Document:

EXHIBIT 4.1(a)

	
 

	
 

	 

THIRD AMENDED AND RESTATED
CREDIT AGREEMENT

by and among

EMCOR GROUP, INC.

and

CERTAIN OF ITS SUBSIDIARIES

and

BANK OF MONTREAL, 

individually and as Agent

and

the Lenders

which are or become parties hereto

Dated as of November 21, 2011

	
 

	
 

	 

BMO CAPITAL MARKETS,
BANK OF AMERICA MERRILL
LYNCH,

JPMORGAN CHASE BANK, N.A., AND

U.S. BANK, NATIONAL ASSOCIATION

as Joint Lead Arrangers and Joint Book Runners

  BANK OF AMERICA MERRILL
LYNCH,

JPMORGAN CHASE BANK, N.A. AND

U.S. BANK, NATIONAL ASSOCIATION,

as Co-Syndication Agents

FIFTH THIRD BANK,

as Documentation Agent

	
 

	
 

	 

TABLE OF CONTENTS 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
PAGE

	
 

	
Section 1.

	
 

	
The
Revolving Credit

	
 

	
1

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Section 1.2.

	
Maximum Commitments

	
 

	
1

	
 

	
 

	
Section 1.2.

	
Conversions

	
 

	
3

	
 

	
 

	
Section 1.3.

	
Letters of Credit

	
 

	
3

	
 

	
 

	
(a)

	
 

	
General Terms

	
 

	
3

	
 

	
 

	
(b)

	
 

	
Applications

	
 

	
3

	
 

	
 

	
(c)

	
 

	
The Reimbursement Obligation

	
 

	
5

	
 

	
 

	
(d)

	
 

	
The Participating Interests

	
 

	
6

	
 

	
 

	
(e)

	
 

	
Indemnification

	
 

	
7

	
 

	
 

	
Section 1.4.

	
Manner of Borrowing Revolving Loans

	
 

	
7

	
 

	
 

	
(a)

	
 

	
Generally

	
 

	
7

	
 

	
 

	
(b)

	
 

	
Agent Reliance on Bank Funding

	
 

	
8

	
 

	
 

	
Section 1.5.

	
Minimum Borrowing Amounts

	
 

	
8

	
 

	
 

	
Section 1.6.

	
Maturity of Loans

	
 

	
8

	
 

	
 

	
Section 1.7.

	
Appointment of Company as Agent for
Borrowers; Reliance by Agent

	
 

	
8

	
 

	
 

	
(a)

	
 

	
Appointment

	
 

	
8

	
 

	
 

	
(b)

	
 

	
Reliance

	
 

	
9

	
 

	
 

	
Section 1.8.

	
Swing Loans

	
 

	
9

	
 

	
 

	
Section 1.9.

	
Default Rate

	
 

	
10

	
 

	
 

	
Section 1.10.

	
Increase in Commitment

	
 

	
11

	
 

	
 

	
Section 1.11.

	
Removal of a Borrower

	
 

	
12

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Section 2.

	
Interest

	
 

	
12

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Section 2.1.

	
Domestic Rate Loans

	
 

	
12

	
 

	
 

	
Section 2.2.

	
Eurodollar Loans

	
 

	
12

	
 

	
 

	
Section 2.3.

	
Rate Determinations

	
 

	
13

	
 

	
 

	
Section 2.4.

	
Computation of Interest

	
 

	
13

	
 

	
 

	
Section 2.5.

	
Funding Indemnity

	
 

	
13

	
 

	
 

	
Section 2.6.

	
Change of Law

	
 

	
14

	
 

	
 

	
Section 2.7.

	
Unavailability

	
 

	
14

	
 

	
 

	
Section 2.8.

	
Increased Cost and Reduced Return

	
 

	
14

	
 

	
 

	
Section 2.9.

	
Lending Offices

	
 

	
15

	
 

	
 

	
Section 2.10.

	
Discretion of Lender as to Manner of
Funding

	
 

	
16

	
 

	
 

	
Section 2.11.

	
Capital Adequacy

	
 

	
16

	
 

	
 

	
Section 2.12.

	
Substitution of Lenders

	
 

	
16

	
 

	
 

	
Section 2.13.

	
Defaulting Lenders

	
 

	
17

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Section 3.

	
 

	
Fees,
Payments, Reductions, Applications and Notations

	
 

	
17

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Section 3.1.

	
Commitment Fee

	
 

	
17

	
 

-i-

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Section 3.2.

	
Other Fees

	
 

	
18

	
 

	
 

	
Section 3.3.

	
Letter of Credit Fees

	
 

	
18

	
 

	
 

	
Section 3.4.

	
Voluntary Prepayments

	
 

	
18

	
 

	
 

	
Section 3.5.

	
Mandatory Prepayments and Commitment
Reductions

	
 

	
18

	
 

	
 

	
Section 3.6.

	
Voluntary Terminations

	
 

	
20

	
 

	
 

	
Section 3.7.

	
Place and Application

	
 

	
20

	
 

	
 

	
Section 3.8.

	
Evidence of Indebtedness

	
 

	
22

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Section 4.

	
The
Collateral and the Guarantees

	
 

	
22

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Section 4.1.

	
 

	
The Collateral

	
 

	
22

	
 

	
 

	
Section 4.2.

	
 

	
The Guarantees

	
 

	
25

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Section 5.

	
 

	
Representations
and Warranties

	
 

	
25

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Section 5.1.

	
 

	
Organization and Qualification

	
 

	
25

	
 

	
 

	
Section 5.2.

	
 

	
Subsidiaries

	
 

	
25

	
 

	
 

	
Section 5.3.

	
 

	
Corporate Authority and Validity of
Obligations

	
 

	
26

	
 

	
 

	
Section 5.4.

	
 

	
Use of Proceeds; Margin Stock

	
 

	
26

	
 

	
 

	
Section 5.5.

	
 

	
Financial Reports

	
 

	
27

	
 

	
 

	
Section 5.6.

	
 

	
No Material Adverse Change

	
 

	
27

	
 

	
 

	
Section 5.7.

	
 

	
Full Disclosure

	
 

	
27

	
 

	
 

	
Section 5.8.

	
 

	
Good Title

	
 

	
27

	
 

	
 

	
Section 5.9.

	
 

	
Litigation and Other Controversies

	
 

	
28

	
 

	
 

	
Section 5.10.

	
 

	
Taxes

	
 

	
28

	
 

	
 

	
Section 5.11.

	
 

	
Approvals

	
 

	
28

	
 

	
 

	
Section 5.12.

	
 

	
Affiliate Transactions

	
 

	
28

	
 

	
 

	
Section 5.13.

	
 

	
Investment Company

	
 

	
28

	
 

	
 

	
Section 5.14.

	
 

	
ERISA

	
 

	
28

	
 

	
 

	
Section 5.15.

	
 

	
Compliance with Laws

	
 

	
29

	
 

	
 

	
Section 5.16.

	
 

	
Other Agreements

	
 

	
29

	
 

	
 

	
Section 5.17.

	
 

	
No Default

	
 

	
29

	
 

	
 

	
Section 5.18.

	
 

	
Solvency

	
 

	
29

	
 

	
 

	
Section 5.19.

	
 

	
OFAC

	
 

	
29

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Section 6.

	
 

	
Conditions
Precedent

	
 

	
29

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Section 6.1.

	
 

	
All Credit Utilizations

	
 

	
30

	
 

	
 

	
Section 6.2.

	
 

	
Initial Credit Utilization

	
 

	
31

	
 

	
 

	
Section 6.3.

	
 

	
Post Closing Matters

	
 

	
33

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Section 7.

	
 

	
Covenants

	
 

	
33

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Section 7.1.

	
 

	
Maintenance of Business

	
 

	
33

	
 

	
 

	
Section 7.2.

	
 

	
Maintenance of Property

	
 

	
34

	
 

	
 

	
Section 7.3.

	
 

	
Taxes and Assessments

	
 

	
34

	
 

	
 

	
Section 7.4.

	
 

	
Insurance

	
 

	
34

	
 

	
 

	
Section 7.5.

	
 

	
Financial Reports and Rights of Inspection

	
 

	
34

	
 

-ii-

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Section 7.6.

	
 

	
No Restrictions

	
 

	
36

	
 

	
 

	
Section 7.7.

	
 

	
Leverage Ratio

	
 

	
36

	
 

	
 

	
Section 7.8.

	
 

	
Interest Coverage Ratio

	
 

	
36

	
 

	
 

	
Section 7.9.

	
 

	
Compliance with OFAC Sanctions Programs

	
 

	
37

	
 

	
 

	
Section 7.10.

	
 

	
Indebtedness for Borrowed Money

	
 

	
37

	
 

	
 

	
Section 7.11.

	
 

	
Liens

	
 

	
39

	
 

	
 

	
Section 7.12.

	
 

	
Investments, Acquisitions, Loans, Advances
and Guarantees

	
 

	
40

	
 

	
 

	
Section 7.13.

	
 

	
Capital and Certain other Restricted
Expenditures

	
 

	
44

	
 

	
 

	
Section 7.14.

	
 

	
Mergers, Consolidations and Sales

	
 

	
44

	
 

	
 

	
Section 7.15.

	
 

	
Maintenance of Restricted Subsidiaries

	
 

	
45

	
 

	
 

	
Section 7.16.

	
 

	
Dividends and Certain Other Restricted
Payments

	
 

	
46

	
 

	
 

	
Section 7.17.

	
 

	
ERISA

	
 

	
47

	
 

	
 

	
Section 7.18.

	
 

	
Compliance with Laws

	
 

	
47

	
 

	
 

	
Section 7.19.

	
 

	
Burdensome Contracts With Affiliates

	
 

	
47

	
 

	
 

	
Section 7.20.

	
 

	
No Changes in Fiscal Year

	
 

	
47

	
 

	
 

	
Section 7.21.

	
 

	
Formation of Subsidiaries

	
 

	
47

	
 

	
 

	
Section 7.22.

	
 

	
Change in the Nature of Business

	
 

	
48

	
 

	
 

	
Section 7.23.

	
 

	
Use of Proceeds

	
 

	
48

	
 

	
 

	
Section 7.24.

	
 

	
Deposit Accounts

	
 

	
48

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Section 8.

	
 

	
Events of
Default and Remedies

	
 

	
48

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Section 8.1.

	
 

	
Events of Default

	
 

	
48

	
 

	
 

	
Section 8.2.

	
 

	
Non-Bankruptcy Defaults

	
 

	
50

	
 

	
 

	
Section 8.3.

	
 

	
Bankruptcy Defaults

	
 

	
50

	
 

	
 

	
Section 8.4.

	
 

	
Collateral for Undrawn Letters of Credit

	
 

	
51

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Section 9.

	
 

	
Definitions
Interpretations

	
 

	
52

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Section 9.1.

	
 

	
Definitions

	
 

	
52

	
 

	
 

	
Section 9.2.

	
 

	
Interpretation

	
 

	
72

	
 

	
 

	
Section 9.3.

	
 

	
Capital Stock

	
 

	
72

	
 

	
 

	
Section 9.4.

	
 

	
Change in Accounting Principles

	
 

	
72

	
 

	
 

	
Section 10.

	
 

	
The Agent and The Issuers

	
 

	
73

	
 

	
 

	
 

	
Section 10.1.

	
 

	
Appointment and Authorization

	
 

	
73

	
 

	
 

	
Section 10.2.

	
 

	
Rights as a Lender

	
 

	
73

	
 

	
 

	
Section 10.3.

	
 

	
Standard of Care

	
 

	
74

	
 

	
 

	
Section 10.4.

	
 

	
Costs and Expenses

	
 

	
74

	
 

	
 

	
Section 10.5.

	
 

	
Indemnity

	
 

	
75

	
 

	
 

	
Section 10.6.

	
 

	
Intentionally Omitted

	
 

	
75

	
 

	
 

	
Section 10.7.

	
 

	
Conflict

	
 

	
75

	
 

	
 

	
Section 10.8.

	
 

	
Hedging Liability

	
 

	
75

	
 

	
 

	
Section 10.9.

	
 

	
Designation of Additional Agents

	
 

	
75

	
 

	
 

	
Section 10.10.

	
 

	
Authorization to Release or Subordinate or
Limit Liens

	
 

	
75

	
 

-iii-

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Section 10.11.

	
Authorization to Enter into, and
Enforcement of, the Collateral Documents

	
 

	
76

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Section 11.

	
 

	
Miscellaneous

	
 

	
76

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Section 11.1.

	
Withholding Taxes

	
 

	
76

	
 

	
 

	
Section 11.2.

	
Holidays

	
 

	
78

	
 

	
 

	
Section 11.3.

	
No Waiver, Cumulative Remedies

	
 

	
78

	
 

	
 

	
Section 11.4.

	
Amendments

	
 

	
78

	
 

	
 

	
Section 11.5.

	
Costs and Expenses

	
 

	
79

	
 

	
 

	
Section 11.6.

	
Stamp Taxes

	
 

	
79

	
 

	
 

	
Section 11.7.

	
Survival of Representations and Indemnities

	
 

	
79

	
 

	
 

	
Section 11.8.

	
Construction

	
 

	
80

	
 

	
 

	
Section 13.8.

	
Notices

	
 

	
80

	
 

	
 

	
Section
11.10.

	
Obligations Several

	
 

	
80

	
 

	
 

	
Section 11.11.

	
Headings

	
 

	
80

	
 

	
 

	
Section 11.12.

	
Severability of Provisions

	
 

	
80

	
 

	
 

	
Section 11.13.

	
Counterparts

	
 

	
81

	
 

	
 

	
Section 11.14.

	
Binding Nature and Governing Law

	
 

	
81

	
 

	
 

	
Section 11.15.

	
Entire Understanding

	
 

	
81

	
 

	
 

	
Section 11.16.

	
Participations

	
 

	
81

	
 

	
 

	
Section 11.17.

	
Assignments

	
 

	
81

	
 

	
 

	
Section 11.18.

	
Terms of Collateral Documents not
Superseded

	
 

	
84

	
 

	
 

	
Section 11.19.

	
Personal Jurisdiction

	
 

	
84

	
 

	
 

	
(a)

	
 

	
Exclusive Jurisdiction

	
 

	
84

	
 

	
 

	
(b)

	
 

	
Other Jurisdictions

	
 

	
84

	
 

	
 

	
Section 11.20.

	
Currency

	
 

	
85

	
 

	
 

	
Section 11.21.

	
Currency Equivalence

	
 

	
85

	
 

	
 

	
Section 11.22.

	
Change in Currency

	
 

	
85

	
 

	
 

	
Section 11.23.

	
Interest Rate
Limitation

	
 

	
86

	
 

	
 

	
Section 11.24.

	
USA Patriot Act

	
 

	
86

	
 

	
 

	
Section 11.25.

	
Confidentiality

	
 

	
86

	
 

	
 

	
Section 11.26.

	
Amendment and Restatement

	
 

	
87

	
 

	
 

	
Section 11.27.

	
Removal of Lenders and Assignment of
Interests; Equalization of Loans

	
 

	
87

	
 

	
 

	
Section 11.28.

	
Sharing of Set-Off

	
 

	
88

	
 

	
 

	
Section 11.29.

	
Set-off

	
 

	
89

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Signature
Page

	
 

	
 

	
 

	
1

	
 

-iv-

	
 

	
EXHIBIT A-1 – Revolving Credit Note

	
EXHIBIT A-2 – Swing Note

	
EXHIBIT B – Form of Opinion of Counsel

	
EXHIBIT C – Compliance Certificate

	
EXHIBIT D – Assignment and Acceptance

	
EXHIBIT E – Commitment Amount Increase Request

	
EXHIBIT F – Borrowing Notice

	
SCHEDULE I – Compliance Calculations

	
SCHEDULE 1.1 – Commitments

	
SCHEDULE 1.3 – Existing Letters of Credit

	
SCHEDULE 4.2 – The Guarantors

	
SCHEDULE 5.2 –Subsidiaries

	
SCHEDULE 7.10 – Indebtedness

	
SCHEDULE 7.11 – Liens

	
SCHEDULE 7.12 – Investments, Loans, Advances and
Guarantees

-v-

EMCOR GROUP, INC.

Third
Amended and Restated Credit Agreement

          This
    Third Amended and Restated Credit Agreement is entered into as of November 21,
2011, by and among EMCOR Group Inc., a Delaware corporation (the “Company”),
and EMCOR Group (UK) plc., a United Kingdom public limited company (“EMCOR
UK”),
the several financial institutions from time to time party to this Agreement,
as Lenders, and Bank of Montreal, as Agent as provided herein. All capitalized
terms used herein without definition shall have the same meanings herein as
such terms are defined in Section 9.1 hereof.

 Preliminary Statement 

          A. The
Borrowers, the Lenders from time to time party thereto and the Agent, are
currently party to that certain Second Amended and Restated Credit Agreement
dated as of February 4, 2010 (as amended, the “Existing Credit Agreement”)
pursuant to which the Lenders agreed to make a revolving credit available to
the Borrowers, all as more fully set forth therein.

          B. The
Company and EMCOR UK hereby request that certain amendments be made to the
Existing Credit Agreement and, for the sake of clarity and convenience, that
the Existing Credit Agreement be restated as so amended.

          C. On the
date hereof, the Departing Lenders, will assign all of their loans and
commitments to the Lenders under this Agreement.

          NOW,
THEREFORE, in consideration of the recitals set forth above,
which by this reference are incorporated into this Agreement set forth below,
and for other good and valuable consideration, the receipt and sufficiency of
which are hereby acknowledged and subject to the terms and conditions hereof
and on the basis of the representations and warranties herein set forth, the Borrowers,
the Lenders, the Departing Lenders and the Agent hereby agree that upon
satisfaction of the conditions precedent to the initial Credit Utilization
hereinafter set forth, the Existing Credit Agreement and all of the Exhibits
and Schedules thereto shall be amended and as so amended shall be restated in
their entirety (but shall not constitute a novation) to read as follows:

	
 

	
 

	
Section 1.

	
The
Revolving Credit.

          Section 1.1.
Total Commitments. (a) U.S. Revolving Loans. Subject
to the terms and conditions hereof and as part of the Total Commitments, each
U.S. Lender, by its acceptance hereof, severally agrees to make a loan or loans
(individually a “U.S. Revolving Loan” and collectively the “U.S. Revolving
Loans”) in U.S. Dollars to the U.S. Borrowers from time to time
on a revolving basis before the Termination Date. Each Borrowing of
U.S. Revolving Loans shall be made ratably by the U.S. Lenders in
proportion to their respective U.S. Revolver Percentages. U.S. Revolving
Loans may be repaid and the principal amount thereof reborrowed before the
Termination Date, subject to the terms and conditions hereof.

          (b) Multicurrency
Revolving Loans. Subject to the terms and conditions hereof and as
part of the Total Commitments, each Multicurrency Lender, by its acceptance
hereof, severally agrees to make a loan or loans (individually an “Multicurrency
Revolving Loan” and collectively the “Multicurrency Revolving Loans”)
in (i) U.S. Dollars or Alternative Currencies to the U.K. Borrowers and (ii)
Alternative Currencies to the U.S. Borrowers, in each case from time to time on
a revolving basis before the Termination Date. Each Borrowing of Multicurrency
Revolving Loans hereunder shall be made ratably by the Multicurrency Lenders in
proportion to their respective Multicurrency Revolver Percentages.
Multicurrency Revolving Loans may be repaid and the principal amount thereof
reborrowed before the Termination Date, subject to the terms and conditions
hereof.

          (c) General.
With respect to each Credit Utilization, after giving effect to such Credit
Utilization:

	
 

	
 

	
 

	
          (i) the
sum of the U.S. Dollar Equivalent of the aggregate principal amount of
Revolving Loans, Swing Loans, and L/C Obligations at any time
outstanding shall not exceed the Total Commitments in effect at such time; 

	
 

	
 

	
 

	
          (ii) the
sum of the aggregate principal amount of U.S. Revolving Loans, Swing Loans
and L/C Obligations at any one time outstanding shall not exceed an amount
equal to (A) the U.S. Dollar Commitments in effect at such time minus
(B) the U.S. Dollar Equivalent of the aggregate principal amount of
Multicurrency Revolving Loans outstanding at such time;

	
 

	
 

	
 

	
          (iii) the
sum of the U.S. Dollar Equivalent of the aggregate principal amount of Multicurrency
Revolving Loans at any one time outstanding shall not exceed an amount equal
to (A) the Multicurrency Commitments in effect at such time minus
(B) the aggregate principal amount of U.S. Revolving Loans, Swing Loans and
L/C Obligations outstanding at such time;

	
 

	
 

	
 

	
          (iv) the
sum of the U.S. Dollar Equivalent of the aggregate principal amount of
Revolving Loans from any Lender plus such Lender’s Percentage of
participations in Letters of Credit and Swing Loans shall not at any time
exceed such Lender’s Total Commitment; and

	
 

	
 

	
 

	
          (v) the
U.S. Dollar Equivalent of the aggregate principal amount of all
Multicurrency Revolving Loans made to the U.K. Borrowers when taken together
with the aggregate amount of L/C Obligations with respect to Letters of
Credit issued for the account of the U.K. Borrowers and their respective
Subsidiaries shall in no event exceed the U.S. Dollar Equivalent of
$50,000,000 at any one time outstanding (the “UK Borrowers Sublimit”).

          (c) Several Obligations.
The obligations of the Lenders hereunder are several and not joint.

-2-

          Section
1.2. Conversions. For all purposes of this Agreement,
where a determination of the used, unused or available amount of the Total
Commitments or of the outstanding amount of Credit Utilizations is necessary,
Credit Utilizations payable in an Alternative Currency shall be converted into
their U.S. Dollar Equivalent. Such conversions shall be made on the date
of each Credit Utilization in an Alternative Currency as to that Credit
Utilization and all Credit Utilizations shall be converted into their
U.S. Dollar Equivalent as of the last day of each month or at the time of
each Credit Utilization should the Agent so elect. If the last day of a month
is not a Business Day, such conversion shall be made as of the next Business
Day. The Agent shall promptly notify the Company of such determination of a
U.S. Dollar Equivalent and of the basis therefor. All Credit Utilizations
and interest thereon shall be repaid in the currency in which they were
effected.

          Section 1.3.
Letters of Credit.

          (a) General
Terms. Subject to the terms, conditions and limitations hereof
(including those set forth in Section 1.1 hereof), as part of the
U.S. Revolving Credit, the Applicable Issuer shall issue Financial Letters
of Credit or Performance Letters of Credit (each a “Letter of Credit”) under
the U.S. Revolving Credit for the account of a Borrower and/or one or more
of its Subsidiaries in U.S. Dollars or Alternative Currencies in an
aggregate undrawn face amount up to the L/C Sublimit; provided, no Applicable
Issuer shall be required to issue a Letter of Credit hereunder if, after giving
effect to such Letter of Credit, the aggregate undrawn face amount of all
Letters of Credit issued by such Applicable Issuer and any affiliate of the
Applicable Issuer would exceed the Applicable Issuer’s Cap. Each Letter of
Credit shall be issued by the Applicable Issuer, but each U.S. Lender
shall be obligated to reimburse the Applicable Issuer for such
U.S. Lender’s U.S. Revolver Percentage of the amount of each drawing
thereunder in accordance with the terms hereof and, accordingly, each Letter of
Credit shall constitute usage of the U.S. Dollar Commitment of each U.S. Lender
pro rata in an amount equal to its Revolver Percentage of the U.S. Dollar
Equivalent of the L/C Obligations then outstanding. Notwithstanding
anything herein to the contrary, those certain letters of credit issued at the
Company’s request for the account of the applicable Borrowers by any Applicable
Issuer and listed on Schedule 1.3 hereof (the “Existing Letters of Credit”)
shall each constitute a “Letter of Credit” herein for all purposes
of this Agreement, to the same extent, and with the same force and effect as if
such Existing Letters of Credit had been issued under this Agreement at the
request of the Company on behalf of the applicable Borrowers. Each Letter of
Credit shall conform to the Applicable Issuer’s policies as to form and shall
be a Letter of Credit which the Applicable Issuer may lawfully issue. Each
Letter of Credit shall support payment of an obligation of the Borrower which
applies for such Letter of Credit or an obligation of such Borrower’s
Restricted Subsidiary or of a Person described in Sections 7.12(j), (n) or
(o) in
which the applicant or one of its Restricted Subsidiaries has an equity
interest.

          (b) Applications.
At any time before the Termination Date, the Applicable Issuer shall, subject
to all of the terms and conditions hereof, at the request of the Company (which
is acting on behalf of the Borrowers pursuant to Section 1.7 hereof),
issue one or more Letters of Credit, in a form satisfactory to the Applicable
Issuer, in an aggregate face amount not to exceed the L/C Sublimit and the
relevant Applicable Issuer’s Cap upon the receipt of an application for the
relevant Letter of Credit in the form customarily prescribed by the Applicable
Issuer for the type 

-3-

of Letter of Credit in question, duly executed by the Borrower for whose
account such Letter of Credit was issued (each an “Application”).
Notwithstanding anything contained herein to the contrary, the applications
executed by the Borrowers with respect to the Existing Letters of Credit shall
each constitute an “Application” herein. Each Letter of
Credit issued hereunder shall (a) be payable, as determined by the Company
acting on behalf of the applicable Borrower, in U.S. Dollars or an
Alternative Currency and (b) expire not later than (i) the Termination
Date for Letters of Credit issued by Bank of Montreal and (ii) the date
which is five days prior to the Termination Date for Letters of Credit issued
by an Applicable Issuer other than Bank of Montreal; provided, that in the sole
discretion of the Agent and the Applicable Issuer, one or more Letters of
Credit may be issued and renewed with an expiration date after the Termination
Date (but no later than one year after the Termination Date) so long as the
applicable Borrower deposits with the Agent at least five (5) Business
Days prior to the Termination Date cash collateral to be held in accordance
with Section 8.4(b) hereof in an amount not less than 105% of the face
amount of such Letters of Credit. Notwithstanding anything contained in any
Application to the contrary, (i) the applicable Borrower’s obligation to
pay fees in connection with each Letter of Credit shall be as exclusively set
forth in Section 3.3 hereof, (ii) except as otherwise provided in
Section 3.5 hereof, prior to the existence of an Event of Default, the Applicable
Issuer will not call for the funding by the Borrower of any amount under a
Letter of Credit, or any other form of collateral security (other than the
Collateral, if any, and the Guarantees) for the Borrower’s obligations in
connection with such Letter of Credit, before being presented with a drawing
thereunder, and (iii) if the Applicable Issuer is not timely reimbursed
for the amount of any drawing under a Letter of Credit on the date such drawing
is paid, the Borrower’s obligation to reimburse the Applicable Issuer for the
amount of such drawing shall bear interest (which the relevant Borrower hereby
promises to pay) from and after the date such drawing is paid at a rate per
annum equal to the sum of 2% plus the Applicable Margin for Eurodollar Loans
from time to time in effect. The Issuer will promptly notify the Agent of each
request for a Letter of Credit and of the issuance of a Letter of Credit and
the Agent shall promptly thereafter so notify each of the Lenders. If an Issuer
issues any Letters of Credit with expiration dates that are automatically
extended unless such Issuer gives notice that the expiration date will not so
extend beyond its then scheduled expiration date, such Issuer will give such
notice of non-renewal before the time necessary to prevent such automatic
extension if before such required notice date (i) the expiration date of
such Letter of Credit if so extended would be after the Termination Date unless
the Borrowers provide cash collateral in accordance with this Section 1.3(b),
(ii) the Total Commitments have been terminated, or (iii) an Event of
Default exists and the Required Lenders have given the Issuer instructions not
to so permit the extension of the expiration date of such Letter of Credit.
Without limiting the generality of the foregoing, the parties hereto hereby
confirm and agree that each Issuer’s obligation to issue, amend or extend the
expiration date of a Letter of Credit is subject to the conditions of
Section 6, the other terms of this Section 1.3 and the other
provisions of this Agreement and such Issuer will not issue, amend or extend
the expiration date of any Letter of Credit if the Required Lenders notify such
Issuer of any Default or Event of Default that is continuing and direct the
Issuer not to take such action. Notwithstanding anything contained herein to
the contrary, the Applicable Issuer shall be under no obligation to issue,
extend or amend any Letter of Credit if a default of any Lender’s obligations
to fund under Section 1.3(c) exists or any Lender is at such time a
Defaulting Lender hereunder, unless the Applicable Issuer has entered into
arrangements 

-4-

with the Company or such Lender satisfactory to the Applicable Issuer
to eliminate the Applicable Issuer’s risk with respect to such Lender.

          (c) The
Reimbursement Obligation.
(i) Subject to Section 1.3(b) hereof, the obligation of a Borrower to
reimburse the Applicable Issuer for all drawings under a Letter of Credit
issued for such Borrower’s account (a “Reimbursement Obligation”) shall be
governed by the Application related to such Letter of Credit, except that
reimbursement of each drawing shall be made in immediately available funds at
the designated office of such Issuer by no later than 12:00 Noon (local
time at the issuing office of the Issuer) on the date when such drawing is
paid. If the relevant Borrower does not make any such reimbursement payment on
the date due and the applicable Participating Lenders fund their participations
therein in the manner set forth in Section 1.3(d) below, then all payments
thereafter received by the Applicable Issuer in discharge of any of the
relevant Reimbursement Obligations shall be distributed in accordance with
Section 1.3(d) below.

          (ii) The
Borrower’s obligation to reimburse the Applicable Issuer as provided in
subsection (c)(i) of this Section shall be absolute, unconditional and
irrevocable, and shall be performed strictly in accordance with the terms of
this Agreement and the relevant Application under any and all circumstances
whatsoever and irrespective of (i) any lack of validity or enforceability of
any Letter of Credit or this Agreement, or any term or provision therein, (ii)
any draft or other document presented under a Letter of Credit proving to be
forged, fraudulent or invalid in any respect or any statement therein being
untrue or inaccurate in any respect, (iii) payment by the
Applicable Issuer under a Letter of Credit against presentation of a draft
or other document that does not strictly comply with the terms of such Letter
of Credit, or (iv) any other event or circumstance whatsoever, whether or not
similar to any of the foregoing, that might, but for the provisions of this
Section, constitute a legal or equitable discharge of, or provide a right of
setoff against, the Borrowers’ obligations hereunder. None of the Agent, the
Lenders, or the Applicable Issuers shall have any liability or responsibility
by reason of or in connection with the issuance or transfer of any Letter of
Credit or any payment or failure to make any payment thereunder (irrespective
of any of the circumstances referred to in the preceding sentence), or any
error, omission, interruption, loss or delay in transmission or delivery of any
draft, notice or other communication under or relating to any Letter of Credit
(including any document required to make a drawing thereunder), any error in
interpretation of technical terms or any consequence arising from causes beyond
the control of the Applicable Issuer; provided that the foregoing shall not be
construed to excuse the Applicable Issuer from liability to the relevant
Borrower to the extent of any direct damages (as opposed to consequential
damages, claims in respect of which are hereby waived by the such Borrower to
the extent permitted by applicable law) suffered by such Borrower that are
caused by the Applicable Issuer’s failure to exercise care when
determining whether drafts and other documents presented under a Letter of
Credit comply with the terms thereof. The parties hereto expressly agree that,
in the absence of gross negligence or willful misconduct on the part of the
Applicable Issuer (as finally determined by a court of competent
jurisdiction), the Applicable Issuer shall be deemed to have exercised
care in each such determination. In furtherance of the foregoing and without
limiting the generality thereof, the parties agree that, with respect to
documents presented which appear on their face to be in substantial compliance
with the terms of a Letter of Credit, the Applicable Issuer may, in its
sole discretion, either accept and make payment upon such documents without
responsibility for 

-5-

further investigation, regardless of any notice or information to the
contrary, or refuse to accept and make payment upon such documents if such
documents are not in strict compliance with the terms of such Letter of Credit.

          (d) The
Participating Interests.
Each U.S. Lender, by its acceptance hereof, severally agrees to purchase
from the Applicable Issuer, and the Applicable Issuer hereby agrees
to sell to each such U.S. Lender (a “Participating Lender”), an undivided
percentage participating interest (a “Participating Interest”), to the extent
of its U.S. Revolver Percentage, in each Letter of Credit issued by, and
each Reimbursement Obligation owed to, the Applicable Issuer. Upon any
failure by a Borrower to pay any Reimbursement Obligation in respect of a
Letter of Credit issued for such Borrower’s account at the time required on the
date the related drawing is paid, as set forth in Section 1.3(c) above, or
if the Applicable Issuer is required at any time to return to a Borrower or to
a trustee, receiver, liquidator, custodian or other Person any portion of any
payment of any Reimbursement Obligation, each applicable Participating Lender
shall, not later than (i) with respect to payments required to be made in
U.S. Dollars, the Business Day it receives a certificate from the Applicable
Issuer to such effect, if such certificate is received before 1:00 p.m.
(local time at the office of the Issuer), or not later than the following
Business Day, if such certificate is received after such time, and
(ii) with respect to payments required to be made in an Alternative
Currency, not later than three Business Days after receipt of such certificate
pay to the Applicable Issuer an amount equal to its U.S. Revolver Percentage,
of such unpaid or recaptured Reimbursement Obligation together with interest on
such amount accrued from the date such payment is required under this clause
(d) to the date of such payment by such Participating Lender at a rate per
annum equal to (i) from the date the related payment by such Participating
Lender is required to be made under this clause (d) to the date two
(2) Business Days after payment by such Participating Lender is due
hereunder, the Federal Funds Rate for each such day and (ii) from the date
two (2) Business Days after the date such payment is due from such Participating
Lender to the date such payment is made by such Participating Lender, the rate
per annum determined by adding the Applicable Margin to the Domestic Rate in
effect for each such day. Each such Participating Lender shall thereafter be
entitled to receive its U.S. Revolver Percentage, of each payment received in
respect of the relevant Reimbursement Obligation and of interest paid thereon,
with the Applicable Issuer retaining its Percentage as a Lender hereunder.

          The several
obligations of the Participating Lenders to the Issuers under this
Section 1.3 shall be absolute, irrevocable and unconditional under any and
all circumstances whatsoever (except, to the extent such Borrower is relieved
from its obligation to reimburse the Applicable Issuer for a drawing under a
Letter of Credit due solely to the Applicable Issuer’s gross negligence or
willful misconduct in determining that documents received under the Letter of
Credit comply with the terms thereof as determined by a final, non-appealable
judgment of a court of competent jurisdiction) and shall not be subject to any
set-off, counterclaim or defense to payment which any Participating Lender may
have or have had against any one or more of the Borrowers, the Agent, any other
Lender or any other Person whatsoever. Without limiting the generality of the
foregoing, such obligations shall not be affected by any Default or Event of
Default or by any reduction or termination of any Total Commitment of any
Lender, and each payment by a Participating Lender under this Section 1.3
shall be made without any offset, abatement, withholding or reduction
whatsoever. The Agent shall be entitled to offset amounts 

-6-

received for the account of a Lender under this Agreement against
unpaid amounts due from such Lender hereunder (whether as fundings of
participations, indemnities or otherwise).

           (e) Indemnification. Each of the
Participating Lenders shall, to the extent of their respective Percentages,
indemnify the Applicable Issuers (to the extent not reimbursed by the
Borrowers) against any cost, expense (including reasonable counsel fees and
disbursements), claim, demand, action, loss or liability (except such as result
solely from the Applicable Issuer’s gross negligence or willful misconduct as
determined by a final, non-appealable judgment of a court of competent
jurisdiction) that the Applicable Issuers may suffer or incur in connection
with any Letter of Credit. The obligations of the Participating Lenders under
this Section 1.3(e) and all other parts of this Section 1.3 shall
survive termination of this Agreement and of all other L/C Documents.

          Section 1.4.
Manner of Borrowing Revolving Loans.

           (a) Generally. The Company
(which is acting on behalf of the Borrowers pursuant to Section 1.7
hereof) shall give the Agent notice (which shall be irrevocable and may be
written or oral, but if oral, promptly confirmed in writing substantially in
the form of Exhibit F attached hereto) by 10:00 a.m. (Central Time) on any
Business Day of each request for a Borrowing of Revolving Loans, in each case
specifying the Borrower to which the proceeds of such Borrowing are to be
disbursed, the amount of each such Borrowing, the currency of such Borrowing
(which must be U.S. Dollars or an Alternative Currency, except that
Domestic Rate Loans shall only be available in U.S. Dollars), the date
such Borrowing is to be made, which shall be not less than three Business Days
following the date of such notice in the case of a Borrowing in an Alternative
Currency or a Borrowing of Eurodollar Loans (but which may be the same day in
the case of a Borrowing of Domestic Rate Loans), whether the Borrowing is under
the Multicurrency Revolving Credit or the U.S. Revolving Credit, whether the
Borrowing is to be of Domestic Rate Loans or Eurodollar Loans and, in all cases
other than a Borrowing of Domestic Rate Loans, of the Interest Period selected
therefor. The Agent shall promptly notify each relevant Lender of its receipt
of each such notice. Not later than 1:00 p.m. on the date specified for
any Borrowing, each relevant Lender shall make the proceeds of its Revolving
Loan comprising part of such Borrowing available in immediately available funds
to the Agent in Chicago except (i) in the case of Revolving Loans
denominated in an Alternative Currency, which shall be made available at such
office as the Agent has previously specified in a notice to each Multicurrency Lender
in such funds which are then customary for the settlement of international
transactions in such currency and no later than such local time as is necessary
for such funds to be received and transferred to the relevant Borrower for same
day value on the date of the relevant Borrowing and (ii) to the extent
such Borrowing is a reborrowing, in whole or in part, of the principal amount
of a maturing Borrowing of Loans to the same Borrower and in the same currency
(a “Refunding
Borrowing”), in which case each relevant Lender shall record the
Revolving Loan made by it as a part of such Refunding Borrowing on its books or
records, and shall effect the repayment, in whole or in part, as appropriate,
of its maturing Revolving Loan through the proceeds of such new Revolving Loan.
Subject to all of the terms and conditions hereof, the proceeds of each
applicable Lender’s Revolving Loan denominated in U.S. Dollars shall be
made available to the relevant Borrower on the date requested at the office of
the Agent in Chicago and the proceeds of each Multicurrency
Lender’s Revolving Loans denominated in

-7-

an Alternative Currency at such office as the Agent has previously
agreed to with the relevant Borrower, in each case in the currency received by
the Agent from the Lenders. The Multicurrency Lenders’ obligations to make
Multicurrency Revolving Loans in an Alternative Currency or to provide or
participate in Letters of Credit payable in an Alternative Currency shall
always be subject to such Alternative Currency being freely available to each
of them in the relevant market. If any Multicurrency Lender reasonably
determines that such currency requested is unavailable to it in the amount and
for the term requested it shall so notify the Agent within one Business Day of its
receipt of the aforesaid notice and the Agent shall promptly notify the Company
and each other Multicurrency Lender of its receipt of such notice and the
request of the Company for the Borrowing in the Alternative Currency in
question shall otherwise be deemed withdrawn. Borrowing notices shall otherwise
be irrevocable.

          (b) Agent
Reliance on Bank Funding.
Unless the Agent shall have been notified by a Lender before the time when such
Lender is scheduled to make payment to the Agent of the proceeds of a Revolving
Loan that such Lender does not intend to make such payment, the Agent may
assume that such Lender has made such payment when due and the Agent may in
reliance upon such assumption (but shall not be required to) make available to
the relevant Borrower the proceeds of the Revolving Loan to be made by such
Lender and, if any Lender has not in fact made such payment to the Agent, such
Lender shall, on demand, pay to the Agent the amount made available to such
Borrower attributable to such Lender together with interest thereon in respect
of each day during the period commencing on the date such amount was made
available to such Borrower and ending on (but excluding) the date such Lender
pays such amount to the Agent at a rate per annum equal to the Federal Funds
Rate or, in the case of a Multicurrency Revolving Loan denominated in an
Alternative Currency, the cost to the Agent of funding the amount it advanced
to fund such Multicurrency Lender’s Revolving Loan, as determined by the Agent.
If such amount is not received from such Lender by the Agent immediately upon
demand, the applicable Borrower will, on demand, repay to the Agent the
proceeds of the Revolving Loan attributable to such Lender with interest
thereon at a rate per annum equal to the interest rate applicable to the
relevant Revolving Loan.

          Section 1.5.
Minimum Borrowing Amounts.
Each Borrowing of Domestic Rate Loans shall be in an amount not less than
$2,000,000, or such greater amount which is an integral multiple of $100,000,
and each Borrowing of Eurodollar Loans shall be in an amount not less than
$5,000,000, or such greater amount which is an integral multiple of $100,000.

          Section 1.6.
Maturity of Loans.
Each Eurodollar Loan and Swing Loan shall mature and become due and payable on
the last day of the Interest Period applicable thereto, provided that, subject to
the terms and conditions of this Agreement, a Eurodollar Loan may be refunded
through a Refunding Borrowing. Each Domestic Rate Loan shall mature and become
due and payable on the Termination Date.

          Section 1.7.
Appointment of Company as Agent for Borrowers; Reliance by Agent.

          (a) Appointment. Each Borrower
irrevocably appoints the Company as its agent hereunder to make requests on
such Borrower’s behalf under Section 1 hereof for Borrowings to be made by
such Borrower and for Letters of Credit to be issued for such Borrower’s
account 

-8-

and to take any other action contemplated by the Loan Documents with
respect to credit extended hereunder to such Borrower. The Agent and the
Lenders shall be entitled to conclusively presume that any action by the
Company under the Loan Documents is taken on behalf of any one or more of the
Borrowers whether or not the Company so indicates.

          (b) Reliance. All requests for
Borrowings and selection of interest rates, currencies and Interest Periods to
be applicable thereto may be written or oral, including by telephone or
telecopy. The Borrowers agree that the Agent may rely on any such notice given
by any person the Agent in good faith believes is an Authorized Representative
without the necessity of independent investigation (the Borrowers hereby
indemnifying the Agent and Lenders from any liability or loss ensuing from such
reliance), and in the event any such telephonic or other oral notice conflicts
with any written confirmation, such oral or telephonic notice shall govern if
the Agent has acted in reliance thereon.

          Section 1.8.
Swing Loans. (a) Generally.
Subject to the terms and conditions hereof, as part of the U.S. Revolving
Credit, the Swing Line Lender may, in its discretion, make loans in U.S.
Dollars to the Company under the Swing Line (individually a “Swing Loan”
and collectively the “Swing Loans”) which shall not in the
aggregate at any time outstanding exceed the Swing Line Sublimit. The Swing
Loans may be availed of the Company from time to time and Borrowings thereunder
may be repaid and used again during the period ending on the Termination Date; provided
that each Swing Loan must be repaid on the last day of the Interest Period
applicable thereto. Each Swing Loan shall be in a minimum amount of $250,000 or
such greater amount which is an integral multiple of $100,000.

          (b)
Intentionally Omitted.

          (c) Interest on
Swing Loans. Each Swing Loan shall bear interest until maturity
(whether by acceleration or otherwise) at a rate per annum equal to
(i) the sum of the Domestic Rate plus the Applicable Margin for Domestic
Rate Loans under the Revolving Credit as from time to time in effect (computed
on the basis of a year of 365 or 366 days, as the case may be, for the actual
number of days elapsed) or (ii) the Quoted Rate (as hereinafter defined)
(computed on the basis of a year of 360 days for the actual number of days
elapsed). Interest on each Swing Loan shall be due and payable prior to such
maturity on the last day of each Interest Period applicable thereto.

          (d) Requests
for Swing Loans. The Company shall give the Agent prior notice
(which may be written or oral) no later than 12:00 Noon (Chicago time) on
the date upon which the Company requests that any Swing Loan be made of the
amount and date of such Swing Loan, and the Interest Period requested therefor.
The Agent shall promptly advise the Swing Line Lender of any such notice
received from the Company. Within 30 minutes after receiving such notice,
the Swing Line Lender shall in its discretion quote an interest rate to the
Company at which the Swing Line Lender would be willing to make such Swing Loan
available to the Company for the Interest Period so requested (the rate so
quoted for a given Interest Period being herein referred to as “Quoted
Rate”). The Company acknowledges and agrees that the interest rate
quote is given for immediate and irrevocable acceptance. If the Company does
not so immediately accept the Quoted Rate for the full amount requested by the
Company for such 

-9-

Swing Loan, the Quoted Rate shall be deemed immediately withdrawn and
such Swing Loan shall bear interest at the rate per annum determined by adding
the Applicable Margin for Domestic Rate Loans under the Revolving Credit to the
Domestic Rate as from time to time in effect. Subject to the terms and conditions
hereof, the proceeds of such Swing Loan shall be made available to the Company
on the date so requested at the offices of the Agent in Chicago, Illinois.

          (e) Refunding
Loans. In its sole and absolute discretion, the Swing Line Lender
may at any time, on behalf of the Company (which hereby irrevocably authorizes
the Swing Line Lender to act on its behalf for such purpose) and with notice to
the Agent and the Company, request each U.S. Lender to make a U.S. Revolving
Loan in the form of a Domestic Rate Loan in an amount equal to such U.S.
Lender’s Percentage of the amount of the Swing Loans outstanding on the date
such notice is given. Unless an Event of Default described in
Section 8.1(k) or 8.1(l) exists with respect to the Company, regardless of
the existence of any other Event of Default, each U.S. Lender shall make the
proceeds of its requested U.S. Revolving Loan available to the Agent (for the
account of the Swing Line Lender), in immediately available funds, at the
Agent’s principal office in Chicago, Illinois, before 12:00 Noon (Chicago time)
on the Business Day following the day such notice is given. The proceeds of
such Borrowing of U.S. Revolving Loans shall be immediately applied to repay
the outstanding Swing Loans.

          (f) Participations.
If any Lender refuses or otherwise fails to make a U.S. Revolving Loan when
requested by the Swing Line Lender pursuant to Section 1.8(e) above (due
to the existence of an Event of Default described in Section 8.1(k) or
8.1(l)), such U.S. Lender will, by the time and in the manner such U.S.
Revolving Loan was to have been funded to the Swing Line Lender, purchase from
the Swing Line Lender an undivided participating interest in the outstanding
Swing Loans in an amount equal to its U.S. Revolver Percentage of the aggregate
principal amount of Swing Loans that were to have been repaid with such U.S.
Revolving Loans. Each U.S. Lender that so purchases a participation in a Swing
Loan shall thereafter be entitled to receive its U.S. Revolver Percentage of
each payment of principal received on the Swing Loan and of interest received
thereon accruing from the date such U.S. Lender funded to the Swing Line Lender
its participation in such U.S. Revolving Loan. The several obligations of the
U.S. Lenders under this Section shall be absolute, irrevocable, and
unconditional under any and all circumstances whatsoever and shall not be
subject to any set-off, counterclaim or defense to payment which any Lender may
have or have had against the Company, any other Borrower, any Guarantor, any
other Lender or any other Person whatever. Without limiting the generality of
the foregoing, such obligations shall not be affected by any Default or Event
of Default or by any reduction or termination of the U.S. Dollar Commitments of
any U.S. Lender, and each payment made by a U.S. Lender under this Section
shall be made without any offset, abatement, withholding or reduction
whatsoever.

          Section 1.9.
Default Rate. Notwithstanding anything to the contrary
contained herein, while any Event of Default exists or after acceleration, the
relevant Borrower shall pay interest (after as well as before entry of judgment
thereon to the extent permitted by law) on the principal amount of all Loans
owing by it at a rate per annum equal to:

                    (a)
for any Domestic Rate Loan or any Swing Loan bearing interest based on 

-10-

	
 

	
 

	
 

	
the Domestic
Rate, the sum of 2.0% plus the Applicable Margin plus the Domestic Rate from
time to time in effect;

	
 

	
 

	
 

	
          (b) for
any Eurodollar Loan denominated in U.S. Dollars or any Swing Loan
bearing interest at the Quoted Rate, the sum of 2.0% plus the rate of
interest in effect thereon at the time of such Event of Default until the end
of the Interest Period applicable thereto and, thereafter, at a rate per
annum equal to the sum of 2.0% plus the Applicable Margin for Domestic Rate
Loans plus the Domestic Rate from time to time in effect; and

	
 

	
 

	
 

	
          (c) for
any Eurodollar Loan denominated in an Alternative Currency, the sum of 2.0%
plus the rate of interest in effect thereon at the time of such Event of
Default until the end of the Interest Period applicable thereto and,
thereafter at a rate per annum equal to the sum of the Applicable Margin,
plus a rate of two percent (2.0%) plus the rate of interest per annum as
determined by the Agent (rounded upwards, if necessary, to the nearest whole
multiple of one-sixteenth of one percent (1/16%)) at which overnight or
weekend deposits of the appropriate currency (or, if such amount due remains
unpaid more than three Business Days, then for such other period of time not
longer than six months as the Agent may elect in its absolute discretion) for
delivery in immediately available and freely transferable funds would be
offered by the Agent to major banks in the interbank market upon request of
such major banks for the applicable period as determined above and in an
amount comparable to the unpaid principal amount of any such Loan (or, if the
Agent is not placing deposits in such currency in the interbank market, then
the Agent’s cost of funds in such currency for such period).

provided, however, that in the absence of
acceleration, any adjustments pursuant to this Section shall be made at the
election of the Agent, acting at the request or with the consent of the
Required Lenders, with written notice to the Borrowers. While any Event of
Default exists or after acceleration, interest shall be paid on demand of the
Agent at the request or with the consent of the Required Lenders.

          
Section 1.10. Increase in Commitment. Provided
no Default or Event of Default has occurred and is continuing, the Company may,
on any Business Day on or prior to the Termination Date, from time to time,
increase the aggregate amount of the U.S. Dollar Commitments and/or the
Multicurrency Commitments by delivering a Commitment Amount Increase Request in
the form of Exhibit E hereto at least five (5) Business Days prior to
the desired effective date of such increase (the “Commitment Amount Increase”)
identifying an additional Lender acceptable to the Agent and each Applicable
Issuer in its reasonable discretion or additional U.S. Dollar Commitment and/or
Multicurrency Commitment agreed to be made by any existing Lender (each such
additional Lender or existing Lender (in its capacity as such) being referred
to as an “Additional
Lender”) and the amount of its U.S. Dollar Commitment and/or
Multicurrency Commitment (or additional amount of its U.S. Dollar Commitment
and/or Multicurrency Commitment). The aggregate amount of all such Commitment
Amount Increases shall not exceed $150,000,000. The effective date of the
Commitment Amount Increase shall be agreed upon by the Company, such Additional
Lender and the Agent (whose agreement shall not be unreasonably withheld,
conditioned or delayed). Upon the effectiveness thereof, each Additional Lender
shall advance the relevant Revolving Loans and purchase Participating 

-11-

Interests in all then outstanding Letters of Credit in an amount
sufficient such that after giving effect to such relevant Revolving Loans and
purchases each Lender (including such Additional Lender) shall have outstanding
its respective Percentage of the aggregate Revolving Loans and Participating
Interests then outstanding. It shall be a condition to such effectiveness that
no Eurodollar Loans be outstanding on the date of such effectiveness unless the
Borrowers pay all amounts due under Section 2.5 hereof, and that the
Company shall not have terminated any portion of the Total Commitments pursuant
to Section 3.5(a) hereof. The Company agrees to pay any reasonable fees or
expenses of the Agent (including reasonable fees and disbursements of counsel)
relating to any Commitment Amount Increase. Notwithstanding anything herein to
the contrary, no Lender shall have any obligation to increase its Total
Commitment and no Lender’s Total Commitment shall be increased without its
consent thereto, and each Lender may at its option, unconditionally and without
cause, decline to increase its Total Commitment.

          Section 1.11.
Removal of a Borrower. The Company may
remove any Restricted Subsidiary as a Borrower (a “Removed Borrower”)
hereunder so long as (i) the Company has provided the Agent prior written
notice at least five (5) Business Days prior to the effective date of such
removal, (ii) all Reimbursement Obligations of, all Revolving Loans made to,
the Removed Borrower and all accrued interest owing thereon are paid in full on
or prior to the effective date of such removal, (iii) no Letters of Credit
issued on the account of such Removed Borrower are outstanding unless the Agent
has received cash collateral in an amount equal to 105% of the face principal
amount of such Letters of Credit or such Removed Borrower has entered into
other arrangements with the Agent and the Applicable Issuer satisfactory to the
Agent and such Applicable Issuer with respect to such Letters of Credit, (iv)
no Default or Event of Default has occurred and is continuing or would result
from the removal of such Removed Borrower, and (v) the removal of such Removed
Borrower does not have a material adverse effect on such Removed Borrower’s
ability to continue to provide its Guaranty and pledge Collateral as required
hereunder or under any of the other Loan Documents. Upon satisfaction of the
foregoing, the Lenders and the Issuers shall not be obligated to make Loans to,
or issue Letters of Credit on account of, such Removed Borrower. The Company
cannot designate a Restricted Subsidiary as a Borrower hereunder if such
Borrower has been a Removed Borrower. 

	
 

	
 

	
Section 2.

	
Interest.

          Section 2.1.
Domestic Rate Loans. Each Domestic Rate
Loan shall bear interest (which the relevant Borrower promises to pay in
arrears at the times herein provided) at the rate per annum determined by
adding the Applicable Margin to the Domestic Rate as in effect from time to
time, provided that if a Domestic Rate Loan is not paid when due (whether by
lapse of time, acceleration or otherwise), such Revolving Loan shall bear
interest (which the relevant Borrower promises to pay at the times hereinafter
provided), whether before or after judgment, and until payment in full thereof,
at the rate per annum specified in Section 1.9 hereof. Interest on the
Domestic Rate Loans shall be payable in arrears on the last day of each March,
June, September and December of each year (beginning on the first of such dates
after the date hereof) and at maturity of the Revolving Loans and interest
after maturity shall be due and payable upon demand.

          Section 2.2.
Eurodollar Loans. Each Eurodollar
Loan shall bear interest (which the 

-12-

relevant Borrower promises to pay in arrears at the times herein
provided) on the unpaid principal amount thereof from time to time outstanding
from the date of the Borrowing of such Eurodollar Loan until maturity (whether
by acceleration or otherwise) at a rate per annum equal to the sum of the
Applicable Margin plus Adjusted LIBOR, payable on the last day of the
applicable Interest Period and at maturity (whether by acceleration or
otherwise), and, if the applicable Interest Period is longer than three months,
on the date occurring three months after the date of the Borrowing of such
Loan; provided
that if a Eurodollar Loan is not paid when due (whether by acceleration or
otherwise), such Loan shall bear interest (which the relevant Borrower promises
to pay at the times herein provided) from the date such payment was due until
paid in full, payable on demand, at the rate per annum specified in
Section 1.9 hereof.

          Section 2.3.
Rate Determinations. The Agent shall
determine each interest rate applicable to the Loans hereunder in accordance
herewith, and its determination thereof shall be deemed prima facie correct.

          Section 2.4.
Computation of Interest.
All interest on Domestic Rate Loans shall be computed on the basis of a year of
365 or 366 days, as the case may be, for the actual number of days
elapsed. All interest on Eurodollar Loans and Swing Loans bearing interest at
the Quoted Rate (and unless otherwise stated herein, all fees, charges and
commissions due hereunder) shall be computed on the basis of a year of
360 days for the actual number of days elapsed, except for Eurodollar
Loans denominated in Pounds Sterling which shall be computed on the basis of a
year of 365 or 366 days, as the case may be.

          Section 2.5.
Funding Indemnity.
If any Lender shall incur any loss, cost or expense (including, without
limitation, any loss of profit, and any loss, cost or expense incurred by
reason of the liquidation or re-employment of deposits or other funds acquired
by such Lender to fund or maintain any Eurodollar Loan or Swing Loan or the
relending or reinvesting of such deposits or amounts paid or prepaid to such
Lender) as a result of:

	
 

	
 

	
 

	
          (i) any
payment or prepayment of a Eurodollar Loan or Swing Loan on a date other than
the last day of its Interest Period for any reason,

	
 

	
 

	
 

	
          (ii) any
failure (because of a failure to meet the conditions of Borrowing or
otherwise) by a Borrower to borrow or refund a Eurodollar Loan or Swing Loan
on the date specified in a notice given pursuant to this Agreement,

	
 

	
 

	
 

	
          (iii) any
failure by a Borrower to make any payment of principal on any Eurodollar Loan
or Swing Loan when due (whether by acceleration or otherwise), or

	
 

	
 

	
 

	
          (iv) any
acceleration of the maturity of a Eurodollar Loan or Swing Loan as a result
of the occurrence of any Event of Default hereunder,

then, upon the demand of such Lender, the applicable Borrower shall pay
to such Lender such amount as will reimburse such Lender for such loss, cost or
expense. If any Lender makes such a claim for compensation, it shall provide to
the Company, with a copy to the Agent, a certificate executed by an officer of
such Lender setting forth the amount of such loss, cost or expense in 

-13-

reasonable detail (including an explanation of the basis for and the
computation of such loss, cost or expense) and the amounts shown on such
certificate shall be deemed prima facie correct.

          Section 2.6.
Change of Law. Notwithstanding any other provisions of
this Agreement or any other Loan Document, if any Change in Law makes it
unlawful for any Lender to make or continue to maintain Loans in an Alternative
Currency or Eurodollar Loans or to perform its obligations with respect to such
Loans, such Lender shall promptly give notice thereof to the Borrower and such
Lender’s obligations to make or maintain Eurodollar Loans or Loans in an
Alternative Currency (as applicable) under this Agreement shall be suspended
until it is no longer unlawful for such Lender to make or maintain such Loans.
The applicable Borrower shall prepay on demand the outstanding principal amount
of any such affected Loans, together with all interest accrued thereon and all
other amounts then due and payable to such Lender under this Agreement; provided,
however, subject to all of the terms and conditions of this
Agreement, the applicable Borrower may then elect to borrow the principal
amount of the affected Loans from such Lender by means of Domestic Rate Loans
from such Lender, which Domestic Rate Loans shall not be made ratably by the
Lenders but only from such affected Lender.

          Section 2.7.
Unavailability. If prior to the
commencement of any Interest Period for any Borrowing of Eurodollar Loans:

	
 

	
 

	
 

	
          (a) the
Agent determines that deposits in the applicable currency (in the applicable amounts)
are not being offered to it in the eurocurrency interbank market for such
Interest Period, or that by reason of circumstances affecting the interbank
eurocurrency market adequate and reasonable means do not exist for
ascertaining the applicable LIBOR, or

	
 

	
 

	
 

	
          (b) the
Required Lenders notify the Agent that (i) LIBOR as determined by the
Agent will not adequately and fairly reflect the cost to such Lenders of
funding their Loans in the currency in question for such Interest Period or
(ii) that the making or funding of Loans in the relevant currency has
become impracticable, in either case as a result of an event occurring after
the date hereof which in the opinion of such Lenders materially adversely
affects such Loans,

then and in any such event the Agent shall not less than two days prior
to the commencement of such Interest Period, give notice thereof to the Company
and the Lenders, whereupon until the Agent notifies the Company that the
circumstances giving rise to such suspension no longer exist, the obligations
of the Lenders to make Loans in the currency so affected or to make Eurodollar
Loans (as applicable) shall be suspended.

          Section 2.8.
Increased Cost and Reduced Return. (a) If any
Change in Law:

	
 

	
 

	
 

	
          (i) shall
subject any Lender (or its applicable lending office) or the Issuer to any
tax, duty or other charge with respect to its Eurodollar Loans, its Notes,
its Letter(s) of Credit, or its participation in any thereof, any
Reimbursement Obligations owed to it or its obligation to make Eurodollar
Loans, issue a Letter of Credit, or to participate therein, or shall change
the basis of taxation of payments to any Lender (or its applicable lending 

-14-

	
 

	
 

	
 

	
office) or the Issuer of the principal of or interest on its
Eurodollar Loans, Letter(s) of Credit, or participations therein or any other
amounts due under this Agreement or any other Loan Document in respect of its
Eurodollar Loans, Letter(s) of Credit, any participation therein, any
Reimbursement Obligations owed to it, or its obligation to make Eurodollar
Loans, or issue a Letter of Credit, or acquire participations therein (except
for changes in the rate of tax on the overall net income of such Lender or
its lending office or the Issuer imposed by the jurisdiction in which such
Lender’s or the Issuer’s principal executive office or applicable lending
office is located); or

	
 

	
 

	
 

	
          (ii)
shall impose, modify or deem applicable any reserve, special deposit or
similar requirement (including, without limitation, any such requirement
imposed by the Board of Governors of the Federal Reserve System, but
excluding with respect to any Eurodollar Loans any such requirement included
in an applicable Eurocurrency Reserve Percentage) against assets of, deposits
with or for the account of, or credit extended by, any Lender (or its
applicable lending office) or the Issuer or shall impose on any Lender (or
its lending office) or the Issuer or on the interbank market any other
condition affecting its Eurodollar Loans, its Notes, its Letter(s) of Credit,
or its participation in any thereof, any Reimbursement Obligation owed to it,
or its obligation to make Eurodollar Loans, or to issue a Letter of Credit,
or to participate therein;

and the result of any of the foregoing is to increase the cost to such
Lender (or its lending office) or the Issuer of making or maintaining any
Eurodollar Loan in the currency requested or, issuing or maintaining a Letter
of Credit, or participating therein, or to reduce the amount of any sum received
or receivable by such Lender (or its applicable lending office) or the Issuer
under this Agreement or under any other Loan Document with respect thereto, by
an amount deemed by such Lender or Issuer, in its reasonable judgment, to be
material, then, within fifteen (15) days after demand by such Lender or
Issuer (with a copy to the Agent), the Company shall be obligated to pay to
such Lender or Issuer such additional amount or amounts as will compensate such
Lender or Issuer for such increased cost or reduction.

          Each Lender
that determines to seek compensation under this Section 2.8 shall notify
the Company and the Agent of the circumstances that entitle the Lender to such
compensation pursuant to this Section 2.8 and will designate a different
lending office if such designation will avoid the need for, or reduce the
amount of, such compensation and will not, in the reasonable judgment of such
Lender, be otherwise disadvantageous to such Lender. A certificate of any
Lender claiming compensation under this Section 2.8 and setting forth the
additional amount or amounts to be paid to it hereunder shall be deemed prima facie
correct. In determining such amount, such Lender may use any reasonable
averaging and attribution methods.

          Section 2.9.
Lending Offices.
Each Lender may, at its option, elect to make its Loans hereunder at the
branch, office or affiliate specified on the appropriate signature page hereof
(each a “Lending
Office”) for each type of Revolving Loan available hereunder or at
such other of its branches, offices or affiliates as it may from time to time
elect and designate in a notice to the Company and the Agent (but such funds
shall in any event be made available to the Company at the office of the Agent
as herein provided for), provided that the Company shall not be
required to reimburse any Lender under any of the provisions of this
Section 2 for any cost 

-15-

which such Lender would not have incurred but for changing its lending
or funding branch unless the Company consented in writing to such change. 

          Section 2.10.
Discretion of Lender as to Manner of Funding. Notwithstanding
any other provision of this Agreement, each Lender shall be entitled to fund
and maintain its funding of all or any part of its Loans in any manner it sees
fit, it being understood, however, that for the purposes of this Agreement all
determinations under this Agreement shall be made as if each Lender had
actually funded and maintained each Eurodollar Loan through the purchase of
deposits in the relevant market and in the relevant currency having a maturity
corresponding to such Eurodollar Loan’s Interest Period and bearing an interest
rate equal to Adjusted LIBOR for the currency in question for such Interest
Period.

          Section 2.11.
Capital Adequacy. If any Change in Law regarding
capital requirements has had the effect of reducing the rate of return on the
capital of a Lender or Issuer (or any corporation controlling such Lender or
Issuer) as a consequence of its obligations hereunder to a level below that
which such Lender or Issuer or such corporation could have achieved but for
such Change in Law (taking into consideration such Lender’s, Issuer’s or
corporation’s policies with respect to capital adequacy) by an amount
reasonably deemed by such Lender or Issuer to be material, then from time to
time, within 15 days after demand by such Lender or Issuer (with a copy to
the Agent), the Company shall pay to such Lender or Issuer, as applicable, such
additional amount or amounts as will compensate such Lender, Issuer or
corporation for such reduction. A certificate of a Lender or Issuer claiming
compensation under this Section 2.11 and setting forth the additional
amount or amounts to be paid to it hereunder in reasonable detail shall be prima facie
evidence thereof. In determining such amount, such Lender or Issuer may use any
reasonable averaging and attribution methods.

          Section 2.12.
Substitution of Lenders. In the event (a) any
Borrower receives a claim from any Lender for compensation under
Section 2.8 or 11.1 hereof, (b) any Borrower receives notice from any
Lender of any illegality pursuant to Section 2.6 hereof, (c) any
Lender is then a Defaulting Lender or such Lender is a Subsidiary or Affiliate
of a Person who has been deemed insolvent or becomes the subject of a
bankruptcy or insolvency proceeding or a receiver or conservator has been
appointed for any such Person, or (d) a Lender fails to consent to an
amendment or waiver requested under Section 11.4 hereof (other than with
respect to designation of other currencies as an Alternative Currency) at a
time when the Required Lenders have approved such amendment or waiver (any such
Lender referred to in clause (a), (b), (c), or (d) above being hereinafter
referred to as an “Affected Lender”), the Borrowers may, in addition to any
other rights the Borrowers may have hereunder or under applicable law, require,
at its expense, any such Affected Lender to assign, at par, without recourse,
all of its interest, rights, and obligations hereunder (including all of its
Total Commitments and the Loans and participation interests in Letters of
Credit and other amounts at any time owing to it hereunder and the other Loan
Documents) to an Eligible Assignee specified by the Company, provided
that (i) such assignment shall not conflict with or violate any law, rule
or regulation or order of any court or other governmental authority,
(ii) the Borrowers shall have paid to the Affected Lender all monies
(together with amounts due such Affected Lender under Section 2.5 hereof
as if the Loans owing to it were prepaid rather than assigned) other than such
principal owing to it hereunder, and (iii) the assignment is entered into
in accordance with, and subject to the consents 

-16-

required by, Section 11.17 hereof (provided any assignment fees
and reimbursable expenses due thereunder shall be paid by the Borrowers).

          Section 2.13.
Defaulting Lenders. Anything contained herein to the
contrary notwithstanding, in the event that any Lender at any time is a
Defaulting Lender, then (a) during any Defaulting Lender Period with
respect to such Defaulting Lender, such Defaulting Lender shall be deemed not
to be a “Lender”
for purposes of voting on any matters (including the granting of any consents
or waivers) with respect to any of the Loan Documents and such Defaulting
Lender’s Total Commitments shall be excluded for purposes of determining “Required
Lenders” (provided that the foregoing shall not permit an increase
in such Lender’s Total Commitments or an extension of the maturity date of such
Lender’s Loans or other Obligations without such Lender’s consent); (b) to
the extent permitted by applicable law, until such time as the Defaulting
Lender Excess with respect to such Defaulting Lender shall have been reduced to
zero, any voluntary prepayment of the Loans shall, if the Agent so directs at
the time of making such voluntary prepayment, be applied to the Loans of other
Lenders as if such Defaulting Lender had no Loans outstanding; (c) such
Defaulting Lender’s Total Commitments and outstanding Loans shall be excluded
for purposes of calculating any commitment fee payable to Lenders pursuant to
Section 3.1 in respect of any day during any Defaulting Lender Period with
respect to such Defaulting Lender, and such Defaulting Lender shall not be
entitled to receive any fee pursuant to Section 3.1 with respect to such
Defaulting Lender’s Total Commitment in respect of any Defaulting Lender Period
with respect to such Defaulting Lender (and any Letter of Credit fee otherwise
payable to a Lender who is a Defaulting Lender shall instead be paid to the
Applicable Issuer for its use and benefit); (d) the utilization of the
Total Commitments as at any date of determination shall be calculated as if
such Defaulting Lender had funded all Loans of such Defaulting Lender; and
(e) if so requested by the Applicable Issuer at any time during the Defaulting
Lender Period with respect to such Defaulting Lender, the Borrowers shall
deliver to the Agent cash collateral in an amount equal to such Defaulting
Lender’s Percentage of L/C Obligations then outstanding (to be, held by
the Agent as set forth in Section 8.4 hereof). No Total Commitment of any
Lender shall be increased or otherwise affected, and, except as otherwise
expressly provided in this Section 2.13, performance by the Borrowers of
their obligations hereunder and the other Loan Documents shall not be excused
or otherwise modified as a result of the operation of this Section 2.13.
The rights and remedies against a Defaulting Lender under this
Section 2.13 are in addition to other rights and remedies which the
Borrowers may have against such Defaulting Lender and which the Agent or any
Lender may have against such Defaulting Lender.

	
 

	
 

	
Section 3.

	
Fees,
Payments, Reductions, Applications and Notations.

          Section 3.1.
Commitment Fee.
For the period from the Closing Date to and including the Termination Date, the
Borrowers shall pay to the Agent for the account of the Lenders a
non-refundable commitment fee at the rate per annum equal to the Applicable
Margin (computed on the basis of a year of 360 days and actual days
elapsed) on the average daily Unused Commitments. Such fee is due and payable
in arrears on the last day of each calendar quarter (commencing with the first
of such dates after the date hereof) and on the Termination Date.

-17-

          Section 3.2.
Other Fees.
The Company shall pay to the Agent such other and additional fees as may from
time to time be agreed to between the Company and the Agent.

          Section 3.3.
Letter of Credit Fees.
The applicable Borrowers shall pay to the Agent, for the ratable account of the
relevant Lenders, a fee on the amount of the L/C Obligations from time to
time outstanding computed at the Applicable Margin (computed on the basis of a
year of 360 days and actual days elapsed), each such fee to be due and
payable quarterly in arrears on the last day of each calendar quarter and on
the Termination Date. In addition, on the date of issuance of each Letter of
Credit the applicable Borrower shall pay the Applicable Issuer for its own
account an issuance fee of 1/8 of 1%of the face amount of such Letter of
Credit, such fee to be retained by the Applicable Issuer for its own account.
In addition, the applicable Borrower shall pay to the Applicable Issuer such
issuing, processing, drawing, amendment and other fees and charges as the
Applicable Issuer customarily imposes in connection with the issuance of
letters of credit of the type in question, the payment of drafts thereunder or amendments
thereto.

          Section 3.4.
Voluntary Prepayments. The Borrowers
shall have the privilege of prepaying without premium or penalty (except as set
forth in Section 2.5 above) and in whole or in part (but, if in part,
then: (i) in an amount not less than $2,000,000, or such lesser amount as may
then be outstanding, and (ii) in each case, in an amount such that the
minimum amount required for a Borrowing pursuant to Section 1.5 hereof
remains outstanding) any Borrowing of Eurodollar Loans at any time upon
three (3) Business Days prior notice by the Borrower to the Agent or, in
the case of a Borrowing of Domestic Rate Loans or Swing Loans, notice delivered
by the Borrower to the Agent no later than 10:00 a.m. (Chicago time) on
the date of prepayment, such prepayment to be made by the payment of the
principal amount to be prepaid and, in the case of any Eurodollar Loans or
Swing Loans, accrued interest thereon to the date fixed for prepayment plus any
amounts due the Lenders under Section 2.5 hereof.

          Section 3.5.
Mandatory Prepayments and Commitment Reductions. (a)
Commitments.
In the event that (i) the aggregate amount of Revolving Loans, Swing
Loans and L/C Obligations shall at any time and for any reason exceed the
Total Commitments; (ii) the aggregate amount of U.S. Revolving Loans, Swing
Loans and L/C Obligations shall at any time exceed an amount equal to (A) the
U.S. Dollar Commitments minus (B) the U.S. Dollar Equivalent
of the aggregate principal amount of Multicurrency Revolving Loans;
(iii) the U.S. Dollar Equivalent of the aggregate amount of Multicurrency
Revolving Loans shall exceed an amount equal to (A) the Multicurrency
Commitments minus
(B) the aggregate principal amount of U.S. Revolving Loans, Swing Loans and L/C
Obligations outstanding at such time; or (iv) the aggregate amount of Revolving
Loans, Swing Loans and L/C Obligations owing from any Borrower shall exceed
any applicable Sublimit, in each case for any reason (including changes in
currency rates), the Borrowers shall immediately and without notice or demand
pay the amount of the excess to the Agent as and for a mandatory prepayment on
the relevant Revolving Loans or, if the Revolving Loans have been paid in full
but L/C Obligations are outstanding, then and in any such event, such
excess shall be paid over to the Agent to be applied against, or held as
collateral security for, as applicable, such L/C Obligations.

          (b) Asset
Dispositions. (i) If any Borrower or any Restricted Subsidiary
shall at any time or from time to time make or agree to make a Disposition
(other than Dispositions of

-18-

inventory in the ordinary course of business) or shall suffer an Event
of Loss after the date hereof resulting in Net Cash Proceeds in excess of
$50,000,000 individually or on a cumulative basis in any fiscal year of the
Borrowers, to the extent the aggregate amount of all such Net Cash Proceeds
received by the Borrowers and the Restricted Subsidiaries during the period
from and including the date hereof to and including the date of such
Disposition or Event of Loss exceed 10% of the book value of assets of the
Borrowers and the Restricted Subsidiaries as of such date, then (x) the
Company shall promptly notify the Agent of such proposed Disposition or Event
of Loss (including the amount of the estimated Net Cash Proceeds to be received
by such Borrower or such Subsidiary in respect thereof) and (y) such Net
Cash Proceeds shall be paid over to the Agent promptly upon receipt by such
Borrower or such Restricted Subsidiary of the Net Cash Proceeds of such
Disposition or Event of Loss for application as set forth herein. Immediately
upon receipt by the applicable Borrower or such Restricted Subsidiary of such
Net Cash Proceeds, the Total Commitments shall ratably terminate in an
aggregate amount equal to 100% of the amount of all such Net Cash Proceeds and
the Agent shall apply such Net Cash Proceeds to the payment of all amounts, if
any, required by Section 3.5(c) hereof; provided that in the case of
each Disposition and Event of Loss so long as no Default or Event of Default
shall have occurred and is then continuing, if the Company states in its notice
of such event that the applicable Borrower or the applicable Subsidiary intends
to reinvest, within 180 days of the applicable Disposition or receipt of
Net Cash Proceeds from an Event of Loss, the Net Cash Proceeds thereof in
assets similar to the assets which were subject to such Disposition or Event of
Loss, then the Agent shall deposit such Net Cash Proceeds in the Collateral
Account and the Total Commitments shall not so terminate under this Section to
the extent such Net Cash Proceeds are actually reinvested in such similar
assets within such 180-day period. Concurrently with any such reinvestment, the
Agent shall return the amount of such Net Cash Proceeds to be reinvested to the
Company. Promptly after the end of such 180-day period, in the event that the
applicable Borrower or Restricted Subsidiary has not reinvested any of such Net
Cash Proceeds in such similar assets, the Total Commitments shall immediately
and ratably terminate in an amount equal to 100% of the Net Cash Proceeds not
reinvested and the Agent shall promptly apply such Net Cash Proceeds not
reinvested to the payment of all amounts, if any, required by
Section 3.5(c) below and release the balance thereof to the Company. In
the event and to the extent that any Total Commitment reduction pursuant to
this Section 3.5(b) does not require a prepayment of Loans or prefunding
of L/C Obligations pursuant to Section 3.5(c) below, the Agent shall
promptly return the Net Cash Proceeds not required for such purpose to the
Company. 

          (c) Application
of Prepayments. The U.S. Borrowers shall, on each date the U.S.
Dollar Commitments are reduced pursuant to Section 3.5(b) or 3.6 hereof,
prepay the U.S. Revolving Loans, Swing Loans, and, if necessary, prefund the
L/C Obligations by the amount necessary to reduce the sum of the aggregate
principal amount of U.S. Revolving Loans, Swing Loans, and L/C Obligations
then outstanding to the amount to which the U.S. Dollar Commitments have been
so reduced. The Borrowers shall, on each date the Multicurrency Commitments are
reduced pursuant to Section 3.5(b) or 3.6 hereof, prepay the Multicurrency
Revolving Loans necessary to reduce the sum of the aggregate principal amount
of Multicurrency Revolving Loans then outstanding to the amount to which the
Multicurrency Commitments have been so reduced. 

-19-

          Section 3.6.
Voluntary Terminations. (a) The Borrowers shall have
the privilege without any penalty or fee upon five Business Days’ prior notice
from the Company (or such shorter period of time agreed to by the
Administrative Agent) to the Agent (which shall promptly notify the Lenders) to
ratably terminate the Total Commitments, in whole or in part (but if in part
then in the amount of $5,000,000 or such greater amount which is an integral
multiple of $100,000, unless the Total Commitments shall be less than
$5,000,000; provided
that (i) the U.S. Dollar Commitments may not be reduced to an amount less than
the sum of all U.S. Revolving Loans, Swing Loans, and all L/C Obligations
then outstanding, and (ii) the Multicurrency Commitments may not be reduced to
an amount less than the sum of all Multicurrency Revolving Loans then
outstanding, unless in each case there is deposited with the Agent cash collateral
for such Revolving Loans, Swing Loans, and L/C Obligations in the amount
by which the same exceed the amount of the applicable Total Commitments. Any
termination of the U.S. Dollar Commitments or the Multicurrency Commitment
below any Sublimit then in effect shall reduce such Sublimit, as applicable, by
a like amount. 

          (b) If a
portion of the Total Commitments are terminated in accordance with Section
3.5(b) or this Section 3.6, the U.S. Dollar Commitment and the Multicurrency
Commitment shall also terminate by an amount determined by multiplying the
amount of the termination of the Total Commitments by the percentage of the
U.S. Dollar Commitment or Multicurrency Commitment, as applicable, to the Total
Commitments in effect immediately prior to such termination. The Agent shall
give prompt notice to each Lender of any such termination of any Total
Commitment. Any termination of the Total Commitments, U.S. Dollar Commitments
or the Multicurrency Commitments shall be allocated ratably among the Lenders
in proportion to their respective Percentages, U.S. Dollar Revolving Percentage
and Multicurrency Revolver Percentage, as the case may be.

          Section 3.7.
Place and Application.
All payments of principal, interest and fees shall be made to the Agent at its
office at 111 West Monroe Street, Chicago, Illinois (or at such other
place as the Agent may specify) in immediately available and freely
transferable funds at the place of payment by no later than 12:00 Noon
Central Time on the due date thereof or, if such payment is to be made in an
Alternative Currency, by no later than 12:00 Noon local time at the place
of payment to such office as the Agent has previously specified; provided
however that reimbursements of drawings under Letters of Credit
shall be made to the Applicable Issuer. Any payments received by the Agent or
such Applicable Issuer after such time shall be deemed received as of the
opening of business on the next Business Day. All such payments shall be made
(i) in U.S. Dollars, in immediately available funds at the place of
payment, or (ii) in the case of Revolving Loans or reimbursement of
drawings under a Letter of Credit in an Alternative Currency, in such
Alternative Currency then customary for settlement of international
transactions in such currency. All such payments shall be made without set-off
or counterclaim and without reduction for, and free from, any and all present
or future taxes, levies, imposts, duties, fees, charges, deductions,
withholdings, restrictions or conditions of any nature imposed by any
government or political subdivision or taxing authority thereof. Except as
herein provided, all payments shall be received for the ratable account of the
Lenders and shall be distributed by the Agent to the Lenders in accordance with
their Percentages on the date the Agent receives payment, or if the Agent
receives payment later than 12:00 Noon Central Time, then no later than
the next Business Day. Any amount prepaid on the Revolving Loans may,

-20-

subject to all of the terms and conditions hereof, be borrowed, repaid
and borrowed again. Unless the applicable Borrower otherwise requests, each
prepayment shall be first applied to such Borrower’s Domestic Rate Loans and
then to its Eurodollar Loans in the order in which their Interest Periods
expire. Any prepayment of Eurodollar Loans shall be accompanied by any amount
due the Lenders under Section 2.5 hereof but acceptance of any such
prepayment without such a payment being made shall not preclude a later demand
by the Lenders for such payment.

          Anything
contained herein to the contrary notwithstanding, all payments and collections
received in respect of the Obligations and all proceeds of the Collateral, if
any, received, in each instance, by the Agent or any of the Lenders after
acceleration or the final maturity of the Obligations or termination of the
Total Commitments as a result of an Event of Default shall be remitted to the
Agent and distributed as follows:

	
  

 	
  

 
	
  

 	
           (a)
 first, to the payment of any outstanding costs and expenses incurred by the
 Agent in monitoring, verifying, protecting, preserving or enforcing the Liens
 on the Collateral, if any, or by the Agent in protecting, preserving or enforcing
 rights under the Loan Documents, and in any event all costs and expenses of a
 character which the Borrowers have agreed to pay under Section 11.5
 hereof (such funds to be retained by the Agent for its own account unless the
 Agent has previously been reimbursed for such costs and expenses by the
 Lenders, in which event such amounts shall be remitted to the Lenders to
 reimburse them for payments theretofore made to the Agent);

 
	
  

 	
  

 
	
  

 	
           (b)
 second, to the payment of principal and interest on the Swing Loans until paid
 in full;

 
	
  

 	
  

 
	
  

 	
           (c)
 third, to the payment of any outstanding interest or other fees or amounts
 due under the Revolving Loans and the other Loan Documents, in each case
 other than for principal or in reimbursement or collateralization of
 L/C Obligations, ratably as among the Agent and the Lenders in accord
 with the amount of such interest and other fees or amounts owing each;

 
	
  

 	
  

 
	
  

 	
           (d)
 fourth, to the payment of the principal of the Revolving Loans and any unpaid
 Reimbursement Obligations and to the Agent to be held as collateral security
 for any other L/C Obligations (until the Agent is holding an amount of
 cash equal to the then outstanding amount of all such L/C Obligations),
 for any principal amounts owing to the Lenders under Section 11.20 hereof,
 and Hedging Liability, the aggregate amount paid to or held as collateral security
 for the Lenders and, in the case of Hedging Liability, their Affiliates, to
 be allocated pro rata in accordance with the then aggregate unpaid amounts owing
 to each holder thereof;

 
	
  

 	
  

 
	
  

 	
           (e)
 fifth, to the Agent and the Lenders ratably in accordance with the amounts of
 any other indebtedness, obligations or liabilities of the Borrowers owing to
 each of them, which may be secured by the Collateral Documents, unless and
 until all such indebtedness, obligations and liabilities have been fully paid
 and satisfied; and

 

-21-

	
  

 	
  

 
	
  

 	
           (f)
 sixth, to the Company on behalf of the Borrowers (each Borrower hereby
 agreeing that its recourse for its share of such payment shall be to the
 Company and not the Agent or any Lender) or whoever else may be lawfully
 entitled thereto.

 

          Section 3.8.
Evidence of Indebtedness. (a) Each Lender shall
maintain in accordance with its usual practice an account or accounts
evidencing the indebtedness of the Borrowers to such Lender resulting from each
Loan made by such Lender from time to time, including the amounts of principal
and interest payable and paid to such Lender from time to time hereunder.

          (b) The
Agent shall also maintain accounts in which it will record (i) the amount
of each Loan made hereunder, the type thereof, the Interest Period with respect
thereto, and the currency in which such Loan is denominated, (ii) the
amount of any principal or interest due and payable or to become due and
payable from the Borrowers to each Lender hereunder and (iii) the amount
of any sum received by the Agent hereunder from the Borrowers and each Lender’s
share thereof.

          (c) The
entries maintained in the accounts maintained pursuant to paragraphs (a)
and (b) above shall be prima facie evidence of the existence and
amounts of the Obligations therein recorded; provided, however, that the
failure of the Agent or any Lender to maintain such accounts or any error
therein shall not in any manner affect the obligation of the Borrowers to repay
the Obligations in accordance with their terms.

          (d) Any
Lender may request that its Loans be evidenced by a promissory note or notes in
the forms of Exhibit A-1 (in the case of its Revolving Loans and referred
to herein as a “Revolving Credit Note”), or A-2 (in the case of its Swing
Loans and referred to herein as a “Swing Note”), as applicable (the
Revolving Credit Notes and Swing Note being hereinafter referred to
collectively as the “Notes” and individually as a “Note”).
In such event, the Borrowers shall prepare, execute and deliver to such Lender
a Note payable to such Lender or its registered assigns in the amount of the
Total Commitment or Swing Line Sublimit, as applicable. Thereafter, the Loans
evidenced by such Note or Notes and interest thereon shall at all times
(including after any assignment pursuant to Section 11.17) be represented
by one or more Notes payable to the order of the payee named therein or any
assignee pursuant to Section 11.17, except to the extent that any such
Lender or assignee subsequently returns any such Note for cancellation and
requests that such Loans once again be evidenced as described in
subsections (a) and (b) above.

	
  

 	
  

 
	
 Section 4.

 	
 The
 Collateral and the Guarantees.

 

          Section 4.1.
The Collateral.
Upon the Collateral Release Date, the Agent shall terminate and release all
Liens securing the Obligations and Hedging Liability. Prior to the Collateral
Release Date, the Obligations and Hedging Liability (i) of the
U.S. Borrowers shall be secured by valid and perfected first Liens on all
inventory, accounts receivable, equipment and other personal property (as
further described in the Collateral Documents) of the U.S. Borrowers and
the U.S. Subsidiaries which are Guarantors and, subject to the provisions
of this Section 4.1, all capital stock of all Guarantors, together with
all instruments, securities, chattel paper and intangibles of the U.S. Borrowers
and the U.S. Subsidiaries which are Guarantors and all

-22-

proceeds of the foregoing, and (ii) of the U.K. Borrowers
shall be secured by valid and perfected first Liens on all inventory, accounts
receivable, equipment and personal property (as further described in the
Collateral Documents) of the U.S. Borrowers, U.K. Borrowers, the
U.S. Subsidiaries which are Guarantors and the U.K. Subsidiaries
which are Guarantors, subject to the provisions of this Section 4.1, all
capital stock of all Guarantors, together with all instruments, securities,
chattel paper and intangibles of the U.S. Borrowers, the
U.K. Borrowers, the U.S. Subsidiaries which are Guarantors and the
U.K. Subsidiaries which are Guarantors and all proceeds of the foregoing; provided
however that unless and until the Required Lenders otherwise elect;
(i) the Borrowers and the Guarantors shall not be required to note the
Agent’s Lien on any certificate of title issued for a vehicle or to perfect a
Lien on fixtures and (ii) no Guarantor, the fair market value of whose
assets aggregate less than $1,000,000 shall be required to grant Liens on its
assets to the Agent, further provided that:

	
  

 	
  

 
	
  

 	
           (i) Liens
 on (a) any contract (or modification thereof) (a “Contract”) to which any
 Guarantor is a party (“Contractor”), the performance of which
 is guaranteed by any bond, undertaking, instrument of guarantee or any
 continuation, extension, alteration, renewal or substitution thereof,
 executed by any bonding company of a Contractor; (b) any subcontract or
 purchase order and against any legal entity and its bonding company which has
 contracted with a Contractor to furnish labor, materials, equipment, and
 supplies in connection with any Contract; (c) monies, Contract balances,
 due or to become due any Contractor on any Contract, including all monies
 earned or unearned which are unpaid at the time of notification by a bonding
 company to the obligee of the bonding company’s rights under any agreement of
 indemnity with a Contractor; (d) any actions, causes of action, claims
 or demands whatsoever which a Contractor may have or acquire against any
 party to a Contract or arising out of or in connection with any Contract,
 including but not limited to those against obligees and design professionals
 any bonding company or bonding companies of any obligee; (e) any and all
 rights, title, interest in, or use of any patent, copyright or trade secret
 which is or may be necessary for the completion of any bonded work;
 (f) all monies due or to become due to a Contractor on any policy of
 insurance relating to any claims arising out of the performance of any
 Contract or to premium refunds, including, but not limited to, builders risk,
 fire, employee dishonesty or workers’ compensation policies; (g) all
 supplies, tools, plants, material, inventory, and equipment (whether
 completely manufactured or not), wherever located, which have been or
 hereafter may be purchased, used, or acquired for use, entirely or partly, in
 connection with or to be incorporated into the matter that is the subject of
 any Contract; and (h) all amounts that may be owing from time to time by
 a bonding company to a Contractor or any Guarantor in any capacity including,
 without limitation, any balance or share belonging to such Contractor or
 Guarantor or any deposit or other account with a bonding company, may be
 subject to prior Liens in favor of bonding companies to secure obligations in
 connection with such payment and performance bonds;

 
	
  

 	
  

 
	
  

 	
           (ii) no
 Lien need be granted on any asset subject to a lien permitted by
 Section 7.11(e), (i), (l) (as to Liens on fixed assets only) or (m);

 

-23-

	
  

 	
  

 
	
  

 	
           (iii) no
 Lien need be granted on the capital stock of an Unrestricted Subsidiary or on
 the capital stock or assets of a corporation identified on Schedule 5.2
 as a designated foreign subsidiary;

 
	
  

 	
  

 
	
  

 	
           (iv) no
 Liens need be granted on real property unless and until the Required Lenders
 so require;

 
	
  

 	
  

 
	
  

 	
           (v) Liens
 granted may be subject and subordinate to Liens permitted by
 Sections 7.11(a), (b), (c), (e), (g), (h), (j), (k), (n), and (o)
 hereof;

 
	
  

 	
  

 
	
  

 	
           (vi)
 Liens need not be perfected by possession or control (but may be perfected by
 the filing of a financing statement) on notes receivable having a fair value
 of less than $2,000,000 in any instance and $10,000,000 in the aggregate or
 on bonds or notes pledged to the City of New York in lieu of retainage; 

 
	
  

 	
  

 
	
  

 	
           (vii)
 Liens need not be perfected by possession or control (but may be perfected by
 the filing of a financing statement) on equity securities (other than capital
 stock of Restricted Subsidiaries to the extent required hereby) having a fair
 value of less than $1,000,000 in any instance and $5,000,000 in the
 aggregate;

 
	
  

 	
  

 
	
  

 	
           (viii) no
 lien need be granted on any contract, license, permit or franchise, that
 validly prohibits the creation, attachment, or perfection of a security
 interest in favor of the Agent of a security interest in such contract,
 license, permit or franchise (or in any rights or property obtained by such
 Person under such contract, license, permit or franchise);

 
	
  

 	
  

 
	
  

 	
           (ix) no
 lien need be granted on any rights or property to the extent that any valid
 and enforceable law or regulation applicable to such rights or property
 prohibits the creation of a security interest therein; 

 
	
  

 	
  

 
	
  

 	
           (x) no
 lien need be granted on any rights or property to the extent that such rights
 or property secure purchase money financing therefor permitted by this Credit
 Agreement and the agreements providing such purchase money financing prohibit
 the creation of a further security interest therein; and

 
	
  

 	
  

 
	
  

 	
           (xi)
 Liens on deposit accounts, securities accounts and commodity accounts
 maintained by the Borrowers and the Guarantors need not be perfected by entering
 into a control agreement or otherwise.

 

The Borrowers agree that they will, and will cause the Guarantors to,
from time to time at the request of the Agent or the Required Lenders execute
and deliver such documents, security agreements, assignments, pledges,
hypothecs or charges and do such acts and things as the Agent or the Required
Lenders may reasonably request in order to provide for or perfect such Liens on
the Collateral. Notwithstanding anything to the contrary contained herein or in
any other Loan Document, the Collateral owned by the U.K. Subsidiaries and any
other Controlled Foreign Corporation (“CFC”) as such term is defined a
Section 957 of the Code whose assets are

-24-

included as part of the Collateral (including without limitation equity
interests in other U.K. Subsidiaries) shall secure solely the
indebtedness, liabilities and obligations of the U.K. Subsidiaries and any
CFC hereunder and under the other Loan Documents and not the indebtedness,
liabilities and obligations of the U.S. Borrowers and the
U.S. Subsidiaries hereunder and under the other Loan Documents.
Notwithstanding the foregoing, the portion of the capital stock of each
U.K. Subsidiary and any other CFC owned by a U.S. Corporation and
constituting Collateral in excess of 65% of the total issued and outstanding
capital stock of such Subsidiary (herein, the “Excess Stock Collateral”)
shall secure only the indebtedness liabilities and obligations of
U.K. Subsidiaries and/or any other CFC hereunder and under the other Loan
Documents. In no event shall the Excess Stock Collateral secure the
indebtedness, liabilities and obligations of the U.S. Borrowers or the
U.S. Subsidiaries hereunder or under the other Loan Documents.
Notwithstanding the foregoing, no Lien need be granted on the capital stock of
a captive insurance company or captive surety company if the granting of such
Lien would violate applicable law or require the consent of any applicable
regulatory body.

          Section 4.2.
The Guarantees.
The Obligations and Hedging Liability (i) of the U.S. Borrowers shall
be fully guaranteed by the Company and the U.S. Subsidiaries which are
Guarantors and (ii) of the U.K. Borrowers shall be fully guaranteed
by the Company, the U.S. Subsidiaries and the U.K. Subsidiaries in
each case which are Guarantors. Subject to Section 4.1 and except as
otherwise required in Section 4.1, the Required Lenders may from time to
time require any Restricted Subsidiary (other than any Restricted Subsidiary
(i) which is not a Wholly-Owned Subsidiary, (ii) which is a CFC but
not a UK Subsidiary or (iii) which is a captive insurance company or
captive surety company) to provide a Guarantee and Liens on its assets in which
event the Company shall within 30 days of request cause such Restricted
Subsidiary to execute and deliver a Guarantee to the Agent together with such
supporting resolutions, opinions and other showings as the Agent may reasonably
require.

	
  

 	
  

 
	
 Section 5.

 	
 Representations
 and Warranties.

 

          Each
Borrower represents and warrants to the Agent and the Lenders as follows:

          Section 5.1.
Organization and Qualification. Each Borrower is
duly organized, validly existing and in good standing (or their equivalents
under applicable local law) as a corporation, limited liability company or
partnership under the laws of the jurisdiction in which it is incorporated or
organized, as the case may be, has full and adequate power to own its Property
and conduct its business as now conducted, and is duly licensed or qualified
and in good standing in each jurisdiction in which the failure to be so
qualified would have a Material Adverse Effect.

          Section 5.2.
Subsidiaries.
Except as set forth in the Side Letter, each Restricted Subsidiary is duly
organized, validly existing and in good standing (or their equivalents under
applicable local law) under the laws of the jurisdiction in which it is
incorporated or organized, as the case may be, has full and adequate power to
own its Property and conduct its business as now conducted, and is duly
licensed or qualified and in good standing in each jurisdiction in which the
failure to be so qualified or in good standing would have a Material Adverse
Effect. As of the date hereof, Schedule 5.2 hereto identifies each
Restricted Subsidiary, the jurisdiction

-25-

of its incorporation or organization, as the case may be, the
percentage of issued and outstanding shares of each class of its capital stock
or other equity interests owned by the Company and the Restricted Subsidiaries
and, if such percentage is not 100% (excluding directors’ qualifying shares as
required by law), a description of each class of its authorized capital stock
and other equity interests and the number of shares of each class issued and
outstanding and the Company will notify the Agent of any material changes in
such information. All of the outstanding shares of capital stock and other
equity interests of each such Subsidiary are validly issued and outstanding and
fully paid and nonassessable (except for the provisions of Section 630 of
the Business Corporation Law of the State of New York, as to New York
Corporations) and as of the date hereof all such shares and other equity
interests indicated on Schedule 5.2 as owned by the Company or a
Restricted Subsidiary are as of the date hereof owned, beneficially and of
record, by the Company or such Restricted Subsidiary free and clear of all
Liens not permitted hereby. There are no outstanding commitments or other
obligations of any Restricted Subsidiary to issue, and no options, warrants or
other rights of any Person to acquire, any shares of any class of capital stock
or other equity interests of any Restricted Subsidiary except in favor of the
Company or a Restricted Subsidiary.

          Section 5.3.
Corporate Authority and Validity of Obligations. Each Borrower has
full right and authority to enter into this Agreement and the other Loan
Documents to which it is a party, to make the borrowings herein provided for,
to grant to the Agent the Liens provided for in the Collateral Documents being
executed by it, and to perform all of its obligations hereunder and under the
other Loan Documents to which it is a party. Each Guarantor has full right and
authority to enter into the Loan Documents to which it is a party, to grant to
the Agent the Liens provided for in the Collateral Documents executed by it and
to perform all of its obligations under such Loan Documents. The Loan Documents
have been duly authorized, executed and delivered by the Borrowers and
Guarantors and constitute valid and binding obligations of the Borrowers and
Guarantors enforceable in accordance with their terms except as enforceability
may be limited by bankruptcy, insolvency or similar laws affecting creditors’
rights generally and general principles of equity (regardless of whether the
application of such principles is considered in a proceeding in equity or at
law); and this Agreement and the other Loan Documents do not, nor does the
performance or observance by any Borrower or Guarantor of any of the matters
and things herein or therein provided for, contravene or constitute a default
under any provision of law or any judgment, injunction, order or decree binding
upon any Borrower or Guarantor or any provision of the charter, articles of
incorporation or organization or by-laws of any Borrower or Guarantor or any covenant,
indenture or agreement of the Borrowers or Guarantors or affecting any of their
Properties, or result in the creation or imposition of any Lien on any Property
of the Borrowers or Guarantors.

          Section 5.4.
Use of Proceeds; Margin Stock. The Borrowers
shall use the proceeds of the Revolving Loans and other extensions of credit
made available hereunder to refinance existing indebtedness including
indebtedness, obligations (other than Existing Letters of Credit) and
liabilities under the Existing Credit Agreement, to finance Permitted
Acquisitions and Capital Expenditures, and for their working capital and
general corporate purposes. Neither the Borrowers nor any Subsidiary is engaged
in the business of extending credit for the purpose of purchasing or carrying
margin stock (within the meaning of Regulation U of the Board of Governors
of the Federal Reserve System), and no part of the proceeds of any Revolving
Loan or

-26-

any other extension of credit made hereunder will be used to purchase
or carry any such margin stock or to extend credit to others for the purpose of
purchasing or carrying any such margin stock.

          Section 5.5.
Financial Reports.
The consolidated balance sheet of the Company and its Subsidiaries as at
December 31, 2010 and the related consolidated statements of operations,
cash flows and shareholder’s equity of the Company and its subsidiaries for
the fiscal year then ended, and accompanying notes thereto, which consolidated
financial statements are accompanied by the audit report of Ernst &
Young LLP, an independent registered public accounting firm, and the
unaudited interim condensed consolidated balance sheet of the Company and its
subsidiaries as at June 30, 2011 and the related interim condensed
consolidated statements of operations, cash flows and shareholder’s equity of
the Company and its subsidiaries for the six (6) months then ended
heretofore furnished to the Lenders, fairly present the consolidated financial
condition of the Company and its subsidiaries as at said dates and the results
of their operations and cash flows for the periods then ended in conformity
with generally accepted accounting principles applied on a consistent basis,
but subject, in the case of such interim condensed financial statements on the
related notes thereto, to year end audit adjustments which are not expected to
be material. Neither the Company nor any Restricted Subsidiary has, to the best
of its knowledge, contingent liabilities which could reasonably be expected to
have a Material Adverse Effect other than as indicated on such financial
statements or, as to each reaffirmation of this sentence’s representation and
warranty in the future, on the most recent financial statements or the related
notes thereto which are to be provided to the Lenders pursuant to
Section 7.5 hereof.

          Section 5.6.
No Material Adverse Change. Since
December 31, 2010, there has been no change in the condition (financial or
otherwise) or business prospects of the Company and its Restricted Subsidiaries
which could reasonably be expected to have a Material Adverse Effect.

          Section 5.7.
Full Disclosure.
The written statements and written information furnished by or on behalf of the
Borrowers to the Agent and the Lenders through the date hereof in connection
with the negotiation of this Agreement and the other Loan Documents and the
commitments by the Lenders to provide all or part of the financing contemplated
hereby do not, taken as a whole, contain any untrue statements of a material
fact or omit a material fact necessary to make the material statements contained
herein or therein not misleading, the Lenders acknowledging that as to any
projections furnished to the Lenders by or on behalf of the Borrowers, the
Borrowers only represent that the same were prepared on the basis of
information and estimates the Borrowers believed to be reasonable.

          Section 5.8.
Good Title. Except to the
extent heretofore disclosed on the Schedules to this Agreement or in the Side
Letter, as of the date hereof the Company and the Restricted Subsidiaries have
in all material respects good and marketable title to their real property and
good and merchantable title to the balance of their assets as reflected on the
most recent balance sheets of the Company and its Restricted Subsidiaries
furnished to the Lenders (except for sales of assets by the Borrowers and their
Restricted Subsidiaries in the ordinary course of business), subject to no
Liens other than such thereof as are permitted by Section 7.11 hereof.

-27-

          Section 5.9.
Litigation and Other Controversies.
There is no litigation or governmental proceeding or labor controversy pending,
nor to the knowledge of any Borrower threatened, against any Borrower or
Restricted Subsidiary which if adversely determined would (a) impair the
validity or enforceability of, or impair the ability of any Borrower or
Guarantor to perform its obligations under, this Agreement or any other Loan
Document or (b) have a Material Adverse Effect.

          Section 5.10.
Taxes. All tax returns
which, to the best knowledge of the Company, are required to be filed by the
Company or any Restricted Subsidiary in any jurisdiction have, in fact, been
filed, and all taxes, assessments, fees and other governmental charges upon the
Company or any Restricted Subsidiary or upon any of their respective
Properties, income or franchises, which are shown to be due and payable in such
returns, have been paid to the extent due, in each case except where the
failure to do so would not cause a Material Adverse Effect. The Borrowers do
not know of any material proposed additional tax assessment against them or the
Restricted Subsidiaries for which adequate provision in accordance with GAAP has
not been made in their respective financial statements. Adequate provisions in
accordance with GAAP for taxes on the books of the Company, each other Borrower
and each Restricted Subsidiary have been made for all open years, and for its
current fiscal period.

          Section 5.11.
Approvals. Upon termination
of the Existing Credit Agreement, no authorization, consent, license, or
exemption from, or filing or registration with, any court or governmental
department, agency or instrumentality, nor any approval or consent of the
stockholders of the Borrowers or any other Person, is or will be necessary to
the valid execution, delivery or performance by the Borrowers or Guarantors of
this Agreement or any other Loan Document, other than the stockholders of the
Guarantors.

          Section 5.12.
Affiliate Transactions.
No Borrower nor any Restricted Subsidiary is a party to any contract or
agreement with any of its Affiliates (other than contracts and agreements
between and among the Borrowers and Restricted Subsidiaries) on terms and
conditions which are less favorable to such Borrower or such Restricted
Subsidiary than would be usual and customary in similar contracts or agreements
between Persons not affiliated with each other than any such contract or
agreement which could not reasonably be expected to have a Material Adverse
Effect.

          Section 5.13.
Investment Company.
No Borrower nor any Subsidiary is an “investment company” or a company
“controlled” by an “investment company” within the meaning of the Investment
Company Act of 1940, as amended.

          Section 5.14.
ERISA. Except to the
extent heretofore disclosed in writing to the Lenders, to the best of the
Company’s knowledge, each Borrower and each other member of its Controlled
Group has fulfilled its obligations under the minimum funding standards of and
is in compliance in all material respects with ERISA and the Code to the extent
applicable to it and has not incurred any material liability to the PBGC or a
Plan (other than material liabilities arising in the future under a
multiemployer plan as defined in Section 4001(c)(3) of ERISA which could
not reasonably be expected to have a Material Adverse Effect) under
Title IV of ERISA other than a material liability to the PBGC for premiums
under Section 4007 of ERISA. Except as set forth

-28-

in the Side Letter, as of the date hereof no Borrower nor any
Restricted Subsidiary has any contingent liabilities with respect to any
post-retirement benefits under a Welfare Plan, other than liability for
continuation coverage described in Article 6 of Title I of ERISA.

          Section 5.15.
Compliance with Laws. Each Borrower and
each Restricted Subsidiary is in compliance with the requirements of all
federal, governmental (whether national, supra-national or otherwise), state,
provincial and local laws, rules and regulations applicable to or pertaining to
their Properties or business operations (including, without limitation, the
Occupational Safety and Health Act of 1970, the Americans with Disabilities Act
of 1990, and laws and regulations establishing quality criteria and standards
for air, water, land and toxic or hazardous wastes and substances), except for
such non-compliance with the same which could not reasonably be expected to
have any Material Adverse Effect. No Borrower nor any Restricted Subsidiary has
received notice to the effect that its operations are not in compliance with
any of the requirements of applicable federal, governmental (whether national,
supra-national or otherwise), state, provincial or local environmental, health
and safety statutes and regulations or are the subject of any governmental
investigation evaluating whether any remedial action is needed to respond to a
release of any toxic or hazardous waste or substance into the environment,
which non-compliance or remedial action could reasonably be expected to have a
Material Adverse Effect.

          Section 5.16.
Other Agreements.
No Borrower nor any Restricted Subsidiary is in default under the terms of any
covenant, indenture or agreement of or affecting the Borrowers, any Restricted
Subsidiary or any of their Properties, which default if uncured could
reasonably be expected to have a Material Adverse Effect.

          Section 5.17.
No Default. No
Default or Event of Default has occurred and is continuing.

          Section 5.18.
Solvency. Each Borrower is solvent, able to pay its
debts as they become due, and has sufficient capital to carry on its business
and all businesses in which it is about to engage.

          Section 5.19.
OFAC. (a) Each Borrower is in compliance with the
requirements of all OFAC Sanctions Programs applicable to it, (b) each
Restricted Subsidiary is in compliance with the requirements of all OFAC
Sanctions Programs applicable to such Subsidiary, (c) the Borrowers have
provided to the Agent, the Issuers, and the Lenders all information requested
in writing by the Agent regarding the Borrowers, their Affiliates and the
Restricted Subsidiaries necessary for the Agent, the Issuer, and the Lenders to
comply with all applicable OFAC Sanctions Programs, and (d) to the best of
the Company’s knowledge, no Borrower or any Affiliates or Restricted
Subsidiaries is, as of the date hereof, named on the current OFAC SDN List.

	
  

 	
  

 
	
 Section 6.

 	
 Conditions
 Precedent.

 

          The
obligation of each Lender to advance, continue or convert any Loan (other than
the continuation of, or conversion into, a Domestic Rate Loan) or of the Issuer
to issue, extend the

-29-

expiration date (including by not giving notice of non-renewal) of or
increase the amount of any Letter of Credit under this Agreement, shall be
subject to the following conditions precedent:

          Section 6.1.
All Credit Utilizations. The obligation of the
Lenders to provide any Borrower with any Credit Utilization (including the
first such Credit Utilization) shall be subject to the conditions precedent
that as of the time of each such Credit Utilization:

	
  

 	
  

 
	
  

 	
           (a) each
 of the representations and warranties set forth herein and in the other Loan
 Documents shall be and remain true and correct as of said time, except to the
 extent the same expressly relate to an earlier date (in which case such
 representation and/or warranty shall be true and correct as of such earlier
 date);

 
	
  

 	
  

 
	
  

 	
           (b) the
 Borrowers and Guarantors shall be in compliance with all of the terms and
 conditions hereof and of the other Loan Documents, and no Default or Event of
 Default shall have occurred and be continuing or would occur as a result of
 such Credit Utilization;

 
	
  

 	
  

 
	
  

 	
           (c) after
 giving effect to such Credit Utilization, (i) the aggregate principal
 amount of all Revolving Loans, Swing Loans and L/C Obligations shall not
 exceed the Total Commitments then in effect, (ii) the aggregate
 principal amount of all U.S. Revolving Loans, Swing Loans and
 L/C Obligations shall not exceed the U.S. Dollar Commitments then in
 effect, (iii) the aggregate principal amount of all Multicurrency
 Revolving Loans shall not exceed the Multicurrency Commitments then in
 effect, (iv) the aggregate principal amount of the Revolving Loans
 made to any Borrower and of L/C Obligations in respect of Letters of
 Credit issued for such Borrower’s account shall not exceed any applicable
 Sublimit, (v) the aggregate principal amount of Swing Loans outstanding
 to the Company shall not exceed the Swing Line Sublimit and (vi) the
 aggregate outstanding amount of the L/C Obligations shall not exceed the
 lesser of the Total Commitments or the applicable L/C Sublimit;

 
	
  

 	
  

 
	
  

 	
           (d) such
 Credit Utilization shall not violate any order, judgment or decree of any
 court or other authority or any provision of law or regulation applicable to
 the Agent or any Lender (including, without limitation, Regulation U of
 the Board of Governors of the Federal Reserve System) as then in effect (the
 Lenders acknowledging that as of the date hereof they know of none of such
 other than the restrictions of Regulation U);

 
	
  

 	
  

 
	
  

 	
           (e) in
 the case of the issuance of any Letter of Credit, the Applicable Issuer shall
 have received a properly completed Application therefor and, in the case of
 an extension or increase in the amount of the Letter of Credit, the
 Applicable Issuer shall have received a written request therefor, in a form
 acceptable to the Applicable Issuer, with such Application or written
 request, in each case to be accompanied by the fees required by this
 Agreement; and

 
	
  

 	
  

 
	
  

 	
           (f) in
 any case in which a Loan is to be made available to a Borrower to enable the
 acquisition of shares in a company incorporated in England and Wales, the
 applicable Borrower shall have complied with the provisions of
 Chapter VI of the

 

-30-

	
  

 	
  

 
	
  

 	
 Companies Act 1985 (or any statutory re-enactment of that Act) and
 obtained all such approvals and other matters as are required by that chapter
 to the satisfaction of the Agent.

 

Any request made by or on behalf of the Borrowers to the Agent or an
Issuer for a Credit Utilization hereunder shall be deemed to constitute a
representation and warranty that the foregoing statements are true and correct.

          Section
6.2. Initial Credit Utilization. Except as otherwise
contemplated by Section 6.3 hereof, before or concurrently with the
initial Credit Utilization:

	
  

 	
  

 
	
  

 	
           (a) the
 Agent shall have received for each Lender this Agreement duly executed by the
 Borrowers and the Lenders;

 
	
  

 	
  

 
	
  

 	
           (b) to
 the extent requested by a Lender, the Agent shall have received such Lender’s
 duly executed Notes of the Borrowers dated the date hereof and otherwise in
 compliance with the provisions hereof;

 
	
  

 	
  

 
	
  

 	
           (c) the
 Agent shall have received amendments to the Collateral Documents and
 Guarantees duly executed by the Borrowers and the Guarantors, together with
 (to the extent not already on file with the Agent) (i) original stock
 certificates or other similar instruments or securities representing
 substantially all of the issued and outstanding shares of capital stock or
 other equity interests in the Restricted Subsidiaries (other than the
 Company’s Subsidiary organized under the laws of the Commonwealth of Puerto
 Rico) as of the date hereof, (ii) stock powers for the Collateral
 consisting of the stock or other equity interest in each Restricted
 Subsidiary executed in blank and undated, (iii) UCC financing statements
 to be filed against each Borrower and each Subsidiary that is party to a
 Collateral Document, as debtor, in favor of the Agent, as secured party, and
 (iv) patent, trademark, and copyright collateral agreements, to the
 extent requested by the Agent;

 
	
  

 	
  

 
	
  

 	
           (d) to
 the extent not currently on file with the Agent, the Agent shall have
 received evidence of insurance required to be maintained under the Loan
 Documents, naming the Agent as additional insured and lender’s loss payee
 with respect to policies covering insurable Property;

 
	
  

 	
  

 
	
  

 	
           (e) the
 Agent shall have received for each Lender copies of each Borrower’s and
 Guarantor’s articles of incorporation and bylaws (or comparable
 organizational documents) and any amendments thereto, certified in each
 instance by its Secretary or Clerk or Assistant Secretary or Assistant Clerk;

 
	
  

 	
  

 
	
  

 	
           (f) the
 Agent shall have received for each Lender copies of resolutions of each
 Borrower’s and Guarantor’s Board of Directors (or similar governing body)
 authorizing the execution, delivery and performance of this Agreement and the
 other Loan Documents to which it is a party and the consummation of the
 transactions contemplated hereby and thereby, together with specimen
 signatures of the persons

 

-31-

	
  

 	
  

 
	
  

 	
 authorized to execute such documents on each Borrower’s and
 Guarantor’s behalf, all certified in each instance by its Secretary or Clerk
 or Assistant Secretary or Assistant Clerk;

 
	
  

 	
  

 
	
  

 	
           (g) the
 Agent shall have received for each Lender copies of the certificates of good
 standing for each Borrower and Guarantor (dated no earlier than 30 days prior
 to the date hereof) from the office of the secretary of the state or other
 applicable governmental office in its incorporation or organization;

 
	
  

 	
  

 
	
  

 	
           (h) the
 Agent shall have received for each Lender a list of each Borrower’s
 Authorized Representatives;

 
	
  

 	
  

 
	
  

 	
           (i) the
 Agent shall have received for itself and for the Lenders the initial fees called
 for by Section 3.2 hereof;

 
	
  

 	
  

 
	
  

 	
           (j) each
 Lender shall have received such evaluations and certifications as it may
 reasonably require (including a compliance certificate in the form attached
 hereto as Exhibit C containing calculations evidencing that
 (a) EBITDA for the 12-month period ended September 30, 2011 is
 at least $250.0 million and (b) the Leverage Ratio for the 12-month
 period ended September 30, 2011 is not greater than 1.0 to 1.0 in
 each case calculated as of the indebtedness incurred on the Closing Date was
 incurred on the first day of such 12-month period) in order to satisfy
 itself as to the value of the Collateral, the financial condition of the
 Borrowers and the Guarantors, and the lack of material contingent liabilities
 of the Borrowers and the Guarantors;

 
	
  

 	
  

 
	
  

 	
           (k) the
 Agent shall have received financing statement search results against the
 Property of each Borrower and each Guarantor evidencing the absence of Liens
 on its Property except as permitted by Section 7.11 hereof and searches
 (in form and substance satisfactory to the Agent) conducted at all relevant
 registries affecting the Borrowers, the Guarantors or their respective
 Property and all registrations reasonably required by the Agent in respect of
 the Liens created under the Collateral Documents shall have been completed;

 
	
  

 	
  

 
	
  

 	
           (l) the
 Company shall have terminated the Existing Credit Agreement in accordance
 with the terms thereof;

 
	
  

 	
  

 
	
  

 	
           (m) the
 Agent shall have received for each Lender the favorable written opinion of
 counsel to the Borrowers and each Guarantor, in form and substance
 satisfactory to the Agent, and legal opinions of foreign counsel and
 supporting documentation therefor with respect to, among other things, the
 liens on capital stock or other equity interests of Foreign Subsidiaries
 required by Section 4.1 hereof;

 
	
  

 	
  

 
	
  

 	
           (n) the
 Agent shall have received for the account of the Lenders such other
 agreements, instruments, documents, certificates, and opinions as the Agent may
 reasonably request;

 

-32-

	
  
 	
  
 
	
  
 	
           (o) the
 Agent shall have received (i) the audited consolidated balance sheet of
 the Company and its Restricted Subsidiaries as of December 31, 2010, December
 31, 2009 and December 31, 2008 and the related audited statements of income
 and retained earnings and cash flows for the fiscal years of the Company
 ended December 31, 2010, December 31, 2009 and December 31, 2008,
 (ii) unaudited consolidated balance sheet of the Company and its
 Restricted Subsidiaries as of September 30, 2011 and related unaudited
 interim statements of income and retained earnings for the six (6) months
 ended September 30, 2011 and (iii) the consolidated three-year projected
 financial statements of the Company and its Restricted Subsidiaries;
 
	
  
 	
  
 
	
  
 	
           (p)
     since December 31, 2010, no material adverse change in the business,
     condition (financial or otherwise), operations, performance, Properties
     or prospects of the Company and its Restricted Subsidiaries, taken on a
     consolidated basis, shall have occurred;
 
	
  
 	
  
 
	
  
 	
           (q) the
 Agent shall have received a fully executed solvency certificate from the
 Company in form and substance acceptable to the Agent; and
 
	
  
 	
  
 
	
  
 	
           (r)
     the Agent shall have received the executed Side Letter.
 

          Section 6.3.
Post Closing Matters.
Notwithstanding anything contained herein to the contrary, the Company shall
use its best efforts to satisfy the conditions precedent set forth in
Sections 6.2(c), (d), (e), (f), (g), (k) and (m) with respect to the
U.K. Subsidiaries not later than 60 days following the date hereof. It
being understood and agreed that unless and until the Agent determines in its
sole discretion foregoing conditions have been satisfied, the
U.K. Borrowers (or the Company on their behalf) shall not be permitted to
request Borrowings or Letters of Credit hereunder.

	
  

 	
  

 
	
 Section 7.

 	
 Covenants.

 

          The
Borrowers agree that, so long as any credit is available to or in use by or any
amount is owing by the Borrowers hereunder, except to the extent compliance in
any case or cases is waived in writing by the Required Lenders:

          Section 7.1.
Maintenance of Business. The Borrowers
will, and will cause each Restricted Subsidiary to, preserve and keep in force
and effect its corporate existence and all leases, licenses and permits
necessary to the proper conduct of its and their respective businesses except
with respect to any Restricted Subsidiary to the extent that the failure to do
so could not reasonably be expected to result in a Material Adverse Effect,
provided that the foregoing shall not preclude the termination or
discontinuance of any of such in connection with a sale or other disposition of
substantially all of the assets of the Restricted Subsidiary in question or the
merger or dissolution of same in each instance to the extent permitted by
Section 7.14 hereof.

-33-

          Section 7.2.
Maintenance of Property. The Borrowers
will maintain, preserve and keep their material plant, Properties and equipment
used in the conduct of their respective businesses in good repair, working
order and condition (ordinary wear and tear excepted), will from time to time
make all needful and proper repairs, renewals, replacements, additions and
betterments thereto so that at all times the overall efficiency thereof shall
be preserved and maintained in all material respects, and will cause each
Restricted Subsidiary so to do in respect of its material plant, Properties and
equipment.

          Section 7.3.
Taxes and Assessments.
The Borrowers will duly pay and discharge, and will cause each Restricted
Subsidiary to duly pay and discharge, all taxes, rates, assessments, fees and
governmental charges upon or against the Borrowers or any Restricted Subsidiary
or against their respective Properties, in each case before the same become
delinquent and before penalties accrue thereon, unless and to the extent that
the same are being contested in good faith and by appropriate proceedings which
prevent enforcement of the matter under contest and adequate reserves are
provided therefor.

          Section 7.4.
Insurance. The Borrowers
will insure and keep insured, and will cause each Restricted Subsidiary to
insure and keep insured, with insurance companies reasonably believed by them
to be good and responsible, all insurable Property owned by them which is of a
character usually insured by Persons similarly situated and operating like
Properties against loss or damage from such hazards and risks, and in such
amounts, as are insured by Persons similarly situated and operating like
Properties, and the Borrowers will insure, and cause each Restricted Subsidiary
to insure, such other hazards and risks (including employers’ and public liability
risks) with insurance companies reasonably believed by them to be good and
responsible as and to the extent usually insured by Persons similarly situated
and conducting similar businesses, it being agreed that the foregoing shall not
preclude the Borrowers and the Restricted Subsidiaries from directly or
indirectly self insuring risks as and to the extent prudent and customary for
companies similarly situated. The Borrowers shall in any event maintain
insurance on the Collateral to the extent required by the Collateral Documents.
The Borrowers will upon request of the Agent furnish a certificate setting
forth in summary form the nature and extent of the insurance maintained
pursuant to this Section 7.4.

          Section 7.5.
Financial Reports and Rights of Inspection. The Borrowers
shall, and shall cause each Restricted Subsidiary to, maintain a system of
accounting in accordance with GAAP and shall furnish to the Agent, each Lender
and each of their duly authorized representatives such information respecting
the business and financial condition of the Borrowers and their Restricted
Subsidiaries as the Agent or such Lender may reasonably request; and without
any request, shall furnish to the Lenders:

	
  

 	
  

 
	
  

 	
           (a) as
 soon as available, and in any event within forty-five (45) days after the
 close of each of the first three quarterly accounting periods of each fiscal
 year of the Company, a copy of the condensed consolidated balance sheet of
 the Company and its subsidiaries as of the last day of such period and the
 condensed consolidated (and consolidating in the case of the statement of
 operations only) statements of operations for such period and for the fiscal
 year to date and statements of cash flows and shareholder’s equity of the
 Company and its subsidiaries for the fiscal year to date, each in reasonable

 

-34-

	
  

 	
  

 
	
  

 	
 detail and showing in comparative form the figures for the
 corresponding date and period in the previous fiscal year, in the case of the
 condensed consolidated financial statements only, prepared by the Company in
 accordance with GAAP (subject to year end audit adjustments which are not
 expected to be material and to the absence of footnotes);

 
	
  

 	
  

 
	
  

 	
           (b) as
 soon as available, and in any event within ninety (90) days after the close
 of each annual accounting period of the Company, a copy of the consolidated
 balance sheet of the Company and its subsidiaries as of the last day of the
 period then ended and the consolidated statements of operations, cash flows
 and shareholder’s equity of the Company and its subsidiaries for the period
 then ended, and accompanying notes thereto, each in reasonable detail showing
 in comparative form the figures for the previous fiscal year, accompanied by
 an unqualified opinion, in accordance with generally accepted auditing
 standards, of Ernst & Young LLP or another independent registered public
 accounting firm of national standing, selected by the Company and
 reasonably satisfactory to the Required Lenders;

 
	
  

 	
  

 
	
  

 	
           (c)
 within the period provided in subsection (b) above, the written
 statement of the accountants who certified the audit report thereby required
 that in the course of their audit they have obtained no knowledge of any
 Default or Event of Default, or, if such accountants have obtained knowledge
 of any such Default or Event of Default, they shall disclose in such
 statement the nature and period of existence thereof;

 
	
  

 	
  

 
	
  

 	
           (d)
 (i) as soon as available, and in any event within forty-five (45) days
 after the close of each quarterly accounting period of the Company, a backlog
 or work-in-progress report in reasonable detailed prepared by the Company; 

 
	
  

 	
  

 
	
  

 	
           (ii)
 promptly upon the request of any Lender, an accounts receivable and accounts
 payable aging together with a claims report (detailing individual claims for
 which the amount recorded on books of the Company is in excess of
 $10,000,000), each in reasonable detail prepared by the Company;

 
	
  

 	
  

 
	
  

 	
           (e)
 promptly after receipt of final copies thereof, any additional written
 reports, or other detailed information contained in writing concerning
 significant aspects of any Borrower’s or any Restricted Subsidiary’s
 operations and financial affairs given to it by its independent public
 accountants;

 
	
  

 	
  

 
	
  

 	
           (f) as
 soon as available, and in any event within ninety (90) days following
 the end of each fiscal year of the Company, a copy of the Company’s
 consolidated and consolidating operating budget for the following fiscal
 year, such operating budget to show the Company’s projected consolidated and
 consolidating revenues, expenses and net income and to be in reasonable
 detail prepared by the Company and in form reasonably satisfactory to the
 Agent; and

 
	
  

 	
  

 
	
  

 	
           (g)
 promptly after knowledge thereof shall have come to the attention of the
 chief executive or chief financial officer of any Borrower, written notice of
 (i) any pending litigation or governmental proceeding or labor
 controversy against any Borrower

 

-35-

	
  

 	
  

 
	
  

 	
 or Restricted Subsidiary which could reasonably be expected to have a
 Material Adverse Effect or (ii) any threatened litigation, governmental
 proceeding or labor controversy against any Borrower or Restricted Subsidiary
 which the Company or such Borrower or Restricted Subsidiary in good faith
 believes could reasonably be expected to have a Material Adverse Effect or
 (iii) the occurrence of any Default or Event of Default hereunder.

 

Each of the financial statements furnished to the Lenders pursuant to
subsections (a) and (b) of this Section 7.5 shall be accompanied by a
written certificate in the form attached hereto as Exhibit C signed by an
Authorized Representative of the Company to the effect that to the best of such
officer’s knowledge and belief no Default or Event of Default has occurred
during the period covered by such statements or, if any such Default or Event
of Default has occurred during such period, setting forth a description of such
Default or Event of Default and specifying the action, if any, taken by the
Company to remedy the same. Such certificate submitted as of the last day of a
calendar quarter shall also set forth the calculations supporting such
statements in respect of Sections 7.7, 7.8 and 7.13 of this Agreement as
well as the calculation of the Applicable Margins.

          The
Borrowers will, and will cause each Restricted Subsidiary to, permit the Agent,
the Lenders and their duly authorized representatives to visit and inspect any
of the Properties of the Borrowers and Restricted Subsidiaries, to examine all
of their books of account, records, reports and other papers, to make copies
and extracts therefrom, and to discuss their respective affairs, finances and
accounts with their respective officers, employees and independent public
accountants (and by this provision the Borrowers authorize such accountants to
discuss with the Lenders (and such Persons as any Lender may designate, subject
to reasonable arrangements for confidentiality) the finances and affairs of the
Borrowers and the Restricted Subsidiaries) all upon reasonable notice at such
reasonable times and as often as may be reasonably requested.

          Section 7.6.
No Restrictions. The Borrowers shall not permit any
Restricted Subsidiary to enter into any contract or agreement after the date
hereof prohibiting or restricting such Restricted Subsidiary from paying
dividends or making loans and advances to the Company except in the case of a
Restricted Subsidiary formed or acquired to be a captive insurer or a captive
surety or where the amount of such dividends, loans or advances subject to such
prohibitions and restrictions does not exceed $5,000,000 in the aggregate at
any one time.

          Section 7.7.
Leverage Ratio.
The Company will as of the last day of each calendar quarter maintain the
Leverage Ratio of not more than the Maximum Leverage Ratio in effect at such
time.

          Section 7.8.
Interest Coverage Ratio.
The Company will as of the last day of each calendar quarter maintain the
Interest Coverage Ratio of not less than 3.50 to 1.

-36-

          Section 7.9.
Compliance with OFAC Sanctions Programs. (a) The
Borrowers shall at all times comply with the requirements of all OFAC Sanctions
Programs applicable to the Borrowers and shall cause each of the Restricted
Subsidiaries to comply with the requirements of all OFAC Sanctions Programs
applicable to such Restricted Subsidiary.

          (b) The
Borrowers shall provide the Agent, the Issuer, and the Lenders any information
requested in writing by the Agent regarding the Borrowers, their Affiliates,
and the Restricted Subsidiaries necessary for the Agent, the Issuer, and the
Lenders to comply with all applicable OFAC Sanctions Programs; subject however,
in the case of Affiliates, to such Borrower’s ability to provide information
applicable to them.

          (c) If any
Borrower obtains actual knowledge or receives any written notice that such
Borrower, any Affiliate or any Restricted Subsidiary is named on the then
current OFAC SDN List (such occurrence, an “OFAC Event”), such Borrower shall
promptly (i) give written notice to the Agent, the Issuer, and the Lenders
of such OFAC Event, and (ii) comply with all applicable laws with respect
to such OFAC Event (regardless of whether the party included on the OFAC SDN
List is located within the jurisdiction of the United States of America),
including the OFAC Sanctions Programs, and the Borrowers hereby authorize and
consent to the Agent, the Issuer, and the Lenders taking any and all steps the
Agent, the Issuer, or the Lenders deem necessary, in their sole but reasonable
discretion, to avoid violation of all applicable laws with respect to any such
OFAC Event, including the requirements of the OFAC Sanctions Programs
(including the freezing and/or blocking of assets and reporting such action to
OFAC).

          Section 7.10.
Indebtedness
for Borrowed Money. The
Borrowers shall not, nor shall they permit any of the Restricted Subsidiaries
to, issue, incur, assume, create or have outstanding any Indebtedness for
Borrowed Money; provided, however, that the foregoing shall not restrict nor
operate to prevent:

	
  

 	
  

 
	
  

 	
           (a) the
 Obligations and Hedging Liability;

 
	
  

 	
  

 
	
  

 	
           (b) Intentionally
 Omitted;

 
	
  

 	
  

 
	
  

 	
           (c) the
 obligations listed and described on Schedule 7.10 attached hereto and
 guarantees specifically permitted by Section 7.12 hereof;

 
	
  

 	
  

 
	
  

 	
           (d) Intentionally
 Omitted;

 
	
  

 	
  

 
	
  

 	
           (e)
 Indebtedness of the Company to Restricted Subsidiaries, of Restricted
 Subsidiaries to the Company and of Restricted Subsidiaries to Restricted Subsidiaries
 provided
 that the aggregate amount of such indebtedness of EMCOR U.K. Limited and
 its Restricted Subsidiaries shall be limited to $50,000,000 at any one time
 outstanding;

 
	
  

 	
  

 
	
  

 	
           (f)
 obligations consisting of deferred payment obligations of the Company and any
 of the Restricted Subsidiaries for insurance premiums or incurred by Company
 or any of its Restricted Subsidiaries in respect of funds borrowed for the
 payment of such

 

-37-

	
  

 	
  

 
	
  

 	
 premiums in either case in the ordinary course of business and
 consistent with past practices;

 
	
  

 	
  

 
	
  

 	
           (g)
 guarantees of Indebtedness for Borrowed Money of, or Performance Guarantees
 given by, Foreign Subsidiaries and Nesma EMCOR Company Ltd. and guarantees of
 or incurrence of liability for letters of credit supporting Indebtedness for
 Borrowed Money of Persons in which the Company and the Restricted
 Subsidiaries are permitted to invest pursuant to subsections (n) and (o) of
 Section 7.12; provided that the aggregate amount of
 Indebtedness for Borrowed Money and of Performance Guarantees so permitted to
 be incurred, guaranteed or supported pursuant to the provisions of this
 subsection (g) shall not exceed $50,000,000 at any one time outstanding
 less the amount invested pursuant to Section 7.12(q) hereof;

 
	
  

 	
  

 
	
  

 	
           (h)
 Indebtedness for Borrowed Money of the Company and its Restricted
 Subsidiaries not otherwise permitted by this Section in an amount not to
 exceed $100,000,000 in the aggregate at any one time outstanding;

 
	
  

 	
  

 
	
  

 	
           (i)
 liabilities in respect of letters of credit not otherwise permitted by this
 Section 7.10 if payment of such letters of credit is fully supported by
 a Letter of Credit;

 
	
  

 	
  

 
	
  

 	
           (j)
 indebtedness under Interest Rate Protection and Other Hedging Agreements
 entered into to hedge a risk of the Company and/or its Restricted
 Subsidiaries and not for speculation;

 
	
  

 	
  

 
	
  

 	
           (k)
 indebtedness of any Person existing at the time such Person becomes a
 Restricted Subsidiary or assumed in connection with the acquisition of assets
 of such Person and not incurred in contemplation of such Person being
 acquired or becoming a Restricted Subsidiary or such assets being acquired
 provided the aggregate amount of such indebtedness permitted pursuant to this
 Section 7.10(k) shall not exceed $20,000,000 at any one time
 outstanding;

 
	
  

 	
  

 
	
  

 	
           (l) any
 renewals, extensions or replacements of Indebtedness for Borrowed Money
 permitted under this Section 7.10 in an aggregate amount not in excess
 of the Indebtedness for Borrowed Money being renewed, extended or replaced;

 
	
  

 	
  

 
	
  

 	
           (m)
 obligations arising out of agreements with respect to the issuance of credit
 cards or debit cards to employees of the Company or any Restricted Subsidiary
 for use in connection with the business and affairs of such entities; 

 
	
  

 	
  

 
	
  

 	
           (n)
 obligations arising out of agreements with respect to the execution or
 processing of electronic transfer of funds by automatic clearing house
 transfer, wire transfer, or otherwise to or from any deposit account of the
 Company or any Restricted Subsidiary, the acceptance for deposit or the
 honoring for payment of any check, draft, or other item with respect to any
 such deposit accounts, and other deposit disbursement, and cash management
 services afforded to the Company and/or any Restricted Subsidiary; and

 

-38-

	
  

 	
  

 
	
  

 	
           (o)
 indebtedness resulting from a change in GAAP, if any, that requires real
 estate and equipment leases of the Company and its Restricted Subsidiaries to
 be reclassified from operating leases to Capital Leases. 

 

          Section 7.11.
Liens. The Borrowers shall not, nor shall they permit the
Restricted Subsidiaries to, create, incur or permit to exist any Lien of any
kind on any Property owned by the Borrowers or any Restricted Subsidiary; provided,
however, that the foregoing shall not apply to nor operate to
prevent:

	
  

 	
  

 
	
  

 	
           (a)
 Liens arising by statute in connection with worker’s compensation,
 unemployment insurance, old age benefits, social security obligations, taxes,
 assessments, statutory obligations or other similar charges, good faith cash
 deposits in connection with the foregoing or in connection with tenders,
 contracts or leases to which the Borrowers or any of their Restricted
 Subsidiaries are a party or other cash deposits required to be made in the
 ordinary course of business, provided in each case that the obligation is not
 for borrowed money and that the obligation secured is not overdue or, if
 overdue, is being contested in good faith by appropriate proceedings which
 prevent enforcement of the matter under contest and adequate reserves have
 been established therefor;

 
	
  

 	
  

 
	
  

 	
           (b)
 mechanics’, workmen’s, materialmen’s, landlords’, carriers’, or other similar
 Liens arising in the ordinary course of business with respect to obligations
 which are not due or which are being contested in good faith by appropriate
 proceedings which prevent enforcement of the matter under contest;

 
	
  

 	
  

 
	
  

 	
           (c)
 judgment liens and judicial attachment liens not constituting an Event of
 Default under Section 8.1(h) hereof and the pledge of assets for the
 purpose of securing an appeal, stay or discharge in the course of any legal
 proceeding, provided that the aggregate amount of such judgment liens and
 attachments and liabilities of the Borrowers and their Restricted
 Subsidiaries secured by a pledge of assets permitted under this subsection,
 including interest and penalties thereon, if any, shall not be in excess of
 $30,000,000 at any one time outstanding; 

 
	
  

 	
  

 
	
  

 	
           (d)
 the Liens granted in favor of the Collateral Agent for the benefit of the
 Lenders pursuant to the Collateral Documents;

 
	
  

 	
  

 
	
  

 	
           (e)
 Liens on Property of the Borrowers or of any Restricted Subsidiaries created
 solely for the purpose of securing indebtedness permitted by
 Section 7.10(h) hereof representing or incurred to finance, refinance or
 refund the purchase price of such Property or representing the interest of
 the lessor under a Capital Lease, provided that no such Lien shall extend to
 or cover other Property of the Borrowers or any Restricted Subsidiary other than
 the respective Property so acquired, and the principal amount of indebtedness
 secured by any such Lien shall at no time exceed the original purchase price
 of such Property;

 
	
  

 	
  

 
	
  

 	
           (f)
 Intentionally
 Omitted;

 

-39-

	
  

 	
  

 
	
  

 	
           (g)
 Liens in favor of bonding companies and their affiliates to the extent
 described in clause (i) of the second proviso of Section 4.1
 hereof;

 
	
  

 	
  

 
	
  

 	
           (h)
 rights of subrogation and similar rights of issuers of surety bonds and
 unperfected lien rights of such issuers to assets associated with projects
 which they have bonded;

 
	
  

 	
  

 
	
  

 	
           (i)
 restrictions on the disbursement or withdrawal of funds deposited by
 Restricted Subsidiaries in bank accounts maintained by them in the ordinary
 course of business consistent with past practice which are maintained in
 connection with specific construction projects or contracts from which
 payments and disbursements with respect to such contracts or projects are to
 be made;

 
	
  

 	
  

 
	
  

 	
           (j)
 Liens on insurance policies arising in connection with the deferred payment
 of premiums or the financing thereof in the ordinary course of business;

 
	
  

 	
  

 
	
  

 	
           (k)
 Liens consisting of cash collateral deposits made in connection with the
 insurance programs of the Company and its Restricted Subsidiaries and rights
 of a depository bank to offset balances in any account maintained with it by
 a Subsidiary incorporated under the laws of the United Kingdom against debit
 balances in any other account maintained with it by such Subsidiary or any other
 U.K. Subsidiary (it being acknowledged by the Lenders that such rights
 of offset shall be superior to any rights they may have in and to such
 accounts or the balances as are from time to time standing on deposit
 therein);

 
	
  

 	
  

 
	
  

 	
           (l)
 Liens existing on any property of a Person at the time such Person becomes a
 Restricted Subsidiary which Liens were not created, incurred or assumed in
 contemplation thereof, provided that no such Liens shall extend to or cover
 any other property of the Company or any Restricted Subsidiary;

 
	
  

 	
  

 
	
  

 	
           (m)
 the Liens listed and described on Schedule 7.11 attached hereto;

 
	
  

 	
  

 
	
  

 	
           (n)
 any extension, renewal or replacement (or successive extensions, renewals or
 replacements) of Liens permitted by this Section 7.11 without any
 increase in the amount of indebtedness secured thereby or in the assets
 subject to such Liens;

 
	
  

 	
  

 
	
  

 	
           (o)
 liens on deposits provided in connection with long‐term maintenance
 contracts of facilities of the Borrowers and the Restricted Subsidiaries
 located in the United Kingdom relating to United Kingdom private finance
 initiatives; and 

 
	
  

 	
  

 
	
  

 	
           (p)
 liens on Property of Restricted Subsidiaries securing miscellaneous
 obligations up to, but not to exceed, $5,000,000.

 

          Section 7.12. Investments,
Acquisitions, Loans, Advances and Guarantees. The Borrowers
shall not, nor shall they permit any of the Restricted Subsidiaries to,
directly or indirectly, make, retain or have outstanding any investments
(whether through purchase of stock 

-40-

or obligations or otherwise) in, or loans or advances
(other than for relocation and travel advances and other loans made to
employees in the ordinary course of business) to, any other Person, or acquire
all or any substantial part of the assets or business of any other Person or
division thereof, or be or become liable as endorser, guarantor, surety or
otherwise for any debt, obligation or undertaking of any other Person (other
than of the Company or any Restricted Subsidiary), or otherwise agree to
provide funds for payment of the obligations of another (other than of the
Company or any Restricted Subsidiary), or supply funds thereto or invest
therein or otherwise assure a creditor of another against loss, or apply for or
become liable to the issuer of a letter of credit which supports an obligation
of another (other than of the Company or any Restricted Subsidiary), or
subordinate any claim or demand it may have to the claim or demand of any other
Person (other than of the Company or any Restricted Subsidiary); provided,
however, that the foregoing shall not apply to nor operate to
prevent:

	
  

 	
  

 
	
  

 	
           (a)
 investments in direct obligations of the United States of America or of any
 agency or instrumentality thereof whose obligations constitute full faith and
 credit obligations of the United States of America, provided that any such
 obligations shall mature within one year of the date of issuance thereof;

 
	
  

 	
  

 
	
  

 	
           (b)
 investments in commercial paper maturing within 270 days of the date of
 issuance thereof which has been accorded one of the two highest ratings
 available from the S&P, Moody’s or any other nationally recognized credit
 rating agency of similar standing providing similar ratings;

 
	
  

 	
  

 
	
  

 	
           (c)
 investments in money market funds which in turn invest primarily in
 investments of the types described in clauses (a), (b) and (d) of this
 Section 7.12;

 
	
  

 	
  

 
	
  

 	
           (d)
 investments in certificates of deposit issued by any commercial bank
 organized under the laws of Canada or the United States or (as to investments
 of EMCOR U.K. Limited and its Subsidiaries) the United Kingdom in each
 case having capital, surplus and undivided profits of not less than
 $500,000,000 or by any Lender in each case maturing within one year from the
 date of issuance thereof or in Eurodollar time deposits maturing not more
 than one year from the date of acquisition thereof placed with any Lender or
 other such commercial bank (to the extent investments in certificates of
 deposit issued by such other bank are permitted by this subsection) or in
 banker’s acceptances endorsed by any Lender or other such commercial bank (to
 the extent investments in certificates of deposit issued by such other bank
 are permitted by this subsection) and maturing within nine months of the date
 of acceptance;

 
	
  

 	
  

 
	
  

 	
           (e)
 endorsement of items for deposit or collection of commercial paper received
 in the ordinary course of business;

 
	
  

 	
  

 
	
  

 	
           (f)
 the investments, loans, advances and guarantees listed and described on
 Schedule 7.12 attached hereto;

 
	
  

 	
  

 
	
  

 	
           (g)
 the Guarantees and guarantees referred to in and permitted by
 Section 7.10 hereof;

 

-41-

	
  

 	
  

 
	
  

 	
           (h)
 (i) an amount equal to all investments of the Company and Restricted
 Subsidiaries as of the date hereof in, and present loans and advances by the
 Company and Restricted Subsidiaries to, Unrestricted Subsidiaries and
 (ii) future investments in, and loans and advances, (including
 subordinated loans) to, Unrestricted Subsidiaries for asset preservation and
 to preserve existing operations aggregating not more than $1,500,000 at any
 one time outstanding;

 
	
  

 	
  

 
	
  

 	
           (i)
 Loans and advances (including subordinated loans and advances) between the
 Company and its Restricted Subsidiaries if and to the extent that the
 corresponding indebtedness is permitted by Section 7.10 hereof; provided,
 however, that the aggregate principal amount of loans and advances
 by the Company and its Restricted Subsidiaries to Restricted Subsidiaries
 which are not Guarantors shall not exceed $25,000,000 in the aggregate at any
 one time outstanding;

 
	
  

 	
  

 
	
  

 	
           (j)
 Permitted Acquisitions and Permitted Investments in Domestic Strategic
 Ventures;

 
	
  

 	
  

 
	
  

 	
           (k)
 acquisitions of assets (including stock, notes and other evidences of indebtedness)
 and subordinations of claims as a part of good faith collection efforts on
 doubtful accounts;

 
	
  

 	
  

 
	
  

 	
           (l)
 Performance Guarantees;

 
	
  

 	
  

 
	
  

 	
           (m)
 notes and other deferred payment obligations (other than general partnership
 and similar interests) acquired by the Company or any Restricted Subsidiary
 in connection with the sale or other disposition of assets permitted hereby;

 
	
  

 	
  

 
	
  

 	
           (n)
 investments of the Company or any Restricted Subsidiary made in the ordinary
 course of business in connection with joint ventures, Persons or other
 similar pooling of efforts in respect to a specific project or series of
 related specific projects for a limited or fixed duration and formed to
 conduct business of the type in which the Company or such Restricted
 Subsidiary is presently engaged and guarantees of obligations of, and
 incurrence of liabilities in respect of letters of credit for, such joint
 ventures or Persons;

 
	
  

 	
  

 
	
  

 	
           (o)
 investments or acquisitions of interests in Strategic Ventures organized
 outside of the United States of America and conducting more than 50% of their
 business outside of the United States (“Foreign Strategic Ventures”), provided
 that the aggregate amount so invested or expended subsequent to the date
 hereof in connection with any given Foreign Strategic Venture shall not
 exceed $20,000,000 unless the Required Lenders otherwise agree in writing;

 
	
  

 	
  

 
	
  

 	
           (p)
 the present investment of the Company and Restricted Subsidiaries in
 Restricted Subsidiaries, the present and future investment of Restricted
 Subsidiaries in the Company and future investments by the Company and
 Restricted Subsidiaries in Restricted Subsidiaries or in a Restricted
 Subsidiary formed as a captive insurer or surety 

 

-42-

	
  

 	
  

 
	
  

 	
 company; provided, however, that the aggregate
 amount of investments by the Company and its Restricted Subsidiaries in
 Restricted Subsidiaries which are not Guarantors shall not exceed $25,000,000
 at any one time outstanding;

 
	
  

 	
  

 
	
  

 	
           (q)
 investments in Foreign Subsidiaries, provided that the aggregate amount so
 invested or expended subsequent to the date hereof shall not exceed
 $50,000,000 at any one time outstanding less the amount of Indebtedness for
 Borrowed Money guaranteed pursuant to Section 7.10(g) hereof;

 
	
  

 	
  

 
	
  

 	
           (r)
 guarantees by any Person outstanding at the time such Person becomes a
 Restricted Subsidiary or in connection with the acquisition of assets of such
 Person and outstanding at the time such Person becomes a Restricted
 Subsidiary and not in either case incurred in contemplation of such Person
 being acquired or becoming a Restricted Subsidiary or such assets being
 acquired; provided
 that the aggregate amount of indebtedness guaranteed by such Person pursuant
 to guarantees permitted solely by this Section 7.12(r) when aggregated
 with the amount of indebtedness permitted solely by Section 7.10(k)
 hereof shall not exceed $20,000,000 at any one time outstanding;

 
	
  

 	
  

 
	
  

 	
           (s)
 contingent obligations arising from the issuance of Performance Guarantees,
 assurances, indemnities, bonds, letters of credit, or similar agreements in
 the ordinary course of business in respect of the contracts (other than
 contracts for Indebtedness for Borrowed Money) of Nesma EMCOR Company Ltd.
 for the benefit of surety companies or for the benefit of others to induce
 such others to forgo the issuance of a surety bond in their favor;

 
	
  

 	
  

 
	
  

 	
           (t)
 Intentionally
 Omitted;

 
	
  

 	
  

 
	
  

 	
           (u)
 Guarantees by the Company and/or its Restricted Subsidiaries of the
 Indebtedness for Borrowed Money permitted by Section 7.10(m) hereof in
 an aggregate principal amount not in excess of $75,000,000 at any one time
 outstanding;

 
	
  

 	
  

 
	
  

 	
           (v)
 loans and advances made by the Company or any Restricted Subsidiary to
 employees, vendors, suppliers and contractors in the ordinary course of its
 business in an aggregate amount not in excess of $15,000,000 at any one time
 outstanding;

 
	
  

 	
  

 
	
  

 	
           (w)
 lease, utility and other similar deposits arising in the ordinary course of
 the Company’s or any Restricted Subsidiary’s business; and

 
	
  

 	
  

 
	
  

 	
           (x)
 investments not otherwise permitted by this Section 7.12 in an aggregate
 amount not in excess of $25,000,000 at any one time outstanding.

 

In determining the amount of investments, acquisitions,
loans, advances and guarantees permitted under this Section 7.12,
investments and acquisitions shall always be taken at the original cost thereof
(regardless of any subsequent appreciation or depreciation therein), loans and
advances shall be taken at the principal amount thereof then remaining unpaid,
and guarantees shall be taken at the amount of obligations guaranteed thereby.

-43-

          Section 7.13.
Capital and Certain other Restricted Expenditures. The
Borrowers will not, nor will they permit any Restricted Subsidiary to, make, or
(without duplication) become obligated to make, any Capital Expenditure or
apply for a letter of credit (whether hereunder or otherwise) supporting an
obligation of any Foreign Strategic Venture or guarantee any Indebtedness for
Borrowed Money of any such Foreign Strategic Venture, if after giving effect
thereto the aggregate amount expended (other than in the form of capital stock
of the Company) for such purposes during the twelve‐month period ending
on the date of the expenditure in question when taken together with the face
amount of such letters of credit issued during such period and such
indebtedness so guaranteed incurred during such period, would exceed the sum of
(i) 2.00% of the arithmetic average of the unrealized revenue from
contracts in progress of the Company and its Restricted Subsidiaries (computed
in accord with the past practice of the Company) as of the last day of each of
the four calendar quarters most recently completed prior to the computation in
question, (ii) the net cash proceeds received by the Company and the
Restricted Subsidiaries during the same period from sales of assets (including
stock of Restricted Subsidiaries permitted by Sections 7.14 and/or 7.15 hereof
but excluding sales of inventory in the ordinary course of business) and
(iii) the maximum amount of dividends which the Company could pay under
Section 7.16 as of the date of the expenditure or application in question.

          Section 7.14.
Mergers, Consolidations and Sales. The Company shall not, nor
shall it permit any of its Restricted Subsidiaries to, be a party to any
merger, consolidation or dissolution, or sell, transfer, lease or otherwise
dispose of all or any substantial part of the Property of the Company and the
Restricted Subsidiaries, taken as a whole, including any disposition of
Property as part of a sale and leaseback transaction, or in any event sell or
discount (with or without recourse) any of its notes or accounts receivable; provided,
however, that this Section 7.14 shall not apply to nor operate
to prevent:

	
  

 	
  

 
	
  

 	
           (a)
 the Borrowers or any of the Restricted Subsidiaries from selling their
 inventory in the ordinary course of its business or from selling equipment
 which is obsolete, worn out, or no longer needed for the operation of the
 business of the Company and the Restricted Subsidiaries or which is promptly
 replaced with equipment of at least equal utility;

 
	
  

 	
  

 
	
  

 	
           (b)
 (i) the merger of a Restricted Subsidiary with and into the Company and
 sales by a Restricted Subsidiary of all or substantially all of its assets to
 the Company, and (ii) the merger of a Restricted Subsidiary with and into
 another Restricted Subsidiary and the sale of all or substantially all of the
 assets of a Restricted Subsidiary to another Restricted Subsidiary; provided
 in each case that if either of the two Restricted Subsidiaries in question is
 or becomes a Guarantor, the survivor of the transaction in question remains
 or becomes a Guarantor and, prior to the Collateral Release Date, all such
 actions are taken as the Agent requires to preserve its Liens on the
 Collateral;

 
	
  

 	
  

 
	
  

 	
           (c)
 any disposition of Property as part of a sale and leaseback transaction so
 long as (i) such transaction would be permitted had it been structured as a
 purchase money mortgage or Capital Lease and is treated as such for purposes
 of this Agreement or (ii) such sale and leaseback transaction is between the
 Company or any of its Restricted Subsidiaries and a Restricted Subsidiary;

 

-44-

	
  

 	
  

 
	
  

 	
           (d)
 the sale or discount (with or without recourse) of any of the Company’s or
 any Restricted Subsidiary’s notes or accounts receivable so long as (i) such
 sale by the Company or any Restricted Subsidiary of notes or accounts
 receivable is to the Company or another Restricted Subsidiary or (ii) such
 notes or accounts receivable are delinquent and such sale is in the ordinary
 course of business for purposes of collection only;

 
	
  

 	
  

 
	
  

 	
           (e)
 the dissolution or liquidation of any Restricted Subsidiary whose activities
 are no longer, in the opinion of the Chief Executive Officer or the Board of
 Directors of the Company, necessary for the operation of the business of the
 Company and its Restricted Subsidiaries taken as a whole, provided
 that (i) no Default or Event of Default has occurred and is continuing or
 will result therefrom and (ii) if the Restricted Subsidiary to be dissolved
 or liquidated is a Guarantor, all of its assets remaining after the
 dissolution or liquidation in question are transferred to another Guarantor
 and, prior to the Collateral Release Date, all such actions, if any, are
 taken as the Agent may reasonably require in order to insure that it has a
 Lien on the assets so transferred of the priority required by
 Section 4.1 hereof.

 

          For
purposes of this Section 7.14 and Section 7.15 hereof, the term “substantial”
means the sale, transfer, lease or other disposition of assets of the Company
or the Restricted Subsidiaries, whether in one or a series of transactions,
having a value when aggregated with the value of assets of all other such
sales, transfers, leases or other dispositions during the period from and
including the date hereof to and including the date of such sale, transfer,
lease or other disposition, would exceed 10% of the book value of assets of the
Company and the Restricted Subsidiaries as of such date. Prior to the
Collateral Release Date, the Agent shall release its Lien on any Property sold
pursuant to the foregoing provisions if no Default or Event of Default has
occurred and is continuing or would result therefrom.

          Section 7.15.
Maintenance of Restricted Subsidiaries. The Borrowers shall not
assign, sell or transfer, or permit any Restricted Subsidiary to issue, assign,
sell or transfer, any shares of capital stock of a Restricted Subsidiary (other
than to the Company or another Restricted Subsidiary); provided that the foregoing
shall not operate to prevent:

	
  

 	
  

 
	
  

 	
           (a)
 the issuance, sale and transfer to any person of any shares of capital stock
 of a Restricted Subsidiary for the purpose of (i) qualifying, and to the
 extent legally necessary to qualify, such person as a director of such
 Subsidiary or (ii) solely for the purpose of permitting such Subsidiary
 to carry on a licensed business;

 
	
  

 	
  

 
	
  

 	
           (b)
 the sale of all or a minority interest in the capital stock of a Restricted
 Subsidiary so long as the following conditions have been satisfied: 

 

	
  

 	
  

 	
  

 
	
  

 	
  

 	
           (i)
 no Default or Event of Default has occurred and is continuing or will result
 from the sale of same; 

 
	
  

 	
  

 	
  

 
	
  

 	
  

 	
           (ii)
 the sale of such capital stock is not a sale of a substantial part of the
 assets of the Company and the Restricted Subsidiaries taken as a whole (as
 the term “substantial” is defined in Section 7.14 hereof); 

 

-45-

	
  

 	
  

 	
  

 
	
  

 	
  

 	
           (iii)
 the Chief Executive Officer, the President or the Board of Directors of the
 Company has determined that the continued ownership of the Restricted
 Subsidiary (or the minority interest therein to be disposed of) in question is
 no longer appropriate in light of the then needs and strategic objectives of
 the Company and its Restricted Subsidiaries taken as a whole; and 

 
	
  

 	
  

 	
  

 
	
  

 	
  

 	
           (iv)
 in the case of the sale of all the Capital Stock of a Restricted Subsidiary
 all indebtedness of such Restricted Subsidiary to the Company or any other
 Restricted Subsidiary is paid in full, and all guarantees or other support
 undertakings provided by the Company or other Restricted Subsidiaries in
 respect of such disposed Restricted Subsidiary are discharged, concurrently
 with the sale in question, provided that then existing Performance Guarantees
 or guaranties in respect of surety bonds with respect to such a Restricted
 Subsidiary need not be so discharged as to jobs which commenced prior to the
 completion of such sale. 

 

Concurrently with the sale of all of the capital stock
of a Restricted Subsidiary permitted hereby, the Agent is authorized and
directed to release any Guarantee provided by such Restricted Subsidiary and,
if prior to the Collateral Release Date, any Lien on the stock or assets of
such Restricted Subsidiary and such entity shall no longer constitute a
Restricted Subsidiary hereunder.

          Section 7.16.
Dividends and Certain Other Restricted Payments. The Company
will not during any fiscal year (a) declare or pay any dividends on or
make any other distributions in respect of any class or series of its capital
stock (except for dividends payable solely in its capital stock) or
(b) directly or indirectly purchase, redeem or otherwise acquire or retire
any of its capital stock or any options or warrants therefor except out of the
net proceeds of a substantially concurrent issuance and sale of capital stock
or options or warrants therefor (collectively, “Restricted Payments”) if
after giving effect thereto (i) the aggregate amount expended for all such
purposes subsequent to the date hereof would exceed the difference between (x) $500,000,000
plus (but not minus in the case of a deficit) 50% of Net Income for the period
(taken as a single accounting period) from January 1, 2011 to the last day
of the calendar quarter most recently completed prior to the Restricted Payment
in question and (y) any portion of the amount computed pursuant to clause
(x) hereof which was used to justify a transaction under Section 7.13
pursuant to clause (iii) thereof, (ii) a Default or Event of Default
shall have occurred and be continuing, (iii) the Leverage Ratio is more than or
equal to 2.50 to 1.0 on a pro forma basis and (iv) the Borrowers have Unused
Commitments of less than $100,000,000. The foregoing notwithstanding, there
shall not be included in determining the amount set forth in clause (i) of this
Section 7.16 (A) amounts paid by the Company in satisfaction of withholding
taxes for the account of participants in Company equity-based benefit plans in
connection with the surrender by such participants to the Company of shares of
the Company’s capital stock or stock options to acquire shares of the Company’s
capital stock in lieu of paying to the Company such withholding taxes in cash
by reason of the acquisition of such shares or the exercise of such stock
options and (B) the value of stock options to acquire shares of the Company’s
capital stock or the shares underlying such stock options upon surrender to the
Company of stock options in connection with payment of such stock option
exercise price by way of a “net settlement” of such stock options.

-46-

          Section 7.17. ERISA.
The Borrowers shall, and shall cause each of the Restricted Subsidiaries to,
promptly pay and discharge all obligations and liabilities arising under ERISA
of a character which if unpaid or unperformed might result in the imposition of
a Lien against any of their Properties. The Borrowers shall, and shall cause
each of the Restricted Subsidiaries to, promptly notify the Agent and each
Lender of (i) the occurrence of any reportable event (as defined in ERISA)
with respect to any employee benefit plan subject to Title IV of ERISA
(other than a multiemployer plan) sponsored or contributed to by either of the
Borrowers or any member of the Controlled Group (a “Plan”) with respect to
which the PBGC has neither waived the 30 day reporting requirement nor issued a
public announcement that the penalty applicable to a failure to report will not
apply, (ii) receipt of any notice from the PBGC of its intention to seek
termination of any Plan or appointment of a trustee therefor, (iii) its
intention to terminate any Plan or withdraw from any multiemployer plan if such
termination or withdrawal could reasonably be expected to have a Material
Adverse Effect, and (iv) the occurrence of any other event with respect to
any Plan which would result in the incurrence by the Borrowers or any of their
Restricted Subsidiaries of any material liability, fine or penalty, or any
material increase in the contingent liability of the Borrowers or any of the
Restricted Subsidiaries with respect to any post‐retirement Welfare Plan
benefit which could reasonably be expected to have a Material Adverse Effect.

          Section 7.18.
Compliance with Laws. The Company shall, and shall cause each
of its Restricted Subsidiaries to, comply in all respects with the requirements
of all foreign (whether national, supra‐national or otherwise), federal,
state, provincial, and local laws, rules, regulations, ordinances and orders
applicable to or pertaining to their Properties or business operations, non‐compliance
with which could have a Material Adverse Effect or could result in a Lien upon
any of their Property material to the Company and the Restricted Subsidiaries
taken as a whole.

          Section 7.19.
Burdensome Contracts With Affiliates. The Company shall not,
nor shall it permit any of its Restricted Subsidiaries to, enter into any
contract, agreement or business arrangement with any of its Affiliates (other
than with or among Restricted Subsidiaries and the Company) on terms and
conditions which are less favorable to the Company or any such Restricted
Subsidiary than would be usual and customary in similar contracts, agreements
or business arrangements between Persons not affiliated with each other.

          Section 7.20.
No Changes in Fiscal Year. The Company shall not change its
fiscal year from its present basis without the prior written consent of the Required
Lenders.

          Section 7.21.
Formation of Subsidiaries. The Company will not, and will not
permit any Restricted Subsidiary to, form or acquire any Subsidiary except in
connection with acquisitions permitted by Section 7.12 hereof and the
formation of new subsidiaries unless the newly formed or acquired Subsidiary
shall, if the Required Lenders so request and to the extent required by this
Agreement, execute and deliver a Guarantee and grant Liens on its assets of the
priority required by Section 4.1 hereof (and provide the Agent with such
documentation therefore and such supporting documentation, including opinions
of counsel, as it may reasonably request). Each Subsidiary acquired or formed
pursuant hereto shall constitute a Restricted Subsidiary unless the Required
Lenders otherwise agree in writing.

-47-

          Section 7.22.
Change in the Nature of Business. The Company shall not, and
shall not permit any of the Restricted Subsidiaries to, engage in any business
or activity if as a result the general nature of the business of the Company
and the Restricted Subsidiaries, taken as a whole, would be materially changed
from the general nature of the business engaged in by the Company and the
Restricted Subsidiaries, taken as a whole, on the date of this Agreement. For
purpose of this Section 7.22, a material change from the general nature of the
business of the Company and its Restricted Subsidiaries shall not have occurred
if the aggregate consideration (including as such consideration any indebtedness
of the Acquired Business assumed or guaranteed by the Company or a Restricted
Subsidiary) for any Permitted Acquisition that is not an Eligible Line of
Business is $500 million or less.

          Section 7.23.
Use of Proceeds. The Borrowers shall use the proceeds of the
Credit Utilizations (including the initial Credit Utilization) hereunder for
the purposes set forth in, or otherwise permitted by, Section 5.4 hereof.

          Section 7.24.
Deposit Accounts. The Borrowers shall, and shall cause each
Restricted Subsidiary to, maintain all deposit accounts with the Agent, the
Lenders, or with any Affiliate of the Agent or the Lenders, or with any other
financial institution selected by the Company and reasonably acceptable to the
Agent; provided,
that the Borrower and its Restricted Subsidiaries may maintain deposit accounts
with financial institutions other than the Agent, a Lender (or one of their
Affiliates) or another institution not approved by the Agent so long as the
aggregate amount in all such deposit accounts does not exceed $50,000,000 at
any one time.

	
  

 	
  

 
	
 Section 8.

 	
 Events of Default and Remedies.

 

          Section 8.1.
Events of Default. Any one or more of the following shall
constitute an Event of Default hereunder:

	
  

 	
  

 
	
  

 	
           (a)
 default in the payment when due of all or any part of the principal of the
 Loans (whether at the stated maturity thereof or at any other time provided
 for in this Agreement) or of any Reimbursement Obligation and any such
 default continues for one (1) Business Day after notice thereof
 from the Agent (acting at the direction of any Lender) to the Company;

 
	
  

 	
  

 
	
  

 	
           (b)
 default in the payment when due of all or part of the interest on any Loan
 (whether the stated maturity thereof or at any other time provided for in
 this Agreement) or of any fee or other amount payable hereunder or under any
 other Loan Document and any such default continues for five (5) Business
 Days after notice thereof from the Agent (acting at the direction of any
 Lender) to the Company;

 
	
  

 	
  

 
	
  

 	
           (c)
 default in the observance or performance of any covenant set forth in
 Sections 7.6, 7.7, 7.8, 7.13, 7.14, 7.15, or 7.16 hereof or of any
 provision in any Loan Document dealing with the maintenance of insurance on
 the Collateral;

 
	
  

 	
  

 
	
  

 	
           (d)
 default in the observance or performance of any other provision hereof or of
 any other Loan Document which is not remedied within thirty days after the
 earlier of 

 

-48-

	
  

 	
  

 
	
  

 	
 (i) the date on which such failure shall first
 become known to any officer of the Company or (ii) written notice
 thereof to the Company by the Agent;

 
	
  

 	
  

 
	
  

 	
           (e)
 any representation or warranty made herein or in any of the other Loan
 Document or in any certificate furnished to the Agent or the Lenders pursuant
 hereto or thereto or in connection with any transaction contemplated hereby
 or thereby proves untrue in any material respect as of the date of the
 issuance or making thereof;

 
	
  

 	
  

 
	
  

 	
           (f)
 any event occurs or condition exists (other than those described in subsections
 (a) through (e) above) which is specified as an event of default under any of
 the other Loan Documents and any period of grace applicable thereto shall
 have elapsed, or any of the Loan Documents shall for any reason not be or
 shall cease to be in full force and effect, or any of the Loan Documents is
 declared to be null and void, or, prior to the Collateral Release Date, any
 of the Collateral Documents shall for any reason fail to create a valid and
 perfected Lien in favor of the Agent in any material amount of Collateral
 purported to be covered thereby of the priority required by Section 4.1
 hereof;

 
	
  

 	
  

 
	
  

 	
           (g)
 default shall occur under any evidence of Indebtedness for Borrowed Money
 aggregating in excess of $15,000,000 issued, assumed or guaranteed by any of
 the Borrowers or any Restricted Subsidiary or under any indenture, agreement
 or other instrument under which the same may be issued, and such default
 shall continue for a period of time sufficient to permit the acceleration of
 the maturity of any such Indebtedness for Borrowed Money (whether or not such
 maturity is in fact accelerated) without being waived or any such
 Indebtedness for Borrowed Money shall not be paid when due (whether by
 demand, lapse of time, acceleration or otherwise);

 
	
  

 	
  

 
	
  

 	
           (h)
 any judgment or judgments, writ or writs or warrant or warrants of
 attachment, or any similar process or processes in an aggregate amount in
 excess of $500,000 (provided, that in determining such $500,000 amount there
 shall be deducted therefrom the amount which is covered by insurance from any
 insurer which has acknowledged its liability thereon) shall be entered or
 filed against the Borrowers or any of the Material Restricted Subsidiaries or
 against any of the Property or assets of any of them and remains
 undischarged, unvacated, unbonded or unstayed for a period of thirty days;

 
	
  

 	
  

 
	
  

 	
           (i)
 any party obligated on any Guarantee shall purport to disavow, revoke,
 discontinue, repudiate or terminate such Guarantee or such Guarantee shall
 otherwise cease to have force or effect;

 
	
  

 	
  

 
	
  

 	
           (j)
 any Change in Control occurs;

 
	
  

 	
  

 
	
  

 	
           (k)
 any Borrower or Material Restricted Subsidiary shall (i) have entered
 involuntarily against it an order for relief under the United States Bankruptcy
 Code, as amended or any analogous action is taken under any other applicable
 law relating to bankruptcy or insolvency, (ii) not pay, admit in writing
 its inability to pay, or be deemed under applicable law not to be able to
 pay, its debts generally as they become due,

 

-49-

	
  

 	
  

 
	
  

 	
 (iii) make an assignment for the benefit of
 creditors, (iv) apply for, seek, consent to, or acquiesce in, the
 appointment of a receiver, receiver‐manager, receiver and manager,
 interim receiver, administrative receiver, administrator, custodian, trustee,
 examiner, liquidator or similar official for it or any substantial part of
 its Property, (v) institute any proceeding seeking to have entered
 against it an order for relief under the United States Bankruptcy Code, as
 amended or any foreign insolvency or bankruptcy laws to adjudicate it
 insolvent, or seeking dissolution, winding up, liquidation, reorganization,
 arrangement, adjustment or composition of it or its debts under any law
 relating to bankruptcy, insolvency or reorganization or relief of debtors or
 fail to file an answer or other pleading denying the material allegations of
 any such proceeding filed against it, or (vi) fail to contest in good
 faith any appointment or proceeding described in Section 8.1(l) hereof;
 or

 
	
  

 	
  

 
	
  

 	
           (l)
 a custodian, receiver, receiver‐manager, receiver and manager, interim
 receiver, administrative receiver, administrator, trustee, examiner,
 liquidator or similar official shall be appointed for any Borrower or
 Material Restricted Subsidiary or any substantial part of any of their
 Property, or a proceeding described in Section 8.1(k)(v) shall be
 instituted against any Borrower or Material Restricted Subsidiary, and such
 appointment continues undischarged or such proceeding continues undismissed
 or unstayed for a period of sixty days.

 

          Section 8.2.
Non‐Bankruptcy Defaults. When any Event of Default
described in subsections 8.1(a) to 8.1(j), both inclusive, has occurred
and is continuing, the Agent shall, upon request of the Required Lenders by
notice to the Company, take any or all of the following actions:

	
  

 	
  

 
	
  

 	
           (a)
 terminate the obligation of the Lenders to extend any further credit
 hereunder on the date (which may be the date thereof) stated in such notice;
 and

 
	
  

 	
  

 
	
  

 	
           (b)
 declare the principal of and the accrued interest on the Loans to be
 forthwith due and payable and thereupon the Loans, including both principal
 and interest, and all fees, charges, commissions and other Obligations
 payable hereunder, shall be and become immediately due and payable without
 further demand, presentment, protest or notice of any kind.

 

          Without
limiting the generality of the foregoing, the Agent, upon request of the
Required Lenders, shall be entitled to realize upon and enforce all of its
rights and remedies under the Collateral Documents and proceed by any other
action, suit, remedy or proceeding as authorized or permitted by this
Agreement, the Collateral Documents or at law or in equity.

          Section 8.3.
Bankruptcy Defaults. When any Event of Default described in
subsection 8.1(k) or 8.1(l) has occurred and is continuing, then the
unpaid balance of the Loans, including both principal and interest, and all
fees, charges, commissions and other Obligations payable hereunder, shall
immediately become due and payable without presentment, demand, protest or
notice of any kind, and the obligation of the Lenders to extend further credit
pursuant to any of the terms hereof shall immediately terminate. Without
limiting the generality of the 

-50-

foregoing, the Agent, upon request of the Required
Lenders, shall be entitled to realize upon and enforce all of its rights and
remedies under the Collateral Documents and proceed by any other action, suit,
remedy or proceeding and authorized or permitted by this Agreement, the
Collateral Documents or at law or in equity.

          Section 8.4.
Collateral for Undrawn Letters of Credit. (a) If and
when (w) any Event of Default, other than an Event of Default described in
subsections (k) or (l) of Section 8.1, has occurred and is
continuing, the Borrowers shall, upon demand of the Agent, or (x) any
Event of Default described in subsections (k) or (l) of Section 8.1
has occurred, or (y) prepayment of the Letters of Credit as required by
Section 2.13 hereof; or (z) any Letter of Credit is outstanding on
the Termination Date (whether or not any Event of Default has occurred), the
Borrowers shall, without notice or demand from the Agent, either
(i) immediately pay to the Agent the full amount of each Letter of Credit
to be held by the Agent as provided in subsection (b) below or
(ii) provide a back‐up letter of credit for the benefit of the Agent
in a stated amount equal to the full amount of all Letters of Credit then
outstanding which letter of credit shall give the Agent the unconditional right
to make drawings thereunder upon receipt of a drawing request under any Letter
of Credit and otherwise be in form and substance satisfactory to the Agent and
issued by an issuer satisfactory to the Agent in its sole discretion, the
Borrowers agreeing to immediately make each such payment or provide such back‐up
letter of credit and acknowledging and agreeing the Agent would not have an
adequate remedy at law for failure of the Borrowers to honor any such demand
and that the Agent shall have the right to require the Borrowers to
specifically perform such undertaking whether or not any draws had been made
under the Letters of Credit.

          (b)
All amounts prepaid pursuant to subsection (a) above or paid over to the
Agent pursuant to Sections 1.3(b) or 3.5(b) hereof shall be held by the
Agent in one or more separate collateral accounts (each such account, and the
credit balances, properties and any investments from time to time held therein,
and any substitutions for such account, any certificate of deposit or other
instrument evidencing any of the foregoing and all proceeds of and earnings on
any of the foregoing being collectively called the “Collateral Account”) as
security for, and for application by the Agent (to the extent available)
(i) with respect to amounts prepaid pursuant to subsection (a) above,
to the reimbursement of any payment under any Letter of Credit then or
thereafter made by the Applicable Issuer, and to the payment of the unpaid
balance of any Loans and all other Obligations, (ii) with respect to
amounts paid over to the Agent pursuant to Section 3.5(b) hereof, as set
forth in Section 3.5(b), as applicable or (iii) with respect to
amounts paid over to the Agent pursuant to Section 1.3(b) hereof, to the
reimbursement of any payment under any Letter of Credit made by the Applicable
Issuer or any fees related to such Letter of Credit. The Account shall be held
in the name of and subject to the exclusive dominion and control of the Agent for
the benefit of the Agent, the Lenders and the Applicable Issuer. If and when
requested by the Borrower, the Agent shall invest funds held in the Collateral
Account from time to time in direct obligations of, or obligations the
principal of and interest on which are unconditionally guaranteed by, the
United States of America with a remaining maturity of one year or less, provided
that the Agent is irrevocably authorized to sell investments held in the
Collateral Account when and as required to make payments out of the Collateral
Account for application to amounts due and owing from any Borrower to the
Applicable Issuer, the Agent or the Lenders; provided, however, that if
(i) the Borrowers shall have made payment of all such 

-51-

obligations referred to in subsection (a) above,
Section 1.3(b) or Section 3.5(b), as applicable, (ii) all
relevant preference or other disgorgement periods relating to the receipt of
such payments have passed, and (iii) with respect to amounts prepaid pursuant
to subsection (a) above or Section 1.3(b) only, no Letters of Credit,
Total Commitments, Loans or other Obligations remain outstanding hereunder
(other than unasserted indemnity obligations which survive the termination
hereof), or, in the case of cash collateral required by Section 2.13
hereof, the Defaulting Lender Period has terminated, then the Agent shall
release to the Company any remaining amounts held in the Collateral Account.

	
  

 	
  

 
	
 Section 9.

 	
 Definitions Interpretations.

 

          Section 9.1.
Definitions. The following terms when used herein have the
following meanings:

          “Acquired
Business” means the entity or assets acquired by a Borrower
or Restricted Subsidiary in an Acquisition after the date hereof.

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

          “Additional
Lender” is defined in Section 1.11 hereof.

          “Adjusted
EBIT” means, with reference to any period, EBIT for such
period calculated on a pro forma basis in good faith by the Company and
established to the reasonable satisfaction of the Agent as if each Acquisition
which occurred during such period had taken place on the first day of such
period (including adjustments for non‐recurring expenses and income
reasonably determined by the Company in good faith and established to the
reasonable satisfaction of the Agent). 

          “Adjusted
EBITDA” means, with reference to any period, EBITDA for such
period calculated on a pro forma basis in good faith by the Company and
established to the reasonable satisfaction of the Agent as if each Acquisition
which occurred during such period had taken place on the first day of such
period (including adjustments for non‐recurring expenses and income
reasonably determined by the Company in good faith and established to the
reasonable satisfaction of the Agent).

          “Adjusted
LIBOR” means, for any Interest Period, a rate per annum
determined in accordance with the following formula:

	
  

 	
  

 	
  

 
	
  

 	
 Adjusted LIBOR =

 	
 LIBOR

 
	
  

 	
  

 	

 

 
	
  

 	
  

 	
 1 ‐ Eurocurrency
 Reserve Percentage

 

-52-

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

          “Affiliate”
means any Person directly or indirectly controlling or controlled by, or under
direct or indirect common control with, another Person. A Person shall be
deemed to control another Person for the purposes of this definition if such
Person possesses, directly or indirectly, the power to direct, or cause the
direction of, the management and policies of the other Person, whether through
the ownership of voting securities, common directors, trustees or officers, by
contract or otherwise; provided that, in any event for purposes
of this definition, any Person that owns, directly or indirectly, 41% or more
of the securities having ordinary voting power for the election of directors or
governing body of a corporation or 41% or more of the partnership or other
ownership interests of any other Person (other than as a limited partner of
such other Person) will be deemed to control such corporation or other Person.

          “Agent”
shall mean Bank of Montreal and any successor thereto
appointed pursuant to Section 10.1 hereof.

          “Agreement”
means this Third Amended and Restated Credit Agreement, as the same may be
amended, modified or restated from time to time in accordance with the terms
hereof.

          “Alternative
Currency” means pounds sterling, Euro and any other currency
(other than United States Dollars) approved as such in writing by all
Multicurrency Lenders, in each case for so long as such currency is readily
available to all the Multicurrency Lenders and is freely transferable and
freely convertible to U.S. Dollars and Reuters Monitor Money Rates Service
(or any successor thereto) reports a LIBOR for such currency for interest
periods of one, two, three and six calendar months; provided that if any
Multicurrency Lender provides written notice to the Company (with a copy to the
Agent) that any currency control or other exchange regulations are imposed in
the country in which any such Alternative Currency is issued and that in the
reasonable opinion of such Lender funding a Loan in such currency is
impractical, then such currency shall cease to be an Alternative Currency
hereunder until such time as all the Lenders reinstate such country’s currency
as an Alternative Currency.

          “Applicable
Issuer” means the Issuer of Letters of Credit for the account
of a particular Borrower or Borrowers or in a particular jurisdiction or
jurisdictions.

          “Applicable
Issuer’s Cap” means $125,000,000 with respect to any
Applicable Issuer and any affiliate of such Applicable Issuer that is an Issuer
hereunder. 

          “Applicable
Margin” shall mean the rate per annum specified below for the
Leverage Ratio and type of Loan or fee for which the Applicable Margin is being
determined:

-53-

	
  

 	
 LEVEL
 I

 	
 LEVEL
 II

 	
 LEVEL
 III

 
	
  

 
	
 Leverage Ratio

 	
 <1.00x

 	
 ≥1.00x and
 <2.00x

 	
 ≥2.00x

 
	
  

 
	
 Domestic Rate Loan Margin

 	
 0.50%

 	
 0.75%

 	
 1.00%

 
	
  

 
	
 Eurodollar Loan Margin and L/C Fee

 	
 1.50%

 	
 1.75%

 	
 2.00%

 
	
  

 
	
 Commitment Fee

 	
 0.25%

 	
 0.30%

 	
 0.35%

 

provided,
however, that the foregoing is subject to the following:

	
  

 	
  

 
	
  

 	
           (i)
 the Leverage Ratio, Adjusted EBITDA and
 Interest Coverage Ratio shall be determined as at the last day of each fiscal
 quarter of the Company commencing with the fiscal quarter ending December 31,
 2011, with any adjustment in the Applicable Margins resulting from a change
 therein to be effective five (5) Business Days after receipt by the Agent of
 the financial statements for such quarter called for by Section 7.5(a)
 and 7.5(b) hereof (provided that if such financial statements are not
 submitted within the time limitations of Section 7.5(a) and
 Section 7.5(b) hereof and would result in an increase in the Applicable
 Margins, then such Applicable Margins shall be increased to the appropriate
 level effective five Business Days after the last date when such financial
 statements should have been submitted in compliance with Section 7.5(a)
 or 7.5(b) hereof);

 
	
  

 	
  

 
	
  

 	
           (ii)
 if the financial statements are not submitted within the time limitations of
 Section 7.5(a) and 7.5(b), then, at the request of the Required Lenders, the
 Applicable Margin shall be set at Level III until receipt of such financial
 statements, and any adjustments to the Applicable Margin after receipt of
 such financial statements shall be made in accordance with clause (i) above;

 
	
  

 	
  

 
	
  

 	
           (iii)
 the Applicable Margins for the period from the date hereof through the first
 redetermination pursuant to clause (i) above shall be those set forth above
 for Level I; and

 
	
  

 	
  

 
	
  

 	
           (iv)
 each determination of the Applicable Margins pursuant to the foregoing shall
 remain in effect until the Applicable Margins are next redetermined pursuant
 to the foregoing.

 
	
  

 	
  

 
	
  

 	
  “Application”
 is defined in Section 1.3(b) hereof.

 

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

-54-

          “Assignment
and Acceptance” means an assignment and acceptance entered
into by a Lender and an Eligible Assignee (with the consent of any party whose
consent is required by Section 11.17 hereof), and accepted by the Agent,
in substantially the form of Exhibit D or any other form approved by the
Agent.

          “Authorized
Representative” means the Chief Executive Officer, the
President, the Chief Financial Officer, the Controller, the Treasurer, the
Assistant Treasurer or any further or different persons so named by any
Authorized Representative in a written notice to the Agent.

          “Borrowers”
means (a) the U.S. Borrowers and (b) the U.K. Borrowers,
with (i) the term “Borrowers” to mean the Borrowers,
collectively, and, also each individually, and (ii) all promises and
covenants (including promises to pay) and representations and warranties of and
by the Borrowers made in the Loan Documents or any instruments or documents
delivered pursuant thereto to be and constitute the several promises,
covenants, representations and warranties of and by each and all of such
corporations, except to the extent explicitly otherwise provided. The term “Borrower” appearing
in such singular form shall be deemed a reference to any of the Borrowers
unless the context in which such term is used shall otherwise require.

          “Borrowing”
shall mean the total of Revolving Loans or Swing Loans made
to a given Borrower by all the Lenders on a single date, in a single currency
and having the same maturity. Borrowings of Revolving Loans are made and
maintained ratably from each of the Lenders according to their Percentages
except to the extent otherwise agreed in writing by all Lenders. Borrowings of
Swing Loans are made by the Agent in accordance with the procedures set forth
in Section 1.8 hereof.

          “Business
Day” means any day other than a Saturday or Sunday on which
banks are not authorized or required to close in Chicago, Illinois and, if the
applicable Business Day relates to a Borrowing or payment in an Alternative
Currency or to a conversion of a Credit Utilization into U.S. Dollars, a
day on which banks and foreign exchange markets are open for business in the
city where disbursements of, conversions of, or payments on such Borrowings are
to be made.

          “Capital
Expenditures” means, for any period, capital expenditures of
the Company and its Restricted Subsidiaries during such period as defined and
classified in accordance with GAAP consistently applied. For purposes hereof,
Permitted Acquisitions, Permitted Investments in Domestic Strategic Ventures,
and investments permitted by Sections 7.12(n) and (o) hereof shall not be
deemed Capital Expenditures.

          “Capital
Lease” means any lease of Property (whether real or personal)
which in accordance with GAAP is required to be capitalized on the balance
sheet of the lessee.

          “Capitalized
Lease Obligation” means the amount of the liability shown on
the balance sheet of any Person in respect of a Capital Lease determined in
accordance with GAAP.

          “Change
in Control” means that (i) more than 25% of the Voting
Stock of the Company shall at any time and for any reason be owned, either
legally or beneficially, by any Person or 

-55-

group of Persons acting in concert or
(ii) (1) another corporation merges into the Company or the Company
consolidates with or merges into any other corporation or (2) the Company
conveys, transfers or leases all or substantially all its assets to any person
or group, in one transaction or a series of transactions other than any
conveyance, transfer or lease between the Company and a wholly owned subsidiary
of the Company, in each case, in one transaction or a series of related
transactions with the effect that a Person or group becomes the beneficial
owner of more than 25% of the Voting Stock of the surviving or transferee
corporation of such transaction or series; or (iii) during any period of
two consecutive years, individuals who at the beginning of such period
constituted the Company’s Board of Directors (together with any new directors
whose election by the Company’s Board of Directors, or whose nomination for
election was previously so approved) cease for any reason to constitute a
majority of the Directors then in office.

          “Change
in Law” means the occurrence, after the date of this
Agreement, of any of the following: (a) the adoption or taking effect of
any law, rule, regulation or treaty, (b) any change in any law, rule,
regulation or treaty or in the administration, interpretation or application
thereof by any Governmental Authority or (c) the making or issuance of any
request, guideline or directive (whether or not having the force of law) by any
Governmental Authority; provided that notwithstanding anything
herein to the contrary, all laws, requests, rules, regulations, treaties,
guidelines or directives in connection with the Dodd-Frank Wall Street Reform
and Consumer Protection Act of 2010, and all laws, rules, guidelines or directives
promulgated in response to requests, guidelines or directives published by the
Bank of International Settlements, Basel Committee on Banking Regulations and
Supervising Practices (or any successor or similar authority) shall be deemed
to be a “Change
in Law”, regardless of the date enacted, adopted or issued.

          “Closing
Date” means the date upon which all the conditions set forth
in Section 6.2 of this Agreement have been satisfied.

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

          “Collateral”
means all Properties, rights, interests and privileges from time to time
subject to the Liens granted to the Collateral Agent by the Collateral
Documents or required so to be by the terms hereof.

          “Collateral
Account” is defined in Section 8.4(b) hereof.

          “Collateral
Agent” means Bank of Montreal, or any successor Collateral Agent appointed
pursuant to the terms hereof or in the applicable Collateral Document.

          “Collateral
Documents” means all security agreements, pledge agreements,
hypothecs, assignments, financing statements, debentures and other documents as
shall from time to time secure the Loans or any other Obligations.

          “Collateral
Release Conditions” means the satisfaction of the following:
(i) the Company shall have obtained a Corporate Credit Rating of at least
BBB- from S&P and a 

-56-

Corporate Family Rating of at least Baa3 from Moody’s
and (ii) no Default or Event of Default has occurred and is continuing.

          “Collateral
Release Date” means the date on which the Company (a)
satisfies the Collateral Release Conditions and (b) provides written notice to
the Agent requesting that the Liens on all Collateral of the Company and its
Restricted Subsidiaries which are Guarantors granted to or held by the
Collateral Agent (for the benefit of the Lenders) pursuant to the Collateral
Documents be released.

          “Company”
is defined in the introductory paragraph hereof.

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

          “Credit
Utilization” means any Borrowing and any issuance of a Letter
of Credit.

          “Default”
means any event or condition the occurrence of which would, with the passage of
time or the giving of notice, or both, constitute an Event of Default.

          “Defaulting
Lender” means any Lender that (a) has failed to fund any
portion of the Loans, participations in L/C Obligations or participations
in Swing Loans required to be funded by it hereunder (herein, a “Defaulted
Loan”) within two (2) Business Days of the date required to be
funded by it hereunder unless such failure has been cured, (b) has
otherwise failed to pay over to the Agent or any other Lender any other amount
required to be paid by it hereunder within two (2) Business Days of the
date when due, unless the subject of a good faith dispute or unless such
failure has been cured, or (c) has been deemed insolvent or become the
subject of a bankruptcy or insolvency proceeding or a receiver or conservator
has been appointed for such Lender.

          “Defaulting
Lender Excess” means, with respect to any Defaulting Lender,
the excess, if any, of such Defaulting Lender’s Percentage of the aggregate
outstanding principal amount of Loans of all Lenders (calculated as if all
Defaulting Lenders other than such Defaulting Lender had funded all of their
respective Defaulted Loans) over the aggregate outstanding principal amount of
all Loans of such Defaulting Lender.

          “Defaulting
Lender Period” means, with respect to any Defaulting Lender,
the period commencing on the date upon which such Lender first became a
Defaulting Lender and ending on the earliest of the following dates:
(i) the date on which all Total Commitments are cancelled or terminated
and/or the Obligations are declared or become immediately due and payable and
(ii) the date on which (a) such Defaulting Lender is no longer
insolvent, the subject of a bankruptcy or insolvency proceeding or, if
applicable, under the direction of a receiver or conservator, (b) the
Defaulting Lender Excess with respect to such Defaulting Lender shall have been
reduced to zero (whether by the funding by such Defaulting Lender of any
Defaulted Loans of such Defaulting Lender or otherwise), and (c) such
Defaulting Lender shall have delivered to 

-57-

Company and the Agent a written reaffirmation of its
intention to honor its obligations hereunder with respect to its Total
Commitments.

          “Departing
Lenders” is defined in Section 11.27 hereof.

          “Disposition”
means the sale, lease, conveyance or other disposition of Property.

          “Domestic
Rate” means, for any day, the rate per annum equal to the
greatest of:

	
  

 	
  

 
	
  

 	
           (a)
 the rate of interest announced or otherwise established by the Agent from
 time to time as its prime commercial rate, or its equivalent, for
 U.S. Dollar loans to borrowers located in the United States as
 in effect on such day, with any change in the Domestic Rate resulting from a
 change in said prime commercial rate to be effective as of the date of the
 relevant change in said prime commercial rate (it being acknowledged and
 agreed that such rate may not be the Agent’s best or lowest rate), 

 
	
  

 	
  

 
	
  

 	
           (b)
 the sum of (i) the rate determined by the Agent to be the average
 (rounded upward, if necessary, to the next higher 1/100 of 1%) of the rates
 per annum quoted to the Agent at approximately 10:00 a.m. (Chicago time)
 (or as soon thereafter as is practicable) on such day (or, if such day is not
 a Business Day, on the immediately preceding Business Day) by two or more Federal
 funds brokers selected by the Agent for sale to the Agent at face value of
 Federal funds in the secondary market in an amount equal or comparable to the
 principal amount for which such rate is being determined, plus
 (ii) 1/2 of 1%, and

 
	
  

 	
  

 
	
  

 	
           (c)
 the LIBOR Quoted Rate for such day plus 1.00%.

 

          “Domestic
Rate Loan” means a Revolving Loan bearing interest as
specified in Section 2.1 hereof.

          “Earn‐Out
Obligations” means an obligation the payment of which is
dependent upon the future performance of an asset or assets the sale of which
gave rise to such obligation.

          “EBIT”
means, with reference to any period, as determined for the Company and its
Restricted Subsidiaries on a consolidated basis in accordance with GAAP, Net
Income for such period plus all amounts deducted in arriving at such Net Income
amount in respect of (i) Interest Expense for such period,
(ii) federal, state, provincial, foreign and local income taxes for such
period, (iii) other non-cash charges of the Company and its Restricted
Subsidiaries during such period, and (iv) extraordinary, non-recurring
cash charges reasonably acceptable to the Agent not to exceed $25,000,000 in
the aggregate during the term of this Agreement. 

          “EBITDA”
means, with reference to any period, as determined for the Company and its
Restricted Subsidiaries on a consolidated basis in accordance with GAAP, Net
Income for such period plus all amounts deducted in arriving at such Net Income
amount in respect of (i) Interest Expense for such period,
(ii) federal, state, provincial, foreign and local income taxes for such
period, (iii) all amounts properly charged for depreciation of fixed
assets and amortization of 

-58-

intangible assets during such period on the books of the Company and
its Restricted Subsidiaries, (iv) other non-cash charges of the Company and its
Restricted Subsidiaries during such period, and (v) extraordinary,
non-recurring cash charges reasonably acceptable to the Agent not to exceed
$25,000,000 in the aggregate during the term of this Agreement.

          “Eligible
Assignee” means (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 Agent, (ii) the
Issuers, and (iii) unless an Event of Default has occurred and is
continuing, the Company (each such approval not to be unreasonably withheld or
delayed); provided
that notwithstanding the foregoing, “Eligible Assignee” shall not include any
Borrower or Guarantor or any of such Borrower’s or such Guarantor’s Affiliates
or Subsidiaries.

          “Eligible
Line of Business” means any business engaged in as of
the date of this Agreement by any Borrower or any Restricted Subsidiary or any
other business line reasonably related thereto or any reasonable extensions
thereof or a business complimentary or ancillary to such existing businesses.

          “EMCOR UK” is
defined in the introductory paragraph hereof.

          “EMU Legislation”
means the legislative measures of the European Council for the introduction of,
changeover to, or operation of a single or unified European currency being part
of the implementation of the Third Stage.

          “ERISA”
means the Employee Retirement Income Security Act of 1974, as amended from time
to time, and any successor statute.

          “ERISA
Affiliate” means any (i) corporation which is a
member of the same controlled group of corporations (within the meaning of
Section 414(b) of the Code) as the Company, (ii) partnership or other
trade or business (whether or not incorporated) under common control (within
the meaning of Section 414(c) of the Code) with any Borrower, and
(iii) member of the same affiliated service group (within the meaning of
Section 414(m) of the Code) as the Company, any corporation described in
clause (i) above or any partnership or trade or business described in
clause (ii) above.

          “Euro”
means the single lawful currency for the time being of the Participating Member
States.

          “Eurocurrency
Reserve Percentage” means, for any Borrowing in a
currency, the daily average for the applicable Interest Period of the maximum
rate, expressed as a decimal, at which reserves (including, without limitation,
any supplemental, marginal and emergency reserves) are imposed during such
Interest Period by the Board of Governors of the Federal Reserve System (or any
successor) on “eurocurrency liabilities”, as defined in such Board’s
Regulation D (or in respect of any other category of liabilities that
includes deposits by reference to which the interest rate on Loans in the
relevant currency is determined or any category of extensions of credit or
other assets that include loans by non-United States offices of any Lender to
United States residents), subject to any amendments of such reserve requirement
by such Board or its 

-59-

successor, taking into account any transitional adjustments thereto.
For purposes of this definition, the Loans shall be deemed to be “eurocurrency
liabilities” as defined in Regulation D without benefit or
credit for any prorations, exemptions or offsets under Regulation D.

          “Eurodollar
Loan” means a Revolving Loan bearing interest as
specified in Section 2.2 hereof.

          “Event of Default”
means any event or condition specified as such in Section 8.1 hereof.

          “Event of
Loss” means, with respect to any Property, any of the
following: (a) any loss, destruction or damage of such Property or
(b) any condemnation, seizure, or taking, by exercise of the power of
eminent domain or otherwise, of such Property, or confiscation of such Property
or the requisition of the use of such Property.

          “Excess
Cash” means, at any time the same is to be determined,
the amount by which all cash, cash equivalents and marketable securities held
by the Company and the U.S. Subsidiaries which are Guarantors in accounts
maintained with the Agent or any Lender in the United States exceeds $25,000,000.

          “Existing
Credit Agreement” is defined in the introductory
paragraph hereof.

          “Federal
Funds Rate” means the fluctuating interest rate per
annum described in part (x) of clause (b) of the definition of Domestic
Rate.

          “Financial
Letter of Credit” means a Letter of Credit (whether
standby or commercial) that is not, as reasonably determined by the Agent, a
Performance Letter of Credit.

          “Foreign
Subsidiary” means as to any particular corporation or
other entity, any other corporation or limited liability company organized
under the laws of and conducting business primarily in a jurisdiction which is
not part of the United States, the Commonwealth of Puerto Rico or the United
Kingdom and (i) at least 39% of the outstanding Voting Stock of which is
at the time directly or indirectly owned by such parent corporation or limited
liability company or by one or more other corporations or limited liability
companies or other entities which are themselves subsidiaries of such parent
corporation or limited liability company, (ii) the Company or a Subsidiary
of the Company has effective control over such corporation or limited liability
company, and (iii) is not designated as an “Unrestricted Subsidiary”.
Foreign Subsidiaries include those Subsidiaries set forth on Schedule 5.2 under
the heading “Foreign Subsidiaries.”

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

          “GAAP”
means generally accepted accounting principles as in effect from time to time.

          “Governmental
Authority” means the government of the United States
or any other nation, or of any political subdivision thereof, whether state or
local, and any agency, authority, 

-60-

instrumentality, regulatory body, court, central bank or other entity
exercising executive, legislative, judicial, taxing, regulatory or
administrative powers or functions of or pertaining to government (including
any supra-national bodies such as the European Union or the European Central
Bank).

          “Guarantees”
means instruments of guarantee from the Guarantors of the Obligations
satisfactory in form and substance to the Agent.

          “Guarantors”
means those entities listed on Schedule 4.2 hereto and such other
Restricted Subsidiaries (other than Restricted Subsidiaries which are not
Wholly-Owned Subsidiaries and any captive insurance company or captive surety
company which is a Restricted Subsidiary) as the Required Lenders may from time
to time designate as Guarantors in a written notice to the Company provided
that such Subsidiary has assets in excess of$10,000,000 or such other
Restricted Subsidiaries as the Company may from time to time designate.

          “Hedging
Liability” means the liability of any Borrower or any
Subsidiary to any of the Lenders, or any Affiliates of such Lenders, in respect
of any interest rate swap agreements, interest rate cap agreements, interest
rate collar agreements, interest rate floor agreements, interest rate exchange
agreements, foreign currency contracts, currency swap contracts, or other
similar interest rate or currency hedging arrangements as such Borrower or such
Subsidiary, as the case may be, may from time to time enter into with any one
or more of the Lenders party to this Agreement or their Affiliates.

          “Hostile
Acquisition” means the acquisition of the capital
stock or other equity interests of a Person through a tender offer or similar
solicitation of the owners of such capital stock or other equity interests
which has not been approved (prior to such acquisition) by resolutions of the
Board of Directors of such Person or by similar action if such Person is not a
corporation, and as to which such approval has not been withdrawn.

          “Indebtedness
for Borrowed Money” means for any Person (without
duplication) all indebtedness created, assumed or incurred in any manner by
such Person or in respect of which such Person is directly or indirectly
liable, whether by guarantee, commitment to purchase, undertaking to maintain
the solvency, liquidity or a balance sheet condition of the obligor, or
otherwise representing (i) money borrowed (including by the issuance of
debt securities), (ii) indebtedness for the deferred purchase price of
property or services (other than trade accounts payable arising in the ordinary
course of business and Earn-Out Obligations), (iii) indebtedness secured
by any Lien upon Property of such Person, whether or not such Person has
assumed or become liable for the payment of such indebtedness but if such
Person is not liable then such indebtedness shall be included at the lesser of
the amount thereof or the fair market value of the Property securing same, (iv) Capitalized
Lease Obligations of such Person and (v) all obligations of such Person on
or with respect to letters of credit (other than letters of credit which
support payment of obligations which do not constitute Indebtedness for
Borrowed Money of any Person), and bankers’ acceptances. Performance Guarantees
do not constitute Indebtedness for Borrowed Money.

-61-

          “Interest
Coverage Ratio” means as at any date the same is to be
determined the ratio of (i) Adjusted EBIT for the period of twelve
calendar months then ending to (ii) Net Interest Expense for the same
period.

          “Interest
Expense” means, with reference to any period, the sum
of all interest charges (including imputed interest charges with respect to
Capitalized Lease Obligations and all amortization of debt discount and expense
but excluding fees payable under Sections 3.1 and 3.2 hereof) and letter
of credit fees and commissions of the Borrowers and the Restricted Subsidiaries
for such period determined in accordance with GAAP, but interest paid through
the issuance of securities to the holders of the indebtedness in question
having a maturity of more than one year from the date of issuance and being of
no higher ranking or priority than the indebtedness in question shall not be
included in Interest Expense.

          “Interest
Period” means the period commencing on the date a
Borrowing is advanced or continued through a new Interest Period and ending:
(a) in the case of a Eurodollar Loan, 1, 2, 3, or 6 months thereafter and (b) in
the case of a Swing Loan, on the date 1 to 5 Business Days thereafter as
mutually agreed to by the Company and the Agent; provided, however, that:

	
  

 	
  

 
	
  

 	
           (i)
 an Interest Period may not extend beyond the Termination Date;

 
	
  

 	
  

 
	
  

 	
           (ii) whenever
 the last day of any Interest Period would otherwise be a day that is not a
 Business Day, the last day of such Interest Period shall be extended to the
 next succeeding Business Day, provided that, if such extension would
 cause the last day of an Interest Period to occur in the following calendar
 month, the last day of such Interest Period shall be the immediately
 preceding Business Day; and

 
	
  

 	
  

 
	
  

 	
           (iii) for
 purposes of determining an Interest Period, a month means a period starting
 on one day in a calendar month and ending on the numerically corresponding
 day in the next calendar month; provided, however, that if there is no
 numerically corresponding day in the month in which such an Interest Period
 is to end or if such an Interest Period begins on the last Business Day of a
 calendar month, then such Interest Period shall end on the last Business Day
 of the calendar month in which such Interest Period is to end.

 

          “Interest
Rate Protection and Other Hedging Agreements” means
one or more of the following agreements entered into by one or more financial
institutions:

	
  

 	
  

 
	
  

 	
           (a)
 interest rate protection agreements (including, without limitation, interest
 rate swaps, caps, floors, collars and similar agreements),

 
	
  

 	
  

 
	
  

 	
           (b) foreign
 exchange contracts, currency swap agreements or other, similar agreements or
 arrangements designed to protect against fluctuations in currency values
 and/or

 
	
  

 	
  

 
	
  

 	
           (c) other
 types of hedging agreements from time to time.

 

-62- 

          “Issuer”
means (i) BMO Harris Bank N.A. (formerly Harris N.A.) and any lender party
to the Existing Credit Agreement who issued an Existing Letter of Credit,
(ii) Bank of Montreal, Bank of America, N.A., JPMorgan Chase Bank, N.A.
and US Bank, National Association, and (iii) any other Lender who agrees in
writing to be an Issuer and is approved by the Required Lenders and the Company
as an issuer of Letters of Credit to a particular Borrower or Borrowers
hereunder or for use in a particular jurisdiction. 

          “L/C Documents”
means the Letters of Credit, any draft or other document presented in
connection with a drawing thereunder, the Applications and this Agreement.

          “L/C Obligations”
means the aggregate undrawn face amounts of all outstanding Letters of Credit
and all unpaid Reimbursement Obligations.

          “L/C Sublimit”
means $250,000,000, as may be reduced pursuant to the terms hereof.

          “Lenders”
means and includes the Multicurrency Lenders and the U.S. Lenders.

          “Letter of
Credit” is defined in Section 1.3(a) hereof.

          “Leverage
Ratio” means, as of any time the same is to be
determined, the ratio of (x) Total Funded Debt minus Excess Cash as of such
date, to (y) Adjusted EBITDA for the period of twelve calendar months then
ending.

          “LIBOR”
means, for an Interest Period, (a) the LIBOR Index Rate for such Interest
Period, if such rate is available, and (b) if the LIBOR Index Rate cannot
be determined, the average rate of interest per annum (rounded upwards, if
necessary, to the nearest one hundred-thousandth of a percentage point) at
which deposits in the relevant currency in immediately available funds are
offered to the Agent at 11:00 a.m. (London, England time) two (2)
Business Days before the beginning of such Interest Period by major banks in
the interbank eurocurrency market for delivery on the first day of and for a
period equal to such Interest Period in an amount equal or comparable to the
principal amount of the Borrowing in such currency scheduled to be made by the
Agent. The Agent will provide the Company with evidence of such rate upon its
request.

          “LIBOR
Index Rate” means, for any Interest Period, the rate
per annum (rounded upwards, if necessary, to the next higher one
hundred-thousandth of a percentage point) for deposits in the relevant currency
for a period equal to such Interest Period, which appears on the LIBOR01 Page
(or any other appropriate page for the applicable currency) as of
11:00 a.m. (London, England time) on the day two (2) Business Days
before the commencement of such Interest Period.

          “LIBOR01
Page” means the display designated as “LIBOR01
Page” on the Reuters Service (or such other page as may replace the
LIBOR01 Page on that service or such other service as may be nominated by the
British Bankers’ Association as the information vendor for the purpose of
displaying British Bankers’ Association Interest Settlement Rates for deposits
in the relevant currency).

-63-

          “LIBOR
Quoted Rate” means, for any day, the rate per annum
equal to the quotient of (i) the rate per annum (rounded upwards, if
necessary, to the next higher one hundred-thousandth of a percentage point) for
deposits in the relevant currency for a one-month interest period which appears
on the LIBOR01 Page (or any other appropriate page for the applicable currency)
as of 11:00 a.m. (London, England time) on such day (or, if such day is
not a Business Day, on the immediately preceding Business Day) divided by
(ii) one (1) minus the Eurocurrency Reserve Percentage.

          “Lien”
means any mortgage, lien, pledge, charge, hypothec or security interest of any
kind or nature (whether fixed or floating or of any ambulatory or
non-crystallized nature or otherwise) in respect of any Property, including the
interest of a vendor or lessor under any conditional sale, Capital Lease or
other title retention arrangement.

          “Loan
Documents” means this Agreement, the Notes (if any),
the L/C Documents, the Guarantees, the Collateral Documents, and each other instrument
or document to be delivered hereunder or thereunder or otherwise in connection
therewith and any reference to any of the foregoing shall be deemed to include
any amendment, novation, supplement substitution or replacement from time to
time of any of the foregoing, however fundamental.

          “Loans”
means and includes Domestic Rate Loans, Eurodollar Loans and Swing Loans.

          “Material
Adverse Effect” means, with respect to any act,
omission or occurrence, any of the following consequences in the reasonable
judgment of the Required Lenders:

	
  

 	
  

 
	
  

 	
           (a) the
 material impairment of the ability of the Company or of the Company and the
 Guarantors taken as a whole to pay or perform their obligations under or
 pursuant to the Loan Documents;

 
	
  

 	
  

 
	
  

 	
           (b) any
 material adverse change in the assets, liabilities, financial condition,
 operations or business prospects of the Company and its Restricted
 Subsidiaries taken as whole, or

 
	
  

 	
  

 
	
  

 	
           (c) any
 material impairment in the right of the Company and its Restricted
 Subsidiaries taken as whole to carry on their business substantially as now
 conducted.

 

          “Material
Restricted Subsidiary” means, as of any date of
determination, any Restricted Subsidiary with a Net Worth at such time greater
than $10,000,000.

          “Maximum
Leverage Ratio” means 3.0 to 1.0; provided, that in the event
that the Company and/or any Restricted Subsidiary consummates a Permitted
Acquisition where the total amount expended by the Company and the Restricted
Subsidiaries exceed $100,000,000, then, the Maximum Leverage Ratio shall be
3.25 to 1.0 as of the last day of the fiscal quarter in which the Permitted
Acquisition is consummated and as of last day of the immediately three (3)
fiscal quarters following the consummation of such Permitted Acquisition. 

-64-

          “Multicurrency
Commitment” means, as to any Multicurrency Lender and
subject to Section 1.1(c) hereof, the obligation of such Multicurrency Lender
to make Multicurrency Revolving Loans in an aggregate principal amount at any
one time outstanding not to exceed the amount set forth opposite such
Multicurrency Lender’s name on Schedule 1.1 attached hereto and made a
part hereof, as the same may be increased, reduced or modified at any time or
from time to time pursuant to the terms hereof. The Borrowers and the
Multicurrency Lenders acknowledge and agree that the Multicurrency Commitments
of the Multicurrency Lenders aggregate the U.S. Dollar Equivalent of
$720,000,000 on the date hereof.

          “Multicurrency
Lenders” means and includes Bank of Montreal and each
financial institution from time to time party to this agreement with a
Multicurrency Commitment as set forth on Schedule 1 attached hereto,
including each assignee Lender of a Multicurrency Lender pursuant to
Section 11.17 hereof.

          “Multicurrency
Revolving Credit” means the credit facility for making
Multicurrency Revolving Loans as set forth herein.

          “Multicurrency
Revolver Percentage” means, for each Multicurrency
Lender, the percentage of the Multicurrency Commitments represented by such
Multicurrency Lender’s Multicurrency Commitment or, if the Multicurrency
Commitments have been terminated, the percentage held by such Multicurrency
Lender of the aggregate principal amount of all Multicurrency Revolving Loans.

          “Multicurrency Revolving
Loan” is defined in Section 1.1(b) hereof and, as
so defined, includes a Domestic Rate Loan or a Eurodollar Loan in each case made
to the a Borrower, each of which is a “type” of Revolving Loan hereunder.

          “Moody’s”
means Moody’s Investors Service, Inc.

          “Net Cash
Proceeds” means, as applicable, (a) with respect
to any Disposition by a Person, cash and cash equivalent proceeds received by
or for such Person’s account, net of (i) reasonable direct costs relating
to such Disposition and (ii) sale, use or other transactional taxes paid
or payable by such Person as a direct result of such Disposition and (b) with
respect to any Event of Loss of a Person, cash and cash equivalent proceeds
received by or for such Person’s account (whether as a result of payments made
under any applicable insurance policy therefor or in connection with
condemnation proceedings or otherwise), net of reasonable direct costs incurred
in connection with the collection of such proceeds, awards or other payments.

          “Net
Income” for any period means the net income of the
Company and the Restricted Subsidiaries for such period computed on a
consolidated basis in accordance with GAAP and, without limiting the foregoing,
after deduction from gross income of all expenses and provisions, including
provisions for taxes on or measured by income, but excluding any gains or
losses on the sale or other disposition of investments or fixed or capital
assets, any extraordinary gains and losses, the cumulative effect of accounting
changes (as that term is defined under GAAP) any taxes on such excluded gains,
and any tax deductions or credits on account of any such excluded losses.

-65-

          “Net
Interest Expense” means, for any period, Interest
Expense less all interest income received by the Company and its Restricted
Subsidiaries during such period, as determined on a consolidated basis in accordance
with GAAP.

          “Net Worth”
means, as of any time the same is to be determined, the total shareholders’
equity (including capital stock, additional paid-in-capital, warrants,
accumulated other comprehensive income (as defined under GAAP) and retained
earnings but after deducting treasury stock and, excluding minority interests
in Restricted Subsidiaries) which would appear on the balance sheet of the
Company and its Restricted Subsidiaries determined on a consolidated basis in
accordance with GAAP.

          “Notes”
is defined in Section 3.8(d) hereof.

          “Obligations”
shall mean any and all indebtedness, obligations and liabilities of the
Borrowers and any of them to the Lenders or any of them or the Agent or Issuers
now or hereafter arising hereunder or under any of the other Loan Documents.

          “OFAC”
means the United States Department of Treasury Office of Foreign Assets
Control.

          “OFAC
Event” means the event specified in
Section 7.9(c) hereof.

          “OFAC
Sanctions Programs” means all laws, regulations, and
Executive Orders administered by OFAC, including without limitation, the Bank
Secrecy Act, anti-money laundering laws (including, without limitation, the
Uniting and Strengthening America by Providing Appropriate Tools Required to
Intercept and Obstruct Terrorism Act of 2001, Pub. L. 107-56 (a/k/a the USA
Patriot Act)), and all economic and trade sanction programs administered by
OFAC, any and all similar United States federal laws, regulations or Executive
Orders, and any similar laws, regulators or orders adopted by any State within
the United States. 

          “OFAC SDN
List” means the list of the Specially Designated
Nationals and Blocked Persons maintained by OFAC.

          “Participating
Interest” is defined in Section 1.3(d) hereof.

          “Participating
Lender” is defined in Section 1.3(d) hereof.

          “Participating
Member State” means each State so described in any EMU
Legislation.

          “Percentage”
means for each Lender, the percentage of the Total Commitments represented by
such Lender’s Total Commitment or, if the Total Commitments have been
terminated, the percentage held by such Lender of the aggregate principal
amount of all Revolving Loans and L/C Obligations then outstanding.

          “Performance
Guarantees” means, in respect of the Company or any of
the Restricted Subsidiaries, contingent obligations arising from the issuance
of performance guarantees, 

-66-

assurances, indemnities, bonds, letters of credit, or similar
agreements in the ordinary course of business in respect of the contracts
(other than contracts for Indebtedness for Borrowed Money) of the Company, any
Restricted Subsidiary, any Person in which the Company or a Restricted
Subsidiary has an equity interest.

          “Performance
Letters of Credit” means a Letter of Credit that, as
reasonably determined by the Agent, assures that the applicable Borrower will
fulfill a contractual non-financial obligation. 

          “Permitted
Acquisition” means any Acquisition with respect to
which all of the following conditions shall have been satisfied:

	
  

 	
  

 
	
  

 	
           (a)
 the Acquired Business has its primary operations within the United States of
 America, Canada or Europe;

 
	
  

 	
  

 
	
  

 	
           (b) the
 Acquired Business is in an Eligible Line of Business or, if such Acquired
 Business is not in an Eligible Line of Business, then the aggregate
 consideration (including as such consideration any indebtedness of the
 Acquired Business assumed or guaranteed by the Company or a Restricted
 Subsidiary) for such Acquired Business shall not exceed $250,000,000;

 
	
  

 	
  

 
	
  

 	
           (c)
 the Acquisition shall not be a Hostile Acquisition;

 
	
  

 	
  

 
	
  

 	
           (d) if
 the aggregate consideration for such Acquisition is greater than or equal to
 $75,000,000 (including as consideration all deferred payment obligations but
 excluding any related Earn-Out Obligations), the financial statements of the
 Acquired Business for the most recently completed fiscal year of such
 Acquired Business shall have been audited or reviewed by one of the “Big Four”
 accounting firms or by another independent accounting firm of national or
 regional repute or otherwise reasonably satisfactory to the Agent, or if such
 financial statements have not been audited by such an accounting firm,
 (i) such financial statements shall have been approved by the Agent and
 (ii) the Acquired Business has undergone a successful so called
 businessman’s review by one of the “Big Four” accounting firms as part of
 the Company’s due diligence on the Acquisition;

 
	
  

 	
  

 
	
  

 	
           (e) if
 the aggregate consideration (including as such consideration any indebtedness
 of the Acquired Business assumed or guaranteed by the Company or a Restricted
 Subsidiary) for such Acquisition is greater than or equal to $50,000,000
 (including as consideration all deferred payment obligations and a reasonable
 estimate (satisfactory to the Agent) of any related Earn-Out Obligations),
 after giving effect to the Acquisition the Borrowers shall have Unused
 Commitments of not less than $100,000,000; and

 
	
  

 	
  

 
	
  

 	
           (f) after
 giving effect to the Acquisition, (i) no Default or Event of Default shall
 exist, including with respect to the covenants contained in Sections 7.8
 hereof on a pro forma basis, and (ii) the Company’s Leverage Ratio on a pro
 forma basis as of the 

 

-67- 

	
  

 	
  

 
	
  

 	
 last day of
 the last fiscal quarter for which financial statements have been delivered is
 at least 0.25 to 1.0 below the Maximum Leverage Ratio in effect at the time
 of such Acquisition (including any increases to the Maximum Leverage Ratio as
 a result of such Acquisition). Such Acquisition shall be deemed to have
 occurred as of the date the Company enters into a definite agreement with
 respect to such Acquisition.

 

          “Permitted
Investments in Domestic Strategic Ventures” means any
investment by the Company or any Restricted Subsidiary in a Strategic Venture
so long as all the following conditions have been satisfied:

	
  

 	
  

 
	
  

 	
           (a) such
 investment is in a Strategic Venture organized within and conducting more
 than fifty percent of its business in the United States of America;

 
	
  

 	
  

 
	
  

 	
           (b)
 no Default or Event of Default exists or would exist after giving effect to
 such investment; and

 
	
  

 	
  

 
	
  

 	
           (c) the
 total amount expended by the Company and its Restricted Subsidiaries for any
 such investment does not exceed the greater of (i) $100,000,000 and (ii) 20%
 of Tangible Net Worth determined at the time the Company or such Restricted
 Subsidiary enters into a definitive agreement for such investment unless the
 Required Lenders otherwise agree in writing.

 

          “Person”
shall mean any person, firm, corporation, limited liability company,
partnership, joint venture or other entity.

          “Property”
shall mean, as to any Person, all types of real, personal, tangible, intangible
or mixed property owned by such Person whether or not included in the most
recent balance sheet of such Person and its subsidiaries under GAAP.

          “Quoted
Rate” is defined in Section 1.8(d) hereof.

          “Refunding
Borrowing” is defined in Section 1.4(a) hereof.

          “Reimbursement Obligations” is defined in
Section 1.3(c) hereof.

          “Required
Lenders” shall mean at any time Lenders whose Total
Commitments aggregate more than 50% or, if the Total Commitments have been
terminated, Lenders holding more than 50% of the outstanding principal amount
of the Revolving Loans and participations in Letters of Credit and Swing Loans.

          “Restricted
Payments” is defined in Section 7.16 hereof.

          “Restricted
Subsidiaries” means those Subsidiaries designated as
such on Schedule 5.2 hereof and all other Subsidiaries becoming Restricted
Subsidiaries pursuant hereto. Any corporation or other entity which is a
Subsidiary but which is not organized under the laws of, and conducts business
primarily in a jurisdiction which is not part of, a State of the United 

-68-

States, the District of
Columbia, the Commonwealth of Puerto Rico, or the United Kingdom is not a
Restricted Subsidiary.

          “Revolving
Credit” means collectively the Multicurrency Revolving Credit
and the U.S. Revolving Credit. 

          “Revolving
Credit Notes” is defined in Section 3.8(d) hereof.

          “Revolving
Loans” means collectively Multicurrency Revolving Loans and a
U.S. Revolving Loans.

          “Side
Letter” means that certain letter dated the date hereof from
the Company to the Agent, as the same may be supplemented or amended from time
to time.

          “S&P”
means Standard & Poor’s Ratings Services Group, a division of The
McGraw-Hill Companies, Inc.

          “Strategic
Ventures” means joint ventures, limited liability companies,
partnerships, corporations or similar pooling of efforts entered into for the
purpose of expanding the mechanical, electrical and/or facilities services (or
natural extensions thereof), businesses of the Company or any Restricted
Subsidiary or entering or expanding a business related to such businesses and
includes Restricted Subsidiaries that are not Guarantors. A Restricted
Subsidiary which is a Guarantor is not a Strategic Venture.

          “Sublimits”
means the L/C Sublimit, the Swing Sublimit and the UK Borrowers Sublimit.

          “Subsidiary”
means, as to any particular parent corporation or other entity, any other
entity at least 50.1% of the outstanding Voting Stock of which is at the time
directly or indirectly owned by such parent corporation or limited liability
company or by any one or more other corporations or limited liability companies
or other entities which are themselves subsidiaries of such parent corporation
or limited liability company.

          “Swing
Line” means the credit facility for making one or more Swing
Loans described in Section 1.8 hereof.

          “Swing
Line Lender” means Bank of Montreal, acting in its capacity
as the Lender of Swing Loans hereunder, or any successor Lender acting in such
capacity appointed pursuant to Section 11.17 hereof.

          “Swing
Line Sublimit” means $35,000,000, as reduced pursuant to the
terms hereof.

          “Swing
Loan” and “Swing Loans” each is defined in
Section 1.8 hereof.

          “Swing
Note” is defined in Section 3.8(d) hereof.

-69-

          “Tangible
Net Worth” means, at any time the same is to be determined,
the Net Worth of the Company and its Restricted Subsidiaries determined on a
consolidated basis less the sum of (a) all notes receivable from
officers and employees of the Company and its Restricted Subsidiaries,
(b) the aggregate book value of all assets which would be classified as
intangible assets under GAAP, including, without limitation, goodwill, patents,
trademarks, trade names, copyrights, franchises and deferred charges
(including, without limitation, unamortized debt discount and expense,
organization costs and deferred research and development expense) and similar
assets and (c) the write-up of assets above cost.

          “Termination
Date” means the date that is five (5) years from the Closing
Date or such earlier date on which the Total Commitments are terminated in
whole pursuant to Sections 3.5, 3.6, 8.2 or 8.3 hereof.

          “Third
Stage” means third stage of European economic and monetary
union pursuant to the Treaty on European Union.

          “Total
Commitment” means, as to any Lender, the amount set forth on
Schedule I opposite such under the heading “Total Commitments”, and reference
to the term “Total
Commitments” shall mean the aggregate of each Lender’s Total
Commitment.

          “Total
Funded Debt” means, at any time the same is to be determined,
the aggregate of all Indebtedness for Borrowed Money of the Company and its
Restricted Subsidiaries at such time, including all Indebtedness for Borrowed
Money of any other Person which is directly or indirectly guaranteed by the
Company or any of its Restricted Subsidiaries or which the Company or any of
its Restricted Subsidiaries has agreed (contingently or otherwise) to purchase
or otherwise acquire or in respect of which the Company or any of its
Restricted Subsidiaries has otherwise assured a creditor against loss, it being
understood that pursuant to Section 9.4 hereof, Total Funded Debt shall
not include Indebtedness for Borrowed Money relating to Capital Leases as
permitted by Section 7.10(o) hereof unless the parties agree to
accommodate a change in GAAP.

          “Treaty
on European Union” means the Treaty of Rome of March 25,
1957, as amended by the Single European Act of 1986 and the Maastricht Treaty
(which was signed at Maastricht on February 7, 1992, and came into force
on November 1, 1993, as amended from time to time).

          “U.K. Borrowers”
means and includes EMCOR UK and such other Restricted Subsidiaries organized
under the laws of the United Kingdom as may from time to time be designated as
such in writing by the Company and approved as such in writing by all Lenders
(but subject to such conditions and limitations as either the Company or the
Lenders may impose).

          “U.K. Borrowers
Sublimit” is defined in Section 1.1(c)(v) hereof.

          “U.K.
Subsidiaries” means
the U.K. Borrowers and such other Subsidiaries organized under the laws of the
United Kingdom.

-70-

          “U.S. Borrowers”
mean the Company and such other Restricted Subsidiaries
organized under the laws of a state of the United States of America, the
District of Columbia or the Commonwealth of Puerto Rico as may from time to
time be designated as such in writing by the Company and approved as such in
writing by all Lenders (but subject to such conditions and limitations as
either the Company or Lenders may impose).

          “U.S. Dollars”
or “$”
means lawful currency of the United States of America.

          “U.S.
Dollar Commitment” means, as to any U.S. Lender and subject
to Section 1.1(c) hereof, the obligation of such U.S. Lender to make U.S.
Revolving Loans, and to participate in Swing Loans and Letters of Credit issued
for the account of a U.S. Borrower hereunder in an aggregate principal or face
amount at any one time outstanding not to exceed the amount set forth opposite
such Lender’s name on Schedule 1 attached hereto and made a part hereof,
as the same may be increased, reduced or modified at any time or from time to
time pursuant to the terms hereof. The Company and the U.S. Lenders acknowledge
and agree that the U.S. Dollar Commitments of the U.S. Lenders aggregate
$750,000,000 on the date hereof.

          “U.S. Dollar
Equivalent” means the amount of U.S. Dollars which would
be realized by converting an Alternative Currency into U.S. Dollars in the
spot market at the exchange rate quoted by the Agent, at approximately
11:00 a.m. (London time) on the date on which a computation thereof is to
be made, to major banks in the interbank foreign exchange market for the
purchase of U.S. Dollars for such Alternative Currency.

          “U.S. Issuer”
means the Administrative Agent, or any other Lender requested by the
U.S. Borrower and approved by the Administrative Agent in its sole
discretion with respect to any U.S. Letter of Credit.

          “U.S. Lenders”
means and includes Bank of Montreal and the other financial institutions from
time to time party to this agreement with a U.S. Dollar Commitment as set forth
on Schedule 1 attached hereto, including each assignee Lender of a
U.S. Lender pursuant to Section 11.17 hereof, and unless the context
otherwise requires, the Swing Line Lender.

          “U.S.
Revolving Credit” means the credit facility for making U.S.
Revolving Loans and Swing Loans and issuing Letters of Credit as set forth
herein.

          “U.S. Revolving
Loan” is defined in Section 1.1(a) hereof and, as so
defined, includes a Domestic Rate Loan or a Eurodollar Loan in each case made
to the U.S. Borrower, each of which is a “type” of Revolving Loan
hereunder.

          “U.S. Revolver
Percentage” means, for each U.S. Lender, the percentage
of the U.S. Dollar Commitments represented by such U.S. Lender’s U.S. Dollar
Commitment or, if the U.S. Dollar Commitments have been terminated, the
percentage held by such U.S. Lender (including through participation
interests in Reimbursement Obligations) of the aggregate principal amount of
all U.S. Revolving Loans and L/C Obligations then outstanding.

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          “U.S. Subsidiaries”
means the Subsidiaries of the Company organized under the laws of a state of
the United States of America or under the laws of the District of Columbia as
may from time to time be designated as such in writing by the Company and
approved as such in writing by all Lenders (but subject to such conditions and
limitations as either the Company or Lenders may impose).

          “Unrestricted
Subsidiaries” means those Subsidiaries designated as such on
Schedule 5.2 hereof.

          “Unused
Commitments” means, at any time, the difference between the
Total Commitments then in effect and the aggregate outstanding principal amount
of Revolving Loans and L/C Obligations.

          “Voting
Stock” of any Person means capital stock or other equity
interests of any class or classes (however designated) having ordinary power
for the election of directors of such Person, other than stock having such
power only by reason of the happening of a contingency.

          “Welfare
Plan” means a “welfare plan” as defined in Section 3(l)
of ERISA.

          “Wholly-Owned
Subsidiary” means a Subsidiary of which all of the issued and
outstanding shares of capital stock (other than directors’ qualifying shares as
required by law and other than shares held by others for licensing purposes) or
other equity interests are owned by the Company and/or one or more wholly-owned
subsidiaries within the meaning of this definition.

     Section 9.2.
Interpretation. The foregoing definitions are
equally applicable to both the singular and plural forms of the terms defined.
The words “hereof”,
“herein”,
and “hereunder”
and words of like import when used in this Agreement shall refer to
this Agreement as a whole and not to any particular provision of this
Agreement. All references to time of day herein are references to Chicago,
Illinois time unless otherwise specifically provided. Where the character or
amount of any asset or liability or item of income or expense is required to be
determined or any consolidation or other accounting computation is required to
be made for the purposes of this Agreement, it shall be done in accordance with
GAAP except where such principles are inconsistent with the specific provisions
of this Agreement.

     Section
9.3. Capital Stock. All references in this Agreement to “capital
stock” shall be deemed to include a reference to shares and all
references to “stockholders” shall be deemed to include references to
shareholders (where appropriate).

     Section 9.4.
Change in Accounting Principles. If, after the date of this
Agreement, there shall occur any change in GAAP from those used in the
preparation of the financial statements referred to in Section 5.5 hereof
and such change shall result in a change in the method of calculation of any
financial covenant, standard or term found in this Agreement, either the
Borrowers or the Required Lenders may by notice to the Lenders and the
Borrowers, respectively, require that the Lenders and the Borrowers negotiate
in good faith to amend such covenants, standards, and terms so as equitably to
reflect such change in accounting principles, with the desired result being
that the criteria for evaluating the financial condition of the 

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Borrowers and its
Subsidiaries shall be the same as if such change had not been made (it being
understood that the refusal by the Company to pay a fee in connection with an
amendment to the financial covenants resulting solely from a change in GAAP
pursuant to this Section 9.4 shall not be deemed to be in bad faith). No delay
by the Borrowers or the Required Lenders in requiring such negotiation shall
limit their right to so require such a negotiation at any time after such a
change in accounting principles. Until any such covenant, standard, or term is
amended in accordance with this Section 9.4, such covenants, standard or
terms shall be computed and determined in accordance with GAAP in effect prior
to such change in accounting principles. Without limiting the generality of the
foregoing, the Borrowers shall neither be deemed to be in compliance with any
financial covenant hereunder nor out of compliance with any financial covenant
hereunder if such state of compliance or noncompliance, as the case may be,
would not exist but for the occurrence of a change in accounting principles after
the date hereof.

	
  

 	
  

 
	
 SECTION 10.

 	
 THE AGENT AND THE ISSUERS.

 

     Section 10.1.
Appointment and Authorization.
Each Lender hereby appoints and authorizes the Agent to take such action as
agent on its behalf and to exercise such powers hereunder and under the other
Loan Documents as are designated to the Agent by the terms hereof and thereof
together with such powers as are reasonably incidental thereto. The Lenders
acknowledge and agree that the Agent and the Issuers are not a trustee or other
fiduciary for them. The Agent or an Issuer may resign at any time by sending
twenty (20) days prior written notice to the Borrowers and the Lenders and may
be removed by the Required Lenders upon twenty (20) days prior written notice
to the Borrowers and the Lenders. In the event of any such resignation or
removal, the Required Lenders may appoint a new agent or issuer, with the
consent of the Borrowers (which consent shall not be required if any Default or
Event of Default has occurred and is continuing and which consent, if required,
shall not be unreasonably withheld), which shall succeed to all the rights,
powers and duties of the Agent or applicable Issuer (but only as to Letters of
Credit issued by the new Issuer) hereunder and under the other Loan Documents.
Any resigning or removed Agent or Issuer shall be entitled to the benefit of
all the protective provisions hereof with respect to its acts as an agent or issuer
hereunder, but no successor Agent or Issuer shall in any event be liable or
responsible for any actions of its predecessor. If the Agent resigns or is
removed and no successor is appointed, the rights and obligations of such Agent
shall be automatically assumed by the Required Lenders and (i) the
Borrowers and Guarantors shall be directed to make all payments due each Lender
hereunder directly to such Lender and (ii) the Agent’s rights in the
Collateral Documents shall be assigned without representation, recourse or
warranty to the Lenders as their interests may appear. Each Lender hereby
appoints Bank of Montreal as Collateral Agent.

     Section 10.2.
Rights as a Lender. The Agent and the
Issuers have and reserve all of the rights, powers and duties hereunder and
under the other Loan Documents as any Lender may have and may exercise the same
as though they were not the Agent or an Issuer and the terms “Lender”
or “Lenders”
as used herein and in all of such documents shall, unless the context otherwise
expressly indicates, include the Agent and Issuers in their individual
capacities as Lender.

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     Section 10.3.
Standard of Care. The Lenders
acknowledge that they have received and approved copies of the Loan Documents
and such other information and documents concerning the transactions
contemplated and financed hereby as they have requested to receive and/or
review. The Agent and the Issuers make no representations or warranties of any
kind or character to the Lenders with respect to the validity, enforceability,
genuineness, perfection, value, worth or collectibility hereof or of the Loans
or any of the other Obligations or of any of the other Loan Documents or of the
Liens provided for thereby or of any other documents called for hereby or
thereby or of the Collateral. The Agent need not verify the worth or existence
of the Collateral. Neither the Agent nor the Issuers nor any director, officer,
employee, agent or representative thereof (including any security trustee
therefor) shall in any event be liable for any clerical errors or errors in
judgment, inadvertence or oversight, or for action taken or omitted to be taken
by it or them hereunder or under the other Loan Documents or in connection
herewith or therewith except to the extent the same is solely a result of its
or their own gross negligence or willful misconduct as determined by a final,
non-appealable judgment of a court of competent jurisdiction. The Agent and the
Issuers shall incur no liability under or in respect of this Agreement or the
other Loan Documents by acting upon any notice, certificate, warranty,
instruction or statement (oral or written) of anyone (including anyone in good
faith believed by them to be authorized to act on behalf of any Borrower),
unless they have actual knowledge of the untruthfulness of same. The Agent and
the Issuers may execute any of their duties hereunder by or through employees,
agents, and attorneys-in-fact and shall not be answerable to the Lenders for
the default or misconduct of any such agents or attorneys-in-fact selected with
reasonable care. The Agent and the Issuers shall be entitled to advice of
counsel concerning all matters pertaining to the agencies hereby created and
their duties hereunder, and shall incur no liability to anyone and be fully
protected in acting upon the advice of such counsel. The Agent and the Issuers
shall be entitled to assume that no Default or Event of Default exists unless
notified to the contrary by a Lender. The Agent and the Issuers shall in all
events be fully protected in acting or failing to act in accord with the
instructions of the Required Lenders. Upon the occurrence of an Event of
Default hereunder, the Agent shall take such action with respect to the
enforcement of the Liens on the Collateral and the preservation and protection
thereof as it shall be directed to take by the Required Lenders but unless and
until the Required Lenders have given such direction the Agent shall take or
refrain from taking such actions as it deems appropriate and in the best
interest of all Lenders. The Agent shall in all cases be fully justified in
failing or refusing to act hereunder and under the other Loan Documents unless
it shall be indemnified to its satisfaction by the Lenders against any and all
liability and expense which may be incurred by the Agent by reason of taking or
continuing to take any such action. The Agent may treat the owner of any of the
Obligations as the holder thereof until written notice of transfer shall have
been filed with the Agent signed by such owner in form satisfactory to the
Agent. Each Lender acknowledges that it has independently and without reliance
on the Agent, the Issuers or any other Lender and based upon such information,
investigations and inquiries as it deems appropriate made its own credit
analysis and decision to extend credit to the Borrowers. It shall be the
responsibility of each Lender to keep itself informed as to the
creditworthiness of the Borrowers and the Guarantors and the Agent and Issuers
shall have no liability to any Lender with respect thereto.

     Section 10.4.
Costs and Expenses. Each Lender
agrees to reimburse the Agent and the Issuers for all costs and expenses
suffered or incurred by them or any security trustee in 

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performing their duties
hereunder and under the other Loan Documents, or in the exercise of any right
or power imposed or conferred upon them hereby or thereby, to the extent that
they are not promptly reimbursed for same by the Borrowers or out of the
Collateral, all such costs and expenses to be borne by the Lenders ratably in
accordance with the amounts of their respective Commitments.

     Section 10.5.
Indemnity. The Lenders shall
ratably indemnify and hold the Agent, the Issuers and their directors,
officers, employees, agents, representatives or attorneys-in-fact (including as
such any security trustee therefor), harmless from and against any liabilities,
losses, costs or expenses suffered or incurred by them hereunder or under the
other Loan Documents or in connection with the transactions contemplated hereby
or thereby, regardless of when asserted or arising, except to the extent they
are promptly reimbursed for the same by the Borrowers or out of the Collateral
and except to the extent that any event giving rise to a claim was caused
solely by the gross negligence or willful misconduct of the party seeking to be
indemnified as determined by a final, non-appealable judgment of a court of
competent jurisdiction.

     Section 10.6.
Intentionally Omitted.

     Section 10.7.
Conflict. In
the event of a conflict between the provisions of this Section 10 and the
provisions of any Collateral Document regarding the rights, duties and
obligations of the Agent, the provisions of this Section 10 shall govern.

     Section 10.8.
Hedging Liability. By virtue of a Lender’s execution of this
Agreement or an Assignment and Acceptance pursuant to Section 11.17
hereof, as the case may be, any Affiliate of such Lender with whom any Borrower
or any Subsidiary has entered into an agreement creating Hedging Liability
shall be deemed a Lender party hereto for purposes of any reference in a Loan
Document to the parties for whom the Agent is acting, it being understood and
agreed that the rights and benefits of such Affiliate under the Loan Documents
consist exclusively of such Affiliate’s right to share in payments and
collections out of the Collateral and the Guarantees as more fully set forth in
Section 3.7 hereof. In connection with any such distribution of payments
and collections, the Agent shall be entitled to assume no amounts are due to
any Lender or its Affiliate with respect to Hedging Liability unless such
Lender has notified the Agent in writing of the amount of any such liability
owed to it or its Affiliate prior to such distribution.

     Section 10.9.
Designation of Additional Agents. The Agent shall have the
continuing right, with the consent of the Company (such consent not to be
unreasonably withheld or delayed) for purposes hereof, at any time and from
time to time to designate one or more of the Lenders (and/or its or their
Affiliates) as “syndication agents,” “documentation agents,” “arrangers,” or
other designations for purposes hereto, but such designation shall have no
substantive effect, and such Lenders and their Affiliates shall have no
additional powers, duties or responsibilities as a result thereof.

     Section 10.10.
Authorization to Release or Subordinate or Limit Liens. The Agent is hereby
irrevocably authorized by each of the Lenders to (a) release any Lien
covering any Collateral that is sold, transferred, or otherwise disposed of in
accordance with the terms and 

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conditions of this
Agreement and the relevant Collateral Documents (including a sale, transfer, or
disposition permitted by the terms of Section 7.14 hereof or which has
otherwise been consented to in accordance with Section 11.4 hereof),
(b) release or subordinate any Lien on Collateral consisting of goods
financed with purchase money indebtedness or under a Capital Lease to the
extent such purchase money indebtedness or Capitalized Lease Obligation, and
the Lien securing the same, are permitted by Sections 7.10(h) and 7.11(e)
hereof, (c) reduce or limit the amount of the indebtedness secured by any
particular item of Collateral to an amount not less than the estimated value
thereof to the extent necessary to reduce mortgage registry, filing and similar
tax and (d) release the Liens covering the Collateral upon the Collateral
Release Date.

     Section 10.11.
Authorization to Enter into, and Enforcement of, the Collateral Documents.
Each of the Agent and the Collateral Agent is hereby irrevocably authorized by
each of the Lenders to execute and deliver the Collateral Documents on behalf
of each of the Lenders and their Affiliates and to take such action and
exercise such powers under the Collateral Documents as the Agent or Collateral
Agent, as applicable, considers appropriate, provided that neither the
Agent nor Collateral Agent shall amend the Collateral Documents unless such
amendment is agreed to in writing by the Required Lenders. Each Lender
acknowledges and agrees that it will be bound by the terms and conditions of
the Collateral Documents upon the execution and delivery thereof by the Agent
and/or the Collateral Agent, as applicable. Except as otherwise specifically
provided for herein, no Lender (or its Affiliates) other than the Collateral
Agent shall have the right to institute any suit, action or proceeding in
equity or at law for the foreclosure or other realization upon any Collateral
or for the execution of any trust or power in respect of the Collateral or for
the appointment of a receiver or for the enforcement of any other remedy under
the Collateral Documents; it being understood and intended that no one or more
of the Lenders (or their Affiliates) shall have any right in any manner
whatsoever to affect, disturb or prejudice the Lien of the Collateral Agent (or
any security trustee therefor) under the Collateral Documents by its or their
action or to enforce any right thereunder, and that all proceedings at law or
in equity shall be instituted, had, and maintained by the Collateral Agent (or
its security trustee) in the manner provided for in the relevant Collateral
Documents for the benefit of the Lenders and their Affiliates.

	
  

 	
  

 
	
 SECTION 11.

 	
 MISCELLANEOUS.

 

     Section 11.1.
Withholding Taxes. (a) Payments
Free of Withholding. Except as otherwise required by law and subject
to Section 11.1(b) hereof, each payment by each Borrower and each
Guarantor under this Agreement or the other Loan Documents shall be made
without withholding for or on account of any present or future taxes (other
than overall net income taxes (but not withholdings) on the recipient imposed
by a jurisdiction where it is domiciled or has an established place of business)
imposed by or within the jurisdiction in which such Borrower or such Guarantor
is domiciled, any jurisdiction from which such Borrower or such Guarantor makes
any payment, or (in each case) any political subdivision or taxing authority
thereof or therein. If any such withholding is so required, the Borrower or
relevant Guarantor shall make the withholding, pay the amount withheld to the
appropriate governmental authority before penalties attach thereto or interest
accrues thereon and forthwith pay such additional amount as may be necessary to
ensure that the net amount actually received by each Lender and the Agent free
and clear of such taxes (including such taxes on such additional amount) is
equal to the 

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amount which that Lender
or the Agent (as the case may be) would have received had such withholding not
been made. If the Agent or any Lender pays any amount in respect of any such
taxes, penalties or interest (including without limitation, for the avoidance
of doubt, any taxes, penalties or interest attributable to any amounts
reimbursed pursuant to the provisions hereof) the Borrowers shall reimburse the
Agent or that Lender for that payment on demand in the currency in which such
payment was made. If the Borrowers or any Guarantor pay any such taxes,
penalties or interest, they shall deliver official tax receipts evidencing that
payment or certified copies thereof to the Lender or Agent on whose account
such withholding was made (with a copy to the Agent if not the recipient of the
original) on or before the thirtieth day after payment. If any Lender or the
Agent determines it has received or been granted a credit against or relief or
remission for, or repayment of, any taxes paid or payable by it because of any
taxes, penalties or interest paid by the Borrowers or any Guarantor and
evidenced by such a tax receipt, such Lender or Agent shall, to the extent it
can do so without prejudice to the retention of the amount of such credit,
relief, remission or repayment, pay to the Borrowers or such Guarantor as
applicable, such amount as such Lender or Agent reasonably determines is
attributable to such deduction or withholding and which will leave such Lender
or Agent (after such payment) in no better or worse position than it would have
been in if the Borrowers or Guarantors had not been required to make such
deduction or withholding. Nothing in this Agreement shall interfere with the
right of each Lender and the Agent to arrange its tax affairs in whatever
manner it thinks fit nor oblige any Lender or the Agent to disclose any
information relating to its tax affairs or any computations in connection with
such taxes.

          (b)
U.S. Withholding
Tax Exemptions. Each Lender that is not a United States person (as
such term is defined in Section 7701(a)(30) of the Code) shall submit to
the Borrowers and the Agent on or before the earlier of the date the initial
Borrowing is made hereunder and thirty (30) days after the date hereof, two
duly completed and signed copies of either Form W8-BEN (relating to such
Lender and entitling it to a complete exemption from withholding under the Code
on all amounts to be received by such Lender, including fees, pursuant to the
Loan Documents and the Revolving Loans) or Form W8-ECI (relating to all amounts
to be received by such Lender, including fees, pursuant to the Loan Documents
and the Revolving Loans) of the United States Internal Revenue Service.
Thereafter and from time to time, each Lender shall submit to the Borrowers and
the Agent such additional duly completed and signed copies of one or the other
of such Forms (or such successor forms as shall be adopted from time to time by
the relevant United States taxing authorities) as may be
(i) requested by the Company in a written notice, directly or through the
Agent, to such Lender and (ii) required under then-current United States
law or regulations to avoid or reduce United States withholding taxes on
payments in respect of all amounts to be received by such Lender, including
fees, pursuant to the Loan Documents or the Revolving Loans. Notwithstanding
the foregoing, (i) a Lender which becomes a Lender after the date hereof
shall not be required to submit a Form W8-BEN or Form W8-ECI until the
date it becomes a Lender; and (ii) a Lender shall have no obligations to
provide either such Form (or successor form) subsequent to the date it becomes
a Lender if such Lender is excused from doing so pursuant to
Section 11.1(c).

          (c)
Inability
of Lender to Submit Forms. If any Lender determines, as a result of
any change in applicable law, regulation or treaty, or in any official
application or interpretation thereof, that it is unable to submit to the
Borrowers or Agent any form or certificate that such 

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Lender is obligated to
submit pursuant to subsection (b) of this Section 11.1 or that such
Lender is required to withdraw or cancel any such form or certificate
previously submitted or any such form or certificate otherwise becomes
ineffective or inaccurate, such Lender shall promptly notify the Company and the
Agent of such fact and the Lender shall to that extent not be obligated to
provide any such form or certificate and will be entitled to withdraw or cancel
any affected form or certificate, as applicable. If any Lender can avoid the
effect of any such change in law, regulation or treaty or in the application or
interpretation thereof, whether by changing its lending office or otherwise, it
undertakes to do so if the same can be accomplished without disadvantage to it.
If some, but not all, of the Lenders are affected by a change of the type
described herein, such Lender agrees that it will at the request of the Company
assign its Obligations to another Lender under and pursuant to the conditions
set forth in Section 11.17 hereof.

     Section 11.2.
Holidays. If any payment of
principal or interest on any of the Loans or any fees shall fall due on a
Saturday, Sunday or on another day which is a legal holiday for lenders in the
State of Illinois, (i) interest at the rates such Loans bear for the
period prior to maturity shall continue to accrue on such principal from the
stated due date thereof to and including the next succeeding Business Day and
(ii) such principal, interest and fees shall be payable on such succeeding
Business Day.

     Section 11.3.
No Waiver, Cumulative Remedies. No delay or
failure on the part of the Agent, any Issuer or any Lender or on the part of
the Agent, any Issuer or any holder of any of the Obligations in the exercise
of any power or right shall operate as a waiver thereof, nor as an acquiescence
in any default nor shall any single or partial exercise of any power or right
preclude any other or further exercise of any other power or right. The rights
and remedies hereunder of the Agent, the Issuers, Lenders and of the holders of
any of the Obligations are cumulative to, and not exclusive of, any rights or
remedies which any of them would otherwise have.

     Section 11.4.
Amendments. Any provision of this Agreement or the other Loan
Documents may be amended or waived if, but only if, such amendment or waiver is
in writing and is signed by (a) the Borrowers, (b) the Required
Lenders, and (c) if the rights or duties of the Agent, an Issuer or Swing
Line Lender are affected thereby, the Agent, such Issuer or Swing Line Lender,
as applicable; provided that:

	
  

 	
  

 
	
  

 	
           (i)
 no amendment or waiver pursuant to this Section 11.4 shall
 (A) increase any Total Commitment of any Lender without the consent of
 such Lender or (B) reduce the amount of or postpone the date for any
 scheduled payment of any principal of (excluding any mandatory prepayments
 set forth in Section 3.5 hereof) or interest on any Loan or of any
 Reimbursement Obligation or of any fee payable hereunder without the consent
 of the Lender to which such payment is owing or which has committed to make
 such Loan or Letter of Credit (or participate therein) hereunder; and

 
	
  

 	
  

 
	
  

 	
           (ii)
 no amendment or waiver pursuant to this Section 11.4 shall, unless
 signed by each Lender, change the definitions of Termination Date Required
 Lenders, Collateral Release Date or Collateral Release Conditions, change the
 provisions of this Section 11.4, amend the application of proceeds
 provisions set forth in the second 

 

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 paragraph of Section
 3.7 hereof, release any material guarantor or all or substantially all of the
 Collateral (except as otherwise provided for in the Loan Documents), or
 affect the number of Lenders required to take any action hereunder or under
 any other Loan Document.

 

     Section 11.5.
Costs and Expenses. The Borrowers
agree to pay on demand all reasonable costs and expenses of the Agent in
connection with the negotiation, preparation, execution, delivery, recording or
filing or release of the Loan Documents or in connection with any consents
hereunder or thereunder or waivers or amendments hereto or thereto or
assignments pursuant hereto, including the reasonable fees and expenses of
counsel for the Agent with respect to all of the foregoing, and all recording,
filing, insurance or other fees, costs and taxes incident to perfecting a Lien
upon the collateral security for the Loans and the other Obligations, and all
reasonable costs and expenses (including reasonable attorneys’ fees) incurred
by the Agent, the Issuers, the Lenders or any other holders of the Obligations
in connection with any Default or Event of Default or in connection with the
enforcement of the Loan Documents, and all reasonable costs, fees and taxes of
the types enumerated above incurred in supplementing (and recording or filing
supplements to) the Collateral Documents in connection with assignments
contemplated by Section 11.17 hereof if counsel to the Agent believes such
supplements to be appropriate or desirable. The Borrowers agree to indemnify
and save the Lenders, the Issuers, the Agent and any of their respective
Affiliates, officers, directors, agents or employees and any security trustee
for the Agent or the Lenders harmless from any and all liabilities, losses,
reasonable costs and reasonable expenses incurred by the Lenders, the Issuers
or the Agent or any of their respective Affiliates, officers, directors, agents
or employees in connection with any action, suit or proceeding brought against
the Agent, or the Issuers, any security trustee or any Lender or any of their
respective Affiliates, officers, directors, agents or employees by any Person
which arises out of the transactions contemplated or financed by any of the
Loan Documents or out of any action or inaction by the Agent, any security
trustee or any Lender thereunder or any of their respective Affiliates,
officers, directors, agents or employees, except for liabilities, losses, costs
and expenses (x) caused by the gross negligence or willful misconduct of
the party seeking to be indemnified as determined by a final, nonappealable
judgment of a court of competent jurisdiction or (y) incurred by such
Affiliate to the extent any such liability, loss, cost or expense does not
directly relate to or arise from the transactions contemplated by the Loan
Documents. The provisions of this Section 11.5 and the protective
provisions of Section 2 hereof shall survive payment of the Obligations.

     Section 11.6.
Stamp Taxes. The Borrowers
agree that they will pay any documentary, stamp or similar taxes payable in
respect to this Agreement or any other Loan Document, including interest and
penalties, in the event any such taxes are assessed, irrespective of when such
assessment is made and whether or not any credit to it is then in use or
available.

     Section 11.7.
Survival of Representations and Indemnities. All representations
and warranties made herein or in any of the other Loan Documents or in
certificates given pursuant hereto or thereto shall survive the execution and
delivery of this Agreement and the other Loan Documents, and shall continue in
full force and effect with respect to the date as of which they were made as
long as any credit is in use or available hereunder. All indemnities and other
provisions relative to reimbursement to the Agent, the Issuers and the Lenders
of amounts 

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sufficient to protect the
yield of the Agent, the Issuers and the Lenders with respect to the Loans and
Letters of Credit, shall survive the termination of this Agreement and the
payment of the Obligations.

     Section 11.8.
Construction. The parties
hereto acknowledge and agree that this Agreement shall not be construed more
favorably in favor of one than the other based upon which party drafted the
same, it being acknowledged that all parties hereto contributed substantially
to the negotiation and preparation of this Agreement.

     Section 11.9.
Notices. Except as otherwise specified herein, all notices
hereunder and under the other Loan Documents shall be in writing (including,
without limitation, notice by telecopy) and shall be given to the relevant
party at its address or telecopier number set forth below, or such other
address or telecopier number as such party may hereafter specify by notice to
the Agent and the Company given by courier, by United States certified or
registered mail, by telecopy or by other telecommunication device capable of
creating a written record of such notice and its receipt. Notices under the
Loan Documents to the Agent, any Lender or Issuer shall be addressed to its
address or telecopier number set forth on its Administrative Questionnaire or
such other addressed as shall be designated by such party in a written notice
given to each other party pursuant to this Section 11.9; and notices under the
Loan Documents to any Borrower shall be addressed to the Company at 301 Merritt
Seven Corporate Park, Norwalk, Connecticut, 06851, Attention: Chief Executive
Officer, Telecopy: (203) 849-7850. Each such notice, request or other
communication shall be effective (i) if given by telecopier, when such
telecopy is transmitted to the telecopier number specified in this Section or
in the relevant Administrative Questionnaire and a confirmation of such
telecopy has been received by the sender, (ii) if given by mail, seven
days after such communication is deposited in the mail, certified or registered
with return receipt requested, addressed as aforesaid or (iii) if given by
any other means, when delivered at the addresses specified in this Section or
in the relevant Administrative Questionnaire; provided that any
notice given pursuant to Section 1 hereof shall be effective only upon
receipt. Upon the Company’s request, the Agent shall provide the Company with a
copy of each Lender’s Administrative Questionnaire within two Business Days of
Company’s request therefor.

     Section
11.10. Obligations Several. The obligations
of the Lenders hereunder are several and not joint. Nothing contained in this
Agreement and no action taken by the Lenders pursuant hereto shall be deemed to
constitute the Lenders a partnership, association, joint venture or other
entity.

     Section 11.11.
Headings. Article and
Section headings used in this Agreement are for convenience of reference only
and are not a part of this Agreement for any other purpose.

     Section 11.12.
Severability of Provisions. Any provision of
this Agreement which is unenforceable in any jurisdiction shall, as to such
jurisdiction, be ineffective to the extent of such unenforceability without
invalidating the remaining provisions hereof or affecting the validity or
enforceability of such provision in any other jurisdiction. All rights,
remedies and powers provided in this Agreement and other Loan Documents may be
exercised only to the extent that the exercise thereof does not violate any
applicable mandatory provisions of law, and all the 

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provisions of this
Agreement and other Loan Documents are intended to be subject to all applicable
mandatory provisions of law which may be controlling and to be limited to the
extent necessary so that they will not render this Agreement or other Loan
Documents invalid or unenforceable.

     Section 11.13.
Counterparts. This Agreement
may be executed in any number of counterparts, and by different parties hereto
on separate counterparts, and all such counterparts taken together shall be
deemed to constitute one and the same instrument.

     Section 11.14.
Binding Nature and Governing Law. This Agreement
shall be binding upon the Borrowers and their successors and assigns, and shall
inure to the benefit of the Lenders and the benefit of their successors and
assigns, including any subsequent holder of an interest in the Obligations.
This Agreement and the rights and duties of the parties hereto shall be
construed and determined in accordance with, and shall be governed by the
internal laws of the State of Illinois without regard to principles of
conflicts of law. No Borrower may assign its rights or obligations hereunder
without the written consent of all of the Lenders.

     Section 11.15.
Entire Understanding. This Agreement,
together with the other Loan Documents and any agreements between the Company
and the Agent concerning fees, constitute the entire understanding of the
parties with respect to the subject matter hereof and any prior agreements,
whether written or oral, with respect thereto are superseded hereby.

     Section 11.16.
Participations. Each Lender shall
have the right at its own cost to grant participations (to be evidenced by one
or more agreements or certificates of participation) in the Loans made and
Reimbursement Obligations and/or Total Commitments held by such Lender at any
time and from time to time to one or more other Persons; provided that no such
participation shall relieve any Lender of any of its obligations under this
Agreement, and, provided, further that no such participant shall have any
rights under this Agreement except as provided in this Section, and the Agent
shall have no obligation or responsibility to such participant. Any agreement
pursuant to which such participation is granted shall provide that the granting
Lender shall retain the sole right and responsibility to enforce the
obligations of the Borrowers under this Agreement and the other Loan Documents
including, without limitation, the right to approve any amendment, modification
or waiver of any provision of the Loan Documents, except that such agreement
may provide that such Lender will not agree to any modification, amendment or
waiver of the Loan Documents that would reduce the amount of or postpone any
fixed date for payment of any Obligation in which such participant has an
interest. Any party to which such a participation has been granted shall have
the benefits of Section 2.5 and Section 2.8 hereof.

     Section 11.17.
Assignments. (a) Any
Lender may at any time assign to one or more Eligible Assignees all or a
portion of such Lender’s rights and obligations under this Agreement (including
all or a portion of its Total Commitment and the Loans at the time owing to
it); provided
that any such assignment shall be subject to the following conditions:

	
  

 	
  

 	
  

 
	
  

 	
           (i)
 Minimum
 Amounts. (A) In the case of an assignment of the entire
 remaining amount of the assigning Lender’s Total Commitment and the Loans and
 participation interest in L/C Obligations at the time owing to it or in
 the case of an 

 

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 assignment to a Lender,
 an Affiliate of a Lender or an Approved Fund, no minimum amount need be
 assigned; and (B) in any case not described in subsection (a)(i)(A) of
 this Section, the aggregate amount of the Total Commitment (which for this
 purpose includes Loans and participation interest in L/C Obligations
 outstanding thereunder) or, if the applicable Total Commitment is not then in
 effect, the principal outstanding balance of the Loans and participation
 interest in L/C Obligations of the assigning Lender subject to each such
 assignment (determined as of the date the Assignment and Acceptance with
 respect to such assignment is delivered to the Agent or, if “Effective Date”
 is specified in the Assignment and Acceptance, as of the Effective Date)
 shall not be less than $5,000,000, unless each of the Agent and, so long as
 no Event of Default has occurred and is continuing, the Company otherwise consents
 (each such consent not to be unreasonably withheld or delayed);

 
	
  

 	
  

 	
  

 
	
  

 	
           (ii)
 Proportionate
 Amounts. Each partial assignment shall be made as an assignment of
 a proportionate part of all the assigning Lender’s rights and obligations
 under this Agreement with respect to the Loan or the Total Commitment
 assigned, except that this clause (ii) shall not prohibit any Lender
 from assigning all or a portion of its rights and obligations among separate
 Credits on a non-pro rata basis.

 
	
  

 	
  

 	
  

 
	
  

 	
           (iii)
 Required
 Consents. No consent shall be required for any assignment except
 to the extent required by Section 11.17(a)(i)(B) and, in addition:

 
	
  

 	
  

 	
  

 
	
  

 	
  

 	
           (a)
 the consent of the Company (such consent not to be unreasonably withheld or
 delayed) shall be required unless (x) an Event of Default has
 occurred and is continuing at the time of such assignment or (y) such
 assignment is to a Lender, an Affiliate of a Lender or an Approved Fund; provided,
 the Company shall be deemed to have consented to any such assignment unless
 it shall object thereto by written notice to the Agent within five (5)
 Business Days after having received written notice thereof;

 
	
  

 	
  

 	
  

 
	
  

 	
  

 	
           (b)
 the consent of the Agent (such consent not to be unreasonably withheld or
 delayed) shall be required for assignments in respect of the Revolving
 Credit if such assignment is to a Person that is not a Lender with a Total
 Commitment in respect of such facility, an Affiliate of such Lender or an
 Approved Fund with respect to such Lender;

 
	
  

 	
  

 	
  

 
	
  

 	
  

 	
           (c)
 the consent of the Issuers (such consent not to be unreasonably withheld or
 delayed) shall be required for any assignment that increases the obligation
 of the assignee to participate in exposure under one or more Letters of
 Credit (whether or not then outstanding); and

 
	
  

 	
  

 	
  

 
	
  

 	
  

 	
           (d)
 the consent of the Swing Line Lender (such consent not to be unreasonably
 withheld or delayed) shall be required for any assignment that increases the
 obligation of the assignee to participate in exposure under one or more Swing
 Loans (whether or not then outstanding).

 

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           (iv)
 Assignment
 and Acceptance. The parties to each assignment shall execute and
 deliver to the Agent an Assignment and Acceptance, together with a processing
 and recordation fee of $3,500, and the assignee, if it is not a Lender, shall
 deliver to the Agent an Administrative Questionnaire.

 
	
  

 	
  

 
	
  

 	
           (v)
 No
 Assignment to any Borrower or Subsidiary. No such assignment shall
 be made to the Borrowers or any of their Affiliates or Subsidiaries.

 
	
  

 	
  

 
	
  

 	
           (vi)
 No
 Assignment to Natural Persons. No such assignment shall be made to
 a natural person.

 

Subject to acceptance and
recording thereof by the Agent pursuant to Section 11.17(b) hereof, from
and after the effective date specified in each Assignment and Acceptance, the
assignee thereunder shall be a party to this Agreement and, to the extent of
the interest assigned by such Assignment and Acceptance, 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
Acceptance, be released from its obligations under this Agreement (and, in the
case of an Assignment and Acceptance 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 11.5 and 11.7 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 Section shall be treated for purposes of this Agreement as a sale by such
Lender of a participation in such rights and obligations in accordance with
Section 11.16 hereof.

          (b)
Register.
The Agent, acting solely for this purpose as an agent of the Borrowers, shall
maintain at one of its offices in Chicago, Illinois, a copy of each Assignment
and Acceptance delivered to it and a register for the recordation of the names
and addresses of the Lenders, and the Total 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 Borrowers, the 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 Borrowers and any Lender,
at any reasonable time and from time to time upon reasonable prior notice.

          (c)
Any Lender may at any time pledge or grant a security interest in all or any
portion of its rights under this Agreement to secure obligations of such
Lender, including any such pledge or grant to a Federal Reserve Bank, and this
Section shall not apply to any such pledge or grant of a security interest; provided
that no such pledge or grant of a security interest shall release a Lender from
any of its obligations hereunder or substitute any such pledgee or secured
party for such Lender as a party hereto; provided further, however, the right of
any such pledgee or grantee (other than any Federal Reserve Bank) to further
transfer all or any portion of the rights pledged or granted to it, whether by
means of foreclosure or otherwise, shall be at all times subject to the terms
of this Agreement.

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          (d)
Notwithstanding anything to the contrary herein, if at any time the Swing Line
Lender assigns all of its Total Commitments and Revolving Loans pursuant to
subsection (a) above, the Swing Line Lender may terminate the Swing Line. In
the event of such termination of the Swing Line, the Company shall be entitled
to appoint another Lender to act as the successor Swing Line Lender hereunder
(with such Lender’s consent); provided, however, that the failure of the
Company to appoint a successor shall not affect the resignation of the Swing
Line Lender. If the Swing Line Lender terminates the Swing Line, it shall
retain all of the rights of the Swing Line Lender provided hereunder with
respect to Swing Loans made by it and outstanding as of the effective date of
such termination, including the right to require Lenders to make Revolving
Loans or fund participations in outstanding Swing Loans pursuant to
Section 1.7 hereof.

     Section 11.18. Terms of Collateral Documents not Superseded. Subject to
Section 10.7 hereof, nothing contained herein shall be deemed or construed
to permit any act or omission which is prohibited by the terms of any
Collateral Document, the covenants and agreements contained herein being in
addition to and not in substitution for the covenants and agreements contained
in the Collateral Documents.

     Section 11.19.
PERSONAL JURISDICTION and Jury Trial Waivers.

          (a)
EXCLUSIVE JURISDICTION.
Except as provided in subsection (b),
the Agent, the Lenders and the Borrowers agree that all disputes
among them arising out of,
connected with, related to, or
incidental to the
relationship established among them in connection
with this Agreement,
and whether arising
in contract, tort,
equity, or otherwise, shall be
resolved only by (and each of
them for the benefit of the others hereby irrevocably submits to the
jurisdiction of) the state
or federal courts located in Cook County, Illinois, but each of
the Agent, the Lenders and the Borrowers acknowledge that
any appeals from those courts
may have to be heard
by A court located outside of Cook County, Illinois. The Borrowers waive in all disputes
any objection that they may
have to the location of the court considering
the dispute.

          (b)

OTHER JURISDICTIONS.
The Borrowers agree
that the Agent, and each
of the Lenders shall have
the right to proceed against the Borrowers or their Property (“Property”)
in A court in any location
or jurisdiction to enable
the Agent or any Lender
to realize on Property, or to enforce A judgment or other court
order entered in favor of
the Agent or any Lender
and, without prejudice to the generality of the foregoing, each Borrower agrees
that the Agent or any Lender shall be entitled to commence proceedings (whether
for the purpose of obtaining or enforcing any order or judgment or otherwise
howsoever) in the courts of the jurisdictions where such Borrower or any of its
Property is located. 

          (c) Jury Trial Waiver. The Borrowers, the Agent, and each Lender hereby
irrevocably waives any and all right to trial by jury in any legal proceeding
arising out of or relating to any Loan Document or the transactions
contemplated thereby.

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     Section 11.20.
Currency.
Each reference in this Agreement to U.S. Dollars or to an Alternative
Currency (the “relevant currency”) is of the essence. To the fullest
extent permitted by law, the obligation of each Borrower in respect of any
amount due in the relevant currency under this Agreement or any Loan Document
shall, notwithstanding any payment in any other currency (whether pursuant to a
judgment or otherwise), be discharged only to the extent of the amount in the
relevant currency that the Agent, Issuer or Lender entitled to receive such
payment may, in accordance with normal banking procedures, purchase with the
sum paid in such other currency (after any premium and costs of exchange) on
the Business Day immediately following the day on which such party receives
such payment. If the amount in the relevant currency so purchased for any
reason falls short of the amount originally due in the relevant currency, the
Borrowers shall pay such additional amounts, in the relevant currency, as may
be necessary to compensate for the shortfall. Any obligations of the Borrowers
not discharged by such payment shall, to the fullest extent permitted by
applicable law, be due as a separate and independent obligation and, until
discharged as provided herein, shall continue in full force and effect.

     Section 11.21.
Currency Equivalence.
If for the purposes of obtaining judgment in any court it is necessary to
convert a sum due from any Borrower on the Obligations in the currency
expressed to be payable herein or in an Application or under any other Loan
Documents (the “specified currency”) into another currency, the parties
agree that the rate of exchange used shall be that at which in accordance with
normal banking procedures the Agent could purchase the specified currency with
such other currency on the Business Day preceding that on which final judgment
is given. The obligation of each Borrower in respect of any such sum due to the
Agent, any Issuer or any Lender on the Obligations shall, notwithstanding any
judgment in a currency other than the specified currency, be discharged only to
the extent that on the Business Day following receipt by the Agent, such Issuer
or such Lender, as applicable, of any sum adjudged to be so due in such other
currency, the Agent, such Issuers or such Lender, as applicable, may in
accordance with normal banking procedures purchase the specified currency with
such other currency. If the amount of the specified currency so purchased is
less than the sum originally due to the Agent, such Issuers or such Lender in
the specified currency, the Borrowers agree, as a separate obligation and
notwithstanding any such judgment, to indemnify the Agent, such Issuers or such
Lender, as the case may be, against such loss, and if the amount of the
specified currency so purchased exceeds the amount originally due to the Agent,
such Issuer or such Lender in the specified currency, the Agent, such Issuer or
such Lender, as the case may be, agrees to remit such excess to the Borrowers.

     Section 11.22.
Change in Currency. (a) If
more than one currency or currency unit are at the same time recognized by the
central bank of any country as the lawful currency of that country,
(i) any reference in any Loan Documents to, and any obligations arising
under any Loan Documents in, the currency of that country shall be translated
into, and paid in, the currency or currency unit designated by the Agent, after
consultation with the Borrowers and the Lenders and (ii) any translation
from one currency or currency unit to another shall be at the official rate of
exchange recognized by the central bank of that country for the conversion of
that currency or currency unit into the other, rounded up or down by the Agent,
acting reasonably.

          (b)
If a change in any currency of a country occurs, the Loan Documents will, to
the extent the Agent (acting reasonably) specifies is necessary, be amended to
comply with any 

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generally accepted
conventions and market practice in any relevant interbank market and otherwise
to reflect the change in currency and, if there is no generally accepted convention
or market practice, or the Agent considers, in its absolute discretion, that
there is no generally accepted convention or market practice, in such manner
and to such extent as the Agent specifies. The Agent will notify the other
parties to the relevant Loan Documents of any such amendment, which shall be
binding on all the parties to that Loan Document.

          (c)
The Borrowers shall, from time to time immediately on demand by the Agent, pay
to the Agent for the account of any Lender the amount of any costs or increased
costs incurred by, or of any reduction in any amount payable to or in the
effective return on its capital pursuant to, or of interest or other return
foregone by, such Lender or any holding company of such Lender as a result of
any change in the currency of a country.

     Section 11.23.
Interest Rate Limitation. Notwithstanding anything herein
to the contrary, if at any time the interest rate applicable to any Loan to any
Borrower, together with all fees, charges and other amounts which are treated
as interest on such Loan under applicable law (collectively, the “Charges”),
shall exceed the maximum lawful rate permitted by applicable law (the “Maximum
Rate”) which may be contracted for, charged, taken, received or
reserved by any one or more of the Lenders holding such Loan in accordance with
applicable law, the rate of interest payable in respect of such Loan hereunder,
together with all Charges payable in respect thereof, shall be limited to the
Maximum Rate and, to the extent lawful, the interest and Charges that would
have been payable with respect to such Loan but were not payable as a result of
the operation of this Section 11.23 shall be cumulated and the interest
and Charges payable to such Lender or Lenders in respect of other Loans shall
be increased (but not above the Maximum Rate therefor) until such cumulated
amount, together with interest thereon at the rate set out herein, to the date
of repayment, shall be have been received by such Lender or Lenders.

     Section 11.24.
USA Patriot Act. Each Lender and Issuer that is subject to
the requirements of the USA Patriot Act hereby notifies the Borrowers that
pursuant to the requirements of such Act, it is required to obtain, verify, and
record information that identifies the Borrowers, which information includes
the name and address of the Borrowers and other information that will allow
such Lender or Issuer to identify the Borrowers in accordance with the USA
Patriot Act.

     Section 11.25. Confidentiality. Each of the
Agent, the Lenders and the Issuers severally agrees to maintain the
confidentiality of the Information (as defined below), except that Information
may be disclosed (a) to its and its Affiliates’ directors, officers,
employees and agents, including accountants, legal counsel and other advisors
to the extent any such Person has a need to know such Information (it being
understood that the Persons to whom such disclosure is made will first be
informed of the confidential nature of such Information and instructed to keep
such Information confidential), (b) to the extent requested by any
regulatory authority (including any self-regulatory authority, such as the
National Association of Insurance Commissioners), (c) to the extent
required by applicable laws or regulations or by any subpoena or similar legal
process, (d) to any other party hereto, (e) in connection with the
exercise of any remedies hereunder or under any other Loan Document or any suit,
action or proceeding relating to this Agreement or any other Loan Document or
the enforcement of rights hereunder or thereunder, (f) subject to an
agreement containing provisions substantially the same as those of 

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this Section, to
(A) any assignee of or participant in, or any prospective assignee of or
participant in, any of its rights or obligations under this Agreement; provided,
however, that under no circumstances shall Information be disclosed
to a participant or prospective participant whose primary business is in direct
competition with the business of the Company and its Subsidiaries or
(B) any actual or prospective counterparty (or its advisors) to any swap
or derivative transaction relating to the Company or any of its Subsidiary and
its obligations, (g) with the prior written consent of the Company,
(h) to the extent such Information (A) becomes publicly available
other than as a result of a breach of this Section or (B) becomes
available to the Agent, any Lender or L/C Issuer on a non-confidential basis
from a source other than the Borrower or any of its Subsidiaries or any of
their directors, officers, employees or agents, including accountants, legal
counsel and other advisors, (i) with the prior consent of the Company, to
rating agencies if requested or required by such agencies in connection with a
rating relating to the Loans or Total Commitments hereunder, or (j) to
entities which compile and publish information about the syndicated loan
market, provided
that only basic information about the pricing and structure of the transaction
evidenced hereby may be disclosed pursuant to this subsection (j). For purposes of this Section, “Information”
means all information received from any Borrower or any Subsidiary or from any
other Person on behalf of the Borrowers or Subsidiaries relating to any
Borrower or Subsidiary or any of their respective businesses, other than any
such information that is available to the Agent, any Lender or Issuer on a
nonconfidential basis prior to disclosure by any Borrower or Subsidiary or from
any other Person on behalf of the Company or any of its Subsidiaries.

     Section 11.26.
Amendment and Restatement. This Agreement amends and
restates the Existing Credit Agreement and is not intended to be or operate as
a novation or an accord and satisfaction of the Existing Credit Agreement or
the Obligations of the Borrowers evidenced or provided for thereunder. Without
limiting the generality of the foregoing, the Borrowers agree that
notwithstanding the execution and delivery of this Agreement and the Security
Agreement, the Liens previously granted to the Collateral Agent pursuant to the
Collateral Documents shall be and remain in full force and effect and that any
rights and remedies of the Agent thereunder and obligations of the Borrowers
and the Guarantors thereunder shall be and remain in full force and effect,
shall not be affected, impaired or discharged thereby and shall secure all of
the Borrowers’ and the Guarantors’ indebtedness, Obligations and liabilities to
the Agent and the Lenders under the Existing Credit Agreement as amended and
restated hereby. Nothing herein contained shall in any manner affect or impair
the priority of the Liens created and provided for by the Collateral Documents
as to the indebtedness, Obligations and liabilities that would be secured
thereby prior to giving effect hereto.

     Section 11.27.
Removal of Lenders and Assignment of Interests; Equalization of Loans.
(a) Removal
of Lenders and Assignment of Interests. Each of the Lenders listed
under the heading “Departing Lenders”, as Departing Lenders, hereby agrees to
sell and assign without representation, recourse, or warranty (except that each
Departing Lender represents it has authority to execute and deliver this
Agreement and sell its Obligations contemplated hereby, which Obligations are
owned by such Departing Lender free and clear of all Liens), and upon the
satisfaction of the conditions precedent set forth in Section 6.2 hereof
the Lenders hereby agree to purchase, 100% of such Departing Lender’s
outstanding Obligations under the Existing Credit Agreement and the Loan Documents
(including, without limitation, all of the Obligations held by 

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such Departing Lender,
together with all of its interests in outstanding Letters of Credit) for a
purchase price equal to the outstanding principal balance of Loans and accrued
but unpaid interest and fees owed to such Departing Lender under the Existing
Credit Agreement as of the Closing Date, which purchase price shall be paid in
immediately available funds on the Closing Date. Such purchases and sales shall
be arranged through the Agent and each Departing Lender hereby agrees to
execute such further instruments and documents, if any, as the Agent may
reasonably request in connection therewith. Upon the execution and delivery of
this Agreement by the Departing Lenders, the Lenders, and the Borrowers and the
payment of the Obligations owing to the Departing Lenders, each Departing
Lender shall cease to be a Lender under the Credit Agreement and the other Loan
Documents and (i) the Lenders shall have the rights of the Departing
Lenders thereunder subject to the terms and conditions hereof and
(ii) each Departing Lender shall have relinquished its rights (other than
rights to indemnification and reimbursements referred to in the Existing Credit
Agreement which survive the repayment of the Obligations owed to such Departing
Lender in accordance with its terms, including Section 11.5 and 11.7 thereof)
and be released from their obligations under the Existing Credit Agreement. The
parties hereto agree that, except as provided for in the preceding sentence,
all references in the Loan Documents to the Lenders or any Lender shall from
and after the date hereof no longer include the Departing Lenders. 

          (b)
Equalization
of Loans. Upon the satisfaction of the conditions precedent set
forth in Section 6.2 hereof, all loans and letters of credit outstanding
under the Existing Credit Agreement shall remain outstanding as the initial
Borrowing of Loans and Letters of Credit under this Agreement and, in
connection therewith, the Borrowers shall be deemed to have prepaid all
outstanding Eurodollar Loans on the Closing Date. On the Closing Date, the
Lenders each agree to make such purchases and sales of interests in the
outstanding Loans and interests in outstanding Letters of Credit between
themselves so that each Lender is then holding its relevant Percentage of
outstanding Loans and L/C Obligations. Such purchases and sales shall be
arranged through the Agent and each Lender hereby agrees to execute such
further instruments and documents, if any, as the Agent may reasonably request
in connection therewith.

     Section 11.28.
Sharing of Set-Off. Each Lender agrees with each other Lender a
party hereto that if such Lender shall receive and retain any payment, whether
by set-off or application of deposit balances or otherwise, on any of the Loans
or Reimbursement Obligations in excess of its ratable share of payments on all
such Obligations then outstanding to the Lenders, then such Lender shall
purchase for cash at face value, but without recourse, ratably from each of the
other Lenders such amount of the Loans or Reimbursement Obligations, or
participations therein, held by each such other Lenders (or interest therein)
as shall be necessary to cause such Lender to share such excess payment ratably
with all the other Lenders; provided, however, that if any such
purchase is made by any Lender, and if such excess payment or part thereof is
thereafter recovered from such purchasing Lender, the related purchases from
the other Lenders shall be rescinded ratably and the purchase price restored as
to the portion of such excess payment so recovered, but without interest. For
purposes of this Section, amounts owed to or recovered by the Issuer in
connection with Reimbursement Obligations in which Lenders have been required
to fund their participation shall be treated as amounts owed to or recovered by
the Issuer as a Lender hereunder.

-88-

     Section 11.29.
Set-off. In addition to any rights now or hereafter granted
under the Loan Documents or applicable law and not by way of limitation of any
such rights, upon the occurrence of any Event of Default, each Lender, each
Issuer, each subsequent holder of any Obligation, and each of their respective
affiliates, is hereby authorized by the Borrowers at any time or from time to
time, without notice to any Borrower, any Guarantor or to any other Person, any
such notice being hereby expressly waived, to set-off and to appropriate and to
apply any and all deposits (general or special, including, but not limited to,
indebtedness evidenced by certificates of deposit, whether matured or
unmatured, and in whatever currency denominated, but not including trust
accounts) at any time held or owing by that Lender, Issuer, subsequent holder,
or affiliate, to or for the credit or the account of such Borrower or
Guarantor, whether or not matured, against and on account of the Obligations or
any other indebtedness of such Borrower or Guarantor to that Lender, Issuer, or
subsequent holder under the Loan Documents, including, but not limited to, all
claims of any nature or description arising out of or connected with the Loan
Documents, irrespective of whether or not (a) that Lender, Issuer, or
subsequent holder shall have made any demand hereunder or (b) the
principal of or the interest on the Loans and other amounts due hereunder shall
have become due and payable pursuant to Section 8 and although said
obligations and liabilities, or any of them, may be contingent or unmatured.

[SIGNATURE PAGES TO FOLLOW]

-89-

          Upon
your acceptance hereof in the manner hereinafter set forth, this Agreement
shall be a contract between us for the purposes hereinabove set forth.

          Dated
as of the date first written above. 

	
  

 	
  

 	
  

 	
  

 
	
  

 	
 EMCOR GROUP, INC.

 
	
  

 	
  

 	
  

 
	
  

 	
 By 

 	
 /s/ Anthony J. Guzzi

 
	
  

 	
  

 	

 

 
	
  

 	
  

 	
 Name:

 	
 Anthony J. Guzzi

 
	
  

 	
  

 	
 Title:

 	
 President and

 
	
  

 	
  

 	
  

 	
 Chief Executive Officer

 
	
  

 	
  

 	
  

 	
  

 
	
  

 	
 EMCOR GROUP (UK) plc.

 
	
  

 	
 By 

 	
 /s/ Anthony J. Guzzi

 
	
  

 	
  

 	

 

 
	
  

 	
  

 	
 Name:

 	
 Anthony J. Guzzi

 
	
  

 	
  

 	
 Title:

 	
 Director

 

S-1

          Accepted
and Agreed to at Chicago, Illinois as of the day and year last above written.

	
  

 	
  

 	
  

 	
  

 
	
  

 	
 BANK OF MONTREAL, as Agent, an Issuer
 and a Lender

 
	
  

 	
  

 	
  

 	
  

 
	
  

 	
 By 

 	
 /s/ John A. Armstrong

 
	
  

 	
  

 	

 

 
	
  

 	
  

 	
 Name: John A. Armstrong

 
	
  

 	
  

 	
 Title: Director

 
	
  

 	
  

 	
  

 
	
  

 	
 BMO HARRIS
 BANK N.A. (formerly known as Harris N.A.), as an Issuer of an Existing L/C

 
	
  

 	
  

 	
  

 	
  

 
	
  

 	
 By 

 	
 /s/ John A. Armstrong

 
	
  

 	
  

 	

 

 
	
  

 	
  

 	
 Name: John A. Armstrong

 
	
  

 	
  

 	
 Title: Director

 

S-2

	
  

 	
  

 	
  

 	
  

 
	
  

 	
 BANK OF AMERICA, N.A.

 
	
  

 	
  

 
	
  

 	
 By 

 	
 /s/ Ashish Arora

 
	
  

 	
  

 	

 

 
	
  

 	
  

 	
 Name:

 	
 Ashish Arora

 
	
  

 	
  

 	
 Title:

 	
 Senior Vice President

 

S-3

	
  

 	
  

 	
  

 	
  

 
	
  

 	
 JPMORGAN CHASE BANK, N.A.

 
	
  

 	
  

 
	
  

 	
 By 

 	
 /s/ Tim Veitenahus

 
	
  

 	
  

 	

 

 
	
  

 	
  

 	
 Name:

 	
 Tim Veitenahus

 
	
  

 	
  

 	
 Title:

 	
 Senior Underwriter

 

S-4

	
  

 	
  

 	
  

 	
  

 
	
  

 	
 U.S. BANK, NATIONAL ASSOCIATION

 
	
  

 	
  

 	
  

 	
  

 
	
  

 	
 By 

 	
 /s/ Michael P. Dickman

 
	
  

 	
  

 	

 

 
	
  

 	
  

 	
 Name:

 	
 Michael P. Dickman

 
	
  

 	
  

 	
 Title:

 	
 Vice President

 

S-5

	
  

 	
  

 	
  

 	
  

 
	
  

 	
 FIFTH THIRD BANK

 
	
  

 	
  

 
	
  

 	
 By 

 	
 /s/ Garland F. Robeson IV

 
	
  

 	
  

 	

 

 
	
  

 	
  

 	
 Name:

 	
 Garland F. Robeson IV

 
	
  

 	
  

 	
 Title:

 	
 Assistant Vice President

 

S-6

	
  
 	
  
 	
  
 	
  
 
	
  
 	
 LLOYDS TSB BANK PLC
 
	
  
 	
  
 	
  
 	
  
 
	
  
 	
 By 
 	
 /s/ Jonathan Eng
 
	
  
 	
  
 	

 
 
	
  
 	
  
 	
 Name:
 	
 Jonathan Eng
 
	
  
 	
  
 	
 Title:
 	
 Vice President
 
	 	 	 	 
	 
	By 
	/s/ Charles Foster

	 
	 
	

   
	 
	 
	Name:
	Charles Foster

	 
	 
	Title:
	Managing Director

	 	 	 	 

S-7

	
  

 	
  

 	
  

 	
  

 
	
  

 	
 PNC BANK, NATIONAL ASSOCIATION

 
	
  

 	
  

 
	
  

 	
 By 

 	
 /s/ Gerald Witte

 
	
  

 	
  

 	

 

 
	
  

 	
  

 	
 Name:

 	
 Gerald Witte

 
	
  

 	
  

 	
 Title:

 	
 Senior Vice President

 

S-8

	
  

 	
  

 	
  

 	
  

 
	
  

 	
 WELLS FARGO BANK, N.A.

 
	
  

 	
  

 
	
  

 	
 By 

 	
 /s/ Barbara A. Keegan

 
	
  

 	
  

 	

 

 
	
  

 	
  

 	
 Name:

 	
 Barbara A. Keegan

 
	
  

 	
  

 	
 Title:

 	
 Senior Vice President

 

S-9

	
  

 	
  

 	
  

 	
  

 
	
  

 	
 RBS CITIZENS, N.A.

 
	
  

 	
  

 
	
  

 	
 By 

 	
 /s/ Peter M. Benham

 
	
  

 	
  

 	

 

 
	
  

 	
  

 	
 Name:

 	
 Peter M. Benham

 
	
  

 	
  

 	
 Title: 

 	
 Senior Vice President

 

S-10

	
  

 	
  

 	
  

 	
  

 
	
  

 	
 BRANCH BANKING AND TRUST COMPANY

 
	
  

 	
  

 
	
  

 	
 By 

 	
 /s/ Roger Eric Searls

 
	
  

 	
  

 	

 

 
	
  

 	
  

 	
 Name:

 	
 Roger Eric Searls

 
	
  

 	
  

 	
 Title:

 	
 Vice President

 

S-11

	
  

 	
  

 	
  

 	
  

 
	
  

 	
 THE NORTHERN TRUST COMPANY

 
	
  

 	
  

 
	
  

 	
 By 

 	
 /s/ Peter Hallan

 
	
  

 	
  

 	

 

 
	
  

 	
  

 	
 Name:

 	
 Peter Hallan

 
	
  

 	
  

 	
 Title:

 	
 Vice President

 

S-12

	
  

 	
  

 	
  

 	
  

 
	
  

 	
 FIRST NIAGARA BANK, N.A.

 
	
  

 	
  

 
	
  

 	
 By 

 	
 /s/ Dante Fazzina

 
	
  

 	
  

 	

 

 
	
  

 	
  

 	
 Name:

 	
 Dante Fazzina

 
	
  

 	
  

 	
 Title:

 	
 Vice President

 

S-13

	
  

 	
  

 	
  

 	
  

 
	
  

 	
 WEBSTER BANK, NA

 
	
  

 	
  

 
	
  

 	
 By 

 	
 /s/ Matthew O. Riley

 
	
  

 	
  

 	

 

 
	
  

 	
  

 	
 Name:

 	
 Matthew O. Riley

 
	
  

 	
  

 	
 Title:

 	
 Senior Vice President

 

S-14

	
  

 	
  

 	
  

 	
  

 
	
  

 	
 TD BANK, N.A.

 
	
  

 	
  

 
	
  

 	
 By 

 	
 /s/ Alan Garson

 
	
  

 	
  

 	

 

 
	
  

 	
  

 	
 Name:

 	
 Alan Garson

 
	
  

 	
  

 	
 Title:

 	
 Senior Vice President

 

S-15

	
  
 	
  
 	
  
 	
  
 
	
  
 	
  “DEPARTING
 LENDERS”
 
	
  
 	
  
 	
  
 	
  
 
	
  
 	
 SIEMENS FINANCIAL SERVICES, INC.
 
	
  
 	
  
 
	
  
 	
 By 
 	
 /s/ Maria Levy
 
	
  
 	
  
 	

 
 
	
  
 	
  
 	
 Name:
 	
 Maria Levy
 
	
  
 	
  
 	
 Title:
 	
 Managing Director
 
	
  
 	
  
 	
  
 	
  
 
	 
	By 
	/s/ Anthony Casciano

	 
	 
	
   
	 
	 
	Name:
	Anthony Casciano

	 
	 
	Title:
	Senior Vice President

	 
	 
	 
	 

	
  
 	
 RZB FINANCE LLC
 
	
  
 	
  
 
	
  
 	
 By 
 	
 /s/ John A. Valiska
 
	
  
 	
  
 	

 
 
	
  
 	
  
 	
 Name:
 	
 John A. Valiska
 
	
  
 	
  
 	
 Title:
 	
 First Vice President
 
	 
	 

	 
	By 
	/s/ Shirley Ritch

	 
	 
	

   
	 
	 
	Name:
	Shirley Ritch

	 
	 
	Title:
	Vice President

	
  
 	
  
 	
  
 	
  
 
	
  
 	
 TORONTO DOMINION (NEW YORK) LLC
 
	
  
 	
  
 
	
  
 	
 By 
 	
 /s/ Robyn Zeller
 
	
  
 	
  
 	

 
 
	
  
 	
  
 	
 Name:
 	
 Robyn Zeller
 
	
  
 	
  
 	
 Title:
 	
 Vice President
 
	
  
 	
  
 	
  
 	
  
 
	
  
 	
 SOVEREIGN BANK
 
	
  
 	
  
 
	
  
 	
 By 
 	
 /s/ Robert D. Lanigan
 
	
  
 	
  
 	

 
 
	
  
 	
  
 	
 Name:
 	
 Robert D. Lanigan
 
	
  
 	
  
 	
 Title:
 	
 Senior Vice President
 

S-16

Exhibit A-1

Revolving Credit Note

November 21, 2011

          For value
received, the undersigned, _____________________, a ________________
corporation (“Borrower”), hereby promises to pay to the order of
________________________ ______________________ (the “Lender”), at the principal
office of Bank of Montreal in Chicago, Illinois, in the currency of each
Revolving Loan evidenced hereby in accordance with Section 1 of the Credit
Agreement, the aggregate unpaid principal amount of each Revolving Loans made
by the Lender to the Borrower pursuant to the Credit Agreement on the due date
therefore as specified in the Credit Agreement, together with interest on the
principal amount of each Revolving Loan from time to time outstanding hereunder
at the rates, and payable in the manner and on the dates specified in the
Credit Agreement.

          The Lender
shall record on its books or records or on a schedule attached to this Note,
which is a part hereof, each Revolving Loan made by it pursuant to the Credit
Agreement, any repayment of principal and interest and the principal balances
from time to time outstanding hereon, and the currency in which made, provided
that prior to the transfer of this Note all such amounts shall be recorded on a
schedule attached to this Note. The record thereof, whether shown on such books
or records or on a schedule to this Note, shall be prima facie evidence of the
same, provided, however, that the failure of the Lender to record any of the
foregoing or any error in any such record shall not limit or otherwise affect
the obligation of the Borrowers to repay all Revolving Loans made to them
pursuant to the Credit Agreement together with accrued interest thereon.

          This Note
is one of the Revolving Credit Notes referred to in the Third Amended and
Restated Credit Agreement dated as of November 21, 2011, among the
Borrowers, Bank of Montreal, as Agent, and the Lenders from time to time party
thereto (the “Credit Agreement”), and this Note and the holder hereof are
entitled to all the benefits provided for thereby or referred to therein, to
which Credit Agreement reference is hereby made for a statement thereof. All
defined terms used in this Note, except terms otherwise defined herein, shall
have the same meaning as in the Credit Agreement.

          This Note
is issued by the Borrower under the terms and provisions of the Credit
Agreement and is secured by the Collateral Documents, and this Note and the
holder hereof are entitled to all of the benefits and security provided for
thereby or referred to therein, to which reference is hereby made for a
statement thereof. This Note may be declared to be, or be and become, due prior
to its expressed maturity, voluntary prepayments may be made hereon, and
certain prepayments are required to be made hereon, all in the events, on the
terms and with the effects provided in the Credit Agreement.

          This Note
shall be construed in accordance with, and governed by, the internal laws of
the State of Illinois without regard to principles of conflicts of law.

A-1-1

          The
Borrower hereby promises to pay all costs and expenses (including attorneys’
fees) suffered or incurred by the holder hereof in collecting this Note or
enforcing any rights in any collateral herefor. The Borrower hereby waives
presentment for payment and demand.

	
  

 	
  

 	
  

 	
  

 
	
  

 	

 

 
	
  

 	
  

 	
  

 	
  

 
	
  

 	
 By

 	
  

 	
  

 
	
  

 	
  

 	

 

 
	
  

 	
  

 	
 Its

 	
  

 
	
  

 	
  

 	
  

 	

 

 

A-1-2

Exhibit A-2

Swing Note

November 21, 2011

          For value
received, the undersigned, EMCOR Group, Inc., a Delaware corporation (“Borrower”),
hereby promises to pay to the order of Bank of Montreal (the “Lender”),
at the principal office of Bank of Montreal in Chicago, Illinois, in the
currency of each Swing Loan evidenced hereby in accordance with Section 1
of the Credit Agreement, the aggregate unpaid principal amount of each Swing
Loans made by the Lender to the Borrower pursuant to the Credit Agreement on
the due date therefore as specified in the Credit Agreement, together with
interest on the principal amount of each Swing Loan from time to time
outstanding hereunder at the rates, and payable in the manner and on the dates
specified in the Credit Agreement.

          The Lender
shall record on its books or records or on a schedule attached to this Note,
which is a part hereof, each Swing Loan made by it pursuant to the Credit
Agreement, any repayment of principal and interest and the principal balances
from time to time outstanding hereon, and the currency in which made, provided
that prior to the transfer of this Note all such amounts shall be recorded on a
schedule attached to this Note. The record thereof, whether shown on such books
or records or on a schedule to this Note, shall be prima facie evidence of the
same, provided, however, that the failure of the Lender to record any of the
foregoing or any error in any such record shall not limit or otherwise affect
the obligation of the Borrowers to repay all Swing Loans made to them pursuant
to the Credit Agreement together with accrued interest thereon.

          This Note
is one of the Swing Notes referred to in the Third Amended and Restated Credit
Agreement dated as of November 21, 2011, among the Borrowers, Bank of
Montreal, as Agent, and the Lenders from time to time party thereto (the “Credit
Agreement”), and this Note and the holder hereof are entitled to all
the benefits provided for thereby or referred to therein, to which Credit
Agreement reference is hereby made for a statement thereof. All defined terms
used in this Note, except terms otherwise defined herein, shall have the same
meaning as in the Credit Agreement.

          This Note
is issued by the Borrower under the terms and provisions of the Credit
Agreement and is secured by the Collateral Documents, and this Note and the
holder hereof are entitled to all of the benefits and security provided for
thereby or referred to therein, to which reference is hereby made for a
statement thereof. This Note may be declared to be, or be and become, due prior
to its expressed maturity, voluntary prepayments may be made hereon, and
certain prepayments are required to be made hereon, all in the events, on the
terms and with the effects provided in the Credit Agreement.

          This Note
shall be construed in accordance with, and governed by, the internal laws of
the State of Illinois without regard to principles of conflicts of law.

A-2-1

          The
Borrower hereby promises to pay all costs and expenses (including attorneys’
fees) suffered or incurred by the holder hereof in collecting this Note or
enforcing any rights in any collateral herefor. The Borrower hereby waives
presentment for payment and demand.

	
  

 	
  

 	
  

 	
  

 
	
  

 	
 EMCOR GROUP, INC.

 
	
  

 	
  

 	
  

 	
  

 
	
  

 	
 By

 	
  

 	
  

 
	
  

 	
  

 	

 

 

 
	
  

 	
  

 	
 Its

 	
  

 
	
  

 	
  

 	
  

 	

 

 

 

A-2-2

Exhibit B

Form of Opinion of Counsel

November 21, 2011

	
  

 
	
 Bank of
 Montreal, as Agent

 
	
 111 West
 Monroe Street

 
	
 Chicago, IL
 60690 and

 
	
 Lenders from
 time to time party to

 
	
 the Amended
 and Restated

 
	
 Credit
 Agreement hereinafter identified

 

Ladies and Gentlemen:

          I am
Executive Vice President and General Counsel of EMCOR Group, Inc., a Delaware
corporation (the “Company”), and have acted as counsel to the Company and the
corporations, limited liability companies and limited partnerships listed on
Exhibit A hereto (the “Domestic Guarantors”, and collectively
with the Company, the “Organizations”) in connection with the
Third Amended and Restated Credit Agreement dated as of the date hereof (the “Credit
Agreement”) by and among the Company and certain of its subsidiaries
and Bank of Montreal (“BMO”), individually and as Agent, and the Lenders which
are or become parties thereto, pursuant to which a revolving credit facility is
being made available by you to the Company and EMCOR Group (UK) plc., a United
Kingdom public limited company (collectively, the “Borrowers”).

	
  

 	
  

 
	
  

 	
 This opinion is being delivered pursuant to Section 6.2(m) of the
 Credit Agreement. Capitalized terms used and not defined herein shall have
 the respective meanings assigned to such terms in the Credit Agreement.

 
	
  

 	
  

 
	
  

 	
 In connection with this opinion, I have reviewed the Credit
 Agreement; the form of Revolving Credit Note and Swing Note; [Insert
 description of the Loan Documents] (collectively, the “Loan
 Documents”).

 
	
  

 	
  

 
	
  

 	
 I have also
 reviewed and am familiar with:

 
	
  

 	
  

 
	
  

 	
           (i) a
 copy of the certificate of incorporation (or other similar organization
 document) of each Organization which is a corporation, certified by the
 Secretary, Clerk, Assistant Secretary or Assistant Clerk of such
 Organization;

 
	
  

 	
  

 
	
  

 	
           (ii) a
 copy of the certificate of formation (or other similar organization document)
 of each Domestic Guarantor which is a limited liability company, certified by
 Members, a Manager or the Assistant Secretary of each such Domestic
 Guarantor;

 

B-1

	
  

 	
  

 
	
  

 	
           (iii) a
 copy of the certificate of limited partnership of each Domestic Guarantor
 which is a limited partnership, certified by a general partner of each such
 Domestic Guarantor;

 
	
  

 	
  

 
	
  

 	
           (iv) a
 certificate (or the equivalent thereof), dated as of a date no earlier than
 30 days prior to the date hereof, as to the good standing and/or legal
 existence of each Organization issued by the Secretary of State of the state
 of such Organization’s organization provided such state issues such
 certificate or equivalent;

 
	
  

 	
  

 
	
  

 	
           (v) a
 copy of the by-laws of each Organization which is a corporation, certified by
 the Secretary or the Assistant Secretary or Clerk or Assistant Clerk of such
 Organization as being the by-laws of such Organization as in effect on the
 date hereof;

 
	
  

 	
  

 
	
  

 	
           (vi) a
 copy of the limited liability company agreement or operating agreement of
 each Domestic Guarantor which is a limited liability company, certified by
 Members, a Manager or the Assistant Secretary of each such Domestic Guarantor
 as being the limited liability company agreement or operating agreement of
 such Domestic Guarantor as in effect on the date hereof;

 
	
  

 	
  

 
	
  

 	
           (vii) a
 copy of the limited partnership agreement of each Domestic Guarantor which is
 a limited partnership, certified by the Secretary of the general partner of
 each such Domestic Guarantor as being the limited partnership agreement of
 such Domestic Guarantor as in effect on the date hereof;

 
	
  

 	
  

 
	
  

 	
           (viii)
 copies of certain resolutions adopted by the board of directors of each
 Organization which is a corporation, authorizing the execution, delivery and performance
 of the terms and provisions of the Loan Documents to which such Organization
 is party, each certified by the Secretary or Assistant Secretary or the Clerk
 or Assistant Clerk of such Organization;

 
	
  

 	
  

 
	
  

 	
           (ix)
 copies of certain resolutions adopted by the members or Board of Managers of
 each Domestic Guarantor which is a limited liability company, authorizing the
 execution, delivery and performance of the terms and provisions of the Loan
 Documents to which such Domestic Guarantor is party, each certified by
 Members, a Manager, or the Assistant Secretary of such Domestic Guarantor;
 and 

 
	
  

 	
  

 
	
  

 	
           (x)
 copies of certain resolutions adopted by the general partner of each Domestic
 Guarantor which is a limited partnership, authorizing the execution,
 delivery, and performance of the terms and provisions of the Loan Documents
 to which such Domestic Guarantor is a party, each certified by the Secretary
 of the general partner of such Domestic Guarantor.

 

          I also have
examined such other corporate, limited liability company and limited
partnership documents and records and such other agreements, certificates,
opinions, instruments, papers, statutes and authorities, and have made such
examinations of law, as I have deemed necessary as a basis for the opinions
below.

B-2

          In such
examinations, I have assumed the genuineness of all signatures (other than
those of representatives of the Organizations), the completeness and
authenticity of all records and all documents submitted to me as originals and
the conformity to original documents of the documents supplied to me as copies.
As to various questions of fact material to such opinions, I have relied upon
representations and warranties of each of the Organizations contained in the Loan
Documents and upon statements and certificates of the officers, Members, or
Manager of the Organizations or of officers of the general partners of
Organizations that are limited partnerships and of other parties to the Loan
Documents and of public officials, and upon public records. I have not
conducted a search of or otherwise examined the records of any court.

          For
purposes of the opinions hereinafter expressed, I have assumed that (a) each
party to any Loan Document (other than the Organizations) has the power to
enter into and perform all of its obligations thereunder, (b) each such party
(other than the Organizations) has taken all necessary actions to authorize the
due execution, delivery and performance of such Loan Document by it, and (c) each
such Loan Document is the legal, valid and binding obligation of each such
party (other than the Organizations) thereto.

          The
opinions set forth in numbered paragraph 3 below with respect to the legality,
validity, binding effect and enforceability of any Loan Document are subject to
the effect of bankruptcy, insolvency, moratorium, fraudulent conveyance and
similar laws relating to or affecting creditors’ rights generally and court
decisions with respect thereto, and I express no opinion with respect to the
application of equitable principles to any Loan Document in any proceeding,
whether at law or in equity.

          I express
no opinion as to the enforceability of provisions of the Loan Documents which:
(a) restrict access to legal or equitable remedies; (b) purport to
waive or affect any rights to notices; (c) contain a covenant by a party
to take actions the taking of which is discretionary with or subject to the
approval of another party or which are otherwise subject to contingencies the
fulfillment of which is not within the control of the party so covenanting;
(d) purport to limit the Agent’s obligations to exercise reasonable care
in the custody and preservation of collateral in accordance with the Uniform
Commercial Code; (e) purport to exculpate a party from, or indemnify a
party against, its own negligence or failure to act in good faith or in
accordance with standards of commercial reasonableness; (f) purport to
allow the Agent to establish evidentiary standards for suit or proceedings to
enforce such Loan Documents; (g) purport to allow the Agent to set off and
apply deposits of any Organization to its obligations under the Loan Documents
without prior notice having been given to any Organization, or as to the
enforceability of any waiver by any Organization of demand or of rights to
set-off or counterclaim; (h) relate to delay, election or omission of
enforcement of remedies; (i) relate to severability; or (j) purport
to constitute waivers of rights of subrogation, reimbursement, contribution,
exoneration or indemnity by any Organization. I also point out that legal and
equitable principles require good faith and fair dealing by the Agent and may
require the Agent to exercise its rights and remedies under the Loan Documents
in a reasonable manner, including, but not limited to, consideration by the
Agent of the materiality of any breach by any Organization and of the
consequences of such breach to the Agent. Furthermore, certain other provisions
as to rights, remedies, covenants and limitations contained in the Loan
Documents are subject to legal or equitable principles relating to the strict
or specific enforcement of such rights, 

B-3

remedies, covenants and limitations. However, subject to the effect of
bankruptcy, insolvency, moratorium, fraudulent conveyance and similar laws
relating to or affecting creditors’ rights generally and court decisions with
respect thereto, the limitations referred to in this paragraph and/or in other
parts of this opinion, do not, in my opinion, make the remedies and procedures
which will be afforded to the Agent inadequate for the realization of the
substantive benefits purported to be provided under the Loan Documents.

          I also
point out that the enforceability of the above-referenced Security Agreement
and the security interests created thereby may be subject to rights of account
debtors and any claims or defenses of such persons against any Organization.
Moreover, in the case of receivables that are due from the United States or any
state thereof or any department of the United States or any state thereof, the
right to collect upon such receivables may be limited by the Assignment of
Claims Act, 31 U.S.C.A. § 3727 (1989) and any applicable state law
relating to the assignment of claims against such State.

          I express
no opinion with respect to the right, title or interest of any Organization in
or to any property, the existence, location or description of any Collateral (as
such term is defined in the Loan Documents), or the priority or perfection of
any security interest or other Lien in any of the Collateral (as such term is
defined in the Loan Documents) or any other Lien referred to in the Loan
Documents.

          When
reference is made in this opinion to “knowledge” or to what is “known to me”,
it means my actual knowledge and in this regard it is noted that I have not
made any special review, investigation or inquiry in connection with rendering
the opinion with respect to the matters so qualified.

          I am
admitted to practice law in the State of New York and I do not purport to
be expert on, or to express any opinion herein concerning, any law other than
the laws of the State of New York, the federal laws of the United States
of America and the General Corporation Law of the State of Delaware. For the
purposes of this opinion, I have assumed that the laws of the States of
Illinois, and of the state of incorporation or organization of each of the
Organizations not incorporated or organized in Delaware or New York, are identical
to the laws of the State of New York. For the purpose of the due
certification of status in the first sentence of my opinion in numbered
paragraph 1 below, I have relied solely upon certificates of public
officials of the states of organization of each of the Organizations. For
purposes of my opinion expressed in the second sentence of numbered
paragraph 1 below in respect of due qualification and good standing as a
foreign organization, I am relying solely on the representations and warranties
of each of the Organizations contained in the Loan Documents.

          Based upon
and subject to the foregoing, I am of the opinion that:

	
  

 	
  

 
	
  

 	
           1. Each of
 the Organizations which is a corporation is a validly existing corporation in
 good standing under the laws of its jurisdiction of incorporation and has the
 corporate power and authority to transact the business in which it is engaged
 as now conducted, and each of the Organizations which is a limited liability
 company or a limited partnership is a legally existing limited liability
 company or limited partnership, 

 

B-4

	
  

 	
  

 
	
  

 	
 respectively, in good standing or in existence under the laws of its
 jurisdiction of organization and has the power and authority to transact the
 business in which it is engaged and now conducted. Each of the Organizations
 which is a corporation or a limited liability company is duly qualified and
 in good standing as a foreign corporation or limited liability company, as
 the case may be, in all of the states in which, to my knowledge, failure to
 be so qualified would have a Material Adverse Effect.

 
	
  

 	
  

 
	
  

 	
           2. The
 Company has the corporate power to borrow and apply for Letters of Credit
 from the Issuers. Each Domestic Guarantor has the corporate, limited
 liability company, limited partnership, or other power to guarantee all of
 the indebtedness, obligations and liabilities of the Company and the other
 Borrowers to the Lenders pursuant to the Credit Agreement. Each Organization
 has the corporate, limited liability company, limited partnership, or other
 power to mortgage, pledge, assign and otherwise encumber its assets and
 properties as collateral security for such borrowings, letter of credit
 liabilities and guarantees, to execute and deliver the Loan Documents
 executed by it and to which it is a party and to observe and perform all of
 the terms and provisions of such Loan Documents. The execution and delivery
 of the Loan Documents executed by each of the Organizations does not, nor
 will the observance and performance of any of the terms and provisions
 thereof, violate any law or the certificate of incorporation, certificate of
 formation, by-laws, limited liability company agreement, operating agreement
 or limited partnership agreement (or other similar documents) of any such
 Organization or, to my knowledge, any covenant, indenture or agreement to
 which such Organization is a party.

 
	
  

 	
  

 
	
  

 	
           3. The
 Loan Documents executed by each Organization have been duly authorized by all
 necessary corporate, limited liability company, limited partnership, or other
 action, have been executed and delivered by the proper officers or other
 representatives of such Organization and constitute valid and binding
 agreements of such Organization, enforceable against it in accordance with
 the respective terms of such Loan Documents.

 
	
  

 	
  

 
	
  

 	
           4. Except
 as may be required in order to perfect the Liens contemplated by the Loan
 Documents, no order, authorization, consent, license or exemption of, or
 filing or registration with, any court or governmental department, agency,
 instrumentality or regulatory body of the United States of America or the
 State of New York is or will be required in connection with the lawful
 execution and delivery of the Loan Documents by each Organization party
 thereto or the performance by each such Organization of any of the terms of
 the Loan Documents.

 
	
  

 	
  

 
	
  

 	
           5. To my
 knowledge, after due inquiry, except as disclosed on Schedule 5.9 of the
 Credit Agreement or the Side Letter or in the notes to the financial
 statements of the Company as at and for the fiscal year ended
 December 31, 2010 or in the Company’s Form 10-Q for the fiscal
 quarter ended September 30, 2011, there is no action, suit, proceeding
 or investigation at law or in equity before or by any court or public body
 pending or threatened against any Organization or any of its assets or
 properties which, if adversely determined, is likely to result in a Material
 Adverse Effect.

 

B-5

          This
opinion letter is furnished solely for your benefit in connection with matters
relating to the Loan Documents and may not be used or relied upon by any other
person or for any other purpose without my prior written consent.

	
  

 	
  

 
	
  

 	
 Very truly yours,

 
	
  

 	
  

 
	
  

 	
 Sheldon I. Cammaker

 
	
  

 	
 Executive
 Vice President

 and General Counsel

 

B-6

Exhibit C

EMCOR
Group, Inc.

Compliance
Certificate

For the Month Ending __________ 

	
 

	
 

	
To:

	
Bank of
Montreal

as Agent under, and the Lenders

party to the Amended and Restated

Credit Agreement described below

          This
Compliance Certificate is furnished to the Lenders pursuant to the requirements
of Section 7.5 of the Third Amended and Restated Credit Agreement dated
as of November 21, 2011, by and between EMCOR Group, Inc., a Delaware
corporation (the “Company”), EMCOR Group (UK) plc, a United
Kingdom public limited company and Bank of Montreal as agent thereunder (the “Agent”)
and the Lenders named therein (the “Credit Agreement”). Unless
otherwise defined herein, the terms used in this Compliance Certificate have
the meanings ascribed thereto in the Credit Agreement.

          The
Undersigned Hereby Certifies That:

          1. I am the
duly elected ______________ of the Company;

          2. I have
reviewed the terms of the Credit Agreement and I have made, or have caused to
be made under my supervision, a detailed review of the transactions and
conditions of the Borrowers and Restricted Subsidiaries during the accounting
period covered by the financial statements being furnished concurrently with
this Certificate;

          3. The
examinations described in paragraph 2 did not disclose, and I have no
knowledge of, the existence of any condition or the occurrence of any event
which constitutes a Default or an Event of Default at any time during or at the
end of the accounting period covered by the accompanying financial statements
or as of the date of this Certificate, except as set forth immediately below;

          4. The
financial statements required by Section 7.5 of the Credit Agreement and
being furnished to you concurrently with this Certificate are true, correct and
complete as of the dates and for the periods covered thereby; and

          5.
Schedule I attached hereto sets forth financial data and computations
evidencing the Borrowers’ compliance with certain covenants of the Credit
Agreement, all of which data and

C-1

computations are true, complete and correct and have been made in
accordance with the relevant Sections of the Credit Agreement.*

          6. Also
attached hereto is a summary of claims with a recorded value of over $5,000,000
in litigation, mediation or arbitration.*

          Described
below are the exceptions, if any, to paragraph 3 by listing, in detail,
the nature of the condition or event, the period during which it has existed
and the action which the Borrowers have taken, is taking, or proposes to take
with respect to each such condition or event:

	
 

	
 

	
 

	
 

	

	
 

	
 

	
 

	
 

	
 

	

	
 

	
 

	
 

	
 

	
 

	

	
 

	
 

	
 

	
 

	
 

	

	
 

          The
foregoing certifications, together with the computations set forth in
Schedule I attached hereto and the financial statements furnished
concurrently with this Certificate in support hereof, are made and delivered as
of this ______ day of _______________, 20___.

	
 

	
 

	
 

	
 

	
 

	
Emcor
Group, Inc.

	
 

	

By: 

	
 

	
 

	
 

	
 

	

	
 

	
          Title: 

	
 

	
 

	
 

	

	
 

	
 

	
 

	
     (Type
or Print Name)

	
 

	
 

	

	
 

	
* Include
only quarterly. 

C-2

Schedule I

EMCOR
Group, Inc.

Compliance
Calculations 

Third Amended and Restated Credit Agreement

dated as of November 21, 2011

	
 

	
Calculations as of
_______________, 20__ 

	
 

	

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
A.

	
   Leverage
Ratio (Section 7.7)

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
1.

	
 

	
Total Funded
Debt

	
 

	
$________

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
2.

	
 

	
Excess Cash

	
 

	
$________

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
3.

	
 

	
Line A1
minus A2

	
 

	
$________

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
4.

	
 

	
Net Income
for past 12 calendar months

	
 

	
$________

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
5.

	
 

	
Interest
Expense for past 12 calendar months

	
 

	
$________

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
6.

	
 

	
Income taxes
for past 12 calendar months

	
 

	
$________

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
7.

	
 

	
Depreciation
of fixed assets for past 12 calendar months

	
 

	
$________

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
8.

	
 

	
Amortization
of intangible assets during part 12 calendar months

	
 

	
$________

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
9.

	
 

	
Non-cash
charges of the Company and its Restricted Subsidiaries during such period

	
 

	
$________

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
10.

	
 

	
One-time
extraordinary cash charges acceptable to the Agent not to exceed $25.0
million

	
 

	
$________

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
11.

	
 

	
Sum of Lines
A4, A5, A6, B7, A8, A9 and A10

	
 

	
$________

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
12.

	
 

	
Adjustments
resulting from Acquisitions during past 12 calendar months (including
adjustments for non-recurring expenses and income reasonably determined by
the Company in good faith and established to the reasonable satisfaction of
the Agent)

	
 

	
$________

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
13.

	
 

	
Sum of Lines
A11 and A12

	
 

	
$________

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
14.

	
 

	
Ratio of
Line A3 to Line A13

	
 

	
________

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
15.

	
 

	
Ratio of
Line A14 shall not be more than

	
 

	
3.00/3.25 to 1.0

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
16.

	
 

	
Company is
in Compliance

	
 

	
Yes/No

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
B.

	
   Interest
Coverage Ratio (Section 7.8)

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
1.

	
 

	
Net Income
for past 12 calendar months

	
 

	
$________

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
2.

	
 

	
Interest
Expenses for past 12 calendar months

	
 

	
$________

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
3.

	
 

	
Income taxes
for past 12 calendar months

	
 

	
$________

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
4.

	
 

	
Non-cash
charges of the Company and its
Restricted Subsidiaries during such period

	
 

	
$________

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
5.

	
 

	
One-time
extraordinary cash charges acceptable to the Agent not to exceed $25.0
million

	
 

	
$________

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
6.

	
 

	
Sum of Lines
B1, B2, B3, B4 and B5

	
 

	
$________

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
7.

	
 

	
Adjustments
resulting from Acquisitions during past 12 calendar months (including
adjustments for non-recurring expenses and income reasonably determined by
the Company in good faith and established to the reasonable satisfaction of
the Agent)

	
 

	
$________

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
8.

	
 

	
Sum of Line
B6 and B7

	
 

	
$________

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
9.

	
 

	
Interest
Expense for past 12 calendar months

	
 

	
$________

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
10.

	
 

	
All interest
income received during past 12 calendar months

	
 

	
$________

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
11.

	
 

	
Line B9
minus Line B10

	
 

	
$________

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
12.

	
 

	
Ratio of
Line B8 to Line B11

	
 

	
$________

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
13.

	
 

	
B12 shall
not be less than

	
 

	
3.50 to 1

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
14.

	
 

	
Company is
in Compliance

	
 

	
Yes/No

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
C.

	
   Capital
and Other Restricted Expenditures (Section 7.13)

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
1.

	
 

	
Capital
Expenditures

	
 

	
$________

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
2.

	
 

	
Face amount
of Letters of Credit issued during past 12 calendar months

	
 

	
$________

	
 

-4-

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
3.

	
 

	
Aggregate
amount expended to guarantee Indebtedness for Money Borrowed for any
Strategic Venture (not including capital stock of the Company)

	
 

	
$________

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
4.

	
 

	
Sum of Lines
C1, C2 and C3

	
 

	
$________

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
5.

	
 

	
2.00% of the
arithmetic average of unrealized revenue from contracts in progress as of
last day of past four calendar quarters then ended

	
 

	
$________

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
6.

	
 

	
Net cash
proceeds from the sale of assets for past four calendar quarters then ended

	
 

	
$________

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
7.

	
 

	
Maximum
amount of dividends which company could pay as of date of expenditure or
application in question

	
 

	
$________

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
8.

	
 

	
Sum of Lines
C5, C6 and C7

	
 

	
$________

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
9.

	
 

	
Line C4
shall not exceed Line C8

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
10.

	
 

	
Company is
in Compliance 

	
 

	
Yes/No

	
 

-5-

Exhibit D

Assignment
and Acceptance

Dated _____________, _____

          Reference
is made to the Third Amended and Restated Credit Agreement dated as of
November 21, 2011 (as extended, renewed, amended or restated from time to
time, the “Credit
Agreement”) among EMCOR Group, Inc., the other Borrowers, the
Lenders and Issuers parties thereto, and Bank of Montreal, as Agent (the “Agent”).
Terms defined in the Credit Agreement are used herein with the same meaning.

          ______________________________________________________
(the “Assignor”)
and _________________________ (the “Assignee”) agree as follows:

	
 

	
 

	
 

	
          1. The
Assignor hereby sells and assigns to the Assignee, and the Assignee hereby
purchases and assumes from the Assignor, the amount and specified percentage
interest shown on Annex I hereto of the Assignor’s rights and
obligations under the Credit Agreement as of the Effective Date (as defined
below), including, without limitation, the Assignor’s Total Commitments as in
effect on the Effective Date and the Loans, if any, owing to the Assignor on
the Effective Date and the Assignor’s Revolver Percentage of any outstanding
L/C Obligations.

	
 

	
 

	
 

	
          2. The
Assignor (i) represents and warrants that it is the legal and beneficial
owner of the interest being assigned by it hereunder and that such interest
is free and clear of any adverse claim, lien, or encumbrance of any kind;
(ii) makes no representation or warranty and assumes no responsibility
with respect to any statements, warranties or representations made in or in
connection with the Credit Agreement or the execution, legality, validity,
enforceability, genuineness, sufficiency or value of the Credit Agreement or
any other instrument or document furnished pursuant thereto; and
(iii) makes no representation or warranty and assumes no responsibility
with respect to the financial condition of the Borrowers or any Subsidiary or
the performance or observance by the Borrowers or any Subsidiary of any of
their respective obligations under the Credit Agreement or any other
instrument or document furnished pursuant thereto.

	
 

	
 

	
 

	
          3. The
Assignee (i) confirms that it has received a copy of the Credit
Agreement, together with copies of the most recent financial statements
delivered to the Lenders pursuant to Section 7.5(a), (b) and (c) thereof
and such other documents and information as it has deemed appropriate to make
its own credit analysis and decision to enter into this Assignment and
Acceptance; (ii) agrees that it will, independently and without reliance
upon the Agent, the Assignor or any other Lender and based on such documents
and information as it shall deem appropriate at the time, continue to make
its own credit decisions in taking or not taking action under the Credit
Agreement; (iii) appoints and authorizes the Agent to take such action as
Agent on its behalf and to exercise such powers under the Credit Agreement
and the other Loan Documents as are

D-1

	
 

	
 

	
 

	
delegated to the Agent by the terms thereof, together with such
powers as are reasonably incidental thereto; (iv) agrees that it will
perform in accordance with their terms all of the obligations which by the
terms of the Credit Agreement are required to be performed by it as a Lender;
and (v) specifies as its lending office (and address for notices) the
offices set forth on its Administrative Questionnaire.

	
 

	
 

	
 

	
          4. As
consideration for the assignment and sale contemplated in Annex I
hereof, the Assignee shall pay to the Assignor on the Effective Date in
Federal funds the amount agreed upon between them. It is understood that commitment
and/or letter of credit fees accrued to the Effective Date with respect to
the interest assigned hereby are for the account of the Assignor and such
fees accruing from and including the Effective Date are for the account of
the Assignee. Each of the Assignor and the Assignee hereby agrees that if it
receives any amount under the Credit Agreement which is for the account of
the other party hereto, it shall receive the same for the account of such
other party to the extent of such other party’s interest therein and shall
promptly pay the same to such other party.

	
 

	
 

	
 

	
          5. The
effective date for this Assignment and Acceptance shall be ___________
(the “Effective
Date”). Following the execution of this Assignment and Acceptance,
it will be delivered to the Agent for acceptance and recording by the Agent
and, if required, the Company. 

	
 

	
 

	
 

	
          6. Upon
such acceptance and recording, as of the Effective Date, (i) the
Assignee shall be a party to the Credit Agreement and, to the extent provided
in this Assignment and Acceptance, have the rights and obligations of a
Lender thereunder and (ii) the Assignor shall, to the extent provided in
this Assignment and Acceptance, relinquish its rights and be released from
its obligations under the Credit Agreement.

	
 

	
 

	
 

	
          7. Upon
such acceptance and recording, from and after the Effective Date, the Agent
shall make all payments under the Credit Agreement in respect of the interest
assigned hereby (including, without limitation, all payments of principal,
interest and commitment fees with respect thereto) to the Assignee. The
Assignor and Assignee shall make all appropriate adjustments in payments
under the Credit Agreement for periods prior to the Effective Date directly
between themselves.

D-2

	
 

	
 

	
 

	
          8. This
Assignment and Acceptance shall be governed by, and construed in accordance
with, the laws of the State of Illinois.

	
 

	
 

	
 

	
 

	
 

	
 

	
[Assignor
Lender]

	
 

	
 

	
 

	
 

	
 

	
 

	
By 

	
 

	
 

	
 

	
 

	
 

	

	
 

	
 

	
Name 

	
 

	
 

	
 

	
 

	
 

	

	
 

	
 

	
Title 

	
 

	
 

	
 

	
 

	

	
 

	
 

	
 

	
 

	
 

	
 

	
[Assignee
Lender]

	
 

	
 

	
 

	
 

	
 

	
 

	
By 

	
 

	
 

	
 

	
 

	
 

	

	
 

	
 

	
Name 

	
 

	
 

	
 

	
 

	
 

	

	
 

	
 

	
Title 

	
 

	
 

	
 

	
 

	

	
 

	
 

	
 

	
 

	
Accepted and
consented this
 ____ day of _____________

	
 

	
 

	
 

	
 

	
EMCOR
Group, Inc.

	
 

	
 

	
 

	
 

	
By 

	
 

	
 

	
 

	
 

	

	
 

	
Name 

	
 

	
 

	
 

	
 

	

	
 

	
Title 

	
 

	
 

	
 

	

	
 

	
 

	
 

	
 

	
Accepted and
consented to by the Agent this ___ day of ________

	
 

	
 

	
 

	
 

	
Bank
of Montreal,
as Agent

	
 

	
 

	
 

	
 

	
By 

	
 

	
 

	
 

	
 

	

	
 

	
Name 

	
 

	
 

	
 

	
 

	

	
 

	
Title 

	
 

	
 

	
 

	

D-3

Annex I

to Assignment and Acceptance

          The assignee hereby purchases and assumes from the assignor the
following interest in and to all of the Assignor’s rights and obligations under
the Credit Agreement as of the effective date.

	
 

	
 

	
 

	
Aggregate Maximum

Commitment/Loans for All

Lenders

	
Amount of

Total

Commitment/Loans

Assigned

	
Percentage Assigned of

Total Commitment/Loans

	
 

	
 

	
 

	
$_____________

	
$_____________

	
_____%

D-4

Exhibit E

Commitment
Amount Increase Request

_______________, 20__

	
 

	
Bank of
Montreal

	
as Agent (the “Agent”)

	
for the Lenders referred to below

	
111 West
Monroe Street

	
Chicago,
Illinois 60603

Attention: John Armstrong, Director

	
 

	
 

	
 

	
          Re:

	
Third Amended and Restated Credit Agreement

	
 

	
 

	
dated as of November 21, 2011

	
 

	
 

	
among EMCOR Group, Inc., the Lenders party thereto and

	
 

	
 

	
Bank of Montreal, as Agent

	
 

	
 

	
(as amended, modified or supplemented from

	
 

	
 

	
time to time, the “Credit Agreement”),

	
 

	
 

	

	
 

Ladies and Gentlemen:

          In
accordance with the Credit Agreement, the Company hereby requests that the
Agent consent to an increase in the aggregate Total Commitments (the “Commitment
Amount Increase”), in accordance with Section 1.11 of the
Credit Agreement, to be effected by [an increase in the Total Commitment of [name of
existing Lender] the addition of [name of Additional Lender] (the “Additional
Lender”) as a Lender under the terms of the Credit Agreement].
Capitalized terms used herein without definition shall have the same meanings
herein as such terms have in the Credit Agreement.

          After
giving effect to such Commitment Amount Increase, and upon the effectiveness of
the Commitment Amount Increase, the U.S. Dollar Commitment and/or Multicurrency
Commitment of [the Lender increasing its relevant Commitment] [the Additional Lender]
will be as set forth on Attachment I hereto.

 [Include
paragraphs 1-3 for an Additional Lender]

          1. The
Additional Lender hereby confirms that it has received a copy of the Credit
Agreement and the exhibits and schedules related thereto, together with copies
of the documents which were required to be delivered under the Credit Agreement
as a condition to the making of the Loans and other extensions of credit
thereunder. The Additional Lender acknowledges and agrees that it has made and
will continue to make, independently and without reliance upon the Agent or any
other Lender and based on such documents and information as it has deemed

E-1

appropriate, its own credit analysis and decisions relating to the
Credit Agreement. The Additional Lender further acknowledges and agrees that
the Agent has not made any representations or warranties about the credit
worthiness of the Company or any other party to the Credit Agreement or with
respect to the legality, validity, sufficiency or enforceability of the Credit
Agreement or the value of any security therefore.

          2.
    Except as otherwise provided in the Credit Agreement, effective as of the
    date of acceptance hereof by the Agent, the Additional Lender agrees to be
    bound by the terms and conditions set forth in the Credit Agreement as if
it were an original signatory thereto.

          3. The
Additional Lender hereby advises you of the following administrative details
with respect to its Loans and Total Commitment:

	
 

	
 

	
 

	
 

	
 

	
(A)

	
Notices:

	
 

	
 

	
 

	
 

	
 

	
Institution
Name: ______________________

	
 

	
 

	
Address:

	
_____________________________

	
 

	
 

	
 

	
_____________________________

	
 

	
 

	
Telephone: ___________________________

	
 

	
 

	
Facsimile:  ___________________________

	
 

	
 

	
 

	
 

	
(B)

	
Payment
Instructions:

          4. This
Agreement shall be deemed to be a contractual obligation under, and shall be
governed by and construed in accordance with, the laws of the state of
Illinois.

          The
Commitment Amount Increase shall be effective when the executed consent of the
Agent is received or otherwise in accordance with Section 1.11 of the
Credit Agreement, but not in any case prior to ___________________, ____. It
shall be a condition to the effectiveness of the Commitment Amount Increase
that (i) all fees and expenses referred to in Section 1.11 of the
Credit Agreement shall have been paid and (ii) no Eurodollar Loans shall
be outstanding on the date of such effectiveness.

          The Company
hereby certifies that no Default or Event of Default has occurred and is
continuing.

E-2

          Please
indicate the Agent’s consent to such Commitment Amount Increase by signing the
enclosed copy of this letter in the space provided below.

	
 

	
 

	
 

	
 

	
 

	
 

	
Very truly
yours,

	
 

	
 

	
 

	
 

	
 

	
 

	
EMCOR
Group, Inc.

	
 

	
 

	
 

	
 

	
 

	
 

	
By 

	
 

	
 

	
 

	
 

	
 

	

	
 

	
 

	
Name: 

	
 

	
 

	
 

	
 

	
 

	

	
 

	
 

	
Title: 

	
 

	
 

	
 

	
 

	

	
 

	
 

	
 

	
 

	
 

	
 

	
[Additional
Lender/Lender Increasing Commitments]

	
 

	
 

	
 

	
 

	
 

	
 

	
By: 

	
 

	
 

	
 

	
 

	
 

	

	
 

	
 

	
Name: 

	
 

	
 

	
 

	
 

	
 

	

	
 

	
 

	
Title: 

	
 

	
 

	
 

	
 

	

	
 

	
 

	
 

	
 

	
The
undersigned hereby consents
on this __ day of _____________,
 ___ to the above-requested Commitment
Amount Increase.

	
 

	
 

	
 

	
 

	
Bank
of Montreal,
as Agent

	
 

	
 

	
 

	
 

	
By: 

	
 

	
 

	
 

	
 

	

	
 

	
Name: 

	
 

	
 

	
 

	
 

	

	
 

	
Title: 

	
 

	
 

	
 

	

E-3

Attachment
I

	
 

	
 

	
 

	
Lender

	
U.S. Dollar

Commitment

	
Multicurrency

Commitment

E-4

Exhibit F

Notice of
Borrowing

Date: ___________, ____

	
 

	
 

	
To:

	
Bank of Montreal, as Agent for the Lenders parties to the Third
Amended and Restated Credit Agreement dated as of November 21, 2011 (as
extended, renewed, amended or restated from time to time, the “Credit
Agreement”), among EMCOR Group, Inc. (the “Company”), the other
Borrowers party thereto, the Lenders party thereto, and Bank of Montreal, as
Agent

Ladies and Gentlemen:

          The
Company, individually and in its capacity as agent for the Borrowers, refers to
the Credit Agreement, the terms defined therein being used herein as therein
defined, and hereby gives you notice irrevocably, pursuant to Section 1.4
of the Credit Agreement, of the Borrowing specified below:

	
 

	
 

	
 

	
          1. The
name of Borrower on whose behalf such Borrowing is being requested
_________________________

	
 

	
 

	
 

	
          2. The
Business Day of the proposed Borrowing is ___________, ____.

	
 

	
 

	
 

	
          3. The
aggregate amount of the proposed Borrowing is $______________.

	
 

	
 

	
 

	
          4. The
proposed Borrowing is pursuant to the [Multicurrency Commitment]/[U.S. Dollar Commitment].

	
 

	
 

	
 

	
          5. The
currency of such Borrowing _______________.

	
 

	
 

	
 

	
          6. The
Borrowing is to be comprised of $___________ of [Base Rate] [Eurodollar]
Loans.

	
 

	
 

	
 

	
          [7.
The duration of the Interest Period for the Eurodollar Loans included in the
Borrowing shall be ____________ months.]

          The
undersigned hereby certifies that the following statements are true on the date
hereof, and will be true on the date of the proposed Borrowing, before and
after giving effect thereto and to the application of the proceeds therefrom:

	
 

	
 

	
 

	
          (a) the
representations and warranties of the Borrowers contained in Section 5
of the Credit Agreement are true and correct as though made on and as of such
date (except to the extent such representations and warranties relate to an
earlier date, in which case they are true and correct as of such date); and

	
 

	
 

	
 

	
          (b) no
Default or Event of Default has occurred and is continuing or would result
from such proposed Borrowing.

	
 

	
 

	
 

	
 

	
 

	
 

	
EMCOR
Group, Inc.

	
 

	
 

	
 

	
 

	
 

	
 

	
By 

	
 

	
 

	
 

	
 

	
 

	

	
 

	
 

	
Name 

	
 

	
 

	
 

	
 

	
 

	

	
 

	
 

	
Title 

	
 

	
 

	
 

	
 

	

-2-

Schedule 1.1

Commitments

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Lender

	
 

	
U.S. Dollar Commitment

	
 

	
U.S. Dollar
Percentage

	
 

	
Multicurrency
Commitment

	
 

	
Multicurrency
Percentage

	
 

	
Total
Commitment

	
 

	
Percentage

	
 

	
Bank of
Montreal

	
 

	
$

	
90,000,000.00

	
 

	
 

	
12.00

	
%

	
$

	
90,000,000.00

	
 

	
 

	
12.50

	
%

	
$

	
90,000,000.00

	
 

	
 

	
12.00

	
%

	
Bank of
America, N.A.

	
 

	
 

	
90,000,000.00

	
 

	
 

	
12.00

	
%

	
 

	
90,000,000.00

	
 

	
 

	
12.50

	
%

	
 

	
90,000,000.00

	
 

	
 

	
12.00

	
%

	
JPMorgan
Chase Bank, N.A.

	
 

	
 

	
90,000,000.00

	
 

	
 

	
12.00

	
%

	
 

	
90,000,000.00

	
 

	
 

	
12.50

	
%

	
 

	
90,000,000.00

	
 

	
 

	
12.00

	
%

	
U.S. Bank,
National Association

	
 

	
 

	
90,000,000.00

	
 

	
 

	
12.00

	
%

	
 

	
90,000,000.00

	
 

	
 

	
12.50

	
%

	
 

	
90,000,000.00

	
 

	
 

	
12.00

	
%

	
Fifth Third
Bank

	
 

	
 

	
50,000,000.00

	
 

	
 

	
6.67

	
%

	
 

	
50,000,000.00

	
 

	
 

	
6.94

	
%

	
 

	
50,000,000.00

	
 

	
 

	
6.67

	
%

	
Lloyds TSB
Bank plc

	
 

	
 

	
50,000,000.00

	
 

	
 

	
6.67

	
%

	
 

	
50,000,000.00

	
 

	
 

	
6.94

	
%

	
 

	
50,000,000.00

	
 

	
 

	
6.67

	
%

	
PNC Bank,
National Association

	
 

	
 

	
50,000,000.00

	
 

	
 

	
6.67

	
%

	
 

	
50,000,000.00

	
 

	
 

	
6.94

	
%

	
 

	
50,000,000.00

	
 

	
 

	
6.67

	
%

	
Wells Fargo
Bank, N.A.

	
 

	
 

	
42,500,000.00

	
 

	
 

	
5.67

	
%

	
 

	
42,500,000.00

	
 

	
 

	
5.90

	
%

	
 

	
42,500,000.00

	
 

	
 

	
5.67

	
%

	
RBS
Citizens, N.A.

	
 

	
 

	
42,500,000.00

	
 

	
 

	
5.67

	
%

	
 

	
42,500,000.00

	
 

	
 

	
5.90

	
%

	
 

	
42,500,000.00

	
 

	
 

	
5.67

	
%

	
Branch
Banking and Trust Company

	
 

	
 

	
35,000,000.00

	
 

	
 

	
4.67

	
%

	
 

	
35,000,000.00

	
 

	
 

	
4.86

	
%

	
 

	
35,000,000.00

	
 

	
 

	
4.67

	
%

	
The Northern
Trust Company

	
 

	
 

	
30,000,000.00

	
 

	
 

	
4.00

	
%

	
 

	
30,000,000.00

	
 

	
 

	
4.17

	
%

	
 

	
30,000,000.00

	
 

	
 

	
4.00

	
%

	
First
Niagara Bank, N.A.

	
 

	
 

	
30,000,000.00

	
 

	
 

	
4.00

	
%

	
 

	
—

	
 

	
 

	
0.00

	
%

	
 

	
30,000,000.00

	
 

	
 

	
4.00

	
%

	
Webster
Bank, NA

	
 

	
 

	
30,000,000.00

	
 

	
 

	
4.00

	
%

	
 

	
30,000,000.00

	
 

	
 

	
4.17

	
%

	
 

	
30,000,000.00

	
 

	
 

	
4.00

	
%

	
TD Bank,
N.A.

	
 

	
 

	
30,000,000.00

	
 

	
 

	
4.00

	
%

	
 

	
30,000,000.00

	
 

	
 

	
4.17

	
%

	
 

	
30,000,000.00

	
 

	
 

	
4.00

	
%

	
Total

	
 

	
$

	
750,000,000.00

	
 

	
 

	
100.00

	
%

	
$

	
720,000,000.00

	
 

	
 

	
100.00

	
%

	
$

	
750,000,000.00

	
 

	
 

	
100.00

	
%

Schedule 1.3

Existing Letters of Credit

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Number

	
 

	
Issuer

	
 

	
Beneficiary

	
 

	
Amount

	
 

	
 

	
Expiry Date

	
 

	

	
 

	

	
 

	

	
 

	

	
 

	
 

	

	
 

	
 

	
HACH19624OS

	
 

	
BMO Harris
Bank N.A.

	
 

	
Indemnity
Insurance Companies of North America ACE American Ins.

	
 

	
$

	
299,781

	
 

	
 

	
10-01-12

	
 

	
 

	
HACH19637OS

	
 

	
BMO Harris
Bank N.A.

	
 

	
ACE Property
& Casualty Insurance Company, Pacific Employers Insurance Company

	
 

	
$

	
227,139

	
 

	
 

	
09-30-12 

	
 

	
 

	
HACH19638OS

	
 

	
BMO Harris
Bank N.A.

	
 

	
Transportation
Insurance Company and/or Continental Casualty Company and/or American
Casualty Company of Reading, Pennsylvania

	
 

	
$

	
68,000

	
 

	
 

	
10-01-12

	
 

	
 

	
HACH19644OS

	
 

	
BMO Harris
Bank N.A.

	
 

	
Continental
Casualty Company and/or American Casualty Company of Reading, Pennsylvania
and/or Transportation Insurance Company

	
 

	
$

	
116,000

	
 

	
 

	
09-01-12

	
 

	
 

	
HACH19646OS

	
 

	
BMO Harris
Bank N.A.

	
 

	
Continental
Casualty Company and/or American Casualty Company of Reading, Pennsylvania

	
 

	
$

	
204,000

	
 

	
 

	
09-01-12

	
 

	
 

	
HACH19647OS

	
 

	
BMO Harris
Bank N.A.

	
 

	
Continental
Casualty Company and/or American Casualty Company of Reading, Pennsylvania

	
 

	
$

	
309,000

	
 

	
 

	
09-01-12

	
 

	
 

	
HACH19651OS

	
 

	
BMO Harris
Bank N.A.

	
 

	
American
Casualty Company of Reading, PA and/or Transportation Insurance Company
and/or Continental Casualty Company

	
 

	
$

	
604,000

	
 

	
 

	
10-01-12

	
 

	
 

	
HACH270301OS

	
 

	
BMO Harris
Bank N.A.

	
 

	
American
Casualty Company of Reading, Pennsylvania and/or Transportation Insurance
Company and/or Continental Casualty Company

	
 

	
$

	
16,516,000

	
 

	
 

	
10-01-12

	
 

	
 

	
HACH234952OS

	
 

	
BMO Harris
Bank N.A.

	
 

	
Zurich
American Insurance Company

	
 

	
$

	
950,000

	
 

	
 

	
10-12-12

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Number

	
 

	
Issuer

	
 

	
Beneficiary

	
 

	
Amount

	
 

	
 

	
Expiry Date

	
 

	

	
 

	

	
 

	

	
 

	

	
 

	
 

	

	
 

	
 

	
HACH311178OS

	
 

	
BMO Harris
Bank N.A.

	
 

	
American
Casualty Company of Reading, Pennsylvania and/or Transportation Insurance
Company and/or Continental Casualty Company

	
 

	
$

	
18,700,000

	
 

	
 

	
10-22-12

	
 

	
 

	
HACH349268OS

	
 

	
BMO Harris
Bank N.A.

	
 

	
American
Casualty Company of Reading, Pennsylvania and/or Transportation Insurance
Company and/or Continental Casualty Company

	
 

	
$

	
3,024,000

	
 

	
 

	
10-22-12

	
 

	
 

	
HACH320412OS

	
 

	
BMO Harris
Bank N.A.

	
 

	
Hartford
Fire Insurance Company

	
 

	
$

	
250,000

	
 

	
 

	
01-31-12

	
 

	
 

	
HACH320408OS

	
 

	
BMO Harris
Bank N.A.

	
 

	
The
Travelers Indemnity Company

	
 

	
$

	
936,000

	
 

	
 

	
01-31-12

	
 

	
 

	
68030724
(S594132)

	
 

	
Bank of
America Merrill Lynch

	
 

	
The
Travelers Indemnity Company

	
 

	
$

	
130,000

	
 

	
 

	
10-12-12

	
 

	
 

	
68030651
(S582002)

	
 

	
Bank of
America Merrill Lynch

	
 

	
Ontario
Power Generation

	
 

	
$

	
239,888.70

	
 

	
 

	
06-15-12

	
 

	
 

	
68030574
(S559178)

	
 

	
Bank of
America Merrill Lynch

	
 

	
American
Casualty Company of Reading, PA and Continental Casualty Company and
Transportation Insurance Company

	
 

	
$

	
690,000

	
 

	
 

	
10-01-12

	
 

	
 

	
68030618
(S574136)

	
 

	
Bank of
America Merrill Lynch

	
 

	
Transportation
Insurance Company and American Casualty Company of Reading, PA and
Continental Casualty Company

	
 

	
$

	
2,207,000

	
 

	
 

	
10-01-12

	
 

	
 

	
68030663
(S584572)

	
 

	
Bank of
America Merrill Lynch

	
 

	
American
Casualty Company of Reading, Pennsylvania and Transportation Insurance
Company and Continental Casualty Company

	
 

	
$

	
3,130,000

	
 

	
 

	
10-01-12

	
 

	
 

	
68030719
(S593655)

	
 

	
Bank of
America Merrill Lynch

	
 

	
Transportation
Insurance Company and/or American Casualty Company of Reading, Pennsylvania
and/or Continental Casualty Company

	
 

	
$

	
7,325,000

	
 

	
 

	
10-01-12

	
 

	
 

	
68030821
(S602687)

	
 

	
Bank of
America Merrill Lynch

	
 

	
Transportation
Insurance Company and/or American Casualty Company of 

	
 

	
$

	
9,898,000

	
 

	
 

	
10-01-12

	
 

-2-

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Number

	
 

	
Issuer

	
 

	
Beneficiary

	
 

	
Amount

	
 

	
 

	
Expiry Date

	
 

	

	
 

	

	
 

	

	
 

	

	
 

	
 

	

	
 

	
 

	
 

	
 

	
 

	
 

	
Reading, PA
and/or Continental Casualty Company

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
68030875
(S608276)

	
 

	
Bank of
America Merrill Lynch

	
 

	
American
Casualty Company of Reading, Pennsylvania and/or Transportation Insurance
Company and/or Continental Casualty Company

	
 

	
$

	
14,880,000

	
 

	
 

	
10-01-12

	
 

	
 

	
68030815
(S602275)

	
 

	
Bank of
America Merrill Lynch

	
 

	
SeaBright
Insurance Company

	
 

	
$

	
441,980

	
 

	
 

	
10-12-12

	
 

	
 

	
68030817
(S602449)

	
 

	
Bank of
America Merrill Lynch

	
 

	
Royal Bank
of Canada

	
 

	
$

	
216,451

	
 

	
 

	
10-12-12

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	

	
 

-3-

Schedule 4.2

Guarantors

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
NAME

	
 

	
JURISDICTION OF
INCORPORATION

	
 

	
PERCENTAGE
OWNERSHIP

	
 

	
OWNER

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
EMCOR Group,
Inc.

	
 

	
Delaware

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
EMCOR
Government Services, Inc.

	
 

	
Maryland

	
 

	
100%

	
 

	
EMCOR
Facilities Services, Inc.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Aircond
Corporation

	
 

	
Georgia

	
 

	
100%

	
 

	
EMCOR
Facilities Services, Inc.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
The Betlem
Service Corporation

	
 

	
New York

	
 

	
100%

	
 

	
EMCOR
Facilities Services, Inc.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
CES
Facilities Management Services, Inc.

	
 

	
Maryland

	
 

	
100%

	
 

	
EMCOR
Government Services, Inc.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Combustioneer
Corporation

	
 

	
Maryland

	
 

	
100%

	
 

	
EMCOR
Facilities Services, Inc.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
EMCOR
Services Team Mechanical, Inc.

	
 

	
Delaware

	
 

	
100%

	
 

	
EMCOR
Facilities Services, Inc.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Trimech
Plumbing, LLC

	
 

	
Delaware

	
 

	
100%

	
 

	
EMCOR
Services New York/New Jersey, Inc.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Viox
Services, Inc.

	
 

	
Ohio

	
 

	
100%

	
 

	
EMCOR
Facilities Services, Inc.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Harry Pepper
& Associates, Inc.

	
 

	
Florida

	
 

	
100%

	
 

	
EMCOR
Government Services, Inc.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Dyn
Specialty Contracting, Inc.

	
 

	
Virginia

	
 

	
100%

	
 

	
EMCOR
Construction Services, Inc.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Dynalectric
Company

	
 

	
Delaware

	
 

	
100%

	
 

	
DYN
Specialty Contracting, Inc.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Dynalectric
Company of Nevada

	
 

	
Nevada

	
 

	
100%

	
 

	
DYN
Specialty Contracting, Inc.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Contra Costa
Electric

	
 

	
California

	
 

	
100%

	
 

	
DYN
Specialty Contracting, Inc.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
KDC Inc.

	
 

	
California

	
 

	
100%

	
 

	
DYN
Specialty Contracting, Inc.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
NAME

	
 

	
JURISDICTION OF
INCORPORATION

	
 

	
PERCENTAGE
OWNERSHIP

	
 

	
OWNER

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
EMCOR
Construction Services, Inc.

	
 

	
Delaware

	
 

	
100%

	
 

	
MES Holdings
Corp.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
EMCOR
Mechanical/Electrical Services (East), Inc.

	
 

	
Delaware

	
 

	
100%

	
 

	
EMCOR
Construction Services, Inc.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Heritage Mechanical
Services, Inc.

	
 

	
New York

	
 

	
100%

	
 

	
EMCOR
Mechanical/Electrical Services (East), Inc.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Welsbach
Electric Corp.

	
 

	
Delaware

	
 

	
100%

	
 

	
EMCOR
Mechanical/Electrical Services (East), Inc.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Forest
Electric Corp.

	
 

	
New York

	
 

	
100%

	
 

	
EMCOR
Mechanical/Electrical Services (East), Inc.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Welsbach
Electric Corp. of L.I.

	
 

	
New York

	
 

	
100%

	
 

	
EMCOR
Mechanical/Electrical Services (East), Inc.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Penguin
Maintenance and Services, Inc.

	
 

	
Delaware

	
 

	
100%

	
 

	
EMCOR
Mechanical/Electrical Services (East), Inc.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Penguin Air
Conditioning Corp.

	
 

	
New York

	
 

	
100%

	
 

	
EMCOR
Mechanical/Electrical Services (East), Inc.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Inte-Fac
Corp.

	
 

	
New York

	
 

	
100%

	
 

	
EMCOR
Mechanical/Electrical Services (East), Inc.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
R.S.
Harritan & Company, Inc.

	
 

	
Virginia

	
 

	
100%

	
 

	
EMCOR
Mechanical/Electrical Services (East), Inc.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
J.C. Higgins
Corp.

	
 

	
Delaware

	
 

	
100%

	
 

	
EMCOR
Mechanical/Electrical Services (East), Inc.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
New England
Mechanical Services of Massachusetts, Inc.

	
 

	
Massachusetts

	
 

	
100%

	
 

	
New England
Mechanical Services, Inc.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
New England
Mechanical Services, Inc.

	
 

	
Connecticut

	
 

	
100%

	
 

	
EMCOR
Facilities Services, Inc.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Labov
Mechanical, Inc.

	
 

	
Delaware

	
 

	
100%

	
 

	
J.C. Higgins
Corp.

-2-

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
NAME

	
 

	
JURISDICTION OF
INCORPORATION

	
 

	
PERCENTAGE
OWNERSHIP

	
 

	
OWNER

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Midland Fire
Protection, Inc.

	
 

	
Rhode Island

	
 

	
100%

	
 

	
J.C. Higgins
Corp.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Professional
Mechanical Contractors, LLC

	
 

	
Connecticut

	
 

	
100%

	
 

	
J.C. Higgins
Corp.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Labov
Plumbing, Inc.

	
 

	
Delaware

	
 

	
100%

	
 

	
Labov
Mechanical, Inc.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Duffy
Mechanical Corp.

	
 

	
Maryland

	
 

	
100%

	
 

	
EMCOR
Construction Services, Inc.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
EMCOR Hyre
Electric Co. of Indiana, Inc.

	
 

	
Delaware

	
 

	
100%

	
 

	
EMCOR
Construction Services, Inc.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Dynalectric
Company of Ohio

	
 

	
Ohio

	
 

	
100%

	
 

	
EMCOR
Construction Services, Inc.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Gibson
Electric Co., Inc.

	
 

	
New Jersey

	
 

	
100%

	
 

	
EMCOR
Construction Services, Inc.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Dynalectric
of Michigan II, Inc.

	
 

	
Delaware

	
 

	
100%

	
 

	
EMCOR
Construction Services, Inc.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
University
Mechanical & Engineering Contractors, Inc.

	
 

	
California

	
 

	
100%

	
 

	
EMCOR
Construction Services, Inc.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Pace
Mechanical Services II, Inc.

	
 

	
Michigan

	
 

	
100%

	
 

	
University
Mechanical & Engineering Contractors, Inc.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
DeBra-Kuempel
Inc.

	
 

	
Delaware

	
 

	
100%

	
 

	
EMCOR
Construction Services, Inc.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
University
Mechanical & Engineering Contractors, Inc.

	
 

	
Arizona

	
 

	
100%

	
 

	

University
Mechanical & Engineering Contractors, Inc., a California corporation

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Hansen
Mechanical Contractors, Inc.

	
 

	
Nevada

	
 

	
100%

	
 

	
University
Mechanical & Engineering Contractors, Inc., a California corporation

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Trautman
& Shreve, Inc.

	
 

	
Colorado

	
 

	
100%

	
 

	
University
Mechanical & Engineering Contractors, Inc., a California corporation

-3-

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
NAME

	
 

	
JURISDICTION OF
INCORPORATION

	
 

	
PERCENTAGE
OWNERSHIP

	
 

	
OWNER

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
EMCOR Gowan,
Inc.

	
 

	
Texas

	
 

	
100%

	
 

	
EMCOR
Construction Services, Inc.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
EMCOR
International, Inc.

	
 

	
Delaware

	
 

	
100%

	
 

	
MES Holdings
Corporation

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Marelich
Mechanical Co., Inc.

	
 

	
California

	
 

	
100%

	
 

	
EMCOR
Construction Services, Inc.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Design Air,
Limited

	
 

	
Washington

	
 

	
100%

	
 

	
EMCOR
Construction Services, Inc.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
S.A.
Comunale Co., Inc.

	
 

	
Ohio

	
 

	
100%

	
 

	
EMCOR
Construction Services, Inc.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Performance
Mechanical, Inc.

	
 

	
California

	
 

	
100%

	
 

	
EMCOR
Construction Services, Inc.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Bahnson
Holdings, Inc.

	
 

	
North Carolina

	
 

	
100%

	
 

	
EMCOR
Construction Services, Inc.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Bahnson,
Inc.

	
 

	
North Carolina

	
 

	
100%

	
 

	
Bahnson
Holdings, Inc.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Mechanical
Specialties Contractors, Inc.

	
 

	
North Carolina

	
 

	
100%

	
 

	
Bahnson,
Inc.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Bahnson
Environmental Specialties, LLC

	
 

	
North Carolina

	
 

	
100%

	
 

	
Bahnson,
Inc.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Intermech,
Inc.

	
 

	
Delaware

	
 

	
100%

	
 

	
Bahnson,
Inc.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
University
Marelich Mechanical, Inc.

	
 

	
California

	
 

	
100%

	
 

	
EMCOR
Construction Services, Inc.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
EMCOR Energy
Services, Inc.

	
 

	
Delaware

	
 

	
100%

	
 

	
EMCOR
Mechanical/Electrical Services (East), Inc.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
EMCOR
Facilities Services, Inc.

	
 

	
Delaware

	
 

	
100%

	
 

	
MES Holdings
Corporation

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Mesa Energy
Systems, Inc.

	
 

	
California

	
 

	
100%

	
 

	
EMCOR
Facilities Services, Inc.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
MOR PPM,
Inc.

	
 

	
South Carolina

	
 

	
100%

	
 

	
EMCOR
Facilities Services, Inc.

-4-

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
NAME

	
 

	
JURISDICTION OF
INCORPORATION

	
 

	
PERCENTAGE
OWNERSHIP

	
 

	
OWNER

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
EMCOR
Services Northeast, Inc.

	
 

	
Massachusetts

	
 

	
100%

	
 

	
EMCOR
Facilities Services, Inc.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Mechanical
Services of Central Florida, Inc.

	
 

	
Florida

	
 

	
100%

	
 

	
EMCOR
Facilities Services, Inc.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
EMCOR
Services New York/New Jersey, Inc.

	
 

	
New York

	
 

	
100%

	
 

	
EMCOR
Facilities Services, Inc.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Building
Technology Engineers, Inc.

	
 

	
Massachusetts

	
 

	
100%

	
 

	
EMCOR Facilities
Services, Inc.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Fluidics,
Inc.

	
 

	
Pennsylvania

	
 

	
100%

	
 

	
EMCOR
Facilities Services, Inc.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
EMCOR
Services Arizona, Inc

	
 

	
Delaware

	
 

	
100%

	
 

	
EMCOR
Facilities Services, Inc.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Scalise
Industries Corporation

	
 

	
Pennsylvania

	
 

	
100%

	
 

	
EMCOR Facilities
Services, Inc.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
EMCOR
Services CES, Inc.

	
 

	
Delware

	
 

	
100%

	
 

	
EMCOR
Facilities Services, Inc.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Air Systems,
Inc.

	
 

	
California

	
 

	
100%

	
 

	
EMCOR
Facilities Services, Inc.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
L.T.
Mechanical, Inc.

	
 

	
North Carolina

	
 

	
100%

	
 

	
EMCOR
Facilities Services, Inc.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
USM Services
Holdings, Inc.

	
 

	
Delaware

	
 

	
100%

	
 

	
EMCOR
Facilities Services, Inc.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
USM
(Delaware) Inc.

	
 

	
Delaware

	
 

	
100%

	
 

	
USM Services
Holdings, Inc.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
USM, Inc.

	
 

	
Pennsylvania

	
 

	
100%

	
 

	
USM
(Delaware) Inc.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Monumental
Investment Corporation

	
 

	
Maryland

	
 

	
100%

	
 

	
MES Holdings
Corporation

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
The Poole
and Kent Corporation

	
 

	
Maryland

	
 

	
100%

	
 

	
Monumental
Investment Corporation

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Poole and
Kent - Connecticut, Inc.

	
 

	
Maryland

	
 

	
100%

	
 

	
Monumental
Investment Corporation

-5-

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
NAME

	
 

	
JURISDICTION OF
INCORPORATION

	
 

	
PERCENTAGE
OWNERSHIP

	
 

	
OWNER

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Poole and
Kent - New England, Inc.

	
 

	
Maryland

	
 

	
100%

	
 

	
Monumental
Investment Corporation

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Monumental
Heating, Ventilating and Air Conditioning Contractors, Inc.

	
 

	
Maryland

	
 

	
100%

	
 

	
Monumental
Investment Corporation

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Forti/Poole
and Kent, L.L.C.

	
 

	
Maryland

	
 

	
100%

	
 

	
Monumental
Heating, Ventilating and Air Conditioning Contractors, Inc.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
HVAC, Ltd.

	
 

	
Maryland

	
 

	
100%

	
 

	
Monumental
Investment Corporation

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Great
Monument Construction Company

	
 

	
Maryland

	
 

	
100%

	
 

	
HVAC, Ltd.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Atlantic Coast
Mechanical, Inc.

	
 

	
Maryland

	
 

	
100%

	
 

	
HVAC, Ltd.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
The Poole
and Kent Company

	
 

	
Maryland

	
 

	
100%

	
 

	
Monumental
Investment Corporation

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Poole &
Kent Company of Florida

	
 

	
Delaware

	
 

	
100%

	
 

	
MES Holdings
Corporation

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
EMCOR-CSI
Holding Co.

	
 

	
Delaware

	
 

	
100%

	
 

	
MES Holdings
Corporation

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
CSUSA
Holdings, L. L. C.

	
 

	
Delaware

	
 

	
100%

	
 

	
EMCOR CSI
Holding Co.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
CS48
Acquisition Corp.

	
 

	
Delaware

	
 

	
100%

	
 

	
CSUSA
Holdings, LLC

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Shambaugh
& Son, L.P.

	
 

	
Texas

	
 

	
General Partner

	
 

	
CSUSA
Holdings, LLC

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Texas

	
 

	
Limited Partner

	
 

	
CS48
Acquisition Corp.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Border
Electric Co., L.P.

	
 

	
Texas

	
 

	
General Partner

	
 

	
CSUSA
Holdings, LLC

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Texas

	
 

	
Limited Partner

	
 

	
CS48
Acquisition Corp.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Border
Mechanical Co., L.P.

	
 

	
Texas

	
 

	
General Partner

	
 

	
CSUSA
Holdings, LLC

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Texas

	
 

	
Limited Partner

	
 

	
CS48
Acquisition Corp.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Central
Mechanical Construction Co., Inc.

	
 

	
Delaware

	
 

	
100%

	
 

	
EMCOR CSI
Holding Co.

-6-

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
NAME

	
 

	
JURISDICTION OF
INCORPORATION

	
 

	
PERCENTAGE
OWNERSHIP

	
 

	
OWNER

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
F & G
Mechanical Corporation

	
 

	
Delaware

	
 

	
90%

	
 

	
EMCOR CSI
Holding Co.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
F & G
Plumbing, Inc.

	
 

	
New Jersey

	
 

	
100%

	
 

	
F & G
Mechanical Corporation

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
F & G
Management, Inc.

	
 

	
Delaware

	
 

	
100%

	
 

	
EMCOR CSI
Holding Co.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Hillcrest
Sheet Metal, Inc.

	
 

	
Delaware

	
 

	
100%

	
 

	
EMCOR CSI
Holding Co.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Illingworth-Kilgust
Mechanical, Inc.

	
 

	
Delaware

	
 

	
100%

	
 

	
EMCOR CSI
Holding Co.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Kuempel
Service, Inc.

	
 

	
Ohio

	
 

	
100%

	
 

	
EMCOR CSI
Holding Co.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Lowrie
Electric Company

	
 

	
Tennessee

	
 

	
100%

	
 

	
EMCOR CSI
Holding Co.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Mandell
Mechanical Corporation

	
 

	
New York

	
 

	
100%

	
 

	
EMCOR
Mechanical/Electrical Services (East), Inc.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Maximum
Refrigeration & Air Conditioning Corp.

	
 

	
Delaware

	
 

	
100%

	
 

	
EMCOR CSI
Holding Co.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Meadowlands
Fire Protection Corp.

	
 

	
New Jersey

	
 

	
100%

	
 

	
EMCOR CSI
Holding Co.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
North Jersey
Mechanical Contractors, Inc.

	
 

	
New Jersey

	
 

	
100%

	
 

	
EMCOR CSI
Holding Co.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Nogle &
Black Mechanical, Inc.

	
 

	
Delaware

	
 

	
100%

	
 

	
EMCOR CSI
Holding Co.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
The Fagan
Company

	
 

	
Kansas

	
 

	
100%

	
 

	
EMCOR CSI
Holding Co.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Walker J
Walker, Inc.

	
 

	
Tennessee

	
 

	
100%

	
 

	
EMCOR CSI Holding
Co.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
MES Holdings
Corporation

	
 

	
Delaware

	
 

	
100%

	
 

	
EMCOR Group,
Inc.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
FR X
Ohmstede Acquisitions Co.

	
 

	
Delaware

	
 

	
100%

	
 

	
EMCOR
Facilities Services, Inc.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
HNT Holdings
Inc.

	
 

	
Delaware

	
 

	
100%

	
 

	
FR X
Ohmstede Acquisitions Co.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Ohmstede
Partners LLC

	
 

	
Delaware

	
 

	
100%

	
 

	
HNT Holdings
Inc.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Ohmstede
Holdings LLC

	
 

	
Delaware

	
 

	
100%

	
 

	
HNT Holdings
Inc.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Ohmstede
Ltd.

	
 

	
Texas

	
 

	
1%

	
 

	
Ohmstede
Partners LLC

	
 

	
 

	
 

	
 

	
99%

	
 

	
Ohmstede
Holdings LLC

-7-

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
NAME

	
 

	
JURISDICTION OF
INCORPORATION

	
 

	
PERCENTAGE
OWNERSHIP

	
 

	
OWNER

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Ohmstede
Industrial Services, Inc.

	
 

	
Texas

	
 

	
100%

	
 

	
Ohmstede
Ltd.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Beaumont
Real Estate Holding Company

	
 

	
Texas

	
 

	
100%

	
 

	
Ohmstede
Ltd.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Redman
Equipment & Manufacturing Company

	
 

	
California

	
 

	
100%

	
 

	
Ohmstede
Ltd.

-8-

Schedule
5.2

Restricted Subsidiaries

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
NAME

	
 

	
JURISDICTION OF
INCORPORATION

	
 

	
PERCENTAGE
OWNERSHIP  

	
 

	
OWNER

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Aircond
Corporation

	
 

	
Georgia

	
 

	
100%

	
 

	
EMCOR
Facilities Services, Inc.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
The Betlem
Service Corporation

	
 

	
New York

	
 

	
100%

	
 

	
EMCOR Facilities
Services, Inc.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
CES
Facilities Management Services, Inc.

	
 

	
Maryland

	
 

	
100%

	
 

	
EMCOR
Government Services, Inc.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Combustioneer
Corporation

	
 

	
Maryland

	
 

	
100%

	
 

	
EMCOR
Facilities Services, Inc.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
EMCOR
Services Team Mechanical, Inc.

	
 

	
Delaware

	
 

	
100%

	
 

	
EMCOR
Facilities Services, Inc.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Harry Pepper
& Associates, Inc.

	
 

	
Florida

	
 

	
100%

	
 

	
EMCOR
Government Services, Inc.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Illingworth
Corporation

	
 

	
Wisconsin

	
 

	
100%

	
 

	
EMCOR CSI
Holding Co.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
New England
Mechanical Services of Massachusetts, Inc.

	
 

	
Massachusetts

	
 

	
100%

	
 

	
New England
Mechanical Services, Inc.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
New England
Mechanical Services, Inc.

	
 

	
Connecticut

	
 

	
100%

	
 

	
EMCOR
Facilities Services, Inc.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Trimech
Plumbing, L.L.C.

	
 

	
Delaware

	
 

	
90%

	
 

	
EMCOR
Services New York/New Jersey, Inc.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Viox
Services, Inc.

	
 

	
Ohio

	
 

	
100%

	
 

	
EMCOR
Facilities Services, Inc.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
DYN
Specialty Contracting, Inc.

	
 

	
Virginia

	
 

	
100%

	
 

	
EMCOR
Construction Services, Inc.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Dynalectric
Company

	
 

	
Delaware

	
 

	
100%

	
 

	
DYN
Specialty Contracting, Inc.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Dynalectric
Company of Nevada

	
 

	
Nevada

	
 

	
100%

	
 

	
DYN
Specialty Contracting, Inc.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Contra Costa
Electric, Inc.

	
 

	
California

	
 

	
100%

	
 

	
DYN
Specialty Contracting, Inc.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
NAME

	
 

	
JURISDICTION OF
INCORPORATION

	
 

	
PERCENTAGE
OWNERSHIP  

	
 

	
OWNER

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
KDC Inc.

	
 

	
California

	
 

	
100%

	
 

	
DYN
Specialty Contracting, Inc.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
EMCOR
Construction Services, Inc.

	
 

	
Delaware

	
 

	
100%

	
 

	
MES Holdings
Corp.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Defender
Indemnity, Ltd.

	
 

	
Vermont

	
 

	
100%

	
 

	
EMCOR Risk
Holdings, Inc.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
EMCOR Risk
Holdings, Inc.

	
 

	
Delaware

	
 

	
100%

	
 

	
MES Holdings
Corp.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
EMCOR
Mechanical/Electrical Services, (East), Inc.

	
 

	
Delaware

	
 

	
100%

	
 

	
EMCOR
Construction Services, Inc.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Heritage
Mechanical Services, Inc.

	
 

	
New York

	
 

	
100%

	
 

	
EMCOR
Mechanical/Electrical Services (East), Inc.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Heritage
M& S, Inc.

	
 

	
New York

	
 

	
100%

	
 

	
EMCOR
Mechanical/Electrical Services (East), Inc.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Welsbach
Electric Corp.

	
 

	
Delaware

	
 

	
100%

	
 

	
EMCOR
Mechanical/Electrical Services (East), Inc.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Welsbach
Electric Corp. of L.I.

	
 

	
New York

	
 

	
100%

	
 

	
EMCOR Mechanical/Electrical
Services (East), Inc.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Forest
Electric Corp.

	
 

	
New York

	
 

	
100%

	
 

	
EMCOR
Mechanical/Electrical Services (East), Inc.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Penguin
Maintenance and Services, Inc.

	
 

	
Delaware

	
 

	
100%

	
 

	
EMCOR
Mechanical/Electrical Services (East), Inc.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Inte-Fac
Corp.

	
 

	
New York

	
 

	
100%

	
 

	
EMCOR
Mechanical/Electrical Services (East), Inc.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Penguin Air
Conditioning Corp.

	
 

	
New York

	
 

	
100%

	
 

	
EMCOR
Mechanical/Electrical Services (East), Inc.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
R.S.
Harritan & Company, Inc.

	
 

	
Virginia

	
 

	
100%

	
 

	
EMCOR
Mechanical/Electrical Services (East), Inc.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
J.C. Higgins
Corp.

	
 

	
Delaware

	
 

	
100%

	
 

	
EMCOR
Mechanical/Electrical Services (East), Inc.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Tucker
Mechanical, Inc.

	
 

	
Connecticut

	
 

	
100%

	
 

	
EMCOR
Mechanical/Electrical Services (East), Inc.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Midland Fire
Protection, Inc.

	
 

	
Rhode Island

	
 

	
100%

	
 

	
J. C.
Higgins Corp.

-2-

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
NAME

	
 

	
JURISDICTION OF
INCORPORATION

	
 

	
PERCENTAGE
OWNERSHIP  

	
 

	
OWNER

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Professional
Mechanical Contractors, LLC

	
 

	
Connecticut

	
 

	
100%

	
 

	
J.C. Higgins
Corp.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Labov Mechanical,
Inc.

	
 

	
Delaware

	
 

	
100%

	
 

	
J.C. Higgins
Corp.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Labov
Plumbing, Inc.

	
 

	
Delaware

	
 

	
100%

	
 

	
Labov
Mechanical, Inc.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Duffy
Mechanical Corp.

	
 

	
Maryland

	
 

	
100%

	
 

	
EMCOR
Construction Services, Inc.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
EMCOR
Facilities Services, Inc.

	
 

	
Delaware

	
 

	
100%

	
 

	
MES Holdings
Corp.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Mesa Energy
Systems, Inc.

	
 

	
California

	
 

	
100%

	
 

	
EMCOR
Facilities Services, Inc. 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Newcomb
Anderson Associates

	
 

	
California

	
 

	
100%

	
 

	
EMCOR
Facilities Services, Inc.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
EMCOR
Services Northeast, Inc.

	
 

	
Massachusetts

	
 

	
100%

	
 

	
EMCOR
Facilities Services, Inc.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
EMCOR
Services Arizona, Inc.

	
 

	
Delaware

	
 

	
100%

	
 

	
EMCOR
Facilities Services, Inc.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
EMCOR
Government Services, Inc.

	
 

	
Maryland

	
 

	
100%

	
 

	
EMCOR
Facilities Services, Inc.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
EMCOR
Services New York/New Jersey, Inc.

	
 

	
New York

	
 

	
100%

	
 

	
EMCOR
Facilities Services, Inc.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Consolidated
Engineering Services, Inc.

	
 

	
Maryland

	
 

	
100%

	
 

	
EMCOR
Facilities Services, Inc.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Building
Technology Engineers, Inc.

	
 

	
Massachusetts

	
 

	
100%

	
 

	
EMCOR
Facilities Services, Inc.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Fluidics,
Inc.

	
 

	
Pennsylvania

	
 

	
100%

	
 

	
EMCOR
Facilities Services, Inc.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Air Systems,
Inc.

	
 

	
California

	
 

	
100%

	
 

	
EMCOR
Facilities Services, Inc.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Trimech
Corporation

	
 

	
New Jersey

	
 

	
100%

	
 

	
EMCOR
Facilities Services, Inc.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Gotham Air
Conditioning Service, Inc.

	
 

	
New York

	
 

	
100%

	
 

	
EMCOR
Facilities Services, Inc.

-3-

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
NAME

	
 

	
JURISDICTION OF
INCORPORATION

	
 

	
PERCENTAGE
OWNERSHIP  

	
 

	
OWNER

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Dynalectric
Company of Ohio

	
 

	
Ohio

	
 

	
100%

	
 

	
EMCOR
Construction Services, Inc.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Mechanical
Services of Central Florida, Inc.

	
 

	
Florida

	
 

	
100%

	
 

	
EMCOR
Facilities Services, Inc.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Scalise
Industries Corporation

	
 

	
Pennsylvania

	
 

	
100%

	
 

	
EMCOR
Facilities Services, Inc.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
EMCOR
Services CES, Inc.

	
 

	
Delaware

	
 

	
100%

	
 

	
EMCOR
Facilities Services, Inc.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
MOR PPM,
Inc.

	
 

	
South Carolina

	
 

	
100%

	
 

	
EMCOR
Facilities Services, Inc.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
L.T.
Mechanical, Inc.

	
 

	
North Carolina

	
 

	
100%

	
 

	
EMCOR
Facilities Services, Inc.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
USM Services
Holdings, Inc.

	
 

	
Delaware

	
 

	
100%

	
 

	
EMCOR
Facilities Services, Inc.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
USM
(Delaware) Inc.

	
 

	
Delaware

	
 

	
100%

	
 

	
USM Services
Holdings, Inc.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
USM, Inc.

	
 

	
Pennsylvania

	
 

	
100%

	
 

	
USM
(Delaware) Inc.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Dynalectric
of Michigan II, Inc.

	
 

	
Delaware

	
 

	
100%

	
 

	
EMCOR
Construction Services, Inc.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Gibson
Electric Co., Inc.

	
 

	
New Jersey

	
 

	
100%

	
 

	
EMCOR
Construction Services, Inc.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
EMCOR Hyre
Electric Co. of Indiana, Inc.

	
 

	
Delaware

	
 

	
100%

	
 

	
EMCOR
Construction Services, Inc.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
DeBra-Kuempel
Inc.

	
 

	
Delaware

	
 

	
100%

	
 

	
EMCOR
Construction Services, Inc.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
University Mechanical
& Engineering Contractors, Inc.

	
 

	
California

	
 

	
100%

	
 

	
EMCOR
Construction Services, Inc.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
S. A.
Comunale Co., Inc.

	
 

	
Ohio

	
 

	
100%

	
 

	
EMCOR
Construction Services, Inc.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Performance
Mechanical, Inc.

	
 

	
California

	
 

	
100%

	
 

	
EMCOR
Construction Services, Inc.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Bahnson
Holdings, Inc.

	
 

	
North Carolina

	
 

	
100%

	
 

	
EMCOR
Construction Services, Inc.

-4-

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
NAME

	
 

	
JURISDICTION OF
INCORPORATION

	
 

	
PERCENTAGE
OWNERSHIP  

	
 

	
OWNER

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Bahnson,
Inc.

	
 

	
North Carolina

	
 

	
100%

	
 

	
Bahnson
Holdings, Inc.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Mechanical
Specialties Contractors, Inc.

	
 

	
North Carolina

	
 

	
100%

	
 

	
Bahnson,
Inc.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Bahnson
Environmental Specialties, LLC

	
 

	
North Carolina

	
 

	
100%

	
 

	
Bahnson,
Inc.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Intermech,
Inc.

	
 

	
North Carolina

	
 

	
100%

	
 

	
Bahnson,
Inc.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
BALCO, Inc.

	
 

	
Massachusetts

	
 

	
100%

	
 

	
EMCOR
Construction Services, Inc.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Commonwealth
Air Conditioning and Heating, Inc.

	
 

	
Massachusetts

	
 

	
100%

	
 

	
EMCOR
Construction Services, Inc.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
CommAir,
Inc.

	
 

	
Massachusetts

	
 

	
100%

	
 

	
EMCOR
Construction Services, Inc.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Pace Mechanical
Services II, Inc.

	
 

	
Michigan

	
 

	
100%

	
 

	
University
Mechanical & Engineering Contractors, Inc.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
University
Mechanical & Engineering Contractors, Inc.

	
 

	
Arizona

	
 

	
100%

	
 

	

University
Mechanical & Engineering Contractors, Inc., a California corporation

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
MES Holdings
Corporation

	
 

	
Delaware

	
 

	
100%

	
 

	
EMCOR Group,
Inc.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Hansen
Mechanical Contractors, Inc.

	
 

	
Nevada

	
 

	
100%

	
 

	
University
Mechanical & Engineering Contractors, Inc., a California corporation

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Trautman
& Shreve, Inc.

	
 

	
Colorado

	
 

	
100%

	
 

	
University
Mechanical & Engineering Contractors, Inc., a California corporation

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Marelich
Mechanical Co., Inc.

	
 

	
California

	
 

	
100%

	
 

	
EMCOR
Construction Services, Inc.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Design Air,
Limited

	
 

	
Washington

	
 

	
100%

	
 

	
EMCOR
Construction Services, Inc.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
EMCOR Gowan,
Inc.

	
 

	
Texas

	
 

	
100%

	
 

	
EMCOR
Construction Services, Inc.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
University
Marelich Mechanical, Inc.

	
 

	
Delaware

	
 

	
100%

	
 

	
EMCOR
Construction Services, Inc.

-5-

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
NAME

	
 

	
JURISDICTION OF
INCORPORATION

	
 

	
PERCENTAGE
OWNERSHIP  

	
 

	
OWNER

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
EMCOR Energy
Services, Inc.

	
 

	
Delaware

	
 

	
100%

	
 

	
EMCOR
Mechanical/Electrical Services (East), Inc. 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
EMCOR
International, Inc.

	
 

	
Delaware

	
 

	
100%

	
 

	
MES Holdings
Corp.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Monumental
Investment Corporation

	
 

	
Maryland

	
 

	
100%

	
 

	
MES Holdings
Corporation

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
The Poole
and Kent Corporation

	
 

	
Maryland

	
 

	
100%

	
 

	
Monumental
Investment Corporation

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Poole and
Kent – Connecticut, Inc.

	
 

	
Maryland

	
 

	
100%

	
 

	
Monumental
Investment Corporation

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Poole and
Kent – New England, Inc.

	
 

	
Maryland

	
 

	
100%

	
 

	
Monumental
Investment Corporation

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Poole &
Kent Company of Florida

	
 

	
Delaware

	
 

	
100%

	
 

	
MES Holdings
Corporation

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Monumental
Heating, Ventilating and Air Conditioning Contractors, Inc.

	
 

	
Maryland

	
 

	
100%

	
 

	
Monumental
Investment Corporation

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Forti/Poole
and Kent L.L.C.

	
 

	
Maryland

	
 

	
100%

	
 

	
Monumental
Heating, Ventilating and Air Conditioning Contractors, Inc.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
HVAC, Ltd.

	
 

	
Maryland

	
 

	
100%

	
 

	
Monumental
Investment Corporation

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Atlantic
Coast Mechanical, Inc.

	
 

	
Maryland

	
 

	
100%

	
 

	
HVAC, Ltd.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Great
Monument Construction Company

	
 

	
Maryland

	
 

	
100%

	
 

	
HVAC, Ltd.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
The Poole
and Kent Company

	
 

	
Maryland

	
 

	
100%

	
 

	
Monumental
Investment Corporation

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
EMCOR-CSI
Holdings Co.

	
 

	
Delaware

	
 

	
100%

	
 

	
MES Holdings
Corporation

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
CSUSA
Holdings L.L.C.

	
 

	
Delaware

	
 

	
100%

	
 

	
EMCOR CSI
Holding Co.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
CS48
Acquisition Corp.

	
 

	
Delaware

	
 

	
100%

	
 

	
CSUSA
Holdings L.L.C.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Shambaugh
& Son, L.P.

	
 

	
Texas

	
 

	
General Partner

	
 

	
CSUSA
Holdings L.L.C.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Shambaugh
& Son, L.P.

	
 

	
Texas

	
 

	
Limited Partner

	
 

	
CS48 Acquisition
Corp.

-6-

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
NAME

	
 

	
JURISDICTION OF
INCORPORATION

	
 

	
PERCENTAGE
OWNERSHIP  

	
 

	
OWNER

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Border
Electric Co., L.P.

	
 

	
Texas

	
 

	
General Partner

	
 

	
CSUSA
Holdings L.L.C.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Border
Electric Co., L.P.

	
 

	
Texas

	
 

	
Limited Partner

	
 

	
CS48
Acquisition Corp.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Border
Mechanical Co., L.P.

	
 

	
Texas

	
 

	
General Partner

	
 

	
CSUSA
Holdings L.L.C.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Border
Mechanical Co., L.P.

	
 

	
Texas

	
 

	
Limited Partner

	
 

	
CS48
Acquisition Corp.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
AM
Contractors 1, Inc.

	
 

	
Michigan

	
 

	
100%

	
 

	
EMCOR CSI
Holding Co.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Central
Mechanical Construction Co., Inc.

	
 

	
Delaware

	
 

	
100%

	
 

	
EMCOR CSI
Holding Co.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
F & G
Mechanical Corporation

	
 

	
Delaware

	
 

	
90%

	
 

	
EMCOR CSI
Holding Co.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
F & G
Plumbing, Inc.

	
 

	
Delaware

	
 

	
100%

	
 

	
F & G
Mechanical Corporation

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
F & G
Management, Inc.

	
 

	
Delaware

	
 

	
100%

	
 

	
EMCOR CSI
Holdings, L.L.C. 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Hillcrest
Sheet Metal, Inc.

	
 

	
Delaware

	
 

	
100%

	
 

	
EMCOR CSI
Holding Co.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Illingworth-Kilgust
Mechanical, Inc.

	
 

	
Delaware

	
 

	
100%

	
 

	
EMCOR CSI
Holding Co.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Kilgust
Mechanical, Inc.

	
 

	
Wisconsin

	
 

	
100%

	
 

	
EMCOR CSI
Holding Co.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Kuempel
Service, Inc.

	
 

	
Ohio

	
 

	
100%

	
 

	
EMCOR CSI
Holding Co.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Lowrie
Electric Company, Inc.

	
 

	
Tennessee

	
 

	
100%

	
 

	
EMCOR CSI
Holding Co.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Mandell
Mechanical Corporation

	
 

	
New York

	
 

	
100%

	
 

	
EMCOR
Mechanical/Electrical Services (East), Inc.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Maximum
Refrigeration & Air Conditioning Corp.

	
 

	
Delaware

	
 

	
100%

	
 

	
EMCOR CSI
Holding Co.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Meadowlands
Fire Protection Corp.

	
 

	
New Jersey

	
 

	
100%

	
 

	
EMCOR CSI
Holding Co.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Nogle &
Black Mechanical, Inc.

	
 

	
Delaware

	
 

	
100%

	
 

	
EMCOR CSI
Holding Co.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
North Jersey
Mechanical Contractors, Inc.

	
 

	
New Jersey

	
 

	
100%

	
 

	
EMCOR CSI
Holding Co.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
The Fagan
Company

	
 

	
Kansas

	
 

	
100%

	
 

	
EMCOR CSI
Holding Co.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Walker-J-Walker,
Inc.

	
 

	
Tennessee

	
 

	
100%

	
 

	
EMCOR CSI
Holding Co.

-7-

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
NAME

	
 

	
JURISDICTION OF
INCORPORATION

	
 

	
PERCENTAGE
OWNERSHIP  

	
 

	
OWNER

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
FR X
Ohmstede Acquisitions Co

	
 

	
Delaware

	
 

	
100%

	
 

	
EMCOR
Facilities Services, Inc.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
HNT Holdings
Inc.

	
 

	
Delaware

	
 

	
100%

	
 

	
FR X
Ohmstede Acquisitions Co.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Ohmstede
Partners LLC

	
 

	
Delaware

	
 

	
100%

	
 

	
HNT Holdings
Inc.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Ohmstede
Holdings LLC

	
 

	
Delaware

	
 

	
100%

	
 

	
HNT Holdings
Inc.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Ohmstede
Ltd.

	
 

	
Texas

	
 

	
1%

	
 

	
Ohmstede
Partners LLC

	
 

	
 

	
 

	
 

	
99%

	
 

	
Ohmstede
Holdings LLC

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Ohmstede
Industrial Services, Inc

	
 

	
Texas

	
 

	
100%

	
 

	
Ohmstede
Ltd.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Beaumont
Real Estate Holding Company

	
 

	
Texas

	
 

	
100%

	
 

	
Ohmstede
Ltd. 

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Redman
Equipment & Manufacturing Company

	
 

	
California

	
 

	
100%

	
 

	
Ohmstede
Ltd.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
EMCOR
Facilities Services (PR), Inc.*

	
 

	
Puerto Rico

	
 

	
100%

	
 

	
EMCOR International,
Inc.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
EMCOR (UK)
Limited

	
 

	
UK

	
 

	
100%

	
 

	
EMCOR
International, Inc.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
EMCOR Group
(UK) plc

	
 

	
UK

	
 

	
100%

	
 

	
EMCOR (UK)
Limited

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
EMCOR
Facilities Services Ltd.

	
 

	
UK

	
 

	
100%

	
 

	
EMCOR Group
(UK) plc

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Drake &
Scull Airport Services, Ltd.

	
 

	
UK

	
 

	
100%

	
 

	
EMCOR Group
(UK) plc

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
EMCOR Energy
Services, Ltd.

	
 

	
UK

	
 

	
100%

	
 

	
EMCOR Group
(UK) plc

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Drake &
Scull International, Ltd.

	
 

	
UK

	
 

	
100%

	
 

	
EMCOR Group
(UK) plc

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
EMCOR Rail
Ltd.

	
 

	
UK

	
 

	
100%

	
 

	
EMCOR Group
(UK) plc

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
EMCOR Energy
Services, Inc.

	
 

	
UK

	
 

	
100%

	
 

	
EMCOR Group
(UK) plc

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Drake
&Scull Holdings Ltd.

	
 

	
UK

	
 

	
100%

	
 

	
EMCOR Group
(UK) plc

	
 

	
 

	

	
*

	
designated foreign subsidiary.

-8-

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
NAME

	
 

	
JURISDICTION OF
INCORPORATION

	
 

	
PERCENTAGE
OWNERSHIP  

	
 

	
OWNER

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Delcommerce
(Contract Services) Ltd.

	
 

	
UK

	
 

	
100%

	
 

	
EMCOR (UK)
Limited

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Drake &
Scull (Scotland) Ltd.

	
 

	
UK

	
 

	
100%

	
 

	
EMCOR (UK)
Limited

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
DSE (Far
East) Ltd.

	
 

	
UK

	
 

	
100%

	
 

	
EMCOR Group
(UK) plc

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
BL
Distribution Ltd.

	
 

	
UK

	
 

	
100%

	
 

	
EMCOR (UK)
Limited

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Drake &
Scull Properties

	
 

	
UK

	
 

	
100%

	
 

	
EMCOR (UK)
Limited

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Businessland
Holdings Ltd.

	
 

	
UK

	
 

	
100%

	
 

	
EMCOR Group
(UK) plc

-9-

Foreign
Subsidiaries

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
NAME

	
 

	
JURISDICTION OF
INCORPORATION

	
 

	
PERCENTAGE
OWNERSHIP  

	
 

	
OWNER

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Emcor
(Cayman Islands) Ltd.*

	
 

	
Cayman
Islands

	
 

	
100%

	
 

	
EMCOR International
Inc.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Drake &
Scull (Cayman Islands) No. 2 Limited*

	
 

	
Cayman
Islands

	
 

	
100%

	
 

	
EMCOR
International Inc.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Drake &
Scull (Cayman Islands) No. 3 Limited*

	
 

	
Cayman
Islands

	
 

	
100%

	
 

	
EMCOR
International, Inc.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
EMCOR Drake
& Scull International Limited*

	
 

	
Jebel Ali
Free Zone

	
 

	
100%

	
 

	
Drake &
Scull (Cayman Islands) Ltd.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
JWP
Technical Services (Malaysia) Sdn Bhd*

	
 

	
Malaysia

	
 

	
100%

	
 

	
EMCOR
International Inc.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Drake &
Scull France EURL*

	
 

	
France

	
 

	
100%

	
 

	
EMCOR Group
(UK) plc

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Langgit
Tinggi Sdn Bhd*

	
 

	
Malaysia

	
 

	
100%

	
 

	
EMCOR (UK)
Ltd.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Poole and
Kent, Ltd.*

	
 

	
Bermuda

	
 

	
100%

	
 

	
Monumental
Investment Corporation

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Atlas
Indemnity, Ltd.*

	
 

	
Bermuda

	
 

	
100%

	
 

	
EMCOR Risk
Holdings, Inc.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
University
Mechanical de Mexico S.A. Dec.V.*

	
 

	
Mexico

	
 

	
98%

	
 

	

University
Mechanical & Engineering Contractors, Inc.

	
 

	
 

	
 

	

	
 

	
*

	
designated foreign subsidiary.

-10-

Unrestricted
Subsidiaries

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Name

	
 

	
Jurisdiction of
Incorporation

	
 

	
Percentage
Ownership

	
 

	
Owner

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Afgo
Engineering Corp. of Washington

	
 

	
Delaware

	
 

	
100%

	
 

	
Sellco
Corporation

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Antwerp
Education Center N.V.

	
 

	
Belgium

	
 

	
100%

	
 

	
Sellco
Corporation

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Businessland
Canada Ltd.

	
 

	
Canada

	
 

	
100%

	
 

	
JWP
Information Services, Inc.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Businessland
(Hong Kong) Limited

	
 

	
Hong Kong

	
 

	
100%

	
 

	
JWP
Information Services, Inc.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Drake &
Scull France SARL

	
 

	
France

	
 

	
100%

	
 

	
Sellco
Corporation

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Jamaica
Water Securities Corp.

	
 

	
New York

	
 

	
100%

	
 

	
Sellco
Corporation

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
JWP Espana
SA

	
 

	
Spain

	
 

	
100%

	
 

	
Sellco
Corporation

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
JWP/HCII
Corp.

	
 

	
Delaware

	
 

	
100%

	
 

	
Sellco
Corporation

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
JWP
Information Services, Inc.

	
 

	
California

	
 

	
100%

	
 

	
Sellco
Corporation

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
JWP
Information Services SARL

	
 

	
France

	
 

	
100%

	
 

	
Sellco
Corporation

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
JWP TS Corp.

	
 

	
New Jersey

	
 

	
100%

	
 

	
Sellco
Corporation

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Micro Avenue

	
 

	
Belgium

	
 

	
100%

	
 

	
Sellco
Corporation

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
MicroCom

	
 

	
Belgium

	
 

	
100%

	
 

	
Sellco
Corporation

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Sivea
Benelux

	
 

	
Belgium

	
 

	
100%

	
 

	
Sellco
Corporation

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
SLR
Constructors Inc.

	
 

	
New York

	
 

	
100%

	
 

	
Sellco
Corporation

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Teletime
Limited

	
 

	
Ontario

	
 

	
100%

	
 

	
Sellco
Corporation

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
Sellco
Corporation

	
 

	
Delaware

	
 

	
100%

	
 

	
EMCOR Group,
Inc.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
JWP Telecom,
Inc.

	
 

	
Delaware

	
 

	
100%

	
 

	
EMCOR Group,
Inc.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
MEC
Constructors, Inc.

	
 

	
Delaware

	
 

	
100%

	
 

	
MEC
Constructors, Inc.

	
 

	
 

	
 

	
 

	
 

	
 

	
 

	
JWP Technical
Services (C.N.M.I.), Inc.

	
 

	
Northern Marianas

	
 

	
100%

	
 

	
MEC
Constructors, Inc.

-11-

Schedule 7.10 

Indebtedness

          1. EMCOR
Group, Inc. and various EMCOR Subsidiaries

	
 

	
 

	
 

	
 

	
a.

	
$4.0 million
payable under finance leases and purchase money mortgages.

	
 

	
 

	
 

	
 

	
b.

	
EMCOR and its subsidiaries have guaranteed the obligations of one
another in respect of bonds issued by surety companies. Certain of these
obligations are secured by a lien upon the assets of each guarantor.

          2. The
information contained in Schedules 7.11 and 7.12 is hereby incorporated by
reference thereto.

Schedule 7.11

Liens

	
 

	
 

	
 

	
1.

	
EMCOR and
various EMCOR Subsidiaries

	
 

	
 

	
 

	
 

	
a.

	
EMCOR
subsidiaries have obtained bonds from surety companies. The agreements
pursuant to which the bonds were issued and will be issued in the future
provide that EMCOR and most EMCOR subsidiaries agree to hold such surety companies
harmless in respect of such bonds and grant liens upon certain of their
assets in favor of the bonding companies to secure such “hold harmless”
obligations.

	
 

	
 

	
 

	
 

	
b.

	
Miscellaneous
finance leases, purchase money mortgages and other liens relating EMCOR
subsidiaries securing obligations approximating $4.0 million.

	
 

	
 

	
 

	
2.

	
UK Companies

	
 

	
 

	
 

	
 

	
a.

	
Rent Deposit
Deed granted by EMCOR Group (UK) plc dated August 19, 2005 in favor Zurich
Assurance Limited. 

	
 

	
 

	
 

	
 

	
c.

	
Bank Account
Security Deed relating to Peacehaven Schools PFI Project in favor of ING Bank
by EMCOR Facilities Services Limited.

Schedule 7.12

Investments, Loans, Advances and Guaranties

	
 

	
 

	
 

	
 

	
 

	
 

	
Investments

	
 

	
Amount of investment

	
 

	
Payee or holder

	

	
 

	

	
 

	

	
 

	
 

	
 

	
 

	
 

	
 

	
1.

	
Colony
Holdings Ltd.

(Bermuda)

	
 

	
60,000
shares —12% interest

	
 

	
Monumental
Investment Corp.

	
 

	
 

	
 

	
 

	
 

	
 

	
2.

	
Baltimore
Ravens

	
 

	
License
(right) for 16 seats

	
 

	
The Poole
& Kent Corporation

	
 

	
 

	
 

	
 

	
 

	
 

	
3.

	
T.P.C. of
Boston

	
 

	
$35,000
investment in country

club membership

	
 

	
J. C.
Higgins Corp.

	
 

	
 

	
 

	
 

	
 

	
 

	
4.

	
Cash
Surrender Value of split

dollar insurance policy

	
 

	
$1,229,000

	
 

	
Penguin Air
Condition Corp.

	
 

	
 

	
 

	
 

	
 

	
 

	
5.

	
Cash
Surrender Value of split

dollar life insurance policy

	
 

	
$709,000

	
 

	
Shambaugh
& Son, LP

	
 

	
 

	
 

	
 

	
 

	
 

	
6.

	
F&G
Mechanical Inc.

(New York)

	
 

	
90 shares –
45% interest

	
 

	
F&G
Mechanical Corp.

	
 

	
 

	
 

	
 

	
 

	
 

	
7.

	
C & H
Services LLC

	
 

	
50% Interest

	
 

	
Ohmstede
Ltd.

Guaranties

The information contained in Schedules 7.11 and 7.12 is hereby
incorporated herein by reference thereto.EXHIBIT
4.1(b)

EMCOR GROUP, INC.

First
Supplement to Security Agreement

          THIS
FIRST SUPPLEMENT  TO SECURITY AGREEMENT (the “Supplement”)
is dated as of this 21st day of November, 2011 among EMCOR Group, Inc. (the “Company”),
the other Debtors party hereto, and Bank of Montreal, as collateral agent (the “Agent”).

Preliminary Statements

          A.          The
Debtors listed under the heading “Existing Debtors” on the signature pages
attached hereto and the Agent are party to that certain Third Amended and
Restated Security Agreement dated as of February 4, 2010 (such Security
Agreement, as the same may from time to time be amended, modified or restated,
being hereinafter referred to as the “Security Agreement”). All capitalized
terms used herein without definition shall have the same meanings herein as
such terms are defined in the Security Agreement.

          B.          Pursuant
to the Security Agreement, the Existing Debtors granted to the Agent, for the
benefit of the Secured Creditors, among other things, a continuing security
interest in all of their personal property and fixtures as described therein.

          C.          Concurrently
herewith, the Company, EMCOR Group (UK) plc., a United Kingdom public limited
company (“EMCOR
UK”), Agent, and certain other parties are entering into a Third
Amended and Restated Credit Agreement dated as of even date herewith (such
Credit Agreement, as the same may from time to time be amended, modified or
restated, being hereinafter referred to as the “Credit Agreement”).

          D.          The
Company wishes to (i) add certain of the Company’s subsidiaries listed under
the heading “Additional
Debtors” on the signature pages attached hereto as Debtors under the
Security Agreement (the “Additional Debtors”; and together with
the Existing Debtors, the “Debtors”), (ii) update Schedules A
through F to the Security Agreement, and (iii) make certain other changes to
the Security Agreement and the Agent is willing to do so on the terms and
conditions set forth herein.

          E.          The
Company and EMCOR UK provide the Debtors (other than the Company) with
substantial financial, managerial, administrative, technical and design support
and the Debtors will directly and substantially benefit from credit and other
financial accommodations extended and to be extended by the Secured Creditors
to the Company and EMCOR UK.

          NOW,
THEREFORE, in consideration of the benefits accruing to the Debtors, and
other good and valuable consideration, the receipt and sufficiency of which are
hereby acknowledged, the parties hereto agree as follows:

          1.          Each
Additional Debtor acknowledges and agrees that it shall become a “Debtor” party
to the Security Agreement effective upon the date such Additional Debtor’s
execution of this Agreement and the delivery of this Agreement to the Agent,
and that upon such execution and delivery, all references in the Security
Agreement to the terms “Debtor” or “Debtors” shall be deemed to include such
Additional Debtor. Each Additional Debtor hereby acknowledges and agrees that
the Obligations are secured by all of the Collateral according to, and
otherwise on and subject to, the terms and conditions of the Security Agreement
to the same extent and with the same force and effect as if such Additional
Debtor had originally been one of the Existing Debtor under the Security
Agreement and had originally executed the same as such an Existing Debtor.

          2.          Without
limiting the generality of the foregoing, the Debtors hereby repeat and
reaffirm all grants (including the grant of a lien and security interest),
covenants, agreements, representations and warranties contained in the Security
Agreement as supplemented hereby, each and all of which are and shall remain applicable
to the Collateral from time to time owned by the Debtors or in which the
Debtors from time to time have any rights. Without limiting the foregoing, in
order to secure payment of the Obligations, whether now existing or hereafter
arising, the Debtors hereby grant to the Agent for the benefit of the Secured
Creditors, and hereby agrees that the Agent has and shall continue to have for
the benefit of the Secured Creditors a continuing security interest in, among
other things, all of the Debtors’ Collateral (as such term is defined in the
Security Agreement), including, without limitation, all of the Debtors’
Receivables, Leases, General Intangibles, Inventory, Equipment, Investment
Property, Pledged Notes, and all of the other Collateral described in, and
subject to the limitations set forth in, Section 2 of the Security
Agreement, each and all of such granting clauses being incorporated herein by
reference with the same force and effect as if set forth in their entirety
except that all references in such clauses to the Debtors or any of them shall
be deemed to include references to the Additional Debtors. Nothing contained
herein shall in any manner impair the priority of the liens and security
interests heretofore granted in favor of the Agent under the Security
Agreement.

          3.          The
foregoing notwithstanding, (i) references to Borrowers in the Security
Agreement shall be deemed to be references to the Company, EMCOR UK and any
other Subsidiary of the Company that is designated as a Borrower under the
Credit Agreement and (ii) references to the Credit Agreement in the Security
Agreement shall be deemed references to the Credit Agreement as defined herein.

          4.          Schedules
A through F to the Security Agreement shall be amended and restated in the form
of Schedule A, B, C, D, E and F, respectively, attached hereto.

          5.          The
Debtors agree to execute and deliver such further instruments and documents and
do such further acts and things as the Agent may deem necessary or proper to
carry out more effectively the purposes of this Supplement.

-2-

          6.          This
Supplement may be executed in any number of counterparts and by different
parties hereto on separate counterparts, each of which when so executed shall
be an original but all of which to constitute one and the same instrument.
Except as specifically amended and modified hereby, all of the terms and
conditions of the Security Agreement shall stand and remain unchanged and in
full force and effect.

          7.          No
reference to this Supplement need be made in the Security Agreement or in any
other document or instrument making reference to the Security Agreement, any
reference to the Security Agreement in any of such items to be deemed a reference
to the Security Agreement as supplemented hereby. 

          8.          This
Supplement shall be governed by and construed in accordance with the State of
Illinois (without regard to principles of conflicts of law).

[Signature Page Follows.]

-3-

Dated as of the date first above written.

	
  

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
  “Existing Debtors”

 
	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
 EMCOR Group, Inc.

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
 By:

 	
 /s/ Anthony J. Guzzi

 
	
  

 	
  

 	
  

 	

 

 
	
  

 	
  

 	
  

 	
 Name:

 	
 Anthony J. Guzzi

 
	
  

 	
  

 	
  

 	
 Title:

 	
 President and

 Chief Executive Officer

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
 Forti/Poole and Kent,
 L.L.C.

 
	
  

 	
  

 	
  

 
	
  

 	
  

 	
 By:

 	
 /s/ R. Kevin Matz

 
	
  

 	
  

 	
  

 	

 

 
	
  

 	
  

 	
  

 	
 Name:

 	
 R. Kevin Matz

 
	
  

 	
  

 	
  

 	
 Title:

 	
 Manager

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
 CSUSA Holdings L.L.C.

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
 By:

 	
 /s/ R. Kevin Matz

 
	
  

 	
  

 	
  

 	

 

 
	
  

 	
  

 	
  

 	
 Name:

 	
 R. Kevin Matz

 
	
  

 	
  

 	
  

 	
 Title:

 	
 Manager

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
 Trimech Plumbing L.L.C.

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
 By:

 	
 /s/ R. Kevin Matz

 
	
  

 	
  

 	
  

 	

 

 
	
  

 	
  

 	
  

 	
 Name:

 	
 R. Kevin Matz

 
	
  

 	
  

 	
  

 	
 Title:

 	
 Manager

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
 Shambaugh & Son, L.P.

 
	
  

 	
  

 	
 By:

 	
 CSUSA Holdings L.L.C., its General Partner

 
	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
 By:

 	
 /s/ R. Kevin Matz 

 
	
  

 	
  

 	
  

 	

 

 
	
  

 	
  

 	
  

 	
 Name:

 	
 R. Kevin Matz

 
	
  

 	
  

 	
  

 	
 Title:

 	
 Vice President

 

Signature Page to
Security Agreement Supplement

S-1

	
  

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
 Border Electric Co., L.P.

 
	
  

 	
  

 	
 By: 

 	
 CSUSA Holdings L.L.C., its General Partner

 
	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
 By:

 	
 /s/ R. Kevin Matz

 
	
  

 	
  

 	
  

 	

 

 
	
  

 	
  

 	
  

 	
 Name:

 	
 R. Kevin Matz

 
	
  

 	
  

 	
  

 	
 Title:

 	
 Vice President

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
 Border Mechanical Co., L.P.

 
	
  

 	
  

 	
 By: 

 	
 CSUSA Holdings L.L.C., its General Partner

 
	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
 By:

 	
 /s/ R. Kevin Matz 

 
	
  

 	
  

 	
  

 	

 

 
	
  

 	
  

 	
  

 	
 Name:

 	
 R. Kevin Matz

 
	
  

 	
  

 	
  

 	
 Title:

 	
 Vice President

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
 Professional Mechanical Contractors, L.L.C.

 
	
  

 	
  

 	
  

 
	
  

 	
  

 	
 By:

 	
 /s/ R. Kevin Matz

 
	
  

 	
  

 	
  

 	

 

 
	
  

 	
  

 	
  

 	
 Name:

 	
 R. Kevin Matz

 
	
  

 	
  

 	
  

 	
 Title:

 	
 Vice President

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
 Welsbach Electric Corp.

 
	
  

 	
  

 	
  

 
	
  

 	
  

 	
 By:

 	
 /s/ Keith D. Carney

 
	
  

 	
  

 	
  

 	

 

 
	
  

 	
  

 	
  

 	
 Name:

 	
 Keith D. Carney

 
	
  

 	
  

 	
  

 	
 Title:

 	
 President / Chief Executive Officer

 

Signature Page to
Security Agreement Supplement

S-2

	
  

 	
  

 	
  

 
	
  

 	
  

 	
  Air Systems, Inc.

 
	
  

 	
  

 	
  Atlantic Coast Mechanical, Inc.

 
	
  

 	
  

 	
  Beaumont Real Estate Holding Company

 
	
  

 	
  

 	
  Building Technology Engineers, Inc.

 
	
  

 	
  

 	
  Central Mechanical Construction Co., Inc.

 
	
  

 	
  

 	
  CES Facilities Management Services, Inc.

 
	
  

 	
  

 	
  Combustioneer Corporation

 
	
  

 	
  

 	
  Contra Costa Electric, Inc.

 
	
  

 	
  

 	
  CS48 Acquisition Corp.

 
	
  

 	
  

 	
  DEBRA-KUEMPEL INC. (f/k/a The Fred B. DeBra Co.)

 
	
  

 	
  

 	
  Design Air, Limited

 
	
  

 	
  

 	
  Duffy Mechanical Corp.

 
	
  

 	
  

 	
  Dyn Specialty Contracting, Inc.

 
	
  

 	
  

 	
  Dynalectric Company

 
	
  

 	
  

 	
  Dynalectric Company of Nevada

 
	
  

 	
  

 	
  Dynalectric Company of Ohio

 
	
  

 	
  

 	
  Dynalectric of Michigan II, Inc.

 
	
  

 	
  

 	
  EMCOR Construction Services, Inc. 

 
	
  

 	
  

 	
  EMCOR-CSI Holding Co.

 
	
  

 	
  

 	
  EMCOR Energy Services, Inc.

 
	
  

 	
  

 	
  EMCOR Facilities Services, Inc.

 
	
  

 	
  

 	
  EMCOR Government Services, Inc.

 
	
  

 	
  

 	
  EMCOR Gowan, Inc.

 
	
  

 	
  

 	
  EMCOR Hyre Electric Co. of Indiana, Inc.

 
	
  

 	
  

 	
  EMCOR International Inc.

 
	
  

 	
  

 	
  EMCOR Mechanical/Electrical Services (East), Inc.

 
	
  

 	
  

 	
  EMCOR Services Arizona, Inc.

 
	
  

 	
  

 	
  EMCOR Services Northeast, Inc.

 
	
  

 	
  

 	
  EMCOR Services New York/New Jersey, Inc.

 
	
  

 	
  

 	
  EMCOR Services Team Mechanical, Inc.

 
	
  

 	
  

 	
  F & G Management, Inc.

 
	
  

 	
  

 	
  F & G Plumbing, Inc.

 
	
  

 	
  

 	
  Fluidics, Inc.

 
	
  

 	
  

 	
  Forest Electric Corp.

 
	
  

 	
  

 	
  FR X Ohmstede Acquisitions Co.

 
	
  

 	
  

 	
  Gibson Electric Co., Inc.

 
	
  

 	
  

 	
  Great Monument Construction Company

 
	
  

 	
  

 	
  Hansen Mechanical Contractors, Inc.

 
	
  

 	
  

 	
  Heritage Mechanical Services, Inc.

 
	
  

 	
  

 	
  Hillcrest Sheet Metal, Inc.

 

Signature Page to
Security Agreement Supplement

S-3

	
  

 	
  

 	
  

 
	
  

 	
  

 	
  HNT Holdings Inc.

 
	
  

 	
  

 	
  HVAC, Ltd.

 
	
  

 	
  

 	
  Illingworth-Kilgust Mechanical, Inc.

 
	
  

 	
  

 	
  Inte-Fac Corp.

 
	
  

 	
  

 	
  J.C. Higgins Corp.

 
	
  

 	
  

 	
  KDC Inc.

 
	
  

 	
  

 	
  Kuempel Service, Inc.

 
	
  

 	
  

 	
  L.T. Mechanical, Inc.

 
	
  

 	
  

 	
  Labov Mechanical, Inc.

 
	
  

 	
  

 	
  Labov Plumbing, Inc.

 
	
  

 	
  

 	
  Lowrie Electric Company, Inc.

 
	
  

 	
  

 	
  Mandell Mechanical Corporation

 
	
  

 	
  

 	
  Marelich Mechanical Co., Inc.

 
	
  

 	
  

 	
  Maximum Refrigeration & Air Conditioning Corp.

 
	
  

 	
  

 	
  Meadowlands Fire Protection Corp.

 
	
  

 	
  

 	
  Mechanical Services of Central Florida, Inc.

 
	
  

 	
  

 	
  MES Holdings Corporation

 
	
  

 	
  

 	
  Mesa Energy Systems, Inc.

 
	
  

 	
  

 	
  Midland Fire Protection, Inc.

 
	
  

 	
  

 	
  Monumental Heating, Ventilating and Air Conditioning Contractors,
 Inc.

 
	
  

 	
  

 	
  Monumental Investment Corporation

 
	
  

 	
  

 	
  Nogle & Black Mechanical, Inc.

 
	
  

 	
  

 	
  North Jersey Mechanical Contractors, Inc.

 
	
  

 	
  

 	
  Ohmstede Industrial Services Inc.

 
	
  

 	
  

 	
  Pace Mechanical Services II, Inc.

 
	
  

 	
  

 	
  Penguin Air Conditioning Corp.

 
	
  

 	
  

 	
  Penguin Maintenance and Services Inc.

 
	
  

 	
  

 	
  Performance Mechanical, Inc.

 
	
  

 	
  

 	
  Poole & Kent Company of Florida

 
	
  

 	
  

 	
  Poole and Kent-New England, Inc.

 
	
  

 	
  

 	
  Poole and Kent-Connecticut, Inc.

 
	
  

 	
  

 	
  R. S. Harritan & Company, Inc.

 
	
  

 	
  

 	
  Redman Equipment & Manufacturing Company

 
	
  

 	
  

 	
  S. A. Comunale Co., Inc.

 
	
  

 	
  

 	
  The Betlem Service Corporation

 
	
  

 	
  

 	
  The Fagan Company

 
	
  

 	
  

 	
  The Poole and Kent Company

 
	
  

 	
  

 	
  The Poole and Kent Corporation

 
	
  

 	
  

 	
  Trautman &
 Shreve, Inc.

 
	
  

 	
  

 	
  University Marelich Mechanical, Inc.

 

Signature Page to
Security Agreement Supplement

S-4

	
  

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
 University
 Mechanical & Engineering

 
	
  

 	
  

 	
  

 	
 Contractors,
 Inc., a California

 
	
  

 	
  

 	
  

 	
 corporation

 
	
  

 	
  

 	
 University
 Mechanical & Engineering

 
	
  

 	
  

 	
  

 	
 Contractors,
 Inc., an Arizona

 
	
  

 	
  

 	
  

 	
 corporation

 
	
  

 	
  

 	
 Walker-j-walker,
 Inc.

 
	
  

 	
  

 	
 Welsbach
 Electric Corp. of L.I.

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
 By:

 	
 /s/ R. Kevin
 Matz

 
	
  

 	
  

 	
  

 	

 

 
	
  

 	
  

 	
  

 	
 Name:

 	
 R. Kevin
 Matz

 
	
  

 	
  

 	
  

 	
 Title:

 	
 Vice
 President

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
 F & G
 Mechanical Corporation

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
 By:

 	
 /s/
 SalvatoreFichera

 
	
  

 	
  

 	
  

 	

 

 
	
  

 	
  

 	
  

 	
 Name:

 	
 Salvatore
 Fichera

 
	
  

 	
  

 	
  

 	
 Title:

 	
 President

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
 Aircond
 Corporation

 
	
  

 	
  

 	
 MOR PPM,
 Inc.

 
	
  

 	
  

 	
 New England
 Mechanical Services, Inc.

 
	
  

 	
  

 	
 New England
 Mechanical Services of Massachusetts,
 Inc.

 
	
  

 	
  

 	
 Viox
 Services, Inc.

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
 By:

 	
 /s/ Douglas
 Myers

 
	
  

 	
  

 	
  

 	

 

 
	
  

 	
  

 	
  

 	
 Name:

 	
 Douglas
 Myers

 
	
  

 	
  

 	
  

 	
 Title:

 	
 Vice
 President

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
 Ohmstede
 Partners LLC

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
 By:

 	
 /s/ R. Kevin
 Matz

 
	
  

 	
  

 	
  

 	

 

 
	
  

 	
  

 	
  

 	
 Name:

 	
 R. Kevin
 Matz

 
	
  

 	
  

 	
  

 	
 Title:

 	
 Manager

 

Signature Page to Security Agreement
Supplement 

S-5

	
  

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
 Ohmstede
 Holdings LLC

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
 By:

 	
 /s/ R. Kevin
 Matz

 
	
  

 	
  

 	
  

 	

 

 
	
  

 	
  

 	
  

 	
 Name:

 	
 R. Kevin
 Matz

 
	
  

 	
  

 	
  

 	
 Title:

 	
 Manager

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
 Ohmstede
 Ltd.

 
	
  

 	
  

 	
 By:

 	
 Ohmstede
 Partners LLC, its General Partner

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
 By:

 	
 /s/ R. Kevin
 Matz

 
	
  

 	
  

 	
  

 	

 

 
	
  

 	
  

 	
  

 	
 Name:

 	
 R. Kevin
 Matz

 
	
  

 	
  

 	
  

 	
 Title:

 	
 Vice
 President

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
  “Additional Debtors”

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
 Bahnson,
 Inc.

 
	
  

 	
  

 	
 Bahnson
 Holdings, Inc.

 
	
  

 	
  

 	
 Intermech,
 Inc.

 
	
  

 	
  

 	
 Mechanical
 Specialties Contractors, Inc.

 
	
  

 	
  

 	
 Scalise
 Industries Corporation

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
 By:

 	
 /s/ R. Kevin
 Matz

 
	
  

 	
  

 	
  

 	

 

 
	
  

 	
  

 	
  

 	
 Name:

 	
 R. Kevin
 Matz

 
	
  

 	
  

 	
  

 	
 Title:

 	
 Vice
 President

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
 EMCOR
 Services CES, Inc.

 
	
  

 	
  

 	
 Harry Pepper
 & Associates, Inc.

 
	
  

 	
  

 	
 USM, Inc.

 
	
  

 	
  

 	
 USM
 (Delaware) Inc.

 
	
  

 	
  

 	
 USM Services
 Holdings, Inc.

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
 By:

 	
 /s/ Douglas
 Myers

 
	
  

 	
  

 	
  

 	

 

 
	
  

 	
  

 	
  

 	
 Name:

 	
 Douglas
 Myers

 
	
  

 	
  

 	
  

 	
 Title:

 	
 Vice
 President

 

Signature Page to Security Agreement
Supplement

S-6

	
  

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
 Bahnson
 Environmental Specialties, LLC

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
 By:

 	
 /s/ R. Kevin
 Matz

 
	
  

 	
  

 	
  

 	

 

 
	
  

 	
  

 	
  

 	
 Name:

 	
 R. Kevin
 Matz

 
	
  

 	
  

 	
  

 	
 Title:

 	
 Manager

 

Signature Page to Security Agreement
Supplement

S-7

	
  

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
 Accepted and
 agreed to in Chicago, Illinois, as of the date first above written.

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
 Bank of
 Montreal, as Agent

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
 By

 	
 /s/ John A.
 Armstrong

 
	
  

 	
  

 	
  

 	

 

 
	
  

 	
  

 	
  

 	
 Name:

 	
 John A. Armstrong

 
	
  

 	
  

 	
  

 	
 Title:

 	
 Director

 

Signature Page to Security Agreement Supplement 

S-8

Schedule A 

	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 
	
 Name of Debtor

 (And Organizational No.)

 	
  

 	
 Chief Executive Office

 	
  

 	
 Additional

 Places of Business

 	
  

 	
 Location of

 Collateral Held

 by Debtor

 
	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 
	
 EMCOR Group, Inc.

 (Delaware Corporation)

 Org. No. 2120222

 	
  

 	
 301 Merritt
 Seven

 Norwalk, CT 06851

 	
  

 	
  

 	
  

 	
 See Column 2

 
	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 
	
 EMCOR Construction

Services, Inc. (Delaware Corporation)

Org. No. 2295158 

 	
  

 	
 301 Merritt
 Seven

 Norwalk, CT 06851

 	
  

 	
 1420 Spring
 Hill Road

 Suite 500

 McLean, VA 22102

 	
  

 	
 See Columns 2 & 3

 
	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 
	
 EMCOR Facilities Services, Inc.

 (Delaware Corporation)

 Org. No. 2625001

 	
  

 	
 301 Merritt
 Seven

 Norwalk, CT 06851

 	
  

 	
 555 Anton
 Blvd.

 Costa Mesa, CA 92626

 

 4050 East Cotton Center Blvd., 

 Phoenix, AZ 85040

 

 790 Township Rd.

 Yardley, PA

 	
  

 	
 See Columns 2 & 3

 
	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 
	
 EMCOR Services CES, Inc.

 (Delaware corporation)

 Org. No. 5014397

 	
  

 	
 2800 Crystal
 Dr., Suite 600

 Arlington, VA 22202

 	
  

 	
  

 	
  

 	
 See Column 2

 
	
 Mesa Energy Systems, Inc.

 (California Corporation)

 Org. No.1281860

 	
  

 	
 5 Vanderbilt
 

 Irvine, CA 92618

 	
  

 	
 2865
 Progress Place #A

 Escondido, CA 92029

 

 24051 Amador Street

 Hayward, CA 94544

 

 6550 Federal Boulevard

 Lemon Grove, CA 91965

 

 4668 No. Sonora Avenue

 Fresno, CA 93722

 

 7060 Koll Center Parkway

 Pleasanton, CA

 

 16250 Railroad Avenue

 Morgan Hill, CA 95037

 	
  

 	
 See Columns 2 & 3

 

	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 
	
 Name of Debtor

 (And Organizational No.)

 	
  

 	
 Chief Executive Office

 	
  

 	
 Additional

 Places of Business

 	
  

 	
 Location of

 Collateral Held

 by Debtor

 
	
  

 	
  

 	
  

 	
  

 	
 d/b/a Emcor
 Services Hillcrest

 4540 Easton Dr.

 Bakersfield, CA 93309

 	
  

 	
  

 
	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
  

 	
  

 	
 31332 Via
 Colinas

 Unit #105

 Westlake Village, CA

 91362

 	
  

 	
  

 
	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
  

 	
  

 	
 11295
 Sunrise Gold Circle #D

 Rancho Cordova, CA 95742

 	
  

 	
  

 
	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 
	
 Scalise Industries Corporation

(Pennsylvania Corporation)

Org. No. 647338 

 	
  

 	
 108 Commerce
 Blvd.

 Lawrence, PA 15055

 	
  

 	
 91 Mayview
 Rd

 Lawrence, PA 15055

 	
  

 	
  

 
	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 
	
 EMCOR International Inc.

 (Delaware Corporation)

 Org. No. 2184202

 	
  

 	
 301 Merritt
 Seven

 Norwalk, CT 06851

 	
  

 	
  

 	
  

 	
 See Column 2

 
	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 
	
 EMCOR Mechanical/Electrical

 Services (East), Inc. 

 (Delaware Corporation)

 Org. No. 2293360

 	
  

 	
 301 Merritt
 Seven

 Norwalk, CT 06851

 	
  

 	
  

 	
  

 	
 See Column 2

 
	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 
	
 EMCOR Energy Services, Inc.

 (Delaware Corporation)

 Org. No.2704011

 	
  

 	
 301 Merritt
 Seven

 Norwalk, CT 06851

 	
  

 	
 Two Penn
 Plaza

 New York, NY 10121

 

 505 Sansome Street

 San Francisco, CA 94111

 	
  

 	
 See Columns 2 & 3

 
	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 
	
 Heritage Mechanical Services, Inc.

 (New York Corporation)

 None

 	
  

 	
 305 Suburban
 Avenue

 Deer Park, NY 11729

 	
  

 	
  

 	
  

 	
 See Column 2

 
	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 
	
 Welsbach Electric Corp.

 (Delaware Corporation)

 Org. No.0780011

 	
  

 	
 111-01 14th
 Avenue

 College Point, NY 11356-0252

 	
  

 	
  

 	
  

 	
 See Column 2

 

A-2

	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 
	
 Name of Debtor

 (And Organizational No.)

 	
  

 	
 Chief Executive Office

 	
  

 	
 Additional

 Places of Business

 	
  

 	
 Location of

 Collateral Held

 by Debtor

 
	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 
	
 Forest Electric Corp.

 (New York Corporation)

 Org. No. None

 	
  

 	
 2 Penn
 Plaza, Fl. 4

 New York, NY 30121

 	
  

 	
 160 Rarritan
 Ctr. Parkway, Suite 18

 Edison, NJ 08837

 	
  

 	
 See Columns 2 & 3

 
	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 
	
 Welsbach Electric Corp. of L.I.

 (New York Corporation)

 Org. No. None

 	
  

 	
 300 Newtown
 Road

 Plainview, NY 11803

 	
  

 	
  

 	
  

 	
 See Column 2

 
	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 
	
 Penguin Maintenance and 

 Services Inc (Delaware
 Corporation)

 Org. No. 2251604

 	
  

 	
 26 West
 Street

 Brooklyn, NY 112221

 	
  

 	
  

 	
  

 	
 See Column 2

 
	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 
	
 Penguin Air Conditioning Corp.

 (New York Corporation)

 Org. No. None

 	
  

 	
 26 West
 Street

 Brooklyn, NY 11222

 	
  

 	
  

 	
  

 	
 See Column 2

 
	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 
	
 J.C. Higgins Corp.

 (Delaware Corporation)

 Org. No. 2232450

 	
  

 	
 70 Hawes
 Way, Fl. 2

 Stoughton, MA 02072

 	
  

 	
 d/b/a Tucker
 Mechanical 

 367 Research Parkway

 Meriden, CT 06450

 	
  

 	
 See Columns 2 & 3

 
	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 
	
 Duffy Mechanical Corp.

 (Maryland Corporation)

 Org. No. D03916020

 	
  

 	
 15875
 Commerce Court

 Upper Marlboro, MD 20772

 	
  

 	
  

 	
  

 	
 See Column 2

 
	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 
	
 EMCOR Hyre Electric Co. of Indiana, Inc.

 (Delaware Corporation)

 Org. No. 2267293

 	
  

 	
 2655
 Garfield Avenue

 Highland, IN 46322

 	
  

 	
  

 	
  

 	
 See Column 2

 
	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 
	
 Gibson
Electric Co., Inc.

(New Jersey Corporation)

Org. No. 0100081753 

 	
  

 	
 3100
 Woodcreek Drive

 Downers Grove, IL 60515

 	
  

 	
  

 	
  

 	
 See Columns 2 & 3

 
	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 
	
 University Mechanical & Engineering

 Contractors, Inc. 

 (California Corporation) 

 Org. No. 527647

 	
  

 	
 1168 Fesler
 Street

 El Cajon, CA 92020

 	
  

 	
  

 	
  

 	
 See Column 2

 
	
 Pace Mechanical Services II, Inc.

 (Michigan Corporation)

 	
  

 	
 2570
 Commerce Dr.

 Madison Heights, MI 

 	
  

 	
  

 	
  

 	
 See Column 2

 

A-3

	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 
	
 Name of Debtor

 (And Organizational No.)

 	
  

 	
 Chief Executive Office

 	
  

 	
 Additional

 Places of Business

 	
  

 	
 Location of

 Collateral Held

 by Debtor

 
	
 Org. No.
 488043

 	
  

 	
 48071

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 
	
 University Mechanical & Engineering

 Contractors, Inc. 

 (Arizona Corporation)

 Org. No. 0059955-4

 	
  

 	
 1200 North
 Sickles Road

 Tempe, AZ 85281

 	
  

 	
  

 	
  

 	
 See Column 2

 
	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 
	
 Hansen Mechanical Contractors, Inc.

 (Nevada Corporation)

 Org. No. C324-1971

 	
  

 	
 6325 South
 Valley View Boulevard

 Las Vegas, NV 89118

 	
  

 	
  

 	
  

 	
 See Column 2

 
	
 Design Air, Limited

 (Washington Corporation)

 Org. No. 600314241

 	
  

 	
 8657 South
 190th Street

 Kent, WA 98031-1270 

 	
  

 	
  

 	
  

 	
 See Column 2

 
	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 
	
 Trautman & Shreve, Inc.

 (Colorado Corporation)

 Org. No. 19911078279

 	
  

 	
 4406 Race
 Street

 Denver, CO 80216

 	
  

 	
 322 Juanita
 Street

 Colorado Springs, CO 80909

 	
  

 	
 See Columns 2 & 3

 
	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 
	
 EMCOR Gowan, Inc.

 (Texas Corporation)

 Org. No.0022008300

 	
  

 	
 5550 Airline
 Drive

 Houston, TX 77076

 	
  

 	
  

 	
  

 	
 See Column 2

 
	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 
	
 Inte-Fac Corp.

 (New York Corporation)

 Org. No. None

 	
  

 	
 26 West
 Street

 Brooklyn, NY 11222

 	
  

 	
  

 	
  

 	
 See Column 2

 
	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 
	
 MES Holdings Corporation
(Delaware Corporation)

 Org. No. 2441388

 	
  

 	
 301 Merritt
 Seven

 Norwalk, CT 06851

 	
  

 	
  

 	
  

 	
 See Column 2

 
	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 
	
 R. S. Harritan & Company, Inc.
(Virginia Corporation)

 Org. No. 179532

 	
  

 	
 3280 Formex
 Road

 Richmond, VA 23224

 	
  

 	
  

 	
  

 	
 See Column 2

 
	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 
	
 Labov Mechanical, Inc.

 (Delaware Corporation)

 Org. No. 2693486

 	
  

 	
 9815
 Roosevelt Blvd. Suite A

 Philadelphia, PA 19114

 	
  

 	
  

 	
  

 	
 See Column 2

 

A-4

	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 
	
 Name of Debtor

 (And Organizational No.)

 	
  

 	
 Chief Executive Office

 	
  

 	
 Additional

 Places of Business

 	
  

 	
 Location of

 Collateral Held

 by Debtor

 
	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 
	
 Labov Plumbing, Inc.
(Delaware Corporation)

 Org. No. 2693386

 	
  

 	
 9815
 Roosevelt Blvd. Suite A

 Philadelphia, PA 19114

 	
  

 	
  

 	
  

 	
 See Column 2

 
	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 
	
 Dynalectric Company of Ohio

 (Ohio Corporation)

 Org. No. 807660

 	
  

 	
 2300
 International Street

 Columbus, OH 43228

 	
  

 	
  

 	
  

 	
 See Column 2

 
	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 
	
 Dynalectric of Michigan II, Inc.

 (Delaware Corporation)

 Org. No. 2822379

 	
  

 	
 301 Merritt
 Seven

 Norwalk CT 06851

 	
  

 	
 25701
 Commerce Dr.

 Madison Heights, MI 48071

 	
  

 	
 See Column 2

 
	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 
	
 DeBra-Kuempel Inc.

 (Delaware Corporation)

 Org. No. 2945595

 	
  

 	
 3876
 Southern Avenue

 Cincinnati, OH 45227

 	
  

 	
 1948 W.
 Dorothy Lane

 Dayton, OH 45439

 

 702 Parker Drive

 Maysville, KY 41056

 

 d/b/a Dynaelectric Ohio

 2300 International Street

 Columbus, OH 43228-4621

 	
  

 	
 See Column 2 & 3

 

A-5

	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 
	
 Name of Debtor

 (And Organizational No.)

 	
  

 	
 Chief Executive Office

 	
  

 	
 Additional

 Places of Business

 	
  

 	
 Location of

 Collateral Held

 by Debtor

 
	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 
	
 Marelich Mechanical Co., Inc.

 (California Corporation)

 Org. No. C2114848

 	
  

 	
 24041 Amador

 Hayward, CA 94544

 	
  

 	
 1000 North
 Kraemer Place

 Anaheim, CA 92806

 

 8670 Younger Creek Drive

 Sacramento, CA 92806

 

 1679 Enterprise Blvd.

 Sacramento, CA 95691

 	
  

 	
 See Columns 2 & 3

 
	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 
	
 Dynalectric Company

 (Delaware Corporation)

 Org. No. 2722041

 	
  

 	
 1420 Spring
 Hill Road, #500

 McLean, VA 22102

 	
  

 	
 3145
 Northwoods 
Parkway, Suite 800

 Norcross, GA 30071

 	
  

 	
 See Columns 2 & 3

 
	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
  

 	
  

 	
 d/b/a
 Ferguson Dynalectric

 of Colorado

 1410 Ford Street.

 Colorado Springs, CO

 80915

 

 345 Sheridan Boulevard

 Denver, Co 80226

 

 3555 W. Oquendo Road

 Las Vegas, NV 89118

 	
  

 	
  

 
	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
  

 	
  

 	
 9505
 Chesapeake Drive

 San Diego, CA 92123

 

 22930 Shaw Road

 Dulles, VA 20166

 

 2904 Southwest First Avenue

 Portland, OR 97201

 

 497 Mueller Lane

 Newport News, VA 23606

 

 2501 SW 160th 

 Miramar, FL 33027

 	
  

 	
  

 

A-6

	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 
	
 Name of Debtor

 (And Organizational No.)

 	
  

 	
 Chief Executive Office

 	
  

 	
 Additional

 Places of Business

 	
  

 	
 Location of

 Collateral Held

 by Debtor

 
	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
  

 	
  

 	
 4462
 Corporate Center Dr.

 Los Alamitos, CA 90702

 

 2904 SW First Avenue

 Portland, OR 97201

 

 611 Jackson Road, Suite 112

 Ann Arbor, MI 48103

 

 d/b/a Wasatch Electric

 1574 South West Temple 

 Salt Lake City, UT 84115

 	
  

 	
  

 
	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 
	
 Dyn Specialty Contracting, Inc.

 (Virginia Corporation)

 Org. No. 295431

 	
  

 	
 1420 Spring
 Hill Road, #500

 McLean, VA 22102

 	
  

 	
  

 	
  

 	
 See Column 2

 
	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 
	
 KDC Inc.

 (California Corporation)

 Org. No. 770706

 	
  

 	
 4462
 Corporate Center Drive

 Los Alamitos, CA 90720

 	
  

 	
 d/b/a KDC
 Systems

 4462 Corporate Center Drive

 Los Alamitos, CA 90720

 

 d/b/a KDC Systems

 2904 S. W. First Avenue

 Portland, OR 97201

 	
  

 	
 See Columns 2 & 3

 
	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 
	
 Contra Costa Electric, Inc.

 (California Corporation)

 Org. No. C0273069

 	
  

 	
 825 Howe
 Road

 Martinez, CA 94553

 	
  

 	
 3208 Landco
 Drive

 Bakersfield, CA 93308

 

 4690 East Carmen Avenue

 Fresno, CA 93703

 	
  

 	
 See Columns 2 & 3

 
	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 
	
 Dynalectric Company of Nevada

 (Nevada Corporation)

 Org. No. C238-1958

 	
  

 	
 3555 West
 Oquendo Rd

 Las Vegas, NV 89118

 	
  

 	
  

 	
  

 	
 See Column 2

 

A-7

	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 
	
 Name of Debtor

 (And Organizational No.)

 	
  

 	
 Chief Executive Office

 	
  

 	
 Additional

 Places of Business

 	
  

 	
 Location of

 Collateral Held

 by Debtor

 
	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 
	
 EMCOR Services Northeast, Inc.

 (Massachusetts Corporation)

 Org. No. None

 	
  

 	
 80 Hawes Way

 Stoughton, MA 02072

 	
  

 	
  

 	
  

 	
 See Columns 2 & 3

 
	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 
	
 Building Technology Engineers, Inc.

 (Massachusetts Corporation)

 Org. No. None

 

 Poole & Kent Company of Florida

 (Delaware Corporation)

 Org. No. 3818963

 	
  

 	
 105 Central
 Street, Suite 2100

 Stoneham, MA 02180

 

 

 1781 N.W. North River Drive

 Miami, FL 33125

 	
  

 	
 555 Anton
 Blvd.

 Costa Mesa, CA 92626

 

 

 1715 Lemon Street

 Tampa, FL 33606

 901 North Point Parkway,

 Suite 104

 West Palm Beach, FL 33407

 	
  

 	
 See Columns 2 & 3

 
	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 
	
 Monumental Investment Corporation
(Maryland Corporation)

 Org. No. D01289180

 	
  

 	
 301 Merritt
 Seven

 Norwalk, CT 06851

 	
  

 	
  

 	
  

 	
 See Column 2

 
	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 
	
 The Poole and Kent Company

 (Maryland Corporation)

 Tax I.D. 52-0017984

 Org. No. D00174458

 	
  

 	
 4530 Hollins
 Ferry Road

 Baltimore, MD 21227

 	
  

 	
  

 	
  

 	
 See Column 2

 
	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 
	
 The Poole and Kent Corporation

 (Maryland Corporation)

 Org. No. D00174466

 	
  

 	
 4530 Hollins
 Ferry Road

 Baltimore, MD 21227

 	
  

 	
  

 	
  

 	
 See Column 2

 
	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
 d/b/a Poole
 and Kent Construction Services

 643 Lofstrand Lane

 Rockville, MD 20850

 	
  

 	
  

 	
  

 	
  

 
	
 S. A.
Comunale Co., Inc.

(Ohio Corporation)

Org. No. 437451 

 	
  

 	
 2900 Newpark
 Drive

 Barberton, OH 44203

 	
  

 	
 5270 Oakwood
 Boulevard

 Mays Landing, NJ

 	
  

 	
 See Columns 2 & 3

 
	
  

 	
  

 	
  

 	
  

 	
 3007 Harding
 Highway East

 Mario, OH 43302

 	
  

 	
  

 
	
  

 	
  

 	
  

 	
  

 	
 
1002 International Boulevard

 	
  

 	
  

 

A-8

	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 
	
 Name of Debtor

 (And Organizational No.)

 	
  

 	
 Chief Executive Office

 	
  

 	
 Additional

 Places of Business

 	
  

 	
 Location of

 Collateral Held

 by Debtor

 
	
  

 	
  

 	
  

 	
  

 	
 Cincinnati,
 OH 45246

 	
  

 	
  

 
	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
  

 	
  

 	
 145 Shaffer
 Drive NE

 Warren, OH 44484

 	
  

 	
  

 
	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
  

 	
  

 	
 1200 E. 55th
 Street, Unit B

 Cleveland, OH 44103

 	
  

 	
  

 
	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
  

 	
  

 	
 99 North
 Broad Street

 Phillipsburg, NJ

 	
  

 	
  

 
	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
  

 	
  

 	
 23042
 Commerce Drive

 Farmington Hills, MI 48335

 	
  

 	
  

 
	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 
	
 Air Systems, Inc.

 (California Corporation)

 Org. No.C2497209

 	
  

 	
 940
 Remillard Court

 San Jose, CA 95122

 	
  

 	
  

 	
  

 	
 See Column 2

 
	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 
	
 Fluidics, Inc.
(Pennsylvania Corporation)

 Org. No. 766706

 	
  

 	
 9815
 Roosevelt Blvd., Suite A

 Philadelphia, PA 19114

 	
  

 	
  

 	
  

 	
 See Column 2

 
	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 
	
 University Marelich Mechanical, Inc.
(Delaware Corporation)

 Org. No. 4047723

 	
  

 	
 1000 N.
 Kraemer Place

 Anaheim, CA 92806

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 
	
 Midland Fire Protection, Inc.
(Rhode Island Corporation)

 Org. No. 56289

 	
  

 	
 70 Hawes Way

 R.2

 Stoughton, MA 02072

 	
  

 	
  

 	
  

 	
 See Column 2

 
	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 
	
 Poole and Kent-Connecticut, Inc.
(Maryland Corporation)

 Org. No. D04800199

 	
  

 	
 4530 Hollins
 Ferry Road

 Baltimore, MD 21227

 	
  

 	
  

 	
  

 	
 See Column 2

 
	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 
	
 Poole and Kent – New England, Inc.

 (Maryland Corporation)

 Org. No.D03688207

 	
  

 	
 4530 Hollins
 Ferry Road

 Baltimore, MD 21227

 	
  

 	
  

 	
  

 	
 See Column 2

 

A-9

	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 
	
 Name of Debtor

 (And Organizational No.)

 	
  

 	
 Chief Executive Office

 	
  

 	
 Additional

 Places of Business

 	
  

 	
 Location of

 Collateral Held

 by Debtor

 
	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 
	
 Monumental Heating, Ventilating and Air Conditioning Contractors,
 Inc.

 (Maryland Corporation)

 Org. No. D04254868

 	
  

 	
 4530 Hollins
 Ferry Road

 Baltimore, MD 21227

 	
  

 	
  

 	
  

 	
 See Column 2

 
	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 
	
 Forti/Poole and Kent, L. L. C. (Maryland LLC)

 Org. No. W04265096

 	
  

 	
 4530 Hollins
 Ferry Road

 Baltimore, MD 21227

 	
  

 	
  

 	
  

 	
 See Column 2

 
	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 
	
 HVAC, Ltd.
(Maryland Corporation)

 Org. No. D00816884

 	
  

 	
 4530 Hollins
 Ferry Road

 Baltimore, MD 21227

 	
  

 	
  

 	
  

 	
 See Column 2

 
	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 
	
 Atlantic Coast Mechanical, Inc.

 (Maryland Corporation)

 Org. No. D01557800

 	
  

 	
 4530 Hollins
 Ferry Road

 Baltimore, MD 21227

 	
  

 	
  

 	
  

 	
 See Column 2

 
	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 
	
 Great Monument Construction Company
(Maryland Corporation)

 Org. No. D01495571

 	
  

 	
 301 Merritt
 Seven

 Norwalk, CT 06851

 	
  

 	
  

 	
  

 	
 See Column 2

 
	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 
	
 EMCOR- CSI Holding Co.
(Delaware Corporation)

 Org. No. 3486633

 	
  

 	
 301 Merritt
 Seven

 Norwalk, CT 06851

 	
  

 	
  

 	
  

 	
 See Column 2

 
	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 
	
 Border Electric Co., L.P.

 (Texas Limited Partnership)

 Org. No. 0012427910

 	
  

 	
 6939
 Commerce Avenue

 El Paso, TX 79915

 	
  

 	
  

 	
  

 	
 See Column 2

 
	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 
	
 Border Mechanical Co., L.P.

 (Texas Limited Partnership)

 Org. No. 0012428010

 	
  

 	
 6939 Commerce
 Avenue

 El Paso, TX 79915

 	
  

 	
  

 	
  

 	
 See Column 2

 
	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 
	
 Central Mechanical Construction Co., Inc.

 (Delaware Corporation)

 Org. No. 2892099

 	
  

 	
 631 Pecan
 Circle 

 Manhattan, KS 66502

 	
  

 	
 725 NE
 Highway 24

 Topeka, KS 66608

 	
  

 	
 See Columns 2 & 3

 
	
 CS48 Acquisition Corp.

 	
  

 	
 301 Merritt
 Seven

 	
  

 	
 506 East 23rd 

 Lawrence, KS 66046

 	
  

 	
 See Column 2

 

A-10

	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 
	
 Name of Debtor

 (And Organizational No.)

 	
  

 	
 Chief Executive Office

 	
  

 	
 Additional

 Places of Business

 	
  

 	
 Location of

 Collateral Held

 by Debtor

 
	
 (Delaware
 Corporation)

 Org. No. 2955782

 	
  

 	
 Norwalk, CT
 06851

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 
	
 CSUSA Holdings L.L.C.

 (Delaware Corporation)

 disregarded entity

 Org. No. 3467627

 	
  

 	
 301 Merritt
 Seven

 Norwalk, CT 06851

 	
  

 	
  

 	
  

 	
 See Column 2

 
	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 
	
 F & G Mechanical Corporation
(Delaware Corporation)

 Org. No. 2850884

 	
  

 	
 348 New
 County Road

 Secaucus, NJ 07094

 	
  

 	
  

 	
  

 	
 See Columns 2 & 3

 
	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 
	
 F & G Plumbing, Inc.

 (New Jersey Corporation)

 Org. No. 0100873145

 	
  

 	
 348 New
 County Road

 Secaucus, NJ 07094

 	
  

 	
  

 	
  

 	
 See Columns 2 &3

 
	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 
	
 EMCOR Services New York/

 New Jersey, Inc.

 (Delaware Corporation)

 Org. No. 2930475

 	
  

 	
 24-37 46th
 Street

 Long Island City, NY 11103

 	
  

 	
 231 West
 Parkway

 Pompton Plains, NJ 07444

 	
  

 	
 See Columns 2 & 3

 
	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 
	
 Hillcrest Sheet Metal, Inc.

 (Delaware Corporation)

 Org. No. 2788607

 	
  

 	
 4540 Easton
 Drive

 Bakersfield, CA 93309

 	
  

 	
  

 	
  

 	
 See Column 2

 
	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 
	
 Illingworth-Kilgust Mechanical, Inc.

 (Delaware Corporation)

 Org. No. 2913106

 	
  

 	
 6950 Gisholt
 Drive

 Madison, WI 53713

 	
  

 	
 615 South
 89th Street

 Milwaukee, WI 53214

 	
  

 	
 See Column 2 and 3

 
	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 
	
 Kuempel Service, Inc.

 (Ohio Corporation)

 Org. No. 581186

 	
  

 	
 3876
 Southern Avenue

 Cincinnati, OH 45227

 	
  

 	
  

 	
  

 	
 See Columns 2 & 3

 
	
 Lowrie Electric Company, Inc.

 (Tennessee Corporation)

 Org. No. 0154850

 	
  

 	
 7520
 Bartlett Corporate Cove, East

 Bartlett, TN 38133

 	
  

 	
  

 	
  

 	
 See Column 2

 
	
 Mandell Mechanical Corporation

 (New York Corporation)

 Org. No. None

 	
  

 	
 250 West 57th
 Street, Suite
 1427-28

 New York, NY 30107

 	
  

 	
 24-37 46th
 Street

 Long Island City, NY 11103

 	
  

 	
 See Columns 2 & 3

 

A-11

	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 
	
 Name of Debtor

 (And Organizational No.)

 	
  

 	
 Chief Executive Office

 	
  

 	
 Additional

 Places of Business

 	
  

 	
 Location of 

 Collateral Held
by Debtor

 
	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 
	
 Maximum Refrigeration & Air Conditioning Corp.

 (Delaware Corporation)

 Org. No. 2892098

 	
  

 	
 348 New
 County Rd

 Secaucus, NJ 07094

 	
  

 	
  

 	
  

 	
 See Column 2

 
	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 
	
 Meadowlands Fire Protection Corp.

 (New Jersey Corporation)

 Org. No. 0100215829

 	
  

 	
 348 New
 County Rd

 Secaucus, NJ 07094

 	
  

 	
  

 	
  

 	
 See Column 2

 
	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 
	
 Nogle & Black Mechanical, Inc.
(Delaware Corporation)

 Org. No. 0100076108

 	
  

 	
 1406 W.
 Cardinal Court

 Urbana, IL 61803

 	
  

 	
  

 	
  

 	
 See Column 2

 
	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 
	
 North Jersey Mechanical Contractors, Inc.

 (New Jersey Corporation)

 Org. No. 0100076108

 	
  

 	
 2 North
 Street, Suite 2B

 Waldwick, NJ 07463

 	
  

 	
  

 	
  

 	
 See Columns
 2 & 3

 
	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 
	
 Shambaugh & Son, L.P.

 (Texas Limited Partnership)

 Org. No. 002169710

 	
  

 	
 7614
 Opportunity Drive

 Fort Wayne, IN 46825

 	
  

 	
 Shambaugh
 & Son, L.P.

 Detroit Fire Protection 

 21667 Melrose Avenue

 Southfield, MI 48075

 

 Shambaugh & Son, L.P.

 South Bend Mechanical 

 13738 E. Jefferson Blvd.

 Mishawaka, IN 46545

 	
  

 	
 See Columns
 2 & 3

 
	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
  

 	
  

 	
 Shambaugh
 & Son, L.P.

 Ed Grace Division

 2600 Duncan Road

 Lafayette, IN 47904

 

 Advanced Systems Computer Consultants

 4711 Speedway Drive

 Fort Wayne, IN 46825

 	
  

 	
  

 
	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
  

 	
  

 	
 Advanced
 Systems Group, Inc.

 	
  

 	
  

 

A-12

	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 
	
 Name of Debtor

 (And Organizational No.)

 	
  

 	
 Chief Executive Office

 	
  

 	
 Additional

 Places of Business

 	
  

 	
 Location of 

 Collateral Held
by Debtor

 
	
  

 	
  

 	
  

 	
  

 	
 4711
 Speedway Drive

 Fort Wayne, IN 46825

 

 Shambaugh & Son, L.P.

 Lafayette Electric Division

 2600 Duncan Road

 Lafayette, IN 47904

 

 Shambaugh & Son, L.P.

 Toledo Fire Protection

 212 West Wayne Street

 Maumee, OH 43537

 

 d/b/a Pace Mechanical

     Services

 25701 Commerce Dr.

 Madison Heights, MI 48071

 	
  

 	
  

 
	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
  

 	
  

 	
 Shambaugh
 & Son, L.P.

 Indianapolis Electric Division

 1010 E. Summer Avenue

 Indianapolis, IN 46227

 

 d/b/a Havel Brothers

 7525 DiSalle Blvd.

 Fort Wayne, IN 46825

 

 d/b/a Havel Brothers

 Sugar Maple Court

 South Bend, IN 46628

 	
  

 	
  

 
	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
  

 	
  

 	
 d/b/a Havel
 Brothers

 5128 W 79th Street

 Indianapolis, IN 46268

 

 Shambaugh & Son, L.P.

 South Bend Fire Protection 

 13738 E. Jefferson Blvd.

 Mishawaka, IN 46545

 	
  

 	
  

 

A-13

	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 
	
 Name of Debtor

 (And Organizational No.)

 	
  

 	
 Chief Executive Office

 	
  

 	
 Additional

 Places of Business

 	
  

 	
 Location of 

 Collateral Held
by Debtor

 
	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
  

 	
  

 	
 Shambaugh
 & Son, L.P.

 2820 Thatcher Road

 Downers Grove, IL 60515

 

 d/b/a Havel Brothers

 8233 Neptune, Suite 1

 Kalamazoo, MI 49009

 	
  

 	
  

 
	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 
	
 The Fagan Company

 (Kansas Corporation)

 Org. No. 630954

 	
  

 	
 3125
 Brinkerhoff Road

 Kansas City, KS 66115

 	
  

 	
 14 E. 1st

 Fort Scott, KS 66701

 	
  

 	
 See Columns
 2 & 3

 
	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 
	
 Walker-J-Walker, Inc.

 (Tennessee Corporation)

 Org. No. 0033339

 	
  

 	
 6045 E.
 Shelby Dr. #3

 Memphis, TN 38141

 	
  

 	
  

 	
  

 	
 See Column 2

 
	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 
	
 EMCOR Government Services, Inc.

 (Maryland Corporation)

 Org. No. D03903283

 	
  

 	
 2800 Crystal
 Dr., Suite 600

 Arlington, VA 22202

 	
  

 	
 

 	
  

 	
 See Column 2

 
	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 
	
 EMCOR Services Arizona, Inc.
(Delaware Corporation)

 Org. No. 4550552

 	
  

 	
 4050 East
 Cotton Center 
Blvd., Suite 40

 Phoenix, Arizona 22202

 	
  

 	
  

 	
  

 	
 See Column 2

 
	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 
	
 Aircond Corporation

 (Georgia Corporation)

 Org No. J202485

 	
  

 	
 400 Lake
 Ridge Drive,
S.E.

 Smyrna, GA 30082

 	
  

 	
 485 Buford
 Drive

 Lawrenceville, GA 30045

 

 4480 Riverside Drive

 Macon, GA 31210

 

 2770 West Point Road

 Lagrange, GA 30240

 

 2450 Lakeland Road, Suite 

 1

 Dalton, GA 30721

 

 700 Gracern Road

 Columbia, SC 29210-7651

 	
  

 	
 See Columns
 2 & 3

 

A-14

	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 
	
 Name of Debtor

 (And Organizational No.)

 	
  

 	
 Chief Executive Office

 	
  

 	
 Additional

 Places of Business

 	
  

 	
 Location of 

 Collateral Held
by Debtor

 
	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
  

 	
  

 	
 120 Old Mill
 Road, Suite 

 G

 Greenvile, SC 29607

 

 4314 Belair Frontage 
Road, Suite F

 Augusta, GA 30909

 	
  

 	
  

 
	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 
	
 The Betlem Service Corporation

 (New York Corporation)

 Org. No. None

 	
  

 	
 704 Clinton
 Avenue, South

 Rochester, NY 14620

 	
  

 	
  

 	
  

 	
 See Columns
 2 & 3

 
	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 
	
 CES Facilities Management Services, Inc.

 (Maryland Corporation)

 Org. No. D05515994

 	
  

 	
 2800 Crystal
 Drive, Suite 
600

 Arlington, VA 22202

 	
  

 	
  

 	
  

 	
 See Column 2

 
	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 
	
 Combustioneer
Corporation

(Maryland Corporation)

Org. No. D03050507 

 	
  

 	
 643
 Lofstrand Lane

 Rockville, MD 20850

 	
  

 	
  

 	
  

 	
 See Column 2

 
	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 
	
 EMCOR Services Team Mechanical, Inc.

 (Delaware Corporation)

 Org No. 4026937

 	
  

 	
 431
 Lexington Drive

 Buffalo Grove, IL 60089

 	
  

 	
  

 	
  

 	
 See Column 2

 
	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 
	
 New England Mechanical Services of

 Massachusetts,
 Inc.

 (Massachusetts Corporation)

 Org. No. None

 	
  

 	
 17 Third
 Street

 Palmer, MA 01069

 	
  

 	
  

 	
  

 	
 See Column 2

 
	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 
	
 New England Mechanical Services, Inc.

 (Connecticut Corporation)

 Org. No. 0033131

 	
  

 	
 166 Tunnel
 Road

 Vernon, CT 06066

 	
  

 	
 30 Linden
 Drive

 Trumbull, CT 06611

 

 690 Asylum Avenue

 Hartford, CT 06105

 

 3 Shaw’s Cove

 New London, CT 06320

 

 17 Third Street

 Palmer, MA 01069

 	
  

 	
 See Columns
 2 & 3

 

A-15

	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 
	
 Name of Debtor

 (And Organizational No.)

 	
  

 	
 Chief Executive Office

 	
  

 	
 Additional

 Places of Business

 	
  

 	
 Location of 

 Collateral Held
by Debtor

 
	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
  

 	
  

 	
 203 Concord
 Street

 Pawtucket, RI 02860

 	
  

 	
  

 
	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 
	
 Trimech Plumbing L.L.C.

 (Delaware Limited Liability Corp.)

 Org. No. 3463843

 	
  

 	
 231 West
 Parkway

 Pompton Plains, NJ 07444

 	
  

 	
  

 	
  

 	
 See Column 2

 
	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 
	
 Viox Services, Inc.

 (Ohio Corporation)

 Org. No. 470852

 	
  

 	
 15 W.
 Voorhees Street

 Cincinnati, OH 07444

 	
  

 	
 2020 15th
 Street

 Columbus, IN 47201

 1144 East Market Street

 Akron, OH 44316

 	
  

 	
 See Columns
 2 & 3

 
	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 
	
 F & G Management, Inc.

 (Delaware Corporation)

 Org. No. 3581028

 	
  

 	
 301 Merritt
 Seven

 Norwalk, CT 06851

 	
  

 	
  

 	
  

 	
 See Column 2

 
	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 
	
 FR X Ohmstede Acquisitions Co.

 (Delaware Corporation)

 Org. No. 4168905

 	
  

 	
 937 Pine St.

 Beaumont, TX 77701

 	
  

 	
  

 	
  

 	
 See Column 2

 
	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 
	
 HNT Holdings Inc.

 (Delaware Corporation)

 Org. No. 3372290

 	
  

 	
 937 Pine St.

 Beaumont, TX 77701

 	
  

 	
  

 	
  

 	
 See Column 2

 
	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 
	
 Ohmstede Partners LLC

 (Delaware LLC)

 Org. No. 3388080

 	
  

 	
 937 Pine St.

 Beaumont, TX 77701

 	
  

 	
  

 	
  

 	
 See Column 2

 
	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 
	
 Ohmstede Holdings LLC

 (Delaware LLC)

 Org. No. 3388083

 	
  

 	
 937 Pine St.

 Beaumont, TX 77701

 	
  

 	
  

 	
  

 	
 See Column 2

 
	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 
	
 Ohmstede Ltd.
(Texas Limited Partnership)

 Org. No. 00151033-10

 	
  

 	
 937 Pine St.

 Beaumont, TX 77701

 	
  

 	
 895 N. Main
 Street

 Beaumont, TX 77701

 

 410 Flato Rd.

 Corpus Christi, TX 78405

 

 12415 Highway 225

 LaPorte, TX 77571

 

 4250 Highway 30

 St. Gabriel, LA 70776

 	
  

 	
 See Columns
 2 & 3

 

A-16

	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 
	
 Name of Debtor

 (And Organizational No.)

 	
  

 	
 Chief Executive Office

 	
  

 	
 Additional

 Places of Business

 	
  

 	
 Location of 

 Collateral Held
by Debtor

 
	
  

 	
  

 	
  

 	
  

 	
 420545
 Belshaw Avenue

 Carson, CA 90745

 

 1750 Swisco Rd.

 Sulphur, LA 70665

 	
  

 	
  

 
	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 
	
 Ohmstede Industrial Services Inc.

 (Texas Corporation)

 Org. No. 117921700

 	
  

 	
 937 Pine St.

 Beaumont, TX 77701

 	
  

 	
  

 	
  

 	
 See Column 2

 
	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 
	
 Beaumont Real Estate Holding Company
(Texas Corporation)

 Org. No. 800104306

 	
  

 	
 937 Pine St.

 Beaumont, TX 77701

 	
  

 	
  

 	
  

 	
 See Column 2

 
	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 
	
 Performance Mechanical, Inc.
(California Corporation)

 Org. No. C1186280

 	
  

 	
 701 Willowpass
 Road

 Pittsburg, CA 94565

 	
  

 	
  

 	
  

 	
 See Column 2

 
	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 
	
 Redman Equipment & Manufacturing Company
(California Corporation)

 Org. No. C0431393

 	
  

 	
 19800 S. Normandie 
Avenue

 Torrance, CA 90502-1182

 	
  

 	
  

 	
  

 	
 See Column 2

 
	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 
	
 Professional Mechanical Contractors, L.L.C.
(Connecticut Corporation)

 Org. No. 0516430

 	
  

 	
 65 Kreiger Lane

 Glastonbury, CT 06033

 	
  

 	
  

 	
  

 	
 See Column 2

 
	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 
	
 Mechanical Services of Central Florida, Inc.
(Florida Corporation)

 Document No. P03000008527

 	
  

 	
 9820 Satelite Blvd.

 Orlando, FL 32837

 	
  

 	
  

 	
  

 	
 See Column 2

 
	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 
	
 MOR PPM, Inc.
(South
 Carolina Company)

 Org No. None

 	
  

 	
 1127 South Main Street

 Society Hill, NC 29593

 	
  

 	
  

 	
  

 	
 See Column 2

 
	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 
	
 L.T. Mechanical, Inc.
(North
 Carolina Corporation)

 Org. No. 0649719

 	
  

 	
 5940 General Commerce 
Drive

 Charlotte, NC 28213

 	
  

 	
  

 	
  

 	
 See Column 2

 
	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 
	
 Bahnson Holdings, Inc.
(North
 Carolina Corporation)

 Org. No. 0800684

 	
  

 	
 3901 Westpoint Blvd.

 Winston-Salem, NC 27105

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 
	
 Bahnson, Inc.
(North
 Carolina Corporation)

 Org. No. 0287987

 	
  

 	
 3901
 Westpoint Blvd.

 Winston-Salem, NC 27105

 	
  

 	
 555 Birch
 Creek Road

 McLeansville, NC 27301

 	
  

 	
  

 

A-17

	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 
	
 Name of Debtor

 (And Organizational No.)

 	
  

 	
 Chief Executive Office

 	
  

 	
 Additional

 Places of Business

 	
  

 	
 Location of 

 Collateral Held
by Debtor

 
	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 
	
 Bahnson Environmental

 Specialties, LLC

 	
  

 	
 4412 Tryon
 Road

 Raleigh, NC 27606

 	
  

 	
  

 	
  

 	
  

 
	
 (North Carolina limited liability

 company)

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 
	
 Org. no. 0571969

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 
	
 Mechanical Specialties

 Contractors, Inc.

 (North Carolina Corporation)

 	
  

 	
 100 Forsyth
 Hall Drive

 Suite D

 Charlotte, NC 28273

 	
  

 	
 2274 Azalea
 Dr.

 Suite B

 Lawrenceville, GA 30043

 	
  

 	
  

 
	
 Org. No.
 0406593

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 
	
 Intermech, Inc.
(Delaware Corporation)

 Org. No. 0894383

 	
  

 	
 3909
 Westpoint Dr.

 Winston-Salem, NC 27103

 	
  

 	
 1380
 Enterprise St.

 Idaho Falls, ID 83402

 227 Trade Court

 Aikem, SC 29805

 654 Truman Ave.

 Richland, WA 99352

 	
  

 	
  

 
	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 
	
 Harry Pepper & Associates, Inc.
(Florida
 Corporation)

 Org. No. 238126

 	
  

 	
 9000 Regency
 Square Blvd. 

 Suite 100

 Jacksonville, FL 32211

 	
  

 	
 8233 Gator
 Lane

 Suite No. 1

 West Palm Beach, FL 
33411

 6706 N. 9th Ave.

 Suite No. A7

 Pensacola, FL 3250

 	
  

 	
  

 
	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 
	
 USM Services Holdings, Inc.
(Delaware
 Corporation)

 Org. No. 4927170

 	
  

 	
 1880 Markley
 St.

 Norristown, PA 19401

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 
	
 USM (Delaware) Inc.
(Delaware Corporation)

 Org. No. 4435782

 	
  

 	
 1880 Markley
 St.

 Norristown, PA 19401

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 
	
 USM, Inc.
(Pennsylvania Corporation)

 Org. No. 1048528

 	
  

 	
 1880 Markley
 St.

 Norristown, PA 19401

 	
  

 	
 260 Maple
 Court

 Suite 210

 Ventura, CA 93003

 151 Bodman

 Red Bank, NJ 07701

 	
  

 	
  

 

A-18

Schedule B

Trade Names

	
  

 	
  

 	
  

 	
  

 	
  

 
	
 Debtor’s Name

 	
  

 	
 Prior Legal Name in Past

 5 Years

 	
  

 	
 Trade Names/Names in Past 5 
Years

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
 EMCOR Group, Inc.

 	
  

 	
 None

 	
  

 	
 None

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
 EMCOR Construction Services,
 Inc.

 	
  

 	
 EMCOR Construction

 Holding Services, Inc.

 (DE)

 	
  

 	
 None

 
	
  

 	
  

 	
 EMCOR 

 Mechanical/Electrical 

 Services (Midwest), 
Inc.; EMCOR 

 Mechanical/Electrical

 Services (South), Inc.; 

 EMCOR 

 Mechanical/Electrical 

 Services (West), Inc. - 

 each in DE

 	
  

 	
  

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
 EMCOR Facilities Services, Inc.

 	
  

 	
 None

 	
  

 	
 EMCOR Energy Services

 
	
  

 	
  

 	
  

 	
  

 	
 EMCOR Industrial

 Services Consulting 

 Group

 
	
  

 	
  

 	
  

 	
  

 	
 Efacilities

 
	
  

 	
  

 	
  

 	
  

 	
 Chicago Fire Protection 

 Group

 
	
  

 	
  

 	
  

 	
  

 	
 Facilities Knowledge 

 Center (with respect to

 the Phoenix, AZ 

 property)

 
	
  

 	
  

 	
  

 	
  

 	
 EMCOR Customer 

 Solutions Center

 
	
  

 	
  

 	
  

 	
  

 	
 EMCOR Mobile Services

 
	
  

 	
  

 	
  

 	
  

 	
 EMCOR Mechanical 

 Services

 
	
  

 	
  

 	
  

 	
  

 	
 EMCOR Services 

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
 Mesa Energy Systems, Inc.

 	
  

 	
 None

 	
  

 	
 EMCOR Services 

 Integrated Solutions

 
	
  

 	
  

 	
  

 	
  

 	
 EMCOR Service VSD

 
	
  

 	
  

 	
  

 	
  

 	
 EMCOR Services

 
	
  

 	
  

 	
  

 	
  

 	
 Fuller Air Conditioning

 
	
  

 	
  

 	
  

 	
  

 	
 EMCOR Services ARC

 
	
  

 	
  

 	
  

 	
  

 	
 EMCOR Services Fuller (re

 
	
  

 	
  

 	
  

 	
  

 	
 the Lemon Grove, CA 

 property)

 
	
  

 	
  

 	
  

 	
  

 	
 EMCOR Service Fuller Air

 
	
  

 	
  

 	
  

 	
  

 	
 EMCOR Services Mesa

 
	
  

 	
  

 	
  

 	
  

 	
 Hillcrest Air Conditioning

 
	
  

 	
  

 	
  

 	
  

 	
 Hillcrest Sheet Metal

 
	
  

 	
  

 	
  

 	
  

 	
 EMCOR Service Mesa

 
	
  

 	
  

 	
  

 	
  

 	
 EMCOR Services Nevada

 

	
  

 	
  

 	
  

 	
  

 	
  

 
	
 Debtor’s Name

 	
  

 	
 Prior Legal Name in Past

 5 Years

 	
  

 	
 Trade Names/Names in Past 

 5 Years

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
 EMCOR International Inc.

 	
  

 	
 None

 	
  

 	
 None

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
 EMCOR Mechanical/

 Electrical Services (East), Inc.

 	
  

 	
 None

 	
  

 	
 None

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
 EMCOR Energy Services, Inc.

 	
  

 	
 EMCOR Energy & 

 Technologies, Inc.

 (DE)

 	
  

 	
 EMCOR Energy

 EMCOR Energy Services

 
	
  

 	
  

 	
 Newcomb Anderson 

 Associates (CA)

 	
  

 	
 EMCOR Telecom

 EMCOR Technologies

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
 Heritage Mechanical Services, Inc.

 	
  

 	
 Heritage Mandell 

 Mechanical Services, Inc. (NY)

 	
  

 	
 EMCOR Service Heritage 

 Air Systems

 
	
  

 	
  

 	
  

 	
  

 	
 Heritage Air Systems

 
	
  

 	
  

 	
  

 	
  

 	
 Heritage Mechanical 

 Services

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
 Welsbach Electric Corp.

 	
  

 	
 None

 	
  

 	
 Tech Serv 

 Broadway Maintenance 

 Serota Signs 

 AZCO Modular Structures

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
 Forest Electric Corp.

 	
  

 	
 None

 	
  

 	
 Forest Datacom Services

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
 Welsbach Electric Corp. of L.I.

 	
  

 	
 None

 	
  

 	
 Broadway Maintenance 

 Forest/Welsbach 

 Technical Services

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
 Penguin Maintenance and 

 Services Inc.

 	
  

 	
 None

 	
  

 	
 Broadway Electrical 

 Maintenance

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
 Penguin Air Conditioning Corp.

 	
  

 	
 None

 	
  

 	
 Penguin Broadway 

 Electrical Maintenance

 
	
  

 	
  

 	
  

 	
  

 	
 EMCOR Service Penguin 

 Air 

 Penguin Broadway

 Maintenace & Service

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
 J. C. Higgins Corp.

 	
  

 	
 None

 	
  

 	
 Tucker Mechanical

 
	
  

 	
  

 	
  

 	
  

 	
 EMCOR Service Tucker 

 Mechanical

 
	
  

 	
  

 	
  

 	
  

 	
 J.C. Higgins

 
	
  

 	
  

 	
  

 	
  

 	
 J.C. Higgins Service Company

 
	
  

 	
  

 	
  

 	
  

 	
 Gibbs-McAllister

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
 Duffy Mechanical Corp.

 	
  

 	
 None

 	
  

 	
 Duffy Mechanical

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
 EMCOR Hyre Electric Co. 

 of Indiana, Inc.

 	
  

 	
 JWP/Hyre Electric Co. 

 of Indiana, Inc.

 	
  

 	
 JWP Electrical Services Co. 

 of Ohio

 

B-2

	
  

 	
  

 	
  

 	
  

 	
  

 
	
 Debtor’s Name

 	
  

 	
 Prior Legal Name in Past

 5 Years

 	
  

 	
 Trade Names/Names in Past 

 5 Years

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
  (DE)

 	
  

 	
 JWP Hyre Electric of Ohio

 
	
  

 	
  

 	
  

 	
  

 	
 JWP/Hyre Electric of Ohio

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
 Gibson Electric Co., Inc.

 	
  

 	
 None

 	
  

 	
 EMCOR Technologies

 
	
  

 	
  

 	
  

 	
  

 	
 Gibson Electric and

 Technologies

 
	
  

 	
  

 	
  

 	
  

 	
 Communication and Data 

 Services

 
	
  

 	
  

 	
  

 	
  

 	
 Gibson Electric & 

 Technology Solutions

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
 University Mechanical & 

 Engineering Contractors, Inc. 

 (California Corporation)

 	
  

 	
 None

 	
  

 	
 Spira-Loc

 University Industrial 

 Services

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
 Pace Mechanical Services II, Inc.

 	
  

 	
 Pace Mechanical 

 Services, Inc.

 	
  

 	
 EMCOR Service Pace 

 Mechanical

 
	
  

 	
  

 	
  

 	
  

 	
 EMCOR Pace Mechanical 

 Services, Inc.

 Pace Mechanical Services

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
 University Mechanical & 

 Engineering Contractors, Inc. (Arizona Corporation)

 	
  

 	
 None

 	
  

 	
 None

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
 Hansen Mechanical Contractors, Inc.

 	
  

 	
 None

 	
  

 	
 None

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
 Design Air, Limited

 	
  

 	
 None

 	
  

 	
 None

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
 Trautman & Shreve, Inc.

 	
  

 	
 None

 	
  

 	
 None

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
 EMCOR Gowan, Inc.

 	
  

 	
 None

 	
  

 	
 Gowan, Inc.

 
	
  

 	
  

 	
  

 	
  

 	
 The Warren Company

 
	
  

 	
  

 	
  

 	
  

 	
 Gowco

 
	
  

 	
  

 	
  

 	
  

 	
 Gowco, Inc.

 
	
  

 	
  

 	
  

 	
  

 	
 Systems Commissioning

 
	
  

 	
  

 	
  

 	
  

 	
 Gowan Sheet Metal

 Gowan Sheet Metal, Inc.

 
	
  

 	
  

 	
  

 	
  

 	
 EMCOR Service Gowan

 
	
  

 	
  

 	
  

 	
  

 	
 EMCOR Service Gowan, Inc.

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
 Inte-Fac Corp.

 	
  

 	
 None

 	
  

 	
 None

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
 MES Holdings Corporation

 	
  

 	
 None

 	
  

 	
 None

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
 R. S. Harritan & Company, Inc.

 	
  

 	
 None

 	
  

 	
 None

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
 Labov Mechanical, Inc.

 	
  

 	
 None

 	
  

 	
 Labov Mechanical 

 Contractors

 
	
  

 	
  

 	
  

 	
  

 	
 EMCOR Services Labov

 

B-3

	
  

 	
  

 	
  

 	
  

 	
  

 
	
 Debtor’s Name

 	
  

 	
 Prior Legal Name in Past

 5 Years

 	
  

 	
 Trade Names/Names in Past 

 5 Years

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
  

 	
  

 	
 EMCOR Service Labov

 EMCOR Services Labov 

 Mechanical

 EMCOR Services Fluidics 

 Labov

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
 Labov Plumbing, Inc.

 	
  

 	
 None

 	
  

 	
 None

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
 Dynalectric Company of Ohio

 	
  

 	
 None

 	
  

 	
 None

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
 Dynalectric of Michigan II, Inc.

 	
  

 	
 Dynalectric of 

 Michigan, Inc.

 	
  

 	
 John Miller Electric & 

 Technologies

 
	
  

 	
  

 	
  

 	
  

 	
 Dynalectric Michigan

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
 DeBra-Kuempel Inc.

 	
  

 	
 The Fred B. DeBra Co.

 	
  

 	
 DeBra Kuempel

 
	
  

 	
  

 	
  

 	
  

 	
 EMCOR Service DeBra-

 Kuempel

 
	
  

 	
  

 	
  

 	
  

 	
 EMCOR Service Automated 

 Controls

 
	
  

 	
  

 	
  

 	
  

 	
 Dynalectric Ohio

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
 Marelich Mechanical Co., Inc.

 	
  

 	
 None

 	
  

 	
 Control Systems Specialist

 
	
  

 	
  

 	
  

 	
  

 	
 University Marelich 

 Mechanical

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
 Dynalectric Company

 	
  

 	
 None

 	
  

 	
 Dynatran

 
	
  

 	
  

 	
  

 	
  

 	
 Ferguson Dynalectric of 

 Colorado

 
	
  

 	
  

 	
  

 	
  

 	
 Wasatch

 Wasatch Electric

 
	
  

 	
  

 	
  

 	
  

 	
 Dynalectric Information 

 Technologies

 
	
  

 	
  

 	
  

 	
  

 	
 Dynalectric Service & 

 Systems Group

 
	
  

 	
  

 	
  

 	
  

 	
 EMCOR Construction

 Services

 
	
  

 	
  

 	
  

 	
  

 	
 Dynatechnologies

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
 DYN Specialty Contracting, Inc.

 	
  

 	
 None

 	
  

 	
 None

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
 KDC Inc.

 	
  

 	
 None

 	
  

 	
 KDC Systems

 
	
  

 	
  

 	
  

 	
  

 	
 Dynalectric 

 IDMA

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
 Contra Costa Electric, Inc.

 	
  

 	
 None

 	
  

 	
 None

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
 Dynalectric Company of Nevada

 	
  

 	
 None

 	
  

 	
 None

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
 EMCOR Services Northeast, Inc.

 	
  

 	
 Balco, Inc.

 (MA)

 	
  

 	
 EMCOR Services Balco/

 J.C. Higgins

 
	
  

 	
  

 	
 Commonwealth Air 

 Conditioning and 

 	
  

 	
 EMCOR Services CommAir

 

B-4

	
  

 	
  

 	
  

 	
  

 	
  

 
	
 Debtor’s Name

 	
  

 	
 Prior Legal Name in Past

 5 Years

 	
  

 	
 Trade Names/Names in Past 

 5 Years

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
 Heating, Inc.

 (MA)

 	
  

 	
 EMCOR Services 

 CommAir/Balco

 
	
  

 	
  

 	
  

 	
  

 	
 EMCOR Services Northeast 

 Balco/J.C. Higgins

 
	
  

 	
  

 	
  

 	
  

 	
 EMCOR Services Northeast 

 CommAir

 
	
  

 	
  

 	
  

 	
  

 	
 EMCOR Services Northeast 

 CommAir Balco

 EMCOR Services Balco

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
 Building Technology Engineers, Inc.

 	
  

 	
 None

 	
  

 	
 BTE (Massachusetts), Inc.

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
  

 	
  

 	
 BTE of Massachusetts

 
	
  

 	
  

 	
  

 	
  

 	
 Building Operations 

 Technologies of Mass

 
	
  

 	
  

 	
  

 	
  

 	
 Building Technology, Inc.

 
	
  

 	
  

 	
  

 	
  

 	
 Building Technology

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
 Poole & Kent Company of Florida

 	
  

 	
 None

 	
  

 	
 None

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
 Monumental Investment Corporation

 	
  

 	
 None

 	
  

 	
 None

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
 The Poole and Kent Corporation

 	
  

 	
 None

 	
  

 	
 Duffy Mechanical

 EMCOR Services Poole and 

 Kent

 
	
  

 	
  

 	
  

 	
  

 	
 Poole and Kent 

 Construction Services

 
	
 The Poole and Kent Company

 	
  

 	
 None

 	
  

 	
 EMCOR Service Poole and 

 Kent

 
	
  

 	
  

 	
  

 	
  

 	
 EMCOR Service Poole and 

 Kent Northern 

 Operations

 
	
  

 	
  

 	
  

 	
  

 	
 EMCOR Service Poole and 

 Kent Southern 

 Operations

 
	
  

 	
  

 	
  

 	
  

 	
 The Poole and Kent 

 Company of Maryland

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
 S. A. Comunale Co., Inc.

 	
  

 	
 None

 	
  

 	
 None

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
 Air Systems, Inc.

 	
  

 	
 Air Systems 

 Acquisition, Inc.

 	
  

 	
 EMCOR Services Air 

 Systems

 
	
  

 	
  

 	
 San Jose Air Systems, Inc.

 	
  

 	
 EMCOR Services

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
 Fluidics, Inc.

 	
  

 	
 Wredna, Inc. (DE) and 

 QLR Corporation (DE)

 	
  

 	
 EMCOR Services Fluidics

 

B-5

	
  

 	
  

 	
  

 	
  

 	
  

 
	
 Debtor’s Name

 	
  

 	
 Prior Legal Name in Past

 5 Years

 	
  

 	
 Trade Names/Names in Past 

 5 Years

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
 University Marelich Mechanical Co., Inc.

 	
  

 	
 None

 	
  

 	
 None

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
 Midland Fire Protection, Inc.

 	
  

 	
 None

 	
  

 	
 None

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
 Poole and Kent-Connecticut, Inc.

 	
  

 	
 Environmental 

 Engineering Company 

 (MD)

 	
  

 	
 None

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
 Poole and Kent 

 Distributors, Inc. (MD)

 	
  

 	
  

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
 Poole and Kent - New England, Inc.

 	
  

 	
 None

 	
  

 	
 None

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
 Monumental Heating, Ventilating

 and Air Conditioning 

 Contractors, Inc.

 	
  

 	
 None

 	
  

 	
 None

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
 Forti/Poole and Kent, LLC

 	
  

 	
 None

 	
  

 	
 None

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
 HVAC, Ltd.

 	
  

 	
 None

 	
  

 	
 None

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
 Atlantic Coast Mechanical, Inc.

 	
  

 	
 None

 	
  

 	
 None

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
 Great Monument Construction Company

 	
  

 	
 None

 	
  

 	
 None

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
 EMCOR-CSI Holding Co.

 	
  

 	
 None

 	
  

 	
 None

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
 Border Electric Co., L.P.

 	
  

 	
 None

 	
  

 	
 None

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
 Border Mechanical Co., L.P.

 	
  

 	
 None

 	
  

 	
 None

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
 Central Mechanical Construction Co., Inc.

 	
  

 	
 None

 	
  

 	
 None.

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
 CS48 Acquisition Corp.

 	
  

 	
 None

 	
  

 	
 None

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
 CSUSA Holdings L.L.C.

 	
  

 	
 None

 	
  

 	
 None

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
 F & G Mechanical Corporation

 	
  

 	
 None

 	
  

 	
 EMCOR Services F & G 

 Mechanical

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
 F & G Plumbing, Inc.

 	
  

 	
 None

 	
  

 	
 None

 

B-6

	
  

 	
  

 	
  

 	
  

 	
  

 
	
 Debtor’s Name

 	
  

 	
 Prior Legal Name in Past

 5 Years

 	
  

 	
 Trade Names/Names in Past 

 5 Years

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
 EMCOR Services New York/

 New Jersey, Inc.

 	
  

 	
 Gotham Air 

 Conditioning Service, 

 Inc. (DE)

 	
  

 	
 EMCOR Services Gotham 

 Air

 
	
 Gotham Air Conditioning 

 Services

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
 Trimech Corporation 

 (NJ)

 	
  

 	
 EMCOR Services Trimech

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
 Hillcrest Sheet Metal, Inc.

 	
  

 	
 None

 	
  

 	
 Healthy Air Ducts

 
	
  

 	
  

 	
  

 	
  

 	
 Hillcrest Air Conditioning

 EMCOR Services Hillcrest

 
	
 Illingworth-Kilgust Mechanical, Inc.

 	
  

 	
 Kilgust Mechanical, Inc.

 	
  

 	
 Illingworth-Kilgust 

 Mechanical

 
	
  

 	
  

 	
  

 	
  

 	
 EMCOR Services Integrated

 Solutions

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
 Kuempel Service, Inc.

 	
  

 	
 None

 	
  

 	
 EMCOR Service DeBra 

 Kuempel

 DeBra Kuempel

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
 Lowrie Electric Company, Inc.

 	
  

 	
 None

 	
  

 	
 None

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
 Mandell Mechanical Corporation

 	
  

 	
 None

 	
  

 	
 Heritage Mandell

 Heritage Mechanical

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
 Maximum Refrigeration & Air

 Conditioning Corp.

 	
  

 	
 None

 	
  

 	
 None

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
 Meadowlands Fire Protection Corp.

 	
  

 	
 None

 	
  

 	
 None

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
 Nogle & Black Mechanical, Inc.

 	
  

 	
 None

 	
  

 	
 EMCOR Services Nogle & 

 Black

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
 North Jersey Mechanical Contractors, Inc.

 	
  

 	
 None

 	
  

 	
 NJM Service

 

 North Jersey Maximum Mechanical

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
 Shambaugh & Son, L.P.

 	
  

 	
 None

 	
  

 	
 Havel Brothers

 
	
  

 	
  

 	
  

 	
  

 	
 Ed Grace

 
	
  

 	
  

 	
  

 	
  

 	
 Guardian Fire Protection

 
	
  

 	
  

 	
  

 	
  

 	
 Acoustics

 
	
  

 	
  

 	
  

 	
  

 	
 Advanced Systems Group

 
	
  

 	
  

 	
  

 	
  

 	
 Advanced Systems 

 

B-7

	
  

 	
  

 	
  

 	
  

 	
  

 
	
 Debtor’s Name

 	
  

 	
 Prior Legal Name in Past

 5 Years

 	
  

 	
 Trade Names/Names in Past 

 5 Years

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
  

 	
  

 	
 Computer Consultants

 
	
  

 	
  

 	
  

 	
  

 	
 Chicago Fire Protection 

 Acoustics

 
	
  

 	
  

 	
  

 	
  

 	
 Havel

 Guardian Fire Protection Systems

 Pace Mechanical Services

 EMCOR Facility Services

 EMCOR Construction Services

 Shambaugh Fire Protection

 Dynalectric Michigan

 Advanced Systems Computer Consulting

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
 The Fagan Company

 	
  

 	
 None

 	
  

 	
 KC Fab

 
	
  

 	
  

 	
  

 	
  

 	
 Fagan Supermarket 

 Refrigeration

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
 Walker-J-Walker, Inc.

 	
  

 	
 None

 	
  

 	
 EMCOR Service Walker

 
	
  

 	
  

 	
  

 	
  

 	
 EMCOR Services Walker J. 

 Walker

 
	
  

 	
  

 	
  

 	
  

 	
 EMCOR Services Integrated 

 Solutions

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
 EMCOR Government Services, Inc.

 	
  

 	
 Consolidated Engineering Services,
 Inc. (MD)

 	
  

 	
 Consolidated Services, Inc.

 EMCOR Services

 Consolidated Services of 

 Maryland, Inc.

 
	
  

 	
  

 	
  

 	
  

 	
 Consolidated Engineering 

 Services, Inc.

 
	
  

 	
  

 	
  

 	
  

 	
 Consolidated Engineering

 Services

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
 Aircond Corporation

 	
  

 	
 None

 	
  

 	
 EMCOR Services Aircond

 EMCOR Services Integrated 

 Solutions

 EMCOR Service Integrated 

 Services

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
 The Betlem Service Corporation

 	
  

 	
 None

 	
  

 	
 EMCOR Services Betlem 

 Residential

 
	
  

 	
  

 	
  

 	
  

 	
 EMCOR Services Betlem 

 Home Energy

 
	
  

 	
  

 	
  

 	
  

 	
 Betlem Heating and Air

 Conditioning

 
	
  

 	
  

 	
  

 	
  

 	
 EMCOR Services Betlem

 Service

 
	
  

 	
  

 	
  

 	
  

 	
 EMCOR Services betlem

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
 CES Facilities Management 

 Services, Inc.

 	
  

 	
 None

 	
  

 	
 None

 

B-8

	
  

 	
  

 	
  

 	
  

 	
  

 
	
 Debtor’s Name

 	
  

 	
 Prior Legal Name in Past

 5 Years

 	
  

 	
 Trade Names/Names in Past 5
Years

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
 Combustioneer Corporation

 	
  

 	
 None

 	
  

 	
 EMCOR Services 

 Combustioneer

 
	
  

 	
  

 	
  

 	
  

 	
 EMCOR Services Mid-Atlantic

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
 EMCOR Services Team Mechanical, Inc.

 	
  

 	
 EMCOR Services Midwest, inc.

 	
  

 	
 EMCOR Services Hayes Mechanical

 Midwesco Services

 EMCOR Midwesco Services

 Team Mechanical

 EMCOR Services Midwest

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
 New England Mechanical Services of
 Massachusetts, Inc.

 	
  

 	
 None

 	
  

 	
 None

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
 New England Mechanical 

 Services, Inc.

 	
  

 	
 None

 	
  

 	
 NEMSI

 
	
  

 	
  

 	
  

 	
 EMCOR Services New 

 England Mechanical

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
 Trimech Plumbing L.L.C.

 	
  

 	
 None

 	
  

 	
 None

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
 Viox Services, Inc.

 	
  

 	
 None

 	
  

 	
 None

 
	
 F & G Management, Inc.

 	
  

 	
 None

 	
  

 	
 None

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
 FR X Ohmstede Acquisitions Co.

 	
  

 	
 None

 	
  

 	
 None

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
 Ohmstede Partners LLC

 	
  

 	
 None

 	
  

 	
 None

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
 Beaumont Real Estate Holding Company

 	
  

 	
 None

 	
  

 	
 None

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
 HNT Holdings Inc.

 	
  

 	
 None

 	
  

 	
 None

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
 Ohmstede Industrial Services Inc.

 	
  

 	
 Hydraulic Extractor 

 Services, Inc.

 	
  

 	
 United Industrial Services-

 Beaumont

 
	
  

 	
  

 	
  

 	
  

 	
 Ohmstede United Industrial

 Services Divison

 
	
  

 	
  

 	
  

 	
  

 	
 Elite Project Planning

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
 Ohmstede Holdings LLC

 	
  

 	
 None

 	
  

 	
 None

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
 Ohmstede Ltd.

 	
  

 	
 Ohmstede LP

 	
  

 	
 Ohmstede Ltd., LP

 Ohmstede Ltd., Limited
Partnership

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
 Performance Mechanical, Inc.

 	
  

 	
 None

 	
  

 	
 None

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
 Redman Equipment and
Manufacturing Company

 	
  

 	
 None

 	
  

 	
 None

 

B-9

	
  

 	
  

 	
  

 	
  

 	
  

 
	
 Debtor’s Name

 	
  

 	
 Prior Legal Name in Past

 5 Years

 	
  

 	
 Trade Names/Names in Past 5
 Years

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
 Professional Mechanical 

 Contractors, LLC

 	
  

 	
 None

 	
  

 	
 None

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
 Mechanical Services of Central Florida,
 Inc.

 	
  

 	
 None

 	
  

 	
 EMCOR Services Integrated 

 Solutions of Florida

 EMCOR Services MSI – 

 Mechanical Services

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
 MOR PPM, Inc.

 

 L.T. Mechanical, Inc.

 	
  

 	
 None

 

 None

 	
  

 	
 PPM

 

 EMCOR Services L.T. 

 Mechanical

 
	
 EMCOR Services Arizona, Inc.

 	
  

 	
 None

 	
  

 	
 None

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
 USM, Inc.

 	
  

 	
 Tower Clearing 

 Systems, Inc.

 	
  

 	
  

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
 US Maintenance Inc.

 	
  

 	
  

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
 Bahnson, Inc.

 	
  

 	
 Luwa, Inc.

 	
  

 	
  

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
 Bahnson Environmental Specialties, LLC

 	
  

 	
 Luwa Environmental 

 Specialties

 	
  

 	
  

 

B-10

SCHEDULE C
INTELLECTUAL PROPERTY

Trademarks and
Trademark Applications: EMCOR Group, Inc.

	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 
	
 TRADEMARK 

 	
  

 	
 COUNTRY 

 	
  

 	
 STATUS 

 	
  

 	
 APP. NO. 

 	
  

 	
 FILED 

 	
  

 	
 REG. NO. 

 	
  

 	
 REGISTERED 

 
	

 

 	
  

 	

 

 	
  

 	

 

 	
  

 	

 

 	
  

 	

 

 	
  

 	

 

 	
  

 	

 

 
	
 Be There For Life

 	
  

 	
 CANADA

 	
  

 	
 PENDING

 	
  

 	
 1,341,139

 	
  

 	
 03/28/2007

 	
  

 	
  

 	
  

 	
  

 
	
 Be There For Life

 	
  

 	
 EUROPEAN UNION
 (CT)

 	
  

 	
 PENDING

 	
  

 	
 005835699

 	
  

 	
 04/17/2007

 	
  

 	
  

 	
  

 	
  

 
	
 Be There For Life

 	
  

 	
 UNITED STATES

 	
  

 	
 PENDING

 	
  

 	
 77/027,226

 	
  

 	
 10/23/2006

 	
  

 	
  

 	
  

 	
  

 
	
 Design

 	
  

 	
 EUROPEAN UNION
 (CT)

 	
  

 	
 PENDING

 	
  

 	
 004986816

 	
  

 	
 03/30/2006

 	
  

 	
  

 	
  

 	
  

 
	
 Design

 	
  

 	
 SOUTH AFRICA

 	
  

 	
 REGISTERED

 	
  

 	
 2001/12319

 	
  

 	
 7/17/2001

 	
  

 	
 2001/12319

 	
  

 	
 3/15/2006

 
	
 Design

 	
  

 	
 SOUTH AFRICA

 	
  

 	
 PENDING

 	
  

 	
 2001/12318

 	
  

 	
 7/17/2001

 	
  

 	
  

 	
  

 	
  

 
	
 Diamond Design

 	
  

 	
 CANADA

 	
  

 	
 REGISTERED

 	
  

 	
 1,227,886

 	
  

 	
 8/20/2004

 	
  

 	
 662,032

 	
  

 	
 3/31/2006

 
	
 Diamond Design

 	
  

 	
 CANADA

 	
  

 	
 PENDING

 	
  

 	
 1,296,603

 	
  

 	
 04/04/2006

 	
  

 	
  

 	
  

 	
  

 
	
 Diamond Design

 	
  

 	
 UNITED STATES

 	
  

 	
 REGISTERED

 	
  

 	
 76/197,550

 	
  

 	
 1/19/2001

 	
  

 	
 2,563,476

 	
  

 	
 4/23/2002

 
	
 Drake & Scull

 	
  

 	
 UNITED ARAB EMR

 	
  

 	
 REGISTERED

 	
  

 	
 48216

 	
  

 	
 06/23/2002

 	
  

 	
 35824

 	
  

 	
 01/15/2003

 
	
 Drake & Scull
 International

 	
  

 	
 UNITED ARAB EMR

 	
  

 	
 REGISTERED

 	
  

 	
 48215

 	
  

 	
 06/23/2002

 	
  

 	
 35823

 	
  

 	
 01/15/2003

 
	
 EFS

 	
  

 	
 EUROPEAN UNION
 (CTM)

 	
  

 	
 REGISTERED

 	
  

 	
 002348464

 	
  

 	
 8/22/2001

 	
  

 	
 002348464

 	
  

 	
 6/10/2003

 
	
 EFS

 	
  

 	
 SOUTH AFRICA

 	
  

 	
 REGISTERED

 	
  

 	
 2001/13770

 	
  

 	
 8/10/2001

 	
  

 	
 2001/13770

 	
  

 	
 7/11/2006

 
	
 EFS

 	
  

 	
 UNITED KINGDOM

 	
  

 	
 REGISTERED

 	
  

 	
 2278738

 	
  

 	
 8/23/2001

 	
  

 	
 2278738

 	
  

 	
 8/23/2001

 
	
 EFS

 	
  

 	
 UNITED STATES

 	
  

 	
 REGISTERED

 	
  

 	
 76/123,985

 	
  

 	
 9/ 7/2000

 	
  

 	
 2,940,330

 	
  

 	
 4/12/2005

 
	
 EFS - FACILITIES

 	
  

 	
 SOUTH AFRICA

 	
  

 	
 REGISTERED

 	
  

 	
 2001/13772

 	
  

 	
 8/10/2001

 	
  

 	
 2001/13772

 	
  

 	
 7/11/2006

 
	
 EFS - FACILITIES

 	
  

 	
 UNITED ARAB EMR

 	
  

 	
 REGISTERED

 	
  

 	
 44911

 	
  

 	
 10/30/2001

 	
  

 	
 35128

 	
  

 	
 12/14/2002

 
	
 EFS - FACILITIES

 	
  

 	
 EUROPEAN UNION
 (CTM)

 	
  

 	
 REGISTERED

 	
  

 	
 002349108

 	
  

 	
 8/22/2001

 	
  

 	
 002349108

 	
  

 	
 7/29/2003

 
	
 EFS - FACILITIES

 	
  

 	
 UNITED KINGDOM

 	
  

 	
 REGISTERED

 	
  

 	
 2278740

 	
  

 	
 8/23/2001

 	
  

 	
 2278740

 	
  

 	
 8/23/2001

 
	
 EFS - FACILITIES

 	
  

 	
 SOUTH AFRICA

 	
  

 	
 REGISTERED

 	
  

 	
 2001/13771

 	
  

 	
 8/10/2001

 	
  

 	
 2001/13771

 	
  

 	
 7/11/2006

 
	
 EMCOR

 	
  

 	
 CANADA

 	
  

 	
 REGISTERED

 	
  

 	
 1,227,764

 	
  

 	
 8/20/2004

 	
  

 	
 651,736

 	
  

 	
 10/25/2005

 
	
 EMCOR

 	
  

 	
 CANADA

 	
  

 	
 REGISTERED

 	
  

 	
 1,296,682

 	
  

 	
 4/04/2006

 	
  

 	
 690,311

 	
  

 	
 06/20/2007

 
	
 EMCOR

 	
  

 	
 EUROPEAN UNION
 (CT)

 	
  

 	
 PENDING

 	
  

 	
 004986857

 	
  

 	
 3/30/2006

 	
  

 	
  

 	
  

 	
  

 
	
 EMCOR

 	
  

 	
 UNITED ARAB EMR

 	
  

 	
 REGISTERED

 	
  

 	
 66590

 	
  

 	
 1/18/2005

 	
  

 	
 54490

 	
  

 	
 07/19/2005

 
	
 EMCOR & Design

 	
  

 	
 CANADA

 	
  

 	
 PENDING

 	
  

 	
 1,296,605

 	
  

 	
 4/4/2006

 	
  

 	
  

 	
  

 	
  

 
	
 EMCOR & Design

 	
  

 	
 EUROPEAN UNION
 (CT)

 	
  

 	
 PENDING

 	
  

 	
 004986733

 	
  

 	
 3/30/2006

 	
  

 	
  

 	
  

 	
  

 
	
 EMCOR & Design

 	
  

 	
 UNITED STATES

 	
  

 	
 REGISTERED

 	
  

 	
 75/895,899

 	
  

 	
 1/12/2000

 	
  

 	
 2,562,923

 	
  

 	
 4/23/2002

 
	
 EMCOR SERVICE

 	
  

 	
 UNITED STATES

 	
  

 	
 REGISTERED

 	
  

 	
 75/895,801

 	
  

 	
 1/12/2000

 	
  

 	
 2,575,099

 	
  

 	
 6/ 4/2002

 
	
 EMCOR. TAKING
 KIDSAFETY TO THE STREET

 	
  

 	
 CANADA

 	
  

 	
 REGISTERED

 	
  

 	
 1,295,595

 	
  

 	
 3/28/2006

 	
  

 	
 692378

 	
  

 	
 7/19/2007

 
	
 EMCOR. TAKING
 KIDSAFETY TO THE STREET

 	
  

 	
 EUROPEAN UNION
 (CT)

 	
  

 	
 PENDING

 	
  

 	
 004987012

 	
  

 	
 3/30/2006

 	
  

 	
  

 	
  

 	
  

 

C-1

	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 
	
 TRADEMARK 

 	
  

 	
 COUNTRY 

 	
  

 	
 STATUS 

 	
  

 	
 APP. NO. 

 	
  

 	
 FILED 

 	
  

 	
 REG. NO. 

 	
  

 	
 REGISTERED 

 
	

 

 	
  

 	

 

 	
  

 	

 

 	
  

 	

 

 	
  

 	

 

 	
  

 	

 

 	
  

 	

 

 
	
 EMCOR. TAKING 
KIDSAFETY
 TO THE STREET

 	
  

 	
 UNITED STATES

 	
  

 	
 REGISTERED

 	
  

 	
 78/704,379

 	
  

 	
 8/31/2005

 	
  

 	
 3,202,939

 	
  

 	
 1/23/2007

 
	
 FACILITIES EDGE

 	
  

 	
 EUROPEAN UNION
 (CTM)

 	
  

 	
 REGISTERED

 	
  

 	
 002361426

 	
  

 	
 9/ 3/2001

 	
  

 	
 002361426

 	
  

 	
 7/29/2003

 
	
 FACILITIES EDGE

 	
  

 	
 UNITED ARAB EMR

 	
  

 	
 REGISTERED

 	
  

 	
 44904

 	
  

 	
 10/30/2001

 	
  

 	
 35083

 	
  

 	
 12/10/2002

 
	
 FACILITIES EDGE

 	
  

 	
 UNITED STATES

 	
  

 	
 REGISTERED

 	
  

 	
 76/308,780

 	
  

 	
 9/ 4/2001

 	
  

 	
 2,751,080

 	
  

 	
 8/12/2003

 
	
 FACILITIES EDGE

 	
  

 	
 SOUTH AFRICA

 	
  

 	
 REGISTERED

 	
  

 	
 2001/14991

 	
  

 	
 8/29/2001

 	
  

 	
 2001/14991

 	
  

 	
 3/29/2006

 
	
 FACILITIES EDGE

 	
  

 	
 SOUTH AFRICA

 	
  

 	
 REGISTERED

 	
  

 	
 2001/14992

 	
  

 	
 8/29/2001

 	
  

 	
 2001/14992

 	
  

 	
 3/29/2006

 
	
 FACILITIES EDGE

 	
  

 	
 SOUTH AFRICA

 	
  

 	
 REGISTERED

 	
  

 	
 2001/14993

 	
  

 	
 8/29/2001

 	
  

 	
 2001/14993

 	
  

 	
 3/29/2006

 
	
 FACILITIES
 SERVICES TO THE POWER OF E

 	
  

 	
 EUROPEAN UNION
 (CTM)

 	
  

 	
 REGISTERED

 	
  

 	
 002347367

 	
  

 	
 8/22/2001

 	
  

 	
 002347367

 	
  

 	
 7/29/2003

 
	
 FACILITIES
 SERVICES TO THE POWER OF E

 	
  

 	
 UNITED KINGDOM

 	
  

 	
 REGISTERED

 	
  

 	
 2278742

 	
  

 	
 8/23/2001

 	
  

 	
 2278742

 	
  

 	
 8/23/2001

 
	
 FACILITIES
 SERVICES TO THE POWER OF E

 	
  

 	
 SOUTH AFRICA

 	
  

 	
 REGISTERED

 	
  

 	
 2001/13774

 	
  

 	
 8/10/2001

 	
  

 	
 2001/13774

 	
  

 	
 3/15/2006

 
	
 FACILITIES
 SERVICES TO THE POWER OF E

 	
  

 	
 UNITED STATES

 	
  

 	
 PENDING

 	
  

 	
 76/296,634

 	
  

 	
 8/ 8/2001

 	
  

 	
  

 	
  

 	
  

 
	
 FE (stylized)

 	
  

 	
 UNITED STATES

 	
  

 	
 REGISTERED

 	
  

 	
 76/297,396

 	
  

 	
 8/ 8/2001

 	
  

 	
 2,753,922

 	
  

 	
 8/19/2003

 
	
 FE (stylized)

 	
  

 	
 UNITED KINGDOM

 	
  

 	
 REGISTERED

 	
  

 	
 2278750

 	
  

 	
 8/23/2001

 	
  

 	
 2278750

 	
  

 	
 8/23/2001

 
	
 FE (stylized)

 	
  

 	
 SOUTH AFRICA

 	
  

 	
 REGISTERED

 	
  

 	
 2001/14231

 	
  

 	
 8/17/2001

 	
  

 	
 2001/14231

 	
  

 	
 11/10/2006

 
	
 FE (stylized)

 	
  

 	
 EUROPEAN UNION
 (CTM)

 	
  

 	
 REGISTERED

 	
  

 	
 002348597

 	
  

 	
 8/22/2001

 	
  

 	
 002348597

 	
  

 	
 7/29/2003

 
	
 KNOWLEDGE IN
 ACTION

 	
  

 	
 SOUTH AFRICA

 	
  

 	
 REGISTERED

 	
  

 	
 2001/12275

 	
  

 	
 7/16/2001

 	
  

 	
 2001/12275

 	
  

 	
 12/12/2005

 
	
 KNOWLEDGE IN
 ACTION

 	
  

 	
 UNITED STATES

 	
  

 	
 REGISTERED

 	
  

 	
 76/197,324

 	
  

 	
 1/19/2001

 	
  

 	
 2,648,390

 	
  

 	
 11/12/2002

 
	
 KNOWLEDGE IN
 ACTION

 	
  

 	
 OMAN

 	
  

 	
 REGISTERED

 	
  

 	
 25925

 	
  

 	
 7/17/2001

 	
  

 	
 25925

 	
  

 	
 9/21/2005

 
	
 KNOWLEDGE IN
 ACTION

 	
  

 	
 OMAN

 	
  

 	
 REGISTERED

 	
  

 	
 25924

 	
  

 	
 7/17/2001

 	
  

 	
 25924

 	
  

 	
 9/21/2005

 
	
 KNOWLEDGE IN
 ACTION

 	
  

 	
 EUROPEAN UNION
 (CTM)

 	
  

 	
 REGISTERED

 	
  

 	
 002302230

 	
  

 	
 7/16/2001

 	
  

 	
 002302230

 	
  

 	
 12/15/2003

 
	
 THE POWER OF E

 	
  

 	
 EUROPEAN UNION
 (CTM)

 	
  

 	
 REGISTERED

 	
  

 	
 002347656

 	
  

 	
 8/22/2001

 	
  

 	
 002347656

 	
  

 	
 7/29/2003

 
	
 THE POWER OF E

 	
  

 	
 UNITED KINGDOM

 	
  

 	
 REGISTERED

 	
  

 	
 2278743

 	
  

 	
 8/23/2001

 	
  

 	
 2278743

 	
  

 	
 8/23/2001

 
	
 THE POWER OF E

 	
  

 	
 SOUTH AFRICA

 	
  

 	
 REGISTERED

 	
  

 	
 2001/13773

 	
  

 	
 8/10/2001

 	
  

 	
 2001/13773

 	
  

 	
 3/15/2006

 

Trademarks and Trademark Applications: CES Facilities Management
Services

	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 
	
 TRADEMARK 

 	
  

 	
 COUNTRY 

 	
  

 	
 STATUS 

 	
  

 	
 APP. NO. 

 	
  

 	
 FILED 

 	
  

 	
 REG. NO. 

 	
  

 	
 REGISTERED 

 
	

 

 	
  

 	

 

 	
  

 	

 

 	
  

 	

 

 	
  

 	

 

 	
  

 	

 

 	
  

 	

 

 
	
 CES

 	
  

 	
 UNITED STATES

 	
  

 	
 REGISTERED

 	
  

 	
 76,087,071

 	
  

 	
 7/11/2000

 	
  

 	
 2,583,464

 	
  

 	
 6/18/2002

 

Trademarks and Trademark Applications: Fluidics, Inc.

	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 
	
 TRADEMARK 

 	
  

 	
 COUNTRY 

 	
  

 	
 STATUS 

 	
  

 	
 APP. NO. 

 	
  

 	
 FILED 

 	
  

 	
 REG. NO. 

 	
  

 	
 REGISTERED 

 
	

 

 	
  

 	

 

 	
  

 	

 

 	
  

 	

 

 	
  

 	

 

 	
  

 	

 

 	
  

 	

 

 
	
 F & Design

 	
  

 	
 CANADA

 	
  

 	
 REGISTERED

 	
  

 	
 745047

 	
  

 	
 1/12/1994

 	
  

 	
 455,787

 	
  

 	
 3/22/1996

 
	
 F & Design

 	
  

 	
 UNITED STATES

 	
  

 	
 REGISTERED

 	
  

 	
 74/413,681

 	
  

 	
 7/16/1993

 	
  

 	
 1,895,331

 	
  

 	
 5/23/1995

 
	
 FLUIDICS

 	
  

 	
 CANADA

 	
  

 	
 REGISTERED

 	
  

 	
 745063

 	
  

 	
 1/12/1994

 	
  

 	
 447,654

 	
  

 	
 9/15/1995

 

C-2

	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 
	
 TRADEMARK 

 	
  

 	
 COUNTRY 

 	
  

 	
 STATUS 

 	
  

 	
 APP. NO. 

 	
  

 	
 FILED 

 	
  

 	
 REG. NO. 

 	
  

 	
 REGISTERED 

 
	

 

 	
  

 	

 

 	
  

 	

 

 	
  

 	

 

 	
  

 	

 

 	
  

 	

 

 	
  

 	

 

 
	
 FLUIDICS

 	
  

 	
 UNITED STATES

 	
  

 	
 REGISTERED

 	
  

 	
 75/975,919

 	
  

 	
 7/16/1993

 	
  

 	
 2,086,132

 	
  

 	
 8/15/1997

 
	
 FLUIDICS

 	
  

 	
 UNITED STATES

 	
  

 	
 REGISTERED

 	
  

 	
 74/413,680

 	
  

 	
 7/16/1993

 	
  

 	
 2,085,139

 	
  

 	
 8/5/1997

 

No other
Debtor owns any intellectual property rights. 

C-3

SCHEDULE
D

INVESTMENT
PROPERTY

	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 
	
 INVESTMENTS

 	
  

 	
 AMOUNT OF INVESTMENT

 	
  

 	
 PAYEE OR HOLDER

 
	

 

 	
  

 	

 

 	
  

 	

 

 
	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 
	
 1.

 	
 Colony
 Holdings Ltd.

    (Bermuda)

 	
  

 	
 60,000
 shares —12% interest

 	
  

 	
 Monumental
 Investment Corp.

 
	
 2.

 	
 Baltimore
 Ravens

 	
  

 	
 License
 (right) for 16 seats

 	
  

 	
 The Poole
 & Kent Corporation

 
	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 
	
 3.

 	
 T.P.C. of
 Boston

 	
  

 	
 $35,000
 investment in country club membership

 	
  

 	
 J. C.
 Higgins Corp.

 
	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 
	
 4.

 	
 Cash
 Surrender Value of split dollar insurance policy 

 	
  

 	
 $1,229,000

 	
  

 	
 Penguin Air
 Condition Corp.

 
	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 
	
 5.

 	
 Cash
 Surrender Value of split dollar life insurance policy

 	
  

 	
 $709,000 

 	
  

 	
 Shambaugh
 & Son, LP

 
	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 
	
 6. F & G
 Mechanical Inc.

         (New York)

 	
  

 	
 90 shares –
 45% interest

 	
  

 	
 F&G
 Mechanical Corp.

 
	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 
	
 7. C & H
 Services LLC

 	
  

 	
 50% Interest

 	
  

 	
 Ohmstede
 Ltd.

 

SCHEDULE E

DEPOSIT ACCOUNTS

Deposit
Accounts are set forth in the Side Letter.

- 1 -

SCHEDULE F

COMMERCIAL TORT CLAIMS

NONE

- 2 -

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00196-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00196-of-00352.parquet"}]]