Document:

Registration Rights Agreement

 EXHIBIT 10.4 
  
 REGISTRATION RIGHTS AGREEMENT 
  

REGISTRATION RIGHTS AGREEMENT (this “Agreement”), dated as of December 20, 2005, by and among Maxwell Technologies, Inc.,
a Delaware corporation, with headquarters located at 8888 Balboa Avenue, San Diego CA 92123 (the ”Company”), and the undersigned buyers (each, a “Buyer”, and collectively, the “Buyers”).

  
 WHEREAS: 
  
 A. In connection with the Securities Purchase Agreement by and among the
parties hereto of even date herewith (the “Securities Purchase Agreement”), the Company has agreed, upon the terms and subject to the conditions set forth in the Securities Purchase Agreement, to issue and sell to each Buyer
(i) convertible notes of the Company (the “Notes”) which will, among other things, be convertible into shares of the Company’s common stock, par value $0.10 per share (the “Common Stock”) (as converted,
the “Conversion Shares”), in accordance with the terms of the Notes, and (ii) warrants (the “Warrants”) which will be exercisable to purchase shares of Common Stock (as exercised collectively, the
“Warrant Shares”). 
  
 B. The Notes bear
interest, which at the option of the Company, subject to certain conditions, may be paid in shares of Common Stock (the “Interest Shares”). 
  
 C. To induce the Buyers to execute and deliver the Securities Purchase Agreement, the Company has agreed to provide certain registration rights under the
Securities Act of 1933, as amended, and the rules and regulations thereunder, or any similar successor statute (collectively, the “1933 Act”), and applicable state securities laws. 
  
 NOW, THEREFORE, in consideration of the premises and the mutual
covenants contained herein and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Company and each of the Buyers hereby agree as follows: 
  
 1. Definitions. 
  
 Capitalized terms used herein and not otherwise defined herein shall have
the respective meanings set forth in the Securities Purchase Agreement. As used in this Agreement, the following terms shall have the following meanings: 
  
 a. “Business Day” means any day other than Saturday, Sunday or any other day on which commercial banks in The City of New
York are authorized or required by law to remain closed. 
  
 b. “Closing Date” shall have the meaning set forth in the Securities Purchase Agreement. 

 c. “Effective Date” means the date that the Registration Statement has
been declared effective by the SEC. 
  
 d.
“Effectiveness Deadline” means the date which is 60 days after the Closing Date if there is no review of the Registration Statement by the SEC, or if there is any review of the Registration Statement by the SEC, 90 days after the
Closing Date. 
  
 e. “Filing
Deadline” means 30 days after the Closing Date. 
  
 f. “Investor” means a Buyer or any transferee or assignee of the Notes or Warrants, as applicable, to whom a Buyer assigns its rights under this Agreement and who agrees to become bound by the
provisions of this Agreement in accordance with Section 9 and any transferee or assignee thereof to whom a transferee or assignee of the Notes or Warrants, as applicable, assigns its rights under this Agreement and who agrees to become bound by
the provisions of this Agreement in accordance with Section 9 and, in each case, is identified in the register of the Company. 
  
 g. “Person” means an individual, a limited liability company, a partnership, a joint venture, a corporation, a trust, an
unincorporated organization and a government or any department or agency thereof. 
  
 h. “register,” “registered,” and “registration” refer to a registration effected by
preparing and filing one or more Registration Statements (as defined below) in compliance with the 1933 Act and pursuant to Rule 415 and the declaration of effectiveness of such Registration Statement(s) by the SEC. 
  
 i. “Registrable Securities” means
(i) the Conversion Shares issued or issuable upon conversion of the Notes, (ii) the Warrant Shares issued or issuable upon exercise of the Warrants, (iii) the Interest Shares issued or issuable under the Notes and (iv) to the
extent not registered upon the issuance thereof, any share capital of the Company issued or issuable (once determinable) with respect to the Conversion Shares, the Interest Shares, or the Warrant Shares as a result of any share split, share
dividend, recapitalization, exchange or similar event or otherwise, without regard to any limitations on conversions of the Notes or exercises of the Warrants until, in each case, the earliest to occur of (i) the date on which such Conversion
Share, Warrant Share or Interest Share or such share capital of the Company has been effectively registered under the 1933 Act and sold or transferred pursuant to a Registration Statement, (ii) the date on which such Conversion Share, Warrant
Share or Interest Share has been distributed to the public pursuant to Rule 144 under the Act or is saleable pursuant to Rule 144(k) under the Act, or (iii) the date on which such Conversion Share, Warrant Share or Interest Share or such share
capital ceases to be outstanding. 
  
 j.
“Registration Statement” means a registration statement or registration statements of the Company filed under the 1933 Act covering the Registrable Securities. 
  
 k. “Required Holders” means the holders of at least a majority of the Registrable
Securities. 
  

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 l. “Required Registration Amount” means 120%, or such lesser amount if
required by the SEC, of the sum of (i) the maximum number of Interest Shares issued and issuable pursuant to the terms of the Notes calculated as if all such Interest Shares were to be issued as of the trading date immediately preceding the
applicable date of determination, (ii) the number of Conversion Shares issued and issuable pursuant to the Notes as of the trading day immediately preceding the applicable date of determination, and (iii) the number of Warrant Shares
issued and issuable pursuant to the Warrants as of the trading day immediately preceding the applicable date of determination, all subject to adjustment as provided in Section 2(e). 
  
 m. “Rule 415” means Rule 415 under the 1933 Act or any successor rule providing for
offering securities on a continuous or delayed basis. 
  
 n. “SEC” means the United States Securities and Exchange Commission. 
  
 2. Registration. 
  
 a. Mandatory Registration. The Company shall prepare, and, as soon as reasonably practicable, but in no event later than the Filing Deadline, file with the SEC the Registration Statement on Form S-3 covering
the resale of all of the Registrable Securities. In the event that Form S-3 is unavailable for such a registration, the Company shall use such other form as is available for such a registration on another appropriate form reasonably acceptable to
the Required Holders, subject to the provisions of Section 2(d). The Registration Statement prepared pursuant hereto shall register for resale at least the number of shares of Common Stock equal to the Required Registration Amount as of the
date the Registration Statement is initially filed with the SEC. The Registration Statement shall contain the “Selling Shareholders” and “Plan of Distribution” sections in substantially the form attached hereto as
Exhibit A unless otherwise required by the SEC. The Company shall use its reasonable best efforts to have the Registration Statement declared effective by the SEC as soon as practicable, but in no event later than the Effectiveness Deadline.

  
 b. Allocation of Registrable
Securities. The initial number of Registrable Securities included in any Registration Statement and any increase in the number of Registrable Securities included therein shall be allocated pro rata among the Investors based on the number of
Registrable Securities held by each Investor at the time the Registration Statement covering such initial number of Registrable Securities or increase thereof is declared effective by the SEC. In the event that an Investor sells or otherwise
transfers any of such Investor’s Registrable Securities, each transferee that becomes an Investor shall be allocated a pro rata portion of the then remaining number of Registrable Securities included in such Registration Statement for such
transferor. Any Shares of Common Stock included in a Registration Statement and which remain allocated to any Person which ceases to hold any Registrable Securities covered by such Registration Statement shall be allocated to the remaining
Investors, pro rata based on the number of Registrable Securities then held by such Investors which are covered by such Registration Statement. In no event shall the Company include any securities other than Registrable Securities on any
Registration Statement without the prior written consent of the Required Holders. 
  

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 c. Legal Counsel. Subject to Section 5 hereof, the Required Holders shall
have the right to select one legal counsel to review and oversee any registration pursuant to this Section 2 (“Legal Counsel”), which shall be Schulte Roth & Zabel LLP or such other counsel as thereafter designated by
the Required Holders. The Company and Legal Counsel shall reasonably cooperate with each other in regards to the performance of the Company’s obligations under this Agreement. 
  
 d. Ineligibility for Form S-3. In the event that Form S-3 is not available for the registration of
the resale of Registrable Securities hereunder, the Company shall (i) register the resale of the Registrable Securities on another appropriate form reasonably acceptable to the Required Holders and (ii) undertake to register the
Registrable Securities on Form S-3 as soon as such form is available, provided that the Company shall use its reasonable best efforts to maintain the effectiveness of the Registration Statement then in effect until such time as a Registration
Statement on Form S-3 covering the Registrable Securities has been declared effective by the SEC. 
  
 e. Sufficient Number of Shares Registered. In the event the number of shares available under a Registration Statement filed
pursuant to Section 2(a) is insufficient to cover all of the Registrable Securities required to be covered by such Registration Statement or an Investor’s allocated portion of the Registrable Securities pursuant to Section 2(b), the
Company shall amend the applicable Registration Statement, or file a new Registration Statement (on the short form available therefor, if applicable), or both, so as to cover at least the Required Registration Amount as of the trading day
immediately preceding the date of the filing of such amendment or new Registration Statement, in each case, as soon as reasonably practicable, but in any event not later than fifteen (15) Business Days after the necessity therefor arises. The
Company shall use its reasonable best efforts to cause such amendment and/or new Registration Statement to become effective as soon as reasonably practicable following the filing thereof. For purposes of the foregoing provision, the number of shares
available under a Registration Statement shall be deemed “insufficient to cover all of the Registrable Securities” if at any time the number of shares of Common Stock available for resale under the Registration Statement is less than the
product determined by multiplying (i) the Required Registration Amount as of such time by (ii) 0.90. The calculation set forth in the foregoing sentence shall be made without regard to any limitations on the conversion of the Notes or the
exercise of the Warrants and such calculation shall assume that the Notes are then convertible into shares of Common Stock at the then prevailing Conversion Rate (as defined in the Notes) and that the Warrants are then exercisable for shares of
Common Stock at the then prevailing Exercise Price (as defined in the Warrants). 
  
 f. Effect of Failure to File and Obtain and Maintain Effectiveness of Registration Statement. If (i) a Registration Statement
covering all of the Registrable Securities required to be covered thereby and required to be filed by the Company pursuant to this Agreement is (A) not filed with the SEC on or before the respective Filing Deadline (a “Filing
Failure”) or (B) not declared effective by the SEC on or before the respective Effectiveness Deadline (an “Effectiveness Failure”) or (ii) on any day after the Effective Date sales of all of the Registrable
Securities required to be included on such Registration Statement cannot be made (other than during an Allowable Grace Period (as defined in Section 3(q)) pursuant to such Registration Statement (including, without limitation, because of a
failure to keep such 

  

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Registration Statement effective, to disclose such information as is necessary for sales to be made pursuant to such Registration Statement or to register a
sufficient number of Shares of Common Stock) (a “Maintenance Failure”) then, as partial relief for the damages to any holder by reason of any such delay in or reduction of its ability to sell the underlying Shares of Common Stock
(which remedy shall be exclusive of any other monetary remedies available, excluding remedies in equity, including specific performance, and excluding the right to declare an Event of Default pursuant to the terms of the Note), the Company shall pay
to each holder of Registrable Securities relating to such Registration Statement, as liquidated damages an amount in cash equal to one and a half percent (1.5%) of the aggregate Purchase Price (as such term is defined in the Securities Purchase
Agreement) of such Investor’s Registrable Securities included in such Registration Statement on each of the following dates: (i) every thirtieth day (pro rated for periods totaling less than thirty days) after a Filing Failure until such
Filing Failure is cured; (ii) every thirtieth day (pro rated for periods totaling less than thirty days) after an Effectiveness Failure until such Effectiveness Failure is cured; and (iii) every thirtieth day (pro rated for periods
totaling less than thirty days) after a Maintenance Failure until such Maintenance Failure is cured. The payments to which a holder shall be entitled pursuant to this Section 2(f) are referred to herein as “Liquidated Damages.”
Liquidated Damages shall be paid in arrears 30 days after the day of the Filing Failure, Effectiveness Failure or the initial day of a Maintenance Failure, as applicable, and thereafter on the earlier of (I) the last day of the calendar month
during which such Liquidated Damages are incurred and (II) the third Business Day after the event or failure giving rise to the Liquidated Damages is cured. In the event the Company fails to make Liquidated Damages in a timely manner, such
Liquidated Damages shall bear interest at the rate of one percent (1.0%) per month (prorated for partial months) until paid in full. 
  
 3. Related Obligations. 
  
 At such time as the Company is obligated to file a Registration Statement with the SEC pursuant to Section 2(a), 2(d) or 2(e), the Company will use
its reasonable best efforts to effect the registration of the Registrable Securities in accordance with the intended method of disposition thereof and, pursuant thereto, the Company shall have the following obligations: 
  
 a. The Company shall use its reasonable efforts to promptly
prepare and file with the SEC a Registration Statement with respect to the Registrable Securities and use its reasonable best efforts to cause such Registration Statement relating to the Registrable Securities to become effective as soon as
reasonably practicable after such filing (but in no event later than the Effectiveness Deadline). The Company shall keep each Registration Statement effective pursuant to Rule 415 at all times until the earlier of (i) the date as of which the
Investors may sell all of the Registrable Securities covered by such Registration Statement without restriction pursuant to Rule 144(k) (or any successor thereto) promulgated under the 1933 Act or (ii) the date on which the Investors shall have
sold all of the Registrable Securities covered by such Registration Statement (the “Registration Period”). The Company shall ensure that each Registration Statement (including any amendments or supplements thereto and prospectuses
contained therein) shall not contain any untrue statement of a material fact or omit to state a material fact required to be stated therein, or necessary to make the statements therein (in the case of prospectuses, in the light of the circumstances
in which they were made) not misleading. The Company shall submit to the SEC, within seven (7) Business Days after the later of the date that (i) the Company learns that no review of a particular Registration Statement will be made by

  

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the staff of the SEC or that the staff has no further comments on a particular Registration Statement, as the case may be, and (ii) the approval of
Legal Counsel pursuant to Section 3(c) (which approval is immediately sought), a request for acceleration of effectiveness of such Registration Statement to a time and date not later than 48 hours after the submission of such request.

  
 b. The Company shall prepare and file with
the SEC such amendments (including post-effective amendments) and supplements to a Registration Statement and the prospectus used in connection with such Registration Statement, which prospectus is to be filed pursuant to Rule 424 promulgated under
the 1933 Act, as may be necessary to keep such Registration Statement effective at all times during the Registration Period, and, during such period, comply with the provisions of the 1933 Act with respect to the disposition of all Registrable
Securities of the Company covered by such Registration Statement until such time as all of such Registrable Securities shall have been disposed of in accordance with the intended methods of disposition by the seller or sellers thereof as set forth
in such Registration Statement. In the case of amendments and supplements to a Registration Statement which are required to be filed pursuant to this Agreement (including pursuant to this Section 3(b)) by reason of the Company filing a report
on Form 10-Q, Form 10-K or any analogous report under the Securities Exchange Act of 1934, as amended (the “1934 Act”), the Company shall have incorporated such report by reference into such Registration Statement, if applicable, or
shall file such amendments or supplements with the SEC on the same day on which the 1934 Act report is filed which created the requirement for the Company to amend or supplement such Registration Statement. 
  
 c. The Company shall (A) permit Legal Counsel to review
and comment upon (i) a Registration Statement at least three (3) Business Days prior to its filing with the SEC and (ii) all amendments and supplements to all Registration Statements (except for documents filed pursuant to the 1934
Act incorporated by reference, Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q, Current Reports on Form 8-K and any similar or successor reports) within a reasonable number of days prior to their filing with the SEC, and (B) not
unreasonably file any Registration Statement or amendment or supplement thereto. The Company shall not unreasonably submit a request for acceleration of the effectiveness of a Registration Statement or any amendment or supplement thereto if Legal
Counsel shall have objected thereto. The Company shall furnish to Legal Counsel upon request, without charge, copies of any correspondence from the SEC or the staff of the SEC to the Company or its representatives relating to any Registration
Statement. 
  
 d. The Company shall furnish to
each Investor whose Registrable Securities are included in any Registration Statement, without charge, any preliminary or final prospectus, as such Investor may reasonably request from time to time in order to facilitate the disposition of the
Registrable Securities owned by such Investor. 
  
 e. The Company shall use its reasonable best efforts to (i) register and qualify, unless an exemption from registration and qualification applies, the resale by Investors of the Registrable Securities covered by a Registration
Statement under such other securities or “blue sky” laws of all applicable jurisdictions in the United States, (ii) prepare and file in those jurisdictions, such amendments (including post-effective amendments) and supplements to such
registrations and qualifications as may be necessary to maintain the effectiveness thereof during 

  

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the Registration Period, (iii) take such other actions as may be reasonably necessary to maintain such registrations and qualifications in effect at all
times during the Registration Period, and (iv) take all other actions reasonably necessary or advisable to qualify the Registrable Securities for sale in such jurisdictions; provided, however, that the Company shall not be required in
connection therewith or as a condition thereto to (x) qualify to do business in any jurisdiction where it would not otherwise be required to qualify but for this Section 3(e), (y) subject itself to general taxation in any such
jurisdiction, or (z) file a general consent to service of process in any such jurisdiction. The Company shall promptly notify Legal Counsel and each Investor who holds Registrable Securities of the receipt by the Company of any notification
with respect to the suspension of the registration or qualification of any of the Registrable Securities for sale under the securities or “blue sky” laws of any jurisdiction in the United States or its receipt of actual notice of the
initiation or threatening of any proceeding for such purpose. 
  
 f. The Company shall notify Legal Counsel and each Investor in writing of the happening of any event, as promptly as practicable after becoming aware of such event, as a result of which the prospectus included in a
Registration Statement, as then in effect, includes an untrue statement of a material fact or omission to state a material fact required to be stated therein or necessary to make the statements therein, in the light of the circumstances under which
they were made, not misleading (provided that in no event shall such notice contain any material, nonpublic information), and, subject to Section 3(q), promptly prepare a supplement or amendment to such Registration Statement to correct such
untrue statement or omission. The Company shall also promptly notify Legal Counsel and each Investor named in any Registration Statement, which have provided in writing to the Company a telephone or facsimile number or electronic address or mailing
address for notices in writing (i) when a prospectus or any prospectus supplement or post-effective amendment has been filed, and when a Registration Statement or any post-effective amendment has become effective (notification of such
effectiveness shall be delivered to Legal Counsel and each Investor by facsimile or e-mail on the same day of such effectiveness or by overnight mail), (ii) of any request by the SEC for amendments or supplements to a Registration Statement or
related prospectus or related information, and (iii) of the Company’s reasonable determination that a post-effective amendment to a Registration Statement would be appropriate. 
  
 g. The Company shall use its reasonable best efforts to prevent the issuance of any stop order or other
suspension of effectiveness of a Registration Statement, or the suspension of the qualification of any of the Registrable Securities for sale in any jurisdiction and, if such an order or suspension is issued, to use reasonable best efforts promptly
to obtain the withdrawal of such order or suspension and to notify Legal Counsel and each Investor named in any Registration Statement, which have provided in writing to the Company a telephone or facsimile number or electronic address or mailing
address for notices of the issuance of such order and the resolution thereof or its receipt of actual notice of the initiation or threat of any proceeding for such purpose. 
  
 h. If any Investor is required under applicable securities law to be described in the Registration Statement
as (and not merely that they may be) an underwriter, at the reasonable request of any Investor, the Company shall furnish to such Investor, on the date of the effectiveness of the Registration Statement and thereafter from time to time on such dates
as an Investor may reasonably request (i) a letter, dated such date, from the Company’s independent 

  

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certified public accountants in form and substance as is customarily given by independent certified public accountants to underwriters in an underwritten
public offering, addressed to the Investors, and (ii) an opinion, dated as of such date, of counsel representing the Company for purposes of such Registration Statement, in form, scope and substance as is customarily given to selling
securityholders in such transactions, addressed to the Investors. 
  
 i. The Company shall make available for inspection by (i) any Investor required under applicable securities law to be described in the Registration Statement as an underwriter, (ii) Legal Counsel and
(iii) one firm of accountants or other agents retained by the Investors (collectively, the “Inspectors”), all pertinent financial and other records, and pertinent corporate documents and properties of the Company (collectively,
the “Records”), as shall be reasonably deemed necessary by each Inspector, and cause the Company’s officers, directors and employees, counsel and the Company’s independent certified public accountants to supply all
information which may be necessary and any Inspector may reasonably request; provided, however, that each Inspector shall agree in writing to hold in strict confidence and not to make any disclosure (except to an Investor) or use of any Record or
other information which the Company determines in good faith to be confidential, and of which determination the Inspectors are so notified, unless (a) the disclosure of such Records is necessary to avoid or correct a misstatement or omission in
any Registration Statement or is otherwise required under the 1933 Act, (b) the release of such Records is ordered pursuant to a final, non-appealable subpoena or order from a court or government body of competent jurisdiction, or (c) the
information in such Records has been made generally available to the public other than by disclosure in violation of this or any other agreement of which the Inspector has knowledge. Each Investor agrees that it shall, upon learning that disclosure
of such Records is sought in or by a court or governmental body of competent jurisdiction or through other means, give prompt notice to the Company and allow the Company, at its expense, to undertake appropriate action to prevent disclosure of, or
to obtain a protective order for, the Records deemed confidential. Nothing in this Section 3(i), but subject to the other applicable provisions of this Agreement, (or in any other confidentiality agreement between the Company and any Investor)
shall be deemed to limit the Investors’ ability to sell Registrable Securities in a manner which is otherwise consistent with applicable laws and regulations. 
  
 j. The Company shall hold in confidence and not make any disclosure of information concerning an Investor
provided to the Company unless (i) disclosure of such information is necessary to comply with federal or state securities laws, (ii) the disclosure of such information is necessary to avoid or correct a misstatement or omission in any
Registration Statement, (iii) the release of such information is ordered pursuant to a subpoena or other final, non-appealable order from a court or governmental body of competent jurisdiction, or (iv) such information has been made
generally available to the public other than by disclosure in violation of this Agreement or any other agreement of which the Company has knowledge. The Company agrees that it shall, upon learning that disclosure of such information concerning an
Investor is sought in or by a court or governmental body of competent jurisdiction or through other means, give prompt written notice to such Investor and allow such Investor, at the Investor’s expense, to undertake appropriate action to
prevent disclosure of, or to obtain a protective order for, such information. 
  

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 k. The Company shall use its reasonable best efforts either to (i) cause all of the
Registrable Securities covered by a Registration Statement to be listed on each securities exchange on which securities of the same class or series issued by the Company are then listed, if any, if the listing of such Registrable Securities is then
permitted under the rules of such exchange, or (ii) secure designation and quotation of all the Registrable Securities covered by a Registration Statement on the Nasdaq National Market, or (iii) if, despite the Company’s reasonable
best efforts to satisfy the preceding clause (i) or (ii) the Company is unsuccessful in satisfying the preceding clause (i) or (ii), to use its reasonable best efforts secure the inclusion for quotation on The Nasdaq SmallCap Market
for such Registrable Securities and, without limiting the generality of the foregoing, to use its reasonable best efforts to arrange for at least two market makers to register with the National Association of Securities Dealers, Inc.
(“NASD”) as such with respect to such Registrable Securities. The Company shall pay all fees and expenses in connection with satisfying its obligation under this Section 3(k). 
  
 l. The Company shall cooperate with the Investors who hold
Registrable Securities being offered and, to the extent applicable, facilitate the timely preparation and delivery of certificates (not bearing any restrictive legend) representing the Registrable Securities to be offered pursuant to a Registration
Statement and enable such certificates to be in such denominations or amounts, as the case may be, as the Investors may reasonably request and registered in such names as the Investors may request. 
  
 m. If reasonably requested by an Investor in writing, the
Company shall within ten (10) days of receipt of notice from such Investor (but (i) not more often than once in any 30-day period, but (ii) not during any 15-day period prior to the time the Company is required to file its Quarterly
Report on Form 10-Q or any 15-day period prior to the time the Company is required to file its Annual Report on Form 10-K) (A) incorporate in a prospectus supplement or post-effective amendment such information as an Investor reasonably
requests to be included therein relating to the sale and distribution of Registrable Securities, including, without limitation, information with respect to the number of Registrable Securities being offered or sold, the purchase price being paid
therefor and any other terms of the offering of the Registrable Securities to be sold in such offering; and (B) make all required filings of such prospectus supplement or post-effective amendment after being notified of the matters to be
incorporated in such prospectus supplement or post-effective amendment; and (C) supplement or make amendments to any Registration Statement relating to the sale or distribution of Registrable Securities if reasonably requested by an Investor
holding any Registrable Securities. 
  
 n. The
Company shall make generally available to its security holders as soon as practical, but not later than ninety (90) days after the close of the period covered thereby, an earnings statement (in form complying with, and in the manner provided
by, the provisions of Rule 158 under the 1933 Act) covering a twelve-month period beginning not later than the first day of the Company’s fiscal quarter next following the effective date of the Registration Statement. 
  
 o. The Company shall otherwise use its reasonable best
efforts to comply in all material respects with all applicable rules and regulations of the SEC in connection with any registration hereunder. 
  

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 p. Within two (2) Business Days after a Registration Statement which covers
Registrable Securities is ordered effective by the SEC, the Company shall deliver to the transfer agent for such Registrable Securities confirmation that such Registration Statement has been declared effective by the SEC in the form reasonably
satisfactory to the transfer agent. 
  
 q.
Notwithstanding anything to the contrary herein, the Company may delay the filing of the Registration Statement, may delay the effectiveness of the Registration Statement and may suspend sales of Registrable Securities by suspending the
effectiveness of the Registration Statement or otherwise, for any valid and important business reason, if it is determined in the good faith opinion of the Board of Directors of the Company to be in the best interests of the Company to do so (a
“Grace Period”); provided, that the Company shall promptly (i) notify the Investors in writing of the existence of the invocation of a Grace Period (provided that in each notice the Company will not disclose any material,
non-public information, if any, to the Investors) and the date on which the Grace Period will begin, and (ii) notify the Investors in writing of the date on which the Grace Period ends; and, provided further, that no Grace Period shall exceed
twenty (20) consecutive Business Days and during any three hundred sixty five (365) day period such Grace Periods shall not exceed an aggregate of sixty (60) Business Days and the first day of any Grace Period must be at least two
(2) trading days after the last day of any prior Grace Period (each, an “Allowable Grace Period”). For purposes of determining the length of a Grace Period above, the Grace Period shall begin on and include the date the
Investors receive the notice referred to in clause (i) and shall end on and include the later of the date the Investors receive the notice referred to in clause (ii) and the date referred to in such notice. The provisions of
Section 3(g) hereof shall not be applicable during the period of any Allowable Grace Period. Upon expiration of the Grace Period, the Company shall again be bound by the first sentence of Section 3(f) with respect to the information giving
rise thereto unless such material, non-public information, if any, is no longer applicable. Notwithstanding anything to the contrary, the Company shall cause its transfer agent to deliver unlegended Shares of Common Stock to a transferee of an
Investor in accordance with the terms of the Securities Purchase Agreement in connection with any sale of Registrable Securities with respect to which an Investor has entered into a contract for sale, and delivered a copy of the prospectus included
as part of the applicable Registration Statement, prior to the Investor’s receipt of the notice of a Grace Period and for which the Investor has not yet settled. 
  
 4. Obligations of the Investors. 
  
 a. At least five (5) Business Days prior to the first anticipated filing date of a Registration
Statement, the Company shall notify each Investor in writing of the information the Company requires from each such Investor if such Investor elects to have any of such Investor’s Registrable Securities included in such Registration Statement.
It shall be a condition precedent to the obligations of the Company to complete the registration pursuant to this Agreement with respect to the Registrable Securities of a particular Investor that such Investor shall furnish to the Company such
information regarding itself, the Registrable Securities held by it and the intended method of disposition of the Registrable Securities held by it, and such other information, if any as shall be reasonably required to effect and maintain the
effectiveness of the registration of such Registrable Securities and shall execute such documents in connection with such registration as the Company may reasonably request. 
  

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 b. Each Investor, by such Investor’s acceptance of the Registrable Securities,
agrees to cooperate with the Company as reasonably requested by the Company in connection with the preparation and filing of any Registration Statement hereunder, unless such Investor has notified the Company in writing of such Investor’s
election to exclude all of such Investor’s Registrable Securities from such Registration Statement. 
  
 c. Each Investor agrees that, upon receipt of any notice from the Company of the happening of any event of the kind described in
Section 3(g) or the first sentence of 3(f) or the Investor receives a notice from the Company that a Grace Period is in effect, such Investor will immediately discontinue disposition of Registrable Securities pursuant to any Registration
Statement(s) covering such Registrable Securities until such Investor’s receipt of the copies of the supplemented or amended prospectus contemplated by Section 3(g) or the first sentence of 3(f) or receipt of notice that no supplement or
amendment is required. Notwithstanding anything to the contrary, the Company shall cause its transfer agent to deliver unlegended Shares of Common Stock to a transferee of an Investor in accordance with the terms of the Securities Purchase Agreement
in connection with any sale of Registrable Securities with respect to which an Investor has entered into a contract for sale prior to the Investor’s receipt of a notice from the Company of the happening of any event of the kind described in
Section 3(g) or the first sentence of 3(f) and for which the Investor has not yet settled. 
  
 d. Each Investor covenants and agrees that it will comply with the prospectus delivery requirements of the 1933 Act as applicable to it in
connection with sales of Registrable Securities pursuant to the Registration Statement. 
  
 5. Expenses of Registration. 
  
 All reasonable expenses, other than underwriting discounts and commissions, incurred in connection with registrations, filings or qualifications pursuant to Sections 2 and 3, including, without limitation, all registration, listing and
qualifications fees, printers and accounting fees, and fees and disbursements of counsel for the Company shall be paid by the Company. The Company shall also reimburse the Investors for the fees and disbursements of Legal Counsel in connection with
registration, filing or qualification pursuant to Sections 2 and 3 of this Agreement which amount shall be limited to $10,000. 
  
 6. Indemnification. 
  
 In the event any Registrable Securities are included in a Registration Statement under this Agreement: 
  
 a. To the fullest extent permitted by law, the Company will,
and hereby does, indemnify, hold harmless and defend each Investor, the directors, officers, members, partners, employees, agents, representatives of, and each Person, if any, who controls any Investor within the meaning of Section 15 of the
1933 Act or Section 20 of the 1934 Act (each, an “Indemnified Person”), against any losses, claims, damages, liabilities, judgments, fines, penalties, charges, costs, reasonable attorneys’ fees or expenses (collectively,
“Claims”) incurred in investigating, preparing or defending any action, claim, suit, inquiry, proceeding, investigation or appeal taken from the foregoing by or before any court or governmental, administrative or 

  

 11 

 
other regulatory agency, body or the SEC, whether pending or threatened, whether or not an indemnified party is or may be a party thereto
(“Indemnified Damages”), to which any of them may become subject insofar as such Claims (or actions or proceedings, whether commenced or threatened, in respect thereof) arise out of or are based upon: (i) any untrue statement
or alleged untrue statement of a material fact in a Registration Statement or any post-effective amendment thereto or in any filing made in connection with the qualification of the offering under the securities or other “blue sky” laws of
any jurisdiction in which Registrable Securities are offered (“Blue Sky Filing”), or the omission or alleged omission to state a material fact required to be stated therein or necessary to make the statements therein not misleading,
(ii) any untrue statement or alleged untrue statement of a material fact contained in any preliminary prospectus if used prior to the effective date of such Registration Statement, or contained in the final prospectus (as amended or
supplemented, if the Company files any amendment thereof or supplement thereto with the SEC) or the omission or alleged omission to state therein any material fact necessary to make the statements made therein, in light of the circumstances under
which the statements therein were made, not misleading, (iii) any violation or alleged violation by the Company of the 1933 Act, the 1934 Act, any other law, including, without limitation, any state securities law, or any rule or regulation
thereunder relating to the offer or sale of the Registrable Securities pursuant to a Registration Statement or (iv) any material violation of this Agreement by the Company (the matters in the foregoing clauses (i) through (iv) being,
collectively, “Violations”). Subject to Section 6(c), the Company shall reimburse the Indemnified Persons, promptly as such expenses are incurred and are due and payable, for any legal fees or other reasonable expenses incurred
by them in connection with investigating or defending any such Claim. Notwithstanding anything to the contrary contained herein, the indemnification agreement contained in this Section 6(a): (i) shall not apply to a Claim by an Indemnified
Person arising out of or based upon a Violation which occurs in reliance upon and in conformity with information furnished in writing to the Company by or on behalf of such Indemnified Person for such Indemnified Person expressly for use in
connection with the preparation of the Registration Statement or any such amendment thereof or supplement thereto; (ii) with respect to any preliminary prospectus, shall not inure to the benefit of any such Person from whom the Person asserting
any such Claim purchased the Registrable Securities that are the subject thereof (or to the benefit of any Person controlling such Person) if the untrue statement or omission of material fact contained in the preliminary prospectus was corrected in
the prospectus, as then amended or supplemented, if such prospectus was timely made available by the Company pursuant to Section 3(d), and the Indemnified Person was promptly advised in writing not to use the incorrect prospectus prior to the
use giving rise to a violation and such Indemnified Person, notwithstanding such advice, used it or failed to deliver the correct prospectus as required by the 1933 Act and such correct prospectus was timely made available pursuant to
Section 3(d); (iii) shall not be available to the extent such Claim is based on a failure of the Investor to deliver or to cause to be delivered the prospectus made available by the Company, including a corrected prospectus, if such
prospectus or corrected prospectus was timely made available by the Company pursuant to Section 3(d); and (iv) shall not apply to amounts paid in settlement of any Claim if such settlement is effected without the prior written consent of
the Company, which consent shall not be unreasonably withheld or delayed. Such indemnity shall remain in full force and effect regardless of any investigation made by or on behalf of the Indemnified Person and shall survive the transfer of the
Registrable Securities by the Investors pursuant to Section 9. 
  

 12 

 b. In connection with any Registration Statement in which an Investor is participating,
to the fullest extent permitted by law, each such Investor will, and hereby does, severally and not jointly indemnify, hold harmless and defend, to the same extent and in the same manner as is set forth in Section 6(a), the Company, each of its
directors, officers, employees, agents, representatives of, and each Person, if any, who controls the Company within the meaning of the 1933 Act or the 1934 Act (each, an “Indemnified Party”), against any Claim or Indemnified
Damages to which any of them may become subject, under the 1933 Act, the 1934 Act or otherwise, insofar as such Claim or Indemnified Damages arise out of or are based upon any Violation, in each case to the extent, and only to the extent, that such
Violation occurs in reliance upon and in conformity with written information furnished to the Company by such Investor expressly for use in connection with such Registration Statement; and, subject to Section 6(c), such Investor will reimburse
any legal or other expenses reasonably incurred by an Indemnified Party in connection with investigating or defending any such Claim; provided, however, that the indemnity agreement contained in this Section 6(b) and the agreement with respect
to contribution contained in Section 7 shall not apply to amounts paid in settlement of any Claim if such settlement is effected without the prior written consent of such Investor, which consent shall not be unreasonably withheld or delayed;
provided, further, however, that the Investor shall be liable under this Section 6(b) for only that amount of a Claim or Indemnified Damages as does not exceed the net proceeds to such Investor as a result of the sale of Registrable Securities
pursuant to such Registration Statement. Such indemnity shall remain in full force and effect regardless of any investigation made by or on behalf of such Indemnified Party and shall survive the transfer of the Registrable Securities by the
Investors pursuant to Section 9. Notwithstanding anything to the contrary contained herein, the indemnification agreement contained in this Section 6(b) with respect to any preliminary prospectus shall not inure to the benefit of any
Indemnified Party if the untrue statement or omission of material fact contained in the preliminary prospectus was corrected on a timely basis in the prospectus, as then amended or supplemented. 
  
 c. Promptly after receipt by an Indemnified Person or
Indemnified Party under this Section 6 of notice of the commencement of any action or proceeding (including any governmental action or proceeding) involving a Claim, such Indemnified Person or Indemnified Party shall, if a Claim in respect
thereof is to be made against any indemnifying party under this Section 6, deliver to the indemnifying party a written notice of the commencement thereof, and the indemnifying party shall have the right to participate in, and, to the extent the
indemnifying party so desires, jointly with any other indemnifying party similarly noticed, to assume control of the defense thereof with counsel mutually satisfactory to the indemnifying party and the Indemnified Person or the Indemnified Party, as
the case may be; provided, however, that an Indemnified Person or Indemnified Party shall have the right to retain its own counsel with the fees and expenses of not more than one counsel for all such Indemnified Person or Indemnified Party to be
paid by the indemnifying party, if, in the reasonable opinion of counsel retained by the indemnifying party, the representation by such counsel of the Indemnified Person or Indemnified Party and the indemnifying party would be inappropriate due to
actual or potential differing interests between such Indemnified Person or Indemnified Party and any other party represented by such counsel in such proceeding. In the case of an Indemnified Person, legal counsel referred to in the immediately
preceding sentence shall be selected by the Investors holding at least a majority in interest of the Registrable Securities included in the Registration Statement to which the Claim relates. The Indemnified Party or Indemnified Person shall 

  

 13 

 
cooperate reasonably with the indemnifying party in connection with any negotiation or defense of any such action or Claim by the indemnifying party and
shall furnish to the indemnifying party all information reasonably available to the Indemnified Party or Indemnified Person which relates to such action or Claim. The indemnifying party shall keep the Indemnified Party or Indemnified Person fully
apprised at all times as to the status of the defense or any settlement negotiations with respect thereto. No indemnifying party shall be liable for any settlement of any action, claim or proceeding effected without its prior written consent,
provided, however, that the indemnifying party shall not unreasonably withhold, delay or condition its consent. No indemnifying party shall, without the prior written consent of the Indemnified Party or Indemnified Person, consent to entry of any
judgment or enter into any settlement or other compromise which does not include as an unconditional term thereof the giving by the claimant or plaintiff to such Indemnified Party or Indemnified Person of a release from all liability in respect to
such Claim or litigation. Following indemnification as provided for hereunder, the indemnifying party shall be subrogated to all rights of the Indemnified Party or Indemnified Person with respect to all third parties, firms or corporations relating
to the matter for which indemnification has been made. The failure to deliver written notice to the indemnifying party within a reasonable time of the commencement of any such action shall not relieve such indemnifying party of any liability to the
Indemnified Person or Indemnified Party under this Section 6, except to the extent that the indemnifying party is prejudiced in its ability to defend such action. 
  
 d. The indemnification required by this Section 6 shall be made by periodic payments of the amount
thereof during the course of the investigation or defense, as and when bills reasonably detailed and itemized are received or Indemnified Damages are incurred. 
  

e. The indemnity agreements contained herein shall be in addition to (i) any cause of action or similar right of the Indemnified
Party or Indemnified Person against the indemnifying party or others, and (ii) any liabilities the indemnifying party may be subject to pursuant to the law. 
  
 7. Contribution. 
  
 To the extent any indemnification by an indemnifying party is prohibited or limited by law, the indemnifying party agrees to make the maximum contribution
with respect to any amounts for which it would otherwise be liable under Section 6 to the fullest extent permitted by law; provided, however, that: (i) no Person involved in the sale of Registrable Securities which Person is guilty of
fraudulent misrepresentation (within the meaning of Section 11(f) of the 1933 Act) in connection with such sale shall be entitled to contribution from any Person involved in such sale of Registrable Securities who was not guilty of fraudulent
misrepresentation; and (ii) contribution by any seller of Registrable Securities shall be limited in amount to the net amount of proceeds received by such seller from the sale of such Registrable Securities pursuant to such Registration
Statement. 
  
 8. Reports Under the 1934 Act. 

 
 With a view to making available to the Investors the benefits of Rule 144
promulgated under the 1933 Act or any other similar rule or regulation of the SEC that may at 

  

 14 

 
any time permit the Investors to sell securities of the Company to the public without registration (“Rule 144”), the Company agrees to:

  
 a. make and keep public information
available, as those terms are understood and defined in Rule 144; and 
  
 b. file with the SEC in a timely manner all reports and other documents required of the Company under the 1933 Act and the 1934 Act so long as the Company remains subject to such requirements (it being understood that
nothing herein shall limit the Company’s obligations under Section 4(c) of the Securities Purchase Agreement) and the filing of such reports and other documents is required for the applicable provisions of Rule 144. 
  
 9. Assignment of Registration Rights. 
  
 The rights under this Agreement shall be automatically assignable by the
Investors to any transferee of all or any portion of such Investor’s Registrable Securities if: (i) the Investor agrees in writing with the transferee or assignee to assign such rights, and a copy of such agreement is furnished to the
Company within a reasonable time after such assignment; (ii) the Company is, within a reasonable time after such transfer or assignment, furnished with written notice of (a) the name and address of such transferee or assignee, and
(b) the securities with respect to which such registration rights are being transferred or assigned; (iii) immediately following such transfer or assignment the further disposition of such securities by the transferee or assignee is
restricted under the 1933 Act and applicable state securities laws; (iv) at or before the time the Company receives the written notice contemplated by clause (ii) of this sentence the transferee or assignee agrees in writing with the
Company to be bound by all of the provisions contained herein; and (v) such transfer shall have been made in accordance with the applicable requirements of the Securities Purchase Agreement. 
  
 10. Amendment of Registration Rights. 
  
 Provisions of this Agreement may be amended and the observance thereof may
be waived (either generally or in a particular instance and either retroactively or prospectively), only with the written consent of the Company and the Required Holders. Any amendment or waiver effected in accordance with this Section 10 shall
be binding upon each Investor and the Company. No such amendment shall be effective to the extent that it applies to less than all of the holders of the Registrable Securities. No consideration shall be offered or paid to any Person to amend or
consent to a waiver or modification of any provision of any of this Agreement unless the same consideration also is offered to all of the parties to this Agreement. 
  
 11. Miscellaneous. 
  
 a. A Person is deemed to be a holder of Registrable Securities whenever such Person owns or is deemed to own of record such Registrable
Securities. The Company shall act upon the basis of instructions, notice or election received from the record owner of such Registrable Securities. 
  
 b. Any notices, consents, waivers or other communications required or permitted to be given under the terms of this Agreement must be in
writing and will be deemed 

  

 15 

 
to have been delivered: (i) upon receipt, when delivered personally; (ii) upon receipt, when sent by facsimile (provided confirmation of
transmission is mechanically or electronically generated and kept on file by the sending party); or (iii) one Business Day after deposit with a nationally recognized overnight delivery service, in each case properly addressed to the party to
receive the same. The addresses and facsimile numbers for such communications shall be: 
  
 If to the Company: 
  
 Maxwell
Technologies, Inc. 
 9244 Balboa Avenue 
 San Diego CA 92123 
 Telephone: (858) 503-3300 
 Facsimile: (858) 503-3301 
 Attention: Chief Executive Officer 
  
 With a copy to: 
  
 Wilson, Sonsini, Goodrich & Rosati, Professional Corporation

 12235 El Camino Real, Suite 200 
 San Diego, California 92130 
 Telephone: (858) 350-2300 
 Facsimile: (858) 350-2399 
 Attention:
Jeffrey Higgins, Esq. 
  
 If to Legal Counsel: 
  
 Schulte Roth & Zabel LLP 
 919 Third Avenue 
 New York, New York 10022

 Telephone: (212) 756-2000 
 Facsimile: (212) 593-5955 
 Attention: Eleazer N. Klein, Esq. 
  
 If to a Buyer, to its address and facsimile number set forth on the Schedule of Buyers attached hereto, with copies to such Buyer’s
representatives as set forth on the Schedule of Buyers, or to such other address and/or facsimile number and/or to the attention of such other Person as the recipient party has specified by written notice given to each other party five (5) days
prior to the effectiveness of such change. Written confirmation of receipt (A) given by the recipient of such notice, consent, waiver or other communication, (B) mechanically or electronically generated by the sender’s facsimile
machine containing the time, date, recipient facsimile number and an image of the first page of such transmission or (C) provided by a courier or overnight courier service shall be rebuttable evidence of personal service, receipt by facsimile
or receipt from a nationally recognized overnight delivery service in accordance with clause (i), (ii) or (iii) above, respectively. 
  

 16 

 c. Failure of any party to exercise any right or remedy under this Agreement or
otherwise, or delay by a party in exercising such right or remedy, shall not operate as a waiver thereof. 
  
 d. All questions concerning the construction, validity, enforcement and interpretation of this Agreement shall be governed by the internal
laws of the State of New York, without giving effect to any choice of law or conflict of law provision or rule (whether of the State of New York or any other jurisdictions) that would cause the application of the laws of any jurisdictions other than
the State of New York. Each party hereby irrevocably submits to the exclusive jurisdiction of the state and federal courts sitting in The City of New York, Borough of Manhattan, for the adjudication of any dispute hereunder or in connection herewith
or with any transaction contemplated hereby or discussed herein, and hereby irrevocably waives, and agrees not to assert in any suit, action or proceeding, any claim that it is not personally subject to the jurisdiction of any such court, that such
suit, action or proceeding is brought in an inconvenient forum or that the venue of such suit, action or proceeding is improper. Each party hereby irrevocably waives personal service of process and consents to process being served in any such suit,
action or proceeding by mailing a copy thereof to such party at the address for such notices to it under this Agreement and agrees that such service shall constitute good and sufficient service of process and notice thereof. Nothing contained herein
shall be deemed to limit in any way any right to serve process in any manner permitted by law. If any provision of this Agreement shall be invalid or unenforceable in any jurisdiction, such invalidity or unenforceability shall not affect the
validity or enforceability of the remainder of this Agreement in that jurisdiction or the validity or enforceability of any provision of this Agreement in any other jurisdiction. EACH PARTY HEREBY IRREVOCABLY WAIVES ANY RIGHT IT MAY HAVE, AND
AGREES NOT TO REQUEST, A JURY TRIAL FOR THE ADJUDICATION OF ANY DISPUTE HEREUNDER OR IN CONNECTION HEREWITH OR ARISING OUT OF THIS AGREEMENT OR ANY TRANSACTION CONTEMPLATED HEREBY. 
  
 e. This Agreement, the other Transaction Documents (as defined in the Securities Purchase Agreement) and the
instruments referenced herein and therein constitute the entire agreement among the parties hereto with respect to the subject matter hereof and thereof. There are no restrictions, promises, warranties or undertakings, other than those set forth or
referred to herein and therein. This Agreement, the other Transaction Documents and the instruments referenced herein and therein supersede all prior agreements and understandings among the parties hereto with respect to the subject matter hereof
and thereof. 
  
 f. Subject to the requirements
of Section 9, this Agreement shall inure to the benefit of and be binding upon the permitted successors and assigns of each of the parties hereto. 
  
 g. The headings in this Agreement are for convenience of reference only and shall not limit or otherwise affect the meaning hereof.

  
 h. This Agreement may be executed in
identical counterparts, each of which shall be deemed an original but all of which shall constitute one and the same agreement. This Agreement, once executed by a party, may be delivered to the other party hereto by 

  

 17 

 
facsimile transmission of a copy of this Agreement bearing the signature of the party so delivering this Agreement. 
  
 i. Each party shall do and perform, or cause to be done and
performed, all such further acts and things, and shall execute and deliver all such other agreements, certificates, instruments and documents as any other party may reasonably request in order to carry out the intent and accomplish the purposes of
this Agreement and the consummation of the transactions contemplated hereby. 
  
 j. All consents and other determinations required to be made by the Investors pursuant to this Agreement shall be made, unless otherwise specified in this Agreement, by the Required Holders. 
  
 k. The language used in this Agreement will be deemed to be
the language chosen by the parties to express their mutual intent. 
  
 l. This Agreement is intended for the benefit of the parties hereto and their respective permitted successors and assigns, and is not for the benefit of, nor may any provision hereof be enforced by, any other Person.

  
 m. The obligations of each Investor hereunder
are several and not joint with the obligations of any other Investor, and no provision of this Agreement is intended to confer any obligations on any Investor vis-à-vis any other Investor. Nothing contained herein, and no action taken by any
Investor pursuant hereto, shall be deemed to constitute the Investors as a partnership, an association, a joint venture or any other kind of entity, or create a presumption that the Investors are in any way acting in concert or as a group with
respect to such obligations or the transactions contemplated herein. 
  
 * * * * * * 
  

 18 

 IN WITNESS WHEREOF, each Buyer and the Company have caused their respective signature page to this
Registration Rights Agreement to be duly executed as of the date first written above. 
  

			
	COMPANY:
	
	MAXWELL TECHNOLOGIES, INC.
		
	By:	 	 /s/ Richard Balanson

	 	 	 Richard Balanson

	 	 	 Chief Executive Officer

  

 1 

 IN WITNESS WHEREOF, each Buyer and the Company have caused their respective signature page to this
Registration Rights Agreement to be duly executed as of the date first written above. 
  

			
	BUYERS:
	
	CASTLERIGG MASTER INVESTMENTS LTD.
		
	By:	 	 /s/ James A. Cacioppo

	 	 	 James A. Cacioppo

	 	 	 President

  

 2 

 SCHEDULE OF BUYERS 
  

					
	 Buyer

	  	 Buyer Address
and Facsimile Number

	  	 Buyer’s Representative’s Address 
and Facsimile Number

	 Castlerigg Master Investments Ltd
	  	 c/o Sandell Asset Management Corp.
 40 West
57th Street
 26th Floor
 New
York, New York 10019
 Attention: Cem Hacioglu/Matthew Pliskin
 Facsimile: (212) 603-5710
 Telephone: (212) 603-5775
	  	 Schulte Roth & Zabel LLP
 919 Third
Avenue
 New York, NY 10022
 Attn: Eleazer Klein, Esq.

Facsimile: (212) 593-5955
 Telephone: (212) 756-2000

  

 3 

 EXHIBIT A 
  

SELLING SHAREHOLDERS 
  
 The shares of Common Stock being offered by the selling shareholders are issuable upon conversion of the convertible notes and upon exercise of the
warrants. For additional information regarding the issuance of those convertible notes and warrants, see “Private Placement of Shares of Convertible Notes” above. We are registering the shares of Common Stock in order to permit the selling
shareholders to offer the shares for resale from time to time. Except for the ownership of the Convertible Notes and Warrants issued pursuant to the Securities Purchase Agreement to our knowledge, the selling shareholders have not had any material
relationship with us within the past three years. 
  
 The table
below lists the selling shareholders and other information regarding the beneficial ownership of the shares of Common Stock by each of the selling shareholders. The second column lists the number of shares of Common Stock beneficially owned by each
selling shareholder, based on its ownership of the convertible notes and warrants, as of ________, 200_, assuming conversion of all convertible notes and exercise of the warrants held by the selling shareholders on that date, without regard to any
limitations on conversions or exercise. 
  
 The third column lists
the shares of Common Stock being offered by this prospectus by the selling shareholders. 
  
 In accordance with the terms of registration rights agreements with the selling shareholders, this prospectus generally covers the resale of at least 120%, or such lesser amount of required by the SEC, of the sum of
(i) the number of shares of Common Stock issuable upon conversion of the convertible notes (and the interest accrued and payable thereunder) as of the trading day immediately preceding the date the registration statement is initially filed with
the SEC and (ii) the number of shares of Common Stock issuable upon exercise of the related warrants as of the trading day immediately preceding the date the registration statement is initially filed with the SEC. Because the conversion
price of the convertible notes and the exercise price of the warrants may be adjusted, the number of shares that will actually be issued may be more or less than the number of shares being offered by this prospectus. The fourth column assumes the
sale of all of the shares offered by the selling shareholders pursuant to this prospectus. 
  
 Under the terms of the convertible notes and the warrants, a selling shareholder may not convert the convertible notes or exercise the warrants to the extent such conversion or exercise would cause such selling
shareholder, together with its affiliates, to beneficially own a number of shares of Common Stock which would exceed 4.99% of our then outstanding shares of Common Stock following such conversion or exercise, excluding for purposes of such
determination shares of Common Stock issuable upon conversion of the convertible notes which have not been converted and upon exercise of the warrants which have not been exercised. The number of shares in the second column does not reflect this
limitation. The selling shareholders may sell all, some or none of their shares in this offering. See “Plan of Distribution.” 
  

 1 

							
	 Name of Selling Stockholder

	  	 Number of Ordinary Shares
Owned Prior to Offering

	  	 Maximum Number of
 Ordinary Shares to be Sold
Pursuant to this Prospectus

	  	 Number of Ordinary
Shares Owned After
Offering

	 Castlerigg Master Investments (1)
	  	 	  	 	  	0
	 	  	 	  	 	  	 

  

	(1)	Sandell Asset Management Corp. is the investment manager of Castlerigg Master Investment Ltd. (“Castlerigg”) and has shared voting and dispositive power over the
securities owned by Castlerigg. Sandell Asset Management Corp. and Thomas E. Sandell, its sole shareholder, disclaim beneficial ownership of the securities owned by Castlerigg. 

  

 1 

 PLAN OF DISTRIBUTION 
  
 We are registering the shares of Common Stock issuable upon conversion of the convertible notes and upon exercise of the
warrants to permit the resale of these shares of Common Stock by the holders of the convertible notes and warrants from time to time after the date of this prospectus. We will not receive any of the proceeds from the sale by the selling shareholders
of the shares of Common Stock. We will bear all fees and expenses incident to our obligation to register the shares of Common Stock. 
  
 The selling shareholders may sell all or a portion of the shares of Common Stock beneficially owned by them and offered hereby from time to time directly
or through one or more underwriters, broker-dealers or agents. If the shares of Common Stock are sold through underwriters or broker-dealers, the selling shareholders will be responsible for underwriting discounts or commissions or agent’s
commissions. The shares of Common Stock may be sold in one or more transactions at fixed prices, at prevailing market prices at the time of the sale, at varying prices determined at the time of sale, or at negotiated prices. These sales may be
effected in transactions, which may involve crosses or block transactions, 
  

	 	•	 	on any national securities exchange or quotation service on which the securities may be listed or quoted at the time of sale; 

  

	 	•	 	in the over-the-counter market; 

  

	 	•	 	in transactions otherwise than on these exchanges or systems or in the over-the-counter market; 

  

	 	•	 	through the writing of options, whether such options are listed on an options exchange or otherwise; 

  

	 	•	 	ordinary brokerage transactions and transactions in which the broker-dealer solicits purchasers; 

  

	 	•	 	block trades in which the broker-dealer will attempt to sell the shares as agent but may position and resell a portion of the block as principal to facilitate the transaction;

  

	 	•	 	purchases by a broker-dealer as principal and resale by the broker-dealer for its account; 

  

	 	•	 	an exchange distribution in accordance with the rules of the applicable exchange; 

  

	 	•	 	privately negotiated transactions; 

  

	 	•	 	short sales; 

  

	 	•	 	sales pursuant to Rule 144; 

	 	•	 	broker-dealers may agree with the selling securityholders to sell a specified number of such shares at a stipulated price per share; 

  

	 	•	 	a combination of any such methods of sale; and 

  

	 	•	 	any other method permitted pursuant to applicable law. 

  
 If the selling shareholders effect such transactions by selling shares of Common Stock to or through underwriters, broker-dealers or agents, such
underwriters, broker-dealers or agents may receive commissions in the form of discounts, concessions or commissions from the selling shareholders or commissions from purchasers of the shares of Common Stock for whom they may act as agent or to whom
they may sell as principal (which discounts, concessions or commissions as to particular underwriters, broker-dealers or agents may be in excess of those customary in the types of transactions involved). In connection with sales of the shares of
Common Stock or otherwise, the selling shareholders may enter into hedging transactions with broker-dealers, which may in turn engage in short sales of the shares of Common Stock in the course of hedging in positions they assume. The selling
shareholders may also sell shares of Common Stock short and deliver shares of Common Stock covered by this prospectus to close out short positions and to return borrowed shares in connection with such short sales. The selling shareholders may also
loan or pledge shares of Common Stock to broker-dealers that in turn may sell such shares. 
  
 The selling shareholders may pledge or grant a security interest in some or all of the convertible notes or warrants or shares of Common Stock owned by them and, if they default in the performance of their secured
obligations, the pledgees or secured parties may offer and sell the shares of Common Stock from time to time pursuant to this prospectus or any amendment to this prospectus under Rule 424(b)(3) or other applicable provision of the Securities Act of
1933, as amended, amending, if necessary, the list of selling shareholders to include the pledgee, transferee or other successors in interest as selling shareholders under this prospectus. The selling shareholders also may transfer and donate the
shares of Common Stock in other circumstances in which case the transferees, donees, pledgees or other successors in interest will be the selling beneficial owners for purposes of this prospectus. 
  
 The selling shareholders and any broker-dealer participating in the
distribution of the shares of Common Stock may be deemed to be “underwriters” within the meaning of the Securities Act, and any commission paid, or any discounts or concessions allowed to, any such broker-dealer may be deemed to be
underwriting commissions or discounts under the Securities Act. At the time a particular offering of the shares of Common Stock is made, a prospectus supplement, if required, will be distributed which will set forth the aggregate amount of shares of
Common Stock being offered and the terms of the offering, including the name or names of any broker-dealers or agents, any discounts, commissions and other terms constituting compensation from the selling shareholders and any discounts, commissions
or concessions allowed or reallowed or paid to broker-dealers. 
  
 Under the securities laws of some states, the shares of Common Stock may be sold in such states only through registered or licensed brokers or dealers. In addition, in some states the shares of Common Stock may not be sold unless such
shares have been registered or qualified 

  

 2 

 
for sale in such state or an exemption from registration or qualification is available and is complied with. 
  
 There can be no assurance that any selling shareholder will sell any or all
of the shares of Common Stock registered pursuant to the shelf registration statement, of which this prospectus forms a part. 
  
 The selling shareholders and any other person participating in such distribution will be subject to applicable provisions of the Securities Exchange Act
of 1934, as amended, and the rules and regulations thereunder, including, without limitation, Regulation M of the Exchange Act, which may limit the timing of purchases and sales of any of the shares of Common Stock by the selling shareholders and
any other participating person. Regulation M may also restrict the ability of any person engaged in the distribution of the shares of Common Stock to engage in market-making activities with respect to the shares of Common Stock. All of the foregoing
may affect the marketability of the shares of Common Stock and the ability of any person or entity to engage in market-making activities with respect to the shares of Common Stock. 
  
 We will pay all expenses of the registration of the shares of Common Stock pursuant to the registration rights agreement,
estimated to be $[        ] in total, including, without limitation, Securities and Exchange Commission filing fees and expenses of compliance with state securities or “blue sky” laws; provided,
however, that a selling shareholder will pay all underwriting discounts and selling commissions, if any. We will indemnify the selling shareholders against liabilities, including some liabilities under the Securities Act, in accordance with the
registration rights agreements, or the selling shareholders will be entitled to contribution. We may be indemnified by the selling shareholders against civil liabilities, including liabilities under the Securities Act, that may arise from any
written information furnished to us by the selling shareholder specifically for use in this prospectus, in accordance with the related registration rights agreements, or we may be entitled to contribution. 
  
 Once sold under the shelf registration statement, of which this prospectus
forms a part, the shares of Common Stock will be freely tradable in the hands of persons other than our affiliates. 
  

 3Fourth Amended & Restated Credit Agreement dated as of December 16, 2005

 EXHIBIT 10.1 
  

 FOURTH AMENDED AND RESTATED CREDIT AGREEMENT 
  
 among 
  
 RADIATION THERAPY SERVICES, INC., 
 as the Borrower 
  
 BANK
OF AMERICA, N.A., 
 as Administrative Agent, Swing Line Lender and Issuing Lender 
  
 WACHOVIA BANK, NATIONAL ASSOCIATION, 
 as Syndication Agent 
  
 THE OTHER LENDERS PARTY HERETO, 
  
 BANC OF AMERICA SECURITIES LLC 
 and

 WACHOVIA SECURITIES, INC. 
 as Joint Lead Arrangers and Joint Book Managers 
  
 Dated as of December 16, 2005 
  

			
	ARTICLE I	  	 
	ASSIGNMENT AND ALLOCATIONS; DEFINITIONS	  	 
		
	 1.1       Amendment and Restatement, Allocations
	  	2
		
	 1.2       Defined Terms
	  	3
		
	 1.3       Accounting Terms
	  	28
		
	 1.4       Other Terms; Construction
	  	29
		
	 1.5       Accounting for Derivatives
	  	29
		
	 1.6       Letter of Credit Amounts
	  	29
		
	 1.7       Covenant Adjustments
	  	29
		
	ARTICLE II	  	 
	AMOUNT AND TERMS OF THE TERM LOAN B	  	 
		
	 2.1       Intentionally deleted
	  	30
		
	 2.2       Term Loan B
	  	30
		
	 2.3       Prepayments
	  	31
		
	 2.4       Notes
	  	34
		
	ARTICLE III	  	 
	AMOUNT AND TERMS OF THE REVOLVING LOANS	  	 
		
	 3.1       Revolving Credit Commitments
	  	36
		
	 3.2       Borrowings
	  	36
		
	 3.3       Disbursements; Funding Reliance; Domicile of Loans
	  	37
		
	 3.4       Notes
	  	38
		
	 3.5       Termination and Reduction of Revolving Credit Commitments
	  	38
		
	 3.6       Mandatory Payments and Prepayments
	  	38
		
	 3.7       Voluntary Prepayments
	  	40
		
	 3.8       Swing Line
	  	41
		
	ARTICLE IV	  	 
	LETTERS OF CREDIT	  	 
		
	 4.1       Issuance
	  	42
		
	 4.2       Notices
	  	43

  

 i 

			
	 4.3       Participations
	  	43
		
	 4.4       Reimbursement
	  	44
		
	 4.5       Payment by Revolving Loans
	  	44
		
	 4.6       Payment to Lenders
	  	45
		
	 4.7       Obligations Absolute
	  	45
		
	 4.8       Cash Collateral Account
	  	46
		
	 4.9       Effectiveness
	  	47
		
	ARTICLE V	  	 
	INTEREST, FEES, USE OF PROCEEDS	  	 
		
	 5.1       Interest
	  	48
		
	 5.2       Fees
	  	49
		
	 5.3       Interest Periods
	  	50
		
	 5.4       Conversions and Continuations
	  	51
		
	 5.5       Method of Payments; Computations
	  	52
		
	 5.6       Recovery of Payments
	  	53
		
	 5.7       Use of Proceeds
	  	53
		
	 5.8       Pro Rata Treatment
	  	53
		
	 5.9       Increased Costs; Change in Circumstances; Illegality; etc.
	  	54
		
	 5.10     Taxes
	  	56
		
	 5.11     Compensation
	  	58
		
	 5.12     Deficiency Advances; Failure to Purchase Participations
	  	58
		
	 5.13     Intraday Funding
	  	59
		
	ARTICLE VI	  	 
	SECURITY	  	 
		
	 6.1       Security
	  	60
		
	 6.2       Further Assurances
	  	61
		
	 6.3       Information Regarding Collateral
	  	61

  

 ii 

			
	ARTICLE VII	  	 
	CONDITIONS OF BORROWING	  	 
		
	 7.1       Conditions to Effectiveness
	  	62
		
	 7.2       Conditions of All Borrowings
	  	65
		
	ARTICLE VIII	  	 
	REPRESENTATIONS AND WARRANTIES	  	 
		
	 8.1       Corporate Organization and Power
	  	66
		
	 8.2       Authorization; Enforceability
	  	66
		
	 8.3       No Violation
	  	66
		
	 8.4       Governmental and Third-Party Authorization; Permits
	  	67
		
	 8.5       Litigation
	  	68
		
	 8.6       Taxes
	  	68
		
	 8.7       Subsidiaries
	  	68
		
	 8.8       Full Disclosure
	  	69
		
	 8.9       Margin Stock
	  	69
		
	 8.10     No Material Adverse Change
	  	69
		
	 8.11     Financial Matters; No Internal Control Event
	  	69
		
	 8.12     Ownership of Properties
	  	70
		
	 8.13     Employee Benefit Plans
	  	71
		
	 8.14     Environmental Matters
	  	72
		
	 8.15     Compliance With Laws
	  	73
		
	 8.16     Regulated Industries
	  	73
		
	 8.17     Insurance
	  	73
		
	 8.18     Material Contracts
	  	73
		
	 8.19     Security Documents
	  	73
		
	 8.20     Labor Relations
	  	74
		
	 8.21     Intentionally deleted
	  	74

  

 iii 

			
	 8.22     Service Agreements
	  	74
		
	 8.23     Reimbursement
	  	74
		
	 8.24     Fraud and Abuse
	  	75
		
	 8.25     Maintenance of Mortgaged Property
	  	75
		
	 8.26     Assets of Borrower
	  	75
		
	ARTICLE IX	  	 
	AFFIRMATIVE COVENANTS	  	 
		
	 9.1       Financial Statements
	  	76
		
	 9.2       Other Business and Financial Information
	  	77
		
	 9.3       Corporate Existence; Franchises; Maintenance of Properties
	  	80
		
	 9.4       Compliance with Laws and Material Contracts
	  	80
		
	 9.5       Payment of Obligations
	  	80
		
	 9.6       Insurance
	  	81
		
	 9.7       Maintenance of Books and Records; Inspection
	  	81
		
	 9.8       Managed Practices
	  	81
		
	 9.9       Permitted Acquisitions
	  	81
		
	 9.10     Creation or Acquisition of Subsidiaries
	  	84
		
	 9.11     Additional Security
	  	84
		
	 9.12     Designated Excluded Subsidiaries
	  	85
		
	 9.13     Employee Benefit Plans
	  	85
		
	 9.14     Further Assurances
	  	86
		
	 9.15     Conditions Subsequent
	  	86
		
	ARTICLE X	  	 
	FINANCIAL COVENANTS	  	 
		
	 10.1     Leverage Ratio
	  	86
		
	 10.2     Fixed Charge Coverage Ratio
	  	87
		
	 10.3     Interest Coverage Ratio
	  	87

  

 iv 

			
	ARTICLE XI	  	 
	NEGATIVE COVENANTS	  	 
		
	 11.1       Merger; Consolidation
	  	87
		
	 11.2       Indebtedness
	  	87
		
	 11.3       Liens
	  	89
		
	 11.4       Disposition of Assets
	  	90
		
	 11.5       Investments
	  	91
		
	 11.6       Restricted Payments
	  	92
		
	 11.7       Transactions with Affiliates
	  	93
		
	 11.8       Change in Business
	  	93
		
	 11.9       Revenue
	  	93
		
	 11.10     Capital Expenditures
	  	93
		
	 11.11     Certain Amendments
	  	94
		
	 11.12     Limitation on Certain Restrictions
	  	94
		
	 11.13     No Other Negative Pledges
	  	94
		
	 11.14     Fiscal Year
	  	95
		
	 11.15     Accounting Changes
	  	95
		
	 11.16     Restriction on Contingent Obligations
	  	95
		
	 11.17     Hazardous Substances
	  	95
		
	 11.18     Pledge of Partnerships and Joint Ventures that are not Subsidiaries
	  	96
		
	 11.19     Foreign Subsidiaries
	  	96
		
	 11.20     Compliance with ERISA, the Code and Foreign Benefit Laws
	  	96
		
	 11.21     Subordinated Indebtedness
	  	97
		
	 11.22     Status of Borrower
	  	97
		
	ARTICLE XII	  	 
	EVENTS OF DEFAULT	  	 
		
	 12.1     Events of Default
	  	97

  

 v 

			
	 12.2       Remedies: Termination of Term Loan B Commitments and Revolving Credit Commitments, Acceleration,
etc.
	  	100
		
	 12.3       Remedies: Set-Off
	  	101
		
	 12.4       Application of Funds
	  	101
		
	ARTICLE XIII	  	 
	THE ADMINISTRATIVE AGENT	  	 
		
	 13.1       Appointment and Authorization of Administrative Agent
	  	102
		
	 13.2       Delegation of Duties
	  	102
		
	 13.3       Liability of Administrative Agent
	  	103
		
	 13.4       Reliance by Administrative Agent
	  	103
		
	 13.5       Notice of Default
	  	104
		
	 13.6       Credit Decision; Disclosure of Information by Administrative Agent
	  	104
		
	 13.7       Indemnification of Administrative Agent
	  	104
		
	 13.8       Administrative Agent in Its Individual Capacity
	  	105
		
	 13.9       Successor Administrative Agent
	  	105
		
	 13.10     Administrative Agent May File Proofs of Claim
	  	106
		
	 13.11     Collateral and Guaranty Matters
	  	107
		
	 13.12     Other Agents; Lead Managers
	  	107
		
	ARTICLE XIV	  	 
	MISCELLANEOUS	  	 
		
	 14.1     Fees and Expenses
	  	107
		
	 14.2     Indemnification; Limitation of Liability
	  	108
		
	 14.3     GOVERNING LAW; WAIVER OF JURY TRIAL
	  	109
		
	 14.4     Intentionally deleted
	  	110
		
	 14.5     Notices
	  	110
		
	 14.6     Amendments, Waivers, etc.
	  	111
		
	 14.7     Successors and Assigns
	  	113
		
	 14.8     No Waiver
	  	115

  

 vi 

			
	 14.9       Survival
	  	116
		
	 14.10     Severability
	  	116
		
	 14.11     Construction
	  	116
		
	 14.12     Confidentiality
	  	116
		
	 14.13     Counterparts
	  	117
		
	 14.14     Disclosure of Information
	  	117
		
	 14.15     Entire Agreement
	  	117
		
	 14.16     USA PATRIOT Act Notice
	  	117

  

 vii 

 EXHIBITS 
  

			
	Exhibit A-1	  	Form of Revolving Note
		
	Exhibit A-2	  	Form of Swing Line Note
		
	Exhibit A-3	  	Form of Term Loan B Note
		
	Exhibit B-1(a)	  	Form of Notice of Borrowing
		
	Exhibit B-1(b)	  	Form of Borrowing Notice - Swing Line Loans
		
	Exhibit B-2	  	Form of Notice of Conversion/Continuation
		
	Exhibit B-3	  	Form of Letter of Credit Notice
		
	Exhibit C	  	Form of Compliance Certificate
		
	Exhibit D	  	Form of Assignment and Assumption
		
	Exhibit E	  	Form of Intercompany Note
		
	Exhibit F	  	Form of Reaffirmation and Amendment of Subsidiary Guaranty and Security Agreement
		
	Exhibit G	  	Form of Opinion of Borrower’s Counsel
		
	Exhibit H	  	Form of Designation of Excluded Subsidiary Certificate
	
	SCHEDULES
		
	Schedule 1.1	  	Term Loan B Commitments, Revolving Credit Commitments and the Applicable Commitment Percentages
		
	Schedule 6.3	  	Information Regarding Collateral
		
	Schedule 7.1	  	Mortgages
		
	Schedule 8.4	  	Consents and Approvals
		
	Schedule 8.5	  	Litigation
		
	Schedule 8.6	  	Taxes
		
	Schedule 8.7	  	Subsidiaries
		
	Schedule 8.11	  	Financial Matters
		
	Schedule 8.12	  	Ownership of Properties
		
	Schedule 8.14(a)	  	Environmental Matters
		
	Schedule 8.14(b)	  	Further Environmental Matters
		
	Schedule 8.17	  	Insurance
		
	Schedule 8.18	  	Material Contracts
		
	Schedule 8.19(b)	  	Real Property Filing Jurisdictions
		
	Schedule 9.15	  	Conditions Subsequent
		
	Schedule 11.2	  	Indebtedness
		
	Schedule 11.3	  	Liens
		
	Schedule 11.5	  	Investments
		
	Schedule 11.7	  	Transactions with Affiliates
		
	Schedule 11.16	  	Contingent Obligations
		
	Schedule 14.7	  	Processing and Recordation Fees

  

 viii 

 FOURTH AMENDED AND RESTATED 
 CREDIT AGREEMENT 
  
 THIS FOURTH AMENDED AND RESTATED CREDIT AGREEMENT, dated as of the 16th day of December, 2005 (this “Agreement”), is made among RADIATION THERAPY SERVICES, INC., a Florida corporation with its principal offices in
Fort Myers, Florida (the “Borrower”), the banks and financial institutions listed on the signature pages hereto or that become parties hereto after the date hereof (collectively, the “Lenders”), BANK OF AMERICA, N.A.
(“Bank of America”), as Administrative Agent, Swing Line Lender and Issuing Lender, and WACHOVIA BANK, NATIONAL ASSOCIATION (“Wachovia”), as syndication agent for the Lenders (in such capacity, the “Syndication
Agent”). 
  
 RECITALS 
  
 A. The Borrower, the Lenders party thereto and Wachovia, as successor in interest to First
Union National Bank, as administrative agent, were parties to that certain Credit Agreement, dated as of October 28, 1998, as amended and restated by that certain First Amended and Restated Credit Agreement, dated as of October 27, 1999
(collectively, the “Original Credit Agreement”). 
  
 B. The Borrower,
the Lenders party thereto, and Bank of America, were parties to that certain Second Amended and Restated Credit Agreement dated as of April 15, 2002, which, among other things, amended and restated the Original Credit Agreement and provided for
the reallocation of certain commitments, the conversion of certain outstandings to a term loan and a corresponding decrease in the revolving credit commitments (as amended to but not including the date hereof, the “Second Amended Credit
Agreement”). 
  
 C. In connection with entering into the Second Amended
Credit Agreement, Bank of America was appointed successor administrative agent to Wachovia pursuant to a certain agency resignation and appointment letter and related agency succession documents. 
  
 D. The Borrower, the Lenders party thereto, and Bank of America, were parties to that certain
Third Amended and Restated Credit Agreement dated as of March 31, 2004, which, among other things, amended and restated the Second Amended Credit Agreement pursuant to which the Lenders continued to make available to the Borrower a revolving
credit facility and the term loan A facility, and provided for the addition of a term loan B facility (as amended by Amendment Agreement No. 1 to Third Amended and Restated Credit Agreement, dated as of October 8, 2004, which, among other
things, provided for the prepayment of the term loan B facility, a readvance of the term loan A facility, and an increase in the revolving credit commitments (collectively, as further amended to but not including the date hereof, the “Third
Amended Credit Agreement”). 
  
 E. The Borrower has requested that the Third
Amended Credit Agreement be further amended and restated in order to, among other things, provide for an increase and readvancement of the term loan B facility, and to make certain other amendments to the Third Amended Credit Agreement (the
“Restatement”). 
  
 F. The Borrower, the Lenders, the Administrative
Agent, the Swing Line Lender and the Issuing Lender have agreed to and desire to amend and restate the Third Amended Credit Agreement on the terms and conditions set forth in this Agreement to accomplish such amendments. 

 AGREEMENT 
  

NOW, THEREFORE, in consideration of the mutual provisions, covenants and agreements herein contained, the parties hereto hereby agree as follows: 
  
 ARTICLE I 
  
 ASSIGNMENT AND ALLOCATIONS; DEFINITIONS 
  
 1.1 Amendment and Restatement, Allocations. In order to facilitate the Restatement and otherwise to effectuate the
desires of the Borrower, the Administrative Agent and the Lenders: 
  
 (a) The Borrower, each Subsidiary Guarantor, the Administrative Agent and the Lenders hereby agree that upon the effectiveness of this Agreement, the terms and provisions of the Third Amended Credit Agreement which in any manner govern or
evidence the Obligations, the rights and interests of the Administrative Agent and the Lenders and any terms, conditions or matters related to any thereof, shall be and hereby are amended and restated in their entirety by the terms, conditions and
provisions of this Agreement, and the terms and provisions of the Third Amended Credit Agreement, except as otherwise expressly provided herein, shall be superseded by this Agreement. 
  
 (b) Notwithstanding this amendment and restatement of the Third Amended Credit Agreement, including anything in this
Section 1.1, and of any related “Credit Documents” (as such term is defined in the Third Amended Credit Agreement and referred to herein, individually or collectively, as the “Prior Credit Documents”), (i) all of
the indebtedness, liabilities and obligations owing by any Person under the Third Amended Credit Agreement and other Prior Credit Documents shall continue as Obligations hereunder, and (ii) each of this Agreement and the Notes and any other
Credit Document (as defined herein) that is amended and restated in connection with this Agreement is given as a substitution of and modification of, and not as a payment of, the indebtedness, liabilities and obligations of the Borrower and the
Subsidiary Guarantors under the Third Amended Credit Agreement or any Prior Credit Document and neither the execution and delivery of such documents nor the consummation of any other transaction contemplated hereunder is intended to constitute a
novation of the Third Amended Credit Agreement or of any of the other Prior Credit Documents or any obligations thereunder. Upon the effectiveness of this Agreement, all Loans owing by the Borrower, and outstanding under the Third Amended Credit
Agreement shall continue as Loans hereunder and shall constitute advances hereunder, and all Letters of Credit outstanding under the Third Amended Credit Agreement and any of the Prior Credit Documents shall continue as Letters of Credit hereunder.
Base Rate Loans under the Third Amended Credit Agreement shall accrue interest at the Base Rate hereunder and the parties hereto agree that the Interest Periods for all LIBOR Loans outstanding under the Third Amended Credit Agreement on the
Effective Date shall remain in effect without renewal, interruption or extension as LIBOR Loans under this Agreement and accrue interest at the LIBOR Rate hereunder; provided that on and after the Effective Date the Applicable Margin
Percentage applicable to any Loan or Letter of Credit hereunder shall be as set forth in the definition of Applicable Margin Percentage below, without regard to any margin applicable thereto under the Third Amended Credit Agreement prior to the
Effective Date. 
  

 2 

 (c) The parties hereto agree that as of the Effective Date, the Term Loan B Lenders shall become parties
hereto, shall increase and readvance the Term Loan B to the Borrower on the terms and conditions set forth herein, shall have such applicable Commitment Percentages with respect to the Term Loan B as shall be set forth on the Register of the
Administrative Agent as provided in Section 14.7(c), and the Term Loan B Facility shall be secured by the Collateral on a pari passu basis with the Revolving Credit Facility, and the Term Loan A Facility shall be prepaid in full.

  
 The parties hereto acknowledge that, notwithstanding clause (c) above,
and notwithstanding the provisions regarding assignments set forth in Section 14.7 hereof, as of the Effective Date, the Term Loan B Commitment, Revolving Credit Commitment and Applicable Commitment Percentage for each of the Revolving
Lenders and Term Loan B Lenders are as set forth on Schedule 1.1. 
  
 1.2 Defined Terms. For purposes of this Agreement, in addition to the terms defined elsewhere herein, the following terms shall have the meanings set forth below (such meanings to be equally applicable to the
singular and plural forms thereof): 
  
 “Account Designation Letter”
shall mean a letter from the Borrower to the Administrative Agent, duly completed and signed by an Authorized Officer and in form and substance satisfactory to the Administrative Agent, listing any one or more accounts to which the Borrower may from
time to time request the Administrative Agent to forward the proceeds of any Loans made hereunder. 
  
 “Acquisition” shall mean any transaction or series of related transactions, consummated on or after the date hereof, by which the Borrower directly, or indirectly through one or more Subsidiaries,
(i) acquires any going business, all or substantially all of the assets or a certificate of need, of any Person, whether through purchase of assets, merger or otherwise, or (ii) acquires securities or other ownership interests of any
Person having at least a majority of combined voting power of the then outstanding securities or other ownership interests of such Person. 
  
 “Acquisition Amount” shall mean, with respect to any Acquisition, as at the date of entering into any agreement therefor, the sum of the following (without
duplication): (a) the value of the Capital Stock of the Borrower or any Subsidiary to be transferred in connection therewith, (b) the amount of any cash and fair market value of other property (excluding property described in clause
(a) and the unpaid principal amount of any debt instrument) given as consideration, (c) the amount (determined by using the face amount or the amount payable at maturity, whichever is greater) of any Indebtedness incurred, assumed or
acquired by the Borrower or any Subsidiary in connection with such Acquisition, (d) all additional purchase price amounts in the form of earnouts and other contingent obligations that should be recorded on the financial statements of the
Borrower and its Subsidiaries in accordance with GAAP, (e) all amounts paid in respect of covenants not to compete, consulting agreements that should be recorded on financial statements of the Borrower and its Subsidiaries in accordance with
GAAP, and other affiliated contracts in connection with such Acquisition, (f) the aggregate fair market value of all other consideration given by the Borrower or any Subsidiary in connection with such Acquisition, and (g) out of pocket
transaction costs for the services and expenses of attorneys, accountants and other consultants incurred in effecting such transaction, and other similar transaction costs so incurred. For purposes of determining the Cost of Acquisition for any
transaction, the Capital Stock of the Borrower or a Subsidiary shall be valued (A) in the case of Capital Stock that is then designated 

  

 3 

 
as a national market system security by the National Association of Securities Dealers, Inc. (“NASDAQ”) or is listed on a national
securities exchange, the average of the last reported bid and ask quotations or the last prices reported thereon, and (B) with respect to any other Capital Stock, as determined by a committee composed of the disinterested members of the Board
of Directors of the Borrower and, if requested by the Administrative Agent, determined to be a reasonable valuation by the independent public accountants referred to in Section 9.1(b), and (C) with respect to any Acquisition
accomplished pursuant to the exercise of options or warrants or the conversion of securities, the Cost of Acquisition shall include both the cost of acquiring such option, warrant or convertible security as well as the cost of exercise or
conversion. 
  
 “Adjusted Base Rate” shall mean, at any time with
respect to any Base Rate Loan, a rate per annum equal to the Base Rate as in effect at such time plus the Applicable Margin Percentage for Base Rate Loans as in effect at such time. 
  
 “Adjusted LIBOR Rate” shall mean, at any time with respect to any LIBOR Loan, a
rate per annum equal to the LIBOR Rate as in effect at such time plus the Applicable Margin Percentage for LIBOR Loans as in effect at such time. 
  
 “Administrative Agent” shall mean Bank of America, in its capacity as Administrative Agent appointed under Article XIII, and its successors and permitted
assigns in such capacity. 
  
 “Administrative Questionnaire” shall mean
an Administrative Questionnaire in a form supplied by the Administrative Agent. 
  
 “Affiliate” shall mean, as to any Person, each other Person that directly, or indirectly through one or more intermediaries, Controls or is Controlled by or is under common Control with the Person specified. “Control”
means the possession, directly or indirectly, of the power to direct or cause the direction of the management or policies of a Person, whether through the ability to exercise voting power, by contract or otherwise. “Controlling” and
“Controlled” have meanings correlative thereto. A Person shall be deemed to be Controlled by another Person if such other Person possesses, directly or indirectly, power to vote 10% or more of the securities having ordinary voting power
for the election of directors or managing general partners. 
  
 “Agent-Related Persons” means the Administrative Agent (including any successor administrative agent), together with its Affiliates (including, in the case of Bank of America in its capacity as the Administrative Agent, BAS), and
the officers, directors, employees and attorneys-in-fact of such Persons and Affiliates. 
  
 “Agreement” shall mean this Fourth Amended and Restated Credit Agreement, as amended, modified or supplemented from time to time. 
  
 “Applicable Commitment Percentage” means, for each Lender at any time, a fraction, (i) with respect to the Revolving Credit
Facility, the Letters of Credit and the Swing Line the numerator of which shall be such Lender’s Revolving Credit Commitment and the denominator of which shall be the Total Revolving Credit Commitment, and (ii) with respect to the Term
Loan B Facility, the numerator of which shall be such Lender’s Term Loan B Commitment and the denominator shall be the Total Term Loan B Commitment, which Applicable Commitment Percentage for each Lender shall be maintained on the Register of
the Administrative Agent; provided that the Applicable Commitment Percentage of each Lender shall be increased or decreased to reflect any assignments to or by such Lender effected in accordance with Section 14.7. 
  

 4 

 “Applicable Margin Percentage” shall mean, at any time from and after the Effective Date,
(a) (i) with respect to Segments of the Term Loan B that are Base Rate Loans, 0.50% and (ii) with respect to Segments of the Term Loan B that are LIBOR Loans, 2.00%, provided that, if after June 30, 2006, the Borrower
delivers a Compliance Certificate which reflects a Leverage Ratio of less than 2.00 to 1.00, from and after the tenth (10th) day (or, if such day is not a Business Day, on the next succeeding Business Day) following delivery of such
Compliance Certificate, such Applicable Margin Percentage shall mean (x) with respect to Segments of the Term Loan B that are Base Rate Loans, 0.25%, and (y) with respect to Segments of the Term Loan B that are LIBOR Loans, 1.75%; and
(b) with respect to Revolving Loans and the commitment fee payable pursuant to Section 5.2(a), the applicable percentage set forth below, each (i) to be added to the Base Rate pursuant to Section 5.1 for purposes of
determining the Adjusted Base Rate, and (ii) to be added to the LIBOR Rate pursuant to Section 5.1 for purposes of determining the Adjusted LIBOR Rate: 
  

										
	 Leverage Ratio

	  	Applicable Margin
Percentage for
Base Rate Loans

	 	 	Applicable Margin
Percentage for
LIBOR Loans

	 	 	Applicable Margin
Percentage for
Commitment Fee

	 
	 Less than 1.50 to 1.00
	  	0.00	%	 	1.25	%	 	0.25	%
	 Greater than or equal to 1.50 to 1.00, but less than 2.00 to 1.00
	  	0.00	%	 	1.50	%	 	0.30	%
	 Greater than or equal to 2.00 to 1.00, but less than 2.50 to 1
	  	0.25	%	 	1.75	%	 	0.375	%
	 Greater than or equal to 2.50 to 1.00, but less than 3.00 to 1
	  	0.50	%	 	2.00	%	 	0.375	%
	 Greater than or equal to 3.00 to 1.00
	  	1.00	%	 	2.50	%	 	0.50	%

  
 On each Adjustment Date (as
hereinafter defined), the Applicable Margin Percentage for all Revolving Loans and the commitment fee payable pursuant to Section 5.2(a) shall be adjusted effective as of such date (based upon the calculation of the Leverage Ratio as of
the last day of the fiscal period to which such Adjustment Date relates) in accordance with the above matrix; provided, however, that, notwithstanding the foregoing or anything else herein to the contrary, if at any time the Borrower
shall have failed to deliver the financial statements and a Compliance Certificate as required by Section 9.1(a) or Section 9.1(b), as the case may be, and Section 9.2(a), then at the election of the Required
Revolving Lenders, at all times from and including the date on which such statements and Compliance Certificate are required to have been delivered to the date on which the same shall have been delivered each Applicable Margin Percentage shall be
determined in accordance with the above matrix as if the Leverage Ratio were greater than 3.00 to 1.00 (notwithstanding the actual Leverage Ratio). The Applicable Margin Percentage in effect from the Effective Date until the Adjustment Date for
the period ended March 31, 2006 shall be determined based upon a Leverage Ratio of 2.00 to 1.00. For purposes of this definition, “Adjustment Date” shall mean, with respect to any fiscal period of the Borrower, the tenth
(10th) day (or, if such day is not a Business Day, on the next succeeding Business Day) after delivery by the Borrower in accordance with Section 9.1(a), Section 9.1(b) or Section 9.9(b), as the case may be,
of (i) financial statements as of the end of and for such fiscal period, (ii) a duly completed Compliance Certificate with respect to such fiscal period, and (iii) any pro forma Compliance Certificate of the Borrower and its
Subsidiaries giving effect to a Permitted Acquisition in accordance with Section 9.9. 
  

 5 

 “Approved Fund” shall mean 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 any entity that administers or manages a Lender. 
  
 “Asset Disposition” shall mean any sale, assignment, transfer or other disposition by the Borrower or any of its Subsidiaries to any other Person (other than to the Borrower or to a Wholly Owned Subsidiary),
whether in one transaction or a series of related transactions, of any of its assets, business units or other properties (including any interests in property, whether tangible or intangible, and including Capital Stock of Subsidiaries), but
excluding the sale or other disposition of assets permitted under clauses (i) through (iv) of Section 11.4. 
  
 “Assignee” shall have the meaning given to such term in Exhibit D. 
  
 “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” shall mean
an Assignment and Assumption entered into by a Lender and Eligible Assignee (with the consent of any party whose consent is required by Section 14.7), and accepted by the Administrative Agent and the Borrower, in substantially the form
of Exhibit D or any other form approved by the Administrative Agent, and shall include, in the case of the initial assignment of portions of the Term Loan B by Bank of America as one of the initial Term Loan B Lenders, one or more master
assignments and assumption agreement to effect assignments to multiple assignees substantially on the terms of the form of Assignment and Assumption set for on Exhibit D. 
  
 “Attributable Indebtedness” shall mean, 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. 
  

“Authorized Officer” shall mean, with respect to any action specified herein, the president, vice president, or with respect to any financial matter, the
chief financial officer of the Borrower or any other Financial Officer, or any officer of the Borrower duly authorized by resolution of the board of directors of the Borrower to take such action on its behalf, and whose signature and incumbency
shall have been certified to the Administrative Agent by the secretary or an assistant secretary of the Borrower. 
  
 “Bankruptcy Code” shall mean 11 U.S.C. §§ 101 et seq., as amended from time to time, and any successor statute. 
  
 “BAS” means Banc of America Securities LLC and its successors. 
  
 “Base Rate” shall mean 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.” Such 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. 
  

 6 

 “Base Rate Loan” shall mean, at any time, any Loan (including a Segment) that bears interest at such time at
the Adjusted Base Rate. 
  
 “Base Rate Segment” means a Segment bearing
interest at the Base Rate. 
  
 “Borrower Margin Stock” shall mean shares
of Capital Stock of the Borrower that are held by the Borrower or any of its Subsidiaries and that constitute Margin Stock. 
  
 “Borrower Materials” shall have the meaning given to such term in Section 9.2. 
  
 “Borrowing” shall mean (i) the incurrence by the Borrower (including as a result of conversions and continuations of
outstanding Revolving Loans pursuant to Section 5.4) on a single date of a group of Revolving Loans of a single Type and, in the case of LIBOR Loans, as to which a single Interest Period is in effect, and (ii) the borrowing under
the Term Loan B Facility. 
  
 “Borrowing Date” shall mean, with respect
to any Borrowing, the date upon which such Borrowing is made. 
  
 “Business
Day” shall mean (i) any day other than a Saturday or Sunday, a legal holiday or a day on which commercial banks in Charlotte, North Carolina are required by law to be closed and (ii) in respect of any determination relevant to a LIBOR
Loan, any such day that is also a day on which tradings are conducted in the London interbank Eurodollar market. 
  
 “Capital Assets” shall have the meaning given to such term in the definition of “Capital Expenditures.” 
  
 “Capital Expenditures” shall mean, for any period, the aggregate amount (whether
paid in cash or accrued as a liability) that would, in accordance with GAAP, be included on the consolidated statement of cash flows of the Borrower and its Subsidiaries for such period as additions to equipment, fixed assets, real property or
improvements or other capital assets (including, without limitation, capital lease obligations) (collectively, the “Capital Assets”); provided, however, that Capital Expenditures shall not include any such expenditures
(i) for replacements and substitutions for capital assets, to the extent made with the proceeds of insurance, or with proceeds from permitted disposition of the asset replaced or substituted, or (ii) made in connection with Permitted
Acquisitions. 
  
 “Capital Stock” shall mean (i) with respect to
any Person that is a corporation, any and all shares, interests or equivalents in capital stock (whether voting or nonvoting, and whether common or preferred) of such corporation, and (ii) with respect to any Person that is not a corporation,
any and all partnership, membership, limited liability company or other equity interests of such Person; and in each case, any and all warrants, rights or options to purchase any of the foregoing. 
  
 “Cash Collateral Account” shall have the meaning given to such term in
Section 4.8. 
  
 “Cash Equivalents” shall mean Eligible
Investments of High Credit Quality without Concentrations and with a Short Term Maturity. For purposes of this definition: 
  

	 	1)	 Eligible Investments are defined as investment in the following held in U.S. dollars: (i) AAA rated money market mutual funds; (ii) obligations issued by
the U.S. Treasury such as treasury bills, treasury notes and/or treasury bonds; (iii) obligations issued by a U.S. Federal Agency (e.g., Federal Home Loan Bank, Federal Farm Credit Bank and Fannie Mae); (iv) obligations of major
corporations and bank holding companies and limited to commercial paper, corporate notes, corporate bonds and medium-term-notes; (v) taxable and tax-exempt 

  

 7 

	 	 
municipal securities, which also include variable rate demands notes (VRDNs) and auction rate securities; (vi) auction rate preferreds; or
(vii) repurchase agreements collateralized by U.S. Treasury or agency securities at a minimum level of 102%. 

  

	 	2)	High Credit Quality is defined as: (i) investments which bear a short-term credit rating must have a minimum rating and be explicitly rated by two of the rating services as
follows: A1 by S&P, P1 by Moody’s and/or F-1 by Fitch (no split-rated paper permitted) – for municipal securities, the short-term credit minimum must be SPI by S&P, MIG1 by Moody’s; (ii) investments which bear a long-term
credit rating must have a minimum rating and be explicitly rated by two of the rating services as follows: A by S&P, A2 by Moody’s and/or A by Fitch; or (iii) investments, which bear a AAA-rating, need only be rated by one of the three
rating agencies. 

  

	 	3)	Concentration is defined as the portfolio holding more than 10% of its portfolio in one issue or more than 10% of any one issuer. AAA-rated money market mutual funds, U.S. Treasury
and U.S. Agency securities are exempt from these concentration limits. 

  

	 	4)	Short Term Maturity is defined as investments that mature within six months. For investments where the interest rate is adjusted via an auction, the auction date will be used to
determine liquidity. 

  
 “Casualty Event” shall mean, with
respect to any property (including any interest in property) of the Borrower or any of its Subsidiaries, any loss of, damage to, or condemnation or other taking of, such property for which the Borrower or such Subsidiary receives insurance proceeds,
proceeds of a condemnation award or other compensation. 
  
 “Change of
Control” shall mean an event or series or events by which: 
  
 (a)
Dr. Daniel E. Dosoretz, Dr. Michael J. Katin, Dr. James H. Rubenstein, Dr. Graciela R. Garton and Dr. Howard M. Sheridan (collectively, the “Management Shareholders”) shall collectively own
securities of the Borrower representing less than 25% of the combined voting power of the then outstanding securities of the Borrower ordinarily (and apart from rights accruing under special circumstances) having the right to vote in the election of
directors; 
  
 (b) 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) other than the Management Shareholders 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 (such right, an “option right”), whether such right is exercisable immediately or only after the passage of time), directly or
indirectly, of 35% 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); 
  

 8 

 (c) during any period of 24 consecutive months, a majority of the members of the board of directors or other equivalent
governing body of the Borrower cease to be composed of individuals (i) who were members of that board or equivalent governing body on the first day of such period, (ii) whose election, appointment or nomination to that board 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 that board or equivalent governing body or (iii) whose election, appointment or
nomination to that board or other equivalent governing body was 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 that board 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 board of directors); or 

 
 (d) any Person or two or more Persons other than the Management Shareholders acting in
concert shall have acquired by contract or otherwise, or shall have entered into a contract or arrangement that, upon consummation thereof, will result in its or their acquisition of the power to exercise, directly or indirectly, a controlling
influence over the management or policies of the Borrower, or control over 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) representing 35% or more of the combined voting power of such securities. 
  
 “CMS” means the Centers for Medicare & Medicaid Services of the HHS, and any successor thereto. 
  
 “Code” shall mean the Internal Revenue Code of 1986. 
  
 “Collateral” shall mean all the assets, property and interests in property that
shall from time to time be pledged or be purported to be pledged as direct or indirect security for the Obligations pursuant to any one or more of the Security Documents, including without limitation, all Capital Stock owned by each Grantor and all
other property of each Grantor, except as set forth in the Security Documents. In the event of any inconsistency between this definition and the definition of Collateral in any Security Document, such Security Document shall control. 
  
 “Commitment Fee” shall have the meaning given to such term in
Section 5.2(a). 
  
 “Compliance Certificate” shall mean a
fully completed and duly executed certificate in the form of Exhibit C, together with a Covenant Compliance Worksheet, which Compliance Certificate shall include calculations with respect to the revenue generated by all Excluded Subsidiaries.

  
 “Confirmation and Amendment of Credit Documents” shall mean the
document executed by the Borrower and its Subsidiaries as of the Effective Date amending and confirming their obligations under the Credit Documents executed in conjunction with the Third Amended Credit Agreement and confirming that such Credit
Documents shall continue to be Credit Documents under this Agreement. 
  
 “Consolidated EBITDA” shall mean for any four fiscal quarter period ending on the date of computation thereof, Consolidated Net Income for such period, plus the following to the extent deducted in calculating such
Consolidated Net Income: (i) the sum of Consolidated Interest Expense, taxes, depreciation, amortization, and other non-cash expenses or charges for such 

  

 9 

 
period; (ii) the write-off of any deferred financing costs as a result of the execution and effectiveness of this Agreement recorded in such period;
(iii) any non-cash expense recorded during such period in connection with any issuance of stock options or other stock-based compensation; (iv) for any period that includes the fiscal quarter ended March 31, 2005, up to $1,200,000 of
non-cash changes for unamortized leasehold improvements related to the consolidation and closing of six treatment centers in Westchester and Bronx Counties, New York and the closing of a treatment facility located outside of Yonkers, New York, all
determined on a consolidated basis in accordance with GAAP. 
  
 “Consolidated
Fixed Charges” shall mean, for any period, the aggregate (without duplication) of the following, all determined on a consolidated basis for the Borrower and its Subsidiaries (including Excluded Subsidiaries) in accordance with GAAP for such
period: (a) Consolidated Interest Expense for such period, (b) the aggregate (without duplication) of all scheduled payments of principal on Consolidated Funded Debt required to have been made by the Borrower and its Subsidiaries during
such period (whether or not such payments are actually made), (c) Restricted Payments paid or declared in such period, and (d) rental and operating lease expense. 
  
 “Consolidated Funded Debt” shall mean, as of any date of determination, any and all funded Indebtedness, in accordance with GAAP,
which shall include with respect to the Borrower and its Subsidiaries (including Excluded Subsidiaries), all items of Indebtedness for money borrowed, matured reimbursement obligations in respect of bonds, letters of credit and acceptances,
obligations to pay the deferred purchase price of property or services (including without limitation seller notes, contingent or otherwise), obligations to make “earnout” payments with respect to any Permitted Acquisition, obligations
secured by a Lien on property, Attributable Indebtedness with respect to capital lease obligations and Synthetic Lease Obligations, conditional sale obligations, obligations under Hedge Agreements and similar arrangements, obligations to redeem,
defease or otherwise make payments in respect of Capital Stock, all guarantees, endorsements and other similar Contingent Obligations in respect of others, and all other Indebtedness secured by any Lien on any property or asset regardless of whether
the Indebtedness secured thereby shall have been assumed by such property owner or is nonrecourse to such property owner. 
  
 “Consolidated Interest Expense” shall mean, for any period, the sum (without duplication) of (i) total interest expense of the Borrower and its
Subsidiaries (including Excluded Subsidiaries) for such period in respect of Consolidated Funded Debt of the Borrower and its Subsidiaries (including, without limitation, all such interest expense accrued or capitalized during such period, whether
or not actually paid during such period), determined on a consolidated basis in accordance with GAAP, (ii) all net amounts payable under or in respect of Hedge Agreements, to the extent paid or accrued by the Borrower and its Subsidiaries
(including Excluded Subsidiaries) during such period, and (iii) all commitment fees and other ongoing fees in respect of Consolidated Funded Debt paid, accrued or capitalized by the Borrower and its Subsidiaries (including Excluded
Subsidiaries) during such period. 
  
 “Consolidated Net Changes in Working
Capital” means, for any period for the Borrower and its Subsidiaries (including Excluded Subsidiaries), an amount (positive or negative) equal to the sum of (a) the net amount of decreases (or minus the amount of increases) in
accounts receivable, inventory and prepaid expenses and (b) the amount of increases (or minus the amount of decreases) in accounts payable (including accrued interest expense), in each case on a 

  

 10 

 
consolidated basis determined in accordance with GAAP and as set forth in the audited annual financial statements of the Borrower delivered to the
Administrative Agent pursuant to Section 9.1(b). 
  
 “Consolidated Net Income” shall mean, for any period, for the Borrower and its Subsidiaries (including Excluded Subsidiaries) on a consolidated basis, the net income (or loss) for the Borrower and its Subsidiaries (excluding
extraordinary losses and gains and non-cash items increasing Consolidated Net Income) for such period, determined in accordance with GAAP. 
  
 “Consolidated Net Worth” shall mean, as of any date of determination the net worth of the Borrower and its Subsidiaries (including Excluded Subsidiaries) as of
such date, determined on a consolidated basis in accordance with GAAP, but excluding any Disqualified Capital Stock. 
  
 “Contingent Obligation” shall mean, with respect to any Person, any direct or indirect liability of such Person with respect to any Indebtedness, liability or
other obligation (the “primary obligation”) of another Person (the “primary obligor”), whether or not contingent, (a) to purchase, repurchase or otherwise acquire such primary obligation or any property constituting direct
or indirect security therefor, (b) to advance or provide funds (i) for the payment or discharge of any such primary obligation or (ii) to maintain working capital or equity capital of the primary obligor or otherwise to maintain the
net worth or solvency or any balance sheet item, level of income or financial condition of the primary obligor, (c) to purchase property, securities or services primarily for the purpose of assuring the owner of any such primary obligation of
the ability of the primary obligor in respect thereof to make payment of such primary obligation or (d) otherwise to assure or hold harmless the owner of any such primary obligation against loss or failure or inability to perform in respect
thereof; provided, however, that, with respect to the Borrower and its Subsidiaries, the term Contingent Obligation shall not include endorsements for collection or deposit in the ordinary course of business. 
  
 “Covenant Compliance Worksheet” shall mean a fully completed worksheet in the form
of Attachment A to Exhibit C. 
  
 “Convert,”
“Conversion,” and “Converted” shall refer to a conversion pursuant to Section 5.4 of one Type of Loan into another Type of Loan. 
  

“Credit Documents” shall mean this Agreement, the Notes, the Confirmation and Amendment of Credit Documents, the Letters of Credit, the Fee Letter, the
Subsidiary Guaranty, the Security Documents, the Intercompany Notes, any Related Hedge Agreement and all other agreements, instruments, documents and certificates now or hereafter executed and delivered to the Administrative Agent or any Lender by
or on behalf of the Borrower or any of its Subsidiaries with respect to this Agreement and the transactions contemplated hereby, in each case as amended, modified, supplemented or restated from time to time. 
  
 “Credit Exposure” shall mean, for each Lender, the amount equal at all times
(a) other than following the occurrence and during the continuance of an Event of Default, to the sum of its Revolving Credit Commitment and the amount of the Term Loan B Outstandings, each times its Applicable Commitment Percentage with
respect to the Revolving Credit Facility and the Term Loan B Facility, and (b) following the occurrence and during the continuance of an Event of Default, to the sum of (i) the amount of such Lender’s Applicable Commitment Percentage
of Revolving Credit Outstandings plus (ii) the amount of such Lender’s Applicable Commitment Percentage of the outstanding Letters of Credit and Swing Line Outstandings plus (iii) the amount of such Lender’s
Applicable Commitment Percentage of the Term Loan B Outstandings; 

  

 11 

 
provided that, for the purpose of this definition only, (A) if any Lender shall have failed to fund its Applicable Commitment Percentage of the
Term Loan B or any Borrowing, then the Term Loan B Commitment or Revolving Credit Commitment, as applicable, of such Lender shall be deemed reduced by the amount it so failed to fund for so long as such failure shall continue and such Lender’s
Credit Exposure attributable to such failure shall be deemed held by any Lender making more than its Applicable Commitment Percentage of the Term Loan B or such Borrowing to the extent it covers such failure, (B) if any Revolving Lender shall
have failed to pay to the Issuing Lender upon demand its Applicable Commitment Percentage of any drawing under any Letter of Credit resulting in an outstanding Reimbursement Obligation (whether by funding its Participation therein or otherwise),
such Lender’s Credit Exposure attributable to all Letter of Credit Outstandings shall be deemed to be held by the Issuing Lender until such Lender shall pay such deficiency amount to the Issuing Lender together with interest thereon as provided
in Section 5.13, and (C) if any Revolving Lender shall have failed to pay to Bank of America on demand its Applicable Commitment Percentage of any Swing Line Loan (whether by funding its Participation therein or otherwise), such
Lender’s Credit Exposure attributable to all Swing Line Outstandings shall be deemed to be held by Bank of America until such Lender shall pay such deficiency amount to Bank of America together with interest thereon as provided in
Section 5.13. 
  
 “Debt Issuance” shall mean the issuance or
sale by the Borrower or any of its Subsidiaries of any debt securities, whether in a public offering of such securities or otherwise. 
  
 “Default” shall mean any event or condition that, with the passage of time or giving of notice, or both, would constitute an Event of Default. 
  
 “Default Rate” shall have the meaning given to such term in
Section 5.1(b). 
  
 “Disqualified Capital Stock” shall mean,
with respect to any Person, any Capital Stock of such Person that, by its terms (or by the terms of any security into which it is convertible or for which it is exchangeable), or upon the happening of any event or otherwise, (i) matures or is
mandatorily redeemable or subject to any mandatory repurchase requirement, pursuant to a sinking fund obligation or otherwise, (ii) is redeemable or subject to any mandatory repurchase requirement at the sole option of the holder thereof, or
(iii) is convertible into or exchangeable for (whether at the option of the issuer or the holder thereof) (a) debt securities or (b) any Capital Stock referred to in (i) or (ii) above, in each case under (i), (ii) or
(iii) above at any time on or prior to the first anniversary of the Term Loan B Maturity Date; provided, however, that only the portion of Capital Stock that so matures or is mandatorily redeemable, is so redeemable at the option
of the holder thereof, or is so convertible or exchangeable on or prior to such date shall be deemed to be Disqualified Capital Stock. 
  
 “Dollars” or “$” shall mean dollars of the United States of America. 
  
 “Effective Date” shall mean December 16, 2005. 
  
 “Employee Benefit Plan” shall mean (i) any employee benefit plan, including any Pension Plan, within the meaning of
Section 3(3) of ERISA which (A) is maintained for employees of the Borrower or any of its ERISA Affiliates, or any Subsidiary (including any Excluded Subsidiary) or is assumed by the Borrower or any of its ERISA Affiliates, or any
Subsidiary (including any Excluded Subsidiary) in connection with any Acquisition or (B) has at any time been maintained for the employees of the Borrower, any current or former ERISA Affiliate, or any Subsidiary (including any Excluded
Subsidiary) and (ii) any plan, arrangement, understanding or scheme 

  

 12 

 
maintained by the Borrower or any Subsidiary (including any Excluded Subsidiary) that provides retirement, deferred compensation, employee or retiree medical
or life insurance, severance benefits or any other benefit covering any employee or former employee and which is administered under any Foreign Benefit Law or regulated by any Governmental Authority other than the United States of America.

  
 “Eligible Assignee” shall mean (a) a Lender; (b) an
Affiliate of a Lender; (c) an Approved Fund; and (d) any other Person (other than a natural person) approved by (i) the Administrative Agent, (ii) the Issuing Lender, and (iii) unless an Event of Default has occurred and is
continuing, the Borrower (each such approval not to be unreasonably withheld of delayed); provided that notwithstanding the foregoing, “Eligible Assignee” shall not include the Borrower or any of the Borrower’s Affiliates or
Subsidiaries. 
  
 “Environmental Claims” shall mean any and all
administrative, regulatory or judicial actions, suits, demands, demand letters, claims, liens, accusations, allegations, notices of noncompliance or violation, investigations (other than internal reports prepared by any Person in the ordinary course
of its business and not in response to any third party action or request of any kind) or proceedings relating in any way to any actual or alleged violation of or liability under any Environmental Law or relating to any permit issued, or any approval
given, under any Environmental Law (collectively, “Claims”), including, without limitation, (i) any and all Claims by Governmental Authorities for enforcement, cleanup, removal, response, remedial or other actions or damages pursuant
to any applicable Environmental Law and (ii) any and all Claims by any third party seeking damages, contribution, indemnification, cost recovery, compensation or injunctive relief resulting from Hazardous Substances or arising from alleged
injury or threat of injury to human health or the environment. 
  
 “Environmental Laws” shall mean any and all federal, state and local laws, statutes, ordinances, rules, regulations, permits, licenses, approvals, rules of common law and orders of courts or Governmental Authorities, relating to
the protection of human health or occupational safety or the environment, now or hereafter in effect and in each case as amended from time to time, including, without limitation, requirements pertaining to the manufacture, processing, distribution,
use, treatment, storage, disposal, transportation, handling, reporting, licensing, permitting, investigation or remediation of Hazardous Substances. 
  
 “Equity Issuance” shall mean the issuance, sale or other disposition by the Borrower or any of its Subsidiaries of its Capital Stock (including, without
limitation, pursuant to an initial registered public offering of Capital Stock of the Borrower), any rights, warrants or options to purchase or acquire any shares of its Capital Stock or any other security or instrument representing, convertible
into or exchangeable for an equity interest in the Borrower or any of its Subsidiaries; provided, however, that the term Equity Issuance shall not include (i) the issuance or sale of Capital Stock by any of the Subsidiaries of the
Borrower to the Borrower or any other Subsidiary, provided that such Capital Stock is pledged to the Administrative Agent pursuant to the Security Agreement, (ii) any Capital Stock of the Borrower issued or sold in connection with any
Permitted Acquisition and constituting all or a portion of the Acquisition Amount for such Permitted Acquisition, or (iii) any Capital Stock of the Borrower issued or sold pursuant to Section 11.5(vii) herein. 
  
 “ERISA” shall mean the Employee Retirement Income Security Act of 1974, as amended
from time to time, and any successor statute, and all rules and regulations from time to time promulgated thereunder. 
  

 13 

 “ERISA Affiliate” shall mean any Person (including any trade or business, whether or not incorporated) that
would be deemed to be under “common control” with, or a member of the same “controlled group” as, the Borrower or any of its Subsidiaries, within the meaning of Sections 414(b), (c), (m) or (o) of the Internal Revenue
Code or Section 4001 of ERISA. 
  
 “Event of Default” shall have
the meaning given to such term in Section 12.1. 
  
 “Excess Cash
Flow” means, with respect to the Borrower and its Subsidiaries (including Excluded Subsidiaries) for any fiscal year, the difference of (i) Consolidated EBITDA for such period minus (ii) the sum of (A) the Consolidated Net
Changes in Working Capital for such period; plus (B) Capital Expenditures paid in cash during such period; plus (C) expenditures for Permitted Acquisitions paid in cash during such period; plus (D) taxes paid in
cash during such period; plus (E) Consolidated Interest Expense paid in cash during such period; plus (F) the aggregate amount of any optional prepayments of the Term Loan B paid in cash during such period; plus
(G) the aggregate amount of any scheduled repayments of principal of the Term Loan B paid in cash during such period. 
  
 “Exchange Act” shall mean the Securities Exchange Act of 1934, as amended from time to time, and any successor statute, and all rules and regulations from time
to time promulgated thereunder. 
  
 “Excluded Subsidiary” shall mean any
Subsidiary of the Borrower or one of its Subsidiaries existing as of the Effective Date or thereafter created or acquired in connection with a transaction permitted under Section 11.5(vii) which is not a Subsidiary Guarantor and which is
designated by an Authorized Officer of the Borrower as an Excluded Subsidiary in a certificate delivered to the Administrative Agent in the form attached hereto as Exhibit H and which Subsidiary (i) shall have no Indebtedness other than
Permitted Excluded Subsidiary Loans, and (ii) shall not guaranty or otherwise directly or indirectly provide credit support for any Indebtedness of the Borrower or any Subsidiary Guarantor. 
  
 “Fair Market Value” shall mean with respect to any Capital Stock of the Borrower
given in connection with an Acquisition, the value given to such Capital Stock for purposes of such Acquisition by the parties thereto, as determined in good faith pursuant to the relevant acquisition agreement or otherwise in connection with such
Acquisition. 
  
 “FASB 133” shall mean Statement of Financial Accounting
Standards No. 133. 
  
 “Federal Funds Rate” shall mean, for any
day, the rate per annum equal to the weighted average of the rates on overnight Federal funds transactions with members of the Federal Reserve System arranged by Federal funds brokers on such day, as published by the Federal Reserve Bank on the
Business Day next succeeding such day; provided that (a) if such day is not a Business Day, the Federal Funds Rate for such day shall be such rate on such transactions on the next preceding Business Day as so published on the next
succeeding Business Day, and (b) if no such rate is so published on such next succeeding Business Day, the Federal Funds Rate for such day shall be the average rate charged to Bank of America on such day on such transactions as determined by
the Administrative Agent. 
  
 “Federal health care offense” has the same
meaning as the definition at subsection (a) of 18 U.S.C. § 24, and any statutes succeeding thereto. 
  
 “Federal health care program” has the same meaning as the definition at subsection (f) of 42 U.S.C. § 1320a-7b, and any statutes succeeding thereto. 
  

 14 

 “Federal Reserve Board” shall mean the Board of Governors of the Federal Reserve System or any successor
thereto. 
  
 “Fee Letter” shall mean the letter from Bank of America to
the Borrower dated November 1, 2005, relating to certain fees payable by the Borrower in respect of the transaction contemplated by this Agreement, as amended, modified or supplemented from time to time. 
  
 “Financial Officer” shall mean, with respect to the Borrower, the chief financial
officer, vice president - finance, principal accounting officer or treasurer of the Borrower. 
  
 “Fixed Charge Coverage Ratio” shall mean, as of the last day of any fiscal quarter, the ratio of (i) Consolidated EBITDA for the four immediately preceding fiscal quarters plus rental and
operating lease expense for such period minus cash income taxes paid by the Borrower and its Subsidiaries, (including Excluded Subsidiaries), if any, during such period to (ii) Consolidated Fixed Charges for the four immediately
preceding fiscal quarters. 
  
 “Foreign Benefit Law” shall mean any
applicable statute, law, ordinance, code, rule, regulation, order or decree of any foreign nation or any province, state, territory, protectorate or other political subdivision thereof regulating, relating to, or imposing liability or standards of
conduct concerning, any Employee Benefit Plan. 
  
 “Foreign Lender”
shall have the meaning given such term in Section 5.10(d). 
  
 “Fund” shall mean 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 business.

  
 “GAAP” shall mean generally accepted accounting principles 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, that are applicable to the circumstances as of the date of determination, consistently applied. 
  

“Governmental Authority” shall mean any nation or government, any state or other political subdivision thereof, any agency, authority, instrumentality,
regulatory body, court, administrative tribunal, central bank or other entity exercising executive, legislative, judicial, taxing, regulatory or administrative powers or functions of or pertaining to government, and any corporation or other entity
owned or controlled, through stock or capital ownership or otherwise, by any of the foregoing. 
  
 “Grantor” shall have the meaning given such term in Section 6.3. 
  
 “Hazardous Substances” shall mean any substances or materials (i) that are or become defined as hazardous wastes, hazardous substances, pollutants,
contaminants or toxic substances under any applicable Environmental Law, (ii) that are defined by any applicable Environmental Law as toxic, explosive, corrosive, ignitable, infectious, radioactive or mutagenic, (iii) the presence of which
require investigation or response under any applicable Environmental Law, (iv) that consist of underground or aboveground storage tanks, whether empty, filled or partially filled with any substance, or (v) that contain, without limitation,
asbestos, polychlorinated biphenyls, urea formaldehyde foam insulation, petroleum hydrocarbons, petroleum derived substances or wastes, crude oil, nuclear fuel, natural gas or, synthetic gas. 
  

 15 

 “Hedge Agreement” shall mean (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 all other
“derivative instruments” as defined in FASB 133 and which are subject to the reporting requirements of FASB 133, 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. 
  
 “Hedge Termination Value” shall mean, in respect of any one or more Hedge Agreements, after taking into account the effect of any legally enforceable netting
agreement relating to such Hedge Agreements, (a) for any date on or after the date such Hedge Agreements 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 Hedge Agreements, as determined based upon one or more mid-market or other readily available quotations provided by any recognized
dealer in such Hedge Agreements (which may include any Lender). 
  
 “HHS” means the United States Department of Health and Human Services, and any successor thereto. 
  
 “Indebtedness” shall mean, as to any Person at a particular time, 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 under any Hedge Agreement in an amount equal to the Hedge Termination Value thereof; 
  
 (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); 
  
 (e) indebtedness (excluding prepaid interest
thereon) secured by a Lien on property owned or being purchased by such Person (including indebtedness arising under 

  

 16 

 
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) all Disqualified Capital Stock issued by such Person, with
the amount of Indebtedness represented by such Disqualified Capital Stock being equal to the greater of its voluntary or involuntary liquidation preference and its maximum fixed repurchase price, but excluding accrued dividends, if any (for purposes
hereof, the “maximum fixed repurchase price” of any Disqualified Capital Stock that does not have a fixed repurchase price shall be calculated in accordance with the terms of such Disqualified Capital Stock as if such Disqualified Capital
Stock were purchased on any date on which Indebtedness shall be required to be determined pursuant to this Agreement, and if such price is based upon, or measured by, the fair market value of such Disqualified Capital Stock, such fair market value
shall be determined reasonably and in good faith by the board of directors or other governing body of the issuer of such Disqualified Capital Stock; 
  
 (g) capital leases and Synthetic Lease Obligations; and 
  
 (h) all Contingent Obligations of such Person. 
  
 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 Liabilities” shall have the meaning given such term in Section 14.2. 
  
 “Indemnified Party” shall have the meaning given such term in Section 14.2. 
  
 “Information” shall have the meaning given such term in Section 14.12. 
  
 “Intercompany Notes” shall mean, collectively, the intercompany notes made by the
Subsidiaries, in substantially the form of Exhibit E, as amended, modified or supplemented from time to time. 
  
 “Interest Coverage Ratio” shall mean, as of any date of determination, the ratio of (a) Consolidated EBITDA for the period of the four prior fiscal quarter
periods ending on such date, to (b) Consolidated Interest Expense for such period. 
  
 “Interest Period” shall have the meaning given to such term in Section 5.3. 
  
 “Internal Control Event” means a material weakness in, or fraud that involves management or other employees who have a significant role in, the Borrower’s internal controls over financial reporting, in
each case as described in the Securities Laws. 
  
 “Internal Revenue
Code” shall mean the Internal Revenue Code of 1936, as amended from time to time, and any successor statute, and all rules and regulations from time to time promulgated thereunder. 
  
 “ISP” means, with respect to any Letter of Credit, the “International Standby Practices 1998” published by the Institute
of International Banking Law & Practice (or such later version thereof as may be in effect at the time of issuance). 
  

 17 

 “Issuing Lender” shall mean Bank of America in its capacity as issuer of the Letters of Credit pursuant to
Section 4.1, and its successors in such capacity. 
  
 “Lender” shall mean each financial institution signatory hereto and each other Person that becomes a “Lender” hereunder pursuant to Section 14.7, and their respective successors and permitted assigns.

  
 “Lending Office” shall mean, with respect to any Lender, the office
of such Lender designated as its “Lending Office” on its signature page hereto or in an Assignment and Assumption, or such other office as may be otherwise designated in writing from time to time by such Lender to the Borrower and the
Administrative Agent. A Lender may designate separate Lending Offices as provided in the foregoing sentence for the purposes of making or maintaining different Types of Loans, and, with respect to LIBOR Loans, such office may be a domestic or
foreign branch or Affiliate of such Lender. 
  
 “Letter of Credit
Exposure” shall mean, with respect to any Revolving Lender at any time, such Revolving Lender’s ratable share (based on the proportion that its Revolving Credit Commitment bears to the Total Revolving Credit Commitments at such time) of
the sum of (i) the aggregate Stated Amount of all Letters of Credit outstanding at such time and (ii) the aggregate amount of all Reimbursement Obligations outstanding at such time. 
  
 “Letter of Credit Notice” shall have the meaning given to such term in
Section 4.2. 
  
 “Letter of Credit Sublimit” shall mean
$20,000,000.00 
  
 “Letters of Credit” shall have the meaning given to
such term in Section 4.1. 
  
 “Leverage Ratio” shall mean,
as of any date of determination, the ratio of (i) Consolidated Funded Debt as of such date to (ii) Consolidated EBITDA for the four fiscal quarter period most recently ended. 
  
 “LIBOR Loan” shall mean, at any time, any Loan (including a Segment) that bears interest at such time at the Adjusted LIBOR Rate.

  
 “LIBOR Rate” means for any Interest Period with respect to any LIBOR
Loan, a rate per annum determined by the Administrative Agent pursuant to the following formula: 
  

					
	 LIBOR Rate    =    
	  	LIBOR Base Rate	  	 
	 	  	1.00 – LIBOR Reserve Percentage	  	 

  
 Where, 
  
 “LIBOR Base Rate” means, for such Interest Period: 
  
 (a) 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
“LIBOR Base 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 LIBOR Loan being made, continued or 

  

 18 

 
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. 
  
 “LIBOR Reserve Percentage” means, for any day during any Interest Period, the reserve percentage (expressed as a decimal, carried
out to five decimal places) in effect on such day, whether or not applicable to any Lender, under regulations issued from time to time by the FRB for determining the maximum reserve requirement (including any emergency, supplemental or other
marginal reserve requirement) with respect to Eurocurrency funding (currently referred to as “Eurocurrency liabilities”). The LIBOR Rate for each outstanding LIBOR Loan shall be adjusted automatically as of the effective date of any change
in the LIBOR Reserve Percentage. 
  
 “LIBOR Segment” means a Segment
bearing interest or to bear interest at the Adjusted LIBOR Rate. 
  
 “Lien” shall mean any mortgage, pledge, hypothecation, assignment, security interest, lien (statutory or otherwise), preference, priority, charge or other encumbrance of any nature, whether voluntary or involuntary, including,
without limitation, the interest of any vendor or lessor under any conditional sale agreement, title retention agreement, capital lease or any other lease or arrangement having substantially the same effect as any of the foregoing. 
  
 “Licenses” shall mean any and all licenses (including provisional licenses),
certificates of need, accreditations, permits, franchises, rights to conduct business, approvals (by a Governmental Authority or otherwise), consents, qualifications, operating authority and any other authorizations. 
  
 “Limitation” shall mean a revocation, suspension, termination, impairment,
probation, limitation, non-renewal, forfeiture, declaration of ineligibility, loss of status as a participating provider in a Third Party Payor Arrangement, and the loss of any other rights. 
  
 “Loans” shall mean the Term Loan B, a Revolving Loan or a Swing Line Loan,
including any Segment. 
  
 “Managed Practice” shall mean any radiation
therapy professional association, professional corporation, partnership or similar Person that, pursuant to a Service Agreement, provides radiation therapy services at a center, clinic or other facility operated by the Borrower or any of its
Subsidiaries, or at a hospital or hospital department with which the Borrower or any of its Subsidiaries has a Service Agreement. 
  
 “Margin Stock” shall have the meaning given to such term in Regulation U. 
  
 “Material Adverse Change” shall mean a material adverse change in the condition (financial or otherwise), operations, prospects,
business, properties, liabilities (actual or contingent) or assets of the Borrower and its Subsidiaries, taken as a whole. 
  
 “Material Adverse Effect” shall mean a material adverse effect upon (i) the condition (financial or otherwise), operations, prospects, business,
properties, liabilities (actual or contingent) or assets of the Borrower and its Subsidiaries, taken as a whole, (ii) the ability of the Borrower or any Subsidiary to perform its obligations under this Agreement or any of the other Credit
Documents to which it is a party or (iii) the legality, validity or enforceability of this Agreement 

  

 19 

 
or any of the other Credit Documents or the rights and remedies of the Administrative Agent and the Lenders hereunder and thereunder. 
  
 “Material Contract” shall have the meaning given to such term in
Section 8.18. 
  
 “Maturity Date” shall mean, with respect
to the Revolving Credit Facility, March 15, 2010. 
  
 “Medicaid
Certification” shall mean, with respect to a health care operation, certification by CMS or a state agency or entity under contract with CMS that such health care operation is in compliance with all the conditions of participation set forth in
the Medicaid Regulations, except where the failure to so comply would not have a Material Adverse Effect. 
  
 “Medicaid Provider Agreement” shall mean an agreement entered into between a state agency or other such entity administering the Medicaid program and a health care operation under which the health care
operation agrees to provide services for Medicaid beneficiaries in accordance with the terms of the agreement and Medicaid Regulations. 
  
 “Medicaid Regulations” shall mean collectively, (i) all federal statutes (whether set forth in Title XIX of the Social Security Act, 42 USC §§
1396 et seq. or elsewhere) affecting the medical assistance program established by Title XIX of the Social Security Act, and any statutes succeeding thereto; (ii) all applicable provisions of all federal rules, regulations, manuals and
orders of all Governmental Authorities promulgated pursuant to or in connection with the statutes described in clause (i) above and all federal administrative, reimbursement and other guidelines of all Governmental Authorities having the force
of law promulgated pursuant to or in connection with the statutes described in clause (i) above; (iii) all state statutes and plans for medical assistance enacted in connection with the statutes and provisions described in clauses
(i) and (ii) above; and (iv) all applicable provisions of all rules, regulations, manuals and orders of all Governmental Authorities promulgated pursuant to or in connection with the statutes described in clause (iii) above and
all state administrative, reimbursement and other guidelines of all Governmental Authorities having the force of law promulgated pursuant to or in connection with the statutes described in clause (iii) above, in each case as may be amended,
supplemented or otherwise modified from time to time. 
  
 “Medicare
Certification” shall mean, with respect to any health care operation, certification by CMS or a state agency or entity under contract with CMS that such health care operation is in compliance with all the conditions of participation set forth
in the Medicare Regulations, except where the failure to so comply would not have a Material Adverse Effect. 
  
 “Medicare Provider Agreement” shall mean an agreement entered into between a state agency or other such entity administering the Medicare program and a health care operation under which the health care
operation agrees to provide services for Medicare beneficiaries in accordance with the terms of the agreement and Medicare Regulations. 
  
 “Medicare Regulations” shall mean, collectively, all federal statutes (whether set forth in Title XVIII of the Social Security Act, 42 USC §§ 1396
et seq., or elsewhere) affecting the health insurance program for the aged and disabled established by Title XVIII of the Social Security Act and any statutes succeeding thereto; together with all applicable provisions of all rules,
regulations, manuals and orders and administrative, reimbursement and other guidelines having the force of law of all Governmental Authorities (including without limitation, HHS, CMS, the Office of the Inspector General for HHS, or any Person
succeeding to the functions of any of the foregoing) promulgated pursuant to or in connection with any of the foregoing having the force of law, in each case as may be amended, supplemented or otherwise modified from time to time. 
  

 20 

 “Moody’s” means Moody’s Investors Service, Inc. and any successor thereto. 
  
 “Mortgages” shall mean, collectively, (i) those mortgages, deeds of trust,
leasehold mortgages, leasehold deeds of trust, deeds to secure debt, leasehold deeds to secure debt and comparable real estate Lien documents listed on Schedule 7.1, including all amendments thereto to show, among other things, Bank of
America, as Administrative Agent, (ii) the mortgage modifications executed and delivered pursuant to Section 7.1(a)(vi) and (iii) those mortgages executed and delivered after the Effective Date in accordance with
Section 9.10, as any such mortgage may be amended, modified or supplemented from time to time. 
  
 “Mortgaged Property” shall mean, collectively, the real property, improvements, fixtures and other items of real and personal property related thereto and the products and proceeds thereof owned by the
Borrower and its Subsidiaries at the Effective Date or acquired thereafter and referenced in the Mortgages, including any of such property owned or acquired by any Subsidiary that is or is required to become a Guarantor after the Effective Date
pursuant to Section 9.10. 
  
 “Mortgaged Property Support
Documents” shall mean, for each Mortgaged Property, (i) the Title Policy pertaining thereto, (ii) such surveys, flood hazard certifications and environmental assessments thereof as the Administrative Agent may require prepared by
recognized experts in their respective fields selected by the Borrower and reasonably satisfactory to the Administrative Agent, (iii) as to the Mortgaged Properties located in a flood hazard area, such flood hazard insurance as the
Administrative Agent may require, (iv) appraisals conducted by nationally recognized appraisal experts selected by the Administrative Agent in its reasonable discretion and reasonably acceptable to the Borrower, (v) with respect to
facilities leased or subleased from third parties, such lessor’s estoppel, waiver and consent certificates as the Administrative Agent may reasonably require and the Borrower can deliver using its best efforts and subordination, nondisturbance
and attornment agreements as the Administrative Agent may reasonably require, (vi) such owner’s or lessee’s affidavits as the Administrative Agent may reasonably require, (vii) such opinions of local counsel with respect to the
Mortgages, as applicable, as the Administrative Agent may reasonably require, and (viii) such other documentation as the Administrative Agent may reasonably require, in each case as shall be in form and substance reasonably acceptable to the
Administrative Agent. 
  
 “Multiemployer Plan” means a
“multiemployer plan” as defined in Section 4001(a)(3) of ERISA to which the Borrower or any ERISA Affiliate is making, or is accruing an obligation to make, contributions or has made, or been obligated to make, contributions within
the preceding six (6) fiscal years. 
  
 “Net Cash Proceeds” shall
mean in the case of any Equity Issuance, Debt Issuance or Asset Disposition, the aggregate cash payments received by the Borrower and its Subsidiaries less reasonable and customary fees and expenses (including, without limitation, underwriting
discounts and commissions and out-of-pocket and reasonable attorneys’ and accountants’ fees) incurred by the Borrower and its Subsidiaries in connection therewith. 
  
 “Notes” shall mean the Revolving Notes, the Swing Line Notes and the Term Loan B Notes of the Borrower in substantially the form
of Exhibits A-1, A-2 and A-3, respectively, together with any amendments, modifications and supplements thereto, substitutions therefor and restatements thereof. 
  
 “Notice of Borrowing” shall have the meaning given to such term in Section 3.2(b). 
  

 21 

 “Notice of Conversion/Continuation” shall have the meaning given to such term in Section 5.4(b).

  
 “Obligations” shall mean all principal of and interest (including,
to the greatest extent permitted by law, post-petition interest) on the Loans, all Reimbursement Obligations and all fees, expenses, indemnities and other obligations owing, due or payable at any time by the Borrower to the Administrative Agent, any
Lender, the Issuing Lender or any other Person entitled thereto, under this Agreement, any of the other Credit Documents or any Related Credit Arrangements. 
  
 “Participant” shall have the meaning given to such term in Section 14.7(d). 
  
 “Participation” means, (i) with respect to any Revolving Lender (other than the Issuing Lender) and a Letter of Credit, the
extension of credit represented by the participation of such Lender hereunder in the liability of the Issuing Lender in respect of a Letter of Credit issued by the Issuing Lender in accordance with the terms hereof and the rights of the Issuing
Lender in respect of Reimbursement Obligations, and (ii) with respect to any Revolving Lender (other than Bank of America) and a Swing Line Loan, the extension of credit represented by the participation of such Lender hereunder in the rights of
Bank of America in respect of a Swing Line Loan made by Bank of America in accordance with the terms hereof. 
  
 “PBGC” means the Pension Benefit Guaranty Corporation and any successor thereto. 
  
 “Pension Plan” means any employee pension benefit plan within the meaning of Section 3(2) of ERISA, other than a Multiemployer Plan, which is subject to
the provisions of Title IV of ERISA or Section 412 of the Code and which (i) is maintained for employees of the Borrower or any of its ERISA Affiliates or is assumed by the Borrower or any of its ERISA Affiliates in connection with any
Acquisition or (ii) has at any time been maintained for the employees of the Borrower or any current or former ERISA Affiliate. 
  
 “Permitted Acquisition” shall mean (a) any Acquisition with respect to which all of the following conditions are satisfied: (i) each business acquired
shall be within the permitted lines of business described in Section 11.8, (ii) any Capital Stock given as consideration in connection therewith shall be Capital Stock of the Borrower, (iii) in the case of an Acquisition,
involving the acquisition of control of Capital Stock of any Person, immediately after giving effect to such Acquisition such Person (or the surviving Person, if the Acquisition is effected through a merger or consolidation) shall be the Borrower or
a Wholly Owned Subsidiary, (iv) the board of directors or other managing authority (and, to the extent required, the shareholders or other stakeholders) of each business or Person acquired shall consent to the transaction, and (v) all of
the conditions and requirements of Sections 9.9 and 9.10 applicable to such Acquisition are satisfied; or (b) any other Acquisition to which the Required Lenders shall have given their prior written consent (which consent shall
not be unreasonably withheld and may be given subject to such additional terms and conditions as the Required Lenders may reasonably establish) and with respect to which all of the conditions and requirements set forth in this definition and in
Section 9.9 and in or pursuant to any such consent, have been satisfied or waived by the Required Lenders (or the Administrative Agent on their behalf). 
  
 “Permitted Excluded Subsidiary Loan” shall mean a loan from the Borrower to any Excluded Subsidiary, not to exceed $500,000 per
Excluded Subsidiary, and not to exceed $3,000,000 principal outstanding for all Excluded Subsidiaries, (A) which is secured by the Excluded Subsidiary granting to the Borrower a Lien on its tangible and intangible assets, including, if the
Borrower elects, real property, and which Lien (i) constitutes a first priority perfected security 

  

 22 

 
interest on such assets, and (ii) has been pledged to the Administrative Agent for the benefit of the Lenders, and (B) for which documentation
evidencing (i) and (ii) above shall have been delivered to the Administrative Agent in form and substance acceptable to the Administrative Agent in its reasonable discretion. 
  
 “Permitted Liens” shall have the meaning given to such term in Section 11.3. 
  
 “Person” shall mean any natural person, corporation, association, joint venture,
partnership, limited liability company, company, association, trust, governmental authority or other entity. 
  
 “Platform” shall have the meaning given to such term in Section 9.2. 
  
 “Pledged Interests” shall mean the Subsidiary Securities required to be pledged as Collateral pursuant to Article VI or the terms of any Security
Agreement. 
  
 “Principal Office” means the principal office of Bank of
America, presently located at 101 North Tryon Street, 15th Floor, NC1 001-15-04, Charlotte, North Carolina 28255, Attention: Agency Services, or such other office and address as the Administrative Agent may from time to time designate. 

 
 “Prior Credit Documents” shall have the meaning given such term in
Section 1.1(b). 
  
 “Prior Notes” shall mean, collectively,
the promissory notes issued prior to the Effective Date under the Third Amended Credit Agreement evidencing the revolving credit facility thereunder. 
  
 “Projections” shall have the meaning given to such term in Section 8.11(c). 
  
 “Related Credit Arrangement” means, collectively, any Related Hedge Agreement and any Related Treasury Management Arrangement.

  
 “Related Hedge Agreement” shall mean, any Hedge Agreement between
the Borrower and any Lender or any Affiliate of any Lender with respect to the obligations of the Borrower in respect of the Loans. 
  
 “Related Parties” shall mean, with respect to any specified Person, such Person’s Affiliates and the respective directors, officers, employees, agents and
advisors of such Person and such Person’s Affiliates. 
  
 “Related
Treasury Management Agreement” means all arrangements for the delivery of treasury management services to or for the benefit of any Loan Party which are entered into or maintained with the Lender or an Affiliate of the Lender. 
  
 “Register” shall have the meaning given to such term in
Section 14.7(c). 
  
 “Regulations D, U and X” shall mean
Regulations D, U and X, respectively, of the Federal Reserve Board, and any successor regulations. 
  
 “Reimbursement Approvals” shall mean, with respect to all Third Party Payor Arrangements, any and all certifications, provider numbers, provider agreements, participation agreements, accreditations and any
other similar agreements with or approvals by Governmental Authorities or other Persons. 
  
 “Reimbursement Obligation” shall have the meaning given to such term in Section 4.4. 
  
 “Required Lenders”, as at any date, shall mean the Lenders on such date having Credit Exposures greater than 50% of the aggregate Credit Exposures of all the
Lenders on such date 
  

 23 

 “Required Revolving Lenders”, as at any date, shall mean the Revolving Lenders on such date having Credit
Exposures with respect to the Revolving Credit Facility greater than 50% of the aggregate Credit Exposures with respect to the Revolving Credit Facility of all the Revolving Lenders on such date. 
  
 “Required Term Loan B Lenders”, as at any date, shall mean the Term Loan B Lenders
on such date having Credit Exposures with respect to the Term Loan B Credit Facility greater than 50% of the aggregate Credit Exposures with respect to the Term Loan B Credit Facility of all the Term Loan B Lenders on such date. 
  
 “Requirement of Law” shall mean, with respect to any Person, the charter, articles
or certificate of organization or incorporation and bylaws or other organizational or government documents of such Person and any statute, law, treaty, rule, regulation, order, decree, writ, injunction or determination of any arbitrator or court or
other Governmental Authority, in each case applicable to or binding upon such Person or any of its property or to which such Person or any of its property is subject or otherwise pertaining to any or all of the transactions contemplated by this
Agreement and the other Credit Documents. 
  
 “Reserve Requirement”
shall mean, with respect to any Interest Period, the reserve percentage (expressed as a decimal) in effect from time to time during such Interest Period, as provided by the Federal Reserve Board, applied for determining the maximum reserve
requirements (including, without limitation, basic, supplemental, marginal and emergency reserves) applicable to Bank of America under Regulation D with respect to “Eurocurrency liabilities” within the meaning of Regulation D, or under any
similar or successor regulation with respect to Eurocurrency liabilities or Eurocurrency funding. 
  
 “Restricted Payment” means (a) any dividend or other distribution, direct or indirect, on account of any shares of any class of stock or other equity interest of the Borrower or any Subsidiary
Securities of its Subsidiaries (other than those payable or distributable solely to the Borrower or a Subsidiary of the Borrower) now or hereafter outstanding, except a dividend payable solely in shares of a class of stock or other equity interests
to the holders of that class; (b) any redemption, conversion, exchange, retirement or similar payment, purchase or other acquisition for value, direct or indirect, or any shares of any class of stock or other equity interest of the Borrower or
any Subsidiary Securities of its Subsidiaries (other than those payable or distributable solely to the Borrower) now or hereafter outstanding; and (c) any payment made to retire, or to obtain the surrender of, any outstanding warrants, options
or other rights to acquire shares of any class of stock or other equity interest of the Borrower or any Subsidiary Securities of its Subsidiaries now or hereafter outstanding. 
  
 “Revolving Credit Commitment” means, with respect to each Revolving Lender, the obligation of such Lender to make Revolving Loans
to the Borrower up to an aggregate principal amount at any one time outstanding equal to such Lender’s Applicable Commitment Percentage of the Total Revolving Credit Commitment. 
  
 “Revolving Credit Facility” means the facility described in Section 3.1 hereof providing for Revolving Loans to the
Borrower by the Revolving Lenders in the aggregate principal amount of the Total Revolving Credit Commitment. 
  
 “Revolving Credit Outstandings” means, as of any date of determination, the aggregate principal amount of all Revolving Loans then outstanding. 
  

 24 

 “Revolving Lender” means each lender that has a Revolving Credit Commitment or, following termination of the
Revolving Credit Commitments, has Revolving Credit Outstandings. 
  
 “Revolving Loan” means any Borrowing under the Revolving Credit Facility in accordance with Section 3.2. 
  
 “Revolving Notes” means, collectively, the promissory notes of the Borrower evidencing Revolving Loans executed and delivered to the Revolving Lenders as
provided in Section 3.4 substantially in the form of Exhibit A-1, with appropriate insertions as to amounts, dates and names of the Revolving Lenders, including any amendments and restatements thereof. 
  
 “S&P” means Standard & Poor’s Ratings Services, a division of The
McGraw-Hill Companies, Inc. and any successor thereto. 
  
 “Sarbanes-Oxley” means the Sarbanes-Oxley Act of 2002. 
  
 “SEC” means the Securities and Exchange Commission, or any Governmental Authority succeeding to any of its principal functions. 
  
 “Second Amended Credit Agreement” shall have the meaning assigned to such term in the Recitals to this Agreement. 
  
 “Securities Laws” means the Securities Act of 1933, the Securities Exchange Act of
1934, Sarbanes-Oxley and the applicable accounting and auditing principles, rules, standards and practices promulgated, approved or incorporated by the SEC or the Public Company Accounting Oversight Board, as each of the foregoing may be amended and
in effect on any applicable date hereunder. 
  
 “Security Agreement”
shall mean the Amended and Restated Pledge and Security Agreement made by the Borrower and the Subsidiary Guarantors in favor of the Administrative Agent simultaneously with the Second Amended Credit Agreement, as amended, modified or supplemented
from time to time, including pursuant to that certain Reaffirmation and Amendment of Subsidiary Guaranty and Pledge and Security Agreement in substantially the form of Exhibit F, and including any joinders thereto executed pursuant to
Section 9.10. 
  
 “Security Documents” shall mean the
Security Agreement, the Mortgages and all other pledge or security agreements, mortgages, deeds of trust, assignments or other similar agreements or instruments executed and delivered by the Borrower or any of its Subsidiaries pursuant to
Section 9.10 or Section 9.11 or otherwise in connection with the transactions contemplated hereby, in each case as amended, modified or supplemented from time to time. 
  
 “Segment” means a portion of the Term Loan B (or all thereof) with respect to which
a particular interest rate is (or is proposed to be) applicable. 
  
 “Service
Agreement” shall mean any agreement or arrangement between the Borrower or any of its Subsidiaries and one or more Managed Practices, hospitals or hospital departments pursuant to which the Borrower or such Subsidiary agrees to provide or
arrange for comprehensive management, administrative and other non-medical support services to such Managed Practice or Practices in exchange for payment to the Borrower or such Subsidiary of a service, management or similar fee. 
  
 “Stated Amount” shall mean, with respect to any Letter of Credit at any time, the
aggregate amount available to be drawn thereunder at such time (regardless of whether any conditions for drawing could then be met). For purposes of computing the aggregate amount available to be 

  

 25 

 
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. 
  
 “Subordinated Indebtedness” shall have the meaning given to such term in Section 11.2. 
  
 “Subsidiary” shall mean, with respect to any Person, any corporation or other Person of which more than fifty percent (50%) of the outstanding Capital
Stock having ordinary voting power to elect a majority of the board of directors, board of managers or other governing body of such Person, is at the time, directly or indirectly, owned or controlled by such Person and one or more of its other
Subsidiaries or a combination thereof (irrespective of whether, at the time, securities of any other class or classes of any such corporation or other Person shall or might have voting power by reason of the happening of any contingency). When used
without reference to a parent entity, the term “Subsidiary” shall be deemed to refer to a Subsidiary of the Borrower, except that unless otherwise indicated, the term “Subsidiary” shall not include any Excluded Subsidiary.

  
 “Subsidiary Guarantor” shall mean any Subsidiary of the Borrower
that is a guarantor under the Subsidiary Guaranty and has granted to the Administrative Agent a Lien upon and security interest in its personal property assets pursuant to the Security Agreement; provided that no Excluded Subsidiary shall be
a Subsidiary Guarantor. 
  
 “Subsidiary Guaranty” shall mean a
Subsidiary Guaranty made by the Subsidiary Guarantors in favor of the Administrative Agent and the Lenders, as amended, restated, reaffirmed or supplemented from time to time, including pursuant to that certain Reaffirmation and Amendment of
Subsidiary Guaranty and Security Agreement in substantially the form of Exhibit F, as amended, modified or supplemented from time to time, and including any joinder thereto executed pursuant to Section 9.10. 
  
 “Subsidiary Securities” shall mean the Capital Stock of any Subsidiary, whether or
not constituting a “security” under Article 8 of the Uniform Commercial Code as in effect in any jurisdiction. 
  
 “Swing Line” shall mean the revolving line of credit established by Bank of America in favor of the Borrower pursuant to Section 3.8. 
  
 “Swing Line Lender” means Bank of America, in its capacity as Lender of Swing Line
Loans pursuant to Section 3.8. 
  
 “Swing Line Loans” means
loans made by Bank of America to the Borrower pursuant to Section 3.8. 
  
 “Swing Line Note” means the promissory note of the Borrower evidencing the Swing Line executed and delivered to Bank of America as provided in Section 3.4(d) substantially in the form of Exhibit A-2. 

 
 “Swing Line Outstandings” means, as of any date of determination, the aggregate
principal amount of all Swing Line Loans then outstanding. 
  
 “Swing Line
Sublimit” means $10,000,000.00 
  
 “Synthetic Lease Obligation”
shall mean 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 

  

 26 

 
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). 
  
 “Target” shall have the meaning given to such term in Section 9.9(b)(i). 
  
 “Term Loan A Prepayment” means the prepayment of all outstanding indebtedness under the Term Loan A Facility (as defined in the Third Amended Credit Agreement)
existing as of the Effective Date immediately prior to giving effect to this Agreement. 
  
 “Term Loan B” means the loan made pursuant to the Term Loan B Facility in accordance with Section 2.2. 
  
 “Term Loan B Commitment” means, with respect to each Term Loan B Lender, the obligation of such Lender to make the Term Loan B to the Borrower in a principal
amount equal to such Lender’s Applicable Commitment Percentage of the Total Term Loan B Commitment as set forth in Section 1.1(c). 
  
 “Term Loan B Facility” means the facility described in Section 2.2 providing for an advance of the Term Loan B to the Borrower by the Term Loan B
Lenders in the original principal amount of $100,000,000. 
  
 “Term Loan B
Lender” means each Lender that has a Term Loan B Commitment or, following termination of the Term Loan B Commitments, has Term Loan B Outstandings. 
  
 “Term Loan B Maturity Date” means, with respect to the Term Loan B Facility, December 16, 2012. 
  
 “Term Loan B Note” means a promissory note made by the Borrower in favor of a Term
Loan B Lender evidencing the portion of the Term Loan B made by such Term Loan B Lender, substantially in the form of Exhibit A-3. 
  
 “Term Loan B Outstandings” means, as of any date of determination, the aggregate principal amount of the Term Loan B then outstanding and all interest accrued
thereon. 
  
 “Term Loan B Termination Date” means the Term Loan B
Maturity Date or such earlier date of termination of the Term Loan B Commitments pursuant to Section 12.2. 
  
 “Termination Date” shall mean the Maturity Date or such earlier date of termination of the Revolving Credit Commitments pursuant to Section 3.5 or
Section 12.2. 
  
 “Termination Event” shall mean: (i) a
“Reportable Event” described in Section 4043 of ERISA and the regulations issued thereunder (unless the notice requirement has been waived by applicable regulation); or (ii) the withdrawal of the Borrower or any ERISA Affiliate
from a Pension Plan during a plan year in which it was a “substantial employer” as defined in Section 4001(a)(2) of ERISA or was deemed such under Section 4062(e) of ERISA; or (iii) the termination of a Pension Plan, the
filing of a notice of intent to terminate a Pension Plan or the treatment of a Pension Plan amendment as a termination under Section 4041 of ERISA; or (iv) the institution of proceedings to terminate a Pension Plan by the PBGC; or
(v) any other event or condition which would constitute grounds under Section 4042(a) of ERISA for the termination of, or the appointment of a trustee to administer, any Pension Plan; or (vi) the partial or complete withdrawal of the
Borrower or any ERISA Affiliate from a Multiemployer Plan; or (vii) the imposition of a Lien pursuant to Section 412 of the Code or Section 302 of ERISA; or (viii) any event or condition which results in the reorganization or
insolvency of a Multiemployer Plan 

  

 27 

 
under Section 4241 or Section 4245 of ERISA, respectively; or (ix) any event or condition which results in the termination of a Multiemployer
Plan under Section 4041A of ERISA or the institution by the PBGC of proceedings to terminate a Multiemployer Plan under Section 4042 of ERISA; or (x) any event or condition with respect to any Employee Benefit Plan which is regulated
by any Foreign Benefit Law that results in the termination of such Employee Benefit Plan or the revocation of such Employee Benefit Plan’s authority to operate under the applicable Foreign Benefit Law. 
  
 “Third Amended Credit Agreement” shall have the meaning assigned to such term in
the recitals of this Agreement. 
  
 “Third Party Payor Arrangements”
shall mean any and all arrangements with Medicare, Medicaid, CHAMPUS and any other Governmental Authority or quasi-public agency, Blue Cross, Blue Shield, any managed care plans and organizations including, without limitation, health maintenance
organizations and preferred provider organizations, private commercial insurance companies and any similar third party arrangements, plans or programs for payment or reimbursement in connection with health care services, products or supplies.

  
 “Title Policy” shall mean, with respect to the Mortgaged Property,
the mortgagee title insurance policy (together with such endorsements as the Administrative Agent may reasonably require) issued to the Administrative Agent in respect of such Mortgaged Property by an insurer selected by the Borrower and reasonably
acceptable to the Administrative Agent, insuring the Lien of the Administrative Agent on the Mortgaged Property to be duly perfected and of first priority, subject only to exceptions as shall be acceptable to the Administrative Agent. 
  
 “Total Revolving Credit Commitment” shall mean a principal amount equal to
$140,000,000, as reduced or increased from time to time in accordance with Section 3.5 or 3.6. 
  
 “Total Term Loan B Commitment” means an original principal amount equal to $100,000,000, as increased from time to time in accordance with
Section 2.5. 
  
 “Type” shall mean any type of Loan (i.e., a
Base Rate Loan or a LIBOR Loan). 
  
 “Unutilized Commitment” shall mean,
with respect to any Revolving Lender at any time, such Revolving Lender’s Revolving Credit Commitment at such time less the sum of (i) the aggregate principal amount of all Revolving Credit Outstandings made by such Revolving Lender
at such time and (ii) such Revolving Lender’s Letter of Credit Exposure at such time plus (iii) such Revolving Lender’s ratable share (based on its Applicable Commitment Percentage of the Total Revolving Credit Commitment)
of Swing Line Outstandings constituting its Participation therein. 
  
 “Wholly Owned” shall mean, with respect to any Subsidiary of any Person, that 100% of the outstanding Capital Stock of such Subsidiary is owned, directly or indirectly, by such Person. 
  
 1.3 Accounting Terms. Except as specifically provided otherwise in
this Agreement, all accounting terms used herein that are not specifically defined shall have the meanings customarily given them in accordance with GAAP. Notwithstanding anything to the contrary in this Agreement, for purposes of calculation of the
financial covenants set forth in Article X, all accounting determinations and computations hereunder shall be made in accordance with GAAP as in effect as of the date of this Agreement applied on a basis consistent with the application used
in preparing the most recent financial statements of the Borrower referred to in Section 8.11(a) (including the use of the equity method of accounting for investments in joint ventures 

  

 28 

 
and partnerships not constituting Subsidiaries). If at any time any change in GAAP would affect the computation of any financial ratio or requirement set
forth in any Credit 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. 
  
 1.4 Other Terms; Construction. Unless otherwise specified or unless the context otherwise requires, all references herein to sections, annexes,
schedules and exhibits are references to sections, annexes, schedules and exhibits in and to this Agreement, and all terms defined in this Agreement shall have the defined meanings when used in any other Credit Document or any certificate or other
document made or delivered pursuant hereto. All references herein to the Lenders or any of them shall be deemed to include the Issuing Lender unless specifically provided otherwise or unless the context otherwise requires. 
  
 1.5 Accounting for Derivatives. In making any computation or
determining any amount pursuant to Article 10 by reference to any item appearing on the balance sheet or other financial statement of the Borrower and its Subsidiaries, all adjustments to such computation or amount resulting from the
application of FASB 133 shall be disregarded. 
  
 1.6 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 application documents required by the Issuing Lender or other agreements or instrument entered into by the Issuing Lender and the Borrower in connection with the issuance of any Letter of
Credit 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. 
  
 1.7 Covenant Adjustments. 
  
 (a)
Covenant Acquisition Adjustments. Except as otherwise expressly provided herein, for purposes of calculating the Leverage Ratio and the Fixed Charge Coverage Ratio for any period (or a portion of a period) that includes the date of the
consummation of any Permitted Acquisition, references to “the Borrower and its Subsidiaries” shall include each acquired Person, or lines of business, as applicable, the EBITDA of such acquired Person or line of business (such EBITDA to be
formulated on the basis of the definition of Consolidated EBITDA set forth herein, subject to such customary adjustments by the Borrower as to which the Required Lenders do not object) and the interest expense of such acquired Person or line of
business, as if the Acquisition had been consummated on the first day of any such period of measurement. 
  

 29 

 (b) Covenant Disposition Adjustments. Except as otherwise expressly provided herein, for purposes
of calculating the Leverage Ratio and the Fixed Charge Coverage Ratio for any period (or a portion of a period) that includes the date of any Disposition of a Subsidiary or line of business, as applicable, Consolidated EBITDA and Consolidated
Interest Expense shall be determined on a historical pro forma basis to exclude the results of operations of and interest expense attributable to such Subsidiary or line of business, as applicable so disposed. 
  
 ARTICLE II 
  
 AMOUNT AND TERMS OF THE TERM LOAN B 
  
 2.1 Intentionally deleted. 
  
 2.2 Term Loan B. 
  
 (a) Funding. Subject to the terms and conditions of this Agreement,
each Term Loan B Lender severally agrees to make an advance of its Term Loan B Commitment to the Borrower on the Effective Date, and from the Effective Date to the Term Loan B Maturity Date, Convert and Continue Segments from time to time in
accordance with the terms hereof. The principal amount of each Segment of the Term Loan B outstanding hereunder from time to time shall bear interest and the Term Loan B shall be repayable as herein provided. No amount of the Term Loan B repaid or
prepaid by the Borrower may be reborrowed hereunder, and no subsequent advance under the Term Loan B Facility shall be allowed after the initial advance of the Term Loan B on the Effective Date. Segments of the Term Loan B may be Base Rate Segments
or LIBOR Segments at the Borrower’s election, as provided herein. 
  
 (b) Borrowing. Not later than 11:00 A.M. Charlotte time, on the Effective Date, each Term Loan B Lender shall, pursuant to the terms and subject to the conditions of this Agreement, make the amount of its Term Loan B Commitment
available by wire transfer to the Administrative Agent. Such wire transfer shall be directed to the Administrative Agent at the Administrative Agent’s office and shall be in the form of same day funds in Dollars. The amount so received by the
Administrative Agent shall, subject to the terms and conditions of this Agreement, including without limitation the satisfaction of all applicable conditions in Section 7.1, be made available to the Borrower by delivery of the proceeds
thereof as shall be directed by the Authorized Officer of the Borrower and reasonably acceptable to the Administrative Agent. The initial Borrowing of the Term Loan B may be a LIBOR Segment, a Base Rate Segment, or both; provided that
(i) notwithstanding anything to the contrary in Section 5.4 or otherwise, any LIBOR Segment that is a portion of the initial Borrowing of the Term Loan B, may, at the election of the Borrower, have an Interest Period beginning on
the date such LIBOR Segment is initially advanced, and ending on the last Business Day of December, 2005, and (ii) if the Borrower desires that any portion of the initial Borrowing of the Term Loan B is advanced as a LIBOR Segment, the
Administrative Agent shall make such Borrowing as a LIBOR Segment only if, not later than three Business Days prior to the date that is then anticipated to be the Effective Date, the Administrative Agent has received from the Borrower a Notice of
Borrowing with respect thereto, together with the Borrower’s written acknowledgement in form and substance satisfactory to the Administrative Agent that the provisions of Section 5.11 hereof shall apply to any failure by the
Borrower to borrow on the 

  

 30 

 
date set forth in such Notice of Borrowing any or all of the amounts specified in such Notice of Borrowing. 
  
 (c) Payment of Principal. The principal amount of the Term Loan B
shall be repaid in twenty-seven (27) consecutive quarterly installments and on the Term Loan B Maturity Date on the dates and in the amounts set forth below: 
  

				
	 Date

	  	Amount

	 March 31, 2006
	  	$	250,000.00
	 June 30, 2006
	  	$	250,000.00
	 September 30, 2006
	  	$	250,000.00
	 December 31, 2006
	  	$	250,000.00
	 March 31, 2007
	  	$	250,000.00
	 June 30, 2007
	  	$	250,000.00
	 September 30, 2007
	  	$	250,000.00
	 December 31, 2007
	  	$	250,000.00
	 March 31, 2008
	  	$	250,000.00
	 June 30, 2008
	  	$	250,000.00
	 September 30, 2008
	  	$	250,000.00
	 December 31, 2008
	  	$	250,000.00
	 March 31, 2009
	  	$	250,000.00
	 June 30, 2009
	  	$	250,000.00
	 September 30, 2009
	  	$	250,000.00
	 December 31, 2009
	  	$	250,000.00
	 March 31, 2010
	  	$	250,000.00
	 June 30, 2010
	  	$	250,000.00
	 September 30, 2010
	  	$	250,000.00
	 December 31, 2010
	  	$	250,000.00
	 March 31, 2011
	  	$	250,000.00
	 June 30, 2011
	  	$	250,000.00
	 September 30, 2011
	  	$	250,000.00
	 December 31, 2011
	  	$	250,000.00
	 March 31, 2012
	  	$	250,000.00
	 June 30, 2012
	  	$	250,000.00
	 September 30, 2012
	  	$	250,000.00
	 Term Loan B Maturity Date
	  	 
 
 	All remaining
principal
outstanding

  
 ; provided that
in the event the Borrower at any time increases the aggregate amount of the Term Loan B pursuant to Section 2.5, the amounts set forth above shall be adjusted pro rata for the aggregate amount of each such increase. 
  
 2.3 Prepayments. 
  
 (a) Voluntary Prepayments. The Borrower may prepay the Term Loan B, in
whole or in part from time to time on any Business Day, without penalty or premium, upon at least three (3) Business Days’ telephonic notice from an Authorized Officer (effective upon receipt) to the 

  

 31 

 
Administrative Agent prior to 10:30 A.M., which notice shall be irrevocable. The Authorized Officer shall provide the Administrative Agent written
confirmation of each such telephonic notice but failure to provide such confirmation shall not affect the validity of such telephonic notice. Any prepayment, whether of a Base Rate Segment or a LIBOR Segment, shall be made at a prepayment price
equal to (i) the amount of principal to be prepaid, plus (ii) all accrued and unpaid interest on the amount so prepaid, to the date of prepayment, plus any amounts due pursuant to Section 3.6(e). All prepayments
under this Section 2.3(a) shall be made in the minimum principal amount of $500,000, or, if greater, an integral multiple of $100,000 in excess thereof (or in the entire remaining principal balance of the Term Loan B), and all such
prepayments of principal shall be applied to installments of principal in inverse order of their maturities. 
  
 All payments of the Term Loan B shall be applied first to pay all Base Rate Segments before any LIBOR Segment is paid. The provisions of Section 3.6(e) shall apply to each payment or prepayment of a LIBOR
Loan made pursuant to this Section 2.3(a) on a day other than the last day of the Interest Period applicable thereto. 
  
 (b) Mandatory Prepayments. In addition to the required payments of principal of the Term Loan B set forth in Section 2.2(c), and any
optional payments of principal of the Term Loan B effected under Section 2.3(a) above, the Borrower shall make the following required prepayments of the Term Loan B, as provided below, each such payment to be made to the Administrative
Agent for the benefit of the Lenders within the time period and in the amounts specified below: 
  
 (i) The Borrower will prepay the Term Loan B Facility in an amount equal to 100% of the Net Cash Proceeds from any Asset Disposition (less
any taxes to the extent such taxes are paid) at the times and in the amounts described in the following sentence, and will deliver to the Administrative Agent, concurrently with such prepayment, a certificate, signed by a Financial Officer in form
and substance reasonably satisfactory to the Administrative Agent and setting forth the calculation of such Net Cash Proceeds. With respect to any Segment maturing during the ninety-day period following such Asset Disposition, the prepayment shall
be payable, in part, upon the maturity of each such Segment, in the order of the maturity thereof, until paid in full; provided, however, that in the event that at the end of such ninety day period the aggregate amount of such prepayment (the
“Prepaid Amount”) is less than 100% of the Net Cash Proceeds from such Asset Disposition (the “Required Amount”), the difference between the Required Amount and the Prepaid Amount shall be immediately due and payable; provided,
further, however, that at the election of the Administrative Agent or the Required Term Loan B Lenders, upon the occurrence of a Default or Event of Default which has not been cured within the applicable cure period, the entire prepayment amount
shall be immediately due and payable without regard to the preceding provisions. Notwithstanding the foregoing, if the aggregate of all Asset Dispositions made during any calendar year do not exceed $1,000,000, no prepayment shall be required with
respect to such Asset Disposition. 
  
 (ii) The
Borrower will prepay the Term Loan B Facility in an amount equal to 50% of the Net Cash Proceeds from any Equity Issuance and 100% of the Net Cash Proceeds from any Debt Issuance described in Section 11.2(v) at the times and in the

  

 32 

 
amounts described in the following sentence and will deliver to the Administrative Agent, concurrently with such prepayment, a certificate, signed by a
Financial Officer in form and substance reasonably satisfactory to the Administrative Agent and setting forth the calculation of such Net Cash Proceeds. With respect to any Segment maturing during the ninety-day period following such Equity Issuance
or Debt Issuance, the prepayment shall be payable, in part, upon the maturity of each such Segment, in the order of the maturity thereof, until paid in full; provided, however, that in the event that at the end of such ninety day period the
aggregate amount of such prepayment (the “Prepaid Amount”) is less than 100% of the Net Cash Proceeds from such Equity Issuance or Debt Issuance (the “Required Amount”), the difference between the Required Amount and the Prepaid
Amount shall be immediately due and payable; provided, further, however, that at the election of the Administrative Agent or the Required Term Loan B Lenders, upon the occurrence of a Default or Event of Default which has not been cured within the
applicable cure period, the entire prepayment amount shall be immediately due and payable without regard to the preceding provisions. Notwithstanding the foregoing, if the aggregate of all Equity Issuances made during any calendar year do not exceed
$5,000,000, no prepayment shall be required with respect to such Equity Issuances. 
  
 (iii) Not later than one hundred eighty (180) days (or such longer period as the Required Term Loan B Lenders may determine) after
its receipt of any proceeds of insurance, condemnation award or other compensation in respect of any Casualty Event (and in any event upon its determination not to repair or replace any property subject to such Casualty Event), the Borrower will
prepay the Term Loan B Facility in an amount equal to 100% of the Net Cash Proceeds from such Casualty Event (less any amounts theretofore applied to the repair or replacement of property subject to such Casualty Event) and will deliver to the
Administrative Agent, concurrently with such prepayment, a certificate signed by a Financial Officer, in form and substance reasonably satisfactory to the Administrative Agent, setting forth the calculation of such Net Cash Proceeds;
provided, however, (i) nothing in this paragraph shall be deemed to limit or otherwise affect any right of the Administrative Agent herein or in any of the other Credit Documents to receive and hold such proceeds as loss payee and
to disburse the same to the Borrower upon the terms hereof or thereof, or any obligation of the Borrower and each of its Subsidiaries herein or in any of the other Credit Documents to remit any such proceeds to the Administrative Agent upon its
receipt thereof, and (ii) any and all such proceeds received or held by the Administrative Agent or the Borrower or any of its Subsidiaries during the continuance of an Event of Default (regardless of any proposed or actual use thereof for
repair or replacement) shall be applied to prepay the Term Loan B Facility. 
  
 (iv) Intentionally deleted. 
  
 (v) Each year, beginning with the fiscal year ending December 31, 2006, the Borrower shall prepay the outstanding principal amount of the Term Loan B Facility in an amount equal to 50% of Excess Cash Flow for the
preceding fiscal year, at the times and in the amounts described in the following sentence and will deliver to the Administrative Agent, concurrently with the delivery of its Compliance Certificate with respect to such preceding fiscal year, a
certificate, signed by a Financial Officer in form and substance reasonably satisfactory to the Administrative Agent, setting forth the 

  

 33 

 
calculation of such Excess Cash Flow. With respect to any Segment maturing during the ninety-day period following date of delivery of the calculation of
Excess Cash Flow, the prepayment shall be payable, in part, upon the maturity of each such Segment, in the order of the maturity thereof, until paid in full; provided, however, that in the event that at the end of such ninety day period the
aggregate amount of such prepayment (the “Prepaid Amount”) is less than 50% of Excess Cash Flow (the “Required Amount”), the difference between the Required Amount and the Prepaid Amount shall be immediately due and payable;
provided, further, however, that at the election of the Administrative Agent or the Required Term Loan B Lenders, upon the occurrence of a Default or Event of Default which has not been cured within the applicable cure period, the entire prepayment
amount shall be immediately due and payable without regard to the preceding provisions; provided, further, however, that in the event that the Compliance Certificate referred to in the preceding sentence shall reflect a Leverage Ratio of less than
2.75 to 1.00 for such preceding fiscal year, no prepayment from Excess Cash Flow shall be required under this section. 
  
 The Administrative Agent shall give each Lender, within one (1) Business Day, telefacsimile notice of each notice of prepayment received by it and described in
clauses (i), (ii), (iii) and (iv) of this Section 2.3(b). All mandatory prepayments made pursuant to this Section 2.3(b) shall be applied to installments of principal in inverse order of their maturities (as
adjusted to give effect to any prior payments or prepayments of principal). Without limiting the foregoing, in the event that at any time a mandatory prepayment of the Term Loan B Facility would otherwise be required under this
Section 2.3 but the Term Loan B shall be or has been fully paid prior to the application of all funds otherwise required to be so utilized, such amount not utilized to prepay the Term Loan B Facility shall be applied to the prepayment of
Revolving Loans and the reduction of the Total Revolving Credit Commitment as provided in Section 3.6. 
  
 All payments of the Term Loan B shall be applied first to pay all Base Rate Segments before any LIBOR Segment is paid. The provisions of Section 3.6(e) shall
apply to each payment or prepayment of a LIBOR Loan made pursuant to this Section 2.3(b) on a day other than the last day of the Interest Period applicable thereto. 
  
 2.4 Notes. (a) The amount of the Term Loan B made by each Lender shall be evidenced by a Term Loan B Note
appropriately completed in substantially the form of Exhibit A-3. 
  
 (b) Each Term Loan B Note issued to a Term Loan B Lender shall (i) be executed by the Borrower, (ii) be payable to the order of such Term Loan B Lender, (iii) be dated as of the Effective Date (or, in
the case of a Term Loan B Note issued after the Effective Date, dated the effective date of the applicable Assignment and Assumption), (iv) be in a stated principal amount equal to the Term Loan B Outstanding allocable to such Lender,
(v) bear interest in accordance with the provisions of Section 5.1, as the same may be applicable from time to time to the Term Loan B made by such Term Loan B Lender, and (vi) be entitled to all of the benefits of this
Agreement and the other Credit Documents and subject to the provisions hereof and thereof. 
  
 (c) Each Lender will record on its internal records the amount and Type of each Loan made by it and each payment received by it in respect thereof and will, in the event of any transfer of any of its Notes, either
endorse on the reverse side thereof or on a schedule attached thereto (or any continuation thereof) the outstanding principal amount and Type of the Loans 

  

 34 

 
evidenced thereby as of the date of transfer or provide such information on a schedule to the Assignment and Assumption relating to such transfer;
provided, however, that the failure of any Lender to make any such recordation or provide any such information, or any error therein, shall not affect the Borrower’s obligations under this Agreement or the Notes. 
  
 2.5 Increase in Term Loan B. 
  
 (a) Request for Increase. Provided there exists no Default, upon
notice to the Administrative Agent (which shall promptly notify the Term Loan B Lenders), the Borrower may from time to time request an increase in the aggregate principal amount of the Term Loan B by an amount (for all such requests) not exceeding
$50,000,000; provided that (i) any such request for an increase shall be in a minimum amount of $10,000,000, and (ii) the Borrower may make a maximum of three such requests. At the time of sending such notice, the Borrower (in
consultation with the Administrative Agent) shall specify the time period within which each Term Loan B Lender is requested to respond (which shall in no event be less than ten Business Days from the date of delivery of such notice to the Term Loan
B Lenders). 
  
 (b) Lender Elections to Increase. Each Term
Loan B Lender shall notify the Administrative Agent within such time period whether or not it agrees to provide a portion of the requested increase of the Term Loan B and the amount of such requested increase it is willing to provide. Any Term Loan
B Lender not responding within such time period shall be deemed to have declined to provide a portion of the requested increase of the Term Loan B. 
  
 (c) Notification by Administrative Agent; Additional Term Loan B Lenders. The Administrative Agent shall notify the Borrower and each Term Loan B
Lender of the Term Loan B Lenders’ responses to each request made hereunder. To achieve the full amount of a requested increase and subject to the approval of the Administrative Agent (which approval shall not be unreasonably withheld), the
Borrower may also invite additional Eligible Assignees to become Term Loan B Lenders pursuant to a joinder agreement in form and substance satisfactory to the Administrative Agent and its counsel. 
  
 (d) Effective Date and Allocations. If the aggregate amount of the
Term Loan B is 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 increase. The Administrative Agent
shall promptly notify the Borrower and the Term Loan B Lenders of the final allocation of such increase and the Increase Effective Date. Upon satisfaction of the conditions precedent set forth in Section 2.5(e) below and subject to the
other terms and conditions for borrowing set forth in this Agreement, the entire amount of a requested increase in the Term Loan B will be advanced by the Term Loan B Lenders providing such increase no later than 11:00 A.M. Charlotte time on the
Increase Effective Date to the Administrative Agent, for further delivery to the Borrower, substantially in the manner described in Section 2.2 but substituting the Increase Effective Date for the Effective Date therein. 
  
 (e) Conditions to Effectiveness of Increase. As a condition precedent
to each such increase, the Borrower shall deliver to the Administrative Agent a certificate of the Borrower and each Subsidiary Guarantor dated as of the Increase Effective Date (in sufficient copies for each Term Loan B Lender) signed by such
Person (i) certifying and attaching the resolutions adopted 

  

 35 

 
by such Person 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 VIII and the other Credit 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 2.5, the representations and warranties contained in subsections (a) of
Section 8.11 shall be deemed to refer to the most recent statements furnished pursuant to clauses (a) and (b), respectively, of Section 9.1, and (B) no Default exists. The Borrower shall prepay any Segments of the
Term Loan B outstanding on the Increase Effective Date (and pay any additional amounts required pursuant to Section 5.11 to the extent necessary to keep the outstanding Segments of the Term Loan B ratable with any revised Applicable
Commitment Percentages arising from any nonratable increase in the Term Loan B under this Section). 
  
 (f) Conflicting Provisions. This Section shall supersede any provisions in Section 5.8 and 14.6 to the contrary. 
  
 ARTICLE III 
  
 AMOUNT AND TERMS OF THE REVOLVING LOANS 
  
 3.1 Revolving Credit Commitments. Each Revolving Lender severally
agrees, subject to and on the terms and conditions of this Agreement, to make Revolving Loans to the Borrower, from time to time on any Business Day during the period from and including the Effective Date to but not including the Termination Date,
in an aggregate principal amount at any time outstanding not greater than the excess, if any, of its Revolving Credit Commitment at such time over its Letter of Credit Exposure at such time, provided that no Borrowing of Revolving Loans shall
be made if, immediately after giving effect thereto, the sum of (x) the aggregate principal amount of Revolving Credit Outstandings at such time, (y) the Swing Line Outstandings at such time, and (z) the aggregate Letter of Credit
Exposure of all Revolving Lenders at such time would exceed the aggregate Revolving Credit Commitments of all Lenders at such time. Subject to and on the terms and conditions of this Agreement, the Borrower may borrow, repay and reborrow Revolving
Loans. 
  
 3.2 Borrowings. (a) The Revolving Loans
shall, at the option of the Borrower and subject to the terms and conditions of this Agreement, be either Base Rate Loans or LIBOR Loans, provided that all Revolving Loans comprising the same Borrowing shall, unless otherwise specifically
provided herein, be of the same Type. 
  
 (b) In order to make a
Borrowing (other than Borrowings involving continuations or Conversions of outstanding Revolving Loans which shall be made pursuant to Section 5.4), an Authorized Officer will give the Administrative Agent telephonic notice not later
than 11:00 a.m., Charlotte time, three (3) Business Days prior to each Borrowing to be comprised of LIBOR Loans and on the Business Day of each Borrowing to be comprised of Base Rate Loans, which notice shall be irrevocable. The Authorized
Officer shall provide the Administrative Agent written confirmation of each such telephonic notice but failure to provide such confirmation shall not affect the validity of such telephonic notice; provided, however, that requests for
the Borrowing of any Revolving Loans to be made on the Effective Date may, at the discretion of 

  

 36 

 
the Administrative Agent, be given later than the times specified hereinabove. Each such written notice (each, a “Notice of Borrowing”) shall be
given in the form of Exhibit B-1(a) and each Notice of Borrowing shall specify (1) the aggregate principal amount and initial Type of the Revolving Loans to be made pursuant to such Borrowing, (2) in the case of a Borrowing of LIBOR
Loans, the initial Interest Period to be applicable thereto, and (3) the requested date of such Borrowing (the “Borrowing Date”), which shall be a Business Day. Upon its receipt of a Notice of Borrowing, the Administrative Agent will
promptly notify each Revolving Lender of the proposed Borrowing. Notwithstanding anything to the contrary contained herein: 
  
 (i) the aggregate principal amount of each Borrowing comprised of Base Rate Loans other than a Borrowing (x) solely to repay a then
outstanding Swing Line Loan in accordance with Section 3.8(d), which may be in the amount of such Swing Line Loan or (y) solely to satisfy any Reimbursement Obligation under Section 4.4, which may be in the amount of
such Reimbursement Obligation, shall not be less than $500,000 or, if greater, an integral multiple of $100,000 in excess thereof (or, if less, in the amount of the aggregate Unutilized Commitments), and the aggregate principal amount of each
Borrowing comprised of LIBOR Loans shall not be less than $1,000,000 or, if greater, an integral multiple of $100,000 in excess thereof; 
  
 (ii) if the Borrower shall have failed to designate the Type of Revolving Loans comprising a Borrowing, the Borrower shall be deemed to
have requested a Borrowing comprised of Base Rate Loans; and 
  
 (iii) if the Borrower shall have failed to select the duration of the Interest Period to be applicable to any Borrowing of LIBOR Loans, then the Borrower shall be deemed to have selected an Interest Period with a
duration of one month. 
  
 (c) Not later than 1:00 p.m., Charlotte
time, on the requested Borrowing Date, each Revolving Lender will make available to the Administrative Agent at its office referred to in Section 14.5 (or at such other location as the Administrative Agent may designate) an amount, in
Dollars and in immediately available funds equal to the amount of the Revolving Loan to be made by such Revolving Lender. To the extent the Revolving Lenders have made such amounts available to the Administrative Agent as provided hereinabove, the
Administrative Agent will make the aggregate of such amounts available to the Borrower in accordance with Section 3.3(a) and in like funds as received by the Administrative Agent. 
  
 3.3 Disbursements; Funding Reliance; Domicile of Loans. (a) The
Borrower hereby authorizes the Administrative Agent to disburse the proceeds of each Borrowing in accordance with the terms of any written instructions from any of the Authorized Officers, provided that the Administrative Agent shall not be
obligated under any circumstances to forward amounts to any account not listed in an Account Designation Letter. The Borrower may at any time deliver to the Administrative Agent an Account Designation Letter listing any additional accounts or
deleting any accounts listed in a previous Account Designation Letter. 
  
 (b) Each Revolving Lender may, at its option, make and maintain any Revolving Loan at, to or for the account of any of its Lending Offices, provided that any exercise of such option shall not affect the obligation of the Borrower to
repay such Loan to or for the account of such Revolving Lender in accordance with the terms of this Agreement. 
  

 37 

 3.4 Notes. (a) The Revolving Loans made by each Revolving Lender shall be evidenced by a
Revolving Note appropriately completed in substantially the form of Exhibit A-1. Revolving Notes shall be issued in substitution of and replacement for the Prior Notes. 
  
 (b) Each Revolving Note issued to a Lender shall (i) be executed by the Borrower, (ii) be payable to the order of
such Revolving Lender, (iii) be dated as of the Effective Date (or, in the case of a Revolving Note issued after the Effective Date, dated the effective date of the applicable Assignment and Assumption), (iv) be in a stated principal
amount equal to such Revolving Lender’s Revolving Credit Commitment, (v) bear interest in accordance with the provisions of Section 5.1, as the same may be applicable from time to time to the Revolving Loans made by such
Revolving Lender, and (vi) be entitled to all of the benefits of this Agreement and the other Credit Documents and subject to the provisions hereof and thereof. 
  
 (c) Each Revolving Lender will record on its internal records the amount and Type of each Revolving Loan made by it and each
payment received by it in respect thereof and will, in the event of any transfer of any of its Revolving Notes, either endorse on the reverse side thereof or on a schedule attached thereto (or any continuation thereof) the outstanding principal
amount and Type of the Revolving Loans evidenced thereby as of the date of transfer or provide such information on a schedule to the Assignment and Assumption relating to such transfer; provided, however, that the failure of any
Revolving Lender to make any such recordation or provide any such information, or any error therein, shall not affect the Borrower’s obligations under this Agreement or the Revolving Notes. 
  
 (d) The Swing Line Outstandings shall be evidenced by a separate Swing Line
Note in the form of Exhibit A-2 payable to the order of the Bank of America in the amount of the Swing Line, which Swing Line Note shall be dated the Effective Date and shall be duly completed, executed and delivered by the Borrower. The
Swing Line Note shall be issued in substitution of and replacement for the Swing Line Note issued under the Third Amended Credit Agreement. 
  
 3.5 Termination and Reduction of Revolving Credit Commitments. (a) The Revolving Credit Commitments shall be automatically and permanently
terminated on the Termination Date. 
  
 (b) At any time and from
time to time after the date hereof, upon not less than five (5) Business Days’ prior written notice to the Administrative Agent, the Borrower may terminate in whole or reduce in part the aggregate Unutilized Commitments, provided
that any such partial reduction shall be in an aggregate amount of not less than $1,000,000 or, if greater, an integral multiple thereof. The amount of any termination or reduction made under this subsection (b) may not thereafter be
reinstated. 
  
 (c) Each reduction of the Revolving Credit
Commitments pursuant to this Section 3.5 shall be applied ratably among the Revolving Lenders according to their respective Revolving Credit Commitments. 
  
 3.6 Mandatory Payments and Prepayments. (a) Except to the extent due or paid sooner pursuant to the provisions
of this Agreement, the aggregate outstanding principal of the 

  

 38 

 
Revolving Loans and the Swing Line Loans shall be due and payable in full on the Maturity Date. 
  
 (b) In the event that, at any time, the sum of (x) the Revolving Credit Outstandings, (y) the aggregate principal
amount of all Swing Line Outstandings at such time, and (z) the aggregate Letter of Credit Exposure of all Revolving Lenders at such time shall exceed the aggregate Revolving Credit Commitments of all Revolving Lenders at such time (after
giving effect to any concurrent termination or reduction thereof), the Borrower will immediately prepay the outstanding principal amount of the Revolving Loans and Swing Line Loans in the amount of such excess; provided that, to the extent
such excess amount is greater than the aggregate principal amount of Revolving Loans and Swing Line Loans outstanding immediately prior to the application of such prepayment, the amount so prepaid shall be retained by the Administrative Agent and
held in the Cash Collateral Account as cover for Letter of Credit Exposure, as more particularly described in Section 4.8, and thereupon such cash shall be deemed to reduce the aggregate Letter of Credit Exposure by an equivalent amount.

  
 (c) In the event the Term Loan B has been fully repaid, the
Borrower will prepay the outstanding principal amount of the Revolving Credit Loans and the Swing Line Loans in the amounts and under the provisions set forth in Section 2.3(b) except that references therein to the Required Term Loan B
Lenders shall be deemed to mean the Required Revolving Lenders. 
  
 (d) Each prepayment of the Revolving Loans and the Swing Line Loans made pursuant to subsection (c) above shall be applied (i) first, to reduce the outstanding principal amount of the Revolving Loans and the Swing Line Loans, and
(ii) second, to the extent of any excess remaining after application as provided in clause (i) above, to pay any outstanding Reimbursement Obligations, and thereafter to cash collateralize Letter of Credit Exposure pursuant to
Section 4.8, and shall be applied first to prepay all Base Rate Loans before any LIBOR Loans are prepaid. Each payment or prepayment pursuant to the provisions of this Section shall be applied ratably among the Lenders holding the
Revolving Loans being prepaid, in proportion to the principal amount held by each. 
  
 (e) Each payment or prepayment of a LIBOR Loan (including any LIBOR Segment) made pursuant to the provisions of this Section 3.6 on a day other than the last day of the Interest Period applicable thereto
shall be made together with all amounts required under Section 5.11 to be paid as a consequence thereof; provided, however, at the request of the Borrower, any amount of any such prepayment of a LIBOR Loan shall be
deposited in a separate Prepayment Account (as defined below), provided, further, that the deposit of the amount of such prepayment in a Prepayment Account does not excuse, diminish or discharge the Borrower’s obligations to pay
in full at the end of the applicable Interest Period or at any other time interest is payable with respect to such LIBOR Loan to be prepaid, all interest payable. The Administrative Agent shall apply any cash deposited in the Prepayment Account to
prepay LIBOR Loans on the last day of the applicable Interest Period (or, at the direction of the Borrower, on any earlier date) until all outstanding Revolving Loans have been prepaid or until all the allocable cash on deposit in the Prepayment
Account has been exhausted. For purposes of this Agreement, the term “Prepayment Account” shall mean an account established by the Borrower with the Administrative Agent and over which the Administrative Agent shall have exclusive
dominion and control, including the exclusive right of withdrawal for application in accordance with this paragraph. The Administrative Agent will, at the request of the Borrower, invest amounts on 

  

 39 

 
deposit in the Prepayment Account in Cash Equivalents that mature prior to the last day of the applicable Interest Period of the LIBOR Loans to be prepaid;
provided, however, that (i) the Administrative Agent shall not be required to make any investment that, in its sole judgment, would require or cause the Administrative Agent to be in or would result in any violation of any law,
statute, rule or regulation, (ii) such Cash Equivalents shall be subjected to a first priority perfected security interest in favor of the Administrative Agent perfected by control or possession, as applicable under the Uniform Commercial Code
and (iii) if an Event of Default shall have occurred and be continuing, the selection of such investments shall be in the sole discretion of the Administrative Agent. The Borrower shall indemnify the Administrative Agent for any losses relating
to the investments so that the amount available to prepay LIBOR Loans on the last day of the applicable Interest Periods is not less than the amount that would have been available had no investments been made pursuant thereto. Other than any
interest or profits earned on such investments, the Prepayment Accounts shall not bear interest. Interest or profits, if any, on the investments in any Prepayment Account shall accumulate in such Prepayment Account. If the maturity of the Loans has
been accelerated pursuant to Section 12.2, the Administrative Agent may, in its sole discretion, apply all amounts on deposit in the Prepayment Account to satisfy any of the Obligations. The Borrower hereby pledges and assigns to the
Administrative Agent, for its benefit and the benefit of the Lenders, each Prepayment Account established hereunder to secure the Obligations. To the extent the prepayment would or does reduce the outstanding principal amount of the Revolving Loans
and the Swing Line Loans, such reduction shall be effective on the date the amount of the prepayment is deposited in the Prepayment Account. 
  
 3.7 Voluntary Prepayments. (a) Upon certain events, from time to time, the Borrower shall have the right to prepay the Revolving Loans and the
Swing Line Loans, in whole or in part, without premium or penalty (except as provided in clause (iii) below), upon at least three (3) Business Days’ telephonic notice from an Authorized Officer (effective upon receipt) to the
Administrative Agent prior to 10:30 A.M., which notice shall be irrevocable. The Authorized Officer shall provide the Administrative Agent written confirmation of each such telephonic notice but failure to provide such confirmation shall not affect
the validity of such telephonic notice, provided that (i) each partial prepayment shall be in an aggregate principal amount of not less than $500,000, or if greater, an integral multiple of $100,000 in excess thereof, (ii) no
partial prepayment of LIBOR Loans made pursuant to any single Borrowing shall reduce the aggregate outstanding principal amount of the remaining LIBOR Loans under such Borrowing to less than $1,000,000 or to any greater amount not an integral
multiple of $1,000,000 in excess thereof, and (iii) unless made together with all amounts required under Section 5.11 to be paid as a consequence of such prepayment, a prepayment of a LIBOR Loan may be made only on the last day of
the Interest Period applicable thereto. Each such notice shall specify the proposed date of such prepayment and the aggregate principal amount and Type of the Loans to be prepaid (and, in the case of LIBOR Loans, the Interest Period of the Borrowing
pursuant to which made), and shall be irrevocable and shall bind the Borrower to make such prepayment on the terms specified therein. Revolving Loans or Swing Line Loans prepaid pursuant to this subsection (a) may be reborrowed, subject to the
terms and conditions of this Agreement. 
  
 (b) Each prepayment of
the Revolving Loans or Swing Line Loans made pursuant to subsection (a) above shall be applied ratably among the Lenders holding the Revolving Loans 

  

 40 

 
being prepaid and Bank of America, as Lender of the Swing Line, in proportion to the principal amount held by each. 
  
 3.8 Swing Line. (a) Notwithstanding any other provision of this
Agreement to the contrary, in order to administer the Revolving Loans in an efficient manner and to minimize the transfer of funds between the Administrative Agent and the Revolving Lenders, Bank of America shall make available Swing Line Loans to
the Borrower prior to the Maturity Date. Bank of America shall not be obligated to make any Swing Line Loan pursuant hereto (i) if to the actual knowledge of Bank of America the Borrower is not in compliance with all the conditions to the
making of Revolving Loans set forth in this Agreement, (ii) if after giving effect to such Swing Line Loan, the Swing Line Outstandings exceed the Swing Line Sublimit, or (iii) if after giving effect to such Swing Line Loan, the sum of the
Swing Line Outstandings, Revolving Credit Outstandings at such time and the aggregate Letter of Credit Exposure of all Revolving Lenders at such time would exceed the aggregate Revolving Credit Commitments of all Revolving Lenders at such time. The
Borrower may, subject to the conditions set forth in the preceding sentence, borrow, repay and reborrow under this Section 3.8. Unless notified to the contrary by Bank of America, borrowings under the Swing Line shall be made in the
minimum amount of $100,000, or if greater, an integral multiple of $100,000 in excess thereof, upon written request by telefacsimile transmission, effective upon receipt, by an Authorized Officer of the Borrower made to Bank of America not later
than 12:30 P.M. on the Business Day of the requested borrowing. Each such Borrowing Notice shall specify the amount of the borrowing and the date of borrowing, and shall be in the form of Exhibit B-1(b), with appropriate insertions. Unless
notified to the contrary by Bank of America, each repayment of a Swing Line Loan shall be in an amount which is an integral multiple of $100,000 or the aggregate amount of all Swing Line Outstandings. 
  
 (b) The interest payable on Swing Line Loans is solely for the account of
Bank of America. Swing Line Loans shall bear interest solely at the Adjusted Base Rate, or to the extent provided in Section 5.1(b), the Default Rate. All accrued and unpaid interest on Swing Line Loans shall be payable on the dates and
in the manner provided in Section 5.1(c) with respect to interest on Base Rate Loans. The principal amount of each Swing Line Loan is payable in full on demand or such other earlier date as provided for herein. 
  
 (c) Upon the making of a Swing Line Loan, each Revolving Lender shall be
deemed to have purchased from Bank of America a Participation therein in an amount equal to the percentage of that Lender’s Revolving Credit Commitment of such Swing Line Loan. Upon demand made by Bank of America, each Lender shall, according
to the percentage of its Applicable Commitment Percentage of such Swing Line Loan, promptly provide to Bank of America its purchase price therefor in an amount equal to its Participation therein. Any advance made by a Revolving Lender pursuant to
demand of Bank of America of the purchase price of its Participation shall when made be deemed to be the funding by each Revolving Lender of the purchase price of its Participation in such Swing Line Loan. The obligation of each Revolving Lender to
so provide its purchase price to Bank of America shall be absolute and unconditional and shall not be affected by the occurrence of an Event of Default or any other occurrence or event. Simultaneously with the making of each such payment by a
Revolving Lender to Bank of America to fund such Revolving Lender’s purchase price of a Participation in such Swing Line Loan, such Revolving Lender shall, automatically and without any further action on the part of Bank of America or such
Revolving Lender, acquire a Participation in an amount equal to such 

  

 41 

 
payment (excluding the portion thereof constituting interest accrued prior to the date the Revolving Lender made its payment) in the related rights of Bank
of America with respect to obligations of the Borrower as to such Swing Line Loan. 
  
 (d) The Borrower, at its option and subject to the terms hereof, may request a Borrowing pursuant to Section 3.2 in an amount sufficient to repay Swing Line Outstandings on any date, and the Administrative
Agent shall provide from the proceeds of such Borrowing to Bank of America the amount necessary to repay such Swing Line Outstandings (which Bank of America shall then apply to such repayment) and credit any balance of the Borrowing in immediately
available funds in the manner directed by the Borrower pursuant to Section 3.2(b). The proceeds of such Borrowings shall be paid to Bank of America for application to the Swing Line Outstandings and the Revolving Lenders shall then be
deemed to have made Revolving Loans in the amount of such Borrowings. The Swing Line shall continue in effect until the Termination Date, at which time all Swing Line Outstandings and accrued interest thereon shall be due and payable in full. In the
event any Revolving Lender has funded the purchase price of its Participation in any Swing Line Loan as provided above, then at the time payment (in fully collected, immediately available funds) of any principal amount of, or interest on, such Swing
Line Loan, in whole or in part, is received by Bank of America or the Administrative Agent, Bank of America or the Administrative Agent (as applicable) shall promptly pay to such Revolving Lender an appropriate pro rata amount of such payment from
the Borrower. 
  
 ARTICLE IV 
  
 LETTERS OF CREDIT 
  
 4.1 Issuance. Subject to and upon the terms and conditions herein set
forth, so long as no Default or Event of Default has occurred and is continuing, the Issuing Lender will, in reliance on the agreements of the other Lenders set forth in this Article IV at any time and from time to time on and after the
Effective Date and prior to the earlier of (i) the seventh day prior to the Maturity Date and (ii) the Termination Date, and upon request by the Borrower in accordance with the provisions of Section 4.2, issue for the account
of the Borrower one or more irrevocable standby letters of credit denominated in Dollars and in a form customarily used or otherwise approved by the Issuing Lender (together with all amendments, modifications and supplements thereto, substitutions
therefor and renewals and restatements thereof, collectively, the “Letters of Credit”). The Stated Amount of each Letter of Credit shall not be less than $100,000 unless otherwise agreed to by the Issuing Lender. Notwithstanding the
foregoing: 
  
 (a) No Letter of Credit shall be issued the Stated
Amount upon issuance of which (i) when added to the aggregate Letter of Credit Exposure of the Lenders at such time, would exceed the Letter of Credit Sublimit or (ii) when added to the sum of (y) the aggregate Letter of Credit
Exposure of all Lenders at such time and (z) the aggregate principal amount of all Revolving Credit Outstandings and Swing Line Outstandings, would exceed the Total Revolving Credit Commitment at such time; 
  
 (b) No Letter of Credit shall be issued that by its terms expires later than
the seventh day prior to the Maturity Date or, in any event, more than one (1) year after its date of issuance; provided, however, that a Letter of Credit may, if requested by the Borrower, provide by its terms, and on terms
acceptable to the Issuing Lender, for renewal for successive periods of one 

  

 42 

 
year or less (but not beyond the seventh day prior to the Maturity Date), unless and until the Issuing Lender shall have delivered a notice of nonrenewal to
the beneficiary of such Letter of Credit; and 
  
 (c) The Issuing
Lender shall be under no obligation to issue any Letter of Credit if, at the time of such proposed issuance, (i) any order, judgment or decree of any Governmental Authority or arbitrator shall purport by its terms to enjoin or restrain the
Issuing Lender from issuing such Letter of Credit, or any Requirement of Law applicable to the Issuing Lender or any request or directive (whether or not having the force of law) from any Governmental Authority with jurisdiction over the Issuing
Lender shall prohibit, or request that the Issuing Lender refrain from, the issuance of letters of credit generally or such Letter of Credit in particular or shall impose upon the Issuing Lender with respect to such Letter of Credit any restriction
or reserve or capital requirement (for which the Issuing Lender is not otherwise compensated) not in effect on the Effective Date, or any unreimbursed loss, cost or expense that was not applicable, in effect or known to the Issuing Lender as of the
Effective Date and that the Issuing Lender in good faith deems material to it, or (ii) the Issuing Lender shall have actual knowledge, or shall have received notice from any Lender prior to the issuance of such Letter of Credit that one or more
of the conditions specified in Sections 7.1 (if applicable) or 7.2 are not then satisfied (or have not been waived in writing as required herein) or that the issuance of such Letter of Credit would violate the provisions of subsection
(a) above, or (iii) the issuance of such Letter of Credit would violate the policies of the Issuing Lender. 
  
 4.2 Notices. Whenever the Borrower desires the issuance of a Letter of Credit, the Borrower will give the Issuing Lender written notice with a copy
to the Administrative Agent not later than 11:00 a.m., Charlotte time, three (3) Business Days (or such shorter period as is acceptable to the Issuing Lender in any given case) prior to the requested date of issuance thereof. Each such notice
(each, a “Letter of Credit Notice”) shall be irrevocable, shall be given in the form of Exhibit B-3 and shall specify (i) the requested date of issuance, which shall be a Business Day, (ii) the requested Stated Amount and
expiry date of the Letter of Credit, and (iii) the name and address of the requested beneficiary or beneficiaries of the Letter of Credit. The Borrower will also complete any application procedures and documents required by the Issuing Lender
in connection with the issuance of any Letter of Credit. Upon its issuance of any Letter of Credit, the Issuing Lender will promptly notify the Administrative Agent of such issuance, and the Administrative Agent will give prompt notice thereof to
each Revolving Lender. 
  
 4.3 Participations. Immediately
upon the issuance of any Letter of Credit, each Lender shall be deemed to have purchased from the Issuing Lender a Participation therein in an amount equal such Revolving Lender’s Applicable Commitment Percentage of the Total Revolving Credit
Commitment in such Letter of Credit, each drawing made thereunder and the obligations of the Borrower under this Agreement with respect thereto and any Collateral or other security therefor or guaranty pertaining thereto; provided,
however, that the fee relating to Letters of Credit described in Section 5.2(c) shall be payable directly to the Issuing Lender as provided therein, and the Revolving Lenders shall have no right to receive any portion thereof.
Upon any change in the Revolving Credit Commitments of any of the Revolving Lenders pursuant to Section 14.7(a), with respect to all outstanding Letters of Credit and Reimbursement Obligations there shall be an automatic adjustment to
the Participations pursuant to this Section 4.3 to reflect the new pro rata shares of the assigning Lender and the Assignee. 
  

 43 

 4.4 Reimbursement. The Borrower hereby agrees to reimburse the Issuing Lender by making payment to
the Administrative Agent, for the account of the Issuing Lender, in immediately available funds, for any payment made by the Issuing Lender under any Letter of Credit (each such amount so paid until reimbursed, together with interest thereon payable
as provided herein below, a “Reimbursement Obligation”) immediately after, and in any event within one (1) Business Day after its receipt of notice of, such payment (provided that any such Reimbursement Obligation shall be
deemed timely satisfied (but nevertheless subject to the payment of interest thereon as provided hereinbelow) if satisfied pursuant to a Borrowing of Revolving Loans or a Swing Line Loan made on or prior to the next Business Day following the date
of the Borrower’s receipt of notice of such payment), together with interest on the amount so paid by the Issuing Lender, to the extent not reimbursed prior to 1:00 p.m., Charlotte time, on the date of such payment or disbursement, for the
period from the date of the respective payment to the date the Reimbursement Obligation created thereby is satisfied, at the Adjusted Base Rate applicable to Loans as in effect from time to time during such period such interest also to be payable on
demand. The Issuing Lender will provide the Administrative Agent and the Borrower with prompt notice of any payment or disbursement made under any Letter of Credit, although the failure to give, or any delay in giving, any such notice shall not
release, diminish or otherwise affect the Borrower’s obligations under this Section or any other provision of this Agreement. The Administrative Agent will promptly pay to the Issuing Lender any such amounts received by it under this Section.

  
 4.5 Payment by Revolving Loans. In the event that the
Issuing Lender makes any payment under any Letter of Credit and the Borrower shall not have timely satisfied in full its Reimbursement Obligation to the Issuing Lender pursuant to Section 4.4, and to the extent that any amounts then held
in the Cash Collateral Account established pursuant to Section 4.8 shall be insufficient to satisfy such Reimbursement Obligation in full, the Administrative Agent will promptly notify each Lender of such failure. If the Administrative
Agent gives such notice prior to 11:00 a.m., Charlotte time, on any Business Day, each Revolving Lender will make available to the Administrative Agent, for the account of the Issuing Lender, its pro rata share (based on its Applicable Commitment
Percentage of the Total Revolving Credit Commitment) of the amount of such payment on such Business Day in immediately available funds. If the Administrative Agent gives such notice after 11:00 a.m., Charlotte time, on any Business Day, each such
Revolving Lender shall make its pro rata share of such amount available to the Administrative Agent on the next succeeding Business Day. If and to the extent any Revolving Lender shall not have so made its pro rata share of the amount of such
payment available to the Administrative Agent, such Revolving Lender agrees to pay to the Administrative Agent, for the account of the Issuing Lender, forthwith on demand such amount, together with interest thereon at the Federal Funds Rate for each
day from such date until the date such amount is paid to the Administrative Agent. The failure of any Revolving Lender to make available to the Administrative Agent its pro rata share of any payment under any Letter of Credit shall not relieve any
other Revolving Lender of its obligation hereunder to make available to the Administrative Agent its pro rata share of any payment under any Letter of Credit on the date required, as specified above, but no Lender shall be responsible for the
failure of any other Lender to make available to the Administrative Agent such other Revolving Lender’s pro rata share of any such payment. Each such payment by a Revolving Lender under this Section of its pro rata share of an amount paid by
the Issuing Lender shall constitute (x) if the conditions to making and obtaining Revolving Loans shall then be satisfied, a Revolving Loan by such Revolving Lender (the Borrower being 

  

 44 

 
deemed to have given a timely Notice of Borrowing therefor) and shall be treated as such for all purposes of this Agreement; provided that for
purposes of determining the aggregate Unutilized Commitments immediately prior to giving effect to the application of the proceeds of such Revolving Loans, the Reimbursement Obligation being satisfied thereby shall be deemed not to be outstanding at
such time, and (y) in all other circumstances, the funding by each Revolving Lender of the purchase price of its Participation in such Reimbursement Obligation. The obligation of each Revolving Lender to so provide its purchase price to the
Issuing Lender shall be absolute and unconditional and shall not be affected by the occurrence of an Event of Default or any other occurrence or event. Simultaneously with the making of each such payment by a Lender to the Issuing Lender to fund
such Revolving Lender’s purchase price of a Participation in such Letter of Credit, such Revolving Lender shall, automatically and without any further action on the part of the Issuing Lender or such Revolving Lender, acquire a Participation in
an amount equal to such payment (excluding the portion thereof constituting interest accrued prior to the date the Revolving Lender made its payment) in the related rights of the Issuing Lender with respect to obligations of the Borrower as to such
Reimbursement Obligation. 
  
 4.6 Payment to Lenders.
Whenever the Issuing Lender receives a payment in respect of a Reimbursement Obligation as to which the Administrative Agent has received, for the account of the Issuing Lender, any payments from the Revolving Lenders pursuant to
Section 4.5, the Administrative Agent will promptly pay to each Revolving Lender that has paid its pro rata share thereof, in immediately available funds, an amount equal to such Revolving Lender’s ratable share (based on the
proportionate amount funded by such Revolving Lender to the aggregate amount funded by all Lenders) of such Reimbursement Obligation. 
  
 4.7 Obligations Absolute. The Reimbursement Obligations of the Borrower, and the obligations of the Lenders under Section 4.5 to make
payments to the Administrative Agent, for the account of the Issuing Lender, with respect to Letters of Credit shall be irrevocable, shall remain in effect until the Issuing Lender shall have no further obligations to make any payments or
disbursements under any circumstances with respect to any Letter of Credit, and except to the extent resulting from any gross negligence or willful misconduct on the part of the Issuing Lender, shall be absolute and unconditional, shall not be
subject to counterclaim, setoff or other defense or any other qualification or exception whatsoever and shall be made in accordance with the terms and conditions of this Agreement under all circumstances, including without limitation, any of the
following circumstances: 
  
 (a) Any lack of validity or
enforceability of this Agreement, any of the other Credit Documents or any documents or instruments relating to any Letter of Credit; 
  
 (b) Any change in the time, manner or place of payment of, or in any other term of all or any of the Obligations in respect of any Letter of Credit or any
other amendment, modification or waiver of or any consent to departure from any Letter of Credit or any documents or instruments relating thereto in each case whether or not the Borrower has notice or knowledge thereof; 
  
 (c) The existence of any claim, setoff, defense or other right that the
Borrower may have at any time against a beneficiary named in a Letter of Credit, any transferee of any Letter of Credit (or any Person for whom any such transferee may be acting), the Administrative Agent, the Issuing Lender, any Revolving Lender or
other Person, whether in connection with this 

  

 45 

 
Agreement, any Letter of Credit, the transactions contemplated hereby or any unrelated transactions (including any underlying transaction between the
Borrower and the beneficiary named in any such Letter of Credit); 
  
 (d) Any draft, certificate or any other document presented under the 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
(provided that such draft, certificate or other document appears on its face to comply with the terms of such Letter of Credit), any errors, omissions, interruptions or delays in transmission or delivery of any messages, by mail, telecopier
or otherwise, or any errors in translation or in interpretation of technical terms; 
  
 (e) Any defense based upon the failure of any drawing under a Letter of Credit to conform to the terms of the Letter of Credit (provided that any draft, certificate or other document presented pursuant to such
Letter of Credit appears on its face to comply with the terms thereof), any nonapplication or misapplication by the beneficiary or any transferee of the proceeds of such drawing or any other act or omission of such beneficiary or transferee in
connection with such Letter of Credit; 
  
 (f) The exchange,
release, surrender or impairment of any Collateral or other security for the Obligations; 
  
 (g) The occurrence of any Default or Event of Default; or 
  
 (h) Any other circumstance or event whatsoever, including, without limitation, any other circumstance that might otherwise constitute a defense available to, or a discharge of, the Borrower or a guarantor. Any action
taken or omitted to be taken by the Issuing Lender under or in connection with any Letter of Credit, if taken or omitted in the absence of gross negligence or willful misconduct, shall be binding upon the Borrower and each Revolving Lender and shall
not create or result in any liability of the Issuing Lender to the Borrower or any Revolving Lender. It is expressly understood and agreed that for purposes of determining whether a wrongful payment under a Letter of Credit resulted from the Issuing
Lender’s gross negligence or willful misconduct, (i) the Issuing Lender’s acceptance of documents that appear on their face to comply with the terms of such Letter of Credit, without responsibility for further investigation,
regardless of any notice or information to the contrary, (ii) the Issuing Lender’s exclusive reliance on the documents presented to it under such Letter of Credit as to any and all matters set forth therein, including the amount of any
draft presented under such Letter of Credit, whether or not the amount due to the beneficiary thereunder equals the amount of such draft and whether or not any document presented pursuant to such Letter of Credit proves to be insufficient in any
respect (so long, as such document appears on its face to comply with the terns of such Letter of Credit) and whether or not any other statement or any other document presented pursuant to such Letter of Credit proves to be forged or invalid or any
statement therein proves to be inaccurate or untrue in any respect whatsoever, and (iii) any noncompliance in any immaterial respect of the documents presented under such Letter of Credit with the terms thereof shall, in each case, be deemed
not to constitute gross negligence or willful misconduct of the Issuing Lender. 
  
 4.8 Cash Collateral Account. At any time and from time to time, (i) after the occurrence and during the continuance of an Event of Default, the Administrative Agent, at the direction or with the consent of
the Required Revolving Lenders, may require the Borrower to 

  

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deliver to the Administrative Agent such additional amount of cash as is equal to the aggregate Stated Amount of all Letters of Credit at any time
outstanding (whether or not any beneficiary under any Letter of Credit shall have drawn or be entitled at such time to draw thereunder) and (ii) in the event of a prepayment under Section 3.6(b), or to the extent any amount of a
required prepayment under Section 3.6(c), 3.6(d) or 3.6(e) remains after prepayment of all outstanding Revolving Loans and Reimbursement Obligations, the Administrative Agent will retain such amount as may then be required
to be retained, such amounts in each case under clauses (i) and (ii) above to be held by the Administrative Agent in a cash collateral account (the “Cash Collateral Account”). The Borrower hereby grants to the Administrative
Agent, for the benefit of the Issuing Lender and the Revolving Lenders, a Lien upon and security interest in the Cash Collateral Account and all amounts held therein from time to time as security for Letter of Credit Exposure, and for application to
the Borrower’s Reimbursement Obligations as and when the same shall arise. The Administrative Agent shall have exclusive dominion and control, including the exclusive right of withdrawal, over such account. Other than any interest on the
investment of such amounts in Cash Equivalents, which investments shall be made at the direction of the Borrower (unless a Default or Event of Default shall have occurred and be continuing, in which case the determination as to investments shall be
made at the option and in the discretion of the Administrative Agent), amounts in the Cash Collateral Account shall not bear interest. Interest and profits, if any, on such investments shall accumulate in such account. In the event of a drawing, and
subsequent payment by the Issuing Lender, under any Letter of Credit at any time during which any amounts are held in the Cash Collateral Account, the Administrative Agent will deliver to the Issuing Lender an amount equal to the Reimbursement
Obligation created as a result of such payment (or, if the amounts so held are less than such Reimbursement Obligation, all of such amounts) to reimburse the Issuing Lender therefor. Any amounts remaining in the Cash Collateral Account after the
expiration of all Letters of Credit and reimbursement in full of the Issuing Lender for all of its Obligations thereunder shall be held by the Administrative Agent, for the benefit of the Borrower, to be applied against the Obligations in such order
and manner as the Administrative Agent may direct. If the Borrower is required to provide cash collateral pursuant to Section 3.6(b), such amount (to the extent not applied as aforesaid) shall be returned to the Borrower on demand,
provided that after giving effect to such return (i) the sum of (y) the aggregate principal amount of all Revolving Credit Outstandings at such time and (z) the aggregate Letter of Credit Exposure of all Revolving Lenders at
such time would not exceed the Total Revolving Credit Commitment at such time and (ii) no Default or Event of Default shall have occurred and be continuing at such time. If the Borrower is required to provide cash collateral as a result of an
Event of Default, such amount (to the extent not applied, as aforesaid) shall be returned to the Borrower within three (3) Business Days after all Events of Default have been cured or waived. 
  
 4.9 Effectiveness. Notwithstanding any termination of the Revolving
Credit Commitments or repayment of the Loans or both, the obligations of the Borrower under this Article shall remain in full force and effect until the Issuing Lender and the Revolving Lenders shall have no further obligations to make any payments
or disbursements under any circumstances with respect to any Letter of Credit. 
  

 47 

 ARTICLE V 
  

INTEREST, FEES, USE OF PROCEEDS 
  
 5.1 Interest. (a) The Borrower will pay interest in respect of the unpaid principal amount of each Segment of the Term Loan B, each Swing Line
Loan and each Revolving Loan, commencing on the first date of such Segment, Swing Line Loan or Revolving Loan until such Segment, Swing Line Loan or Revolving Loan, as the case may be, shall be repaid, (i) at the Adjusted Base Rate, as in
effect from time to time during such periods as such Segment of the Term Loan B, Swing Line Loan or Revolving Loan is a Base Rate Loan, and (ii) at the Adjusted LIBOR Rate, as in effect from time to time during such periods as such Segment of
the Term Loan B or Revolving Loan is a LIBOR Loan. 
  
 (b) Upon
the occurrence and during the continuance of an Event of Default as the result of failure by the Borrower to pay any principal of or interest on any Term Loan B, any Revolving Loan, any Swing Line Loan, any fees or other amount hereunder when due
(whether at maturity, pursuant to acceleration or otherwise), and (at the election of the Required Lenders) upon the occurrence and during the continuance of any other Event of Default, all outstanding principal amounts of the Term Loan B, Revolving
Loans and Swing Line Loans and, to the greatest extent permitted by law, all interest accrued on the Term Loan B, Revolving Loans and Swing Line Loans and all other accrued and outstanding fees and other amounts hereunder, shall bear interest at a
rate per annum equal to the interest rate applicable from time to time thereafter to such Term Loan B, Revolving Loans or Swing Line Loans (whether the Adjusted Base Rate or the Adjusted LIBOR Rate) plus 2% (or, in the case of fees and other
amounts, at the Adjusted Base Rate plus 2%)(the “Default Rate”), and, in each case, such default interest shall be payable on demand. To the greatest extent permitted by law, interest shall continue to accrue after the filing by or
against the Borrower of any petition seeking any relief in bankruptcy or under any law pertaining to insolvency or debtor relief. 
  
 (c) Accrued (and theretofore unpaid) interest shall be payable as follows: 
  
 (i) in respect of each Base Rate Loan (including any Base Rate Loan or Segment thereof paid or prepaid
pursuant to the provisions of Sections 2.2, 2.3 and 3.6, except as provided hereinbelow), in arrears on the last Business Day of each calendar quarter, beginning with the first such day to occur after the Effective Date;
provided, that in the event the Loans are repaid or prepaid in full and the Revolving Credit Commitments have been terminated, then accrued interest in respect of all Base Rate Loans shall be payable together with such repayment or prepayment
on the date thereof; 
  
 (ii) in respect of each
LIBOR Loan (including any LIBOR Loan or Segment thereof paid or prepaid pursuant to the provisions of Sections 2.2, 2.3 and 3.6, except as provided hereinbelow), in arrears (y) on the last Business Day of the Interest Period
applicable thereto (subject to the provisions of clause (iv) in Section 5.3) and (z) in addition, in the case of a LIBOR Loan with an Interest Period having a duration of six months, on the date three months after the first day
of such Interest Period; provided, that in the event all LIBOR Loans made pursuant to a single Borrowing are repaid or prepaid in full, then accrued interest in respect of such LIBOR Loans shall be payable together with such repayment or
prepayment on the date thereof; and 
  

 48 

 (iii) in respect of the Term Loan B, the Revolving Loans or the Swing Line Loan, at
maturity (whether pursuant to acceleration or otherwise) and, after maturity, on demand. 
  
 (d) Nothing contained in this Agreement or in any other Credit Document shall be deemed to establish or require the payment of interest to any Lender at a rate in excess of the maximum rate permitted by applicable
law. If the amount of interest payable for the account of any Lender on any interest payment date would exceed the maximum amount permitted by applicable law to be charged by such Lender, the amount of interest payable for its account on such,
interest payment date shall be automatically reduced to such maximum permissible amount. In the event of any such reduction affecting any Lender, if from time to time thereafter the amount of interest payable for the account of such Lender on any
interest payment date would be less than the maximum amount permitted by applicable law to be charged by such Lender, then the amount of interest payable for its account on such subsequent interest payment date shall be automatically increased to
such maximum permissible amount, provided that at no time shall the aggregate amount by which interest paid for the account of any Lender has been increased pursuant to this sentence exceed the aggregate amount by which interest paid for its
account has theretofore been reduced pursuant to the previous sentence. 
  
 (e) The Administrative Agent shall promptly notify the Borrower and the Lenders upon determining the interest rate for each Borrowing of LIBOR Loans after its receipt of the relevant Notice of Borrowing or Notice of Conversion/Continuation,
and upon each change in the Base Rate; provided, however, that the failure of the Administrative Agent to provide the Borrower or the Lenders with any such notice shall neither affect any obligations of the Borrower or the Lenders
hereunder nor result in any liability on the part of the Administrative Agent to the Borrower or any Lender. Each such determination (including each determination of the Reserve Requirement) shall, absent manifest error, be conclusive and binding on
all parties hereto. 
  
 5.2 Fees. The Borrower agrees to
pay: 
  
 (a) To the Administrative Agent, for the account of each
Revolving Lender, a commitment fee (the “Commitment Fee”) for each calendar quarter (or portion thereof) for the period from the date of this Agreement to the Termination Date, at a per annum rate equal to the Applicable Margin Percentage
for Commitment Fee in effect from time to time during such quarter (or portion thereof), on such Lender’s ratable share (based on the proportion that its Revolving Credit Commitment bears to the Total Revolving Credit Commitment) of the average
daily aggregate Unutilized Commitments (provided, however, that for purposes of the calculation of the fee payable under this Section 5.2(a) only, Swing Line Outstandings shall constitute part of the Unutilized Commitments), such fees to
be payable in arrears (i) on the last Business Day of each calendar quarter, beginning with the Effective Date, and (ii) on the Termination Date; 
  
 (b) To the Administrative Agent, for the account of each Revolving Lender, a letter of credit fee for each calendar quarter (or portion thereof) in
respect of all Letters of Credit outstanding during such quarter, at a per annum rate equal to the Applicable Margin Percentage in effect from time to time during such quarter for Revolving Loans that are maintained as LIBOR Loans, on such
Lender’s ratable share (based on the proportion that its Revolving Credit 

  

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Commitment bears to the Total Revolving Credit Commitment) of the daily average aggregate Stated Amount of such Letters of Credit, payable in arrears
(i) on the last Business Day of each calendar quarter, beginning with the first such day to occur after the Effective Date, and (ii) on the later of the Termination Date and the date of termination of the last outstanding Letter of Credit;

  
 (c) To the Issuing Lender, with respect to each Letter of
Credit a facing fee for each calendar quarter (or portion thereof) in respect of all Letters of Credit outstanding during such quarter, at a per annum rate of 0.25% on the daily aggregate Stated Amount of such Letters of Credit payable in arrears
(i) on the last Business Day of each calendar quarter, beginning with the first such day to occur after the Effective Date, and (ii) on the later of the Termination Date and the date of termination of the last outstanding Letter of Credit;

  
 (d) To the Issuing Lender, for its own account, such
commissions, insurance fees, transfer fees and other fees and charges incurred in connection with the issuance and administration of each Letter of Credit as are customarily charged from time to time by the Issuing Lender for the performance of such
services in connection with similar letters of credit, or as may be otherwise agreed to by the Issuing Lender, but without duplication of amounts payable under subsection (c) above; and 
  
 (e) To the Administrative Agent, for its own account, the annual
administrative fee described in the Fee Letter, on the terms, in the amount and at the times set forth therein. 
  
 5.3 Interest Periods. Concurrently with the giving of a Notice of Borrowing or Notice of Conversion/Continuation in respect of any Borrowing
comprised of Base Rate Loans to be converted into, or LIBOR Loans to be continued as, LIBOR Loans, the Borrower shall have the right to elect, pursuant to such notice, the interest period (each, an “Interest Period”) to be applicable to
such LIBOR Loans, which Interest Period shall, at the option of the Borrower, be a one, two, three or six-month period; provided, however, that: 
  

(i) with respect to Revolving Loans, all LIBOR Loans comprising a single Borrowing shall at all times have the same Interest Period;

  
 (ii) the initial Interest Period for any
LIBOR Loan shall commence on the date of the Borrowing of such LIBOR Loan (including the date of any continuation of, or conversion into, such LIBOR Loan), and each successive Interest Period applicable to such LIBOR Loan shall commence on the day
on which the next preceding Interest Period applicable thereto expires; 
  
 (iii) LIBOR Loans may not be outstanding under more than ten (10) separate Interest Periods at any one time (for which purpose Interest Periods shall be deemed to be separate even if they are coterminous);

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

 50 

 (v) no Interest Period may be selected that would end after a scheduled date for
repayment of principal of the Loans occurring on or after the first day of such Interest Period unless, immediately after giving effect to such selection, the aggregate principal amount of Loans subject to such repayment that are Base Rate Loans or
that have Interest Periods expiring on or before such principal repayment date equals or exceeds the principal amount required to be paid on such principal repayment date; 
  
 (vi) the Borrower may not select any Interest Period that begins prior to the third Business Day after the
Effective Date or that expires after the Maturity Date; and 
  
 (vii) if any Interest Period begins on a day for which there is no numerically corresponding day in the calendar month during which such Interest Period would otherwise expire, such Interest Period shall expire on the
last Business Day of such calendar month. 
  
 5.4 Conversions
and Continuations. (a) The Borrower shall have the right, on any Business Day occurring on or after the Effective Date, to elect (i) to convert all or a portion of the outstanding principal amount of any Base Rate Loans into LIBOR
Loans, or to convert all or any portion of LIBOR Loans the Interest Periods for which end on the same day into Base Rate Loans, or (ii) upon the expiration of any Interest Period, to continue all or a portion of the outstanding principal amount
of any LIBOR Loans the Interest Periods for which end on the same day for an additional Interest Period, provided that (x) any such conversion of LIBOR Loans into Base Rate Loans shall involve an aggregate principal amount of not less
than $500,000 or, if greater, an integral multiple of $100,000 in excess thereof; any such conversion of Base Rate Loans into, or continuation of, LIBOR Loans shall involve an aggregate principal amount of not less than $1,000,000 or, if greater, an
integral multiple of $1,000,000 in excess thereof; and no partial conversion of LIBOR Loans made pursuant to a single Borrowing shall reduce the outstanding principal amount of such LIBOR Loans to less than $1,000,000 or to any greater amount not an
integral multiple of $1,000,000 in excess thereof, (y) except as otherwise provided in Section 5.9(d), LIBOR Loans may be converted into Base Rate Loans only on the last day of the Interest Period applicable thereto (and, in any
event, if a LIBOR Loan is converted into a Base Rate Loan on any day other than the last day of the Interest Period applicable thereto, the Borrower will pay, upon such conversion, all amounts required under Section 5.11 to be paid as a
consequence thereof), and (z) no conversion of Base Rate Loans into LIBOR Loans or continuation of LIBOR Loans shall be permitted during the continuance of a Default or Event of Default. 
  
 (b) The Borrower shall make each such election by giving the Administrative
Agent written notice not later than 11:00 a.m., Charlotte time, three (3) Business Days prior to the intended effective date of any conversion of Base Rate Loans into, or continuation of LIBOR Loans and on the same Business Day for any
conversion of LIBOR Loans into Base Rate Loans. Each such notice (each, a “Notice of Conversion/Continuation”) shall be irrevocable, shall be given in the form of Exhibit B-2 and shall specify (w) the Term Loan B Segment or
Revolving Loans subject to such election, (x) the date of such conversion or continuation (which shall be a Business Day), (y) in the case of a conversion into, or a continuation of, LIBOR Loans, the Interest Period to be applicable
thereto, and (z) the aggregate amount and Type of the Loans being converted or continued. Upon the receipt of a Notice of Conversion/Continuation, the Administrative Agent will promptly notify each Lender of the proposed conversion or 

  

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continuation. In the event that the Borrower shall fail to deliver a Notice of Conversion/Continuation as provided herein with respect to any outstanding
LIBOR Loans, such LIBOR Loans shall automatically be converted to Base Rate Loans upon the expiration of the then current Interest Period applicable thereto (unless repaid pursuant to the terms hereof). In the event the Borrower shall have failed to
select in a Notice of Conversion/Continuation the duration of the Interest Period to be applicable to any conversion into, or continuation of, LIBOR Loans, then the Borrower shall be deemed to have selected an Interest Period with a duration of one
month. 
  
 5.5 Method of Payments; Computations.
(a) All payments by the Borrower hereunder shall be made without setoff, counterclaim, recoupment or other defense in Dollars and in immediately available funds to the Administrative Agent for the account of the Lenders or other parties
entitled to such payment (except as otherwise expressly provided herein as to payments required to be made directly to the Issuing Lender, the Administrative Agent or the Lenders) at its office referred to in Section 14.5, prior to 12:00
noon, Charlotte time, on the date payment is due. Any payment made as required hereinabove, but after 12:00 noon, Charlotte time, shall be deemed to have been made on the next succeeding Business Day. If any payment falls due on a day that is not a
Business Day, then such due date shall be extended to the next succeeding Business Day, except that in the case of LIBOR Loans to which the applicable provisions of clause (iv) in Section 5.3 are applicable, such due date shall be
the next preceding Business Day) and such extension of time shall then be included in the computation of payment of interest, fees or other applicable amounts. 
  

(b) The Administrative Agent will distribute to the Lenders like amounts relating to payments made to the Administrative Agent for the account of the
Lenders as follows: (i) if the payment is received by 12:00 noon, Charlotte time, in immediately available funds, the Administrative Agent will make available to each relevant Lender on the same date, by wire transfer of immediately available
funds, such Lender’s ratable share of such payment (based on the percentage that the amount of the relevant payment owing to such Lender bears to the total amount of such payment owing to all of the relevant Lenders), and (ii) if such
payment is received after 12:00 noon, Charlotte time, or in other than immediately available funds, the Administrative Agent will make available to each such Lender its ratable share of such payment by wire transfer of immediately available funds on
the next succeeding Business Day (or in the case of uncollected funds as soon as practicable after collected). If the Administrative Agent shall not have made a required distribution to the appropriate Lenders as required hereinabove after receiving
a payment for the account of such Lenders, the Administrative Agent will pay to each such Lender, on demand, its ratable share of such payment with interest thereon at the Federal Funds Rate for each day from the date such amount was required to be
disbursed by the Administrative Agent until the date repaid to such Lender. The Administrative Agent will distribute to the Issuing Lender like amounts relating to payments made to the Administrative Agent for the account of the Issuing Lender in
the same manner, and subject to the same terms and conditions, as set forth hereinabove with respect to distributions of amounts to the Lenders. 
  
 (c) All computations of interest and fees hereunder (including computations of the Reserve Requirement) shall be made on the basis of a year consisting of
360 days and the actual number of days (including the first day, but excluding the last day) elapsed, except that calculation of the prime rate referred to in the definition of “Base Rate” herein shall be made on 

  

 52 

 
the basis of a year of 365/366 days and the actual number of days (including the first day, but excluding the last day) elapsed. 
  
 5.6 Recovery of Payments. (a) The Borrower agrees that to the
extent the Borrower makes a payment or payments to or for the account of the Administrative Agent, any Lender or the Issuing Lender, which payment or payments or any part thereof are subsequently invalidated, declared to be fraudulent or
preferential, set aside or required to be repaid to a trustee, receiver or any other party under any bankruptcy, insolvency or similar state or federal law, common law or equitable cause, or the recipient of any such payment elects to repay the same
in good faith settlement of any pending or threatened avoidance claim, then, to the extent of such payment or repayment, the Obligation intended to be satisfied shall be revived and continued in full force and effect as if such payment had not been
received. 
  
 (b) If any amounts distributed by the Administrative
Agent to any Lender are subsequently returned or repaid by the Administrative Agent to the Borrower or its representative or successor in interest whether by court order or by settlement approved by the Lender in question such Lender will, promptly
upon receipt of notice thereof from the Administrative Agent, pay the Administrative Agent such amount. If any such amounts are recovered by the Administrative Agent from the Borrower or its representative or successor in interest, the
Administrative Agent will redistribute such amounts to the Lenders on the same basis as such amounts were originally distributed. 
  
 5.7 Use of Proceeds. The proceeds of the Revolving Loans shall be used for working capital and general corporate purposes and in accordance with
the terms and provisions of this Agreement (including to finance Permitted Acquisitions in accordance with the terms and provisions of this Agreement, including, without limitation, the provisions set forth in Section 11.5). The proceeds
of the Term Loan B shall be used (i) first, to pay or reimburse reasonable transaction fees and expenses in connection with the closing of the transaction contemplated hereby, (ii) second, for the Term Loan A Prepayment, (iii) third,
to repay Revolving Loans existing as of the Effective Date immediately before giving effect to this Agreement, and (iv) thereafter, for working capital and general corporate purposes in accordance with the terms and provisions of this
Agreement. 
  
 5.8 Pro Rata Treatment. (a) All
fundings, continuations and conversions of Loans shall be made by the Lenders pro rata on the basis of their respective Term Loan B Commitment and Revolving Credit Commitments (in the case of the initial funding of Loans pursuant to Sections
2.2, 3.2 and 7.1) or on the basis of their respective outstanding Loans (in the case of continuations and conversions of Loans pursuant to Section 5.4, and additionally in all cases in the event the Term Loan B Commitments and
Revolving Credit Commitments have expired or have been terminated), as the case may be from time to time. All payments on account of principal of or interest on any Loans, fees or any other Obligations owing to or for the account of any one or more
Lenders shall be apportioned ratably among such Lenders in proportion to the amounts of such principal, interest, fees or other Obligations owed to them respectively. 
  
 (b) Each Lender agrees that if it shall receive any amount hereunder (whether by voluntary payment, realization upon
security, exercise of the right of setoff or banker’s lien, counterclaim or cross action, or otherwise, other than pursuant to Section 14.7) applicable to the payment of any of the Obligations (other than any Hedge Agreement) that
exceeds its ratable 

  

 53 

 
share (according to the proportion of (i) the amount of such Obligations (other than any Hedge Agreement) due and payable to such Lender at such time to
(ii) the aggregate amount of such Obligations (other than any Hedge Agreement) due and payable to all Lenders at such time) of payments on account of such Obligations (other than any Hedge Agreement) then or therewith obtained by all the
Lenders to which such payments are required to have been made, such Lender shall forthwith purchase from the other Lenders such participations in such Obligations (other than any Hedge Agreement) as shall be necessary to cause such purchasing Lender
to share the excess payment or other recovery ratably with each of them; provided, however, that if all or any portion of such excess payment is thereafter recovered from such purchasing Lender, such purchase from each such other
Lender shall be rescinded and each such other Lender shall repay to the purchasing Lender the purchase price to the extent of such recovery, together with an amount equal to such other Lender’s ratable share (according to the proportion of
(i) the amount of such other Lender’s required repayment to (ii) the total amount so recovered from the purchasing Lender) of any interest or other amount paid or payable by the purchasing Lender in respect of the total amount so
recovered. The Borrower agrees that any Lender so purchasing a participation from another Lender pursuant to the provisions of this subsection may, to the fullest extent permitted by law, exercise any and all rights of payment (including, without
limitation, setoff, banker’s lien or counterclaim) with respect to such participation as fully as if such participant were a direct creditor of the Borrower in the amount of such participation. If under any applicable bankruptcy, insolvency or
similar law, any Lender receives a secured claim in lieu of a setoff to which this subsection applies, such Lender shall, to the extent practicable exercise its rights in respect of such secured claim in a manner consistent with the rights of the
Lenders entitled under this subsection to share in the benefits of any recovery on such secured claim. 
  
 5.9 Increased Costs; Change in Circumstances; Illegality; etc. (a) If, at any time after the date hereof and from time to time, the
introduction of or any change in any applicable law, rule or regulation or in the interpretation or administration thereof by any Governmental Authority charged with the interpretation or administration thereof, or compliance by any Lender with any
guideline or request from any such Governmental Authority (whether or not having the force of law), shall (i) subject such Lender to any tax or other charge, or change the basis of taxation of payments to such Lender, in respect of any of its
LIBOR Loans or any other amounts payable hereunder or its obligation to make, fund or maintain any LIBOR Loans (other than any change in the rate or basis of tae on the overall net income of such Lender or its applicable Lending Office),
(ii) impose, modify or deem applicable any reserve, special deposit or similar requirement (but excluding any reserves to the extent actually included within the Reserve Requirement in the calculation of the LIBOR Rate) against assets of,
deposits with or for the account of, or credit extended by, such Lender or its applicable Lending Office, or (iii) impose on such Lender or its applicable Lending Office any other condition, and the result of any of the foregoing shall be to
increase the cost to such Lender of making or maintaining any LIBOR Loans or issuing or participating in Letters of Credit or to reduce the amount of any sum received or receivable by such Lender hereunder (including in respect of Letters of
Credit), the Borrower will, promptly upon demand therefor by such Lender, pay to such Lender such additional amounts as- shall compensate such Lender for such increase in costs or reduction in return. 
  
 (b) If, at any time after the date hereof and from time to time, any Lender
shall have reasonably determined that the introduction of or any change in any applicable law, rule or regulation regarding capital adequacy or in the interpretation or administration thereof by any 

  

 54 

 
Governmental Authority charged with the interpretation or administration thereof, or compliance by such Lender with any guideline or request from any such
Governmental Authority (whether or not having the force of law) relating thereto, has or would have the effect as a consequence of such Lender’s Term Loan B Commitment, Revolving Credit Commitment, Loans or issuance of or Participations in
Letters of Credit hereunder, of reducing the rate of return on the capital of such Lender or any Person controlling such Lender to a level below that which such Lender or controlling Person could have achieved but for such introduction, change or
compliance (taking into account such Lender’s or controlling Person’s policies with respect to capital adequacy), the Borrower will, promptly upon demand therefor by such Lender therefor pay to such Lender such additional amounts as will
compensate such Lender or controlling Person for such reduction in return. 
  
 (c) If, on or prior to the: first day of any Interest Period, (y) the Administrative Agent shall have reasonably determined that adequate and reasonable means does not exist for ascertaining the applicable LIBOR
Rate for such Interest Period or (z) the Administrative Agent shall have received written notice from the Required Lenders of their reasonable determination that the rate of interest referred to in the definition of “LIBOR Rate” upon
the basis of which the Adjusted LIBOR Rate for LIBOR Loans for such Interest Period is to be determined will not adequately and fairly reflect the cost to such Lenders of making or maintaining LIBOR Loans during such Interest Period, the
Administrative Agent will forthwith so notify the Borrower and the Lenders. Upon such notice (i) all then outstanding LIBOR Loans shall automatically, on the expiration date of the respective Interest Periods applicable thereto (unless then
repaid in full), be converted into Base Rate Loans, (ii) the obligation of the Lenders to, make, to convert Base Rate Loans into, or to continue LIBOR Loans shall be suspended (including pursuant to the Borrowing to which such Interest Period
applies), and (iii) any Notice of Borrowing or Notice of Conversion/Continuation given at any time thereafter with respect to LIBOR Loans shall be deemed to be a request for Base Rate Loans, in each case until the circumstances giving rise to
such suspension no longer exist (and the Required Lenders, if making such determination, shall have so notified the Administrative Agent), and the Administrative Agent shall promptly notify the Borrower and the Lenders of the same. 
  
 (d) Notwithstanding any other provision in this Agreement, if, at any time
after the date hereof and from time to time, any Lender shall have determined in good faith that the introduction of or any change in any applicable law, rule or regulation or in the interpretation or administration thereof by any Governmental
Authority charged with the interpretation or administration thereof, or compliance with any guideline or request from any such Governmental Authority (whether or not having the force of law), has or would have the effect of making it unlawful for
such Lender to make or to continue to make or maintain LIBOR Loans, such Lender will forthwith so notify the Administrative Agent and the Borrower. Upon such notice, (i) each of such Lender’s then outstanding LIBOR Loans shall
automatically, on the expiration date of the respective Interest Period applicable thereto (or, to the extent any such LIBOR Loan may not lawfully be maintained as a LIBOR Loan until such expiration date, upon such notice), be converted into a Base
Rate Loan, (ii) the obligation of such Lender to make, to convert Base Rate Loans into, or to continue, LIBOR Loans shall be suspended (including pursuant to any Borrowing for which the Administrative Agent has received a Notice of Borrowing
but for which the Borrowing Date has not arrived), and (iii) any Notice of Borrowing or Notice of Conversion/Continuation given at any time thereafter with respect to LIBOR Loans shall, as to 

  

 55 

 
such Lender, be deemed to be a request for a Base Rate Loan, in each case until the circumstances giving rise to such suspension no longer exist and shall
promptly notify the Administrative Agent of the same, and the Administrative Agent shall in turn notify the Borrower. 
  
 (e) Determinations by the Administrative Agent or any Lender for purposes of this Section 5.9 of any increased costs, reduction in return,
market contingencies, illegality or any other matter shall, absent manifest error, be conclusive, provided that such determinations are made in good faith. No failure by the Administrative Agent or any Lender at any time to demand payment of
any amounts payable under, this Section 5.9 shall constitute a waiver of its right to demand payment of any additional amounts arising at any subsequent time. Nothing in this Section 5.9 shall require or be construed to
require the Borrower to pay any interest, fees, costs or other amounts in excess of that permitted by applicable law. 
  
 5.10 Taxes. (a) Any and all payments by the Borrower hereunder or under any Note shall be made, in accordance with the terms hereof and
thereof, free and clear of and without deduction for any and all present or future taxes, levies, imposts, deductions, charges or withholdings, and all liabilities with respect thereto, other than net income and franchise taxes imposed on the
Administrative Agent or any Lender by the United States or by the jurisdiction under the laws of which the Administrative Agent or such Lender or the Borrower or Subsidiary Guarantor, as the case may be, is organized or does business or in which its
principal office or (in the case of a Lender) its applicable Lending Office is located, or any political subdivision or taxing authority thereof (all such nonexcluded taxes, levies, imposts, deductions, charges, withholdings and liabilities being
hereinafter referred to as “Taxes”). If the Borrower shall be required by law to deduct any Taxes from or in respect of any sum payable hereunder or under any Note to the Administrative Agent or any Lender, (i) the sum payable shall
be increased as may be necessary so that after making all required’ deductions (including deductions applicable to additional sums payable under this Section), the Administrative Agent or such Lender, 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 will make such deductions, (iii) the Borrower will pay the full amount deducted to the relevant taxation authority or other authority in accordance
with applicable law and (iv) the Borrower will deliver to the Administrative Agent or such Lender, as the case may be, evidence of such payment. 
  
 (b) The Borrower will indemnify the Administrative Agent and each Lender for the full amount of Taxes (including, without limitation, any Taxes imposed by
any jurisdiction on amounts payable under this Section) paid by the Administrative Agent or such Lender, as the case may be, and any liability (including penalties, interest and expenses) arising therefrom or with respect thereto, whether or not
such Taxes were correctly or legally asserted. This indemnification shall be made within 30 days from the date the Administrative Agent or such Lender, as the case may be, makes written demand therefor. 
  
 (c) Each of the Administrative Agent and the Lenders agrees that if it
subsequently recovers, or receives a permanent net tax benefit with respect to, any amount of Taxes (i) previously paid by it and as to which it has been indemnified by or on behalf of the Borrower or (ii) previously deducted by the
Borrower (including, without limitation, any Taxes deducted from any additional sums payable under clause (i) of subsection (a) above), the Administrative Agent or such Lender, as the case may be, shall reimburse the Borrower to the extent
of the 

  

 56 

 
amount of any such recovery or permanent net tax benefit (but only to the extent of indemnity payments made, or additional amounts paid, by or on behalf of
the Borrower under this Section with respect to the Taxes giving rise to such recovery or tax benefit); provided, however, that the Borrower, upon the request of the Administrative Agent or such Lender, agrees to repay to the
Administrative Agent or such Lender, as the case may be, the amount paid over to the Borrower (together with any penalties, interest or other charges), in the event the Administrative Agent or such Lender is required to repay such amount to the
relevant taxing authority or other Governmental Authority. The determination by the Administrative Agent or any Lender of the amount of any such, recovery or permanent net tax benefit shall, in the absence of manifest error, be conclusive and
binding. 
  
 (d) Each Lender that is not a “United States
person” within the meaning of Section 7701(a)(30) of the Code (a “Foreign Lender”) shall deliver to the Administrative Agent, prior to receipt of any payment subject to withholding under the Code (or upon accepting an
assignment of an interest herein), two duly signed completed copies of either IRS Form W-8BEN or any successor thereto (relating to such Person and entitling it to an exemption from, or reduction of, withholding tax on all payments to be made to
such Person by the Borrower pursuant to this Agreement) or IRS Form W-8ECI or any successor thereto (relating to all payments to be made to such Person by the Borrower pursuant to this Agreement) or such other evidence satisfactory to the Borrower
and the Administrative Agent that such Person is entitled to an exemption from, or reduction of, U.S. withholding tax. Thereafter and from time to time, each such Person shall (i) promptly submit to the Administrative Agent such additional duly
completed and signed copies of one of such forms (or such successor forms as shall be adopted from time to time by the relevant United States taxing authorities) as may then be available under then current United States laws and regulations to
avoid, or such evidence as is satisfactory to the Borrower and the Administrative Agent of any available exemption from or reduction of, United States withholding taxes in respect of all payments to be made to such Person by the Borrower pursuant to
this Agreement, (ii) promptly notify the Administrative Agent of any change in circumstances which would modify or render invalid any claimed exemption or reduction, and (iii) take such steps as shall not be materially disadvantageous to
it, in the reasonable judgment of such Lender, and as may be reasonably necessary (including the re-designation of its Lending Office) to avoid any requirement of applicable Laws that the Borrower make any deduction or withholding for taxes from
amounts payable to such Person. If such Person fails to deliver the above forms or other documentation, then the Administrative Agent may withhold from any interest payment to such Person an amount equivalent to the applicable withholding tax
imposed by Sections 1441 and 1442 of the Code, without reduction. 
  
 (e) Upon the request of the Administrative Agent, each Lender that is a “United States person” within the meaning of Section 7701(a)(30) of the Code shall deliver to the Administrative Agent two duly signed completed copies
of IRS Form W-9. If such Lender fails to deliver such forms, then the Administrative Agent may withhold from any interest payment to such Lender an amount equivalent to the applicable back-up withholding tax imposed by the Code, without reduction.

  
 If any Governmental Authority asserts that the Administrative Agent did not
properly withhold or backup withhold, as the case may be, any tax or other amount from payments made to or for the account of any Lender, such Lender shall indemnify the Administrative Agent therefor, including all penalties and interest, any taxes
imposed by any jurisdiction on the amounts 

  

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payable to the Administrative Agent under this Section 5.10, and costs and expenses (including Attorney Costs) of the Administrative Agent. The
obligation of the Lenders under this Section shall survive the termination of the Aggregate Commitments, repayment of all Obligations and the resignation of the Administrative Agent. 
  
 5.11 Compensation. 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, assignment, termination 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), including any such continuation, conversion, payment, assignment, termination or prepayment resulting from the syndication of
the Term Loan B Facility within the 30 days following the Effective Date; or 
  
 (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; 
  
 including 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 5.11, each Lender shall be deemed to have funded each LIBOR Loan made by it at the LIBOR 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 LIBOR Loan was in fact so funded. 
  
 5.12 Deficiency Advances; Failure to Purchase Participations. No Lender shall be responsible for any default of any other Lender in respect of such
other Lender’s obligation to make its portion of the Term Loan B or any Revolving Loan hereunder or to fund its purchase of any Participation hereunder nor shall the Revolving Credit Commitment, Term Loan B Commitment or Letter of Credit
Exposure of any Lender hereunder be increased as a result of such default of any other Lender. Without limiting the generality of the foregoing or the provisions of Section 5.13, in the event any Lender shall fail to advance funds to the
Borrower as herein provided, the Administrative Agent may in its discretion, but shall not be obligated to, advance under the applicable Note in its favor as a Lender all or any portion of such amount or amounts (each, a “deficiency
advance”) and shall thereafter be entitled to payments of principal of and interest on such deficiency advance in the same manner and at the same interest rate or rates to which such other Lender would have been entitled had it made such
advance under its Note; provided that, (i) such defaulting Lender shall not be entitled to receive payments of principal, interest or fees with respect to such deficiency advance until such deficiency advance (together with interest thereon as
provided in clause (ii)) shall be paid by such Lender and (ii) upon payment to the Administrative Agent from such other Lender of the entire outstanding amount of each such deficiency advance, together with accrued and unpaid interest thereon,
from the most recent date or dates interest was paid to the Administrative Agent by a Borrower on 

  

 58 

 
each Loan comprising the deficiency advance at the Federal Funds Rate, then such payment shall be credited against the applicable Note of the Administrative
Agent in full payment of such deficiency advance and such Borrower shall be deemed to have borrowed the amount of such deficiency advance from such other Lender as of the most recent date or dates, as the case may be, upon which any payments of
interest were made by the Borrower thereon. In the event any Lender shall fail to fund its purchase of a Participation after notice from the Issuing Lender or Bank of America as the Swing Line lender, as applicable, such Lender shall pay to the
Issuing Lender or Bank of America as the Swing Line lender, as applicable, such amount on demand, together with interest at the Federal Funds Rate on the amount so due from the date of such notice to the date such purchase price is received by the
Issuing Lender or Bank of America as the Swing Line lender, as applicable. 
  
 5.13 Intraday Funding. (a) Unless the Borrower or any Revolving Lender has notified the Administrative Agent prior to the date any payment is required to be made by it to the Administrative Agent
hereunder, that the Borrower or such Revolving Lender, as the case may be, will not make such payment, the Administrative Agent may assume that the Borrower or such Revolving Lender, as the case may be, has timely made such payment and may (but
shall not be so required to), in reliance thereon, make available a corresponding amount to the Person entitled thereto. If and to the extent that such payment was not in fact made to the Administrative Agent in immediately available funds, then:

  
 (i) if the Borrower failed to make such
payment, each Revolving Lender shall forthwith on demand repay to the Administrative Agent the portion of such assumed payment that was made available to such Revolving Lender in immediately available funds, together with interest thereon in respect
of each day from and including the date such amount was made available by the Administrative Agent to such Revolving Lender to the date such amount is repaid to the Administrative Agent in immediately available funds, at the Federal Funds Rate from
time to time in effect; and 
  
 (ii) if any
Revolving Lender failed to make such payment, such Revolving Lender shall forthwith on demand pay to the Administrative Agent the amount thereof in immediately available funds, together with interest thereon for the period from the date such amount
was made available by the Administrative Agent to the Borrower to the date such amount is recovered by the Administrative Agent (the “Compensation Period”) at a rate per annum equal to the Federal Funds Rate from time to time in
effect. If such Revolving Lender does not pay such amount forthwith upon the Administrative Agent’s demand therefor, the Administrative Agent may make a demand therefor upon the Borrower, and the Borrower shall pay such amount to the
Administrative Agent, together with interest thereon for the Compensation Period at a rate per annum equal to the rate of interest applicable to the applicable Borrowing. Until the Administrative Agent shall recover such corresponding amount
together with interest thereon, such corresponding amount shall constitute a deficiency advance within the meaning of Section 5.12. Nothing herein shall be deemed to relieve any Revolving Lender from its obligation to fulfill its
commitments hereunder or to prejudice any rights which the Administrative Agent or the Borrower may have against any Revolving Lender as a result of any default by such Revolving Lender hereunder. 
  

 59 

 A notice of the Administrative Agent to the Borrower or any Revolving Lender with respect to any amount owing under this
subsection (a) shall be conclusive, absent manifest error. 
  
 (b) Unless the Administrative Agent has received, prior to 1:00 p.m., Charlotte time, on the relevant Borrowing Date, written notice from a Revolving Lender that such Revolving Lender will not make available to the Administrative Agent such
Revolving Lender’s ratable portion of the relevant Borrowing, the Administrative Agent may assume that such Revolving Lender has made such portion available to the Administrative Agent in immediately available funds on such Borrowing Date in
accordance with the applicable provisions of Section 3.2, and the Administrative Agent may, in reliance upon such assumption, but shall not be obligated to, make a corresponding amount available to the Borrower on such Borrowing Date. If
and, to the extent that such Revolving Lender shall not have made such portion available to the Administrative Agent and the Administrative Agent shall have made such corresponding amount available to the Borrower, such Lender, on the one hand, and
the Borrower, on the other, severally agree to pay to the Administrative Agent forthwith on demand such corresponding amount, together with interest thereon for each day from the date such amount is made available to the Borrower until the date such
amount is repaid to the Administrative Agent, (i) in the case of such Revolving Lender, at the Federal Funds Rate, and (ii) in the case of the Borrower, at the rate of interest applicable at such time to the Type of Revolving Loans
comprising such Borrowing, as determined under the provisions of Section 5.1. If such Revolving Lender shall repay to the Administrative Agent such corresponding amount such amount shall constitute such Lender’s Revolving Loan as
part of such Borrowing for purposes of this Agreement. The failure of any Revolving Lender to make any Revolving Loan required to be made by it as part of any Borrowing shall not relieve any other Revolving Lender of its obligation, if any,
hereunder to make its Revolving Loan as part of such Borrowing, but no Revolving Lender shall be responsible for the failure of any other Revolving Lender to make the Revolving Loan to be made by such other Revolving Lender as part of any Borrowing.

  
 ARTICLE VI 
  
 SECURITY 
  
 6.1 Security. As security for the full and timely payment and performance of all Obligations, the Borrower shall, and
shall cause all its Subsidiaries to, on or before the Effective Date, do or cause to be done all things necessary in the opinion of the Administrative Agent and its counsel to grant to the Administrative Agent or continue, in the case of a Lien in
existence on the Effective Date, for the benefit of the Administrative Agent and the Lenders a duly perfected first priority security interest in all Collateral subject to no prior Lien or other encumbrance or restriction transfer. Without limiting
the foregoing, the Borrower, on behalf of itself and each Subsidiary having rights in any Subsidiary Securities, acknowledges that the Borrower and each such Subsidiary (other than Excluded Subsidiaries) has delivered to the Administrative Agent,
(A) a Security Agreement which pledged to the Administrative Agent for the benefit of the Administrative Agent and the Lenders, all of the Subsidiary Securities of each Subsidiary, (B) if such Subsidiary Securities were in the form of
certificated securities, such certificated securities, together with undated stock powers or other appropriate transfer documents endorsed in blank pertaining thereto, (C) if such Subsidiary Securities did not constitute securities and the
Subsidiary has not elected to have such interests treated as securities under Article 8 of the Uniform Commercial Code, a control agreement from the registrar of such Subsidiary Securities 

  

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and (D) Uniform Commercial Code financing statements reflecting the Lien in favor of the Administrative Agent on such Subsidiary Securities, each in
form and substance acceptable to the Administrative Agent, and shall take such further action and deliver or cause to be delivered such further documents as required by the Security Documents or otherwise as the Administrative Agent may request to
effect the transactions contemplated by this Article VI. The Borrower shall, and shall cause each Subsidiary, to pledge to the Administrative Agent for the benefit of the Administrative Agent and the Lenders (and as appropriate to reaffirm
its prior pledge of) all of the Pledged Interests of any Subsidiary acquired or created after the Effective Date and to deliver to the Administrative Agent all of the documents and instruments in connection therewith as are required pursuant to the
terms of Section 9.10 and of the Security Documents. 
  
 6.2 Further Assurances. At the request of the Administrative Agent, the Borrower will or will cause all its Subsidiaries, as the case may be, to execute, by its duly authorized officers, alone or with the Administrative Agent, any
certificate, instrument, financing statement, control agreement, statement or document, or to procure any such certificate, instrument, statement or document, or to take such other action (and pay all connected costs) which the Administrative Agent
reasonably deems necessary from time to time to create, continue or preserve the liens and security interests in Collateral (and the perfection and priority thereof) of the Administrative Agent contemplated hereby and by the other Credit Documents
and specifically including all Collateral acquired by the Borrower or its Subsidiaries after the Effective Date. The Administrative Agent is hereby irrevocably authorized to execute and file or cause to be filed, without the signature of the
Borrower or any Subsidiary appearing thereon, all Uniform Commercial Code financing statements reflecting the Borrower or any Subsidiary as “debtor” and the Administrative Agent as “secured party”, and continuations thereof and
amendments thereto, as the Administrative Agent reasonably deems necessary or advisable to give effect to the transactions contemplated hereby and by the other Credit Documents. The Lien granted by the Security Agreement shall include all such
amounts advanced by the Administrative Agent in its reasonable discretion to protect the Collateral. 
  
 6.3 Information Regarding Collateral. The Borrower represents, warrants and covenants that (i) the chief executive office of the Borrower and
each other Person providing Collateral pursuant to a Security Document (each, a “Grantor”) at the Effective Date is located at the address or addresses specified on Schedule 6.3, and (ii) Schedule 6.3 contains a true and
complete list of (a) the exact legal name, jurisdiction of formation, and address of each Grantor and of each other Person that has effected any merger or consolidation with a Grantor or contributed or transferred to a Grantor any property
constituting Collateral at any time since January 1, 2000 (excluding Persons making sales in the ordinary course of their businesses to a Grantor of property constituting inventory in the hands of such seller), (b) the exact legal name,
jurisdiction of formation, and each location of the chief executive office of each Grantor at any time since January 1, 2000, (c) each location in which goods constituting Collateral are located or have been located since January 1,
2000, and (d) each trade name, trademark or other trade style used by any Grantor since January 1, 2000 and the purposes for which it was used. Borrower shall not change, and shall not permit any other Grantor to change, its name,
jurisdiction of formation (whether by reincorporation, merger or otherwise), the location of its chief executive office or any location specified in clause (c) of the immediately preceding sentence, or use or permit any other Grantor to use,
any additional trade name, trademark or 

  

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other trade style, except upon giving not less than thirty (30) days’ prior written notice to the Administrative Agent and taking or causing to be
taken all such action at Borrower’s or such other Grantor’s expense as may be reasonably requested by the Administrative Agent to perfect or maintain the perfection of the Lien of the Administrative Agent in Collateral. 
  
 ARTICLE VII 
  
 CONDITIONS OF BORROWING 
  
 7.1 Conditions to Effectiveness. This Agreement shall become effective
as of the Effective Date upon the execution and delivery of a counterpart signature page hereof by each of the parties hereto and receipt by the Administrative Agent and the Borrower of each such executed signature page, and satisfaction or
effective waiver of each of the conditions precedent set forth below. The obligation of each Lender to continue the Revolving Loans and each Term Loan B Lender to make the Term Loan B, as applicable, at or after the Effective Date in accordance with
the terms herein, the obligation of the Issuing Lender to issue Letters of Credit hereunder and the obligation of Bank of America to make any Swing Line Loan, is subject to the satisfaction of the following conditions precedent: 
  
 (a) The Administrative Agent shall have received the following, each dated as
of the Effective Date and, except for the Notes and any certificates or instruments required to be delivered under the Security Agreement, in sufficient copies for each Lender: 
  
 (i) executed counterparts of this Agreement, sufficient in number for distribution to the Administrative
Agent and each of the Lenders; 
  
 (ii) a
Revolving Note for each Lender, dated as of the Effective Date, in the amount of such Lender’s Revolving Credit Commitment, each duly completed in accordance with the relevant provisions of Section 3.4 and executed by the Borrower;

  
 (iii) the Swing Line Note for Bank of
America, dated as of the Effective Date, in the amount of the Swing Line, duly completed in accordance with the relevant provisions of Section 3.4(d) and executed by the Borrower; 
  
 (iv) a Term Loan B Note for each Term Loan B Lender, dated
as of the Effective Date, in the amount of such Lender’s Term Loan B Commitment, each duly completed in accordance with the relevant provisions of Section 2.4 and executed by the Borrower; 
  
 (v) a Reaffirmation and Amendment of Subsidiary Guaranty and
Pledge and Security Agreement, duly completed and executed by the Borrower and each Subsidiary Guarantor of the Borrower; 
  
 (vi) amendments or modifications to the existing Mortgages (which such Mortgages are listed on Schedule 7.1), in form and substance
reasonably satisfactory to the Administrative Agent, dated as of the Effective Date and duly executed by the Borrower, a Subsidiary Guarantor and the trustee thereunder, as applicable, together in 

  

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each case with the Mortgaged Property Support Documents and any additional title policy endorsements required by the Administrative Agent in its reasonable
discretion; 
  
 (vii) the favorable opinion of
Shumaker, Loop & Kendrick, LLP, counsel to the Borrower and the Guarantors, in substantially the form of Exhibit G, addressed to the Administrative Agent and the Lenders and addressing such matters as the Administrative Agent or any
Lender may reasonably request; 
  
 (viii) such
amendments to existing UCC financing statements or initial UCC financing statements as the Administrative Agent may deem necessary to create and/or maintain its perfected security interest in the Collateral; 
  
 (ix) all fees and expenses (including fees and expenses of
counsel) of the Administrative Agent and the Lenders required hereunder or under any other Credit Document to be paid on or prior to the date hereof, including but not limited to all fees due and payable to Bank of America, N.A., as Administrative
Agent, pursuant to the letter agreement dated as of November 1, 2005, relating to the Restatement; 
  
 (x) the Nine-Month Stub (as defined in Section 8.11(a)), the Projections, as defined and described in Sections 8.11
(a) and (c), all of which shall be in form and substance satisfactory to the Administrative Agent; 
  
 (xi) evidence in form and substance reasonably satisfactory to the Administrative Agent that all of the requirements of
Section 9.6 and those provisions of the Security Agreement and the Mortgages relating to the maintenance of insurance have been satisfied, including receipt of certificates of insurance evidencing the insurance coverages described on
Schedule 8.17 and all other or additional coverages required under the Security Agreement and naming the Administrative Agent as loss payee or additional insured, as its interests may appear; 
  
 (xii) a certificate, in substantially the form of Exhibit
H hereto, designating any and all Excluded Subsidiaries; 
  
 (xiii) UCC search results showing only Permitted Liens; 
  
 (xiv) an initial Notice of Borrowing with respect to the Term Loan B, indicating the use of the proceeds thereof to consummate the Term
Loan A Prepayment; and 
  
 (xv) such other
documents, certificates, opinions and instruments in connection with the transactions contemplated hereby as it shall have reasonably requested. 
  
 (b) The Administrative Agent shall have received a certificate, signed by the president, the Chief Executive Officer or the Chief Financial Officer, in
form and substance satisfactory to the Administrative Agent, certifying that (i) that all representations and warranties of the Borrower contained in this Agreement and the other Credit Documents are true and correct as of the Effective Date,
both immediately before and after giving effect to the consummation of the transactions contemplated hereby, the making of the Loans hereunder and the, application of the proceeds thereof, (ii) that no Default or Event of Default has occurred
and is continuing, both 

  

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immediately before and after giving effect to the consummation of the transactions contemplated hereby, the making of the Loans hereunder and the application
of the proceeds thereof, (iii) that both immediately before and after giving effect to the consummation of the transactions contemplated hereby, the making of the Loans hereunder and the application of the proceeds thereof, no Material Adverse
Change has occurred since December 31, 2004, and there exists no event, condition or state of facts that could reasonably be expected to result in a Material Adverse Change, and (iv) that all conditions to the continual extensions of
credit hereunder set forth in this Section 7.1 and in Section 7.2 have been satisfied as required hereunder. 
  
 (c) The Administrative Agent shall have received a certificate of the secretary or an assistant secretary of each of the Borrower and its Subsidiaries
(excluding all Excluded Subsidiaries), in form and substance satisfactory the Administrative Agent, certifying (i) that attached thereto is a true and complete copy of the articles or certificate of incorporation or articles or certificate of
organization and all amendments thereto of the Borrower or such Subsidiary of its jurisdiction of organization, and that the same has not been amended since the date of such certification, (ii) that attached thereto is a true and complete copy
of the bylaws, operating agreement, partnership agreement or other comparable document of the Borrower or such Subsidiary, as the case may be, as then in effect and as in effect at all times from the date on which the resolutions referred to in
clause (iii) below were adopted to and including the date of such certificate, and (iii) that attached thereto is a true and complete copy of resolutions adopted by the board of directors, managers, general partners or other comparable
governing body of the Borrower or such Subsidiary, as the case may be, authorizing the execution, delivery and performance of this Agreement and the other Credit Documents to which it is a party, and as to the incumbency and genuineness of the
signature of each officer of the Borrower or such Subsidiary, as the case may be, executing this Agreement or any of such other Credit Documents, and attaching all such copies of the documents described above. 
  
 (d) The Administrative Agent shall have received (i) a certificate as of
a recent date of the good standing of each of the Borrower and its Subsidiaries (excluding all Excluded Subsidiaries) under the laws of its jurisdiction of organization, from the Secretary of State (or comparable Governmental Authority) of such
jurisdiction, (ii) a certificate as of a recent date of the qualification of each of the Borrower and its Subsidiaries (excluding all Excluded Subsidiaries) to conduct business as a foreign corporation in each jurisdiction where it is so
qualified as of the Effective Date, from the Secretary of State (or comparable Governmental Authority) of such jurisdiction, and (iii) to the extent generally provided, a tax clearance, tax good standing or similar certificate or letter as to
each of the Borrower and its Subsidiaries, from the Department of Revenue (or comparable Governmental Authority) in each applicable jurisdiction under (i) and (ii) above. 
  
 (e) All legal matters, documentation, and corporate or other proceedings incident to the transactions contemplated hereby
shall be satisfactory in form and substance to the Administrative Agent; all approvals, permits and consents of any Governmental Authorities or other Persons required in connection with the execution and delivery of this Agreement and the other
Credit Documents and the consummation of the transactions contemplated hereby and thereby shall have been obtained, without the imposition of conditions that are not acceptable to the Administrative Agent, and all related filings, if any, shall have
been made, and all such approvals, permits, consents and filings shall be in full force and effect and the Administrative Agent shall have received such copies thereof as it shall have requested; all applicable waiting 

  

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periods shall have expired without any adverse action being taken by any Governmental Authority having jurisdiction; and no action, proceeding,
investigation, regulation or legislation shall have been instituted, threatened or proposed before, and no order, injunction or decree shall have been entered by, any court or other Governmental Authority, in each case to enjoin, restrain or
prohibit, to obtain substantial damages in respect of, or that is otherwise related to or arises out of, this Agreement, any of the other Credit Documents or the consummation of the transactions contemplated hereby or thereby, or that, in the
opinion of the Administrative Agent could reasonably be expected to have a Material Adverse Effect. 
  
 (f) Since December 31, 2004, both immediately before and after giving effect to the consummation of the transactions contemplated by this Agreement,
there shall not have occurred any Material Adverse Change or any event, condition or state of facts that could reasonably be expected to result in a Material Adverse Change. 
  
 7.2 Conditions of All Borrowings. The obligation of each Lender to make or continue any Loans hereunder, fund the
Term Loan B and make subsequent Revolving Loans, the obligation of Bank of America to make any Swing Line Loan and the obligation of the Issuing Lender to issue any Letters of Credit hereunder, is subject to the satisfaction of the following
conditions precedent on the relevant Borrowing Date or date of issuance: 
  
 (a) The Administrative Agent shall have received a Notice of Borrowing in accordance with Section 3.2(b), or (together with Bank of America) Section 3.8(a), or (together with the Issuing
Lender) a Letter of Credit Notice in accordance with Section 4.2, as applicable; 
  
 (b) Each of the representations and warranties (taking into account any materiality standards set forth therein) contained in Article VIII and in the other Credit Documents shall be true and correct on and as
of such Borrowing Date (including the Effective Date, in the case of the funding of the Term Loan B and any Borrowing made hereunder), date of such Swing Line Loan or date of issuance with the same effect as if made on and as of such date, both
immediately before and after giving effect to the Loans or Swing Line Loans to be made or Letter of Credit to be issued on such date (except to the extent any such representation or warranty is expressly stated to have been made as of a specific
date, in which case such representation or warranty shall be true and correct in all material respects as of such date); 
  
 (c) No Default or Event of Default shall have occurred and be continuing on such date, both immediately before and after giving effect to the Loans or
Swing Line Loans to be made or Letter of Credit to be issued on such date; 
  
 Each giving of a Notice of Borrowing or a Letter of Credit Notice, and the consummation of each Borrowing, advance of a Swing Line Loan or issuance of a Letter of Credit, shall be deemed to constitute a representation by the Borrower that
the statements contained in subsections (b) and (c) above are true, both as of the date of such notice or request and as of the relevant Borrowing Date or date of issuance. 
  

 65 

 ARTICLE VIII 
  
 REPRESENTATIONS AND WARRANTIES 
  
 To induce the Administrative Agent and the Lenders to enter into this Agreement and to induce the Lenders to extend the credit contemplated
hereby, the Borrower represents and warrants to the Administrative Agent and the Lenders as follows: 
  
 8.1 Corporate Organization and Power. Each of the Borrower and its Subsidiaries (including all Excluded Subsidiaries) (i) is a corporation,
limited liability company or limited partnership duly organized, validly existing and in good standing under the laws of the jurisdiction of its incorporation or organization, (ii) has the full corporate, limited liability company or limited
partnership power and authority to execute, deliver and perform the Credit Documents to which it is or will be a party, to own and hold its property and to engage in its business as presently conducted and (iii) is duly qualified to do business
as a foreign corporation, limited liability company or limited partnership and is in good standing in each jurisdiction where the nature of its business or the ownership of its properties requires it to be so qualified, except where the failure to
be so qualified would not, individually or in the aggregate be reasonably likely to have a Material Adverse Effect. 
  
 8.2 Authorization; Enforceability. Each of the Borrower and its Subsidiaries (including all Excluded Subsidiaries) has taken, or on the Effective
Date will have taken all necessary corporate action to execute, deliver and perform each of the Credit Documents to which it is or will be a party, and has or on the Effective Date (or any later date of execution and delivery) will have validly
executed and delivered each of the Credit Documents to which it is or will be a party. This Agreement constitutes, and each of the other Credit Documents upon execution and delivery will constitute the legal, valid and binding obligation of each of
the Borrower and its Subsidiaries (including all Excluded Subsidiaries) that is a party hereto or thereto, enforceable against it in accordance with its terms, except as enforceability may be limited by bankruptcy, insolvency, reorganization,
moratorium or other similar laws affecting creditors’ rights generally, by general equitable principles or by principles of good faith and fair dealing. 
  
 8.3 No Violation. The execution, delivery and performance by each of the Borrower and its Subsidiaries (including all Excluded Subsidiaries) of
this Agreement and each of the other Credit Documents to which it is or will be a party, and compliance by it with the terms hereof and thereof, do not and will not (i) violate any provision of its articles or certificate of incorporation or
organization, or bylaws or operating agreement or contravene any other Requirement of Law applicable to it, (ii) conflict with, result in a breach of or constitute (with notice, lapse of time or both) a default under any indenture, agreement or
other instrument to which it is a party, by which it or any of its properties is bound or to which it is subject, or (iii) result in a Limitation on any Licenses applicable to the business, operations or properties of the Borrower or any of its
Subsidiaries (including all Excluded Subsidiaries) or adversely affect the ability of the Borrower or any of its Subsidiaries (including all Excluded Subsidiaries) to participate in any Third Party Payor Arrangement, or (iv) except for the
Liens granted in favor of the Administrative Agent pursuant to the Security Documents, result in or require the creation or imposition of any Lien upon any of its properties or assets. No Subsidiary is a party to any agreement or instrument or
otherwise subject to any restriction or encumbrance that restricts or 

  

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limits its ability to make dividend payments or other distributions in respect of its Capital Stock, to repay Indebtedness owed to the Borrower or any other
Subsidiary (including all Excluded Subsidiaries), to make loans or advances to the Borrower or any other Subsidiary (including all Excluded Subsidiaries), or to transfer any of its assets or properties to the Borrower or any other Subsidiary, in
each case other than such restrictions or encumbrances existing under or by reason of the Credit Documents or applicable Requirements of Law. 
  
 8.4 Governmental and Third-Party Authorization; Permits. (a) No consent, approval, authorization or other action by, notice to, or
registration or filing with, any Governmental Authority or other Person is or will be required as a condition to or otherwise in connection with the due execution, delivery and performance by each of the Borrower and its Subsidiaries (including all
Excluded Subsidiaries) of this Agreement or any of the other Credit Documents to which it is or will be a party or the legality, validity or enforceability hereof or thereof, other than (i) filings of Uniform Commercial Code financing
statements and other instruments and actions necessary to perfect the Liens created by the Security Documents, (ii) consents, authorizations and filings that have been (or on or prior to the Effective Date will have been) made or obtained and
that are (or on the Effective Date will be) in full force and effect, which consents, authorizations and filings are listed on Schedule 8.4, and (iii) consents and filings the failure to obtain or make which would not, individually or in
the aggregate, have a Material Adverse Effect. 
  
 (b) Each of the
Borrower and its Subsidiaries (including all Excluded Subsidiaries) and each Managed Practice (i) has, and is in good standing with respect to, all approvals, permits and other Licenses and (to the extent applicable) all Reimbursement Approvals
necessary to conduct its business as presently conducted and to own or lease and operate its properties, (ii) has obtained and maintains accreditation from all generally recognized accrediting agencies for the Borrower and its Subsidiaries to
the extent prudent and customary in the industry in which the Borrower, any of its Subsidiaries or any Managed Practice is engaged or to the extent required for rehabilitation entities or skilled nursing facilities, and (iii) if required, has
obtained and maintains Medicaid Certification and Medicare Certification, (iv) if required, has entered into and maintains in good standing its Medicare Provider Agreement and its Medicaid Provider Agreement, except, in each case referred to in
clauses (i) through (iv), for those instances the failure to obtain or enter into which would not be reasonably likely, individually or in the aggregate, to have a Material Adverse Effect. There is no pending or, to the knowledge of the
Borrower, threatened Limitation of any such approval, permit or other License or Reimbursement Approval of the Borrower or any Subsidiary (including all Excluded Subsidiaries) or any Managed Practice, except for such Limitations as would not be
reasonably likely, individually or in the aggregate, to have a Material Adverse Effect. 
  
 (c) Each professional employee, officer and director of the Borrower, the Borrower’s Subsidiaries (including all Excluded Subsidiaries), and any Managed Practices providing professional services to patients of
the Borrower or any such Subsidiary is duly Licensed (where License is required) by each state or state agency or commission, or any other Governmental Authority having jurisdiction over the provisions of such services by such employee, officer or
director, in which the Borrower or its Subsidiaries (including all Excluded Subsidiaries) is located, required to enable such employee, officer or director to provide the professional services necessary to enable the Borrower or such Subsidiary to
operate as currently operated and as presently contemplated to be operated and in connection with each such employee related to the 

  

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duties performed by such employee. All such required Licenses are in full force and effect on the date hereof and have not been revoked or suspended or
otherwise limited except where such limitation would not be reasonably expected to result in a Material Adverse Effect. Each physician retained or otherwise engaged as an independent contractor by the Borrower or its Subsidiaries (including all
Excluded Subsidiaries) possesses a valid narcotics number issued by the United States Drug Enforcement Administration and a valid state narcotics registration. 
  

8.5 Litigation. Except as set forth on Schedule 8.5, there are no actions, investigations, suits or proceedings pending or, to the
knowledge of the Borrower, threatened, at law, in equity or in arbitration, before any court, other Governmental Authority or other Person, (i) against or, to the Borrower’s knowledge, affecting the Borrower, any of its Subsidiaries
(including all Excluded Subsidiaries) any Managed Practice or any of their respective properties that would, if adversely determined, be reasonably likely to (x) result in the revocation, termination, cancellation or suspension of Medicaid
Certification or Medicare Certification of such Person, (y) result in the exclusion of such Person from participation in a Federal health care program, or (z) have a Material Adverse Effect, or (ii) with respect to this Agreement or
any of the other Credit Documents. 
  
 8.6 Taxes. Except as
set forth on Schedule 8.6, each of the Borrower and its Subsidiaries (including all Excluded Subsidiaries) has timely filed all federal, state and local tax returns and reports required to be filed by it and has paid all taxes, assessments,
fees and all other charges levied upon it or upon its properties that are shown thereon as due and payable, other than those that are being contested in good faith and by proper proceedings and for which adequate reserves have been established in
accordance with GAAP. Except as set forth on Schedule 8.6, such returns accurately reflect in all material respects all liability for taxes of the Borrower and its Subsidiaries (including all Excluded Subsidiaries) for the periods covered
thereby. Except as set forth on Schedule 8.6, as of the Effective Date, there is no ongoing audit or examination or, to the knowledge of the Borrower, other investigation by any Governmental Authority of the tax liability of the Borrower or
any of its Subsidiaries (including all Excluded Subsidiaries). Except as set forth on Schedule 8.6, there is no unresolved claim by any Governmental Authority concerning the tax liability of the Borrower or any of its Subsidiaries for any
period for which tax returns have been or were required to have been filed, other than claims for which adequate reserves have been established in accordance with GAAP. Except as set forth on Schedule 8.6, neither the Borrower nor any of its
Subsidiaries (including all Excluded Subsidiaries) has waived or extended or has been requested to waive or extend the statute of limitations relating to the payment of any taxes. 
  
 8.7 Subsidiaries. Schedule 8.7 sets forth a list, as of the Effective Date, of all of the Subsidiaries
(including all Excluded Subsidiaries) of the Borrower and, as to each such Subsidiary, the percentage ownership (direct and indirect) of the Borrower in each class of its Capital Stock and each direct owner thereof. Except for the shares of Capital
Stock expressly indicated on Schedule 8.7, there are no shares of Capital Stock, warrants, rights, options or other equity securities, or other Capital Stock of any Subsidiary of the Borrower (including all Excluded Subsidiaries) outstanding
or reserved for any purpose. All outstanding shares of Capital Stock of each Subsidiary (including all Excluded Subsidiaries) of the Borrower are duly and validly issued, fully paid and nonassessable. The Borrower and, as applicable, any Subsidiary,
is the sole legal, record and beneficial owner of, and has good and valid title to, all such Capital Stock, free and clear of all Liens other than the Liens created pursuant to the 

  

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Security Agreement. As of the Effective Date, neither the Borrower nor any Subsidiary (including all Excluded Subsidiaries) is engaged in any joint venture,
partnership or similar arrangement with any other Person except, as set forth on Schedule 8.7. 
  
 8.8 Full Disclosure. All factual information heretofore or contemporaneously furnished to the Administrative Agent or any Lender in writing by or
on behalf of the Borrower or any of its Subsidiaries (including all Excluded Subsidiaries) in connection with this Agreement and the transactions contemplated hereby and related to this Agreement or another Credit Document is, and all other such
factual information hereafter furnished to the Administrative Agent or any Lender in writing by or on behalf of the Borrower or any of its Subsidiaries (including all Excluded Subsidiaries) will be, true and accurate in all material respects on the
date as of which such information is dated or certified (or, if such information has been amended or supplemented, on the date as of which any such amendment or supplement is dated or certified) and not made incomplete by omitting to state a
material fact necessary to make the statements contained therein, in light of the circumstances under which such information was provided, not misleading. 
  
 8.9 Margin Stock. The proceeds of the Borrowings made hereunder will be used by the Borrower only for the purposes expressly authorized herein.
None of such proceeds will be used, directly or indirectly, for the purpose of purchasing or carrying any Margin Stock or for the purpose of reducing or retiring any Indebtedness which was originally incurred to purchase or carry Margin Stock or for
any other purpose which violates or which would be inconsistent with Regulation U (12 CFR Part 221) or Regulation X (12 CFR Part 224) of the FRB. Neither the Borrower nor any agent acting on its behalf has taken or will take any action which might
cause this Agreement or any of the other Credit Documents or instruments delivered pursuant hereto to violate any regulation of the Board or to violate the Securities Exchange Act of 1934, as amended, or the Securities Act of 1933, as amended, or
any state securities laws, in each case as in effect on the date hereof. 
  
 8.10 No Material Adverse Change. There has been no Material Adverse Change since December 31, 2004, and there exists no event, condition or state of facts that could reasonably be expected to result in a
Material Adverse Change. 
  
 8.11 Financial Matters; No
Internal Control Event. (a) The Borrower has heretofore furnished to the Administrative Agent copies of (i) the audited consolidated balance sheets of the Borrower and its Subsidiaries (including any Excluded Subsidiaries) as of
December 31, 2002, 2003 and 2004, and the related statements of income, cash flows and stockholders’ equity for the fiscal years then ended, together with the opinion of Ernst & Young LLP thereon, (ii) the company-prepared
consolidated balance sheets of the Borrower and its Subsidiaries (including Excluded Subsidiaries) for the nine-month period ended September 30, 2005 (the “Nine-Month Stub”) and the related statements of income, cash flow and
stockholders’ equity. Such financial statements have been prepared in accordance with GAAP and present fairly the financial condition of the Borrower and its Subsidiaries (including any Excluded Subsidiaries) on a consolidated basis as of the
respective dates thereof and the consolidated results of operations of the Borrower and its Subsidiaries for the respective periods then ended. Except as fully reflected in the most recent financial statements referred to above and the notes thereto
or as disclosed on Schedule 8.11, there are no material liabilities or obligations of the Borrower or any of its 

  

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Subsidiaries of any nature whatsoever (whether absolute, contingent or otherwise and whether or not due). 
  
 (b) Intentionally deleted. 
  
 (c) The Borrower has prepared, and has heretofore furnished to the
Administrative Agent a copy of, annual projected balance sheets and statements of income and cash flows of the Borrower for the three-year period beginning with the year ended December 31, 2005, giving effect to the consummation of the
transactions contemplated by this Agreement, the initial extensions of credit hereunder, and the payment of transaction fees and expenses related to the foregoing (the “Projections”). In the opinion of management of the Borrower, the
assumptions used in the preparation of the Projections were fair, complete and reasonable when made and continue to be fair, complete and reasonable as of the date hereof. The Projections have been prepared in good faith by the executive and
financial personnel of the Borrower, are complete and represent a reasonable estimate of the future performance and financial condition of the Borrower, subject to the uncertainties and approximations inherent in any projections. 
  
 (d) Each of the Borrower and its Subsidiaries (including any Excluded
Subsidiaries), after giving effect to the consummation of the transactions contemplated hereby and taking into account rights of contribution, (i) has capital sufficient to carry on its businesses as conducted and as proposed to be conducted,
(ii) has assets with a fair saleable value, determined on a going concern basis, (y) not less than the amount required to pay the probable liability on its existing debts as they become absolute and matured and (z) greater than the
total amount of its liabilities (including identified contingent liabilities, valued at the amount that can reasonably be expected to become absolute and matured), and (iii) does not intend to, and does not believe that it will incur debts or
liabilities beyond its ability to pay such debts and liabilities as they mature. 
  
 (e) To the Borrower’s best knowledge, and except as otherwise disclosed in the Borrower’s filings with the SEC under the Exchange Act, as of the Effective Date, no Internal Control Event exists or has
occurred since December 31, 2004. 
  
 8.12 Ownership of
Properties. Except as set forth on Schedule 8.12, each of the Borrower and its Subsidiaries (including all Excluded Subsidiaries) (i) has good and marketable title to all real property owned by it (including the Mortgaged Property),
(ii) holds interests as lessee under valid leases in full force and effect with respect to all material leased real and personal property used in connection with its business, (iii) possesses or has rights to use licenses, patents,
copyrights, trademarks, service marks, trade names and other assets sufficient to enable it to continue to conduct its business substantially as heretofore conducted and without any material conflict with the rights of others, and (iv) has good
title to all of its other properties and assets reflected in the most recent financial statements referred to in Section 8.11(a) (except as sold or otherwise disposed of since the date thereof in the ordinary course of business), in each
case under (i), (ii), (iii) and (iv) above free and clear of all Liens other than Permitted Liens. Schedule 8.12 lists, as of the Effective Date, all real property interests of the Borrower and its Subsidiaries, indicating in each
case the identity of the owner, the address of the property, the nature of use of the premises, and whether such interest is a leasehold or fee ownership interest. 
  

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 8.13 Employee Benefit Plans. 
  
 (a) The Borrower and each ERISA Affiliate is in compliance with all applicable provisions of ERISA and the regulations and
published interpretations thereunder and in compliance with all Foreign Benefit Laws with respect to all Employee Benefit Plans except for any required amendments for which the remedial amendment period as defined in Section 401(b) of the Code
has not yet expired. Each Employee Benefit Plan that is intended to be qualified under Section 401(a) of the Code has been determined or the Borrower or its Subsidiaries is in the process of obtaining a determination by the Internal Revenue
Service to be so qualified, each trust related to such plan has been determined to be exempt under Section 501(a) of the Code, and each Employee Benefit Plan subject to any Foreign Benefit Law has received the required approvals by any
Governmental Authority regulating such Employee Benefit Plan. No material liability has been incurred by the Borrower or any ERISA Affiliate which remains unsatisfied for any taxes or penalties with respect to any Employee Benefit Plan or any
Multiemployer Plan; 
  
 (b) Neither the Borrower nor any ERISA
Affiliate has (i) engaged in a nonexempt prohibited transaction described in Section 4975 of the Code or Section 406 of ERISA affecting any of the Employee Benefit Plans or the trusts created thereunder which could subject any such
Employee Benefit Plan or trust to a material tax or penalty on prohibited transactions imposed under Internal Revenue Code Section 4975 or ERISA, (ii) incurred any accumulated funding deficiency with respect to any Employee Benefit Plan,
whether or not waived, or any other liability to the PBGC which remains outstanding other than the payment of premiums and there are no premium payments which are due and unpaid, (iii) failed to make a required contribution or payment to a
Multiemployer Plan, (iv) failed to make a required installment or other required payment under Section 412 of the Code, Section 302 of ERISA or the terms of such Employee Benefit Plan, or (v) failed to make a required
contribution or payment, or otherwise failed to operate in compliance with any Foreign Benefit Law regulating any Employee Benefit Plan; 
  
 (c) No Termination Event has occurred or is reasonably expected to occur with respect to any Pension Plan or Multiemployer Plan, and neither the Borrower
nor any ERISA Affiliate has incurred any unpaid withdrawal liability with respect to any Multiemployer Plan; 
  
 (d) The present value of all vested accrued benefits under each Employee Benefit Plan which is subject to Title IV of ERISA, or the funding of which is
regulated by any Foreign Benefit Law did not, as of the most recent valuation date for each such plan, exceed the then current value of the assets of such Employee Benefit Plan allocable to such benefits; 
  
 (e) To the best of the Borrower’s knowledge, each Employee Benefit Plan
which is subject to Title IV of ERISA or the funding of which is regulated by any Foreign Benefit Law, maintained by the Borrower or any ERISA Affiliate, has been administered in accordance with its terms in all material respects and is in
compliance in all material respects with all applicable requirements of ERISA, applicable Foreign Benefit Law and other applicable laws, regulations and rules; 
  

(f) The consummation of the Loans and the issuance of the Letters of Credit provided for herein will not involve any prohibited transaction under ERISA
which is not subject to a statutory or administrative exemption; and 
  

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 (g) No material proceeding, claim, lawsuit and/or investigation exists or, to the best knowledge of the
Borrower after due inquiry, is threatened concerning or involving any Employee Benefit Plan. 
  
 8.14 Environmental Matters. (a) Except as set forth on Schedule 8.14(a), no Hazardous Substances are, or have been generated, used, located, released, treated, disposed of or stored by the Borrower
or any of its Subsidiaries (including all Excluded Subsidiaries) or, to the knowledge of the Borrower, by any other Person (including any predecessor in interest), in, on or under any portion of any real property leased or owned by the Borrower or
any of its Subsidiaries (including all Excluded Subsidiaries), except in material compliance with all applicable Environmental Laws, and no portion of any such real property or, to the knowledge of the Borrower, any other real property at any time
leased, owned or operated by the Borrower or any of its Subsidiaries, requires remedial action under any Environmental Law; and, to the knowledge of the Borrower, no portion of any real property, leased or owned, by the Borrower or any of its
Subsidiaries (including all Excluded Subsidiaries) has been or is presently the subject of remedial action. 
  
 (b) Except as set forth on Schedule 8.14(b), no portion of any real property leased or owned by the Borrower or any of its Subsidiaries (including
all Excluded Subsidiaries) has been used by the Borrower or any of its Subsidiaries (including any Excluded Subsidiary) or, to the knowledge of the Borrower, by any other Person, as or for a mine, a landfill, a dump or other disposal facility, a
gasoline service station, or (other than for petroleum substances stored in the ordinary course of business) a petroleum products storage facility; to the knowledge of the Borrower, no portion of such real property or any other real property at any
time leased, owned or operated by the Borrower or any of its Subsidiaries (including any Excluded Subsidiary) has, pursuant to any Environmental Law, been placed on the “National Priorities List” or “CERCLIS List” (or any similar
federal, state or local list) of sites subject to possible environmental problems; and, to the knowledge of the Borrower, there are not and have never been any underground storage tanks situated on any real property, leased or owned by the Borrower
or any of its Subsidiaries. 
  
 (c) All activities and operations
of the Borrower and its Subsidiaries (including all Excluded Subsidiaries) are in compliance with the requirements of all applicable Environmental Laws, except to the extent the failure so to comply, individually or in the aggregate, would not be
reasonably likely to have a Material Adverse Effect. Each of the Borrower and its Subsidiaries (including all Excluded Subsidiaries) has obtained all licenses and permits under Environmental Laws necessary to its respective operations: all such
licenses and permits are being maintained in good standing and each of the Borrower and its Subsidiaries (including all Excluded Subsidiaries) is in compliance with all terms and conditions of such licenses and permits, except for such failure to
obtain or maintain a license or permit or such noncompliance that would not be reasonably likely, individually or in the aggregate, to have a Material Adverse Effect. Neither the Borrower nor any of its Subsidiaries (including any Excluded
Subsidiary) is involved in any suit, action or proceeding, or has received any notice or complaint from any Governmental Authority or other Person, with respect to any actual or alleged Environmental Claims that, if adversely determined, would be
reasonably likely, individually or in the aggregate, to have a Material Adverse Effect, and, to the knowledge of the Borrower, there are no threatened actions, suits, proceedings or investigations with respect to any such Environmental Claims, nor
any basis therefor. 
  

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 8.15 Compliance With Laws. Each of the Borrower and its Subsidiaries (including all Excluded
Subsidiaries) has timely filed all material reports, documents and other materials required to be filed by it under all applicable Requirements of Law with any Governmental Authority, has retained all material records and documents required to be
retained by it under all applicable Requirements of Law, and is otherwise in compliance with all applicable Requirements of Law in respect of the conduct of its business and the ownership and operation of its properties (including, without
limitation, all applicable Medicare Regulations and Medicaid Regulations), except for such Requirements of Law the failure to comply with which, individually or in the aggregate, would not be reasonably likely to have a Material Adverse Effect.

  
 8.16 Regulated Industries. Neither the Borrower nor any
of its Subsidiaries (including any Excluded Subsidiary) is (i) an “investment company,” a company “controlled” by an “investment company,” or an “investment advisor,” within the meaning of the Investment
Company Act of 1940, as amended, or (ii) a “holding company,” a “subsidiary company” of a “holding company,” or an “affiliate” of a “holding company” or of a “subsidiary company” of a
“holding company,” within the meaning of the Public Utility Holding Company Act of 1935, as amended. 
  
 8.17 Insurance. Schedule 8.17 sets forth a true and complete summary of all insurance policies or arrangements carried or maintained by the
Borrower and its Subsidiaries (including all Excluded Subsidiaries) as of the Effective Date, indicating in each case the insurer, policy number, expiration, amount and type of coverage and deductibles. The assets, properties and business of the
Borrower and its Subsidiaries (including all Excluded Subsidiaries) are insured against such hazards and liabilities, under such coverages and in such amounts, as are customarily maintained by prudent companies similarly situated and under policies
issued by insurers of recognized responsibility. Any Subsidiary or Affiliate of the Borrower conducting business as an insurer is duly licensed by the appropriate Governmental Authority in its state of incorporation and meets and maintains the
appropriate capital requirements to maintain such licensure. 
  
 8.18 Material Contracts. Schedule 8.18 lists, as of the Effective Date, each “material contract” (within the meaning of Item 601(b)(10) of Regulation S K under the Exchange Act) to which the Borrower or any of
its Subsidiaries (including any Excluded Subsidiary) is a party, by which any of them or their respective properties is bound or to which any of them is subject (collectively, “Material Contracts”), and also indicates the parties, subject
matter and term thereof. As of the Effective Date, (i) each Material Contract is in full force and effect and is enforceable by the Borrower or the Subsidiary that is a party thereto in accordance with its terms, and (ii) neither the
Borrower nor any of its Subsidiaries (including any Excluded Subsidiary) (nor, to the knowledge of the Borrower, any other party thereto) is in breach of or default under any Material Contract in any material respect or has given notice of
termination or cancellation of any Material Contract. 
  
 8.19
Security Documents. (a) The provisions of each of the Security Documents (whether executed and delivered prior to or on the Effective Date or thereafter) are and will be effective to create in favor of the Administrative Agent, for its
benefit and the benefit of the Lenders, a valid and enforceable security interest in and Lien upon all right, title and interest of each of the Borrower and its Subsidiaries (including, to the extent applicable, each Excluded 

  

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Subsidiary) that is a party thereto in and to the Collateral purported to be pledged by it thereunder and described therein, and upon (i) the filing of
appropriately completed Uniform Commercial Code financing statements and continuations thereof in the jurisdictions specified therein, (ii) if applicable, the filing of appropriately completed short-form assignments in the U.S. Patent and
Trademark Office and the U.S. Copyright Office, and (iii) the possession by the Administrative Agent of any certificates evidencing the securities pledged thereby, such security interest and Lien shall constitute a fully perfected and first
priority security interest in and Lien upon such right, title and interest of the Borrower or such Subsidiary, as applicable, in and to such Collateral, to the extent that such security interest and Lien can be perfected by such filings, actions and
possession, subject only to Permitted Liens. 
  
 (b) Each Mortgage
is effective to create in favor of the Administrative Agent, for its benefit and the benefit of the Lenders, a legal, valid and enforceable Lien on all of the right, title and interest of Borrower and its Subsidiaries, as applicable, in and to the
Mortgaged Property subject to each Mortgage and the proceeds thereof, and when each Mortgage is filed in the applicable filing office specified on Schedule 8.19(b), the Mortgages shall constitute a fully perfected Lien on, and security
interest in, all right, title and interests of Borrower and its Subsidiaries, as applicable, in all real property owned by the Borrower and its Subsidiaries, the buildings and improvements located on such real property and all proceeds thereof, in
each case prior and superior in right to any other Person, subject only to Permitted Liens. 
  
 8.20 Labor Relations. As of the Effective Date, and following the Effective Date to the extent that such would result in a Material Adverse Effect, neither the Borrower nor any of its Subsidiaries is engaged in
any unfair labor practice within the meaning of the National Labor Relations Act of 1947, as amended. There is (i) no unfair labor practice complaint before the National Labor Relations Board, or grievance or arbitration proceeding arising out
of or under any collective bargaining agreement, pending or, to the knowledge of the Borrower, threatened, against the Borrower or any of its Subsidiaries, (ii) no strike, lock-out, slowdown, stoppage, walkout or other labor dispute pending or,
to the knowledge of the Borrower, threatened, against the Borrower or any of its Subsidiaries, and (iii) to the knowledge of the Borrower, no petition for certification or union election or union organizing activities taking place with respect
to the Borrower or any of its Subsidiaries. 
  
 8.21
Intentionally deleted. 
  
 8.22 Service Agreements.
No Service Agreement to which the Borrower or any of its Subsidiaries (including all Excluded Subsidiaries) is a party, nor any of the transactions contemplated thereunder, violates any applicable Requirement of Law (i) relating to the
eligibility of a Managed Practice to enter into or participate in any Third Party Payor Arrangement or otherwise applicable to such Managed Practice as a result of such participation, (ii) relating to any License or Reimbursement Approval of a
Managed Practice required in connection with any Third Party Payor Arrangement in which it participates, or (iii) relating to the practice of medicine or the sharing of fees in connection therewith, except in each case under (i), (ii) and
(iii) above for such violations as would not, individually or in the aggregate, be reasonably likely to have a Material Adverse Effect. 
  
 8.23 Reimbursement. The accounts receivable of the Borrower and each Subsidiary (including any Excluded Subsidiary) have been properly adjusted in
all material respects to 

  

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reflect the reimbursement policies under all applicable Requirements of Law (including, without limitation, all applicable Medicare Regulations and Medicaid
Regulations) and other Third Party Payor Arrangements to which the Borrower or such Subsidiary or any Managed Practice is subject, and do not exceed in any material respect amounts the Borrower, such Subsidiary or Managed Practice is entitled to
receive under any capitation arrangement, fee schedule, discount formula, cost-based reimbursement or other adjustment or limitation to usual charges. All billings by the Borrower, each Subsidiary (including any Excluded Subsidiary) and each Managed
Practice pursuant to Third Party Payor Arrangements have been made in compliance with all applicable Requirements of Law, except where the failure to comply would not, individually or in the aggregate, be reasonably likely to have a Material Adverse
Effect; and there has been no intentional or material overbilling or overcollection pursuant to any Third Party Payor Arrangements, other than as created by routine adjustments and disallowances made in the ordinary course of business by the payors
with respect to such billings. 
  
 8.24 Fraud and Abuse.
None of the Borrower, any Subsidiary (including any Excluded Subsidiary), any Managed Practice, or any physician shareholder or employee of any Managed Practice, has engaged in any activities that are prohibited under 42 U.S.C. §§
1320a-7b, or the regulations promulgated thereunder, or related Requirements of Law, or that are prohibited by rules of professional conduct, or which are prohibited under any statute and which constitutes a Federal health care offense, or the
regulations promulgated pursuant to such statutes, including, without limitation, the following: (i) knowingly and willfully making or causing to be made a false statement or misrepresentation of a material fact in any application for any
benefit or payment; (ii) knowingly and willfully making or causing to be made any false statement or misrepresentation of a material fact for use in determining rights to any benefit or payment; (iii) failure to disclose knowledge by a
claimant of the occurrence of any event affecting the initial or continued right to any benefit or payment on its own behalf or on behalf of another with intent to secure such benefit or payment fraudulently; and (iv) knowingly and willfully
soliciting or receiving any remuneration (including any kickback, bribe or rebate), directly or indirectly, overtly or covertly, in cash or in kind or offering to pay or receive such remuneration (y) in return for referring an individual to a
Person for the furnishing or arranging for the furnishing of any item or service for which payment may be made in whole or in part by Medicare, Medicaid or any other government or private third party payor, or (z) in return for purchasing,
leasing, or ordering or arranging for or recommending purchasing, leasing or ordering any good facility, service, or item for which payment may be made in whole or in part by Medicare, Medicaid or any other government or private third party payor.

  
 8.25 Maintenance of Mortgaged Property. As of the
Effective Date, there has been no material change in the market conditions applicable to or physical aspect of any Mortgaged Property that would threaten the Administrative Agent’s real estate Collateral protection, ordinary wear and tear
excepted. 
  
 8.26 Assets of Borrower. The Borrower
(a) does not own, beneficially or of record, any assets other than (i) equity interests in its Subsidiaries and Excluded Subsidiaries, and (ii) such other assets as are de minimis with respect to the consolidating balance sheet of the
Borrower on a stand-alone basis, and (b) does not conduct business, operations or generate any revenue except (i) such revenue received as distributions on Capital Stock of its Subsidiaries and Excluded Subsidiaries and (ii) such
other revenue as is de minimis with respect to the consolidating income statement of the Borrower on a stand-alone basis. 
  

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 ARTICLE IX 
  

AFFIRMATIVE COVENANTS 
  
 The Borrower covenants and agrees that, until the termination of the Revolving Credit Commitments, the termination or expiration of all Letters of Credit and the payment
in full of all principal and interest with respect to the Loans and all Reimbursement Obligations together with all other amounts then due and owing hereunder: 
  

9.1 Financial Statements. The Borrower will deliver to the Administrative Agent: 
  
 (a) As soon as available and in any event the earlier of the date such financial statements are required to be delivered to
the SEC (without giving effect to any extension permitted by the SEC) or within forty-five (45) days after the end of each of the first three fiscal quarters of each fiscal year, beginning with the fiscal quarter ending March 31, 2006,
unaudited consolidated balance sheets of the Borrower and its Subsidiaries (including all Excluded Subsidiaries) as of the end of such fiscal quarter and unaudited consolidated statements of income, retained earnings, and cash flows for the Borrower
and its Subsidiaries (including all Excluded Subsidiaries) for the fiscal quarter then ended and for that portion of the fiscal year then ended, in each case setting forth comparative consolidated figures as of the end of and for the corresponding
period in the preceding fiscal year together with comparative budgeted figures for such fiscal year to date, all in reasonable detail and prepared in accordance with GAAP (subject to the absence of notes required by GAAP and subject to the absence
of normal year-end adjustments) applied on a basis consistent with that of the preceding quarter or containing disclosure of the effect on the financial condition or results of operations of any change in the application of accounting principles and
practices during such quarter; and 
  
 (b) not later than the
earlier of the date when required to be delivered to the SEC (without giving effect to any extension permitted by the SEC) or ninety (90) days after the end of each fiscal year of the Borrower, a consolidated balance sheet of the Borrower and
its Subsidiaries (including all Excluded 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 (i) a report and opinion of Ernst & Young, LLP or other independent certified public
accountant of nationally recognized standing reasonably acceptable to the Required Lenders, which report and opinion shall be prepared in accordance with audit standards of the Public Company Accounting Oversight Board and applicable Securities Laws
and shall not be subject to any “going concern” or exception or any qualification or exception as to the scope of such audit or with respect to the absence of any material misstatement and (ii) (A) management’s assessment of
the effectiveness of the Borrower’s internal controls over financial reporting as of the end of such fiscal year of the Borrower as required in accordance with Item 308 of SEC Regulation S-K expressing a conclusion which contains no
statement that there is a material weakness in such internal controls, except for such material weaknesses as to which the Required Lenders do not reasonably object, and (B) with respect to such fiscal year of the Borrower, an attestation
report (or reports) of such accounting firm on management’s assessment of, and the opinion of such accounting firm independently assessing, the effectiveness of the Borrower’s internal controls over financial reporting in accordance with
Item 308 of SEC Regulation S-K, 

  

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PCAOB Auditing Standard No. 2, and Section 404 of Sarbanes-Oxley and expressing a conclusion which contains no statement that there is a material
weakness in such internal controls, except for such material weaknesses as to which the Required Lenders do not reasonably object. Notwithstanding anything in this subsection (b) to the contrary, in the event that the Borrower delivers its
audited financial statements to the Administrative Agent within ninety (90) days after the end of any fiscal year, it shall not be required to deliver any draft financial statements with respect to such fiscal year as otherwise required by this
subsection (b). 
  
 9.2 Other Business and Financial
Information. The Borrower will deliver to each Lender: 
  
 (a)
Not later than forty-five (45) days after the end of each of the first three fiscal quarters of each fiscal year of the Borrower and ninety (90) days after the end of each fiscal year of the Borrower (except in the case of the Compliance
Certificate and related Covenant Compliance Worksheet, which shall be delivered concurrently with the delivery by the Borrower of its financial statements to the SEC), a Compliance Certificate with respect to the period covered by the financial
statements then being delivered, executed by a Financial Officer, together with (i) Covenant Compliance Worksheet reflecting the computation of the financial covenants set forth in Article X and Article XI as of the last day of
the period covered by such financial statements, (ii) an accounts receivable aging schedule for the consolidated company and individual locations, and (iii) SEC reports and filings, management letters from auditors and other operating and
financial information reasonably requested by the Administrative Agent; 
  
 (b) Not later than ninety (90) days after the end of each fiscal year of the Borrower, in the aggregate and by individual location or other grouping acceptable to the Borrower and the Required Lenders, (i) unaudited income
information (including revenues and Consolidated EBITDA) for such fiscal year then ended, (ii) a schedule of actual maintenance Capital Expenditures (including repairs and maintenance) for such fiscal year then ended, and (iii) the
maintenance Capital Expenditure budget for the fiscal year following the fiscal year then ended; 
  
 (c) Intentionally deleted; 
  
 (d) Promptly upon receipt thereof, copies of any “management letter” submitted to the Borrower or any of its Subsidiaries by its certified
public accountants in connection with each annual, interim or special audit, and promptly upon completion thereof, any response reports from the Borrower or any such Subsidiary in respect thereof; 
  
 (e) Concurrently with the sending, filing or receipt thereof, copies of
(i) all financial statements, reports, notices and proxy statements of the Borrower or any of its Subsidiaries that the Borrower shall send or make available generally to its shareholders, (ii) all regular, periodic and special reports,
registration statements and prospectuses (other than on Form S-8) that the Borrower or any of its Subsidiaries (including any Excluded Subsidiaries) shall render to or file with the SEC, the National Association of Securities Dealers, Inc. or any
national securities exchange, and (iii) all press releases and other statements made available generally by the Borrower or any of its Subsidiaries to the public concerning material developments in the business of the Borrower or any of its
Subsidiaries; 
  

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 (f) Promptly upon (and in any, event within five (5) Business Days after) any Authorized Officer
obtaining knowledge thereof, written notice of any of the following: 
  
 (i) the occurrence of any Default or Event of Default, together with a written statement of a Authorized Officer of the Borrower specifying the nature of such Default or Event of Default, the period of existence
thereof and the action that the Borrower has taken and proposes to take with respect thereto; 
  
 (ii) the institution or threatened institution of any action, suit, investigation or proceeding against or affecting the Borrower, any of
its Subsidiaries (including all Excluded Subsidiaries) or any Managed Practice, including any such investigation or proceeding by any Governmental Authority (other than routine periodic inquiries, investigations or reviews), that would, if adversely
determined, be reasonably likely, individually or in the aggregate, to have a Material Adverse Effect, and any material development in any litigation or other proceeding previously reported pursuant to Section 8.5 or this subsection
9.2(f); 
  
 (iii) the receipt by the Borrower
or any of its Subsidiaries (including all Excluded Subsidiaries) from any Governmental Authority or other Person of (y) any notice asserting any failure by the Borrower, any of its Subsidiaries or any Managed Practice to be in compliance with
applicable Requirements of Law or that threatens the taking of any action against such Person or sets forth circumstances that, if taken or adversely determined, would be reasonably likely to have a Material Adverse Effect, or (z) any notice of
any actual or threatened Limitation with respect to any License or Reimbursement Approval of the Borrower, any of its Subsidiaries or any Managed Practice, where such action would be reasonably likely to have a Material Adverse Effect; 

 
 (iv) the occurrence of any ERISA Event, together with
(x) a written statement of a Authorized Officer of the Borrower specifying the details of such ERISA Event and the action that the Borrower has taken and proposes to take with respect thereto, (y) a copy of any notice with respect to such
ERISA Event that may be required to be filed with the PBGC and (z) a copy of any notice delivered by the PBGC to the Borrower or such ERISA Affiliate with respect to such ERISA Event; 
  
 (v) the occurrence of any material default under, or any
proposed or threatened termination or cancellation of, any Material Contract or other material contract or agreement to which the Borrower, any of its Subsidiaries (including all Excluded Subsidiaries) or any Managed Practice is a party, the
termination or cancellation of which would be reasonably likely to have a Material Adverse Effect; 
  
 (vi) the occurrence of any of the following: (x) the assertion of any Environmental Claim against or affecting the Borrower, any of
its Subsidiaries (including all Excluded Subsidiaries) or any of their respective real property leased or owned; (y) the receipt by the Borrower or any of its Subsidiaries (including any Excluded Subsidiary) of notice of any alleged violation
of or noncompliance with any Environmental Laws; or (z) the taking of any remedial action by the Borrower, any of its Subsidiaries or any other Person in response to the actual or alleged generation storage, 

  

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release, disposal or discharge of any Hazardous Substances on, to, upon or from any real property leased or owned by the Borrower or any of its Subsidiaries;
but in each case under clauses (x), (y) and (z) above, only to the extent the same would be reasonably likely to have a Material Adverse Effect; 
  
 (vii) any other matter or event that has, or would be reasonably likely to have, a Material Adverse Effect, together with a written
statement of a Authorized Officer of the Borrower setting forth the nature and period of existence thereof and the action that the Borrower has taken and proposes to take with respect thereto; and 
  
 (viii) any accounting firm’s determination (in
connection with its preparation of any report under Section 9.1(b)) or the Borrower’s determination at any time of the occurrence or existence of any Internal Control Event; 
  
 (g) Contemporaneously with delivery of the Financial Statements required
under Section 9.1(b), beginning with the fiscal year ended December 31, 2005, consolidated projections for the Borrower and its Subsidiaries (including all Excluded Subsidiaries) for the succeeding three (3) fiscal years
(prepared on a quarterly basis), together with a certificate of a Financial Officer of the Borrower to the effect that such projections have been prepared in good faith and are reasonable estimates of the financial position and results of operations
of the Borrower and its Subsidiaries for the period covered thereby; and, as soon as available from time to time thereafter, any modifications or revisions to or restatements of such projections; and 
  
 (h) As promptly as reasonably possible, such other information about the
business, condition (financial or otherwise), operations or properties of the Borrower or any of its Subsidiaries (including all Excluded Subsidiaries) (including any Plan and any information required to be filed under ERISA) as the Administrative
Agent or any Lender may from time to time reasonably request. 
  
 Documents required to be delivered pursuant to Section 9.1(a) or (b) or Section 9.2(e) (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 in
Section 14.5; 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 9.2(a) 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 

  

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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 BAS will make available to the Lenders and the Issuing Lender 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 may be “public-side” Lenders (i.e., Lenders that do not wish to receive material
non-public information with respect to the Borrower or its securities) (each, a “Public Lender”). 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 Issuing Lender 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 14.12); (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 BAS 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”. 
  
 9.3 Corporate Existence; Franchises; Maintenance of Properties. The Borrower will, and will cause each of its Subsidiaries (including all Excluded
Subsidiaries) to, (i) maintain and preserve in full force and effect its corporate existence, except as expressly permitted otherwise by Section 11.1, (ii) obtain, maintain and preserve in full force and effect all other
rights, franchises, licenses, permits, certifications, approvals, authorizations and other Licenses, and all Reimbursement Approvals, required by Governmental Authorities and necessary to the ownership, occupation or use of its properties or the
conduct of its business, except to the extent the failure to do so would not be reasonably likely to have a Material Adverse Effect, and (iii) keep all material properties in good working order and condition (normal wear and tear excepted) and
from time to time make all necessary repairs to and renewals and replacements of such properties, except to the extent that any of such properties are obsolete or are being replaced; provided that it is acknowledged that Radiation Therapy Payroll
Services, Inc. is currently inactive. 
  
 9.4 Compliance with
Laws and Material Contracts. The Borrower will, and will cause each of its Subsidiaries (including all Excluded Subsidiaries) to, comply in all respects with all Requirements of Law applicable in respect of the conduct of its business and the
ownership and operation of its properties (including, without limitation, all applicable Medicare Regulations, Medicaid Regulations, and Environmental Laws and ERISA) and all Material Contracts, except to the extent the failure so to comply would
not be reasonably likely to have a Material Adverse Effect. 
  
 9.5 Payment of Obligations. The Borrower will, and will cause each of its Subsidiaries (including all Excluded Subsidiaries) to, (i) pay all liabilities and obligations as and when due (subject to any applicable subordination
provisions), except to the extent failure to do 

  

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so would not be reasonably likely to have a Material Adverse Effect, and (ii) pay and discharge all taxes, assessments and governmental charges or
levies imposed upon it, upon its income or profits or upon any of its properties, prior to the date on which penalties would attach thereto, and all lawful claims that, if unpaid, might become a Lien upon any of the properties of the Borrower or any
of its Subsidiaries; provided, however, that neither the Borrower nor any of its Subsidiaries shall be required to pay any such tax, assessment, charge, levy or claim that is being contested in good faith and by proper proceedings and
as to which the Borrower or such Subsidiary is maintaining adequate reserves with respect thereto in accordance with GAAP. 
  
 9.6 Insurance. The Borrower will, and will cause each of its Subsidiaries (including all Excluded Subsidiaries) to, maintain with financially sound
and reputable insurance companies insurance with respect to its assets, properties and business, against such hazards and liabilities, of such types and in such amounts, as is customarily maintained by companies in the same or similar businesses
similarly situated, and maintain such other or additional insurance on such terms and subject to such conditions as may be required under any Security Document. 
  

9.7 Maintenance of Books and Records; Inspection. The Borrower will, and will cause each of its Subsidiaries (including all Excluded
Subsidiaries) to, (i) maintain adequate books, accounts and records, in which full, true and correct entries shall be made of all financial transactions in relation to its business and properties, and prepare all financial statements required
under this Agreement, in each case in accordance with GAAP and in compliance with the requirements of any Governmental Authority having jurisdiction over it, and (ii) permit employees or agents of the Administrative Agent or any Lender to
inspect its properties and examine or audit its books, records, working papers and accounts and make copies and memoranda of them, and to discuss its affairs, finances and accounts with its officers and employees and, upon notice to the Borrower,
the independent public accountants of the Borrower and its Subsidiaries (including all Excluded Subsidiaries) (and by this provision the Borrower authorizes such accountants to discuss the finances and affairs of the Borrower and its Subsidiaries
(including all Excluded Subsidiaries)), all at such times and from time to time, upon reasonable notice and during business hours, as may be reasonably requested. 
  
 9.8 Managed Practices. The Borrower will cause each Managed Practice to (i) comply in all respects with all
Requirements of Law applicable in respect of the conduct of its business and the ownership and operation of its properties (including, without limitation, all applicable Medicare Regulations and Medicaid Regulations), and (ii) obtain, maintain
and preserve in full force and effect all other rights, franchises, permits, certifications, approvals, authorizations and other Licenses (including with respect to physician employees), and all Reimbursement Approvals, required by Governmental
Authorities and necessary to the ownership, occupation or use of its properties or the conduct of its business, except in each case under (i) and (ii) above to the extent the failure to do so would not be reasonably likely to have a
Material Adverse Effect. 
  
 9.9 Permitted Acquisitions.
(a) Subject to the provisions of subsection (b) below and the requirements contained in the definition of Permitted Acquisition and subject to the other terms and conditions of this Agreement, the Borrower may from time to time on or after
the Effective Date make Permitted Acquisitions, provided that, with respect to each Permitted Acquisition: 
  
 (i) no Default or Event of Default shall have occurred and be continuing at the time of the consummation of such Permitted Acquisition or
would exist immediately after giving effect thereto; and 
  

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 (ii) the Required Lenders shall have given their consent to such Acquisition which
consent shall (A) not be unreasonably withheld and (B) be given within ten (10) Business Days from the Administrative Agent’s receipt of the information, in form and substance satisfactory to the Administrative Agent in its
reasonable discretion, referred to in clauses (b) and (c) of this Section 9.9; provided that no such consent will be required if the Acquisition Amount with respect to such Acquisition, (y) shall not exceed
$12,000,000, and (z) together with the aggregate of the Acquisition Amounts for all other Permitted Acquisitions consummated during the same fiscal year and the aggregate amount of any “earnout” payments made in such fiscal year with
respect to any Permitted Acquisition, irrespective of when such Permitted Acquisition was consummated), shall not exceed (1) in the case of fiscal year 2005, $50,000,000, or (2) in the case of fiscal year 2006 and each fiscal year
thereafter, 100% of Consolidated EBITDA for the preceding fiscal year. 
  
 (b) Not less than ten (10) Business Days prior to the consummation of any Permitted Acquisition with respect to which the Required Lenders’ consent is required under Section 9.9(a)(ii), the Borrower shall have
delivered to the Administrative Agent the following: 
  
 (i) a reasonably detailed description of the material terms of such Permitted Acquisition (including, without limitation the Acquisition Amount and the method and structure of payment) and of each Person or business that is the subject of
such Permitted Acquisition (each, a “Target”); 
  
 (ii) historical financial statements of the Target (or, if there are two or more Targets that are the subject of such Permitted Acquisition and that are part of the same consolidated group, consolidated historical
financial statements for all such Targets for the two (2) most recent fiscal years available and, if available, for any interim periods since the most recent fiscal year-end; 
  
 (iii) consolidated projected income statement of the Target and its subsidiaries for the two-year period
following consummation of such Permitted Acquisition, in reasonable detail, together with any appropriate statement of assumptions and pro forma adjustments; and 
  
 (iv) a certificate, in form and substance reasonably satisfactory to the Administrative Agent, executed by a
Financial Officer setting forth the Acquisition Amount and further to the effect that, to the best of such individual’s knowledge (x) the consummation of such Permitted Acquisition will not result in a violation of any provision of this
Section and after giving effect to such Permitted Acquisition and any Borrowings made in connection therewith, the Borrower will be in compliance with the financial covenants contained in Article X such compliance determined with regard to
calculations made on a pro forma basis in accordance with GAAP as if each Target had been consolidated with the Borrower for those periods applicable to such covenants (such calculations to be attached to the certificate), (y) the Borrower
believes in good faith that 

  

 82 

 
it will continue to comply with such financial covenants for a period of one year following the date of the consummation of such Permitted Acquisition, and
(z) after giving effect to such Permitted Acquisition and any Borrowings in connection therewith, the Borrower believes in good faith that it will have sufficient availability under the Revolving Credit Commitments to meet its ongoing working
capital requirements, together with a Compliance Certificate giving effect to the Permitted Acquisition on a pro-forma basis. 
  
 (c) Prior to the consummation of any Permitted Acquisition with respect to which the Required Lenders’ consent is not required under
Section 9.9(a)(ii), the Borrower shall have delivered to the Administrative Agent and each Lender the following: 
  
 (i) a reasonably detailed description of the material terms of such Permitted Acquisition (including, without limitation the Acquisition
Amount and the method and structure of payment) and of the Target; and 
  
 (ii) a certificate, in form and substance reasonably satisfactory to the Administrative Agent, executed by a Financial Officer setting forth the Acquisition Amount and further to the effect that, to the best of such
individual’s knowledge, (x) the consummation of such Permitted Acquisition will not result in a violation of any provision of this Section and after giving effect to such Permitted Acquisition and any Borrowings made in connection
therewith, the Borrower will be in compliance with the financial covenants contained in Article X, such compliance determined with regard to calculations made on a pro forma basis in accordance with GAAP as if each Target had been
consolidated with the Borrower for those periods applicable to such covenants (such calculations to be attached to the certificate), (y) the Borrower believes in good faith that it will continue to comply with such financial covenants for a
period of one year following the date of the consummation of such Permitted Acquisition, and (z) after giving effect to such Permitted Acquisition and any Borrowings in connection therewith, the Borrower believes in good faith that it will have
sufficient availability under the Revolving Credit Commitments to meet its ongoing working capital requirements. 
  
 (d) As soon as reasonably practicable after the consummation of any Permitted Acquisition, the Borrower will deliver to the Administrative Agent and each
Lender a copy of the fully executed acquisition agreement (including schedules and exhibits thereto) and other material documents and closing papers delivered in connection therewith and any other documentation reasonably requested by the
Administrative Agent or the Lenders. 
  
 (e) The consummation of
each Permitted Acquisition shall be deemed to be a representation and warranty by the Borrower that (except as shall have been approved in writing by the Required Lenders) all conditions thereto set forth in this Section and in the description
furnished under clause (i) of subsection (b) or (c) above, as applicable, have been satisfied, that the same is permitted in accordance with the terms of this Agreement and that the matters certified to by the Financial Officer in the
certificate referred to in clause (iv) of subsection (b) or (c) above, as applicable, are, to the best of such individual’s knowledge, true and correct in all material respects as of the date such certificate is given, which
representation and warranty shall be deemed to be a representation and warranty as of the date thereof for all purposes hereunder, including, without limitation, for purposes of Sections 7.2 and 12.1. 
  

 83 

 9.10 Creation or Acquisition of Subsidiaries. Subject to the provisions of
Section 11.5, the Borrower may from time to time create or acquire new Subsidiaries (including Excluded Subsidiaries) in connection with Permitted Acquisitions or otherwise, and the Subsidiaries of the Borrower may create or acquire new
Subsidiaries, provided that: 
  
 (a) Concurrently with (and
in any event within ten (10) Business Days thereafter) the creation or direct or indirect acquisition by the Borrower thereof, each such new Subsidiary that is not designated as an Excluded Subsidiary will execute and deliver to the
Administrative Agent (i) a joinder to the Subsidiary Guaranty, pursuant to which such new Subsidiary shall become a party thereto and shall guarantee the payment in full of the Obligations of the Borrower under this Agreement and the other
Credit Documents, (ii) a joinder to the Security Agreement, pursuant to which such new Subsidiary shall become a party thereto and shall, grant to the Administrative Agent a first priority Lien upon and security interest in its accounts
receivable, inventory, equipment, general intangibles and other personal property as Collateral for its obligations under the Subsidiary Guaranty, subject only to Permitted Liens and (iii) a Mortgage with respect to any real property owned by
such Subsidiary (or a landlord lien waiver with respect to any real property leased by such Subsidiary), together with all Mortgaged Property Support Documents; provided, however, that in the event any real property owned by such
Subsidiary has an appraised or book value of $750,000 or less, a Mortgage shall only be required upon the request of the Administrative Agent or the Required Lenders; 
  
 (b) Concurrently with (and in any event within ten (10) Business Days thereafter) the creation or acquisition of any
new Subsidiary (including any Excluded Subsidiary) all or a portion of the Capital Stock of which is directly owned by the Borrower, the Borrower will execute and deliver to the Administrative Agent an amendment or supplement to the Security
Agreement pursuant to which all of the Capital Stock of such new Subsidiary owned by the Borrower shall be pledged to the Administrative Agent, together with the certificates evidencing such Capital Stock and undated stock powers duly executed in
blank; and concurrently with (and in any event within ten (10) Business Days thereafter) the creation or acquisition of any new Subsidiary all or a portion of the Capital Stock of which is directly owned by another Subsidiary (the “Parent
Subsidiary”), the Parent Subsidiary will execute and deliver to the Administrative Agent an appropriate joinder, amendment or supplement to the Security Agreement pursuant to which all of the Capital Stock of such new Subsidiary owned by such
Parent Subsidiary shall be pledged to the Administrative Agent, together with the certificates evidencing such Capital Stock and undated stock powers duly executed in blank; and 
  
 (c) As promptly as reasonably possible, the Borrower and its Subsidiaries (including all Excluded Subsidiaries) will deliver
any such other documents, certificates and opinions, and opinions of local counsel in the jurisdiction of organization of each such new Subsidiary (including an Excluded Subsidiary), in form and substance reasonably satisfactory to the
Administrative Agent, as the Administrative Agent may reasonably request in connection therewith and will take such other action as the Administrative Agent may reasonably request to create in favor of the Administrative Agent a perfected security
interest in the Collateral being pledged pursuant to the documents described above. 
  
 9.11 Additional Security. The Borrower will, and will cause each of its Subsidiaries to grant to the Administrative Agent from time to time security interests, mortgages and other Liens in and upon such assets
and properties of the Borrower or such Subsidiary as are not covered by 

  

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the Security Documents executed and delivered before or on the Effective Date or pursuant to Section 9.10 (including, without limitation, Liens
on assets acquired by the Borrower or a Subsidiary in connection with any Permitted Acquisition) provided, however, that in the event any real property owned by the Borrower or such Subsidiary has an appraised or book value of $750,000
or less, a Mortgage shall only be required upon the request of the Administrative Agent or the Required Lenders. Such security interests, mortgages and Liens shall be granted pursuant to documentation in form and substance reasonably satisfactory to
the Administrative Agent and shall constitute valid and perfected security interests and Liens subject to no Liens other than Permitted Liens. Without limitation of the foregoing, in connection with the grant of any mortgage or deed of trust with
respect to any interest in real property, the Borrower will, and will cause each applicable Subsidiary to, at the Borrower’s expense, prepare, obtain and deliver to the Administrative Agent all Mortgaged Property Support Documents. 

 
 9.12 Designated Excluded Subsidiaries. So long as no Event of
Default shall have occurred and be continuing, Borrower may from time to time redesignate any Excluded Subsidiary as a non-Excluded Subsidiary and upon such redesignation shall comply with the provisions of Section 9.10 within the time
periods provided for therein with respect to the execution and delivery of a Subsidiary Guaranty and Security Agreement. If an Event of Default has occurred and is continuing, the Administrative Agent may so redesignate any or all of the Excluded
Subsidiaries and shall give notice to the Borrower of any such selection in accordance with Section 14.5, and thereafter, such redesignated Subsidiaries shall comply with the requirements of Section 9.10. 
  
 9.13 Employee Benefit Plans. 
  
 (a) With reasonable promptness, and in any event within thirty (30) days
thereof, give notice to the Administrative Agent of (a) the establishment of any new Pension Plan (which notice shall include a copy of such plan), (b) the commencement of contributions to any Employee Benefit Plan to which the Borrower or
any of its ERISA Affiliates was not previously contributing, (c) any material increase in the benefits of any existing Employee Benefit Plan, (d) each funding waiver request filed with respect to any Pension Plan and all communications
received or sent by the Borrower or any ERISA Affiliate with respect to such request and (e) the failure of the Borrower or any ERISA Affiliate to make a required installment or payment under Section 302 of ERISA or Section 412 of the
Code (in the case of Employee Benefit Plans regulated by the Code or ERISA) or under any Foreign Benefit Law (in the case of Employee Benefit Plans regulated by any Foreign Benefit Law) by the due date; 
  
 (b) Promptly and in any event within fifteen (15) days of becoming aware
of the occurrence or forthcoming occurrence of any (a) Termination Event or (b) nonexempt “prohibited transaction,” as such term is defined in Section 406 of ERISA or Section 4975 of the Code, in connection with any
Employee Benefit Plan or any trust created thereunder, deliver to the Administrative Agent a notice specifying the nature thereof, what action the Borrower or any ERISA Affiliate has taken, is taking or proposes to take with respect thereto and,
when known, any action taken or threatened by the Internal Revenue Service, the Department of Labor or the PBGC with respect thereto; and 
  
 (c) With reasonable promptness but in any event within fifteen (15) days for purposes of clauses (i), (ii) and (iii), deliver to the
Administrative Agent copies of (i) any unfavorable 

  

 85 

 
determination letter from the Internal Revenue Service regarding the qualification of an Employee Benefit Plan under Section 401(a) of the Code,
(ii) all notices received by the Borrower or any ERISA Affiliate of the PBGC’s or any Governmental Authority’s intent to terminate any Pension Plan or to have a trustee appointed to administer any Pension Plan, (iii) each
Schedule B (Actuarial Information) to the annual report (Form 5500 Series) filed by the Borrower or any ERISA Affiliate with the Internal Revenue Service with respect to each Employee Benefit Plan and (iv) all notices received by the Borrower
or any ERISA Affiliate from a Multiemployer Plan sponsor concerning the imposition or amount of withdrawal liability pursuant to Section 4202 of ERISA. The Borrower will notify the Administrative Agent in writing within five (5) Business
Days of the Borrower or any ERISA Affiliate obtaining knowledge or reason to know that the Borrower or any ERISA Affiliate has filed or intends to file a notice of intent to terminate any Pension Plan under a distress termination within the meaning
of Section 4041(c) of ERISA. 
  
 9.14 Further
Assurances. The Borrower will, and will cause each of its Subsidiaries (including all Excluded Subsidiaries) to, make, execute, endorse, acknowledge and deliver any amendments, modifications or supplements hereto and restatements hereof and any
other agreements, instruments or documents, and take any and all such other actions, as may from time to time be reasonably requested by the Administrative Agent or the Required Lenders to perfect and maintain the validity and priority of the Liens
granted pursuant to the Security Documents and to effect, confirm or further assure or protect and preserve the interests, rights and remedies of the Administrative Agent and the Lenders under this Agreement and the other Credit Documents.

  
 9.15 Conditions Subsequent. The Borrower shall
diligently pursue and cause to be delivered to the Administrative Agent those items listed on Schedule 9.15 within the respective time periods set forth therein. 
  
 ARTICLE X 
  
 FINANCIAL COVENANTS 
  
 The Borrower covenants and agrees that, until the termination of the Revolving Credit Commitments, the termination or expiration of all Letters of Credit and the payment
in full of all principal and interest with respect to the Loans and all Reimbursement Obligations together with all other amounts then due and owing hereunder: 
  

10.1 Leverage Ratio. The Borrower will not permit the Leverage Ratio as of the last day of any fiscal quarter ending during the applicable
period set forth below, for the four consecutive fiscal quarter period ending on such date, to be greater than that ratio set forth opposite each such period: 
  

			
	 Period

	  	 Leverage Ratio
 Must Not Be Greater Than

	 Effective Date through and including September 30, 2006
	  	3.50 to 1.00
	 October 1, 2006 through and including December 31, 2007
	  	3.25 to 1.00
	 January 1, 2008 and thereafter
	  	3.00 to 1.00

  

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 10.2 Fixed Charge Coverage Ratio. The Borrower shall not permit the Fixed Charge Coverage Ratio,
as determined for and at the end of each period of four consecutive fiscal quarters to be less than 1.50 to 1.00. 
  
 10.3 Interest Coverage Ratio. The Borrower shall not permit the Interest Coverage Ratio, as determined for and at the end of each period of four
consecutive fiscal quarters to be less than 3.75 to 1.00. 
  
 ARTICLE XI 
  
 NEGATIVE COVENANTS

  
 The Borrower covenants and agrees that, until the termination of the
Revolving Credit Commitments, the termination or expiration of all Letters of Credit and the payment in full of all principal and interest with respect to the Loans and all Reimbursement Obligations together with all other amounts then due and owing
hereunder: 
  
 11.1 Merger; Consolidation. The Borrower
will not, and will not permit or cause any of its Subsidiaries (including any Excluded Subsidiary) to, liquidate, wind up or dissolve, or enter into any consolidation, merger or other combination, or agree to do any of the foregoing;
provided, however, that, subject to the limitations of Section 11.22: 
  
 (i) the Borrower may merge, consolidate or combine with another Person so long as (x) the Borrower is the surviving entity,
(y) unless such other Person is a Wholly Owned Subsidiary immediately prior to giving effect thereto, such merger or consolidation shall constitute a Permitted Acquisition and the applicable conditions and requirements of Sections 9.9
and 9.10 shall be satisfied, and (z) immediately after giving effect thereto, no Default or Event of Default would exist; and 
  
 (ii) any Subsidiary (including any Excluded Subsidiary) may merge, consolidate (including dissolution, as long as the assets of the
dissolved Subsidiary are transferred to the Borrower or a Wholly Owned Subsidiary that is a Subsidiary Guarantor prior to or concurrently with such dissolution) or combine with another Person so long as (x) the surviving entity is the Borrower
or a Wholly Owned Subsidiary that is a Subsidiary Guarantor, (y) unless such other Person is a Wholly Owned Subsidiary immediately prior to giving effect thereto such merger or consolidation shall constitute a Permitted Acquisition and the
applicable conditions and requirements of Sections 9.9 and 9.10 shall be satisfied; and (z) immediately after giving effect thereto, no Default or Event of Default would exist, 
  
 11.2 Indebtedness. The Borrower will not, and will not permit or cause
any of its Subsidiaries (including any Excluded Subsidiary) to create, incur, assume or suffer to exist any Indebtedness other than: 
  
 (i) Indebtedness incurred under this Agreement, the Notes and the Subsidiary Guaranty; 
  

 87 

 (ii) Indebtedness described in Schedule 11.2; 
  
 (iii) accrued expenses (including salaries, accrued vacation
and other compensation), current trade or other accounts payable and other current liabilities arising in the ordinary course of business and not incurred through the borrowing of money, provided that the same shall be paid when due except
(i) to the extent being contested in good faith and by appropriate proceedings and (ii) as provided elsewhere in this Agreement; 
  
 (iv) loans and advances by the Borrower or any Subsidiary to any other Subsidiary; provided that any such loan or advance is by an
Intercompany Note, pledged to the Administrative Agent pursuant to the Security Agreement; 
  
 (v) purchase money Indebtedness of the Borrower and its Subsidiaries (including any Excluded Subsidiary) incurred solely to finance the
payment of all or part of the purchase price of any equipment, real property or other fixed assets and Indebtedness in respect of capital lease obligations, and any renewals, refinancings or replacements thereof, in an aggregate principal amount
(including any such purchase money Indebtedness and capital leases existing on the Effective Date) outstanding at any time not exceeding $40,000,000; 
  
 (vi) Indebtedness arising from any Hedge Agreement; 
  
 (vii) Indebtedness with respect to Permitted Excluded Subsidiary Loans; 
  
 (viii) (A) Indebtedness of the Borrower or any Subsidiary
owing to the seller(s) in connection with one or more Permitted Acquisitions, provided that such Indebtedness is unsecured and, subordinated in right and time of payment upon the occurrence of an Event of Default hereunder, and shall have
such other terms (including but not limited to a 180 day standstill provision), conditions and provisions reasonably satisfactory in form and substance to the Administrative Agent, (B) Contingent Obligations permitted under
Section 11.16(v), and (C) purchase money Indebtedness of the Borrower and its Subsidiaries (including any Excluded Subsidiary) incurred solely to finance the purchase price of a Permitted Acquisition that is expressly subordinated
and made junior in right and time of payment to the Obligations and that is evidenced by one or more written agreements or instruments having terms, conditions and provisions (including, without limitation, provisions relating to principal amount,
maturity, covenants, defaults, interest, and subordination) satisfactory in form and substance to the Required Lenders in their sole discretion, and, with respect to clauses (A), (B) and (C) any renewals, refinancings or replacements
thereof; provided that all such Indebtedness under this clause (viii) shall not exceed an aggregate principal amount (including any such Indebtedness existing on the Effective Date) of $15,000,000 outstanding at any time; and 

 
 (ix) (A) unsecured Indebtedness of the Borrower that is
evidenced by one or more written agreements or instruments having terms, conditions and provisions 

  

 88 

 
(including, without limitation, provisions relating to principal amount, maturity, covenants, defaults and interest) satisfactory in form and substance to
the Required Lenders in their sole discretion, and any renewals, refinancings or replacements thereof (collectively, the “Subordinated Indebtedness”) (B) Contingent Obligations permitted under Section 11.16(i), (ii), (iii),
(iv) and (vi), and (C) any other Indebtedness not otherwise covered under clauses (i) through (vii) above or clauses (A) and (B) hereof, provided that all such Indebtedness under this clause (ix) shall
not exceed an aggregate principal amount (including such Indebtedness and Contingent Obligations existing on the Effective Date) of $15,000,000 outstanding at any time. 
  
 11.3 Liens. The Borrower will not, and will not permit or cause any of its Subsidiaries (including any Excluded
Subsidiary) to, directly or indirectly, make, create, incur, assume or suffer to exist, any Lien upon or with respect to any part of Borrower’s, any Subsidiaries’ or any Excluded Subsidiaries’ property or assets, whether now owned or
hereafter acquired, or file or permit the filing of, or permit to remain in effect, any financing statement or other similar notice of any Lien with respect to any such property, asset, income or profits under the Uniform Commercial Code of any
state or under any similar recording or notice statute, or agree to do any of the foregoing, other than the following (collectively, “Permitted Liens”): 
  
 (i) Liens created under the Security Documents; 
  
 (ii) Liens imposed by law, such as Liens of carriers,
warehousemen, mechanics, materialmen and landlords, and other similar Liens incurred in the ordinary course of business for sums not constituting borrowed money that are not overdue for a period of more than thirty (30) days or that are being
contested in good faith by appropriate proceedings and for which adequate reserves have been established in accordance with GAAP (if so required); 
  
 (iii) Liens (other than any Lien imposed by ERISA, the creation or incurrence of which would result in an Event of Default under
Section 12.1(j)) incurred in the ordinary course of business in connection with worker’s compensation, unemployment insurance or other forms of governmental insurance or benefits, or to secure the performance of letters of credit,
bids, tenders, statutory obligations, surety and appeal bonds, leases, government contracts and other similar obligations (other than obligations for borrowed money) entered into in the ordinary course of business; 
  
 (iv) Liens for taxes, assessments or other governmental
charges or statutory obligations that are not delinquent or remain payable without any penalty or that are being contested in good faith by appropriate proceedings and for which adequate reserves have been established in accordance with GAAP (if so
required); 
  
 (v) Liens securing the
Indebtedness permitted under clauses (v) and (vi)(C) and (vi)(B) of Section 11.2, provided that with respect to any such purchase money Indebtedness, any such Lien (a) shall attach to such property concurrently with or
within ten (10) days after the acquisition thereof by the Borrower or such Subsidiary, (b) shall not exceed the lesser of (y) the fair market value of such property or (z) the cost thereof to the Borrower or such Subsidiary and
(c) shall not encumber any other property of the Borrower or any of its Subsidiaries; 
  

 89 

 (vi) any attachment or judgment Lien not constituting an Event of Default under
Section 12.1(h) that is being contested in good faith by appropriate proceedings and for which adequate reserves have been established in accordance with GAAP (if so required); 
  
 (vii) Liens arising from the filing, for notice purposes
only, of financing statements in respect of true leases; 
  
 (viii) with respect to any real property owned by the Borrower or any of its Subsidiaries, all easements, rights of way, licenses and similar encumbrances on title that do not materially impair the use of such
property for its intended purposes and those exceptions disclosed on the Title Policy delivered by the Borrower and accepted by the Administrative Agent under Section 7.1(a)(vi);  
  
 (ix) Liens securing the Indebtedness permitted under clause
(vi)(C) of Section 11.2; 
  
 (x)
Liens set forth on Schedule 11.3; and 
  
 (xi) Liens in favor of the Borrower securing any Permitted Excluded Subsidiary Loan. 
  
 11.4 Disposition of Assets. The Borrower will not, and will not permit or cause any of its Subsidiaries (including any Excluded Subsidiary) to, sell, assign, lease, convey, transfer or otherwise dispose of
(whether in one or a series of transactions) all or any portion of its assets, business or properties (including, without limitation, any Capital Stock of any Subsidiary), or enter into any arrangement with any Person providing for the lease by the
Borrower or any Subsidiary as lessee of any asset that has been sold or transferred by the Borrower or such Subsidiary to such Person, or agree to do any of the foregoing, except for: 
  
 (i) sales of inventory in the ordinary course of business; 
  
 (ii) the sale or exchange of used or obsolete equipment to
the extent (y) the proceeds of such sale are applied towards, or such equipment is exchanged for, replacement equipment or (z) such equipment is no longer necessary for the operations of the Borrower or its applicable Subsidiary in the
ordinary course of business; provided, however, that no such equipment referred to in this clause (z) may be sold if its fair market value exceeds $250,000 unless approved by the Required Lenders; 
  
 (iii) the sale or other disposition by the Borrower and its
Subsidiaries of any Borrower Margin Stock to the extent the fair market value thereof exceeds 25% of the fair market value of the assets of the Borrower and its Subsidiaries (including Borrower Margin Stock), provided that fair value is received in
exchange therefor; 
  
 (iv) the sale, lease or
other disposition of assets by a Subsidiary of the Borrower to a Subsidiary Guarantor if, immediately after giving effect thereto, no Default or Event of Default would exist; 
  

 90 

 (v) the sale or disposition of assets outside the ordinary course of business for fair
value and for cash, provided that (w) the Net Cash Proceeds from such sales or dispositions, when aggregated with the Net Cash Proceeds from all other sales and dispositions not otherwise specifically permitted under this Section that
are consummated during the same fiscal year do not exceed $400,000 in the aggregate, (x) such Net Cash Proceeds are delivered to the Administrative Agent promptly after receipt thereof for application in prepayment of the Loans in accordance
with the provisions of Sections 2.3(b) and 3.6, (y) in no event shall the Borrower or any of its Subsidiaries sell or otherwise dispose of any of the Capital Stock of any Subsidiary, and (z) immediately after giving effect
thereto no Default or Event of Default would exist; 
  
 (vi) any other sale or disposition approved at the sole discretion of the Required Lenders such approval to be given within three Business Days from receipt of information satisfactory to the Administrative Agent and the other Lender in
their reasonable discretion; and 
  
 (vii)
dispositions by the Borrower or any Subsidiary of real property pursuant to sale-leaseback transactions, provided that such property was acquired for the purpose of constructing or renovating a cancer radiation facility thereon for sale and
leaseback to the Borrower or any Subsidiary, and including without limitation any such transaction in which either the end purchaser/lessor under such transaction or the Borrower or any such Subsidiary funds the construction of the improvements, and
further provided that (A) such disposition is consummated within 180 days of the issuance of the certificate of occupancy for such facility, (B) the sale proceeds received by the Borrower or Subsidiary, as applicable, are not
less than the Borrower/Subsidiary’s actual cost of acquisition and construction for such facility, and (C) the sale proceeds from such disposition are used within five days of receipt thereof to prepay Revolving Credit Outstandings.

  
 11.5 Investments. The Borrower will not, and will not
permit or cause any of its Subsidiaries (including any Excluded Subsidiary) to, directly or indirectly, purchase, own, invest in or otherwise acquire any Capital Stock, evidence of Indebtedness or other obligation or security or any interest
whatsoever in any other Person, or make or permit to exist any loans, advances or extensions of credit to, or any investment in cash or by delivery of property in, any other Person, or purchase or otherwise acquire (whether in one or a series of
related transactions) any portion of the assets, business or properties of another Person (including pursuant to an Acquisition), or create or acquire any Subsidiary, or become a partner or joint venturer in any partnership or joint venture
(collectively, “Investments”), or make a commitment or otherwise agree to do any of the foregoing, other than (subject to, with respect to the Borrower, the limitations of Section 11.22): 
  
 (i) Cash Equivalents; 
  
 (ii) Investments consisting of accounts receivable created
and prepaid expenses incurred, in the ordinary course of business; 
  
 (iii) Investments consisting of loans and advances to employees for reasonable travel, relocation and business expenses in the ordinary course of business; 
  

 91 

 (iv) without duplication, Investments consisting of intercompany Indebtedness permitted
under clause (iv) of Section 11.2; 
  
 (v) Investments existing on the Effective Date in Subsidiaries and described in Schedule 11.5; 
  
 (vi) Investments by Borrower under the Related Hedge Agreements; 
  
 (vii) Investments consisting of the making of capital contributions by the Borrower or any Subsidiary in
(y) any other Subsidiary that is (or immediately after giving effect to such Investment will be) a Subsidiary Guarantor, and (z) in any Excluded Subsidiary, provided that (I) the Borrower complies with any applicable provisions
of Section 9.10, (II) the aggregate amount of all such Investments (including Permitted Excluded Subsidiary Loans) made during any fiscal year shall not exceed $5,000,000 for each such Investment, and $15,000,000 in the aggregate per
fiscal year (and in any case, not more than four (4) in each fiscal year); and (III) for each such Investment, the Borrower shall have delivered to the Administrative Agent the information required under clauses (i), (iii) and (iv) of
Section 9.9(b) (as if such clauses are applicable to the Investments permitted under this clause (vii)); 
  
 (viii) Permitted Acquisitions; 
  
 (ix) Investments in any partnership or joint venture which is not a Subsidiary or an Excluded Subsidiary, but which is reflected on the
Borrower’s financial statements in accordance with the equity method of accounting, such Investments not to exceed $5,000,000 in the aggregate per fiscal year; and 
  
 (x) Other Investments not otherwise described in clauses (i)-(ix) above, the aggregate amount of such
Investments which shall not exceed $5,000,000. 
  
 11.6
Restricted Payments. (a) The Borrower will not, and will not permit or cause any of its Subsidiaries (including any Excluded Subsidiary) to, directly or indirectly, declare or make any Restricted Payment or enter into any agreement to do
any of the foregoing, except that: 
  
 (i) if and
to the extent that after giving effect thereto, (i) the Leverage Ratio calculated for the period of four consecutive fiscal quarters most recently ended on or immediately prior to the date of each such distribution is less than or equal to 2.00
to 1.00 and the Compliance Certificate for the fiscal year ending December 31, 2005, has been delivered, and (ii) no Event of Default, including any default under Section 10 hereunder shall have occurred and be continuing or
would occur as a result thereof, the Borrower may make Restricted Payments; 
  
 (ii) the Borrower may make other distributions payable solely in its common stock; 
  
 (iii) each Wholly Owned Subsidiary of the Borrower may declare and make dividend payments or other distributions to the Borrower or
another Wholly Owned 

  

 92 

 
Subsidiary of the Borrower, to the extent not prohibited under applicable Requirements of Law; and 
  
 (iv) so long as no Event of Default has occurred or is
continuing, each Excluded Subsidiary may declare and make dividend payments or other distributions, to the extent not prohibited under applicable Requirements of Law. 
  
 (b) Without the consent of the Required Lenders, the Borrower will not, and will not permit or cause any of its Subsidiaries
(including any Excluded Subsidiary) to make (or give any notice in respect of) any voluntary or optional payment or prepayment of principal on any Subordinated Indebtedness, or directly or indirectly make any redemption (including pursuant to any
change of control provision), retirement, defeasance or other acquisition for value of any Subordinated Indebtedness, or make any deposit or otherwise set aside funds for any of the foregoing purposes; except that, for so long as no Default
or Event of Default has occurred and is continuing, the Borrower may make interest payments with respect to the Subordinated Indebtedness in accordance with the applicable provisions of the Subordinated Indebtedness. 
  
 11.7 Transactions with Affiliates. The Borrower will not, and will not
permit or cause any of its Subsidiaries (including any Excluded Subsidiary) to, enter into any transaction (including, without limitation, any purchase, sale, lease or exchange of property or the rendering of any service) with any officer, director,
stockholder or other Affiliate of the Borrower or any Subsidiary, except in the ordinary course of its business and upon fair and reasonable terms that are substantially as favorable to it as would be obtainable in a comparable arm’s length
transaction with a Person other than an Affiliate of the Borrower or such Subsidiary; provided, however, that nothing contained in this Section shall prohibit: 
  
 (i) transactions described on Schedule 11.7 or otherwise expressly permitted under this Agreement;
and 
  
 (ii) the payment by the Borrower of
reasonable and customary fees and indemnities to, and reimbursement of out-of-pocket expenses of, members of its board of directors. 
  
 11.8 Change in Business. The Borrower will not, and will not permit or cause any of its Subsidiaries (including any Excluded Subsidiary) to, make
any material change in the nature of business conducted by the Borrower and its Subsidiaries on the date hereof, except to enter into and conduct any business or businesses reasonably related or ancillary thereto. 
  
 11.9 Revenue. The Borrower shall not permit the percentage of the
total revenue of the Borrower, its Subsidiaries and its Excluded Subsidiaries for any fiscal quarter that is derived from the Excluded Subsidiaries to exceed 15%. 
  
 11.10 Capital Expenditures. The Borrower will not permit the aggregate Capital Expenditures of the Borrower and its
Subsidiaries in any fiscal year to be greater than (i) in the case of fiscal year 2005, $35,000,000, and (ii) in the case of each other fiscal year, the percentage of the net book value of the Borrower’s Capital Assets determined as
of the end of the immediately preceding fiscal year as set forth below, in each case excluding any Capital Expenditures for any Permitted Acquisition during such fiscal year: 
  

				
	 Fiscal Year of
 Capital
Expenditure

	  	Percentage
of Prior Fiscal Year’s
Capital Assets

	 
	 2006
	  	37	%
	 2007
	  	30	%
	 2008 and thereafter
	  	25	%

  

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 11.11 Certain Amendments. The Borrower will not, and will not permit or cause any of its
Subsidiaries (including any Excluded Subsidiary) to, (i) amend, modify or waive, or permit the amendment, modification or waiver of, any provision of any agreement or instrument evidencing or governing any Subordinated Indebtedness, the effect
of which would be to (a) increase the principal amount due thereunder, (b) shorten or accelerate the time of payment of any amount due thereunder, (c) increase the applicable interest rate or amount of any fees or costs due
thereunder, (d) amend any of the subordination provisions thereunder (including any of the definitions relating thereto), (e) make any covenant therein more restrictive or add any new covenant; or (f) otherwise materially and
adversely affect the Lenders, or breach or otherwise violate any of the subordination provisions applicable thereto, including, without limitation, restrictions against payment of principal and interest thereon, or (ii) amend, modify or change
any provision of its articles or certificate of incorporation or bylaws, or the terms of any class or series of its Capital Stock, other than in a manner that could not reasonably be expected to adversely affect the Lenders. 
  
 11.12 Limitation on Certain Restrictions. The Borrower will not, and
will not permit or cause any of its Subsidiaries (including any Excluded Subsidiary) to, directly or indirectly, create or otherwise cause or suffer to exist or become effective any restriction or encumbrance on (i) the ability of the Borrower
and its Subsidiaries (including any Excluded Subsidiary) to perform and comply with their respective obligations under the Credit Documents or (ii) the ability of any Subsidiary of the Borrower (including any Excluded Subsidiary) to make any
dividend payments or other distributions in respect of its Capital Stock, to repay Indebtedness owed to the Borrower or any other Subsidiary, to make loans or advances to the Borrower or any other Subsidiary, or to transfer any of its assets or
properties to the Borrower or any other Subsidiary, in each case other than such restrictions or encumbrances existing under or by reason of the Credit Documents or applicable Requirements of Law. 
  
 11.13 No Other Negative Pledges. The Borrower will not, and will not
permit or cause any of its Subsidiaries (including any Excluded Subsidiary) to, directly or indirectly, enter into or suffer to exist any agreement or restriction that prohibits or conditions the creation, incurrence or assumption of any Lien upon
or with respect to any part of its property or assets, whether now owned or hereafter acquired, or agree to do any of the foregoing, other than as set forth in (i) this Agreement and the Security Documents, (ii) any agreement or instrument
creating a Permitted Lien (but only to the extent such agreement or restriction applies to the assets subject to such Permitted Lien), and (iii) operating leases of real or personal property entered into by the Borrower or any of its
Subsidiaries as lessee in the ordinary course of business. 
  

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 11.14 Fiscal Year. The Borrower will not, and will not permit or cause any of its Subsidiaries
(including any Excluded Subsidiary) to, change the ending date of its fiscal year to a date other than December 31. 
  
 11.15 Accounting Changes. The Borrower will not, and will not permit or cause any of its Subsidiaries (including any Excluded Subsidiary) to make
or permit any material change in its accounting policies or reporting practices, except as may be required by GAAP. 
  
 11.16 Restriction on Contingent Obligations. The Borrower will not, and will not permit or cause any of its Subsidiaries (including any Excluded
Subsidiary) to, incur Contingent Obligations, other than (i) the endorsement of negotiable instruments in the ordinary course of business, (ii) Contingent Obligations incurred as a result of the Subsidiary Guaranty, (iii) guarantees
of Indebtedness permitted under Section 11.2, (iv) guarantees of other Indebtedness in an aggregate amount not to exceed $3,000,000 at any time, which shall include any Contingent Obligation incurred on behalf of any Excluded
Subsidiary, (v) Contingent Obligations, constituting the Acquisition Amount of any Permitted Acquisition, owing to a seller in connection with a Permitted Acquisition, which Contingent Obligations are unsecured and shall have terms, conditions
and provisions reasonably satisfactory in form and substance to the Administrative Agent, and (vi) each such Contingent Obligation which is described on Schedule 11.16 attached hereto. 
  
 11.17 Hazardous Substances. The Borrower will not, and will not permit
any of its Subsidiaries (including any Excluded Subsidiary) to, permit any Hazardous Substances, the removal of which is required or the maintenance of which is restricted, prohibited or penalized by any Governmental Authority, to be brought on or
handled by the Borrower or any of its Subsidiaries (including any Excluded Subsidiary) or any of their agents, Affiliates, employees, contractors or invitees, on any real property owned or leased by the Borrower or any of its Subsidiaries, except in
compliance with all applicable Environmental Laws; and if any such material is brought or handled in violation of any applicable Environmental Law, it shall be immediately removed, with proper disposal, and all required environmental cleanup
procedures shall be diligently undertaken pursuant to all Environmental Laws, and the obligations hereunder with respect to any such materials brought on or handled while the Borrower or any of its Subsidiaries owned or leased any such real property
shall survive any foreclosure of the Mortgages and other deeds of trust or mortgages. THE BORROWER HEREBY ACKNOWLEDGES THAT FOR SO LONG AS THE LENDERS HAVE NOT FORECLOSED AND TAKEN TITLE TO, AND POSSESSION AND CONTROL OF THE MORTGAGED PROPERTY,
AND TAKEN OVER CONTROL OF WASTE HANDLING PRACTICES, ALL HAZARDOUS WASTE HANDLING PRACTICES AND ENVIRONMENTAL PRACTICES AND PROCEDURES ARE THE SOLE RESPONSIBILITY OF THE BORROWER AND ITS SUBSIDIARIES (INCLUDING ANY EXCLUDED SUBSIDIARY) AND THE
BORROWER HAS FULL DECISION-MAKING POWER WITH RESPECT THERETO. THE BORROWER FURTHER ACKNOWLEDGES THAT NEITHER THE ADMINISTRATIVE AGENT NOR ANY LENDER IS AN ENVIRONMENTAL CONSULTANT, ENGINEER, INVESTIGATOR OR INSPECTOR OF ANY TYPE WHATSOEVER. NO ACT
(OR DECISION NOT TO ACT) OF THE ADMINISTRATIVE AGENT OR ANY LENDER RELATED TO THIS AGREEMENT OR ANY CREDIT DOCUMENT SHALL GIVE RISE TO ANY OBLIGATION OR LIABILITY ON THE PART OF THE ADMINISTRATIVE AGENT 

  

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OR ANY LENDER WITH RESPECT TO ENVIRONMENTAL MATTERS UNLESS SUCH ACTION IS AFTER THE LENDERS HAVE FORECLOSED ON AND TAKEN POSSESSION AND CONTROL OF THE
SUBJECT PROPERTY AND SUCH ACTION PROXIMATELY RESULTS IN SUCH CONTAMINATION. IN NO EVENT SHALL ANY INFORMATION OBTAINED FROM THE ADMINISTRATIVE AGENT OR ANY LENDER OR THEIR RESPECTIVE AGENTS PURSUANT TO THIS AGREEMENT OR ANY CREDIT DOCUMENT
CONCERNING THE ENVIRONMENTAL CONDITION OF THE MORTGAGED PROPERTY BE CONSIDERED BY THE BORROWER OR ANY OF ITS SUBSIDIARIES (OR ANY OTHER RECIPIENT OF SUCH INFORMATION) AS CONSTITUTING LEGAL OR ENVIRONMENTAL CONSULTING, ENGINEERING, INVESTIGATING OR
INSPECTING ADVICE, AND NEITHER THE BORROWER NOR ANY OF ITS SUBSIDIARIES (NOR ANY OTHER RECIPIENT OF SUCH INFORMATION) SHALL RELY ON SAID INFORMATION. THE RESPONSIBILITY FOR COMPLIANCE WITH VARIOUS FEDERAL, STATE AND LOCAL ENVIRONMENTAL, HEALTH OR
SAFETY LAWS AND REGULATIONS RESTS SOLELY WITH THE BORROWER AND ITS SUBSIDIARIES FOR SO LONG AS THE LENDERS HAVE NOT FORECLOSED AND TAKEN TITLE TO, AND POSSESSION AND CONTROL OF THE MORTGAGED PROPERTY, AND TAKEN OVER CONTROL OF WASTE HANDLING
PRACTICES. 
  
 11.18 Pledge of Partnerships and Joint
Ventures that are not Subsidiaries. Borrower shall not, and shall not permit any Subsidiary (including any Excluded Subsidiary) to, pledge any of its right, title or ownership interest in (i) any partnership or joint venture that does not
constitute a Subsidiary, which ownership interest is permitted pursuant to Section 11.5(x) hereunder other than the Liens in favor of the Administrative Agent conferred under the Security Documents or (ii) any Excluded Subsidiary,
other than the Liens in favor of the Administrative Agent conferred under the Security Documents. 
  
 11.19 Foreign Subsidiaries. Borrower shall not, and shall not permit any Subsidiary (including any Excluded Subsidiary) to, create or maintain an
interest in any foreign Subsidiary. 
  
 11.20 Compliance with
ERISA, the Code and Foreign Benefit Laws. With respect to any Pension Plan, Employee Benefit Plan or Multiemployer Plan, the Borrower shall not permit any Subsidiary (including Excluded Subsidiary) to: 
  
 (a) permit the occurrence of any Termination Event which would result in a
liability on the part of the Borrower or any ERISA Affiliate to the PBGC or to any Governmental Authority; or 
  
 (b) permit the present value of all benefit liabilities under all Pension Plans to exceed the current value of the assets of such Pension Plans allocable
to such benefit liabilities; or 
  
 (c) permit any accumulated
funding deficiency (as defined in Section 302 of ERISA and Section 412 of the Code) with respect to any Pension Plan, whether or not waived; or 
  
 (d) fail to make any contribution or payment to any Multiemployer Plan which the Borrower or any ERISA Affiliate may be required to make under any
agreement relating to such Multiemployer Plan, or any law pertaining thereto; or 
  

 96 

 (e) engage, or permit any Borrower or any ERISA Affiliate to engage, in any prohibited transaction under
Section 406 of ERISA or Sections 4975 of the Code for which a civil penalty pursuant to Section 502(i) of ERISA or a tax pursuant to Section 4975 of the Code may be imposed; or 
  
 (f) permit the establishment of any Employee Benefit Plan providing
post-retirement welfare benefits or establish or amend any Employee Benefit Plan which establishment or amendment could result in liability to the Borrower or any ERISA Affiliate or increase the obligation of the Borrower or any ERISA Affiliate to a
Multiemployer Plan; or 
  
 (g) fail, or permit the Borrower or any
ERISA Affiliate to fail, to establish, maintain and operate each Employee Benefit Plan in compliance in all material respects with the provisions of ERISA, the Code, all applicable Foreign Benefit Laws and all other applicable laws and the
regulations and interpretations thereof. 
  
 11.21 Subordinated
Indebtedness. Amended, modify or change in any manner any term or condition of any Subordinated Indebtedness (including without limitation any of the documents evidencing such Subordinated Indebtedness) so that the terms and conditions thereof
are less favorable to the Administrative Agent and the Lenders than the terms thereof as of the Effective Date. 
  
 11.22 Status of Borrower. The Borrower shall not at any time operate any of its lines of business other than through its Subsidiaries and Excluded
Subsidiaries, or own any assets other than (i) equity interests in Subsidiaries and Excluded Subsidiaries, (ii) cash and cash equivalents and investments permitted under Section 11.5, and (iii) such other property as is
consistent with its sole function as a holding company. 
  
 ARTICLE XII 
  
 EVENTS OF DEFAULT

  
 12.1 Events of Default. The occurrence of any one
or more of the following events shall constitute an “Event of Default”: 
  
 (a) The Borrower shall fail to pay (i) any principal of any Loan when due, (ii) any interest on any Loan within three (3) days of the date when due or (iii) any Reimbursement Obligation, any fee or
any other Obligation within five (5) days of the date when due; 
  
 (b) The Borrower shall fail to observe, perform or comply with any condition, covenant or agreement contained in any of Sections 5.7, 9.1, 9.2, 9.3(i), 9.8, 9.9, 9.10 or in Article X
or Article XI; 
  
 (c) The Borrower or any of its
Subsidiaries (including any Excluded Subsidiary) shall fail to observe, perform or comply with any condition, covenant or agreement contained in this Agreement or any of the other Credit Documents other than those enumerated in subsections
(a) and (b) above, and such failure (i) is deemed by the terms of the relevant Credit Document to constitute an Event of Default or (ii) shall continue unremedied for any grace period specifically applicable thereto or, if no
such grace period is applicable, for a period of thirty (30) days after 

  

 97 

 
the earlier of (y) the date on which a Authorized Officer of the Borrower acquires knowledge thereof and (z) the date on which written notice
thereof is delivered by the Administrative Agent or any Lender to the Borrower; 
  
 (d) Any representation or warranty made or deemed made by or on behalf of the Borrower or any of its Subsidiaries (or any Excluded Subsidiary) in this Agreement, any of the other Credit Documents or in any
certificate, instrument, report or other document furnished in connection herewith or therewith or in connection with the transactions contemplated hereby or thereby shall prove to have been false or misleading in any material respect as of the time
made, deemed made or furnished; 
  
 (e) The Borrower or any of its
Subsidiaries (including any Excluded Subsidiary) shall (i) fail to pay when due (whether by scheduled maturity, acceleration or otherwise and after giving effect to any applicable grace period) any principal of or interest on any Indebtedness
(other than the Indebtedness incurred pursuant to this Agreement) having an aggregate principal amount or Hedge Termination Value of at least $250,000 (or nonpayment default under any Indebtedness having a principal amount or Hedge Termination Value
in excess of $100,000 individually or all such Indebtedness having an aggregate principal amount or Hedge Termination Value in excess of $250,000 in aggregate), or (ii) fail to observe, perform or comply with any condition, covenant or
agreement contained in any agreement or instrument evidencing or relating to any such Indebtedness referred to in clause (i) immediately above, or any other event shall occur or condition exist in respect thereof, and the effect of such
failure, event or condition is to cause, or permit the holder or holders of such Indebtedness (or a trustee or agent on its or their behalf) to cause (with the giving of notice, lapse of time, or both), such Indebtedness to become due, or to be
terminated, prepaid, redeemed, purchased or defeased prior to its stated maturity; 
  
 (f) The Borrower or any of its Subsidiaries (including any Excluded Subsidiary) shall (i) file a voluntary petition or commence a voluntary case seeking liquidation, winding-up, reorganization, dissolution,
arrangement, readjustment of debts or any other relief under the Bankruptcy Code or under any other applicable bankruptcy, insolvency or similar law now or hereafter in effect, (ii) consent to the institution of, or fail to controvert in a
timely and appropriate manner, any petition or case of the type described in subsection (g) below, (iii) apply for or consent to the appointment of or taking possession by a custodian, trustee, receiver or similar official for or of itself
or all or a substantial part of its properties or assets, (iv) fail generally, or admit in writing its inability, to pay its debts generally as they become due, (v) make a general assignment for the benefit of creditors or (vi) take
any corporate action to authorize or approve any of the foregoing; 
  
 (g) Any involuntary petition or case shall be filed or commenced against the Borrower or any of its Subsidiaries (including any Excluded Subsidiary) seeking liquidation, winding-up, reorganization, dissolution, arrangement, readjustment of
debts, the appointment of a custodian, trustee, receiver or similar official for it or all or a substantial part of its properties or any other relief under the Bankruptcy Code or under any other applicable bankruptcy, insolvency or similar law now
or hereafter in effect, and such petition or case shall continue undismissed and unstayed for a period of sixty (60) days; or an order, judgment or decree approving or ordering any of the foregoing shall be entered in any such proceeding;

  

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 (h) Any one or more money judgments, writs or warrants of attachment, executions or similar processes
involving an aggregate amount (exclusive of amounts fully bonded or covered by insurance as to which the surety or insurer, as the case may be, has acknowledged its liability in writing) in excess of $100,000 shall be entered or filed against the
Borrower or any of its Subsidiaries(including any Excluded Subsidiary) or any of their respective properties and the same shall not be dismissed, stayed or discharged for a period of thirty (30) days or in any event later than five days prior
to the date of any proposed sale thereunder; 
  
 (i) Any Security
Document to which the Borrower or any of its Subsidiaries is now or hereafter a party shall for any reason cease to be in full force and effect or cease to be effective to give the Administrative Agent a valid and perfected security interest in and
Lien upon the Collateral purported to be covered thereby, subject to no Liens other than Permitted Liens or unpermitted Liens securing Indebtedness in an aggregate amount not exceeding $100,000, in each case unless any such cessation occurs in
accordance with the terms thereof or is due to any act or failure to act on the part of the Administrative Agent or any Lender; or the Borrower or any such Subsidiary shall assert any of the foregoing; or any Subsidiary of the Borrower or any Person
acting on behalf of any such Subsidiary shall deny or disaffirm such Subsidiary’s obligations under the Subsidiary Guaranty; 
  
 (j) Any ERISA Event or any other event or condition shall occur or exist with respect to any Plan or Multiemployer Plan and, as a result thereof, together
with all other ERISA Events and other events or conditions then existing, the Borrower and its ERISA Affiliates have incurred or would be reasonably likely to incur liability to any one or more Plans or Multiemployer Plans or to the PBGC (or to any
combination thereof) in excess of $100,000; 
  
 (k) There shall
occur a Limitation with respect to any one or more Licenses or Reimbursement Approvals of the Borrower, or any Managed Practice, or any other action shall be taken by any Governmental Authority or other Person in response to any alleged failure by
the Borrower, such Subsidiary or such Managed Practice to be in compliance with applicable Requirements of Law, and such Limitation or other action, individually or in the aggregate, has or would be reasonably likely to have a Material Adverse
Effect; or there shall occur any introduction of or change in any Requirement of Law (or in the interpretation or administration thereof by any Governmental Authority) governing or affecting the Borrower and such introduction or change, individually
or in the aggregate, has or would be reasonably likely to have a Material Adverse Effect; 
  
 (l) Any one or more Environmental Claims shall have been asserted against the Borrower or any of its Subsidiaries (including any Excluded Subsidiary) (or a reasonable basis shall exist therefor); the Borrower and its
Subsidiaries (including any Excluded Subsidiary) have incurred or would be reasonably likely to incur liability as a result thereof; and such liability, individually or in the aggregate, has or would be reasonably likely to have a Material Adverse
Effect; 
  
 (m) The Borrower or any of its Subsidiaries (including
any Excluded Subsidiary) shall be in breach of or default under the terms of any one or more agreements for the lease of real property upon which Collateral having an aggregate fair market value in excess of $50,000 is maintained, and the effect of
such breach or default is to terminate, or permit the other party or parties thereto to terminate, such lease or leases; or any agreement or contract to which the 

  

 99 

 
Borrower or any of its Subsidiaries (including any Excluded Subsidiary) is a party shall be terminated or shall, for any other reason, fail to be in full
force and effect and enforceable in accordance with its terms, and such event or condition, together with all other such events or conditions, if any, has or would be reasonably likely to have a Material Adverse Effect; 
  
 (n) There shall occur (i) any uninsured damage to, or loss, theft or
destruction of, any Collateral or other properties of the Borrower and its Subsidiaries (including any Excluded Subsidiary) that has or would be reasonably likely to have a Material Adverse Effect or (ii) any labor dispute, act of God or other
casualty that has or would be reasonably likely to have a Material Adverse Effect; 
  
 (o) A Change of Control shall occur; or 
  
 (p) The Borrower or any of its Subsidiaries (including any Excluded Subsidiary) shall fail to be eligible for any reason (other than voluntary withdrawal where participation is not otherwise a Requirement of Law) to participate in Medicaid
or Medicare programs or to accept assignments or rights to reimbursement under Medicaid Regulations or Medicare Regulations (other than voluntary withdrawal where participation is not otherwise a Requirement of Law) that would result in a Material
Adverse Effect. 
  
 12.2 Remedies: Termination of Term Loan B
Commitments and Revolving Credit Commitments, Acceleration, etc. Upon and at any time after the occurrence and during the continuance of any Event of Default (unless waived in writing by the Required Lenders), the Administrative Agent shall at
the direction, or may with the consent, of the Required Lenders, take any or all of the following actions at the same or different times: 
  
 (a) Declare the Term Loan B Facility and the Revolving Credit Commitments, the Swing Line and the Issuing Lender’s obligation to issue Letters of
Credit, to be terminated, whereupon the same shall terminate (provided that, upon the occurrence of an Event of Default pursuant to Section 12.1(f) or Section 12.1(g), the Revolving Credit Commitments, the Swing Line
and the Issuing Lender’s obligation to issue Letters of Credit shall automatically be terminated); 
  
 (b) Declare all or any part of the outstanding principal amount of the Loans and the Swing Line Outstandings to be immediately due and payable, whereupon
the principal amount so declared to be immediately due and payable, together with all interest accrued thereon and all other amounts payable under this Agreement, the Notes and the other Credit Documents (other than any Hedge Agreement), shall
become immediately due and payable without presentment, demand, protest, notice of intent to accelerate or other notice or legal process of any kind, all of which are hereby knowingly and expressly waived by the Borrower (provided that, upon
the occurrence of an Event of Default pursuant to Section 12.1(f) or Section 12.1(g), all of the outstanding principal amount of the Loans and all other amounts described in this subsection (b) shall automatically become
immediately due and payable without presentment, demand, protest, notice of intent to accelerate or other notice or legal process of any kind, all of which are hereby knowingly and expressly waived by the Borrower); 
  
 (c) Direct the Borrower to deposit (and the Borrower hereby agrees, forthwith
upon receipt of notice of such direction from the Administrative Agent, to deposit) with the 

  

 100 

 
Administrative Agent from time to time such additional amount of cash as is equal to the aggregate Stated Amount of all Letters of Credit then outstanding
(whether or not any beneficiary under any Letter of Credit shall have drawn or be entitled at such time to draw thereunder), such amount to be held by the Administrative Agent in the Cash Collateral Account as security for the Letter of Credit
Exposure as described in Section 4.8; and 
  
 (d)
Exercise all rights and remedies available to it under this Agreement, the other Credit Documents and applicable law. 
  
 12.3 Remedies: Set-Off. In addition to all other rights and remedies available under the Credit Documents or applicable law or otherwise, upon and
at any time after the occurrence and during the continuance of any Event of Default, each Lender may, and each is hereby authorized by the Borrower, at any such time and from time to time, to the fullest extent permitted by applicable law, without
presentment, demand, protest or other notice of any kind, all of which are hereby knowingly and expressly waived by the Borrower, to set off and to apply any and all deposits (general or special, time or demand, provisional or final) and any other
property at any time held (including at any branches or agencies, wherever located), and any other indebtedness at any time owing, by such Lender to or for the credit or the account of the Borrower against any or all of the Obligations to such
Lender now or hereafter existing, whether or not such Obligations may be contingent or unmatured, the Borrower hereby granting to each Lender a continuing security interest in and, Lien upon all such deposits and other property as security for such
Obligations. Each Lender agrees promptly to notify the Borrower and the Administrative Agent after any such set-off and application; provided, however, that the failure to give such notice shall not affect the validity of such set-off
and application. 
  
 12.4 Application of Funds. After the
exercise of remedies provided for in Section 12.2 (of after the Loans have automatically become due and payable) any amounts received on account of the Obligations shall be applied by the Administrative Agent in the following order:

  
 First, to payment of that portion of the Obligations constituting fees,
indemnities, expenses and other amounts (including attorneys fees amounts payable under Article V) payable to the Administrative Agent in its capacity as such; 
  
 Second, to payment of that portion of the Obligations constituting fees, indemnities and other amounts (other than principal and
interest) payable to the Lenders (including attorneys fees amounts payable under Article V), ratably among them in proportion to the amounts described in this clause Second payable to them; 
  
 Third, to payment of that portion of the Obligations constituting accrued and unpaid
interest on the Loans or with respect to Letters of Credit or with respect to Related Hedge Agreements, ratably among the Lenders in proportion to the respective amounts described in this clause Third payable to them; 
  
 Fourth, to payment of that portion of the Obligations constituting unpaid principal of
the Loans or with respect to Letters of Credit or termination payments with respect to Related Hedge Agreements, ratably among the Lenders in proportion to the respective amounts described in this clause Fourth held by them; 
  
 Fifth, to the Administrative Agent for the account of the Issuing Bank, to cash
collateralize the Letters of Credit as described above; and 
  

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 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 Article IV, 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 XIII 
  
 THE ADMINISTRATIVE AGENT 
  
 13.1 Appointment and Authorization of Administrative Agent. Each Lender hereby irrevocably appoints, designates and authorizes the Administrative
Agent to take such action on its behalf under the provisions of this Agreement and each other Credit 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 Credit
Document, together with such powers as are reasonably incidental thereto. Notwithstanding any provision to the contrary contained elsewhere herein or in any other Credit Document, the Administrative Agent shall not have any duties or
responsibilities, except those expressly set forth herein, nor shall the Administrative Agent have or be deemed to have any fiduciary relationship with any Lender or participant, and no implied covenants, functions, responsibilities, duties,
obligations or liabilities shall be read into this Agreement or any other Credit Document or otherwise exist against the Administrative Agent. Without limiting the generality of the foregoing sentence, the use of the terms “administrative
agent” or “Administrative Agent” herein and in the other Credit Documents with reference to the Administrative Agent is not intended to connote any fiduciary or other implied (or express) obligations arising under agency doctrine of
any applicable law. Instead, such term is used merely as a matter of market custom, and is intended to create or reflect only an administrative relationship between independent contracting parties. 
  
 The Issuing Lender shall act on behalf of the Lenders with respect to any
Letter of Credit issued by it and the documents associated therewith, and the Issuing Lender shall have all of the benefits and immunities (i) provided to the Administrative Agent in this Article XIII with respect to any acts taken or
omissions suffered by the Issuing Lender 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 the Letters of Credit as fully as if the term
“Agent” or “Administrative Agent” as used in this Article XIII and in the definition of “Agent-Related Person” included the Issuing Lender with respect to such acts or omissions, and (ii) as additionally
provided herein with respect to the Issuing Lender. 
  
 The
provisions of this Article are solely for the benefit of the Administrative Agent, the Lenders and the Issuing Lender, and the Borrower shall not have rights as a third party beneficiary of any of such provisions. 
  
 13.2 Delegation of Duties. The Administrative Agent may execute any of
its duties under the Agreement or any other Credit Document by or through agents, employees or attorneys-in-fact and shall be entitled to advice of counsel and other consultants or experts concerning all matters pertaining to such duties. The
Administrative Agent shall not be 

  

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responsible for the negligence or misconduct of any agent or attorney-in-fact that it selects in the absence of gross negligence or willful misconduct.

  
 13.3 Liability of Administrative Agent. No
Agent-Related Person shall (a) be liable for any action taken or omitted to be taken by any of them under or in connection with this Agreement or any other Credit Document or the transactions contemplated hereby (except for its own gross
negligence or willful misconduct in connection with its duties expressly set forth herein), or (b) be responsible in any manner to any Lender or participant for any recital, statement, representation or warranty made by the Borrower, its
Subsidiaries or any officer thereof, contained herein or in any other Credit Document, or in any certificate, report, statement or other document referred to or provided for in, or received by the Administrative Agent under or in connection with,
this Agreement or any other Credit Document, or the validity, effectiveness, genuineness, enforceability or sufficiency of this Agreement or any other Credit Document, or for any failure of the Borrower or any other party to any Credit Document to
perform its obligations hereunder or thereunder. No Agent-Related Person shall be under any obligation to any Lender or participant to ascertain or to inquire as to the observance or performance of any of the agreements contained in, or conditions
of, this Agreement or any other Credit Document, or to inspect the properties, books or records of the Borrower or any Affiliate thereof. 
  
 13.4 Reliance by Administrative Agent. (a) The Administrative Agent shall be entitled to rely, and shall be fully protected in relying, upon
any writing, communication, signature, resolution, representation, notice, consent, certificate, affidavit, letter, telegram, facsimile, telex or telephonic message, statement or other document or other writing (including any electronic message,
Internet or intranet website posting or other distribution or conversation believed by it to be genuine and correct and to have been signed, sent or made by the proper Person, and upon advice and statements of legal counsel, independent accountants,
and other experts selected by the Administrative Agent. The Administrative Agent shall be fully justified in failing or refusing to take any action under any Credit Document unless it shall first receive such advice or concurrence of the Required
Lenders as it deems appropriate and, if it so requests, it shall first be indemnified to its satisfaction by the Lenders against any and all liability and expense which may be incurred by it by reason of taking or continuing to take any such action.
The Administrative Agent shall in all cases be fully protected in acting, or in refraining from acting, under this Agreement or any other Credit Document in accordance with a request or consent of the Required Lenders or all the Lenders, if required
hereunder, and such request and any action taken or failure to act pursuant thereto shall be binding upon all the Lenders and participants. Where this Agreement or any other Credit Document expressly permits or prohibits an action unless the
Required Lenders otherwise determine, the Administrative Agent shall, and in all other instances, the Administrative Agent may, but shall not be required to, initiate any solicitation for the consent or a vote of the Lenders thereon. 
  
 (b) For purposes of determining compliance with the conditions specified in
Section 7.1, 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 Effective Date specifying its objection thereto. 
  

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 (c) 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 making of such Loan or the issuance of such Letter of Credit. 
  
 13.5 Notice of Default. The Administrative Agent shall not be deemed to have knowledge or notice of the occurrence of any Default or Event of
Default, except with respect to the defaults in the payment of principal, interest and fees required to be paid to the Administrative Agent for the account of the Lenders, unless the Administrative Agent shall have received written notice from a
Lender or the Borrower referring to this Agreement, describing such Default or Event of Default and stating that such notice is a “notice of default.” The Administrative Agent will notify the Lenders of its receipt of any such notice. The
Administrative Agent shall take such action with respect to such Default or Event of Default as may be directed by the Required Lenders in accordance with Article XII; provided, however, that unless and until the Administrative Agent has
received any such direction, the Administrative Agent may (but shall not be obligated to) take such action, or refrain from taking such action, with respect to such Default or Event of Default as it shall deem advisable or in the best interest of
the Lenders. 
  
 13.6 Credit Decision; Disclosure of
Information by Administrative Agent. Each Lender acknowledges that no Agent-Related Person has made any representation or warranty to it, and that no act by the Administrative Agent hereinafter taken, including any consent to and acceptance of
any assignment or review of the affairs of any Affiliate thereof, shall be deemed to constitute any representation or warranty by any Agent-Related Person to any Lender as to any matter, including whether any Agent-Related Persons have disclosed
material information in their possession. Each Lender represents to the Administrative Agent that it has, independently and without reliance upon any Agent-Related Person and based on such documents and information as it has deemed appropriate, made
its own appraisal of and investigation into the business, prospects, operations, property, financial and other condition and creditworthiness of any person and its respective subsidiaries, and all applicable bank or other regulatory laws relating to
the transactions contemplated hereby, and made its own decision to enter into this Agreement and to extend credit to the Borrower and any other Person hereunder. Each Lender also represents that it will, independently and without reliance upon any
Agent-Related Person and based on such documents and information as it shall deem appropriate at the time, continue to make its own credit analysis, appraisals and decisions in taking or not taking action under this Agreement and the other Credit
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 Borrower. Except for notices, reports and other
documents expressly required to be furnished to the Lenders by the Administrative Agent herein, the Administrative Agent shall not have any duty or responsibility to provide any Lender with any credit or other information concerning the business,
prospects, operations, property, financial and other condition or creditworthiness of any other Person which may come into the possession of any Agent-Related Person. 
  
 13.7 Indemnification of Administrative Agent. Whether or not the transactions contemplated hereby are consummated,
the Lenders shall indemnify upon demand each Agent- 

  

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Related Person (to the extent not reimbursed by or on behalf of any Person and without limiting the obligation of any Person to do so), pro rata, and hold
harmless each Agent-Related Person from and against any and all Indemnified Liabilities incurred by it; provided, however, that no Lender shall be liable for the payment to any Agent-Related Person of any portion of such Indemnified
Liabilities resulting from such Person’s gross negligence or willful misconduct; provided, further, however, that no action taken in accordance with the directions of the Required Lenders shall be deemed to constitute gross
negligence or willful misconduct for purposes of this Section 13.7. Without limitation of the foregoing, each Lender shall reimburse the Administrative Agent upon demand for its ratable share of any costs or out-of-pocket expenses
(including the reasonable fees and expenses of counsel for the Administrative Agent and including the cost of internal counsel) incurred by the Administrative Agent in connection with the preparation, execution, delivery, administration,
modification, amendment or enforcement (whether through negotiations, legal proceedings or otherwise) of, or legal advice in respect of rights or responsibilities under, this Agreement, any other Credit Document, or any document contemplated by or
referred to herein, to the extent that the Administrative Agent is not reimbursed for such expenses by or on behalf of the Borrower. The undertaking in this Section 13.7 shall continue in effect notwithstanding the Termination Date or
the Term Loan B Termination Date and the resignation or replacement of the Administrative Agent. 
  
 13.8 Administrative Agent in Its Individual Capacity. Bank of America and its Affiliates may make loans to, issue letters of credit for the account
of, accept deposits from, acquire equity interests in and generally engage in any kind of banking, trust, financial advisory, underwriting or other business with the Borrower as though Bank of America were not the Administrative Agent or the Issuing
Lender hereunder and without notice to or consent of the Lenders. The Lenders acknowledge that, pursuant to such activities, Bank of America or its Affiliates may receive information regarding the Borrower or its Affiliates (including information
that may be subject to confidentiality obligations in favor of the Borrower or such Affiliate) and acknowledge that the Administrative Agent shall be under no obligation to provide such information to them. With respect to its Loans, Bank of America
shall have the same rights and powers under this Agreement as any other Lender and may exercise such rights and powers as though it were not the Administrative Agent or the Issuing Lender, and the terms “Lender” and “Lenders”
include Bank of America in its individual capacity. 
  
 13.9
Successor Administrative Agent. The Administrative Agent may resign as Administrative Agent upon 30 days’ notice to the Lenders; provided that any such resignation by Bank of America shall also constitute its resignation as
Issuing Lender and Swing Line Lender. If the Administrative Agent resigns under this Agreement, the Required Lenders shall appoint from among the Lenders a successor administrative agent for the Lenders which successor administrative agent shall be
consented to by the Borrower at all times other than during the existence of an Event of Default (which consent of the Borrower shall not be unreasonably withheld or delayed). If no successor administrative agent is appointed prior to the effective
date of the resignation of the Administrative Agent, the Administrative Agent may appoint, after consulting with the Lenders and the Borrower, a successor administrative agent from among the Lenders. Upon the acceptance of its appointment as
successor administrative agent hereunder, such successor administrative agent shall succeed to all the rights, power and duties of the retiring Administrative Agent, Issuing Lender and Swing Line Lender and the respective terms “Administrative
Agent”, Issuing Lender” and “Swing Line Lender” shall mean such successor 

  

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administrative agent Letter of Credit issuer and Swing Line Lender, and the retiring Administrative Agent’s appointment, powers and duties as
Administrative Agent shall be terminated and the retiring Issuing Lender’s and Swing Line Lender’s rights, powers and duties as such shall be terminated, without any other or further act or deed on the part of such retiring Issuing Lender
or Swing Line Lender or any other Lender, other than the obligation of the successor Issuing Lender to issue letters of credit in substitution for the Letters of Credit, if any, outstanding at the time of such succession or to make other
arrangements satisfactory to the retiring Issuing Lender to effectively assume the obligations of the retiring Issuing Lender with respect to such Letters of Credit. After any retiring Administrative Agent’s resignation hereunder as
Administrative Agent, the provisions of this Article XIII and Sections 14.2 and 14.9 shall inure to its benefit as to any actions taken or omitted to be taken by it while it was Administrative Agent under this Agreement. If no
successor administrative agent has accepted appointment as Administrative Agent by the date which is 30 days following a retiring Administrative Agent’s notice of resignation, the retiring Administrative Agent’s resignation shall
nevertheless thereupon become effective and the Lenders shall perform all of the duties of the Administrative Agent hereunder until such time, if any, as the Required Lenders appoint a successor administrative agent as provided for above.

  
 13.10 Administrative Agent May File Proofs of Claim. In
case of the pendency of any receivership, insolvency, liquidation, bankruptcy, reorganization, arrangement, adjustment, composition or other judicial proceeding relative to any the Borrower or any Guarantor, the Administrative Agent (irrespective of
whether the principal of any Loan or Reimbursement 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, Reimbursement Obligations and all other Obligations that are owing and unpaid and to file such other documents as may
be necessary or advisable in order to have the claims of the Lenders and the Administrative Agent (including any claim for the reasonable compensation, expenses, disbursements and advances of the Lenders and the Administrative Agent and their
respective agents and counsel and all other amounts due the Lenders and the Administrative Agent under Sections 4.1, 5.2 and 14.1) allowed in such judicial proceeding; and 
  
 (b) to collect and receive any monies or other property payable or
deliverable on any such claims and to distribute the same; 
  
 and any custodian,
receiver, assignee, trustee, liquidator, sequestrator or other similar official in any such judicial proceeding is hereby authorized by each Lender to make such payments to the Administrative Agent and, in the event that the Administrative Agent
shall consent to the making of such payments directly to the Lenders, to pay to the Administrative Agent any amount due for the reasonable compensation, expenses, disbursements and advances of the Administrative Agent and its agents and counsel, and
any other amounts due the Administrative Agent under Sections 5.2 and 14.1. 
  
 Nothing contained herein shall be deemed to authorize the Administrative Agent to authorize or consent to or accept or adopt on behalf of any Lender any plan of reorganization, arrangement, 

  

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adjustment or composition affecting the Obligations or the rights of any Lender or to authorize the Administrative Agent to vote in respect of the claim of
any Lender in any such proceeding. 
  
 13.11 Collateral and
Guaranty Matters. The Lenders irrevocably authorize the Administrative Agent, at its option and in its discretion, 
  
 (i) to release any Lien on any property granted to or held by the Administrative Agent under any Credit Document (i) upon termination
of the Commitments and payment in full of all Obligations (other than contingent indemnification obligations) and the expiration or termination of all Letters of Credit, (ii) that is sold or to be sold as part of or in connection with any sale
permitted hereunder or under any other Credit Document, or (iii) subject to Section 14.6, if approved, authorized or ratified in writing by the Required Lenders; 
  
 (ii) to subordinate any Lien on any property granted to or held by the Administrative Agent under any Credit
Document to the holder of any Lien on such property that is permitted by Section 11.3(v)); and 
  
 (iii) 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 or subordinate its interest in particular types or items of property, or to release any Guarantor from its obligations under the Guaranty
pursuant to this Section 13.11. 
  
 13.12 Other
Agents; Lead Managers. None of the Lenders identified on the facing page or signature pages of this Agreement as a “syndication agent,” “documentation agent,” “co-agent”, “lead arranger” or “book
manager”, if any, shall have any right, power, obligation, liability, responsibility or duty under this Agreement other than those applicable to all Lenders as such. Without limiting the foregoing, none of the Lenders so identified shall have
or be deemed to have any fiduciary relationship with any Lender. Each Lender acknowledges that it has not relied, and will not rely, on any of the Lenders so identified in deciding to enter into this Agreement or in taking or not taking action
hereunder. 
  
 ARTICLE XIV 
  
 MISCELLANEOUS 
  
 14.1 Fees and Expenses. The Borrower agrees (i) whether or not
the transactions contemplated by this Agreement shall be consummated, to pay upon demand all reasonable out-of-pocket costs and expenses of the Administrative Agent (including, without limitation, the reasonable fees and expenses of counsel to the
Administrative Agent) in connection with (y) the Administrative Agent’s due diligence investigation in connection with, and the preparation, negotiation, execution, delivery and syndication of, this Agreement and the other Credit
Documents, and any amendment, modification or waiver hereof or thereof or consent with respect hereto or thereto, and (z) the creation, perfection and maintenance of the perfection of the Administrative Agent’s Liens upon the Collateral,
including, without limitation, Lien search, filing and recording fees, title insurance and appraisal charges and fees and taxes relating thereto, 

  

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(ii) to pay upon demand all reasonable out-of-pocket costs and expenses of the Administrative Agent and each Lender (including, without limitation,
reasonable attorneys’ fees and expenses and the cost of independent public accountants and other outside experts retained by the Administrative Agent or any Lender) in connection with (y) any refinancing or restructuring of the credit
arrangement provided under this Agreement, whether in the nature of a “work-out,” in any insolvency or bankruptcy proceeding or otherwise and whether or not consummated, and (z) the enforcement, attempted enforcement or preservation
of any rights or remedies under this Agreement or any of the other Credit Documents, whether in any action, suit or proceeding (including any bankruptcy or insolvency proceeding) or otherwise, and (iii) to pay and hold the Administrative Agent
and each Lender harmless from and against all liability for any intangibles, documentary, stamp or other similar taxes, fees and excises, if any, including any interest and penalties and any finder’s or brokerage fees, commissions and expenses
(other than any fees, commissions or expenses of finders or brokers engaged by the Administrative Agent or any Lender), that may be payable in connection with the transactions contemplated by this Agreement and the other Credit Documents. All
amounts due under this Section 14.1 shall be payable within ten (10) Business Days after demand therefor. The agreements in this Section shall survive the termination of the Commitments and the repayment of all other Obligations.

  
 14.2 Indemnification; Limitation of Liability. Whether
or not the transactions contemplated herein are consummated, the Borrower shall indemnify and hold harmless each Agent-Related Person and each Lender and each of their Affiliates and their respective officers, directors, employees, agents, and
attorneys-in-fact (each, an “Indemnified Party”) from and against any and all claims, damages, losses, liabilities, costs, and expenses (including, without limitation, reasonable attorneys’ fees) of any kind or nature that may be
incurred by or asserted or awarded against any Indemnified Party, in any way arising out of or in connection with or by reason of (including, without limitation, in connection with any investigation, litigation, or proceeding or preparation of
defense in connection therewith) the Credit Documents, any of the transactions contemplated herein or the actual or proposed use of the proceeds of the Loans or Letters of Credit or any actual or alleged presence or release of Hazardous Substances
on or from any property currently or formerly owned or operated by the Borrower or any Subsidiary (including any Excluded Subsidiary), or any Environmental Claim related in any way to the Borrower or any Subsidiary (including any Excluded
Subsidiary) (all of the foregoing, collectively, the “Indemnified Liabilities”), except to the extent such claim, damage, loss, liability, cost, or expense is found in a final, non-appealable judgment by a court of competent jurisdiction
to have resulted from such Indemnified Party’s gross negligence or willful misconduct. In the case of an investigation, litigation or other proceeding to which the indemnity in this Section 14.2 applies, such indemnity shall be
effective whether or not such investigation, litigation or proceeding is brought by the Borrower, its directors, shareholders or creditors or an Indemnified Party or any other Person or any Indemnified Party is otherwise a party thereto. The
Borrower agrees that no Indemnified Party shall be liable for any damages arising from the use by others of any information or other materials obtained through IntraLinks or other similar information transmission systems in connection with this
Agreement, nor shall any Indemnified Party have any liability for any indirect or consequential damages relating to this Agreement or any other Credit Document or arising out of its activities in connection herewith or therewith (whether before or
after the Effective Date). All amounts due under this Section 14.2 shall be payable within ten Business Days after demand therefor. The agreements in this Section shall survive the resignation of the Administrative Agent, the replacement
of any 

  

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Lender, the termination of the Commitments and the repayment, satisfaction or discharge of all the other Obligations. 
  
 14.3 GOVERNING LAW; WAIVER OF JURY TRIAL. 
  
 (a) THIS AGREEMENT AND THE OTHER CREDIT DOCUMENTS (OTHER THAN THOSE SECURITY
INSTRUMENTS WHICH EXPRESSLY PROVIDE THAT THEY SHALL BE GOVERNED BY THE LAWS OF ANOTHER JURISDICTION) SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK APPLICABLE TO CONTRACTS EXECUTED, AND TO BE FULLY
PERFORMED, IN SUCH STATE. 
  
 (b) THE BORROWER HEREBY EXPRESSLY
AND IRREVOCABLY AGREES AND CONSENTS THAT ANY SUIT, ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO THIS AGREEMENT AND THE TRANSACTIONS CONTEMPLATED HEREIN MAY BE INSTITUTED IN ANY STATE OR FEDERAL COURT SITTING IN NEW YORK COUNTY, STATE OF NEW
YORK AND OF THE UNITED STATES DISTRICT COURT OF THE SOUTHERN DISTRICT OF SUCH STATE, AND ANY APPELLATE COURT OF ANY STATE THEREOF AND, BY THE EXECUTION AND DELIVERY OF THIS AGREEMENT, THE BORROWER EXPRESSLY WAIVES ANY OBJECTION THAT IT MAY NOW OR
HEREAFTER HAVE TO THE LAYING OF VENUE IN, OR TO THE EXERCISE OF JURISDICTION OVER IT AND ITS PROPERTY BY, ANY SUCH COURT IN ANY SUCH SUIT, ACTION OR PROCEEDING, AND THE BORROWER HEREBY IRREVOCABLY SUBMITS GENERALLY AND UNCONDITIONALLY TO THE
JURISDICTION OF ANY SUCH COURT IN ANY SUCH SUIT, ACTION OR PROCEEDING. 
  
 (c) THE BORROWER AGREES THAT SERVICE OF PROCESS MAY BE MADE BY PERSONAL SERVICE OF A COPY OF THE SUMMONS AND COMPLAINT OR OTHER LEGAL PROCESS IN ANY SUCH SUIT, ACTION OR PROCEEDING, OR BY REGISTERED OR CERTIFIED MAIL (POSTAGE PREPAID) TO
THE ADDRESS OF THE BORROWER PROVIDED IN SECTION 14.5, OR BY ANY OTHER METHOD OF SERVICE PROVIDED FOR UNDER THE APPLICABLE LAWS IN EFFECT IN THE STATE OF NEW YORK. 
  
 (d) NOTHING CONTAINED IN SUBSECTIONS (b) OR (c) HEREOF SHALL PRECLUDE THE ADMINISTRATIVE AGENT OR
ANY LENDER FROM BRINGING ANY SUIT, ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO ANY CREDIT DOCUMENT IN THE COURTS OF ANY JURISDICTION WHERE THE BORROWER OR ANY OF THE BORROWER’S PROPERTY OR ASSETS MAY BE FOUND OR LOCATED. TO THE EXTENT
PERMITTED BY THE APPLICABLE LAWS OF ANY SUCH JURISDICTION, THE BORROWER HEREBY IRREVOCABLY SUBMITS TO THE JURISDICTION OF ANY SUCH COURT AND EXPRESSLY WAIVES, IN RESPECT OF ANY SUCH SUIT, ACTION OR PROCEEDING, OBJECTION TO THE EXERCISE OF
JURISDICTION OVER IT AND ITS PROPERTY BY ANY SUCH OTHER COURT OR COURTS WHICH NOW OR HEREAFTER MAY BE AVAILABLE UNDER APPLICABLE LAW. 
  

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 (e) IN ANY ACTION OR PROCEEDING TO ENFORCE OR DEFEND ANY RIGHTS OR REMEDIES UNDER OR RELATED TO ANY
CREDIT DOCUMENT OR ANY AMENDMENT, INSTRUMENT, DOCUMENT OR AGREEMENT DELIVERED OR THAT MAY IN THE FUTURE BE DELIVERED IN CONNECTION THEREWITH, OR IN ANY WAY CONNECTED WITH OR INCIDENTAL TO THE DEALINGS OF THE PARTIES HERETO OR ANY OF THEM WITH
RESPECT TO ANY CREDIT DOCUMENT, WHETHER NOW EXISTING OR HEREAFTER ARISING, THE BORROWER, THE ADMINISTRATIVE AGENT AND THE LENDERS HEREBY AGREE, TO THE EXTENT PERMITTED BY APPLICABLE LAW, THAT ANY SUCH ACTION, SUIT OR PROCEEDING SHALL BE TRIED BEFORE
A COURT AND NOT BEFORE A JURY AND HEREBY IRREVOCABLY WAIVE, TO THE EXTENT PERMITTED BY APPLICABLE LAW, ANY RIGHT SUCH PERSON MAY HAVE TO TRIAL BY JURY IN ANY SUCH ACTION, SUIT OR PROCEEDING. ANY PARTY TO THIS AGREEMENT MAY FILE AN ORIGINAL
COUNTERPART OR A COPY OF THIS SECTION WITH ANY COURT AS WRITTEN EVIDENCE OF THE CONSENT OF THE SIGNATORIES HERETO TO THE WAIVER OF THEIR RIGHT TO TRIAL BY JURY. 
  

(f) THE BORROWER HEREBY EXPRESSLY WAIVES ANY OBJECTION IT MAY HAVE THAT ANY COURT TO WHOSE JURISDICTION IT HAS SUBMITTED PURSUANT TO THE TERMS HEREOF
IS AN INCONVENIENT FORUM. 
  
 14.4 Intentionally deleted.

  
 14.5 Notices. All notices and other communications
provided for hereunder shall be in writing (including telegraphic, telex, facsimile transmission or cable communication) and mailed, telegraphed, telexed, telecopied, cabled or delivered to the party to be notified at the following addresses:

  
 (a) if to the Borrower, to Radiation Therapy Services, Inc.,
2234 Colonial Boulevard, Fort Myers, Florida 33907, Attention: David M. Koeninger, Telecopy No. (239) 931-7380, Electronic Mail: Davidk@rtsx.com; 
  
 (b) if to the Administrative Agent, to Bank of America, N.A., 231 South LaSalle Street, IL1-231-08-30, Chicago, Illinois 60604 Attention: Kristine
Thennes, Telecopy No. (877) 206-8412, Electronic Mail: Kristine.Thennes@bankofamerica.com; and 
  
 (c) if to any Lender, to it at the address set forth on its signature page hereto (or if to any Lender not a party hereto as of the date hereof, at the
address set forth in its Assignment and Assumption); 
  
 or in each case, to such
other address as any party may designate for itself by like notice to all other parties hereto. All such notices and communications shall be deemed to have been given (i) if mailed as provided above by any method other than overnight delivery
service, on the third Business Day after deposit in the mails, (ii) if mailed by overnight delivery service, telegraphed, telexed, telecopied or cabled, the Business Day following delivery for overnight delivery, delivered to the telegraph
company, confirmed by telex answerback, transmitted by telecopier or delivered to the cable company, respectively, or (iii) if delivered by hand, upon delivery. In addition, each Lender agrees to notify the Administrative Agent from time to
time to ensure that 

  

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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. 
  
 (d) 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 Agent-Related Persons (collectively, the “Agent Parties”) have any liability to the Borrower, any Lender, the Issuing Lender 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 Issuing Lender or any other Person for indirect, special, incidental, consequential or punitive damages (as opposed to direct or actual damages). 
  
 14.6 Amendments, Waivers, etc. No amendment, modification, waiver or
discharge or termination of, or consent to any departure by the Borrower from, any provision of this Agreement or any other Credit Document (other than any Hedge Agreement), shall be effective unless in a writing signed by the Required Lenders (or
by the Administrative Agent at the direction or with the consent of the Required Lenders), and then the same shall be effective only in the specific instance and for the specific purpose for which given; provided, that that no such amendment,
modification, waiver, discharge, termination or consent shall: 
  
 (a) unless agreed to by all of the Lenders, (i) except as may be otherwise specifically provided in this Agreement or in any other Credit Document, release all or substantially all of the Collateral or release any Subsidiary Guarantor
from its obligations under the Subsidiary Guaranty unless pursuant to a transaction permitted hereunder, or (ii) change any provision of Section 5.8 or this Section 14.6 or (iii) change any provision of any Loan
Document specifying the number or percentage of Lenders required to waive, amend or modify any rights hereunder or make any determination or grant any consent hereunder; and 
  
 (b) [Intentionally omitted] 
  
 (c) unless agreed to by each Revolving Lender affected thereby, (i) increase or extend the Revolving Credit Commitment of such Lender (it being
understood that a waiver of any Event of Default, if agreed to by the requisite Lenders hereunder, shall not constitute such an increase), or (ii) reduce or forgive the principal amount of any Revolving Loan, reduce the rate of or forgive any
interest thereon, or reduce any fees or other Obligations (other than fees 

  

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payable to the Administrative Agent for its own account and other than any Hedge Agreement); and 
  
 (d) unless agreed to by all of the Revolving Lenders, (i) change the
percentage of the aggregate Revolving Credit Commitments of all Revolving Lenders or of the aggregate unpaid principal amount of the Revolving Loans, or the number or percentage of Revolving Lenders that shall be required for the Revolving Lenders
or any of them to take or approve, or direct the Administrative Agent to take, any action hereunder (including as set forth in the definition of “Required Revolving Lenders”), or (ii) extend the Maturity Date or time for any scheduled
payment hereunder with respect to the Revolving Credit Facility; and 
  
 (e) unless agreed to by each Lender affected thereby, amend Section 5.3 to permit Interest Periods with a duration in excess of six (6) months; 
  
 (f) unless agreed to by each Term Loan B Lender affected thereby, (i) increase or extend the Term Loan B Commitment of
such Term Loan B Lender (it being understood that a waiver of any Event of Default, if agreed to by the requisite Lenders hereunder, shall not constitute such an increase), (ii) reduce or forgive the principal amount of the Term Loan B, reduce
the rate of or forgive any interest thereon, or reduce any fees or other Obligations (other than fees payable to the Administrative Agent for its own account and other than any Hedge Agreement), 
  
 (g) unless agreed to by all of the Term Loan B Lenders, (i) change the
percentage of the aggregate Term Loan B Commitments of all Term Loan B Lenders or of the aggregate unpaid principal amount of the Term Loan B, or the number or percentage of Term Loan B Lenders, that shall be required for the Term Loan B Lenders or
any of them to take or approve, or direct the Administrative Agent to take, any action hereunder (including as set forth in the definition of “Required Term Loan B Lenders”), (ii) extend the Term Loan B Maturity Date or time for any
scheduled payment of principal, interest or other amounts due hereunder with respect to the Term Loan B Facility, or (iii) waive, extend, reduce or postpone any mandatory prepayment in respect of the Term Loan B; and 
  
 (h) unless agreed to by the Required Revolving Lenders and the Swing Line
Lender and the Issuing Bank, have the effect of enabling the Borrower to satisfy any condition to a Borrowing contained in Section 7.2 hereof which, but for such amendment, waiver or consent would not otherwise be satisfied, or shall be
effective to require the Revolving Lenders, the Swing Line Lender or the Issuing Bank to make any additional Revolving Loans or Swing Line Loan, or to issue any additional or renew any existing Letter of Credit; and 
  
 (i) unless agreed to by the Issuing Lender or the Administrative Agent in
addition to the Lenders required as provided hereinabove to take such action, affect the respective rights or obligations of the Issuing Lender or the Administrative Agent, as applicable, hereunder or under any of the other Credit Documents (other
than any Hedge Agreement); and 
  
 (j) impose any greater
restriction on the ability of any Lender to assign any of its rights or obligations hereunder without the written consent of Lenders having more, in the aggregate, than 50% of the Credit Exposures then in effect within each of the following classes
of commitments, Loans and other Obligations: (i) the class consisting of the Revolving Credit 

  

 112 

 
Commitment, and (ii) the class consisting of the Term Loan B Commitment. For purposes of this clause, the aggregate amount of each Lender’s risk
participation and funded participation in Letter of Credit Exposure and Swing Line Loans shall be deemed to be held by such Lender; 
  
 and provided further that any Hedge Agreement to which any Lender is a party may be amended or modified, and any rights thereunder waived, in a writing
signed by the parties thereto. 
  
 14.7 Successors and
Assigns. (a) The provisions of this Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective successors and assigns permitted hereby, except that the Borrower may not assign or otherwise transfer
any of its rights or obligations hereunder without the prior written consent of each Lender and no Lender may assign or otherwise transfer any of its rights or obligations hereunder except (i) to an Eligible Assignee in accordance with the
provisions of paragraph (b) of this Section 14.7, (ii) by way of participation in accordance with the provisions of paragraph (d) of this Section 14.7 or (iii) by way of pledge or assignment of a security
interest subject to the restrictions of paragraph (f) of this Section 14.7 (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 paragraph (d) of this Section 14.7 and, to the extent expressly
contemplated hereby, the Related Parties of each of the Administrative Agent and the Lenders) any legal or equitable right, remedy or claim under or by reason of this Agreement. 
  
 (b) Any Lender may at any time assign to one or more Eligible Assignees all or a portion of its rights and obligations under
this Agreement (including all or a portion of its Revolving Credit Commitments and Revolving Loans and Term Loan B Commitment and Term Loan B at the time owing to it); provided that (i) except in the case of an assignment of the entire
remaining amount of the assigning Lender’s Revolving Credit Commitments and Revolving Loans and Term Loan B Commitment and Term Loan B at the time owing to it or in the case of an assignment to a Lender or an Affiliate of a Lender or an
Approved Fund, the aggregate amount of the Revolving Credit Commitments and Term Loan B Commitments (which for this purpose includes Loans outstanding thereunder) or, if the applicable Revolving Credit Commitment or Term Loan B Facility 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, in the case of any assignment in respect of the Revolving Credit Facility, or $1,000,000, in the case of any assignment
in respect of the Term Loan B Facility, unless each of the Administrative Agent and, so long as no Event of Default has occurred and is continuing, the Borrower otherwise consent (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) 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 Revolving Credit Commitments or Term Loan B Commitments assigned, except that this clause (ii) shall not prohibit any Lender from assigning all or a portion of its rights and
obligations among separate tranches on a non-pro rata basis; (iii) any assignment of a Revolving 

  

 113 

 
Credit Commitment must be approved by the Administrative Agent and the Issuing Lender unless the proposed assignee is itself a Lender with a Revolving Credit
Commitment (whether or not the proposed assignee would otherwise qualify as an Eligible Assignee); and (iv) the parties to each assignment shall execute and deliver to the Administrative Agent an Assignment and Assumption, together with a
processing and recordation fee in the amount, if any, required as set forth on Schedule 14.7, and the Eligible Assignee, if it shall not be a Lender, shall deliver to the Administrative Agent an Administrative Questionnaire. Subject to
acceptance and recording thereof by the Administrative Agent pursuant to paragraph (c) of this Section 14.7, from and after the effective date specified in each Assignment and Assumption, the Eligible Assignee thereunder shall be a
party to this Agreement and, to the extent of the interest assigned by such Assignment and Assumption, have the rights and obligations of a Lender under this Agreement, and the assigning Lender thereunder shall, to the extent of the interest
assigned by such Assignment and Assumption, be released from its obligations under this Agreement (and, in the case of an Assignment and Assumption covering all of the assigning Lender’s rights and obligations under this Agreement, such Lender
shall cease to be a party hereto) but shall continue to be entitled to the benefits of Sections 5.9, 5.10 and 14.2 with respect to facts and circumstances occurring prior to the effective date of such assignment. Any assignment or
transfer by a Lender of rights or obligations under this Agreement that does not comply with this paragraph shall be treated for purposes of this Agreement as a sale by such Lender of a participation in such rights and obligations in accordance with
paragraph (d) of this Section 14.7. 
  
 (c) The
Administrative Agent, acting solely for this purpose as an agent of the Borrower, shall maintain at one of its offices in North Carolina 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 Term Loan B Commitment and Revolving Credit Commitments of, and principal amounts of the Loans owing to, each Lender pursuant to the terms hereof from time to time (the “Register”). The entries in
the Register shall be conclusive, and the 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) 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 (including all or a portion of its Revolving Credit Commitments, Term Loan B Commitments and/or the Loans owing to it); provided that (i) such Lender’s obligations under
this Agreement shall remain unchanged, (ii) such Lender shall remain solely responsible to the other parties hereto for the performance of such obligations and (iii) the Borrower, the Administrative Agent and the other Lenders shall
continue to deal solely and directly with such Lender in connection with such Lender’s rights and obligations under this Agreement. 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, modification or 

  

 114 

 
waiver described in Section 14.6 that affects such Participant. Subject to paragraph (e) of this Section 14.7, the Borrower
agrees that each Participant shall be entitled to the benefits of Sections 5.9, 5.10 and 14.2 to the same extent as if it were a Lender and had acquired its interest by assignment pursuant to paragraph (b) of this Section. To the
extent permitted by law, each Participant also shall be entitled to the benefits of Section 12.3 as though it were a Lender, provided such Participant agrees to be subject to Section 12.3 as though it were a Lender.

  
 (e) A Participant shall not be entitled to receive any greater
payment under Sections 5.9 and 5.10 than the applicable Lender would have been entitled to receive with respect to the participation sold to such Participant, unless the sale of the participation to such Participant is made with the
Borrower’s prior written consent. A Participant that would be a Foreign Lender if it were a Lender shall not be entitled to the benefits of Section 5.10 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 5.10(d) as though it were a Lender. 
  
 (f) Any Lender may at any time pledge or assign a security interest in all or any portion of its rights under this Agreement to secure obligations of such
Lender, including without limitation 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)
Upon its receipt of a duly completed Assignment and Assumption executed by an assigning Lender and an Eligible Assignee and, if required, counter executed by the Borrower, together with the Note or Notes subject to such assignment and the processing
fee referred to in subsection (a) above, the Administrative Agent will (i) accept such Assignment and Assumption, (ii) on the effective date thereof, record the information contained therein in the Register and (iii) give notice
thereof to the Borrower and the Lenders. Within five (5) Business Days after its receipt of such notice, the Borrower, at its own expense, will execute and deliver to the Administrative Agent, in exchange for the surrendered Note or Notes, a
new Note or Notes to the order of the Eligible Assignee (and, if the assigning Lender has retained any portion of its rights and obligations hereunder, to the order of the assigning Lender), prepared in accordance with the provisions of
Section 2.2 and 3.4 as necessary to reflect, after giving effect to the assignment, the Commitments of the Assignee and (to the extent of any retained interests) the assigning Lender, dated the date of the replaced Note and Notes and
otherwise in substantially the form of Exhibits A-1 and A-3. The Administrative Agent will return canceled Notes to the Borrower. 
  
 (h) Any Lender or Participant may, in connection with any assignment or participation or proposed assignment or participation pursuant to this Section,
disclose to the Eligible Assignee or Participant or proposed Eligible Assignee or Participant any information relating to the Borrower and its Subsidiaries furnished to it by or on behalf of any other party hereto, provided that such Eligible
Assignee or Participant or proposed Eligible Assignee or Participant agrees in writing to keep such information confidential to the same extent required of the Lenders under Section 14.12. 
  
 14.8 No Waiver. The rights and remedies of the Administrative Agent
and the Lenders expressly set forth in this Agreement and the other Credit Documents are cumulative and in addition to, and not exclusive of, all other rights and remedies available at law, in equity or otherwise. No failure or delay on the part of
the Administrative Agent or any Lender in 

  

 115 

 
exercising any right, power or privilege shall operate as a waiver thereof, nor shall any single or partial exercise of any such right, power or privilege
preclude other or further exercise thereof or the exercise of any other right, power or privilege or be construed to be a waiver of any Default or Event of Default. No course of dealing between any of the Borrower and the Administrative Agent or the
Lenders or their agents or employees shall be effective to amend, modify or discharge any provision of this Agreement or any other Credit Document or to constitute a waiver of any Default or Event of Default. No notice to or demand upon the Borrower
in any case shall entitle the Borrower to any other or further notice or demand in similar or other circumstances or constitute a waiver of the right of the Administrative Agent or any Lender to exercise any right or remedy or take any other or
further action in any circumstances without notice or demand. 
  
 14.9 Survival. All representations, warranties and agreements made by or on behalf of the Borrower or any of its Subsidiaries in this Agreement and in the other Credit Documents shall survive the execution and delivery hereof or
thereof, the making and repayment of the Loans and the issuance and repayment of the Letters of Credit. In addition, notwithstanding anything herein or under applicable law to the contrary, the provisions of this Agreement and the other Credit
Documents relating to indemnification or payment of fees, costs and expenses, including, without limitation, the provisions of Sections 5.9(a), 5.9(b), 5.10, 5.11, 13.7, 14.1 and 14.2, shall survive
the payment in full of all Loans and Letters of Credit, the termination of the Term Loan B Commitment, Revolving Credit Commitments and all Letters of Credit and any termination of this Agreement or any of the other Credit Documents. 
  
 14.10 Severability. To the extent any provision of this Agreement is
prohibited by or invalid under the applicable law of any jurisdiction such provision shall be ineffective only to the extent of such prohibition or invalidity and only in such jurisdiction, without prohibiting or invalidating such provision in any
other jurisdiction or the remaining provisions of this Agreement in any jurisdiction. 
  
 14.11 Construction. The headings of the various articles, sections and subsections of this Agreement have been inserted for convenience only and shall not in any way affect the meaning or construction of any of
the provisions hereof. Except as otherwise expressly provided herein and in the other Credit Documents, in the event of any inconsistency or conflict between any provision of this Agreement and any provision of any of the other Credit Documents, the
provision of this Agreement shall control. 
  
 14.12
Confidentiality. Each Lender agrees to keep confidential, all Information (as defined below) provided to it by or on behalf of the Borrower or any of its Subsidiaries in connection with this Agreement or any other Credit Document;
provided, however, that any Lender may disclose such information (i) to its directors, employees and agents and to its auditors, counsel and other professional advisors or to an Affiliate and its directors, (ii) at the demand
or request of any bank regulatory authority, court or other Governmental Authority having or asserting jurisdiction over such Lender, as may be required pursuant to subpoena or other legal process, or otherwise in order to comply with any applicable
Requirement of Law, (iii) in connection with any proceeding to enforce its rights hereunder or under any other Credit Document or any other litigation or proceeding related hereto or to which it is a party, (iv) to the Administrative Agent
or any other Lender and (v) to the extent the same has become publicly available other than as a result of a breach of this Agreement. 
  

 116 

 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 Issuing Lender on a nonconfidential basis prior to disclosure by the
Borrower or any Subsidiary, provided that, in the case of information received from the Borrower or any Subsidiary after the date hereof, such information is clearly identified at the time of delivery as confidential. 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 Requirements of Law, including Federal and state securities Requirements of Laws. 
  
 14.13 Counterparts. This Agreement may be executed in any number of
counterparts and by different parties hereto on separate counterparts, each of which when so executed and delivered shall be an original, but all of which shall together constitute one and the same instrument. Facsimile copies shall be deemed to be
duplicate originals. 
  
 14.14 Disclosure of Information.
The Borrower agrees and consents to the Administrative Agent’s disclosure of information relating to this transaction to Gold Sheets and other similar bank trade publications. Such information will consist of deal terms and other information
customarily found in such publications. 
  
 14.15 Entire
Agreement. THIS AGREEMENT AND THE OTHER DOCUMENTS AND INSTRUMENTS EXECUTED AND DELIVERED IN CONNECTION HEREWITH (A) EMBODY THE ENTIRE AGREEMENT AND UNDERSTANDING BETWEEN THE PARTIES HERETO AND THERETO RELATING TO THE SUBJECT MATTER HEREOF
AND THEREOF, (B) SUPERSEDE ANY AND ALL PRIOR AGREEMENTS AND UNDERSTANDINGS OF SUCH PERSONS, ORAL OR WRITTEN, RELATING TO THE SUBJECT MATTER HEREOF AND THEREOF, INCLUDING, WITHOUT LIMITATION, THE THIRD AMENDED CREDIT AGREEMENT AND THE COMMITMENT
LETTER FROM BANK OF AMERICA TO THE BORROWER DATED MARCH 31, 2004, AND (C) MAY NOT BE AMENDED, SUPPLEMENTED, CONTRADICTED OR OTHERWISE MODIFIED BY EVIDENCE OF PRIOR, CONTEMPORANEOUS OR SUBSEQUENT ORAL AGREEMENTS OF THE PARTIES. 
  
 14.16 USA PATRIOT Act Notice. Each Lender 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. 
  
 (Signatures to follow) 
  

 117 

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

			
	RADIATION THERAPY SERVICES, INC.
		
	 By:
	 	/s/    DAVID M.
KOENINGER        
	 Name:
	 	David M. Koeninger
	 Title:
	 	Chief Financial Officer

  
 (signatures
continued) 
  

 118 

			
	BANK OF AMERICA, N.A., as Administrative Agent
		
	 By:
	 	/s/    KRISTINE THENNES        
	 Name:
	 	Kristine Thennes
	 Title:
	 	Vice President
	
	BANK OF AMERICA, N.A., as Lender, as Swingline Lender and as Issuing Bank
		
	 By:
	 	/s/    ALEXANDER L. RODY        
	 Name:
	 	Alexander L. Rody
	 Title:
	 	Senior Vice President
	
	Instructions for wire transfers to the Administrative Agent:
	
	Bank of America, N.A.
	 ABA Routing No. 026-009-593

	 New York, New York

	 Account Number: 136-621-225-0600

	 Account Name: Radiation Therapy Services, Inc.

	 Attention: Corporate Credit Services

	
	 Address for notices as a Lender:

	
	 Bank of America, N.A.

	 TN1-100-04-17

	 414 Union Street, 4th Floor

	 Nashville, Tennessee 37219-1697

	 Attention: Alex Rody

	 Telephone: 615.749.3195

	 Telecopy: 615.749.4951

	 Electronic Mail: alex.rody@bankofamerica.com

	
	 Lending Office:

	
	 231 S. LaSalle Street, MC: IL1-231-08-30

	 Chicago, Illinois 60604

	 Attention: Kristine Thennes, Agency Management

	 Telephone: 312.828.1657

	 Telecopy: 877.206.8412

  
 (signatures
continued) 
  

 119 

			
	WACHOVIA BANK, NATIONAL ASSOCIATION, as a Lender
		
	 By:
	 	/s/    RICHARD NELSON        
	 Name:
	 	Richard Nelson
	 Title:
	 	Vice President
	
	 Address for notices as a Lender:

	
	 Wachovia Bank, National Association

	 301 South College Street, 15th Floor

	 NC5562

	 Charlotte, North Carolina 28288

	 Attention: Richard Nelson

	 Telephone: 704.715.1445

	 Telecopy: 704.383-7611

	
	 Lending Office:

	
	 Wachovia Bank, National Association

	 301 South College Street, 15th Floor

	 NC5562

	 Charlotte, North Carolina 28288

	 Attention: Richard Nelson

	 Telephone: 704.715.1445

	 Telecopy: 704.383-7611

  
 (signatures
continued) 
  

 120 

			
	FIFTH THIRD BANK, a Michigan Banking Corporation, as a Lender
		
	 By:
	 	/s/    KEVIN HART        
	 Name:
	 	Kevin Hart
	 Title:
	 	Vice President
	
	 Address for notices:

	
	 Fifth Third Bank, a Michigan Banking corporation

	 5050 Kingsley Drive

	 Cincinnati, OH 45263

	 MD: 1MOC2B

	 Attention: Thomas Hughes

	 Telephone: 513.358.9202

	 Telecopy: 513.358.0221

	
	 Lending Office:

	
	 Fifth Third Bank, a Michigan Banking corporation

	 13350 Metro Parkway, MD: B21811

	 Fort Myers, FL 33912

	 Telephone: 239-225-2003

	 Telecopy: 239-225-2022

  
 (signatures
continued) 
  

 121 

					
	 	 	SUNTRUST BANK
			
	 	 	 By:
	 	/s/    PAMELA W. PETERS        
	 	 	 Name:
	 	Pamela W. Peters
	 	 	 Title:
	 	Senior Vice President
	
	 Address for notices:

		
	 	 	 SunTrust Bank

	 	 	 12751 New Brittany Boulevard

	 	 	 Post Office Box 3454

	 	 	 Fort Myers, FL 33918-3454

	 	 	 Attention: Pamela W. Peters

	 	 	 Telephone: 239.277.2505

	 	 	 Telecopy: 239.277.2576

		
	 	 	 Lending Office:

		
	 	 	 SunTrust Bank

	 	 	 12751 New Brittany Boulevard

	 	 	 Post Office Box 3454

	 	 	 Fort Myers, FL 33918-3454

	 	 	 Attention: Pamela W. Peters

	 	 	 Telephone: 239.277.2505

	 	 	 Telecopy: 239.277.2576

  
 (signatures
continued) 
  

 122 

			
	CAROLINA FIRST BANK
		
	 By:
	 	/s/    KEVIN M. SHORT        
	 Name:
	 	Kevin M. Short
	 Title:
	 	Senior Vice President
	
	 Address for notices:

	
	 Carolina First Bank

	 104 S. Main Street

	 Greenville, SC 29601

	 Attention: Kevin Short

	 Telephone: 864.255.8965

	 Telecopy: 865.255.8991

	
	 Lending Office:

	
	 Carolina First Bank

	 104 S. Main Street

	 Greenville, SC 29601

	 Attention: Valerie Ochs

	 Telephone: 864.298-6092

	 Telecopy: 865.255.8920

  

 123 

			
	NATIONAL CITY BANK OF KENTUCKY
		
	 By:
	 	/s/    DEROY SCOTT        
	 Name:
	 	Deroy Scott
	 Title:
	 	Senior Vice President
	
	 Address for notices:

	
	National City Bank of Kentucky
	 101 South Fifth Street

	 37th Floor (31-T37M)

	 Louisville, KY 40202

	 Attention: Deroy Scott

	 Telephone: 502.581.7821

	 Telecopy: 502.581.4424

	
	 Lending Office:

	
	 National City Bank

	 One National City Parkway

	 Loc. K-A12-1A

	 Kalamazoo, MI 49009

	 Attention: Terry Endriss

	 Telephone: 269.973.1440

	 Telecopy: 269.973.2405

  
 (signatures
continued) 
  

 124 

			
	THE INTERNATIONAL BANK OF MIAMI, N.A.
		
	 By:
	 	/s/    PANAYIOTIS CH.
ZOTOS        
	 Name:
	 	Panayiotis Ch. Zotos
	 Title:
	 	Senior Vice President
	
	 Address for notices:

	
	 The International Bank of Miami, N.A.

	 121 Alhambra Plaza, PH-2

	 Coral Gables, FL 33134

	 Attention: P.C. Zotos, SVP

	 Telephone: 305.459.8492

	 Telecopy: 305.569.0544

	
	 Lending Office:

	
	 The International Bank of Miami, N.A.

	 121 Alhambra Plaza, PH-2

	 Coral Gables, FL 33134

	 Attention: Ely Rodriguez

	 Telephone: 305.459.8493

	 Telecopy: 305.569.0544

  
 (signatures
continued) 
  

 125 

			
	REGIONS BANK
		
	 By:
	 	/s/    KEVIN BEATTIE        
	 Name:
	 	Kevin Beattie
	 Title:
	 	Vice President
	
	 Address for notices:

	
	 Regions Bank

	 1489 W. Palmetto Park Road, 3rd Floor

	 Boca Raton, FL 33486

	 Attention: Kevin Beattie, Vice President

	 Telephone: 561.361.5784

	 Telecopy: 561.361.5632

	
	 Lending Office:

	
	 Regions Bank

	 1489 W. Palmetto Park Road, 3rd Floor

	 Boca Raton, FL 33486

	 Attention: Kevin Beattie, Vice President

	 Telephone: 561.361.5784

	 Telecopy: 561.361.5632

  
 (signatures
continued) 
  

 126 

			
	LASALLE BANK, NATIONAL ASSOCIATION
		
	 By:
	 	/s/    MARK J. NYLAND        
	 Name:
	 	Mark J. Nyland
	 Title:
	 	Vice President

  

 127

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