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Exhibit 4.2    
    

 
 

REGISTRATION RIGHTS AGREEMENT    
    

        This Registration Rights Agreement (this "Agreement") is made and entered into as of June 23, 2006, by and
among DataPath, Inc., a Georgia corporation (together with any successor entity thereto, the "Company"), the existing beneficial holders of the
Company's common stock, no par value per share (the "Common Stock") (including their successors and assigns) and the other signatories hereto (including
their successors and assigns) (collectively, the "Existing Holders"). 

        This
Agreement is being executed in contemplation of the proposed purchase and sale or placement of shares of the Company's Common Stock (the "Private
Placement") pursuant to a Purchase/Placement Agreement (the "Purchase/Placement Agreement") to be entered into by and among the
Company and Friedman, Billings, Ramsey & Co., Inc. ("FBR"), as Initial Purchaser and/or Placement
Agent. In connection with the Purchase/Placement Agreement, the Company has agreed to enter into a registration rights agreement with FBR (the "Private Placement Registration
Rights Agreement"), for the benefit of FBR, the purchasers of the Company's Common Stock in the Private Placement (the
"Participants"), and the direct and indirect transferees of FBR and each of the Participants. This Agreement sets forth the terms and conditions
pursuant to which Existing Holder Registrable Shares (as hereinafter defined) held by the Existing Holders could be included an IPO Registration Statement (as hereinafter defined), if and when filed
by the Company. 

        The
parties hereby agree as follows: 

1.    Definitions    

        As
used in this Agreement, the following terms shall have the following meanings: 

        Accredited Investor Shares:    Shares initially sold by the Company to "accredited investors" (within the meaning of Rule 501(a)
promulgated
under the Securities Act) as Participants. 

         Agreement:    As defined in the preamble. 

         Affiliate:    As to any specified Person, (i) any Person directly or indirectly owning, controlling or holding, with power to vote,
ten percent
(10%) or more of the outstanding voting securities of such other Person, (ii) any Person ten percent (10%) or more of whose outstanding voting securities are directly or indirectly owned,
controlled or held, with power to vote, by such other Person, (iii) any Person directly or indirectly controlling, controlled by or under common control with such other Person, (iv) any
executive officer, director, trustee or general partner of such Person and (v) any legal entity for which such Person acts as an executive officer, director, trustee or general partner. 

         Business Day:    With respect to any act to be performed hereunder, each Monday, Tuesday, Wednesday, Thursday and Friday that is not a day
on which
banking institutions in New York, New York or other applicable places where such act is to occur are authorized or obligated by applicable law, regulation or executive order to close. 

        Commission:    The Securities and Exchange Commission. 

         Common Stock:    As defined in the preamble. 

         Company:    As defined in the preamble. 

         Controlling Person:    As defined in Section 6(a) hereof. 

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         Exchange Act:    The Securities Exchange Act of 1934, as amended, and the rules and regulations promulgated by the Commission pursuant
thereto. 

         Existing Holders.    As defined in the preamble. 

        Existing Holder Registrable Shares.    Shares held by Existing Holders (other than shares of Common Stock, if any, purchased by Existing
Holders in the
Private Placement) that are eligible to be included in the IPO, pursuant to the terms of this Agreement, at the Existing Holder's request (subject to complete cutback of any or all such shares by the
managing underwriter in the IPO (and any other terms such managing underwriter may require) in such managing underwriter's sole and absolute discretion), including any such shares received upon
transfer thereof by the original holder or any subsequent holder and any shares or other securities issued in respect of such Existing Holder Registrable Shares by reason of or in connection with any
stock dividend, stock distribution, stock split, purchase in any rights offering or in connection with any exchange for or replacement of such Existing Holder Registrable Shares or any combination of
shares, recapitalization, merger or consolidation, or any other equity securities issued pursuant to any other pro rata distribution with respect to the Common Stock, until, in the case of any such
Existing Holder Registrable Shares, the earliest to occur of (i) the closing of the IPO (whether or not Existing Holder Registrable Shares have been offered or sold pursuant to the IPO
Registration Statement) and (ii) the date on which all such Existing Holder Registrable Shares held by such Existing Holder may be sold in a three-month period without registration under the
Securities Act pursuant to Rule 144 under the Securities Act. 

        FBR:    As defined in the preamble. 

         Indemnified Party:    As defined in Section 6(c) hereof. 

         Indemnifying Party:    As defined in Section 6(c) hereof. 

         IPO:    As defined in Section 2(a) hereof. 

        IPO Registration Statement:    The registration statement of the Company relating to the IPO (which may or may not include the resale of
Private
Placement Registrable Shares and/or Existing Holder Registrable Shares pursuant to the provisions of this Agreement), including the Prospectus, amendments and supplements to such registration
statement or Prospectus, including pre- and post-effective amendments, all exhibits thereto and all material incorporated by reference or deemed to be incorporated by
reference, if any, in such registration statement. 

         IPO Registration Statement:    As defined in Section 2(a) hereof. 

        Issuer Free Writing Prospectus:    As defined in Section 2(b) hereof. 

         Liabilities:    As defined in Section 6(a) hereof. 

         NASD:    The National Association of Securities Dealers, Inc. 

         Participant:    As defined in the preamble. 

        Person:    An individual, partnership, corporation, trust, unincorporated organization, government or agency or political subdivision
thereof, or any
other legal entity. 

         Private Placement:    As defined in the preamble. 

         Private Placement Holder.    Each record owner of any Private Placement Registrable Shares from time to time, including, but not limited
to, FBR and its
affiliates. 

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         Private Placement Registrable Shares:    Rule 144A Shares, the Accredited Investor Shares and the Regulation S Shares, upon
original
issuance thereof, and at all times subsequent thereto, including upon the transfer thereof by the original holder or any subsequent holder and any shares or other securities issued in respect of such
Private Placement Registrable Shares by reason of or in connection with any stock dividend, stock distribution, stock split, purchase in any rights offering or in connection with any exchange for or
replacement of such Private Placement Registrable Shares or any combination of shares, recapitalization, merger or consolidation, or any other equity securities issued pursuant to any other pro rata
distribution with respect to the Common Stock, until, in the case of any such Rule 144A Share, Accredited Investor Share or Regulation S Share, the earliest to occur of (i) the
date on which the resale of such share has been registered pursuant to the Securities Act and it has been disposed of in accordance with the Registration Statement relating to it, (ii) the date
on which either it has been transferred pursuant to Rule 144 (or any similar provision then in effect) or is saleable pursuant to Rule 144(k) promulgated by the Commission pursuant to
the Securities Act or (iii) the date on which it is sold to the Company. 

        Private Placement Registration Rights Agreement.    As defined in the preamble. 

         Proceeding:    An action, claim, suit or proceeding (including without limitation, an investigation or partial proceeding, such as a
deposition),
whether commenced or, to the knowledge of the Person subject thereto, threatened. 

         Prospectus:    The prospectus included in the IPO Registration Statement, including any preliminary prospectus, and all other amendments
and supplements
to any such prospectus, including post-effective amendments, and all material incorporated by reference or deemed to be incorporated by reference, if any, in such prospectus. 

         Purchase/Placement Agreement:    As defined in the preamble. 

         Purchaser Indemnitee:    As defined in Section 6(a) hereof. 

         Registration Expenses:    Any and all expenses incident to the performance of or compliance with this Agreement, including, without
limitation:
(i) all Commission, securities exchange, NASD registration, listing, inclusion and filing fees, (ii) all fees and expenses incurred in connection with compliance with
international, federal or state securities or blue sky laws (including, without limitation, any registration, listing and filing fees and fees and disbursements of counsel in connection with blue sky
qualification of any of the Private Placement Registrable Shares or the Existing Holder Registrable Shares and the preparation of a blue sky memorandum and compliance with the rules of the NASD),
(iii) all expenses in preparing or assisting in preparing, word processing, duplicating, printing, delivering and distributing the IPO Registration Statement, any Prospectus, any amendments or
supplements thereto, any underwriting agreements, securities sales agreements, certificates and any other documents relating to the performance under and compliance with this Agreement, and
(iv) any fees and disbursements customarily paid in issues and sales of securities (including the fees and expenses of any experts retained by the Company in connection with the IPO
Registration Statement); provided, however, that Registration Expenses shall exclude brokers' or underwriters' discounts and commissions, if any,
relating to the sale or disposition of the Private Placement Registrable Shares or Existing Holder Registrable Shares by a holder of such shares in the IPO. 

         Regulation S:    Regulation S (Rules 901-905) promulgated by the Commission under the Securities Act, as such rules may
be amended from time to time, or any similar rule or regulation hereafter adopted by the Commission as a replacement thereto having substantially the same effect as such regulation. 

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         Regulation S Shares:    Shares initially resold by FBR pursuant to the Purchase/Placement Agreement to "non-U.S. persons" (in
accordance with Regulation S) in an "offshore transaction" (in accordance with Regulation S). 

        Rule 144:    Rule 144 promulgated by the Commission pursuant to the Securities Act, as such rule may be amended from time to time,
 or any
similar rule or regulation hereafter adopted by the Commission as a replacement thereto having substantially the same effect as such rule. 

         Rule 144A:    Rule 144A promulgated by the Commission pursuant to the Securities Act, as such rule may be amended from time to
time, or
any similar rule or regulation hereafter adopted by the Commission as a replacement thereto having substantially the same effect as such rule. 

        Rule 144A Shares:    Shares initially resold by FBR pursuant to the Purchase/Placement Agreement to "qualified institutional buyers"
(as such
term is defined in Rule 144A). 

         Rule 158:    Rule 158 promulgated by the Commission pursuant to the Securities Act, as such rule may be amended from time to
time, or any
similar rule or regulation hereafter adopted by the Commission as a replacement thereto having substantially the same effect as such rule. 

        Securities Act:    The Securities Act of 1933, as amended, and the rules and regulations promulgated by the Commission thereunder.

         Underwritten Offering:    A sale of securities of the Company to an underwriter or underwriters for reoffering to the public. 

2.    Registration Rights    

 
 

          (a)    IPO Registration.     If the Company proposes to file a registration statement (the "IPO Registration Statement") on
Form S-1 or such other form under the Securities Act providing for the initial public offering (the "IPO") of shares of its Common
Stock and the managing underwriters intend to permit the sale of any Existing Holder Registrable Securities pursuant thereto, then (and only then) the Company will notify in writing each Existing
Holder of the filing of such IPO Registration Statement, within the ten (10) Business Days after the filing thereof, and afford each such holder an opportunity by the time designated in the
notice to include in the IPO Registration Statement all or any part of the Existing Holder Registrable Shares then held by such holder; provided,
however, to the extent an Existing Holder requests inclusion of Existing Holder Registrable Shares in the IPO Registration Statement, the inclusion of such Existing Holder
Registrable Shares for resale in the IPO offering shall be subject to complete cutback of any or all such shares by the managing underwriter for the IPO (and any other terms such managing underwriter
may require) in such managing underwriter's sole and absolute discretion; provided, further, that if sales of any Existing Holder Registrable Shares
held by Existing Holders are permitted in the IPO, such sales shall be made on a pro rata basis (based on the total number of Existing Holder
Registrable Shares then held by such Existing Holder who is requesting inclusion) and on substantially identical terms as between all Existing Holders. Each Existing Holder desiring to include in the
IPO Registration Statement all or part of the Existing Holder Registrable Shares held by such holder shall, within twenty (20) days after receipt of the above-described notice from the Company,
so notify the Company in writing, and in such notice shall inform the Company of the number of Existing Holder Registrable Shares such holder wishes to include in the IPO Registration Statement. 

        (i)    Right to Terminate IPO Registration.    The Company shall have the right to terminate or withdraw the IPO
Registration Statement initiated by it referred to in this Section 2(a) prior to the effectiveness of such registration whether or not any Existing Holder has elected to include Existing Holder
Registrable Shares in such registration, and such termination or withdrawal shall 

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not
create any additional rights for the Existing Holders or create any additional obligations of the Company to such Existing Holders. 

        (ii)    Selection of Underwriter.    The Company shall have the sole right to select the managing underwriter(s) for
its initial public offering, regardless of whether any Existing Holder Registrable Shares are included in the IPO Registration Statement or otherwise. 

        (iii)    Shelf Registration not Impacted by IPO Registration Statement.    The Company's obligation to file the Shelf
Registration Statement pursuant to Section 2(a) of the Private Placement Registration Rights Agreement shall not be affected by the filing or effectiveness of the IPO Registration Statement. 

 
 

           (b)    Issuer Free Writing Prospectus.     The Company represents and agrees that, unless it obtains the
prior consent of the managing underwriter in connection with the IPO, and each Existing Holder
represents and agrees that, unless it obtains the prior consent of the Company and any such underwriter, it will not make any offer relating to the Shares that would constitute an "issuer free writing
prospectus," as defined in Rule 433 (an "Issuer Free Writing Prospectus"), or that would otherwise constitute a "free writing prospectus," as
defined in Rule 405, required to be filed with the Commission. The Company represents that any Issuer Free Writing Prospectus will not include any information that conflicts with the
information contained in the IPO Registration Statement or the related Prospectus and, any Issuer Free Writing Prospectus, when taken together with the information in the IPO Registration Statement
and the related Prospectus, will not include any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein, in the light of the
circumstances under which they were made, not misleading. 

 
 

           (c)    Underwriting.     The Company shall advise all Existing Holders of the underwriter for the
Underwritten Offering proposed under the IPO Registration Statement. The right of any
such Existing Holder's Registrable Shares to be included in the IPO Registration Statement pursuant to Section 2(a) shall be conditioned upon such holder's participation in such underwriting
and the inclusion of such holder's Existing Holder Registrable Shares in the underwriting to the extent provided herein. All holders proposing to distribute their Existing Holder Registrable Shares
through such underwriting shall enter into an underwriting agreement in customary form with the managing underwriter(s) selected for such underwriting and complete and execute any questionnaires,
powers of attorney, indemnities, securities escrow agreements and other documents reasonably required under the terms of such underwriting, and furnish to the Company such information as the Company
may reasonably request in writing for inclusion in the IPO Registration Statement; provided, however, that no Existing Holder shall be required to make
any representations or warranties to or agreements with the Company or the underwriters other than representations, warranties or agreements regarding such Existing Holder and certain reasonable
representations customarily given in an initial public offering by a selling shareholder, including, but not limited to, as to title, authority and such holder's intended method of distribution and
any other representation required by law or reasonably requested by the underwriters. Notwithstanding any other provision of this Agreement, if the managing underwriter(s) determine(s) in good faith
that marketing (or other) factors require a limitation on the number of shares to be included, then the managing underwriter(s) may exclude shares (including any or all Existing Holder Registrable
Shares) from the IPO Registration Statement and Underwritten Offering, and any shares included in such IPO Registration Statement and Underwritten Offering shall be allocated  first, to the Company,
second, to each of the Private Placement Holders requesting inclusion of their
Private Placement Registrable Shares in such IPO Registration Statement pursuant to the terms of the Private Placement Registration Rights Agreement, and  third, to each of the Existing Holders
requesting inclusion of their Existing Holder Registrable Shares in such IPO Registration Statement (on a pro
rata basis based on the total number of Existing Holder Registrable Shares then held by such Existing Holder who is requesting inclusion); provided,
however, that the number of Private Placement Registrable Shares to be included in the IPO Registration Statement shall not be reduced (except 

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pursuant
to the terms of the Private Placement Registration Rights Agreement) and the Existing Holders acknowledge and agree that all other securities of the Company, including: (i) any
Existing Holder Registrable Shares, (ii) shares held by officers, directors, other employees of the Company and consultants; and (iii) shares held by other holders of the Company's
capital stock with registration rights that are inferior (with respect to such reduction) to the registration rights of the Private Placement Holders may be entirely excluded from the underwriting and
registration. 

        Other
than as to Existing Holder Registrable Shares to be included in the IPO Registration Statement, the Existing Holder of such Existing Holder Registrable Shares agrees not to effect
any public sale or distribution of securities of the Company of the same or similar class or classes of the securities included in the IPO Registration Statement or any securities convertible into or
exchangeable or exercisable for such securities (including a sale pursuant to Rule 144 or Rule 144A under the Securities Act) for the period of one hundred eighty (180) days
following the effective date of the IPO Registration Statement and agrees to enter into the managing underwriter's standard and customary form of lock-up agreement in connection with the
IPO pursuant to Section 7 herein. 

        If
any Existing Holder disapproves of the terms of any such underwriting, such holder may elect to withdraw therefrom by written notice to the Company and the managing underwriter(s),
delivered at least ten (10) Business Days prior to the effective date of the IPO Registration Statement. Any Existing Holder Registrable Shares excluded or withdrawn from such underwriting
shall be excluded and withdrawn from the registration. 

 
 
        (d)    Expenses.     The Company shall pay all Registration Expenses in connection with the registration of the
Existing Holder Registrable Shares pursuant to this Agreement, as
applicable. Each Existing Holder participating in the IPO registration pursuant to this Section 2 shall bear such holder's proportionate share (based on the total number of Existing Holder
Registrable Shares sold in such registration) of all discounts and commissions payable to underwriters or brokers in connection with a registration of Existing Holder Registrable Shares pursuant to
this Agreement. 

3.    Rules 144 and 144A Reporting    

        With
a view to making available the benefits of certain rules and regulations of the Commission that may at any time permit the sale of the Existing Holder Registrable Shares to the
public without registration, the Company agrees to: 

        (a)   make
and keep public information available, as those terms are understood and defined in Rule 144 under the Securities Act, at all times after the effective date
of the first registration statement under the Securities Act filed by the Company for an offering of its securities to the general public; 

        (b)   use
commercially reasonable efforts to file with the Commission in a timely manner all reports and other documents required to be filed by the Company under the
Securities Act and the Exchange Act (at any time after it has become subject to such reporting requirements); 

        (c)   so
long as a Existing Holder owns any Existing Holder Registrable Shares, if the Company is not required to file reports and other documents under the Securities Act and
the Exchange Act, it will make available other information as required by, and so long as necessary to permit sales of Existing Holder Registrable Shares pursuant to, Rule 144 or
Rule 144A, and in any event shall make available (either by mailing a copy thereof, by posting on the Company's website, or by press release) to each Existing Holder a copy of: 

          (i)  the
Company's annual consolidated financial statements (including at least balance sheets, statements of profit and loss, statements of stockholders' equity and
statements of cash flows) prepared in accordance with U.S. generally accepted accounting principles, accompanied by an audit report of the Company's independent accountants, no later than ninety
(90) days after the end of each fiscal year of the Company; and 

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         (ii)  the
Company's unaudited quarterly financial statements (including at least balance sheets, statements of profit and loss, statements of stockholders' equity and
statements of cash flows) prepared in a manner substantially consistent with the preparation of the Company's annual financial statements, no later than forty-five (45) days after
the end of each fiscal quarter of the Company; and 

        (d)   at
any time after it has become subject to the reporting requirements of the Exchange Act, so long as an Existing Holder owns any Existing Holder Registrable Shares, to
furnish to the Existing Holder promptly upon request (i) a written statement by the Company as to its compliance with the reporting requirements of Rule 144 (at any time after ninety
(90) days after the effective date of the first registration statement filed by the Company for an offering of its securities to the general public), and of the Securities Act and the Exchange
Act and (ii) a copy of the most recent annual or quarterly report of the Company and such other reports and documents of the Company as such holder may reasonably request in availing itself of
any rule or regulation of the Commission allowing such holder to sell any such Existing Holder Registrable Shares without registration. 

4.    Registration Procedures    

        Subject
to the terms of this Agreement, and subject to the obligations of the Company under the Private Placement Registration Rights Agreement, the Company shall use its commercially
reasonable efforts to effect or cause to be effected the offering of such Existing Holder Registrable Shares pursuant to the IPO Registration Statement and, in this regard, the Company shall: 

        (a)   use
its commercially reasonable efforts to furnish to each holder of Existing Holder Registrable Shares covered by the IPO Registration Statement and the underwriters a
signed counterpart, addressed to each such holder and the underwriters, of: (i) an opinion of counsel for the Company, dated the date of each closing under the underwriting agreement,
reasonably satisfactory to such holder and the underwriters; and (ii) a "comfort" letter, dated the effective date of the IPO Registration Statement and the date of each closing under the
underwriting agreement, signed by the independent public accountants who have certified the Company's financial statements included in the IPO Registration Statement, covering substantially the same
matters with respect to the IPO Registration Statement (and the Prospectus included therein) and with respect to events subsequent to the date of such financial statements, as are customarily covered
in accountants' letters delivered to underwriters in
underwritten public offerings of securities and such other financial matters as such holder and the underwriters may reasonably request; 

        (b)   enter
into customary agreements (including an underwriting agreement in customary form) and take all other action in connection therewith in order to expedite or
facilitate the distribution of any Existing Holder Registrable Shares included in the IPO Registration Statement and make representations and warranties to the holders covered by the IPO Registration
Statement and to the underwriters in such form and scope as are customarily made by issuers to underwriters in underwritten offerings and confirm the same to the extent customary if and when
requested; 

        (c)   (i) otherwise
use its commercially reasonable efforts to comply with all applicable rules and regulations of the Commission and (ii) make generally
available to its shareholders, as soon as reasonably practicable, earnings statements covering at least 12 months that satisfy the provisions of Section 11(a) of the Securities Act and
Rule 158 (or any similar rule promulgated under the Securities Act) thereunder, but in no event later than forty-five (45) days after the end of each fiscal year of the
Company; 

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        (d)   provide
and cause to be maintained a registrar and transfer agent for all registrable shares covered by the IPO Registration Statement from and after a date not later
than the effective date of such IPO Registration Statement; and 

        (e)   in
connection with any sale or transfer of the Existing Holder Registrable Shares (whether or not pursuant to the IPO Registration Statement) that will result in the
security being delivered no longer being Existing Holder Registrable Shares, cooperate with the holders and the representative of the underwriters, if any, to facilitate the timely preparation and
delivery of certificates representing the Existing Holder Registrable Shares to be sold, which certificates shall not bear any transfer restrictive legends and to enable such shares of Common Stock to
be in such denominations and registered in such names as the representative of the underwriters, if any, or the holders may request. 

        The
Company may require the Existing Holders to furnish to the Company such information regarding the proposed distribution by such holder of such Existing Holder Registrable Shares as
the Company may from time to time reasonably request in writing or as shall be required to effect the registration of such shares, and no holder shall be entitled to be named as a selling stockholder
in the IPO Registration Statement and no holder shall be entitled to use the Prospectus forming a part thereof if such holder does not provide such information to the Company. Each Existing Holder
further agrees to furnish promptly to the Company in writing all information required from time to time to make the information previously furnished by such holder not misleading. 

5.    Existing and Proposed Registration Rights.    The Company represents and
warrants that, as of the date hereof, there are no outstanding registration rights with respect to the Common Stock. The Existing Holders expressly acknowledge and agree that, in connection with the
Private Placement, (i) the Company will enter into the Private Placement Registration Rights Agreement with FBR and (ii) the rights of the Existing Holders pursuant to this Agreement
shall in all respects be subject to, and subordinate to, the provisions of the Private Placement Registration Rights Agreement. In the event of an inconsistency or conflict between a provision of this
Agreement and the Private Placement Registration Rights Agreement, the terms of the Private Placement Registration Rights Agreement shall govern. 

6.    Indemnification and Contribution    

        (a)   The
Company agrees to indemnify and hold harmless (i) each holder of Existing Holder Registrable Shares and any underwriter (as determined in the Securities Act)
for such holder (including, if applicable, FBR), (ii) each Person, if any, who controls (within the meaning of Section 15 of the Securities Act or Section 20(a) of the Exchange
Act) any such Person described in clause (i) (any of the Persons referred to in this clause (ii) being hereinafter referred to as a "Controlling
Person"), and (iii) the respective officers, directors, partners, employees, representatives and agents of any such Person or any Controlling Person (any Person referred
to in clause (i), (ii) or (iii) may hereinafter be referred to as a "Purchaser Indemnitee"), to the fullest extent lawful, from and
against any and all losses, claims, damages, judgments, actions, out-of-pocket expenses, and other liabilities (the
"Liabilities"), including without limitation and as incurred, reimbursement of all reasonable costs of investigating, preparing, pursuing or defending
any claim or action, or any investigation or proceeding by any governmental agency or body, commenced or threatened, including the reasonable fees and expenses of counsel to any Purchaser Indemnitee,
joint or several, directly or indirectly related to, based upon, arising out of or in connection with any untrue statement or alleged untrue statement of a material fact contained in the IPO
Registration Statement (or any amendment thereto), any Prospectus (or any amendment or supplement thereto) or any Issuer Free Writing Prospectus (or any amendment or supplement thereto), or any
preliminary Prospectus or any other document used to sell the Existing Holder Registrable Shares, or any omission or alleged omission to state therein a material fact required to be stated therein or
necessary to make the statements therein, in the light of the circumstances 

9

 

under
which they were made, not misleading, except insofar as such Liabilities arise out of or are based upon any untrue statement or omission or alleged untrue statement or omission made in reliance
upon and in conformity with information relating to any Purchaser Indemnitee furnished to the Company or any underwriter in writing by such Purchaser Indemnitee expressly for use therein. The Company
shall notify the Existing Holders promptly of the institution, threat or assertion of any claim, proceeding (including any governmental investigation), or litigation of which it shall have become
aware in connection with the matters addressed by this Agreement which involves the Company or a Purchaser Indemnitee. The indemnity provided for herein shall remain in full force and effect
regardless of any investigation made by or on behalf of any Purchaser Indemnitee. 

        (b)   Each
holder of Existing Holder Registrable Shares agrees, severally and not jointly, to indemnify and hold harmless the Company, each Person who controls the Company
within the meaning of Section 15 of the Securities Act or Section 20(a) of the Exchange Act and the respective partners, directors, officers, members, representatives, employees and
agents of such Person or Controlling Person to the same extent as the foregoing indemnity from the Company to each Purchaser Indemnitee, but only with reference to untrue statements or omissions or
alleged untrue statements or omissions made in reliance upon and in strict conformity with information relating to such holder furnished to the Company in writing by such holder expressly for use in
the IPO Registration Statement (or any amendment thereto), Prospectus (or any amendment or supplement thereto), Issuer Free Writing Prospectus (or any amendment or supplement thereto) or any
preliminary Prospectus. Absent gross negligence or willful misconduct, the liability of any Existing Holder pursuant to this paragraph shall in no event exceed the net proceeds received by such holder
from sales of Existing Holder Registrable Shares pursuant to the IPO Registration Statement (or any amendment thereto), Prospectus (or any amendment or supplement thereto), Issuer Free Writing
Prospectus (or any amendment or supplement thereto) or any preliminary Prospectus. 

        (c)   If
any suit, action, proceeding (including any governmental or regulatory investigation), claim or demand shall be brought or asserted against any Person in respect of
which indemnity may be sought pursuant to paragraph (a) or (b) above, such Person (the "Indemnified Party") shall promptly notify the
Person against whom such indemnity may be sought (the "Indemnifying Party") in writing of the commencement thereof (but the failure to so notify an
Indemnifying Party shall not relieve it from any liability which it may have under this Section 6, except to the extent the Indemnifying Party is materially prejudiced by the failure to give
notice), and the Indemnifying Party, upon request of the Indemnified Party, shall retain counsel reasonably satisfactory to the Indemnified Party to represent the Indemnified Party and any others the
Indemnifying Party may reasonably designate in such proceeding and shall pay the reasonable fees and expenses actually incurred by such counsel related to such proceeding. Notwithstanding the
foregoing, in any such proceeding, any Indemnified Party shall have the right to retain its own counsel, but the fees and expenses of such counsel shall be at the expense of such Indemnified Party,
unless (i) the Indemnifying Party and the Indemnified Party shall have mutually agreed in writing to the contrary, (ii) the Indemnifying Party failed within a reasonable time after
notice of commencement of the action to assume the defense and employ counsel reasonably satisfactory to the Indemnified Party, (iii) the Indemnifying Party and its counsel do not actively and
vigorously pursue the defense of such action or (iv) the named parties to any such action (including any impleaded parties) include both such Indemnified Party and the Indemnifying Party, or
any Affiliate of the Indemnifying Party, and such Indemnified Party shall have been reasonably advised by counsel that, either (x) there may be one or more legal defenses available to it which
are different from or additional to those available to the Indemnifying Party or such Affiliate of the Indemnifying Party or (y) a conflict may exist between such Indemnified Party and the
Indemnifying Party or such Affiliate of the Indemnifying Party (in which case the Indemnifying Party shall not have the right to assume nor direct the defense of such action on behalf of such
Indemnified Party, it being understood, however, that the Indemnifying Party shall not, in connection with any one such action or separate but substantially similar or related actions in the same
jurisdiction arising out of the same general 

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allegations
or circumstances, be liable for the fees and expenses of more than one separate firm of attorneys (in addition to any local counsel) for all such Indemnified Parties, which firm shall be
designated in writing by those Indemnified Parties who sold a majority of the Existing Holder Registrable Shares sold by all such Indemnified Parties and any such separate firm for the Company, the
directors, the officers and such control Persons of the Company as shall be designated in writing by the Company). The Indemnifying Party shall not be liable for any settlement of any proceeding
effected without its written consent, which consent shall not be unreasonably withheld, but if settled with such consent or if there is a final judgment for the plaintiff, the Indemnifying Party
agrees to indemnify any Indemnified Party from and against any loss or liability by reason of such settlement or judgment. No Indemnifying Party shall, without the prior written consent of the
Indemnified Party, effect any settlement of any pending or threatened proceeding in respect of which any Indemnified Party is or could have been a party and indemnity could have been sought hereunder
by such Indemnified Party, unless such settlement includes an unconditional release of such Indemnified Party from all liability on claims that are the subject matter of such proceeding. 

        (d)   If
the indemnification provided for in paragraphs (a) and (b) of this Section 6 is for any reason held to be unavailable to an Indemnified Party in
respect of any Liabilities referred to therein (other than by reason of the exceptions provided therein) or is insufficient to hold harmless a party indemnified thereunder, then each Indemnifying
Party under such paragraphs, in lieu of indemnifying such Indemnified Party thereunder, shall contribute to the amount paid or payable by such Indemnified Party as a result of such Liabilities
(i) in such proportion as is appropriate to reflect the relative benefits of the Indemnified Party on the one hand and the Indemnifying Party(ies) on the other in connection with the statements
or omissions that resulted in such Liabilities, or (ii) if the allocation provided by clause (i) above is not permitted by applicable law, in such proportion as is appropriate to reflect
not only the relative benefits referred to in clause (i) above but also the relative fault of the Indemnifying Party(ies) and the Indemnified Party, as well as any other relevant equitable
considerations. The relative fault of the Company on the one hand and any Purchaser Indemnitees on the other shall be determined by reference to, among other things, whether the untrue or alleged
untrue statement of a material fact or the omission or alleged omission to state a material fact relates to information supplied by the Company or by such Purchaser Indemnitees and the parties'
relative intent, knowledge, access to information and opportunity to correct or prevent such statement or omission. 

        (e)   The
parties agree that it would not be just and equitable if contribution pursuant to this Section 6 were determined by pro
rata allocation (even if such Indemnified Parties were treated as one entity for such purpose), or by any other method of allocation that does not take account of the equitable
considerations referred to in Section 6(d) above. The amount paid or payable by an Indemnified Party as a result of any Liabilities referred to Section 6(d) shall be deemed to include,
subject to the limitations set forth above, any reasonable legal or other expenses actually incurred by such Indemnified Party in connection with investigating or defending any such action or claim.
Notwithstanding the provisions of this Section 6, in no event shall a Purchaser Indemnitee (absent gross negligence or willful misconduct) be required to contribute any amount in excess of the
amount by which the net proceeds received by such Purchaser Indemnitee from sales of Existing Holder Registrable Shares, as applicable, exceeds the amount of any damages that such Purchaser Indemnitee
has otherwise been required to pay by reason of such untrue or alleged untrue statement or omission or alleged omission. For purposes of this Section 6, each Person, if any, who controls
(within the meaning of Section 15 of the Act or Section 20(a) of the Exchange Act) FBR or a holder of Existing Holder Registrable Shares shall have the same rights to contribution as FBR
or such holder, as the case may be, and each Person, if any, who controls (within the meaning of Section 15 of the Act or Section 20(a) of the Exchange Act) the Company, and each
officer, director, partner, employee, representative, agent or manager of the Company shall have the same rights to contribution as the Company. Any party entitled to contribution will, promptly after
receipt of notice of commencement of 

11

 

any
action, suit or proceeding against such party in respect of which a claim for contribution may be made against another party or parties, notify each party or parties from whom contribution may be
sought, but the omission to so notify such party or parties shall not relieve the party or parties from whom contribution may be sought from any obligation it or they may have under this
Section 6 or otherwise, except to the extent that any party is materially prejudiced by the failure to give notice. No Person guilty of fraudulent misrepresentation (within the meaning of
Section 11(f) of the Securities Act) shall be entitled to contribution from any Person who was not guilty of such fraudulent misrepresentation. 

        (f)    The
indemnity and contribution agreements contained in this Section 6 will be in addition to any liability which the Indemnifying Parties may otherwise have to
the Indemnified Parties referred to above. The Purchaser Indemnitee's obligations to contribute pursuant to this Section 6 are several in proportion to the respective number of Shares sold by
each of the Purchaser Indemnitees hereunder and not joint. 

7.    Lock-Up Agreement    

        Each
Existing Holder shall enter into a Lock-Up Agreement in substantially the form set forth on Schedule A hereto (if
such Existing Holder shall not have previously entered into such an agreement). Such Lock-Up Agreement shall continue to apply to any Existing Holder Registrable Shares not sold in the
IPO. The Company shall have the right to place restrictive legends on the certificates representing the securities subject to the Lock-Up Agreement and to impose stop transfer instructions
with respect to the Existing Holder Registrable Shares. 

8.    Termination of the Company's Obligation    

        The
Company's obligations pursuant to this Agreement with respect to any Existing Holder Registrable Shares proposed to be sold by an Existing Holder in the IPO shall terminate
automatically (and without any action on the part of the Company or any Existing Holder) upon the earliest to occur of the following: (i) the closing of the IPO (whether or not Existing Holder
Registrable Shares have been offered or sold pursuant to the IPO Registration Statement) and (ii) the date on which all such Existing Holder Registrable Shares held by such Existing Holder may
be sold in a three-month period without registration under the Securities Act pursuant to Rule 144 under the Securities Act. 

9.    Limitations on Subsequent Registration Rights    

        Other
than the Private Placement Registration Rights Agreement, the Company will not, without the prior written consent of (i) FBR and (ii) the Existing Holders
beneficially owning not less than a majority of the then outstanding Existing Holder Registrable Shares, enter into any agreement with any holder or prospective holder of any securities of the Company
that would allow such holder or prospective holder (i) to include such securities in any Registration Statement filed pursuant to the terms hereof, unless under the terms of such agreement,
such holder or prospective holder may include such securities in any such registration only to the extent that the inclusion of his securities will not reduce the amount of Existing Holder Registrable
Shares that is included, or (ii) to have his securities registered on a registration statement that could be declared effective prior to, or within one hundred eighty (180) days of, the
effective date of the IPO Registration Statement or any Registration Statement filed pursuant to the Private Placement Registration Rights Agreement, as applicable. 

10.    Miscellaneous    

 
 

           (a)    Remedies.     In the event of a breach by the Company of any of its obligations under this Agreement,
each Existing Holder, in addition to being entitled to exercise all rights
provided herein or granted by law, including recovery of damages, will be entitled to specific performance of its rights under this Agreement. The Company agrees that monetary damages would not be
adequate compensation for any loss incurred by reason of a breach by it of any of the provisions of this 

12

 

Agreement
and hereby further agree that, in the event of any action for specific performance in respect of such breach, it shall waive the defense that a remedy at law would be adequate. 

 
 

           (b)    Amendments and Waivers.     The provisions of this Agreement, including the provisions of this
sentence, may not be amended, modified or supplemented, and waivers or consents to or
departures from the provisions hereof may not be given, without the written consent of (i) the Company, (ii) FBR and (iii) the Existing Holders beneficially owning not less than a
majority of the then outstanding Existing Holder Registrable Shares. No amendment shall be deemed effective unless it applies uniformly to all Existing Holders. Notwithstanding the foregoing, a waiver
or consent to or departure from the provisions hereof with respect to a matter that relates exclusively to the rights of an Existing Holder whose securities are being sold pursuant to the IPO
Registration Statement and that does not directly or indirectly affect, impair, limit or compromise the rights of other holders may be given by such holder;  provided that the provisions of this sentence
may not be amended, modified or supplemented except in accordance with the provisions of the immediately
preceding sentence. 

 
 

           (c)    Notices.     All notices and other communications, provided for or permitted hereunder shall be made
in writing by delivered by facsimile (with receipt confirmed), overnight
courier or registered or certified mail, return receipt requested, or by telegram 

          (i)  if
to an Existing Holder, at the most current address given by the transfer agent and registrar of the Shares to the Company; 

         (ii)  if
to the Company at the offices of the Company at 3095 Satellite Boulevard, Duluth, Georgia 30096, Attention: Chief Executive Officer; (facsimile:
678-570-0301); with a copy to Nelson Mullins Riley & Scarborough LLP, 999 Peachtree Street, NE, Suite 1400, Atlanta,
Georgia 30309, Attention Glenn W. Sturm, Esq. (facsimile: 678-817-6151); and 

        (iii)  if
to FBR, at the offices of Friedman, Billings, Ramsey & Co., Inc., 1001 Nineteenth Street North, Arlington, Virginia 22209, Attention: Compliance
Department (facsimile 703-312-9698); with a copy to Wilson Sonsini Goodrich & Rosati, Professional Corporation, Two Fountain Square, Reston Town Center, 11921 Freedom
Drive, Suite 600, Reston, Virginia 20190, Attention: Trevor J. Chaplick, Esq. (facsimile: 703-734-3199). 

 
 

           (d)    Successors and Assigns.     This Agreement shall inure to the benefit of and be binding upon the
successors and assigns of each of the parties hereto, including, without limitation and
without the need for an express assignment or assumption, subsequent Existing Holders. The parties to this Agreement expressly contemplate the distribution of Existing Holder Registrable Shares to the
interest holders of DPI Holdings, LLC upon the closing of the Private Placement and hereby agree that such interest holders shall automatically and without further action on the part of any party
hereto be deemed parties to this Agreement and "Existing Holders" under this Agreement, and all such shares shall be deemed "Existing Holder Registrable Securities" under this Agreement. 

 
 

           (e)    Counterparts.     This Agreement may be executed in any number of counterparts and by the parties
hereto in separate counterparts, each of which when so executed shall be deemed to
be an original and all of which taken together shall constitute one and the same agreement. 

 
 

          (f)    Headings.     The headings in this Agreement are for convenience of reference only and shall not limit
or otherwise affect the meaning hereof. 

 
 

           (g)    Governing Law.     THIS AGREEMENT SHALL BE GOVERNED BY AND CONSTRUED IN
ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK, AS APPLIED TO CONTRACTS MADE AND
PERFORMED WITHIN THE STATE OF NEW YORK, WITHOUT REGARD TO PRINCIPLES OF CONFLICTS OF LAW. EACH OF THE PARTIES HERETO HEREBY IRREVOCABLY SUBMITS TO THE JURISDICTION OF ANY STATE COURT IN THE STATE OF
NEW YORK OR ANY FEDERAL COURT SITTING IN NEW YORK IN RESPECT OF ANY SUIT,  

13

 

 ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO THIS AGREEMENT, AND IRREVOCABLY ACCEPTS FOR ITSELF AND IN RESPECT OF ITS PROPERTY, GENERALLY AND UNCONDITIONALLY, THE JURISDICTION OF THE AFORESAID
COURTS. EACH OF THE PARTIES HERETO IRREVOCABLY WAIVES, TO THE FULLEST EXTENT IT MAY EFFECTIVELY DO SO UNDER APPLICABLE LAW, ANY OBJECTION THAT IT MAY NOW OR HEREAFTER HAVE TO THE LAYING OF THE VENUE
OF ANY SUCH SUIT, ACTION OR PROCEEDING BROUGHT IN ANY SUCH COURT AND ANY CLAIM THAT ANY SUCH SUIT, ACTION OR PROCEEDING BROUGHT IN ANY SUCH COURT HAS BEEN BROUGHT IN AN INCONVENIENT
FORUM.

 
 

           (h)    Severability.     If any term, provision, covenant or restriction of this Agreement is held by a
court of competent jurisdiction to be invalid, illegal, void or unenforceable, the
remainder of the terms, provisions, covenants and restrictions set forth herein shall remain in full force and effect and shall in no way be affected, impaired or invalidated, and the parties hereto
shall use their commercially reasonable efforts to find and employ an alternative means to achieve the same or substantially the same result as that contemplated by such term, provision, covenant or
restriction. It is hereby stipulated and declared to be the intention of the parties hereto that they would have executed the remaining terms, provisions, covenants and restrictions without including
any of such that may be hereafter declared invalid, illegal, void or unenforceable. 

 
 

           (i)    Entire Agreement.     This Agreement is intended by the parties hereto as a final expression of their
agreement, and is intended to be a complete and exclusive statement of the
agreement and understanding of the parties hereto in respect of the subject matter contained herein and therein. 

 
 

           (j)    Survival.     This Agreement is intended to survive the consummation of the transactions contemplated
by the Purchase/Placement Agreement. The indemnification and contribution
obligations under Section 6 of this Agreement shall survive the termination of the Company's obligations under Section 2 of this Agreement. 

 
 

          (k)    Attorneys' Fees.     In any action or proceeding brought to enforce any provision of this Agreement,
or where any provision hereof is validly asserted as a defense, the prevailing
party, as determined by the court, shall be entitled to recover its reasonable attorneys' fees in addition to any other available remedy. 

[Signature pages follow]

14

 

        IN WITNESS WHEREOF, the parties have executed this Agreement as of the date first above written. 

	 	 	DATAPATH, INC.
	

 	
 	

By:	

/s/  ANDY MULLINS      
 Andy Mullins

Chief Executive Officer
	

 	
 	

DPI HOLDINGS, LLC, by White Oak Capital Partners, LLC, its manager
	

 	
 	

By:	

/s/  CHRISTOPHER C. MELTON      

	 	 	Name:

Title:
	

 	
 	

 Art Ackerman
	

 	
 	

 Larry A. Bolterstein
	

 	
 	

 Alan Carson
	

 	
 	

 Brian Dennis

[SIGNATURE
PAGE TO REGISTRATION RIGHTS AGREEMENT—1 OF 3] 

15

 

	

 	
 	

 Ann Haehn
	

 	
 	

 David E. Kimzey
	

 	
 	

 Stephen A. Lindeman
	

 	
 	

/s/  JAMES M. MODAK      
 James M. Modak
	

 	
 	

/s/  ANDY D. MULLINS      
 Andy D. Mullins
	

 	
 	

/s/  JOAN M. SEAVEY      
 Joan M. Seavey
	

 	
 	

 Charles Shellhouse
	

 	
 	

 Dan White
	

 	
 	

 Steven R. Wilson

[SIGNATURE
PAGE TO REGISTRATION RIGHTS AGREEMENT—2 OF 3] 

16

 

Acknowledged
and consented,

As of the 29th day of June, 2006 

FRIEDMAN,
BILINGS, RAMSEY & CO., INC. 

	By:	/s/  JAMES R. KLEEBLATT      
 James R. Kleeblatt

Senior Managing Director	 	 

[SIGNATURE
PAGE TO REGISTRATION RIGHTS AGREEMENT—3 OF 3] 

17

QuickLinks

Exhibit 4.2

REGISTRATION RIGHTS AGREEMENT

(a)  IPO Registration.

(b)  Issuer Free Writing Prospectus.

(c)  Underwriting.

(d)  Expenses.

(a)  Remedies.

(b)  Amendments and Waivers.

(c)  Notices.

(d)  Successors and Assigns.

(e)  Counterparts.

(f)  Headings.

(g)  Governing Law.

(h)  Severability.

(i)  Entire Agreement.

(j)  Survival.

(k)  Attorneys' Fees.QuickLinks
 -- Click here to rapidly navigate through this document

 
 

Exhibit 10.1    
    

EXECUTION VERSION  

 
 

$100,000,000    
    
    CREDIT AGREEMENT    
    
    Dated as of September 30, 2005    
    
    among    
    
    DPI HOLDINGS, LLC
  as Borrower    
    
    and    
    
    THE LENDERS AND ISSUERS PARTY HERETO    
    
    and    
    
    CITICORP NORTH AMERICA, INC.
  as Administrative Agent and Syndication Agent    
    
    and    
    
    CITIGROUP GLOBAL
MARKETS INC.
  as Sole Lead Arranger and Sole Bookrunner    
    
    and    
    
    COMMERCE BANK, N.A. AND WACHOVIA BANK, NATIONAL
ASSOCIATION
  as Documentation Agents    
    
  WELL GOTSHAL & MANGES LLP
  767 FIFTH AVENUE
  NEW YORK, NEW YORK 10153-0119    

 
 
 

TABLE OF CONTENTS    
    

	 
	 
	 	Page

	ARTICLE I    DEFINITIONS, INTERPRETATION AND ACCOUNTING TERMS	 	1
	 	
 Section 1.1	

Defined Terms	
 	

1
	 	Section 1.2	Computation of Time Periods	 	27
	 	Section 1.3	Accounting Terms and Principles	 	27
	 	Section 1.4	Conversion of Foreign Currencies	 	28
	 	Section 1.5	Certain Terms	 	28
	

ARTICLE II THE FACILITIES	
 	

29
	 	
 Section 2.1	

The Commitments	
 	

29
	 	Section 2.2	Borrowing Procedures	 	29
	 	Section 2.3	Swing Loans	 	30
	 	Section 2.4	Letters of Credit	 	32
	 	Section 2.5	Reduction and Termination of the Commitments	 	36
	 	Section 2.6	Repayment of Loans	 	36
	 	Section 2.7	Evidence of Debt	 	37
	 	Section 2.8	Optional Prepayments	 	38
	 	Section 2.9	Mandatory Prepayments	 	39
	 	Section 2.10	Interest	 	40
	 	Section 2.11	Conversion/Continuation Option	 	40
	 	Section 2.12	Fees	 	41
	 	Section 2.13	Payments and Computations	 	42
	 	Section 2.14	Special Provisions Governing Eurodollar Rate Loans	 	44
	 	Section 2.15	Capital Adequacy	 	46
	 	Section 2.16	Taxes	 	46
	 	Section 2.17	Substitution of Lenders	 	49
	 	Section 2.18	Facility Increase	 	50
	

ARTICLE III CONDITIONS TO LOANS AND LETTERS OF CREDIT	
 	

51
	 	
 Section 3.1	

Conditions Precedent to Initial Loans and Letters of Credit	
 	

51
	 	Section 3.2	Conditions Precedent to Each Loan and Letter of Credit	 	54
	 	Section 3.3	Determinations of initial Borrowing Conditions	 	54
	 	Section 3.4	Conditions Precedent to Each Facility Increase	 	55
	

ARTICLE IV REPRESENTATIONS AND WARRANTIES	
 	

56
	 	
 Section 4.1	

Corporate Existence; Compliance with Law	
 	

56
	 	Section 4.2	Corporate Power; Authorization; Enforceable Obligations	 	56
	 	Section 4.3	Ownership of Borrower; Subsidiaries	 	57
	 	Section 4.4	Financial Statements	 	58
	 	Suction 4.5	Material Adverse Change	 	58
	 	Section 4.6	Solvency	 	58
	 	Section 4.7	Litigation	 	58
	 	Section 4.8	Taxes	 	59
	 	Section 4.9	Full Disclosure	 	59
	 	Section 4.10	Margin Regulations	 	59
	 	Section 4.11	No Burdensome Restrictions; No Defaults	 	59
	 	Section 4.12	Investment Company Act; Public Utility Holding Company Act	 	60
	 	Section 4.13	Use of Proceeds	 	60
	 	 	 	 

i

 

	 	Section 4.14	Insurance	 	60
	 	Section 4.15	Labor Matters	 	60
	 	Section 4.16	ERISA	 	61
	 	Section 4.17	Environmental Matters	 	61
	 	Section 4.18	Intellectual Property	 	62
	 	Section 4.19	Title; Real Property	 	62
	 	Section 4.20	Activities of the Borrower	 	63
	

ARTICLE V FINANCIAL COVENANTS	
 	

63
	 	
 Section 5.1	

Maximum Leverage Ratio	
 	

63
	 	Section 5.2	Minimum Interest Coverage Ratio	 	63
	 	Section 5.3	Capital Expenditures	 	63
	

ARTICLE VI REPORTING COVENANTS	
 	

64
	 	
 Section 6.1	

Financial Statements	
 	

64
	 	Section 6.2	Default Notices	 	65
	 	Section 6.3	Litigation	 	65
	 	Section 6.4	Asset Sales	 	65
	 	Section 6.5	Labor Relations	 	66
	 	Section 6.6	SEC Filings; Press Releases	 	66
	 	Section 6.7	Tax Returns	 	66
	 	Section 6.8	Insurance	 	66
	 	Section 6.9	ERISA Matters	 	66
	 	Section 6.10	Environmental Matters	 	67
	 	Section 6.11	Customer Contracts	 	67
	 	Section 6.12	Other Information	 	67
	

ARTICLE VII AFFIRMATIVE COVENANTS	
 	

68
	 	
 Section 7.1	

Preservation of Corporate Existence, Etc	
 	

68
	 	Section 7.2	Compliance with Laws, Etc	 	68
	 	Section 7.3	Conduct of Business	 	68
	 	Section 7.4	Payment of Taxes, Etc	 	68
	 	Section 7.5	Maintenance of Insurance	 	68
	 	Section 7.6	Access	 	68
	 	Section 7.7	Keeping of Books	 	69
	 	Section 7.8	Maintenance of Properties, Etc	 	69
	 	Section 7.9	Application of Proceeds	 	69
	 	Section 7.10	Environmental	 	69
	 	Section 7.11	Additional Collateral and Guaranties	 	70
	 	Section 7.12	Landlord Access Agreements	 	71
	 	Section 7.13	Real Property	 	71
	 	Section 7.14	Further Assurances	 	72
	 	Section 7.15	Post-Closing Obligations	 	72
	

ARTICLE VIII NEGATIVE COVENANTS	
 	

72
	 	
 Section 8.1	

Indebtedness	
 	

72
	 	Section 8.2	Liens, Etc	 	74
	 	Section 8.3	Investments	 	74
	 	Section 8.4	Sale of Assets	 	75
	 	Section 8.5	Restricted Payments	 	76
	 	 	 	 

ii

 

	 	Section 8.6	Prepayment and Cancellation of Indebtedness	 	77
	 	Section 8.7	Restriction on Fundamental Changes; Permitted Investments	 	77
	 	Section 8.8	Change in Nature of Business	 	77
	 	Section 8.9	Transactions with Affiliates	 	77
	 	Section 8.10	Limitations on Restrictions on Subsidiary Distributions; No New Negative Pledge	 	78
	 	Section 8.11	Modification of Constituent Documents	 	78
	 	Section 8.12	Modification of Debt Agreements	 	78
	 	Section 8.13	Accounting Changes; Fiscal Year	 	78
	 	Section 8.14	Margin Regulations	 	78
	 	Section 8.15	Operating Leases; Sale/Leasebacks	 	79
	 	Section 8.16	No Speculative Transactions	 	79
	 	Section 8.17	Compliance with ERISA	 	79
	 	Section 8.18	Environmental	 	79
	

ARTICLE IX EVENTS OF DEFAULT	
 	

79
	 	
 Section 9.1	

Events of Default	
 	

79
	 	Section 9.2	Remedies	 	81
	 	Section 9.3	Actions in Respect of Letters of Credit	 	81
	 	Section 9.4	Rescission.	 	81
	

ARTICLE X THE ADMINISTRATIVE AGENT	
 	

82
	 	
 Section 10.1	

Authorization and Action	
 	

82
	 	Section 10.2	Administrative Agent's Reliance, Etc	 	83
	 	Section 10.3	Posting of Approved Electronic Communications	 	83
	 	Section 10.4	The Administrative Agent Individually	 	84
	 	Section 10.5	Lender Credit Decision	 	84
	 	Section 10.6	Indemnification	 	84
	 	Section 10.7	Successor Administrative Agent	 	85
	 	Section 10.8	Concerning the Collateral and the Collateral Documents	 	85
	 	Section 10.9	Collateral Matters Relating to Related Obligations	 	86
	

ARTICLE XI MISCELLANEOUS	
 	

87
	 	
 Section 11.1	

Amendments, Waivers, Etc	
 	

87
	 	Section 11.2	Assignments and Participations	 	89
	 	Section 11.3	Costs and Expenses	 	92
	 	Section 11.4	Indemnities	 	93
	 	Section 11.5	Patriot Act	 	94
	 	Section 11.6	Limitation of Liability	 	94
	 	Section 11.7	Right of Set-off	 	95
	 	Section 11.8	Sharing of Payments, Etc	 	95
	 	Section 11.9	Notices, Etc	 	96
	 	Section 11.10	No Waiver; Remedies	 	97
	 	Section 11.11	Binding Effect	 	97
	 	Section 11.12	Governing Law	 	97
	 	Section 11.13	Submission to Jurisdiction; Service of Process	 	98
	 	Section 11.14	Waiver of Jury Trial	 	98
	 	Section 11.15	Marshaling; Payments Set Aside	 	98
	 	Section 11.16	Section Titles	 	98
	 	Section 11.17	Execution in Counterparts	 	99
	 	 	 	 

iii

 

	 	Section 11.18	Entire Agreement	 	99
	 	Section 11.19	Confidentiality	 	99
	 	Section 11.20	Government Security Considerations	 	100

 
 

Schedules    
    

	Schedule I	—	 	Commitments
	Schedule II	—	 	Applicable Lending Offices and Addresses for Notices
	Schedule 4.2	—	 	Consents
	Schedule 4.3(a)	—	 	Borrower Information
	Schedule 4.3(b)	—	 	Ownership of Subsidiaries
	Schedule 4.7	—	 	Litigation
	Schedule 4.15	—	 	Labor Matters
	Schedule 4.16	—	 	List of Plans
	Schedule 4.17	—	 	Environmental Matters
	Schedule 4.19	—	 	Real Property
	Schedule 8.1	—	 	Existing Indebtedness
	Schedule 8.2	—	 	Existing Liens
	Schedule 8.3	—	 	Existing Investments
	Schedule 8.5	—	 	Restricted Payments
	Schedule 8.9	—	 	Affiliate Transactions

 
 

Exhibits    
    

	Exhibit A	—	 	Form of Assignment and Acceptance
	Exhibit B-1	—	 	Form of Revolving Credit Note
	Exhibit B-2	—	 	Form of Term Note
	Exhibit C	—	 	Form of Notice of Borrowing
	Exhibit D	—	 	Form of Swing Loan Request
	Exhibit E	—	 	Form of Letter of Credit Request
	Exhibit F	—	 	Form of Notice of Conversion or Continuation
	Exhibit G	—	 	Form of Guaranty
	Exhibit H	—	 	Form of Pledge and Security Agreement

iv

        CREDIT AGREEMENT, dated as of September 30, 2005, among DPI HOLDINGS, LLC, a Georgia limited liability company (the  "Borrower"), the Lenders (as defined below), the Issuers (as defined below) and CITICORP NORTH
AMERICA, INC. ("Citicorp"), as the agent for the Lenders and the Issuers (in such capacity, the "Administrative
Agent"), 

 
 

W I T N E S S E T H    
    

        WHEREAS, the Borrower has requested that the Lenders and Issuers make available for the purposes specified in this Agreement, a term loan, revolving credit and
letter of credit facility; and 

        WHEREAS,
the Lenders and Issuers are willing to make available to the Borrower such term loan, revolving credit and letter of credit facility upon the terms and subject to the conditions
set forth herein; 

        NOW,
THEREFORE, in consideration of the premises and the covenants and agreements contained herein, the parties hereto hereby agree as follows; 

 
 

ARTICLE I    
    
    DEFINITIONS, INTERPRETATION AND ACCOUNTING TERMS    
    

 
 
        Section 1.1    Defined Terms     

        As
used in this Agreement, the following terms have the following meanings (such meanings to be equally applicable to both the singular and plural forms of the terms defined): 

        "Account" has the meaning given to such term in the UCC. 

        "Account Debtor" has the meaning given to such term in the UCC. 

        "Administrative Agent" has the meaning specified in the preamble to this Agreement. 

        "Affected Lender" has the meaning specified in Section 2.17 (Substitution of
Lenders).

        "Affiliate" means, with respect to any Person, any other Person directly or indirectly controlling or that is controlled by or is under
common control with such Person and each Person that is the beneficial owner of 10% or more of any class of Voting Stock of such Person. For purposes of this definition and the definition of
"Control Group", "control" means the possession of the power to direct or cause the direction of the management and policies of such Person, whether
through the ownership of voting securities, by contract or otherwise. 

        "Agent Affiliate" has the meaning specified in Section 10.3 (Posting of Approved Electronic
Communications).

        "Agreement" means this Credit Agreement. 

        "Alternative Currency" means any lawful currency other than Dollars that is freely transferable into Dollars. 

        "Annualized" means for purposes of calculating Cash Interest Expense in connection with determining the Interest Coverage Ratio,
(a) with respect to any amount of Cash Interest Expense attributable to one Fiscal Quarter, such amount multiplied by four, (b) with
respect to any amount of Cash Interest Expense attributable to two Fiscal Quarters, such amount multiplied by two, and (c) with respect to any
amount of Cash Interest Expense attributable to three Fiscal Quarters, such amount divided by 0.75. 

        "Applicable Foreign Withholding Taxes" means the imposition by any non-U.S. jurisdiction of any type of present or future
withholding taxes arising as a result of (a) the Borrower's or any Subsidiary of the Borrower's nexus with such jurisdiction, (b) a payment being made by the Borrower or any Subsidiary
of the Borrower from an office or account established in such jurisdiction, (c) the Borrower or any Subsidiary of the Borrower owning assets in such jurisdiction 

 

or
(d) the sale by the Borrower or any Subsidiary of the Borrower of assets in such jurisdiction or of pledged stock of any entity organized under the laws of such jurisdiction. 

        "Applicable Lending Office" means, with respect to each Lender, its Domestic Lending Office in the case of a Base Rate Loan, and its
Eurodollar Lending Office in the case of a Eurodollar Rate Loan. 

        "Applicable Margin" means, subject to Section 2.18(b) (Facility Increase),
(a) during the period commencing on the Closing Date and ending on the last Business Day of the first full Fiscal Quarter ending after the Closing Date, with respect to (i) Revolving
Loans, Term Loans and Swing Loans maintained as Base Rate Loans, a rate equal to 1.00% per annum, (ii) Revolving Loans and Term Loans maintained
as Eurodollar Rate Loans, a rate equal to 2.00% per annum and (b) thereafter, as of any date of determination, a per
annum rate equal to the rate set forth below opposite the applicable type of Loan and the then applicable Leverage Ratio (determined on the last day of the most recent Fiscal
Quarter for which Financial Statements have been delivered pursuant to Section 6.1(a) or (b) (Financial
Statements)) set forth below; 

	LEVERAGE RATIO
 
	 	BASE RATE

LOANS
	 	EURODOLLAR

RATE LOANS
	 
	Greater than or equal to 2.50 to 1.00	 	1.250	%	2.250	%
	Less than 2.50 to 1.00 and equal to or greater than 2.00 to 1.00	 	1.000	%	2.000	%
	Less than 2.00 to 1.00	 	0.750	%	1.750	%

Changes
in the Applicable Margin resulting from a change in the Leverage Ratio on the last day of any subsequent Fiscal Quarter shall become effective as to all Revolving Loans, Term Loans and Swing
Loans upon delivery by the Borrower to the Administrative Agent of new Financial Statements pursuant to Section 6.1(a) or  (b) (Financial Statements),
as applicable. Notwithstanding anything to the contrary set forth in this Agreement (including the then effective Leverage
Ratio), if the Borrower shall fail to deliver such Financial Statements within any of the time periods specified in Section 6.1(a) or  (b) (Financial Statements),
 the Applicable Margin from and including the 61st day after the end of such Fiscal Quarter or the
121st day after the end of such Fiscal Year to but not including the date the Borrower delivers to the Administrative Agent such Financial Statements shall equal the highest possible
Applicable Margin provided for by this definition. Notwithstanding anything to the contrary set forth in this Agreement (including the then effective Leverage Ratio), if an Event of Default under  Section 9.1(a),
(b) or (f) shall have occurred or be continuing, the Applicable Margin upon the occurrence of such Event of Default
and for as long thereafter as such Event of Default shall be continuing shall equal the highest possible Applicable Margin provided for by this definition. 

        "Applicable Unused Commitment Fee Rate" means 0.50% per annum.

        "Approved Deposit Account" means a Deposit Account that is the subject of an effective Deposit Account Control Agreement and that is
maintained by any Loan Party with a Deposit Account Bank. "Approved Deposit Account" includes all monies on deposit in a Deposit Account and all
certificates and instruments, if any, representing or evidencing such Deposit Account. 

        "Approved Electronic Communications" means each notice, demand, communication, information, document and other material that any Loan
Party is obligated to, or otherwise chooses to, provide to the Administrative Agent pursuant to any Loan Document or the transactions contemplated therein, including (a) any supplement to the
Guaranty, any joinder to the Pledge and Security Agreement and any other written Contractual Obligation delivered or required to be delivered in respect of any Loan Document or the transactions
contemplated therein and (b) any Financial Statement, financial and other report, notice, request, certificate and other information material; provided,
however, that "Approved Electronic Communication" shall 

2

 

exclude
(x) any Notice of Borrowing, Letter of Credit Request, Swing Loan Request, Notice of Conversion or Continuation, and any other notice, demand, communication, information, document and
other material relating to a request for a new, or a conversion of an existing, Borrowing, (ii) any notice pursuant to Section 2.8 (Optional
Prepayments) and Section 2.9 (Mandatory Prepayments) and any other notice relating to the payment of any principal or
other amount due under any Loan Document prior to the scheduled date therefor, (iii) all notices of any Default or Event of Default and (iv) any notice, demand, communication,
information, document and other material required to be delivered to satisfy any of the conditions set forth in Article III (Conditions To Loans And Letters Of
Credit) or Section 2.4(a) (Letters of Credit) or any other condition to any Borrowing or other extension of credit
hereunder or any condition precedent to the effectiveness of this Agreement. 

        "Approved Electronic Platform" has the meaning specified in Section 10.3 (Posting of Approved Electronic
Communications).

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

        "Approved Securities Intermediary" means a "securities intermediary" or  "commodity intermediary" (as such terms are
defined in the UCC) selected or approved by the Administrative Agent. 

        "Arranger" means Citigroup Global Markets Inc., in its capacity as sole lead arranger and sole bookrunner. 

        "Asset Sale" has the meaning specified in Section 8.4 (Sale of Assets).

        "Assignment and Acceptance" means an assignment and acceptance entered into by a Lender and an Eligible Assignee, and accepted by the
Administrative Agent, in substantially the form of Exhibit A (Form of Assignment and Acceptance).

        "Available Credit" means, at any time, (a) the then effective Revolving Credit Commitments  minus (b) the aggregate Revolving Credit Outstandings at such time.

        "Bankruptcy Code" means title 11, United States Code. 

        "Base Rate" means, for any period, a fluctuating interest rate per annum as shall be in
effect from time to time, which rate per annum shall be equal at all times to the higher of: 

        (i)    the
rate of interest announced publicly by Citibank in New York, New York, from time to time, as Citibank's base rate; and 

        (ii)   0.5%  per annum plus the Federal Funds Rate. 

        "Base Rate Loan" means any Swing Loan or any other Loan during any period in which it bears interest based on the Base Rate. 

        "Borrower" has the meaning specified in the preamble to this Agreement. 

        "Borrower's Accountants" means Cherry Bekaert & Holland LLP or other independent
nationally-recognized public accountants acceptable to the Administrative Agent. 

        "Borrowing" means a Revolving Credit Borrowing or a Term Loan Borrowing. 

        "Business Day" means a day of the year on which banks are not required or authorized to close in New York City and, if the applicable
Business Day relates to notices, determinations, fundings and payments in connection with the Eurodollar Rate or any Eurodollar Rate Loans, a day on which dealings in Dollar deposits are also carried
on in the London interbank market. 

3

 

        "Capital Expenditures" means, for any Person for any period, the aggregate of amounts that would be reflected as additions to property,
plant or equipment on a Consolidated balance sheet of such Person and its Subsidiaries, excluding (a) interest capitalized during construction and (b) Permitted Investments, 

        "Capital Lease" means, with respect to any Person, any lease of, or other arrangement conveying the right to use, property by such Person
as lessee that would be accounted for as a capital lease on a balance sheet of such Person prepared in conformity with GAAP. 

        "Capital Lease Obligations" means, with respect to any Person, the capitalized amount of all Consolidated obligations of such Person or
any of its Subsidiaries under Capital Leases. 

        "Cash Collateral Account" means any Deposit Account or Securities Account that is (a) established by the Administrative Agent from
time to time in its sole discretion to receive cash and Cash Equivalents (or purchase cash or Cash Equivalents with funds received) from the Loan Parties or Persons acting on their behalf pursuant to
the Loan Documents, (b) with such depositaries and securities intermediaries as the Administrative Agent may determine in its sole discretion, (c) in the name of the Administrative Agent
(although such account may also have words referring to the Borrower and the account's purpose), (d) under the control of the Administrative Agent and (e) a Securities Account, with
respect to which the Administrative Agent shall be the Entitlement Holder and the only Person authorized to give Entitlement Orders with respect thereto. 

        "Cash Equivalents" means (a) securities issued or fully guaranteed or insured by the United States federal government or any agency
thereof, (b) certificates of deposit, eurodollar time deposits, overnight bank deposits and bankers' acceptances of any commercial bank organized under the laws of the United States, any state
thereof, the District of Columbia, any foreign bank, or its branches or agencies (fully protected against currency fluctuations) that, at the time of acquisition, are rated at least  "A-I" by S&P or
"P-I" by Moody's, (c) commercial paper of an issuer rated
at least "A-I" by S&P or "P-I" by Moody's, (d) repurchase obligations
with a term of not more than 90 days for underlying securities of the types described in clause (a) above and entered into with any
commercial bank satisfying criteria specified in clause (b) above and (e) shares of any money market fund that (i) has at least 95%
of its assets invested continuously in the types of investments referred to in clauses (a), (b) and (c)
above, (ii) has net assets whose Dollar Equivalent exceeds $500,000,000 and (iii) is rated at least "A-I' by S&P or
"P-I" by Moody's; provided, however, that the maturities of all obligations of the type
specified in clauses (a), (b) and (c) above shall not exceed 180 days. 

        "'Cash Interest Expense" means, with respect to any Person for any period, the Interest Expense of such Person for such period  less the Non-Cash Interest Expense of
such Person for such period. 

        "Cash Management Document" means any certificate, agreement or other document executed by any Loan Party in respect of the Cash Management
Obligations of any Loan Party. 

        "'Cash Management Obligation" means, as applied to any Person, any direct or indirect liability, contingent or otherwise, of such Person
in respect of cash management services (including treasury, depository, overdraft, credit or debit card, electronic funds transfer and other cash management arrangements) provided by the
Administrative Agent, any Lender or any Affiliate of any of them, including obligations for the payment of fees, interest, charges, expenses, attorneys' fees and disbursements in connection therewith. 

        "CGMI" means Citigroup Global Markets Inc. 

4

 

        "Change of Control" means (i) at any time prior to the consummation of a Qualified IPO, the Control Group shall cease to control
and own beneficially (as defined in Rules 13(d)-3 and 13(d)-5 under the Securities Exchange Act of 1934, as amended (the "Exchange
Act")) more than 50% of the amount of economic and voting interests in the outstanding capital Stock of the Borrower or (ii) at any time from or after the consummation
of a Qualified IPO, the Control Group shall cease to control and own beneficially (as defined in Rules 13(d)-3 and 13(d)-5 under the Exchange Act) at least 30% of the economic and
voting interests in the outstanding capital Stock of the Borrower or such higher percentage that exceeds the highest percentage owned by any "person" or "group" (as such terms are used in Sections
13(d) and 14(d) of the Exchange Act), excluding the Control Group. 

        "Citibank" means Citibank, N.A., a national banking association. 

        "Citicorp" has the meaning specified in the preamble to this Agreement. 

        "Closing Date" means the first date on which any Loan is made or any Letter of Credit is Issued. 

        "Code" means the U.S. Internal Revenue Code of 1986, as currently amended. 

        "Collateral" means all property and interests in property and proceeds thereof now owned or hereafter acquired by any Loan Party in or
upon which a Lien is granted under any Collateral Document. 

        "Collateral Documents" means the Pledge and Security Agreement, any Mortgages, Landlord Access Agreements and any other document executed
and delivered by a Loan Party granting a Lien on any of its property to secure payment of the Secured Obligations. 

        "Commitment" means, with respect to any Lender, such Lender's Revolving Credit Commitment, if any, and such Lender's Term Loan Commitment,
if any, and "Commitments" means the aggregate Revolving Credit Commitments and Term Loan Commitments of all Lenders. 

        "Commitment Termination Date" means September 30, 2010. 

        "Commodity Account" has the meaning given to such term in the UCC. 

        "Compliance Certificate" has the meaning specified in Section 6.1(c) (Financial
Statements).

        "Consolidated" means, with respect to any Person, the consolidation of accounts of such Person and its Subsidiaries in accordance with
GAAP. 

        "Consolidated Current Assets" means, with respect to any Person at any date, the total Consolidated current assets (other than cash and
Cash Equivalents) of such Person and its Subsidiaries at such date. 

        "Consolidated Current Liabilities" means, with respect to any Person at any date, all liabilities of such Person and its Subsidiaries at
such date that should be classified as current liabilities on a Consolidated balance sheet of such Person and its Subsidiaries, but excluding the sum of (a) the principal amount of any current
portion of long-term Indebtedness and (b) (without duplication of clause (a) above) the then outstanding principal amount of
the Loans. 

        "Consolidated Net Income" means, for any Person, for any period, the Consolidated net income (or loss) of such Person and its Subsidiaries
for such period; provided, however, that (a) the net income of any other Person in which such Person or one of its Subsidiaries has a joint
interest with a third party (which interest does not cause the net income of such other Person to be Consolidated into the net income of such Person) shall be included only to the extent of the amount
of dividends or distributions paid to such Person or Subsidiary, (b) the net income of any Subsidiary of such Person that is subject to any restriction or limitation on the payment of 

5

 

dividends
or the making of other distributions shall be excluded to the extent of such restriction or limitation and (c) extraordinary gains and losses and any one-time increase or
decrease to net income that is required to be recorded because of the adoption of new accounting policies, practices or standards required or permitted by GAAP shall be excluded. 

        "Consolidated Net Tangible Assets" means, as of any date of determination, the sum of the amounts that would appear on a Consolidated
balance sheet of the Borrower and its Subsidiaries as the total assets (less accumulated depreciation and amortization, allowances for doubtful receivables, other applicable reserves and other
properly deductible items) of the Borrower and its Subsidiaries, after giving effect to purchase accounting and after deducting therefrom Consolidated Current Liabilities and, to the extent otherwise
included, the amounts of (without duplication): 

        (a)   the
excess of cost over fair market value of assets or businesses acquired; 

        (b)   any
revaluation or other write-up in book value of assets subsequent to the last day of the Fiscal Quarter of the Borrower or its Subsidiaries immediately
preceding the Closing Date as a result of a change in the method of valuation in accordance with GAAP; 

        (c)   unamortized
debt discount and expenses and other unamortized deferred charges, goodwill, patents, trademarks, service marks, trade names, copyrights, licenses,
organization or developmental expenses and other intangible items; 

        (d)   minority
interests in Consolidated Subsidiaries held by Persons other than the Borrower or any Subsidiary; 

        (e)   treasury
stock; 

        (f)    cash
or securities set aside and held in a sinking or other analogous fund established for the purpose of redemption or other retirement of capital stock to the extent
such obligation is not reflected in Consolidated Current Liabilities; and 

        (g)   Investments
in and assets of Subsidiaries that are not Guarantors. 

        "Constituent Documents" means, with respect to any Person, (a) the articles of incorporation, certificate of incorporation,
constitution or certificate of formation (or the equivalent organizational documents) of such Person, (b) the by-laws, operating agreement (or the equivalent governing documents) of
such Person and (c) any document setting forth the manner of election or duties of the directors or managing members of such Person (if any) and the designation, amount or relative rights,
limitations and preferences of any class or series of such Person's Stock. 

        "Contaminant" means any material, substance or waste that is classified, regulated or otherwise characterized under any Environmental Law
as hazardous, toxic, a contaminant or a pollutant or by other words of similar meaning or regulatory effect, including any petroleum or petroleum-derived substance or waste, asbestos and
polychlorinated biphenyls. 

        "Contractual Obligation" of any Person means any obligation, agreement, undertaking or similar provision of any Security issued by such
Person or of any agreement. undertaking, contract, lease, indenture, mortgage, deed of trust or other instrument (excluding a Loan Document) to which such Person is a party or by which it or any of
its property is bound or to which any of its property is subject. 

        "Control Group" means (a) White Oak Partners I LLC, Najeti Data LLC, David McDonald and Jack Woods and (b) any Person that
controls, is controlled by or is under common control with (with "control" having the meaning set forth in the definition of  "Affiliate") any Person
included in clause (a) above and (c) in the case of any natural
Person, any family member or heirs of, or estates, trusts or devisees with respect to, such Person (and their respective family members, heirs, estates, trusts or devisees). 

6

 

        "Corporate Chart" means a corporate organizational chart, list or other similar document in each case in form reasonably acceptable to the
Administrative Agent and setting forth, for each Person that is a Loan Party, that is subject to Section 7.11 (Additional Collateral and
Guaranties) or that is a Subsidiary of any of them, (a) the full legal name of such Person (and any trade name, fictitious name or other name such Person may have had or
operated under in the 5 years prior to any relevant time of determination), (b) the jurisdiction of organization, the organizational number (if any) and the tax
identification number (if any) of such Person, (c) the location of such Person's chief executive office (or sole place of business) and (d) the number of shares of each class of such
Person's Stock authorized (if applicable), the number outstanding as of the date of delivery and the number and percentage of such outstanding shares for each such class owned (directly or indirectly)
by any Loan Party or any Subsidiary of any of them. 

        "Customary Permitted Liens" means, with respect to any Person, any of the following Liens: 

        (a)   (i) Liens
with respect to the payment of taxes, assessments or governmental charges or (ii) other Liens securing obligations not exceeding $500,000, in
each case that are not yet due or that are being contested in good faith by appropriate proceedings and with respect to which adequate reserves or other appropriate provisions are being maintained to
the extent required by GAAP; 

        (b)   Liens
of landlords arising by statute and liens of suppliers, mechanics, carriers, materialmen, warehousemen or workmen and other similar Liens, in each case
(i) imposed by law or arising in the ordinary course of business, (ii) for amounts not overdue by more than 60 days or that are being contested in good faith by appropriate
proceedings and (iii) with respect to which adequate reserves or other appropriate provisions are being maintained to the extent required by GAAP; 

        (c)   deposits
made in the ordinary course of business in connection with workers' compensation, unemployment insurance, other types of social security benefits or to secure
other public or statutory obligations or to secure the performance of bids, tenders, sales, contracts (other than for the repayment of borrowed money) and surety, appeal, customs or performance bonds; 

        (d)   encumbrances
arising by reason of zoning restrictions, easements, licenses, reservations, covenants, rights-of-way, utility easements, building
restrictions and other similar encumbrances on the use of real property not materially detracting from the value of such real property or not materially interfering with the ordinary conduct of the
business conducted and proposed to be conducted at such real property; 

        (e)   encumbrances
arising under leases or subleases of real property that do not, in the aggregate, materially detract from the value of such real property or interfere with
the ordinary conduct of the business conducted and proposed to be conducted at such real property; and 

        (f)    financing
statements with respect to a lessor's rights in and to personal property leased to such Person in the ordinary course of such Person's business other than
through a Capital Lease. 

        "DataPath, Inc." means DataPath, Inc., a Georgia corporation. 

        "Debt Issuance" means the incurrence of Indebtedness of the type specified in  clause (a) or (b) of the definition of
 "indebtedness" by the Borrower or any of its Subsidiaries. 

        "Default" means any event that, with the passing of time or the giving of notice or both, would become an Event of Default. 

7

 

        "Deposit Account" has the meaning given to such term in the UCC. 

        "Deposit Account Bank" means a financial institution selected or approved by the Administrative Agent. 

        "Deposit Account Control Agreement" has the meaning specified in the Pledge and Security Agreement. 

        "Designated Foreign Taxes" means any present or future stamp or documentary taxes or any other excise or property taxes, charges or
similar levies imposed by any non-U.S. jurisdiction arising as a result of (a) the Borrower's or a Subsidiary of the Borrower's nexus with such jurisdiction, (b) a payment
being made by the Borrower or any Subsidiary of the Borrower from an office or account established in such jurisdiction, (c) the Borrower or any Subsidiary of the Borrower owning assets in such
jurisdiction or (d) the sale by the Borrower or any Subsidiary of the Borrower of assets in such jurisdiction or of pledged stock of any entity organized under the laws of such jurisdiction. 

        "Disqualified Stock" means with respect to any Person, any Stock that, by its terms (or by the terms of any Security into which it is
convertible or for which it is exchangeable), or upon the happening of any event, matures or is mandatorily redeemable, pursuant to a sinking fund obligation or otherwise, or is exchangeable for
Indebtedness of such Person, or is redeemable at the option of the holder thereof, in whole or in part, on or prior to the Scheduled Termination Date. 

        "Documentary Letter of Credit" means any Letter of Credit that is drawable upon presentation of documents evidencing the sale or shipment
of goods purchased by the Borrower or any of its Subsidiaries in the ordinary course of its business. 

        "Documentation Agents" means each of Commerce Bank, N.A. and Wachovia Bank, National Association, in its capacity as documentation agent. 

        "Dollar Equivalent" of any amount means, at the time of determination thereof, (a) if such amount is expressed in Dollars, such
amount, (b) if such amount is expressed in an Alternative Currency, the equivalent of such amount in Dollars determined by using the rate of exchange quoted by Citibank in New York, New York at
11:00 am. (New York time) on the date of determination (or, if such date is not a Business Day, the last Business Day prior thereto) to prime banks in New York for the spot purchase in the New York
foreign exchange market of such amount of Dollars with such Alternative Currency and (c) if such amount is denominated in any other currency, the equivalent of such amount in Dollars as
determined by the Administrative Agent using any method of determination it deems appropriate. 

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

        "Domestic Lending Office" means, with respect to any Lender, the office of such Lender specified as its "Domestic
Lending Office" opposite its name on Schedule II (Applicable Lending Offices and Addresses for Notices) or on the
Assignment and Acceptance by which it became a Lender or such other office of such Lender as such Lender may from time to time specify to the Borrower and the Administrative Agent. 

        "Domestic Person" means any "United States person" under and as defined in
Section 7704(a)(30) of the Code. 

        "Domestic Subsidiary" means any Subsidiary of the Borrower organized under the laws of any state of the United States of America or the
District of Columbia. 

8

  

        "EBITDA" means, with respect to any Person for any period, (a) Consolidated Net Income of such Person for such period  plus (b) the sum of, in each case to the
extent included in the calculation of such Consolidated Net Income but without duplication,
(i) any provision for income taxes, (ii) Interest Expense, (iii) loss from extraordinary or non-recurring items (including restructuring charges),
(iv) depreciation, depletion and amortization expenses and (v) all other non-cash charges and non-cash losses for such period, including the amount of any
compensation deduction as the result of any grant of Stock or Stock Equivalents to employees, officers, directors or consultants minus (c) the
sum of, in each case to the extent included in the calculation of such Consolidated Net Income but without duplication, (i) any credit for income tax, (ii) interest income,
(iii) gains from extraordinary items for such period, (iv) any aggregate net gain (but not any aggregate net loss) from the sale, exchange or other disposition of capital assets by such
Person and (v) any other non-cash gains or other items which have been added in determining Consolidated Net Income, including any reversal of a change referred to in  clause (b)(v) above by
reason of a decrease in the value of any Stock or Stock Equivalent. 

        "Eligible Assignee" means (a) a Lender or an Affiliate or Approved Fund of any Lender, (b) a commercial bank having total
assets whose Dollar Equivalent exceeds $5,000,000,000, (c) a finance company, insurance company or any other financial institution or Fund, in each case reasonably acceptable to the
Administrative Agent and regularly engaged in making, purchasing or investing in loans and having a net worth, determined in accordance with GAAP, whose Dollar Equivalent exceeds $250,000,000 (or, to
the extent net worth is less than such amount, a finance company, insurance company, other financial institution or Fund, reasonably acceptable to the Administrative Agent and the Borrower) or
(d) a savings and loan association or savings bank organized under the laws of the United States or any State thereof having a net worth, determined in accordance with GAAP, whose Dollar
Equivalent exceeds $250,000,000. 

        "Employee Stock Plan" means any employee benefit plan of any Subsidiary of the Borrower providing employees of such Subsidiary options to
purchase common stock not exceeding in the aggregate 10% of the aggregate outstanding Stock of such Subsidiary. 

        "Entitlement Holder" has the meaning given to such term in the UCC. 

        "Entitlement Order" has the meaning given to such term in the UCC. 

        "Environmental Laws" means all applicable Requirements of Law now or hereafter in effect and as amended or supplemented from time to time,
relating to pollution or the regulation and protection of
human or animal health, safety, the environment or natural resources, including the Comprehensive Environmental Response, Compensation, and Liability Act of 1980, as amended (42 U.S.C. §
9601 et seq.); the Hazardous Material Transportation Act, as amended (49 U.S.C. § 5101 et
seq.); the Federal Insecticide, Fungicide, and Rodenticide Act, as amended (7 U.S.C. § 136 et seq.); the Resource
Conservation and Recovery Act, as amended (42 U.S.C. § 6901 et seq.); the Toxic Substance Control Act, as amended (15 U.S.C. §
2601 et seq.); the Clean Air Act, as amended (42 U.S.C. § 7401 et seq.); the Federal Water
Pollution Control Act, as amended (33 U.S.C. § 1251 et seq.); the Occupational Safety and Health Act, as amended (29 U.S.C. §
651 et seq.); the Safe Drinking Water Act, as amended (42 U.S.C. § 300f et seq.); and each
of their state and local counterparts or equivalents and any transfer of ownership notification or approval statute, including the Industrial Site Recovery Act (N.J. Stat. Ann. §
13:lK-6 et seq.).

        "Environmental Liabilities and Costs" means, with respect to any Person, all liabilities, obligations, responsibilities, Remedial Actions,
losses, damages, punitive damages, consequential damages, treble damages, costs and expenses (including all fees, disbursements and expenses of counsel, experts and consultants and costs of
investigation and feasibility studies), fines, penalties, sanctions and interest incurred as a result of any claim or demand by any other Person, whether based in contract, tort, implied or express
warranty, strict liability, criminal or civil statute and 

9

 

whether
arising under any Environmental Law, Permit, order or agreement with any Governmental Authority or other Person, in each case relating to any environmental, health or safety condition or to
any Release or threatened Release and resulting from the past, present or future operations of, or ownership of property by, such Person or any of its Subsidiaries. 

        "Environmental Lien" means any Lien in favor of any Governmental Authority for Environmental Liabilities and Costs. 

        "Equipment" has the meaning given to such term in the UCC. 

        "Equity Issuance" means the issue or sale of any Stock of the Borrower or any Subsidiary of the Borrower by the Borrower or any Subsidiary
of the Borrower to any Person other than the Borrower or any Subsidiary of the Borrower. 

        "ER1SA" means the United States Employee Retirement Income Security Act of 1974. 

        "ERISA Affiliate" means any trade or business (whether or not incorporated) under common control or treated as a single employer with the
Borrower or any of its Subsidiaries within the meaning of Section 414(b), (c), (m) or (o) of the Code. 

        "ERISA Event" means (a) a reportable event described in Section 4043(b) or 4043(c)(1), (2), (3), (5), (6), (8) or
(9) of ERISA with respect to a Title IV Plan or a Multiemployer Plan, (b) the withdrawal of the Borrower, any of its Subsidiaries or any ERISA Affiliate from a Title IV Plan subject to
Section 4063 of ERISA during a plan year in which it was a substantial employer, as defined in Section 4001(a)(2) of ERISA, (c) the complete or partial withdrawal of the Borrower,
any of its Subsidiaries or any ERISA Affiliate from any Multiemployer Plan, (d) notice of reorganization or insolvency of a Multiemployer Plan, (e) the filing of a notice of intent to
terminate a Title IV Plan or the treatment of a plan amendment as a termination under Section 4041 of ERISA, (f) the institution of proceedings to terminate a Title IV Plan or
Multiemployer Plan by the PBGC, (g) the failure to make any required contribution to a Title IV Plan or Multiemployer Plan, (h) the imposition of a lien under Section 412 of the
Code or Section 302 of ERISA on the Borrower or any of its Subsidiaries or any ERISA Affiliate or (i) any other event or condition that might reasonably be expected to constitute grounds
under Section 4042 of ERISA for the termination of, or the appointment of a trustee to administer, any Title IV Plan or Multiemployer Plan or the imposition of any liability under Title IV of
ERISA, other than for PBGC premiums due but not delinquent under Section 4007 of ERISA. 

        "Eurocurrency Liabilities" has the meaning assigned to that term in Regulation D of the Federal Reserve Board. 

        "Eurodollar Base Rate" means, with respect to any Interest Period for any Eurodollar Rate Loan, the rate determined by the Administrative
Agent to be the offered rate for deposits in Dollars for the applicable Interest Period appearing on the Dow Jones Markets Telerate Page 3750 as of 11:00 a.m., London time, on the second full
Business Day next preceding the first day of each Interest Period. In the event that such rate does not appear on the Dow Jones Markets Telerate Page 3750 (or otherwise on the Dow Jones Markets
screen), the Eurodollar Base Rate for the purposes of this definition shall be determined by reference to such other comparable publicly available service for displaying eurodollar rates as may be
reasonably selected by the Administrative Agent and the Borrower. 

        "Eurodollar Lending Office" means, with respect to any Lender, the office of such Lender specified as its
"Eurodollar Lending Office" opposite its name on Schedule II (Applicable Lending Offices and Addresses for
Notices) or on the Assignment and Acceptance by which it became a Lender (or, if no such office is specified, its Domestic Lending Office) or such other office of such 

10

 

Lender
as such Lender may from time to time specify to the Borrower and the Administrative Agent. 

        "Eurodollar Rate" means, with respect to any Interest Period for any Eurodollar Rate Loan, an interest rate per
annum equal to the rate per annum obtained by dividing (a) the Eurodollar Base Rate by (b)(i) a percentage equal
to 100% minus (ii) the reserve percentage applicable two Business Days before the first day of such Interest Period under regulations issued from
time to time by the Federal Reserve Board for determining the maximum reserve requirement (including any emergency, supplemental or other marginal reserve requirement) for a member bank of the Federal
Reserve System in New York City with respect to liabilities or assets consisting of or including Eurocurrency Liabilities (or with respect to any other category of liabilities that includes deposits
by reference to which the Eurodollar Rate is determined) having a term equal to such Interest Period. 

        "Eurodollar Rate Loan" means any Loan that, for an Interest Period, bears interest based on the Eurodollar Rate. 

        "Event of Default" has the meaning specified in Section 9.1 (Events of Default).

        "Excess Cash Flow" means, for the Borrower for any period, (a) EBITDA of the Borrower for such period  plus (b) the excess, if any, of the Working Capital of
the Borrower at the beginning of such period over the Working Capital of the Borrower at
the end of such period minus (c) the sum of (without duplication) (i) scheduled and mandatory cash principal payments on the Loans during
such period and optional cash principal payments on the Loans during such period (but only, in the case of payment in respect of Revolving Loans, to the extent that the Revolving Credit Commitments
are permanently reduced by the amount of such payments), (ii) scheduled cash principal payments made by the Borrower or any of its Subsidiaries during such period on other Indebtedness to the
extent such other Indebtedness and payments are permitted by this Agreement, (iii) scheduled payments made by the Borrower or any of its Subsidiaries on Capital Lease Obligations to the extent
such Capital Lease Obligations and payments are permitted by this Agreement, (iv) Capital Expenditures made by the Borrower or any of its Subsidiaries during such period to the extent permitted
by this Agreement, (v) the excess, if any, of the Working Capital of the Borrower at the end of such period over the Working Capital of the Borrower at the beginning of such period and
(vi) cash consideration paid in connection with Permitted Investments made during such period to the extent permitted by Section 8.3
(Investments).

        "Excluded Foreign Subsidiary" means any Subsidiary that is not a Domestic Subsidiary in respect of which either (a) the pledge of
all of the Stock of such Subsidiary as Collateral to secure payment of the Obligations of the Borrower, (b) the grant of a Lien on any of its property as Collateral to secure payment of the
Obligations of the Borrower or (c) the guaranteeing by such Subsidiary of the Obligations of the Borrower, would, in the good faith judgment of the Borrower based on an analysis reasonably
satisfactory to the Administrative Agent, result in adverse tax consequences to such Subsidiary or the Borrower or any other Subsidiary of the Borrower; provided,
however, that no such Subsidiary shall be an Excluded Foreign Subsidiary for so long as, with substantially similar tax consequences, such Subsidiary has entered into Guaranty
Obligations in respect of, such Subsidiary has granted a security interest in any of its property to secure, or more than 66% of the Stock of such Subsidiary has been pledged to secure, directly or
indirectly, any obligations under any Indebtedness (other than the Obligations) of any Loan Party. 

        "Existing Agent" means RBC Centura Bank, in its capacity as agent under the Existing Loan Agreement. 

        "Existing Loan Agreement" means that certain Loan Agreement, dated as of September 16, 2004, among the DataPath, Inc. and
the Existing Agent. 

11

 

        "Existing Notes" means the senior subordinated notes, dated September 16, 2004 issued in favor of Triangle Mezzanine Fund, LLLP,
Banyan Mezzanine Fund, LP and Yellow Sign, Inc. by DataPath, Inc. 

        "Facilities" means (a) the Term Loan Facility and (b) the Revolving Credit Facility. 

        "Facility Increase" has the meaning specified in Section 2.18 (Facility Increase).

        "Facility Increase Extension Date" has the meaning specified in Section 2.18 (Facility
Increase).

        "Facility Increase Lenders" has the meaning specified in Section 3.4(a) (Conditions Precedent to Each
Facility Increase).

        "Fair Market Value" means (a) with respect to any asset or group of assets (other than a marketable Security) at any date, the
value of the consideration obtainable in a sale of such asset at such date assuming a sale by a willing seller to a willing purchaser dealing at arm's length and arranged in an orderly manner over a
reasonable period of time having regard to the nature and characteristics of such asset, as reasonably determined by the board of directors of the Borrower or, if such asset shall have been the
subject of a relatively contemporaneous appraisal by an independent third party appraiser, the basic assumptions underlying which have not materially changed since its date, the value set forth in
such appraisal and (b) with respect to any marketable Security at any date, the closing sale price of such Security on the Business Day next preceding such date, as appearing in any published
list of any national securities exchange or the NASDAQ Stock Market or, if there is no such closing sale price of such Security, the final price for the purchase of such Security at face value quoted
on such Business Day by a financial institution of recognized standing regularly dealing in Securities of such type and selected by the Administrative Agent. 

        "Federal Funds Rate" means, for any period, a fluctuating interest rate per annum equal
for each day during such period to the weighted average of the rates on overnight Federal funds transactions with members of the Federal Reserve System arranged by Federal funds brokers, as published
for such day (or, if such day is not a Business Day, for the next preceding 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 of the quotations for such day on such transactions received by the Administrative Agent from three Federal funds brokers of recognized standing selected by it. 

        "Federal Reserve Board" means the Board of Governors of the United States Federal Reserve System, or any successor thereto. 

        "Fee Letter" shall mean the letter dated September 7, 2005, addressed to the Borrower from CGMI and accepted by the Borrower on
September 7, 2005, with respect to certain fees to be paid from time to time to CGMI and the Administrative Agent. 

        "Financial Asset" has the meaning given to such term in the UCC. 

        "Financial Statements" means the financial statements of the Borrower and its Subsidiaries delivered in accordance with  Section 4.4 (Financial Statements) and
Section 6.1 (Financial Statements).

        "Fiscal Quarter" means each of the three month periods ending on March 31, June 30, September 30 and
December 31. 

        "Fiscal Year" means the twelve month period ending on December 31. 

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

12

 

        "GAAP" means generally accepted accounting principles in the United States of America as in effect from time to time set forth in the
opinions and pronouncements of the Accounting Principles Board and the American Institute of Certified Public Accountants and the statements and pronouncements of the Financial Accounting Standards
Board, or in such other statements by such other entity as may be
in general use by significant segments of the accounting profession, that are applicable to the circumstances as of the date of determination. 

        "General Intangible" has the meaning given to such term in the UCC. 

        "Governmental Authority" means any nation, sovereign or government, any state or other political subdivision thereof and any entity or
authority exercising executive, legislative, judicial, regulatory or administrative functions of or pertaining to government, including any central bank or stock exchange. 

        "Guarantor" means each Subsidiary of the Borrower party to or that becomes party to the Guaranty. 

        "Guaranty" means the guaranty, in substantially the form of Exhibit G (Form of
Guaranty), executed by the Guarantors. 

        "Guaranty Obligation" means, as applied to any Person, any direct or indirect liability, contingent or otherwise, of such Person with
respect to any Indebtedness of another Person, if the purpose or intent of such Person in incurring the Guaranty Obligation is to provide assurance to the obligee of such Indebtedness that such
Indebtedness will be paid or discharged, that any agreement relating thereto will be complied with, or that any holder of such Indebtedness will be protected (in whole or in part) against loss in
respect thereof, including (a) the direct or indirect guaranty, endorsement (other than for collection or deposit in the ordinary course of business), co-making, discounting with
recourse or sale with recourse by such Person of Indebtedness of another Person and (b) any liability of such Person for Indebtedness of another Person through any legally enforceable agreement
(contingent or otherwise) (i) to purchase, repurchase or otherwise acquire such Indebtedness or any security therefor or to provide funds for the payment or discharge of such Indebtedness
(whether in the form of a loan, advance, stock purchase, capital contribution or otherwise), (ii) to maintain the solvency or any balance sheet item, level of income or financial condition of
another Person, (iii) to make take-or-pay or similar payments, if required, regardless of non-performance by any other party or parties to an agreement,
(iv) to purchase, sell or lease (as lessor or lessee) property, or to purchase or sell services, primarily for the purpose of enabling the debtor to make payment of such Indebtedness or to
assure the holder of such Indebtedness against loss or (v) to supply funds to, or in any other manner invest in, such other Person (including to pay for property or services irrespective of
whether such property is received or such services are rendered), if in the case of any agreement described under clause (b)(i), (ii), (iii),
(iv) or (v) above the primary purpose or intent thereof is to provide assurance that Indebtedness of another Person will be paid
or discharged, that any agreement relating thereto will be complied with or that any holder of such Indebtedness will be protected (in whole or in part) against loss in respect thereof. The amount of
any Guaranty Obligation shall be equal to the amount of the Indebtedness so guaranteed or otherwise supported. 

        "Hedging Contracts" means all Interest Rate Contracts, foreign exchange contracts, currency swap or option agreements, forward contracts,
commodity swap, purchase or option agreements, other
commodity price hedging arrangements and all other similar agreements or arrangements designed to alter the risks of any Person arising from fluctuations in interest rates, currency values or
commodity prices. 

        "Incremental Term Loans" has the meaning specified in Section 2.18 (Facility
Increase).

13

 

        "Indebtedness" of any Person means without duplication (a) all indebtedness of such Person for borrowed money, (b) all
obligations of such Person evidenced by notes, bonds, debentures or similar instruments or that bear interest, (c) all reimbursement and all obligations with respect to letters of credit,
bankers' acceptances, surety bonds and performance bonds, whether or not matured, (d) all indebtedness for the deferred purchase price of property or services, other than trade payables
incurred in the ordinary course of business that are not overdue by more than 90 days, (c) all indebtedness of such Person created or arising under any conditional sale or other title
retention agreement with respect to property acquired by such Person (even though the rights and remedies of the seller or lender under such agreement in the event of default are limited to
repossession or sale of such property but, in such case, the amount of Indebtedness shall be deemed to be the lesser of the actual monetary obligation so secured or the value of the property),
(f) all Capital Lease Obligations of such Person and the present value of future rental payments under all synthetic leases, (g) all Guaranty Obligations of such Person, (h) all
obligations of such Person to purchase, redeem, retire, defease or otherwise acquire for value any Stock or Stock Equivalents of such Person, valued, in the case of redeemable preferred stock, at the
greater of its voluntary liquidation preference and its involuntary liquidation preference plus accrued and unpaid dividends, (i) all payments that such Person would have to make in the event
of an early termination on the date Indebtedness of such Person is being determined in respect of Hedging Contracts of such Person and (j) all Indebtedness of the type referred to above secured
by (or for which the holder of such Indebtedness has an existing right, contingent or otherwise, to be secured by) any Lien upon or in property (including Accounts and General Intangibles) owned by
such Person, even though such Person has not assumed or become liable for the payment of such Indebtedness, but, in such case, the amount of Indebtedness shall be deemed to be the lesser of the actual
monetary obligation so secured or the value of the property. 

        "Indemnified Matter" has the meaning specified in Section 11.4 (Indemnities).

        "Indemnitee" has the meaning specified in Section 11.4 (Indemnities).

        "Interest Coverage Ratio" means, with respect to any Person for any period, the ratio of (a) EBITDA of such Person for such period
to (b) Cash Interest Expense of such Person for such period. 

        "Interest Expense" means, for any Person for any period, (a) Consolidated total interest expense of such Person and its
Subsidiaries for such period and including, in any event, interest capitalized during such period and Consolidated net losses under Interest Rate Contracts for such period  minus (b) Consolidated
net gains of such Person and its Subsidiaries under Interest Rate Contracts for such period and
minus (c) interest income earned during such period. 

        "Interest Period" means, in the case of any Eurodollar Rate Loan, (a) initially, four successive one-week periods
commencing on the date indicated on the Notice of Borrowing given to the Administrative Agent pursuant to Section 2.2 (Borrowing Procedures) on
or following the Closing Date and, thereafter, the period commencing on the date such Eurodollar Rate Loan is made or on the date of conversion of a Base Rate Loan to such Eurodollar Rate Loan or on
the date of continuation of such Eurodollar Rate Loan and ending one, two, three or six months thereafter, as selected by the Borrower in its Notice of Borrowing or Notice of Conversion or
Continuation given to the Administrative Agent pursuant to Section 2.2 (Borrowing Procedures) or Section 2.11
(Conversion/Continuation Option) and (b) thereafter, if such Loan is continued, in whole or in part, as a Eurodollar Rate Loan pursuant to  Section 2.11 (Conversion/Continuation Option),
 a period commencing on the last day of the immediately preceding Interest Period therefor and
ending one, two, three or six months thereafter, as selected by the Borrower in its Notice of Conversion or Continuation given to the Administrative Agent pursuant to  Section 2.11 (Conversion/Continuation  

14

 

 Option); provided, however, that all of the foregoing provisions relating to Interest Periods in respect of Eurodollar Rate Loans are subject to the following: 

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

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

        (c)   the
Borrower may not select any Interest Period that ends after the date of a scheduled principal payment on the Loans as set forth in  Article II (The Facilities) unless, after giving effect to such
selection, the aggregate unpaid principal amount of the Loans for which Interest
Periods end after such scheduled principal payment shall be equal to or less than the principal amount to which the Loans are required to be reduced after such scheduled principal payment is made; 

        (d)   the
Borrower may not select any Interest Period in respect of Loans having an aggregate principal amount of less than $5,000,000; and 

        (e)   there
shall be outstanding at any one time no more than eight Interest Periods in the aggregate. 

        "Interest Rate Contracts" means all interest rate swap agreements, interest rate cap agreements, interest rate collar agreements and
interest rate insurance. 

        "Inventory" has the meaning given to such term in the UCC. 

        "Investment" means, with respect to any Person, (a) any purchase or other acquisition by such Person of (i) any Security
issued by, (ii) a beneficial interest in any Security issued by, or (iii) any other equity ownership interest in, any other Person, (b) any purchase by such Person of all or a
significant part of the assets of a business conducted by any other Person, or all or substantially all of the assets constituting the business of a division, branch or other unit operation of any
other Person, (c) any loan, advance (other than deposits with financial institutions available for withdrawal on demand, prepaid expenses, accounts receivable and similar items made or incurred
in the ordinary course of business) or capital contribution by such Person to any other Person, including all Indebtedness of any other Person to such Person arising from a sale of property by such
Person other than in the ordinary course of its business, and (d) any Guaranty Obligation incurred by such Person in respect of Indebtedness of any other Person. 

        "IRS" means the Internal Revenue Service of the United States or any successor thereto. 

        "Issue" means, with respect to any Letter of Credit, to issue, extend the expiry of, renew or increase the maximum face amount (including
by deleting or reducing any scheduled decrease in such maximum face amount) of, such Letter of Credit. The terms "Issued" and
"Issuance" shall have a corresponding meaning. 

        "Issuer" means each Lender or Affiliate of a Lender that (a) is listed on the signature pages hereof as an
"Issuer" or (b) hereafter becomes an Issuer with the approval of the Administrative Agent and the Borrower by agreeing pursuant to an agreement
with and in form and substance satisfactory to the Administrative Agent and the Borrower to be bound by the terms hereof applicable to Issuers. 

        "Land" of any Person means all of those plots, pieces or parcels of land now owned, leased or hereafter acquired or leased or purported to
be owned, leased or hereafter acquired or leased 

15

 

(including,
in respect of the Loan Parties, as reflected in the most recent Financial Statements) by such Person. 

        "Landlord Access Agreement" means a letter in form and substance reasonably acceptable to the Administrative Agent and executed by a
landlord or lessor in respect of the Collateral of the Borrower or any of its Domestic Subsidiaries located at any leased premises of the Borrower or any of its Domestic Subsidiaries pursuant to which
such landlord or lessor, among other things, acknowledges the security interest in the Collateral granted by the applicable Loan Party to the Administrative Agent, grants the Administrative Agent a
right to access the leased premises for purposes of taking actions with respect to the Collateral (including removal thereof) and agrees that any Lien on the Collateral which it may have is
subordinate to the Lien of the Administrative Agent. 

        "Lender" means the Swing Loan Lender and each other financial institution or other entity that (a) is listed on the signature pages
hereof as a "Lender" or (b) from time to time becomes a party hereto by execution of an
Assignment and Acceptance. 

        "Letter of Credit" means any letter of credit Issued pursuant to Section 2.4 (Letters of
Credit).

        "Letter of Credit Obligations" means, at any time, the aggregate of all liabilities at such time of the Borrower to all Issuers with
respect to Letters of Credit, whether or not any such liability is contingent, including, without duplication, the sum of (a) the Reimbursement Obligations at such time and (b) the
Letter of Credit Undrawn Amounts at such time. 

        "Letter of Credit Reimbursement Agreement" has the meaning specified in Section 2.4(a) (Letters of
Credit).

        "Letter of Credit Request" has the meaning specified in Section 2.4(c) (Letters of
Credit).

        "Letter of Credit Sublimit" means $15,000,000. 

        "Letter of Credit Undrawn Amounts" means, at any time, the aggregate undrawn face amount of all Letters of Credit outstanding at such
time. 

        "Leverage Ratio" means, with respect to any Person as of the end of any Fiscal Quarter (or on such other applicable date on a  Pro Forma Basis), the ratio of
(a) Consolidated Indebtedness (other than Indebtedness described in  clause (i) or, to the extent collateralized with cash or Cash Equivalents, clause (c)
 of
the definition thereof) of such Person and its Subsidiaries outstanding as of such date to (b) EBITDA for such Person for the last four Fiscal Quarter period ending on or before such date. 

        "Lien" means any mortgage, deed of trust, pledge, hypothecation, assignment, charge, deposit arrangement, encumbrance, lien (statutory or
other), security interest or preference, priority or other security agreement or preferential arrangement of any kind or nature whatsoever intended to assure payment of any Indebtedness or the
performance of any other obligation, including any conditional sale or other title retention agreement, the interest of a lessor under a Capital Lease and any financing lease having substantially the
same economic effect as any of the foregoing, and the filing of any financing statement under the UCC or comparable law of any jurisdiction naming the owner of the asset to which such Lien relates as
debtor. 

        "Loan" means any loan made by any Lender pursuant to this Agreement, including any Incremental Term Loans made pursuant to  Section 2.18 (Facility Increase).

16

  

        "Loan Documents" means, collectively, this Agreement, the Notes (if any), the Guaranty, the Fee Letter, the Syndication Letter Agreement
and each Letter of Credit Reimbursement Agreement, each Hedging Contract between any Loan Party and any Person that was a Lender or an Affiliate of a Lender at the time it entered into such Hedging
Contract, each Cash Management Document, the Collateral Documents and each certificate, agreement or document executed by a Loan Party and delivered to the Administrative Agent or any Lender in
connection with or pursuant to any of the foregoing. 

        "Loan Party" means each of the Borrower and each Guarantor. 

        "Material Adverse Change" means a material adverse change in any of (a) the condition (financial or otherwise), business,
performance, prospects, operations or properties of the Borrower and its Subsidiaries, taken as a whole, (b) the legality, validity or enforceability in any material respect of any Loan
Document, (c) the perfection or priority of the Liens granted pursuant to the Collateral Documents, (d) the ability of the Borrower or the Guarantors, taken as a whole, to perform their
material obligations under the Loan Documents or (e) the ability of the Administrative Agent and the Lenders to enforce the Loan Documents in all material respects. 

        "Material Adverse Effect" means an effect that results in or causes, or could reasonably be expected to result in or cause, a Material
Adverse Change. 

        "Moody's" means Moody's Investors Service, Inc. 

        "Mortgage Supporting Documents" means, with respect to a Mortgage for a parcel of Real Property, each the following: 

        (a)   (i) evidence
in form and substance reasonably satisfactory to the Administrative Agent that the recording of counterparts of such Mortgage in the recording
offices specified in such Mortgage will create a valid and enforceable first priority lien on property described therein in favor of the Administrative Agent for the benefit of the Secured Parties (or
in favor of such other trustee as may be required or desired under local law) subject only to (A) Liens permitted under Section 8.2 (Liens,
Etc.) and (B) such other Liens as the Administrative Agent may reasonably approve and (ii) an opinion of counsel in each state in which any such Mortgage is to be
recorded in form and substance and from counsel reasonably satisfactory to the Administrative Agent; 

        (b)   (i) a
Mortgagee's Title Policy dated a date reasonably satisfactory to the Administrative Agent, and shall (A) be in an amount not less than the appraised
value (determined by reference to an appraisal) of such parcel of Real Property in form and substance reasonably satisfactory to the Administrative Agent, (B) be issued at ordinary rates,
(C) insure that the Lien granted pursuant to the Mortgage insured thereby creates a valid first Lien on such parcel of Real Property free and clear of all defects and encumbrances, except for
Customary Permitted Liens and for such defects and encumbrances as may be approved by the Administrative Agent and the Liens contemplated by  clause (a) above, (D) name the Administrative Agent
for the benefit of the Secured Parties as the insured thereunder, (E) be on
standard ALTA form of loan policy (or such local equivalent thereof as is reasonably satisfactory to the Administrative Agent), (F) contain a comprehensive lender's endorsement (including, but
not limited to, a revolving credit endorsement and a floating rate endorsement), (G) be issued by Chicago Title Insurance Company, First American Title Insurance Company, Lawyers Title
Insurance Corporation or any other title company reasonably satisfactory to the Administrative Agent and (H) be otherwise in form and substance reasonably satisfactory to the Administrative
Agent and (ii) a copy of all documents referred to, or listed as exceptions to title, in such title policy (or policies) in each case in form and substance reasonably satisfactory to the
Administrative Agent; 

17

 

        (c)   maps
or plats based upon, and a current as-built survey of such parcel of Real Property certified to and received by (in a manner reasonably satisfactory to
each of them) the Administrative Agent and the title insurance company issuing the Mortgagee's Title Insurance Policy for such Mortgage, dated a date reasonably satisfactory to the Administrative
Agent and such title insurance company, by an independent professional licensed land surveyor reasonably satisfactory to the Administrative Agent and such title insurance company, which maps or plats
and the surveys on which they are based shall be made in form and substance reasonably satisfactory to the Administrative Agent; 

        (d)   evidence
in form and substance reasonably satisfactory to the Administrative Agent that all premiums in respect of each Mortgagee's Title Insurance Policy, all recording
fees and stamp, documentary, intangible or mortgage taxes, if any, in connection with the Mortgage have been paid; 

        (e)   a
Phase I (and a Phase II, if indicated as necessary by the Phase I) environmental report with respect to such parcel of Real Property, dated a date not more than
one year prior to the Closing Date (or earlier as may be reasonably approved by the Administrative Agent), showing no material condition of environmental concern and otherwise in form and substance
reasonably satisfactory to the Administrative Agent; and 

        (f)    such
other agreements, documents, instruments and UCC-1 fixture filings in form and substance reasonably satisfactory to the Administrative Agent and as
deemed by the Administrative Agent as reasonably necessary or reasonably advisable to create, register or otherwise perfect, maintain,
evidence the existence, substance, form or validity of, or enforce a valid and enforceable first priority lien on such parcel of Real Property in favor of the Administrative Agent for the benefit of
the Secured Parties (or in favor of such other trustee as may be required or desired under local law) subject only to (A) Liens permitted under Section 8.2
(Liens, Etc.) and (B) such other Liens as the Administrative Agent may reasonably approve. 

        "Mortgagee's Title Insurance Policy" means a mortgagee's title policy (or policies) or marked-up unconditional binder (or
binders) for such insurance (or other evidence reasonably acceptable to the Administrative Agent proving ownership thereof). 

        "Mortgages" means the mortgages, deeds of trust or other real estate security documents made or required herein to be made by the Borrower
or any other Loan Party, each in form and substance satisfactory to the Administrative Agent. 

        "Multiemployer Plan" means a multiemployer plan, as defined in Section 4001(a)(3) of ERISA, to which the Borrower, any of its
Subsidiaries or any ERISA Affiliate has any obligation or liability, contingent or otherwise. 

        "Net Cash Proceeds" means proceeds received by the Borrower or any of its Subsidiaries after the Closing Date in cash or Cash Equivalents
from any (a) Asset Sale, other than an Asset Sale permitted under Section 8.4(a), (b), (c)(i), (d), or (e) (Sale
of Assets), net of (i) the reasonable costs of sale, assignment or other disposition paid or payable in cash, (ii) taxes paid or reasonably estimated to be
payable as a result thereof and (iii) any amount required to be paid or prepaid on Indebtedness (other than the Obligations) secured by the assets subject to such Asset Sale,  provided, however,
that evidence of each of clauses (i), (ii) and  (iii) above is provided to the Administrative Agent in form and substance satisfactory to it,
(b) Property Loss Event or (c) any Debt
Issuance secured by a Lien except as permitted under Section 8.1(d) (Indebtedness), in each case net of brokers' and advisors' fees and other
costs incurred in connection with such transaction; provided, however, that in the case of this  clause (c), evidence of such costs is provided to the
Administrative Agent in form and substance satisfactory to it. 

18

 

        "New Subsidiaries" means each of DataPath Network Systems, LLC, a Georgia limited liability company, DataPath Networks Software, LLC, a
Georgia limited liability company, and DataPath Network Services, LLC, a Georgia limited liability company. 

        "Non-Cash Interest Expense" means, with respect to any Person for any period, the sum of the following amounts to the extent
included in the definition of Interest Expense (a) the amount of
debt discount and debt issuance costs amortized, (b) charges relating to write-ups or write-downs in the book or carrying value of existing Indebtedness, (c) interest payable
in evidences of Indebtedness or by addition to the principal of the related Indebtedness and (d) other non-cash interest. 

        "Non-Consenting Lender" has the meaning specified in Section 11.1(c) (Amendments, Waivers,
Etc.).

        "Non-Funding Lender" has the meaning specified in Section 2.2(d) (Borrowing
Procedures). 

        "Non-U.S. Lender" means each Lender or Issuer (or the Administrative Agent) that is a Non-U.S. Person. 

        "Non-U.S. Person" means any Person that is not a Domestic Person. 

        "Note" means any Revolving Credit Note or Term Loan Note. 

        "Notice of Borrowing" has the meaning specified in Section 2.2(a) (Borrowing
Procedures). 

        "Notice of Conversion or Continuation" has the meaning specified in Section 2.11 (Conversion/Continuation
Option). 

        "Obligations" means the Loans, the Letter of Credit Obligations and all other amounts, obligations, covenants and duties owing by the
Borrower to the Administrative Agent, any Lender, any Issuer, any Affiliate of any of them or any Indemnitee, of every type and description whether by reason of an extension of credit, opening or
amendment of a letter of credit or payment of any draft drawn or other payment thereunder, loan, guaranty, indemnification, foreign exchange or currency swap transaction, interest rate hedging
transaction or otherwise, present or future, arising under this Agreement or any other Loan Document (including Cash Management Documents and Hedging Contracts that are Loan Documents) and, in each
such case, whether direct or indirect (including those acquired by assignment), absolute or contingent, due or to become due, now existing or hereafter arising and however acquired and whether or not
evidenced by any note, guaranty or other instrument or for the payment of money, including all letter of credit, cash management and other fees, interest, charges, expenses, attorneys' fees and
disbursements provided for in any Loan Document, Cash Management Obligations and other sums chargeable to the Borrower under this Agreement, any other Loan Document and all obligations of the Borrower
under any Loan Document to provide cash collateral for any Letter of Credit Obligation. 

        "PBGC" means the Pension Benefit Guaranty Corporation or any successor thereto. 

        "Permit" means any permit, approval, authorization, license, variance or permission required from a Governmental Authority under an
applicable Requirement of Law. 

        "Permitted Investment" means any Proposed Investment subject to the satisfaction of each of the following conditions: 

        (i)    the
Administrative Agent shall receive at least 10 Business Days' prior written notice of such Proposed Investment, which notice shall include, without limitation, a
reasonably detailed description of such Proposed Investment; 

        (ii)   such
Proposed Investment shall involve a business permitted by Section 8.8 (Change in Nature of Business); 

19

 

        (iii)  such
Proposed Investment shall be consensual and, if such Proposed Investment is of the type described in  clause (i) or (ii) of such definition, shall have
been approved by the Proposed Acquisition
Target's board of directors; 

        (iv)  no
additional Indebtedness shall be incurred, assumed or otherwise be reflected on a Consolidated balance sheet of the Borrower and Proposed Acquisition Target after
giving effect to such Proposed Investment, except (a) Loans made hereunder (including pursuant to a Facility Increase) and (b) Indebtedness of the Proposed Acquisition Target to the
extent permitted by Section 8.1 (Indebtedness); 

        (v)   the
Dollar Equivalent of the sum of all amounts payable in consideration for such Proposed Investment and all other Permitted Investments consummated on or prior to the
date of the consummation of such Proposed Investment (including all Indebtedness, liabilities and Guaranty Obligations, reasonably estimated in good faith deferred obligations and earn-out
or other contingent obligations or liabilities incurred or assumed in connection therewith or otherwise reflected in a Consolidated balance sheet of the Borrower and Proposed Acquisition Target) shall
not exceed $100,000,000; provided, however, that the amount of Permitted Investments permitted by this  clause (v) shall be increased by an amount
equal to the lesser of (a) the aggregate amount of Net Cash
Proceeds applied to repay Loans under Section 2.9(a) (Mandatory Prepayments) from sales of Permitted Investments pursuant to  Section 8.4(f)(i) (Asset Sales)
on or prior to such date and (b) the aggregate amount originally paid as consideration for such
Permitted Investments (including all Indebtedness, liabilities and Guaranty Obligations, reasonably estimated in good faith deferred obligations and earn-out or other contingent
obligations or liabilities incurred or assumed in connection therewith or otherwise reflected in a Consolidated balance sheet of the Borrower); provided, further,
however, that at no time shall the aggregate amount of Permitted Investments exceed $100,000,000. 

        (vi)  at
or prior to the closing of such Proposed Investment, the Borrower (or the Guarantor making such Proposed Investment) and the Proposed Acquisition Target shall have
executed such documents and taken such actions as may be required under Section 7.11 (Additional Collateral and Guaranties) and  Section 7.13 (Real Property)
 such that all of the assets (including all assets owned by any joint venture with another Person or constituting
Stock or rights for purchase, acquisition or exchange of Stock in any joint venture with another Person or in the form of a Loan from the Borrower or any Guarantor to another Person) acquired in
connection with such Proposed Investment are pledged to secure the Obligations and any Subsidiary of the Borrower formed or acquired in connection with such Proposed Investment becomes a Guarantor on
a secured basis, in each case unless such Subsidiary is an Excluded Foreign Subsidiary; 

        (vii) the
Borrower shall have delivered to the Administrative Agent, in form reasonably satisfactory to the Administrative Agent, (a) sufficiently in advance and in
any case no later than 10 Business Days prior to such Proposed Investment, with respect to any Proposed Investment of the type described in clauses (i)
or (ii) of such definition, and with a purchase price exceeding $10,000,000. Consolidated (and consolidating, if available) financial statements
including a balance sheet and income statement (in each case audited, if available) of the Proposed Acquisition Target as of and for the then most recent four Fiscal Quarter period ended and
(b) such other financial information, financial analysis, documentation or other information relating to such Proposed Investment as the Administrative Agent or any Lender shall reasonably
request; 

        (viii) prior
to the date of such Proposed Investment, the Administrative Agent shall have received copies of the acquisition agreement, related Contractual Obligations and
instruments 

20

 

and
all opinions, certificates, lien search results and other documents reasonably requested by the Administrative Agent; 

        (ix)  at
the time of such Proposed Investment and after giving effect thereto, the sum of Available Credit and unencumbered (other than Liens securing the Obligations) cash
and Cash Equivalents of the Borrower and the Guarantors must equal at least $25,000,000; 

        (x)   on
or prior to the date of such Proposed Investment, the Administrative Agent shall have received a certificate of a Responsible Officer stating that at the time of such
Proposed Investment and after giving effect thereto, the Borrower will be in pro forma compliance with all of the covenants set forth in  Article V (Financial Covenants)
; and 

        (xi)  at
the time of such Proposed Investment and after giving effect thereto, (A) no Default or Event of Default shall have occurred and be continuing and
(B) all representations and warranties contained in Article IV (Representations and Warranties) and in the other Loan Documents shall be
true and correct in all material respects. 

        "Person" means an individual, partnership, corporation (including a business trust), joint stock company, estate, trust, limited liability
company, unincorporated association, joint venture or other entity or a Governmental Authority. 

        "Pledge and Security Agreement" means an agreement, in substantially the form of Exhibit H (Form of Pledge
and Security Agreement), executed by the Borrower and each Guarantor. 

        "Pledged Debt Instruments" has the meaning specified in the Pledge and Security Agreement. 

        "Pledged Stock" has the meaning specified in the Pledge and Security Agreement. 

        "Proceeds" has the meaning given to such term in the UCC. 

        "Pro Forma Basis" means, with respect to any determination for any period, that such determination shall be made giving  pro forma effect to each acquisition consummated
during such period, together with all transactions relating thereto consummated during such period
(including any incurrence, assumption, refinancing or repayment of Indebtedness), as if such acquisition and related transactions had been consummated on the first day of such period, in each case
based on historical results accounted for in accordance with GAAP and, to the extent applicable, reasonable assumptions that are specified in details in the relevant Compliance Certificate, Financial
Statement or other document provided to the Administrative Agent or any Lender in connection herewith in accordance with Regulation S-X of the Securities Act of 1933. 

        "Projections" means those financial projections covering the fiscal years ending in 2005 through 2010 inclusive, to be delivered to the
Lenders by the Borrower. 

        "Property Loss Event" means (a) any loss of or damage to property of the Borrower or any of its Subsidiaries that results in the
receipt by such Person of proceeds of insurance whose Dollar Equivalent exceeds $1,000,000 (individually or in the aggregate) or (b) any taking of property of any Loan Party that results in the
receipt by such Person of a compensation payment in respect thereof whose Dollar Equivalent exceeds $1,000,000 (individually or in the aggregate). 

        "Proposed Investment" means (i) the proposed acquisition by the Borrower or the Guarantors in or of all or substantially all of the
assets or Stock of any Proposed Acquisition Target, (ii) the merger of any Proposed Acquisition Target with or into the Borrower or the Guarantors (and, in the case of a merger with the
Borrower, with the Borrower being the surviving limited liability company) or (iii) any proposed loan to, joint venture with or any other investment in any other Person by the Borrower or the
Guarantors. 

21

 

        "Proposed Acquisition Target" means any Person or any operating division thereof subject to a Proposed Investment. 

        "Purchasing Lender" has the meaning specified in Section 11.8 (Sharing of Payments,
Etc.).

        "Qualified IPO" means an initial primary underwritten public offering of the common stock of the Borrower at any time after the Closing
Date (other than any public offering or sale pursuant to a registration statement on Form S-8 or a comparable or successor form) resulting in proceeds to the Borrower of at least
$100,000,000. 

        "Ratable Portion" or (other than in the expression "equally and
ratably")"ratably" means, with respect to any Lender, (a) with respect to
the Revolving Credit Facility, the percentage obtained by dividing (i) the Revolving Credit Commitment of such Lender by (ii) the aggregate Revolving Credit Commitments of all Lenders
(or, at any time after the Revolving Credit Termination Date, the percentage obtained by dividing the aggregate outstanding principal balance of the Revolving Credit Outstandings owing to such Lender
by the aggregate outstanding principal balance of the Revolving Credit Outstandings owing to all Lenders) and (b) with respect to the Term Loan Facility, the percentage obtained by dividing
(i) the Term Loan Commitment of such Lender by (ii) the aggregate Term Loan Commitments of all Lenders (or, at any time after the Closing Date, the percentage obtained by dividing the
principal amount of such Lender's Term Loans by the aggregate Term Loans of all Lenders). 

        "Real Property" of any Person means the Land of such Person, together with the right, title and interest of such Person, if any, in and to
the streets, the Land lying in the bed of any streets, roads or avenues, opened or proposed, in front of such Land, the air space and development rights pertaining to the
Land and the right to use such air space and development rights, all rights of way, privileges, liberties, tenements, hereditaments and appurtenances belonging or in any way appertaining thereto, all
fixtures, all easements now or hereafter benefiting the Land and all royalties and rights appertaining to the use and enjoyment of the Land, including all alley, vault, drainage, mineral, water, oil
and gas rights, together with all of the buildings and other improvements now or hereafter erected on the Land and any fixtures appurtenant thereto. 

        "Real Property Leases" means, with respect to any Person, all of those leasehold estates in real property of such Person, as lessee, as
such may be amended, supplemented or otherwise modified from time to time. 

        "Register" has the meaning specified in Section 2.7(b) (Section 2.7).

        "Reimbursement Date" has the meaning specified in Section 2.4(h) (Letters of
Credit).

        "Reimbursement Obligations" means, as and when matured, the obligation of the Borrower to pay, on the date payment is made or scheduled to
be made to the beneficiary under each such Letter of Credit (or at such later date as may be specified in the applicable Letter of Credit Reimbursement Agreement) and in the currency drawn (or in such
other currency as may be specified in the applicable Letter of Credit Reimbursement Agreement), all amounts of each draft and other requests for payments drawn under Letters of Credit, and all other
matured reimbursement or repayment obligations of the Borrower to any Issuer with respect to amounts drawn under Letters of Credit. 

        "Reinvestment Deferred Amount" means, with respect to any Net Cash Proceeds, the portion of such Net Cash Proceeds subject to a
Reinvestment Event. 

        "Reinvestment Event" means any Asset Sale under Section 8.4(c)(ii) or  (f) (Asset Sales) or Property Loss Event that
the Borrower (directly or indirectly through one of its Subsidiaries) intends and expects, so long as no
Default or Event of Default has occurred and is continuing, to use all or a specified portion of the Net Cash Proceeds of an Asset Sale under  Section 8.4(c)(ii) or 

22

 

 (f) (Asset Sales) or Property Loss Event to acquire replacement assets useful in its or one of its Subsidiaries' businesses or, in the case of a Property Loss Event, to effect
repairs. 

        "Reinvestment Prepayment Amount" means, with respect to any Net Cash Proceeds of any Reinvestment Event, the Reinvestment Deferred Amount
for such Net Cash Proceeds less any amount expended or
required to be expended pursuant to a Contractual Obligation entered into prior to the relevant Reinvestment Prepayment Date for such Net Cash Proceeds to acquire replacement assets useful in the
business of the Borrower or any of its Subsidiaries or, in the case of a Property Loss Event, to effect repairs. 

        "Reinvestment Prepayment Date" means, with respect to any Net Cash Proceeds of any Reinvestment Event, the earlier of (a) the date
occurring 365 days after such Reinvestment Event and (b) the date that is three Business Days after the date on which the Borrower shall have delivered financial statements pursuant to  Section 6.1(a) (Financial
Statements) indicating to the Administrative Agent the Borrower's determination not to acquire replacement assets
useful in the Borrower's or a Subsidiary's business (or, in the case of a Property Loss Event, not to effect repairs) with all or any portion of the relevant Reinvestment Deferred Amount for such Net
Cash Proceeds. 

        "Release" means, with respect to any Person, any release, spill, emission, leaking, pumping, injection, deposit, disposal, discharge,
dispersal, leaching or migration, in each case, of any Contaminant into the indoor or outdoor environment or into or out of any property owned, leased or operated by such Person, including the
movement of Contaminants through or in the air, soil, surface water, ground water or property. 

        "Remedial Action" means all actions required to (a) clean up, remove, treat or in any other way address any Contaminant in the
indoor or outdoor environment, (b) prevent the Release or threat of Release or minimize the further Release so that a Contaminant does not migrate or endanger or threaten to endanger public
health or welfare or the indoor or outdoor environment or (c) perform pre-remedial studies and investigations and post-remedial monitoring and care. 

        "Requirement of Law" means, with respect to any Person, the requirements of the common law and all federal, state, local and foreign laws,
treaties, rules and regulations, orders, judgments, decrees and other determinations of, concessions, grants, franchises, licenses and other Contractual Obligations with, any Governmental Authority or
arbitrator, applicable to or binding upon such Person or any of its property or to which such Person or any of its property is subject. 

        "Requisite Lenders" means, collectively, (a) on and prior to the Closing Date, Lenders having more than fifty percent (50%) of the
aggregate outstanding amount of the Commitments, (b) after the Closing Date and on and prior to the Revolving Credit Termination Date, more than fifty percent (50%) of the sum of the aggregate
outstanding amount of the Revolving Credit Commitments and the principal amount of all Term Loans then outstanding and (c) after the Revolving Credit Termination Date, more than fifty percent
(50%) of the sum of the aggregate Revolving Credit Outstandings and the principal amount of all Term Loans then outstanding. A Non-Funding Lender shall not be included in the calculation
of "Requisite Lenders." 

        "Requisite Revolving Credit Lenders" means, collectively, Revolving Credit Lenders having more than fifty percent (50%) of the aggregate
outstanding amount of the Revolving Credit Commitments or, after the Revolving Credit Termination Date, more than fifty percent (50%) of the aggregate Revolving Credit Outstandings. A
Non-Funding Lender shall not be included in the calculation of "Requisite Revolving Credit Lenders."

        "Requisite Term Loan Lenders" means, collectively, Term Loan Lenders having more than 50% of the aggregate outstanding amount of the Term
Loan Commitments or, after the Closing Date, more than fifty percent (50%) of the principal amount of all Term Loans then outstanding. 

23

 

        "Responsible Officer" means, with respect to any Person, any of the principal executive officers, managing members or general partners of
such Person but, in any event, with respect to financial matters, the chief financial officer, treasurer or controller of such Person. 

        "Restricted Payment" means (a) any dividend, distribution or any other payment whether direct or indirect, on account of any Stock
or Stock Equivalent of the Borrower or any of its Subsidiaries now or hereafter outstanding and (b) any redemption, retirement, sinking fund or similar payment, purchase or other acquisition
for value, direct or indirect, of any Stock or Stock Equivalent of the Borrower or any of its Subsidiaries now or hereafter outstanding. 

        "Revolving Credit Borrowing" means a borrowing consisting of Revolving Loans made on the same day by the Revolving Credit Lenders ratably
according to their respective Revolving Credit Commitments. 

        "Revolving Credit Commitment" means, with respect to each Revolving Credit Lender, the commitment of such Revolving Credit Lender to make
Revolving Loans and acquire interests in other Revolving Credit Outstandings in the aggregate principal amount outstanding not to exceed the amount set forth opposite such Revolving Credit Lender's
name on Schedule I (Commitments) under the caption "Revolving Credit Commitment," as amended to
reflect each Assignment and Acceptance executed by such Revolving Credit Lender and as such amount may be reduced pursuant to this Agreement, or increased by an additional Revolving Credit Commitment
by a Lender that is included as part of a Facility Increase. On the Closing Date, the aggregate amount of Revolving Credit Commitments of all of the Lenders is $50,000,000. 

        "Revolving Credit Commitment Increase" has the meaning specified in Section 2.18 (Facility
Increase).

        "Revolving Credit Facility" means the Revolving Credit Commitments and the provisions herein related to the Revolving Loans, Swing Loans
and Letters of Credit. 

        "Revolving Credit Lender" means each Lender that (a) has a Revolving Credit Commitment, (b) holds a Revolving Loan or
(c) participates in any Letter of Credit. 

        "Revolving Credit Note" means a promissory note of the Borrower payable to the order of any Revolving Credit Lender in a principal amount
equal to the amount of such Revolving Credit Lender's Revolving Credit Commitment evidencing the aggregate Indebtedness of the Borrower to such Revolving Credit Lender resulting from the Revolving
Loans owing to such Revolving Credit Lender. 

        "Revolving Credit Outstandings" means, at any particular time, the sum of (a) the principal amount of the Revolving Loans
outstanding at such time, (b) the Letter of Credit Obligations outstanding at such time and (c) the principal amount of the Swing Loans outstanding at such time. 

        "Revolving Credit Termination Date" shall mean the earliest of (a) the Scheduled Termination Date, (b) the date of
termination of all of the Revolving Credit Commitments pursuant to Section 2.5 (Reduction and Termination of the Commitments) and (c) the
date on which the Obligations become due and payable pursuant to Section 9.2 (Remedies).

        "Revolving Loan" has the meaning specified in Section 2.1 (The Commitments).

        "S&P" means Standard & Poor's Rating Services. 

        "Sarbanes-Oxley Act" means the United States Sarbanes-Oxley Act of 2002. 

        "Scheduled Termination Date" means the 5th anniversary of the Closing Date. 

24

 

        "Secured Obligations" means, in the case of the Borrower, the Obligations, and, in the case of any other Loan Party, the obligations of
such Loan Party under the Guaranty and the other Loan Documents to which it is a party. 

        "Secured Parties" means the Lenders, the Issuers, the Administrative Agent and any other holder of any Secured Obligation. 

        "Securities Account" has the meaning given to such term in the UCC. 

        "Security" means any Stock, Stock Equivalent, voting trust certificate, bond, debenture, note or other evidence of Indebtedness, whether
secured, unsecured, convertible or subordinated, or any certificate of interest, share or participation in, any temporary or interim certificate for the purchase or acquisition of, or any right to
subscribe to, purchase or acquire, any of the foregoing, but shall not include any evidence of the Obligations. 

        "Selling Lender" has the meaning specified in Section 11.8 (Sharing of Payments,
Etc.).

        "Solvent" means, with respect to any Person as of any date of determination, that, as of such date, (a) the value of the assets of
such Person (both at fair value and present fair saleable value) is greater than the total amount of liabilities (including contingent and unliquidated liabilities) of such Person, (b) such
Person does not intend to incur liabilities beyond such Person's ability to pay such liabilities as they mature and (c) such Person is not engaged in a business for which such Person's property
would constitute an unreasonably small capital. In computing the amount of contingent or unliquidated liabilities at any time, such liabilities shall be computed at the amount that, in light of all
the facts and circumstances existing at such time, represents the amount that can reasonably be expected to become an actual or matured liability. 

        "Special Purpose Vehicle" means any special purpose funding vehicle identified as such in writing by any Lender to the Administrative
Agent. 

        "Standby Letter of Credit" means any Letter of Credit that is not a Documentary Letter of Credit. 

        "Stock" means shares of capital stock (whether denominated as common stock or preferred stock), beneficial, partnership or membership
interests, participations or other equivalents (regardless of how designated) of or in a corporation, partnership, limited liability company or equivalent entity, whether voting or
non-voting. 

        "Stock Equivalents" means all securities convertible into or exchangeable for Stock and all warrants, options or other rights to purchase
or subscribe for any Stock, whether or not presently convertible, exchangeable or exercisable. 

        "Subordinated Debt" has the meaning specified in Section 8.1(k) (Indebtedness).

        "Subsidiary" means, with respect to any Person, any corporation, partnership, limited liability company or other business entity of which
an aggregate of 50% or more of the outstanding Voting Stock is, at the time, directly or indirectly, owned or controlled by such Person or one or more Subsidiaries of such Person. 

        "Substitute Institution" has the meaning specified in Section 2.17 (Substitution of
Lenders).

        "Substitution Notice" has the meaning specified in Section 2.17 (Substitution of
Lenders).

        "Swing Loan" has the meaning specified in Section 2.3 (Swing Loans).

25

  

        "Swing Loan Lender" means Citicorp or any other Revolving Credit Lender that becomes the Administrative Agent or agrees, with the approval
of the Administrative Agent and the Borrower, to act as the Swing Loan Lender hereunder, in each case in its capacity as the Swing Loan Lender hereunder. 

        "Swing Loan Request" has the meaning specified in Section 2.3(b) (Swing Loans).

        "Swing Loan Sublimit" means $5,000,000. 

        "Syndication Agent" means Citicorp North America, Inc., in its capacity as syndication agent. 

        "Syndication Completion Date" means the date upon which a "Successful Syndication" has occurred as defined in the Fee Letter. 

        "Syndication Letter Agreement" means the letter agreement, dated as of September 30, 2005 between the Borrower and the
Administrative Agent and the Arranger relating to the syndication of the Facilities. 

        "Tax Affiliate" means, with respect to any Person, (a) any Subsidiary of such Person and (b) any Affiliate of such Person
with which such Person files or is eligible to file consolidated, combined or unitary tax returns. 

        "Tax Return" has the meaning specified in Section 4.8(a) (Taxes).

        "Taxes" has the meaning specified in Section 2.16(a) (Taxes).

        "Term Loan" has the meaning specified in Section 2.1(b) (The Commitments).

        "Term Loan Borrowing" means a borrowing consisting of Term Loans made on the same day by the Term Loan Lenders ratably according to their
respective Term Loan Commitments. 

        "Term Loan Commitment" means, with respect to each Term Loan Lender, the commitment of such Lender to make Term Loans to the Borrower in
the aggregate principal amount outstanding not to exceed the amount set forth opposite such Lender's name on Schedule I (Commitments) under the
caption "Term Loan Commitment" as amended to reflect each Assignment and Acceptance executed by such Lender and as such amount may be reduced pursuant
to this Agreement. On the Closing Date, the aggregate amount of Term Loan Commitments of all of the Lenders is $50,000,000. 

        "Term Loan Facility" means the Term Loan Commitments and the provisions herein related to the Term Loans. 

        "Term Loan Lender" means each Lender that has a Term Loan Commitment or that holds a Term Loan. 

        "Term Loan Maturity Date" means the 5th anniversary of the Closing Date. 

        "Term Loan Note" means a promissory note of the Borrower payable to the order of any Term Loan Lender in a principal amount equal to the
amount of the Term Loan owing to such Lender. 

        "Title IV Plan" means a pension plan, other than a Multiemployer Plan, covered by Title IV of ERISA and to which the Borrower, any of its
Subsidiaries or any ERISA Affiliate has any obligation or liability, contingent or otherwise. 

        "Total Assets" of any Person means, at any date, Consolidated total assets of such Person and its Subsidiaries at such date  minus (a) any minority interest in any
third-party that is not a Wholly Owned Subsidiary of such Person, if such minority interest would be
reflected at such date on a Consolidated balance sheet of such Person and its Subsidiaries and (b) any Securities issued by such Person held as treasury securities. 

26

 

        "Total Liabilities" of any Person means, at any date, all obligations that would be included in determining total liabilities as shown on
the liabilities side of a Consolidated balance sheet of such Person and its Subsidiaries at such date; provided, however, that regardless of whether the
same would be so shown, "Total Liabilities" of any Person shall include all Indebtedness of such Person or any of its Subsidiaries at such date (other
than intercompany Indebtedness) and shall exclude, with respect to any Disqualified Stock of such Person, the greater of (i) the liquidation preference and (ii) the redemption price of
any outstanding Disqualified Stock of such Person at such date. 

        "UCC" has the meaning specified in the Pledge and Security Agreement. 

        "Unfunded Pension Liability" means, with respect to the Borrower or any of its Subsidiaries at any time, the sum of (a) the amount,
if any, by which the present value of all accrued benefits under each Title IV Plan (other than any Title IV Plan subject to Section 4063 of ERISA) exceeds the fair market value
of all assets of such Title IV Plan allocable to such benefits in accordance with Title IV of ERISA, as determined as of the most recent valuation date for such Title IV Plan
using the actuarial assumptions in effect under such Title IV Plan, (b) the aggregate amount of withdrawal liability that could be assessed under Section 4063 with respect to each
Title IV Plan subject to such section, separately calculated for each such Title IV Plan as of its most recent valuation date and (c) for a period of five years following a
transaction reasonably likely to be covered by Section 4069 of ERISA, the liabilities (whether or not accrued) that could be avoided by the Borrower, any of its Subsidiaries or any ERISA
Affiliate as a result of such transaction. 

        "Unused Commitment Fee" has the meaning specified in Section 2.12
(a) (Fees).

        "U.S. Lender" means each Lender or Issuer (or the Administrative Agent) that is a Domestic Person. 

        "Voting Stock" means Stock of any Person having ordinary power to vote in the election of members of the board of directors, managers,
trustees or other controlling Persons, of such Person (irrespective of whether, at the time, Stock of any other class or classes of such entity shall have or might have voting power by reason of the
happening of any contingency). 

        "Wholly-Owned Subsidiary" of any Person means any Subsidiary of such Person, all of the Stock of which (other than director's qualifying
shares, as may be required by law) is owned by such Person, cither directly or indirectly through one or more Wholly-Owned Subsidiaries of such Person. 

        "Withdrawal Liability" means, with respect to the Borrower or any of its Subsidiaries at any time, the aggregate liability incurred
(whether or not assessed) with respect to all Multiemployer Plans pursuant to Section 4201 of ERISA or for increases in contributions required to be made pursuant to Section 4243 of
ERISA. 

        "Working Capital" means, for any Person at any date, the amount, if any, by which the Consolidated Current Assets of such Person at such
date exceeds the Consolidated Current Liabilities of such Person at such date. 

 
 

           Section 1.2    Computation of Time Periods     

        In
this Agreement in the computation of periods of time from a specified date to a later specified date, the word "from" means
"from and including" and the words "to" and "until" each
mean "to but excluding" and the word "through" means "to and
including" 

 
 

           Section 1.3    Accounting Terms and Principles     

        (a)   Except
as set forth below, all accounting terms not specifically defined herein shall be construed in conformity with GAAP and all accounting determinations required to
be made pursuant 

27

 

hereto
(including for purpose of measuring compliance with Article V (Financial Covenants) shall,
unless expressly otherwise provided herein, be made in conformity with GAAP. 

        (b)   If
any change in the accounting principles used in the preparation of the most recent Financial Statements referred to in  Section 6.1 (Financial Statements) is hereafter required or permitted by the rules, regulations,
pronouncements and opinions of the Financial Accounting Standards Board or the American Institute of Certified Public Accountants (or any successors thereto) and such change is adopted by the Borrower
with the agreement of the Borrower's Accountants and results in a change in any of the calculations required by Article V
(Financial Covenants) or VIII (Negative Covenants) that
would not have resulted had such accounting change not occurred, the parties hereto agree to enter into negotiations in good faith in order to amend such provisions (to be retroactively effective to
the date such change in accounting principles was implemented) so as to equitably reflect such change such that the criteria for evaluating compliance with such covenants by the Borrower shall be the
same after such change as if such change had not been made; provided, however, that no change in GAAP that would affect a calculation that measures
compliance with any covenant contained in Article V (Financial Covenants) or  VIII (Negative Covenants) shall be given effect for purposes of this Credit Agreement until such
provisions are amended to reflect such changes in GAAP. 

        (c)   For
purposes of making all financial calculations to determine compliance with Article V
(Financial Covenants), all components of such calculations shall be adjusted to include or exclude, as the case may be, without duplication, such
components of such calculations attributable to any business or assets that have been acquired by the Borrower or any of its Subsidiaries (including through Permitted Investments) after the first' day
of the applicable period of determination and prior to the end of such period, as determined in good faith by the Borrower on a Pro Forma Basis. 

 
 

           Section 1.4    Conversion of Foreign Currencies     

 
 

           (a)    Dollar Equivalents.     The Administrative Agent shall determine the Dollar Equivalent of any amount
as required hereby, and a determination thereof by the Administrative Agent shall be
conclusive absent manifest error. The Administrative Agent may, but shall not be obligated to, rely on any determination made by any Loan Party in any document delivered to the Administrative Agent.
The Administrative Agent may determine or redetermine the Dollar Equivalent of any amount on any date either in its own discretion or upon the request of any Lender or Issuer. 

 
 

           (b)    Rounding-Off.     The Administrative Agent may set up appropriate rounding off mechanisms or
otherwise round-off amounts hereunder to the nearest higher or lower amount
in whole Dollar or cent to ensure amounts owing by any party hereunder or that otherwise need to be calculated or converted hereunder are expressed in whole Dollars or in whole cents, as may be
necessary or appropriate. 

 
 

           Section 1.5    Certain Terms     

        (a)   The
terms "herein," "hereof,"
"hereto" and "hereunder" and similar terms refer to this Agreement as a whole and not to any particular
Article, Section, subsection or clause in, this Agreement. 

        (b)   Unless
otherwise expressly indicated herein, (i) references in this Agreement to an Exhibit, Schedule, Article, Section, clause or sub-clause refer to
the appropriate Exhibit or Schedule to, or Article, Section, clause or sub-clause in this Agreement and (ii) the words "above" and
"below", when following a reference to a clause or a sub-clause of any Loan Document, refer to a clause or sub-clause within,
respectively, the same Section or clause. 

        (c)   Each
agreement defined in this Article I shall include all appendices, exhibits and schedules thereto. Unless the
prior written consent of the Requisite Lenders is required hereunder for an amendment, restatement, supplement or other modification to any such agreement and such consent is 

28

 

not
obtained, references in this Agreement to such agreement shall be to such agreement as so amended, restated, supplemented or modified. 

        (d)   References
in this Agreement to any statute shall be to such statute as amended or modified from time to time and to any successor legislation thereto, in each case as
in effect at the time any such reference is operative. 

        (e)   The
term "including" when used in any Loan Document means "including without
limitation" except when used in the computation of time periods. 

        (f)    The
terms "Lender," "Issuer" and "Administrative
Agent" include, without limitation, their respective successors. 

        (g)   Upon
the appointment of any successor Administrative Agent pursuant to Section 10.7
(Successor Administrative Agent), references to Citicorp in Section 10.4
(The Administrative Agent Individually) and to Citibank in the definitions of Base Rate. Dollar Equivalent and Eurodollar Rate shall be deemed to refer
to the financial institution then acting as the Administrative Agent or one of its, Affiliates if it so designates. 

 
 

ARTICLE II    
    
    THE FACILITIES    
    

 
 
        Section 2.1    The Commitments     

 
 

           (a)    Revolving Credit Commitments.     On the terms and subject to the conditions contained in this
Agreement, each Revolving Credit Lender severally agrees to make loans in Dollars (each a
"Revolving Loan") to the Borrower from time to time on any Business Day during the period from the Closing Date until the Revolving Credit Termination
Date in an aggregate principal amount at any time outstanding for all such loans by such Revolving Credit Lender not to exceed such Revolving Credit Lender's Revolving Credit Commitment;  provided,
however, that at no time shall any Revolving Credit Lender be obligated to make a Revolving
Loan in excess of such Revolving Credit Lender's Ratable Portion of the Available Credit. Within the limits of the Revolving Credit Commitment of each Revolving Credit Lender, amounts of Revolving
Loans repaid may be reborrowed under this Section 2.1. 

 
 

          (b)    Term Loan Commitments.     On the terms and subject to the conditions contained in this Agreement,
each Term Loan Lender severally agrees to make a loan (each a
"Term Loan") in Dollars to the Borrower on the Closing Date, in an amount not to exceed such Lender's Term Loan Commitment. Amounts of Term Loans repaid
or prepaid may not be reborrowed. 

 
 

           Section 2.2    Borrowing Procedures     

        (a)   Each
Borrowing shall be made on notice given by the Borrower to the Administrative Agent not later than 11:00 a.m. (New York time) (i) one Business Day, in
the case of a Borrowing of Base Rate Loans and (ii) three Business Days, in the case of a Borrowing of Eurodollar Rate Loans, prior to the date of the proposed Borrowing. Each such notice shall
be in substantially the form of Exhibit C (Form of Notice of Borrowing) (a
"Notice of Borrowing"), specifying, (A) the date of such proposed Borrowing (which, in the case of the Term Loan Borrowing, shall be the Closing
Date), (B) the aggregate amount of such proposed Borrowing, (C) whether any portion of the proposed Borrowing will be of Base Rate Loans or Eurodollar Rate Loans;  provided, however, that all
Loans shall be Base Rate Loans on the Closing Date and (D) for each Eurodollar Rate Loan, the initial Interest Period
or Periods thereof. Loans shall be made as Base Rate Loans unless, subject to Section 2.14 (Special Provisions Governing
Eurodollar Rate Loans), the Notice of Borrowing specifies that all or a portion thereof shall be Eurodollar Rate Loans. Notwithstanding anything to the contrary contained in  Section 2.3(a)
(Swing Loans), if any Notice of Borrowing requests a Borrowing of Base Rate Loans,
the 

29

 

Administrative
Agent may make a Swing Loan available to the Borrower in an aggregate amount not to exceed such proposed Borrowing, and the aggregate amount of the corresponding proposed Borrowing
shall be reduced accordingly by the principal amount of such Swing Loan. Each Borrowing shall be in an aggregate amount of not less than $5,000,000 or an integral multiple of $1,000,000 in excess
thereof. The Borrower may not request more than 2 Revolving Credit Borrowings per week. Notwithstanding anything to the contrary herein. Swing Loans shall be made available on a same Business Day
basis pursuant to Section 2.3 (Swing Loans), and shall be in a minimum amount of $500,000 (or
$100,000 increments in addition thereto). 

        (b)   The
Administrative Agent shall give to each Lender prompt notice of the Administrative Agent's receipt of a Notice of Borrowing and, if Eurodollar Rate Loans are
properly requested in such Notice of Borrowing, the applicable interest rate determined pursuant to Section 2.14(a)
(Determination of Interest Rate). Each Lender shall, before 11:00 am. (New York time) on the date of the proposed Borrowing, make available to the
Administrative Agent at its address referred to in Section 11.9 (Notices, Etc.), in immediately
available funds, such Lender's Ratable Portion of such proposed Borrowing. Upon fulfillment (or due waiver in accordance with Section 11.1
(Amendments, Waivers, Etc.)) (i) on the Closing Date, of the applicable conditions set forth  Section 3.1 (Conditions
Precedent to Initial Loans and Letters of Credit) and (ii) at any
time (including the Closing Date), of the applicable conditions set forth in Section 3.2 (Conditions Precedent to Each
Loan and Letter of Credit), and after the Administrative Agent's receipt of such funds, the Administrative Agent shall make such funds available to the Borrower. 

        (c)   Unless
the Administrative Agent shall have received notice from a Lender prior to the date of any proposed Borrowing that such Lender will not make available to the
Administrative Agent such Lender's Ratable Portion of such Borrowing (or any portion thereof), the Administrative Agent may assume that such Lender has made such Ratable Portion available to the
Administrative Agent on the date of such Borrowing in accordance with this Section 2.2 and the Administrative Agent may, in reliance upon such
assumption, make available to the Borrower on such date a corresponding amount. If and to the extent that such Lender shall not have so made such Ratable Portion available to the Administrative Agent,
such Lender and the Borrower severally agree to repay to the Administrative Agent forthwith on demand such corresponding amount together with interest thereon, for each day from the date such amount
is made available to the Borrower until the date such amount is repaid to the Administrative Agent, at (i) in the case of the Borrower, the interest rate applicable at the time to the Loans
comprising such Borrowing and (ii) in the case of such Lender, the Federal Funds Rate for the first Business Day and thereafter at the interest rate applicable at the time to the Loans
comprising such Borrowing. If such Lender shall repay to the Administrative Agent such corresponding amount, such corresponding amount so repaid shall constitute such Lender's Loan as part of such
Borrowing for purposes of this Agreement. If the Borrower shall repay to the Administrative Agent such corresponding amount, such payment shall not relieve such Lender of any obligation it may have
hereunder to the Borrower. 

        (d)   The
failure of any Lender to make on the date specified any Loan or any payment required by it (such Lender being a "Non-Funding
Lender"), including any payment in respect of its participation in Swing Loans and Letter of Credit Obligations, shall not relieve any other Lender of its obligations to make
such Loan or payment on such date but no such other Lender shall be responsible for the failure of any Non-Funding Lender to make a Loan or payment required under this Agreement. 

 
 

          Section 2.3    Swing Loans     

        (a)   On
the terms and subject to the conditions contained in this Agreement, the Swing Loan Lender shall make, in Dollars, loans (each a "Swing
Loan") otherwise available to the Borrower under the Revolving Credit Facility from time to time on any Business Day during the period from the Closing Date until the Revolving
Credit Termination Date in an aggregate principal amount at any time outstanding (together with the aggregate outstanding principal amount of any other Swing Loan made 

30

 

by
the Swing Loan Lender hereunder in its capacity as the Swing Loan Lender) not to exceed the Swing Loan Sublimit; provided, however, that at no time
shall the Swing Loan Lender make any Swing Loan to the extent that, after giving effect to such Swing Loan, the aggregate Revolving Credit Outstandings would exceed the aggregate Revolving Credit
Commitments. Each Swing Loan shall be a Base Rate Loan and must be repaid in full within seven days after its making or, if sooner, upon any Revolving Credit Borrowing hereunder and shall in any event
mature no later than the Revolving Credit Termination Date. Within the limits set forth in the first sentence of this clause (a), amounts of
Swing Loans repaid may be reborrowed under this clause (a).

        (b)   In
order to request a Swing Loan, the Borrower shall telecopy (or forward by electronic mail or similar means) to the Administrative Agent a duly completed request in
substantially the form of Exhibit D (Form of Swing Loan Request), setting forth the requested
amount and date of such Swing Loan (a "Swing Loan Request"), to be received by the Administrative Agent not later than 1:00 p.m. (New York time)
on the day of the proposed borrowing. The Administrative Agent shall promptly notify the Swing Loan Lender of the details of the requested Swing Loan. Subject to the terms of this Agreement, the Swing
Loan Lender may make a Swing Loan available to the Administrative Agent and, in turn, the Administrative Agent shall make such amounts available to the Borrower on the date of the relevant Swing Loan
Request. The Swing Loan Lender shall not make any Swing Loan in the period commencing on the first Business Day after it receives written notice from the Administrative Agent that one or more of the
conditions precedent contained in Section 3.2 (Conditions Precedent to Each Loan and Letter of Credit) shall not on such date be satisfied, and
ending when such conditions are satisfied. The Swing Loan Lender shall not otherwise be required to determine that, or take notice whether, the conditions precedent set forth in  Section 3.2 (Conditions Precedent to Each
Loan and Letter of Credit) have been satisfied in connection with the making of any Swing Loan.
 

        (c)   The
Swing Loan Lender shall notify the Administrative Agent in writing (which writing may be a telecopy or electronic mail) weekly, by no later than 10:00 a.m.
(New York time) on the first Business Day of each week, of the aggregate principal amount of its Swing Loans then outstanding. 

        (d)   The
Swing Loan Lender may demand at any time that each Revolving Credit Lender pay to the Administrative Agent, for the account of the Swing Loan Lender, in the manner
provided in clause (e) below, such Revolving Credit Lender's Ratable Portion of all or a portion of the outstanding Swing Loans, which demand
shall be made through the Administrative Agent, shall be in writing and shall specify the outstanding principal amount of Swing Loans demanded to be paid. 

        (e)   The
Administrative Agent shall forward each notice referred to in clause (c) above and each demand referred to in  clause (d) above to each Revolving
Credit Lender on the day such notice or such demand is received by the Administrative Agent (except that any
such notice or demand received by the Administrative Agent after 2:00 p.m. (New York time) on any Business Day or any such demand received on a day that is not a Business Day shall not be
required to be forwarded to the Revolving Credit Lenders by the Administrative Agent until the next succeeding Business Day), together with a statement prepared by the Administrative Agent specifying
the amount of each Revolving Credit Lender's Ratable Portion of the aggregate principal amount of the Swing Loans stated to be outstanding in such notice or demanded to be paid pursuant to such
demand, and, notwithstanding whether or not the conditions precedent set forth in Section 3.2 (Conditions Precedent to Each Loan and Letter of
Credit) and 2.1(a) (Revolving Credit Commitments) shall have been satisfied (which conditions precedent the Revolving Credit
Lenders hereby irrevocably waive), each Revolving Credit Lender shall, before 11:00 a.m. (New York time) on the Business Day next succeeding the date of such Revolving Credit Lender's receipt
of such notice or demand, make available to the Administrative Agent, in immediately available funds, for the account of the Swing Loan Lender, the amount specified in such statement. Upon such
payment by a Revolving Credit Lender, such Revolving Credit Lender shall, except as provided in clause (f) below, be deemed to have made a
Revolving Loan to the Borrower. The Administrative Agent shall use such funds to repay the Swing Loans to the Swing Loan 

31

 

Lender.
To the extent that any Revolving Credit Lender fails to make such payment available to the Administrative Agent for the account of the Swing Loan Lender, the Borrower shall repay such Swing
Loan on demand. 

        (f)    Upon
the occurrence of a Default under Section 9.1(f) (Events of Default), each Revolving Credit Lender shall
acquire, without recourse or warranty, an undivided participation in each Swing Loan otherwise required to be repaid by such Revolving Credit Lender pursuant to  clause (e) above, which
participation shall be in a principal amount equal to such Revolving Credit Lender's Ratable Portion of such Swing Loan,
by paying to the Swing Loan Lender on the date on which such Revolving Credit Lender would otherwise have been required to make a payment in respect of such Swing Loan pursuant to  clause (e) above,
in immediately available funds, an amount equal to such Revolving Credit Lender's Ratable Portion of such Swing Loan. If all or
part of such amount is not in fact made available by such Revolving Credit Lender to the Swing Loan Lender on such date, the Swing Loan Lender shall be entitled to recover any such unpaid amount on
demand from such Revolving Credit Lender together with interest accrued from such date at the Federal Funds Rate for the first Business Day after such payment was due and thereafter at the rate of
interest then applicable to Base Rate Loans. 

        (g)   From
and after the date on which any Revolving Credit Lender (i) is deemed to have made a Revolving Loan pursuant to  clause (e) above with respect to any Swing Loan or (ii) purchases an
undivided participation interest in a Swing Loan pursuant to  clause (f) above, the Swing Loan Lender shall promptly distribute to such Revolving Credit Lender such Revolving Credit Lender's Ratable
Portion
of all payments of principal of and interest received by the Swing Loan Lender on account of such Swing Loan other than those received from a Revolving Credit Lender pursuant to  clause (e) or
(f) above. 

 
 

           Section 2.4    Letters of Credit     

        (a)   On
the terms and subject to the conditions contained in this Agreement, each issuer agrees to Issue at the request of the Borrower and for the account of the Borrower
one or more Letters of Credit from time to time on any Business Day during the period commencing on the Closing Date and ending on the earlier of the Revolving Credit Termination Date and
5 days prior to the Scheduled Termination Date; provided, however, that no Issuer shall be under any obligation to Issue (and, upon the
occurrence of any of the events described in clauses (ii), (iii),  (iv) and (v)(A)
 below shall not Issue) any Letter of Credit upon the occurrence of any of the following: 

          (i)  any
order judgment of decree of any Governmental Authority or arbitrator shall purport by its terms to enjoin or restrain such Issuer from Issuing such Letter of Credit
or any Requirement of Law applicable to such Issuer or any request or directive (whether or not having the force of law) from any Governmental Authority with jurisdiction over such Issuer shall
prohibit, or request that such Issuer refrain from, the Issuance of letters of credit generally or such Letter of Credit in particular or shall impose upon such Issuer with respect to such Letter of
Credit any restriction or reserve or capital requirement (for which such Issuer is not otherwise compensated) not in effect on the date of this Agreement or result in any unreimbursed loss, cost or
expense that was not applicable, in effect or known to such Issuer as of the date of this Agreement and that such Issuer in good faith deems material to it; 

         (ii)  such
Issuer shall have received any written notice of the type described in clause (d) below; 

        (iii)  after
giving effect to the Issuance of such Letter of Credit, the aggregate Revolving Credit Outstandings would exceed the aggregate Revolving Credit Commitments in
effect at such time; 

32

 

        (iv)  after
giving effect to the Issuance of such Letter of Credit, the sum of (i) the Letter of Credit Undrawn Amounts at such time and (ii) the Reimbursement
Obligations at such time exceeds the Letter of Credit Sublimit; 

         (v)  (A)
any fees due in connection with a requested Issuance have not been paid, (B) such Letter of Credit is requested to be Issued in a form that is not acceptable
to such Issuer or (C) the Issuer for such Letter of Credit shall not have received, in form and substance reasonably acceptable to it and, if applicable, duly executed by such Borrower,
applications, agreements and other documentation
(collectively, a "Letter of Credit Reimbursement Agreement") such Issuer generally employs in the ordinary course of its business for the Issuance of
letters of credit of the type of such Letter of Credit. 

None
of the Revolving Credit Lenders (other than the Issuers in their capacity as such) shall have any obligation to Issue any Letter of Credit. 

        (b)   In
no event shall the expiration date of any Letter of Credit (i) be more than one year after the date of issuance thereof or (ii) be less than five days
prior to the Scheduled Termination Date; provided, however, that any Letter of Credit with a term less than or equal to one year may provide for the
renewal thereof for additional periods less than or equal to one year, as long as, (x) on or before the expiration of each such term and each such period, the Issuer of such Letter or Credit
shall have the option to prevent such renewal and (y) the Issuer shall not permit any such renewal to extend the expiration date of any Letter beyond the date set forth in  clause (ii) above.

        (c)   In
connection with the Issuance of each Letter of Credit, the Borrower shall give the relevant Issuer and the Administrative Agent at least two Business Days' prior
written notice, in substantially the form of Exhibit E (Form of Letter of Credit Request) (or in
such other written or electronic form as is acceptable to the Issuer), of the requested Issuance of such Letter of Credit (a "Letter of Credit
Request"). Such notice shall be irrevocable and shall specify the Issuer of such Letter of Credit, the face amount of the Letter
of Credit requested (which face amount shall not be less than $50,000), the date of Issuance of such requested Letter of Credit, the date on which such Letter of Credit is to expire (which date shall
be a Business Day) and, in the case of an issuance, the Person for whose benefit the requested Letter of Credit is to be issued. Such notice, to be effective, must be received by the relevant Issuer
and the Administrative Agent not later than 11:00 a.m. (New York time) on the second Business Day prior to the requested Issuance of such Letter of Credit (and if received later than such time,
such Letter of Credit shall instead be issued on the third Business Day after such notice is received). 

        (d)   Subject
to the satisfaction of the conditions set forth in this Section 2.4, the relevant Issuer shall, on the
requested date, Issue a Letter of Credit on behalf of the Borrower in accordance with such Issuer's usual and customary business practices. No Issuer shall Issue any Letter of Credit in the period
commencing on the first Business Day after it receives written notice from the Administrative Agent that one or more of the conditions precedent contained in Section 3.2
(Conditions Precedent to Each Loan and Letter of Credit) or clause (a) above (other than those conditions set forth in  clauses (a)(i), (a)(v)(B)
 and (C) above and, to the extent such clause relates to fees owing to the
Issuer of such Letter of Credit and its Affiliates, clause (a)(v)(A) above) are not on such date satisfied or duly waived and ending when such
conditions are satisfied or duly waived. No Issuer shall otherwise be required to determine that, or take notice whether, the conditions precedent set forth in  Section 3.2 (Conditions Precedent to Each Loan and Letter of
Credit) have been satisfied in connection with the Issuance of any Letter of Credit. 

        (e)   The
Borrower agrees that, if requested by the Issuer of any Letter of Credit, it shall execute a Letter of Credit Reimbursement Agreement in respect to any Letter of
Credit Issued hereunder. In the event of any conflict between the terms of any Letter of Credit Reimbursement Agreement and this Agreement, the terms of this Agreement shall govern. 

33

 

        (f)    Each
Issuer shall comply with the following: 

          (i)  give
the Administrative Agent written notice (or telephonic notice confirmed promptly thereafter in writing), which writing may be a telecopy or electronic mail, of the
Issuance of any Letter of Credit Issued by it, of all drawings under any Letter of Credit Issued by it and of the payment (or the failure to pay when due) by the Borrower of any Reimbursement
Obligation when due (which notice the Administrative Agent shall promptly transmit by telecopy, electronic mail or similar transmission to each Revolving Credit Lender); 

         (ii)  upon
the request of any Revolving Credit Lender, furnish to such Revolving Credit Lender copies of any Letter of Credit Reimbursement Agreement to which such Issuer is
a party and such other documentation as may reasonably be requested by such Revolving Credit Lender; and 

        (iii)  no
later than 10 Business Days following the last day of each calendar month, provide to the Administrative Agent (and the Administrative Agent shall provide a copy to
each Revolving Credit Lender requesting the same) and the Borrower separate schedules for Documentary Letters of Credit and Standby Letters of Credit issued by it, in form and substance reasonably
satisfactory to the Administrative Agent, setting forth the aggregate Letter of Credit Obligations, in each case outstanding at the end of each month and any information requested by the Borrower or
the Administrative Agent relating thereto. 

        (g)   Immediately
upon the issuance by an Issuer of a Letter of Credit in accordance with the terms and conditions of this Agreement, such Issuer shall be deemed to have sold
and transferred to each Revolving Credit Lender, and each Revolving Credit Lender shall be deemed irrevocably and unconditionally to have purchased and received from such Issuer, without recourse or
warranty, an undivided interest and participation, to the extent of such Revolving Credit Lender's Ratable Portion of the Revolving Credit Commitments, in such Letter of Credit and the obligations of
the Borrower with respect thereto (including all Letter of Credit Obligations with respect thereto) and any security therefor and guaranty pertaining thereto. 

        (h)   The
Borrower agrees to pay to the Issuer of any Letter of Credit the amount of all Reimbursement Obligations owing to such Issuer under any Letter of Credit issued for
its account no later than the date that is the next succeeding Business Day after the Borrower receives written notice from such Issuer that payment has been made under such Letter of Credit (the
"Reimbursement Date"), irrespective of any claim, set-off, defense or other right that the Borrower may have at any time against such Issuer
or any other Person. In the event that any Issuer makes any payment under any Letter of Credit and the Borrower shall not have repaid such amount to such Issuer pursuant to this  clause (h) or any
such payment by the Borrower is rescinded or set aside for any reason, such Reimbursement Obligation shall be payable on demand
with interest thereon computed (i) from the date on which such Reimbursement Obligation arose to the Reimbursement Date, at the rate of interest applicable during such period to Revolving Loans
that are Base Rate Loans and (ii) from the Reimbursement Date until the date of repayment in full, at the rate of interest applicable during such period to past due Revolving Loans that are
Base Rate Loans, and such Issuer shall promptly notify the Administrative Agent, which shall promptly notify each Revolving Credit Lender of such failure, and each Revolving Credit Lender shall
promptly and unconditionally pay to the Administrative Agent for the account of such Issuer the amount of such Revolving Credit Lender's Ratable Portion of such payment (or the Dollar Equivalent
thereof if such payment was made in any currency other than Dollars) in immediately available Dollars. If the Administrative Agent so notifies such Revolving Credit Lender prior to 11:00 a.m.
(New York time) on any Business Day, such Revolving Credit Lender shall make available to the Administrative Agent for the account of such Issuer its Ratable Portion of the amount of such payment on
such Business Day in immediately available funds. Upon such payment by a Revolving Credit Lender, such Revolving Credit Lender shall, except during the continuance of a 

34

 

Default
or Event of Default under Section 9.1(f) (Events of Default) and notwithstanding whether or not the conditions precedent set forth in  Section 3.2 (Conditions Precedent
to Each Loan and Letter of Credit) shall have been satisfied (which conditions precedent the Revolving Credit
Lenders hereby irrevocably waive), be deemed to have made a Revolving Loan to the Borrower in the principal amount of such payment. Whenever any Issuer receives from the Borrower a payment of a
Reimbursement Obligation as to which the Administrative Agent has received for the account of such Issuer any payment from a Revolving Credit Lender pursuant to this  clause (h), such Issuer shall
pay over to the Administrative Agent any amount received in excess of such Reimbursement Obligation and, upon
receipt of such amount, the Administrative Agent shall promptly pay over to each Revolving Credit Lender, in immediately available funds, an amount equal to such Revolving Credit Lender's Ratable
Portion of the amount of such payment adjusted, if necessary, to reflect the respective amounts the Revolving Credit Lenders have paid in respect of such Reimbursement Obligation. 

        (i)    If
and to the extent such Revolving Credit Lender shall not have so made its Ratable Portion of the amount of the payment required by  clause (h) above available to the Administrative Agent for the
account of such Issuer, such Revolving Credit Lender agrees to pay to the
Administrative Agent for the account of such Issuer forthwith on demand any such unpaid amount together with interest thereon, for the first Business Day after payment was first due at the Federal
Funds Rate and, thereafter, until such amount is repaid to the Administrative Agent for the account of such Issuer, at a rate per annum equal to the
rate applicable to Base Rate Loans under the Facility. 

        (j)    The
Borrower's obligation to pay each Reimbursement Obligation and the obligations of the Revolving Credit Lenders to make payments to the Administrative Agent for the
account of the Issuers with respect to Letters of Credit 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, including the occurrence of any Default or Event of Default, and irrespective of any of the following: 

          (i)  any
lack of validity or enforceability of any Letter of Credit or any Loan Document, or any term or provision therein; 

         (ii)  any
amendment or waiver of or any consent to departure from all or any of the provisions of any Letter of Credit or any Loan Document; 

        (iii)  the
existence of any claim, set-off, defense or other right that the Borrower, any other party guaranteeing, or otherwise obligated with, the Borrower, any
Subsidiary or other Affiliate thereof or any other Person may at any time have against the beneficiary under any Letter of Credit, any Issuer, the Administrative Agent or any Lender or any other
Person, whether in connection with this Agreement, any other Loan Document or any other related or unrelated agreement or transaction; 

        (iv)  any
draft or other document presented under a Letter of Credit proving to be forged, fraudulent, invalid or insufficient in any respect or any statement therein being
untrue or inaccurate in any respect; 

         (v)  payment
by the Issuer 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; and 

        (vi)  any
other act or omission to act or delay of any kind of the Issuer, the Lenders, the Administrative Agent or any other Person or any other event or circumstance
whatsoever, whether or not similar to any of the foregoing, that might, but for the provisions of this Section 2.4, constitute a legal or
equitable discharge of the Borrower's obligations hereunder. 

35

  

Any action taken or omitted to be taken by the relevant Issuer under or in connection with any Letter of Credit, if taken or omitted in the absence of gross negligence or willful misconduct, shall not
result in any liability of such Issuer to the Borrower or any Lender. In determining whether drafts and other documents presented under a Letter of Credit comply with the terms thereof, the Issuer may
accept documents that appear on their face to be in order, without responsibility for further investigation, regardless of any notice or information to the contrary and, in making any payment under
any Letter of Credit, the Issuer may rely exclusively on the documents presented to it under such Letter of Credit as to any and all matters set forth therein, including reliance on the amount of any
draft presented under such Letter of Credit, whether or not the amount due to the beneficiary thereunder equals the amount of such draft and whether or not any document presented pursuant to such
Letter of Credit proves to be insufficient in any respect, if such document on its face appears to be in order, and whether or not any other statement or any other document presented pursuant to such
Letter of Credit proves to be forged or invalid or any statement therein proves to be inaccurate or untrue in any respect whatsoever, and any noncompliance in any immaterial respect of the documents
presented under such Letter of Credit with the terms thereof shall, in each case, be deemed not to constitute willful misconduct or gross negligence of the Issuer. 

 
 

           Section 2.5    Reduction and Termination of the Commitments     

        (a)   The
Borrower may, upon at least three Business Days' prior notice to the Administrative Agent, terminate in whole or reduce in part ratably the unused portions of the
respective Revolving Credit Commitments of the Revolving Credit Lenders or, prior to the Closing Date, the unused portions the Term Loan Commitments of the Term Loan Lenders;  provided, however, that
each partial reduction shall be in an aggregate amount of not less than $5,000,000 or an integral multiple of $1,000,000 in
excess thereof. Any unused Term Loan Commitment shall terminate on the Closing Date. In addition, all outstanding Commitments shall terminate on the Commitment Termination Date. 

        (b)   The
then current Revolving Credit Commitments shall be reduced on each date on which a prepayment of Revolving Loans or Swing Loans is made pursuant to  Section 2.9(a) (Mandatory Prepayments) to the
extent required by Section 2.9(c) (Mandatory
Prepayments) (and the Revolving Credit Commitment of each Revolving Credit Lender shall be reduced by its Ratable Portion of such amount). 

 
 

          Section 2.6    Repayment of Loans     

        (a)   The
Borrower promises to repay the entire unpaid principal amount of the Revolving Loans and the Swing Loans on the Scheduled Termination Date or earlier, if otherwise
required by the terms hereof. 

36

 

        (b)   The
Borrower promises to repay the Term Loans at the dates and in the amounts set forth below: 

	Date
 
	 	Amount

	December 31, 2005	 	$	125,000
	March 31, 2006	 	$	125,000
	June 30, 2006	 	$	125,000
	September 30, 2006	 	$	125,000
	December 31, 2006	 	$	125,000
	March 31, 2007	 	$	125,000
	June 30, 2007	 	$	125,000
	September 30, 2007	 	$	125,000
	December 31, 2007	 	$	125,000
	March 31, 2008	 	$	125,000
	June 30, 2008	 	$	125,000
	September 30, 2008	 	$	125,000
	December 31, 2008	 	$	125,000
	March 31, 2009	 	$	125,000
	June 30, 2009	 	$	125,000
	September 30, 2009	 	$	125,000
	December 31, 2009	 	$	125,000
	March 31, 2010	 	$	125,000
	June 30, 2010	 	$	125,000
	Term Loan Maturity Date	 	$	47,625,000

provided, however, that the Borrower shall repay the entire unpaid principal amount of the Term Loans on the Term Loan Maturity Date. 

 
 

           Section 2.7    Evidence of Debt     

        (a)   Each
Lender shall maintain in accordance with its usual practice an account or accounts evidencing Indebtedness of the Borrower to such Lender resulting from each Loan
of such Lender from time to time, including the amounts of principal and interest payable and paid to such Lender from time to time under this Agreement. 

        (b)   (i) The
Administrative Agent, acting as agent of the Borrower solely for this purpose and for tax purposes, shall establish and maintain at its address referred
to in Section 11.9 (Notices, Etc.) a record of ownership (the "Register") in which the
Administrative Agent agrees to register by book entry the Administrative Agent's, each Lender's and each Issuer's interest in each Loan, each Letter of Credit and each Reimbursement Obligation, and in
the right to receive any payments hereunder and any assignment of any such interest or rights. In addition, the Administrative Agent, acting as agent of the Borrower solely for this purpose and for
tax purposes, shall establish and maintain accounts in the Register in accordance with its usual practice in which it shall record (i) the names and addresses of the Lenders and the Issuers,
(ii) the Commitments of each Lender from time to time, (iii) the amount of each Loan made and, if a Eurodollar Rate Loan, the Interest Period applicable thereto, (iv) the amount
of any principal or interest due and payable, and paid, by the Borrower to, or for the account of, each Lender hereunder, (v) the amount that is due and payable, and paid, by the Borrower to,
or for the account of, each Issuer, including the amount of Letter Credit Obligations (specifying the amount of any Reimbursement Obligations) due and payable to an Issuer, and (vi) the amount
of any sum received by the Administrative Agent hereunder from the Borrower, whether such sum constitutes principal or interest (and the type of Loan to which it applies), fees, expenses or other
amounts due under the Loan Documents and each Lender's and Issuer's, as the case may be, share thereof, if applicable. 

37

 

          (i)  Notwithstanding
anything to the contrary contained in this Agreement, the Loans (including the Notes evidencing such Loans) and the Reimbursement Obligations are
registered obligations and the right, title, and interest of the Lenders and the Issuers and their assignees in and to such Loans or Reimbursement Obligations, as the case may be, shall be
transferable only upon notation of such transfer in the Register. A Note shall only evidence the Lender's or a registered assignee's right, title and interest in and to the related Loan, and in no
event is any such Revolving Credit Note to be considered a bearer instrument or obligation. This Section 2.7(b) and  Section 11.2 (Assignments and Participations)
 shall be construed so that the Loans and Reimbursement Obligations are at all times maintained in  "registered form" within the meaning of Sections 163(f), 871(h)(2) and
881(c)(2) of the Code and any related regulations (or any successor provisions of
the Code or such regulations). 

        (c)   The
entries made in the Register and in the accounts therein maintained pursuant to clauses (a) and  (b) above shall, to the extent permitted by applicable law,
be prima facie evidence of the existence and
amounts of the obligations recorded therein; provided, however, 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 obligations of the Borrower to repay the Loans in accordance with their terms. In addition, the Loan Parties, the Administrative Agent, the Lenders
and the Issuers shall treat each Person whose name is recorded in the Register as a Lender or as an Issuer, as applicable, for all purposes of this Agreement. Information contained in the Register
with respect to any Lender or Issuer shall be available for inspection by the Borrower, the Administrative Agent, such Lender or such Issuer at any reasonable time and from time to time upon
reasonable prior notice. 

        (d)   Notwithstanding
any other provision of the Agreement, in the event that any Lender requests that the Borrower execute and deliver a promissory note or notes payable to
such Lender in order to evidence the Indebtedness owing to such Lender by the Borrower hereunder, the Borrower shall promptly execute and deliver a Note or Notes to such Lender evidencing any Term
Loans and Revolving Loans, as the case may be, of such Lender, substantially in the forms of Exhibit B-1 (Form of Revolving Credit
Note) or Exhibit B-2 (Form of Term Note), respectively. 

 
 

           Section 2.8    Optional Prepayments     

 
 
        (a)    Revolving Loans.     The Borrower may, upon one Business Day's prior notice in the case of Base Rate Loans
and at least three Business Days' prior notice in the case of Eurodollar
Loans to the Administrative Agent stating the proposed date and aggregate principal amount of the prepayment, prepay the outstanding principal amount of the Revolving Loans and Swing Loans in whole or
in part at any time; provided, however, that if any prepayment of any Eurodollar Rate Loan is made by the Borrower other than on the last day of an
Interest Period for such Loan, the Borrower shall also pay any amount owing pursuant to Section 2.14(e) (Breakage Costs).

 
 

          (b)    Term Loans.     The Borrower may, upon one Business Day's prior notice in the case of Base Rate Loans
and at least three Business Days' prior notice in the case of Eurodollar
Loans to the Administrative Agent stating the proposed date and aggregate principal amount of the prepayment, prepay the outstanding principal amount of the Term Loans, in whole or in part, together
with accrued interest to the date of such prepayment on the principal amount prepaid; provided, however, that if any prepayment of any Eurodollar Rate
Loan is made by the Borrower other than on the last day of an Interest Period for such Loan, the Borrower shall also pay any amounts owing pursuant to Section 2.14(e)
(Breakage Costs); and, provided, further, that each partial prepayment shall be in an aggregate amount not less than $5,000,000
or integral multiples of $1,000,000 in excess thereof and that any such partial prepayment shall be applied to the remaining installments of such outstanding principal amount of the Term Loans in the
inverse order of their maturities. Upon the giving of such notice of prepayment, the principal amount of the Term Loans specified to be prepaid shall become due and payable on the date specified for
such prepayment. 

38

 

        (c)   The
Borrower shall have no right to prepay the principal amount of any Revolving Loan or any Term Loan other than as provided in this  Section 2.8.

 
 

           Section 2.9    Mandatory Prepayments     

        (a)   Upon
receipt by the Borrower or any of its Subsidiaries of Net Cash Proceeds arising from an Asset Sale pursuant to  Section 8.4(c)(ii) or (f) (Asset Sales), Property Loss Event or Debt Issuance (other than
indebtedness permitted under Section 8.1), the Borrower shall immediately prepay the Loans (or provide cash collateral in respect of Letters of
Credit) in an amount equal to 100% (or, to the extent provided in clause (c) below, the Revolving Credit Commitments shall be reduced by an
amount equal to 50%) of such Net Cash Proceeds. Any such mandatory prepayment shall be applied in accordance with clause (c) below;  provided, however,
that, in the case of any Net Cash Proceeds not subject to a Reinvestment Event or to the extent not utilized by the applicable
Reinvestment Prepayment Date, the Borrower shall (i) prepay the Loans (or provide cash collateral in respect of Letters of Credit) promptly following receipt of such Net Cash Proceeds in the
case of Net Cash Proceeds not subject to a Reinvestment Event or on the applicable Reinvestment Prepayment Date, as the case may be, which prepayment shall be applied as provided in  clause (c)
below, in an amount equal to 100% (or 50% to the extent provided in clause (c)
below) of such Net Cash Proceeds and (ii) on each date the Revolving Credit Commitments shall be reduced pursuant to clause (c) below
because of the receipt of such Net Cash Proceeds, prepay the Loans in an amount equal to such reduction in the Revolving Credit Commitments. 

        (b)   Beginning
in the Fiscal Year ending on December 31, 2006, the Borrower shall prepay the Loans within 125 days after the last day of each Fiscal Year, in an
amount equal to 50% (or if the Leverage Ratio as of the last day of such Fiscal Year of the Borrower is less than 1.50 to 1.00, 25%) of Excess Cash Flow for such Fiscal Year. Any such mandatory
prepayment shall be applied in accordance with clause (c) below. 

        (c)   Subject
to the provisions of Section 2.13(g) (Payments and Computations), any prepayments made by the Borrower
required to be applied in accordance with this clause (c) shall be applied as follows: first, other than in respect of prepayments made with the
Net Cash Proceeds of a Reinvestment Event, to repay the outstanding principal balance (and any accrued interest) of the Term Loans, until such Term Loans shall have been prepaid in full; second, to
repay the outstanding principal balance (and any accrued interest) of the Swing Loans until such Swing Loans shall have been repaid in full; third, to repay the outstanding principal balance (and any
accrued interest) of the Revolving Loans until such Revolving Loans shall have been paid in full; and then, to provide cash collateral for any Letter of Credit Obligations in an amount equal to 105%
of such Letter of Credit Obligations in the manner set forth in Section 9.3 (Actions in Respect of Letters of Credit) until all such Letter of
Credit Obligations have been fully cash collateralized in the manner set forth therein and, to the extent that Net Cash Proceeds from any Asset Sale or Property Loss Event remain following such
application, the Revolving Credit Commitments shall be permanently reduced by an amount equal to 50% of such remainder. If any Net Cash Proceeds from an Asset Sale under  Section 8.4(c)(ii) or
(f) (Asset Sales) or Property Loss Event are subject to a Reinvestment
Event, the application of the Net Cash Proceeds and reduction of Revolving Credit Commitments shall not occur until the Reinvestment Prepayment Date corresponding thereto and, on such Reinvestment
Prepayment Date, the Revolving Credit Commitments shall be reduced by 50% of the Reinvestment Prepayment Amount, if any, applicable to such Reinvestment Event; and provided,
further, that upon the occurrence of any Event of Default on or before the Reinvestment Prepayment Date corresponding to such Reinvestment Event, the Revolving Credit
Commitments shall be reduced by the entire Reinvestment Deferred Amount corresponding to such Reinvestment Event. All repayments of the Term Loans made pursuant to this  clause (c) shall be applied
to the remaining installments of such outstanding principal amounts of the Term Loans in the inverse order of their
maturities. 

39

 

        (d)   If
at any time, the aggregate principal amount of Revolving Credit Outstandings exceeds the aggregate Revolving Credit Commitments at such time, the Borrower shall
forthwith prepay the Swing Loans first and then the Revolving Loans then outstanding in an amount equal to such excess. If any such excess remains after repayment in full of the aggregate outstanding
Swing Loans and Revolving Loans, the Borrower shall provide cash collateral for the Letter of Credit Obligations in the manner set forth in Section 9.3 (Actions in
Respect of Letters of Credit) in an amount equal to 105% of such excess. 

 
 

          Section 2.10    Interest     

 
 
        (a)    Rate of Interest.     All Loans and the outstanding amount of all other Obligations (other than pursuant to
Hedging Contracts that are Loan Documents, to the extent such Hedging
Contracts provide for the accrual of interest on unpaid obligations) shall bear interest, in the case of Loans, on the unpaid principal amount thereof from the date such Loans are made and, in the
case of such other Obligations, from the date such other Obligations are due and payable until, in all cases, paid in full, except as otherwise provided in  clause (c) below, as follows: 

          (i)  if
a Base Rate Loan or such other Obligation, at a rate per annum equal to the sum of (A) the Base Rate as in
effect from time to time and (B) the Applicable Margin in effect from time to time; and 

         (ii)  if
a Eurodollar Rate Loan, at a rate per annum equal to the sum of (A) the Eurodollar Rate determined for the
applicable Interest Period and (B) the Applicable Margin in effect from time to time during such Eurodollar Interest Period. 

 
 

           (b)    Interest Payments.     (i) Interest accrued on each Base Rate Loan (other than Swing Loans)
shall be payable in arrears (A) on the first Business Day of each calendar
quarter, commencing on the first such day following the making of such Base Rate Loan, (B) in the case of Base Rate Loans that are Term Loans, upon the payment or prepayment thereof in full or
in part and (C) if not previously paid in full, at maturity (whether by acceleration or otherwise) of such Base Rate Loan, (ii) interest accrued on Swing Loans shall be payable in
arrears on the first Business Day of the immediately succeeding Fiscal Quarter, (iii) interest accrued on each Eurodollar Rate Loan shall be payable in arrears (A) on the last day of
each Interest Period applicable to such Loan and, if such Interest Period has a duration of more than three months, on each date during such Interest Period occurring every three months from the first
day of such Interest Period, (B) upon the payment or prepayment thereof in full or in part and (C) if not previously paid in full, at maturity (whether by acceleration or otherwise) of
such Eurodollar Rate Loan and (iv) interest accrued on the amount of all other Obligations shall be payable within 5 days from and after the time such Obligation becomes due and payable
(whether by acceleration or otherwise). 

 
 

           (c)    Default Interest.    Notwithstanding
the rates of interest specified in clause (a) above or elsewhere herein, effective immediately upon the occurrence
of an Event of Default pursuant to Sections 9.1(a), (b) or (f) and for as long thereafter as such Event
of Default shall be continuing, the amount of all overdue Loans and other Obligations then due and payable shall bear interest at a rate that is two percent per
annum in excess of the rate of interest applicable to such Loans or other Obligations from time to time. Such interest shall be payable on the date that would otherwise be
applicable to such interest pursuant to subclauses (i), (ii) or (iii) of  clause (b) above or otherwise
on demand. 

 
 

          Section 2.11    Conversion/Continuation Option     

        (a)   The
Borrower may elect (i) at any time on any Business Day to convert Base Rate Loans (other than Swing Loans) or any portion thereof to Eurodollar Rate Loans and
(ii) at the end of any applicable Interest Period, to convert Eurodollar Rate Loans or any portion thereof into Base Rate Loans or to continue such Eurodollar Rate Loans or any portion thereof
for an additional Interest Period; provided, however, that the aggregate amount of the Eurodollar Loans for each Interest Period must be in the amount
of at least $5,000,000 or an integral multiple of $1,000,000 in excess thereof. 

40

 

Each
conversion or continuation shall be allocated among the Loans of each Lender in accordance with such Lender's Ratable Portion. Each such election shall be in substantially the form of  Exhibit F (Form of Notice of
Conversion or Continuation) (a "Notice of Conversion or
Continuation") and shall be made by giving the Administrative Agent at least three Business Days' prior written notice specifying (A) the amount and type of Loan being
converted or continued, (B) in the case of a conversion to or a continuation of Eurodollar Rate Loans, the applicable Interest Period and (C) in the case of a conversion, the date of
such conversion. 

        (b)   The
Administrative Agent shall promptly notify each Lender of its receipt of a Notice of Conversion or Continuation and of the options selected therein. Notwithstanding
the foregoing, (i) no conversion in whole or in part of Base Rate Loans to Eurodollar Rate Loans shall be permitted at any time prior to the Syndication Completion Date and (ii) no
conversion in whole or in part of Base Rate Loans to Eurodollar Rate Loans and no continuation in whole or in part of Eurodollar Rate Loans upon the expiration of any applicable Interest Period shall
be permitted at any time at which (A) a Default or an Event of Default shall have occurred and be continuing or (B) the continuation of, or conversion into, a Eurodollar Rate Loan would
violate any provision of Section 2.14 (Special Provisions Governing Eurodollar Rate Loans). If, within the time period required under the terms
of this Section 2.11, the Administrative Agent does not receive a Notice of Conversion or Continuation from the Borrower containing a permitted
election to continue any Eurodollar Rate Loans for an additional Interest Period or to convert any such Loans, then, upon the expiration of the applicable Interest Period, such Loans shall be
automatically converted to Base Rate Loans. Each Notice of Conversion or Continuation shall be irrevocable. 

 
 

           Section 2.12    Fees     

 
 

           (a)    Unused Commitment Fee.     The Borrower agrees to pay in immediately available Dollars to each
Revolving Credit Lender a commitment fee on the actual daily amount by which the Revolving
Credit Commitment of such Revolving Credit Lender exceeds such Lender's Ratable Portion of the sum of (i) the aggregate outstanding principal amount of Revolving Loans and (ii) the
outstanding amount of the aggregate Letter of Credit Obligations (the "Unused Commitment Fee") from the Closing Date through the Revolving Credit
Termination Date at the Applicable Unused Commitment Fee Rate, payable in arrears (x) on the first Business Day of each calendar quarter, commencing on the first such Business Day following the
Closing Date and (y) on the Revolving Credit Termination Date. 

 
 

          (b)    Letter of Credit Fees.     The Borrower agrees to pay the following amounts with respect to Letters of
Credit issued by any Issuer: 

          (i)  to
the Administrative Agent for the account of each Issuer of a Letter of Credit, with respect to each Letter of Credit issued by such Issuer, (A) an issuance
fee equal to 0.25% per annum of the maximum undrawn face amount of such Letter of Credit, payable in arrears (x) on the first Business Day of
each calendar quarter, commencing on the first such Business Day following the issuance of such Letter of Credit and (y) on the Revolving Credit Termination Date or (B) such other
issuance fee agreed to between the Borrower and any Issuer; 

         (ii)  to
the Administrative Agent for the ratable benefit of the Revolving Credit Lenders, with respect to each Letter of Credit, a fee accruing in Dollars at a rate  per annum equal to the Applicable Margin for
Revolving Loans that are Eurodollar Rate Loans on the maximum undrawn face amount of such Letter of Credit,
payable in arrears (A) on the first Business Day of each calendar quarter, commencing on the first such Business Day following the issuance of such Letter of Credit and (B) on the
Revolving Credit Termination Date; provided, however, that during the continuance of an Event of Default pursuant to Sections
9.1(a), (b) or (f) such fee shall be increased by two percent per annum (instead
of, and not in addition to, any increase pursuant to Section 2.10(c) (Interest)) and shall be payable on demand; and 

41

 

        (iii)  to
the Issuer of any Letter of Credit, with respect to the issuance, amendment or transfer of each Letter of Credit and each drawing made thereunder, documentary and
processing charges in accordance with such Issuer's standard schedule for such charges in effect at the time of issuance, amendment, transfer or drawing, as the case may be. 

 
 

           (c)    Additional Fees.     The Borrower has agreed to pay to the Administrative Agent and the Arranger
additional fees, the amount and dates of payment of which are embodied in the Fee
Letter. 

 
 

           Section 2.13    Payments and Computations     

        (a)   The
Borrower shall make each payment hereunder (including fees and expenses) not later than 11:00 a.m. (New York time) on the day when due, in the currency
specified herein (or, if no such currency is specified, in Dollars) to the Administrative Agent at its address referred to in Section 11.9 (Notices,
Etc.) in immediately available funds without set-off or counterclaim. The Administrative Agent shall promptly thereafter cause to be distributed immediately
available funds relating to the payment of principal, interest or fees to the Lenders, in accordance with the application of payments set forth in  clause (f) or (g)
 below, as applicable, for the account of their respective Applicable Lending
Offices; provided, however, that amounts payable pursuant to Section 2.15 (Capital Adequacy), Section 2.16 (Taxes)
or Section 2.14(c) or (d) (Special Provisions Governing Eurodollar Rate Loans) shall be paid only to the affected Lender
or Lenders and amounts payable with respect to Swing Loans shall be paid only to the Swing Loan Lender. Payments received by the Administrative Agent after 11:00 a.m. (New York time) shall be
deemed to be received on the next Business Day. 

        (b)   All
computations of interest and of fees shall be made by the Administrative Agent on the basis of a year of 360 days, in each case for the actual number of days
(including the first day but excluding the last day) occurring in the period for which such interest and fees are payable. Each determination by the Administrative Agent of a rate of interest
hereunder shall be conclusive and binding for all purposes, absent manifest error. 

        (c)   Each
payment by the Borrower of any Loan, Reimbursement Obligation (including interest or fees in respect thereof) and each reimbursement of various costs, expenses or
other Obligation shall be made in the currency in which such Loan was made, such Letter of Credit issued or such cost, expense or other Obligation was incurred; provided,
however, that (i) the Letter of Credit Reimbursement Agreement for a Letter of Credit may specify another currency for the Reimbursement Obligation in respect of such
Letter of Credit and (ii) other than for payments in respect of a Loan or Reimbursement Obligation, Loan Documents duly executed by the Administrative Agent or any Hedging Contract may specify
other currencies of payment for Obligations created by or directly related to such Loan Document or Hedging Contract. 

        (d)   Whenever
any payment hereunder shall be stated to be due on a day other than a Business Day, the due date for such payment shall be extended to the next succeeding
Business Day, and such extension of time shall in such case be included in the computation of payment of interest or fees, as the case may be; provided,
however, that if such extension would cause payment of interest on or principal of any Eurodollar Rate Loan to be made in the next calendar month, such payment shall be made on
the immediately preceding Business Day. All repayments of any Revolving Loans or Term Loans shall be applied as follows: first, to repay such Loans
outstanding as Base Rate Loans and then, to repay such Loans outstanding as Eurodollar Rate Loans, with those Eurodollar Rate Loans having earlier
expiring Eurodollar Interest Periods being repaid prior to those having later expiring Eurodollar Interest Periods. 

42

  

        (e)   Unless the Administrative Agent shall have received notice from the Borrower to the Lenders prior to the date on which any payment is due hereunder that the Borrower
will not make such payment in full, the Administrative Agent may assume that the Borrower has made such payment in full to the Administrative Agent on such date and the Administrative Agent may, in
reliance upon such assumption, cause to be distributed to each Lender on such due date an amount equal to the amount then due such Lender. If and to the extent that the Borrower shall not have made
such payment in full to the Administrative Agent, each Lender shall repay to the Administrative Agent forthwith on demand such amount distributed to such Lender together with interest thereon (at the
Federal Funds Rate for the first Business Day and thereafter, at the rate applicable to Base Rate Loans) for each day from the date such amount is distributed to such Lender until the date such Lender
repays such amount to the Administrative Agent. 

        (f)    Except
for payments and other amounts received by the Administrative Agent and applied in accordance with the provisions of  clause (g) below (or required to be applied in accordance with Section 2.9(c) (Mandatory
Prepayments)), all payments and any other amounts received by the Administrative Agent from or for the benefit of the Borrower shall be applied as follows:  first, to pay
principal of, and interest on, any portion of the Loans the Administrative Agent may have advanced pursuant to the express provisions of
this Agreement on behalf of any Lender, for which the Administrative Agent has not then been reimbursed by such Lender or the Borrower, second, to pay
all other Obligations then due and payable and third, as the Borrower so designates. Payments in respect of Swing Loans received by the Administrative
Agent shall be distributed to the Swing Loan Lender; payments in respect of Revolving Loans received by the Administrative Agent shall be distributed to each Revolving Credit Lender in accordance with
such Lender's Ratable Portion of the Revolving Credit Commitments; payments in respect of the Term Loans received by the Administrative Agent shall be distributed to each Term Loan Lender in
accordance with such Lender's Ratable Portion of the Term Loans; and all payments of fees and all other payments in respect of any other Obligation shall be allocated among such of the Lenders and
Issuers as are entitled thereto and, for such payments allocated to the Lenders, in proportion to their respective Ratable Portions. 

        (g)   The
Borrower hereby irrevocably waives the right to direct the application of any and all payments in respect of the Obligations and any proceeds of Collateral after the
occurrence and during the continuance of an Event of Default and agrees that, notwithstanding the provisions of Section 2.9(c) (Mandatory
Prepayments) and clause (f) above, during the continuance of an Event of Default, the Administrative Agent may, and, upon
either (A) the written direction of the Requisite Lenders or (B) the acceleration of the Obligations pursuant to Section 9.2
(Remedies) shall, deliver a blockage notice to any Deposit Account Bank for any Approved Deposit Account and apply all payments in respect of any Obligations and all funds on
deposit in any Cash Collateral Account (including any proceeds arising from a Reinvestment Event) and all other proceeds of Collateral in the following order: 

          (i)  first, to pay interest on and then principal of any portion of the Revolving Loans that the Administrative Agent may
have advanced on behalf of any Lender for which the Administrative Agent has not then been reimbursed by such Lender or the Borrower; 

         (ii)  second, to pay Secured Obligations in respect of any expense reimbursements or indemnities and Cash Management
Obligations then due to the Administrative Agent; 

        (iii)  third, to pay Secured Obligations in respect of any expense reimbursements or indemnities and Cash Management
Obligations then due to the Lenders and the Issuers; 

        (iv)  fourth, to pay Secured Obligations in respect of any fees then due to the Administrative Agent, the Lenders and the
Issuers; 

43

 

         (v)  fifth, to pay interest then due and payable in respect of the Loans and Reimbursement Obligations; 

        (vi)  sixth, to pay or prepay principal amounts on the Loans and Reimbursement Obligations and to provide cash collateral for
outstanding Letter of Credit Undrawn Amounts in the manner described in Section 9.3 (Actions in Respect of Letters of Credit), and to pay Cash
Management Obligations and amounts owing with respect to Hedging Contracts, ratably to the aggregate principal amount of such Loans, Reimbursement Obligations and Letter of Credit Undrawn Amounts,
Cash Management Obligations, and Obligations owing with respect to Hedging Contracts; and 

       (vii)  seventh, to the ratable payment of all other Secured Obligations; 

provided, however, that if sufficient funds are not available to fund all payments to be made in respect of any Secured Obligation described in any of  clauses (i), (ii), (iii), (iv),
(v), (vi) and (vii) above, the available funds being applied with
respect to any such Secured Obligation (unless otherwise specified in such clause) shall be allocated to the payment of such Secured Obligation ratably, based on the proportion of the Administrative
Agent's and each Lender's or Issuer's interest in the aggregate outstanding Secured Obligations described in such clauses; provided, however, that
payments that would otherwise be allocated to the Revolving Credit Lenders shall be allocated first to repay Swing Loans until such Loans are repaid in
full and then to repay the Revolving Loans. The order of priority set forth in clauses (i), (ii), (iii), (iv), (v),
(vi) and (vii) above may at any time and from time to time be changed by the agreement of the Requisite Lenders without
necessity of notice to or consent of or approval by the Borrower, any Secured Party that is not a Lender or Issuer or by any other Person that
is not a Lender or Issuer. The order of priority set forth in clauses (i), (ii), (iii) and (iv) above
may be changed only with the prior written consent of the Administrative Agent in addition to that of the Requisite Lenders. 

 
 

          Section 2.14    Special Provisions Governing Eurodollar Rate Loans     

 
 

           (a)    Determination of Interest Rate.    

        The
Eurodollar Rate for each Interest Period for Eurodollar Rate Loans shall be determined by the Administrative Agent pursuant to the procedures set forth in the definition of  "Eurodollar Rate." The
Administrative Agent's determination shall be presumed to be correct absent manifest error and shall be binding on the Borrower.
 

 
 

           (b)    Interest Rate Unascertainable, Inadequate or Unfair.    

        In
the event that (i) the Administrative Agent determines that adequate and fair means do not exist for ascertaining the applicable interest rates by reference to which the
Eurodollar Rate then being determined is to be fixed or (ii) the Requisite Lenders notify the Administrative Agent that the Eurodollar Rate for any Interest Period will not adequately reflect
the cost to the Lenders of making or maintaining such Loans for such Interest Period, the Administrative Agent shall forthwith so notify the Borrower and the Lenders, whereupon each Eurodollar Loan
shall automatically, on the last day of the current Interest Period for such Loan, convert into a Base Rate Loan and the obligations of the Lenders to make Eurodollar Rate Loans or to convert Base
Rate Loans into Eurodollar Rate Loans shall be suspended until the Administrative Agent shall notify the Borrower that the Requisite Lenders have determined that the circumstances causing such
suspension no longer exist. 

 
 

           (c)    Increased Costs.    

        If
at any time any Lender determines that the introduction of, or any change in or in the interpretation of, any law, treaty or governmental rule, regulation or order (other than any
change by way of imposition or increase of reserve requirements included in determining the Eurodollar Rate) or the compliance by such Lender with any guideline, request or directive from any central
bank or other 

44

 

Governmental
Authority (whether or not having the force of law), shall have the effect of increasing the cost to such Lender of agreeing to make or making, funding or maintaining any Eurodollar Rate
Loans, then the Borrower shall from time to time, upon demand by such Lender (with a copy of such demand to the Administrative Agent), pay to the Administrative Agent for the account of such Lender
additional amounts sufficient to compensate such Lender for such increased cost. A certificate as to the amount of such increased cost, submitted to the Borrower and the Administrative Agent by such
Lender, shall be conclusive and binding for all purposes, absent manifest error. 

 
 

           (d)    Illegality.    

        Notwithstanding
any other provision of this Agreement, if any Lender determines that the introduction of, or any change in or in the interpretation of any law, treaty or governmental
rule, regulation or order after the date of this Agreement shall make it unlawful, or any central bank or other Governmental Authority shall assert that it is unlawful, for any Lender or its
Eurodollar Lending Office to make Eurodollar Rate Loans or to continue to fund or maintain Eurodollar Rate Loans, then, on notice thereof and demand therefor by such Lender to the Borrower through the
Administrative Agent, (i) the obligation of such Lender to make or to continue Eurodollar Rate Loans and to convert Base Rate Loans into Eurodollar Rate Loans shall be suspended, and each such
Lender shall make a Base Rate Loan as part of any requested Borrowing of Eurodollar Rate Loans and (ii) if the affected Eurodollar Rate Loans arc then outstanding, the Borrower shall
immediately convert each such Loan into a Base Rate Loan. If, at any time after a Lender gives notice under this clause (d), such Lender
determines that it may lawfully make Eurodollar Rate Loans, such Lender shall promptly give notice of that determination to the Borrower and the Administrative Agent, and the Administrative Agent
shall promptly transmit the notice to each other Lender. The Borrower's right to request, and such Lender's obligation, if any, to make Eurodollar Rate Loans shall thereupon be restored. 

 
 

           (e)    Breakage Costs.    

        In
addition to all amounts required to be paid by the Borrower pursuant to Section 2.10 (Interest), the Borrower shall compensate
each Lender, upon demand, for all losses, expenses and liabilities (including any loss or expense incurred by reason of the liquidation or reemployment of deposits or other funds acquired by such
Lender to fund or maintain such Lender's Eurodollar Rate Loans to the Borrower but excluding any loss of the Applicable Margin on the relevant Loans) that such Lender may sustain (i) if for any
reason (other than solely by reason of such Lender being a Non-Funding Lender) a proposed Borrowing, conversion into or continuation of Eurodollar Rate Loans does not
occur on a date specified therefor in a Notice of Borrowing or a Notice of Conversion or Continuation given by the Borrower or in a telephonic request by it for borrowing or conversion or continuation
or a successive interest Period does not commence after notice therefor is given pursuant to Section 2.11 (Conversion/Continuation Option),
(ii) if for any reason any Eurodollar Rate Loan is prepaid (including mandatorily pursuant to Section 2.9 (Mandatory Prepayments)) on a
date that is not the last day of the applicable Interest Period, (iii) as a consequence of a required conversion of a Eurodollar Rate Loan to a Base Rate Loan as a result of any of the events
indicated in clause (d) above or (iv) as a consequence of any failure by the Borrower to repay Eurodollar Rate Loans when required by the
terms hereof. The Lender making demand for such compensation shall deliver to the Borrower concurrently with such demand a written statement as to such losses, expenses and liabilities, and this
statement shall be conclusive as to the amount of compensation due to such Lender, absent manifest error. 

        (f)    Each
Lender will notify the Borrower of any change that will entitle such Lender to compensation under clause (c)
or (d) above as promptly as practicable, but in any event within 180 days after such Lender obtains knowledge thereof;  provided, however, that if any
Lender fails to give such notice within 180 days after it obtains knowledge of such change, such Lender shall,
with respect to compensation payable in respect of any costs resulting from such change, only be entitled to payment 

45

 

for
costs incurred from and after, the date that such Lender does give such notice plus, if such change shall have retroactive effect, costs resulting from such change during the period of retroactive
effect thereof. Any Lender claiming any additional amounts payable pursuant to this Section 2.14 agrees to use reasonable efforts (consistent
with its internal policy and legal and regulatory restrictions) to change the jurisdiction of its Eurodollar Lending Office or make other reasonable efforts to avoid the need for, or reduce the amount
of, any such additional amounts that may thereafter accrue and would not, in the reasonable judgment of such Lender, be otherwise disadvantageous to such Lender. 

 
 

          Section 2.15    Capital Adequacy     

        (a)   If
at any time any Lender determines that (a) the adoption of, or any change in or in the interpretation of, any law, treaty or governmental rule, regulation or
order after the date of this Agreement regarding capital adequacy, (b) compliance with any such law, treaty, rule, regulation or order or (c) compliance with any guideline or request or
directive from any central bank or other Governmental Authority (whether or not having the force of law) shall have the effect of reducing the rate of return on such Lender's (or any corporation
controlling such Lender's) capital as a consequence of its obligations hereunder or under or in respect of any Letter of Credit to a level below that which such Lender or such corporation could have
achieved but for such adoption, change, compliance or interpretation, then, upon demand from time to time by such Lender (with a copy of such demand 1o the Administrative Agent), the Borrower shall
pay to the Administrative Agent for the account of such Lender, from time to time as specified by such Lender, additional amounts sufficient to compensate such Lender for such reduction. A certificate
as to such amounts submitted to the Borrower and the Administrative Agent by such Lender shall be conclusive and binding for all purposes absent manifest error. 

        (b)   Each
Lender will notify the Borrower of any change that will entitle such Lender to compensation under clause (a)
above as promptly as practicable, but in any event within 180 days after such Lender obtains knowledge thereof; provided, however, that if any
Lender fails to give such notice within 180 days after it obtains knowledge of such change, such Lender shall, with respect to compensation payable in respect of any costs resulting from such
change, only be entitled to payment for costs incurred from and after the date that such Lender does give such notice plus, if such change shall have retroactive effect, costs resulting from such
change during the period of retroactive effect thereof. Any Lender claiming any additional amounts payable pursuant to this Section 2.15 agrees
to use reasonable efforts (consistent with its internal policy and legal and regulatory restrictions) to change the jurisdiction of its Eurodollar Lending Office or make other reasonable efforts to
avoid the need for, or reduce the amount of, any such additional amounts that may thereafter accrue and would not, in the reasonable judgment of such Lender, be otherwise disadvantageous to such
Lender. 

 
 

           Section 2.16    Taxes     

        (a)   Except
as otherwise provided in this Section 2.16, any and all payments by any Loan Party under each Loan Document
to the Administrative Agent, any Lender or any Issuer shall be made free and clear of and without deduction for any and all present or future taxes, levies, imposts, deductions, charges or
withholdings, and all liabilities with respect thereto, that may be due to the United States or any political subdivision thereof or that constitute Applicable Foreign Withholding Taxes, excluding
(i) in the case of each Lender, each Issuer and the Administrative Agent (A) taxes measured by its net income or branch profits and franchise taxes imposed on it, and similar taxes
imposed by the jurisdiction (or any political subdivision thereof) under the laws of which such Lender, such Issuer or the Administrative Agent (as the case may be) is organized and (B) any
withholding taxes payable with respect to payments under the Loan Documents under laws (including any statute, treaty or regulation) in effect on the Closing Date (or, in the case of (x) an
Eligible Assignee, the date of the Assignment and Acceptance, (y) a successor Administrative Agent, the date of the appointment of such Administrative Agent, and (z) a successor Issuer,
the date such Issuer becomes an Issuer, as the case 

46

 

may
be) applicable to such Lender, such Issuer or the Administrative Agent, as the case may be, but not excluding any U.S. withholding taxes or Applicable Foreign Withholding Taxes payable as a result
of any change in such laws occurring after the Closing Date (or the date of such Assignment and Acceptance or the date of such appointment of such Administrative Agent or the date such Issuer becomes
an Issuer, as the case may be) and (ii) in the case of each Lender or each Issuer, taxes measured by its net income, and franchise taxes imposed on it as a result of a present or former
connection between such Lender or such Issuer (as the case may be) and the jurisdiction of the Governmental Authority imposing such tax or any taxing authority thereof or therein (all such
non-excluded taxes, levies, imposts, deductions, charges, withholdings and liabilities being hereinafter referred to as
"Taxes"). If any Taxes shall be required by law to be deducted from or in respect of any sum payable
under any Loan Document to any Lender, any Issuer or the Administrative Agent (w) the sum payable shall be increased as may be necessary so that, after making all required deductions (including
deductions applicable to additional sums payable under this Section 2.16, such Lender, such Issuer or the Administrative Agent (as the case may
be) receives an amount equal to the sum it would have received had no such deductions been made, (x) the relevant Loan Party shall make such deductions, (y) the relevant Loan Party shall
pay the full amount deducted to the relevant taxing authority or other authority in accordance with applicable law and (z) the relevant Loan Party shall deliver to the Administrative Agent
evidence of such payment. 

        (b)   In
addition, each Loan Party agrees to pay any present or future stamp or documentary taxes or any other excise or property taxes, charges or similar levies of the
United States or any political subdivision thereof or to pay any Designated Foreign Taxes, and all liabilities with respect thereto, in each case arising from any payment made by any Loan Party to the
Administrative Agent, any Lender or any Issuer under any Loan Document or from the execution, delivery or registration of, or otherwise with respect to, any Loan Document (collectively,
"Other Taxes").

        (c)   Each
Loan Party shall, jointly and severally, indemnify each Lender, each Issuer and the Administrative Agent for the full amount of Taxes and Other Taxes (including any
Taxes and Other Taxes imposed by any jurisdiction on amounts payable under this Section 2.16) paid by such Lender, such Issuer or the
Administrative Agent (as the case may be) and any liability (including for penalties, interest and expenses) arising therefrom or with respect thereto, whether or not such Taxes or Other Taxes were
correctly or legally asserted. This indemnification shall be made within 30 days from the date such Lender, such Issuer or the Administrative Agent (as the case may be) makes written demand
therefor. 

        (d)   Within
30 days after the date of any payment of Taxes or Other Taxes by any Loan Party, the Borrower shall furnish to the Administrative Agent, at its address
referred to in Section 11.9 (Notices, Etc.), the original or a certified copy of a receipt evidencing payment thereof. 

        (e)   Without
prejudice to the survival of any other agreement of any Loan Party hereunder or under the Guaranty, the agreements and obligations of Such Loan Party contained
in this Section 2.16 shall survive the payment in full of the Obligations, 

        (f)    (i) Each
Non-U.S. Lender and Issuer represents and warrants to the Borrower that, on the date it first became such a Lender or Issuer, it was entitled
to a complete exemption from U.S. withholding tax and each such Lender and Issuer agrees that it shall (v) on or prior to the Closing Date in the case of each Non-U.S. Lender that
is a signatory hereto, (w) on or prior to the date of the Assignment and Acceptance pursuant to which such Non-U.S. Lender becomes a Lender (or the date a successor Issuer becomes
an Issuer or the date a successor Administrative Agent becomes the Administrative Agent, as applicable) hereunder, (x) on or prior to the date on which any such form or certification expires or
becomes obsolete, (y) after the occurrence of any event requiring a change in the most recent form or certification previously delivered by it to the Borrower and the Administrative Agent, and
(z) from time to time if requested by the Borrower or the Administrative Agent, provide 

47

 

the
Administrative Agent and the Borrower with two completed originals of each of the following, as applicable: 

        (A)  Form W-8ECI
(claiming exemption from U.S. withholding tax because the income is effectively connected with a U.S. trade or business) or any successor
form; 

        (B)  Form W-8BEN
(claiming exemption from, or a reduction of, U.S. withholding tax under an income tax treaty) or any successor form; 

        (C)  in
the case of a Non-U.S. Lender claiming exemption under Sections 871(h) or 881(c) of the Code, a Form W-8BEN (claiming exemption from
U.S. withholding tax under the portfolio interest exemption) or any successor form; or 

        (D)  any
other applicable form, certificate or document prescribed by the IRS certifying as to such Non-U.S. Lender's entitlement to such exemption from U.S.
withholding tax or reduced rate with respect to all payments to be made to such Non-U.S. Lender under the Loan Documents. 

Unless
the Borrower and the Administrative Agent have received forms or other documents satisfactory to them indicating that payments under any Loan Document to or for a Non-U.S. Lender
are not subject to U.S. withholding tax or are subject to such tax at a rate reduced by an applicable tax treaty (or if any such withholding tax is imposed as a result of any other failure of a
non-U.S. Lender or its beneficial owner to avail itself of any exemption from or reduction in such tax available to it), the Loan Parties and the Administrative Agent shall withhold
amounts required to be withheld by applicable Requirements of Law from such payments at the applicable statutory rate (and any amounts so withheld shall be deemed to be excluded from the definitions
of Taxes and Other Taxes). 

         (ii)  Each
U.S. Lender shall (v) on or prior to the Closing Date in the case of each U.S. Lender that is a signatory hereto, (w) on or prior to the date of the
Assignment and Acceptance pursuant to which such U.S. Lender becomes a Lender, on or prior to the date a successor Issuer becomes an Issuer or on or prior to the date a successor Administrative Agent
becomes the Administrative Agent hereunder, (x) on or prior to the date on which any such form or certification expires or becomes obsolete, (y) after the occurrence of any event
requiring a change in the most recent form or certification previously delivered by it to the Borrower and the Administrative Agent, and (z) from time to time if requested by the Borrower or
the Administrative Agent, provide the Administrative Agent and the Borrower with two completed originals of Form W-9 (certifying that such U.S. Lender is entitled to an exemption
from U.S. backup withholding tax) or any successor form. Solely for purposes of this Section 2.16(f), a U.S. Lender shall not include a Lender,
an Issuer or an Administrative Agent that may be treated as an exempt recipient based on the indicators described in Treasury Regulation section 1.6049-4(c)(1)(ii). 

        (g)   Any
Lender claiming any additional amounts payable pursuant to this Section 2.16 shall use its reasonable efforts
(consistent with its internal policies and Requirements of Law) to change the jurisdiction of its Applicable Lending Office if the making of such a change would avoid the need for, or reduce the
amount of, any such additional amounts that would be payable or may thereafter accrue and would not, in the sole determination of such Lender, be otherwise disadvantageous to such Lender. 

        (h)   If
any Lender, Issuer, or the Administrative Agent has received a refund of any Taxes or Other Taxes, as reasonably determined by such Lender, Issuer, or the
Administrative Agent, as to which it has been indemnified by the Borrower pursuant to this Section 2.16 or with respect to which the Borrower has
paid additional amounts pursuant to clause (a) or (b) above, it shall pay over such refund to the
Borrower (but only to the extent of indemnity payments made by the Borrower pursuant to this Section 2.16, plus additional amounts paid by the
Borrower under clause (a) or (b) above with respect to the Taxes or Other Taxes giving rise to
such refund), net of all reasonable out-of-pocket expenses of such Lender, Issuer, or the Administrative Agent and without interest (other than any 

48

 

interest
paid by the relevant Governmental Authority with respect to such refund); provided that the Borrower, upon the request of such Lender, Issuer, or the Administrative Agent, agrees to repay the
amount paid over to the Borrower to such Lender, Issuer, or the Administrative Agent to the extent that such Person is required to repay such refund to such Governmental Authority. This  Section 2.16 shall not be construed to require any Lender, Issuer, or the Administrative Agent to make available its tax returns (or any other
information relating to its taxes which it deems confidential) to the Borrower or any other Person. 

 
 

           Section 2.17    Substitution of Lenders     

        (a)   In
the event that (i) any Lender makes a claim under Section 2.14(c) (Increased Costs) or  Section 2.15 (Capital Adequacy), (ii) it becomes
illegal for any Lender to continue to fund or make any Eurodollar Rate Loan and such
Lender notifies the Borrower pursuant to Section 2.14(d) (Illegality), (iii) any Loan Party is required to make any payment pursuant to  Section 2.16 (Taxes)
 that is attributable to a particular Lender or (iv) any Lender becomes a Non-Funding Lender (any such
Lender, an "Affected Lender") the Borrower may substitute any Lender and, if reasonably acceptable to the Administrative Agent, any other Eligible
Assignee (a "Substitute Institution") for such Lender hereunder, after delivery of a written notice (a "Substitution
Notice") by the Borrower to the Administrative Agent and the Affected Lender within a reasonable time (in any case not to exceed 90 days) following the occurrence of any
of the events described in this clause (a) that the Borrower intends to make such substitution; provided,
however, that if more than one Lender claims increased costs, illegality or right to payment arising from the same act or condition and such claims are received by the Borrower
within 30 days of each other, then the Borrower may substitute all, but not (except to the extent the Borrower has already substituted one of such Affected Lenders before the Borrower's receipt
of the other Affected Lenders' claim) less than all, Lenders making such claims. 

        (b)   If
the Substitution Notice was properly issued under this Section 2.17, the Affected Lender shall sell, and the
Substitute Institution shall purchase, all rights and claims of such Affected Lender under the Loan Documents and the Substitute Institution shall assume, and the Affected Lender shall be relieved of,
the Affected Lender's Revolving Credit Commitments and all other prior unperformed obligations of the Affected Lender under the Loan Documents (other than in respect of any damages (which pursuant to  Section 11.6
(Limitation of Liability), do not include exemplary or punitive damages, to the extent permitted by applicable law) in respect of
any such unperformed obligations). Such purchase and sale (and the corresponding assignment of all rights and claims hereunder) shall be recorded in the Register maintained by the Administrative Agent
and shall be effective on (and not earlier than) the later of (i) the receipt by the Affected Lender of its Ratable Portion of the Revolving Credit Outstandings, the Term Loans, together with
accrued and unpaid interest and fees and any other Obligations owing to it, (ii) the receipt by the Administrative Agent of an agreement in form and substance satisfactory to it and the
Borrower whereby the Substitute Institution shall agree to be bound by the terms hereof and (ii) the payment in full to the Affected Lender in cash of all fees, unreimbursed costs and expenses
and indemnities accrued and unpaid through such effective date. Upon the effectiveness of such sale, purchase and assumption, the Substitute Institution shall become a
"Lender" hereunder for all purposes of this Agreement having a Commitment in the amount of such Affected Lender's Commitment assumed by it and such
Commitment of the Affected Lender shall be. terminated; provided, however, that all indemnities under the Loan Documents shall continue in favor of such
Affected Lender. 

        (c)   Each
Lender agrees that, if it becomes an Affected Lender and its rights and claims are assigned hereunder to a Substitute Institution pursuant to this  Section 2.17, it shall execute and deliver to the
Administrative Agent an Assignment and Acceptance to evidence such assignment, together with
any Note (if such Loans are evidenced by a Note) evidencing the Loans subject to such Assignment and Acceptance; provided, however, that the failure of
any Affected Lender to execute an Assignment and Acceptance shall not render such assignment invalid. 

49

 

 
 

           Section 2.18    Facility Increase     

 
 

           (a)    General.    The
Borrower may from time to time after the Closing Date, request, in writing, one or more increases in the Revolving Credit Commitments (each, a "Revolving
Credit Commitment Increase") or one or more tranches of term loans (the "Incremental Term Loans" and together with the Revolving
Credit Commitment Increase, the "Facility Increase"); provided, however, that (i) the aggregate
amount of all Facility Increases shall not exceed $50,000,000, (ii) the Borrower shall have given the Administrative Agent at least 5 Business Days' notice of its intention to effect a
Revolving Credit Commitment Increase or Incremental Term Loan and the desired amount of such Revolving Credit Commitment Increase or Incremental Term Loan and (iii) each Facility Increase shall
be in an amount not less than $25,000,000 (or, to the extent the Borrower has already effected a Facility Increase of more than $25,000,000, any subsequent Facility Increase shall be in the amount of
(x) $50,000,000 minus (y) the amount of any prior Facility Increase at such time). Nothing in this Agreement shall be construed to
obligate the Administrative Agent, any Arranger or any Lender to negotiate for (whether or not in good faith), solicit, provide or consent to any Facility Increase. The Administrative Agent shall
promptly notify each Lender of each proposed Incremental Term Loan and Revolving Credit Commitment Increase and of the proposed terms and conditions therefor agreed between the Borrower and the
Administrative Agent. Each such Lender (and each of their Affiliates) may, in its sole discretion, commit to participate in such Incremental Term Loans and Revolving Credit Commitment Increases by
forwarding its commitment therefor to the Administrative Agent in form and substance satisfactory to the Administrative Agent; provided, however, that
each such Lender's participation in such Incremental Term Loans and Revolving Credit Commitment Increases shall be subject to the prior approval of the Administrative Agent (which approval shall not
be unreasonably withheld or delayed). The Administrative Agent shall allocate, in its sole discretion but in amounts not to exceed for each such Lender the commitment received from such Lender or
Affiliate, the Incremental Term Loan commitments or Revolving Credit Commitment Increase commitments to be made as part of such Facility Increase, respectively, to the Lenders from which it has
received such written commitments. If the Administrative Agent does not receive enough commitments from existing Lenders or their Affiliates, it may allocate to Eligible Assignees reasonably
acceptable to the Administrative Agent and the Borrower any excess of the proposed amount of such Facility Increase agreed with the Borrower over the aggregate amounts of the commitments received from
existing Lenders or their Affiliates. Each Facility Increase shall become effective on a date agreed by the Borrower, the Administrative Agent and each Lender (each, an
"Facility Increase Extension Date"), which shall be in any case on or after the date of satisfaction of the conditions precedent set forth in  Section 3.4 (Conditions
Precedent to Each Facility Increase). The Administrative Agent shall notify the Lenders and the Borrower, on or before
1:00 p.m., New York City time, on the day following a Facility Increase Extension Date of the effectiveness of an Incremental Term Loan or Revolving Credit Commitment Increase, as applicable,
and shall record in the Register all applicable additional information in respect of such Incremental Term Loans or Revolving Credit Commitment Increase. 

 
 

           (b)    Terms of Facility Increase.     The Incremental Term Loans shall (i) rank pari passu in right of payment with the other Loans,
(ii) have a maximum amortization of 1% per year (with the remainder payable at maturity), (iii) not have a final maturity earlier than the Term Loan Maturity Date, (iv) in the
event that the final maturity date for the Incremental Term Loans is later than the Term Loan Maturity Date, the Incremental Term Loans shall have an effective economic yield (including applicable
margins, fees and original issue discount) no greater than 0.25% more than the effective economic yield (including applicable margins, fees and original issue discount) for the Term Loan Facility (in
which case the Applicable Margins may be increased by the Administrative Agent in order to comply with this clause (iv)), (v) in the event
that the final maturity date for the Incremental Term Loans is the same as the Term Loan Maturity Date, the Incremental Term Loans shall have an effective economic yield (including applicable margins,
fees and original issue discount) equal to the effective economic yield (including applicable margins, fees and original issue discount) for the Term Loan Facility, (vi) share with the Term
Loan Facility, on a Pro Rata Basis, any mandatory or optional prepayments made by the Borrower and (vii) have the same terms and conditions as
the other Loans (except for any differences permitted hereby). 

50

  

 
 

           (c)    Revolving Credit Commitment Increase.     (i) The commitments under each Revolving Credit
Commitment Increase shall be deemed for all purposes part of the Revolving Credit Commitments,
(ii) each Lender or Eligible Assignee participating in such Revolving Credit Commitment Increase shall become a Revolving Credit Lender with respect to the Revolving Credit Commitments and all
matters relating thereto and (iii) the commitments under each Revolving Credit Commitment Increase shall have the same terms and conditions as the Revolving Credit Commitments. On the Facility
Extension Date for any Revolving Credit Commitment Increase, each Lender or Eligible Assignee participating in such Revolving Credit Commitment Increase shall purchase and assume from each existing
Revolving Credit Lender having Revolving Loans and participations in Letters of Credit and Swing Loans outstanding on such Facility Increase Extension Date, without recourse or warranty, an undivided
interest and participation, to the extent of such Lender's Ratable Portion of the new Revolving Credit Commitments (after giving effect to such Revolving Credit Commitment Increase), in the aggregate
outstanding Revolving Loans and participations in Letters of Credit and Swing Loans, so as to ensure that, on the Facility Increase Extension Date after giving effect to such Revolving Credit
Commitment Increase, each Revolving Lender is owed only its Ratable Portion of the Revolving Loans and participations in Letters of Credit and Swing Loans outstanding on such Incremental Credit
Extension Date. If the effective economic yield (including applicable margins, fees and original issue discount) for any Revolving Credit Commitment Increase exceeds the effective economic yield
(including applicable margins, fees and original issue discount) for the Revolving Credit Facility, the Applicable Margins for the Revolving Credit Facility shall be increased by such excess. 

 
 

ARTICLE III    
    
    CONDITIONS TO LOANS AND LETTERS OF CREDIT    
    

 
 
        Section 3.1    Conditions Precedent to Initial Loans and Letters of  Credit     

        The
obligation of each Lender to make the Loans requested to be made by it on the Closing Date and the obligation of each Issuer to Issue Letters of Credit on the Closing Date is subject
to the
satisfaction or due waiver in accordance with Section 11.1 (Amendments, Waivers, Etc.) of each of the following conditions precedent. 

 
 

           (a)    Certain Documents.     The Administrative Agent shall have received on or prior to the Closing Date
(and, to the extent any Borrowing of any Eurodollar Rate Loans is requested to be
made on the Closing Date, in respect of the Notice of Borrowing for such Eurodollar Rate Loans, at least three Business Days prior to the Closing Date) each of the following, each dated the Closing
Date unless otherwise indicated or agreed to by the Administrative Agent, in form and substance satisfactory to the Administrative Agent and in sufficient copies for each Lender: 

          (i)  this
Agreement, duly executed and delivered by the Borrower and, for the account of each Lender requesting the same, a Note of the Borrower conforming to the
requirements set forth herein; 

         (ii)  the
Guaranty, duly executed by each Guarantor; 

        (iii)  the
Pledge and Security Agreement, duly executed by the Borrower and each Guarantor, together with each of the following: 

        (A)  evidence
satisfactory to the Administrative Agent that, upon the filing and recording of instruments delivered at the Closing, the Administrative Agent (for the benefit
of the Secured Parties) shall have a valid and perfected first priority security interest in the Collateral, including (x) such documents duly executed by each Loan Party as the Administrative
Agent may request with respect to the perfection of its security interests in the Collateral (including financing statements under the UCC, patent, trademark and copyright security agreements suitable
for filing with the Patent and Trademark Office or the Copyright 

51

 

Office,
as the case may be, and other applicable documents under the laws of any jurisdiction with respect to the perfection of Liens created by the Pledge and Security Agreement) and
(y) copies of UCC search reports as of a recent date listing all effective financing statements that name any Loan Party as debtor, together with copies of such financing statements, none of
which shall cover the Collateral except for those that shall be terminated on the Closing Date or are otherwise permitted hereunder; 

        (B)  all
certificates, instruments and other documents representing all Pledged Stock being pledged pursuant to such Pledge and Security Agreement and stock powers for such
certificates, instruments and other documents executed in blank; 

        (C)  all
instruments representing Pledged Debt Instruments being pledged pursuant to such Pledge and Security Agreement duly endorsed in favor of the Administrative Agent or
in blank; 

        (D)  all
agreements, notices and other documents as the Administrative Agent may reasonably request to assign the Loan Parties' rights to payment of Accounts due from any
Governmental Authority to the Administrative Agent, pursuant to the Assignment of Claims Act of 1940, as amended, or other applicable law duly executed by the Loan Parties (but without acknowledgment
or consent of the applicable Governmental Authority); 

        (iv)  a
favorable opinion of Nelson Mullins Riley & Scarborough LLP, counsel to the Loan Parties, addressed to the Administrative Agent and the Lenders, addressing
such matters as the Administrative Agent may reasonably request; 

         (v)  the
Syndication Letter Agreement, duly executed by the Borrower, the Administrative Agent and the Arranger; 

        (vi)  a
copy of the articles or certificate of incorporation (or equivalent Constituent Document) of each Loan Party, certified as of a recent date by the Secretary of State
of the state of organization of such Loan Party, together with certificates of such official attesting to the good standing of each such Loan Party; 

       (vii)  a
certificate of the Secretary or an Assistant Secretary of each Loan Party certifying (A) the names and true signatures of each officer of such Loan Party that
has been authorized to execute and deliver any Loan Document or other document required hereunder to be executed and delivered by or on behalf of such Loan Party, (B) the by-laws
(or equivalent Constituent Document) of such Loan Party as in effect on the date of such certification, (C) the resolutions of such Loan Party's board of directors (or equivalent governing
body) approving and authorizing the execution, delivery and performance of this Agreement and the other Loan Documents to which it is a party and (D) that there have been no changes in the
certificate of incorporation (or equivalent Constituent Document) of such Loan Party from the certificate of incorporation (or equivalent Constituent Document) delivered pursuant to  clause (vii)
above; 

      (viii)  a
certificate executed by the Borrower's chief financial officer in his capacity as an officer of the Borrower (and not individually) stating that the Borrower and
the Guarantors, taken as a whole, is Solvent after giving effect to the initial Loans and any Letters of Credit, the application of the proceeds thereof in accordance with  Section 7.9 (Application of Proceeds)
 and the payment of all estimated legal, accounting and other fees related hereto and thereto; 

        (ix)  a
certificate of a Responsible Officer to the effect that (A) the condition set forth in Section 3.2(b) (Conditions Precedent to
Each Loan and Letter of Credit) has been satisfied, (B) no default or event of default would occur under any of the Borrower's or its Subsidiaries' debt instruments in
excess of $100,000 or material agreements as a result of the funding of the Facilities or any transaction related to the Facilities and (C) no litigation not listed on  Schedule 4.7  

52

 

 (Litigation) has been commenced against any Loan Party or any of their Subsidiaries that (x) could reasonably be expected to result in a Material Adverse Effect or
(y) that restrains, prevents or imposes or can reasonably be expected to impose materially adverse conditions upon the Facilities or the transactions contemplated hereby; 

         (x)  evidence
satisfactory to the Administrative Agent that the insurance policies required by Section 7.5 (Maintenance of
Insurance) and any Collateral Document are in full force and effect, together with, unless otherwise agreed by the Administrative Agent, endorsements naming the Administrative
Agent, on behalf of the Secured Parties, as an additional insured and loss payee under all insurance policies to be maintained with respect to the properties of the Borrower and each other Loan Party; 

        (xi)  a  pro forma estimated balance sheet of the Borrower and its Subsidiaries giving effect to the transactions contemplated
hereby satisfactory to the Administrative Agent; 

       (xii)  audited
Consolidated (and consolidating, if available) financial statements of DataPath, Inc. and its Subsidiaries for the Fiscal Years ending
December 31, 2004 and December 31, 2003 which statements shall be unqualified; 

      (xiii)  interim
unaudited monthly and quarterly financial statements of the Borrower and its Subsidiaries through the last fiscal month ending 45 or more days prior to the
Closing Date; 

      (xiv)  a
business plan of the Borrower which shall include the Projections, prepared by the Borrower; 

       (xv)  complete
copies of the Existing Loan Agreement and the Existing Notes including related collateral documents; and 

      (xvi)  such
other certificates, documents, agreements and information respecting any Loan Party as any Lender through the Administrative Agent may reasonably request. 

 
 

           (b)    Fee and Expenses Paid.     There shall have been paid to the Administrative Agent, for the account of
the Administrative Agent and the Lenders, as applicable, all fees and expenses
(including reasonable fees and expenses of counsel) due and payable on or before the Closing Date (including all such fees and expenses described in the Fee Letter). 

 
 

           (c)    Refinancing of Existing Loan Agreement and Existing Notes.     (i) All obligations under the
Existing Loan Agreement and the Existing Notes shall have been repaid in full (other than indemnification obligations not
then due and payable), (ii) the Existing Loan Agreement, all Loan Documents (as defined therein), the Existing Notes and any liens created thereunder shall have been terminated on terms
satisfactory to the Administrative Agent, (iii) the Administrative Agent shall have received a payoff letter duly executed and delivered by the Borrower and the Existing Agent or other evidence
of such termination in each case in form and substance satisfactory to the Administrative Agent and (iv) the Administrative Agent shall have received evidence of the cancellation of the
Existing Notes in each case in form and substance satisfactory to the Administrative Agent. 

 
 

           (d)    Consents, Etc.     Each of the Borrower and its Subsidiaries shall have received all consents and
authorizations required pursuant to any material Contractual Obligation with any
Person and shall have obtained all material Permits of, and effected all notices to and filings with, any Governmental Authority, in each case, as may be necessary to allow each of the Borrower and
its Subsidiaries lawfully (and without the imposition of any conditions that are not reasonably acceptable to the Lenders) (i) to execute, deliver and perform, in all material respects, their
respective obligations hereunder and under the Loan Documents to which each of them, respectively, is, or shall be, a party and each other agreement or instrument to be executed and delivered by each
of them, respectively, pursuant thereto or in connection therewith and (ii) to create and perfect the Liens on the Collateral to be owned by each of them in the manner and for the purpose
contemplated by the Loan Documents. 

53

 

 
 

           Section 3.2    Conditions Precedent to Each Loan and Letter of Credit     

        The
obligation of each Lender on any date (including the Closing Date) to make any Loan and of each Issuer on any date (including the Closing Date) to Issue any Letter of Credit is
subject to the satisfaction of each of the following conditions precedent: 

        (a)    Request for Borrowing or Issuance of Letter of Credit.    With respect to any Loan, the Administrative Agent
shall have received a duly executed Notice of Borrowing (or, in the case of Swing Loans, a duly executed Swing Loan Request), and, with respect to any Letter of Credit, the Administrative Agent and
the Issuer shall have received a duly executed Letter of Credit Request. 

        (b)    Representations and Warranties; No Defaults.    The following statements shall be true on the date of such Loan
or Issuance, both before and after giving effect thereto and, in the case of any Loan, to the application of the proceeds thereof on the date such Loan is made: 

          (i)  the
representations and warranties set forth in Article IV (Representations and Warranties) and in the other Loan
Documents shall be true and correct on and as of the Closing Date and shall be true and correct in all material respects (to the extent such representations and warranties are not already qualified by
materiality) on and as of any such date after the Closing Date with the same effect as though made on and as of such date, except to the extent such representations and warranties expressly relate to
an earlier date, in which case such representations and warranties shall have been true and correct in all material respects as of such earlier date (to the extent such representations and warranties
are not already qualified by materiality); and 

         (ii)  no
Default or Event of Default shall have occurred and be continuing. 

        (c)    No Legal Impediments.    The making of the Loans or the Issuance of such Letter of Credit on such date does not
violate any Requirement of Law on the date of or immediately following such Loan or Issuance of such Letter of Credit and is not enjoined, temporarily, preliminarily or permanently. 

Each
submission by the Borrower to the Administrative Agent of a Notice of Borrowing or a Swing Loan Request and the acceptance by the Borrower of the proceeds of each Loan requested therein, and each
submission by the Borrower to an Issuer of a Letter of Credit Request, and the Issuance of each Letter of Credit requested therein, shall be deemed to constitute a representation and warranty by the
Borrower as to the matters specified in clause (b) above on the date of the making of such Loan or the Issuance of such Letter of Credit. 

 
 

          Section 3.3    Determinations of Initial Borrowing Conditions     

        For
purposes of determining compliance with the conditions specified in Section 3.1 (Conditions Precedent to Initial Loans and Letters of
Credit), each Lender shall be deemed to have consented to, approved, accepted or be satisfied with, each document or other matter required thereunder to be consented to or
approved by or acceptable or satisfactory to the Lenders unless an officer of the Administrative Agent responsible for the transactions contemplated by the Loan Documents shall have received notice
from such Lender prior to the initial Borrowing, borrowing of Swing Loans or Issuance or deemed Issuance hereunder specifying its objection thereto and such Lender shall not have made available to the
Administrative Agent such Lender's Ratable Portion of such Borrowing or Swing Loans. 

54

 

 
 

           Section 3.4    Conditions Precedent to Each Facility Increase     

        Each
Facility Increase shall not become effective prior to the satisfaction of all of the following conditions precedent: 

        (a)   The
Administrative Agent shall have received on or prior to the Facility Increase Extension Date each of the following, each dated as of such Facility Increase Extension
Date unless otherwise indicated or agreed to by the Administrative Agent and each in form and substance reasonably satisfactory to the Administrative Agent: 

          (i)  written
commitments duly executed by existing Lenders (or their Affiliates) or Eligible Assignees (the "Facility Increase
Lenders") and the Borrower in an aggregate amount equal to the amount of the proposed Incremental Term Loan or Revolving Credit Commitment Increase (as agreed between the
Borrower and the Administrative Agent but in any case not to exceed, in the aggregate, the maximum amount set forth in Section 2.18 (Facility
Increase)) and, in the case of each such Eligible Assignee that is not an existing Lender, an assumption agreement in form and substance reasonably satisfactory to the
Administrative Agent and duly executed by the Borrower, the Administrative Agent and such Eligible Assignee; 

         (ii)  an
amendment to this Agreement (including to Schedule I), effective as of such Facility Increase Extension Date
and executed by the Borrower, the Facility Increase Lenders and the Administrative Agent, to the extent necessary to implement the terms and conditions of such Facility Increase as reasonably agreed
by the Borrower and the Administrative Agent; 

        (iii)  certified
copies of resolutions of the board of directors (or equivalent governing body) of each Loan Party approving the consummation of such Incremental Term Loan or
Revolving Credit Commitment Increase and the execution, delivery and performance of the corresponding amendments to this Agreement and the other documents to be executed in connection therewith; 

        (iv)  if
requested by the Administrative Agent, a favorable opinion of counsel to the Loan Parties, in form and substance reasonably satisfactory to the Administrative Agent
and addressed to the Administrative Agent and the Lenders and addressing such matters as the Administrative Agent may reasonably request; and 

         (v)  such
other documents as the Administrative Agent may reasonably request or as any Lender participating in such Facility Increase may require as a condition to its
commitment therein. 

        (b)   The
Administrative Agent shall have received a certificate from a Responsible Officer of the Borrower, certifying that on the Facility Increase Extension Date and
immediately after giving effect to the Incremental Term Loan or Revolving Credit Commitment Increase, as applicable, the Borrower shall be in compliance with the financial covenants contained in  Article V (Financial
Covenants), in each case determined on a Pro Forma Basis after giving effect
to such Incremental Term Loan or Revolving Credit Commitment Increase, as of the last day of the most recently ended Fiscal Quarter of the Borrower for which financial statements have been delivered
to the Administrative Agent pursuant to Sections 6.1(a) (Financial Statements), in each case in form and substance and with supporting documentation
reasonably satisfactory to the Administrative Agent. 

        (c)   There
shall have been paid to the Administrative Agent, for the account of itself and the Lenders, as applicable, all fees and expenses (including reasonable fees and
expenses of counsel) due and payable on or before such Facility Increase Extension Date. 

55

 

        (d)   The
conditions precedent set forth in Section 3.2 (Conditions Precedent to Each Loan and Letter of Credit) shall
have been satisfied both before and after giving effect to such Facility Increase. 

        (e)   Such
Facility Increase shall have been made on the terms and conditions set forth in Section 2.18 (Facility
Increase).

 
 

ARTICLE IV    
    
    REPRESENTATIONS AND WARRANTIES    
    

        To induce the Lenders, the Issuers and the Administrative Agent to enter into this Agreement, the Borrower represents and warrants each of the following to the
Lenders, the Issuers and the Administrative Agent, on and as of the Closing Date and after giving effect to the making of the Loans and the other financial accommodations on the Closing Date and on
and as of each date as required by Section 3.2(b)(i) (Conditions Precedent to Each Loan and Letter of Credit):

 
 

          Section 4.1    Corporate Existence; Compliance with Law     

        Each
of the Borrower and the Borrower's Subsidiaries (a) is duly organized, validly existing and in good standing under the laws of the jurisdiction of its organization,
(b) is duly qualified to do business as a foreign entity and in good standing under the laws of each jurisdiction where such qualification is necessary, except where the failure to be so
qualified or in good standing would not, in the aggregate, have a Material Adverse Effect, (c) has all requisite power and authority and the legal right to own, pledge, mortgage and operate its
properties, to lease the property it operates under lease and to conduct its business as now or currently proposed to be conducted in all material respects, (d) is in compliance with its
Constituent Documents in all material respects, (e) is in compliance with all applicable Requirements of Law except where the failure to be in compliance would not, in the aggregate, have a
Material Adverse Effect and (1) has all necessary Permits from or by, has made all necessary filings with, and has given all necessary notices to, each Governmental Authority having
jurisdiction, to the extent required for such ownership, operation and conduct, except for Permits or filings that can be obtained or made by the taking of ministerial action to secure the grant or
transfer thereof or the failure to obtain or make would not, in the aggregate, have a Material Adverse Effect. 

 
 

          Section 4.2    Corporate Power; Authorization; Enforceable Obligations     

        (a)   The
execution, delivery and performance by each Loan Party of the Loan Documents to which it is a party and the consummation of the transactions contemplated thereby: 

          (i)  are
within such Loan Party's corporate, limited liability company, partnership or other powers; 

         (ii)  have
been or, at the time of delivery thereof pursuant to Article III (Conditions To Loans And Letters Of Credit)
will have been duly authorized by all necessary action, including the consent of shareholders, partners and members where required; 

        (iii)  do
not and will not (A) contravene or violate such Loan Party's or any of its Subsidiaries' respective Constituent Documents, (B) violate any other
Requirement of Law applicable to such Loan Party (including Regulations T, U and X of the Federal Reserve Board), or any order or decree of any Governmental Authority or arbitrator applicable to such
Loan Party, (C) conflict with or result in the breach of, or constitute a default under, or result in or permit the termination or acceleration of, any material Contractual Obligation of such
Loan Party or any of its Subsidiaries or (D) result in the creation or imposition of any Lien upon any property of such Loan Party or any of its Subsidiaries, other than those in favor of the
Secured Parties pursuant to the Collateral Documents; and 

56

 

        (iv)  do
not require the consent of, authorization by, approval of, notice to, or filing or registration with, any Governmental Authority or any other Person, other than
those listed on Schedule 4.2 (Consents) and that have been or will be, prior to the Closing Date, obtained or made, copies of which have been or
will be delivered to the Administrative Agent pursuant to Section 3.1 (Conditions Precedent to Initial Loans and Letters of Credit), and each of
which on the Closing Date will be in full force and effect and, with respect to the Collateral, (A) filings required to perfect the Liens created by the Collateral Documents and
(B) notices and consents required to assign the Loan Parties' rights to payment of Accounts due from any Governmental Authority to the Administrative Agent pursuant to the Assignment of Claims
Act of 1940, as amended, or other applicable law. 

        (b)   This
Agreement has been, and each of the other Loan Documents will have been upon delivery thereof pursuant to the terms of this Agreement, duly executed and delivered
by each Loan Party party thereto. This Agreement is, and the other Loan Documents will be, when delivered hereunder, the legal, valid and binding obligation of each Loan Party party thereto,
enforceable against such Loan Party in accordance with its terms, except as enforceability may be limited by bankruptcy, insolvency, or similar laws, affecting the enforcement of creditors' rights
generally and by general equitable principles. 

 
 

          Section 4.3    Ownership of Borrower; Subsidiaries     

        (a)   Schedule 4.3(a) (Borrower Information) sets forth as of the Closing Date the name, address of principal place of
business and taxpayer identification number of the Borrower. As of the Closing Date, the Control Group collectively owns at least 65% of the outstanding Voting Stock of the Borrower. There are no
agreements or understandings to which either the Borrower or any Guarantor is a party with respect to the voting, sale or transfer of any Stock of any Subsidiary of the Borrower set forth on  Schedule 4.3(b) (Ownership of
Subsidiaries) or any agreement restricting the transfer or hypothecation of any such Stock. 

        (b)   On
the Closing Date, the authorized capital Stock of DataPath, Inc. consists of (i) 50,000,000 shares of common stock, no par value per share, of which
30,000,000 shares are issued and outstanding and (ii) 5,000,000 shares of preferred stock, no par value per share, of which no shares are issued and outstanding. Set forth on  Schedule 4.3(b) (Ownership of
Subsidiaries) is a complete and accurate list showing, as of the Closing Date, all Subsidiaries of the Borrower
and, as to each such Subsidiary, the jurisdiction of its organization, the number of shares of each class of Stock authorized (if applicable), the number outstanding on the Closing Date and the number
and percentage of the outstanding shares of each such class owned (directly or indirectly) by the Borrower. Except as set forth on Schedule 4.3(a) (Borrower
Information), no Stock or any Subsidiary of the Borrower is subject to any outstanding option, warrant, right of conversion or purchase of any similar right. All of the
outstanding Stock of each Subsidiary of the Borrower owned (directly or indirectly) by the Borrower has been validly issued, is fully paid and non-assessable (to the extent applicable) and
is owned by the Borrower or a Subsidiary of the Borrower, free and clear of all Liens (other than the Lien in favor of the Secured Parties created pursuant to the Pledge and Security Agreement and any
other Liens permitted by Section 8.2 hereof), options, warrants, rights of conversion or purchase or any similar rights. Neither the Borrower nor
any such Subsidiary is a party to, or has knowledge of, any agreement restricting the transfer or hypothecation of any Stock of any such Subsidiary, other than the Loan Documents. The Borrower does
not own or hold, directly or indirectly, any Stock of any Person other than such Subsidiaries and Investments permitted by Section 8.3
(Investments).

57

  

 
 

           Section 4.4    Financial Statements     

        (a)   The
audited Consolidated balance sheets of DataPath, Inc. and its Subsidiaries as at December 31, 2004 and December 31, 2003, and the related
audited Consolidated statements of income, retained earnings and cash flows of DataPath, Inc. and its Subsidiaries for the fiscal years then ended, and the unaudited Consolidated balance sheets
of the Borrower and its Subsidiaries as at July 31, 2005, and the related unaudited Consolidated statements of income, retained earnings and cash flows of the Borrower and its Subsidiaries for
the seven months then ended, copies of which have been furnished to each Lender, fairly present, subject, in the case of said balance sheets as at July 31, 2005, and said statements of income,
retained earnings and cash flows for the seven months then ended, to the absence of footnote disclosure and normal recurring year-end audit adjustments, the Consolidated financial
condition of Datapath, Inc, the Borrower and their respective Subsidiaries as at such dates and the Consolidated results of the operations of DataPath, Inc., the Borrower and their respective
Subsidiaries for the period ended on such dates, all in conformity with GAAP. 

        (b)   None
of the Borrower or any of the Borrower's Subsidiaries has any material obligation, contingent liability or liability for taxes, long-term leases or
unusual forward or long-term commitment that is not reflected in the Financial Statements referred to in clause (a) above or in the
notes thereto and not otherwise permitted by this Agreement. 

        (c)   The
Projections have been prepared by the Borrower in light of the past operations of its business, and reflect projections for the five year period covering the fiscal
year ending in 2005 through 2010 inclusive, on a quarterly basis for the first Fiscal Year and on a year by year basis thereafter. The Projections are based upon estimates and assumptions stated
therein, all of which the Borrower believes (on the date such Projections were made) to be reasonable and fair in light of current conditions and current facts known to the Borrower and, as of the
Closing Date, reflect the Borrower's good faith and reasonable estimates of the future financial performance of the Borrower and its Subsidiaries and of the other information projected therein for the
periods set forth therein. 

        (d)   The
unaudited Consolidated and consolidating (if any) balance sheet of the Borrower and its Subsidiaries, a copy of which has been delivered to each Lender pursuant to  Section 3.1 (Conditions Precedent to Initial Loans and
Letters of Credit), has been prepared as of July 31, 2005 reflects as of such date,
on a Pro Forma Basis, the Consolidated and consolidating (if applicable) financial condition of the Borrower and its Subsidiaries, and the assumptions
expressed therein were reasonable based on the information available to the Borrower at the time so furnished and on the Closing Date. 

 
 

          Section 4.5    Material Adverse Change     

        Since
December 31, 2004 there has been no Material Adverse Change and there have been no events or developments that, in the aggregate, have had a Material Adverse Effect. 

 
 

           Section 4.6    Solvency     

        Both
before and after giving effect to (a) the Loans and Letter of Credit Obligations to be made or extended on the Closing Date or such other date as Loans and Letter of Credit
Obligations requested hereunder are made or extended, (b) the disbursement of the proceeds of such Loans pursuant to the instructions of the Borrower, (c) the consummation of the
financing transactions contemplated hereby and (d) the payment and accrual of all transaction costs in connection with the foregoing, the Borrower (individually) is, and the Loan Parties (taken
as a whole) are, Solvent. 

 
 

          Section 4.7    Litigation     

        Except
as set forth on Schedule 4.7 (Litigation), there are no pending or, to the knowledge of the Borrower, threatened actions,
investigations or proceedings affecting the Borrower or any of its Subsidiaries before any court, Governmental Authority or arbitrator other than those that, in the aggregate, would not have a
Material Adverse Effect. The performance of any action by any Loan 

58

 

Party
required or contemplated by any Loan Document is not restrained or enjoined (either temporarily, preliminarily or permanently). 

 
 

           Section 4.8    Taxes     

        (a)   All
federal income tax returns and all other material state, local and foreign income and franchise and other material tax returns, reports and statements (collectively,
the "Tax Returns") required to be filed by the Borrower or any of its Tax Affiliates have been filed
with the appropriate Governmental Authorities in all jurisdictions in which such Tax Returns are required to be filed, all such Tax Returns are true and correct in all material respects, and all
taxes, charges and other impositions reflected therein or otherwise due and payable have been paid prior to the date on which any fine, penalty, interest, late charge or loss may be added thereto for
non-payment thereof except where contested in good faith and by appropriate proceedings if adequate reserves therefor have been established on the books of the Borrower or such Tax
Affiliate to the extent required by and in conformity with GAAP. No Tax Return is under audit or examination by any Governmental Authority and no notice of such an audit or examination or any
assertion of any claim for Taxes has been received. Proper and accurate amounts have been withheld by the Borrower and each of its Tax Affiliates from their respective employees for all periods in
full and complete compliance with the tax, social security and unemployment withholding provisions of applicable Requirements of Law and such withholdings have been timely paid to the respective
Governmental Authorities, except where any such failures would not, in the aggregate, have a Material Adverse Effect. 

        (b)   None
of the Borrower or any of its Tax Affiliates has (i) executed or filed with the IRS or any other Governmental Authority any agreement or other document
extending, or having the effect of extending, the period for the filing of any Tax Return or the assessment or collection of any charges, (ii) incurred any obligation under any tax sharing
agreement or arrangement other than those of which the Administrative Agent has received a copy prior to the Closing Date or (iii) been a member of an affiliated, combined or unitary group
other than the group of which the Borrower (or its Tax Affiliate) is the common parent. 

 
 

          Section 4.9    Full Disclosure     

        Information
prepared or furnished by or on behalf of the Borrower in connection with this Agreement or the consummation of the transactions contemplated hereunder, including, without
limitation, the Confidential Information Memorandum, taken as a whole does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements
contained therein or herein not misleading. All facts known to the Borrower and material to an understanding of the financial condition, business, properties or prospects of the Borrower and its
Subsidiaries taken as one enterprise have been disclosed to the Lenders. 

 
 

           Section 4.10    Margin Regulations     

        The
Borrower is not engaged in the business of extending credit for the purpose of purchasing or carrying margin stock (within the meaning of Regulation U of the Federal Reserve
Board), and no proceeds of any Loan will be used to purchase or carry any such margin stock or to extend credit to
others for the purpose of purchasing or carrying any such margin stock in contravention of Regulation T, U or X of the Federal Reserve Board. 

 
 

           Section 4.11    No Burdensome Restrictions; No Defaults     

        (a)   None
of the Borrower or any Subsidiary of the Borrower (i) is a party to any Contractual Obligation the compliance with one or more of which would have, in the
aggregate, a Material Adverse Effect or the performance of which by any thereof, either unconditionally or upon the happening of an event, would result in the creation of a Lien (other than a Lien
permitted under Section 8.2 (Liens,  

59

 

 Etc.)) on the assets of any thereof or (ii) is subject to one or more charter or corporate restrictions that would, in the aggregate, have a Material Adverse Effect. 

        (b)   None
of the Borrower or any Subsidiary of the Borrower is in default under or with respect to any Contractual Obligation owed by it and, to the knowledge of the
Borrower, no other party is in default under or with respect to any Contractual Obligation owed to any Loan Party or to any Subsidiary of any Loan Party, other than, in either case, those defaults
that, in the aggregate, would not have a Material Adverse Effect. 

        (c)   To
the best knowledge of the Borrower, there are no Requirements of Law applicable to any Loan Party or any Subsidiary of any Loan Party the compliance with which by
such Loan Party or such Subsidiary, as the case may be, would, in the aggregate, have a Material Adverse Effect. 

 
 

           Section 4.12    Investment Company Act; Public Utility Holding Company Act     

        None
of the Borrower or any Subsidiary of the Borrower is (a) an "investment company" or an "affiliated
person" of, or "promoter" or "principal underwriter" for, an
"investment company," as such terms are defined in the Investment Company Act of 1940, as amended or (b) a "holding
company" or an "affiliate" of a "holding company" or a
"subsidiary company" of a "holding company," as each such term is defined and used in the Public Utility
Holding Company Act of 1935, as amended. 

 
 

           Section 4.13    Use of Proceeds     

        The
proceeds of the Loans extended on the Closing Date will be used by the Borrower (and, to the extent distributed to them by the Borrower, each other Loan Party) solely (a) to
refinance all Indebtedness and other obligations outstanding under the Existing Loan Agreement and the Existing Notes and for the payment of related transaction costs, fees and expenses,
(b) for the payment of transaction costs, fees and expenses incurred in connection with this Agreement and the transactions contemplated hereby and (c) for working capital and general
corporate purposes including, without limitation, Permitted Investments. 

 
 

           Section 4.14    Insurance     

        All
policies of insurance of any kind or nature of the Borrower or any of its Subsidiaries, including policies of life, fire, theft, product liability, public liability, property damage,
other casualty, employee fidelity, workers' compensation and employee health and welfare insurance, are in full force and effect and are of a nature and provide such coverage as is sufficient and as
is customarily carried by businesses of the size and character of such Person. 

 
 

           Section 4.15    Labor Matters     

        (a)   There
are no strikes, work stoppages, slowdowns or lockouts pending or threatened against or involving the Borrower or any of its Subsidiaries, other than those that, in
the aggregate, would not have a Material Adverse Effect. 

        (b)   There
are no unfair labor practices, grievances, complaints or arbitrations pending, or, to the Borrower's knowledge, threatened, against or involving the Borrower or
any of its Subsidiaries, nor are there any arbitrations or grievances threatened involving the Borrower or any of its Subsidiaries, other than those that, in the aggregate, would not have a Material
Adverse Effect. 

        (c)   Except
as set forth on Schedule 4.15 (Labor Matters), as of the Closing Date, there is no collective bargaining
agreement covering any employee of the Borrower or its Subsidiaries. 

        (d)   Schedule 4.15 (Labor Matters) sets forth, as of the Closing Date, all material consulting agreements, executive
employment agreements, executive compensation plans, deferred compensation agreements, employee stock purchase and stock option plans and severance plans of the Borrower and any of its Subsidiaries. 

60

 

 
 

           Section 4.16    ERISA     

        (a)   Schedule 4.16 (List of Plans) separately identifies as of the Closing Date all Title IV Plans, all Multiemployer
Plans and all of the employee benefit plans within the meaning of Section 3(3) of ERISA to which the Borrower or any of its Subsidiaries has any obligation or liability, contingent or
otherwise. 

        (b)   Each
employee benefit plan of the Borrower or any of the Borrower's Subsidiaries intended to qualify under Section 401 of the Code does so qualify, and any trust
created thereunder is exempt from tax under the provisions of Section 501 of the Code, except where such failures, in the aggregate, would not have a Material Adverse Effect. 

        (c)   Each
Title IV Plan is in compliance in all material respects with applicable provisions of ERISA, the Code and other Requirements of Law except for
non-compliances that, in the aggregate, would not have a Material Adverse Effect. 

        (d)   There,
has been no, nor is there reasonably expected to occur, any ERISA Event other than those that, in the aggregate, would not have a Material Adverse Effect. 

        (e)   Except
to the extent set forth on Schedule 4.16 (List of Plans), none of the Borrower, any of the Borrower's
Subsidiaries or any ERISA Affiliate would have any Withdrawal Liability as a result of a complete withdrawal as of the Closing Date from any Multiemployer Plan. 

 
 

           Section 4.17    Environmental Matters     

        (a)   The
operations of the Borrower and each of its Subsidiaries have been and are in compliance with all Environmental Laws, including obtaining and complying with all
required environmental, health and safety Permits, other than non-compliances that, in the aggregate, would not have a reasonable likelihood of the Borrower and its Subsidiaries incurring
Environmental Liabilities and Costs after the Closing Date whose Dollar Equivalent would exceed $5,000,000. 

        (b)   None
of the Borrower or any of its Subsidiaries or any Real Property currently or, to the knowledge of the Borrower, previously owned, operated or leased by or for the
Borrower or any of its Subsidiaries is subject to any pending or, to the knowledge of the Borrower, threatened, claim, order, agreement, notice of violation, notice of potential liability or is the
subject of any pending or threatened proceeding or governmental investigation under or pursuant to Environmental Laws other than those that, in the aggregate, are not reasonably likely to result in
the Borrower and its Subsidiaries incurring Environmental Liabilities and Costs whose Dollar Equivalent would exceed $5,000,000. 

        (c)   Except
as disclosed on Schedule 4.17 (Environmental Matters), none of the Borrower or any of its Subsidiaries is a
treatment, storage or disposal facility requiring a Permit under the Resource Conservation and Recovery Act, 42 U.S.C. § 6901 et seq., the regulations thereunder or any state analog. 

        (d)   There
are no facts, circumstances or conditions arising out of or relating to the operations or ownership of the Borrower or of Real Property owned, operated or leased
by the Borrower or any of its Subsidiaries that are not specifically included in the financial information furnished to the Lenders other than those that, in the aggregate, would not have a reasonable
likelihood of the Borrower and its Subsidiaries incurring Environmental Liabilities and Costs in excess of $5,000,000. 

        (e)   As
of the Closing Date, no Environmental Lien has attached to any property of the Borrower or any of its Subsidiaries and, to the knowledge of the Borrower, no facts,
circumstances or conditions exist that could reasonably be expected to result in any such Lien attaching to any such property. 

        (f)    The
Borrower and each of its Subsidiaries has provided the Lenders with copies of all environmental, health or safety audits, studies, assessments, inspections,
investigations or other 

61

 

environmental
health and safety reports relating to the operations of the Borrower or any of its Subsidiaries or any Real Property of any of them that are in the possession, custody or control of the
Borrower or any of its Subsidiaries. 

 
 

           Section 4.18    Intellectual Property     

        The
Borrower and its Subsidiaries own or license or otherwise have the right to use all licenses, permits, patents, patent applications, trademarks, trademark applications, service
marks, trade names, copyrights, copyright applications, Internet domain names, franchises, authorizations and other intellectual property rights (including all Intellectual Property as defined in the
Pledge and Security Agreement) that are necessary for the operations of their respective businesses, without infringement upon or conflict with the rights of any other Person with respect thereto,
including all trade names associated with any private label brands of the Borrower or any of its Subsidiaries. To the Borrower's knowledge, except to the extent that the same do not in the aggregate
constitute a Material Adverse Effect, no license, permit, patent, patent application, trademark, trademark application, service mark, trade name, copyright, copyright application, Internet domain
name, franchise, authorization, other intellectual property right (including all "Intellectual Property" as defined in the Pledge and Security
Agreement), slogan or other advertising device, product, process, method, substance, part or component, or other material now employed, or now contemplated to be employed, by the Borrower or any of
its Subsidiaries infringes upon or conflicts with any rights owned by any other Person, and no claim or litigation regarding any of the foregoing is pending or threatened. 

 
 

           Section 4.19    Title; Real Property     

        (a)   Each
of the Borrower and its Subsidiaries has good and marketable title to, or valid leasehold interests in, all Real Property and good title to all personal property,
in each case that is purported to be owned or leased by it, including those reflected on the most recent Financial Statements delivered by the Borrower, and none of such properties and assets is
subject to any Lien, except Liens permitted under Section 8.2 (Liens, Etc.). The Borrower and its Subsidiaries have received all deeds,
assignments, waivers, consents, non-disturbance and recognition or similar agreements, bills of sale and other documents in respect of, and have duly effected all recordings, filings and
other actions necessary to establish, protect and perfect, the Borrower's and its Subsidiaries' right, title and interest in and to all such property. 

        (b)   Set
forth on Schedule 4.19 (Real Property) is a complete and accurate list of all Real Property of each Loan Party
and each of its Subsidiaries as of the Closing Date and showing, as of the Closing Date, the current street address (including, where applicable, county, state and other relevant jurisdictions),
record owner and, where applicable, lessee thereof. 

        (c)   No
Loan Party nor any of its Subsidiaries owns or holds, or is obligated under or a party to, any lease, option, right of first refusal or other contractual right to
purchase, acquire, sell, assign, dispose of or lease any Real Property of such Loan Party or any of its Subsidiaries. 

        (d)   As
of the Closing Date, no portion of any Real Property of any Loan Party or any of its Subsidiaries has suffered any material damage by fire or other casualty loss that
has not heretofore been completely repaired and restored to its original condition. As of the Closing Date, no portion of any Real Property of any Loan Party or any of its Subsidiaries is located in a
special flood hazard area as designated by any federal Governmental Authority. 

        (e)   All
Permits required to have been issued or appropriate to enable all Real Property of the Borrower or any of its Subsidiaries to be lawfully occupied and used for all
of the purposes for which they are currently occupied and used have been lawfully issued and are in full force and effect, other than those that, in the aggregate, would not have a Material Adverse
Effect. 

62

 

        (f)    None
of the Borrower or any of its Subsidiaries has received any notice, or has any knowledge, of any pending, threatened or contemplated condemnation proceeding
affecting any Real Property of the Borrower or any of its Subsidiaries or any part thereof, except those that, in the aggregate, would not have a Material Adverse Effect. 

 
 

           Section 4.20    Activities of the Borrower     

        Prior
to the Closing Date, the Borrower has not (a) engaged in any business or activity other than (i) holding shares in the Stock of DataPath, Inc. and membership
interests in the Subsidiaries listed on Schedule 4.3(b) (Ownership of Subsidiaries), (ii) paying taxes, (iii) preparing reports to
Governmental Authorities and to its shareholders and (iv) holding directors and shareholders meetings, preparing corporate records and other corporate activities required to maintain its
separate corporate structure or (b) incurred or assumed or become liable in respect of any Indebtedness, liabilities or Liens. 

 
 

ARTICLE V    
    
    FINANCIAL COVENANTS    
    

        The Borrower agrees with the Lenders, the Issuers and the Administrative Agent to each of the following as long as any Obligation or any Revolving Credit
Commitment remains outstanding and, in each case, unless the Requisite Lenders otherwise consent in writing: 

 
 

           Section 5.1    Maximum Leverage Ratio     

        The
Borrower shall maintain, as determined as of the last day of each Fiscal Quarter, a Leverage Ratio of not more than 3.00 to 1.00. 

 
 

           Section 5.2    Minimum Interest Coverage Ratio     

        The
Borrower shall maintain an Interest Coverage Ratio of 5:00 to 1:00, as determined as of the last day of each Fiscal Quarter, for the four Fiscal Quarters ending on such day;  provided, however, that if
on such date the number of Fiscal Quarters which have ended subsequent to the Closing Date is less than four, Cash Interest
Expense used for determining such ratio shall be Annualized based on the number of Fiscal Quarters which have then ended subsequent to the Closing Date. 

 
 

           Section 5.3    Capital Expenditures     

        The
Borrower together with its Subsidiaries shall not make or incur, or permit to be made or incurred, Capital Expenditures during each of the Fiscal Years set forth below to be, in the
aggregate, in excess of the maximum amount set forth below for such Fiscal Year: 

	FISCAL YEAR ENDING
 
	 	MAXIMUM CAPITAL

EXPENDITURES

	2005	 	$	8,000,000
	2006	 	$	15,000,000
	2007	 	$	20,000,000
	2008	 	$	20,000,000
	2009	 	$	25,000,000
	2010	 	$	25.000,000

provided, however, that to the extent that actual Capital Expenditures for any such Fiscal Year shall be less than the maximum amount set forth above
for such Fiscal Year (without giving effect to the carryover permitted by this proviso), 75% of the difference between said stated maximum amount and such actual Capital Expenditures shall, in
addition, be available for Capital Expenditures in the next succeeding Fiscal Year. Capital Expenditures made in any Fiscal Year shall be deemed to be made,
first, in respect of amounts carried over from the prior Fiscal Year and, second, in respect of amounts permitted for such
Fiscal Year. 

63

 

 
 

ARTICLE VI    
    
    REPORTING COVENANTS    
    

        The Borrower agrees with the Lenders, the Issuers and the Administrative Agent to each of the following, as long as any Obligation or any Revolving Credit
Commitment remains outstanding and, in each case, unless the Requisite Lenders otherwise consent in writing: 

 
 

          Section 6.1    Financial Statements     

        The
Borrower shall furnish to the Administrative Agent (who shall furnish or make available to each of the Lenders) each of the following: 

        (a)    Quarterly Reports.    Within 60 days after the end of each Fiscal Quarter of each Fiscal Year, financial
information regarding the Borrower and its Subsidiaries consisting of Consolidated (and consolidating, if available) unaudited balance sheets as of the close of such quarter and the related statements
of income and cash flow for such quarter and that portion of the Fiscal Year ending as of the close of such quarter, setting forth in comparative form the figures for the corresponding period in the
prior year and the figures contained in the Projections, in each case certified by the Borrower in a certificate executed by the Borrower's chief financial officer in his capacity at an officer of the
Borrower (and not individually) as fairly presenting the Consolidated (and consolidating, if available) financial position of the Borrower and its Subsidiaries as at the dates indicated and the
results of their operations and cash flow for the periods indicated in accordance with GAAP (subject to the absence of footnote disclosure and normal year-end audit adjustments) and
setting forth any Reinvestment Events and corresponding Reinvestment Deferred Amounts for such Fiscal Quarter and any Reinvestment Deferred Amounts to be paid to the Lenders and the corresponding
Reinvestment Prepayment Date. 

        (b)    Annual Reports.    Within 120 days after the end of each Fiscal Year, financial information regarding
the Borrower and its Subsidiaries consisting of Consolidated (and consolidating, if available) balance sheets of the Borrower and its Subsidiaries as of the end of such year and related statements of
income and cash flows of the Borrower and its Subsidiaries for such Fiscal Year, all prepared in conformity with GAAP and certified, in the case of such Consolidated Financial Statements, without
qualification as to the scope of the audit or as to the Borrower being a going concern by the Borrower's Accountants, together with the report of such accounting firm stating that (i) such
Financial Statements fairly present the Consolidated financial position of the Borrower and its Subsidiaries as at the dates indicated and the results of their operations and cash flow for the periods
indicated in conformity with GAAP applied on a basis consistent with prior years (except for changes with which the Borrower's Accountants shall concur and that shall have been disclosed in the notes
to the Financial Statements) and (ii) the
examination by the Borrower's Accountants in connection with such Consolidated (and consolidating, if available) Financial Statements has been made in accordance with generally accepted auditing
standards. 

        (c)    Compliance Certificate.    Together with each delivery of any Financial Statement pursuant to  clause (a) or
(b) above, a certificate of a Responsible Officer of the Borrower (each,  a "Compliance Certificate") (i) showing in reasonable detail the calculations
used in determining the Leverage Ratio (for purposes of determining
the Applicable Margin) and demonstrating compliance with each of the financial covenants contained in Article V (Financial Covenants) that is
tested on a quarterly basis and (ii) stating that no Default or Event of Default has occurred and is continuing or, if a Default or an Event of Default has occurred and is continuing, stating
the nature thereof and the action that the Borrower proposes to take with respect thereto. 

        (d)    Corporate Chart and Other Collateral Updates.    Together with each delivery of any Financial Statement
pursuant to clause (a) or (b) above, (i) a certificate of a Responsible Officer of the Borrower certifying that the Corporate Chart
attached thereto (or the last Corporate Chart 

64

 

delivered
pursuant to this clause (d) is true, correct, complete and current as of the date of such Financial Statement and (ii) a
certificate of a Responsible Officer of the Borrower in form and substance satisfactory to the Administrative Agent that all certificates, statements, updates and other documents (including updated
schedules) required to be delivered pursuant to the Pledge and Security Agreement by any Loan Party in the preceding Fiscal Quarter have been delivered thereunder (or such delivery requirement was
otherwise duly waived or extended). The reporting requirements set forth in this clause (d) are in addition to, and are not intended to and shall
not replace or otherwise modify, any obligation of any Loan Party under any Loan Document (including other notice or reporting requirements). Compliance with the reporting obligations in this  clause (d) shall only provide notice to the Administrative Agent and shall not, by itself, modify any obligation of any Loan Party under any Loan
Document, update any Schedule to this Agreement or any schedule to any other Loan Document or cure, or otherwise modify in any way, any failure to comply with any covenant, or any breach of any
representation or warranty, contained in any Loan Document or any other Default or Event of Default. 

        (e)    Projections.    Not later than 30 days after the start of each Fiscal Year, and containing substantially
the types of financial information contained in the Projections, forecasts prepared by management of the Borrower for such Fiscal Year and each of the succeeding Fiscal Years through the Fiscal Year
in which the Scheduled Termination Date is scheduled to occur, including, in each instance, a projected year-end Consolidated balance sheet and income statement, a statement of cash flows
and a statement of all of the material assumptions on which such forecasts are based. 

        (f)    Management Letters, Etc.    Within five Business Days after receipt thereof by any Loan Party, copies of each
management letter, exception report or similar letter or report received by such Loan Party from its independent certified public accountants (including the Borrower's Accountants). 

        (g)    Intercompany Loan Balances.    Together with each delivery of any Financial Statement pursuant to  clause (a) above, a
summary of the outstanding balance of all intercompany Indebtedness as of the last day of the fiscal month covered by such
Financial Statement, certified by a Responsible Officer of the Borrower. 

 
 

           Section 6.2    Default Notices     

        As
soon as practicable, and in any event within five Business Days after a Responsible Officer of any Loan Party has actual knowledge of the existence of any Default, Event of Default or
other event having had a Material Adverse Effect or having any reasonable likelihood of causing or resulting in a Material Adverse Change, the Borrower shall give the Administrative Agent notice
specifying the nature of such Default or Event of Default or other event, including the anticipated effect thereof, which notice, if given by telephone, shall be promptly confirmed in writing on the
next Business Day. 

 
 

           Section 6.3    Litigation     

        Promptly
after the commencement thereof, the Borrower shall give the Administrative Agent written notice of the commencement of all actions, suits and proceedings before any domestic or
foreign Governmental Authority or arbitrator affecting the Borrower or any Subsidiary of the Borrower that (i) seeks injunctive or similar relief or (ii) in the reasonable judgment of
the Borrower, expose the Borrower or such Subsidiary to liability in an amount aggregating $1,000,000 or more or that, if adversely determined, could reasonably be expected to result in a Material
Adverse Effect. 

 
 

           Section 6.4    Asset Sales     

        Prior
to any Asset Sale whose Net Cash Proceeds (or the Dollar Equivalent thereof) are anticipated to exceed $5,000,000, the Borrower
shall send the Administrative Agent a notice (a) describing such Asset Sale or the nature and material terms and conditions of such transaction and (b) stating the estimated Net Cash
Proceeds anticipated to be received by the Borrower or any of its Subsidiaries. 

65

  

 
 

           Section 6.5    Labor Relations     

        Promptly
after becoming aware of the same, the Borrower shall give the Administrative Agent written notice of (a) any material labor dispute to which the Borrower or any of its
Subsidiaries is or may become a party, including any strikes, lockouts or other disputes relating to any of such Person's plants and other facilities, and (b) any Worker Adjustment and
Retraining Notification Act or related liability incurred with respect to the closing of any plant or other facility of any such Person. 

 
 

           Section 6.6    SEC Filings; Press Releases     

        Promptly
after the sending or filing thereof, the Borrower shall send the Administrative Agent copies of all press releases regarding, and other statements concerning, material changes
or developments in the business of such Loan Party made available by any Loan Party to the public or any other creditor. 

 
 

           Section 6.7    Tax Returns     

        Upon
the request of any Lender, through the Administrative Agent, the Borrower shall provide copies of all federal, state, local and foreign tax returns and reports filed by the Borrower
or any Subsidiary of the Borrower in respect of taxes measured by income (excluding sales, use and like taxes). 

 
 

           Section 6.8    Insurance     

        As
soon as is practicable and in any event within 90 days after the end of each Fiscal Year, the Borrower shall furnish the Administrative Agent with (a) a report in form
and substance satisfactory to
the Administrative Agent outlining all material insurance coverage maintained as of the date of such report by the Borrower or any Subsidiary of the Borrower and the duration of such coverage and
(b) an insurance broker's statement that all premiums then due and payable with respect to such coverage have been paid and confirming, with respect to any insurance maintained by the Borrower
or any Loan Party, that the Administrative Agent has been named as loss payee or additional insured, as applicable. 

 
 

           Section 6.9    ERISA Matters     

        The
Borrower shall furnish the Administrative Agent each of the following: 

        (a)   promptly
and in any event within 30 days after the Borrower, any Subsidiary of the Borrower or any ERISA Affiliate knows or has reason to know that any ERISA
Event has occurred, written notice describing such event; 

        (b)   promptly
and in any event within 10 days after the Borrower, any Subsidiary of the Borrower or any ERISA Affiliate knows or has reason to know that a request for
a minimum funding waiver under Section 412 of the Code has been filed with respect to any Title TV Plan or Multiemployer Plan, a written statement of a Responsible Officer of the Borrower
describing such ERISA Event or waiver request and the action, if any, the Borrower, its Subsidiaries and ERISA Affiliates propose to take with respect thereto and a copy of any notice filed with the
PBGC or the IRS pertaining thereto; and 

        (c)   simultaneously
with the date that the Borrower, any Subsidiary of the Borrower or any ERISA Affiliate files a notice of intent to terminate any Title IV Plan, if such
termination would require material additional contributions in order to be considered a standard termination within the meaning of Section 4041(b) of ERISA, a copy of each notice. 

66

 

 
 

           Section 6.10    Environmental Matters     

        The
Borrower shall provide the Administrative Agent promptly and in any event within 10 days after the Borrower or any Subsidiary of the Borrower learning of any of the following,
written notice of each of the following: 

        (a)   that
any Loan Party is or may be liable to any Person as a result of a Release or threatened Release that could reasonably be expected to subject such Loan Party to
Environmental Liabilities and Costs whose Dollar Equivalent shall exceed $1,000,000; 

        (b)   the
receipt by any Loan Party of notification that any real or personal property of such Loan Party is or is reasonably likely to be subject to any Environmental Lien; 

        (c)   the
receipt by any Loan Party of any notice of violation of or potential liability under, or knowledge by such Loan Party that there exists a condition that could
reasonably be expected to result in a violation of or liability under, any Environmental Law, except for violations and liabilities the consequence of which, in the aggregate, would not be reasonably
likely to subject the Loan Parties collectively to Environmental Liabilities and Costs whose Dollar Equivalent shall exceed $1,000,000; 

        (d)   the
commencement of any judicial or administrative proceeding or investigation alleging a violation of or liability under any Environmental Law, that, in the aggregate,
if adversely determined, would have a reasonable likelihood of subjecting the Loan Parties collectively to Environmental Liabilities and Costs whose Dollar Equivalent shall exceed $1,000,000; 

        (e)   any
Proposed Investment of stock, assets or real estate, any proposed leasing of property or any other action by any Loan Party or any of its Subsidiaries other than
those the consequences of which, in the aggregate, have reasonable likelihood of subjecting the Loan Parties collectively to Environmental Liabilities and Costs whose Dollar Equivalent shall exceed
$1,000,000; 

        (f)    any
proposed action by any Loan Party or any of its Subsidiaries or any proposed change in Environmental Laws that, in the aggregate, have a reasonable likelihood of
requiring the Loan Parties to obtain additional environmental, health or safety Permits or make additional capital improvements to obtain compliance with Environmental Laws that, in the aggregate,
would have cost $10,000,000 or more or that shall subject the Loan Parties to additional Environmental Liabilities and Costs whose Dollar Equivalent shall exceed $10,000,000; and 

        (g)   upon
written request by any Lender through the Administrative Agent, a report providing an update of the status of any environmental, health or safety compliance, hazard
or liability issue identified in any notice or report delivered pursuant to this Agreement. 

 
 

           Section 6.11    Customer Contracts     

        Promptly
after any Loan Party becoming aware of the same, the Borrower shall give the Administrative Agent written notice of any cancellation, termination or loss of any material
Contractual Obligation in favor of any Loan Party or other customer arrangement. 

 
 

           Section 6.12    Other Information     

        The
Borrower shall provide the Administrative Agent or any Lender with such other information respecting the business, properties, condition, financial or otherwise, or operations of the
Borrower or any Subsidiary of the Borrower as the Administrative Agent or such Lender through the Administrative Agent may from time to time reasonably request. 

67

 

 
 

ARTICLE VII
  
    AFFIRMATIVE COVENANTS    
    

        The Borrower agrees with the Lenders, the Issuers and the Administrative Agent to each of the following, as long as any Obligation or any Revolving Credit
Commitment remains outstanding and, in each case, unless the Requisite Lenders otherwise consent in writing: 

 
 

           Section 7.1    Preservation of Corporate Existence, Etc.     

        The
Borrower shall, and shall cause each Subsidiary of the Borrower to, preserve and maintain its legal existence, rights (charter and statutory) and franchises, except as permitted by  Sections 8.4 (Sale of Assets) and 8.7 (Restriction on Fundamental Changes; Permitted Investments).

 
 

           Section 7.2    Compliance with Laws, Etc.     

        The
Borrower shall, and shall cause each Subsidiary of the Borrower to, comply with all applicable Requirements of Law, Contractual Obligations and Permits, except where the failure so
to comply would not, in the aggregate, have a Material Adverse Effect. 

 
 

          Section 7.3    Conduct of Business     

        The
Borrower shall cause each Subsidiary of the Borrower to, (a) conduct its business in the ordinary course and (b) use its reasonable efforts, in the ordinary course and
consistent with past practice, to preserve its business and the goodwill and business of the customers, advertisers, suppliers and others having business relations with the Borrower or any of its
Subsidiaries, except in each case where the failure to comply with the covenants in each of clauses (a) and  (b) above would not, in the aggregate, have a
Material Adverse Effect. 

 
 

           Section 7.4    Payment of Taxes, Etc.     

        The
Borrower shall, and shall cause each Subsidiary of the Borrower to, pay and discharge before the same shall become delinquent, all lawful governmental claims, taxes, assessments,
charges and levies, except where contested in good faith, by proper proceedings and adequate reserves therefor have been established on the books of the Borrower or the appropriate Subsidiary to the
extent required by and in conformity with GAAP. 

 
 

           Section 7.5    Maintenance of Insurance     

        The
Borrower shall (a) maintain for, itself and cause to be maintained for each Subsidiary of the Borrower, insurance with responsible and reputable insurance companies or
associations in such amounts and covering such risks as is usually carried by companies engaged in similar businesses and owning similar properties in the same general areas in which the Borrower or
such Subsidiary operates, and, in any event, all insurance required by any Collateral Documents and (b) cause all such insurance relating to any Loan Party to name the Administrative Agent on
behalf of the Secured Parties as
additional insured or loss payee, as appropriate, and to provide that no cancellation, material addition in amount or material change in coverage shall be effective until after 30 days' written
notice thereof to the Administrative Agent; provided, however, that nothing herein shall prohibit the Borrower from reducing or canceling any such
insurance without such 30 days' written notice if such reduction or cancellation is made at a time when other insurance coverage satisfying the requirements under this  Section 7.5 is in
effect. 

 
 

           Section 7.6    Access     

        Except
as prohibited by law, regulation or by the terms of any security or confidentiality obligation imposed by any Governmental Authority, the Borrower shall, and shall cause each
Subsidiary of the Borrower to, from time to time permit the Administrative Agent and the Lenders, or any agents or representatives thereof, within two Business Days after written notification of the
same (except that 

68

 

during
the continuance of an Event of Default, no such notice shall be required) to (a) examine and make copies of and abstracts from the records and books of account of the Borrower and each
Subsidiary of the Borrower, (b) visit the properties of the Borrower and each Subsidiary of the Borrower, (c) discuss the affairs, finances and accounts of the Borrower and each
Subsidiary of the Borrower with any of their respective officers or directors and (d) communicate directly with any of its certified public accountants (including the Borrower's Accountants).
The Borrower shall authorize its certified public accountants (including the Borrower's Accountants), and shall cause the certified public accountants of any Subsidiary of the Borrower, if any, to be
authorized to disclose to the Administrative Agent or any Lender any and all financial statements and other information of any kind, as the Administrative Agent or any Lender reasonably requests and
that such accountants may have with respect to the business, financial condition, results of operations or other affairs of the Borrower or any Subsidiary of the Borrower. To the extent any action by
the Administrative Agent or the Lenders (including any agents or representatives thereof) under this Section 7,6 is prohibited by law, regulation
or by the terms of any security or confidentiality obligation imposed by any Governmental Authority, the Borrower shall, and shall cause each Subsidiary of the Borrower to, use reasonable efforts to
obtain consents, waivers or other permission from the applicable Governmental Authority to permit such action. In the event of any such action by the Administrative Agent or any Lender, each such
Person agrees to use commercially reasonable efforts to comply in all material respects with all applicable material health, safety, confidentiality and security Requirements of Law. 

 
 

           Section 7.7    Keeping of Books     

        The
Borrower shall, and shall cause each Subsidiary of the Borrower to keep, proper books of record and account, in which full and correct entries shall be made in conformity with GAAP
of all financial transactions and the assets and business of the Borrower and each such Subsidiary. 

 
 

           Section 7.8    Maintenance of Properties, Etc.     

        The
Borrower shall, and shall cause each Subsidiary of the Borrower to, maintain and preserve (a) in good working order and condition all of its properties necessary in the
conduct of its business, (b) all rights, permits, licenses, approvals and privileges (including all Permits) used or useful or necessary in the conduct of its business and (c) all
registered patents, trademarks, trade names, copyrights and service marks with respect to its business, except where failure to so maintain and preserve the items set forth in  clauses (a), (b) and
(c) above would not, in the aggregate, have a Material Adverse Effect. 

 
 

          Section 7.9    Application of Proceeds     

        The
Borrower (and, to the extent distributed to them by the Borrower, each Loan Party) shall use the entire amount of the proceeds of the Loans as provided in  Section 4.13 (Use of Proceeds).

 
 

          Section 7.10    Environmental     

        The
Borrower shall, and shall cause each Subsidiary of the Borrower to, comply in all material respects with Environmental Laws and, without limiting the foregoing, the Borrower shall,
at its sole cost and expense, upon receipt of any notification or otherwise obtaining knowledge of any Release or other event that has any reasonable likelihood of any of the Borrower or any
Subsidiary of the Borrower incurring Environmental Liabilities and Costs whose Dollar Equivalent shall exceed $5,000,000 in the aggregate, (a) conduct, or pay for consultants to conduct, tests
or assessments of environmental conditions at such operations or properties, including the investigation and testing of subsurface conditions and (b) take such Remedial Action and undertake
such investigation or other action as required by Environmental Laws or as any Governmental Authority requires or as is appropriate and consistent with good business practice to address the Release or
event and otherwise ensure compliance with Environmental Laws. 

69

 

 
 

          Section 7.11    Additional Collateral and Guaranties     

        To
the extent not delivered to the Administrative Agent on or before the Closing Date (including in respect of after acquired property and Persons that become Subsidiaries of any Loan
Party after the Closing Date), the Borrower agrees promptly to do, or cause each Subsidiary of the Borrower to do, each of the following, unless otherwise agreed by the Administrative Agent: 

        (a)   deliver
to the Administrative Agent such duly executed supplements and amendments to the Guaranty (or in the case of any Subsidiary of any Loan Party that is not a
Domestic Subsidiary or that holds shares in any Person that is not a Domestic Subsidiary, foreign guarantees and related documents), in each case in form and substance reasonably satisfactory to the
Administrative Agent and as the Administrative Agent deems necessary or advisable in order to ensure that each Subsidiary of each Loan Party that has entered into Guaranty Obligations or any other
Person entering into such Guaranty Obligations guaranties, as primary obligor and not as surety, the full and punctual payment when due of the Obligations or any part thereof;  provided, however, that in
no event shall any Excluded Foreign Subsidiary be required to guaranty the payment of the Obligations, unless (x) the
Borrower and the Administrative Agent otherwise agree or (y) such Excluded Foreign Subsidiary has entered into Guaranty Obligations in respect of other Indebtedness of the Borrower having
substantially similar tax consequences; 

        (b)   deliver
to the Administrative Agent such duly-executed joinder and amendments to the Pledge and Security Agreement and, if applicable, other Collateral
Documents (or, in the case of any such Subsidiary of any Loan Party that is not a Domestic Subsidiary or that holds shares in any Person that is not a Domestic Subsidiary, foreign charges, pledges,
security agreements and other Collateral Documents), in each case in form and substance reasonably satisfactory to the Administrative Agent and as the Administrative Agent deems necessary or advisable
in order to (i) effectively grant to the Administrative Agent, for the benefit of the Secured Parties, a valid, perfected and enforceable first-priority security interest (subject to any Liens
to the extent permitted by Section 8.2 (Liens, Etc.)) in the Stock and Stock Equivalents and other debt Securities owned by any Loan Party, any
Subsidiary of any Loan Party or any Subsidiary of the Borrower that has entered into Guaranty Obligations or any other Person that has entered into any such Guaranty Obligation and
(ii) effectively grant to the Administrative Agent, for the benefit of the Secured Parties, a valid, perfected and enforceable first-priority security interest (subject to any Liens to the
extent permitted by Section 8.2 (Liens, Etc.)) in all property interests and other assets of any Loan Party, any Subsidiary of any Loan Party or
any Subsidiary of the Borrower that has entered into Guaranty Obligations or any other Person that has entered into any such Guaranty Obligations; provided,
however, that in no event shall (x) any Loan Party or any of its Subsidiaries, individually or collectively, be required to pledge in excess of 66% of the outstanding
Voting Stock of any Excluded Foreign Subsidiary or (y) any assets of any Excluded Foreign Subsidiary be required to be pledged, unless the Borrower and the Administrative Agent otherwise agree; 

        (c)   deliver
to the Administrative Agent all certificates, instruments and other documents representing all Pledged Stock, Pledged Debt Instruments and all other Stock, Stock
Equivalents and other debt Securities being pledged pursuant to the joinders, amendments and foreign agreements executed pursuant to clause (b)
above, together with (i) in the case of certificated Pledged Stock and other certificated Stock and Stock Equivalents, undated stock powers endorsed in blank and (ii) in the case of
Pledged Debt Instruments and other certificated debt Securities, endorsed in blank, in each case executed and delivered by a Responsible Officer of such Loan Party or such Subsidiary thereof, as the
case may be; 

        (d)   to
take such other actions necessary or advisable to ensure the validity or continuing validity of the guaranties required to be given pursuant to  clause (a) above or to create, maintain or perfect
the security interest required to be granted pursuant to  clause (b) above, including the
 

70

 

filing
of UCC financing statements in such jurisdictions as may be required by the Collateral Documents or by law or as may be reasonably requested by the Administrative Agent; and 

        (e)   if
requested by the Administrative Agent, deliver to the Administrative Agent legal opinions relating to the matters described above, which opinions shall be in form and
substance, and from counsel, reasonably satisfactory to the Administrative Agent. 

 
 

          Section 7.12    Landlord Access Agreement     

        (a)   To
the extent not delivered to the Administrative Agent on or prior to the Closing Date, use commercially reasonable efforts to obtain a Landlord Access Agreement from
the owner or lessor of the leased Real Property located at 2450 Satellite Boulevard, Duluth, GA, 30096-5801, and deliver such Landlord Access Agreement to the Administrative Agent. 

 
 

          Section 7.13    Real Property     

        (a)   The
Borrower shall, and shall cause each of its Subsidiaries to, (i) comply in all material respects with all of their respective obligations under all of their
respective Leases now or hereafter held respectively by them except to the extent any failure would not reasonably be expected to result in a Material Adverse Effect (including the Leases set forth on  Schedule 4.19 (Real
Property)), (ii) not assign or sublet any other Real Property Lease if
such assignment or sublet could reasonably be expected to result in a Material Adverse Effect, (iii) provide the Administrative Agent with a copy of each notice of default under any Real
Property Lease received by the Borrower or any Subsidiary of the Borrower immediately upon receipt thereof and deliver to the Administrative Agent a copy of each notice of default sent by the Borrower
or any Subsidiary of the Borrower under any Real Property Lease simultaneously with its delivery of such notice under such Real Property Lease and (iv) notify the Administrative Agent at least
14 days prior to the date the Borrower or any Subsidiary takes possession of, or becomes liable under, any new leased premises or Lease, whichever is earlier, to the extent such possession or
liability would result in the Borrower being required to use commercially reasonable efforts to obtain a Landlord Access Agreement with respect to such leased Real Property and/or Real Property Lease
pursuant to Section 7.12 (Landlord Access Agreements).

        (b)   At
least 15 Business Days prior to (i) entering into any Real Property Lease (other than a renewal of an existing Lease) for the principal place of business and
chief executive office of the Borrower or any other Guarantor or any other Real Property Lease (including any renewal) in which the Dollar Equivalent of the annual rental payments are anticipated to
equal or exceed $1,000,000 or (ii) acquiring any material owned Real Property, the Borrower shall, and shall cause such Guarantor to, provide the Administrative Agent written notice thereof. 

        (c)   To
the extent not previously delivered to the Administrative Agent, upon written request of the Administrative Agent, the Borrower shall, and shall cause each Guarantor
to, execute and deliver (or, with respect to Leased Real Property, use commercially reasonable efforts to execute and deliver) to the Administrative Agent, for the benefit of the Secured Parties,
promptly and in any event not later than 45 days (or such later period as the Administrative Agent may approve in its sole discretion) after receipt of such notice (or, if such notice is given
by the Administrative Agent prior to the acquisition of such Real Property or Real Property Lease, immediately upon such acquisition), a Mortgage on any Real Property or Real Property Lease of the
Borrower or such Guarantor, together with (i) if requested by the Administrative Agent and such Real Property is located in the United States or is a Real Property Lease of Real Property
located in the United States, all Mortgage Supporting Documents relating thereto or (ii) otherwise, documents similar to Mortgage Supporting Documents deemed by the Administrative Agent to be
appropriate in the applicable jurisdiction to obtain the equivalent in such jurisdiction of a first-priority mortgage on such Real Property or Lease. 

71

 

 
 

          Section 7.14    Further Assurances.     

        At
the Borrower's cost and expense, upon the reasonable request of the Administrative Agent, duly execute and deliver or cause to be duly executed and delivered, to the Administrative
Agent such further instruments, documents, certificates, financing and continuation statements, and do and cause to be done such further acts that may be reasonably necessary or reasonably advisable
in the reasonable opinion of the Administrative Agent to carry out more effectively the provisions and purposes of this Agreement, the Guaranty, the Collateral Documents and the other Loan Documents. 

 
 

           Section 7.15    Post-Closing Obligations.     

        (a)   The
Borrower shall not permit the greater of the fair market value and the book value of all Property and other assets held by DPI Auto, LLC to exceed $1,000,000 at any
time on or after the Closing Date until the conditions with respect to DPI Auto, LLC in clause (b) below are satisfied. 

        (b)   On
or prior to October 30th, 2006, the Borrower shall cause DPI Auto, LLC to (i) become a Guarantor, (ii) execute and deliver to the Administrative
Agent a counterpart to the Pledge and Security Agreement (or supplement thereto) and such other Collateral Documents requested by the Administrative Agent, in each case, in form and substance
reasonably satisfactory to the Administrative Agent, (iii) deliver to the Administrative Agent a legal opinion with respect to DPI Auto, LLC substantially similar in form and substance to the
legal opinion delivered to the Administrative Agent on the date hereof pursuant to Section 3.1 (a)(iv) (Conditions Precedent to the Initial Loans and Letters of
Credit) and (iv) to the extent requested by the Administrative Agent, execute or deliver any further documents or instruments, financing statements, in each case, in
form and substance reasonably satisfactory to the Administrative Agent. 

        (c)   No
New Subsidiary will engage in any business activities or have any Property or assets or incur any liabilities until such New Subsidiary (i) becomes a
Guarantor, (ii) executes and delivers to the Administrative Agent a counterpart to the Pledge and Security Agreement (or supplement thereto) and such other Collateral Documents requested by the
Administrative Agent, in each case, in form and substance reasonably satisfactory to the Administrative Agent, (iii) delivers to the Administrative Agent a legal opinion with respect to DPI
Auto, LLC substantially similar in form and substance to the legal opinion delivered to the Administrative Agent on the date hereof pursuant to Section 3.1
(a)(iv) (Conditions Precedent to the Initial Loans and Letters of Credit) and (iv) to the extent requested by the Administrative Agent, executes or delivers any
further documents or instruments, financing statements, in each case, in form and substance reasonably satisfactory to the Administrative Agent. 

 
 

ARTICLE VIII    
    
    NEGATIVE COVENANTS    
    

        The Borrower agrees with the Lenders, the Issuers and the Administrative Agent to each of the following, as long as any Obligation or any Commitment remains
outstanding and, in each case, unless the Requisite Lenders otherwise consent in writing: 

 
 

           Section 8.1    Indebtedness     

        The
Borrower shall not, nor shall it permit any of its Subsidiaries to, directly or indirectly create, incur, assume or otherwise become or remain directly or indirectly liable with
respect to any Indebtedness except for the following: 

        (a)   the
Secured Obligations (including Secured Obligations pursuant to a Facility Increase but other than in respect of Hedging Contracts not permitted to be incurred
pursuant to clause (h) below) and Guaranty Obligations in respect thereto; 

        (b)   Indebtedness
existing on the date of this Agreement and disclosed on Schedule 8.1 (Existing Indebtedness);

72

 

        (c)   Guaranty
Obligations incurred by the Borrower or any Guarantor in respect of Indebtedness of the Borrower or any Guarantor that is otherwise permitted by this  Section 8.1 (other than clauses (a) and (b) above
and clauses (f), (l) and (k) below); 

        (d)   Capital
Lease Obligations and purchase money Indebtedness incurred by the Borrower or a Subsidiary of the Borrower to finance the purchase, construction, repair or
improvement of fixed assets and equipment; provided, however, that (i) the Capital Expenditure related thereto is otherwise permitted by  Section 5.6 (Capital
Expenditures) and (ii) the Dollar Equivalent of the sum of the aggregate
outstanding principal amount of all such Capital Lease Obligations and purchase money Indebtedness and secured Indebtedness permitted by clauses (b),
(k) and (l) of this Section 8.1 shall not exceed the greater of
(x) $15,000,000 and (y) 10% of the Borrower's Consolidated Net Tangible Assets at any time; 

        (e)   a
sale and leaseback transaction permitted pursuant to Section 8.15(b) (Operating Leases; Sale/Leasebacks), to the
extent such transaction would constitute Indebtedness; 

        (f)    Indebtedness
arising from intercompany loans (i) from the Borrower to any Guarantor, (ii) from any Guarantor to the Borrower or any other Guarantor or
(iii) from the Borrower or any Guarantor to any Subsidiary of the Borrower that is not a Guarantor; provided, however, that in the case of this  clause (iii),
 the Investment in such intercompany loan to such Subsidiary is permitted under Section 8.3
(Investments);

        (g)   Indebtedness
arising under any performance or surety bond entered into in the ordinary course of business; 

        (h)   Obligations
under Hedging Contracts permitted under Section 8.16 (No Speculative Transactions);

        (i)    unsecured
Indebtedness of the Borrower that (i) is not subject to any Guaranty by any Subsidiary, (ii) will not mature prior to the date that is six months
after the Term Loan Maturity Date and (iii) has no scheduled amortization or payments of principal prior to the date that is six months after the Term Loan Maturity Date;  provided, that any such
Indebtedness shall be permitted only if after giving pro forma effect to the
issuance or incurrence thereof, the Borrower's Leverage Ratio shall be less than 3.00:1; 

        (j)    Renewals,
extensions, refinancings, refundings and replacements of Indebtedness permitted by clauses (b), (d), (e), (f)(i), (k), (l) and
this clause (j) of this Section 8.1; provided, however, that any such renewal, extension, refinancing, refunding or replacement is in an aggregate principal
amount not greater than the principal amount of, and is on terms no less favorable to the Borrower or any Subsidiary of the Borrower obligated thereunder, including as to weighted average maturity and
final maturity, than the Indebtedness being renewed, extended, refinanced, refunded or replaced; 

        (k)   Indebtedness
assumed pursuant to a Permitted Investment; provided, that (i) such Indebtedness was not created in
contemplation of such Permitted Investment and (ii) the aggregate outstanding principal amount of all such Indebtedness shall not exceed 10% of the aggregate amount of consideration (including
all Indebtedness, liabilities and Guaranty Obligations, reasonably estimated in good faith deferred obligations and earn-out or other contingent obligations or liabilities incurred or
assumed in connection therewith or otherwise reflected in a Consolidated balance sheet of the Borrower and Proposed Acquisition Target) for such Permitted Investment; and 

        (l)    other
Indebtedness in an aggregate principal amount not to exceed $1,000,000 at any time outstanding. 

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          Section 8.2    Liens, Etc.     

        The
Borrower shall not, nor shall it permit any of its Subsidiaries to, create or suffer to exist, any Lien upon or with respect to any of its properties or assets, whether now owned or
hereafter acquired, or assign, or permit any of its Subsidiaries to assign, any right to receive income, except for the following: 

        (a)   Liens
created pursuant to the Loan Documents; 

        (b)   Liens
existing on the date of this Agreement and disclosed on Schedule 8.2 (Existing Liens); 

        (c)   Customary
Permitted Liens on the assets of the Borrower and the Borrower's Subsidiaries; 

        (d)   Liens
assumed pursuant to a Permitted Investment; provided, that such Liens are existing on property at the time of its
acquisition or existing on the property of any Person at the time such Person becomes a Subsidiary or is merged with a Subsidiary (other than Liens on the Stock or rights for purchase, acquisition or
exchange of the Stock of any Person that becomes a Subsidiary or is merged with a Subsidiary); provided, that (i) such Lien was not created in
contemplation of such Permitted Investment or such Person becoming a Subsidiary or being merged with a Subsidiary, (ii) such Lien does not extend to or cover any other assets or property (other
than the proceeds or products thereof and after-acquired property subjected to a Lien pursuant to terms existing at the time of such acquisition) and (iii) the Indebtedness secured thereby (or,
as applicable, any modifications, renewals, extensions, refinancings, refundings or replacements thereof) is permitted by Section 8.1(k) or  (l) (Indebtedness);

        (e)   purchase
money Liens granted by the Borrower or any of its Subsidiaries (including the interest of a lessor under a Capital Lease and purchase money Liens to which any
property is subject at the time, on or after the Closing Date, of the Borrower's or such Subsidiary's acquisition, construction, repair or improvement thereof) securing Indebtedness permitted under  Section 8.1
(d) (Indebtedness) and limited in each case to the property purchased, constructed, repaired or improved with the proceeds of
such purchase money Indebtedness or subject to such Capital Lease; 

        (f)    Liens
in favor of lessors securing operating leases or, to the extent such transactions create a Lien hereunder, sale and leaseback transactions, in each case to the
extent such operating leases or sale and leaseback transactions are permitted hereunder; 

        (g)   any
Lien securing the renewal, extension, refinancing, refunding or replacement of any indebtedness secured by any Lien permitted by clauses (b),
(d), (e), (f), (h) or this clause (g) of this Section 8.2 without
any change in the assets subject to such Lien and to the extent such renewal, extension, refinancing, refunding or replacement is permitted by Section 8.1
(j) (Indebtedness); and 

        (h)   other
Liens in respect of Indebtedness in an aggregate principal amount not to exceed $1,000,000 at any time outstanding, including, without limitation, Liens on cash
and Cash Equivalents securing Hedging Contracts permitted by Section 8.16 (No Speculative Transactions).

 
 

           Section 8.3    Investments     

        The
Borrower shall not, nor shall it permit any of its Subsidiaries to make or maintain, directly or indirectly, any Investment except for the following: 

        (a)   Investments
existing on the date of this Agreement and disclosed on Schedule 8.3 (Existing Investments);

        (b)   Investments
by any Excluded Foreign Subsidiary in Cash or Cash Equivalents; 

74

 

        (c)   Investments
in payment intangibles, chattel paper (each as defined in the UCC) and Accounts, notes receivable and similar items arising or acquired in the ordinary
course of business consistent with the past practice of the Borrower and its Subsidiaries; 

        (d)   Investments
received in settlement of amounts due to the Borrower or any Subsidiary of the Borrower effected in the ordinary course of business; 

        (e)   Investments
by (i) the Borrower in any Guarantor or any Guarantor in the Borrower or any other Guarantor or (ii) any Subsidiary of the Borrower that is not
a Guarantor in the Borrower or any other Subsidiary of the Borrower; 

        (f)    Investments
by the Borrower or any Guarantor in connection with a Permitted Investment; 

        (g)   Guaranty
Obligations permitted by Section 8.1 (Indebtedness);

        (h)   so
long as no Default or Event of Default shall have occurred and be continuing or would result therefrom, Permitted Investments in a joint venture or a Subsidiary that
is not a Domestic Subsidiary and satisfying clause (vi) of the definition of "Permitted Investments"; provided,
however, that (i) the Dollar Equivalent of the aggregate amount payable for any such Investments and the aggregate amount paid for all Investments permitted pursuant to
this clause (i) and consummated on or prior to the date of such Investment (including all transaction costs and all Indebtedness, liabilities,
Guaranty Obligations, reasonably estimated in good faith deferred obligations and earn-out or other contingent obligations) shall not exceed $10,000,000 at any time; and (ii) to the
extent permitted by the terms of any such Investment, the equity interests of such joint ventures or 65% of the capital stock of any new foreign Subsidiary of the Borrower formed or acquired in
connection with any such Investments (other than an Excluded Foreign Subsidiary), as applicable, shall be pledged to secure the Obligations; and 

        (i)    so
long as no Default or Event of Default shall have occurred and be continuing or would result therefrom, Investments by the Borrower or any Guarantor not otherwise
permitted hereby; provided, however, that (i) before and after giving effect to any such Investment, the Borrower's Leverage Ratio shall be equal
to or less than 2.00 to 1.00 and (ii) the Dollar Equivalent of the aggregate amount payable for any such Investment and the aggregate amount paid for all Investments permitted pursuant to this  clause (i)
 and consummated on or prior to the date of such Investment (including all transaction costs and all Indebtedness, liabilities,
Guaranty Obligations deferred obligations and earn-out or other contingent obligations) shall not at any time exceed the aggregate amount available but not applied for Restricted Payments
under clause (ii) of Section 8.5(d)(ii) (Restricted Payments).

 
 

          Section 8.4    Sale of Assets     

        The
Borrower shall not, nor shall it permit any of its Subsidiaries to, sell, convey, transfer, lease or otherwise dispose of, any of their respective assets or any interest therein
(including the sale or factoring at maturity or collection of any accounts) to any Person, or permit or suffer any other Person to acquire any interest in any of their respective assets or, in the
case of any Subsidiary of the
Borrower, issue (other than under an Employee Stock Plan) or sell any shares of their Stock or any Stock Equivalents (any such disposition being an "Asset
Sale"), except for the following: 

        (a)   the
sale or disposition of Cash Equivalents or Inventory (including any lease of equipment), in each case in the ordinary course of business; 

        (b)   the
sale or disposition of Equipment that has become obsolete or is replaced in the ordinary course, of business; 

75

 

        (c)   (i) a
true lease or sublease of Real Property not constituting Indebtedness and not constituting a sale and leaseback transaction and (ii) a sale of assets
pursuant to a sale and leaseback transaction, in each case as permitted under Section 8.15 (Operating Leases; Sale/Leasebacks); provided, that
proceeds of such lease, sublease or sale of assets are applied to the prepayment of the Obligations as set forth in, and to the extent required by, Section 2.9
(Mandatory Prepayments);

        (d)   assignments
and licenses of intellectual property of the Borrower and its Subsidiaries in the ordinary course of business; 

        (e)   any
Asset Sale to the Borrower or any Guarantor or to DPI Auto, LLC to the extent such Asset Sale does not violate Section 7.15(a)
(Post-closing Obligations); and 

        (f)    the
sale or disposition of (i) Permitted Investments acquired after the Closing Date and (ii) other Asset Sales in an aggregate amount not exceeding 15% of
the Borrower's Consolidated Total Assets; provided, in each case, that Net Cash Proceeds of such Asset Sale are applied to the prepayment of the
Obligations as set forth in, and to the extent required by, Section 2.9 (Mandatory Prepayments).

 
 

          Section 8.5    Restricted Payments     

        The
Borrower shall not, and shall not permit any of its Subsidiaries to; directly or indirectly, declare, order, pay, make or set apart any sum for any Restricted Payment
except for the following: 

        (a)   Restricted
Payments by any Subsidiary of the Borrower to the Borrower or any Guarantor; 

        (b)   dividends
and distributions declared and paid on the common Stock of the Borrower and payable only in common Stock of the Borrower; 

        (c)   management
and advisory fees owed to The White Oak Group or its Affiliates pursuant to the agreements listed on Schedule 8.5 (Restricted
Payments) as in effect on the Closing Date (and provided to the Administrative Agent prior to such date) and reasonable out-of-pocket expenses actually
incurred by The White Oak Group or its Affiliates for disbursements made in the ordinary course on behalf of any Loan Party, in each case, as long as no Default or Event of Default is continuing or
would result therefrom (other than with respect to such expenses incurred or payable for services rendered prior to an Event of Default); 

        (d)   so
long as no Default or Event of Default shall have occurred and be continuing or would result therefrom, in addition to the foregoing Restricted Payments, the Borrower
and the Subsidiaries may make additional Restricted Payments in an aggregate amount not to exceed (i) $5,000,000; provided, that $10,000,000 in
Term Loan repayments (whether mandatory, optional or scheduled) have occurred prior to the date of such Restricted Payment and (ii) an amount equal to 50% of Term Loan prepayments made pursuant
to Sections 2.9(a) and (b) (Mandatory Prepayments) (excluding mandatory prepayments made pursuant to  Section 2.9(a) (Mandatory
Prepayments) on or prior to the date of such Restricted Payment; provided,
however,that such exclusion shall not apply to after-tax gains from sales of assets acquired after the Closing Date and permitted by  Section 8.4(f)); provided, that
(A) before and after giving effect to any such Restricted Payment, the Borrower's Leverage Ratio shall be
equal to or less than 2.00 to 1.00 and (B) the amount permitted to be applied to Restricted Payments at any time by this clause (ii) shall
be reduced by the aggregate amount of all Permitted Investments made pursuant to clause (i) of Section 8.3 (Investments); and 

        (e)   to
the extent required under the Borrower's limited liability company operating agreement, distributions to members of the Borrower in an amount sufficient to pay their
respective actual tax liabilities imposed upon their respective shares of the Borrower's income 

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allocable
to such members under the Borrower's limited liability company operating agreement and pursuant to the Borrower's classification as a pass-through entity for tax purposes. 

 
 

          Section 8.6    Prepayment and Cancellation of Indebtedness     

        (a)   The
Borrower shall not, nor shall it permit any of its Subsidiaries to, cancel any claim or Indebtedness owed to any of them except (i) in the ordinary course of
business consistent with past practice and (ii) in respect of intercompany Indebtedness among the Borrower and the Guarantors. 

        (b)   The
Borrower shall not, nor shall it permit any of its Subsidiaries to, prepay, redeem, purchase, defease or otherwise satisfy prior to the scheduled maturity thereof in
any manner, or make any payment in violation of any subordination terms of, any Indebtedness; provided, however, that the Borrower and each Subsidiary
of the Borrower may (i) prepay the Obligations in accordance with the terms of this Agreement, (ii) make regularly scheduled or otherwise required repayments or redemptions of
Indebtedness, (iii) prepay Indebtedness under the Existing Loan Agreement and the Existing Notes with the proceeds of the initial Borrowings hereunder, (iv) prepay any Indebtedness
payable to the Borrower by any of its Subsidiaries and (v) renew, extend, refinance, refund and replace Indebtedness, as long as such renewal, extension, refinancing, refunding or replacement
is permitted under Section 8.1(j) (Indebtedness).

 
 

           Section 8.7    Restriction on Fundamental Changes; Permitted Investments     

        The
Borrower shall not, nor shall it permit any of its Subsidiaries to, (a) except in connection with an Investment permitted under this Agreement or in a transaction with another
Loan Party (other than the merger of the Borrower into another Loan Party) (i) merge with any Person (other than, in the case of any Subsidiary of the Borrower, in connection with an Asset Sale
permitted by Section 8.4(f) (Asset Sales)), (ii) consolidate with any Person, (iii) convey, transfer lease or otherwise dispose of
(whether in a transaction or series of transactions) all or substantially all of its assets to another Person except as permitted by Section 8.4(f) (Asset
Sales)), (iii) acquire all or substantially all of the Stock or Stock Equivalents of any Person or (iv) acquire
all or substantially all of the assets of any Person or all or substantially all of the assets constituting the business of a division, branch or other unit operation of any Person, (b) enter
into any joint venture or partnership with any Person other than another Loan Party or (c) acquire or create any Subsidiary unless, after giving effect to such creation or acquisition, such
Subsidiary either constitutes an Investment permitted under this Agreement or is a direct or indirect Wholly-Owned Subsidiary of the Borrower, the Borrower is in compliance with  Section 7.11 (Additional Collateral and
Guaranties) and Section 7.12 (Landlord Access
Agreements) and the Investment in such Subsidiary is permitted under Section 8.3(e) (Investments).

 
 

          Section 8.8    Change in Nature of Business     

        The
Borrower shall not, and shall not permit any of its Subsidiaries to, enter in to any business activities other than those of the type being conducted on the Closing Date, and
reasonable extensions (hereof whether in connection with a Permitted Investment or otherwise. 

 
 

          Section 8.9    Transactions with Affiliates     

        Except
to the extent described in Schedule 8.9 (Affiliate Transactions), the Borrower shall not, nor shall it permit any of its
Subsidiaries to, except as otherwise expressly permitted herein, do any of the following: (a) make any Investment in an Affiliate of the Borrower that is not a Subsidiary of the Borrower,
(b) transfer, sell, lease, assign or otherwise dispose of any asset to any Affiliate of the Borrower that is not a Subsidiary of the Borrower, (c) merge into or consolidate with or
purchase or acquire assets from any Affiliate of the Borrower that is not a Subsidiary of the Borrower, (d) repay any Indebtedness to any Affiliate of the Borrower that is not a Subsidiary of
the Borrower or (e) enter into any other transaction directly or indirectly with or for the benefit of any Affiliate of the Borrower that is not a Guarantor (including guaranties and
assumptions of obligations of any such Affiliate), 

77

 

except
for (i) transactions in the ordinary course of business on a basis no less favorable to the Borrower or, as the case may be, such Subsidiary thereof as would be obtained in a comparable
arm's length transaction with a Person not an Affiliate thereof, (ii) salaries and other director or employee compensation to officers or directors of the Borrower or any of its Subsidiaries
commensurate with current compensation levels and (iii) Restricted Payments permitted under Section 8.5 (Restricted Payments).

 
 

           Section 8.10    Limitations on Restrictions on Subsidiary Distributions; No New Negative  Pledge
    

        Except
pursuant to the Loan Documents and any agreements governing purchase money Indebtedness or Capital Lease Obligations permitted by Section 8.1(b),
(d), (k) or (l) (Indebtedness) (in the case of agreements permitted by such clauses, any prohibition or limitation shall only be
effective against the assets financed thereby), the Borrower shall not, and shall not permit any of its Subsidiaries to, (a) agree to enter into or suffer to exist or become effective any
consensual encumbrance or restriction of any kind on the ability of such Subsidiary to pay dividends or make any other distribution or transfer of funds or assets or make loans or advances to or other
Investments in, or pay any Indebtedness owed to, the Borrower or any other Subsidiary of the Borrower or (b) enter into or suffer to exist or become effective any agreement prohibiting or
limiting the ability of the Borrower or any Subsidiary of the Borrower to create, incur, assume or suffer to exist any Lien upon any of its property, assets or revenues, whether now owned or hereafter
acquired, to secure the Obligations, including any agreement requiring any other Indebtedness or Contractual Obligation to be equally and ratably secured with the Obligations. 

 
 

          Section 8.11    Modification of Constituent Documents     

        The
Borrower shall not, nor shall it permit any of its Subsidiaries to, change its capital structure (including in the terms of its outstanding Stock) or otherwise amend its Constituent
Documents, except for changes and amendments that do not materially affect the rights and privileges of the Borrower or any Subsidiary of the Borrower and do not materially affect the interests of the
Secured Parties under the Loan Documents or in the Collateral. 

 
 

          Section 8.12    Modification of Debt Agreements     

        The
Borrower shall, nor shall it permit any of its Subsidiaries to, change or amend the terms of any Subordinated Debt (or any indenture or agreement or other material document entered
into in connection therewith) if the effect of such amendment is to (a) increase the interest rate on such Subordinated Debt, (b) change the dates upon which payments of principal or
interest are due on such Subordinated Debt other than to extend such dates, (c) change any default or event of default other than to delete or make less restrictive any default provision
therein, or add any covenant with respect to such Subordinated Debt, (d) change the subordination provisions of such Subordinated Debt, (e) change the redemption or prepayment provisions
of such Subordinated Debt other than to extend the dates therefor or to reduce the premiums payable in connection therewith or (f) change or amend any other term if such change or amendment
would materially increase the obligations of the obligor or confer additional material rights to the holder of such Subordinated Debt in a manner adverse to the Secured Parties. 

 
 

          Section 8.13    Accounting Changes; Fiscal Year     

        The
Borrower shall not, nor shall it permit any of its Subsidiaries to, change its (a) accounting treatment and reporting practices or tax reporting treatment, except as required
by GAAP or any Requirement of Law and disclosed to the Lenders and the Administrative Agent or (b) fiscal year. 

 
 

          Section 8.14    Margin Regulations     

        The
Borrower shall not, nor shall it permit any of its Subsidiaries to, use all or any portion of the proceeds of any credit extended hereunder to purchase or carry margin stock (within
the meaning of 

78

 

Regulation U
of the Federal Reserve Board) in contravention of Regulation U of the Federal Reserve Board. 

 
 

           Section 8.15    Operating Leases; Sale/Leasebacks     

        (a)   The
Borrower shall not, nor shall it permit any of its Subsidiaries to, become or remain liable as lessee or guarantor or other surety with respect to any operating
lease, unless the Dollar Equivalent of the aggregate amount of all rents paid or accrued under all such operating leases shall not exceed $5,000,000 in any Fiscal Year. 

        (b)   The
Borrower shall not, nor shall it permit any of its Subsidiaries to, enter into any sale and leaseback transaction if, after giving effect to such sale and leaseback
transaction, the Dollar Equivalent of the aggregate Fair Market Value of all properties covered by sale and leaseback transactions would exceed $5,000,000. 

 
 

          Section 8.16    No Speculative Transactions     

        The
Borrower shall not, nor shall it permit any of its Subsidiaries to, engage in any speculative transaction or in any transaction involving Hedging Contracts except for the sole
purpose of hedging reasonably estimated interest rate, foreign currency or commodity exposure and not for speculative purposes. 

 
 

          Section 8.17    Compliance with ERISA     

        The
Borrower shall not, nor shall they permit any Subsidiary of the Borrower or any ERISA Affiliate to, cause or permit to occur, (a) an event that could result in the imposition
of a Lien under Section 412 of the Code or Section 302 or 4068 of ERISA or (b) ERISA Events that could reasonably be expected to result in a Material Adverse Effect in the
aggregate. 

 
 

          Section 8.18    Environmental     

        The
Borrower shall not, nor shall it permit any of its Subsidiaries to, allow a Release of any Contaminant in violation of any Environmental Law; provided,
however, that the Borrower shall not be deemed in violation of this Section 8.18 if all Environmental Liabilities and
Costs incurred or reasonably expected to be incurred by the Loan Parties as the consequence of all such Releases shall not exceed $5,000,000 in the aggregate. 

 
 

ARTICLE IX    
    
    EVENTS OF DEFAULT    
    

 
 
        Section 9.1    Events of Default     

        Each
of the following events shall be an Event of Default: 

        (a)   the
Borrower shall fail to pay any principal of any Loan or any Reimbursement Obligation when the same becomes due and payable; or 

        (b)   the
Borrower shall fail to pay any interest on any Loan, any fee under any of the Loan Documents or any other Obligation (other than one referred to in  clause (a) above) and such non-payment continues
for a period of three Business Days after the due date therefor; or 

        (c)   any
representation or warranty made or deemed made by any Loan Party in any Loan Document (other than any Landlord Access Agreement) or by any Loan Party (or any of its
officers) in connection with any Loan Document (other than any Landlord Access Agreement) shall prove to have been incorrect in any material respect when made or deemed made; or 

        (d)   any
Loan Party shall fail to perform or observe (i) any term, covenant or agreement contained in Article V (Financial Covenants),
Section 6.1 (Financial Statements), 6.2 (Default  

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 Notices), 7.1 (Preservation of Corporate Existence, Etc.), 7.6. (Access), 7.9 (Application of Proceeds), 7.11 (Additional Collateral and Guaranties), 7.13 (Real Property), Section 7.15
(Post-closing Obligations) or Article VIII (Negative Covenants) or (ii) any other term, covenant or agreement contained in this Agreement or in any
other Loan Document if such failure under this clause (ii) shall remain unremedied for 30 days after the earlier of (A) the date on which a Responsible Officer of the Borrower
becomes aware of such failure and (B) the date on which written notice thereof shall have been given to the Borrower by the Administrative Agent or any Lender; or 

        (e)   (i) the
Borrower or any Subsidiary of the Borrower shall fail to make any payment on any Indebtedness of the Borrower or any such Subsidiary (other than the
Obligations) or any Guaranty Obligation in respect of Indebtedness of any other Person, and, in each case, such failure relates to Indebtedness having a principal amount of $5,000,000 or more, when
the same becomes due and payable (whether by scheduled maturity, required prepayment, acceleration, demand or otherwise), (ii) any other event shall occur or condition shall exist under any
agreement or instrument relating to any such Indebtedness, if the effect of such event or condition is to accelerate, or to permit the acceleration of, the maturity of such Indebtedness or
(iii) any such indebtedness shall become or be declared to be due and payable, or be required to be prepaid or repurchased (other than by a regularly scheduled required prepayment), prior to
the stated maturity thereof; or 

        (f)    (i) the
Borrower or any Subsidiary of the Borrower shall generally not pay its debts as such debts become due, shall admit in writing its inability to pay its
debts generally or shall make a general assignment for the benefit of creditors, (ii) any proceeding shall be instituted by or against the Borrower or any Subsidiary of the Borrower seeking to
adjudicate it a bankrupt or insolvent, or seeking liquidation, winding up, reorganization, arrangement, adjustment, protection, relief or composition of it or its debts, under any Requirement of Law
relating to bankruptcy, insolvency or reorganization or relief of debtors, or seeking the entry of an order for relief or the appointment of a custodian, receiver, trustee or other similar official
for it or for any substantial part of its property; provided, however, that in the case of any such proceedings instituted against the Borrower or any
Subsidiary of the Borrower (but not instituted by the Borrower or any Subsidiary of the Borrower) either such proceedings shall remain undismissed or unstayed for a period of 60 days or more or
any action sought in such proceedings shall occur or (iii) the Borrower or any Subsidiary of the Borrower shall take any corporate action to authorize any action set forth in  clauses (i)and
(ii) above; or 

        (g)   one
or more judgments or orders (or other similar process) involving, in the case of money judgments, an aggregate amount whose Dollar Equivalent exceeds $5,000,000, to
the extent not covered by insurance, shall be rendered against one or more of the Borrower or any of its Subsidiaries and there shall be any period of 30 consecutive days during which a stay of
enforcement of such judgment or order, by reason of a pending appeal or otherwise, shall not be in effect; or 

        (h)   an
ERISA Event shall occur and the Dollar Equivalent of the amount of all liabilities and deficiencies resulting therefrom, whether or not assessed, exceeds $5,000,000
in the aggregate; or 

        (i)    any
provision of any material Loan Document after delivery thereof shall for any reason fail or cease to be valid and binding on, or enforceable against, any Loan Party
party thereto, or any Loan Party shall so state in writing; or 

        (j)    any
Collateral Document (other than a Landlord Access Agreement) shall for any reason fail or cease to create a valid and enforceable Lien on any material portion of
Collateral purported to be covered thereby or, except as permitted by the Loan Documents, such Lien shall fail or cease to be a perfected and first priority Lien, or any Loan Party shall so state in
writing; or 

        (k)   there
shall occur any Change of Control; or 

80

  

        (l)    one
or more of the Borrower and the Subsidiaries of the Borrower shall have entered into one or more consent or settlement decrees or agreements or similar arrangements
with a Governmental Authority or one or more judgments, orders, decrees or similar actions shall have been entered against one or more of the Borrower and the Subsidiaries of the Borrower based on or
arising from the violation of or pursuant to any Environmental Law, or the generation, storage, transportation, treatment, disposal or Release of any Contaminant and, in connection with all the
foregoing, the Borrower or any Subsidiary of the Borrower is likely to incur Environmental Liabilities and Costs that would have a Material Adverse Effect. 

 
 

           Section 9.2    Remedies     

        During
the continuance of any Event of Default, the Administrative Agent (a) may, and, at the request of the Requisite Lenders, shall, by notice to the Borrower declare that all
or any portion of the Commitments be terminated, whereupon the obligation of each Lender to make any Loan and each Issuer to Issue any Letter of Credit shall immediately terminate and (b) may
and, at the request of the Requisite Lenders, shall, by notice to the Borrower, declare the Loans, all interest thereon and all other amounts and Obligations payable under this Agreement to be
forthwith due and payable, whereupon the Loans, all such interest and all such amounts and Obligations shall become and be forthwith due and payable, without presentment, demand, protest or further
notice of any kind, all of which are hereby expressly waived by the Borrower; provided, however, that upon the occurrence of the Events of Default
specified in Section 9.1(f) (Events of Default), (x) the Commitments of each Lender to make Loans and the commitments of each Lender and
Issuer to Issue or participate in Letters of Credit shall each automatically be terminated and (y) the Loans, all such interest and all such amounts and Obligations shall automatically become
and be due and payable, without presentment, demand, protest or any notice of any kind, all of which are hereby expressly waived by the Borrower. In addition to the remedies set forth above, the
Administrative Agent may exercise any remedies provided for by the Collateral Documents in accordance with the terms thereof or any other remedies provided by applicable law. 

 
 

          Section 9.3    Actions in Respect of Letters of Credit     

        At
any time (i) upon the Revolving Credit Termination Date, (ii) after the Revolving Credit Termination Date when the aggregate funds on deposit in Cash Collateral Accounts
shall be less than 105% of the Letter of Credit Obligations, (iii) as may be required by Section 2.9(c) or (d)
(Mandatory Prepayments) or
(iv) upon the occurrence of the Events of Default specified in Section 9.1(f) (Events of Default), the Borrower shall pay to the
Administrative Agent in immediately available funds at the Administrative Agent's office referred to in Section 11.9 (Notices, Etc.), for deposit
in a Cash Collateral Account, (x) in the case of clauses (i) and (ii) above, the amount required
to that, after such payment, the aggregate funds on deposit in the Cash Collateral Accounts equals or exceeds 105% of the sum of all outstanding Letter of Credit Obligations and (y) in the case
of clause (iii) above, the amount required by Section 2.9(c) or  (d) (Mandatory Prepayments). The
Administrative Agent may, from time to time after funds are deposited in any Cash Collateral Account, apply funds then
held in such Cash Collateral Account to the payment of any amounts, in accordance with Section 2.9(c) or (d) (Mandatory
Prepayments) and Section 2.13(g) (Payments and Computations), as shall have become or shall become due and payable by the
Borrower to the Issuers or Lenders in respect of the Letter of Credit Obligations. The Administrative Agent shall promptly give written notice of any such application;  provided, however, that the
failure to give such written notice shall not invalidate any such application. 

 
 

          Section 9.4    Rescission     

        If
at any time after termination of the Commitments or acceleration of the maturity of the Loans, the Borrower shall pay all arrears of interest and all payments on account of principal
of the Loans and Reimbursement Obligations that shall have become due otherwise than by acceleration (with interest on principal and, to the extent permitted by law, on overdue interest, at the rates
specified herein) and 

81

 

all
Events of Default and Defaults (other than non-payment of principal of and accrued interest on the Loans due and payable solely by virtue of acceleration) shall be remedied or waived
pursuant to Section 11.1 (Amendments, Waivers, Etc.), then upon the written consent of the Requisite Lenders and written notice to the Borrower,
the termination of the Commitments, or the acceleration and their consequences may be rescinded and annulled; provided,  however, that such action shall not
affect any subsequent Event of Default or Default or impair any right or remedy consequent thereon. The provisions
of the preceding sentence are intended merely to bind the Lenders and the Issuers to a decision that may be made at the election of the Requisite Lenders, and such provisions are not intended to
benefit the Borrower and do not give the Borrower the right to require the Lenders to rescind or annul any acceleration hereunder, even if the conditions set forth herein are met. 

 
 

ARTICLE X    
    
    THE ADMINISTRATIVE AGENT    
    

 
 
        Section 10.1    Authorization and Action     

        (a)   Each
Lender and each Issuer hereby appoints Citicorp as the Administrative Agent hereunder and each Lender and each Issuer authorizes the Administrative Agent to take
such action as agent on its behalf and to exercise such powers under this Agreement and the other Loan Documents as are delegated to the Administrative Agent under such agreements and to exercise such
powers as are reasonably incidental thereto. Without limiting the foregoing, each Lender and each Issuer hereby authorizes the Administrative Agent to execute and deliver, and to perform its
obligations under, each of the Loan Documents to which it is a party, to exercise all rights, powers and remedies that the Administrative Agent may have under such Loan Documents and to act as agent
for the Lenders, Issuers and the other Secured Parties under such Collateral Documents. 

        (b)   As
to any matters not expressly provided for by this Agreement and the other Loan Documents (including enforcement or collection), the Administrative Agent shall not be
required to exercise any discretion or take any action, but shall be required to act or to refrain from acting (and shall be fully protected in so acting or refraining from acting) upon the
instructions of the Requisite Lenders, and such instructions shall be binding upon all Lenders and each Issuer; provided, however, that the
Administrative Agent shall not be required to take any action that (i) the Administrative Agent in good faith believes exposes it to personal liability unless the Administrative Agent receives
an indemnification satisfactory to it from the Lenders and the Issuers with respect to such action or (ii) is contrary to this Agreement or applicable law. The Administrative Agent agrees to
give to each Lender and each Issuer prompt notice of each notice given to it by any Loan Party pursuant to the terms of this Agreement or the other Loan Documents. 

        (c)   In
performing its functions and duties hereunder and under the other Loan Documents, the Administrative Agent is acting solely on behalf of the Lenders and the Issuers
except to the limited extent provided in Section 2.7(b), and its duties are entirely administrative in nature. The Administrative Agent does not
assume or shall not be deemed to have assumed any obligation other than as expressly set forth herein and in the other Loan Documents or any other relationship as the agent, fiduciary or trustee of or
for any Lender, Issuer or holder of any other Obligation. The Administrative Agent may perform any of its duties under any Loan Document by or through its agents or employees. 

        (d)   Notwithstanding
anything to the contrary contained in this Agreement, each of the Syndication Agent and the Documentation Agents is a Lender designated as
"Syndication Agent" or "Documentation Agent" for title purposes only and in such capacity shall have no
obligations or duties whatsoever under this Agreement or any other Loan Document to any Loan Party, any Lender or any Issuer and shall have no rights separate from its rights as a Lender except as
expressly provided in this Agreement. The Arranger shall have no obligations or duties whatsoever in such capacity under this 

82

 

Agreement
or any other Loan Document and shall incur no liability hereunder or thereunder in such capacity. 

 
 

           Section 10.2    Administrative Agent's Reliance, Etc.     

        None
of the Administrative Agent, any of its Affiliates or any of their respective directors, officers, agents or employees shall be liable for any action taken or omitted to be taken by
it, him, her or them under or in connection with this Agreement or the other Loan Documents, except for its, his, her or their own gross negligence or willful misconduct. Without limiting the
foregoing, the Administrative Agent (a) may treat the payee of any Note as its holder until such Note has been assigned in accordance with Section 11.2(e)
(Assignments and Participations), (b) may rely on the Register to the extent set forth in Section 2.7 (Evidence of
Debt), (c) may consult with legal counsel (including counsel to the Borrower or any other Loan Party), independent public accountants and other experts selected by it
and shall not be liable for any action taken or omitted to be taken in good faith by it in accordance with the advice of such counsel, accountants or experts, (d) makes no warranty or
representation to any Lender or Issuer and shall not be responsible to any Lender or Issuer for any statements, warranties or representations made by or on behalf of the Borrower or any of its
Subsidiaries in or in connection with this Agreement or any other Loan Document, (e) shall not have any duty to ascertain or to inquire either as to the performance or observance of any term,
covenant or condition of this Agreement or any other Loan Document, as to the financial condition of any Loan Party or as to the existence or possible existence of any Default or Event of Default,
(f) shall not be responsible to any Lender or Issuer for the due execution, legality, validity, enforceability, genuineness, sufficiency or value of, or the attachment, perfection or priority
of any Lien created or purported to be created under or in connection with, this Agreement, any other Loan Document or any other instrument or document furnished pursuant hereto or thereto and
(g) shall incur no liability under or in respect of this Agreement or any other Loan Document by acting upon any notice, consent, certificate or other instrument or writing (which writing may
be a telecopy or electronic mail) or any telephone message believed by it to be genuine and signed or sent by the proper party or parties. 

 
 

           Section 10.3    Posting of Approved Electronic Communications     

        (a)   Each
of the Lenders, the Issuers and the Borrower agree, and the Borrower shall cause each Guarantor to agree, that the Administrative Agent may, but shall not be
obligated to, make the Approved Electronic Communications available to the Lenders and Issuers by posting such Approved Electronic Communications on lntraLinksTM or a substantially similar
electronic platform chosen by the Administrative Agent to be its electronic transmission system (the "Approved Electronic Platform"). 

        (b)   Although
the Approved Electronic Platform and its primary web portal are secured with generally-applicable security procedures and policies implemented or modified by
the Administrative Agent from time to time (including, as of the Closing Date, a dual firewall and a User ID/Password Authorization System) and the Approved Electronic Platform is secured through a
single-user-per-deal authorization method whereby each user may access the Approved Electronic Platform only on a deal-by-deal basis, each
of the Lenders, the Issuers and the Borrower acknowledges and agrees, and the Borrower shall cause each Guarantor to acknowledge and agree, that the distribution of material through an electronic
medium is not necessarily secure and that there are confidentiality and other risks associated with such distribution. In consideration for the convenience and other benefits afforded by such
distribution and for the other consideration provided hereunder, the receipt and sufficiency of which is hereby acknowledged, each of the Lenders, the Issuers and the Borrower hereby approves, and the
Borrower shall cause each Guarantor to approve, distribution of the Approved Electronic Communications through the Approved Electronic Platform and understands and assumes, and the Borrower shall
cause each Guarantor to understand and assume, the risks of such distribution. 

        (c)   The
Approved Electronic Platform and the Approved Electronic Communications are provided "as is" and "as available". None of the Administrative Agent or any of  ITS Affiliates or any 

83

 

of
their respective officers, directors, employees, agents, advisors or representatives (the "Agent Affiliates") warrant the accuracy, adequacy or completeness of the Approved Electronic
Communications or the Approved Electronic Platform and each expressly disclaims liability for errors or omissions in the Approved Electronic Platform and the Approved Electronic Communications. No
warranty of any kind, express, implied or statutory, including, without limitation, any warranty of merchantability, fitness for a particular purpose, non-infringement of third party
rights or freedom from viruses or other code defects, is made by the Administrative Agent or Agent Affiliates in connection with the Approved Electronic Platform or the Approved Electronic
Communications. 

        (d)   Each
of the Lenders, the Issuers and the Borrower agree, and the Borrower shall cause each Guarantor to agree, that the Administrative Agent may, but (except as may be
required by applicable law) shall not be obligated to, store the Approved Electronic Communications on the Approved Electronic Platform in accordance with the Administrative Agent's
generally-applicable document retention procedures and policies. 

 
 

           Section 10.4    The Administrative Agent individually     

        With
respect to its Ratable Portion, Citicorp shall have and may exercise the same rights and powers hereunder and is subject to the same obligations and liabilities as and to the extent
set forth herein for any other Lender. The terms "Lenders", "Revolving Credit Lenders",
"Term Loan Lenders", "Requisite Lenders" and any similar terms shall, unless the context clearly
otherwise indicates, include, without limitation, the Administrative Agent in its individual capacity as a Lender, a Revolving Credit Lender, Term Loan Lender or as one of the Requisite Lenders.
Citicorp and its Affiliates may accept deposits from, lend money to, and generally engage in any kind of banking, trust or other business with, any Loan Party as if Citicorp were not acting as the
Administrative Agent. 

 
 

          Section 10.5    Lender Credit Decision     

        Each
Lender and each Issuer acknowledges that it shall, independently and without reliance upon any Agent or any other Lender conduct its own independent investigation of the financial
condition and affairs of the Borrower and each other Loan Party in connection with the making and continuance of the Loans and with the issuance of the Letters of Credit. Each Lender and each Issuer
also acknowledges that it shall, independently and without reliance upon the Agents or any other Lender and based on such documents and information as it shall deem appropriate at the time, continue
to make its own credit decisions in taking or not taking action under this Agreement and other Loan Documents. 

 
 

           Section 10.6    Indemnification     

        Each
Lender agrees to indemnify the Administrative Agent, its Affiliates and each of their respective directors, officers, employees, agents and advisors (to the extent not reimbursed by
the Borrower), from and against such Lender's aggregate Ratable Portion of any and all liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses and
disbursements (including fees, expenses and disbursements of financial and legal advisors) of any kind or nature whatsoever that may be imposed on, incurred by, or asserted against, the Administrative
Agent or any of its Affiliates, directors, officers, employees, agents and advisors in any way relating to or arising out of this Agreement or the other Loan Documents or any action taken or omitted
by the Administrative Agent under this Agreement or the other Loan Documents; provided, however, that no Lender shall be liable for any portion of such
liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements resulting from the Administrative Agent's or such Affiliate's gross negligence or
willful misconduct. Without limiting the foregoing, each Lender agrees to reimburse the Administrative Agent promptly upon demand for its ratable share of any out-of-pocket
expenses (including fees, expenses and disbursements of financial and legal advisors) incurred by the Administrative Agent in connection with the preparation, execution, delivery, administration, 

84

 

modification,
amendment or enforcement (whether through negotiations, legal proceedings or otherwise) of, or legal advice in respect of its rights or responsibilities under, this Agreement or the
other Loan Documents, to the extent that the Administrative Agent is not reimbursed for such expenses by the Borrower or another Loan Party. 

 
 

           Section 10.7    Successor Administrative Agent     

        The
Administrative Agent may resign at any time by giving written notice thereof to the Lenders and the Borrower. Upon any such resignation, the Requisite Lenders shall have the right to
appoint a successor Administrative Agent. If no successor Agent shall have been so appointed by the Requisite Lenders, and shall have accepted such appointment, within 30 days after the
retiring Agent's giving of notice of resignation, then the retiring Agent may, on behalf of the Lenders, appoint a successor Agent, selected from among the Lenders. In either case, such appointment
shall be subject to the prior written approval of the Borrower (which approval may not be unreasonably withheld and shall not be required upon the occurrence and during the continuance of an Event of
Default). Upon the acceptance of any appointment as Administrative Agent by a successor Administrative Agent, such successor Administrative Agent shall succeed to, and become vested with, all the
rights, powers, privileges and duties of the applicable retiring Agent, and such retiring Agent shall be discharged from its duties and obligations under this Agreement and the other Loan Documents.
Prior to any retiring Agent's resignation hereunder as Administrative Agent, such retiring Administrative Agent shall take such action as may be reasonably necessary to assign to the successor
Administrative Agent its rights as Administrative Agent under the Loan Documents. After such resignation, any retiring Administrative Agent shall continue to have the benefit of this  Article X as
to any actions taken or omitted to be taken by it while it was Administrative Agent under this Agreement and the other Loan
Documents. 

 
 

           Section 10.8    Concerning the Collateral and the Collateral Documents     

        (a)   Each
Lender and each Issuer agrees that any action taken by the Administrative Agent or the Requisite Lenders (or, where required by the express terms of
this Agreement, a greater proportion of the Lenders) in accordance with the provisions of this Agreement or of the other Loan Documents, and the exercise by the Administrative Agent or the Requisite
Lenders (or, where so required, such greater proportion) of the powers set forth herein or therein, together with such other powers as are reasonably incidental thereto, shall be authorized and
binding upon all of the Lenders, Issuers and other Secured Parties. Without limiting the generality of the foregoing, the Administrative Agent shall have the sole and exclusive right and authority to
(i) act as the disbursing and collecting agent for the Lenders and the Issuers with respect to all payments and collections arising in connection herewith and with the Collateral Documents,
(ii) execute and deliver each Collateral Document and accept delivery of each such agreement delivered by the Borrower or any of its Subsidiaries, (iii) act as collateral agent for the
Lenders, the Issuers and the other Secured Parties for purposes of the perfection of all security interests and Liens created by such agreements and all other purposes stated therein,  provided, however,
that the Administrative Agent hereby appoints, authorizes and directs each Lender and Issuer to act as collateral
sub-agent for the Administrative Agent, the Lenders and the Issuers for purposes of the perfection of all security interests and Liens with respect to the Collateral, (iv) manage,
supervise and otherwise deal with the Collateral, (v) take such action as is necessary or desirable to maintain the perfection and priority of the security interests and Liens created or
purported to be created by the Collateral Documents, (vi) except as may be otherwise specifically restricted by the terms hereof or of any other Loan Document, exercise all remedies given to
the Administrative Agent, the Lenders, the Issuers and the other Secured Parties with respect to the Collateral under the Loan Documents relating thereto, applicable law or otherwise and
(vii) authorize or direct the Administrative Agent to do any of the foregoing. 

        (b)   Each
of the Lenders and the Issuers hereby consents to the release and hereby directs, in accordance with the terms hereof, the Administrative Agent to release (or, in
the case of clause (ii)

85

 

below,
release or subordinate) any Lien held by the Administrative Agent for the benefit of the Lenders and the issuers against any of the following: 

          (i)  all
of the Collateral and all Loan Parties, upon termination of the Commitments and payment and satisfaction in full of all Loans, all Reimbursement Obligations and all
other Obligations that the Administrative Agent has been notified in writing are then due and payable (and, in respect of contingent Letter of Credit Obligations, with respect to which cash collateral
has been deposited or a back-up letter of credit has been issued, in either case in the appropriate currency and on terms satisfactory to the Administrative Agent and the applicable
Issuers); 

         (ii)  any
assets that are subject to a Lien permitted by Section 8.2(e) or (l) (Liens,
Etc.); and 

        (iii)  any
part of the Collateral sold or disposed of by a Loan Party if such sale or disposition is permitted by this Agreement (or permitted pursuant to a waiver of or
consent to a transaction otherwise prohibited by this Agreement). 

Each
of the Lenders and the Issuers hereby directs the Administrative Agent to execute and deliver or file such termination and partial release statements and do such other things as are necessary to
release Liens to be released pursuant to this Section 10.8 promptly upon the effectiveness of any such release. 

 
 

          Section 10.9    Collateral Matters Relating to Related Obligations     

        The
benefit of the Loan Documents and of the provisions of this Agreement relating to the Collateral shall extend to and be available in respect of any Secured Obligation arising under
any Hedging Contract or Cash Management Obligation or that is otherwise owed to Persons other than the Agents, the Lenders and the Issuers (collectively, "Related
Obligations") solely on the condition and understanding, as among the Administrative Agent and all Secured Parties, that (a) the Related Obligations shall be entitled to
the benefit of the Loan Documents and the Collateral to the extent expressly set forth in this Agreement and the other Loan Documents and to such extent the Agents shall hold, and have the right and
power to act with respect to, the Guaranty and the Collateral on behalf of and as agent for the holders of the Related Obligations, but each Agent is otherwise acting solely as agent for the Lenders
and the Issuers and shall have no fiduciary duty, duty of loyalty, duty of care, duty of disclosure or other obligation whatsoever to any holder of Related Obligations, (b) all matters, acts
and omissions relating in any manner to the Guaranty, the Collateral, or the omission, creation, perfection, priority, abandonment or release of any Lien, shall be governed solely by the provisions of
this Agreement and the other Loan Documents and no separate Lien, right, power or remedy shall arise or exist in favor of any Secured Party under any separate instrument or agreement or in respect of
any Related Obligation, (c) each Secured Party shall be bound by all actions taken or omitted, in accordance with the provisions of this Agreement and the other Loan Documents, by the
Administrative Agent and the Requisite Lenders, each of whom shall be entitled to act at its sole discretion and exclusively in its own interest given its own Commitments and its own interest in the
Loans, Letter of Credit Obligations and other Obligations to it arising under this Agreement or the other Loan Documents, without any duty or liability to any other Secured Party or as to any Related
Obligation and without regard to whether any Related Obligation remains outstanding or is deprived of the benefit of the Collateral or becomes unsecured or is otherwise affected or put in jeopardy
thereby, (d) no holder of Related Obligations and no other Secured Party (except the Agents, the Lenders and the Issuers, to the extent set forth in this Agreement) shall have any right to be
notified of, or to direct, require or be heard with respect to, any action taken or omitted in respect of the Collateral or under this Agreement or the Loan Documents and (e) no holder of any
Related Obligation shall exercise any right of setoff, banker's lien or similar right except to the extent provided in Section 11.7 (Right of
Set-off) and then only to the extent such right is exercised in compliance with Section 11.8(Sharing of Payments,
Etc).

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ARTICLE XI    
    
    MISCELLANEOUS    
    

 
 
        Section 11.1    Amendments, Waivers, Etc.     

        (a)   No
amendment or waiver of any provision of this Agreement or any other Loan Document nor consent to any departure by any Loan Party therefrom shall in any event be
effective unless the same shall be in writing and (x) in the case of an amendment to cure any ambiguity, omission, defect or inconsistency, signed by the Administrative Agent and the Borrower,
(y) in the case of any such waiver or consent, signed by the Requisite Lenders (or by the Administrative Agent with the consent of the Requisite Lenders) and (z) in the case of any other
amendment, by the Requisite Lenders (or by the Administrative Agent with the consent of the Requisite Lenders) and the Borrower, and then any such waiver or consent shall be effective only in the
specific instance and for the specific purpose for which given; provided, however, that no amendment, waiver or consent shall, unless in writing and
signed by each Lender directly affected thereby, in addition to the Requisite Lenders (or the Administrative Agent with the consent thereof), do any of the following: 

          (i)  waive
any condition specified in Section 3.1 (Conditions Precedent to Initial Loans and Letters of Credit) or 3.2(b) (Conditions Precedent to Each Loan and
Letter of Credit), except with respect to a condition based upon another provision hereof, the waiver of which requires only the concurrence of the Requisite Lenders and, in the case of the conditions
specified in Section 3.1 (Conditions Precedent to Initial Loans and Letters of Credit), subject to the provisions of Section 3.3 (Determinations of Initial Borrowing Conditions); 

         (ii)  other
than the Facility Increase (which shall require the consent of such Lenders as are providing such Facility Increase), increase the Commitment of such Lender or
subject such Lender to any additional obligation; provided, however, that any such increase with respect to (A) the Term Loan Commitment shall
require the consent of the Requisite Term Loan Lenders or (B) the Revolving Credit Commitment shall require the consent of the Requisite Revolving Credit Lenders; 

        (iii)  extend
the scheduled final maturity of any Loan owing to such Lender, or waive, reduce or postpone any scheduled date fixed for the payment or reduction of principal
or interest of any such Loan or fees owing to such Lender (it being understood that Section 2.9 (Mandatory Prepayments) does not provide for
scheduled dates fixed for payment) or for the reduction of such Lender's Commitment; 

        (iv)  reduce,
or release the Borrower from its obligations to repay, the principal amount of any Loan or Reimbursement Obligation owing to such Lender (other than by the
payment or prepayment thereof); 

         (v)  reduce
the rate of interest (other than any waiver of the imposition of default interest rate) on any Loan or Reimbursement Obligation outstanding and owing to such
Lender or any fee payable hereunder to such Lender; 

        (vi)  expressly
subordinate any of the Secured Obligations or any Liens securing the Secured Obligations; 

       (vii)  postpone
any scheduled date fixed for payment of interest or fees owing to such Lender or waive any such payment (other than any waiver of the imposition of default
interest rate); 

      (viii)  change
the aggregate Ratable Portions of Lenders required for any or all Lenders to take any action hereunder; 

        (ix)  release
all or substantially all of the Collateral except as provided in Section 10.8(b) (Concerning the Collateral and the Collateral
Documents) or release the Borrower from its payment 

87

 

obligation
to such Lender under this Agreement or the Notes owing to such Lender (if any) or release any Guarantor from its obligations under the Guaranty except in connection with the sale or other
disposition of a Guarantor (or all or substantially all of the assets thereof) permitted by this Agreement (or permitted pursuant to a waiver or consent of a transaction otherwise prohibited by this
Agreement); or 

         (x)  amend
Section 10.8(b) (Concerning the Collateral and the Collateral Documents), Section 11.8 (Sharing of Payments,
Etc.), this Section 11.1 or either definition of the terms "Requisite Lenders" or "Ratable Portion"; 

and  provided, further, that (x) any modification of the application of payments to the Term Loans pursuant to  Section 2.9 (Mandatory Prepayments)
 shall require the content of the Requisite Term Loan Lenders and any such modification of the application of
payments to the Revolving Loans pursuant to Section 2.9 (Mandatory Prepayments) or the reduction of the Revolving Credit Commitments pursuant to  Section 2.5(b)
(Reduction and Termination of the Commitments) shall require the consent of the Requisite Revolving Credit Lenders, (y) no
amendment, waiver or consent shall, unless in writing and signed by any Special Purpose Vehicle that has been granted an option pursuant to Section 11.2(e) (Assignments
and Participations), affect the grant or nature of such option or the right or duties of such Special Purpose Vehicle hereunder, (y) no amendment, waiver or consent
shall, unless in writing and signed by the Administrative Agent in addition to the Lenders required above to take such action, affect the rights or duties of the Administrative Agent under this
Agreement or the other Loan Documents and (z) no amendment, waiver or consent shall, unless in writing and signed by the Swing Loan Lender in addition to the Lenders required above to take such
action, affect the rights or duties of the Swing Loan Lender under this Agreement or the other Loan Documents; and provided, further, that the
Administrative Agent may, with the consent of the Borrower, amend, modify or supplement this Agreement to cure any ambiguity, omission, defect or inconsistency, so long as such amendment, modification
or supplement does not adversely affect the rights of any Lender or any Issuer; and provided, further, that the Borrower, the Facility Increase Lenders
and the Administrative Agent may enter into any amendment necessary to implement the terms of a Facility Increase in accordance with the terms of this Agreement without the consent of any other
Lender. 

        (b)   The
Administrative Agent may, but shall have no obligation to, with the written concurrence of any Lender, execute amendments, modifications, waivers or consents on
behalf of such Lender. Any waiver or consent shall be effective only in the specific instance and for the specific purpose for which it was given. No notice to or demand on the Borrower in any case
shall entitle the Borrower to any other or further notice or demand in similar or other circumstances. 

        (c)   If,
in connection with any proposed amendment, modification, waiver or termination requiring the consent of all Revolving Credit Lenders or Term Loan Lenders, the
consent of Requisite Lenders is obtained but the consent of any Revolving Credit Lender or Term Loan Lender whose consent is required is not obtained (any such Lender whose consent is not obtained as
described in this Section 11.1 being referred to as a "Non-Consenting
Lender"), then, as long as the Lender acting as the Administrative Agent is not a Non-Consenting Lender, at the
Borrower's request, one or more Eligible Assignees acceptable to the Administrative Agent shall have the right with the Administrative Agent's consent and in the Administrative Agent's sole discretion
(but shall have no obligation) to purchase from such Non-Consenting Lender, and such Non-Consenting Lender agrees that it shall, upon the Administrative Agent's request, sell
and assign to the Lender acting as the Administrative Agent or such Eligible Assignee, all of the Revolving Credit Commitments and Revolving Credit Outstandings of such Non-Consenting
Lender if such Non-Consenting Lender is a Revolving Credit Lender and all of the Term Loans of such Non-Consenting Lender if such Non-Consenting Lender is a Term
Loan Lender, in each case for an amount equal to the principal balance of all such Revolving Loans or Term Loans, as applicable, held by the Non-Consenting Lender and all accrued and
unpaid interest and fees with respect thereto through the date of sale; provided, however, that such purchase and sale shall be 

88

 

recorded
in the Register maintained by the Administrative Agent and not be effective until (x) the Administrative Agent shall have received from such Eligible Assignee an agreement in form and
substance satisfactory to the Administrative Agent and the Borrower whereby such Eligible Assignee shall agree to be bound by the terms hereof and (y) such Non-Consenting Lender
shall have received payments of all Revolving Loans or Term Loans, as applicable, held by it and all accrued and unpaid interest and fees with respect thereto through the date of the sale. Each Lender
agrees that, if it becomes a Non-Consenting Lender, it shall execute and deliver to the Administrative Agent an Assignment an Acceptance to evidence such sale and purchase and shall
deliver to the Administrative Agent any Note (if the assigning Lender's Loans are evidenced by Notes) subject to such Assignment and Acceptance; provided,
however, that the failure of any Non-Consenting Lender to execute an Assignment and Acceptance shall not render such sale and purchase (and the corresponding
assignment) invalid and such assignment shall be recorded in the Register. 

 
 

           Section 11.2    Assignments and Participations     

        (a)   Each
Lender may sell, transfer, negotiate or assign to one or more Eligible Assignees all or a portion of its rights and obligations hereunder (including all of its
rights and obligations with respect to the Term Loans, the Revolving Loans, the Swing Loans and the Letters of Credit); provided, however, that
(i) any such assignment shall be subject to the prior approval of the Administrative Agent and the Borrower, (ii)(A) if any such assignment shall be of the assigning Lender's Revolving Credit
Outstandings and Revolving Credit Commitments, such assignment shall cover the same percentage of such Lender's Revolving Credit Outstandings and Revolving Credit Commitment and (B) if any such
assignment shall be of the assigning Lender's Term Loans and Term Loan Commitment, such assignment shall cover the same percentage of such Lender's Term Loans and Term Loan Commitment,
(iii) the aggregate amount being assigned pursuant to each such assignment (determined as of the date of the Assignment and Acceptance with respect to such assignment) shall in no event (if
less than the Assignor's entire interest) be less than $1,000,000 or an integral multiple of $1,000,000 in excess thereof, except, in either case, (A) with the consent of the Borrower and the
Administrative Agent or (B) if such assignment is being made to a Lender or an Affiliate or Approved Fund of such Lender, and (iv) if such Eligible Assignee is not, prior to the date of
such assignment, a Lender or an Affiliate or Approved Fund of a Lender, such assignment shall be subject to the prior consent of the Administrative Agent and the Borrower (which consents shall not be
unreasonably withheld or delayed); and provided, further, that notwithstanding any other provision of this  Section 11.2, the consent of the Borrower
shall not be required (x) for any assignment occurring when any Event of Default shall have
occurred and be continuing, (y) for any assignment by any Affiliate of the Administrative Agent made within 30 Business Days after the Closing Date of its Commitments held on the Closing Date
and (z) for any assignment to any Lender, any Affiliate of a Lender or a fund engaged in investing in commercial loans that is advised or managed by any Lender so long as, in each such case,
such assignment does not result in any increased cost to the Borrower under Section 2.14(c) or (d) (Special Provisions
Governing Eurodollar Rate Loans) or Section 2.16 (Taxes). Any such assignment need not be ratable as among the Term Loan
Facility and the Revolving Credit Facility. 

89

  

        (b)   The parties to each such assignment shall execute and deliver to the Administrative Agent, for its acceptance and recording in the Register, an Assignment and
Acceptance, together with any Note (if the assigning Lender's Loans are evidenced by a Note) subject to such assignment. In addition, any Lender or Eligible Assignee assuming a Revolving Credit
Commitment or a Term Loan Commitment in connection with a Facility Increase shall execute an assumption agreement in accordance with Section 2.18 (Facility
Increase). Upon the execution, delivery, acceptance and recording in the Register of any Assignment and Acceptance and, other than in respect of assignments made pursuant to  Section 2.17
(Substitution of Lenders) and Section 11.1(c) (Amendments, Waivers,
Etc.), the receipt by the Administrative Agent from the assignee of an assignment fee in the amount of $3,500 from and after the effective date specified in such Assignment and
Acceptance, (i) the assignee thereunder shall become a party hereto and, to the extent that rights and obligations under the Loan Documents have been assigned to such assignee pursuant to such
Assignment and Acceptance, have the rights and obligations of a Lender, and if such Lender were an Issuer, of such Issuer hereunder and thereunder, and (ii) the Notes (if any) corresponding to
the Loans assigned thereby shall be transferred to such assignee by notation in the Register and (iii) the assignor thereunder shall, to the extent that rights and obligations under this
Agreement have been assigned by it pursuant to such Assignment and Acceptance, relinquish its rights (except for those surviving the payment in full of the Obligations) and be released from its
obligations under the Loan Documents, other than those relating to events or circumstances occurring prior to such assignment (and, in the case of an Assignment and Acceptance covering all or the
remaining portion of an assigning Lender's rights and obligations under the Loan Documents, such Lender shall cease to be a party hereto). 

        (c)   The
Administrative Agent shall maintain at its address referred to in Section 11.9 (Notices, Etc.) a copy of each
Assignment and Acceptance delivered to and accepted by it and shall record in the Register the names and addresses of the Lenders and Issuers and the principal amount of the Loans and Reimbursement
Obligations owing to each Lender from time to time and the Commitments of each Lender. Any assignment pursuant to this Section 11.2 shall not be
effective until such assignment is recorded in the Register. 

        (d)   Upon
its receipt of an Assignment and Acceptance executed by an assigning Lender and an assignee, the Administrative Agent shall, if such Assignment and Acceptance has
been completed, (i) accept such Assignment and Acceptance, (ii) record or cause to be recorded the information contained therein in the Register and (iii) give prompt notice
thereof to the Borrower. Within five Business Days after its receipt of such notice, the Borrower, at its own expense, shall, if requested by such assignee, execute and deliver to the Administrative
Agent new Notes to the order of such assignee in an amount equal to the Commitments and Loans assumed by it pursuant to such Assignment and Acceptance and, if the assigning Lender has surrendered any
Note for exchange in connection with the assignment and has retained Commitments or Loans hereunder, new Notes to the order of the assigning Lender in an amount equal to the Commitments and Loans
retained by it hereunder. Such new Notes shall be dated the same date as the surrendered Notes and be in substantially the form of Exhibit B-1 (Form of
Revolving Credit Note) or Exhibit B-2 (Form of Term Note), as applicable. 

        (e)   In
addition to the other assignment rights provided in this Section 11.2, each Revolving Credit Lender may do each
of the following: 

          (i)  grant
to a Special Purpose Vehicle the option to make all or any part of any Loan that such Lender would otherwise be required to make hereunder and the exercise of
such option by any such Special Purpose Vehicle and the making of Loans pursuant thereto shall satisfy (once and to the extent that such Loans are made) the obligation of such Lender to make such
Loans thereunder; provided, however, that (x) nothing herein shall constitute a commitment or an offer to commit by such a Special Purpose
Vehicle to make Loans hereunder and no such Special Purpose Vehicle shall be liable for any indemnity or other Obligation (other than the making of Loans for which such Special Purpose Vehicle shall
have exercised an option, and then only in accordance 

90

 

with
the relevant option agreement) and (y) such Lender's obligations under the Loan Documents shall remain unchanged, such Lender shall remain responsible to the other parties for the
performance of its obligations under the terms of this Agreement and shall remain the holder of the Obligations for all purposes hereunder; and 

         (ii)  assign,
as collateral or otherwise, any of its rights under this Agreement, whether now owned or hereafter acquired (including rights to payments of principal or
interest on the Loans), to (A) without notice to or consent of the Administrative Agent or the Borrower, any Federal Reserve Bank (pursuant to Regulation A of the Federal Reserve Board)
and (B) without consent of the Administrative Agent or the Borrower, (1) any holder of, or trustee for the benefit of, the holders of such Revolving Credit Lender's Securities and
(2) any Special Purpose Vehicle to which such Revolving Credit Lender has granted an option pursuant to clause (i) above; 

provided, however, that no such assignment or grant shall release such Revolving Credit Lender from any of its obligations hereunder except as expressly
provided in clause (i) above and except, in the case of a subsequent foreclosure pursuant to an assignment as collateral, if such foreclosure is
made in compliance with the other provisions of this Section 11.2 other than this  clause (e) or clause (f)
 below. Each party hereto acknowledges and agrees that, prior to
the date that is one year and one day after the payment in full of all outstanding commercial paper or other senior debt of any such Special Purpose Vehicle, such party shall not institute against, or
join any other Person in instituting against, any Special Purpose Vehicle that has been granted an option pursuant to this clause (e) any
bankruptcy, reorganization, insolvency or liquidation proceeding (such agreement shall survive the payment in full of the Obligations). The terms of the designation of, or assignment to, such Special
Purpose Vehicle shall not restrict such Lender's ability to, or grant such Special Purpose Vehicle the right to, consent to any amendment or waiver to this Agreement or any other Loan Document or to
the departure by the Borrower from any provision of this Agreement or any other Loan Document without the consent of such Special Purpose Vehicle except, as long as the Administrative Agent and the
Lenders, Issuers and other Secured Parties shall continue to, and shall be entitled to continue to, deal solely and directly with such Lender in connection with such Lender's obligations under this
Agreement, to the extent any such consent would reduce the principal amount of, or the rate of interest on, any Obligations, amend
this clause (e) or postpone any scheduled date of payment of such principal or interest. Each Special Purpose Vehicle shall be entitled to the
benefits of Sections 2.15 (Capital Adequacy) and 2.16 (Taxes) and of 2.14(d)
(Illegality) as if it were such Lender; provided, however, that anything herein to the contrary notwithstanding, no Borrower
shall, at any time, be obligated to make under Section 2.15 (Capital Adequacy), 2.16 (Taxes) or 2.14(d)
(Illegality) to any such Special Purpose Vehicle and any such Lender any payment in excess of the amount the Borrower would have been obligated to pay to such Lender in respect
of such interest if such Special Purpose Vehicle had not been assigned the rights of such Lender hereunder; and provided, further, that such Special
Purpose Vehicle shall have no direct right to enforce any of the terms of this Agreement against the Borrower, the Administrative Agent or the other Lenders. 

        (f)    Each
Lender may sell participations to one or more Persons in or to all or a portion of its rights and obligations under the Loan Documents (including all its rights and
obligations with respect to the Term Loans, Revolving Loans and Letters of Credit). The terms of such participation shall not, in any event, require the participant's consent to any amendments,
waivers or other modifications of any provision of any Loan Documents, the consent to any departure by any Loan Party therefrom, or to the exercising or refraining from exercising any powers or rights
such Lender may have under or in respect of the Loan Documents (including the right to enforce the obligations of the Loan Parties), except if any such amendment, waiver or other modification or
consent would (i) reduce the amount, or postpone any date fixed for, any amount (whether of principal, interest or fees) payable to such participant under the Loan Documents, to which such
participant would otherwise be entitled under 

91

 

such
participation or (ii) result in the release of all or substantially all of the Collateral other than in accordance with Section 10.8(b) (Concerning the
Collateral and the Collateral Documents). In the event of the sale of any participation by any Lender, (w) such Lender's obligations under the Loan Documents shall
remain unchanged, (x) such Lender shall remain solely responsible to the other parties for the performance of such obligations, (y) such Lender shall remain the holder of such
Obligations for all purposes of this Agreement and (z) the Borrower, the Administrative Agent and the other Lenders shall continue to deal solely and directly with such Lender in connection
with such Lender's rights and obligations under this Agreement. Each participant shall be entitled to the benefits of Sections 2.15 (Capital Adequacy)
and 2.16 (Taxes) and of 2.14(d) (Illegality) as if it were a Lender, provided,
however, that anything herein to the contrary notwithstanding, the Borrower shall not, at any time, be obligated to make under Section 2.15
(Capital Adequacy), 2.16 (Taxes) or 2.14(d) (Illegality) to the participants in the rights and obligations of any Lender
(together with such Lender) any payment in excess of the amount the Borrower would have been obligated to pay to such Lender in respect of such interest had such participation not been sold and  provided, further,
 that such participant in the rights and obligations of such Lender shall have no direct right to enforce any of the terms of this
Agreement against the Borrower, the Administrative Agent or the other Lenders. 

        (g)   Any
Issuer may at any time assign its rights and obligations hereunder to any other Lender by an instrument in form and substance satisfactory to the Borrower, the
Administrative Agent, such issuer and such Lender, subject to the provisions of Section 2.7(b) (Evidence of Debt) relating to notations of
transfer in the Register. If any Issuer ceases to be a Lender hereunder by virtue of any assignment made pursuant to this Section 11.2, then, as
of the effective date of such cessation, such Issuer's obligations to Issue Letters of Credit pursuant to Section 2.4 (Letters of Credit) shall
terminate and such issuer shall be an Issuer hereunder only with respect to outstanding Letters of Credit issued prior to such date. 

 
 

          Section 11.3    Costs and Expenses     

        (a)   The
Borrower agrees upon demand to pay, or reimburse the Administrative Agent for all if its reasonable out-of-pocket, legal, audit, appraisal,
valuation, filing, document duplication and reproduction and investigation expenses and for all other reasonable out-of-pocket costs and expenses of every type and nature
(including the reasonable fees, expenses and disbursements of the Administrative Agent's counsel, Weil, Gotshal & Manges LLP, local legal counsel,
auditors, accountants, appraisers, printers, insurance and environmental advisors, and other consultants and agents) incurred by the Administrative Agent in connection with any of the following:
(i) the Administrative Agent's audit and investigation of the Borrower and its Subsidiaries in connection with the preparation, negotiation or execution of any Loan Document or the
Administrative Agent's periodic audits of the Borrower or any of its Subsidiaries, as the case may be, (ii) the preparation, negotiation, execution or interpretation of this Agreement
(including, without limitation, the satisfaction or attempted satisfaction of any condition set forth in Article III (Conditions To Loans And Letters Of
Credit)), any Loan Document or any proposal letter or commitment letter issued in connection therewith, or the making of the Loans hereunder, (iii) the syndication and
funding of the Loans, (iv) the creation, perfection or protection of the Liens under any Loan Document (including any reasonable fees, disbursements and expenses for local counsel in various
jurisdictions and search, filing and recording fees), (v) the ongoing administration of this Agreement and the Loans, including consultation with attorneys in connection therewith and with
respect to the Administrative Agent's rights and responsibilities hereunder and under the other Loan Documents, (vi) the protection, collection or enforcement of any Obligation or the
enforcement of any Loan Document, (vii) the commencement, defense or intervention in any court proceeding relating in any way to the Obligations, any Loan Party, any of the Borrower's
Subsidiaries, the Acquisition, this Agreement or any other Loan Document, (viii) the response to, and preparation for, any subpoena or request for document production with which the
Administrative Agent is served or deposition or other proceeding in which the Administrative Agent is called to testify, in each case, relating in any way to the Obligations, any Loan Party, any of
the Borrower's Subsidiaries, the 

92

 

Acquisition,
this Agreement or any other Loan Document or (ix) any amendment, consent, waiver, assignment, restatement, or supplement to any Loan Document or the preparation, negotiation and
execution of the same. 

        (b)   The
Borrower further agrees to pay or reimburse each Agent and each of the Lenders and Issuers upon demand for all out-of-pocket costs and
expenses, including reasonable attorneys' fees (including allocated costs of internal counsel and costs of settlement), incurred by the Administrative Agent, such Lenders or such Issuers in connection
with any of the following: (i) in enforcing any Loan Document or Obligation or any security therefor or exercising or enforcing any other right or remedy available by reason of an Event of
Default, (ii) in connection with any refinancing or restructuring of the credit arrangements provided hereunder in the nature of a
"work-out" or in any insolvency or bankruptcy proceeding, (iii) in commencing, defending or intervening in any litigation or in
filing a petition, complaint, answer, motion or other pleadings in any legal proceeding relating to the Obligations, any Loan Party, any of the Borrower's Subsidiaries and related to or arising out of
the transactions contemplated hereby or by any other Loan Document or (iv) in taking any other action in or with respect to any suit or proceeding (bankruptcy or otherwise) described in  clause (i), (ii)
 or (iii) above. 

        (c)   Each
reference in this Agreement or any other Loan Document to any fees, expenses, or disbursements of any attorneys for or counsel to the Administrative Agent, Issuer
or any Lender shall be deemed to mean fees, expenses or disbursements actually incurred without reference to any statutory presumption or percentage. 

 
 

          Section 11.4    Indemnities     

        (a)   The
Borrower agrees to indemnify and hold harmless the Administrative Agent, the Arranger, each Lender and each Issuer (including each Person obligated on a Hedging
Contract that is a Loan Document if such Person was a Lender or Issuer at the time of it entered into such Hedging Contract) and each of their respective Affiliates, and each of the directors,
officers, employees, agents, trustees, representatives, attorneys, consultants and advisors of or to any of the foregoing (including those retained in connection with the satisfaction or attempted
satisfaction of any condition set forth in Article III (Conditions To Loans And Letters Of Credit) (each such Person being an
"Indemnitee") from and against any and all claims, damages, liabilities, obligations, losses, penalties, actions, judgments, suits, costs, disbursements
and expenses, joint or several, of any kind or nature (including reasonable fees, disbursements and expenses of financial and legal advisors to any such Indemnitee) that may be imposed on, incurred by
or asserted against any such Indemnitee in connection with or arising out of any investigation, litigation or proceeding, whether or not such investigation, litigation or proceeding is brought by any
such Indemnitee or any of its directors, security holders or creditors or any such Indemnitee, director, security holder or creditor is a party thereto, whether direct, indirect, or consequential and
whether based on any federal, state or local law or other statutory regulation, securities or commercial law or regulation, or under common law or in equity, or on contract, tort or otherwise, in any
manner relating to or arising out of this Agreement, any other Loan Document, any Obligation, any Letter of Credit, or any act, event or transaction related or attendant to any thereof, or the use or
intended use of the proceeds of the Loans or Letters of Credit or in connection with any investigation of any potential matter covered hereby (collectively, the "Indemnified
Matters"); provided, however, that the Borrower shall not have any liability under this  Section 11.4 to an Indemnitee with
respect to any Indemnified Matter that to the extent resulting from the gross negligence or willful misconduct
of that Indemnitee, as determined by a court of competent jurisdiction in a final non-appealable judgment or order. Without limiting the foregoing, "Indemnified
Matters" include (i) all Environmental Liabilities and Costs arising from or connected with the past, present or future operations of the Borrower or any of its
Subsidiaries involving any property subject to a Collateral Document, or damage to real or personal property or natural resources or harm or injury alleged to have resulted from any Release of
Contaminants on, upon or into such property or any contiguous real 

93

 

estate,
(ii) any costs or liabilities incurred in connection with any Remedial Action concerning the Borrower or any of its Subsidiaries, (iii) any costs or liabilities incurred in
connection with any Environmental Lien and (iv) any costs or liabilities incurred in connection with any other matter under any Environmental Law, including the Comprehensive Environmental
Response, Compensation and Liability Act of 1980 (49 U.S.C. § 9601 et seq.) and applicable state property transfer laws, whether, with
respect to any such matter, such Indemnitee is a mortgagee pursuant to any leasehold mortgage, a mortgagee in possession, the successor in interest to the Borrower or any of its Subsidiaries, or the
owner, lessee or operator of any property of the Borrower or any of its Subsidiaries by virtue of foreclosure, except, with respect to those matters referred to in clauses
(i), (ii), (iii) and (iv) above,
to the extent (x) incurred following foreclosure by the Administrative Agent, any Lender or any Issuer, or the Administrative Agent, any Lender or any Issuer having become the successor in
interest to the Borrower or any of its Subsidiaries and (y) attributable solely to acts of the Administrative Agent, such Lender or such Issuer or any agent on behalf of the Administrative
Agent, such Lender or such Issuer. 

        (b)   The
Borrower shall indemnify the Administrative Agent, the Lenders and each Issuer for, and hold the Administrative Agent, the Lenders and each issuer harmless from and
against, any and all claims for brokerage commissions, fees and other compensation made against the Administrative Agent, the Lenders and the Issuers for any broker, finder or consultant with respect
to any agreement, arrangement or understanding made by or on behalf of any Loan Party or any of its Subsidiaries in connection with the transactions contemplated by this Agreement. 

        (c)   The
Borrower, at the request of any Indemnitee, shall have the obligation to defend against any investigation, litigation or proceeding or requested Remedial Action, in
each case contemplated in clause (a) above, and the Borrower, in any event, may participate in the defense thereof with legal counsel of the
Borrower's choice. In the event that such Indemnitee requests the Borrower to defend against such investigation, litigation or proceeding or requested Remedial Action, the Borrower shall promptly do
so and such Indemnitee shall have the right to have legal counsel of its choice participate in such defense. No action taken by legal counsel chosen by such Indemnitee in defending against any such
investigation, litigation or proceeding or requested Remedial Action, shall vitiate or in any way impair the Borrower's obligation and duty hereunder to indemnify and hold harmless such Indemnitee. 

        (d)   The
Borrower agrees that any indemnification or other protection provided to any Indemnitee pursuant to this Agreement (including pursuant to this  Section 11.4) or any other Loan Document shall
(i) survive payment in full of the Obligations and (ii) inure to the benefit of any
Person that was at any time an Indemnitee under this Agreement or any other Loan Document. 

 
 

           Section 11.5    Patriot Act     

        Each
Lender hereby notifies the Borrower that pursuant to the requirements of the USA Patriot Act (Title III of Pub. L. 107-56 (signed into law October 26, 2001)) (the
"Act"), it is required to obtain, verify and record information that identifies the Borrower, which information includes the name and address of the
Borrower and other information that will allow such Lender to identify the Borrower in accordance with the Act. 

 
 

           Section 11.6    Limitation of Liability     

        (a)   The
Borrower agrees that no Indemnitee shall have any liability (whether in contract, tort or otherwise) to any Loan Party or any of their respective Subsidiaries or any
of their respective equity holders or creditors for or in connection with the transactions contemplated hereby and in the other Loan Documents, except to the extent such liability is determined in a
final non-appealable judgment by a court of competent jurisdiction to have resulted from such Indemnitee's gross negligence or willful misconduct. In no event, however, shall any
Indemnitee be liable on any theory of liability for any special, indirect, consequential or punitive damages (including, without limitation, any loss of profits, business or anticipated savings). The
Borrower hereby waives, releases and agrees (each for itself and 

94

 

on
behalf of its Subsidiaries) not to sue upon any such claim for any special, indirect, consequential or punitive damages, whether or not accrued and whether or not known or suspected to exist in its
favor. 

        (b)   IN
NO EVENT SHALL ANY AGENT AFFILIATE HAVE ANY LIABILITY TO ANY LOAN PARTY, LENDER, ISSUER OR ANY OTHER PERSON FOR DAMAGES OF ANY KIND, INCLUDING DIRECT OR INDIRECT,
SPECIAL, INCIDENTAL OR CONSEQUENTIAL DAMAGES, LOSSES OR EXPENSES (WHETHER IN TORT OR CONTRACT OR OTHERWISE) ARISING OUT OF ANY LOAN PARTY OR ANY AGENT AFFILIATE'S TRANSMISSION OF APPROVED ELECTRONIC
COMMUNICATIONS THROUGH THE INTERNET OR ANY USE OF THE APPROVED ELECTRONIC PLATFORM, EXCEPT TO THE EXTENT SUCH LIABILITY OF ANY AGENT AFFILIATE IS FOUND IN A FINAL NON-APPEALABLE JUDGMENT
BY A COURT OF COMPETENT JURISDICTION TO HAVE RESULTED PRIMARILY FORM SUCH AGENT AFFILIATE'S GROSS NEGLIGENCE OR WILLFUL MISCONDUCT. 

 
 

           Section 11.7    Right of Set-off     

        Upon
the occurrence and during the continuance of any Event of Default each Lender and each Affiliate of a Lender 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) at any time held and other Indebtedness at any time owing by such Lender
or its Affiliates to or for the credit or the account of the Borrower against any and all of the Obligations now or hereafter existing whether or not such Lender shall have made any demand under this
Agreement or any other Loan Document and even though such Obligations may be unmatured. Each Lender agrees promptly to notify the Borrower after any such set-off and application made by
such Lender or its Affiliates; provided, however, that the failure to give such notice shall not affect the validity of such set-off and
application. The rights of each Lender under this Section 11.7 are in addition to the other rights and remedies (including other rights of
set-off) that such Lender may have. 

 
 

           Section 11.8    Sharing of Payments, Etc.     

        (a)   If
any Lender (directly or through an Affiliate thereof) obtains any payment (whether voluntary, involuntary, through the exercise of any right of set-off
(including pursuant to Section 11.7 (Right of Set-off) or otherwise) of the Loans owing to it, any interest thereon, fees in respect
thereof or amounts due pursuant to Section 11.3 (Costs and Expenses) or 11.4 (Indemnities) (other
than payments pursuant to Section 2.14 (Special Provisions Governing Eurodollar Rate Loans), 2.15 (Capital Adequacy) or  2.16 (Taxes) or otherwise
receives any Collateral or any "Proceeds" (as defined in the Pledge and
Security Agreement) of Collateral (other than payments pursuant to Section 2.14 (Special Provisions Governing Eurodollar Rate Loans), 2.15 (Capital
Adequacy) or 2.16 (Taxes) (in each case, whether voluntary, involuntary, through the exercise of any right of
set-off or otherwise (including pursuant to Section 11.7 (Right of Set-off))) in excess of its Ratable Portion of all
payments of such Obligations obtained by all the Lenders, such Lender (a "Purchasing Lender") shall forthwith purchase from the other Lenders (each, a
"Selling Lender") such participations in their Loans or other Obligations as shall be necessary to cause such Purchasing Lender to share the excess
payment ratably with each of them. 

        (b)   If
all or any portion of any payment received by a Purchasing Lender is thereafter recovered from such Purchasing Lender, such purchase from each Selling Lender shall be
rescinded and such Selling Lender shall repay to the Purchasing Lender the purchase price to the extent of such recovery together with an amount equal to such Selling Lender's ratable share (according
to the proportion of (i) the amount of such Selling Lender's required repayment in relation to (ii) the total amount so recovered from the Purchasing Lender) of any interest or other
amount paid or payable by the Purchasing Lender in respect of the total amount so recovered. 

        (c)   The
Borrower agrees that any Purchasing Lender so purchasing a participation from a Selling Lender pursuant to this  Section 11.8 may, to the fullest extent permitted by law, exercise all its rights of

95

 

payment
(including the right of set-off) with respect to such participation as fully as if such Lender were the direct creditor of the Borrower in the amount of such participation. 

 
 

          Section 11.9    Notices, Etc.     

 
 

           (a)    Addresses for Notices.     All notices, demands, requests, consents and other communications provided
for in this Agreement shall be given in writing, or by any telecommunication device
capable of creating a written record (including electronic mail), and addressed to the party to be notified as follows: 

          (i)  if
to the Borrower: 

DPI
Holdings, LLC

1175 Peachtree Street, N.E.—Suite 2100

Atlanta, Georgia 30361

Attention: Chris C. Melton

Telecopy no: (404) 875-9545

E-Mail Address: chris@thewhiteoakgroup.com 

With
a copy to: 

Nelson
Mullins Riley & Scarborough, LLP

999 Peachtree Street, NE

Atlanta, GA 30309-3964

Attention: Glenn Sturm, Esq.

Telecopy no: (404) 817-6050

E-Mail Address: glenn.sturm@nelsonmullins.com 

         (ii)  if
to any Lender, at its Domestic Lending Office specified opposite its name on Schedule II (Applicable Lending Offices and Addresses for
Notices) or on the signature page of any applicable Assignment and Acceptance; 

        (iii)  if
to any Issuer, at the address set forth under its name on Schedule II (Applicable Lending Offices and Addresses for
Notices); and 

        (iv)  if
to the Administrative Agent or the Swing Loan Lender: 

Citicorp
North America, Inc.

388 Greenwich Street, 19th Floor

New York, New York 10013

Attention: Hector Guenther

Telecopy no: (646) 291 1650

E-Mail Address: hector.guenther@citigroup.com 

with
a copy to: 

Weil,
Gotshal & Manges LLP

767 Fifth Avenue,

New York, New York 10153-0119

Attention: Andrew Colao

Telecopy no: (212) 310-8007

E-Mail Address: andrew.colao@weil.com 

or
at such other address as shall be notified in writing (x) in the case of the Borrower, the Administrative Agent and the Swing Loan Lender, to the other parties and (y) in the case of
all other parties, to the Borrower and the Administrative Agent. 

96

 

 
 

           (b)    Effectiveness of Notices.     All notices, demands, requests, consents and other communications
described in clause (a) above shall be
effective (i) if delivered by hand, including any overnight courier service, upon personal delivery, (ii) if delivered by mail, when deposited in the mails, (iii) if delivered by
posting to an Approved Electronic Platform (to the extent permitted by Section 10.3 to be delivered thereunder), an Internet website or a similar
telecommunication device requiring a user prior access to such Approved Electronic Platform, website or other device (to the extent permitted by  Section 10.3 to be delivered thereunder), when such
notice, demand, request, consent and other communication shall have been made generally
available on such Approved Electronic Platform, Internet website or similar device to the class of Person being notified (regardless of whether any such Person must accomplish, and whether or not any
such Person shall have accomplished, any action prior to obtaining access to such items, including registration, disclosure of contact information, compliance with a standard user agreement or
undertaking a duty of confidentiality) and such Person has been notified that such communication has been posted to the Approved Electronic Platform and (iv) if delivered by electronic mail or
any other telecommunications device, when transmitted to an electronic mail address (or by another means of electronic delivery) as provided in  clause (a) above; provided,
however, that notices and communications to the Administrative Agent
pursuant to Article II (The Facilities) or Article X (The Administrative Agent) shall not
be effective until received by the Administrative Agent. 

 
 

           (c)    Use of Electronic Platform.     Notwithstanding clause (a)
 and (b) above (unless the
Administrative Agent requests that the provisions of clause (a) and (b) above be followed) and
any other provision in this Agreement or any other Loan Document providing for the delivery of any Approved Electronic Communication by any other means the Loan Parties shall deliver all Approved
Electronic Communications to the Administrative Agent by properly transmitting such Approved Electronic Communications in an electronic/soft medium in a format acceptable to the Administrative Agent
to oploanswebadmin@citigroup.com or such other electronic mail address (or similar means of electronic delivery) as the Administrative Agent may notify the Borrower. Nothing in this  clause (c)
shall prejudice the right of the Administrative Agent or any Lender or Issuer to deliver any Approved Electronic Communication to any
Loan Party in any manner authorized in this Agreement or to request that the Borrower effect delivery in such manner. 

 
 

          Section 11.10    No Waiver; Remedies     

        No
failure on the part of any Lender, Issuer or the Administrative Agent to exercise, and no delay in exercising, any right hereunder shall operate as a waiver thereof; nor shall any
single or partial exercise of any such right preclude any other or further exercise thereof or the exercise of any other right. The remedies herein provided are cumulative and not exclusive of any
remedies provided by law. 

 
 

          Section 11.11    Binding Effect     

        This
Agreement shall become effective when it shall have been executed by the Borrower and the Administrative Agent and when the Administrative Agent shall have been notified by each
Lender and Issuer that such Lender or Issuer has executed it and thereafter shall be binding upon and inure to the benefit of the Borrower, the Administrative Agent and each Lender and Issuer and, in
each case, their respective successors and assigns; provided, however, that the Borrower shall not have the right to assign its rights hereunder or any
interest herein without the prior written consent of the Lenders. 

 
 

           Section 11.12    Governing Law     

        This
Agreement and the rights and obligations of the parties hereto shall be governed by, and construed and interpreted in accordance with, the law of the State of New York. 

97

  

 
 

           Section 11.13    Submission to Jurisdiction; Service of Process     

        (a)   Any
legal action or proceeding with respect to this Agreement or any other Loan Document may be brought in the courts of the State of New York located in the City of New
York or of the United States of America for the Southern District of New York, and, by execution and delivery of this Agreement, the Borrower hereby accepts for itself and in respect of its property,
generally and unconditionally, the non-exclusive jurisdiction of the aforesaid courts. The parties hereto hereby irrevocably waive any objection, including any objection to the laying of
venue or based on the grounds of forum non conveniens, that any of them may now or hereafter have to the bringing of any such action or proceeding in
such respective jurisdictions. 

        (b)   The
Borrower hereby irrevocably consents to the service of any and all legal process, summons, notices and documents in any suit, action or proceeding brought in the
United States of America arising out of or in connection with this Agreement or any other Loan Document by the mailing (by registered or certified mail, postage prepaid) or delivering of a copy of
such process to the Borrower at its address specified in Section 11.9 (Notices, Etc.). The Borrower agrees that a final judgment in any such
action or proceeding shall be conclusive and may be enforced in other jurisdictions by suit on the judgment or in any other manner provided by law. 

        (c)   Nothing
contained in this Section 11.13 shall affect the right of the Administrative Agent or any Lender to serve
process in any other manner permitted by law or commence legal proceedings or otherwise proceed against the Borrower or any other Loan Party in any other jurisdiction. 

        (d)   If
for the purposes of obtaining judgment in any court it is necessary to convert a sum due hereunder in Dollars into another currency, the parties hereto agree, to the
fullest extent that they may effectively do so, that the rate of exchange used shall be that at which in accordance with normal banking procedures the Administrative Agent could purchase Dollars with
such other currency at the spot rate of exchange quoted by the Administrative Agent at 11:00 a.m. (New York time) on the Business Day preceding that on which final judgment is given, for the
purchase of Dollars, for delivery two Business Days thereafter. 

 
 

          Section 11.14    Waiver of Jury Trial     

        EACH
OF THE ADMINISTRATIVE AGENT, THE LENDERS, THE ISSUERS AND THE BORROWER IRREVOCABLY WAIVES TRIAL BY JURY IN ANY ACTION OR PROCEEDING WITH RESPECT TO THIS AGREEMENT OR ANY OTHER LOAN
DOCUMENT. 

 
 

          Section 11.15    Marshaling; Payments Set Aside     

        None
of the Administrative Agent, any Lender or any Issuer shall be under any obligation to marshal any assets in favor of the Borrower or any other party or against or in payment of any
or all of the Obligations. To the extent that the Borrower makes a payment or payments to the Administrative Agent, the Lenders or the Issuers or any such Person receives payment from the proceeds of
the Collateral or exercise their rights of setoff, and such payment or payments or the proceeds of such enforcement or setoff or any part thereof are subsequently invalidated, declared to be
fraudulent or preferential, set aside or required to be repaid to a trustee, receiver or any other party, then to the extent of such recovery, the obligation or part thereof originally intended to be
satisfied, and all Liens, right and remedies therefor, shall be revived and continued in full force and effect as if such payment had not been made or such enforcement or setoff had not occurred. 

 
 

           Section 11.16    Section Titles     

        The
section titles contained in this Agreement are and shall be without substantive meaning or content of any kind whatsoever and are not a part of the agreement between the parties
hereto, except when used to reference a section. Any reference to the number of a clause, sub-clause or subsection hereof immediately followed by a reference in parenthesis to the title of
the Section containing such 

98

 

clause,
sub-clause or subsection is a reference to such clause, sub-clause or subsection and not to the entire Section; provided,
however, that in case of direct conflict between the reference to the title and the reference to the number of such Section, the reference to the title shall govern absent
manifest error. If any reference to the number of a Section (but not to any clause, sub-clause or subsection thereof) is followed immediately by a reference in parenthesis to the title of
a Section, the title reference shall govern in case of direct conflict absent manifest error. 

 
 

           Section 11.17    Execution in Counterparts     

        This
Agreement may be executed in any number of counterparts and by different parties in separate counterparts, each of which when so executed shall be deemed to be an original and all
of which taken together shall constitute one and the same agreement. Signature pages may be detached from multiple separate counterparts and attached to a single counterpart so that all signature
pages are attached to the same document. Delivery of an executed signature page of this Agreement by facsimile transmission, electronic mail or by posting on the Approved Electronic Platform shall be
as effective as delivery of a manually executed counterpart hereof. A set of the copies of this Agreement signed by all parties shall be lodged with the Borrower and the Administrative Agent. 

 
 

          Section 11.18    Entire Agreement     

        This
Agreement, together with all of the other Loan Documents and all certificates and documents delivered hereunder or thereunder, embodies the entire agreement of the parties and
supersedes all prior agreements (other than the Fee Letter and the Syndication Letter Agreement) and understandings relating to the subject matter hereof. In the event of any conflict between the
terms of this Agreement and any other Loan Document, the terms of this Agreement shall govern. 

 
 

          Section 11.19    Confidentiality     

        Each
Lender and the Administrative Agent agree to use all reasonable efforts to keep information obtained by it pursuant hereto and the other Loan Documents, whether before or after the
Closing Date, confidential in accordance with such Lender's or the Administrative Agent's, as the case may be, customary practices and agrees that it shall only use such information in connection with
the transactions contemplated by this Agreement and not disclose any such information other than (a) to such Lender's or the Administrative Agent's, as the case may be, employees,
representatives and agents that are or are expected to be involved in the evaluation of such information in connection with the transactions contemplated by this Agreement and are advised of the
confidential nature of such information, (b) to the extent such information presently is or hereafter becomes available to such Lender or the Administrative Agent, as the case, may be, on a
non-confidential basis from a source other than the Borrower or any other Loan Party; provided, that such information was not furnished by a
source known by it to be prohibited from disclosing such information by contractual, legal or fiduciary obligation to the Borrower or any Loan Party, (c) to the extent disclosure is required by
law, regulation or judicial order or requested or required by bank regulators or auditors or (d) to current or prospective assignees, participants and Special Purpose Vehicle grantees of any
option described in Section 11.2(f) (Assignments and Participations), contractual counterparties in any Hedging Contract permitted hereunder and
to their respective legal or financial advisors, in each case and to the extent such assignees, participants, grantees or counterparties agree to be bound by, and to cause their advisors to comply
with, the provisions of this Section 11.19. Notwithstanding any other provision in this Agreement, the Administrative Agent hereby agrees that
the Borrower (and each of its officers, directors, employees, accountants, attorneys and other advisors) may disclose to any and all persons, without limitation of any kind, the U.S. tax treatment and
U.S. tax structure of the Facilities and the transactions contemplated hereby and all materials of any kind (including opinions and other tax analyses) that are provided to it relating to such U.S.
tax treatment and U.S. tax structure. 

99

 

 
 

           Section 11.20    Government Security Considerations.     

        Notwithstanding
anything to the contrary in any Loan Document, in order to ensure that the Borrower and its Subsidiaries continue lo remain qualified to conduct business with various
Governmental Authorities (including, without limitation, the United States Department of Defense), and in order to prevent unauthorized access to classified and controlled unclassified information by
the Administrative Agent, any Issuer or any Lender (or their respective successors in interest), the following provisions shall apply at all times: 

        (a)   The
Administrative Agent, each Issuer and each Lender hereby acknowledge and agree that (i) various Governmental Authorities (including the Department of Defense
and the Defense Security Services) have classified contractual relationships with one or more of the Borrower and its Subsidiaries, (ii) such Governmental Authorities are entitled to implement
appropriate foreign ownership, control or influence ("FOCI") mitigation methods at any time, including upon the occurrence of any Default or Event of
Default (which methods would be determined by the applicable Governmental Authorities, in their respective sole discretion, at the time of implementation thereof and
considering the circumstances then existing), (iii) each such Person shall cooperate with the applicable Governmental Authorities in the implementation of such FOCI mitigation methods; and
(iv) each such Person shall, at the request of the Borrower or any applicable Governmental Authority, execute such further certifications, provide such further information and take such further
action as may be reasonably necessary or advisable in the good faith judgment of the Borrower (or, in any event, as may be requested by any Governmental Authority) to protect the secrecy and
confidentiality of all information relevant to any project, product or service related to any Governmental Authority and provided by the Borrower or any of its Subsidiaires. 

        (b)   The
Borrower acknowledges and agrees that it will notify the appropriate Governmental Authorities of any Default or Event of Default under any Loan Document so that such
Governmental Authorities may take appropriate action to ensure the secrecy and confidentiality of all information relevant to any project, product or service related to any Governmental Authority
(including, without limitation, through the implementation of appropriate foreign ownership, control or influence mitigation methods). 

        (c)   In
the event that Borrower reasonably determines (or if any Governmental Authority shall assert) that the continued involvement of the Administrative Agent, any Issuer
or any Lender in the Loan Documents, the Collateral or the obligations of any Borrower or any Subsidiary in connection therewith, may constitute grounds for disqualification of any Borrower or any
Subsidiary from continued involvement in any project, provision of goods or provision of services related to any Governmental Authority, the Borrower shall have the right to require that the affected
Person promptly transfer its interests to a Person regarding whom such risk of disqualification does not then exist pursuant to (i) the provisions of Section 2.17
(Substitution of Lenders)regarding the replacement of any Lender or Issuer or (ii) the provisions of Section 10.7 (Successor
Administrative Agent) regarding the replacement of the Administrative Agent. In the event that a substitute Lender or Issuer is not identified within the time the Borrower
reasonably determines (or any Governmental Agency asserts) that the existing Lender or Issuer should be replaced, the Borrower shall repay all loans and other obligations due to such Lender or Issuer
(including cash collateralizing any Letters of Credit outstanding with any affected Issuer) without having a replacement Lender or Issuer in place (in which case the commitments to the applicable
loans that were provided by such Lender or Issuer shall be deemed to be temporarily reduced and any requests for advances thereafter made by the Borrower shall be funded entirely by the remaining
Lenders to the extent of their respective commitments until such time as a replacement Lender may be found). In the event that a substitute Administrative Agent is not identified within the time the
Borrower reasonably determines (or any Governmental Agency asserts) that the 

100

 

existing
Administrative Agent should be replaced, the Borrower shall have the right to require that the affected Administrative Agent promptly resign without regard to any advance notice period
otherwise required under Article X (The Administrative Agent).

        (d)   In
connection with any assignment or participation that may be made by the Administrative Agent, any Lender or any Issuer of any of its rights or interests hereunder
(pursuant to Section 10.7 (Successor Administrative Agent), Section 11.2 (Assignments and
Participations) or otherwise), each Person succeeding to any such rights or interests shall be deemed to have expressly made and agreed to the
representations and convenants set forth in this Section 11.20; provided, however, that the Borrower shall have the right, in connection with any
such assignment or participation, to determine in good faith whether the same may constitute grounds for disqualification of any Borrower or any Subsidiary from continued involvement in any project,
provision of goods or provision of services related to any Governmental Authority, and if the Borrower reasonably determines that such grounds for disqualification may exist, the Borrower shall be
entitled to prohibit such assignment or participation by notice to the Administrative Agent (and notwithstanding the existence of any Default or Event of Default under any Loan Document). 

        [Signature
Pages Follow] 

101

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

	 	 	DPI Holdings, LLC,
 as Borrower
	

 	
 	

By:	

White Oak Capital Partners, LLC, its manager
	

 	
 	

By:	

/s/  CHRISTOPHER C. MELTON      

	 	 	Name:	Christopher C. Melton
	 	 	Title:	Manager
	

 	
 	

Citicorp North America, Inc.,
 as Administrative Agent, Syndication Agent,

Swing Loan Lender, Lender and Issuer
	

 	
 	

By:	

/s/  ARNOLD Y. WONG      

	 	 	Name:	Arnold Y. Wong
	 	 	Title:	Vice President

	 	 	State Bank of India, New York,
 as Lender
	

 	
 	

By:	

/s/  RAKESH CHANDRA      

	 	 	Name:	Rakesh Chandra
	 	 	Title:	Vice President & Head (Credit)

	 	 	Wachovia Bank, National Association,

as Documentation Agent and Lender
	

 	
 	

By:	

/s/  ROBERT G. MCGILL JR.      

	 	 	Name:	Robert G. McGill Jr.
	 	 	Title:	Director

	 	 	RBC Centura Bank,
 as Lender
	

 	
 	

By:	

/s/  GARY ANDRESEN      

	 	 	Name:	Gary Andresen
	 	 	Title:	Vice President

	 	 	Commerce Bank, N.A.,

as Documentation Agent and Lender
	

 	
 	

By:	

/s/  LOUISE M. WAGER      

	 	 	Name:	Louise M. Wager
	 	 	Title:	Vice President

QuickLinks

Exhibit 10.1

$100,000,000 CREDIT AGREEMENT Dated as of September 30, 2005 among DPI HOLDINGS, LLC as Borrower and THE LENDERS AND ISSUERS PARTY HERETO and CITICORP NORTH AMERICA, INC. as Administrative Agent and Syndication
Agent and CITIGROUP GLOBAL MARKETS INC. as Sole Lead Arranger and Sole Bookrunner and COMMERCE BANK, N.A. AND WACHOVIA BANK, NATIONAL ASSOCIATION as Documentation Agents WELL GOTSHAL & MANGES LLP 767 FIFTH AVENUE NEW YORK, NEW YORK
10153-0119

TABLE OF CONTENTS

Schedules

Exhibits

W I T N E S S E T H

ARTICLE I DEFINITIONS, INTERPRETATION AND ACCOUNTING TERMS

Section 1.1 Defined Terms

Section 1.2 Computation of Time Periods

Section 1.3 Accounting Terms and Principles

Section 1.4 Conversion of Foreign Currencies

(a)  Dollar Equivalents.

(b)  Rounding-Off.

Section 1.5 Certain Terms

ARTICLE II THE FACILITIES

Section 2.1 The Commitments

(a)  Revolving Credit Commitments.

(b)  Term Loan Commitments.

Section 2.2 Borrowing Procedures

Section 2.3 Swing Loans

Section 2.4 Letters of Credit

Section 2.5 Reduction and Termination of the Commitments

Section 2.6 Repayment of Loans

Section 2.7 Evidence of Debt

Section 2.8 Optional Prepayments

(a)  Revolving Loans.

(b)  Term Loans.

Section 2.9 Mandatory Prepayments

Section 2.10 Interest

(a)  Rate of Interest.

(b)  Interest Payments.

(c)  Default Interest.

Section 2.11 Conversion/Continuation Option

Section 2.12 Fees

(a)  Unused Commitment Fee.

(b)  Letter of Credit Fees.

(c)  Additional Fees.

Section 2.13 Payments and Computations

Section 2.14 Special Provisions Governing Eurodollar Rate Loans

(a)  Determination of Interest Rate.

(b)  Interest Rate Unascertainable, Inadequate or Unfair.

(c)  Increased Costs.

(d)  Illegality.

(e)  Breakage Costs.

Section 2.15 Capital Adequacy

Section 2.16 Taxes

Section 2.17 Substitution of Lenders

Section 2.18 Facility Increase

(a)  General.

(b)  Terms of Facility Increase.

(c)  Revolving Credit Commitment Increase.

ARTICLE III CONDITIONS TO LOANS AND LETTERS OF CREDIT

Section 3.1 Conditions Precedent to Initial Loans and Letters of Credit

(a)  Certain Documents.

(b)  Fee and Expenses Paid.

(c)  Refinancing of Existing Loan Agreement and Existing Notes.

(d)  Consents, Etc.

Section 3.2 Conditions Precedent to Each Loan and Letter of Credit

Section 3.3 Determinations of Initial Borrowing Conditions

Section 3.4 Conditions Precedent to Each Facility Increase

ARTICLE IV REPRESENTATIONS AND WARRANTIES

Section 4.1 Corporate Existence; Compliance with Law

Section 4.2 Corporate Power; Authorization; Enforceable Obligations

Section 4.3 Ownership of Borrower; Subsidiaries

Section 4.4 Financial Statements

Section 4.5 Material Adverse Change

Section 4.6 Solvency

Section 4.7 Litigation

Section 4.8 Taxes

Section 4.9 Full Disclosure

Section 4.10 Margin Regulations

Section 4.11 No Burdensome Restrictions; No Defaults

Section 4.12 Investment Company Act; Public Utility Holding Company Act

Section 4.13 Use of Proceeds

Section 4.14 Insurance

Section 4.15 Labor Matters

Section 4.16 ERISA

Section 4.17 Environmental Matters

Section 4.18 Intellectual Property

Section 4.19 Title; Real Property

Section 4.20 Activities of the Borrower

ARTICLE V FINANCIAL COVENANTS

Section 5.1 Maximum Leverage Ratio

Section 5.2 Minimum Interest Coverage Ratio

Section 5.3 Capital Expenditures

ARTICLE VI REPORTING COVENANTS

Section 6.1 Financial Statements

Section 6.2 Default Notices

Section 6.3 Litigation

Section 6.4 Asset Sales

Section 6.5 Labor Relations

Section 6.6 SEC Filings; Press Releases

Section 6.7 Tax Returns

Section 6.8 Insurance

Section 6.9 ERISA Matters

Section 6.10 Environmental Matters

Section 6.11 Customer Contracts

Section 6.12 Other Information

ARTICLE VII AFFIRMATIVE COVENANTS

Section 7.1 Preservation of Corporate Existence, Etc.

Section 7.2 Compliance with Laws, Etc.

Section 7.3 Conduct of Business

Section 7.4 Payment of Taxes, Etc.

Section 7.5 Maintenance of Insurance

Section 7.6 Access

Section 7.7 Keeping of Books

Section 7.8 Maintenance of Properties, Etc.

Section 7.9 Application of Proceeds

Section 7.10 Environmental

Section 7.11 Additional Collateral and Guaranties

Section 7.12 Landlord Access Agreement

Section 7.13 Real Property

Section 7.14 Further Assurances.

Section 7.15 Post-Closing Obligations.

ARTICLE VIII NEGATIVE COVENANTS

Section 8.1 Indebtedness

Section 8.2 Liens, Etc.

Section 8.3 Investments

Section 8.4 Sale of Assets

Section 8.5 Restricted Payments

Section 8.6 Prepayment and Cancellation of Indebtedness

Section 8.7 Restriction on Fundamental Changes; Permitted Investments

Section 8.8 Change in Nature of Business

Section 8.9 Transactions with Affiliates

Section 8.10 Limitations on Restrictions on Subsidiary Distributions; No New Negative Pledge

Section 8.11 Modification of Constituent Documents

Section 8.12 Modification of Debt Agreements

Section 8.13 Accounting Changes; Fiscal Year

Section 8.14 Margin Regulations

Section 8.15 Operating Leases; Sale/Leasebacks

Section 8.16 No Speculative Transactions

Section 8.17 Compliance with ERISA

Section 8.18 Environmental

ARTICLE IX EVENTS OF DEFAULT

Section 9.1 Events of Default

Section 9.2 Remedies

Section 9.3 Actions in Respect of Letters of Credit

Section 9.4 Rescission

ARTICLE X THE ADMINISTRATIVE AGENT

Section 10.1 Authorization and Action

Section 10.2 Administrative Agent's Reliance, Etc.

Section 10.3 Posting of Approved Electronic Communications

Section 10.4 The Administrative Agent individually

Section 10.5 Lender Credit Decision

Section 10.6 Indemnification

Section 10.7 Successor Administrative Agent

Section 10.8 Concerning the Collateral and the Collateral Documents

Section 10.9 Collateral Matters Relating to Related Obligations

ARTICLE XI MISCELLANEOUS

Section 11.1 Amendments, Waivers, Etc.

Section 11.2 Assignments and Participations

Section 11.3 Costs and Expenses

Section 11.4 Indemnities

Section 11.5 Patriot Act

Section 11.6 Limitation of Liability

Section 11.7 Right of Set-off

Section 11.8 Sharing of Payments, Etc.

Section 11.9 Notices, Etc.

(a)  Addresses for Notices.

(b)  Effectiveness of Notices.

(c)  Use of Electronic Platform.

Section 11.10 No Waiver; Remedies

Section 11.11 Binding Effect

Section 11.12 Governing Law

Section 11.13 Submission to Jurisdiction; Service of Process

Section 11.14 Waiver of Jury Trial

Section 11.15 Marshaling; Payments Set Aside

Section 11.16 Section Titles

Section 11.17 Execution in Counterparts

Section 11.18 Entire Agreement

Section 11.19 Confidentiality

Section 11.20 Government Security Considerations.

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