office,
in which case each Lender shall make available its Loan or Loans, in funds immediately
available to the Agent at its Eurocurrency Payment Office, not later than 1:00 p.m. (local
time in the city of the Agent’s Eurocurrency Payment Office) in the Agreed Currency
designated by the Agent. The Agent will make the funds so received from the Lenders
available to the applicable Borrower at the Agent’s aforesaid address. 

        2.10     
               Conversion and Continuation of Outstanding Advances. Floating Rate
               Advances shall continue as Floating Rate Advances unless and until such Floating
               Rate Advances are converted into Eurocurrency Advances. Each Eurocurrency
               Advance shall continue as a Eurocurrency Advance of such Type until the end of
               the then applicable Eurocurrency Interest Period therefor, at which time such
               Eurocurrency Advance (other than Eurocurrency Advances 

36

in Agreed Currencies
               other than Dollars) shall be automatically converted into a Floating Rate
               Advance unless the applicable Borrower shall have given the Agent a
               Conversion/Continuation Notice (which, in the case of a Non-U.S. Subsidiary
               Borrower, may be delivered by the Borrower on its behalf), in accordance with
               the terms of this Section 2.10 requesting that, at the end of such
               Eurocurrency Interest Period, such Eurocurrency Advance continue as a
               Eurocurrency Advance for the same or another Eurocurrency Interest Period.
               Unless a Conversion/Continuation Notice shall have timely been given in
               accordance with the terms of this Section 2.10, Eurocurrency Advances in
               an Agreed Currency other than Dollars shall automatically continue as
               Eurocurrency Advances in the same Agreed Currency with an Eurocurrency Interest
               Period of one (1) month. Subject to the terms of Section 2.8, the
               applicable Borrower may elect from time to time to convert all or any part of
               the Term Loans or the Revolving Loans from any Type into any other Type of Loan
               or Types of Loans; provided that any conversion of any Eurocurrency
               Advance shall be made on, and only on, the last day of the Eurocurrency Interest
               Period applicable thereto. The applicable Borrower shall give the Agent
               irrevocable notice (a “Conversion/Continuation Notice”) or, in
               the case of a Non-U.S. Subsidiary Borrower, the Borrower may give the Agent a
               Conversion/Continuation Notice on its behalf, of each conversion of a Floating
               Rate Advance into a Eurocurrency Advance or continuation of a Eurocurrency
               Advance not later than 10:00 a.m. (Chicago time) at least (a) three Business
               Days prior to the date of the requested conversion or continuation of a
               Eurocurrency Advance in Dollars and (b) four Business Days prior to the date of
               the requested conversion or continuation of a Eurocurrency Advance in an Agreed
               Currency other than Dollars, specifying in each case: 

          	(i) 	  	
               the requested date, which shall be a Business Day, of such conversion or
               continuation; 

               

          	(ii) 	  	
               the aggregate amount and Type of the Advance which is to be converted or
               continued; and 

               

          	(iii) 	  	
               the amount and Type(s) of Advance(s) into which such Advance is to be converted
               or continued and, in the case of a conversion into or continuation of a
               Eurocurrency Advance, the duration of the Eurocurrency Interest Period
               applicable thereto. 

               

Notwithstanding anything herein to
the contrary, Eurocurrency Advances in an Agreed Currency may be converted and/or
continued as Eurocurrency Advances only in the same Agreed Currency. Promptly after
receipt of any Conversion/Continuation Notice, the Agent shall provide the Lenders with
notice thereof. 

        2.11     
               Changes in Interest Rate, etc. Each Floating Rate Advance and Swing Line
               Loan shall bear interest on the outstanding principal amount thereof, for each
               day from and including the date such Advance or Swing Line Loan is made or, in
               the case of a Floating Rate Advance, is converted from a Eurocurrency Advance
               into a Floating Rate Advance pursuant to Section 2.10 to but excluding
               the date it becomes due or, in the case of a Floating Rate Advance, is converted
               into a Eurocurrency Advance pursuant to Section 2.10 hereof, at a rate
               per annum equal to the 

37

Floating Rate for such day or, in the case of the Swing
               Line Loans, such other rate as may have been agreed to between the Borrower and
               the Swing Line Lender. Changes in the rate of interest on that portion of any
               Advance maintained as a Floating Rate Advance and each Swing Line Loan bearing
               interest by reference to the Floating Rate will take effect simultaneously with
               each change in the Alternate Base Rate and with each change in the Applicable
               Margin. Each Eurocurrency Advance shall bear interest from and including the
               first day of the Eurocurrency Interest Period applicable thereto to (but not
               including) the last day of such Eurocurrency Interest Period at the Eurocurrency
               Rate determined as applicable to such Eurocurrency Advance. Changes in the rate
               of interest on any Eurocurrency Advance will take effect simultaneously with
               each change in the Applicable Margin. No Eurocurrency Interest Period with
               respect to Revolving Loans may end after the Revolving Loan Termination Date
               (or, if earlier, the date of termination in whole of the Aggregate Revolving
               Loan Commitment pursuant to Section 2.7 hereof or the Commitments
               pursuant to Section 8.1 hereof). 

        2.12     
               Rates Applicable After Default. Notwithstanding anything to the contrary
               contained in Section 2.9 or 2.10, during the continuance of a
               Default or Unmatured Default the Required Revolving Lenders may, at their
               option, by notice to the Borrowers, declare that no Advance may be made as,
               converted into or continued as a Eurocurrency Advance. During the continuance of
               any Default under Section 7.2, the Required Lenders may, at their option,
               by notice to the Borrowers, declare that (i) each Advance shall bear interest at
               a rate per annum equal to the Floating Rate plus 2% per annum and (ii) each of
               the Applicable Commercial Facility LC Fee, Applicable Facility Fee, Applicable
               Facility LC Fronting Fee and Applicable Stand-by Facility LC Fee shall be
               increased by 2% above the percentage rate per annum otherwise applicable
               thereto. 

        2.13     
               Method of Payment. All payments of the Obligations hereunder shall be
               made, without setoff, deduction, or counterclaim, to the Agent (i) at the
               Agent’s address specified pursuant to Article XIII in immediately
               available funds with respect to Advances or other Obligations denominated in
               Dollars and (ii) at the Agent’s Eurocurrency Payment Office in immediately
               available funds with respect to any Advance or other Obligations denominated in
               an Agreed Currency other than Dollars, or at any other Lending Installation of
               the Agent specified in writing by the Agent to the Borrowers, by noon (local
               time) on the date when due and shall be applied ratably by the Agent among the
               relevant Lenders (unless such amount is not to be shared ratably in accordance
               with the express terms hereof). Any payment received by the Agent after such
               time shall be deemed to have been received on the next Business Day. Each
               Advance shall be repaid or prepaid in the Agreed Currency in which it was made
               in the amount borrowed and interest payable thereon shall also be paid in such
               Agreed Currency. Each payment delivered to the Agent for the account of any
               Lender shall be delivered promptly by the Agent to such Lender in the same type
               of funds that the Agent received at its address specified pursuant to Article
               XIII or at any Lending Installation specified in a notice received by the
               Agent from such Lender. The Agent is hereby authorized to charge the account of
               the applicable Borrower maintained with JPMorgan for each payment of principal,
               interest and fees as it becomes due hereunder (it being understood and agreed
               that the Agent shall not charge the account of any Non-U.S. Subsidiary Borrower
               for any payment of principal or interest on Loans made to the Borrower, or for
               fees incurred by the Borrower). Any payment by any Borrower to the Agent for the
               account of the 

38

Lenders in accordance with the terms hereof shall, to the extent
               of such payment, discharge such Borrower’s obligation to make such payment
               to the Lenders. Each reference to the Agent in this Section 2.13 shall
               also be deemed to refer, and shall apply equally, to the LC Issuer, in the case
               of payments required to be made by any Borrower to the LC Issuer pursuant to
               Section 2.23. Notwithstanding the foregoing provisions of this Section,
               if, after the making of any Advance in any currency other than Dollars, currency
               control or exchange regulations are imposed in the country which issues such
               currency with the result that different types of such Agreed Currency (the
               “New Currency”) are introduced and the type of currency in
               which the Advance was made (the “Original Currency”) no longer
               exists or the applicable Borrower is not able to make payment to the Agent for
               the account of the Lenders in such Original Currency, then all payments to be
               made by such Borrower hereunder in such currency shall be made to the Agent in
               such amount and such type of the New Currency or Dollars as shall be equivalent
               to the amount of such payment otherwise due hereunder in the Original Currency,
               it being the intention of the parties hereto that the applicable Borrower take
               all risks of the imposition of any such currency control or exchange
               regulations. In addition, notwithstanding the foregoing provisions of this
               Section, if, after the making of any Advance in any currency other than Dollars,
               any Borrower is not able to make payment to the Agent for the account of the
               Lenders in the type of currency in which such Advance was made because of the
               imposition of any such currency control or exchange regulation, then such
               Advance shall instead be repaid when due in Dollars in a principal amount equal
               to the Dollar Amount (as of the date of repayment) of such Advance. 

        2.14     
               Noteless Agreement; Evidence of Indebtedness. 

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

               

          	(ii) 	  	
               The Agent shall also maintain accounts in which it will record (a) the amount of
               each Loan made hereunder, the Type thereof and the Eurocurrency Interest Period
               with respect thereto, (b) the amount of any principal or interest due and
               payable or to become due and payable from each Borrower, respectively, to each
               Lender hereunder and (c) the amount of any sum received by the Agent hereunder
               from each Borrower and each Lender’s share thereof. 

               

          	(iii) 	  	
               The entries maintained in the accounts maintained pursuant to paragraphs (i) and
               (ii) above shall be binding and conclusive evidence, absent manifest error, of
               the existence and amounts of the Obligations therein recorded; provided,
               however, that the failure of the Agent or any Lender to maintain such
               accounts or any error therein shall not in any manner affect the obligation of
               the applicable Borrower to repay the Obligations incurred by it in accordance
               with their terms. 

               

          	(iv) 	  	
               Any Lender may request that its Loans be evidenced by a promissory note in
               substantially the form of Exhibit D hereto. In such event, the Borrowers
               shall execute and deliver to such Lender promissory notes payable to the order
               of such Lender in a 

               

39

          		  	
form approved by the Agent and consistent with the terms of
               this Agreement. Thereafter, the Loans evidenced by such promissory notes and
               interest thereon shall at all times (including after any assignment pursuant to
               Section 12.3) be represented by one or more promissory notes payable to
               the order of the payee named therein or any assignee pursuant to Section 
               12.3, except to the extent that any such Lender or assignee subsequently returns
               any such promissory note for cancellation and requests that such Loans once
               again be evidenced as described in paragraphs (i) and (ii) above. 

               

        2.15     
               Telephonic Notices. Each Borrower hereby authorizes the Lenders and the
               Agent to extend, convert or continue Advances and Swing Line Loans, as
               applicable, effect selections of Types of Advances and to transfer funds based
               on telephonic notices made by any person or persons the Agent, the Swing Line
               Lender or any Lender in good faith believes to be an Authorized Officer of such
               Borrower. Each Borrower agrees to deliver promptly to the Agent a written
               confirmation, if such confirmation is requested by the Agent, the Swing Line
               Lender or any Lender, of each telephonic notice, signed by an Authorized
               Officer. If the written confirmation differs in any material respect from the
               action taken by the Agent, the Swing Line Lender and the Lenders, the records of
               the Agent, the Swing Line Lender and the Lenders shall govern absent manifest
               error. 

        2.16     
               Interest Payment Dates; Interest and Fee Basis. Interest accrued on each
               Floating Rate Advance and Swing Line Loan shall be payable on each Payment Date,
               commencing with the first such date to occur after the Initial Funding Date, on
               any date on which the Floating Rate Advance or Swing Line Loan is prepaid and at
               maturity (whether due to acceleration or otherwise). Interest accrued on that
               portion of the outstanding principal amount of any Floating Rate Advance
               converted into a Eurocurrency Advance on a day other than a Payment Date shall
               be payable on the date of conversion. Interest accrued on each Eurocurrency
               Advance shall be payable on the last day of its applicable Eurocurrency Interest
               Period, on any date on which the Eurocurrency Advance is prepaid, whether by
               acceleration or otherwise, and at maturity. Interest accrued on each
               Eurocurrency Advance having an Eurocurrency Interest Period longer than three
               months shall also be payable on the last Business Day of each three-month
               interval during such Eurocurrency Interest Period. Interest accrued on all Loans
               for which the Prime Rate is the basis shall be calculated for actual days
               elapsed on the basis of a year of 365 or, when appropriate, 366 days. Interest
               accrued on all Loans for which the Eurocurrency Rate is the basis and all fees
               shall be calculated for actual days elapsed on the basis of a year of 360 days,
               or, in the case of Loans denominated in currencies other than Dollars, such
               other basis as is consistent with market conditions in the applicable
               jurisdictions, in each case for actual days elapsed. Interest shall be payable
               for the day an Advance or Swing Line Loan is made but not for the day of any
               payment on the amount paid if payment is received prior to noon (local time) at
               the place of payment. If any payment of principal of or interest on an Advance
               or Swing Line Loan or any fee shall become due on a day which is not a Business
               Day, such payment shall be made on the next succeeding Business Day and, in the
               case of a principal payment, such extension of time shall be included in
               computing interest in connection with such payment. 

        2.17     
               Notification of Advances, Interest Rates, Prepayments and Commitment
               Reductions. The Agent will promptly notify each relevant Lender of the
               contents of each 

40

Aggregate Revolving Loan Commitment Reduction Notice, Borrowing
               Notice, Conversion/Continuation Notice, and Prepayment Notice received by it
               hereunder. The Agent will notify each Lender of the interest rate applicable to
               each Eurocurrency Advance promptly upon determination of such interest rate and
               will give each Borrower and each Lender prompt notice of each change in the
               Alternate Base Rate. 

        2.18     
               Lending Installations. Each Lender may book its Loans at any Lending
               Installation selected by such Lender and may change its Lending Installation
               from time to time. All terms of this Agreement shall apply to any such Lending
               Installation and any promissory notes requested to be issued hereunder shall be
               deemed held by each Lender for the benefit of such Lending Installation. Each
               Lender may, by written or facsimile notice to the Agent and the Borrowers,
               designate a Lending Installation through which Loans will be made by it and for
               whose account Loan payments and/or payments of LC Obligations are to be made. 

        2.19     
               Non-U.S. Subsidiary Borrowers. The Borrower may at any time during the
               term of this Agreement, with the consent of the Agent, add as a party to this
               Agreement not more than two First-Tier Foreign Subsidiaries to be “Non-U.S.
               Subsidiary Borrowers” hereunder by (a) the execution and delivery to the
               Agent of a duly completed Assumption Letter by such Subsidiary, with the written
               consent of the Borrower at the foot thereof and (b) the execution and delivery
               to the Agent of such other guaranties, security documents, pledge agreements,
               legal opinions from counsel and such other instruments and documents as may be
               reasonably required by the Agent. Upon such execution, delivery and consent,
               such Subsidiary shall for all purposes be a party hereto as a Non-U.S.
               Subsidiary Borrower as fully as if it had executed and delivered this Agreement. 

        2.20     
               Non-Receipt of Funds by the Agent. Unless any Borrower or a Lender, as
               the case may be, notifies the Agent prior to the date on which it is scheduled
               to make payment to the Agent of (i) in the case of a Lender, the proceeds of a
               Loan or (ii) in the case of any Borrower, a payment of principal, interest or
               fees to the Agent for the account of any of the Lenders or, in the case of the
               Borrower, the Swing Line Lender, that it does not intend to make such payment,
               the Agent may assume that such payment has been made. The Agent may, but shall
               not be obligated to, make the amount of such payment available to the intended
               recipient in reliance upon such assumption. If such Lender or such Borrower, as
               the case may be, has not in fact made such payment to the Agent, the recipient
               of such payment shall, on demand by the Agent, repay to the Agent the amount so
               made available together with interest thereon in respect of each day during the
               period commencing on the date such amount was so made available by the Agent
               until the date the Agent recovers such amount at a rate per annum equal to (i)
               in the case of payment by a Lender, the Federal Funds Effective Rate for such
               day or (ii) in the case of payment by such Borrower, the interest rate
               applicable to the relevant Loan. 

        2.21     
               Intentionally Omitted. 

        2.22     
               Withholding Tax Exemption. (i) At least five Business Days prior to the
               first date on which interest or fees are payable hereunder for the account of
               any Lender, each Lender that is not incorporated or otherwise organized under
               the laws of the United States of America, or a 

41

state thereof (a
               “Non-U.S. Lender”) agrees that it will deliver to each of the
               Borrower and the Agent two duly completed copies of United States Internal
               Revenue Service Form W-8BEN or W-8ECI, certifying in either case that such
               Non-U.S. Lender is entitled to receive payments under this Agreement without
               deduction or withholding of any United States federal income taxes, and
               (ii) deliver to each of the Borrower and the Agent a United States Internal
               Revenue Form W-8 or W-9, as the case may be, and certify that it is entitled to
               an exemption from United States backup withholding tax. Each Non-U.S. Lender
               further undertakes to deliver to each of the Borrower and the Agent (x) two
               renewals or additional copies of such form (or a successor form) on or before
               the date that such form expires or becomes obsolete, and (y) after the
               occurrence of any event requiring a change in the most recent forms so delivered
               by it, such amendments thereto as may be reasonably requested by the Borrower or
               the Agent. All forms or amendments described in the preceding sentence shall
               certify that such Lender is entitled to receive payments under this Agreement
               without deduction or withholding of any United States federal income taxes,
               unless an event (including without limitation any change in treaty, law
               or regulation) has occurred prior to the date on which any such delivery would
               otherwise be required which renders all such forms inapplicable or which would
               prevent such Non-U.S. Lender from duly completing and delivering any such form
               with respect to it and such Non-U.S. Lender advises the Borrower and the Agent
               that it is not capable of receiving payments without any deduction or
               withholding of United States federal income tax. For any period during which a
               Non-U.S. Lender has failed to provide the Borrower with an appropriate form
               pursuant to this Section 2.22, above (unless such failure is due to a
               change in treaty, law or regulation, or any change in the interpretation or
               administration thereof by any governmental authority, occurring subsequent to
               the date on which a form originally was required to be provided), such Non-U.S.
               Lender shall not be entitled to indemnification with respect to taxes imposed by
               the United States; provided that, should a Non-U.S. Lender which is otherwise
               exempt from or subject to a reduced rate of withholding tax become subject to
               taxes because of its failure to deliver a form required under this Section
               2.22, the Borrowers, respectively, shall take such steps as such Non-U.S.
               Lender shall reasonably request to assist such Non-U.S. Lender to recover such
               taxes. 

        2.23     
               Facility LCs. 

             (a)     
               The LC Issuer hereby agrees, on the terms and conditions set forth in this
               Agreement, to issue stand-by and commercial Facility LCs in Dollars or an Agreed
               Currency for the account of the applicable Borrower (each, a “Facility
               LC”) and to renew, extend, increase, decrease or otherwise modify each
               Facility LC (each a “Modification”), from time to time from and
               including the date of this Agreement and prior to the Revolving Loan Termination
               Date (or, if earlier, the date of termination in whole of the Aggregate
               Revolving Loan Commitment pursuant to Section 2.7 hereof or the
               Commitments pursuant to Section 8.1 hereof) upon the request of the
               applicable Borrower or, in the case of a Non-U.S. Subsidiary Borrower, upon the
               request of the Borrower on its behalf; provided, that immediately after
               each such Facility LC is issued or Modified, (i) the aggregate Dollar Amount of
               the outstanding LC Obligations shall not exceed $40,000,000, (ii) the
               Dollar Amount of all Eurocurrency Loans and Facility LCs in Agreed Currencies
               other than Dollars is less than or equal to the Maximum Foreign Currency Amount,
               (iii) the Revolving Credit Obligations shall not exceed the Aggregate
               Revolving Loan Commitment, (iv) the aggregate outstanding principal Dollar
               Amount of all Revolving Loans 

42

and Facility LCs made to or issued for the account
               of the Non-U.S. Subsidiary Borrowers shall not exceed the Maximum Non-U.S.
               Subsidiary Borrower Amount and (v) the conditions precedent set forth in
               Section 4.3 shall have been satisfied; provided, further,
               that if the applicable Borrower has requested a Lender other than JPMorgan to
               act as LC Issuer with respect to the issuance or Modification of a particular
               Facility LC, such issuance or Modification shall be made only in the sole
               discretion of such Lender. No Facility LC shall have an expiry date later than
               the day which is two years after the Revolving Loan Termination Date; provided
               that any Facility LC with a one-year term may provide for the renewal thereof
               for additional one-year periods (which in no event shall extend beyond the date
               which is two years after the Revolving Loan Termination Date). 

             (b)     
               On the Initial Funding Date with respect to the Existing LCs and upon the
               issuance or Modification by the LC Issuer of a Facility LC in accordance with
               this Section 2.23, the LC Issuer shall be deemed, without further action
               by any party hereto, to have sold to each Revolving Loan Lender, and each
               Revolving Loan Lender shall be deemed, without further action by any party
               hereto, to have purchased from the LC Issuer, a participation in such Facility
               LC (and each Modification thereof) and the related LC Obligations in an amount
               equal to the stated amount available for drawing under the applicable Facility
               LC and any such related LC Obligations, multiplied by such Revolving Loan
               Lender’s Revolving Loan Percentage, provided, however, that
               no Revolving Loan Lender’s participation shall extend to Reimbursement
               Obligations or amounts available for drawing under outstanding Facility LCs to
               the extent such Obligations and amounts have been cash collateralized in
               accordance with the terms of Section 2.23(m). Such participation shall
               constitute usage of each such Revolving Loan Lenders’ Revolving Loan
               Commitment. 

             (c)     
               Subject to subsection (a), the applicable Borrower (or in the case of a Non-U.S.
               Subsidiary Borrower, the Borrower on its behalf) shall give the LC Issuer notice
               prior to 10:00 a.m. (Chicago time) at least (i) three Business Days for Dollar
               denominated Facility LCs and (ii) five Business Days for Facility LCs
               denominated in any Agreed Currency other than Dollars prior to the proposed date
               of issuance or Modification of each Facility LC, specifying the beneficiary, the
               Agreed Currency in which the Facility LC is to be denominated, the proposed date
               of issuance (or Modification) and the expiry date of such Facility LC, and
               describing the proposed terms of such Facility LC and the nature of the
               transactions proposed to be supported thereby. Upon receipt of such notice, the
               LC Issuer shall promptly notify the Agent, and the Agent shall promptly notify
               each Lender, of the contents thereof and of the amount of such Lender’s
               participation in such proposed Facility LC. The issuance or Modification by the
               LC Issuer of any Facility LC shall, in addition to the conditions precedent set
               forth in Article IV (the satisfaction of which the LC Issuer shall have
               no duty to ascertain), be subject to the conditions precedent that such Facility
               LC shall be satisfactory to the LC Issuer and that the applicable Borrower shall
               have executed and delivered such application agreement and/or such other
               instruments and agreements relating to such Facility LC as the LC Issuer shall
               have reasonably requested (each, a “Facility LC Application
               Agreement”). In the event of any conflict between the terms of this
               Agreement and the terms of any Facility LC Application Agreement, the terms of
               this Agreement shall control. 

43

             (d)     
               The Borrowers shall pay to the Agent, for the account of the Revolving Loan
               Lenders ratably in accordance with their respective Revolving Loan Percentages
               (except as provided in Section 8.2), a letter of credit fee equal to (i)
               a percentage per annum equal to the Applicable Stand-by Facility LC Fee in
               effect from time to time on the average daily aggregate amount available for
               drawings under all stand-by Facility LCs outstanding during such quarter and
               (ii) a percentage per annum equal to the Applicable Commercial Facility LC Fee
               in effect from time to time on the average daily aggregate amount available for
               drawings under all commercial Facility LCs outstanding during such quarter (it
               being understood and agreed that a Non-U.S. Subsidiary Borrower shall be liable
               to pay such fees only with respect to Facility LCs issued for its account). Each
               such fee under clauses (i) and (ii) shall be payable in arrears on
               each Payment Date after the Initial Funding Date and on the Revolving Loan
               Termination Date (or, if earlier, the date of termination in whole of the
               Aggregate Revolving Loan Commitment pursuant to Section 2.7 hereof or the
               Commitments pursuant to Section 8.1 hereof). The applicable Borrower
               shall pay to the LC Issuer on the date of issuance of each Facility LC, a
               Facility LC fronting fee equal to the Applicable Facility LC Fronting Fee of the
               stated amount available for drawing under each such Facility LC, and such
               additional fees and expenses relating to the issuance, Modification, and payment
               of Facility LCs in the amounts and at the times agreed between the Borrower and
               the LC Issuer (it being understood and agreed that a Non-U.S. Subsidiary
               Borrower shall be liable to pay such fronting fee only with respect to Facility
               LCs issued for its account). The LC Issuer shall furnish to the Agent upon
               request its calculations with respect to the amount of any fee payable under
               this subsection (d). 

             (e)     
               Upon receipt from the beneficiary of any Facility LC of any demand for payment
               under such Facility LC, the LC Issuer shall notify the Agent and the Agent shall
               promptly notify the applicable Borrower and each other Revolving Loan Lender as
               to the amount to be paid by the LC Issuer as a result of such demand and the
               proposed payment date (the “LC Payment Date”). The
               responsibility of the LC Issuer to the applicable Borrower and each Revolving
               Loan Lender shall be only to determine that the documents (including each demand
               for payment) delivered under each Facility LC in connection with such
               presentment shall be in conformity in all material respects with such Facility
               LC. The LC Issuer shall endeavor to exercise the same care in the issuance and
               administration of the Facility LCs as it does with respect to letters of credit
               in which no participations are granted, it being understood that in the absence
               of any gross negligence or willful misconduct by the LC Issuer, each Revolving
               Loan Lender shall be unconditionally and irrevocably liable without regard to
               the occurrence of any Default or any condition precedent whatsoever, to
               reimburse the LC Issuer on demand for (i) such Revolving Loan Lender’s
               Revolving Loan Percentage of the amount of each payment made by the LC Issuer
               under each Facility LC to the extent such amount is not reimbursed by the
               applicable Borrower pursuant to subsection (f) below plus (ii) interest on
               the foregoing amount to be reimbursed by such Revolving Loan Lender, for each
               day from the date of the LC Issuer’s demand for such reimbursement (or, if
               such demand is made after 11:00 a.m. (Chicago time) on such date, from the next
               succeeding Business Day) to the date on which such Revolving Loan Lender pays
               the amount to be reimbursed by it, at a rate of interest per annum equal to the
               Federal Funds Effective Rate for such day; provided, however, that
               upon any such demand by the LC Issuer for reimbursement from the Revolving Loan
               Lenders of the amounts described in clauses (i) and
               (ii) above (the “LC Reimbursement Amounts”), the LC
               Reimbursement 

44

Amounts shall be immediately and automatically converted to and
               redenominated in Dollars equal to the Dollar Amount of such LC Reimbursement
               Amounts determined as of the date of such conversion. 

             (f)     
               The applicable Borrower shall be irrevocably and unconditionally obligated to
               reimburse the LC Issuer on or by the applicable LC Payment Date for any amounts
               to be paid by the LC Issuer upon any drawing under any Facility LC, without
               presentment, demand, protest or other formalities of any kind (it being
               understood and agreed that no Non-U.S. Subsidiary Borrower shall be liable to
               reimburse any LC Issuer for any amounts attributable to drawings under Facility
               LCs issued for the account of the Borrower); provided, that neither the
               Borrowers nor any Revolving Loan Lender shall hereby be precluded from asserting
               any claim for direct (but not consequential) damages suffered by the applicable
               Borrower or such Revolving Loan Lender to the extent, but only to the extent,
               caused by (i) the willful misconduct or gross negligence of the LC Issuer in
               determining whether a request presented under any Facility LC issued by it
               complied with the terms of such Facility LC or (ii) the LC Issuer’s failure
               to pay under any Facility LC issued by it after the presentation to it of a
               request strictly complying with the terms and conditions of such Facility LC.
               All such amounts paid by the LC Issuer and remaining unpaid by the applicable
               Borrower after the applicable LC Payment Date shall bear interest, payable on
               demand, for each day until paid, at a rate per annum equal to the sum of 2% plus
               the rate applicable to Floating Rate Advances for such day. The LC Issuer will
               pay to each Revolving Loan Lender ratably in accordance with its Revolving Loan
               Percentage all amounts received by it from the applicable Borrower for
               application in payment, in whole or in part, of the Reimbursement Obligation in
               respect of any Facility LC issued by the LC Issuer, but only to the extent such
               Revolving Loan Lender has made payment to the LC Issuer in respect of such
               Facility LC pursuant to subsection (e). Subject to the terms and conditions
               of this Agreement (including without limitation the submission of a Borrowing
               Notice in compliance with Section 2.9 and the satisfaction of the
               applicable conditions precedent set forth in Article IV), any Borrower
               may request an Advance or, in the case of the Borrower only, a Swing Line Loan
               hereunder for the purpose of satisfying any Reimbursement Obligation. 

             (g)     
               If after the Initial Funding Date, the adoption of any applicable law, rule or
               regulation, or any change in any applicable law, rule or regulation, or any
               change in the interpretation or administration thereof by any governmental
               authority, central bank or comparable agency charged with the interpretation or
               administration thereof, or compliance by the LC Issuer or any Revolving Loan
               Lender with any request or directive (whether or not having the force of law) of
               any such authority, central bank or comparable agency shall impose, modify or
               deem applicable any tax, reserve, special deposit or similar requirement against
               or with respect to or measured by reference to Facility LCs issued or to be
               issued hereunder or participation therein, and the result shall be to increase
               the cost to the LC Issuer or any Revolving Loan Lender of issuing or maintaining
               any Facility LC or any participation therein, or reduce any amount receivable
               hereunder by the LC Issuer or any Revolving Loan Lender in respect of any
               Facility LC (which increase in cost, or reduction in amount receivable, shall be
               the result of such Revolving Loan Lender’s or the LC Issuer’s
               reasonable allocation of the aggregate of such increases or reductions resulting
               from such event), then, upon demand by the LC Issuer or such Revolving Loan
               Lender, each Borrower agrees, as applicable, to pay to the LC Issuer or 

45

such
               Revolving Loan Lender, from time to time as specified by the LC Issuer or such
               Revolving Loan Lender, such additional amounts as shall be sufficient to
               compensate the LC Issuer or such Revolving Loan Lender for such increased costs
               or reductions in amounts received by the LC Issuer or such Revolving Loan Lender
               (it being understood and agreed that no Non-U.S. Subsidiary Borrower shall be
               liable to compensate any LC Issuer for any such costs or reductions in amounts
               received with respect to Facility LCs issued for the account of the Borrower). A
               certificate of the LC Issuer or such Revolving Loan Lender submitted by the LC
               Issuer or such Revolving Loan Lender to the applicable Borrower shall be
               conclusive as to the amount thereof in the absence of manifest error. 

             (h)     
               The Borrowers’ obligations under this Section 2.23 shall be absolute
               and unconditional under any and all circumstances and irrespective of any set
               off, counterclaim or defense to payment which the applicable Borrower may have
               or have had against the LC Issuer, any Revolving Loan Lender or any beneficiary
               of a Facility LC. Each Borrower further agrees with the LC Issuer and the
               Revolving Loan Lenders that the LC Issuer and the Revolving Loan Lenders shall
               not be responsible for, and such Borrower’s Reimbursement Obligation in
               respect of any Facility LC shall not be affected by, among other things, the
               validity or genuineness of documents or of any endorsements thereon, even if
               such documents should in fact prove to be in any or all respects invalid,
               fraudulent or forged, or any dispute between or among such Borrower, any of its
               Subsidiaries, the beneficiary of any Facility LC or any financing institution or
               other party to whom any Facility LC may be transferred or any claims or defenses
               whatsoever of such Borrower or of any of its Subsidiaries against the
               beneficiary of any Facility LC or any such transferee. Absent willful misconduct
               or gross negligence, the LC Issuer shall not be liable for any error, omission,
               interruption or delay in transmission, dispatch or delivery of any message or
               advice, however transmitted, in connection with any Facility LC. Each Borrower
               agrees that any action taken or omitted by the LC Issuer or any Revolving Loan
               Lender under or in connection with each Facility LC and the related drafts and
               documents, if done without gross negligence or willful misconduct, shall be
               binding upon such Borrower and shall not put the LC Issuer or any Revolving Loan
               Lender under any liability to such Borrower. Nothing in this subsection (h) is
               intended to limit the right of any Borrower to make a claim against the LC
               Issuer for damages as contemplated by the proviso to the first sentence of
               subsection (f) above. 

             (i)     
               To the extent not inconsistent with subsection (h) above, the LC Issuer shall be
               entitled to rely, and shall be fully protected in relying upon, any Facility LC,
               draft, writing, resolution, notice, consent, certificate, affidavit, letter,
               cablegram, telegram, telecopy, telex or teletype message, statement, order or
               other document believed by it to be genuine and correct and to have been signed,
               sent or made by the proper Person or Persons, and upon advice and statements of
               legal counsel, independent accountants and other experts selected by the LC
               Issuer. The LC Issuer shall be fully justified in failing or refusing to take
               any action under this Agreement unless it shall first have received such advice
               or concurrence of the Required Revolving Loan Lenders as it reasonably deems
               appropriate or it shall first be indemnified to its reasonable satisfaction by
               the Revolving Loan Lenders against any and all liability and expense which may
               be incurred by it by reason of taking or continuing to take any such action.
               Notwithstanding any other provision of this Section 2.23, the LC Issuer
               shall in all cases be fully protected in acting, or in refraining from acting,
               under this Agreement in accordance with a 

46

request of the Required Revolving
               Lenders (or all of the Lenders, if required hereunder), and such request and any
               action taken or failure to act pursuant thereto shall be binding upon the
               Revolving Loan Lenders and all future holders of participations in any Facility
               LCs. 

             (j)     
               Each Borrower hereby agrees to indemnify and hold harmless each Lender, the LC
               Issuer and the Agent, and their respective directors, officers, agents and
               employees from and against any and all claims and damages, losses, liabilities,
               costs or expenses which such Lender, the LC Issuer or the Agent may incur (or
               which may be claimed against such Lender, the LC Issuer or the Agent by any
               Person whatsoever) by reason of or in connection with the execution and delivery
               or transfer of or payment or failure to pay under any Facility LC or any actual
               or proposed use of any Facility LC, including, without limitation, any claims,
               damages, losses, liabilities, costs or expenses which the LC Issuer may incur by
               reason of or in connection with (i) the failure of any other Lender to
               fulfill or comply with its obligations to the LC Issuer hereunder (but nothing
               herein contained shall affect any rights such Borrower may have against any
               defaulting Lender) or (ii) by reason of or on account of the LC Issuer
               issuing any Facility LC which specifies that the term “Beneficiary”
               included therein includes any successor by operation of law of the named
               Beneficiary, but which Facility LC does not require that any drawing by any such
               successor Beneficiary be accompanied by a copy of a legal document, satisfactory
               to the LC Issuer, evidencing the appointment of such successor Beneficiary (it
               being understood and agreed that no Non-U.S. Subsidiary Borrower shall be liable
               pursuant to this subsection (j) with respect to any Facility LCs issued for
               the account of the Borrower); provided, that such Borrower shall not be
               required to indemnify the LC Issuer for any claims, damages, losses,
               liabilities, costs or expenses to the extent, but only to the extent, caused by
               (i) the willful misconduct or gross negligence of the LC Issuer in determining
               whether a request presented under any Facility LC complied with the terms of
               such Facility LC or (ii) the LC Issuer’s failure to pay under any Facility
               LC after the presentation to it of a request strictly complying with the terms
               and conditions of such Facility LC. Nothing in this subsection (j) is intended
               to limit the obligations of any Borrower under any other provision of this
               Agreement. 

             (k)     
               Each Revolving Loan Lender shall, ratably in accordance with its Revolving Loan
               Percentage, indemnify the LC Issuer, its affiliates and their respective
               directors, officers, agents and employees (to the extent not reimbursed by the
               applicable Borrower) against any cost, expense (including reasonable counsel
               fees and disbursements), claim, demand, action, loss or liability (except such
               as result from such indemnitees’ gross negligence or willful misconduct or
               the LC Issuer’s failure to pay under any Facility LC after the presentation
               to it of a request strictly complying with the terms and conditions of the
               Facility LC) that such indemnitees may suffer or incur in connection with this
               Section 2.23 or any action taken or omitted by such indemnitees
               hereunder. 

             (l)     
               In its capacity as a Lender, the LC Issuer shall have the same rights and
               obligations as any other Lender. 

             (m)     
               Notwithstanding anything to the contrary herein or in any application for a
               Facility LC, the applicable Borrower shall, not later than the Revolving Loan
               Termination Date (or, if earlier, the date of termination in whole of the
               Aggregate Revolving Loan Commitment 

47

pursuant to Section 2.7 hereof or the
               Commitments pursuant to Section 8.1 hereof or otherwise to the extent
               required in connection with a Designated Prepayment pursuant to Section
               2.4(d) hereof) or on any earlier Business Day after the occurrence and
               during the continuance of a Default or Unmatured Default that it receives the
               Agent’s demand, deliver to the Agent for the benefit of the Revolving Loan
               Lenders and the LC Issuer, cash having a value, as determined by the Agent,
               equal to one hundred and five percent (105%) of each of the aggregate amount of
               the outstanding Reimbursement Obligations and the aggregate amount available for
               drawing under Facility LCs that are outstanding. Any such collateral shall be
               held by the Agent in a separate account appropriately designated as a cash
               collateral account in relation to this Agreement and the Facility LCs and
               retained by the Agent for the benefit of the Revolving Loan Lenders and the LC
               Issuer as collateral security for such Borrower’s obligations in respect of
               this Agreement and each of the Facility LCs and LC Drafts. Such amounts shall be
               applied to reimburse the LC Issuer for drawings or payments under or pursuant to
               Facility LCs or LC Drafts, or if no such reimbursement is required, to payment
               of such of the other Obligations as the Agent shall determine (it being
               understood and agreed that no Non-U.S. Subsidiary Borrower shall be required to
               provide collateral in connection with any Facility LCs issued for the account of
               the Borrower, nor shall any collateral provided by any Non-U.S. Subsidiary
               Borrower pursuant to this subsection (m) be applied toward drawings or
               payments under or in connection with Facility LCs issued for the account of the
               Borrower or Obligations incurred by the Borrower). Amounts remaining in any cash
               collateral account established pursuant to this Section 2.23 which are
               not to be applied to reimburse the Agent or any LC Issuer for amounts actually
               paid or to be paid by the Agent or any LC Issuer in respect of Obligations
               hereunder shall be promptly returned to the applicable Borrower upon the payment
               in full of all Obligations hereunder, after deduction of the Agent’s
               reasonable expenses incurred in connection with such cash collateral account. 

        2.24     
               Transitional Letter of Credit Provisions. From and after the Initial
               Funding Date, the Existing LCs shall be deemed to constitute Facility LCs issued
               pursuant to Section 2.23 in which the Revolving Loan Lenders participate.
               Fees shall accrue in respect of the Existing LCs as provided in Section
               2.23(d) beginning as of the Initial Funding Date. 

        2.25     
               Judgment Currency. If, for the purposes of obtaining judgment in any
               court, it is necessary to convert a sum due from any Borrower hereunder in the
               currency expressed to be payable herein (the “specified
               currency”) into another currency, the parties hereto agree, to the
               fullest extent that they may effectively do so, that the rate of exchange used
               shall be that at which in accordance with normal banking procedures the Agent
               could purchase the specified currency with such other currency at the
               Agent’s main office in Chicago, Illinois on the Business Day preceding that
               on which the final, non-appealable judgment is given. The obligations of the
               applicable Borrower in respect of any sum due to any Lender or the Agent
               hereunder shall, notwithstanding any judgment in a currency other than the
               specified currency, be discharged only to the extent that on the Business Day
               following receipt by such Lender or the Agent (as the case may be) of any sum
               adjudged to be so due in such other currency such Lender or the Agent (as the
               case may be) may in accordance with normal, reasonable banking procedures
               purchase the specified currency with such other currency. If the amount of the
               specified currency so purchased is less than the sum originally due to such
               Lender or the Agent, as the case may be, in the specified currency, such
               Borrower agrees, to the fullest extent that it may effectively do so, 

48

as a
               separate obligation and notwithstanding any such judgment, to indemnify such
               Lender or the Agent, as the case may be, against such loss, and if the amount of
               the specified currency so purchased exceeds (a) the sum originally due to any
               Lender or the Agent, as the case may be, in the specified currency and (b) any
               amounts shared with other Lenders as a result of allocations of such excess as a
               disproportionate payment to such Lender under Section 11.2, such Lender
               or the Agent, as the case may be, agrees to remit such excess to the applicable
               Borrower (it being understood and agreed that no Non-U.S. Subsidiary Borrower
               shall be liable under this Section 2.25 in connection with any
               Obligations incurred by the Borrower). 

        2.26     
               Market Disruption. Notwithstanding the satisfaction of all conditions
               referred to in Article II with respect to any Advance in any Agreed
               Currency other than Dollars, if there shall occur on or prior to the date of
               such Advance any change in national or international financial, political or
               economic conditions or currency exchange rates or exchange controls which would
               in the reasonable opinion of the applicable Borrower, the Agent or the Required
               Lenders make it impracticable for the Eurocurrency Loans comprising such Advance
               to be denominated in the Agreed Currency specified by the applicable Borrower,
               then the Agent shall forthwith give notice thereof to such Borrower and the
               Lenders or such Borrower shall give notice thereof to the Lenders, as the case
               may be, and such Eurocurrency Loans shall not be denominated in such currency
               but shall be made on such Borrowing Date in Dollars, in an aggregate principal
               amount equal to the Dollar Amount of the aggregate principal amount specified in
               the related Borrowing Notice, as Floating Rate Loans, unless the applicable
               Borrower notifies the Agent at least one Business Day before such date that (i)
               it elects not to borrow on such date or (ii) it elects to borrow on such date in
               a different Agreed Currency, as the case may be, in which the denomination of
               such Eurocurrency Loans would in the opinion of the Agent, the Required Lenders
               be practicable and in an aggregate principal amount equal to the Dollar Amount
               of the aggregate principal amount specified in the related Borrowing Notice. 

        2.27     
               Increase of Revolving Loan Commitments. (a) At any time, the Borrower may
               request that the Aggregate Revolving Loan Commitment be increased; provided
               that, without the prior written consent of all of the Revolving Loan Lenders,
               (i) the Aggregate Revolving Loan Commitment shall at no time exceed $325,000,000
               minus the aggregate amount of all reductions in the Aggregate Revolving Loan
               Commitment previously made pursuant to Section 2.4(d) and Section
               2.7; (ii) the Borrower shall not make any such request during the six month
               period following any reduction in the Aggregate Revolving Loan Commitment
               previously made pursuant to Section 2.7; (iii) the Borrower shall not be
               entitled to make any such request more frequently than once in each 12-month
               period; and (iv) each such request shall be in a minimum amount of at least
               $10,000,000 and increments of $5,000,000 in excess thereof. Such request shall
               be made in a written notice given to the Agent and the Revolving Loan Lenders by
               the Borrower not less than twenty (20) Business Days prior to the proposed
               effective date of such increase, which notice (a “Commitment Increase
               Notice”) shall specify the amount of the proposed increase in the
               Aggregate Revolving Loan Commitment and the proposed effective date of such
               increase. In the event of such a Commitment Increase Notice, each of the
               Revolving Loan Lenders shall be given the opportunity to participate in the
               requested increase ratably in proportions that their respective Revolving Loan
               Commitments bear to the Aggregate Revolving Loan Commitment. No Revolving Loan
               Lender shall have any obligation to increase 

49

its Revolving Loan Commitment
               pursuant to a Commitment Increase Notice. On or prior to the date that is ten
               (10) Business Days after receipt of the Commitment Increase Notice, each
               Revolving Loan Lender shall submit to the Agent a notice indicating the maximum
               amount by which it is willing to increase its Revolving Loan Commitment in
               connection with such Commitment Increase Notice (any such notice to the Agent
               being herein a “Lender Increase Notice”). Any Revolving Loan
               Lender which does not submit a Lender Increase Notice to the Agent prior to the
               expiration of such ten (10) Business Day period shall be deemed to have denied
               any increase in its Revolving Loan Commitment. In the event that the increases
               of Revolving Loan Commitments set forth in the Lender Increase Notices exceed
               the amount requested by the Borrower in the Commitment Increase Notice, the
               Agent and each Arranger shall have the right, in consultation with the Borrower,
               to allocate the amount of increases necessary to meet the Borrower’s
               Commitment Increase Notice. In the event that the Lender Increase Notices are
               less than the amount requested by the Borrower, the Agent shall so advise the
               Borrower not later than ten (10) Business Days prior to the proposed effective
               date, and not later than three (3) Business Days prior to the proposed effective
               date the Borrower may notify the Agent of any financial institution that shall
               have agreed to become a “Revolving Loan Lender” party hereto (a
               “Proposed New Lender”) in connection with the Commitment
               Increase Notice. Any Proposed New Lender shall be consented to by the Agent
               (which consent shall not be unreasonably withheld). If the Borrower shall not
               have arranged any Proposed New Lender(s) to commit to the shortfall from the
               Lender Increase Notices, then the Borrower shall be deemed to have reduced the
               amount of its Commitment Increase Notice to the aggregate amount set forth in
               the Lender Increase Notices. Based upon the Lender Increase Notices, any
               allocations made in connection therewith and any notice regarding any Proposed
               New Lender, if applicable, the Agent shall notify the Borrower and the Lenders
               on or before the Business Day immediately prior to the proposed effective date
               of the amount of each Lender’s and Proposed New Lenders’ Revolving
               Loan Commitment (the “Effective Commitment Amount”) and the
               amount of the Aggregate Revolving Loan Commitment, which amount shall be
               effective on the following Business Day. Any increase in the Aggregate Revolving
               Loan Commitment shall be subject to the following conditions precedent: (A) the
               Borrower shall have obtained the consent thereto of each Subsidiary party to the
               Subsidiary Guaranty (each, a “Guarantor”) and its reaffirmation of the
               Credit Document(s) executed by it, which consent and reaffirmation shall be in
               writing and in form and substance reasonably satisfactory to the Agent, (B) as
               of the date of the Commitment Increase Notice and as of the proposed effective
               date of the increase in the Aggregate Revolving Loan Commitment, all
               representations and warranties shall be true and correct in all material
               respects as though made on such date and no event shall have occurred and then
               be continuing which constitutes a Default or Unmatured Default, (C) the
               Borrower, the Agent and each Proposed New Lender or Revolving Loan Lender that
               shall have agreed to provide a “Revolving Loan Commitment” in support
               of such increase in the Aggregate Revolving Loan Commitment shall have executed
               and delivered a “Commitment and Acceptance” substantially in the form
               of Exhibit J hereto, (D) counsel for the Borrower and for the Guarantors
               shall have provided to the Agent supplemental opinions in form and substance
               reasonably satisfactory to the Agent and (E) the Borrower and the Proposed New
               Lender shall otherwise have executed and delivered such other instruments and
               documents as may be required under Article IV or that the Agent shall
               have reasonably requested in connection with such 

50

increase. If any fee shall be
               charged by the Revolving Loan Lenders in connection with any such increase, such
               fee shall be in accordance with then prevailing market conditions, which market
               conditions shall have been reasonably documented by the Agent to the Borrower.
               Upon satisfaction of the conditions precedent to any increase in the Aggregate
               Revolving Loan Commitment, the Agent shall promptly advise the Borrower and each
               Revolving Loan Lender of the effective date of such increase. Upon the effective
               date of any increase in the Aggregate Revolving Loan Commitment that is
               supported by a Proposed New Lender, such Proposed New Lender shall be a party to
               this Agreement as a Revolving Loan Lender and shall have the rights and
               obligations of a Revolving Loan Lender hereunder. Nothing contained herein shall
               constitute, or otherwise be deemed to be, a commitment on the part of any
               Revolving Loan Lender to increase its Revolving Loan Commitment at any time. 

                  (b)     
          For purposes of this clause (b), (A) the term “Buying
          Lender(s)” shall mean (1) each Revolving Loan Lender the Effective
          Commitment Amount of which is greater than its Revolving Loan Commitment prior
          to the effective date of any increase in the Aggregate Revolving Loan
          Commitment, and (2) each Proposed New Lender that is allocated an Effective
          Commitment Amount in connection with any Commitment Increase Notice and (B) the
          term “Selling Lender(s)” shall mean each Revolving Loan Lender
          whose Revolving Loan Commitment is not being increased from that in effect prior
          to such increase in the Aggregate Revolving Loan Commitment. Effective on the
          effective date of any increase in the Aggregate Revolving Loan Commitment
          pursuant to clause (a) above, each Selling Lender hereby sells, grants, assigns
          and conveys to each Buying Lender, without recourse, warranty, or representation
          of any kind, except as specifically provided herein, an undivided percentage in
          such Selling Lender’s right, title and interest in and to its Outstanding
          Credit Exposure in the respective Dollar Amounts and percentages necessary so
          that, from and after such sale, each such Selling Lender’s Outstanding
          Credit Exposure shall equal such Selling Lender’s Percentage (calculated
          based upon the Effective Commitment Amounts) of the Aggregate Outstanding Credit
          Exposure. Effective on the effective date of the increase in the Aggregate
          Revolving Loan Commitment pursuant to clause (a) above, each Buying Lender
          hereby purchases and accepts such grant, assignment and conveyance from the
          Selling Lenders. Each Buying Lender hereby agrees that its respective purchase
          price for the portion of the Outstanding Credit Exposure purchased hereby shall
          equal the respective Dollar Amount necessary so that, from and after such
          payments, each Buying Lender’s Outstanding Credit Exposure shall equal such
          Buying Lender’s Percentage (calculated based upon the Effective Commitment
          Amounts) of the Aggregate Outstanding Credit Exposure. Such amount shall be
          payable on the effective date of the increase in the Aggregate Revolving Loan
          Commitment by wire transfer of immediately available funds to the Agent. Each
          Selling Lender hereby represents and warrants to each Buying Lender that such
          Selling Lender owns the Outstanding Credit Exposure being sold and assigned
          hereby for its own account and has not sold, transferred or encumbered any or
          all of its interest in such Loans, except for participations which will be
          extinguished upon payment to Selling Lender of an amount equal to the portion of
          the Outstanding Credit Exposure being sold by such Selling Lender. Each Buying
          Lender hereby acknowledges and agrees that, except for each Selling
          Lender’s representations and warranties contained in the foregoing
          sentence, each such Buying Lender has entered into its Commitment and Acceptance
          with respect to such increase on the

51

 basis of its own independent investigation
          and has not relied upon, and will not rely upon, any explicit or implicit
          written or oral representation, warranty or other statement of the Lenders or
          the Agent concerning the authorization, execution, legality, validity,
          effectiveness, genuineness, enforceability or sufficiency of this Agreement or
          the other Credit Documents. The Borrower hereby agrees to compensate each
          Selling Lender for all losses, expenses and liabilities incurred by each Selling
          Lender in connection with the sale and assignment of any Eurocurrency Loan
          hereunder on the terms and in the manner as set forth in Section 3.4. 

ARTICLE III:     CHANGE IN CIRCUMSTANCES

        3.1     
               Yield Protection. If, after the date of this Agreement, the adoption of
               or change in, any law or any governmental or quasi-governmental rule,
               regulation, policy, guideline or directive (whether or not having the force of
               law), or any interpretation thereof, or the compliance of any Lender therewith, 

          	(i) 	  	
               subjects any Lender or any applicable Lending Installation to any tax, duty,
               charge or withholding on or from payments due from any Borrower (excluding
               taxation of the overall net income of any Lender or applicable Lending
               Installation), or changes the basis of taxation of payments to any Lender in
               respect of its Revolving Loan Commitment, Loans, LC Obligations or other amounts
               due it hereunder, or 

               

          	(ii) 	  	
               imposes or increases or deems applicable any reserve, assessment, insurance
               charge, special deposit or similar requirement against assets of, deposits with
               or for the account of, or credit extended by, any Lender or any applicable
               Lending Installation (other than reserves and assessments taken into account in
               determining the interest rate applicable to Eurocurrency Advances) in respect of
               its Revolving Loan Commitment, Loans, LC Obligations or other amounts due it
               hereunder, or 

               

          	(iii) 	  	
               imposes any other condition the result of which is to increase the cost to any
               Lender or any applicable Lending Installation of making, funding or maintaining
               its Revolving Loan Commitment, Loans or LC Obligations or reduces any amount
               receivable by any Lender or any applicable Lending Installation in connection
               with Loans under this Agreement or its LC Obligations, or requires any Lender or
               any applicable Lending Installation to make any payment calculated by reference
               to the amount of its Revolving Loan Commitment, Loans or LC Obligations held or
               interest received by it, by an amount deemed material by such Lender, 

               

then, within 15 days of demand by
such Lender, the applicable Borrower shall pay such Lender that portion of such increased
expense incurred or reduction in an amount received which such Lender determines is
attributable to making, funding and maintaining its Loans, LC Obligations and its
Revolving Loan Commitment. 

             3.2.     
          Changes in Capital Adequacy Regulations. If a Lender determines the
          amount of capital required or expected to be maintained by such Lender, any
          Lending Installation of such Lender or any corporation controlling such Lender
          is increased as a result of a “Change” (as 

52

defined below), then,
          within 15 days of demand by such Lender the applicable Borrower shall pay such
          Lender the amount necessary to compensate, on an after-tax basis, for any
          shortfall in the rate of return on the portion of such increased capital which
          such Lender reasonably determines is attributable to this Agreement, its
          Outstanding Credit Exposure or its Commitments (after taking into account such
          Lender’s policies as to capital adequacy and the Change).
          “Change” means (i) any change after the date of this Agreement
          in the “Risk-Based Capital Guidelines” (as defined below) or (ii) any
          adoption of or change in any other law, governmental or quasi-governmental rule,
          regulation, policy, guideline, interpretation, or directive (whether or not
          having the force of law) after the date of this Agreement which affects the
          amount of capital required or expected to be maintained by any Lender or any
          Lending Installation or any corporation controlling any Lender.
          “Risk-Based Capital Guidelines” means (i) the risk-based
          capital guidelines in effect in the United States on the date of this Agreement,
          including transition rules, and (ii) the corresponding capital regulations
          promulgated by regulatory authorities outside the United States implementing the
          July 1988 report of the Basel Committee on Banking Regulation and Supervisory
          Practices Entitled “International Convergence of Capital Measurements and
          Capital Standards,” including transition rules, and any amendments to such
          regulations adopted prior to the date of this Agreement. 

             3.3.     
          Availability of Types of Advances. If any Lender determines that
          maintenance of any of its Eurocurrency Loans at a suitable Lending Installation
          would violate any applicable law, rule, regulation or directive, whether or not
          having the force of law, such Lender shall promptly give notice thereof to the
          Borrowers and the Agent shall suspend the availability of Eurocurrency Advances
          and require any and all outstanding Eurocurrency Advances to be repaid. If the
          Required Lenders determine that (i) deposits of a type, currency or maturity
          appropriate to match fund Eurocurrency Advances are not available or (ii) the
          interest rate applicable to Eurocurrency Advances does not accurately reflect
          the cost of making Eurocurrency Advances, then the Agent shall promptly give
          notice thereof to the Borrowers and the Lenders shall suspend the availability
          of Eurocurrency Advances until such time as the circumstances giving rise to
          such suspension no longer exist. 

             3.4.     
          Funding Indemnification. If any payment of a Eurocurrency Advance occurs
          on a date which is not the last day of the applicable Eurocurrency Interest
          Period, whether because of acceleration, prepayment or otherwise (but excluding
          any such prepayment arising pursuant to Section 3.3), or a Eurocurrency
          Advance is not made or prepaid on the date specified by the applicable Borrower
          for any reason other than default by the Lenders, the applicable Borrower will
          indemnify each Lender for any loss or cost incurred by it resulting therefrom,
          including, without limitation, any loss or cost in liquidating or employing
          deposits acquired to fund or maintain such Advance. 

             3.5.     
          Lender Statements; Survival of Indemnity. To the extent reasonably
          possible, each Lender shall designate an alternate Lending Installation with
          respect to its Eurocurrency Loans to reduce any liability of any Borrower to
          such Lender under Sections 3.1 and 3.2 or to avoid the
          unavailability of a Type of Advance under Section 3.3, so long as such
          designation is not disadvantageous to such Lender. Each Lender shall deliver to
          the applicable Borrower a written statement of such Lender as to the amount due,
          if any, under Sections 3.1, 3.2 or 3.4. Such 

53

written
          statement shall set forth in reasonable detail the calculations upon which such
          Lender determined such amount and shall be final, conclusive and binding on the
          applicable Borrower in the absence of manifest error. Determination of amounts
          payable under such Sections in connection with a Eurocurrency Loan shall be
          calculated as though each Lender funded its Eurocurrency Loan through the
          purchase of a deposit of the type, currency and maturity corresponding to the
          deposit used as a reference in determining the Eurocurrency Rate applicable to
          such Loan, whether in fact that is the case or not. Unless otherwise provided
          herein, the amount specified in the written statement or certificate shall be
          payable on demand after receipt by the applicable Borrower of the written
          statement. The obligations of the Borrowers under Sections 3.1,
          3.2 and 3.4 shall survive payment of the Obligations and
          termination of this Agreement. 

             3.6.     
          Replacement Lenders. If any Lender either (i) failed to fund its
          Revolving Loan Percentage or Term Loan Percentage, as applicable, of any Advance
          requested by any Borrower, or to fund a Revolving Loan in order to repay Swing
          Line Loans or Reimbursement Obligations or participations with respect to
          Letters of Credit, which such Lender is obligated to fund under the terms of
          this Agreement and which failure has not been cured; (ii) makes a demand for
          compensation pursuant to Section 2.23(g), Section 3.1 or
          Section 3.2, (iii) is unable to fund at the Eurocurrency Rate or
          determines that such rate is unavailable or does not accurately reflect its cost
          of making or maintaining any Eurocurrency Loan pursuant to Section 3.3
          for reasons not generally applicable to the other Lenders or (iv) invokes the
          provisions of Section 9.2, the Borrower may require and have such Lender
          transfer, pursuant to and in accordance with Section 12.3, all of its
          rights and obligations under the Credit Documents to one or more Purchasers
          selected by the Borrower, acceptable to the Agent and the LC Issuer, and willing
          to accept such assignment provided such Lender is paid upon such assignment all
          amounts of principal, interest and fees accrued hereunder to the date of such
          assignment. No such assignment shall affect (a) any liability or obligation of
          any Borrower or any other Lender to such replaced Lender, which accrued on or
          prior to the date of such assignment or (b) such replaced Lender’s
          rights or obligations hereunder in respect of any such liability or obligation. 

             3.7.     
          Payments by Non-U.S. Subsidiary Borrowers. Notwithstanding anything
          herein to the contrary, no Non-U.S. Subsidiary Borrower shall be liable under
          Sections 3.1, 3.2 and 3.4 with respect to payments
          required in connection with Loans made to, or Obligations incurred by or on
          behalf of, the Borrower. 

ARTICLE IV:     CONDITIONS PRECEDENT

        4.1     
               Initial Credit Extension. The Term Loan Lenders shall not be required to
               make the Term Loans, the Revolving Loan Lenders shall not be required to make
               any initial Revolving Credit Advance, the Swing Line Lender shall not be
               required to make Swing Line Loans, no LC Issuer shall be required to issue a
               Facility LC hereunder unless the Borrower has furnished (if applicable) to the
               Agent, with sufficient copies for the Lenders, all in form and substance
               satisfactory to the Agent: 

54

             (a)     
               Copies of the articles or certificate of incorporation (or other comparable
               constituent document) of each of the Borrower and the initial Obligor
               Subsidiaries, together, in each case, with all amendments, and a certificate of
               good standing, both certified by the appropriate governmental officer in its
               jurisdiction of organization, as well as any other information required by
               Section 326 of the USA Patriot Act, 31 U.S.C. Section 5318 or otherwise
               necessary for the Agent or any Lender to verify the identity of the Borrower and
               the initial Obligor Subsidiaries as required by Section 326 of the USA Patriot
               Act, 31 U.S.C. Section 5318. 

             (b)     
               Copies, certified by the Secretary or Assistant Secretary of each of the
               Borrower and the initial Obligor Subsidiaries, of its by-laws (or other
               comparable governing document) and of its Board of Directors’ resolutions
               (and resolutions of other bodies, if any are deemed necessary by counsel for any
               Lender) authorizing the execution of the Borrower Credit Documents and
               Subsidiary Guaranties, as applicable. 

             (c)     
               An incumbency certificate, executed by the Secretary or Assistant Secretary of
               each of the Borrower and the initial Obligor Subsidiaries, which shall identify
               by name and title and bear the signature of the officers of the Borrower and
               each initial Obligor Subsidiary, as applicable, authorized to sign the Borrower
               Credit Documents, Subsidiary Guaranties and initial Collateral Documents, as
               applicable, and, in the case of the Borrower, to make Credit Extensions
               hereunder, upon which certificate the Agent and, the LC Issuer, the Swing Line
               Lender and the Lenders shall be entitled to rely until informed of any change in
               writing by the Borrower. 

             (d)     
               A certificate, signed by the chief financial officer of the Borrower, stating
               that on the initial Credit Extension Date (i) no Default or Unmatured Default
               has occurred and is continuing and (ii) no material adverse change in the
               business, financial condition, operations or prospects of the Borrower’s or
               any of the Borrower’s Subsidiaries’ has occurred since the
               Borrower’s consolidated financial statements as of December 31, 2004. 

            (e)     
               The written opinions of Bryan Cave LLP, U.S. counsel to the Borrower and the
               initial Obligor Subsidiaries, and, to the extent requested by the Agent, each
               Material Foreign Subsidiary’s foreign counsel (if any), dated as of the
               Initial Funding Date and in the forms of the opinions attached hereto as
               Exhibit E, in each case addressed to the Agent and the Lenders, with
               respect to the (without limitation) due authorization, execution and
               enforceability of this Agreement and the other Credit Documents, as applicable. 

             (f)     
               A written opinion of foreign counsel with respect to each Pledge Agreement (if
               any) to be delivered on the Initial Funding Date, addressed to the Agent and the
               Lenders, in form and substance satisfactory to the Agent. 

55

             (g)     
               A compliance certificate in substantially the form of Exhibit F hereto
               signed by the Borrower’s chief financial officer showing the calculations
               necessary to determine compliance with Sections  6.20, 6.21 and
               6.22 of this Agreement. 

             (h)     
               Written money transfer instructions, in substantially the form of Exhibit
               G hereto, addressed to the Agent and signed by an Authorized Officer,
               together with such other related money transfer authorizations as the Agent may
               have reasonably requested. 

             (i)     
               Evidence satisfactory to the Agent and its counsel that, concurrently with the
               Borrower’s receipt of the initial Advance hereunder: (1) the entire
               principal amount (together with accrued interest and premium, if any) of the
               Existing Indebtedness shall be repaid in full (other than the Existing LCs) or
               converted into the relevant Loans hereunder and (2) any and all lender
               commitments under the Existing Credit Agreement shall have been terminated. 

             (j)     
               The Lenders, the Arrangers and the Agent shall have received (i) all fees
               required to be paid and (ii) reimbursement for all expenses for which invoices
               have been presented, in each case on or before the date hereof or the Initial
               Funding Date (as applicable). 

             (k)     
               Promissory notes payable to each of the Lenders requesting promissory notes
               pursuant to Section 2.14(iv)  hereof. 

             (l)     
               Such other documents as the Agent or any Lender or its counsel may have
               reasonably requested including, without limitation, updates to the Schedules
               hereto reflecting changes that result from the Thomas Industries Acquisition,
               reaffirmations of the Parent Guaranty, the Subsidiary Guaranty, Pledge
               Agreements, and each other document reflected on the List of Closing Documents
               attached in Exhibit H to this Agreement. 

             (m)     
               The Thomas Industries Acquisition shall have been consummated, substantially
               concurrently with the making of the initial Loans, in compliance with the
               following terms and conditions: 

          		  	(i)     
               All governmental and material third party approvals (including landlords’
               consents, customer supply agreements consents, Hart-Scott-Rodino clearance,
               German and Norwegian antitrust clearance and other consents) necessary or, in
               the reasonable discretion of the Agent, advisable in connection with the Thomas
               Industries Acquisition, the financing contemplated hereby and the continuing
               operations of the Borrower and its Subsidiaries (including shareholder
               approvals, if any) shall have been obtained and be in full force and effect, and
               all applicable waiting periods shall have expired without any action being taken
               or threatened by any competent authority which would restrain, prevent or
               otherwise impose adverse conditions on the Thomas Industries Acquisition or the
               financing thereof. 

               

56

          		  	(ii)     
               There shall be no injunction or temporary restraining order which, in the
               reasonable judgment of the Agent would prohibit the funding of the Term Loans or
               the consummation of the Thomas Industries Acquisition; and there shall be no
               litigation which would reasonably be expected to result in a material adverse
               effect on the Target and its subsidiaries, taken as a whole. 

               

          		  	(iii)     
               The Thomas Industries Acquisition shall be consummated in accordance with the
               terms of the Thomas Industries Acquisition Merger Agreement and all applicable
               requirements of the law. 

               

          	 	  	(iv)     
               In order to finance the Thomas Industries Acquisition, the Borrower shall have,
               on or prior to the Initial Funding Date, caused to be released from escrow and
               received the net cash proceeds from the Senior Subordinated Notes. 

               

          		  	(v)     
               The Agent shall have received the most recent audited financial statements for
               the Target. 

               

          	 	  	(vi)     
               Each of the Lenders shall have received consolidating pro forma balance sheets
               and income statements of the Borrower as of the date of the most recently
               completed publicly reported consolidated quarterly balance sheet of the
               Borrower, giving effect to the Thomas Industries Acquisition and the financings
               contemplated thereby (including pursuant to this Agreement) as if such
               transactions had occurred on such date, prepared in accordance with Regulation
               S-X under the Securities Exchange Act of 1934 (as amended from time to time) for
               a registration statement on Form S-1. Each of the Arrangers and the Agent shall
               have received the written permission of the Borrower to include each of the
               financial statements and financial projections referred to in the commitment
               letter related hereto in any marketing materials prepared in connection with
               this Agreement. 

               

          		  	(vii)     
               The Agent shall have reviewed a copy of any fairness opinion relating to the
               terms of the Thomas Industries Acquisition, if any such opinion is delivered in
               connection with the Thomas Industries Acquisition. 

               

          	 	  	(viii)     
               The Agent shall have received a certificate from the chief financial officer of
               the Borrower supporting the conclusions that after giving effect to the Thomas
               Industries Acquisition, the Borrower is solvent and will be solvent subsequent
               to incurring the indebtedness in connection with the Thomas Industries
               Acquisition, will be able to pay its debts and liabilities as they become due
               and will not be left with unreasonably small capital with which to engage in its
               businesses. 

               

          		  	(ix)     
               The Agent shall have received evidence satisfactory to it of the prepayment of
               all obligations under existing loan facilities of the Target and its
               subsidiaries pursuant to payoff letters in form and substance reasonably
               satisfactory to the Agent and its counsel. The consummation of the Thomas

               

57

          		  	
               Industries Acquisition and related transactions (financing or otherwise) shall
               not trigger any change of control rights under any indebtedness to remain
               outstanding after the Initial Funding Date. 

               

          		  	(x)     
               There shall not exist (pro forma for the Thomas Industries Acquisition and the
               financing thereof) any Unmatured Default or Default. Each of the Arrangers and
               the Agent shall be reasonably satisfied that the Borrower has not failed to
               comply with any of its material obligations under the commitment letter or the
               fee letters executed in connection herewith. 

               

          		  	(xi)     
               No material adverse change in the business, condition (financial or otherwise),
               operations, performance, properties or prospects of the Target and its
               subsidiaries, taken as a whole, shall have occurred since December 31, 2004. 

               

        The
Agent shall notify the Borrower of the date on which the foregoing conditions have been
met, and such notice shall be conclusive and binding. Notwithstanding the foregoing, if
the foregoing conditions are not satisfied (or waived pursuant to Section 8.3 and
Section 8.4) at or prior to 5 p.m., Chicago time, on December 15, 2005, then, in
such event, the Commitments and this Agreement (other than those provisions hereof which
by their terms survive termination) shall terminate at such time (it being understood and
agreed that, notwithstanding such termination, the Existing Credit Agreement shall
continue to remain in full force and effect in accordance with its terms). 

             4.2.     
          Initial Advance to each Non-U.S. Subsidiary Borrower. The Lenders shall
          not be required to make a Revolving Credit Advance hereunder and no LC Issuer
          shall be required to issue a Facility LC hereunder, in each case, to or with
          respect to any Non-U.S. Subsidiary Borrower, which may be a party hereto or
          which may become a party hereto after the Initial Funding Date, unless (a) all
          such documents, instruments and agreements required by the Agent granting a
          first priority security interest in 65% of the issued and outstanding capital
          stock or other ownership interests in such Non-U.S. Subsidiary Borrower in favor
          of the Agent on behalf of the Lenders shall have been executed and ready to be
          filed in the appropriate jurisdictions and (b) the Borrower or such Non-U.S.
          Subsidiary Borrower has furnished or caused to be furnished to the Agent with
          sufficient copies for the Lenders: 

         (i)       
          The Assumption Letter executed and delivered by such Non-U.S. Subsidiary
          Borrower and containing the written consent of the Borrower at the foot thereof,
          as contemplated by Section 2.19. 

         (ii)       
          Copies, certified by the Secretary or Assistant Secretary of such Non-U.S.
          Subsidiary Borrower, of its Board of Directors’ resolutions (and
          resolutions of other bodies, if any are deemed necessary by counsel for any
          Lender) approving the Assumption Letter and the other Non-U.S. Subsidiary
          Borrower Credit Documents. 

         (iii)       
          An incumbency certificate, executed by the Secretary or Assistant Secretary of
          such Non-U.S. Subsidiary Borrower, which shall identify by name and title and
          bear the 

58

signature of the officers of such Non-U.S. Subsidiary Borrower
          authorized to sign the Assumption Letter and the other Non-U.S. Subsidiary
          Borrower Credit Documents, upon which certificate the Agent and the Lenders
          shall be entitled to rely until informed of any change in writing by the
          Borrower. 

         (iv)       
          An opinion of counsel to such Non-U.S. Subsidiary Borrower, with respect to the
          laws of its jurisdiction of organization, addressed to the Agent and the
          Lenders, substantially in the pertinent form attached as part of Exhibit
          E hereto. 

         (v)       
          Promissory notes payable to each of the Lenders requesting promissory notes
          pursuant to Section 2.14(iv) hereof. 

             4.3.      
          Each Credit Extension. The Lenders shall not be required to make any
          Advance (other than an Advance that, after giving effect thereto and to the
          application of the proceeds thereof, does not increase the aggregate amount of
          outstanding Advances), the Swing Line Lender shall not be obligated to make a
          Swing Line Loan, and no LC Issuer shall be required to issue any Facility LC,
          unless on the applicable Credit Extension Date, both immediately prior to, and
          immediately after giving effect to, such Credit Extension and the application of
          proceeds thereof: 

             (a)     
               Either (i) in the case of an Advance, the Agent shall have received a Notice of
               Borrowing in compliance with Section 2.9, (ii) in the case of a Swing
               Line Loan, the Swing Line Lender shall have received a notice of borrowing in
               compliance with Section 2.2(b) or (iii) in the case of a Facility LC, the
               LC Issuer shall have received a request for the issuance of a Facility LC in
               compliance with Section 2.23 (together with any Facility LC Application
               Agreement requested by the LC Issuer pursuant to Section 2.23(c)). 

             (b)     
               The Revolving Credit Obligations do not and would not exceed the Aggregate
               Revolving Loan Commitment. 

             (c)     
               The aggregate outstanding principal Dollar Amount of all Eurocurrency Advances
               in currencies other than Dollars does not and would not exceed the Maximum
               Foreign Currency Amount. 

             (d)     
               In the case of an Advance proposed to be made to a Non-U.S. Subsidiary Borrower,
               the aggregate principal Dollar Amount of Revolving Loans and Facility LCs made
               to or issued for the account of the Non-U.S. Subsidiary Borrowers do not and
               would not exceed the Maximum Non-U.S. Subsidiary Borrower Amount. 

             (e)     
               There exists no Default or Unmatured Default. 

             (f)     
               The representations and warranties contained in Article V are true and
               correct as of such Borrowing Date except to the extent any such representation
               or warranty is 

59

stated to relate solely to an earlier date, in which case such
               representation or warranty shall have been true and correct on and as of such
               earlier date. 

             (g)     
               There exists no material adverse change in the business, financial condition,
               operations or prospects of the Borrowers or any of the Borrower’s
               Subsidiaries since the Borrower’s consolidated financial statements as of
               December 31, 2004 (it being understood and agreed that consummation of the
               Thomas Industries Acquisition shall not constitute such a material adverse
               change). 

             (h)     
               There exists no litigation which would reasonably be expected to result in a
               Material Adverse Effect. 

             (i)     
               All legal matters incident to the making of such Credit Extension shall be
               reasonably satisfactory to the Lenders and their counsel. 

        Each
Borrowing Notice with respect to each such Advance, each notice of borrowing with respect
to any Swing Line Loan and each request for the issuance of a Facility LC pursuant to
Section 2.23, shall constitute a representation and warranty by the applicable
Borrower that the conditions contained in Sections 4.3(b), (c), (d),
(e) and (f) have been satisfied. 

ARTICLE V:     REPRESENTATIONS AND WARRANTIES

        The
Borrower represents and warrants to the Lenders that: 

             5.1.     
          Existence and Standing. Each of the Borrower and its Subsidiaries is a
          corporation, partnership or limited liability company duly incorporated or
          organized, as the case may be, validly existing and (to the extent such concept
          applies to such entity) in good standing under the laws of its jurisdiction of
          incorporation or organization and has all requisite authority to conduct its
          business in each jurisdiction in which its business is conducted. 

             5.2.     
          Authorization and Validity. The Borrower has the corporate power and
          authority and legal right to execute and deliver the Borrower Credit Documents
          and to perform its obligations thereunder. The execution and delivery by the
          Borrower of the Borrower Credit Documents and the performance of its obligations
          thereunder have been duly authorized by proper corporate proceedings, and the
          Borrower Credit Documents constitute legal, valid and binding obligations of the
          Borrower enforceable against the Borrower in accordance with their terms, except
          as enforceability may be limited by bankruptcy, insolvency or similar laws
          affecting the enforcement of creditors’ rights generally. 

             5.3.     
          No Conflict; Government Consent. Neither the execution and delivery by
          the Borrower of the Borrower Credit Documents, nor the consummation of the
          transactions therein contemplated, nor compliance with the provisions thereof
          will violate (i) any law, rule, regulation, order, writ, judgment, injunction,
          decree or award binding on the Borrower or any of its Subsidiaries or (ii) the
          Borrower’s or any Subsidiary’s articles or certificate of
          incorporation (or other comparable constituent document) or by-laws (or other
          comparable governing document) or (iii) the provisions of any indenture,
          instrument or agreement to which the 

60

Borrower or any of its Subsidiaries is a
          party or is subject, or by which it, or its Property, is bound, or conflict with
          or constitute a default thereunder, or result in the creation or imposition of
          any Lien in, of or on the Property of the Borrower or a Subsidiary pursuant to
          the terms of any such indenture, instrument or agreement. No order, consent,
          approval, license, authorization, or validation of, or filing, recording or
          registration with, or exemption by, any governmental or public body or
          authority, or any subdivision thereof, is required to authorize, or is required
          in connection with the execution, delivery and performance of, or the legality,
          validity, binding effect or enforceability of, any of the Borrower Credit
          Documents. 

             5.4.     
          Financial Statements. The December 31, 2004 audited consolidated
          financial statements of the Borrower and its Subsidiaries heretofore delivered
          to the Lenders were prepared in accordance with generally accepted accounting
          principles in effect on the respective dates such statements were prepared and
          fairly present the consolidated financial condition and operations of the
          Borrower and its Subsidiaries at such dates and the consolidated results of
          their operations for the respective periods then ended. 

             5.5.     
          Material Adverse Change. Since December 31, 2004, there has been no
          change in the business, Property, condition (financial or otherwise) or results
          of operations of the Borrower and its Subsidiaries which could reasonably be
          expected to have a Material Adverse Effect. 

            5.6.     
          Taxes. The Borrower and its Subsidiaries have filed all United States
          federal tax returns and all other tax returns which are required to be filed and
          have paid all taxes due pursuant to said returns or pursuant to any assessment
          received by the Borrower or any of its Subsidiaries, except such taxes, if any,
          as are being contested in good faith and as to which adequate reserves have been
          provided. As of the date of this Agreement, the United States income tax returns
          of the Borrower and its Subsidiaries have been audited by the Internal Revenue
          Service through the fiscal year ended December 31, 2002. No tax liens in an
          aggregate amount in excess of $100,000 have been filed and no claims are being
          asserted with respect to any such taxes. The charges, accruals and reserves on
          the books of the Borrower and its Subsidiaries in respect of any taxes or other
          governmental charges are adequate. 

             5.7.     
          Litigation and Contingent Obligations. Except as set forth on Schedule
          4 hereto, there is no litigation, arbitration, governmental investigation,
          proceeding or inquiry pending or, to the knowledge of any of their officers,
          threatened against or affecting the Borrower or any of its Subsidiaries which,
          if adversely determined, could have a Material Adverse Effect. Other than any
          liability incident to any litigation, arbitration or proceedings which could not
          reasonably be expected to have a Material Adverse Effect, no Borrower has any
          material contingent obligations not provided for or disclosed in the financial
          statements referred to in Section 5.4. 

             5.8.     
          Subsidiaries. Schedule 5 hereto contains an accurate list of all
          of the presently existing Subsidiaries of the Borrower, setting forth their
          respective jurisdictions of organization and the percentage of their respective
          capital stock or other ownership interests owned by the Borrower or other
          Subsidiaries together with a calculation, as of the quarter ended immediately
          prior to the date hereof, of such Subsidiaries’ total assets as a
          percentage of consolidated total assets. All of the issued and outstanding
          shares of capital stock or other ownership interests of 

61

such Subsidiaries have
          been (to the extent such concepts are relevant with respect to such ownership
          interests) duly authorized and issued and are fully paid and non-assessable. 

             5.9.     
          ERISA. The Unfunded Liabilities of all Single Employer Plans do not in
          the aggregate exceed $10,000,000. Neither the Borrower nor any other member of
          the Controlled Group has failed to make a required contribution or payment to
          any Multiemployer Plan or made a complete or partial withdrawal from a
          Multiemployer Plan. Each Plan complies in all material respects with all
          applicable requirements of law and regulations, no Reportable Event has occurred
          with respect to any Plan, neither the Borrower nor any other members of the
          Controlled Group has withdrawn from any Plan or initiated steps to do so, and no
          steps have been taken to reorganize or terminate any Plan. 

             5.10.     
          Accuracy of Information. No information, exhibit or report furnished by
          the Borrower or any of its Subsidiaries to the Agent, the LC Issuer, the Swing
          Line Lender or to any Lender in connection with the negotiation of, or
          compliance with, the Credit Documents contained any material misstatement of
          fact or omitted to state a material fact or any fact necessary to make the
          statements contained therein not misleading. 

             5.11.     
          Regulation U. Margin stock (as defined in Regulation U) constitutes less
          than 25% of those assets of the Borrower and its Subsidiaries which are subject
          to any limitation on sale, pledge, or other restriction hereunder. 

             5.12.     
          Material Agreements. Neither the Borrower nor any Subsidiary is a party
          to any agreement or instrument or subject to any charter or other corporate
          restriction which could reasonably be expected to have a Material Adverse
          Effect. Neither the Borrower nor any Subsidiary is in default in the
          performance, observance or fulfillment of any of the obligations, covenants or
          conditions contained in (i) any agreement to which it is a party, which default
          could reasonably be expected to have a Material Adverse Effect or (ii) any
          agreement or instrument evidencing or governing Indebtedness. 

             5.13.     
          Compliance With Laws. The Borrower and its Subsidiaries have complied in
          all material respects with all applicable statutes, rules, regulations, orders
          and restrictions of any domestic or foreign government or any instrumentality or
          agency thereof, having jurisdiction over the conduct of their respective
          businesses or the ownership of their respective Property. Except for matters
          identified on Schedule 6 hereto, neither the Borrower nor any Subsidiary
          has received any notice to the effect that its operations are not in material
          compliance with any of the requirements of applicable federal, state and local
          environmental, health and safety statutes and regulations or the subject of any
          federal or state investigation evaluating whether any remedial action is needed
          to respond to a release of any toxic or hazardous waste or substance into the
          environment, which non-compliance or remedial action could reasonably be
          expected to have a Material Adverse Effect. 

             5.14.     
          Ownership of Property. On the date of this Agreement, the Borrower and
          its Subsidiaries have good title, free of all Liens other than those permitted
          by Section 6.17, to all of the Property and assets reflected in the
          financial statements referred to in Section 5.4 as owned 

62

by it. The
          Borrower and each of its Subsidiaries owns (or is licensed to use) all
          Intellectual Property which is necessary or appropriate in any material respect
          for the conduct of its respective business as conducted on the date of this
          Agreement, without any material conflict with the rights of any other Person.
          Neither the Borrower nor any Subsidiary is aware of (i) any material existing or
          threatened infringement or misappropriation of any of its Intellectual Property
          by any third party or (ii) any material third party claim that any aspect of the
          business of the Borrower or any Subsidiary (as conducted on the date of this
          Agreement) infringes or will infringe upon, any Intellectual Property or other
          property right of any other Person. 

             5.15.     
          Labor Matters. There are no labor controversies pending against the
          Borrower or any Subsidiary which could reasonably be expected to have a Material
          Adverse Effect. The Borrower and each of its Subsidiaries are in substantial
          compliance in all material respects with the Fair Labor Standards Act, as
          amended. 

             5.16.     
          Investment Company Act. Neither the Borrower nor any Subsidiary thereof
          is an “investment company” or a company “controlled” by an
          “investment company”, within the meaning of the Investment Company Act
          of 1940, as amended. 

             5.17.     
          Public Utility Holding Company Act. Neither the Borrower nor any
          Subsidiary is a “holding company” or a “subsidiary company”
          of a “holding company”, or an “affiliate” of a “holding
          company” or of a “subsidiary company” of a “holding
          company”, within the meaning of the Public Utility Holding Company Act of
          1935, as amended. 

             5.18.     
          Insurance. The Borrower and its Subsidiaries maintain with financially
          sound and reputable insurance companies insurance for property, casualty,
          business interruption and liability losses in such amounts and covering such
          risks as is consistent with sound business practice. 

             5.19.    
          Special Representations and Warranties of each Non-U.S. Subsidiary
          Borrower. Each Non-U.S. Subsidiary Borrower which may be a party hereto or
          which may become a party hereto after the date hereof represents and warrants to
          the Lenders as provided in this Section 5.19 that: 

                  (a)    
          Existence and Standing. Such Non-U.S. Subsidiary Borrower is a company
          duly organized and validly existing and in good standing under the laws of its
          jurisdiction of organization (hereinafter referred to as its “Home
          Country”) and has all requisite authority to conduct its business as it
          is now being conducted except where the failure to have such requisite authority
          would not have a Material Adverse Effect.

              (b)      Authorization and Validity.
          Such Non-U.S. Subsidiary Borrower has the requisite power and authority and
          legal right to execute and deliver the Non-U.S. Subsidiary Borrower Credit
          Documents to which its is a party and to perform its obligations thereunder. The
          execution and delivery by such Non-U.S. Subsidiary Borrower of the Non-U.S.
          Subsidiary Borrower Credit Documents to which it is a party and the performance
          by it of its obligations thereunder have been duly authorized by proper
          corporate proceedings, and such Non-U.S. Subsidiary Borrower Credit Documents
          constitute legal, valid and binding obligations of such Non-U.S. 

63

Subsidiary
          Borrower enforceable against such Non-U.S. Subsidiary Borrower in accordance
          with their respective terms, except as enforceability may be limited by
          bankruptcy, insolvency or similar laws affecting the enforcement of
          creditors’ rights generally and general equitable principles. 

                  (c)    
          No Conflict; Government Consent. Neither the execution and delivery by
          such Non-U.S. Subsidiary Borrower of the Non-U.S. Subsidiary Borrower Credit
          Documents to which it is a party, nor the consummation by it of the transactions
          therein contemplated to be consummated by it, nor compliance by such Non-U.S.
          Subsidiary Borrower with the provisions thereof will violate any law, rule,
          regulation, order, writ, judgment, injunction, decree or award binding on such
          Non-U.S. Subsidiary Borrower or any of its Subsidiaries or such Non-U.S.
          Subsidiary Borrower’s or any of its Subsidiaries’ articles of
          association (or other comparable constituent documents) or the provisions of any
          indenture, instrument or agreement to which such Non-U.S. Subsidiary Borrower or
          any of its Subsidiaries is a party or is subject, or by which it, or its
          Property, is bound, or conflict with or constitute a default thereunder, or
          result in the creation or imposition of any Lien in, of or on the Property of
          such Non-U.S. Subsidiary Borrower or any of its Subsidiaries pursuant to the
          terms of any such indenture, instrument or agreement in any such case which
          violation, conflict, default, creation or imposition could reasonably be
          expected to have a Material Adverse Effect. No order, consent, approval,
          license, authorization, or validation of, or filing, recording or registration
          with, or exemption by, any governmental agency is required to authorize, or is
          required in connection with the execution, delivery and performance of, or the
          legality, validity, binding effect or enforceability of, any of the Non-U.S.
          Subsidiary Borrower Credit Documents to which it is a party. 

                  (d)    
          Filing. To ensure the enforceability or admissibility in evidence of this
          Agreement and any promissory notes requested to be issued hereunder by any
          Non-U.S. Subsidiary Borrower in its Home Country, it is not necessary that this
          Agreement or any such promissory notes or any other document be filed or
          recorded with any court or other authority in its Home Country or that any stamp
          or similar tax be paid to or in respect of this Agreement or any such promissory
          notes of such Non-U.S. Subsidiary Borrower. The qualification by any Lender or
          the Agent for admission to do business under the laws of its Home Country does
          not constitute a condition to, and the failure to so qualify does not affect,
          the exercise by any Lender or the Agent of any right, privilege, or remedy
          afforded to any Lender or the Agent in connection with the Non-U.S. Subsidiary
          Borrower Credit Documents to which such Non-U.S. Subsidiary Borrower is a party
          or the enforcement of any such right, privilege, or remedy against such Non-U.S.
          Subsidiary Borrower. The performance by any Lender or the Agent of any action
          required or permitted under the Credit Documents will not (i) violate any law or
          regulation of such Non-U.S. Subsidiary Borrower’s Home Country or any
          political subdivision thereof, (ii) result in any tax (including any withholding
          tax) or other monetary liability to such party pursuant to the laws of such
          Non-U.S. Subsidiary Borrower’s Home Country or political subdivision or
          taxing authority thereof or otherwise (provided that, should any such action
          result in any such tax or other monetary liability to the Lender or the Agent,
          the Borrower hereby agrees to indemnify such Lender or the Agent, as the case
          may be, against (x) any such tax or other monetary liability and (y) any
          increase in any tax or other monetary liability which results from such action
          by such 

64

Lender or the Agent and, to the extent the Borrower makes such
          indemnification, the incurrence of such liability by the Agent or any Lender
          will not constitute a Default) or (iii) violate any rule or regulation of any
          federation or organization or similar entity of which such Non-U.S. Subsidiary
          Borrower’s Home Country is a member. 

                  (e)    
          No Immunity. Neither such Non-U.S. Subsidiary Borrower nor any of its
          assets is entitled to immunity from suit, execution, attachment or other legal
          process. Such Non-U.S. Subsidiary Borrower’s execution and delivery of the
          Non-U.S. Subsidiary Borrower Credit Documents to which it is a party constitute,
          and the exercise of its rights and performance of and compliance with its
          obligations under such Credit Documents will constitute, private and commercial
          acts done and performed for private and commercial purposes. 

ARTICLE VI:     COVENANTS

        During
the term of this Agreement from and after the Initial Funding Date, unless the Required
Lenders shall otherwise consent in writing: 

        6.1     
               Financial Reporting. The Borrower will maintain, for itself and each
               Subsidiary, a system of accounting established and administered in accordance
               with generally accepted accounting principles, and furnish to the Agent (which
               shall promptly provide copies to the Lenders): 

          	(i) 	  	
               Within 90 days after the close of each of its fiscal years, an unqualified
               (except for qualifications relating to changes in accounting principles or
               practices reflecting changes in generally accepted principles of accounting and
               required or approved by the Borrower’s independent certified public
               accountants) audit report certified by independent certified public accountants,
               acceptable to the Lenders, prepared in accordance with Agreement Accounting
               Principles on a consolidated and consolidating basis (consolidating statements
               need not be certified by such accountants) for itself and the Subsidiaries,
               including balance sheets as of the end of such period, related profit and loss
               and reconciliation of surplus statements, and a statement of cash flows,
               accompanied by (a) any letter prepared by said accountants regarding internal
               controls and addressed to the board of directors of the Borrower and (b) a
               certificate of said accountants that, in the course of their examination
               necessary for their certification of the foregoing, they have obtained no
               knowledge of any Default or Unmatured Default, or if, in the opinion of such
               accountants, any Default or Unmatured Default shall exist, stating the nature
               and status thereof. 

               

          	(ii) 	  	
               Within 45 days after the close of the first three quarterly periods of each of
               its fiscal years, for itself and the Subsidiaries, consolidated and
               consolidating unaudited balance sheets as at the close of each such period and
               consolidated and consolidating profit and loss and reconciliation of surplus
               statements and a statement of cash flows for the period from the beginning of
               such fiscal year to the end of such quarter, all certified by its chief
               financial officer as being 

               

65

          		  	
prepared, to the best of his or her knowledge in
               accordance with Agreement Accounting Principles, consistently applied, subject
               to normal year-end audit adjustments. 

               

          	(iii) 	  	
               Together with the financial statements required hereunder, a compliance
               certificate in substantially the form of Exhibit F hereto signed by its
               chief financial officer showing the calculations necessary to determine
               compliance with Sections 6.20, 6.21 and 6.22 of this
               Agreement and stating that no Default or Unmatured Default exists, or if any
               Default or Unmatured Default exists, stating the nature and status thereof. 

               

          	(iv) 	  	
               As soon as possible and in any event not later than the last Business Day in
               February of each fiscal year commencing with the fiscal year beginning
               January 1, 2006, a copy of the plan and forecast (including a projected
               balance sheet, income statement and statement of cash flow) of the Borrower and
               its Subsidiaries for the upcoming fiscal year prepared in such detail as shall
               be reasonably satisfactory to the Agent. 

               

          	(v) 	  	
               As soon as possible and in any event within 10 days after the Borrower knows
               that any Reportable Event has occurred with respect to any Plan, a statement,
               signed by the chief financial officer of the Borrower, describing said
               Reportable Event and the action which the Borrower proposes to take with respect
               thereto. 

               

          	(vi) 	  	
               As soon as possible and in any event within 10 days after receipt by the
               Borrower, a copy of (a) any notice or claim to the effect that the Borrower or
               any of its Subsidiaries is or may be liable to any Person as a result of the
               release by the Borrower, any of its Subsidiaries, or any other Person of any
               toxic or hazardous waste or substance into the environment, and (b) any notice
               alleging any violation of any federal, state or local environmental, health or
               safety law or regulation by the Borrower or any of its Subsidiaries, which, in
               either case, could reasonably be expected to have a Material Adverse Effect. 

               

          	(vii) 	  	
               Promptly upon the furnishing thereof to the shareholders of the Borrower, copies
               of all financial statements, reports and proxy statements so furnished. 

               

          	(viii) 	  	
               Promptly upon the filing thereof, copies of all registration statements and
               annual, quarterly, monthly or other regular reports which the Borrower or any of
               its Subsidiaries files with the Commission (other than routine filings relating
               solely to employee benefit plans and filings on Forms 3, 4 or 5 regarding
               insider trading activities). In the event the Borrower is no longer required to
               file reports with the Commission, the Borrower need not furnish such reports to
               the Agent, but nonetheless shall provide the Agent the financial statements
               previously contained in such reports. 

               

66

          	(ix) 	  	
               Promptly after the execution thereof, copies of all material amendments to any
               of the Receivables Purchase Documents. 

               

          	(x) 	  	
               Such other information (including non-financial information) as the Agent or any
               Lender may from time to time reasonably request. 

               

        6.2     
               Use of Proceeds. The Borrower will, and will cause each Subsidiary to,
               use the proceeds of the Advances, Swing Line Loans and Facility LCs to repay
               certain existing Indebtedness, for working capital purposes, for general
               corporate purposes, including, without limitation, for the Thomas Industries
               Acquisition and other Acquisitions permitted by Section 6.15 hereof,
               and to repay outstanding Advances and Reimbursement Obligations. After it has
               become a party hereto, each Non-U.S. Subsidiary Borrower will use the proceeds
               of the Revolving Credit Advances and Facility LCs for working capital and
               general corporate purposes, including, without limitation, for Acquisitions
               permitted by Section 6.15 hereof, and to repay its outstanding Advances
               and Reimbursement Obligations. The Borrower and each Non-U.S. Subsidiary
               Borrower will not, nor will they permit any Subsidiary to, use any of the
               proceeds of the Advances either (i) to purchase or carry any “margin
               stock” (as defined in Regulation U) or (ii) to make any other Acquisition
               (except as specifically permitted by Section 6.15). Notwithstanding
               anything herein to the contrary, Facility LCs may be applied for by the Borrower
               hereunder for the benefit of the Borrower’s Subsidiaries. 

        6.3     
               Notice of Default. After knowledge thereof shall have come to the
               attention of an Authorized Officer of any Borrower, such Borrower will give
               prompt notice in writing to the Agent, and the Agent shall promptly notify each
               other Lender, of the occurrence of any Default or Unmatured Default and of any
               other development, financial or otherwise, which could reasonably be expected to
               have a Material Adverse Effect. 

        6.4     
               Conduct of Business. The Borrower will, and will cause each Subsidiary
               to, carry on and conduct its business in substantially the same manner and in
               substantially the same fields of enterprise as conducted on the date of this
               Agreement, or as conducted on the date of its formation, in the case of any
               Non-U.S. Subsidiary Borrower or other Subsidiary that may be formed after the
               date hereof, and to do all things necessary to remain duly incorporated, validly
               existing and in good standing as a domestic corporation in its jurisdiction of
               incorporation and maintain all requisite authority to conduct its business in
               each jurisdiction in which its business is conducted; provided that the Borrower
               and its Subsidiaries may consummate the Tax Restructuring and may dissolve any
               inactive or dormant Subsidiaries with de minimis or immaterial assets. 

        6.5     
               Taxes. The Borrower will, and will cause each Subsidiary to, pay when due
               all taxes, assessments and governmental charges and levies upon it or its
               income, profits or Property, except those which are being contested in good
               faith by appropriate proceedings and with respect to which adequate reserves
               have been set aside. 

        6.6     
               Insurance. The Borrower will, and will cause each Subsidiary to, maintain
               with financially sound and reputable insurance companies insurance for property,
               casualty, business 

67

interruption and liability losses in such amounts and
               covering such risks as is consistent with sound business practice, and the
               Borrower will furnish to Agent, upon request of the Agent or any Lender, a
               certificate setting forth in summary form, the nature and extent of the
               insurance maintained pursuant to this provision and such other information as
               shall be reasonably requested. The Borrower will, within ten (10) Business Days
               of its receipt of notice of termination or cancellation of any products
               liability or other liability insurance policy insuring the Borrower or any of
               its Subsidiaries (other than any such notice with respect to the expiration of
               any such policy at the end of its stated term when renewal of such policy, or
               the obtaining of a substantially equivalent policy with a different insurer, is
               not expected to be a problem), give written notice thereof to the Lenders. 

        6.7     
               Compliance with Laws. The Borrower will, and will cause each Subsidiary
               to, comply with all laws, rules, regulations, orders, writs, judgments,
               injunctions, decrees or awards to which it may be subject including, without
               limitation, all applicable federal, state and local environmental, health and
               safety statutes and regulations; provided, however,
               neither the Borrower nor any Subsidiary shall be required to comply with any
               such laws, rules, regulations, orders, writs, judgments, injunctions, decrees or
               awards if its failure to comply therewith could not, in the aggregate, have a
               Material Adverse Effect. 

        6.8     
               Maintenance of Property and Books and Records. The Borrower will, and
               will cause each Subsidiary to, do all things necessary to maintain, preserve,
               protect and keep all of its tangible personal and real Property in good repair,
               working order and condition, and make all necessary and proper repairs, renewals
               and replacements so that its business carried on in connection therewith may be
               properly conducted at all times. The Borrower will, and will cause each
               Subsidiary to, do all things necessary to maintain, preserve, protect all of its
               Intellectual Property including, without limitation, perform each of its
               respective obligations under any and all license agreements and other contracts
               and agreements evidencing or relating to Intellectual Property, using the same
               in interstate or foreign commerce, properly marking such Intellectual Property
               and maintaining all necessary and appropriate governmental registrations (both
               domestic and foreign). The Borrower will keep and maintain, and cause each of
               its Subsidiaries to keep and maintain, in all material respects, proper books of
               record and account in which entries in conformity with Agreement Accounting
               Principles (in the case of the Borrower and the Domestic Subsidiaries) and
               generally accepted accounting principles in the applicable jurisdiction (in the
               case of the Foreign Subsidiaries) shall be made of all dealings and transactions
               in relation to their respective businesses and activities. 

        6.9     
               Inspection. The Borrower will, and will cause each Subsidiary to, permit
               the Lenders, at their cost, by their respective representatives and agent,
               during normal business hours, to inspect any of the Property, corporate books
               and financial records of the Borrower and each Subsidiary, to examine and make
               copies of the books of accounts and other financial records of the Borrower and
               each Subsidiary, and to discuss the affairs, finances and accounts of the
               Borrower and each Subsidiary with, and to be advised as to the same by, their
               respective officers at such reasonable times and intervals as the Lenders may
               reasonably designate. 

68

        6.10     
               Subsidiaries. The Borrower will cause each Person (other than a SPV) that
               becomes a direct or indirect Subsidiary of the Borrower after the date of this
               Agreement (whether as the result of an Acquisition, creation, or otherwise) to
               execute and deliver a Subsidiary Guaranty to and in favor of the Agent, the
               Swing Line Lender, the LC Issuer and the Lenders (together with an opinion of
               counsel, corporate resolutions and such other corporate documentation as the
               Agent may reasonably request, all in form and substance satisfactory to the
               Agent), in each case within 30 days after becoming a direct or indirect
               Subsidiary of the Borrower. Notwithstanding the foregoing, in the case of a
               Foreign Subsidiary, or a Domestic Subsidiary owned by a Foreign Subsidiary, no
               such Subsidiary shall be required to give, execute and deliver a Subsidiary
               Guaranty if the delivery of such Subsidiary Guaranty would either (i) cause the
               undistributed earnings of any such Foreign Subsidiary, or Domestic Subsidiary
               owned by a Foreign Subsidiary, to be treated as a deemed dividend to the
               Borrower for federal income tax purposes or (ii) be limited on account of legal
               or financial limitations imposed by the jurisdiction of organization of such
               Subsidiary (or the parent of such Subsidiary) or other relevant jurisdictions
               having authority over such Subsidiary, in which event the terms of Section
               6.15 shall be applicable. 

        6.11     
               Dividends. The Borrower will not, nor will it permit any Subsidiary to,
               declare or pay any dividends on its capital stock (other than dividends payable
               in its own capital stock) or redeem, repurchase or otherwise acquire or retire
               any of its capital stock at any time outstanding, except that: 

          	(i) 	  	
               Any Subsidiary may declare and pay dividends to the Borrower or to a
               Wholly-Owned Subsidiary of the Borrower. 

               

          	(ii) 	  	
               Any Subsidiary may declare and pay dividends to a Subsidiary other than a
               Wholly-Owned Subsidiary of the Borrower so long as at the time of and upon
               giving effect to each such dividend (a) the Borrower shall be in compliance with
               Section 6.22 and (b) no other Default or Unmatured Default shall exist. 

               

          	(iii) 	  	
               The Borrower may declare or pay any dividends on its capital stock or redeem,
               repurchase or otherwise acquire or retire any of its capital stock at any time
               outstanding so long as at the time of and upon giving effect to each such
               dividend, repurchase, acquisition or retirement, (a) the Borrower shall be in
               compliance with Section 6.22 and (b) no other Default or Unmatured
               Default shall exist. 

               

          	(iv) 	  	
               The Borrowers may declare and pay dividends and redeem, repurchase or otherwise
               acquire or retire any of its capital stock under the Tax Restructuring. 

               

        6.12     
               Indebtedness. The Borrower will not, nor will it permit any Subsidiary
               to, create, incur or suffer to exist any Indebtedness, except: 

          	(i) 	  	
               The Loans. 

               

          	(ii) 	  	
               Indebtedness existing on the date hereof and described in Schedule 7
               hereto. 

               

69

          	(iii) 	  	
               Contingent Obligations permitted by Section 6.16. 

               

          	(iv) 	  	
               Hedging Obligations entered into in the ordinary course of business as bona fide
               hedges against interest rate or commodity price fluctuations and not for
               speculative purposes. 

               

          	(v) 	  	
               Indebtedness of one or more Subsidiaries to the Borrower, but only to the extent
               permitted by clauses  (vi), (x) and (xii) of Section
               6.15. 

               

          	(vi) 	  	
               Indebtedness incurred in connection with the Receivables Purchase Documents,
               provided, that Receivables Facility Attributed Indebtedness incurred in
               connection therewith does not exceed $100,000,000 in the aggregate at any time. 

               

          	(vii) 	  	
               Indebtedness incurred by Foreign Subsidiaries of the Borrower (excluding
               Obligations incurred hereunder) in an amount not to exceed $25,000,000 in the
               aggregate at any time. 

               

          	(viii) 	  	
               Additional Indebtedness of the Borrower and its Subsidiaries in an aggregate
               principal amount at any one time outstanding not to exceed the greater of (a)
               $65,000,000 or (b) ten percent (10%) of Consolidated Net Worth. 

               

          	(ix) 	  	
               Indebtedness under the Senior Subordinated Notes. 

               

          	(x) 	  	
               Intercompany Indebtedness incurred as a result of the Tax Restructuring.  

               

        6.13     
               Merger. The Borrower will not, nor will it permit any Subsidiary to,
               merge or consolidate with any other Person, except that: 

          	(i) 	  	
               A Subsidiary may merge with the Borrower (so long as the Borrower is the
               surviving corporation). 

               

          	(ii) 	  	
               A Subsidiary may merge with a Wholly-Owned Subsidiary (so long as a Wholly-Owned
               Subsidiary is the surviving corporation). 

               

          	(iii) 	  	
               The Borrower or a Subsidiary may merge with any other Person subject to the
               terms and conditions of clause (xi) of Section 6.15. 

               

          	(iv) 	  	
               Mergers and consolidations may be made in connection with the Tax Restructuring. 

               

        6.14     
               Sale of Assets. The Borrower will not, nor will it permit any Subsidiary
               to, lease, sell or otherwise dispose of its Property, to any other Person except
               for (i) sales of inventory in the ordinary course of business, (ii) the sale,
               discount, or transfer of delinquent accounts receivable in the ordinary course
               of business for purposes of collection only, (iii) occasional sales, leases or
               other dispositions of immaterial assets for consideration not less than fair
               market value, (iv) sales, leases or other dispositions of assets that are
               obsolete or have negligible fair 

70

market value; (v) sales of equipment for a fair
               and adequate consideration (but if replacement equipment is necessary for the
               proper operation of the business of the seller, the seller must promptly replace
               the sold equipment); (vi) any transfer of an interest in Receivables,
               Receivables and Related Security, accounts or notes receivable on a limited
               recourse basis under the Receivables Purchase Documents, provided that
               such transfer qualifies as a legal sale and as a sale under Agreement Accounting
               Principles and that the amount of Receivables Facility Attributed Indebtedness
               does not exceed $100,000,000 at any one time outstanding; and (vi) transactions
               contemplated in connection with the Tax Restructuring; provided,
               however, that the aggregate amount of Property of the Borrower and its
               Subsidiaries leased, sold or disposed of pursuant to any of clauses (ii)
               through (vi) of this Section (excluding any equipment which has been
               promptly replaced) during the twelve-month period ending with the month in which
               any such lease, sale or other disposition occurs shall not constitute a
               Substantial Portion of the Property of the Borrower and its Subsidiaries. 

        6.15     
               Investments and Acquisitions; Guaranty or Pledge Documentation for New
               Subsidiaries. The Borrower will not, nor will it permit any Subsidiary to,
               make or suffer to exist any Investments (including without limitation, loans and
               advances to, and other Investments in, Subsidiaries), or commitments therefor,
               or to create any Subsidiary or to become or remain a partner in any partnership
               or joint venture, or to make any Acquisition of any Person, except: 

          	(i) 	  	
               Short-term obligations (i.e., maturing within one year) of, or fully guaranteed
               by, the United States of America. 

               

          	(ii) 	  	
               Commercial paper rated A-l or better by Standard and Poor’s Ratings Group,
               a division of McGraw Hill Corporation or P-l or better by Moody’s Investors
               Service, Inc. 

               

          	(iii) 	  	
               Certificates of deposit issued by and time deposits with commercial banks
               (whether domestic or foreign) having capital and surplus in excess of
               $100,000,000. 

               

          	(iv) 	  	
               Money-market funds or money-market mutual funds which (a) seek to maintain a
               constant net asset value, (b) maintain fund assets under management having an
               aggregate market value of at least $500,000,000 and (c) invest primarily in
               Investments referred to in clauses (i) through (iii)  above. 

               

          	(v) 	  	
               Demand deposit accounts maintained in the ordinary course of business. 

               

          	(vi) 	  	
               Investments in existence on the date of this Agreement and described in
               Schedule 8 hereto. 

               

          	(vii) 	  	
               Current trade and customer accounts receivable that are for goods furnished or
               services rendered in the ordinary course of business and that are payable on
               terms customary in the trade, including the existing floor plan program offered
               to distributors of the Borrower’s products. 

               

71

          	(viii) 	  	
               Investments evidenced by promissory notes executed by customers of the Borrower
               and payable to the Borrower in an aggregate principal amount not to exceed
               $500,000 at any one time outstanding. 

               

          	(ix) 	  	
               Investments in the SPVs (a) required in connection with the Receivables Purchase
               Documents and (b) resulting from the transfers permitted by Section 6.14
               (vi). 

               

          	(x) 	  	
               Loans, capital contributions and other Investments made subsequent to the date
               of this Agreement, whether in existing Subsidiaries, new Subsidiaries or Persons
               which are not Subsidiaries of the Borrower; provided, that (a) the
               aggregate amount of such Investments to Persons which are not Obligor
               Subsidiaries or a Non-U.S. Subsidiary Borrower of Borrower made during the term
               of this Agreement either (I) does not exceed $40,000,000 (exclusive of the
               Thomas Industries Acquisition) or (II) is made in connection with the Tax
               Restructuring, and (b) the Borrower shall have complied with Section 6.10
               in respect of each Subsidiary not identified on Schedule  5 hereto. 

               

          	(xi) 	  	
               Acquisitions of other Persons made by the Borrower or a Subsidiary subsequent to
               the date of this Agreement; provided, that (a) except with respect to a
               proposed Acquisition where the aggregate consideration to be paid by the
               Borrower or such Subsidiary, as applicable, plus any consideration paid
               in connection with Acquisitions (other than the Thomas Industries Acquisition)
               made by the Borrower during the immediately preceding twelve month period (or,
               if the date of such Acquisition is prior to the first anniversary of the Initial
               Funding Date, the period from such date extending back to the Initial Funding
               Date) is less than $25,000,000, the Borrower shall have supplied the Lenders, at
               least 15 days prior to any such proposed Acquisition, with historic financial
               statements for the Person to be acquired (which financial statements shall
               include the four most recently completed fiscal quarters of such Person, but
               which need not be audited) and pro forma financial statements for such Person
               and the Borrower on a combined and consolidated basis, in a manner acceptable to
               the Agent, which shall demonstrate in the reasonable judgment of the Agent that,
               if such Acquisition were to be consummated, together with Acquisitions made by
               the Borrower in the twelve months preceding the proposed Acquisition, the
               Leverage Ratio would not exceed the Required Ratio (it being understood and
               agreed that if such historic and pro forma financial statements demonstrate, in
               the reasonable judgment of the Agent, that the Leverage Ratio would exceed the
               Required Ratio, the Required Lenders’ consent shall be required for
               consummation of the proposed Acquisition); (b) upon giving effect to each such
               Acquisition (1) the Person so acquired by the Borrower shall have either been
               merged into the Borrower or such Subsidiary (with the Borrower or such
               Subsidiary as the surviving entity) or such Person shall have become a
               Wholly-Owned Subsidiary of the Borrower (and the Borrower shall have complied
               with Section 6.10 in respect of such Subsidiary) and (2) no Default or
               Unmatured Default does exist or would exist after giving effect to the proposed
               Acquisition; (c) prior to the date of such Acquisition, such 

               

72

          	 	  	Acquisition
               shall have been approved by the board of directors and, if applicable, the
               shareholders of the Person whose stock or assets are being acquired in
               connection with such Acquisition and no claim or challenge has been asserted or
               threatened by any shareholder or director of such Person which could reasonably
               be expected to have a material adverse effect on such Acquisition or a Material
               Adverse Effect; and (d) as of the date of any such Acquisition, all
               approvals required in connection with such Acquisition shall have been obtained.
               As used herein, “Required Ratio” means (i) 4.00 to 1.0 for the
               four-quarter periods ending on or before September 30, 2006, (ii) 3.75 to 1.0
               for the four-quarter periods ending on or before September 30, 2008 and (iii)
               3.50 to 1.0 for the four-quarter periods ending on December 31, 2008 and at the
               end of each fiscal quarter thereafter. 

               

          	(xii) 	  	
               Loans, capital contributions and other Investments among the Borrower, the
               Non-U.S. Subsidiary Borrowers and the Obligor Subsidiaries. 

               

          	(xiii) 	  	
               The Thomas Industries Acquisition. 

               

For the purposes of this Section
6.15, Investments and Acquisitions shall be valued at their initial principal amount,
or cost, as the case may be, without giving effect to any interest or dividends paid
thereon or any appreciation or depreciation in the market value thereof; provided,
however, that Investments consisting of loans and advances shall be valued at the
principal amount thereof then remaining unpaid. 

In addition to the foregoing
provisions, the Borrower will not, nor will it permit any consolidated Subsidiary to,
create or acquire a Subsidiary (a “New Subsidiary”) other than in
connection with an Acquisition permitted hereunder or pursuant to any transaction that is
permitted by or not otherwise prohibited by this Agreement; provided that (1) upon
the creation or acquisition of each New Subsidiary (other than a SPV), the Borrower shall,
and shall cause each such New Subsidiary to, comply with Section 6.10; (2) upon the
creation or acquisition of each New Subsidiary which is a Material Domestic Subsidiary or
a Material Foreign Subsidiary (other than a SPV), the Borrower shall or shall cause its
applicable Domestic Subsidiary which is the parent of such Material Domestic Subsidiary or
Material Foreign Subsidiary to promptly (but in any event within 30 days (in the case of
the pledge of equity in a Material Domestic Subsidiary) and 60 days (in the case of the
pledge of equity in a Material Foreign Subsidiary) following the creation or acquisition
thereof, subject, in the case of a Non-U.S. Subsidiary Borrower, to the conditions set
forth in Section 4.2) to execute a Pledge Agreement with respect to 100% of the
capital stock and other equity interests of such Material Domestic Subsidiary and 65% of
the voting capital stock and other equity interests of such Material Foreign Subsidiary;
and (3) in either case, shall deliver appropriate corporate resolutions, opinions and
other documentation in form and substance satisfactory to the Agent in connection
therewith. In addition to the foregoing provisions, if any Subsidiary becomes a Material
Domestic Subsidiary or a Material Foreign Subsidiary (other than a SPV) (whether through
investment, add-on acquisitions, growth or otherwise), the Borrower shall or shall cause
its applicable Domestic Subsidiary which is the parent of such Material Domestic
Subsidiary or Material Foreign Subsidiary to promptly (but in 

73

any event within 30 days (in
the case of the pledge of equity in a Material Domestic Subsidiary) or 60 days (in the
case of the pledge of equity in a Material Foreign Subsidiary) following the end of the
fiscal quarter during which such Subsidiary becomes a Material Domestic Subsidiary or a
Material Foreign Subsidiary) execute a Pledge Agreement with respect to 100% (in the case
of a Material Domestic Subsidiary) or 65% (in the case of a Material Foreign Subsidiary)
of the voting capital stock and other equity interests of such Subsidiary; and shall
deliver appropriate corporate resolutions, opinions and other documentation in form and
substance satisfactory to the Agent in connection therewith; provided,
however, that no Pledge Agreement in respect of a Material Foreign Subsidiary
acquired pursuant to the Thomas Industries Acquisition shall be required to be delivered
hereunder until the date which is sixty (60) days after the Initial Funding Date (or such
later date as the Agent may agree to in the exercise of its reasonable discretion; it
being understood and agreed that the failure to deliver such Pledge Agreements by such
date or such later date shall constitute a Default under Section 7.3). 

        6.16     
               Contingent Obligations and Off Balance Sheet Liabilities. The Borrower
               will not, nor will it permit any Subsidiary to, make or suffer to exist any
               Contingent Obligation (including, without limitation, any Contingent Obligation
               with respect to the obligations of a Subsidiary) or Off Balance Sheet
               Liabilities, except (i) by endorsement of instruments for deposit or collection
               in the ordinary course of business, (ii) Facility LCs issued hereunder, (iii)
               the Parent Guaranty and the Subsidiary Guaranties, (iv) litigation indemnities
               in favor of Cooper existing on the date of this Agreement, (v) an additional
               aggregate amount not to exceed $15,000,000 at any one time outstanding
               consisting of Letters of Credit (excluding all Facility LCs, but including all
               Existing LCs) issued upon the application of the Borrower (but not any
               Subsidiary); (vi) Contingent Obligations of the Borrower with respect to the
               obligations of any Subsidiary or other Person in which the Borrower has a direct
               or indirect Investment, provided that the aggregate amount of all such
               Contingent Obligations, when added to the aggregate amount of all outstanding
               Investments permitted by clause (x) of Section 6.15, shall not at
               any time exceed $20,000,000; (vii) Contingent Obligations of any Obligor
               Subsidiary which is a party to a Subsidiary Guaranty consisting of a guaranty by
               such Obligor Subsidiary of the Indebtedness evidenced by the Senior Subordinated
               Notes; (viii) Off Balance Sheet Liabilities which are included in the
               definition of Consolidated Total Debt provided the Borrower is in compliance
               with the financial covenants of this Agreement; (ix) Contingent Obligations of
               the Borrower or any of its Subsidiaries arising under the Receivables Purchase
               Documents; (x) Contingent Obligations of the Borrower or any of its Subsidiaries
               consisting of a guaranty of any Hedging Obligations of the Borrower or its
               Subsidiaries owing to any Lender or Affiliate of a Lender it its separate
               capacity as the hedge counterparty or provider thereunder, but only to the
               extent such Hedging Obligations are permitted under Section 6.12(iv) and
               (xi) Contingent Obligations under letters of credit identified in Schedule 7
               hereto. 

        6.17     
               Liens. The Borrower will not, nor will it permit any Subsidiary to,
               create, incur, or suffer to exist any Lien in, of or on the Property of the
               Borrower or any of its Subsidiaries, except: 

          	(i) 	  	
               Liens for taxes, assessments or governmental charges or levies on its Property
               if the same shall not at the time be delinquent or thereafter can be paid
               without 

               

74

          	 	  	
penalty, or are being contested in good faith and by appropriate
               proceedings and for which adequate reserves in accordance with generally
               accepted principles of accounting shall have been set aside on its books. 

               

          	(ii) 	  	
               Liens imposed by law, such as carriers’, warehousemen’s and
               mechanics’ liens and other similar liens arising in the ordinary course of
               business which secure payment of obligations not more than 60 days past due or
               which are being contested in good faith by appropriate proceedings and for which
               adequate reserves shall have been set aside on its books. 

               

          	(iii) 	  	
               Liens arising out of pledges or deposits under worker’s compensation laws,
               unemployment insurance, old age pensions, or other social security or retirement
               benefits, or similar legislation. 

               

          	(iv) 	  	
               Utility easements, building restrictions and such other encumbrances or charges
               against real property as are of a nature generally existing with respect to
               properties of a similar character and which do not in any material way affect
               the marketability of the same or interfere with the use thereof in the business
               of the Borrower or the Subsidiaries. 

               

          	(v) 	  	
               Good faith deposits incurred in the ordinary course of business to secure public
               or statutory obligations, to secure or in lieu of surety bonds, or in connection
               with bids or contracts (including, without limitation, the purchase or lease of
               real estate). 

               

          	(vi) 	  	
               Liens securing judgments or orders for the payment of money, or surety or appeal
               bonds with respect to any such judgment or order, in an aggregate amount not
               exceeding $1,000,000, so long as no Default exists with respect thereto under
               Section 7.9. 

               

          	(vii) 	  	
               The interest of a lessor under any conditional sale or Capitalized Lease to the
               Borrower so long as the related Indebtedness is permitted by Section
               6.12. 

               

          	(viii) 	  	
               Any Lien on any asset securing Indebtedness permitted by Section 6.12
               which is incurred or assumed for the purpose of financing all or any part of the
               cost of acquiring such asset, provided that such Lien attaches to such asset
               concurrently with or within 90 days after the acquisition thereof. 

               

          	(ix) 	  	
               Any Lien existing on any asset of any Person at the time such Person becomes a
               Subsidiary or is merged or consolidated with or into the Borrower or a
               Subsidiary, provided that the Indebtedness secured by each such Lien is
               permitted by Section 6.12. 

               

          	(x) 	  	
               Liens existing on the date hereof and described in Schedule 9 hereto
               which secure Indebtedness in existence on the date of this Agreement. 

               

75

          	(xi) 	  	
               Liens arising out of any renewal, extension or refinancing of any Indebtedness
               secured by any Lien permitted by any of clauses (vii), (viii),
               (ix) or (x) above, so long as the principal amount of such
               Indebtedness in not increased thereby and such Indebtedness is not secured by
               any additional Property. 

               

          	(xii) 	  	
               Liens in favor of the United States of America or any state thereof, or any
               department, agency or instrumentality or political subdivision thereof, in favor
               of any other country or political subdivision, to secure partial, progress,
               advance or other payments pursuant to any contract or statute or to secure any
               Indebtedness permitted by Section 6.12 and incurred or guaranteed for the
               purpose of financing or refinancing all or any part of the purchase price of
               Property subject to such Liens, or the cost of constructing or improving the
               Property subject to such Liens, including, without limitation, Liens incurred in
               connection with pollution control, industrial revenue or similar tax-advantaged
               financings; provided the aggregate amount of Indebtedness secured under
               this clause (xii) shall not exceed $20,000,000. 

               

          	(xiii) 	  	
               Liens in favor of the Agent granted pursuant to any Collateral Document. 

               

          	(xiv) 	  	
               Liens arising under the Receivables Purchase Documents, so long as the related
               Indebtedness is permitted by Section 6.12. 

               

        6.18     
               Rentals. The Borrower will not, nor will it permit any Subsidiary to,
               create, incur or suffer to exist obligations for Rentals in excess of
               $25,000,000 during any one fiscal year on a non-cumulative basis in the
               aggregate for the Borrower and its Subsidiaries. 

        6.19     
               Affiliates. The Borrower will not, and will not permit any Subsidiary to,
               enter into any transaction (including, without limitation, the purchase or sale
               of any Property or service) with, or make any payment or transfer to, any
               Affiliate except (i) Permitted Receivables Transfers, (ii) transactions in the
               ordinary course of business and pursuant to the reasonable requirements of the
               Borrower’s or such Subsidiary’s business and upon fair and reasonable
               terms no less favorable to the Borrower or such Subsidiary than the Borrower or
               such Subsidiary would obtain in a comparable arms-length transaction and (iii)
               in connection with the Tax Restructuring. 

        6.20     
               Minimum Consolidated Interest Coverage Ratio. The Borrower will not, as
               of the last day of any fiscal quarter of the Borrower, commencing with the first
               fiscal quarter-end after the Initial Funding Date, permit the Consolidated
               Interest Coverage Ratio for the period of four fiscal quarters ending on such
               day, to be less than (i) 2.75 to 1.0 for the four-quarter periods ending on or
               before September 30, 2006 and (ii) 3.00 to 1.0 for the four-quarter periods
               ending on December 31, 2006 and at the end of each fiscal quarter thereafter. 

        6.21     
               Minimum Consolidated Net Worth. The Borrower will not at any time
               subsequent to the Initial Funding Date permit Consolidated Net Worth to be less
               than the sum of (i) $500,000,000 plus (ii) 50% of Consolidated Net
               Income (if positive) for each fiscal quarter of 

76

the Borrower commencing with the
               first fiscal quarter ending after the Initial Funding Date and concluding with
               the fiscal quarter ending most recently prior to the date of determination, but
               without deduction for any fiscal quarter in which there is a loss. 

        6.22     
               Maximum Leverage Ratio. The Borrower will not, as of the last day of any
               fiscal quarter of the Borrower, commencing with the first fiscal quarter-end
               after the Initial Funding Date, permit the Leverage Ratio for the period of four
               consecutive fiscal quarters ending on such day, to be greater than (i) 4.25 to
               1.0 for the four-quarter periods ending on or before September 30, 2006, (ii)
               4.00 to 1.0 for the four-quarter periods ending on or before September 30, 2008
               and (iii) 3.75 to 1.0 for the four-quarter periods ending on December 31, 2008
               and at the end of each fiscal quarter thereafter. 

        6.23     
               Capital Expenditures. The Borrower will not, nor will it permit any
               Subsidiary to, expend, or be committed to expend, during any period of twelve
               consecutive months on a non-cumulative basis an amount for Consolidated Capital
               Expenditures in the aggregate for the Borrower and its Subsidiaries which
               exceeds five percent (5%) of consolidated revenues for such twelve-month period,
               calculated in each case as of the end of each fiscal-quarter for the twelve
               months then ended. 

        6.24     
               Pledge Agreements. The Borrower shall not at any time permit the
               aggregate assets of all of the Borrower’s Subsidiaries in connection with
               which the Agent has not received a pledge of the required equity pursuant to a
               Pledge Agreement in accordance with Section 6.15 to exceed fifteen
               percent (15%) of consolidated total assets of the Borrower and its Subsidiaries. 

ARTICLE VII:     DEFAULTS

        The
occurrence of any one or more of the following events shall constitute a Default: 

        7.1      Any
representation or warranty made (or deemed made pursuant to Section 4.3 of
this Agreement, any relevant provision of any Pledge Agreement or any relevant provision
of any Subsidiary Guaranty) by the Borrower or any Subsidiary to the Lenders, the Swing
Line Lender, the LC Issuer or the Agent under or in connection with this Agreement, any
Credit Extension, any Subsidiary Guaranty, any Pledge Agreement or any certificate or
information delivered in connection with this Agreement, any Credit Extension or any other
Credit Document shall be materially false on the date as of which made. 

        7.2     
Nonpayment of (a) any Reimbursement Obligation or the principal of any Loan when due, or
(b) interest upon any Loan or Reimbursement Obligation or of any fee payable pursuant to
Section 2.7 or Section 2.23(d) within five days after the same becomes due,
or (c) any other obligations under any of the Credit Documents not referred to in
clauses (a) and (b) above within five days after receipt by the applicable
Borrower of a written demand therefor from the Agent or any Lender, as applicable. 

        7.3     
The breach by the Borrower of any of the terms or provisions of Section 6.2,
6.3 or any of Sections 6.10 through 6.19. 

77

        7.4     
The breach by any Borrower (other than a breach which constitutes a Default under
Section 7.1, 7.2 or 7.3) of any of the terms or provisions of this
Agreement, and such breach continues for 30 days after the first to occur of (i) the date
the applicable Borrower first knows of such breach or (ii) the date the applicable
Borrower receives written notice from any Lender (acting through the Agent) of such
breach. 

        7.5     
Failure of the Borrower or any of its Subsidiaries to pay any Material Indebtedness when
due; or either (i) the Borrower or any of its Subsidiaries shall default in the
performance of any term, provision or condition contained in any agreement or agreements
under which any Material Indebtedness was created or is governed (and any applicable grace
period(s) expressly set forth therein shall have expired) or (ii) any other event shall
occur or condition exist (including any “Amortization Event” or event of like
import in connection with the Receivables Purchase Facility), (a) the effect of which
(under either clause (i) or (ii), as the case may be) is to cause, or to
permit the holder or holders of such Material Indebtedness to cause, such Material
Indebtedness to become due prior to its stated maturity; or any Material Indebtedness of
the Borrower or any of its Subsidiaries shall be declared to be due and payable or
required to be prepaid (other than by a regularly scheduled payment) prior to the stated
maturity thereof or (b) if such event or condition shall occur under any Receivables
Purchase Documents, the effect thereof is to (x) terminate the reinvestment of collections
or proceeds of Receivables and Related Security under any Receivables Purchase Document
(other than a termination resulting solely from the request of the Borrower or any of its
Subsidiaries), or (y) cause the replacement of, or permit the investors thereunder to
replace, the Person then acting as servicer for the related Receivables Purchase Facility;
or the Borrower or any of its Subsidiaries shall not pay, or shall admit in writing its
inability to pay, its debts generally as they become due. 

        7.6     
The Borrower or any of its Subsidiaries shall (i) have an order for relief entered with
respect to it under the Federal bankruptcy laws as now or hereafter in effect, (ii) make
an assignment for the benefit of creditors, (iii) apply for, seek, consent to, or
acquiesce in, the appointment of a receiver, custodian, trustee, examiner, liquidator or
similar official for it or any Substantial Portion of its Property, (iv) institute any
proceeding seeking an order for relief with respect to it under the Federal bankruptcy
laws as now or hereafter in effect or seeking to adjudicate it a bankrupt or insolvent, or
seeking dissolution, winding up, liquidation, reorganization, arrangement, adjustment or
composition of it or its debts under any law relating to bankruptcy, insolvency or
reorganization or relief of debtors or fail to file an answer or other pleading denying
the material allegations of any such proceeding filed against it, (v) take any corporate
action to authorize or effect any of the foregoing actions set forth in this Section
7.6 or (vi) fail to contest in good faith any appointment or proceeding described in
Section 7.7. 

        7.7     
Without the application, approval or consent of the Borrower or any of its Subsidiaries, a
receiver, trustee, examiner, liquidator or similar official shall be appointed for the
Borrower or any of its Subsidiaries or any Substantial Portion of its Property; or a
proceeding described in Section 7.6(iv) shall be instituted against the Borrower or
any of its Subsidiaries and such appointment continues undischarged or such proceeding
continues undismissed or unstayed for a period of 60 consecutive days. 

78

        7.8     
Any court, government or governmental agency shall condemn, seize or otherwise
appropriate, or take custody or control (each a “Condemnation”), of all
or any portion of the Property of the Borrower or any of its Subsidiaries, which, when
taken together with all other Property of the Borrower and its Subsidiaries, or any of
them, so Condemned during the twelve-month period ending with the month in which any such
Condemnation occurs, constitutes a Substantial Portion of the consolidated Property of the
Borrower and its Subsidiaries. 

        7.9     
The Borrower or any of its Subsidiaries shall fail within 30 days to pay, bond or
otherwise discharge any one or more judgments or orders for the payment of money in excess
of $1,000,000 (other than any judgment for which a financially sound and reputable insurer
has admitted in writing liability) in the aggregate, which are not stayed on appeal or
otherwise being appropriately contested in good faith with adequate reserves set aside on
its books in accordance with generally accepted accounting principles. 

        7.10     
The Unfunded Liabilities of all Single Employer Plans shall exceed in the aggregate
$10,000,000; or any Reportable Event shall occur in connection with any Plan; or the
Borrower or any of its Subsidiaries or any other member of the Controlled Group shall
become party to any Multiemployer Plan. 

        7.11     
Except for matters identified on Schedule 6 hereto, the Borrower or any of its
Subsidiaries shall be the subject of any proceeding or investigation pertaining to the
release by the Borrower or any of its Subsidiaries or any other Person of any toxic or
hazardous waste or substance into the environment, or any violation of any federal, state
or local environmental, health or safety law or regulation, which, in either case, could
reasonably be expected to have a Material Adverse Effect. 

        7.12     
Any Change in Control shall occur.

        7.13     
Other than in connection with any transactions which shall be permitted by the terms
hereof or of any other Credit Document or which shall otherwise have been approved in
writing by Required Lenders (or, if required by the terms of Section 8.3 and
Section 8.4, all of the Lenders), the Borrower shall cease to own at least 80% of
the capital stock of each Obligor Subsidiary and each Non-U.S. Subsidiary Borrower. 

        7.14     
The Parent Guaranty, any Subsidiary Guaranty or any Pledge Agreement shall fail to remain
in full force or effect; or any action shall be taken to discontinue or to assert the
invalidity or unenforceability of the Parent Guaranty, any Subsidiary Guaranty or any
Pledge Agreement; or the Borrower or any Subsidiary shall fail to comply with any of the
terms or provisions of the Parent Guaranty, any Subsidiary Guaranty or any Pledge
Agreement to which it is a party and any grace or cure period set forth therein shall have
expired; or the Borrower or any Subsidiary denies that it has any further liability under
the Parent Guaranty, any Subsidiary Guaranty or any Pledge Agreement to which it is a
party, or gives notice to such effect. 

        7.15     
Any of the following shall occur: (i) any Credit Document shall for any reason fail to
create a valid and perfected first priority security interest in any collateral purported
to be 

79

covered thereby, except as permitted by the terms of any Credit Document, (ii) any
Credit Document shall fail to remain in full force or effect, (iii) any action shall be
taken to discontinue or to assert the invalidity or unenforceability of any Credit
Document, or (iv) any Borrower shall fail to comply with any of the terms or provisions of
any Credit Document. 

ARTICLE VIII:     ACCELERATION, DEFAULTING LENDERS, WAIVERS, AMENDMENTS AND REMEDIES

        8.1     
               Remedies. 

             (a)     
               If any Default described in Section 7.6 or 7.7 occurs with respect
               to any Borrower, the Commitments of the Lenders hereunder (and the obligation of
               the Swing Line Lender to make Swing Line Loans and the obligation of a LC Issuer
               to issue Facility LCs) shall automatically terminate and the Obligations shall
               immediately become due and payable without any election or action on the part of
               the Agent, the Swing Line Lender, the LC Issuer or any Lender. If any other
               Default occurs and is continuing, the Required Revolving Lenders may terminate
               or suspend the Revolving Loan Commitments of the Lenders (and the obligation of
               the Swing Line Lender to make Swing Line Loans and the obligation of a LC Issuer
               to issue Facility LCs), the Required Lenders may terminate or suspend the other
               Commitments of the Lenders, or the Required Lenders may declare the Obligations
               to be due and payable, or both, whereupon the Obligations shall become
               immediately due and payable, without presentment, demand, protest or notice of
               any kind, all of which each Borrower hereby expressly waives. The Agent shall
               notify the Borrowers of any action taken by the Required Revolving Lenders or
               the Required Lenders pursuant to the preceding sentence. 

             (b)     
               In addition, each Borrower agrees that upon the occurrence and during the
               continuance of any Default, it shall, if requested at any time by the Agent upon
               instruction from the Required Revolving Lenders, pay (and, in the case of any of
               the Defaults specified in Section 7.6 or 7.7 with respect to any
               Borrower, forthwith, without any demand or the taking of any other action by the
               Agent or any Lender, it shall pay) to the Agent an amount in immediately
               available funds equal to the then aggregate amount of the LC Obligations
               attributable to it (in the applicable currency or currencies of the Facility LCs
               under which such LC Obligations arose) to be held as security therefor for the
               benefit of the Revolving Loan Lenders and the LC Issuer (it being understood and
               agreed that no Non-U.S. Subsidiary Borrower shall be required to make any such
               payments with respect to any LC Obligations incurred by the Borrower). 

             (c)     
               If, within 30 days after acceleration of the maturity of the Obligations or
               termination of the Commitments of the relevant Lenders hereunder (and the
               obligation of the Swing Line Lender to make Swing Line Loans and the obligation
               of the LC Issuer to issue Facility LCs) as a result of any Default (other than
               any Default as described in Section 7.6 or 7.7 with respect to any
               Borrower) and before any judgment or decree for the payment of the Obligations
               due shall have been obtained or entered, the Required Lenders (in their sole
               discretion) shall so direct, the Agent shall, by notice to the Borrowers,
               rescind and annul such acceleration and/or termination. 

80

        8.2     
               Defaulting Lender. In the event that any Lender fails to fund its
               Revolving Loan Percentage or Term Loan Percentage, as applicable, of any Advance
               requested or deemed requested by any Borrower which such Lender is obligated to
               fund under the terms of this Agreement (the funded portion of such Advance being
               hereinafter referred to as a “Non Pro Rata Loan”), until the
               earlier of such Lender’s cure of such failure and the termination of the
               Commitments, the proceeds of all amounts thereafter repaid to the Agent by the
               applicable Borrower and otherwise required to be applied to such Lender’s
               share of all other Obligations pursuant to the terms of this Agreement shall be
               advanced to the applicable Borrower by the Agent (“Cure Loans”)
               on behalf of such Lender to cure, in full or in part, such failure by such
               Lender, but shall nevertheless be deemed to have been paid to such Lender in
               satisfaction of such other Obligations. Notwithstanding anything in this
               Agreement to the contrary: 

          	(i) 	  	
               the foregoing provisions of this Section 8.2 shall apply only with
               respect to the proceeds of payments of Obligations and shall not affect the
               conversion or continuation of Loans pursuant to Section 2.10; 

               

          	(ii) 	  	
               any such Lender shall be deemed to have cured its failure to fund its Revolving
               Loan Percentage or Term Loan Percentage of any Advance at such time as an amount
               equal to such Lender’s original Revolving Loan Percentage or Term Loan
               Percentage, as applicable, of the requested principal portion of such Advance is
               fully funded to the applicable Borrower, whether made by such Lender itself or
               by operation of the terms of this Section 8.2, and whether or not the Non
               Pro Rata Loan with respect thereto has been repaid, converted or continued; 

               

          	(iii) 	  	
               amounts advanced to the applicable Borrower to cure, in full or in part, any
               such Lender’s failure to fund its Revolving Loan Percentage or Term Loan
               Percentage, as applicable, of any Advance shall bear interest at the rate
               applicable to Loans which are Floating Rate Loans, in effect from time to time,
               and for all other purposes of this Agreement shall be treated as if they were
               Floating Rate Loans; 

               

          	(iv) 	  	
               regardless of whether or not a Default has occurred or is continuing, and
               notwithstanding the instructions of the applicable Borrower as to its desired
               application, all repayments of principal which, in accordance with the other
               terms of this Agreement, would be applied to the outstanding Floating Rate Loans
               shall be applied first, ratably to all Floating Rate Loans constituting
               Non Pro Rata Loans, second, ratably to Floating Rate Loans other than
               those constituting Non Pro Rata Loans or Cure Loans and, third, ratably
               to Floating Rate Loans constituting Cure Loans (it being understood and agreed
               that all payments of principal made by any Non-U.S. Subsidiary Borrower shall be
               applied as set forth above only to Loans made to such Non-U.S. Subsidiary
               Borrower); 

               

          	(v) 	  	
               for so long as and until the earlier of any such Lender’s cure of the
               failure to fund its Revolving Loan Percentage or Term Loan Percentage, as
               applicable, of any Advance and the termination of the Commitments, the term
               “Required Lenders” for purposes of this Agreement shall include those
               applicable Lenders (excluding all Lenders whose failure to fund their respective
               applicable Percentages of such Advance have not

               

81

          		  	
 been so cured) whose Percentage
               represents at least fifty-one percent (51%) of the aggregate Percentages of such
               Lenders; and 

               

          	(vi) 	  	
               for so long as and until any such Lender’s failure to fund its Revolving
               Loan Percentage or Term Loan Percentage, as applicable, of any Advance is cured
               in accordance with Section 8.2(ii), (A) such Lender shall not be entitled
               to and the Borrowers shall not be required to pay any facility fees with respect
               to its Commitments and (B) such Lender shall not be entitled to and the
               Borrowers shall not be required to pay any letter of credit fees which would
               otherwise be payable to such Lender. 

               

        8.3     
               Amendments. Subject to the provisions of this Article VIII, the
               Required Lenders (or the Agent with the consent in writing of the Required
               Lenders), the Borrower and (after it has become a party hereto) each Non-U.S.
               Subsidiary Borrower may enter into agreements supplemental hereto for the
               purpose of adding or modifying any provisions to the Credit Documents or
               changing in any manner the rights of the Lenders or the Borrowers hereunder or
               thereunder or waiving any Default hereunder; provided, that no such
               supplemental agreement shall, without the consent of each Lender directly
               affected thereby: 

             (a)     
               Increase (other than pursuant to and in accordance with Section 2.27) or
               decrease the amount of, the Commitment of any Lender (except for a ratable
               decrease in the Commitments of all Lenders) or otherwise subject any Lender to
               any additional obligation; or 

             (b)     
               Reduce the principal of or rate of interest on any Loan, any Reimbursement
               Obligation or any fees hereunder or reduce the amount of any principal payment
               of the Term Loan required by Section  2.3(d); or 

             (c)     
               Postpone the date fixed for any payment of principal of or interest on any Loan,
               any Reimbursement Obligation or any fees hereunder (other than modifications to
               the provisions relating to Designated Prepayments (as defined in Section
               2.4(d)) of the Loans and other Obligations); or 

             (d)     
               Extend the Revolving Loan Termination Date or the Term Loan Final Maturity Date,
               or otherwise extend the term of the Commitment of any Lender; or 

             (e)     
               Change the definition of Required Lenders or the percentage of the Commitments,
               the Outstanding Credit Exposures or the Outstanding LC Exposures, or the number
               of Lenders, which shall be required for the Lenders or any of them to take any
               action under this Section 8.3 or any other provision of the Credit
               Documents; or 

             (f)     
               Permit any Borrower to assign any of its rights or obligations under this
               Agreement; or 

             (g)     
               Other than in connection with any transactions which shall be permitted by the
               terms hereof or of any other Credit Document or which shall otherwise have been

82

approved in writing by Required Lenders (or, if required by the other terms of
               this Section 8.3. all of the Lenders), release the Borrower or any
               Subsidiary from all or any portion of its guaranty liability under its
               respective Parent Guaranty or Subsidiary Guaranty; or 

             (h)     
               Other than in connection with any transactions which shall be permitted by the
               terms hereof or of any other Credit Document or which shall otherwise have been
               approved in writing by Required Lenders (or, if required by the other terms of
               this Section 8.3, all of the Lenders), release any of the collateral
               pledged pursuant to the Pledge Agreements; 

             (i)     
               Waive the requirements of Section 4.1(i), ; or 

             (j)     
               Amend or waive any of the provisions of this Section 8.3. 

        No
amendment of any provision of this Agreement relating to the Agent, the Swing Line Lender
or the LC Issuer shall be effective without the written consent of the Agent, the Swing
Line Lender or the LC Issuer, as the case may be. The Agent may waive payment of the fee
required under Section 12.3.2 without obtaining the consent of any other party to
this Agreement. 

             8.4.     
          Preservation of Rights. No delay or omission of the Lenders, the Swing
          Line Lender or the Agent to exercise any right under the Credit Documents shall
          impair such right or be construed to be a waiver of any Default or Unmatured
          Default or an acquiescence therein, and the making of a Loan or issuance of a
          Letter of Credit notwithstanding the existence of a Default or Unmatured Default
          or the inability of the applicable Borrower to satisfy the conditions precedent
          to such Loan shall not constitute any waiver or acquiescence. Any single or
          partial exercise of any such right shall not preclude other or further exercise
          thereof or the exercise of any other right, and no waiver, amendment or other
          variation of the terms, conditions or provisions of the Credit Documents
          whatsoever shall be valid unless in writing signed by the Lenders required
          pursuant to Section 8.3, and then only to the extent in such writing
          specifically set forth. All remedies contained in the Credit Documents or by law
          afforded shall be cumulative and all shall be available to the Agent and the
          Lenders until the Obligations have been paid in full. 

ARTICLE IX:     GENERAL PROVISIONS

             9.1.     
          Survival of Representations. All representations and warranties of the
          Borrowers contained in this Agreement shall survive delivery of this Agreement
          and the making of the Loans herein contemplated. 

             9.2.     
          Governmental Regulation. Anything contained in this Agreement to the
          contrary notwithstanding, no Lender shall be obligated to extend credit to any
          Borrower in violation of any limitation or prohibition provided by any
          applicable statute or regulation. 

83

             9.3.     
          Taxes. Any taxes (excluding federal income taxes on the overall net
          income of any Lender and except as otherwise provided in Section 2.22) or
          other similar assessments or charges made by any governmental or revenue
          authority in respect of the Credit Documents shall be paid by the applicable
          Borrower, together with interest and penalties, if any. As of the date of this
          Agreement, neither the Borrower nor any Lender is aware of any such taxes,
          assessments or charges. 

             9.4.     
          Headings. Section headings in the Credit Documents are for convenience of
          reference only, and shall not govern the interpretation of any of the provisions
          of the Credit Documents. 

             9.5.     
          Entire Agreement. The Credit Documents embody the entire agreement and
          understanding among the Borrowers, the Agent and the Lenders and, on and after
          the Initial Funding Date but subject to Section 9.10 and Article
          XIV, supersede all prior agreements and understandings among the Borrowers,
          the Agent and the Lenders relating to the subject matter thereof including,
          without limitation, the Existing Credit Agreement (other than contingent
          indemnity obligations which are stated to survive the termination thereof). 

             9.6.     
          Several Obligations; Benefits of this Agreement. The respective
          obligations of the Lenders hereunder are several and not joint and no Lender
          shall be the partner or agent of any other (except to the extent to which the
          Agent is authorized to act as such). The failure of any Lender to perform any of
          its obligations hereunder shall not relieve any other Lender from any of its
          obligations hereunder. This Agreement shall not be construed so as to confer any
          right or benefit upon any Person other than the parties to this Agreement and
          their respective successors and assigns; provided, however, that
          the parties hereto expressly agree that each Arranger shall enjoy the benefits
          of the provisions of Sections 9.7, 9.12 and 10.10 to
          the extent specifically set forth therein and shall have the right to enforce
          such provisions on its own behalf and in its own name to the same extent as if
          it were a party to this Agreement. 

             9.7.     
          Expenses; Indemnification. The Borrower and each Non-U.S. Subsidiary
          Borrower shall reimburse the Agent and each Arranger for any costs, internal
          charges and out-of-pocket expenses (including reasonable attorneys’ fees
          and time charges of attorneys for the Agent and such Arranger, which attorneys
          may be employees of the Agent or such Arranger) paid or incurred by the Agent or
          any Arranger in connection with the preparation, negotiation, execution,
          delivery, syndication, amendment, modification and administration of the Credit
          Documents. The Borrower and each Non-U.S. Subsidiary Borrower also agree to
          reimburse the Agent, the Swing Line Lender, any LC Issuer, the Arrangers and the
          Lenders for any costs, internal charges and out-of-pocket expenses (including
          reasonable attorneys’ fees and time charges of attorneys for the Agent, the
          Swing Line Lender, any LC Issuer, the Arrangers and the Lenders, which attorneys
          may be employees of the Agent, the Swing Line Lender, any LC Issuer, the
          Arrangers or the Lenders and other advisors and professionals engaged by the
          Agent or the Arrangers) paid or incurred by the Agent, the Swing Line Lender,
          any LC Issuer, any Arranger or any Lender in connection with the collection and
          enforcement of the Credit Documents. The Borrower and each Non-U.S. Subsidiary
          Borrower further agree to indemnify the Agent, the Swing Line Lender, any LC
          Issuer, each Arranger and each Lender, its directors, officers and employees

84

against all losses, claims, damages, penalties, judgments, liabilities and
          expenses (including, without limitation, all expenses of litigation or
          preparation therefor whether or not the Agent, the Swing Line Lender, an LC
          Issuer, any Arranger or any Lender is a party thereto) (collectively
          “Losses”) which any of them may pay or incur arising out of or
          relating to this Agreement, the other Credit Documents, the transactions
          contemplated hereby or the direct or indirect application or proposed
          application of the proceeds of any Credit Extension hereunder. The obligations
          of each Borrower under this Section shall survive the termination of this
          Agreement; provided, however, that no Borrower shall be obligated
          to indemnify any Lender, the Agent, the Swing Line Lender, any Arranger or any
          LC Issuer with respect to Losses which arise solely from such Lender’s,
          Agent’s Swing Line Lender’s, Arranger’s or LC Issuer’s gross
          negligence or willful misconduct. Notwithstanding anything to the contrary
          herein, no Borrower shall be liable to reimburse the Agent, the Swing Line
          Lender, the LC Issuers, the Arrangers or any of the Lenders in respect of
          disputes which arise or Losses which are incurred by the Agent, the Swing Line
          Lender, the LC Issuers, the Arrangers or any of the Lenders which arise solely
          as a result of an action or failure to act on the part of the Agent, the Swing
          Line Lender, an LC Issuer, an Arranger or a Lender and which do not relate in
          any way to actions or failures to act on the part of the applicable Borrower or
          any of the Borrower’s Subsidiaries. Without otherwise limiting the
          foregoing, it is understood and agreed that no Non-U.S. Subsidiary Borrower
          shall be obligated to indemnify any Lender, the Agent, the Swing Line Lender,
          any Arranger or any LC Issuer with respect to any amounts determined to be
          attributable to Loans made to, or Obligations incurred by or on behalf of, the
          Borrower. 

             9.8.     
          Numbers of Documents. All statements, notices, closing documents, and
          requests hereunder shall be furnished to the Agent with sufficient counterparts
          so that the Agent may furnish one to each of the Lenders. 

             9.9.     
          Accounting. Except as provided to the contrary herein, all accounting
          terms used herein shall be interpreted and all accounting determinations
          hereunder shall be made in accordance with Agreement Accounting Principles. 

             9.10.     
          Prior Agreement. The Borrower, the Lenders and the Agent agree that, upon
          (i) the execution and delivery of this Agreement by the Lenders and (ii) the
          satisfaction (or waiver by the aforementioned parties) of the conditions
          precedent set forth in Section 4.1, the terms and provisions of the
          Existing Credit Agreement shall be amended, superseded and restated in their
          entirety by the terms and provisions of this Agreement. This Agreement is not
          intended to and shall not constitute a novation of the Existing Credit Agreement
          or the indebtedness created thereunder. The commitment of each Lender that is a
          party to the Existing Credit Agreement shall, on the Initial Funding Date,
          automatically be deemed amended and the only Commitments shall be those
          hereunder; provided, however, that the commitment of each lender
          under the Existing Credit Agreement that is not a Lender under this Agreement
          shall terminate on the Initial Funding Date. 

             9.11.     
          Severability of Provisions. Any provision in any Credit Document that is
          held to be inoperative, unenforceable, or invalid in any jurisdiction shall, as
          to that jurisdiction, be inoperative, unenforceable, or invalid without
          affecting the remaining provisions in that 

85

jurisdiction or the operation,
          enforceability, or validity of that provision in any other jurisdiction, and to
          this end the provisions of all Credit Documents are declared to be severable. 

             9.12.     
          Nonliability of Lenders. The relationship between the Borrowers on the
          one hand and the Lenders, the Swing Line Lender, the LC Issuers and the Agent on
          the other hand shall be solely that of borrower and lender. Neither the Agent,
          the Arrangers, the Swing Line Lender, the LC Issuers nor any Lender shall have
          any fiduciary responsibilities to any Borrower or vice versa. Neither the Agent,
          the Arrangers, the Swing Line Lender, the LC Issuers nor any Lender undertakes
          any responsibility to the Borrowers to review or inform any Borrower of any
          matter in connection with any phase of the Borrowers’ business or
          operations. 

             9.13.     
          CHOICE OF LAW. THE CREDIT DOCUMENTS (OTHER THAN THOSE CONTAINING A
          CONTRARY EXPRESS CHOICE OF LAW PROVISION) SHALL BE CONSTRUED IN ACCORDANCE WITH
          THE INTERNAL LAWS (AND NOT THE LAW OF CONFLICTS) OF THE STATE OF ILLINOIS, BUT
          GIVING EFFECT TO FEDERAL LAWS APPLICABLE TO NATIONAL BANKS. 

             9.14.     
          CONSENT TO JURISDICTION. THE BORROWERS, THE AGENT, THE LC ISSUER AND EACH
          LENDER EACH HEREBY IRREVOCABLY SUBMITS TO THE NON-EXCLUSIVE JURISDICTION OF ANY
          UNITED STATES FEDERAL OR ILLINOIS STATE COURT SITTING IN CHICAGO IN ANY ACTION
          OR PROCEEDING ARISING OUT OF OR RELATING TO ANY CREDIT DOCUMENTS AND EACH SUCH
          PARTY HEREBY IRREVOCABLY AGREES THAT ALL CLAIMS IN RESPECT OF SUCH ACTION OR
          PROCEEDING MAY BE HEARD AND DETERMINED IN ANY SUCH COURT AND IRREVOCABLY WAIVES
          ANY OBJECTION IT MAY NOW OR HEREAFTER HAVE AS TO THE VENUE OF ANY SUCH SUIT,
          ACTION OR PROCEEDING BROUGHT IN SUCH A COURT OR THAT SUCH COURT IS AN
          INCONVENIENT FORUM. NOTHING HEREIN SHALL LIMIT THE RIGHT OF THE AGENT, THE LC
          ISSUER OR ANY LENDER TO BRING PROCEEDINGS AGAINST EITHER BORROWER IN THE COURTS
          OF ANY OTHER JURISDICTION. ANY JUDICIAL PROCEEDING BY EITHER BORROWER AGAINST
          THE AGENT, THE LC ISSUER OR ANY LENDER OR ANY AFFILIATE OF THE AGENT, THE LC
          ISSUER OR ANY LENDER INVOLVING, DIRECTLY OR INDIRECTLY, ANY MATTER IN ANY WAY
          ARISING OUT OF, RELATED TO, OR CONNECTED WITH ANY CREDIT DOCUMENT SHALL BE
          BROUGHT ONLY IN A COURT IN CHICAGO, ILLINOIS. 

             9.15.     
          WAIVER OF JURY TRIAL. THE BORROWERS, THE AGENT, THE LC ISSUER AND EACH
          LENDER HEREBY WAIVE TRIAL BY JURY IN ANY JUDICIAL PROCEEDING INVOLVING, DIRECTLY
          OR INDIRECTLY, ANY MATTER (WHETHER SOUNDING IN TORT, CONTRACT OR OTHERWISE) IN
          ANY WAY ARISING OUT OF, RELATED TO, OR CONNECTED WITH ANY CREDIT DOCUMENT OR THE
          RELATIONSHIP ESTABLISHED THEREUNDER. 

             9.16.     
          Agent for Service of Process. Upon becoming a party hereto, each Non-U.S.
          Subsidiary Borrower hereby irrevocably appoints the Borrower as its agent for
          service of process 

86

in any proceeding referred to in Section 9.14 of this
          Agreement and agrees that service of process in any such proceeding may be made
          by mailing or delivering a copy thereof to it care of Borrower at its address
          for notices set forth in Article XIII of this Agreement. 

             9.17.     
          Confidentiality. Each Lender agrees to hold any confidential information
          which it may receive from any Borrower pursuant to this Agreement in confidence,
          except for disclosure (i) to other Lenders and their respective Affiliates, (ii)
          to legal counsel, accountants, and other professional advisors to that Lender or
          to a Transferee, (iii) to regulatory officials exercising regulatory functions
          over or with respect to any Lender, (iv) to any Person as required by law,
          regulation, or legal process, (v) to any Person in connection with any legal
          proceeding to which that Lender is a party, and (vi) as permitted by Section
          12.4. 

             9.18.     
          USA Patriot Act Notification. The following notification is provided to
          the Borrowers pursuant to Section 326 of the USA Patriot Act of 2001, 31 U.S.C.
          Section 5318: 

IMPORTANT INFORMATION ABOUT
PROCEDURES FOR OPENING A NEW ACCOUNT. To help the government of the United States of
America fight the funding of terrorism and money laundering activities, Federal law
requires all financial institutions to obtain, verify, and record information that
identifies each Person that opens an account, including any deposit account, treasury
management account, loan, other extension of credit, or other financial services product.
Accordingly, when any Borrower opens an account, the Agent and the Lenders will ask for
such Borrower’s name, tax identification number, business address, and other
information that will allow the Agent and the Lenders to identify such Borrower. The Agent
and the Lenders may also ask to see such Borrower’s legal organizational documents or
other identifying documents. 

ARTICLE X:     THE AGENT

             10.1.     
          Appointment. JPMorgan is hereby appointed Agent hereunder and under each
          other Credit Document, and each of the Lenders irrevocably authorizes the Agent
          to act as the contractual representative of such Lender with the rights and
          duties as expressly set forth herein. The Agent agrees to act as such upon the
          express conditions contained in this Article X. The Agent shall not have
          a fiduciary relationship in respect of any Borrower or any Lender by reason of
          this Agreement. 

             10.2.     
          Powers. The Agent shall have and may exercise such powers under the
          Credit Documents as are specifically delegated to the Agent by the terms of each
          thereof, together with such powers as are reasonably incidental thereto. The
          Agent shall have no implied duties to the Lenders, or any obligation to the
          Lenders to take any action thereunder except any action specifically provided by
          the Credit Documents to be taken by the Agent. 

             10.3.     
          General Immunity. Neither the Agent nor any of its directors, officers,
          agents or employees shall be liable to any Borrower, the Lenders or any Lender
          for any action taken or omitted to be taken by it or them hereunder or under any
          other Credit Document or in connection herewith or therewith except for its or
          their own gross negligence or willful misconduct. 

87

             10.4.     
          No Responsibility for Loans, Recitals, etc. Neither the Agent nor any of
          its directors, officers, agents or employees shall be responsible for or have
          any duty to ascertain, inquire into, or verify (i) any statement, warranty or
          representation made in connection with any Credit Document or any borrowing
          hereunder; (ii) the performance or observance of any of the covenants or
          agreements of any obligor under any Credit Document, including, without
          limitation, any agreement by any Borrower to furnish information directly to
          each Lender; (iii) the satisfaction of any condition specified in Article
          IV, except receipt of items required to be delivered to the Agent; (iv) the
          value, sufficiency, creation, perfection or priority of any Lien in any
          collateral security; or (v) the validity, effectiveness or genuineness of any
          Credit Document or any other instrument or writing furnished in connection
          therewith. The Agent shall have no duty to disclose to the Lenders information
          that is not required to be furnished by a Borrower to the Agent at such time,
          but is voluntarily furnished by a Borrower to the Agent (either in its capacity
          as Agent or in its individual capacity). 

             10.5.     
          Action on Instructions of Lenders. The Agent shall in all cases be fully
          protected in acting, or in refraining from acting, hereunder and under any other
          Credit Document in accordance with written instructions signed by the Required
          Lenders (except to the extent Section 8.3 requires the unanimous consent
          of all Lenders), and such instructions and any action taken or failure to act
          pursuant thereto shall be binding on all of the Lenders. The Agent shall be
          fully justified in failing or refusing to take any action hereunder and under
          any other Credit Document unless it shall first be indemnified to its
          satisfaction by the Lenders pro rata against any and all liability, cost and
          expense that it may incur by reason of taking or continuing to take any such
          action. 

             10.6.     
          Employment of Agents and Counsel. The Agent may execute any of its duties
          as Agent hereunder and under any other Credit Document by or through employees,
          agents, and attorneys-in-fact and shall not be answerable to the Lenders, except
          as to money or securities received by it or its authorized agents, for the
          default or misconduct of any such agents or attorneys-in-fact selected by it
          with reasonable care. The Agent shall be entitled to advice of counsel
          concerning all matters pertaining to the agency hereby created and its duties
          hereunder and under any other Credit Document. 

             10.7.     
          Reliance on Documents; Counsel. The Agent shall be entitled to rely upon
          any notice, consent, certificate, affidavit, letter, telegram, statement, paper
          or document believed by it to be genuine and correct and to have been signed or
          sent by the proper person or persons, and, in respect to legal matters, upon the
          opinion of counsel selected by the Agent, which counsel may be employees of the
          Agent. 

             10.8.     
          Agent’s Reimbursement and Indemnification. The Lenders agree to
          reimburse and indemnify the Agent ratably in proportion to their respective
          Commitments or, if the Commitments have terminated, their Outstanding Credit
          Exposure (i) for any amounts not reimbursed by any Borrower for which the Agent
          is entitled to reimbursement by the applicable Borrower pursuant to Section
          9.7, (ii) for any other expenses incurred by the Agent on behalf of the
          Lenders, in connection with the collection and enforcement of the Credit
          Documents and (iii) for any liabilities, obligations, losses, damages,
          penalties, actions, judgments, suits, costs, 

88

expenses or disbursements of any
          kind and nature whatsoever which may be imposed on, incurred by or asserted
          against the Agent in any way relating to or arising out of the Credit Documents
          or any other document delivered in connection therewith or the transactions
          contemplated thereby, or the enforcement of any of the terms thereof or of any
          such other documents, provided that no Lender shall be liable for any of the
          foregoing to the extent any of the foregoing arise from the gross negligence or
          willful misconduct of the Agent. The obligations of the Lenders under this
          Section 10.8 shall survive payment of the Obligations and termination of
          this Agreement. 

             10.9.     
          Rights as a Lender. In the event the Agent is a Lender, the Agent shall
          have the same rights and powers hereunder and under any other Credit Document as
          any Lender and may exercise the same as though it were not the Agent, and the
          term “Lender” or “Lenders” shall, at any time when the Agent
          is a Lender, unless the context otherwise indicates, include the Agent in its
          individual capacity. The Agent may accept deposits from, lend money to, and
          generally engage in any kind of trust, debt, equity or other transaction, in
          addition to those contemplated by this Agreement or any other Credit Document,
          with the Borrowers or any of the Borrower’s Subsidiaries in which such
          Borrower or such Subsidiary is not restricted hereby from engaging with any
          other Person. The Agent, in its individual capacity, is not obligated to remain
          a Lender. 

             10.10.     
          Lender Credit Decision. Each Lender acknowledges that it has,
          independently and without reliance upon the Agent, the Arrangers or any other
          Lender and based on the financial statements prepared by the Borrower and such
          other documents and information as it has deemed appropriate, made its own
          credit analysis and decision to enter into this Agreement and the other Credit
          Documents. Each Lender also acknowledges that it will, independently and without
          reliance upon the Agent, the Arrangers or any other Lender and based on such
          documents and information as it shall deem appropriate at the time, continue to
          make its own credit decisions in taking or not taking action under this
          Agreement and the other Credit Documents. 

             10.11.     
          Successor Agent. The Agent may resign at any time by giving written
          notice thereof to the Lenders and the Borrower, such resignation to be effective
          upon the appointment of a successor Agent or, if no successor Agent has been
          appointed, forty-five days after the retiring Agent gives notice of its
          intention to resign. Upon any such resignation, the Required Lenders shall have
          the right to appoint a successor Agent on behalf of the Lenders and the
          Borrowers, with the Borrower’s consent (provided such consent may not be
          unreasonably withheld or delayed and provided further no such consent shall be
          required if a Default shall have occurred and be continuing). If no successor
          Agent shall have been so appointed by the Required Lenders or consented to by
          the Borrower (if such consent is required) within thirty days after the
          resigning Agent’s giving notice of its intention to resign, then the
          resigning Agent may appoint, on behalf of the Borrowers and the Lenders, a
          successor Agent. If the Agent has resigned and no successor Agent has been
          appointed, the Lenders may perform all the duties of the Agent hereunder and
          each Borrower shall make all payments in respect of its respective Obligations
          to the applicable Lender and for all other purposes shall deal directly with the
          Lenders. No successor Agent shall be deemed to be appointed hereunder until such
          successor Agent has accepted the appointment. Any such successor Agent shall be
          a commercial bank 

89

having capital and retained earnings of at least $100,000,000.
          Upon the acceptance of any appointment as Agent hereunder by a successor Agent,
          such successor Agent shall thereupon succeed to and become vested with all the
          rights, powers, privileges and duties of the resigning or removed Agent. Upon
          the effectiveness of the resignation of the Agent, the resigning Agent shall be
          discharged from its duties and obligations hereunder and under the Credit
          Documents. After the effectiveness of the resignation of an Agent, the
          provisions of this Article X shall continue in effect for the benefit of
          such Agent in respect of any actions taken or omitted to be taken by it while it
          was acting as the Agent hereunder and under the other Credit Documents. 

             10.12.     
          Agent’s Fees. The Borrowers agree to pay to the Agent and the
          Lenders, for their own respective accounts, the fees agreed to by the Borrower
          pursuant to that certain letter agreement dated March 31, 2005, or as otherwise
          agreed from time to time (it being understood and agreed that no Non-U.S.
          Subsidiary Borrower shall be liable for payment of any fees determined to be
          attributable to the Borrower). 

             10.13.     
          Execution of Guarantees and Collateral Documents. The Lenders, the Swing
          Line Lender and the LC Issuers hereby empower and authorize the Agent to execute
          and deliver to the applicable Borrower on their behalf the Parent Guaranty,
          Subsidiary Guaranties, Pledge Agreement(s) and all related agreements, documents
          or instruments as shall be necessary of appropriate to effect the purposes of
          the Parent Guaranty, Subsidiary Guaranties and Pledge Agreement(s). 

             10.14.     
          Collateral and Guaranty Releases. The Lenders, the Swing Line Lender and
          the LC Issuers hereby empower and authorize the Agent to execute and deliver to
          the applicable Borrower on their behalf any agreements, documents or instruments
          as shall be necessary or appropriate to effect any releases of any
          entities’ liability with respect to the Parent Guaranty or any Subsidiary
          Guaranty or release of any collateral pledged pursuant to any Pledge Agreement
          in connection with any transactions which shall be permitted by the terms hereof
          or of any other Credit Document or which shall otherwise have been approved in
          writing by the Required Lenders (or, if required by the terms of Section
          8.3 and Section 8.4, all of the Lenders). 

             10.15.     
          No Duties Imposed on Syndication Agents, Co-Documentation Agents or
          Arrangers. Except as specifically provided otherwise herein with respect to
          the rights and benefits of the Arranger hereunder, none of the Persons
          identified on the cover page to this Agreement, the signature pages to this
          Agreement or otherwise in this Agreement as a “Syndication Agent”,
          “Co-Documentation Agent” or “Arranger” shall have any right,
          power, obligation, liability, responsibility or duty under this Agreement other
          than if such Person is a Lender, those applicable to all Lenders as such.
          Without limiting the foregoing, none of the Persons identified on the cover page
          to this Agreement, the signature pages to this Agreement or otherwise in this
          Agreement as a “Syndication Agent”, “Co-Documentation Agent”
          or “Arranger” shall have or be deemed to have any fiduciary duty to or
          fiduciary relationship with any Lender. In addition to the agreement set forth
          in Section 10.10, each of the Lenders acknowledges that it has not
          relied, and will not rely, on any of the Persons so identified in deciding to
          enter into this Agreement or in taking or not taking action hereunder. 

90

ARTICLE XI:     SETOFF; RATABLE PAYMENTS

             11.1.     
          Setoff. In addition to, and without limitation of, any rights of the
          Lenders under applicable law, if any Default or Unmatured Default occurs, any
          and all deposits (including all account balances, whether provisional or final
          and whether or not collected or available) and any other Indebtedness at any
          time held or owing by any Lender to or for the credit or account of the
          applicable Borrower may be offset and applied toward the payment of the
          Obligations owing to such Lender, whether or not the Obligations, or any part
          hereof, shall then be due (it being understood and agreed that no deposits of
          any Non-U.S. Subsidiary Borrower or Indebtedness held by or owing to any
          Non-U.S. Subsidiary Borrower shall be offset by any Lender and applied toward
          any Obligations incurred by or on behalf of the Borrower); it being
          understood that, in order to effect such setoff, any Lender may combine
          currencies at the then-effective buy and sell spot rate of exchange of such
          Lender with respect to such currencies. 

             11.2.     
          Ratable Payments. If any Lender, whether by setoff or otherwise, has
          payment made to it upon its share of any Advance (other than payments received
          pursuant to Sections 3.1, 3.2 or 3.4) in a greater
          proportion than that received by any other Lender, such Lender agrees, promptly
          upon demand, to purchase a portion of the Loans comprising that Advance held by
          the other Lenders so that after such purchase each Lender will hold its ratable
          proportion of Loans comprising that Advance. If any Lender, whether in
          connection with setoff or amounts which might be subject to setoff or otherwise,
          receives collateral or other protection for its Obligations or such amounts
          which may be subject to setoff, such Lender agrees, promptly upon demand, to
          take such action necessary such that all Lenders share in the benefits of such
          collateral ratably in proportion to their Loans. In case any such payment is
          disturbed by legal process, or otherwise, appropriate further adjustments shall
          be made. 

             11.3.     
          Relations Among Lenders. The Lenders are not partners or co-venturers,
          and no Lender shall be liable for the acts or omissions of or (except as
          otherwise set forth herein with respect to the Agent) authorized to act for or
          on behalf of any other Lender. 

             11.4.     
          Application of Payments. Subject to the provisions of Section 8.2,
          the Agent shall, unless otherwise specified at the direction of the Required
          Lenders which direction shall be consistent with the last sentence of this
          Section 11.4, apply all payments and prepayments in respect of any
          Obligations and all proceeds of collateral in the following order: 

                  (a)    
          first, to pay Obligations in respect of any fees, expense reimbursements
          or indemnities then due to the Agent; 

                  (b)    
          second, to the ratable payment of Obligations in respect of any fees,
          expense reimbursements or indemnities then due to the Lenders and the LC
          Issuer(s); 

                  (c)    
          third, to the ratable payment of interest due in respect of Loans and LC
          Obligations; 

                  (d)    
          fourth, to the ratable payment or prepayment of principal outstanding on
          Loans, Reimbursement Obligations and Hedging Obligations; 

91

                  (e)    
          fifth, to provide required cash collateral, if required pursuant to
          Section 2.23 and 

                  (f)    
          sixth, to the ratable payment of all other Obligations. 

Unless otherwise designated (which
designation shall only be applicable prior to the occurrence of a Default) by the
Borrower, all principal payments in respect of Loans (other than Swing Line Loans) shall
be applied first, to repay outstanding Floating Rate Loans, and then to
repay outstanding Eurocurrency Loans with those Eurocurrency Loans which have earlier
expiring Interest Periods being repaid prior to those which have later expiring Interest
Periods. The order of priority set forth in this Section 11.4 and the related
provisions of this Agreement are set forth solely to determine the rights and priorities
of the Agent, the Lenders, the LC Issuer(s) and other holders of Obligations as among
themselves. The order of priority set forth in clauses (b) through (f) of
this Section 11.4 may at any time and from time to time be changed by the Required
Lenders without necessity of notice to or consent of or approval by the Borrower, or any
other Person. The order of priority set forth in clause (a) of this Section
11.4 may be changed only with the prior written consent of the Agent. 

ARTICLE XII:     BENEFIT OF AGREEMENT; ASSIGNMENTS; PARTICIPATION

             12.1.     
          Successors and Assigns. The terms and provisions of the Borrower Credit
          Documents and the Non-U.S. Subsidiary Borrower Credit Documents shall be binding
          upon and inure to the benefit of the Borrower and the Non-U.S. Subsidiary
          Borrowers, respectively, and the Lenders and their respective successors and
          assigns, except that (i) neither the Borrower nor any Non-U.S. Subsidiary
          Borrower shall have the right to assign its rights or obligations under the
          Borrower Credit Documents or the Non-U.S. Subsidiary Borrower Credit Documents,
          respectively, and (ii) any assignment by any Lender must be made in compliance
          with Section 12.3. Notwithstanding clause (ii) of this Section,
          any Lender may at any time, without the consent of the Borrower, any Non-U.S.
          Subsidiary Borrower or the Agent, assign all or any portion of its rights under
          the Credit Documents to a Federal Reserve Bank; provided, however, that no such
          assignment shall release the transferor Lender from its obligations hereunder.
          The Agent may treat any Lender as the owner of the Loans made by such Lender
          hereunder for all purposes hereof unless and until such payee complies with
          Section 12.3 in the case of an assignment thereof or, in the case of any
          other transfer, a written notice of the transfer is filed with the Agent. Any
          assignee or transferee of a Loan agrees by acceptance thereof to be bound by all
          the terms and provisions of the Credit Documents. Any request, authority or
          consent of any Person, who at the time of making such request or giving such
          authority or consent is the owner of any Loan, shall be conclusive and binding
          on any subsequent holder, transferee or assignee of such Loan. 

             12.2.     
          Participation. 

                       12.2.1.     
          Permitted Participants; Effect. Any Lender may, in the ordinary course of
          its business and in accordance with applicable law, at any time sell to one or
          more banks or other entities (“Participants”) participating interests
          in any Outstanding Credit Exposure owing to such 

92

Lender, any Loans owned by such
          Lender, any Commitment of such Lender or any other interest of such Lender under
          the Credit Documents. In the event of any such sale by a Lender of participating
          interests to a Participant, such Lender’s obligations under the Credit
          Documents shall remain unchanged, such Lender shall remain solely responsible to
          the other parties hereto for the performance of such obligations, such Lender
          shall remain the owner of all Loans made by it for all purposes under the Credit
          Documents, all amounts payable by each Borrower under this Agreement shall be
          determined as if such Lender had not sold such participating interests, and each
          Borrower, the LC Issuer and the Agent shall continue to deal solely and directly
          with such Lender in connection with such Lender’s rights and obligations
          under the Credit Documents except that, for purposes of Sections 3.1,
          3.2 or 3.4 hereof, the Participants shall be entitled to the same
          rights as if they were Lenders provided however that no Participant shall be
          entitled to receive any greater payment under Sections 3.1, 3.2 or
          3.4 than the Lender would have been entitled to receive with respect to
          the rights participated. 

                       12.2.2.     
          Voting Rights. Each Lender shall retain the sole right to approve,
          without the consent of any Participant, any amendment, modification or waiver of
          any provision of the Credit Documents, other than any such amendment,
          modification or waiver which requires the unanimous consent of the Lenders under
          Section 8.3 and Section 8.4. 

                       12.2.3.     
          Benefit of Setoff. Each Borrower agrees that each Participant shall be
          deemed to have the right of setoff provided in Section 11.1 in respect of
          its participating interest in amounts owing under the Credit Documents to the
          same extent as if the amount of its participating interest were owing directly
          to it as a Lender under the Credit Documents, provided that each Lender shall
          retain the right of setoff provided in Section 11.1 with respect to the
          amount of participating interests sold to each Participant. The Lenders agree to
          share with each Participant, and each Participant, by exercising the right of
          setoff provided in Section 11.1, agrees to share with each Lender, any
          amount received pursuant to the exercise of its right of setoff, such amounts to
          be shared in accordance with Section 11.2 as if each Participant were a
          Lender. 

             12.3.     
          Assignments. 

                       12.3.1.     
          Permitted Assignments. Any Lender may, in the ordinary course of its
          business and in accordance with applicable law, at any time assign to one or
          more banks or other entities (“Purchasers”) all or any part of its
          rights and obligations under the Credit Documents; provided, that, unless
          the assignment is to another Lender, an Affiliate thereof or an Approved Fund
          and except as the Agent and the Borrower shall otherwise agree, each such
          assignment shall be in the minimum principal amount of not less than the lesser
          of (i) $5,000,000 in the case of a Revolving Loan Commitment or $1,000,000 in
          the case of a Term Loan and (ii) the amount of such Lender’s
          Commitments or Loans as of the proposed date of such assignment, and each such
          assignment shall be of a constant, and not a varying, percentage of the
          assigning Lender’s rights and obligations under this Agreement and the
          assignment shall cover the same percentage of such Lender’s commitment,
          Loans and interest in Facility LCs (provided that this clause shall not be
          construed to prohibit the assignment of a part or all of the assigning
          Lender’s rights and obligations in respect of one Facility and not the
          other Facility). Each such assignment shall be 

93

substantially in the form of
          Exhibit I hereto or in such other form as may be agreed to by the Agent
          and the parties thereto. The consent of the Borrower shall be required prior to
          an assignment becoming effective with respect to a Purchaser which is not an
          Affiliate of a Lender or an Approved Fund (which consent may not be unreasonably
          withheld); provided, that if (i) a Default has occurred and is
          continuing or (ii) the assignment is pursuant to the physical settlement of
          credit derivative transactions, the consent of the Borrower shall not be
          required. The consent of the Agent (not to be unreasonably withheld) shall be
          required prior to an assignment becoming effective; provided that no consent of
          the Agent shall be required for an assignment of all or any portion of the Term
          Loan to a Lender, an Affiliate of a Lender or an Approved Fund. 

                       12.3.2.     
          Effect; Effective Date. Upon Purchaser’s (i) delivery to the Agent
          of a notice of assignment, substantially in the form attached as Exhibit
          “A” to Exhibit I hereto (a “Notice of Assignment”),
          together with any consents required by Section 12.3.1, and (ii) payment
          of a $3,500 fee (except in the case of an assignment from a Lender to its
          Affiliate or Approved Fund) to the Agent for processing such assignment, such
          assignment shall become effective on the effective date specified in such Notice
          of Assignment. On and after the effective date of such assignment, such
          Purchaser shall for all purposes be a Lender party to this Agreement and any
          other Credit Document executed by the Lenders and shall have all the rights and
          obligations of a Lender under the Credit Documents, to the same extent as if it
          were an original party hereto, and no further consent or action by any Borrower,
          the Lenders, the LC Issuer or the Agent shall be required to release the
          transferor Lender with respect to the percentage of the Aggregate Revolving Loan
          Commitment and Outstanding Credit Exposure assigned to such Purchaser. Upon the
          consummation of any assignment to a Purchaser pursuant to this Section
          12.3.2, the transferor Lender, the Agent and the Borrowers shall make
          appropriate arrangements so that, to the extent promissory notes have been
          issued to evidence any of the transferred Loans, replacement promissory notes
          are issued to the transferor Lender and a new promissory notes or, as
          appropriate, replacement promissory notes are issued to such Purchaser, in each
          case in principal amounts reflecting their Commitment, as adjusted pursuant to
          such assignment. Upon the Purchaser’s receipt of new or replacement
          promissory notes, the transferor Lender shall return its old promissory notes to
          the applicable Borrower appropriately legended. 

                       12.3.3.     
          Register. The Agent shall maintain at its address referred to in
          Section 13.1 a copy of each assignment delivered to and accepted by it
          pursuant to this Section 12.3 and a register (the
          “Register”) for the recordation of the names and addresses of
          the Lenders and the Commitments of and principal amount of the Loans owing to,
          each Lender from time to time and whether such Lender is an original Lender or
          the assignee of another Lender pursuant to an assignment under this Section
          12.3. The entries in the Register shall be conclusive and binding for all
          purposes, absent manifest error, and each Borrower, the Agent and the Lenders
          may treat each Person whose name is recorded in the Register as a Lender
          hereunder for all purposes of this Agreement. The Register shall be available
          for inspection by any Borrower or any Lender at any reasonable time and from
          time to time upon reasonable prior notice. 

94

             12.4.     
          Dissemination of Information. Each Borrower authorizes each Lender to
          disclose to any Participant or Purchaser or any other Person acquiring an
          interest in the Credit Documents by operation of law (each a
          “Transferee”) and any prospective Transferee, or to any direct,
          indirect, actual or prospective counterparty (and its advisors) to any swap,
          derivative or securitization transaction related to the obligations under this
          Agreement, any and all information in such Lender’s possession concerning
          the creditworthiness of the Borrower and its Subsidiaries; provided, that
          each Transferee, prospective Transferee and such counterparties and advisors
          agree to be bound by Section 9.17 of this Agreement. 

             12.5.     
          Tax Treatment. If any interest in any Credit Document is transferred to
          any Transferee which is organized under the laws of any jurisdiction other than
          the United States or any State thereof, the transferor Lender shall cause such
          Transferee, concurrently with the effectiveness of such transfer, to comply with
          the provisions of Section 2.18. 

ARTICLE XIII:     NOTICES

             13.1.     
          Giving Notice. Except as otherwise permitted by Section 2.13 with
          respect to borrowing notices, all notices and other communications provided to
          any party hereto under this Agreement or any other Credit Document shall be
          given either in writing or by facsimile and addressed or delivered to such party
          at its address or facsimile number, as the case may be, set forth below its
          signature hereto or at such other address or facsimile number as may be
          designated by such party in a notice to the other parties. Any notice, if mailed
          and properly addressed with postage prepaid, shall be deemed given when
          received; any notice, if properly transmitted by facsimile, shall be deemed
          given when transmitted. 

             13.2.     
          Change of Address. Each Borrower, the Agent, the LC Issuer and any Lender
          may each change the address and/or facsimile number for service of notice upon
          it by a notice in writing to the other parties hereto. 

ARTICLE XIV:     COUNTERPARTS

        This
Agreement may be executed in any number of counterparts, all of which taken together shall
constitute one agreement, and any of the parties hereto may execute this Agreement by
signing any such counterpart. This Agreement shall be effective when it has been executed
by the Borrower, the Agent, the LC Issuer and the Lenders and each party has notified the
Agent by facsimile or telephone, that it has taken such action. 

[Signature Pages Follow] 

95

        IN
WITNESS WHEREOF, the Borrower, the Lenders, the LC Issuer and the Agent have executed this
Agreement as of the date first above written. 

	  	 GARDNER DENVER, INC.

	  	By: 	 /s/ Helen W. Cornell
 

	  	Print Name: 	 Helen W. Cornell
 

	  	Title: 	 Vice President, Finance and CFO
 

	  	Address:

	  	 1800 Gardner Expressway
	  	 Quincy, Illinois 62305

	  	Attention: 	 Michael A. Sommer
	  	 	 Treasurer

	  	Telephone: 	 (217) 228-8231
	  	Facsimile: 	 (217) 221-8798

Signature Page to

Third Amended and Restated Credit Agreement

Gardner Denver, Inc.

	  	JPMORGAN CHASE BANK, N.A. (successor by merger to Bank One,

                                                       NA (Main Office Chicago)),

                                                       Individually as a Lender, as a LC Issuer, the Swing Line

                                                       Lender and as Agent

	  	By: 	 /s/ Suzanne Ergastolo
 

	  	Print Name: 	 Suzanne Ergastolo
 

	  	Title: 	 Vice President
 

	  	Address:

	  	 One Bank One Plaza
	  	 Chicago, Illinois 60670

	  	Attention: 	 Suxanne Ergastolo
	  	 	 Mail Code IL1-0360

	  	Telephone: 	 (312) 325-3221
	  	Facsimile: 	 (312) 325-3239

Signature Page to

Third Amended and Restated Credit Agreement

Gardner Denver, Inc.

	  	 BEAR STEARNS CORPORATE LENDING INC.,

                                                       Individually as a Lender and as Syndication Agent for the

                                                       Term Loan Facility

	  	By: 	 /s/ R. Bram Smith
 

	  	Print Name: 	 R. Bram Smith
 

	  	Title: 	 Senior Vice President
 

	  	Address:

	  	 383 Madison Avenue
	  	 New York NY 10179

	  	Attention: 	 Stephen O'Keefe
	  	 	 Vice President

	  	Telephone: 	 (212) 272-9430
	  	Facsimile: 	 (212) 272-9184

Signature Page to

Third Amended and Restated Credit Agreement

Gardner Denver, Inc.

	  	WACHOVIA BANK,

                                                       NATIONAL ASSOCIATION,

                                                       Individually as a Lender and as Syndication Agent for the

                                                       Revolving Loan Facility

	  	By: 	 /s/ Sarah T. Warren
 

	  	Print Name: 	 Sarah T. Warren
 

	  	Title: 	 Director
 

	  	Address:

	  	 301 S. College Street
	  	 Charlotte, NC 28288

	  	Attention: 	  Wachovia Bank, N.A.
	  	 	 Sarah T. Warren - NC0760

	  	Telephone: 	 (704) 383-4498
	  	Facsimile: 	 (704) 383-1625

Signature Page to

Third Amended and Restated Credit Agreement

Gardner Denver, Inc.

	  	HARRIS TRUST AND SAVINGS BANK,

                                                       Individually as a Lender and as

                                                       a Co-Documentation Agent for the Revolving Loan Facility

	  	By: 	 /s/ Thad D. Rasche
 

	  	Print Name: 	 Thad D. Rasche
 

	  	Title: 	 Vice President
 

	  	Address:

	  	 111 W. Monroe St.
	  	 Chicago Illinois 60603

	  	Attention: 	  Thad D. Rasche
	  	 	 

	  	Telephone: 	 (312) 461-5739
	  	Facsimile: 	 (312) 461-2591

Signature Page to

Third Amended and Restated Credit Agreement

Gardner Denver, Inc.

	  	NATIONAL CITY BANK OF THE MIDWEST,

                                                       Individually as a Lender and as

                                                       a Co-Documentation Agent for the Revolving Loan Facility

	  	By: 	 /s/ Jennifer L. Kofod
 

	  	Print Name: 	 Jennifer L. Kofod
 

	  	Title: 	 Vice President
 

	  	Address:

	  	 One North Franklin Street, Suite 3600
	  	 Chicago IL 60613

	  	Attention: 	  Jennifer L. Kofod
	  	 	 

	  	Telephone: 	 (312) 384-4612
	  	Facsimile: 	 (312) 384-4666

Signature Page to

Third Amended and Restated Credit Agreement

Gardner Denver, Inc.

	  	KEYBANK NATIONAL ASSOCIATION,

                                                       Individually as a Lender and as a Co-Documentation Agent for

                                                       the Revolving Loan Facility

	  	By: 	 /s/ Thomas J. Purcell
 

	  	Print Name: 	 Thomas J. Purcell
 

	  	Title: 	 Senior Vice President
 

	  	Address:

	  	 127 Public Square - Mailcode: OH-01-27-0628
	  	 Cleveland OH 44114

	  	Attention: 	  Joshua Mayers
	  	 	 Portfolio Manager

	  	Telephone: 	 (216) 689-0213
	  	Facsimile: 	 (216) 689-4654

Signature Page to

Third Amended and Restated Credit Agreement

Gardner Denver, Inc.

	  	 THE BANK OF TOKYO-MITSUBISHI, LTD.,

                                                       Individually as a Lender

	  	By: 	 /s/ Tsuguyuki Umene
 

	  	Print Name: 	 Tsuguyuki Umene
 

	  	Title: 	 Deputy General Manager
 

	  	Address:

	  	 227 West Monroe Street, Suite 2300
	  	 Chicago Illinois 60606

	  	Attention: 	  Alex Lam
	  	 	 

	  	Telephone: 	 (312) 696-4662
	  	Facsimile: 	 (312) 696-4535

Signature Page to

Third Amended and Restated Credit Agreement

Gardner Denver, Inc.

	  	 U.S. BANK NATIONAL ASSOCIATION,

                                                       Individually as a Lender

	  	By: 	 /s/ Heather Hinkelman
 

	  	Print Name: 	 Heather Hinkelman
 

	  	Title: 	 Banking Officer
 

	  	Address:

	  	 One US Bank Plaza
	  	 St. Louis, MO 63101

	  	Attention: 	 Karen Meyer
	  	 	 

	  	Telephone: 	 (314) 418-2336
	  	Facsimile: 	 (314) 418-3859

Signature Page to

Third Amended and Restated Credit Agreement

Gardner Denver, Inc.

	  	NORDEA BANK FINLAND plc,

                                                       Individually as a Lender

	  	By: 	 /s/ Gerald E. Chelius
 

	  	Print Name: 	 Gerald E. Chelius
 

	  	Title: 	 SVP Credit
 

	  	By: 	 /s/ Henrik M. Steffensen
 

	  	Print Name: 	 Henrik M. Steffensen
 

	  	Title: 	 First Vice President
 

	  	Address:

	  	 437 Madison Avenue
	  	 New York NY 10019

	  	Attention: 	 Henrik M. Steffensen
	  	 	 Corporate Banking Department

	  	Telephone: 	 (212) 318-9303
	  	Facsimile: 	 (212) 318-9318

Signature Page to

Third Amended and Restated Credit Agreement

Gardner Denver, Inc.

	  	SCOTIABANC INC.,

                                                       Individually as a Lender

	  	By: 	 /s/ William E. Zarrett
 

	  	Print Name: 	 William E. Zarrett
 

	  	Title: 	 Managing Director
 

	  	Address:

	  	 600 Peachtree St. NE, ste. 2700
	  	 Atlanta, GA 30308

	  	Attention: 	 William E. Zarrett
	  	 	 Managing Director

	  	Telephone: 	 (404) 877-1500
	  	Facsimile: 	 (404) 888-8995

Signature Page to

Third Amended and Restated Credit Agreement

Gardner Denver, Inc.

	  	THE BANK OF NEW YORK,

                                                       Individually as a Lender

	  	By: 	 /s/ Mark Wrigley
 

	  	Print Name: 	 Mark Wrigley
 

	  	Title: 	 Vice President
 

	  	Address:

	  	 1 Wall Street, 19th Floor
	  	 New York NY 10286

	  	Attention: 	 Mark Wrigley
	  	 	 

	  	Telephone: 	 (212) 635-6867
	  	Facsimile: 	 (212) 635-1208

Signature Page to

Third Amended and Restated Credit Agreement

Gardner Denver, Inc.

	  	FIFTH THIRD BANK,

                                                       Individually as a Lender

	  	By: 	 /s/ Robert M. Sander
 

	  	Print Name: 	 Robert M. Sander
 

	  	Title: 	 Vice President
 

	  	Address:

	  	 8000 Maryland Ave., Suite 1400
	  	 St. Louis, MO 63105

	  	Attention: 	 Robert M. Sander
	  	 	 

	  	Telephone: 	 (314) 889-3389
	  	Facsimile: 	 (314) 889-3377

Signature Page to

Third Amended and Restated Credit Agreement

Gardner Denver, Inc.

	  	LASALLE BANK NATIONAL ASSOCIATION,

                                                       Individually as a Lender

	  	By: 	 /s/ Oscar D. Johnson, Sr.
 

	  	Print Name: 	 Oscar D. Johnson, Sr.
 

	  	Title: 	 First Vice President
 

	  	Address:

	  	 135 S. LaSalle Street
	  	 Chicago IL 60603

	  	Attention: 	 Oscar Johnson Jr.
	  	 	 

	  	Telephone: 	 (312) 904-5320
	  	Facsimile: 	 (312) 904-0432

Signature Page to

Third Amended and Restated Credit Agreement

Gardner Denver, Inc.

	  	FIRST BANK,

                                                       Individually as a Lender

	  	By: 	 /s/ Keith M. Schmelder
 

	  	Print Name: 	 Keith M. Schmelder
 

	  	Title: 	 Senior Vice President
 

	  	Address:

	  	 135 N. Meramec
	  	 Clayton MO 63105

	  	Attention: 	 Keith M. Schmelder
	  	 	 

	  	Telephone: 	 (314) 854-5409
	  	Facsimile: 	 (314) 854-5454

Signature Page to

Third Amended and Restated Credit Agreement

Gardner Denver, Inc.

	  	ASSOCIATED BANK, N.A.,

                                                       Individually as a Lender

	  	By: 	 /s/ Daniel Holzhauer
 

	  	Print Name: 	 Daniel Holzhauer
 

	  	Title: 	 AVP
 

	  	Address:

	  	 401 E. Kilbourn Ave.
	  	 Milwaukee WI 53202

	  	Attention: 	 Daniel Holzhauer
	  	 	 

	  	Telephone: 	 (414) 283-2361
	  	Facsimile: 	 (414) 283-2300

Signature Page to

Third Amended and Restated Credit Agreement

Gardner Denver, Inc.

	  	BANK OF AMERICA, N.A.,

                                                       Individually as a Lender

	  	By: 	 /s/ Jason R. Hickey
 

	  	Print Name: 	 Jason R. Hickey
 

	  	Title: 	 Senior Vice President
 

	  	Address:

	  	 800 Market Street, 12th Floor
	  	 St. Louis MO 63101

	  	Attention: 	 Jason R. Hickey
	  	 	 

	  	Telephone: 	 (314) 466-6811
	  	Facsimile: 	 (314) 466-6499

Signature Page to

Third Amended and Restated Credit Agreement

Gardner Denver, Inc.

	  	GUARANTY BANK,

                                                       Individually as a Lender

	  	By: 	 /s/ Robert S. Hays
 

	  	Print Name: 	 Robert S. Hays
 

	  	Title: 	 Senior Vice President
 

	  	Address:

	  	 8333 Douglas Avenue 
	  	 Dallas TX 75225

	  	Attention: 	 Robert S. Hays
	  	 	 

	  	Telephone: 	 (214) 360-2821
	  	Facsimile: 	 (214) 360-8908

Signature Page to

Third Amended and Restated Credit Agreement

Gardner Denver, Inc.

	  	BNP PARIBAS,

                                                       Individually as a Lender

	  	By: 	 /s/ Gaye Plunkett
 

	  	Print Name: 	 Gaye Plunkett
 

	  	Title: 	 Vice President 
 

	  	By: 	 /s/ Tim King
 

	  	Print Name: 	 Tim King
 

	  	Title: 	 Managing Director
 

	  	Address:

	  	 209 S. LaSalle St., Ste. 500 
	  	 Chicago IL 60604

	  	Attention: 	 Tim King 
	  	 	 

	  	Telephone: 	 (312) 977-2203
	  	Facsimile: 	 (312) 977-1380

Signature Page to

Third Amended and Restated Credit Agreement

Gardner Denver, Inc.

	  	BAYERISCHE HYPO- UND VEREINSBANK AG, NEW YORK BRANCH,

                                                       Individually as a Lender 

	  	By: 	 /s/ Ken Hamilton
 

	  	Print Name: 	 Ken Hamilton
 

	  	Title: 	 Director 
 

	  	By: 	 /s/ Richard Cordover
 

	  	Print Name: 	 Richard Cordover
 

	  	Title: 	 Director
 

	  	Address:

	  	 150 East 42nd Street
	  	 New York New York 10017

	  	Attention: 	 Tina Chung 
	  	 	 

	  	Telephone: 	 (212) 672-5688
	  	Facsimile: 	 (212) 672-5691

Signature Page to

Third Amended and Restated Credit Agreement

Gardner Denver, Inc.

	  	MERCANTILE TRUST & SAVINGS BANK,

                                                       Individually as a Lender 

	  	By: 	 /s/ Richard J. Halter 
 

	  	Print Name: 	 Richard J. Halter
 

	  	Title: 	 Vice President Credit Administration
 

	  	Address:

	  	 440 Maine Street
 
	  	 Quincy IL 62301
 

	  	Attention: 	 
 
	  	 	 
 

	  	Telephone: 	 (217) 223-7300
 
	  	Facsimile: 	 (217) 223-5032
 

Signature Page to

Third Amended and Restated Credit Agreement

Gardner Denver, Inc.

	  	KBC BANK, NV,

                                                       Individually as a Lender 

	  	By: 	 /s/ William Cavanaugh
 

	  	Print Name: 	 William Cavanaugh
 

	  	Title: 	 Vice President 
 

	  	By: 	 /s/ Robert Snauffer
 

	  	Print Name: 	 Robert Snauffer
 

	  	Title: 	 First Vice President 
 

	  	Address:

	  	 125 West 55th Street, 10th Floor
	  	 New York New York 10019

	  	Attention: 	 Ms. Rose Pagan 
	  	 	 Assistant Vice President

	  	Telephone: 	 (212) 541-0657
	  	Facsimile: 	 (212) 956-5581

Signature Page to

Third Amended and Restated Credit Agreement

Gardner Denver, Inc.

	  	HSBC BANK USA, NATIONAL ASSOCIATION,

                                                       Individually as a Lender 

	  	By: 	 /s/ Bruce Wicks 
 

	  	Print Name: 	 Bruce Wicks 
 

	  	Title: 	 First Vice President 
 

	  	Address:

	  	 452 5th Avenue
 
	  	 New York NY 10018
 

	  	Attention: 	 Bruce Wicks 
 
	  	 	 
 

	  	Telephone: 	 (212) 525-2534 
 
	  	Facsimile: 	 (212) 525-2555
 

Signature Page to

Third Amended and Restated Credit Agreement

Gardner Denver, Inc.

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