Document:

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                  SECOND AMENDED AND RESTATED CREDIT AGREEMENT

                            DATED AS OF MAY 23, 2007

                                      AMONG

                               NASHUA CORPORATION,

                         VARIOUS FINANCIAL INSTITUTIONS

                                       AND

                       LASALLE BANK NATIONAL ASSOCIATION,

                                    AS AGENT

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                                TABLE OF CONTENTS

<TABLE>
<S>                                                                           <C>
SECTION 1  DEFINITIONS ....................................................    1
   1.1   Definitions ......................................................    1
   1.2   Other Interpretive Provisions ....................................   17

SECTION 2  COMMITMENTS OF THE BANKS; BORROWING, CONVERSION AND LETTER OF
           CREDIT PROCEDURES ..............................................   18
   2.1   Commitments ......................................................   18
      2.1.1   Revolving Loan Commitment ...................................   18
      2.1.2   Term Loan Commitment ........................................   18
      2.1.3   L/C Commitment ..............................................   18
   2.2   Loan Procedures ..................................................   19
      2.2.1   Various Types of Loans ......................................   19
      2.2.2   Borrowing Procedures ........................................   19
      2.2.3   Conversion and Continuation Procedures ......................   19
   2.3   Letter of Credit Procedures ......................................   20
      2.3.1   L/C Applications ............................................   20
      2.3.2   Participations in Letters of Credit .........................   21
      2.3.3   Reimbursement Obligations ...................................   21
      2.3.4   Limitation on Obligations of Issuing Bank ...................   22
      2.3.5   Funding by Banks to Issuing Bank ............................   23
   2.4   Commitments Several ..............................................   23
   2.5   Certain Conditions ...............................................   23

SECTION 3  NOTES EVIDENCING LOANS .........................................   23
   3.1   Notes ............................................................   23
   3.2   Recordkeeping ....................................................   24

SECTION 4  INTEREST .......................................................   24
   4.1   Interest Rates ...................................................   24
   4.2   Interest Payment Dates ...........................................   24
   4.3   Setting and Notice of LIBOR Rates ................................   24
   4.4   Computation of Interest ..........................................   25

SECTION 5  FEES ...........................................................   25
   5.1   Non-Use Fee ......................................................   25
   5.2   Letter of Credit Fees ............................................   25
   5.3   Annual Agent's Fees ..............................................   26
   5.4   Loan Fee .........................................................   26
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<TABLE>
<S>                                                                           <C>
SECTION 6  REDUCTION OR TERMINATION OF THE REVOLVING COMMITMENT AMOUNT;
           PREPAYMENTS ....................................................   26
   6.1   Reduction or Termination of the Revolving Commitment Amount ......   26
      6.1.1   Voluntary Reduction or Termination of the Revolving
              Commitment Amount ...........................................   26
      6.1.2   Mandatory Reductions of the Revolving Commitment ............   26
      6.1.3   All Reductions of the Revolving Commitment Amount ...........   26
   6.2   Prepayments ......................................................   26
      6.2.1   Voluntary Prepayments .......................................   26
      6.2.2   Mandatory Prepayments .......................................   27
   6.3   All Prepayments ..................................................   27
   6.4   Repayments .......................................................   27

SECTION 7  MAKING AND PRORATION OF PAYMENTS; SETOFF; TAXES ................   28
   7.1   Making of Payments ...............................................   28
   7.2   Application of Certain Payments ..................................   28
   7.3   Due Date Extension ...............................................   28
   7.4   Setoff ...........................................................   29
   7.5   Proration of Payments ............................................   29
   7.6   Taxes ............................................................   29

SECTION 8  INCREASED COSTS; SPECIAL PROVISIONS FOR LIBOR LOANS ............   31
   8.1   Increased Costs ..................................................   31
   8.2   Basis for Determining Interest Rate Inadequate or Unfair .........   32
   8.3   Changes in Law Rendering LIBOR Loans Unlawful ....................   32
   8.4   Funding Losses ...................................................   33
   8.5   Right of Banks to Fund through Other Offices .....................   33
   8.6   Discretion of Banks as to Manner of Funding ......................   34
   8.7   Mitigation of Circumstances; Replacement of Banks ................   34
   8.8   Conclusiveness of Statements; Survival of Provisions .............   34

SECTION 9  WARRANTIES .....................................................   35
   9.1   Organization .....................................................   35
   9.2   Authorization; No Conflict .......................................   35
   9.3   Validity and Binding Nature ......................................   35
   9.4   Financial Condition ..............................................   35
   9.5   No Material Adverse Change .......................................   36
   9.6   Litigation and Contingent Liabilities ............................   36
   9.7   Ownership of Properties; Liens ...................................   36
   9.8   Subsidiaries .....................................................   36
   9.9   Pension Plans ....................................................   36
   9.10  Investment Company Act ...........................................   37
   9.11  Intentionally Deleted ............................................   37
   9.12  Regulation U .....................................................   37
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<TABLE>
<S>                                                                           <C>
   9.13  Taxes ............................................................   37
   9.14  Solvency, etc ....................................................   37
   9.15  Environmental Matters ............................................   37
   9.16  Real Property ....................................................   38
   9.17  Information ......................................................   38
   9.18  Intellectual Property ............................................   39
   9.19  Labor Matters ....................................................   39
   9.20  No Default .......................................................   39
   9.21  OFAC .............................................................   39
   9.22  PATRIOT Act ......................................................   39

SECTION 10 COVENANTS ......................................................   40
   10.1  Reports, Certificates and Other Information ......................   40
      10.1.1  Annual Report ...............................................   40
      10.1.2  Interim Reports .............................................   40
      10.1.3  Compliance Certificates .....................................   40
      10.1.4  Reports to the SEC and to Shareholders ......................   41
      10.1.5  Notice of Default, Litigation and ERISA Matters .............   41
      10.1.6  Borrowing Base Certificates .................................   42
      10.1.7  Management Reports ..........................................   42
      10.1.8  Projections .................................................   42
      10.1.9  Subordinated Debt Notices ...................................   42
      10.1.10 Other Information ...........................................   42
   10.2  Books, Records and Inspections ...................................   42
   10.3  Maintenance of Property; Insurance ...............................   43
   10.4  Compliance with Laws; Payment of Taxes and Liabilities ...........   44
   10.5  Maintenance of Existence, etc ....................................   44
   10.6  Financial Covenants ..............................................   44
      10.6.1  Fixed Charge Coverage Ratio .................................   44
      10.6.2  Funded Debt to Adjusted EBITDA Ratio ........................   44
      10.6.3  Capital Expenditures ........................................   45
   10.7  Limitations on Debt ..............................................   45
   10.8  Liens ............................................................   45
   10.9  Restricted Payments ..............................................   46
   10.10 Mergers, Consolidations, Acquisitions Sales ......................   47
   10.11 Modification of Organizational Documents .........................   47
   10.12 Use of Proceeds ..................................................   47
   10.13 Further Assurances ...............................................   48
   10.14 Transactions with Affiliates .....................................   48
   10.15 Employee Benefit Plans ...........................................   48
   10.16 Environmental Matters ............................................   48
   10.17 Unconditional Purchase Obligations ...............................   49
   10.18 Inconsistent Agreements ..........................................   49
   10.19 Business Activities ..............................................   49
   10.20 Investments ......................................................   49
   10.21 Fiscal Year ......................................................   50
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<S>                                                                           <C>
   10.22 Cancellation of Debt .............................................   50
   10.23 Negative Pledge on Real Property .................................   50

SECTION 11 EFFECTIVENESS; CONDITIONS OF LENDING, ETC ......................   50
   11.1  Initial Credit Extension .........................................   50
      11.1.1  Notes .......................................................   50
      11.1.2  Resolutions .................................................   50
      11.1.3  Consents, etc ...............................................   51
      11.1.4  Incumbency and Signature Certificates .......................   51
      11.1.5  Security Agreement ..........................................   51
      11.1.6  First Amendment to Reimbursement Agreement ..................   51
      11.1.7  Opinion of Counsel ..........................................   51
      11.1.8  Insurance ...................................................   51
      11.1.9  Payment of Fees .............................................   51
      11.1.10 Search Results; Lien Terminations ...........................   51
      11.1.11 Filings, Registrations and Recordings .......................   52
      11.1.12 Closing Certificate .........................................   52
      11.1.13 Borrowing Base Certificate ..................................   52
      11.1.14 Other .......................................................   52
   11.2  Conditions .......................................................   52
      11.2.1  Compliance with Warranties, No Default, etc .................   52
      11.2.2  Confirmatory Certificate ....................................   52

SECTION 12 EVENTS OF DEFAULT AND THEIR EFFECT .............................   53
   12.1  Events of Default ................................................   53
      12.1.1  Non-Payment of the Loans, etc ...............................   53
      12.1.2  Non-Payment of Other Debt ...................................   53
      12.1.3  Bankruptcy, Insolvency, etc .................................   53
      12.1.4  Non-Compliance with Loan Documents ..........................   53
      12.1.5  Warranties ..................................................   53
      12.1.6  Pension Plans ...............................................   54
      12.1.7  Judgments ...................................................   54
      12.1.8  Invalidity of Collateral Documents Loan Documents, etc ......   54
      12.1.9  Invalidity of Subordination Provisions, etc .................   54
      12.1.10 Change of Control ...........................................   54
      12.1.11 Material Adverse Effect .....................................   55
   12.2  Effect of Event of Default .......................................   55

SECTION 13 THE AGENT ......................................................   55
   13.1  Appointment and Authorization ....................................   55
   13.2  Delegation of Duties .............................................   56
   13.3  Liability of Agent ...............................................   56
   13.4  Reliance by Agent ................................................   56
   13.5  Notice of Default ................................................   57
   13.6  Credit Decision ..................................................   57
   13.7  Indemnification ..................................................   57
</TABLE>

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<TABLE>
<S>                                                                           <C>
   13.8  Agent in Individual Capacity .....................................   58
   13.9  Successor Agent ..................................................   58
   13.10 Collateral Matters ...............................................   58
   13.11 Amendment of Section 13 ..........................................   59

SECTION 14 GENERAL ........................................................   59
   14.1  Waiver; Amendments ...............................................   59
   14.2  Confirmations ....................................................   59
   14.3  Notices ..........................................................   59
   14.4  Computations .....................................................   59
   14.5  Regulation U .....................................................   60
   14.6  Costs, Expenses and Taxes ........................................   60
   14.7  Subsidiary References ............................................   61
   14.8  Captions .........................................................   61
   14.9  Assignments; Participations ......................................   61
      14.9.1  Assignments .................................................   61
      14.9.2  Participations ..............................................   62
   14.10 Governing Law ....................................................   63
   14.11 Counterparts .....................................................   63
   14.12 Successors and Assigns ...........................................   63
   14.13 Indemnification by the Company ...................................   63
   14.14 Nonliability of Banks ............................................   64
   14.15 Information / Confidentiality ....................................   64
   14.16 Forum Selection and Consent to Jurisdiction ......................   65
   14.17 Waiver of Jury Trial .............................................   65
   14.18 Existing Credit Agreement; Effectiveness of Amendment and
         Restatement ......................................................   66
   14.19 Confirmation / Ratification of the Revolving Loan ................   66
   14.20 Effect of Amendment and Restatement of the Existing Credit
         Agreement ........................................................   66
   14.21 Existing Agreements Superseded ...................................   67
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                                    SCHEDULES

PRICING SCHEDULE

SCHEDULE 2.1   Banks and Pro Rata Shares
SCHEDULE 9.6   Litigation and Contingent Liabilities
SCHEDULE 9.8   Subsidiaries
SCHEDULE 9.15  Environmental Matters
SCHEDULE 9.16  Real Property
SCHEDULE 9.19  Labor Matters
SCHEDULE 10.7  Existing Debt
SCHEDULE 10.8  Existing Liens
SCHEDULE 10.20 Investments
SCHEDULE 14.3  Addresses for Notices

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                                    EXHIBITS

EXHIBIT A Form of Revolving Loan Note (Section 3.1(a))
EXHIBIT B Form of Term Loan Note (Section 3.1(b))
EXHIBIT C Form of Compliance Certificate (Section 10.1.3)
EXHIBIT D Form of Second Amended and Restated Security Agreement (Section 1.1)
EXHIBIT E Form of Borrowing Base Certificate (Section 1.1)
EXHIBIT F Form of Guaranty (Section 1.1)
EXHIBIT G Form of LaSalle Master Letter of Credit Agreement
EXHIBIT H Form of First Amendment to Amended and Restated Reimbursement
          Agreement

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                           SECOND AMENDED AND RESTATED
                                CREDIT AGREEMENT

     THIS SECOND AMENDED AND RESTATED CREDIT AGREEMENT dated as of May 23, 2007
(this "Agreement") is entered into among NASHUA CORPORATION, a Massachusetts
corporation (the "Company"), the financial institutions that are or may from
time to time become parties hereto (together with their respective successors
and assigns, the "Banks") and LASALLE BANK NATIONAL ASSOCIATION (in its
individual capacity, "LaSalle"), as Agent for the Banks.

     WHEREAS, certain of the Banks and the Company are party to that certain
Amended and Restated Credit Agreement dated March 30, 2006, as amended by that
certain First Amendment to Amended and Restated Credit Agreement dated January
12, 2007 (the "Existing Credit Agreement" );

     WHEREAS, the Company desires that the Banks advance the Term Loan and
continue to make available a Revolving Loan facility to the Company to (a) allow
the Company to purchase or redeem its stock from certain of its shareholders in
an aggregate amount not to exceed $20,000,000.00 (the "Redemption"), (b)
refinance the debt owed to the Banks under the Existing Credit Agreement (the
"Existing Debt"), (c) provide working capital financing for the Company and (d)
provide funds for other general corporate purposes of the Company including
those purposes described in Section 10.12 hereof.

     WHEREAS, the Company and the Banks party to the Existing Credit Agreement
have agreed to amend and restate the Existing Credit Agreement as provided in
this Agreement;

     NOW, THEREFORE, in consideration of the mutual agreements herein contained,
the parties hereto agree as follows:

                                   SECTION 1
                                  DEFINITIONS

     1.1 Definitions. When used herein the following terms shall have the
following meanings:

     Account Debtor means any Person who is obligated to the Company under an
Account Receivable.

     Account Receivable means, with respect to any Person, any right of such
person to payment for goods sold or leased or for services rendered, whether or
not evidenced by an instrument or chattel paper and whether or not yet earned by
performance.

     Acquisition means any transaction or series of related transactions for the
purpose of or resulting, directly or indirectly, in (a) the acquisition of all
or substantially all of the assets of a Person, or of all or substantially all
of any business or division of a Person, (b) the acquisition of in excess of 50%
of the capital stock, partnership interests, membership interests or equity of
any Person, or otherwise causing any Person to become a Subsidiary, or (c) a
merger or consolidation or any other combination with another Person (other than
a Person that is a Subsidiary).

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     Adjusted EBITDA means, for any period, EBITDA for the period of the four
fiscal quarters most recently ended, plus (a) restructuring, nonrecurring,
one-time charges mutually agreed upon, (b) non-cash expenses mutually agreed
upon, and (c) proforma adjustments mutually agreed upon for acquisitions.

     Adjusted Working Capital means the remainder of:

          (a)(i) the consolidated current assets of the Company and its
     Subsidiaries less (ii) the amount of cash and cash equivalents included in
     such consolidated current assets; minus

          (b)(i) consolidated current liabilities of the Company and its
     Subsidiaries less (ii) the amount of short-term Debt (including current
     maturities of long-term Debt) of the Company and its Subsidiaries included
     in such consolidated current liabilities.

     Adjustment Date - see Pricing Schedule.

     Affected Loan - see Section 8.3.

     Affiliate of any Person means (a) any other Person which, directly or
indirectly, controls or is controlled by or is under common control with such
Person and (b) any officer or director of such Person. A Person shall be deemed
to be "controlled by" any other Person if such Person possesses, directly or
indirectly, power to vote 5% or more of the securities (on a fully diluted
basis) having ordinary voting power for the election of directors or managers or
power to direct or cause the direction of the management and policies of such
Person whether by contract or otherwise.

     Agent means LaSalle in its capacity as agent for the Banks hereunder and
any successor thereto in such capacity.

     Agent Fee Letter means the fee letter dated as of the Closing Date between
the Company and the Agent.

     Agreement - see the Preamble.

     Asset Disposition means the sale, lease, assignment or other transfer for
value (each, a "Disposition") by any Loan Party to any Person (other than a Loan
Party) of any asset or property of such Loan Party (including, the loss,
destruction or damage of any thereof or any condemnation, confiscation,
requisition, seizure or taking thereof) other than (a) the Disposition of any
asset which is to be replaced, and is in fact replaced, within one hundred
twenty (120) days from the date of such Disposition, or, if such Disposition
results in the payment of insurance proceeds to the Company, one hundred twenty
(120) days from the date such insurance proceeds are received by the Company,
with another asset performing the same or a similar function, (b) the sale or
lease of inventory in the ordinary course of business, (c) other Dispositions in
any Fiscal Year the Net Proceeds of which do not in the aggregate exceed
$350,000, (d) licensing of the Company's tradenames or other license
arrangements in the

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ordinary course of business and (e) Dispositions permitted under Sections
10.10(a) and (b) contained herein.

     Assignment Agreement - see Section 14.9.1.

     Attorney Costs means, with respect to any Person, all reasonable fees and
charges of any counsel to such Person, the reasonable allocable cost of internal
and external legal services of such Person, all reasonable disbursements of such
counsel and all court costs and similar legal expenses.

     Bank - see the Preamble. References to the "Banks" shall include the
Issuing Bank; for purposes of clarification only, to the extent that LaSalle (or
any successor Issuing Bank) may have any rights or obligations in addition to
those of the other Banks due to its status as Issuing Bank, its status as such
will be specifically referenced. The term Bank shall include Affiliates of a
Bank providing a Bank Product.

     Bank Product Agreements means those certain cash management service
agreements entered into from time to time between any Loan Party and a Bank or
its Affiliates in connection with any of the Bank Products.

     Bank Product Obligations means all obligations, liabilities, contingent
reimbursement obligations, fees, and expenses owing by the Loan Parties to any
Bank or its Affiliates pursuant to or evidenced by the Bank Product Agreements
and irrespective of whether for the payment of money, whether direct or
indirect, absolute or contingent, due or to become due, now existing or
hereafter arising, and including all such amounts that a Loan Party is obligated
to reimburse to the Agent or any Bank as a result of the Agent or such Bank
purchasing participations or executing indemnities or reimbursement obligations
with respect to the Bank Products provided to the Loan Parties pursuant to the
Bank Product Agreements.

     Bank Products means any service or facility extended to any Loan Party by
any Bank or its Affiliates including: (a) credit cards, (b) credit card
processing services, (c) debit cards, (d) purchase cards, (e) ACH transactions,
(f) cash management, including controlled disbursement, accounts or services, or
(g) Hedging Agreements.

     Base Rate means at any time the greater of (a) the Federal Funds Rate plus
0.5% and (b) the Prime Rate.

     Base Rate Loan means any Loan which bears interest at or by reference to
the Base Rate.

     Base Rate Margin - see the Pricing Schedule.

     Borrowing Base means an amount equal to the total of (a) 80% of the unpaid
amount (net of such reserves and allowances as the Required Banks deem necessary
in their reasonable discretion) of all Eligible Accounts Receivable plus (b) the
lesser of (i) 50% of the value of all Eligible Inventory valued at the lower of
cost or market (net of such reserves and allowances as the Required Banks deem
necessary in their reasonable discretion) or (ii) $14,000,000.

     Borrowing Base Certificate means a certificate substantially in the form of
Exhibit E.

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     Business Day means any day on which LaSalle and the Banks are open for
commercial banking business in Chicago, Illinois and Manchester, New Hampshire
and, in the case of a Business Day which relates to a LIBOR Loan, on which
dealings are carried on in the London interbank market.

     Capital Expenditures means all expenditures which, in accordance with GAAP,
would be required to be capitalized and shown on the consolidated balance sheet
of the Company, but excluding expenditures made in connection with the
replacement, substitution or restoration of assets to the extent financed (i)
from insurance proceeds (or other similar recoveries) paid on account of the
loss of or damage to the assets being replaced or restored or (ii) with awards
of compensation arising from the taking by eminent domain or condemnation of the
assets being replaced.

     Capital Lease means, with respect to any Person, any lease of (or other
agreement conveying the right to use) any real or personal property by such
Person that, in conformity with GAAP, is accounted for as a capital lease on the
balance sheet of such Person.

     Capital Securities means, with respect to any Person, any shares,
interests, participations or other equivalents (however designated, whether
voting or non-voting) of such Person's capital, whether now outstanding or
issued or acquired after the Closing Date, including common shares, preferred
shares, membership interests in a limited liability company, limited or general
partnership interests in a partnership, interests in a Trust, interests in other
unincorporated organizations or any other equivalent of such ownership interest.

     Cash Collateralize means to deliver cash collateral to the Agent, (in the
amount of 110% of the face amount of such Letters of Credit) to be held as cash
collateral for outstanding Letters of Credit, pursuant to documentation
satisfactory to the Agent. Derivatives of such term have corresponding meanings.

     Cash Equivalent Investment means, at any time, (a) any evidence of Debt,
maturing not more than one year after such time, issued or guaranteed by the
United States Government or any agency thereof, (b) commercial paper, maturing
not more than one year from the date of issue, or corporate demand notes, in
each case (unless issued by a Bank or its holding company) rated at least A-1 by
Standard & Poor's Ratings Group or P-1 by Moods Investors Service, Inc., (c) any
certificate of deposit (or time deposits represented by such certificates of
deposit) or banker's acceptance, maturing not more than one year after such
time, or overnight Federal Funds transactions that are issued or sold by any
Bank or its holding company or by a commercial banking institution that is a
member of the Federal Reserve System and has a combined capital and surplus and
undivided profits of not less than $500,000,000 and (d) any repurchase agreement
entered into with any Bank (or other commercial banking institution of the
stature referred to in clause (c)) which (i) is secured by a fully perfected
security interest in any obligation of the type described in any of clauses (a)
through (c) and (ii) has a market value at the time such repurchase agreement is
entered into of not less than 100% of the repurchase obligation of such Bank (or
other commercial banking institution) thereunder.

     CERCLA - see Section 9.15.

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     Closing Date - see Section 11.1.

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

     Collateral Access Agreement means an agreement in form and substance
reasonably satisfactory to the Required Banks pursuant to which a mortgagee or
lessor of real property on which collateral is stored or otherwise located, or a
warehouseman, processor or other bailee of Inventory, acknowledges the Liens of
the Agent and waives any Liens held by such Person on such property, and, in the
case of any such agreement with a mortgagee or lessor, permits the Agent access
to and use of such real property for a reasonable amount of time following the
occurrence and during the continuance of an Event of Default to assemble,
complete and sell any collateral stored or otherwise located thereon.

     Collateral Documents means the Security Agreement, the Reimbursement
Agreement, and any other agreement or instrument pursuant to which the Company,
any Subsidiary or any other Person grants collateral to the Agent for the
benefit of the Banks in connection herewith.

     Commitments - see Section 2.1.

     Company - see the Preamble.

     Computation Period means each period of four consecutive Fiscal Quarters
ending on the last day of a Fiscal Quarter thereafter.

     Consolidated Net Income means, with respect to the Company and its
Subsidiaries for any period, the net income (or loss) of the Company and its
Subsidiaries for such period, computed in accordance with GAAP.

     Controlled Group means all members of a controlled group of corporations
and all members of a controlled group of trades or businesses (whether or not
incorporated) under common control which, together with the Company, are treated
as a single employer under Section 414 of the Code or Section 4001 of ERISA.

     Debt of any Person means, without duplication, (a) all indebtedness of such
Person for borrowed money, whether or not evidenced by bonds, debentures, notes
or similar instruments, (b) all obligations of such Person as lessee under
Capital Leases which have been or should be recorded as liabilities on a balance
sheet of such Person in accordance with GAAP, (c) all obligations of such Person
to pay the deferred purchase price of property or services (excluding trade
accounts payable in the ordinary course of business), (d) all indebtedness
secured by a Lien on the property of such Person, whether or not such
indebtedness shall have been assumed by such Person, (e) all obligations,
contingent or otherwise, with respect to the face amount of all letters of
credit (whether or not drawn) and banker's acceptances issued for the account of
such Person (including the Letters of Credit), (f) all Hedging Obligations of
such Person, (g) all Suretyship Liabilities of such Person (but only to the
extent that the underlying obligation of such Person would have been Debt
hereunder) and (h) all Debt of any partnership of which such

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Person is a general partner.

     Designated Proceeds - see Section 6.2.2(a).

     Disposal - see the definition of "Release".

     Dollar and the sign "$" mean lawful money of the United States of America.

     EBITDA means, for any period, Consolidated Net Income for such period plus,
to the extent deducted in determining such Consolidated Net Income, Interest
Expense, income tax expense, depreciation, amortization and noncash losses for
such period minus, to the extent included in determining such Consolidated Net
Income, extraordinary gains for such period.

     Eligible Account Receivable means an Account Receivable owing to the
Company which meets each of the following requirements:

          (1) it arises from the sale of goods or the rendering of services by
     the Company; and if it arises from the sale of goods, (a) such goods comply
     with such Account Debtor's specifications (if any) and have been delivered
     to such Account Debtor and (b) the Company has possession of, or if
     requested by the Agent has delivered to the Agent, delivery receipts
     evidencing such delivery;

          (2) it is (a) subject to a perfected Lien in favor of the Agent and
     (b) not subject to any other assignment, claim or Lien;

          (3) it is a valid, legally enforceable and unconditional obligation of
     the Account Debtor with respect thereto, and if it is subject to any
     counterclaim, credit, allowance, discount, rebate or adjustment by the
     Account Debtor with respect thereto, or to any claim by such Account Debtor
     denying liability thereunder in whole or in part, it shall be considered an
     Eligible Account Receivable in an amount not to exceed that portion of such
     Account Receivable that is not subject to a counterclaim, credit,
     allowance, discount, rebate or adjustment;

          (4) there is no bankruptcy, insolvency or liquidation proceeding by or
     against the Account Debtor with respect thereto unless the Required Banks
     in their sole discretion agree to otherwise consider such Account
     Receivable as an Eligible Account Receivable as a result of its having been
     granted priority payment status in the relevant proceeding;

          (5) the Account Debtor with respect thereto is a resident or citizen
     of, and is located within, the United States or Canada (other than the
     province of Quebec), unless the sale of goods or services giving rise to
     such Account Receivable is on letter of credit, banker's acceptance or
     other credit support terms reasonably satisfactory to the Required Banks;

          (6) it is not an Account Receivable arising from a "sale on approval,"
     "sale or return," "consignment" or "bill and hold" or subject to any other
     repurchase or return

                                       6

<PAGE>

     agreement;

          (7) it is not an Account Receivable with respect to which possession
     and/or control of the goods sold giving rise thereto is held, maintained or
     retained by the Company or any Guarantor (or by any agent or custodian of
     the Company or any Guarantor) for the account of or subject to further
     and/or future direction from the Account Debtor with respect thereto;

          (8) it arises in the ordinary course of business of the Company;

          (9) if the Account Debtor is the United States or any department,
     agency or instrumentality thereof (other than the United States Postal
     Service), the Company has assigned its right to payment of such Account
     Receivable to the Agent pursuant to the Assignment of Claims Act of 1940;

          (10) if the Company maintains a credit limit for an Account Debtor,
     the aggregate dollar amount of Accounts Receivable due from such Account
     Debtor, including such Account Receivable, does not exceed such credit
     limit;

          (11) if the Account Receivable is evidenced by chattel paper or an
     instrument, the originals of such chattel paper or instrument shall have
     been endorsed and/or assigned and delivered to the Agent in a manner
     satisfactory to the Agent;

          (12) such Account Receivable is not more than 90 days past the
     original due date thereof, according to the original terms of sale;

          (13) it is not an Account Receivable with respect to an Account Debtor
     that is located in any jurisdiction which has adopted a statute or other
     requirement with respect to which any Person that obtains business from
     within such jurisdiction must file a notice of business activities report
     or make any other required filings in a timely manner in order to enforce
     its claims in such jurisdiction's courts unless such notice of business
     activities report has been duly and timely filed or the Company is exempt
     from filing such report and has provided the Agent with satisfactory
     evidence of such exemption;

          (14) the Account Debtor with respect thereto is not the Company or an
     Affiliate of the Company; and

          (15) it is not owed by an Account Debtor with respect to which 25% or
     more of the aggregate amount of outstanding Accounts Receivable owed at
     such time by such Account Debtor is classified as ineligible under clause
     (12) of this definition.

An Account Receivable which is at any time an Eligible Account Receivable, but
which subsequently fails to meet any of the foregoing requirements, shall
forthwith cease to be an Eligible Account Receivable. Further, with respect to
any Account Receivable, if the Agent or the Required Banks at any time hereafter
determine in their reasonable discretion that the prospect of payment or
performance by the Account Debtor with respect thereto is materially

                                       7

<PAGE>

impaired, such Account Receivable shall cease to be an Eligible Account
Receivable after notice of such determination setting forth the basis thereof is
given to the Company.

     Eligible Inventory means Inventory of the Company which meets each of the
following requirements:

          (1) it is (a) subject to a perfected Lien in favor of the Agent and
     (b) not subject to any other assignment, claim or Lien;

          (2) it is salable;

          (3) it is in the possession and control of the Company and it is
     stored and held in facilities owned by the Company or, if such facilities
     are not so owned, the Agent is in possession of a Collateral Access
     Agreement (whether delivered in connection with the execution of this
     Agreement or previously delivered to the Agent in connection with the
     Existing Credit Agreement) with respect thereto within sixty (60) days of
     the Closing Date;

          (4) it is not Inventory produced in violation of the Fair Labor
     Standards Act and subject to the "hot goods" provisions contained in Title
     29 U.S.C. Section 215;

          (5) it is not subject to any agreement which would materially restrict
     the Agent's ability to sell or otherwise dispose of such Inventory;

          (6) it is located in the United States or in any territory or
     possession of the United States that has adopted Article 9 of the UCC;

          (7) it is not Inventory consisting of supplies, containers, or other
     packing materials;

          (8) it is Inventory which is considered finished goods or raw
     materials, but not including work in progress;

          (9) it is not "in transit" to the Company or any Guarantor or held by
     the Company or any Guarantor on consignment; and

          (10) the Required Banks shall not have determined in their reasonable
     discretion that it is unacceptable due to age, type, category, quality
     and/or quantity and notice of such determination setting forth the basis
     thereof is given to the Company.

Inventory which is at any time Eligible Inventory but which subsequently fails
to meet any of the foregoing requirements shall forthwith cease to be Eligible
Inventory.

     Environmental Claims means all claims, however asserted, by any
governmental, regulatory or judicial authority or other Person alleging
potential liability or responsibility for violation of any Environmental Law, or
for release or injury to the environment.

                                       8

<PAGE>

     Environmental Laws means all present or future federal, state or local
laws, statutes, common law duties, rules, regulations, ordinances and codes,
together with all administrative orders, directed duties, requests, licenses,
authorizations and permits of, and agreements with, any governmental authority,
in each case relating to Environmental Matters.

     Environmental Matters means any matter arising out of or relating to health
and safety, or pollution or protection of the environment or workplace,
including any of the foregoing relating to the presence, use, production,
generation, handling, transport, treatment, storage, disposal, distribution,
discharge, release, control or cleanup of any Hazardous Substance.

     ERISA means the Employee Retirement Income Security Act of 1974.

     Event of Default means any of the events described in Section 12.1.

     Excess Availability means (a) the lesser of the Revolving Commitment Amount
or the Borrowing Base minus (b) the Revolving Outstandings.

     Excluded Taxes means Taxes based upon, or measured by, the Bank's or
Agent's (or a branch of the Bank's or Agent's) overall net income, overall net
receipts, or overall net profits (including franchise taxes imposed in lieu of
such Taxes), but only to the extent such taxes are imposed by a taxing authority
(a) in a jurisdiction in which such Bank or Agent is organized (or any political
subdivision hereof), (b) in a jurisdiction in which the Bank's or Agent's
principal office is located, (c) in a jurisdiction in which such Bank's or
Agent's lending office (or branch) in respect of which the loan is booked or
payments under this Agreement are made is located, or (d) in the case of a
Non-US Participant (as defined in Section 7.6 hereof), any United States
withholding tax that is imposed on amounts payable to such Non-US Participant at
the time such Non-US Participant becomes a party to this Agreement (or
designates a new lending office) or is attributable to such Non-US Participant's
failure to comply with Section 7.6(d), except to the extent, in the case of the
designation of a new lending office, that such Non-US Participant was already
entitled, at the time of designation of a new lending office, to receive
additional amounts from the Borrower with respect to such withholding tax
pursuant to Section 7.6(a).

     Existing Credit Agreement - see Preamble.

     Existing Debt - see Preamble.

     Federal Funds Rate means, for any day, the rate set forth in the weekly
statistical release designated as 1-1.15(519), or any successor publication,
published by the Federal Reserve Bank of New York (including any such successor
publication, "H.15(519)") on the preceding Business Day opposite the caption
"Federal Funds (Effective)"; or, if for any relevant day such rate is not so
published on any such preceding Business Day, the rate for such day will be the
arithmetic mean as determined by the Agent of the rates for the last transaction
in overnight Federal funds arranged prior to 9:00 A.M. (New York City time) on
that day by each of three leading brokers of Federal funds transactions in New
York City selected by the Agent.

                                       9

<PAGE>

     Fiscal Quarter means a fiscal quarter of a Fiscal Year.

     Fiscal Year means the fiscal year of the Company and its Subsidiaries,
which period shall be the 12-month period ending on December 31st of each year.
References to a Fiscal Year with a number corresponding to any calendar year
(e.g., "Fiscal Year 2006") refer to the Fiscal Year ending on December 31 of
such calendar year.

     Fixed Charge Coverage Ratio means for any Computation Period, the ratio of
(a) the total for such period of Adjusted EBITDA minus the sum of all income
taxes paid by the Company and its Subsidiaries and all Capital Expenditures to
(b) the sum for such period of (i) Interest Expense plus (ii) required payments
of principal of Funded Debt (including regularly scheduled payments in respect
of the Term Loan but excluding the Revolving Loans) plus (iii) all dividends
paid by the Company during such period.

     Foreign Subsidiary means each Subsidiary which is (a) organized under the
laws of a jurisdiction other than the United States of America or any state
thereof, (b) conducts substantially all of its business outside of the United
States of America, and (c) has substantially all of its assets outside the
United States of America.

     FRB means the Board of Governors of the Federal Reserve System or any
successor thereto.

     Funded Debt means, as to any Person, all Debt of such Person that matures
more than one year from the date of its creation (or is renewable or extendible,
at the option of such Person, to a date more than one year from such date).

     Funded Debt to Adjusted EBITDA Ratio means, as of the last day of any
Fiscal Quarter, the ratio of (a) Funded Debt as of such day to (b) Adjusted
EBITDA for the Computation Period ending on such day.

     GAAP means generally accepted accounting principles set forth from time to
time in the opinions and pronouncements of the Accounting Principles Board and
the American Institute of Certified Public Accountants and statements and
pronouncements of the Financial Accounting Standards Board (or agencies with
similar functions of comparable stature and authority within the U.S. accounting
profession), which are applicable to the circumstances as of the date of
determination.

     Group - see Section 2.2.1.

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

     Guarantor means each Restricted Subsidiary of the Company, including
Restricted Subsidiaries formed or acquired after the date hereof.

     Guaranty means a Guaranty substantially in the form of Exhibit F.

                                       10

<PAGE>

     Hazardous Substances - see Section 9.15.

     Hedging Agreement shall mean any interest rate, currency or commodity swap
agreement, cap agreement or collar agreement, and any other agreement or
arrangement designed to protect the Company or any Subsidiary of the Company
against fluctuations in interest rates, currency exchange rates or commodity
prices.

     Hedging Obligation shall mean any liability of the Company or any
Subsidiary to the Bank or an affiliate of the Bank under any Hedging Agreement.

     Interest Expense means for any period the consolidated interest expense of
the Company and its Subsidiaries for such period (including all imputed interest
on Capital Leases).

     Interest Period means, as to any LIBOR Loan, the period commencing on the
date such Loan is borrowed or continued as, or converted into, a LIBOR Loan and
ending on the date one, two or three months thereafter as selected by the
Company pursuant to Section 2.2.2 or 2.2.3, as the case may be; provided that:

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

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

               (c) the Company may not select any Interest Period for a
          Revolving Loan which would extend beyond the scheduled Termination
          Date; and

               (d) the Company may not select any Interest Period for a Term
          Loan if, after giving effect to such selection, the aggregate
          principal amount of all Term Loans having Interest Periods ending
          after any date on which an installment of principal of the Term Loans
          is scheduled to be repaid would exceed the aggregate principal amount
          of the Term Loans scheduled to be outstanding after giving effect to
          such repayment.

     Inventory has the meaning assigned to such term in the UCC.

     Investment means, relative to any Person, any investment in another Person,
whether by acquisition of any debt or equity security, by making any loan or
advance or by becoming obligated with respect to a Suretyship Liability in
respect of obligations of such other Person (other than travel and similar
advances to employees in the ordinary course of business).

                                       11

<PAGE>

     Issuing Bank means LaSalle in its capacity as the issuer of Letters of
Credit hereunder and its successors and assigns in such capacity.

     LaSalle - see the Preamble.

     LaSalle Master Letter of Credit Agreement means a master letter of credit
agreement in the form of Exhibit G.

     L/C Application means, with respect to any request for the issuance of a
Letter of Credit, a letter of credit application in the form being used by the
Issuing Bank at the time of such request for the type of letter of credit
requested.

     LC Fee Rate - see the Pricing Schedule.

     Letter of Credit - see Section 2.1.3.

     LIBOR Loan means any Loan which bears interest at a rate determined by
reference to the LIBOR Rate (Reserve Adjusted).

     LIBOR Margin - see the Pricing Schedule.

     LIBOR Office means with respect to any Bank, the office or offices of such
Bank which shall be making or maintaining the LIBOR Loans of such Bank
hereunder. A LIBOR Office of any Bank may be, at the option of such Bank, either
a domestic or foreign office.

     LIBOR Rate means a rate of interest equal to (a) the per annum rate of
interest at which United States dollar deposits in an amount comparable to the
amount of the relevant LIBOR Loan and for a period equal to the relevant
Interest Period are offered in the London Interbank Eurodollar market at 11:00
A.M. (London time) two (2) Business Days prior to the commencement of such
Interest Period (or three (3) Business Days prior to the commencement of such
Interest Period if banks in London, England were not open and dealing in
offshore United States dollars on such second preceding Business Day), as
displayed in the Bloomberg Financial Markets system (or other authoritative
source selected by the Agent in its sole discretion) or, if the Bloomberg
Financial Markets system or another authoritative source is not available, as
the LIBOR Rate is otherwise determined by the Agent in its sole and absolute
discretion, divided by (b) a number determined by subtracting from 1.00 the then
stated maximum reserve percentage for determining reserves to be maintained by
member banks of the Federal Reserve System for Eurocurrency funding or
liabilities as defined in Regulation D (or any successor category of liabilities
under Regulation D), such rate to remain fixed for such Interest Period. The
Agent's determination of the LIBOR Rate shall be conclusive, absent manifest
error.

     LIBOR Rate (Reserve Adjusted) means, with respect to any LIBOR Loan for any
Interest Period, a rate per annum (rounded upwards, if necessary, to the nearest
1/16th of 1%) determined pursuant to the following formula:

                                       12

<PAGE>

              LIBOR Rate     =      LIBOR Rate
          ------------------   --------------------
          (Reserve Adjusted)   1-Reserve Percentage

     Lien means, with respect to any Person, any interest granted by such Person
in any real or personal property, asset or other right owned or being purchased
or acquired by such Person which secures payment or performance of any
obligation and shall include any mortgage, lien, encumbrance, charge or other
security interest of any kind, whether arising by contract, as a matter of law,
by judicial process or otherwise.

     Loan Documents means this Agreement, the Notes, the LaSalle Master Letter
of Credit Agreement, the L/C Applications, any Guaranty executed in connection
with this Agreement, Hedging Agreements and the Collateral Documents.

     Loan Fee - see Section 5.4.

     Loan Party means the Company, each Guarantor and any other Person who may
from time to time become a party to any Loan Document.

     Loan or Loans means, as the context may require, Revolving Loans and/or the
Term Loan.

     Mandatory Prepayment Event - see Section 6.2.2(a).

     Margin Stock means any "margin stock" as defined in Regulation U.

     Material Adverse Effect means (a) a material adverse change in, or a
material adverse effect upon, the financial condition, operations, assets,
business, properties or prospects of the Company and its Subsidiaries taken as a
whole, (b) a material impairment of the ability of the Company or any Subsidiary
to perform any of its obligations under any Loan Document or (c) a material
adverse effect upon any substantial portion of the collateral under the
Collateral Documents or upon the legality, validity, binding effect or
enforceability against the Company or any Subsidiary of any Loan Document.

     Multiemployer Pension Plan means a multiemployer plan, as defined in
Section 4001(a)(3) of ERISA, to which the Company or any member of the
Controlled Group may have any liability.

     Net Cash Proceeds means:

     (a)  with respect to any Asset Disposition, the aggregate cash proceeds
          (including cash proceeds received pursuant to policies of insurance or
          by way of deferred payment of principal pursuant to a note,
          installment receivable or otherwise, but only as and when received)
          received by any Loan Party pursuant to such Asset Disposition net of
          (i) the direct costs relating to such sale, transfer or other
          disposition (including sales commissions and legal, accounting and
          investment banking fees), (ii) taxes paid or reasonably estimated by
          the Company to be payable as a result thereof (after taking into
          account any available tax credits or deductions and any tax sharing
          arrangements) and (iii) amounts required to be

                                       13

<PAGE>

          applied to the repayment of any Debt secured by a Lien on the asset
          subject to such Asset Disposition (other than the Loans);

     (b)  with respect to any issuance of Capital Securities, the aggregate cash
          proceeds received by any Loan Party pursuant to such issuance, net of
          the direct costs relating to such issuance (including sales and
          underwriters' commissions and reasonable legal and accounting fees);
          and

     (c)  with respect to any issuance of Debt, the aggregate cash proceeds
          received by any Loan Party pursuant to such issuance, net of the
          direct costs of such issuance (including up-front, underwriters' and
          placement fees and reasonable legal and accounting fees).

     Non-Use Fee Rate - see the Pricing Schedule.

     Notes means, collectively, the Revolving Loan Notes and the Term Loan
Notes.

     Operating Lease means any lease of (or other agreement conveying the right
to use) any real or personal property by the Company or any Subsidiary, as
lessee, other than any Capital Lease.

     PBGC means the Pension Benefit Guaranty Corporation and any entity
succeeding to any or all of its functions under ERISA.

     Pension Plan means a "pension plan", as such term is defined in Section
3(2) of ERISA, which is subject to Title IV of ERISA (other than a Multiemployer
Pension Plan), and to which the Company or any member of the Controlled Group
may have any liability, including any liability by reason of having been a
substantial employer within the meaning of Section 4063 of ERISA at any time
during the preceding five years, or by reason of being deemed to be a
contributing sponsor under Section 4069 of ERISA.

     Person means any natural person, corporation, partnership, trust, limited
liability company, association, governmental authority or unit, or any other
entity, whether acting in an individual, fiduciary or other capacity.

     Pricing Schedule - see Pricing Schedule attached hereto.

     Pro Rata Share means:

     (a)  with respect to a Bank's obligation to make Revolving Loans,
          participate in Letters of Credit, reimburse the Issuing Bank, and
          receive payments of principal, interest, fees, costs, and expenses
          with respect thereto, (x) prior to the Revolving Commitment Amount
          being terminated or reduced to zero, the percentage obtained by
          dividing (i) such Bank's Revolving Loan Commitment, by (ii) the
          aggregate Revolving Loan Commitments of all Banks and (y) from and
          after the time the Revolving Commitment Amount has been terminated or
          reduced to zero, the percentage obtained by dividing (i) the aggregate
          unpaid principal amount of

                                       14

<PAGE>

          such Bank's Revolving Outstandings by (ii) the aggregate unpaid
          principal amount of all Revolving Outstandings;

     (b)  with respect to a Bank's obligation to make a Term Loan and receive
          payments of interest, fees, and principal with respect thereto, (x)
          prior to the making of the Term Loans, the percentage obtained by
          dividing (i) such Bank's Term Loan Commitment, by (ii) the aggregate
          amount of all of the Banks' Term Loan Commitments, and (y) from and
          after the making of the Term Loans, the percentage obtained by
          dividing (i) the unpaid principal amount of such Bank's Term Loan by
          (ii) the unpaid principal amount of all Term Loans of all Banks;

     (c)  with respect to all other matters as to a particular Bank, the
          percentage obtained by dividing (i) such Bank's Revolving Loan
          Commitment plus such Bank's Term Loan Commitment, by (ii) the
          aggregate amount of Revolving Loan Commitments of all Banks plus the
          Term Loan Commitment of all Banks; provided that in the event the
          Commitments have been terminated or reduced to zero, Pro Rata Share
          shall be the percentage obtained by dividing (A) the principal amount
          of such Bank's Revolving Outstandings plus the unpaid principal amount
          of such Bank's Term Loan by (B) the principal amount of all
          outstanding Revolving Outstandings plus the unpaid principal amount of
          all Term Loans of all Banks.

     Prime Rate means, for any day, the rate of interest in effect for such day
as publicly announced from time to time by LaSalle as its prime rate (whether or
not such rate is actually charged by LaSalle). Any change in the Prime Rate
announced by LaSalle shall take effect at the opening of business on the day
specified in the public announcement of such change. Prime Rate is not
necessarily the lowest or best rate charged to any customer.

     RCRA - see Section 9.15.

     Redemption - see Preamble.

     Regulation D means Regulation D of the FRB.

     Regulation U means Regulation U of the FRB.

     Reimbursement Agreement means that certain Amended and Restated
Reimbursement Agreement dated as of March 30, 2006 by and between the Company
and LaSalle as amended by that certain First Amendment to Amended and Restated
Reimbursement Agreement of even date herewith in the form attached hereto as
Exhibit H, pursuant to which LaSalle has previously issued and has agreed to
extend an irrevocable direct pay letter of credit in favor of LaSalle Bank
National Association, as trustee for the bondholders under the Indenture of
Trust dated as of December 1, 2004 between The Industrial Development Board of
the City of Jefferson City, Tennessee and such trustee, in the amount of
$2,841,425.00, as heretofore or hereafter amended, restated, modified or
supplemented from time to time.

     Release has the meaning specified in CERCLA and the term "Disposal" (or
"Disposed")

                                       15

<PAGE>

has the meaning specified in RCRA; provided that in the event either CERCLA or
RCRA is amended so as to broaden the meaning of any term defined thereby, such
broader meaning shall apply as of the effective date of such amendment; and
provided, further, that to the extent that the laws of a state wherein any
affected property lies establish a meaning for "Release" or "Disposal" which is
broader than is specified in either CERCLA or RCRA, such broader meaning shall
apply.

     Required Banks means Banks having Pro Rata Shares aggregating 66-2/3% or
more.

     Reserve Percentage means, with respect to any LIBOR Loan for any Interest
Period, a percentage (expressed as a decimal) equal to the daily average during
such Interest Period of the percentage in effect on each day of such Interest
Period, as prescribed by the FRB, for determining the aggregate maximum reserve
requirements applicable to "Eurocurrency Liabilities" pursuant to Regulation D
or any other then applicable regulation of the FRB which prescribes reserve
requirements applicable to "Eurocurrency Liabilities" as presently defined in
Regulation D.

     Restricted Subsidiary means any Subsidiary of the Company (other than a
Foreign Subsidiary) which either accounts for 5% or more of the consolidated
assets of the Company and its Subsidiaries or accounts for 5% or more of
Consolidated Net Income.

     Revolving Commitment Amount means $28,000,000, as reduced from time to time
pursuant to Section 6.1.

     Revolving Loan - see Section 2.1.1.

     Revolving Loan Commitment means, with respect to any Bank, such
Bank's Pro Rata Share of the Revolving Commitment set forth on Schedule 2.1
hereto, as applicable, as adjusted from time to time in accordance with the
terms hereof.

     Revolving Loan Note - see Section 3.1(a).

     Revolving Outstandings mean, at any time, the sum of (a) the aggregate
principal amount of all outstanding Revolving Loans, plus (b) the Stated Amount
of all Letters of Credit.

     SEC means the Securities and Exchange Commission or any other governmental
authority succeeding to any of the principal functions thereof.

     Security Agreement means a Second Amended and Restated Security Agreement
substantially in the form of Exhibit D.

     Stated Amount means, with respect to any Letter of Credit or 2004 IRB
Letter of Credit at any date of determination, (a) the maximum aggregate amount
available for drawing thereunder under any and all circumstances plus (b) the
aggregate amount of all unreimbursed payments and disbursements under such
Letter of Credit or 2004 IRB Letter of Credit.

                                       16

<PAGE>

     Subordinated Debt means any unsecured Debt of the Company which has
subordination terms, covenants, pricing and other terms which have been approved
in writing by the Required Banks.

     Subsidiary means, with respect to any Person, a corporation, partnership,
limited liability company or other entity of which such Person and/or its other
Subsidiaries own, directly or indirectly, such number of outstanding shares or
other ownership interests as have more than 50% of the ordinary voting power for
the election of directors or other managers of such corporation, partnership,
limited liability company or other entity. Unless the context otherwise
requires, each reference to Subsidiaries herein shall be a reference to
Subsidiaries of the Company.

     Suretyship Liability means any agreement, undertaking or arrangement by
which any Person guarantees, endorses or otherwise becomes or is contingently
liable upon (by direct or indirect agreement, contingent or otherwise, to
provide funds for payment, to supply funds to or otherwise to invest in a
debtor, or otherwise to assure a creditor against loss) any indebtedness,
obligation or other liability of any other Person (other than by endorsements of
instruments in the course of collection), or guarantees the payment of dividends
or other distributions upon the shares of any other Person. The amount of any
Person's obligation in respect of any Suretyship Liability shall (subject to any
limitation set forth therein) be deemed to be the principal amount of the debt,
obligation or other liability supported thereby.

     Taxes means any and all present and future taxes, duties, levies, imposts,
deductions, assessments, charges or withholdings, and any and all liabilities
(including interest and penalties and other additions to taxes) with respect to
the foregoing, but excluding Excluded Taxes.

     Term Commitment means $10,000,000.00.

     Term Loan Commitment means, with respect to any Bank, such Bank's Pro Rata
Share of the Term Commitment set forth on Schedule 2.1 hereto, as applicable, as
adjusted from time to time in accordance with the terms hereof.

     Term Loans - see Section 2.1.2.

     Term Loan Note - see Section 3.1(b).

     Term Loan Maturity Date -means the earlier of (a) March 30, 2012 or (b) the
Termination Date.

     Termination Date means the earlier to occur of (a) March 30, 2012, or (b)
such other date on which the Commitments terminate pursuant to Section 6 or 12.

     Total Debt means all Debt of the Company and its Subsidiaries, determined
on a consolidated basis, excluding (i) contingent obligations in respect of
Suretyship Liabilities (except to the extent constituting Suretyship Liabilities
in respect of Debt of a Person other than the Company or any Subsidiary), (ii)
Hedging Obligations, and (iii) Debt of the Company to Subsidiaries and Debt of
Subsidiaries to the Company or to other Subsidiaries.

                                       17

<PAGE>

     Type of Loan or Borrowing - see Section 2.2.1. The types of Loans or
borrowings under this Agreement are as follows: Base Rate Loans or borrowings
and LIBOR Loans or borrowings.

     UCC means the Uniform Commercial Code as in effect from time to time in the
State of Illinois.

     Unmatured Event of Default means the occurrence of any event set forth in
Section 12.1 hereof which, if it continues, will, with lapse of time or notice
or both as provided therein, constitute an Event of Default.

     Wholly-Owned Subsidiary means, as to any Person, another Person all of the
shares of capital stock or other ownership interests of which (except directors'
qualifying shares) are at the time directly or indirectly owned by such Person
and/or another Wholly-Owned Subsidiary of such Person.

     1.2 Other Interpretive Provisions.

          (a) The meanings of defined terms are equally applicable to the
     singular and plural forms of the defined terms.

          (b) Section, Schedule and Exhibit references are to this Agreement
     unless otherwise specified.

          (c) The term "including" is not limiting and means "including without
     limitation."

          (d) In the computation of periods of time from a specified date to a
     later specified date, the word "from" means "from and including"; the words
     "to" and "until" each mean "to but excluding", and the word "through" means
     "to and including."

          (e) Unless otherwise expressly provided herein, (i) references to
     agreements (including this Agreement) and other contractual instruments
     shall be deemed to include all subsequent amendments and other
     modifications thereto, but only to the extent such amendments and other
     modifications are not prohibited by the terms of any Loan Document, and
     (ii) references to any statute or regulation shall be construed as
     including all statutory and regulatory provisions amending, replacing,
     supplementing or interpreting such statute or regulation.

          (f) This Agreement and the other Loan Documents may use several
     different limitations, tests or measurements to regulate the same or
     similar matters. All such limitations, tests and measurements are
     cumulative and each shall be performed in accordance with its terms.

          (g) This Agreement and the other Loan Documents are the result of
     negotiations among and have been reviewed by counsel to the Agent, the
     Company, the

                                       18

<PAGE>

     Banks and the other parties thereto and are the products of all parties.
     Accordingly, they shall not be construed against the Agent or the Banks
     merely because of the Agent's or Banks' involvement in their preparation.

                                    SECTION 2
                      COMMITMENTS OF THE BANKS; BORROWING,
                   CONVERSION AND LETTER OF CREDIT PROCEDURES

     2.1 Commitments. On and subject to the terms and conditions of this
Agreement, each of the Banks, severally and for itself alone, agrees to make
loans to, and to issue or participate in letters of credit for the account of,
the Company as follows (collectively, the "Commitments"):

     2.1.1 Revolving Loan Commitment. Each Bank with a Revolving Loan Commitment
will make loans on a revolving basis ("Revolving Loans") from time to time until
the Termination Date in such Bank's Pro Rata Share of such aggregate amounts as
the Company may request pursuant to Section 2.2 hereof; provided that the
Revolving Outstandings will not at any time exceed the lesser of (x) the
Revolving Commitment Amount and (y) the Borrowing Base.

     2.1.2 Term Loan Commitment. Each Bank with a Term Loan Commitment agrees to
make a loan to the Company (each such loan, a "Term Loan") on the Closing Date
in the amount of such Bank's Term Loan Commitment. The Commitments of the Banks
to make Term Loans shall expire concurrently with the making of the Term Loans
on the Closing Date.

     2.1.3. L/C Commitment. (a) The Issuing Bank will issue letters of credit,
in each case containing such terms and conditions as are permitted by this
Agreement and are reasonably satisfactory to the Issuing Bank (each a "Letter of
Credit"; such Letter(s) of Credit shall exclude that certain direct pay letter
of credit dated as of December 1, 2004, the available face amount of which is
$2,841,425.00 as of the date hereof, relating to the indebtedness described in
Section 10.7(i) (as the same may be amended, modified, extended or restated from
time to time, the "2004 IRB Letter of Credit")), at the request of and for the
account of the Company from time to time before the date which is 30 days prior
to the Termination Date and (b) as more fully set forth in Section 2.3.2, each
Bank agrees to purchase a participation in each such Letter of Credit; provided
that (i) the aggregate Stated Amount of all Letters of Credit shall not at any
time exceed $5,000,000 and (ii) the Revolving Outstandings will not at any time
exceed the lesser of (x) the Revolving Commitment Amount and (y) the Borrowing
Base.

     2.2 Loan Procedures.

     2.2.1 Various Types of Loans. Each Revolving Loan shall be, and each Term
Loan may be divided into tranches which are, either a Base Rate Loan or a LIBOR
Loan (each a "type" of Loan), as the Company shall specify in the related notice
of borrowing or conversion pursuant to Section 2.2.2 or 2.2.3. LIBOR Loans
having the same Interest Period are sometimes called a "Group" or collectively
"Groups". Base Rate Loans and LIBOR Loans may be outstanding at the same time,
provided that not more than five (5) different Groups of LIBOR

                                       19

<PAGE>

Loans shall be outstanding at any one time. All borrowings, conversions and
repayments of Revolving Loans shall be effected so that each Bank will have a
pro rata share (according to its Pro Rata Share) of all types and Groups of
Loans.

     2.2.2 Borrowing Procedures. The Company shall give written notice or
telephonic notice (followed immediately by written confirmation thereof) to the
Agent of each proposed borrowing not later than (a) in the case of a Base Rate
borrowing, 11:00 A.M., Chicago time, on the proposed date of such borrowing, and
(b) in the case of a LIBOR borrowing, 10:00 A.M., Chicago time, at least three
Business Days prior to the proposed date of such borrowing. Each such notice
shall be effective upon receipt by the Agent, shall be irrevocable, and shall
specify the date, amount and type of borrowing and, in the case of a LIBOR
borrowing, the initial Interest Period therefor. Promptly upon receipt of such
notice and in any event, no later than 12:30 p.m. Chicago time, the Agent shall
advise each Bank thereof not later than 2:30 P.M., Chicago time, on the date of
a proposed borrowing, each Bank shall provide the Agent at the office specified
by the Agent with immediately available funds covering such Bank's Pro Rata
Share of such borrowing and, so long as the Agent has not received written
notice that the conditions precedent set forth in Section 11 with respect to
such borrowing have not been satisfied, the Agent shall pay over the funds
received by the Agent to the Company on the requested borrowing date. Each
borrowing shall be on a Business Day. Each Base Rate borrowing shall be in an
aggregate amount of at least $100,000 and an integral multiple of $10,000, and
each LIBOR borrowing shall be in an aggregate amount of at least $1,000,000 and
an integral multiple of at least $100,000.

     2.2.3 Conversion and Continuation Procedures.

          (a) Subject to Sections 2.2.1 and 2.2.2, the Company may, upon
     irrevocable written notice to the Agent in accordance with clause (b)
     below:

               (i) elect, as of any Business Day, to convert any Loans (or any
          part thereof) in an aggregate amount not less than $100,000 or a
          higher integral multiple of $10,000 into Loans of the other type; or

               (ii) elect, as of the last day of the applicable Interest Period,
          to continue any LIBOR Loans having Interest Periods expiring on such
          day (or any part thereof) in an aggregate amount not less than
          $1,000,000 or a higher integral multiple of $100,000 for a new
          Interest Period;

provided that after giving effect to any prepayment, conversion or continuation,
the aggregate principal amount of each Group of LIBOR Loans shall be at least
$1,000,000 and an integral multiple of $100,000.

          (b) The Company shall give written or telephonic (followed immediately
     by written confirmation thereof) notice to the Agent of each proposed
     conversion or continuation not later than (i) in the case of conversion
     into Base Rate Loans, 10:00 A.M., Chicago time, on the proposed date of
     such conversion and (ii) in the case of conversion into or continuation of
     LIBOR Loans, 10:00 A.M., Chicago time, at least

                                       20

<PAGE>

     three Business Days prior to the proposed date of such conversion or
     continuation, specifying in each case:

               (i) the proposed date of conversion or continuation;

               (ii) the aggregate amount of Loans to be converted or continued;

               (iii) the type of Loans resulting from the proposed conversion or
          continuation; and

               (iv) in the case of conversion into, or continuation of, LIBOR
          Loans, the duration of the requested Interest Period therefor.

          (c) If upon the expiration of any Interest Period applicable to LIBOR
     Loans, the Company has failed to select timely a new Interest Period to be
     applicable to such LIBOR Loans, the Company shall be deemed to have elected
     to convert such LIBOR Loans into Base Rate Loans effective on the last day
     of such Interest Period.

          (d) The Agent will promptly notify each Bank of its receipt of a
     notice of conversion or continuation pursuant to this Section 2.2.3 or, if
     no timely notice is provided by the Company, of the details of any
     automatic conversion.

          (e) Any conversion of a LIBOR Loan on a day other than the last day of
     an Interest Period therefor shall be subject to Section 8.4.

     2.3 Letter of Credit Procedures.

     2.3.1 L/C Applications. The Company shall give notice to the Agent and the
Issuing Bank of the proposed issuance of each Letter of Credit on a Business Day
which is at least three Business Days (or such lesser number of days as the
Agent and the Issuing Bank shall agree in any particular instance in their sole
discretion) prior to the proposed date of issuance of such Letter of Credit.
Each such notice shall be accompanied by an L/C Application, duly executed by
the Company and in all respects satisfactory to the Agent and the Issuing Bank,
together with such other documentation as the Agent or the Issuing Bank may
reasonably request in support thereof, it being understood that each L/C
Application shall specify, among other things, the date on which the proposed
Letter of Credit is to be issued, the expiration date of such Letter of Credit
(which such expiration date shall not be later than (1) if such Letter of Credit
is not a Cash Collateralized Letter of Credit, the earlier to occur of (x) one
year after the date of issuance thereof and (y) thirty days prior to the
Termination Date or (2) if such Letter of Credit is a Cash Collateralized Letter
of Credit, one year after the Termination Date) and whether such Letter of
Credit is to be transferable in whole or in part. So long as the Issuing Bank
has not received written notice that the conditions precedent set forth in
Section 11 with respect to the issuance of such Letter of Credit have not been
satisfied, the Issuing Bank shall issue such Letter of Credit on the requested
issuance date. The Issuing Bank shall promptly advise the Agent of the issuance
of each Letter of Credit and of any amendment thereto, extension thereof or
event or circumstance changing the amount available for drawing thereunder. In
the event of any

                                       21

<PAGE>

inconsistency between the terms of any L/C Application and the terms of this
Agreement, the terms of this Agreement shall control; provided, that, as long as
LaSalle is the Issuing Bank, the terms of the LaSalle Master Letter of Credit
Agreement shall govern and control in the event of any inconsistency between the
terms of this Agreement and the LaSalle Master Letter of Credit Agreement.

     2.3.2 Participations in Letters of Credit. Concurrently with the issuance
of each Letter of Credit, the Issuing Bank shall be deemed to have sold and
transferred to each other Bank with a Revolving Loan Commitment, and each other
Bank shall be deemed irrevocably and unconditionally to have purchased and
received from the Issuing Bank, without recourse or warranty, an undivided
interest and participation, to the extent of such other Bank's Pro Rata Share,
in such Letter of Credit and the Company's reimbursement obligations with
respect thereto. For the purposes of this Agreement, the unparticipated portion
of each Letter of Credit shall be deemed to be the Issuing Bank's
"participation" therein. The Issuing Bank hereby agrees, upon request of the
Agent or any Bank, to deliver to the Agent or such Bank a list of all
outstanding Letters of Credit issued by the Issuing Bank, together with such
information related thereto as the Agent or such Bank may reasonably request.

     2.3.3 Reimbursement Obligations.

     (a) Obligations Absolute. The Company hereby unconditionally and
irrevocably agrees to reimburse the Issuing Bank for each payment or
disbursement made by the Issuing Bank under any Letter of Credit honoring any
demand for payment made by the beneficiary thereunder, in each case on the date
that such payment or disbursement is made. Any amount not reimbursed on the date
of such payment or disbursement shall bear interest from the date of such
payment or disbursement to the date that the Issuing Bank is reimbursed by the
Company therefor, payable on demand, at a rate per annum equal to the Base Rate
from time to time in effect plus the Base Rate Margin from time to time in
effect plus, beginning on the third Business Day after receipt of notice from
the Issuing Bank of such payment or disbursement, 2%. The Issuing Bank shall
notify the Company and the Agent whenever any demand for payment is made under
any Letter of Credit by the beneficiary thereunder; provided that the failure of
the Issuing Bank to so notify the Company shall not affect the rights of the
Issuing Bank or the Banks in any manner whatsoever.

     (b) Indemnification; Nature of Bank's Duties.

          (i) In addition to amounts payable as elsewhere provided in this
     Agreement, the Company hereby agrees to pay and to protect, indemnify and
     save harmless the Banks from and against any and all claims, demands,
     liabilities, damages, losses, costs, charges and expenses (including
     reasonable attorneys' fees and allocated costs of internal counsel) that
     the Banks may incur or be subject to as a consequence, direct or indirect,
     of (A) the issuance of any Letter of Credit or the incurrence obligations
     pursuant to any Letter of Credit in respect thereof, or (B) the failure of
     the Banks to honor a demand for payment under any Letter of Credit or of
     the Banks to make any payment under any obligations pursuant to any Letter
     of Credit as a result of any act or omission, whether rightful or wrongful,
     of any present or future de jure or de facto government or Governmental
     Authority, in each case other than to the extent solely as a result of the

                                       22

<PAGE>

     gross negligence or willful misconduct of the Banks (as finally determined
     by a court of competent jurisdiction).

          (ii) As between the Banks, on the one hand, and the Company on the
     other hand, the Company assumes all risks of the acts and omissions of, or
     misuse of any Letter of Credit by, beneficiaries of any Letter of Credit.
     In furtherance and not in limitation of the foregoing, to the fullest
     extent permitted by law, the Banks shall not be responsible for (A) the
     form, validity, sufficiency, accuracy, genuineness or legal effect of any
     document issued by any party in connection with the application for and
     issuance of any Letter of Credit, even if it should in fact prove to be in
     any or all respects invalid, insufficient, inaccurate, fraudulent or
     forged, (B) the validity or sufficiency of any instrument transferring or
     assigning or purporting to transfer or assign any Letter of Credit or the
     rights or benefits thereunder or proceeds thereof, in whole or in part,
     that may prove to be invalid or ineffective for any reason, (C) the failure
     of the beneficiary of any Letter of Credit to comply fully with conditions
     required to demand payment under such Letter of Credit; (D) errors,
     omissions, interruptions or delays in transmission or delivery of any
     messages by mail, cable, telegraph, telex or otherwise, whether or not they
     may be in cipher, (E) errors in interpretation of technical terms, (F) any
     loss or delay in the transmission or otherwise of any document required to
     make a payment under any Letter of Credit, (G) the credit of the proceeds
     of any drawing under any Letter of Credit and (H) any consequences arising
     from causes beyond the control of the Banks; provided that in each case
     described in (A)-(H) hereof, a Bank shall be liable only to the extent of
     any losses, claims or liabilities that arise solely as a result of its
     gross negligence or willful misconduct (as finally determined by a court of
     competent jurisdiction). None of the above shall affect, impair or prevent
     the vesting of any of the Banks' rights or powers hereunder or under this
     Agreement.

     2.3.4 Limitation on Obligations of Issuing Bank. In determining whether to
pay under any Letter of Credit, the Issuing Bank shall not have any obligation
to the Company or any Bank other than to confirm that any documents required to
be delivered under such Letter of Credit appear to have been delivered and
appear to comply on their face with the requirements of such Letter of Credit.
Any action taken or omitted to be taken by the Issuing Bank under or in
connection with any Letter of Credit, if taken or omitted in the absence of
gross negligence and willful misconduct, shall not impose upon the Issuing Bank
any liability to the Company or any Bank and shall not reduce or impair the
Company's reimbursement obligations set forth in Section 2.3.3 or the
obligations of the Banks pursuant to Section 2.3.5.

                                       23

<PAGE>

     2.3.5 Funding by Banks to Issuing Bank. If the Issuing Bank makes any
payment or disbursement under any Letter of Credit and the Company has not
reimbursed the Issuing Bank in full for such payment or disbursement by 11:00
A.M., Chicago time, on the date of such payment or disbursement, or if any
reimbursement received by the Issuing Bank from the Company is or must be
returned or rescinded upon or during any bankruptcy or reorganization of the
Company or otherwise, each other Bank with a Revolving Loan Commitment shall be
obligated to pay to the Agent for the account of the Issuing Bank, in full or
partial payment of the purchase price of its participation in such Letter of
Credit, its Pro Rata Share of such payment or disbursement (but no such payment
shall diminish the obligations of the Company under Section 2.3.3), and, upon
notice from the Issuing Bank, the Agent shall promptly notify each other Bank
thereof. Each other Bank with a Revolving Loan Commitment irrevocably and
unconditionally agrees to so pay to the Agent in immediately available funds for
the Issuing Bank's account the amount of such other Bank's Pro Rata Share of
such payment or disbursement. If and to the extent any Bank shall not have made
such amount available to the Agent by 2:00 P.M., Chicago time, on the Business
Day on which such Bank receives notice from the Agent of such payment or
disbursement (it being understood that any such notice received after noon,
Chicago time, on any Business Day shall be deemed to have been received on the
next following Business Day), such Bank agrees to pay interest on such amount to
the Agent for the Issuing Bank's account forthwith on demand, for each day from
the date such amount was to have been delivered to the Agent to the date such
amount is paid, at a rate per annum equal to (a) for the first three days after
demand, the Federal Funds Rate from time to time in effect and (b) thereafter,
the Base Rate from time to time in effect. Any Bank's failure to make available
to the Agent its Pro Rata Share of any such payment or disbursement shall not
relieve any other Bank of its obligation hereunder to make available to the
Agent such other Bank's Pro Rata Share of such payment, but no Bank shall be
responsible for the failure of any other Bank to make available to the Agent
such other Bank's Pro Rata Share of any such payment or disbursement.

     2.4 Commitments Several. The failure of any Bank to make a requested Loan
on any date shall not relieve any other Bank of its obligation (if any) to make
a Loan on such date, but no Bank shall be responsible for the failure of any
other Bank to make any Loan to be made by such other Bank.

     2.5 Certain Conditions. Notwithstanding any other provision of this
Agreement, no Bank shall have an obligation to make any Loan, or to permit the
continuation of or any conversion into any LIBOR Loan, and the Issuing Bank
shall not have any obligation to issue any Letter of Credit, if an Event of
Default or Unmatured Event of Default exists.

                                    SECTION 3
                             NOTES EVIDENCING LOANS

     3.1 Notes.

     (a) The Revolving Loans of each Bank shall be evidenced by a single
revolving note (each such note, a "Revolving Loan Note") substantially in the
form set forth in Exhibit A dated the Closing Date, with appropriate insertions,
payable to the order of such Bank in a face

                                       24

<PAGE>

principal amount equal to the sum of such Bank's Revolving Loan Commitment. Each
Revolving Loan of such Bank shall be paid in full on the Termination Date.

     (b) The Term Loan of each Bank shall be evidenced by a term note
substantially in the form of Exhibit B (each such note, a "Term Loan Note"),
dated the Closing Date in a principal amount equal to the initial principal
amount of such Bank's advance of the Term Loan or the portion of such Term Loan
assigned to such Bank in accordance with Section 14.9, duly executed and
delivered by the Company and payable to such Bank.

     3.2 Recordkeeping. Each Bank shall record in its records, or at its option
on the schedule attached to its Note, the date and amount of each Loan made by
such Bank, each repayment or conversion thereof and, in the case of each LIBOR
Loan, the dates on which each Interest Period for such Loan shall begin and end.
The aggregate unpaid principal amount so recorded shall be rebuttable
presumptive evidence of the principal amount owing and unpaid on such Note. The
failure to so record any such amount or any error in so recording any such
amount shall not, however, limit or otherwise affect the obligations of the
Company hereunder or under any Note to repay the principal amount of the Loans
evidenced by such Note together with all interest accruing thereon.

                                    SECTION 4
                                    INTEREST

     4.1 Interest Rates. The Company promises to pay interest on the unpaid
principal amount of each Loan for the period commencing on the date of such Loan
until such Loan is paid in full as follows:

          (a) at all times while such Loan is a Base Rate Loan, at a rate per
     annum equal to the sum of the Base Rate from time to time in effect plus
     the Base Rate Margin from time to time in effect; and

          (b) at all times while such Loan is a LIBOR Loan, at a rate per annum
     equal to the sum of the LIBOR Rate (Reserve Adjusted) applicable to each
     Interest Period for such Loan plus the LIBOR Margin from time to time in
     effect;

provided that at any time an Event of Default exists, if requested by the
Required Banks, the interest rate applicable to each Loan shall be increased by
2%.

     4.2 Interest Payment Dates. Accrued interest on each Base Rate Loan shall
be payable in arrears on the last day of each calendar quarter and at maturity.
Accrued interest on each LIBOR Loan shall be payable on the last day of each
Interest Period relating to such Loan and at maturity. After maturity, accrued
interest on all Loans shall be payable on demand.

     4.3 Setting and Notice of LIBOR Rates. The applicable LIBOR Rate for each
Interest Period shall be determined by the Agent, and notice thereof shall be
given by the Agent promptly to the Company and each Bank. Each determination of
the applicable LIBOR Rate by the Agent shall be conclusive and binding upon the
parties hereto, in the absence of demonstrable error; provided, however, that
upon notice by a Bank to the Agent and the Company (which notice

                                       25

<PAGE>

must be given to the Agent and the Company on or prior to the commencement of
the applicable Interest Period) that the LIBOR Rate as so determined by the
Agent is not the LIBOR Rate as determined by such Bank, then the LIBOR Rate as
so determined by such Bank shall be the LIBOR Rate applicable to such Bank's
LIBOR Loan and shall be conclusive and binding on the parties hereto, in the
absence of demonstrable error. The Agent shall, upon written request of the
Company or any Bank, deliver to the Company or such Bank a statement showing the
computations used by the Agent in determining any applicable LIBOR Rate
hereunder.

     4.4 Computation of Interest. Interest shall be computed for the actual
number of days elapsed on the basis of a year of 360 days. The applicable
interest rate for each Base Rate Loan shall change simultaneously with each
change in the Base Rate without notice or demand of any kind.

                                    SECTION 5
                                      FEES

     5.1 Non-Use Fee. The Company agrees to pay to the Agent for the account of
each Bank a non-use fee, for the period from the Closing Date to the Termination
Date, at the Non-Use Fee Rate in effect from time to time of such Bank's Pro
Rata Share (as adjusted from time to time) of the unused amount of the Revolving
Commitment Amount. For purposes of calculating usage under this Section, the
Revolving Commitment Amount shall be deemed used to the extent of the aggregate
principal amount of all outstanding Revolving Loans plus the Stated Amount of
all Letters of Credit. Such non-use fee shall be payable in arrears on the last
day of each Fiscal Quarter and on the Termination Date for any period then
ending for which such non-use fee shall not have previously been paid. The
non-use fee shall be computed for the actual number of days elapsed on the basis
of a year of 360 days.

     5.2 Letter of Credit Fees.

          (a) The Company agrees to pay to the Agent for the account of each
     Bank a nonrefundable annual letter of credit fee for each Letter of Credit
     equal to the LC Fee Rate in effect on each date such fee is payable
     hereunder of such Bank's Pro Rata Share (as adjusted from time to time) of
     the maximum amount of such Letter of Credit. Such letter of credit fee
     shall be payable in advance on the date of the issuance of each Letter of
     Credit and on each anniversary date thereafter as long as such Letter of
     Credit is outstanding.

          (b) In addition, with respect to each Letter of Credit, the Company
     agrees to pay to the Issuing Bank, for its own account, (i) such fees and
     expenses as the Issuing Bank customarily requires in connection with the
     issuance, negotiation, processing and/or administration of letters of
     credit in similar situations and (ii) a nonrefundable letter of credit
     fronting fee for each Letter of Credit in an amount equal to 25 basis
     points of the maximum amount of each commercial Letter of Credit and 125
     basis points of the maximum amount of each standby Letter of Credit, such
     fee to be payable upon issuance of the Letter of Credit and on each
     anniversary date thereafter as long as such Letter of Credit is
     outstanding.

                                       26

<PAGE>

     5.3 Annual Agent's Fees. The Company agrees to pay to the Agent such annual
Agent's fees in accordance with the Agent Fee Letter.

     5.4 Loan Fee. The Company agrees to pay to the Agent for the account of
each financial institutions party to the Existing Credit Agreement on the date
of execution of this Agreement, a $95,000 amendment fee in connection with the
amendments made to the Revolving Loan Commitments and the advance of the Term
Loan described in Section 2.1.1 and Section 2.1.2 of this Agreement,
respectively, and all other amendments contained herein that are in connection
therewith (collectively, the "Loan Fee").

                                    SECTION 6
                         REDUCTION OR TERMINATION OF THE
                    REVOLVING COMMITMENT AMOUNT; PREPAYMENTS

     6.1 Reduction or Termination of the Revolving Commitment Amount.

     6.1.1 Voluntary Reduction or Termination of the Revolving Commitment
Amount. The Company may from time to time on at least five Business Days' prior
written notice received by the Agent (which shall promptly advise each Bank
thereof) permanently reduce the Revolving Commitment Amount to an amount not
less than the Revolving Outstandings. Any such reduction shall be in an amount
not less than $5,000,000 or a higher integral multiple of $1,000,000.
Concurrently with any reduction of the Revolving Commitment Amount to zero, the
Company shall pay all interest on the Revolving Loans, all non-use fees and all
letter of credit fees and shall Cash Collateralize in full all obligations
arising with respect to the Letters of Credit.

     6.1.2 Mandatory Reductions of Revolving Commitment. On the date of any
Mandatory Prepayment Event, the Revolving Commitment Amount shall be permanently
reduced by an amount (if any) equal to the Designated Proceeds of such Mandatory
Prepayment Event over the amount (if any) applied to prepay Term Loan pursuant
to Section 6.2.2.

     6.1.3 All Reductions of the Revolving Commitment Amount. All reductions of
the Revolving Commitment Amount shall reduce the Revolving Loan Commitments pro
rata among the Banks according to their respective Pro Rata Shares.

     6.2 Prepayments.

     6.2.1 Voluntary Prepayments. The Company may from time to time prepay the
Loans in whole or in part without charge or penalty except as provided in
Section 8.4 hereof or in any Hedging Agreement; provided that the Company shall
give the Agent (which shall promptly advise each Bank) notice thereof not later
than 10:00 A.M., Chicago time, on the day of such prepayment (which shall be a
Business Day), specifying the Loans to be prepaid and the date and amount of
prepayment. Any such partial prepayment shall be in an amount equal to $100,000
or a higher integral multiple of $10,000.

                                       27

<PAGE>

     6.2.2 Mandatory Prepayments.

     (a) The Company shall make a prepayment of the Term Loan until paid in full
upon the occurrence of any of the following (each a "Mandatory Prepayment
Event") at the following times and in the following amounts (such applicable
amounts being referred to as "Designated Proceeds"):

          (i) Concurrently with the receipt by any Loan Party of any Net Cash
     Proceeds from any Asset Disposition, in an amount equal to 100% of such Net
     Cash Proceeds.

          (ii) Concurrently with the receipt by any Loan Party of any Net Cash
     Proceeds from any issuance of Capital Securities of any Loan Party
     (excluding (x) any issuance of Capital Securities pursuant to any employee
     or director option program, benefit plan or compensation program and (y)
     any issuance by a Subsidiary to the Company or another Subsidiary), in an
     amount equal to 100% of such Net Cash Proceeds.

          (iii) Concurrently with the receipt by any Loan Party of any Net Cash
     Proceeds from any issuance of any Debt of any Loan Party (excluding Debt
     permitted by Section 10.7), in an amount equal to 100% of such Net Cash
     Proceeds.

     (b) If on any day the Revolving Outstandings exceed the Borrowing Base, the
Company shall immediately prepay Revolving Loans and/or Cash Collateralize the
outstanding Letters of Credit, or do a combination of the foregoing, in an
amount sufficient to eliminate such excess.

     (c) If on any day on which the Revolving Commitment Amount is reduced
pursuant to Section 6.1.2 the Revolving Outstandings exceeds the Revolving
Commitment Amount, the Company shall immediately prepay Revolving Loans and/or
Cash Collateralize the outstanding Letters of Credit, or do a combination of the
foregoing, in an amount sufficient to eliminate such excess.

     6.3 All Prepayments. Each voluntary partial prepayment shall be in a
principal amount of $100,000 or a higher integral multiple of $10,000. Any
partial prepayment of a Group of LIBOR Loans shall be subject to the proviso to
Section 2.2.3(a). Any prepayment of a LIBOR Loan on a day other than the last
day of an Interest Period therefor shall include interest on the principal
amount being repaid and shall be subject to Section 8.4.

     6.4 Repayments.

          (a) Revolving Loans. The Revolving Loans of each Bank shall be paid in
     full and the Commitments of the Banks to make Revolving Loans shall
     terminate on the Termination Date.

          (b) Term Loan. The Term Loan of each Bank shall be paid in
     installments equal to such Bank's Pro Rata Share of the aggregate principal
     amount of the installments of the Term Loan as follows:

                                       28

<PAGE>

<TABLE>
<CAPTION>
PAYMENT DATE               AMOUNT
------------              --------
<S>                       <C>
June 30, 2008             $625,000
September 30, 2008        $625,000
December 31, 2008         $625,000
March 31, 2009            $625,000
June 30, 2009             $625,000
September 30, 2009        $625,000
December 31, 2009         $625,000
March 31, 2010            $625,000
June 30, 2010             $625,000
September 30, 2010        $625,000
December 31, 2010         $625,000
March 31, 2011            $625,000
June 30, 2011             $625,000
September 30, 2011        $625,000
December 31, 2011         $625,000
Term Loan Maturity Date   $625,000
</TABLE>

     Unless sooner paid in full, the outstanding principal balance of the Term
Loan shall be paid in full on the Term Loan Maturity Date.

                                    SECTION 7
                 MAKING AND PRORATION OF PAYMENTS; SETOFF; TAXES

     7.1 Making of Payments. All payments of principal of or interest on the
Notes, and of all fees, shall be made by the Company to the Agent in immediately
available funds at the office specified by the Agent not later than 10:00 A.M.
Chicago time, on the date due; and funds received after that hour shall be
deemed to have been received by the Agent on the following Business Day. The
Agent shall promptly remit to each Bank its share of all such payments received
in collected funds by the Agent for the account of such Bank. All payments under
Section 8.1 shall be made by the Company directly to the Bank entitled thereto.

     7.2 Application of Certain Payments. Each payment of principal shall be
applied to such Loans as the Company shall direct by notice to be received by
the Agent on or before the date of such payment or, in the absence of such
notice, as the Agent shall determine in its discretion. Concurrently with each
remittance to any Bank of its share of any such payment, the Agent shall advise
such Bank as to the application of such payment.

     7.3 Due Date Extension. If any payment of principal or interest with
respect to any of the Loans, or of any fees, falls due on a day which is not a
Business Day, then such due date shall be extended to the immediately following
Business Day (unless, in the case of a LIBOR Loan, such immediately following
Business Day is the first Business Day of a calendar month, in which case such
due date shall be the immediately preceding Business Day) and, in the case of
principal, additional interest shall accrue and be payable for the period of any
such extension.

                                       29

<PAGE>

     7.4 Setoff. The Company agrees that the Agent and each Bank have all rights
of set-off and bankers' lien provided by applicable law, and in addition
thereto, the Company hereby grants to the Agent and the Banks, a continuing
lien, security interest and right of setoff as security for all liabilities and
obligations to the Agent and the Banks, whether now existing or hereafter
arising, upon and against all deposits, credits, collateral and property, now or
hereafter in the possession, custody, safekeeping or control of the Agent, any
Bank or any entity under the control of any Affiliate or parent thereof and its
successors and assigns or in transit to any of them. At any time after an Event
of Default or upon notice of issue of any legal process by which process any of
the Company's assets in the possession or control of the Agent or any Bank may
be trusteed, attached or levied upon, without demand or notice (any such notice
being expressly waived by the Company), the Agent and/or such Bank may setoff
the same or any part thereof and apply the same to any liability or obligation
of the Company and any Guarantor even though unmatured and regardless of the
adequacy of any other collateral securing the Loans. ANY AND ALL RIGHTS TO
REQUIRE THE AGENT OR ANY BANK TO EXERCISE ITS RIGHTS OR REMEDIES WITH RESPECT TO
ANY OTHER COLLATERAL WHICH SECURES THE LOANS, PRIOR TO EXERCISING ITS RIGHT OF
SETOFF WITH RESPECT TO SUCH DEPOSITS, CREDITS OR OTHER PROPERTY OF THE COMPANY
OR ANY GUARANTOR, ARE HEREBY KNOWINGLY, VOLUNTARILY AND IRREVOCABLY WAIVED.

     7.5 Proration of Payments. If any Bank shall obtain any payment or other
recovery (whether voluntary, involuntary, by application of offset or otherwise,
but excluding any payment pursuant to Section 8.7 or 14.9 and payments of
interest on any Affected Loan) on account of principal of or interest on any
Loan (or on account of its participation in any Letter of Credit) in excess of
its Pro Rata Share of payments and other recoveries obtained by all Banks on
account of principal of and interest on the Loans (or such participation) then
held by them, such Bank shall purchase from the other Banks such participations
in the Loans (or sub-participations in Letters of Credit) held by them as shall
be necessary to cause such purchasing Bank to share the excess payment or other
recovery ratably with each of them; provided that if all or any portion of the
excess payment or other recovery is thereafter recovered from such purchasing
Bank, the purchase shall be rescinded and the purchase price restored to the
extent of such recovery.

     7.6 Taxes. (a) All payments made by the Company hereunder or
under any Loan Documents shall be made without setoff, counterclaim, or
other defense. To the extent permitted by applicable law, all payments hereunder
or under the Loan Documents (including any payment of principal, interest, or
fees) to, or for the benefit, of any Bank shall be made by the Company free and
clear of and without deduction or withholding for, or on account of, any Taxes
now or hereinafter imposed by any taxing authority.

     (b) If the Company makes any payment hereunder or under any Loan Document
in respect of which it is required by applicable law to deduct or withhold any
Taxes, the Company shall increase the payment hereunder or under any such Loan
Document such that after the reduction for the amount of Taxes withheld (and any
taxes withheld or imposed with respect to the additional payments required under
this Section 7.6(b)), the amount paid to the Banks or the Agent equals the
amount that was payable hereunder or under any such Loan Document without

                                       30
<PAGE>

regard to this Section 7.6(b). To the extent the Company withholds any Taxes on
payments hereunder or under any Loan Document, the Company shall pay the full
amount deducted to the relevant taxing authority within the time allowed for
payment under applicable law and shall deliver to the Agent as soon as
practicable after it has made payment to such authority a receipt issued by such
authority (or other evidence reasonably satisfactory to the Agent) evidencing
such payment.

     (c) If any Bank or the Agent is required by law to make any payments of any
Taxes on or in relation to any amounts received or receivable hereunder or under
any other Loan Document, or any Tax is assessed against a Bank or the Agent with
respect to amounts received or receivable hereunder or under any other Loan
Document, the Company will indemnify such person against (i) such Tax (and any
reasonable counsel fees and expenses associated with such Tax) and (ii) any
taxes imposed as a result of the receipt of the payment under this Section
7.6(c). A certificate prepared in good faith as to the amount of such payment by
such Bank or the Agent shall, absent manifest error, be final, conclusive, and
binding on all parties.

     (d) (i) Each Bank that is not a United States person within the meaning of
     Code Section 7701(a)(30) (a "Non-U.S. Participant") shall deliver to the
     Company and the Agent on or prior to the Closing Date (or in the case of a
     Bank that is an Assignee, on the date of such assignment to such Bank) two
     accurate and complete original signed copies of IRS Form W-8BEN, W-8ECI, or
     W-8IMY (or any successor or other applicable form prescribed by the IRS)
     certifying to such Bank's entitlement to a complete exemption from United
     States withholding tax on payments to be made hereunder. If a Bank that is
     a Non-U.S. Participant is claiming a complete exemption from withholding
     pursuant to Code Sections 871(h) or 881(c), the Bank shall deliver to the
     Company and the Agent (along with two accurate and complete original signed
     copies of IRS Form W-8BEN) a certificate in form and substance reasonably
     acceptable to the Company and the Agent (any such certificate, a
     "Withholding Certificate"). In addition, each Bank that is a Non-U.S.
     Participant agrees that from time to time after the Closing Date, (or in
     the case of a Bank that is an Assignee, after the date of the assignment to
     such Bank), when a lapse in time (or change in circumstances occurs)
     renders the prior certificates hereunder obsolete or inaccurate in any
     material respect, such Bank shall, to the extent permitted under applicable
     law, deliver to the Company and the Agent two new and accurate and complete
     original signed copies of an IRS Form W-8BEN, W-8ECI, or W-8IMY (or any
     successor or other applicable forms prescribed by the IRS), and if
     applicable, a new Withholding Certificate, to confirm or establish the
     entitlement of such Bank or the Agent to an exemption from United States
     withholding tax on payments to be made hereunder.

          (ii) Each Bank that is not a Non-U.S. Participant (other than any such
     Bank which is taxed as a corporation for U.S. federal income tax purposes)
     shall provide two properly completed and duly executed copies of IRS Form
     W-9 (or any successor or other applicable form) to the Company and the
     Agent certifying that such Bank is exempt from United States backup
     withholding tax. To the extent that a form provided pursuant to this
     Section 7.6(d)(ii) is rendered obsolete or inaccurate in any material
     respects as result of change in circumstances with respect to the status of
     a Bank, such Bank shall, to

                                       31

<PAGE>

     the extent permitted by applicable law, deliver to the Company and the
     Agent revised forms necessary to confirm or establish the entitlement of
     such Bank to such exemption from United States backup withholding tax.

          (iii) The Company shall not be required to pay additional amounts to a
     Bank, or indemnify any Bank, under this Section 7.6 to the extent that such
     obligations would not have arisen but for the failure of such Bank to
     comply with Section 7.6(d).

          (iv) Each Bank agrees to indemnify the Agent and hold the Agent
     harmless for the full amount of any and all present or future Taxes and
     related liabilities (including penalties, interest, additions to tax and
     expenses, and any Taxes imposed by any jurisdiction on amounts payable to
     the Agent under this Section 7.6) which are imposed on or with respect to
     principal, interest or fees payable to such Bank hereunder and which are
     not paid by the Company pursuant to this Section 7.6, whether or not such
     Taxes or related liabilities were correctly or legally asserted. This
     indemnification shall be made within 30 days from the date the Agent makes
     written demand therefor.

                                    SECTION 8
                       INCREASED COSTS; SPECIAL PROVISIONS
                                 FOR LIBOR LOANS

     8.1 Increased Costs.

          (a) If, after the date hereof, the adoption of, or any change any
     applicable law, rule or regulation, or any change in the interpretation or
     administration of any applicable law, rule or regulation by any
     governmental authority, central bank or comparable agency charged with the
     interpretation or administration thereof, or compliance by any Bank (or any
     LIBOR Office of such Bank) with any request or directive (whether or not
     having the force of law) of any such authority, central bank or comparable
     agency:

               (i) shall subject any Bank (or any LIBOR Office of such Bank) to
     any tax, duty or other charge with respect to its LIBOR Loans, its Note or
     its obligation to make LIBOR Loans, or shall change the basis of taxation
     of payments to any Bank of the principal of or interest on its LIBOR Loans
     or any other amounts due under this Agreement in respect of its LIBOR Loans
     or its obligation to make LIBOR Loans (except for changes in the rate of
     tax on the overall net income of such Bank or its LIBOR Office imposed by
     the jurisdiction in which such Bank's principal executive office or LIBOR
     Office is located);

               (ii) shall impose, modify or deem applicable any reserve
     (including any reserve imposed by the FRB, but excluding any reserve
     included in the determination of interest rates pursuant to Section 4),
     special deposit or similar requirement against assets of, deposits with or
     for the account of, or credit extended by any Bank (or any LIBOR Office of
     such Bank); or

                                       32

<PAGE>

               (iii) shall impose on any Bank (or its LIBOR Office) any other
     condition affecting its LIBOR Loans, its Note or its obligation to make
     LIBOR Loans;

     and the result of any of the foregoing is to increase the cost to (or to
     impose a cost on) such Bank (or any LIBOR Office of such Bank) of making or
     maintaining any LIBOR Loan, or to reduce the amount of any sum received or
     receivable by such Bank (or its LIBOR Office) under this Agreement or under
     its Note with respect thereto, then upon demand by such Bank (which demand
     shall be accompanied by a statement setting forth the basis for such demand
     and a calculation of the amount thereof in reasonable detail, a copy of
     which shall be furnished to the Agent), the Company shall pay directly to
     such Bank such additional amount as will compensate such Bank for such
     increased cost or such reduction.

          (b) If any Bank shall reasonably determine that any change in, the
     adoption or phase-in of, any applicable law, rule or regulation regarding
     capital adequacy, 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
     any Bank or any Person controlling such Bank with any request or directive
     regarding capital adequacy (whether or not having the force of law) of any
     such authority, central bank or comparable agency, has or would have the
     effect of reducing the rate of return on such Bank's or such controlling
     Person's capital as a consequence of such Bank's obligations hereunder or
     under any Letter of Credit to a level below that which such Bank or such
     controlling Person could have achieved but for such change, adoption,
     phase-in or compliance (taking into consideration such Bank's or such
     controlling Person's policies with respect to capital adequacy) by an
     amount deemed by such Bank or such controlling Person to be material, then
     from time to time, upon demand by such Bank (which demand shall be
     accompanied by a statement setting forth the basis for such demand and a
     calculation of the amount thereof in reasonable detail, a copy of which
     shall be furnished to the Agent), the Company shall pay to such Bank such
     additional amount as will compensate such Bank or such controlling Person
     for such reduction.

     8.2 Basis for Determining Interest Rate Inadequate or Unfair. If with
respect to any Interest Period:

          (a) deposits in Dollars (in the applicable amounts) are not being
     offered to the Agent in the interbank LIBOR market for such Interest
     Period, or the Agent otherwise reasonably determines (which determination
     shall be binding and conclusive on the Company) that by reason of
     circumstances affecting the interbank LIBOR market adequate and reasonable
     means do not exist for ascertaining the applicable LIBOR Rate; or

          (b) Banks having aggregate Pro Rata Shares of 25% or more advise the
     Agent that the LIBOR Rate (Reserve Adjusted) as determined by the Agent
     will not adequately and fairly reflect the cost to such Banks of
     maintaining or funding LIBOR Loans for such Interest Period (taking into
     account any amount to which such Banks may be entitled

                                       33

<PAGE>

     under Section 8.1) or that the making or funding of LIBOR Loans has become
     impracticable as a result of an event occurring after the date of this
     Agreement which in the opinion of such Banks materially affects such Loans;

then the Agent shall promptly notify the other parties thereof and, so long as
such circumstances shall continue, (i) no Bank shall be under any obligation to
make or convert into LIBOR Loans and (ii) on the last day of the current
Interest Period for each LIBOR Loan, such Loan shall, unless then repaid in
full, automatically convert to a Base Rate Loan.

     8.3 Changes in Law Rendering LIBOR Loans Unlawful. If any change in, or the
adoption of any new, law or regulation, or any change in the interpretation of
any applicable law or regulation by any governmental or other regulatory body
charged with the administration thereof, should make it (or in the good faith
judgment of any Bank cause a substantial question as to whether it is) unlawful
for any Bank to make, maintain or fund LIBOR Loans, then such Bank shall
promptly notify each of the other parties hereto and, so long as such
circumstances shall continue, (a) such Bank shall have no obligation to make or
convert into LIBOR Loans (but shall make Base Rate Loans concurrently with the
making of or conversion into LIBOR Loans by the Banks which are not so affected,
in each case in an amount equal to the amount of LIBOR Loans which would be made
or converted into by such Bank at such time in the absence of such
circumstances) and (b) on the last day of the current Interest Period for each
LIBOR Loan of such Bank (or, in any event, on such earlier date as may be
required by the relevant law, regulation or interpretation), such LIBOR Loan
shall, unless then repaid in full, automatically convert to a Base Rate Loan.
Each Base Rate Loan made by a Bank which, but for the circumstances described in
the foregoing sentence, would be a LIBOR Loan (an "Affected Loan") shall remain
outstanding for the same period as the Group of LIBOR Loans of which such
Affected Loan would be a part absent such circumstances.

     8.4 Funding Losses. The Company hereby agrees that upon demand by any Bank
(which demand shall be accompanied by a statement setting forth the basis for
the amount being claimed, a copy of which shall be furnished to the Agent), the
Company will indemnify such Bank against any net loss or expense which such Bank
may sustain or incur (including any net loss or expense incurred by reason of
the liquidation or reemployment of deposits or other funds acquired by such Bank
to fund or maintain any LIBOR Loan), as reasonably determined by such Bank, as a
result of (a) any payment, prepayment or conversion of any LIBOR Loan of such
Bank on a date other than the last day of an Interest Period for such Loan
(including any conversion pursuant to Section 8.3 or payment or prepayment
resulting from acceleration following the occurrence of an Event of Default) or
(b) any failure of the Company to borrow, convert or continue any Loan on a date
specified therefor in a notice of borrowing, conversion or continuation pursuant
to this Agreement. For this purpose, all notices to the Agent pursuant to this
Agreement shall be deemed to be irrevocable. Without limiting the foregoing, the
Company shall pay to the Banks a "yield maintenance fee" in an amount computed
as follows: The current rate for United States Treasury securities (bills on a
discounted basis shall be converted to a bond equivalent) with a maturity date
closest to the term chosen pursuant to the LIBOR Rate Election as to which the
prepayment is made, shall be subtracted from the LIBOR Rate (Reserve Adjusted)
in effect at the time or prepayment. If the result is zero or a negative number,
there shall be no yield maintenance fee. If this result is a positive number,
then the resulting

                                       34

<PAGE>

percentage shall be multiplied by an amount of the principal balance being
prepaid. The resulting amount shall be divided by 360 and multiplied by the
number of days remaining in the term chosen pursuant to the LIBOR Rate Election
as to which the prepayment is made. Said amount shall be reduced to present
value calculated by using the above referenced United States Treasury securities
rate and the number of days remaining in the term chosen pursuant to the LIBOR
Rate Election as to which prepayment is made. The resulting amount shall be the
yield maintenance fee due to such Bank upon the prepayment of a LIBOR Loan. Each
reference in this paragraph to "LIBOR Rate Election" shall mean the election by
the Company of the LIBOR Rate.

     8.5 Right of Banks to Fund through Other Offices. Each Bank may, if it so
elects, fulfill its commitment as to any LIBOR Loan by causing a foreign branch
or Affiliate of such Bank to make such Loan; provided that in such event for the
purposes of this Agreement such Loan shall be deemed to have been made by such
Bank and the obligation of the Company to repay such Loan shall nevertheless be
to such Bank and shall be deemed held by it, to the extent of such Loan, for the
account of such branch or Affiliate.

     8.6 Discretion of Banks as to Manner of Funding. Notwithstanding any
provision of this Agreement to the contrary, each Bank shall be entitled to fund
and maintain its funding of all or any part of its Loans in any manner it sees
fit, it being understood, however, that for the purposes of this Agreement all
determinations hereunder shall be made as if such Bank had actually funded and
maintained each LIBOR Loan during each Interest Period for such Loan through the
purchase of deposits having a maturity corresponding to such Interest Period and
bearing an interest rate equal to the LIBOR Rate for such Interest Period.

     8.7 Mitigation of Circumstances; Replacement of Banks.

          (a) Each Bank shall promptly notify the Company and the Agent of any
     event of which it has knowledge which will result in, and will use
     reasonable commercial efforts available to it (and not, in such Bank's sole
     judgment, otherwise disadvantageous to such Bank) to mitigate or avoid, (i)
     any obligation by the Company to pay any amount pursuant to Section 7.6 or
     8.1 or (ii) the occurrence of any circumstances described in Section 8.2 or
     8.3 (and, if any Bank has given notice of any such event described in
     clause (i) or (ii) above and thereafter such event ceases to exist, such
     Bank shall promptly so notify the Company and the Agent). Without limiting
     the foregoing, each Bank will designate a different funding office if such
     designation will avoid (or reduce the cost to the Company of) any event
     described in clause (i) or (ii) of the preceding sentence and such
     designation will not, in such Bank's sole judgment, be otherwise
     disadvantageous to such Bank.

          (b) If the Company becomes obligated to pay additional amounts to any
     Bank pursuant to Section 7.6 or 8.1, or any Bank gives notice of the
     occurrence of any circumstances described in Section 8.2 or 8.3, the
     Company may designate another bank which is acceptable to the Agent and the
     Issuing Bank in their reasonable discretion (such other bank being called a
     "Replacement Bank") to purchase the Loans of such Bank and such Bank's
     rights hereunder, without recourse to or warranty by, or expense to, such

                                       35

<PAGE>

     Bank, for a purchase price equal to the outstanding principal amount of the
     Loans payable to such Bank plus any accrued but unpaid interest on such
     Loans and all accrued but unpaid fees owed to such Bank and any other
     amounts payable to such Bank under this Agreement, and to assume all the
     obligations of such Bank hereunder, and, upon such purchase and assumption
     (pursuant to an Assignment Agreement), such Bank shall no longer be a party
     hereto or have any rights hereunder (other than rights with respect to
     indemnities and similar rights applicable to such Bank prior to the date of
     such purchase and assumption) and shall be relieved from all obligations to
     the Company hereunder, and the Replacement Bank shall succeed to the rights
     and obligations of such Bank hereunder.

     8.8 Conclusiveness of Statements; Survival of Provisions. Determinations
and statements of any Bank pursuant to Section 8.1, 8.2, 8.3 or 8.4 shall be
conclusive absent demonstrable error. Banks may use reasonable averaging and
attribution methods in determining compensation under Sections 8.1 and 8.4, and
the provisions of such Sections shall survive repayment of the Loans,
cancellation of the Notes, expiration or termination of the Letters of Credit
and termination of this Agreement.

                                    SECTION 9
                                   WARRANTIES

     To induce the Agent and the Banks to enter into this Agreement and to
induce the Banks to make Loans and issue and participate in Letters of Credit
hereunder, the Company warrants to the Agent and the Banks that:

     9.1 Organization. The Company is a corporation validly existing and in good
standing under the laws of the State of Massachusetts; each Subsidiary is
validly existing and in good standing under the laws of the jurisdiction of its
organization; and each of the Company and each Subsidiary is duly qualified to
do business in each jurisdiction where, because of the nature of its activities
or properties, such qualification is required, except for such jurisdictions
where the failure to so qualify would not have a Material Adverse Effect. The
Company's name as it appears in this Agreement is its exact name as it appears
on the Company's organizational documents as amended.

     9.2 Authorization; No Conflict. Each of the Company and each other Loan
Party is duly authorized to execute and deliver each Loan Document to which it
is a party, the Company is duly authorized to borrow monies hereunder and each
of the Company and each other Loan Party is duly authorized to perform its
obligations under each Loan Document to which it is a party. The execution,
delivery and performance by the Company of this Agreement and by each of the
Company and each other Loan Party of each Loan Document to which it is a party,
and the borrowings by the Company hereunder, do not and will not (a) require any
consent or approval of any governmental agency or authority (other than any
consent or approval which has been obtained and is in full force and effect),
(b) conflict with (i) any provision of law, (ii) the charter, by-laws or other
organizational documents of the Company or any other Loan Party or (iii) any
agreement, indenture, instrument or other document, or any judgment, order or
decree, which is binding upon the Company or any other Loan Party or any of
their respective properties or

                                       36

<PAGE>

(c) require, or result in, the creation or imposition of any Lien on any asset
of the Company, any Subsidiary or any other Loan Party (other than Liens in
favor of the Agent created pursuant to the Collateral Documents).

     9.3 Validity and Binding Nature. Each of this Agreement and each other Loan
Document to which the Company or any other Loan Party is a party is the legal,
valid and binding obligation of such Person, enforceable against such Person in
accordance with its terms, subject to bankruptcy, insolvency and similar laws
affecting the enforceability of creditors' rights generally and to general
principles of equity.

     9.4 Financial Condition. The audited consolidated financial statements of
the Company and its Subsidiaries as at December 31, 2006, copies of which have
been delivered to each Bank, were prepared in accordance with GAAP and present
fairly the consolidated financial condition of the Company and its Subsidiaries
as at such date and the results of their operations for the period then ended.

     9.5 No Material Adverse Change. Since December 31, 2006, there has been no
material adverse change in the financial condition, operations, assets,
business, properties or prospects of the Company and its Subsidiaries taken as a
whole.

     9.6 Litigation and Contingent Liabilities. No litigation (including
derivative actions), arbitration proceeding or governmental investigation or
proceeding is pending or, to the Company's knowledge, threatened against the
Company or any Subsidiary which could reasonably be expected to have a Material
Adverse Effect, except as set forth in Schedule 9.6. Other than any liability
incident to such litigation or proceedings, neither the Company nor any
Subsidiary has any material contingent liabilities not listed on Schedule 9.6 or
permitted by Section 10.7.

     9.7 Ownership of Properties; Liens. Each of the Company and each Subsidiary
owns good and, in the case of real property, marketable title to all of its
properties and assets, real and personal, tangible and intangible, of any nature
whatsoever (including patents, trademarks, trade names, service marks and
copyrights), free and clear of all Liens, charges and claims (including
infringement claims with respect to patents, trademarks, service marks,
copyrights and the like) except as permitted by Section 10.8.

     9.8 Subsidiaries. As of the Closing Date, the Company has no Subsidiaries
other than those listed on Schedule 9.8.

     9.9 Pension Plans.

          (a) During the twelve-consecutive-month period prior to the date of
     the execution and delivery of this Agreement or the making of any Loan or
     the issuance of any Letter of Credit, (i) no steps have been taken to
     terminate any Pension Plan and (ii) no contribution failure has occurred
     with respect to any Pension Plan sufficient to give rise to a Lien under
     Section 302(f) of ERISA. No condition exists or event or transaction has
     occurred with respect to any Pension Plan which could reasonably be

                                       37

<PAGE>

     expected to result in the incurrence by the Company of any material
     liability, fine or penalty other than the obligation to make contributions
     to its Pension Plan in the ordinary course of business.

          (b) All contributions (if any) have been made to any Multiemployer
     Pension Plan that are required to be made by the Company or any other
     member of the Controlled Group under the terms of the plan or of any
     collective bargaining agreement or by applicable law; neither the Company
     nor any member of the Controlled Group has withdrawn or partially withdrawn
     from any Multiemployer Pension Plan, incurred any withdrawal liability with
     respect to any such plan which has not been satisfied or received notice of
     any claim or demand for withdrawal liability or partial withdrawal
     liability from any such plan, and no condition has occurred which, if
     continued, could reasonably be expected to result in a withdrawal or
     partial withdrawal from any such plan; and neither the Company nor any
     member of the Controlled Group has received any notice that any
     Multiemployer Pension Plan is in reorganization, that increased
     contributions may be required to avoid a reduction in plan benefits or the
     imposition of any excise tax, that any such plan is or has been funded at a
     rate less than that required under Section 412 of the Code, that any such
     plan is or may be terminated, or that any such plan is or may become
     insolvent.

     9.10 Investment Company Act. As of the date hereof, neither the Company nor
any Subsidiary is an "investment company" within the meaning of the Investment
Company Act of 1940.

     9.11 [Intentionally Omitted.]

     9.12 Regulation U. The Company is not engaged principally, or as one of its
important activities, in the business of extending credit for the purpose of
purchasing or carrying Margin Stock.

     9.13 Taxes. Each of the Company and each Subsidiary has filed all material
tax returns and reports required by law to have been filed by it and has paid
all taxes and governmental charges thereby shown to be owing, except any such
taxes or charges which are being diligently contested in good faith by
appropriate proceedings and for which adequate reserves in accordance with GAAP
shall have been set aside on its books.

     9.14 Solvency, etc. On the Closing Date, and immediately prior to and after
giving effect to the issuance of each Letter of Credit and each borrowing
hereunder and the use of the proceeds thereof, (a) each of the Company's and
each other Loan Party's assets will exceed its liabilities and (b) each of the
Company and each other Loan Party will be solvent, will be able to pay its debts
as they mature, will own property with fair saleable value greater than the
amount required to pay its debts and will have capital sufficient to carry on
its business as then constituted.

     9.15 Environmental Matters.

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<PAGE>

          (a) No Violations. Except as set forth on Schedule 9.15, neither the
     Company nor any Subsidiary, nor any operator of the Company's or any
     Subsidiary's existing properties, is in violation, or alleged violation, of
     any judgment, decree, order, law, permit, license, rule or regulation
     pertaining to environmental matters, including those arising under the
     Resource Conservation and Recovery Act ("RCRA"), the Comprehensive
     Environmental Response, Compensation and Liability Act of 1980 ("CERCLA"),
     the Superfund Amendments and Reauthorization Act of 1986 or any other
     Environmental Law which (i) in any single case, requires expenditures in
     any three-year period of $100,000 or more by the Company and its
     Subsidiaries in penalties and/or for investigative, removal or remedial
     actions or (ii) individually or in the aggregate otherwise could reasonably
     be expected to have a Material Adverse Effect.

          (b) Notices. Except as set forth on Schedule 9.15 and for matters
     arising after the Closing Date, in each case none of which could singly or
     in the aggregate be expected to have a Material Adverse Effect, neither the
     Company nor any Subsidiary has received notice from any third party,
     including any Federal, state or local governmental authority: (a) that any
     one of them has been identified by the U.S. Environmental Protection Agency
     as a potentially responsible party under CERCLA with respect to a site
     listed on the National Priorities List, 40 C.F.R. Part 300 Appendix B; (b)
     that any hazardous waste, as defined by 42 U.S.C. Section 6903(5), any
     hazardous substance as defined by 42 U.S.C. Section 960I(14), any pollutant
     or contaminant as defined by 42 U.S.C. Section 9601(33) or any toxic
     substance, oil or hazardous material or other chemical or substance
     regulated by any Environmental Law (all of the foregoing, "Hazardous
     Substances") which any one of them has generated, transported or disposed
     of has been found at any site at which a Federal, state or local agency or
     other third party has conducted a remedial investigation, removal or other
     response action pursuant to any Environmental Law; (c) that the Company or
     any Subsidiary must conduct a remedial investigation, removal, response
     action or other activity pursuant to any Environmental Law; or (d) of any
     Environmental Claim.

          (c) Handling of Hazardous Substances. Except as set forth on Schedule
     9.15, (i) no portion of the real property or other assets of the Company or
     any Subsidiary has been used for the handling, processing, storage or
     disposal of Hazardous Substances except in accordance in all material
     respects with applicable Environmental Laws; and no underground tank or
     other underground storage receptacle for Hazardous Substances is located on
     such properties; (ii) in the course of any activities conducted by the
     Company, any Subsidiary or the operators of any real property of the
     Company or any Subsidiary, no Hazardous Substances have been generated or
     are being used on such properties except in accordance in all material
     respects with applicable Environmental Laws; (iii) there have been no
     Releases or threatened Releases of Hazardous Substances on, upon, into or
     from any real property or other assets of the Company or any Subsidiary,
     which Releases singly or in the aggregate could reasonably be expected to
     have a material adverse effect on the value of such real property or
     assets; (iv) there have been no Releases on, upon, from or into any real
     property in the vicinity of the real property or other assets of the
     Company or any Subsidiary which, through soil or groundwater contamination,
     may have come to be located on, and which could reasonably be expected

                                       39

<PAGE>

     to have a Material Adverse Effect; and (v) any Hazardous Substances
     generated by the Company and its Subsidiaries have been transported offsite
     only by properly licensed carriers and delivered only to treatment or
     disposal facilities maintaining valid permits as required under applicable
     Environmental Laws, which, to the Company's knowledge, transporters and
     facilities have been and are operating in compliance in all material
     respects with such permits and applicable Environmental Laws.

     9.16 Real Property. Set forth on Schedule 9.16 is a complete and accurate
list, as of the Closing Date, of the address of all real property owned or
leased by the Company or any Subsidiary, together with, in the case of leased
property, the name and mailing address of the lessor of such property.

     9.17 Information. All information heretofore or contemporaneously herewith
furnished in writing by the Company or any other Loan Party to the Agent or any
Bank for purposes of or in connection with this Agreement and the transactions
contemplated hereby is, and all written information hereafter furnished by or on
behalf of the Company or any Subsidiary to the Agent or any Bank pursuant hereto
or in connection herewith will be, true and accurate in every material respect
on the date as of which such information is dated or certified, and none of such
information is or will be incomplete by omitting to state any material fact
necessary to make such information not misleading in light of the circumstances
under which made (it being recognized by the Agent and the Banks that any
projections and forecasts provided by the Company are based on good faith
estimates and assumptions believed by the Company to be reasonable as of the
date of the applicable projections or assumptions and that actual results during
the period or periods covered by any such projections and forecasts may differ
from projected or forecasted results).

     9.18 Intellectual Property. The Company and each Subsidiary owns and
possesses or has a license or other right to use all patents, patent rights,
trademarks, trademark rights, trade names, trade name rights, service marks,
service mark rights and copyrights as are necessary for the conduct of the
business of the Company and its Subsidiaries, without, to the best of their
knowledge, any infringement upon rights of others which could reasonably be
expected to have a Material Adverse Effect.

     9.19 Labor Matters. Except as set forth on Schedule 9.19, neither the
Company nor any Subsidiary is subject to any labor or collective bargaining
agreement. Except as set forth on Schedule 9.19, there are no existing or, to
the Company's knowledge, threatened strikes, lockouts or other labor disputes
involving the Company or any Subsidiary that singly or in the aggregate could
reasonably be expected to have a Material Adverse Effect. Hours worked by and
payment made to employees of the Company and its Subsidiaries are not in
violation in any material respect of the Fair Labor Standards Act or any other
applicable law, rule or regulation dealing with such matters.

     9.20 No Default. No Event of Default or Unmatured Event of Default exists
or would result from the incurring by the Company of any Debt hereunder or under
any other Loan Document.

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<PAGE>

     9.21. OFAC. Neither the Company nor any Subsidiary (i) is a Person whose
property or interests in property are blocked or subject to blocking pursuant to
Section 1 of Executive Order 13224 of September 23, 2001 Blocking Property and
Prohibiting Transactions With Persons Who Commit, Threaten to Commit, or Support
Terrorism (66 Fed. Reg. 49079 (2001)), (ii) is engaged in any dealings or
transactions prohibited by Section 2 of such executive order, or is otherwise
associated with any Person in any manner violative of Section 2, or (iii) is a
person on the list of Specially Designated Nationals and Blocked Persons or
subject to the limitations or prohibitions under any other Office of Foreign
Assets Control ("OFAC") regulation or executive order.

     9.22. PATRIOT Act. The Company and each Subsidiary is in compliance with
the (a) the Trading with the Enemy Act, as amended, and each of the foreign
assets control regulations of the United States Treasury Department (31 CFR,
Subtitle B, Chapter V, as amended) and any other enabling legislation or
executive order relating thereto, and (b) the Uniting And Strengthening America
By Providing Appropriate Tools Required To Intercept And Obstruct Terrorism Act,
Title III of Pub. L. 107-56, signed into law October 26, 2001 (the "USA PATRIOT
Act"). No part of the proceeds of the Loans will be used, directly or
indirectly, for any payments to any governmental official or employee, political
party, official of a political party, candidate for political office, or anyone
else acting in an official capacity, in order to obtain, retain or direct
business or obtain any improper advantage, in violation of the United States
Foreign Corrupt Practices Act of 1977, as amended. The Company (on behalf of
itself and for each Subsidiary) hereby acknowledges receipt of notification
that, pursuant to the requirements of the USA PATRIOT Act, the Banks are
required to obtain, verify and record information that identifies the Loan
Parties, which information includes the name and address of the Company and its
Subsidiaries and other information that will allow the Banks to identify the
such parties in accordance with the USA PATRIOT Act.

                                   SECTION 10
                                    COVENANTS

     Until the expiration or termination of the Commitments and thereafter until
all obligations of the Company hereunder and under the other Loan Documents are
paid in full and all Letters of Credit have been terminated, the Company agrees
that, unless at any time the Required Banks shall otherwise expressly consent in
writing, it will:

     10.1 Reports, Certificates and Other Information. Furnish to the Agent and
each Bank:

     10.1.1 Annual Report. Promptly when available and in any event within 120
days after the close of each Fiscal Year: (a) a copy of the annual audit report
of the Company and its Subsidiaries for such Fiscal Year, including therein
consolidated balance sheets and statements of earnings and cash flows of the
Company and its Subsidiaries as at the end of such Fiscal Year, certified
without qualification by Ernst & Young LLP or other independent auditors of
recognized standing selected by the Company and reasonably acceptable to the
Required Banks, together with, if requested by Agent, a written statement from
such accountants to the effect that in making the examination necessary for the
signing of such annual audit report by such accountants, nothing came to their
attention that caused them to believe that the Company was

                                       41

<PAGE>

not in compliance with any provision of Section 10.6 of this Agreement insofar
as such provision relates to accounting matters or, if something has come to
their attention that caused them to believe that the Company was not in
compliance with any such provision, describing such non-compliance in reasonable
detail.

     10.1.2 Interim Reports. Promptly when available and in any event within 30
days after the end of each month (45 days in the case of the last month of each
Fiscal Quarter), a consolidated balance sheet of the Company and its
Subsidiaries as of the end of such month, together with consolidated statements
of earnings and cash flows for such month and for the period beginning with the
first day of such Fiscal Year and ending on the last day of such month, together
with a comparison with the corresponding period of the previous Fiscal Year and
a comparison with the budget for such period of the current Fiscal Year,
certified by the Chief Financial Officer or the Corporate Controller of the
Company.

     10.1.3 Compliance Certificates. Contemporaneously with the furnishing of a
copy of each annual audit report pursuant to Section 10.1.1 and each set of
monthly statements pursuant to Section 10.1.2 for the last month of each Fiscal
Quarter, a duly completed compliance certificate in the form of Exhibit C with
appropriate insertions, dated the date of such annual report or such quarterly
statements and signed by the Chief Financial Officer or the Corporate Controller
of the Company, containing (i) a computation of each of the financial ratios and
restrictions set forth in Section 10.6 and to the effect that such officer has
not become aware of any Event of Default or Unmatured Event of Default that has
occurred and is continuing or, if there is any such event, describing it and the
steps, if any, being taken to cure it and (ii) a written statement of the
Company's management setting forth a discussion of the Company's financial
condition, changes in financial condition and results of operations.

     10.1.4 Reports to the SEC and to Shareholders. Promptly upon the filing or
sending thereof, copies of, or electric links to, all regular, periodic or
special reports of the Company or any Subsidiary filed with the SEC; copies of
all registration statements of the Company or any Subsidiary filed with the SEC
(other than on Form S-8); and copies of all proxy statements or other
communications made to security holders generally.

     10.1.5 Notice of Default, Litigation and ERISA Matters. Promptly upon
becoming aware of any of the following, written notice describing the same and
the steps being taken by the Company or the Subsidiary affected thereby with
respect thereto:

          (a) the occurrence of an Event of Default or an Unmatured Event of
     Default;

          (b) any litigation, arbitration or governmental investigation or
     proceeding not previously disclosed by the Company to the Banks which has
     been instituted or, to the knowledge of the Company, is threatened in
     writing against the Company or any Subsidiary or to which any of the
     properties of any thereof is subject which could reasonably be expected to
     have a Material Adverse Effect;

          (c) the institution of any steps by any member of the Controlled Group
     or any other Person to terminate any Pension Plan, or the failure of any
     member of the

                                       42

<PAGE>

     Controlled Group to make a required contribution to any Pension Plan (if
     such failure is sufficient to give rise to a Lien under Section 302(f) of
     ERISA) or to any Multiemployer Pension Plan, or the taking of any action
     with respect to a Pension Plan which could result in the requirement that
     the Company furnish a bond or other security to the PBGC or such Pension
     Plan, or the occurrence of any event with respect to any Pension Plan or
     Multiemployer Pension Plan which could result in the incurrence by any
     member of the Controlled Group of any material liability, fine or penalty
     (including any claim or demand for withdrawal liability or partial
     withdrawal from any Multiemployer Pension Plan), or any material increase
     in the contingent liability of the Company with respect to any
     post-retirement welfare plan benefit, or any notice that any Multiemployer
     Pension Plan is in reorganization, that increased contributions may be
     required to avoid a reduction in plan benefits or the imposition of an
     excise tax, that any such plan is or has been funded at a rate less than
     that required under Section 412 of the Code, that any such plan is or may
     be terminated, or that any such plan is or may become insolvent;

          (d) any cancellation or material change in any insurance maintained by
     the Company or any Subsidiary; or

          (e) any other event (including (i) any violation of any Environmental
     Law or the assertion of any Environmental Claim or (ii) the enactment or
     effectiveness of any law, rule or regulation) which could reasonably be
     expected to have a Material Adverse Effect.

     10.1.6 Borrowing Base Certificates. Within 30 days of the end of each
month, a Borrowing Base Certificate dated as of the end of such month and
executed by the Chief Financial Officer, the Corporate Controller or the
Corporate Secretary of the Company on behalf of the Company (provided that (i)
the Company may deliver a Borrowing Base Certificate more frequently if it
chooses and (ii) at any time the Excess Availability under the Revolving Loans
is less than Three Million Dollars ($3,000,000) or at any time an Event of
Default exists, the Agent or the Required Banks may require the Company to
deliver Borrowing Base Certificates more frequently).

     10.1.7 Management Reports. Promptly upon the request of the Agent or any
Bank, copies of all detailed financial and management reports submitted to the
Company by independent auditors in connection with each annual or interim audit
made by such auditors of the books of the Company.

     10.1.8 Projections. As soon as practicable after approval thereof by the
Board of Directors of the Company, and in any event during the 30 day period
prior to the commencement of each Fiscal Year, financial projections for the
Company and its Subsidiaries for such Fiscal Year (including an operating budget
and a cash flow budget) prepared in a manner consistent with the projections
delivered by the Company to the Banks prior to the Closing Date or otherwise in
a manner reasonably satisfactory to the Agent, accompanied by a certificate of
the Chief Financial Officer or the Corporate Controller of the Company on behalf
of the Company to the effect that (i) such projections were prepared by the
Company in good faith, (ii) the Company has a reasonable basis for the
assumptions contained in such projections and (iii) such

                                       43

<PAGE>

projections have been prepared in accordance with such assumptions.

     10.1.9 Subordinated Debt Notices. Promptly from time to time, copies of any
notices (including notices of default or acceleration) received from any holder
or trustee of, under or with respect to any Subordinated Debt.

     10.1.10 Other Information. Promptly from time to time, such other
information concerning the Company and its Subsidiaries as any Bank or the Agent
may reasonably request.

     10.2 Books, Records and Inspections. Keep, and cause each Subsidiary to
keep, its books and records in accordance with sound business practices
sufficient to allow the preparation of financial statements in accordance with
GAAP; permit, and cause each Subsidiary to permit, any Bank or the Agent or any
representative thereof to inspect the properties and operations of the Company
or such Subsidiary; and permit, and cause each Subsidiary to permit, at any
reasonable time and with reasonable prior notice (or at any time without notice
if an Event of Default exists), any Bank or the Agent or any representative
thereof to visit any or all of its offices, to discuss its financial matters
with its officers and its independent auditors (and the Company hereby
authorizes such independent auditors to discuss such financial matters with any
Bank or the Agent or any representative thereof), and to examine (and, at the
expense of the Company or the applicable Subsidiary, photocopy extracts from)
any of its books or other records; and permit, and cause each Subsidiary to
permit, the Agent and its representatives to inspect the Inventory and other
tangible assets of the Company or such Subsidiary, to perform appraisals of the
equipment and other fixed assets of the Company or such Subsidiary, and to
inspect, audit, check and make copies of and extracts from the books, records,
computer data, computer programs, journals, orders, receipts, correspondence and
other data relating to Inventory, Accounts Receivable and any other collateral.
All such inspections or audits by the Agent shall be at the Company's expense,
provided that so long as no Event of Default or Unmatured Event of Default
exists, the Company shall not be required to reimburse the Agent for
inspections, visits and appraisals or audits more frequently than once each
Fiscal Year.

     10.3 Maintenance of Property; Insurance.

          (a) Keep, and cause each Subsidiary to keep, all property useful and
     necessary in the business of the Company or such Subsidiary in good working
     order and condition, ordinary wear and tear excepted.

          (b) Maintain, and cause each Subsidiary to maintain, with responsible
     insurance companies, such insurance as may be required by any law or
     governmental regulation or court decree or order applicable to it and such
     other insurance, to such extent and against such hazards and liabilities,
     as is customarily maintained by companies similarly situated; and, upon
     request of the Agent or any Bank, furnish to the Agent or such Bank a
     certificate setting forth in reasonable detail the nature and extent of all
     insurance maintained by the Company and its Subsidiaries. The Company shall
     cause each issuer of an insurance policy to provide the Agent with an
     endorsement (i) showing loss payable to the Agent with respect to each
     policy of property or casualty insurance and naming the Agent and each Bank
     as an additional insured with respect to each policy

                                       44

<PAGE>

     of insurance for liability for personal injury or property damage, (ii)
     providing that 30 days' notice will be given to the Agent prior to any
     cancellation of such policy and (iii) reasonably acceptable in all other
     respects to the Agent.

          (c) UNLESS THE COMPANY PROVIDES THE AGENT WITH EVIDENCE OF THE
     INSURANCE COVERAGE REQUIRED BY THIS AGREEMENT, THE AGENT MAY PURCHASE
     INSURANCE AT THE COMPANY'S EXPENSE TO PROTECT THE AGENT'S AND THE BANKS'
     INTERESTS IN THE COLLATERAL. THIS INSURANCE MAY, BUT NEED NOT, PROTECT THE
     COMPANY'S INTERESTS. THE COVERAGE THAT THE AGENT PURCHASES MAY NOT PAY ANY
     CLAIM THAT IS MADE AGAINST THE COMPANY IN CONNECTION WITH THE COLLATERAL.
     THE COMPANY MAY LATER CANCEL ANY INSURANCE PURCHASED BY THE AGENT, BUT ONLY
     AFTER PROVIDING THE AGENT WITH EVIDENCE THAT THE COMPANY HAS OBTAINED
     INSURANCE AS REQUIRED BY THIS AGREEMENT. IF THE AGENT PURCHASES INSURANCE
     FOR THE COLLATERAL, THE COMPANY WILL BE RESPONSIBLE FOR THE COSTS OF THAT
     INSURANCE, INCLUDING INTEREST AND ANY OTHER CHARGES THAT MAY BE IMPOSED
     WITH THE PLACEMENT OF THE INSURANCE, UNTIL THE EFFECTIVE DATE OF THE
     CANCELLATION OR EXPIRATION OF THE INSURANCE. THE COSTS OF THE INSURANCE MAY
     BE ADDED TO THE PRINCIPAL AMOUNT OF THE LOANS OWING HEREUNDER. THE COSTS OF
     THE INSURANCE MAY BE MORE THAN THE COST OF THE INSURANCE THE COMPANY MAY BE
     ABLE TO OBTAIN ON ITS OWN.

          (d) The Agent agrees to notify the Company promptly after purchasing
     any insurance pursuant to Section 10.3(c) hereof.

     10.4 Compliance with Laws; Payment of Taxes and Liabilities. (a) Comply,
and cause each Subsidiary to comply, in all material respects with all
applicable laws, rules, regulations, decrees, orders, judgments, licenses and
permits, except where failure to comply could not reasonably be expected to have
a Material Adverse Effect; and (b) pay, and cause each Subsidiary to pay, prior
to delinquency, all taxes and other governmental charges against it or any of
its property, as well as claims of any kind which, if unpaid, could become a
Lien on any of its property; provided that the foregoing shall not require the
Company or any Subsidiary to pay any such tax or charge so long as it shall
contest the validity thereof in good faith by appropriate proceedings and shall
set aside on its books adequate reserves with respect thereto in accordance with
GAAP.

     10.5 Maintenance of Existence, etc. Except as provided herein, including,
without limitation under Section 10.10 hereof, (a) maintain and preserve, and
(subject to Section 10.11) cause each Subsidiary to maintain and preserve, (i)
its existence and good standing in the jurisdiction of its organization and (ii)
its qualification to do business and good standing in each jurisdiction where
the nature of its business makes such qualification necessary (except in those
instances in which the failure to be qualified or in good standing does not have
a Material

                                       45
<PAGE>

Adverse Effect); provided, however, that the dissolution of any Subsidiary that
is not a Restricted Subsidiary shall be permitted hereunder notwithstanding
anything to the contrary contained in this Agreement and (b) not change its
business organization or the jurisdiction under which it is organized without
having given the Agent thirty (30) days' prior written notice of its intent to
do so.

     10.6 Financial Covenants.

     10.6.1 Fixed Charge Coverage Ratio. Not permit the Fixed Charge Coverage
Ratio for any Computation Period on the last day of each Fiscal Quarter to be
less than 1.50 to 1.00.

     10.6.2 Funded Debt to Adjusted EBITDA Ratio. Not permit the Funded Debt to
Adjusted EBITDA Ratio of any Computation Period, as measured on the last day of
each Fiscal Quarter, to exceed (i) 2.75 to 1.00 for such Computation Period on
June 30, 2007, September 30, 2007 and December 31, 2007, (ii) 2.50 to 1.00 for
such Computation Period on March 31, 2008, June 30, 2008, September 30, 2008 and
December 31, 2008 and (iii) 2.25 to 1.00 for such Computation Period on March
31, 2009 and on the last day of each Fiscal Quarter thereafter.

     10.6.3 Capital Expenditures. Not permit the aggregate amount of all Capital
Expenditures made by the Company and its Subsidiaries in any Fiscal Year to
exceed $8,000,000.

     10.7 Limitations on Debt. Not, and not permit any Subsidiary to, create,
incur, assume or suffer to exist any Debt, except:

          (a) obligations under the Existing Credit Agreement (which shall be
     and remain outstanding and payable as an obligation under this Agreement),
     this Agreement and the other Loan Documents;

          (b) Debt secured by Liens permitted by Section 10.8(d), and
     extensions, renewals and refinancings thereof; provided that the aggregate
     amount of all such Debt at any time outstanding shall not exceed
     $4,000,000;

          (c) Debt of Subsidiaries to the Company and Debt of the Company to
     Guarantors;

          (d) Subordinated Debt;

          (e) Hedging Obligations incurred for bona fide hedging purposes;

          (f) Debt described on Schedule 10.7 and any extension, renewal or
     refinancing thereof so long as the principal amount thereof is not
     increased;

          (g) [intentionally omitted];

          (h) other Debt, in addition to the Debt listed above, in an aggregate
     amount

                                       46

<PAGE>

          not at any time exceeding $1,000,000;

          (i) Debt to The Industrial Development Board of the City of Jefferson
     City, Tennessee in connection with the industrial development revenue bonds
     issued thereby secured by a Loan Agreement dated as of December 1, 2004
     between the Company and The Industrial Development Board of the City of
     Jefferson City, Tennessee.

     10.8 Liens. Not, and not permit any Subsidiary to, enter into any agreement
with any third party not to incur or permit any lien, pledge or security
interest in any of its assets such as a negative pledge agreement with a third
party; nor shall the Company or any Subsidiary create or permit to exist any
Lien on any of its real or personal properties, assets or rights of whatsoever
nature (whether now owned or hereafter acquired), except:

          (a) Liens for taxes or other governmental charges not at the time
     delinquent or thereafter payable without penalty or being contested in good
     faith by appropriate proceedings and, in each case, for which it maintains
     adequate reserves;

          (b) Liens arising in the ordinary course of business (such as (i)
     Liens of carriers, warehousemen, mechanics and materialmen and other
     similar Liens imposed by law and (ii) Liens incurred in connection with
     worker's compensation, unemployment compensation and other types of social
     security (excluding Liens arising under ERISA) or in connection with surety
     bonds, bids, performance bonds and similar obligations) for sums not
     overdue or being contested in good faith by appropriate proceedings and not
     involving any deposits or advances or borrowed money or the deferred
     purchase price of property or services and, in each case, for which it
     maintains adequate reserves;

          (c) Liens described on Schedule 10.8;

          (d) subject to the limitation set forth in Section 10.7(b), (i) Liens
     arising in connection with Capital Leases (and attaching only to the
     property being leased), (ii) Liens existing on property at the time of the
     acquisition thereof by the Company or any Subsidiary (and not created in
     contemplation of such acquisition) and (iii) Liens that constitute purchase
     money security interests on any property securing debt incurred for the
     purpose of financing all or any part of the cost of acquiring such
     property, provided that any such Lien attaches to such property within 60
     days of the acquisition thereof and attaches solely to the property so
     acquired;

          (e) attachments, appeal bonds, judgments and other similar Liens, for
     sums not exceeding $250,000 arising in connection with court proceedings,
     provided the execution or other enforcement of such Liens is effectively
     stayed and the claims secured thereby are being actively contested in good
     faith and by appropriate proceedings;

          (f) easements, rights of way, restrictions, minor defects or
     irregularities in title and other similar Liens not interfering in any
     material respect with the ordinary conduct of the business of the Company
     or any Subsidiary;

                                       47

<PAGE>

          (g) Liens arising under the Loan Documents;

          (h) the replacement, extension or renewal of any Lien permitted by
     clause (c) above upon or in the same property theretofore subject thereto
     arising out of the extension, renewal or replacement of the Debt secured
     thereby (without increase in the amount thereof);

          (i) Liens in addition to those otherwise permitted hereunder securing
     Debt not exceeding $250,000 at any one time outstanding; and

          (j) liens securing Debt permitted under Section 10.7(i).

     10.9 Restricted Payments. Not, and not permit any Subsidiary to, (a) make
any distribution to any of its shareholders, (b) purchase or redeem any of its
Capital Securities (other than in connection with the Redemption), (c) pay any
management fees or similar fees to any of its shareholders or any Affiliate
thereof, (d) make any redemption, prepayment, defeasance or repurchase of any
Subordinated Debt, or (e) set aside funds for any of the foregoing (other than
in connection with the Redemption). Notwithstanding the foregoing, (i) any
Subsidiary may pay dividends or make other distributions to the Company or to a
Wholly-Owned Subsidiary; and (ii) the Company may pay dividends, make
distributions or purchase or redeem Capital Securities so long as (y) no Event
of Default or Unmatured Event of Default exists immediately prior to such
payment of dividends or would result after giving pro forma effect to such
payment of dividends and (z) after giving pro forma effect to any payment of
dividends, the Excess Availability would not be less than $3,000,000; for the
avoidance of doubt, the requirement set forth in this clause (ii)(z) shall not
apply to the Redemption.

     10.10 Mergers, Consolidations, Acquisitions and Sales. Not, and not permit
any Subsidiary to, be a party to any merger or consolidation, or purchase or
otherwise acquire all or substantially all of the assets or any stock of any
class of, or any partnership or joint venture interest in, any other Person, or,
except in the ordinary course of its business, sell, transfer, convey or lease
all or any substantial part of its assets, or sell or assign with or without
recourse any receivables, except for (a) any such merger, consolidation, sale,
transfer, conveyance, lease or assignment of or by any Wholly-Owned Subsidiary
into the Company or into, with or to any other Wholly-Owned Subsidiary; (b) any
such purchase or other acquisition by the Company or any Wholly-Owned Subsidiary
of the assets or stock of any Wholly-Owned Subsidiary; (c) any Acquisition by
the Company or any Wholly-Owned Subsidiary where (1) immediately before and
after giving effect to such Acquisition, no Event of Default or Unmatured Event
of Default shall exist; (2) the aggregate consideration to be paid by the
Company and its Subsidiaries (including any Debt assumed or issued in connection
therewith, the amount thereof to be calculated in accordance with GAAP) in
connection with such Acquisition (or any series of related Acquisitions) is less
than $5,000,000; (3) immediately after giving effect to such Acquisition, the
Company is in pro forma compliance with all the financial ratios and
restrictions set forth in Section 10.6; and (4) in the case of the Acquisition
of any Person, the Board of Directors of such Person has approved such
Acquisition; (d) sales and dispositions of assets (including the Capital
Securities of Subsidiaries) for at least fair market value (as determined by the
Board of Directors of the Company) so long as the net book value of all assets
sold or

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<PAGE>

otherwise disposed of in any Fiscal Year does not exceed 15% of the net book
value of the consolidated assets of the Company and its Subsidiaries as of the
last day of the preceding Fiscal Year; (e) dissolutions of Subsidiaries which
are not Restricted Subsidiaries and (f) those dispositions listed on Schedule
10.10 hereto.

     10.11 Modification of Organizational Documents. Not permit the charter,
by-laws or other organizational documents of the Company or any Subsidiary to be
amended or modified in any way which could reasonably be expected to materially
adversely affect the interests of the Banks.

     10.12 Use of Proceeds. (i) Use the proceeds of the Loans, and the Letters
of Credit, solely for working capital, to make payments in connection with the
Redemption, for payments permitted under Section 10.9 of this Agreement, for
Acquisitions permitted by Section 10.10, for Capital Expenditures, for working
capital and liquidity of the Restricted Subsidiaries and for other general
corporate purposes; (ii) not, and not permit any other Loan Party to engage,
principally or as one of its activities, in the business of extending credit for
the purpose of "purchasing" or "carrying" any Margin Stock; and (iii) not, and
not permit any other Loan Party to (a) own any Margin Stock, (b) use the
proceeds from the Loans, directly or indirectly, to (y) purchase or carry any
Margin Stock or (z) for the purpose of reducing or retiring any indebtedness
which was originally incurred to purchase or carry any Margin Stock, if any of
such uses set forth in (a) or (b) above could reasonably be expected to cause
any of the Loans under this Agreement to be considered "purpose credit" as such
term is defined in Regulations T, U or X of the Board of Governors of the
Federal Reserve Board. In furtherance of and not in limitation of the foregoing,
the Company intends to use a portion of the proceeds of the Loans to pay the
purchase price for the Redemption and any stock so acquired by the Company
pursuant to the Redemption will automatically become authorized but unissued
pursuant to M.G.L. ch. 156D, Section 6.31(a). No Loan Party will take any action
that violates regulations T, U or X of the Federal Reserve Board.

     10.13 Further Assurances. Take, and cause each Restricted Subsidiary to
take, such actions as are necessary or as the Agent or the Required Banks may
reasonably request from time to time (including the execution and delivery of
guaranties, security agreements, pledge agreements, mortgages, deeds of trust,
financing statements and other documents, the filing or recording of any of the
foregoing, and the delivery of stock certificates and other collateral with
respect to which perfection is obtained by possession) to ensure that (a) the
obligations of the Company hereunder and under the other Loan Documents (i) are
secured at all times by certain assets of the Company and its Restricted
Subsidiaries pursuant to the Collateral Documents and (ii) guaranteed by all of
its Restricted Subsidiaries (including, promptly upon the acquisition or
creation thereof, any Restricted Subsidiary acquired or created after the date
hereof) by execution of a counterpart of the Guaranty, (b) the obligations of
each Restricted Subsidiary under the Guaranty are secured by certain assets of
such Restricted Subsidiary pursuant to the Collateral Documents, and (c) all
collections from Accounts Receivable are directed to a bank account maintained
with the Agent or Bank of America.

     10.14 Transactions with Affiliates. Not, and not permit any Subsidiary to,
enter into, or cause, suffer or permit to exist any transaction, arrangement or
contract with any of its other

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<PAGE>

Affiliates (other than the Company and its Subsidiaries) which is on terms which
are less favorable than are obtainable from any Person which is not one of its
Affiliates.

     10.15 Employee Benefit Plans. Maintain, and cause each Subsidiary to
maintain, each Pension Plan in substantial compliance with all applicable
requirements of law and regulations; provided, however, that the Company or any
Subsidiary may terminate a Pension Plan so long as it does not cause an Event of
Default under Section 12.1.6 of this Agreement.

     10.16 Environmental Matters.

          (a) If any Release or Disposal of Hazardous Substances shall occur or
     shall have occurred on any real property or any other assets of the Company
     or any Subsidiary, the Company shall, or shall cause the applicable
     Subsidiary to, cause the prompt containment and removal of such Hazardous
     Substances and the remediation of such real property or other assets as
     necessary to comply with all Environmental Laws and to preserve the value
     of such real property or other assets. Without limiting the generality of
     the foregoing, the Company shall, and shall cause each Subsidiary to,
     comply with any valid Federal or state judicial or administrative order
     requiring the performance at any real property of the Company or any
     Subsidiary of activities in response to the Release or threatened Release
     of a Hazardous Substance.

          (b) To the extent that the transportation of "hazardous waste" as
     defined by RCRA is permitted by this Agreement, the Company shall, and
     shall cause its Subsidiaries to, dispose of such hazardous waste only at
     licensed disposal facilities operating in compliance with Environmental
     Laws.

     10.17 Unconditional Purchase Obligations. Not, and not permit any
Subsidiary to, enter into or be a party to any contract for the purchase of
materials, supplies or other property or services if such contract requires that
payment be made by it regardless of whether delivery is ever made of such
materials, supplies or other property or services.

     10.18 Inconsistent Agreements. Not, and not permit any Subsidiary to, enter
into any agreement containing any provision which would (a) be violated or
breached by any borrowing by the Company hereunder or by the performance by the
Company or any Subsidiary of any of its obligations hereunder or under any other
Loan Document, (b) prohibit the Company or any Subsidiary from granting to the
Agent, for the benefit of the Banks, a Lien on any of its assets (other than any
real property lease which prohibits the Company or any Subsidiary from granting
to the Agent, for the benefit of the Banks, a Lien on the Company's or such
Subsidiary's leasehold interest with respect to such lease or Fixtures located
on the premises subject to such lease) or (c) create or permit to exist or
become effective any encumbrance or restriction on the ability of any Subsidiary
to (i) pay dividends or make other distributions to the Company or any other
applicable Subsidiary, or pay any Debt owed to the Company or any other
Subsidiary, (ii) make loans or advances to the Company or (iii) transfer any of
its assets or properties to the Company.

     10.19. Business Activities. Not, and not permit any Subsidiary to, engage
in any line of business other than the businesses engaged in on the date hereof
and businesses reasonably

                                       50

<PAGE>

related thereto.

     10.20 Investments. Not, and not permit any Subsidiary to, make or permit to
exist any Investment in any other Person, except (without duplication) the
following:

          (a) Suretyship Liabilities permitted by Section 10.7;

          (b) Cash Equivalent Investments;

          (c) bank deposits in the ordinary course of business, provided that
     the aggregate amount of all such deposits which are maintained with any
     bank other than a Bank (or any other bank or financial institution which
     has entered into an agreement with Agent to perfect Agent's liens on the
     Collateral which is in a form satisfactory to Agent in its reasonable
     discretion) shall not at any time exceed $250,000;

          (d) Investments in securities of account debtors received pursuant to
     any plan of reorganization or similar arrangement upon the bankruptcy or
     insolvency of such account debtors;

          (e) Investments to consummate Acquisitions permitted by Section 10.10;
     and

          (f) Investments listed on Schedule 10.20; and

          (g) Investments in addition to Investments otherwise permitted by this
     Section 10.20 not exceeding $750,000 at any one time outstanding.

provided that (x) any Investment which when made complies with the requirements
of the definition of the term "Cash Equivalent Investment" may continue to be
held notwithstanding that such Investment if made thereafter would not comply
with such requirements; (y) no Investment otherwise permitted by clause (a),
(e), or (g) shall be permitted to be made if, immediately before or after giving
effect thereto, any Event of Default or Unmatured Event of Default exists.

     10.21 Fiscal Year. Not change its Fiscal Year without having given the
Agent and Banks thirty (30) day's prior written notice of such change.

     10.22 Cancellation of Debt. Not, and not permit any Subsidiary to, cancel
any claim or debt owing to it, except for reasonable consideration or in the
ordinary course of business, and except for the cancellation of debts or claims
not to exceed $250,000 in any Fiscal Year.

     10.23 Negative Pledge on Real Property. Not, and not permit any Subsidiary
to pledge, mortgage, grant a security interest in or permit to exist a Lien on,
encumber, assign, sell, or otherwise dispose of or transfer, the real property
located at 1 Rittenhouse Road, Jefferson City, TN 37760 other than (i)
easements, rights of way, restrictions, minor defects or irregularities in title
and other similar Liens not interfering in any material respect with the
ordinary conduct of the business of the Company or any Subsidiary and (ii) Liens
of carriers, warehousemen,

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<PAGE>

mechanics and materialmen and other similar Liens imposed by law arising in the
ordinary course of business for sums not overdue or being contested in good
faith by appropriate proceedings and not involving any deposits or advances or
borrowed money or the deferred purchase price of property or services and, in
each case, for which it maintains adequate reserves.

                                   SECTION 11
                   EFFECTIVENESS; CONDITIONS OF LENDING, ETC.

     The obligation of each Bank to make its Loans and of the Issuing Bank to
issue Letters of Credit is subject to the following conditions precedent:

     11.1 Initial Credit Extension. The obligation of the Banks to make the
initial Loans and the obligation of the Issuing Bank to issue its initial Letter
of Credit (whichever first occurs) is, in addition to the conditions precedent
specified in Section 11.2, subject to the conditions precedent that the Agent
shall have received all of the following, each duly executed and dated the
Closing Date (or such earlier date as shall be satisfactory to the Agent), in
form and substance satisfactory to the Agent (and the date on which all such
conditions precedent have been satisfied or waived in writing by the Agent and
the Banks is called the "Closing Date"):

     11.1.1 Notes. The Notes.

     11.1.2 Resolutions. Certified copies of resolutions of the Board of
Directors of the Company authorizing the execution, delivery and performance by
the Company of this Agreement, the Notes and the other Loan Documents to which
the Company is a party; and certified copies of resolutions of the Board of
Directors of each other Loan Party authorizing the execution, delivery and
performance by such Loan Party of each Loan Document to which such entity is a
party.

     11.1.3 Consents, etc. Copies (certified as true and correct by the
Secretary or Assistant Secretary of the Company) of all documents evidencing any
necessary corporate or shareholder action, consents and governmental approvals
(if any) required for the execution, delivery and performance by the Company and
each other Loan Party of the documents referred to in this Section 11.

     11.1.4 Incumbency and Signature Certificates. A certificate of the
Secretary or an Assistant Secretary (or other appropriate representative) of
each Loan Party certifying the names of the officer or officers of such entity
authorized to sign the Loan Documents, together with a sample of the true
signature of each such officer (it being understood that the Agent and each Bank
may conclusively rely on each such certificate until formally advised by a like
certificate of any changes therein).

     11.1.5 Security Agreement. A counterpart of the Security Agreement executed
by the Company and each Restricted Subsidiary.

     11.1.6 First Amendment to Reimbursement Agreement. A counterpart of the
First Amendment to Amended and Restated Reimbursement Agreement attached hereto
as Exhibit H

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<PAGE>

executed by the Company together with any other notes, instruments,
certificates, agreements or other documents required to be delivered thereunder.

     11.1.7 Opinion of Counsel. The opinion of WilmerHale, counsel to the
Company and Loan Parties.

     11.1.8 Insurance. Evidence satisfactory to the Agent of the existence of
insurance required to be maintained pursuant to Section 10.3(b), together with
evidence that the Agent has been named as a lender's loss payee and an
additional insured on all related insurance policies.

     11.1.9 Payment of Fees. Evidence of payment by the Company of all accrued
and unpaid fees, costs and expenses to the extent then due and payable on the
Closing Date, including, but not limited to, the Loan Fee, together with all
Attorney Costs of the Agent to the extent invoiced prior to the Closing Date,
plus such additional amounts of Attorney Costs as shall constitute the Agent's
reasonable estimate of Attorney Costs incurred or to be incurred by the Agent
through the closing proceedings (provided that such estimate shall not
thereafter preclude final settling of accounts between the Company and the
Agent).

     11.1.10 Search Results; Lien Terminations. Certified copies of Uniform
Commercial Code Requests for Information or Copies (Form UCC-11), or a similar
search report certified by a party acceptable to the Agent, dated a date
reasonably near to the Closing Date, listing all effective financing statements
which name the Company and each Subsidiary other than foreign Subsidiaries
(under their present names and any previous names) as debtors and which are
filed in the jurisdictions in which filings are to be made pursuant to the
Collateral Documents, together with (i) copies of such financing statements,
(ii) executed copies of proper Uniform Commercial Code Form UCC-3 termination
statements, if any, necessary to release all Liens and other rights of any
Person in any collateral described in the Collateral Documents previously
granted by any Person (other than Liens permitted by Section 10.8) and (iii)
such other Uniform Commercial Code Form UCC-3 termination statements as the
Agent may reasonably request.

     11.1.11 Filings, Registrations and Recordings. The Agent shall have
received each document (including Uniform Commercial Code financing statements)
required by the Collateral Documents or under law or reasonably requested by the
Agent to be filed, registered or recorded in order to create in favor of the
Agent, for the benefit of the Banks, a perfected Lien on the collateral
described therein, prior and superior to any other Person, in proper form for
filing, registration or recording.

     11.1.12 Closing Certificate. A certificate signed by a the Chief Financial
Officer of the Company dated as of the Closing Date, affirming the matters set
forth in Section 11.2.1 as of the Closing Date.

     11.1.13 Borrowing Base Certificate. Borrowing Base Certificate dated within
thirty (30) days before the Closing Date.

     11.1.14 Other. Such other documents as the Agent or any Bank may reasonably
request.

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<PAGE>

     11.2 Conditions. The obligation (a) of each Bank to make each Loan and (b)
of the Issuing Bank to issue each Letter of Credit is subject to the following
further conditions precedent that:

     11.2.1 Compliance with Warranties, No Default, etc. Both before and after
giving effect to any borrowing and the issuance of any Letter of Credit, the
following statements shall be true and correct:

          (a) the representations and warranties of the Company and each
     Subsidiary set forth in this Agreement and the other Loan Documents shall
     be true and correct in all material respects with the same effect as if
     then made (except to the extent stated to relate to a specific earlier
     date, in which case such representations and warranties shall be true and
     correct as of such earlier date); and

          (b) no Event of Default or Unmatured Event of Default shall have then
     occurred and be continuing.

     11.2.2 Confirmatory Certificate. If requested by the Agent or any Bank, the
Agent shall have received (in sufficient counterparts to provide one to each
Bank) a certificate dated the date of such requested Loan or Letter of Credit
and signed by a duly authorized representative of the Company as to the matters
set out in Section 11.2.1 (it being understood that each request by the Company
for the making of a Loan or the issuance of a Letter of Credit shall be deemed
to constitute a warranty by the Company that the conditions precedent set forth
in Section 11.2.1 will be satisfied at the time of the making of such Loan or
the issuance of such Letter of Credit), together with such other documents as
the Agent or any Bank may reasonably request in support thereof.

                                   SECTION 12
                       EVENTS OF DEFAULT AND THEIR EFFECT

     12.1 Events of Default. Each of the following shall constitute an Event of
Default under this Agreement:

     12.1.1 Non-Payment of the Loans, etc. Default in the payment when due of
the principal of any Loan; or default, and continuance thereof for three (3)
Business Days, in the payment when due of any interest, fee, reimbursement
obligation with respect to any Letter of Credit or other amount payable by the
Company hereunder or under any other Loan Document.

     12.1.2. Non-Payment of Other Debt. Any default shall occur under the terms
applicable to any Debt of the Company or any Subsidiary, including but not
limited to any obligations arising under the Reimbursement Agreement, in an
aggregate amount (for all such Debt so affected) exceeding $500,000 and such
default shall (a) consist of the failure to pay such Debt when due, whether by
acceleration or otherwise, or (b) accelerate the maturity of such Debt or permit
the holder or holders thereof, or any trustee or agent for such holder or
holders, to cause such Debt to become due and payable (or require the Company or
any Subsidiary to purchase or redeem such Debt) prior to its expressed maturity.

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<PAGE>

     12.1.3 Bankruptcy, Insolvency, etc. The Company or any Subsidiary becomes
insolvent or generally fails to pay, or admits in writing its inability or
refusal to pay, debts as they become due; or the Company or any Subsidiary
applies for, consents to, or acquiesces in the appointment of a trustee,
receiver or other custodian for the Company or such Subsidiary or any property
thereof, or makes a general assignment for the benefit of creditors; or, in the
absence of such application, consent or acquiescence, a trustee, receiver or
other custodian is appointed for the Company or any Subsidiary or for a
substantial part of the property of any thereof and is not discharged within 60
days; or any bankruptcy, reorganization, debt arrangement, or other case or
proceeding under any bankruptcy or insolvency law, or any dissolution or
liquidation proceeding, is commenced in respect of the Company or any
Subsidiary, and if such case or proceeding is not commenced by the Company or
such Subsidiary, it is consented to or acquiesced in by the Company or such
Subsidiary, or remains for 30 days undismissed; or the Company or any Subsidiary
takes any action to authorize, or in furtherance of, any of the foregoing.

     12.1.4 Non-Compliance with Loan Documents. (a) Failure by the Company to
comply with or to perform any covenant set forth in Sections 10.1.5(a), 10.5
through 10.6, 10.9 through 10.14 and 10.19 through 10.21; or (b) failure by the
Company to comply with or to perform any other provision of this Agreement or
any other Loan Document (and not constituting an Event of Default under any
other provision of this Section 12) and continuance of such failure described in
this clause (b) for 30 days.

     12.1.5 Warranties. Any warranty made by the Company or any Subsidiary
herein or any other Loan Document is breached or is false or misleading in any
material respect, or any schedule, certificate, financial statement, report,
notice or other writing furnished by the Company or any Subsidiary to the Agent
or any Bank in connection herewith is false or misleading in any material
respect on the date as of which the facts therein set forth are stated or
certified.

     12.1.6 Pension Plans. (i) Institution of any steps by the Company or any
other Person to terminate a Pension Plan if as a result of such termination the
Company could be required to make a contribution to such Pension Plan, or could
incur a liability or obligation to such Pension Plan, in either case in excess
of $500,000; (ii) a contribution failure occurs with respect to any Pension Plan
sufficient to give rise to a Lien under Section 302(f) of ERISA; or (iii) there
shall occur any withdrawal or partial withdrawal from a Multiemployer Pension
Plan and the withdrawal liability (without unaccrued interest) to Multiemployer
Pension Plans as a result of such withdrawal (including any outstanding
withdrawal liability that the Company and the Controlled Group have incurred on
the date of such withdrawal) exceeds $500,000.

     12.1.7 Judgments. Final judgments which exceed an aggregate of $500,000
shall be rendered against the Company or any Subsidiary and shall not have been
paid, discharged or vacated or had execution thereof stayed pending appeal
within 30 days after entry or filing of such judgments.

     12.1.8 Invalidity of Collateral Documents, Loan Documents, etc. Any
Collateral Document or Loan Document shall cease to be in full force and effect;
or the Company or any

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<PAGE>

Subsidiary (or any Person by, through or on behalf of the Company or any
Subsidiary) shall contest in any manner the validity, binding nature or
enforceability of any Collateral Document or Loan Document.

     12.1.9 Invalidity of Subordination Provisions, etc. Any subordination
provision in any document or instrument governing Subordinated Debt, or any
subordination provision in any guaranty by any Subsidiary of any Subordinated
Debt, shall cease to be in full force and effect, or the Company or any other
Person (including the holder of any applicable. Subordinated Debt) shall contest
in any manner the validity, binding nature or enforceability of any such
provision.

     12.1.10 Change of Control. During any period of 12 consecutive months, a
majority of the members (excluding any vacancies) of the Company's Board of
Directors or other equivalent governing body of the company cease to be composed
of individuals (i) who were members of such Board of Directors or equivalent
governing body on the first day of such period, (ii) whose election or
nomination to such Board of Directors or equivalent governing body was approved
by individuals referred to in clause (i) above constituting at the time of such
election or nomination at least a majority of such Board of Directors or
equivalent governing body or (iii) whose election or nomination to that board or
other equivalent governing body were approved by individuals referred to in
clauses (i) and (ii) above constituting at the time of such election or
nomination at least a majority of such Board of Directors or equivalent
governing body (excluding, in the case of both clause (ii) and clause (iii), any
individual whose initial nomination for, or assumption of office as, a member of
that board or equivalent governing body occurs as a result of an actual or
threatened solicitation of proxies or consents for the election or removal of
one or more directors by any person or group other than a solicitation for the
election of one or more directors by or on behalf of the Company's Board of
Directors).

     12.1.11 Material Adverse Effect. The occurrence of any event having a
Material Adverse Effect.

     12.2 Effect of Event of Default. If any Event of Default described in
Section 12.1.3 shall occur, the Commitments (if they have not theretofore
terminated) shall immediately terminate and the Loans and all other obligations
hereunder shall become immediately due and payable and the Company shall become
immediately obligated to Cash Collateralize all Letters of Credit, all without
presentment, demand, protest or notice of any kind; and, if any other Event of
Default shall occur and be continuing, the Agent (upon written request of the
Required Banks) shall declare the Commitments (if they have not theretofore
terminated) to be terminated and/or declare all Loans and all other obligations
hereunder to be due and payable and/or demand that the Company immediately Cash
Collateralize all Letters of Credit, whereupon the Commitments (if they have not
theretofore terminated) shall immediately terminate and/or all Loans and all
other obligations hereunder shall become immediately due and payable and/or the
Company shall immediately become obligated to Cash Collateralize all Letters of
Credit, all without presentment, demand, protest or notice of any kind. The
Agent shall promptly advise the Company of any such declaration, but failure to
do so shall not impair the effect of such declaration. Notwithstanding the
foregoing, the effect as an Event of Default of any event described in Section
12.1.1 or Section 12.1.3 may be waived by the written concurrence of all of the
Banks, and the effect as an Event of Default of any other event described in
this Section 12

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<PAGE>

may be waived by the written concurrence of the Required Banks. Any cash
collateral delivered hereunder shall be held by the Agent (without liability for
interest thereon) and applied to obligations arising in connection with any
drawing under a Letter of Credit. After the expiration or termination of all
Letters of Credit, such cash collateral shall be applied by the Agent to any
remaining obligations hereunder and any excess shall be delivered to the Company
or as a court of competent jurisdiction may elect.

                                   SECTION 13
                                    THE AGENT

     13.1 Appointment and Authorization.

          (a) Each Bank hereby irrevocably (subject to Section 13.9) appoints,
     designates and authorizes the Agent to take such action on its behalf under
     the provisions of this Agreement and each other Loan Document and to
     exercise such powers and perform such duties as are expressly delegated to
     it by the terms of this Agreement or any other Loan Document, together with
     such powers as are reasonably incidental thereto. Notwithstanding any
     provision to the contrary contained elsewhere in this Agreement or in any
     other Loan Document, the Agent shall not have any duty or responsibility
     except those expressly set forth herein, nor shall the Agent have or be
     deemed to have any fiduciary relationship with any Bank, and no implied
     covenants, functions, responsibilities, duties, obligations or liabilities
     shall be read into this Agreement or any other Loan Document or otherwise
     exist against the Agent.

          (b) The Issuing Bank shall act on behalf of the Banks with respect to
     any Letters of Credit issued by it and the documents associated therewith.
     The Issuing Bank shall have all of the benefits and immunities (i) provided
     to the Agent in this Section 13 with respect to any acts taken or omissions
     suffered by the Issuing Bank in connection with Letters of Credit issued by
     it or proposed to be issued by it and the applications and agreements for
     letters of credit pertaining to such Letters of Credit as fully as if the
     term "Agent", as used in this Section 13, included the Issuing Bank with
     respect to such acts or omissions and (ii) as additionally provided in this
     Agreement with respect to the Issuing Bank.

     13.2 Delegation of Duties. The Agent may execute any of its duties under
this Agreement or any other Loan Document by or through Agents, employees or
attorneys-in-fact and shall be entitled to advice of counsel concerning all
matters pertaining to such duties. The Agent shall not be responsible for the
negligence or misconduct of any Agent or attorney-in-fact that it selects with
reasonable care.

     13.3 Liability of Agent. None of the Agent nor any of its directors,
officers, employees or agents shall (i) be liable for any action taken or
omitted to be taken by any of them under or in connection with this Agreement or
any other Loan Document or the transactions contemplated hereby (except for its
own gross negligence or willful misconduct), or (ii) be responsible in any
manner to any of the Banks for any recital, statement, representation or
warranty made by the Company or any Subsidiary or Affiliate of the Company, or
any officer

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<PAGE>

thereof, contained in this Agreement or in any other Loan Document, or in any
certificate, report, statement or other document referred to or provided for in,
or received by the Agent under or in connection with, this Agreement or any
other Loan Document, or the validity, effectiveness, genuineness, enforceability
or sufficiency of this Agreement or any other Loan Document, or for any failure
of the Company or any other party to any Loan Document to perform its
obligations hereunder or thereunder. The Agent shall not be under any obligation
to any Bank to ascertain or to inquire as to the observance or performance of
any of the agreements contained in, or conditions of, this Agreement or any
other Loan Document, or to inspect the properties, books or records of the
Company or any of the Company's Subsidiaries or Affiliates,

     13.4 Reliance by Agent. The Agent shall be entitled to rely, and shall be
fully protected in relying, upon any writing, resolution, notice, consent,
certificate, affidavit, letter, telegram, facsimile, telex or telephone message,
statement or other document or conversation believed by it to be genuine and
correct and to have been signed, sent or made by the proper. Person or Persons,
and upon advice and statements of legal counsel (including counsel to the
Company), independent accountants and other experts selected by the Agent. The
Agent shall be fully justified in failing or refusing to take any action under
this Agreement or any other Loan Document unless it shall first receive such
advice or concurrence of the Required Banks as it deems appropriate and, if it
so requests, confirmation from the Banks of their obligation to indemnify the
Agent against any and all liability and expense which may be incurred by it by
reason of taking or continuing to take any such action. The Agent shall in all
cases be fully protected in acting, or in refraining from acting, under this
Agreement or any other Loan Document in accordance with a request or consent of
the Required Banks and such request and any action taken or failure to act
pursuant thereto shall be binding upon all of the Banks.

     13.5 Notice of Default. The Agent shall not be deemed to have knowledge or
notice of the occurrence of any Event of Default or Unmatured Event of Default
except with respect to defaults in the payment of principal, interest and fees
required to be paid to the Agent for the account of the Banks, unless the Agent
shall have received written notice from a Bank or the Company referring to this
Agreement, describing such Event of Default or Unmatured Event of Default and
stating that such notice is a "notice of default". The Agent will notify the
Banks of its receipt of any such notice. The Agent shall take such action with
respect to such Event of Default or Unmatured Event of Default as may be
requested by the Required Banks in accordance with Section 12; provided that
unless and until the Agent has received any such request, the Agent may (but
shall not be obligated to) take such action, or refrain from taking such action,
with respect to such Event of Default or Unmatured Event of Default as it shall
deem advisable or in the best interest of the Banks.

     13.6 Credit Decision. Each Bank acknowledges that the Agent has not made
any representation or warranty to it, and that no act by the Agent hereafter
taken, including any review of the affairs of the Company and its Subsidiaries,
shall be deemed to constitute any representation or warranty by the Agent to any
Bank. Each Bank represents to the Agent that it has, independently and without
reliance upon the Agent and based on such documents and information as it has
deemed appropriate, made its own appraisal of and investigation into the
business, prospects, operations, property, financial and other condition and
creditworthiness of the Company and its Subsidiaries, and made its own decision
to enter into this Agreement and to

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<PAGE>

extend credit to the Company hereunder. Each Bank also represents that it will,
independently and without reliance upon the Agent and based on such documents
and information as it shall deem appropriate at the time, continue to make its
own credit analysis, appraisals and decisions in taking or not taking action
under this Agreement and the other Loan Documents, and to make such
investigations as it deems necessary to inform itself as to the business,
prospects, operations, property, financial and other condition and
creditworthiness of the Company. Except for notices, reports and other documents
expressly herein required to be furnished to the Banks by the Agent, the Agent
shall not have any duty or responsibility to provide any Bank with any credit or
other information concerning the business, prospects, operations, property,
financial or other condition or creditworthiness of the Company which may come
into the possession of the Agent.

     13.7 Indemnification. Whether or not the transactions contemplated hereby
are consummated, the Banks shall indemnify upon demand the Agent and its
directors, officers, employees and Agents (to the extent not reimbursed by or on
behalf of the Company and without limiting the obligation of the Company to do
so), pro rata, from and against any and all Indemnified Liabilities; provided
that no Bank shall be liable for any payment to any such Person of any portion
of the Indemnified Liabilities resulting from such Person's gross negligence or
willful misconduct. Without limitation of the foregoing, each Bank shall
reimburse the Agent upon demand for its ratable share of any costs or
out-of-pocket expenses (including Attorney Costs) incurred by the Agent in
connection with the preparation, execution, delivery, administration,
modification, amendment or enforcement (whether through negotiations, legal
proceedings or otherwise) of, or legal advice in respect of rights or
responsibilities under, this Agreement, any other Loan Document, or any document
contemplated by or referred to herein, to the extent that the Agent is not
reimbursed for such expenses by or on behalf of the Company. The undertaking in
this Section shall survive repayment of the Loans, cancellation of the Notes,
expiration or termination of the Letters of Credit, any foreclosure under, or
modification, release or discharge of, any or all of the Collateral Documents,
termination of this Agreement and the resignation or replacement of the Agent.

     13.8 Agent in Individual Capacity. LaSalle and its Affiliates (as well as
any other Bank) may make loans to, issue letters of credit for the account of,
accept deposits from, acquire equity interests in and generally engage in any
kind of banking, trust, financial advisory, underwriting or other business with
the Company and its Subsidiaries and Affiliates as though LaSalle were not the
Agent or the Issuing Bank hereunder and without consent of the Banks (unless
such action would require such consent pursuant to the terms of this Agreement).
Each Bank agrees to give notice of any such activities to the other Banks. The
Banks acknowledge that, pursuant to such activities, LaSalle or its Affiliates
may receive information regarding the Company or its Affiliates (including
information that may be subject to confidentiality obligations in favor of the
Company or such Affiliate) and acknowledge that the Agent shall be under no
obligation to provide such information to them. With respect to their Loans (if
any), LaSalle and its Affiliates shall have the same rights and powers under
this Agreement as any other Bank and may exercise the same as though LaSalle
were not the Agent and the Issuing Bank, and the terms "Bank" and "Banks"
include LaSalle and its Affiliates, to the extent applicable, in their
individual capacities.

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<PAGE>

     13.9 Successor Agent. The Agent may resign as Agent upon 30 days' notice to
the Banks and the Company. If the Agent resigns under this Agreement, the
Required Banks shall, with (so long as no Event of Default exists) the consent
of the Company (which shall not be unreasonably withheld or delayed), appoint
from among the Banks a successor Agent for the Banks. If no successor Agent is
appointed prior to the effective date of the resignation of the Agent, the Agent
may appoint, after consulting with the Banks and the Company, a successor Agent
from among: the Banks. Upon the acceptance of its appointment as successor Agent
hereunder, such successor Agent shall succeed to all the rights, powers and
duties of the retiring Agent and the term "Agent" shall mean such successor
Agent, and the retiring Agent's appointment, powers and duties as Agent shall be
terminated. After any retiring Agent's resignation hereunder as Agent, the
provisions of this Section 13 and Sections 14.6 and 14.13 shall inure to its
benefit as to any actions taken or omitted to be taken by it while it was Agent
under this Agreement. If no successor Agent has accepted appointment as Agent by
the date which is 30 days following a retiring Agent's notice of resignation,
the retiring Agent's resignation shall nevertheless thereupon become effective
and the Banks shall perform all of the duties of the Agent hereunder until such
time, if any, as the Required Banks appoint a successor Agent as provided for
above.

     13.10 Collateral Matters. The Banks irrevocably authorize the Agent, at its
option and in its discretion, (a) to release any Lien granted to or held by the
Agent under any Collateral Document (i) upon termination of the Commitments and
payment in full of all Loans and all other obligations of the Company hereunder
and the expiration or termination of all Letters of Credit; (ii) constituting
property sold or to be sold or disposed of as part of or in connection with any
disposition permitted hereunder; or (iii) subject to Section 14.1, if approved,
authorized or ratified in writing by the Required Banks; or (b) to subordinate
its interest in any collateral to any holder of a Lien on such collateral which
is permitted by clause (d)(i) or (d)(iii) of Section 10.8 (it being understood
that the Agent may conclusively rely on a certificate from the Company in
determining whether the Debt secured by any such Lien is permitted by Section
10.7(b)). Upon request by the Agent at any time, the Banks will confirm in
writing the Agent's authority to release, or subordinate its interest in,
particular types or items of collateral pursuant to this Section 13.10.

     13.11 Amendment of Section 13. The Company hereby agrees that the
provisions of this Section 13 (other than Section 13.9) generally constitute an
agreement among the Agent and the Banks and that any and all of the provisions
of this Section 13 (other than Section 13.9) may be amended at any time by the
Banks without the consent or approval of, but with notice to, the Company (other
than any provision in addition to Section 13.9 to the extent that it directly or
in any material way affects the Company).

                                   SECTION 14
                                     GENERAL

     14.1 Waiver; Amendments. No delay on the part of the Agent or any Bank in
the exercise of any right, power or remedy shall operate as a waiver thereof,
nor shall any single or partial exercise by any of them of any right, power or
remedy preclude other or further exercise thereof, or the exercise of any other
right, power or remedy. This Agreement and the other Loan

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<PAGE>

Documents are intended by the parties as the final, complete and exclusive
statement of the transactions evidenced by this Agreement and the other Loan
Documents. All prior or contemporaneous promises, agreements and understandings,
whether oral or written, are deemed to be superceded by this Agreement and the
other Loan Documents, and no party is relying on any promise, agreement or
understanding not set forth in this Agreement and the other Loan Documents. No
amendment, modification or waiver of, or consent with respect to, any provision
of this Agreement or the Notes shall in any event be effective unless the same
shall be in writing and signed and delivered by Banks having an aggregate Pro
Rata Share of not less than the aggregate Pro Rata Share expressly designated
herein with respect thereto or, in the absence of such designation as to any
provision of this Agreement or the Notes, by the Required Banks, and then any
such amendment, modification, waiver or consent shall be effective only in the
specific instance and for the specific purpose for which given. No amendment,
modification, waiver or consent shall change the Pro Rata Share of any Bank
without the consent of such Bank. No amendment, modification, waiver or consent
shall (i) increase the Revolving Commitment Amount, (ii) extend the date for
payment of any principal of or interest on the Loans or any fees payable
hereunder, (iii) reduce the principal amount of any Loan, the rate of interest
thereon or any fees payable hereunder, or (iv) reduce the aggregate Pro Rata
Share required to effect an amendment, modification, waiver or consent without,
in each case, the consent of all Banks. No provision of Section 13, or other
provision of this Agreement affecting the Agent in its capacity as such shall be
amended, modified or waived without the consent of the Agent. No provision of
this Agreement relating to the rights or duties of the Issuing Bank in its
capacity as such shall be amended, modified or waived without the consent of the
Issuing Bank.

     14.2 Confirmations. The Company and each holder of a Note agree from time
to time, upon written request received by it from the other, to confirm to the
other in writing (with a copy of each such confirmation to the Agent) the
aggregate unpaid principal amount of the Loans then outstanding under such Note.

     14.3 Notices. Except as otherwise provided in Sections 2.2.2 and 2.2.3, all
notices hereunder shall be in writing (including facsimile transmission) and
shall be sent to the applicable party at its address shown on Schedule 14.3 or
at such other address as such party may, by written notice received by the other
parties, have designated as its address for such purpose. Notices sent by
facsimile transmission shall be deemed to have been given when sent; notices
sent by mail shall be deemed to have been given three Business Days after the
date when sent by registered or certified mail, postage prepaid; and notices
sent by hand delivery or overnight courier service shall be deemed to have been
given when received. For purposes of Sections 2.2.2 and 2.2.3, the Agent shall
be entitled to rely on telephonic instructions from any person that the Agent in
good faith believes is an authorized officer or employee of the Company, and the
Company shall hold the Agent and each other Bank harmless from any loss, cost or
expense resulting from any such reliance.

     14.4 Computations. Where the character or amount of any asset or liability
or item of income or expense is required to be determined, or any consolidation
or other accounting computation is required to be made, for the purpose of this
Agreement, such determination or calculation shall, to the extent applicable and
except as otherwise specified in this Agreement, be made in accordance with
GAAP, consistently applied; provided that if the Company notifies the

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<PAGE>

Agent that the Company wishes to amend any covenant in Section 10 to eliminate
or to take into account the effect of any change in GAAP on the operation of
such covenant (or if the Agent notifies the Company that the Required Banks wish
to amend Section 10 for such purpose), then the Company's compliance with such
covenant shall be determined on the basis of GAAP in effect immediately before
the relevant change in GAAP became effective, until either such notice is
withdrawn or such covenant is amended in a manner satisfactory, to the Company
and the Required Banks.

     14.5 Regulation U. Each Bank represents that it in good faith is not
relying, either directly or indirectly, upon any Margin Stock as collateral
security for the extension or maintenance by it of any credit provided for in
this Agreement.

     14.6 Costs, Expenses and Taxes. The Company agrees to pay on demand all
reasonable out-of-pocket costs and expenses of the Banks (including Attorney
Costs) in connection with the preparation, execution, syndication and delivery
of this Agreement, the other Loan Documents and all other documents provided for
herein or delivered or to be delivered hereunder or in connection herewith
(including any amendment, supplement or waiver to any Loan Document), and all
reasonable out-of-pocket costs and expenses (including Attorney Costs) incurred
by the Agent and each Bank after an Event of Default in connection with the
enforcement of this Agreement, the other Loan Documents or any such other
documents. In addition, the Company agrees to pay, and to save the Agent and the
Banks harmless from all liability for, (a) any stamp or other taxes (excluding
Excluded Taxes) which may be payable in connection with the execution and
delivery of this Agreement, the borrowings hereunder, the issuance of the Notes
or the execution and delivery of any other Loan Document or any other document
provided for herein or delivered or to be ' delivered hereunder or in connection
herewith and (b) any reasonable fees of the Company's auditors in connection
with any reasonable exercise by the Agent and the Banks of their rights pursuant
to Section 10.2. All obligations provided for in this Section 14.6 shall survive
repayment of the Loans, cancellation of the Notes, expiration or termination of
the Letters of Credit and termination of this Agreement.

     14.7 Subsidiary References. The provisions of this Agreement relating to
Subsidiaries shall apply only during such times as the Company has one or more
Subsidiaries.

     14.8 Captions. Section captions used in this Agreement are for convenience
only and shall not affect the construction of this Agreement.

     14.9 Assignments; Participations.

     14.9.1 Assignments. Any Bank may, with the prior written consents of the
Issuing Bank (for an assignment of the Revolving Loans and any Revolving Loan
Commitments) and the Agent and (so long as no Event of Default exists) the
Company (which consents shall not be unreasonably delayed or withheld and, in
any event, shall not be required for an assignment by a Bank to one of its
Affiliates), at any time assign and delegate to one or more commercial banks or
other Persons (any Person to whom such an assignment and delegation is to be
made being herein called an "Assignee") pursuant to written assignment
agreements executed by such

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<PAGE>

assigning Bank, such Assignee, the Company and the Agent which agreements shall
specify in each instance the portion of the assigning Bank's Loans which is to
be assigned to such Assignee and the portion of the Commitments of the assigning
Bank to be assumed by the Assignee (the "Assignment Agreements") all or any
fraction of such Bank's Loans and Commitment (which assignment and delegation
shall be of a constant, and not a varying, percentage of all the assigning
Bank's Loans and Commitment) in a minimum aggregate amount equal to the lesser
of (i) the amount of the assigning Bank's Pro Rata Share of the Revolving
Commitment Amount and Term Commitment and (ii) $5,000,000; provided that (a) no
assignment and delegation may be made to any Person if, at the time of such
assignment and delegation, the Company would be obligated to pay any greater
amount under Section 7.6 or Section 8 to the Assignee than the Company is then
obligated to pay to the assigning Bank under such Sections (and if any
assignment is made in violation of the foregoing, the Company will not be
required to pay the incremental amounts) and (b) the Company and the Agent shall
be entitled to continue to deal solely and directly with such Bank in connection
with the interests so assigned and delegated to an Assignee until the date when
all of the following conditions shall have been met:

          (x) five Business Days (or such lesser period of time as the Agent and
     the assigning Bank shall agree) shall have passed after written notice of
     such assignment and delegation, together with payment instructions,
     addresses and related information with respect to such Assignee, shall have
     been given to the Company and the Agent by such assigning Bank and the
     Assignee,

          (y) the assigning Bank and the Assignee shall have executed and
     delivered to the Company and the Agent an Assignment Agreement, together
     with any documents required to be delivered thereunder, which Assignment
     Agreement shall have been accepted by the Agent and, if applicable, the
     Company, and

          (z) except in the case of an assignment by a Bank to one of its
     Affiliates, the assigning Bank or the Assignee shall have paid the Agent a
     processing fee of $3,500.

From and after the date on which the conditions described above have been met,
(x) such Assignee shall be deemed automatically to have become a party hereto
and, to the extent that rights and obligations hereunder have been assigned and
delegated to such Assignee pursuant to such Assignment Agreement, shall have the
rights and obligations of a Bank hereunder and (y) the assigning Bank, to the
extent that rights and obligations hereunder have been assigned and delegated by
it pursuant to such Assignment Agreement, shall be released from its obligations
hereunder. Within five Business Days after effectiveness of any assignment and
delegation, the Company shall execute and deliver to the Agent (for delivery to
the Assignee and the Assignor, as applicable) a new Revolving Loan Note in the
principal amount of the Assignee's Pro Rata Share of the Revolving Commitment
Amount and a new Term Loan Note in the principal amount of the Assignee's Pro
Rata Share of the Term Commitment and, if the assigning Bank has retained any
Commitments hereunder, a replacement Revolving Loan Note in the principal amount
of the Pro Rata Share of the Revolving Commitment Amount retained by the
assigning Bank and/or a replacement Term Loan Note in the principal amount of
the Pro Rata Share of the Term Commitment retained by the assigning Bank, as
applicable (such Notes to be in exchange for, but not in payment of, the
predecessor Notes held by such assigning Bank).

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<PAGE>

Each such Note shall be dated the effective date of such assignment. The
assigning Bank shall mark the predecessor Note "exchanged" and deliver it to the
Company. Accrued interest on that part of the predecessor Note being assigned
shall be paid as provided in the Assignment Agreement, subject to the terms
hereof. Accrued interest and fees on that part of the predecessor Note not being
assigned shall be paid to the assigning Bank, subject to the terms hereof.
Accrued interest and accrued fees shall be paid at the same time or times
provided in the predecessor Note and in this Agreement. Any attempted assignment
and delegation not made in accordance with this Section 14.9.1 shall be null and
void.

     Notwithstanding the foregoing provisions of this Section 14.9.1 or any
other provision of this Agreement, any Bank may at any time assign all or any
portion of its Loans and its Notes to a Federal Reserve Bank (but no such
assignment shall release any Bank from any of its obligations hereunder).

     14.9.2 Participations. Any Bank may at any time sell to one or more
commercial banks or other Persons participating interests in any Loan owing to
such Bank, the Note(s) held by such Bank, the Commitment of such Bank, the
direct or participation interest of such Bank in any Letter of Credit or any
other interest of such Bank hereunder (any Person purchasing any such
participating interest being herein called a "Participant"). In the event of a
sale by a Bank of a participating interest to a Participant, (x) such Bank shall
remain the holder of its Note(s) for all purposes of this Agreement, (y) the
Company and the Agent shall continue to deal solely and directly with such Bank
in connection with such Bank's rights and obligations hereunder and (z) all
amounts payable by the Company shall be determined as if such Bank had not sold
such participation and shall be paid directly to such Bank. No Participant shall
have any direct or indirect voting rights hereunder except with respect to any
of the events described in the fourth sentence of Section 14.1. Each Bank agrees
to incorporate the requirements of the preceding sentence into each
participation agreement which such Bank enters into with any Participant. The
Company agrees that each Participant shall be entitled to the benefits of
Section 7.6 and Section 8 as if it were a Bank (provided that no Participant
shall receive, nor shall the Company be obligated to pay, any greater
compensation pursuant to Section 7.6 or Section 8 than would have been paid to
the participating Bank if no participation had been sold).

     14.10 Governing Law. This Agreement and each Note shall be a contract made
under and governed by the internal laws of the State of Illinois applicable to
contracts made and to be performed entirely within such State. Whenever possible
each provision of this Agreement shall be interpreted in such manner as to be
effective and valid under applicable law, but if any provision of this Agreement
shall be prohibited by or invalid under applicable law, such provision shall be
ineffective to the extent of such prohibition or invalidity, without
invalidating the remainder of such provision or the remaining provisions of this
Agreement. All obligations of the Company and rights of the Agent and the Banks
expressed herein or in any other Loan Document shall be in addition to and not
in limitation of those provided by applicable law.

     14.11 Counterparts. This Agreement may be executed in any number of
counterparts and by the different parties hereto on separate counterparts and
each such counterpart shall be deemed to be an original, but all such
counterparts shall together constitute but one and the same Agreement.

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<PAGE>

     14.12 Successors and Assigns. This Agreement shall be binding upon the
Company, the Banks and the Agent and their respective successors and assigns,
and shall inure to the benefit of the Company, the Banks and the Agent and the
successors and assigns of the Banks and the Agent.

     14.13 Indemnification by the Company. In consideration of the execution and
delivery of this Agreement by the Agent and the Banks and the agreement to
extend the Commitments provided hereunder, the Company hereby agrees to
indemnify, exonerate and hold the Agent, each Bank and each of the officers,
directors, employees, Affiliates and Agents of the Agent and each Bank (each a
"Bank Party") free and harmless from and against any and all actions, causes of
action, suits, losses, liabilities, damages and expenses, including Attorney
Costs (collectively, the "Indemnified Liabilities"), incurred by the Bank
Parties or any of them as a result of, or arising out of, or relating to (i) any
tender offer, merger, purchase of stock, purchase of assets or other similar
transaction financed or proposed to be financed in whole or in part, directly or
indirectly, with the proceeds of any of the Loans, (ii) the use, handling,
release, emission, discharge, transportation, storage, treatment or disposal of
any hazardous substance at any property owned or leased by the Company or any
Subsidiary, (iii) any violation of any Environmental Laws with respect to
conditions at any property owned or leased by the Company or any Subsidiary or
the operations conducted thereon, (iv) the investigation, cleanup or remediation
of offsite locations at which the Company or any Subsidiary or their respective
predecessors are alleged to have directly or indirectly disposed of hazardous
substances or (v) the execution, delivery, performance or enforcement of this
Agreement or any other Loan Document by any of the Bank Parties, except for any
such Indemnified Liabilities arising on account of the applicable Bank Party's
gross negligence or willful misconduct. If and to the extent that the foregoing
undertaking may be unenforceable for any reason, the Company hereby agrees to
make the maximum contribution to the payment and satisfaction of each of the
Indemnified Liabilities which is permissible under applicable law. All
obligations provided for in this Section 14.13 shall survive repayment of the
Loans, cancellation of the Notes, expiration or termination of the Letters of
Credit, any foreclosure under, or any modification, release or discharge of, any
or all of the Collateral Documents and termination of this Agreement.

     14.14 Nonliability of Banks. The relationship between the Company on the
one hand and the Banks and the Agent on the other hand shall be solely that of
borrower and lender. Neither the Agent nor any Bank shall have any fiduciary
responsibility to the Company. Neither the Agent nor any Bank undertakes any
responsibility to the Company to review or inform the Company or any matter in
connection with any phase of the Company's business or operations. The Company
agrees that neither the Agent nor any Bank shall have liability to the Company
(whether sounding in tort, contract or otherwise) for losses suffered by the
Company in connection with, arising out of, or in any way related to the
transactions contemplated and the relationship established by the Loan
Documents, or any act, omission or event occurring in connection therewith,
unless it is determined in a final non-appealable judgment by a court of
competent jurisdiction that such losses resulted from the gross negligence or
willful misconduct of the party from which recovery is sought. Neither the Agent
nor any Bank shall have any liability with respect to, and the Company hereby
waives, releases and agrees not to sue for, any special, indirect or
consequential damages suffered by the Company in connection with, arising

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<PAGE>

out of, or in any way related to the Loan Documents or the transactions
contemplated thereby.

     14.15 Information/Confidentiality. As required by federal law and the
Agent's policies and practices, the Agent may need to obtain, verify, and record
certain customer identification information and documentation in connection with
opening or maintaining accounts, or establishing or continuing to provide
services. The Agent and each Bank agree to use commercially reasonable efforts
(equivalent to the efforts the Agent or such Bank applies to maintain the
confidentiality of its own confidential information) to maintain as confidential
all information provided to them by any Loan Party and designated as
confidential, except that the Agent and each Bank may disclose such information
(a) to Persons employed or engaged by the Agent or such Bank in evaluating,
approving, structuring or administering the Loans; (b) to any assignee or
participant or potential assignee or participant that has agreed to comply with
the covenant contained in this Section 14.15 (and any such assignee or
participant or potential assignee or participant may disclose such information
to Persons employed or engaged by them as described in clause (a) above); (c) as
required or requested by any federal or state regulatory authority or examiner,
or any insurance industry association, or as reasonably believed by the Agent or
such Bank to be compelled by any court decree, subpoena or legal or
administrative order or process; (d) as, on the advice of the Agent's or such
Bank's counsel, is required by law; (e) in connection with the exercise of any
right or remedy under the Loan Documents or in connection with any litigation to
which the Agent or such Bank is a party; (f) to any nationally recognized rating
agency that requires access to information about a Bank's investment portfolio
in connection with ratings issued with respect to such Bank; (g) to any
Affiliate of the Agent, the Issuing Bank or any other Bank if such parties agree
to be bound by the confidentiality obligations of the Agent and Banks set forth
in this Section 14.15; or (h) that ceases to be confidential through no fault of
the Agent or any Bank.

     14.16 FORUM SELECTION AND CONSENT TO JURISDICTION. ANY LITIGATION BASED
HEREON, OR ARISING OUT OF, UNDER, OR IN CONNECTION WITH THIS AGREEMENT OR ANY
OTHER LOAN DOCUMENT, SHALL BE BROUGHT AND MAINTAINED EXCLUSIVELY IN THE COURTS
OF THE STATE OF ILLINOIS OR IN THE UNITED STATES DISTRICT COURT FOR THE NORTHERN
DISTRICT OF ILLINOIS; PROVIDED THAT ANY SUIT SEEKING ENFORCEMENT AGAINST ANY
COLLATERAL OR OTHER PROPERTY MAY BE BROUGHT, AT THE AGENT'S OPTION, IN THE
COURTS OF ANY JURISDICTION WHERE SUCH COLLATERAL OR OTHER PROPERTY MAY BE FOUND.
THE COMPANY HEREBY EXPRESSLY AND IRREVOCABLY SUBMITS TO THE JURISDICTION OF THE
COURTS OF THE STATE OF ILLINOIS AND OF THE UNITED STATES DISTRICT COURT FOR THE
NORTHERN DISTRICT OF ILLINOIS FOR THE PURPOSE OF ANY SUCH LITIGATION AS SET
FORTH ABOVE. THE COMPANY FURTHER IRREVOCABLY CONSENTS TO THE SERVICE OF PROCESS
BY REGISTERED MAIL, POSTAGE PREPAID, OR BY PERSONAL SERVICE WITHIN OR WITHOUT
THE STATE OF ILLINOIS. THE COMPANY HEREBY EXPRESSLY AND IRREVOCABLY WAIVES, TO
THE FULLEST EXTENT PERMITTED BY LAW, ANY OBJECTION WHICH IT MAY NOW OR HEREAFTER
HAVE TO THE LAYING OF VENUE OF ANY SUCH LITIGATION BROUGHT IN ANY SUCH COURT
REFERRED TO ABOVE AND ANY CLAIM THAT ANY SUCH LITIGATION HAS BEEN BROUGHT IN AN

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INCONVENIENT FORUM.

     14.17 WAIVER OF JURY TRIAL. EACH OF THE COMPANY, THE AGENT AND EACH BANK
HEREBY KNOWINGLY, VOLUNTARILY AND INTENTIONALLY WAIVES ANY RIGHT TO A TRIAL BY
JURY IN ANY ACTION OR PROCEEDING TO ENFORCE OR DEFEND ANY RIGHTS UNDER THIS
AGREEMENT, ANY NOTE, ANY OTHER LOAN DOCUMENT AND ANY AMENDMENT, INSTRUMENT,
DOCUMENT OR AGREEMENT DELIVERED OR WHICH MAY IN THE FUTURE BE DELIVERED IN
CONNECTION HEREWITH OR THEREWITH OR ARISING FROM ANY BANKING RELATIONSHIP
EXISTING IN CONNECTION WITH ANY OF THE FOREGOING, AND AGREES THAT ANY SUCH
ACTION OR PROCEEDING SHALL BE TRIED BEFORE A COURT AND NOT BEFORE A JURY. EXCEPT
AS PROHIBITED BY LAW, THE COMPANY HEREBY WAIVES ANY RIGHT IT MAY HAVE TO CLAIM
OR RECOVER IN ANY LITIGATION ANY SPECIAL, EXEMPLARY, PUNITIVE OR CONSEQUENTIAL
DAMAGES OR ANY DAMAGES OTHER THAN, OR IN ADDITION TO, ACTUAL DAMAGES. THE
COMPANY CERTIFIES THAT NO REPRESENTATIVE, AGENT OR ATTORNEY OF THE AGENT OR ANY
BANK HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT THE AGENT OR ANY BANK WOULD
NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVER. THIS
WAIVER CONSTITUTES A MATERIAL INDUCEMENT FOR AGENT AND THE BANKS TO ACCEPT THIS
AGREEMENT AND MAKE THE LOANS.

     14.18 Existing Credit Agreement; Effectiveness of Amendment and
Restatement. Until this Agreement becomes effective in accordance with the
conditions set forth in Section 11, the Existing Credit Agreement shall remain
in full force and effect and shall not be affected hereby. After the Closing
Date, all obligations of the Company under the Existing Credit Agreement shall
become obligations of the Company hereunder, secured by the Collateral
Documents, and the provisions of the Existing Credit Agreement shall be
superseded by the provisions hereof; provided, that (i) the Existing Credit
Agreement shall continue to apply to all events, circumstances and periods
arising or existing prior to the Closing Date and (ii) the effectiveness of this
Agreement shall not be deemed to be a waiver of or consent to any default or
other violation of the terms of the Existing Credit Agreement or other Loan
Documents occurring or existing prior to the Closing Date.

     14.19 Confirmation/Ratification of the Revolving Loan. The Company hereby
agrees that, as of the Closing Date, it is fully and truly indebted to the Banks
for the full amount of the Loans stated herein. Furthermore, without limiting
any of the other provisions of this Agreement, the Company and each Bank agrees
that (i) the loans made to the Company by the Banks shall be subject to and
shall benefit from all of the provisions of this Agreement and the other Loan
Documents applicable to the Loans hereunder and thereunder, and (ii) the unpaid
principal of and interest on the Loans are obligations of the Company hereunder
and under the other Loan Documents.

     14.20 Effect of Amendment and Restatement of the Existing Credit Agreement.

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          (a) On the Closing Date, the Existing Credit Agreement shall be
amended and restated in its entirety. The parties hereto acknowledge and agree
that (i) this Agreement and the other Loan Documents, whether executed and
delivered in connection herewith or otherwise, do not constitute a novation,
payment and reborrowing, or termination of the obligations of the Company under
the Existing Credit Agreement as in effect prior to the Closing Date and which
remain outstanding; (ii) such obligations of the Company under the Existing
Credit Agreement are in all respects continuing (as amended and restated
hereby); (iii) the Liens and security interests as granted under the Collateral
Documents securing payment of such obligations of the Company under the Existing
Credit Agreement are in all respects continuing and in full force and effect;
(iv) references in the Loan Documents to the "Credit Agreement" shall be deemed
to be references to this Agreement, and to the extent necessary to effect the
foregoing, each such Loan Document is hereby deemed amended accordingly, (v) all
of the terms and provisions of the Existing Credit Agreement shall continue to
apply for the period prior to the Closing Date, including any determinations of
payment dates, interest rates, Events of Default or any amount that may be
payable to the Agent or the Banks (or their assignees or replacements
hereunder), (vi) the obligations under the Existing Credit Agreement shall
continue to be paid or prepaid on or prior to the Closing Date, and shall from
and after the Closing Date continue to be owing and be subject to the terms of
this Agreement, (vii) all references in the Loan Documents to the "Banks" or a
"Bank" or to the "Agent" shall mean such terms as defined in this Agreement.

          (b)The Company, the Agent and the Banks and the other parties hereto
acknowledge and agree that all principal, interest, fees, costs, reimbursable
expenses and indemnification obligations accruing or arising under or in
connection with the Existing Credit Agreement which remain unpaid and
outstanding as of the Closing Date shall be and remain outstanding and payable
as an obligation under this Agreement and the other Loan Documents.

     14.21 Existing Agreements Superseded. As set forth herein, the Existing
Credit Agreement is superseded by this Agreement, which has been executed in
renewal, amendment, restatement and modification, but not in novation or
extinguishment of, the obligations under the Existing Credit Agreement.

                            [signature page attached]

                                       68

<PAGE>

     Delivered at Chicago, Illinois, as of the day and year first above written.

                                        NASHUA CORPORATION

                                        By: /s/ John L. Patenaude
                                            ------------------------------------
                                        Title: Chief Financial Officer

                                        LASALLE BANK NATIONAL ASSOCIATION,
                                        as Agent, Issuing Bank and as a Bank

                                        By: /s/ Rod A. Murray
                                            ------------------------------------
                                        Title: SVP

                                        BANK OF AMERICA, as a Bank

                                        By: /s/ Kenneth R. Sheldon
                                            ------------------------------------
                                        Title: SVP

<PAGE>

                                    Exhibit A

                           Form of Revolving Loan Note

<PAGE>

                                    Exhibit B

                             Form of Term Loan Note

<PAGE>

                                    Exhibit C

                         Form of Compliance Certificate

<PAGE>

                                    Exhibit D

             Form of Second Amended and Restated Security Agreement

<PAGE>

                                    Exhibit E

                       Form of Borrowing Base Certificate

<PAGE>

                                    Exhibit F

                                Form of Guaranty

<PAGE>

                                    Exhibit G

                Form of LaSalle Master Letter of Credit Agreement

<PAGE>

                                    Exhibit H

     Form of First Amendment to Amended and Restated Reimbursement Agreement

<PAGE>

                                PRICING SCHEDULE

     The LIBOR Margin, the Base Rate Margin, the Non-Use Fee Rate and the LC Fee
Rate shall be determined as set forth below. As of the date hereof, the
applicable rates shall be at the "Tier I" level referenced below until the next
Adjustment Date.

     The LIBOR Margin, the Base Rate Margin, the Non-Use Fee Rate and the LC Fee
Rate shall be equal to the applicable rate per annum set forth in the table
below opposite the applicable Total Debt to Adjusted EBITDA Ratio:

<TABLE>
<CAPTION>
                        TOTAL DEBT              LIBOR   BASE RATE    NON-USE   LC FEE
TIERS            TO ADJUSTED EBITDA RATIO      MARGIN    MARGIN     FEE RATE    RATE
-----      ---------------------------------   ------   ---------   --------   ------
<S>        <C>                                 <C>      <C>         <C>        <C>
Tier IV    Greater than 2.50:1                  2.00%      .25%       .375%     2.00%
Tier III   Greater than 2.00:1 but less than
           or equal to 2.50:1                   1.75%        0%        .25%     1.75%
Tier II    Greater than 1.50 to 1.00 but
           less than or equal to 2.00:1         1.50%        0%        .25%     1.50%
Tier I     Less than or equal to 1.50:1         1.25%        0%        .25%     1.25%
</TABLE>

     The LIBOR Margin, the Base Rate Margin, the Non-Use Fee Rate and the LC Fee
Rate shall be adjusted, to the extent applicable, on the 45th day or, in the
case of the last Fiscal Quarter of each Fiscal Year, the 120th day after the end
of each Fiscal Quarter (each such date, an "Adjustment Date"), retroactively to
the first day of such Fiscal Quarter, based on the Total Debt to Adjusted EBITDA
Ratio as of the last day of such Fiscal Quarter; it being understood that if the
Company fails to deliver the financial statements required by Section 10.1.1 or
10.1.2, as applicable, and the related Compliance Certificate, required by
Section 10.1.3 by the 45th day (or, if applicable, the 120th day) after any
Fiscal Quarter, the LIBOR Margin shall be 2.00%, the Base Rate Margin shall be
..25%, the Non-Use Fee Rate shall be .375% and the LC Fee Rate shall be 2.00%
until such financial statements and Compliance Certificate are delivered.
Notwithstanding the foregoing, no reduction to the foregoing interest rate
margins or fee rates shall become effective at any time when an Event of Default
or Unmatured Event of Default has occurred and is continuing.

<PAGE>

                                  Schedule 2.1

                            BANKS AND PRO RATA SHARES

<TABLE>
<CAPTION>
                                      Revolving Loan    Pro Rata    Term Loan   Pro Rata
               Bank                 Commitment Amount     Share     Commitment     Share
               ----                 -----------------   --------   -----------   --------
<S>                                 <C>                 <C>         <C>          <C>
LaSalle Bank National Association      $14,000,000       50.00%    $ 5,000,000    50.00%
Bank of America                        $14,000,000       50.00%    $ 5,000,000    50.00%
                                       -----------       -----     -----------    -----
   TOTALS                              $28,000,000         100%    $10,000,000      100%
                                       ===========       =====     ===========    =====
</TABLE><PAGE>
                                                                    EXHIBIT 10.1

                                                                  EXECUTION COPY
================================================================================
                                      Published CUSIP Number: [________________]

                                CREDIT AGREEMENT
                            Dated as of May 22, 2007
                                      among
                           WRIGHT EXPRESS CORPORATION,
                                as the Borrower,
                             BANK OF AMERICA, N.A.,
                   as Administrative Agent, Swing Line Lender
                                       and
                                   L/C Issuer,
                                       and
                         The Other Lenders Party Hereto

                         BANC OF AMERICA SECURITIES LLC
                                       and
           SUNTRUST ROBINSON HUMPHREY, A DIVISION OF SUNTRUST CAPITAL
                                 MARKETS, INC.,
                                       as
                  Joint Lead Arrangers and Joint Book Managers

                              SUNTRUST BANK, INC.,
                                       as
                                Syndication Agent

                              BMO CAPITAL MARKETS,
                          KEYBANK NATIONAL ASSOCIATION
                                       and
                               TD BANKNORTH, N.A.,
                                       as
                             Co-Documentation Agents

================================================================================

<PAGE>

                               TABLE OF CONTENTS

<TABLE>
<CAPTION>
                                                                     PAGE
                                                                     -----
<S>                                                                  <C>
ARTICLE   I. DEFINITIONS AND ACCOUNTING TERMS......................     1
       1.01. Defined Terms.........................................     1
       1.02. Other Interpretive Provisions.........................    22
       1.03. Accounting Terms......................................    23
       1.04. Rounding..............................................    23
       1.05. Times of Day..........................................    23
       1.06. Letter of Credit Amounts..............................    23

ARTICLE  II. THE COMMITMENTS AND CREDIT EXTENSIONS.................    24
       2.01. Revolving Loans.......................................    24
       2.02. Borrowings, Conversions and Continuations of Revolving
             Loans.................................................    24
       2.03. Letters of Credit.....................................    25
       2.04. Swing Line Loans......................................    34
       2.05. Prepayments...........................................    36
       2.06. Termination or Reduction of Commitments...............    37
       2.07. Repayment of Loans....................................    38
       2.08. Interest..............................................    38
       2.09. Fees..................................................    38
       2.10. Computation of Interest and Fees; Retroactive
             Adjustments of Applicable Rate........................    39
       2.11. Evidence of Debt......................................    40
       2.12. Payments Generally; Administrative Agent's Clawback...    40
       2.13. Sharing of Payments by Lenders........................    42
       2.14. Increase in Commitments...............................    43

ARTICLE III. TAXES, YIELD PROTECTION AND ILLEGALITY................    44
       3.01. Taxes.................................................    44
       3.02. Illegality............................................    46
       3.03. Inability to Determine Rates..........................    46
       3.04. Increased Costs; Reserves on Eurodollar Rate Loans....    47
       3.05. Compensation for Losses...............................    48
       3.06. Mitigation Obligations; Replacement of Lenders........    49
       3.07. Survival..............................................    49

ARTICLE  IV. CONDITIONS PRECEDENT TO CREDIT EXTENSIONS.............    49
       4.01. Conditions of Initial Credit Extension................    49
       4.02. Conditions to all Credit Extensions...................    51

ARTICLE   V. REPRESENTATIONS AND WARRANTIES........................    52
       5.01. Existence, Qualification and Power....................    52
       5.02. Authorization; No Contravention.......................    52
       5.03. Governmental Authorization; Other Consents............    52
       5.04. Binding Effect........................................    52
       5.05. Financial Statements; No Material Adverse Effect......    53
       5.06. Litigation............................................    53
       5.07. No Default............................................    53
       5.08. Ownership of Property; Liens..........................    54
       5.09. Environmental Compliance..............................    54
       5.10. Insurance.............................................    54
       5.11. Taxes.................................................    54
       5.12. ERISA Compliance......................................    54
</TABLE>

                                      -i-
<PAGE>

                               TABLE OF CONTENTS
                                  (continued)

<TABLE>
<CAPTION>
                                                                     PAGE
                                                                     -----
<S>                                                                  <C>
        5.13. Subsidiaries; Equity Interests........................   55
        5.14. Margin Regulations; Investment Company Act............   55
        5.15. Disclosure............................................   55
        5.16. Compliance with Laws..................................   56
        5.17. Taxpayer Identification Number........................   56
        5.18. Intellectual Property; Licenses, Etc..................   56
        5.19. Solvency..............................................   56

ARTICLE   VI. AFFIRMATIVE COVENANTS.................................   56
        6.01. Financial Statements..................................   56
        6.02. Certificates; Other Information.......................   58
        6.03. Notices...............................................   59
        6.04. Payment of Obligations................................   60
        6.05. Preservation of Existence, Etc........................   60
        6.06. Maintenance of Properties.............................   60
        6.07. Maintenance of Insurance..............................   60
        6.08. Compliance with Laws..................................   60
        6.09. Books and Records.....................................   60
        6.10. Inspection Rights.....................................   61
        6.11. Use of Proceeds.......................................   61
        6.12. Additional Guarantors.................................   61
        6.13. Compliance with Regulatory Requirements...............   61

ARTICLE  VII. NEGATIVE COVENANTS....................................   61
        7.01. Liens.................................................   62
        7.02. Investments...........................................   63
        7.03. Indebtedness..........................................   65
        7.04. Fundamental Changes...................................   67
        7.05. Dispositions..........................................   67
        7.06. Restricted Payments...................................   68
        7.07. Change in Nature of Business..........................   69
        7.08. Transactions with Affiliates..........................   69
        7.09. Burdensome Agreements.................................   69
        7.10. Use of Proceeds.......................................   70
        7.11. Financial Covenants...................................   70
        7.12. Sale and Leasebacks...................................   70
        7.13. Accounting Changes....................................   70
        7.14. Tax Receivable Agreement..............................   70
        7.15. Amendments............................................   70

ARTICLE VIII. EVENTS OF DEFAULT AND REMEDIES........................   70
        8.01. Events of Default.....................................   70
        8.02. Remedies Upon Event of Default........................   72
        8.03. Application of Funds..................................   73
</TABLE>

                                      -ii-
<PAGE>

                               TABLE OF CONTENTS
                                  (continued)

<TABLE>
<CAPTION>
                                                                       PAGE
                                                                       -----
<S>                                                                    <C>
ARTICLE  IX. ADMINISTRATIVE AGENT.....................................   74
       9.01. Appointment and Authority................................   74
       9.02. Rights as a Lender.......................................   74
       9.03. Exculpatory Provisions...................................   74
       9.04. Reliance by Administrative Agent.........................   75
       9.05. Delegation of Duties.....................................   76
       9.06. Resignation of Administrative Agent......................   76
       9.07. Non-Reliance on Administrative Agent and Other Lenders...   77
       9.08. No Other Duties, Etc.....................................   77
       9.09. Administrative Agent May File Proofs of Claim............   77
       9.10. Guaranty Matters.........................................   78

ARTICLE   X. MISCELLANEOUS............................................   78
      10.01. Amendments, Etc..........................................   78
      10.02. Notices; Effectiveness; Electronic Communication.........   79
      10.03. No Waiver; Cumulative Remedies...........................   81
      10.04. Expenses; Indemnity; Damage Waiver.......................   81
      10.05. Payments Set Aside.......................................   83
      10.06. Successors and Assigns...................................   84
      10.07. Treatment of Certain Information; Confidentiality........   88
      10.08. Right of Setoff..........................................   89
      10.09. Interest Rate Limitation.................................   89
      10.10. Counterparts; Integration; Effectiveness.................   90
      10.11. Survival of Representations and Warranties...............   90
      10.12. Severability.............................................   90
      10.13. Replacement of Lenders...................................   90
      10.14. Governing Law; Jurisdiction; Etc.........................   91
      10.15. Waiver of Jury Trial.....................................   92
      10.16. No Advisory or Fiduciary Responsibility..................   93
      10.17. USA PATRIOT Act Notice...................................   93
</TABLE>

                                      -iii-
<PAGE>

SCHEDULES
      2.01    Commitments and Applicable Percentages
      5.05    Supplement to Interim Financial Statements
      5.13    Subsidiaries; Other Equity Investments
      7.01    Existing Liens
      7.02    Existing Investments
      7.03    Existing Indebtedness
      7.09    Certain Restrictions
      10.02   Administrative Agent's Office; Certain Addresses for Notices

EXHIBITS
      FORM OF
      A    Revolving Loan Notice
      B    Swing Line Loan Notice
      C    Note
      D    Compliance Certificate
      E    Assignment and Assumption
      F    Guaranty
      G    Opinion
      H    Solvency Certificate

<PAGE>

                                CREDIT AGREEMENT

This CREDIT AGREEMENT ("Agreement") is entered into as of May 22, 2007, among
WRIGHT EXPRESS CORPORATION, a Delaware corporation (the "Borrower"), each lender
from time to time party hereto (collectively, the "Lenders" and individually, a
"Lender"), and BANK OF AMERICA, N.A., as Administrative Agent, Swing Line Lender
and L/C Issuer, SUNTRUST BANK, INC., as Syndication Agent and BMO Capital
Markets, KeyBank National Association and TD Banknorth, N.A., as
Co-Documentation Agents.

The Borrower has requested that the Lenders provide a revolving credit facility,
and the Lenders are willing to do so on the terms and conditions set forth
herein.

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

                                  ARTICLE I.
                        DEFINITIONS AND ACCOUNTING TERMS

1.01. DEFINED TERMS. As used in this Agreement, the following terms shall have
the meanings set forth below:

"Acquisition" means (a) an investment (through the acquisition of Equity
Interests or otherwise) by the Borrower or any Subsidiary in any other Person
pursuant to which such Person shall become a Subsidiary or shall be merged with
or into the Borrower or any Subsidiary, or (b) the acquisition (by purchase,
merger, consolidation or otherwise) by the Borrower or any Subsidiary of the
assets of any Person which constitute all or substantially all of the assets of
such Person or any division or line of business of such Person.

"Administrative Agent" means Bank of America in its capacity as administrative
agent under any of the Loan Documents, or any successor administrative agent.

"Administrative Agent's Office" means the Administrative Agent's address and, as
appropriate, account as set forth on Schedule 10.02, or such other address or
account as the Administrative Agent may from time to time notify to the Borrower
and the Lenders.

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

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

"Aggregate Commitments" means the Commitments of all the Lenders.

"Agreement" means this Credit Agreement.

"Applicable Percentage" means with respect to any Lender at any time, the
percentage (carried out to the ninth decimal place) of the Aggregate Commitments
represented by such Lender's Commitment at such time. If the commitment of each
Lender to make Loans and the obligation of the L/C Issuer to make L/C Credit
Extensions have been terminated pursuant to Section 8.02 or if the Aggregate
Commitments have expired, then the Applicable Percentage of each Lender shall be
determined based on the Applicable Percentage of such Lender most recently in
effect, giving effect to any subsequent assignments. The initial Applicable
Percentage of each Lender is set forth opposite the name of such Lender on
Schedule 2.01 or in the Assignment and Assumption pursuant to which such Lender
becomes a party hereto, as applicable.

"Applicable Rate" means, with respect to any Base Rate Loan or Eurodollar Rate
Loan, or with respect to Letter of Credit Fees and Commitment Fees payable
hereunder, the following percentages per annum set forth below under the caption
"Base Rate Loans", "Eurodollar Rate Loans", "Letter of Credit Fee" or
"Commitment Fee", as the case may be, based upon the

<PAGE>

Consolidated Leverage Ratio as set forth in the most recent Compliance
Certificate received by the Administrative Agent pursuant to Section 6.02(b):

                                 Applicable Rate
<TABLE>
<CAPTION>
                                                            Letter
                                               Eurodollar     of
  Pricing        Consolidated      Base Rate      Rate       Credit   Commitment
   Level        Leverage Ratio       Loans       Loans        Fee       Fee
-----------   ------------------   ---------   ----------   -------   ----------
<S>           <C>                  <C>         <C>          <C>       <C>
     1         <1.00 to 1.00         0.000%     0.450%      0.450%     0.100%
     2         > or = 1.00:1 but     0.000%     0.575%      0.575%     0.125%
                <1.50:1.00
     3         > or = 1.50:1 but     0.000%     0.700%      0.700%     0.150%
                <2.00:1.00
     4         > or = 2.00:1 but     0.000%     0.875%      0.875%     0.175%
                <2.50:1.00
     5         > or = 2.50:1         0.125%     1.125%      1.125%     0.200%
</TABLE>

Any increase or decrease in the Applicable Rate resulting from a change in the
Consolidated Leverage Ratio shall become effective as of the first Business Day
immediately following the date a Compliance Certificate is delivered pursuant to
Section 6.02(b); provided, however, that if a Compliance Certificate is not
delivered when due in accordance with such Section, then Pricing Level 5 shall
apply as of the first Business Day after the date on which such Compliance
Certificate was required to have been delivered. The Applicable Rate in effect
from the Closing Date through the date on which a Compliance Certificate is
delivered for the fiscal quarter ending September 30, 2007 shall be determined
based upon Pricing Level 3; provided, further, that during (and commencing on
the first day of) any Step-Up Period, the Applicable Rate shall be (a) with
respect to Base Rate Loans, 0.375%, (b) with respect to Eurodollar Loans and the
Letter of Credit Fee, 1.375%, and (c) with respect to the Commitment Fee,
0.250%.

Notwithstanding anything to the contrary contained in this definition, the
determination of the Applicable Rate for any period shall be subject to the
provisions of Section 2.10(b).

"Approved Fund" means any Fund 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, collectively, Banc of America Securities LLC and SunTrust
Robinson Humphrey, a division of SunTrust Capital Markets, Inc., in their
capacities as joint lead arrangers and joint book managers.

"Assignee Group" means two or more Eligible Assignees that are Affiliates of one
another or two or more Approved Funds managed by the same investment advisor.

"Assignment and Assumption" means an assignment and assumption entered into by a
Lender and an assignee (with the consent of any party whose consent is required
by Section 10.06(b)), and accepted by the Administrative Agent, in substantially
the form of Exhibit E or any other form approved by the Administrative Agent.

"Attributable Indebtedness" means, on any date, (a) in respect of any capital
lease of any Person, the capitalized amount thereof that would appear on a
balance sheet of such Person prepared as of such date in accordance with GAAP,
and (b) in respect of any Synthetic Lease Obligation, the capitalized amount of
the remaining lease payments under the relevant lease that would appear on a
balance sheet of such Person prepared as of such date in accordance with GAAP if
such lease were accounted for as a capital lease.

                                       2
<PAGE>

"Audited Financial Statements" means the audited consolidated balance sheet of
the Borrower and its Subsidiaries for the fiscal year ended December 31, 2006
and the related consolidated statements of income or operations, shareholders'
equity and cash flows for such fiscal year of the Borrower and its Subsidiaries,
including the notes thereto.

"Availability Period" means the period from and including the Closing Date to
the earliest of (a) the Maturity Date, (b) the date of termination of the
Aggregate Commitments pursuant to Section 2.06, and (c) the date of termination
of the commitment of each Lender to make Loans and of the obligation of the L/C
Issuer to make L/C Credit Extensions pursuant to Section 8.02.

"Bank of America" means Bank of America, N.A. and its successors.

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

"Base Rate Revolving Loan" means a Revolving Loan that is a Base Rate Loan.

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

"Borrower" has the meaning specified in the introductory paragraph hereto.

"Borrower Materials" has the meaning specified in Section 6.02.

"Borrowing" means a Revolving Borrowing or a Swing Line Borrowing, as the
context may require.

"Business Day" means any day other than a Saturday, Sunday or other day on which
commercial banks are authorized to close under the Laws of, or are in fact
closed in, the state where the Administrative Agent's Office is located and, if
such day relates to any Eurodollar Rate Loan, means any such day on which
dealings in Dollar deposits are conducted by and between banks in the London
interbank eurodollar market.

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

"Cash Equivalents" means, as to any Person, (a) securities issued, or directly,
unconditionally and fully guaranteed or insured, by the United States or any
agency or instrumentality thereof having maturities of not more than one year
from the date of acquisition by such Person; (b) time deposits, certificates of
deposit and bankers' acceptances of any Lender or any commercial bank, or which
is the principal banking subsidiary of a bank holding company, in each case,
organized under the laws of the United States, any state thereof or the District
of Columbia having, capital and surplus aggregating in excess of $500 million
with maturities of not more than one year from the date of acquisition by such
Person; (c) repurchase obligations with a term of not more than 30 days for
underlying securities of the types described in clause (a) above entered into
with any bank meeting the qualifications specified in clause (b) above, which
repurchase obligations are secured by a valid perfected security interest in the
underlying securities; (d) commercial paper issued by any Person incorporated in
the United States rated at least A-1 or the equivalent thereof by S&P or at
least P-1 or the equivalent thereof by Moody's and in each case maturing not
more than one year after the date of acquisition by such Person; (e) direct
obligations issued by any state of the United States or any political
subdivision thereof having one of the two highest rating categories obtainable
from either S&P or Moody's with maturities of not more than one year from the
date of acquisition thereof; (f) demand deposit accounts maintained in the
ordinary course of business; (g) investments in money market funds (i)
substantially all of whose assets are comprised of securities of the types
described in clauses (a) through (f) above, (ii) are rated AAA by S&P and Aaa by
Moody's and (iii) have portfolio assets of at least $5,000,000.

                                       3
<PAGE>

"Change in Law" means the occurrence, after the date of this Agreement, of any
of the following: (a) the adoption or taking effect of any law, rule, regulation
or treaty, (b) any change in any law, rule, regulation or treaty or in the
administration, interpretation or application thereof by any Governmental
Authority or (c) the making or issuance of any request, guideline or directive
(whether or not having the force of law) by any Governmental Authority.

"Change of Control" means an event or series of events by which:

      (a) any "person" or "group" (as such terms are used in Sections 13(d) and
14(d) of the Securities Exchange Act of 1934, but excluding any employee benefit
plan of such person or its subsidiaries, and any person or entity acting in its
capacity as trustee, agent or other fiduciary or administrator of any such plan)
becomes the "beneficial owner" (as defined in Rules 13d-3 and 13d-5 under the
Securities Exchange Act of 1934, except that a person or group shall be deemed
to have "beneficial ownership" of all securities that such person or group has
the right to acquire, whether such right is exercisable immediately or only
after the passage of time (such right, an "option right")), directly or
indirectly, of 30% or more of the equity securities of the Borrower entitled to
vote for members of the board of directors or equivalent governing body of the
Borrower on a fully-diluted basis (and taking into account all such securities
that such person or group has the right to acquire pursuant to any option
right);

      (b) a majority of the seats (other than vacant seats) on the board of
directors of the Borrower shall be occupied by Persons who were neither (i)
nominated by the board of directors of the Borrower nor (ii) appointed by
directors so nominated; or

      (c) any "change of control" or similar event, however characterized, shall
occur under any document governing any Indebtedness of the Borrower or any
Material Subsidiary having a principal amount equal to or greater than the
Threshold Amount if, as a consequence of such change of control or similar
event, the holders of such Indebtedness have the right whether or not exercised,
to cause the Borrower or any Material Subsidiary to redeem, prepay, repurchase
or make any other payment in respect of such Indebtedness.

"Closing Date" means the first date all the conditions precedent in Section 4.01
are satisfied or waived in accordance with Section 10.01.

"Co-Documentation Agents" means BMO Capital Markets, KeyBank National
Association and TD Banknorth, N.A., in their capacities as co-documentation
agents under any of the Loan Documents.

"Code" means the Internal Revenue Code of 1986.

"Commitment" means, as to each Lender, its obligation to (a) make Revolving
Loans to the Borrower pursuant to Section 2.01, (b) purchase participations in
L/C Obligations, and (c) purchase participations in Swing Line Loans, in an
aggregate principal amount at any one time outstanding not to exceed the amount
set forth opposite such Lender's name on Schedule 2.01 or in the Assignment and
Assumption pursuant to which such Lender becomes a party hereto, as applicable,
as such amount may be adjusted from time to time in accordance with this
Agreement.

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

"Consolidated EBIT" means, for any period, an amount equal to Consolidated
EBITDA minus depreciation and amortization expense (to the extent added back in
the calculation of Consolidated EBITDA).

                                       4
<PAGE>

"Consolidated EBITDA" means, for any period, Consolidated Net Income after
eliminating extraordinary gains and losses, and unusual items, (a) plus, without
duplication (and to the extent deducted in calculating such Consolidated Net
Income), (i) income tax expense, (ii) depreciation and amortization expense,
(iii) Consolidated Interest Charges, (iv) other non-cash charges, and (v)
non-recurring charges or expenses incurred as transaction costs in connection
with Permitted Acquisitions, and (b) minus, without duplication, any
non-recurring cash income or gain to the extent included in the computation of
Consolidated Net Income for such period; provided that for purposes of
determining "Consolidated EBITDA" any unrealized non-cash gains (and losses)
arising in connection with any Swap Contracts shall be excluded (or included) to
the extent such unrealized non-cash gains (or losses) were included (or
excluded) in the computation of Consolidated Net Income.

In addition to, and without limitation of, the foregoing, for purposes of this
definition, "Consolidated EBITDA" shall be calculated on each date of
determination after giving effect on a Pro forma Basis for the period of such
calculation to any EBITDA attributable to any Material Acquisition or Material
Disposition during the applicable period, as if such Material Acquisition or
Material Disposition occurred on the first day of the applicable period. As used
in this definition, "Material Acquisition" means any Acquisition that involves
the payment of consideration by the Borrower and its Subsidiaries in excess of
$1,000,000; and "Material Disposition" means any Disposition of property or
series of related Dispositions of property that yields gross proceeds to the
Borrower and its Subsidiaries in excess of $1,000,000.

"Consolidated Funded Indebtedness" means, as of any date of determination, for
the Borrower and its Subsidiaries on a consolidated basis, but without
duplication, the sum of (a) the outstanding principal amount of all obligations,
whether current or long-term, for borrowed money (including Obligations
hereunder) and all obligations evidenced by bonds, debentures, notes, loan
agreements or other similar instruments, (b) all purchase money Indebtedness,
(c) all direct obligations arising under letters of credit (including standby
and commercial), bankers' acceptances, bank guaranties, surety bonds and similar
instruments, but only to the extent includable as a liability on the
consolidated balance sheet of the Borrower and its Subsidiaries as of such date,
(d) all obligations in respect of the deferred purchase price of property or
services (other than trade accounts payable in the ordinary course of business),
(e) Attributable Indebtedness in respect of capital leases and Synthetic Lease
Obligations, (f) all obligations of such Person in respect of Disqualified
Stock, (g) without duplication, all Guarantees with respect to outstanding
Indebtedness of the types specified in clauses (a) through (f) above of Persons
other than the Borrower or any Subsidiary, and (h) all Indebtedness of the types
referred to in clauses (a) through (g) above of any partnership or joint venture
(other than a joint venture that is itself a corporation or limited liability
company) in which the Borrower or a Subsidiary is a general partner or joint
venturer, unless such Indebtedness is expressly made non-recourse to the
Borrower or such Subsidiary. For the purposes of this definition, Consolidated
Funded Indebtedness shall not include Operating Indebtedness.

"Consolidated Interest Charges" means, for any period, the sum, for the Borrower
and its consolidated Subsidiaries (determined in accordance with GAAP), of all
interest in respect of Consolidated Funded Indebtedness (including, without
limitation, the interest component of any payments in respect of capital lease
obligations but excluding any capitalized financing costs) accrued during such
period (whether or not actually paid during such period).

"Consolidated Interest Coverage Ratio" means, as of any date of determination,
the ratio of (a) Consolidated EBIT for the period of four prior fiscal quarters
ending on such date to (b) Consolidated Interest Charges for such period;
provided that for purposes of this definition Consolidated Interest Charges
shall not include any Operating Interest Expense.

                                       5
<PAGE>

"Consolidated Leverage Ratio" means, as of any date of determination, the ratio
of (a) Consolidated Funded Indebtedness as of such date to (b) Consolidated
EBITDA for the period of four fiscal quarters most recently ended.

"Consolidated Net Income" means, for any period, for the Borrower and its
Subsidiaries on a consolidated basis, the net income of the Borrower and its
Subsidiaries for that period, determined on a consolidated basis in accordance
with GAAP.

"Consolidated Net Worth" means, as of any date of determination, all items which
in conformity with GAAP would be included under shareholder's equity on a
consolidated balance sheet of the Borrower and its Subsidiaries at such date.

"Consolidated Total Assets" means, as of any date of determination, the total
assets of the Borrower and its Subsidiaries determined on a consolidated basis
in accordance with GAAP.

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

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

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

"Debtor Relief Laws" means the Bankruptcy Code of the United States, and all
other liquidation, conservatorship, bankruptcy, assignment for the benefit of
creditors, moratorium, rearrangement, receivership, insolvency, reorganization,
or similar debtor relief Laws of the United States or other applicable
jurisdictions from time to time in effect and affecting the rights of creditors
generally.

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

"Default Rate" means (a) when used with respect to Obligations other than Letter
of Credit Fees, an interest rate equal to (i) the Base Rate plus (ii) the
Applicable Rate, if any, applicable to Base Rate Loans plus (iii) 2% per annum;
provided, however, that with respect to a Eurodollar Rate Loan, the Default Rate
shall be an interest rate equal to the interest rate (including any Applicable
Rate) otherwise applicable to such Loan plus 2% per annum, and (b) when used
with respect to Letter of Credit Fees, a rate equal to the Applicable Rate plus
2% per annum.

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

"Disposition" or "Dispose" means the sale, transfer, license, lease or other
disposition (including any sale and leaseback transaction) of any property by
any Person, including any sale, assignment, transfer or other disposal, with or
without recourse, of any notes or accounts receivable or any rights and claims
associated therewith.

                                       6
<PAGE>

"Disqualified Stock" means any Equity Interest which, 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, (a) matures (excluding any
maturity as the result of an optional redemption by the issuer thereof) or is
mandatorily redeemable, pursuant to a sinking fund obligation or otherwise, or
is redeemable at the option of the holder thereof, in whole or in part, on or
prior to the date that is six months following the Maturity Date, (b) is
convertible into or exchangeable (unless at the sole option of the issuer
thereof) for (i) debt securities or (ii) any Equity Interests referred to in (a)
above, in each case at any time on or prior to the date that is six months
following the Maturity Date, or (c) contains any mandatory repurchase obligation
which may come into effect prior to payment in full of all Obligations; provided
that any Equity Interests that would not constitute Disqualified Stock but for
provisions thereof giving holders thereof (or the holders of any security into
or for which such Equity Interests is convertible, exchangeable or exercisable)
the right to require the issuer thereof to redeem such Equity Interests upon the
occurrence of a change in control or an asset sale occurring prior to the date
that is six months following the Maturity Date shall not constitute Disqualified
Stock if such Equity Interests provide that the issuer thereof will not redeem
any such Equity Interests pursuant to such provisions prior to the repayment in
full of the Obligations.

"Dollar" and "$" mean lawful money of the United States.

"Domestic Subsidiary" means any Subsidiary that is organized under the laws of
any political subdivision of the United States.

"Eligible Assignee" means any Person that meets the requirements to be an
assignee under Section 10.06(b)(iii), (v) and (vi) (subject to such consents, if
any, as may be required under Section 10.06(b)(iii)).

"Environmental Laws" means any and all Federal, state, local, and foreign
statutes, laws, regulations, ordinances, rules, judgments, orders, decrees,
permits, concessions, grants, franchises, licenses, agreements issued,
promulgated or entered into by any Governmental Authority or governmental
restrictions relating to pollution and the protection of the environment or the
release of any materials into the environment, including those related to
hazardous substances or wastes, air emissions and discharges to waste or public
systems.

"Environmental Liability" means any liability, contingent or otherwise
(including any liability for damages, costs of environmental remediation, fines,
penalties or indemnities), of the Borrower, any other Loan Party or any of their
respective Subsidiaries directly or indirectly resulting from or based upon (a)
violation of any Environmental Law, (b) the generation, use, handling,
transportation, storage, treatment or disposal of any Hazardous Materials, (c)
exposure to any Hazardous Materials, (d) the release or threatened release of
any Hazardous Materials into the environment or (e) any contract, agreement or
other consensual arrangement pursuant to which liability is assumed or imposed
with respect to any of the foregoing.

"Equity Interests" means, with respect to any Person, all of the shares of
capital stock of (or other ownership or profit interests in) such Person, all of
the warrants, options or other rights for the purchase or acquisition from such
Person of shares of capital stock of (or other ownership or profit interests in)
such Person, all of the securities convertible into or exchangeable for shares
of capital stock of (or other ownership or profit interests in) such Person or
warrants, rights or options for the purchase or acquisition from such Person of
such shares (or such other interests), and all of the other ownership or profit
interests in such Person (including partnership, member or trust interests
therein), whether voting or nonvoting.

                                       7
<PAGE>

"ERISA" means the Employee Retirement Income Security Act of 1974.

"ERISA Affiliate" means any trade or business (whether or not incorporated)
under common control with the Borrower within the meaning of Section 414(b) or
(c) of the Code (and Sections 414(m) and (o) of the Code for purposes of
provisions relating to Section 412 of the Code).

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

"Eurodollar Rate" means, for any Interest Period with respect to a Eurodollar
Rate Loan, the rate per annum equal to the British Bankers Association LIBOR
Rate ("BBA LIBOR"), as published by Reuters (or other commercially available
source providing quotations of BBA LIBOR as designated by the Administrative
Agent from time to time) at approximately 11:00 a.m., London time, two Business
Days prior to the commencement of such Interest Period, for Dollar deposits (for
delivery on the first day of such Interest Period) with a term equivalent to
such Interest Period. If such rate is not available at such time for any reason,
then the "Eurodollar Rate" for such Interest Period shall be the rate per annum
determined by the Administrative Agent to be the rate at which deposits in
Dollars for delivery on the first day of such Interest Period in same day funds
in the approximate amount of the Eurodollar Rate Loan being made, continued or
converted by Bank of America and with a term equivalent to such Interest Period
would be offered by Bank of America's London Branch to major banks in the London
interbank eurodollar market at their request at approximately 11:00 a.m. (London
time) two Business Days prior to the commencement of such Interest Period.

"Eurodollar Rate Loan" means a Revolving Loan that bears interest at a rate
based on the Eurodollar Rate.

"Event of Default" has the meaning specified in Section 8.01.

"Excluded Taxes" means, with respect to the Administrative Agent, any Lender,
the L/C Issuer or any other recipient of any payment to be made by or on account
of any obligation of the Borrower hereunder, (a) taxes imposed on or measured by
its overall net income (however denominated), and franchise taxes imposed on it
(in lieu of net income taxes), by the jurisdiction (or any political subdivision
thereof) under the laws of which such recipient is organized or in which its
principal office is located or, in the case of any Lender, in which its
applicable Lending Office is located, (b) any branch profits taxes imposed by
the United States or any similar tax imposed by any other jurisdiction in which
the Borrower is located and (c) in the case of a Foreign Lender (other than an
assignee pursuant to a request by the Borrower under Section 10.13), any
withholding tax that is imposed on amounts payable to such Foreign Lender

                                       8
<PAGE>

at the time such Foreign Lender becomes a party hereto (or designates a new
Lending Office) or is attributable to such Foreign Lender's failure or inability
(other than as a result of a Change in Law) to comply with Section 3.01(e),
except to the extent that such Foreign Lender was entitled, at the time of
designation of a new Lending Office, to receive additional amounts from the
Borrower with respect to such withholding tax pursuant to Section 3.01(a).

"Existing Credit Agreement" means that certain Credit Agreement dated as of
February 22, 2005, among the Borrower, JPMorgan Chase Bank, N.A., as
administrative agent, and a syndicate of lenders, as amended.

"FDIC" means the Federal Deposit Insurance Corporation.

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

"Fee Letters" means, collectively (i) the letter agreement dated April 13, 2007,
among Borrower, and Bank of America, N.A. as an Arranger, and (ii) the letter
agreement, dated April 13, 2007, between the Borrower, the Syndication Agent,
and SunTrust Bank, Inc., as an Arranger.

"Foreign Lender" means any Lender that is organized under the laws of a
jurisdiction other than that in which the Borrower is resident for tax purposes.
For purposes of this definition, the United States, each State thereof and the
District of Columbia shall be deemed to constitute a single jurisdiction.

"Foreign Subsidiary" means any Subsidiary of the Borrower other than a Domestic
Subsidiary.

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

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

"GAAP" means generally accepted accounting principles in the United States set
forth in the opinions and pronouncements of the Accounting Principles Board and
the American Institute of Certified Public Accountants and statements and
pronouncements of the Financial Accounting Standards Board or such other
principles as may be approved by a significant segment of the accounting
profession in the United States, that are applicable to the circumstances as of
the date of determination, consistently applied.

"Governmental Authority" means the government of the United States or any other
nation, or of any political subdivision thereof, whether state or local, and any
agency, authority, instrumentality, regulatory body, court, central bank or
other entity exercising executive, legislative, judicial, taxing, regulatory or
administrative powers or functions of or pertaining to government (including any
supra-national bodies such as the European Union or the European Central Bank).

"Guarantee" means, as to any Person, any (a) any obligation, contingent or
otherwise, of such Person guaranteeing or having the economic effect of
guaranteeing any Indebtedness or other obligation payable or performable by
another Person (the "primary obligor") in any manner,

                                       9
<PAGE>

whether directly or indirectly, and including any obligation of such Person,
direct or indirect, (i) to purchase or pay (or advance or supply funds for the
purchase or payment of) such Indebtedness or other obligation, (ii) to purchase
or lease property, securities or services for the purpose of assuring the
obligee in respect of such Indebtedness or other obligation of the payment or
performance of such Indebtedness or other obligation, (iii) to maintain working
capital, equity capital or any other financial statement condition or liquidity
or level of income or cash flow of the primary obligor so as to enable the
primary obligor to pay such Indebtedness or other obligation, or (iv) entered
into for the purpose of assuring in any other manner the obligee in respect of
such Indebtedness or other obligation of the payment or performance thereof or
to protect such obligee against loss in respect thereof (in whole or in part),
or (b) any Lien on any assets of such Person securing any Indebtedness or other
obligation of any other Person, whether or not such Indebtedness or other
obligation is assumed by such Person (or any right, contingent or otherwise, of
any holder of such Indebtedness to obtain any such Lien). The amount of any
Guarantee shall be deemed to be an amount equal to the stated or determinable
amount of the related primary obligation, or portion thereof, in respect of
which such Guarantee is made or, if not stated or determinable, the maximum
reasonably anticipated liability in respect thereof as determined by the
guaranteeing Person in good faith. The term "Guarantee" as a verb has a
corresponding meaning.

"Guaranty" means the Guaranty made by the Subsidiary Guarantors in favor of the
Administrative Agent and the Lenders, substantially in the form of Exhibit F.

"Hazardous Materials" means all explosive or radioactive substances or wastes
and all hazardous or toxic substances, wastes or other pollutants, including
petroleum or petroleum distillates, asbestos or asbestos-containing materials,
polychlorinated biphenyls, radon gas, infectious or medical wastes and all other
substances or wastes of any nature regulated pursuant to any Environmental Law.

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

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

      (b) all direct or contingent obligations of such Person arising under
letters of credit (including standby and commercial), bankers' acceptances, bank
guaranties, surety bonds and similar instruments;

      (c) net obligations of such Person under any Swap Contract;

      (d) all obligations of such Person to pay the deferred purchase price of
property or services (other than trade accounts payable in the ordinary course
of business and, in each case, maturing within 365 days after the incurrence
thereof which are not overdue for a period of more than 180 days and, if overdue
for more than 180 days, as to which a dispute exists and adequate reserves in
accordance with GAAP have been established on the books of such Person);

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

      (f) capital leases and Synthetic Lease Obligations;

      (g) all obligations of such Person in respect of Disqualified Stock;
and

      (h) all Guarantees of such Person in respect of any of the foregoing.

                                       10
<PAGE>

For all purposes hereof, the Indebtedness of any Person shall include the
Indebtedness of any partnership or joint venture (other than a joint venture
that is itself a corporation or limited liability company) in which such Person
is a general partner or a joint venturer, unless such Indebtedness is expressly
made non-recourse to such Person. The amount of any capital lease or Synthetic
Lease Obligation as of any date shall be deemed to be the amount of Attributable
Indebtedness in respect thereof as of such date.

"Indemnified Taxes" means Taxes other than Excluded Taxes.

"Indemnitees" has the meaning specified in Section 10.04(b).

"Information" has the meaning specified in Section 10.07.

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

"Interest Period" means, as to each Eurodollar Rate Loan, the period commencing
on the date such Eurodollar Rate Loan is disbursed or converted to or continued
as a Eurodollar Rate Loan and ending on the date seven days or one, two, three
or six months thereafter, as selected by the Borrower in its Revolving Loan
Notice or such other period that is twelve months or less requested by the
Borrower and consented to by all the Lenders, subject to availability; provided
that:

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

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

      (c) no Interest Period shall extend beyond the Maturity Date.

"Investment" means, as to any Person, any direct or indirect acquisition or
investment by such Person, whether by means of (a) the purchase or other
acquisition of capital stock or other securities of another Person, (b) a loan,
advance or capital contribution to, Guarantee or assumption of debt of, or
purchase or other acquisition of any other debt or equity participation or
interest in, another Person, including any partnership or joint venture interest
in such other Person and any arrangement pursuant to which the investor
Guarantees Indebtedness of such other Person, or (c) the purchase or other
acquisition (in one transaction or a series of transactions) of assets of
another Person that constitute a business unit. For purposes of covenant
compliance, the amount of any Investment shall be the amount actually invested,
without adjustment for subsequent increases or decreases in the value of such
Investment.

"IP Rights" has the meaning specified in Section 5.18.

"IRS" means the United States Internal Revenue Service.

"ISP" means, with respect to any Letter of Credit, the "International Standby
Practices 1998" published by the Institute of International Banking Law &
Practice, Inc. (or such later version thereof as may be in effect at the time of
issuance).

                                       11
<PAGE>

"Issuer Documents" means with respect to any Letter of Credit, the Letter of
Credit Application, and any other document, agreement and instrument entered
into by the L/C Issuer and the Borrower (or any Subsidiary) or in favor of the
L/C Issuer and relating to such Letter of Credit.

"Key Bank LC" means Letter of Credit No. S301937 issued by Key Bank National
Association for the account of the Borrower in a face amount of $2,100,000
(which face amount may not be increased without the consent of the Required
Lenders).

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

"L/C Advance" means, with respect to each Lender, such Lender's funding of its
participation in any L/C Borrowing in accordance with its Applicable Percentage.

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

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

"L/C Issuer" means Bank of America in its capacity as issuer of Letters of
Credit hereunder, or any successor issuer of Letters of Credit hereunder.

"L/C Obligations" means, as at any date of determination, the aggregate amount
available to be drawn under all outstanding Letters of Credit plus the aggregate
of all Unreimbursed Amounts, including all L/C Borrowings. For purposes of
computing the amount available to be drawn under any Letter of Credit, the
amount of such Letter of Credit shall be determined in accordance with Section
1.06. For all purposes of this Agreement, if on any date of determination a
Letter of Credit has expired by its terms but any amount may still be drawn
thereunder by reason of the operation of Rule 3.14 of the ISP, such Letter of
Credit shall be deemed to be "outstanding" in the amount so remaining available
to be drawn.

"Lender" has the meaning specified in the introductory paragraph hereto and, as
the context requires, includes the Swing Line Lender.

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

"Letter of Credit" means any standby letter of credit issued hereunder.

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

"Letter of Credit Expiration Date" means the day that is seven days prior to the
Maturity Date then in effect (or, if such day is not a Business Day, the next
preceding Business Day).

"Letter of Credit Fee" has the meaning specified in Section 2.03(i).

"Letter of Credit Sublimit" means an amount equal to $100,000,000. The Letter of
Credit Sublimit is part of, and not in addition to, the Aggregate Commitments.

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

                                       12
<PAGE>

"Loan" means an extension of credit by a Lender to the Borrower under Article II
in the form of a Revolving Loan or a Swing Line Loan.

"Loan Documents" means this Agreement, each Note, each Issuer Document, the Fee
Letters, and the Guaranty.

"Loan Parties" means, collectively, the Borrower and each Subsidiary Guarantor.

"Material Acquisition" has the meaning specified in the definition of
"Consolidated EBITDA".

"Material Adverse Effect" means (a) a material adverse change in, or a material
adverse effect upon, the operations, business, properties, or financial
condition of the Borrower or the Borrower and its Subsidiaries taken as a whole;
(b) a material impairment of the rights and remedies of the Administrative Agent
or any Lender under any Loan Document or the ability of the Loan Parties, taken
as whole, to perform their obligations under the Loan Documents; or (c) a
material adverse effect upon the legality, validity, binding effect or
enforceability against any Loan Party of any Loan Document to which it is a
party.

"Material Disposition" has the meaning specified in the definition of
"Consolidated EBITDA".

"Material Subsidiary" means each Subsidiary other than any Subsidiary that,
together with its subsidiaries as of any date of determination, accounts for no
more than 5% of Consolidated Total Assets, 5% of Consolidated Net Worth or 5% of
the consolidated revenues of the Borrower for the period of four consecutive
fiscal quarters immediately preceding such date of determination; provided that
for purposes of Sections 7.01, 7.02 and 7.03, WEX Bank shall not be deemed a
Material Subsidiary.

"Maturity Date" means May 22, 2012; provided, however, that if such date is not
a Business Day, the Maturity Date shall be the next preceding Business Day.

"Moody's" means Moody's Investors Services, Inc. and any successor thereto.

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

"Non-Consenting Lender" has the meaning specified in Section 10.13.

"Note" means a promissory note made by the Borrower in favor of a Lender
evidencing Loans made by such Lender, substantially in the form of Exhibit C.

"Obligations" means all advances to, and debts, liabilities, obligations,
covenants and duties of, any Loan Party arising under any Loan Document or
otherwise with respect to any Loan or Letter of Credit, whether direct or
indirect (including those acquired by assumption), absolute or contingent, due
or to become due, now existing or hereafter arising and including interest and
fees that accrue after the commencement by or against any Loan Party or any
Affiliate thereof of any proceeding under any Debtor Relief Laws naming such
Person as the debtor in such proceeding, regardless of whether such interest and
fees are allowed claims in such proceeding.

"Operating Indebtedness" means, as of any date of determination, all
Indebtedness incurred in the ordinary course of the banking operations of WEX
Bank which is includable as a liability on the consolidated balance sheet of WEX
Bank and its consolidated subsidiaries at such date, determined on a
consolidated basis in accordance with GAAP.

"Operating Interest Expense" means, for any period, the sum for WEX Bank and its
consolidated subsidiaries (determined in accordance with GAAP), of all interest
in respect of Operating Indebtedness (including, without limitation, the
interest component of any payments in respect of capital lease obligations but
excluding any capitalized financing costs) accrued during such period (whether
or not actually paid during such period).

                                       13
<PAGE>

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

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

"Outstanding Amount" means (i) with respect to Revolving Loans and Swing Line
Loans on any date, the aggregate outstanding principal amount thereof after
giving effect to any borrowings and prepayments or repayments of Revolving Loans
and Swing Line Loans, as the case may be, occurring on such date; and (ii) with
respect to any L/C Obligations on any date, the amount of such L/C Obligations
on such date after giving effect to any L/C Credit Extension occurring on such
date and any other changes in the aggregate amount of the L/C Obligations as of
such date, including as a result of any reimbursements by the Borrower of
Unreimbursed Amounts.

"Participant" has the meaning specified in Section 10.06(d).

"PBGC" means the Pension Benefit Guaranty Corporation.

"Pension Plan" means any "employee pension benefit plan" (as such term is
defined in Section 3(2) of ERISA), other than a Multiemployer Plan, that is
subject to Title IV of ERISA and is sponsored or maintained by the Borrower or
any ERISA Affiliate or to which the Borrower or any ERISA Affiliate contributes
or has an obligation to contribute, or in the case of a multiple employer or
other plan described in Section 4064(a) of ERISA, has made contributions at any
time during the immediately preceding five plan years.

"Permitted Acquisition" means any Acquisition by the Borrower or any Subsidiary;
provided, that (a) immediately after giving effect to such Acquisition, the
Borrower shall be in compliance with Section 7.11 (including on a Pro Forma
Basis) and Section 7.07, (b) promptly upon giving effect to such Acquisition,
the Borrower complies with Section 6.12 and (c) either (i) if such Acquisition
is pursuant to clause (a) of the definition of "Acquisition," then, immediately
following such Acquisition, the Person acquired in such Acquisition is a
consolidated Subsidiary or (ii) if such acquisition is pursuant to clause (b) of
the definition of "Acquisition," then, immediately following such Acquisition,
the assets, division or line of business acquired in such Acquisition are owned
by the Borrower or a consolidated Subsidiary.

"Person" means any natural person, corporation, limited liability company,
trust, joint venture, association, company, partnership, Governmental Authority
or other entity.

"Plan" means any "employee benefit plan" (as such term is defined in Section
3(3) of ERISA) established by the Borrower or, with respect to any such plan
that is subject to Section 412 of the Code or Title IV of ERISA, any ERISA
Affiliate.

                                       14
<PAGE>

"Platform" has the meaning specified in Section 6.02.

"Pro Forma Basis" means, for purposes of calculating compliance with any test or
financial covenant under this Agreement for any period, a basis assuming that
any Material Acquisition or Material Disposition that has been consummated
during the applicable period and the following transactions in connection
therewith have occurred as of the first day of the applicable period of
measurement in such test or covenant: (a) income statement items (whether
positive or negative) attributable to the property or Person subject to such
Permitted Acquisition shall be included (in the case of any Material
Acquisition) or excluded (in the case of any Material Disposition), (b) any
retirement of Indebtedness, and (c) any Indebtedness incurred or assumed by the
Borrower or any of its Subsidiaries in connection therewith and if such
Indebtedness has a floating or formula rate, shall have an implied rate of
interest for the applicable period for purposes of this definition determined by
utilizing the rate which is or would be in effect with respect to such
Indebtedness as at the relevant date of determination; provided that the
foregoing pro forma adjustments may be applied to any such test or financial
covenant solely to the extent that such adjustments are consistent with the
definition of Consolidated EBITDA or Consolidated EBIT and give effect to events
(including operating expense reductions) that are (x) attributable to such
transaction, (y) expected to have a continuing impact on the Borrower and its
Subsidiaries and (z) factually supportable (provided that pro forma effect shall
only be given to operating expense reductions or similar anticipated benefits
from any Material Acquisition or Material Disposition to the extent that such
adjustments and the bases therefore are set forth in reasonable detail in a
certificate of the chief financial officer of the Borrower delivered to the
Administrative Agent and dated the relevant date of determination and which
certifies that all necessary steps for the realization thereof have been taken
or the Borrower reasonably anticipates that all necessary steps for the
realization thereof will be taken within twelve months following such date of
determination).

"Public Lender" has the meaning specified in Section 6.02.

"Qualified Stock" means any Equity Interest not constituting Disqualified Stock.

"Register" has the meaning specified in Section 10.06(c).

"Related Parties" means, with respect to any Person, such Person's Affiliates
and the partners, directors, officers, employees, agents and advisors of such
Person and of such Person's Affiliates.

"Reportable Event" means any of the events set forth in Section 4043(c) of
ERISA, other than events for which the 30 day notice period has been waived.

"Request for Credit Extension" means (a) with respect to a Borrowing, conversion
or continuation of Revolving Loans, a Revolving Loan Notice, (b) with respect to
an L/C Credit Extension, a Letter of Credit Application, and (c) with respect to
a Swing Line Loan, a Swing Line Loan Notice.

"Required Lenders" means, as of any date of determination, Lenders having more
than 50% of the Aggregate Commitments or, if the commitment of each Lender to
make Loans and the obligation of the L/C Issuer to make L/C Credit Extensions
have been terminated pursuant to Section 8.02, Lenders holding in the aggregate
more than 50% of the Total Outstandings (with the aggregate amount of each
Lender's risk participation and funded participation in L/C Obligations and
Swing Line Loans being deemed "held" by such Lender for purposes of this
definition); provided that the Commitment of, and the portion of the Total
Outstandings held or deemed held by, any Defaulting Lender shall be excluded for
purposes of making a determination of Required Lenders.

                                       15
<PAGE>

"Responsible Officer" means the chief executive officer, president, chief
financial officer, treasurer, assistant treasurer or controller of a Loan Party
and, solely for purposes of notices given pursuant to Article II, any other
officer of the applicable Loan Party so designated by any of the foregoing
officers in a notice to the Administrative Agent. Any document delivered
hereunder that is signed by a Responsible Officer of a Loan Party shall be
conclusively presumed to have been authorized by all necessary corporate,
partnership and/or other action on the part of such Loan Party and such
Responsible Officer shall be conclusively presumed to have acted on behalf of
such Loan Party.

"Restricted Payment" means any dividend or other distribution (whether in cash,
securities or other property) with respect to any capital stock or other Equity
Interest of the Borrower or any Subsidiary, or any payment (whether in cash,
securities or other property), including any sinking fund or similar deposit, on
account of the purchase, redemption, retirement, acquisition, cancellation or
termination of any such capital stock or other Equity Interest, or on account of
any return of capital to the Borrower's stockholders, partners or members (or
the equivalent Person thereof).

"Revolving Borrowing" means a borrowing consisting of simultaneous Revolving
Loans of the same Type and, in the case of Eurodollar Rate Loans, having the
same Interest Period made by each of the Lenders pursuant to Section 2.01.

"Revolving Loan" has the meaning specified in Section 2.01.

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

"S&P" means Standard & Poor's Ratings Services, a division of The McGraw-Hill
Companies, Inc. and any successor thereto.

"SEC" means the Securities and Exchange Commission, or any Governmental
Authority succeeding to any of its principal functions.

"Solvent" means, as to any Person, such Person (a) owns property whose fair
salable value is greater than the amount required to pay all of its debts
(including contingent liabilities) as they mature; (b) has capital that is not
unreasonably small for its business and is sufficient to carry on its business
and transactions and all business and transactions in which it is about to
engage and (c) is not "insolvent" within the meaning of Section 101(32) of the
Bankruptcy Code of the United States. "Fair salable value" means the amount that
could be obtained for assets within a reasonable time, either through collection
or through sale under ordinary selling conditions by a capable and diligent
seller to an interested buyer who is willing (but under no compulsion) to
purchase.

"Solvency Certificate" means a certificate signed by the chief financial officer
of the Borrower, substantially in the form of Exhibit H.

"Specified Acquisition" means any Acquisition that (a) involves the Acquisition
of a Person, or of assets (i) that would constitute 10% or more of the
Consolidated Total Assets after giving pro forma effect thereto, or (ii) to
which 10% or more of the consolidated revenues of the Borrower and its
Subsidiaries would be attributable after giving pro forma effect thereto and (b)
is designated as such in a Specified Acquisition Certificate.

"Specified Acquisition Certificate" means a certificate, signed by a Responsible
Officer of the Borrower, designating an Acquisition as a Specified Acquisition
so long as such certificate (a) is delivered not less than ten Business Days
prior to the closing date of such Acquisition, (b) sets forth a calculation in
reasonable detail of the Acquisition Consideration for the subject

                                       16
<PAGE>

Acquisition, (c) sets forth calculations in reasonable detail showing compliance
with Section 7.11 on a Pro forma Basis, giving effect to the Step-up Period that
would result from such Acquisition, (d) certifies that such Acquisition meets
the criteria for a Specified Acquisition and (e) is otherwise reasonably
satisfactory to the Administrative Agent.

"Step-Up Period" means the period starting on the date of consummation of any
Specified Acquisition and ending (a) after the end of the third fiscal quarter
(excluding the fiscal quarter during which such Specified Acquisition was
consummated) thereafter or, (b) if earlier, two Business Days after the date on
which a Responsible Officer delivers to the Administrative Agent (i) a
Compliance Certificate showing that the Consolidated Leverage Ratio as at the
last day of a fiscal quarter of the Borrower ending after the date of such
Specified Acquisition is below 3.00 to 1.00 and (ii) notice that the Borrower is
electing to terminate such Step-Up Period.

"Subsidiary" of a Person means a corporation, partnership, joint venture,
limited liability company or other business entity of which a majority of the
shares of securities or other interests having ordinary voting power for the
election of directors or other governing body (other than securities or
interests having such power only by reason of the happening of a contingency)
are at the time beneficially owned, or the management of which is otherwise
controlled, directly, or indirectly through one or more intermediaries, or both,
by such Person. Unless otherwise specified, all references herein to a
"Subsidiary" or to "Subsidiaries" shall refer to a Subsidiary or Subsidiaries of
the Borrower.

"Subsidiary Guarantors" means, any Material Subsidiary (other than WEX Bank)
that is a Domestic Subsidiary.

"Swap Contract" means (a) any and all rate swap transactions, basis swaps,
credit derivative transactions, forward rate transactions, commodity swaps,
commodity options, forward commodity contracts, equity or equity index swaps or
options, bond or bond price or bond index swaps or options or forward bond or
forward bond price or forward bond index transactions, interest rate options,
forward foreign exchange transactions, cap transactions, floor transactions,
collar transactions, currency swap transactions, cross-currency rate swap
transactions, currency options, spot contracts, or any other similar
transactions or any combination of any of the foregoing (including any options
to enter into any of the foregoing), whether or not any such transaction is
governed by or subject to any master agreement, and (b) any and all transactions
of any kind, and the related confirmations, which are subject to the terms and
conditions of, or governed by, any form of master agreement published by the
International Swaps and Derivatives Association, Inc., any International Foreign
Exchange Master Agreement, or any other master agreement (any such master
agreement, together with any related schedules, a "Master Agreement"), including
any such obligations or liabilities under any Master Agreement.

"Swap Termination Value" means, in respect of any one or more Swap Contracts,
after taking into account the effect of any legally enforceable netting
agreement relating to such Swap Contracts, (a) for any date on or after the date
such Swap Contracts have been closed out and termination value(s) determined in
accordance therewith, such termination value(s), and (b) for any date prior to
the date referenced in clause (a), the amount(s) determined as the
mark-to-market value(s) for such Swap Contracts, as determined based upon one or
more mid-market or other readily available quotations provided by any recognized
dealer in such Swap Contracts (which may include a Lender or any Affiliate of a
Lender).

"Swing Line Borrowing" means a borrowing of a Swing Line Loan pursuant to
Section 2.04.

"Swing Line Lender" means Bank of America in its capacity as provider of Swing
Line Loans, or any successor swing line lender hereunder.

                                       17
<PAGE>

"Swing Line Loan" has the meaning specified in Section 2.04(a).

"Swing Line Loan Notice" means a notice of a Swing Line Borrowing pursuant to
Section 2.04(b), which, if in writing, shall be substantially in the form of
Exhibit B.

"Swing Line Sublimit" means an amount equal to the lesser of (a) $10,000,000 and
(b) the Aggregate Commitments. The Swing Line Sublimit is part of, and not in
addition to, the Aggregate Commitments.

"Syndication Agent" means SunTrust Bank, Inc. in its capacity as syndication
agent under any of the Loan Documents.

"Synthetic Lease Obligation" means the monetary obligation of a Person under (a)
a so-called synthetic, off-balance sheet or tax retention lease, or (b) an
agreement for the use or possession of property creating obligations that do not
appear on the balance sheet of such Person but which, upon the insolvency or
bankruptcy of such Person, would be characterized as the indebtedness of such
Person (without regard to accounting treatment).

"Tax Receivable Agreement" means that certain Tax Receivable Agreement dated
February 22, 2005, between the Borrower, Cendant Corporation and Cendant
Mobility Services Corporation.

"Taxes" means all present or future taxes, levies, imposts, duties, deductions,
withholdings, assessments, fees or other charges imposed by any Governmental
Authority, including any interest, additions to tax or penalties applicable
thereto.

"Threshold Amount" means $10,000,000.

"Total Outstandings" means the aggregate Outstanding Amount of all Loans and all
L/C Obligations.

"Type" means, with respect to a Revolving Loan, its character as a Base Rate
Loan or a Eurodollar Rate Loan.

"Unfunded Pension Liability" means the excess of a Pension Plan's benefit
liabilities under Section 4001(a)(16) of ERISA, over the current value of that
Pension Plan's assets, determined in accordance with the assumptions used for
funding the Pension Plan pursuant to Section 412 of the Code for the applicable
plan year.

"United States" and "U.S." mean the United States of America.

"Unreimbursed Amount" has the meaning specified in Section 2.03(c)(i).

"WEX Bank" means Wright Express Financial Services Corporation, a Utah
industrial bank.

"WEX Bank Event" means any regulatory or enforcement action taken by the FDIC
under Section 8(a), (b), (c), (d) or (w) of the Federal Deposit Insurance Act
(12 U.S.C. ss 1818(a), 1818(b), 1818(c), 1818(d) or 1818(w)), or by the Utah
Commissioner of Financial Institutions under Sections 7-1-307, 7-1-313, 7-1-320,
7-1-322 or 7-2-1 et seq. of the Utah Code, if such action (i) will or is
reasonably likely to substantially affect WEX Bank's ability to conduct its
business (including the ability to offer brokered deposits and make credit card
loans) and (ii) is continuing for three (3) Business Days.

      1.02. OTHER INTERPRETIVE PROVISIONS. With reference to this Agreement and
each other Loan Document, unless otherwise specified herein or in such other
Loan Document:

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

                                       18
<PAGE>

agreement, instrument or other document as from time to time amended,
supplemented or otherwise modified (subject to any restrictions on such
amendments, supplements or modifications set forth herein or in any other Loan
Document), (ii) any reference herein to any Person shall be construed to include
such Person's successors and assigns, (iii) the words "herein," "hereof" and
"hereunder," and words of similar import when used in any Loan Document, shall
be construed to refer to such Loan Document in its entirety and not to any
particular provision thereof, (iv) all references in a Loan Document to
Articles, Sections, Exhibits and Schedules shall be construed to refer to
Articles and Sections of, and Exhibits and Schedules to, the Loan Document in
which such references appear, (v) any reference to any law shall include all
statutory and regulatory provisions consolidating, amending, replacing or
interpreting such law and any reference to any law or regulation shall, unless
otherwise specified, refer to such law or regulation as amended, modified or
supplemented from time to time, and (vi) the words "asset" and "property" shall
be construed to have the same meaning and effect and to refer to any and all
tangible and intangible assets and properties, including cash, securities,
accounts and contract rights.

      (b) In the computation of periods of time from a specified date to a later
specified date, the word "from" means "from and including;" the words "to" and
"until" each mean "to but excluding;" and the word "through" means "to and
including."

      (c) Section headings herein and in the other Loan Documents are included
for convenience of reference only and shall not affect the interpretation of
this Agreement or any other Loan Document.

      1.03. ACCOUNTING TERMS. Generally. All accounting terms not
specifically or completely defined herein shall be construed in conformity with,
and all financial data (including financial ratios and other financial
calculations) required to be submitted pursuant to this Agreement shall be
prepared in conformity with, GAAP applied on a consistent basis, as in effect
from time to time, applied in a manner consistent with that used in preparing
the Audited Financial Statements, except as otherwise specifically prescribed
herein.

      (b) Changes in GAAP. If at any time any change in GAAP would affect the
computation of any financial ratio or requirement set forth in any Loan
Document, and either the Borrower or the Required Lenders shall so request, the
Administrative Agent, the Lenders and the Borrower shall negotiate in good faith
to amend such ratio or requirement to preserve the original intent thereof in
light of such change in GAAP (subject to the approval of the Required Lenders);
provided that, until so amended, (i) such ratio or requirement shall continue to
be computed in accordance with GAAP prior to such change therein and (ii) the
Borrower shall provide to the Administrative Agent and the Lenders financial
statements and other documents required under this Agreement or as reasonably
requested hereunder setting forth a reconciliation between calculations of such
ratio or requirement made before and after giving effect to such change in GAAP.

      1.04. ROUNDING. Any financial ratios required to be maintained by the
Borrower pursuant to this Agreement shall be calculated by dividing the
appropriate component by the other component, carrying the result to one place
more than the number of places by which such ratio is expressed herein and
rounding the result up or down to the nearest number (with a rounding-up if
there is no nearest number).

      1.05. TIMES OF DAY. Unless otherwise specified, all references herein to
times of day shall be references to Eastern time (daylight or standard, as
applicable).

                                       19
<PAGE>

      1.06. LETTER OF CREDIT AMOUNTS. Unless otherwise specified herein, the
amount of a Letter of Credit at any time shall be deemed to be the stated amount
of such Letter of Credit in effect at such time; provided, however, that with
respect to any Letter of Credit that, by its terms or the terms of any Issuer
Document related thereto, provides for one or more automatic increases in the
stated amount thereof, the amount of such Letter of Credit shall be deemed to be
the maximum stated amount of such Letter of Credit after giving effect to all
such increases, whether or not such maximum stated amount is in effect at such
time.

                                   ARTICLE II.
               THE COMMITMENTS AND CREDIT EXTENSIONS

      2.01. REVOLVING LOANS. Subject to the terms and conditions set forth
herein, each Lender severally agrees to make loans (each such loan, a "Revolving
Loan") to the Borrower from time to time, on any Business Day during the
Availability Period, in an aggregate amount not to exceed at any time
outstanding the amount of such Lender's Commitment; provided, however, that
after giving effect to any Revolving Borrowing, (i) the Total Outstandings shall
not exceed the Aggregate Commitments, and (ii) the aggregate Outstanding Amount
of the Revolving Loans of any Lender, plus such Lender's Applicable Percentage
of the Outstanding Amount of all L/C Obligations, plus such Lender's Applicable
Percentage of the Outstanding Amount of all Swing Line Loans shall not exceed
such Lender's Commitment. Within the limits of each Lender's Commitment, and
subject to the other terms and conditions hereof, the Borrower may borrow under
this Section 2.01, prepay under Section 2.05, and reborrow under this Section
2.01. Revolving Loans may be Base Rate Loans or Eurodollar Rate Loans, as
further provided herein.

      2.02. BORROWINGS, CONVERSIONS AND CONTINUATIONS OF REVOLVING LOANS.

      (a) Each Revolving Borrowing, each conversion of Revolving Loans from one
Type to the other, and each continuation of Eurodollar Rate Loans shall be made
upon the Borrower's irrevocable notice to the Administrative Agent, which may be
given by telephone. Each such notice must be received by the Administrative
Agent not later than 12:00 noon (i) three Business Days prior to the requested
date of any Borrowing of, conversion to or continuation of Eurodollar Rate Loans
or of any conversion of Eurodollar Rate Loans to Base Rate Revolving Loans, and
(ii) on the requested date of any Borrowing of Base Rate Revolving Loans;
provided, however, that if the Borrower wishes to request Eurodollar Rate Loans
having an Interest Period other than seven days or one, two, three or six months
in duration as provided in the definition of "Interest Period," the applicable
notice must be received by the Administrative Agent not later than 12:00 noon
four Business Days prior to the requested date of such Borrowing, conversion or
continuation, whereupon the Administrative Agent shall give prompt notice to the
Lenders of such request and determine whether the requested Interest Period is
acceptable to all of them. Not later than 12:00 noon, three Business Days before
the requested date of such Borrowing, conversion or continuation, the
Administrative Agent shall notify the Borrower (which notice may be by
telephone) whether or not the requested Interest Period has been consented to by
all the Lenders. Each telephonic notice by the Borrower pursuant to this Section
2.02(a) must be confirmed promptly by delivery to the Administrative Agent of a
written Revolving Loan Notice, appropriately completed and signed by a
Responsible Officer of the Borrower. Each Borrowing of, conversion to or
continuation of Eurodollar Rate Loans shall be in a principal amount of
$3,000,000 or a whole multiple of $1,000,000 in excess thereof. Except as
provided in Sections 2.03(c) and 2.04(c), each Borrowing of or conversion to
Base Rate Revolving Loans shall be in a principal amount of $500,000 or a whole
multiple of $100,000 in excess thereof. Each

                                       20
<PAGE>

Revolving Loan Notice (whether telephonic or written) shall specify (i) whether
the Borrower is requesting a Revolving Borrowing, a conversion of Revolving
Loans from one Type to the other, or a continuation of Eurodollar Rate Loans,
(ii) the requested date of the Borrowing, conversion or continuation, as the
case may be (which shall be a Business Day), (iii) the principal amount of
Revolving Loans to be borrowed, converted or continued, (iv) the Type of
Revolving Loans to be borrowed or to which existing Revolving Loans are to be
converted, and (v) if applicable, the duration of the Interest Period with
respect thereto. If the Borrower fails to specify a Type of Revolving Loan in a
Revolving Loan Notice or if the Borrower fails to give a timely notice
requesting a conversion or continuation, then the applicable Revolving Loans
shall be made as, or converted to, Base Rate Loans. Any such automatic
conversion to Base Rate Loans shall be effective as of the last day of the
Interest Period then in effect with respect to the applicable Eurodollar Rate
Loans. If the Borrower requests a Borrowing of, conversion to, or continuation
of Eurodollar Rate Loans in any such Revolving Loan Notice, but fails to specify
an Interest Period, it will be deemed to have specified an Interest Period of
one month.

      (b) Following receipt of a Revolving Loan Notice, the Administrative Agent
shall promptly notify each Lender of the amount of its Applicable Percentage of
the applicable Revolving Loans, and if no timely notice of a conversion or
continuation is provided by the Borrower, the Administrative Agent shall notify
each Lender of the details of any automatic conversion to Base Rate Loans
described in the preceding subsection. In the case of a Revolving Borrowing,
each Lender shall make the amount of its Revolving Loan available to the
Administrative Agent in immediately available funds at the Administrative
Agent's Office not later than 2:00 p.m. on the Business Day specified in the
applicable Revolving Loan Notice. Upon satisfaction of the applicable conditions
set forth in Section 4.02 (and, if such Borrowing is the initial Credit
Extension, Section 4.01), the Administrative Agent shall make all funds so
received available to the Borrower not later than 4:00 p.m. on the Business Day
specified in the applicable Revolving Loan Notice in like funds as received by
the Administrative Agent either by (i) crediting the account of the Borrower on
the books of Bank of America with the amount of such funds or (ii) wire transfer
of such funds, in each case in accordance with instructions provided to (and
reasonably acceptable to) the Administrative Agent by the Borrower; provided,
however, that if, on the date the Revolving Loan Notice with respect to such
Borrowing is given by the Borrower, there are L/C Borrowings outstanding, then
the proceeds of such Borrowing, first, shall be applied to the payment in full
of any such L/C Borrowings, and second, shall be made available to the Borrower
as provided above.

      (c) During the existence of a Default, no Loans may be requested as,
converted to or continued as Eurodollar Rate Loans without the consent of the
Required Lenders.

      (d) The Administrative Agent shall promptly notify the Borrower and the
Lenders of the interest rate applicable to any Interest Period for Eurodollar
Rate Loans upon determination of such interest rate. At any time that Base Rate
Loans are outstanding, the Administrative Agent shall notify the Borrower and
the Lenders of any change in Bank of America's prime rate used in determining
the Base Rate promptly following the public announcement of such change.

      (e) After giving effect to all Revolving Borrowings, all conversions of
Revolving Loans from one Type to the other, and all continuations of Revolving
Loans as the same Type, there shall not be more than seven Interest Periods in
effect with respect to Revolving Loans.

      2.03. LETTERS OF CREDIT.

      (a) The Letter of Credit Commitment.

                                       21
<PAGE>

            (i) Subject to the terms and conditions set forth herein, (A) the
      L/C Issuer agrees, in reliance upon the agreements of the Lenders set
      forth in this Section 2.03, (1) from time to time on any Business Day
      during the period from the Closing Date until the Letter of Credit
      Expiration Date, to issue Letters of Credit for the account of the
      Borrower, and to amend or extend Letters of Credit previously issued by
      it, in accordance with subsection (b) below, and (2) to honor drawings
      under the Letters of Credit; and (B) the Lenders severally agree to
      participate in Letters of Credit issued for the account of the Borrower
      and any drawings thereunder; provided that after giving effect to any L/C
      Credit Extension with respect to any Letter of Credit, (x) the Total
      Outstandings shall not exceed the Aggregate Commitments, (y) the aggregate
      Outstanding Amount of the Revolving Loans of any Lender, plus such
      Lender's Applicable Percentage of the Outstanding Amount of all L/C
      Obligations, plus such Lender's Applicable Percentage of the Outstanding
      Amount of all Swing Line Loans shall not exceed such Lender's Commitment,
      and (z) the Outstanding Amount of the L/C Obligations shall not exceed the
      Letter of Credit Sublimit. Each request by the Borrower for the issuance
      or amendment of a Letter of Credit shall be deemed to be a representation
      by the Borrower that the L/C Credit Extension so requested complies with
      the conditions set forth in the proviso to the preceding sentence. Within
      the foregoing limits, and subject to the terms and conditions hereof, the
      Borrower's ability to obtain Letters of Credit shall be fully revolving,
      and accordingly the Borrower may, during the foregoing period, obtain
      Letters of Credit to replace Letters of Credit that have expired or that
      have been drawn upon and reimbursed.

            (ii) The L/C Issuer shall not issue any Letter of Credit, if:

                  (A) subject to Section 2.03(b)(iii), the expiry date of such
            requested Letter of Credit would occur more than twelve months after
            the date of issuance or last extension, unless the Required Lenders
            have approved such expiry date; or

                  (B) the expiry date of such requested Letter of Credit would
            occur after the Letter of Credit Expiration Date, unless all the
            Lenders have approved such expiry date.

            (iii) The L/C Issuer shall not be under any obligation to issue any
      Letter of Credit if:

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

                  (B) the issuance of such Letter of Credit would violate one or
            more policies of the L/C Issuer applicable to letters of credit
            generally;

                                       22
<PAGE>

                  (C) except as otherwise agreed by the Administrative Agent and
            the L/C Issuer, such Letter of Credit is in an initial stated amount
            less $500,000;

                  (D) such Letter of Credit is to be denominated in a currency
            other than Dollars;

            (E) such Letter of Credit contains any provisions for automatic
            reinstatement of the stated amount after any drawing thereunder; or

            (F) a default of any Lender's obligations to fund under Section
            2.03(c) exists or any Lender is at such time a Defaulting Lender
            hereunder, unless the L/C Issuer has entered into satisfactory
            arrangements with the Borrower or such Lender to eliminate the L/C
            Issuer's risk with respect to such Lender.

            (iv) The L/C Issuer shall not amend any Letter of Credit if the L/C
      Issuer would not be permitted at such time to issue such Letter of Credit
      in its amended form under the terms hereof.

            (v) The L/C Issuer shall be under no obligation to amend any Letter
      of Credit if (A) the L/C Issuer would have no obligation at such time to
      issue such Letter of Credit in its amended form under the terms hereof, or
      (B) the beneficiary of such Letter of Credit does not accept the proposed
      amendment to such Letter of Credit.

            (vi) The L/C Issuer shall act on behalf of the Lenders with respect
      to any Letters of Credit issued by it and the documents associated
      therewith, and the L/C Issuer shall have all of the benefits and
      immunities (A) provided to the Administrative Agent in Article IX with
      respect to any acts taken or omissions suffered by the L/C Issuer in
      connection with Letters of Credit issued by it or proposed to be issued by
      it and Issuer Documents pertaining to such Letters of Credit as fully as
      if the term "Administrative Agent" as used in Article IX included the L/C
      Issuer with respect to such acts or omissions, and (B) as additionally
      provided herein with respect to the L/C Issuer.

      (b) Procedures for Issuance and Amendment of Letters of Credit;
Auto-Extension Letters of Credit.

            (i) Each Letter of Credit shall be issued or amended, as the case
      may be, upon the request of the Borrower delivered to the L/C Issuer (with
      a copy to the Administrative Agent) in the form of a Letter of Credit
      Application, appropriately completed and signed by a Responsible Officer
      of the Borrower. Such Letter of Credit Application must be received by the
      L/C Issuer and the Administrative Agent not later than 11:00 a.m. at least
      two Business Days (or such later date and time as the Administrative Agent
      and the L/C Issuer may agree in a particular instance in their sole
      discretion) prior to the proposed issuance date or date of amendment, as
      the case may be. In the case of a request for an initial issuance of a
      Letter of Credit, such Letter of Credit Application shall specify in form
      and detail satisfactory to the L/C Issuer: (A) the proposed issuance date
      of the requested Letter of Credit (which shall be a Business Day); (B) the
      amount thereof; (C) the expiry date thereof; (D) the name and address of
      the beneficiary thereof; (E) the documents to be presented by such
      beneficiary in case of any drawing thereunder; (F) the full text of any
      certificate to be presented by such beneficiary in case of any drawing
      thereunder; (G) the purpose and nature of the requested Letter of Credit;
      and (H) such other matters as the L/C Issuer may require. In the case of a
      request for an amendment of any outstanding Letter of Credit, such Letter
      of Credit Application shall specify in form and detail satisfactory to the
      L/C Issuer (A) the Letter of Credit to be amended; (B) the proposed date
      of amendment thereof (which shall be a Business Day); (C) the nature of

                                       23
<PAGE>

      the proposed amendment; and (D) such other matters as the L/C Issuer may
      require. Additionally, the Borrower shall furnish to the L/C Issuer and
      the Administrative Agent such other documents and information pertaining
      to such requested Letter of Credit issuance or amendment, including any
      Issuer Documents, as the L/C Issuer or the Administrative Agent may
      require.

            (ii) Promptly after receipt of any Letter of Credit Application, the
      L/C Issuer will confirm with the Administrative Agent (by telephone or in
      writing) that the Administrative Agent has received a copy of such Letter
      of Credit Application from the Borrower and, if not, the L/C Issuer will
      provide the Administrative Agent with a copy thereof. Unless the L/C
      Issuer has received written notice from any Lender, the Administrative
      Agent or any Loan Party, at least one Business Day prior to the requested
      date of issuance or amendment of the applicable Letter of Credit, that one
      or more applicable conditions contained in Article IV shall not then be
      satisfied, then, subject to the terms and conditions hereof, the L/C
      Issuer shall, on the requested date, issue a Letter of Credit for the
      account of the Borrower or enter into the applicable amendment, as the
      case may be, in each case in accordance with the L/C Issuer's usual and
      customary business practices. Immediately upon the issuance of each Letter
      of Credit, each Lender shall be deemed to, and hereby irrevocably and
      unconditionally agrees to, purchase from the L/C Issuer a risk
      participation in such Letter of Credit in an amount equal to the product
      of such Lender's Applicable Percentage times the amount of such Letter of
      Credit.

            (iii)If the Borrower so requests in any applicable Letter of Credit
      Application, the L/C Issuer may, in its sole and absolute discretion,
      agree to issue a Letter of Credit that has automatic extension provisions
      (each, an "Auto-Extension Letter of Credit"); provided that any such
      Auto-Extension Letter of Credit must permit the L/C Issuer to prevent any
      such extension at least once in each twelve-month period (commencing with
      the date of issuance of such Letter of Credit) by giving prior notice to
      the beneficiary thereof not later than a day (the "Non-Extension Notice
      Date") in each such twelve-month period to be agreed upon at the time such
      Letter of Credit is issued. Unless otherwise directed by the L/C Issuer,
      the Borrower shall not be required to make a specific request to the L/C
      Issuer for any such extension. Once an Auto-Extension Letter of Credit has
      been issued, the Lenders shall be deemed to have authorized (but may not
      require) the L/C Issuer to permit the extension of such Letter of Credit
      at any time to an expiry date not later than the Letter of Credit
      Expiration Date; provided, however, that the L/C Issuer shall not permit
      any such extension if (A) the L/C Issuer has determined that it would not
      be permitted, or would have no obligation, at such time to issue such
      Letter of Credit in its revised form (as extended) under the terms hereof
      (by reason of the provisions of clause (ii) or (iii) of Section 2.03(a) or
      otherwise), or (B) it has received notice (which may be by telephone or in
      writing) on or before the day that is seven Business Days before the
      Non-Extension Notice Date (1) from the Administrative Agent that the
      Required Lenders have elected not to permit such extension or (2) from the
      Administrative Agent, any Lender or the Borrower that one or more of the
      applicable conditions specified in Section 4.02 is not then satisfied, and
      in each such case directing the L/C Issuer not to permit such extension.

            (iv) Promptly after its delivery of any Letter of Credit or any
      amendment to a Letter of Credit to an advising bank with respect thereto
      or to the beneficiary thereof, the L/C Issuer will also deliver to the
      Borrower and the Administrative Agent a true and complete copy of such
      Letter of Credit or amendment.

                                       24
<PAGE>

      (c) Drawings and Reimbursements; Funding of Participations.

            (i) Upon receipt from the beneficiary of any Letter of Credit of any
      notice of a drawing under such Letter of Credit, the L/C Issuer shall
      notify the Borrower and the Administrative Agent thereof. Not later than
      11:00 a.m. on the date of any payment by the L/C Issuer under a Letter of
      Credit (each such date, an "Honor Date"), the Borrower shall reimburse the
      L/C Issuer through the Administrative Agent in an amount equal to the
      amount of such drawing. If the Borrower fails to so reimburse the L/C
      Issuer by such time, the Administrative Agent shall promptly notify each
      Lender of the Honor Date, the amount of the unreimbursed drawing (the
      "Unreimbursed Amount"), and the amount of such Lender's Applicable
      Percentage thereof. In such event, the Borrower shall be deemed to have
      requested a Revolving Borrowing of Base Rate Loans to be disbursed on the
      Honor Date in an amount equal to the Unreimbursed Amount, without regard
      to the minimum and multiples specified in Section 2.02 for the principal
      amount of Base Rate Loans, but subject to the amount of the unutilized
      portion of the Aggregate Commitments and the conditions set forth in
      Section 4.02 (other than the delivery of a Revolving Loan Notice). Any
      notice given by the L/C Issuer or the Administrative Agent pursuant to
      this Section 2.03(c)(i) may be given by telephone if immediately confirmed
      in writing; provided that the lack of such an immediate confirmation shall
      not affect the conclusiveness or binding effect of such notice.

            (ii) Each Lender shall upon any notice pursuant to Section
      2.03(c)(i) make funds available to the Administrative Agent for the
      account of the L/C Issuer at the Administrative Agent's Office in an
      amount equal to its Applicable Percentage of the Unreimbursed Amount not
      later than 1:00 p.m. on the Business Day specified in such notice by the
      Administrative Agent, whereupon, subject to the provisions of Section
      2.03(c)(iii), each Lender that so makes funds available shall be deemed to
      have made a Base Rate Revolving Loan to the Borrower in such amount. The
      Administrative Agent shall remit the funds so received to the L/C Issuer.

            (iii) With respect to any Unreimbursed Amount that is not fully
      refinanced by a Revolving Borrowing of Base Rate Loans because the
      conditions set forth in Section 4.02 cannot be satisfied or for any other
      reason, the Borrower shall be deemed to have incurred from the L/C Issuer
      an L/C Borrowing in the amount of the Unreimbursed Amount that is not so
      refinanced, which L/C Borrowing shall be due and payable on demand
      (together with interest) and shall bear interest at the Default Rate. In
      such event, each Lender's payment to the Administrative Agent for the
      account of the L/C Issuer pursuant to Section 2.03(c)(ii) shall be deemed
      payment in respect of its participation in such L/C Borrowing and shall
      constitute an L/C Advance from such Lender in satisfaction of its
      participation obligation under this Section 2.03.

            (iv) Until each Lender funds its Revolving Loan or L/C Advance
      pursuant to this Section 2.03(c) to reimburse the L/C Issuer for any
      amount drawn under any Letter of Credit, interest in respect of such
      Lender's Applicable Percentage of such amount shall be solely for the
      account of the L/C Issuer.

            (v) Each Lender's obligation to make Revolving Loans or L/C Advances
      to reimburse the L/C Issuer for amounts drawn under Letters of Credit, as
      contemplated by this Section 2.03(c), shall be absolute and unconditional
      and shall not be affected by any

                                       25
<PAGE>

      circumstance, including (A) any setoff, counterclaim, recoupment, defense
      or other right which such Lender may have against the L/C Issuer, the
      Borrower or any other Person for any reason whatsoever; (B) the occurrence
      or continuance of a Default, or (C) any other occurrence, event or
      condition, whether or not similar to any of the foregoing; provided,
      however, that each Lender's obligation to make Revolving Loans pursuant to
      this Section 2.03(c) is subject to the conditions set forth in Section
      4.02 (other than delivery by the Borrower of a Revolving Loan Notice). No
      such making of an L/C Advance shall relieve or otherwise impair the
      obligation of the Borrower to reimburse the L/C Issuer for the amount of
      any payment made by the L/C Issuer under any Letter of Credit, together
      with interest as provided herein.

            (vi) If any Lender fails to make available to the Administrative
      Agent for the account of the L/C Issuer any amount required to be paid by
      such Lender pursuant to the foregoing provisions of this Section 2.03(c)
      by the time specified in Section 2.03(c)(ii), the L/C Issuer shall be
      entitled to recover from such Lender (acting through the Administrative
      Agent), on demand, such amount with interest thereon for the period from
      the date such payment is required to the date on which such payment is
      immediately available to the L/C Issuer at a rate per annum equal to the
      greater of the Federal Funds Rate and a rate determined by the L/C Issuer
      in accordance with banking industry rules on interbank compensation, plus
      any administrative, processing or similar fees customarily charged by the
      L/C Issuer in connection with the foregoing. If such Lender pays such
      amount (with interest and fees as aforesaid), the amount so paid shall
      constitute such Lender's Revolving Loan included in the relevant Revolving
      Borrowing or L/C Advance in respect of the relevant L/C Borrowing, as the
      case may be. A certificate of the L/C Issuer submitted to any Lender
      (through the Administrative Agent) with respect to any amounts owing under
      this clause (vi) shall be conclusive absent manifest error.

      (d) Repayment of Participations.

            (i) At any time after the L/C Issuer has made a payment under any
      Letter of Credit and has received from any Lender such Lender's L/C
      Advance in respect of such payment in accordance with Section 2.03(c), if
      the Administrative Agent receives for the account of the L/C Issuer any
      payment in respect of the related Unreimbursed Amount or interest thereon
      (whether directly from the Borrower or otherwise, including proceeds of
      Cash Collateral applied thereto by the Administrative Agent), the
      Administrative Agent will distribute to such Lender its Applicable
      Percentage thereof in the same funds as those received by the
      Administrative Agent.

            (ii) If any payment received by the Administrative Agent for the
      account of the L/C Issuer pursuant to Section 2.03(c)(i) is required to be
      returned under any of the circumstances described in Section 10.05
      (including pursuant to any settlement entered into by the L/C Issuer in
      its discretion), each Lender shall pay to the Administrative Agent for the
      account of the L/C Issuer its Applicable Percentage thereof on demand of
      the Administrative Agent, plus interest thereon from the date of such
      demand to the date such amount is returned by such Lender, at a rate per
      annum equal to the Federal Funds Rate from time to time in effect. The
      obligations of the Lenders under this clause shall survive the payment in
      full of the Obligations and the termination of this Agreement.

      (e) Obligations Absolute. The obligation of the Borrower to reimburse the
L/C Issuer for each drawing under each Letter of Credit and to repay each L/C
Borrowing shall be absolute, unconditional and irrevocable, and shall be paid
strictly in accordance with the terms of this Agreement under all circumstances,
including the following:

                                       26
<PAGE>

            (i) any lack of validity or enforceability of such Letter of Credit,
      this Agreement, or any other Loan Document;

            (ii) the existence of any claim, counterclaim, setoff, defense or
      other right that the Borrower or any Subsidiary may have at any time
      against any beneficiary or any transferee of such Letter of Credit (or any
      Person for whom any such beneficiary or any such transferee may be
      acting), the L/C Issuer or any other Person, whether in connection with
      this Agreement, the transactions contemplated hereby or by such Letter of
      Credit or any agreement or instrument relating thereto, or any unrelated
      transaction;

            (iii)any draft, demand, certificate or other document presented
      under such Letter of Credit proving to be forged, fraudulent, invalid or
      insufficient in any respect or any statement therein being untrue or
      inaccurate in any respect; or any loss or delay in the transmission or
      otherwise of any document required in order to make a drawing under such
      Letter of Credit;

            (iv) any payment by the L/C Issuer under such Letter of Credit
      against presentation of a draft or certificate that does not strictly
      comply with the terms of such Letter of Credit; or any payment made by the
      L/C Issuer under such Letter of Credit to any Person purporting to be a
      trustee in bankruptcy, debtor-in-possession, assignee for the benefit of
      creditors, liquidator, receiver or other representative of or successor to
      any beneficiary or any transferee of such Letter of Credit, including any
      arising in connection with any proceeding under any Debtor Relief Law; or

            (v) any other circumstance or happening whatsoever, whether or not
      similar to any of the foregoing, including any other circumstance that
      might otherwise constitute a defense available to, or a discharge of, the
      Borrower or any Subsidiary.

The Borrower shall promptly examine a copy of each Letter of Credit and each
amendment thereto that is delivered to it and, in the event of any claim of
noncompliance with the Borrower's instructions or other irregularity, the
Borrower will immediately notify the L/C Issuer. The Borrower shall be
conclusively deemed to have waived any such claim against the L/C Issuer and its
correspondents unless such notice is given as aforesaid.

      (f) Role of L/C Issuer. Each Lender and the Borrower agree that, in paying
any drawing under a Letter of Credit, the L/C Issuer shall not have any
responsibility to obtain any document (other than any sight draft, certificates
and documents expressly required by the Letter of Credit) or to ascertain or
inquire as to the validity or accuracy of any such document or the authority of
the Person executing or delivering any such document. None of the L/C Issuer,
the Administrative Agent, any of their respective Related Parties nor any
correspondent, participant or assignee of

                                       27
<PAGE>

the L/C Issuer shall be liable to any Lender for (i) any action taken or omitted
in connection herewith at the request or with the approval of the Lenders or the
Required Lenders, as applicable; (ii) any action taken or omitted in the absence
of gross negligence or willful misconduct; or (iii) the due execution,
effectiveness, validity or enforceability of any document or instrument related
to any Letter of Credit or Issuer Document. The Borrower hereby assumes all
risks of the acts or omissions of any beneficiary or transferee with respect to
its use of any Letter of Credit; provided, however, that this assumption is not
intended to, and shall not, preclude the Borrower's pursuing such rights and
remedies as it may have against the beneficiary or transferee at law or under
any other agreement. None of the L/C Issuer, the Administrative Agent, any of
their respective Related Parties nor any correspondent, participant or assignee
of the L/C Issuer shall be liable or responsible for any of the matters
described in clauses (i) through (v) of Section 2.03(e); provided, however, that
anything in such clauses to the contrary notwithstanding, the Borrower may have
a claim against the L/C Issuer, and the L/C Issuer may be liable to the
Borrower, to the extent, but only to the extent, of any direct, as opposed to
consequential or exemplary, damages suffered by the Borrower which the Borrower
proves were caused by the L/C Issuer's willful misconduct or gross negligence or
the L/C Issuer's willful failure to pay under any Letter of Credit after the
presentation to it by the beneficiary of a sight draft and certificate(s)
strictly complying with the terms and conditions of a Letter of Credit. In
furtherance and not in limitation of the foregoing, the L/C Issuer may accept
documents that appear on their face to be in order, without responsibility for
further investigation, regardless of any notice or information to the contrary,
and the L/C Issuer shall not be responsible for the validity or sufficiency of
any instrument transferring or assigning or purporting to transfer or assign a
Letter of Credit or the rights or benefits thereunder or proceeds thereof, in
whole or in part, which may prove to be invalid or ineffective for any reason.

      (g) Cash Collateral. Upon the request of the Administrative Agent, (i) if
the L/C Issuer has honored any full or partial drawing request under any Letter
of Credit and such drawing has resulted in an L/C Borrowing, or (ii) if, as of
the Letter of Credit Expiration Date, any L/C Obligation for any reason remains
outstanding, the Borrower shall, in each case, immediately Cash Collateralize
the then Outstanding Amount of all L/C Obligations. Sections 2.05 and 8.02(c)
set forth certain additional requirements to deliver Cash Collateral hereunder.
For purposes of this Section 2.03, Section 2.05 and Section 8.02(c), "Cash
Collateralize" means to pledge and deposit with or deliver to the Administrative
Agent, for the benefit of the L/C Issuer and the Lenders, as collateral for the
L/C Obligations, cash or deposit account balances pursuant to documentation in
form and substance satisfactory to the Administrative Agent and the L/C Issuer
(which documents are hereby consented to by the Lenders). Derivatives of such
term have corresponding meanings. Upon such pledge and deposit, the Borrower
shall grant to the Administrative Agent, for the benefit of the L/C Issuer and
the Lenders, a security interest in all such cash, deposit accounts and all
balances therein and all proceeds of the foregoing, all in a manner reasonably
satisfactory to the Administrative Agent. Cash Collateral shall be maintained in
blocked, non-interest bearing deposit accounts at Bank of America.

      (h) Applicability of ISP. Unless otherwise expressly agreed by the L/C
Issuer and the Borrower when a Letter of Credit is issued, the rules of the ISP
shall apply to each Letter of Credit.

      (i) Letter of Credit Fees. The Borrower shall pay to the Administrative
Agent for the account of each Lender in accordance with its Applicable
Percentage a Letter of Credit fee (the "Letter of Credit Fee") for each Letter
of Credit equal to the Applicable Rate per annum times the daily amount
available to be drawn under such Letter of Credit. For purposes of computing the
daily amount available to be drawn under any Letter of Credit, the amount of
such Letter of Credit shall be determined in accordance with Section 1.06.
Letter of Credit Fees shall be (i) due and payable on the first Business Day
after the end of each March, June, September and December, commencing with the
first such date to occur the issuance of such Letter of Credit, on the Letter of
Credit Expiration Date and thereafter on demand and (ii) computed on a quarterly
basis in arrears. If there is any change in the Applicable Rate during any
quarter, the daily amount available to be drawn under each Letter of Credit
shall be computed and multiplied by the Applicable Rate separately for each
period during such quarter that such Applicable Rate was in effect.
Notwithstanding anything to the contrary contained herein, upon the request of
the Required Lenders, while any Event of Default exists, all Letter of Credit
Fees shall accrue at the Default Rate.

                                       28
<PAGE>

      (j) Fronting Fee and Documentary and Processing Charges Payable to L/C
Issuer. The Borrower shall pay directly to the L/C Issuer for its own account a
fronting fee with respect to each Letter of Credit, at the rate per annum
specified in the relevant Fee Letter, computed on the daily amount available to
be drawn under such Letter of Credit on a quarterly basis in arrears. Such
fronting fee shall be due and payable on the tenth Business Day after the end of
each March, June, September and December in respect of the most recently-ended
quarterly period (or portion thereof, in the case of the first payment),
commencing with the first such date to occur after the issuance of such Letter
of Credit, on the Letter of Credit Expiration Date and thereafter on demand. For
purposes of computing the daily amount available to be drawn under any Letter of
Credit, the amount of such Letter of Credit shall be determined in accordance
with Section 1.06. In addition, the Borrower shall pay directly to the L/C
Issuer for its own account the customary issuance, presentation, amendment and
other processing fees, and other standard costs and charges, of the L/C Issuer
relating to letters of credit as from time to time in effect. Such customary
fees and standard costs and charges are due and payable on demand and are
nonrefundable.

      (k) Conflict with Issuer Documents. In the event of any conflict between
the terms hereof and the terms of any Issuer Document, the terms hereof shall
control.

      2.04. SWING LINE LOANS.

      (a) The Swing Line. Subject to the terms and conditions set forth herein,
the Swing Line Lender agrees, in reliance upon the agreements of the other
Lenders set forth in this Section 2.04, to make loans (each such loan, a "Swing
Line Loan") to the Borrower from time to time on any Business Day during the
Availability Period in an aggregate amount not to exceed at any time outstanding
the amount of the Swing Line Sublimit, notwithstanding the fact that such Swing
Line Loans, when aggregated with the Applicable Percentage of the Outstanding
Amount of Revolving Loans and L/C Obligations of the Lender acting as Swing Line
Lender, may exceed the amount of such Lender's Commitment; provided, however,
that after giving effect to any Swing Line Loan, (i) the Total Outstandings
shall not exceed the Aggregate Commitments, and (ii) the aggregate Outstanding
Amount of the Revolving Loans of any Lender, plus such Lender's Applicable
Percentage of the Outstanding Amount of all L/C Obligations, plus such Lender's
Applicable Percentage of the Outstanding Amount of all Swing Line Loans shall
not exceed such Lender's Commitment, and provided, further, that the Borrower
shall not use the proceeds of any Swing Line Loan to refinance any outstanding
Swing Line Loan. Within the foregoing limits, and subject to the other terms and
conditions hereof, the Borrower may borrow under this Section 2.04, prepay under
Section 2.05, and reborrow under this Section 2.04. Each Swing Line Loan shall
be a Base Rate Loan. Immediately upon the making of a Swing Line Loan, each
Lender shall be deemed to, and hereby irrevocably and unconditionally agrees to,
purchase from the Swing Line Lender a risk participation in such Swing Line Loan
in an amount equal to the product of such Lender's Applicable Percentage times
the amount of such Swing Line Loan.

      (b) Borrowing Procedures. Each Swing Line Borrowing shall be made upon the
Borrower's irrevocable notice to the Swing Line Lender and the Administrative
Agent, which may be given by telephone. Each such notice must be received by the
Swing Line Lender and the Administrative Agent not later than 1:00 p.m. on the
requested borrowing date, and shall specify

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<PAGE>

(i) the amount to be borrowed, which shall be a minimum of $100,000, and (ii)
the requested borrowing date, which shall be a Business Day. Each such
telephonic notice must be confirmed promptly by delivery to the Swing Line
Lender and the Administrative Agent of a written Swing Line Loan Notice,
appropriately completed and signed by a Responsible Officer of the Borrower.
Promptly after receipt by the Swing Line Lender of any telephonic Swing Line
Loan Notice, the Swing Line Lender will confirm with the Administrative Agent
(by telephone or in writing) that the Administrative Agent has also received
such Swing Line Loan Notice and, if not, the Swing Line Lender will notify the
Administrative Agent (by telephone or in writing) of the contents thereof.
Unless the Swing Line Lender has received notice (by telephone or in writing)
from the Administrative Agent (including at the request of any Lender) prior to
2:00 p.m. on the date of the proposed Swing Line Borrowing (A) directing the
Swing Line Lender not to make such Swing Line Loan as a result of the
limitations set forth in the first proviso to the first sentence of Section
2.04(a), or (B) that one or more of the applicable conditions specified in
Article IV is not then satisfied, then, subject to the terms and conditions
hereof, the Swing Line Lender will, not later than 3:00 p.m. on the borrowing
date specified in such Swing Line Loan Notice, make the amount of its Swing Line
Loan available to the Borrower at its office by crediting the account of the
Borrower on the books of the Swing Line Lender in immediately available funds.

      (c) Refinancing of Swing Line Loans.

            (i) The Swing Line Lender at any time in its sole and absolute
      discretion may request, on behalf of the Borrower (which hereby
      irrevocably authorizes the Swing Line Lender to so request on its behalf),
      that each Lender make a Base Rate Revolving Loan in an amount equal to
      such Lender's Applicable Percentage of the amount of Swing Line Loans then
      outstanding. Such request shall be made in writing (which written request
      shall be deemed to be a Revolving Loan Notice for purposes hereof) and in
      accordance with the requirements of Section 2.02, without regard to the
      minimum and multiples specified therein for the principal amount of Base
      Rate Loans, but subject to the unutilized portion of the Aggregate
      Commitments and the conditions set forth in Section 4.02. The Swing Line
      Lender shall furnish the Borrower with a copy of the applicable Revolving
      Loan Notice promptly after delivering such notice to the Administrative
      Agent. Each Lender shall make an amount equal to its Applicable Percentage
      of the amount specified in such Revolving Loan Notice available to the
      Administrative Agent in immediately available funds for the account of the
      Swing Line Lender at the Administrative Agent's Office not later than 1:00
      p.m. on the day specified in such Revolving Loan Notice, whereupon,
      subject to Section 2.04(c)(ii), each Lender that so makes funds available
      shall be deemed to have made a Base Rate Revolving Loan to the Borrower in
      such amount. The Administrative Agent shall remit the funds so received to
      the Swing Line Lender.

            (ii) If for any reason any Swing Line Loan cannot be refinanced by
      such a Revolving Borrowing in accordance with Section 2.04(c)(i), the
      request for Base Rate Revolving Loans submitted by the Swing Line Lender
      as set forth herein shall be deemed to be a request by the Swing Line
      Lender that each of the Lenders fund its risk participation in the
      relevant Swing Line Loan and each Lender's payment to the Administrative
      Agent for the account of the Swing Line Lender pursuant to Section
      2.04(c)(i) shall be deemed payment in respect of such participation.

            (iii) If any Lender fails to make available to the Administrative
      Agent for the account of the Swing Line Lender any amount required to be
      paid by such Lender

                                       30
<PAGE>

      pursuant to the foregoing provisions of this Section 2.04(c) by the time
      specified in Section 2.04(c)(i), the Swing Line Lender shall be entitled
      to recover from such Lender (acting through the Administrative Agent), on
      demand, such amount with interest thereon for the period from the date
      such payment is required to the date on which such payment is immediately
      available to the Swing Line Lender at a rate per annum equal to the
      greater of the Federal Funds Rate and a rate determined by the Swing Line
      Lender in accordance with banking industry rules on interbank
      compensation, plus any administrative, processing or similar fees
      customarily charged by the Swing Line Lender in connection with the
      foregoing. If such Lender pays such amount (with interest and fees as
      aforesaid), the amount so paid shall constitute such Lender's Revolving
      Loan included in the relevant Revolving Borrowing or funded participation
      in the relevant Swing Line Loan, as the case may be. A certificate of the
      Swing Line Lender submitted to any Lender (through the Administrative
      Agent) with respect to any amounts owing under this clause (iii) shall be
      conclusive absent manifest error.

            (iv) Each Lender's obligation to make Revolving Loans or to purchase
      and fund risk participations in Swing Line Loans pursuant to this Section
      2.04(c) shall be absolute and unconditional and shall not be affected by
      any circumstance, including (A) any setoff, counterclaim, recoupment,
      defense or other right which such Lender may have against the Swing Line
      Lender, the Borrower or any other Person for any reason whatsoever, (B)
      the occurrence or continuance of a Default, or (C) any other occurrence,
      event or condition, whether or not similar to any of the foregoing;
      provided, however, that each Lender's obligation to make Revolving Loans
      pursuant to this Section 2.04(c) is subject to the conditions set forth in
      Section 4.02. No such funding of risk participations shall relieve or
      otherwise impair the obligation of the Borrower to repay Swing Line Loans,
      together with interest as provided herein.

      (d) Repayment of Participations.

            (i) At any time after any Lender has purchased and funded a risk
      participation in a Swing Line Loan, if the Swing Line Lender receives any
      payment on account of such Swing Line Loan, the Swing Line Lender will
      distribute to such Lender its Applicable Percentage thereof in the same
      funds as those received by the Swing Line Lender.

            (ii) If any payment received by the Swing Line Lender in respect of
      principal or interest on any Swing Line Loan is required to be returned by
      the Swing Line Lender under any of the circumstances described in Section
      10.05 (including pursuant to any settlement entered into by the Swing Line
      Lender in its discretion), each Lender shall pay to the Swing Line Lender
      its Applicable Percentage thereof on demand of the Administrative Agent,
      plus interest thereon from the date of such demand to the date such amount
      is returned, at a rate per annum equal to the Federal Funds Rate. The
      Administrative Agent will make such demand upon the request of the Swing
      Line Lender. The obligations of the Lenders under this clause shall
      survive the payment in full of the Obligations and the termination of this
      Agreement.

      (e) Interest for Account of Swing Line Lender. The Swing Line Lender shall
be responsible for invoicing the Borrower for interest on the Swing Line Loans.
Until each Lender funds its Base Rate Revolving Loan or risk participation
pursuant to this Section 2.04 to refinance such Lender's Applicable Percentage
of any Swing Line Loan, interest in respect of such Applicable Percentage shall
be solely for the account of the Swing Line Lender.

                                       31
<PAGE>

      (f) Payments Directly to Swing Line Lender. The Borrower shall make all
payments of principal and interest in respect of the Swing Line Loans directly
to the Swing Line Lender.

      2.05. PREPAYMENTS.

      (a) The Borrower may, upon notice to the Administrative Agent, at any time
or from time to time voluntarily prepay Revolving Loans in whole or in part
without premium or penalty; provided that (i) such notice must be received by
the Administrative Agent not later than 11:00 a.m. (A) three Business Days prior
to any date of prepayment of Eurodollar Rate Loans and (B) on the date of
prepayment of Base Rate Revolving Loans; (ii) any prepayment of Eurodollar Rate
Loans shall be in a principal amount of $3,000,000 or a whole multiple of
$1,000,000 in excess thereof; and (iii) any prepayment of Base Rate Revolving
Loans shall be in a principal amount of $500,000 or a whole multiple of $100,000
in excess thereof or, in each case, if less, the entire principal amount thereof
then outstanding. Each such notice shall specify the date and amount of such
prepayment and the Type(s) of Revolving Loans to be prepaid and, if Eurodollar
Rate Loans are to be prepaid, the Interest Period(s) of such Loans. The
Administrative Agent will promptly notify each Lender of its receipt of each
such notice, and of the amount of such Lender's Applicable Percentage of such
prepayment. If such notice is given by the Borrower, the Borrower shall make
such prepayment and the payment amount specified in such notice shall be due and
payable on the date specified therein. Any prepayment of a Eurodollar Rate Loan
shall be accompanied by all accrued interest on the amount prepaid, together
with any additional amounts required pursuant to Section 3.05. Each such
prepayment shall be applied to the Revolving Loans of the Lenders in accordance
with their respective Applicable Percentages.

      (b) The Borrower may, upon notice to the Swing Line Lender (with a copy to
the Administrative Agent), at any time or from time to time, voluntarily prepay
Swing Line Loans in whole or in part without premium or penalty; provided that
(i) such notice must be received by the Swing Line Lender and the Administrative
Agent not later than 1:00 p.m. on the date of the prepayment, and (ii) any such
prepayment shall be in a minimum principal amount of $100,000. Each such notice
shall specify the date and amount of such prepayment. If such notice is given by
the Borrower, the Borrower shall make such prepayment and the payment amount
specified in such notice shall be due and payable on the date specified therein.

      (c) If for any reason the Total Outstandings at any time exceed the
Aggregate Commitments then in effect, the Borrower shall immediately prepay
Loans and/or Cash Collateralize the L/C Obligations in an aggregate amount equal
to such excess; provided, however, that the Borrower shall not be required to
Cash Collateralize the L/C Obligations pursuant to this Section 2.05(c) unless
after the prepayment in full of the Loans the Total Outstandings exceed the
Aggregate Commitments then in effect.

      2.06. TERMINATION OR REDUCTION OF COMMITMENTS. The Borrower may, upon
notice to the Administrative Agent, terminate the Aggregate Commitments, or from
time to time permanently reduce the Aggregate Commitments; provided that (i) any
such notice shall be received by the Administrative Agent not later than 11:00
a.m. five Business Days prior to the date of termination or reduction, (ii) any
such partial reduction shall be in an aggregate amount of $10,000,000 or any
whole multiple of $1,000,000 in excess thereof, (iii) the Borrower shall not
terminate or reduce the Aggregate Commitments if, after giving effect thereto
and to any concurrent prepayments hereunder, the Total Outstandings would exceed
the Aggregate Commitments, and (iv) if, after giving effect to any reduction of
the Aggregate Commitments, the Letter of Credit Sublimit or the Swing Line
Sublimit exceeds the amount of the Aggregate Commitments, such Sublimit shall be
automatically reduced by the amount of such excess. The

                                       32
<PAGE>

Administrative Agent will promptly notify the Lenders of any such notice of
termination or reduction of the Aggregate Commitments. Any reduction of the
Aggregate Commitments shall be applied to the Commitment of each Lender
according to its Applicable Percentage. All fees accrued until the effective
date of any termination of the Aggregate Commitments shall be paid on the
effective date of such termination.

      2.07. REPAYMENT OF LOANS.

      (a) The Borrower shall repay to the Lenders on the Maturity Date the
aggregate principal amount of Revolving Loans outstanding on such date.

      (b) The Borrower shall repay each Swing Line Loan on the earlier to occur
of (i) the date ten Business Days after such Loan is made and (ii) the Maturity
Date.

      2.08. INTEREST.

      (a) Subject to the provisions of subsection (b) below, (i) each Eurodollar
Rate Loan shall bear interest on the outstanding principal amount thereof for
each Interest Period at a rate per annum equal to the Eurodollar Rate for such
Interest Period plus the Applicable Rate for Eurodollar Rate Loans; (ii) each
Base Rate Revolving Loan shall bear interest on the outstanding principal amount
thereof from the applicable borrowing date at a rate per annum equal to the Base
Rate plus the Applicable Rate for Base Rate Loans; and (iii) each Swing Line
Loan shall bear interest on the outstanding principal amount thereof from the
applicable borrowing date at a rate per annum equal to the Base Rate plus the
Applicable Rate for Base Rate Loans.

      (b) (i) If any amount of principal of any Loan is not paid when due
(without regard to any applicable grace periods), whether at stated maturity, by
acceleration or otherwise, such amount shall thereafter bear interest at a
fluctuating interest rate per annum at all times equal to the Default Rate to
the fullest extent permitted by applicable Laws.

            (ii) If any amount (other than principal of any Loan) payable by the
      Borrower under any Loan Document is not paid when due (without regard to
      any applicable grace periods), whether at stated maturity, by acceleration
      or otherwise, then upon the request of the Required Lenders, such amount
      shall thereafter bear interest at a fluctuating interest rate per annum at
      all times equal to the Default Rate to the fullest extent permitted by
      applicable Laws.

            (iii) Upon the request of the Required Lenders, while any Event of
      Default exists, the Borrower shall pay interest on the principal amount of
      all outstanding Obligations hereunder at a fluctuating interest rate per
      annum at all times equal to the Default Rate to the fullest extent
      permitted by applicable Laws.

            (iv) Accrued and unpaid interest on past due amounts (including
      interest on past due interest) shall be due and payable upon demand.

      (c) Interest on each Loan shall be due and payable in arrears on each
Interest Payment Date applicable thereto and at such other times as may be
specified herein. Interest hereunder shall be due and payable in accordance with
the terms hereof before and after judgment, and before and after the
commencement of any proceeding under any Debtor Relief Law.

      2.09. FEES. In addition to certain fees described in subsections (i) and
(j) of Section 2.03:

      (a) Commitment Fee. The Borrower shall pay to the Administrative Agent for
the account of each Lender in accordance with its Applicable Percentage, a
commitment fee equal to the Applicable Rate for Commitment Fees times the actual
daily amount by which the Aggregate Commitments exceed the sum of (i) the
Outstanding Amount of Revolving Loans and (ii) the

                                       33
<PAGE>

Outstanding Amount of L/C Obligations. The commitment fee shall accrue at all
times during the Availability Period, including at any time during which one or
more of the conditions in Article IV is not met, and shall be due and payable
quarterly in arrears on the last Business Day of each March, June, September and
December, commencing with the first such date to occur after the Closing Date,
and on the last day of the Availability Period. The commitment fee shall be
calculated quarterly in arrears, and if there is any change in the Applicable
Rate for Commitment Fees during any quarter, the actual daily amount shall be
computed and multiplied by the Applicable Rate separately for each period during
such quarter that such Applicable Rate was in effect.

      (b) Other Fees. (i) The Borrower shall pay to the Arrangers, the
Administrative Agent and the Syndication Agent for their own respective accounts
fees in the amounts and at the times specified in the Fee Letters. Such fees
shall be fully earned when paid and shall not be refundable for any reason
whatsoever.

            (ii) The Borrower shall pay to the Lenders such fees as shall have
      been separately agreed upon in writing in the amounts and at the times so
      specified. Such fees shall be fully earned when paid and shall not be
      refundable for any reason whatsoever.

      2.10. COMPUTATION OF INTEREST AND FEES; RETROACTIVE ADJUSTMENTS OF
APPLICABLE RATE. (a) All computations of interest for Base Rate Loans when the
Base Rate is determined by Bank of America's "prime rate" shall be made on the
basis of a year of 365 or 366 days, as the case may be, and actual days elapsed.
All other computations of fees and interest shall be made on the basis of a
360-day year and actual days elapsed (which results in more fees or interest, as
applicable, being paid than if computed on the basis of a 365-day year).
Interest shall accrue on each Loan for the day on which the Loan is made, and
shall not accrue on a Loan, or any portion thereof, for the day on which the
Loan or such portion is paid, provided that any Loan that is repaid on the same
day on which it is made shall, subject to Section 2.12(a), bear interest for one
day. Each determination by the Administrative Agent of an interest rate or fee
hereunder shall be conclusive and binding for all purposes, absent manifest
error.

(b) If, as a result of any restatement of or other adjustment to the financial
statements of the Borrower or for any other reason, the Borrower or the Lenders
determine that (i) the Consolidated Leverage Ratio as calculated by the Borrower
as of any applicable date was inaccurate and (ii) a proper calculation of the
Consolidated Leverage Ratio would have resulted in higher pricing for such
period, the Borrower shall immediately and retroactively be obligated to pay to
the Administrative Agent for the account of the applicable Lenders, promptly on
demand by the Administrative Agent (or, after the occurrence of an actual or
deemed entry of an order for relief with respect to the Borrower under the
Bankruptcy Code of the United States, automatically and without further action
by the Administrative Agent, any Lender or the L/C Issuer), an amount equal to
the excess of the amount of interest and fees that should have been paid for
such period over the amount of interest and fees actually paid for such period.
This paragraph shall not limit the rights of the Administrative Agent, any
Lender or the L/C Issuer, as the case may be, under Section 2.03(c)(iii),
2.03(i) or 2.08(b) or under Article VIII. The Borrower's obligations under this
paragraph shall survive the termination of the Aggregate Commitments and the
repayment of all other Obligations hereunder.

      2.11. EVIDENCE OF DEBT.

      (a) The Credit Extensions made by each Lender shall be evidenced by one or
more accounts or records maintained by such Lender and by the Administrative
Agent in the ordinary course of business. The accounts or records maintained by
the Administrative Agent and each

                                       34
<PAGE>

Lender shall be conclusive absent manifest error of the amount of the Credit
Extensions made by the Lenders to the Borrower and the interest and payments
thereon. Any failure to so record or any error in doing so shall not, however,
limit or otherwise affect the obligation of the Borrower hereunder to pay any
amount owing with respect to the Obligations. In the event of any conflict
between the accounts and records maintained by any Lender and the accounts and
records of the Administrative Agent in respect of such matters, the accounts and
records of the Administrative Agent shall control in the absence of manifest
error. Upon the request of any Lender made through the Administrative Agent, the
Borrower shall execute and deliver to such Lender (through the Administrative
Agent) a Note, which shall evidence such Lender's Loans in addition to such
accounts or records. Each Lender may attach schedules to its Note and endorse
thereon the date, Type (if applicable), amount and maturity of its Loans and
payments with respect thereto.

      (b) In addition to the accounts and records referred to in subsection (a),
each Lender and the Administrative Agent shall maintain in accordance with its
usual practice accounts or records evidencing the purchases and sales by such
Lender of participations in Letters of Credit and Swing Line Loans. In the event
of any conflict between the accounts and records maintained by the
Administrative Agent and the accounts and records of any Lender in respect of
such matters, the accounts and records of the Administrative Agent shall control
in the absence of manifest error.

      2.12. PAYMENTS GENERALLY; ADMINISTRATIVE AGENT'S CLAWBACK.

      (a) General. All payments to be made by the Borrower shall be made without
condition or deduction for any counterclaim, defense, recoupment or setoff.
Except as otherwise expressly provided herein, all payments by the Borrower
hereunder shall be made to the Administrative Agent, for the account of the
respective Lenders to which such payment is owed, at the Administrative Agent's
Office in Dollars and in immediately available funds not later than 2:00 p.m. on
the date specified herein. The Administrative Agent will promptly distribute to
each Lender its Applicable Percentage (or other applicable share as provided
herein) of such payment in like funds as received by wire transfer to such
Lender's Lending Office. All payments received by the Administrative Agent after
2:00 p.m. shall be deemed received on the next succeeding Business Day and any
applicable interest or fee shall continue to accrue. If any payment to be made
by the Borrower shall come due on a day other than a Business Day, payment shall
be made on the next following Business Day, and such extension of time shall be
reflected in computing interest or fees, as the case may be.

      (b) (i) Funding by Lenders; Presumption by Administrative Agent. Unless
the Administrative Agent shall have received notice from a Lender prior to the
proposed date of any Revolving Borrowing of Eurodollar Rate Loans (or, in the
case of any Revolving Borrowing of Base Rate Loans, prior to 12:00 noon on the
date of such Revolving Borrowing) that such Lender will not make available to
the Administrative Agent such Lender's share of such Revolving Borrowing, the
Administrative Agent may assume that such Lender has made such share available
on such date in accordance with Section 2.02 (or, in the case of a Revolving
Borrowing of Base Rate Loans, that such Lender has made such share available in
accordance with and at the time required by Section 2.02) and may, in reliance
upon such assumption, make available to the Borrower a corresponding amount. In
such event, if a Lender has not in fact made its share of the applicable
Revolving Borrowing available to the Administrative Agent, then the applicable
Lender and the Borrower severally agree to pay to the Administrative Agent
forthwith on demand such corresponding amount in immediately available funds
with interest

                                       35
<PAGE>

thereon, for each day from and including the date such amount is made available
to the Borrower to but excluding the date of payment to the Administrative
Agent, at (A) in the case of a payment to be made by such Lender, the greater of
the Federal Funds Rate and a rate determined by the Administrative Agent in
accordance with banking industry rules on interbank compensation, plus any
administrative, processing or similar fees customarily charged by the
Administrative Agent in connection with the foregoing, and (B) in the case of a
payment to be made by the Borrower, the interest rate applicable to Base Rate
Loans. If the Borrower and such Lender shall pay such interest to the
Administrative Agent for the same or an overlapping period, the Administrative
Agent shall promptly remit to the Borrower the amount of such interest paid by
the Borrower for such period. If such Lender pays its share of the applicable
Revolving Borrowing to the Administrative Agent, then the amount so paid shall
constitute such Lender's Revolving Loan included in such Revolving Borrowing.
Any payment by the Borrower shall be without prejudice to any claim the Borrower
may have against a Lender that shall have failed to make such payment to the
Administrative Agent.

            (ii) Payments by Borrower; Presumptions by Administrative Agent.
      Unless the Administrative Agent shall have received notice from the
      Borrower prior to the date on which any payment is due to the
      Administrative Agent for the account of the Lenders or the L/C Issuer
      hereunder that the Borrower will not make such payment, the Administrative
      Agent may assume that the Borrower has made such payment on such date in
      accordance herewith and may, in reliance upon such assumption, distribute
      to the Lenders or the L/C Issuer, as the case may be, the amount due. In
      such event, if the Borrower has not in fact made such payment, then each
      of the Lenders or the L/C Issuer, as the case may be, severally agrees to
      repay to the Administrative Agent forthwith on demand the amount so
      distributed to such Lender or the L/C Issuer, in immediately available
      funds with interest thereon, for each day from and including the date such
      amount is distributed to it to but excluding the date of payment to the
      Administrative Agent, at the greater of the Federal Funds Rate and a rate
      determined by the Administrative Agent in accordance with banking industry
      rules on interbank compensation.

A notice of the Administrative Agent to any Lender or the Borrower with respect
to any amount owing under this subsection (b) shall be conclusive, absent
manifest error.

      (c) Failure to Satisfy Conditions Precedent. If any Lender makes available
to the Administrative Agent funds for any Loan to be made by such Lender as
provided in the foregoing provisions of this Article II, and such funds are not
made available to the Borrower by the Administrative Agent because the
conditions to the applicable Credit Extension set forth in Article IV are not
satisfied or waived in accordance with the terms hereof, the Administrative
Agent shall return such funds (in like funds as received from such Lender) to
such Lender, without interest.

      (d) Obligations of Lenders Several. The obligations of the Lenders
hereunder to make Revolving Loans, to fund participations in Letters of Credit
and Swing Line Loans and to make payments pursuant to Section 10.04(c) are
several and not joint. The failure of any Lender to make any Revolving Loan, to
fund any such participation or to make any payment under Section 10.04(c) on any
date required hereunder shall not relieve any other Lender of its corresponding
obligation to do so on such date, and no Lender shall be responsible for the
failure of any other Lender to so make its Revolving Loan, to purchase its
participation or to make its payment under Section 10.04(c).

                                       36
<PAGE>

      (e) Funding Source. Nothing herein shall be deemed to obligate any Lender
to obtain the funds for any Loan in any particular place or manner or to
constitute a representation by any Lender that it has obtained or will obtain
the funds for any Loan in any particular place or manner.

      2.13. SHARING OF PAYMENTS BY LENDERS. If any Lender shall, by exercising
any right of setoff or counterclaim or otherwise, obtain payment in respect of
any principal of or interest on any of the Revolving Loans made by it, or the
participations in L/C Obligations or in Swing Line Loans held by it resulting in
such Lender's receiving payment of a proportion of the aggregate amount of such
Revolving Loans or participations and accrued interest thereon greater than its
pro rata share thereof as provided herein, then the Lender receiving such
greater proportion shall (a) notify the Administrative Agent of such fact, and
(b) purchase (for cash at face value) participations in the Revolving Loans and
subparticipations in L/C Obligations and Swing Line Loans of the other Lenders,
or make such other adjustments as shall be equitable, so that the benefit of all
such payments shall be shared by the Lenders ratably in accordance with the
aggregate amount of principal of and accrued interest on their respective
Revolving Loans and other amounts owing them, provided that:

            (i) if any such participations or subparticipations are purchased
      and all or any portion of the payment giving rise thereto is recovered,
      such participations or subparticipations shall be rescinded and the
      purchase price restored to the extent of such recovery, without interest;
      and

            (ii) the provisions of this Section shall not be construed to apply
      to (x) any payment made by the Borrower pursuant to and in accordance with
      the express terms of this Agreement or (y) any payment obtained by a
      Lender as consideration for the assignment of or sale of a participation
      in any of its Revolving Loans or subparticipations in L/C Obligations or
      Swing Line Loans to any assignee or participant, other than to the
      Borrower or any Subsidiary thereof (as to which the provisions of this
      Section shall apply).

The Borrower consents to the foregoing and agrees, to the extent it may
effectively do so under applicable law, that any Lender acquiring a
participation pursuant to the foregoing arrangements may exercise against the
Borrower rights of setoff and counterclaim with respect to such participation as
fully as if such Lender were a direct creditor of the Borrower in the amount of
such participation.

      2.14. INCREASE IN COMMITMENTS.

      (a) Request for Increase. Provided there exists no Default, upon notice to
the Administrative Agent (which shall promptly notify the Lenders), the Borrower
may from time to time request an increase (each, a "Credit Increase") in the
Aggregate Commitments by an amount (for all such requests) not exceeding
$100,000,000; provided that (i) any such request for a Credit Increase shall be
in a minimum amount of $25,000,000, and (ii) the Borrower may make a maximum of
three such requests. Each request from the Borrower pursuant to this Section
2.14 shall set forth the requested amount and proposed terms of the relevant
Credit Increase. Credit Increases may be provided by any existing Lender or by
any other Eligible Assignee (any such other Eligible Assignee being called an
"Additional Lender"); provided that the Borrower and the Administrative Agent
shall have consented to such Lender's or Additional Lender's providing such
Credit Increases.

      (b) Amendment. Commitments in respect of Credit Increases shall become
Commitments (or in the case of a Commitment increase to be provided by an
existing Lender, an

                                       37
<PAGE>

increase in such Lender's Commitment) under this Agreement pursuant to an
amendment (an "Incremental Amendment") to this Agreement executed by the
Borrower, each Lender agreeing to provide such Commitment, if any, each
Additional Lender, if any, and the Administrative Agent. The Incremental
Amendment may, without the consent of any other Lenders, effect such amendments
to this Agreement and the other Loan Documents as may be necessary or
appropriate, in the reasonable opinion of the Administrative Agent and the
Borrower, to effect the provisions of this Section 2.14.

      (c) Notification by Administrative Agent. The Administrative Agent shall
notify the Borrower and each Lender of the Lenders' responses to each request
made hereunder.

      (d) Effective Date and Allocations. If the Aggregate Commitments are
increased in accordance with this Section, the Administrative Agent and the
Borrower shall determine the effective date (the "Increase Effective Date") and
the final allocation of such Credit Increase. The Administrative Agent shall
promptly notify the Borrower and the Lenders of the final allocation of such
Credit Increase and the Increase Effective Date.

      (e) Conditions to Effectiveness of Increase. As a condition precedent to
such increase, the Borrower shall deliver to the Administrative Agent a
certificate of each Loan Party dated as of the Increase Effective Date (in
sufficient copies for each Lender) signed by a Responsible Officer of such Loan
Party (i) certifying and attaching the resolutions adopted by such Loan Party
approving or consenting to such increase, and (ii) in the case of the Borrower,
certifying that, before and after giving effect to such increase, (A) the
representations and warranties contained in Article V and the other Loan
Documents are true and correct on and as of the Increase Effective Date, except
to the extent that such representations and warranties specifically refer to an
earlier date, in which case they are true and correct as of such earlier date,
and except that for purposes of this Section 2.14, the representations and
warranties contained in subsections (a) and (b) of Section 5.05 shall be deemed
to refer to the most recent statements furnished pursuant to clauses (a) and
(b), respectively, of Section 6.01, and (B) no Default exists. The Borrower
shall prepay any Revolving Loans outstanding on the Increase Effective Date (and
pay any additional amounts required pursuant to Section 3.05) to the extent
necessary to keep the outstanding Revolving Loans ratable with any revised
Applicable Percentages arising from any nonratable increase in the Commitments
under this Section.

      (f) Conflicting Provisions. This Section shall supersede any provisions in
Section 2.13 or 10.01 to the contrary.

                                  ARTICLE III.
                     TAXES, YIELD PROTECTION AND ILLEGALITY

      3.01. TAXES.

      (a) Payments Free of Taxes. Any and all payments by or on account of any
obligation of the Borrower hereunder or under any other Loan Document shall be
made free and clear of and without reduction or withholding for any Indemnified
Taxes or Other Taxes, provided that if the Borrower shall be required by
applicable law to deduct any Indemnified Taxes (including any Other Taxes) from
such payments, then (i) the sum payable shall be increased as necessary so that
after making all required deductions (including deductions applicable to
additional sums payable under this Section) the Administrative Agent, Lender or
L/C Issuer, as the case may be, receives an amount equal to the sum it would
have received had no such deductions been made, (ii) the Borrower shall make
such deductions and (iii) the Borrower shall timely pay the full amount deducted
to the relevant Governmental Authority in accordance with applicable law.

                                       38
<PAGE>

      (b) Payment of Other Taxes by the Borrower. Without limiting the
provisions of subsection (a) above, the Borrower shall timely pay any Other
Taxes to the relevant Governmental Authority in accordance with applicable law.

      (c) Indemnification by the Borrower. The Borrower shall indemnify the
Administrative Agent, each Lender and the L/C Issuer, within 10 days after
demand therefor, for the full amount of any Indemnified Taxes or Other Taxes
(including Indemnified Taxes or Other Taxes imposed or asserted on or
attributable to amounts payable under this Section) paid by the Administrative
Agent, such Lender or the L/C Issuer, as the case may be, and any penalties,
interest and reasonable expenses arising therefrom or with respect thereto,
whether or not such Indemnified Taxes or Other Taxes were correctly or legally
imposed or asserted by the relevant Governmental Authority. A certificate as to
the amount of such payment or liability delivered to the Borrower by a Lender or
the L/C Issuer (with a copy to the Administrative Agent), or by the
Administrative Agent on its own behalf or on behalf of a Lender or the L/C
Issuer, shall be conclusive absent manifest error.

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

      (e) Status of Lenders. Any Foreign Lender that is entitled to an exemption
from or reduction of withholding tax under the law of the jurisdiction in which
the Borrower is resident for tax purposes, or any treaty to which such
jurisdiction is a party, with respect to payments hereunder or under any other
Loan Document shall deliver to the Borrower (with a copy to the Administrative
Agent), at the time or times prescribed by applicable law or reasonably
requested by the Borrower or the Administrative Agent, such properly completed
and executed documentation prescribed by applicable law as will permit such
payments to be made without withholding or at a reduced rate of withholding. In
addition, any Lender, if requested by the Borrower or the Administrative Agent,
shall deliver such other documentation prescribed by applicable law or
reasonably requested by the Borrower or the Administrative Agent as will enable
the Borrower or the Administrative Agent to determine whether or not such Lender
is subject to backup withholding or information reporting requirements.

Without limiting the generality of the foregoing, in the event that the Borrower
is resident for tax purposes in the United States, any Foreign Lender shall
deliver to the Borrower and the Administrative Agent (in such number of copies
as shall be requested by the recipient) on or prior to the date on which such
Foreign Lender becomes a Lender under this Agreement (and from time to time
thereafter upon the request of the Borrower or the Administrative Agent, but
only if such Foreign Lender is legally entitled to do so), whichever of the
following is applicable:

            (i) duly completed copies of Internal Revenue Service Form W-8BEN
      claiming eligibility for benefits of an income tax treaty to which the
      United States is a party,

            (ii) duly completed copies of Internal Revenue Service Form W-8ECI,

            (iii) in the case of a Foreign Lender claiming the benefits of the
      exemption for portfolio interest under section 881(c) of the Code, (x) a
      certificate to the effect that such Foreign Lender is not (A) a "bank"
      within the meaning of section 881(c)(3)(A) of the Code, (B) a "10 percent
      shareholder" of the Borrower within the meaning of section 881(c)(3)(B) of
      the Code, or (C) a "controlled foreign corporation" described in section
      881(c)(3)(C) of the Code and (y) duly completed copies of Internal Revenue
      Service Form W-8BEN, or

                                       39
<PAGE>

            (iv) any other form prescribed by applicable law as a basis for
      claiming exemption from or a reduction in United States Federal
      withholding tax duly completed together with such supplementary
      documentation as may be prescribed by applicable law to permit the
      Borrower to determine the withholding or deduction required to be made.

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

      3.02. ILLEGALITY. If any Lender determines that any Law has made it
unlawful, or that any Governmental Authority has asserted that it is unlawful,
for any Lender or its applicable Lending Office to make, maintain or fund
Eurodollar Rate Loans, or to determine or charge interest rates based upon the
Eurodollar Rate, or any Governmental Authority has imposed material restrictions
on the authority of such Lender to purchase or sell, or to take deposits of,
Dollars in the London interbank market, then, on notice thereof by such Lender
to the Borrower through the Administrative Agent, any obligation of such Lender
to make or continue Eurodollar Rate Loans or to convert Base Rate Revolving
Loans to Eurodollar Rate Loans shall be suspended until such Lender notifies the
Administrative Agent and the Borrower that the circumstances giving rise to such
determination no longer exist. Upon receipt of such notice, the Borrower shall,
upon demand from such Lender (with a copy to the Administrative Agent), prepay
or, if applicable, convert all Eurodollar Rate Loans of such Lender to Base Rate
Loans, either on the last day of the Interest Period therefor, if such Lender
may lawfully continue to maintain such Eurodollar Rate Loans to such day, or
immediately, if such Lender may not lawfully continue to maintain such
Eurodollar Rate Loans. Upon any such prepayment or conversion, the Borrower
shall also pay accrued interest on the amount so prepaid or converted.

      3.03. INABILITY TO DETERMINE RATES. If the Required Lenders determine that
for any reason in connection with any request for a Eurodollar Rate Loan or a
conversion to or continuation thereof that (a) Dollar deposits are not being
offered to banks in the London interbank eurodollar market for the applicable
amount and Interest Period of such Eurodollar Rate Loan, (b) adequate and
reasonable means do not exist for determining the Eurodollar Rate for any
requested Interest Period with respect to a proposed Eurodollar Rate Loan , or
(c) the Eurodollar Rate for any requested Interest Period with respect to a
proposed Eurodollar Rate

                                       40
<PAGE>

Loan does not adequately and fairly reflect the cost to such Lenders of funding
such Loan, the Administrative Agent will promptly so notify the Borrower and
each Lender. Thereafter, the obligation of the Lenders to make or maintain
Eurodollar Rate Loans shall be suspended until the Administrative Agent (upon
the instruction of the Required Lenders) revokes such notice. Upon receipt of
such notice, the Borrower may revoke any pending request for a Borrowing of,
conversion to or continuation of Eurodollar Rate Loans or, failing that, will be
deemed to have converted such request into a request for a Revolving Borrowing
of Base Rate Loans in the amount specified therein.

      3.04. INCREASED COSTS; RESERVES ON EURODOLLAR RATE LOANS.

      (a) Increased Costs Generally. If any Change in Law shall:

            (i) impose, modify or deem applicable any reserve, special deposit,
      compulsory loan, insurance charge or similar requirement against assets
      of, deposits with or for the account of, or credit extended or
      participated in by, any Lender (except any reserve requirement
      contemplated by Section 3.04(e)) or the L/C Issuer;

            (ii) subject any Lender or the L/C Issuer to any tax of any kind
      whatsoever with respect to this Agreement, any Letter of Credit, any
      participation in a Letter of Credit or any Eurodollar Rate Loan made by
      it, or change the basis of taxation of payments to such Lender or the L/C
      Issuer in respect thereof (except for Indemnified Taxes or Other Taxes
      covered by Section 3.01 and the imposition of, or any change in the rate
      of, any Excluded Tax payable by such Lender or the L/C Issuer); or

            (iii) impose on any Lender or the L/C Issuer or the London interbank
      market any other condition, cost or expense affecting this Agreement or
      Eurodollar Rate Loans made by such Lender or any Letter of Credit or
      participation therein;

and the result of any of the foregoing shall be to increase the cost to such
Lender of making or maintaining any Eurodollar Rate Loan (or of maintaining its
obligation to make any such Loan), or to increase the cost to such Lender or the
L/C Issuer of participating in, issuing or maintaining any Letter of Credit (or
of maintaining its obligation to participate in or to issue any Letter of
Credit), or to reduce the amount of any sum received or receivable by such
Lender or the L/C Issuer hereunder (whether of principal, interest or any other
amount) then, upon request of such Lender or the L/C Issuer, the Borrower will
pay to such Lender or the L/C Issuer, as the case may be, such additional amount
or amounts as will compensate such Lender or the L/C Issuer, as the case may be,
for such additional costs incurred or reduction suffered.

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

                                       41
<PAGE>

      (c) Certificates for Reimbursement. A certificate of a Lender or the L/C
Issuer setting forth the amount or amounts necessary to compensate such Lender
or the L/C Issuer or its holding company, as the case may be, as specified in
subsection (a) or (b) of this Section and delivered to the Borrower shall be
conclusive absent manifest error. The Borrower shall pay such Lender or the L/C
Issuer, as the case may be, the amount shown as due on any such certificate
within 10 days after receipt thereof.

      (d) Delay in Requests. Failure or delay on the part of any Lender or the
L/C Issuer to demand compensation pursuant to the foregoing provisions of this
Section shall not constitute a waiver of such Lender's or the L/C Issuer's right
to demand such compensation, provided that the Borrower shall not be required to
compensate a Lender or the L/C Issuer pursuant to the foregoing provisions of
this Section for any increased costs incurred or reductions suffered more than
six months prior to the date that such Lender or the L/C Issuer, as the case may
be, notifies the Borrower of the Change in Law giving rise to such increased
costs or reductions and of such Lender's or the L/C Issuer's intention to claim
compensation therefor (except that, if the Change in Law giving rise to such
increased costs or reductions is retroactive, then the six-month period referred
to above shall be extended to include the period of retroactive effect thereof).

(e) Reserves on Eurodollar Rate Loans. The Borrower shall pay to each Lender, as
long as such Lender shall be required to maintain reserves with respect to
liabilities or assets consisting of or including Eurocurrency funds or deposits
(currently known as "Eurocurrency liabilities"), additional interest on the
unpaid principal amount of each Eurodollar Rate Loan equal to the actual costs
of such reserves allocated to such Loan by such Lender (as determined by such
Lender in good faith, which determination shall be conclusive), which shall be
due and payable on each date on which interest is payable on such Loan, provided
the Borrower shall have received at least 10 days' prior notice (with a copy to
the Administrative Agent) of such additional interest from such Lender. If a
Lender fails to give notice 10 days prior to the relevant Interest Payment Date,
such additional interest shall be due and payable 10 days from receipt of such
notice.

      3.05. COMPENSATION FOR LOSSES. Upon demand of any Lender (with a copy to
the Administrative Agent) from time to time, the Borrower shall promptly
compensate such Lender for and hold such Lender harmless from any loss, cost or
expense incurred by it as a result of:

      (a) any continuation, conversion, payment or prepayment of any Loan other
than a Base Rate Loan on a day other than the last day of the Interest Period
for such Loan (whether voluntary, mandatory, automatic, by reason of
acceleration, or otherwise);

      (b) any failure by the Borrower (for a reason other than the failure of
such Lender to make a Loan) to prepay, borrow, continue or convert any Loan
other than a Base Rate Loan on the date or in the amount notified by the
Borrower; or

(c) any assignment of a Eurodollar Rate Loan on a day other than the last day of
the Interest Period therefor as a result of a request by the Borrower pursuant
to Section 2.14 or 10.13;

excluding any loss of anticipated profits and any loss or expense arising from
the liquidation or reemployment of funds obtained by it to maintain such Loan or
from fees payable to terminate the deposits from which such funds were obtained.
The Borrower shall also pay any customary administrative fees charged by such
Lender in connection with the foregoing.

For purposes of calculating amounts payable by the Borrower to the Lenders under
this Section 3.05, each Lender shall be deemed to have funded each Eurodollar
Rate Loan made by it at the Eurodollar Rate for such Loan by a matching deposit
or other borrowing in the London interbank eurodollar market for a comparable
amount and for a comparable period, whether or not such Eurodollar Rate Loan was
in fact so funded.

                                       42
<PAGE>

      3.06. MITIGATION OBLIGATIONS; REPLACEMENT OF LENDERS.

      (a) Designation of a Different Lending Office. If any Lender requests
compensation under Section 3.04, or the Borrower is required to pay any
additional amount to any Lender or any Governmental Authority for the account of
any Lender pursuant to Section 3.01, or if any Lender gives a notice pursuant to
Section 3.02, then such Lender shall use reasonable efforts to designate a
different Lending Office for funding or booking its Loans hereunder or to assign
its rights and obligations hereunder to another of its offices, branches or
affiliates, if, in the judgment of such Lender, such designation or assignment
(i) would eliminate or reduce amounts payable pursuant to Section 3.01 or 3.04,
as the case may be, in the future, or eliminate the need for the notice pursuant
to Section 3.02, as applicable, and (ii) in each case, would not subject such
Lender to any unreimbursed cost or expense and would not otherwise be
disadvantageous to such Lender. The Borrower hereby agrees to pay all reasonable
costs and expenses incurred by any Lender in connection with any such
designation or assignment.

      (b) Replacement of Lenders. If any Lender requests compensation under
Section 3.04, or if the Borrower is required to pay any additional amount to any
Lender or any Governmental Authority for the account of any Lender pursuant to
Section 3.01, the Borrower may replace such Lender in accordance with Section
10.13.

      3.07. SURVIVAL. All of the Borrower's obligations under this Article III
shall survive termination of the Aggregate Commitments and repayment of all
other Obligations hereunder.

                                   ARTICLE IV.
                    CONDITIONS PRECEDENT TO CREDIT EXTENSIONS

      4.01. CONDITIONS OF INITIAL CREDIT EXTENSION. The obligation of the L/C
Issuer and each Lender to make its initial Credit Extension hereunder is subject
to satisfaction of the following conditions precedent:

      (a) The Administrative Agent's receipt of the following, each of which
shall be originals or telecopies (followed promptly by originals) unless
otherwise specified, each properly executed by a Responsible Officer of the
signing Loan Party, each dated the Closing Date (or, in the case of certificates
of governmental officials, a recent date before the Closing Date) and each in
form and substance satisfactory to the Administrative Agent and each of the
Lenders:

            (i) executed counterparts of this Agreement, the Guaranty and the
      other Loan Documents (other than the Issuer Documents), sufficient in
      number for distribution to the Administrative Agent, each Lender and the
      Borrower;

            (ii) a Note executed by the Borrower in favor of each Lender
      requesting a Note;

            (iii) such certificates of resolutions or other action, incumbency
      certificates and/or other certificates of Responsible Officers of each
      Loan Party as the Administrative Agent may require evidencing the
      identity, authority and capacity of each Responsible Officer thereof
      authorized to act as a Responsible Officer in connection with this
      Agreement and the other Loan Documents to which such Loan Party is a
      party;

            (iv) such documents and certifications as the Administrative Agent
      may reasonably require to evidence that each Loan Party is duly organized
      or formed, and that each Loan Party is validly existing, in good standing
      and qualified to engage in business in each jurisdiction where its
      ownership, lease or operation of properties or the conduct of its business
      requires such qualification, except to the extent that failure to do so
      could not reasonably be expected to have a Material Adverse Effect;

                                       43
<PAGE>

            (v) a favorable opinion of Wilmer Cutler Pickering Hale and Dorr,
      LLP, counsel to the Loan Parties, and such other local or special counsel
      as the Administrative Agent may reasonably request, in each case addressed
      to the Administrative Agent and each Lender and dated the Closing Date and
      addressing the matters set forth in Exhibit G;

            (vi) a certificate of a Responsible Officer of each Loan Party
      either (A) attaching copies of all consents, licenses and approvals
      required in connection with the execution, delivery and performance by
      such Loan Party and the validity against such Loan Party of the Loan
      Documents to which it is a party, and such consents, licenses and
      approvals shall be in full force and effect, or (B) stating that no such
      consents, licenses or approvals are so required;

            (vii) a certificate signed by a Responsible Officer of the Borrower
      certifying (A) that the conditions specified in Sections 4.02(a) and (b)
      have been satisfied, and (B) that there has been no event or circumstance
      since the date of the Audited Financial Statements that has had or could
      be reasonably expected to have, either individually or in the aggregate, a
      Material Adverse Effect;

            (viii) evidence that all insurance required to be maintained
      pursuant to the Loan Documents has been obtained and is in effect;

            (ix) evidence that the Existing Credit Agreement has been or
      concurrently with the Closing Date is being terminated;

            (x) a Solvency Certificate executed by the chief financial officer
      of the Borrower;

            (xi) the financial statements referred to in Section 5.05; and

            (xii) such other assurances, certificates, documents, consents or
      opinions as the Administrative Agent, the L/C Issuer, the Swing Line
      Lender or the Required Lenders reasonably may require.

      (b) All accrued fees and expenses of the Administrative Agent and the
Arrangers (including the reasonable fees and expenses of Edwards Angell Palmer &
Dodge LLP, counsel for the Administrative Agent and the Arrangers), required to
be paid on or before the Closing Date shall have been paid. The Borrower shall
have paid all items due and payable under the Fee Letters on or before the
Closing Date.

      (c) The Closing Date shall have occurred on or before June 30, 2007.

      (d) All Governmental Authority, shareholder and other consents and
approvals necessary or, in the opinion of the Administrative Agent, desirable in
connection with the Transactions shall have been received and shall be in full
force and effect and all third party consents shall have been received.

      (e) There shall not be any action, suit, investigation or proceeding
pending or, to the knowledge of the Borrower, threatened, in any court or before
any arbitrator or Governmental Authority that would reasonably be expected to
have a Material Adverse Effect.

Without limiting the generality of the provisions of the last paragraph of
Section 9.03, for purposes of determining compliance with the conditions
specified in this Section 4.01, each Lender that has signed this Agreement shall
be deemed to have consented to, approved or accepted or to be satisfied with,
each document or other matter required thereunder to be consented to or approved
by or acceptable or satisfactory to a Lender unless the Administrative Agent
shall have received notice from such Lender prior to the proposed Closing Date
specifying its objection thereto.

                                       44
<PAGE>

      4.02. CONDITIONS TO ALL CREDIT EXTENSIONS. The obligation of each Lender
to honor any Request for Credit Extension (other than a Revolving Loan Notice
requesting only a conversion of Revolving Loans to the other Type, or a
continuation of Eurodollar Rate Loans) is subject to the following conditions
precedent:

      (a) The representations and warranties of the Borrower contained in
Article V or any other Loan Document, or which are contained in any document
furnished at any time under or in connection herewith or therewith, shall be
true and correct on and as of the date of such Credit Extension, except to the
extent that such representations and warranties specifically refer to an earlier
date, in which case they shall be true and correct as of such earlier date, and
except that for purposes of this Section 4.02, the representations and
warranties contained in subsections (a) and (b) of Section 5.05 shall be deemed
to refer to the most recent statements furnished pursuant to clauses (a) and
(b), respectively, of Section 6.01.

      (b) No Default or Event of Default shall exist, or would result from such
proposed Credit Extension or from the application of the proceeds thereof.

      (c) The Administrative Agent and, if applicable, the L/C Issuer or the
Swing Line Lender shall have received a Request for Credit Extension in
accordance with the requirements hereof.

Each Request for Credit Extension (other than a Revolving Loan Notice requesting
only a conversion of Revolving Loans to the other Type or a continuation of
Eurodollar Rate Loans) submitted by the Borrower shall be deemed to be a
representation and warranty that the conditions specified in Sections 4.02(a)
and (b) have been satisfied on and as of the date of the applicable Credit
Extension.

                                   ARTICLE V.
                         REPRESENTATIONS AND WARRANTIES

The Borrower represents and warrants to the Administrative Agent and the Lenders
that:

      5.01. EXISTENCE, QUALIFICATION AND POWER The Borrower and each of its
Subsidiaries (a) is duly organized or formed, validly existing and, as
applicable, in good standing under the Laws of the jurisdiction of its
incorporation or organization, (b) has all requisite power and authority and all
requisite governmental licenses, authorizations, consents and approvals to (i)
own or lease its assets and carry on its business and (ii) execute, deliver and
perform its obligations under the Loan Documents to which it is a party, and (c)
is duly qualified and is licensed and, as applicable, in good standing under the
Laws of each jurisdiction where its ownership, lease or operation of properties
or the conduct of its business requires such qualification or license; except in
each case referred to in clause (b)(i) or (c), or where a Subsidiary other than
a Material Subsidiary is not in good standing as referred to in clause (a)
above, to the extent that failure to do so could not reasonably be expected to
have a Material Adverse Effect.

      5.02. AUTHORIZATION; NO CONTRAVENTION. The execution, delivery and
performance by the Borrower and each of its Subsidiaries of each Loan Document
to which such Person is party, have been duly authorized by all necessary
corporate or other organizational action, and do not and will not (a) contravene
the terms of any of such Person's Organization Documents; (b) conflict with or
result in any breach or contravention of, or the creation of any Lien under, or
require any payment to be made under (i) any Contractual Obligation to which
such Person is a party or affecting such Person or the properties of such Person
or any of its Subsidiaries or (ii)

                                       45
<PAGE>

any order, injunction, writ or decree of any Governmental Authority or any
arbitral award to which such Person or its property is subject; or (c) violate
any Law in any manner that is materially adverse to the Borrower and its
Subsidiaries, except, in each case referred to (x) in clause (b)(i), or (y) to
the extent relating to any order, injunction, writ or decree of any Governmental
Authority not specifically relating to such Person or its property, in clause
(b)(ii), to the extent that the same could not, individually or in the
aggregate, reasonably be expected to result in a Material Adverse Effect.

      5.03. GOVERNMENTAL AUTHORIZATION; OTHER CONSENTS. No approval, consent,
exemption, authorization, or other action by, or notice to, or filing with, any
Governmental Authority or any other Person is necessary or required in
connection with the execution, delivery or performance by, or enforcement
against, the Borrower or any of its Subsidiaries of this Agreement or any other
Loan Document.

      5.04. BINDING EFFECT. This Agreement has been, and each other Loan
Document, when delivered hereunder, will have been, duly executed and delivered
by each Loan Party that is party thereto. This Agreement constitutes, and each
other Loan Document when so delivered will constitute, a legal, valid and
binding obligation of such Loan Party, enforceable against each Loan Party that
is party thereto in accordance with its terms.

      5.05. FINANCIAL STATEMENTS; NO MATERIAL ADVERSE EFFECT.

      (a) The Audited Financial Statements (i) were prepared in accordance with
GAAP consistently applied throughout the period covered thereby, except as
otherwise expressly noted therein; (ii) fairly present the financial condition
of the Borrower and its Subsidiaries as of the date thereof and their results of
operations for the period covered thereby in accordance with GAAP consistently
applied throughout the period covered thereby, except as otherwise expressly
noted therein; and (iii) reflect or disclose all material indebtedness and other
liabilities, direct or contingent, of the Borrower and its Subsidiaries as of
the date thereof, including liabilities for taxes, material commitments and
Indebtedness.

      (b) The unaudited consolidated balance sheet of the Borrower and its
Subsidiaries dated March 31, 2007 and the related consolidated statements of
income or operations, shareholders' equity and cash flows for the fiscal quarter
ended on that date (i) were prepared in accordance with GAAP consistently
applied throughout the period covered thereby, except as otherwise expressly
noted therein, and (ii) fairly present the financial condition of the Borrower
and its Subsidiaries as of the date thereof and their results of operations for
the period covered thereby, subject, in the case of clauses (i) and (ii), to the
absence of footnotes and to normal year-end audit adjustments. Schedule 5.05
sets forth all material indebtedness and other liabilities, direct or
contingent, of the Borrower and its consolidated Subsidiaries as of the date of
such financial statements, including liabilities for taxes, material commitments
and Indebtedness, to the extent required to be disclosed in accordance with GAAP
and not set forth on the unaudited consolidated balance sheet described in the
previous sentence.

      (c) Since the date of the Audited Financial Statements, there has been no
event or circumstance, either individually or in the aggregate, that has had or
could reasonably be expected to have a Material Adverse Effect.

      (d) The consolidated forecasted balance sheet and statements of income and
cash flows of the Borrower and its Subsidiaries delivered pursuant to Section
6.01(c) were prepared in good faith on the basis of the assumptions stated
therein, which assumptions were fair in light of the conditions existing at the
time of delivery of such forecasts, and represented, at the time of delivery,
the Borrower's best estimate of its future financial condition and performance.

                                       46
<PAGE>

      5.06. LITIGATION. There are no actions, suits, proceedings, claims or
disputes pending or, to the knowledge of the Borrower, threatened, at law, in
equity, in arbitration or before any Governmental Authority, by or against the
Borrower or any of its Subsidiaries or against any of their properties or
revenues that (a) purport to affect or pertain to this Agreement or any other
Loan Document, or any of the transactions contemplated hereby, or (b) either
individually or in the aggregate, would reasonably be expected to have a
Material Adverse Effect.

      5.07. NO DEFAULT. Neither the Borrower nor any Subsidiary thereof is in
default under or with respect to any Contractual Obligation that could, either
individually or in the aggregate, reasonably be expected to have a Material
Adverse Effect. No Default has occurred and is continuing or would result from
the consummation of the transactions contemplated by this Agreement or any other
Loan Document.

      5.08. OWNERSHIP OF PROPERTY; LIENS. Each of the Borrower and each of its
Subsidiary has good record and marketable title in fee simple to, or valid
leasehold interests in, all real property necessary or used in the ordinary
conduct of its business, except for such defects in title as could not,
individually or in the aggregate, reasonably be expected to have a Material
Adverse Effect. The property of the Borrower and its Subsidiaries is subject to
no Liens, other than Liens permitted by Section 7.01.

      5.09. ENVIRONMENTAL COMPLIANCE. The Borrower and its Subsidiaries conduct
in the ordinary course of business a review of the effect of existing
Environmental Laws and claims alleging potential liability or responsibility for
violation of any Environmental Law on their respective businesses, operations
and properties, and as a result thereof the Borrower has reasonably concluded
that such Environmental Laws and claims could not, individually or in the
aggregate, reasonably be expected to have a Material Adverse Effect.

      5.10. INSURANCE. The properties of the Borrower and its Subsidiaries are
insured with financially sound and reputable insurance companies not Affiliates
of the Borrower, in such amounts with such deductibles and covering such risks
as are customarily carried by companies engaged in similar businesses and owning
similar properties in localities where the Borrower or the applicable Subsidiary
operates.

      5.11. TAXES. The Borrower and its Subsidiaries have filed all Federal,
state and other material tax returns and reports required to be filed, and have
paid all Federal, state and other material taxes, assessments, fees and other
governmental charges levied or imposed upon them or their properties, income or
assets otherwise due and payable, except those which are being contested in good
faith by appropriate proceedings diligently conducted and for which adequate
reserves have been provided in accordance with GAAP. There is no proposed tax
assessment against the Borrower or any Subsidiary that would, if made, have a
Material Adverse Effect. Neither any Loan Party nor any Subsidiary thereof is
party to any tax sharing agreement, other than the Tax Receivable Agreement.

      5.12. ERISA COMPLIANCE.

      (a) Each Plan is operated in compliance in all material respects with the
applicable provisions of ERISA, the Code and other Federal or state Laws. Since
its adoption, each Plan that is intended to qualify under Section 401(a) of the
Code has been operated and administered in accordance with a Plan document that
meets the qualification requirements of Section 401(a) of the Code and, to the
best knowledge of the Borrower, nothing has occurred which would prevent such
Plan from receiving a favorable determination letter from the IRS. The Borrower
and each ERISA Affiliate have made all required contributions to each Plan
subject to Section 412 of the Code, and no application for a funding waiver or
an extension of any amortization period pursuant to Section 412 of the Code has
been made with respect to any Plan.

                                       47
<PAGE>

      (b) There are no pending or, to the best knowledge of the Borrower,
threatened claims, actions or lawsuits, or action by any Governmental Authority,
with respect to any Plan that could reasonably be expected to have a Material
Adverse Effect. There has been no prohibited transaction or violation of the
fiduciary responsibility rules with respect to any Plan that has resulted or
could reasonably be expected to result in a Material Adverse Effect.

      (c) (i) No ERISA Event has occurred or is reasonably expected to occur;
(ii) no Pension Plan has any Unfunded Pension Liability; (iii) neither the
Borrower nor any ERISA Affiliate has incurred, or reasonably expects to incur,
any liability under Title IV of ERISA with respect to any Pension Plan (other
than premiums due and not delinquent under Section 4007 of ERISA); (iv) neither
the Borrower nor any ERISA Affiliate has incurred, or reasonably expects to
incur, any liability (and no event has occurred which, with the giving of notice
under Section 4219 of ERISA, would result in such liability) under Section 4201
or 4243 of ERISA with respect to a Multiemployer Plan; and (v) neither the
Borrower nor any ERISA Affiliate has engaged in a transaction that could be
subject to Section 4069 or 4212(c) of ERISA.

      5.13. SUBSIDIARIES; EQUITY INTERESTS. As of the Closing Date, (a) the
Borrower has no Subsidiaries other than those specifically disclosed in Part (a)
of Schedule 5.13, (b) all of the outstanding Equity Interests in such
Subsidiaries have been validly issued, are fully paid and nonassessable and are
owned by a Loan Party in the amounts specified on Part (a) of Schedule 5.13 free
and clear of all Liens and (c) the Borrower has no equity investments in any
other corporation or entity other than those specifically disclosed in Part(b)
of Schedule 5.13.

      5.14. MARGIN REGULATIONS; INVESTMENT COMPANY ACT.

      (a) No part of the proceeds of any Loan will be used in a manner that
would result in a violation of Regulation U or any of the other Regulations of
the FRB. If requested by any Lender or the Administrative Agent, the Company
will furnish to the Administrative Agent and each Lender a statement to the
forgoing effect in conformity with the requirements of FR Form G-3 or FR Form
U-1, as applicable, referred to in Regulation U.

      (b) None of the Borrower, any Person Controlling the Borrower, or any
Subsidiary is or is required to be registered as an "investment company" under
the Investment Company Act of 1940.

      5.15. DISCLOSURE. The Borrower has, either directly or as attached to the
Borrower's disclosures filed with the SEC on form 10-K or 10-Q, disclosed to the
Administrative Agent and the Lenders any and all agreements, instruments and
corporate or other restrictions to which it or any of its Subsidiaries is
subject that, individually or in the aggregate, could reasonably be expected to
result in a Material Adverse Effect. No report, financial statement, certificate
or other information furnished (whether in writing or orally) by or on behalf of
any Loan Party to the Administrative Agent or any Lender in connection with the
transactions contemplated hereby and the negotiation of this Agreement or
delivered hereunder or under any other Loan Document (in each case, as modified
or supplemented by other information so furnished) contains any material
misstatement of fact or omits to state any material fact necessary to make the
statements therein, in the light of the circumstances under which they were
made, not misleading; provided that, with respect to projected financial
information, the Borrower represents only that such information was prepared in
good faith based upon assumptions believed to be reasonable at the time.

                                       48
<PAGE>

      5.16. COMPLIANCE WITH LAWS. Each Loan Party and each Subsidiary thereof is
in compliance in all material respects with the requirements of all Laws and all
orders, writs, injunctions and decrees applicable to it or to its properties,
except in such instances in which (a) such requirement of Law or order, writ,
injunction or decree is being contested in good faith by appropriate proceedings
diligently conducted or (b) the failure to comply therewith, either individually
or in the aggregate, could not reasonably be expected to have a Material Adverse
Effect.

      5.17. TAXPAYER IDENTIFICATION NUMBER. The Borrower's true and correct U.S.
taxpayer identification number is set forth on Schedule 10.02.

      5.18. INTELLECTUAL PROPERTY; LICENSES, ETC. The Borrower and its
Subsidiaries own, or possess the right to use, all of the trademarks, service
marks, trade names, copyrights, patents, patent rights, franchises, licenses and
other intellectual property rights (collectively, "IP Rights") that are
reasonably necessary for the operation of their respective businesses, without
conflict with the rights of any other Person. Except for instances that could
not, individually or in the aggregate, reasonably be expected to have a Material
Adverse Effect, no slogan or other advertising device, product, process, method,
substance, part or other material now employed, or now contemplated to be
employed, by the Borrower or any Subsidiary infringes upon any rights held by
any other Person.

      5.19. SOLVENCY. Each of (a) the Borrower and its Subsidiaries, on a
consolidated basis, and (b) WEX Bank, on a stand-alone basis, is Solvent.

                                   ARTICLE VI.
                              AFFIRMATIVE COVENANTS

So long as any Lender shall have any Commitment hereunder, any Loan or other
Obligation hereunder shall remain unpaid or unsatisfied, or any Letter of Credit
shall remain outstanding, the Borrower shall, and shall (except in the case of
the covenants set forth in Sections 6.01, 6.02, and 6.03) cause each Subsidiary
to:

      6.01. FINANCIAL STATEMENTS. Deliver to the Administrative Agent and each
Lender, in form and detail satisfactory to the Administrative Agent and the
Required Lenders:

      (a) as soon as available, but in any event within 90 days (or, in the case
of clause (iii) below, within 120 days) after the end of each fiscal year of the
Borrower:

            (i) a consolidated balance sheet of the Borrower and its
      Subsidiaries as at the end of such fiscal year, and the related
      consolidated statements of income or operations, shareholders' equity and
      cash flows for such fiscal year, setting forth in each case in comparative
      form the figures for the previous fiscal year, all in reasonable detail
      and prepared in accordance with GAAP, audited and accompanied by a report
      and opinion of an independent certified public accountant of nationally
      recognized standing, which report and opinion shall be prepared in
      accordance with generally accepted auditing standards and shall not be
      subject to any "going concern" or like qualification or exception or any
      qualification or exception as to the scope of such audit;

            (ii) the unaudited balance sheet of the Borrower (on a stand alone
      basis) and related unaudited statements of operations, stockholders'
      equity and cash flows as of the end of and for such year, setting forth in
      each case in comparative form the figures as of the end of and for the
      previous fiscal year, in reasonable detail, certified by the chief
      executive officer, chief financial officer, treasurer or controller of the
      Borrower as presenting fairly in all material respects the financial
      condition and results of operations of the Borrower in accordance with
      GAAP consistently applied; and

                                       49
<PAGE>

            (iii) the audited consolidated balance sheet and related
      consolidated statements of operations, stockholders' equity and cash flows
      of WEX Bank and its consolidated subsidiaries as of the end of and for
      such year, setting forth in each case in comparative form the figures as
      of the end of and for the previous fiscal year, all reported on by
      Deloitte & Touche LLP or other independent public accountants of
      recognized national standing;

      (b) as soon as available, but in any event within 45 days after the end of
each of the first three fiscal quarters of each fiscal year of the Borrower:

            (i) a consolidated balance sheet of the Borrower and its
      Subsidiaries as at the end of such fiscal quarter, and the related
      consolidated statements of income or operations, shareholders' equity and
      cash flows for such fiscal quarter and for the portion of the Borrower's
      fiscal year then ended, setting forth in each case in comparative form the
      figures for the corresponding fiscal quarter of the previous fiscal year
      and the corresponding portion of the previous fiscal year, all in
      reasonable detail, certified by the chief executive officer, chief
      financial officer, treasurer or controller of the Borrower as fairly
      presenting the financial condition, results of operations, shareholders'
      equity and cash flows of the Borrower and its Subsidiaries in accordance
      with GAAP, subject only to normal year-end audit adjustments and the
      absence of footnotes; and

            (ii) the unaudited balance sheet of the Borrower (on a stand alone
      basis) as of the end of such fiscal quarter and related unaudited
      statements of operations, stockholders' equity and cash flows as of the
      end of and for such year, setting forth in each case in comparative form
      the figures as of the end of and for the previous fiscal year, certified
      by the chief executive officer, chief financial officer, treasurer or
      controller of the Borrower as presenting fairly in all material respects
      the financial condition and results of operations of the Borrower in
      accordance with GAAP, subject only to normal year-end audit adjustments
      and the absence of footnotes;

      (c) as soon as available, but in any event within the period within which
WEX Bank is required to deliver its quarterly call report with the FDIC after
the end of each of the first three fiscal quarters of each fiscal year of WEX
Bank, its call report and related schedules, all certified by its chief
financial officer as having been prepared in accordance with FDIC requirements;
and

      (d) as soon as available, but in any event at least 90 days after the
beginning of each fiscal year of the Borrower, forecasts prepared by management
of the Borrower, in form satisfactory to the Administrative Agent and the
Required Lenders, of consolidated balance sheets and statements of income or
operations and cash flows of the Borrower and its Subsidiaries on a quarterly
basis for such fiscal year (including the fiscal year in which the Maturity Date
occurs).

As to any information contained in materials furnished pursuant to Section
6.02(c), the Borrower shall not be separately required to furnish such
information under clause (a) or (b) above, but the foregoing shall not be in
derogation of the obligation of the Borrower to furnish the information and
materials described in clauses (a) and (b) above at the times specified therein.

      6.02. CERTIFICATES; OTHER INFORMATION. Deliver to the Administrative Agent
and each Lender, in form and detail satisfactory to the Administrative Agent and
the Required Lenders:

      (a) concurrently with the delivery of the financial statements referred to
in Section 6.01(a), and to the extent not constituting part of the report of its
independent certified public accountants pursuant to such Section 6.02(a), a
certificate of such independent certified public accountants certifying such
financial statements;

                                       50
<PAGE>

      (b) concurrently with the delivery of the financial statements referred to
in Sections 6.01(a) and (b) a duly completed Compliance Certificate signed by
the chief executive officer, chief financial officer, treasurer or controller of
the Borrower;

      (c) promptly after the same are available, copies of each annual report,
proxy or financial statement or other report or communication sent to the
stockholders of the Borrower, and copies of all annual, regular, periodic and
special reports and registration statements which the Borrower may file or be
required to file with the SEC under Section 13 or 15(d) of the Securities
Exchange Act of 1934, and not otherwise required to be delivered to the
Administrative Agent pursuant hereto;

      (d) promptly, and in any event within five Business Days after receipt
thereof by any Loan Party or any Subsidiary thereof, copies of each notice or
other correspondence received from the SEC (or comparable agency in any
applicable non-U.S. jurisdiction) concerning any investigation or possible
investigation or other inquiry by such agency (excluding routine comments and
correspondence from such agency) regarding financial or other operational
results of any Loan Party or any Subsidiary thereof; and

      (e) promptly, such additional information regarding the business,
financial or corporate affairs of the Borrower or any Subsidiary, or compliance
with the terms of the Loan Documents, as the Administrative Agent or any Lender
may from time to time reasonably request.

Documents required to be delivered pursuant to Section 6.01(a), (b) or (c) or
Section 6.02(c) (to the extent any such documents are included in materials
otherwise filed with the SEC) may be delivered electronically and if so
delivered, shall be deemed to have been delivered on the date (i) on which the
Borrower posts such documents, or provides a link thereto on the Borrower's
website on the Internet at the website address listed on Schedule 10.02; or (ii)
on which such documents are posted on the Borrower's behalf on an Internet or
intranet website, if any, to which each Lender and the Administrative Agent have
access (whether a commercial, third-party website or whether sponsored by the
Administrative Agent); provided that: (i) the Borrower shall deliver paper
copies of such documents to the Administrative Agent or any Lender that requests
the Borrower to deliver such paper copies until a written request to cease
delivering paper copies is given by the Administrative Agent or such Lender and
(ii) the Borrower shall notify the Administrative Agent and each Lender (by
telecopier or electronic mail) of the posting of any such documents and provide
to the Administrative Agent by electronic mail electronic versions (i.e., soft
copies) of such documents. Notwithstanding anything contained herein, in every
instance the Borrower shall be required to provide paper copies of the
Compliance Certificates required by Section 6.02(b) to the Administrative Agent.
Except for such Compliance Certificates, the Administrative Agent shall have no
obligation to request the delivery or to maintain copies of the documents
referred to above, and in any event shall have no responsibility to monitor
compliance by the Borrower with any such request for delivery, and each Lender
shall be solely responsible for requesting delivery to it or maintaining its
copies of such documents.

The Borrower hereby acknowledges that (a) the Administrative Agent and/or the
Arranger will make available to the Lenders and the L/C Issuer materials and/or
information provided by or on behalf of the Borrower hereunder (collectively,
"Borrower Materials") by posting the Borrower Materials on IntraLinks or another
similar electronic system (the "Platform") and (b) certain of the Lenders (each,
a "Public Lender") may have personnel who do not wish to receive material
non-public information with respect to the Borrower or its Affiliates, or the
respective securities of any of the foregoing, and who may be engaged in
investment and other market-related

                                       51
<PAGE>

activities with respect to such Persons' securities. The Borrower hereby agrees
that (w) all Borrower Materials that are to be made available to Public Lenders
shall be clearly and conspicuously marked "PUBLIC" which, at a minimum, shall
mean that the word "PUBLIC" shall appear prominently on the first page thereof;
(x) by marking Borrower Materials "PUBLIC," the Borrower shall be deemed to have
authorized the Administrative Agent, the Arranger, the L/C Issuer and the
Lenders to treat such Borrower Materials as not containing any material
non-public information with respect to the Borrower or its securities for
purposes of United States Federal and state securities laws (provided, however,
that to the extent such Borrower Materials constitute Information, they shall be
treated as set forth in Section 10.07); (y) all Borrower Materials marked
"PUBLIC" are permitted to be made available through a portion of the Platform
designated "Public Investor;" and (z) the Administrative Agent and the Arranger
shall be entitled to treat any Borrower Materials that are not marked "PUBLIC"
as being suitable only for posting on a portion of the Platform not designated
"Public Investor." Notwithstanding the foregoing, the Borrower shall be under no
obligation to mark any Borrower Materials "PUBLIC."

      6.03. NOTICES. Promptly notify the Administrative Agent and each Lender:

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

      (b) of any matter that has resulted or could reasonably be expected to
result in a Material Adverse Effect;

      (c) of any dispute, litigation, investigation, proceeding or suspension
between the Borrower or any Subsidiary and any Governmental Authority;

      (d) of the occurrence of any ERISA Event; and

      (e) of any material change in accounting policies or financial reporting
practices by the Borrower or any Subsidiary, including any determination by the
Borrower referred to in Section 2.10(b).

Each notice pursuant to this Section 6.03 shall be accompanied by a statement of
a Responsible Officer of the Borrower setting forth details of the occurrence
referred to therein and stating what action the Borrower has taken and proposes
to take with respect thereto. Each notice pursuant to Section 6.03(a) shall
describe with particularity any and all provisions of this Agreement and any
other Loan Document that have been breached.

      6.04. PAYMENT OF OBLIGATIONS. Pay and discharge as the same shall become
due and payable, all its material obligations and liabilities, which if not paid
could reasonably be expected to have a Material Adverse Effect, unless the same
are being contested in good faith by appropriate proceedings diligently
conducted and adequate reserves in accordance with GAAP are being maintained by
the Borrower or such Subsidiary.

      6.05. PRESERVATION OF EXISTENCE, ETC. (a) Preserve, renew and maintain in
full force and effect its legal existence and good standing under the Laws of
the jurisdiction of its organization except in a transaction permitted by
Section 7.04 or 7.05; (b) take all reasonable action to maintain all rights,
privileges, permits, licenses and franchises necessary or desirable in the
normal conduct of its business, except to the extent that failure to do so could
not reasonably be expected to have a Material Adverse Effect; and (c) preserve
or renew all of its registered patents, trademarks, trade names and service
marks, the non-preservation of which could reasonably be expected to have a
Material Adverse Effect.

      6.06. MAINTENANCE OF PROPERTIES. (a) Maintain, preserve and protect all of
its material properties and equipment necessary in the operation of its business
in good working order and condition, ordinary wear and tear excepted; and (b)
make all necessary repairs thereto and renewals and replacements thereof,
except, in each case, where the failure to do so could not reasonably be
expected to have a Material Adverse Effect.

                                       52
<PAGE>

      6.07. MAINTENANCE OF INSURANCE. Maintain with financially sound and
reputable insurance companies not Affiliates of the Borrower, insurance with
respect to its properties and business against loss or damage of the kinds
customarily insured against by Persons engaged in the same or similar business,
of such types and in such amounts as are customarily carried under similar
circumstances by such other Persons.

      6.08. COMPLIANCE WITH LAWS. Comply in all material respects with the
requirements of all Laws and all orders, writs, injunctions and decrees
applicable to it or to its business or property, except in such instances in
which (a) such requirement of Law or order, writ, injunction or decree is being
contested in good faith by appropriate proceedings diligently conducted; or (b)
the failure to comply therewith could not reasonably be expected to have a
Material Adverse Effect.

      6.09. BOOKS AND RECORDS. (a) Maintain proper books of record and account,
in which full, true and correct entries in conformity with GAAP consistently
applied shall be made of all financial transactions and matters involving the
assets and business of the Borrower or such Subsidiary, as the case may be; and
(b) maintain such books of record and account in material conformity with all
applicable requirements of any Governmental Authority having regulatory
jurisdiction over the Borrower or such Subsidiary, as the case may be.

      6.10. INSPECTION RIGHTS. Permit representatives and independent
contractors of the Administrative Agent and each Lender to visit and inspect any
of its properties, to examine its corporate, financial and operating records,
and make copies thereof or abstracts therefrom, and to discuss its affairs,
finances and accounts with its directors, officers, and independent public
accountants, all at the expense of the Borrower and at such reasonable times
during normal business hours and as often as may be reasonably desired, upon
reasonable advance notice to the Borrower; provided that neither the
Administrative Agent nor any Lender may exercise such rights of inspection under
this Section 6.10 more often than two (2) times during any calendar year absent
the existence of an Event of Default; provided, further, that when an Event of
Default exists the Administrative Agent or any Lender (or any of their
respective representatives or independent contractors) may do any of the
foregoing at the expense of the Borrower at any time during normal business
hours and without advance notice.

      6.11. USE OF PROCEEDS. Use the proceeds of the Credit Extensions (i) to
refinance Indebtedness existing under the Existing Credit Agreement, and (ii)
for working capital purposes, acquisitions, Restricted Payments, the refinancing
of Indebtedness and other general corporate purposes, in each case, not in
contravention of any Law or of any Loan Document.

      6.12. ADDITIONAL GUARANTORS. Notify the Administrative Agent at the time
that any Person (other than WEX Bank) becomes a Domestic Subsidiary, and
promptly after such Person becomes a Material Subsidiary (and in any event
within 10 days thereafter), cause such Person to (a) become a Guarantor by
executing and delivering to the Administrative Agent a counterpart of the
Guaranty or such other document as the Administrative Agent shall deem
appropriate for such purpose and (b) deliver to the Administrative Agent
documents of the types referred to in clauses (iii) and (iv) of Section 4.01(a)
and favorable opinions of counsel to such Person (which shall cover, among other
things, the legality, validity, binding effect and enforceability of the
documentation referred to in clause (a)), all in form, content and scope
reasonably satisfactory to the Administrative Agent.

                                       53
<PAGE>

      6.13. COMPLIANCE WITH REGULATORY REQUIREMENTS. With respect to WEX Bank or
any other Subsidiary which is a regulated bank, (i) comply with all minimum
capital ratios and guidelines, including without limitation, risk-based capital
guidelines and capital leverage regulations (as may from time to time be
prescribed by regulation or enforceable order of the FDIC or other federal or
state regulatory authorities having jurisdiction over such Person), and within
such ratios and guidelines be "well-capitalized" and (ii) at all times comply
with applicable financial institution regulations and requirements with respect
to capital adequacy.

                                  ARTICLE VII.
                               NEGATIVE COVENANTS

So long as any Lender shall have any Commitment hereunder, any Loan or other
Obligation hereunder shall remain unpaid or unsatisfied, or any Letter of Credit
shall remain outstanding, the Borrower shall not, nor shall it permit any
Subsidiary (other than WEX Bank, in the case of Sections 7.02, 7.03, 7.06, 7.08
and 7.12) to, directly or indirectly:

      7.01. LIENS. Create, incur, assume or suffer to exist any Lien upon any of
its property, assets or revenues, whether now owned or hereafter acquired, other
than the following:

      (a) Liens pursuant to any Loan Document;

      (b) Liens existing on the date hereof and listed on Schedule 7.01 and any
renewals or extensions thereof, provided that (i) the property covered thereby
is not changed, (ii) the amount secured or benefited thereby is not increased
except as contemplated by Section 7.03(b), (iii) the direct or any contingent
obligor with respect thereto is not changed, and (iv) any renewal or extension
of the obligations secured or benefited thereby is permitted by Section 7.03(b);

      (c) Liens for taxes not yet due or which are being contested in good faith
and by appropriate proceedings diligently conducted, if adequate reserves with
respect thereto are maintained on the books of the applicable Person in
accordance with GAAP;

      (d) carriers', warehousemen's, mechanics', materialmen's, repairmen's or
other like Liens arising in the ordinary course of business which are not
overdue for a period of more than 30 days or which are being contested in good
faith and by appropriate proceedings diligently conducted, if adequate reserves
with respect thereto are maintained on the books of the applicable Person;

      (e) pledges or deposits in the ordinary course of business in connection
with workers' compensation, unemployment insurance and other social security
legislation, other than any Lien imposed by ERISA;

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

      (g) easements, rights-of-way, restrictions and other similar encumbrances
affecting real property which, in the aggregate, are not substantial in amount,
and which do not in any case materially detract from the value of the property
subject thereto or materially interfere with the ordinary conduct of the
business of the applicable Person;

      (h) Liens securing judgments for the payment of money not constituting an
Event of Default under Section 8.01(h);

      (i) Liens securing Indebtedness permitted under Section 7.03(g); provided
that, (i) in the case of Indebtedness permitted under Section 7.03(g)(i), (A)
such Liens do not at any time encumber any property other than the property
financed by such Indebtedness and (B) the Indebtedness secured thereby does not
exceed the cost or fair market value, whichever is lower, of the property being
acquired on the date of acquisition, and (ii) in the case of Indebtedness
permitted under Section 7.03(g)(ii), such Liens do not attach to all assets of
the Borrower or any Subsidiary thereof or otherwise constitute "blanket" Liens,
but instead attach only to specific items of property (and not to accounts);

                                       54
<PAGE>

      (j) Liens existing on any property or asset acquired in a Permitted
Acquisition or existing on any property or asset of any Person that becomes a
Subsidiary after the date hereof prior to the time such Person becomes a
Subsidiary; provided that (i) such Lien is not created in contemplation of or in
connection with such Permitted Acquisition or such Person become a Subsidiary,
as the case may be, (ii) such Lien shall not apply to any other property or
assets of the Borrower or any Subsidiary and (iii) such Lien shall secure only
those obligations which it secures on the date of such Permitted Acquisition or
the date such Person becomes a Subsidiary, as the case may be and extensions,
renewals and replacements thereof that do not increase the outstanding principal
amount thereof;

      (k) Liens on any property or assets of the Borrower or any Subsidiary in
favor of WEX Bank securing obligations not exceeding (i) $18,000,000 in 2007 and
(ii) in each fiscal year thereafter, the amount which is ten percent in excess
of the aggregate principal amount permitted in the prior fiscal year; and

      (l) Liens incurred by WEX Bank in the ordinary course of its business in
connection with the issuance of certificates of deposit, escrow deposits in the
form of money market deposits, customer deposits and borrowed federal funds.

      7.02. INVESTMENTS. Make any Investments, except:

      (a) Investments held by the Borrower or such Subsidiary in the form of
Cash Equivalents;

      (b) (i) advances to officers, directors and employees of the Borrower and
Subsidiaries in an aggregate amount not to exceed $500,000 at any time
outstanding, for travel, entertainment, relocation and analogous ordinary
business purposes and (ii) advances of payroll payments in the ordinary course
of business;

      (c) Investments of (i) any Loan Party in any other Loan Party, (ii) any
Subsidiary which is not a Loan Party in any Loan Party or any other Subsidiary
which is not a Loan Party;

      (d) Investments consisting of extensions of credit in the nature of
accounts receivable or notes receivable arising from the grant of trade credit
in the ordinary course of business, and Investments received in satisfaction or
partial satisfaction thereof from financially troubled account debtors to the
extent reasonably necessary in order to prevent or limit loss;

      (e) Guarantees permitted by Section 7.03;

      (f) Investments by the Borrower in a Subsidiary (other than a Material
Subsidiary) and by any Subsidiary (other than a Material Subsidiary) in the
Borrower or a Material Subsidiary; provided that the aggregate amount of all
Investments permitted by this clause (f), together with Indebtedness permitted
by Section 7.03(e) shall not exceed $25,000,000 at any time outstanding;

      (g) Investments constituting short-term advances to WEX Bank in an
aggregate outstanding amount not to exceed $40,000,000 at any time, provided
that each such advance shall be repaid, and the outstanding amount of
Investments made in reliance on this subsection (g) reduced to zero for one full
Business Day, within 30 days of such advance;

      (h) Investments constituting Permitted Acquisitions;

      (i) Investments consisting of fundamental changes and Restricted Payments
permitted under Sections 7.04 and 7.06, respectively;

                                       55
<PAGE>

      (j) Investments outstanding on the Closing Date and listed on Schedule
7.02 and any renewal or extension thereof so long as the amount of such
Investment is not increased thereby;

      (k) Investments by the Borrower existing on the date hereof in the capital
stock of its Subsidiaries;

      (l) Investments in Swap Contracts permitted under Section 7.03(f);

      (m) Investments in the ordinary course of business consisting of (i)
endorsements for collection or deposit and (ii) customary trade arrangements
with customers consistent with past practices;

      (n) Investments received in connection with the bankruptcy or
reorganization of, or settlement of delinquent accounts and disputes with,
customers, suppliers or any other Person;

      (o) Investments received as part of a redemption or payment of or for, as
a dividend on, or as a distribution in respect of, other Investments permitted
by this Section;

      (p) additional Investments made from time to time to the extent made with
proceeds of Qualified Stock of the Borrower;

      (q) Investments of a Subsidiary acquired after the Closing Date or of a
Person merged into or consolidated with the Borrower or any Subsidiary in
accordance with Section 7.04 after the Closing Date to the extent that such
Investments were not made in contemplation of or in connection with such
acquisition, merger or consolidation and were in existence on the date of such
acquisition, merger or consolidation;

      (r) Investments constituting loans and other extensions of credit made to
customers of WEX Bank pursuant to one or more participation agreements with WEX
Bank in an aggregate amount not exceeding (i) $50,000,000 in 2007 and (ii) in
each fiscal year thereafter, the amount which is twenty percent in excess of the
aggregate principal amount permitted in the prior fiscal year;

      (s) Investments constituting loans and other extensions of credit made to
customers of the Borrower and its Subsidiaries' co-branded relationship;

      (t) Investments constituting loans and other extensions of credit made in
connection with diesel fuel sales in an aggregate amount not to exceed
$2,000,000 at any time outstanding

      (u) Investments in connection with pledges, deposits, payments or
performance bonds made or given in the ordinary course of business in connection
with or to secure statutory, regulatory or similar obligations including
obligations under insurance, health, disability, safety or environmental
obligations;

      (v) Investments by the Borrower or its Subsidiaries in accounts receivable
owing to them, if created or acquired in the ordinary course of business and
payable in accordance with customary trade terms (including the dating of
accounts receivable and extensions of payments in the ordinary course of
business);

      (w) Investments arising out of the receipt by the Borrower or any
Subsidiary of non-cash consideration for transactions permitted under Section
7.05; and

      (x) other Investments not exceeding $10,000,000 in the aggregate in any
fiscal year of the Borrower.

      7.03. INDEBTEDNESS. Create, incur, assume or suffer to exist any
Indebtedness, except:

      (a) Indebtedness under the Loan Documents;

      (b) Indebtedness outstanding on the date hereof and listed on Schedule
7.03 and any refinancings, refundings, renewals or extensions thereof; provided
that any such refinancing, refunding, renewal or extension shall not (i)
increase the amount of such Indebtedness except by an amount equal to a
reasonable premium or other reasonable amount paid, and fees and expenses
reasonably incurred, in connection with such refinancing and by an amount equal
to any existing commitments unutilized, (ii) shorten the maturity of such
Indebtedness or (iii) change the obligors with respect thereto;

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<PAGE>

      (c) Indebtedness of the Borrower to any Material Subsidiary and of any
Material Subsidiary to the Borrower or any other Material Subsidiary and
Indebtedness of any non-Material Subsidiary to any other non-Material
Subsidiary;

      (d) Guarantees by the Borrower of Indebtedness of any Material Subsidiary
and by any Material Subsidiary of Indebtedness of the Borrower or any other
Material Subsidiary and guarantees by any non-Material Subsidiary of
Indebtedness of any other non-Material Subsidiary;

      (e) Indebtedness of the Borrower to any Subsidiary (other than a Material
Subsidiary) and of any Subsidiary (other than a Material Subsidiary) to the
Borrower or any Material Subsidiary and (ii) Guarantees by the Borrower of
Indebtedness of any Subsidiary (other than a material Subsidiary) and by any
Subsidiary of Indebtedness of the Borrower or any Material Subsidiary; provided
that the aggregate amount of Indebtedness and Guarantees permitted by this
clause (e) shall not exceed $25,000,000 at any time outstanding;

      (f) obligations (contingent or otherwise) of the Borrower or any
Subsidiary existing or arising under any Swap Contract, provided that (i) (x)
such obligations are (or were) entered into by such Person in the ordinary
course of business for the purpose of mitigating risks associated with
liabilities, commitments, investments, assets, or property held or reasonably
anticipated by such Person, or changes in the value of securities issued by such
Person, and not for purposes of taking a "market view," or (y) such obligations
arise out of the Borrower's hedging of its fuel price-related earnings exposure
in a manner consistent with the Borrower's practices as of the Closing Date and,
in each case, not for purposes of speculation and (ii) such Swap Contract does
not contain any provision exonerating the non-defaulting party from its
obligation to make payments on outstanding transactions to the defaulting party;

      (g) Indebtedness in respect of (i) capital leases, Synthetic Lease
Obligations and purchase money obligations for fixed or capital assets and (ii)
other secured Indebtedness, in each case within the applicable limitations set
forth in Section 7.01(i); provided, however, that the aggregate amount of all
such Indebtedness at any one time outstanding shall not exceed $25,000,000;

      (h) [Reserved];

      (i) Indebtedness of any Person that becomes a Subsidiary after the date
hereof and extensions, renewals, refinancings and replacements of any such
Indebtedness that do not increase the outstanding principal amount thereof;
provided that (i) such Indebtedness exists at the time such Person becomes a
Subsidiary and is not created in contemplation of or in connection with such
Person becoming a Subsidiary and (ii) the aggregate principal amount of
Indebtedness permitted by this clause (i) shall not exceed $5,000,000 at any
time outstanding;

      (j) Indebtedness arising from the honoring by a bank or other financial
institution of a check, draft or similar instrument drawn against insufficient
funds in the ordinary course of business; provided that such Indebtedness is
extinguished within five (5) Business Days of incurrence;

      (k) Indebtedness of the Borrower or any Subsidiary constituting
indemnification, adjustment of purchase price, earn outs or similarly
obligations, in each case, incurred or assumed in connection with the
disposition of any business, assets or a Subsidiary permitted hereunder;

                                       57
<PAGE>

      (l) subordinated Indebtedness of the Borrower; provided that (i) no such
Indebtedness shall mature or amortize earlier than 180 days after the Maturity
Date; (ii) no agreement or instrument executed with respect to such Indebtedness
shall have any financial covenants, events of default or terms which conflict
with, or covenants which are more restrictive than the terms of the Loan
Documents (and all such financial covenants, events of default, terms and
covenants shall be reasonably satisfactory to the Administrative Agent), and the
Borrower shall have delivered to the Administrative Agent copies of all such
agreements and instruments prior to the execution thereof, (iii) the terms of
subordination of such Indebtedness shall be reasonably satisfactory to the
Administrative Agent and (iv) no Default shall have occurred or be continuing or
would result from the incurrence of such Indebtedness, and a Responsible Officer
of the Borrower shall have delivered a certificate to the Administrative Agent
demonstrating the same;

      (m) Indebtedness of the Borrower in respect of the Key Bank LC; and

      (n) other unsecured Indebtedness in an aggregate principal amount not to
exceed $75,000,000 at any time outstanding.

      7.04. FUNDAMENTAL CHANGES. Merge, dissolve, liquidate, consolidate with or
into another Person, or Dispose of (whether in one transaction or in a series of
transactions) all or substantially all of its assets (whether now owned or
hereafter acquired) to or in favor of any Person, except that, so long as no
Default or Event of Default exists or would result therefrom:

      (a) any Subsidiary may merge with (i) the Borrower, provided that the
Borrower shall be the continuing or surviving Person, or (ii) any one or more
other Subsidiaries, provided that (A) when any Subsidiary Guarantor is merging
with another Subsidiary, a Subsidiary Guarantor shall be the continuing or
surviving Person and (B) when any wholly-owned Subsidiary is merging with
another Subsidiary, a wholly-owned Subsidiary shall be the continuing or
surviving Person;

      (b) any Subsidiary may Dispose of all or substantially all of its assets
(upon voluntary liquidation or otherwise) to the Borrower or to another
Subsidiary; provided that if the transferor in such a transaction is a
Subsidiary Guarantor, then the transferee must either be the Borrower or a
Subsidiary Guarantor;

      (c) any Subsidiary (other than a Material Subsidiary) may merge with any
other Person, so long as the surviving Person is a Subsidiary; and

      (d) the Borrower or any Subsidiary may merge with any other Person in
order to effect a Permitted Acquisition; provided that (i) the continuing or
surviving Person shall have complied with the requirements of Section 6.12, if
applicable, and (ii) in the case of a merger of the Borrower with any other
Person, the Borrower shall be the continuing or surviving Person.

      7.05. DISPOSITIONS. Make any Disposition or enter into any agreement to
make any Disposition, except:

      (a) Dispositions of obsolete or worn out property, whether now owned or
hereafter acquired, in the ordinary course of business;

      (b) Dispositions of inventory in the ordinary course of business;

      (c) Dispositions of equipment or real property to the extent that (i) such
property is exchanged for credit against the purchase price of similar
replacement property or (ii) the proceeds of such Disposition are reasonably
promptly applied to the purchase price of such replacement property;

                                       58
<PAGE>

      (d) Dispositions of property by any Subsidiary to the Borrower or to a
wholly-owned Subsidiary; provided that if the transferor of such property is a
Guarantor, the transferee thereof must either be the Borrower or a Guarantor;

      (e) Dispositions permitted by Section 7.04; and

(f) Dispositions by the Borrower and its Subsidiaries of property permitted by
Section 7.12;

provided, however, that any Disposition pursuant to clauses (a) through (f)
shall be for fair market value.

      7.06. RESTRICTED PAYMENTS. Declare or make, directly or indirectly, any
Restricted Payment, or incur any obligation (contingent or otherwise) to do so,
except that, so long as no Default or Event of Default shall have occurred and
be continuing at the time of any action described below or would result
therefrom:

      (a) each Subsidiary may make Restricted Payments to the Borrower, the
Subsidiary Guarantors and any other Person that owns an Equity Interest in such
Subsidiary, ratably according to their respective holdings of the type of Equity
Interest in respect of which such Restricted Payment is being made;

      (b) the Borrower and each Subsidiary may declare and make dividend
payments or other distributions payable solely in the common stock or other
common Equity Interests of such Person;

      (c) the Borrower and each Subsidiary may purchase, redeem or otherwise
acquire Equity Interests issued by it with the proceeds received from the
substantially concurrent issue of new shares of its Qualified Stock;

      (d) the Borrower may make Restricted Payments pursuant to and in
accordance with stock option plans or other benefit plans for management or
employees of the Borrower and its Subsidiaries;

      (e) so long as the Borrower would be in compliance with Section 7.11 on a
pro forma basis after giving effect to such Restricted Payments and any related
transactions (including any related incurrence of Indebtedness), the Borrower
may make Restricted Payments not otherwise permitted hereunder in an aggregate
amount of $10,000,000 during each fiscal year of the Borrower, of which 100% of
unused amounts may be carried over into subsequent years;

      (f) the Borrower may make the Restricted Payments described in, and in
accordance with, Section 7.14;

      (g) so long as (i) no Default or Event of Default shall have occurred and
be continuing and no Default or Event of Default shall be caused thereby and
(ii) the Borrower would be in compliance with Section 7.11 on a pro forma basis
after giving effect to such Restricted Payments, the Borrower may purchase and
redeem its Series A Preferred Stock pursuant to and in accordance with the
Borrower's Certificate of Incorporation as in effect on the Closing Date in an
aggregate amount not to exceed $25,000,000 during the term of this Agreement;
and

      (h) the Borrower may from time to time make other Restricted Payments;
provided that (A) after giving effect to each such Restricted Payment and any
related transactions (including any related incurrence of Indebtedness), the
Consolidated Leverage Ratio shall be less than 1.75:1.00, calculated on a pro
forma basis in a manner reasonably satisfactory to the Administrative Agent and
(B) prior to making any such Restricted Payment, if requested by the
Administrative Agent, the Administrative Agent shall have received a
certificate, dated the date of such Restricted Payment and signed by a
Responsible Officer of the Borrower, confirming compliance with the restrictions
set forth in this Section 7.06(h) and containing calculations in reasonable
detail demonstrating such compliance.

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<PAGE>

      7.07. CHANGE IN NATURE OF BUSINESS. Engage in any business, if, as a
result, the general nature of the business of the Loan Parties taken as a whole,
would be substantially changed from the general nature of the business of the
Loan Parties taken as a whole, on the date hereof.

      7.08. TRANSACTIONS WITH AFFILIATES. Enter into any transaction of any kind
with any Affiliate of the Borrower, whether or not in the ordinary course of
business, other than on fair and reasonable terms substantially as favorable to
the Borrower or such Subsidiary as would be obtainable by the Borrower or such
Subsidiary at the time in a comparable arm's length transaction with a Person
other than an Affiliate, provided that the foregoing restriction shall not apply
to (a) Restricted Payments made in accordance with Section 7.06 or (b)
transactions between or among the Borrower and any of its wholly-owned
Subsidiaries or between and among any wholly-owned Subsidiaries not involving
any other Affiliate.

      7.09. BURDENSOME AGREEMENTS. Enter into, incur or permit to exist any
agreement or other arrangement that prohibits, restricts or imposes any
condition upon (a) the ability of the Borrower or any Subsidiary to create,
incur or permit to exist any Lien upon any of its property or assets, or (b) the
ability of any Subsidiary to pay dividends or other distributions with respect
to any shares of its capital stock or to make or repay loans or advances to the
Borrower or any other Subsidiary or to guarantee Indebtedness of the Borrower or
any other Subsidiary; provided that (i) the foregoing shall not apply to
restrictions and conditions imposed by law or by this Agreement, (ii) the
foregoing shall not apply to restrictions and conditions existing on the date
hereof and identified on Schedule 7.09 (but shall apply to any extension or
renewal of, or any amendment or modification expanding the scope of, any such
restriction or condition) (iii) the foregoing shall not apply to customary
restrictions and conditions contained in agreements relating to the sale of a
Subsidiary pending such sale, provided such restrictions and conditions apply
only to the Subsidiary that is to be sold and such sale is permitted hereunder,
(iv) clause (a) of the foregoing shall not apply to restrictions or conditions
imposed by (x) any agreement relating to secured Indebtedness permitted by this
Agreement if such restrictions or conditions apply only to the property or
assets securing such Indebtedness, (y) any agreement relating to Indebtedness
incurred in reliance on Section 7.03(i) (to the extent that such restrictions
apply only to the Person becoming a Subsidiary of the Borrower and any of its
Subsidiaries that also become Subsidiaries of the Borrower in the same
transaction or series of related transactions) or (z) any agreement relating to
Indebtedness incurred in reliance on Section 7.03(l) or (n) (in each case, so
long as such agreement permits the Obligations to become secured without further
consent or act by the lenders or holders of Indebtedness thereunder, provided
that, in the case of Section 7.03(n), such agreement may require that such
Indebtedness be equally and ratably secured by any collateral on which a Lien is
granted to secure the Obligations) and (v) clause (a) of the foregoing shall not
apply to customary provisions in leases and other contracts restricting the
assignment thereof; provided that this Section 7.09 shall not apply to WEX Bank
to the extent that any such restriction, prohibition or condition is imposed by
a Governmental Authority in connection with the ordinary course of business of
WEX Bank.

      7.10. USE OF PROCEEDS. Use the proceeds of any Credit Extension, whether
directly or indirectly, and whether immediately, incidentally or ultimately, to
purchase or carry margin stock (within the meaning of Regulation U of the FRB)
in violation of Law (including Regulation U) or to extend credit to others for
the purpose of purchasing or carrying margin stock or to refund indebtedness
originally incurred for such purpose.

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      7.11. FINANCIAL COVENANTS.

      (a) Consolidated Interest Coverage Ratio. Permit the Consolidated Interest
Coverage Ratio as of the end of any fiscal quarter of the Borrower to be less
than 3:00 to 1:00.

      (b) Consolidated Leverage Ratio. Permit the Consolidated Leverage Ratio as
of the end of any fiscal quarter of the Borrower to be greater than 3:00 to
1:00, other than during any Step-Up Period, or 3.50 to 1.00, during any Step-Up
Period.

      7.12. SALE AND LEASEBACKS. Enter into any arrangement with any Person
providing for the leasing by the Borrower or any Subsidiary of real or personal
property that has been or is to be sold or transferred by the Borrower or such
Subsidiary to such Person or to any other Person to whom funds have been or are
to be advanced by such Person on the security of such property or rental
obligations of the Borrower or such Subsidiary unless such arrangement is
entered into in connection with the financing of the acquisition of such
property through the proceeds of a capital lease permitted by Section 7.03(g)(i)
and the sale or transfer of such property occurs within thirty days following
the acquisition thereof by the Borrower or any of its Subsidiaries.

      7.13. ACCOUNTING CHANGES. (i) Make any material change in accounting
principles or reporting practices, except as are made in accordance with GAAP or
as are otherwise consented to by the Administrative Agent or (ii) change its
fiscal year or quarters or the method of determination thereof, provided that
this Section 7.13 shall not apply to WEX Bank to the extent that any such change
is required or imposed by a Governmental Authority.

      7.14. TAX RECEIVABLE AGREEMENT. (i) Amend or modify the Tax Receivable
Agreement in any manner that is materially disadvantageous to the Lenders, (ii)
prepay any obligations under the Tax Receivable Agreement or (iii) make any
payment thereunder if an Event of Default has occurred and is continuing or if,
after giving effect to such payment, the Borrower would fail to be in compliance
on a Pro Forma Basis with Section 7.11.

      7.15. AMENDMENTS. Amend the documents or instruments governing any
Indebtedness incurred under Section 7.03(l) without the consent of the
Administrative Agent.

                                  ARTICLE VIII.
                         EVENTS OF DEFAULT AND REMEDIES

      8.01. EVENTS OF DEFAULT. Any of the following shall constitute an Event of
Default:

      (a) Non-Payment. The Borrower or any other Loan Party fails to pay (i)
when and as required to be paid herein, any amount of principal of any Loan or
any L/C Obligation, or (ii) within three Business Days after the same becomes
due, any interest on any Loan or on any L/C Obligation, any fee due hereunder or
any other amount payable hereunder or under any other Loan Document; or

      (b) Specific Covenants. The Borrower fails to perform or observe any term,
covenant or agreement contained in any of Section 6.01, 6.02, 6.03, 6.05, 6.10,
6.11 or 6.12 or Article VII, or any Subsidiary Guarantor fails to perform or
observe any term, covenant or agreement contained in the Guaranty; or

      (c) Other Defaults. Any Loan Party fails to perform or observe any other
covenant or agreement (not specified in subsection (a) or (b) above) contained
in any Loan Document on its part to be performed or observed and such failure
continues for 30 days after the Borrower or any of its Subsidiaries obtains
knowledge thereof; or

      (d) Representations and Warranties. Any representation, warranty,
certification or statement of fact made or deemed made by or on behalf of the
Borrower or any other Loan Party herein, in any other Loan Document, or in any
document delivered in connection herewith or therewith shall be incorrect or
misleading in any material respect when made or deemed made; or

                                       61
<PAGE>

      (e) Cross-Default. (i) The Borrower or any Subsidiary (A) fails to make
any payment when due (whether by scheduled maturity, required prepayment,
acceleration, demand, or otherwise) in respect of any Indebtedness or Guarantee
(other than Indebtedness hereunder and Indebtedness under Swap Contracts) having
an aggregate principal amount (including undrawn committed or available amounts
and including amounts owing to all creditors under any combined or syndicated
credit arrangement) of more than the Threshold Amount, or (B) fails to observe
or perform any other agreement or condition relating to any such Indebtedness or
Guarantee or contained in any instrument or agreement evidencing, securing or
relating thereto, or any other event occurs, the effect of which default or
other event is to cause, or to permit the holder or holders of such Indebtedness
or the beneficiary or beneficiaries of such Guarantee (or a trustee or agent on
behalf of such holder or holders or beneficiary or beneficiaries) to cause, with
the giving of notice if required, such Indebtedness to be demanded or to become
due or to be repurchased, prepaid, defeased or redeemed (automatically or
otherwise), or an offer to repurchase, prepay, defease or redeem such
Indebtedness to be made, prior to its stated maturity, or such Guarantee to
become payable or cash collateral in respect thereof to be demanded (in each
case, after giving effect to any applicable grace period); provided that this
clause (e)(i) shall not apply to secured Indebtedness that becomes due as a
result of the voluntary Disposition or transfer of the property or assets
securing such Indebtedness, so long as such Disposition is permitted hereunder
and such Indebtedness is retired concurrently therewith; or (ii) there occurs
under any Swap Contract an Early Termination Date (as defined in such Swap
Contract) resulting from any event of default under such Swap Contract as to
which the Borrower or any Subsidiary is the Defaulting Party (as defined in such
Swap Contract); or

      (f) Insolvency Proceedings, Etc. Any Loan Party or any of its Subsidiaries
institutes or consents to the institution of any proceeding under any Debtor
Relief Law, or makes an assignment for the benefit of creditors; or applies for
or consents to the appointment of any receiver, trustee, custodian, conservator,
liquidator, rehabilitator or similar officer for it or for all or any material
part of its property; or any receiver, trustee, custodian, conservator,
liquidator, rehabilitator or similar officer is appointed without the
application or consent of such Person and the appointment continues undischarged
or unstayed for 60 calendar days; or any proceeding under any Debtor Relief Law
relating to any such Person or to all or any material part of its property is
instituted without the consent of such Person and continues undismissed or
unstayed for 60 calendar days, or an order for relief is entered in any such
proceeding; or

      (g) Inability to Pay Debts; Attachment. (i) The Borrower or any Subsidiary
admits in writing its inability or fails generally to pay its debts as they
become due, or (ii) any writ or warrant of attachment or execution or similar
process is issued or levied against all or any material part of the property of
any such Person and is not released, vacated or fully bonded within 30 days
after its issue or levy; or

      (h) Judgments. There is entered against the Borrower or any Subsidiary one
or more final judgments or orders for the payment of money in an aggregate
amount (as to all such judgments or orders) exceeding the Threshold Amount (to
the extent not covered by independent third-party insurance as to which the
insurer does not dispute coverage) and enforcement of such judgment is not
stayed, by reason of a pending appeal or otherwise, within 30 days after entry
thereof, or there is a period of 10 consecutive days thereafter during which a
stay of enforcement of such judgment is not in effect; or

                                       62
<PAGE>

      (i) ERISA. (i) An ERISA Event occurs with respect to a Pension Plan or
Multiemployer Plan which has resulted or could reasonably be expected to result
in liability of the Borrower under Title IV of ERISA to the Pension Plan,
Multiemployer Plan or the PBGC in an aggregate amount in excess of the Threshold
Amount, or (ii) the Borrower or any ERISA Affiliate fails to pay when due, after
the expiration of any applicable grace period, any installment payment with
respect to its withdrawal liability under Section 4201 of ERISA under a
Multiemployer Plan in an aggregate amount in excess of the Threshold Amount; or

      (j) Invalidity of Loan Documents. Any provision of any Loan Document, at
any time after its execution and delivery and for any reason other than as
expressly permitted hereunder or thereunder or satisfaction in full of all the
Obligations, ceases to be in full force and effect; or any Loan Party or any
other Person contests in any manner the validity or enforceability of any
provision of any Loan Document; or any Loan Party denies that it has any or
further liability or obligation under any Loan Document, or purports to revoke,
terminate or rescind any provision of any Loan Document; or

      (k) Change of Control. There occurs any Change of Control; or

      (l) WEX Bank Event. A WEX Bank Event shall occur.

      8.02. REMEDIES UPON EVENT OF DEFAULT. If any Event of Default occurs and
is continuing, the Administrative Agent shall, at the request of, or may, with
the consent of, the Required Lenders, take any or all of the following actions:

      (a) declare the commitment of each Lender to make Loans and any obligation
of the L/C Issuer to make L/C Credit Extensions to be terminated, whereupon such
commitments and obligation shall be terminated;

      (b) declare the unpaid principal amount of all outstanding Loans, all
interest accrued and unpaid thereon, and all other amounts owing or payable
hereunder or under any other Loan Document to be immediately due and payable,
without presentment, demand, protest or other notice of any kind, all of which
are hereby expressly waived by the Borrower;

      (c) require that the Borrower Cash Collateralize the L/C Obligations (in
an amount equal to the then Outstanding Amount thereof); and

      (d) exercise on behalf of itself, the Lenders and the L/C Issuer all
rights and remedies available to it, the Lenders and the L/C Issuer under the
Loan Documents;

provided, however, that upon the occurrence of an actual or deemed entry of an
order for relief with respect to the Borrower under the Bankruptcy Code of the
United States, the obligation of each Lender to make Loans and any obligation of
the L/C Issuer to make L/C Credit Extensions shall automatically terminate, the
unpaid principal amount of all outstanding Loans and all interest and other
amounts as aforesaid shall automatically become due and payable, and the
obligation of the Borrower to Cash Collateralize the L/C Obligations as
aforesaid shall automatically become effective, in each case without further act
of the Administrative Agent or any Lender.

      8.03. APPLICATION OF FUNDS. After the exercise of remedies provided for in
Section 8.02 (or after the Loans have automatically become immediately due and
payable and the L/C Obligations have automatically been required to be Cash
Collateralized as set forth in the proviso to Section 8.02), any amounts
received on account of the Obligations shall be applied by the Administrative
Agent in the following order:

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First, to payment of that portion of the Obligations constituting fees,
indemnities, expenses and other amounts (including fees, charges and
disbursements of counsel to the Administrative Agent and amounts payable under
Article III) payable to the Administrative Agent in its capacity as such;

Second, to payment of that portion of the Obligations constituting fees,
indemnities and other amounts (other than principal, interest and Letter of
Credit Fees) payable to the Lenders and the L/C Issuer (including fees, charges
and disbursements of counsel to the respective Lenders and the L/C Issuer and
amounts payable under Article III), ratably among them in proportion to the
respective amounts described in this clause Second payable to them;

Third, to payment of that portion of the Obligations constituting accrued and
unpaid Letter of Credit Fees and interest on the Loans, L/C Borrowings and other
Obligations, ratably among the Lenders and the L/C Issuer in proportion to the
respective amounts described in this clause Third payable to them;

Fourth, to payment of that portion of the Obligations constituting unpaid
principal of the Loans and L/C Borrowings, ratably among the Lenders and the L/C
Issuer in proportion to the respective amounts described in this clause Fourth
held by them;

Fifth, to the Administrative Agent for the account of the L/C Issuer, to Cash
Collateralize that portion of L/C Obligations comprised of the aggregate undrawn
amount of Letters of Credit; and

Last, the balance, if any, after all of the Obligations have been indefeasibly
paid in full, to the Borrower or as otherwise required by Law.

Subject to Section 2.03(c), amounts used to Cash Collateralize the aggregate
undrawn amount of Letters of Credit pursuant to clause Fifth above shall be
applied to satisfy drawings under such Letters of Credit as they occur. If any
amount remains on deposit as Cash Collateral after all Letters of Credit have
either been fully drawn or expired, such remaining amount shall be applied to
the other Obligations, if any, in the order set forth above.

                                   ARTICLE IX.
                              ADMINISTRATIVE AGENT

      9.01. APPOINTMENT AND AUTHORITY.

Each of the Lenders and the L/C Issuer hereby irrevocably appoints Bank of
America to act on its behalf as the Administrative Agent hereunder and under the
other Loan Documents and authorizes the Administrative Agent to take such
actions on its behalf and to exercise such powers as are delegated to the
Administrative Agent by the terms hereof or thereof, together with such actions
and powers as are reasonably incidental thereto. The provisions of this Article
are solely for the benefit of the Administrative Agent, the Lenders and the L/C
Issuer, and the Borrower shall not have rights as a third party beneficiary of
any of such provisions.

      9.02. RIGHTS AS A LENDER. The Person serving as the Administrative Agent
hereunder shall have the same rights and powers in its capacity as a Lender as
any other Lender and may exercise the same as though it were not the
Administrative Agent and the term "Lender" or "Lenders" shall, unless otherwise
expressly indicated or unless the context otherwise requires, include the Person
serving as the Administrative Agent hereunder in its individual capacity. Such
Person and its Affiliates may accept deposits from, lend money to, act as the
financial advisor or in any other advisory capacity for and generally engage in
any kind of business with the Borrower or any Subsidiary or other Affiliate
thereof as if such Person were not the Administrative Agent hereunder and
without any duty to account therefor to the Lenders.

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      9.03. EXCULPATORY PROVISIONS. The Administrative Agent shall not have any
duties or obligations except those expressly set forth herein and in the other
Loan Documents. Without limiting the generality of the foregoing, the
Administrative Agent:

      (a) shall not be subject to any fiduciary or other implied duties,
regardless of whether a Default has occurred and is continuing;

      (b) shall not have any duty to take any discretionary action or exercise
any discretionary powers, except discretionary rights and powers expressly
contemplated hereby or by the other Loan Documents that the Administrative Agent
is required to exercise as directed in writing by the Required Lenders (or such
other number or percentage of the Lenders as shall be expressly provided for
herein or in the other Loan Documents), provided that the Administrative Agent
shall not be required to take any action that, in its opinion or the opinion of
its counsel, may expose the Administrative Agent to liability or that is
contrary to any Loan Document or applicable law; and

      (c) shall not, except as expressly set forth herein and in the other Loan
Documents, have any duty to disclose, and shall not be liable for the failure to
disclose, any information relating to the Borrower or any of its Affiliates that
is communicated to or obtained by the Person serving as the Administrative Agent
or any of its Affiliates in any capacity.

The Administrative Agent shall not be liable for any action taken or not taken
by it (i) with the consent or at the request of the Required Lenders (or such
other number or percentage of the Lenders as shall be necessary, or as the
Administrative Agent shall believe in good faith shall be necessary, under the
circumstances as provided in Sections 10.01 and 8.02) or (ii) in the absence of
its own gross negligence or willful misconduct. The Administrative Agent shall
be deemed not to have knowledge of any Default unless and until notice
describing such Default is given to the Administrative Agent by the Borrower, a
Lender or the L/C Issuer.

The Administrative Agent shall not be responsible for or have any duty to
ascertain or inquire into (i) any statement, warranty or representation made in
or in connection with this Agreement or any other Loan Document, (ii) the
contents of any certificate, report or other document delivered hereunder or
thereunder or in connection herewith or therewith, (iii) the performance or
observance of any of the covenants, agreements or other terms or conditions set
forth herein or therein or the occurrence of any Default, (iv) the validity,
enforceability, effectiveness or genuineness of this Agreement, any other Loan
Document or any other agreement, instrument or document or (v) the satisfaction
of any condition set forth in Article IV or elsewhere herein, other than to
confirm receipt of items expressly required to be delivered to the
Administrative Agent.

      9.04. RELIANCE BY ADMINISTRATIVE AGENT.

The Administrative Agent shall be entitled to rely upon, and shall not incur any
liability for relying upon, any notice, request, certificate, consent,
statement, instrument, document or other writing (including any electronic
message, Internet or intranet website posting or other distribution) believed by
it to be genuine and to have been signed, sent or otherwise authenticated by the
proper Person. The Administrative Agent also may rely upon any statement made to
it orally or by telephone and believed by it to have been made by the proper
Person, and shall not incur any liability for relying thereon. In determining
compliance with any condition hereunder to the making of a Loan, or the issuance
of a Letter of Credit, that by its terms must be fulfilled to the satisfaction
of a Lender or the L/C Issuer, the Administrative Agent may presume that such
condition is satisfactory to such Lender or the L/C Issuer unless the
Administrative Agent shall have received notice to the contrary from such Lender
or the L/C Issuer prior to the

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<PAGE>
making of such Loan or the issuance of such Letter of Credit. The Administrative
Agent may consult with legal counsel (who may be counsel for the Borrower),
independent accountants and other experts selected by it, and shall not be
liable for any action taken or not taken by it in accordance with the advice of
any such counsel, accountants or experts.

         9.05. DELEGATION OF DUTIES. The Administrative Agent may perform any
and all of its duties and exercise its rights and powers hereunder or under any
other Loan Document by or through any one or more sub-agents appointed by the
Administrative Agent. The Administrative Agent and any such sub-agent may
perform any and all of its duties and exercise its rights and powers by or
through their respective Related Parties. The exculpatory provisions of this
Article shall apply to any such sub-agent and to the Related Parties of the
Administrative Agent and any such sub-agent, and shall apply to their respective
activities in connection with the syndication of the credit facilities provided
for herein as well as activities as Administrative Agent.

         9.06. RESIGNATION OF ADMINISTRATIVE AGENT. The Administrative Agent may
at any time give notice of its resignation to the Lenders, the L/C Issuer and
the Borrower. Upon receipt of any such notice of resignation, the Required
Lenders shall have the right, in consultation with the Borrower, to appoint a
successor, which shall be a bank with an office in the United States, or an
Affiliate of any such bank with an office in the United States. If no such
successor shall have been so appointed by the Required Lenders and shall have
accepted such appointment within 30 days after the retiring Administrative Agent
gives notice of its resignation, then the retiring Administrative Agent may on
behalf of the Lenders and the L/C Issuer, appoint a successor Administrative
Agent meeting the qualifications set forth above; provided that if the
Administrative Agent shall notify the Borrower and the Lenders that no
qualifying Person has accepted such appointment, then such resignation shall
nonetheless become effective in accordance with such notice and (1) the retiring
Administrative Agent shall be discharged from its duties and obligations
hereunder and under the other Loan Documents and (2) all payments,
communications and determinations provided to be made by, to or through the
Administrative Agent shall instead be made by or to each Lender and the L/C
Issuer directly, until such time as the Required Lenders appoint a successor
Administrative Agent as provided for above in this Section. Upon the acceptance
of a successor's appointment as Administrative Agent hereunder, such successor
shall succeed to and become vested with all of the rights, powers, privileges
and duties of the retiring (or retired) Administrative Agent, and the retiring
Administrative Agent shall be discharged from all of its duties and obligations
hereunder or under the other Loan Documents (if not already discharged therefrom
as provided above in this Section). The fees payable by the Borrower to a
successor Administrative Agent shall be the same as those payable to its
predecessor unless otherwise agreed between the Borrower and such successor.
After the retiring Administrative Agent's resignation hereunder and under the
other Loan Documents, the provisions of this Article and Section 10.04 shall
continue in effect for the benefit of such retiring Administrative Agent, its
sub-agents and their respective Related Parties in respect of any actions taken
or omitted to be taken by any of them while the retiring Administrative Agent
was acting as Administrative Agent.

Any resignation by Bank of America as Administrative Agent pursuant to this
Section shall also constitute its resignation as L/C Issuer and Swing Line
Lender. Upon the acceptance of a successor's appointment as Administrative Agent
hereunder, (a) such successor shall succeed to and become vested with all of the
rights, powers, privileges and duties of the retiring L/C Issuer and Swing Line
Lender, (b) the retiring L/C Issuer and Swing Line Lender shall be discharged
from all of their respective duties and obligations hereunder or under the other
Loan Documents,

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and (c) the successor L/C Issuer shall issue letters of credit in substitution
for the Letters of Credit, if any, outstanding at the time of such succession or
make other arrangements satisfactory to the retiring L/C Issuer to effectively
assume the obligations of the retiring L/C Issuer with respect to such Letters
of Credit.

     9.07. NON-RELIANCE ON ADMINISTRATIVE AGENT AND OTHER LENDERS. Each Lender
and the L/C Issuer acknowledges that it has, independently and without reliance
upon the Administrative Agent or any other Lender or any of their Related
Parties and based on such documents and information as it has deemed
appropriate, made its own credit analysis and decision to enter into this
Agreement. Each Lender and the L/C Issuer also acknowledges that it will,
independently and without reliance upon the Administrative Agent or any other
Lender or any of their Related Parties and based on such documents and
information as it shall from time to time deem appropriate, continue to make its
own decisions in taking or not taking action under or based upon this Agreement,
any other Loan Document or any related agreement or any document furnished
hereunder or thereunder.

     9.08. NO OTHER DUTIES, ETC. Anything herein to the contrary
notwithstanding, none of the Syndication Agent, the Co-Documentation Agents or
the Arrangers shall have any powers, duties or responsibilities under this
Agreement or any of the other Loan Documents, except in its capacity, as
applicable, as the Administrative Agent, a Lender or the L/C Issuer hereunder.

     9.09. ADMINISTRATIVE AGENT MAY FILE PROOFS OF CLAIM.

     In case of the pendency of any proceeding under any Debtor Relief Law or
any other judicial proceeding relative to any Loan Party, the Administrative
Agent (irrespective of whether the principal of any Loan or L/C Obligation shall
then be due and payable as herein expressed or by declaration or otherwise and
irrespective of whether the Administrative Agent shall have made any demand on
the Borrower) shall be entitled and empowered, by intervention in such
proceeding or otherwise

     (a) to file and prove a claim for the whole amount of the principal and
interest owing and unpaid in respect of the Loans, L/C Obligations and all other
Obligations that are owing and unpaid and to file such other documents as may be
necessary or advisable in order to have the claims of the Lenders, the L/C
Issuer and the Administrative Agent (including any claim for the reasonable
compensation, expenses, disbursements and advances of the Lenders, the L/C
Issuer and the Administrative Agent and their respective agents and counsel and
all other amounts due the Lenders, the L/C Issuer and the Administrative Agent
under Sections 2.03(i) and (j), 2.09 and 10.04) allowed in such judicial
proceeding; and

     (b) to collect and receive any monies or other property payable or
deliverable on any such claims and to distribute the same; and any custodian,
receiver, assignee, trustee, liquidator, sequestrator or other similar official
in any such judicial proceeding is hereby authorized by each Lender and the L/C
Issuer to make such payments to the Administrative Agent and, in the event that
the Administrative Agent shall consent to the making of such payments directly
to the Lenders and the L/C Issuer, to pay to the Administrative Agent any amount
due for the reasonable compensation, expenses, disbursements and advances of the
Administrative Agent and its agents and counsel, and any other amounts due the
Administrative Agent under Sections 2.09 and 10.04.

Nothing contained herein shall be deemed to authorize the Administrative Agent
to authorize or consent to or accept or adopt on behalf of any Lender or the L/C
Issuer any plan of reorganization, arrangement, adjustment or composition
affecting the Obligations or the rights of any Lender or the L/C Issuer to
authorize the Administrative Agent to vote in respect of the claim of any Lender
or the L/C Issuer in any such proceeding.

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     9.10. GUARANTY MATTERS. The Lenders and the L/C Issuer irrevocably
authorize the Administrative Agent to release any Guarantor from its obligations
under the Guaranty if such Person ceases to be a Subsidiary as a result of a
transaction permitted hereunder.

Upon request by the Administrative Agent at any time, the Required Lenders will
confirm in writing the Administrative Agent's authority to release any Guarantor
from its obligations under the Guaranty pursuant to this Section 9.10.

                                   ARTICLE X.
                                  MISCELLANEOUS

     10.01. AMENDMENTS, ETC. No amendment or waiver of any provision of this
Agreement or any other Loan Document, and no consent to any departure by the
Borrower or any other Loan Party therefrom, shall be effective unless in writing
signed by the Required Lenders and the Borrower or the applicable Loan Party, as
the case may be, and acknowledged by the Administrative Agent, and each such
waiver or consent shall be effective only in the specific instance and for the
specific purpose for which given; provided, however, that no such amendment,
waiver or consent shall:

     (a) waive any condition set forth in Section 4.01(a) without the written
consent of each Lender;

     (b) extend or increase the Commitment of any Lender (or reinstate any
Commitment terminated pursuant to Section 8.02) without the written consent of
such Lender;

     (c) postpone any date fixed by this Agreement or any other Loan Document
for any payment of principal, interest, fees or other amounts due to the Lenders
(or any of them) hereunder or under any other Loan Document without the written
consent of each Lender directly affected thereby;

     (d) reduce the principal of, or the rate of interest specified herein on,
any Loan or L/C Borrowing, or (subject to clause (iv) of the second proviso to
this Section 10.01) any fees or other amounts payable hereunder or under any
other Loan Document without the written consent of each Lender directly affected
thereby; provided, however, that only the consent of the Required Lenders shall
be necessary (i) to amend the definition of "Default Rate" or to waive any
obligation of the Borrower to pay interest or Letter of Credit Fees at the
Default Rate or (ii) to amend any financial covenant hereunder (or any defined
term used therein) even if the effect of such amendment would be to reduce the
rate of interest on any Loan or L/C Borrowing or to reduce any fee payable
hereunder;

     (e) change Section 2.13 or Section 8.03 in a manner that would alter the
pro rata sharing of payments required thereby without the written consent of
each Lender;

     (f) change any provision of this Section or the definition of "Required
Lenders" or any other provision hereof specifying the number or percentage of
Lenders required to amend, waive or otherwise modify any rights hereunder or
make any determination or grant any consent hereunder without the written
consent of each Lender; or

     (g) release all or substantially all of the value of the Guaranty without
the written consent of each Lender (provided that this subsection (g) shall not
require the consent of any Person to the release of any Subsidiary from the
Guaranty in accordance with Section 9.10 in connection with a Disposition of
such Subsidiary that is permitted hereunder); and, provided further, that (i) no
amendment, waiver or consent shall, unless in writing and signed by the L/C
Issuer in addition to the Lenders required above, affect the rights or duties of

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the L/C Issuer under this Agreement or any Issuer Document relating to any
Letter of Credit issued or to be issued by it; (ii) no amendment, waiver or
consent shall, unless in writing and signed by the Swing Line Lender in addition
to the Lenders required above, affect the rights or duties of the Swing Line
Lender under this Agreement; (iii) no amendment, waiver or consent shall, unless
in writing and signed by the Administrative Agent in addition to the Lenders
required above, affect the rights or duties of the Administrative Agent under
this Agreement or any other Loan Document; (iv) the Fee Letters may be amended,
or rights or privileges thereunder waived, in a writing executed only by the
parties thereto. Notwithstanding anything to the contrary herein, no Defaulting
Lender shall have any right to approve or disapprove any amendment, waiver or
consent hereunder, except that the Commitment of such Lender may not be
increased or extended without the consent of such Lender.

     10.02. NOTICES; EFFECTIVENESS; ELECTRONIC COMMUNICATION.

     (a) Notices Generally. Except in the case of notices and other
communications expressly permitted to be given by telephone (and except as
provided in subsection (b) below), all notices and other communications provided
for herein shall be in writing and shall be delivered by hand or overnight
courier service, mailed by certified or registered mail or sent by telecopier as
follows, and all notices and other communications expressly permitted hereunder
to be given by telephone shall be made to the applicable telephone number, as
follows:

            (i) if to the Borrower, the Administrative Agent, the L/C Issuer or
   the Swing Line Lender, to the address, telecopier number, electronic mail
   address or telephone number specified for such Person on Schedule 10.02; and

            (ii) if to any other Lender, to the address, telecopier number,
   electronic mail address or telephone number specified in its Administrative
   Questionnaire.

Notices sent by hand or overnight courier service, or mailed by certified or
registered mail, shall be deemed to have been given when received; notices sent
by telecopier shall be deemed to have been given when sent (except that, if not
given during normal business hours for the recipient, shall be deemed to have
been given at the opening of business on the next business day for the
recipient). Notices delivered through electronic communications to the extent
provided in subsection (b) below, shall be effective as provided in such
subsection (b).

     (b) Electronic Communications. Notices and other communications to the
Lenders and the L/C Issuer hereunder may be delivered or furnished by electronic
communication (including e-mail and Internet or intranet websites) pursuant to
procedures approved by the Administrative Agent, provided that the foregoing
shall not apply to notices to any Lender or the L/C Issuer pursuant to Article
II if such Lender or the L/C Issuer, as applicable, has notified the
Administrative Agent that it is incapable of receiving notices under such
Article by electronic communication. The Administrative Agent or the Borrower
may, in its discretion, agree to accept notices and other communications to it
hereunder by electronic communications pursuant to procedures approved by it,
provided that approval of such procedures may be limited to particular notices
or communications.

Unless the Administrative Agent otherwise prescribes, (i) notices and other
communications sent to an e-mail address shall be deemed received upon the
sender's receipt of an acknowledgement from the intended recipient (such as by
the "return receipt requested" function, as available, return e-mail or other
written acknowledgement), provided that if such notice or other communication is
not sent during the normal business hours of the recipient, such notice or
communication shall be deemed to have been sent at the opening of business on
the next

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business day for the recipient, and (ii) notices or communications posted to an
Internet or intranet website shall be deemed received upon the deemed receipt by
the intended recipient at its e-mail address as described in the foregoing
clause (i) of notification that such notice or communication is available and
identifying the website address therefor.

     (c) The Platform. THE PLATFORM IS PROVIDED "AS IS" AND "AS AVAILABLE." THE
AGENT PARTIES (AS DEFINED BELOW) DO NOT WARRANT THE ACCURACY OR COMPLETENESS OF
THE BORROWER MATERIALS OR THE ADEQUACY OF THE PLATFORM, AND EXPRESSLY DISCLAIM
LIABILITY FOR ERRORS IN OR OMISSIONS FROM THE BORROWER MATERIALS. NO WARRANTY OF
ANY KIND, EXPRESS, IMPLIED OR STATUTORY, INCLUDING ANY WARRANTY OF
MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, NON-INFRINGEMENT OF THIRD
PARTY RIGHTS OR FREEDOM FROM VIRUSES OR OTHER CODE DEFECTS, IS MADE BY ANY AGENT
PARTY IN CONNECTION WITH THE BORROWER MATERIALS OR THE PLATFORM. In no event
shall the Administrative Agent or any of its Related Parties (collectively, the
"Agent Parties") have any liability to the Borrower, any Lender, the L/C Issuer
or any other Person for losses, claims, damages, liabilities or expenses of any
kind (whether in tort, contract or otherwise) arising out of the Borrower's or
the Administrative Agent's transmission of Borrower Materials through the
Internet, except to the extent that such losses, claims, damages, liabilities or
expenses are determined by a court of competent jurisdiction by a final and
nonappealable judgment to have resulted from the gross negligence or willful
misconduct of such Agent Party; provided, however, that in no event shall any
Agent Party have any liability to the Borrower, any Lender, the L/C Issuer or
any other Person for indirect, special, incidental, consequential or punitive
damages (as opposed to direct or actual damages).

     (d) Change of Address, Etc. Each of the Borrower, the Administrative Agent,
the L/C Issuer and the Swing Line Lender may change its address, telecopier or
telephone number for notices and other communications hereunder by notice to the
other parties hereto. Each other Lender may change its address, telecopier or
telephone number for notices and other communications hereunder by notice to the
Borrower, the Administrative Agent, the L/C Issuer and the Swing Line Lender. In
addition, each Lender agrees to notify the Administrative Agent from time to
time to ensure that the Administrative Agent has on record (i) an effective
address, contact name, telephone number, telecopier number and electronic mail
address to which notices and other communications may be sent and (ii) accurate
wire instructions for such Lender. Furthermore, each Public Lender agrees to
cause at least one individual at or on behalf of such Public Lender to at all
times have selected the "Private Side Information" or similar designation on the
content declaration screen of the Platform in order to enable such Public Lender
or its delegate, in accordance with such Public Lender's compliance procedures
and applicable Law, including United States Federal and state securities Laws,
to make reference to Borrower Materials that are not made available through the
"Public Side Information" portion of the Platform and that may contain material
non-public information with respect to the Borrower or its securities for
purposes of United States Federal or state securities laws.

     (e) Reliance by Administrative Agent, L/C Issuer and Lenders. The
Administrative Agent, the L/C Issuer and the Lenders shall be entitled to rely
and act upon any notices (including telephonic Revolving Loan Notices and Swing
Line Loan Notices) purportedly given by or on behalf of the Borrower even if (i)
such notices were not made in a manner specified herein, were incomplete or were
not preceded or followed by any other form of notice specified

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herein, or (ii) the terms thereof, as understood by the recipient, varied from
any confirmation thereof. The Borrower shall indemnify the Administrative Agent,
the L/C Issuer, each Lender and the Related Parties of each of them from all
losses, costs, expenses and liabilities resulting from the reliance by such
Person on each notice purportedly given by or on behalf of the Borrower. All
telephonic notices to and other telephonic communications with the
Administrative Agent may be recorded by the Administrative Agent, and each of
the parties hereto hereby consents to such recording.

     10.03. NO WAIVER; CUMULATIVE REMEDIES. No failure by any Lender, the L/C
Issuer or the Administrative Agent to exercise, and no delay by any such Person
in exercising, any right, remedy, power or privilege hereunder shall operate as
a waiver thereof; nor shall any single or partial exercise of any right, remedy,
power or privilege hereunder preclude any other or further exercise thereof or
the exercise of any other right, remedy, power or privilege. The rights,
remedies, powers and privileges herein provided are cumulative and not exclusive
of any rights, remedies, powers and privileges provided by law.

     10.04. EXPENSES; INDEMNITY; DAMAGE WAIVER.

     (a) Costs and Expenses. The Borrower shall pay (i) all reasonable
out-of-pocket expenses incurred by the Administrative Agent and its Affiliates
(including the reasonable fees, charges and disbursements of counsel for the
Administrative Agent, the Syndication Agent and the Arrangers), in connection
with the syndication of the credit facilities provided for herein, the
preparation, negotiation, execution, delivery and administration of this
Agreement and the other Loan Documents or any amendments, modifications or
waivers of the provisions hereof or thereof (whether or not the transactions
contemplated hereby or thereby shall be consummated), (ii) all reasonable
out-of-pocket expenses incurred by the L/C Issuer in connection with the
issuance, amendment, renewal or extension of any Letter of Credit or any demand
for payment thereunder and (iii) all out-of-pocket expenses incurred by the
Administrative Agent, any Lender or the L/C Issuer (including the fees, charges
and disbursements of any counsel for the Administrative Agent, any Lender or the
L/C Issuer), and shall pay all fees and time charges for attorneys who may be
employees of the Administrative Agent, any Lender or the L/C Issuer, in
connection with the enforcement or protection of its rights (A) in connection
with this Agreement and the other Loan Documents, including its rights under
this Section, or (B) in connection with the Loans made or Letters of Credit
issued hereunder, including all such out-of-pocket expenses incurred during any
workout, restructuring or negotiations in respect of such Loans or Letters of
Credit.

     (b) Indemnification by the Borrower. The Borrower shall indemnify the
Administrative Agent (and any sub-agent thereof), the Arrangers, each Lender and
the L/C Issuer, and each Related Party of any of the foregoing Persons (each
such Person being called an "Indemnitee") against, and hold each Indemnitee
harmless from, any and all losses, claims, damages, liabilities and related
expenses (including the fees, charges and disbursements of any counsel for any
Indemnitee), and shall indemnify and hold harmless each Indemnitee from all fees
and time charges and disbursements for attorneys who may be employees of any
Indemnitee, incurred by any Indemnitee or asserted against any Indemnitee by any
third party or by the Borrower or any other Loan Party arising out of, in
connection with, or as a result of (i) the execution or delivery of this
Agreement, any other Loan Document or any agreement or instrument contemplated
hereby or thereby, the performance by the parties hereto of their respective
obligations hereunder or thereunder, the consummation of the transactions
contemplated hereby or thereby, or, in the case of the Administrative Agent (and
any sub-agent

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thereof) and its Related Parties only, the administration of this Agreement and
the other Loan Documents, (ii) any Loan or Letter of Credit or the use or
proposed use of the proceeds therefrom (including any refusal by the L/C Issuer
to honor a demand for payment under a Letter of Credit if the documents
presented in connection with such demand do not strictly comply with the terms
of such Letter of Credit), (iii) any actual or alleged presence or release of
Hazardous Materials on or from any property owned or operated by the Borrower or
any of its Subsidiaries, or any Environmental Liability related in any way to
the Borrower or any of its Subsidiaries, or (iv) any actual or prospective
claim, litigation, investigation or proceeding relating to any of the foregoing,
whether based on contract, tort or any other theory, whether brought by a third
party or by the Borrower or any other Loan Party, and regardless of whether any
Indemnitee is a party thereto; provided that such indemnity shall not, as to any
Indemnitee, be available to the extent that such losses, claims, damages,
liabilities or related expenses (x) are determined by a court of competent
jurisdiction by final and nonappealable judgment to have resulted from the gross
negligence or willful misconduct of such Indemnitee or (y) result from a claim
brought by the Borrower or any other Loan Party against an Indemnitee for any
material breach of a Lender's obligation to fund any Revolving Loan in
accordance with the terms hereof, or any other breach in bad faith of such
Indemnitee's obligations hereunder or under any other Loan Document, if the
Borrower or such Loan Party has obtained a final and nonappealable judgment in
its favor on such claim as determined by a court of competent jurisdiction. All
Indemnitees shall use a single counsel for related claims in each applicable
jurisdiction; provided that an Indemnitee shall have the right to employ
separate counsel, and the Borrower shall bear the reasonable fees, costs and
expenses of such separate counsel, if (1) the use of counsel chosen by the other
Indemnitees to represent the Indemnitees would present such counsel with a
conflict of interest; (2) such Indemnitee shall have reasonably concluded, in
good faith, that there may be legal claims or defenses available to it that are
different from or additional to those available to the other Indemnitees; (3)
such Indemnitee shall have reasonably concluded, in good faith, that it
otherwise has divergent interests from the other Indemnitees or (4) the Borrower
shall authorize in writing such Indemnitee to employ separate counsel at the
Borrower's expense.

         (c) Reimbursement by Lenders. To the extent that the Borrower for any
reason fails to indefeasibly pay any amount required under subsection (a) or (b)
of this Section to be paid by it to the Administrative Agent (or any sub-agent
thereof), the L/C Issuer or any Related Party of any of the foregoing, each
Lender severally agrees to pay to the Administrative Agent (or any such
sub-agent), the L/C Issuer or such Related Party, as the case may be, such
Lender's Applicable Percentage (determined as of the time that the applicable
unreimbursed expense or indemnity payment is sought) of such unpaid amount,
provided that the unreimbursed expense or indemnified loss, claim, damage,
liability or related expense, as the case may be, was incurred by or asserted
against the Administrative Agent (or any such sub-agent) or the L/C Issuer in
its capacity as such, or against any Related Party of any of the foregoing
acting for the Administrative Agent (or any such sub-agent) or L/C Issuer in
connection with such capacity. The obligations of the Lenders under this
subsection (c) are subject to the provisions of Section 2.12(d).

         (d) Waiver of Consequential Damages, Etc. To the fullest extent
permitted by applicable law, the Borrower shall not assert, and hereby waives,
any claim against any Indemnitee, on any theory of liability, for special,
indirect, consequential or punitive damages (as opposed to direct or actual
damages) arising out of, in connection with, or as a result of, this Agreement,
any other Loan Document or any agreement or instrument contemplated hereby, the

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transactions contemplated hereby or thereby, any Loan or Letter of Credit or the
use of the proceeds thereof. No Indemnitee referred to in subsection (b) above
shall be liable for any damages arising from the use by unintended recipients of
any information or other materials distributed to such unintended recipients by
such Indemnitee through telecommunications, electronic or other information
transmission systems in connection with this Agreement or the other Loan
Documents or the transactions contemplated hereby or thereby other than for
direct or actual damages resulting from the gross negligence or willful
misconduct of such Indemnitee as determined by a final and nonappealable
judgment of a court of competent jurisdiction.

     (e) Payments. All amounts due under this Section shall be payable not later
than ten Business Days after demand therefor.

     (f) Survival. The agreements in this Section shall survive the resignation
of the Administrative Agent, the L/C Issuer and the Swing Line Lender, the
replacement of any Lender, the termination of the Aggregate Commitments and the
repayment, satisfaction or discharge of all the other Obligations.

     10.05. PAYMENTS SET ASIDE. To the extent that any payment by or on behalf
of the Borrower is made to the Administrative Agent, the L/C Issuer or any
Lender, or the Administrative Agent, the L/C Issuer or any Lender exercises its
right of setoff, and such payment or the proceeds of such setoff or any part
thereof is subsequently invalidated, declared to be fraudulent or preferential,
set aside or required (including pursuant to any settlement entered into by the
Administrative Agent, the L/C Issuer or such Lender in its discretion) to be
repaid to a trustee, receiver or any other party, in connection with any
proceeding under any Debtor Relief Law or otherwise, then (a) to the extent of
such recovery, the obligation or part thereof originally intended to be
satisfied shall be revived and continued in full force and effect as if such
payment had not been made or such setoff had not occurred, and (b) each Lender
and the L/C Issuer severally agrees to pay to the Administrative Agent upon
demand its applicable share (without duplication) of any amount so recovered
from or repaid by the Administrative Agent, plus interest thereon from the date
of such demand to the date such payment is made at a rate per annum equal to the
Federal Funds Rate from time to time in effect. The obligations of the Lenders
and the L/C Issuer under clause (b) of the preceding sentence shall survive the
payment in full of the Obligations and the termination of this Agreement.

     10.06. SUCCESSORS AND ASSIGNS.

     (a) Successors and Assigns Generally. The provisions of this Agreement
shall be binding upon and inure to the benefit of the parties hereto and their
respective successors and assigns permitted hereby, except that the Borrower may
not assign or otherwise transfer any of its rights or obligations hereunder
without the prior written consent of the Administrative Agent and each Lender
and no Lender may assign or otherwise transfer any of its rights or obligations
hereunder except (i) to an assignee in accordance with the provisions of
subsection (b) of this Section, (ii) by way of participation in accordance with
the provisions of subsection (d) of this Section, or (iii) by way of pledge or
assignment of a security interest subject to the restrictions of subsection (f)
of this Section (and any other attempted assignment or transfer by any party
hereto shall be null and void). Nothing in this Agreement, expressed or implied,
shall be construed to confer upon any Person (other than the parties hereto,
their respective successors and assigns permitted hereby, Participants to the
extent provided in subsection (d) of this Section and, to the extent expressly
contemplated hereby, the Related Parties of each of the Administrative Agent,
the L/C Issuer and the Lenders) any legal or equitable right, remedy or claim
under or by reason of this Agreement.

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     (b) Assignments by Lenders. Any Lender may at any time assign to one or
more assignees all or a portion of its rights and obligations under this
Agreement (including all or a portion of its Commitment and the Loans (including
for purposes of this subsection (b), participations in L/C Obligations and in
Swing Line Loans) at the time owing to it); provided that any such assignment
shall be subject to the following conditions:

       (i) Minimum Amounts.

            (A) in the case of an assignment of the entire remaining amount of
       the assigning Lender's Commitment and the Loans at the time owing to it
       or in the case of an assignment to a Lender, an Affiliate of a Lender or
       an Approved Fund, no minimum amount need be assigned; and

            (B) in any case not described in subsection (b)(i)(A) of this
       Section, the aggregate amount of the Commitment (which for this purpose
       includes Loans outstanding thereunder) or, if the Commitment is not then
       in effect, the principal outstanding balance of the Loans of the
       assigning Lender subject to each such assignment, determined as of the
       date the Assignment and Assumption with respect to such assignment is
       delivered to the Administrative Agent or, if "Trade Date" is specified in
       the Assignment and Assumption, as of the Trade Date, shall not be less
       than $5,000,000 unless each of the Administrative Agent and, so long as
       no Event of Default has occurred and is continuing, the Borrower
       otherwise consents (each such consent not to be unreasonably withheld or
       delayed); provided, however, that concurrent assignments to members of an
       Assignee Group and concurrent assignments from members of an Assignee
       Group to a single Eligible Assignee (or to an Eligible Assignee and
       members of its Assignee Group) will be treated as a single assignment for
       purposes of determining whether such minimum amount has been met.

        (ii) Proportionate Amounts. Each partial assignment shall be made as an
     assignment of a proportionate part of all the assigning Lender's rights and
     obligations under this Agreement with respect to the Loans or the
     Commitment assigned, except that this clause (ii) shall not apply to the
     Swing Line Lender's rights and obligations in respect of Swing Line Loans;

        (iii) Required Consents. No consent shall be required for any assignment
     except to the extent required by subsection (b)(i)(B) of this Section and,
     in addition:

            (A) the consent of the Borrower (such consent not to be unreasonably
       withheld or delayed) shall be required unless (1) an Event of Default has
       occurred and is continuing at the time of such assignment or (2) such
       assignment is to a Lender, an Affiliate of a Lender or an Approved Fund;

            (B) the consent of the Administrative Agent (such consent not to be
       unreasonably withheld or delayed) shall be required if such assignment is
       to a Person that is not a Lender, an Affiliate of such Lender or an
       Approved Fund with respect to such Lender;

            (C) the consent of the L/C Issuer (such consent not to be
       unreasonably withheld or delayed) shall be required for any assignment
       that increases the obligation of the assignee to participate in exposure
       under one or more Letters of Credit (whether or not then outstanding);
       and

            (D) the consent of the Swing Line Lender (such consent not to be
       unreasonably withheld or delayed) shall be required for any assignment.

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            (iv) Assignment and Assumption. The parties to each assignment shall
     execute and deliver to the Administrative Agent an Assignment and
     Assumption, together with a processing and recordation fee in the amount of
     $3,500; provided, however, that the Administrative Agent may, in its sole
     discretion, elect to waive such processing and recordation fee in the case
     of any assignment. The assignee, if it is not a Lender, shall deliver to
     the Administrative Agent an Administrative Questionnaire.

            (v) No Assignment to Borrower. No such assignment shall be made to
     the Borrower or any of the Borrower's Affiliates or Subsidiaries.

            (vi) No Assignment to Natural Persons. No such assignment shall be
     made to a natural person.

            (vii) No Assignment to Certain Foreign Lenders. No such assignment
     shall be made to a Foreign Lender unless such Foreign Lender is not subject
     to, or is entitled to a complete exemption from, withholding tax under the
     law of the jurisdiction in which the Borrower is a resident for tax
     purposes, or under any applicable tax treaty to which such jurisdiction is
     a party, with respect to any and all payments under this Agreement and the
     other Loan Documents, and such Foreign Lender has delivered to the Borrower
     (with a copy to the Administrative Agent) the documentation required under
     Section 3.01(e).

Subject to acceptance and recording thereof by the Administrative Agent pursuant
to subsection (c) of this Section, from and after the effective date specified
in each Assignment and Assumption, the assignee thereunder shall be a party to
this Agreement and, to the extent of the interest assigned by such Assignment
and Assumption, have the rights and obligations of a Lender under this
Agreement, and the assigning Lender thereunder shall, to the extent of the
interest assigned by such Assignment and Assumption, be released from its
obligations under this Agreement (and, in the case of an Assignment and
Assumption covering all of the assigning Lender's rights and obligations under
this Agreement, such Lender shall cease to be a party hereto) but shall continue
to be entitled to the benefits of Sections 3.01, 3.04, 3.05, and 10.04 with
respect to facts and circumstances occurring prior to the effective date of such
assignment. Upon request, the Borrower (at its expense) shall execute and
deliver a Note to the assignee Lender. Any assignment or transfer by a Lender of
rights or obligations under this Agreement that does not comply with this
subsection shall be treated for purposes of this Agreement as a sale by such
Lender of a participation in such rights and obligations in accordance with
subsection (d) of this Section.

     (c) Register. The Administrative Agent, acting solely for this purpose as
an agent of the Borrower, shall maintain at the Administrative Agent's Office a
copy of each Assignment and Assumption delivered to it and a register for the
recordation of the names and addresses of the Lenders, and the Commitments of,
and principal amounts of the Loans and L/C Obligations owing to, each Lender
pursuant to the terms hereof from time to time (the "Register"). The entries in
the Register shall be conclusive, and the Borrower, the Administrative Agent and
the Lenders may treat each Person whose name is recorded in the Register
pursuant to the terms hereof as a Lender hereunder for all purposes of this
Agreement, notwithstanding notice to the contrary. The Register shall be
available for inspection by the Borrower and any Lender, at any reasonable time
and from time to time upon reasonable prior notice.

     (d) Participations. Any Lender may at any time, without the consent of, or
notice to, the Borrower or the Administrative Agent, sell participations to any
Person (other than a natural person or the Borrower or any of the Borrower's
Affiliates or Subsidiaries) (each, a "Participant") in all or a portion of such
Lender's rights and/or obligations under this Agreement

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(including all or a portion of its Commitment and/or the Loans (including such
Lender's participations in L/C Obligations and/or Swing Line Loans) owing to
it); provided that (i) such Lender's obligations under this Agreement shall
remain unchanged, (ii) such Lender shall remain solely responsible to the other
parties hereto for the performance of such obligations and (iii) the Borrower,
the Administrative Agent, the Lenders and the L/C Issuer shall continue to deal
solely and directly with such Lender in connection with such Lender's rights and
obligations under this Agreement.

Any agreement or instrument pursuant to which a Lender sells such a
participation shall provide that such Lender shall retain the sole right to
enforce this Agreement and to approve any amendment, modification or waiver of
any provision of this Agreement; provided that such agreement or instrument may
provide that such Lender will not, without the consent of the Participant, agree
to any amendment, waiver or other modification described in the first proviso to
Section 10.01 that affects such Participant. Subject to subsection (e) of this
Section, the Borrower agrees that each Participant shall be entitled to the
benefits of Sections 3.01, 3.04 and 3.05 to the same extent as if it were a
Lender and had acquired its interest by assignment pursuant to subsection (b) of
this Section. To the extent permitted by law, each Participant also shall be
entitled to the benefits of Section 10.08 as though it were a Lender, provided
such Participant agrees to be subject to Section 2.13 as though it were a
Lender.

     (e) Limitations upon Participant Rights. A Participant shall not be
entitled to receive any greater payment under Section 3.01 or 3.04 than the
applicable Lender would have been entitled to receive with respect to the
participation sold to such Participant. A Participant that would be a Foreign
Lender if it were a Lender shall not be entitled to the benefits of Section 3.01
unless the Borrower is notified of the participation sold to such Participant
and such Participant agrees, for the benefit of the Borrower, to comply with
Section 3.01(e) as though it were a Lender.

     (f) Certain Pledges. Any Lender may at any time pledge or assign a security
interest in all or any portion of its rights under this Agreement (including
under its Note, if any) to secure obligations of such Lender, including any
pledge or assignment to secure obligations to a Federal Reserve Bank; provided
that no such pledge or assignment shall release such Lender from any of its
obligations hereunder or substitute any such pledgee or assignee for such Lender
as a party hereto.

     (g) Electronic Execution of Assignments. The words "execution," "signed,"
"signature," and words of like import in any Assignment and Assumption shall be
deemed to include electronic signatures or the keeping of records in electronic
form, each of which shall be of the same legal effect, validity or
enforceability as a manually executed signature or the use of a paper-based
recordkeeping system, as the case may be, to the extent and as provided for in
any applicable law, including the Federal Electronic Signatures in Global and
National Commerce Act, the New York State Electronic Signatures and Records Act,
or any other similar state laws based on the Uniform Electronic Transactions
Act.

     (h) Resignation as L/C Issuer or Swing Line Lender after Assignment.
Notwithstanding anything to the contrary contained herein, if at any time Bank
of America assigns all of its Commitment and Loans pursuant to subsection (b)
above, Bank of America may, (i) upon 30 days' notice to the Borrower and the
Lenders, resign as L/C Issuer and/or (ii) upon 30 days' notice to the Borrower,
resign as Swing Line Lender. In the event of any such resignation as L/C Issuer
or Swing Line Lender, the Borrower shall be entitled to appoint from among the
Lenders a successor L/C Issuer or Swing Line Lender hereunder; provided,
however,

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that no failure by the Borrower to appoint any such successor shall affect the
resignation of Bank of America as L/C Issuer or Swing Line Lender, as the case
may be. If Bank of America resigns as L/C Issuer, it shall retain all the
rights, powers, privileges and duties of the L/C Issuer hereunder with respect
to all Letters of Credit outstanding as of the effective date of its resignation
as L/C Issuer and all L/C Obligations with respect thereto (including the right
to require the Lenders to make Base Rate Revolving Loans or fund risk
participations in Unreimbursed Amounts pursuant to Section 2.03(c)). If Bank of
America resigns as Swing Line Lender, it shall retain all the rights of the
Swing Line Lender provided for hereunder with respect to Swing Line Loans made
by it and outstanding as of the effective date of such resignation, including
the right to require the Lenders to make Base Rate Revolving Loans or fund risk
participations in outstanding Swing Line Loans pursuant to Section 2.04(c). Upon
the appointment of a successor L/C Issuer and/or Swing Line Lender, (a) such
successor shall succeed to and become vested with all of the rights, powers,
privileges and duties of the retiring L/C Issuer or Swing Line Lender, as the
case may be, and (b) the successor L/C Issuer shall issue letters of credit in
substitution for the Letters of Credit, if any, outstanding at the time of such
succession or make other arrangements satisfactory to Bank of America to
effectively assume the obligations of Bank of America with respect to such
Letters of Credit.

     10.07. TREATMENT OF CERTAIN INFORMATION; CONFIDENTIALITY. Each of the
Administrative Agent, the Lenders and the L/C Issuer agrees to maintain the
confidentiality of the Information (as defined below), except that Information
may be disclosed (a) to its Affiliates and to its and its Affiliates' respective
partners, directors, officers, employees, agents, advisors and representatives,
solely in connection with, or for purposes of, this Agreement, or in connection
with matters reasonably incidental hereto, (it being understood that the Persons
to whom such disclosure is made will be informed of the confidential nature of
such Information and instructed to keep such Information confidential), (b) to
the extent requested by any regulatory authority purporting to have jurisdiction
over it (including any self-regulatory authority, such as the National
Association of Insurance Commissioners), (c) to the extent required by
applicable law or regulations or by any subpoena or similar legal process,
provided that the Administrative Agent, such Lender or the L/C Issuer, as the
case may be, shall, at the sole cost and expense of the Borrower, request
confidential treatment of such Confidential Information to the extent
practicable and permitted by applicable law and the Administrative Agent, such
Lender or the L/C Issuer, as the case may be, shall, to the extent permitted by
applicable law, promptly inform the Borrower with respect thereto so that the
Borrower may seek appropriate protective relief to the extent permitted by
applicable law, provided, further, that in the event such protective remedy or
other remedy is not obtained, the Administrative Agent, such Lender or the L/C
Issuer, as the case may be, shall furnish only that portion of the Confidential
Information that is legally required and shall disclose the Confidential
Information in a manner reasonably designed to preserve its confidential nature
and shall, at the sole cost and expense of the Borrower, cooperate with the
Borrower's counsel to enable the Borrower to attempt to obtain a protective
order or other reliable assurance that confidential treatment will be accorded
to the Confidential Information, (d) to any other party hereto, (e) in
connection with the exercise of any remedies hereunder or under any other Loan
Document or any action or proceeding relating to this Agreement or any other
Loan Document or the enforcement of rights hereunder or thereunder, (f) subject
to an agreement containing provisions substantially the same as those of this
Section, to (i) any assignee of or Participant in, or any prospective assignee
of or Participant in, any of its rights or obligations under this Agreement or
any Eligible Assignee

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invited to be a Lender pursuant to Section 2.14(c) or (ii) any actual or
prospective counterparty (or its advisors) to any swap or derivative transaction
relating to the Borrower and its obligations, (g) with the consent of the
Borrower or (h) to the extent such Information (x) becomes publicly available
other than as a result of a breach of this Section or (y) becomes available to
the Administrative Agent, any Lender, the L/C Issuer or any of their respective
Affiliates on a nonconfidential basis from a source other than the Borrower
which source, to the actual knowledge of the Administrative Agent, such Lender
or the L/C Issuer, as the case may be, is not prohibited from disclosing such
Confidential Information to such Person by a contractual, legal or fiduciary
obligation to the Borrower, the Administrative Agent, any Lender or the L/C
Issuer.

For purposes of this Section, "Information" means all information received from
the Borrower or any Subsidiary relating to the Borrower or any Subsidiary or any
of their respective businesses, other than any such information that is
available to the Administrative Agent, any Lender or the L/C Issuer on a
nonconfidential basis prior to disclosure by the Borrower or any Subsidiary. Any
Person required to maintain the confidentiality of Information as provided in
this Section shall be considered to have complied with its obligation to do so
if such Person has exercised the same degree of care to maintain the
confidentiality of such Information as such Person would accord to its own
confidential information.

Each of the Administrative Agent, the Lenders and the L/C Issuer acknowledges
that (a) the Information may include material non-public information concerning
the Borrower or a Subsidiary, as the case may be, (b) it has developed
compliance procedures regarding the use of material non-public information and
(c) it will handle such material non-public information in accordance with
applicable Law, including United States Federal and state securities Laws.

     10.08. RIGHT OF SETOFF. If an Event of Default shall have occurred and be
continuing, each Lender, the L/C Issuer and each of their respective Affiliates
is hereby authorized at any time and from time to time, to the fullest extent
permitted by applicable law, to set off and apply any and all deposits (general
or special, time or demand, provisional or final, in whatever currency) at any
time held and other obligations (in whatever currency) at any time owing by such
Lender, the L/C Issuer or any such Affiliate to or for the credit or the account
of the Borrower against any and all of the obligations of the Borrower now or
hereafter existing under this Agreement or any other Loan Document to such
Lender or the L/C Issuer, irrespective of whether or not such Lender or the L/C
Issuer shall have made any demand under this Agreement or any other Loan
Document and although such obligations of the Borrower may be contingent or
unmatured or are owed to a branch or office of such Lender or the L/C Issuer
different from the branch or office holding such deposit or obligated on such
indebtedness. The rights of each Lender, the L/C Issuer and their respective
Affiliates under this Section are in addition to other rights and remedies
(including other rights of setoff) that such Lender, the L/C Issuer or their
respective Affiliates may have. Each Lender and the L/C Issuer agrees to notify
the Borrower and the Administrative Agent promptly after any such setoff and
application, provided that the failure to give such notice shall not affect the
validity of such setoff and application.

     10.09. INTEREST RATE LIMITATION. Notwithstanding anything to the contrary
contained in any Loan Document, the interest paid or agreed to be paid under the
Loan Documents shall not exceed the maximum rate of non-usurious interest
permitted by applicable Law (the "Maximum Rate"). If the Administrative Agent or
any Lender shall receive interest in an amount that exceeds the Maximum Rate,
the excess interest shall be applied to the principal of the Loans or, if it
exceeds such unpaid principal, refunded to the Borrower. In determining whether
the interest contracted for, charged, or received by the Administrative Agent or
a Lender exceeds the Maximum Rate, such Person may, to the extent permitted by
applicable Law, (a) characterize any payment that is not principal as an
expense, fee, or premium rather than interest, (b) exclude voluntary prepayments
and the effects thereof, and (c) amortize, prorate, allocate, and spread in
equal or unequal parts the total amount of interest throughout the contemplated
term of the Obligations hereunder.

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     10.10. COUNTERPARTS; INTEGRATION; EFFECTIVENESS. This Agreement may be
executed in counterparts (and by different parties hereto in different
counterparts), each of which shall constitute an original, but all of which when
taken together shall constitute a single contract. This Agreement and the other
Loan Documents constitute the entire contract among the parties relating to the
subject matter hereof and supersede any and all previous agreements and
understandings, oral or written, relating to the subject matter hereof. Except
as provided in Section 4.01, this Agreement shall become effective when it shall
have been executed by the Administrative Agent and when the Administrative Agent
shall have received counterparts hereof that, when taken together, bear the
signatures of each of the other parties hereto. Delivery of an executed
counterpart of a signature page of this Agreement by telecopy shall be effective
as delivery of a manually executed counterpart of this Agreement.

     10.11. SURVIVAL OF REPRESENTATIONS AND WARRANTIES. All representations and
warranties made hereunder and in any other Loan Document or other document
delivered pursuant hereto or thereto or in connection herewith or therewith
shall survive the execution and delivery hereof and thereof. Such
representations and warranties have been or will be relied upon by the
Administrative Agent and each Lender, regardless of any investigation made by
the Administrative Agent or any Lender or on their behalf and notwithstanding
that the Administrative Agent or any Lender may have had notice or knowledge of
any Default at the time of any Credit Extension, and shall continue in full
force and effect as long as any Loan or any other Obligation hereunder shall
remain unpaid or unsatisfied or any Letter of Credit shall remain outstanding.

     10.12. SEVERABILITY. If any provision of this Agreement or the other Loan
Documents is held to be illegal, invalid or unenforceable, (a) the legality,
validity and enforceability of the remaining provisions of this Agreement and
the other Loan Documents shall not be affected or impaired thereby and (b) the
parties shall endeavor in good faith negotiations to replace the illegal,
invalid or unenforceable provisions with valid provisions the economic effect of
which comes as close as possible to that of the illegal, invalid or
unenforceable provisions. The invalidity of a provision in a particular
jurisdiction shall not invalidate or render unenforceable such provision in any
other jurisdiction.

     10.13. REPLACEMENT OF LENDERS. If (a) any Lender requests compensation
under Section 3.04, (b) the Borrower is required to pay any additional amount to
any Lender or any Governmental Authority for the account of any Lender pursuant
to Section 3.01, (c) any Lender is a Defaulting Lender or (d) any Lender (a
"Non-Consenting Lender") refuses to consent to an amendment, modification or
waiver of this Agreement that, pursuant to this Section 10.13, requires consent
of 100% of the Lenders, then the Borrower may, at its sole expense and effort,
upon notice to such Lender and the Administrative Agent, require such Lender to
assign and delegate, without recourse (in accordance with and subject to the
restrictions contained in, and consents required by, Section 10.06), all of its
interests, rights and obligations under this Agreement and the related Loan
Documents to an assignee that shall assume such obligations (which assignee may
be another Lender, if a Lender accepts such assignment), provided that:

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     (a) the Borrower shall have paid to the Administrative Agent the assignment
fee specified in Section 10.06(b);

     (b) such Lender shall have received payment of an amount equal to the
outstanding principal of its Loans and L/C Advances, accrued interest thereon,
accrued fees and all other amounts payable to it hereunder and under the other
Loan Documents (including any amounts under Section 3.05) from the assignee (to
the extent of such outstanding principal and accrued interest and fees) or the
Borrower (in the case of all other amounts);

     (c) in the case of any such assignment resulting from a claim for
compensation under Section 3.04 or payments required to be made pursuant to
Section 3.01, such assignment will result in a reduction in such compensation or
payments thereafter;

     (d) in the event such Lender is a Non-Consenting Lender, each assignee
shall consent, at the time of such assignment, to each matter in respect of
which such Lender was a Non-Consenting Lender and the Company also requires each
other Lender that is a Non-Consenting Lender to assign its Loans and
Commitments; and

     (e) such assignment does not conflict with applicable Laws.

A Lender shall not be required to make any such assignment or delegation if
reasonably promptly after its receipt of notice from the Borrower pursuant to
this Section 10.13, as a result of a waiver by such Lender or otherwise, the
circumstances entitling the Borrower to require such assignment and delegation
cease to apply, or, in the case of clause (a) or (b) above, such Lender notifies
the Borrower that the circumstances giving rise to such Lender's request for
compensation or additional amounts shall not be used by such Lender as a basis
for future requests under Sections 3.01 or 3.04.

     10.14. GOVERNING LAW; JURISDICTION; ETC.

     (a) GOVERNING LAW. THIS AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED IN
ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK.

     (b) SUBMISSION TO JURISDICTION. THE BORROWER IRREVOCABLY AND
UNCONDITIONALLY SUBMITS, FOR ITSELF AND ITS PROPERTY, TO THE NONEXCLUSIVE
JURISDICTION OF THE COURTS OF THE STATE OF NEW YORK SITTING IN THE COUNTY OF NEW
YORK AND OF THE UNITED STATES DISTRICT COURT OF THE SOUTHERN DISTRICT OF NEW
YORK, AND ANY APPELLATE COURT FROM ANY THEREOF, IN ANY ACTION OR PROCEEDING
ARISING OUT OF OR RELATING TO THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT, OR FOR
RECOGNITION OR ENFORCEMENT OF ANY JUDGMENT, AND EACH OF THE PARTIES HERETO
IRREVOCABLY AND UNCONDITIONALLY AGREES THAT ALL CLAIMS IN RESPECT OF ANY SUCH
ACTION OR PROCEEDING MAY BE HEARD AND DETERMINED IN SUCH NEW YORK STATE COURT
OR, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, IN SUCH FEDERAL COURT.
EACH OF THE PARTIES HERETO AGREES THAT A FINAL JUDGMENT IN ANY SUCH ACTION OR
PROCEEDING SHALL BE CONCLUSIVE AND MAY BE ENFORCED IN OTHER JURISDICTIONS BY
SUIT ON THE JUDGMENT OR IN ANY OTHER MANNER PROVIDED BY LAW. NOTHING IN THIS
AGREEMENT OR IN ANY OTHER LOAN DOCUMENT SHALL AFFECT ANY RIGHT THAT THE
ADMINISTRATIVE AGENT, ANY LENDER OR THE L/C ISSUER MAY OTHERWISE HAVE TO BRING
ANY ACTION OR PROCEEDING RELATING TO THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT
AGAINST THE BORROWER OR ITS PROPERTIES IN THE COURTS OF ANY JURISDICTION.

                                       80

<PAGE>

     (c) WAIVER OF VENUE. THE BORROWER IRREVOCABLY AND UNCONDITIONALLY WAIVES,
TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY OBJECTION THAT IT MAY NOW
OR HEREAFTER HAVE TO THE LAYING OF VENUE OF ANY ACTION OR PROCEEDING ARISING OUT
OF OR RELATING TO THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT IN ANY COURT
REFERRED TO IN PARAGRAPH (B) OF THIS SECTION. EACH OF THE PARTIES HERETO HEREBY
IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, THE
DEFENSE OF AN INCONVENIENT FORUM TO THE MAINTENANCE OF SUCH ACTION OR PROCEEDING
IN ANY SUCH COURT.

     (d) SERVICE OF PROCESS. EACH PARTY HERETO IRREVOCABLY CONSENTS TO SERVICE
OF PROCESS IN THE MANNER PROVIDED FOR NOTICES IN SECTION 10.02. NOTHING IN THIS
AGREEMENT WILL AFFECT THE RIGHT OF ANY PARTY HERETO TO SERVE PROCESS IN ANY
OTHER MANNER PERMITTED BY APPLICABLE LAW.

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

     10.16. NO ADVISORY OR FIDUCIARY RESPONSIBILITY. In connection with all
aspects of each transaction contemplated hereby (including in connection with
any amendment, waiver or other modification hereof or of any other Loan
Document), the Borrower acknowledges and agrees, and acknowledges its
Affiliates' understanding, that: (i) (A) the arranging and other services
regarding this Agreement provided by the Administrative Agent and the Arrangers,
are arm's-length commercial transactions between the Borrower and its
Affiliates, on the one hand, and the Administrative Agent and the Arrangers, on
the other hand, (B) the Borrower has consulted its own legal, accounting,
regulatory and tax advisors to the extent it has deemed appropriate, and (C) the
Borrower is capable of evaluating, and understands and accepts, the terms, risks
and conditions of the transactions contemplated hereby and by the other Loan
Documents; (ii) (A) the Administrative Agent and each of the Arrangers, each is
and has been acting solely as a principal and, except as expressly agreed in
writing by the relevant parties, has not been, is not, and will not be acting as
an advisor, agent or fiduciary for the Borrower or any of its Affiliates, or any
other Person and (B) neither the Administrative Agent nor any Arranger has any
obligation to the Borrower or any of its Affiliates with respect to the
transactions contemplated hereby except those obligations expressly set forth
herein and in the other Loan Documents; and (iii) the Administrative Agent and
the Arrangers and their respective Affiliates may be engaged in a broad range of
transactions that involve interests that differ from those of

                                      81

<PAGE>

the Borrower and its Affiliates, and neither the Administrative Agent nor any
Arranger has any obligation to disclose any of such interests to the Borrower or
its any of their respective Affiliates. To the fullest extent permitted by law,
the Borrower hereby waives and releases any claims that it may have against the
Administrative Agent and the Arrangers with respect to any breach or alleged
breach of agency or fiduciary duty in connection with any aspect of any
transaction contemplated hereby.

     10.17. USA PATRIOT ACT NOTICE. Each Lender that is subject to the Act (as
hereinafter defined) and the Administrative Agent (for itself and not on behalf
of any Lender) hereby notifies the Borrower that pursuant to the requirements of
the USA PATRIOT Act (Title III of Pub. L. 107-56 (signed into law October 26,
2001)) (the "Act"), it is required to obtain, verify and record information that
identifies the Borrower, which information includes the name and address of the
Borrower and other information that will allow such Lender or the Administrative
Agent, as applicable, to identify the Borrower in accordance with the Act.

                                       82

<PAGE>

IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly
executed as of the date first above written.

                           WRIGHT EXPRESS CORPORATION

                           By: /s/ Melissa D. Smith
                               -------------------------------------------
                           Name: Melissa D. Smith
                           Title: Senior Vice President, Finance and Chief
                                  Financial Officer

                        (Credit Agreement Signature Page)

<PAGE>

                             BANK OF AMERICA, N.A.,
                             as Administrative Agent

                             By:  /s/ Kalens Herold
                                  --------------------------------------
                             Name: Kalens Herold
                             Title: Assistant Vice President

                        (Credit Agreement Signature Page)

<PAGE>

                             BANK OF AMERICA, N.A.,
                             as a Lender, L/C Issuer and Swing Line Lender

                             By: /s/ Janet A. Parker
                                 ------------------------------------------
                             Name: Janet A. Parker
                             Title: Vice President

                        (Credit Agreement Signature Page)

<PAGE>

                             SUNTRUST BANK,
                             as Syndication Agent and a Lender

                             By:  /s/ Robert S. Ashcom
                                  -----------------------------------------
                             Name: Robert S. Ashcom
                             Title: Director

                       (Credit Agreement Signature Page)
<PAGE>

                             BANK OF MONTREAL,
                             acting under its trade name
                             BMO CAPITAL MARKETS,
                             as Co-Documentation Agent

                             By: /s/ Thomas J. Wilson
                                 --------------------------------------------
                             Name: Thomas J. Wilson
                             Title: Vice President

                             BMO CAPITAL MARKETS FINANCING, INC., as a Lender

                             By: /s/ Thomas J. Wilson
                                 --------------------------------------------
                             Name: Thomas J. Wilson
                             Title: Vice President

                        (Credit Agreement Signature Page)

<PAGE>

                             KEYBANK NATIONAL ASSOCIATION,
                             as Co-Documentation Agent and a Lender

                             By: /s/ Eric S. Christensen
                                 --------------------------------------------
                             Name: Eric S. Christensen
                             Title: Senior Vice President

                        (Credit Agreement Signature Page)

<PAGE>

                             TD BANKNORTH, N.A.,
                             as Co-Documentation Agent and a Lender

                             By: /s/ Charles A. Walker
                                 ---------------------------------------------
                             Name: Charles A. Walker
                             Title: Senior Vice President

                        (Credit Agreement Signature Page)

<PAGE>

                             WELLS FARGO BANK N.A.,
                             as a Lender

                             By: /s/ Douglas Bryant
                                 ----------------------------------------
                             Name:  Douglas Bryant
                             Title: Regional Vice President

                        (Credit Agreement Signature Page)

<PAGE>

                             BANK OF TOKYO - MITSUBISHI UFJ TRUST COMPANY,
                             as a Lender

                             By: /s/ J. Reid
                                 ------------------------------------------
                             Name: J. Reid
                             Title: Vice President and Manager

                        (Credit Agreement Signature Page)

<PAGE>

                             MERRILL LYNCH BANK USA,
                             as a Lender

                             By: /s/ Louis Alder
                                 -------------------------------------------
                             Name: Louis Alder
                             Title: Director

                        (Credit Agreement Signature Page)

<PAGE>

                             WACHOVIA BANK, NATIONAL
                             ASSOCIATION, as a Lender

                             By: /s/ Karin E. Samuel
                                 -------------------------------------------
                             Name: Karin E. Samuel
                             Title: Vice President

                                      -1-

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