Document:

Exhibit 4.22

THIS IS AN IMPORTANT DOCUMENT
WHICH SETS OUT THE TERMS AND CONDITIONS OF YOUR OVERDRAFT FACILITY.  PLEASE NOTE THAT OVERDRAFTS ARE REPAYABLE ON
DEMAND.  WE RECOMMEND THAT YOU TAKE
INDEPENDENT LEGAL ADVICE IF YOU HAVE ANY DOUBTS REGARDING THE TERMS AND
CONDITIONS OF THE FACILITY.

	
  

  	
  

  
	
  

  	
  Solent
  Corporate Centre

  
	
  Date: 15
  February 2007

  	
  Address:

  	
  3 Hampshire
  Corporate Park, PO Box 462

  
	
   

  	
   

  	
  Templars Way,
  Chandlers Ford

  
	
  Private
  & Confidential

  	
   

  	
  Hants SO53 3RY

  
	
   

  	
  Telephone:

  	
  02380 242145

  
	
  Russ Berrie (U
  K) Limited

  	
   

  	
   

  
	
  Company Number
  01459528

  	
   

  	
   

  
	
  Stoke Park,
  Tower Lane

  	
   

  	
   

  
	
  Eastleigh,
  Hampshire

  	
   

  	
   

  
	
  SO50 6NZ

  	
   

  	
   

  

Dear Sirs

Business Overdraft Facility

Facility
Account: account number [TO BE ADVISED UNDER SEPARATE
COVER] at the Bank’s Southampton High Street branch (sorting code 56-00- 68) 

I write to advise
the terms and conditions upon which The Royal Bank of Scotland plc (“RBS”) acting as agent for National Westminster Bank Plc is
willing to make available to you an overdraft facility (the “Facility”) on the above Facility Account for the purpose of
your business.  For the purposes of this
letter, National Westminster Bank Plc shall be referred to as the “Bank” (which expression means its successors and assigns).

1              Limit

1.1                                 The overdraft limit (the “Overdraft
Limit”) will vary as follows:-

£1,500,000
from 1 January until 31st March in each year, then;

£1,000,000 from 1 April until
31 December in each year.

1.2                                 The Overdraft Limit should not be exceeded
without the Bank’s prior consent and the Bank may decline to pay a cheque (or
allow any other payment or withdrawal) which would have that effect.  If the Bank does pay such a cheque (or allow
such other payment or withdrawal) which results in the Overdraft Limit being
exceeded it will not mean either that the Overdraft Limit has changed or that
the Bank will agree to pay any other cheque (or allow any other payment or
withdrawal) which would have the effect of exceeding the Overdraft Limit.

1.3                                 The Bank may disregard any uncleared credits
for the purposes of calculating the amount outstanding under the Facility (and
any interest payable).  If however the
Bank does pay a cheque (or allows any other payment or withdrawal) against
uncleared credits this does not mean that it is bound to do so at other times.

2              Preconditions

2.1                                 The Bank will not be obliged to make the
Facility available until the following conditions have been met:-

(a)                                  any security required in terms of Clause 6 of
this letter has been valued and completed to the Bank’s satisfaction; and

(b)                                 you have accepted the Facility on the terms and
conditions set out in this letter by returning the duplicate of this letter
with the acknowledgement duly signed, within 28 days of the date of this
letter.

(c)                                  the Bank has received and is satisfied with the
documentation / information required from you to enable the Bank to comply with
its account opening / ‘know your customer’ obligations / requirements in
relation to yourself.

(d)                                 the Bank has undertaken and is satisfied with a
review of your debtor book.

3              Availability

3.1                                 The Facility is repayable upon demand in
accordance with normal banking practice and the Facility can be unconditionally
cancelled by the Bank at any time.

3.2                                 Subject to the Bank’s rights under Clause 3.1
the Facility will be available until notification to you by the Bank of its
intention to cancel the Facility. 
Without prejudice to the Bank’s rights under this Clause the Facility
will be subject to review on at least an annual basis.

3.3                                 The Bank will always give notification of its
intention to place a restriction on your ability to make drawings on the
Facility.

3.4                                 You may at any time advise the Bank in writing
that the Facility is no longer required.

4              Interest

4.1                                 Interest will be charged as follows:-

(a)                                  for borrowing up to the Overdraft Limit, at a
rate which is equivalent to 1.5% per annum over the Bank’s Base Rate; and

(b)                                 for borrowing in excess of the Overdraft Limit,
at a rate which is equivalent to 3.5% per annum over the Bank’s Base Rate.

4.2                                 The Bank’s Base Rate may vary from time to time
but as at 15th February 2007 was 5.25% per annum.  Changes to the Bank’s Base Rate may be made
at any time and with immediate effect, such changes being advised by way of
press notice.  Omission to publish
details of any change shall not stop the change from taking effect.

4.3                                 Interest will be calculated both before and
after demand, decree or judgment on a daily basis on the cleared debit balance
and will be debited to the Facility Account quarterly on the final business day
of March, June, September and December (or such other dates as the Bank may
advise from time to time).

5              Costs

5.1                                 An arrangement fee of £2,500 is payable and
will be debited to the Facility Account following receipt by the Bank of your
acceptance of the terms and conditions of the Facility as set out in this
letter or following your first utilisation of the Facility, whichever is the
earlier.  You will also be responsible
for paying any costs incurred by the Bank in connection with the Facility
whether as a result of you breaking the terms of the Facility or not.  These costs will include (but not be limited
to) costs of taking and discharging any security; taking steps, including court
action, to obtain payment; enforcing and/or preserving the Bank’s rights under
any security held for the Facility; tracing you if you change address without
notice and communicating with you if you break the terms of the Facility.  If such costs remain unpaid then they may be
debited by the Bank to the Facility Account.

5.2                                 Further fees will be payable from time to time
in respect of the Bank reviewing the operation and ongoing availability of the
Facility and you will be advised by the Bank at least 14 days in advance of any
such fee being payable.

6              Security

6.1                                 The Facility will be secured by the following:-

(a)                                  new security required by the Bank for the
Facility as follows:-

(i)                                     a Debenture by you; and

(b)                                 all further available security which the Bank
may in future obtain.

6.2                                 All security will require to be granted in the
Bank’s preferred form.  The value of the
security will be reviewed regularly and, without prejudice to its overriding
right to call for repayment on demand, the Bank may seek additional security if
there is a significant drop in the value of the security held.

7              Financial
Information

7.1                                 To enable the Bank to monitor the Facility you
will provide:-

(a)                                  as soon as they become available but in any
event within 270 days after the end of your financial year, your audited financial
statements and the audited financial statements of any company which is or
becomes your subsidiary within the meaning of Section 736 of the Companies Act
1985 for that year;

(b)                                 as soon as they become available but in any
event within 42 days after the end of the financial period to which they relate
and in a format acceptable to the Bank, your quarterly management accounts
incorporating balance sheet, profit and loss account and aged list of debtors
(the “Management Accounts”);

(c)                                  promptly, all notices or other documents sent
by you to your shareholders and/or your creditors; and

(d)                                 promptly, such further information regarding
your financial condition and operations as the Bank may reasonably request.

7.2                                 All accounts and other financial information
provided to the Bank will be prepared consistently and in accordance with
generally accepted accounting standards.

8              Financial
Performance

8.1                                 The financial statements and Management
Accounts will require to demonstrate that on the last day of the period covered
by the relevant statements/accounts, Bank Indebtedness was not more than 50% of
Debtors failing which, without prejudice to the Bank’s overriding right to call
for repayment on demand, the Bank, after due notice, may amend, restrict or
withdraw the Facility.

8.2                                 For the purpose of this clause the following
definitions shall apply:-

“Bank Indebtedness” means, at any
relevant time, all the liabilities of Russ Berrie (U K) Limited to the Bank of
any kind (whether present or future, actual or contingent and whether incurred
alone or jointly with another).

“Debtors”
means the value of your trade debtors excluding, as determined by the Bank,
debtors in dispute or overdue or known to be doubtful and debtors domiciled
outwith the United Kingdom aged greater than 90 days.

9              Conditions

9.1                                 By your acceptance of the terms of this letter
you agree that you shall not, nor shall you permit any of your subsidiaries to,
pay or declare any dividends to any class of shareholder except where such
dividends are paid from Net Cash Flow failing which, without prejudice to the
Bank’s overriding right to call for repayment on demand, the Bank, after due
notice,  may amend, restrict or withdraw
the facility.

For the purposes of this Clause, “Net Cash
Flow” means in relation to any accounting period of Russ Berrie (U
K) Limited, the net cash flow of Russ Berrie (U K) Limited from operating
activities less the aggregate of (i) tax paid, (ii) interest paid on borrowings
from all sources and (iii) all capital expenditure.

10           Miscellaneous

10.1                           The Bank may debit the Facility Account in
accordance with the terms of Clauses 4 and 5 of this letter even if it results
in the Overdraft Limit being exceeded.

10.2                           These terms and conditions will not be affected
in any way by the Facility Account being allocated another account number by
the Bank or being transferred to another branch, office or department of the
Bank.

10.3                           The Bank’s agreement to the addition of
Facility Accounts to the Facility will be subject to these terms and conditions
being suitably amended to the Bank’s satisfaction.

10.4                           The Bank may change any of these terms and
conditions by giving at least 30 days’ written notice to you.

10.5                           RBS may act as agent for the Bank in connection
with the administration of the Facility.

Please indicate
your acceptance of the above terms and conditions by arranging for the
acknowledgement on the duplicate of this letter to be signed and returned to
me.

The Bank may, at
its option, treat any usage of the Facility as acceptance (without amendment)
of the terms and conditions of this letter.

Please do not
hesitate to contact me if you require clarification of any of the above terms
and conditions.

Yours faithfully

For and on behalf of RBS acting as agent for the Bank

Rodger Harris

Relationship Director

Having decided
that the proposed Facility is appropriate and in the interests of Russ Berrie
(U K) Limited, the Facility is hereby accepted on the above terms and
conditions.

Signed for and on
behalf of Russ Berrie (U K) Limited in accordance with the authority held by
the Bank

	
  

  	
   

  	
   

  	
   

  	
   

  
	
  Signature(s)

  	
      Chris Robinson

  	
   

  	
  Date(s) of Signature(s)

  	
      March 19, 2007

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
      Trevor Rowcliffe

  	
   

  	
   

  	
      March 19, 2007

  

 

GUIDANCE
NOTES

	
  Your
  ref: David Allen

  	
  15 February 2007

  

 

CUSTOMER:
Russ Berrie (U K) Limited

OVERDRAFT FACILITY for £1,500,000

We enclose the
required Facility Letter for the above Overdraft facility duly amended as
discussed. Please update the RMP Core Bank Covenants screen to reflect the
terms of the updated monitoring formula.

Please also
arrange for the Contingent Obligation amount on RMP to be reduced to £150,000
(to reflect the reducing bonding amount referred to in the amended
documentation forwarded to you on 29 January.

As requested, we
have taken no action in respect of the FX line /DSL line referred to in your
first resubmission. If action is required and the limits are to be marked at
£300,000 please arrange for the limits to be changed on rmp by a GP report to
Credit as at present we would only be able to mark the full limits (£1,750,000
and £1,500,000). Whilst the Credit paper states that Credit would be happy to
allow the £300,000 limit unsecured for 2 months, it makes no reference to KYC —
has this been competed yet?

If you require any
assistance regarding the content of the Facility Letter please do not hesitate
to contact us.

Contact
Details

Mark Perry

Credit Documentation

Direct Dial: 020 7427 8071

Facsimile: 020 7427 8872

Please
quote our reference 71718v5/CCD/MP/NWSOCO when replyingExhibit 10.2
 

CREDIT AGREEMENT

 

dated as of

February 13, 2007,

among

INVESTOOLS INC.,

as Borrower,

The Lenders Party
Hereto

and

JPMORGAN CHASE
BANK, N.A.,

as Administrative Agent

J.P. MORGAN SECURITIES
INC.

as Sole Lead Arranger and Sole Bookrunner

LASALLE BANK
NATIONAL ASSOCIATION

as Syndication Agent

WELLS FARGO BANK,
N.A.

as Documentation Agent

 

   
 

TABLE OF CONTENTS

ARTICLE I

Definitions

	
  SECTION 1.01.

  	
   

  	
  Defined Terms

  	
   

  	
  1

  	
   

  
	
  SECTION 1.02.

  	
   

  	
  Classification of Loans
  and Borrowings

  	
   

  	
  27

  	
   

  
	
  SECTION 1.03.

  	
   

  	
  Terms Generally

  	
   

  	
  27

  	
   

  
	
  SECTION 1.04.

  	
   

  	
  Accounting Terms; GAAP

  	
   

  	
  28

  	
   

  

ARTICLE II

The Credits

	
  SECTION 2.01.

  	
   

  	
  Commitments

  	
   

  	
  28

  	
   

  
	
  SECTION 2.02.

  	
   

  	
  Loans and Borrowings

  	
   

  	
  29

  	
   

  
	
  SECTION 2.03.

  	
   

  	
  Requests for Borrowings

  	
   

  	
  29

  	
   

  
	
  SECTION 2.04.

  	
   

  	
  Swingline Loans

  	
   

  	
  30

  	
   

  
	
  SECTION 2.05.

  	
   

  	
  Letters of Credit

  	
   

  	
  31

  	
   

  
	
  SECTION 2.06.

  	
   

  	
  Funding of Borrowings

  	
   

  	
  36

  	
   

  
	
  SECTION 2.07.

  	
   

  	
  Interest Elections

  	
   

  	
  36

  	
   

  
	
  SECTION 2.08.

  	
   

  	
  Termination and
  Reduction of Commitments; Increase of Commitments

  	
   

  	
  37

  	
   

  
	
  SECTION 2.09.

  	
   

  	
  Repayment of Loans;
  Evidence of Debt

  	
   

  	
  39

  	
   

  
	
  SECTION 2.10.

  	
   

  	
  Amortization of Term
  Loans

  	
   

  	
  40

  	
   

  
	
  SECTION 2.11.

  	
   

  	
  Prepayment of Loans

  	
   

  	
  42

  	
   

  
	
  SECTION 2.12.

  	
   

  	
  Fees

  	
   

  	
  44

  	
   

  
	
  SECTION 2.13.

  	
   

  	
  Interest

  	
   

  	
  45

  	
   

  
	
  SECTION 2.14.

  	
   

  	
  Alternate Rate of
  Interest

  	
   

  	
  46

  	
   

  
	
  SECTION 2.15.

  	
   

  	
  Increased Costs

  	
   

  	
  46

  	
   

  
	
  SECTION 2.16.

  	
   

  	
  Break Funding Payments

  	
   

  	
  47

  	
   

  
	
  SECTION 2.17.

  	
   

  	
  Taxes

  	
   

  	
  48

  	
   

  
	
  SECTION 2.18.

  	
   

  	
  Payments Generally; Pro
  Rata Treatment; Sharing of Set-offs

  	
   

  	
  49

  	
   

  
	
  SECTION 2.19.

  	
   

  	
  Mitigation Obligations; Replacement of Lenders

  	
   

  	
  51

  	
   

  

ARTICLE III

Representations and
Warranties

	
  SECTION 3.01.

  	
   

  	
  Organization; Powers

  	
   

  	
  52

  	
   

  
	
  SECTION 3.02.

  	
   

  	
  Authorization;
  Enforceability

  	
   

  	
  52

  	
   

  
	
  SECTION 3.03.

  	
   

  	
  Governmental Approvals;
  No Conflicts

  	
   

  	
  53

  	
   

  
	
  SECTION 3.04.

  	
   

  	
  Financial Condition; No
  Material Adverse Effects

  	
   

  	
  53

  	
   

  
	
  SECTION 3.05.

  	
   

  	
  Properties;
  Intellectual Property; Liens

  	
   

  	
  54

  	
   

  
	
  SECTION 3.06.

  	
   

  	
  Litigation and
  Environmental Matters

  	
   

  	
  54

  	
   

  

 

 i
 

 

	
  SECTION 3.07.

  	
   

  	
  Compliance with Laws
  and Agreements

  	
   

  	
  55

  	
   

  
	
  SECTION 3.08.

  	
   

  	
  Investment Company
  Status

  	
   

  	
  55

  	
   

  
	
  SECTION 3.09.

  	
   

  	
  Taxes

  	
   

  	
  55

  	
   

  
	
  SECTION 3.10.

  	
   

  	
  ERISA

  	
   

  	
  55

  	
   

  
	
  SECTION 3.11.

  	
   

  	
  Disclosure

  	
   

  	
  56

  	
   

  
	
  SECTION 3.12.

  	
   

  	
  Subsidiaries

  	
   

  	
  56

  	
   

  
	
  SECTION 3.13.

  	
   

  	
  Insurance

  	
   

  	
  56

  	
   

  
	
  SECTION 3.14.

  	
   

  	
  Labor Matters

  	
   

  	
  56

  	
   

  
	
  SECTION 3.15.

  	
   

  	
  Solvency

  	
   

  	
  57

  	
   

  
	
  SECTION 3.16.

  	
   

  	
  Security Documents

  	
   

  	
  57

  	
   

  
	
  SECTION 3.17.

  	
   

  	
  Margin Regulations

  	
   

  	
  58

  	
   

  
	
  SECTION 3.18.

  	
   

  	
  Regulatory Status; Memberships Held

  	
   

  	
  58

  	
   

  

ARTICLE IV

Conditions

	
  SECTION 4.01.

  	
   

  	
  Effective Date

  	
   

  	
  59

  	
   

  
	
  SECTION 4.02.

  	
   

  	
  Each Credit Event

  	
   

  	
  61

  	
   

  

ARTICLE V

Affirmative Covenants

	
  SECTION 5.01.

  	
   

  	
  Financial Statements
  and Other Information

  	
   

  	
  62

  	
   

  
	
  SECTION 5.02.

  	
   

  	
  Notices of Material
  Events

  	
   

  	
  64

  	
   

  
	
  SECTION 5.03.

  	
   

  	
  Information Regarding
  Collateral

  	
   

  	
  65

  	
   

  
	
  SECTION 5.04.

  	
   

  	
  Existence; Conduct of
  Business

  	
   

  	
  65

  	
   

  
	
  SECTION 5.05.

  	
   

  	
  Payment of Obligations

  	
   

  	
  65

  	
   

  
	
  SECTION 5.06.

  	
   

  	
  Maintenance of
  Properties

  	
   

  	
  66

  	
   

  
	
  SECTION 5.07.

  	
   

  	
  Insurance

  	
   

  	
  66

  	
   

  
	
  SECTION 5.08.

  	
   

  	
  Casualty and
  Condemnation

  	
   

  	
  66

  	
   

  
	
  SECTION 5.09.

  	
   

  	
  Books and Records;
  Inspection and Audit Rights

  	
   

  	
  66

  	
   

  
	
  SECTION 5.10.

  	
   

  	
  Compliance with Laws

  	
   

  	
  66

  	
   

  
	
  SECTION 5.11.

  	
   

  	
  Use of Proceeds and
  Letters of Credit

  	
   

  	
  67

  	
   

  
	
  SECTION 5.12.

  	
   

  	
  Additional Subsidiaries

  	
   

  	
  67

  	
   

  
	
  SECTION 5.13.

  	
   

  	
  Further Assurances

  	
   

  	
  67

  	
   

  
	
  SECTION 5.14.

  	
   

  	
  Interest Rate
  Protection

  	
   

  	
  67

  	
   

  
	
  SECTION 5.15.

  	
   

  	
  Annual Renewal of Rating

  	
   

  	
  68

  	
   

  

ARTICLE VI

Negative Covenants

	
  SECTION 6.01.

  	
   

  	
  Indebtedness; Certain
  Equity Securities

  	
   

  	
  68

  	
   

  
	
  SECTION 6.02.

  	
   

  	
  Liens

  	
   

  	
  70

  	
   

  
	
  SECTION 6.03.

  	
   

  	
  Fundamental Changes;
  Lines of Business

  	
   

  	
  71

  	
   

  

 

 ii
 

 

	
  SECTION 6.04.

  	
   

  	
  Investments, Loans,
  Advances, Guarantees and Acquisitions

  	
   

  	
  71

  	
   

  
	
  SECTION 6.05.

  	
   

  	
  Asset Sales

  	
   

  	
  73

  	
   

  
	
  SECTION 6.06.

  	
   

  	
  Sale and Leaseback
  Transactions

  	
   

  	
  74

  	
   

  
	
  SECTION 6.07.

  	
   

  	
  Hedging Agreements

  	
   

  	
  74

  	
   

  
	
  SECTION 6.08.

  	
   

  	
  Restricted Payments; Certain Payments of Indebtedness

  	
   

  	
  74

  	
   

  
	
  SECTION 6.09.

  	
   

  	
  Transactions with
  Affiliates

  	
   

  	
  75

  	
   

  
	
  SECTION 6.10.

  	
   

  	
  Restrictive Agreements

  	
   

  	
  76

  	
   

  
	
  SECTION 6.11.

  	
   

  	
  Amendment of Material
  Documents

  	
   

  	
  76

  	
   

  
	
  SECTION 6.12.

  	
   

  	
  Fixed Charge Coverage
  Ratio

  	
   

  	
  76

  	
   

  
	
  SECTION 6.13.

  	
   

  	
  Leverage Ratio

  	
   

  	
  77

  	
   

  
	
  SECTION 6.14.

  	
   

  	
  Quarterly Subscription
  Revenue

  	
   

  	
  77

  	
   

  
	
  SECTION 6.15.

  	
   

  	
  Changes in Fiscal Periods

  	
   

  	
  77

  	
   

  

ARTICLE VII

Events of Default

	
  SECTION 7.01.

  	
   

  	
  Events of Default

  	
   

  	
  77

  	
   

  

ARTICLE VIII

The Administrative Agent

ARTICLE IX

Miscellaneous

	
  SECTION 9.01.

  	
   

  	
  Notices

  	
   

  	
  83

  	
   

  
	
  SECTION 9.02.

  	
   

  	
  Waivers; Amendments

  	
   

  	
  83

  	
   

  
	
  SECTION 9.03.

  	
   

  	
  Expenses; Indemnity;
  Damage Waiver

  	
   

  	
  85

  	
   

  
	
  SECTION 9.04.

  	
   

  	
  Successors and Assigns

  	
   

  	
  86

  	
   

  
	
  SECTION 9.05.

  	
   

  	
  Survival

  	
   

  	
  90

  	
   

  
	
  SECTION 9.06.

  	
   

  	
  Counterparts;
  Integration; Effectiveness

  	
   

  	
  90

  	
   

  
	
  SECTION 9.07.

  	
   

  	
  Severability

  	
   

  	
  91

  	
   

  
	
  SECTION 9.08.

  	
   

  	
  Right of Setoff

  	
   

  	
  91

  	
   

  
	
  SECTION 9.09.

  	
   

  	
  Governing Law;
  Jurisdiction; Consent to Service of Process

  	
   

  	
  91

  	
   

  
	
  SECTION 9.10.

  	
   

  	
  WAIVER OF JURY TRIAL

  	
   

  	
  92

  	
   

  
	
  SECTION 9.11.

  	
   

  	
  Headings

  	
   

  	
  92

  	
   

  
	
  SECTION 9.12.

  	
   

  	
  Confidentiality

  	
   

  	
  92

  	
   

  
	
  SECTION 9.13.

  	
   

  	
  No Fiduciary
  Relationship

  	
   

  	
  93

  	
   

  
	
  SECTION 9.14.

  	
   

  	
  USA Patriot Act

  	
   

  	
  93

  	
   

  
	
  SECTION 9.15.

  	
   

  	
  Termination or Release

  	
   

  	
  94

  	
   

  

 

 iii
 

SCHEDULES:

Schedule 2.01 — Commitments

Schedule 3.05 — Real Property

Schedule 3.06 — Disclosed Matters

Schedule 3.12 — Subsidiaries

Schedule 3.13 — Insurance

Schedule 3.18 — Regulatory Status; Memberships Held

Schedule 6.01 — Existing Indebtedness

Schedule 6.02 — Existing Liens

Schedule 6.04 — Existing Investments; Permitted Acquisition

Schedule 6.05 — Permitted Disposition

Schedule 6.10 — Existing Restrictions

Schedule 6.14 — Quarterly Subscription Revenue

EXHIBITS:

Exhibit A — Form of Assignment and Assumption

Exhibit B-1 — Form of Opinion of Simpson Thacher & Bartlett LLP

Exhibit B-2 — Form of Opinion of California Counsel

Exhibit B-3 — Form of Opinion of Utah Counsel

Exhibit B-4 — Form of Opinion of Nevada Counsel

Exhibit C — Form of Collateral Agreement

Exhibit D — Form of Borrowing Request

 iv

CREDIT AGREEMENT dated as of February 13, 2007 (this “Agreement”),
among INVESTOOLS INC., a Delaware corporation, as Borrower; the LENDERS from
time to time party hereto; and JPMORGAN CHASE BANK, N.A., as Administrative
Agent.

Pursuant to the Agreement and Plan of Merger dated as
of September 18, 2006, and related definitive documentation (collectively, as
amended or supplemented, the “Acquisition Agreement”), among the
Borrower (such term and each other capitalized term used but not otherwise
defined in this preamble having the meaning specified in Article I), Atomic
Acquisition Corp. (“Merger Sub”), a Delaware corporation and a direct
wholly owned subsidiary of the Borrower, and thinkorswim Group, Inc., a
Delaware corporation (together with its subsidiaries, the “Acquired Company”),
Merger Sub will be merged with and into the Acquired Company (the “Acquisition”),
with the Acquired Company surviving as a wholly owned subsidiary of the
Borrower.  In connection with the
Acquisition, existing shareholders of the Acquired Company will receive
aggregate consideration of $469,753,716 (the “Merger Consideration”),
consisting of (a) 19,104,762 shares of common stock of the Borrower (the “Equity
Consideration”) and (b) cash in the amount of $170,000,000 (the “Cash
Consideration”).  In connection with
the foregoing transactions, the Borrower has requested that the Lenders extend
credit in the form of (a)(i) senior secured Tranche A Term Loans in an
aggregate principal amount not in excess of $50,000,000 and (ii) senior secured
Tranche B Term Loans in an aggregate principal amount not in excess of
$75,000,000 and (b) senior secured Revolving Loans in an aggregate principal
amount at any time outstanding not in excess of $25,000,000 less the LC
Exposure at such time.  The Borrower has
also requested the Issuing Bank to issue Letters of Credit in an aggregate face
amount at any time outstanding not to exceed $5,000,000 and has requested the
Swingline Lender to extend credit in the form of Swingline Loans in an
aggregate principal amount at any time outstanding not to exceed
$5,000,000.  The proceeds of the Term
Loans, together with cash of the Borrower, will be used by the Borrower to pay
the Cash Consideration and fees and expenses incurred in connection with the
Transactions.  The proceeds of the
Revolving Loans and Swingline Loans will be used by the Borrower for general
corporate purposes, including Qualifying Acquisitions.  The Letters of Credit will be used by the
Borrower for general corporate purposes.

The Lenders and the Swingline Lender are willing to
extend such credit to the Borrower and the Issuing Bank is willing to issue
Letters of Credit for the account of the Borrower on the terms and subject to
the conditions set forth herein. 
Accordingly, the parties hereto agree as follows:

ARTICLE I

Definitions

SECTION 1.01.  Defined
Terms.  As used in this Agreement,
the following terms have the meanings specified below:

 1
 

“ABR”, when used in reference to any Loan or
Borrowing, refers to whether such Loan, or the Loans comprising such Borrowing,
are bearing interest at a rate determined by reference to the Alternate Base
Rate.

“Acquired Company” has the meaning specified in
the preamble hereto.

“Acquisition” has the meaning specified in the
preamble hereto.

“Acquisition Agreement” has the meaning
specified in the preamble hereto.

“Adjusted LIBO Rate” means, with respect to any
Eurodollar Borrowing for any Interest Period, an interest rate per annum equal
to (a) the LIBO Rate for such Interest Period multiplied by (b) the Statutory
Reserve Rate.

“Administrative Agent” means JPMorgan Chase
Bank, N.A., in its capacity as administrative agent for the Lenders hereunder,
and its successors in such capacity as provided in Article VIII.

“Administrative Questionnaire” means an
administrative questionnaire supplied by the Administrative Agent.

“Affiliate” means, with respect to a specified
Person, another Person that directly, or indirectly through one or more
intermediaries, Controls or is Controlled by or is under common Control with the
Person specified, provided, however, that solely for purposes of
Section 6.09, the term “Affiliate” shall also include any person that
directly or indirectly through one or more intermediaries, owns 5% or more of
any class of Equity Interests of the Person specified or that is an officer or
director of the Person specified.

“Agreement” has the meaning specified in the
preamble hereto.

“Alternate Base Rate” means, for any day, a
rate per annum equal to the greater of (a) the Prime Rate in effect on such day
and (b) the Federal Funds Effective Rate in effect on such day plus 1⁄2 of
1%.  Any change in the Alternate Base
Rate due to a change in the Prime Rate or the Federal Funds Effective Rate
shall be effective from and including the effective date of such change in the
Prime Rate or the Federal Funds Effective Rate, respectively.

“Applicable Percentage” means, at any time,
with respect to any Revolving Lender, the percentage of the aggregate Revolving
Commitments represented by such Lender’s Revolving Commitment at such
time.  If the Revolving Commitments have
terminated or expired, the Applicable Percentages shall be determined based
upon the Revolving Commitments most recently in effect, giving effect to any
assignments of Revolving Loans, LC Exposures and Swingline Exposures that occur
after such termination or expiration.

“Applicable Rate” means, for any day, (a) with
respect to any Tranche B Term Loan, (i) 2.25% per annum in the case of an ABR
Loan and 3.25% per annum in 

 2
 

the case of a Eurodollar
Loan, and (b) with respect to any ABR Loan or Eurodollar Loan that is a Tranche
A Term Loan or a Revolving Loan or with respect to the commitment fees payable
hereunder, as the case may be, the applicable rate per annum set forth below
under the caption “ABR Spread”, “Adjusted LIBO Spread” or “Commitment Fee”, as
the case may be, based upon the Leverage Ratio as of the most recent
determination date; provided that until the delivery pursuant to Section
5.01(a) or (b) of financial statements covering a period of two full fiscal
quarters after the Effective Date the “Applicable Rate” for purposes of clause
(b) shall be the applicable rate per annum set forth below in Category 1:

	
  Leverage Ratio

  	
   

  	
  ABR Spread

  	
   

  	
  Adjusted LIBO Spread

  	
   

  	
  Commitment Fee

  	
   

  
	
  Category 1 >
  2.00 to 1.00

  	
   

  	
  1.250

  	
  %

  	
  2.250

  	
  %

  	
  0.375

  	
  %

  
	
  Category 2 >
  1.50 to 1.00 but £ 2.00 to 1.00

  	
   

  	
  1.000

  	
  %

  	
  2.000

  	
  %

  	
  0.300

  	
  %

  
	
  Category 3 >
  1.00 to 1.00 but £ 1.50 to 1.000

  	
   

  	
  0.750

  	
  %

  	
  1.750

  	
  %

  	
  0.250

  	
  %

  
	
  Category 4 £
  1.00 to 1.00

  	
   

  	
  0.500

  	
  %

  	
  1.500

  	
  %

  	
  0.200

  	
  %

  

 

For purposes of the foregoing, (i) the Leverage Ratio
shall be determined as of the end of each fiscal quarter of the Borrower
following the delivery of the Borrower’s consolidated financial statements for
such fiscal quarter pursuant to Section 5.01(a) or (b) and (ii) each change in
the Applicable Rate resulting from a change in the Leverage Ratio shall be
effective during the period commencing on and including the date of delivery to
the Administrative Agent of such consolidated financial statements indicating
such change and ending on the date immediately preceding the effective date of
the next such change; provided that the Leverage Ratio shall be deemed
to be in Category 1 (A) at any time that an Event of Default has occurred and
is continuing or (B) at the option of the Administrative Agent or at the
request of the Required Lenders, if the Borrower fails to deliver the
consolidated financial statements required to be delivered by it pursuant to
Section 5.01(a) or (b), during the period from the day by which such statements
are permitted to be delivered under Section 5.01(a) or (b), as the case may be,
until such consolidated financial statements are delivered.  In the event that any financial statement or
certificate delivered pursuant to Section 5.01 shall prove to have been inaccurate
(regardless of whether the Commitments are in effect or any Loans or Letters of
Credit are outstanding when such inaccuracy is discovered), and such inaccuracy
shall have resulted in the payment of any interest or fees at rates lower than
those that were in fact applicable for any period (based on the Borrower’s
actual Leverage Ratio), then the Borrower shall promptly deliver to the
Administrative Agent a corrected financial statement or certificate, as the
case may be, and pay to the Administrative Agent, for 

 3
 

distribution to the
Lenders (or former Lenders) as their interests may appear, the accrued interest
or fees that should have been paid but were not paid as a result of the
inaccuracy of such financial statement or certificate (it being understood that
nothing in this sentence shall limit the rights of the Agent or the Lenders
under Section 2.13(c) or Article VII.

“Approved Fund” has the meaning specified in
Section 9.04(b).

“Arranger” means J.P. Morgan Securities Inc.

“Assignment and Assumption” means an assignment
and assumption entered into by a Lender and an assignee (with the consent of
any party whose consent is required by Section 9.04), and accepted by the
Administrative Agent, in the form of Exhibit A or any other form approved by
the Administrative Agent.

“Augmenting Lender” has the meaning specified
in Section 2.08.

“Board” means the Board of Governors of the
Federal Reserve System of the United States of America.

“Borrower” means INVESTools Inc., a Delaware
corporation.

“Borrowing” means (a) Loans of the same Class
and Type, made, converted or continued on the same date and, in the case of
Eurodollar Loans, as to which a single Interest Period is in effect, or (b) a
Swingline Loan.

“Borrowing Request” means a request by the
Borrower for a Borrowing in accordance with Section 2.03 in the form of Exhibit
D or in another form acceptable to the Administrative Agent.

“Broker-Dealer Subsidiary” means any Subsidiary
that is registered as a broker-dealer under the Securities Exchange Act of 1934
or any other Requirement of Law requiring such registration.  The Broker-Dealer Subsidiaries on the date
hereof are identified as such on Schedule 3.12.

“Business Day” means any day that is not a
Saturday, Sunday or other day on which commercial banks in New York City are
authorized or required by law to remain closed; provided that, when used
in connection with a Eurodollar Loan, the term “Business Day” shall also
exclude any day on which banks are not open for dealings in dollar deposits in
the London interbank market.

“Capital Expenditures” means, for any period,
(a) the additions to property, plant and equipment and other capital
expenditures of the Borrower and the Subsidiaries that are (or should be) set
forth in a consolidated statement of cash flows of the Borrower for such period
prepared in accordance with GAAP and (b) Capital Lease Obligations incurred by
the Borrower and the Subsidiaries during such period.

“Capital Lease Obligations” of any Person means
the obligations of such Person to pay rent or other amounts under any lease of
(or other arrangement conveying 

 4
 

the right to use) real or
personal property, or a combination thereof, which obligations are required to
be classified and accounted for as capital leases on a balance sheet of such
Person under GAAP, and the amount of such obligations shall be the capitalized
amount thereof determined in accordance with GAAP.

“Cash Consideration” has the meaning specified
in the preamble hereto.

“Cash Management Arrangements” means treasury,
depositary and cash management services or any automated clearing house
transfer of funds.

“Cash Management Obligations” means the due and
punctual payment and performance of all obligations of any Loan Party in
respect of any overdraft or other liability that (a) arises under Cash
Management Arrangements in effect on the Effective Date with a counterparty
that is (i) a Lender as of the Effective Date or (ii) an Affiliate of such
Lender or (b) arises under Cash Management Arrangements entered into after the
Effective Date with a counterparty that is (i) a Lender as of the date on which
such Cash Management Arrangements are entered into or (ii) an Affiliate of such
Lender.

“Change in Control” means an event or series of
events by which:

(a)  any “person” or “group” (as such terms are
used in Sections 13(d) and 14(d) of the Securities Exchange Act of 1934, as
amended, but excluding any employee benefit plan of such person or its
subsidiaries, and any person or entity acting in its capacity as trustee, agent
or other fiduciary or administrator of any such plan) becomes the “beneficial
owner” (as defined in Rules 13d-3 and 13d-5 under the Securities Exchange Act
of 1934, as amended, except that a person or group shall be deemed to have “beneficial
ownership” of all securities that such person or group has the right to acquire
(such right, an “option right”), whether such right is exercisable
immediately or only after the passage of time), directly or indirectly, of 35%
or more of the Equity Interests in the Borrower entitled to vote for members of
the board of directors or equivalent governing body of the Borrower on a
fully-diluted basis (and taking into account all such securities that such
person or group has the right to acquire pursuant to any option right); or

(b)  during any period of 12 consecutive months, a
majority of the members of the board of directors or other equivalent governing
body of the Borrower ceases to be composed of individuals (i) who were members
of that board or equivalent governing body on the first day of such period,
(ii) whose election or nomination to that board or equivalent governing body
was approved by individuals referred to in clause (i) above constituting at the
time of such election or nomination at least a majority of that board or
equivalent governing body or (iii) whose election or nomination to that board
or other equivalent governing body was approved by individuals referred to in
clauses (i) and (ii) above constituting at the time of such election or
nomination at least a majority of that board or equivalent governing body
(excluding, in the case of both clause (ii) and clause (iii), any individual
whose initial nomination for, or assumption of office as, a member of that
board or equivalent governing body occurs as a result 

 5
 

of an actual or threatened solicitation of
proxies or consents for the election or removal of one or more directors by any
person or group other than a solicitation for the election of one or more
directors by or on behalf of the board of directors).

“Change in Law” means (a) the adoption or
effectiveness of any law, rule or regulation, order, guideline or request or
any change therein by any Governmental Authority after the Closing Date, (b)
any change adopted or effective in the interpretation, administration or application
of any law, rule or regulation, order, guideline or request or any change
therein by any Governmental Authority after the Closing Date or (c) compliance
by any Lender or the Issuing Bank (or, for purposes of Section 2.15(b), by any
lending office of such Lender or by such Lender’s or the Issuing Bank’s holding
company, if any) with any request, guideline or directive (whether or not
having the force of law) of any Governmental Authority made or issued after the
Closing Date.

“Class”, when used in reference to any Loan or
Borrowing, refers to whether such Loan, or the Loans comprising such Borrowing,
are Revolving Loans, Tranche A Term Loans, Tranche B Term Loans or Swingline
Loans and, when used in reference to any Commitment, refers to whether such
Commitment is a Revolving Commitment, a Tranche A Commitment, a Tranche B
Commitment or a Swingline Commitment.  “Class”,
when used in reference to any Lender, refers to whether such Lender has a Loan
or Commitment with respect to a particular Class.

“Closing Date” means the date of this
Agreement.

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

“Collateral” means any and all “Collateral” as
defined in, and any other assets subject to Liens created by, any Security
Document, including the Mortgaged Properties.

“Collateral Agent” means JPMorgan Chase Bank,
N.A., in its capacity as collateral agent for the Secured Parties.

“Collateral Agreement” means the Guarantee and
Collateral Agreement among the Borrower, the Subsidiary Loan Parties and the
Administrative Agent, substantially in the form of Exhibit C, together
with any supplements thereto delivered in accordance with the terms of such
Agreement.

“Collateral and Guarantee Requirement” means,
at any time, the requirement that:

(a)  the Administrative Agent shall have received
from each Loan Party either (i) a counterpart of the Collateral Agreement duly
executed and delivered on behalf of such Loan Party or (ii) in the case of any
Person that becomes a Loan 

 6
 

Party after
the Effective Date, a supplement to the Collateral Agreement, in the form
specified therein, duly executed and delivered on behalf of such Loan Party;

(b)  all outstanding Equity Interests in each
Subsidiary or other Person owned by or on behalf of any Loan Party (including
Equity Interests in any Excluded Subsidiary (other than any Immaterial
Subsidiary)) shall have been pledged pursuant to the Collateral Agreement and
the Collateral Agent shall have received certificates or other instruments
representing all such Equity Interests (to the extent certificated), together
with undated stock powers or other instruments of transfer with respect thereto
endorsed in blank; provided, that in the case of Equity Interests in any
Foreign Subsidiary, such pledge shall be limited to 100% of the non-voting
Equity Interests and 65% of the voting Equity Interests of such Foreign
Subsidiary;

(c)  all Indebtedness of the Borrower and each
Subsidiary that is owing to any Loan Party shall be evidenced by a promissory
note and shall have been pledged pursuant to the Collateral Agreement and the
Collateral Agent shall have received all such promissory notes, together with
undated instruments of transfer with respect thereto endorsed in blank;

(d)  the Administrative Agent shall have received
from each applicable Loan Party and each applicable depository bank or
securities intermediary, an executed counterpart of a Deposit Account Control
Agreement or a Securities Account Control Agreement, as applicable, in respect
of each deposit account and securities account of any Loan Party that is
required to be subject to an account control agreement by Sections 4.04(b) and
(c) of the Collateral Agreement; and

(e)  all documents and instruments, including
Uniform Commercial Code financing statements, required by law or reasonably
requested by the Administrative Agent to be filed, registered or recorded to
create the Liens intended to be created by the Collateral Agreement and perfect
such Liens to the extent required by, and with the priority required by, the
Collateral Agreement, shall have been filed, registered or recorded or
delivered to the Administrative Agent for filing, registration or recording;

(f)  the Administrative Agent shall have received
(i) counterparts of a Mortgage with respect to each Mortgaged Property duly
executed and delivered by the record owner of such Mortgaged Property, (ii) a
policy or policies of title insurance issued by a nationally recognized title
insurance company insuring the Lien of each such Mortgage as a valid first Lien
on the Mortgaged Property described therein, free of any other Liens except as
expressly permitted by Section 6.02, together with such endorsements,
coinsurance and reinsurance as the Administrative Agent or the Required Lenders
may reasonably request, and (iii) such surveys, abstracts, appraisals, legal
opinions and other documents as the Administrative Agent or the Required
Lenders may reasonably request with respect to any such Mortgage or Mortgaged
Property; and

 7
 

(g)  each Loan Party shall have obtained all
consents and approvals required to be obtained by it in connection with the
execution and delivery of all Security Documents to which it is a party, the
performance of its obligations thereunder and the granting by it of the Liens
thereunder.

The foregoing definition shall not require the
creation or perfection of pledges of or security interests in, or the obtaining
of title insurance, surveys or legal opinions with respect to, particular
assets if and for so long as, in the judgment of the Collateral Agent, the cost
of creating or perfecting such pledges or security interests in such assets or
obtaining title insurance, surveys or legal opinions in respect of such assets
would be excessive in view of the benefits to be obtained by the Lenders therefrom.  The Collateral Agent may grant extensions of
time for the perfection of security interests in or the obtaining of title
insurance, surveys or legal opinions with respect to particular assets where it
determines that such perfection or the delivery of such title insurance,
surveys or legal opinions cannot be accomplished without undue effort or
expense by the time or times at which they would otherwise be required by this
Agreement or the Security Documents.

“Commitment” means (a) with respect to any
Lender, such Lender’s Revolving Commitment, Tranche A Commitment or Tranche B
Commitment, or any combination thereof (as the context requires), and (b) with
respect to the Swingline Lender, its Swingline Commitment.

“Commitment Increase” has the meaning specified
in Section 2.08.

“Company Material Adverse Effect” has the
meaning specified in the Acquisition Agreement.

“Consolidated Adjusted EBITDA” means, for any
period, Consolidated Net Income for such period plus (a) the following
to the extent deducted in calculating such Consolidated Net Income, the sum of
(i) Consolidated Interest Charges for such period plus (ii) the
provision for Federal, state, local and foreign income taxes payable by the
Borrower and the Subsidiaries for such period plus (iii) depreciation
and amortization expense plus (iv) other non-recurring expenses of the
Borrower and the Subsidiaries reducing such Consolidated Net Income which do
not represent a cash item in such period or any future period plus (or minus)
(vi) an amount equal to 80% of the amount by which Deferred Revenue at the end
of such period shall exceed (or be less than) Deferred Revenue on the day
immediately preceding the beginning of such period minus (b) to the
extent included in determining such Consolidated Net Income, all non-cash items
increasing Consolidated Net Income for such period, all determined on a
consolidated basis in accordance with GAAP.

“Consolidated Fixed Charges” means, for any
period, the sum of (a) the cash interest expense paid by the Borrower and the
Subsidiaries during such period to any Person (other than to a Loan Party), (b)
the cash dividends or other distributions paid or made by the Borrower and the
Subsidiaries during such period to any Person (other than to a Loan Party), (c)
the amount of scheduled amortization of Indebtedness paid by the 

 8
 

Borrower and the
Subsidiaries during such period to any Person (other than to a Loan Party) and
(d) the amount used during such period to fund repurchases of Equity Interests
in the Borrower or the Subsidiaries (other than from a Loan Party); provided
that Consolidated Fixed Charges for any period shall not include any amounts
used to fund repurchases of Equity Interests in the Borrower or the
Subsidiaries consummated prior to the Closing Date.

“Consolidated Interest Charges” means, for any
period, the sum of (a) all interest, premium payments, debt discount, fees,
charges and related expenses of the Borrower and the Subsidiaries for such
period in connection with borrowed money or in connection with the deferred
purchase price of assets, in each case to the extent treated as interest in
accordance with GAAP, plus (b) the portion of rent expense of the
Borrower and the Subsidiaries for such period under capital leases that is
treated as interest in accordance with GAAP, all determined on a consolidated
basis in accordance with GAAP.

“Consolidated Net Income” means, for any
period, the net income or loss (excluding extraordinary gains but including
extraordinary losses) of the Borrower and the Subsidiaries for such period
determined on a consolidated basis in accordance with GAAP; provided
that there shall be excluded the income of any Person in which any other Person
(other than the Borrower or any Subsidiary or any director holding qualifying
shares in compliance with applicable law) owns an Equity Interest, except to
the extent of the amount of dividends or other distributions actually paid to
the Borrower or any of the Subsidiaries during such period.

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

“Credit Event” means any Borrowing or the
issuance of any Letter of Credit.

“Default” means any event or condition which
constitutes an Event of Default or which upon notice, lapse of time or both
would become an Event of Default.

“Deferred Revenue” means, for any period, the
amounts included in the liability accounts of the Borrower and the Subsidiaries
representing receipts of cash from customers in advance of the delivery of
goods or the rendering of services that will permit such cash to be recognized
as revenue, determined on a consolidated basis in accordance with GAAP.

“Deposit Account Control Agreement” means a
deposit account control agreement, in form and substance reasonably
satisfactory to the Administrative Agent and the Borrower, designating the
Collateral Agent as secured party.

 9
 

“Disclosed Matters” means the actions, suits
and proceedings and the environmental matters disclosed in Schedule 3.06.

“dollars” or “$” refers to lawful money
of the United States of America.

“Domestic Subsidiary” means any Subsidiary that
is organized under the laws of the United States of America or any State
thereof or the District of Columbia.

“Effective Date” means the first date on which
the conditions specified in Section 4.01 are satisfied (or waived in accordance
with Section 9.02).

“Environmental Laws” means all laws, rules,
regulations, codes, ordinances, orders, decrees, judgments, injunctions,
notices or binding agreements issued, promulgated or entered into by or with
any Governmental Authority, relating in any way to the environment, the
preservation or reclamation of natural resources, the generation, management,
release or threatened release of any Hazardous Material or to health and safety
matters.

“Environmental Liability” means any liability,
contingent or otherwise (including any liability for damages, costs of medical
monitoring, costs of environmental remediation, or restoration, administrative
oversight costs, consultants’ fees, fines, penalties or indemnities), of the
Borrower or any Subsidiary directly or indirectly resulting from or based upon
(a) violation of any Environmental Law or permit, license or approval issued
thereunder, (b) the generation, use, handling, transportation, storage,
treatment or disposal of any Hazardous Materials, (c) exposure to any Hazardous
Materials, (d) the release or threatened release of any Hazardous Materials or
(e) any contract, agreement or other consensual arrangement pursuant to which
liability is assumed or imposed with respect to any of the foregoing.

“Equity Consideration” has the meaning
specified in the preamble hereto.

“Equity Interests” means shares of capital
stock, partnership interests, membership interests in a limited liability
company, beneficial interests in a trust or other equity ownership interests in
a Person, and any warrants, options or other rights entitling the holder
thereof to purchase or acquire any such equity interest.

“Equity Proceeds” means the Net Proceeds
received by the Borrower or any Subsidiary after the Effective Date from the
issuance and sale (other than to the Borrower or any Subsidiary) of its Equity
Interests or as a contribution to its capital, but excluding Net Proceeds
received in connection with the sale of Equity Interests pursuant to stock
options granted to employees or directors or other employee plans.

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

“ERISA Affiliate” means any trade or business
(whether or not incorporated) that, together with the Borrower or any
Subsidiary, is treated as a single

 10

employer under
Section 414(b) or (c) of the Code or, solely for purposes of Section 302
of ERISA and Section 412 of the Code, is treated as a single employer under
Section 414 of the Code.

“ERISA Event” means (a) any “reportable event”,
as defined in Section 4043 of ERISA or the regulations issued thereunder with
respect to a Plan (other than an event for which the 30-day notice period is
waived); (b) the existence with respect to any Plan of an “accumulated funding
deficiency” (as defined in Section 412 of the Code or Section 302 of ERISA),
and, on and after the effectiveness of the Pension Act, any failure by any Plan
to satisfy the minimum funding standard (within the meaning of Section 412 of
the Code or Section 302 of ERISA) applicable to such Plan, in each case,
whether or not waived; (c) the filing pursuant to Section 412(d) of the Code
(or, on and after the effectiveness of the Pension Act, Section 412(c) of the
Code) or Section 303(d) of ERISA (or, on and after the effectiveness of the
Pension Act, Section 302(c) of ERISA) of an application for a waiver of the
minimum funding standard with respect to any Plan; (d) on and after the
effectiveness of the Pension Act, a determination that any Plan is, or is
expected to be, in “at-risk” status (as defined in Section 303(i)(4) of ERISA
or Section 430(i)(4) of the Code); (e) the incurrence by the Borrower, any
Subsidiary or any ERISA Affiliate of any liability under Title IV of ERISA with
respect to the termination of any Plan; (f) the receipt by the Borrower, any
Subsidiary or any ERISA Affiliate from the PBGC or a plan administrator of any
notice relating to an intention to terminate any Plan or Plans or to appoint a
trustee to administer any Plan; (g) the incurrence by the Borrower, any
Subsidiary or any ERISA Affiliate of any liability with respect to the
withdrawal or partial withdrawal from any Plan or Multiemployer Plan; or (h)
the receipt by the Borrower, any Subsidiary or any ERISA Affiliate of any
notice, or the receipt by any Multiemployer Plan from the Borrower, any
Subsidiary or any ERISA Affiliate of any notice, concerning the imposition of
Withdrawal Liability or a determination that a Multiemployer Plan is, or is
expected to be, insolvent or in reorganization, within the meaning of Title IV
of ERISA or, after the effectiveness of the Pension Act, in endangered or
critical status, within the meaning of Section 305 of ERISA.

“Eurodollar”, when used in reference to any
Loan or Borrowing, refers to whether such Loan, or the Loans comprising such
Borrowing, are bearing interest at a rate determined by reference to the
Adjusted LIBO Rate.

“Event of Default” has the meaning specified in
Article VII.

“Excess Cash Flow” means, for any fiscal year
of the Borrower, the sum (without duplication) of:

(a)  the Consolidated Net Income
for such fiscal year, adjusted to exclude any gains or losses attributable to
Prepayment Events; plus

(b)  depreciation, amortization
and other non-cash charges or losses (including deferred income taxes) deducted
in determining Consolidated Net Income for such fiscal year; plus

 11
 

(c)  the sum of (i) the amount,
if any, by which Net Working Capital decreased during such fiscal year plus
(ii) 80% of the net amount, if any, by which the Deferred Revenue increased
during such fiscal year plus (iii) the net amount, if any, by which the
consolidated accrued long-term asset accounts of the Borrower and the
Subsidiaries decreased during such fiscal year; minus

(d)  the sum of (i) any non-cash
gains included in determining such Consolidated Net Income for such fiscal year
plus (ii) the amount, if any, by which Net Working Capital increased
during such fiscal year plus (iii) 80% of the net amount, if any, by
which the Deferred Revenue decreased during such fiscal year plus (iv)
the net amount, if any, by which the consolidated accrued long-term asset
accounts of the Borrower and the Subsidiaries increased during such fiscal
year; minus

(e)  Capital Expenditures for
such fiscal year (except to the extent attributable to the incurrence of
Capital Lease Obligations or otherwise financed by incurring Long-Term
Indebtedness); minus

(f)  the aggregate principal
amount of Long-Term Indebtedness repaid or prepaid by the Borrower and the
Subsidiaries during such fiscal year, excluding (i) Indebtedness in respect of
Revolving Loans and Letters of Credit, and (ii) repayments or prepayments of
Long-Term Indebtedness financed by incurring other Long-Term Indebtedness.

“Excluded Subsidiary” means at any time (a) any
Foreign Subsidiary, (b) any subsidiary of a Foreign Subsidiary, (c) any
Immaterial Subsidiary and (d) any Broker-Dealer Subsidiary.

“Excluded Taxes” means, with respect to the
Administrative Agent, any Lender, the Issuing Bank or any other recipient of
any payment to be made by or on account of any obligation of the Borrower
hereunder, (a) income or franchise taxes imposed on (or measured by) its net
income by the United States of America, or by the jurisdiction under the laws
of which such recipient is organized or in which its principal office is located
or, in the case of any Lender, in which its applicable lending office is
located, (b) any branch profits taxes imposed by the United States of America
or any similar tax imposed by any other jurisdiction described in clause (a)
above and (c) in the case of a Foreign Lender (other than an assignee pursuant
to a request by the Borrower under Section 2.19(b)), any withholding tax that
(i) is in effect and would apply to amounts payable to such Foreign Lender at
the time such Foreign Lender becomes a party to this Agreement (or designates a
new lending office), except to the extent that such Foreign Lender (or its
assignor, if any) was entitled, at the time of designation of a new lending
office (or assignment), to receive additional amounts from the Borrower with
respect to any withholding tax pursuant to Section 2.17(a), or (ii) is
attributable to such Foreign Lender’s failure to comply with Section 2.17(e), provided
that the term “Excluded Taxes” shall not include taxes imposed on amounts
payable to the Administrative Agent, a Lender or the Issuing Bank that result
from a failure by the 

 12
 

Borrower or any
Subsidiary to take any action that would allow such amounts to be paid free of
such taxes.

“FCM Subsidiary” means any Subsidiary that is
registered as a futures commission merchant under the Commodity Exchange Act.

“Fair Labor Standards Act” means the Fair Labor
Standards Act, 29 U.S.C. Section 201 et seq.

“Federal Funds Effective Rate” means, for any
day, the weighted average (rounded upwards, if necessary, to the next 1/100 of
1%) of the rates on overnight Federal funds transactions with members of the
Federal Reserve System arranged by Federal funds brokers, as published on the
next succeeding Business Day by the Federal Reserve Bank of New York, or, if such
rate is not so published for any day that is a Business Day, the average
(rounded upwards, if necessary, to the next 1/100 of 1%) of the quotations for
such day for such transactions received by the Administrative Agent from three
Federal funds brokers of recognized standing selected by it.

“Financial Officer” means the chief financial
officer, principal accounting officer, treasurer or controller of the Borrower.

“Fixed Charge Coverage Ratio” means, on any
date, the ratio of (a) Consolidated Adjusted EBITDA minus Capital Expenditures
to (b) Consolidated Fixed Charges, in each case, for the period of four
consecutive fiscal quarters of the Borrower ended on such date.

“Foreign Lender” means any Lender that is
organized under the laws of a jurisdiction other than the United States of
America or any State thereof or the District of Columbia.

“Foreign Subsidiary” means any Subsidiary that
is organized under the laws of a jurisdiction other than the United States of
America or any State thereof or the District of Columbia.  The Foreign Subsidiaries on the date hereof
are identified as such on Schedule 3.12.

“GAAP” means generally accepted accounting
principles in the United States of America.

“Governmental Authority” means the government
of the United States of America, any other nation or any political subdivision
thereof, whether state or local, and any agency, authority, instrumentality,
regulatory body, court, central bank or other entity exercising executive,
legislative, judicial, taxing, regulatory or administrative powers or functions
of or pertaining to government.

“Guarantee” of or by any Person (the “guarantor”)
means any obligation, contingent or otherwise, of the guarantor guaranteeing or
having the economic effect of guaranteeing any Indebtedness or other obligation
of any other Person (the “primary 

 13
 

obligor”)
in any manner, whether directly or indirectly, and including any obligation of
the guarantor, direct or indirect, (a) to purchase or pay (or advance or supply
funds for the purchase or payment of) such Indebtedness or other obligation or
to purchase (or to advance or supply funds for the purchase of) any security
for the payment thereof, (b) to purchase or lease property, securities or
services for the purpose of assuring the owner of such Indebtedness or other
obligation of the payment thereof, (c) to maintain working capital, equity
capital or any other financial statement condition or liquidity of the primary
obligor so as to enable the primary obligor to pay such Indebtedness or other
obligation or (d) as an account party in respect of any letter of credit or
letter of guaranty issued to support such Indebtedness or obligation; provided,
that the term Guarantee shall not include endorsements for collection or
deposit in the ordinary course of business.

“Hazardous Materials”  means all explosive, radioactive, hazardous
or toxic substances, materials, wastes or other pollutants, including petroleum
or petroleum by-products or distillates, asbestos or asbestos containing
materials, polychlorinated biphenyls, radon gas, chlorofluorocarbons and other
ozone depleting substances or mold which are regulated pursuant to any
Environmental Law.

“Hedging Agreement” means any interest rate
protection agreement, foreign currency exchange agreement, commodity price
protection agreement or other interest or currency exchange rate or commodity
price hedging arrangement.

“Immaterial Subsidiary” means any Subsidiary
that (a) does not conduct any business operations, (b) has assets with a total
book value not in excess of $500,000 and (c) does not have any Indebtedness
outstanding, and which is identified as such on Schedule 3.12.  The Immaterial Subsidiaries on the date
hereof are identified as such on Schedule 3.12.

“Indebtedness” of any Person means, without
duplication, (a) all obligations of such Person for borrowed money or with
respect to deposits or advances of any kind made to such Person, (b) all
obligations of such Person evidenced by bonds, debentures, notes or similar
instruments, (c) all obligations of such Person upon which interest charges are
customarily paid, (d) all obligations of such Person under conditional sale or
other title retention agreements relating to property acquired by such Person
and delivered to such Person or its designee, (e) all obligations of such
Person in respect of the deferred purchase price of property or services
(excluding trade accounts payable incurred in the ordinary course of business),
(f) all Indebtedness of others secured by (or for which the holder of such
Indebtedness has an existing right, contingent or otherwise, to be secured by)
any Lien on property owned or acquired by such Person, whether or not the
Indebtedness secured thereby has been assumed, (g) all Guarantees by such
Person of Indebtedness of others, (h) all Capital Lease Obligations of such
Person, (i) all obligations, contingent or otherwise, of such Person as an
account party in respect of letters of credit and letters of guaranty and (j)
all obligations, contingent or otherwise, of such Person in respect of bankers’
acceptances.  The Indebtedness of any
Person shall include the Indebtedness of any other entity (including any
partnership in which such Person is a general partner) to the extent such
Person is liable therefor as a result of such 

 14
 

Person’s ownership
interest in or other relationship with such entity, except to the extent the
terms of such Indebtedness provide that such Person is not liable therefor.

“Indemnified Taxes” means Taxes other than
Excluded Taxes.

“Indemnitee” has the meaning specified in
Section 9.03(b).

“Information Memorandum” means the Confidential
Information Memorandum dated January 2007, as modified or supplemented prior to
the Effective Date, relating to the Borrower and the Transactions.

“Initial Loans” has the meaning specified in
Section 2.08.

“Interest Election Request” means a request by
the Borrower to convert or continue a Revolving Borrowing or Term Borrowing in
accordance with Section 2.07.

“Interest Payment Date” means (a) with respect
to any ABR Loan (other than a Swingline Loan), the last day of each March,
June, September and December, (b) with respect to any Eurodollar Loan, the last
day of the Interest Period applicable to the Borrowing of which such Loan is a
part and, in the case of a Eurodollar Borrowing with an Interest Period of more
than three months’ duration, each day prior to the last day of such Interest
Period that occurs at intervals of three months’ duration after the first day
of such Interest Period and (c) with respect to any Swingline Loan, the day
that such Loan is required to be repaid.

“Interest Period” means, with respect to any
Eurodollar Borrowing, the period commencing on the date of such Borrowing and
ending on the numerically corresponding day in the calendar month that is one,
two, three or six months thereafter, as the Borrower may elect; provided,
that (a) if any Interest Period would end on a day other than a Business Day,
such Interest Period shall be extended to the next succeeding Business Day
unless such next succeeding Business Day would fall in the next calendar month,
in which case such Interest Period shall end on the next preceding Business Day
and (b) any Interest Period that commences on the last Business Day of a
calendar month (or on a day for which there is no numerically corresponding day
in the last calendar month of such Interest Period) shall end on the last
Business Day of the last calendar month of such Interest Period.  For purposes hereof, the date of a Borrowing
initially shall be the date on which such Borrowing is made and thereafter
shall be the effective date of the most recent conversion or continuation of
such Borrowing.

“Issuing Bank” means JPMorgan Chase Bank, N.A.,
in its capacity as the issuer of Letters of Credit hereunder, and its
successors in such capacity as provided in Section 2.05(i).  The Issuing Bank may, in its discretion,
arrange for one or more Letters of Credit to be issued by Affiliates of the
Issuing Bank, in which case the term “Issuing Bank” shall include any
such Affiliate with respect to Letters of Credit issued by such Affiliate.

 15
 

“LC Disbursement” means a payment made by the
Issuing Bank pursuant to a Letter of Credit.

“LC Exposure” means, at any time, the sum of
(a) the aggregate undrawn amount of all outstanding Letters of Credit at such
time plus (b) the aggregate amount of all LC Disbursements that have not
yet been reimbursed by or on behalf of the Borrower at such time.  The LC Exposure of any Revolving Lender at
any time shall be its Applicable Percentage of the aggregate LC Exposure at
such time.

“Lenders” means the Persons listed on Schedule
2.01 and any other Person that shall have become a party hereto pursuant to
Sections 2.08 or 9.04, other than any such Person that ceases to be a party
hereto pursuant to Section 9.04.  Unless
the context otherwise requires, the term “Lenders” includes the Swingline
Lender.

“Letter of Credit” means any letter of credit
issued or deemed issued pursuant to this Agreement, including each Existing
Letter of Credit.

“Leverage Ratio” means, on any date, the ratio
of (a) Total Indebtedness on such date to (b) Consolidated Adjusted EBITDA for
the period of four consecutive fiscal quarters of the Borrower ended on such
date (or, if such date is not the last day of a fiscal quarter, on the last day
of the fiscal quarter of the Borrower most recently ended prior to such date).

“LIBO Rate” means, with respect to any
Eurodollar Borrowing for any Interest Period, the rate appearing on Page 3750
of the Dow Jones Market Service (or on any successor or substitute page of such
service, or any successor to or substitute for such service, providing rate
quotations comparable to those currently provided on such page of such service,
as determined by the Administrative Agent from time to time for purposes of
providing quotations of interest rates applicable to dollar deposits in the
London interbank market) at approximately 11:00 a.m., London time, two Business
Days prior to the commencement of such Interest Period, as the rate for dollar
deposits with a maturity comparable to such Interest Period.  In the event that such rate is not available
at such time for any reason, then the “LIBO Rate” with respect to such
Eurodollar Borrowing for such Interest Period shall be the rate at which dollar
deposits of an amount comparable to the amount of such Eurodollar Borrowing and
for a maturity comparable to such Interest Period are offered by the principal
London office of the Administrative Agent in immediately available funds in the
London interbank market at approximately 11:00 a.m., London time, two Business
Days prior to the commencement of such Interest Period.

“Lien” means, with respect to any asset, (a)
any mortgage, deed of trust, lien, pledge, hypothecation, encumbrance, charge
or security interest in, on or of such asset, (b) the interest of a vendor
or a lessor under any conditional sale agreement, capital lease or title
retention agreement (or any financing lease having substantially the same
economic effect as any of the foregoing) relating to such asset and (c) in
the case of securities, any purchase option, call or similar right of a third
party with respect to such securities.

 16
 

“Loan Documents” means this Agreement, the
Security Documents, the Letters of Credit, any letter of credit application
referred to herein and any promissory notes delivered in connection herewith .

“Loan Parties” means the Borrower and the
Subsidiary Loan Parties.

“Loans” means the loans made by the Lenders to
the Borrower pursuant to this Agreement.

“Long-Term Indebtedness” means any Indebtedness
that, in accordance with GAAP, constitutes (or, when incurred, constituted) a
long-term liability.

“Material Adverse Effect” means a material
adverse effect on (a) the business, operations, assets, liabilities
(including contingent liabilities), condition (financial or otherwise) or
prospects of the Borrower and the Subsidiaries, taken as a whole, (b) the
ability of any Loan Party to perform any of its obligations under any Loan
Document or (c) the rights of or benefits available to the Lenders under any
Loan Document.

“Material Indebtedness” means Indebtedness
(other than the Loans and Letters of Credit), or obligations in respect of one
or more Hedging Agreements, of any one or more of the Borrower and the
Subsidiaries in an aggregate principal amount exceeding $1,000,000.  For purposes of determining Material
Indebtedness, the “principal amount” of the obligations of the Borrower
or any Subsidiary in respect of any Hedging Agreement at any time shall be the
maximum aggregate amount (giving effect to any netting agreements) that the
Borrower or such Subsidiary would be required to pay if such Hedging Agreement
were terminated at such time.

“Merger Consideration” has the meaning
specified in the preamble hereto.

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

“Mortgage” means a mortgage, deed of trust, or
other security document granting a Lien on any Mortgaged Property to secure the
Obligations.  Each Mortgage shall be
satisfactory in form and substance to the Collateral Agent.

“Mortgaged Property” means each parcel of real
property and the improvements thereto (including any leasehold interest in real
property) now or hereafter owned or leased by a Loan Party.

“Multiemployer Plan” means a multiemployer plan
as defined in Section 4001(a)(3) of ERISA.

“Net Proceeds” means, with respect to any
event, (a) the cash proceeds received in respect of such event, including (i)
any cash received in respect of any non-cash proceeds (including any cash
payments received by way of deferred payment of principal pursuant to a note or
installment receivable or purchase price adjustment or earn-out), but only as
and when received, (ii) in the case of a casualty, insurance 

 17
 

proceeds, and (iii) in
the case of a condemnation or similar event, condemnation awards and similar payments,
minus (b) the sum of (i) all fees and out-of-pocket expenses (including
underwriting discounts and commissions) paid by the Borrower and the
Subsidiaries to third parties (other than Affiliates) in connection with such
event, (ii) in the case of a sale, transfer or other disposition of an asset
(including pursuant to a sale and leaseback transaction or a casualty or a
condemnation or similar proceeding), the amount of all payments required to be
made by the Borrower and the Subsidiaries as a result of such event to repay
Indebtedness (other than Loans) secured by such asset and (iii) the amount of
all taxes paid (or reasonably estimated to be payable) by the Borrower and the
Subsidiaries, and the amount of any reserves established by the Borrower and
the Subsidiaries to fund contingent liabilities reasonably estimated to be
payable, in each case during the year that such event occurred or the next
succeeding year and that are directly attributable to such event (as determined
reasonably and in good faith by a Financial Officer); provided that on
the date on which such reserve is no longer required to be maintained in
accordance with GAAP, the remaining amount of such reserve shall then be deemed
to be Net Proceeds.

“Net Working Capital” means, at any date, (a)
the consolidated current assets of the Borrower and the Subsidiaries as of such
date (excluding cash and Permitted Investments) minus (b) the consolidated
current liabilities of the Borrower and the Subsidiaries as of such date
(excluding current liabilities in respect of Indebtedness).  Net Working Capital at any date may be a
positive or negative number.  Net Working
Capital increases when it becomes more positive or less negative and decreases
when it becomes less positive or more negative.

“Obligations” means (a) the due and punctual
payment by the Borrower of (i) the principal of and premium, if any, and
interest (including interest accruing during the pendency of any bankruptcy,
insolvency, receivership or other similar proceeding, regardless of whether
allowed or allowable in such proceeding) on the Loans, when and as due, whether
at maturity, by acceleration, upon one or more dates set for prepayment or
otherwise, (ii) each payment required to be made by the Borrower under this
Agreement in respect of any Letter of Credit, when and as due, including
payments in respect of reimbursement of disbursements, interest thereon and
obligations to provide cash collateral and (iii) all other monetary obligations
of the Borrower to any of the Secured Parties under this Agreement and each of
the other Loan Documents, including obligations to pay fees, expense
reimbursement obligations and indemnification obligations, whether primary,
secondary, direct, contingent, fixed or otherwise (including monetary obligations
incurred during the pendency of any bankruptcy, insolvency, receivership or
other similar proceeding, regardless of whether allowed or allowable in such
proceeding), (b) the due and punctual performance of (i) all obligations of the
Borrower or any Subsidiary, monetary or otherwise, under each Hedging Agreement
entered into with a counterparty that was a Lender (or an Affiliate thereof) at
the time such Hedging Agreement was entered into and (ii) all Cash Management
Obligations, (c) the due and punctual performance of all other obligations of
the Borrower under or pursuant to this Agreement and each of the other Loan
Documents and (d) the due and 

 18
 

punctual payment and
performance of all the obligations of each other Loan Party under or pursuant
to the Security Documents and each of the other Loan Documents.

“Other Taxes” means any and all present or
future recording, stamp, documentary, excise, transfer, sales, property or
similar taxes, charges or levies arising from any payment made under any Loan
Document or from the execution, delivery or enforcement of, or otherwise with
respect to, any Loan Document.

“Parent Material Adverse Effect” has the
meaning specified in the Acquisition Agreement.

“PBGC” means the Pension Benefit Guaranty
Corporation referred to and defined in ERISA and any successor entity
performing similar functions.

“Pension Act” means the Pension Protection Act
of 2006, as amended.

“Perfection Certificate” means a certificate in
the form of Exhibit II to the Collateral Agreement or any other form approved
by the Collateral Agent.

“Permitted Acquisition” means the acquisition
of the business listed on Schedule 6.04; provided that the consideration
for such acquisition shall consist solely of common shares of the Borrower.

“Permitted Disposition” means the disposition
of the business listed on Schedule 6.05; provided that the Net
Proceeds thereof shall be applied in accordance with Section 2.11(c).

“Permitted Encumbrances” means:

(a)  Liens imposed by law for
taxes, assessments or other governmental charges that are not yet due or are
being contested in compliance with Section 5.05;

(b)  carriers’, warehousemen’s,
mechanics’, materialmen’s, repairmen’s, landlords’ and other like Liens imposed
by law, arising in the ordinary course of business and securing obligations
that are not overdue by more than 30 days or are being contested in compliance
with Section 5.05;

(c)  pledges and deposits made in
the ordinary course of business in compliance with workers’ compensation,
unemployment insurance and other social security laws or regulations;

(d)  deposits to secure the
performance of bids, trade contracts, leases, statutory obligations, surety and
appeal bonds, performance bonds and other obligations of a like nature, in each
case in the ordinary course of business;

(e)  judgment liens in respect of
judgments that do not constitute an Event of Default under paragraph (l) of
Article VII;

 19
 

(f)  easements, zoning
restrictions, rights-of-way and similar encumbrances on real property imposed
by law or arising in the ordinary course of business that do not secure any
monetary obligations and do not materially detract from the value of the
affected property or interfere with the ordinary conduct of business of the
Borrower or any Subsidiary; and

(g)  Liens arising from Permitted
Investments described in paragraph (d) of the definition of the term “Permitted
Investments”.

provided that the term “Permitted
Encumbrances” shall not include any Lien securing Indebtedness.

“Permitted Investments” means:

(a)  direct obligations of, or
obligations the principal of and interest on which are unconditionally
guaranteed by, the United States of America (or by any agency thereof to the
extent such obligations are backed by the full faith and credit of the United
States of America), in each case maturing within one year from the date of
acquisition thereof;

(b)  investments in commercial
paper maturing within 270 days from the date of acquisition thereof and having,
at such date of acquisition, the highest credit rating obtainable from S&P
or from Moody’s;

(c)  investments in certificates
of deposit, banker’s acceptances and time or demand deposits maturing within
180 days from the date of acquisition thereof issued or guaranteed by or placed
with, and money market deposit accounts issued or offered by, any domestic
office of any commercial bank organized under the laws of the United States of
America or any State thereof which has a combined capital and surplus and
undivided profits of not less than $500,000,000;

(d)  fully collateralized
repurchase agreements with a term of not more than 30 days for securities
described in paragraph (a) above and entered into with a financial institution
satisfying the criteria described in paragraph (c) above; and

(e)  money market funds that (i)
comply with the criteria set forth in Securities and Exchange Commission Rule
2a-7 under the Investment Company Act of 1940, (ii) are rated AAA by S&P
and Aaa by Moody’s and (iii) have portfolio assets of at least $5,000,000,000.

“Permitted Subordinated Indebtedness” means
Indebtedness of the Borrower (a) the principal of which is not by its terms
required to be repaid, prepaid, redeemed, repurchased or defeased, in whole or
in part, at the option of any holder thereof or otherwise, on any date prior to
the later of (i) the date six months after the Tranche B Maturity Date and (ii)
the date six months after the Revolving Maturity Date (except upon the
occurrence of an event of default or a change in control or similar event), (b)
that is fully subordinated to the Obligations in the event of any bankruptcy,

 20

reorganization or
insolvency proceeding with respect to the Borrower, (c) that provides that no
payments of interest will be made during the continuance of any Default in the
payment of the principal of or interest on the Obligations, (d) that provides on
customary terms that payments of interest will be suspended for a period of at
least 180 days during the continuance of non-payment Defaults upon notice given
by the Administrative Agent on behalf of the Lenders, (e) the subordination
provisions of which, insofar as they relate to the Obligations, are otherwise
reasonably satisfactory to the Administrative Agent, (f) that is not Guaranteed
by any Subsidiary unless (i) such Subsidiary is a Subsidiary Loan Party and a
party to the Collateral Agreement, (ii) the Guarantee of such Subsidiary is
unsecured and subordinated to the corresponding Guarantee of the Obligations
under the Collateral Agreement on terms no less favorable to the Lenders than
those on which the obligations of the Borrower in respect of such Indebtedness
are subordinated to the Obligations and (iii) such Guarantee provides for the
release and termination thereof, without action by any party, upon any release
and termination of the corresponding Guarantee of the Obligations, and (g) that
does not contain any financial maintenance covenants.

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

“Plan” 
means any employee pension benefit plan (other than a Multiemployer
Plan) subject to the provisions of Title IV of ERISA or Section 412 of the Code
or Section 302 of ERISA, and in respect of which the Borrower, any Subsidiary
or any ERISA Affiliate is (or, if such plan were terminated, would under
Section 4069 of ERISA be deemed to be) an “employer” as defined in Section 3(5)
of ERISA.

“Prepayment Event” means:

(a)  any sale, transfer or other
disposition (including pursuant to a sale and leaseback transaction and by way
of merger, consolidation or long-term license) of any property or asset of the
Borrower or any Subsidiary, other than dispositions permitted by paragraphs
(a), (b), (c), (d), (e) and (g) of Section 6.05; or

(b)  any casualty or other
insured damage to, or any taking under power of eminent domain or by
condemnation or similar proceeding of, any property or asset of the Borrower or
any Subsidiary, but only to the extent that the Net Proceeds therefrom have not
been applied to repair, restore or replace such property or assets within 180
days after such event; or

(c)  the incurrence by the
Borrower or any Subsidiary of any Indebtedness, other than Indebtedness
permitted under Section 6.01; or

(d)  the receipt of any Equity
Proceeds by or on behalf of the Borrower or any Subsidiary.

 21
 

“Prepayment Percentage” means (a) in the case
of a Prepayment Event described in paragraph (a), (b) or (c) of the definition
of such term, 100%, and (b) in the case of a Prepayment Event described in
paragraph (d) of the definition of such term, 50%.

“Prime Rate” means the rate of interest per
annum publicly announced from time to time by the Administrative Agent as its
prime rate in effect at its principal office in New York City; each change in
the Prime Rate shall be effective from and including the date such change is
publicly announced as being effective.

“Qualifying Acquisition” means any acquisition
(by merger, consolidation or otherwise) by the Borrower or a Subsidiary Loan
Party of all or substantially all the assets of, or all the Equity Interests
in, a Person or division or line of business of a Person, if:

(a)  immediately after giving
effect to such acquisition, no Default has occurred and is continuing or would
result therefrom;

(b)  such acquisition occurs on
or after the first anniversary of the Closing Date; provided that any
such acquisition may occur prior to such anniversary with the prior written
approval of the Required Lenders;

(c)  each Subsidiary acquired in
or resulting from such acquisition shall be a Domestic Subsidiary;

(d)  the Equity Interests of each
Subsidiary resulting from such acquisition, if owned directly by the Borrower
and/or one or more Subsidiary Loan Parties, shall have been (or within 10
Business Days (or such longer period as may be acceptable to the Administrative
Agent) after such acquisition shall be) pledged pursuant to the Collateral
Agreement (subject to the limitations on the pledge of Equity Interests of
Foreign Subsidiaries set forth in the definition of “Collateral and Guarantee
Requirement”);

(e)  if applicable, the
Collateral and Guarantee Requirement shall have been (or within 10 Business
Days (or such longer period as may be acceptable to the Administrative Agent)
after such acquisition shall be) satisfied with respect to each such
Subsidiary;

(f)  the Borrower and the
Subsidiaries shall be in compliance with Sections 6.12, 6.13 and 6.14 as of the
last day of the most recent fiscal quarter in respect of which financial
statements have been delivered pursuant to Section 5.01(a) or (b), computed on
a pro forma basis as if such acquisition had occurred on such date or at the
beginning of such period; provided that for the purposes of calculating
such pro forma compliance with Section 6.13, the maximum Leverage Ratio set
forth in such Section for each period shall be reduced by .50; and

 22
 

(g)  in the case of any such
acquisition for aggregate consideration in excess of $5,000,000, the Borrower
shall have delivered to the Administrative Agent an officer’s certificate to
the effect set forth in paragraphs (b), (c), (d) and (e) above, together with
all relevant financial information for the Person or assets acquired and
reasonably detailed calculations demonstrating satisfaction of the requirement
set forth in paragraph (f) above.

“Quarterly Subscription Revenue” has the
meaning specified in Schedule 6.14.

“Rating” means any rating by S&P or Moody’s
of the Borrower’s Indebtedness or corporate credit.

“Register” has the meaning specified in Section
9.04.

“Regulated Subsidiary” means any Subsidiary of
the Borrower that is (a) a Broker-Dealer Subsidiary, (b) an FCM Subsidiary or
(c) otherwise subject to regulation by any Governmental Authority or
Supervisory Organization.

“Related Parties” means, with respect to any
specified Person, such Person’s Affiliates and the respective directors,
officers, employees, agents and advisors of such Person and such Person’s
Affiliates.

“Required Lenders” means, at any time, Lenders
having Revolving Exposures, Term Loans and unused Commitments representing more
than 50% of the aggregate Revolving Exposures, outstanding Term Loans and
unused Commitments at such time; provided that in no event shall the
Required Lenders consist of fewer than two Lenders.

“Requirement of Law” means, with respect to any
Person, (a) the charter, articles or certificate of organization or
incorporation and bylaws or other organizational or governing documents of such
Person and (b) any statute, law, rule, regulation, interpretation, order,
decree, writ, injunction or determination of any arbitrator or court or other
Governmental Authority or Supervisory Organization, in each case applicable to
or binding upon such Person or any of its property or to which such Person or
any of its property is subject.

“Restricted Payment” means any dividend or
other distribution (whether in cash, securities or other property) with respect
to any Equity Interests in the Borrower or any Subsidiary, or any payment
(whether in cash, securities or other property), including any sinking fund or
similar deposit, on account of the purchase, redemption, retirement,
acquisition, cancelation or termination of any Equity Interests in the Borrower
or any Subsidiary or any option, warrant or other right to acquire any such
Equity Interests in the Borrower or any Subsidiary or any other payment
(including any payment under any Hedging Agreement) that has a substantially
similar effect to any of the foregoing.

 23
 

“Revolving Availability Period” means the
period from and including the Effective Date to but excluding the earlier of
the Revolving Maturity Date and the date of termination of the Revolving
Commitments.

“Revolving Commitment” means, with respect to
each Lender, the commitment, if any, of such Lender to make Revolving Loans and
to acquire participations in Letters of Credit and Swingline Loans hereunder,
expressed as an amount representing the maximum permitted aggregate amount of
such Lender’s Revolving Exposure hereunder, as such commitment may be (a)
reduced from time to time pursuant to Section 2.08 and (b) reduced or increased
from time to time pursuant to assignments by or to such Lender pursuant to
Section 9.04.  The initial amount of each
Lender’s Revolving Commitment is set forth on Schedule 2.01, or in the
Assignment and Assumption pursuant to which such Lender shall have assumed its
Revolving Commitment, as applicable.  The
initial aggregate amount of the Lenders’ Revolving Commitments is $25,000,000.

“Revolving Exposure” means, with respect to any
Lender at any time, the sum of the outstanding principal amount of such Lender’s
Revolving Loans and its LC Exposure and Swingline Exposure at such time.

“Revolving Lender” means a Lender with a
Revolving Commitment or, if the Revolving Commitments have terminated or
expired, a Lender with Revolving Exposure.

“Revolving Loan” means a Loan made pursuant to
clause (c) of Section 2.01.

“Revolving Maturity Date” means February 13,
2012, or, if such day is not a Business Day, the next preceding Business Day.

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

“Secured Parties” means (a) the Lenders, (b)
the Administrative Agent, (c) the Collateral Agent, (d) the Issuing Bank, (e)
the beneficiaries of each indemnification obligation undertaken by any Loan
Party under any Loan Document and (h) the successors and permitted assigns of
each of the foregoing.

“Securities Account Control Agreement” means a
securities account control agreement, in form and substance satisfactory to the
Administrative Agent and the Borrower, designating the Collateral Agent as
secured party.

“Security Documents” means the Collateral
Agreement, the Mortgages, the Securities Account Control Agreements, the
Deposit Account Control Agreements and each other security agreement or other
instrument or document executed and delivered pursuant to Section 5.12 or 5.13
to secure any of the Obligations.

 24
 

“Statutory Reserve Rate” means a fraction
(expressed as a decimal), the numerator of which is the number one and the
denominator of which is the number one minus the aggregate of the maximum
reserve percentages (including any marginal, special, emergency or supplemental
reserves) expressed as a decimal established by the Board to which the
Administrative Agent is subject with respect to the Adjusted LIBO Rate, for
eurocurrency funding (currently referred to as “Eurocurrency Liabilities” in
Regulation D of the Board).  Such reserve
percentages shall include those imposed pursuant to such Regulation D.  Eurodollar Loans shall be deemed to
constitute eurocurrency funding and to be subject to such reserve requirements
without benefit of or credit for proration, exemptions or offsets that may be
available from time to time to any Lender under such Regulation D or any
comparable regulation.  The Statutory Reserve
Rate shall be adjusted automatically on and as of the effective date of any
change in any reserve percentage.

“subsidiary” means, with respect to any Person
(the “parent”) at any date, any corporation, limited liability company,
partnership, association or other entity the accounts of which would be
consolidated with those of the parent in the parent’s consolidated financial
statements if such financial statements were prepared in accordance with GAAP,
as well as any other corporation, limited liability company, partnership,
association or other entity (a) of which securities or other ownership
interests representing more than 50% of the equity or more than 50% of the
ordinary voting power or, in the case of a partnership, more than 50% of the
general partnership interests are, as of such date, owned, controlled or held,
or (b) that is, as of such date, otherwise Controlled, by the parent or one or
more subsidiaries of the parent or by the parent and one or more subsidiaries
of the parent.

“Subsidiary” means any subsidiary of the
Borrower.  On the Effective Date, for
purposes of the representations and warranties made herein, the Acquisition
shall be deemed to have been consummated and Persons becoming Subsidiaries as a
result of the Acquisition shall be deemed to be Subsidiaries.

“Subsidiary Loan Party” means any Subsidiary
that is not an Excluded Subsidiary.

“Supervisory Organization” means any of (a) the
Commodity Futures Trading Commission, (b) the National Futures Association, (c)
the Securities Investor Protection Corporation, (d) the Municipal Securities
Rulemaking Board, (e) the Securities and Exchange Commission, (f) the National
Association of Securities Dealers or (g) any other governmental or regulatory
organization, exchange, clearing house or financial regulatory authority of which
a Regulated Subsidiary is a member or to whose rules it is subject.

“Swingline Commitment” means the commitment of
the Swingline Lender to make Swingline Loans.

 25
 

“Swingline Exposure” means, at any time, the
aggregate principal amount of all Swingline Loans outstanding at such
time.  The Swingline Exposure of any
Lender at any time shall be its Applicable Percentage of the Swingline Exposure
at such time.

“Swingline Lender” means JPMorgan Chase Bank,
N.A., in its capacity as lender of Swingline Loans hereunder.

“Swingline Loan” means a Loan made pursuant to
Section 2.04.

“Taxes” means any and all present or future
taxes, levies, imposts, duties, deductions, charges or withholdings imposed by
any Governmental Authority.

“Term Commitment” means, collectively, the
Tranche A Commitment and the Tranche B Commitment.

“Term Lenders” means, collectively, the Tranche
A Lenders and the Tranche B Lenders.

“Term Loan” means a Loan made pursuant to
clause (a) or (b) of Section 2.01.

“Total Indebtedness” means, as of any date, the
aggregate principal amount of all Indebtedness of the Borrower and the
Subsidiaries outstanding as of such date, other than contingent obligations in
respect of undrawn letters of credit.

“Transactions” means, collectively, the
Acquisition, the issuance of the Equity Consideration, the payment of the Cash
Consideration, the execution by the Loan Parties of this Agreement and the
performance of their obligations hereunder, the Borrowings, the creation of the
security interests provided for herein and in the Security Documents and the
other transactions contemplated hereby.

“Tranche A Commitment” means, with respect to
each Lender, the commitment, if any, of such Lender to make a Tranche A Term
Loan hereunder on the Effective Date, expressed as an amount representing the
maximum principal amount of the Tranche A Term Loan to be made by such Lender
hereunder, as such commitment may be (a) reduced from time to time pursuant to
Section 2.08 and (b) reduced or increased from time to time pursuant to assignments
by or to such Lender pursuant to Section 9.04. 
The initial amount of each Lender’s Tranche A Commitment is set forth on
Schedule 2.01, or in the Assignment and Assumption pursuant to which
such Lender shall have assumed its Term Commitment, as applicable.  The initial aggregate amount of the Lenders’
Tranche A Commitments is $50,000,000.

“Tranche A Lender” means a Lender with a
Tranche A Commitment or an outstanding Tranche A Term Loan.

“Tranche A Maturity Date” means February 13,
2012 or, if such day is not a Business Day, the next preceding Business Day.

 26
 

“Tranche A Term Loan” means a Loan made
pursuant to clause (a) of Section 2.01.

“Tranche B Commitment” means, with respect to
each Lender, the commitment, if any, of such Lender to make a Tranche B Term
Loan hereunder on the Effective Date, expressed as an amount representing the
maximum principal amount of the Tranche B Term Loan to be made by such Lender
hereunder, as such commitment may be (a) reduced from time to time pursuant to
Section 2.08 and (b) reduced or increased from time to time pursuant to
assignments by or to such Lender pursuant to Section 9.04.  The initial amount of each Lender’s Tranche B
Commitment is set forth on Schedule 2.01, or in the Assignment and
Assumption pursuant to which such Lender shall have assumed its Term
Commitment, as applicable.  The initial
aggregate amount of the Lenders’ Tranche B Commitment is $75,000,000.

“Tranche B Lender” means a Lender with a
Tranche B Commitment or an outstanding Tranche B Term Loan.

“Tranche B Maturity Date” means August 13, 2012
or, if such day is not a Business Day, the next preceding Business Day.

“Tranche B Term Loan” means a Loan made
pursuant to clause (b) of Section 2.01.

“Type”, when used in reference to any Loan or
Borrowing, refers to whether the rate of interest on such Loan, or on the Loans
comprising such Borrowing, is determined by reference to the Adjusted LIBO Rate
or the Alternate Base Rate.

“wholly-owned Subsidiary” means, with respect
to any Person at any date, a subsidiary of such Person of which securities or
other ownership interests representing 100% of the Equity Interests (other than
directors’ qualifying shares) are, as of such date, owned, controlled or held
by such Person or one or more wholly-owned Subsidiaries of such Person or by
such Person and one or more wholly-owned Subsidiaries of such Person.

“Withdrawal Liability” means liability to a
Multiemployer Plan as a result of a complete or partial withdrawal from such
Multiemployer Plan, as such terms are defined in Part I of Subtitle E of
Title IV of ERISA.

SECTION 1.02. 
Classification of Loans and Borrowings.  For purposes of this Agreement, Loans may be
classified and referred to by Class (e.g., a “Revolving Loan”) or by
Type (e.g., a “Eurodollar Loan”) or by Class and Type (e.g., a “Eurodollar
Revolving Loan”).  Borrowings also may be
classified and referred to by Class (e.g., a “Revolving Borrowing”) or
by Type (e.g., a “Eurodollar Borrowing”) or by Class and Type (e.g.,
a “Eurodollar Revolving Borrowing”).

SECTION 1.03. 
Terms Generally. 
The definitions of terms herein shall apply equally to the singular and
plural forms of the terms defined. 
Whenever the 

 27
 

context may require, any pronoun shall include the corresponding
masculine, feminine and neuter forms. 
The words “include”, “includes” and “including” shall be deemed to be
followed by the phrase “without limitation”. 
The word “will” shall be construed to have the same meaning and effect
as the word “shall”.  Unless the context
requires otherwise (a) any definition of or reference to any agreement,
instrument or other document herein shall be construed as referring to such
agreement, instrument or other document as from time to time amended, amended
and restated, supplemented or otherwise modified (subject to any restrictions
on such amendments, supplements or modifications set forth herein), (b) any
reference herein to any Person shall be construed to include such Person’s
successors and assigns, (c) the words “herein”, “hereof” and “hereunder”, and
words of similar import, shall be construed to refer to this Agreement in its
entirety and not to any particular provision hereof, (d) all references herein
to Articles, Sections, Exhibits and Schedules shall be construed to refer to
Articles and Sections of, and Exhibits and Schedules to, this Agreement and (e)
the words “asset” and “property” shall be construed to have the same meaning
and effect and to refer to any and all tangible and intangible assets and
properties, including cash, securities, accounts and contract rights.

SECTION 1.04. 
Accounting Terms; GAAP.  Except as otherwise expressly provided
herein, all terms of an accounting or financial nature shall be construed in
accordance with GAAP, as in effect from time to time; provided that, if
the Borrower notifies the Administrative Agent that the Borrower requests an
amendment to any provision hereof to eliminate the effect of any change
occurring after the date hereof in GAAP or in the application thereof on the
operation of such provision (or if the Administrative Agent notifies the
Borrower that the Required Lenders request an amendment to any provision hereof
for such purpose), regardless of whether any such notice is given before or
after such change in GAAP or in the application thereof, then such provision
shall be interpreted on the basis of GAAP as in effect and applied immediately
before such change shall have become effective until such notice shall have
been withdrawn or such provision amended in accordance herewith.

ARTICLE
II

The
Credits

SECTION 2.01. 
Commitments. 
Subject to the terms and conditions set forth herein, each Lender agrees
to make (a) a Tranche A Term Loan to the Borrower on the Effective Date in a
principal amount not exceeding its Tranche A Commitment, (b) a Tranche B Term
Loan to the Borrower on the Effective Date in a principal amount not exceeding
its Tranche B Commitment and (c) Revolving Loans to the Borrower from time to
time during the Revolving Availability Period in an aggregate principal amount
that will not result in such Lender’s Revolving Exposure exceeding such Lender’s
Revolving Commitment.  Within the
foregoing limits and subject to the terms and conditions set forth herein, the
Borrower may borrow, prepay and reborrow Revolving Loans.  Amounts repaid or prepaid in respect of Term
Loans may not be reborrowed.

 28
 

SECTION 2.02. 
Loans and Borrowings.  (a) 
Each Loan (other than a Swingline Loan) shall be made as part of a
Borrowing consisting of Loans of the same Class and Type made by the Lenders
ratably in accordance with their respective Commitments of the applicable
Class.  The failure of any Lender to make
any Loan required to be made by it shall not relieve any other Lender of its
obligations hereunder; provided that the Commitments of the Lenders are
several and no Lender shall be responsible for any other Lender’s failure to
make Loans as required.

(b)  Subject to Section
2.14, each Revolving Borrowing and Term Borrowing shall be comprised entirely
of ABR Loans or Eurodollar Loans as the Borrower may request in accordance
herewith.  Each Swingline Loan shall be
an ABR Loan.  Each Lender at its option
may make any Eurodollar Loan by causing any domestic or foreign branch or
Affiliate of such Lender to make such Loan; provided that any exercise
of such option shall not affect the obligation of the Borrower to repay such
Loan in accordance with the terms of this Agreement.

(c)  At the commencement of
each Interest Period for any Eurodollar Borrowing, such Borrowing shall be in
an aggregate amount that is an integral multiple of $500,000 and not less than
$2,500,000.  At the time that each ABR
Revolving Borrowing is made, such Borrowing shall be in an aggregate amount
that is an integral multiple of $500,000 and not less than $1,000,000.  Each Swingline Loan shall be in an amount
that is an integral multiple of $250,000 and not less than $500,000.  Notwithstanding anything to the contrary
herein, an ABR Revolving Borrowing or a Swingline Loan may be in an aggregate
amount that is equal to the entire unused balance of the aggregate Revolving
Commitments.  Borrowings of more than one
Type and Class may be outstanding at the same time; provided that there
shall not at any time be more than a total of five Eurodollar Borrowings
outstanding.

(d)  Notwithstanding any other
provision of this Agreement, the Borrower shall not be entitled to request, or
to elect to convert or continue, any Borrowing if the Interest Period requested
with respect thereto would end after the Revolving Maturity Date, the Tranche A
Maturity Date or the Tranche B Maturity Date, as applicable.

SECTION 2.03. 
Requests for Borrowings.  To request a Revolving Borrowing or Term
Borrowing, the Borrower shall notify the Administrative Agent of such request
by telephone (a) in the case of a Eurodollar Borrowing, not later than 11:00
a.m., New York City time, three Business Days before the date of the proposed
Borrowing or (b) in the case of an ABR Borrowing, not later than 11:00 a.m.,
New York City time, one Business Day before the date of the proposed Borrowing.  Each such telephonic Borrowing Request shall
be irrevocable and shall be confirmed promptly by hand delivery or telecopy to
the Administrative Agent of a written Borrowing Request in a form approved by
the Administrative Agent and signed by the Borrower.  Each such telephonic and written Borrowing
Request shall specify the following information in compliance with Section
2.02:

(a)  whether the requested
Borrowing is to be a Revolving Borrowing, a Tranche A Term Borrowing or a
Tranche B Term Borrowing;

 29
 

(b)  the aggregate principal
amount of such Borrowing;

(c)  the date of such Borrowing,
which shall be a Business Day;

(d)  whether such Borrowing is to
be an ABR Borrowing or a Eurodollar Borrowing;

(e)  in the case of a Eurodollar
Borrowing, the initial Interest Period to be applicable thereto, which shall be
a period contemplated by the definition of the term “Interest Period”; and

(f)  the location and number of
the Borrower’s account to which funds are to be disbursed, which shall comply
with the requirements of Section 2.06.

If no election as to the Type of Borrowing is
specified, then the requested Borrowing shall be an ABR Borrowing.  If no Interest Period is specified with
respect to any requested Eurodollar Revolving Borrowing, then the Borrower
shall be deemed to have selected an Interest Period of one month’s
duration.  Promptly following receipt of
a Borrowing Request in accordance with this Section, the Administrative Agent
shall advise each Lender of the details thereof and of the principal amount of
such Lender’s Loan to be made as part of the requested Borrowing.

SECTION 2.04. 
Swingline Loans. 
(a)  Subject to the terms and
conditions set forth herein, the Swingline Lender agrees to make Swingline
Loans to the Borrower from time to time during the Revolving Availability
Period, in an aggregate principal amount at any time outstanding that will not
result in (i) the aggregate principal amount of outstanding Swingline Loans
exceeding $5,000,000 or (ii) the aggregate Revolving Exposures exceeding the
aggregate Revolving Commitments, provided that the Swingline Lender
shall not be required to make a Swingline Loan to refinance an outstanding
Swingline Loan.  Within the foregoing
limits and subject to the terms and conditions set forth herein, the Borrower
may borrow, prepay and reborrow Swingline Loans.

(b)  To request a Swingline
Loan, the Borrower shall notify the Administrative Agent of such request by
telephone (confirmed by telecopy), not later than 12:00 noon, New York City
time, on the day of such proposed Swingline Loan.  Each such notice shall be irrevocable and
shall specify the requested date (which shall be a Business Day) and amount of
the requested Swingline Loan.  The
Administrative Agent will promptly advise the Swingline Lender of any such
notice received from the Borrower.  The
Swingline Lender shall make each Swingline Loan available to the Borrower by
means of a credit to the general deposit account of the Borrower maintained
with the Swingline Lender by 3:00 p.m., New York City time, on the requested
date of such Swingline Loan.

(c)  The Swingline Lender
may by written notice given to the Administrative Agent not later than 12:00
noon, New York City time, on any Business Day require the Revolving Lenders to
acquire participations on such Business Day in all

 30

or a portion of the Swingline Loans outstanding.  Such notice shall specify the aggregate
amount of Swingline Loans in which Revolving Lenders will participate.  Promptly upon receipt of such notice, the
Administrative Agent will give notice thereof to each Revolving Lender,
specifying in such notice such Lender’s Applicable Percentage of such Swingline
Loan or Swingline Loans.  Each Revolving
Lender hereby absolutely and unconditionally agrees, upon receipt of notice as
provided above, to pay to the Administrative Agent, for the account of the
Swingline Lender, such Lender’s Applicable Percentage of such Swingline Loan or
Swingline Loans.  Each Revolving Lender
acknowledges and agrees that its obligation to acquire participations in
Swingline Loans pursuant to this paragraph is absolute and unconditional and
shall not be affected by any circumstance whatsoever, including the occurrence
and continuance of a Default or reduction or termination of the Commitments,
and that each such payment shall be made without any offset, abatement,
withholding or reduction whatsoever. 
Each Revolving Lender shall comply with its obligation under this
paragraph by wire transfer of immediately available funds, in the same manner
as provided in Section 2.06 with respect to Loans made by such Lender (and
Section 2.06 shall apply, mutatis  mutandis, to the payment
obligations of the Revolving Lenders), and the Administrative Agent shall
promptly pay to the Swingline Lender the amounts so received by it from the
Revolving Lenders.  The Administrative
Agent shall notify the Borrower of any participations in any Swingline Loan
acquired pursuant to this paragraph, and thereafter payments in respect of such
Swingline Loan shall be made to the Administrative Agent and not to the
Swingline Lender.  Any amounts received
by the Swingline Lender from the Borrower (or other party on behalf of the
Borrower) in respect of a Swingline Loan after receipt by the Swingline Lender
of the proceeds of a sale of participations therein shall be promptly remitted
to the Administrative Agent; any such amounts received by the Administrative
Agent shall be promptly remitted by the Administrative Agent to the Revolving
Lenders that shall have made their payments pursuant to this paragraph and to
the Swingline Lender, as their interests may appear; provided that any
such payment so remitted shall be repaid to the Swingline Lender or to the
Administrative Agent, as the case may be, if and to the extent such payment is
required to be refunded to the Borrower for any reason.  The purchase of participations in a Swingline
Loan pursuant to this paragraph shall not relieve the Borrower of any default
in the payment thereof.

SECTION 2.05. 
Letters of Credit. 
(a)  General.  Subject to the terms and conditions set forth
herein, the Borrower may request the issuance of Letters of Credit denominated
in US Dollars for its own account, in a form reasonably acceptable to the
Administrative Agent and the Issuing Bank, at any time and from time to time
during the Revolving Availability Period. 
In the event of any inconsistency between the terms and conditions of
this Agreement and the terms and conditions of any form of letter of credit
application or other agreement submitted by the Borrower to, or entered into by
the Borrower with, the Issuing Bank relating to any Letter of Credit, the terms
and conditions of this Agreement shall control.

(b)  Notice of Issuance,
Amendment, Renewal, Extension; Certain Conditions.  To request the issuance of a Letter of Credit
(or the amendment, renewal or extension of an outstanding Letter of Credit),
the Borrower shall hand deliver or telecopy 

 31
 

(or transmit by electronic communication, if arrangements for doing so
have been approved by the Issuing Bank) to the Issuing Bank and the
Administrative Agent (reasonably in advance of the requested date of issuance,
amendment, renewal or extension) a notice requesting the issuance of a Letter
of Credit, or identifying the Letter of Credit to be amended, renewed or
extended, and specifying the date of issuance, amendment, renewal or extension
(which shall be a Business Day), the date on which such Letter of Credit is to
expire (which shall comply with paragraph (c) of this Section), the amount
of such Letter of Credit, the name and address of the beneficiary thereof and
such other information as shall be necessary to prepare, amend, renew or extend
such Letter of Credit.  If requested by
the Issuing Bank, the Borrower also shall submit a letter of credit application
on the Issuing Bank’s standard form in connection with any request for a Letter
of Credit.  A Letter of Credit shall be
issued, amended, renewed or extended only if (and upon issuance, amendment,
renewal or extension of each Letter of Credit the Borrower shall be deemed to
represent and warrant that), after giving effect to such issuance, amendment,
renewal or extension, (i) the aggregate Revolving Exposures shall not exceed
the aggregate Revolving Commitments and (ii) the aggregate LC Exposure shall
not exceed $5,000,000.

(c)  Expiration Date.  Each Letter of Credit shall expire at or
prior to the close of business on the earlier of (i) the date that is one year
after the date of the issuance of such Letter of Credit (or, in the case of any
renewal or extension thereof, one year after such renewal or extension) and
(ii) the date that is five Business Days prior to the Revolving Maturity Date; provided
that any Letter of Credit may contain customary “evergreen” provisions pursuant
to which such Letter of Credit will, in the absence of a notice given by the
Issuing Bank, be automatically renewed (but in no event beyond the date that is
five Business Days prior to the Revolving Maturity Date) for successive
one-year periods.

(d)  Participations.  By the issuance of a Letter of Credit (or an
amendment to a Letter of Credit increasing the amount thereof) and without any
further action on the part of the Issuing Bank or the Lenders, the Issuing Bank
hereby grants to each Revolving Lender, and each Revolving Lender hereby
acquires from the Issuing Bank, a participation in such Letter of Credit equal
to such Lender’s Applicable Percentage of the aggregate amount available to be
drawn under such Letter of Credit.  In
consideration and in furtherance of the foregoing, each Revolving Lender hereby
absolutely and unconditionally agrees to pay to the Administrative Agent, for
the account of the Issuing Bank, such Lender’s Applicable Percentage of each LC
Disbursement made by the Issuing Bank and not reimbursed by the Borrower on the
date due as provided in paragraph (e) of this Section, or of any reimbursement
payment required to be refunded to the Borrower for any reason.  Each Revolving Lender acknowledges and agrees
that its obligation to acquire participations pursuant to this paragraph in
respect of Letters of Credit is absolute and unconditional and shall not be
affected by any circumstance whatsoever, including any amendment, renewal or
extension of any Letter of Credit or the occurrence and continuance of a
Default or reduction or termination of the Commitments, and that each such
payment shall be made without any offset, abatement, withholding or reduction
whatsoever.

 32
 

(e)  Reimbursement.  If the Issuing Bank shall make any LC
Disbursement in respect of a Letter of Credit, the Borrower shall reimburse
such LC Disbursement by paying to the Administrative Agent an amount equal to
such LC Disbursement not later than 12:00 noon, New York City time, on the date
that such LC Disbursement is made, if the Borrower shall have received notice
of such LC Disbursement prior to 10:00 a.m., New York City time, on such date,
or, if such notice has not been received by the Borrower prior to such time on
such date, then not later than 12:00 noon, New York City time, on (i) the
Business Day that the Borrower receives such notice, if such notice is received
prior to 10:00 a.m., New York City time, on the day of receipt, or (ii) the
Business Day immediately following the day that the Borrower receives such
notice, if such notice is not received prior to such time on the day of receipt.  If the Borrower fails to make such payment
when due, the Administrative Agent shall notify each Revolving Lender of the
applicable LC Disbursement, the payment then due from the Borrower in respect
thereof and such Lender’s Applicable Percentage thereof.  Promptly following receipt of such notice,
each Revolving Lender shall pay to the Administrative Agent its Applicable
Percentage of the payment then due from the Borrower, in the same manner as
provided in Section 2.06 with respect to Loans made by such Lender (and Section
2.06 shall apply, mutatis  mutandis, to the payment obligations of
the Revolving Lenders), and the Administrative Agent shall promptly pay to the
Issuing Bank the amounts so received by it from the Revolving Lenders.  Promptly following receipt by the
Administrative Agent of any payment from the Borrower pursuant to this
paragraph, the Administrative Agent shall distribute such payment to the
Issuing Bank or, to the extent that Revolving Lenders have made payments
pursuant to this paragraph to reimburse the Issuing Bank, then to such Lenders
and the Issuing Bank as their interests may appear.  Any payment made by a Revolving Lender
pursuant to this paragraph to reimburse the Issuing Bank for any LC
Disbursement shall not constitute a Loan and shall not relieve the Borrower of
its obligation to reimburse such LC Disbursement.

(f)  Obligations
Absolute.  The Borrower’s obligation
to reimburse LC Disbursements as provided in paragraph (e) of this Section
shall be absolute, unconditional and irrevocable, and shall be performed
strictly in accordance with the terms of this Agreement under any and all
circumstances whatsoever and irrespective of (i) any lack of validity or
enforceability of any Letter of Credit or this Agreement, or any 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 Issuing Bank under a Letter of Credit against presentation of a draft or
other document that does not comply with the terms of such Letter of Credit or
(iv) any other event or circumstance whatsoever, whether or not similar to any
of the foregoing, that might, but for the provisions of this Section,
constitute a legal or equitable discharge of, or provide a right of setoff
against, the Borrower’s obligations hereunder. 
None of the Administrative Agent, the Lenders, the Issuing Bank or any
of their Related Parties shall have any liability or responsibility by reason
of or in connection with the issuance or transfer of any Letter of Credit or
any payment or failure to make any payment thereunder (irrespective of any of
the circumstances referred to in the preceding sentence), or any error,
omission, interruption, loss or delay in transmission or delivery of any draft,
notice 

 33
 

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 other event or condition; provided
that the foregoing shall not be construed to excuse the Issuing Bank from
liability to the Borrower to the extent of any direct damages (as opposed to
consequential or punitive damages, claims in respect of which are hereby waived
by the Borrower to the extent permitted by applicable law) suffered by the
Borrower that are caused by the Issuing Bank’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 wilful misconduct on the part of the Issuing Bank (as finally
determined by a court of competent jurisdiction), the Issuing Bank 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 Issuing Bank may, in its sole
discretion, either accept and make payment upon such documents without
responsibility for 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, and any such acceptance or refusal shall be deemed not to
constitute gross negligence or wilful misconduct.

(g)  Disbursement
Procedures.  The Issuing Bank shall,
promptly following its receipt thereof, examine all documents purporting to
represent a demand for payment under a Letter of Credit.  The Issuing Bank shall promptly notify the
Administrative Agent and the Borrower by telephone (confirmed by telecopy) of
such demand for payment and whether the Issuing Bank has made or will make an
LC Disbursement thereunder; provided that any failure to give or delay
in giving such notice shall not relieve the Borrower of its obligation to
reimburse the Issuing Bank and the Revolving Lenders with respect to any such
LC Disbursement in accordance with paragraph (e) of this Section.

(h)  Interim Interest.  If the Issuing Bank shall make any LC
Disbursement, then, unless the Borrower shall reimburse such LC Disbursement in
full on the date such LC Disbursement is made, the unpaid amount thereof shall
bear interest, for each day from and including the date such LC Disbursement is
made to but excluding the date that the Borrower reimburses such LC
Disbursement, at the rate per annum then applicable to ABR Revolving Loans; provided
that, if the Borrower fails to reimburse such LC Disbursement when due pursuant
to paragraph (e) of this Section, then Section 2.13(c) shall apply.  Interest accrued pursuant to this paragraph
shall be for the account of the Issuing Bank, except that interest accrued on
and after the date of payment by any Revolving Lender pursuant to paragraph (e)
of this Section to reimburse the Issuing Bank shall be for the account of such
Lender to the extent of such payment.

(i)  Replacement of the
Issuing Bank.  The Issuing Bank may
be replaced at any time by written agreement among the Borrower, the
Administrative Agent, the replaced Issuing Bank and the successor Issuing
Bank.  The Administrative Agent shall 

 34
 

notify the Lenders of any such replacement of the Issuing Bank.  At the time any such replacement shall become
effective, the Borrower shall pay all unpaid fees accrued for the account of
the replaced Issuing Bank pursuant to Section 2.12(a).  From and after the effective date of any such
replacement, (i) the successor Issuing Bank shall have all the rights and
obligations of the Issuing Bank under this Agreement with respect to Letters of
Credit to be issued thereafter and (ii) references herein to the term “Issuing
Bank” shall be deemed to refer to such successor or to any previous Issuing
Bank, or to such successor and all previous Issuing Banks, as the context shall
require.  After the replacement of an
Issuing Bank hereunder, the replaced Issuing Bank shall remain a party hereto
and shall continue to have all the rights and obligations of an Issuing Bank
under this Agreement with respect to Letters of Credit issued by it prior to
such replacement, but shall not be required to issue additional Letters of
Credit.

(j)  Cash
Collateralization.  If any Event of
Default shall occur and be continuing, on the Business Day that the Borrower
receives notice from the Administrative Agent or the Required Lenders (or, if
the maturity of the Loans has been accelerated, Revolving Lenders with LC
Exposures representing greater than 50% of the LC Exposure) demanding the
deposit of cash collateral pursuant to this paragraph, the Borrower shall
deposit in an account with the Administrative Agent, in the name of the
Administrative Agent and for the benefit of the Lenders with LC Exposures, an
amount in cash equal to the LC Exposure as of such date plus any accrued and
unpaid interest thereon; provided that the obligation to deposit such
cash collateral shall become effective immediately, and such deposit shall
become immediately due and payable, without demand or other notice of any kind,
upon the occurrence of any Event of Default with respect to the Borrower
described in paragraph (h) or (i) of Article VII.  The Borrower also shall deposit cash
collateral pursuant to this paragraph as and to the extent required by Section
2.11.  Each such deposit shall be held by
the Administrative Agent as collateral for the payment and performance of the
obligations of the Borrower under this Agreement.  The Administrative Agent shall have exclusive
dominion and control, including the exclusive right of withdrawal, over such
account.  Other than any interest earned
on the investment of such deposits, which investments shall be made at the
option and sole discretion of the Administrative Agent and at the Borrower’s
risk and expense, such deposits shall not bear interest.  Interest or profits, if any, on such
investments shall accumulate in such account. 
Moneys in such account shall be applied by the Administrative Agent to
reimburse the Issuing Bank for LC Disbursements for which it has not been
reimbursed and, to the extent not so applied, shall be held for the satisfaction
of the reimbursement obligations of the Borrower for the LC Exposure at such
time or, if the maturity of the Loans has been accelerated (but subject to the
consent of Revolving Lenders with LC Exposures representing greater than 50% of
the LC Exposure), be applied to satisfy other obligations of the Borrower under
this Agreement.  If the Borrower is
required to provide an amount of cash collateral hereunder as a result of the
occurrence of an Event of Default, such amount (to the extent not applied as
aforesaid) shall be returned to the Borrower within three Business Days after
all Events of Default have been cured or waived.

 35
 

SECTION 2.06. 
Funding of Borrowings.  (a) 
Each Lender shall make each Loan to be made by it hereunder on the
proposed date thereof by wire transfer of immediately available funds by 3:00
p.m., New York City time, to the account of the Administrative Agent most
recently designated by it for such purpose by notice to the Lenders, provided
that Swingline Loans shall be made as provided in Section 2.04.  The Administrative Agent will make such Loans
available to the Borrower by promptly crediting the amounts so received, in
like funds, to an account of the Borrower maintained with the Administrative
Agent in New York City and designated by the Borrower in the applicable
Borrowing Request.

(b)  Unless the
Administrative Agent shall have received notice from a Lender prior to the
proposed date of any Borrowing that such Lender will not make available to the
Administrative Agent such Lender’s share of such Borrowing, the Administrative
Agent may assume that such Lender has made such share available on such date in
accordance with paragraph (a) of this Section and may, in reliance upon such
assumption, make available to the Borrower a corresponding amount.  In such event, if a Lender has not in fact
made its share of the applicable Borrowing available to the Administrative
Agent, then the applicable Lender and the Borrower severally agree to pay to
the Administrative Agent forthwith on demand such corresponding amount with interest
thereon, for each day from and including the date such amount is made available
to the Borrower to but excluding the date of payment to the Administrative
Agent, at (i) in the case of such Lender, the greater of the Federal Funds
Effective Rate and a rate determined by the Administrative Agent in accordance
with banking industry rules on interbank compensation or (ii) in the case of
the Borrower, the interest rate applicable to ABR Loans.  If such Lender pays such amount to the
Administrative Agent, then such amount shall constitute such Lender’s Loan
included in such Borrowing.

SECTION 2.07. 
Interest Elections.  (a) 
Each Revolving Borrowing and Term Borrowing initially shall be of the
Type specified in the applicable Borrowing Request or as contemplated by
Section 2.03 and, in the case of a Eurodollar Borrowing, shall have an initial
Interest Period as specified in such Borrowing Request or as contemplated by
Section 2.03.  Thereafter, the Borrower
may elect to convert such Borrowing to a different Type or to continue such
Borrowing and, in the case of a Eurodollar Borrowing, may elect Interest
Periods therefor, all as provided in this Section.  The Borrower may elect different options with
respect to different portions of the affected Borrowing, in which case each
such portion shall be allocated ratably among the Lenders holding the Loans
comprising such Borrowing, and the Loans comprising each such portion shall be
considered a separate Borrowing.  This
Section shall not apply to Swingline Borrowings, which may not be converted or
continued.

(b)  To make an election
pursuant to this Section, the Borrower shall notify the Administrative Agent of
such election by telephone by the time that a Borrowing Request would be
required under Section 2.03 if the Borrower were requesting a Revolving
Borrowing of the Type resulting from such election to be made on the effective
date of such election.  Each such
telephonic Interest Election Request shall be irrevocable and shall be
confirmed promptly by hand delivery or telecopy to the 

 36
 

Administrative Agent of a written Interest Election Request in a form
approved by the Administrative Agent and signed by the Borrower.

(c)  Each telephonic and
written Interest Election Request shall specify the following information in
compliance with Section 2.02:

(i) the Borrowing to which such Interest Election Request applies and,
if different options are being elected with respect to different portions
thereof, the portions thereof to be allocated to each resulting Borrowing (in
which case the information to be specified pursuant to clauses (iii) and (iv)
below shall be specified for each resulting Borrowing);

(ii) the effective date of the election made pursuant to such Interest
Election Request, which shall be a Business Day;

(iii) whether the resulting Borrowing is to be an ABR Borrowing or a
Eurodollar Borrowing; and

(iv) if the resulting Borrowing is a Eurodollar Borrowing, the Interest
Period to be applicable thereto after giving effect to such election, which
shall be a period contemplated by the definition of the term “Interest
Period”.

If any such Interest Election Request requests a
Eurodollar Borrowing but does not specify an Interest Period, then the Borrower
shall be deemed to have selected an Interest Period of one month’s duration.

(d)  Promptly following
receipt of an Interest Election Request, the Administrative Agent shall advise
each Lender of the details thereof and of such Lender’s portion of each
resulting Borrowing.

(e)  If the Borrower fails
to deliver a timely Interest Election Request with respect to a Eurodollar
Borrowing prior to the date that is three Business Days prior to the end of the
Interest Period applicable thereto, then, unless such Borrowing is repaid on or
prior to the end of such Interest Period as provided herein, at the end of such
Interest Period such Borrowing shall be converted to an ABR Borrowing.  Notwithstanding any contrary provision
hereof, if an Event of Default has occurred and is continuing and the
Administrative Agent, at the request of the Required Lenders, so notifies the
Borrower, then, so long as an Event of Default is continuing (i) no outstanding
Borrowing may be converted to or continued as a Eurodollar Borrowing and (ii)
unless repaid, each Eurodollar Borrowing shall be converted to an ABR Borrowing
at the end of the Interest Period applicable thereto.

SECTION 2.08. 
Termination and Reduction of Commitments; Increase of
Commitments.  (a)  
The Commitments shall terminate at 5:00 p.m., New York City time, on
March 31, 2007, if the Term Loans shall not have been made by such time.  Unless previously terminated, the Revolving
Commitments shall terminate on the Revolving Maturity Date.

 37
 

(b)  The Borrower may at
any time terminate, or from time to time reduce, the Commitments of any Class; provided
that (i) each reduction of the Commitments of any Class shall be in an amount
that is an integral multiple of $1,000,000 and not less than $5,000,000 and
(ii) the Borrower shall not terminate or reduce the Revolving Commitments if,
after giving effect to any concurrent prepayment of the Revolving Loans in
accordance with Section 2.11, the aggregate Revolving Exposures would exceed
the aggregate Revolving Commitments.

(c)  The Borrower shall
notify the Administrative Agent of any election to terminate or reduce the
Commitments under paragraph (b) of this Section at least three Business Days
prior to the effective date of such termination or reduction, specifying such
election and the effective date thereof. 
Promptly following receipt of any such notice, the Administrative Agent
shall advise the Lenders of the contents thereof.  Each notice delivered by the Borrower
pursuant to this Section shall be irrevocable; provided that a notice of
termination of the Revolving Commitments delivered by the Borrower may state
that such notice is conditioned upon the effectiveness of other credit
facilities, in which case such notice may be revoked by the Borrower (by notice
to the Administrative Agent on or prior to the specified effective date) if such
condition is not satisfied.  Any
termination or reduction of the Commitments of any Class shall be
permanent.  Each reduction of the
Commitments of any Class shall be made ratably among the Lenders in accordance
with their respective Commitments of such Class.

(d)  The Borrower may on
one or more occasions, by written notice to the Lenders through the
Administrative Agent, executed by the Borrower, the Administrative Agent and
one or more financial institutions (any such financial institution referred to
in this Section being called an “Augmenting Lender”), which may include
any Lender, cause Revolving Commitments to be made available by the Augmenting
Lenders (or cause the Revolving Commitments of the Augmenting Lenders to be
increased, as the case may be) in an amount for each Augmenting Lender set
forth in such notice; provided that (i) the aggregate amount of all such
increases to the Revolving Commitments pursuant to this Section shall not
exceed $25,000,000 and each such increase shall be in an amount of not less
than $5,000,000, (ii) each Augmenting Lender, if not already a Lender
hereunder, shall be subject to the approval of the Administrative Agent (which
approval shall not be unreasonably withheld), (iii) each Augmenting Lender, if
not already a Lender hereunder, shall become a party to this Agreement by
completing and delivering to the Administrative Agent a duly executed accession
agreement in a form satisfactory to the Administrative Agent and the Borrower
and (iv) no Lender shall have any obligation hereunder to become an Augmenting
Lender and any election to do so shall be in the sole discretion of each
Lender.  Any such notice shall set forth
the amount of the requested increase in the aggregate Revolving Commitments and
the date on which such increase is requested to become effective.  Increases and new Revolving Commitments
created pursuant to this Section 2.08(d) shall become effective on the date
specified in the notice delivered by the Borrower pursuant to the first
sentence of this Section 2.08(d). 
Notwithstanding the foregoing, no increase in the aggregate Revolving
Commitments (or in the Revolving Commitment of any Lender) shall become
effective under this Section 2.08(d) unless, (i) on the date of such increase,
the conditions set forth 

 38
 

in Sections 4.02(a) and 4.02(b) shall be satisfied (as though a
Borrowing were being made on such date) and the Administrative Agent shall have
received a certificate to that effect dated as of such date and executed by a
Responsible Officer of the Borrower and (ii) the Administrative Agent shall
have received (to the extent requested by the Administrative Agent reasonably
in advance of such date) documents consistent with those delivered under
Sections 4.01(b) and 4.01(c) as to the corporate power and authority of the
Borrower to borrow such increased amounts and as to the enforceability of this
Agreement after giving effect to such increase.

(e)  At the time that any
increase in the total Commitments pursuant to Section 2.08(d) (a “Commitment
Increase”) becomes effective, if any Loans are outstanding, the Borrower
shall prepay in accordance with Section 2.11 the aggregate principal amount of
all Loans outstanding (the “Initial Loans”); provided that (i) nothing
in this Section shall prevent the Borrower from funding the prepayment of
Initial Loans with concurrent Borrowings hereunder in accordance with the
provisions of this Agreement, giving effect to the Commitment Increase and (ii)
no such prepayment shall be required if, after giving effect to the Commitment
Increase, each Lender has the same Applicable Percentage as immediately prior
to such Commitment Increase.

(f)  At the time that any
Commitment Increase becomes effective, if any Letters of Credit issued
hereunder remain outstanding, each Lender’s participation in such Letters of
Credit will be adjusted in accordance with such Lender’s Applicable Percentage,
after giving effect to such Commitment Increase.

SECTION 2.09. 
Repayment of Loans; Evidence of Debt.  (a) 
The Borrower hereby unconditionally promises to pay (i) to the
Administrative Agent for the account of each Lender the then unpaid principal
amount of each Revolving Loan of such Lender on the Revolving Maturity Date,
(ii) to the Administrative Agent for the account of each Lender the then unpaid
principal amount of each Term Loan of such Lender as provided in Section 2.10
and (iii) to the Swingline Lender the then unpaid principal amount of each
Swingline Loan on the earlier of (A) the Revolving Maturity Date and (B) the
first date after such Swingline Loan is made that is the 15th or
last day of a calendar month and is at least two Business Days after such
Swingline Loan is made, provided that on each date that a Revolving
Borrowing is made, the Borrower shall repay all Swingline Loans that were
outstanding on the date such Borrowing was requested.

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

(c)  The Administrative
Agent shall maintain accounts in which it shall record (i) the amount of each
Loan made hereunder, the Class and Type thereof and the Interest Period
applicable thereto, (ii) the amount of any principal or interest due and
payable or to become due and payable from the Borrower to each Lender hereunder
and (iii) the amount of any sum received by the Administrative Agent hereunder
for the account of the Lenders and each Lender’s share thereof.

 39

(d)  The entries made in
the accounts maintained pursuant to paragraph (b) or (c) of this Section shall
be prima  facie evidence of the existence and amounts of the
obligations recorded therein; provided that the failure of any Lender or
the Administrative Agent to maintain such accounts or any error therein shall
not in any manner affect the obligation of the Borrower to repay the Loans and
pay interest thereon in accordance with the terms of this Agreement.

(e)  Any Lender may request
that Loans of any Class made by it be evidenced by a promissory note.  In such event, the Borrower shall prepare,
execute and deliver to such Lender a promissory note payable to the order of
such Lender (or, if requested by such Lender, to such Lender and its registered
assigns) and in a form approved by the Administrative Agent.

SECTION 2.10.  Amortization
of Term Loans.  (a)  
Subject to adjustment pursuant to paragraph (d) of this Section, the
Borrower shall repay the Tranche A Term Borrowings on each date set forth below
in the aggregate principal amount set forth opposite such date:

	
  Date

  	
   

  	
  Amount

  	
   

  
	
  June 30, 2007

  	
   

  	
  $

  	
  2,500,000.00

  	
   

  
	
  September 30,
  2007

  	
   

  	
  $

  	
  2,500,000.00

  	
   

  
	
  December 31,
  2007

  	
   

  	
  $

  	
  2,500,000.00

  	
   

  
	
  March 31, 2008

  	
   

  	
  $

  	
  2,500,000.00

  	
   

  
	
  June 30, 2008

  	
   

  	
  $

  	
  2,500,000.00

  	
   

  
	
  September 30,
  2008

  	
   

  	
  $

  	
  2,500,000.00

  	
   

  
	
  December 31,
  2008

  	
   

  	
  $

  	
  2,500,000.00

  	
   

  
	
  March 31, 2009

  	
   

  	
  $

  	
  2,500,000.00

  	
   

  
	
  June 30, 2009

  	
   

  	
  $

  	
  2,500,000.00

  	
   

  
	
  September 30,
  2009

  	
   

  	
  $

  	
  2,500,000.00

  	
   

  
	
  December 31,
  2009

  	
   

  	
  $

  	
  2,500,000.00

  	
   

  
	
  March 31, 2010

  	
   

  	
  $

  	
  2,500,000.00

  	
   

  
	
  June 30, 2010

  	
   

  	
  $

  	
  2,500,000.00

  	
   

  
	
  September 30,
  2010

  	
   

  	
  $

  	
  2,500,000.00

  	
   

  

 

 40
 

 

	
  December 31, 2010

  	
   

  	
  $

  	
  2,500,000.00

  	
   

  
	
  March 31, 2011

  	
   

  	
  $

  	
  2,500,000.00

  	
   

  
	
  June 30, 2011

  	
   

  	
  $

  	
  2,500,000.00

  	
   

  
	
  September 30,
  2011

  	
   

  	
  $

  	
  2,500,000.00

  	
   

  
	
  December 31, 2011

  	
   

  	
  $

  	
  2,500,000.00

  	
   

  
	
  Tranche A Maturity Date

  	
   

  	
  $

  	
  2,500,000.00

  	
   

  

 

(b)  Subject to adjustment pursuant to
paragraph (d) of this Section 2.10, the Borrower shall repay Tranche B Term
Borrowings on each date set forth below in the aggregate principal amount set
forth opposite such date:

	
  Date

  	
   

  	
  Amount

  	
   

  
	
  March 31, 2008

  	
   

  	
  $

  	
  7,500,000.00

  	
   

  
	
  March 31, 2009

  	
   

  	
  $

  	
  7,500,000.00

  	
   

  
	
  March 31, 2010

  	
   

  	
  $

  	
  7,500,000.00

  	
   

  
	
  March 31, 2011

  	
   

  	
  $

  	
  7,500,000.00

  	
   

  
	
  March 31, 2012

  	
   

  	
  $

  	
  7,500,000.00

  	
   

  
	
  Tranche B Maturity Date

  	
   

  	
  $

  	
  37,500,000.00

  	
   

  

 

(c)  To the extent not
previously paid, (i) all Tranche A Term Loans shall be due and payable on the
Tranche A Maturity Date and (ii) all Tranche B Term Loans shall be due and
payable on the Tranche B Maturity Date.

(d)  Any prepayment of a
Term Borrowing of either Class shall be applied to reduce the subsequent
scheduled repayments of the Term Borrowings of such Class to be made pursuant
to this Section ratably; provided that, with respect to any voluntary
prepayment of Term Borrowings, the Borrower may specify the manner in which
such voluntary prepayment shall be applied in the notice of such voluntary
prepayment.  If the initial aggregate
amount of the Lenders’ Tranche A Commitments or Tranche B Commitments exceeds
the aggregate principal amount of Tranche A Term Loans or Tranche B Term Loans,
respectively, that are made on the Effective Date, then the scheduled
repayments of Tranche A Term Borrowings and Tranche B Term Borrowings, as the
case may be, to be made pursuant to this Section shall be reduced ratably by an
aggregate amount equal to such excess.

 41
 

(e)  Prior to any repayment
of any Term Borrowings of either Class hereunder, the Borrower shall select the
Borrowing or Borrowings of the applicable Class to be repaid and shall notify
the Administrative Agent by telephone (confirmed by telecopy) of such election
not later than 12:00 noon., New York City time, three Business Days before the
scheduled date of such repayment.  Each
repayment of a Borrowing shall be applied ratably to the Loans included in the
repaid Borrowing.  Repayments of Term
Borrowings shall be accompanied by accrued interest on the amount repaid.

SECTION 2.11. 
Prepayment of Loans.  (a) 
The Borrower shall have the right at any time and from time to time to
prepay any Borrowing in whole or in part, subject to the requirements of this
Section and payment of any amounts required under Section 2.16.

(b)  In the event and on
such occasion that the aggregate Revolving Exposures exceed the aggregate
Revolving Commitments, the Borrower shall prepay Revolving Borrowings or
Swingline Borrowings (or, if no such Borrowings are outstanding, deposit cash
collateral in an account with the Administrative Agent pursuant to Section
2.05(j)) in an aggregate amount equal to such excess.

(c)  In the event and on
each occasion that (i) any Net Proceeds in respect of any Prepayment Event are
received by or on behalf of the Borrower or any Subsidiary, the Borrower shall,
within three Business Days after such Net Proceeds are received, (A) prepay
Term Borrowings, (B) after  the payment
in full of such Term Borrowings, prepay Revolving Borrowings and (C) after
repayment in full of such Revolving Borrowings, deposit cash collateral in an
account with the Administrative Agent pursuant to Section 2.05(j), in an amount
equal to the Prepayment Percentage of such Net Proceeds (or such lesser amount
as shall be required to repay in full all such Borrowings and fully cash
collateralize the LC Exposure); provided that, in the case of any event
described in paragraph (a) or (b) of the definition of the term “Prepayment
Event”, if the Borrower shall deliver to the Administrative Agent within
three Business Days after such Net Proceeds are received a certificate of a
Financial Officer stating its intention to apply the Net Proceeds from such
event (or a portion thereof specified in such certificate) within 180 days
after receipt of such Net Proceeds to acquire real property, equipment or other
tangible assets to be used in the business of the Borrower and the
Subsidiaries, and certifying that no Default has occurred and is continuing,
then no prepayment shall be required pursuant to this paragraph in respect of
the Net Proceeds from such event (or the portion of such Net Proceeds specified
in such certificate) except to the extent of any such Net Proceeds that have
not been so applied by the end of such 180-day period, at which time a
prepayment shall be required in an amount equal to such Net Proceeds that have
not been so applied; provided  further that the Borrower shall not
be permitted to make elections pursuant to the immediately preceding proviso
with respect to Net Proceeds in any fiscal year aggregating in excess of
$5,000,000.

(d)  Following the end of
each fiscal year of the Borrower, commencing with the fiscal year ending on
December 31, 2007, the Borrower shall (i) prepay Term Borrowings, (ii) after
the payment in full of such Term Borrowings, prepay Revolving Borrowings and
(iii) after repayment in full of such Revolving Borrowings, deposit cash 

 42
 

collateral in an account with the Administrative Agent pursuant to
Section 2.05(j), in an amount equal to 50% of the Excess Cash Flow for such
fiscal year (or such lesser amount as shall be required to repay in full all
such Borrowings and fully cash collateralize the LC Exposure) if the Leverage
Ratio at the end of such fiscal year shall have been greater than or equal to
1.00 to 1.00.  Each prepayment pursuant
to this paragraph shall be made on or before the date on which financial
statements are delivered pursuant to Section 5.01 with respect to the fiscal
year for which Excess Cash Flow is being calculated (and in any event within 90
days after the end of such fiscal year).

(e)  In the event any
mandatory prepayment of Term Borrowings is made at a time when Term Borrowings
of more than one class remain outstanding, the aggregate amount of such
prepayment shall be allocated between the Tranche A Term Borrowings and Tranche
B Term Borrowings pro rata based on the aggregate
principal amount of outstanding Borrowings of each such Class; provided
that, so long as and to the extent that any Tranche A Term Borrowings remain
outstanding, any Tranche B Lender may elect, by notice to the Administrative
Agent by telephone (confirmed by telecopy) at least one Business Day prior to
the prepayment date, to decline all or any portion of any prepayment of its
Tranche B Term Loan pursuant to this Section (other than an optional prepayment
pursuant to paragraph (a) of this Section, which may not be declined), in which
case (i) the aggregate amount of the prepayment so declined shall be offered to
the Tranche B Lenders that shall have accepted such prepayment and applied to
the Tranche B Term Loans of any such Lenders that accept such amount, pro rata based on the aggregate principal amounts of their
outstanding Tranche B Term Loans, and (ii) any amount not accepted by such
Tranche B Lenders shall be applied to prepay Tranche A Term Borrowings.

(f)  Prior to any
prepayment of Borrowings of any Class hereunder, the Borrower shall select the
Borrowing or Borrowings of such Class to be prepaid and shall specify such
selection in the notice of such prepayment pursuant to this paragraph.  The Borrower shall notify the Administrative
Agent (and, in the case of prepayment of a Swingline Loan, the Swingline
Lender) by telephone (confirmed by telecopy) of any prepayment hereunder (i) in
the case of a prepayment of a Eurodollar Borrowing, not later than 11:00 a.m.,
New York City time, three Business Days before the date of prepayment, (ii) in
the case of prepayment of an ABR Borrowing, not later than 11:00 a.m., New York
City time, one Business Day before the date of prepayment or (iii) in the case
of prepayment of a Swingline Loan, not later than 12:00 noon, New York City
time, on the date of prepayment.  Each
such notice shall be irrevocable and shall specify the prepayment date, the
principal amount of each Borrowing or portion thereof to be prepaid and, in the
case of a mandatory prepayment, a reasonably detailed calculation of the amount
of such prepayment; provided, that if a notice of optional prepayment is
given in connection with a conditional notice of termination of the Revolving
Commitments as contemplated by Section 2.08, then such notice of prepayment may
be revoked if such notice of termination is revoked in accordance with Section
2.08.  Promptly following receipt of any
such notice (other than a notice relating solely to Swingline Loans), the
Administrative Agent shall advise the Lenders of the contents thereof.  Each partial prepayment of any Borrowing
shall be in an amount that would be permitted in the case 

 43
 

of an advance of a Borrowing of the same Type as provided in Section
2.02, except as necessary to apply fully the required amount of a mandatory
prepayment or to prepay such Borrowings in full.  Each prepayment of a Borrowing shall be
applied ratably to the Loans included in the prepaid Borrowing.  Prepayments shall be accompanied by accrued
interest and other amounts to the extent required by Sections 2.13 and 2.16 and
paragraph (g) of this Section.

(g)  Any prepayment of
Tranche B Term Loans effected on or prior to the first anniversary of the
Effective Date with the proceeds of a substantially concurrent issuance or
incurrence of Indebtedness under any credit or note facility (including any
replacement term loan facility effected pursuant to an amendment of this
Agreement) will be accompanied by a prepayment fee equal to 1.00% of the
aggregate principal amount of such prepayment if the Applicable Rate or similar
interest rate spread applicable to such Indebtedness is, or upon satisfaction
of any conditions could at any time be, less than the Applicable Rate that
would apply to the Tranche B Term Loans (based on the definition of Applicable
Rate as in effect on the Effective Date). 
Such fee shall be paid by the Borrower to the Administrative Agent, for
the accounts of the Tranche B Lenders, on the date of such prepayment.

SECTION 2.12. 
Fees.  (a) 
The Borrower agrees to pay to the Administrative Agent for the account
of each Lender a commitment fee, which shall accrue at the Applicable Rate on
the daily unused amount of the Revolving Commitment of such Lender during the
period from and including the Closing Date to but excluding the date on which
such Commitment terminates.  Accrued
commitment fees shall be payable in arrears on the last day of March, June,
September and December of each year and on the date on which the Revolving
Commitments terminate, commencing on the first such date to occur after the
date hereof.  All commitment fees shall
be computed on the basis of a year of 360 days and shall be payable for the
actual number of days elapsed (including the first day but excluding the last
day).  For purposes of computing commitment
fees, the Revolving Commitment of each Lender shall be deemed to be used to the
extent of the outstanding Revolving Loans and LC Exposure of such Lender (and
the Swingline Exposure of such Lender shall be disregarded for such purpose).

(b)  The Borrower agrees to
pay (i) to the Administrative Agent for the account of each Revolving Lender a
participation fee with respect to its participations in Letters of Credit,
which shall accrue at any time at the Applicable Rate used at such time to
determine the interest rate applicable to Eurodollar Revolving Loans on the
daily amount of such Lender’s LC Exposure (excluding any portion thereof
attributable to unreimbursed LC Disbursements) during the period from and
including the Closing Date to but excluding the later of the date on which such
Lender’s Revolving Commitment terminates and the date on which such Lender
ceases to have any LC Exposure and (ii) to the Issuing Bank a fronting fee,
which shall accrue at a rate equal to 0.250% per annum on the daily amount of
the LC Exposure (excluding any portion thereof attributable to unreimbursed LC
Disbursements) during the period from and including the Closing Date to but
excluding the later of the date of termination of the Revolving Commitments and
the date on which there ceases to be any LC Exposure, as well as the Issuing
Bank’s 

 44
 

standard fees with respect to the issuance, amendment, renewal or
extension of any Letter of Credit or processing of drawings thereunder.  Participation fees and fronting fees accrued
through and including the last day of March, June, September and December of
each year shall be payable on the third Business Day following such last day,
commencing on the first such date to occur after the Effective Date; provided
that all such fees shall be payable on the date on which the Revolving
Commitments terminate and any such fees accruing after the date on which the
Revolving Commitments terminate shall be payable on demand.  Any other fees payable to the Issuing Bank
pursuant to this paragraph shall be payable within 10 days after demand.  All participation fees and fronting fees
shall be computed on the basis of a year of 360 days and shall be payable for
the actual number of days elapsed (including the first day but excluding the
last day).

(c)  The Borrower agrees to
pay to the Administrative Agent, for its own account, fees payable in the
amounts and at the times separately agreed upon between the Borrower and the
Administrative Agent.

(d)  All fees payable
hereunder shall be paid on the dates due, in immediately available funds, to
the Administrative Agent (or to the Issuing Bank, in the case of fees payable
to it) for distribution, in the case of commitment fees and participation fees,
to the Lenders entitled thereto.  Fees
paid shall not be refundable under any circumstances.

SECTION 2.13. 
Interest.  (a) 
The Loans comprising each ABR Borrowing (including each Swingline Loan)
shall bear interest at the Alternate Base Rate plus the Applicable Rate.

(b)  The Loans comprising
each Eurodollar Borrowing shall bear interest at the Adjusted LIBO Rate for the
Interest Period in effect for such Borrowing plus the Applicable Rate.

(c)  Notwithstanding the
foregoing, if any principal of or interest on any Loan or any fee or other
amount payable by the Borrower hereunder is not paid when due, whether at
stated maturity, upon acceleration or otherwise, such overdue amount shall bear
interest, after as well as before judgment, at a rate per annum equal to (i) in
the case of overdue principal of any Loan, 2.00% per annum plus the rate
otherwise applicable to such Loan as provided in the preceding paragraphs of
this Section or (ii) in the case of any other amount, 2.00% per annum plus
the rate applicable to ABR Revolving Loans as provided in paragraph (a) of this
Section.

(d)  Accrued interest on each
Loan shall be payable in arrears on each Interest Payment Date for such Loan
and, in the case of Revolving Loans, upon termination of the Revolving
Commitments; provided that (i) interest accrued pursuant to paragraph
(c) of this Section shall be payable on demand, (ii) in the event of any
repayment or prepayment of any Loan (other than a prepayment of an ABR
Revolving Loan prior to the end of the Revolving Availability Period), accrued
interest on the principal amount repaid or prepaid shall be payable on the date
of such repayment or 

 45
 

prepayment and (iii) in the event of any conversion of any Eurodollar
Loan prior to the end of the current Interest Period therefor, accrued interest
on such Loan shall be payable on the effective date of such conversion.

(e)  All interest hereunder
shall be computed on the basis of a year of 360 days, except that interest
computed by reference to the Alternate Base Rate at times when the Alternate
Base Rate is based on the Prime Rate shall be computed on the basis of a year
of 365 days (or 366 days in a leap year), and in each case shall be payable for
the actual number of days elapsed (including the first day but excluding the
last day).  The applicable Alternate Base
Rate or Adjusted LIBO Rate shall be determined by the Administrative Agent, and
such determination shall be conclusive absent manifest error.

SECTION 2.14. 
Alternate Rate of Interest.  If prior to the commencement of any Interest
Period for a Eurodollar Borrowing:

(a)  the Administrative Agent
determines (which determination shall be conclusive absent manifest error) that
adequate and reasonable means do not exist for ascertaining the Adjusted LIBO
Rate for such Interest Period; or

(b)  the Administrative Agent is
advised by the Required Lenders that the Adjusted LIBO Rate for such Interest
Period will not adequately and fairly reflect the cost to such Lenders of
making or maintaining their Loans included in such Borrowing for such Interest
Period;

then the Administrative Agent shall give notice
thereof to the Borrower and the Lenders by telephone or telecopy as promptly as
practicable thereafter and, until the Administrative Agent notifies the
Borrower and the Lenders that the circumstances giving rise to such notice no
longer exist, (i) any Interest Election Request that requests the conversion of
any Borrowing to, or continuation of any Borrowing as, a Eurodollar Borrowing
shall be ineffective and (ii) if any Borrowing Request requests a Eurodollar
Borrowing, such Borrowing shall be made as an ABR Borrowing.

SECTION 2.15. 
Increased Costs. 
(a)  If any Change in Law shall:

(i) impose, modify or deem applicable any reserve, special deposit,
compulsory loan, insurance charge or similar requirement against assets of,
deposits with or for the account of, or credit extended by, any Lender (except
any such reserve requirement reflected in the Adjusted LIBO Rate) or the
Issuing Bank; or

(ii) impose on any Lender or the Issuing Bank or the London interbank
market any other condition, cost or expense affecting this Agreement or
Eurodollar Loans made by such Lender or any Letter of Credit or participation
therein;

and the result of any of the foregoing shall be to
increase the cost to such Lender of making or maintaining any Eurodollar Loan
(or of maintaining its obligation to make any 

 46
 

such Loan) or to increase the cost to such Lender or
the Issuing Bank of participating in, issuing or maintaining any Letter of
Credit or to reduce the amount of any sum received or receivable by such Lender
or the Issuing Bank hereunder (whether of principal, interest or otherwise),
then the Borrower will pay to such Lender or the Issuing Bank, as the case may
be, such additional amount or amounts as will compensate such Lender or the
Issuing Bank, as the case may be, for such additional costs incurred or
reduction suffered.

(b)  If any Lender or the
Issuing Bank determines that any Change in Law regarding capital requirements
has or would have the effect of reducing the rate of return on such Lender’s or
the Issuing Bank’s capital or on the capital of such Lender’s or the Issuing
Bank’s holding company, if any, as a consequence of this Agreement or the Loans
made by, or participations in Letters of Credit held by, such Lender, or the
Letters of Credit issued by the Issuing Bank, to a level below that which such
Lender or the Issuing Bank or such Lender’s or the Issuing Bank’s holding
company could have achieved but for such Change in Law (taking into
consideration such Lender’s or the Issuing Bank’s policies and the policies of
such Lender’s or the Issuing Bank’s holding company with respect to capital
adequacy), then from time to time the Borrower will pay to such Lender or the
Issuing Bank, as the case may be, such additional amount or amounts as will
compensate such Lender or the Issuing Bank or such Lender’s or the Issuing Bank’s
holding company for any such reduction suffered.

(c)  A certificate of a
Lender or the Issuing Bank setting forth the amount or amounts necessary to
compensate such Lender or the Issuing Bank or its holding company, as the case
may be, as specified in paragraph (a) or (b) of this Section shall be
delivered to the Borrower and shall be conclusive absent manifest error.  The Borrower shall pay such Lender or the
Issuing Bank, as the case may be, the amount shown as due on any such
certificate within 10 days after receipt thereof.

(d)  Failure or delay on
the part of any Lender or the Issuing Bank to demand compensation pursuant to
this Section shall not constitute a waiver of such Lender’s or the Issuing Bank’s
right to demand such compensation; provided that the Borrower shall not
be required to compensate a Lender or the Issuing Bank pursuant to this Section
for any increased costs or reductions incurred more than 270 days prior to the
date that such Lender or the Issuing Bank, as the case may be, notifies the
Borrower of the Change in Law giving rise to such increased costs or reductions
and of such Lender’s or the Issuing Bank’s intention to claim compensation
therefor; provided  further that, if the Change in Law giving rise
to such increased costs or reductions is retroactive, then the 270-day period
referred to above shall be extended to include the period of retroactive effect
thereof.

SECTION 2.16. 
Break Funding Payments.  In the event of (a) the payment of any principal
of any Eurodollar Loan other than on the last day of an Interest Period
applicable thereto (including as a result of an Event of Default), (b) the
conversion of any Eurodollar Loan other than on the last day of the Interest
Period applicable thereto, (c) the failure to borrow, convert, continue or
prepay any Revolving Loan or Term Loan on the date specified in any notice
delivered pursuant hereto (regardless of whether such 

 47
 

notice may be revoked under Section 2.11(f) and is revoked in
accordance therewith) or (d) the assignment of any Eurodollar Loan other
than on the last day of the Interest Period applicable thereto as a result of a
request by the Borrower pursuant to Section 2.19, then, in any such event,
the Borrower shall compensate each Lender for the loss, cost and expense
attributable to such event.  In the case
of a Eurodollar Loan, such loss, cost or expense to any Lender shall be deemed
to include an amount determined by such Lender to be the excess, if any, of (i)
the amount of interest which would have accrued on the principal amount of such
Loan had such event not occurred, at the Adjusted LIBO Rate that would have
been applicable to such Loan, for the period from the date of such event to the
last day of the then current Interest Period therefor (or, in the case of a
failure to borrow, convert or continue, for the period that would have been the
Interest Period for such Loan) over (ii) the amount of interest which would
accrue on such principal amount for such period at the interest rate which such
Lender would bid were it to bid, at the commencement of such period, for dollar
deposits of a comparable amount and period from other banks in the eurodollar
market.  A certificate of any Lender
setting forth any amount or amounts that such Lender is entitled to receive
pursuant to this Section shall be delivered to the Borrower and shall be
conclusive absent manifest error.  The
Borrower shall pay such Lender the amount shown as due on any such certificate
within 10 days after receipt thereof.

SECTION 2.17. 
Taxes.
(a)  Any and all payments by or on
account of any obligation of any Loan Party hereunder or under any other Loan
Document shall be made free and clear of and without deduction for any
Indemnified Taxes or Other Taxes; provided that if the Borrower shall be
required to deduct any Indemnified Taxes or Other Taxes from such payments,
then (i) the sum payable shall be increased as necessary so that after making
all required deductions (including deductions applicable to additional sums payable
under this Section) the Administrative Agent, Lender or Issuing Bank (as the
case may be) receives an amount equal to the sum it would have received had no
such deductions been made, (ii) the Borrower shall make such deductions and
(iii) the Borrower shall pay the full amount deducted to the relevant
Governmental Authority in accordance with applicable law.

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

(c)  The Borrower shall
indemnify the Administrative Agent, each Lender and the Issuing Bank, within 10
days after written demand therefor, for the full amount of any Indemnified
Taxes or Other Taxes paid by the Administrative Agent, such Lender or the
Issuing Bank, as the case may be, on or with respect to any payment by or on
account of any obligation of the Borrower hereunder or under any other Loan
Document (including Indemnified Taxes or Other Taxes imposed or asserted on or
attributable to amounts payable under this Section) and any penalties, interest
and reasonable expenses arising therefrom or with respect thereto, whether or
not such Indemnified Taxes or Other Taxes were correctly or legally imposed or
asserted by the relevant Governmental Authority.  A certificate as to the amount of such
payment or liability delivered to the

 48

Borrower by a Lender or the Issuing Bank, or by the Administrative
Agent on its own behalf or on behalf of a Lender or the Issuing Bank, shall be
conclusive absent manifest error.

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

(e)  Any Foreign Lender
that is entitled to an exemption from or reduction of withholding tax under the
laws of the United States of America, or any treaty to which the United States
of America is a party, with respect to payments under this Agreement shall
deliver to the Borrower (with a copy to the Administrative Agent), at the time
or times prescribed by US law, such properly completed and executed
documentation prescribed by US law or reasonably requested by the Borrower as
will permit such payments to be made without withholding or at a reduced
rate.  The Borrower agrees to take, and
to cause all Subsidiaries to take, all actions required in order for all
exemptions from withholding taxes available to any Foreign Lender to be
effective.

(f)  If the Administrative
Agent, a Lender or the Issuing Bank determines, in its reasonable judgment,
that it has received a refund of any Taxes or Other Taxes as to which it has been
indemnified by the Borrower or with respect to which the Borrower has paid
additional amounts pursuant to this Section 2.17, it shall pay over such refund
to the Borrower within a reasonable period of time (but only to the extent of
indemnity payments made, or additional amount paid, by the Borrower under this
Section 2.17 with respect to the Taxes or Other Taxes giving rise to such
refund), net of all out-of-pocket expenses of the Administrative Agent, such
Lender or the Issuing Bank and without interest (other than any interest paid
by the relevant Governmental Authority with respect to such refund); provided,
that the Borrower, upon request of the Administrative Agent, such Lender or the
Issuing Bank, agrees to repay the amount paid over to the Borrower (plus any
penalties, interest or other charges imposed by the relevant Governmental
Authority) to the Administrative Agent, such Lender or the Issuing Bank in the
event the Administrative Agent, such Lender or the Issuing Bank is required to
repay such refund to such Governmental Authority.  This Section 2.17 shall not be construed to
require the Administrative Agent, any Lender or the Issuing Bank to make
available its tax returns (or any other information relating to its Taxes that
it deems confidential) to the Borrower or any other Person.

SECTION 2.18. 
Payments Generally; Pro Rata Treatment; Sharing of
Set-offs.  (a) 
The Borrower shall make each payment required to be made by it hereunder
or under any other Loan Document (whether of principal, interest, fees or
reimbursement of LC Disbursements, or of amounts payable under Section 2.15,
2.16 or 2.17, or otherwise) prior to the time expressly required hereunder or
under such other Loan Document for such payment (or, if no such time is
expressly required, prior to 12:00 noon, New York City time), on the date when
due, in immediately available funds, without set-off or 

 49
 

counterclaim.  Any amounts
received after such time on any date may, in the discretion of the
Administrative Agent, be deemed to have been received on the next succeeding
Business Day for purposes of calculating interest thereon.  All such payments shall be made to the
Administrative Agent to such account as the Administrative Agent shall from
time to time specify in a notice delivered to the Borrower, except payments to
be made directly to the Issuing Bank or Swingline Lender as expressly provided
herein and except that payments pursuant to Sections 2.15, 2.16, 2.17 and 9.03
shall be made directly to the Persons entitled thereto and payments pursuant to
other Loan Documents shall be made to the Persons specified therein.  The Administrative Agent shall distribute any
such payments received by it for the account of any other Person to the
appropriate recipient promptly following receipt thereof.  If any payment under any Loan Document shall
be due on a day that is not a Business Day, the date for payment shall be
extended to the next succeeding Business Day, and, in the case of any payment
accruing interest, interest thereon shall be payable for the period of such
extension.  All payments under each Loan
Document shall be made in dollars.

(b)  If at any time
insufficient funds are received by and available to the Administrative Agent to
pay fully all amounts of principal, unreimbursed LC Disbursements, interest and
fees then due hereunder, such funds shall be applied (i) first, towards
payment of interest and fees then due hereunder, ratably among the parties
entitled thereto in accordance with the amounts of interest and fees then due
to such parties and (ii) second, towards payment of principal and
unreimbursed LC Disbursements then due hereunder, ratably among the parties
entitled thereto in accordance with the amounts of principal and unreimbursed
LC Disbursements then due to such parties.

(c)  If any Lender shall,
by exercising any right of set-off or counterclaim or otherwise, obtain
payment in respect of any principal of or interest on any of its Revolving
Loans, Term Loans or participations in LC Disbursements or Swingline Loans
resulting in such Lender receiving payment of a greater proportion of the
aggregate amount of its Revolving Loans, Term Loans and participations in LC
Disbursements and Swingline Loans and accrued interest thereon than the
proportion received by any other Lender, then the Lender receiving such greater
proportion shall purchase (for cash at face value) participations in the
Revolving Loans, Term Loans and participations in LC Disbursements and
Swingline Loans of other Lenders to the extent necessary so that the benefit of
all such payments shall be shared by the Lenders ratably in accordance with the
aggregate amount of principal of and accrued interest on their respective
Revolving Loans, Term Loans and participations in LC Disbursements and
Swingline Loans; provided that (i) if any such participations are
purchased and all or any portion of the payment giving rise thereto is
recovered, such participations shall be rescinded and the purchase price
restored to the extent of such recovery, without interest, and (ii) the
provisions of this paragraph shall not be construed to apply to any payment
made by the Borrower pursuant to and in accordance with the express terms of
this Agreement or any payment obtained by a Lender as consideration for the
assignment of or sale of a participation in any of its Loans or participations
in LC Disbursements to any assignee or participant, other than to the Borrower
or any Subsidiary or other Affiliate of the 

 50
 

Borrower (as to which the provisions of this paragraph shall
apply).  The Borrower consents to the
foregoing and agrees, to the extent it may effectively do so under applicable
law, that any Lender acquiring a participation pursuant to the foregoing
arrangements may exercise against the Borrower rights of set-off and
counterclaim with respect to such participation as fully as if such Lender were
a direct creditor of the Borrower in the amount of such participation.

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

(e)  If any Lender shall
fail to make any payment required to be made by it pursuant to Section 2.04(c),
2.05(d) or (e), 2.06(a) or (b), 2.18(d) or 9.03(c), then the Administrative
Agent may, in its discretion (notwithstanding any contrary provision hereof),
apply any amounts thereafter received by the Administrative Agent for the
account of such Lender to satisfy such Lender’s obligations under such Sections
until all such unsatisfied obligations are fully paid.

SECTION 2.19. 
Mitigation Obligations; Replacement of Lenders.  (a)  If
any Lender requests compensation under Section 2.15, or if the Borrower is
required to pay any additional amount to any Lender or any Governmental
Authority for the account of any Lender pursuant to Section 2.17, then such
Lender shall use reasonable efforts to designate a different lending office for
funding or booking its Loans hereunder or to assign its rights and obligations
hereunder to another of its offices, branches or affiliates, if, in the
judgment of such Lender, such designation or assignment (i) would eliminate or
reduce amounts payable pursuant to Section 2.15 or 2.17, as the case may be, in
the future and (ii) would not subject such Lender to any unreimbursed cost or
expense and would not be inconsistent with its internal policies or otherwise
be disadvantageous to such Lender.  The
Borrower hereby agrees to pay all reasonable costs and expenses incurred by any
Lender in connection with any such designation or assignment.

(b)  If (i) any Lender
requests compensation under Section 2.15, (ii) the Borrower is required to pay
any additional amount to any Lender or any Governmental Authority for the
account of any Lender pursuant to Section 2.17 or (iii) any Lender defaults in
its obligation to fund Loans hereunder, then the Borrower may, at its sole
expense and effort, upon notice to such Lender and the Administrative Agent,
require 

 51
 

such Lender to assign and delegate, without recourse (in accordance
with and subject to the restrictions contained in Section 9.04), all its
interests, rights and obligations under this Agreement to an assignee that
shall assume such obligations (which assignee may be another Lender, if a
Lender accepts such assignment); provided that (i) the Borrower shall
have received the prior written consent of the Administrative Agent (and, if a
Revolving Commitment is being assigned, the Issuing Bank and Swingline Lender),
which consent shall not unreasonably be withheld, (ii) such Lender shall have
received payment of an amount equal to the outstanding principal of its Loans
and participations in LC Disbursements and Swingline Loans, accrued interest
thereon, accrued fees and all other amounts payable to it hereunder, from the
assignee (to the extent of such outstanding principal and accrued interest and
fees) or the Borrower (in the case of all other amounts), (iii) the Borrower or
such assignee shall have paid to the Administrative Agent the processing and
recordation fee specified in Section 9.04(b) and (iv) in the case of any such
assignment resulting from a claim for compensation under Section 2.15 or
payments required to be made pursuant to Section 2.17, such assignment will
result in a reduction in such compensation or payments.  A Lender shall not be required to make any
such assignment and delegation if, prior thereto, as a result of a waiver by
such Lender or otherwise (including as a result of any action taken by such
Lender under paragraph (a) above) the circumstances entitling the Borrower to
require such assignment and delegation cease to apply.

ARTICLE
III

Representations
and Warranties

The Borrower represents and warrants to the Lenders as
follows:

SECTION 3.01. 
Organization; Powers.  Each of the Borrower and the Subsidiaries is
duly organized, validly existing and in good standing under the laws of the
jurisdiction of its organization, has all requisite power and authority to
carry on its business as now conducted and as proposed to be conducted, to
execute, deliver and perform its obligations under each Loan Document to which
it is a party, and, except where the failure to do so, individually or in the
aggregate, could not reasonably be expected to result in a Material Adverse
Effect, is qualified to do business in, and is in good standing in, every
jurisdiction where such qualification is required.

SECTION 3.02. 
Authorization; Enforceability.  The Transactions to be entered into by each
Loan Party are within such Loan Party’s corporate or other organizational
powers and have been duly authorized by all necessary corporate or other action
and, if required, stockholder or other equity holder action.  This Agreement has been duly executed and
delivered by the Borrower and constitutes, and each other Loan Document to
which any Loan Party is to be a party, when executed and delivered by such Loan
Party, will constitute, a legal, valid and binding obligation of the Borrower
or such Loan Party, as the case may be, enforceable in accordance with its
terms, subject to applicable bankruptcy, insolvency, reorganization, moratorium
or other laws affecting creditors’ rights generally and subject to general
principles of equity, regardless of whether considered in a proceeding in
equity or at law.

 52
 

SECTION 3.03. 
Governmental Approvals; No Conflicts.  The Transactions (a) do not require any
consent or approval of, registration or filing with, or any other action by,
any Governmental Authority or Supervisory Organization, except such as have
been obtained or made and are in full force and effect and except filings
necessary to perfect Liens created under the Loan Documents, (b) will not
violate any material Requirement of Law applicable to the Borrower or any
Subsidiary, (c) will not violate or result in a default under any material
indenture, agreement or other instrument binding upon the Borrower or any
Subsidiary or their respective assets, or give rise to a right thereunder to
require any payment to be made by the Borrower or any Subsidiary or give rise
to a right of, or result in, termination, cancelation or acceleration of any
obligation thereunder and (d) will not result in the creation or imposition of
any Lien on any asset of the Borrower or any Subsidiary, except Liens created
under the Loan Documents.

SECTION 3.04. 
Financial Condition; No Material Adverse Effects.  (a) 
The Borrower has heretofore furnished to the Lenders its consolidated
balance sheets and statements of income, shareholders equity and cash flows (i)
as of and for the fiscal years ended December 31, 2003, 2004 and 2005, reported
on by KPMG LLP, independent public accountants and (ii) as of and for the fiscal
quarter and the portion of the fiscal year ended September 30, 2006, certified
by its chief financial officer.  Such
financial statements present fairly, in all material respects, the financial
position and results of operations and cash flows of the Borrower and the
Subsidiaries as of such dates and for such periods in accordance with GAAP,
subject to year end audit adjustments and the absence of footnotes in the case
of the financial statements referred to in clause (ii) above.

(b)  The Borrower has
heretofore furnished to the Lenders a pro forma
consolidated balance sheet and related pro forma
consolidated statements of income and cash flows of the Borrower as of and for
the four fiscal quarter period ended September 30, 2006, prepared after giving effect
to the Acquisition and the other Transactions that are to occur on or prior to
the Effective Date.  Such pro forma
financial statements (i) have been prepared in good faith based on information
available to the Borrower and the same assumptions used to prepare the pro
forma financial statements included in the Information Memorandum (which
assumptions are believed by the Borrower to be reasonable), (ii) accurately
reflect all adjustments necessary to give effect to the Transactions that are
to occur on or prior to the Effective Date in accordance with the requirements
of GAAP and Article XI of Regulation S-X under the Securities Act of 1933, as
amended, as interpreted by the Staff of the Securities and Exchange Commission
and (iii) present fairly, in all material respects, the pro forma financial
position and results of operations of the Borrower and the Subsidiaries as of
and for the four fiscal quarter period ended September 30, 2006, as if the
Transactions that are to occur on or prior to the Effective Date had occurred
on such date or at the beginning of such period.

(c)  Except as disclosed in
the financial statements referred to above or the notes thereto or in the
Information Memorandum and except for the Disclosed Matters, after giving
effect to the Transactions, none of the Borrower or the Subsidiaries has, as of

 53
 

the Effective Date, any material direct or contingent liabilities,
unusual long-term commitments or unrealized losses.

(d)  Since December 31,
2005, there has been no event, condition or circumstance that constitutes, or
could reasonably be expected to result in, a Parent Material Adverse Effect or
a Company Material Adverse Effect.

(e)  Since December 31,
2005, there has been no event, condition or circumstance that constitutes, or
could reasonably be expected to result in, a Material Adverse Effect; provided,
that, notwithstanding the preceding sentence or any other provision of this
Agreement, the representation and warranty contained in this paragraph (e) will
not be deemed to have been made until the day immediately following the
Effective Date, and no Default will be deemed to exist as a result of the
incorrectness of such representation and warranty prior to the day immediately
following the Effective Date.

SECTION 3.05. 
Properties; Intellectual Property; Liens.  (a) 
The Borrower and each of the Subsidiaries has good title to, or valid
leasehold interests in, all its real and personal property material to its
business (including the Mortgaged Properties), except for minor defects in
title that do not interfere with its ability to conduct its business as
currently conducted or as proposed to be conducted or to utilize such
properties for their intended purposes.

(b)  The Borrower and each
of the Subsidiaries owns, or is licensed to use, all trademarks, tradenames,
copyrights, patents and other intellectual property material to its business,
and the use thereof by the Borrower and the Subsidiaries does not infringe upon
the rights of any other Person, except for any such infringements that,
individually or in the aggregate, could not reasonably be expected to result in
a Material Adverse Effect.

(c)  Schedule 3.05
sets forth the address of each real property that is owned or leased by the
Borrower or any Subsidiary as of the Effective Date after giving effect to the
Transactions.

(d)  As of the Effective
Date, none of the Borrower or any Subsidiary has received notice of, or has
knowledge of, any pending or contemplated condemnation proceeding affecting any
Mortgaged Property or any sale or disposition thereof in lieu of
condemnation.  Neither any Mortgaged
Property nor any interest therein is subject to any right of first refusal,
option or other contractual right to purchase such Mortgaged Property or
interest therein.

(e)  None of the real or
personal property owned by the Borrower or any Subsidiary is subject to any
Lien except as permitted in Section 6.02.

SECTION 3.06. 
Litigation and Environmental Matters.  (a) 
There are no actions, suits, investigations or proceedings by or before
any arbitrator, Governmental Authority or Supervisory Organization pending
against or, to the knowledge of the 

 54
 

Borrower or any Subsidiary, threatened against or affecting the
Borrower or any Subsidiary (i) as to which there is a reasonable possibility of
an adverse determination and that, if adversely determined, could reasonably be
expected, individually or in the aggregate, to result in a Material Adverse
Effect (other than the Disclosed Matters) or (ii) that involve any of the Loan
Documents or the Transactions.

(b)  Except with respect to
any other matters that, individually or in the aggregate, could not reasonably
be expected to result in a Material Adverse Effect, neither the Borrower nor
any Subsidiary (i) has failed to comply with any Environmental Law or to
obtain, maintain or comply with any permit, license or other approval required
under any Environmental Law, (ii) has become subject to any Environmental
Liability, (iii) has received notice of any claim with respect to any
Environmental Liability or (iv) knows of any basis for any Environmental
Liability.

(c)  Except for the
Disclosed Matters, neither the Borrower nor any Regulated Subsidiary has
received any extraordinary supervisory letter from, or adopted any resolutions
at the request of, any Supervisory Organization or Governmental Authority
charged with the supervision or regulation of such Subsidiary.

SECTION 3.07. 
Compliance with Laws and Agreements.  Each of the Borrower and the Subsidiaries is
in compliance with (a) all material Requirements of Law applicable to it or its
property and (b) all indentures, agreements and other instruments binding upon
it or its property, except, in the case of clause (b), where the failure to do
so, individually or in the aggregate, could not reasonably be expected to
result in a Material Adverse Effect.  No
Default has occurred and is continuing.

SECTION 3.08. 
Investment Company Status.  None of the Borrower or any Subsidiary is an “investment
company” as defined in, or subject to regulation under, the Investment Company
Act of 1940.

SECTION 3.09. 
Taxes.  Each of the Borrower and the Subsidiaries has
timely filed or caused to be filed all Tax returns and reports required to have
been filed and has paid or caused to be paid all Taxes required to have been
paid by it, except (a) any Taxes that are being contested in good faith by
appropriate proceedings and for which the Borrower or such Subsidiary, as
applicable, has set aside on its books adequate reserves or (b) to the extent
that the failure to do so could not reasonably be expected to result in a
Material Adverse Effect.

SECTION 3.10. 
ERISA.  No ERISA Event has occurred or is reasonably
expected to occur that, when taken together with all other such ERISA Events
for which liability is reasonably expected to occur, could, in the judgment of
the Required Lenders, reasonably be expected to result in a Material Adverse
Effect.  The present value of all
accumulated benefit obligations under each Plan (based on the assumptions used
for purposes of Statement of Financial Accounting Standards No. 87) did not, as
of the date of the most recent financial statements reflecting such amounts,
exceed the fair market value of the assets of such Plan in an amount that could
reasonably be expected to result in a Material Adverse Effect.

 55
 

SECTION 3.11. 
Disclosure.  The Borrower has disclosed to the Lenders all
agreements, instruments and corporate or other restrictions to which the
Borrower or any Subsidiary is subject, and all other matters known to any of
them, that, individually or in the aggregate, could reasonably be expected to
result in a Material Adverse Effect. 
Neither the Information Memorandum nor any of the other reports,
financial statements, certificates or other information furnished by or on
behalf of any Loan Party to the Administrative Agent or any Lender in
connection with the negotiation of this Agreement or any other Loan Document or
delivered hereunder or thereunder (as modified or supplemented by other
information so furnished) contains any material misstatement of fact or omits
to state any material fact necessary to make the statements therein, in the
light of the circumstances under which they were made, not misleading; provided
that, with respect to projected financial information, the Borrower represent
only that such information was prepared in good faith based upon assumptions
believed by them to be reasonable at the time delivered.

SECTION 3.12. 
Subsidiaries. 
As of the Effective Date, the Borrower does not have any subsidiaries
other than the Subsidiaries set forth on Schedule 3.12.  As of the Effective Date, neither the
Borrower nor any Subsidiary holds any Equity Interests in any joint
venture.  Schedule 3.12 sets forth
the name of, and the ownership interest of the Borrower and each Subsidiary in
each Subsidiary and identifies each Subsidiary that is a Subsidiary Loan Party,
in each case as of the Effective Date.

SECTION 3.13. 
Insurance.  The Borrower believes that the insurance that
is maintained by or on behalf of the Borrower and the Subsidiaries and that is
currently effective is adequate and is in such amounts (with no greater risk
retention) and against such risks as is customarily maintained by companies of
established repute engaged in the same or similar businesses operating in the
same or similar locations.  As of the
Effective Date, all premiums in respect of such insurance have been paid.  Such insurance polices are set forth on Schedule
3.13.

SECTION 3.14. 
Labor Matters. 
As of the Effective Date, there are no strikes, lockouts or slowdowns or
any other material labor disputes against the Borrower or any Subsidiary
pending or, to the knowledge of the Borrower or any Subsidiary,
threatened.  The hours worked by and
payments made to employees of the Borrower and the Subsidiaries have not been
in violation of the Fair Labor Standards Act or any other applicable Federal,
state, local or foreign law dealing with such matters.  All payments due from the Borrower or any
Subsidiary, or for which any claim may be made against the Borrower or any
Subsidiary, on account of wages and employee health and welfare insurance and
other benefits, have been paid or accrued as a liability on the books of the
Borrower or such Subsidiary.  There is no
organizing activity involving the Borrower or any Subsidiary pending or, to the
knowledge of the Borrower or any Subsidiary, threatened by any labor union or
group of employees, except those that, in the aggregate, would not reasonably
be expected to result in a Material Adverse Effect.  There are no representation proceedings
pending or, to the knowledge of the Borrower or any Subsidiary, threatened with
the National Mediation Board, and no labor organization or group of employees
of the Borrower or any Subsidiary has made a pending demand for 

 56
 

recognition, except those that, in the aggregate, would not reasonably
be expected to result in a Material Adverse Effect.  There are no material complaints or charges
against the Borrower or any Subsidiary pending or, to the knowledge of the
Borrower or any Subsidiary, threatened to be filed with any Governmental
Authority or arbitrator based on, arising out of, in connection with, or
otherwise relating to the employment or termination of employment by the
Borrower or any Subsidiary of any individual, except those that, in the
aggregate, would not reasonably be expected to result in a Material Adverse
Effect.  The consummation of the
Transactions will not give rise to any right of termination or right of
renegotiation on the part of any union under any collective bargaining
agreement to which the Borrower or any Subsidiary is bound.

SECTION 3.15. 
Solvency.  Immediately after the consummation of the
Transactions to occur on the Effective Date (including the making of each Loan
made on the Effective Date and the application of the proceeds of such Loans),
(a) the fair value of the assets of each Loan Party, at a fair valuation, will
exceed its debts and liabilities, subordinated, contingent or otherwise, (b)
the present fair saleable value of the property of each Loan Party will be
greater than the amount that will be required to pay the probable liability of
its debts and other liabilities, subordinated, contingent or otherwise, as such
debts and other liabilities become absolute and matured, (c) each Loan Party
will be able to pay its debts and liabilities, subordinated, contingent or
otherwise, as such debts and liabilities become absolute and matured and (d)
each Loan Party will not have unreasonably small capital with which to conduct
the business in which it is engaged as such business is now conducted and is
proposed to be conducted following the Effective Date.

SECTION 3.16. 
Security Documents.  (a) 
The Collateral Agreement is effective to create in favor of the
Collateral Agent, for the benefit of the Secured Parties, a legal, valid and
enforceable security interest in the Collateral (as defined in the Collateral
Agreement) and (i) when the Collateral (as defined in the Collateral Agreement)
constituting certificated securities (as defined in the Uniform Commercial
Code) is delivered to the Collateral Agent, together with instruments of
transfer duly endorsed in blank, the Collateral Agreement will constitute a
fully perfected Lien on, and security interests in, all right, title and
interest of the pledgors thereunder in such Collateral, prior and superior to
any other Person and (ii) when financing statements in appropriate form are
filed in the offices specified in the Perfection Certificate, the Collateral
Agreement will constitute a fully perfected Lien on, and security interest in,
all right, title and interest of the Loan Parties in the remaining Collateral
(as defined in the Collateral Agreement) to the extent perfection can be
obtained by filing Uniform Commercial Code financing statements, prior and superior
to the rights of any other Person, except for rights secured by Liens expressly
permitted by Section 6.02.

(b)  When the Collateral
Agreement or a summary thereof is properly filed in the United States Patent
and Trademark Office and the United States Copyright Office, the Lien created
under the Collateral Agreement will constitute a fully perfected Lien on all
right, title and interest of the Loan Parties in the Intellectual Property (as
defined in the Collateral Agreement) in which a security interest may be
perfected by filing in the 

 57
 

United States and its territories and possessions, in each case prior
and superior in right to any other Person, except in respect of Liens permitted
by Section 6.02 (it being understood that subsequent recordings in the United
States Patent and Trademark Office and the United States Copyright Office may
be necessary to perfect a Lien on registered trademarks and patents, trademark
and patent applications and registered copyrights acquired by the grantors
after the date hereof).

(c)  The Mortgages are
effective to create in favor of the Collateral Agent, for the ratable benefit
of the Secured Parties, a legal, valid and enforceable Lien on all of the Loan
Parties’ right, title and interest in and to the Mortgaged Properties subject
thereto and the proceeds thereof, and when such Mortgages are filed in the
proper real estate filing offices, such Mortgages shall constitute a fully
perfected Lien on, and security interest in, all right, title and interest of
Loan Parties in each such Mortgaged Property and the proceeds thereof, in each
case prior and superior in right to any other Person, other than with respect
to the rights of Person pursuant to Liens expressly permitted by Section 6.02.

SECTION 3.17. 
Margin Regulations.  None of the Borrower or any Subsidiary (other
than any Broker-Dealer Subsidiary) is engaged, and will not engage, principally
or as one of its important activities, in the business of purchasing or
carrying Margin Stock (as defined in Regulation U), or extending credit for the
purpose of purchasing or carrying margin stock and no part of the proceeds of
any Loan or any Letter of Credit will be used, whether directly or indirectly,
and whether immediately, incidentally or ultimately, to purchase or carry Margin
Stock (as defined in Regulation U), or to refinance Indebtedness originally
incurred for such purpose, or for any purpose that entails a violation of, or
that is inconsistent with, the provisions of the regulations issued by the
Board, including Regulation T, U or X.

SECTION 3.18. 
Regulatory Status; Memberships Held.  (a) 
Each Broker-Dealer Subsidiary (i) is duly registered as a broker-dealer
with the SEC under the Securities Exchange Act of 1934 and is a member in good
standing of the National Association of Securities Dealers, (ii) is a member in
good standing of the securities exchanges and securities clearing corporations
listed in Schedule 3.18, (iii) is duly registered, licensed or qualified
as a broker or dealer under the applicable Requirements of Law of each
jurisdiction listed in Schedule 3.18 and (iv) is in compliance with (A)
the Securities Exchange Act of 1934 and the rules and regulations thereunder
applicable to it, (B) the rules and regulations of the NASD applicable to it,
(C) the rules and regulations of the securities exchanges and securities
clearing corporations of which it is a member and (D) the applicable
Requirements of Law of each jurisdiction where it is registered as a broker or
dealer.

(b)  Each FCM Subsidiary
(i) is duly registered as a futures commission merchant with the Commodity
Futures Trading Commission under the Commodity Exchange Act and is a member in
good standing of the National Futures Association, (ii) is a member of the
futures exchanges and futures clearing corporations listed in Schedule 3.18,
(iii) is in compliance with (A) the Commodity Exchange Act and the rules and
regulations thereunder applicable to it, (B) the rules and regulations of the
National

 58

Futures Association applicable to it and (C) the rules and regulations
of the futures exchanges and futures clearing corporations of which it is a
member.

ARTICLE
IV

Conditions

SECTION 4.01. 
Effective Date. 
The obligations of the Lenders to make Loans and of the Issuing Bank to
issue Letters of Credit hereunder shall not become effective until the date on
which each of the following conditions is satisfied (or waived in accordance
with Section 9.02):

(a)  The Administrative
Agent (or its counsel) shall have received from each party hereto either (i) a
counterpart of this Agreement signed on behalf of such party or (ii) written
evidence satisfactory to the Administrative Agent (which may include telecopy
or other electronic imaging transmission of a signed signature page of this
Agreement) that such party has signed a counterpart of this Agreement.

(b)  The Administrative
Agent shall have received a favorable written opinion (addressed to the
Administrative Agent and the Lenders and dated the Effective Date) of (i)
Simpson Thacher & Bartlett LLP, counsel for the Borrower and the
Subsidiaries, substantially in the form of Exhibit B-1, (ii) Jeffer
Mangels Butler & Marmaro LLP, special California counsel for the Subsidiary
Loan Parties incorporated in the state of California, substantially in the form
of Exhibit B-2, (iii) Matheson, Mortensen, Olsen & Jeppson, P.C.,
special Utah counsel for the Subsidiary Loan Parties incorporated in the state
of Utah, substantially in the form of Exhibit B-3 and (iv) Henderson
& Morgan, LLC, special Nevada counsel for the Subsidiary Loan Parties
incorporated in the State of Nevada, substantially in the form of Exhibit
B-4, in each case covering such other matters relating to the Loan Parties,
the Loan Documents and the Transactions as the Administrative Agent shall
reasonably request.  The Borrower hereby
requests on behalf of itself and the Subsidiary Loan Parties such counsel to
deliver such opinions.

(c)  The Administrative
Agent shall have received such documents and certificates as the Administrative
Agent or its counsel may reasonably request relating to the organization,
existence and good standing of each Loan Party, the authorization of the
Transactions and any other legal matters relating to the Loan Parties, the Loan
Documents or the Transactions, all in form and substance satisfactory to the
Administrative Agent and its counsel.

(d)  The Administrative
Agent shall have received a certificate, dated the Effective Date and signed by
the President, a Vice President or a Financial Officer of the Borrower,
confirming compliance with the conditions set forth in paragraphs (a) and (b)
of Section 4.02 and paragraphs (f), (g), (j), (l) and (m) of this Section.

(e)  The Administrative
Agent shall have received all fees and other amounts due and payable on or
prior to the Effective Date, including, to the extent 

 59
 

invoiced, reimbursement or payment of all out-of-pocket expenses
(including fees, charges and disbursements of counsel) required to be
reimbursed or paid by any Loan Party hereunder or under any other Loan
Document.

(f)  Each of the
Acquisition and the other Transactions that are to occur on or prior to the
Effective Date shall have been consummated, or shall be consummated
simultaneously with the initial extension of credit hereunder, in accordance
with applicable law and the Acquisition Agreement.  No provision of the Acquisition Agreement
(including any condition to the obligations of the Borrower thereunder), as in
effect on the date hereof, shall have been waived, amended, supplemented or
otherwise modified in an manner material and adverse to the Lenders without the
consent of the Administrative Agent.

(g)  The Collateral and
Guarantee Requirement shall have been satisfied and the Administrative Agent
shall have received a completed Perfection Certificate dated the Effective Date
and signed by a Financial Officer and a legal officer of the Borrower, together
with all attachments contemplated thereby, including the results of a search of
the Uniform Commercial Code (or equivalent) filings made with respect to the
Loan Parties in the jurisdictions contemplated by the Perfection Certificate
and copies of the financing statements (or similar documents) disclosed by such
search and evidence reasonably satisfactory to the Administrative Agent that
the Liens indicated by such financing statements (or similar documents) are
permitted by Section 6.02 or have been or will contemporaneously with the
initial funding of Loans on the Effective Date be released.

(h)  The Administrative Agent
shall have received evidence that the insurance required by Section 5.07 is in
effect.

(i)  If any portion of the
Merger Consideration is placed in escrow to ensure performance of any
obligation of the Acquired Company under the Acquisition Agreement, such amount
shall have been placed in an escrow account with JPMorgan Chase Bank, N.A. on
terms satisfactory to the Arranger.

(j)  Immediately after
consummation of the Acquisition and the other Transactions that are to occur on
or prior to the Effective Date, (i) the Borrower and the Subsidiaries will have
no outstanding Indebtedness other than (A) the Indebtedness under the Loan
Documents and (B) Indebtedness permitted by Section 6.01(b)(ii) and (ii) all
outstanding Equity Interests in the Subsidiaries will by owned by the Borrower
or another Subsidiary.

(k)  The Administrative
Agent shall have received projections (broken down by quarter for each year
ending on or prior to December 31, 2007, and by year thereafter) for the
Borrower and the Subsidiaries for the period ending December 31, 2011.

(l)  All consents and
approvals required to be obtained from any Governmental Authority, Supervisory
Organization or third party in connection with the 

 60
 

Transactions shall have been obtained, and there shall be no governmental
or judicial action or proceeding pending or, to the knowledge of the Borrower,
threatened that could reasonably be expected to restrain, prevent or impose
materially burdensome conditions on the Transactions.

(m)  The pro forma ratio of Total Indebtedness to Consolidated
Adjusted EBITDA as of the end of and for the period of four fiscal quarters
ended September 30, 2006, giving effect to the Transactions that are to occur
on or prior to the Effective Date as if they had occurred on such date or at
the beginning of such period, shall not exceed 2.50 to 1.00, and the
Administrative Agent shall have received a certificate of a Financial Officer
of the Borrower setting forth a computation of such ratio.

(n)  The Administrative
Agent shall have received, at least five Business Days prior to the Closing
Date, all documentation and other information required by bank regulatory
authorities under applicable “know your customer” and anti-money laundering
rules and regulations, including the USA Patriot Act.

The Administrative Agent shall notify the Borrower and
the Lenders of the Effective Date, and such notice shall be conclusive and
binding.  Notwithstanding the foregoing,
(i) the Administrative Agent may grant reasonable extensions of time, but in no
event later than 45 calendar days, for the delivery of the insurance
certificates referred to in clause (h) above where the Administrative Agent
determines that such delivery cannot be accomplished without undue effort or
expense by the time required by this Agreement and (ii) the obligations of the
Lenders to make Loans and of the Issuing Bank to issue Letters of Credit
hereunder shall not become effective unless each of the foregoing conditions is
satisfied (or waived pursuant to Section 9.02) at or prior to 5:00 p.m., New
York City time, on March 31, 2007 (and, in the event such conditions are not so
satisfied or waived, the Commitments shall terminate at such time).

SECTION 4.02. 
Each Credit Event. 
The obligation of each Lender to make a Loan on the occasion of any
Borrowing, and of the Issuing Bank to issue, amend, renew or extend any Letter
of Credit, is subject to receipt of the request therefor in accordance herewith
and to the satisfaction of the following conditions:

(a)  The representations and
warranties of each Loan Party set forth in the Loan Documents shall be true and
correct in all material respects on and as of the date of such Borrowing or the
date of issuance, amendment, renewal or extension of such Letter of Credit, as
applicable;

(b)  At the time of and
immediately after giving effect to such Borrowing or the issuance, amendment,
renewal or extension of such Letter of Credit, as applicable, no Default shall
have occurred and be continuing; and

(c)  The Administrative Agent
shall have received a Borrowing Request.

 61
 

Each Borrowing and each issuance, amendment, renewal
or extension of a Letter of Credit shall be deemed to constitute a
representation and warranty by the Borrower on the date thereof as to the
matters specified in paragraphs (a) and (b) of this Section.

ARTICLE
V

Affirmative
Covenants

Until the Commitments have expired or been terminated
and the principal of and interest on each Loan and all fees, expenses and other
amounts (other than contingent amounts not yet due) payable under any Loan
Document shall have been paid in full and all Letters of Credit shall have
expired or been terminated and all LC Disbursements shall have been reimbursed,
the Borrower covenants and agrees with the Lenders, that:

SECTION 5.01. 
Financial Statements and Other Information.  The Borrower will furnish to the
Administrative Agent on behalf of each Lender:

(a)  as soon as available (but in
any event within 90 days after the end of each fiscal year of the Borrower),
its audited consolidated balance sheet and related audited consolidated
statements of income, shareholders’ equity and cash flows as of the end of and
for such year setting forth in each case in comparative form the figures for
the previous fiscal year, all reported on by KPMG LLP or other independent
registered public accounting firm of recognized national standing (without a “going
concern” or like qualification or exception and without any qualification or
exception as to the scope of such audit) to the effect that such consolidated
financial statements present fairly in all material respects the financial
condition and results of operations of the Borrower and the Subsidiaries on a
consolidated basis in accordance with GAAP consistently applied;

(b)  as soon as available (but in
any event within 45 days after the end of each of the first three fiscal
quarters of each fiscal year of the Borrower), its consolidated balance sheet
and related consolidated statements of income, shareholders’ equity and cash
flows as of the end of and for such fiscal quarter and the then elapsed portion
of the fiscal year, setting forth in each case in comparative form the figures
for the corresponding period or periods of (or, in the case of the balance
sheet, as of the end of) the previous fiscal year, all certified by a Financial
Officer as presenting fairly in all material respects the financial condition
and results of operations of the Borrower and the Subsidiaries on a
consolidated basis in accordance with GAAP consistently applied, subject to
normal year-end audit adjustments and the absence of footnotes;

(c)  concurrently with any
delivery of financial statements under paragraph (a) or (b) above, a
certificate of a Financial Officer (i) certifying as to whether a Default has
occurred and, if a Default has occurred, specifying the details thereof and any
action taken or proposed to be taken with respect thereto, (ii) setting forth
reasonably detailed calculations (A) showing the Leverage Ratio as of and for
the 

 62
 

end of the
applicable fiscal year or fiscal quarter, (B) demonstrating compliance with the
covenants contained in Sections 6.12, 6.13 and 6.14 and (C) in the case of
financial statements delivered under paragraph (a) above, showing the amount,
if any, of Excess Cash Flow for such fiscal year, (iii) stating whether any
change in GAAP or in the application thereof has occurred since the date of the
Borrower’s audited financial statements referred to in Section 3.04 and, if any
such change has occurred, specifying the effect of such change on the financial
statements accompanying such certificate and (iv) identifying the Subsidiaries,
if any, that are “Excluded Subsidiaries” under clauses (c), (d) and (e) of the
definition of such term;

(d)  concurrently with any
delivery of financial statements under paragraph (a) above, (i) a certificate
of the accounting firm that reported on such financial statements stating
whether they obtained knowledge during the course of their examination of such
financial statements of any Default and, if such knowledge has been obtained,
describing such Default (which certificate may be limited to the extent
required by accounting rules or guidelines) and (ii) copies of any management
letters delivered to the Borrower or any Subsidiary by such accounting firm;

(e)  within 30 days after the
commencement of each fiscal year of the Borrower, a detailed consolidated
budget for such fiscal year (including a projected consolidated balance sheet
and projected consolidated statements of income and cash flows as of the end of
and for such fiscal year and setting forth the assumptions used for purposes of
preparing such budget) and, promptly when available, any significant revisions
of such budget;

(f)  promptly after the same
become publicly available, copies of all periodic and other reports, proxy
statements and other materials filed by the Borrower or any Subsidiary with the
Securities and Exchange Commission, or any Governmental Authority succeeding to
any or all of the functions of said Commission, or with any national securities
exchange or distributed by the Borrower to its shareholders generally;

(g)  as soon as reasonably
practical following any request therefor, on and after the effectiveness of the
Pension Act, copies of (i) any documents described in Section 101(k)(1) of
ERISA that the Borrower, any Subsidiary or any ERISA Affiliate may request with
respect to any Multiemployer Plan and (ii) any notices described in Section
101(1)(1) of ERISA that the Borrower, any Subsidiary or any ERISA Affiliate may
request with respect to any Multiemployer Plan; provided, that if the
Borrower, any Subsidiary or any ERISA Affiliate has not requested such
documents or notices from the administrator or sponsor of the applicable
Multiemployer Plan, the Borrower or the applicable Subsidiary or ERISA Affiliate
shall promptly make a request for such documents or notices from such
administrator or sponsor and shall provide copies of such documents and notices
promptly after receipt thereof;

 63
 

(h)  promptly following any
request therefor, such other information regarding the operations, business
affairs and financial condition of the Borrower or any Subsidiary, or
compliance with the terms of any Loan Document, as the Administrative Agent or
any Lender may reasonably request;

(i)   together
with the delivery of each set of financial statements referred to in paragraph
(a) or (b) above, FOCUS reports prepared with respect to each Broker-Dealer
Subsidiary; and

(j)  promptly after it shall have
been advised thereof, any Rating issued or reissued by S&P or Moody’s, whether
pursuant to Section 5.15 or otherwise.

Information required to be delivered pursuant to this
Section 5.01 shall be deemed to have been delivered if such information, or one
or more annual or quarterly reports containing such information, shall have been
posted by the Administrative Agent on an IntraLinks or similar site to which
the Lenders have been granted access or shall be available on the website of
the Securities and Exchange Commission at http://www.sec.gov; provided
that the Borrower shall deliver paper copies of such information to any Lender
that requests such delivery.  Information
required to be delivered pursuant to this Section 5.01 may also be delivered by
electronic communications pursuant to procedures approved by the Administrative
Agent.

SECTION 5.02. 
Notices of Material Events.  The Borrower will furnish to the
Administrative Agent and to each Lender prompt written notice of the following:

(a)  the occurrence of any
Default;

(b)  the filing or commencement
of any action, suit, proceeding or investigation by or before any arbitrator or
Governmental Authority or Supervisory Organization against or affecting the
Borrower or any Subsidiary that, if adversely determined, could reasonably be
expected to result in a Material Adverse Effect;

(c)  the occurrence of any ERISA
Event or any fact or circumstance that gives rise to a reasonable expectation
that any ERISA Event will occur that, in either case, alone or together with
any other ERISA Events that have occurred or are reasonably expected to occur,
could reasonably be expected to result in a Material Adverse Effect; and

(d)  any other development that
results in, or could reasonably be expected to result in, a Material Adverse
Effect.

Each notice delivered under this Section shall be accompanied
by a written statement of a Financial Officer or other executive officer of the
Borrower setting forth the details of the event or development requiring such
notice and any action taken or proposed to be taken with respect thereto.

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SECTION 5.03.  Information Regarding
Collateral.  (a) 
The Borrower will furnish to the Administrative Agent prompt written
notice of any change (i) in any Loan Party’s legal name, as reflected in its
organization documents, (ii) in any Loan Party’s jurisdiction of organization
or form of organization (iii) in the location of any Loan Party’s chief
executive office or principal place of business that is not a registered
organization (as defined in the Uniform Commercial Code) structure and (iv) in
any Loan Party’s identity, Federal Taxpayer Identification Number or
organization number, if any, assigned by the jurisdiction of its
organization.  The Borrower also agrees
to promptly provide to the Administrative Agent certified organizational
documents reflecting any of the changes described in the preceding
sentence.  The Borrower agrees not to
effect or permit any change referred to in the preceding sentences unless all
filings have been made under the Uniform Commercial Code or otherwise that are
required in order for the Collateral Agent, for the benefit of the Lenders, to
continue at all times following such change to have a valid, legal and
perfected security interest in all the Collateral.  The Borrower also agrees promptly to notify
the Administrative Agent if any material portion of the Collateral is damaged
or destroyed.

(b)  At the time of each
delivery of financial statements pursuant to Section 5.01(a), the Borrower
shall deliver to the Administrative Agent a certificate executed by a Financial
Officer and a chief legal officer of the Borrower (i) setting forth the
information required pursuant to the Perfection Certificate or confirming that
there has been no change in such information since the date of the Perfection
Certificate delivered on the Effective Date or the date of the most recent
certificate delivered pursuant to this Section and (ii) certifying that all
Uniform Commercial Code financing statements (including fixture filings, as
applicable) or other appropriate filings, recordings or registrations, including
all refilings, rerecordings and reregistrations, containing a description of
the Collateral have been filed of record in each governmental, municipal or
other appropriate office in each jurisdiction identified pursuant to clause (i)
above to the extent necessary to protect and perfect the security interests
under the Collateral Agreement for a period of not less than 18 months after
the date of such certificate (except as noted therein with respect to any
continuation statements to be filed within such period).

SECTION 5.04. 
Existence; Conduct of Business.  The Borrower will, and will cause each
Subsidiary to, do or cause to be done all things necessary to obtain, preserve,
renew and keep in full force and effect (a) its legal existence, (b) the rights,
contracts, licenses, permits, privileges, franchises, patents, copyrights,
trademarks and trade names material to the conduct of its business and (c) all
licenses, registrations and memberships of each Regulated Subsidiary to the
full extent required under applicable Requirements of Law and the applicable
rules and regulations promulgated by any Supervisory Organization or
Governmental Authority; provided that the foregoing clause (a) shall not
prohibit any merger, consolidation, liquidation or dissolution permitted under
Section 6.03.

SECTION 5.05. 
Payment of Obligations.  The Borrower will, and will cause each
Subsidiary to, pay its Indebtedness and other obligations, including Tax 

 65
 

liabilities, before the same shall become delinquent or in default, except
where (a) the validity or amount thereof is being contested in good faith by
appropriate proceedings, (b) the Borrower or such Subsidiary has set aside on
its books adequate reserves with respect thereto in accordance with GAAP, (c)
such contest effectively suspends collection of the contested obligation and
the enforcement of any Lien securing such obligation and (d) the failure to
make payment pending such contest could not reasonably be expected to result in
a Material Adverse Effect.

SECTION 5.06.  Maintenance of Properties.  The Borrower will, and will cause each
Subsidiary to, keep and maintain all property material to the conduct of its
business in good working order and condition, ordinary wear and tear excepted.

SECTION 5.07. 
Insurance.
The Borrower will, and will cause each Subsidiary to, maintain, with
financially sound and reputable insurance companies, (a) insurance in such
amounts (with no greater risk retention) and against such risks as are (i)
customarily maintained by companies of established repute engaged in the same
or similar businesses operating in the same or similar locations and (ii)
considered adequate by the Borrower and (b) all insurance required to be
maintained by law or any Loan Document. 
The Borrower will furnish to the Lenders, upon request of the
Administrative Agent, information in reasonable detail as to the insurance so
maintained.

SECTION 5.08. 
Casualty and Condemnation.  The Borrower (a) will furnish to the
Administrative Agent and the Lenders prompt written notice of any casualty or
other insured damage to any material portion of any Collateral or the
commencement of any action or proceeding for the taking or exportation of any
Collateral or any part thereof or interest therein under power of eminent
domain or by condemnation or similar proceeding and (b) will ensure that the
Net Proceeds of any such event (whether in the form of insurance proceeds,
condemnation awards or otherwise) are collected and applied in accordance with
the applicable provisions of the Security Documents and this Agreement.

SECTION 5.09. 
Books and Records; Inspection and Audit Rights.  The Borrower will, and will cause each
Subsidiary to, keep proper books of record and account in which full, true and
correct entries are made of all dealings and transactions in relation to its
business and activities.  The Borrower
will, and will cause each Subsidiary to, permit any representatives designated
by the Administrative Agent or any Lender, upon reasonable prior notice, to
visit and inspect its properties, to examine and make extracts from its books
and records, and to discuss its affairs, finances and condition with its
officers and independent accountants, all at such reasonable times and as often
as reasonably requested.

SECTION 5.10. 
Compliance with Laws.  The Borrower will, and will cause each
Subsidiary to, comply with all Requirements of Law applicable to it, its
operations or its property, except where the failure to do so, individually or
in the aggregate, could not reasonably be expected to result in a Material
Adverse Effect.

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SECTION 5.11. 
Use of Proceeds and Letters of Credit.  The Borrower will use the proceeds of the
Loans and the Letters of Credit only for the purposes set forth in the preamble
to this Agreement.  No part of the proceeds
of any Loan will be used, whether directly or indirectly, for any purpose that
entails a violation of any of the Regulations of the Board, including
Regulations T, U and X.

SECTION 5.12. 
Additional Subsidiaries.  If any additional Subsidiary is formed or
acquired after the Effective Date, the Borrower will promptly after such
Subsidiary is formed or acquired, notify the Administrative Agent thereof and
cause the Collateral and Guarantee Requirement to be satisfied with respect to
such Subsidiary (if it is a Subsidiary Loan Party) and with respect to any
Equity Interest in or Indebtedness of such Subsidiary owned by or on behalf of
any Loan Party.

SECTION 5.13. 
Further Assurances.  (a) 
The Borrower will, and will cause each Subsidiary Loan Party to, execute
any and all further documents, financing statements, agreements and
instruments, and take all such further actions (including the filing and
recording of financing statements, fixture filings, mortgages, deeds of trust
and other documents), that may be required under any applicable law, or that
the Administrative Agent or the Required Lenders may reasonably request, to
cause the Collateral and Guarantee Requirement to be and remain satisfied, all
at the expense of the Loan Parties.  The
Borrower also agrees to provide to the Administrative Agent, from time to time
upon reasonable request, evidence reasonably satisfactory to the Administrative
Agent as to the perfection and priority of the Liens created or intended to be
created by the Security Documents.

(b)  If any material assets
(including any real property or improvements thereto or any interest therein)
are acquired by the Borrower or any Subsidiary Loan Party after the Effective
Date (other than assets constituting Collateral under the Collateral Agreement
that become subject to the Lien created by the Collateral Agreement upon
acquisition thereof), the Borrower will notify the Administrative Agent and the
Lenders thereof, and, if requested by the Administrative Agent or the Required
Lenders, the Borrower will cause such assets to be subjected to a Lien securing
the Obligations and will take, and cause the Subsidiary Loan Parties to take,
such actions as shall be necessary or reasonably requested by the
Administrative Agent to grant and perfect such Liens, including actions
described in paragraph (a) of this Section, all at the expense of the Loan
Parties.

SECTION 5.14. 
Interest Rate Protection.  As promptly as practicable and in any event
within 15 days after the Closing Date, the Borrower will enter into, and for a
period of not less than three years after the Closing Date maintain in effect,
one or more Hedging Agreements, the effect of which is to fix or cap the
interest rates applicable to at least 50% of Term Loans, in each case on terms
and conditions reasonably acceptable, taking into account current market
conditions, to the Administrative Agent. 
Each such Hedging Agreement shall be entered into with a Person that is
reasonably acceptable to the Administrative Agent.

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SECTION 5.15. 
Annual Renewal of Rating.  If either S&P or Moody’s shall have a
Rating in effect and such Rating shall be a confidential or private rating, the
Borrower shall cause such Rating to be reissued by S&P or Moody’s, as the
case may be, at least once during each 12-month period commencing on the
Effective Date, and shall pay any fees or other costs related to the foregoing.

ARTICLE
VI

Negative
Covenants

Until the Commitments have expired or been terminated
and the principal of and interest on each Loan and all fees, expenses and other
amounts payable (other than contingent amounts not yet due) under any Loan
Document have been paid in full and all Letters of Credit have expired or been
terminated and all LC Disbursements have been reimbursed, the Borrower
covenants and agrees with the Lenders that:

SECTION 6.01. 
Indebtedness; Certain Equity Securities.  (a) 
The Borrower will not, and will not permit any Subsidiary to, create,
incur, assume or permit to exist any Indebtedness, except:

(i) Indebtedness created under the Loan Documents;

(ii) Indebtedness existing on the date hereof and set forth in Schedule
6.01;

(iii) Indebtedness of the Borrower to any Subsidiary and of any
Subsidiary to the Borrower or another Subsidiary; provided that (A) any
such Indebtedness shall not have been transferred or pledged to any third
party, (B) any such Indebtedness owed by a Loan Party shall be unsecured and
subordinated to the Obligations on terms customary for intercompany
subordinated Indebtedness, (C) any such Indebtedness owed to a Loan Party shall
be evidenced by an intercompany note and pledged under the Security Documents
and (D) Indebtedness of any Subsidiary that is not a Loan Party owed to a Loan
Party shall be subject to clause (ii) of the proviso in paragraph (d) of
Section 6.04;

(iv) Guarantees by the Borrower of Indebtedness of any Subsidiary
(other than any Broker-Dealer Subsidiary) and by any Subsidiary of Indebtedness
of the Borrower or any Subsidiary; provided that Guarantees by any Loan
Party of Indebtedness of any Subsidiary that is not a Loan Party shall be
subject to clause (ii) of the proviso in paragraph (d) of Section 6.04;

(v) Indebtedness of the Borrower or any Subsidiary (other than any
Broker-Dealer Subsidiary) incurred to finance the acquisition, construction or
improvement of any fixed or capital assets, including Capital Lease Obligations
and any Indebtedness assumed by the Borrower or any Subsidiary (other than any
Broker-Dealer Subsidiary) in connection with the acquisition of any such assets
or secured by a Lien on any such assets prior to the acquisition thereof, and

 68

extensions,
renewals and replacements of any such Indebtedness that do not increase the
outstanding principal amount thereof or result in an earlier maturity date or
decreased weighted average life thereof or change the parties directly or
indirectly responsible for the payment thereof; provided that such
Indebtedness is incurred prior to or within 90 days after such acquisition or
the completion of such construction or improvement; provided  further
that the aggregate principal amount of Indebtedness permitted to be incurred by
this clause (v) shall not exceed (A) $5,000,000 between the Closing Date and
December 31, 2007, (B) $1,250,000 during any fiscal year thereafter or (C)
$10,000,000 in the aggregate during the term of this Agreement; and provided,
further  however that the maximum aggregate principal amount of
Indebtedness permitted to be incurred in any year pursuant to the foregoing
clause (A) or (B) shall be increased by the amount, if any, by which (x) the
amount of Indebtedness permitted to be incurred under clause (A) or (B), as
applicable, during the immediately preceding year (without giving effect to any
carryover pursuant to this proviso) exceeds (y) the amount of Indebtedness
actually incurred under clause (A) or (B), as applicable, during such
immediately preceding year.

(vi) Indebtedness of any Person that becomes a Subsidiary after the
date hereof; provided that (A) such Indebtedness exists at the time such
Person becomes a Subsidiary and is not created in contemplation of or in
connection with such Person becoming a Subsidiary and (B) the aggregate
principal amount of Indebtedness permitted by this clause (vi) shall not exceed
$5,000,000 at any time outstanding;

(vii) Indebtedness of the Borrower or any Subsidiary as an account
party in respect of trade letters of credit;

(viii) Indebtedness in respect of Hedging Agreements permitted by
Section 6.07;

(ix) Permitted Subordinated Indebtedness in an aggregate amount
outstanding at any time not greater than $25,000,000; and

(x) other unsecured Indebtedness in an aggregate principal amount
outstanding at any time not greater than $1,000,000.

(b)  The Borrower will not
issue any preferred Equity Interests, except to the extent it could incur
Permitted Subordinated Indebtedness or other unsecured Indebtedness pursuant to
clause (ix) or (x) of paragraph (a) of this Section (and for all purposes of
this Section, any such issuance of preferred Equity Interests will be deemed to
constitute an incurrence of Permitted Subordinated Indebtedness or unsecured Indebtedness
(as the Borrower may elect) in a principal amount equal to the stated amount
or, if greater, the liquidation preference of such preferred Equity
Interests.  The Borrower will not permit
any Subsidiary to issue any preferred Equity Interests.

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SECTION 6.02. 
Liens.  The Borrower will not, and will not permit
any Subsidiary to, create, incur, assume or permit to exist any Lien on any
property or asset now owned or hereafter acquired by it, or assign or sell any
income or revenues (including accounts receivable) or rights in respect of any
thereof, except:

(a)  Liens created under the Loan
Documents;

(b)  Permitted Encumbrances;

(c)  any Lien on any property or
asset of the Borrower or any Subsidiary existing on the date hereof and set
forth in Schedule 6.02; provided that (i) such Lien shall not
apply to any other property or asset of the Borrower or any Subsidiary and (ii)
such Lien shall secure only those obligations that it secures on the date
hereof and extensions, renewals and replacements thereof that do not increase
the outstanding principal amount thereof;

(d)  any Lien existing on any
property or asset prior to the acquisition thereof by the Borrower or any
Subsidiary or existing on any property or asset of any Person that becomes a
Subsidiary after the date hereof prior to the time such Person becomes a
Subsidiary; provided that (A) such Lien is not created in contemplation
of or in connection with such acquisition or such Person becoming a Subsidiary,
as the case may be, (B) such Lien shall not apply to any other property or
asset of the Borrower or any Subsidiary and (C) such Lien shall secure only
those obligations that it secures on the date of such acquisition or the date
such Person becomes a Subsidiary, as the case may be, and extensions, renewals
and replacements thereof that do not increase the outstanding principal amount
thereof;

(e)  Liens on fixed or capital
assets acquired, constructed or improved (including any such assets made the
subject of a Capital Lease Obligation incurred) by the Borrower or any
Subsidiary (other than any Broker-Dealer Subsidiary); provided that (A)
such Liens secure Indebtedness permitted by clause (v) of Section 6.01(a), (B)
such Liens and the Indebtedness secured thereby are incurred prior to or within
90 days after such acquisition or the completion of such construction or
improvement, (C) the Indebtedness secured thereby does not exceed 90% of the
cost (including the aggregate amount of any assumed Indebtedness) of acquiring,
constructing or improving such fixed or capital asset and (D) such Liens shall
not apply to any other property or assets of the Borrower or any Subsidiary;

(f)  Liens of a collecting bank
arising in the ordinary course of business under Section 4-208 of the Uniform
Commercial Code in effect in the relevant jurisdiction covering only the items
being collected;

(g)  Liens representing any
interest or title of a licensor, lessor or sublicensor or sublessor under any
lease or license permitted by this Agreement;

 70
 

(h)  Liens granted by a Subsidiary
that is not a Loan Party in favor of the Borrower or another Loan Party in
respect of Indebtedness or other obligations owed by such Subsidiary to such
Loan Party; and

(i)  Liens not otherwise
permitted by this Section to the extent that the aggregate outstanding
principal amount of the obligations secured thereby does not exceed $1,000,000
at any time outstanding.

SECTION 6.03. 
Fundamental Changes; Lines of Business.  (a) 
The Borrower will not, nor will it permit any Subsidiary to, merge into or
consolidate with any other Person, or permit any other Person to merge into or
consolidate with it, or liquidate or dissolve, except that, if at the time
thereof and immediately after giving effect thereto no Default shall have
occurred and be continuing (i) any Person may merge into the Borrower in a
transaction in which the Borrower is the surviving corporation, (ii) any Person
(other than the Borrower) may merge with any Subsidiary in a transaction in
which the surviving entity is a Subsidiary and (if any party to such merger is
a Subsidiary Loan Party) is a Subsidiary Loan Party and (iii) any Subsidiary
(other than a Subsidiary Loan Party) may liquidate or dissolve if the Borrower
determines in good faith that such liquidation or dissolution is in the best
interests of the Borrower and is not materially disadvantageous to the Lenders;
provided that any such merger involving a Person that is not a
wholly-owned Subsidiary immediately prior to such merger shall not be permitted
unless also permitted by Section 6.04.

(b)  Except as and to the
extent expressly provided in Section 6.04(k), the Borrower will not, nor will
it permit any Subsidiary to, engage to any material extent in any business
other than businesses of the type conducted by the Borrower and the
Subsidiaries on the Closing Date and businesses reasonably related thereto.

SECTION 6.04. 
Investments, Loans, Advances, Guarantees and
Acquisitions.  The Borrower will not, nor will it permit any
Subsidiary to, purchase, hold or acquire (including pursuant to any merger with
any Person that was not a wholly-owned Subsidiary prior to such merger) any
Equity Interests in or evidences of Indebtedness or other securities (including
any option, warrant or other right to acquire any of the foregoing) of, make or
permit to exist any loans or advances to, Guarantee any obligations of, or make
or permit to exist any investment or any other interest in, any other Person,
or purchase or otherwise acquire (in one transaction or a series of
transactions) any assets of any other Person constituting a business unit,
except:

(a)  the Acquisition; provided
that the consideration paid shall be limited to the Merger Consideration;

(b)  Permitted Investments;

(c)  investments existing on the
date hereof and set forth on Schedule 6.04;

(d)  investments by the Borrower
in Equity Interests in any Person that is a Subsidiary prior to the making of
such investments and by any Subsidiary in the 

 71
 

Equity
Interests of the Borrower or any Person that is a Subsidiary prior to the making
of such investments; provided that (i) any such Equity Interests held by
a Loan Party shall be pledged pursuant to the Collateral Agreement (subject to
the limitations applicable to Equity Interests of a Foreign Subsidiary referred
to in the definition of the term “Collateral and Guarantee Requirement”) and
(ii) the aggregate amount of investments by Loan Parties in, loans and advances
by Loan Parties to, and Guarantees by Loan Parties of Indebtedness and other
obligations of, Subsidiaries that are not Loan Parties (including all such
investments, loans, advances and Guarantees existing on the Effective Date, but
excluding the investment made pursuant to the Acquisition) shall not exceed
$2,000,000 at any time outstanding;

(e)  repurchases of outstanding Equity
Interests in the Borrower permitted under Section 6.08;

(f)  loans or advances made by
the Borrower to any Subsidiary and made by any Subsidiary to the Borrower or
any Subsidiary; provided that (i) any such loans and advances owed
by a Loan Party shall be unsecured and subordinated to the Obligations on terms
customary for intercompany subordinated Indebtedness, (ii) any such loans or
advances owed to a Loan Party shall be evidenced by an intercompany note and
pledged under the Security Documents and (iii) any such loans or advances owed
by any Subsidiary that is not a Loan Party to a Loan Party shall be subject to
clause (ii) of the proviso in paragraph (d) of this Section;

(g)  Guarantees by the Borrower
of Indebtedness and other obligations of any Subsidiary and Guarantees by any
Subsidiary of Indebtedness and other obligations of the Borrower and any
Subsidiary; provided that (i) any such Guarantee constituting
Indebtedness shall be permitted by Section 6.01, (ii) a Subsidiary that has not
Guaranteed the Obligations pursuant to the Collateral Agreement shall not
Guarantee any Indebtedness or other obligations of any Loan Party and (iii) any
Guarantees made by any Loan Party of Indebtedness and other obligations of any
Subsidiary that is not a Loan Party shall be subject to clause (ii) of the
proviso in paragraph (d) of this Section;

(h)  investments received in
connection with the disposition of any asset permitted by Section 6.05;

(i)  Hedging Agreements permitted
by Section 6.07;

(j)  investments received in
connection with the bankruptcy or reorganization of, or settlement of
delinquent accounts and disputes with, customers and suppliers, in each case in
the ordinary course of business; and

(k)  Qualifying Acquisitions; provided
that (i) the aggregate amount or fair market value of the consideration paid by
the Borrower and the Subsidiaries shall not exceed (A) in the case of any
Qualifying Acquisition, $50,000,000, of which not more than $20,000,000 may
consist of assets other than common stock of the 

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Borrower or
proceeds of issuances and sales of such common stock that occur substantially
contemporaneously with, and are carried for the purpose of obtaining funds for,
such Qualifying Acquisition, or (B) in the case of all such Qualifying
Acquisitions during the term of this Agreement, $150,000,000, of which not more
than $50,000,000 may consist of assets other than common stock of the Borrower
or proceeds of issuances and sales of such common stock that occur
substantially contemporaneously with, and are carried for the purpose of
obtaining funds for, such Qualifying Acquisitions, and (ii) each such
Qualifying Acquisition shall be of a Person, or a division or line of business
of a Person, that is engaged in a business of the type conducted by the Borrower
and the Subsidiaries or a business similar or reasonably related thereto, as
determined in good faith by the board of directors or equivalent governing body
of the Borrower; provided that Qualifying Acquisitions for consideration
not in excess of $20,000,000 for any such acquisition or $50,000,000 in the
aggregate for all such acquisitions during the term of this Agreement may be of
Persons, divisions or lines of business engaged in other businesses.

SECTION 6.05. 
Asset Sales.  The Borrower will not, nor will it permit any
Subsidiary to, sell, transfer, lease, license or otherwise dispose of any
asset, including any Equity Interest owned by it, nor will the Borrower permit
any Subsidiary to issue any additional Equity Interest in such Subsidiary (other
than issuing Equity Interests to the Borrower or another Subsidiary in
compliance with Section 6.04(d)), except:

(a)  sales, transfers, leases and
other dispositions of inventory, used or surplus equipment and Permitted
Investments, in each case in the ordinary course of business, and sales of
equipment that has been replaced with newer equipment of the same type;

(b)  sales, transfers, leases and
other dispositions to the Borrower or any Subsidiary (other than to any
Broker-Dealer Subsidiary, unless the asset(s) so transferred either (i) remain
subject to the Lien of the Security Documents and arrangements satisfactory to
the Collateral Agent have been made for the continued perfection of such Lien
or (ii) are operating assets (as opposed to cash or financial assets) used in
the business of the transferor that are transferred in pursuit of a strategic
objective pursuant to which a Requirement of Law of a Supervisory Organization
requires such assets to be housed in a Broker-Dealer Subsidiary; provided
that the aggregate fair market value of all assets transferred in accordance
with this clause (ii) shall not exceed $5,000,000, measured in the case of each
transfer at the time thereof); provided that any such sales, transfers,
leases or other dispositions involving a Subsidiary that is not a Loan Party
shall be made in compliance with Section 6.09;

(c)  sales, transfers and other
dispositions of accounts receivable in connection with the compromise,
settlement or collection thereof consistent with past practice;

 73
 

(d)  leases entered into in the
ordinary course of business, to the extent that they do not materially
interfere with the business of the Borrower or any Subsidiary;

(e)  dispositions resulting from
any casualty or other insured damage to, or any taking under power of eminent
domain or by condemnation or similar proceeding of, any property or asset of
the Borrower or any Subsidiary;

(f)  the Permitted Disposition;

(g)  sale-leaseback transactions
permitted by Section 6.06; and

(h)  sales, transfers and other
dispositions of assets (other than Equity Interests in a Subsidiary) that are
not permitted by any other paragraph of this Section; provided that the
aggregate fair market value of all assets sold, transferred or otherwise
disposed of in reliance upon this paragraph (g) shall not exceed $1,000,000
during the term of this Agreement;

provided that all sales, transfers,
leases and other dispositions permitted hereby (other than those permitted by
paragraphs (b) and (e)) shall be made for fair value (as reasonably determined
by the Borrower) and for consideration at least 75% of which is cash payable at
the time of such sale, transfer or other disposition.

SECTION 6.06. 
Sale and Leaseback Transactions.  Except as permitted by Sections 6.01(a)(v)
and 6.02(e), the Borrower will not, nor will it permit any Subsidiary to, enter
into any arrangement, directly or indirectly, whereby it shall sell or transfer
any property, real or personal, used or useful in its business, whether now
owned or hereafter acquired, and thereafter rent or lease such property or
other property that it intends to use for substantially the same purpose or
purposes as the property sold or transferred.

SECTION 6.07. 
Hedging Agreements.  The Borrower will not, nor will it permit any
Subsidiary to, enter into any Hedging Agreement, except (a) Hedging Agreements
required by Section 5.15 or entered into to hedge or mitigate risks to which
the Borrower or any Subsidiary has actual exposure (other than those in respect
of shares of Equity Interests in the Borrower or any Subsidiary) and (b)
Hedging Agreements entered into in order to effectively cap, collar or exchange
interest rates (from fixed to floating rates, from one floating rate to another
floating rate or otherwise) with respect to any interest-bearing liability or
investment of the Borrower or any Subsidiary.

SECTION 6.08. 
Restricted Payments; Certain Payments of Indebtedness.  (a) 
The Borrower will not, nor will it permit any Subsidiary to, declare or
make, or agree to pay or make, directly or indirectly, any Restricted Payment,
or incur any obligation (contingent or otherwise) to do so, except:

(i) any Subsidiary may declare and pay dividends ratably with respect
to its Equity Interests;

 74
 

(ii) the Borrower may declare and pay dividends with respect to its
Equity Interests payable solely in shares of its common stock;

(iii) the Borrower may repurchase outstanding Equity Interests of the
Borrower; provided that (A) at the time of and after giving effect to
each such repurchase no Default shall have occurred and be continuing, (B) the
aggregate amount of such repurchases shall not exceed $10,000,000 during any
fiscal year (increased by the amount, if any, by which such repurchases during
the immediately preceding fiscal year shall have been less than $10,000,000);
and (C) the aggregate amount of all such repurchases during the term of this
Agreement shall not exceed $50,000,000; and

(iv) the Borrower may pay cash dividends in respect of its Equity
Interests, and may repurchase such Equity Interests without regard to the
limitations contained in clauses (B) and (C) of the preceding clause (iii), at
any time when the Leverage Ratio as of the end of and for the most recent
period of four fiscal quarters for which financial statements shall have been
delivered pursuant to Section 5.01(a) or (b) shall not have been greater than
1.00 to 1.00; provided that at the time of and after giving effect to
the payment of each such cash dividend and each such repurchase no Default
shall have occurred and be continuing.

(b)  The Borrower will not,
nor will it permit any Subsidiary to, make or agree to pay or make, directly or
indirectly, any payment or other distribution (whether in cash, securities or
other property) in respect of principal of or interest on any Indebtedness, or
any payment or other distribution (whether in cash, securities or other
property), including any sinking fund or similar deposit, on account of the
purchase, redemption, retirement, acquisition, cancelation or termination of
any Indebtedness, or any other payment (including any payment under any Hedging
Agreement) that has a substantially similar effect to any of the foregoing,
except:

(i) payments in respect of Indebtedness under the Loan Documents;

(ii) scheduled or other mandatory payments of principal and interest as
and when due in respect of any Indebtedness; provided, that in the case
of any subordinated Indebtedness such payments shall not be prohibited by
applicable subordination provisions;

(iii) repayments of secured Indebtedness that becomes due as a result
of voluntary sales or transfers of the property or assets securing such
Indebtedness; provided, that such sales or transfers are permitted by
this Agreement; and

(iv) repayments of Indebtedness owed to Loan Parties.

SECTION 6.09. 
Transactions with Affiliates.  (a) 
The Borrower will not, nor will it permit any Subsidiary to, sell,
lease, license or otherwise transfer any property or assets to, or purchase,
lease, license or otherwise acquire any property or assets from, 

 75
 

or otherwise engage in any other transactions with, any of its
Affiliates, except (i) transactions at prices and on terms and conditions
not less favorable to the Borrower or such Subsidiary than could be obtained on
an arm’s-length basis from unrelated third parties, (ii) transactions between
or among Loan Parties not involving any other Affiliate, (iii) the payment of
reasonable fees to directors of the Borrower or any Subsidiary, and
compensation and employee benefit arrangements paid to, and indemnities
provided for the benefit of, directors, officers or employees of the Borrower
or the Subsidiaries in the ordinary course of business, (iv) any issuances of
securities or other payments, awards or grants in cash, securities or otherwise
pursuant to, or the funding of, employment agreements, stock options and stock
ownership plans approved by the Borrower’s board of directors, (v) employment
and severance arrangements entered into in the ordinary course of business
between the Borrower or any Subsidiary and any employee thereof and approved by
the Borrower’s board of directors, as applicable and (x) any Restricted Payment
permitted by Section 6.08.

SECTION 6.10. 
Restrictive Agreements.  The Borrower will not, nor will it permit any
Subsidiary to, directly or indirectly, enter into, incur or permit to exist any
agreement or other arrangement that prohibits, restricts or imposes any
condition upon (a) the ability of the Borrower or any Subsidiary to create,
incur or permit to exist any Lien upon any of its property or assets or (b) the
ability of any Subsidiary to pay dividends or other distributions with respect
to any of its Equity Interests or the ability of any Subsidiary to make or
repay loans or advances to the Borrower or any Subsidiary or to Guarantee Indebtedness
of the Borrower or any Subsidiary; provided that (i) the foregoing shall
not apply to restrictions and conditions imposed by law or by any Loan
Document, (ii) the foregoing shall not apply to restrictions and conditions
existing on the date hereof identified on Schedule 6.10 (or to any
extension, renewal or replacement of, or any amendment or modification not
expanding the scope of, any such restriction or condition), (iii) the foregoing
shall not apply to customary restrictions and conditions contained in
agreements relating to the sale of a Subsidiary or any assets pending such
sale, provided that such restrictions and conditions apply only to the
Subsidiary or assets to be sold and such sale is permitted hereunder, (iv)
clause (a) of the foregoing shall not apply to restrictions or conditions
imposed by any agreement relating to secured Indebtedness permitted by this
Agreement if such restrictions or conditions apply only to the property or
assets securing such Indebtedness and (v) clause (a) of the foregoing shall not
apply to customary provisions in leases and other contracts restricting the
assignment thereof.

SECTION 6.11. 
Amendment of Material Documents.  The Borrower will not, nor will it permit any
Subsidiary to, amend, modify, waive, terminate or release (a) its
certificate of incorporation, by-laws or other organizational documents or (b)
any other indenture, agreement or instrument in respect of any Material
Indebtedness, in each case if the effect of such amendment, modification, waiver,
termination or release could be materially adverse to the Borrower, any
Subsidiary or the Lenders.

SECTION 6.12. 
Fixed Charge Coverage Ratio.  The Borrower will not permit the Fixed Charge
Coverage Ratio for any period of four consecutive fiscal 

 76
 

quarters
ending on a date during any period set forth below to exceed the ratio set
forth opposite such period:

	
  Period

  	
   

  	
  Ratio

  
	
  Closing Date
  through June 30, 2007

  	
   

  	
  1.25 to 1.00

  
	
  July 1, 2007 and
  thereafter

  	
   

  	
  1.50 to 1.00

  

 

SECTION 6.13. 
Leverage Ratio. 
The Borrower will not permit the Leverage Ratio as of any date during
any period set forth below to exceed the ratio set forth below opposite such
period:

	
  Period

  	
   

  	
  Ratio

  
	
  Closing Date
  through December 31, 2007

  	
   

  	
  2.50 to 1.00

  
	
  January 1, 2008
  and thereafter

  	
   

  	
  2.00 to 1.00

  

 

SECTION 6.14. 
Quarterly Subscription Revenue.  The Borrower will not permit the Quarterly
Subscription Revenue to be less than the amount set forth in Schedule 6.14.

SECTION 6.15. 
 Changes in Fiscal Periods.  The Borrower shall not (a) permit its fiscal
year or the fiscal year of any Subsidiary to end on a day other than December
31 or (b) change or permit any Subsidiary to change its method of determining
fiscal quarters.

ARTICLE
VII

Events
of Default

SECTION 7.01. 
Events of Default. 
If any of the following events (any such event, an “Event of Default”)
shall occur:

(a)  the Borrower shall fail to
pay any principal of any Loan or any reimbursement obligation in respect of any
LC Disbursement when and as the same shall become due and payable, whether at
the due date thereof or at a date fixed for prepayment thereof or otherwise;

(b)  the Borrower shall fail to
pay any interest on any Loan or LC Disbursement payable under this Agreement or
any other Loan Document, when and as the same shall become due and payable, and
such failure shall continue unremedied for a period of five Business Days;

(c) 
the Borrower shall fail to pay any fee or any other amount (other than
an amount referred to in clause (a) or (b) of this Article) payable under this
Agreement or any other Loan Document, when and as the same shall become due 

 77
 

and payable,
and such failure shall continue unremedied for a period of seven Business Days;

(d)  any representation or
warranty made or deemed made by or on behalf of the Borrower or any Subsidiary
in or in connection with any Loan Document or any amendment or modification
thereof or waiver thereunder, or any report, certificate, financial statement
or other document furnished pursuant to or in connection with any Loan Document
or any amendment or modification thereof or waiver thereunder, shall prove to
have been incorrect in any material respect when made or deemed made;

(e)  The Borrower shall fail to
observe or perform any covenant, condition or agreement contained in Section
5.02, 5.04 (with respect to the existence of the Borrower) or 5.11 or in
Article VI;

(f)  any Loan Party shall fail to
observe or perform any covenant, condition or agreement contained in any Loan
Document (other than those specified in clauses (a), (b), (c) and (e) of this
Article), and such failure shall continue unremedied for a period of 30 days
after notice thereof from any Lender or the Administrative Agent to the
Borrower (which notice shall be given at the request of any Lender);

(g)  the Borrower or any
Subsidiary shall fail to make any payment (whether of principal or interest and
regardless of amount) in respect of any Material Indebtedness, when and as the
same shall become due and payable (after giving effect to any applicable grace
periods);

(h)  any event or condition
occurs that results in any Material Indebtedness becoming due prior to its
scheduled maturity or that enables or permits (with or without the giving of
notice, the lapse of time or both) the holder or holders of any Material
Indebtedness or any trustee or agent on its or their behalf to cause any
Material Indebtedness to become due, or to require the prepayment, repurchase,
redemption or defeasance thereof, prior to its scheduled maturity; provided
that this clause (h) shall not apply to secured Indebtedness that becomes
due as a result of the sale, transfer or other disposition (including as a
result of a casualty or condemnation event) of the property or assets securing
such Indebtedness (to the extent such sale, transfer or other disposition is
not prohibited under this Agreement);

(i)  (i)  an involuntary proceeding shall be commenced
or an involuntary petition shall be filed seeking (A) liquidation,
reorganization or other relief in respect of the Borrower or any Subsidiary or
its debts, or of a substantial part of its assets, under any Federal, state or
foreign bankruptcy, insolvency, receivership or similar law now or hereafter in
effect or (B) the appointment of a receiver, trustee, custodian, sequestrator,
conservator or similar official for the Borrower or any Subsidiary or for a
substantial part of its assets, and, in any such case, such proceeding or
petition shall continue undismissed for 60 days or an order or

 78

decree
approving or ordering any of the foregoing shall be entered; (ii) the
Securities Investor Protection Corporation shall apply for a protective decree
with respect to any Broker-Dealer Subsidiary as provided in the Securities
Investor Protection Act and such application shall remain undismissed for a
period of 30 days; or (iii) the Commodity Futures Trading Commission shall
apply for a receiver with respect to any FCM Subsidiary as provided in the
Commodity Exchange Act and such application shall remain undismissed for a
period of 30 days.

(j)  the Borrower or any
Subsidiary shall (i) voluntarily commence any proceeding or file any petition
seeking liquidation, reorganization or other relief under any Federal, state or
foreign bankruptcy, insolvency, receivership or similar law now or hereafter in
effect, (ii) consent to the institution of, or fail to contest in a timely and
appropriate manner, any proceeding or petition described in clause (i) of this
Article, (iii) apply for or consent to the appointment of a receiver, trustee,
custodian, sequestrator, conservator or similar official for the Borrower or
any Subsidiary or for a substantial part of its assets, (iv) file an answer
admitting the material allegations of a petition filed against it in any such
proceeding, (v) make a general assignment for the benefit of creditors or (vi)
take any action for the purpose of effecting any of the foregoing;

(k)  the Borrower or any
Subsidiary shall become unable, admit in writing its inability or fail
generally to pay its debts as they become due;

(l)  one or more judgments for
the payment of money in an aggregate amount in excess of $2,500,000 shall be
rendered against the Borrower, any Subsidiary or any combination thereof and
the same shall remain undischarged for a period of 30 consecutive days during
which execution shall not be effectively stayed, or any action shall be legally
taken by a judgment creditor to attach or levy upon any assets of the Borrower
or any Subsidiary to enforce any such judgment;

(m)  an ERISA Event shall have
occurred that, in the judgment of the Required Lenders, when taken together
with all other ERISA Events that have occurred could reasonably be expected to
result in a Material Adverse Effect;

(n)  any Lien purported to be
created under any Security Document shall cease to be, or shall be asserted by
any Loan Party not to be, a valid and perfected Lien on any material
Collateral, with the priority required by the applicable Security Document,
except (i) as a result of the sale or other disposition of the applicable
Collateral in a transaction permitted under the Loan Documents or (ii) as a
result of the Administrative Agent’s failure to maintain possession of any
stock certificates, promissory notes or other instruments delivered to it under
the Collateral Agreement;

 79
 

(o)  any Loan Document or any
Guarantee of the Obligations shall for any reason be asserted by any Loan Party
not to be a legal, valid and binding obligation of any Loan Party party
thereto;

(p)  the Guarantees of the Obligations
shall cease to be in full force and effect (in each case, other than in
accordance with the terms of the Loan Documents); or

(q)  a Change in Control shall
occur;

then, and in every such event (other than an event
with respect to the Borrower described in clause (i) or (j) of this Article),
and at any time thereafter during the continuance of such event, the
Administrative Agent may, and at the request of the Required Lenders shall, by
notice to the Borrower, take either or both of the following actions, at the
same or different times:  (i) terminate
the Commitments, and thereupon the Commitments shall terminate immediately,
(ii) declare the Loans then outstanding to be due and payable in whole (or in
part, in which case any principal not so declared to be due and payable may
thereafter be declared to be due and payable), and thereupon the principal of
the Loans so declared to be due and payable, together with accrued interest
thereon and all fees and other obligations of the Borrower accrued hereunder,
shall become due and payable immediately, without presentment, demand, protest
or other notice of any kind, all of which are hereby waived by the Borrower and
(iii) demand cash collateral pursuant to Section 2.05(j); and in case of any
event with respect to the Borrower described in clause (h) or (i) of this
Article, the Commitments shall automatically terminate, the principal of the
Loans then outstanding, together with accrued interest thereon and all fees and
other obligations of the Borrower accrued hereunder, shall automatically become
due and payable and the Administrative Agent shall be deemed to have made a
demand for cash collateral pursuant to Section 2.05(j), without presentment,
demand, protest or other notice of any kind, all of which are hereby waived by
the Borrower.

ARTICLE
VIII

The
Administrative Agent

Each of the Lenders and the Issuing Bank hereby
irrevocably appoints the Administrative Agent as its agent and authorizes the
Administrative Agent to take such actions on its behalf and to exercise such
powers as are delegated to the Administrative Agent by the terms of the Loan
Documents, together with such actions and powers as are reasonably incidental
thereto.  The provisions of this Article
are solely for the benefit of the Administrative Agent, the Lenders and the
Issuing Bank, and the Borrower shall not have rights as a third party
beneficiary of any of such provisions (it being agreed, however, that the
Borrower shall be entitled to assume that all actions purported to be taken by
the Administrative Agent hereunder are taken pursuant to authority granted to
the Administrative Agent hereunder).

The bank serving as the Administrative Agent hereunder
shall have the same rights and powers in its capacity as a Lender as any other
Lender and may exercise 

 80
 

the same as though it
were not the Administrative Agent, and such bank and its Affiliates may accept
deposits from, lend money to and generally engage in any kind of business with
the Borrower or any Subsidiary or other Affiliate thereof as if it were not the
Administrative Agent hereunder.

The Administrative Agent shall not have any duties or
obligations except those expressly set forth in the Loan Documents.  Without limiting the generality of the
foregoing, (a) the Administrative Agent shall not be subject to any fiduciary
or other implied duties, regardless of whether a Default has occurred and is
continuing, (b) the Administrative Agent shall not have any duty to take any
discretionary action or exercise any discretionary powers, except discretionary
rights and powers expressly contemplated by the Loan Documents that the
Administrative Agent is required to exercise in writing as directed by the
Required Lenders (or such other number or percentage of the Lenders as shall be
necessary or believed by the Administrative Agent in good faith to be necessary
under the circumstances as provided in Section 2.05(j) or Section 9.02) and
(c) except as expressly set forth in the Loan Documents, the
Administrative Agent shall not have any duty to disclose, and shall not be
liable for the failure to disclose, any information relating to the Borrower or
any Subsidiary that is communicated to or obtained by the bank serving as
Administrative Agent or any of its Affiliates in any capacity.  The Administrative Agent shall not be liable
for any action taken or not taken by it with the consent or at the request of
the Required Lenders (or such other number or percentage of the Lenders as
shall be necessary under the circumstances as provided in Section 2.05(j) or
Section 9.02) or in the absence of its own gross negligence or wilful
misconduct.  The Administrative Agent
shall be deemed not to have knowledge of any Default unless and until written
notice thereof is given to the Administrative Agent by the Borrower or a
Lender, and the Administrative Agent shall not be responsible for or have any
duty to ascertain or inquire into (i) any statement, warranty or representation
made in or in connection with any Loan Document, (ii) the contents of any
certificate, report or other document delivered thereunder or in connection
therewith, (iii) the performance or observance of any of the covenants,
agreements or other terms or conditions set forth in any Loan Document or the
occurrence of any Default, (iv) the validity, enforceability,
effectiveness or genuineness of any Loan Document or any other agreement,
instrument or document, or (v) the satisfaction of any condition set forth
in Article IV or elsewhere in any Loan Document, other than to confirm receipt
of items expressly required to be delivered to the Administrative Agent.

The Administrative Agent shall be entitled to rely
upon, and shall not incur any liability for relying upon, any notice, request,
certificate, consent, statement, instrument, document or other writing
(including any electronic message, Internet or intranet website posting or
other distribution) believed by it to be genuine and to have been signed (or
otherwise authenticated) or sent by the proper Person.  The Administrative Agent also may rely upon
any statement made to it orally or by telephone and believed by it to be made
by the proper Person, and shall not incur any liability for relying
thereon.  The Administrative Agent may
consult with legal counsel (who may be counsel for the Borrower), independent
accountants and other experts selected by it, and 

 81
 

shall not be liable for any action taken or not taken
by it in accordance with the advice of any such counsel, accountants or
experts.

The Administrative Agent may perform any and all its
duties and exercise its rights and powers by or through any one or more
sub-agents appointed by the Administrative Agent.  The Administrative Agent and any such
sub-agent may perform any and all its duties and exercise its rights and powers
through their respective Related Parties. 
The exculpatory provisions of this Article shall apply to any such
sub-agent and to the Related Parties of the Administrative Agent and any such
sub-agent, and shall apply to their respective activities in connection with
the syndication of the credit facilities provided for herein as well as
activities as Administrative Agent.

Subject to the appointment and acceptance of a
successor Administrative Agent as provided in this paragraph, the
Administrative Agent may resign at any time by notifying the Lenders, the
Issuing Bank and the Borrower.  Upon any
such resignation, the Required Lenders shall have the right, in consultation
with the Borrower, to appoint a successor. 
If no successor shall have been so appointed by the Required Lenders and
shall have accepted such appointment within 30 days after the retiring
Administrative Agent gives notice of its resignation, then the retiring
Administrative Agent may, on behalf of the Lenders and the Issuing Bank,
appoint a successor Administrative Agent that shall be a bank with an office in
New York, New York, or an Affiliate of any such bank.  Upon the acceptance of its appointment as
Administrative Agent hereunder by a successor, such successor shall succeed to
and become vested with all the rights, powers, privileges and duties of the
retiring Administrative Agent, and the retiring Administrative Agent shall be
discharged from its duties and obligations under the Loan Documents.  The fees payable by the Borrower to a
successor Administrative Agent shall be the same as those payable to its
predecessor unless otherwise agreed between the Borrower and such
successor.  After the Administrative
Agent’s resignation hereunder, the provisions of this Article and Section 9.03
shall continue in effect for the benefit of such retiring Administrative Agent,
its sub-agents and their respective Related Parties in respect of any
actions taken or omitted to be taken by any of them while it was acting as
Administrative Agent.

Each Lender and the Issuing Bank acknowledges that it
has, independently and without reliance upon the Administrative Agent or any
other Lender or any of their Related Parties and based on such documents and
information as it has deemed appropriate, made its own credit analysis and
decision to enter into this Agreement. 
Each Lender and the Issuing Bank also acknowledges that it will,
independently and without reliance upon the Administrative Agent or any other
Lender or any of their Related Parties and based on such documents and
information as it shall from time to time deem appropriate, continue to make
its own decisions in taking or not taking action under or based upon this
Agreement, any other Loan Document or any related agreement or any document
furnished hereunder or thereunder. 
Notwithstanding anything herein to the contrary, no arranger or
bookrunner listed on the cover page hereof shall, in its capacity as such, have
any power, duty or responsibility under any Loan Document.

 82
 

ARTICLE
IX

 

Miscellaneous

 

SECTION 9.01. 
Notices.  (a) 
Except in the case of notices and other communications expressly
permitted to be given by telephone, all notices and other communications
provided for herein shall be in writing and shall be delivered by hand or
overnight courier service, mailed by certified or registered mail or sent by
telecopy, as follows:

(i) if to the Borrower, to INVESTools Inc., 13947 South Minuteman
Drive, Draper, UT 84020, Attention of Ida Kane, Chief Financial Officer
(Telecopy No. 801-816-6010);

(ii) if to the Administrative Agent, the Issuing Bank or the Swingline
Lender, to JPMorgan Chase Bank, N.A., Loan and Agency Services Group, 10 South
Dearborn, Floor 07, Chicago, IL 60603-2003, Attention of Lillian A. Arroyo
(Telecopy No. 312-732-1544); and

(iii) if to any Lender, to it at its address (or telecopy number) set
forth in its Administrative Questionnaire.

(b)  Notices and other
communications to the Lenders hereunder may be delivered or furnished by
electronic communications pursuant to procedures approved by the Administrative
Agent; provided that the foregoing shall not apply to notices pursuant
to Article II unless otherwise agreed by the Administrative Agent and the
applicable Lender.  The Administrative
Agent or the Borrower may, in its discretion, agree to accept notices and other
communications to it hereunder by electronic communications pursuant to
procedures approved by it; provided that approval of such procedures may
be limited to particular notices or communications.

(c)  Any party hereto may
change its address or telecopy number for notices and other communications
hereunder by notice to the other parties hereto.  All notices and other communications given to
any party hereto in accordance with the provisions of this Agreement shall be
deemed to have been given on the date of receipt.

SECTION 9.02. 
Waivers; Amendments.  (a)  No
failure or delay by the Administrative Agent, the Issuing Bank or any Lender in
exercising any right or power hereunder or under any other Loan Document shall
operate as a waiver thereof, nor shall any single or partial exercise of any
such right or power, or any abandonment or discontinuance of steps to enforce
such a right or power, preclude any other or further exercise thereof or the
exercise of any other right or power. 
The rights and remedies of the Administrative Agent, the Issuing Bank
and the Lenders hereunder and under the other Loan Documents are cumulative and
are not exclusive of any rights or remedies that they would otherwise
have.  No waiver of any provision of any
Loan Document or consent to any departure by any Loan Party therefrom shall in
any event be effective unless the same shall be permitted by paragraph (b) of
this Section, and then such waiver 

 83
 

or consent shall be effective only in the specific instance and for the
purpose for which given.  Without
limiting the generality of the foregoing, the making of a Loan or issuance,
amendment, renewal or extension of a Letter of Credit shall not be construed as
a waiver of any Default, regardless of whether the Administrative Agent, any
Lender or the Issuing Bank may have had notice or knowledge of such Default at
the time.  No notice or demand on the
Borrower in any case shall entitle the Borrower to any other or further notice
or demand in similar or other circumstances.

(b)  Neither this Agreement
nor any other Loan Document nor any provision hereof or thereof may be waived,
amended or modified except, in the case of this Agreement, pursuant to an
agreement or agreements in writing entered into by the Borrower and the
Required Lenders or, in the case of any other Loan Document, pursuant to an
agreement or agreements in writing entered into by the Administrative Agent and
the Loan Party or Loan Parties that are parties thereto, in each case with the
consent of the Required Lenders; provided that no such agreement shall
(i) increase the Commitment of any Lender without the written consent of such
Lender, (ii) reduce the principal amount of any Loan or LC Disbursement or
reduce the rate of interest thereon, or reduce any fees payable hereunder,
without the written consent of each Lender affected thereby, (iii) postpone the
maturity of any Loan, or any date of scheduled payment of the principal amount
of any Term Loan under Section 2.10, or the required date of reimbursement of
any LC Disbursement, or any date for the payment of any interest or fees
payable hereunder, or reduce the amount of, waive or excuse any such payment,
or postpone the scheduled date of expiration of any Commitment, without the
written consent of each Lender affected thereby, (iv) change Section 2.18(b) or
(c) or any other provision of this Agreement, in each case in a manner that
would alter the pro rata sharing of payments required thereby, or any other
provision of this Agreement requiring that Loans be made by, or payments
allocated among, the Lenders on a pro rata basis, without the written consent
of each Lender, (v) change any of the provisions of this Section or the
percentage set forth in the definition of “Required Lenders” or any
other provision of any Loan Document specifying the number or percentage of
Lenders (or Lenders of any Class) required to waive, amend or modify any rights
thereunder or make any determination or grant any consent thereunder, without
the written consent of each Lender (or each Lender of such Class, as the case
may be), (vi) release the Borrower or any Subsidiary Loan Party from its
Guarantee under the Collateral Agreement, or limit its liability in respect of
such Guarantee (in each case except as expressly provided in the Collateral Agreement),
without the written consent of each Lender, (vii) release all or substantially
all of the Collateral from the Liens of the Security Documents, without the
written consent of each Lender or (viii) change any provisions of any Loan
Document in a manner that by its terms adversely affects the rights of Lenders
holding Loans of any Class differently than those holding Loans of any other
Class, without the written consent of Lenders holding a majority in interest of
the outstanding Loans and unused Commitments of each affected Class or (ix)
limit the rights of the Tranche B Lenders to decline mandatory prepayments as
provided in Section 2.11, without the written consent of Tranche B Lenders
holding a majority of the outstanding Tranche B Loans; provided  further
that (A) no such agreement shall amend, modify or otherwise affect the rights
or duties of the Administrative Agent, the Issuing Bank or the Swingline Lender
without the 

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prior written consent of the Administrative Agent, the Issuing Bank or
the Swingline Lender, as the case may be, and (B) any waiver, amendment or
modification of this Agreement that by its terms affects the rights or duties
under this Agreement of the Revolving Lenders (but not of the Tranche A Lenders
and Tranche B Lenders), the Tranche A Lenders (but not the Revolving Lenders
and the Tranche B Lenders) or the Tranche B Lenders (but not the Revolving
Lenders or the Tranche A Lenders) may be effected by an agreement or agreements
in writing entered into by the Borrower and the requisite percentage in
interest of the affected Class of Lenders that would be required to consent
thereto under this Section if such Class of Lenders were the only Class of
Lenders hereunder at the time.

SECTION 9.03. 
Expenses; Indemnity; Damage Waiver.  (a) 
The Borrower shall pay (i) all reasonable out-of-pocket
expenses incurred by the Administrative Agent, the Arranger, the Issuing Bank
and their Affiliates, including the reasonable fees, charges and disbursements
of counsel for the Administrative Agent and expenses incurred in connection
with due diligence, in connection with the arrangement and the syndication of
the credit facilities provided for herein, the preparation, execution and
delivery and administration of the Loan Documents or any amendments,
modifications or waivers of the provisions thereof (whether or not the
transactions contemplated hereby or thereby shall be consummated), (ii) all
reasonable out-of-pocket expenses incurred by the Issuing Bank in
connection with the issuance, amendment, renewal or extension of any Letter of
Credit or any demand for payment thereunder, (iii) all out-of-pocket expenses
incurred by the Administrative Agent, the Issuing Bank or any Lender, including
the fees, charges and disbursements of any counsel for the Administrative
Agent, the Issuing Bank or any Lender, in connection with the enforcement or
protection of its rights in connection with the Loan Documents, including its
rights under this Section, or in connection with the Loans made or Letters of
Credit issued hereunder, including all such out-of-pocket expenses
incurred during any workout, restructuring or negotiations in respect of such
Loans or Letters of Credit and (iv) all documentary taxes associated with this
Agreement or any other Loan Document.

(b)  The Borrower shall
indemnify the Administrative Agent, the Issuing Bank, each Lender and each
Related Party of any of the foregoing Persons (each such Person being called an
“Indemnitee”) against, and hold each Indemnitee harmless from, any and
all losses, claims, damages, liabilities and related expenses, including the
reasonable fees, charges and disbursements of any counsel for any Indemnitee,
incurred by or asserted against any Indemnitee arising out of, in connection
with, or as a result of (i) the arrangement and the syndication of the credit
facilities provided for herein, the preparation, execution or delivery and
administration of the Loan Documents or any other agreement or instrument
contemplated hereby or thereby, the performance by the parties to the Loan
Documents of their respective obligations thereunder or the consummation of the
transactions contemplated thereby, (ii) any Loan or Letter of Credit or the use
of the proceeds therefrom (including any refusal by the Issuing Bank, to honor
a demand for payment under a Letter of Credit if the documents presented in
connection with such demand do not strictly comply with the terms of such
Letter of Credit), (iii) any actual or alleged presence or release of Hazardous
Materials on any Mortgaged Property 

 85
 

or any other  property at any
time (including prior to the date hereof) owned or operated by the Borrower or
any Subsidiary, or any other Environmental Liability related in any way to the
Borrower or any Subsidiary or (iv) any actual or prospective claim, litigation,
investigation or proceeding relating to any of the foregoing, whether based on
contract, tort or any other theory, whether brought by a third party or by the
Borrower or any Subsidiary or any of their Affiliates and regardless of whether
any Indemnitee is a party thereto; provided that such indemnity shall
not, as to any Indemnitee, be available to the extent that such losses, claims,
damages, liabilities or related expenses (i) are found by a final,
nonappealable judgment of a court of competent jurisdiction to have resulted
from the gross negligence or wilful misconduct of such Indemnitee or (ii)
result from any litigation or proceeding 
brought by an Indemnitee solely against one or more other Indemnitees
and not involving the breach of a representation and warranty, the
non-compliance with an obligation or a wrongful or negligent act or omission,
in each case by the Borrower or any of its Affiliates.

(c)  To the extent that the
Borrower fails to pay any amount required to be paid by it to the
Administrative Agent or the Issuing Bank under paragraph (a) or (b) of this
Section, each Lender severally agrees to pay to the Administrative Agent or the
Issuing Bank, as the case may be, such Lender’s pro rata share (determined as
of the time that the applicable unreimbursed expense or indemnity payment is
sought) of such unpaid amount; provided that the unreimbursed expense or
indemnified loss, claim, damage, liability or related expense, as the case may
be, was incurred by or asserted against the Administrative Agent or the Issuing
Bank in its capacity as such.  For
purposes hereof, a Lender’s “pro rata share” shall be determined based
upon its share of the aggregate Revolving Exposures, outstanding Term Loans and
unused Commitments at the time.  The
obligations of the Lenders under this paragraph (c) are subject to the last
sentence of Section 2.02(a) (which shall apply mutatis  mutandis
to the Lenders’ obligations under this paragraph (c)).

(d)  To the extent
permitted by applicable law, the Borrower shall not assert, and hereby waives,
any claim against any Indemnitee, on any theory of liability, for special,
indirect, consequential or punitive damages (as opposed to direct or actual
damages) arising out of, in connection with, or as a result of, any Loan
Document or any agreement or instrument contemplated thereby, the transactions
contemplated thereby, any Loan or Letter of Credit or the use of the proceeds
thereof.

(e)  All amounts due under
this Section shall be payable not later than three Business Days after written
demand therefor.

SECTION 9.04. 
Successors and Assigns.  (a) 
The provisions of this Agreement shall be binding upon and inure to the
benefit of the parties hereto and their respective successors and assigns
permitted hereby (including any Affiliate of the Issuing Bank that issues any
Letter of Credit), except that (i) the Borrower may not assign or otherwise
transfer any of its rights or obligations hereunder without the prior written
consent of each Lender (and any attempted assignment or transfer by the
Borrower without such consent shall be null and void) and (ii) no Lender may
assign or otherwise transfer its rights or obligations hereunder except in
accordance with this Section.  

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Nothing in this Agreement, expressed or implied, shall be construed to
confer upon any Person (other than the parties hereto, their respective
successors and assigns permitted hereby (including any Affiliate of the Issuing
Bank that issues any Letter of Credit), Participants (to the extent provided in
paragraph (c) of this Section) and, to the extent expressly contemplated
hereby, the Related Parties of each of the Administrative Agent, the Issuing
Bank and the Lenders) any legal or equitable right, remedy or claim under or by
reason of this Agreement.

(b)  (i)  Subject to the conditions set forth in clause
(b)(ii) below, any Lender may assign to one or more assignees all or a portion
of its rights and obligations under this Agreement (including all or a portion
of its Commitment and the Loans at the time owing to it) with the prior written
consent (such consent not to be unreasonably withheld or delayed) of (A) in the
case of any assignment of any Revolving Commitment, any Revolving Loan, any
Tranche A Commitment or any Tranche A Term Loan, the Borrower, provided
that no consent of the Borrower shall be required for an assignment to a
Lender, an Affiliate of a Lender, an Approved Fund (as defined below) or, if an
Event of Default has occurred and is continuing, any other assignee, (B) in the
case of any assignment of any Revolving Commitment, any Revolving Loan, any
Tranche A Commitment or any Tranche A Term Loan, the Administrative Agent, provided
that no consent of the Administrative Agent shall be required for an assignment
of all or any portion of (i) a Revolving Loan or Revolving Commitment to a
Lender with a Revolving Commitment immediately prior to such assignment or (ii)
a Tranche A Term Loan or Tranche A Commitment to a Revolving Lender or a
Tranche A Lender, an Affiliate of such Lender or an Approved Fund and (C) in
the case of any assignment of any Revolving Commitment, the Issuing Bank and
the Swingline Lender.

(ii) Assignments shall be subject to the following additional
conditions: (A) except in the case of an assignment to a Lender, an Affiliate
of a Lender or an Approved Fund or an assignment of the entire remaining amount
of the assigning Lender’s Commitment or Loans of any Class, the amount of the
Commitment or Loans of the assigning Lender subject to each such assignment
(determined as of the date the Assignment and Assumption with respect to such
assignment is delivered to the Administrative Agent) shall not be less than
$2,500,000 or, in the case of a Term Loan, $1,000,000, unless the Borrower and
the Administrative Agent otherwise consent (such consent not to be unreasonably
withheld or delayed), provided that no such consent of the Borrower
shall be required if an Event of Default has occurred and is continuing, (B)
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, provided
that this clause (B) shall not be construed to prohibit assignment of a
proportionate part of all the assigning Lender’s rights and obligations in
respect of one Class of Commitments or Loans, (C) the parties to each
assignment shall execute and deliver to the Administrative Agent an Assignment
and Assumption, together with a processing and recordation fee of $3,500, provided
that assignments made pursuant to Section 2.19(b) shall not require the
signature of the assigning Lender to become effective, (D) the assignee, if it
shall not be a Lender, shall deliver to the Administrative Agent any 

 87
 

tax forms
required by Section 2.17(e) and an Administrative Questionnaire in which the
assignee designates one or more credit contacts to whom all syndicate-level
information (which may contain material non-public information about the
Borrower, the other Loan Parties and their Related Parties or their respective
securities) will be made available and who may receive such information in
accordance with the assignee’s compliance procedures and applicable laws,
including Federal and state securities laws.

For purposes of paragraph (b) of this Section, the
term “Approved Fund” has the following meaning:

“Approved Fund” means with respect to any
Lender that is a fund that invests in bank loans and similar extensions of
credit, any other fund that invests in bank loans and similar extensions of
credit and is managed by the same investment advisor as such Lender or by an
Affiliate of such investment advisor.

(iii) Subject to acceptance and recording thereof pursuant to clause
(b)(v) of this Section, from and after the effective date specified in each
Assignment and Assumption the assignee thereunder shall be a party hereto and,
to the extent of the interest assigned by such Assignment and Assumption, have
the rights and obligations of a Lender under this Agreement, and the assigning
Lender thereunder shall, to the extent of the interest assigned by such
Assignment and Assumption, be released from its obligations under this
Agreement (and, in the case of an Assignment and Assumption covering all of the
assigning Lender’s rights and obligations under this Agreement, such Lender
shall cease to be a party hereto but shall continue to be entitled to the
benefits of Sections 2.15, 2.16, 2.17 and 9.03 and to any fees payable
hereunder that have accrued for such Lender’s account but have not yet been
paid).  Any assignment or transfer by a
Lender of rights or obligations under this Agreement that does not comply with
this Section 9.04 shall be treated for purposes of this Agreement as a sale by
such Lender of a participation in such rights and obligations in accordance
with paragraph (c) of this Section.

(iv) The Administrative Agent, acting for this purpose as an agent of
the Borrower, shall maintain at one of its offices a copy of each Assignment
and Assumption delivered to it and a register for the recordation of the names
and addresses of the Lenders, and the Commitment of, and principal amount of
the Loans and LC Disbursements owing to, each Lender pursuant to the terms
hereof from time to time (the “Register”).  The entries in the Register shall be
conclusive, and the Borrower, the Administrative Agent, the Issuing Bank and
the Lenders may treat each Person whose name is recorded in the Register
pursuant to the terms hereof as a Lender hereunder for all purposes of this
Agreement, notwithstanding notice to the contrary.  The Register shall be available for
inspection by the Borrower, the Issuing Bank and any Lender, at any reasonable
time and from time to time upon reasonable prior notice.

 

 88

(v) Upon its receipt of a duly completed Assignment and Assumption
executed by an assigning Lender and an assignee, the assignee’s completed
Administrative Questionnaire and any tax forms required by Section 2.17(e)
(unless the assignee shall already be a Lender hereunder), the processing and
recordation fee referred to in paragraph (b) of this Section and any written
consent to such assignment required by paragraph (b) of this Section, the
Administrative Agent shall accept such Assignment and Assumption and record the
information contained therein in the Register. 
No assignment shall be effective for purposes of this Agreement unless
it has been recorded in the Register as provided in this paragraph.

(vi) The words “execution”, “signed”, “signature” and words of like
import in any Assignment and Assumption shall be deemed to include electronic
signatures or the keeping of records in electronic form, each of which shall be
of the same legal effect, validity or enforceability as a manually executed
signature or the use of a paper-based recordkeeping system, as the case may be,
to the extent and as provided for in any applicable law, including the Federal
Electronic Signatures in Global and National Commerce Act, the New York State
Electronic Signatures and Records Act or any other similar state laws based on
the Uniform Electronic Transactions Act.

(c)  (i)  Any Lender may, without the consent of the
Borrower, the Administrative Agent, the Issuing Bank or the Swingline Lender,
sell participations to one or more banks or other entities (a “Participant”)
in all or a portion of such Lender’s rights and obligations under this
Agreement (including all or a portion of its Commitment and the Loans owing to
it); provided that (A) such Lender’s obligations under this Agreement
shall remain unchanged, (B) such Lender shall remain solely responsible to the
other parties hereto for the performance of such obligations and (C) the
Borrower, the Administrative Agent, the Issuing Bank and the other Lenders
shall continue to deal solely and directly with such Lender in connection with
such Lender’s rights and obligations under this Agreement.  Any agreement or instrument pursuant to which
a Lender sells such a participation shall provide that such Lender shall retain
the sole right to enforce the Loan Documents and to approve any amendment,
modification or waiver of any provision of the Loan Documents; provided
that such agreement or instrument may provide that such Lender will not,
without the consent of the Participant, agree to any amendment, modification or
waiver described in the first proviso to Section 9.02(b) that affects such
Participant.  Subject to
clause (c)(ii) of this Section, the Borrower agrees that each Participant
shall be entitled to the benefits of Sections 2.15, 2.16 and 2.17 to the
same extent as if it were a Lender and had acquired its interest by assignment
pursuant to paragraph (b) of this Section. 
To the extent permitted by law, each Participant also shall be entitled
to the benefits of Section 9.08 as though it were a Lender, provided such
Participant agrees to be subject to Section 2.18(c) as though it were a
Lender.

(ii) A Participant shall not be entitled to
receive any greater payment under Section 2.15 or 2.17 than the applicable
Lender would have been entitled to receive with respect to the participation
sold to such Participant, unless the sale of 

 89
 

the
participation to such Participant is made with the Borrower’s prior written
consent.  A Participant that would be a
Foreign Lender if it were a Lender shall not be entitled to the benefits of
Section 2.17 unless the Borrower is notified of the participation sold to
such Participant and such Participant agrees, for the benefit of the Borrower,
to comply with Section 2.17(e) as though it were a Lender.

(d)  Any Lender may at any
time pledge or assign a security interest in all or any portion of its rights
under this Agreement to secure obligations of such Lender, including any pledge
or assignment to secure obligations to a Federal Reserve Bank, and this Section
shall not apply to any such pledge or assignment of a security interest; provided
that no such pledge or assignment of a security interest shall release a Lender
from any of its obligations hereunder or substitute any such pledgee or
assignee for such Lender as a party hereto.

SECTION 9.05. 
Survival.  All covenants, agreements, representations
and warranties made by the Loan Parties in the Loan Documents and in the
certificates or other instruments 
delivered in connection with or pursuant to this Agreement or any other
Loan Document shall be considered to have been relied upon by the other parties
hereto and shall survive the execution and delivery of the Loan Documents and
the making of any Loans and issuance of any Letters of Credit, regardless of
any investigation made by any such other party or on its behalf and
notwithstanding that the Administrative Agent, the Issuing Bank or any Lender
may have had notice or knowledge of any Default or incorrect representation or
warranty at the time any credit is extended hereunder, and shall continue in
full force and effect as long as the principal of or any accrued interest on
any Loan or any fee or any other amount payable under this Agreement is
outstanding and unpaid or any Letter of Credit is outstanding and so long as
the Commitments have not expired or been terminated.  The provisions of the last sentence of the
definition of “Applicable Rate” and of Sections 2.15, 2.16, 2.17 and 9.03
and Article VIII shall survive and remain in full force and effect regardless
of the consummation of the transactions contemplated hereby, the repayment of
the Loans, the expiration or termination of the Letters of Credit and the
Commitments or the termination of this Agreement or any provision hereof.

SECTION 9.06. 
Counterparts; Integration; Effectiveness.  This Agreement may be executed in
counterparts (and by different parties hereto on different counterparts), each
of which shall constitute an original, but all of which when taken together
shall constitute a single contract.  This
Agreement, the other Loan Documents and any separate letter agreements with
respect to fees payable to the Administrative Agent or the syndication of the
Loans and Commitments constitute the entire contract among the parties relating
to the subject matter hereof and supersede any and all previous agreements and
understandings, oral or written, relating to the subject matter hereof.  Except as provided in Section 4.01, this
Agreement shall become effective when it shall have been executed by the
Administrative Agent and when the Administrative Agent shall have received
counterparts hereof which, when taken together, bear the signatures of each of
the other parties hereto, and thereafter shall be binding upon and inure to the

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benefit of the parties hereto and their respective successors and
assigns.  Delivery of an executed
counterpart of a signature page of this Agreement by telecopy or other
electronic imaging means shall be effective as delivery of a manually executed
counterpart of this Agreement.

SECTION 9.07. 
Severability. 
Any provision of this Agreement held to be invalid, illegal or
unenforceable in any jurisdiction shall, as to such jurisdiction, be
ineffective to the extent of such invalidity, illegality or unenforceability
without affecting the validity, legality and enforceability of the remaining
provisions hereof; and the invalidity of a particular provision in a particular
jurisdiction shall not invalidate such provision in any other jurisdiction.

SECTION 9.08. 
Right of Setoff. 
If an Event of Default shall have occurred and be continuing, each
Lender, the Issuing Bank and each of their Affiliates is hereby authorized at
any time and from time to time, to the fullest extent permitted by law, to set
off and apply any and all deposits (general or special, time or demand,
provisional or final, in whatever currency) at any time held and other
obligations (in whatever currency) at any time owing by such Lender, the
Issuing Bank or any such Affiliate to or for the credit or the account of the
Borrower against any of and all the obligations of the Borrower now or
hereafter existing under this Agreement held by such Lender or the Issuing
Bank, irrespective of whether or not such Lender or the Issuing Bank shall have
made any demand under this Agreement and although such obligations may be
unmatured.  The rights of each Lender,
the Issuing Bank and their Affiliates under this Section are in addition to
other rights and remedies (including other rights of setoff) that such Lender,
the Issuing Bank and their Affiliates may have.

SECTION 9.09. 
Governing Law; Jurisdiction; Consent to Service of
Process.  (a) 
This Agreement shall be construed in accordance with and governed by the
law of the State of New York.

(a)  The Borrower hereby
irrevocably and unconditionally submits, for itself and its property, to the
exclusive jurisdiction of the Supreme Court of the State of New York sitting in
New York County and of the United States District Court of the Southern
District of New York, and any appellate court from any thereof, in any action
or proceeding arising out of or relating to any Loan Document, or for
recognition or enforcement of any judgment, and each of the parties hereto
hereby irrevocably and unconditionally agrees that all claims in respect of any
such action or proceeding may be heard and determined in such New York State
or, to the extent permitted by law, in such Federal court.  Each of the parties hereto agrees that a
final judgment in any such action or proceeding shall be conclusive and may be
enforced in other jurisdictions by suit on the judgment or in any other manner
provided by law.  Nothing in this
Agreement or any other Loan Document shall affect any right that the
Administrative Agent, the Issuing Bank or any Lender may otherwise have to
bring any action or proceeding relating to this Agreement or any other Loan
Document against the Borrower or its properties in the courts of any
jurisdiction.

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(b)  The Borrower hereby
irrevocably and unconditionally waives, to the fullest extent it may legally
and effectively do so, any objection which it may now or hereafter have to the
laying of venue of any suit, action or proceeding arising out of or relating to
this Agreement or any other Loan Document in any court referred to in paragraph
(b) of this Section.  Each of the parties
hereto hereby irrevocably waives, to the fullest extent permitted by law, the
defense of an inconvenient forum to the maintenance of such action or
proceeding in any such court.

(c)  Each party to this
Agreement irrevocably consents to service of process in the manner provided for
notices in Section 9.01.  Nothing in this
Agreement or any other Loan Document will affect the right of any party to this
Agreement to serve process in any other manner permitted by law.

SECTION 9.10. 
WAIVER OF JURY TRIAL.  EACH PARTY HERETO HEREBY WAIVES, TO THE
FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY RIGHT IT MAY HAVE TO A TRIAL BY
JURY IN ANY LEGAL PROCEEDING DIRECTLY OR INDIRECTLY ARISING OUT OF OR RELATING
TO THIS AGREEMENT, ANY OTHER LOAN DOCUMENT OR THE TRANSACTIONS CONTEMPLATED
HEREBY OR BY THE OTHER LOAN DOCUMENTS (WHETHER BASED ON CONTRACT, TORT OR ANY
OTHER THEORY).  EACH PARTY HERETO (A)
CERTIFIES THAT NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PARTY HAS
REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PARTY WOULD NOT, IN THE
EVENT OF LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVER AND (B) ACKNOWLEDGES
THAT IT AND THE OTHER PARTIES HERETO HAVE BEEN INDUCED TO ENTER INTO THIS
AGREEMENT BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS
SECTION 9.10.

SECTION 9.11. 
Headings.  Article and Section headings and the Table of
Contents used herein are for convenience of reference only, are not part of
this Agreement and shall not affect the construction of, or be taken into
consideration in interpreting, this Agreement.

SECTION 9.12. 
Confidentiality. 
(a)  Each of the Administrative
Agent, the Issuing Bank and the Lenders 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 (it being understood
that the Persons to whom such disclosure is made will be informed of the
confidential nature of such Information and instructed to keep such Information
confidential), (b) to the extent requested by any regulatory authority,
(c) to the extent required by applicable laws or regulations or by any
subpoena or similar legal process, (d) to any other party to this Agreement,
(e) in connection with the exercise of any remedies hereunder or any suit,
action or proceeding relating to this Agreement or any other Loan Document or
the enforcement of rights hereunder or thereunder, (f) subject to an
agreement containing provisions substantially the same as those of this
Section, to (i) any assignee of or Participant in, or any prospective assignee
of or 

 92
 

Participant in, any of its rights or obligations under this Agreement
or (ii) any actual or prospective counterparty (or its advisors) to any
Hedging Agreement relating to any Loan Party and its obligations under the Loan
Documents, (g) with the consent of the Borrower or (h) to the extent such
Information (i) becomes publicly available other than as a result of a breach
of this Section or (ii) becomes available to the Administrative Agent, the
Issuing Bank or any Lender on a nonconfidential basis from a source other than
the Borrower.  For purposes of this
Section, “Information” means all information received from the Borrower
relating to the Borrower or its business, other than any such information that
is available to the Administrative Agent, the Issuing Bank or any Lender on a
nonconfidential basis prior to disclosure by the Borrower; provided
that, in the case of information received from the Borrower or any Subsidiary
after the date hereof, such information is clearly identified at the time of
delivery as confidential.  Any Person
required to maintain the confidentiality of Information as provided in this
Section shall be considered to have complied with its obligation to do so if
such Person has exercised the same degree of care to maintain the
confidentiality of such Information as such Person would accord to its own
confidential information.

(b)  Each Lender and the
Issuing Bank acknowledges that Information furnished to it pursuant to this
Agreement may include material non-public information concerning the Borrower
and its Related Parties or its or their securities, and confirms that it has
developed compliance procedures regarding the use of material non-public
information and that it will handle such material non-public information in
accordance with the procedures and applicable law, including Federal and State
securities laws.

(c)  All Information,
including requests for waivers and amendments, furnished by the Borrower or the
Administrative Agent pursuant to, or in the course of administering, this
Agreement will be syndicate-level information, which may contain material non-public
information about the Borrower and the Subsidiaries and its and their Related
Parties or securities.  Accordingly, each
Lender represents to the Borrower and the Administrative Agent that it has
identified in its Administrative Questionnaire a credit contact who may receive
information that may contain material non-public information in accordance with
its compliance procedures and applicable law, including Federal and State
securities laws.

SECTION 9.13. 
No Fiduciary Relationship.  The Borrower, on behalf of itself and its
subsidiaries, agrees that in connection with all aspects of the transactions
contemplated hereby and any communications in connection therewith, the
Borrower, each Subsidiary and their Affiliates, on the one hand, and the Administrative
Agent, the Issuing Bank, the Lenders and their Affiliates, on the other hand,
will have a business relationship that does not create, by implication or
otherwise, any fiduciary duty on the part of the Administrative Agent, the
Issuing Bank, the Lenders or their Affiliates, and no such duty will be deemed
to have arisen in connection with any such transactions or communications.

SECTION 9.14. 
USA Patriot Act. 
Each Lender and the Administrative Agent hereby notifies the Borrower
that pursuant to the requirements of the USA Patriot Act (Title III of
Pub. L. 107-56 (signed into law October 26, 2001)) (the “Act”), it may 

 93
 

be required to obtain, verify and record information that identifies
the Borrower and the Subsidiaries, which information includes the names and
addresses of the Borrower and the Subsidiaries and other information that will
allow such Lender or the Administrative Agent to identify the Borrower and the
Subsidiaries in accordance with the Act.

SECTION 9.15. 
Termination or Release.  (a)  Each Security Document, the guarantees made
therein and the security interests granted thereunder shall terminate when all
the Obligations have been paid in full in cash, the Commitments have expired or
been terminated, the LC Exposure has been reduced to zero and the Issuing Bank
has no further obligations to issue Letters of Credit.

(b)  A Subsidiary Loan
Party shall automatically be released from its obligations under the Loan
Documents, the guarantee of such Subsidiary Loan Party made under the Collateral
Agreement shall automatically be released and the security interests granted in
the Collateral of such Subsidiary Loan Party under the Security Documents shall
automatically be released upon the consummation of any transaction permitted by
this Agreement as a result of which such Subsidiary Loan Party ceases to be a
Subsidiary pursuant to the terms of this Agreement.

(c)  Upon any sale or other
transfer by any Loan Party of any Collateral that is permitted under this
Agreement to any person (other than a Loan Party or an Affiliate of a Loan
Party), or upon the effectiveness of any written consent pursuant to Section
9.02 to the release of any security interest granted in any Collateral of such
Loan Party under the Security Documents, the security interests granted in such
Collateral under the Security Documents shall be automatically released.

(d)  In connection with any
termination or release pursuant to this Section, the Collateral Agent shall
execute and deliver to the applicable Loan Party, at such Loan Party’s expense,
all documents that such Loan Party shall reasonably request to evidence such
termination or release.  Any execution
and delivery of documents pursuant to this Section shall be without recourse to
or warranty by the Collateral Agent.

 

 94

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

	
  

  	
  INVESTOOLS INC., 

  
	
  

  	
  as Borrower

  
	
   

  	
      by

  
	
   

  	
   

  	
  /s/ Lee K. Barba

  
	
   

  	
   

  	
  Name: Lee K. Barba

  
	
   

  	
   

  	
  Title: Chief Executive Officer

  

 

	
  

  	
  JPMORGAN CHASE BANK, N.A., 

  
	
  

  	
  as Administrative Agent, Issuing Bank, 

  
	
   

  	
  Swingline Lender and as a Lender,

  
	
   

  	
      by

  
	
   

  	
   

  	
  /s/ Stephen Zajac

  
	
   

  	
   

  	
  Name: Stephen Zajac

  
	
   

  	
   

  	
  Title: Senior Vice President

  

 

 

	
  

  	
  LENDER: Wells Fargo Bank, N.A.

  
	
  

  	
   

  
	
   

  	
      by

  
	
   

  	
   

  	
  /s/ Tyler G. Harvey

  
	
   

  	
   

  	
  Name: Tyler G. Harvey

  
	
   

  	
   

  	
  Title: Vice President

  

 

	
  

  	
  LENDER: La Salle Bank N.A.

  
	
  

  	
   

  
	
   

  	
      by

  
	
   

  	
   

  	
  /s/ Michael A. Berent

  
	
   

  	
   

  	
  Name: Michael A. Berent

  
	
   

  	
   

  	
  Title: Senior Vice President

  

 

	
  

  	
  LENDER: Zion First National Bank

  
	
  

  	
   

  
	
   

  	
      by

  
	
   

  	
   

  	
  /s/ Donald L. Rands

  
	
   

  	
   

  	
  Name: Donald L. Rands

  
	
   

  	
   

  	
  Title: Vice President

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00123-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00123-of-00352.parquet"}]]