Document:

EX-10.2

 

Exhibit 10.2

DUQUESNE LIGHT HOLDINGS, INC.

September 5, 2006                    

DQE Holdings LLC

Level 22, 125 West 55th Street

New York, NY 10019

Attn: Chris Leslie

DQE Merger Sub Inc.

Level 22, 125 West 55th Street

New York, NY 10019

Attn: Chris Leslie

	 	 	 	 	 
	     
	 	Re:	 	Amendment No. 1 to the Agreement and Plan of Merger

Dear Mr. Leslie:

     Reference is made to that certain Agreement and Plan of Merger (the “Merger Agreement”), dated
as of July 5, 2006, by and among Duquesne Light Holdings, Inc. (the “Company”), DQE Holdings LLC
(f/k/a Castor Holdings LLC, the “Parent”) and DQE Merger Sub Inc. (f/k/a Castor Merger Sub Inc., the “Merger Sub”). Capitalized terms that are used but
not otherwise defined herein shall have the meanings ascribed to such terms in the Merger
Agreement.

     In the event that the PaPUC issues an order by which the Company is bound approving the
proposed confidential settlement of the 2006 PaPUC Rate Case (any such order, a “Rate Case Order”),
then, and only then, the Merger Agreement shall be amended by amending and restating the second
sentence of Section 8.2(g) of the Merger Agreement in its entirety as follows:

The term “Adverse Merger Effects” means any terms, conditions, adjustments and other
provisions that (i) are included as part of any Company Required Statutory Approval or
Parent Required Statutory Approval pursuant to a Final Order (as defined in Section
8.1(c)), and (ii) either (x) reduce or freeze the rates charged to the Light Company’s
customers below or at those rates in effect on the date of this Agreement, delay the
ability of the Light Company to begin charging the rates contemplated to be charged to the
Light Company’s customers in the Final Order relating to the 2006 PaPUC Rate Case, or
restrict the Light Company’s ability to pay dividends beyond accumulated net income during
periods in which Light Company’s debt to total capitalization ratio does not exceed 60%, or
(y) individually or in the aggregate would be reasonably expected to result in a reduction
over a twelve month period and on a basis net of all positive effects resulting from any
terms, conditions, adjustments and other provisions included as part of any Company
Required Statutory Approval or Parent Required Statutory Approval pursuant to a Final
Order), in the EBITDA (earnings before income taxes, depreciation and amortization) of the
Company and the Company Subsidiaries, taken as a whole, as compared to such EBITDA that
would be

 

 

reasonably expected to result if the Final Order relating to the 2006 PaPUC Rate Case were
applied without regard to the terms, conditions, adjustments or other provisions included
as part of any Company Required Statutory Approval or Parent Required Statutory Approval
pursuant to a Final Order;

provided, however, that if at any time following the issuance of a Rate Case Order but prior to the
Closing the Company is no longer bound by the Rate Case Order, then the foregoing amendment shall
be without any force or effect and the term “Adverse Merger Effects” shall have the meaning
originally ascribed thereto in the Merger Agreement.

[SIGNATURES FOLLOW ON NEXT PAGE]

2

 

     If the foregoing accurately reflects our agreement, please so indicate by causing duly
authorized officers of the Parent and the Merger Sub to sign in the spaces provided below.

	 	 	 	 	 
	 	Very truly yours,

DUQUESNE LIGHT HOLDINGS, INC.

 	 
	 	By:  	/s/ Morgan K. O’Brien
 	 
	 	 	Morgan K. O’Brien 	 
	 	 	President and Chief Executive Officer 	 
	 

AGREED AS OF THE DATE

FIRST ABOVE WRITTEN:

DQE HOLDINGS LLC

(formerly Castor Holdings LLC)

	 	 	 	 	 
	By:

	 	/s/ Chris Leslie
	 	     
	 

	 	 	 	 
	 

	 	Chris Leslie	 	 
	 

	 	Authorized Person	 	 
	 
	 	 	 	 
	By:

	 	/s/ Mark Wong	 	 
	 

	 	 	 	 
	 

	 	Mark Wong	 	 
	 

	 	Authorized Person	 	 

DQE MERGER SUB INC.

(formerly Castor Merger Sub Inc.)

	 	 	 	 	 
	By:

	 	/s/ Chris Leslie
	 	     
	 

	 	 	 	 
	 

	 	Chris Leslie	 	 
	 

	 	Authorized Person	 	 
	 
	 	 	 	 
	By:

	 	/s/ Mark Wong	 	 
	 

	 	 	 	 
	 

	 	Mark Wong

Authorized Person	 	 
	 
	 	 	 	 
	cc:

	 	Joseph P. Frumkin, Esq.	 	 
	 

	 	Michael P. Rogan, Esq.	 	 

3EX-10.O

 

EXHIBIT
10(o)

Paychex, Inc.

OFFICER PERFORMANCE INCENTIVE PROGRAM

For the Year Ending May 31, 2007

PLAN DESCRIPTION

	1.	 	Participants: Officers of Paychex, Inc.
	 
	2.	 	The maximum incentive for the Chief Executive Officer is 145% of base salary plus any bonus
awards recommended by the Governance and Compensation Committee and approved by the Board of
Directors for over-achievement of operating objectives. The maximum
is 80% of base salary for
Senior Vice Presidents and 55% for all other Officers.
	 
	3.	 	Performance Criteria: The payment of cash bonus awards to participants shall be determined
by the Board on a discretionary basis based primarily on how year-over-year revenue growth,
year-over-year growth in operating income excluding stock based compensation and interest on
funds held for clients, and improvement in operating income excluding stock based compensation
and interest on funds held for clients as a percentage of service revenues for the fiscal year
compare to the goals that are established annually by the Board of Directors.
	 
	4.	 	Payment: Incentive payments to be paid in July 2007 after Board approval. Officer
must be employed at the fiscal year end to be eligible for any bonus.
	 
	5.	 	Changes and Termination: Bonus awards, changes to and termination of the Program is at the
sole discretion of the Board.exv10w1

 

Exhibit 10.1

EXECUTION COPY

 

AMENDED AND RESTATED

CREDIT AGREEMENT

dated as of September 7, 2006

among

INSIGHT ENTERPRISES, INC.,

the EUROPEAN BORROWERS

from time to time party hereto,

The LENDERS party hereto,

J.P. MORGAN EUROPE LIMITED,

as European Agent,

LASALLE BANK NATIONAL ASSOCIATION,

as Syndication Agent,

U.S. BANK NATIONAL ASSOCIATION,

as Documentation Agent,

and

JPMORGAN CHASE BANK, NATIONAL ASSOCIATION,

as Administrative Agent

 

J.P. MORGAN SECURITIES INC.,

as Sole Bookrunner and Sole Lead Arranger

 

 

 

TABLE OF CONTENTS

	 	 	 	 	 
	 	 	Page
	ARTICLE I Definitions

	 	 	1	 
	 
	 	 	 	 
	SECTION 1.01. Defined Terms

	 	 	1	 
	SECTION 1.02. Classification of Loans and Borrowings

	 	 	32	 
	SECTION 1.03. Terms Generally

	 	 	32	 
	SECTION 1.04. Accounting Terms; GAAP

	 	 	33	 
	SECTION 1.05. Foreign Currency Calculations

	 	 	33	 
	 
	 	 	 	 
	ARTICLE II The Credits

	 	 	34	 
	 
	 	 	 	 
	SECTION 2.01. Commitments

	 	 	34	 
	SECTION 2.02. Loans and Borrowings

	 	 	35	 
	SECTION 2.03. Requests for Revolving Borrowings

	 	 	36	 
	SECTION 2.04. Swingline Loans

	 	 	37	 
	SECTION 2.05. Letters of Credit

	 	 	39	 
	SECTION 2.06. Funding of Borrowings

	 	 	43	 
	SECTION 2.07. Interest Elections

	 	 	43	 
	SECTION 2.08. Termination and Reduction of Commitments

	 	 	45	 
	SECTION 2.09. Increase in Commitments

	 	 	45	 
	SECTION 2.10. Repayment of Loans; Evidence of Debt

	 	 	46	 
	SECTION 2.11. Prepayment of Loans

	 	 	48	 
	SECTION 2.12. Fees

	 	 	49	 
	SECTION 2.13. Interest

	 	 	50	 
	SECTION 2.14. Alternate Rate of Interest

	 	 	51	 
	SECTION 2.15. Increased Costs

	 	 	52	 
	SECTION 2.16. Break Funding Payments

	 	 	53	 
	SECTION 2.17. Taxes

	 	 	54	 
	SECTION 2.19. EU Lending Passport; Local Branch Availability

	 	 	56	 
	SECTION 2.20. Payments Generally; Pro Rata Treatment; Sharing of Set-offs

	 	 	59	 
	SECTION 2.21. Mitigation Obligations; Replacement of Lenders

	 	 	61	 
	 
	 	 	 	 
	ARTICLE III Representations and Warranties

	 	 	62	 
	 
	 	 	 	 
	SECTION 3.01. Organization; Powers

	 	 	62	 
	SECTION 3.02. Authorization; Enforceability

	 	 	62	 
	SECTION 3.03. Governmental Approvals; No Conflicts

	 	 	63	 
	SECTION 3.04. Financial Condition; No Material Adverse Change

	 	 	63	 
	SECTION 3.05. Properties; Insurance

	 	 	64	 
	SECTION 3.06. Litigation, Environmental and Labor Matters

	 	 	64	 
	SECTION 3.07. Compliance with Laws and Agreements

	 	 	65	 
	SECTION 3.08. Investment Company Status

	 	 	65	 
	SECTION 3.09. Taxes

	 	 	65	 
	SECTION 3.10. ERISA

	 	 	65	 

i

 

TABLE OF CONTENTS

	 	 	 	 	 
	 	 	Page
	SECTION 3.11. Subsidiaries; Ownership of Capital Stock

	 	 	65	 
	SECTION 3.12. Solvency

	 	 	65	 
	SECTION 3.13. Disclosure

	 	 	65	 
	SECTION 3.14. Regulation U

	 	 	66	 
	SECTION 3.15. Security Interest in Collateral

	 	 	66	 
	 
	 	 	 	 
	ARTICLE IV Conditions

	 	 	67	 
	 
	 	 	 	 
	SECTION 4.01. Effective Date

	 	 	67	 
	SECTION 4.02. Each Credit Event

	 	 	68	 
	 
	 	 	 	 
	ARTICLE V Affirmative Covenants

	 	 	69	 
	 
	 	 	 	 
	SECTION 5.01. Financial Statements and Other Information

	 	 	69	 
	SECTION 5.02. Notices of Material Events

	 	 	71	 
	SECTION 5.03. Existence; Conduct of Business

	 	 	72	 
	SECTION 5.04. Payment of Obligations

	 	 	72	 
	SECTION 5.05. Maintenance of Properties; Insurance

	 	 	72	 
	SECTION 5.06. Books and Records; Inspection Rights

	 	 	72	 
	SECTION 5.07. Compliance with Laws

	 	 	73	 
	SECTION 5.08. Use of Proceeds and Letters of Credit

	 	 	73	 
	SECTION 5.09. Subsidiary Collateral Documents; Subsidiary Guarantors

	 	 	73	 
	 
	 	 	 	 
	ARTICLE VI Negative Covenants

	 	 	75	 
	 
	 	 	 	 
	SECTION 6.01. Indebtedness

	 	 	76	 
	SECTION 6.02. Liens

	 	 	77	 
	SECTION 6.03. Fundamental Changes

	 	 	79	 
	SECTION 6.04. Investments, Loans, Advances, Guarantees and Acquisitions

	 	 	80	 
	SECTION 6.05. Swap Agreements

	 	 	82	 
	SECTION 6.06. Restricted Payments

	 	 	82	 
	SECTION 6.07. Transactions with Affiliates

	 	 	82	 
	SECTION 6.08. Restrictive Agreements

	 	 	82	 
	SECTION 6.09. Sale and Leaseback Transactions

	 	 	83	 
	SECTION 6.10. Financial Covenants

	 	 	83	 
	 
	 	 	 	 
	ARTICLE VII Events of Default

	 	 	83	 
	 
	 	 	 	 
	ARTICLE VIII The Agents

	 	 	86	 
	 
	 	 	 	 
	ARTICLE IX Collection Allocation Mechanism

	 	 	89	 
	 
	 	 	 	 
	SECTION 9.01. Implementation of CAM

	 	 	89	 

ii

 

TABLE OF CONTENTS

	 	 	 	 	 
	 	 	Page
	SECTION 9.02. Letters of Credit

	 	 	90	 
	 
	 	 	 	 
	ARTICLE X Guarantee

	 	 	92	 
	 
	 	 	 	 
	ARTICLE XI Miscellaneous

	 	 	93	 
	 
	 	 	 	 
	SECTION 11.01. Notices

	 	 	93	 
	SECTION 11.02. Waivers; Amendments

	 	 	96	 
	SECTION 11.03. Expenses; Indemnity; Damage Waiver

	 	 	98	 
	SECTION 11.04. Successors and Assigns

	 	 	99	 
	SECTION 11.05. Survival

	 	 	103	 
	SECTION 11.06. Counterparts; Integration; Effectiveness

	 	 	103	 
	SECTION 11.07. Severability

	 	 	103	 
	SECTION 11.08. Right of Setoff

	 	 	104	 
	SECTION 11.09. Governing Law; Jurisdiction; Consent to Service of Process

	 	 	104	 
	SECTION 11.10. WAIVER OF JURY TRIAL

	 	 	105	 
	SECTION 11.11. Headings

	 	 	105	 
	SECTION 11.12. Confidentiality

	 	 	105	 
	SECTION 11.13. Conversion of Currencies

	 	 	106	 
	SECTION 11.14. USA Patriot Act; European “Know Your Customer” Checks

	 	 	106	 
	SECTION 11.15. English Language

	 	 	107	 
	SECTION 11.16. Appointment for Perfection

	 	 	107	 
	SECTION 11.17. Borrower Limitations

	 	 	107	 
	 
	 	 	 	 
	ARTICLE XII No Novation; References to this Agreement in Loan Documents

	 	 	108	 
	 
	 	 	 	 
	SECTION 12.01. No Novation

	 	 	108	 
	SECTION 12.02. References to This Agreement In Loan Documents

	 	 	108	 

iii

 

SCHEDULES:

Schedule 1.01(a) —  Mandatory Cost Formulae

Schedule 1.01(b) —  Initial Subsidiary Guarantors

Schedule 2.01  —  Lenders and Commitments

Schedule 2.05  —  Existing Letters of Credit

Schedule 2.20  —  Payment Instructions

Schedule 3.11  —  Subsidiaries

Schedule 3.16 —  Initial Material Subsidiaries

Schedule 6.01 —  Existing Indebtedness

Schedule 6.02  —  Existing Liens

Schedule 6.04  —  Existing Investments

Schedule 6.08  —  Restrictive Agreements

EXHIBITS:

Exhibit A         —  Form of Assignment and Assumption

Exhibit B         —  List of Closing Documents

Exhibit C         —  Form of Compliance Certificate

iv

 

          AMENDED AND RESTATED CREDIT AGREEMENT dated as of September 7, 2006 among INSIGHT ENTERPRISES,
INC., a Delaware corporation (the “Company”), the EUROPEAN BORROWERS (as defined below),
the LENDERS party hereto, J.P. MORGAN EUROPE LIMITED, as European Agent, LASALLE BANK NATIONAL
ASSOCIATION, as Syndication Agent, U.S. BANK NATIONAL ASSOCIATION, as Documentation Agent, and
JPMORGAN CHASE BANK, NATIONAL ASSOCIATION, as Administrative Agent.

PRELIMINARY STATEMENTS

          WHEREAS, the Company, certain Lenders and the Administrative Agent are parties to that certain
Three-Year Revolving Credit Agreement, dated as of December 31, 2002 (as amended, restated,
supplemented or otherwise modified prior to the date hereof, the “Existing Credit
Agreement”); and

          WHEREAS, the Borrowers, the Lenders and the Agents have agreed to amend and restate the
Existing Credit Agreement in its entirety.

          NOW, THEREFORE, in consideration of the mutual covenants herein, as well as other good and
valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties
hereto agree that the Existing Credit Agreement is hereby amended and restated in its entirety as
of the date hereof as follows:

ARTICLE I

Definitions

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

          “ABR”, when used in reference to any Loan or Borrowing to the Company under the US
Tranche, 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 Entity” means the assets or Person acquired in connection with a Permitted
Acquisition or other investment permitted under Section 6.04.

          “Acquired Entity EBITDA” means, with respect to any Acquired Entity subject to a
Permitted Acquisition, for any period, the net income (or loss) of such Person and its Subsidiaries
calculated on a consolidated basis for such period plus, to the extent deducted from revenues in
determining the net income (or loss) of such Person and its Subsidiaries as described above, (i)
for any period, the interest expense of such Person and its Subsidiaries calculated on a
consolidated basis for such period, (ii) expense for taxes paid or accrued, (iii) depreciation,
(iv) amortization and (v) any extraordinary non-cash or nonrecurring non-cash charges or losses
incurred other than in the ordinary course of business minus to the extent added to revenues in
determining the net income (or loss) of such Person and its Subsidiaries as described above, any
extraordinary non-cash or nonrecurring non-cash gains realized other than in the ordinary course of
business. Such amounts shall be derived by the Company from financial statements of the

 

 

Acquired Entity delivered to the Administrative Agent prior to the consummation of such
Permitted Acquisition (which financial statements shall be audited through the end of the most
recently ended fiscal year and, for each subsequent fiscal quarter, shall be prepared by the
Acquired Entity on a basis consistent with such audited financial statements) and shall be subject
to the consent of the Administrative Agent acting in good faith; provided, that when
calculating Acquired Entity EBITDA with respect to the Spectrum Acquisition through the period
ending September 30, 2007, the Company may use amounts related to historical Spectrum EBITDA as set
forth in pro-forma consolidated financial statements or other pro-forma consolidated financial
information appearing in Form 8-K filings or footnotes set forth in Form 10-Q filings made from
time to time through such period by the Company with the Securities and Exchange Commission.

          “Adjusted Consolidated EBITDA” means, as of any date of determination and without
duplication: (i) Consolidated EBITDA for the Company and its consolidated Subsidiaries for the four
fiscal quarter period then most recently ended, plus (ii) Acquired Entity EBITDA for such period
for each Permitted Acquisition consummated on or after the Effective Date. Effective upon the
consummation of a Permitted Acquisition (including the Spectrum Acquisition), Adjusted Consolidated
EBITDA shall be adjusted to include Acquired Entity EBITDA for the applicable Acquired Entity.

          “Adjusted LIBO Rate” means an interest rate per annum (rounded upwards, if necessary,
to the next 1/16 of 1%) equal to (a) the LIBO Rate for such Interest Period multiplied by (b) the
Statutory Reserve Rate; provided that, with respect to Eurocurrency Borrowings denominated
in an Alternative Currency, the Adjusted LIBO Rate shall mean the LIBO Rate.

          “Administrative Agent” means JPMorgan Chase Bank, National Association, in its
capacity as administrative agent for the Lenders hereunder.

          “Administrative Questionnaire” means an Administrative Questionnaire in a form
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.

          “Agents” means, collectively, the Administrative Agent and the European Agent, and
“Agent” means either one of them.

          “Alternate Base Rate” means, for any day for any Loan, Letter of Credit or other
financial accommodation under the US Tranche that is made to the Company and that specifies or that
requires that the interest rate applicable thereto be the “Alternate Base Rate”, 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%, with the understanding that 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.

2

 

          “Alternative Currency” means (i) Euro, (ii) Sterling and (iii) any other currency
other than US Dollars that is freely available, freely transferable and freely convertible into US
Dollars, in which dealings in deposits are carried on in the Applicable Interbank Market, and that
is approved by the Lenders (such approval not to be unreasonably withheld).

          “Applicable Agent” means (a) the Administrative Agent with respect to a Loan, Letter
of Credit or other financial accommodation extended to the Company under the US Tranche, with
respect to any payment hereunder that does not relate to a particular Loan or Borrowing and is not
covered by clause (b) hereof, and with respect to the administration of the transactions
evidenced hereby generally, and (b) the European Agent with respect to a Loan or other financial
accommodation extended to any European Borrower or, solely with respect to the European Tranche,
the Company, and with respect to the administration of the European portion of the transactions
evidenced hereby.

          “Applicable Interbank Market” means for any Loan or other financial accommodation
denominated in (x) Euro, the European interbank market, and (y) US Dollars or any Alternative
Currency other than Euro, the London interbank market.

          “Applicable Interbank Rate” means (x) for any Loan, Letter of Credit or other
financial accommodation made to the Company under the US Tranche or any other Borrower under any
Tranche in a currency other than Euro, the Adjusted LIBO Rate and (y) for any Loan or other
financial accommodation made to any Borrower in Euro, the EURIBO Rate.

          “Applicable Rate” means, for any day, with respect to any ABR Loan, any Eurocurrency
Loan or any Letter of Credit participation fee under Section 2.12(b), or the commitment
fees payable pursuant to Section 2.12(a), as the case may be, the applicable rate per annum
set forth below under the caption “ABR Loan Spread”, “Eurocurrency Loan Spread and Letter of Credit
Participation Fee Percentage,” or “Commitment Fee Percentage,” as the case may be, based upon the
Total Leverage Ratio as reflected in the then most recently delivered quarterly or annual
financials as required under Section 5.01:

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	Eurocurrency Loan	 	 
	 	 	 	 	 	 	 	 	Spread and Letter of	 	Commitment
	Pricing	 	Total Leverage	 	ABR Loan	 	Credit Participation	 	Fee
	Level:	 	Ratio:	 	Spread:	 	Fee Percentage:	 	Percentage:
	Level I

	 	Less than 1.00 to
1.00
	 	 	0.00	%	 	 	0.625	%	 	 	0.15	%
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Level II

	 	Equal to or greater
than 1.00 to 1.00
but less than 1.50
to 1.00
	 	 	0.00	%	 	 	0.875	%	 	 	0.175	%
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Level III

	 	Equal to or greater
than 1.50 to 1.00
but less than 2.00
to 1.00
	 	 	0.00	%	 	 	1.125	%	 	 	0.225	%
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Level IV

	 	Equal to or greater
than 2.00 to 1.00
	 	 	0.00	%	 	 	1.375	%	 	 	0.275	%

3

 

          For purposes of the foregoing,

     (i) if at any time the Company fails to deliver any financials required under
Section 5.01 on or before the date any financials are due, then Pricing
Level IV shall be deemed applicable until five (5) Business Days after such
financials, together with all corresponding compliance certificates required by
Section 5.01(c), are actually delivered, after which the Pricing Level shall
be determined in accordance with the table above as applicable;

     (ii) adjustments, if any, to the Pricing Level then in effect shall be
effective five (5) Business Days after the Administrative Agent has received the
applicable financials and corresponding compliance certificates required by
Section 5.01(c) (it being understood and agreed that each change in Pricing
Level shall apply during the period commencing on the effective date of such change
and ending on the date immediately preceding the effective date of the next such
change); and

     (iii) each determination of the Applicable Rate made by the Administrative
Agent in accordance with the foregoing shall, if reasonably determined, be
conclusive and binding on the Company, all of its Subsidiaries and each Lender.

     Notwithstanding the foregoing, during the period beginning on the Effective Date and
ending on the date of delivery of the applicable financials for the fiscal quarter ending
September 30, 2006, the Applicable Rate shall be based on Pricing Level II, and thereafter,
the Applicable Rate shall be determined in accordance with the preceding table and
provisions.

          “Approved Fund” has the meaning assigned to such term in Section 11.04.

          “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
11.04), and accepted by the Administrative Agent, in the form of Exhibit A or any other
form approved by the Administrative Agent.

          “Attributable Debt” in respect of a Sale and Leaseback Transaction means, at any date
of determination, (a) if such Sale and Leaseback Transaction is a Capitalized Lease Obligation, the
amount of Indebtedness represented thereby according to the definition of

4

 

“Capitalized Lease Obligations,” and (b) in all other instances, the present value (discounted
at the interest rate implicit in such transaction, determined in accordance with GAAP) of the total
obligations of the lessee for rental payments during the remaining term of the lease included in
such Sale and Leaseback Transaction (including any period for which such lease has been extended).

          “Attributable Receivables Indebtedness” at any time means the principal amount of
Indebtedness which (a) if a Permitted Receivables Facility is structured as a secured lending
agreement, constitutes the principal amount of such Indebtedness or (b) if a Permitted Receivables
Facility is structured as a purchase agreement, would be outstanding at such time under the
Permitted Receivables Facility if the same were structured as a secured lending agreement rather
than a purchase agreement.

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

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

          “Borrower” means the Company or any European Borrower, as applicable, and
“Borrowers” means all of the foregoing.

          “Borrowing” means Loans (including one or more Swingline Loans) of the same Class,
Type and currency, made on the same date and, in the case of Eurocurrency Loans, as to which a
single Interest Period is in effect.

          “Borrowing Minimum” means (a) in the case of a Borrowing (other than Swingline Loans)
denominated in US Dollars, $1,000,000, (b) in the case of a Borrowing (other than Swingline Loans)
denominated in Euro or an Alternative Currency (but not Sterling), €1,000,000 (or the U.S.
Dollar Equivalent thereof), (c) in the case of a Borrowing (other than Swingline Loans) denominated
in Sterling, £1,000,000 (or the U.S. Dollar Equivalent thereof), (d) in the case of a US Tranche
Swingline Loan, $500,000, and (e) in the case of a European Tranche Swingline Loan, €100,000 or
£100,000, as the case may be (or the US Dollar Equivalent thereof).

          “Borrowing Multiple” means (a) in the case of a Borrowing (other than Swingline Loans)
denominated in US Dollars, $1,000,000, (b) in the case of a Borrowing (other than Swingline Loans)
denominated in Sterling, £1,000,000, (c) in the case of a Borrowing (other than Swingline Loans)
denominated in Euro, €1,000,000, (d) in the case of a US Tranche Swingline Loan, $100,000, (e)
in the case of a European Tranche Swingline Loan denominated in Sterling, £100,000, (f) in the case
of a European Tranche Swingline Loan denominated in Euro, €100,000, and (g) in the case of a
Borrowing denominated in an Alternative Currency other than Euro or Sterling, such amount as the
Company and the Administrative Agent (and, in the case of a Swingline Loan, the Swingline Lender)
shall agree upon the institution of such Alternative Currency hereunder.

5

 

          “Borrowing Request” means a request by a Borrower for a Revolving Borrowing in
accordance with Section 2.03.

          “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 (a) when used in connection with a Eurocurrency Loan denominated in US
Dollars or any Alternative Currency other than Euro, the term “Business Day” shall also exclude any
day that is not a London Business Day, and (b) when used in connection with a Loan denominated in
Euro, the term “Business Day” shall also exclude (i) any day that is not a TARGET Day and (ii) any
day that is not a London Business Day.

          “CAM” means the mechanism for the allocation and exchange of interests in Loans,
participations in Letters of Credit and other extensions of credit under the several Tranches and
collections thereunder established under Article IX.

          “CAM Exchange” means the exchange of any Lender’s interests provided for in
Article IX.

          “CAM Exchange Date” means the first date on which there shall occur (a) any event
referred to in clause (h) or (i) of Article VII in respect of the Company
or (b) an acceleration of Loans pursuant to Article VII.

          “CAM Percentage” means, as to each Lender, a fraction, expressed as a decimal, of
which (a) the numerator shall be the aggregate US Dollar Equivalent (determined on the basis of
Exchange Rates prevailing on the CAM Exchange Date of the sum, without duplication, of (i) the
Obligations owed to such Lender (whether or not at the time due and payable), (ii) the LC Exposure
of such Lender and (iii) the Swingline Exposure of such Lender, in each case immediately prior to
the occurrence of the CAM Exchange Date (but after giving effect to Sections 9.01(a)(ii)
and (iii)), and (b) the denominator shall be the aggregate US Dollar Equivalent (as so
determined) of the sum, without duplication, of (A) the Obligations owed to all the Lenders
(whether or not at the time due and payable), (B) the aggregate LC Exposures of all the Lenders and
(C) the aggregate Swingline Exposures of all the Lenders, in each case immediately prior to the
occurrence of the CAM Exchange Date; provided that, for purposes of clause (a) above, the
Obligations owed to the Swingline Lender will be deemed not to include any Swingline Loans except
to the extent provided in clause (a)(iii) above.

          “Capital Expenditures” means, without duplication, any expenditures for any purchase
or other acquisition of any asset which would be classified as a fixed or capital asset on a
consolidated balance sheet of the Company and its Subsidiaries prepared in accordance with GAAP,
excluding (i) expenditures of insurance proceeds to rebuild or replace any asset after a casualty
loss and (ii) leasehold improvement expenditures for which the Company or a Subsidiary is
reimbursed promptly by the lessor.

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

6

 

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

          “Change in Control” means (a) the acquisition of ownership, directly or indirectly,
beneficially or of record, by any Person or group (within the meaning of the Securities Exchange
Act of 1934 and the rules of the Securities and Exchange Commission thereunder as in effect on the
date hereof), of Equity Interests representing more than 25% of the aggregate ordinary voting power
represented by the issued and outstanding Equity Interests of the Company; (b) occupation of a
majority of the seats (other than vacant seats) on the board of directors of the Company by Persons
who were neither (i) nominated by the board of directors of the Company nor (ii) appointed by
directors so nominated; or (c) the Company shall cease to own and control, directly or indirectly,
100% of the Equity Interests of any European Borrower.

          “Change in Law” means (a) the adoption of any law, rule or regulation after the date
of this Agreement, (b) any change in any law, rule or regulation or in the interpretation or
application thereof by any Governmental Authority after the date of this Agreement 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 date of this Agreement.

          “Class”, when used in reference to (a) any Loan or Borrowing, refers to whether such
Loan, or the Loans comprising such Borrowing, are US Tranche Revolving Loans, US Tranche Swingline
Loans, US Tranche Term Loans, European Tranche Revolving Loans, or European Tranche Swingline
Loans, and (b) any Commitment, refers to whether such Commitment is a US Tranche Revolving
Commitment, a US Tranche Term Loan Commitment or a European Tranche Commitment.

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

          “Collateral” means any and all property owned, leased or operated by a Person covered
by the Collateral Documents and any and all other property of any Loan Party, now existing or
hereafter acquired, that may at any time be or become subject to a security interest or Lien in
favor of Administrative Agent, on behalf of itself and the Holders of Secured Obligations, to
secure the Secured Obligations.

          “Collateral Documents” means all agreements, instruments and documents executed in
connection with this Agreement that are intended to create or evidence Liens to secure the
Obligations, including, without limitation, the Security Agreements, the Pledge Agreements, the
Intellectual Property Security Agreements, and all other security agreements, mortgages, deeds of
trust, pledges, assignments, financing statements and all other written matter whether heretofore,
now, or hereafter executed by or on behalf any Borrower or any Subsidiary Guarantor and delivered
to any Agent or Lender, together with all agreements and documents referred to therein or
contemplated thereby.

          “Commitment” means a US Tranche Revolving Commitment, a US Tranche

7

 

Term Loan Commitment or a European Tranche Commitment.

          “Company” has the meaning assigned to such term in the heading of this Agreement.

          “Company Pledge Agreement” means that certain Amended and Restated Pledge Agreement,
dated as of the date hereof, between the Company and the Administrative Agent, for the benefit of
the Holders of Secured Obligations.

          “Company Security Agreement” means the Amended and Restated Security Agreement, dated
as of the date hereof, between the Company and the Administrative Agent, for the benefit of the
Holders of Secured Obligations.

          “Compliance Certificate” means a certificate of a Financial Officer substantially in
the form of Exhibit C.

          “Consolidated Capital Expenditures” means, with reference to any period, the Capital
Expenditures of the Company and its Subsidiaries calculated on a consolidated basis for such
period.

          “Consolidated EBITDA” means the sum of (a) Consolidated Net Income plus (b) to the
extent deducted from revenues in determining Consolidated Net Income, (i) Consolidated Interest
Expense, (ii) expense for taxes paid or accrued, (iii) depreciation, (iv) amortization, (v) any
extraordinary non-cash or nonrecurring non-cash charges or losses incurred other than in the
ordinary course of business, (vi) any non-cash charges arising from compensation expense as a
result of the adoption of Financial Accounting Standards Board Statement 123 (Revised 2004),
“Share-Based Payment”, which requires certain stock-based compensation to be recorded as expense
within the Company’s consolidated statement of operations and (vii) costs, expenses and fees
incurred in connection with the Transactions consummated on the Effective Date, minus (c)(i) to the
extent included in Consolidated Net Income, any extraordinary non-cash or nonrecurring non-cash
gains realized other than in the ordinary course of business and (ii) the amount of any subsequent
cash payments in respect of any non-cash charges described in the preceding clause (b)(vi),
all calculated for the Company and its Subsidiaries on a consolidated basis.

          “Consolidated Funded Indebtedness” means, at any time, the sum (without duplication)
of (i) the aggregate principal amount of Consolidated Indebtedness owing by the Company and its
Subsidiaries or for which such Persons are liable which has actually been funded and is outstanding
at such time, whether or not such amount is due or payable at such time, plus (ii) the aggregate
stated or face amount of all letters of credit at such time for which any of the Company and its
Subsidiaries is the account party or is otherwise liable (unless cash collateralized with cash
and/or cash equivalents in a manner permitted hereunder) plus (iii) the aggregate amount of
Capitalized Lease Obligations owing by the Company and its Subsidiaries or for which such Persons
are otherwise liable plus (iv) the aggregate of all amounts owing by the Company and its
Subsidiaries or for which such Persons are otherwise liable with respect to judgments or
settlements arising in connection with trials, arbitrations, mediations, litigation or other forums
for dispute resolution.

8

 

          “Consolidated Indebtedness” means at any time, with respect to any Person, the
Indebtedness of the Company and its Subsidiaries calculated on a consolidated basis as of such
time.

          “Consolidated Interest Expense” means, with reference to any period, the interest
expense of the Company and its Subsidiaries calculated on a consolidated basis for such period,
including, without limitation, yield or any other financing costs resembling interest which are
payable under any Permitted Receivables Facility.

          “Consolidated Net Income” means, with reference to any period, the net income (or
loss) of the Company and its Subsidiaries calculated on a consolidated basis for such period.

          “Consolidated Rentals” means, with reference to any period, the Rentals of the Company
and its Subsidiaries calculated on a consolidated basis for such period.

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

          “Decrees” has the meaning assigned to such term in Section 2.18(a).

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

          “Disqualified Equity Interests” means Equity Interests that (a) require the payment of
any cash dividends prior to the date that is 91 days after the Maturity Date, (b) mature or are
mandatorily redeemable (other than solely for Qualified Equity Interests) or subject to mandatory
repurchase or redemption or repurchase at the option of the holders thereof (other than solely for
Qualified Equity Interests), in each case in whole or in part and whether upon the occurrence of
any event, pursuant to a sinking fund obligation on a fixed date or otherwise, prior to the date
that is 91 days after the Maturity Date (other than (i) upon termination of the Commitments and
payment in full of the Obligations then due and owing or (ii) upon a “change in control”,
provided, that any payment required pursuant to this clause (ii) is contractually
subordinated in right of payment to the Obligations on terms reasonably satisfactory to the
Administrative Agent) or (c) are convertible or exchangeable, automatically or at the option of any
holder thereof, into any Indebtedness, Equity Interests or other assets other than Qualified Equity
Interests prior to the date that is 91 days after the Maturity Date.

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

          “Effective Date” means the date on which the conditions specified in Section
4.01 are satisfied (or waived in accordance with Section 11.02).

          “EMU Legislation” means the legislative measures of the European Union for the
introduction of, changeover to or operation of the Euro in one or more member states.

9

 

          “Environmental Laws” means all laws, rules, regulations, codes, ordinances, orders,
decrees, judgments, injunctions, notices or binding agreements issued, promulgated or entered into
by any Governmental Authority, relating in any way to the environment, preservation or reclamation
of natural resources, the 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 environmental remediation, fines, penalties or indemnities), of the
Company or any Subsidiary directly or indirectly resulting from or based upon (a) violation of any
Environmental Law, (b) the generation, use, handling, transportation, storage, treatment or
disposal of any Hazardous Materials, (c) exposure to any Hazardous Materials, (d) the release or
threatened release of any Hazardous Materials into the environment or (e) any contract, agreement
or other consensual arrangement pursuant to which liability is assumed or imposed with respect to
any of the foregoing.

          “Equity Interests” means 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.

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

          “ERISA Affiliate” means any trade or business (whether or not incorporated) that,
together with the Company, is treated as a single 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), whether or not waived;
(c) the filing pursuant to Section 412(d) of the Code or Section 303(d) of ERISA of an application
for a waiver of the minimum funding standard with respect to any Plan; (d) the incurrence by the
Company or any of its ERISA Affiliates of any liability under Title IV of ERISA with respect to the
termination of any Plan; (e) the receipt by the Company 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; (f) the incurrence by the Company or any of its ERISA
Affiliates of any liability with respect to the withdrawal or partial withdrawal of the Company or
any of its ERISA Affiliates from any Plan or Multiemployer Plan; or (g) the receipt by the Company
or any ERISA Affiliate of any notice, or the receipt by any Multiemployer Plan from the Company or
any ERISA Affiliate of any notice, concerning the imposition upon the Company or any of its ERISA
Affiliates 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.

10

 

          “EU Lending Passport” means the right of passport to provide lending services on a
cross-border basis under the Council Directive of 20 March 2000 relating to the taking up and
pursuit of the business of credit institutions (No 2000/12/EC) in the relevant European Economic
Area member state. For purposes hereof, “EU Lending Passport” shall include each right of
passport to the extent multiple rights of passport are required under the aforementioned Council
Directive to extend credit to Borrowers in their respective jurisdictions of organization.

          “EURIBO Rate” means, with respect to any Borrowing in Euro under any Tranche (to the
extent permitted under such Tranche), the rate per annum determined by the European Agent at
approximately 11:00 a.m., Brussels time, on the Quotation Day for such Interest Period by reference
to the percentage rate per annum determined by the Banking Federation of the European Union for
deposits in Euro (as reflected on the applicable Telerate screen page) for a period equal to such
Interest Period; provided that, to the extent that an interest rate is not ascertainable
pursuant to the foregoing provisions of this definition, the “EURIBO Rate” shall be the average
(rounded upward, if necessary, to the next 1/100 of 1%) of the respective interest rates per annum
at which deposits in Euro are offered for such Interest Period to major banks in the Applicable
Interbank Market by JPMorgan Chase Bank, National Association at approximately 11:00 a.m., Brussels
time, on the Quotation Day for such Interest Period.

          “Euro” or “€” means the currency constituted by the Treaty on the European
Union and as referred to in the EMU Legislation.

          “Eurocurrency”, when used in reference to any Loan or Borrowing, means that such Loan,
or the Loans comprising such Borrowing, are bearing interest at a rate determined by reference to
the Applicable Interbank Rate with respect to the applicable currency of such Loan or Borrowing.

          “European Agent” means J.P. Morgan Europe Limited, in its capacity as administrative
agent in respect of any extension of credit or other financial accommodation in favor of a European
Borrower or, solely with respect to the European Tranche, the Company, and in respect of the
European portion of the transactions evidenced hereby.

          “European Borrower” means each of the UK Borrower and the German Borrower.

          “European Tranche” means the European Tranche Commitments, the European Tranche
Revolving Loans and the European Tranche Swingline Loans.

          “European Tranche Commitment” means, with respect to each Lender, the commitment of
such Lender to make European Tranche Revolving Loans and to acquire participations in European
Tranche Swingline Loans hereunder, expressed as an amount representing the maximum aggregate amount
of such European Tranche Lender’s European Tranche Exposure hereunder, as such commitment may be
(a) reduced from time to time pursuant to Section 2.08, (b) increased from time to time
pursuant to Section 2.09 and (c) reduced or increased from time to time pursuant to
assignments by or to such Lender pursuant to Section 11.04. The initial amount of each
European Tranche Lender’s European Tranche Commitment is set forth on Schedule 2.01, or in
the Assignment and Assumption pursuant to

11

 

which such European Tranche Lender shall have assumed its European Tranche Commitment, as
applicable. The aggregate amount of the European Tranche Commitments on the date hereof is
$25,000,000.

          “European Tranche Exposure” means, with respect to any European Tranche Lender at any
time, the US Dollar Equivalent of the sum at such time, without duplication, of (a) such Lender’s
European Tranche Percentage of the sum of the principal amounts of the outstanding European Tranche
Revolving Loans, plus (b) such Lender’s European Tranche Swingline Exposure at such time.

          “European Tranche Lender” means a Lender with a European Tranche Commitment.

          “European Tranche Percentage” means, with respect to any European Tranche Lender, the
percentage of the total European Tranche Commitments represented by such Lender’s European Tranche
Commitment. If the European Tranche Commitments have terminated or expired, the European Tranche
Percentages shall be determined based upon the European Tranche Commitments most recently in
effect, giving effect to any assignments.

          “European Tranche Revolving Borrowing” means a Borrowing comprised of European Tranche
Revolving Loans.

          “European Tranche Revolving Loan” means a Loan made by a European Tranche Lender
pursuant to Section 2.01(c). Each European Tranche Revolving Loan made to the Company
shall be denominated in US Dollars and shall be a Eurocurrency Loan, and each European Tranche
Revolving Loan made to a European Borrower shall be denominated in an Alternative Currency and
shall be a Eurocurrency Loan.

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

          “European Tranche Swingline Lender” means J.P. Morgan Europe Limited, in its capacity
as lender of European Tranche Swingline Loans hereunder.

          “European Tranche Swingline Loan” means a Loan made by the European Tranche Swingline
Lender to a European Borrower pursuant to Section 2.04.

          “European Tranche Swingline Rate” means, for any day, in relation to any European
Tranche Swingline Loan, the percentage rate per annum which is equal to the rate (rounded upwards
to four decimal places) as supplied to the European Agent at its request quoted by JPMorgan Chase
Bank, National Association to leading banks in the Applicable Interbank Market as of 11:00 a.m.
London time on the day of the proposed Borrowing for the relevant European Tranche Swingline Loan
for the offering of deposits in the relevant currency for a period comparable to the Interest
Period for the relevant European Tranche Swingline Loan and for settlement on that day.

12

 

          “Event of Default” has the meaning assigned to such term in Article VII.

          “Exchange Rate” means on any day, for purposes of determining the US Dollar Equivalent
of any other currency, the rate at which such other currency may be exchanged into US Dollars at
the time of determination on such day on the Reuters WRLD Page for such currency. In the event
that such rate does not appear on any Reuters WRLD Page, the Exchange Rate shall be determined by
reference to such other publicly available service for displaying exchange rates as may be agreed
upon by the Administrative Agent and the Borrowers, or, in the absence of such an agreement, such
Exchange Rate shall instead be the arithmetic average of the spot rates of exchange of the
Administrative Agent in the market where its foreign currency exchange operations in respect of
such currency are then being conducted, at or about such time as the Administrative Agent shall
elect after determining that such rates shall be the basis for determining the Exchange Rate, on
such date for the purchase of US Dollars for delivery two Business Days later; provided
that if at the time of any such determination, for any reason, no such spot rate is being quoted,
the Administrative Agent may use any reasonable method it deems appropriate to determine such rate,
and such determination shall be presumed correct absent manifest error.

          “Exchange Rate Date” means, if on such date any outstanding Revolving Credit Exposure
is (or any Revolving Credit Exposure that has been requested at such time would be) denominated in
a currency other than US Dollars, each of:

          (a) the last Business Day of each calendar quarter,

          (b) if an Event of Default has occurred and is continuing, the CAM Exchange Date and any other
Business Day designated as an Exchange Rate Date by the Administrative Agent in its sole
discretion, and

          (c) each date (with such date to be reasonably determined by the Administrative Agent) that is
on or about the date of (i) a Borrowing Request or an Interest Election Request with respect to
Revolving Loans or (ii) each request for the issuance, amendment, renewal or extension of any
Letter of Credit or Swingline Loan.

          “Excluded Taxes” means, with respect to any Lender or Issuing Bank, (a) income or
franchise taxes imposed on (or measured by) its net income by the United States of America (or any
political subdivision thereof), or by the jurisdiction under which such recipient is organized or
incorporated or in which its principal office or any lending office from which it makes Loans
hereunder is located, (b) any branch profit taxes imposed by the United States of America or any
similar tax imposed by any other jurisdiction described in clause (a) above, (c) in the
case of a US Tranche Lender, any withholding tax that is imposed by the United States of America
(or any political subdivision thereof) on payments by the Company from an office within such
jurisdiction and would apply as of the date such US Tranche Lender becomes a party to this
Agreement (or, subject to Section 2.17(f)(ii), in the case of a Lender that becomes a US
Tranche Lender by operation of the CAM Exchange, that would apply as of the date such Lender
becomes a U.S. Tranche Lender) or relates to payments received by a new lending office designated
by such US Tranche Lender and is in effect and would apply at the time such lending office is
designated, (d) in the case of a European Tranche Lender, any withholding tax that is

13

 

imposed by the United Kingdom, Germany or the United States (or any political subdivision
thereof) on payment by a European Borrower from an office within such jurisdiction, in any case to
the extent such tax is in effect and would apply as of the date such European Tranche Lender
becomes a party to this Agreement (or, subject to Section 2.17(f)(ii), in the case of a
Lender that becomes a European Tranche Lender by operation of the CAM Exchange, that would apply as
of the date such Lender becomes a European Tranche Lender) or relates to payments received by a new
lending office designated by such European Tranche Lender and is in effect and would apply at the
time such lending office is designed, or (e) any withholding tax that is attributable to such
Lender’s failure to comply with Section 2.17(e) or (f), except, in the case of
clause (c) or (d) above, to the extent that such withholding tax shall have
resulted from the making of any payment by a Borrower to a location other than the office
designated by the Applicable Agent or such Lender for the receipt of payments of the applicable
type from the applicable Borrower.

          “Existing Credit Agreement” is defined in the Preliminary Statements hereto.

          “Existing Letters of Credit” has the meaning set forth in Section 2.05.

          “Exposure” means, with respect to any Lender, such Lender’s US Tranche Revolving
Exposure, US Tranche Term Loan Exposure and European Tranche Exposure.

          “Facility Office” has the meaning assigned to such term in Section 2.17(f).

          “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 any of the following officers of the Company: chief
executive officer, president, chief financial officer, treasurer or senior vice president of
finance.

          “Fixed Charge Coverage Ratio” means, as of the end of any fiscal quarter of the
Company, the ratio of (a)(i) Consolidated EBITDA during the four fiscal quarter period then ended
minus (ii) Consolidated Capital Expenditures during such period minus (iii) cash
dividends or distributions paid by the Company on its Equity Interests during such period
plus (iv) Consolidated Rentals during such period to (b)(i) Consolidated Interest Expense
during such period plus (ii) Consolidated Rentals during such period plus (iii)
expenses for taxes paid or taxes accrued during such period (calculated for the Company and its
Subsidiaries on a consolidated basis) plus (iv) the scheduled amortization of the principal
portion of Indebtedness during such period (other than amounts owing in connection with Permitted
Receivables Facilities), including, without limitation, Capitalized Lease Obligations (calculated
for the Company and its Subsidiaries on a consolidated basis).

          “Foreign Lender” means, as to any Borrower, any Lender that is organized under the
laws of a jurisdiction other than that in which such Borrower is located. For purposes of this

14

 

definition, the United States of America, each State thereof and the District of Columbia
shall be deemed to constitute a single jurisdiction.

          “Foreign Subsidiary” means any Subsidiary that is not a Domestic Subsidiary.

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

          “German Borrower” means a direct or indirect Subsidiary of the Company organized under
the laws of Germany that shall become party to this Agreement as a European Borrower pursuant to a
joinder agreement in form and substance reasonably acceptable to the Company, the Agents and the
Lenders, which Subsidiary shall be reasonably acceptable to the Agents and the Lenders;
provided, that upon execution of such joinder agreement the Company shall deliver or cause
to be delivered to the Administrative Agent such corporate resolutions, formation documents,
certificates and opinions (of both U.S. and German counsel) as shall be reasonably requested by the
Administrative Agent, in each case in form and substance reasonably satisfactory to the
Administrative Agent.

          “Governmental Authority” means the government of the United States of America,
Germany, the United Kingdom, 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, including, without limitation, the European Union.

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

15

 

          “Holders of Secured Obligations” means the holders of the Secured Obligations from
time to time and shall refer to (i) each Lender in respect of its Loans, (ii) the Issuing Bank in
respect of LC Disbursements, (iii) the Agents, the Lenders and the Issuing Bank in respect of all
other present and future obligations and liabilities of any Borrower or any Subsidiary Guarantor of
every type and description arising under or in connection with this Agreement or any other Loan
Document, (iv) each Person benefiting from indemnities made by any Borrower or any Subsidiary
Guarantor hereunder or under other Loan Documents, (iv) each Lender (or Affiliate thereof), in
respect of all Swap Agreements of the Company to such Lender (or such Affiliate) as exchange party
or counterparty thereunder and (v) their respective successors, transferees and assigns.

          “Hostile Acquisition” means (a) the acquisition of the Equity Interests of a Person
through a tender offer or similar solicitation of the owners of such Equity Interests which has not
been approved (prior to such acquisition) by the board of directors (or any other applicable
governing body) of such Person or by similar action if such Person is not a corporation and (b) any
such acquisition as to which such approval has been withdrawn.

          “Immaterial Subsidiary” means any Subsidiary of the Company that is not a Material
Subsidiary.

          “Indebtedness” of any Person means, without duplication, (a) all obligations of such
Person for borrowed money, (b) all obligations of such Person evidenced by bonds, debentures, notes
or similar instruments, (c) all obligations of such Person under conditional sale or other title
retention agreements relating to property acquired by such Person, (d) all obligations of such
Person in respect of the deferred purchase price property or services (excluding current accounts
payable incurred in the ordinary course of business), (e) all Indebtedness of others secured by any
Lien on property owned or acquired by such Person, whether or not the Indebtedness secured thereby
has been assumed, (f) all Guarantees by such Person of Indebtedness of others, (g) all Capitalized
Lease Obligations of such Person, (h) Off-Balance Sheet Liabilities of such Person, (i) all
Attributable Debt of such Person under Sale and Leaseback Transactions, (j) all obligations,
contingent or otherwise, of such Person as an account party in respect of letters of credit and
letters of guaranty (unless cash collateralized with cash and/or cash equivalents in a manner
permitted hereunder), (k) all obligations, contingent or otherwise, of such Person in respect of
bankers’ acceptances, (l) with respect to any Subsidiary of the Company, any Disqualified Equity
Interests of such Person and (m) all Net Mark-to-Market Exposure of such Person under all Swap
Agreements. 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 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 and Other Taxes.

          “Indemnitee” has the meaning set forth in Section 11.03(b).

          “Information Memorandum” means the Confidential Information Memorandum dated August
2006 relating to the Company and the Transactions.

16

 

          “Initial Subsidiary Guarantor” means each Domestic Subsidiary of the Company listed on
Schedule 1.01(b).

          “Intellectual Property Security Agreements” means each of intellectual property
security documents executed on the Effective Date by the Loan Parties in favor of the
Administrative Agent and such other intellectual property security documents as the Company or any
other Loan Party may from time to time make in favor of the Administrative Agent.

          “Intercreditor Agreement” means the Intercreditor Agreement, dated as of December 31,
2002, among the Administrative Agent, IBM Credit Corporation, Hewlett Packard Corporation and
JPMorgan Chase Bank, National Association, as Agent for the “Securitization Parties” identified
therein, and as acknowledged by the Company and certain of its Affiliates.

          “Interest Election Request” means a request by the applicable Borrower to convert or
continue a 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
Eurocurrency Loan (other than a Swingline 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 Eurocurrency 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 (a) with respect to any Eurocurrency Borrowing (other than a
European Tranche Swingline Loan), 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 applicable Borrower may elect and (b) with respect to any European Tranche
Swingline Loan, the period commencing on the date of such Loan and ending on the date one, seven or
fourteen days thereafter, as the applicable Borrower may elect; provided, that (i) 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, with respect to any Eurocurrency Borrowing
other than a European Tranche Swingline Loan, 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 (ii) any Interest Period pertaining to a Eurocurrency Borrowing (other than a European
Tranche Swingline Loan) 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, National Association in its capacity as an
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

17

 

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.

          “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 and (b) the aggregate amount of all LC Disbursements
that have not yet been reimbursed by or on behalf of the Company at such time. The LC Exposure of
any US Tranche Revolving Lender at any time shall be its US Tranche Revolving Percentage of the
total LC Exposure at such time.

          “Lead Arranger” means J.P. Morgan Securities Inc., in its capacity as sole lead
arranger and sole bookrunner.

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

          “Letter of Credit” means any letter of credit issued pursuant to this Agreement.

          “LIBO Rate” means, with respect to any Eurocurrency Borrowing other than in Euro under
any Tranche for any Interest Period, the rate per annum determined by the Administrative Agent at
approximately 11:00 a.m., London time, on the Quotation Day for such Interest Period by reference
to the British Bankers’ Association Interest Settlement Rates for deposits in the currency of such
Borrowing (as reflected on the applicable Telerate screen page), for a period equal to such
Interest Period; provided that, to the extent that an interest rate is not ascertainable
pursuant to the foregoing provisions of this definition, the “LIBO Rate” shall be the average
(rounded upward, if necessary, to the next 1/100 of 1%) of the respective interest rates per annum
at which deposits in the currency of such Borrowing are offered for such Interest Period to major
banks in the Applicable Interbank Market by JPMorgan Chase Bank, National Association at
approximately 11:00 a.m., London time, on the Quotation Day for 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 and (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.

          “Loan Documents” means this Agreement, the Subsidiary Guarantee Agreement, the
Collateral Documents, the Intercreditor Agreement, each promissory note delivered pursuant to this
Agreement and each other agreement, instrument, certificate or other document executed in
connection with any of the foregoing.

          “Loan Parties” means the Borrowers and the Subsidiary Guarantors.

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

          “Local Time” means (a) with respect to a Loan, Borrowing or Letter of Credit extended
or issued to the Company under the US Tranche, New York City time, and (b) with respect to any
other Loan or Borrowing, London time.

          “London Business Day” means any day that is not a Saturday, Sunday or other day on
which commercial banks in London are authorized or required by law to remain closed.

          “Mandatory Cost” is described in Schedule 1.01(a).

          “Material Adverse Effect” means a material adverse effect on (a) the business, assets,
property or financial condition of the Company and the Subsidiaries, taken as a whole, or (b) the
validity or enforceability of this Agreement or any other Loan Document or the rights or remedies
of the Agents and the Lenders hereunder and thereunder.

          “Material Indebtedness” means Indebtedness (other than the Loans and Letters of
Credit), or obligations in respect of one or more Swap Agreements, of any one or more of any
Borrower or any Subsidiary in an aggregate principal amount exceeding $25,000,000. For purposes of
determining Material Indebtedness, the “principal amount” of the obligations of any Borrower or any
Subsidiary in respect of any Swap Agreement at any time shall be the maximum aggregate amount
(giving effect to any netting agreements) that such Borrower or such Subsidiary would be required
to pay if such Swap Agreement were terminated at such time.

          “Material Subsidiary” means any direct or indirect Domestic Subsidiary of the Company
or any direct Foreign Subsidiary of the Company or any Subsidiary Guarantor, in each case set forth
on Schedule 3.16 or designated as a Material Subsidiary in a Compliance Certificate
delivered by the Company pursuant to this Agreement.

          “Maturity Date” means September 7, 2011.

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

          “Multiemployer Plan” means a multiemployer plan as defined in Section 4001(a)(3) of
ERISA with respect to which the Company or any of its ERISA Affiliates may have any liability,
contingent or otherwise.

          “Net Mark-to-Market Exposure” of a Person means, as of any date of determination, the
excess (if any) of all unrealized losses over all unrealized profits of such Person arising from
Swap Agreements. “Unrealized losses” means the fair market value of the cost to such Person of
replacing such Swap Agreement as of the date of determination (assuming such Swap Agreement were to
be terminated as of that date), and “unrealized profits” means the fair market value of the gain to
such Person of replacing such Swap Agreement as of the date of determination (assuming such Swap
Agreement were to be terminated as of that date).

          “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

19

 

(including any cash payments received by way of deferred payment of principal pursuant to a
note or installment receivable or purchase price adjustment receivable or otherwise, but excluding
any interest payments), but only as and when received, (ii) in the case of a casualty, insurance
proceeds, and (iii) in the case of a condemnation or similar event, condemnation awards and similar
payments, net of (b) the sum of (i) all reasonable fees and out-of-pocket fees, expenses and
commissions paid 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 as a result of such event to repay Indebtedness (other than Loans)
secured by such asset or otherwise subject to mandatory prepayment as a result of such event and
(iii) the amount of all taxes paid (or reasonably estimated to be payable) and the amount of any
reserves established 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).

          “Obligations” means the due and punctual payment of (a) 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 made to any Borrower, when and as due, whether at maturity, by
acceleration, upon one or more dates set for prepayment or otherwise, (b) each payment required to
be made by the Company 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 (c) all other monetary obligations, including fees, costs, expenses
and indemnities, 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), of the
Borrowers and the Subsidiary Guarantors under this Agreement and the other Loan Documents

          “Off-Balance Sheet Liability” of a Person means, without duplication, (a) any
Attributable Receivables Indebtedness of such Person, (b) any Attributable Debt of such Person
under Sale and Lease Back Transactions and (c) the principal component of (i) any repurchase
obligation or liability of such Person with respect to Receivables or notes receivable sold by such
Person, (ii) any liability under any so-called “synthetic lease” or “tax ownership operating lease”
transaction entered into by such Person or (iii) any obligation arising with respect to any other
transaction which is the functional equivalent of or takes the place of borrowing but which does
not constitute a liability on the consolidated balance sheets of such Person, but excluding from
this clause (iii) all Operating Leases.

          “Operating Lease” of a Person means any lease of an asset (other than a Capitalized
Lease) by such Person as lessee which has an original term (including any required renewals and any
renewals effective at the option of the lessor) of one year or more.

          “Other Taxes” means any and all present or future stamp or documentary taxes or any
other excise or property taxes, charges or similar levies arising from any payment made

20

 

hereunder or from the execution, delivery or enforcement of, or otherwise with respect to,
this Agreement or any other Loan Document.

          “Participant” has the meaning set forth in Section 11.04.

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

          “Permitted Acquisition” means (a) subject to the satisfaction of the terms and
conditions in Section 4.01, the Spectrum Acquisition, and (b) any other acquisition
(whether by purchase, merger, consolidation or otherwise but excluding in any event a Hostile
Acquisition) or series of related acquisitions by the Company or any Subsidiary of all or
substantially all the assets of, or more than fifty percent (50%) of the Equity Interests in, a
Person or division or line of business of a Person if, at the time of and immediately after giving
effect thereto, (i) no Default has occurred and is continuing or would arise after giving effect
thereto, (ii) such Person or division or line of business is engaged in a type of business that
complies with the requirements of the last sentence of Section 6.03, (iii) the Total
Leverage Ratio of the Company shall not exceed 2.00 to 1.00 and the Fixed Charge Coverage Ratio
shall not be less than 1.25 to 1.00, in each case determined on a pro forma basis reasonably
acceptable to the Administrative Agent after giving effect to such acquisition, recomputed as of
the last day of the most recently ended fiscal quarter of the Company for which financial
statements are available, as if such acquisition (and any related incurrence or repayment of
Indebtedness, with any new Indebtedness being deemed to be amortized over the applicable testing
period in accordance with its terms) had occurred on the first day of each relevant period for
testing such compliance and (iv) the Company shall have delivered a Compliance Certificate not less
than fifteen (15) days (or such shorter period as the Administrative Agent shall agree) prior to
the consummation of such acquisition demonstrating compliance with the foregoing clause
(iii) and setting forth the Material Subsidiaries after giving effect to such acquisition.

          “Permitted Encumbrances” means:

          (a) Liens for taxes that are not yet due or are being contested in compliance with
Section 5.04;

          (b) carriers’, suppliers’, 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 5.04;

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

          (d) Liens securing the performance of bids, tenders, 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;

21

 

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

          (f) easements, zoning restrictions, rights-of-way, use restrictions, minor defects
or irregularities in title, reservations (including reservations in any original grant
from any government of any water or mineral rights or interests therein) 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 Company or any Subsidiary;

          (g) Liens in favor of payor banks having a right of setoff, revocation, refund or
chargeback with respect of money or instruments of the Company or any Subsidiary on
deposit with or in possession of such bank;

          (h) deposits securing liability to insurance carriers under insurance or
self-insurance arrangements; and

          (i) Liens created under the Collateral Documents.

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

     (c) investments in commercial paper maturing within one year from the date of
acquisition thereof and rated, at such date of acquisition, at least A-2 by S&P or P-2 by
Moody’s, or carrying an equivalent rating by a nationally recognized rating agency if both
of the two named rating agencies cease publishing ratings of commercial paper issuers
generally;

     (d) investments in certificates of deposit, banker’s acceptances and time deposits
maturing within one year 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;

22

 

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

     (f) 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, and (ii) are rated
AAA by S&P or Aaa by Moody’s;

     (g) in the case of any Foreign Subsidiary, high quality, short-term liquid Investments
made by such Foreign Subsidiary in the ordinary course of managing its surplus cash position
in investments in any OECD country of similar quality as those described in clauses
(a) through (f) above; and

     (h) demand deposit accounts maintained in the ordinary course of business.

          “Permitted Receivables Facility” means the receivables facility or facilities created
under the Permitted Receivables Facility Documents, providing for the sale or pledge by the Company
and/or one or more other Receivables Sellers of Permitted Receivables Facility Assets (thereby
providing financing to the Company and the Receivables Sellers) to the Receivables Entity (either
directly or through another Receivables Seller), which in turn shall sell or pledge interests in
the respective Permitted Receivables Facility Assets to third-party investors pursuant to the
Permitted Receivables Facility Documents (with the Receivables Entity permitted to issue investor
certificates, purchased interest certificates or other similar documentation evidencing interests
in the Permitted Receivables Facility Assets) in return for the cash used by the Receivables Entity
to purchase the Permitted Receivables Facility Assets from the Company and/or the respective
Receivables Sellers, in each case as more fully set forth in the Permitted Receivables Facility
Documents.

          “Permitted Receivables Facility Assets” means (a) Receivables (whether now existing or
arising in the future) of the Company and its Subsidiaries which are transferred or pledged to the
Receivables Entity pursuant to the Permitted Receivables Facility and any related assets which are
also so transferred or pledged to the Receivables Entity and all proceeds thereof and (b) loans to
the Company and its Subsidiaries secured by Receivables (whether now existing or arising in the
future) of the Company and its Subsidiaries which are made pursuant to the Permitted Receivables
Facility.

          “Permitted Receivables Facility Documents” means each of the documents and agreements
entered into in connection with the Permitted Receivables Facility, including all documents and
agreements relating to the issuance, funding and/or purchase of certificates and purchased
interests, all of which documents and agreements (in the case of material documents and agreements)
shall be in form and substance reasonably satisfactory to the Administrative Agent in all material
respects, in each case as such documents and agreements may be amended, restated, amended and
restated, modified, supplemented, refinanced or replaced from time to time so long as (a) any such
amendments, modifications, supplements, refinancings or replacements do not impose any conditions
or requirements on the Company or any of its Subsidiaries that are more restrictive in any material
respect than those in existence immediately prior to any such amendment, modification, supplement,
refinancing or replacement, and (b) any such

23

 

amendments, modifications, supplements, refinancings or replacements are not adverse in any
material way to the interests of the Lenders. The Administrative Agent and the Lenders hereby
acknowledge that all Permitted Receivables Facility Documents in effect on the Effective Date with
respect to the Permitted Receivables Facility to which Insight Receivables, LLC is a party are
satisfactory in form.

          “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 Company 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.

          “Pledge Agreements” means (i) the Company Pledge Agreement, (ii) the Subsidiary Pledge
Agreement and (iii) such other pledge agreements as may from time to time be made by the Company or
any other Loan Party in favor of the Administrative Agent for the benefit of the Holders of Secured
Obligations.

          “Prepayment Event” means:

     (a) any sale, transfer or other disposition of any property or asset of the Company or
any Subsidiary described in Section 6.03(i) or (k) which yields Net Proceeds to any
Loan Party in excess of $1,000,000;

     (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 Company or
any Subsidiary which yields Net Proceeds to any Loan Party in an amount equal to or greater
than $1,000,000;

     (c) the issuance by the Company of any Equity Interests, or the receipt by the Company
of any capital contribution (other than any issuance or sale of any Equity
Interests of the Company as a result of the exercise of any options for such Equity
Interests by any officer or other management employee of the Company or any of its
Subsidiaries); or

     (d) the incurrence by the Company or any Subsidiary of any Indebtedness, other than
Indebtedness permitted under Section 6.01 or permitted by the Required Lenders
pursuant to Section 11.02.

          “Prime Rate” means the rate of interest per annum publicly announced from time to time
by JPMorgan Chase Bank, National Association 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, and such prime rate need not be the lowest
interest rate charged by JPMorgan Chase Bank, National Association in respect of loans or other
extensions of credit.

24

 

          “Qualified Equity Interests” means any Equity Interests that do not constitute
Disqualified Equity Interests.

          “Quotation Day” means, in relation to any period for which an interest rate is to be
determined:

          (a) if the currency is in Euro, two TARGET Days and two London Business Days (to the extent
the two are not the same) before the first day of that period; or

          (b) for US Dollars or any Alternative Currency other than Euro, two Business Days before the
first day of that period,

unless market practice differs in the Applicable Interbank Market for a currency, in which case the
Quotation Day for that currency will be determined by the Applicable Agent in accordance with
market practice in the Applicable Interbank Market (and if quotations would normally be given by
leading banks in the Applicable Interbank Market on more than one day, the Quotation Day will be
the last of those days).

          “Receivables” means all accounts receivable (including, without limitation, all rights
to payment created by or arising from sales of goods, leases of goods or the rendition of services
rendered no matter how evidenced whether or not earned by performance).

          “Receivables Entity” means a wholly-owned Subsidiary of the Company which engages in
no activities other than in connection with the financing of accounts receivable of the Receivables
Sellers and which is designated (as provided below) as the “Receivables Entity” (a) no portion of
the Indebtedness or any other obligations (contingent or otherwise) of which (i) is guaranteed by
the Company or any other Subsidiary of the Company (excluding guarantees of obligations (other than
the principal of, and interest on, Indebtedness)) pursuant to Standard Securitization Undertakings,
(ii) is recourse to or obligates the Company or any other Subsidiary of the Company in any way
(other than pursuant to Standard Securitization Undertakings) or (iii) subjects any property or
asset of the Company or any other Subsidiary of the Company, directly or indirectly, contingently
or otherwise, to the satisfaction thereof, other than pursuant to Standard Securitization
Undertakings, (b) with which neither the Company nor any of its Subsidiaries has any contract,
agreement, arrangement or understanding (other than pursuant to the Permitted Receivables Facility
Documents (including with respect to fees payable in the ordinary course of business in connection
with the servicing of accounts receivable and related assets)) on terms less favorable to the
Company or such Subsidiary than those that might be obtained at the time from persons that are not
Affiliates of the Company, and (c) to which neither the Company nor any other Subsidiary of the
Company has any obligation to maintain or preserve such entity’s financial condition or cause such
entity to achieve certain levels of operating results. Except with respect to Insight Receivables,
LLC, an Illinois limited liability company, which is hereby designated as a Receivables Entity, any
such designation shall be evidenced to the Administrative Agent by filing with the Administrative
Agent an officer’s certificate of the Company certifying that such designation complied with the
foregoing conditions.

25

 

          “Receivables Sellers” means the Company and its Subsidiaries (other than the
Receivables Entity, Spectrum and any Subsidiary of Spectrum) that are from time to time party to
the Permitted Receivables Facility Documents.

          “Register” has the meaning set forth in Section 11.04.

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

          “Rentals” of a Person means the aggregate fixed amounts payable by such Person under
any Operating Lease.

          “Required Lenders” means, at any time, Lenders having Revolving Credit Exposures,
outstanding principal amount of US Tranche Term Loans and unused Commitments representing greater
than 50% of the sum of the total Revolving Credit Exposures, aggregate outstanding principal amount
of US Tranche Term Loans and unused Commitments at such time.

          “Reserve Account” has the meaning set forth in Section 9.02.

          “Restricted Payment” means any dividend or other distribution (whether in cash,
securities or other property) with respect to any Equity Interests in the Company or any
Subsidiary, or any payment (whether in cash, securities or other property), including any sinking
fund or similar deposit, on account of the purchase, redemption, retirement, acquisition,
cancellation or termination of any such Equity Interests in the Company or any Subsidiary thereof
or any option, warrant or other right to acquire any such Equity Interest in the Company or any
Subsidiary thereof.

          “Revolving Borrowing” means a Borrowing comprised of US Tranche Revolving Loans or
European Tranche Revolving Loans.

          “Revolving Commitments” means the US Tranche Revolving Commitments and the European
Tranche Commitments.

          “Revolving Credit Exposure” means a US Tranche Revolving Exposure or a European
Tranche Exposure.

          “Revolving Loan” means a US Tranche Revolving Loan or a European Tranche Revolving
Loan.

          “S&P” means Standard & Poor’s.

          “Sale and Leaseback Transaction” means any sale or other transfer of any asset by a
Person with the intent to lease such asset as lessee.

          “Secured Obligations” means (a) the Obligations and (b) unless otherwise agreed upon
in writing by the applicable Lender party thereto, the due and punctual payment and performance of
all obligations of the Company or any Subsidiary, monetary or otherwise, under

26

 

each Swap Agreement entered into with any counterparty that was a Lender (or an Affiliate
thereof) at the time such Swap Agreement was entered into.

          “Security Agreements” means the Company Security Agreement and the Subsidiary Security
Agreement.

          “Seller” means Technology Spectrum, Inc., a Delaware corporation.

          “Solvent” means, with respect to any Person on a particular date, that on such date
(a) the fair value of the property of such Person is greater than the total amount of liabilities,
including contingent liabilities, of such Person; (b) the present fair salable value of the assets
of such Person is not less than the amount that will be required to pay the probable liability of
such Person on its debts as they become absolute and matured; (c) such Person does not intend to,
and does not believe that it will, incur debts or liabilities beyond such Person’s ability to pay
as such debts and liabilities mature; and (d) such Person is not engaged in a business or
transaction, and is not about to engage in a business or transaction, for which such Person’s
property would constitute an unreasonably small capital. The amount of contingent liabilities
(such as litigation, guaranties and pension plan liabilities) at any time shall be computed as the
amount that, in light of all the facts and circumstances existing at the time, represents the
amount that can be reasonably be expected to become an actual or matured liability.

          “Spectrum” means Software Spectrum, Inc., a Delaware corporation.

          “Spectrum Acquisition” means the acquisition by the Company of all of the issued and
outstanding Equity Interests of Spectrum on the terms and conditions set forth in the Spectrum
Acquisition Agreement.

          “Spectrum Acquisition Agreement” means that certain Stock Purchase Agreement, dated as
of July 20, 2006, among the Company, Level 3 Communications, Inc. and the Seller, as amended,
restated, supplemented or otherwise modified from time to time.

          “Spectrum Material Adverse Effect” shall mean a material adverse effect on the
business, financial condition, assets, liabilities or results of operations of Spectrum and its
Subsidiaries, taken as a whole; provided, however, that a Spectrum Material Adverse
Effect shall not include the impact of changes in or attributable to (i) the announcement of the
Spectrum Acquisition Agreement, including without limitation, any impact thereof on relationships
with customers, suppliers or employees, or the performance by the Seller, the Spectrum or any
Subsidiary of the Spectrum of the transactions contemplated by the Spectrum Acquisition Agreement,
(ii) general economic conditions, (iii) financial or securities market conditions, (iv) GAAP or in
laws or interpretations thereof by a governmental entity of competent jurisdiction, (v) any act or
omission by the Seller, Spectrum or any Subsidiary of Spectrum taken with the prior written consent
of the Company and the Administrative Agent, (vi) the industry in which Spectrum and its
Subsidiaries operate, (vii) any adverse change or event that is cured by the Seller or Spectrum
prior to the Effective Date or (viii) the implementation of Microsoft Corporation’s Enterprise
Software Advisor 2.0 licensing model, except, in the cases of clauses (ii), (iii),
(iv) and (vi), to the extent that such changes have a disproportionately adverse
effect on Spectrum and its Subsidiaries as compared to other comparable businesses.

27

 

          “Standard Securitization Undertakings” means representations, warranties, covenants
and indemnities entered into by the Company or any Subsidiary thereof in connection with the
Permitted Receivables Facility which are reasonably customary in an accounts receivable financing
transaction.

          “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 fundings (currently referred to as
“Eurocurrency Liabilities” in Regulation D of the Board). Such reserve percentages shall include
those imposed pursuant to such Regulation D. Eurocurrency 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.

          “Sterling” and “£” mean the lawful currency of the United Kingdom.

          “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 of such date, 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 Company (after giving effect to the Spectrum
Acquisition); provided, that Persons that would be required in accordance with GAAP to be
consolidated with the Company, but which are not otherwise controlled by the Company shall be
“Subsidiaries” hereunder solely for the purpose of making calculations under Section 6.10
hereof, but shall not be “Subsidiaries” hereunder for purposes of any representation, warranty or
other covenant hereunder.

          “Subsidiary Guarantee Agreement” means the Amended and Restated Subsidiary Guaranty,
dated as of the date hereof, among the Subsidiary Guarantors and the Administrative Agent, for the
benefit of the Holders of Secured Obligations.

          “Subsidiary Guarantors” means each Initial Subsidiary Guarantor and each other Person
that becomes party to a Subsidiary Guarantee Agreement as a Subsidiary Guarantor, and the permitted
successors and assigns of each such Person.

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          “Subsidiary Pledge Agreement” means that certain Amended and Restated Domestic
Subsidiary Pledge Agreement, dated as of the date hereof, among the Subsidiary Guarantors and the
Administrative Agent, for the benefit of the Holders of Secured Obligations

          “Subsidiary Security Agreement” means the Amended and Restated Subsidiary Security
Agreement, dated as of the date hereof, among certain of the Subsidiary Guarantors and the
Administrative Agent, for the benefit of the Holders of Secured Obligations.

          “Substantial Portion” means, with respect to the assets of the Company and its
Subsidiaries, assets that represent more than 7.5% of the consolidated assets of the Company and
its Subsidiaries or assets that are responsible for more than 7.5% of the consolidated net sales or
of the consolidated net income of the Company and its Subsidiaries, in each case, as would be shown
in the consolidated financial statements of the Company and its Subsidiaries as at the end of the
four fiscal quarter period ending with the fiscal quarter immediately prior to the fiscal quarter
in which such determination is made (or if financial statements have not been delivered hereunder
for that fiscal quarter which ends the four fiscal quarter period, then the financial statements
delivered hereunder for the quarter ending immediately prior to that quarter).

          “Swap Agreement” means any agreement with respect to any swap, forward, future or
derivative transaction or option or similar agreement involving, or settled by reference to, one or
more rates, currencies, commodities, equity or debt instruments or securities, or economic,
financial or pricing indices or measures of economic, financial or pricing risk or value or any
similar transaction or any combination of these transactions; provided that no phantom
stock or similar plan providing for payments only on account of services provided by current or
former directors, officers, employees or consultants of the Company or the Subsidiaries shall be a
Swap Agreement.

          “Swingline Exposure” means, at any time, the sum of (a) the US Tranche Swingline
Exposure and (b) the European Tranche Swingline Exposure. The Swingline Exposure of any Lender
shall be the sum of (a) the US Tranche Swingline Exposure for such Lender, if any, and (b) the
European Tranche Swingline Exposure for such Lender, if any, at such time.

          “Swingline Lender” means the US Tranche Swingline Lender or the European Tranche
Swingline Lender, as applicable.

          “Swingline Loan” means a US Tranche Swingline Loan or a European Tranche Swingline
Loan, as applicable.

          “TARGET” means Trans-European Automated Real-time Gross Settlement Express Transfer
payment system.

          “TARGET Day” means any day on which TARGET is open for settlement of payments in Euro.

          “Tax Certificate” has the meaning assigned to such term in Section 2.18(a).

29

 

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

          “Total Leverage Ratio” means, as of the end of any fiscal quarter of the Company, the
ratio of Consolidated Funded Indebtedness at such time to Adjusted Consolidated EBITDA for the four
fiscal quarter period then most recently ended.

          “Tranche” means the US Tranche or the European Tranche.

          “Tranche Percentage” means, with respect to any Lender, such Lender’s US Tranche
Revolving Percentage, US Tranche Term Loan Percentage or European Tranche Percentage, as
applicable.

          “Transactions” means (i) the execution, delivery and performance by the Borrowers of
this Agreement, the execution, delivery and performance by the Borrowers and their applicable
Affiliates of all other Loan Documents, the borrowing of Loans and the use of the proceeds thereof
and the issuance of Letters of Credit hereunder and (ii) the Spectrum Acquisition.

          “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
Applicable Interbank Rate or the Alternate Base Rate.

          “UK Borrower” means Insight Direct (UK) Ltd., a company organized under the laws of
England, together with its successors and permitted assigns.

          “US Dollar Equivalent” means, on any date of determination, (a) with respect to any
amount in US Dollars, such amount, and (b) with respect to any amount in an Alternative Currency,
the equivalent in US Dollars of such amount, determined by the Administrative Agent pursuant to
Section 1.05 using the Exchange Rate with respect to such Alternative Currency at the time
in effect under the provisions of such Section.

          “US Dollars” or “$” means the lawful money of the United States of America.

          “US Swingline Rate” means either (a) the Alternate Base Rate plus the Applicable Rate
for ABR Loans or (b) a rate mutually agreed upon by the Company and JPMorgan Chase Bank, National
Association.

          “US Tranche” means the US Tranche Revolving Commitments, the US Tranche Revolving
Loans, the US Tranche Term Loan Commitments, the US Tranche Term Loans, the LC Exposure and the US
Tranche Swingline Loans.

          “US Tranche Lender” means a US Tranche Revolving Lender or a US Tranche Term Lender.

          “US Tranche Revolving Borrowing” means a Borrowing comprised of US Tranche Revolving
Loans.

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          “US Tranche Revolving Commitment” means, with respect to each Lender, the commitment
of such Lender to make US Tranche Revolving Loans and to acquire participations in Letters of
Credit and US Tranche Swingline Loans hereunder, expressed as an amount representing the maximum
aggregate amount of such Lender’s US Tranche Revolving Exposure hereunder, as such commitment may
be (a) reduced from time to time pursuant to Section 2.08, (b) increased from time to time
pursuant to Section 2.09 and (c) reduced or increased from time to time pursuant to
assignments by or to such Lender pursuant to Section 11.04. The initial amount of each
Lender’s US Tranche Revolving Commitment is set forth on Schedule 2.01, or in the
Assignment and Assumption pursuant to which such Lender shall have assumed its US Tranche Revolving
Commitment, as applicable. The aggregate amount of the US Tranche Revolving Commitments on the
date hereof is the US Dollar Equivalent of $50,000,000.

          “US Tranche Revolving Exposure” means, with respect to any US Tranche Revolving Lender
at any time, the sum at such time, without duplication, of (a) such Lender’s US Tranche Revolving
Percentage of the sum of the principal amounts of the outstanding US Tranche Revolving Loans, plus
(b) the aggregate amount of such Lender’s LC Exposure and US Tranche Swingline Exposure at such
time.

          “US Tranche Revolving Lender” means Lender with a US Tranche Revolving Commitment.

          “US Tranche Revolving Loan” means a Loan made by a US Tranche Revolving Lender
pursuant to Section 2.01(a).

          “US Tranche Revolving Percentage” means, with respect to any US Tranche Revolving
Lender, the percentage of the total US Tranche Revolving Commitments represented by such Lender’s
US Tranche Revolving Commitment. If the US Tranche Revolving Commitments have terminated or
expired, the US Tranche Revolving Percentages shall be determined based upon the US Tranche
Revolving Commitments most recently in effect, giving effect to any assignments.

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

          “US Tranche Swingline Lender” means JPMorgan Chase Bank, National Association, in its
capacity as lender of US Tranche Swingline Loans hereunder.

          “US Tranche Swingline Loan” means a Loan made by the US Tranche Swingline Lender to
the Company or a European Borrower pursuant to Section 2.04.

          “US Tranche Term Loan” means a Loan made by a US Tranche Term Loan Lender pursuant to
Section 2.01(b), which Loan shall be denominated in US Dollars and shall constitute either
a Eurocurrency Loan or an ABR Loan.

          “US Tranche Term Loan Borrowing” means a Borrowing comprised of US Tranche Term Loans.

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          “US Tranche Term Loan Commitment” means, with respect to each Lender, the commitment
of such Lender to make a US Tranche Term Loan, expressed as an amount representing the maximum
aggregate amount of such Lender’s US Tranche Term Loan Exposure hereunder. The initial amount of
each Lender’s US Tranche Term Loan Commitment is set forth on Schedule 2.01, or in the
Assignment and Assumption pursuant to which such Lender shall have assumed its US Tranche Term Loan
Commitment, as applicable. The aggregate amount of the US Tranche Term Loan Commitments on the
date hereof is the US Dollar Equivalent of $75,000,000. After advancing a US Tranche Term Loan,
each reference to a US Tranche Term Lender’s US Tranche Term Loan Commitment shall refer to the US
Tranche Term Loans held by such Lenders.

          “US Tranche Term Loan Exposure” means, with respect to any US Tranche Term Lender at
any time, the sum at such time such Lender’s US Tranche Term Loan Percentage of the sum of the
principal amounts of the outstanding US Tranche Term Loans.

          “US Tranche Term Loan Lender” means a Lender with a US Tranche Term Loan Commitment.

          “US Tranche Term Loan Percentage” means, with respect to any US Tranche Term Loan
Lender, the percentage of the total US Tranche Term Loan Commitments represented by such Lender’s
US Tranche Term Loan Commitment. After advancing a US Tranche Term Loan, each reference to a US
Tranche Term Lender’s US Tranche Term Loan Percentage shall refer to the percentage of the
aggregate outstanding principal amount of the US Tranche Term Loans represented by the outstanding
principal amount of the US Tranche Term Loans held by such Lender.

          “Vendor Trade Programs” means those certain inventory finance transactions from time
to time entered into by the Company or its Affiliates with IBM Credit Corporation or its Affiliates
and Hewlett Packard Corporation or its Affiliates or any other Person reasonably acceptable to the
Administrative Agent, in each case only so long as such parties are bound by and subject to the
Intercreditor Agreement.

          “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 “US Tranche Revolving
Loan”) or by Type (e.g., a “Eurocurrency Loan”) or by Class and Type (e.g., a
“Eurocurrency US Tranche Revolving Loan”). Borrowings also may be classified and referred to by
Class (e.g., a “US Tranche Revolving Borrowing”) or by Type (e.g., a “Eurocurrency
Borrowing”) or by Class and Type (e.g., a “Eurocurrency US Tranche 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 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

32

 

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, restated, supplemented or otherwise
modified (subject to any restrictions on such amendments, restatements, 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 Company notifies the Administrative Agent
that the Company 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 Company 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.

          SECTION 1.05. Foreign Currency Calculations. (a) For purposes of determining the
European Tranche Exposure, the US Tranche Revolving Exposure or any other amount as a result of
foreign currency exchange rate fluctuation, the Administrative Agent shall determine the Exchange
Rate as of the applicable Exchange Rate Date with respect to each Alternative Currency in which any
requested or outstanding Borrowing is denominated and shall apply such Exchange Rates to determine
such amount (in each case after giving effect to any Borrowings to be made or repaid and any
Letters of Credit to be issued, amended, renewed, extended or terminated, to the extent practicable
on or prior to the applicable date for such calculation). The amount of any LC Disbursement made
by an Issuing Bank in an Alternative Currency and not reimbursed by the Company shall be determined
as set forth in paragraph (e) of Section 2.05.

          (b) For purposes of any determination under Section 6.01 or 6.02 or under
paragraph (f), (g) or (k) of Article VII, all amounts incurred,
outstanding or proposed to be incurred or outstanding in currencies other than US Dollars shall be
translated into US Dollars at the currency exchange rates in effect on the date of such
determination; provided that no Default or Event of Default shall arise as a result of any
limitation set forth in US Dollars in Section 6.01 or 6.02 being exceeded solely as
a result of changes in currency exchange rates from those rates applicable at the time or times
Indebtedness or Liens were initially consummated in reliance on the exceptions under such Sections.

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ARTICLE II

The Credits

          SECTION 2.01. Commitments. (a) Subject to the terms and conditions set forth
herein, each US Tranche Revolving Lender agrees to make US Tranche Revolving Loans to the Company
and the European Borrowers from time to time during the Availability Period in (i) US Dollars to
the Company and (ii) US Dollars or an Alternative Currency to the European Borrowers, in each case
in an aggregate principal amount at any time outstanding that will not result in (i) such Lender’s
US Tranche Revolving Exposure exceeding its US Tranche Revolving Commitment, or (ii) the aggregate
amount of the Lenders’ US Tranche Revolving Exposures exceeding the aggregate amount of the US
Tranche Revolving Commitments.

          (b) Subject to the terms and conditions set forth herein, each US Tranche Term Loan Lender
agrees to make a single US Tranche Term Loan to the Company in US Dollars on the Effective Date in
an aggregate principal amount equal to its US Tranche Term Loan Commitment.

          (c) Subject to the terms and conditions set forth herein, each European Tranche Lender agrees
to make European Tranche Revolving Loans to (i) the European Borrowers in Alternative Currencies
and (ii) the Company in US Dollars from time to time during the Availability Period in an aggregate
principal amount at any time outstanding that will not result in (i) such Lender’s European Tranche
Exposure exceeding its European Tranche Commitment or (ii) the aggregate amount of the Lenders’
European Tranche Exposures exceeding the aggregate amount of the European Tranche Commitments.

          (d) Within the foregoing limits and subject to the terms and conditions set forth herein, the
Borrowers may borrow, prepay and reborrow Revolving Loans. No amount prepaid or repaid in respect
of any US Tranche Term Loan may be re-borrowed.

          (e) Notwithstanding the foregoing provisions of this Section 2.01, no Loans shall be
requested by, or made to, the UK Borrower under any Tranche until:

     (i) the Company, the UK Borrower, the Agents and the Lenders shall have agreed in
writing to such modifications to Section 2.17, and to such further agreements and
arrangements, as shall reasonably be required by such Persons (including, if appropriate,
the giving of an indemnity and undertakings by each Foreign Lender to the Agents) so as to:

	 	(A)	 	facilitate the making of any and all payments
by the UK Borrower hereunder to a Foreign Lender free and clear of and
without withholding or deduction for or on account of any United
Kingdom tax; and
	 
	 	(B)	 	ensure that, if (other than as a result of the
failure of a Foreign Lender to use its reasonable endeavours to
cooperate with the UK Borrower in completing the procedural formalities
necessary for the UK Borrower to make all payments hereunder to a
Foreign

34

 

	 	 	 	Lender free and clear of and without any deduction for United Kingdom
tax) a withholding or deduction is made from such a payment, the
amount of the payment due from the UK Borrower hereunder shall be
increased to an amount which (after the withholding or deduction)
leaves an amount equal to the payment which would have been due if no
withholding or deduction for or on account of United Kingdom tax had
been made, and

     (ii) Her Majesty’s Revenue and Customs (“HMRC”) shall have issued to the UK
Borrower a valid direction authorizing the UK Borrower to make payments of interest
hereunder to each Foreign Lender free and clear of and without withholding or deduction for
or on account of any United Kingdom tax.

Each party hereto agrees to negotiate in good faith to determine and agree upon such
modifications and further agreements and arrangements within a reasonable time period
following the Effective Date; provided, that whether an Agent should seek the
admission of a Loan to HMRC’s “Provisional Treaty Relief Scheme” shall be a matter solely
for that Agent, and will be determined in the absolute discretion of that Agent.

          SECTION 2.02. Loans and Borrowings. (a) Each US Tranche Revolving Loan shall be
made as part of a Borrowing consisting of US Tranche Revolving Loans made by the US Tranche
Revolving Lenders ratably in accordance with their respective US Tranche Revolving Commitments.
Each US Tranche Term Loan shall be made as part of the same one-time Borrowing consisting of US
Tranche Term Loans made by the US Tranche Term Loan Lenders on the Effective Date ratably in
accordance with their respective US Tranche Term Loan Commitments. Each European Tranche Revolving
Loan shall be made as part of a Borrowing consisting of European Tranche Revolving Loans made by
the European Tranche Lenders ratably in accordance with their respective European Tranche
Commitments. 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 hereunder.

          (b) Subject to Section 2.14,

     (i) each US Tranche Revolving Borrowing shall be comprised entirely of Eurocurrency
Loans or, solely with respect to US Tranche Revolving Borrowings made in US Dollars to the
Company, ABR Loans, in each case as the Company or a European Borrower may request in
accordance herewith; provided that all US Tranche Revolving Borrowings made on the
Effective Date must be made as ABR Borrowings but may be converted into Eurodollar
Borrowings in accordance with Section 2.07;

     (ii) each US Tranche Term Loan Borrowing shall be comprised entirely of Eurocurrency
Loans or ABR Loans, in each case as the Company may request in accordance herewith;
provided that the US Tranche Term Loan Borrowing made on the Effective Date must be
made as an ABR Borrowing but may be converted into one or more Eurodollar Borrowings in
accordance with Section 2.07;

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     (iii) each European Tranche Revolving Borrowing shall be comprised entirely of
Eurocurrency Loans;

     (iv) each US Tranche Swingline Loan shall bear interest by reference to the US
Swingline Rate; and

     (v) each European Tranche Swingline Loan shall bear interest by reference to the
European Tranche Swingline Rate.

Each Lender at its option may make any Loan by causing any domestic or foreign branch or Affiliate
of such Lender to make such Loan (and in the case of an Affiliate, the provisions of Sections
2.14, 2.15, 2.16, 2.17 and 2.19 shall apply to such Affiliate
to the same extent as to such Lender); provided that any exercise of such option shall not
affect the obligation of the applicable Borrower to repay such Loan in accordance with the terms of
this Agreement.

          (c) Each Borrowing shall be in an aggregate amount that is at least equal to the Borrowing
Minimum and an integral multiple of the Borrowing Multiple; provided that an ABR Borrowing
to the Company in US Dollars under the US Tranche Revolving Commitments may be made in an aggregate
amount that is equal to the aggregate available US Tranche Revolving Commitments or that is
required to finance the reimbursement of an LC Disbursement as contemplated by Section
2.05(e). Borrowings of more than one Type and Class may be outstanding at the same time;
provided, that (i) there shall not at any time be more than a total of 8 US Tranche
Eurocurrency Revolving Borrowings outstanding, (ii) there shall not at any time be more than a
total of 8 European Tranche Eurocurrency Revolving Borrowings outstanding and (iii) there shall not
at any time be more than a total of 8 US Tranche Term Loan Borrowings outstanding.

          (d) Notwithstanding any other provision of this Agreement, no Borrower shall 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 Maturity Date.

          SECTION 2.03. Requests for Revolving Borrowings.

          (a) To request a Revolving Borrowing, the applicable Borrower, or the Company on behalf of
the applicable Borrower, shall notify the Applicable Agent (and the Administrative Agent, if the
Applicable Agent is not the Administrative Agent) of such request by telephone:

     (i) in the case of a Eurocurrency Borrowing, not later than 1:00 p.m., Local Time,
three Business Days before the date of the proposed Borrowing, and

     (ii) in the case of an ABR Borrowing in respect of a US Tranche Revolving Loan made in
US Dollars to the Company, not later than 1:00 p.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 by 2:00 p.m.
(Local Time) on the same Business Day by hand delivery or telecopy to the Applicable Agent of a
written Borrowing Request in a form approved by the Applicable Agent and signed by the applicable
Borrower, or by the Company on behalf of the applicable Borrower. Each such

36

 

telephonic and written Borrowing Request shall specify the following information in compliance with
Section 2.02:

          1. The Borrower requesting such Borrowing (or on whose behalf the Company is requesting such
Borrowing);

          2. Whether the requested Borrowing is to be a US Tranche Revolving Borrowing or a European
Tranche Revolving Borrowing;

          3. The currency and aggregate principal amount of the requested Borrowing;

          4. The date of the requested Borrowing, which shall be a Business Day;

          5. The Type of the requested Borrowing;

          6. In the case of a Eurocurrency Borrowing, the initial Interest Period to be applicable
thereto, which shall be a period contemplated by the definition of the term “Interest Period”; and

          7. The location and number of the relevant account(s) to which funds are to be disbursed,
which shall comply with the requirements of Section 2.06.

          (b) If no election as to the Type of Borrowing is specified, then the requested
Revolving Borrowing shall be (i) in the case of a Borrowing under the US Tranche in US
Dollars by the Company, an ABR Borrowing, and (ii) in the case of a Borrowing under the
European Tranche, or the US Tranche by a European Borrower, a Eurocurrency Borrowing.
If no Interest Period is specified with respect to any requested Eurocurrency Borrowing,
then the relevant 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 Applicable Agent shall advise each Lender that will make a Loan as
part of the requested Revolving Borrowing of the details thereof and of the amount of
the Loan to be made by such Lender as part of the requested Revolving Borrowing.

          SECTION 2.04. Swingline Loans. (a) Subject to the terms and conditions set forth
herein, the US Tranche Swingline Lender agrees to make US Tranche Swingline Loans in US Dollars to
the Company or a European Borrower from time to time during the Availability Period, in an
aggregate principal amount at any time outstanding that will not result in (i) the aggregate
principal amount of outstanding US Tranche Swingline Loans exceeding $15,000,000 or (ii) the total
US Tranche Revolving Exposures exceeding the total US Tranche Revolving Commitments;
provided that the US Tranche Swingline Lender shall not be required to make a US Tranche
Swingline Loan to refinance an outstanding US Tranche Swingline Loan. Subject to the terms and
conditions set forth herein, the European Tranche Swingline Lender agrees to make European Tranche
Swingline Loans in an Alternative Currency to a European Borrower from time to time during the
Availability Period, in an aggregate principal amount at any time outstanding that will not result
in (i) the US Dollar Equivalent of the aggregate principal amount of outstanding European Tranche
Swingline Loans exceeding the US Dollar Equivalent of $5,000,000 or (ii) the total European Tranche
Exposures exceeding the total European Tranche

37

 

Commitments; provided that the European Tranche Swingline Lender shall not be required
to make a European Tranche Swingline Loan to refinance an outstanding European Tranche Swingline
Loan. Within the foregoing limits and subject to the terms and conditions set forth herein, the
Borrowers may borrow, prepay and reborrow Swingline Loans.

          (b) To request a Swingline Loan, the applicable Borrower shall notify the Applicable Agent of
such request by telephone (confirmed by telecopy), not later than (x) 1:00 p.m., New York city
time, for a Swingline Loan administered by the Administrative Agent and (y) 10:00 a.m. London time
with respect to a Swingline Loan administered by the European Agent, on the day of a proposed
Swingline Loan. Each such notice shall be irrevocable, shall be deemed to certify that all
conditions for a Borrowing set forth in this Agreement have been satisfied, and shall specify the
requested date (which shall be a Business Day) and amount of the requested Swingline Loan, the
Tranche under which the requested Swingline Loan will be borrowed and, in the case of a European
Tranche Swingline Loan, the Interest Period to be applicable thereto (which shall be a period
contemplated by the definition of the term “Interest Period”). The Applicable Agent will promptly
advise the applicable Swingline Lender of any such notice received from such Borrower. The
applicable Swingline Lender shall, subject to the terms and condition of this Agreement, make each
Swingline Loan available to the applicable Borrower (which may vary based upon the Tranche under
which such Swingline Loan is made) by depositing the same, in immediately available funds, to an
account of such Borrower designated by such Borrower or the Company on behalf of such Borrower with
the Administrative Agent or the European Agent, as applicable, or, solely with respect to those
Swingline Loans administered by the Administrative Agent, by wire transfer to an account specified
by such Borrower in the applicable borrowing request (or, in the case of a US Tranche Swingline
Loan made to finance the reimbursement of an LC Disbursement as provided in Section
2.05(e), by remittance to the applicable Issuing Bank) by 3:00 p.m., Local Time, on the
requested date of such Swingline Loan.

          (c) A Swingline Lender may by written notice given to the Applicable Agent not later than
1:00 p.m., Local Time, on any Business Day require the Lenders under a Tranche to acquire
participations on such Business Day in all or a portion of the Swingline Loans outstanding under
such Tranche; provided, that no US Tranche Term Loan Lender (in its capacity as such) shall
be required to participate in any Swingline Loans. Such notice shall specify the aggregate amount
of Swingline Loans in which such Lenders will participate. Promptly upon receipt of such notice,
the Applicable Agent will give notice thereof to each applicable Lender, specifying in such notice
such Lender’s Tranche Percentage of such Swingline Loan or Loans. Each Lender hereby absolutely
and unconditionally agrees, upon receipt of notice as provided above, to pay to the Applicable
Agent, for the account of the applicable Swingline Lender, such Lender’s Tranche Percentage of such
Swingline Loan or Loans. Each 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 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 Lenders), and the

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Applicable Agent shall promptly pay to the applicable Swingline Lender the amounts so received
by it from the Lenders. The Applicable Agent shall notify the applicable 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 Applicable Agent and not to such Swingline
Lender. Any amounts received by a Swingline Lender from the applicable Borrower (or other party on
behalf of the applicable Borrower) in respect of a Swingline Loan after receipt by such Swingline
Lender of the proceeds of a sale of participations therein shall be promptly remitted to the
Applicable Agent; any such amounts received by such Agent shall be promptly remitted by such Agent
to the Lenders that shall have made their payments pursuant to this paragraph and to such Swingline
Lender, as their interests may appear; provided that any such payment so remitted shall be
repaid to such Swingline Lender or to such Applicable Agent, as applicable, if and to the extent
such payment is required to be refunded to the applicable Borrower for any reason. The purchase of
participations in a Swingline Loan pursuant to this paragraph shall not relieve the applicable
Borrower of any default in the payment thereof.

          SECTION 2.05. Letters of Credit. (a) General; Existing Letters of Credit.
Subject to the terms and conditions set forth herein, the Company may request the issuance, for its
own account and for the benefit of the Company or any Subsidiary of the Company, as applicable, of
Letters of Credit denominated in US Dollars, in a form reasonably acceptable to the Administrative
Agent and the Issuing Bank, at any time and from time to time during the 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 Company
to, or entered into by the Company with the Issuing Bank relating to any Letter of Credit, the
terms and conditions of this Agreement shall control. Schedule 2.05 sets forth a list of
existing letters of credit outstanding as of the Effective Date (the “Existing Letters of
Credit”) issued by the Issuing Bank for the account of the Company or a Subsidiary thereof. On
and after the Effective Date, the Existing Letters of Credit shall constitute Letters of Credit
deemed to have been issued under this Agreement.

          (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 Company shall hand deliver or telecopy (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, 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 Company 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 Company shall be deemed to represent and warrant that),
after giving effect to such issuance, amendment, renewal or extension (i) the US Tranche Revolving
Exposure shall not exceed the total US Tranche Revolving Commitments and (ii) the aggregate face
amount of all outstanding Letters of Credit shall not exceed $25,000,000.

39

 

          (c) Expiration Date. Each Letter of Credit shall expire at or prior to the close of
business on the earlier of (i) the date 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 Maturity Date.

          (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 US Tranche Revolving Lenders, the Issuing Bank hereby grants to each US Tranche
Revolving Lender, and each such US Tranche Revolving Lender hereby acquires from the Issuing Bank,
a participation in such Letter of Credit equal to such Lender’s US Tranche Revolving Percentage of
the aggregate amount available to be drawn under such Letter of Credit. In consideration and in
furtherance of the foregoing, each US Tranche Revolving Lender hereby absolutely and
unconditionally agrees to pay to the Administrative Agent, for the account of the Issuing Bank,
such US Tranche Revolving Lender’s US Tranche Revolving Percentage of each LC Disbursement made by
the Issuing Bank and not reimbursed by the Company on the date due as provided in paragraph
(e) of this Section, or of any reimbursement payment required to be refunded to the Company for
any reason. Each US Tranche 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.

          (e) Reimbursement. If the Issuing Bank shall make any LC Disbursement in respect of
a Letter of Credit, the Company 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 next Business Day following the date that such LC Disbursement is made;
provided that the Company may, subject to the conditions to borrowing set forth herein,
request in accordance with Section 2.03 or 2.04 that such payment be financed with
an ABR US Tranche Revolving Borrowing or US Tranche Swingline Loan in an equivalent amount and, to
the extent so financed, the Company’s obligation to make such payment shall be discharged and
replaced by the resulting ABR US Tranche Revolving Borrowing or US Tranche Swingline Loan, as the
case may be. If the Company fails to make such payment when due, then the Administrative Agent
shall notify each US Tranche Revolving Lender of the applicable LC Disbursement, the payment then
due from the Company in respect thereof and such US Tranche Revolving Lender’s US Tranche Revolving
Percentage thereof. Promptly following receipt of such notice, each US Tranche Revolving Lender
shall pay to the Administrative Agent its US Tranche Revolving Percentage of the payment then due
from the Company 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 Lenders), and the Administrative Agent shall promptly pay to the Issuing
Bank in US Dollars the amounts so received by it from such Lenders. Promptly following receipt by
the Administrative Agent of any payment from the Company pursuant to this paragraph, the
Administrative Agent shall distribute such payment to the Issuing Bank or, to the extent that US
Tranche 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 US Tranche Revolving Lender

40

 

pursuant to this paragraph to reimburse the Issuing Bank for any LC Disbursement (other than
the funding of ABR US Tranche Revolving Loans or US Tranche Swingline Loans, as contemplated above)
shall not constitute a Loan and shall not relieve the Company of its obligation to reimburse such
LC Disbursement.

          (f) Obligations Absolute. The Company’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 Company’s obligations hereunder. Neither the Agents, the Lenders nor the Issuing Bank, nor 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 or
other communication under or relating to any Letter of Credit (including any document required to
make a drawing thereunder), any error in interpretation of technical terms or any consequence
arising from causes beyond the control of the Issuing Bank; provided that the foregoing
shall not be construed to excuse the Issuing Bank from liability to the Company to the extent of
any direct damages (as opposed to consequential damages, claims in respect of which are hereby
waived by the Company to the extent permitted by applicable law) suffered by the Company 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 willful 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.

          (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 Company 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 Company of its obligation to reimburse

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the Issuing Bank and the US Tranche Revolving Lenders with respect to any such LC
Disbursement.

          (h) Interim Interest. If the Issuing Bank shall make any LC Disbursement, then,
unless the Company 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 Company reimburses such LC Disbursement,
at the rate per annum then applicable to ABR US Tranche Revolving Loans; provided that, if
the Company 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 US Tranche 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 an Issuing Bank. The Issuing Bank may be replaced at any time by
written agreement among the Company, the Administrative Agent, the replaced Issuing Bank and the
successor Issuing Bank. The Administrative Agent shall notify the Lenders of any such replacement
of the Issuing Bank. At the time any such replacement shall become effective, the Company shall
pay all unpaid fees accrued for the account of the replaced Issuing Bank pursuant to Section
2.12(b). 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 by it thereafter and (ii) references herein to the
“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 Company receives notice from the Administrative Agent or the Required
Lenders demanding the deposit of cash collateral pursuant to this paragraph, the Company shall
deposit in an account with the Administrative Agent, in the name of the Administrative Agent and
for the benefit of the Lenders, an amount in US Dollars 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 Company described in clause (h) or (i) under
Article VII. The Company also shall deposit cash collateral pursuant to this paragraph as
and to the extent required by Section 2.11(d). Such deposit shall be held by the
Administrative Agent as collateral for the payment and performance of the Secured Obligations. 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 Company’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

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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 Company for the LC Exposure at such
time or, if the maturity of the Loans has been accelerated (but subject to the consent of Required
Lenders), be applied to satisfy other Secured Obligations. If the Company 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 Company within three
Business Days after all Events of Default have been cured or waived.

          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
in the applicable currency by 12:00 noon, Local Time, to the account of the Applicable Agent most
recently designated for such purpose for Loans of such Class and currency by notice to the
applicable Lenders; provided that Swingline Loans shall be made as provided in Section
2.04. The Applicable Agent will make such Loans available to the relevant Borrower by promptly
crediting the amounts so received, in like funds, (A) to an account of such Borrower maintained by
the Applicable Agent (i) in New York City, in the case of US Tranche Loans denominated in US
Dollars and made to the Company, (ii) in London or Frankfurt in the case of Loans under the US
Tranche made to a European Borrower, (iii) in London or Frankfurt in the case of Loans under the
European Tranche made to a European Borrower or (iv) in London or New York City in the case of
Loans in US Dollars under the European Tranche made to the Company or (B) by wire transfer to
another account or accounts specified by such Borrower in the applicable Borrowing Request;
provided that ABR US Tranche Revolving Loans made to finance the reimbursement of an LC
Disbursement as provided in Section 2.05(e) shall be remitted by the Administrative Agent
to the Issuing Bank.

          (b) Unless the Applicable 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 Applicable Agent
such Lender’s share of such Borrowing, the Applicable 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 relevant Borrower a corresponding amount.
In such event, if a Lender has not in fact made its share of the applicable Borrowing available to
the Applicable Agent, then the applicable Lender and such Borrower severally agree to pay to the
Applicable Agent forthwith on demand such corresponding amount with interest thereon, for each day
from and including the date such amount is made available to such Borrower to but excluding the
date of payment to the Applicable Agent, at (i) in the case of such Lender, the rate reasonably
determined by the Applicable Agent to be the cost to it of funding such amount or (ii) in the case
of such Borrower, the interest rate applicable to the subject Loan. If such Lender pays such
amount to the Applicable Agent, then such amount shall constitute such Lender’s Loan included in
such Borrowing.

          SECTION 2.07. Interest Elections. (a) Each Borrowing initially shall be of the
Type specified in the applicable Borrowing Request and, in the case of a Eurocurrency Borrowing,
shall have an initial Interest Period as specified in such Borrowing Request; provided,
that each Borrowing under the US Tranche made on the Effective Date shall initially be an ABR
Borrowing. Thereafter, the relevant Borrower may elect to convert such Borrowing (other than a
Swingline Loan) to a different Type or to continue such Borrowing and, in the case

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of a Eurocurrency Borrowing, may elect Interest Periods therefor, all as provided in this
Section. A 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, a Borrower, or the Company on its behalf,
shall notify the Applicable Agent of such election by telephone by the time that a Borrowing
Request would be required under Section 2.03 if such Borrower were requesting a 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 Applicable Agent of a written Interest Election Request in a form
approved by the Administrative Agent and signed by the relevant Borrower, or the Company on its
behalf. Notwithstanding any contrary provision herein, this Section shall not be construed to
permit any Borrower to (i) change the currency of any Borrowing, (ii) elect an Interest Period for
Eurocurrency Loans that does not comply with Section 2.02(d) or (iii) convert any Borrowing
to a Borrowing of a Type not available under the Class of Commitments pursuant to which such
Borrowing was made.

          (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) the Type of the resulting Borrowing; and

     (iv) if the resulting Borrowing is a Eurocurrency 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 Eurocurrency Borrowing but does not specify an
Interest Period, then the applicable 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 Applicable Agent shall
advise each Lender holding a Loan to which such request relates of the details thereof and of such
Lender’s portion of each resulting Borrowing.

          (e) If the relevant Borrower fails to deliver a timely Interest Election Request with respect
to a Eurocurrency Borrowing prior to the end of the Interest Period applicable thereto, then,
unless such Borrowing is repaid as provided herein, at the end of such Interest

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Period, such Borrowing shall (i) in the case of a Eurocurrency Borrowing denominated in US
Dollars and made to the Company under the US Tranche, be converted to an ABR Borrowing, and (ii) in
the case of any other Eurocurrency Borrowing, be continued as a Eurocurrency Borrowing with an
Interest Period of one month’s duration. 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 Company, then, so long as an Event of Default is continuing (i)
no outstanding Borrowing borrowed by the Company may be converted to or continued at the end of the
then current Interest Period as a Eurocurrency Borrowing and (ii) unless repaid, each Eurocurrency
Borrowing shall (A) in the case of such a Borrowing by the Company in US Dollars under the US
Tranche, be converted into an ABR Borrowing at the end of the Interest Period applicable thereto,
and (B) in the case of any other Eurocurrency Borrowing, be continued as a Eurocurrency Borrowing
with an Interest Period of one month’s duration.

          SECTION 2.08. Termination and Reduction of Commitments. (a) Unless previously
terminated, (i) the US Tranche Revolving Commitments and the European Tranche Commitments shall
terminate on the Maturity Date and (ii) the US Tranche Term Loan Commitments shall terminate at
5:00 p.m., New York City time, on the Effective Date.

          (b) The Company may at any time terminate, or from time to time reduce, the Revolving
Commitments of the US Tranche or the European Tranche; provided that (i) each reduction of
the Commitments of the applicable Tranche shall be in an amount that is an integral multiple of the
Borrowing Multiple for a Borrowing denominated in US Dollars and not less than the Borrowing
Minimum for a Borrowing denominated in US Dollars, (ii) the Company shall not terminate or reduce
the US Tranche Revolving Commitments if, after giving effect to any concurrent prepayment of the US
Tranche Revolving Loans in accordance with Section 2.11, the aggregate US Tranche Revolving
Exposures would exceed the aggregate US Tranche Revolving Commitments, and (iii) the Company shall
not terminate or reduce the European Tranche Commitments if, after giving effect to any concurrent
prepayment of the European Tranche Revolving Loans in accordance with Section 2.11, the
aggregate European Tranche Exposures would exceed the aggregate European Tranche Commitments.

          (c) The Company shall notify the Administrative Agent of any election to terminate or reduce
the Commitments of any Class under paragraph (b) of this Section at least three Business
Days prior to the effective date of such termination or reduction, specifying the effective date of
such election. Each notice delivered by the Company pursuant to this Section shall be irrevocable;
provided that a notice of termination of the Commitments delivered by the Company may state
that such notice is conditioned upon the effectiveness of other credit facilities, in which case
such notice may be revoked by the Company (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 applicable Lenders in accordance with their respective Commitments of
such Class.

          SECTION 2.09. Increase in Commitments.

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          (a) Anything in this Agreement to the contrary notwithstanding, at any time and from time to
time prior to the Maturity Date, the Company may, by written notice to the Administrative Agent
(which the Administrative Agent shall promptly furnish to each Lender in the applicable Tranche),
request that one or more Persons (which may include any Lender, as provided below) offer to
increase their Commitments under any Tranche (if they are Lenders) or to make additional
Commitments under any Tranche (if they are not already Lenders) (such increased and/or additional
Commitments being, in the case of any Tranche, a “Tranche Increase”) under this
paragraph (a), it being understood that if such offer is to be made by a Person that is not
already a Lender, the Administrative Agent shall have consented to such Person being a Lender
hereunder to the extent such consent would be required pursuant to Section 11.04(b) in the
event of an assignment to such Person (such consent not to be unreasonably withheld). The minimum
aggregate amount of any Tranche Increase shall be $10,000,000 in the case of the US Tranche and
$5,000,000 in the case of the European Tranche. In no event shall the aggregate amount of all
Tranche Increases pursuant to this paragraph (a) exceed $37,500,000. No more than two
Tranche Increases shall be made during the term of this Agreement. The Company may arrange for one
or more banks or other financial institutions, which may include any Lender, to extend applicable
Commitments or increase their existing applicable Commitments in an aggregate amount equal to the
amount of the Tranche Increase. In the event that one or more of such Persons offer to increase or
enter into such Commitments, and such Persons, the Company, any other applicable Borrower and the
Administrative Agent agree as to the amount of such Commitments to be allocated to the respective
Persons making such offers and the fees (if any) to be payable by the Company in connection
therewith, the Company, any other applicable Borrower, such Persons, the Administrative Agent and
any other Applicable Agent shall execute and deliver an appropriate amendment to this Agreement (or
other appropriate documentation reasonably acceptable to the Administrative Agent and the Company
to effectuate the Tranche Increase), which amendment or other documentation shall specify, among
other things, the procedures for reallocating any outstanding Revolving Credit Exposure under the
Tranche that is subject to the Tranche Increase effected by such amendment or other documentation
and the Company shall deliver such authorization documentation and opinions of counsel as the
Administrative Agent shall reasonably request; provided, that no consent of any Lender not
participating in such Tranche Increase shall be required. Notwithstanding anything to the contrary
set forth herein, the Agents shall have at least 15 Business Days, but no more than 20 Business
Days, prior to the proposed effective date for such Tranche Increase to obtain administrative
details from Lenders increasing their Commitments or Persons becoming new Lenders hereunder and to
otherwise administer such Tranche Increase, including processing Borrowing Requests and determining
whether breakage amounts, if any, will be required to be paid by the Borrowers. No such increase
shall be effective until such administration period has expired.

          (b) Notwithstanding the foregoing, no increase in the Commitments (or in the Commitment of
any Lender) or addition of a new Lender shall become effective under this Section if any Default or
Event of Default has occurred and is continuing prior to the effectiveness of any such increase or
would arise after giving effect thereto.

          SECTION 2.10. Repayment of Loans; Evidence of Debt. (a) (i) Each Borrower hereby
unconditionally promises to pay to the Applicable Agent for the accounts of the applicable Lenders
the then unpaid principal amount of each Borrowing of such Borrower no

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later than the Maturity Date; (ii) the Company hereby unconditionally promises to pay to each
US Tranche Swingline Lender the then unpaid principal amount of each US Tranche Swingline Loan made
by the US Tranche Swingline Lender on the earlier of the Maturity Date and the first date after
such US Tranche Swingline Loan is made that is the 15th or last day of a calendar month
and is at least five Business Days after such US Tranche Swingline Loan is made, provided
that on each date that a US Tranche Revolving Borrowing is made, the Company shall repay all US
Tranche Swingline Loans then outstanding and (iii) each European Borrower unconditionally promises
to pay to the European Tranche Swingline Lender the then unpaid principal amount of each European
Tranche Swingline Loan to such European Borrower on the last day of the Interest Period applicable
thereto; provided, that so long as the conditions for a Borrowing have been satisfied, a
Borrower may use Revolving Borrowing proceeds to repay a Swingline Loan. Each Borrower agrees to
repay the principal amount of each Loan made to such Borrower and the accrued interest thereon in
the currency of such Loan.

          (b) Subject to adjustment as described below and the full repayment thereof on the Maturity
Date, the Company shall repay the US Tranche Term Loans in (i) nineteen (19) consecutive equal
quarterly installments of $3,750,000, payable on the last Business Day of each fiscal quarter of
the Company, commencing December 29, 2006 and (ii) a final installment equal to the remaining
aggregate outstanding balance of the US Tranche Term Loans payable on the Maturity Date.
Prepayment of a US Tranche Term Loan Borrowing shall be applied to reduce the scheduled repayments
of the US Tranche Term Loan Borrowings to be made pursuant to this Section on a pro rata basis.
Each repayment of a US Tranche Term Loan Borrowing shall be applied ratably to the Loans included
in the repaid Borrowing. Repayments of US Tranche Term Loan Borrowings shall be accompanied by
accrued interest on the amount repaid.

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

          (d) The Administrative Agent shall maintain accounts in which it shall record (i) the amount
of each Loan made hereunder, the Class, Type and currency 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 each Borrower to each Lender hereunder and (iii) the amount of any sum received by
any Agent hereunder for the accounts of the Lenders and each Lender’s share thereof.

          (e) The entries made in the accounts maintained pursuant to paragraph (c) or
(d) of this Section shall be prima facie evidence of the existence and
amounts of the obligations recorded therein (absent manifest error); 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 any Borrower to repay the Loans in accordance with
the terms of this Agreement.

          (f) Any US Tranche Lender may request through the Administrative Agent that Loans made by it
under the US Tranche to any Borrower be evidenced by a promissory note. In such event, the
relevant Borrower shall prepare, execute and deliver to such US Tranche Lender

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a promissory note payable to the order of such US Tranche Lender (or, if requested by such US
Tranche Lender, to such US Tranche Lender and its registered assigns) and in a form approved by the
Administrative Agent. Thereafter, the Loans evidenced by such promissory note and interest thereon
shall at all times (including after assignment pursuant to Section 11.04) be represented by
one or more promissory notes in such form payable to the order of the payee named therein (or, if
such promissory note is a registered note, to such payee and its registered assigns). Loans made
under the European Tranche shall be evidenced solely as described in paragraphs (c) and
(d) of this Section, and no promissory notes shall be issued by any Borrower in respect of
any such Loans.

          SECTION 2.11. Prepayment of Loans. (a) Any Borrower shall have the right at any
time and from time to time to prepay any Borrowing in whole or in part, subject to prior notice in
accordance with paragraph (f) of this Section.

          (b) In the event and on each occasion that any Net Proceeds are received by or on behalf of
the Company or any of its Subsidiaries in respect of any Prepayment Event, the Company shall,
promptly (and in any event within three Business Days) after such Net Proceeds are received, prepay
the US Tranche Term Loans as set forth in Section 2.11(c) below in an aggregate amount
equal to (x) in the case of a prepayment event described in clause (c) of the definition of
the term “Prepayment Event”, 50% of such Net Proceeds and (y) in the case of all other Prepayment
Events, 100% of such Net Proceeds, provided that, in the case of any event described in clause
(a) or (b) of the definition of the term “Prepayment Event”, if the Company shall
deliver to the Administrative Agent a certificate of a Financial Officer to the effect that the
Company or its relevant Subsidiaries intend 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 (or replace or rebuild) real property, equipment or other assets (excluding inventory in
the ordinary course of business) to be used in the business of the Company and/or its 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 specified in such certificate;
provided, further, that to the extent of any such Net Proceeds therefrom have not
been so applied by the end of such 180 day period, a prepayment shall be required at such time in
an amount equal to such Net Proceeds that have not been so applied.

          (c) All such amounts prepaid pursuant to Section 2.11(b) shall be applied to prepay
the US Tranche Term Loans (to be applied to installments of the US Tranche Term Loans on a pro rata
basis).

          (d) In the event and on such occasion that (i) the sum of the US Tranche Revolving Exposures
exceeds the total US Tranche Revolving Commitments, or (ii) the sum of the European Tranche
Exposures exceeds the total European Tranche Commitments, the Borrowers under the applicable
Tranche shall prepay Revolving Borrowings or Swingline Borrowings (or, if no such Borrowings are
outstanding under the US Tranche, deposit cash collateral in an account with the Administrative
Agent pursuant to Section 2.05(j)), in an aggregate amount equal to such excess;
provided that if such excess arises solely as a result of currency rate fluctuations and
such excess under any Tranche is not greater than 5% of the total Commitments under such Tranche,
such prepayment or deposit, as the case may be, shall not be required.

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          (e) Prior to any optional or mandatory prepayment of Borrowings hereunder, the applicable
Borrower shall select the Borrowing or Borrowings to be prepaid and shall specify such selection in
the notice of such prepayment pursuant to paragraph (f) of this Section.

          (f) The applicable Borrower, or the Company on behalf of the applicable Borrower, shall
notify the Applicable Agent (and, in the case of prepayment of a Swingline Loan, the applicable
Swingline Lender) by telephone confirmed by telecopy) of any prepayment of a Borrowing hereunder
(i) in the case of a Eurocurrency Borrowing, not later than 12:00 noon, Local Time, three Business
Days before the date of such prepayment, and (ii) in the case of an ABR Borrowing or a Swingline
Loan, not later than 12:00 noon, Local Time, on the date of such prepayment. Each such notice
shall be irrevocable and shall specify the prepayment date and the principal amount of each
Borrowing or portion thereof to be prepaid; provided that, if a notice of optional
prepayment is given in connection with a conditional notice of termination of the Commitments as
contemplated by Section 2.08(c), then such notice of prepayment may be revoked if such
notice of termination is revoked in accordance with Section 2.08(c). Promptly following
receipt of any such notice, the Applicable Agent shall advise the applicable Lenders of the
contents thereof. Each partial prepayment of any Borrowing shall be in an amount that would be
permitted in the case of an advance of a Borrowing of the same Type as provided in Section
2.02. Each prepayment of a Borrowing shall be applied ratably to the Loans included in the
prepaid Borrowing. Prepayments shall be accompanied by (i) accrued interest to the extent required
by Section 2.13 and (ii) break funding payments pursuant to Section 2.16.
Prepayments of US Tranche Term Loans shall be subject to the requirements of Section
2.10(b).

          SECTION 2.12. Fees. (a) The Company agrees to pay to the Administrative Agent,
for the account of each US Tranche Revolving Lender, a commitment fee which shall accrue at the
Applicable Rate on the daily unused portion of the US Tranche Revolving Commitment of such US
Tranche Revolving Lender during the period from and including the Effective Date to but excluding
the date on which such US Tranche Revolving Commitment terminates. The European Borrowers agree to
pay to the European Agent for the account of each European Tranche Lender a commitment fee, which
shall accrue at the Applicable Rate on the daily unused portion of the European Tranche Commitment
of such European Tranche Lender during the period from and including the Effective Date to but
excluding the date on which such European Tranche Commitment terminates. The Company shall pay any
commitment fee described hereunder that is not paid by any other Borrower when due. Any payment
required to be made pursuant to this paragraph (a) by the Company to the European Agent
shall be made to the Administrative Agent, as a sub-agent for the European Agent, as applicable, in
New York, New York for the account of the applicable Lenders. 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 Commitments terminate, commencing on the first such date to occur after the date
hereof.

          (b) The Company agrees to pay (i) to the Administrative Agent for the account of each US
Tranche Revolving Lender a participation fee with respect to its participations in Letters of
Credit, which shall accrue at the same Applicable Rate used to determine the interest rate
applicable to Eurocurrency Revolving Loans on the average daily amount of such Lender’s LC Exposure
(excluding any portion thereof attributable to unreimbursed LC Disbursements) during the period
from and including the Effective Date to but excluding the later of the date on which

49

 

such Lender’s US Tranche 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 fee shall accrue
at the rate of 0.125% per annum on the average daily amount of the LC Exposure (excluding any
portion thereof attributable to unreimbursed LC Disbursements) with respect to Letters of Credit
issued by the Issuing Bank, during the period from and including the Effective Date to but
excluding the later of the date of termination of the US Tranche Revolving Commitments and the date
on which there ceases to be any LC Exposure, as well as the Issuing Bank’s 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 US Tranche Revolving
Commitments terminate and any such fees accruing after the date on which the US Tranche 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 (accompanied by reasonable
back-up documentation therefor). 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 Company 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 Company and the Administrative
Agent. The Company and the Borrowers jointly and severally agree to pay to the European Agent, for
its own account, fees payable in the amounts and at the times separately agreed upon between the
Company and the European Agent.

          (d) All fees payable hereunder shall be paid on the dates due, in immediately available
funds, to the Applicable 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. Fees paid
shall not be refundable under any circumstances.

          SECTION 2.13. Interest. (a) The Loans comprising each ABR Borrowing (other than
each Swingline Loan) shall bear interest at a rate per annum equal to the Alternate Base Rate plus
the Applicable Rate. US Tranche Swingline Loans shall bear interest at a rate per annum equal to
the US Swingline Rate. European Tranche Swingline Loans shall bear interest at a rate per annum
equal to the European Tranche Swingline Rate plus the Applicable Rate for Eurocurrency
Revolving Loans plus the Mandatory Cost.

          (b) The Loans comprising each Eurocurrency Borrowing by the Company under the US Tranche
shall bear interest at the Applicable Interbank Rate for the Interest Period in effect for such
Borrowing plus the Applicable Rate. The Loans comprising each Eurocurrency Borrowing by a
European Borrower under the US Tranche or by the Company or a European Borrower under the European
Tranche shall bear interest at the Applicable Interbank Rate for the Interest Period then in effect
for such Borrowing plus the Applicable Rate plus the Mandatory Cost.

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          (c) Notwithstanding the foregoing, if any principal of or interest on any Loan or any fee or
other amount payable by any 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% 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 overdue amount, 2% plus the rate applicable to ABR 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 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 Availability Period), accrued interest on the principal amount repaid or
prepaid shall be payable on the date of such repayment or prepayment and (iii) in the event of any
conversion of any Eurocurrency Revolving 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) Subject to Section 2.13(f), 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 and interest accruing upon
Obligations denominated in Sterling 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 and the
Applicable Interbank Rate shall be determined by the Applicable Agent, and such determination shall
be conclusive absent manifest error.

          (f) The principle of deemed reinvestment of interest shall not apply to any interest
calculation under this Agreement. The rates of interest stipulated in this Agreement are intended
to be nominal rates and not effective rates or yields.

          (g) Notwithstanding any other provision of this Agreement, if and to the extent that the laws
of Germany, the United Kingdom or any other jurisdiction in which a Borrower is organized or from
which Loans are made are applicable to interest payable under this Agreement, no interest on the
credit advanced will be payable in excess of that permitted by such laws.

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

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

          (b) the Applicable Agent is advised by a majority in interest of the Lenders that
would participate in such Borrowing that the Applicable Interbank Rate for such Interest
Period will not adequately and fairly reflect the cost to such Lenders

51

 

of making or maintaining their Loans included in such Borrowing for such Interest
Period;

then the Applicable Agent shall give notice thereof to the applicable Borrower and the applicable
Lenders by telephone or telecopy as promptly as practicable thereafter and, until the Applicable
Agent notifies the applicable Borrower and the applicable 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 Eurocurrency Borrowing in such currency
shall be ineffective, and such Borrowing shall be converted to or continued on the last day of the
Interest Period applicable thereto (A) if such Borrowing is a Eurocurrency Borrowing by the Company
under the US Tranche, as an ABR Borrowing, or (B) if such Borrowing is a Eurocurrency Borrowing by
the Company or a European Borrower under the European Tranche, or a Borrowing by a European
Borrower under the US Tranche, as a Borrowing bearing interest at such rate as the European Agent
shall determine, after consultation with the Lenders, adequately reflects the costs to the
applicable Lenders of making or maintaining their Loans, and (ii) if any Borrowing Request requests
a Eurocurrency Borrowing in such currency, unless the applicable Borrower notifies the Applicable
Agent in writing prior to the date on which such Borrowing is requested to be made that it wishes
to revoke such Borrowing Request, (A) if such Borrowing is a Eurocurrency Borrowing by the Company
under the US Tranche, such Borrowing shall be made as an ABR Borrowing, and (B) if such Borrowing
is a Eurocurrency Borrowing by the Company or a European Borrower under the European Tranche, or a
Borrowing by a European Borrower under the US Tranche, such Borrowing shall be made as a Borrowing
bearing interest at such rate as the European Agent shall determine adequately reflects the costs
to the applicable Lenders of making or maintaining their Loans, plus the Applicable Rate
for Eurocurrency Loans plus the Mandatory Cost.

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

     (i) impose, modify or deem applicable any reserve, special deposit 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 Applicable Interbank Rate)
or Issuing Bank; or

     (ii) impose on any Lender or Issuing Bank or the Applicable Interbank Markets any
other condition affecting this Agreement or Eurocurrency Loans made by such Lender or any
Letter of Credit or participation therein, including, without limitation, any change under
applicable law or regulation governing the issuance and maintenance of EU Lending Passports;

and the result of any of the foregoing shall be to increase the cost to such Lender of making or
maintaining any Eurocurrency Loan (or of maintaining its obligation to make any such Loan) or to
increase the cost to such Lender or 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
Issuing Bank hereunder (whether of principal, interest or otherwise), then the applicable Borrower
will pay to such Lender or Issuing Bank, as the case may be, such additional amount or amounts as
will compensate such Lender or Issuing Bank, as the case may be, for such additional costs incurred
or reduction suffered.

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          (b) If any Lender or 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
Issuing Bank’s capital or on the capital of such Lender’s or 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 Issuing Bank or such Lender’s or Issuing Bank’s holding company could
have achieved but for such Change in Law (taking into consideration such Lender’s or Issuing Bank’s
policies and the policies of such Lender’s or Issuing Bank’s holding company with respect to
capital adequacy), then from time to time the applicable Borrower will pay to such Lender or
Issuing Bank, as the case may be, such additional amount or amounts as will compensate such Lender
or Issuing Bank or such Lender’s or Issuing Bank’s holding company for any such reduction suffered.

          (c) A certificate of a Lender or Issuing Bank setting forth the amount or amounts necessary
to compensate such Lender or 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 Company and shall
be conclusive absent manifest error. The Company shall pay or cause the other Borrowers to pay
such Lender or 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 Issuing Bank to demand compensation
pursuant to this Section shall not constitute a waiver of such Lender’s or Issuing Bank’s right to
demand such compensation; provided that the Company and the other Borrowers shall not be
required to compensate a Lender or Issuing Bank pursuant to this Section for any increased costs or
reductions incurred more than 180 days prior to the date that such Lender or Issuing Bank, as the
case may be, notifies the Company of the Change in Law giving rise to such increased costs or
reductions and of such Lender’s or 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 180-day period referred to above shall be extended to include
the period of retroactive effect thereof.

This Section 2.15 shall not apply to increased costs relating to Taxes, which shall be
governed exclusively by Section 2.17.

          SECTION 2.16. Break Funding Payments. In the event of (a) the payment of any
principal of any Eurocurrency 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 Eurocurrency Loan
to a Loan of a different Type or Interest Period other than on the last day of the Interest Period
applicable thereto, (c) the failure to borrow, convert, continue or prepay any Loan on the date
specified in any notice delivered pursuant hereto (regardless of whether such notice may be revoked
under Section 2.11(f) and is revoked in accordance therewith), or (d) the assignment or
deemed assignment of any Eurocurrency Loan other than on the last day of the Interest Period
applicable thereto as a result of a request by the Company pursuant to Section 2.21 or the
CAM Exchange, then, in any such event, the applicable Borrower shall compensate each Lender for the
loss, cost and expense attributable to such event. In the case of a Eurocurrency 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 that would have accrued on the principal

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amount of such Loan had such event not occurred, at the Applicable Interbank 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 that would accrue on such principal amount for such period at the interest rate
such Lender would bid were it to bid, at the commencement of such period, for deposits in the
applicable currency of a comparable amount and period from other banks in the Applicable Interbank
Market. A certificate of any Lender setting forth any amount or amounts that such Lender is
entitled to receive pursuant to this Section, and setting forth in reasonable detail the
calculations used by such Lender to determine such amount or amounts, shall be delivered to the
applicable Borrower and shall be conclusive absent manifest error. The applicable Borrower shall
pay such Lender the amount shown as due on any such certificate within 10 days after receipt
thereof; provided that the Company and the other Borrowers shall not be required to
compensate a Lender pursuant to this Section for any amounts under this Section 2.16
incurred more than 180 days prior to the date that such Lender notifies the Company of such amount
and of such Lender’s intention to claim compensation therefor.

          SECTION 2.17. Taxes.

          (a) Any and all payments by or on account of any obligation of each Borrower hereunder
shall be made free and clear of and without deduction for any Indemnified Taxes or Other Taxes;
provided that if any 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 Applicable Agent, the applicable Lender or the 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)
such Borrower shall make such deductions and (iii) such Borrower shall pay the full amount deducted
to the relevant Governmental Authority in accordance with applicable law.

          (b) In addition, each Borrower shall pay any Other Taxes related to such Borrower to the
relevant Governmental Authority in accordance with applicable law.

          (c) The relevant Borrower shall indemnify each Agent, each Lender and the Issuing Bank,
within 10 days after written demand therefor, which demand shall be accompanied by documentation
reasonably satisfactory to establish the nature of the amounts for which demand is being made, and
the fact and amount of the payment thereof, for the full amount of any Indemnified Taxes or Other
Taxes paid by such 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 such Borrower hereunder (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.

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

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Authority evidencing such payment (to the extent available), 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 law of the jurisdiction in which a Borrower under a Tranche in which such Lender
participates is located, or any treaty to which such jurisdiction is a party, with respect to
payments under this Agreement shall deliver to such Borrower (with a copy to the Administrative
Agent), at the time or times prescribed by applicable law and at the time or times reasonably
requested by such Borrower, any such properly completed and executed documentation prescribed by
applicable law and reasonably requested by such Borrower as may permit such payments to be made
without withholding or at a reduced rate of withholding tax.

          (f) (i) Each Lender, on the date it becomes a Lender hereunder, will designate lending
offices for the Loans to be made by it (a “Facility Office”) such that, on such date, it
(directly or through any Borrower) will not be liable for (i) in the case of a US Tranche Lender,
any withholding tax that is imposed by the United States of America, Germany or the United Kingdom
(or any political subdivision thereof) on payments by the Company or a European Borrower from an
office within such jurisdiction or (ii) in the case of a European Tranche Lender, any withholding
tax that is imposed by Germany, the United Kingdom or the United States of America (or any
political subdivision thereof) on payments by a European Borrower or the Company from an office
within such jurisdiction. If any Lender does not comply with this Section 2.17(e) or
(f), the relevant Borrower shall have no obligation to indemnify such Lender, or any
relevant Agent or Issuing Bank for the account of such Lender, under this Section 2.17,
provided, however, that such Borrower shall not be relieved of the foregoing
indemnity obligation if a liability under this Section results solely from the occurrence of the
CAM Exchange.

       (ii) Notwithstanding anything in Section 2.17(f)(i) to the contrary, if a
Lender becomes a European Tranche Lender or a U.S. Tranche Lender solely due to the
occurrence of the CAM Exchange, such Lender shall use commercially reasonable efforts to
designate a Facility Office to acquire Loans pursuant to the CAM Exchange and to receive
payments on such Loans such that payments from the relevant Borrower to such Facility Office
with respect to such Loans shall qualify for the lowest rate of withholding taxes available
to such Lender in respect of payments made by such Borrower to any Facility Office of such
Lender on the date such Lender acquires such Loans. Such Lender shall furnish such
information as is described in Section 2.17(e) to qualify for such lowest rate of
withholding. If such Lender is unable to qualify for a complete exemption from withholding
tax with respect to payments made by such Borrower to such Facility Office with respect to
such Loans, any withholding tax to which such Lender is subject with respect to payments
made by such Borrower to such Facility Office, taking into account such qualification for
such reduced rate of withholding, shall not constitute Excluded Taxes with respect to such
Lender with respect to such Loan.

          (g) In cases in which a Borrower makes a payment under this Agreement to the Administrative
Agent with knowledge that the Administrative Agent is acting as an agent for a foreign person, such
Borrower will not treat such payment as being made to a U.S. person for

55

 

purposes of Treas. Reg. § 1.1441-1(b)(2)(ii) (or a successor provision) without the express
written consent of the Administrative Agent.

          (h) If the Administrative Agent or a Lender receives a refund of any Taxes or Other Taxes as
to which it has been indemnified by a Borrower or with respect to which a Borrower has paid
additional amounts pursuant to this Section 2.17, it shall pay over such refund to such
Borrower (but only to the extent of indemnity payments made, or additional amounts paid, by such
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 or such Lender and
without interest (other than any interest paid by the relevant Governmental Authority with respect
to such refund, and only to the extent that the amount of such refund is both reasonably
identifiable and quantifiable by such Lender without imposing on such Lender an unacceptable
administrative burden); provided, that such Borrower, upon the request of the
Administrative Agent or such Lender, agrees to repay the amount paid over to such Borrower (plus
any penalties, interest or other charges imposed by the relevant Governmental Authority) to the
Administrative Agent or such Lender in the event the Administrative Agent or such Lender is
required to repay such refund to such Governmental Authority. This Section shall not be construed
to require the Administrative Agent or any Lender to make available its tax returns (or any other
information relating to its taxes which it deems confidential) to any Borrower or any other Person.

          SECTION 2.18. German Tax Certificate.

          (a) The German Borrower may request in writing, at its cost and expense (including the
reasonable fees, charges and disbursements of the legal or tax counsel or advisers of the Agents
and the Lenders), once:

     (i) after the execution of this Agreement; and

     (ii) after each amendment of, or other change to, this Agreement or any other
Loan Document (but in the case of this clauses (ii) no more than once in any
calendar year)

a confirmation in English from the Agents and/or the Lenders (the “Tax
Certificate”) substantially in the form of the Decree dated 16 March 2006 (IV B 7 –
S 2742a – 6/06) to Section 8a of the German Corporate Income Tax Act
(Körperschaftssteuergesetz).

          (b) Any such request under clause (a) above shall be submitted by the German Borrower
to the Agents and/or the Lenders with a draft complete Tax Certificate and shall expressly confirm
that the draft Tax Certificate is accurate and that the Agents and the Lenders are released from
any applicable confidentiality obligations and that no liability for the Agents or the Lenders
shall arise out of giving such Tax Certificate.

          (c) The German Borrower shall forward to the Agent and the Lenders (through the
Administrative Agent) such information which may be requested by the Agents and the Lenders to
enable the Agents and/or the Lenders to issue the Tax Certificate.

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          (d) The Tax Certificate shall only include factual and not legal statements (unless otherwise
determined by the relevant Agent or Lender in its absolute discretion) which shall be issued by the
Agents and/or the Lenders according to the Decree dated 16 March 2006 (IV B 7 – S 2742a – 6/06) to
Section 8a of the German Corporate Income Tax Act (Körperschaftssteuergesetz).

          (e) In no event shall any Lender or any Agent be liable to any Borrower or any other party
for any damages, costs, expenses, fines, late payment surcharges, interest, losses, liabilities or
other amounts which are incurred, suffered from or caused by such Tax Certificate or statements
made therein or omission of any statement in such Tax Certificate or any incompleteness or
inaccuracy of such Tax Certificate.

          (f) The German Borrower and the Company hereby agree to indemnify each Agent and each Lender
with respect to any potential claims, damages, costs, expenses, fines, late payment surcharges,
interest, losses, liabilities or other amounts that might be made against such Agent or Lender with
respect to a Tax Certificate issued by it, and the German Borrower and the Company shall be jointly
and severally liable to each Agent and each Lender in respect of such indemnification.

          (g) The Tax Certificate shall not contain any statements that the Agents or the Lenders are
not permitted to issue by law or regulation of the jurisdiction the applicable Agent or Lender is
subject to.

          (h) The German Borrower acknowledges that an Agent or a Lender may only confirm as requested
if and to the extent any relevant Person has released such Agent or Lender from its general
obligation to maintain confidentiality with such relevant Person. For the purposes of this
Section 2.18 only, each Borrower hereby releases each Agent and each Lender from all
confidentiality obligations.

          (i) The Agents and the Lenders agree to issue the Tax Certificate (unless prohibited by law
or regulation of the jurisdiction the applicable Agent or Lender is subject to) within thirty (30)
Business Days after receipt of the relevant written request (accompanied with the duly prepared
draft of the Tax Certificate) from the German Borrower provided that they determine to the best of
their knowledge and belief that the factual information provided by the German Borrower is true,
correct and complete, and in the view of the applicable Agent or Lender (acting in good faith), not
misleading in any way and enables such Agent or Lender to confirm as provided for above.

          (j) Any costs and expenses reasonably incurred by any Agent or any Lender in connection with
the provisions of the Tax Certificate will be for the account of the German Borrower.

          (k) The German Borrower confirms to each Agent and each Lender that:

     (i) the Agents and/or the Lenders issue the respective Tax Certificate
exclusively at the request of the German Borrower and solely for providing
information to the German tax authorities regarding the absence or, if in existence,
the broad nature of any back-to-back-financing pursuant to the Decree

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dated 16 March 2006 (IV B 7 – S 2742a – 6/06) to Section 8a of the German
Corporate Income Tax Act (Körperschaftssteuergesetz) with respect to the Loan
Documents;

     (ii) the Agents and the Lenders are not responsible for examining the tax
position of the German Borrower or any other Loan Party or for achieving any certain
tax treatment of the Germany Borrower or any other Loan Party; and

     (iii) any confirmation given to the German Borrower may not be relied upon by
the German Borrower or any other Borrower save only that it may be delivered to the
competent tax authorities for the reasons given in this Section 2.18 only
and as such, neither the German Borrower or any other Loan Party may raise any
claims against an Agent or a Lender based on, or in connection with, a (correct or
incorrect) Tax Certificate.

          (l) The execution of the Tax Certificate shall only be descriptive by nature and shall not
amend any Loan Document or waive any rights any Agent or any Lender may have thereunder.

          (m) The parties hereto agree that no Agent or Lender is providing any legal, financial and/or
tax advice to any other party hereto with respect to this Agreement, in particular with respect to
the application of Section 8a German Corporate Income Tax Act (Körperschaftssteuergesetz) and the
interpretation of the Decrees listed in this Section 2.18, and that it is the
responsibility of each party hereto, in particular the German Borrower, to make any legal,
financial and/or tax investigation it thinks appropriate to make and to consult its own legal,
financial and tax advisors.

          SECTION 2.19. EU Lending Passport; Local Branch Availability. In order to extend
Loans and other financial accommodations under the European Tranche and remain in compliance with
all applicable laws and regulations (including, without limitation, the laws of Germany and each
other jurisdiction in which a Borrower with availability under the European Tranche is organized),
each Lender with a European Tranche Commitment shall either (x) obtain and hold an EU Lending
Passport for so long as the laws and regulations governing members of the European Union provide
for EU Lending Passports and/or (y) otherwise have the ability to fund a Borrowing and satisfy its
duties and obligations under the European Tranche in a Borrower’s jurisdiction of organization (so
long as such Borrower is entitled to request extensions of credit under the European Tranche),
including, without limitation, having a local branch in any such jurisdiction of organization.
Each Person that becomes a Lender hereunder with a European Tranche Commitment pursuant to the
assignment provisions of Section 11.04 shall certify in its Assignment and Assumption that
it possesses an EU Lending Passport and/or satisfies the requirements of the foregoing clause
(y). In the event EU Lending Passports are no longer available, including, without limitation,
as a result of changes in applicable laws or regulations, or a Lender is prohibited from extending
credit to a Borrower from a previously permitted jurisdiction into a previously permitted
jurisdiction, or if adverse tax consequences result from such Loans or other financial
accommodations remaining outstanding, then no Lender shall be required to make or maintain Loans or
other financial accommodations under the European Tranche in contravention of applicable laws and
regulations or if such adverse tax

58

 

consequences remain outstanding, and the applicable Borrowers shall repay all Obligations
arising in connection therewith as required to prevent any contravention of such laws and
regulations.

          SECTION 2.20. Payments Generally; Pro Rata Treatment; Sharing of Set-offs.

          (a) Each 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, 2.17 or 2.19, 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, Local Time), on the
date when due, in immediately available funds, without set-off or counterclaim. Any amounts
received after such time on any date may, in the discretion of the Applicable 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 Applicable Agent to the applicable account
specified in Schedule 2.20 or, in any such case, to such other account as the Applicable
Agent shall from time to time specify in a notice delivered to the Company, except payments to be
made directly to the Issuing Bank or a Swingline Lender as expressly provided herein and except
that payments pursuant to Sections 2.15, 2.16, 2.17, 2.19 and
11.03 shall be made directly to the Persons entitled thereto and payments pursuant to the
other Loan Documents shall be made to the Persons specified therein. The Applicable 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 hereunder or under any other 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 any Loan Document of
principal or interest in respect of any Loan or LC Disbursement shall be made in the currency of
such Loan or LC Disbursement; and all other payments hereunder or under any other Loan Document
shall be made in US Dollars, except as otherwise expressly provided. Any payment required to be
made by an Agent hereunder shall be deemed to have been made by the time required if such Agent
shall, at or before such time, have taken the necessary steps to make such payment in accordance
with the regulations or operating procedures of the clearing or settlement system used by such
Agent to make such payment.

          (b) Any proceeds of Collateral received by the Administrative Agent (i) not constituting
either (A) a specific payment of principal, interest, fees or other sum payable under the Loan
Documents (which shall be applied as specified by the applicable Borrower) or (B) a mandatory
prepayment (which shall be applied in accordance with Section 2.11) or (ii) after an Event
of Default has occurred and is continuing and the Administrative Agent so elects or Required
Lenders so direct, such funds shall be applied ratably first, to pay any fees, indemnities,
or expense reimbursements including amounts then due to the Agents and the Issuing Bank from the
Borrowers (other than in connection with Swap Agreements), second, to pay any fees or
expense reimbursements then due to the Lenders from the Borrowers (other than in connection with
Swap Agreements), third, to pay interest then due and payable on the Loans ratably,
fourth, pro rata, to prepay principal on the Loans and unreimbursed LC Disbursements (with
amounts applied to the US Tranche Term Loans applied to installments of the US Tranche Term Loans
on a pro rata basis) and the payment of any Secured Obligations owing with respect to Swap

59

 

Agreements, fifth, to pay an amount to the Administrative Agent equal to one hundred
five percent (105%) of the aggregate undrawn face amount of all outstanding Letters of Credit and
the aggregate amount of any unpaid LC Disbursements, to be held as cash collateral for such
Obligations, and sixth, to the payment of any other Secured Obligation due to any Agent or
any Lender by the Loan Parties. Notwithstanding anything to the contrary contained in this
Agreement, unless so directed by the applicable Borrower, or unless a Default is in existence,
neither the Administrative Agent nor any Lender shall apply any payment which it receives to any
Eurodollar Loan of a Class, except (a) on the expiration date of the Interest Period applicable to
any such Eurodollar Loan or (b) in the event, and only to the extent, that there are no outstanding
ABR Loans of the same Class and, in any event, the Borrowers shall pay the break funding payment
required in accordance with Section 2.16. The Administrative Agent and the Lenders shall
have the continuing and exclusive right to apply and reverse and reapply any and all such proceeds
and payments to any portion of the Secured Obligations.

          (c) At the election of the Administrative Agent, all payments of principal, interest, LC
Disbursements, fees, premiums, reimbursable expenses (including, without limitation, all
reimbursement for fees and expenses pursuant to Section 11.03), and other sums payable
under the Loan Documents, may be paid from the proceeds of US Tranche Revolving Borrowings made
hereunder whether made following a request by the Company pursuant to Section 2.03 or a
deemed request as provided in this Section or may be deducted from any deposit account of any
Borrower maintained with an Agent. The Borrowers hereby irrevocably authorize (i) the
Administrative Agent to make a US Tranche Revolving Borrowing for the purpose of paying each
payment of principal, interest and fees as it becomes due hereunder or any other amount due under
the Loan Documents and agrees that all such amounts charged shall constitute US Tranche Revolving
Loans (and that all such Borrowings shall be deemed to have been requested pursuant to Section
2.03) and (ii) the Agents to charge any deposit account of the Borrowers maintained with the
Agents for each payment of principal, interest and fees as it becomes due hereunder or any other
amount due under the Loan Documents.

          (d) 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 Loans, participations in LC
Disbursements or Swingline Loans resulting in such Lender receiving payment of a greater proportion
of the aggregate amount of its Loans, participations in LC Disbursements and Swingline Loans, as
the case may be, 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 Loans, 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 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 any 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, participations
in LC Disbursements and Swingline Loans to any assignee or participant, other than to the Company
or any Subsidiary or Affiliate thereof (as to which the

60

 

provisions of this paragraph shall apply). Each 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 such Borrower rights of
set-off and counterclaim with respect to such participation as fully as if such Lender were a
direct creditor of such Borrower in the amount of such participation.

          (e) Unless the Applicable Agent shall have received notice from the relevant Borrower prior
to the date on which any payment is due for the account of all or certain of the Lenders or the
Issuing Bank hereunder that such Borrower will not make such payment, the Applicable Agent may
assume that such Borrower has made such payment on such date in accordance herewith and may, in
reliance upon such assumption, distribute to the applicable Lenders or the Issuing Bank, as the
case may be, the amount due. In such event, if such Borrower has not in fact made such payment,
then each of the applicable Lenders or the Issuing Bank, as the case may be, severally agrees to
repay to the Applicable Agent forthwith on demand the amount so distributed to such Lender or the
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 Applicable Agent, at a rate
determined by the Applicable Agent in accordance with banking industry practices on interbank
compensation.

          (f) If any Lender shall fail to make any payment required to be made by it to any Agent
pursuant to this Agreement, then the Agents may, in their discretion (notwithstanding any contrary
provision hereof), apply any amounts thereafter received by them for the account of such Lender to
satisfy such Lender’s obligations to the Agents until all such unsatisfied obligations are fully
paid.

          SECTION 2.21. Mitigation Obligations; Replacement of Lenders. (a) If any Lender
requests compensation under Section 2.15, or if any 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 otherwise be disadvantageous
to such Lender. The Company hereby agrees to pay all reasonable costs and expenses incurred by any
Lender in connection with any such designation or assignment.

          (b) If any Lender requests compensation under Section 2.15, or if any 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 if any Lender defaults in its obligation to fund
Loans hereunder, or if any Lender fails to grant a consent in connection with any proposed change,
waiver, discharge or termination of the provisions of this Agreement requiring the consent of each
Lender or each affected Lender as contemplated by Section 11.02 but the consent of the
Required Lenders or (giving effect to this Section 2.21(b)) each other affected Lender,
respectively, is obtained, then the Company may, at its sole expense and effort, upon notice to
such Lender and the Administrative Agent, require such Lender to assign and delegate, without
recourse (in accordance with and subject to the restrictions contained in Section 11.04),

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all its interests, rights and obligations under the Loan Documents to an assignee that shall
assume such obligations (or, in the case of any change, waiver, discharge or termination of the
provisions of this Agreement that requires the consent of Lenders of a particular class or type of
Loans and Commitments, all its interests, rights and obligations under the Loan Documents in
respect of such class or type) (which assignee may be another Lender, if a Lender accepts such
assignment); provided that (i) the Company shall have received the prior written consent of
the Administrative Agent (and if a US Tranche Revolving Commitment or a European Tranche Commitment
is being assigned, the Issuing Bank), 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 Company (in the case of all other amounts) (or, in
the case of any change, waiver, discharge or termination of the provisions of this Agreement that
requires the consent of Lenders of a particular class or type of Loans, payment equal to the
aggregate amount of outstanding Loans of such class or type owed to such replaced Lender (together
with all other amounts owed to such replaced Lender as a holder of such class or type of Loans))
and (iii) 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, the circumstances entitling the Company to require such assignment and
delegation cease to apply.

ARTICLE III

Representations and Warranties

          Each Borrower represents and warrants to the Lenders that:

          SECTION 3.01. Organization; Powers. Each of the Company and its Material
Subsidiaries is duly organized, validly existing and in good standing (to the extent that such
concept is applicable in the relevant jurisdiction) under the laws of the jurisdiction of its
organization, has all requisite power and authority to carry on its business as now conducted and,
except where the failure to do so, individually or in the aggregate, would not reasonably be
expected to result in a Material Adverse Effect, is qualified to do business in, and is in good
standing (to the extent such concept is applicable) in, every jurisdiction where such qualification
is required; provided, that this provision shall not restrict any transaction otherwise
permitted under Section 6.03.

          SECTION 3.02. Authorization; Enforceability. The Transactions are within each Loan
Party’s corporate powers and have been duly authorized by all necessary corporate (or other) and,
if required, stockholder or shareholder action. Each Loan Document has been duly executed and
delivered by each Loan Party party thereto and constitutes a legal, valid and binding obligation of
each such Loan Party, enforceable against such Loan Party in accordance with its terms, subject to
applicable bankruptcy, insolvency, reorganization, moratorium or other

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laws affecting creditors’ rights generally and subject to general principles of equity,
regardless of whether considered in a proceeding in equity or at law.

          SECTION 3.03. Governmental Approvals; No Conflicts. The Transactions (a) do not
require any material consent or approval of, registration or filing with, or any other action by,
any Governmental Authority, except such as have been obtained or made and are in full force and
effect, (b) will not violate in any material respect any applicable law or regulation applicable to
the Company or its Subsidiaries and will not violate the charter, by-laws or other organizational
or constitutional documents of the Company or any of its Subsidiaries or any order of any
Governmental Authority, (c) except as would not reasonably be expected to have a Material Adverse
Effect, will not violate or result in a default under any indenture, agreement or other instrument
binding upon the Company or any of its Subsidiaries or its assets, or give rise to a right
thereunder to require any payment to be made by the Company or any of its Subsidiaries, and (d)
will not result in the creation or imposition of any Lien on any asset of the Company or any of its
Subsidiaries (other than the Lien created by the Collateral Documents).

          SECTION 3.04. Financial Condition; No Material Adverse Change. (a) The Company
has heretofore furnished to the Lenders a consolidated balance sheet and statements of income,
stockholders equity and cash flows for the Company and its Subsidiaries (i) as of and for the
fiscal year ended December 31, 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 June 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 Company
and its consolidated 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 statements
referred to in clause (ii) above.

          (b) Since December 31, 2005, there has been no material adverse change in the business,
assets, property or financial condition of the Company and its Subsidiaries, taken as a whole.

          (c) The Company has heretofore furnished to the Lenders a consolidated balance sheet and
statements of income, stockholders equity and cash flows for Spectrum and its Subsidiaries (i) as
of and for the fiscal year ended December 31, 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
June 30, 2006. Such financial statements present fairly, in all material respects, the financial
position and results of operations and cash flows of Spectrum and its consolidated 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 statements referred to in clause (ii)
above.

          (d) As of the Effective Date, since March 31, 2005, there has not occurred any event, change
or circumstance that has had or would reasonably be expected to have a Spectrum Material Adverse
Effect.

          (e) The Company has heretofore furnished to the Lenders a pro forma capitalization table as
of June 30, 2006, giving effect to the Spectrum Acquisition as if

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consummated on such date, along with pro forma Consolidated EBITDA for the twelve-month period
ended June 30, 2006, giving credit to the consolidated EBITDA of Spectrum for such period. Such
pro forma financial data were prepared in good faith based upon estimates and assumptions the
Company believes to be reasonable as of the Effective Date.

          (f) The Company has heretofore furnished to the Lenders forecasted consolidated balance
sheets and statements of income, stockholders equity and cash flows for the five-year period
beginning on January 1, 2006, in each case prepared on a basis consistent with the financial
statements described in Section 3.04(a) and the estimates and assumptions stated therein,
all of which the Company believes to be reasonable and, as of the Effective Date, reflect the
Company’s good faith and reasonable estimates of the future financial performance of the Company
and its Subsidiaries for such period; provided that (i) such forecasts are subject to
significant uncertainties and contingencies, which may be beyond the Company’s and its
Subsidiaries’ control, (ii) no assurances are given that the results forecasted in any such
projections will be realized and (iii) the actual results may differ from the forecasted results
set forth in such projections and such differences may be material.

          SECTION 3.05. Properties; Insurance. (a) Each of the Company and its Material
Subsidiaries has good title to, or valid leasehold interests in, all its real and personal property
material to its business, except for minor defects in title that do not interfere with its ability
to conduct its business as currently conducted or to utilize such properties for their intended
purposes.

          (b) Each of the Company and its 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 Company and its Subsidiaries does not infringe upon the rights of any other
Person, except for any such infringements that, individually or in the aggregate, would not
reasonably be expected to result in a Material Adverse Effect.

          (c) Each of the Company and its Subsidiaries maintains, with financially sound and reputable
insurance companies, insurance in such amounts and against such risks as are customarily maintained
by companies engaged in the same or similar businesses operating in the same or similar locations;
provided, that each of the Company and its Subsidiaries may self-insure to the same extent
as other companies engaged in similar businesses and owning similar properties in the same general
areas in which the Company or each such Subsidiary, as applicable, operates.

          SECTION 3.06. Litigation, Environmental and Labor Matters. (a) There are no
actions, suits or proceedings by or before any arbitrator or Governmental Authority pending against
or, to the knowledge of the Company, threatened against or affecting the Company or any of its
Subsidiaries (i) as to which there is a reasonable possibility of an adverse determination and
that, if adversely determined, would reasonably be expected, individually or in the aggregate, to
result in a Material Adverse Effect or (ii) that involve this Agreement or the Transactions.

          (b) Except with respect to any matters that, individually or in the aggregate, would not
reasonably be expected to result in a Material Adverse Effect, neither the Company

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nor any of its Subsidiaries (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) There are no labor controversies pending against or, to the knowledge of the Company,
threatened against or affecting the Company or any of its Subsidiaries which would reasonably be
expected, individually or in the aggregate, to result in a Material Adverse Effect.

          SECTION 3.07. Compliance with Laws and Agreements. Each of the Company and its
Subsidiaries is in compliance with all laws, regulations and orders of any Governmental Authority
applicable to it or its property and all indentures, agreements and other instruments binding upon
it or its property, except where the failure to do so, individually or in the aggregate, would not
reasonably be expected to result in a Material Adverse Effect. No Default has occurred and is
continuing.

          SECTION 3.08. Investment Company Status. Neither the Company nor any of its
Subsidiaries 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 Company and its 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) Taxes that are being contested in
good faith by appropriate proceedings and for which the Company or such Subsidiary, as applicable,
has set aside on its books adequate reserves in accordance with GAAP, or (b) to the extent that the
failure to do so would not reasonably be expected to result in a Material Adverse Effect.

          SECTION 3.10. ERISA. No ERISA Event has occurred, and no ERISA Event with respect to
any Plan is reasonably expected to occur, that, when taken together with all other such ERISA
Events for which liability is reasonably expected to occur, would reasonably be expected to result
in a Material Adverse Effect.

          SECTION 3.11. Subsidiaries; Ownership of Capital Stock. As of the Effective Date,
Schedule 3.11 sets forth all of the Company’s Subsidiaries, the jurisdiction of
organization of each of its Subsidiaries and the identity of the holders of all shares or other
interests of each class of Equity Interests of each of its Subsidiaries.

          SECTION 3.12. Solvency. As of the Effective Date, both before and after giving
effect to (a) the Transactions to be consummated on the Effective Date and (b) the payment and
accrual of all fees, costs and expenses in connection therewith, the Company and its Subsidiaries,
on a consolidated basis, are and will be Solvent.

          SECTION 3.13. Disclosure. Neither the Information Memorandum nor any of the other
reports, financial statements, certificates or other written information furnished by or on behalf
of the Company to any Agent, the Issuing Bank or any Lender in connection with the negotiation of
this Agreement or delivered hereunder (as modified or supplemented by other

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information so furnished or publicly available in periodic and other reports, proxy statements
and other materials filed by the Company or any Subsidiary with the Securities and Exchange
Commission), taken as a whole, 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 materially misleading; provided that, with respect to projected
financial information, the Borrowers represent only that such information was prepared in good
faith based upon assumptions believed to be reasonable at the time (it being understood and agreed
that (i) such projected financial information is subject to significant uncertainties and
contingencies, which may be beyond the Company’s and its Subsidiaries’ control, (ii) no assurances
are given that the results forecasted in any such projected financial information will be realized
and (iii) the actual results may differ from the forecasted results set forth in such projected
financial information and such differences may be material).

          SECTION 3.14. Regulation U. Margin stock (as defined in Regulation U) constitutes
less than 25% of the value of those assets of the Company and its Subsidiaries which are subject to
any limitation on sale, pledge, or other restriction hereunder.

          SECTION 3.15. Security Interest in Collateral. The provisions of this Agreement and
the other Loan Documents create legal and valid Liens on all the Collateral in favor of the
Administrative Agent, for the benefit of the Holders of Secured Obligations, and, to the extent
required by the Security Agreements, such Liens constitute perfected and continuing Liens on the
Collateral, securing the Secured Obligations, enforceable against the applicable Loan Party and all
third parties, and having priority over all other Liens on the Collateral except in the case of (a)
Permitted Encumbrances and other Liens permitted under this Agreement and (b) Liens perfected only
by possession (including possession of any certificate of title) to the extent the Administrative
Agent has not obtained or does not maintain possession of such Collateral.

          SECTION 3.16. Material Subsidiaries. As of the Effective Date, on a pro forma basis
after giving effect to the Spectrum Acquisition, the direct and indirect Domestic Subsidiaries of
the Company and direct Foreign Subsidiaries of the Company and the Subsidiary Guarantors set forth
on Schedule 3.16, together with the Company, (i) generated at least 85% of Adjusted
Consolidated EBITDA during the four fiscal quarter period ended June 30, 2006 and (ii) owned assets
(other than Equity Interests in Subsidiaries) representing at least 85% of the consolidated assets
of the Company and its Subsidiaries as of June 30, 2006. Each Compliance Certificate delivered
hereunder designates as Material Subsidiaries direct and indirect Domestic Subsidiaries of the
Company and direct Foreign Subsidiaries of the Company and the Subsidiary Guarantors that, as of
the end of the applicable fiscal quarter (in the case of a Compliance Certificate delivered
pursuant to Section 5.01(c)) or as of the date of the applicable Permitted Acquisition
after giving effect to such acquisition on a pro forma basis (in the case of a Compliance
Certificate delivered in connection with a Permitted Acquisition), (i) generated at least 85% of
Adjusted Consolidated EBITDA during the most recent four fiscal quarter period for which financial
statements have been provided by the Company pursuant to Section 5.01 and (ii) owned assets
(other than Equity Interests in Subsidiaries) representing at least 85% of the consolidated assets
of the Company and its Subsidiaries as of the end of such period.

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ARTICLE IV

Conditions

          SECTION 4.01. Effective Date. This Agreement and 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 11.02):

          (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 reasonably satisfactory to the Administrative Agent (which may include
telecopy 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, in form and substance reasonably
acceptable to it, a fully executed copy of the Subsidiary Guarantee Agreement and each
Collateral Document set forth in Exhibit B hereto.

          (c) The Administrative Agent shall have received a favorable written opinion
(addressed to the Administrative Agent and the Lenders and dated the Effective Date) of
Skadden, Arps, Slate, Meagher & Flom LLP, special New York counsel for the Borrowers, in
form and substance reasonably satisfactory to the Administrative Agent and covering such
matters relating to the Borrowers, this Agreement or the Transactions as the
Administrative Agent shall reasonably request. The Borrowers hereby request such
counsel to deliver such opinion. The Administrative Agent shall also have received
favorable written opinions (addressed to the Administrative Agent and the Lenders and
dated the Effective Date) of Eversheds LLP, special English counsel to the Borrowers,
in form and substance reasonably acceptable to the Administrative Agent and covering
such matters relating to this Agreement as the Administrative Agent shall reasonably
request. The Borrowers hereby request such counsel to deliver such opinions.

          (d) 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 the Borrowers and the Initial Subsidiary
Guarantors, the authorization of the Transactions and any other legal matters relating
to the Borrowers or any Initial Subsidiary Guarantor, this Agreement or the
Transactions, all in form and substance reasonably satisfactory to the Administrative
Agent and its counsel, including all of the agreements, documents and instruments set
forth in Exhibit B hereto.

          (e) The Administrative Agent shall have received (i) a certificate, dated the
Effective Date and signed by a Financial Officer, confirming compliance with the
conditions set forth in paragraphs (a) and (b) of Section 4.02
(after giving effect to the Spectrum Acquisition) and (ii) a certificate, dated the
Effective Date and signed by a Financial Officer, certifying that as of the Effective
Date, both before and

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after giving effect to (a) the Transactions to be consummated on the Effective Date
and (b) the payment and accrual of all fees, costs and expenses in connection therewith,
the Company and its Subsidiaries, on a consolidated basis, are and will be Solvent.

          (f) The Lenders shall have received the financial statements referenced in
Section 3.04(a), (c), (e) and (f).

          (g) The Administrative Agent shall have received, in form and substance reasonably
acceptable to it, a certificate, dated the Effective Date and signed by a Financial
Officer, setting forth reasonably detailed calculations demonstrating that, as of the
Effective Date, the Total Leverage Ratio is equal to or less than 1.75 to 1.00 and the
Fixed Charge Coverage Ratio is equal to or greater than 1.25 to 1.00, which calculations
shall give effect to the Transactions occurring on the Effective Date on a pro forma
basis and shall otherwise be prepared in a manner reasonably acceptable to the
Administrative Agent.

          (h) The Administrative Agent shall have received a true and correct copy of the
Spectrum Acquisition Agreement (as amended through the Effective Date; provided,
that such agreement shall not have been amended in any manner adverse to the
Administrative Agent and the Lenders without the prior written consent of the
Administrative Agent (such consent not to be unreasonably withheld)).

          (i) The Administrative Agent, the Lead Arranger and the Lenders shall have
received all fees and other amounts due and payable on or prior to the Effective Date,
including, to the extent invoiced, reimbursement or payment of all reasonable and
documented out-of-pocket expenses required to be reimbursed or paid by the Borrowers
hereunder.

          (j) The Lenders shall have received all documentation and other information
required by bank regulatory authorities under applicable “know your customer” and
anti-money laundering rules and regulations, including the U.S.A. Patriot Act and (if
applicable) the Money Laundering Regulations 2003 of the United Kingdom (as amended).

          (k) Without in any way limiting any of the foregoing conditions relating to the
Spectrum Acquisition, the Spectrum Acquisition shall be consummated on the Effective
Date concurrently with the funding of the initial Loans hereunder and substantially in
accordance with the Spectrum Acquisition Agreement.

The Administrative Agent shall notify the Borrowers and the Lenders of the Effective Date, and such
notice shall be conclusive and binding.

          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 the satisfaction of the following conditions:

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          (a) The representations and warranties of the Loan Parties set forth in each Loan
Document (except, with respect to the Loans made and Letters of Credit issued on the
Effective Date, the representation and warranty set forth in Section 3.04(b))
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, except to the extent any such representation or warranty is
stated to relate solely to an earlier date, in which case such representation or
warranty shall have been true and correct in all material respects on and as of such
earlier date.

          (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.

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 Borrowers 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 payable hereunder shall have been paid in full and all Letters of Credit
shall have expired or terminated and all LC Disbursements shall have been reimbursed, the Company
covenants and agrees with the Lenders that:

          SECTION 5.01. Financial Statements and Other Information. The Company will furnish
to the Administrative Agent (who shall deliver to each Lender):

          (a) within 90 days after the end of each fiscal year of the Company, its audited
consolidated balance sheet and related statements of operations, stockholders’ equity
and cash flows as of the end of and for such year, setting forth in each case in
comparative form the figures for the previous fiscal year, all reported on by KPMG LLP
or other independent public accountants 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 Company and its consolidated Subsidiaries on a consolidated basis
in accordance with GAAP consistently applied; provided, that the Company shall
be deemed to have delivered the foregoing to the Administrative Agent and the Lenders if
such information has been filed with the Securities and Exchange Commission and is
available on the EDGAR site at www.sec.gov or any successor government site that is
freely and readily available to the Administrative Agent and the Lenders without charge,
or has been made available on the Company’s website www.insight.com, and the delivery
date therefor shall be deemed to be the first day on which such information is available
to the Administrative Agent and the Lenders

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on one of such web pages; provided, further, that the Company will
promptly notify the Administrative Agent (who shall notify the Lenders) of each posting
to such sites upon the occurrence thereof. In order to provide such notices promptly,
the Company agrees that it shall register the Administrative Agent in the appropriate
Company databases necessary to cause such notices to be sent automatically (including,
without limitation, by e-mail to e-mail addresses agreed upon by the Administrative
Agent) on the applicable filing dates;

          (b) within 45 days after the end of each of the first three fiscal quarters of
each fiscal year of the Company, its unaudited consolidated balance sheet and related
unaudited statements of operations, stockholders’ 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 one of its Financial Officers as presenting fairly in all
material respects the financial condition and results of operations of the Company and
its consolidated Subsidiaries on a consolidated basis in accordance with GAAP
consistently applied, subject to normal year-end audit adjustments and the absence of
footnotes; provided, that the Company shall be deemed to have delivered the
foregoing to the Administrative Agent and the Lenders if such information has been filed
with the Securities and Exchange Commission and is available on the EDGAR site at
www.sec.gov or any successor government site that is freely and readily available to the
Administrative Agent and the Lenders without charge, or has been made available on the
Company’s website www.insight.com, and the delivery date therefor shall be deemed to be
the first day on which such information is available to the Administrative Agent and the
Lenders on one of such web pages; provided, further, that the Company
will promptly notify the Administrative Agent (who shall notify the Lenders) of each
posting to such sites upon the occurrence thereof. In order to provide such notices
promptly, the Company agrees that it shall register the Administrative Agent in the
appropriate Company databases necessary to cause such notices to be sent automatically
to the Administrative Agent (including, without limitation, by e-mail to e-mail
addresses agreed upon by the Administrative Agent) on the applicable filing dates;

          (c) concurrently with any delivery of financial statements under clause
(a) or (b) above, a Compliance Certificate (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 demonstrating compliance with Article VI, (iii)
setting forth the Material Subsidiaries as of the end of the applicable fiscal period
and (iv) stating whether any change in GAAP or in the application thereof has occurred
since the date of the 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;

          (d) concurrently with any delivery of financial statements under clause
(a) above, a certificate of the accounting firm that reported on such financial

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statements stating whether they obtained knowledge during the course of their
examination of such financial statements of any Default under Section 6.10
(which certificate may be limited to the extent required by accounting rules or
guidelines);

          (e) within 45 days after the end of each fiscal year of the Company, consolidated
financial projections for the Company and its Subsidiaries for the next three (3) fiscal
years prepared in good faith in accordance with prior practice of the Company;

          (f) promptly after the same become publicly available, copies of all periodic and
other reports, proxy statements and other materials filed by the Company 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 national
securities exchanges, or distributed by the Company or any Subsidiary thereof to its
shareholders generally, as the case may be; provided, that the Company shall be
deemed to have delivered the foregoing to the Administrative Agent and the Lenders if
such information has been filed with the Securities and Exchange Commission and is
available on the EDGAR site at www.sec.gov or any successor government site that is
freely and readily available to the Administrative Agent and the Lenders without charge,
or has been made available on the Company’s website www.insight.com, and the delivery
date therefor shall be deemed to be the first day on which such information is available
to the Administrative Agent and the Lenders on one of such web pages; provided,
further, that the Company will promptly notify the Administrative Agent (who
shall notify the Lenders) of each posting to such sites upon the occurrence thereof. In
order to provide such notices promptly, the Company agrees that it shall register the
Administrative Agent in the appropriate Company databases necessary to cause such
notices to be sent automatically to the Administrative Agent (including, without
limitation, by e-mail to e-mail addresses agreed upon by the Administrative Agent) on
the applicable filing dates;

          (g) promptly following any request therefor, all documentation and other
information required by bank regulatory authorities under applicable “know your
customer” and anti-money laundering rules and regulations, including the U.S.A. Patriot
Act and (if applicable) the Money Laundering Regulations 2003 of the United Kingdom (as
amended); and

          (h) promptly following any request therefor, such other information regarding the
operations, business affairs or financial condition of the Company or any Subsidiary, or
compliance with the terms of this Agreement, as any Agent or any Lender may reasonably
request.

          SECTION 5.02. Notices of Material Events. The Company will furnish to the
Administrative Agent (who shall deliver to each Lender) prompt written notice of the following:

          (a) the occurrence of any Default;

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          (b) the filing or commencement of any action, suit or proceeding by or before any
arbitrator or Governmental Authority against or affecting the Company or any Affiliate
thereof that, if adversely determined, would reasonably be expected to result in a
Material Adverse Effect;

          (c) the occurrence of any ERISA Event that, alone or together with any other ERISA
Events that have occurred, would reasonably be expected to result in liability of the
Company and its Subsidiaries in an aggregate amount exceeding $5,000,000; and

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

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

          SECTION 5.03. Existence; Conduct of Business. The Company will, and will cause each
of its Material Subsidiaries to, do or cause to be done all things necessary to preserve, renew and
keep in full force and effect its legal existence and the rights, licenses, permits, privileges and
franchises material to the conduct of its business, except for such rights, licenses, permits,
privileges and franchises the loss of which, either individually or in the aggregate, would not
reasonably be expected to have a Material Adverse Effect; provided that the foregoing shall
not prohibit any merger, amalgamation, consolidation, liquidation or dissolution or other
transaction permitted under Section 6.03.

          SECTION 5.04. Payment of Obligations. The Company will, and will cause each of its
Subsidiaries to, pay its Tax liabilities, that, if not paid, would result in a Material Adverse
Effect 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 Company or such
Subsidiary has set aside on its books adequate reserves with respect thereto in accordance with
GAAP and (c) the failure to make payment pending such contest would not reasonably be expected to
result in a Material Adverse Effect.

          SECTION 5.05. Maintenance of Properties; Insurance. The Company will, and will cause
each of its Material Subsidiaries to, (a) keep and maintain all property material to the conduct of
its business in good working order and condition (ordinary wear and tear and casualty events
excepted), and (b) maintain, with financially sound and reputable insurance companies, insurance in
such amounts and against such risks as are customarily maintained by companies engaged in the same
or similar businesses operating in the same or similar locations.

          SECTION 5.06. Books and Records; Inspection Rights. The Company will, and will cause
each of its Subsidiaries to, keep proper books of record and account in which full, true and
correct entries in all material respects are made of all dealings and transactions in relation to
its business and activities. The Company will, and will cause each of its Subsidiaries to, permit
any representatives designated by the Administrative Agent, upon reasonable prior notice and

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during reasonable business hours, 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 (provided that in no event shall there be more than one such visit or inspection
per calendar year except during the continuance of an Event of Default). Notwithstanding anything
to the contrary in this Section 5.06, none of the Company or any of its Subsidiaries will
be required to disclose, permit the inspection, examination or making of extracts, or discussion
of, any documents, information or other matter that (i) constitutes non-financial trade secrets or
non-financial proprietary information, (ii) in respect of which disclosure to the Administrative
Agent (or its designated representative) is then prohibited by law or any agreement binding on the
Company or any of its Subsidiaries or (iii) is subject to attorney-client or similar privilege
constitutes attorney work-product. The Administrative Agent shall, upon the request of any Lender,
provide to such Lender the written report, if any, prepared by the Administrative Agent with
respect to any such visit or inspection.

          SECTION 5.07. Compliance with Laws. The Company will, and will cause each of its
Subsidiaries to, comply with all laws, rules, regulations and orders of any Governmental Authority
applicable to it or its property, except where the failure to do so, individually or in the
aggregate, would not reasonably be expected to result in a Material Adverse Effect.

          SECTION 5.08. Use of Proceeds and Letters of Credit. Each Borrower will, and will
cause its Subsidiaries to, use the proceeds of the Loans and the Letters of Credit, as applicable,
for the Spectrum Acquisition (in the case of the Company), for working capital and for general
corporate purposes, including Permitted Acquisitions. 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 5.09. Subsidiary Collateral Documents; Subsidiary Guarantors. The Company
shall execute or shall cause to be executed:

          (a) following the date on which (i) any Person becomes a Material Subsidiary of
the Company pursuant to a Permitted Acquisition or (ii) any Person is initially
designated as a Material Subsidiary in a certificate delivered pursuant to Section
5.01(c), in each case as soon as practicable but in any event within thirty (30)
days (or such longer period as the Administrative Agent shall agree) following such
date, if such Person is a Domestic Subsidiary, (a) a Pledge Agreement (or supplement
thereto) in favor of the Administrative Agent for the benefit of the Holders of Secured
Obligations with respect to all of the Equity Interests of such Person owned by the
Company and its Domestic Subsidiaries that are Subsidiary Guarantors in substantially
the form of the Pledge Agreement(s) executed on the Effective Date; (b) a supplement to
the Subsidiary Guarantee Agreement pursuant to which such Domestic Subsidiary shall
become a Subsidiary Guarantor; (c) a Subsidiary Security Agreement in substantially the
form executed on the Effective Date (or a supplement thereto) pursuant to which such
Subsidiary shall grant the Administrative Agent for the benefit of the Holders of
Secured Obligations, a first priority perfected security interest in substantially all
of its assets, and the other documents required thereby; (d) a Subsidiary Pledge
Agreement in substantially the form executed on the Effective

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Date (or a supplement thereto) pursuant to which such Subsidiary shall grant the
Administrative Agent for the benefit of the Holders of Secured Obligations, a first
priority perfected security interest in the Equity Interests of its direct Subsidiaries
(but not in excess of 65% (in vote and value) of all of the outstanding Equity
Interests of its direct Foreign Subsidiaries), and the other documents required thereby;
and (e) if requested by the Administrative Agent or the Required Lenders, Collateral
Documents in respect of such Domestic Subsidiary’s owned real property, in each case to
provide the Administrative Agent with a first priority perfected security interest
therein and Lien thereon;

          (b) following the date on which (i) any Person becomes a Material Subsidiary of
the Borrower pursuant to a Permitted Acquisition, (ii) any Person becomes the German
Borrower (if such Person is a direct Subsidiary of the Company or a Domestic Subsidiary)
or (iii) any Person is initially designated as a Material Subsidiary in a certificate
delivered pursuant to Section 5.01(c), in each case as soon as practicable but
in any event within thirty (30) days (or such longer period as the Administrative Agent
shall agree) following such date, if such Person is a Foreign Subsidiary, upon the
request of the Administrative Agent, as soon as practicable but in any event within
thirty (30) days (or such longer period of time as the Administrative Agent shall agree)
following such date, a pledge agreement or share mortgage in favor of the Administrative
Agent, for the benefit of the Holders of Secured Obligations, governed by the law of the
jurisdiction of organization of such Foreign Subsidiary with respect to 65% (in vote and
value) of all of the outstanding Equity Interests of such Foreign Subsidiary to the
extent owned by the Company or a Subsidiary Guarantor; provided, that if at any
time any such Foreign Subsidiary issues or causes to be issued Equity Interests, such
that the aggregate amount of the Equity Interests of such Foreign Subsidiary pledged to
the Administrative Agent for the benefit of the Holders of Secured Obligations is less
than 65% (in vote or value) of all of the outstanding Equity Interests of such Person to
the extent owned by the Company or a Subsidiary Guarantor, the Company shall (A)
promptly notify the Administrative Agent of such deficiency and (B) deliver or cause to
be delivered any agreements, instruments, certificates and other documents as the
Administrative Agent may reasonably request all in form and substance reasonably
satisfactory to the Administrative Agent, in order to cause all of the Equity Interests
of such Foreign Subsidiary owned by the Company and the Subsidiary Guarantors (but not
in excess of 65% (in vote or value) of all of the outstanding Equity Interests thereof)
to be pledged to the Administrative Agent for the benefit of the Holders of Secured
Obligations; provided further, that if at any time any such Foreign
Subsidiary redeems or acquires, or causes to be redeemed or acquired, Equity Interests
in such Foreign Subsidiary, such that the aggregate amount of the Equity Interests of
such Foreign Subsidiary pledged to the Administrative Agent for the benefit of the
Holders of Secured Obligations would be greater than or equal to 65% (in vote or value)
of all of the outstanding Equity Interests of such Person, taking into account such
redemption or acquisition, the Company shall (A) notify the Administrative Agent of the
intent to effect such redemption or acquisition at least thirty (30) days (or such
shorter period of time as the Administrative Agent shall agree) prior to the
effectiveness thereof, and (B) the Administrative Agent shall, on or prior to the date

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of such redemption or acquisition, deliver or cause to be delivered any agreements,
instruments, certificates and other documents as the Company may reasonably request, all
in form and substance reasonably satisfactory to the Company and the Administrative
Agent, evidencing a release of a sufficient number of the Equity Interests of such
Foreign Subsidiary, taking into account such redemption or acquisition, from any pledge,
mortgage, lien or other encumbrance imposed under the Pledge Agreements, Security
Agreement and other Collateral Documents such that, taking into account such Equity
Interests redeemed or acquired and such Equity Interests released, the aggregate Equity
Interests in such Foreign Subsidiary that remain subject to any such pledge, mortgage or
encumbrance do not exceed 65% (in vote or value) of all of the outstanding Equity
Interests in such Foreign Subsidiary; and

          (c) in either such case as provided above in this Section 5.09 the
Company shall deliver or cause to be delivered to the Administrative Agent all such
Pledge Agreements, supplements to the Subsidiary Guarantee Agreement, Security
Agreements and other Collateral Documents, together with appropriate corporate
resolutions and other documentation (including opinions, UCC financing statements, real
estate title insurance policies, environmental reports, the stock certificates
representing the equities subject to such pledge, stock powers with respect thereto
executed in blank, and such other documents as shall be reasonably requested to perfect
the Lien of such pledge) in each case in form and substance reasonably satisfactory to
the Administrative Agent, and the Administrative Agent shall be reasonably satisfied
that it has a first priority perfected pledge of or charge over the Collateral related
thereto.

Notwithstanding the foregoing requirements of this Section 5.09:

     (i) no Receivables Entity shall be required to enter into the Subsidiary Guarantee
Agreement or the Subsidiary Security Agreement or otherwise guaranty the Secured Obligations
or grant security interests in its property to the Administrative Agent hereunder or in
connection herewith so long as such Receivables Entity is subject to a Permitted Receivables
Facility; and

     (ii) the Company, by October 31, 2006 (or such later date as the Administrative Agent
shall agree), shall cause 65% (but no more than 65%) of the Equity Interests of the
following Foreign Subsidiaries to be pledged to the Administrative Agent for the benefit of
the Lenders, pursuant to pledge documentation in form and substance reasonably acceptable to
the Administrative Agent: Software Spectrum Canada, Ltd. and Insight Direct (UK) Limited.

ARTICLE VI

Negative Covenants

          Until the Commitments have expired or terminated and the principal of and interest on each
Loan and all fees payable hereunder have been paid in full and all Letters of

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Credit have expired or terminated and all LC Disbursements shall have been reimbursed, the
Company covenants and agrees with the Lenders that:

          SECTION 6.01. Indebtedness. The Company will not, and will not permit any Subsidiary
to, create, incur, assume or permit to exist any Indebtedness, except:

     (a) the Secured Obligations;

     (b) Indebtedness existing on the date hereof and set forth in Schedule
6.01 and extensions, renewals and replacements of any such Indebtedness that do not
increase the outstanding principal amount thereof;

     (c) Indebtedness owing by (i) the Company to any Subsidiary, (ii) any European
Borrower to any Subsidiary, (iii) any Foreign Subsidiary to a European Borrower so long
as the aggregate principal amount of all such Indebtedness under this clause (iii) at no
time exceeds $25,000,000 in the aggregate, or (iv) to the extent not governed by clause
(i) through (iii), any Subsidiary to the Company or any other Subsidiary;
provided, that Indebtedness of any Foreign Subsidiary to the Company or any
Subsidiary Guarantor shall be subject to Section 6.04;

     (d) Guarantees by (i) the Company of Indebtedness owing by a Subsidiary, (ii) any
European Borrower of Indebtedness owing by a Foreign Subsidiary so long as the aggregate
principal amount of Indebtedness being guaranteed and subject to this clause (ii) does
not exceed $25,000,000 at any time, or (ii) to the extent not governed by clauses (i) or
(ii), a Subsidiary of Indebtedness owing by the Company or any other Subsidiary;
provided that (A) the Indebtedness so Guaranteed is permitted by this
Section 6.01 and (B) Guarantees by the Company or any Subsidiary Guarantor of
Indebtedness of any Foreign Subsidiary shall be subject to Section 6.04;

     (e) Indebtedness of the Company or any Subsidiary incurred to finance the
acquisition, construction or improvement of any fixed or capital assets, including
Capital Lease Obligations and any Indebtedness assumed in connection with the
acquisition of any such assets or secured by a Lien on any such assets prior to the
acquisition thereof, and extensions, renewals and replacements of any such Indebtedness
that do not increase the outstanding principal amount thereof; provided, that
(i) such Indebtedness is incurred prior to or within 90 days after such acquisition or
the completion of such construction or improvement and (ii) the aggregate principal
amount of Indebtedness permitted by this clause (e) shall not exceed $25,000,000
at any time outstanding;

     (f) Indebtedness of the Company or any Subsidiary incurred pursuant to Permitted
Receivables Facilities; provided, that the Attributable Receivables Indebtedness
thereunder shall not exceed an aggregate principal amount of $250,000,000 at any time
outstanding;

     (g) Indebtedness of the Company or any of its Subsidiaries incurred pursuant to
Vendor Trade Programs;

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     (h) Attributable Debt in respect Sale and Leaseback Transactions permitted by
Section 6.09;

     (i) Indebtedness of an Acquired Entity existing at the time of the related
Permitted Acquisition or other investment permitted under Section 6.04 which was
not incurred in contemplation of such Permitted Acquisition or other investment, so long
as, determined on a pro forma basis prior to such Acquired Entity becoming a Subsidiary
of the Company, the addition of such Indebtedness to the consolidated Indebtedness of
the Company and its Subsidiaries does not cause an Event of Default under Section
6.10 or any other term or provision of this Agreement;

     (j) Indebtedness incurred by the Company or any of its Subsidiaries arising from
agreements providing for indemnification related to sales or goods or adjustment of
purchase price or similar obligations in any case incurred in connection with the
disposition of any business, assets or Subsidiary of the Company;

     (k) Indebtedness of the Company or any of its Subsidiaries in respect of workers’
compensation claims, property casualty or liability insurance, take-or-pay obligations
in supply arrangements, self-insurance obligations, performance, bid, customs,
government, judgment, appeal and surety bonds and other obligations of a similar nature,
in each case in the ordinary course of business;

     (l) Indebtedness representing deferred compensation to employees of the Company or
any of its Subsidiaries incurred in the ordinary course of business;

     (m) Indebtedness in the form of earn-outs, indemnification, incentive,
non-compete, consulting or other similar arrangements and other contingent payments in
respect of Permitted Acquisitions or other investments permitted by Section 6.04;

     (n) Indebtedness of the Company or any of its Subsidiaries arising from the
honoring by a bank or other financial institution of a check, draft or similar
instrument inadvertently drawn by the Company or such Subsidiary in the ordinary course
of business against insufficient funds, so long as such Indebtedness is promptly repaid;

     (o) Indebtedness in respect of Swap Agreements not prohibited hereunder; and

     (p) other unsecured Indebtedness not governed by clauses (a) through
(o) of this Section 6.01 so long as the aggregate principal amount
thereof at no time exceeds $25,000,000.

          SECTION 6.02. Liens. The Company 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) Permitted Encumbrances;

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     (b) any Lien on any property or asset of the Company 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 Company or any Subsidiary and
(ii) such Lien shall secure only those obligations which it secures on the date hereof;

     (c) any Lien existing on any property or asset prior to the acquisition thereof by
the Company 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 (i) 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, (ii) such Lien shall not apply to any other property or assets of the Company or any
Subsidiary and (iii) such Lien shall secure only those obligations which it secures on
the date of such acquisition or the date such Person becomes a Subsidiary, as the case
may be;

     (d) Liens on fixed or capital assets acquired, constructed or improved by the
Company or any Subsidiary; provided that (i) such security interests secure
Indebtedness permitted by clause (e) of Section 6.01, (ii) such security
interests and the Indebtedness secured thereby are incurred prior to or within 90 days
after such acquisition or the completion of such construction or improvement, (iii) the
Indebtedness secured thereby does not exceed 100% of the cost of acquiring, constructing
or improving such fixed or capital assets and (iv) such security interests shall not
apply to any other property or assets of the Company or any Subsidiary;

     (e) Liens arising out of the refinancing, extension, renewal or refunding of any
Indebtedness secured by any Lien permitted under clauses (b), (c) or
(d) above; provided, that (i) such Indebtedness is not secured by any
additional assets and (ii) the amount of such Indebtedness secured by any such Lien is
not increased;

     (f) Liens arising out of Sale and Leaseback Transactions permitted by Section
6.09;

     (g) Liens in connection with or to secure Indebtedness permitted under Section
6.01 that arise under Permitted Receivables Facilities or Vendor Trade Programs so
long as the parties to each such Permitted Receivables Facility or Vendor Trade Program
are bound by, and such Liens are subject to, the Intercreditor Agreement;

     (h) Liens that are contractual rights of set-off;

     (i) licenses, sublicenses, leases or subleases granted to or from others that do
not interfere in any material respect with the business of the Company or any
Subsidiary; and

     (j) Liens in favor of customs and revenue authorities arising as a matter of law
to secure the payment of customs duties in connection with the importation of goods.

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          SECTION 6.03. Fundamental Changes. The Company will not, and will not 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 sell, transfer, lease or otherwise make any disposition of its
property or the Equity Interests of any of its Subsidiaries (in each case, whether now owned or
hereafter acquired), or liquidate or dissolve, except that:

     (a) the Company and its Subsidiaries may purchase and sell inventory in the
ordinary course of business;

     (b) the Company and its Subsidiaries may sell, transfer or otherwise dispose of
excess, damaged, obsolete or worn out assets and scrap in the ordinary course of
business;

     (c) the Company and its Subsidiaries may enter into and consummate Permitted
Acquisitions;

     (d) (i) any Person may merge into the Company in a transaction where the Company
is the survivor thereof, (ii) any Person (other than the Company) may merge into a
Subsidiary Guarantor where such Subsidiary Guarantor is the survivor thereof, (iii) any
Person (other than the Company or a Subsidiary Guarantor) may merge into any European
Borrower where such European Borrower is the survivor thereof, (iv) any Person (other
than a Loan Party) may merge into any other Foreign Subsidiary and (v) any Immaterial
Subsidiary may merge into any other Immaterial Subsidiary; 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;
provided, further, that neither Spectrum nor any Subsidiary thereof
shall merge with or into any Receivables Seller.

     (e) (i) the Company may sell or transfer assets to any Subsidiary Guarantor, (ii)
any Subsidiary may sell or transfer assets to the Company or any Subsidiary Guarantor,
(iii) any European Borrower may sell or transfer assets to any Foreign Subsidiary so
long as the aggregate consideration for all such sales and transfers governed by this
clause (iii) does not exceed $10,000,000 at any time, and (iv) to the extent not
governed by clauses (i) through (iii) above, any Foreign Subsidiary or
Immaterial Subsidiary may sell or transfer assets to the Company or any other
Subsidiary; provided, that neither Spectrum nor any Subsidiary thereof shall
sell or transfer any Receivables, directly or indirectly, to any Receivables Seller.

     (f) the Company or any Subsidiary may (i) sell Receivables under Permitted
Receivables Facilities (subject to the limitation that the Attributable Receivables
Indebtedness thereunder shall not exceed an aggregate principal amount of $250,000,000)
and (ii) sell or discount, in each case without recourse and in the ordinary course of
business, overdue accounts receivable arising in the ordinary course of business, in
connection with the compromise or collection thereof consistent with customary industry
practice (and not as part of any bulk sale or financing of receivables);

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     (g) if at the time thereof and immediately after giving effect thereto no Event of
Default shall have occurred and be continuing, any Subsidiary that is not a Borrower may
liquidate or dissolve if the Company determines in good faith that such liquidation or
dissolution is in the best interests of the Company and is not materially
disadvantageous to the Lenders;

     (h) the Company or any Subsidiary may (i) sell Permitted Investments in the
ordinary course of business, (ii) license intellectual property in the ordinary course
of business and (iii) dispose of or abandon intellectual property that is, in the
reasonable judgment of the Company, no longer economically practicable to maintain or
useful in the conduct of the business of the Company and its Subsidiaries taken as a
whole;

     (i) any sale of assets pursuant to a Sale and Leaseback Transaction permitted by
Section 6.09;

     (j) any lease or sub-lease of property in the ordinary course of
business that would not materially interfere with the required use of such property by
the Company or its Subsidiaries; and

     (k) the Company or any Subsidiary may engage in a sale or transfer of any assets
not described above so long as such assets, when taken together with all other assets
sold or transferred pursuant to this clause (k) in any fiscal year, does not
constitute a Substantial Portion of the assets of the Company and its Subsidiaries.

In addition to the foregoing, the Company will not, and will not permit any of its Subsidiaries to,
engage to any material extent in any business if as a result thereof the general nature of the
business of the Company and its Subsidiaries taken as a whole would be substantially changed from
the general nature of the business of the Company and its Subsidiaries on the Effective Date.

          SECTION 6.04. Investments, Loans, Advances, Guarantees and Acquisitions. The Company
will not, and will not permit any of its Subsidiaries 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 capital stock, 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) Permitted Acquisitions; provided, that the Company shall comply with
Section 5.09 following any such Permitted Acquisition;

          (b) Permitted Investments;

          (c) existing investments in Subsidiaries and other investments in existence on the
date hereof and described in Schedule 6.04;

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          (d) investments made by the Company and the Subsidiaries in Equity Interests in
their respective Subsidiaries; provided that the aggregate amount of such
investments by the Company and Subsidiary Guarantors in Foreign Subsidiaries (together
with outstanding intercompany loans permitted under the proviso to paragraph (e)
below and outstanding Guarantees permitted under the proviso to paragraph (f)
below) shall not exceed $50,000,000 at any time outstanding; provided,
further, that investments made by the European Borrowers in Equity Interests in
their respective Foreign Subsidiaries shall not exceed $25,000,000 at any time
outstanding;

          (e) loans or advances made by the Company to any Subsidiary and made by any
Subsidiary to the Company or any other Subsidiary; provided that the amount of
such loans and advances made by the Company and Subsidiary Guarantors to Foreign
Subsidiaries (together with outstanding investments permitted under the proviso to
paragraph (d) above and outstanding Guarantees permitted under the proviso to
paragraph (f) below) shall not exceed $50,000,000 at any time outstanding;
provided, further, that loans made by the European Borrowers to Foreign
Subsidiaries shall be limited by Section 6.01; provided,
further, that no such loan or advance shall contravene the provisions of Section
151 of the English Companies Act 1985.

          (f) Guarantees constituting Indebtedness permitted by Section 6.01;
provided that the aggregate principal amount of Indebtedness of Foreign
Subsidiaries that is Guaranteed by the Company or any Subsidiary Guarantor (together
with outstanding investments permitted under the proviso to paragraph (d) above
and outstanding intercompany loans permitted under the proviso to paragraph (e)
above) shall not exceed $50,000,000 at any time outstanding; provided,
further, that guarantees made by the European Borrowers in respect of Foreign
Subsidiaries shall be limited by Section 6.01;

          (g) Guarantees by the Company or any Subsidiary of operating leases or of other
obligations that do not constitute Indebtedness, in each case entered into by the
Company or any Subsidiary in the ordinary course of business;

          (h) extensions of trade credit in the ordinary course of business;

          (i) Investments of the Company or any Subsidiary under Swap Agreements permitted
hereunder;

          (j) loans and advances to employees, officers and directors of the Company or any
of its Subsidiaries in the ordinary course of business in an aggregate amount (for the
Company and all Subsidiaries) not to exceed $1,000,000 at any one time outstanding; and

          (k) other investments (whether in capital stock, evidences of indebtedness or
other securities (including any option, warrant or other right to acquire any of the
foregoing), loans or advances, Guarantees or other investments and interests) not
exceeding $5,000,000 at any time outstanding (determined as the

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amount originally advanced, loaned or otherwise invested, less any returns on the
respective investment not to exceed the original amount invested).

          SECTION 6.05. Swap Agreements. The Company will not, and will not permit any of its
Subsidiaries to, enter into any Swap Agreement, except (a) Swap Agreements entered into to hedge or
mitigate risks to which the Company or any Subsidiary has actual exposure (other than those in
respect of Equity Interests of the Company or any of its Subsidiaries), and (b) Swap 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 Company or any Subsidiary.

          SECTION 6.06. Restricted Payments. The Company will not, and will not permit any of
its Subsidiaries to, declare or make, or agree to pay or make, directly or indirectly, any
Restricted Payment, except (a) the Company may declare and pay dividends with respect to its Equity
Interests payable solely in additional shares of its common stock, (b) (i) Subsidiaries may declare
and pay dividends ratably with respect to their Equity Interests, and (ii) a Subsidiary may make
distributions to allow for the payment of any Federal, state, local, or foreign Taxes that are due
and payable by any group of corporations that includes the Subsidiary and with which the Subsidiary
joins in filing any consolidated, combined, unitary, or similar Tax Returns, determined as if the
Subsidiary filed such Tax Returns separately as the parent of an affiliated (or similar) group that
included the Subsidiary and its subsidiaries, (c) so long as no Default exists at the time thereof,
the Company may redeem, repurchase, acquire or retire up to $50,000,000 in the aggregate of its
outstanding Equity Interests during the term of this Agreement and (d) the Company may declare and
pay distributions and dividends on its Equity Interests; provided, that, with respect to
the foregoing clause (d), (1) no Default shall exist before or after giving effect to such
distributions and dividends or be created as a result thereof and (2) each cash dividend declared
by the Company shall be made within 90 days of the declaration thereof.

          SECTION 6.07. Transactions with Affiliates. The Company will not, and will not
permit any of its Subsidiaries to, sell, lease or otherwise transfer any property or assets to, or
purchase, lease or otherwise acquire any property or assets from, or otherwise engage in any other
transactions with, any of its Affiliates, except (a) transactions that (i) are in the ordinary
course of business and (ii) are at prices and on terms and conditions not less favorable to the
Company or such Subsidiary than could be obtained on an arm’s-length basis from unrelated third
parties, (b) transactions between or among the Company and the Subsidiary Guarantors not involving
any other Affiliate, (c) transactions between or among the Foreign Subsidiaries not involving any
other Affiliate and (d) any transaction expressly permitted under this Article VI.

          SECTION 6.08. Restrictive Agreements; Receivables Entities. The Company will not,
and will not permit any of its Subsidiaries 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 Company or any Subsidiary to create, incur or permit to exist any Lien upon
any of its property or assets, or (b) the ability of any Subsidiary to pay dividends or other
distributions with respect to any shares of its capital stock or to make or repay loans or advances
to the Company or any other Subsidiary or to Guarantee Indebtedness of the Company or any other
Subsidiary; provided that (i) the foregoing shall not apply to restrictions and conditions
imposed by law or by this Agreement, (ii) the foregoing shall not apply to restrictions

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and conditions existing on the date hereof identified on Schedule 6.08 (but shall
apply to any extension or renewal of, or any amendment or modification expanding the scope of, any
such restriction or condition), (iii) the foregoing shall not apply to customary restrictions and
conditions contained in agreements relating to the sale of a Subsidiary pending such sale, provided
such restrictions and conditions apply only to the Subsidiary that is to be sold and such sale is
permitted hereunder, (iv) clause (a) of the foregoing shall not apply to restrictions or
conditions imposed by 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,
(v) the foregoing shall not apply to customary restrictions and conditions contained in agreements
relating to a Permitted Receivables Facility or Vendor Trade Programs or to customary provisions
contained in joint venture agreements and other similar agreements applicable to joint ventures
entered into in the ordinary course of business and (vi) clause (a) of the foregoing shall
not apply to customary provisions in leases and other contracts restricting the assignment thereof.
No Receivables Entity shall be bound by any provision of this Article VI so long as it
constitutes a Receivables Entity and is subject to a Permitted Receivables Facility.

          SECTION 6.09. Sale and Leaseback Transactions. The Company will not, and will not
will 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, except
for any such sale of any fixed or capital assets by the Company or any Subsidiary that is made for
cash consideration in an amount not less than the fair value of such fixed or capital asset and is
consummated within 90 days after the Company or such Subsidiary acquires or completes the
construction of such fixed or capital asset; provided, however, that the aggregate
amount of Attributable Debt resulting from such transactions shall not exceed $50,000,000 at any
time.

          SECTION 6.10. Financial Covenants.

          (a) Maximum Total Leverage Ratio. The Company will not permit the Total Leverage
Ratio, determined as of the end of each of its fiscal quarters, to exceed 2.50 to 1.00.

          (b) Minimum Fixed Charge Coverage Ratio. The Company will not permit the Fixed
Charge Coverage Ratio, determined as of the end of each of its fiscal quarters, to be less than
1.25 to 1.00.

ARTICLE VII

Events of Default

          If any of the following events (“Events of Default”) shall occur:

          (a) (i) any Borrower shall fail to pay any principal of any Loan 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 or (ii) the Company shall fail to pay

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any reimbursement obligation in respect of any LC Disbursement within three
Business Days of the date the same shall become due and payable;

          (b) any Borrower shall fail to pay any interest on any Loan or any fee or any
other amount (other than an amount referred to in clause (a) of this Article)
payable under this Agreement, when and as the same shall become due and payable, and
such failure shall continue unremedied for a period of five Business Days;

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

          (d) any Borrower shall fail to observe or perform any covenant, condition or
agreement contained in Section 5.02(a), 5.03 (with respect to any
Borrower’s existence), 5.08, 5.09 or in Article VI;

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

          (f) the Company 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 (subject to any applicable grace
period with respect thereto, if any, set forth in the agreement evidencing such Material
Indebtedness);

          (g) 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 (g) shall not apply to secured Indebtedness that becomes due as a result
of the voluntary sale or transfer of the property or assets securing such Indebtedness;

          (h) an involuntary proceeding shall be commenced or an involuntary petition shall
be filed seeking (i) bankruptcy, winding up, dissolution, liquidation, administration,
moratorium, reorganization or other relief in respect of the Company or any Subsidiary
or its debts, or of a substantial part of its assets, under any Federal, state or
foreign bankruptcy, insolvency, administrative, receivership or similar law

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now or hereafter in effect or (ii) the appointment of a receiver, administrator,
administrative receiver, trustee, custodian, sequestrator, conservator or similar
official for the Company or any Subsidiary or for a substantial part of its assets, and,
in any such case, such proceeding or petition shall continue undismissed or unwithdrawn
for 90 days or an order or decree approving or ordering any of the foregoing shall be
entered;

          (i) the Company or any Subsidiary shall (i) voluntarily commence any proceeding or
file any petition seeking bankruptcy, winding up, dissolution, liquidation,
administration, moratorium, reorganization or other relief under any Federal, state or
foreign bankruptcy, insolvency, administrative 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 (h) of
this Article, (iii) apply for or consent to the appointment of a receiver,
administrator, administrative receiver, trustee, custodian, sequestrator, conservator or
similar official for the Company 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 or arrangement for the
benefit of creditors or (vi) take any action for the purpose of effecting any of the
foregoing;

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

          (k) one or more (i) judgments for the payment of money in an aggregate amount in
excess of $5,000,000 or (ii) nonmonetary judgments or orders which, individually or in
the aggregate, could reasonably be expected to have a Material Adverse Effect, shall be
rendered against the Company, 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 Company or any Subsidiary to enforce
any such judgment;

          (l) an ERISA Event shall have occurred that, when taken together with all other
ERISA Events that have occurred, could reasonably be expected to result in liability of
the Company and its Subsidiaries in an aggregate amount exceeding $5,000,000;

          (m) a Change in Control shall occur;

          (n) any Loan Document shall fail to remain in full force or effect against the
Company or any Subsidiary or any action shall be taken or shall be failed to be taken by
the Company or any Subsidiary to discontinue or to assert the invalidity or
unenforceability of, or which results in the discontinuation or invalidity or
unenforceability of, any Loan Document or any Lien in favor of the Administrative Agent
under the Loan Documents (with respect to Collateral having an aggregate book value in
excess of $500,000), or such Lien (with respect to Collateral having an

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aggregate book value in excess of $500,000) shall not have the priority
contemplated by the Loan Documents; or

          (o) an event (such event, an “Off-Balance Sheet Trigger Event”) shall
occur which (i) permits the investors or purchasers in respect of Off-Balance Sheet
Liabilities of the Company or any Affiliate of the Company to require the amortization
or liquidation of such Off-Balance Sheet Liabilities and (x) such Off-Balance Sheet
Trigger Event shall not be remedied or waived within the later to occur of the tenth day
after the occurrence thereof or the expiry date of any grace period related thereto
under the agreement evidencing such Off-Balance Sheet Liabilities, or (y) such investors
shall require the amortization or liquidation of such Off-Balance Sheet Liabilities as a
result of such Off-Balance Sheet Trigger Event, (ii) results in the termination of
reinvestments of collections or proceeds of receivables and related assets under the
agreements evidencing such Off-Balance Sheet Liabilities, or (iii) causes or otherwise
permits the replacement or substitution of the Company or any Affiliate thereof as the
servicer under the agreements evidencing such Off-Balance Sheet Liabilities;
provided, however, that this paragraph (o) shall not apply on
any date with respect to any voluntary request by the Company or an Affiliate thereof
for an above-described amortization, liquidation, or termination of reinvestments so
long as the aforementioned investors or purchasers cannot independently require on such
date such amortization, liquidation or termination of reinvestments.

then, and in every such event (other than an event with respect to a Loan Party described in
clause (h) or (i) 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 Company, 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, and (ii) declare the Loans then outstanding to be due and payable in whole (or in
part, in which case any such principal or face amount not so declared to be due and payable or
required to be prepaid may thereafter be declared to be due and payable or required to be prepaid),
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 Borrowers 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 Borrowers; and in case of any event with respect to a
Loan Party described in clause (h) or (i) of this Article, the Commitments shall
automatically terminate and the principal of the Loans then outstanding, together with accrued
interest thereon and all fees and other obligations of the Borrowers accrued hereunder, shall
automatically become due and payable, without presentment, demand, protest or other notice of any
kind, all of which are hereby waived by the Borrowers.

ARTICLE VIII

The Agents

          Each of the Lenders and the Issuing Bank hereby irrevocably appoints each Applicable Agent as
its agent and authorizes such Applicable Agent to take such actions on its

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behalf and to exercise such powers as are delegated to such Applicable Agent by the terms
hereof, together with such actions and powers as are reasonably incidental thereto.

          Each bank serving as an Agent hereunder shall have the same rights and powers in its capacity
as a Lender as any other Lender and may exercise the same as though it were not such Agent, and
such bank and its Affiliates may accept deposits from, lend money to and generally engage in any
kind of business with the Company or any Subsidiary or other Affiliate thereof as if it were not an
Agent hereunder.

          The Agents shall not have any duties or obligations except those expressly set forth herein.
Without limiting the generality of the foregoing, (a) no Agent shall be subject to any fiduciary or
other implied duties, regardless of whether a Default has occurred and is continuing, (b) no Agent
shall have any duty to take any discretionary action or exercise any discretionary powers, except
discretionary rights and powers expressly contemplated hereby that such 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 under the circumstances as provided in Section 11.02), and
(c) except as expressly set forth herein, no Agent shall have any duty to disclose, or shall be
liable for the failure to disclose, any information relating to the Company or any of its
Subsidiaries that is communicated to or obtained by the bank serving as such Agent or any of its
Affiliates in any capacity. No Agent shall 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 11.02) or in
the absence of its own gross negligence or willful misconduct. No Agent shall be deemed to have
knowledge of any Default unless and until written notice thereof is given to such Agent by a
Borrower or a Lender, and no Agent shall be responsible for or have any duty to ascertain or
inquire into (i) any statement, warranty or representation made in or in connection with this
Agreement, (ii) the contents of any certificate, report or other document delivered hereunder or in
connection herewith, (iii) the performance or observance of any of the covenants, agreements or
other terms or conditions set forth herein, (iv) the validity, enforceability, effectiveness or
genuineness of this Agreement or any other agreement, instrument or document, (v) the satisfaction
of any condition set forth in Article IV or elsewhere herein, other than to confirm receipt
of items expressly required to be delivered to such Agent or (vi) the perfection or priority of any
Lien securing the Obligations.

          Each 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
believed by it to be genuine and to have been signed or sent by the proper Person. Each 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. Each Agent may consult with
legal counsel (who may be counsel for any Borrower), independent accountants and other experts
selected by it, and shall not be liable for any action taken or not taken by it in accordance with
the advice of any such counsel, accountants or experts.

          Each 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 such Agent. Each 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 the preceding paragraphs shall apply

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to any such sub-agent and to the Related Parties of each 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 an Agent.

          Subject to the appointment and acceptance of a successor Agent as provided in this paragraph,
any Agent may resign at any time by notifying the Lenders, the Issuing Bank (in the case of the
Administrative Agent) and the Company. Upon any such resignation, the Required Lenders shall have
the right, in consultation with the Company, 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 Agent gives notice of its resignation, then the retiring Agent may, on behalf of
the Lenders and the Issuing Bank (in the case of a successor Administrative Agent), appoint a
successor Agent, which, in the case of the Administrative Agent shall be a bank with an office in
New York, New York, or an Affiliate of any such bank; and in the case of the European Agent, shall
be a bank with an office in London, England, or an Affiliate of any such bank. The appointment of
a successor European Agent shall be subject to the consent of the Administrative Agent (such
consent not to be unreasonably withheld). Upon the acceptance of its appointment as an Agent
hereunder by a successor, such successor shall succeed to and become vested with all the rights,
powers, privileges and duties of the retiring Agent, and the retiring Agent shall be discharged
from its duties and obligations hereunder. The fees payable by any Borrower to a successor Agent
shall be the same as those payable to its predecessor unless otherwise agreed between such Borrower
and such successor. After an Agent’s resignation hereunder, the provisions of this Article and
Section 11.03 shall continue in effect for the benefit of such retiring 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 an Agent.

          Each Lender acknowledges that it has, independently and without reliance upon any Agent or any
other Lender 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 also acknowledges that it
will, independently and without reliance upon any Agent or any other Lender 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 related agreement
or any document furnished hereunder or thereunder.

          Each Lender authorizes the Administrative Agent to enter into the Collateral Documents and to
take all action contemplated thereby. Each Lender agrees that no one (other than the
Administrative Agent) shall have the right individually to seek to realize upon the security
granted by any Collateral Document, it being understood and agreed that such rights and remedies
may be exercised solely by the Administrative Agent for the benefit of the Holders of Secured
Obligations upon the terms of the Collateral Documents. In the event that any collateral is
hereafter pledged by any Person as collateral security for the Secured Obligations, the
Administrative Agent is hereby authorized, and hereby granted a power of attorney, to execute and
deliver on behalf of the Lenders any Loan Documents necessary or appropriate to grant and perfect a
Lien on such collateral in favor of the Administrative Agent on behalf of the Lenders. The Lenders
hereby authorize the Administrative Agent, at its option and in its discretion, to permit the
release of any Lien granted to or held by the Administrative Agent upon any Collateral (i) as
described in Section 11.02(c); (ii) as permitted by, but only in accordance with,

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the terms of the applicable Loan Documents; or (iii) if approved, authorized or ratified in
writing by the Required Lenders, unless such release is required to be approved by all of the
Lenders hereunder. Upon request by the Administrative Agent at any time, the Lenders will confirm
in writing the Administrative Agent’s authority to release particular types or items of collateral
pursuant hereto.

          Each Lender hereby authorizes the Administrative Agent to enter into the Intercreditor
Agreement and to take all actions with respect to such agreement as contemplated hereunder or
thereunder.

          No Person identified on the cover page to this Agreement, the signature pages to this
Agreement or otherwise in this Agreement as a “Syndication Agent”, a “Documentation Agent” or a
“Lead Arranger” shall have any right, power, obligation, liability, responsibility or duty under
this Agreement other than, if such Person is a Lender, those applicable to all Lenders as such.
Without limiting the foregoing, no Person identified on the cover page to this Agreement, the
signature pages to this Agreement or otherwise in this Agreement as a “Syndication Agent”, a
“Documentation Agent” or a “Lead Arranger” shall have or be deemed to have any fiduciary duty to or
fiduciary relationship with any Lender. In addition to the agreement set forth above, each of the
Lenders acknowledges that it has not relied, and will not rely, on any Person so identified in
deciding to enter into this Agreement or in taking or not taking action hereunder.

ARTICLE IX

Collection Allocation Mechanism

          SECTION 9.01. Implementation of CAM. (a) On the CAM Exchange Date, (i) the
Commitments shall automatically and without further act be terminated as provided in Article
VII, (ii) each US Tranche Revolving Lender shall immediately be deemed to have acquired (and
shall promptly make payment therefor to the Administrative Agent in accordance with Section
2.04(c)) participations in the Swingline Loans under the US Tranche in an amount equal to such
Lender’s US Tranche Revolving Percentage of each such Swingline Loan outstanding on such date,
(iii) each European Tranche Lender shall immediately be deemed to have acquired (and shall promptly
make payment therefor to the applicable Agent in accordance with Section 2.04(c))
participations in the Swingline Loans under the European Tranche in an amount equal to such
Lender’s European Tranche Percentage of each such Swingline Loan outstanding on such date, (iv)
simultaneously with the automatic conversions pursuant to clause (v) below (after giving
effect to clauses (ii) and (iii) above), the Lenders shall automatically and
without further act (and without regard to the provisions of Section 11.04) be deemed to
have exchanged interests in the Loans (other than the Swingline Loans) and participations in
Swingline Loans and Letters of Credit, such that in lieu of the interest of each Lender in each
Loan and Letter of Credit in which it shall participate as of such date (including such Lender’s
interest in the Obligations of each Borrower in respect of each such Loan and Letter of Credit),
such Lender shall hold an interest in every one of the Loans (other than the Swingline Loans) and a
participation in every one of the Swingline Loans and Letters of Credit (including the

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Obligations of each Borrower in respect of each such Loan and each Reserve Account established
pursuant to Section 9.02 below), whether or not such Lender shall previously have
participated therein, equal to such Lender’s CAM Percentage thereof, and (v) simultaneously with
the deemed exchange of interests pursuant to clause (iv) above, the interests in the Loans
to be received in such deemed exchange shall, automatically and with no further action required, be
converted into the US Dollar Equivalent, determined using the Exchange Rate calculated as of such
date, of such amount and on and after such date all amounts accruing and owed to the Lenders in
respect of such Obligations shall accrue and be payable in US Dollars at the rate otherwise
applicable hereunder. Each Lender and each Borrower hereby consents and agrees to the CAM
Exchange, and each Lender agrees that the CAM Exchange shall be binding upon its successors and
assigns and any person that acquires a participation in its interests in any Loan or any
participation in any Swingline Loan or Letter of Credit. Each Borrower and each Lender agrees from
time to time to execute and deliver to the Administrative Agent all such promissory notes and other
instruments and documents as the Administrative Agent shall reasonably request to evidence and
confirm the respective interests and obligations of the Lenders after giving effect to the CAM
Exchange, and each Lender agrees to surrender any promissory notes originally received by it in
connection with its Loans hereunder to the Administrative Agent against delivery of any promissory
notes evidencing its interests in the Loans so executed and delivered; provided,
however, that the failure of any Borrower to execute or deliver or of any Lender to accept
any such promissory note, instrument or document shall not affect the validity or effectiveness of
the CAM Exchange.

          (b) As a result of the CAM Exchange, upon and after the CAM Exchange Date, each payment
received by the Administrative Agent pursuant to any Loan Document in respect of the Obligations,
and each distribution made by the Administrative Agent pursuant to any Loan Document in respect of
the Obligations, shall be distributed to the Lenders pro rata in accordance with their respective
CAM Percentages. Any direct payment received by a Lender on or after the CAM Exchange Date,
including by way of set-off, in respect of an Obligation shall be paid over to the Administrative
Agent for distribution to the Lenders in accordance herewith.

          SECTION 9.02. Letters of Credit. (a) In the event that on the CAM Exchange Date any
Letter of Credit shall be outstanding and undrawn in whole or in part, or any L/C Disbursement
shall not have been reimbursed by the Company or with the proceeds of a Revolving Borrowing or
Swingline Borrowing, each US Tranche Revolving Lender shall promptly pay over to the Administrative
Agent, in immediately available funds, an amount in US Dollars equal to such Lender’s US Tranche
Revolving Percentage of such undrawn face amount or (to the extent it has not already done so) such
unreimbursed drawing, as applicable, together with interest thereon from the CAM Exchange Date to
the date on which such amount shall be paid to the Administrative Agent at the rate that would be
applicable at the time to a US Tranche ABR Revolving Loan in a principal amount equal to such
undrawn face amount or unreimbursed drawing, as applicable. The Administrative Agent shall
establish a separate account (each, a “Reserve Account”) or accounts for each Lender for
the amounts received with respect to each such Letter of Credit pursuant to the preceding sentence.
The Administrative Agent shall deposit in each Lender’s Reserve Account such Lender’s CAM
Percentage of the amounts received from the US Tranche Revolving Lenders as provided above. The
Administrative Agent shall have sole dominion and control over each Reserve Account, and the
amounts deposited in each Reserve Account shall be held in such Reserve Account until withdrawn as
provided in

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paragraph (b), (c), (d) or (e) below. The Administrative
Agent shall maintain records enabling it to determine the amounts paid over to it and deposited in
the Reserve Accounts in respect of each Letter of Credit and the amounts on deposit in respect of
each Letter of Credit attributable to each Lender’s CAM Percentage. The amounts held in each
Lender’s Reserve Account shall be held as a reserve against the LC Exposures, shall be the property
of such Lender, shall not constitute Loans to or give rise to any claim of or against any Borrower
and shall not give rise to any obligation on the part of any Borrower to pay interest to such
Lender, it being agreed that the reimbursement obligations in respect of Letters of Credit shall
arise only at such times as drawings are made thereunder, as provided in Section 2.05.

          (b) In the event that after the CAM Exchange Date any drawing shall be made in respect of a
Letter of Credit, the Administrative Agent shall, at the request of the Issuing Bank, withdraw from
the Reserve Account of each Lender any amounts, up to the amount of such Lender’s CAM Percentage of
such drawing or payment, deposited in respect of such Letter of Credit and remaining on deposit and
deliver such amounts to the Issuing Bank in satisfaction of the reimbursement obligations of the US
Tranche Revolving Lenders under Section 2.05(d) (but not of the Company under Section
2.05(e)). In the event that any US Tranche Revolving Lender shall default on its obligation to
pay over any amount to the Administrative Agent as provided in this Section 9.02, the
Issuing Bank shall have a claim against such Lender to the same extent as if such Lender had
defaulted on its obligations under Section 2.05(d), but shall have no claim against any
other Lender in respect of such defaulted amount, notwithstanding the exchange of interests in the
Company’s reimbursement obligations pursuant to Section 9.01. Each other Lender shall have
a claim against such defaulting Lender for any damages sustained by it as a result of such default,
including, in the event that such Letter of Credit shall expire undrawn, its CAM Percentage of the
defaulted amount.

          (c) In the event that after the CAM Exchange Date any Letter of Credit shall expire undrawn,
the Administrative Agent shall withdraw from the Reserve Account of each Lender the amount
remaining on deposit therein in respect of such Letter of Credit and distribute such amount to such
Lender.

          (d) With the prior written approval of the Administrative Agent (not to be unreasonably
withheld), any Lender may withdraw the amount held in its Reserve Account in respect of the undrawn
amount of any Letter of Credit. Any Lender making such a withdrawal shall be unconditionally
obligated, in the event there shall subsequently be a drawing under such Letter of Credit, to pay
over to the Administrative Agent, in the currency in which such drawing is denominated, for the
account of the Issuing Bank, on demand, its CAM Percentage of such drawing or payment.

          (e) Pending the withdrawal by any Lender of any amounts from its Reserve Account as
contemplated by the above paragraphs, the Administrative Agent will, at the direction of such
Lender and subject to such rules as the Administrative Agent may prescribe for the avoidance of
inconvenience, invest such amounts in customary, highly-rated, short-term investments reasonably
acceptable to the Administrative Agent. Each Lender that has not withdrawn its amounts in its
Reserve Account as provided in paragraph (d) above shall have the right, at intervals
reasonably specified by the Administrative Agent, to withdraw the earnings on

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investments so made by the Administrative Agent with amounts in its Reserve Account and to
retain such earnings for its own account.

          (f) Notwithstanding the foregoing or anything else to the contrary set forth in this
Agreement or any other Loan Document, to the extent the Company has cash collateralized LC Exposure
in respect of outstanding Letters of Credit within five (5) Business Days after the date such cash
collateralization is required under the terms of this Agreement (including, without limitation,
Section 2.05(j)), no Lender shall be required to deposit any amount in a Reserve Account or
otherwise post any amount in respect of outstanding Letters of Credit as contemplated by this
Section 9.02. In the event any LC Exposure is not cash collateralized as required under
this Agreement and the Company does not post required cash collateral within 5 Business Days after
the date on which such cash collateral was required to be posted, then the Lenders shall be
required to make deposits as and when contemplated in this Section 9.02 in the amount not
secured by cash collateral required to be posted under Section 2.05(j) or otherwise.

ARTICLE X

Guarantee

          In order to induce the Lenders to extend credit to the other Borrowers hereunder, the Company
hereby irrevocably and unconditionally guarantees, as a primary obligor and not merely as a surety,
the payment when and as due of the Obligations of such other Borrowers. The Company further agrees
that the due and punctual payment of such Obligations may be extended or renewed, in whole or in
part, without notice to or further assent from it, and that it will remain bound upon its guarantee
hereunder notwithstanding any such extension or renewal of any such Obligation.

          The Company waives presentment to, demand of payment from and protest to any Borrower of any
of the Obligations, and also waives notice of acceptance of its obligations and notice of protest
for nonpayment. The obligations of the Company hereunder shall not be affected by (a) the failure
of any Agent, Issuing Bank or Lender to assert any claim or demand or to enforce any right or
remedy against any Borrower under the provisions of this Agreement, any other Loan Document or
otherwise; (b) any extension or renewal of any of the Obligations; (c) any rescission, waiver,
amendment or modification of, or release from, any of the terms or provisions of this Agreement, or
any other Loan Document or agreement; (d) any default, failure or delay, willful or otherwise, in
the performance of any of the Obligations; or (e) any other act, omission or delay to do any other
act which may or might in any manner or to any extent vary the risk of the Company or otherwise
operate as a discharge of a guarantor as a matter of law or equity or which would impair or
eliminate any right of the Company to subrogation.

          The Company further agrees that its agreement hereunder constitutes a guarantee of payment
when due (whether or not any bankruptcy or similar proceeding shall have stayed the accrual or
collection of any of the Obligations or operated as a discharge thereof) and not merely of
collection, and waives any right to require that any resort be had by any Agent, Issuing Bank or
Lender to any balance of any deposit account or credit on the books of any Agent, Issuing Bank or
Lender in favor of any Borrower or any other Person.

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          The obligations of the Company hereunder shall not be subject to any reduction, limitation,
impairment or termination for any reason (other than payment of the Obligations), and shall not be
subject to any defense or set-off, counterclaim, recoupment or termination whatsoever, by reason of
the invalidity, illegality or unenforceability of any of the Obligations, any impossibility in the
performance of any of the Obligations or otherwise.

          The Company further agrees that its obligations hereunder shall continue to be effective or be
reinstated, as the case may be, if at any time payment, or any part thereof, of any Obligation is
rescinded or must otherwise be restored by any Agent, Issuing Bank or Lender upon the bankruptcy or
reorganization of any Borrower or otherwise.

          In furtherance of the foregoing and not in limitation of any other right which any Agent,
Issuing Bank or Lender may have at law or in equity against the Company by virtue hereof, upon the
failure of any other Borrower to pay any Obligation when and as the same shall become due, whether
at maturity, by acceleration, after notice of prepayment or otherwise, the Company hereby promises
to and will, upon receipt of written demand by any Agent, Issuing Bank or Lender, forthwith pay, or
cause to be paid, to the applicable Agent, Issuing Bank or Lender in cash an amount equal to the
unpaid principal amount of such Obligations then due, together with accrued and unpaid interest
thereon. The Company further agrees that if payment in respect of any Obligation shall be due in a
currency other than US Dollars and/or at a place of payment other than New York and if, by reason
of any Change in Law, disruption of currency or foreign exchange markets, war or civil disturbance
or other event, payment of such Obligation in such currency or at such place of payment shall be
impossible or, in the reasonable judgment of any Agent, Issuing Bank or Lender, disadvantageous to
such Agent, Issuing Bank or Lender in any material respect, then, at the election of the
Administrative Agent, the Company shall make payment of such Obligation in US Dollars (based upon
the applicable Exchange Rate in effect on the date of payment) and/or in New York, and, as a
separate and independent obligation, shall indemnify each Agent, Issuing Bank and Lender against
any losses or reasonable out-of-pocket expenses that it shall sustain as a result of such
alternative payment.

          Upon payment by the Company of any sums as provided above, all rights of the Company against
any Borrower arising as a result thereof by way of right of subrogation or otherwise shall in all
respects be subordinated and junior in right of payment to the prior indefeasible payment in full
in cash of all the Obligations owed by such Borrower to the Agents, the Issuing Bank and the
Lenders.

          Nothing shall discharge or satisfy the liability of the Company hereunder except the full
performance and payment of the Obligations.

ARTICLE XI

Miscellaneous

          SECTION 11.01. Notices. (a) Except in the case of notices and other communications
expressly permitted to be given by telephone (and subject to paragraph (b) below), all
notices and other communications provided for herein shall be in writing and shall be

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delivered by hand or overnight courier service, mailed by certified or registered mail or sent
by telecopy, as follows:

     (i) if to any Borrower, to:

c/o Insight Enterprises, Inc.

1305 W. Auto Drive

Tempe, AZ 85284

Attn: Stanley Laybourne

Phone: (480) 350-1142

Fax: (480) 350-1411

With a copy to:

1305 W. Auto Drive

Tempe, AZ 85284

Attn: Mark N. Rogers, Esq.

Phone: (480) 333-3475

Fax: (480) 760-9068

     (ii) if to the Administrative Agent, to:

JPMorgan Chase Bank, National Association

10 South Dearborn, Floor 19

Mail Code: IL1-0010

Chicago, IL 60603-2003

Attn: John K. Beirne

Phone: (312) 385-7016

Fax: (312) 385-7097

     (iii) if to the European Agent, to:

J. P. Morgan Europe Limited

Mail Code: London Wall/9

125 London Wall, Floor 9, London EC2Y5AJ

United Kingdom

Attention: Manager of Loan & Agency Services

Fax: 44 207 7772360

(in each case with a copy to the Administrative Agent as provided in clause (ii) above);

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     (iv) if to the Issuing Bank, to:

JPMorgan Chase Bank, National Association

Commercial Banking

201 N. Central Avenue, Floor 21

Mail Code: AZ1-1178

Phoenix, AZ 85004

Attn: Steve Krakoski

Phone: (602) 221-1360

Fax: (602) 221-1502

     (v) if to the US Tranche Swingline Lender, to:

JPMorgan Chase Bank, National Association

Loan and Agency Services Group

Mail Code: IL 1-0010

10 S. Dearborn St., 19th Floor

Chicago, IL 60603

Attention: Nanette Wilson

Phone: (312) 385-7084

Fax: (312) 385-7096

(with a copy to the European Agent as provided in clause (iii) above to the extent a Swingline Loan is being made to a European Borrower);

     (vi) if to the European Tranche Swingline Lender, to:

J.P. Morgan Europe Limited

Mail Code: London Wall/9

125 London Wall, Floor 9

London EC2Y5AJ

United Kingdom

Attention: European Loan Operation

Fax: 44 207 492-3298

(in each case with a copy to the Administrative Agent as provided in clause (ii) above and the European Agent as provided in clause (iii) above); and

     (vii) if to any other 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 Applicable Agent and the
applicable Lender. Each Agent or the Company may, in its discretion, agree to

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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 11.02. Waivers; Amendments. (a) No failure or delay by any 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 Agents, 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 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 the issuance of a Letter of Credit shall not be construed as a
waiver of any Default, regardless of whether any Agent, any Lender or the Issuing Bank may have had
notice or knowledge of such Default at the time.

          (b) Neither this Agreement nor any other Loan Document nor any provision hereof or thereof
may be waived, amended or modified except pursuant to an agreement or agreements in writing entered
into by the Borrowers and the Required Lenders or by the Borrowers and the Administrative Agent
with the consent of 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 any 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 directly affected thereby,

     (iii) postpone the date of any scheduled payment of the principal amount of any Loan
or LC Disbursement, or any interest thereon, or any 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 directly affected thereby,

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     (iv) change Section 2.05(c) or otherwise amend this Agreement in any manner
that would permit Letters of Credit having an expiration date later than that specified in
Section 2.05(c) without the written consent of each Lender,

     (v) change Section 2.20(b) or (c) or any other provision providing for
the pro rata nature of disbursements by or payments to Lenders, in a manner that would alter
the pro rata sharing of payments required thereby without the written consent of each Lender
(it being understood that any increase in the total US Tranche Revolving Commitments or
European Tranche Commitments pursuant to Section 2.09 shall not be deemed to alter
such pro rata sharing of payments),

     (vi) change any of the provisions of this Section or the definition of “Required
Lenders” or any other provision of any Loan Document specifying the number or percentage of
Lenders 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,

     (vii) release the Company or all or substantially all of the Subsidiary Guarantors
from, its or their obligations under Article X or the Subsidiary Guarantee Agreement
without the written consent of each Lender,

     (viii) unless otherwise permitted hereunder, release all or substantially all of the
Collateral without the written consent of each Lender,

     (ix) change any provisions of Article IX without the written consent of each
Lender,

     (x) add any additional Subsidiary of the Company as a Borrower under any Tranche
without the written consent of each Lender; or

     (xi) change any provisions of any Loan Document in a manner that by its terms
adversely affects the rights in respect of payments due to Lenders holding Loans of any
Tranche differently than those of Lenders holding Loans of any other Tranche without the
written consent of Lenders holding a majority in interest of the outstanding Loans and
unused Commitments of each adversely affected Tranche;

provided further that (A) no such agreement shall amend, modify or otherwise affect the
rights or duties of any Agent, the Issuing Bank or any Swingline Lender hereunder or under any
other Loan Document without the prior written consent of such Agent, the Issuing Bank or such
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 US Tranche
Lenders (but not the European Tranche Lenders) or the European Tranche Lenders (but not the US
Tranche Lenders) may be effected by an agreement or agreements in writing entered into by the
Company and requisite percentage in interest of the affected Tranche of Lenders. Notwithstanding
the foregoing, any amendment to this Agreement solely for the purpose of effecting an increase in
the total Commitments in any Tranche pursuant to Section 2.09 may be entered into by the
Company and any other relevant Borrower, the Administrative Agent and any other Applicable Agent,
any Lender that has agreed to increase its Commitment in the relevant

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Tranche and any Person that has agreed to become a Lender hereunder and to have a Commitment in the
relevant Tranche.

          (c) The Lenders hereby irrevocably authorize the Administrative Agent to, and the
Administrative Agent shall, release any Liens granted to the Administrative Agent by the Loan
Parties on any Collateral (i) upon the termination of the all Commitments, the expiration or
termination of all Letters of Credit and payment and satisfaction in full in cash of all Secured
Obligations (other than contingent indemnity obligations), (ii) constituting property being sold
or disposed of if the Company certifies to the Administrative Agent that the sale or disposition is
made in compliance with the terms of this Agreement (and the Administrative Agent may rely
conclusively on any such certificate, without further inquiry), (iii) constituting property leased
to the Company or any Subsidiary under a lease which has expired or been terminated in a
transaction permitted under this Agreement, or (iv) as required to effect any sale or other
disposition of such Collateral in connection with any exercise of remedies of the Agents and the
Lenders pursuant to Article VII. Any such release shall not in any manner discharge,
affect, or impair the Obligations or any Liens (other than those expressly being released) upon (or
obligations of the Loan Parties in respect of) all interests retained by the Loan Parties,
including the proceeds of any sale, all of which shall continue to constitute part of the
Collateral.

          SECTION 11.03. Expenses; Indemnity; Damage Waiver. (a) The Company shall pay (i)
all reasonable and documented out-of-pocket expenses incurred by each Agent and its Affiliates,
including the reasonable fees, charges and disbursements of counsel for the Administrative Agent,
in connection with the syndication of the credit facilities provided for herein, the preparation
and administration of this Agreement and the other Loan Documents or any amendments, modifications
or waivers of the provisions hereof or thereof (whether or not the transactions contemplated hereby
or thereby shall be consummated), (ii) all reasonable and documented 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 and (iii) all documented out-of-pocket
expenses incurred by any Agent, the Issuing Bank or any Lender, including the fees, charges and
disbursements of any counsel for any Agent, the Issuing Bank or any Lender, in connection with the
enforcement or protection of its rights in connection with any Loan Document, 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; provided, however, that
in no event shall the Company be required to reimburse the Lenders for more than one counsel to the
Administrative Agent (and up to one local counsel in each applicable jurisdiction and regulatory
counsel) and one counsel for all of the other Lenders (and up to one local counsel in each
applicable jurisdiction and regulatory counsel), unless a Lender or its counsel determines that it
is impractical or inappropriate (or would create actual or potential conflicts of interest) to not
have individual counsel, in which case each Lender may have its own counsel which shall be
reimbursed in accordance with the foregoing.

          (b) The Company shall indemnify each Agent, the Issuing Bank and 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

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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 execution or delivery of
any Loan Document or any agreement or instrument contemplated thereby, the performance by the
parties to the Loan Documents of their respective obligations thereunder or the consummation of the
Transactions or any other 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 or from any property owned or operated by the Company or any of
its Subsidiaries, or any Environmental Liability arising out of the operations or properties of the
Company or any of its Subsidiaries, or (iv) any actual or prospective claim, litigation,
investigation or proceeding relating to any of the foregoing, whether based on contract, tort or
any other theory 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 are determined by a court of competent
jurisdiction by final and nonappealable judgment to have resulted from the gross negligence or
willful misconduct of such Indemnitee.

          (c) To the extent that the Company fails to pay any amount required to be paid by it to any
Agent, the Issuing Bank or any Swingline Lender under paragraph (a) or (b) of this
Section, each Lender severally agrees to pay to such Agent, the Issuing Bank or such Swingline
Lender, 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 such Agent, the Issuing
Bank or such Swingline Lender in its capacity as such; and provided further that
payment of any amount by any Lender pursuant to this paragraph (c) shall not relieve the
Company of its obligation to pay such amount, and such Lender shall have a claim against the
Company for such amount. For purposes hereof, a Lender’s “pro rata share” shall be determined
based upon its share of the sum (without duplication) of the total Exposures and unused Commitments
at the time.

          (d) To the extent permitted by applicable law, no Borrower shall assert, and each Borrower
hereby waives, any claim against any Indemnitee, on any theory of liability, for special, indirect,
consequential or punitive damages (as opposed to direct or actual damages) arising out of, in
connection with, or as a result of, this Agreement, any other Loan Document or any agreement or
instrument contemplated hereby or thereby, the Transactions, 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 10 days after written
demand (accompanied by reasonable back-up documentation) therefor.

          SECTION 11.04. 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) no Borrower may 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 any Borrower without such consent shall be null and void)

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and (ii) no Lender may assign or otherwise transfer its rights or obligations hereunder except
in accordance with this Section. 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 Agents, 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 paragraph (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) of:

     (A) the Company; provided that no consent of the Company shall be
required for an assignment to a Lender, an Affiliate of a Lender, an Approved Fund
or, if an Event of Default has occurred and is continuing, any other assignee; and

     (B) the Administrative Agent and JPMorgan Chase Bank, National Association, for
so long as it constitutes an Issuing Bank; provided that (1) no consent of
the Administrative Agent shall be required for an assignment of a US Tranche Term
Loan to a Lender, an Affiliate of a Lender or Approved Fund and (2) no consent of
the Issuing Bank shall be required for an assignment of a US Tranche Term Loan.

               (ii) Assignments shall be subject to the following additional conditions:

     (A) except in the case of an assignment to a Lender or an Affiliate of a Lender
or an assignment of the entire remaining amount of the assigning Lender’s Commitment
or Loans of any Tranche, 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 the US Dollar Equivalent of $5,000,000 in respect of
Commitments or Loans under any Tranche, unless each of the Company and the
Administrative Agent otherwise consent, provided that no such consent of the
Company 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 shall not be construed to prohibit the assignment
of a proportionate part of all the assigning Lender’s rights and obligations in
respect of one Tranche 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;

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     (D) the assignee, if it is not already a Lender under the applicable Tranche,
hereby represents and warrants for the benefit of the Borrowers, the Agents and the
Lenders that, as of the date of such assignment, it will comply with Section
2.17(e) and (f) with respect to withholding tax on payments by the
Borrowers; and

     (E) the assignee, if it shall not be a Lender, shall deliver to the
Administrative Agent 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 Company and its
Subsidiaries and 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 the purposes of this Section 11.04(b), the term “Approved Fund” has
the following meaning:

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

     (iii) Subject to acceptance and recording thereof pursuant to paragraph
(b)(iv) 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, 2.19 and 11.03). Any assignment or
transfer by a Lender of rights or obligations under this Agreement that does not comply with
this Section 11.04 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 each 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 principal amount of 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 (absent manifest
error), and the Borrowers, the Agents, 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 Company, the other

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Agents, the Issuing Bank and any Lender, at any reasonable time and from time to time
upon reasonable prior notice.

     (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
(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; provided that if either the assigning Lender or the assignee shall have
failed to make any payment required to be made by it pursuant to Section 2.04(c),
2.05(d) or (e), 2.06(b), 2.20(d) or 11.03(c), the
Administrative Agent shall have no obligation to accept such Assignment and Assumption and
record the information therein in the Register unless and until such payment shall have been
made in full, together with all accrued interest thereon. No assignment shall be effective
for purposes of this Agreement unless it has been recorded in the Register as provided in
this paragraph.

          (c) (i) Any Lender may, without the consent of any Borrower, any Agent, the Issuing Bank or
any 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 Borrowers, the Agents, 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 this
Agreement and to approve any amendment, modification or waiver of any provision of this Agreement;
provided that such agreement or instrument may provide that such Lender will not, without
the consent of the Participant, agree to any amendment, modification or waiver described in the
first proviso to Section 11.02(b) that affects such Participant. Subject to paragraph
(c)(ii) of this Section, the Borrowers agree that each Participant shall be entitled to the
benefits of Sections 2.15, 2.16, 2.17 and 2.19 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 11.08 as though it were a Lender, provided such Participant
agrees to be subject to Section 2.20(c) as though it were a Lender.

     (ii) A Participant shall not be entitled to receive any greater payment under
Section 2.15, 2.16, 2.17 or 2.19 than the applicable Lender
would have been entitled to receive with respect to the participation sold to such
Participant, unless the sale of the participation to such Participant is made with the
Company’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 Company is
notified of the participation sold to such Participant and such Participant undertakes, for
the benefit of the Borrowers, to comply with Section 2.17(e) and (f) as
though it were a Lender.

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          (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 without limitation
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.

          (e) Notwithstanding anything in this Section 11.04 to the contrary, no Participant
shall obtain any rights to enforce any provision of this Agreement against the Company or any
Borrower unless and until the Participant furnishes the Company identifying information reasonably
satisfactory to the Company and agrees to be identified in the Register with respect to its
participation in the same manner as Loans and Commitments are maintained in the Register hereunder.

          SECTION 11.05. 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 any 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 or any other Loan Document is
outstanding and unpaid or any Letter of Credit is outstanding and so long as the Commitments have
not expired or terminated. The provisions of Sections 2.15, 2.16, 2.17,
2.19 and 11.03 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 other Loan Document or any provision hereof or thereof.

          SECTION 11.06. 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 Agents 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 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 shall be effective as
delivery of a manually executed counterpart of this Agreement.

          SECTION 11.07. Severability. Any provision of this Agreement held to be invalid,
illegal or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to

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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 11.08. Right of Setoff. If an Event of Default shall have occurred and be
continuing, each Lender and each of its 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 and in whatever currency denominated) at any time
held and other obligations at any time owing by such Lender or Affiliate to or for the credit or
the account of any Borrower against any of and all the Secured Obligations of such Borrower now or
hereafter existing and held by such Lender, irrespective of whether or not such Lender shall have
made any demand under this Agreement and although such obligations may be unmatured. The rights of
each Lender under this Section are in addition to other rights and remedies (including other rights
of setoff) which such Lender may have.

          SECTION 11.09. 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.

          (b) Each Borrower hereby irrevocably and unconditionally submits, for itself and its
property, to the nonexclusive 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 binding (subject to appeal as provided by applicable law) 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 any 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 any Borrower or its properties in the courts of any
jurisdiction.

          (c) Each 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.

          (d) Each party to this Agreement irrevocably consents to service of process in the manner
provided for notices in Section 11.01, and each of the Borrowers hereby appoints the
Company as its agent for service of process. 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.

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          SECTION 11.10. 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 (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.

          SECTION 11.11. 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 11.12. Confidentiality. Each of the Agents, 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 Participant in, any of its rights
or obligations under this Agreement or (ii) any actual or prospective counterparty (or its
advisors) to any swap or derivative transaction relating to any Borrower and its obligations, (g)
with the consent of the Company 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 any
Agent, the Issuing Bank or any Lender on a nonconfidential basis from a source other than the
Company. For the purposes of this Section, “Information” means all information received
from the Company relating to the Company or its business, other than any such information that is
available to any Agent, the Issuing Bank or any Lender on a nonconfidential basis prior to
disclosure by the Company; provided that, in the case of information received from the
Company after the date hereof, such information is clearly identified at the time of delivery as
confidential. Any Person required to maintain the confidentiality of Information as provided in
this Section shall be considered to have complied with its obligation to do so if such Person has
exercised the same degree of care to maintain the confidentiality of such Information as such
Person would accord to its own confidential information.

          EACH LENDER ACKNOWLEDGES THAT INFORMATION AS DEFINED IN SECTION 11.12 FURNISHED TO IT
PURSUANT TO THIS AGREEMENT MAY

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INCLUDE MATERIAL NON-PUBLIC INFORMATION CONCERNING THE COMPANY AND ITS AFFILIATES OR THEIR
RESPECTIVE 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 THOSE PROCEDURES AND APPLICABLE LAW, INCLUDING FEDERAL AND STATE SECURITIES LAWS.

          ALL INFORMATION, INCLUDING REQUESTS FOR WAIVERS AND AMENDMENTS, FURNISHED BY THE COMPANY 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 COMPANY
AND ITS AFFILIATES, AND THEIR RESPECTIVE SECURITIES. ACCORDINGLY, EACH LENDER REPRESENTS TO THE
COMPANY 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.

          SECTION 11.13. Conversion of Currencies.

          (a) If, for the purpose of obtaining judgment in any court, it is necessary to convert a sum
owing hereunder in one currency into another currency, each party hereto agrees, to the fullest
extent that it may effectively do so, that the rate of exchange used shall be that at which in
accordance with normal banking procedures in the relevant jurisdiction the first currency could be
purchased with such other currency on the Business Day immediately preceding the day on which final
judgment is given.

          (b) The obligations of each Borrower in respect of any sum due to any party hereto or any
holder of the obligations owing hereunder (the “Applicable Creditor”) shall,
notwithstanding any judgment in a currency (the “Judgment Currency”) other than the
currency in which such sum is stated to be due hereunder (the “Agreement Currency”), be
discharged only to the extent that, on the Business Day following receipt by the Applicable
Creditor of any sum adjudged to be so due in the Judgment Currency, the Applicable Creditor may in
accordance with normal banking procedures in the relevant jurisdiction purchase the Agreement
Currency with the Judgment Currency; if the amount of the Agreement Currency so purchased is less
than the sum originally due to the Applicable Creditor in the Agreement Currency, such Borrower
agrees, as a separate obligation and notwithstanding any such judgment, to indemnify the Applicable
Creditor against such loss. The obligations of the Borrowers contained in this Section
11.13 shall survive the termination of this Agreement and the payment of all other amounts
owing hereunder.

          SECTION 11.14. USA Patriot Act; European “Know Your Customer” Checks.

          (a) Each Lender that is subject to the requirements of the USA Patriot Act (Title III of Pub.
L. 107-56 (signed into law October 26, 2001)) (the “Act”) hereby notifies each Borrower
that pursuant to the requirements of the Act, it is required to obtain, verify and record

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information that identifies such Borrower, which information includes the name and address of
such Borrower and other information that will allow such Lender to identify such Borrower in
accordance with the Act.

          (b) If (i) the introduction of or any change in (or in the interpretation, administration or
application of) any law or regulation made after the date of this Agreement; (ii) any change in the
status of a Borrower after the date of this Agreement; or (iii) a proposed assignment or transfer
by a Lender of any of its rights and obligations under this Agreement to a party that is not a
Lender prior to such assignment or transfer, obliges the European Agent or any Lender (or, in the
case of paragraph (iii) above, any prospective new Lender) to comply with “know your
customer” or similar identification procedures in circumstances where the necessary information is
not already available to it, each Borrower shall promptly upon the request of the European Agent or
any Lender supply, or procure the supply of, such documentation and other evidence as is reasonably
requested by the European Agent (for itself or on behalf of any Lender) or any Lender (for itself
or, in the case of the event described in paragraph (iii) above, on behalf of any
prospective new Lender) in order for the European Agent, such Lender or, in the case of the event
described in paragraph (iii) above, any prospective new Lender to carry out and be
satisfied it has complied with all necessary “know your customer” or other similar checks under all
applicable laws and regulations pursuant to the transactions contemplated in this Agreement and the
other Loan Documents. Each Lender shall promptly upon the request of the European Agent supply, or
procure the supply of, such documentation and other evidence as is reasonably requested by the
European Agent (for itself) in order for the European Agent to carry out and be satisfied it has
complied with all necessary “know your customer” or other similar checks under all applicable laws
and regulations pursuant to the transactions contemplated in this Agreement and the other Loan
Documents.

          SECTION 11.15. English Language. All certificates, instruments and other documents
to be delivered under or supplied in connection with this Agreement shall be in the English
language or shall attach a certified English translation thereof, which translation shall be the
governing version. Within one month of the delivery of any financial statements or other
information written in a language other than English, the Company shall deliver to the
Administrative Agent and the Lenders sufficient copies for all the Lenders of an English
translation of such financial statements.

          SECTION 11.16. Appointment for Perfection. Each Lender hereby appoints each other
Lender as its agent for the purpose of perfecting Liens, for the benefit of the Administrative
Agent and the Holders of Secured Obligations, in assets which, in accordance with Article 9 of the
UCC or any other applicable law can be perfected only by possession. Should any Lender (other than
the Administrative Agent) obtain possession of any such Collateral, such Lender shall notify the
Administrative Agent thereof, and, promptly upon the Administrative Agent’s request therefor shall
deliver such Collateral to the Administrative Agent or otherwise deal with such Collateral in
accordance with the Administrative Agent’s instructions.

          SECTION 11.17. Borrower Limitations. Other than the Company, each Borrower shall
only be liable for its Obligations (including, without limitation, Loans extended to it) and shall
not be liable for any other Borrower’s Obligations. The Company shall be liable

107

 

for all of the Borrowers’ Obligations. Each Subsidiary Guarantor shall guaranty the repayment
of all Obligations, irrespective of the Borrower that incurs such Obligations.

ARTICLE XII

No Novation; References to this Agreement in Loan Documents

          SECTION 12.01. No Novation. It is the express intent of the parties hereto that
this Agreement (i) shall re-evidence the Company’s indebtedness under the Existing Credit
Agreement, (ii) is entered into in substitution for, and not in payment of, the obligations of the
Company under the Existing Credit Agreement, and (iii) is in no way intended to constitute a
novation of any of the Company’s indebtedness which was evidenced by the Existing Credit Agreement
or any of the other Loan Documents.

          SECTION 12.02. References to This Agreement In Loan Documents. Upon the
effectiveness of this Agreement, on and after the date hereof, each reference in any other Loan
Document to the Existing Credit Agreement (including any reference therein to “the Credit
Agreement,” “thereunder,” “thereof,” “therein” or words of like import referring thereto) shall
mean and be a reference to this Agreement.

The remainder of this page is intentionally blank.

108

 

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

	 	 	 	 	 
	 

	 	INSIGHT ENTERPRISES, INC.,	 	 
	 

	 	as the Company	 	 
	 
	 	 	 	 
	 

	 	By: /s/ Richard A. Fennessy
 

	 	 
	 

	 	Name: Richard A. Fennessy	 	 
	 

	 	Title: Chief Executive Officer	 	 
	 
	 	 	 	 
	 

	 	INSIGHT DIRECT (UK) LTD.,	 	 
	 

	 	as the UK Borrower	 	 
	 
	 	 	 	 
	 

	 	By: /s/ Richard A. Fennessy
 

	 	 
	 

	 	Name: Richard A. Fennessy	 	 
	 

	 	Title: Director	 	 

Signature Page to

Amended and Restated Credit Agreement

 

 

	 	 	 	 	 
	 

	 	JPMORGAN CHASE BANK, NATIONAL ASSOCIATION,	 	 
	 

	 	as a Lender and as Administrative Agent	 	 
	 
	 	 	 	 
	 

	 	By: /s/ Steven J. Krakoski
 

	 	 
	 

	 	Name: Steven J. Krakoski	 	 
	 

	 	Title: Senior Vice President
	 	 
	 
	 	 	 	 
	 

	 	J.P. MORGAN EUROPE LIMITED,	 	 
	 

	 	as a Lender and as European Agent	 	 
	 
	 	 	 	 
	 

	 	By: /s/ Paul F. Hogan
 

	 	 
	 

	 	Name: Paul F. Hogan	 	 
	 

	 	Title: Vice President	 	 

 

 

	 	 	 	 	 
	 

	 	LASALLE BANK NATIONAL ASSOCIATION,	 	 
	 

	 	as a Lender and as Syndication Agent	 	 
	 
	 	 	 	 
	 

	 	By: /s/ Nate Palmer
 

	 	 
	 

	 	Name: Nate Palmer	 	 
	 

	 	Title: Vice President	 	 

 

 

	 	 	 	 	 
	 

	 	U.S. BANK NATIONAL ASSOCIATION,	 	 
	 

	 	as a Lender and as Documentation Agent	 	 
	 
	 	 	 	 
	 

	 	By: /s/ Scott J. Bell
 

	 	 
	 

	 	Name: Scott J. Bell	 	 
	 

	 	Title: Senior Vice President	 	 

 

 

	 	 	 	 	 
	 

	 	HSBC BANK USA, NATIONAL ASSOCIATION,	 	 
	 

	 	as a Lender	 	 
	 
	 	 	 	 
	 

	 	By: /s/ Steven F. Larsen
 

	 	 
	 

	 	Name: Steven F. Larsen	 	 
	 

	 	Title: First Vice President	 	 

 

 

	 	 	 	 	 
	 

	 	WELLS FARGO BANK, NATIONAL ASSOCIATION,	 	 
	 

	 	as a Lender	 	 
	 
	 	 	 	 
	 

	 	By: /s/ Timothy J. Dillingham
 

	 	 
	 

	 	Name: Timothy J. Dillingham	 	 
	 

	 	Title: Vice President	 	 

 

 

	 	 	 	 	 
	 

	 	COMERICA WEST INCORPORATED, as a Lender	 	 
	 
	 	 	 	 
	 

	 	By: /s/ Fatima Arshad
 

	 	 
	 

	 	Name: Fatima Arshad	 	 
	 

	 	Title: Corporate Banking Representative	 	 

 

 

	 	 	 	 	 
	 

	 	CALYON NEW YORK BRANCH, as a Lender	 	 
	 
	 	 	 	 
	 

	 	By: /s/ Dianne M. Scott
 

	 	 
	 

	 	Name: Dianne M. Scott	 	 
	 

	 	Title: Managing Director	 	 
	 
	 	 	 	 
	 

	 	By: /s/ F. Frank Herrerra
 

	 	 
	 

	 	Name: F. Frank Herrerra	 	 
	 

	 	Title: Director

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