Document:

CREDIT
      AGREEMENT

     

    

    among

     

    

    SIG
      ACQUISITION CORP.,

    as
      Borrower

     

    

    THE
      LENDERS PARTY HERETO,

    as
      Lenders

    

    

    and

    

    

    LASALLE
      BANK NATIONAL ASSOCIATION,

    as
      Administrative Agent

    

    
      
        

      

    dated
      as of

    October
      3, 2006

     

    
      

    

    

    LASALLE
      BANK NATIONAL ASSOCIATION,

    as
      Lead Arranger

    

    
      

      

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    
      TABLE
        OF CONTENTS

    

     

    
      	 	 	
              Page

            
	
              ARTICLE
                I. DEFINITIONS

            	 	
              1

            
	
              Section
                1.1. Definitions

            	 	
              1

            
	
              Section
                1.2. Other Interpretive Provisions

            	 	
              25

            
	 	 	 
	
              ARTICLE
                II. COMMITMENTS OF THE LENDERS; BORROWING, CONVERSION AND LETTER
                OF CREDIT
                PROCEDURES.

            	 	
              26

            
	
              Section
                2.1. Commitments

            	 	
              26

            
	
              2.1.1.
                Revolving Credit Commitment

            	 	
              26

            
	
              2.1.2.
                Term Loan Commitment

            	 	
              26

            
	
              2.1.3.
                CAPEX Commitment

            	 	
              26

            
	
              2.1.4.
                L/C Commitment

            	 	
              27

            
	
              Section
                2.2. Loan Procedures

            	 	
              27

            
	
              2.2.1.
                Various Types of Loans

            	 	
              27

            
	
              2.2.2.
                Borrowing Procedures

            	 	
              27

            
	
              2.2.3.
                Conversion and Continuation Procedures

            	 	
              28

            
	
              2.2.4.
                Swing Line Facility

            	 	
              29

            
	
              Section
                2.3. Letter of Credit Procedures

            	 	
              30

            
	
              2.3.1.
                L/C Applications

            	 	
              30

            
	
              2.3.2.
                Participations in Letters of Credit

            	 	
              31

            
	
              2.3.3.
                Reimbursement Obligations

            	 	
              32

            
	
              2.3.4.
                Funding by the Lenders to Issuing Lender

            	 	
              32

            
	
              Section
                2.4. Commitments Several

            	 	
              33

            
	
              Section
                2.5. Certain Conditions

            	 	
              33

            
	 	 	 
	
              ARTICLE
                III. EVIDENCING OF LOANS

            	 	
              33

            
	
              Section
                3.1. Notes

            	 	
              33

            
	
              Section
                3.2. Recordkeeping

            	 	
              34

            
	 	 	 
	
              ARTICLE
                IV. INTEREST

            	 	
              34

            
	
              Section
                4.1. Interest Rates

            	 	
              34

            
	
              Section
                4.2. Interest Payment Dates

            	 	
              35

            
	
              Section
                4.3. Setting and Notice of LIBOR Rates

            	 	
              35

            
	
              Section
                4.4. Computation of Interest

            	 	
              35

            
	
              Section
                4.5. Limitation on Interest

            	 	
              35

            
	 	 	 
	
              ARTICLE
                V. FEES

            	 	
              35

            
	
              Section
                5.1. Non-Use Fee

            	 	
              35

            
	
              Section
                5.2. Letter of Credit Fees

            	 	
              36

            
	
              Section
                5.3. Administrative Agent Fees

            	 	
              36

            
	 	 	 
	
              ARTICLE
                VI. REDUCTION OR TERMINATION OF THE REVOLVING CREDIT COMMITMENT;
                PREPAYMENTS

            	 	
              36

            
	
              Section
                6.1. Voluntary Reduction or Termination of the Revolving Credit
                Commitment

            	 	
              36

            
	
              Section
                6.2. Prepayments

            	 	
              36

            
	
              6.2.1.
                Voluntary Prepayments

            	 	
              36

            
	
              6.2.2.
                Mandatory Prepayments

            	 	
              37

            

    

     

    
      
        
        

      

      
        -i-

        
          

        

      

      
        
        

      

    

     

    
      TABLE
        OF CONTENTS

       

    

    
      	 	 	
              Page

            
	
              Section
                6.3. Manner of Prepayments

            	 	
              38

            
	
              6.3.1.
                All Prepayments

            	 	
              38

            
	
              Section
                6.4. Repayments

            	 	
              38

            
	
              6.4.1.
                Revolving Loans

            	 	
              38

            
	
              6.4.2.
                Term Loan

            	 	
              38

            
	
              6.4.3.
                CAPEX Loans

            	 	
              39

            
	 	 	 
	
              ARTICLE
                VII. MAKING AND PRORATION OF PAYMENTS; SETOFF; TAXES

            	 	
              39

            
	
              Section
                7.1. Making of Payments

            	 	
              39

            
	
              Section
                7.2. Application of Certain Payments

            	 	
              39

            
	
              Section
                7.3. Due Date Extension

            	 	
              40

            
	
              Section
                7.4. Setoff

            	 	
              40

            
	
              Section
                7.5. Proration of Payments

            	 	
              40

            
	
              Section
                7.6. Taxes

            	 	
              40

            
	 	 	 
	
              ARTICLE
                VIII. INCREASED COSTS; SPECIAL PROVISIONS FOR LIBOR LOANS

            	 	
              42

            
	
              Section
                8.1. Increased Costs

            	 	
              42

            
	
              Section
                8.2. Basis for Determining Interest Rate Inadequate or
                Unfair

            	 	
              43

            
	
              Section
                8.3. Changes in Law Rendering LIBOR Loans Unlawful

            	 	
              44

            
	
              Section
                8.4. Funding Losses

            	 	
              44

            
	
              Section
                8.5. Right of the Lenders to Fund through Other Offices

            	 	
              44

            
	
              Section
                8.6. Discretion of the Lenders as to Manner of Funding

            	 	
              45

            
	
              Section
                8.7. Mitigation of Circumstances; Replacement of the
                Lenders

            	 	
              45

            
	
              Section
                8.8. Conclusiveness of Statements; Survival of Provisions

            	 	
              45

            
	 	 	 
	
              ARTICLE
                IX. REPRESENTATIONS AND WARRANTIES

            	 	
              46

            
	
              Section
                9.1. Organization

            	 	
              46

            
	
              Section
                9.2. Authorization; No Conflict

            	 	
              46

            
	
              Section
                9.3. Validity and Binding Nature

            	 	
              46

            
	
              Section
                9.4. Financial Condition

            	 	
              46

            
	
              Section
                9.5. No Material Adverse Change

            	 	
              47

            
	
              Section
                9.6. Litigation and Contingent Liabilities

            	 	
              47

            
	
              Section
                9.7. Ownership of Properties; Liens

            	 	
              47

            
	
              Section
                9.8. Equity Ownership; Subsidiaries

            	 	
              47

            
	
              Section
                9.9. Pension Plans

            	 	
              47

            
	
              Section
                9.10. Investment Company Act

            	 	
              48

            
	
              Section
                9.11. Public Utility Holding Company Act

            	 	
              48

            
	
              Section
                9.12. Regulations T, U and X

            	 	
              48

            
	
              Section
                9.13. Taxes

            	 	
              48

            
	
              Section
                9.14. Solvency.

            	 	
              49

            
	
              Section
                9.15. Environmental Matters

            	 	
              49

            
	
              Section
                9.16. Insurance

            	 	
              49

            
	
              Section
                9.17. Real Property

            	 	
              50

            
	
              Section
                9.18. Information

            	 	
              50

            
	
              Section
                9.19. Intellectual Property

            	 	
              50

            
	
              Section
                9.20. Burdensome Obligations

            	 	
              50

            
	
              Section
                9.21. Labor Matters

            	 	
              50

            

    

     

    
      
        
        

      

      
        -ii-

        
          

        

      

      
        
        

      

    

     

    
      TABLE
        OF CONTENTS

    

     

    
      	 	 	
              Page

            
	
              Section
                9.22. No Default

            	 	
              51

            
	
              Section
                9.23. Related Agreements.

            	 	
              51

            
	 	 	 
	
              ARTICLE
                X. AFFIRMATIVE COVENANTS

            	 	
              51

            
	
              Section
                10.1. Reports, Certificates and Other Information

            	 	
              51

            
	
              10.1.1.
                Annual Report

            	 	
              52

            
	
              10.1.2.
                Interim Reports

            	 	
              52

            
	
              10.1.3.
                Compliance Certificates

            	 	
              52

            
	
              10.1.4.
                Notice of Default, Litigation and ERISA Matters

            	 	
              53

            
	
              10.1.5.
                Borrowing Base Certificates

            	 	
              53

            
	
              10.1.6.
                Management Reports

            	 	
              54

            
	
              10.1.7.
                Projections

            	 	
              54

            
	
              10.1.8.
                Accounts Receivable Aging Report

            	 	
              54

            
	
              10.1.9.
                Inventory Report

            	 	
              54

            
	
              10.1.10.
                Other Information

            	 	
              55

            
	
              Section
                10.2. Books, Records and Inspections

            	 	
              55

            
	
              Section
                10.3. Maintenance of Property; Insurance

            	 	
              55

            
	
              Section
                10.4. Compliance with Laws; Payment of Taxes and
                Liabilities

            	 	
              56

            
	
              Section
                10.5. Maintenance of Existence.

            	 	
              56

            
	
              Section
                10.6. Use of Proceeds

            	 	
              57

            
	
              Section
                10.7. Employee Benefit Plans

            	 	
              57

            
	
              Section
                10.8. Environmental Matters

            	 	
              57

            
	
              Section
                10.9. Further Assurances

            	 	
              57

            
	
              Section
                10.10. Deposit Accounts

            	 	
              58

            
	
              Section
                10.11. Interest Rate Protection

            	 	
              58

            
	
              Section
                10.12. Syndication

            	 	
              58

            
	 	 	 
	
              ARTICLE
                XI. NEGATIVE COVENANTS

            	 	
              58

            
	
              Section
                11.1. Indebtedness

            	 	
              58

            
	
              Section
                11.2. Liens

            	 	
              59

            
	
              Section
                11.3. Restricted Payments

            	 	
              61

            
	
              Section
                11.4. Mergers, Consolidations, Sales

            	 	
              61

            
	
              Section
                11.5. Modification of Organizational Documents

            	 	
              63

            
	
              Section
                11.6. Transactions with Affiliates

            	 	
              63

            
	
              Section
                11.7. Unconditional Purchase Obligations

            	 	
              63

            
	
              Section
                11.8. Inconsistent Agreements

            	 	
              63

            
	
              Section
                11.9. Business Activities; Issuance of Equity

            	 	
              64

            
	
              Section
                11.10. Investments

            	 	
              64

            
	
              Section
                11.11. Restriction of Amendments to Certain Documents

            	 	
              65

            
	
              Section
                11.12. Fiscal Year

            	 	
              65

            
	
              Section
                11.13. Financial Covenants

            	 	
              65

            
	
              11.13.1.
                Fixed Charge Coverage Ratio

            	 	
              65

            
	
              11.13.2.
                Total Debt to EBITDA Ratio

            	 	
              66

            
	
              11.13.3.
                Consolidated Capital Expenditures

            	 	
              66

            
	 	 	 
	
              ARTICLE
                XII. EFFECTIVENESS; CONDITIONS OF LENDING

            	 	
              66

            
	
              Section
                12.1. Initial Credit Extension

            	 	
              66

            

    

     

    
      
        
        

      

      
        -iii-

        
          

        

      

      
        
        

      

    

     

    
      TABLE
        OF CONTENTS

       

    

    
      	 	 	
              Page

            
	
              12.1.1.
                Notes

            	 	
              67

            
	
              12.1.2.
                Guaranty and Collateral Agreement

            	 	
              67

            
	
              12.1.3.
                Control Agreements

            	 	
              67

            
	
              12.1.4.
                Leased or Mortgaged Real Property

            	 	
              67

            
	
              12.1.5.
                Bailee’s Waivers

            	 	
              67

            
	
              12.1.6.
                Real Estate Documents

            	 	
              67

            
	
              12.1.7.
                Subordination Agreement

            	 	
              67

            
	
              12.1.8.
                Authorization Documents

            	 	
              67

            
	
              12.1.9.
                Search Results; Lien Terminations

            	 	
              68

            
	
              12.1.10.
                Filings, Registrations and Recordings

            	 	
              68

            
	
              12.1.11.
                Opinions of Counsel

            	 	
              68

            
	
              12.1.12.
                Accounting Study

            	 	
              68

            
	
              12.1.13.
                Insurance

            	 	
              68

            
	
              12.1.14.
                Copies of Related Agreements

            	 	
              68

            
	
              12.1.15.
                Additional Capital

            	 	
              69

            
	
              12.1.16.
                Agent Fee Letter and Other Fees

            	 	
              69

            
	
              12.1.17.
                Solvency Certificate

            	 	
              69

            
	
              12.1.18.
                Financial Reports

            	 	
              69

            
	
              12.1.19.
                Pro Forma Projections

            	 	
              69

            
	
              12.1.20.
                Collateral Audit

            	 	
              69

            
	
              12.1.21.
                Availability

            	 	
              69

            
	
              12.1.22.
                Initial Total Debt to EBITDA Ratio

            	 	
              69

            
	
              12.1.23.
                Borrowing Base Certificate

            	 	
              70

            
	
              12.1.24.
                Closing Certificate, Consents and Permits

            	 	
              70

            
	
              12.1.25.
                Debt to be Repaid

            	 	
              70

            
	
              12.1.26.
                Other

            	 	
              70

            
	
              Section
                12.2. Conditions

            	 	
              70

            
	
              12.2.1.
                Compliance with Warranties, No Default

            	 	
              70

            
	
              12.2.2.
                Confirmatory Certificate

            	 	
              70

            
	 	 	 
	
              ARTICLE
                XIII. EVENTS OF DEFAULT AND THEIR EFFECT

            	 	
              71

            
	
              Section
                13.1. Events of Default

            	 	
              71

            
	
              13.1.1.
                Non-Payment of Obligations.

            	 	
              71

            
	
              13.1.2.
                Non-Payment of Other Indebtedness

            	 	
              71

            
	
              13.1.3.
                Other Material Obligations

            	 	
              71

            
	
              13.1.4.
                Bankruptcy and Insolvency

            	 	
              71

            
	
              13.1.5.
                Special Covenants

            	 	
              72

            
	
              13.1.6.
                Other Covenants

            	 	
              72

            
	
              13.1.7.
                Representations and Warranties

            	 	
              72

            
	
              13.1.8.
                Pension Plans

            	 	
              72

            
	
              13.1.9.
                Judgments

            	 	
              72

            
	
              13.1.10.
                Security

            	 	
              72

            
	
              13.1.11.
                Invalidity of Documents

            	 	
              72

            
	
              13.1.12.
                Change in Control

            	 	
              73

            
	
              13.1.13.
                Material Adverse Effect

            	 	
              73

            
	
              Section
                13.2. Effect of Event of Default

            	 	
              73

            

    

     

    
      
        
        

      

      
        -iv-

        
          

        

      

      
        
        

      

    

     

    
      TABLE
        OF CONTENTS

       

    

    
      	 	 	
              Page

            
	
              ARTICLE
                XIV. THE ADMINISTRATIVE AGENT

            	 	
              73

            
	
              Section
                14.1. Appointment and Authorization

            	 	
              73

            
	
              Section
                14.2. Issuing Lender

            	 	
              74

            
	
              Section
                14.3 Delegation of Duties

            	 	
              74

            
	
              Section
                14.4. Exculpation of Administrative Agent

            	 	
              74

            
	
              Section
                14.5. Reliance by Administrative Agent

            	 	
              74

            
	
              Section
                14.6. Notice of Default

            	 	
              75

            
	
              Section
                14.7. Credit Decision

            	 	
              75

            
	
              Section
                14.8. Indemnification

            	 	
              76

            
	
              Section
                14.9. Administrative Agent in Individual Capacity

            	 	
              76

            
	
              Section
                14.10. Successor Administrative Agent

            	 	
              76

            
	
              Section
                14.11. Collateral Matters

            	 	
              77

            
	
              Section
                14.12. Administrative Agent May File Proofs of Claim

            	 	
              77

            
	
              Section
                14.13. Other Agents; Arrangers and Managers

            	 	
              78

            
	 	 	 
	
              ARTICLE
                XV. GENERAL

            	 	
              78

            
	
              Section
                15.1. Waivers, Consents and Amendments

            	 	
              78

            
	
              Section
                15.2. Confirmations

            	 	
              79

            
	
              Section
                15.3. Notices

            	 	
              79

            
	
              Section
                15.4. Computations

            	 	
              79

            
	
              Section
                15.5. Costs, Expenses and Taxes

            	 	
              79

            
	
              Section
                15.6. Assignments; Participations

            	 	
              80

            
	
              15.6.1.
                Assignments

            	 	
              80

            
	
              15.6.2.
                Participations

            	 	
              81

            
	
              Section
                15.7. Register

            	 	
              82

            
	
              Section
                15.8. Governing Law

            	 	
              82

            
	
              Section
                15.9. Severability

            	 	
              82

            
	
              Section
                15.10. Nature of Remedies

            	 	
              82

            
	
              Section
                15.11. Entire Agreement

            	 	
              82

            
	
              Section
                15.12. Counterparts

            	 	
              82

            
	
              Section
                15.13. Successors and Assigns

            	 	
              82

            
	
              Section
                15.14. Captions

            	 	
              83

            
	
              Section
                15.15. Customer Identification - USA Patriot Act Notice

            	 	
              83

            
	
              Section
                15.16. Indemnification by Borrower

            	 	
              83

            
	
              Section
                15.17. Nonliability of the Lenders

            	 	
              84

            
	
              Section
                15.18. Forum Selection and Consent to Jurisdiction

            	 	
              84

            
	
              Section
                15.19. Waiver of Jury Trial

            	
               Signature
                Page 1

            

    

     

    SCHEDULES

    

    
      	
              SCHEDULE
                1

            	 	
              Lenders
                and Pro Rata Shares

            	 	 
	
              SCHEDULE
                2

            	 	
              Addresses
                for Notices

            	 	 
	
              SCHEDULE
                3

            	 	
              Guarantors
                of Payment

            	 	 
	
              SCHEDULE
                4

            	 	
              EBITDA
                Add Back

            	 	 
	
              SCHEDULE
                9.6

            	 	
              Litigation
                and Contingent Liabilities

            	 	 
	
              SCHEDULE
                9.8 

            	 	
              Subsidiaries

            	 	 

    

     

    
      
        
        

      

      
        -v-

        
          

        

      

      
        
        

      

    

     

    
      TABLE
        OF CONTENTS

      
        	
                SCHEDULE
                  9.16

              	 	
                Insurance

              	 	 
	
                SCHEDULE
                  9.17

              	 	
                Real
                  Property

              	 	 
	
                SCHEDULE
                  9.21

              	 	
                Labor
                  Matters

              	 	 
	
                SCHEDULE
                  10.10

              	 	
                Deposit
                  Accounts

              	 	 
	
                SCHEDULE
                  11.1

              	 	
                Existing
                  Debt

              	 	 
	
                SCHEDULE
                  11.2

              	 	
                Existing
                  Liens

              	 	 
	
                SCHEDULE
                  11.10

              	 	
                Investments

              	 	 
	
                SCHEDULE
                  12.1

              	 	
                Debt
                  to be Repaid

              	 	 

      

       

    

    
      EXHIBITS

      

      
        	
                EXHIBIT
                  A

              	 	
                Form
                  of Revolving Credit Note (Section 3.1(a))

              	 	 
	
                EXHIBIT
                  B

              	 	
                Form
                  of Swing Line Note (Section 3.1(b))

              	 	 
	
                EXHIBIT
                  C

              	 	
                Form
                  of Term Note (Section 3.1(c))

              	 	 
	
                EXHIBIT
                  D

              	 	
                Form
                  of CAPEX Note (Section 3.1(d))

              	 	 
	
                EXHIBIT
                  E

              	 	
                Form
                  of Borrowing Base Certificate (Section 1.1)

              	 	 
	
                EXHIBIT
                  F

              	 	
                Form
                  of Notice of Borrowing (Section 2.2.2)

              	 	 
	
                EXHIBIT
                  G

              	 	
                Form
                  of Notice of Conversion/Continuation (Section 2.2.3)

              	 	 
	
                EXHIBIT
                  H

              	 	
                Form
                  of Compliance Certificate (Section 10.1.3)

              	 	 
	
                EXHIBIT
                  I

              	 	
                Form
                  of Assignment Agreement (Section 15.6.1)

              	 	 

      

       

      
        
          
          

        

        
          -vi-

          
            

          

        

        
          
          

        

      

       

    

    This
      CREDIT AGREEMENT (this “Agreement”) is made effective as of October 3, 2006
      among:

    

    (a) SIG
      ACQUISITION CORP., a Delaware corporation (“Borrower”); 

    

    (b) the
      lenders listed on Schedule
      1
      and each
      other Eligible Transferee, as hereinafter defined, that from time to time
      becomes a party hereto pursuant to Section
      15.6.1
      (collectively, the “Lenders” and, individually, each a “Lender”); and

    

    (c) LASALLE
      BANK NATIONAL ASSOCIATION, as administrative agent for the Lenders under this
      Agreement.

    

    The
      Lenders have agreed to make available to Borrower a term loan, a revolving
      credit facility (which includes letters of credit and swing line loans) and
      a
      capex credit facility upon the terms and conditions set forth
      herein.

    

    In
      consideration of the mutual agreements herein contained, the parties hereto
      agree as follows:

    

    ARTICLE
      I. DEFINITIONS.

    

    Section
      1.1. Definitions.
      When
      used herein the following terms shall have the following meanings:

    

    “Account”
      or “Accounts” means that term as defined in the UCC.

    

    “Account
      Debtor” means that term as defined in the Guaranty and Collateral
      Agreement.

    

    “ACH”
      means Automated Clearing House.

    

    “Acquisition”
      means any transaction or series of related transactions for the purpose of
      or
      resulting, directly or indirectly, in (a) the acquisition of all or
      substantially all of the assets of a Person, or of all or substantially all
      of
      any business or division of a Person, (b) the acquisition of in excess of fifty
      percent (50%) of the Capital Securities of any Person, or otherwise causing
      any
      Person to become a Subsidiary, or (c) a merger or consolidation or any other
      combination with another Person (other than a Person that is already a
      Subsidiary).

    

    “Administrative
      Agent” means LaSalle in its capacity as administrative agent for the Lenders
      hereunder and any successor thereto in such capacity.

    

    “Affected
      Loan” means that term as defined in Section
      8.3.

    

    “Affiliate”
      of any Person means (a) any other Person which, directly or indirectly, controls
      or is controlled by or is under common control with such Person, (b) any officer
      or director of such Person, and (c) with respect to any Lender, any entity
      administered or managed by such Lender or an affiliate or investment advisor
      thereof and which is engaged in making, purchasing, holding or otherwise
      investing in commercial loans. A Person shall be deemed to be “controlled by”
any other Person if such Person possesses, directly or indirectly, power to
      vote
      5% or more of the securities (on a fully diluted basis) having ordinary voting
      power for the election of directors or managers or power to direct or cause
      the
      direction of the management and policies of such Person whether by contract
      or
      otherwise. Unless expressly stated otherwise herein, neither Administrative
      Agent nor any Lender shall be deemed to be an Affiliate of any Parent
      Entity.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    “Agent
      Fee Letter” means the Agent Fee Letter, dated as of the Closing Date, between
      Borrower and Administrative Agent.

    

    “Agreement”
      means that term as defined in the first paragraph of this
      Agreement.

    

    “Applicable
      Margin” means, for any day, the rate per annum set forth below opposite the
      level (the “Level”) then in effect, it being understood that the Applicable
      Margin for (a) LIBOR Loans shall be the percentage set forth under the column
      “LIBOR Margin”, (b) Base Rate Loans shall be the percentage set forth under
      the column “Base Rate Margin”, (c) the Non-Use Fee Rate shall be the percentage
      set forth under the column “Non-Use Fee Rate”, and (d) the L/C Fee Rate shall be
      the percentage set forth under the column “L/C Fee Rate”:

    

    
      	
               

               

              Level

            	 	
               

              Total
                Debt

              to
                EBITDA Ratio

            	 	
               

              LIBOR

              Margin

            	 	
               

              Base
                Rate

              Margin

            	 	
               

              Non-Use

              Fee
                Rate

            	 	
               

              L/C
                Fee

              Rate

            
	
              I

            	 	
              Greater
                than 2.50 to 1.00

            	 	
              2.50%

            	 	
              1.00%

            	 	
              0.50%

            	 	
              2.50%

            
	
              II

            	 	
              Greater
                than 2.00 to 1.00 but less than or equal to 2.50 to 1.00

            	 	
              2.00%

            	 	
              0.50%

            	 	
              0.375%

            	 	
              2.00%

            
	
              III

            	 	
              Greater
                than 1.50 to 1.00 but less than or equal to 2.00: to 1.00

            	 	
              1.75%

            	 	
              0.25%

            	 	
              0.30%

            	 	
              1.75%

            
	
              IV

            	 	
              Greater
                than 1.00 to 1.00 but less than or equal to 1.50 to 1.00

            	 	
              1.50%

            	 	
              0.00%

            	 	
              0.25%

            	 	
              1.50%

            
	
              V

            	 	
              Less
                than or equal to 1.00 to 1.00

            	 	
              1.25%

            	 	
              0.00%

            	 	
              0.20%

            	 	
              1.25%

            

    

    

    The
      LIBOR
      Margin, the Base Rate Margin, the Non-Use Fee Rate and the L/C Fee Rate shall
      be
      adjusted, to the extent applicable, on the fifth Business Day after Borrower
      provides or is required to provide the annual and quarterly financial statements
      and other information pursuant to Section
      10.1.1
      or
10.1.2,
      as
      applicable, and the related Compliance Certificate, pursuant to Section
      10.1.3.
      Notwithstanding anything contained in this paragraph to the contrary, (i) if
      Borrower fails to deliver the financial statements and Compliance Certificate
      in
      accordance with the provisions of Sections
      10.1.1,
      10.1.2
      and
10.1.3,
      the
      LIBOR Margin, the Base Rate Margin, the Non-Use Fee Rate and the L/C Fee Rate
      shall be based upon Level I above, beginning on the date such financial
      statements and Compliance Certificate were required to be delivered until the
      fifth (5th) Business Day after such financial statements and Compliance
      Certificate are actually delivered, whereupon the Applicable Margin shall be
      determined by the then current Level; (ii) no reduction to any Applicable Margin
      shall become effective at any time when a Default or an Event of Default has
      occurred and is continuing; and (iii) the initial Applicable Margin on the
      Closing Date shall be based on Level I until the date on which the financial
      statements and Compliance Certificate are required to be delivered for the
      Fiscal Quarter ending December 31, 2006.

     

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

    “Asset
      Disposition” means the sale, lease, assignment or other transfer for value
      (each, a “Disposition”) by any Parent
      Entity
      to any
      Person (other than a Company) of any asset or right of such Parent Entity
      (including, the loss, destruction or damage of any thereof or any actual or
      threatened (in writing to any Company) condemnation, confiscation, requisition,
      seizure or taking thereof) other than (a) the Disposition of any asset that
      is
      to be replaced, and is in fact replaced, within sixty (60) days after such
      Disposition with another asset performing the same or a similar function, (b)
      the sale or lease of inventory in the ordinary course of business, (c) other
      Dispositions in any Fiscal Year the net proceeds of which do not in the
      aggregate exceed Two Hundred Fifty Thousand Dollars ($250,000), (d) Dispositions
      of obsolete or worn out property, whether now owned or hereafter acquired,
      in
      the ordinary course of business, and (e) the lease or sublease of real property
      not constituting Indebtedness and not constituting a sale and leaseback
      transaction.

    

    “Assignee”
      means that term as defined in Section
      15.6.1.

    

    “Assignment
      Agreement” means an Assignment Agreement in substantially the form of
Exhibit
      I.
      

    

    “Attorney
      Costs” means, with respect to any Person, all reasonable fees and charges of any
      counsel to such Person, and all court costs and similar reasonable legal
      expenses.

    

    “Bank
      Product Agreements” means those certain cash management service agreements
      entered into from time to time between any Company and a Lender or its
      Affiliates in connection with any of the Bank Products.

    

    “Bank
      Product Obligations” means all obligations, liabilities, contingent
      reimbursement obligations, fees, and expenses owing by the Companies to any
      Lender or its Affiliates pursuant to or evidenced by the Bank Product
      Agreements, and irrespective of whether for the payment of money, whether direct
      or indirect, absolute or contingent, due or to become due, now existing or
      hereafter arising, and including all such amounts that a Company is obligated
      to
      reimburse to Administrative Agent or any Lender as a result of Administrative
      Agent or such Lender purchasing participations or executing indemnities or
      reimbursement obligations with respect to the Bank Products provided to the
      Companies pursuant to the Bank Product Agreements.

    

    “Bank
      Products” means any service or facility extended to any Company by any Lender or
      its Affiliates including (a) credit cards, (b) credit card processing services,
      (c) debit cards, (d) purchase cards, (e) ACH transactions, (f) cash management,
      including controlled disbursement, accounts or services, and (g) Hedging
      Agreements.

     

    
      
        
        

      

      
        3

        
          

        

      

      
        
        

      

    

    “Base
      Rate” means at any time the greater of (a) the Federal Funds Rate plus
      one-half percent (0.5%) per annum, and (b) the Prime Rate.

    

    “Base
      Rate Loan” means any Loan that bears interest at or by reference to the Base
      Rate.

    

    “Base
      Rate Margin” means that term as defined in the definition of Applicable
      Margin.

    

    “Borrower”
      means that term as defined in the first paragraph of this
      Agreement.

    

    “Borrowing
      Base” means an amount equal to the total of (a) up to eighty-five percent (85%)
      of the unpaid amount (net of such reserves and allowances as Administrative
      Agent deems necessary, in its reasonable discretion) of all Eligible Accounts,
      plus (b) up to fifty-five percent (55%) of the value of all Eligible Inventory,
      valued at the lower of cost or market (net of such reserves and allowances
      as
      Administrative Agent deems necessary, in its reasonable
      discretion).

    

    “Borrowing
      Base Certificate” means a certificate substantially in the form of Exhibit
      E.

    

    “BSA”
      means that term as defined in Section
      10.4.

    

    “Business
      Day” means any day on which LaSalle is open for commercial banking business in
      Chicago, Illinois and, in the case of a Business Day that relates to a LIBOR
      Loan, on which dealings are carried on in the London interbank Eurodollar
      market.

    

    “CAPEX
      Commitment” means the CAPEX Draw Facility Commitment and the CAPEX Term Loan
      Commitment.

    

    “CAPEX
      Conversion Date” means the date that is one hundred eighty (180) days after the
      Closing Date.

    

    “CAPEX
      Draw Exposure” means, at any time, the aggregate principal amount of all
      outstanding CAPEX Draw Loans.

    

    “CAPEX
      Draw Facility Commitment” means the obligation hereunder, during the applicable
      Commitment Period, of each CAPEX Lender to make CAPEX Draw Loans up to an
      aggregate amount equal to the CAPEX Facility Amount.”

    

    “CAPEX
      Draw Loans” means the Loans granted to Borrower by the CAPEX Lenders in
      accordance with Section
      2.1.3(a).

    

    “CAPEX
      Facility Amount” means Two
      Million Dollars ($2,000,000).

    

    “CAPEX
      Lender” means a Lender with a Pro Rata Share of the CAPEX Commitment as set
      forth on Schedule
      1.

    

    “CAPEX
      Loan” means a CAPEX Draw Loan or the CAPEX Term Loan.

     

    
      
        
        

      

      
        4

        
          

        

      

      
        
        

      

    

    “CAPEX
      Note” means a CAPEX Note, in the form of the attached Exhibit
      D
      executed
      and delivered pursuant to Section
      3.1(d).

    

    “CAPEX
      Term Loan” means the Loan granted to Borrower by the CAPEX Lenders in accordance
      with Section
      2.1.3(b).

    

    “CAPEX
      Term Loan Commitment” means the obligation hereunder of the CAPEX Lenders to
      make the CAPEX Term Loan.

    

    “CAPEX
      Term Loan Maturity Date” means the earlier of (a) October 2, 2011, or
      (b) the Termination Date.

    

    “CAPEX
      Term Loan Scheduled Payment Amount” means an amount equal to the original
      principal amount of the CAPEX Term Loan divided by twenty-eight
      (28).

    

    “Capital
      Lease” means, with respect to any Person, any lease of (or other agreement
      conveying the right to use) any real or personal property by such Person that,
      in conformity with GAAP, is accounted for as a capital lease on the balance
      sheet of such Person.

    

    “Capital
      Securities” means, with respect to any Person, all shares, interests,
      participations or other equivalents (however designated, whether voting or
      non-voting) of such Person’s capital, whether now outstanding or issued or
      acquired after the Closing Date, including common shares, preferred shares,
      membership interests in a limited liability company, limited or general
      partnership interests in a partnership, interests in a trust, interests in
      other
      unincorporated organizations or any other equivalent of such ownership
      interest.

    

    “Cash
      Collateralize” means to deliver cash collateral to Administrative Agent, to be
      held as cash collateral for outstanding Letters of Credit, pursuant to
      documentation reasonably satisfactory to Administrative Agent. Derivatives
      of
      such term have corresponding meanings.

    

    “Cash
      Equivalent Investment” means, at any time, (a) any evidence of Indebtedness,
      maturing not more than one year after such time, issued or guaranteed by the
      United States Government or any agency thereof, (b) commercial paper, maturing
      not more than one year from the date of issue, or corporate demand notes, in
      each case (unless issued by a Lender or its holding company) rated at least
      A-l
      by Standard & Poor’s Ratings Services, a division of The McGraw-Hill
      Companies, Inc. or P-l by Moody’s Investors Service, Inc., (c) any certificate
      of deposit, time deposit or banker’s acceptance, maturing not more than one year
      after such time, or any overnight Federal Funds transaction that is issued
      or
      sold by any Lender or its holding company (or by a commercial banking
      institution that is a member of the Federal Reserve System and has a combined
      capital and surplus and undivided profits of not less than Five Hundred Million
      Dollars ($500,000,000)), (d) any repurchase agreement entered into with any
      Lender (or commercial banking institution of the nature referred to in subpart
      (c)) which (i) is secured by a fully perfected security interest in any
      obligation of the type described in any of subparts (a) through (c) above,
      and
      (ii) has a market value, at the time such repurchase agreement is entered into,
      of not less than one hundred percent (100%) of the repurchase obligation of
      such
      Lender (or other commercial banking institution) thereunder, (e) money market
      accounts or mutual funds that invest exclusively in assets satisfying the
      foregoing requirements, and (f) other short term liquid investments approved
      in
      writing by Administrative Agent.

     

    
      
        
        

      

      
        5

        
          

        

      

      
        
        

      

    

    “Change
      in Control” means the occurrence of any of the following events: (a) the
      acquisition of, or, if earlier, the shareholder or director approval of the
      acquisition of, ownership or voting control, directly or indirectly,
      beneficially (within the meaning of Rules 13d-3 and 13d-5 of the Securities
      Exchange Act of 1934, as then in effect) or of record, on or after the Closing
      Date, by any Person or group (within the meaning of Sections 13d and 14d of
      the
      Securities Exchange Act of 1934, as then in effect), of shares representing
      more
      than thirty percent (30%) of the aggregate ordinary Voting Power represented
      by
      the issued and outstanding capital stock of Parent; (b) the occupation of a
      majority of the seats (other than vacant seats) on the board of directors or
      other governing body of Parent by Persons who were neither (i) nominated by
      the board of directors or other governing body of Parent nor (ii) appointed
      by
      directors so nominated; (c) Parent shall cease to own and control one hundred
      percent (100%) of the outstanding Capital Securities, directly, of Borrower
      and,
      directly or indirectly, of each other Parent Entity; (d) Borrower shall cease
      to, directly or indirectly, own and control one hundred percent (100%) of each
      class of the outstanding Capital Securities of each Subsidiary; (e) Warren
      Kanders (and any trustee, trust or other entity created for estate planning
      purposes, established for the benefit of the members of Warren Kanders’
immediate family) (i) shall cease to be the largest shareholder of Parent based
      on his beneficial ownership, or (ii) shall cease to have greater voting control,
      including through Olden Acquisition LLC and Kanders & Co., than any other
      shareholder of Parent; or (f) the occurrence of a change in control, or similar
      provision, as defined in any Material Indebtedness Agreement.

    

    “Closing
      Date” means the effective date of this Agreement as set forth in the first
      paragraph of this Agreement.

    

    “Code”
      means the Internal Revenue Code of 1986, as amended, and all regulations issued
      pursuant thereto.

    

    “Collateral”
      means that term as defined in the Guaranty and Collateral
      Agreement.

    

    “Collateral
      Access Agreement” means a landlord’s waiver or other agreement in form and
      substance reasonably satisfactory to Administrative Agent pursuant to which
      a
      mortgagee or lessor of real property on which Collateral is stored or otherwise
      located, or a warehouseman, processor or other bailee of Inventory or other
      property owned by any Credit Party, acknowledges the Liens of Administrative
      Agent and waives any Liens held by such Person on such property, and, in the
      case of any such agreement with a mortgagee or lessor, permits Administrative
      Agent reasonable access to and use of such real property following the
      occurrence and during the continuance of an Event of Default to assemble,
      complete and sell any Collateral stored or otherwise located
      thereon.

    

    “Collateral
      Documents” means, collectively, the Guaranty and Collateral Agreement, each
      Mortgage, each Collateral Access Agreement, each Control Agreement, any
      financing statement filed in connection with the foregoing, and any other
      agreement or instrument pursuant to which Borrower, any Subsidiary or any other
      Person grants or purports to grant collateral to Administrative Agent, for
      the
      benefit of the Lenders, or otherwise relates to such collateral. 

     

    
      
        
        

      

      
        6

        
          

        

      

      
        
        

      

    

    “Commitment”
      means the obligation hereunder of the Lenders, during the applicable Commitment
      Period, to make Loans and to participate in the issuance of Letters of Credit
      pursuant to the Revolving Credit Commitment, the Term Loan Commitment and the
      CAPEX Commitment, up to the Total Commitment Amount.

    

    “Commitment
      Percentage” means, for each Lender, the percentage set forth opposite such
      Lender’s name under the column headed “Commitment Percentage”, as listed in
Schedule
      1
      hereto.

    

    “Commitment
      Period” means (a) with respect to the Revolving Credit Commitment, the period
      from the Closing Date to October 2, 2011, or such earlier date on which the
      Commitment shall have been terminated, or (b) with respect to the CAPEX Draw
      Facility Commitment, the period from the Closing Date to the CAPEX Conversion
      Date, or such earlier date on which the CAPEX Draw Facility Commitment shall
      have been terminated.

    

    “Companies”
      means Borrower and all Subsidiaries. 

    

    “Company”
      means Borrower or a Subsidiary.

    

    “Compliance
      Certificate” means a Compliance Certificate in substantially the form of
Exhibit
      H,
      with
      appropriate insertions.

    

    “Computation
      Period” means each period of four consecutive Fiscal Quarters ending on the last
      day of a Fiscal Quarter.

    

    “Concord”
      means CRC Acquisition Co., LLC, a Delaware limited liability
      company.

    

    “Concord
      Acquisition” means the acquisition by Borrower of substantially all of the
      assets of Concord.

    

    “Consideration”
      means, in connection with an Acquisition, the aggregate consideration paid
      or to
      be paid, including borrowed funds, cash, deferred payments (including Permitted
      Acquisition Earn-outs), the issuance of securities or notes, the assumption
      or
      incurring of liabilities (direct or contingent), the payment of consulting
      fees
      or fees for a covenant not to compete and any other consideration paid or to
      be
      paid for such Acquisition.

    

    “Consolidated”
      means the resultant consolidation of the financial statements of Parent and
      its
      Subsidiaries in accordance with GAAP, including principles of consolidation
      consistent with those applied in preparation of the consolidated financial
      statements referred to in Section
      9.4.

    

    “Consolidated
      Capital Expenditures” means all expenditures that, in accordance with GAAP,
      would be required to be capitalized and shown on the Consolidated balance sheet
      of Parent, including expenditures in respect of Capital Leases, but excluding
      expenditures made in connection with the replacement, substitution or
      restoration of assets to the extent financed (a) from insurance proceeds
      (or other similar recoveries) paid on account of the loss of or damage to the
      assets being replaced or restored, or (b) with awards of compensation arising
      from the taking by eminent domain or condemnation of the assets being
      replaced.

     

    
      
        
        

      

      
        7

        
          

        

      

      
        
        

      

    

    “Consolidated
      Depreciation and Amortization Charges” means, for any period, the aggregate of
      all depreciation and amortization charges for fixed assets, leasehold
      improvements and general intangibles (specifically including goodwill) of Parent
      for such period, as determined on a Consolidated basis and in accordance with
      GAAP.

    

    “Consolidated
      EBITDA” means, for any period, on a Consolidated basis and in accordance with
      GAAP, Consolidated Net Income for such period plus, without duplication, to
      the
      extent deducted in determining such Consolidated Net Income, Consolidated
      Interest Expense, Consolidated Income Tax Expense, Consolidated Depreciation
      and
      Amortization Charges, non-cash management compensation expense for such period
      and non-cash charges for such period incurred in accordance with Statements
      of
      Financial Accounting Standards 142 and 144, minus extraordinary or unusual
      non-cash gains not incurred in the ordinary course of business but that were
      included in the calculation of Consolidated Net Income for such period, plus
      extraordinary or unusual non-cash losses not incurred in the ordinary course
      of
      business but that were included in the calculation of Consolidated Net Income
      for such period; provided that adjustments will be made in accordance with
      Schedule 4, to Consolidated EBITDA for the fiscal periods of Parent ending
      August 31, 2006, December 31, 2006, March 31, 2007, June 30, 2007 and September
      30, 2007 to add back certain amounts deducted from Consolidated EBITDA for
      such
      periods.

    

    “Consolidated
      Income Tax Expense” means, for any period, all provisions for Taxes based on the
      gross or net income of Parent (including, without limitation, any additions
      to
      such Taxes, and any penalties and interest with respect thereto), and all
      franchise Taxes of Parent, as determined on a Consolidated basis and in
      accordance with GAAP.

    

    “Consolidated
      Interest Expense” means, for any period, the interest expense of Parent for such
      period (including all imputed interest on Capital Leases), as determined on
      a
      Consolidated basis and in accordance with GAAP.

    

    “Consolidated
      Net Income” means, for any period, the net income (or loss) of Parent for such
      period, as determined on a Consolidated basis and in accordance with
      GAAP.

    

    “Consolidated
      Net Worth” means, as of any date, the sum of the capital stock and additional
      paid-in capital of Parent, plus retained earnings (or minus accumulated deficit)
      of Parent calculated in conformity with GAAP, as determined on a Consolidated
      basis.

    

    “Consolidated
      Total Funded Debt” means all Indebtedness of Parent, as determined on a
      Consolidated basis and in accordance with GAAP; provided that, for purposes
      of
      calculating the Fixed Charge Coverage Ratio and the Total Debt to EBITDA Ratio,
      Consolidated Total Funded Debt shall not include the Olden Note.

     

    
      
        
        

      

      
        8

        
          

        

      

      
        
        

      

    

    “Consolidated
      Unfunded Capital Expenditures” means all additions to fixed assets not funded
      with (a) CAPEX Loans or (b) Indebtedness incurred pursuant to Section
      11.1(b)
      or
(f).

    

    “Control
      Agreement” means each Deposit Account Control Agreement among a Credit Party,
      Administrative Agent and a depository institution, dated on or after the Closing
      Date, as the same may from time to time be amended, restated or otherwise
      modified.

    

    “Controlled
      Group” means all members of a controlled group of corporations, all members of a
      controlled group of trades or businesses (whether or not incorporated) under
      common control and all members of an affiliated service group which, together
      with Borrower or any of its Subsidiaries, are treated as a single employer
      under
      Section 414 of the Code or Section 4001 of ERISA.

    

    “Credit
      Party” means Borrower, Parent and any Subsidiary of Parent or any other
      Affiliate of Borrower that is a Guarantor of Payment.

    

    “Debt
      to
      be Repaid” means Indebtedness listed on Schedule
      12.1.

    

    “Default”
      means any event that, if it continues uncured, will, with lapse of time or
      notice or both, constitute an Event of Default.

    

    “Default
      Rate” means (a)
      with
      respect to any Loan, a rate per annum equal to two percent (2%) in excess of
      the
      rate otherwise applicable thereto, and (b) with respect to any other amount,
      if
      no rate is specified or available, a rate per annum equal to two percent (2%)
      in
      excess of the Derived Base Rate from time to time in effect.

    

    “Derived
      Base Rate” means a rate per annum equal to the sum of the Base Rate Margin (from
      time to time in effect) plus the Base Rate.

    

    “Derived
      LIBOR Rate” means a rate per annum equal to the sum of the LIBOR Margin (from
      time to time in effect) plus the LIBOR Rate.

    

    “Designated
      Proceeds” means that term as defined in Section
      6.2.2(a).

    

    “Disposition”
      means that term as defined in the definition of Asset Disposition.

    

    “Dollar”
      and the sign “$” mean the lawful money of the United States of
      America.

    

    “Domestic
      Subsidiary” means a Subsidiary of Parent that is not a Foreign
      Subsidiary.

    

    “Dormant
      Subsidiary” means a Company that (a) is not a Credit Party, (b) has aggregate
      assets of less than Fifty Thousand Dollars ($50,000), and (c) has no direct
      or
      indirect Subsidiaries with aggregate assets for all such Subsidiaries of more
      than Fifty Thousand Dollars ($50,000).

     

    
      
        
        

      

      
        9

        
          

        

      

      
        
        

      

    

    “Eligible
      Account” means an Account owing to Borrower or its Subsidiaries (that are Credit
      Parties) that meets each of the following requirements:

    

    (a) it
      arises
      from the sale or lease of goods or the rendering of services which have been
      fully performed by such Credit Party; and, if it arises from the sale or lease
      of goods, (i) such goods satisfactorily comply with such Account Debtor’s
      specifications (if any) and have been delivered to such Account Debtor, and
      (ii) such Credit Party has possession of, or if requested by Administrative
      Agent has delivered to Administrative Agent, delivery receipts evidencing such
      delivery;

    

    (b) it
      (i) is
      subject to a perfected, first priority Lien in favor of Administrative Agent,
      for the benefit of the Lenders, and (ii) is not subject to any other assignment,
      claim or Lien (other than Liens permitted pursuant to Section
      11.2(a)
      or
(b));

    

    (c) it
      is a
      valid, legally enforceable and unconditional obligation of the Account Debtor
      with respect thereto, and is not subject to the fulfillment of any condition
      whatsoever or any counterclaim, credit, allowance, discount, rebate or
      adjustment by the Account Debtor with respect thereto, or to any claim by such
      Account Debtor denying liability thereunder in whole or in part, and the Account
      Debtor has not refused to accept and has not returned or offered to return
      any
      of the goods or services which are the subject of such Account;

    

    (d) there
      is
      no bankruptcy, insolvency or liquidation proceeding pending by or against the
      Account Debtor with respect thereto;

    

    (e) the
      Account Debtor with respect thereto is a resident or citizen of, and is located
      within, the United States, unless the sale of goods or services giving rise
      to
      such Account is on letter of credit, banker’s acceptance or other credit support
      terms reasonably satisfactory to Administrative Agent;

    

    (f) it
      is not
      an Account arising from a “sale on approval,” “sale or return,” “consignment” or
“bill and hold” or subject to any other repurchase or return
      agreement;

    

    (g) it
      is not
      an Account with respect to which possession and/or control of the goods sold
      giving rise thereto is held, maintained or retained by such Credit Party (or
      by
      any agent or custodian of such Credit Party) for the account of or subject
      to
      further and/or future direction from the Account Debtor with respect
      thereto;

    

    (h) it
      arises
      in the ordinary course of business of such Credit Party;

    

    (i) it
      is not
      an Account owing
      from the United States or any department, agency or instrumentality
      thereof;

    

    (j) if
      such
      Credit Party maintains a credit limit for an Account Debtor, the aggregate
      dollar amount of Accounts due from such Account Debtor, including such Account,
      does not exceed such credit limit;

     

    
      
        
        

      

      
        10

        
          

        

      

      
        
        

      

    

    (k) if
      the
      Account is evidenced by chattel paper or an instrument, the originals of such
      chattel paper or instrument shall have been endorsed or assigned, and delivered
      to Administrative Agent or, in the case of electronic chattel paper, shall
      be in
      the control of Administrative Agent, in each case in a manner reasonably
      satisfactory to Administrative Agent;

    

    (l) such
      Account is evidenced by an invoice delivered to the related Account Debtor
      and
      is not more than (i) ninety (90) days past the due date thereof, or (ii) one
      hundred twenty (120) days past the original invoice date thereof, in each case
      according to the original terms of sale;

    

    (m) it
      is not
      an Account with respect to an Account Debtor that is located in any jurisdiction
      which has adopted a statute or other requirement with respect to which any
      Person that obtains business from within such jurisdiction must file a notice
      of
      business activities report or make any other required filings in a timely manner
      in order to enforce its claims in such jurisdiction’s courts unless (i) such
      notice of business activities report has been duly and timely filed or such
      Credit Party is exempt from filing such report and has provided Administrative
      Agent with satisfactory evidence of such exemption, or (ii) the failure to
      make
      such filings may be cured retroactively by such Credit Party for a nominal
      fee;

    

    (n) the
      Account Debtor with respect thereto is not a Parent Entity or an Affiliate
      of
      Borrower;

    

    (o) it
      is not
      owed by an Account Debtor with respect to which twenty-five percent (25%) or
      more of the aggregate amount of outstanding Accounts owed at such time by such
      Account Debtor is classified as ineligible under subpart (l) of this definition;
      or

    

    (p) it
      is
      otherwise not unacceptable to Administrative Agent, in its reasonable
      discretion, for any other reason.

    

    An
      Account that is at any time an Eligible Account, but which subsequently fails
      to
      meet any of the foregoing requirements, shall forthwith cease to be an Eligible
      Account. Further, with respect to any Account, if Administrative Agent or the
      Required Lenders at any time hereafter determine, in its or their discretion,
      that the prospect of payment or performance by the Account Debtor with respect
      thereto is materially impaired for any reason, such Account shall cease to
      be an
      Eligible Account after notice of such determination is given to Borrower.

    

    “Eligible
      Inventory” means Inventory of Borrower or its Subsidiaries (that are Credit
      Parties) that meets each of the following requirements:

    

    (a) it
      (i) is
      subject to a perfected, first priority Lien in favor of Administrative Agent,
      and (ii) is not subject to any other assignment, claim or Lien (other than
      Liens
      permitted pursuant to Section
      11.2(a)
      or
(b));

     

    
      
        
        

      

      
        11

        
          

        

      

      
        
        

      

    

    (b) it
      is
      salable and not obsolete or discontinued;

    

    (c) it
      is in
      the possession and control of such Credit Party and it is stored and held in
      facilities owned by the Companies or, if such facilities are not so owned,
      Administrative Agent is in possession of a Collateral Access Agreement with
      respect thereto;

    

    (d) it
      is not
      Inventory produced in violation of the Fair Labor Standards Act and subject
      to
      the “hot goods” provisions contained in Title 29 U.S.C. §215;

    

    (e) it
      is not
      subject to any agreement or license which would restrict Administrative Agent’s
      ability to sell or otherwise dispose of such Inventory;

    

    (f) it
      is
      located in the United States or in any territory or possession of the United
      States that has adopted Article 9 of the Uniform Commercial Code;

    

    (g) it
      is not
“in transit” to such Credit Party or held by such Credit Party on consignment;

    

    (h) it
      is not
“work-in-progress” Inventory;

    

    (i) it
      is not
      supply items or packaging;

    

    (j) it
      is not
      identified to any purchase order or contract to the extent progress or advance
      payments are received with respect to such Inventory (but only to the extent
      of
      such payment); 

    

    (k) it
      does
      not breach any of the representations, warranties or covenants pertaining to
      Inventory set forth in the Loan Documents; and 

    

    (l) it
      is
      otherwise not unacceptable to Administrative Agent, in its reasonable
      discretion, for any other reason.

    

    Inventory
      that is at any time Eligible Inventory, but which subsequently fails to meet
      any
      of the foregoing requirements, shall forthwith cease to be Eligible
      Inventory.

    

    “Eligible
      Transferee” shall mean a commercial bank, financial institution or other
“accredited investor” (as defined in SEC Regulation D) that is not Borrower, a
      Subsidiary or an Affiliate.

    

    “Environmental
      Claims” means all claims, however asserted, by any governmental, regulatory or
      judicial authority or other Person alleging potential liability or
      responsibility for violation of any Environmental Law, or for release or injury
      to the environment.

     

    
      
        
        

      

      
        12

        
          

        

      

      
        
        

      

    

    “Environmental
      Laws” means all applicable present or future federal, state or local laws,
      statutes, common law duties, rules, regulations, ordinances and codes, together
      with all administrative or judicial orders, consent agreements, directed duties,
      requests, licenses, authorizations and permits of, and agreements with, any
      governmental authority, in each case relating to any matter arising out of
      or
      relating to public health and safety, or pollution or protection of the
      environment or workplace, including any of the foregoing relating to the
      presence, use, production, generation, handling, transport, treatment, storage,
      disposal, distribution, discharge, emission, release, threatened release,
      control or cleanup of any Hazardous Substance. 

    

    “ERISA”
      means the Employee Retirement Income Security Act of 1974, and all regulations
      issued pursuant thereto. 

    

    “Event
      of
      Default” means any of the events described in Section
      13.1.

    

    “Excepted
      Account” means that term as defined in Section
      10.10.

    

    “Excess
      Cash Flow” means, for any period, the remainder of (a)
      Consolidated EBITDA
      for such period; minus (b)
      the
      sum,
      without duplication, of (i)
      scheduled
      repayments of principal of the Term Loan and the CAPEX Term Loan made during
      such period, plus (ii)
      voluntary
      prepayments of the Term Loan and the CAPEX Term Loan pursuant to Section
      6.2.1
      during
      such period, plus (iii)
      cash
      payments made in such period with respect to Consolidated Unfunded Capital
      Expenditures, plus (iv)
      Consolidated Income
      Tax Expense paid (or payable, provided that this shall not include deferred
      Taxes) in cash during such period, plus (v)
      Consolidated
      Interest Expense paid or payable during such period. 

    

    “Excluded
      Taxes” means taxes based upon, or measured by, a Lender’s or Administrative
      Agent’s (or a branch of the Lender’s or Administrative Agent’s) overall net
      income, overall net receipts, or overall net profits (including franchise taxes
      imposed in lieu of such taxes), but only to the extent such taxes are imposed
      by
      a taxing authority (a) in a jurisdiction in which such Lender or Administrative
      Agent is organized, (b) in a jurisdiction which such Lender’s or Administrative
      Agent’s principal office is located, or (c) in a jurisdiction in which such
      Lender’s or Administrative Agent’s lending office (or branch) in respect of
      which payments under this Agreement are made is located.

    

    “Federal
      Funds Rate” means, for any day, a fluctuating interest rate 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 which is a
      Business Day, the average of the quotations for such day on such transactions
      received by Administrative Agent from three Federal funds brokers of recognized
      standing selected by Administrative Agent. Administrative Agent’s determination
      of such rate shall be binding and conclusive absent manifest error.

    

    “Fiscal
      Quarter” means a fiscal quarter of a Fiscal Year.

     

    
      
        
        

      

      
        13

        
          

        

      

      
        
        

      

    

    “Fiscal
      Year” means the fiscal year of Parent, which period shall be the twelve (12)
      month period ending on December 31 of each year. References to a Fiscal Year
      with a number corresponding to any calendar year (e.g., “Fiscal Year 2003”)
      refer to the Fiscal Year ending on December 31 of such calendar
      year.

    

    “Fixed
      Charge Coverage Ratio” means, for any Computation Period, the ratio of (a) the
      total for such period of Consolidated EBITDA minus, without duplication, the
      sum
      of (i) Taxes paid in cash by the Parent Entities, (ii) all Consolidated Unfunded
      Capital Expenditures, and (iii) tax refunds received in cash during such
      period; to (b) the sum for such period of (i) cash Consolidated Interest
      Expense, plus (ii) required payments of principal of Consolidated Total Funded
      Debt (including the Term Loan and the CAPEX Term Loan but excluding the
      Revolving Loans and the CAPEX Draw Loans).

    

    “Foreign
      Subsidiary” means a Subsidiary of Parent that is organized outside of the United
      States.

    

    “FRB”
      means the Board of Governors of the Federal Reserve System or any successor
      thereto.

    

    “GAAP”
      means generally accepted accounting principles of the United States set forth
      from time to time in the opinions and pronouncements of the Accounting
      Principles Board and the American Institute of Certified Public Accountants
      and
      statements and pronouncements of the Financial Accounting Standards Board (or
      agencies with similar functions of comparable stature and authority within
      the
      U.S. accounting profession), which are applicable to the circumstances as of
      the
      date of determination.

    

    “Group”
      means that term as defined in Section
      2.2.1.

    

    “Guarantor
      of Payment” means Parent and each Subsidiary Guarantor of Payment.

    

    “Guaranty
      and Collateral Agreement” means that certain Guaranty and Collateral Agreement
      dated, executed and delivered by the Credit Parties on or after the Closing
      Date, as the same may from time to time be amended, restated or otherwise
      modified, together with any joinders thereto and any other guaranty and
      collateral agreement executed by a Person, in each case in form and substance
      reasonably satisfactory to Administrative Agent.

    

    “Hazardous
      Substances” means (a) any petroleum or petroleum products, radioactive
      materials, asbestos in any form that is or could become friable, urea
      formaldehyde foam insulation, dielectric fluid containing levels of
      polychlorinated biphenyls, radon gas and mold; (b) any chemicals, materials,
      pollutant or substances defined as or included in the definition of “hazardous
      substances”, “hazardous waste”, “hazardous materials”, “extremely hazardous
      substances”, “restricted hazardous waste”, “toxic substances”, “toxic
      pollutants”, “contaminants”, “pollutants” or words of similar import, under any
      applicable Environmental Law; and (c) any other chemical, material or substance,
      the exposure to, or release of which is prohibited, limited or regulated by
      any
      governmental authority or for which any duty or standard of care is imposed
      pursuant to, any Environmental Law.

     

    
      
        
        

      

      
        14

        
          

        

      

      
        
        

      

    

    “Hedging
      Agreement” means any interest rate, currency or commodity swap agreement, cap
      agreement or collar agreement, and any other agreement or arrangement designed
      to protect a Person against fluctuations in interest rates, currency exchange
      rates or commodity prices.

    

    “Hedging
      Obligation” means, with respect to any Person, any liability of such Person
      under any Hedging Agreement. The amount of any Person’s obligation in respect of
      any Hedging Obligation shall be deemed to be the incremental obligation that
      would be reflected in the financial statements of such Person in accordance
      with
      GAAP.

    

    “Indebtedness”
      of any Person means, without duplication, (a) all indebtedness of such Person
      for borrowed money, whether or not evidenced by bonds, debentures, notes or
      similar instruments, (b) all obligations of such Person as lessee under Capital
      Leases which have been or should be recorded as liabilities on a balance sheet
      of such Person in accordance with GAAP, (c) all obligations of such Person
      to
      pay the deferred purchase price of property or services (excluding accrued
      expenses and trade accounts payable in the ordinary course of business), (d)
      all
      indebtedness (excluding prepaid interest thereon) secured by a Lien on the
      property of such Person, whether or not such indebtedness shall have been
      assumed by such Person (provided that, if such Person has not assumed or
      otherwise become liable for such indebtedness, such indebtedness shall be
      measured at the fair market value of such property securing such indebtedness
      at
      the time of determination), (e) all obligations, contingent or otherwise, with
      respect to the face amount of all letters of credit (whether or not drawn),
      bankers’ acceptances and similar obligations issued for the account of such
      Person (including the Letters of Credit), (f) all Hedging Obligations of such
      Person, (g) all contingent liabilities of such Person with respect to the
      foregoing, (h) all Indebtedness of any partnership of which such Person is
      a
      general partner, and (i) any Capital Securities or other equity instrument,
      whether or not mandatorily redeemable, that under GAAP is characterized as debt,
      whether pursuant to financial accounting standards board issuance No. 150 or
      otherwise.

    

    “Indemnified
      Liabilities” means that term as defined in Section
      15.16.

    

    “Interest
      Period” means, as to any LIBOR Loan, the period commencing on the date such Loan
      is borrowed or continued as, or converted into, a LIBOR Loan and ending on
      the
      date one, two, three or six months thereafter as selected by Borrower pursuant
      to Section
      2.2.2
      or
2.2.3,
      as the
      case may be; provided that:

    

    (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 following Business Day unless the
      result of such extension would be to carry such Interest Period into another
      calendar month, in which event such Interest Period shall end on the preceding
      Business Day;

    

    (b) any
      Interest Period that begins 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 the calendar month at the end of such Interest
      Period;

     

    
      
        
        

      

      
        15

        
          

        

      

      
        
        

      

    

    (c) Borrower
      may not select any Interest Period for a Revolving Loan that would extend beyond
      the scheduled Termination Date; 

     

    (d) Borrower
      may not select any Interest Period for the Term Loan if, after giving effect
      to
      such selection, the aggregate principal amount of the Term Loan having Interest
      Periods ending after any date on which an installment of the Term Loan is
      scheduled to be repaid would exceed the aggregate principal amount of the Term
      Loan scheduled to be outstanding after giving effect to such repayment;
      and

    

    (e) Borrower
      may not select any Interest Period for the CAPEX Term Loan if, after giving
      effect to such selection, the aggregate principal amount of the CAPEX Term
      Loan
      having Interest Periods ending after any date on which an installment of the
      CAPEX Term Loan is scheduled to be repaid would exceed the aggregate principal
      amount of the CAPEX Term Loan scheduled to be outstanding after giving effect
      to
      such repayment.

    

    “Inventory”
      means that term as defined in the Guaranty and Collateral
      Agreement.

    

    “Investment”
      means, with respect to any Person, any investment in another Person, whether
      by
      acquisition of any indebtedness or Capital Securities, by making any loan or
      advance, by becoming obligated with respect to a guaranty or contingent
      liability in respect of obligations of such other Person (other than travel
      and
      similar advances to employees in the ordinary course of business) or by making
      an Acquisition. For purposes of covenant compliance, the amount of any
      Investment shall be the amount actually invested, without adjustment for
      subsequent increases or decreases in the value of such Investment, but including
      subsequent amounts of Investments in the same Person at the time such amount
      is
      actually invested, whether pursuant to earn-outs, working capital adjustments
      or
      other contractual obligations, or otherwise.

    

    “Issuing
      Lender” means LaSalle, in its capacity as the issuer of Letters of Credit
      hereunder, or any Affiliate of LaSalle that may from time to time issue Letters
      of Credit, and their successors and assigns in such capacity.

    

    “LaSalle”
      means LaSalle Bank National Association, a national banking association, and
      its
      successors and assigns.

    

    “L/C
      Application” means, with respect to any request for the issuance of a Letter of
      Credit, a letter of credit application in the form being used by the Issuing
      Lender at the time of such request for the type of letter of credit
      requested.

    

    “L/C
      Fee
      Rate” means that term as defined in the definition of Applicable
      Margin.

    

    “Lender”
      means that term as defined in the first paragraph of this Agreement. References
      to the “Lenders” shall include the Issuing Lender and the Swing Line Lender; for
      purposes of clarification only, to the extent that LaSalle (or any successor
      Issuing Lender or Swing Line Lender) may have any rights or obligations in
      addition to those of the other Lenders due to its status as Issuing Lender
      or
      Swing Line Lender, its status as such will be specifically referenced. In
      addition to the foregoing, for the purpose of identifying the Persons entitled
      to share in the Collateral and the proceeds thereof under, and in accordance
      with the provisions of, this Agreement and the Collateral Documents, the term
      “Lender” shall include Affiliates of a Lender providing a Bank Product.

    
      
        
        

      

      
        16

        
          

        

      

      
        
        

      

    

    “Lender
      Party” means that term as defined in Section
      15.16.

    

    “Letter
      of Credit” means a commercial documentary letter of credit or standby letter of
      credit that shall be issued by the Issuing Lender for the account of Borrower
      or
      a Subsidiary Guarantor of Payment, including amendments thereto, if
      any.

    

    “Letter
      of Credit Commitment” means the commitment of the Issuing Lender on behalf of
      the Lenders, to issue Letters of Credit in an aggregate undrawn amount of up
      to
      Five Million Dollars ($5,000,000) at any time outstanding; this commitment
      constitutes a sublimit of the Revolving Credit Commitment.

    

    “Level”
      means that term as defined in the Applicable Margin definition.

    

    “LIBOR
      Loan” means any Loan that bears interest at a rate determined by reference to
      the LIBOR Rate.

    

    “LIBOR
      Margin” means that term as defined in the definition of Applicable
      Margin.

    

    “LIBOR
      Office” means, with respect to any Lender, the office or offices of such Lender
      that shall be making or maintaining the LIBOR Loans of such Lender hereunder.
      A
      LIBOR Office of any Lender may be, at the option of such Lender, either a
      domestic or foreign office.

    

    “LIBOR
      Rate” means a rate of interest equal to (a) the per annum rate of interest at
      which United States dollar deposits in an amount comparable to the amount of
      the
      relevant LIBOR Loan and for a period equal to the relevant Interest Period
      are
      offered in the London Interbank Eurodollar market at 11:00 A.M. (London time)
      two Business Days prior to the commencement of such Interest Period (or three
      Business Days prior to the commencement of such Interest Period if banks in
      London, England were not open and dealing in offshore United States dollars
      on
      such second preceding Business Day), as displayed in the Bloomberg
      Financial Markets
      system
      (or other authoritative source selected by Administrative Agent in its sole
      discretion) or, if the Bloomberg
      Financial Markets
      system
      or another authoritative source is not available, as the LIBOR Rate is otherwise
      determined by Administrative Agent in its sole and absolute discretion, divided
      by (b) a number determined by subtracting from 1.00 the then stated maximum
      reserve percentage for determining reserves to be maintained by member banks
      of
      the Federal Reserve System for Eurocurrency funding or liabilities as defined
      in
      Regulation D (or any successor category of liabilities under Regulation D),
      such
      rate to remain fixed for such Interest Period. Administrative Agent’s
      determination of the LIBOR Rate shall be conclusive, absent manifest
      error.

     

    
      
        
        

      

      
        17

        
          

        

      

      
        
        

      

    

    “Lien”
      means, with respect to any Person, any interest granted by such Person in any
      real or personal property, asset or other right owned or being purchased or
      acquired by such Person (including an interest in respect of a Capital Lease)
      that secures payment or performance of any obligation and shall include any
      mortgage, lien, encumbrance, title retention lien, charge or other security
      interest of any kind, whether arising by contract, as a matter of law, by
      judicial process or otherwise.

    

    “Loan”
or
      “Loans” means, as the context may require, Revolving Loans, CAPEX Draw Loans,
      the Term Loan, the CAPEX Term Loan and Swing Line Loans.

    

    “Loan
      Documents” means this Agreement, the Notes, the Letters of Credit, the Master
      Letter of Credit Agreement, the L/C Applications, the Agent Fee Letter, the
      Subordination Agreement and the Collateral Documents, and all documents,
      instruments and agreements delivered in connection with the
      foregoing.

    

    “Mandatory
      Prepayment Event” means that term as defined in Section
      6.2.2(a).

    

    “Margin
      Stock” means any “margin stock” as defined in Regulation U.

    

    “Master
      Letter of Credit Agreement” means, at any time, with respect to the issuance of
      Letters of Credit, a master letter of credit agreement or reimbursement
      agreement in the form, if any, being used by the Issuing Lender at such
      time.

    

    “Material
      Adverse Effect” means (a) a material adverse change in, or a material adverse
      effect upon, the financial condition, operations, assets, business or properties
      of the Companies taken as a whole, or of the Parent Entities taken as a whole,
      (b) a material impairment of the ability of any Credit Party to perform any
      of
      the Obligations under any Loan Document, or (c) a material adverse effect upon
      any substantial portion of the Collateral under the Collateral Documents or
      upon
      the legality, validity, binding effect or enforceability against any Credit
      Party of any Loan Document.

    

    “Material
      Recovery Event” means (a) any casualty loss in respect of assets of a Company
      covered by casualty insurance, and (b) any compulsory transfer or taking under
      threat of compulsory transfer of any asset of a Company by any governmental
      agency; provided that, in the case of either (a) or (b), the proceeds received
      by the Companies from such loss, transfer or taking exceeds One Hundred Thousand
      Dollars ($100,000).

    

    “Maximum
      Rate” means that term as defined in Section
      4.5.

     

    “Maximum
      Revolving Amount” means Ten Million Dollars ($10,000,000), as such amount may be
      reduced pursuant to Section
      6.1.

    

    “Mortgage”
      means a mortgage, deed of trust, leasehold mortgage or similar instrument
      granting Administrative Agent a Lien on real property of any Credit
      Party.

     

    
      
        
        

      

      
        18

        
          

        

      

      
        
        

      

    

    “Multiemployer
      Pension Plan” means a multiemployer plan, as defined in Section 4001(a)(3) of
      ERISA, to which Borrower or any other member of the Controlled Group may have
      any liability.

    

    “Non-U.S.
      Participant” means that term as defined in Section
      7.6(d).

    

    “Non-Use
      Fee” means that term as defined in Section
      5.1.

    

    “Non-Use
      Fee Rate” means that term as defined in the definition of Applicable
      Margin.

    

    “Note”
      means a Revolving Credit Note, the Swing Line Note, a Term Note, a CAPEX Note,
      or any other promissory note delivered pursuant to this Agreement.

    

    “Notice
      of Borrowing” means a written notice substantially in the form of Exhibit
      F.

    

    “Notice
      of Conversion/Continuation” means a written notice substantially in the form of
Exhibit
      G.

    

    “Obligations”
      means all obligations (monetary (including post-petition interest, allowed
      or
      not) or otherwise) of any Parent Entity under this Agreement and any other
      Loan
      Document including Attorney Costs and any reimbursement obligations of any
      Parent Entity in respect of Letters of Credit and surety bonds, in each case
      with respect to the foregoing, howsoever created, arising or evidenced, whether
      direct or indirect, absolute or contingent, now or hereafter existing, or due
      or
      to become due.

    

    “OFAC”
      means that term as defined in Section
      10.4.

    

    “Olden
      Note” means that certain 2% Convertible Subordinated Note due April 21, 2014 by
      and between Parent and Olden Acquisition LLC, a Delaware limited liability
      company.

    

    “Parent”
      means Net Perceptions, Inc., a Delaware corporation. 

    

    “Parent
      Entities” means Parent and its Subsidiaries.

    

    “Parent
      Entity” means Parent or a Subsidiary of Parent.

    

    “Participant”
      means that term as defined in Section
      15.6.2.

    

    “PBGC”
      means the Pension Benefit Guaranty Corporation and any entity succeeding to
      any
      or all of its functions under ERISA.

    

    “Pension
      Plan” means a “pension plan”, as such term is defined in Section 3(2) of ERISA,
      which is subject to Title IV of ERISA or the minimum funding standards of ERISA
      (other than a Multiemployer Pension Plan), and as to which Borrower or any
      member of the Controlled Group may have any liability, including any liability
      by reason of having been a substantial employer within the meaning of Section
      4063 of ERISA at any time during the preceding five years, or by reason of
      being
      deemed to be a contributing sponsor under Section 4069 of ERISA.

     

    
      
        
        

      

      
        19

        
          

        

      

      
        
        

      

    

    “Permitted
      Acquisition Earn-Out” means collectively, the obligation of the Parent Entities
      or Affiliates of Parent to (a) pay, after the initial closing of any
      Acquisition permitted pursuant to Section
      11.4
      any
      amount in the form or nature of post-closing contingent consideration (other
      than such contingent consideration consisting of working capital adjustments,
      net asset adjustments and other similar post-closing adjustments) to any seller
      under such Acquisition (or any of its assignees), pursuant to any provision
      of
      the respective documents related to such Acquisition, or (b) pay to the seller
      in respect of such Acquisition permitted pursuant to Section 11.4
      that
      portion of the purchase price thereof retained by Parent or the applicable
      Parent Entity at the time of the initial closing of such Acquisition which
      Parent or such Parent Entity is required pursuant to the terms of the applicable
      acquisition document to pay to such seller in respect of such Acquisition on
      a
      date or dates occurring after such initial closing as designated in, and in
      accordance with the terms of, such Acquisition.

    

    “Permitted
      Intercompany Merger” means (a) a merger or consolidation solely of one or more
      Subsidiaries of Parent (provided that if one of such Subsidiaries is a Credit
      Party, the result of such merger or consolidation is that the surviving entity
      is a Credit Party and, in any merger with Borrower, Borrower shall be the
      surviving entity), (b) the acquisition of (i) all or substantially all
      of the stock or stock equivalents of any Subsidiary of Parent (other than
      Borrower), (ii) all or substantially all of the assets of any Subsidiary of
      Parent (other than Borrower) or (iii) all or substantially all of the
      assets constituting the business of a division, branch or other unit operation
      of any Subsidiary of Parent (other than Borrower), in each case by any Credit
      Party, or (c) the acquisition of (i) all or substantially all of the
      stock or stock equivalents of any Subsidiary of Parent that is not a Credit
      Party, or (ii) all or substantially all of the assets constituting the
      business of a division, branch or other unit operation of any Subsidiary of
      Parent that is not a Credit Party, in each case by any Subsidiary of Parent
      that
      is not a Credit Party.

    

    “Person”
      means any natural person, corporation, partnership, trust, limited liability
      company, association, governmental authority or unit, or any other entity,
      whether acting in an individual, fiduciary or other capacity.

    

    “Prime
      Rate” means, for any day, the rate of interest in effect for such day as
      publicly announced from time to time by Administrative Agent as its prime rate
      (whether or not such rate is actually charged by Administrative Agent), which
      is
      not intended to be Administrative Agent’s lowest or most favorable rate of
      interest at any one time. Any change in the Prime Rate announced by
      Administrative Agent shall take effect at the opening of business on the day
      specified in the public announcement of such change; provided that
      Administrative Agent shall not be obligated to give notice of any change in
      the
      Prime Rate.

    

    “Pro
      Rata
      Share” means: 

    

    (a) with
      respect to a Lender’s obligation to make Revolving Loans, participate in Letters
      of Credit, reimburse the Issuing Lender, and receive payments of principal,
      interest, fees, costs, and expenses with respect thereto, (i) prior to the
      Termination Date, the percentage obtained by dividing (A) such Lender’s
      Commitment Percentage of the Revolving Credit Commitment, by (B) the Maximum
      Revolving Amount, and (ii) from and after the Termination Date, the percentage
      obtained by dividing (A) the aggregate unpaid principal amount of such Lender’s
      Commitment Percentage of the Revolving Credit Exposure (after settlement and
      repayment of all Swing Line Loans by the Lenders) by (B) the Revolving Credit
      Exposure;

    
      
        
        

      

      
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    (b) with
      respect to a Lender’s obligation to make the Term Loan and receive payments of
      interest, fees, and principal with respect thereto, (i) prior to the making
      of
      the Term Loan, the percentage obtained by dividing (A) such Lender’s Commitment
      Percentage of the Term Loan Commitment, by (B) the Term Loan Commitment, and
      (ii) from and after the making of the Term Loan, the percentage obtained by
      dividing (A) the principal amount of such Lender’s Commitment Percentage of the
      Term Loan by (B) the principal amount outstanding of the Term
      Loan;

    

    (c) with
      respect to a Lender’s obligation to make the CAPEX Loans and receive payments of
      interest, fees, and principal with respect thereto, (i) prior to the CAPEX
      Conversion Date, the percentage obtained by dividing (A) such Lender’s
      Commitment Percentage of the CAPEX Draw Facility Commitment, by (B) the CAPEX
      Facility Amount, and (ii) from and after the making of the CAPEX Term Loan,
      the percentage obtained by dividing (A) the principal amount of such Lender’s
      Commitment Percentage of the CAPEX Term Loan by (B) the principal amount
      outstanding of the CAPEX Term Loan; and

    

    (d) with
      respect to all other matters as to a particular Lender, the percentage obtained
      by dividing (i) such Lender’s Commitment Percentage of the Revolving Credit
      Commitment, plus such Lender’s Commitment Percentage of the Term Loan
      Commitment, plus such Lender’s Commitment Percentage of the CAPEX Commitment, by
      (ii) the Revolving Credit Commitment plus the Term Loan Commitment, plus the
      CAPEX Commitment; provided that, from and after the Terminate Date, Pro Rata
      Share shall be the percentage obtained by dividing (A) the principal amount
      of
      such Lender’s Commitment Percentage of the Revolving Credit Exposure, plus the
      principal amount of such Lender’s Commitment Percentage of the CAPEX Draw
      Exposure, plus the unpaid principal amount of such Lender’s Commitment
      Percentage of the Term Loan, plus the unpaid principal amount of such Lender’s
      Commitment Percentage of the CAPEX Term Loan, by (B) the Revolving Credit
      Exposure, plus the CAPEX Draw Exposure plus the unpaid principal amount of
      the
      Term Loan, plus the unpaid principal amount of the CAPEX Term Loan.

    

    “Refunded
      Swing Line Loan” means that term as defined in Section
      2.2.4(c).

    

    “Regulation
      D” means Regulation D of the FRB.

    

    “Regulation
      T” means Regulation T of the FRB

    
      
        
        

      

      
        21

        
          

        

      

      
        
        

      

    

    “Regulation
      U” means Regulation U of the FRB.

    

    “Related
      Agreements” means each of the material agreements, instruments and documents
      executed pursuant to the Related Transactions or executed in connection
      therewith, as any of the foregoing may from time to time be amended, restated
      or
      otherwise modified.

    

    “Related
      Transactions” means (a) the Concord Acquisition, and (b) the Wilmington
      Acquisition. 

    

    “Replacement
      Lender” means that term as defined in Section
      8.7(b).

    

    “Reportable
      Event” means a reportable event as defined in Section 4043 of ERISA as to which
      the PBGC has not waived the notification requirement of Section 4043(a), or
      the
      failure of a Pension Plan to meet the minimum funding standards of Section
      412
      of the Code (without regard to whether the Pension Plan is a plan described
      in
      Section 4021(a)(2) of ERISA) or under Section 302 of ERISA.

    

    “Required
      Lenders” means, at any time, the Lenders whose Pro Rata Shares equal or exceed
      sixty-six and two-thirds percent (66-2/3%) as determined pursuant to subpart
      (d)
      of the definition of “Pro Rata Share”.

    

    “Revolving
      Credit Commitment” means the obligation hereunder, during the applicable
      Commitment Period, of (a) each Revolving Credit Lender to make Revolving Loans,
      (b) the Issuing Lender to issue and each Revolving Credit Lender to participate
      in, Letters of Credit pursuant to the Letter of Credit Commitment, and (c)
      the
      Swing Line Lender to make, and each Revolving Credit Lender to participate
      in,
      Swing Line Loans pursuant to the Swing Line Commitment; up to an aggregate
      amount of the lesser of (i) the Borrowing Base, or (ii) the Maximum Revolving
      Amount.

    

    “Revolving
      Credit Exposure” means, at any time, the sum of (a) the aggregate principal
      amount of all outstanding Revolving Loans, plus (b) the aggregate principal
      amount of all Swing Line Loans, plus (c) the Stated Amount of all Letters of
      Credit.

    

    “Revolving
      Credit Lender” means a Lender with a Pro Rata Share of the Revolving Credit
      Commitment as set forth on Schedule
      1.

    

    “Revolving
      Credit Note” means a Revolving Credit Note, in the form of the attached
Exhibit
      A
      executed
      and delivered pursuant to Section
      3.1(a).

    

    “Revolving
      Loan” means the Loans granted to Borrower by the Revolving Credit Lenders in
      accordance with Section
      2.1.1.

    

    “SEC”
      means the Securities and Exchange Commission or any other governmental authority
      succeeding to any of the principal functions thereof.

     

    
      
        
        

      

      
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    “Secured
      Obligations” means, collectively, (a) the Obligations, (b) the Hedging
      Obligations owing to Lenders (or Affiliates of existing Lenders) under Hedge
      Agreements, and (c) the Bank Product Obligations owing to Lenders (or Affiliates
      of existing Lenders) under Bank Product Agreements.

    

    “Senior
      Officer” means, with respect to any Parent Entity, any of the chief executive
      officer, the chief financial officer, the chief operating officer, the chief
      administrative officer, the treasurer or the controller of such Parent
      Entity.

    

    “Stated
      Amount” means, with respect to any Letter of Credit at any date of
      determination, (a) the maximum aggregate amount available for drawing thereunder
      under any and all circumstances, plus (b) the aggregate amount of all
      unreimbursed payments and disbursements under such Letter of
      Credit.

    

    “Subordinated
      Creditor” means Olden Acquisition, LLC, a Delaware limited liability company, or
      any other Person that shall deliver a Subordination Agreement to Administrative
      Agent and the Lenders subsequent to the Closing Date.

    

    “Subordinated
      Indebtedness” means any unsecured Indebtedness of Borrower which has
      subordination terms, covenants, pricing and other terms which have been approved
      in writing by Agent and the Required Lenders. 

    

    “Subordination
      Agreement” means a Subordination Agreement executed and delivered by a
      Subordinated Creditor in connection with this Agreement, as the same may from
      time to time be amended, restated or otherwise modified.

    

    “Subsidiary”
      means, with respect to any Person, a corporation, partnership, limited liability
      company or other entity of which such Person owns, directly or indirectly,
      such
      number of outstanding Capital Securities as have more than fifty percent (50%)
      of the ordinary voting power for the election of directors or other managers
      of
      such corporation, partnership, limited liability company or other entity. Unless
      the context otherwise requires, each reference to Subsidiaries herein shall
      be a
      reference to Subsidiaries of Borrower.

    

    “Subsidiary
      Guarantor of Payment” means each of the Companies set forth on Schedule
      3
      hereto,
      that are each executing and delivering the Guaranty and Collateral Agreement,
      or
      any other Person that shall deliver a Guaranty and Collateral Agreement to
      Administrative Agent subsequent to the Closing Date.

    

    “Swing
      Line Commitment Amount” means Two Million Five Hundred Thousand Dollars
      ($2,500,000), which commitment constitutes a sublimit of the Revolving Credit
      Commitment.

    

    “Swing
      Line Lender” means LaSalle.

    

    “Swing
      Line Loan” means a loan that shall be denominated in Dollars granted to Borrower
      by the Swing Line Lender, in accordance with Section
      2.2.4.

     

    
      
        
        

      

      
        23

        
          

        

      

      
        
        

      

    

    “Swing
      Line Loan Maturity Date” means, with respect to any Swing Line Loan, the earlier
      of (a) twenty (20) days after the date such Swing Line Loan is made, or (b)
      the
      last day of the Commitment Period applicable to the Revolving Credit
      Commitment.

    

    “Swing
      Line Note” means the Swing Line Note, in the form of the attached Exhibit B
      executed
      and delivered pursuant to Section
      3.1(b).

    

    “Taxes”
      means any and all present and future taxes, duties, levies, imposts, deductions,
      assessments, charges or withholdings, and any and all liabilities (including
      interest and penalties and other additions to taxes) with respect to the
      foregoing, but excluding Excluded Taxes.

    

    “Term
      Loan” means the Loan made to Borrower by the Term Loan Lenders in the original
      principal amount of Twenty-Eight Million Dollars ($28,000,000), in accordance
      with Section
      2.1.3.

    

    “Term
      Loan Commitment” means the obligation hereunder of the Term Loan Lenders to make
      the Term Loan.

    

    “Term
      Loan Lender” means a Lender with a Pro Rata Share of the Term Loan Commitment as
      set forth on Schedule
      1.

    

    “Term
      Loan Maturity Date” means the earlier of (a) October 2, 2011 or (b) the
      Termination Date.

    

    “Term
      Note” means a Term Note, in the form of the attached Exhibit
      C
      executed
      and delivered pursuant to Section
      3.1(c).

    

    “Termination
      Date” means the earlier to occur of (a) October 2, 2011, or (b) such other
      date on which the Commitment terminates pursuant to Article
      VI
      or
Article
      XIII.

    

    “Termination
      Event” means, with respect to a Pension Plan that is subject to Title IV of
      ERISA, (a) a Reportable Event, (b) the withdrawal of a Parent Entity or any
      other member of the Controlled Group from such Pension Plan during a plan year
      in which such Parent Entity or any other member of the Controlled Group was
      a
“substantial employer” as defined in Section 4001(a)(2) of ERISA or was deemed
      such under Section 4068(f) of ERISA, (c) the termination of such Pension Plan,
      the filing of a notice of intent to terminate the Pension Plan or the treatment
      of an amendment of such Pension Plan as a termination under Section 4041 of
      ERISA, (d) the institution by the PBGC of proceedings to terminate such Pension
      Plan, or (e) any event or condition that might constitute grounds under Section
      4042 of ERISA for the termination of, or appointment of a trustee to administer,
      such Pension Plan.

    

    “Total
      Commitment Amount” means the principal amount of Forty Million Dollars
      ($40,000,000) (or such lesser amount as shall be determined pursuant to
Section
      6.1
      or
6.2).

     

    
      
        
        

      

      
        24

        
          

        

      

      
        
        

      

    

    “Total
      Debt to EBITDA Ratio” means, as of the last day of any Fiscal Quarter, the ratio
      of (a) Consolidated Total Funded Debt as of such day, to (b) Consolidated EBITDA
      for the Computation Period ending on such day.

    

    “Total
      Plan Liability” means, at any time, the present value of all vested and unvested
      accrued benefits under all Pension Plans, determined as of the then most recent
      valuation date for each Pension Plan, using PBGC actuarial assumptions for
      single employer plan terminations.

    

    “Type”
      means that term as defined in Section
      2.2.1.

    

    “UCC”
      means that term as defined in the Guaranty and Collateral Agreement.

    

    “Unfunded
      Liability” means the amount (if any) by which the present value of all vested
      and unvested accrued benefits under all Pension Plans exceeds the fair market
      value of all assets allocable to those benefits, all determined as of the then
      most recent valuation date for each Pension Plan, using PBGC actuarial
      assumptions for single employer plan terminations.

    

    “Voting
      Power” shall mean, with respect to any Person, the exclusive ability to control,
      through the ownership of shares of capital stock, partnership interests,
      membership interests or otherwise, the election of members of the board of
      directors or other similar governing body of such Person. The holding of a
      designated percentage of Voting Power of a Person means the ownership of shares
      of capital stock, partnership interests, membership interests or other interests
      of such Person sufficient to control exclusively the election of that percentage
      of the members of the board of directors or similar governing body of such
      Person.

    

    “Wilmington
      Acquisition” means the proposed acquisition by Concord of certain assets of the
      Philadelphia-based Wilmington Steel Processing Co., Inc. prior to the Closing
      Date.

    

    “Withholding
      Certificate” means that term as defined in Section
      7.6(d).

    

    Section
      1.2. Other
      Interpretive Provisions.
      With
      reference to this Agreement and each other Loan Document, unless otherwise
      specified herein or in such other Loan Document:

    

    (a) The
      meanings of defined terms are equally applicable to the singular and plural
      forms of the defined terms.

    

    (b) Section,
      Annex, Schedule, Article and Exhibit references are to this Agreement unless
      otherwise specified.

    

    (c) The
      term
“including” is not limiting and means “including without
      limitation”.

    

    (d) Unless
      otherwise expressly provided herein, (i) references to agreements
      (including this Agreement and the other Loan Documents) and other contractual
      instruments shall be deemed to include all subsequent amendments, restatements,
      supplements and other modifications thereto, but only to the extent such
      amendments, restatements, supplements and other modifications are not prohibited
      by the terms of any Loan Document, and (ii) references to any statute or
      regulation shall be construed as including all statutory and regulatory
      provisions amending, replacing, supplementing or interpreting such statute
      or
      regulation.

     

    
      
        
        

      

      
        25

        
          

        

      

      
        
        

      

    

    (e) This
      Agreement and the other Loan Documents may use several different limitations,
      tests or measurements to regulate the same or similar matters. All such
      limitations, tests and measurements are cumulative and each shall be performed
      in accordance with their respective terms.

    

    (f) This
      Agreement and the other Loan Documents are the result of negotiations among
      and
      have been reviewed by counsel to Administrative Agent, Borrower, the Lenders
      and
      the other parties thereto and are the products of all parties. Accordingly,
      they
      shall not be construed against Administrative Agent or the Lenders merely
      because of the involvement of Administrative Agent or the Lenders in their
      preparation.

    

    ARTICLE
      II. COMMITMENTS OF THE LENDERS;

    BORROWING,
      CONVERSION AND LETTER OF CREDIT PROCEDURES.

    

    Section
      2.1. Commitments.
      On and
      subject to the terms and conditions of this Agreement, each of the Lenders,
      severally and for itself alone, agrees to make Loans to, make or participate
      in
      Swing Loans for the account of, and to issue or participate in Letters of Credit
      for the account of, Borrower as follows:

    

    2.1.1.
      Revolving
      Credit Commitment.
      Each
      Revolving Credit Lender agrees to make Revolving Loans from time to time until
      the Termination Date in such Lender’s Pro Rata Share of such aggregate amounts
      as Borrower may request; provided that the Revolving Credit Exposure will not
      at
      any time exceed the Revolving Credit Commitment. Subject
      to the provisions of this Agreement, Borrower shall be entitled under this
      Section
      2.1.1
      to
      borrow funds, repay the same in whole or in part and re-borrow hereunder at
      any
      time and from time to time during the applicable Commitment Period.

    

    2.1.2.
      Term
      Loan Commitment.
      Each
      Term Loan Lender agrees to participate in the making of the Term Loan to
      Borrower on the Closing Date in the amount of such Lender’s Pro Rata Share of
      the Term Loan Commitment. The Commitment of the Lenders to make the Term Loan
      shall expire concurrently with the making of the Term Loan on the Closing
      Date.

    

    2.1.3.
      CAPEX
      Commitment.
      

    

    (a) Each
      CAPEX Lender agrees to make CAPEX Draw Loans from time to time until the CAPEX
      Conversion Date in such Lender’s Pro Rata Share of such aggregate amounts as
      Borrower may request; provided that the CAPEX Draw Exposure will not at any
      time
      exceed CAPEX Draw Facility Commitment. Once
      CAPEX Draw Loans are made, such CAPEX Draw Loans may not be repaid and
      reborrowed. 

    

    (b) On
      the
      CAPEX Conversion Date, all CAPEX Draw Loans outstanding on such date shall
      be
      refinanced by the CAPEX Lenders with the CAPEX Term Loan. On the CAPEX
      Conversion Date, the CAPEX Draw Facility Commitment shall be automatically
      terminated, and, on and after the CAPEX Conversion Date, CAPEX Draw Loans shall
      no longer be available. Each CAPEX Lender agrees to participate in the making
      of
      the CAPEX Term Loan to Borrower on the CAPEX Conversion Date in the amount
      of
      such Lender’s Pro Rata Share of the CAPEX Commitment. The CAPEX Commitment of
      the Lenders to make the CAPEX Term Loan shall expire concurrently with the
      making of the CAPEX Term Loan on the CAPEX Conversion Date.

     

    
      
        
        

      

      
        26

        
          

        

      

      
        
        

      

    

    2.1.4.
      L/C
      Commitment.
      Subject
      to Section
      2.3.1,
      the
      Issuing Lender agrees to issue Letters of Credit, in each case containing such
      terms and conditions as are permitted by this Agreement and are reasonably
      satisfactory to the Issuing Lender, at the request of and for the account of
      Borrower from time to time before the scheduled Termination Date and, as more
      fully set forth in Section 2.3.2,
      each
      Lender agrees to purchase a participation in each such Letter of Credit;
      provided that (a) the aggregate Stated Amount of all Letters of Credit shall
      not
      at any time exceed the Letter of Credit Commitment, and (b) the Revolving
      Credit Exposure shall not at any time exceed the Revolving Credit
      Commitment.

    

    Section
      2.2. Loan
      Procedures.
      

    

    2.2.1.
      Various
      Types of Loans.
      Each
      Revolving Loan and CAPEX Draw Loan shall be, and the Term Loan and the CAPEX
      Term Loan may be divided into tranches that are, either a Base Rate Loan or
      a
      LIBOR Loan (each a “Type” of Loan), as Borrower shall specify in the related
      Notice of Borrowing or Notice of Conversion/Continuation pursuant to
Section 2.2.2
      or 2.2.3.
      LIBOR
      Loans having the same Interest Period which expire on the same day are sometimes
      called a “Group” or collectively “Groups”. Base Rate Loans and LIBOR Loans may
      be outstanding at the same time, provided that not more than eight different
      Groups of LIBOR Loans shall be outstanding at any one time. All borrowings,
      conversions and repayments of Revolving Loans shall be effected so that each
      Lender will have a ratable share (according to its Pro Rata Share) of all types
      and Groups of Loans.

    

    2.2.2.
      Borrowing
      Procedures.
      Borrower shall give a Notice of Borrowing, or telephonic notice (followed
      promptly by a Notice of Borrowing; provided that the lack of such prompt
      notification shall not affect the conclusiveness or binding effect of such
      telephonic notice) to Administrative Agent of each proposed borrowing not later
      than (a) in the case of a Base Rate borrowing, 1:00 P.M. (Eastern
      Time) on the proposed date of such borrowing, and (b) in the case of a
      LIBOR borrowing, 1:00 P.M. (Eastern Time) at least three Business Days
      prior to the proposed date of such borrowing. Each such notice shall be
      effective upon receipt by Administrative Agent, shall be irrevocable, and shall
      specify the date, amount and type of borrowing and, in the case of a LIBOR
      borrowing, the initial Interest Period therefor. Promptly upon receipt of such
      notice, Administrative Agent shall advise each Lender thereof. Not later than
      2:00 P.M. (Eastern Time) on the date of a proposed borrowing, each Lender shall
      provide Administrative Agent at the office specified by Administrative Agent
      with immediately available funds covering such Lender’s Pro Rata Share of such
      borrowing and, so long as Administrative Agent has not received written notice
      that the conditions precedent set forth in Article
      XI
      with
      respect to such borrowing have not been satisfied, Administrative Agent shall
      pay over the funds received by Administrative Agent to Borrower on the requested
      borrowing date. Each borrowing shall be on a Business Day. Each Base Rate
      borrowing shall be in an aggregate amount of at least Two Hundred Fifty Thousand
      Dollars ($250,000) and an integral multiple of Fifty Thousand Dollars ($50,000),
      and each LIBOR borrowing shall be in an aggregate amount of at least Five
      Hundred Thousand Dollars ($500,000) and an integral multiple of at least One
      Hundred Thousand Dollars ($100,000).

     

    
      
        
        

      

      
        27

        
          

        

      

      
        
        

      

    

    2.2.3.
      Conversion
      and Continuation Procedures.

    

    (a) Subject
      to Section
      2.2.1,
      Borrower may, upon irrevocable written notice to Administrative Agent in
      accordance with subpart (b) below:

    

    (i) elect,
      as
      of any Business Day, to convert any Base Rate Loan in an aggregate amount not
      less than Five Hundred Thousand Dollars ($500,000) or a higher integral multiple
      of One Hundred Thousand Dollars ($100,000)) into a LIBOR Loan; or

    

    (ii) elect,
      as
      of the last day of the applicable Interest Period, to (A) continue any LIBOR
      Loan having an Interest Period expiring on such day (or any part thereof in
      an
      aggregate amount not less than Two Hundred Fifty Thousand Dollars ($250,000)
      or
      a higher integral multiple of Fifty Thousand Dollars ($50,000)) for a new
      Interest Period, or (B) convert such LIBOR Loan to a Base Rate
      Loan.

    

    (b) Borrower
      shall give a Notice of Conversion/Continuation, or telephonic notice (followed
      promptly by a Notice of Conversion/Continuation; provided that the lack of
      such
      prompt notification shall not affect the conclusiveness or binding effect of
      such telephonic notice) to Administrative Agent of each proposed conversion
      or
      continuation not later than (i) in the case of conversion into Base Rate Loans,
      1:00 P.M. (Eastern Time) on the proposed date of such conversion, and (ii)
      in
      the case of conversion into or continuation of LIBOR Loans, 1:00 P.M.
      (Eastern Time) at least three Business Days prior to the proposed date of such
      conversion or continuation, specifying in each case:

    

    (A) the
      proposed date of conversion or continuation;

    

    (B) the
      aggregate amount of Loans to be converted or continued;

    

    (C) the
      type
      of Loans resulting from the proposed conversion or continuation;
      and

    

    (D) in
      the
      case of conversion into, or continuation of, a LIBOR Loan, the duration of
      the
      requested Interest Period therefor.

    

    (c) If,
      upon
      the expiration of the Interest Period applicable to a LIBOR Loan, Borrower
      has
      failed to timely select a new Interest Period to be applicable to such LIBOR
      Loan, Borrower shall be deemed to have elected to convert such LIBOR Loan into
      a
      Base Rate Loan effective on the last day of such Interest Period.

     

    
      
        
        

      

      
        28

        
          

        

      

      
        
        

      

    

    (d) Administrative
      Agent will promptly notify each Lender of its receipt of a Notice of
      Conversion/Continuation pursuant to this Section
      2.2.3
      or, if
      no timely notice is provided by Borrower, of the details of any automatic
      conversion.

    

    (e) Any
      conversion of a LIBOR Loan on a day other than the last day of an Interest
      Period therefor shall be subject to Section
      8.4.

    

    2.2.4.
      Swing
      Line Facility.

    

    (a) Administrative
      Agent shall notify the Swing Line Lender upon Administrative Agent’s receipt of
      any Notice of Borrowing. Subject to the terms and conditions hereof, the Swing
      Line Lender may make Swing Line Loans available from time to time until the
      Termination Date in accordance with any such notice, so long as, after making
      such requested Swing Line Loan, the aggregate amount of Swing Line Loans
      outstanding would not exceed the Commitment Amount and the Revolving Credit
      Exposure would not exceed the Revolving Credit Commitment. (For purposes of
      clarification, to the extent the Swing Line Lender is also a Revolving Credit
      Lender, Swing Line Loans made by the Swing Line Lender shall not be included
      in
      the calculation of such Revolving Credit Lender’s Commitment Percentage of the
      Revolving Credit Commitment (other than any participation obligations as a
      Revolving Credit Lender), and the Swing Line Lender’s making of a Swing Line
      Loan does not constitute the making of a Revolving Loan by such Lender in its
      capacity as a Revolving Credit Lender.) The provisions of this Section
      2.2.4
      shall
      not relieve the Lenders of their obligations to make Revolving Loans under
      Section
      2.1.1;
      provided that, if the Swing Line Lender makes a Swing Line Loan pursuant to
      any
      such notice, such Swing Line Loan shall be in lieu of any Revolving Loan that
      otherwise may be made by the Lenders pursuant to such notice. Until the
      Termination Date, Borrower may from time to time borrow, repay and reborrow
      under this Section
      2.2.4.
      Each
      Swing Line Loan shall be made pursuant to a Notice of Borrowing delivered by
      Borrower to Administrative Agent in accordance with Section
      2.2.2.
      Any
      such notice must be given no later than 3:00 P.M. (Eastern Time) on the Business
      Day of the proposed Swing Line Loan. Unless the Swing Line Lender has received
      at least one Business Day’s prior written notice from the Required Lenders
      instructing it not to make a Swing Line Loan, the Swing Line Lender shall,
      notwithstanding the failure of any condition precedent set forth in Section
      12.2,
      be
      entitled to fund that Swing Line Loan, and to have such Lender make Revolving
      Loans in accordance with Section
      2.2.4(c)
      or
      purchase participating interests in accordance with Section
      2.2.4(d).
      Notwithstanding any other provision of this Agreement or the other Loan
      Documents, each Swing Line Loan shall constitute a Base Rate Loan. Borrower
      shall repay the aggregate outstanding principal amount of each Swing Line Loan
      upon demand therefor by Administrative Agent.

    

    (b) The
      entire unpaid balance of each Swing Line Loan and all other noncontingent
      Obligations shall be immediately due and payable in full in immediately
      available funds on the Termination Date, if not sooner paid in
      full.

    

    (c) The
      Swing
      Line Lender, at any time and from time to time, may, on behalf of Borrower
      (and
      Borrower hereby irrevocably authorizes the Swing Line Lender to so act on its
      behalf), request each Revolving Credit Lender (including the Swing Line Lender)
      to make a Revolving Loan to Borrower (which shall be a Base Rate Loan) in an
      amount equal to that Lender’s Pro Rata Share of the principal amount of such
      Swing Line Loan (the “Refunded Swing Line Loan”). Unless any of the events
      described in Section
      13.1.4
      has
      occurred (in which event the procedures of Section
      2.2.4(d)
      shall
      apply) and regardless of whether the conditions precedent set forth in this
      Agreement to the making of a Revolving Loan are then satisfied, each Lender
      shall disburse directly to Administrative Agent, its Pro Rata Share on behalf
      of
      the Swing Line Lender, prior to 3:00 P.M. (Eastern Time) in immediately
      available funds on the date that notice is given (provided that such notice
      is
      given by 1:00 P.M. (Eastern Time) on such date). The proceeds of such Revolving
      Loans shall be immediately paid to the Swing Line Lender and applied to repay
      the Refunded Swing Line Loan. 

     

    
      
        
        

      

      
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    (d) If,
      prior
      to refunding a Swing Line Loan with a Revolving Loan pursuant to Section
      2.2.4(c),
      one of
      the events described in Section
      13.1.4
      has
      occurred, then, subject to the provisions of Section
      2.2.4(e)
      below,
      each Lender shall, on the date such Revolving Loan was to have been made,
      purchase from the Swing Line Lender an undivided participation interest in
      the
      Swing Line Loan in an amount equal to its Pro Rata Share of such Swing Line
      Loan. Upon request, each Lender shall promptly transfer to the Swing Line
      Lender, in immediately available funds, the amount of its participation
      interest.

    

    (e) Each
      Lender’s obligation to make Revolving Loans in accordance with Section
      2.2.4(c)
      and to
      purchase participation interests in accordance with Section
      2.2.4(d)
      shall be
      absolute and unconditional and shall not be affected by any circumstance,
      including (i) any setoff, counterclaim, recoupment, defense or other right
      that
      such Lender may have against the Swing Line Lender, Borrower or any other Person
      for any reason whatsoever; (ii) the occurrence or continuance of any Default
      or
      Event of Default; (iii) any inability of Borrower to satisfy the conditions
      precedent to borrowing set forth in this Agreement at any time; or (iv) any
      other circumstance, happening or event whatsoever, whether or not similar to
      any
      of the foregoing. If, and to the extent, any Lender shall not have made such
      amount available to Administrative Agent or the Swing Line Lender, as
      applicable, by 3:00 P.M. (Eastern Time) the amount required pursuant to
Sections
      2.2.4(c)
      or
2.2.4(d),
      as the
      case may be, on the Business Day on which such Lender receives notice from
      Administrative Agent of such payment or disbursement (it being understood that
      any such notice received after 2:00 P.M. (Eastern Time) on any Business Day
      shall be deemed to have been received on the next following Business Day),
      such
      Lender agrees to pay interest on such amount to Administrative Agent for the
      Swing Line Lender’s account forthwith on demand, for each day from the date such
      amount was to have been delivered to Administrative Agent to the date such
      amount is paid, at a rate per annum equal to (i) for the first three days after
      demand, the Federal Funds Rate from time to time in effect, and (ii) thereafter,
      the Base Rate from time to time in effect.

    

    Section
      2.3. Letter
      of Credit Procedures.

    

    2.3.1.
      L/C
      Applications.
      Borrower shall execute and deliver to the Issuing Lender the Master Letter
      of
      Credit Agreement from time to time in effect. Borrower shall give notice to
      Administrative Agent and the Issuing Lender of the proposed issuance of each
      Letter of Credit on a Business Day which is at least three Business Days (or
      such lesser number of days as Administrative Agent and the Issuing Lender shall
      agree in any particular instance in their sole discretion) prior to the proposed
      date of issuance of such Letter of Credit. Each such notice shall be accompanied
      by an L/C Application, duly executed by Borrower and in all respects
      satisfactory to Administrative Agent and the Issuing Lender, together with
      such
      other documentation as Administrative Agent or the Issuing Lender may request
      in
      support thereof, it being understood that each L/C Application shall specify,
      among other things, the date on which the proposed Letter of Credit is to be
      issued, the expiration date of such Letter of Credit (which shall not be later
      than the earlier of (a) one year after its date of issuance, provided that,
      such
      Letter of Credit may provide for the renewal thereof for additional one year
      periods, or (b) seven days prior to the scheduled Termination Date (unless
      such
      Letter of Credit is Cash Collateralized)) and whether such Letter of Credit
      is
      to be transferable in whole or in part. Any Letter of Credit outstanding after
      the scheduled Termination Date which is Cash Collateralized for the benefit
      of
      the Issuing Lender shall be the sole responsibility of the Issuing Lender.
      So
      long as the Issuing Lender has not received written notice that the conditions
      precedent set forth in Section
      12
      with
      respect to the issuance of such Letter of Credit have not been satisfied, the
      Issuing Lender shall issue such Letter of Credit on the requested issuance
      date.
      The Issuing Lender shall promptly advise Administrative Agent of the issuance
      of
      each Letter of Credit and of any amendment thereto, extension thereof or event
      or circumstance changing the amount available for drawing thereunder. In the
      event of any inconsistency between the terms of the Master Letter of Credit
      Agreement, any L/C Application and the terms of this Agreement, the terms of
      this Agreement shall control.

     

    
      
        
        

      

      
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    2.3.2.
      Participations
      in Letters of Credit.
      Concurrently with the issuance of each Letter of Credit, the Issuing Lender
      shall be deemed to have sold and transferred to each Revolving Credit Lender,
      and each such Revolving Credit Lender shall be deemed irrevocably and
      unconditionally to have purchased and received from the Issuing Lender, without
      recourse or warranty, an undivided interest and participation, to the extent
      of
      such Lender’s Pro Rata Share, in such Letter of Credit and Borrower’s
      reimbursement obligations with respect thereto. (For purposes of clarification,
      to the extent the Issuing Lender is also a Revolving Credit Lender, Letters
      of
      Credit issued by the Issuing Lender shall not be included in the calculation
      of
      such Revolving Credit Lender’s Commitment Percentage of the Revolving Credit
      Commitment (other than any participation obligations as a Revolving Credit
      Lender).) If Borrower does not pay any reimbursement obligation when due,
      Borrower shall be deemed to have immediately requested that the Revolving Credit
      Lenders make a Revolving Loan which is a Base Rate Loan in a principal amount
      equal to such reimbursement obligations. Administrative Agent shall promptly
      notify such Revolving Credit Lenders of such deemed request and, without the
      necessity of compliance with the requirements of Section
      2.2.2,
      Section
      12.2
      or
      otherwise such Lender shall make available to Administrative Agent its Pro
      Rata
      Share of such Revolving Loan. The proceeds of such Revolving Loan shall be
      paid
      over by Administrative Agent to the Issuing Lender for the account of Borrower
      in satisfaction of such reimbursement obligations. For the purposes of this
      Agreement, the unparticipated portion of each Letter of Credit shall be deemed
      to be the Issuing Lender’s “participation” therein. The Issuing Lender hereby
      agrees, upon request of Administrative Agent or any Revolving Credit Lender,
      to
      deliver to Administrative Agent or such Revolving Credit Lender a list of all
      outstanding Letters of Credit issued by the Issuing Lender, together with such
      information related thereto as Administrative Agent or such Revolving Credit
      Lender may reasonably request.

     

    
      
        
        

      

      
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    2.3.3.
      Reimbursement
      Obligations.

    

    (a) Borrower
      hereby unconditionally and irrevocably agrees to reimburse the Issuing Lender
      for each payment or disbursement made by the Issuing Lender under any Letter
      of
      Credit honoring any demand for payment made by the beneficiary thereunder,
      in
      each case on the date that such payment or disbursement is made. Any amount
      not
      reimbursed on the date of such payment or disbursement shall bear interest
      from
      the date of such payment or disbursement to the date that the Issuing Lender
      is
      reimbursed by Borrower therefor, payable on demand, at a rate per annum equal
      to
      the Derived Base Rate from time to time in effect plus, beginning on the third
      Business Day after receipt of notice from the Issuing Lender of such payment
      or
      disbursement, two percent (2%). The Issuing Lender shall notify Borrower and
      Administrative Agent whenever any demand for payment is made under any Letter
      of
      Credit by the beneficiary thereunder; provided that the failure of the Issuing
      Lender to so notify Borrower or Administrative Agent shall not affect the rights
      of the Issuing Lender or the Lenders in any manner whatsoever.

    

    (b) Borrower’s
      reimbursement obligations hereunder shall be irrevocable and unconditional
      under
      all circumstances, including (i) any lack of validity or enforceability of
      any
      Letter of Credit, this Agreement or any other Loan Document, (ii) the existence
      of any claim, set-off, defense or other right which any Credit Party may have
      at
      any time against a beneficiary named in a Letter of Credit, any transferee
      of
      any Letter of Credit (or any Person for whom any such transferee may be acting),
      Administrative Agent, the Issuing Lender, any Lender or any other Person,
      whether in connection with any Letter of Credit, this Agreement, any other
      Loan
      Document, the transactions contemplated herein or any unrelated transactions
      (including any underlying transaction between any Credit Party and the
      beneficiary named in any Letter of Credit), (iii) the validity, sufficiency
      or
      genuineness of any document which the Issuing Lender has determined complies
      on
      its face with the terms of the applicable Letter of Credit, even if such
      document should later prove to have been forged, fraudulent, invalid or
      insufficient in any respect or any statement therein shall have been untrue
      or
      inaccurate in any respect, or (iv) the surrender or impairment of any security
      for the performance or observance of any of the terms hereof. Without limiting
      the foregoing, no action or omission whatsoever by Administrative Agent or
      any
      Lender (excluding any Lender in its capacity as the Issuing Lender) under or
      in
      connection with any Letter of Credit or any related matters shall result in
      any
      liability of Administrative Agent or any Lender to Borrower, or relieve Borrower
      of any of its obligations hereunder to any such Person.

    

    2.3.4.
      Funding
      by the Lenders to Issuing Lender.
      If the
      Issuing Lender makes any payment or disbursement under any Letter of Credit
      and
      (a) Borrower has not reimbursed the Issuing Lender in full for such payment
      or
      disbursement by 1:00 P.M. (Eastern Time) on the date of such payment or
      disbursement, (b) a Revolving Loan may not be made in accordance with
Section
      2.3.2,
      or (c)
      any reimbursement received by the Issuing Lender from Borrower is or must be
      returned or rescinded upon or during any bankruptcy or reorganization of
      Borrower or otherwise, each other Lender with a Revolving Credit Commitment
      shall be obligated to pay to Administrative Agent for the account of the Issuing
      Lender, in full or partial payment of the purchase price of its participation
      in
      such Letter of Credit, its Pro Rata Share of such payment or disbursement (but
      no such payment shall diminish the obligations of Borrower under Section 2.3.3),
      and,
      upon notice from the Issuing Lender, Administrative Agent shall promptly notify
      each other Lender thereof. Each other Lender irrevocably and unconditionally
      agrees to so pay to Administrative Agent in immediately available funds for
      the
      Issuing Lender’s account the amount of such other Lender’s Pro Rata Share of
      such payment or disbursement. If, and to the extent, any Lender shall not have
      made such amount available to Administrative Agent by 3:00 P.M. (Eastern Time)
      on the Business Day on which such Lender receives notice from Administrative
      Agent of such payment or disbursement (it being understood that any such notice
      received after 2:00 P.M. (Eastern Time) on any Business Day shall be deemed
      to
      have been received on the next following Business Day), such Lender agrees
      to
      pay interest on such amount to Administrative Agent for the Issuing Lender’s
      account forthwith on demand, for each day from the date such amount was to
      have
      been delivered to Administrative Agent to the date such amount is paid, at
      a
      rate per annum equal to (a) for the first three days after demand, the Federal
      Funds Rate from time to time in effect, and (b) thereafter, the Base Rate from
      time to time in effect. Any Lender’s failure to make available to Administrative
      Agent its Pro Rata Share of any such payment or disbursement shall not relieve
      any other Lender of its obligation hereunder to make available to Administrative
      Agent such other Lender’s Pro Rata Share of such payment, but no Lender shall be
      responsible for the failure of any other Lender to make available to
      Administrative Agent such other Lender’s Pro Rata Share of any such payment or
      disbursement.

     

    
      
        
        

      

      
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    Section
      2.4. Commitments
      Several.
      The
      failure of any Lender to make a requested Loan on any date shall not relieve
      any
      other Lender of its obligation (if any) to make a Loan on such date, but no
      Lender shall be responsible for the failure of any other Lender to make any
      Loan
      to be made by such other Lender.

    

    Section
      2.5. Certain
      Conditions.
      Except
      as otherwise provided in Sections
      2.2.4
      and
2.3.4
      of this
      Agreement, no Lender (including the Swing Line Lender) shall have an obligation
      to make any Loan, or to permit the continuation of or any conversion into any
      LIBOR Loan, and the Issuing Lender shall not have any obligation to issue any
      Letter of Credit, if a Default or Event of Default exists and is
      continuing.

    

    ARTICLE
      III. EVIDENCING OF LOANS.

    

    Section
      3.1. Notes.
      

    

    (a) Revolving
      Loans.
      To
      evidence the obligation of Borrower to repay the Revolving Loans made by each
      Revolving Credit Lender and to pay interest thereon, Borrower shall execute
      a
      Revolving Credit Note, payable to the order of such Revolving Credit Lender
      in
      the principal amount of such Revolving Credit Lender’s Commitment Percentage of
      the Maximum Revolving Amount, or, if less, the aggregate unpaid principal amount
      of Revolving Loans made by such Revolving Credit Lender.

    

    (b) Swing
      Loan.
      To
      evidence the obligation of Borrower to repay the Swing Line Loans and to pay
      interest thereon, Borrower shall execute a Swing Line Note, payable to the
      order
      of the Swing Line Lender in the principal amount of the Swing Line Commitment
      Amount, or, if less, the aggregate unpaid principal amount of Swing Line Loans
      made by the Swing Line Lender.

     

    
      
        
        

      

      
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    (c) Term
      Loan.
      To
      evidence the obligation of Borrower to repay the portion of the Term Loan made
      by each Term Loan Lender and to pay interest thereon, Borrower shall execute
      a
      Term Note, payable to the order of such Term Loan Lender in the principal amount
      of its Commitment Percentage of the Term Loan Commitment.

    

    (d) CAPEX
      Loans.
      To
      evidence the obligation of Borrower to repay the CAPEX Loans made by each CAPEX
      Lender and to pay interest thereon, Borrower shall execute a CAPEX Note, payable
      to the order of such CAPEX Lender in the principal amount of its Commitment
      Percentage of the CAPEX Commitment. 

    

    Section
      3.2. Recordkeeping.
      Administrative Agent, on behalf of each Lender, shall record in its records,
      the
      date, amount and Type of each Loan made by each Lender, each repayment or
      conversion thereof and, in the case of each LIBOR Loan, the dates on which
      each
      Interest Period for such Loan shall begin and end. The aggregate unpaid
      principal amount so recorded shall be rebuttably presumptive evidence of the
      principal amount of the Loans owing and unpaid, absent demonstrable error.
      The
      failure to so record any such amount or any error in so recording any such
      amount shall not, however, limit or otherwise affect the Obligations of Borrower
      hereunder or under any Note to repay the principal amount of the Loans
      hereunder, together with all interest accruing thereon.

    

    ARTICLE
      IV. INTEREST.

    

    Section
      4.1. Interest
      Rates.
      

    

    (a) Generally.
      Borrower promises to pay interest on the unpaid principal amount of each Loan
      for the period commencing on the date of such Loan until such Loan is paid
      in
      full as follows:

    

    (i) at
      all
      times while such Loan is a Base Rate Loan, at a rate per annum equal to the
      Derived Base Rate; and

    

    (ii) at
      all
      times while such Loan is a LIBOR Loan, at a rate per annum equal to the Derived
      LIBOR Rate applicable to each Interest Period for such Loan.

    

    (b) Default
      Rate.
      Anything herein to the contrary notwithstanding, if an Event of Default shall
      occur and be continuing, upon the election of the Required Lenders, (i) the
      principal of each Loan and the unpaid interest thereon shall bear interest,
      until paid, at the Default Rate, (ii) the fee for the aggregate undrawn amount
      of all issued and outstanding Letters of Credit shall be increased by two
      percent (2%) in excess of the rate otherwise applicable thereto, and (iii)
      in
      the case of any other amount not paid when due from Borrower hereunder or under
      any other Collateral Document, such amount shall bear interest at the Default
      Rate;
      provided that, during an Event of Default under Sections 13.1.1
      or
13.1.4,
      the
      applicable Default Rate shall apply without any election or action on the part
      of Administrative Agent or any Lender.

     

    
      
        
        

      

      
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    Section
      4.2. Interest
      Payment Dates.
      Accrued
      interest on each Base Rate Loan shall be payable in arrears on the last day
      of
      each calendar quarter and at maturity. Accrued interest on each LIBOR Loan
      shall
      be payable on the last day of each Interest Period relating to such Loan (and,
      in the case of a LIBOR Loan with an Interest Period in excess of three months,
      on the three-month anniversary of the first day of such Interest Period), upon
      a
      prepayment of such Loan, and at maturity. After maturity, and at any time an
      Event of Default exists and is continuing, accrued interest on all Loans shall
      be payable on demand.

    

    Section
      4.3. Setting
      and Notice of LIBOR Rates.
      The
      applicable LIBOR Rate for each Interest Period shall be determined by
      Administrative Agent, and notice thereof shall be given by Administrative Agent
      promptly to Borrower and each Lender. Each determination of the applicable
      LIBOR
      Rate by Administrative Agent shall be conclusive and binding upon the parties
      hereto, in the absence of demonstrable error. Administrative Agent shall, upon
      written request of Borrower or any Lender, deliver to Borrower or such Lender
      a
      statement showing the computations used by Administrative Agent in determining
      any applicable LIBOR Rate hereunder.

    

    Section
      4.4. Computation
      of Interest.
      Interest shall be computed for the actual number of days elapsed on the basis
      of
      a year of 360 days. The applicable interest rate for each Base Rate Loan shall
      change simultaneously with each change in the Base Rate.

    

    Section
      4.5. Limitation
      on Interest.
      In no
      event shall the rate of interest hereunder exceed the maximum rate allowable
      by
      law. Notwithstanding anything to the contrary contained in any Loan Document,
      the interest paid or agreed to be paid under the Loan Documents shall not exceed
      the maximum rate of non-usurious interest permitted by applicable law (the
      “Maximum Rate”). If Administrative Agent or any Lender shall receive interest in
      an amount that exceeds the Maximum Rate, the excess interest shall be applied
      to
      the principal of the Loans or, if it exceeds such unpaid principal, refunded
      to
      Borrower. In determining whether the interest contracted for, charged, or
      received by Administrative Agent or a Lender exceeds the Maximum Rate, such
      Person may, to the extent permitted by applicable law, (a) characterize any
      payment that is not principal as an expense, fee, or premium rather than
      interest, (b) exclude voluntary prepayments and the effects thereof, and (c)
      amortize, prorate, allocate, and spread in equal or unequal parts the total
      amount of interest throughout the contemplated term of the
      Obligations.

    

    ARTICLE
      V. FEES.

    

    Section
      5.1. Non-Use
      Fee.
      Borrower agrees to pay to Administrative Agent, for the ratable account of
      the
      Lenders, a non-use fee (“Non-Use Fee”), for the period from the Closing Date to
      and including the Termination Date, at a rate per annum equal to the Non-Use
      Fee
      Rate in effect from time to time, multiplied by (as adjusted from time to time)
      the unused amount of the average daily Maximum Revolving Amount in effect during
      the Fiscal Quarter. For purposes of calculating usage under this Section, the
      Revolving Credit Commitment shall be deemed used to the extent of Revolving
      Credit Exposure (exclusive of the aggregate outstanding principal amount of
      all
      Swing Line Loans). Such Non-Use Fee shall be payable in arrears on the last
      day
      of each calendar quarter and on the Termination Date. The Non-Use Fee shall
      be
      computed for the actual number of days elapsed on the basis of a year of three
      hundred sixty (360) days.

    
      
        
        

      

      
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    Section
      5.2. Letter
      of Credit Fees.

    

    (a) Borrower
      agrees to pay to Administrative Agent, for the ratable account of the Lenders,
      a
      letter of credit fee for each Letter of Credit equal to the L/C Fee Rate in
      effect from time to time multiplied by the undrawn amount of such Letter of
      Credit (computed for the actual number of days elapsed on the basis of a year
      of
      three hundred sixty (360) days); provided that, unless the Required Lenders
      otherwise consent, the rate applicable to each Letter of Credit shall be
      increased by two percent (2%) at any time that an Event of Default exists.
      Such
      letter of credit fee shall be payable in arrears on the last day of each
      calendar quarter and on the Termination Date (or such later date on which such
      Letter of Credit expires or is terminated) for the period from the date of
      the
      issuance of each Letter of Credit (or the last day on which the letter of credit
      fee was paid with respect thereto) to the date such payment is due or, if
      earlier, the date on which such Letter of Credit expired or was
      terminated.

    

    (b) In
      addition, with respect to each Letter of Credit, Borrower agrees to pay to
      the
      Issuing Lender, for its own account, (i) such fees and expenses as the Issuing
      Lender customarily requires in connection with the issuance, negotiation,
      processing and/or administration of letters of credit in similar situations,
      and
      (ii) a letter of credit fronting fee which
      shall be paid on each date that such Letter of Credit shall be issued, amended
      or renewed at the rate of one-eighth percent (1/8%) of the face amount of such
      Letter of Credit.

    

    Section
      5.3. Administrative
      Agent Fees.
      Borrower agrees to pay to Administrative Agent, for its sole benefit, the fees
      set forth in the Agent Fee Letter.

    

    ARTICLE
      VI. REDUCTION OR TERMINATION OF THE 

    REVOLVING
      CREDIT COMMITMENT; PREPAYMENTS.

    

    Section
      6.1. Voluntary
      Reduction or Termination of the Revolving Credit Commitment.
      Borrower may from time to time on at least five Business Days’ prior written
      notice received by Administrative Agent (which shall promptly advise each Lender
      thereof) permanently reduce the Revolving Credit Commitment to an amount not
      less than the Revolving Credit Exposure. Any such reduction shall be in an
      amount not less than Five Hundred Thousand Dollars ($500,000) or a higher
      integral multiple of One Hundred Thousand Dollars ($100,000). Concurrently
      with
      any reduction of the Revolving Credit Commitment to zero, Borrower shall pay
      all
      interest on the Revolving Loans, all Non-Use Fees and all letter of credit
      fees
      and shall Cash Collateralize in full all obligations arising with respect to
      the
      Letters of Credit.

    

    Section
      6.2. Prepayments.

    

    6.2.1.
      Voluntary
      Prepayments.
      Borrower may from time to time prepay the principal amount of the Loans in
      whole
      or in part; provided that Borrower shall give Administrative Agent (which shall
      promptly advise each Lender) notice thereof not later than 12:00 P.M. (Eastern
      Time) on the day of such prepayment (which shall be a Business Day), specifying
      the Loans to be prepaid and the date and amount of prepayment. Such prepayment
      shall include interest accrued on the amount so prepaid to the date of such
      prepayment and any amount payable under Article 8 with respect to the amount
      being prepaid. Prepayments of Base Rate Loans shall be without any premium
      or
      penalty. Any such partial prepayment shall be in an amount equal to One Hundred
      Thousand Dollars ($100,000) or a higher integral multiple of Fifty Thousand
      Dollars ($50,000).

    
      
        
        

      

      
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    6.2.2.
      Mandatory
      Prepayments.

    

    (a) Borrower
      shall, until the Term Loan and the CAPEX Term Loan have been paid in full,
      make
      a prepayment on such Loans (all such prepayments to be made pro rata between
      the
      Term Loan and the CAPEX Term Loan, to the applied to the respective payments
      thereof in inverse order of maturities) upon the occurrence of any of the
      following (each a “Mandatory Prepayment Event”) at the following times and in
      the following amounts (such applicable amounts being referred to as “Designated
      Proceeds”):

    

    (i) Concurrently
      with the receipt by any Parent Entity of any net cash proceeds from any Asset
      Disposition, to the extent such net cash proceeds are not to be reinvested
      in
      fixed assets or other similar assets within one hundred eighty (180) days of
      such Asset Disposition, in an amount equal to one hundred percent (100%) of
      such
      net cash proceeds.

    

    (ii) Concurrently
      with the receipt by any Parent Entity of any net cash proceeds from any issuance
      of Capital Securities of any Parent Entity (other than Capital Securities issued
      (A) to Borrower or a Guarantor of Payment or (B) solely to the extent the
      proceeds of such issuance of Capital Securities are used to finance Acquisitions
      permitted under Section
      11.4),
      in an
      amount equal to one hundred percent (100%) of such net cash proceeds; provided
      that no prepayment shall be required hereunder from (A) the issuance of Capital
      Securities in connection with the exercise of any option, warrant or other
      convertible security of any Parent Entity, or (B) the issuance, award or grant
      of Capital Securities to eligible participants under a stock plan of
      Parent.

    

    (iii) Concurrently
      with the receipt by any Parent Entity of any net cash proceeds from any issuance
      of any Indebtedness of any Parent Entity in an amount equal to one hundred
      percent (100%) of such net cash proceeds.

    

    (iv) Within
      sixty (60) days after the occurrence of a Material Recovery Event with respect
      to any Parent
      Entity,
      in an
      amount equal to one hundred percent (100%) of the insurance proceeds paid to
      such Parent
      Entity
      in
      connection with such Material Recovery Event; provided that such Parent
      Entity
      will not
      have to apply any such insurance proceeds as a prepayment on the Loans to the
      extent such proceeds are used to replace, rebuild or restore the affected
      property; so long as (i) Within sixty (60) days after the occurrence of such
      Material Recovery Event, the appropriate Parent
      Entity
      shall
      furnish to Administrative Agent written notice that such Parent
      Entity
      will
      replace, rebuild or restore the affected property, and (ii) such replacement,
      rebuilding or restoration is (A) commenced within six months of the date of
      the
      Material Recovery Event, and (B) substantially completed within twelve (12)
      months of such commencement date. Any amounts of such insurance proceeds not
      applied to the costs of replacement or restoration shall be applied as a
      prepayment on the Loans.

    
      
        
        

      

      
        37

        
          

        

      

      
        
        

      

    

    

    (v) If
      the
      Total Debt to EBITDA Ratio calculated for a Fiscal Year (commencing with Fiscal
      Year 2006), is greater than 1.50 to 1.00, within one hundred twenty (120) days
      after the end of such Fiscal Year, in an amount equal to fifty percent (50%)
      of
      Excess Cash Flow for such Fiscal Year.

    

    (b) If,
      on
      any day, the Revolving Credit Exposure exceeds the Revolving Credit Commitment,
      Borrower shall immediately prepay Revolving Loans and/or Cash Collateralize
      the
      outstanding Letters of Credit, or do a combination of the foregoing, in an
      amount sufficient to eliminate such excess.

    

    (c) If,
      on
      any day, the CAPEX Draw Exposure exceeds the CAPEX Draw Facility Commitment,
      Borrower shall immediately prepay CAPEX Draw Loans in an amount sufficient
      to
      eliminate such excess.

    

    Section
      6.3. Manner
      of Prepayments.

    

    6.3.1.
      All
      Prepayments.
      Each
      voluntary partial prepayment shall be in a principal amount of Five Hundred
      Thousand Dollars ($500,000) or a higher integral multiple of One Hundred
      Thousand Dollars ($100,000). Any partial prepayment of a Group of LIBOR Loans
      shall be subject to the proviso to Section
      2.2.3(a).
      Any
      prepayment of a LIBOR Loan on a day other than the last day of an Interest
      Period therefor shall include interest on the principal amount being repaid
      and
      shall be subject to Section
      8.4.
      All
      prepayments of the Term Loan and the CAPEX Term Loan shall be applied to the
      principal amounts thereof in the inverse order of maturity to the remaining
      installments thereof. Except as otherwise provided by this Agreement, all
      principal payments in respect of the Loans (other than the Swing Line Loans)
      under a Commitment shall be applied first to repay outstanding Base Rate Loans,
      and then to repay outstanding LIBOR Loans in direct order of Interest Period
      maturities.

    

    Section
      6.4. Repayments.

    

    6.4.1.
      Revolving
      Loans.
      The
      Revolving Loans shall be paid in full and the Revolving Credit Commitment shall
      terminate on the Termination Date.

    

    6.4.2.
      Term
      Loan.
      The
      principal amount of the Term Loan shall be paid in installments as
      follows:

    

    
      	
              Payment
                Date

            	 	
              Amount

            	 
	
              March
                31, 2007

            	 	
              $

            	
              500,000

            	 
	
              June
                30, 2007

            	 	
              $

            	
              1,000,000

            	 
	
              September
                30, 2007

            	 	
              $

            	
              1,000,000

            	 
	
              December
                31, 2007

            	 	
              $

            	
              1,000,000

            	 
	
              March
                31, 2008

            	 	
              $

            	
              1,000,000

            	 
	
              June
                30, 2008

            	 	
              $

            	
              1,000,000

            	 
	
              September
                30, 2008

            	 	
              $

            	
              1,000,000

            	 
	
              December
                31, 2008

            	 	
              $

            	
              1,000,000

            	 
	
              March
                31, 2009

            	 	
              $

            	
              1,000,000

            	 
	
              June
                30, 2009

            	 	
              $

            	
              1,000,000

            	 
	
              September
                30, 2009

            	 	
              $

            	
              1,000,000

            	 
	
              December
                31, 2009

            	 	
              $

            	
              1,000,000

            	 
	
              March
                31, 2010

            	 	
              $

            	
              1,000,000

            	 
	
              June
                30, 2010

            	 	
              $

            	
              1,000,000

            	 
	
              September
                30, 2010

            	 	
              $

            	
              1,000,000

            	 
	
              December
                31, 2010

            	 	
              $

            	
              1,000,000

            	 
	
              March
                31, 2011

            	 	
              $

            	
              1,000,000

            	 
	
              June
                30, 2011

            	 	
              $

            	
              1,000,000

            	 

    

     

    
      
        
        

      

      
        38

        
          

        

      

      
        
        

      

    

    

    Unless
      sooner paid in full, the outstanding principal balance of the Term Loan shall
      be
      paid in full on the Term Loan Maturity Date.

    

    6.4.3.
      CAPEX
      Loans.

    

    (a) The
      CAPEX
      Draw Loans shall be refinanced on the CAPEX Conversion Date by the CAPEX Term
      Loan and the CAPEX Draw Facility Commitment shall terminate on the CAPEX
      Conversion Date, or the Termination Date, if earlier.

    

    (b) The
      principal amount of the CAPEX Term Loan shall be payable in seventeen (17)
      consecutive quarter annual installments in the amount of the CAPEX Term Loan
      Scheduled Payment Amount, commencing on the last day of the first full calendar
      quarter after the CAPEX Conversion Date, and continuing on the last day of
      each
      calendar quarter thereafter, with the balance thereof payable in full on the
      CAPEX Term Loan Maturity Date.

    

    ARTICLE
      VII. MAKING AND

    PRORATION
      OF PAYMENTS; SETOFF; TAXES.

    

    Section
      7.1. Making
      of Payments.
      All
      payments of principal and interest on the Notes, and of all fees, shall be
      made
      by Borrower to Administrative Agent in immediately available funds at the office
      specified by Administrative Agent not later than 2:00 P.M. (Eastern Time) on
      the
      date due; and funds received after that hour shall be deemed to have been
      received by Administrative Agent on the following Business Day. Administrative
      Agent shall promptly remit to each Lender its share of all such payments
      received in collected funds by Administrative Agent for the account of such
      Lender. All payments under Section
      8.1
      shall be
      made by Borrower directly to the Lender entitled thereto without setoff,
      counterclaim or other defense.

    

    Section
      7.2. Application
      of Certain Payments.
      So long
      as no Default or Event of Default has occurred and is continuing, (a) payments
      matching specific scheduled payments then due shall be applied to those
      scheduled payments, and (b) voluntary and mandatory prepayments shall be applied
      as set forth in Section
      6.2.
      After
      the occurrence and during the continuance of a Default or an Event of Default,
      all amounts collected or received by Administrative Agent or any Lender as
      proceeds from the sale of, or other realization upon, all or any part of the
      Collateral shall be applied as Administrative Agent shall determine in its
      discretion. Concurrently with each remittance to any Lender of its share of
      any
      such payment, Administrative Agent shall advise such Lender as to the
      application of such payment.

    
      
        
        

      

      
        39

        
          

        

      

      
        
        

      

    

    

    Section
      7.3. Due
      Date Extension.
      If any
      payment of principal or interest with respect to any of the Loans, or of any
      fees, falls due on a day which is not a Business Day, then such due date shall
      be extended to the immediately following Business Day (unless, in the case
      of a
      LIBOR Loan, such immediately following Business Day is the first Business Day
      of
      a calendar month, in which case such due date shall be the immediately preceding
      Business Day) and, in the case of principal, additional interest shall accrue
      and be payable for the period of any such extension.

    

    Section
      7.4. Setoff.
      Borrower, for itself and each other Credit Party, agrees that Administrative
      Agent and each Lender have all rights of set-off and bankers’ lien provided by
      applicable law, and in addition thereto, Borrower, for itself and each other
      Credit Party, agrees that, at any time any Event of Default exists,
      Administrative Agent and each Lender may apply to the payment of any Secured
      Obligations of Borrower and each other Credit Party hereunder, whether or not
      then due, any and all balances, credits, deposits, accounts or moneys of
      Borrower and each other Credit Party then or thereafter with Administrative
      Agent or such Lender.

    

    Section
      7.5. Proration
      of Payments.
      If any
      Lender shall obtain any payment or other recovery (whether voluntary,
      involuntary, by application of offset or otherwise, on account of (a) principal
      of or interest on any Loan, but excluding (i) any payment pursuant to
Section
      8.7
      or
15.6
      and (ii)
      payments of interest on any Affected Loan) or (b) its participation in any
      Letter of Credit) in excess of its applicable Pro Rata Share of payments and
      other recoveries obtained by all of the Lenders, as appropriate, on account
      of
      principal of and interest on the Loans (or such participation) then held by
      them, then such Lender shall purchase from the other Lenders such participations
      in the Loans (or sub-participations in Letters of Credit) held by them as shall
      be necessary to cause such purchasing Lender to share the excess payment or
      other recovery ratably with each of them; provided that if all or any portion
      of
      the excess payment or other recovery is thereafter recovered from such
      purchasing Lender, the purchase shall be rescinded and the purchase price
      restored to the extent of such recovery.

    

    Section
      7.6. Taxes.

    

    (a) All
      payments made by Borrower hereunder or under any Loan Documents shall be made
      without setoff, counterclaim, or other defense. To the extent permitted by
      applicable law, all payments hereunder or under the Loan Documents (including
      any payment of principal, interest, or fees) to, or for the benefit, of any
      Person shall be made by Borrower free and clear of and without deduction or
      withholding for, or account of, any Taxes now or hereinafter imposed by any
      taxing authority.

    
      
        
        

      

      
        40

        
          

        

      

      
        
        

      

    

    

    (b) If
      Borrower makes any payment hereunder or under any Loan Document in respect
      of
      which it is required by applicable law to deduct or withhold any Taxes, Borrower
      shall increase the payment hereunder or under any such Loan Document such that
      after the reduction for the amount of Taxes withheld (and any taxes withheld
      or
      imposed with respect to the additional payments required under this Section
      7.6(b)),
      the
      amount paid to the Lenders or Administrative Agent equals the amount that was
      payable hereunder or under any such Loan Document without regard to this
Section
      7.6(b).
      To the
      extent Borrower withholds any Taxes on payments hereunder or under any Loan
      Document, Borrower shall pay the full amount deducted to the relevant taxing
      authority within the time allowed for payment under applicable law and shall
      deliver to Administrative Agent within thirty (30) days after it has made
      payment to such authority a receipt issued by such authority (or other evidence
      satisfactory to Administrative Agent) evidencing the payment of all amounts
      so
      required to be deducted or withheld from such payment. 

    

    (c) If
      any
      Lender or Administrative Agent is required by law to make any payments of any
      Taxes on or in relation to any amounts received or receivable hereunder or
      under
      any other Loan Document, or any Tax is assessed against a Lender or
      Administrative Agent with respect to amounts received or receivable hereunder
      or
      under any other Loan Document, Borrower will indemnify such person against
      (i)
      such Tax (and any reasonable counsel fees and expenses associated with such
      Tax), and (ii) any taxes imposed as a result of the receipt of the payment
      under
      this Section
      7.6(c).
      A
      certificate prepared in good faith as to the amount of such payment by such
      Lender or Administrative Agent shall, absent manifest error, be final,
      conclusive, and binding on all parties.

    

    (d) Non-U.S.
      Lenders.

    

    (i) To
      the
      extent permitted by applicable law, each Lender that is not a United States
      person within the meaning of Code Section 7701(a)(30) (a “Non-U.S. Participant”)
      shall deliver to Borrower and Administrative Agent on or prior to the Closing
      Date (or in the case of a Lender that is an Assignee, on the date of such
      assignment to such Lender) two accurate and complete original signed copies
      of
      IRS Form W-8BEN, W-8ECI, or W-8IMY (or any successor or other applicable form
      prescribed by the IRS) certifying to such Lender’s entitlement to a complete
      exemption from, or a reduced rate in, United States withholding tax on interest
      payments to be made hereunder or under any Loan. If a Lender that is a Non-U.S.
      Participant is claiming a complete exemption from withholding on interest
      pursuant to Code Sections 871(h) or 881(c), such Lender shall deliver (along
      with two accurate and complete original signed copies of IRS Form W-8BEN) a
      certificate in form and substance reasonably acceptable to Administrative Agent
      (any such certificate, a “Withholding Certificate”). In addition, each Lender
      that is a Non-U.S. Participant agrees that, from time to time after the Closing
      Date (or in the case of a Lender that is an Assignee, after the date of the
      assignment to such Lender), when a lapse in time (or change in circumstances
      occurs) rendering the prior certificates hereunder obsolete or inaccurate in
      any
      material respect, such Lender shall, to the extent permitted under applicable
      law, deliver to Borrower and Administrative Agent two new and accurate and
      complete original signed copies of an IRS Form W-8BEN, W-8ECI, or W-8IMY (or
      any
      successor or other applicable forms prescribed by the IRS), and if applicable,
      a
      new Withholding Certificate, to confirm or establish the entitlement of such
      Lender or Administrative Agent to an exemption from, or reduction in, United
      States withholding tax on interest payments to be made hereunder or under any
      Loan.

    
      
        
        

      

      
        41

        
          

        

      

      
        
        

      

    

     

    (ii) Each
      Lender that is not a Non-U.S. Participant (other than any such Lender which
      is
      taxed as a corporation for U.S. federal income tax purposes) shall provide
      two
      properly completed and duly executed copies of IRS Form W-9 (or any successor
      or
      other applicable form) to Borrower and Administrative Agent certifying that
      such
      Lender is exempt from United States backup withholding tax. To the extent that
      a
      form provided pursuant to this Section
      7.6(d)(ii)
      is
      rendered obsolete or inaccurate in any material respects as result of change
      in
      circumstances with respect to the status of a Lender, such Lender shall, to
      the
      extent permitted by applicable law, deliver to Borrower and Administrative
      Agent
      revised forms necessary to confirm or establish the entitlement to such Lender’s
      or Administrative Agent’s exemption from United States backup withholding
      tax.

    

    (iii) Borrower
      shall not be required to pay additional amounts to a Lender, or indemnify any
      Lender, under this Section
      7.6
      to the
      extent that such obligations would not have arisen but for the failure of such
      Lender to comply with Section
      7.6(d).

    

    (iv) Each
      Lender agrees to indemnify Administrative Agent and hold Administrative Agent
      harmless for the full amount of any and all present or future Taxes and related
      liabilities (including penalties, interest, additions to tax and expenses,
      and
      any Taxes imposed by any jurisdiction on amounts payable to Administrative
      Agent
      under this Section
      7.6)
      which
      are imposed on or with respect to principal, interest or fees payable to such
      Lender hereunder and which are not paid by Borrower pursuant to this
Section
      7.6,
      whether
      or not such Taxes or related liabilities were correctly or legally asserted.
      This indemnification shall be made within thirty (30) days from the date
      Administrative Agent makes written demand therefor.

    

    ARTICLE
      VIII. INCREASED COSTS;

    SPECIAL
      PROVISIONS FOR LIBOR LOANS.

    

    Section
      8.1. Increased
      Costs.
      

    

    (a) If,
      after
      the date hereof, the adoption of, or any change in, any applicable law, rule
      or
      regulation, or any change in the interpretation or administration of any
      applicable law, rule or regulation by any governmental authority, central bank
      or comparable agency charged with the interpretation or administration thereof,
      or compliance by any Lender with any request or directive (whether or not having
      the force of law) of any such authority, central bank or comparable agency
      (i)
      shall impose, modify or deem applicable any reserve (including any reserve
      imposed by the FRB, but excluding any reserve included in the determination
      of
      the LIBOR Rate pursuant to Section
      4),
      special deposit or similar requirement against assets of, deposits with or
      for
      the account of, or credit extended by any Lender; or (ii) shall impose on any
      Lender any other condition affecting its LIBOR Loans, its Notes or its
      obligation to make LIBOR Loans; and the result of anything described in subparts
      (i) and (ii) above is to increase the cost to (or to impose a cost on) such
      Lender (or any LIBOR Office of such Lender) of making or maintaining any LIBOR
      Loan, or to reduce the amount of any sum received or receivable by such Lender
      (or its LIBOR Office) under this Agreement or under its Notes with respect
      thereto, then, upon demand by such Lender (which demand shall be accompanied
      by
      a statement setting forth the basis for such demand and a calculation of the
      amount thereof in reasonable detail, a copy of which shall be furnished to
      Administrative Agent), Borrower shall pay directly to such Lender such
      additional amount as will compensate such Lender for such increased cost or
      such
      reduction, so long as such amounts have accrued on or after the day which is
      one
      hundred eighty (180) days prior to the date on which such Lender first made
      demand therefor.

    
      
        
        

      

      
        42

        
          

        

      

      
        
        

      

    

    

    (b) If
      any
      Lender shall reasonably determine that any change in, or the adoption or
      phase-in of, any applicable law, rule or regulation regarding capital adequacy,
      or any change in the interpretation or administration thereof by any
      governmental authority, central bank or comparable agency charged with the
      interpretation or administration thereof, or the compliance by any Lender or
      any
      Person controlling such Lender with any request or directive regarding capital
      adequacy (whether or not having the force of law) of any such authority, central
      bank or comparable agency, has or would have the effect of reducing the rate
      of
      return on such Lender’s, or such controlling Person’s, capital as a consequence
      of such Lender’s obligations hereunder, or under any Letter of Credit, to a
      level below that which such Lender, or such controlling Person, could have
      achieved, but for such change, adoption, phase-in or compliance (taking into
      consideration such Lender’s or such controlling Person’s policies with respect
      to capital adequacy) by an amount deemed by such Lender or such controlling
      Person to be material, then, from time to time, upon demand by such Lender
      (which demand shall be accompanied by a statement setting forth the basis for
      such demand and a calculation of the amount thereof in reasonable detail, a
      copy
      of which shall be furnished to Administrative Agent), Borrower shall pay to
      such
      Lender such additional amount as will compensate such Lender, or such
      controlling Person, for such reduction, so long as such amounts have accrued
      on
      or after the day which is one hundred eighty (180) days prior to the date on
      which such Lender first made demand therefor. 

    

    Section
      8.2. Basis
      for Determining Interest Rate Inadequate or Unfair.
      If:

    

    (a) Administrative
      Agent reasonably determines (which determination shall be binding and conclusive
      on Borrower) that by reason of circumstances affecting the interbank LIBOR
      market adequate and reasonable means do not exist for ascertaining the
      applicable LIBOR Rate; or

    

    (b) the
      Required Lenders advise Administrative Agent that the LIBOR Rate as determined
      by Administrative Agent will not adequately and fairly reflect the cost to
      such
      Lenders of maintaining or funding LIBOR Loans for such Interest Period (taking
      into account any amount to which such Lenders may be entitled under Section
      8.1)
      or that
      the making or funding of LIBOR Loans has become impracticable as a result of
      an
      event occurring after the date of this Agreement which in the opinion of such
      Lenders materially affects such Loans; then Administrative Agent shall promptly
      notify the other parties thereof and, so long as such circumstances shall
      continue, (i) no Lender shall be under any obligation to make or convert any
      Base Rate Loan into one or more LIBOR Loans, and (ii) on the last day of the
      current Interest Period for each LIBOR Loan, such Loan shall, unless then repaid
      in full, automatically convert to a Base Rate Loan.

    
      
        
        

      

      
        43

        
          

        

      

      
        
        

      

    

    

    Section
      8.3. Changes
      in Law Rendering LIBOR Loans Unlawful.
      If any
      change in, or the adoption of any new, law or regulation, or any change in
      the
      interpretation of any applicable law or regulation by any governmental or other
      regulatory body charged with the administration thereof, should make it (or
      in
      the good faith judgment of any Lender cause a substantial question as to whether
      it is) unlawful for any Lender to make, maintain or fund LIBOR Loans, then
      such
      Lender shall promptly notify each of the other parties hereto and, so long
      as
      such circumstances shall continue, (a) such Lender shall have no obligation
      to
      make or convert any Base Rate Loan into a LIBOR Loan (but shall make Base Rate
      Loans concurrently with the making of or conversion of Base Rate Loans into
      LIBOR Loans by the Lenders which are not so affected, in each case in an amount
      equal to the amount of LIBOR Loans which would be made or converted into by
      such
      Lender at such time in the absence of such circumstances), and (b) on the last
      day of the current Interest Period for each LIBOR Loan of such Lender (or,
      in
      any event, on such earlier date as may be required by the relevant law,
      regulation or interpretation), such LIBOR Loan shall, unless then repaid in
      full, automatically convert to a Base Rate Loan. Each Base Rate Loan made by
      a
      Lender which, but for the circumstances described in the foregoing sentence,
      would be a LIBOR Loan (an “Affected Loan”) shall remain outstanding for the
      period corresponding to the Group of LIBOR Loans of which such Affected Loan
      would be a part, absent such circumstances.

    

    Section
      8.4. Funding
      Losses.
      Borrower hereby agrees that, upon demand by any Lender (which demand shall
      be
      accompanied by a statement setting forth the basis for the amount being claimed,
      a copy of which shall be furnished to Administrative Agent), Borrower will
      indemnify such Lender against any net loss or expense which such Lender may
      sustain or incur (including any net loss or expense incurred by reason of the
      liquidation or reemployment of deposits or other funds acquired by such Lender
      to fund or maintain any LIBOR Loan), as reasonably determined by such Lender,
      as
      a result of (a) any payment, prepayment or conversion of any LIBOR Loan of
      such
      Lender on a date other than the last day of an Interest Period for such Loan
      (including any conversion pursuant to Section
      8.3),
      or (b)
      any failure of Borrower to borrow, convert or continue any Loan on a date
      specified therefor in a notice of borrowing, conversion or continuation pursuant
      to this Agreement. For this purpose, all notices to Administrative Agent
      pursuant to this Agreement shall be deemed to be irrevocable.

    

    Section
      8.5. Right
      of the Lenders to Fund through Other Offices.
      Each
      Lender may, if it so elects, fulfill its commitment as to any LIBOR Loan by
      causing a foreign branch or Affiliate of such Lender to make such Loan; provided
      that, in such event for the purposes of this Agreement, such Loan shall be
      deemed to have been made by such Lender and the obligation of Borrower to repay
      such Loan shall nevertheless be to such Lender and shall be deemed held by
      it,
      to the extent of such Loan, for the account of such branch or
      Affiliate.

     

    
      
        
        

      

      
        44

        
          

        

      

      
        
        

      

    

    Section
      8.6. Discretion
      of the Lenders as to Manner of Funding.
      Notwithstanding any provision of this Agreement to the contrary, each Lender
      shall be entitled to fund and maintain its funding of all or any part of its
      Loans in any manner it sees fit, it being understood, however, that, for the
      purposes of this Agreement, all determinations hereunder shall be made as if
      such Lender had actually funded and maintained each LIBOR Loan during each
      Interest Period for such Loan through the purchase of deposits having a maturity
      corresponding to such Interest Period, and bearing an interest rate equal to
      the
      LIBOR Rate for such Interest Period.

    

    Section
      8.7. Mitigation
      of Circumstances; Replacement of the Lenders.

    

    (a) Each
      Lender shall promptly notify Borrower and Administrative Agent of any event
      of
      which it has knowledge that will result in, and will use reasonable commercial
      efforts available to it (and not, in such Lender’s sole judgment, otherwise
      disadvantageous to such Lender) to mitigate or avoid, (i) any obligation by
      Borrower to pay any amount pursuant to Sections
      7.6
      or
8.1,
      or (ii)
      the occurrence of any circumstances described in Sections
      8.2
      or
8.3
      (and, if
      any Lender has given notice of any such event described in subpart (i) or (ii)
      above and thereafter such event ceases to exist, such Lender shall promptly
      so
      notify Borrower and Administrative Agent). Without limiting the foregoing,
      each
      Lender will designate a different funding office if such designation will avoid
      (or reduce the cost to Borrower of) any event described in subpart (i) or (ii)
      above and such designation will not, in such Lender’s sole judgment, be
      otherwise disadvantageous to such Lender.

    

    (b) If
      Borrower becomes obligated to pay additional amounts to any Lender pursuant
      to
Sections
      7.6
      or
8.1,
      or any
      Lender gives notice of the occurrence of any circumstances described in
Sections
      8.2
      or
8.3,
      Borrower may designate another bank that is acceptable to Administrative Agent
      and the Issuing Lender, in their reasonable discretion. (such other bank being
      called a “Replacement Lender”) to purchase the Loans of such Lender and such
      Lender’s rights hereunder, without recourse to or warranty by, or expense to,
      such Lender, for a purchase price equal to the outstanding principal amount
      of
      the Loans payable to such Lender, plus any accrued but unpaid interest on such
      Loans, and all accrued but unpaid fees owed to such Lender and any other amounts
      payable to such Lender under this Agreement, and to assume all the obligations
      of such Lender hereunder, and, upon such purchase and assumption (pursuant
      to an
      Assignment Agreement), such Lender shall no longer be a party hereto or have
      any
      rights hereunder (other than rights with respect to indemnities and similar
      rights applicable to such Lender prior to the date of such purchase and
      assumption) and shall be relieved from all obligations to Borrower hereunder,
      and the Replacement Lender shall succeed to the rights and obligations of such
      Lender hereunder.

    

    Section
      8.8. Conclusiveness
      of Statements; Survival of Provisions.
      Determinations and statements of any Lender pursuant to Sections
      8.1,
      8.2,
      8.3
      or
8.4
      shall be
      conclusive absent demonstrable error. The Lenders may use reasonable averaging
      and attribution methods in determining compensation under Sections
      8.1
      and
8.4,
      and the
      provisions of such Sections shall survive repayment of the Obligations,
      cancellation of any Notes, expiration or termination of the Letters of Credit
      and termination of this Agreement.

    
      
        
        

      

      
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    ARTICLE
      IX. REPRESENTATIONS AND WARRANTIES.

    

    To
      induce
      Administrative Agent and the Lenders to enter into this Agreement and to induce
      the Lenders to make Loans and issue and participate in Letters of Credit
      hereunder, Borrower represents and warrants to Administrative Agent and the
      Lenders that, both before and after giving effect to the Related
      Transactions:

    

    Section
      9.1. Organization.
      Each
      Parent Entity is validly existing and in good standing under the laws of its
      jurisdiction of organization. Each Parent Entity is duly qualified to do
      business in each jurisdiction where, because of the nature of its activities
      or
      properties, such qualification is required, except for such jurisdictions where
      the failure to so qualify could not reasonably be expected to have a Material
      Adverse Effect.

    

    Section
      9.2. Authorization;
      No Conflict.
      Each
      Credit Party is duly authorized to execute and deliver each Loan Document to
      which it is a party, Borrower is duly authorized to borrow monies hereunder
      and
      each Credit Party is duly authorized to perform its Obligations under each
      Loan
      Document to which it is a party. The execution, delivery and performance by
      each
      Credit Party of each Loan Document to which it is a party, and the borrowings
      by
      Borrower hereunder, do not and will not (a) require any material consent or
      approval of any governmental agency or authority (other than any consent or
      approval which has been obtained and is in full force and effect), (b) conflict
      with (i) any material provision of law, (ii) the charter, by-laws or other
      organizational documents of any Credit Party, or (iii) any material agreement,
      indenture, instrument or other document, or any judgment, order or decree,
      which
      is binding upon any Credit Party or any of their respective properties, or
      (c)
      require, or result in, the creation or imposition of any Lien on any asset
      of
      any Credit Party (other than Liens in favor of Administrative Agent created
      pursuant to the Collateral Documents or permitted pursuant to Section
      11.2).

    

    Section
      9.3. Validity
      and Binding Nature.
      Each
      Loan Document to which any Credit Party is a party is the legal, valid and
      binding obligation of such Credit Party, enforceable against such Credit Party
      in accordance with its terms, subject to bankruptcy, insolvency, reorganization
      and similar laws relating to or affecting the enforceability of creditors’
rights generally and to general principles of equity.

    

    Section
      9.4. Financial
      Condition.
      

    

    (a) Parent.
      The
      audited Consolidated financial statements of Parent for the fiscal year ended
      December 31, 2005 and the unaudited Consolidated financial statements of Parent
      for the fiscal quarter ended June 30, 2006, copies of each of which have been
      delivered to each Lender, were prepared in accordance with GAAP, consistently
      applied, (subject, in the case of such unaudited statements, to the absence
      of
      footnotes and to normal year-end adjustments) and present fairly, in all
      material respects, the Consolidated financial condition of Parent as of such
      dates and the results of their operations for the periods then
      ended.

    

    (b) Concord.
      The
      audited consolidated financial statements of Concord for the fiscal year ended
      December 31, 2005 and the unaudited consolidated financial statements of Concord
      for the fiscal quarter ended June 30, 2006, copies of each of which have been
      delivered to each Lender, were prepared in accordance with GAAP, consistently
      applied, (subject, in the case of such unaudited statements, to the absence
      of
      footnotes and to normal year-end adjustments) and present fairly, in all
      material respects, the consolidated financial condition of Concord as of such
      dates and the results of their operations for the periods then
      ended.

     

    
      
        
        

      

      
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    Section
      9.5. No
      Material Adverse Change.
      No
      material adverse change, in the reasonable opinion of Administrative Agent,
      shall have occurred in the financial condition, operations or prospects of
      the
      Companies since December 31, 2005. 

    

    Section
      9.6. Litigation
      and Contingent Liabilities.
      No
      litigation (including derivative actions), arbitration proceeding or
      governmental investigation or proceeding is pending or, to Borrower’s knowledge,
      threatened against any Parent Entity which might reasonably be expected to
      have
      a Material Adverse Effect, except as set forth in Schedule
      9.6.
      Other
      than any liability incident to such litigation or proceedings, no Parent Entity
      has any material contingent liabilities not listed on Schedule
      9.6
      or
      permitted by Section
      11.1.

    

    Section
      9.7. Ownership
      of Properties; Liens.
      Each
      Company owns good and, in the case of real property, marketable title to all
      of
      its properties and assets, real and personal, tangible and intangible, of any
      nature whatsoever (including patents, trademarks, trade names, service marks
      and
      copyrights), free and clear of all Liens, charges and claims (including
      infringement claims with respect to patents, trademarks, service marks,
      copyrights and the like) except as permitted by Section
      11.2,
      or
      except for such defects in title as could not, individually or in the aggregate,
      reasonably be expected to have a Material Adverse Effect.

    

    Section
      9.8. Equity
      Ownership; Subsidiaries.
      All
      issued and outstanding Capital Securities of each Company are duly authorized
      and validly issued, fully paid, non-assessable, and free and clear of all Liens
      other than those in favor of Administrative Agent for the benefit of the Lenders
      or Liens otherwise permitted pursuant to Section
      11.2,
      and
      such securities were issued in compliance with all applicable state and federal
      laws concerning the issuance of securities. Schedule
      9.8
      sets
      forth the authorized Capital Securities of each Company as of the Closing Date.
      All of the issued and outstanding Capital Securities of Borrower are owned
      as
      set forth on Schedule
      9.8
      as of
      the Closing Date. As of the Closing Date, except as set forth on Schedule
      9.8,
      there
      are no pre-emptive or other outstanding rights, options, warrants, conversion
      rights or other similar agreements or understandings for the purchase or
      acquisition of any Capital Securities of any Company other than the Loan
      Documents.

    

    Section
      9.9. Pension
      Plans.

    

    (a) The
      Unfunded Liability of all Pension Plans does not in the aggregate exceed twenty
      percent of the Total Plan Liability for all such Pension Plans. Each Pension
      Plan complies in all material respects with all applicable requirements of
      law
      and regulations. No contribution failure under Section 412 of the Code, Section
      302 of ERISA or the terms of any Pension Plan has occurred with respect to
      any
      Pension Plan, sufficient to give rise to a Lien under Section 302(f) of ERISA,
      or otherwise to have a Material Adverse Effect. There are no pending or, to
      the
      knowledge of a Parent Entity, threatened, claims, actions, investigations or
      lawsuits against any Pension Plan, any fiduciary of any Pension Plan, or such
      Parent Entity or other any member of the Controlled Group with respect to a
      Pension Plan or a Multiemployer Pension Plan which could reasonably be expected
      to have a Material Adverse Effect. Neither Borrower nor any other member of
      the
      Controlled Group has engaged in any prohibited transaction (as defined in
      Section 4975 of the Code or Section 406 of ERISA) in connection with any Pension
      Plan or Multiemployer Pension Plan which would subject that Person to any
      material liability. Within the past five years, neither Borrower nor any other
      member of the Controlled Group has engaged in a transaction which resulted
      in a
      Pension Plan with an Unfunded Liability being transferred out of the Controlled
      Group, which could reasonably be expected to have a Material Adverse Effect.
      No
      Termination Event has occurred or is reasonably expected to occur with respect
      to any Pension Plan, which could reasonably be expected to have a Material
      Adverse Effect.

     

    
      
        
        

      

      
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    (b) All
      contributions (if any) have been made to any Multiemployer Pension Plan that
      are
      required to be made by Borrower or any other member of the Controlled Group
      under the terms of the plan or of any collective bargaining agreement or by
      applicable law; neither Borrower nor any other member of the Controlled Group
      has withdrawn or partially withdrawn from any Multiemployer Pension Plan,
      incurred any withdrawal liability with respect to any such plan or received
      notice of any claim or demand for withdrawal liability or partial withdrawal
      liability from any such plan, and no condition has occurred which, if continued,
      could result in a withdrawal or partial withdrawal from any such plan; and
      neither Borrower nor any other member of the Controlled Group has received
      any
      notice that any Multiemployer Pension Plan is in reorganization, that increased
      contributions may be required to avoid a reduction in plan benefits or the
      imposition of any excise tax, that any such plan is or has been funded at a
      rate
      less than that required under Section 412 of the Code, that any such plan is
      or
      may be terminated, or that any such plan is or may become
      insolvent.

    

    Section
      9.10. Investment
      Company Act.
      No
      Company is an “investment company” or a company “controlled” by an “investment
      company” or a “subsidiary” of an “investment company,” within the meaning of the
      Investment Company Act of 1940.

    

    Section
      9.11. Public
      Utility Holding Company Act.
      No
      Company is a “holding company”, or a “subsidiary company” of a “holding
      company,” or an “affiliate” of a “holding company” or of a “subsidiary company”
of a “holding company,” within the meaning of the Public Utility Holding Company
      Act of 1935.

    

    Section
      9.12. Regulations
      T, U and X.
      No
      Company shall take any action that would result in any non-compliance of the
      Loans or Letters of Credit with Regulations T, U or X, or any other applicable
      regulation, of the FRB.

    

    Section
      9.13. Taxes.
      Each
      Company has timely filed all material tax returns and reports required by law
      to
      have been filed by it (or requests for extension have been duly filed, as
      permitted by applicable law) and has paid all material taxes and governmental
      charges due and payable with respect to such return, except any such taxes
      or
      charges which are being diligently contested in good faith by appropriate
      proceedings and for which adequate reserves in accordance with GAAP shall have
      been set aside on its books. The Companies have made adequate reserves on their
      books and records in accordance with GAAP for all taxes that have accrued but
      which are not yet due and payable. No Company has participated in any
      transaction that relates to a year of the taxpayer (which is still open under
      the applicable statute of limitations) which is a “reportable transaction”
within the meaning of Treasury Regulation Section 1.6011-4(b)(2) (irrespective
      of the date when the transaction was entered into).

     

    
      
        
        

      

      
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    Section
      9.14. Solvency.
      On the
      Closing Date, and immediately prior to and after giving effect to the issuance
      of each Letter of Credit, each borrowing hereunder and the use of the proceeds
      thereof, and the consummation of the Concord Acquisition and the Wilmington
      Acquisition, with respect to each Parent Entity, individually, (a) the fair
      value of its assets is greater than the total amount of its liabilities
      (including disputed, contingent and unliquidated liabilities) as such value
      is
      established and liabilities evaluated in accordance with GAAP, (b) the present
      fair saleable value of its assets is not less than the total amount that will
      be
      required to pay the probable liability on its debts as they become absolute
      and
      matured, (c) it is able to realize upon its assets and pay its debts and other
      liabilities (including disputed, contingent and unliquidated liabilities) as
      they mature in the normal course of business, (d) it does not intend to, and
      does not believe that it will, incur debts or liabilities beyond its ability
      to
      pay as such debts and liabilities mature, and (e) it is not engaged in business
      or a transaction, and is not about to engage in business or a transaction,
      for
      which its property would constitute unreasonably small capital.

    

    Section
      9.15. Environmental
      Matters.
      The
      on-going operations of each Company comply in all respects with all
      Environmental Laws, except such non-compliance which could not (if enforced
      in
      accordance with applicable law) reasonably be expected to result, either
      individually or in the aggregate, in a Material Adverse Effect. Each Company
      has
      obtained, and maintained in good standing, all licenses, permits,
      authorizations, registrations and other approvals required under any
      Environmental Law and required for their respective ordinary course operations,
      and for their reasonably anticipated future operations, and each Company is
      in
      compliance with all terms and conditions thereof, except where the failure
      to do
      so could not reasonably be expected to result in material liability to any
      Company and could not reasonably be expected to result, either individually
      or
      in the aggregate, in a Material Adverse Effect. No Company or any of its
      material properties or operations is subject to, or reasonably anticipates
      the
      issuance of, any written order from or agreement with any Federal, state or
      local governmental authority, nor subject to any judicial or docketed
      administrative or other proceeding, respecting any Environmental Law,
      Environmental Claim or Hazardous Substance. There are no Hazardous Substances
      or
      other conditions or circumstances existing with respect to any property, arising
      from operations prior to the Closing Date, or relating to any waste disposal,
      of
      any Company that would reasonably be expected to result, either individually
      or
      in the aggregate, in a Material Adverse Effect. No Company has any underground
      storage tanks that are not properly registered or permitted under applicable
      Environmental Laws or that at any time have released, leaked, disposed of or
      otherwise discharged a material amount of Hazardous Substances that has not
      been
      remedied pursuant to applicable law.

    

    Section
      9.16. Insurance.
      Set
      forth on Schedule
      9.16
      is a
      complete and accurate summary of the property and casualty insurance program
      of
      the Companies as of the Closing Date (including the names of all insurers,
      policy numbers, expiration dates, amounts and types of coverage, annual
      premiums, exclusions, deductibles, self-insured retention, and a description
      in
      reasonable detail of any self-insurance program, retrospective rating plan,
      fronting arrangement or other risk assumption arrangement involving any
      Company). Each Company and its properties are insured with financially sound
      and
      reputable insurance companies which are not Affiliates of the Companies, in
      such
      amounts, with such deductibles and covering such risks as are customarily
      carried by companies engaged in similar businesses and owning similar properties
      in localities where such Companies operate. 

     

    
      
        
        

      

      
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    Section
      9.17. Real
      Property.
      Set
      forth on Schedule
      9.17
      is a
      complete and accurate list, as of the Closing Date, of the address of all
      material real property owned or leased by any Company, together with, in the
      case of material leased property, the name and mailing address of the lessor
      of
      such property.

    

    Section
      9.18. Information.
      All
      information heretofore or contemporaneously herewith furnished in writing by
      any
      Parent Entity to Administrative Agent or any Lender for purposes of or in
      connection with this Agreement and the transactions contemplated hereby is,
      and
      all written information hereafter furnished by or on behalf of any Parent Entity
      to Administrative Agent or any Lender pursuant hereto or in connection herewith
      will be, true and accurate in every material respect on the date as of which
      such information is dated or certified, and none of such information is or
      will
      be incomplete in any material respect by omitting to state any material fact
      necessary to make such information not misleading in light of the circumstances
      under which made (it being recognized by Administrative Agent and the Lenders
      that any projections and forecasts provided by Borrower are based on good faith
      estimates and assumptions believed by Borrower to be reasonable as of the date
      of the applicable projections or assumptions and that actual results during
      the
      period or periods covered by any such projections and forecasts may differ
      from
      projected or forecasted results).

    

    Section
      9.19. Intellectual
      Property.
      Each
      Company owns and possesses or has a license or other right to use all material
      patents, patent rights, trademarks, trademark rights, trade names, trade name
      rights, service marks, service mark rights and copyrights as are necessary
      for
      the conduct of the businesses of the Companies, without any infringement upon
      rights of others which could reasonably be expected to have a Material Adverse
      Effect.

    

    Section
      9.20. Burdensome
      Obligations.
      No
      Company is a party to any agreement or contract or subject to any restriction
      contained in its organizational documents which could reasonably be expected
      to
      have a Material Adverse Effect.

    

    Section
      9.21. Labor
      Matters.
      Except
      as set forth on Schedule
      9.21,
      no
      Company is subject to any labor or collective bargaining agreement. There are
      no
      existing or, to the knowledge of Borrower, threatened strikes, lockouts or
      other
      labor disputes involving any Parent Entity that singly or in the aggregate
      could
      reasonably be expected to have a Material Adverse Effect. The Hours worked
      by
      and payment made to employees of the Companies are not in violation of the
      Fair
      Labor Standards Act or any other applicable law, rule or regulation dealing
      with
      such matters that could reasonably be expected to have a Material Adverse
      Effect.

     

    
      
        
        

      

      
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    Section
      9.22. No
      Default.
      No
      Default or Event of Default exists or would result from the incurrence by any
      Company of any Indebtedness hereunder or under any other Loan
      Document.

    

    Section
      9.23. Related
      Agreements.
      

    

    (a) Borrower
      has heretofore furnished Administrative Agent a true and correct copy of the
      Related Agreements.

    

    (b) Each
      Company and, to Borrower’s knowledge, each other party to the Related
      Agreements, has duly taken all necessary corporate, partnership or other
      organizational action to authorize the execution, delivery and performance
      of
      the Related Agreements and the consummation of transactions contemplated
      thereby.

    

    (c) The
      Related Transactions will comply with all applicable legal requirements, and
      all
      necessary governmental, regulatory, creditor, shareholder, partner and other
      material consents, approvals and exemptions required to be obtained by the
      Companies and, to Borrower’s knowledge, each other party to the Related
      Agreements in connection with the Related Transactions will be, prior to
      consummation of the Related Transactions, duly obtained and will be in full
      force and effect. As of the date of the Related Agreements, all applicable
      waiting periods with respect to the Related Transactions will have expired
      without any action being taken by any competent governmental authority which
      restrains, prevents or imposes material adverse conditions upon the consummation
      of the Related Transactions.

    

    (d) The
      execution and delivery of the Related Agreements did not, and the consummation
      of the Related Transactions will not, violate any statute or regulation of
      the
      United States (including any securities law) or of any state or other applicable
      jurisdiction, or any order, judgment or decree of any court or governmental
      body
      binding on any Company or, to Borrower’s knowledge, any other party to the
      Related Agreements, or result in a breach of, or constitute a default under,
      any
      material agreement, indenture, instrument or other document, or any judgment,
      order or decree, to which any Company is a party or by which any Company is
      bound or, to Borrower’s knowledge, to which any other party to the Related
      Agreements is a party or by which any such party is bound.

    

    (e) No
      statement or representation made in the Related Agreements by any Company or,
      to
      Borrower’s knowledge, any other Person, contains any untrue statement of a
      material fact or omits to state any material fact required to be stated therein
      or necessary in order to make the statements made therein, in light of the
      circumstances under which they are made, not misleading.

     

    ARTICLE
      X. AFFIRMATIVE COVENANTS.

    

    Section
      10.1. Reports,
      Certificates and Other Information.
      Borrower agrees that it will furnish to Administrative Agent and each Lender:
      

     

    
      
        
        

      

      
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    10.1.1.
      Annual
      Report.
      Promptly when available and in any event within one hundred and five (105)
      days
      after the close of each Fiscal Year (commencing with the Fiscal Year of Parent
      ending on December 31, 2006) (a) a copy of the annual audit report of Parent
      for
      such Fiscal Year, including therein Consolidated balance sheets and statements
      of earnings and cash flows of Parent as of the end of such Fiscal Year,
      certified without adverse reference to going concern value and without
      qualification by independent auditors of recognized standing selected by Parent,
      together with (i) a written statement from such accountants to the effect that
      in making the examination necessary for the signing of such annual audit report
      by such accountants, nothing came to their attention that caused them to believe
      that Borrower was not in compliance with any provision of Sections
      11.1,
      11.3
      or
11.13
      of this
      Agreement insofar as such provision relates to accounting matters or, if
      something has come to their attention that caused them to believe that Borrower
      was not in compliance with any such provision, describing such non-compliance
      in
      reasonable detail and (ii) a comparison with the previous Fiscal Year; and
      (b) a
      consolidating balance sheet of Parent as of the end of such Fiscal Year and
      consolidating statement of earnings and cash flows for Parent for such Fiscal
      Year, certified by a Senior Officer of Parent.

    

    10.1.2.
      Interim
      Reports.
      (a)
      Promptly when available and in any event within fifty (50) days after the end
      of
      each Fiscal Quarter (except the last Fiscal Quarter of each Fiscal Year),
      Consolidated and consolidating balance sheets of Parent as of the end of such
      Fiscal Quarter, together with Consolidated and consolidating statements of
      earnings and cash flows for such Fiscal Quarter and for the period beginning
      with the first day of such Fiscal Year and ending on the last day of such Fiscal
      Quarter, together with a comparison with the corresponding period of the
      previous Fiscal Year, certified by a Senior Officer of Parent; and (b) promptly
      when available and in any event within thirty (30) days after the end of each
      month, Consolidated and consolidating balance sheets of Parent as of the end
      of
      such month, together with Consolidated and consolidating statements of earnings
      and a Consolidated statement of cash flows for such month and for the period
      beginning with the first day of such Fiscal Year and ending on the last day
      of
      such month, together with a comparison with the corresponding period of the
      previous Fiscal Year, certified by a Senior Officer of Parent.

    

    Each
      document required to be delivered pursuant to Section
      10.1.1
      (Annual
      Report) or 10.1.2
      (Interim
      Reports) shall be deemed to have been delivered on the date on which Parent
      posts such document on its website at www.netperceptions.com, or when such
      document is posted on the SEC’s website at www.sec.gov (the “SEC Website”) (each
      of the foregoing an “Informational Website”); provided that Parent shall deliver
      paper copies of all such documents to Administrative Agent or any Lender that
      requests Parent to deliver such paper copies.

    

    10.1.3.
      Compliance
      Certificates.
      Contemporaneously with the furnishing of a copy of each annual audit report
      pursuant to Section
      10.1.1
      and each
      set of quarterly statements pursuant to Section
      10.1.2,
      a duly
      completed Compliance Certificate, dated the date of such annual report or such
      quarterly statements and signed by a Senior Officer of Parent, containing (i)
      a
      computation of each of the financial ratios and restrictions set forth in
Section
      11.13
      and to
      the effect that such Senior Officer has not become aware of any Default or
      Event
      of Default that has occurred and is continuing or, if there is any such event,
      describing it and the steps, if any, being taken to cure it and (ii) a written
      statement of Parent’s management setting forth a discussion of Parent’s
      financial condition, changes in financial condition and results of
      operations.

     

    
      
        
        

      

      
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    10.1.4.
      Notice
      of Default, Litigation and ERISA Matters.
      Prompt
      written notice describing the same and the steps being taken by Parent or the
      Parent Entity affected thereby with respect thereto:

    

    (a) the
      occurrence of a Default or an Event of Default;

    

    (b) any
      litigation, arbitration or governmental investigation or proceeding not
      previously disclosed by Borrower or Parent to the Lenders that has been
      instituted or, to the knowledge of Borrower or Parent, is threatened against
      any
      Parent Entity or to which any of the properties of any thereof is subject that
      might reasonably be expected to have a Material Adverse Effect;

    

    (c) the
      institution of any steps by any member of the Controlled Group or any other
      Person to terminate any Pension Plan, or the failure of any member of the
      Controlled Group to make a required contribution to any Pension Plan (if such
      failure is sufficient to give rise to a Lien under Section 302(f) of ERISA)
      or
      to any Multiemployer Pension Plan, or the taking of any action with respect
      to a
      Pension Plan that could result in the requirement that Borrower or Parent
      furnish a bond or other security to the PBGC or such Pension Plan, or the
      occurrence of any event with respect to any Pension Plan or Multiemployer
      Pension Plan that could result in the incurrence by any member of the Controlled
      Group of any material liability, fine or penalty (including any claim or demand
      for withdrawal liability or partial withdrawal from any Multiemployer Pension
      Plan), or any material increase in the contingent liability of Borrower or
      Parent with respect to any post-retirement welfare benefit plan or other
      employee benefit plan of Borrower or Parent or another member of the Controlled
      Group, or any notice that any Multiemployer Pension Plan is in reorganization,
      that increased contributions may be required to avoid a reduction in plan
      benefits or the imposition of an excise tax, that any such plan is or has been
      funded at a rate less than that required under Section 412 of the Code, that
      any
      such plan is or may be terminated, or that any such plan is or may become
      insolvent;

    

    (d) any
      cancellation or material change in any material insurance maintained by any
      Company; or

    

    (e) any
      other
      event (including (i) any violation of any Environmental Law or the assertion
      of
      any Environmental Claim or (ii) the enactment or effectiveness of any law,
      rule
      or regulation) that might reasonably be expected to have a Material Adverse
      Effect.

    

    10.1.5.
      Borrowing
      Base Certificates.
      Within
      fifteen (15) days of the end of each month (provided that the number of days
      shall be thirty (30) until March 30, 2007), a Borrowing Base Certificate dated
      as of the end of such month and executed by a Senior Officer of Borrower on
      behalf of Borrower (provided that (a) Borrower may deliver a Borrowing Base
      Certificate more frequently if it chooses, and (b) at any time an Event of
      Default exists, Administrative Agent may, in its sole discretion, require
      Borrower to deliver Borrowing Base Certificates more frequently).

     

    
      
        
        

      

      
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    10.1.6.
      Management
      Reports.
      Promptly upon request by Administrative Agent, copies of all detailed financial
      and management reports submitted to Borrower or Parent by independent auditors
      in connection with each annual or interim audit made by such auditors of the
      books of Borrower or Parent.

    

    10.1.7.
      Projections.
      With
      respect to each Fiscal Year, concurrently with the delivery of the annual audit
      report of Parent pursuant to Section
      10.1.1,
      financial projections for Borrower and Parent for such Fiscal Year (including
      monthly operating and cash flow budgets) prepared in a manner consistent with
      the projections delivered by Borrower or Parent to the Lenders prior to the
      Closing Date or otherwise in a manner reasonably satisfactory to Administrative
      Agent, accompanied by a certificate of a Senior Officer of Parent on behalf
      of
      Borrower and Parent to the effect that (a) such projections were prepared by
      Parent in good faith, (b) Parent has a reasonable basis for the assumptions
      contained in such projections, and (c) such projections have been prepared
      in
      accordance with such assumptions.

    

    10.1.8.
      Accounts
      Receivable Aging Report.
      Borrower
      shall deliver to Administrative Agent
      an
      accounts receivable aging report, in form and substance reasonably satisfactory
      to Administrative Agent and signed by a Senior Officer of Borrower, (i)
      concurrently with the delivery of the Borrowing Base Certificate, aged by the
      original invoice date of Accounts of the Companies, prepared as of the last
      day
      of the preceding month reconciled to the month-end balance sheet and month-end
      Borrowing Base Certificate, together with the calculation of the current
      month-end Eligible Accounts of the Companies, (ii) upon Lender’s request, an
      aging by original invoice date of all existing Accounts, specifying the names,
      current value and dates of invoices for each Account Debtor, and (iii) that
      includes any other information Administrative Agent shall reasonably request
      with respect to such Accounts and its evaluation of such reports.

    

    10.1.9.
      Inventory
      Report.
      Borrower
      shall deliver to Administrative Agent
      a
      summary of Inventory, in form and substance reasonably satisfactory to
Administrative
      Agent
      and
      signed by a Senior Officer of Borrower, concurrently with the delivery of the
      Borrowing Base Certificate, based upon month-end balances reconciled to the
      month-end balance sheet and the month-end Borrowing Base Certificate and
      accompanied by an Inventory certification, in form and substance reasonably
      acceptable to Administrative
      Agent
      and
      including a calculation of the Eligible Inventory of the
      Companies
      (the
      calculation of Eligible Inventory reflecting the then most recent month-end
      balance). Borrower
      shall
      deliver after the end of each month to Administrative
      Agent
      Inventory records, in such detail as Administrative
      Agent
      shall
      deem reasonably necessary to determine the level of Eligible Inventory. The
      values shown on the Inventory reports shall be at the lower of cost or market
      value, determined in accordance with the usual cost accounting system of
Borrower.
      Borrower
      shall
      provide such other reports with respect to the Inventory of the Companies as
      Administrative
      Agent
      may
      reasonably request from time to time.

     

    
      
        
        

      

      
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    10.1.10.
      Other
      Information.
      Promptly from time to time, such other information concerning the Parent
      Entities as any Lender or Administrative Agent may reasonably
      request.

    

    Section
      10.2. Books,
      Records and Inspections.
      Borrower agrees that it will keep, and cause each other Parent Entity to keep,
      its books and records in accordance with sound business practices sufficient
      to
      allow the preparation of financial statements in accordance with GAAP,
      consistently applied; permit, and cause each other Parent Entity to permit,
      any
      Lender or Administrative Agent or any representative thereof to inspect the
      properties and operations of the Companies; and permit, and cause each other
      Parent Entity to permit, at any reasonable time and with reasonable notice
      (or
      at any time without notice if an Event of Default exists), any Lender or
      Administrative Agent or any representative thereof to visit any or all of its
      offices, to discuss its financial matters with its officers and its independent
      auditors (and Borrower hereby authorizes such independent auditors to discuss
      such financial matters with any Lender or Administrative Agent or any
      representative thereof), and to examine (and, at the expense of the Parent
      Entities, photocopy extracts from) any of its books or other records; and
      permit, and cause each other Parent Entity to permit, Administrative Agent
      and
      its representatives to inspect the Inventory and other tangible assets of the
      Parent Entities, to perform appraisals of the equipment of the Parent Entities,
      and to inspect, audit, check and make copies of and extracts from the books,
      records, computer data, computer programs, journals, orders, receipts,
      correspondence and other data relating to Inventory, Accounts and any other
      collateral. All such inspections or audits by Administrative Agent shall be
      at
      Borrower’s expense, provided that so long as no Default or Event of Default
      exists, Borrower shall not be required to reimburse Administrative Agent for
      inspections or audits more frequently than once each Fiscal Year.

    

    Section
      10.3. Maintenance
      of Property; Insurance.
      Borrower agrees that, unless at any time the Required Lenders shall otherwise
      expressly consent in writing, it will: 

    

    (a) Keep,
      and
      cause each other Parent Entity to keep, all material property useful and
      necessary in the business of the Parent Entities in good working order and
      condition, ordinary wear and tear excepted; 

    

    (b) Maintain,
      and cause each other Parent Entity to maintain, with responsible insurance
      companies, such insurance coverage as may be required by any law or governmental
      regulation or court decree or order applicable to it and such other insurance,
      to such extent and against such hazards and liabilities, as is customarily
      maintained by companies similarly situated, but which shall insure against
      all
      risks and liabilities of the type identified on Schedule
      9.16
      and
      shall have insured amounts no less than, and deductibles no higher than, those
      set forth on such schedule; and, upon request of Administrative Agent or any
      Lender, furnish to Administrative Agent or such Lender a certificate setting
      forth in reasonable detail the nature and extent of all insurance maintained
      by
      the Parent Entities. Borrower shall cause each issuer of an insurance policy
      to
      provide Administrative Agent with an endorsement (i) showing Administrative
      Agent as loss payee with respect to each policy of property or casualty
      insurance and naming Administrative Agent as an additional insured with respect
      to each policy of liability insurance, (ii) providing that thirty (30) days’
notice will be given to Administrative Agent prior to any cancellation of,
      material reduction or change in coverage provided by or other material
      modification to such policy, and (iii) reasonably acceptable in all other
      respects to Administrative Agent. Borrower shall execute and deliver to
      Administrative Agent a collateral assignment, in form and substance satisfactory
      to Administrative Agent, of each business interruption insurance policy
      maintained by Borrower and its Subsidiaries; and

     

    
      
        
        

      

      
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    (c) Unless
      Borrower provides Administrative Agent with reasonable evidence of the insurance
      coverage required by this Agreement, Administrative Agent may purchase
      reasonable and appropriate insurance at Borrower’s expense to protect
      Administrative Agent’s and the Lenders’ interests in the Collateral. This
      insurance may, but need not, protect any Company’s interests. The coverage that
      Administrative Agent purchases may not pay any claim that is made against any
      Parent Entity in connection with the Collateral. Borrower may later cancel
      any
      insurance purchased by Administrative Agent, but only after providing
      Administrative Agent with evidence that Borrower has obtained insurance as
      required by this Agreement. If Administrative Agent purchases insurance for
      the
      Collateral, Borrower will be responsible for the reasonable costs of that
      insurance, including interest and any other charges that may be imposed with
      the
      placement of the insurance, until the effective date of the cancellation or
      expiration of the insurance. The costs of the insurance may be added to the
      principal amount of the Loans owing hereunder. The costs of the insurance may
      be
      more than the cost of the insurance the Parent Entities may be able to obtain
      on
      their own.

    

    Section
      10.4. Compliance
      with Laws; Payment of Taxes and Liabilities.
      Borrower agrees that it will (a) comply, and cause each other Parent Entity
      to
      comply, in all material respects with all applicable laws, rules, regulations,
      decrees, orders, judgments, licenses and permits, except where failure to comply
      could not reasonably be expected to have a Material Adverse Effect; (b) without
      limiting subpart (a) above, ensure, and cause each other Parent Entity to
      ensure, that no person who owns a controlling interest in or otherwise controls
      a Parent Entity is or shall be (i) listed on the Specially Designated Nationals
      and Blocked Person List maintained by the Office of Foreign Assets Control
      (“OFAC”), Department of the Treasury, and/or any other similar lists maintained
      by OFAC pursuant to any authorizing statute, Executive Order or regulation
      or
      (ii) a person designated under Section 1(b), (c) or (d) of Executive Order
      No.
      13224 (September 23, 2001), any related enabling legislation or any other
      similar Executive Orders, (c) without limiting subpart (a) above, comply, and
      cause each other Parent Entity to comply, with all applicable Bank Secrecy Act
      (“BSA”) and anti-money laundering laws and regulations and (d) pay, and cause
      each other Parent Entity to pay, prior to delinquency, all material taxes and
      other governmental charges against it or any Collateral, as well as claims
      of
      any kind which, if unpaid, could become a Lien on any of its property; provided
      that the foregoing shall not require any Parent Entity to pay any such tax
      or
      charge so long as it shall contest the validity thereof in good faith by
      appropriate proceedings and shall set aside on its books adequate reserves
      with
      respect thereto in accordance with GAAP and, in the case of a claim which could
      become a Lien on any Collateral, such contest proceedings shall stay the
      foreclosure of such Lien or the sale of any portion of the Collateral to satisfy
      such claim.

    

    Section
      10.5. Maintenance
      of Existence.
      Borrower agrees that it will maintain and preserve, and (subject to Section 11.4)
      cause
      each other Parent Entity to maintain and preserve, (a) its existence and good
      standing in the jurisdiction of its organization and (b) its qualification
      to do
      business and good standing in each jurisdiction where the nature of its business
      makes such qualification necessary (other than such jurisdictions in which
      the
      failure to be qualified or in good standing could not reasonably be expected
      to
      have a Material Adverse Effect).

     

    
      
        
        

      

      
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    Section
      10.6. Use
      of
      Proceeds.
      Borrower agrees that, unless at any time the Required Lenders shall otherwise
      expressly consent in writing, it will use the proceeds of the Loans, and the
      Letters of Credit, solely to finance the Related Transactions and for working
      capital, capital expenditures and for other general business purposes; and
      not
      use or permit any proceeds of any Loan to be used, either directly or
      indirectly, for the purpose, whether immediate, incidental or ultimate, of
      “purchasing or carrying” any Margin Stock. 

    

    Section
      10.7. Employee
      Benefit Plans.
      Borrower agrees that, unless at any time the Required Lenders shall otherwise
      expressly consent in writing, it will:

    

    (a) maintain,
      and cause each other member of the Controlled Group to maintain, each Pension
      Plan in compliance, in all material respects, with all applicable requirements
      of law and regulations;

    

    (b) make,
      and
      cause each other member of the Controlled Group to make, on a timely basis,
      all
      required contributions to any Multiemployer Pension Plan; and

    

    (c) not,
      and
      not permit any other member of the Controlled Group to (i) seek a waiver of
      the
      minimum funding standards of ERISA, (ii) terminate or withdraw from any Pension
      Plan or Multiemployer Pension Plan or (iii) take any other action with respect
      to any Pension Plan that would reasonably be expected to entitle the PBGC to
      terminate, impose liability in respect of, or cause a trustee to be appointed
      to
      administer, any Pension Plan, unless the actions or events described in subparts
      (i), (ii) and (iii) individually or in the aggregate would not have a Material
      Adverse Effect.

    

    Section
      10.8. Environmental
      Matters.
      Borrower agrees that, if any release or threatened release or other disposal
      of
      Hazardous Substances shall occur or shall have occurred on any material real
      property or any other assets of any Parent Entity, Borrower shall, or shall
      cause the applicable Parent Entity to, cause the prompt containment and removal
      of such Hazardous Substances and the remediation of such real property or other
      assets as necessary to comply with all Environmental Laws and to preserve the
      value of such real property or other assets. Without limiting the generality
      of
      the foregoing, Borrower shall, and shall cause each other Parent Entity to,
      comply in all material respects with any Federal or state judicial or
      administrative order requiring the performance at any material real property
      of
      any Parent Entity of activities in response to the release or threatened release
      of a Hazardous Substance. To the extent that the transportation of Hazardous
      Substances is permitted by this Agreement, Borrower shall, and shall cause
      each
      other Parent Entity to, dispose of such Hazardous Substances, or of any other
      wastes, only at licensed disposal facilities operating in compliance with
      Environmental Laws.

    

    Section
      10.9. Further
      Assurances.
      Borrower agrees that it will promptly (as soon as reasonably practicable) take,
      and cause each other Parent Entity to take, such actions as are necessary or
      as
      Administrative Agent or the Required Lenders may reasonably request from time
      to
      time to ensure that the Secured Obligations under the Loan Documents are secured
      by substantially all of the assets of each Parent Entity (that is not a Dormant
      Subsidiary or a Foreign Subsidiary) and that the Secured Obligations are
      guaranteed by each Parent Entity (that is not Borrower, a Dormant Subsidiary
      or
      a Foreign Subsidiary) (including, upon the acquisition or creation thereof,
      any
      such Subsidiary of Parent acquired or created after the Closing Date), in each
      case as Administrative Agent may determine, including (a) the execution and
      delivery of guaranties, security agreements, pledge agreements, mortgages,
      deeds
      of trust, financing statements and other documents, and the filing or recording
      of any of the foregoing, and (b) the delivery of certificated securities and
      other Collateral with respect to which perfection is obtained by possession.
      

     

    
      
        
        

      

      
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    Section
      10.10. Deposit
      Accounts.
      In
      order to facilitate Administrative Agent’s and the Lenders’ maintenance and
      monitoring of their security interests in the Collateral, Borrower agrees that
      it will (unless Administrative Agent otherwise consents in writing), and will
      cause each other Credit Party to, maintain all of their principal deposit
      accounts with Administrative Agent; provided that, notwithstanding the
      foregoing, the Credit Parties shall be permitted to maintain deposit accounts
      (each an “Excepted Account”) with banks other than Administrative Agent so long
      as (a) the aggregate balance in all such deposit accounts shall not exceed
      Five
      Hundred Thousand Dollars ($500,000) at any time, or (b) such deposit accounts
      shall be subject to a daily automatic sweep wherein all deposits are transmitted
      daily, via wire transfer, to a deposit account maintained with Administrative
      Agent. On the Closing Date, all of the deposit accounts of the Credit Parties
      are listed on Schedule
      10.10.

    

    Section
      10.11. Interest
      Rate Protection.
      Borrower agrees that it will enter into, not later than ninety (90) days after
      the Closing Date, a Hedging Agreement with a term of at least three years on
      an
      ISDA standard form to hedge the interest rate with respect to not less than
      fifty percent (50%) of the principal amount of the Term Loan, in form and
      substance reasonably satisfactory to Administrative Agent.

    

    Section
      10.12. Syndication.
      Borrower agrees that it will enter into such modifications to the Loan Documents
      as Administrative Agent may reasonably request as necessary for the initial
      syndication of the Loans and the Commitments and, in the event such initial
      syndication shall prove to be impracticable in Administrative Agent’s reasonable
      determination, such modifications as Administrative Agent may reasonably request
      as necessary to make the syndication of the Loans and the Commitments reasonably
      practicable;
      provided that, without the written consent of Borrower, Administrative
      Agent
      may not
      change the amount of the Revolving Credit Commitment, the Term Loan Commitment
      or the CAPEX Commitment, shorten the maturity date of any Loan, or change the
      senior secured status of the credit facilities evidenced by this
      Agreement.

     

    ARTICLE
      XI. NEGATIVE COVENANTS.

    

    Section
      11.1. Indebtedness.
      Borrower agrees that it will not, and not permit any other Parent Entity to,
      create, incur, assume or suffer to exist any Indebtedness, except: 

     

    (a) Obligations
      under this Agreement and the other Loan Documents;

     

    
      
        
        

      

      
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    (b) Indebtedness
      secured by Liens permitted by Section
      11.2(d),
      and
      extensions, renewals and refinancings thereof; provided that the aggregate
      amount of all such Indebtedness at any time outstanding shall not exceed Two
      Million Five Hundred Thousand Dollars ($2,500,000);

    

    (c) loans
      to
      a Credit Party from a Parent Entity;

    

    (d) Hedging
      Obligations approved by Administrative Agent and incurred in favor of a Lender
      or an Affiliate thereof for bona fide hedging purposes and not for
      speculation;

    

    (e) the
      Indebtedness existing on the Closing Date as described on Schedule
      11.1
      and any
      extension, renewal or refinancing thereof so long as the principal amount
      thereof is not increased;

    

    (f) any
      Permitted Acquisition Earn-Outs;

    

    (g) Indebtedness
      owing to a Credit Party from a Parent Entity that is not a Credit Party, so
      long
      as the aggregate amount of all such Indebtedness owing from all such Parent
      Entities to all such Credit Parties does not exceed One Million Dollars
      ($1,000,000) at any time outstanding;

    

    (h) Indebtedness
      in connection with performance bonds or surety bonds provided in the ordinary
      course of business;

    

    (i) unsecured
      Indebtedness that is subordinated in right of payment to the Obligations
      hereunder and otherwise on terms and conditions reasonably acceptable to
      Administrative Agent up to, at any time outstanding, the greater of (i) Five
      Million Dollars ($5,000,000) or (ii) fifteen percent (15%) of Consolidated
      Net Worth for the most recently completed fiscal quarter of Parent;
      and

    

    (j) other
      unsecured Indebtedness, in addition to the Indebtedness listed above, up to,
      at
      any time outstanding, the greater of (i) Five Million Dollars ($5,000,000)
      or
      (ii) fifteen percent (15%) of Consolidated Net Worth for the most recently
      completed fiscal quarter of Parent.

    

    Section
      11.2. Liens.
      Borrower agrees that it will not, and not permit any other Parent Entity to,
      create or permit to exist (upon the happening of a contingency or otherwise)
      any
      Lien on any of its real or personal properties, assets or rights of whatsoever
      nature (whether now owned or hereafter acquired), except: 

    

    (a) Liens
      for
      taxes or other governmental charges not at the time delinquent or thereafter
      payable without penalty or being contested in good faith by appropriate
      proceedings and, in each case, for which adequate reserves shall have been
      established in accordance with GAAP;

     

    
      
        
        

      

      
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    (b) Liens
      arising in the ordinary course of business (such as (i) Liens of carriers,
      warehousemen, mechanics and materialmen and other similar Liens imposed by
      law
      and (ii) Liens in the form of deposits or pledges incurred in connection with
      worker’s compensation, unemployment compensation and other types of social
      security (excluding Liens arising under ERISA) or in connection with surety
      bonds, bids, performance bonds and similar obligations) for sums (A) not overdue
      or being contested in good faith by appropriate proceedings, (B) not involving
      any advances or borrowed money or the deferred purchase price of property or
      services, (C) that do not in the aggregate materially detract from the value
      of
      its property or assets or materially impair the use thereof in the operation
      of
      its business, and (D) in each case, for which it maintains adequate
      reserves;

    

    (c) Liens
      described on Schedule
      11.2
      as of
      the Closing Date and any extension, renewal or refinancing thereof so long
      as
      the debt secured thereby is not increased;

    

    (d) subject
      to the limitation set forth in Section
      11.1(b),
      (i)
      Liens arising in connection with Capital Leases (and attaching only to the
      property being leased), and (ii) Liens that constitute purchase money security
      interests on any property securing debt incurred for the purpose of financing
      all or any part of the cost of acquiring such property, provided that any such
      Lien attaches to such property within twenty (20) days of the acquisition
      thereof, is limited to the purchase price of such property and attaches solely
      to the property so acquired;

    

    (e) Liens
      on
      property or assets of a Subsidiary to secure obligations of such Subsidiary
      of
      Parent to a Credit Party;

    

    (f) easements,
      rights of way, restrictions, minor defects or irregularities in title and other
      similar Liens not interfering in any material respect with the ordinary conduct
      of the business of any Parent Entity;

    

    (g) Liens
      of
      Administrative Agent, for the benefit of the Lenders, created or arising under
      the Loan Documents; 

    

    (h)
       Liens
      on
      fixed assets as a result of an Acquisition permitted pursuant to Section
      11.4,
      so long
      as such Liens (i) are released within one hundred eighty (180) days of such
      Acquisition (unless Borrower shall have obtained the prior written consent
      of
      Administrative Agent and the Required Lenders or such Lien is otherwise
      permitted pursuant to another subpart of this Section
      11.2),
      and
      (ii) such Lien was not created at the time of or in contemplation of such
      Acquisition; and
      

    

    (i) other
      Liens, in addition to the Liens listed above, securing amounts, in the aggregate
      for all Parent Entities, not incurred in connection with the borrowing of money,
      not to exceed One Million Dollars ($1,000,000) at any time.

     

    
      
        
        

      

      
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    No
      Parent
      Entity shall enter into any contract or agreement (other than a contract or
      agreement entered into in connection with the purchase or lease of fixed assets
      that prohibits Liens on such fixed assets) that would prohibit Administrative
      Agent or the Lenders from acquiring a security interest, mortgage or other
      Lien
      on, or a collateral assignment of, any of the property or assets of such Parent
      Entity.

    

    Section
      11.3. Restricted
      Payments.
      Borrower agrees that it will not, and will not permit any other Parent Entity
      to, (a) make any distribution to holders of its Capital Securities (in their
      capacity as such holders) other than in shares of common stock, (b) purchase
      or
      redeem any of its Capital Securities, (c) make any distribution (other than
      as
      expressly permitted in the Subordination Agreement) in
      repayment, redemption, retirement or repurchase, directly or indirectly, of
      any
      Subordinated Indebtedness, (d) pay
      any
      management fees or similar fees to any of its equity holders or any Affiliate
      thereof, or (e) set aside funds for any of the foregoing. Notwithstanding the
      foregoing, (i) any Subsidiary of Parent may pay dividends or make other
      distributions to Borrower or any Guarantor of Payment; (ii) any Subsidiary
      of
      Parent that is not a Guarantor of Payment may make other distributions to any
      other Subsidiary of Parent; (iii) Borrower and each other Parent Entity may
      pay
      dividends, and make other distributions or pay management fees to Parent; and
      (iv) so long as no Default or Event of Default exists or would result therefrom,
      the Parent Entities may pay management fees to other Parent Entities or to
      Affiliates thereof, so long as the aggregate amount of all such management
      fees
      paid, for all such Parent Entities to all such Persons, does not exceed, in
      the
      aggregate, during each fiscal year of Parent, in excess of (A) Five Hundred
      Thousand Dollars ($500,000) for all managements fees paid in cash, and (B)
      a
      non-cash stock-based component of one percent (1%) for all non-cash management
      fees (calculated as one percent (1%) in stock of Parent for revenues in excess
      of Sixty Million Dollars ($60,000,000).

    

    Section
      11.4. Mergers,
      Consolidations, Sales.
      Borrower agrees that it will not, and not permit any other Parent Entity to,
      (a)
      be a party to any merger or consolidation, or purchase or otherwise acquire
      all
      or substantially all of the assets or any Capital Securities of any class of,
      or
      any partnership or joint venture interest in, any other Person, (b) sell,
      transfer, convey or lease all or any substantial part of its assets or Capital
      Securities (including the sale of Capital Securities of any Subsidiary) except
      for sales of inventory in the ordinary course of business, or (c) sell or assign
      with or without recourse any receivables; except for (i) any such merger,
      consolidation, sale, transfer, conveyance, lease or assignment of or by any
      Parent Entity into Borrower; (ii) any such purchase or other acquisition by
      any
      Credit Party of the assets or Capital Securities of any Company;
      (iii) Permitted Intercompany Mergers; (iv) the Concord Acquisition;
      and (v) any Acquisition by a Credit Party where:

    

    (A) the
      business or division acquired are for use, or the Person acquired is engaged,
      in
      similar or complementary lines of business engaged in by the Companies on the
      Closing Date;

    

    (B) immediately
      before and after giving effect to such Acquisition, no Default or Event of
      Default shall exist;

     

    
      
        
        

      

      
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    (C) the
      aggregate Consideration to be paid by the Parent Entities (including any
      Indebtedness assumed or issued in connection therewith, the amount thereof
      to be
      calculated in accordance with GAAP) in connection with such Acquisition (or
      any
      series of related Acquisitions) is less than the greater (1) of Ten Million
      Dollars ($10,000,000) or (2) fifty percent (50%) of Consolidated Net Worth
      for the most recently completed fiscal quarter of Parent;

    

    (D) immediately
      before and after giving effect to such Acquisition, Borrower is in pro forma
      compliance with all the financial ratios and restrictions set forth in
Section
      11.13;

    

    (E) in
      the
      case of the Acquisition of any Person, the board of directors or similar
      governing body of such Person has approved such Acquisition;

    

    (F) reasonably
      prior to such Acquisition, Administrative Agent shall have received complete
      current drafts (to be updated with material changes) of each material document,
      instrument and agreement to be executed in connection with such Acquisition
      together with all lien search reports and lien release letters and other
      documents as Administrative Agent may require to evidence the termination of
      Liens on the assets or business to be acquired;

    

    (G) not
      fewer
      than ten Business Days prior to such Acquisition, Administrative Agent shall
      have received an acquisition summary with respect to the Person and/or business
      or division to be acquired, such summary to include a reasonably detailed
      description thereof (including financial information) and operating results
      (including financial statements for the most recent twelve (12) month period
      for
      which they are available and as otherwise available), the terms and conditions,
      including economic terms, of the proposed Acquisition, and Parent’s calculation
      of pro forma EBITDA relating thereto;

    

    (H) Administrative
      Agent shall have approved Parent’s computation of pro forma EBITDA, in its good
      faith credit judgment;

    

    (I) the
      provisions of Section
      10.10
      have
      been satisfied;

    

    (J) in
      the
      case of a merger, amalgamation or other combination including Borrower, Borrower
      shall be the surviving entity;

    

    (K) in
      the
      case of a merger, amalgamation or other combination including a Credit Party
      (other than Borrower), such Credit Party shall be the surviving entity;
      and

    

    (L) simultaneously
      with the closing of such Acquisition, the target company (if such Acquisition
      is
      structured as a purchase of equity) or the Parent Entity (if such Acquisition
      is
      structured as a purchase of assets or a merger and a Parent Entity is the
      surviving entity) executes and delivers to Administrative Agent (1) such
      documents necessary to grant to Administrative Agent, for the benefit of the
      Lenders, a first priority Lien (subject to Liens expressly permitted pursuant
      to
      Section 11.2(h)) in all of the assets of such target company or surviving
      company, and their respective Subsidiaries, each in form and substance
      reasonably satisfactory to Administrative Agent, and (2) an unlimited guaranty
      of payment, or at the option of Administrative Agent in Administrative Agent’s
      absolute discretion, a joinder agreement satisfactory to Administrative Agent
      in
      which such target company or surviving company, and their respective
      subsidiaries becomes a borrower under this Agreement and assumes primary, joint
      and several liability for the Obligations, and (3) such opinions of counsel
      with respect to the target company as required by Administrative Agent, in
      its
      reasonable discretion.

     

    
      
        
        

      

      
        62

        
          

        

      

      
        
        

      

    

     

    Section
      11.5. Modification
      of Organizational Documents.
      Borrower agrees that it will not, without the prior written consent of
      Administrative Agent and the Required Lenders, permit the charter, by-laws
      or
      other organizational documents of any Parent Entity to be amended or modified
      in
      any way which could reasonably be expected to materially adversely affect the
      interests of the Lenders; not change, or allow any Parent Entity to change,
      its
      state of formation or its organizational form.

    

    Section
      11.6. Transactions
      with Affiliates.
      Borrower agrees that it will not, and not permit any other Parent Entity to,
      enter into, or cause, suffer or permit to exist any transaction, arrangement
      or
      contract with any of its other Affiliates (other than (a) the Credit
      Parties, (b) Permitted Intercompany Mergers, and (c) compensation upon
      fair and reasonable terms with Affiliates in transactions that are otherwise
      permitted hereunder) which is on terms which are less favorable than are
      obtainable from any Person which is not one of its Affiliates.

    

    Section
      11.7. Unconditional
      Purchase Obligations.
      Borrower agrees that it will not, and not permit any other Parent Entity to,
      enter into or be a party to any contract for the purchase of materials, supplies
      or other property or services if such contract requires that payment be made
      by
      it regardless of whether delivery is ever made of such materials, supplies
      or
      other property or services.

    

    Section
      11.8. Inconsistent
      Agreements.
      Borrower agrees that it will not, and not permit any other Parent Entity to,
      enter into any agreement containing any provision which would (a) be violated
      or
      breached by any borrowing by Borrower hereunder or by the performance by any
      Credit Party of any of its Obligations hereunder or under any other Loan
      Document, (b) prohibit any Parent Entity from granting to Administrative Agent
      and the Lenders, a Lien on any of its assets or (c) create or permit to exist
      or
      become effective any encumbrance or restriction on the ability of any Subsidiary
      to (i) pay dividends or make other distributions to any Parent Entity, or pay
      any Indebtedness owed to any Parent Entity, (ii) make loans or advances to
      any
      Parent Entity or (iii) transfer any of its assets or properties to any Parent
      Entity, other than (A) customary restrictions and conditions contained in
      agreements relating to the sale of all or a substantial part of the assets
      of
      any Subsidiary of Parent (other than Borrower) pending such sale, provided
      that
      such restrictions and conditions apply only to the Subsidiary to be sold and
      such sale is permitted hereunder (B) restrictions or conditions imposed by
      any agreement relating to purchase money Indebtedness, Capital Leases and other
      secured Indebtedness permitted by this Agreement if such restrictions or
      conditions apply only to the property or assets securing such Indebtedness
      and
      (C) customary provisions in leases and other contracts restricting the
      assignment thereof.

     

    
      
        
        

      

      
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    Section
      11.9. Business
      Activities.
      Borrower agrees that it will not, and will not permit any other Parent Entity
      to, engage in any line of business other than the businesses engaged in on
      the
      date hereof and businesses reasonably related or complementary
      thereto.

    

    Section
      11.10. Investments.
      Borrower agrees that it will not, and not permit any other Parent Entity to,
      create or hold any Subsidiary or make or permit to exist any Investment in
      any
      other Person, except the following: 

    

    (a) contributions
      by a Parent Entity to the capital of any other Parent Entity, so long as the
      recipient of any such capital contribution is a Credit Party;

    

    (b) Investments
      constituting Indebtedness permitted by Section
      11.1;

    

    (c) contingent
      liabilities constituting Indebtedness permitted by Section
      11.1
      or Liens
      permitted by Section
      11.2;

    

    (d) Cash
      Equivalent Investments;

    

    (e) bank
      deposits in the ordinary course of business, provided that the aggregate amount
      of all such deposits that are maintained with any bank other than a Lender
      shall
      be subject to a Control Agreement or shall not at any time exceed Five Hundred
      Thousand Dollars ($500,000) in the aggregate for all such deposits;

    

    (f) Investments
      in securities of Account Debtors received pursuant to any plan of reorganization
      or similar arrangement upon the bankruptcy or insolvency of such account
      debtors;

    

    (g) Investments
      to consummate Acquisitions permitted by Section
      11.4;
      

    

    (h) Investments
      listed on Schedule
      11.10
      as of
      the Closing Date;

    

    (i) loans
      or
      advances to officers, directors and employees of Borrower or any Subsidiaries
      of
      Borrower, or any other Credit Party, for travel, entertainment, relocation
      and
      analogous ordinary business purposes and in the ordinary course of business
      as
      presently conducted, other than any loans or advances that would be in violation
      of Section 402 of the Sarbanes-Oxley Act; provided that the aggregate principal
      amount of all such loans and advances permitted pursuant to this clause (i)
      shall not exceed Two Hundred Fifty Thousand Dollars ($250,000) at any time
      outstanding; 

    

    (j) Investments
      of (i) any Parent Entity in Borrower, (ii)  any Parent Entity in a
      Guarantor of Payment, or (iii) any Parent Entity that is not a Guarantor of
      Payment in another Parent Entity that is not a Guarantor of Payment; and

    

    (k) other
      Investments not to exceed One Million Dollars ($1,000,000) in the aggregate
      for
      all such other Investments;

     

    
      
        
        

      

      
        64

        
          

        

      

      
        
        

      

    

     

    provided
      that (i) any Investment that, when made, complies with the requirements of
      the
      definition of the term “Cash Equivalent Investment” may continue to be held
      notwithstanding that such Investment if made thereafter would not comply with
      such requirements; and (ii) no Investment shall be permitted to be made if,
      immediately before or after giving effect thereto, any Default or Event of
      Default exists.

    

    Section
      11.11. Restriction
      of Amendments to Certain Documents.
      Borrower agrees that it will not amend or otherwise modify, or waive any rights
      under, the Related Agreements, if, in any case, such amendment, modification
      or
      waiver could be adverse to the interests of the Lenders.

    

    Section
      11.12. Fiscal
      Year.
      Borrower agrees that it will not, and will not permit Parent, to change its
      Fiscal Year, except as required by law.

    

    Section
      11.13. Financial
      Covenants.
      

    

    11.13.1.
      Fixed
      Charge Coverage Ratio.
      Borrower agrees that it will not permit the Fixed Charge Coverage Ratio for
      any
      Computation Period to be less than the applicable ratio set forth below for
      such
      Computation Period:

    

    
      	
              Computation

              Period
                Ending

            	 	
              Fixed
                Charge

              Coverage
                Ratio

            
	
              December
                31, 2006

            	 	
              1.25
                to 1.00

            
	
              March
                31, 2007

            	 	
              1.25
                to 1.00

            
	
              June
                30, 2007

            	 	
              1.25
                to 1.00

            
	
              September
                30, 2007

            	 	
              1.25
                to 1.00

            
	
              December
                31, 2007

            	 	
              1.25
                to 1.00

            
	
              March
                31, 2008

            	 	
              1.35
                to 1.00

            
	
              June
                30, 2008

            	 	
              1.35
                to 1.00

            
	
              September
                30, 2008

            	 	
              1.35
                to 1.00

            
	
              December
                31, 2008

            	 	
              1.35
                to 1.00

            
	
              March
                31, 2009

            	 	
              1.50
                to 1.00

            
	
              June
                30, 2009

            	 	
              1.50
                to 1.00

            
	
              September
                30, 2009

            	 	
              1.50
                to 1.00

            
	
              December
                31, 2009

            	 	
              1.50
                to 1.00

            
	
              March
                31, 2010

            	 	
              1.50
                to 1.00

            
	
              June
                30, 2010

            	 	
              1.50
                to 1.00

            
	
              September
                30, 2010

            	 	
              1.50
                to 1.00

            
	
              December
                31, 2010

            	 	
              1.50
                to 1.00

            
	
              March
                31, 2011

            	 	
              1.50
                to 1.00

            
	
              June
                30, 2011

            	 	
              1.50
                to 1.00

            
	
              September
                30, 2011

            	 	
              1.50
                to 1.00

            

    

     

    
      
        
        

      

      
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    11.13.2.
      Total
      Debt to EBITDA Ratio.
      Borrower agrees that it will not permit the Total Debt to EBITDA Ratio as of
      the
      last day of any Computation Period to exceed the applicable ratio set forth
      below for such Computation Period:

    

    
      	
              Computation

              Period
                Ending

            	 	
              Total
                Debt to

              EBITDA
                Ratio

            
	
              December
                31, 2006

            	 	
              3.50
                to 1.00

            
	
              March
                31, 2007

            	 	
              3.50
                to 1.00

            
	
              June
                30, 2007

            	 	
              3.50
                to 1.00

            
	
              September
                30, 2007

            	 	
              3.25
                to 1.00

            
	
              December
                31, 2007

            	 	
              3.00
                to 1.00

            
	
              March
                31, 2008

            	 	
              3.00
                to 1.00

            
	
              June
                30, 2008

            	 	
              2.75
                to 1.00

            
	
              September
                30, 2008

            	 	
              2.50
                to 1.00

            
	
              December
                31, 2008

            	 	
              2.50
                to 1.00

            
	
              March
                31, 2009

            	 	
              2.50
                to 1.00

            
	
              June
                30, 2009

            	 	
              2.50
                to 1.00

            
	
              September
                30, 2009

            	 	
              2.50
                to 1.00

            
	
              December
                31, 2009

            	 	
              2.50
                to 1.00

            
	
              March
                31, 2010

            	 	
              2.50
                to 1.00

            
	
              June
                30, 2010

            	 	
              2.50
                to 1.00

            
	
              September
                30, 2010

            	 	
              2.50
                to 1.00

            
	
              December
                31, 2010

            	 	
              2.50
                to 1.00

            
	
              March
                31, 2011

            	 	
              2.50
                to 1.00

            
	
              June
                30, 2011

            	 	
              2.50
                to 1.00

            
	
              September
                30, 2011

            	 	
              2.50
                to 1.00

            

    

    

    11.13.3.
      Consolidated
      Capital Expenditures.
      Borrower agrees that it will not permit the aggregate amount of all Consolidated
      Capital Expenditures made by the Parent Entities to exceed (a) Three Million
      Dollars ($3,000,000) in Fiscal Year 2006, (b) Two Million Five Hundred Thousand
      Dollars ($2,500,000) in Fiscal Year 2007, (c) One Million Five Hundred Thousand
      Dollars ($1,500,000) in Fiscal Year 2008, (d) One Million Five Hundred Thousand
      Dollars ($1,500,000) in Fiscal Year 2009, and (e) One Million Five Hundred
      Thousand Dollars ($1,500,000) in Fiscal Year 2010. If the Parent Entities do
      not
      utilize the entire amount of Consolidated Capital Expenditures permitted in
      any
      Fiscal Year, the Parent Entities may carry forward, to the immediately
      succeeding Fiscal Year only, (a) one hundred percent (100%) of such unutilized
      amount from Fiscal Year 2006, and (b) fifty percent (50%) of such unutilized
      amount from Fiscal Year 2007 and each Fiscal Year therafter. 

     

    ARTICLE
      XII. EFFECTIVENESS; CONDITIONS OF LENDING.

    

    Section
      12.1. Initial
      Credit Extension.
      The
      obligation of the Lenders and the Swing Line Lender to make the initial Loans
      and the obligation of the Issuing Lender to issue its initial Letter of Credit
      (whichever first occurs) is, in addition to the conditions precedent specified
      in Section
      12.2,
      subject
      to Borrower satisfying each of the following conditions precedent:

     

    
      
        
        

      

      
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    12.1.1.
      Notes.
      Borrower shall have executed and delivered to each Lender a Revolving Credit
      Note, a Term Note and a CAPEX Note, and shall have executed and delivered to
      the
      Swing Line Lender the Swing Line Note.

    

    12.1.2.
      Guaranty
      and Collateral Agreement.
      Parent,
      Borrower and each Subsidiary Guarantor of Payment shall have executed and
      delivered to Administrative Agent a counterpart of the Guaranty and Collateral
      Agreement, in form and substance satisfactory to Administrative Agent, together
      with all agreements, instruments, transfer powers and other items required
      to be
      delivered in connection therewith.

    

    12.1.3.
      Control
      Agreements.
      Borrower shall deliver to Administrative Agent an executed Control Agreement,
      in
      form and substance reasonably satisfactory to Administrative Agent, for each
      deposit account (other than an Excepted Account) maintained by a Credit
      Party.

    

    12.1.4.
      Leased
      or Mortgaged Real Property.
      In the
      case of any material leased real property, as set forth on Schedule
      9.17
      hereto,
      a Collateral Access Agreement from the landlord of such property waiving any
      landlord’s Lien in respect of personal property kept at the premises subject to
      such lease and in the case of any mortgaged real property, a waiver from the
      mortgagee thereof waiving any Lien in respect of personal property kept at
      the
      premises subject to such Mortgage, permitting access to the location by
      Administrative Agent and its agents and containing such other terms and
      provisions as may be required by Administrative Agent.

    

    12.1.5.
      Bailee’s
      Waivers.
      Borrower shall have delivered bailees’ waivers, in form and substance
      satisfactory to Administrative Agent, for each location where a Credit Party
      maintains any inventory with a bailee, together with filed UCC financing
      statements, in form and substance satisfactory to Administrative
      Agent.

    

    12.1.6.
      Real
      Estate Documents.
      With
      respect to each material parcel of real property owned by any Credit Party,
      such
      Credit Party shall have delivered to Administrative Agent a duly executed
      Mortgage providing for a fully perfected Lien, in favor of Administrative Agent,
      for the benefit of the Lenders, in all right, title and interest of such Credit
      Party in such real property.

    

    12.1.7
      Subordination
      Agreement.
      Borrower shall have delivered a Subordination Agreement, fully executed by
      each
      Subordinated Creditor, in form and substance satisfactory to Agent.

    

    12.1.8.
      Authorization
      Documents.
      Each
      Credit Party shall have delivered to Administrative Agent an officer’s
      certificate (or comparable domestic or foreign documents) certifying the names
      of the officers of such Credit Party authorized to sign the Loan Documents,
      together with the true signatures of such officers and certified copies of
      (a)
      the charter (or similar formation document) of such Credit Party, certified
      by
      the appropriate governmental authority; (b) a good standing certificates in
      such
      Credit Party’s state of incorporation (or formation) and in each other state
      such Credit Party is qualified as a foreign entity; (c) the bylaws (or similar
      governing document) of such Credit Party; and (d) the resolutions of such Credit
      Party’s board of directors (or similar governing body) approving and authorizing
      such Credit Party’s execution, delivery and performance of the Loan Documents to
      which it is party and the transactions contemplated thereby; all certified
      by
      such Credit Party’s secretary or an assistant secretary (or similar officer) as
      being in full force and effect without modification.

     

    
      
        
        

      

      
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    12.1.9.
      Search
      Results; Lien Terminations.
      Certified copies of Uniform Commercial Code lien searches and the results of
      federal and state tax lien and judicial lien searches, satisfactory to
      Administrative Agent and the Lender dated a date reasonably near to the Closing
      Date, listing all effective financing statements which name any Company (under
      their present names and any previous names) as debtors, together with (a) copies
      of such financing statements, (b) payoff letters evidencing repayment in full
      of
      all Debt to be Repaid, the termination of all agreements relating thereto and
      the release of all Liens granted in connection therewith, with Uniform
      Commercial Code or other appropriate termination statements and documents
      effective to evidence the foregoing (other than Liens permitted by Section
      11.2),
      and
      (c) such other Uniform Commercial Code termination statements as Administrative
      Agent may reasonably request.

    

    12.1.10.
      Filings,
      Registrations and Recordings.
      Administrative Agent shall have received each document (including Uniform
      Commercial Code financing statements) required by the Collateral Documents
      or
      under law or reasonably requested by Administrative Agent to be filed,
      registered or recorded in order to create in favor of Administrative Agent,
      for
      the benefit of the Lenders, a perfected Lien on the collateral described
      therein, prior to any other Liens (subject only to Liens permitted pursuant
      to
Section
      11.2),
      in
      proper form for filing, registration or recording.

    

    12.1.11.
      Opinions
      of Counsel.
      Borrower shall have delivered to Administrative Agent opinions of counsel for
      each Credit Party and all opinions issued pursuant to the Related
      Transactions.

    

    12.1.12.
      Accounting
      Study.
      Borrower shall have delivered to Administrative Agent the “382 Study”, completed
      by Ernst & Young LLP, regarding the ability of each Credit Party to utilize
      the net operating loss carryforwards from Parent, in form and substance
      satisfactory to Administrative Agent.

    

    12.1.13.
      Insurance.
      Borrower shall have delivered to Administrative Agent evidence of the existence
      of insurance required to be maintained pursuant to Section
      10.3(b),
      together with evidence that Administrative Agent has been named as a lender’s
      loss payee and an additional insured on all related insurance
      policies.

    

    12.1.14.
      Copies
      of Related Agreements.
      Borrower shall have delivered to Administrative Agent (a) executed copies of
      the
      Related Agreements certified by the secretary or assistant secretary (or similar
      officer) of Borrower as being true, accurate and complete, and (b) evidence
      reasonably satisfactory to Administrative Agent that the total Consideration
      paid for the Concord Acquisition and the Wilmington Acquisition will not exceed
      Forty-Four Million Five Hundred Thousand Dollars ($44,500,000), specifically
      excluding any adjustments for working capital. 

     

    
      
        
        

      

      
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    12.1.15.
      Additional
      Capital.
      Borrower shall have delivered to Administrative Agent evidence, reasonably
      satisfactory to Administrative Agent, that Borrower has received (a) cash equity
      contributions from Parent in an amount not less than Fourteen Million Dollars
      ($14,000,000), and (b) net cash proceeds of not less than Three Million Dollars
      ($3,000,000) of additional equity.

    

    12.1.16.
      Agent
      Fee Letter and Other Fees.
      Borrower shall have (a) executed and delivered to Administrative Agent, the
      Agent Fee Letter and paid to Administrative Agent, for its sole account, the
      fees stated therein, (b) paid all Attorney Costs of Administrative Agent in
      connection with the preparation and negotiation of the Loan Documents, to the
      extent invoiced prior to the Closing Date, plus such additional amounts of
      Attorney Costs as shall constitute Administrative Agent’s reasonable estimate of
      Attorney Costs incurred or to be incurred by Administrative Agent through the
      closing proceedings (provided that such estimate shall not thereafter preclude
      final settling of accounts between Borrower and Administrative Agent), and
      (c)
      paid all other accrued and unpaid fees, costs and expenses of Administrative
      Agent to the extent due and payable on the Closing Date.

    

    12.1.17.
      Solvency
      Certificate.
      Borrower shall have delivered to Administrative Agent a solvency certificate
      executed by a Senior Officer of Parent.

    

    12.1.18.
      Financial
      Reports.
      Borrower shall have delivered to Administrative Agent audited financial
      statements of Concord, completed by McGladrey & Pullen, LLP, Sullivan &
Company CPA LLP, Syner Cavallaro & Cabral or such other accounting firm
      acceptable to Administrative Agent, prepared on a consolidated basis and in
      accordance with GAAP, for Fiscal Year 2003, Fiscal Year 2004 and Fiscal Year
      2005.

    

    12.1.19.
      Pro
      Forma Projections.
      Borrower shall have delivered to Administrative Agent a Consolidated
      pro forma balance sheet and statement of earnings and cash flows of
      Borrower as of the Closing Date, adjusted to give effect to the consummation
      of
      the Related Transactions and the financings contemplated hereby, as if such
      transactions had occurred on such date, consistent in all material respects
      with
      the sources and uses of cash as previously described to Administrative Agent
      and
      the Lenders and the forecasts previously provided to Administrative Agent and
      the Lenders.

    

    12.1.20.
      Collateral
      Audit.
      The
      results of a collateral field audit, satisfactory to Administrative Agent in
      its
      sole discretion, shall have been delivered to Administrative Agent.

    

    12.1.21.
      Availability.
      On the
      Closing Date, the amount equal to (a) the Revolving Credit Commitment minus
      (b)
      the sum of (i) any fees and expenses due under Section
      12.1.18,
      and
      (ii) Borrower’s initial credit request under the Revolving Credit Commitment,
      shall be no less than Seven Million Dollars ($7,000,000). 

    

    12.1.22.
      Initial
      Total Debt to EBITDA Ratio.
      After
      giving effect to the initial funding of the Loans on the Closing Date, the
      Total
      Debt to EBITDA Ratio shall be less than or equal to 2.75 to 1.00.

     

    
      
        
        

      

      
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    12.1.23.
      Borrowing
      Base Certificate.
      Borrower shall have delivered to Administrative Agent a Borrowing Base
      Certificate dated as of the Closing Date.

    

    12.1.24.
      Closing
      Certificate, Consents and Permits.
      Borrower shall have delivered to Administrative Agent a certificate executed
      by
      an officer of Borrower on behalf of Borrower certifying (a) the matters set
      forth in Section
      12.2.1
      as of
      the Closing Date and (b) the occurrence of the closing of the Related
      Transactions and that such closing has been consummated in accordance with
      the
      terms of the Related Agreements without waiver of any material condition
      thereof; together with evidence that (i) all necessary governmental, regulatory,
      creditor, shareholder, partner and other material consents, approvals and
      exemptions required to be obtained by Borrower in connection with the Related
      Transactions have been duly obtained and are in full force and effect, and
      (ii)
      all material permits necessary for the operation of any businesses acquired
      in
      connection with the Related Transactions have been obtained. 

    

    12.1.25.
      Debt
      to be Repaid.
      Borrower shall have delivered to Administrative Agent evidence, satisfactory
      to
      Administrative Agent, that all Debt to be Repaid, as listed on Schedule
      12.1
      hereto,
      has been (or concurrently with the initial borrowing will be) paid in full,
      and
      that all agreements and instruments governing the Debt to be Repaid and that
      all
      Liens securing such Debt to be Repaid have been (or concurrently with the
      initial borrowing will be) terminated. 

    

    12.1.26.
      Other.
      Borrower shall have delivered to Administrative Agent such other documents
      as
      Administrative Agent or any Lender may reasonably request.

    

    Section
      12.2. Conditions.
      The
      obligation (a) of each Lender to make each Loan, and (b) of the Issuing
      Lender to issue each Letter of Credit, is subject to the following further
      conditions precedent that:

    

    12.2.1.
      Compliance
      with Warranties, No Default.
      Both
      before and after giving effect to any borrowing and the issuance of any Letter
      of Credit, the following statements shall be true and correct:

    

    (a) the
      representations and warranties of each Parent Entity set forth in the Loan
      Documents shall be true and correct in all material respects with the same
      effect as if then made (except to the extent stated to relate to a specific
      earlier date, in which case such representations and warranties shall be true
      and correct as of such earlier date); and 

    

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

    

    12.2.2.
      Confirmatory
      Certificate.
      If
      requested by Administrative Agent or any Lender, Administrative Agent shall
      have received (in sufficient counterparts to provide one to each Lender) a
      certificate dated the date of such requested Loan or Letter of Credit and signed
      by a duly authorized representative of Borrower as to the matters set out in
      Section
      12.2.1
      (it
      being understood that each request by Borrower for the making of a Loan or
      the
      issuance of a Letter of Credit shall be deemed to constitute a representation
      and warranty by Borrower that the conditions precedent set forth in Section
      12.2.1
      will be
      satisfied at the time of the making of such Loan or the issuance of such Letter
      of Credit), together with such other documents as Administrative Agent or any
      Lender may reasonably request in support thereof.

     

    
      
        
        

      

      
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    ARTICLE
      XIII. EVENTS OF DEFAULT AND THEIR EFFECT.

    

    Section
      13.1. Events
      of Default.
      Each of
      the following shall constitute an Event of Default under this
      Agreement:

    

    13.1.1.
      Non-Payment
      of Obligations.
      If (a)
      the interest on any Loan or any Non-Use Fee or other fee shall not be paid
      in
      full when due and payable or within five days thereafter, or (b) the
      principal of any Loan or any reimbursement obligations with respect to any
      Letter of Credit shall not be paid in full when due and payable.

    

    13.1.2.
      Non-Payment
      of Other Indebtedness.
      Any
      default shall occur under the terms applicable to any Indebtedness of any Parent
      Entity in an aggregate amount (for all such Indebtedness so affected and
      including undrawn committed or available amounts and amounts owing to all
      creditors under any combined or syndicated credit arrangement) exceeding One
      Million Dollars ($1,000,000) and such default shall (a) consist of the failure
      to pay such Indebtedness when due, whether by acceleration or otherwise, or
      (b)
      accelerate the maturity of such Indebtedness or permit the holder or holders
      thereof, or any trustee or agent for such holder or holders, to cause such
      Indebtedness to become due and payable (or require any Parent Entity to purchase
      or redeem such Indebtedness or post cash collateral in respect thereof) prior
      to
      its expressed maturity.

    

    13.1.3.
      Other
      Material Obligations.
      Default
      in the payment when due, or in the performance or observance of, any material
      obligation of, or condition agreed to by, any Parent Entity with respect to
      any
      material purchase or lease of goods or services where such default, singly
      or in
      the aggregate with all other such defaults, might reasonably be expected to
      have
      a Material Adverse Effect.

    

    13.1.4.
      Bankruptcy
      and Insolvency.
      Any
      Parent Entity becomes insolvent or generally fails to pay, or admits in writing
      its inability or refusal to pay, debts as they become due; or any Parent Entity
      applies for, consents to, or acquiesces in the appointment of a trustee,
      receiver or other custodian for such Parent Entity or any property thereof,
      or
      makes a general assignment for the benefit of creditors; or, in the absence
      of
      such application, consent or acquiescence, a trustee, receiver or other
      custodian is appointed for any Parent Entity or for a substantial part of the
      property of any thereof and is not discharged within sixty (60) days; or any
      bankruptcy, reorganization, debt arrangement, or other case or proceeding under
      any bankruptcy or insolvency law, or any dissolution or liquidation proceeding,
      is commenced in respect of any Parent Entity, and if such case or proceeding
      is
      not commenced by such Parent Entity, it is consented to or acquiesced in by
      such
      Parent Entity, or remains for sixty (60) days undismissed or unstayed; or any
      Parent Entity takes any action to authorize, or in furtherance of, any of the
      foregoing.

     

    
      
        
        

      

      
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    13.1.5.
      Special
      Covenants.
      Any
      Parent Entity shall fail or omit to perform and observe Sections
      10.1.5,
      10.3(b)
      (and
      such failure continues for five Business Days with respect to Section 10.3(b))
      or 10.5
      or
Sections
      11.1,
      11.2,
      11.3,
      11.4,
      11.10
      or
11.14.
      

    

    13.1.6.
      Other
      Covenants.
      Any
      Parent Entity shall fail or omit to perform and observe any agreement or other
      provision (other than those referred to in Sections
      13.1.1
      or
13.1.5)
      contained or referred to in this Agreement or any other Loan Document that
      is on
      such Parent Entity’s part to be complied with, and that such Event of Default
      shall not have been fully corrected within thirty (30) days after the earlier
      of
      (a) any Senior Officer of such Parent Entity becomes aware of the occurrence
      thereof, or (b) the giving of written notice thereof to Borrower by
      Administrative Agent that the specified Default is to be remedied.

    

    13.1.7.
      Representations
      and Warranties.
      Any
      representation or warranty made by any Parent Entity herein or any other Loan
      Document is breached or is false or misleading in any material respect, or
      any
      schedule, certificate, financial statement, report, notice or other writing
      furnished by any Parent Entity to Administrative Agent or any Lender in
      connection herewith is false or misleading in any material respect.

    

    13.1.8.
      Pension
      Plans.
      (a) Any Person institutes steps to terminate a Pension Plan if as a result
      of such termination Borrower or any member of the Controlled Group could be
      required to make a contribution to such Pension Plan, or could incur a liability
      or obligation to such Pension Plan, in excess of Five Hundred Thousand Dollars
      ($500,000); (b) a contribution failure occurs with respect to any Pension
      Plan sufficient to give rise to a Lien under Section 302(f) of ERISA;
      (c) the Unfunded Liability exceeds twenty percent of the Total Plan
      Liability, or (d) there shall occur any withdrawal or partial withdrawal
      from a Multiemployer Pension Plan and the withdrawal liability (without unsacred
      interest) to Multiemployer Pension Plans as a result of such withdrawal
      (including any outstanding withdrawal liability that Borrower or any member
      of
      the Controlled Group have incurred on the date of such withdrawal) exceeds
      Five
      Hundred Thousand Dollars ($500,000).

    

    13.1.9.
      Judgments.
      Final
      judgments which exceed an aggregate of One Million Dollars ($1,000,000) (to
      the
      extent not covered by independent third-party insurance as to which the insurer
      does not dispute coverage) shall be rendered against one or more Parent Entities
      and shall not have been paid, discharged or vacated or had execution thereof
      stayed pending appeal within thirty (30) days after entry or filing of such
      judgments.

    

    13.1.10.
      Security.
      If any
      Lien granted in any Loan Document in favor of Administrative Agent, for the
      benefit of the Lenders, shall be determined to be (a) void, voidable or invalid,
      or is subordinated or not otherwise given the priority contemplated by the
      Loan
      Documents and Borrower has failed to promptly execute appropriate documents
      to
      correct such matters, or (b) unperfected as to any material amount of Collateral
      (as determined by Administrative Agent, in its reasonable
      discretion).

    

    13.1.11.
      Invalidity
      of Documents.
      Any
      Loan Document shall cease to be in full force and effect; or any Parent Entity
      (or any Person by, through or on behalf of any Parent Entity) shall contest
      in
      any manner the validity, binding nature or enforceability of any Loan
      Document.

     

    
      
        
        

      

      
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    13.1.12.
      Change
      in Control.
      A
      Change in Control shall occur.

    

    13.1.13.
      Material
      Adverse Effect.
      The
      occurrence of any event having a Material Adverse Effect.

    

    Section
      13.2. Effect
      of Event of Default.
      If any
      Event of Default described in Section
      13.1.4
      shall
      occur in respect of Borrower, the Commitments shall immediately terminate and
      the Loans and all other Obligations hereunder shall become immediately due
      and
      payable and Borrower shall become immediately obligated to Cash Collateralize
      all Letters of Credit, all without presentment, demand, protest or notice of
      any
      kind; and, if any other Event of Default shall occur and be continuing,
      Administrative Agent may with the consent of the Required Lenders, and shall,
      upon the written request of the Required Lenders, declare the Commitments to
      be
      terminated in whole or in part and/or declare all or any part of the Loans
      and
      all other Obligations hereunder to be due and payable and/or demand that
      Borrower immediately Cash Collateralize all or any Letters of Credit, whereupon
      the Commitment shall immediately terminate (or be reduced, as applicable) and/or
      the Loans and other Obligations hereunder shall become immediately due and
      payable (in whole or in part, as applicable) and/or Borrower shall immediately
      become obligated to Cash Collateralize the Letters of Credit (all or any, as
      applicable), all without presentment, demand, protest or notice of any kind.
      Administrative Agent shall promptly advise Borrower of any such declaration,
      but
      failure to do so shall not impair the effect of such declaration. Any cash
      collateral delivered hereunder shall be held by Administrative Agent (without
      liability for interest thereon) and applied to the Obligations arising in
      connection with any drawing under a Letter of Credit. After the expiration
      or
      termination of all Letters of Credit, such cash collateral shall be applied
      by
      Administrative Agent to any remaining Obligations hereunder and any excess
      shall
      be delivered to Borrower or as a court of competent jurisdiction may
      elect.

     

    ARTICLE
      XIV. THE ADMINISTRATIVE AGENT.

    

    Section
      14.1. Appointment
      and Authorization.
      Each
      Lender hereby irrevocably (subject to Section
      14.10)
      appoints, designates and authorizes Administrative Agent to take such action
      on
      its behalf under the provisions of this Agreement and each other Loan Document
      and to exercise such powers and perform such duties as are expressly delegated
      to it by the terms of this Agreement or any other Loan Document, together with
      such powers as are reasonably incidental thereto. Notwithstanding any provision
      to the contrary contained elsewhere in this Agreement or in any other Loan
      Document, Administrative Agent shall not have any duty or responsibility except
      those expressly set forth herein, nor shall Administrative Agent have or be
      deemed to have any fiduciary relationship with any Lender or participant, and
      no
      implied covenants, functions, responsibilities, duties, obligations or
      liabilities shall be read into this Agreement or any other Loan Document or
      otherwise exist against Administrative Agent. Without limiting the generality
      of
      the foregoing sentence, the use of the term “agent” herein and in other Loan
      Documents with reference to Administrative Agent is not intended to connote
      any
      fiduciary or other implied (or express) obligations arising under agency
      doctrine of any applicable law. Instead, such term is used merely as a matter
      of
      market custom, and is intended to create or reflect only an administrative
      relationship between independent contracting parties.

     

    
      
        
        

      

      
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    Section
      14.2. Issuing
      Lender.
      The
      Issuing Lender shall act on behalf of the Lenders (according to their Pro Rata
      Shares) with respect to any Letters of Credit issued by it and the documents
      associated therewith. The Issuing Lender shall have all of the benefits and
      immunities (a) provided to Administrative Agent in this Article
      XIV
      with
      respect to any acts taken or omissions suffered by the Issuing Lender in
      connection with Letters of Credit issued by it or proposed to be issued by
      it
      and the applications and agreements for letters of credit pertaining to such
      Letters of Credit as fully as if the term “Administrative Agent”, as used in
      this Article
      XIV,
      included the Issuing Lender with respect to such acts or omissions, and (b)
      as
      additionally provided in this Agreement with respect to the Issuing
      Lender.

    

    Section
      14.3 Delegation
      of Duties.
      Administrative Agent may execute any of its duties under this Agreement or
      any
      other Loan Document by or through agents, employees or attorneys-in-fact and
      shall be entitled to advice of counsel and other consultants or experts
      concerning all matters pertaining to such duties. Administrative Agent shall
      not
      be responsible for the negligence or misconduct of any agent or attorney-in-fact
      that it selects in the absence of gross negligence or willful
      misconduct.

    

    Section
      14.4. Exculpation
      of Administrative Agent.
      None of
      Administrative Agent nor any of its directors, officers, employees or agents
      shall (a) be liable for any action taken or omitted to be taken by any of them
      under or in connection with this Agreement or any other Loan Document or the
      transactions contemplated hereby (except to the extent resulting from its own
      gross negligence or willful misconduct in connection with its duties expressly
      set forth herein as determined by a final, nonappealable judgment by a court
      of
      competent jurisdiction), or (b) be responsible in any manner to any Lender
      or
      participant for any recital, statement, representation or warranty made by
      any
      Parent Entity or Affiliate of Borrower, or any officer thereof, contained in
      this Agreement or in any other Loan Document, or in any certificate, report,
      statement or other document referred to or provided for in, or received by
      Administrative Agent under or in connection with, this Agreement or any other
      Loan Document, or the validity, effectiveness, genuineness, enforceability
      or
      sufficiency of this Agreement or any other Loan Document (or the creation,
      perfection or priority of any Lien or security interest therein), or for any
      failure of Borrower or any other party to any Loan Document to perform its
      Obligations hereunder or thereunder. Administrative Agent shall not be under
      any
      obligation to any Lender to ascertain or to inquire as to the observance or
      performance of any of the agreements contained in, or conditions of, this
      Agreement or any other Loan Document, or to inspect the properties, books or
      records of Borrower or any of Borrower’s Subsidiaries or
      Affiliates.

    

    Section
      14.5. Reliance
      by Administrative Agent.
      Administrative Agent shall be entitled to rely, and shall be fully protected
      in
      relying, upon any writing, communication, signature, resolution, representation,
      notice, consent, certificate, electronic mail message, affidavit, letter,
      telegram, facsimile, telex or telephone message, statement or other document
      or
      conversation believed by it to be genuine and correct and to have been signed,
      sent or made by the proper Person or Persons, and upon advice and statements
      of
      legal counsel (including counsel to Borrower), independent accountants and
      other
      experts selected by Administrative Agent. Administrative Agent shall be fully
      justified in failing or refusing to take any action under this Agreement or
      any
      other Loan Document unless it shall first receive such advice or concurrence
      of
      the Required Lenders as it deems appropriate and, if it so requests,
      confirmation from the Lenders of their obligation to indemnify Administrative
      Agent against any and all liability and expense which may be incurred by it
      by
      reason of taking or continuing to take any such action. Administrative Agent
      shall in all cases be fully protected in acting, or in refraining from acting,
      under this Agreement or any other Loan Document in accordance with a request
      or
      consent of the Required Lenders and such request and any action taken or failure
      to act pursuant thereto shall be binding upon each Lender. For purposes of
      determining compliance with the conditions specified in Article
      XII,
      each
      Lender that has signed this Agreement shall be deemed to have consented to,
      approved or accepted or to be satisfied with, each document or other matter
      required thereunder to be consented to or approved by or acceptable or
      satisfactory to a Lender unless Administrative Agent shall have received written
      notice from such Lender prior to the proposed Closing Date specifying its
      objection thereto.

     

    
      
        
        

      

      
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    Section
      14.6. Notice
      of Default.
      Administrative Agent shall not be deemed to have knowledge or notice of the
      occurrence of any Default, or Event of Default except with respect to defaults
      in the payment of principal, interest and fees required to be paid to
      Administrative Agent for the account of the Lenders, unless Administrative
      Agent
      shall have received written notice from a Lender or Borrower referring to this
      Agreement, describing such Default or Event of Default and stating that such
      notice is a “notice of default”. Administrative Agent will notify the Lenders of
      its receipt of any such notice. Administrative Agent shall take such action
      with
      respect to such Default or Event of Default as may be requested by the Required
      Lenders in accordance with Section
      13.2;
      provided that, unless and until Administrative Agent has received any such
      request, Administrative Agent may (but shall not be obligated to) take such
      action, or refrain from taking such action, with respect to such Default or
      Event of Default as it shall deem advisable or in the best interest of the
      Lenders.

    

    Section
      14.7. Credit
      Decision.
      Each
      Lender acknowledges that Administrative Agent has not made any representation
      or
      warranty to it, and that no act by Administrative Agent hereafter taken,
      including any consent and acceptance of any assignment or review of the affairs
      of the Companies, shall be deemed to constitute any representation or warranty
      by Administrative Agent to any Lender as to any matter, including whether
      Administrative Agent has disclosed material information in its possession.
      Each
      Lender represents to Administrative Agent that it has, independently and without
      reliance upon Administrative Agent and based on such documents and information
      as it has deemed appropriate, made its own appraisal of and investigation into
      the business, prospects, operations, property, financial and other condition
      and
      creditworthiness of the Companies, and made its own decision to enter into
      this
      Agreement and to extend credit to Borrower hereunder. Each Lender also
      represents that it will, independently and without reliance upon Administrative
      Agent and based on such documents and information as it shall deem appropriate
      at the time, continue to make its own credit analysis, appraisals and decisions
      in taking or not taking action under this Agreement and the other Loan
      Documents, and to make such investigations as it deems necessary to inform
      itself as to the business, prospects, operations, property, financial and other
      condition and creditworthiness of Borrower and its Affiliates. Except for
      notices, reports and other documents expressly herein required to be furnished
      to the Lenders by Administrative Agent, Administrative Agent shall not have
      any
      duty or responsibility to provide any Lender with any credit or other
      information concerning the business, prospects, operations, property, financial
      or other condition or creditworthiness of Borrower and its Affiliates which
      may
      come into the possession of Administrative Agent.

     

    
      
        
        

      

      
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    Section
      14.8. Indemnification.
      Whether
      or not the transactions contemplated hereby are consummated, each Lender shall
      indemnify upon demand Administrative Agent and its directors, officers,
      employees and agents (to the extent not reimbursed by or on behalf of Borrower
      and without limiting the obligation of Borrower to do so), according to its
      applicable Pro Rata Share, from and against any and all Indemnified Liabilities
      (as hereinafter defined); provided that no Lender shall be liable for any
      payment to any such Person of any portion of the Indemnified Liabilities to
      the
      extent determined by a final, nonappealable judgment by a court of competent
      jurisdiction to have resulted from the applicable Person’s own gross negligence
      or willful misconduct. No action taken in accordance with the directions of
      the
      Required Lenders shall be deemed to constitute gross negligence or willful
      misconduct for purposes of this Section. Without limitation of the foregoing,
      each Lender shall reimburse Administrative Agent upon demand for its ratable
      share of any costs or out-of-pocket expenses (including Attorney Costs and
      Taxes) incurred by Administrative Agent in connection with the preparation,
      execution, delivery, administration, modification, amendment or enforcement
      (whether through negotiations, legal proceedings or otherwise) of, or legal
      advice in respect of rights or responsibilities under, this Agreement, any
      other
      Loan Document, or any document contemplated by or referred to herein, to the
      extent that Administrative Agent is not reimbursed for such expenses by or
      on
      behalf of Borrower. The undertaking in this Section 14.8 shall survive
      repayment of the Loans, cancellation of the Notes, expiration or termination
      of
      the Letters of Credit, any foreclosure under, or modification, release or
      discharge of, any or all of the Loan Documents, termination of this Agreement
      and the resignation or replacement of Administrative Agent.

    

    Section
      14.9. Administrative
      Agent in Individual Capacity.
      LaSalle
      and its Affiliates may make loans to, issue letters of credit for the account
      of, accept deposits from, acquire equity interests in and generally engage
      in
      any kind of banking, trust, financial advisory, underwriting or other business
      with the Companies and Affiliates as though LaSalle were not Administrative
      Agent hereunder and without notice to or consent of any Lender. Each Lender
      acknowledges that, pursuant to such activities, LaSalle or its Affiliates may
      receive information regarding Borrower or its Affiliates (including information
      that may be subject to confidentiality obligations in favor of Borrower or
      such
      Affiliate) and acknowledge that Administrative Agent shall be under no
      obligation to provide such information to them. With respect to their Loans
      (if
      any), LaSalle and its Affiliates shall have the same rights and powers under
      this Agreement as any other Lender and may exercise the same as though LaSalle
      were not Administrative Agent, and the terms “Lender” and “Lenders” include
      LaSalle and its Affiliates, to the extent applicable, in their individual
      capacities.

    

    Section
      14.10. Successor
      Administrative Agent.
      Administrative Agent may resign as Administrative Agent upon thirty (30) days’
notice to the Lenders. If Administrative Agent resigns under this Agreement,
      the
      Required Lenders shall, with (so long as no Event of Default exists) the consent
      of Borrower (which shall not be unreasonably withheld or delayed), appoint
      from
      among the Lenders a successor agent for the Lenders. If no successor agent
      is
      appointed prior to the effective date of the resignation of Administrative
      Agent, Administrative Agent may appoint, after consulting with the Lenders
      and
      Borrower, a successor agent from among the Lenders. Upon the acceptance of
      its
      appointment as successor agent hereunder, such successor agent shall succeed
      to
      all the rights, powers and duties of the retiring Administrative Agent and
      the
      term “Administrative Agent” means such successor agent, and the retiring
      Administrative Agent’s appointment, powers and duties as Administrative Agent
      shall be terminated. After any retiring Administrative Agent’s resignation
      hereunder as Administrative Agent, the provisions of this Section
      14
      and
Sections
      15.5
      and
15.16
      shall
      inure to its benefit as to any actions taken or omitted to be taken by it while
      it was Administrative Agent under this Agreement. If no successor agent has
      accepted appointment as Administrative Agent by the date which is thirty (30)
      days following a retiring Administrative Agent’s notice of resignation, the
      retiring Administrative Agent’s resignation shall nevertheless thereupon become
      effective and the Lenders shall perform all of the duties of Administrative
      Agent hereunder until such time, if any, as the Required Lenders appoint a
      successor agent as provided for above.

     

    
      
        
        

      

      
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    Section
      14.11. Collateral
      Matters.
      The
      Lenders irrevocably authorize Administrative Agent, at its option and in its
      discretion, (a) to release any Lien granted to or held by Administrative Agent
      under any Collateral Document (i) upon termination of the Commitments and
      payment in full of all Loans and all other obligations of Borrower hereunder
      and
      the expiration or termination of all Letters of Credit; (ii) constituting
      property sold or to be sold or disposed of as part of or in connection with
      any
      disposition permitted hereunder; or (iii) subject to Section
      15.1,
      if
      approved, authorized or ratified in writing by the Required Lenders; or (b)
      to
      subordinate its interest in any Collateral to any holder of a Lien on such
      Collateral which is permitted by Section
      11.2(d)(i)
      or
(d)(iii)
      (it
      being understood that Administrative Agent may conclusively rely on a
      certificate from Borrower in determining whether the Indebtedness secured by
      any
      such Lien is permitted by Section
      11.1(b)).
      Upon
      request by Administrative Agent at any time, the Lenders will confirm in writing
      Administrative Agent’s authority to release, or subordinate its interest in,
      particular types or items of Collateral pursuant to this Section
      14.11.

    

    Section
      14.12. Administrative
      Agent May File Proofs of Claim.
      In case
      of the pendency of any receivership, insolvency, liquidation, bankruptcy,
      reorganization, arrangement, adjustment, composition or other judicial
      proceeding relative to any Company, Administrative Agent (irrespective of
      whether the principal of any Loan shall then be due and payable as herein
      expressed or by declaration or otherwise and irrespective of whether
      Administrative Agent shall have made any demand on Borrower) shall be entitled
      and empowered, by intervention in such proceeding or otherwise:

    

    (a) to
      file
      and prove a claim for the whole amount of the principal and interest owing
      and
      unpaid in respect of the Loans, and all other Secured Obligations that are
      owing
      and unpaid and to file such other documents as may be necessary or advisable
      in
      order to have the claims of the Lenders and Administrative Agent (including
      any
      claim for the reasonable compensation, expenses, disbursements and advances
      of
      the Lenders and Administrative Agent and their respective agents and counsel
      and
      all other amounts due the Lenders and Administrative Agent under Sections
      5,
      15.5
      and
15.16
      allowed
      in such judicial proceedings; and 

     

    
      
        
        

      

      
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    (b) to
      collect and receive any monies or other property payable or deliverable on
      any
      such claims and to distribute the same;

    

    and
      any
      custodian, receiver, assignee, trustee, liquidator, sequestrator or other
      similar official in any such judicial proceeding is hereby authorized by each
      Lender to make such payments to Administrative Agent and, in the event that
      Administrative Agent shall consent to the making of such payments directly
      to
      the Lenders, to pay to Administrative Agent any amount due for the reasonable
      compensation, expenses, disbursements and advances of Administrative Agent
      and
      its agents and counsel, and any other amounts due Administrative Agent under
      Sections
      5,
      15.5
      and
15.16.

    

    Nothing
      contained herein shall be deemed to authorize Administrative Agent to authorize
      or consent to or accept or adopt on behalf of any Lender any plan of
      reorganization, arrangement, adjustment or composition affecting the Obligations
      or the rights of any Lender or to authorize Administrative Agent to vote in
      respect of the claim of any Lender in any such proceeding.

    

    Section
      14.13. Other
      Agents; Arrangers and Managers.
      None of
      the Lenders or other Persons identified on the facing page or signature pages
      of
      this Agreement as a “syndication agent,” “documentation agent,” “co-agent,”
“book manager,” “lead manager,” “arranger,” “lead arranger” or “co-arranger”, if
      any, shall have any right, power, obligation, liability, responsibility or
      duty
      under this Agreement other than, in the case of such Lenders, those applicable
      to all Lenders as such. Without limiting the foregoing, none of the Lenders
      or
      other Persons so identified shall have or be deemed to have any fiduciary
      relationship with any Lender. Each Lender acknowledges that it has not relied,
      and will not rely, on any of the Lenders or other Persons so identified in
      deciding to enter into this Agreement or in taking or not taking action
      hereunder.

     

    ARTICLE
      XV. GENERAL.

    

    Section
      15.1. Waivers,
      Consents and Amendments.
      No
      delay on the part of Administrative Agent or any Lender in the exercise of
      any
      right, power or remedy shall operate as a waiver thereof, nor shall any single
      or partial exercise by any of them of any right, power or remedy preclude other
      or further exercise thereof, or the exercise of any other right, power or
      remedy. No amendment, modification or waiver of, or consent with respect to,
      any
      provision of this Agreement or the other Loan Documents shall in any event
      be
      effective unless the same shall be in writing and acknowledged by the Required
      Lenders, and then any such amendment, modification, waiver or consent shall
      be
      effective only in the specific instance and for the specific purpose for which
      given; provided that: 

    

    (a) no
      amendment, modification, waiver or consent shall (i) extend or increase the
      Commitment of any Lender without the written consent of such Lender, (ii) extend
      the date scheduled for payment of any principal (excluding mandatory
      prepayments) of or interest on the Loans or any fees payable hereunder without
      the written consent of each Lender directly affected thereby, (iii) reduce
      the
      principal amount of any Loan, the rate of interest thereon or any fees payable
      hereunder, without the consent of each Lender directly affected thereby (except
      for periodic adjustments of interest rates and fees resulting from a change
      in
      the Applicable Margin as provided for in this Agreement), or (iv) release any
      party from its obligations under any Loan Document, change the definition of
      Required Lenders or any provision of this Section
      15.1,
      without, in each case, the written consent of all the Lenders; 

     

    
      
        
        

      

      
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    (b) no
      provision of Article
      XIV
      or other
      provision of this Agreement affecting Administrative Agent in its capacity
      as
      such shall be amended, modified or waived without the consent of Administrative
      Agent; 

    

    (c) no
      provision of this Agreement relating to the rights or duties of the Issuing
      Lender in its capacity as such shall be amended, modified or waived without
      the
      consent of the Issuing Lender; and 

    

    (d) no
      provision of this Agreement relating to the rights or duties of the Swing Line
      Lender in its capacity as such shall be amended, modified or waived without
      the
      consent of the Swing Line Lender.

    

    Section
      15.2. Confirmations.
      Borrower and each holder of a Note agree from time to time, upon written request
      received by it from the other, to confirm to the other in writing (with a copy
      of each such confirmation to Administrative Agent) the aggregate unpaid
      principal amount of the Loans then outstanding under such Note.

    

    Section
      15.3. Notices.
      Except
      as otherwise provided in Sections 2.2.2
      and
2.2.3,
      all
      notices hereunder shall be in writing (including facsimile or electronic
      transmission) and shall be sent to the applicable party at its address shown
      on
Schedule
      2
      or at
      such other address as such party may, by written notice received by the other
      parties, have designated as its address for such purpose. Notices sent by
      facsimile or electronic transmission shall be deemed to have been given upon
      telephonic confirmation of receipt; notices sent by mail shall be deemed to
      have
      been given three Business Days after the date when sent by registered or
      certified mail, postage prepaid; and notices sent by hand delivery or overnight
      courier service shall be deemed to have been given when received. For purposes
      of Sections
      2.2.2
      and
2.2.3,
      Administrative Agent shall be entitled to rely on telephonic instructions from
      any person that Administrative Agent in good faith believes is an authorized
      officer or employee of Borrower, and Borrower shall hold Administrative Agent
      and each other Lender harmless from any loss, cost or expense resulting from
      any
      such reliance.

    

    Section
      15.4. Computations.
      Where
      the character or amount of any asset or liability or item of income or
      expense is required to be determined, or any consolidation or other accounting
      computation is required to be made, for the purpose of this Agreement, such
      determination or calculation shall, to the extent applicable and except as
      otherwise specified in this Agreement, be made in accordance with GAAP,
      consistently applied.

    

    Section
      15.5. Costs,
      Expenses and Taxes.
      Borrower agrees to pay on demand all reasonable out-of-pocket costs and expenses
      of Administrative Agent (including Attorney Costs and any Taxes) in connection
      with the preparation, execution, syndication (other than Participations),
      delivery and administration (including perfection and protection of any
      Collateral and the costs of Intralinks (or other similar service), if
      applicable) of this Agreement, the other Loan Documents and all other documents
      provided for herein or delivered or to be delivered hereunder or in connection
      herewith (including any amendment, supplement or waiver to any Loan Document),
      whether or not the transactions contemplated hereby or thereby shall be
      consummated, and all reasonable out-of-pocket costs and expenses (including
      Attorney Costs and any Taxes) incurred by Administrative Agent and each Lender
      after an Event of Default in connection with the collection of the Secured
      Obligations or the enforcement of this Agreement the other Loan Documents or
      any
      such other documents or during any workout, restructuring or negotiations in
      respect thereof. In addition, Borrower agrees to pay, and to save Administrative
      Agent and the Lenders harmless from all liability for, any fees of Borrower’s
      auditors in connection with any reasonable exercise by Administrative Agent
      and
      the Lenders of their rights pursuant to Section
      10.2.
      All
      Obligations provided for in this Section
      15.5
      shall
      survive repayment of the Loans, cancellation of the Notes, expiration or
      termination of the Letters of Credit and termination of this
      Agreement.

     

    
      
        
        

      

      
        79

        
          

        

      

      
        
        

      

    

     

    Section
      15.6. Assignments;
      Participations.

    

    15.6.1.
      Assignments.
      

    

    (a) Any
      Lender may at any time assign to one or more Persons (any such Person, an
“Assignee”) all or a portion of such Lender’s Loans and Commitments, with the
      prior written consent of Administrative Agent, the Issuing Lender (for an
      assignment of the Revolving Loans and the Revolving Credit Commitment) and,
      so
      long as no Event of Default exists, Borrower (which consents shall not be
      unreasonably withheld or delayed and shall not be required for an assignment
      by
      a Lender to a Lender or an Affiliate of a Lender); provided that each Lender
      shall at all times maintain the same Commitment Percentage (as rounded to the
      sixth decimal) with respect to the Revolving Credit Commitment, the Term Loan
      Commitment and the CAPEX Commitment. Except as Administrative Agent may
      otherwise agree, any such assignment shall be in a minimum aggregate amount
      equal to Five Million Dollars ($5,000,000) or, if less, the remaining Commitment
      and Loans held by the assigning Lender. Borrower and Administrative Agent shall
      be entitled to continue to deal solely and directly with such Lender in
      connection with the interests so assigned to an Assignee until Administrative
      Agent shall have received and accepted an effective Assignment Agreement
      executed, delivered and fully completed by the applicable parties thereto and
      a
      processing fee of Three Thousand Five Hundred Dollars ($3,500). No assignment
      may be made to any Person if at the time of such assignment Borrower would
      be
      obligated to pay any greater amount under Section
      7.6
      or
Article
      VIII
      to the
      Assignee than Borrower is then obligated to pay to the assigning Lender under
      such Sections (and if any assignment is made in violation of the foregoing,
      Borrower will not be required to pay such greater amounts). Any attempted
      assignment not made in accordance with this Section
      15.6.1
      shall be
      treated as the sale of a participation under Section
      15.6.2.
      Borrower shall be deemed to have granted its consent to any assignment requiring
      its consent hereunder unless Borrower has expressly objected to such assignment
      within three Business Days after notice thereof. 

    

    (b) From
      and
      after the date on which the conditions described above have been met, (i) such
      Assignee shall be deemed automatically to have become a party hereto and, to
      the
      extent that rights and obligations hereunder have been assigned to such Assignee
      pursuant to such Assignment Agreement, shall have the rights and obligations
      of
      a Lender hereunder and (ii) the assigning Lender, to the extent that rights
      and obligations hereunder have been assigned by it pursuant to such Assignment
      Agreement, shall be released from its rights (other than its indemnification
      rights) and obligations hereunder. Upon the request of the Assignee (and, as
      applicable, the assigning Lender) pursuant to an effective Assignment Agreement,
      Borrower shall execute and deliver to Administrative Agent for delivery to
      the
      Assignee (and, as applicable, the assigning Lender) Notes in the principal
      amount of the Assignee’s Pro Rata Share of the Revolving Credit Commitment, plus
      the CAPEX Draw Facility Commitment, plus the principal amount of the Assignee’s
      portion of the Term Loan, plus the principal amount of the Assignee’s portion of
      the CAPEX Term Loan (and, as applicable, Notes in the principal amount of the
      Pro Rata Share of the Revolving Credit Commitment retained by the assigning
      Lender, plus the CAPEX Draw Facility Commitment retained by the assigning
      Lender, plus the principal amount of the portion of the Term Loan retained
      by
      the assigning Lender, plus the principal amount of the portion of the CAPEX
      Term
      Loan retained by the assigning Lender). Each such Note shall be dated the
      effective date of such assignment. Upon receipt by the assigning Lender of
      such
      Note, the assigning Lender shall return to Borrower any prior Note held by
      it.

     

    
      
        
        

      

      
        80

        
          

        

      

      
        
        

      

    

     

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

    

    15.6.2.
      Participations.
      Any
      Lender may at any time sell to one or more Persons participating interests
      in
      its Loans, Commitments or other interests hereunder (any such Person, a
“Participant”). In the event of a sale by a Lender of a participating interest
      to a Participant, (a) such Lender’s obligations hereunder shall remain unchanged
      for all purposes, (b) Borrower and Administrative Agent shall continue to deal
      solely and directly with such Lender in connection with such Lender’s rights and
      obligations hereunder and (c) all amounts payable by Borrower shall be
      determined as if such Lender had not sold such participation and shall be paid
      directly to such Lender. No Participant shall have any direct or indirect voting
      rights hereunder. Borrower agrees that if amounts outstanding under this
      Agreement are due and payable (as a result of acceleration or otherwise), each
      Participant shall be deemed to have the right of set-off in respect of its
      participating interest in amounts owing under this Agreement and with respect
      to
      any Letter of Credit to the same extent as if the amount of its participating
      interest were owing directly to it as a Lender under this Agreement; provided
      that such right of set-off shall be subject to the obligation of each
      Participant to share with the Lenders, and the Lenders agree to share with
      each
      Participant, as provided in Section
      7.5.
      Borrower also agrees that each Participant shall be entitled to the benefits
      of
Section
      7.6
      or
Article
      VIII
      as if it
      were a Lender (provided that on the date of the participation no Participant
      shall be entitled to any greater compensation pursuant to Section
      7.6
      or
Article
      VIII
      than
      would have been paid to the participating Lender on such date if no
      participation had been sold and that each Participant complies with Section
      7.6(d)
      as if it
      were an Assignee).

     

    
      
        
        

      

      
        81

        
          

        

      

      
        
        

      

    

     

    Section
      15.7. Register.
      Administrative Agent shall maintain a copy of each Assignment Agreement
      delivered and accepted by it and register (the “Register”) for the recordation
      of names and addresses of the Lenders and the Commitment of each Lender from
      time to time and whether such Lender is the original Lender or the Assignee.
      No
      assignment shall be effective unless and until the Assignment Agreement is
      accepted and registered in the Register. All records of transfer of a Lender’s
      interest in the Register shall be conclusive, absent manifest error, as to
      the
      ownership of the interests in the Loans. Administrative Agent shall not incur
      any liability of any kind with respect to any Lender with respect to the
      maintenance of the Register. 

    

    Section
      15.8. Governing
      Law.
      This
      Agreement and each Note shall be a contract made under and governed by the
      internal laws of the State of New York applicable to contracts made and to
      be
      performed entirely within such state, without regard to conflict of laws
      principles.

    

    Section
      15.9. Severability.
      Whenever possible each provision of this Agreement shall be interpreted in
      such
      manner as to be effective and valid under applicable law, but if any provision
      of this Agreement shall be prohibited by or invalid under applicable law, such
      provision shall be ineffective to the extent of such prohibition or invalidity,
      without invalidating the remainder of such provision or the remaining provisions
      of this Agreement. All obligations of Borrower and rights of Administrative
      Agent and the Lenders expressed herein or in any other Loan Document shall
      be in
      addition to and not in limitation of those provided by applicable
      law.

    

    Section
      15.10. Nature
      of Remedies.
      All
      Obligations of Borrower and rights of Administrative Agent and the Lenders
      expressed herein or in any other Loan Document shall be in addition to and
      not
      in limitation of those provided by applicable law. No failure to exercise and
      no
      delay in exercising, on the part of Administrative Agent or any Lender, any
      right, remedy, power or privilege hereunder, shall operate as a waiver thereof;
      nor shall any single or partial exercise of any right, remedy, power or
      privilege hereunder preclude any other or further exercise thereof or the
      exercise of any other right, remedy, power or privilege.

    

    Section
      15.11. Entire
      Agreement.
      This
      Agreement, together with the other Loan Documents, embodies the entire agreement
      and understanding among the parties hereto and supersedes all prior or
      contemporaneous agreements and understandings of such Persons, verbal or
      written, relating to the subject matter hereof and thereof (except as relates
      to
      the fees described in Section
      5.3)
      and any
      prior arrangements made with respect to the payment by Borrower of (or any
      indemnification for) any fees, costs or expenses payable to or incurred (or
      to
      be incurred) by or on behalf of Administrative Agent or the
      Lenders.

    

    Section
      15.12. Counterparts.
      This
      Agreement may be executed in any number of counterparts and by the
      different parties hereto on separate counterparts and each such counterpart
      shall be deemed to be an original, but all such counterparts shall together
      constitute but one and the same Agreement. Receipt of an executed signature
      page
      to this Agreement by facsimile or other electronic transmission shall constitute
      effective delivery thereof. Electronic records of executed Loan Documents
      maintained by the Lenders shall deemed to be originals.

    

    Section
      15.13. Successors
      and Assigns.
      This
      Agreement shall be binding upon Borrower, the Lenders and Administrative
      Agent and their respective successors and assigns, and shall inure to the
      benefit of Borrower, the Lenders and Administrative Agent and the successors
      and
      assigns of the Lenders and Administrative Agent. No other Person shall be a
      direct or indirect legal beneficiary of, or have any direct or indirect cause
      of
      action or claim in connection with, this Agreement or any of the other Loan
      Documents. Borrower may not assign or transfer any of its rights or Obligations
      under this Agreement without the prior written consent of Administrative Agent
      and each Lender.

     

    
      
        
        

      

      
        82

        
          

        

      

      
        
        

      

    

     

    Section
      15.14. Captions.
      Section
      captions used in this Agreement are for convenience only and shall not affect
      the construction of this Agreement.

     

    Section
      15.15. Customer
      Identification - USA Patriot Act Notice.
      Each
      Lender and LaSalle (for itself and not on behalf of any other party) hereby
      notifies the Parent Entities 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 Parent Entities, which information includes the name and address of the
      Parent Entities and other information that will allow such Lender or LaSalle,
      as
      applicable, to identify the Companies in accordance with the Act.

    

    Section
      15.16. Indemnification
      by Borrower.
      In
      consideration of the execution and delivery of this Agreement by Administrative
      Agent and the Lenders and the agreement to extend the Commitments provided
      hereunder, Borrower hereby agrees to indemnify, exonerate and hold
      Administrative Agent, each Lender and each of the officers, directors,
      employees, affiliates and agents of Administrative Agent and each Lender (each
      a
“Lender Party”) free and harmless from and against any and all actions, causes
      of action, suits, losses, liabilities, damages and expenses, including
      reasonable attorney costs (collectively, the “Indemnified Liabilities”),
      incurred by the Lender Parties or any of them as a result of, or arising out
      of,
      or relating to (a) any tender offer, merger, purchase of capital securities,
      purchase of assets (including the Related Transactions) or other similar
      transaction financed or proposed to be financed in whole or in part, directly
      or
      indirectly, with the proceeds of any of the Loans, (b) the use, handling,
      release, emission, discharge, transportation, storage, treatment or disposal
      of
      any Hazardous Substance at any property owned or leased by any Company, (c)
      any
      violation of any Environmental Laws with respect to conditions at any property
      owned or leased by any Company or the operations conducted thereon, (d) the
      investigation, cleanup or remediation of offsite locations at which any Company
      or their respective predecessors are alleged to have directly or indirectly
      disposed of Hazardous Substances or (e) the execution, delivery,
      performance or enforcement of this Agreement or any other Loan Document by
      any
      of the Lender Parties, except for any such Indemnified Liabilities arising
      on
      account of the applicable Lender Party’s gross negligence or willful misconduct
      as determined by a final, nonappealable judgment by a court of competent
      jurisdiction. If and to the extent that the foregoing undertaking may be
      unenforceable for any reason, Borrower hereby agrees to make the maximum
      contribution to the payment and satisfaction of each of the Indemnified
      Liabilities which is permissible under applicable law. All Obligations provided
      for in this Section
      15.16
      shall
      survive repayment of the Loans, cancellation of the Notes, expiration or
      termination of the Letters of Credit, any foreclosure under, or any
      modification, release or discharge of, any or all of the Loan Documents and
      termination of this Agreement.

     

    
      
        
        

      

      
        83

        
          

        

      

      
        
        

      

    

     

    Section
      15.17. Nonliability
      of the Lenders.
      The
      relationship between the Parent Entities on the one hand and the Lenders and
      Administrative Agent on the other hand shall be solely that of borrower and
      lender. Neither Administrative Agent nor any Lender has any fiduciary
      relationship with or duty to any Parent Entity arising out of or in connection
      with this Agreement or any of the other Loan Documents, and the relationship
      between the Parent Entities, on the one hand, and Administrative Agent and
      the
      Lenders, on the other hand, in connection herewith or therewith is solely that
      of debtor and creditor. Neither Administrative Agent nor any Lender undertakes
      any responsibility to any Parent Entity to review or inform any Parent Entity
      of
      any matter in connection with any phase of any Parent Entity’s business or
      operations. Borrower agrees, on behalf of itself and each other Parent Entity,
      that neither Administrative Agent nor any Lender shall have liability to any
      Parent Entity (whether sounding in tort, contract or otherwise) for losses
      suffered by any Parent Entity in connection with, arising out of, or in any
      way
      related to the transactions contemplated and the relationship established by
      the
      Loan Documents, or any act, omission or event occurring in connection therewith,
      unless it is determined in a final non-appealable judgment by a court of
      competent jurisdiction that such losses resulted from the gross negligence
      or
      willful misconduct of the party from which recovery is sought. NO LENDER PARTY
      SHALL BE LIABLE FOR ANY DAMAGES ARISING FROM THE USE BY OTHERS OF ANY
      INFORMATION OR OTHER MATERIALS OBTAINED THROUGH INTRALINKS OR OTHER SIMILAR
      INFORMATION TRANSMISSION SYSTEMS IN CONNECTION WITH THIS AGREEMENT, NOR SHALL
      ANY LENDER PARTY HAVE ANY LIABILITY WITH RESPECT TO, AND BORROWER ON BEHALF
      OF
      ITSELF AND EACH OTHER PARENT ENTITY, HEREBY WAIVES, RELEASES AND AGREES NOT
      TO
      SUE FOR ANY SPECIAL, PUNITIVE, EXEMPLARY, INDIRECT OR CONSEQUENTIAL DAMAGES
      RELATING TO THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT OR ARISING OUT OF ITS
      ACTIVITIES IN CONNECTION HEREWITH OR THEREWITH (WHETHER BEFORE OR AFTER THE
      CLOSING DATE, EXCEPT FOR GROSS NEGLIGENCE BY OR WILLFUL MISCONDUCT AS DETERMINED
      BY A FINAL, NONAPPEALABLE JUDGMENT BY A COURT OF COMPETENT JURISDICTION).
      Borrower acknowledges that it has been advised by counsel in the negotiation,
      execution and delivery of this Agreement and the other Loan Documents to which
      it is a party. No joint venture is created hereby or by the other Loan Documents
      or otherwise exists by virtue of the transactions contemplated hereby among
      the
      Lenders or among the Parent Entities and the Lenders.

    

    Section
      15.18. Forum
      Selection and Consent to Jurisdiction.
      Any
      litigation based hereon, or arising out of, under, or in connection with this
      Agreement or any other Loan Document, may be brought and maintained in the
      courts of the State of New York or the State of Ohio, or in the United States
      District Court for the Southern District of New York or in the United States
      District Court for the Northern District of Ohio; provided that nothing in
      this
      Agreement shall be deemed or operate to preclude Administrative Agent from
      bringing suit or taking other legal action in any other jurisdiction. Borrower
      hereby expressly and irrevocably submits to the jurisdiction of the courts
      of
      the State of New York and the State of Ohio and of the United States District
      Court for the Southern District of New York and in the United States District
      Court for the Northern District of Ohio for the purpose of any such litigation
      as set forth above. Borrower further irrevocably consents to the service of
      process by registered mail, postage prepaid, or by personal service within
      or
      without the State of New York or the State of Ohio. Borrower hereby expressly
      and irrevocably waives, to the fullest extent permitted by law, any objection
      which it may now or hereafter have to the laying of venue of any such litigation
      brought in any such court referred to above and any claim that any such
      litigation has been brought in an inconvenient forum.

    11210719.17

    

    [Remainder
      of page left intentionally blank]

    

    
      
        
        

      

      
        84

        
          

        

      

      
        
        

      

    

    Section
      15.19. WAIVER
      OF JURY TRIAL.
      EACH OF
      BORROWER, ADMINISTRATIVE AGENT AND EACH LENDER HEREBY WAIVES ANY RIGHT TO A
      TRIAL BY JURY IN ANY ACTION OR PROCEEDING TO ENFORCE OR DEFEND ANY RIGHTS UNDER
      THIS AGREEMENT, ANY NOTE, ANY OTHER LOAN DOCUMENT AND ANY AMENDMENT, INSTRUMENT,
      DOCUMENT OR AGREEMENT DELIVERED OR WHICH MAY IN THE FUTURE BE DELIVERED IN
      CONNECTION HEREWITH OR THEREWITH OR ARISING FROM ANY LENDING RELATIONSHIP
      EXISTING IN CONNECTION WITH ANY OF THE FOREGOING, AND AGREES THAT ANY SUCH
      ACTION OR PROCEEDING SHALL BE TRIED BEFORE A COURT AND NOT BEFORE A
      JURY.

    

    The
      parties hereto have caused this Agreement to be duly executed and delivered
      by
      their duly authorized officers as of the date first set forth
      above.

     

    
      	 	 	 
	 	
              SIG
                ACQUISITION CORP.

            
	 
 	 
 	 
 
	
            	By:  	
            
	 	Name: 	
              
  
	 	
              Title: 

            	
              
  
	 	
            	
              

            

    

    
       

      
        	 	 	 
	 	
                
                  LASALLE
                    BANK NATIONAL ASSOCIATION,

                  as
                    Administrative Agent, as Issuing Lender, as Swing Line Lender
                    and as a
                    Lender

                

              
	 
 	 
 	 
 
	
              	By:  	
              
	 	Name: 	
                
  
	 	
                Title: 

              	
                
  
	 	
              	
                

              

      

      
         

        
          	 	 	 
	 	
                  
                    FIRSTMERIT
                      BANK, N.A.

                  

                
	 
 	 
 	 
 
	
                	By:  	
                
	 	Name: 	
                  
  
	 	
                  Title: 

                	
                  
  
	 	
                	
                  

                

        

        
           

          
            	 	 	 
	 	
                    
                      FIFTH
                        THIRD BANK

                    

                  
	 
 	 
 	 
 
	
                  	By:  	
                  
	 	Name: 	
                    
  
	 	
                    Title: 

                  	
                    
  
	 	
                  	
                    
 

          

          
            
               

              
                	 	 	 
	 	
                        
                          
                            CHARTER
                              ONE BANK, N.A.

                          

                        

                      
	 
 	 
 	 
 
	
                      	By:  	
                      
	 	Name: 	
                        
  
	 	
                        Title: 

                      	
                        
  
	 	
                      	
                        
 

              

               

            

          

        

      

    

    
      
        
          
            Signature
              Page 1 of 1

            to
              the
              Credit AgreementGUARANTY
      AND COLLATERAL AGREEMENT

     

    dated
      as
      of October 3, 2006

     

    among

     

    NET
      PERCEPTIONS, INC.,

     

    SIG
      ACQUISITION CORP.

     

    and

     

    THE
      OTHER
      PARTIES HERETO,

    as
      Grantors,

     

    and

     

    LASALLE
      BANK NATIONAL ASSOCIATION,

    as
      Administrative Agent

    

    
      

      

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    This
      GUARANTY AND COLLATERAL AGREEMENT dated as of October 3, 2006 (this
“Agreement”), is entered into among NET PERCEPTIONS, INC., a Delaware
      corporation (“Parent”), SIG ACQUISITION CORP., a Delaware corporation
      (“Borrower”), and each other Person signatory hereto as a Grantor (together with
      Parent, Borrower and any other Person that becomes a party hereto as provided
      herein, collectively, the “Grantors”) in favor of LASALLE BANK NATIONAL
      ASSOCIATION, as the administrative agent for the Lenders, as defined in the
      Credit Agreement (as hereafter defined), party to the Credit Agreement
      (“Administrative Agent”).

    

    The
      Lenders have severally agreed to extend credit to Borrower pursuant to the
      Credit Agreement. Each Grantor (other than Borrower) is an Affiliate of
      Borrower. Borrower and the other Grantors are engaged in interrelated
      businesses, and each Grantor will derive substantial direct and indirect benefit
      from extensions of credit under the Credit Agreement. It is a condition
      precedent to each Lender’s obligation to extend credit under the Credit
      Agreement that the Grantors shall have executed and delivered this Agreement
      to
      Administrative Agent for the ratable benefit of all the Lenders.

    

    In
      consideration of the premises and to induce Administrative Agent and the Lenders
      to enter into the Credit Agreement and to induce the Lenders to extend credit
      thereunder, each Grantor hereby agrees with Administrative Agent, for the
      ratable benefit of the Lenders, as follows:

    

    SECTION
      1. DEFINITIONS.

    

    1.1 Unless
      otherwise defined herein, terms defined in the Credit Agreement and used herein
      shall have the meanings given to them in the Credit Agreement, and unless
      otherwise defined herein or in the Credit Agreement, terms that are defined
      in
      the UCC are used herein as so defined. 

    

    1.2 When
      used
      herein the following terms shall have the following meanings:

    

    “Agreement”
      has the meaning set forth in the preamble hereto.

    

    “Chattel
      Paper” means all “chattel paper” as such term is defined in
      Section 9-102(a)(11) of the UCC and, in any event, including with respect
      to any Grantor, all Electronic Chattel Paper and Tangible Chattel Paper.

    

    “Collateral”
      means (a) all of the personal property now owned or at any time hereafter
      acquired by any Grantor or in which any Grantor now has or at any time in the
      future may acquire any right, title or interest, including all of each Grantor’s
      Accounts, Chattel Paper, Commercial Tort Claims described on Schedule
      7,
      Deposit
      Accounts, Documents, Equipment, Fixtures, General Intangibles, Goods,
      Instruments, Intellectual Property, Inventory, Investment Property, Leases,
      Letter-of-Credit Rights, Money, Supporting Obligations and Identified Claims;
      (b) all books and records pertaining to any of the foregoing; (c) all Proceeds
      and products of any of the foregoing; and (d) all collateral security and
      guaranties given by any Person with respect to any of the foregoing. Where
      the
      context requires, terms relating to the Collateral or any part thereof, when
      used in relation to a Grantor, shall refer to such Grantor’s Collateral or the
      relevant part thereof. 

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    “Copyrights”
      means (a) all copyrights arising under the laws of the United States, any other
      country or any political subdivision thereof, whether registered or unregistered
      and whether published or unpublished, including those listed on Schedule
      5,
      all
      registrations and recordings thereof, and all applications in connection
      therewith, including all registrations, recordings and applications in the
      United States Copyright Office, and (b) the right to obtain all renewals of
      any
      of the foregoing. 

    

    “Copyright
      Licenses” means all written agreements naming any Grantor as licensor or
      licensee, including those listed on Schedule
      5,
      granting any right under any Copyright, including the grant of rights to
      manufacture, distribute, exploit and sell materials derived from any
      Copyright.

    

    “Credit
      Agreement” means the Credit Agreement of even date herewith among Borrower, the
      Lenders and Administrative Agent, as amended, supplemented, restated or
      otherwise modified from time to time. 

    

    “Fixtures”
      means all of the following, whether now owned or hereafter acquired by a
      Grantor: plant fixtures; business fixtures; other fixtures and storage
      facilities, wherever located; and all additions and accessories thereto and
      replacements therefor.

    

    “General
      Intangibles” means all “general intangibles” as such term is defined in
      Section 9-102(a)(42) of the UCC and, in any event, including with respect
      to any Grantor, all Payment Intangibles, all contracts, agreements, instruments
      and indentures in any form, and portions thereof, to which such Grantor is
      a
      party or under which such Grantor has any right, title or interest or to which
      such Grantor or any property of such Grantor is subject, as the same from time
      to time may be amended, supplemented or otherwise modified, including, without
      limitation, (a) all rights of such Grantor to receive moneys due and to become
      due to it thereunder or in connection therewith, (b) all rights of such Grantor
      to damages arising thereunder, and (c) all rights of such Grantor to perform
      and
      to exercise all remedies thereunder; provided that the foregoing limitation
      shall not affect, limit, restrict or impair the grant by such Grantor of a
      security interest pursuant to this Agreement in any Receivable or any money
      or
      other amounts due or to become due under any such Payment Intangible, contract,
      agreement, instrument or indenture. 

    

    “Guarantors”
      means the collective reference to each Grantor other than Borrower.

    

    “Identified
      Claims” means the Commercial Tort Claims described on Schedule
      7,
      as such
      schedule shall be supplemented from time to time. 

    

    “Intellectual
      Property” means the collective reference to all rights, priorities and
      privileges of any Grantor relating to intellectual property, whether arising
      under United States, multinational or foreign laws or otherwise, including
      the
      Copyrights, the Copyright Licenses, the Patents, the Patent Licenses, the
      Trademarks and the Trademark Licenses, and all rights to sue at law or in equity
      for any infringement or other impairment thereof, including the right to receive
      all proceeds and damages therefrom.

     

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

     

    “Intercompany
      Note” means any promissory note evidencing loans made by any Grantor to any
      other Grantor. 

    

    “Investment
      Property” means the collective reference to (a) all “investment property” as
      such term is defined in Section 9-102(a)(49) of the UCC (other than the equity
      interest of any Foreign Subsidiary excluded from the definition of Pledged
      Equity), (b) all “financial assets” as such term is defined in Section
      8-102(a)(9) of the UCC, and (c) whether or not constituting “investment
      property” as so defined, all Pledged Notes and all Pledged Equity. 

    

    “Issuer”
      means an issuer of any Investment property.

    

    “Issuers”
      means the collective reference to each issuer of any Investment
      Property.

    

    “Obligations”
      means all obligations (monetary (including post-petition interest, allowed
      or
      not) or otherwise) of any Parent Entity under the Credit Agreement and any
      other
      Loan Document including Attorney Costs and any reimbursement obligations of
      any
      Parent Entity in respect of Letters of Credit and surety bonds, in each case
      with respect to the foregoing, howsoever created, arising or evidenced, whether
      direct or indirect, absolute or contingent, now or hereafter existing, or due
      or
      to become due.

    

    “Paid
      in
      Full” means (a) the payment in full in cash and performance of all Obligations,
      (b) the termination of all Commitments, and (c) either (i) the cancellation
      and
      return to Administrative Agent of all Letters of Credit or (ii) the cash
      collateralization of all Letters of Credit in accordance with the Credit
      Agreement.

    

    “Patent
      Licenses” means all agreements, whether written or oral, providing for the grant
      by or to any Grantor of any right to manufacture, use or sell any invention
      covered in whole or in part by a Patent, including any of the foregoing referred
      to in Schedule
      5.
      

    

    “Patents”
      means (a) all letters patent of the United States, any other country or any
      political subdivision thereof, all reissues and extensions thereof, including
      any of the foregoing referred to in Schedule
      5,
      (b) all
      applications for letters patent of the United States or any other country and
      all divisions, continuations and continuations-in-part thereof, including any
      of
      the foregoing referred to in Schedule
      5,
      and (c)
      all rights to obtain any reissues or extensions of the foregoing. 

    

    “Pledged
      Equity” means the equity interests listed on Schedule
      1,
      together with any other equity interests, certificates, options or rights of
      any
      nature whatsoever in respect of the equity interests of any Person that may
      be
      issued or granted to, or held by, any Grantor while this Agreement is in effect;
      provided
      that the term “Pledged Equity” shall not include (a) more than sixty-five (65%)
      of the total combined voting power of all classes of equity interests of any
      Foreign Subsidiary entitled to vote, and (b) the equity interests of a Foreign
      Subsidiary that is not a first-tier Foreign Subsidiary.

     

    
      
        
        

      

      
        3

        
          

        

      

      
        
        

      

    

     

    “Pledged
      Notes” means all promissory notes, if any, listed on Schedule
      1,
      all
      Intercompany Notes at any time issued to any Grantor and all other promissory
      notes issued to or held by any Grantor (other than promissory notes issued
      in
      connection with extensions of trade credit by any Grantor in the ordinary course
      of business).

    

    “Proceeds”
      means all “proceeds” as such term is defined in Section 9-102(a)(64) of the UCC
      and, in any event, shall include all dividends or other income from the
      Investment Property, collections thereon or distributions or payments with
      respect thereto. 

    

    “Receivable”
      means any right to payment for goods sold or leased or for services rendered,
      whether or not such right is evidenced by an Instrument or Chattel Paper and
      whether or not it has been earned by performance (including any Accounts).
      

    

    “Secured
      Obligations” means, collectively, (a) the Obligations, (b) the Hedging
      Obligations owing to Lenders (or Affiliates of existing Lenders) under Hedge
      Agreements, and (c) the Bank Product Obligations owing to Lenders (or Affiliates
      of existing Lenders) under Bank Product Agreements.

    

    “Securities
      Act” means the Securities Act of 1933, as amended, and the rules and regulations
      promulgated thereunder.

    

    “Trademark
      Licenses” means, collectively, each agreement, whether written or oral,
      providing for the grant by or to any Grantor of any right to use any Trademark,
      including any of the foregoing referred to in Schedule
      5.

    

    “Trademarks”
      means (a) all trademarks, trade names, corporate names, company names, business
      names, fictitious business names, trade styles, service marks, logos and other
      source or business identifiers, and all goodwill associated therewith, now
      existing or hereafter adopted or acquired, all registrations and recordings
      thereof, and all applications in connection therewith, whether in the United
      States Patent and Trademark Office or in any similar office or agency of the
      United States, any State thereof or any other country or any political
      subdivision thereof, or otherwise, and all common-law rights related thereto,
      including any of the foregoing referred to in Schedule
      5;
      and (b)
      the right to obtain all renewals thereof. 

    

    “UCC”
      means the Uniform Commercial Code as in effect on the Closing Date and from
      time
      to time in the State of Ohio, provided that, in the event that, by reason of
      mandatory provisions of law, the perfection or the effect of perfection or
      non-perfection of the security interests in any Collateral or the availability
      of any remedy hereunder is governed by the Uniform Commercial Code as in effect
      on or after the date hereof in any other jurisdiction other than the State
      of
      Ohio, the term “UCC” means the Uniform Commercial Code as in effect in such
      other jurisdiction for purposes of the provisions hereof relating to such
      perfection or effect of perfection or non-perfection or availability of such
      remedy and for the purposes of definitions related to such
      provisions. 

     

    
      
        
        

      

      
        4

        
          

        

      

      
        
        

      

    

     

    SECTION
      2. GUARANTY. 

    

    2.1. Guaranty.
      

    

    (a) Each
      of
      the Guarantors hereby, jointly and severally, unconditionally and irrevocably,
      as a primary obligor and not only a surety, guaranties to Administrative Agent,
      for the ratable benefit of the Lenders and their respective successors,
      indorsees, transferees and assigns, the prompt and complete payment and
      performance of the Secured Obligations when the respective parts thereof become
      due and payable (whether at the stated maturity, by acceleration or
      otherwise). 

    

    (b) Regardless
      of the duration of time, regardless of whether Borrower may from time to time
      cease to be indebted to the Lenders and irrespective of any act, omission or
      course of dealing whatever on the part of Administrative Agent or any Lender,
      each Guarantor’s liabilities and other obligations under this Agreement shall
      remain in full force and effect until all of the Secured Obligations shall
      have
      been Paid in Full. 

    

    (c) No
      payment made by any Grantor or any other Person, or received or collected by
      Administrative Agent or any Lender or any other Person by virtue of any action
      or proceeding or any set-off or appropriation or application at any time or
      from
      time to time in reduction of or in payment of the Obligations shall be deemed
      to
      modify, reduce, release or otherwise affect the liability of any Guarantor
      hereunder which shall, notwithstanding any such payment, remain liable for
      the
      Secured Obligations up to the maximum liability of such Guarantor hereunder
      until the Secured Obligations are Paid in Full.

    

    2.2. Right
      of Contribution.
      Each
      Guarantor hereby agrees that, to the extent that a Guarantor shall have paid
      more than its proportionate share of any payment made hereunder, such Guarantor
      shall be entitled to seek and receive contribution from and against any other
      Guarantor hereunder which has not paid its proportionate share of such payment.
      Each Guarantor’s right of contribution shall be subject to the terms and
      conditions of Section
      2.3.
      The
      provisions of this Section
      2.2
      shall in
      no respect limit the obligations and liabilities of any Guarantor to
      Administrative Agent and the Lenders, and each Guarantor shall remain liable
      to
      Administrative Agent and the Lenders for the full amount of
      the
      Secured Obligations. 

    

    2.3. No
      Subrogation.
      Notwithstanding any payment made by any Guarantor hereunder or any set-off
      or
      application of funds of any Guarantor by Administrative Agent or any Lender,
      no
      Guarantor shall be entitled to be subrogated to any of the rights of
      Administrative Agent or any Lender against Borrower or any other Guarantor
      or
      any Collateral or guaranty or right of offset held by Administrative Agent
      or
      any Lender for the payment of the Secured Obligations, nor shall any Guarantor
      seek, or be entitled to seek, any contribution or reimbursement from Borrower
      or
      any other Guarantor in respect of payments made by such Guarantor hereunder,
      until all of the Secured Obligations are Paid in Full, no Letter of Credit
      shall
      be outstanding and the Commitments are terminated. If any amount shall
      be
      paid to any Guarantor on account of such subrogation rights at any time when
      all
      of the Secured Obligations shall not have been Paid in Full, such amount shall
      be held by such Guarantor in trust for Administrative Agent and the Lenders,
      segregated from other funds of such Guarantor, and shall, forthwith upon receipt
      by such Guarantor, be turned over to Administrative Agent in the exact form
      received by such Guarantor (duly indorsed by such Guarantor to Administrative
      Agent, if required), to be applied against the Secured Obligations, whether
      matured or unmatured, in such order as Administrative Agent may
      determine. 

     

    
      
        
        

      

      
        5

        
          

        

      

      
        
        

      

    

     

    2.4. Limitation
      of Guaranty.
      Any
      term or provision of the Guaranty or any other Loan Document to the contrary
      notwithstanding, the maximum aggregate amount of the Secured Obligations for
      which any Guarantor (other than Parent) shall be liable shall not exceed the
      maximum amount for which such Guarantor can be liable without rendering this
      Guaranty or any other Loan Document, as it relates to such Guarantor, subject
      to
      avoidance under applicable law relating to fraudulent conveyance or fraudulent
      transfer (including Section 548 of title 11 of the United States Code (“the
Bankruptcy
      Code”)
      or any
      applicable provisions of comparable state Law) (collectively, “Fraudulent
      Transfer Laws”),
      in
      each case after giving effect (a) to all other liabilities of such Guarantor,
      contingent or otherwise, that are relevant under such Fraudulent Transfer Laws
      (specifically excluding, however, any liabilities of such Guarantor in respect
      of intercompany Indebtedness to Borrower to the extent that such Indebtedness
      would be discharged in an amount equal to the amount paid by such Guarantor
      hereunder) and (b) to the value as assets of such Guarantor (as determined
      under
      the applicable provisions of such Fraudulent Transfer Laws) of any rights to
      subrogation, contribution, reimbursement, indemnity or similar rights held
      by
      such Guarantor pursuant to (i) applicable law, (ii) Section 2.2 of this Guaranty
      or (iii) any other obligations providing for an equitable allocation among
      such
      Guarantor and other Subsidiaries or Affiliates of Borrower of obligations
      arising under this Guaranty or other guaranties of the obligations by such
      parties.

    

    2.5. Amendments
      and Modifications with respect to the Secured Obligations.
      Each
      Guarantor shall remain obligated hereunder notwithstanding that, without any
      reservation of rights against any Guarantor and without notice to or further
      assent by any Guarantor, any demand for payment of any of the Secured
      Obligations made by Administrative Agent or any Lender may be rescinded by
      Administrative Agent or such Lender and any of the Secured Obligations
      continued, and the Secured Obligations, or the liability of any other Person
      upon or for any part thereof, or any collateral security or guaranty therefor
      or
      right of offset with respect thereto, may, from time to time, in whole or in
      part, be renewed, extended, amended, modified, accelerated, compromised, waived,
      surrendered or released by Administrative Agent and the Lenders, and the Credit
      Agreement and the other Loan Documents and any other documents executed and
      delivered in connection therewith may be amended, modified, supplemented or
      terminated, in whole or in part, as Administrative Agent (or the Required
      Lenders or all the Lenders, as the case may be) may deem advisable from time
      to
      time. Neither Administrative Agent nor any Lender shall have any obligation
      to
      protect, secure, perfect or insure any Lien at any time held by it as security
      for the Secured Obligations or for the guaranty contained in this Section
      2
      or any
      property subject thereto.

    

    2.6. Rights
      of Administrative Agent and the Lenders with Respect to the
      Secured Obligations.
      Administrative Agent and the Lenders may, from time to time, in their sole
      discretion and without notice to any Guarantor, take any or all of the following
      actions: (a) retain or obtain a security interest in any property to secure
      any
      of the Secured Obligations or any obligation hereunder; (b) retain or obtain
      the
      primary or secondary obligation of any obligor or obligors, in addition to
      the
      undersigned, with respect to any of the Secured Obligations; (c) extend or
      renew any of the Secured Obligations for one or more periods (whether or not
      longer than the original period), alter or exchange any of the Secured
      Obligations, or release or compromise any obligation of any of the undersigned
      hereunder or any obligation of any nature of any other obligor with respect
      to
      any of the Secured Obligations; (d) release any guaranty or right of offset
      or
      its security interest in, or surrender, release or permit any substitution
      or
      exchange for, all or any part of any property securing any of the Secured
      Obligations or any obligation hereunder, or extend or renew for one or more
      periods (whether or not longer than the original period) or release, compromise,
      alter or exchange any obligations of any nature of any obligor with respect
      to
      any such property; and (e) resort to the undersigned (or any of them) for
      payment of any of the Secured Obligations when due, whether or not
      Administrative Agent or such Lender shall have resorted to any property securing
      any of the Secured Obligations or any obligation hereunder or shall have
      proceeded against any other of the undersigned or any other obligor primarily
      or
      secondarily obligated with respect to any of the Secured
      Obligations.

     

    
      
        
        

      

      
        6

        
          

        

      

      
        
        

      

    

     

    2.7. Waivers.
      Each
      Guarantor waives any and all notice of the creation, renewal, extension or
      accrual of any of the Secured Obligations, and notice of or proof of reliance
      by
      Administrative Agent or any Lender upon the guaranty contained in this
Section
      2,
      or
      acceptance of the guaranty contained in this Section
      2.
      The
      Secured Obligations, and any of them, shall conclusively be deemed to have
      been
      created, contracted or incurred, or renewed, extended, amended or waived, in
      reliance upon the guaranty contained in this Section
      2,
      and all
      dealings between Borrower and any of the Guarantors, on the one hand, and
      Administrative Agent and the Lenders, on the other hand, likewise shall be
      conclusively presumed to have been made or consummated in reliance upon the
      guaranty contained in this Section
      2.
      Each
      Guarantor waives (a) diligence, presentment, protest, demand for payment and
      notice of default, dishonor or nonpayment and all other notices whatsoever
      to or
      upon Borrower or any of the Guarantors with respect to the Secured Obligations,
      (b) notice of the existence or creation or non-payment of all or any of the
      Secured Obligations, and (c) all diligence in collection or protection of or
      realization upon any Secured Obligations or any security for or guaranty of
      any
      Secured Obligations. 

    

    2.8. Payments.
      Each
      Guarantor hereby guarantees that payments hereunder will be paid to
      Administrative Agent without set-off or counterclaim in Dollars at the office
      of
      Administrative Agent specified in the Credit Agreement.
      Whenever
      Administrative Agent or any Lender shall credit any payment to the Secured
      Obligations or any part thereof, whatever the source or form of payment, the
      credit shall be conditional as to each Guarantor unless and until the payment
      shall be final and valid as to all the world. Without limiting the generality
      of
      the foregoing, each Guarantor agrees that if any check or other instrument
      so
      applied shall be dishonored by the drawer or any party thereto, or if any
      proceeds of Collateral or payment so applied shall thereafter be recovered
      by
      any trustee in bankruptcy or any other Person, each Lender, in each case, may
      reverse any entry relating thereto on its books and each Guarantor shall remain
      liable therefor, even if such Lender may no longer have in its possession any
      instrument evidencing the Secured Obligations to which the payment in question
      was applied. 

    

    2.9. Lenders
      Have No Duty to Make Advances.
      Without
      limiting the obligations of Administrative Agent and the Lenders under the
      Credit Agreement, no Lender shall at any time be under any duty to any Guarantor
      to grant any financial accommodation to Borrower, irrespective of any duty
      or
      commitment of any of the Lenders to Borrower, or to follow or direct the
      application of the proceeds of any such financial accommodation.

     

    
      
        
        

      

      
        7

        
          

        

      

      
        
        

      

    

     

    2.10. Liabilities
      Survive Guarantor’s Dissolution.
      Each
      Guarantor’s liabilities and other obligations under this Agreement shall survive
      any dissolution of such Guarantor.

    

    2.11. Liabilities
      Absolute and Unconditional.
      Each
      Guarantor’s liabilities and other obligations under this Agreement shall be
      absolute and unconditional irrespective of any lack of validity or
      enforceability of the Credit Agreement, any other Loan Document or any other
      agreement, instrument or document evidencing the Loans or Letters of Credit
      or
      related thereto, the existence of any claim, set-off or other rights that
      such Guarantor may have against Borrower or any other Person, or any other
      defense available to such Guarantor in respect of this Agreement (other than
      the
      Payment in Full of the Secured Obligations).

     

    SECTION
      3. GRANT
      OF SECURITY INTEREST.

    

    3.1. Grant.
      Each
      Grantor hereby assigns and transfers to Administrative Agent, and hereby grants
      to Administrative Agent, for the ratable benefit of the Lenders and (to the
      extent provided herein) their Affiliates, a continuing security interest in
      all
      of such Grantor’s Collateral, as collateral security for the prompt and complete
      payment and performance when due (whether at the stated maturity, by
      acceleration or otherwise) of the Secured Obligations.

    

    SECTION
      4. REPRESENTATIONS
      AND WARRANTIES.
      Each
      Grantor hereby represents and warrants to Administrative Agent and each Lender
      that:

    

    4.1. Title;
      No Other Liens.
      Except
      for Liens granted to Administrative Agent, for the benefit of the Lenders,
      pursuant to this Agreement and otherwise expressly permitted under the Credit
      Agreement, each Grantor owns all of the Collateral of such Grantor free and
      clear of any and all Liens or claims of others. No financing statement or other
      public notice with respect to all or any part of the Collateral of such Grantor
      is on file or of record in any public office, except filings evidencing Liens
      expressly permitted under the Credit Agreement or this Agreement.

    

    4.2. Perfected
      First Priority Liens.
      The
      security interests granted pursuant to this Agreement (a) upon completion of
      the
      filings and other actions specified on Schedule
      2
      will
      constitute valid perfected security interests in all of the Collateral in favor
      of Administrative Agent, for the ratable benefit of the Lenders, as collateral
      security for the Secured Obligations, enforceable in accordance with the terms
      hereof against all creditors of each Grantor and any Persons purporting
      to purchase any Collateral from each Grantor, and (b) are prior to all other
      Liens on the Collateral in existence on the Closing Date except for Liens
      expressly permitted under the Credit Agreement, for which priority is accorded
      under applicable law.
      The
      filings and other actions specified on Schedule
      2
      constitute all of the filings and other actions necessary to perfect all
      security interests granted hereunder.

    

    4.3. Grantor
      Information.
      Schedule
      3
      sets
      forth, as of the Closing Date, (a) each Grantor’s jurisdiction of organization,
      (b) the location of each Grantor’s chief executive office, (c) each Grantor’s
      exact legal name as it appears on its organizational documents, and (d) each
      Grantor’s organizational identification number (to the extent a Grantor is
      organized in a jurisdiction which assigns such numbers) and federal employer
      identification number.
      Each
      Grantor is in good standing or full force and effect, as the case may be, under
      the laws of its state of organization or formation, and is duly qualified to
      do
      business in each state in which a failure to so qualify would have a Material
      Adverse Effect.

     

    
      
        
        

      

      
        8

        
          

        

      

      
        
        

      

    

     

    4.4. Corporate
      Authority.
      Each
      Grantor has full power, authority and legal right to pledge such Grantor’s
      Collateral, to execute and deliver this Agreement, and to perform and observe
      the provisions hereof. The officers or members acting on each Grantor’s behalf
      have been duly authorized to execute and deliver this Agreement. This Agreement
      is valid and binding upon each Grantor in accordance with the terms
      hereof.

    

    4.5. No
      Conflict.
       Neither
      the execution and delivery of this Agreement, nor the performance and observance
      of the provisions hereof, by a Grantor will conflict with, or constitute a
      violation or default under, any provision of any applicable law or of any
      contract (including, without limitation, such Grantor’s organizational
      documents) or of any other writing binding upon such Grantor in any manner,
      except for conflicts or violations that would not have a Material Adverse
      Effect.

    

    4.6. Locations.
      On the
      Closing Date, Schedule
      4
      sets
      forth (a) each place of business of each Grantor (including its chief executive
      office), (b) all locations where any Collateral (except for mobile goods and
      Inventory or Equipment in transit) owned by a Grantor is kept, and (c) whether
      each such location and place of business (including each Grantor’s chief
      executive office) is owned or leased (and if leased, specifies the complete
      name
      and notice address of each lessor).
      No
      Collateral (with an aggregate market value in excess of Seventy-Five Thousand
      Dollars ($75,000) per location at any one time) is located outside the United
      States or in the possession of any lessor, bailee, warehouseman or consignee,
      except as indicated on Schedule
      4.

    

    4.7. Certain
      Property.
      None of
      the Grantors own (a) farm products, (b) health care insurance receivables,
      or
      (c) vessels or aircraft.

    

    4.8. Investment
      Property.
      

    

    (a) The
      Pledged Equity pledged by each Grantor hereunder constitute all of the issued
      and outstanding equity interests of each Subsidiary of such Grantor;
provided
      that no Grantor shall be required to pledge (i) more than sixty-five percent
      (65%) of the total combined voting power of all classes of equity interests
      of
      any Foreign Subsidiary entitled to vote, and (ii) equity interests of a Foreign
      Subsidiary that is not a first-tier Foreign Subsidiary.

    

    (b) All
      of
      the Pledged Equity has been duly and validly issued and is fully paid and
      nonassessable.

    

    (c) Each
      Grantor is the legal record and beneficial owner of, and has good and marketable
      title to, the Pledged Equity of such Grantor. 

     

    
      
        
        

      

      
        9

        
          

        

      

      
        
        

      

    

     

    (d) No
      material consent, license, permit, approval or authorization, filing or
      declaration with any governmental authority, and no consent of any other Person,
      is required to be obtained by any Grantor in connection with the pledge of
      such
      Grantor’s Pledged Equity hereunder, that has not been obtained or made, and is
      not in full force and effect. 

    

    (e) Each
      Grantor has the full power, authority and legal right to pledge the Pledged
      Equity of such Grantor pursuant to the terms of this Agreement.

    

    (f) Each
      of
      the Pledged Notes (if any) constitutes the legal, valid and binding obligation
      of the obligor with respect thereto, enforceable in accordance with its tenor
      and free from any defense or offset of any kind. Each Grantor has a valid,
      duly
      perfected security interest in and lien on all of the property that serves
      to
      secure the Pledged Notes. Such Grantor’s security interest constitutes the first
      and only lien upon such property and, to such Grantor’s knowledge, constitutes
      the first and only lien upon such property and, to such Grantor’s knowledge, no
      other party claims to have any right, title or interest of any kind in or to
      such property other than such Grantor.

    

    (g) Schedule
      1
      lists
      all Investment Property owned by each Grantor. Each Grantor is the record and
      beneficial owner of, and has good and marketable title to, the Investment
      Property pledged by it hereunder, free of any and all Liens or options in favor
      of, or claims of, any other Person, except Liens expressly permitted under
      the
      Credit Agreement. 

    

    (h) Each
      Grantor fully anticipates that the Secured Obligations will be repaid without
      the necessity of selling the Pledged Equity.

    

    4.9. Receivables.
      

    

    (a) No
      material amount payable to such Grantor under or in connection with any
      Receivable is evidenced by any Instrument or Chattel Paper which has not been
      delivered to Administrative Agent. 

     

    
      
        
        

      

      
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    (b) No
      obligor on any Receivable is a governmental authority. 

    

    (c) The
      amounts represented by such Grantor to Administrative Agent and the Lenders
      from
      time to time as owing to such Grantor in respect of the Receivables (to the
      extent such representations are required by any of the Loan Documents) will
      at
      all such times be accurate in all material respects. 

    

    4.10. Intellectual
      Property.
      

    

    (a) Schedule
      5
      lists
      all Intellectual Property owned by each Grantor in its own name on the Closing
      Date that has been registered with the United States Patent and Trademark
      Office, the United States Copyright Office, any comparable foreign agency,
      or
      for which an application for registration is pending at such agencies separately
      identifying that owned by such Grantor and that licensed to such
      Grantor. 

    

    (b) On
      the
      Closing Date, all material Intellectual Property owned by each Guarantor is
      valid, subsisting, unexpired and enforceable and has not been abandoned.

    

    (c) Except
      as
      set forth in Schedule
      5,
      none of
      the Intellectual Property is the subject of any licensing or franchise agreement
      pursuant to which any Grantor is the licensor or franchisor. 

    

    (d) Each
      Grantor owns and possesses or has a license or other right to use all of such
      Grantor’s material Intellectual Property as is necessary for the conduct of the
      businesses of such Grantor, without any infringement upon rights of others
      which
      could reasonably be expected to have a Material Adverse Effect, and no such
      Intellectual Property has been adjudged invalid or unenforceable.

    

    (e) Each
      Grantor has used, and shall continue to use, for the duration of this Agreement,
      proper statutory notice in connection with its use of its Intellectual Property,
      except where the failure to do so will not have a Material Adverse
      Effect.

    

    4.11. Depositary
      and Other Accounts.
      All
      depositary and other accounts maintained by each Grantor are described on
Schedule
      6
      hereto,
      which description includes, for each such account, the name of the Grantor
      maintaining such account, the name, address, telephone and fax numbers of the
      financial institution at which such account is maintained, the account number
      and the account officer, if any, of such account. 

    

    4.12. Consideration;
      Insolvency.
      Each
      Grantor has received consideration that is the reasonably equivalent value
      of
      the obligations and liabilities that such Grantor has incurred to the Lenders.
      No Grantor is insolvent, as defined in any applicable state or federal statute,
      nor will any Grantor be rendered insolvent by the execution and delivery of
      this
      Agreement to Administrative Agent or any other documents executed and delivered
      to Administrative Agent and the Lenders in connection herewith. No Grantor
      has
      engaged, nor is any Grantor about to engage, in any business or transaction
      for
      which the assets retained by it are or will be an unreasonably small amount
      of
      capital, taking into consideration the obligations to the Lenders incurred
      hereunder. No Grantor intends to, nor does it believe that it will, incur debts
      beyond its ability to pay such debts as they mature. 

    

    4.13. No
      Event of Default.
      At the
      execution and delivery hereof, no Event of Default will exist.

    

    SECTION
      5. COVENANTS.

    

    Each
      Grantor covenants and agrees with Administrative Agent and the Lenders that,
      from and after the Closing Date until the Secured Obligations shall have been
      Paid in Full: 

    

    5.1. Delivery
      of Instruments, Certificated Securities and Chattel Paper.
      If any
      amount payable under or in connection with any of the Collateral shall be or
      become evidenced by any Instrument, Certificated Security or Chattel Paper,
      such
      Instrument, Certificated Security or Chattel Paper shall be immediately
      delivered to Administrative Agent, duly indorsed in a manner reasonably
      satisfactory to Administrative Agent, to be held as Collateral pursuant to
      this
      Agreement. In the event that a Default or an Event of Default shall have
      occurred and be continuing, upon the request of Administrative Agent, any
      Instrument, Certificated Security or Chattel Paper not theretofore delivered
      to
      Administrative Agent and at such time being held by any Grantor shall be
      immediately delivered to Administrative Agent, duly indorsed in a manner
      satisfactory to Administrative Agent, to be held as Collateral pursuant to
      this
      Agreement. 

     

    
      
        
        

      

      
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    5.2. Maintenance
      of Perfected Security Interest; Further Documentation.
      

    

    (a) Such
      Grantor shall maintain the security interest created by this Agreement as a
      perfected security interest having at least the priority described in
Section
      4.2
      and
      shall defend (if commercially reasonable) such security interest against the
      claims and demands of all Persons whomsoever. 

    

    (b) Such
      Grantor will furnish to Administrative Agent and the Lenders from time to time
      statements and schedules further identifying and describing the Collateral
      and
      such other reports in connection therewith as Administrative Agent may
      reasonably request, all in reasonable detail and in form and substance
      reasonably satisfactory to Administrative Agent provided
      that
      Administrative Agent shall not request such information more than once (with
      respect to the same information) during any fiscal year of Borrower unless
      an
      Event of Default shall have occurred and be continuing. 

    

    (c) At
      any
      time and from time to time, upon the written request of Administrative Agent,
      and at the sole expense of such Grantor, such Grantor will promptly and duly
      execute and deliver, and have recorded, such further instruments and documents
      and take such further actions as Administrative Agent may reasonably request
      for
      the purpose of obtaining or preserving the full benefits of this Agreement
      and
      of the rights and powers herein granted, including (i) filing any financing
      or
      continuation statements under the UCC (or other similar laws) in effect in
      any
      jurisdiction with respect to the security interests created hereby, and (ii)
      in
      the case of Investment Property and any other relevant Collateral, taking any
      actions necessary to enable Administrative Agent to obtain “control” (within the
      meaning of the applicable UCC) with respect thereto. 

    

    5.3. Changes
      in Locations and Name.
      Such
      Grantor shall not do any of the following: 

    

    (i) permit
      any Collateral to be kept at a location other than those listed on Schedule
      4;
      

    

    (ii) change
      its jurisdiction of organization or the location of its chief executive office
      from that specified on Schedule
      3
      or in
      any subsequent notice delivered pursuant to this Section
      5.3;
      or

    

    (iii) change
      its legal name, identity or corporate structure; 

     

    
      
        
        

      

      
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    unless
      (A) at least thirty (30) days (or fewer days if agreed to in writing by
      Administrative Agent) prior to the date of occurrence of such action or event,
      Grantor provides written notice thereof to Administrative Agent, and (B) such
      Grantor promptly delivers to Administrative Agent (1) all additional financing
      statements and other documents reasonably requested by Administrative Agent
      or
      any Lender to maintain the validity, perfection and priority of the security
      interests provided for herein, and (2) if applicable, a written supplement
      to
      Schedule 4 showing (y) any additional locations at which Inventory or Equipment
      shall be kept or (z) any changes in any location where Inventory or Equipment
      shall be kept, in either case, that would require Administrative Agent to take
      any action to maintain a perfected security interest in such
      Collateral.

    

    5.4. Insurance.
      Such
      Grantor shall at all times maintain insurance upon the Collateral in accordance
      with Section 10.3(b) of the Credit Agreement.

    

    5.5. Notices.
      Such
      Grantor will, in writing, promptly advise Administrative Agent and the Lenders
      promptly, in reasonable detail, of: 

    

    (a) the
      occurrence and continuation of any Event of Default, or if the Internal Revenue
      Service alleges the nonpayment or underpayment of any tax by any Grantor;
      and

    

    (b) the
      occurrence of any other event which could reasonably be expected to have a
      Material Adverse Effect on the aggregate value of the Collateral or on the
      Liens
      created
      hereby. 

    

    5.6. Transfers,
      Liens and Modifications Regarding Collateral.
      No
      Grantor shall, without Administrative Agent’s prior written consent, except as
      specifically permitted under the Credit Agreement, (a) sell, assign, transfer
      or
      otherwise dispose of, or grant any option with respect to, or create, incur,
      or
      permit to exist any Lien with respect to any of the Collateral, or any interest
      therein, or Proceeds, except for the lien and security interest provided for
      by
      this Agreement or the Credit Agreement and any security agreement securing
      only
      Administrative Agent, for the benefit of the Lenders; or (b) enter into or
      assent to any amendment, compromise, extension, release or other modification
      of
      any kind of, or substitution for, any of the Accounts of such Grantor except
      in
      the ordinary course of business of such Grantor.

    

    5.7. Investment
      Property.
      

    

    (a) If
      such
      Grantor shall become entitled to receive or shall receive any
      certificate,
      option
      or rights in respect of the equity interests of any Issuer, whether in addition
      to, in substitution of, as a conversion of, or in exchange for, any of the
      Pledged Equity, or otherwise in respect thereof, such Grantor shall accept
      the
      same as the agent of Administrative Agent and the Lenders, hold the same in
      trust for Administrative Agent and the Lenders and deliver the same forthwith
      to
      Administrative Agent in the exact form received, duly indorsed by such Grantor
      to Administrative Agent, if required, together with an undated instrument of
      transfer covering such certificate duly executed in blank by such Grantor and
      with, if Administrative Agent so requests, signature guarantied, to be held
      by
      Administrative Agent, subject to the terms hereof, as additional Collateral
      for
      the Secured Obligations. Upon the occurrence and during the continuance of
      an
      Event of Default, (i) any sums paid upon or in respect of the Investment
      Property upon the liquidation or dissolution of any Issuer shall be paid over
      to
      Administrative Agent to be held by it hereunder as additional Collateral for
      the
      Secured Obligations, and (ii) in case any distribution of capital shall be
      made
      on or in respect of the Investment Property or any property shall be distributed
      upon or with respect to the Investment Property pursuant to the recapitalization
      or reclassification of the capital of any Issuer or pursuant to the
      reorganization thereof, the property so distributed shall, unless otherwise
      subject to a perfected Lien in favor of Administrative Agent, be delivered
      to
      Administrative Agent to be held by it hereunder
      as additional Collateral for the Secured Obligations. Upon the occurrence and
      during the continuance of an Event of Default, if any sums of money or property
      so paid or distributed in respect of the Investment Property shall be received
      by such Grantor, such Grantor shall, until such money or property is paid or
      delivered to Administrative Agent, hold such money or property in trust for
      the
      Lenders, segregated from other funds of such Grantor, as additional Collateral
      for the Secured Obligations. 

     

    
      
        
        

      

      
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    (b) Without
      the prior written consent of Administrative Agent (which consent will not
      unreasonably be withheld), such Grantor will not (i) vote to enable, or take
      any
      other action to permit, any Issuer to issue any equity interests of any nature
      or to issue any other securities or interests convertible into or granting
      the
      right to purchase or exchange for any equity interests of any nature of any
      Issuer, except, in each case, as permitted by the Credit Agreement, (ii) sell,
      assign, transfer, exchange, or otherwise dispose of, or grant any option with
      respect to, the Investment Property or Proceeds thereof (except pursuant to
      a
      transaction expressly permitted by the Credit Agreement), (iii) create, incur
      or
      permit to exist any Lien or option in favor of, or any claim of any Person
      with
      respect to, any of the Investment Property or Proceeds thereof, or any interest
      therein, except for Liens expressly permitted under the Credit Agreement, or
      (iv) enter into any agreement or undertaking restricting the right or ability
      of
      such Grantor or Administrative Agent to sell, assign or transfer any of the
      Investment Property or Proceeds thereof, except, with respect to such Investment
      Property, shareholders’ agreements entered into by such Grantor with respect to
      Persons in which such Grantor maintains an ownership interest of fifty (50%)
      or
      less. 

    

    (c) In
      the
      case of each Grantor which is an Issuer, such Issuer agrees that (i) it will
      be
      bound by the terms of this Agreement relating to the Investment Property issued
      by it and will comply with such terms insofar as such terms are applicable
      to
      it, and (ii) the terms of Sections
      7.3(c)
      and
7.7
      shall
      apply to such Grantor with respect to all actions that may be required of it
      pursuant to Section
      7.3(c)
      or
7.7
      regarding the Investment Property issued by it. 

    

    5.8. Receivables.
      

    

    (a) Other
      than in the ordinary course of business consistent with its past practice and
      in
      amounts which are not material to such Grantor, such Grantor will not (i) grant
      any extension of the time of payment of any Receivable, (ii) compromise or
      settle any Receivable for less than the full amount thereof, (iii) release,
      wholly or partially, any Person liable for the payment of any Receivable, (iv)
      allow any credit or discount whatsoever on any Receivable, or (v) amend,
      supplement or modify any Receivable in any manner that is likely to adversely
      affect the value thereof. 

     

    
      
        
        

      

      
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    (b) Such
      Grantor will deliver to Administrative Agent a copy of each material demand,
      notice or document received by it that questions or calls into doubt the
      validity or enforceability of more than five percent (5%) of the aggregate
      amount of the then outstanding Receivables for all Grantors. 

    

    5.9. Depositary
      and Other Deposit Accounts.
      Each
      Grantor shall maintain all of its principal deposit accounts with Administrative
      Agent;
      provided that, notwithstanding the foregoing, Borrower shall be allowed to
      maintain deposit accounts (each an “Excepted Account”) with banks other than
      Administrative Agent so long as (a) the aggregate balance in all such deposit
      accounts shall not exceed Five Hundred Thousand Dollars ($500,000) at any time,
      or (b) such deposit accounts shall be subject to a daily automatic sweep wherein
      all deposits are transmitted daily, via wire transfer, to a deposit account
      maintained with Administrative Agent.
      No
      Grantor shall open any depositary or other deposit accounts unless such Grantor
      shall have given Administrative Agent at least five (5) days prior written
      notice of its intention to open any such new deposit accounts. The Grantors
      shall deliver to Administrative Agent a revised version of Schedule
      6
      showing
      any changes thereto within ten (10) days of any such change. Each Grantor hereby
      authorizes the financial institutions at which such Grantor maintains a deposit
      account to provide Administrative Agent with such information with respect
      to
      such deposit account as Administrative Agent may from time to time reasonably
      request, and each Grantor hereby consents to such information being provided
      to
      Administrative Agent. Concurrently with the creation of any such account, each
      Grantor will cause each financial institution at which such Grantor maintains
      a
      depositary or other deposit account (other than an Excepted Account) to enter
      into a bank agency or other similar agreement with Administrative Agent and
      such
      Grantor, in form and substance satisfactory to Administrative Agent, in order
      to
      give Administrative Agent “control” (as defined in the UCC) of such
      account.

    

    5.10. Other
      Matters.

    

    (a) Prior
      to
      the Closing Date, each of the Grantors shall cause to be delivered to
      Administrative Agent a Collateral Access Agreement with respect to (a) each
      bailee with which such Grantor keeps Inventory or other assets as of the Closing
      Date with a fair market value in excess of Fifty Thousand Dollars ($50,000),
      and
      (b) each landlord which leases real property (and the accompanying facilities)
      to any of the Grantors as of the Closing Date. The time period for completing
      such requirement may be extended or such requirement may be waived at the option
      of Administrative Agent. If any Grantor shall cause to be delivered Inventory
      or
      other property in excess of Fifty Thousand Dollars ($50,000) (in the aggregate)
      in fair market value to any bailee after the Closing Date, such Grantor shall
      cause such bailee to sign a Collateral Access Agreement. Such requirement may
      be
      waived at the option of Administrative Agent. If any Grantor shall lease any
      real property or facilities and the value of property of such Grantor located
      at
      such leased real property is in excess of Fifty Thousand Dollars ($50,000)
      (in
      the aggregate) in fair market value after the Closing Date, such Grantor shall
      cause the landlord in respect of such leased property or facilities to sign
      a
      Collateral Access Agreement. Such requirement may be waived at the option of
      Administrative Agent. 

     

    
      
        
        

      

      
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    (b) Each
      Grantor authorizes Administrative Agent to, at any time and from time to time,
      file financing statements, continuation statements, and amendments thereto
      that
      describe the Collateral as “all assets” or “all personal property” of each
      Grantor, or words of similar effect, and that contain any other information
      required pursuant to the UCC for the sufficiency of filing office acceptance
      of
      any financing statement, continuation statement or amendment, and each Grantor
      agrees to furnish any such information to Administrative Agent promptly upon
      request. Any such financing statement, continuation statement or amendment
      may
      be filed at any time in any jurisdiction. 

    

    (c) Each
      Grantor shall, at any time and from time and to time, take such steps as
      Administrative Agent may reasonably request for Administrative Agent (i) to
      obtain an acknowledgement, in form and substance reasonably satisfactory to
      Administrative Agent, of any bailee having possession of any of the Collateral,
      stating that the bailee holds such Collateral for Administrative Agent,
      (ii) to obtain “control” of any letter-of-credit rights, or electronic
      chattel paper (as such terms are defined by the UCC with corresponding
      provisions thereof defining what constitutes “control” for such items of
      Collateral), with any agreements establishing control to be in form and
      substance reasonably satisfactory to Administrative Agent, and
      (iii) otherwise to insure the continued perfection and priority of
      Administrative Agent’s security interest in any of the Collateral and of the
      preservation of its rights therein. If any Grantor shall at any time, acquire
      a
      Commercial Tort Claim in excess of Fifty Thousand Dollars ($50,000), such
      Grantor shall promptly notify Administrative Agent thereof in writing and
      supplement Schedule
      7,
      therein
      providing a reasonable description and summary thereof, and, upon delivery
      thereof to Administrative Agent, such Grantor shall be deemed to thereby grant
      to Administrative Agent (and such Grantor hereby grants to Administrative Agent)
      a security interest and lien in and to such Commercial Tort Claim and all
      proceeds thereof, all upon the terms of and governed by this Agreement.

    

    (d) Without
      limiting the generality of the foregoing, if any Grantor at any time holds
      or
      acquires an interest in any Electronic Chattel Paper or any “transferable
      record”, as that term is defined in Section 201 of the federal Electronic
      Signatures in Global and National Commerce Act, or in §16 of the Uniform
      Electronic Transactions Act as in effect in any relevant jurisdiction, such
      Grantor shall promptly notify Administrative Agent thereof and, at the request
      of Administrative Agent, shall take such action as Administrative Agent may
      reasonably request to vest in Administrative Agent “control” under Section 9-105
      of the UCC of such Electronic Chattel Paper or control under Section 201 of
      the
      federal Electronic Signatures in Global and National Commerce Act or, as the
      case may be, §16 of the Uniform Electronic Transactions Act, as so in effect in
      such jurisdiction, of such transferable record.

    

    5.11. Use
      of
      Inventory and Equipment.
      Until
      the exercise by Administrative Agent and the Lenders of their rights under
      this
      Agreement, each Grantor may (a) retain possession of and use the Inventory
      and
      Equipment of such Grantor in any lawful manner not inconsistent with this
      Agreement or with the terms, conditions, or provisions of any policy of
      insurance thereon; (b) sell or lease the Inventory of such Grantor in the
      ordinary course of business; and (c) use and consume raw materials or supplies,
      the use and consumption of which are necessary in order to carry on such
      Grantor’s business.

     

    
      
        
        

      

      
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    SECTION
      6. DEFAULT.
      The
      occurrence of an Event of Default, as defined in the Credit Agreement, shall
      constitute an Event of Default hereunder. 

    

    SECTION
      7. REMEDIAL
      PROVISIONS.

    

    7.1. Certain
      Matters Relating to Receivables.
      

    

    (a) At
      any
      time and from time to time after the occurrence and during the continuance
      of an
      Event of Default, Administrative Agent shall have the
      right
      to make test verifications of the Receivables in any manner and through any
      medium that it reasonably considers advisable, and each Grantor shall furnish
      all such assistance and information as Administrative Agent may reasonably
      require in connection with such test verifications. At
      any
      time and from time to time after the occurrence and during the continuance
      of an
      Event of Default, upon Administrative Agent’s reasonable request and at the
      expense of the relevant Grantor, such Grantor shall cause independent public
      accountants or others reasonably satisfactory to Administrative Agent to furnish
      to Administrative Agent reports showing reconciliations, agings and test
      verifications of, and trial balances for, the Receivables. 

    

    (b) The
      Administrative Agent hereby authorizes each Grantor to collect such Grantor’s
      Receivables, and Administrative Agent may curtail or terminate such authority
      at
      any time after the occurrence and during the continuance of an Event of Default.
      If required by Administrative Agent at any time after the occurrence and during
      the continuance of an Event of Default, any payments of Receivables, when
      collected by any Grantor (i) shall be forthwith (and, in any event, within
      two
      Business Days) deposited by such Grantor in the exact form received, duly
      indorsed by such Grantor to Administrative Agent if required, in a collateral
      account maintained under the sole dominion and control of Administrative Agent,
      subject to withdrawal by Administrative Agent for the account of the Lenders
      only as provided in Section
      7.5,
      and
      (ii) until so turned over, shall be held by such Grantor in trust for
      Administrative Agent and the Lenders, segregated from other funds of such
      Grantor. Each such deposit of Proceeds of Receivables shall be accompanied
      by a
      report identifying in reasonable detail the nature and source of the payments
      included in the deposit. 

    

    (c) At
      any
      time and from time to time after the occurrence and during the continuance
      of an
      Event of Default, at Administrative Agent’s request, each Grantor shall deliver
      to Administrative Agent all original and other documents evidencing, and
      relating to, the agreements and transactions which gave rise to the Receivables,
      including all original orders, invoices
      and shipping receipts. 

    

    7.2. Communications
      with Obligors; Grantors Remain Liable.
      

    

    (a) Administrative
      Agent, in its own name or in the name of others, may at any time, after the
      occurrence and during the continuance of an Event of Default, communicate with
      obligors under the Receivables to verify with them, to Administrative Agent’s
      reasonable satisfaction, the existence, amount and terms of any
      Receivables. 

     

    
      
        
        

      

      
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    (b) Upon
      the
      request of Administrative Agent, at any time after the occurrence and during
      the
      continuance of an Event of Default, each Grantor shall notify obligors on the
      Receivables that the Receivables have been assigned to Administrative Agent,
      for
      the ratable benefit of the Lenders, and that payments in respect thereof shall
      be made directly to Administrative Agent. 

    

    (c) Anything
      herein to the contrary notwithstanding, each Grantor shall remain liable in
      respect of each of the Receivables to observe and perform in all material
      respects all the conditions and obligations to be observed and performed by
      it
      thereunder, all in accordance with the terms of any agreement giving rise
      thereto. Neither Administrative Agent nor any Lender shall have any obligation
      or liability under any Receivable (or any agreement giving rise thereto) by
      reason of or arising out of this Agreement or the receipt by Administrative
      Agent or any Lender of any payment relating thereto, nor shall Administrative
      Agent or any Lender be obligated in any manner to perform any of the obligations
      of any Grantor under or pursuant to any Receivable (or any agreement giving
      rise
      thereto), to make any payment, to make any inquiry as to the nature or the
      sufficiency of any payment received by it or as to the sufficiency of any
      performance by any party thereunder, to present or file any claim, to take
      any
      action to enforce any performance, or to collect the payment of any amounts
      which may have been assigned to it or to which it may be entitled at any time
      or
      times. 

    

    (d) For
      the
      purpose of enabling Administrative Agent to exercise rights and remedies under
      this Agreement, each Grantor hereby grants to Administrative Agent, for the
      benefit of Administrative Agent and the Lenders, an irrevocable, nonexclusive
      license (exercisable without payment of royalty or other compensation to such
      Grantor) to use, license or sublicense any Intellectual Property now owned
      or
      hereafter acquired by such Grantor, and wherever the same may be located, and
      including in such license access to all media in which any of the licensed
      items
      may be recorded or stored and to all computer software and programs used for
      the
      compilation or printout thereof. 

    

    7.3. Investment
      Property.
      

    

    (a) Unless
      an
      Event of Default shall have occurred and be continuing and Administrative Agent
      shall have given notice to the relevant Grantor of Administrative Agent’s intent
      to exercise its corresponding rights pursuant to Section
      7.3(b),
      each
      Grantor shall be permitted to receive all cash dividends and distributions
      paid
      in respect of the Pledged Equity and all payments made in respect of the Pledged
      Notes, to the extent permitted in the Credit Agreement, and to exercise all
      voting and other rights with respect to the Investment Property; provided that
      no vote shall be cast or other right exercised or action taken which could
      impair the Collateral or which would be inconsistent with or result in any
      violation of any provision of the Credit Agreement, this Agreement or any other
      Loan Document. 

    

    (b) If
      an
      Event of Default shall occur and be continuing, (i) Administrative Agent shall
      have the right to receive any and all cash dividends and distributions, payments
      or other Proceeds paid in respect of the Investment Property and make
      application thereof to the Secured Obligations in such order as Administrative
      Agent may determine, and (ii) any or all of the Investment Property shall be
      registered, at the option of Administrative Agent, in the name of Administrative
      Agent or its nominee, and Administrative Agent or its nominee may thereafter
      exercise (A) all voting and other rights pertaining to such Investment Property
      at any meeting of holders of the equity interests of the relevant Issuer or
      Issuers or otherwise, and (B) any and all rights of conversion, exchange and
      subscription and any other rights, privileges or options pertaining to such
      Investment Property as if it were the absolute owner thereof (including the
      right to exchange at its discretion any and all of the Investment Property
      upon
      the merger, consolidation, reorganization, recapitalization or other fundamental
      change in the corporate or other structure of any Issuer, or upon the exercise
      by any Grantor or Administrative Agent of any right, privilege or option
      pertaining to such Investment Property, and in connection therewith, the right
      to deposit and deliver any and all of the Investment Property with any
      committee, depositary, transfer agent, registrar or other designated agency
      upon
      such terms and conditions as Administrative Agent may determine), all without
      liability except to account for property actually received by it; provided
      that
      Administrative Agent shall have no duty to any Grantor to exercise any such
      right, privilege or option, and shall not be responsible for any failure to
      do
      so or delay in so doing. 

     

    
      
        
        

      

      
        18

        
          

        

      

      
        
        

      

    

     

    (c) Each
      Grantor hereby authorizes and instructs each Issuer of any Investment Property
      pledged by such Grantor hereunder to (i) comply with any instruction received
      by
      it from Administrative Agent in writing that (A) states that an Event of Default
      has occurred and is continuing, and (B) is otherwise in accordance with the
      terms of this Agreement, without any other or further instructions from such
      Grantor, and each Grantor agrees that each Issuer shall be fully protected
      in so
      complying, and (ii) unless otherwise expressly permitted hereby, pay any
      dividends, distributions or other payments with respect to the Investment
      Property directly to Administrative Agent, for the ratable benefit of the
      Lenders. 

    

    7.4. Proceeds
      to be Turned Over to Administrative Agent.
      Except
      as otherwise provided under the Credit Agreement and in addition to the rights
      of Administrative Agent and the Lenders specified in Section
      7.1
      with
      respect to payments of Receivables, if an Event of Default shall occur and
      be
      continuing, all Proceeds received by any Grantor consisting of cash, checks
      and
      other cash equivalent items shall be held by such Grantor in trust for
      Administrative Agent and the Lenders, segregated from other funds of such
      Grantor, and shall, forthwith upon receipt by such
      Grantor, be turned over to Administrative Agent in the exact form received
      by
      such Grantor (duly indorsed by such Grantor to Administrative Agent, if
      required). All Proceeds received by Administrative Agent hereunder shall be
      held
      by Administrative Agent in a collateral account maintained under its sole
      dominion and control. All Proceeds, while held by Administrative Agent in any
      collateral account (or by such Grantor in trust for Administrative Agent and
      the
      Lenders) established pursuant hereto, shall continue to be held as collateral
      security for the Secured Obligations and shall not constitute payment thereof
      until applied as provided in Section
      7.5. 

    

    7.5. Application
      of Proceeds.
      At such
      intervals as may be agreed upon by Borrower and Administrative Agent, or, if
      an
      Event of Default shall have occurred and be continuing, at any time at
      Administrative Agent’s election, Administrative Agent may apply all or any part
      of the Proceeds from the sale of, or other realization upon, all or any part
      of
      the Collateral in payment of the Secured Obligations in such order as
      Administrative Agent shall determine in its discretion. Any part of such funds
      that Administrative Agent elects not so to apply and deems not required as
      collateral security for the Secured Obligations shall be paid over from time
      to
      time by Administrative Agent to the applicable Grantor or to whomsoever may
      be
      lawfully entitled to receive the same. Any balance of such Proceeds remaining
      after the Secured Obligations shall have been Paid in Full shall be paid over
      to
      the applicable Grantor or to whomsoever may be lawfully entitled to receive
      the
      same. In the absence of a specific determination by Administrative Agent, the
      Proceeds from the sale of, or other realization upon, all or any part of the
      Collateral in payment of the Secured Obligations shall be applied in the
      following order: 

     

    
      
        
        

      

      
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    FIRST,
      to
      the payment of all fees, costs, expenses and indemnities of Administrative
      Agent
      (in its capacity as such), including Attorney Costs, and any other Obligations
      owing to Administrative Agent in respect of sums advanced by Administrative
      Agent to preserve the Collateral or to preserve its security interest for the
      benefit of the Lenders in the Collateral, until paid in full; 

    

    SECOND,
      to the payment of all fees, costs, expenses and indemnities of the Lenders,
      pro-rata, until paid in full; 

    

    THIRD,
      to
      the payment of all of the Obligations (other than Bank Product Obligations
      and
      Hedging Obligations) consisting of accrued and unpaid interest and Letter of
      Credit fees owing to any Lender, pro-rata, until paid in full; 

    

    FOURTH,
      to the payment, pro rata, of all Obligations consisting of principal and
      unreimbursed Letter of Credit obligations owing to any Lender, for the cash
      collateralization (by Administrative Agent) of outstanding Letters of Credit,
      and to the payment of Bank Products Obligations and Hedging Obligations owing
      to
      any existing Lender or its Affiliates, until paid in full; 

    

    FIFTH,
      to
      the payment of all other Secured Obligations owing to each Lender, pro-rata,
      until paid in full; and

    

    SIXTH,
      to
      the payment of any remaining Proceeds, if any, to whomever may be lawfully
      entitled to receive such amounts. 

    

    7.6. Code
      and Other Remedies.
      If an
      Event of Default shall occur and be continuing, Administrative Agent, on behalf
      of the Lenders, may exercise, in addition to all other rights and remedies
      granted to them in this Agreement and in any other instrument or agreement
      securing, evidencing or relating to the Secured Obligations, all rights and
      remedies of a secured party under the UCC or any other applicable law. Without
      limiting the generality of the foregoing, Administrative Agent, without demand
      of performance or other demand, presentment, protest, advertisement or notice
      of
      any kind (except any notice required by law referred to below) to or upon any
      Grantor or any other Person (all and each of which demands, defenses,
      advertisements and notices are hereby waived), may in such circumstances
      forthwith collect, receive, appropriate and realize upon the Collateral, or
      any
      part thereof, and/or may forthwith sell, lease, assign, give options to
      purchase, or otherwise dispose of and deliver the Collateral or any part thereof
      (or contract to do any of the foregoing), in one or more parcels at public
      or
      private sale or sales, at any exchange, broker’s board or office of
      Administrative Agent or any Lender or elsewhere upon such terms and conditions
      as it may deem advisable and at such prices as it may deem best, for cash or
      on
      credit or for future delivery with assumption of any credit risk. The
      Administrative Agent or any Lender shall have the right upon any such public
      sale or sales, and, to the extent permitted by law, upon any such private sale
      or sales, to purchase the whole or any part of the Collateral so sold, free
      of
      any right or equity of redemption in any Grantor, which right or equity is
      hereby waived and released. In connection with any such public or private sales,
      each Grantor further agrees, at Administrative Agent’s request, to assemble the
      Collateral and make it available to Administrative Agent at places which
      Administrative Agent shall reasonably
      select, whether at such Grantor’s premises or elsewhere. Administrative Agent
      shall apply the net proceeds of any action taken by it pursuant to this
Section
      7.6,
      after
      deducting all reasonable costs and expenses of every kind incurred in connection
      therewith or incidental to the care or safekeeping of any of the Collateral
      or
      in any way relating to the Collateral or the rights of Administrative Agent
      and
      the Lenders hereunder, including Attorney Costs to the payment in whole or
      in
      part of the Secured Obligations, in such order as Administrative Agent may
      elect, and only after such application and after the payment by Administrative
      Agent of any other amount required by any provision of law, need Administrative
      Agent account for the surplus, if any, to any Grantor. To the extent permitted
      by applicable law, each Grantor waives all claims, damages
      and demands it may acquire against Administrative Agent or any Lender arising
      out of the exercise by them of any rights hereunder. If any notice of a proposed
      sale or other disposition of Collateral shall be required by law, such notice
      shall be deemed reasonable and proper if given at least ten (10) days before
      such sale or other disposition. 

     

    
      
        
        

      

      
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    7.7. Marketability
      and Private Sales

    

    (a) Each
      Grantor recognizes that Administrative Agent may be unable to effect a public
      sale of any or all the Pledged Equity, by reason of certain prohibitions
      contained in the Securities Act and applicable state securities laws or
      otherwise, and may be compelled to resort to one or more private sales thereof
      to a restricted group of purchasers which will be obliged to agree, among other
      things, to acquire such securities for their own account for investment and
      not
      with a view to the distribution or resale thereof. Each Grantor acknowledges
      and
      agrees that any such private sale may result in prices and other terms less
      favorable than if such sale were a public sale and, notwithstanding such
      circumstances, agrees that any such private sale shall be deemed to have been
      made in a commercially reasonable manner. Administrative Agent shall be under
      no
      obligation to delay a sale of any of the Pledged Equity for the period of time
      necessary to permit the Issuer thereof to register such securities or other
      interests for public sale under the Securities Act, or under applicable state
      securities laws, even if such Issuer would agree to do so. 

    

    (b) Each
      Grantor agrees to use its best efforts to do or cause to be done all such other
      acts as may be necessary to make such sale or sales of all or any portion of
      the
      Pledged Equity pursuant to this Section
      7.7
      valid
      and binding and in compliance with applicable law. 

     

    
      
        
        

      

      
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    7.8. Waiver;
      Deficiency.
      Each
      Grantor waives and agrees not to assert any rights or privileges that it may
      acquire under Section 9-626 of the UCC. Each Grantor shall remain liable for
      any
      deficiency if the proceeds of any sale or other disposition of the Collateral
      are insufficient to pay the Obligations in full and the Attorney Costs of any
      attorneys employed by Administrative Agent or any Lender to collect such
      deficiency.

    

    SECTION
      8. THE
      ADMINISTRATIVE AGENT.

     

    8.1. Administrative
      Agent’s Appointment as Attorney-in-Fact.
      

    

    (a) Each
      Grantor hereby irrevocably constitutes and appoints Administrative Agent and
      any
      officer or agent thereof, with full power of substitution, as its true and
      lawful attorney-in-fact with full irrevocable power and authority in the place
      and stead of such Grantor and in the name of such Grantor or in its own name,
      for the purpose of carrying out the terms of this Agreement, to take any and
      all
      appropriate action and to execute any and all documents and instruments that
      may
      be necessary or desirable to accomplish the purposes of this Agreement, and,
      without limiting the generality of the foregoing, each Grantor hereby gives
      Administrative Agent the power and right, on behalf of and at the expense of
      such Grantor, without notice to or assent by such Grantor, to do any or all
      of
      the following: 

    

    (i) in
      the
      name of such Grantor or its own name, or otherwise, take possession of and
      indorse and collect any checks, drafts, notes, acceptances or other instruments
      for the payment of moneys due under any Receivable or with respect to any other
      Collateral and file any claim or take any other action or proceeding in any
      court of law or equity or otherwise deemed appropriate by Administrative Agent
      for the purpose of collecting any and all such moneys due under any Receivable
      or with respect to any other Collateral whenever payable; 

    

    (ii) in
      the
      case of any Intellectual Property, execute and deliver, and have recorded,
      any
      and all agreements, instruments, documents and papers as Administrative Agent
      may request to evidence Administrative Agent’s security interest in such
      Intellectual Property and the goodwill and General Intangibles of such Grantor
      relating thereto or represented thereby; 

    

    (iii) discharge
      Liens levied or placed on or threatened against the Collateral, and effect
      any
      repairs or insurance called for by the terms of this Agreement and pay all
      or
      any part of the premiums therefor and the costs thereof; 

    

    (iv) execute,
      in connection with any sale provided for in Section
      7.6 or 7.7,
      any
      indorsements, assignments or other instruments of conveyance or transfer with
      respect to the Collateral; and

    

    (v) (A)
      direct any party liable for any payment under any of the Collateral to make
      payment of any and all moneys due or to become due thereunder directly to
      Administrative Agent or as Administrative Agent shall direct; (B) ask or demand
      for, collect, and receive payment of and receipt for, any and all moneys, claims
      and other amounts due or to become due at any time in respect of or arising
      out
      of any Collateral; (C) sign and indorse any invoices, freight or express bills,
      bills of lading, storage or warehouse receipts, drafts against debtors,
      assignments, verifications, notices and other documents in connection with
      any
      of the Collateral; (D) commence and prosecute any suits, actions or proceedings
      at law or in equity in any court of competent jurisdiction to collect the
      Collateral or any portion thereof and to enforce any other right in respect
      of
      any Collateral; (E) defend any suit, action or proceeding brought against such
      Grantor with respect to any Collateral; (F) settle, compromise or adjust any
      such suit, action or proceeding and, in connection therewith, give such
      discharges or releases as Administrative Agent may deem appropriate; (G) assign
      any Copyright, Patent or Trademark, throughout the world for such term or terms,
      on such conditions, and in such manner, as Administrative Agent shall in its
      sole discretion determine; (H) vote any right or interest with respect to any
      Investment Property; (I) order good standing certificates and conduct lien
      searches in respect of such jurisdictions or offices as Administrative Agent
      may
      deem appropriate; and (J) generally sell, transfer, pledge and make any
      agreement with respect to or otherwise deal with any of the Collateral as fully
      and completely as though Administrative Agent were the absolute owner thereof
      for all purposes, and do, at Administrative Agent’s option and such Grantor’s
      expense, at any time, or from time to time, all acts and things which
      Administrative Agent deems necessary to protect, preserve or realize upon the
      Collateral and Administrative Agent’s security interests therein and to effect
      the intent of this Agreement, all as fully and effectively as such Grantor
      might
      do. 

     

    
      
        
        

      

      
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    Anything
      in this Section
      8.1(a)
      to the
      contrary notwithstanding, Administrative Agent agrees that it will not exercise
      any rights under the power of attorney provided for in this Section
      8.1(a)
      unless
      an Event of Default shall have occurred and be continuing. 

    

    (b) If
      any
      Grantor fails to perform or comply with any of its agreements contained herein,
      Administrative Agent, at its option, but without any obligation so to do, may
      perform or comply, or otherwise cause performance or compliance, with such
      agreement. 

    

    (c) Each
      Grantor hereby ratifies all that such attorneys shall lawfully do or cause
      to be
      done by virtue hereof. All powers, authorizations and agencies contained in
      this
      Agreement are coupled with an interest and are irrevocable until this Agreement
      is terminated and the security interests created hereby are
      released. 

    

    8.2. Duty
      of Administrative Agent.
      Administrative Agent’s sole duty with respect to the custody, safekeeping and
      physical preservation of the Collateral in its possession shall be to deal
      with
      it in the same manner as Administrative Agent deals with similar property for
      its own account. Neither Administrative Agent or any Lender nor any of their
      respective officers, directors, employees or agents shall be liable for any
      failure to demand, collect or realize upon any of the Collateral or for any
      delay in doing so or shall be under any obligation to sell or otherwise dispose
      of any Collateral upon the request of any Grantor or any other Person or to
      take
      any other action whatsoever with regard to the Collateral or any part thereof.
      The powers conferred on Administrative Agent and the Lenders hereunder are
      solely to protect the interests of Administrative Agent and the
      Lenders
      in the
      Collateral, and shall not impose any duty upon Administrative Agent or any
      Lender to exercise any such powers. Administrative Agent and the Lenders shall
      be accountable only for amounts that they actually receive as a result of the
      exercise of such powers, and neither they nor any of their officers, directors,
      employees or agents shall be responsible to any Grantor for any act or failure
      to act hereunder. 

     

    
      
        
        

      

      
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    8.3. Authority
      of Administrative Agent.
      Each
      Grantor acknowledges that the rights and responsibilities of Administrative
      Agent under this Agreement with respect to any action taken by Administrative
      Agent or the exercise or non-exercise by Administrative Agent of any option,
      voting right, request, judgment or other right or remedy provided for herein
      or
      resulting or arising out of this Agreement shall, as between Administrative
      Agent and the Lenders, be governed by the Credit Agreement and by such other
      agreements with respect thereto as may exist from time to time among them,
      but,
      as between Administrative Agent and the Grantors, Administrative Agent shall
      be
      conclusively presumed to be acting as agent for the Lenders with full and valid
      authority so to act or refrain from acting, and no Grantor shall be under any
      obligation, or entitlement, to make any inquiry respecting such
      authority. 

    

    SECTION
      9. MISCELLANEOUS.

    

    9.1. Amendments
      in Writing.
      None of
      the terms or provisions of this Agreement may be waived, amended, supplemented
      or otherwise modified except in accordance with Section
      15.1
      of the
      Credit Agreement provided,
      however,
      that
      annexes to this Agreement may be supplemented through Joinder Agreements, in
      substantially the form of Annex
      I,
      duly
      executed by Administrative Agent and each Grantor directly affected
      thereby.

    

    9.2. Notices.
      All
      notices, requests and demands to or upon Administrative Agent or any Grantor
      hereunder shall be addressed to Borrower and effected in the manner provided
      for
      in Section
      15.3
      of the
      Credit Agreement. Each Grantor hereby appoints Borrower as its agent to receive
      notices hereunder provided,
      however,
      that
      any such notice, request or demand to or upon any Grantor shall be addressed
      to
      Borrower’s notice address set forth in Section
      15.3
      of the
      Credit Agreement.

    

    9.3. Indemnification
      by Grantors.
      THE
      GRANTORS, JOINTLY AND SEVERALLY, HEREBY AGREE TO INDEMNIFY, EXONERATE AND HOLD
      EACH LENDER PARTY FREE
      AND
      HARMLESS FROM AND AGAINST ANY AND ALL INDEMNIFIED LIABILITIES, INCURRED BY
      THE
      LENDER PARTIES OR ANY OF THEM AS A RESULT OF, OR ARISING OUT OF, OR RELATING
      TO
      (A) ANY TENDER OFFER, MERGER, PURCHASE OF EQUITY INTERESTS, PURCHASE OF ASSETS
      (INCLUDING THE RELATED TRANSACTIONS) OR OTHER SIMILAR TRANSACTION FINANCED
      OR
      PROPOSED TO BE FINANCED IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, WITH THE
      PROCEEDS OF ANY OF THE LOANS, (B) THE USE, HANDLING, RELEASE, EMISSION,
      DISCHARGE, TRANSPORTATION, STORAGE, TREATMENT OR DISPOSAL OF ANY HAZARDOUS
      SUBSTANCE AT ANY PROPERTY OWNED OR LEASED BY ANY GRANTOR, (C) ANY VIOLATION
      OF
      ANY ENVIRONMENTAL LAWS WITH RESPECT TO CONDITIONS AT ANY PROPERTY OWNED OR
      LEASED BY ANY GRANTOR OR THE OPERATIONS CONDUCTED THEREON, (D) THE
      INVESTIGATION, CLEANUP OR REMEDIATION OF OFFSITE LOCATIONS AT WHICH ANY LOAN
      PARTY OR THEIR RESPECTIVE PREDECESSORS ARE ALLEGED TO HAVE DIRECTLY OR
      INDIRECTLY DISPOSED OF HAZARDOUS SUBSTANCES, AND (E) THE EXECUTION,
      DELIVERY, PERFORMANCE OR ENFORCEMENT OF THIS AGREEMENT OR ANY OTHER LOAN
      DOCUMENT BY ANY OF THE LENDER PARTIES, EXCEPT FOR ANY SUCH INDEMNIFIED
      LIABILITIES ARISING ON ACCOUNT OF THE APPLICABLE LENDER PARTY’S GROSS NEGLIGENCE
      OR WILLFUL MISCONDUCT AS DETERMINED BY A FINAL, NONAPPEALABLE JUDGMENT BY A
      COURT OF COMPETENT JURISDICTION. IF AND TO THE EXTENT THAT THE FOREGOING
      UNDERTAKING MAY BE UNENFORCEABLE FOR ANY REASON, EACH GRANTOR HEREBY AGREES
      TO
      MAKE THE MAXIMUM CONTRIBUTION TO THE PAYMENT AND SATISFACTION OF EACH OF THE
      INDEMNIFIED LIABILITIES THAT IS PERMISSIBLE UNDER APPLICABLE LAW. ALL
      OBLIGATIONS PROVIDED FOR IN THIS SECTION
      9.3
      SHALL
      SURVIVE REPAYMENT OF ALL (AND SHALL BE) OBLIGATIONS (AND TERMINATION OF ALL
      COMMITMENTS UNDER THE CREDIT AGREEMENT), ANY FORECLOSURE UNDER, OR ANY
      MODIFICATION, RELEASE OR DISCHARGE OF, ANY OR ALL OF THE COLLATERAL DOCUMENTS
      AND TERMINATION OF THIS AGREEMENT. 

     

    
      
        
        

      

      
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    9.4. Enforcement
      Expenses.
      

    

    (a) Each
      Grantor agrees, on a joint and several basis, to pay or reimburse on demand
      each
      Lender and Administrative Agent for all reasonable out-of-pocket costs and
      expenses (including Attorney Costs) incurred in collecting against any Guarantor
      under the guaranty contained in Section
      2,
      or
      otherwise enforcing or preserving any rights under this Agreement and the other
      Loan Documents. 

    

    (b) Each
      Grantor agrees to pay, and to save Administrative Agent and the Lenders harmless
      from, any and all liabilities with respect to, or resulting from any delay
      in
      paying, any and all (i) stamp, excise, sales or other taxes which may be payable
      or determined to be payable with respect to any of the Collateral or in
      connection with any of the transactions contemplated by this Agreement, and
      (ii)
claims
      of
      any kind that, if unpaid, could become a Lien on any of its property; each
      in
      accordance with Section
      10.4
      of the
      Credit Agreement.

    

    (c) The
      agreements in this Section
      9.4
      shall
      survive repayment of all (and shall be) Obligations (and termination of all
      commitments under the Credit Agreement), any foreclosure under, or any
      modification, release or discharge of, any or all of the Collateral Documents
      and termination of this Agreement. 

    

    9.5. Captions.
      Section
      captions used in this Agreement are for convenience only and shall not affect
      the construction of this Agreement. 

    

    9.6. Nature
      of Remedies.
      All
      obligations of each Grantor and rights of Administrative Agent and the Lenders
      expressed herein or in any other Loan Document shall be in addition to and
      not
      in limitation of those provided by applicable law. No failure to exercise and
      no
      delay in exercising, on the part of Administrative Agent or any Lender, any
      right, remedy, power or privilege hereunder, shall operate as a waiver thereof;
      nor shall any single or partial exercise of any right, remedy, power or
      privilege hereunder preclude any other or further exercise thereof or the
      exercise of any other right, remedy, power or privilege. 

     

    
      
        
        

      

      
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    9.7. Counterparts.
      This
      Agreement may be executed in any number of counterparts and by the
      different parties hereto on separate counterparts and each such counterpart
      shall be deemed to be an original, but all such counterparts shall together
      constitute but one and the same Agreement. Receipt by facsimile
      of any executed signature page to this Agreement or any other Loan Document
      shall constitute effective delivery of such signature page. 

    

    9.8. Severability.
      The
      illegality or unenforceability of any provision of this Agreement, or any
      instrument or agreement required hereunder, shall not in any way affect or
      impair the legality or enforceability of the remaining provisions of this
      Agreement or any instrument or agreement required hereunder. 

    

    9.9. Entire
      Agreement.
      This
      Agreement, together with the other Loan Documents, embodies the entire agreement
      and understanding among the parties hereto and supersedes all prior or
contemporaneous
      agreements and understandings of such Persons, verbal or written, relating
      to
      the subject matter hereof and thereof and any prior arrangements made with
      respect to the payment by any Grantor of (or any indemnification for) any fees,
      costs or expenses payable to or incurred (or to be incurred) by or on behalf
      of
      Administrative Agent or the Lenders. 

    

    9.10. Successors;
      Assigns.
      This
      Agreement shall be binding upon Grantors, the Lenders and Administrative
      Agent and their respective successors and assigns, and shall inure to the
      benefit of Grantors, Lenders and Administrative Agent and the successors and
      assigns of the Lenders and Administrative Agent. No other Person shall be a
      direct or indirect legal beneficiary of, or have any direct or indirect cause
      of
      action or
      claim
      in connection
      with, this Agreement or any of the other Loan Documents. No Grantor may
assign
      or
      transfer any of its rights or obligations under this Agreement without the
      prior
      written consent of Administrative Agent.

    

    9.11. Set-off.
      Each
      Grantor agrees that Administrative Agent and each Lender have all rights of
      set-off and bankers’ lien provided by applicable law, and in addition thereto,
      each Grantor agrees that at any time any Event of Default exists, Administrative
      Agent and each Lender may apply to the payment of any Secured Obligations,
      whether or not then due, any and all balances, credits, deposits, accounts
      or
      moneys of such Grantor then or thereafter with Administrative Agent or such
      Lender. 

    

    9.12. Acknowledgements.
      Each
      Grantor hereby acknowledges that: 

    

    (a) it
      has
      been advised by counsel in the negotiation, execution and delivery of this
      Agreement and the other Loan Documents to which it is a party; 

    

    (b) neither
      Administrative Agent nor any Lender has any fiduciary relationship with or
      duty
      to any Grantor arising out of or in connection with this Agreement or any of
      the
      other Loan Documents, and the relationship between the Grantors, on the one
      hand, and Administrative Agent and the Lenders, on the other hand, in connection
      herewith or therewith is solely that of debtor and creditor; and

     

    
      
        
        

      

      
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    (c) no
      joint
      venture is created hereby or by the other Loan Documents or otherwise exists
      by
      virtue of the transactions contemplated hereby among the Lenders or among the
      Grantors and the Lenders. 

    

    9.13. Additional
      Grantors.
      Each
      Parent Entity or Company that is required to become a party to this Agreement
      pursuant to Section
      10.9
      of the
      Credit Agreement shall become a Grantor for all purposes of this Agreement
      upon
      execution and delivery by such Parent Entity or Company of a joinder agreement
      in the form of Annex
      I. 

    

    9.14. Releases.
      

    

    (a) At
      such
      time as the Secured Obligations shall have been irrevocably Paid in Full, the
      Commitments terminated, and the Credit Agreement terminated and not replaced
      by
      any other credit facility with Administrative Agent, the Grantors shall have
      the
      right to terminate this Agreement. Upon
      written request of Pledgor and at the expense of the Grantors, Administrative
      Agent shall execute and deliver to Pledgor all deeds, assignments, and other
      instruments as may be necessary or proper to release Lender’s security interest
      in and assignment of the Collateral and to re-vest in Pledgor full title to
      the
      Collateral, subject to any disposition thereof that may have been made by
      Administrative Agent.

    

    (b) If
      any of
      the Collateral shall be sold, transferred or otherwise disposed of by any
      Grantor in a transaction permitted by the Credit Agreement, then Administrative
      Agent, at the request and sole expense of such Grantor, shall execute and
      deliver to such Grantor all releases or other documents reasonably necessary
      or
      desirable for the release of the Liens created hereby on such Collateral. At
      the
      request and sole expense of Borrower (so long as no Default or Event of Default
      shall exist), a Guarantor shall be released from its obligations hereunder
      in
      the event that all the equity interests of such Guarantor shall be sold,
      transferred or otherwise disposed of in a transaction permitted by the Credit
      Agreement; provided that Borrower shall have delivered to Administrative Agent,
      with reasonable notice prior to the date of the proposed release, a written
      request for release identifying the relevant Guarantor and the terms of the
      sale
      or other disposition in reasonable detail, including the price thereof and
      any
      expenses in connection therewith, together with a certification by Borrower
      stating that such transaction is in compliance with the Credit Agreement and
      the
      other Loan Documents. 

    

    9.15. Obligations
      and Liens Absolute and Unconditional.
      Each
      Grantor understands and agrees that the obligations of each Grantor under this
      Agreement shall be construed
      as a continuing, absolute and unconditional without regard to (a) the validity
      or enforceability of any Loan Document, any of the Secured Obligations or any
      other collateral security therefor or guaranty or right of offset with respect
      thereto at any time or from time to time held by Administrative Agent or any
      Lender, (b) any defense, set-off or counterclaim (other than a defense of
      payment or performance) that may at any time be available
      to or be asserted by any Grantor or any other Person against Administrative
      Agent or any Lender, or (c) any other circumstance whatsoever (with or without
      notice to or knowledge of any Grantor) that constitutes, or might be construed
      to constitute, an equitable or legal discharge of any Grantor for the Secured
      Obligations, in bankruptcy or in any other instance. When making any demand
      hereunder or otherwise pursuing its rights and remedies hereunder against any
      Grantor, Administrative Agent or any Lender may, but shall be under no
      obligation to, make a similar demand on or otherwise pursue such rights and
      remedies as it may have against any other Grantor or any other Person or against
      any collateral security or guaranty for the Secured Obligations or any right
      of
      offset with respect thereto, and any failure by Administrative Agent or any
      Lender to make any such demand, to pursue such other rights or remedies or
      to
      collect any payments from any other Grantor or any other Person or to realize
      upon any such collateral security or guaranty or to exercise any such right
      of
      offset, or any release of any other Grantor or any other Person or any such
      collateral security, guaranty or right of offset, shall not relieve any Grantor
      of any obligation or liability hereunder, and shall not impair or affect the
      rights and remedies, whether express, implied or available as a matter of law,
      of Administrative Agent or any Lender against any Grantor. For the purposes
      hereof “demand” shall include the commencement and continuance of any legal
      proceedings. 

     

    
      
        
        

      

      
        27

        
          

        

      

      
        
        

      

    

     

    9.16. Reinstatement.
      This
      Agreement shall remain in full force and effect and continue to be effective
      should any petition be filed by or against Grantor or any Issuer for liquidation
      or reorganization, should Grantor or any Issuer become insolvent or make an
      assignment for the benefit of creditors or should a receiver or trustee be
      appointed for all or any significant part of Grantor’s or and Issuer’s assets,
      and shall continue to be effective or be reinstated, as the case may be, if
      at
      any time payment and performance of the Secured Obligations, or any part
      thereof, is, pursuant to applicable law, rescinded or reduced in amount, or
      must
      otherwise be restored or returned by any obligee of the Secured Obligations,
      whether as a “voidable preference”, “fraudulent conveyance”, or otherwise, all
      as though such payment or performance had not been made. In the event that
      any
      payment, or any part thereof, is rescinded, reduced, restored or returned,
      the
      Secured Obligations shall be reinstated and deemed reduced only by such amount
      paid and not so rescinded, reduced, restored or returned.

    

    9.17.
      Governing

      Law.
      This
      Agreement shall be a contract made under and governed by the internal laws
      of the State of Ohio applicable to contracts made and to be performed entirely
      within such state, without regard to conflict of laws principles.

    

    9.18. Forum
      Selection; Consent to Jurisdiction.
      Any
      litigation based hereon, or arising out of, under, or in connection with this
      Agreement or any other Loan Document, may be brought and maintained in the
      courts of the State of New York or the State of Ohio, or in the United States
      District Court for the Southern District of New York or in the United States
      District Court for the Northern District of Ohio; provided that nothing in
      this
      Agreement shall be deemed or operate to preclude Administrative Agent from
      bringing suit or taking other legal action in any other jurisdiction. Borrower
      and each Grantor hereby expressly and irrevocably submit to the jurisdiction
      of
      the courts of the State of New York and the State of Ohio and of the United
      States District Court for the Southern District of New York and in the United
      States District Court for the Northern District of Ohio for the purpose of
      any
      such litigation as set forth above. Borrower and each Grantor further
      irrevocably consent to the service of process by registered mail, postage
      prepaid, or by personal service within or without the State of New York or
      the
      State of Ohio. Borrower and each Grantor hereby expressly and irrevocably waive,
      to the fullest extent permitted by law, any objection which they may now or
      hereafter have to the laying of venue of any such litigation brought in any
      such
      court referred to above and any claim that any such litigation has been brought
      in an inconvenient forum. 

    

    [signature
      page[s] follow[s]]

     

    
      
        
        

      

      
        28

        
          

        

      

      
        
        

      

    

    9.19 Waiver
      of Jury Trial.
      BORROWER, EACH GRANTOR AND THE ADMINISTRATIVE AGENT HEREBY WAIVES ANY RIGHT
      TO A
      TRIAL BY JURY IN ANY ACTION OR PROCEEDING TO ENFORCE OR DEFEND ANY RIGHTS UNDER
      THIS AGREEMENT AND
      ANY
      AMENDMENT, INSTRUMENT, DOCUMENT OR AGREEMENT DELIVERED OR WHICH MAY IN THE
      FUTURE BE DELIVERED IN CONNECTION HEREWITH AND
      AGREES THAT ANY SUCH ACTION OR PROCEEDING SHALL BE TRIED BEFORE A COURT AND
      NOT
      BEFORE A JURY. 

    

    Each
      of
      the undersigned has caused this Guaranty and Collateral Agreement to be duly
      executed and delivered as of the date first above written. 

     

    
      	 	 	 
	 	
              NET
                PERCEPTIONS, INC.

            
	 
 	 
 	 
 
	
            	By:  	 
	 	
              Name: 

            	
              
 
	 	Title:	
              
 
	 	 	
              

            

    

     

    
      
        	 	 	 
	 	
                
                  SIG
                    ACQUISITION CORP.

                

              
	 
 	 
 	 
 
	
              	By:  	 
	 	
                Name: 

              	
                
 
	 	Title:	
                
 
	 	 	
                

              

      

       

    

    
      
        
          	 	 	 
	 	
                  
                    
                      CRC
                        WILMINGTON ACQUISITION, LLC

                    

                  

                
	 
 	 
 	 
 
	
                	By:  	 
	 	
                  Name: 

                	
                  
 
	 	Title:	
                  
 
	 	 	
                  

                

        

        
           

          
            
              
                	 	 	 
	 	
                        
                          
                            
                              1451
                                BUENA VISTA AVENUE, LLC

                            

                          

                        

                      
	 
 	 
 	 
 
	
                      	By:  	 
	 	
                        Name: 

                      	
                        
 
	 	Title:	
                        
 
	 	 	
                        

                      

              

              
                 

                
                  
                    
                      	 	 	 
	 	
                              
                                
                                  
                                    LASALLE
                                      BANK NATIONAL ASSOCIATION

                                  

                                

                              

                            
	 
 	 
 	 
 
	
                            	By:  	 
	 	
                              Name: 

                            	
                              
 
	 	Title:	
                              
 
	 	 	
                              

                            

                    

                     

                  

                

              

            

          

        

      

    

    Signature
      Page to

    
      Guaranty
        and Collateral Agreement

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

         

      

    

    ANNEX
      I

    

    FORM
      OF
      JOINDER TO GUARANTY AND COLLATERAL AGREEMENT

    

    This
      JOINDER AGREEMENT (this “Agreement”)
      dated
      as of [______] is executed by the undersigned for the benefit of LaSalle Bank
      National Association, as Administrative Agent (the “Administrative
      Agent”)
      in
      connection with that certain Guaranty and Collateral Agreement dated as of
      October 3, 2006 among the Grantors party thereto and Administrative Agent (as
      amended, restated, supplemented or modified from time to time, the “Guaranty
      and Collateral Agreement”).
      Capitalized terms not otherwise defined herein are being used herein as defined
      in the Guaranty and Collateral Agreement. 

    

    Each
      Person signatory hereto is required to execute this Agreement pursuant to
Section
      9.13
      of the
      Guaranty and Collateral Agreement. 

    

    In
      consideration of the premises and other good and valuable consideration, the
      receipt and sufficiency of which are hereby acknowledged, each signatory hereby
      agrees as follows: 

    

    1. Each
      such
      Person assumes all the obligations of a Grantor and a Guarantor under the
      Guaranty and Collateral Agreement and agrees that such person or entity is
      a
      Grantor and a Guarantor and bound as a Grantor and a Guarantor under the terms
      of the Guaranty and Collateral Agreement, as if it had been an original
      signatory to such agreement. In furtherance of the foregoing, such Person hereby
      assigns, pledges and grants to Administrative Agent a security interest in
      all
      of its right, title and interest in and to the Collateral owned thereby to
      secure the Obligations. 

    

    2. Schedules
      1, 2, 3, 4, 5, 6 and 7 of the Guaranty and Collateral Agreement are hereby
      amended to add the information relating to each such Person set out on Schedules
      1, 2, 3, 4, 5, 6 and 7 respectively, hereof. Each such Person hereby makes
      to
      Administrative Agent the representations and warranties set forth in the
      Guaranty and Collateral Agreement applicable to such Person and the applicable
      Collateral and confirms that such representations and warranties are true and
      correct after giving effect to such amendment to such Schedules. 

    

    3. In
      furtherance of its obligations under Section
      5.2
      of the
      Guaranty and Collateral Agreement, each such Person agrees to deliver to
      Administrative Agent appropriately complete UCC financing statements naming
      such
      person or entity as debtor and Administrative Agent as secured party, and
      describing its Collateral and such other documentation as Administrative Agent
      (or its successors or assigns) may require to evidence, protect and perfect
      the
      Liens created by the Guaranty and Collateral Agreement, as modified hereby.
      Each
      such Person acknowledges the authorizations given to Administrative Agent under
      the Section
      5.10(b)
      of the
      Guaranty and Collateral Agreement and otherwise. 

    

    4. Each
      such
      Person’s address for notices under the Guaranty and Collateral Agreement shall
      be the address of Borrower set forth in the Credit Agreement and each such
      Person hereby appoints Borrower as its agent to receive notices hereunder.
      

    

    
      
        
        

      

      
        A-1

        
          

        

      

      
        
        

      

       

    

    5. This
      Agreement shall be deemed to be part of, and a modification to, the Guaranty
      and
      Collateral Agreement and shall be governed by all the terms and provisions
      of
      the Guaranty and Collateral Agreement, with respect to the modifications
      intended to be made to such agreement, which terms are incorporated herein
      by
      reference, are ratified and confirmed and shall continue in full force and
      effect as valid and binding agreements of each such person or entity enforceable
      against such person or entity. Each such Person hereby waives notice of
      Administrative Agent’s acceptance of this Agreement. Each such Person will
      deliver an executed original of this Agreement to Administrative Agent.

     

    
      
        
        

      

      
        A-2

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