Document:

exv10w2

Exhibit 10.2

Execution Version

 

 

Published
CUSIP Number: 48354VAD4

AMENDED AND RESTATED TERM LOAN CREDIT AGREEMENT

Dated as of September 17, 2009

among

KAMAN CORPORATION,

as Borrower,

BANK OF AMERICA, N.A.

and

THE BANK OF NOVA SCOTIA,

as the Co-Administrative Agents for the Lenders,

BANK OF AMERICA, N.A.,

as the Administrator and Collateral Agent,

The Other Lenders Party Hereto,

and

BANC OF AMERICA SECURITIES LLC,

and

THE BANK OF NOVA SCOTIA,

as the Co-Lead Arrangers and Book Managers

 

 

 

 

TABLE OF CONTENTS

	 	 	 	 	 
	 	 	Page
	 
	 	 	 	 
	ARTICLE I. DEFINITIONS AND ACCOUNTING TERMS
	 	 	1	 
	 
	 	 	 	 
	1.01. Defined Terms
	 	 	1	 
	1.02. Other Interpretive Provisions
	 	 	23	 
	1.03. Accounting Terms
	 	 	24	 
	1.04. Rounding
	 	 	24	 
	1.05. Exchange Rates; Currency Equivalents
	 	 	24	 
	1.06. [Intentionally Omitted.]
	 	 	25	 
	1.07. Change of Currency
	 	 	25	 
	1.08. Times of Day
	 	 	25	 
	 
	 	 	 	 
	ARTICLE II. THE LOANS
	 	 	25	 
	 
	 	 	 	 
	2.01. The Loans
	 	 	25	 
	2.02. Borrowings, Conversions and Continuations of Loans
	 	 	26	 
	2.03. [Intentionally Omitted.]
	 	 	27	 
	2.04. [Intentionally Omitted.]
	 	 	27	 
	2.05. Prepayments
	 	 	27	 
	2.06. [Intentionally Omitted.]
	 	 	28	 
	2.07. Repayment of Loans
	 	 	28	 
	2.08. Interest
	 	 	29	 
	2.09. Fees
	 	 	30	 
	2.10. Computation of Interest and Fees
	 	 	30	 
	2.11. Evidence of Debt
	 	 	30	 
	2.12. Payments Generally; Administrator’s Clawback
	 	 	30	 
	2.13. Sharing of Payments by Lenders
	 	 	32	 
	2.14. [Intentionally Omitted.]
	 	 	33	 
	2.15. Incremental Term Loans
	 	 	33	 
	2.16. Collateral and Guaranties
	 	 	34	 
	 
	 	 	 	 
	ARTICLE III. TAXES, YIELD PROTECTION AND ILLEGALITY
	 	 	35	 
	 
	 	 	 	 
	3.01. Taxes
	 	 	35	 
	3.02. Illegality
	 	 	39	 
	3.03. Inability to Determine Rates
	 	 	39	 
	3.04. Increased Costs; Reserves on Eurocurrency Rate Loans
	 	 	40	 
	3.05. Compensation for Losses
	 	 	41	 
	3.06. Mitigation Obligations; Replacement of Lenders
	 	 	42	 
	3.07. Survival
	 	 	42	 
	 
	 	 	 	 
	ARTICLE IV. CONDITIONS TO AMENDMENT AND RESTATEMENT
	 	 	43	 
	 
	 	 	 	 
	4.01. Conditions of Amendment and Restatement
	 	 	43	 
	 
	 	 	 	 
	ARTICLE V. REPRESENTATIONS AND WARRANTIES
	 	 	46	 
	 
	 	 	 	 
	5.01. Due Organization; Good Standing; Qualification
	 	 	46	 
	5.02. Due Authorization; No Conflicts
	 	 	46	 

-i-

 

TABLE OF CONTENTS
(continued)

	 	 	 	 	 
	 	 	Page
	 
	 	 	 	 
	5.03. Binding Agreements
	 	 	46	 
	5.04. Subsidiaries; Maintenance of Domestic Subsidiary
Guarantee
	 	 	47	 
	5.05. No Default
	 	 	47	 
	5.06. Financial Statements
	 	 	47	 
	5.07. No Material Adverse Changes
	 	 	47	 
	5.08. No Material Litigation
	 	 	47	 
	5.09. Environmental Compliance
	 	 	47	 
	5.10. Liens
	 	 	48	 
	5.11. ERISA Compliance
	 	 	48	 
	5.12. Ownership of Properties
	 	 	49	 
	5.13. Taxes
	 	 	49	 
	5.14. Regulations U and X
	 	 	49	 
	5.15. Investment Company Act
	 	 	50	 
	5.16. Accuracy of Information
	 	 	50	 
	5.17. Use of Proceeds
	 	 	50	 
	5.18. Compliance with Laws
	 	 	50	 
	5.19. [Intentionally Omitted.]
	 	 	50	 
	5.20. Governmental Authorization; Other Consents
	 	 	50	 
	5.21. Insurance
	 	 	51	 
	5.22. Intellectual Property; Licenses, Etc.
	 	 	51	 
	5.23. Solvency
	 	 	51	 
	5.24. Collateral Documents
	 	 	51	 
	 
	 	 	 	 
	ARTICLE VI. AFFIRMATIVE COVENANTS
	 	 	51	 
	 
	 	 	 	 
	6.01. Financial Statements
	 	 	51	 
	6.02. Securities Regulation Compliance Reports
	 	 	52	 
	6.03. Insurance
	 	 	53	 
	6.04. Conduct of Business
	 	 	53	 
	6.05. Records and Accounts
	 	 	54	 
	6.06. Inspection
	 	 	54	 
	6.07. Domestic Subsidiary Guarantees
	 	 	54	 
	6.08. Further Assurances
	 	 	54	 
	6.09. Payment of Obligations
	 	 	55	 
	6.10. Compliance with Laws
	 	 	55	 
	6.11. Notices
	 	 	55	 
	6.12. Use of Proceeds
	 	 	56	 
	6.13. Covenant to Guarantee Obligations and Give Security
	 	 	56	 
	6.14. Compliance with Environmental Laws
	 	 	57	 
	6.15. Approvals and Authorizations
	 	 	57	 
	 
	 	 	 	 
	ARTICLE VII. NEGATIVE COVENANTS
	 	 	57	 
	 
	 	 	 	 
	7.01. Liens
	 	 	57	 
	7.02. Limitation on Indebtedness
	 	 	59	 
	7.03. Contingent Liabilities
	 	 	59	 

-ii-

 

TABLE OF CONTENTS
(continued)

	 	 	 	 	 
	 	 	Page
	 
	 	 	 	 
	7.04. Consolidation or Merger
	 	 	59	 
	7.05. Limitation on Certain Other Fundamental Changes;
Amendment to Organization Documents
	 	 	60	 
	7.06. Sale of Assets
	 	 	60	 
	7.07. Affiliate Transactions
	 	 	61	 
	7.08. Certain Restrictive Agreements
	 	 	61	 
	7.09. Compliance With Environmental Laws
	 	 	61	 
	7.10. Limitation on Investments
	 	 	61	 
	7.11. Limitations on Acquisitions
	 	 	62	 
	7.12. Fiscal Year; Accounting Changes
	 	 	62	 
	7.13. Limitations on Transfers to Foreign Subsidiaries
	 	 	62	 
	7.14. Most Favored Lender
	 	 	62	 
	7.15. Change in Nature of Business
	 	 	63	 
	7.16. Use of Proceeds
	 	 	63	 
	7.17. Prepayments, Etc. of Unsecured Indebtedness
	 	 	63	 
	7.18. Financial Covenants
	 	 	63	 
	7.19. Limitations on Swap Contracts
	 	 	64	 
	7.20. Limitation on Obligations under Secured Hedge
Agreements, Secured Cash Management Agreements and Secured Lines
	 	 	64	 
	 
	 	 	 	 
	ARTICLE VIII. EVENTS OF DEFAULT; CERTAIN REMEDIES
	 	 	64	 
	 
	 	 	 	 
	8.01. Events of Default
	 	 	64	 
	8.02. Remedies Upon Event of Default
	 	 	66	 
	8.03. Application of Funds
	 	 	66	 
	 
	 	 	 	 
	ARTICLE IX. THE CO-ADMINISTRATIVE AGENTS, COLLATERAL AGENT AND THE
ADMINISTRATOR
	 	 	67	 
	 
	 	 	 	 
	9.01. Appointment and Authority
	 	 	67	 
	9.02. Rights as a Lender
	 	 	68	 
	9.03. Exculpatory Provisions
	 	 	68	 
	9.04. Reliance by each Co-Administrative Agent, the
Collateral Agent and the Administrator
	 	 	69	 
	9.05. Delegation of Duties
	 	 	69	 
	9.06. Resignation of Any Co-Administrative Agent, the
Collateral Agent or the Administrator
	 	 	70	 
	9.07. Non-Reliance on Any Co-Administrative Agent, the
Collateral Agent the Administrator and Other Lenders
	 	 	71	 
	9.08. No Other Duties, Etc.
	 	 	71	 
	9.09. Co-Administrative Agents, Collateral Agent and
Administrator May File Proofs of Claim
	 	 	71	 
	9.10. Collateral Matters
	 	 	72	 
	9.11. Guaranty Matters
	 	 	72	 
	9.12. Secured Cash Management Agreements, Secured Hedge
Agreements and Secured Lines
	 	 	73	 

-iii-

 

TABLE OF CONTENTS
(continued)

	 	 	 	 	 
	 	 	Page
	 
	 	 	 	 
	ARTICLE X. MISCELLANEOUS
	 	 	73	 
	 
	 	 	 	 
	10.01. Amendments, Etc.
	 	 	73	 
	10.02. Notices; Effectiveness; Electronic Communication
	 	 	74	 
	10.03. No Waiver; Cumulative Remedies; Enforcement
	 	 	77	 
	10.04. Expenses; Indemnity; Damage Waiver
	 	 	77	 
	10.05. Payments Set Aside
	 	 	79	 
	10.06. Successors and Assigns
	 	 	80	 
	10.07. Treatment of Certain Information; Confidentiality
	 	 	82	 
	10.08. Right of Setoff
	 	 	83	 
	10.09. Interest Rate Limitation
	 	 	84	 
	10.10. Counterparts; Integration; Effectiveness
	 	 	84	 
	10.11. Survival of Representations and Warranties
	 	 	84	 
	10.12. Severability
	 	 	84	 
	10.13. Replacement of Lenders
	 	 	85	 
	10.14. Governing Law; Jurisdiction; Etc.
	 	 	85	 
	10.15. Waiver of Jury Trial
	 	 	86	 
	10.16. No Advisory or Fiduciary Responsibility
	 	 	87	 
	10.17. Electronic Execution of Assignments and Certain Other
Documents
	 	 	87	 
	10.18. USA Patriot Act
	 	 	87	 
	10.19. Judgment Currency
	 	 	88	 
	10.20. No Novation
	 	 	88	 
	10.21. Acknowledgment of Prior Obligations and Continuation Thereof
	 	 	89	 

 -iv-

 

 

SCHEDULES

	 	 	 	 	 
	 
	 	1.01	 	Mandatory Cost Formulae
	 
	 	2.01	 	Loans and Applicable Percentages
	 
	 	5.04	 	Subsidiaries; Other Equity Investments
	 
	 	5.12(b)	 	Liens
	 
	 	5.12(c)	 	Investments
	 
	 	5.22	 	Intellectual Property Matters
	 
	 	7.17	 	Existing Indebtedness
	 
	 	10.02	 	Co-Administrative Agent’s Office; Certain Addresses for Notices

EXHIBITS

	 	 	 	 	 
	 
	 	A	 	Form of Loan Notice
	 
	 	B	 	Form of Note
	 
	 	C	 	Form of Compliance Certificate
	 
	 	D	 	Form of Assignment and Assumption
	 
	 	E	 	Form of Intercreditor Agreement

 -v-

 

 

AMENDED AND RESTATED TERM LOAN CREDIT AGREEMENT

     This AMENDED AND RESTATED TERM LOAN CREDIT AGREEMENT (“Agreement”) is entered into as
of September 17, 2009, among KAMAN CORPORATION, a Connecticut corporation (the “Company” or
the “Borrower”), each lender from time to time party hereto (collectively, the
“Lenders” and individually, a “Lender”), BANK OF AMERICA, N.A. (“Bank of
America”), and THE BANK OF NOVA SCOTIA (“Scotia Capital”), as Co-Administrative Agents
(individually, together with its successors and assigns in such capacity, a “Co-Administrative
Agent” and collectively, the “Co-Administrative Agents”) for the Lenders, and BANK OF
AMERICA, as the Administrator for the Lenders (in such capacity, together with its successors and
assigns in such capacity, the “Administrator”) and as Collateral Agent for the Secured
Parties (in such capacity, together with its successors and assigns in such capacity, the
“Collateral Agent”).

     WHEREAS, pursuant to that certain Term Loan Credit Agreement (as amended, supplemented or
otherwise modified prior to the Closing Date, the “Original Credit Agreement”) dated as of
October 29, 2008 (the “Original Closing Date”), among the Borrower, certain of the Lenders,
the Co-Administrative Agents and the Administrator, the Lenders party thereto, subject to the terms
and conditions contained therein, provided term loans to the Borrower;

     WHEREAS, the Borrower has requested, among other things, to amend and restate the Original
Credit Agreement, and the Lenders are willing to amend and restate the Original Credit Agreement on
the terms and conditions set forth herein;

     NOW, THEREFORE, the Borrower, the Lenders, each Co-Administrative Agent and the Administrator
agree that on the Closing Date the Original Credit Agreement is hereby amended and restated in its
entirety as set forth herein and shall remain in full force and effect only as set forth herein.

ARTICLE I.

DEFINITIONS AND ACCOUNTING TERMS

     1.01. Defined Terms. As used in this Agreement, the following terms shall have the meanings
set forth below:

     “Acquisition” means any transaction or series of related transactions consummated on
or after the Original Closing Date, by which the Company or any of its Subsidiaries (a) acquires
any ongoing business or all or substantially all of the assets of any Person or division thereof,
whether through purchase of assets, merger or otherwise, or (b) directly or indirectly acquires (in
one transaction or as the most recent transaction in a series of transactions) a majority of the
securities of a corporation, which securities have ordinary voting power for the election of
directors (other than securities having such power only by reason of the happening of a
contingency) or a majority (by percentage and voting power) of the outstanding partnership
interests of a partnership or membership interests of a limited liability company.

     “Administrative Questionnaire” means an Administrative Questionnaire in form and
substance satisfactory to the Administrator.

 

 

     “Administrator” means Bank of America as the “Administrator” hereunder and any
successor, transferee and assign thereof in such capacity.

     “Administrator Fee Letter” means that letter, dated as of August 26, 2008, among the
Administrator, Banc of America Securities LLC and the Company in connection with the Original
Credit Agreement.

     “Administrator’s Funding Office” means, with respect to any currency, the
Administrator’s address and, as appropriate, account set forth on Schedule 10.02 with
respect to such currency, or such other address or account with respect to such currency as the
Administrator may from time to time notify the Company.

     “Affiliate” means, with respect to any Person, another Person that directly, or
indirectly through one or more intermediaries, Controls or is Controlled by or is under common
Control with the Person specified.

     “Agreement” means this Amended and Restated Term Loan Credit Agreement, as amended,
restated, supplemented or otherwise modified from time to time.

     “Alternative Currency” means each of Euro, Sterling, Australian Dollar and each other
currency (other than Dollars) that is approved in accordance with Section 1.06.

     “Alternative Currency Equivalent” means, at any time, with respect to any amount
denominated in Dollars, the equivalent amount thereof in the applicable Alternative Currency as
determined by the Administrator at such time on the basis of the Spot Rate (determined in respect
of the most recent Revaluation Date) for the purchase of such Alternative Currency with Dollars.

     “Alternative Currency Sublimit” means the Dollar Equivalent of all Loans outstanding
that are denominated in Alternative Currencies (calculated as of the date such Loans are made),
which sublimit shall decrease on a proportional basis as a result of any payments of principal of
any Loans that are denominated in Alternative Currencies.

     “Annual Basket Amount” has the meaning specified in Section 7.06(e).

     “Annual Period” has the meaning specified in Section 7.06(e).

     “Applicable Percentage” means with respect to any Lender at any time, the percentage
(carried out to the ninth decimal place) of the total outstanding Loans represented by such
Lender’s outstanding Loans at such time. If the Loans have been repaid, then the Applicable
Percentage of each Lender shall be determined based on the Loans of such Lender most recently in
effect, giving effect to any subsequent assignments.

     “Applicable Rate” means a percentage based upon the highest of the then applicable
credit ratings from S&P with respect to Public Senior Debt (whether or not any is outstanding) as
follows:

-2-

 

Applicable Rate

	 	 	 	 	 	 	 	 	 
	S&P Credit	 	Applicable Rate for	 	Applicable Rate for
	Rating	 	Eurocurrency Rate Loans	 	Base Rate Loans
	≥ BBB+
	 	 	1.500	%	 	 	0.500	%
	 
	 	 	 	 	 	 	 	 
	≥ BBB
	 	 	2.000	%	 	 	1.000	%
	 
	 	 	 	 	 	 	 	 
	≥ BBB-
	 	 	2.375	%	 	 	1.375	%
	 
	 	 	 	 	 	 	 	 
	≥ BB+
	 	 	2.750	%	 	 	1.750	%
	 
	 	 	 	 	 	 	 	 
	< BB
	 	 	3.500	%	 	 	2.500	%

     The Applicable Rate shall be adjusted on the Business Day after any announcement, change, or
withdrawal of S&P’s rating of the Company’s Public Senior Debt; provided, that if at any
time the Public Senior Debt of the Company is not rated by S&P, or if at any time S&P is not in the
business of rating debt securities such as the Company’s Public Senior Debt, then the Company and
the Lenders shall enter into good faith negotiations to establish an alternate basis for
determining the Applicable Rate, either with reference to credit ratings from an alternative rating
agency for the Public Senior Debt or on some other basis mutually acceptable to the Company and the
Lenders; provided further, that until such an alternate basis for determining the
Applicable Rate is established, the Applicable Rate shall be the Applicable Rate in effect
immediately prior to such occurrence. The Company covenants and agrees with each of the
Co-Administrative Agents and the Lenders to at all times use its best efforts to cause S&P to issue
credit ratings (either publicly or in the form of letters to the Co-Administrative Agents) for its
Public Senior Debt.

     “Applicable Time” means, with respect to any borrowings and payments in any
Alternative Currency, the local time in the place of settlement for such Alternative Currency as
may be determined by the Administrator to be necessary for timely settlement on the relevant date
in accordance with normal banking procedures in the place of payment.

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

     “Assignee Group” means two or more Eligible Assignees that are Affiliates of one
another or two or more Approved Funds managed by the same investment advisor.

     “Assignment and Assumption” means an assignment and assumption entered into by a
Lender and an Eligible Assignee (with the consent of any party whose consent is required by
Section 10.06(b)), and accepted by the Company and each Co-Administrative Agent, in
substantially the form of Exhibit D or any other form approved by each Co-Administrative
Agent.

     “AUD” or “Australian Dollar” means the lawful currency of Australia.

-3-

 

     “Audited Financial Statements” means the audited consolidated balance sheet of the
Company and its Subsidiaries for the fiscal year ended December 31, 2008, and the related
consolidated statements of income or operations, shareholders’ equity and cash flows for such
fiscal year of the Company and its Subsidiaries, including the notes thereto.

     “Bank of America” means Bank of America, N.A. and its successors.

     “Base Rate” means for any day a fluctuating rate per annum equal to the highest of (a)
the Federal Funds Rate plus 1/2 of 1%, (b) the rate of interest in effect for such day as publicly
announced from time to time by Bank of America as its “prime rate”, and (c) BBA LIBOR for a Loan in
Dollars for a one-month Interest Period, plus 1.00%. The “prime rate” is a rate set by Bank of
America based upon various factors including Bank of America’s costs and desired return, general
economic conditions and other factors, and is used as a reference point for pricing some loans,
which may be priced at, above, or below such announced rate. Any change in such rate announced by
Bank of America shall take effect at the opening of business on the day specified in the public
announcement of such change.

     “Base Rate Loan” means all or any portion of any Loan made hereunder that bears
interest based on the Base Rate. All Base Rate Loans shall be denominated in Dollars.

     “BBA LIBOR” means the British Bankers Association LIBOR Rate, as published by Reuters
(or, where the rate is undeterminable from Reuters, another commercially available source providing
quotations of BBA LIBOR as designated by the Administrator from time to time) at approximately
11:00 a.m., London time, two Business Days prior to the commencement of the applicable Interest
Period.

     “Borrower” has the meaning specified in the introductory paragraph hereto.

     “Borrower Materials” has the meaning specified in Section 6.02.

     “Borrowing” means a borrowing consisting of simultaneous Loans of the same Type and,
in the case of Eurocurrency Rate Loans, having the same Interest Period made by each of the Lenders
pursuant to Section 2.01(a).

     “Brookhouse Investments” means Investments in an amount not to exceed $125,000,000 in
the aggregate made by the Company or any of its Subsidiaries, in Kaman UK Holdings Limited or any
of its Subsidiaries pursuant to the UK Acquisition (it being understood that $93,800,000 of such
Investments have been invested prior to the Closing Date and the remaining $31,200,000 of such
Investments may be made after the Closing Date); provided, however, that to the
extent any such Investments are in the form of intercompany loans, such intercompany loans may be
repaid and additional intercompany loans may be made in an aggregate amount not to exceed the
amount of such repayments.

     “Business Day” means any day other than a Saturday, Sunday or other day on which
commercial banks are authorized to close under the Laws of, or are in fact closed in, (i) the state
where the Administrator’s Funding Office with respect to Obligations denominated in Dollars is
located, (ii) Hartford, Connecticut, (iii) New York, New York or (iv) Boston, Massachusetts, and:

-4-

 

     (a) if such day relates to any interest rate settings as to a Eurocurrency Rate Loan
denominated in Dollars, any fundings, disbursements, settlements and payments in Dollars in
respect of any such Eurocurrency Rate Loan, or any other dealings in Dollars to be carried
out pursuant to this Agreement in respect of any such Eurocurrency Rate Loan, means any such
day on which dealings in deposits in Dollars are conducted by and between banks in the
London interbank eurodollar market;

     (b) if such day relates to any interest rate settings as to a Eurocurrency Rate Loan
denominated in Euro, any fundings, disbursements, settlements and payments in Euro in
respect of any such Eurocurrency Rate Loan, or any other dealings in Euro to be carried out
pursuant to this Agreement in respect of any such Eurocurrency Rate Loan, means a TARGET
Day;

     (c) if such day relates to any interest rate settings as to a Eurocurrency Rate Loan
denominated in a currency other than Dollars or Euro, means any such day on which dealings
in deposits in the relevant currency are conducted by and between banks in the London or
other applicable offshore interbank market for such currency; and

     (d) if such day relates to any fundings, disbursements, settlements and payments in a
currency other than Dollars or Euro in respect of a Eurocurrency Rate Loan denominated in a
currency other than Dollars or Euro, or any other dealings in any currency other than
Dollars or Euro to be carried out pursuant to this Agreement in respect of any such
Eurocurrency Rate Loan (other than any interest rate settings), means any such day on which
banks are open for foreign exchange business in the principal financial center of the
country of such currency.

     “Canadian Dollar” or “CAD” means the lawful currency of Canada.

     “Capital Expenditures” means, with respect to any Person for any period, any
expenditure in respect of the purchase or other acquisition of any fixed or capital asset
(excluding normal replacements and maintenance which are properly charged to current operations).

     “Cash Collateralize” means to pledge and deposit with or deliver to the Administrator,
for the benefit of the Lenders, as collateral for the Obligations, cash or deposit account balances
pursuant to documentation in form and substance reasonably satisfactory to the Administrator (which
documents are hereby consented to by the Lenders).

     “Cash Equivalents” means any of the following types of Investments, to the extent
owned by the Borrower or any of its Subsidiaries free and clear of all Liens (other than Liens
created under the Collateral Documents and other Liens permitted hereunder):

     (a) readily marketable obligations issued or directly and fully guaranteed or insured by the
United States of America or any agency or instrumentality thereof having maturities of not more
than 360 days from the date of acquisition thereof; provided that the full faith and credit
of the United States is pledged in support thereof;

     (b) time deposits with, or insured certificates of deposit or bankers’ acceptances of, any
commercial bank that (i) (A) is a Lender or (B) is organized under the laws of the United

-5-

 

States, any state thereof or the District of Columbia or is the principal banking subsidiary
of a bank holding company organized under the laws of the United States, any state thereof or the
District of Columbia, and is a member of the Federal Reserve System, (ii) issues (or the parent of
which issues) commercial paper rated as described in clause (c) of this definition and (iii) has
combined capital and surplus of at least $1,000,000,000, in each case with maturities of not more
than 270 days from the date of acquisition thereof;

     (c) commercial paper issued by any Person organized under the laws of any state of the United
States and rated at least “Prime-1” (or the then equivalent grade) by Moody’s or at least “A-1” (or
the then equivalent grade) by S&P, in each case with maturities of not more than 270 days from the
date of acquisition thereof; and

     (d) Investments, classified in accordance with GAAP as current assets of the Borrower or any
of its Subsidiaries, in money market investment programs registered under the Investment Company
Act of 1940, which are administered by financial institutions that have the highest rating
obtainable from either Moody’s or S&P, and the portfolios of which are limited solely to
Investments of the character, quality and maturity described in clauses (a), (b) and (c) of this
definition.

     “Cash Management Agreement” means any agreement to provide cash management services,
including treasury, depository, overdraft, credit or debit card, electronic funds transfer and
other cash management arrangements.

     “Cash Management Bank” means any Person that is a Lender or an Affiliate of a Lender
and is party to a Cash Management Agreement (or was a Lender or an Affiliate of a Lender at the
time such Person entered into such Cash Management Agreement) in its capacity as a party to such
Cash Management Agreement.

     “CFC” means a Person that is a controlled foreign corporation under Section 957 of the
Code.

     “Change in Law” means the occurrence, after the date of this Agreement, of any of the
following: (a) the adoption or taking effect of any law, rule, regulation or treaty, (b) any change
in any law, rule, regulation or treaty or in the administration, interpretation or application
thereof by any Governmental Authority or (c) the making or issuance of any request, guideline or
directive (whether or not having the force of law) by any Governmental Authority.

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

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

-6-

 

Company on a fully-diluted basis (and taking into account all such securities that such person
or group has the right to acquire pursuant to any option right); or

     (b) during any period of 24 consecutive months, a majority of the members of the board of
directors or other equivalent governing body of the Company cease to be composed of individuals (i)
who were members of that board or equivalent governing body on the first day of such period, (ii)
whose election or nomination to that board or equivalent governing body was approved by individuals
referred to in clause (i) above constituting at the time of such election or nomination at least a
majority of that board or equivalent governing body or (iii) whose election or nomination to that
board or other equivalent governing body was approved by individuals referred to in clauses (i) and
(ii) above constituting at the time of such election or nomination at least a majority of that
board or equivalent governing body (excluding, in the case of both clause (ii) and clause (iii),
any individual whose initial nomination for, or assumption of office as, a member of that board or
equivalent governing body occurs as a result of an actual or threatened solicitation of proxies or
consents for the election or removal of one or more directors by any person or group other than a
solicitation for the election of one or more directors by or on behalf of the board of directors).

     “Closing Date” means the first date all the conditions precedent in Section
4.01 are satisfied or waived in accordance with Section 10.01.

     “Co-Administrative Agent” and “Co-Administrative Agents” shall have the
respective meanings ascribed to such terms in the introductory paragraph hereto.

     “Code” means the Internal Revenue Code of 1986 and all rules and regulations
promulgated pursuant thereto, as the same may from time to time be supplemented or amended.

     “Co-Lead Arrangers” means Banc of America Securities LLC and Scotia Capital, in their
respective capacities as co-lead arrangers and co-book managers.

     “Co-Lead Arrangers Fee Letter” means that letter dated as of August 26, 2008 between
the Co-Administrative Agents, Banc of America Securities LLC, and the Company in connection with
the Original Credit Agreement.

     “Collateral” means all of the “Collateral” referred to in the Collateral
Documents and all of the other property that is or is intended under the terms of the Collateral
Documents to be subject to Liens in favor of the Collateral Agent for the benefit of the Secured
Parties.

     “Collateral Agent” has the meaning specified in the introductory paragraph hereto.

     “Collateral Documents” means, collectively, the Security Agreement, the Securities
Pledge Agreement, the Share Charge, the Intellectual Property Security Agreements, each of the
security agreements, pledge agreements or other similar agreements or supplements delivered to the
Collateral Agent pursuant to Section 4.01 or Section 6.13, and each of the other
agreements, instruments, supplements or documents that creates or purports to create a Lien in
favor of the Collateral Agent for the benefit of the Secured Parties.

     “Company” has the meaning specified in the introductory paragraph hereto.

-7-

 

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

     “Consolidated Adjusted Fixed Charge Coverage Ratio” means, at any date of
determination, the ratio of (a) Consolidated EBITA for the most recently completed Measurement
Period, to (b) the sum of (i) Consolidated Interest Charges (net of cash income from
Investments) payable in cash, (ii) the aggregate principal amount of all regularly scheduled
principal payments of outstanding Indebtedness for borrowed money, (iii) all dividends or other
distributions with respect to any Equity Interests of the Company or any Subsidiary payable in
cash, and (iv) the aggregate amount of Federal, state, local, and foreign income taxes paid in
cash, in each case, for or by the Company and its Subsidiaries for or during such Measurement
Period.

     “Consolidated EBITA” means, for any period, Consolidated EBITDA minus
depreciation expense to the extent such expense is included in calculating Consolidated EBITDA.

     “Consolidated EBITDA” means, for any period, for the Company and its Subsidiaries on a
consolidated basis, an amount equal to Consolidated Net Income for such period plus (a) the
following to the extent deducted in calculating such Consolidated Net Income: (i) Consolidated
Interest Charges for such period, (ii) the provision for Federal, state, local and foreign income
tax expense by the Company and its Subsidiaries for such period, (iii) depreciation and
amortization expense and (iv) other non-recurring or extraordinary expenses of the Company and its
Subsidiaries reducing such Consolidated Net Income which do not represent a cash item in such
period or any future period and minus (b) the following to the extent included in
calculating such Consolidated Net Income: (i) Federal, state, local and foreign income tax benefits
of the Company and its Subsidiaries for such period and (ii) all non-recurring or extraordinary
gains of the Company and its Subsidiaries increasing such Consolidated Net Income which do not
represent a cash item in such period or any future period.

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

     “Consolidated Net Income” means, for any period, for the Company and its Subsidiaries
on a consolidated basis, the net income of the Company and its Subsidiaries for that period.

     “Consolidated Net Worth” means the Company’s consolidated shareholders’ equity on any
date of determination (including any and all Qualifying Preferred Stock) as determined under GAAP.

     “Consolidated Senior Secured Indebtedness” means Consolidated Total Indebtedness of
the Company and its Subsidiaries to the extent such Indebtedness is secured by a Lien (including,
without limitation, the Obligations and the obligations under the Revolving Loan Documents).

-8-

 

     “Consolidated Senior Secured Leverage Ratio” means, as of any date of determination,
the ratio of (a) Consolidated Senior Secured Indebtedness as of the last day of the most recently
ended Measurement Period to (b) Consolidated EBITDA for such Measurement Period.

     “Consolidated Total Indebtedness” means, as of any date of determination, consolidated
Indebtedness (which amount, for the avoidance of doubt, shall include all types of Indebtedness
listed in the definition of such term contained herein) of the Company and its Subsidiaries in
accordance with GAAP.

     “Consolidated Total Leverage Ratio” means, as of any date of determination, the ratio
of (a) Consolidated Total Indebtedness as of the last day of the most recently ended Measurement
Period to (b) Consolidated EBITDA for such Measurement Period.

     “Contingent Liability” means any liability, indebtedness or obligation of the type
described in Section 7.03.

     “Contractual Obligation” means, as to any Person, any provision of any security issued
by such Person or of any agreement, instrument or other undertaking to which such Person is a party
or by which it or any of its property is bound.

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

     “Copyright Security Agreement” means that certain Memorandum of Grant of Security
Interest in Copyrights, executed and delivered on the Closing Date, among the Loan Parties and the
Collateral Agent, in form and substance reasonably satisfactory to the Collateral Agent and any
other Copyright Security Agreement or joinder or supplement thereto that may be entered into after
the Closing Date, each as amended, supplemented or otherwise modified from time to time.

     “Debtor Relief Laws” means the Bankruptcy Code of the United States, and all other
liquidation, conservatorship, bankruptcy, assignment for the benefit of creditors, moratorium,
rearrangement, receivership, insolvency, reorganization, or similar debtor relief Laws of the
United States or other applicable jurisdictions from time to time in effect and affecting the
rights of creditors generally.

     “Default” means any event or condition that constitutes an Event of Default or that,
with the giving of any notice, the passage of time, or both, would be an Event of Default.

     “Default Rate” means an interest rate equal to (i) the Base Rate plus (ii) the
Applicable Rate, if any, applicable to Base Rate Loans plus (iii) 2% per annum;
provided, however, that with respect to a Eurocurrency Rate Loan, the Default Rate
shall be an interest rate equal to the interest rate (including any Applicable Rate and any
Mandatory Cost) otherwise applicable to such Loan plus 2% per annum.

-9-

 

     “Defaulting Lender” means any Lender that (a) has failed to fund any portion of the
Loans required to be funded by it hereunder within one Business Day of the date required to be
funded by it hereunder unless such failure has been cured, (b) has otherwise failed to pay over to
the Administrator or any other Lender any other amount required to be paid by it hereunder within
one Business Day of the date when due, unless the subject of a good faith dispute or unless such
failure has been cured, or (c) has been deemed insolvent or become the subject of a bankruptcy or
insolvency proceeding.

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

     “Dollar Equivalent” means, at any time, (a) with respect to any amount denominated in
Dollars, such amount, and (b) with respect to any amount denominated in any Alternative Currency,
the equivalent amount thereof in Dollars as determined by the Administrator at such time on the
basis of the Spot Rate (determined in respect of the most recent Revaluation Date) for the purchase
of Dollars with such Alternative Currency.

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

     “Domestic Subsidiary Guarantee” means each Domestic Subsidiary Guarantee executed and
delivered by each Domestic Subsidiary of the Company in favor of the Secured Parties, in form and
substance reasonably satisfactory to the Co-Administrative Agents, as amended, supplemented,
amended and restated or otherwise modified from time to time.

     “Domestic Subsidiary Guarantor” means any Domestic Subsidiary of the Company which (i)
has executed a Domestic Subsidiary Guarantee pursuant to Section 4.01(a) of this Agreement
on the Closing Date or (ii) is required to execute a Domestic Subsidiary Guarantee in accordance
with Section 6.13 of this Agreement.

     “Eligible Assignee” means (a) a Lender; (b) an Affiliate of a Lender; (c) an Approved
Fund; and (d) any other Person (other than a natural person) approved by (i) each Co-Administrative
Agent and (ii) unless an Event of Default has occurred and is continuing, the Company (each such
approval not to be unreasonably withheld or delayed); provided, that notwithstanding the
foregoing, “Eligible Assignee” shall not include the Company or any of the Company’s Affiliates or
Subsidiaries.

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

     “Environmental Laws” means any and all Requirements of Law regulating, relating to or
imposing liability or standards or conduct concerning, any Hazardous Materials or environmental
protection.

     “Environmental Liability” means any liability, contingent or otherwise (including any
liability for damages, costs of environmental remediation, fines, penalties or indemnities), of the
Company, any other Loan Party or any of their respective Subsidiaries directly or indirectly
resulting from, or based upon, (a) violation of any Environmental Law, (b) the generation, use,
handling, transportation, storage, treatment or disposal of any Hazardous Materials, (c) exposure

-10-

 

to any Hazardous Materials, (d) the release or threatened release of any Hazardous Materials
into the environment or (e) any contract, agreement or other consensual arrangement pursuant to
which liability is assumed or imposed with respect to any of the foregoing.

     “Equity Interests” means, with respect to any Person, all of the shares of capital
stock of (or other ownership or profit interests in) such Person, all of the warrants, options or
other rights for the purchase or acquisition from such Person of shares of capital stock of (or
other ownership or profit interests in) such Person, all of the securities convertible into or
exchangeable for shares of capital stock of (or other ownership or profit interests in) such Person
or warrants, rights or options for the purchase or acquisition from such Person of such shares (or
such other interests), and all of the other ownership or profit interests in such Person (including
partnership, member or trust interests therein), whether voting or nonvoting, and whether or not
such shares, warrants, options, rights or other interests are outstanding on any date of
determination.

     “ERISA” means the Employee Retirement Income Security Act of 1974 and all rules and
regulations promulgated pursuant thereto, as the same may from time to time be supplemented or
amended.

     “ERISA Affiliate” means, with respect to the Borrower, any trade or business (whether
or not incorporated) under common control with the Borrower within the meaning of Section 414(b),
(c), (m) or (o) of the Code.

     “ERISA Event” means (a) a Reportable Event with respect to a Pension Plan; (b) a
withdrawal by the Company, the Borrower or any ERISA Affiliate from a Pension Plan subject to
Section 4063 of ERISA during a plan year in which it was a substantial employer (as defined in
Section 4001(a)(2) of ERISA) or a cessation of operations that is treated as such a withdrawal
under Section 4062(e) of ERISA; (c) a complete or partial withdrawal by the Company, the Borrower
or any ERISA Affiliate from a Multiemployer Plan or notification that a Multiemployer Plan is in
reorganization; (d) the filing of a notice of intent to terminate, the treatment of a Plan
amendment as a termination under Section 4041 or 4041A of ERISA, or the commencement of proceedings
by the PBGC to terminate a Pension Plan or Multiemployer Plan; (e) an event or condition which
constitutes grounds under Section 4042 of ERISA for the termination of, or the appointment of a
trustee to administer, any Pension Plan or Multiemployer Plan; or (f) the imposition of any
liability under Title IV of ERISA, other than for PBGC premiums due but not delinquent under
Section 4007 of ERISA, upon the Company, the Borrower or any ERISA Affiliate.

     “Euro” and “EUR” mean the lawful currency of the Participating Member States
introduced in accordance with the EMU Legislation.

     “Eurocurrency Rate” means, for any Interest Period with respect to a Eurocurrency Rate
Loan, the rate per annum equal to BBA LIBOR for deposits in the relevant currency (for delivery on
the first day of such Interest Period) with a term equivalent to such Interest Period. If such
rate is not available at such time for any reason, then the “Eurocurrency Rate” for such Interest
Period shall be the rate per annum determined by the Administrator to be the rate at which deposits
in the relevant currency for delivery on the first day of such Interest Period in Same Day Funds in
the approximate amount of the Eurocurrency Rate Loan being made, continued or

-11-

 

converted by Bank of America and with a term equivalent to such Interest Period would be
offered by Bank of America’s London Branch (or other Bank of America branch or Affiliate) to major
banks in the London or other offshore interbank market for such currency at their request at
approximately 11:00 a.m. (London time) two Business Days prior to the commencement of such Interest
Period.

     “Eurocurrency Rate Loan” means a Loan that bears interest at a rate based on the
Eurocurrency Rate. Eurocurrency Rate Loans may be denominated in Dollars or in an Alternative
Currency. All Loans denominated in an Alternative Currency must be Eurocurrency Rate Loans.

     “Event of Default” has the meaning specified in Section 8.01.

     “Excluded Taxes” means, with respect to each Co-Administrative Agent, the
Administrator, the Collateral Agent, any Lender or any other recipient of any payment to be made by
or on account of any obligation of the Borrower hereunder, (a) taxes imposed on or measured by its
overall net income (however denominated), and franchise taxes imposed on it (in lieu of net income
taxes), by the jurisdiction (or any political subdivision thereof) under the Laws of which such
recipient is organized or in which its principal office is located or, in the case of any Lender,
in which its applicable Lending Office is located, (b) any branch profits taxes imposed by the
United States or any similar tax imposed by any other jurisdiction in which the Borrower is
located, (c) any backup withholding tax that is required by the Code to be withheld from amounts
payable to a Lender that has failed to comply with clause (A) of Section 3.01(e)(ii), and
(d) in the case of a Foreign Lender (other than an assignee pursuant to a request by the Company
under Section 10.13), any United States withholding tax that (i) is required to be imposed
on amounts payable to such Foreign Lender pursuant to the Laws in force at the time such Foreign
Lender becomes a party hereto (or designates a new Lending Office) or (ii) is attributable to such
Foreign Lender’s failure or inability (other than as a result of a Change in Law) to comply with
clause (B) of Section 3.01(e)(ii), except to the extent that such Foreign Lender (or its
assignor, if any) was entitled, at the time of designation of a new Lending Office (or assignment),
to receive additional amounts from the Borrower with respect to such withholding tax pursuant to
Section 3.01(a)(ii) or (iii). Notwithstanding anything to the contrary contained in this
definition, “Excluded Taxes” shall not include any withholding tax imposed at any time on payments
made by or on behalf of a Foreign Loan Party to any Lender hereunder or under any other Loan
Document, provided that such Lender shall have complied with Section 3.01(e)(i).

     “FASB Standards” means the standards established by the Financial Accounting Standards
Board, in effect from time to time.

     “Federal Funds Rate” means, for any day, the rate per annum equal to the weighted
average of the rates on overnight Federal funds transactions with members of the Federal Reserve
System arranged by Federal funds brokers on such day, as published by the Federal Reserve Bank of
New York on the Business Day next succeeding such day; provided that (a) if such day is not
a Business Day, the Federal Funds Rate for such day shall be such rate on such transactions on the
next preceding Business Day as so published on the next succeeding Business Day, and (b) if no such
rate is so published on such next succeeding Business Day, the Federal

-12-

 

Funds Rate for such day shall be the average rate (rounded upward, if necessary, to a whole
multiple of 1/100 of 1%) charged to Bank of America on such day on such transactions as determined
by the Administrator.

     “Fee Letters” means the Administrator Fee Letter and the Co-Lead Arrangers Fee Letter.

     “Foreign Lender” means, with respect to the Borrower, any Lender that is organized
under the Laws of a jurisdiction other than that in which the Borrower is resident for tax
purposes. For purposes of this definition, the United States, each state thereof and the District
of Columbia shall be deemed to constitute a single jurisdiction.

     “Foreign Loan Party” means a Loan Party that is a Foreign Subsidiary.

     “Foreign Subsidiary” means any Subsidiary that is organized under the laws of a
jurisdiction other than the United States, a state thereof or the District of Columbia.

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

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

     “GAAP” means generally accepted accounting principles, as in effect from time to time,
applied on a consistent basis.

     “Governmental Authority” means the government of the United States or any other
nation, or of any political subdivision thereof, whether state or local, and any agency, authority,
instrumentality, regulatory body, court, central bank or other entity exercising executive,
legislative, judicial, taxing, regulatory or administrative powers or functions of or pertaining to
government (including any supra-national bodies such as the European Union or the European Central
Bank).

     “Guarantee” means, in relation to any Person, any obligation, contingent or otherwise,
of such Person guaranteeing or having the economic effect of guaranteeing any liabilities of any
other Person in any manner, whether directly or indirectly. The amount of any Guarantee shall be
deemed to be an amount equal to the stated or determinable amount of the related primary
obligation, or portion thereof, in respect of which such Guarantee is made or, if not stated or
determinable, the maximum reasonably anticipated liability in respect thereof as determined by the
guaranteeing Person in good faith.

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

-13-

 

     “Hedge Bank” means any Person that is a Lender or an Affiliate of a Lender and is
party to a Swap Contract required or permitted under Article VI or VII (or was a
Lender or an Affiliate of a Lender at the time such Person entered into such Swap Contract) in its
capacity as a party to such Swap Contract.

     “Increase Effective Date” has the meaning specified in Section 2.15(d).

     “Incremental Term Loan” has the meaning specified in Section 2.15(a).

     “Indebtedness” means, in relation to any Person, without duplication: (a) all
obligations of such Person for borrowed money; (b) all obligations of such Person evidenced by
bonds, debentures or notes or similar instruments which (in the case of such similar instruments
only) are held by financial institutions; (c) all obligations, contingent or otherwise, relative to
the Stated Amount of any letters of credit, whether or not drawn, issued for the account of such
Person; (d) all obligations of such Person upon which interest charges are customarily paid,
excluding trade indebtedness incurred in the ordinary course of business; (e) all obligations of
such Person issued or assumed as the deferred purchase price of property (other than trade
indebtedness incurred in the ordinary course of business); (f) all capitalized lease obligations of
such Person; (g) all obligations of such Person as an account party in respect of bankers’
acceptances; and (h) all Guarantees of such Person in respect of any of the foregoing.

     For all purposes hereof, the Indebtedness of any Person shall include the Indebtedness of any
partnership or joint venture (other than a joint venture that is itself a corporation or limited
liability company) in which such Person is a general partner or a joint venturer, unless such
Indebtedness is expressly made non-recourse to such Person. The amount of any capitalized lease as
of any date shall be deemed to be the capitalized amount thereof that would appear on a balance
sheet of such Person prepared as of such date in accordance with GAAP.

     “Indemnified Taxes” means Taxes other than Excluded Taxes.

     “Information” has the meaning specified in Section 10.07.

     “Intellectual Property Security Agreements” means the Trademark Security Agreement,
the Patent Security Agreement and the Copyright Security Agreement.

     “Intercreditor Agreement” means that certain Intercreditor Agreement dated as of even
date herewith by and among the Administrator, on behalf of the Lenders, Bank of America, as
“Administrator” on behalf of the Revolving Loan Lenders, the Collateral Agent, and acknowledged by
the Loan Parties, as amended, restated, supplemented or otherwise modified from time to time, in
substantially the form of Exhibit E hereto.

     “Interest Payment Date” means, (a) as to any Loan other than a Base Rate Loan, the
last day of each Interest Period applicable to such Loan and the Maturity Date; provided,
however, that if any Interest Period for a Eurocurrency Rate Loan exceeds three months, the
respective dates that fall every three months after the beginning of such Interest Period shall
also be Interest Payment Dates; and (b) as to any Base Rate Loan, the last Business Day of each
March, June, September and December and the Maturity Date.

-14-

 

     “Interest Period” means, as to each Eurocurrency Rate Loan, the period commencing on
the date such Eurocurrency Rate Loan is disbursed or converted to or continued as a Eurocurrency
Rate Loan and ending on the date one, two, three or six months thereafter, as selected by the
Company in its Loan Notice; provided that:

     (a) any Interest Period that would otherwise end on a day that is not a Business Day shall be
extended to the next succeeding Business Day unless such Business Day falls in another calendar
month, in which case such Interest Period shall end on the next preceding Business Day;

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

     (c) no Interest Period shall extend beyond the Maturity Date.

     “Investment” means, as to any Person, any direct or indirect acquisition or investment
by such Person, whether by means of (a) the purchase or other acquisition of capital stock or other
securities of another Person, (b) a loan, advance or capital contribution to, Guarantee or
assumption of debt of, or purchase or other acquisition of any other debt or equity participation
or interest in, another Person, including any partnership or joint venture interest in such other
Person and any arrangement pursuant to which the investor Guarantees Indebtedness of such other
Person, or (c) the purchase or other acquisition (in one transaction or a series of transactions)
of assets of another Person that constitute a business unit. 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.

     “IP Rights” has the meaning specified in Section 5.22.

     “IRS” means the United States Internal Revenue Service.

     “Laws” means, collectively, all international, foreign, Federal, state and local
statutes, treaties, rules, guidelines, regulations, ordinances, codes and administrative or
judicial precedents or authorities, including the interpretation or administration thereof by any
Governmental Authority charged with the enforcement, interpretation or administration thereof, and
all applicable administrative orders, directed duties, requests, licenses, authorizations and
permits of, and agreements with, any Governmental Authority, in each case whether or not having the
force of law.

     “Lender” and “Lenders” has the meaning specified in the introductory paragraph
hereto.

     “Lending Office” means, as to any Lender, the offices, branches and Affiliates of such
Lender described as such in such Lender’s Administrative Questionnaire, or such other offices,
branches and Affiliates as a Lender may from time to time notify the Company and the Administrator.

-15-

 

     “Lien” means any mortgage, pledge, hypothecation, assignment, deposit arrangement,
encumbrance, lien (statutory or other), charge, or preference, priority or other security interest
or preferential arrangement in the nature of a security interest of any kind or nature whatsoever
(including any conditional sale or other title retention agreement, any easement, right of way or
other encumbrance on title to real property, and any financing lease having substantially the same
economic effect as any of the foregoing).

     “Line Banks” means (a) Scotia Capital, together with any Affiliate thereof, and (b)
RBS Citizens, National Association, together with any Affiliate thereof, in each case, so long as
such Person (or its Affiliate) remains a Lender hereunder.

     “Loan” means an extension of credit by a Lender to the Borrower under Article
II.

     “Loan Documents” means (i) this Agreement, the Notes, each Domestic Subsidiary
Guarantee, each Loan Notice, each Collateral Document, each Fee Letter, the Intercreditor Agreement
and each other letter (including, without limitation, fee letters), notice, agreement, certificate,
document or instrument delivered in connection with this Agreement and (ii) any agreements or
instruments pursuant to which the Obligations of the Company or any other Loan Party under this
Agreement, any of the Notes or any of the other Loan Documents are refunded, refinanced or replaced
(in whole or in part) from time to time, as such agreements, certificates, documents and
instruments referred to in clauses (i) and (ii) of this definition may from time to
time be amended, supplemented, restated, renewed or otherwise modified.

     “Loan Notice” means (a) a notice of Borrowing, (b) a conversion of Loans from one Type
to the other, or (c) a continuation of Eurocurrency Rate Loans, pursuant to Section 2.02(a)
which, if in writing, shall be substantially in the form of Exhibit A.

     “Loan Parties” means the Borrower, each Domestic Subsidiary Guarantor, and any other
Subsidiary of the Borrower obligated under any Loan Document.

     “Mandatory Cost” means, with respect to any period, the percentage rate per annum
determined in accordance with Schedule 1.01. 

     “Material Adverse Effect” means any of the following: (a) any materially adverse
effect on the business, assets, properties, operations, prospects or condition, financial or
otherwise, of the Company and its Subsidiaries taken as a whole; (b) any material impairment of the
ability of the Borrower to perform any of its obligations under this Agreement, the Notes or any
other Loan Document; (c) any impairment of the ability of any Domestic Subsidiary Guarantor to
perform any of its obligations under any Domestic Subsidiary Guarantee or other Loan Documents
which impairment would either (i) have a material adverse effect on the obligations of all the
Domestic Subsidiary Guarantors under the Domestic Subsidiary Guarantees or such other Loan
Document, when taken together as a whole, or (ii) result in non-compliance with Section
6.07; or (d) any impairment of the validity or enforceability of this Agreement, the Notes or
any other Loan Documents or any of the rights, remedies or benefits to any Co-Administrative Agent,
the Collateral Agent, the Administrator or the Lenders under this Agreement, the Notes, any
Domestic Subsidiary Guarantee, any Collateral Document or any other Loan Document.

     “Material Subsidiary” means any Subsidiary that is not a Non-Material Subsidiary.

-16-

 

     “Maturity Date” means October 29, 2012.

     “Measurement Period” means, at any date of determination, the most recently completed
four fiscal quarters of the Company.

     “Moody’s” means Moody’s Investors Service, Inc. and any successor thereto.

     “Multiemployer Plan” means any employee benefit plan of the type described in
Section 4001(a)(3) of ERISA, to which the Company or any ERISA Affiliate makes or is obligated to
make contributions, or during the preceding six plan years, has made or been obligated to make
contributions.

     “Non-Material Subsidiary” means any Subsidiary from time to time identified as a
Non-Material Subsidiary by the Company in writing to the Co-Administrative Agents and the
Administrator; provided that the revenues of all such Subsidiaries (on a consolidated
basis) for the fiscal year most recently ended shall not exceed 10% of the consolidated revenues
generated by the Company and its Subsidiaries for such fiscal year.

     “Note” means a promissory note made by the Borrower in favor of a Lender evidencing
Loans made by such Lender to the Borrower, substantially in the form of Exhibit B.

     “Obligations” means all advances to, and debts, liabilities, obligations, covenants
and duties of, any Loan Party arising under any Loan Document or otherwise with respect to any
Loan, Secured Cash Management Agreement, Secured Hedge Agreement or Secured Line, in each case
whether direct or indirect (including those acquired by assumption), absolute or contingent, due or
to become due, now existing or hereafter arising and including interest and fees that accrue after
the commencement by or against any Loan Party thereof of any proceeding under any Debtor Relief
Laws naming such Person as the debtor in such proceeding, regardless of whether such interest and
fees are allowed claims in such proceeding; provided, that Obligations under Secured Cash
Management Agreements, Secured Hedge Agreements and Secured Lines shall not exceed $35,000,000 in
the aggregate at any time.

     “Organization Documents” means, (a) with respect to any corporation, the certificate
or articles of incorporation and the bylaws (or equivalent or comparable constitutive documents
with respect to any non-U.S. jurisdiction); (b) with respect to any limited liability company, the
certificate or articles of formation or organization and operating agreement; and (c) with respect
to any partnership, joint venture, trust or other form of business entity, the partnership, joint
venture or other applicable agreement of formation or organization and any agreement, instrument,
filing or notice with respect thereto filed in connection with its formation or organization with
the applicable Governmental Authority in the jurisdiction of its formation or organization and, if
applicable, any certificate or articles of formation or organization of such entity.

     “Original Closing Date” has the meaning specified in the recitals hereto.

     “Original Credit Agreement” has the meaning specified in the recitals hereto.

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     “Original Loan Documents” means the Original Credit Agreement and all other “Credit
Documents” (as defined in the Original Credit Agreement) entered into in connection with the
Original Credit Agreement.

     “Original Loans” has the meaning specified in Section 2.01(a).

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

     “Outstanding Amount” means on any date, the Dollar Equivalent amount of the aggregate
outstanding principal amount of the Loans after giving effect to any borrowings and prepayments or
repayments of such Loans occurring on such date.

     “Overnight Rate” means, for any day, (a) with respect to any amount denominated in
Dollars, the greater of (i) the Federal Funds Rate and (ii) an overnight rate determined by the
Administrator in accordance with banking industry rules on interbank compensation, and (b) with
respect to any amount denominated in an Alternative Currency, the rate of interest per annum at
which overnight deposits in the applicable Alternative Currency, in an amount approximately equal
to the amount with respect to which such rate is being determined, would be offered for such day by
a branch or Affiliate of Bank of America in the applicable offshore interbank market for such
currency to major banks in such interbank market. 

     “Participant” has the meaning specified in Section 10.06(d).

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

     “Patent Security Agreement” means that certain Patent Collateral Assignment and
Security Agreement, executed and delivered on the Closing Date, among the Loan Parties and the
Collateral Agent, in form and substance reasonably satisfactory to the Collateral Agent and any
other Patent Security Agreement or joinder or supplement thereto that may be entered into after the
Closing Date, each as amended, supplemented or otherwise modified from time to time.

     “PBGC” means the Pension Benefit Guaranty Corporation.

     “Pension Funding Rules” means the rules of the Code and ERISA regarding minimum
required contributions (including any installment payment thereof) to Pension Plans and set forth
in, with respect to plan years ending prior to the effective date as to such Pension Plan of the
Pension Protection Act of 2006, Section 412 of the Code and Section 302 of ERISA each as in effect
prior to the Pension Protection Act of 2006 and, thereafter, Sections 412 and 430 of the Code and
Sections 302 and 303 of ERISA.

     “Pension Plan” means any “employee pension benefit plan” (as such term is defined in
Section 3(2) of ERISA), other than a Multiemployer Plan, that is subject to Title IV of ERISA and
is sponsored or maintained by the Company or any ERISA Affiliate or to which the Company or any
ERISA Affiliate contributes or has an obligation to contribute, or in the case of

-18-

 

a multiple employer or other plan described in Section 4064(a) of ERISA, has made
contributions at any time during the immediately preceding six plan years.

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

     “Plan” means any “employee benefit plan” (as such term is defined in Section 3(3) of
ERISA) established, maintained or contributed to by the Company or, with respect to any such plan
that is subject to the Pension Funding Rules, any ERISA Affiliate.

     “Platform” has the meaning specified in Section 6.02.

     “Pledged Stock Collateral” means “Pledged Collateral” as defined in Section 1 of the
Securities Pledge Agreement.

     “Pledged Debt” has the meaning specified in Section 4.1 of the Security Agreement.

     “Public Lender” has the meaning specified in Section 6.02.

     “Public Senior Debt” means long-term, publicly held senior unsecured non-credit
enhanced indebtedness of the Company (whether or not outstanding).

     “Qualifying Preferred Stock” means any issued and outstanding preferred stock of the
Company with respect to which no mandatory redemption or repurchase is or could be required of the
Company or any of its Subsidiaries prior to the Maturity Date.

     “Real Estate” means any real estate owned or operated by the Company or any of its
Subsidiaries.

     “Register” has the meaning specified in Section 10.06(c).

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

     “Reportable Event” means any of the events set forth in Section 4043(c) of ERISA,
other than events for which the 30 day notice period has been waived.

     “Required Lenders” means, as of any date of determination, Lenders holding in the
aggregate more than 50% of the Total Outstandings; provided that the portion of the Total
Outstandings held or deemed held by, any Defaulting Lender shall be excluded for purposes of making
a determination of Required Lenders; provided, further, that, any time there are
four or more Lenders, and any two Lenders in the aggregate hold greater than 50% of the outstanding
principal amount of the Loans outstanding on such date, at least three Lenders shall be required to
constitute “Required Lenders” on such date.

     “Responsible Officer” means the chief executive officer, president, vice
president-finance, chief financial officer, treasurer, assistant treasurer or controller of a Loan
Party. Any

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document delivered hereunder that is signed by a Responsible Officer of a Loan Party shall be
conclusively presumed to have been authorized by all necessary corporate, partnership and/or other
action on the part of such Loan Party and such Responsible Officer shall be conclusively presumed
to have acted on behalf of such Loan Party.

     “Revaluation Date” means with respect to any Loan, each of the following: (a) each
date of a Borrowing of a Eurocurrency Rate Loan denominated in an Alternative Currency, (b) each
date of a continuation of a Eurocurrency Rate Loan denominated in an Alternative Currency pursuant
to Section 2.02, and (c) such additional dates as the Administrator shall determine or the
Required Lenders shall require as a result of exchange rate fluctuations or similar circumstances.

     “Revolving Credit Agreement” means that certain Revolving Credit Agreement, dated as
of September 17, 2009, among the Company, certain Subsidiaries of the Company from time to time
party thereto, Bank of America and Scotia Capital, as co-administrative agents for the Revolving
Loan Lenders, Bank of America, as the administrator for the Revolving Loan Lenders and as the
collateral agent, and the Revolving Loan Lenders, as the same shall be amended, supplemented or
otherwise modified from time to time.

     “Revolving Loan Documents” means the “Loan Documents” as defined in the Revolving
Credit Agreement.

     “Revolving Loan Lenders” means those “Lenders” as defined in and party to the
Revolving Credit Agreement.

     “Revolving Loans” means the “Loans” as defined in the Revolving Credit Agreement.

     “Same Day Funds” means (a) with respect to disbursements and payments in Dollars,
immediately available funds, and (b) with respect to disbursements and payments in an Alternative
Currency, same day or other funds as may be determined by the Administrator to be customary in the
place of disbursement or payment for the settlement of international banking transactions in the
relevant Alternative Currency.

     “Scotia Capital” means The Bank of Nova Scotia.

     “SEC” means the Securities and Exchange Commission, or any Governmental Authority
succeeding to any of its principal functions.

     “Secured Cash Management Agreement” means any Cash Management Agreement that is
entered into by and between any Loan Party and any Cash Management Bank.

     “Secured Hedge Agreement” means any interest rate Swap Contract permitted under
Article VI or VII that is entered into by and between any Loan Party and any Hedge
Bank.

     “Secured Lines” means (a) so long as Scotia Capital remains a Lender hereunder, the
Operating Credit Facility dated May 21, 1991, as amended on October 9, 1998, in the amount of CAD
3,250,000 between Scotia Capital and Kaman Industrial Technologies Ltd. and (b) so long as RBS
Citizens, National Association remains a Lender hereunder, the Multi-Option Facility

-20-

 

dated July 28, 2009 in the amount of Sterling 2,000,000 between Royal Bank of Scotland Plc (an
Affiliate of RBS Citizens, National Association), acting as agent for National Westminster Bank
Plc, and Brookhouse Holdings Limited and its Affiliates.

     “Secured Parties” means, collectively, the Co-Administrative Agents, the
Administrator, the Collateral Agent, the Lenders, the Hedge Banks, the Cash Management Banks, the
Line Banks, each co-agent or sub-agent appointed by the Co-Administrative Agents or the
Administrator from time to time pursuant to Section 9.05, and the other Persons the
Obligations owing to which are or are purported to be secured by the Collateral under the terms of
the Collateral Documents.

     “Securities Act” means the Securities Act of 1933, as amended.

     “Securities Exchange Act” means the Securities Exchange Act of 1934, as amended.

     “Securities Pledge Agreement” means (a) that certain Securities Pledge Agreement dated
as of even date herewith by and among the Loan Parties and the Collateral Agent, as amended and in
effect from time to time and (b) any other agreement pursuant to which the Equity Interests (or any
portion thereof) of a Subsidiary of any Loan Party are pledged to the Collateral Agent for the
benefit of the Secured Parties to secure the Obligations.

     “Security Agreement” means that certain Security Agreement dated as of even date
herewith by and among the Loan Parties and the Collateral Agent, as amended and in effect from time
to time.

     “Share Charge” means that certain Share Charge, dated as of September 17, 2009, by and
among Kaman Aerospace Group, Inc., Kaman UK Holdings Limited and the Collateral Agent.

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

     “Special Notice Currency” means at any time an Alternative Currency, other than the
currency of a country that is a member of the Organization for Economic Cooperation and Development
at such time located in North America or Europe.

     “Spot Rate” for a currency means the rate determined by the Administrator to be the
rate quoted by the Person acting in such capacity as the spot rate for the purchase by such Person
of

-21-

 

such currency with another currency through its principal foreign exchange trading office at
approximately 11:00 a.m. on the date two Business Days prior to the date as of which the foreign
exchange computation is made; provided that the Administrator may obtain such spot rate
from another financial institution designated by the Administrator if the Person acting in such
capacity does not have as of the date of determination a spot buying rate for any such
currency. 

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

     “Stated Amount” of each letter of credit means the total Dollar amount then available
to be drawn under such letter of credit.

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

     “Subsidiary” of a Person means a corporation, partnership, joint venture, limited
liability company or other business entity of which more than 50% of the shares of securities or
other interests having ordinary voting power for the election of directors or other governing body
(other than securities or interests having such power only by reason of the happening of a
contingency) are at the time beneficially owned, or the management of which is otherwise
controlled, directly, or indirectly through one or more intermediaries, or both, by such Person.
Unless otherwise specified, all references herein to a “Subsidiary” or to “Subsidiaries” shall
refer to a Subsidiary or Subsidiaries of the Company.

     “Swap Contract” means (a) any and all rate swap transactions, basis swaps, credit
derivative transactions, forward rate transactions, commodity swaps, commodity options, forward
commodity contracts, equity or equity index swaps or options, bond or bond price or bond index
swaps or options or forward bond or forward bond price or forward bond index transactions, interest
rate options, forward foreign exchange transactions, cap transactions, floor transactions, collar
transactions, currency swap transactions, cross-currency rate swap transactions, currency options,
spot contracts, or any other similar transactions or any combination of any of the foregoing
(including any options to enter into any of the foregoing), whether or not any such transaction is
governed by or subject to any master agreement, and (b) any and all transactions of any kind, and
the related confirmations, which are subject to the terms and conditions of, or governed by, any
form of master agreement published by the International Swaps and Derivatives Association, Inc.,
any International Foreign Exchange Master Agreement, or any other master agreement (any such master
agreement, together with any related schedules, a “Master Agreement”), including any such
obligations or liabilities under any Master Agreement.

     “TARGET Day” means any day on which the Trans-European Automated Real-time Gross
Settlement Express Transfer (TARGET) payment system (or, if such payment system ceases to be
operative, such other payment system (if any) determined by the Administrator to be a suitable
replacement) is open for the settlement of payments in Euro.

     “Taxes” means all present or future taxes, levies, imposts, duties, deductions,
withholdings (including backup withholding), assessments, fees or other charges imposed by any
Governmental Authority, including any interest, additions to tax or penalties applicable thereto.

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     “Threshold Amount” means $10,000,000.

     “Total Outstandings” means the aggregate Outstanding Amount of all Loans.

     “Trademark Security Agreement” means that certain Trademark Collateral Security and
Pledge Agreement, executed and delivered on the Closing Date, among the Loan Parties and the
Collateral Agent, in form and substance reasonably satisfactory to the Collateral Agent and any
other Trademark Security Agreement or joinder or supplement thereto that may be entered into after
the Closing Date, each as amended, supplemented or otherwise modified from time to time.

     “Type” means, with respect to a Loan, its character as a Base Rate Loan or a
Eurocurrency Rate Loan.

     “UCC” means the Uniform Commercial Code as in effect in the State of New York;
provided that, if perfection or the effect of perfection or non-perfection or the priority
of any security interest in any Collateral is governed by the Uniform Commercial Code as in effect
in a jurisdiction other than the State of New York, “UCC” means the Uniform Commercial Code
as in effect from time to time in such other jurisdiction for purposes of the provisions hereof
relating to such perfection, effect of perfection or non-perfection or priority.

     “UK Acquisition” means the acquisition by the Company of Brookhouse Holdings Limited
and its Subsidiaries on June 12, 2008.

     “Unfunded Pension Liability” means the excess of a Pension Plan’s benefit liabilities
under Section 4001(a)(16) of ERISA, over the current value of that Pension Plan’s assets,
determined in accordance with the assumptions used for funding the Pension Plan pursuant to the
Pension Funding Rules for the applicable plan year.

     “United States” and “U.S.” mean the United States of America.

     1.02. 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 definitions of terms herein shall apply equally to the singular and plural forms of
the terms defined. Whenever the context may require, any pronoun shall include the corresponding
masculine, feminine and neuter forms. The words “include,” “includes” and
“including” shall be deemed to be followed by the phrase “without limitation.” The word
“will” shall be construed to have the same meaning and effect as the word “shall.”
Unless the context requires otherwise, (i) any definition of, or reference to, any agreement,
instrument or other document (including any Organization Document) shall be construed as referring
to such agreement, instrument or other document as from time to time amended, supplemented or
otherwise modified (subject to any restrictions on such amendments, supplements or modifications
set forth herein or in any other Loan Document), (ii) any reference herein to any Person shall be
construed to include such Person’s successors and assigns, (iii) the words “herein,”
“hereof” and “hereunder,” and words of similar import when used in any Loan
Document, shall be construed to refer to such Loan Document in its entirety and not to any
particular provision thereof, (iv) all references in a Loan Document to Articles, Sections,
Exhibits and Schedules shall be construed to refer to Articles and Sections of, and Exhibits and

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Schedules to, the Loan Document in which such references appear, (v) any reference to any law
shall include all statutory and regulatory provisions consolidating, amending, replacing or
interpreting such law and any reference to any law or regulation shall, unless otherwise specified,
refer to such law or regulation as amended, modified or supplemented from time to time, and (vi)
the words “asset” and “property” shall be construed to have the same meaning and
effect and to refer to any and all tangible and intangible assets and properties, including cash,
securities, accounts and contract rights.

     (b) In the computation of periods of time from a specified date to a later specified date, the
word “from” means “from and including;” the words “to” and “until”
each mean “to but excluding;” and the word “through” means “to and
including.”

     (c) Section headings herein and in the other Loan Documents are included for convenience of
reference only and shall not affect the interpretation of this Agreement or any other Loan
Document.

     1.03. Accounting Terms. (a) Generally. All accounting terms not specifically or
completely defined herein shall be construed in conformity with, and all financial data (including
financial ratios and other financial calculations) required to be submitted pursuant to this
Agreement shall be prepared in conformity with, GAAP applied on a consistent basis, as in effect
from time to time, applied in a manner consistent with that used in preparing the Audited Financial
Statements, except as otherwise specifically prescribed herein.

     (b) Changes in GAAP. If at any time any change in GAAP would affect the computation
of any financial ratio or requirement set forth in any Loan Document, and either the Company or the
Required Lenders shall so request, the Co-Administrative Agents, the Administrator, the Lenders and
the Company shall negotiate in good faith to amend such ratio or requirement to preserve the
original intent thereof in light of such change in GAAP (subject to the approval of the Required
Lenders, which approval shall not be unreasonably withheld); provided that, until so
amended, (i) such ratio or requirement shall continue to be computed in accordance with GAAP prior
to such change therein and (ii) the Company shall provide to the Administrator and the Lenders
financial statements and other documents required under this Agreement or as reasonably requested
hereunder setting forth a reconciliation between calculations of such ratio or requirement made
before and after giving effect to such change in GAAP.

     1.04. Rounding. Any financial ratios required to be maintained by the Borrower pursuant to
this Agreement shall be calculated by dividing the appropriate component by the other component,
carrying the result to one place more than the number of places by which such ratio is expressed
herein and rounding the result up or down to the nearest number (with a rounding-up if there is no
nearest number).

     1.05. Exchange Rates; Currency Equivalents. (a) The Administrator shall determine the Spot
Rates as of each Revaluation Date to be used for calculating Dollar Equivalent amounts of
Outstanding Amounts denominated in Alternative Currencies. Such Spot Rates shall become effective
as of such Revaluation Date and shall be the Spot Rates employed in converting any amounts between
the applicable currencies until the next Revaluation Date to occur. Except for

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purposes of financial statements delivered by Loan Parties hereunder or calculating financial
covenants hereunder or except as otherwise provided herein, the applicable amount of any currency
(other than Dollars) for purposes of the Loan Documents shall be such Dollar Equivalent amount as
so determined by the Administrator.

     (b) Wherever in this Agreement in connection with a Borrowing, conversion, continuation or
prepayment of a Eurocurrency Rate Loan, an amount, such as a required minimum or multiple amount,
is expressed in Dollars, but such Borrowing, Eurocurrency Rate Loan is denominated in an
Alternative Currency, such amount shall be the relevant Alternative Currency Equivalent of such
Dollar amount (rounded to the nearest unit of such Alternative Currency, with 0.5 of a unit being
rounded upward), as determined by the Administrator.

     1.06. [Intentionally Omitted.]

     1.07. Change of Currency. Each obligation of the Borrower to make a payment denominated in
the national currency unit of any member state of the European Union that adopts the Euro as its
lawful currency after the date hereof shall be redenominated into Euro at the time of such adoption
(in accordance with the EMU Legislation). If, in relation to the currency of any such member
state, the basis of accrual of interest expressed in this Agreement in respect of that currency
shall be inconsistent with any convention or practice in the London interbank market for the basis
of accrual of interest in respect of the Euro, such expressed basis shall be replaced by such
convention or practice with effect from the date on which such member state adopts the Euro as its
lawful currency; provided that if any Borrowing in the currency of such member state is
outstanding immediately prior to such date, such replacement shall take effect, with respect to
such Borrowing, at the end of the then current Interest Period.

     (a) Each provision of this Agreement shall be subject to such reasonable changes of
construction as the Administrator may from time to time specify to be appropriate to reflect the
adoption of the Euro by any member state of the European Union and any relevant market conventions
or practices relating to the Euro.

     (b) Each provision of this Agreement also shall be subject to such reasonable changes of
construction as the Administrator may from time to time specify to be appropriate to reflect a
change in currency of any other country and any relevant market conventions or practices relating
to the change in currency.

     1.08. Times of Day. Unless otherwise specified, all references herein to times of day shall
be references to Eastern time (daylight or standard, as applicable).

ARTICLE II.

THE LOANS

     2.01. The Loans.

     (a) Under the Original Credit Agreement, the Lenders made term loans to the Borrower (the
“Original Loans”). On the Closing Date, the Original Loans of each Lender shall
automatically, and without any action on the part of any Person, be deemed to be a Loan hereunder.
The Loans are not revolving in nature and any portion thereof that is repaid or

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prepaid may not be reborrowed. The principal amount of Loans outstanding to each Lender on
the Original Closing Date and on the Closing Date is set forth on Schedule 2.01.

     (b) Each Loan shall be either a Base Rate Loan or a Eurocurrency Rate Loan, as the Borrower
may elect, in each case subject to the provisions of this Agreement. No Lender shall be
responsible to the Borrower, either Co-Administrative Agent, the Administrator or the other Lenders
for the obligations of any other Lender. Neither of the Co-Administrative Agents nor the
Administrator shall be responsible to the Borrower for the obligations of any of the Lenders.

     2.02. Borrowings, Conversions and Continuations of Loans.

     (a) Each Borrowing, each conversion of Loans from one Type to the other, and each continuation
of Eurocurrency Rate Loans shall be made upon the Company’s irrevocable notice to the
Administrator, which may be given by telephone. Each such notice must be received by the
Administrator not later than 11:00 a.m. (i) three Business Days prior to the requested date of any
Borrowing of, conversion to or continuation of Eurocurrency Rate Loans denominated in Dollars or of
any conversion of Eurocurrency Rate Loans denominated in Dollars to Base Rate Loans, (ii) four
Business Days (or five Business Days in the case of a Special Notice Currency) prior to the
requested date of any Borrowing or continuation of Eurocurrency Rate Loans denominated in
Alternative Currencies, and (iii) on the requested date of any Borrowing of Base Rate Loans. Each
telephonic notice by the Company pursuant to this Section 2.02(a) must be confirmed
promptly by delivery to the Administrator of a written Loan Notice, appropriately completed and
signed by a Responsible Officer of the Company. Each Borrowing of, conversion to or continuation
of Eurocurrency Rate Loans shall be in a principal amount of $1,000,000 or a whole multiple of
$500,000 in excess thereof, provided, that Eurocurrency Rate Loans denominated in
Alternative Currencies shall be in a principal amount of $100,000 or a whole multiple of $100,000
in excess thereof. Each Borrowing of, or conversion to, Base Rate Loans shall be in a principal
amount of $200,000 or a whole multiple of $100,000 in excess thereof. Each Loan Notice (whether
telephonic or written) shall specify (i) whether the Company is requesting a Borrowing, a
conversion of Loans from one Type to the other, or a continuation of Eurocurrency Rate Loans,
(ii) the requested date of the Borrowing, conversion or continuation, as the case may be (which
shall be a Business Day), (iii) the principal amount of Loans to be borrowed, converted or
continued, (iv) the Type of Loans to be borrowed or to which existing Loans are to be converted,
(v) if applicable, the duration of the Interest Period with respect thereto, and (vi) the currency
of the Loans to be borrowed. If the Company fails to specify a currency in a Loan Notice
requesting a Borrowing, then the Loans so requested shall be made in Dollars. If the Company fails
to specify a Type of Loan in a Loan Notice or if the Company fails to give a timely notice
requesting a conversion or continuation, then the applicable Loans shall be made as, or converted
to, Base Rate Loans; provided, however, that in the case of a failure to timely
request a continuation of Loans denominated in an Alternative Currency, such Loans shall be
continued as Eurocurrency Rate Loans in their original currency with an Interest Period of one
month. Any automatic conversion to Base Rate Loans shall be effective as of the last day of the
Interest Period then in effect with respect to the applicable Eurocurrency Rate Loans. If the
Company requests a Borrowing of, conversion to, or continuation of Eurocurrency Rate Loans in any
such Loan Notice, but fails to specify an Interest Period, it will be deemed to have specified an
Interest Period of one month. No Loan may be converted into or continued as a Loan

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denominated in a different currency, but instead must be prepaid in the original currency of
such Loan and reborrowed in the other currency.

     (b) Following receipt of a Loan Notice, the Administrator shall promptly notify each Lender of
the amount (and currency) of its Applicable Percentage of the Loans, and if no timely notice of a
conversion or continuation is provided by the Company, the Administrator shall notify each Lender
of the details of any automatic conversion to Base Rate Loans or continuation of Loans denominated
in a currency other than Dollars, in each case as described in the preceding subsection. In the
case of a Borrowing, each Lender shall make the amount of its Loan available to the Administrator
in Same Day Funds at the Administrator’s Funding Office for the applicable currency not later than
1:00 p.m., in the case of any Loan denominated in Dollars, and not later than the Applicable Time
specified by the Administrator in the case of any Loan in an Alternative Currency, in each case on
the Business Day specified in the applicable Loan Notice. Upon satisfaction of the applicable
conditions set forth in Section 4.01, the Administrator shall make all funds so received
available to the Company in like funds as received by the Administrator either by (i) crediting the
account of the Borrower on the books of Bank of America with the amount of such funds or (ii) wire
transfer of such funds, in each case in accordance with instructions provided to (and reasonably
acceptable to) the Administrator by the Company.

     (c) Except as otherwise provided herein, a Eurocurrency Rate Loan may be continued or
converted only on the last day of an Interest Period for such Eurocurrency Rate Loan. During the
existence of a Default, no Loans may be requested as, converted to or continued as Eurocurrency
Rate Loans (whether in Dollars or any Alternative Currency) without the consent of the Required
Lenders, and the Required Lenders may demand that any or all of the then outstanding Eurocurrency
Rate Loans denominated in an Alternative Currency be prepaid, or redenominated into Dollars in the
amount of the Dollar Equivalent thereof, on the last day of the then current Interest Period with
respect thereto.

     (d) The Administrator shall promptly notify the Company and the Lenders of the interest rate
applicable to any Interest Period for Eurocurrency Rate Loans upon determination of such interest
rate. At any time that Base Rate Loans are outstanding, the Administrator shall notify the Company
and the Lenders of any change in Bank of America’s prime rate used in determining the Base Rate
promptly following the public announcement of such change.

     (e) After giving effect to the Borrowing, all conversions of Loans from one Type to the other,
and all continuations of Loans as the same Type, there shall not be more than (i) five (5) Interest
Periods in effect with respect to Loans denominated in Dollars and (ii) five (5) Interest Periods
in effect with respect to Loans denominated in Alternative Currencies.

     2.03. [Intentionally Omitted.]

     2.04. [Intentionally Omitted.]

     2.05. Prepayments.

     (a) Optional. The Borrower may, upon notice from the Company to the Administrator, at
any time or from time to time voluntarily prepay Loans in whole or in part

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without premium or penalty; provided that (i) such notice must be received by the
Administrator not later than 11:00 a.m. (A) three Business Days prior to any date of prepayment of
Eurocurrency Rate Loans and (B) on the date of prepayment of Base Rate Loans; (ii) any prepayment
of Eurocurrency Rate Loans denominated in Dollars shall be in a principal amount of $1,000,000 or a
whole multiple of $1,000,000 in excess thereof; (iii) any prepayment of Eurocurrency Rate Loans
denominated in Alternative Currencies shall be in a minimum principal amount of $100,000 or a whole
multiple of $100,000 in excess thereof; and (iv) any prepayment of Base Rate Loans shall be in a
principal amount of $200,000 or a whole multiple of $100,000 in excess thereof or, in each case, if
less, the entire principal amount thereof then outstanding. Each such notice shall specify the
date and amount of such prepayment and the Type(s) of Loans to be prepaid and, if Eurocurrency Rate
Loans are to be prepaid, the Interest Period(s) of such Loans. The Administrator will promptly
notify each Lender of its receipt of each such notice, and of the amount of such Lender’s
Applicable Percentage of such prepayment. If such notice is given by the Company, the Borrower
shall make such prepayment and the payment amount specified in such notice shall be due and payable
on the date specified therein. Any prepayment of a Eurocurrency Rate Loan shall be accompanied by
all accrued interest on the amount prepaid, together with any additional amounts required pursuant
to Section 3.05. Each such prepayment shall be applied to the Loans of the Lenders in
accordance with their respective Applicable Percentages.

     (b) Mandatory. If the Administrator notifies the Company at any time that the
Outstanding Amount of all Loans denominated in Alternative Currencies at such time exceeds an
amount equal to 105% of the Alternative Currency Sublimit then in effect, then, within two Business
Days after receipt of such notice, the Borrower shall prepay Loans (or Cash Collateralize the
amount of such excess) in an aggregate amount sufficient to reduce such Outstanding Amount as of
such date of payment to an amount not to exceed the Alternative Currency Sublimit then in effect.
Each such prepayment shall be applied to the Loans of the Lenders in accordance with their
respective Applicable Percentages. Promptly after any cash collateral provided hereunder shall no
longer be required by this clause (b), such cash collateral shall be returned to the Company.

     (c) Each prepayment shall be made to the Administrator for prompt distribution to each Lender
pro rata based upon its Applicable Percentage.

     (d) Each prepayment of the Loans shall be applied to reduce the payments required by
Section 2.07 in the inverse order of maturity.

     2.06. [Intentionally Omitted.]

     2.07. Repayment of Loans. The Borrower agrees to pay the outstanding principal amount of the
Loans in installments on the dates and in the amounts set forth in the table below (as such
installments may hereafter be adjusted as a result of prepayments made pursuant to this Section),
unless accelerated sooner pursuant to Article VIII:

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	 	 	Percentage of Original Loan
	Payment Date	 	Amount
	March 31, 2009
	 	2.50%
	June 30, 2009
	 	2.50%
	September 30, 2009
	 	2.50%
	December 31, 2009
	 	2.50%
	March 31, 2010
	 	2.50%
	June 30, 2010
	 	2.50%
	September 30, 2010
	 	2.50%
	December 31, 2010
	 	2.50%
	March 31, 2011
	 	2.50%
	June 30, 2011
	 	2.50%
	September 30, 2011
	 	2.50%
	December 31, 2011
	 	2.50%
	March 31, 2012
	 	2.50%
	June 30, 2012
	 	2.50%
	September 30, 2012
	 	2.50%
	Maturity Date
	 	62.50%
	 
	 	(remaining unpaid principal amount)

     2.08. Interest. (a) Subject to the provisions of subsection (b) below, (i) each Eurocurrency
Rate Loan shall bear interest on the outstanding principal amount thereof for each Interest Period
at a rate per annum equal to the Eurocurrency Rate for such Interest Period plus the
Applicable Rate plus (in the case of a Eurocurrency Rate Loan of any Lender which is lent
from a Lending Office in the United Kingdom or a Participating Member State) the Mandatory Cost;
and (ii) each Base Rate Loan shall bear interest on the outstanding principal amount thereof from
the applicable borrowing date at a rate per annum equal to the Base Rate plus the
Applicable Rate.

     (b) (i) If any amount of principal of any Loan is not paid when due (without regard to any
applicable grace periods), whether at stated maturity, by acceleration or otherwise, such amount
shall thereafter bear interest at a fluctuating interest rate per annum at all times equal to the
Default Rate to the fullest extent permitted by applicable Laws.

     (ii) If any amount (other than principal of any Loan) payable by the Borrower under any
Loan Document is not paid when due (without regard to any applicable grace periods), whether
at stated maturity, by acceleration or otherwise, then upon the request of the Required
Lenders, such amount shall thereafter bear interest at a fluctuating interest rate per annum
at all times equal to the Default Rate to the fullest extent permitted by applicable Laws.

     (iii) Upon the request of the Required Lenders, while any Event of Default exists, the
Borrower shall pay interest on the principal amount of all outstanding Obligations hereunder
at a fluctuating interest rate per annum at all times equal to the Default Rate to the
fullest extent permitted by applicable Laws.

     (iv) Accrued and unpaid interest on past due amounts (including interest on past due
interest) shall be due and payable upon demand.

     (c) Interest on each Loan shall be due and payable in arrears on each Interest Payment Date
applicable thereto and at such other times as may be specified herein. Interest

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hereunder shall be due and payable in accordance with the terms hereof before and after
judgment, and before and after the commencement of any proceeding under any Debtor Relief Law.

     2.09. Fees. The Company agrees (i) to pay each of the fees or other amounts required by the
Administrator Fee Letter and the Joint Arrangers Fee Letter, in the amounts and at the times
heretofore agreed to as set forth therein, and (ii) to pay to the Lenders, in Dollars, such fees as
shall have been separately agreed upon in writing in the amounts and at the times so specified.
Such fees shall be fully earned when paid and shall not be refundable for any reason whatsoever..

     2.10. Computation of Interest and Fees. All computations of interest shall be made on the
basis of a 360-day year and actual days elapsed (which results in more fees or interest, as
applicable, being paid than if computed on the basis of a 365-day year), or, in the case of
interest in respect of Loans denominated in Alternative Currencies as to which market practice
differs from the foregoing, in accordance with such market practice. Interest shall accrue on each
Loan for the day on which the Loan is made, and shall not accrue on a Loan, or any portion thereof,
for the day on which the Loan or such portion is paid, provided that any Loan that is
repaid on the same day on which it is made shall, subject to Section 2.12(a), bear interest
for one day. Each determination by the Administrator of an interest rate or fee hereunder shall be
conclusive and binding for all purposes, absent manifest error.

     2.11. Evidence of Debt. The Loans made by each Lender shall be evidenced by one or more
accounts or records maintained by such Lender and by the Administrator in the ordinary course of
business. The accounts or records maintained by the Administrator and each Lender shall be
conclusive absent manifest error of the amount of the Loans made by the Lenders to the Borrower and
the interest and payments thereon. Any failure to so record or any error in doing so shall not,
however, limit or otherwise affect the obligation of the Borrower hereunder to pay any amount owing
with respect to the Obligations. In the event of any conflict between the accounts and records
maintained by any Lender and the accounts and records of the Administrator in respect of such
matters, the accounts and records of the Administrator shall control in the absence of manifest
error. Upon the request of any Lender to the Borrower made through the Administrator, the Borrower
shall execute and deliver to such Lender (through the Administrator) a Note, which shall evidence
such Lender’s Loans to the Borrower in addition to such accounts or records. Each Lender may
attach schedules to a Note and endorse thereon the date, Type (if applicable), amount, currency and
maturity of its Loans and payments with respect thereto.

     2.12. Payments Generally; Administrator’s Clawback. (a) General. All payments to be
made by the Borrower shall be made without condition or deduction for any counterclaim, defense,
recoupment or setoff. Except as otherwise expressly provided herein and except with respect to
principal of and interest on Loans denominated in an Alternative Currency, all payments by the
Borrower hereunder shall be made to the Administrator (unless such payment is in respect of any
fees payable by the Borrower to either of the Co-Administrative Agents, in which case such payment
shall be made directly to such Co-Administrative Agent) for the account of the respective Lenders
to which such payment is owed, at the Administrator’s Funding Office (or with respect to such
Co-Administrative Agent, at such office as notified to the Borrower by it) in Dollars and in Same
Day Funds not later than 2:00 p.m. on the date

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specified herein. Except as otherwise expressly provided herein, all payments by the Borrower
hereunder with respect to principal and interest on Loans denominated in an Alternative Currency
shall be made to the Administrator, for the account of the respective Lenders to which such payment
is owed, at the applicable Administrator’s Funding Office in such Alternative Currency and in Same
Day Funds not later than the Applicable Time specified by the Administrator on the dates specified
herein. Without limiting the generality of the foregoing, the Administrator may require that any
payments due under this Agreement be made in the United States. If, for any reason, the Borrower
is prohibited by any Law from making any required payment hereunder in an Alternative Currency, the
Borrower shall make such payment in Dollars in the Dollar Equivalent of the Alternative Currency
payment amount. The Administrator will promptly distribute to each Lender its Applicable
Percentage (or other applicable share as provided herein) of such payment in like funds as received
by wire transfer to such Lender’s Lending Office. All payments received by the Administrator
(i) after 2:00 p.m., in the case of payments in Dollars, or (ii) after the Applicable Time
specified by the Administrator in the case of payments in an Alternative Currency, shall in each
case be deemed received on the next succeeding Business Day and any applicable interest or fee
shall continue to accrue. If any payment to be made by the Borrower shall come due on a day other
than a Business Day, payment shall be made on the next following Business Day, and such extension
of time shall be reflected in computing interest or fees, as the case may be.

     (b) (i) Funding by Lenders; Presumption by Administrator. Unless the Administrator
shall have received notice from a Lender prior to the proposed date of any Borrowing of
Eurocurrency Rate Loans (or, in the case of any Borrowing of Base Rate Loans, prior to 12:00 noon
on the date of such Borrowing) that such Lender will not make available to the Administrator such
Lender’s share of such Borrowing, the Administrator may assume that such Lender has made such share
available on such date in accordance with Section 2.02 (or, in the case of a Borrowing of
Base Rate Loans, that such Lender has made such share available in accordance with and at the time
required by Section 2.02) and may, in reliance upon such assumption, make available to the
Borrower a corresponding amount. In such event, if a Lender has not in fact made its share of the
applicable Borrowing available to the Administrator, then the applicable Lender and the Borrower
severally agree to pay to the Administrator forthwith on demand such corresponding amount in Same
Day Funds with interest thereon, for each day from and including the date such amount is made
available to the Borrower to but excluding the date of payment to the Administrator, at (A) in the
case of a payment to be made by such Lender, the Overnight Rate, plus any administrative,
processing or similar fees customarily charged by the Administrator in connection with the
foregoing, and (B) in the case of a payment to be made by the Borrower, the interest rate
applicable to Base Rate Loans. If the Borrower and such Lender shall pay such interest to the
Administrator for the same or an overlapping period, the Administrator shall promptly remit to the
Borrower the amount of such interest paid by the Borrower for such period. If such Lender pays its
share of the applicable Borrowing to the Administrator, then the amount so paid shall constitute
such Lender’s Loan included in such Borrowing. Any payment by the Borrower shall be without
prejudice to any claim the Borrower may have against a Lender that shall have failed to make such
payment to the Administrator.

     (ii) Payments by the Borrower; Presumptions by Administrator. Unless the
Administrator shall have received notice from the Borrower prior to the date on which any
payment is due to the Administrator for the account of the Lenders hereunder that the

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Borrower will not make such payment, the Administrator may assume that the Borrower has
made such payment on such date in accordance herewith and may, in reliance upon such
assumption, distribute to the Lenders the amount due. In such event, if the Borrower has
not in fact made such payment, then each of the Lenders severally agrees to repay to the
Administrator forthwith on demand the amount so distributed to such Lender, in Same Day
Funds with interest thereon, for each day from and including the date such amount is
distributed to it to but excluding the date of payment to the Administrator, at the
Overnight Rate.

A notice of the Administrator to any Lender or Borrower with respect to any amount owing under this
subsection (b) shall be conclusive, absent manifest error.

     (c) [Intentionally Omitted.]

     (d) Obligations of Lenders Several. The obligations of the Lenders hereunder to make
Loans and to make payments pursuant to Section 10.04(c) are several and not joint. The
failure of any Lender to make any Loan or to make any payment under Section 10.04(c) on any
date required hereunder shall not relieve any other Lender of its corresponding obligation to do so
on such date, and no Lender shall be responsible for the failure of any other Lender to so make its
Loan or to make its payment under Section 10.04(c).

     (e) Funding Source. Nothing herein shall be deemed to obligate any Lender to obtain
the funds for any Loan in any particular place or manner or to constitute a representation by any
Lender that it has obtained or will obtain the funds for any Loan in any particular place or
manner.

     (f) Application of Payments. Subject to Section 8.03, any partial payment of
the Obligations under or in respect of any Loan shall be applied by the Lender holding such Loan
(i) first, to the payment of all of the interest which shall be due and payable on the principal of
such Loan at the time of such partial payment, (ii) then, to the payment of all (if any) other
amounts (except principal) due and payable under such Loan at such time, and (iii) finally, to the
payment of principal of such Loan.

     2.13. Sharing of Payments by Lenders. If any Lender shall, by exercising any right of setoff
or counterclaim or otherwise, obtain payment in respect of any principal of, or interest on, any of
the Loans made by it resulting in such Lender’s receiving payment of a proportion of the aggregate
amount of such Loans and accrued interest thereon greater than its pro rata share thereof as
provided herein, then the Lender receiving such greater proportion shall (a) notify the
Administrator of such fact, and (b) purchase (for cash at face value) participations in the Loans
of the other Lenders, or make such other adjustments as shall be equitable, so that the benefit of
all such payments shall be shared by the Lenders ratably in accordance with the aggregate amount of
principal of and accrued interest on their respective Loans and other amounts owing them,
provided that:

     (i) if any such participations or subparticipations are purchased and all or any
portion of the payment giving rise thereto is recovered, such participations or

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subparticipations shall be rescinded and the purchase price restored to the extent of
such recovery, without interest; and

     (ii) the provisions of this Section shall not be construed to apply to (x) any payment
made by the Borrower pursuant to, and in accordance with, the express terms of this
Agreement or (y) any payment obtained by a Lender as consideration for the assignment of, or
sale of, a participation in any of its Loans to any assignee or participant, other than to
the Company or any Subsidiary thereof (as to which the provisions of this Section shall
apply).

The Borrower consents to the foregoing and agrees, to the extent it may effectively do so under
applicable law, that any Lender acquiring a participation pursuant to the foregoing arrangements
may exercise against the Borrower rights of setoff and counterclaim with respect to such
participation as fully as if such Lender were a direct creditor of the Borrower in the amount of
such participation.

     2.14. [Intentionally Omitted.]

     2.15. Incremental Term Loans.

     (a) Request for Increase. Provided there exists no Default and subject to pro forma
compliance with all covenants set forth herein, upon notice to the Administrator (which shall
promptly notify the Lenders), the Company may request, from time to time, an uncommitted
incremental term loan (an “Incremental Term Loan”) by an amount (for all such requests) not
exceeding $50,000,000; provided, that (i) any such request for an increase shall be in a
minimum amount of $10,000,000, and (ii) the Company may make a maximum of two (2) such requests
pursuant to this Section 2.15(a). At the time of sending such notice, the Company (in
consultation with the Administrator) shall specify the time period within which each Lender is
requested to respond (which shall in no event be less than ten (10) Business Days from the date of
delivery of such notice to the Lenders).

     (b) Lender Elections to Increase. Each Lender shall notify the Administrator within
such time period whether or not it agrees to make an Incremental Term Loan and, if so, the amount
of its commitment of such requested Incremental Term Loan. Any Lender not responding within such
time period shall be deemed to have declined to make such Loan.

     (c) Notification by Administrator; Additional Lenders. The Administrator shall notify
the Company and each Lender of the Lenders’ responses to each request made hereunder. To achieve
the full amount of a requested increase and subject to the approval of each Co-Administrative Agent
(which approvals shall not be unreasonably withheld), the Company may also invite additional
Eligible Assignees to become Lenders pursuant to a joinder agreement in form and substance
satisfactory to each Co-Administrative Agent and their respective counsel.

     (d) Increase Effective Date and Allocations. If an Incremental Term Loan is made in
accordance with this Section, the Administrator and the Company shall determine the effective date
(the “Increase Effective Date”) and the final allocation of such increase. The
Administrator shall promptly notify the Company and the Lenders of the final allocation of such
increase and the Increase Effective Date.

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     (e) Terms of the Incremental Term Loans. The amortization of each Incremental Term
Loan shall be consistent on a ratable basis (as described below) with the amortization provided for
in Section 2.07 and each Incremental Term Loan shall be pari passu with the existing Loans
with respect to payment rights. In the event that the pricing for any Incremental Term Loan
(inclusive of upfront fees and original issue discount) is greater than the pricing (inclusive of
upfront fees and original issue discount) for the Original Loans, then the Applicable Rate with
respect to the Original Loans shall be increased to the extent necessary such that the pricing for
the Original Loans is equal to the pricing of such Incremental Term Loan. This Agreement shall be
supplemented to give effect to each Incremental Term Loan by documentation executed by the Lender
or Lenders providing the commitments with respect to such Incremental Term Loan, the
Co-Administrative Agents and the Company (and without any required consent of any other Lender);
provided, that no change other than those changes contemplated above or reasonably
incidental thereto shall occur as a result of the Company’s request for an Incremental Term Loan
(including no change with respect to representations and warranties, covenants and events of
default), without the consent of the Company and the Required Lenders. For purposes of this
section, “ratable basis” shall mean that the principal payments of the Incremental Term Loan
required to be paid on each amortization date shall be consistent with the percentages of the
remaining amortization payments of the existing term loan (relative to the then outstanding
principal amount of the existing term loan) falling due on such date.

     (f) Conditions to Effectiveness of Increase. As a condition precedent to such
increase, the Company shall deliver to the Administrator a certificate of each Loan Party dated as
of the Increase Effective Date (in sufficient copies for each Lender) signed by a Responsible
Officer of such Loan Party (i) certifying and attaching the resolutions adopted by such Loan Party
approving or consenting to such increase, and (ii) in the case of the Company, certifying that,
before and after giving effect to such increase, (A) the representations and warranties contained
in Article V and the other Loan Documents are true and correct on and as of the Increase
Effective Date, except to the extent that such representations and warranties specifically refer to
an earlier date, in which case they are true and correct as of such earlier date, and except that
for purposes of this Section 2.15, the representations and warranties contained in
subsections (a) and (b) of Section 5.07 shall be deemed to refer to the most recent
statements furnished pursuant to Section 6.01, and (B) no Default exists.

     (g) Conflicting Provisions. This Section shall supersede any provisions in
Section 2.13 or 10.01 to the contrary.

     2.16. Collateral and Guaranties.

     (a) Collateral. The Loans and the other Obligations shall be secured by valid, first
priority perfected and enforceable Liens in favor of the Collateral Agent, for the benefit of the
Secured Parties, in all right, title and interest of each Loan Party in all of their personal
property and all products and proceeds of the foregoing, as more fully described in the Collateral
Documents; provided, however, that, with respect to Foreign Subsidiaries, Liens
shall only be granted on 66% of the issued and outstanding Equity Interests of any Foreign
Subsidiary the immediate corporate parent of which is the Company or a Domestic Subsidiary. The
Liens in the

-34-

 

Collateral shall be granted to the Collateral Agent for the benefit of the Secured Parties and
shall be valid and perfected first priority Liens subject to the terms of the Intercreditor
Agreement.

     (b) Guarantees. Payment of the Loans and the other Obligations shall be
unconditionally guaranteed by each Domestic Subsidiary Guarantor pursuant to a written Domestic
Subsidiary Guarantee, executed by such Loan Party.

     (c) Further Assurances. The Borrower covenants and agrees that it shall, and the
Company agrees that it shall cause each other Loan Party to, comply with all terms and conditions
of each of the Collateral Documents, the Domestic Subsidiary Guarantee to which it is a party and
that the Borrower shall, and the Company agrees that it shall cause each other Loan Party to, at
any time and from time to time at the request of the Co-Administrative Agents, the Collateral Agent
or the Required Lenders execute and deliver such instruments and documents and do such acts and
things as the Co-Administrative Agents, the Collateral Agent or the Required Lenders may reasonably
request in order to provide for or protect or perfect the Lien of the Collateral Agent in the
Collateral, subject to the terms of Section 2.16(a) above.

ARTICLE III.

TAXES, YIELD PROTECTION AND ILLEGALITY

     3.01. Taxes.

     (a) Payments Free of Taxes; Obligation to Withhold; Payments on Account of Taxes. (i)
Any and all payments by or on account of any obligation of the Borrower hereunder or under any
other Loan Document shall to the extent permitted by applicable Laws be made free and clear of, and
without reduction or withholding for, any Taxes. If, however, applicable Laws require the Borrower
or the Administrator to withhold or deduct any Tax, such Tax shall be withheld or deducted in
accordance with such Laws as determined by the Borrower or the Administrator, as the case may be,
upon the basis of the information and documentation to be delivered pursuant to subsection (e)
below.

     (ii) If the Borrower or the Administrator shall be required by the Code to withhold or
deduct any Taxes, including both United States Federal backup withholding and withholding
taxes, from any payment, then (A) the Administrator shall withhold or make such deductions
as are determined by the Administrator to be required based upon the information and
documentation it has received pursuant to subsection (e) below, (B) the Administrator shall
timely pay the full amount withheld or deducted to the relevant Governmental Authority in
accordance with the Code, and (C) to the extent that the withholding or deduction is made on
account of Indemnified Taxes or Other Taxes, the sum payable by the Borrower shall be
increased as necessary so that after any required withholding or the making of all required
deductions (including deductions applicable to additional sums payable under this Section)
the Administrator or Lender, as the case may be, receives an amount equal to the sum it
would have received had no such withholding or deduction been made.

     (iii) If the Borrower or the Administrator shall be required by any applicable Laws
other than the Code to withhold or deduct any Taxes from any payment, then (A)

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the Borrower or the Administrator, as required by such Laws, shall withhold or make
such deductions as are determined by it to be required based upon the information and
documentation it has received pursuant to subsection (e) below, (B) the Borrower or the
Administrator, to the extent required by such Laws, shall timely pay the full amount so
withheld or deducted by it to the relevant Governmental Authority in accordance with such
Laws, and (C) to the extent that the withholding or deduction is made on account of
Indemnified Taxes or Other Taxes, the sum payable by the Borrower shall be increased as
necessary so that after any required withholding or the making of all required deductions
(including deductions applicable to additional sums payable under this Section) the
Administrator or Lender, as the case may be, receives an amount equal to the sum it would
have received had no such withholding or deduction been made.

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

     (c) Tax Indemnifications. (i) Without limiting the provisions of subsection (a) or
(b) above, the Borrower shall, and does hereby, indemnify the Administrator and each Lender, and
shall make payment in respect thereof within 10 days after demand therefor, for the full amount of
any Indemnified Taxes or Other Taxes (including Indemnified Taxes or Other Taxes imposed or
asserted on, or attributable to, amounts payable under this Section) withheld or deducted by the
Borrower or the Administrator or paid by the Administrator or such Lender, as the case may be, and
any penalties, interest and reasonable expenses arising therefrom or with respect thereto, whether
or not such Indemnified Taxes or Other Taxes were correctly or legally imposed or asserted by the
relevant Governmental Authority. The Borrower shall also, and does hereby indemnify, the
Administrator, and shall make payment in respect thereof within 10 days after demand therefor, for
any amount which a Lender for any reason fails to pay indefeasibly to the Administrator as required
by clause (ii) of this subsection. A certificate as to the amount of any such payment or liability
delivered to the Borrower by a Lender (with a copy to the Administrator), or by the Administrator
on its own behalf or on behalf of a Lender, shall be conclusive absent manifest error.

     (ii) Without limiting the provisions of subsection (a) or (b) above, each Lender shall,
and does hereby, indemnify the Borrower and the Administrator, and shall make payment in
respect thereof within 10 days after demand therefor, against any and all Taxes and any and
all related losses, claims, liabilities, penalties, interest and expenses (including the
fees, charges and disbursements of any counsel for the Borrower or the Administrator)
incurred by or asserted against the Borrower or the Administrator by any Governmental
Authority as a result of the failure by such Lender to deliver, or as a result of the
inaccuracy, inadequacy or deficiency of, any documentation required to be delivered by such
Lender to the Borrower or the Administrator pursuant to subsection (e). Each Lender hereby
authorizes the Administrator to set off and apply any and all amounts at any time owing to
such Lender under this Agreement or any other Loan Document against any amount due to the
Administrator under this clause (ii). The agreements in this clause (ii) shall survive the
resignation and/or replacement of the Administrator, any assignment of rights by, or the
replacement of, a Lender, and the repayment, satisfaction or discharge of all other
Obligations.

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     (d) Evidence of Payments. Upon request by the Borrower or the Administrator, as the
case may be, after any payment of Taxes by the Borrower or by the Administrator to a Governmental
Authority as provided in this Section 3.01, the Borrower shall deliver to the Administrator
or the Administrator shall deliver to the Borrower, as the case may be, the original or a certified
copy of a receipt issued by such Governmental Authority evidencing such payment, a copy of any
return required by Laws to report such payment or other evidence of such payment reasonably
satisfactory to the Borrower or the Administrator, as the case may be.

     (e) Status of Lenders; Tax Documentation. (i) Each Lender shall deliver to the
Company and to the Administrator, at the time or times prescribed by applicable Laws or when
reasonably requested by the Company or the Administrator, such properly completed and executed
documentation prescribed by applicable Laws or by the taxing authorities of any jurisdiction and
such other reasonably requested information as will permit the Company or the Administrator, as the
case may be, to determine (A) whether or not payments made by the Borrower hereunder or under any
other Loan Document are subject to Taxes, (B) if applicable, the required rate of withholding or
deduction, and (C) such Lender’s entitlement to any available exemption from, or reduction of,
applicable Taxes in respect of all payments to be made to such Lender by the Borrower pursuant to
this Agreement or otherwise to establish such Lender’s status for withholding tax purposes in the
applicable jurisdictions.

     (ii) Without limiting the generality of the foregoing, if the Borrower is resident for
tax purposes in the United States,

     (A) any Lender that is a “United States person” within the meaning of Section
7701(a)(30) of the Code shall deliver to the Company and the Administrator executed
originals of Internal Revenue Service Form W-9 or such other documentation or
information prescribed by applicable Laws or reasonably requested by the Company on
behalf of the Borrower or the Administrator as will enable the Borrower or the
Administrator, as the case may be, to determine whether or not such Lender is
subject to backup withholding or information reporting requirements; and

     (B) each Foreign Lender that is entitled under the Code or any applicable
treaty to an exemption from or reduction of withholding tax with respect to payments
hereunder or under any other Loan Document shall deliver to the Company and the
Administrator (in such number of copies as shall be requested by the recipient) on
or prior to the date on which such Foreign Lender becomes a Lender under this
Agreement (and from time to time thereafter upon the request of the Company on
behalf of the Borrower or the Administrator, but only if such Foreign Lender is
legally entitled to do so), whichever of the following is applicable:

     (I) executed originals of Internal Revenue Service Form W-8BEN claiming
eligibility for benefits of an income tax treaty to which the United States
is a party,

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     (II) executed originals of Internal Revenue Service Form W-8ECI,

     (III) executed originals of Internal Revenue Service Form W-8IMY and
all required supporting documentation,

     (IV) in the case of a Foreign Lender claiming the benefits of the
exemption for portfolio interest under section 881(c) of the Code, (x) a
certificate to the effect that such Foreign Lender is not (A) a “bank”
within the meaning of section 881(c)(3)(A) of the Code, (B) a “10 percent
shareholder” of the Borrower within the meaning of section 881(c)(3)(B) of
the Code, or (C) a “controlled foreign corporation” described in section
881(c)(3)(C) of the Code and (y) executed originals of Internal Revenue
Service Form W-8BEN, or

     (V) executed originals of any other form prescribed by applicable Laws
as a basis for claiming exemption from or a reduction in United States
Federal withholding tax together with such supplementary documentation as
may be prescribed by applicable Laws to permit the Borrower or the
Administrator to determine the withholding or deduction required to be made.

     (iii) Each Lender shall promptly (A) notify the Company and the Administrator of any
change in circumstances which would modify or render invalid any claimed exemption or
reduction, and (B) take such steps as shall not be materially disadvantageous to it, in the
reasonable judgment of such Lender, and as may be reasonably necessary (including the
re-designation of its Lending Office) to avoid any requirement of applicable Laws of any
jurisdiction that the Borrower or the Administrator make any withholding or deduction for
taxes from amounts payable to such Lender.

     (iv) The Borrower shall promptly deliver to the Administrator or any Lender, as the
Administrator or such Lender shall reasonably request, on or prior to the Closing Date, and
in a timely fashion thereafter, such documents and forms required by any relevant taxing
authorities under the Laws of any jurisdiction, duly executed and completed by the Borrower,
as are required to be furnished by such Lender or the Administrator under such Laws in
connection with any payment by the Administrator or any Lender of Taxes or Other Taxes, or
otherwise in connection with the Loan Documents, with respect to such jurisdiction.

     (f) Treatment of Certain Refunds. Unless required by applicable Laws, at no time
shall the Administrator have any obligation to file for or otherwise pursue on behalf of a Lender,
or have any obligation to pay to any Lender, any refund of Taxes withheld or deducted from funds
paid for the account of such Lender. If the Administrator or any Lender determines, in its sole
discretion, that it has received a refund of any Taxes or Other Taxes as to which it has been
indemnified by the Borrower or with respect to which the Borrower has paid additional amounts
pursuant to this Section, it shall pay to the Borrower an amount equal to such refund (but only to
the extent of indemnity payments made, or additional amounts paid, by the Borrower under this

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Section with respect to the Taxes or Other Taxes giving rise to such refund), net of all
out-of-pocket expenses and net of any loss or gain realized in the conversion of such funds from or
to another currency incurred by the Administrator or such Lender, as the case may be, and without
interest (other than any interest paid by the relevant Governmental Authority with respect to such
refund), provided that the Borrower, upon the request of the Administrator or such Lender,
agrees to repay the amount paid over to the Borrower (plus any penalties, interest or other charges
imposed by the relevant Governmental Authority) to the Administrator or such Lender in the event
the Administrator or such Lender is required to repay such refund to such Governmental Authority.
This subsection shall not be construed to require the Administrator or any Lender to make available
its tax returns (or any other information relating to its taxes that it deems confidential) to the
Borrower or any other Person.

     3.02. Illegality. If any Lender determines that any Law has made it unlawful, or that any
Governmental Authority has asserted that it is unlawful, for any Lender or its applicable Lending
Office to make, maintain or fund Eurocurrency Rate Loans (whether denominated in Dollars or an
Alternative Currency), or to determine or charge interest rates based upon the Eurocurrency Rate,
or any Governmental Authority has imposed material restrictions on the authority of such Lender to
purchase or sell, or to take deposits of, Dollars or any Alternative Currency in the applicable
interbank market, then, on notice thereof by such Lender to the Company through the Administrator,
any obligation of such Lender to make or continue Eurocurrency Rate Loans in the affected currency
or currencies or, in the case of Eurocurrency Rate Loans in Dollars, to convert Base Rate Loans to
Eurocurrency Rate Loans, shall be suspended until such Lender notifies the Administrator and the
Company that the circumstances giving rise to such determination no longer exist. Upon receipt of
such notice, the Borrower shall, upon demand from such Lender (with a copy to the Administrator),
prepay or, if applicable and such Loans are denominated in Dollars, convert all such Eurocurrency
Rate Loans of such Lender to Base Rate Loans, either on the last day of the Interest Period
therefor, if such Lender may lawfully continue to maintain such Eurocurrency Rate Loans to such
day, or immediately, if such Lender may not lawfully continue to maintain such Eurocurrency Rate
Loans. Upon any such prepayment or conversion, the Borrower shall also pay accrued interest on the
amount so prepaid or converted.

     3.03. Inability to Determine Rates. If the Required Lenders determine that for any reason in
connection with any request for a Eurocurrency Rate Loan or a conversion to or continuation thereof
that (a) deposits (whether in Dollars or an Alternative Currency) are not being offered to banks in
the applicable offshore interbank market for such currency for the applicable amount and Interest
Period of such Eurocurrency Rate Loan, (b) adequate and reasonable means do not exist for
determining the Eurocurrency Rate for any requested Interest Period with respect to a proposed
Eurocurrency Rate Loan (whether denominated in Dollars or an Alternative Currency), or (c) the
Eurocurrency Rate for any requested Interest Period with respect to a proposed Eurocurrency Rate
Loan does not adequately and fairly reflect the cost to such Lenders of funding such Eurocurrency
Rate Loan, the Administrator will promptly so notify the Company and each Lender. Thereafter, the
obligation of the Lenders to make or maintain Eurocurrency Rate Loans in the affected currency or
currencies shall be suspended until the Administrator (upon the instruction of the Required
Lenders) revokes such notice. Upon receipt of such notice, the Company may revoke any pending
request for a Borrowing of, conversion to or continuation of Eurocurrency Rate Loans in the
affected currency or currencies or, failing that,

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will be deemed to have converted such request into a request for a Borrowing of Base Rate
Loans in the amount specified therein.

     3.04. Increased Costs; Reserves on Eurocurrency Rate Loans.

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

     (i) impose, modify or deem applicable any reserve, special deposit, compulsory loan,
insurance charge or similar requirement against assets of, deposits with or for the account
of, or credit extended or participated in by, any Lender (except (A) any reserve requirement
contemplated by Section 3.04(e) and (B) the requirements of the Bank of England and
the Financial Services Authority or the European Central Bank reflected in the Mandatory
Cost, other than as set forth below);

     (ii) subject any Lender to any tax of any kind whatsoever with respect to this
Agreement or any Eurocurrency Rate Loan made by it, or change the basis of taxation of
payments to such Lender in respect thereof (except for Indemnified Taxes or Other Taxes
covered by Section 3.01 and the imposition of, or any change in the rate of, any
Excluded Tax payable by such Lender);

     (iii) result in the failure of the Mandatory Cost, as calculated hereunder, to
represent the cost to any Lender of complying with the requirements of the Bank of England
and/or the Financial Services Authority or the European Central Bank in relation to its
making, funding or maintaining Eurocurrency Rate Loans; or

     (iv) impose on any Lender or the London interbank market any other condition, cost or
expense affecting this Agreement or Eurocurrency Rate Loans made by such Lender;

and the result of any of the foregoing shall be to increase the cost to such Lender of making or
maintaining any Eurocurrency Rate Loan (or of maintaining its obligation to make any such Loan), or
to reduce the amount of any sum received or receivable by such Lender hereunder (whether of
principal, interest or any other amount) then, upon request of such Lender, the Company will pay to
such Lender such additional amount or amounts as will compensate such Lender for such additional
costs incurred or reduction suffered.

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

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

     (d) Delay in Requests. Failure or delay on the part of any Lender to demand
compensation pursuant to the foregoing provisions of this Section shall not constitute a waiver of
such Lender’s right to demand such compensation, provided that no Borrower shall be
required to compensate a Lender pursuant to the foregoing provisions of this Section for any
increased costs incurred or reductions suffered more than six months prior to the date that such
Lender notifies the Company of the Change in Law giving rise to such increased costs or reductions
and of such Lender’s intention to claim compensation therefor (except that, if the Change in Law
giving rise to such increased costs or reductions is retroactive, then the six-month period
referred to above shall be extended to include the period of retroactive effect thereof).

     (e) Additional Reserve Requirements. The Company shall pay to each Lender, (i) as
long as such Lender shall be required to maintain reserves with respect to liabilities or assets
consisting of or including Eurocurrency funds or deposits (currently known as “Eurocurrency
liabilities”), additional interest on the unpaid principal amount of each Eurocurrency Rate Loan
equal to the actual costs of such reserves allocated to such Loan by such Lender (as determined by
such Lender in good faith, which determination shall be conclusive), and (ii) as long as such
Lender shall be required to comply with any reserve ratio requirement or analogous requirement of
any other central banking or financial regulatory authority imposed in respect of the funding of
the Eurocurrency Rate Loans, such additional costs (expressed as a percentage per annum and rounded
upwards, if necessary, to the nearest five decimal places) equal to the actual costs allocated to
such Loan by such Lender (as determined by such Lender in good faith, which determination shall be
conclusive), which in each case shall be due and payable on each date on which interest is payable
on such Loan, provided the Company shall have received at least 10 days’ prior notice (with
a copy to the Administrator) of such additional interest or costs from such Lender. If a Lender
fails to give notice 10 days prior to the relevant Interest Payment Date, such additional interest
or costs shall be due and payable 10 days from receipt of such notice.

     3.05. Compensation for Losses. Upon demand of any Lender (with a copy to the Administrator)
from time to time, the Company shall promptly compensate such Lender for and hold such Lender
harmless from any loss, cost or expense incurred by it as a result of:

     (a) any continuation, conversion, payment or prepayment of any Loan other than a Base Rate
Loan on a day other than the last day of the Interest Period for such Loan (whether voluntary,
mandatory, automatic, by reason of acceleration, or otherwise);

     (b) any failure by the Borrower (for a reason other than the failure of such Lender to make a
Loan) to prepay, borrow, continue or convert any Loan other than a Base Rate Loan on the date or in
the amount notified by the Company;

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     (c) any failure by the Borrower to make payment of any Loan (or interest due thereon)
denominated in an Alternative Currency on its scheduled due date or any payment thereof in a
different currency; or

     (d) any assignment of a Eurocurrency Rate Loan on a day other than the last day of the
Interest Period therefor as a result of a request by the Company pursuant to Section 10.13;

including any loss of anticipated profits, any foreign exchange losses and any loss or expense
arising from the liquidation or reemployment of funds obtained by it to maintain such Loan, from
fees payable to terminate the deposits from which such funds were obtained or from the performance
of any foreign exchange contract. The Company shall also pay any customary administrative fees
charged by such Lender in connection with the foregoing.

For purposes of calculating amounts payable by the Company to the Lenders under this Section
3.05, each Lender shall be deemed to have funded each Eurocurrency Rate Loan made by it at the
Eurocurrency Rate for such Loan by a matching deposit or other borrowing in the offshore interbank
market for such currency for a comparable amount and for a comparable period, whether or not such
Eurocurrency Rate Loan was in fact so funded.

     3.06. Mitigation Obligations; Replacement of Lenders.

     (a) Designation of a Different Lending Office. If any Lender requests compensation
under Section 3.04, or the Borrower is required to pay any additional amount to any Lender
or any Governmental Authority for the account of any Lender pursuant to Section 3.01, or if
any Lender gives a notice pursuant to Section 3.02, then such Lender shall, as applicable,
use reasonable efforts to designate a different Lending Office for funding or booking its Loans
hereunder or to assign its rights and obligations hereunder to another of its offices, branches or
affiliates, if, in the judgment of such Lender, such designation or assignment (i) would eliminate
or reduce amounts payable pursuant to Section 3.01 or 3.04, as the case may be, in
the future, or eliminate the need for the notice pursuant to Section 3.02, as applicable,
and (ii) in each case, would not subject such Lender, as the case may be, to any unreimbursed cost
or expense and would not otherwise be disadvantageous to such Lender. The Company hereby agrees to
pay all reasonable costs and expenses incurred by any Lender in connection with any such
designation or assignment.

     (b) Replacement of Lenders. If (i) any Lender determines that it is unlawful for such
Lender (but not for the other Lenders generally) to make, maintain or fund Eurocurrency Rate Loans,
or to determine or charge interest rates based upon the Eurocurrency Rate, in each case as set
forth in Section 3.02, (ii) any Lender requests compensation under Section 3.04, or
(iii) the Borrower is required to pay any additional amount to any Lender or any Governmental
Authority for the account of any Lender pursuant to Section 3.01, the Company may replace
such Lender in accordance with Section 10.13.

     3.07. Survival. All of the Borrower’s obligations under this Article III shall
survive repayment of all Obligations hereunder, and resignation of the Administrator.

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ARTICLE IV.

CONDITIONS TO AMENDMENT AND RESTATEMENT

     4.01. Conditions of Amendment and Restatement. The effectiveness of this amendment and
restatement of the Original Credit Agreement is subject to satisfaction of the following conditions
precedent:

     (a) The Co-Administrative Agents’ receipt of the following, each of which shall be originals
or electronically transmitted copies (followed promptly by originals) unless otherwise specified,
each properly executed by a Responsible Officer of the signing Loan Party, each dated the Closing
Date (or, in the case of certificates of governmental officials, a recent date before the Closing
Date) and each in form and substance reasonably satisfactory to each Co-Administrative Agent and
each of the Lenders:

     (i) executed counterparts of this Agreement and the Domestic Subsidiary Guarantee,
sufficient in number for distribution to each Co-Administrative Agent, each Lender and the
Company;

     (ii) Notes executed by the Borrower in favor of each Lender requesting Notes;

     (iii) each other Loan Document duly executed by each Loan Party, together with:

     (A) proper financing statements in form appropriate for filing under the
Uniform Commercial Code of all jurisdictions that the Collateral Agent may deem
necessary or desirable in order to perfect the Liens created under the Security
Agreement, covering the Collateral described therein,

     (B) evidence of the completion and/or preparation of all other actions,
recordings and filings of or with respect to the Collateral Documents that the
Collateral Agent may deem necessary or desirable in order to perfect the Liens
created thereby (including receipt of duly executed payoff letters and UCC-3
termination statements), and

     (C) certificates representing the Pledged Stock Collateral accompanied by
undated stock powers executed in blank and instruments evidencing the Pledged Debt
indorsed in blank.

     (iv) such certificates of resolutions or other action, incumbency certificates and/or
other certificates of Responsible Officers of each Loan Party as each Co-Administrative
Agent may require evidencing the identity, authority and capacity of each Responsible
Officer thereof authorized to act as a Responsible Officer in connection with this Agreement
and the other Loan Documents to which such Loan Party is a party;

     (v) such documents and certifications as each Co-Administrative Agent may reasonably
require to evidence that each Loan Party is duly organized or formed, and that each of the
Company and each other Loan Party is validly existing, in good standing (where such concept
is applicable) and qualified to engage in business in each

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jurisdiction where its ownership, lease or operation of properties or the conduct of
its business requires such qualification, except to the extent that failure to do so could
not reasonably be expected to have a Material Adverse Effect;

     (vi) a favorable opinion of Murtha Cullina, LLP, counsel to the Loan Parties, addressed
to the Collateral Agent, the Administrator, each Co-Administrative Agent and each Lender, in
form and substance reasonably satisfactory to such addressees, and as to such matters
concerning the Loan Parties and the Loan Documents as the Required Lenders may reasonably
request;

     (vii) a favorable opinion of Eversheds LLP, local counsel to Kaman UK Holdings Limited
in the United Kingdom, addressed to the Collateral Agent, the Administrator, each
Co-Administrative Agent and each Lender, in form and substance reasonably satisfactory to
such addressees, and as to such matters concerning the Loan Parties and the Loan Documents
as the Required Lenders may reasonably request;

     (viii) a favorable opinion of Ms. Candace Clark, in-house counsel to the Loan Parties,
addressed to the Collateral Agent, the Administrator, each Co-Administrative Agent and each
Lender, in form and substance reasonably satisfactory to such addressees, and as to such
matters concerning the Loan Parties and the Loan Documents as the Required Lenders may
reasonably request;

     (ix) a certificate of a Responsible Officer of each Loan Party either (A) attaching
copies of all consents, licenses and approvals required in connection with the execution,
delivery and performance by such Loan Party and the validity against such Loan Party of the
Loan Documents to which it is a party, and such consents, licenses and approvals shall be in
full force and effect, or (B) stating that no such consents, licenses or approvals are so
required;

     (x) a certificate signed by a Responsible Officer of the Company certifying (A) that
the conditions specified in Sections 4.01(e) and (f) have been satisfied,
and (B) that there has been no event or circumstance since the date of the Audited Financial
Statements that has had or could be reasonably expected to have, either individually or in
the aggregate, a Material Adverse Effect;

     (xi) a certificate attesting to the Solvency of the Company, individually, and the Loan
Parties, taken as a whole, on a consolidated basis, in each case before and after giving
effect to the transactions contemplated hereunder, from the Company’s chief financial
officer;

     (xii) evidence that all insurance required to be maintained pursuant to the Loan
Documents has been obtained and is in effect, together with the certificates of insurance
and corresponding endorsements, naming the Collateral Agent, on behalf of the Secured
Parties, as an additional insured or loss payee, as the case may be, under all insurance
policies maintained with respect to the assets and properties of the Loan Parties that
constitute Collateral;

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     (xiii) evidence that the Revolving Credit Agreement shall be effective on terms
satisfactory to the Co-Administrative Agents, the Lenders and the Borrower;

     (xiv) evidence that the Revolving Credit Agreement, dated as of August 5, 2005, by and
among the Company, certain subsidiaries of the Company from time to time party thereto,
Scotia Capital and Bank of America as co-administrative agents, Bank of America as
administrator, and a syndicate of lenders, as amended and in effect from time to time, has
been or concurrently with the Closing Date is being terminated; and

     (xv) such other assurances, certificates, documents, consents or opinions as any
Co-Administrative Agent, the Administrator, the Collateral Agent or the Required Lenders
reasonably may require.

     (b) Any fees required to be paid on or before the Closing Date shall have been paid.

     (c) The Company shall have paid all fees, charges and disbursements of counsel to each
Co-Administrative Agent and the Co-Lead Arrangers (directly to such counsel if requested by the
Co-Administrative Agents and the Co-Lead Arrangers) to the extent invoiced prior to, or on, the
Closing Date, plus such additional amounts of such fees, charges and disbursements as shall
constitute its reasonable estimate of such fees, charges and disbursements incurred, or to be
incurred, by it through the closing proceedings (provided that such estimate shall not
thereafter preclude a final settling of accounts between the Company and the Co-Administrative
Agents and the Co-Lead Arrangers).

     (d) The Closing Date shall have occurred on or before September 30, 2009.

     (e) The representations and warranties of (i) the Borrower contained herein and (ii) each Loan
Party contained in each other Loan Document or in any document furnished under or in connection
herewith or therewith, shall be true and correct in all material respects on and as of the Closing
Date.

     (f) No Default shall exist or would result from the transactions contemplated hereunder.

Without limiting the generality of the provisions of the last paragraph of Section 9.03,
for purposes of determining compliance with the conditions specified in this Section 4.01,
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 each Co-Administrative Agent
shall have received notice from such Lender prior to the proposed Closing Date specifying its
objection thereto.

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ARTICLE V.

REPRESENTATIONS AND WARRANTIES

     The Borrower represents and warrants to each of the Co-Administrative Agents and the Lenders
that:

     5.01. Due Organization; Good Standing; Qualification. The Company and each of its
Subsidiaries are duly organized, validly existing and, as applicable, in good standing under the
Laws of their respective jurisdictions of incorporation, except where a Subsidiary’s failure to be
in good standing would not have a Material Adverse Effect. Each of the Company and its
Subsidiaries has all requisite corporate power, authority, licenses, consents, approvals and the
like required (a) to own and operate its respective properties (except where the failure to do so
would not have a Material Adverse Effect), (b) to carry on its respective business as presently
conducted and (c) to execute, deliver and perform its obligations under the Loan Documents to which
it is a party, and each is duly qualified to do business and is in good standing as a foreign
corporation in each jurisdiction wherein the character of the properties owned or leased by it
therein or in which the transaction of its respective business therein makes such qualification
necessary except where failure to comply with any of the foregoing would not have a Material
Adverse Effect.

     5.02. Due Authorization; No Conflicts. The execution, delivery and performance by the
Borrower of this Agreement, the Notes and each other Loan Document executed or to be executed by
it, and the execution, delivery and performance by each other Loan Party of each Domestic
Subsidiary Guarantee, and each other Loan Document executed or to be executed by it, and the
Borrower’s authority to make the borrowings and obtain the other Borrowings contemplated thereby,
have been duly authorized by all necessary corporate or other action on the part of the Company and
each such other Loan Party. Such execution, delivery, and performance by the Company and each such
other Loan Party, and the making by the Borrower of the borrowings and the obtaining of the other
Borrowings contemplated hereby, do not and will not (a) contravene any provision of such Loan
Party’s Organization Documents, (b) conflict with or result in a breach of the terms, conditions or
provisions of, or constitute a default under or result in the creation of any Lien upon any of the
property of such Loan Party, under any agreement, trust, deed, indenture, mortgage or other
instrument to which such Loan Party is a party or by which such Loan Party or any of their
respective properties is bound or affected, (c) require any waiver, consent or approval by any
creditors, shareholders, or public authority, or (d) violate any Law.

     5.03. Binding Agreements. This Agreement has been, and each Loan Document, when delivered
hereunder, will have been, duly executed and delivered by each Loan Party that is a party thereto.
This Agreement constitutes, the Notes and each other Loan Document, when issued and delivered
pursuant hereto for value received shall constitute, the legal, valid and binding obligations of
each of the Loan Parties that is a party thereto, enforceable in accordance with their respective
terms, except as enforcement may be limited by principles of equity, bankruptcy, insolvency, or
other laws affecting the enforcement of creditors’ rights generally; and each Domestic Subsidiary
Guarantee, and each other Loan Document executed pursuant hereto by each other Loan Party shall, on
the due execution and delivery thereof by such Loan Party, constitute the legal, valid and binding
obligation of such Loan Party enforceable in

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accordance with its terms, except as enforcement may be limited by principles of equity,
bankruptcy, insolvency, or other laws affecting the enforcement of creditors’ rights generally.

     5.04. Subsidiaries; Maintenance of Domestic Subsidiary Guarantee.

     (a) All of the issued and outstanding shares of capital stock of each Subsidiary of the
Company which is owned by the Company or a Subsidiary of the Company is specifically disclosed in
Part (a) of Schedule 5.04, has been validly issued and is fully paid and non assessable and
is free and clear of any Lien except those created under the Collateral Documents. No rights to
subscribe for additional shares of stock of any Subsidiary have been granted. The Company has no
equity investments in any other corporation or entity other than those specifically disclosed in
Part (b) of Schedule 5.04.

     (b) As of the Closing Date, each Co-Administrative Agent and the Lenders have the full credit
support of the Domestic Subsidiary Guarantors pursuant to the Domestic Subsidiary Guarantees
(guaranteeing in full the payment of all Obligations pursuant to the Domestic Subsidiary
Guarantees).

     5.05. No Default. No Default or Event of Default is continuing.

     5.06. Financial Statements. The Company has furnished to each of the Lenders: (a) the
Audited Financial Statements certified by KPMG LLP, certified public accountants, and (b) the
unaudited consolidated balance sheets of the Company and its Subsidiaries as of July 3, 2009 and
the related consolidated statements of income, cash flows and shareholders’ equity for the six
months ended as of such date, in each case certified by the president or principal financial
officer of the Company. Such balance sheets and statements have been prepared in conformity with
GAAP applied on a consistent basis throughout the periods specified and present fairly the
financial condition and results of operations of the Company and its Subsidiaries as at the dates
and for the periods indicated. The balance sheets referred to in this Section 5.06(a) and
the notes thereto disclose all material liabilities, direct or contingent, known to the Company and
its Subsidiaries as of the dates thereof.

     5.07. No Material Adverse Changes. Since December 31, 2008, there has been no change in the
business, assets, operations, prospects, liabilities or condition, financial or otherwise, of the
Company and its Subsidiaries, taken as a whole, other than changes the effect of which have not had
a Material Adverse Effect.

     5.08. No Material Litigation. No action, suit, investigation or proceeding is pending or
known to be threatened by or against or affecting the Company or any of its Subsidiaries or any of
their respective properties or rights before any Governmental Authority (a) which involves this
Agreement, the Notes or any other Loan Document or (b) as to which there is a reasonable
possibility of an adverse determination and which, if adversely determined, could, individually or
in the aggregate, result in a Material Adverse Effect.

     5.09. Environmental Compliance. To the best of the Borrower’s knowledge and belief, the
Company and each of its Subsidiaries is in substantial compliance with all material provisions of
applicable Environmental Laws and all judgments, orders and decrees relating

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thereto and binding upon the Company or any of its Subsidiaries, except where failure to be in
compliance would not have a Material Adverse Effect.

     5.10. Liens. The aggregate principal amount of Indebtedness for borrowed money of the Company
and its Subsidiaries (other than Indebtedness in respect of the Obligations hereunder and the
obligations under the Revolving Credit Agreement), on a consolidated basis, which is secured by
Liens on assets of the Company or any of its Subsidiaries, does not exceed the greater of
$20,000,000 and 10% of Consolidated Net Worth at such time; and the Indebtedness secured by such
Liens is permitted pursuant to Section 7.02.

     5.11. ERISA Compliance.

     (a) Each Plan is in compliance in all material respects with the applicable provisions of
ERISA, the Code and other Federal or state Laws. Each Plan that is intended to qualify under
Section 401(a) of the Code has received a favorable determination letter from the IRS or an
application for such a letter is currently being processed by the IRS with respect thereto and, to
the best knowledge of the Company, nothing has occurred which would prevent, or cause the loss of,
such qualification. The Company and each ERISA Affiliate have made all required contributions to
each Plan subject to the Pension Funding Rules, and no application for a funding waiver or an
extension of any amortization period pursuant to the Pension Funding Rules has been made with
respect to any Plan.

     (b) There are no pending or, to the best knowledge of the Company, threatened claims, actions
or lawsuits, or action by any Governmental Authority, with respect to any Plan that could
reasonably be expected to have a Material Adverse Effect. There has been no prohibited transaction
under ERISA or the Code or violation of the fiduciary responsibility rules set forth in Part 4 of
Title I of ERISA with respect to any Plan that has resulted or could reasonably be expected to
result in a Material Adverse Effect.

     (c) (i) No ERISA Event has occurred or is reasonably expected to occur; (ii) no Pension Plan
has any Unfunded Pension Liability in an amount that would result in a Material Adverse Effect;
(iii) neither the Company nor any ERISA Affiliate has incurred, or reasonably expects to incur, any
liability under Title IV of ERISA with respect to any Pension Plan (other than premiums due and not
delinquent under Section 4007 of ERISA); (iv) neither the Company nor any ERISA Affiliate has
incurred, or reasonably expects to incur, any liability (and no event has occurred which, with the
giving of notice under Section 4219 of ERISA, would result in such liability) under Section 4201 or
4243 of ERISA with respect to a Multiemployer Plan; and (v) neither the Company nor any ERISA
Affiliate has engaged in a transaction that could be subject to Section 4069 or 4212(c) of ERISA.

     (d) With respect to each scheme or arrangement mandated by a government other than the United
States (a “Foreign Government Scheme or Arrangement”) and with respect to each employee
benefit plan maintained or contributed to by any Loan Party or any Subsidiary of any Loan Party
that is not subject to United States law (a “Foreign Plan”):

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     (i) any employer and employee contributions required by law or by the terms of any
Foreign Government Scheme or Arrangement or any Foreign Plan have been made, or, if
applicable, accrued, in accordance with normal accounting practices;

     (ii) the fair market value of the assets of each funded Foreign Plan, together with the
liability of each insurer for any Foreign Plan funded through insurance or the book reserve
established for any Foreign Plan, and any accrued contributions, is sufficient to procure or
provide for the accrued benefit obligations, as of the date hereof, with respect to all
current and former participants in such Foreign Plan according to the actuarial assumptions
and valuations most recently used to account for such obligations in accordance with
applicable generally accepted accounting principles; and

     (iii) each Foreign Plan required to be registered has been registered and has been
maintained in good standing with applicable regulatory authorities.

     5.12. Ownership of Properties.

     (a) The Company and each of its Subsidiaries owns good and marketable title to all of its
properties and assets, real and personal (except where the failure to so own such properties or
assets, or have such title, would not have a Material Adverse Effect),

     (b) Schedule 5.12(b) sets forth a complete and accurate list of all Liens (other than
the Liens otherwise permitted by Section 7.01) on the property or assets of each Loan Party
and each of its Subsidiaries, showing as of the date hereof the lienholder thereof, the principal
amount of the obligations secured thereby and the property or assets of such Loan Party or such
Subsidiary subject thereto. The property of each Loan Party and each of its Subsidiaries is
subject to no Liens, other than Liens set forth on Schedule 5.12(b), and as otherwise
permitted by Section 7.01.

     (c) Schedule 5.12(c) sets forth a complete and accurate list of all Investments held
by any Loan Party or any Subsidiary of a Loan Party on the date hereof, showing as of the date
hereof the amount, obligor or issuer and maturity, if any, thereof.

     5.13. Taxes. Except for Taxes the payment of which is being diligently contested in good
faith after the establishment of any reserves required by GAAP, consistently applied, the Company
and each of its Subsidiaries has filed all tax returns and reports required by Law to have been
filed by it and has paid or caused to be paid all Taxes, assessments and governmental charges of
every kind thereby shown to be owing which would, in the aggregate, if not paid, be material as to
the Company and its Subsidiaries when taken as a whole or be reportable under the Securities
Exchange Act or required under FASB Standards to be disclosed on the Company’s consolidated audited
financial statements.

     5.14. Regulations U and X. Neither the Company nor any of its Subsidiaries is engaged in the
business of extending credit for the purpose of purchasing or carrying margin stock, and no
proceeds of any Loans will be used for a purpose which violates, or would be inconsistent with,
F.R.S. Board Regulation U or X. Terms for which meanings are provided in F.R.S. Board Regulation U
or X or any regulations substituted therefor, as from time to time in effect, are used in this
Section with such meanings.

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     5.15. Investment Company Act. Neither the Company nor any of its Subsidiaries is an
“investment company” within the meaning of the Investment Company Act of 1940, as amended.

     5.16. Accuracy of Information. The Company has disclosed to the Co-Administrative Agents and
the Lenders all agreements, instruments and corporate or other restrictions to which it or any of
its Subsidiaries is subject, and all other matters known to it, that, individually or in the
aggregate could reasonably be expected to result in a Material Adverse Effect. All factual
information heretofore or contemporaneously furnished by or on behalf of the Company or any other
Loan Party in writing to the Administrator, the Collateral Agent, any Co-Administrative Agent or
any Lender for purposes of or in connection with this Agreement or any other Loan Document or any
transaction contemplated hereby or thereby is, and all other such factual information hereafter
furnished by or on behalf of the Company or any other Loan Party to the Administrator, the
Collateral Agent, any Co-Administrative Agent or any Lender will be, true and correct in every
material respect on the date as of which such information is dated or certified and as of the date
of execution and delivery of this Agreement by the Company, the Administrator, the Collateral
Agent, the Co-Administrative Agents, and the Lenders, and such information is not, or shall not be,
as the case may be, incomplete by omitting to state any material fact necessary to make such
information not misleading in light of the circumstances under which such information is furnished
and, in the case of projections, on the basis of reasonable assumptions made in good faith as
disclosed in the Loan Documents.

     5.17. Use of Proceeds. The Company shall use the proceeds of the Loans in accordance with
Section 6.12.

     5.18. Compliance with Laws. The Company and each of its Subsidiaries is in compliance in all
material respects with the requirements of all Laws and all orders, writs, injunctions and decrees
applicable to it or to its properties, except in such instances in which (a) such requirement of
Law or order, writ, injunction or decree is being contested in good faith by appropriate
proceedings diligently conducted or (b) the failure to comply therewith, either individually or in
the aggregate, could not reasonably be expected to have a Material Adverse Effect.

     5.19. [Intentionally Omitted.]

     5.20. Governmental Authorization; Other Consents. No approval, consent, exemption,
authorization, or other action by, or notice to, or filing with, any Governmental Authority or any
other Person is necessary or required in connection with (a) the execution, delivery or performance
by, or enforcement against, any Loan Party of this Agreement or any other Loan Document, (b) the
grant by any Loan Party of the Liens granted by it pursuant to the Collateral Documents, (c) the
perfection or maintenance of the Liens created under the Collateral Documents (including the first
priority nature thereof) or (d) the exercise by the Collateral Agent, any Co-Administrative Agent
or any Lender of its rights under the Loan Documents or the remedies in respect of the Collateral
pursuant to the Collateral Documents.

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     5.21. Insurance. The properties of the Company and its Subsidiaries are insured with
financially sound and reputable insurance companies and otherwise in accordance with the
requirements of Section 6.03.

     5.22. Intellectual Property; Licenses, Etc. The Company and each of its Subsidiaries own, or
possess the right to use, all of the trademarks, service marks, trade names, copyrights, patents,
patent rights, franchises, licenses and other intellectual property rights (collectively, “IP
Rights”) that are reasonably necessary for the operation of their respective businesses,
without conflict with the rights of any other Person, and Schedule 5.22 sets forth a
complete and accurate list of all such federally registered IP Rights owned or used by the Company
and each of its Subsidiaries. To the best knowledge of the Company, no slogan or other advertising
device, product, process, method, substance, part or other material now employed, or now
contemplated to be employed, by the Company or any of its Subsidiaries infringes upon any rights
held by any other Person. No claim or litigation regarding any of the foregoing is pending or, to
the best knowledge of the Company, threatened, which, either individually or in the aggregate,
could reasonably be expected to have a Material Adverse Effect.

     5.23. Solvency. The Company is, individually, and the Loan Parties are, taken as a whole, on
a consolidated basis, Solvent.

     5.24. Collateral Documents. The provisions of the Collateral Documents are effective to
create in favor of the Collateral Agent for the benefit of the Secured Parties a legal, valid and
enforceable first priority Lien (subject to Liens permitted by Section 7.01) on all right,
title and interest of the respective Loan Parties in the Collateral described therein. Except for
filings completed prior to the Closing Date and as contemplated hereby and by the Collateral
Documents, no filing or other action will be necessary to perfect or protect such Liens.

ARTICLE VI.

AFFIRMATIVE COVENANTS

     The Company covenants and agrees with each of the Co-Administrative Agents and each of the
Lenders that, until such date as all the Obligations are paid in full in cash, unless the Required
Lenders otherwise consent in writing, the Company shall and shall cause each of its Subsidiaries
to:

     6.01. Financial Statements. Deliver to each of the Co-Administrative Agents and each of the
Lenders (a) within (i) sixty (60) days after the close of each of the first three quarters of each
fiscal year of the Company and (ii) within one hundred twenty (120) days after the close of each
fiscal year of the Company, the consolidated balance sheets of the Company and its Subsidiaries as
of the close of each such period and consolidated statements of income, cash flows and
shareholders’ equity for such period, prepared in conformity with GAAP, applied on a basis
consistent with that of the preceding period or containing disclosure of the effect on financial
position or results of operations of any change in the application of GAAP during the period, and
certified by the president or a principal financial officer of the Company as accurate, true and
correct in all material respects; (b) together with each such balance sheet referred to in clause
(a)(i) and (ii) above, a Compliance Certificate substantially in the form of Exhibit C
attached hereto (which Compliance Certificate shall contain written calculations by the Company

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in reasonable detail concerning compliance or non-compliance, as the case may be, by the
Company with the financial covenants referred to herein); (c) together with the annual consolidated
financial statements required to be delivered pursuant to clause (a)(ii) above for each
fiscal year, a report containing an unqualified opinion of KPMG LLP or a comparable nationally
recognized certified public accounting firm, which opinion shall state that such financial
statements fairly present the financial condition and results of operations of the Company and its
Subsidiaries in accordance with GAAP; (d) promptly upon the written request of either of the
Co-Administrative Agents, such other information about the business, financial, legal or corporate
affairs of the Company and its Subsidiaries, and any endorser or guarantor (if any), as either of
the Co-Administrative Agents may, from time to time, reasonably request or in compliance with the
terms of the Loan Documents; and (e) promptly after becoming available, copies of all financial
statements, reports, notices and proxy statements sent by the Company to stockholders, and of all
regular and periodic reports filed by the Company with any securities exchange or with the SEC or
any governmental agency successor to any or all of the functions of the SEC, and of all press
releases issued by the Company.

As to any information contained in materials furnished pursuant to Section 6.02, the
Company shall not be separately required to furnish such information under Section
6.01(a)(i) above, but the foregoing shall not be in derogation of the obligation of the Company
to furnish the information and materials described in Sections 6.01(a)(ii) above at the
times specified therein.

     6.02. Securities Regulation Compliance Reports. Promptly deliver to each of the
Co-Administrative Agents and each of the Lenders a copy of: (a) all filings including financial
statements and reports filed therewith and amendments thereto made by the Company with the SEC
pursuant to the Securities Act, the Securities Exchange Act, and the rules and regulations
promulgated under either of them; (b) all filings, financial statements and reports filed therewith
and amendments thereto made by the Company with each securities exchange on which the securities of
the Company are listed, if any, pursuant to the rules and regulations of each such exchange; and
(c) all written communications, financial statements, reports, notices and proxy statements sent to
any class of holders of securities of the Company.

     Documents required to be delivered pursuant to Section 6.01 or Section 6.02(a)
and (c) (to the extent any such documents are included in materials otherwise filed with
the SEC) may be delivered electronically and if so delivered, shall be deemed to have been
delivered on the date (i) on which the Company posts such documents, or provides a link thereto on
the Company’s website on the Internet at the website address listed on Schedule 10.02; or
(ii) on which such documents are posted on the Company’s behalf on an Internet or intranet website,
if any, to which each Lender and each Co-Administrative Agent have access (whether a commercial,
third-party website or whether sponsored by any Co-Administrative Agent); provided that the
Company shall notify each Co-Administrative Agent and each Lender (by telecopier or electronic
mail) of the posting of any such documents and provide to each Co-Administrative Agent by
electronic mail electronic versions (i.e., soft copies) of such documents. No
Co-Administrative Agent shall have any obligation to request the delivery or to maintain copies of
the documents referred to above, and in any event shall have no responsibility to monitor
compliance by the Company with any such request for delivery, and each Lender shall be solely
responsible for requesting delivery to it or maintaining its copies of such documents.

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     The Borrower hereby acknowledges that (a) each Co-Administrative Agent and/or each Co-Lead
Arranger will make available to the Lenders materials and/or information provided by or on behalf
of the Borrower hereunder (collectively, “Borrower Materials”) by posting the Borrower
Materials on IntraLinks or another similar electronic system (the “Platform”) and (b)
certain of the Lenders (each, a “Public Lender”) may have personnel who do not wish to
receive material non-public information with respect to the Borrower or their respective
Affiliates, or the respective securities of any of the foregoing, and who may be engaged in
investment and other market-related activities with respect to such Persons’ securities. The
Borrower hereby agrees that it will use commercially reasonable efforts to identify that portion of
the Borrower Materials that may be distributed to the Public Lenders and that (w) all such Borrower
Materials shall be clearly and conspicuously marked “PUBLIC” which, at a minimum, shall mean that
the word “PUBLIC” shall appear prominently on the first page thereof; (x) by marking Borrower
Materials “PUBLIC,” the Borrower shall be deemed to have authorized the Co-Administrative Agents,
the Administrator, the Co-Lead Arrangers and the Lenders to treat such Borrower Materials as not
containing any material non-public information (although it may be sensitive and proprietary) with
respect to the Borrower or their respective securities for purposes of United States Federal and
state securities laws (provided, however, that to the extent such Borrower
Materials constitute Information, they shall be treated as set forth in Section 10.07); (y)
all Borrower Materials marked “PUBLIC” are permitted to be made available through a portion of the
Platform designated “Public Side Information;” and (z) the Co-Administrative Agents, the
Administrator and the Co-Lead Arrangers shall be entitled to treat any Borrower Materials that are
not marked “PUBLIC” as being suitable only for posting on a portion of the Platform not designated
“Public Side Information.” Notwithstanding the foregoing, no Borrower shall be under any
obligation to mark any Borrower Materials “PUBLIC.”

     6.03. Insurance. (a) Keep its properties insured against fire and other hazards (so-called
“All Risk” coverage) in amounts and with companies satisfactory to each Co-Administrative Agent to
the same extent and covering such risks as are customary and reasonably available in the same or a
similar business; (b) maintain general liability coverage against claims for bodily injuries or
death; and (c) maintain all workers’ compensation, employment or similar insurance as may be
required by applicable Law. Alternatively, the Company may self-insure in such amounts and in such
manner as may be appropriate in the Company’s industry and in the Company’s reasonable business
judgment. The Company, upon the request of the Collateral Agent, agrees to deliver certificates
evidencing all of the aforesaid insurance policies to the Collateral Agent, which shall provide for
not less than 30 days’ prior notice to the Collateral Agent of termination, lapse or cancellation
of such insurance.

     6.04. Conduct of Business. Do or cause to be done all things necessary to (a) preserve and
keep in full force and effect its legal existence under the laws of its jurisdiction of
incorporation; (b) obtain, preserve, renew, extend and keep in full force and effect all rights,
licenses, permits, franchises, authorizations, patents, copyrights, trademarks and trade names
material to the conduct of its business; (c) comply in all material respects with all Requirements
of Law; (d) comply with all of its Organization Documents; (e) maintain its qualification to do
business in each jurisdiction in which the conduct of business requires such qualification; and (f)
maintain and preserve all property material to the conduct of its business and keep such property
in good repair, working order and condition from time to time, and make, or cause to be made, all
needful and proper repairs, renewals, additions, improvements and replacements thereto

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necessary in order that the business carried on in connection therewith may properly be
conducted at all times, except, in each case, (i) where the failure to do so would not have a
Material Adverse Effect, (ii) that the Company may liquidate or dissolve Subsidiaries from time to
time as the Company in the proper exercise of its judgment may determine, so long as any such
liquidation or dissolution shall not (x) either individually or in the aggregate, have a Material
Adverse Effect or (y) be of a Domestic Subsidiary Guarantor, unless such liquidation or dissolution
is by merger into another Subsidiary which has executed and delivered a Domestic Subsidiary
Guarantee, or results in the replacement of one Domestic Subsidiary Guarantee with a new Domestic
Subsidiary Guarantee, and after giving effect thereto there shall be no Default or Event of Default
hereunder (including in respect of Section 5.04(b) and Section 6.07) and (iii) the
Company may liquidate or sell such other assets as it may deem advisable, in the proper exercise of
its judgment, so long as such sale or liquidation is in compliance with Section 7.06 and,
after giving effect thereto, the Company is in compliance with Section 6.07 and the
representation and warranty set forth in Section 5.04(b) shall be true and correct.

     6.05. Records and Accounts. Maintain true records and books of account, complete and correct
in all material respects and in accordance with GAAP, and maintain adequate accounts and reserves
for all Taxes (including income Taxes), all depreciation, depletion, obsolescence and amortization
of its properties, all other contingencies, and all other proper reserves.

     6.06. Inspection. Permit any officer or employee designated by any Co-Administrative Agent or
any Lender to visit and inspect any of its properties and to examine its books and discuss the
affairs, finances and accounts of the Company or any of its Subsidiaries with its officers, all at
such reasonable times, upon reasonable notice, in a reasonable manner and as often as any
Co-Administrative Agent or any Lender may reasonably request; provided, however,
that when an Event of Default exists each Co-Administrative Agent or any Lender (or any of their
respective representatives or independent contractors) may do any of the foregoing at the expense
of the Company at any time during normal business hours and without advance notice;
provided, further, however, that any such visit, inspection or examination,
whether during the existence of an Event of Default or otherwise shall be subject to compliance
with all applicable security regulations and requirements of any Governmental Authority and the
Company’s reasonable policies and practices applicable to safeguarding its trade secrets and
proprietary products and practices. The Company agrees with each of the Co-Administrative Agents
and the Lenders that such policies and practices may restrict access by each Co-Administrative
Agent and the Lenders to certain areas of certain facilities of the Company or its Subsidiaries,
but that such policies and practices shall not restrict in any material respect access by each
Co-Administrative Agent and the Lenders to personnel of the Company and its Subsidiaries.

     6.07. Domestic Subsidiary Guarantees. The Company shall cause each Co-Administrative Agent
and the Lenders to have at all times the full credit support of the Domestic Subsidiaries pursuant
to the Domestic Subsidiary Guarantees (guaranteeing in full the payment of all Obligations).

     6.08. Further Assurances. Cooperate with each of the Co-Administrative Agents and each Lender
and take such action and execute such further instruments and documents as either

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of the Co-Administrative Agents shall reasonably request to effect the purposes of this
Agreement, the Notes and the other Loan Documents.

     6.09. Payment of Obligations. Pay and discharge as the same shall become due and payable, all
its obligations and liabilities, including (a) all tax liabilities, assessments and governmental
charges or levies upon it or its properties or assets; (b) all lawful claims which, if unpaid,
would by law become a Lien upon its property; and (c) all Indebtedness, as and when due and
payable, but subject to any subordination provisions contained in any instrument or agreement
evidencing such Indebtedness, in each case, unless the same are being contested in good faith by
appropriate proceedings diligently conducted and adequate reserves in accordance with GAAP are
being maintained by the Company or such Subsidiary.

     6.10. Compliance with Laws. Comply in all material respects with the requirements of all Laws
and all orders, writs, injunctions and decrees applicable to it or to its business or property,
except in such instances in which (a) such requirement of Law or order, writ, injunction or decree
is being contested in good faith by appropriate proceedings diligently conducted; or (b) the
failure to comply therewith could not reasonably be expected to have a Material Adverse Effect.

     6.11. Notices. Promptly deliver notice in writing to each Co-Administrative Agent and each
Lender:

     (a) upon becoming aware of any Default or Event of Default;

     (b) upon becoming aware of any development that is likely to result in an Event of Default;

     (c) of any matter that has resulted or could reasonably be expected to result in a Material
Adverse Effect, including (i) breach or non-performance of, or any default under, a Contractual
Obligation of the Borrower or any Subsidiary; (ii) any dispute, litigation, investigation,
proceeding or suspension between the Borrower or any Subsidiary and any Governmental Authority; or
(iii) the commencement of, or any material development in, any litigation or proceeding affecting
the Borrower or any Subsidiary, including pursuant to any applicable Environmental Laws;

     (d) of the occurrence of any ERISA Event;

     (e) of any material change in accounting policies or financial reporting practices by the
Borrower or any Subsidiary, including any determination by the Company referred to in Section
2.10(b); and

     (f) of the (i) occurrence of any disposition of property or assets for which the Borrower is
required to make a mandatory prepayment pursuant to Section 2.05(b) or (ii) occurrence of
any sale of capital stock or other Equity Interests.

Each notice pursuant to this Section 6.11 shall be accompanied by a statement of a
Responsible Officer of the Company setting forth details of the occurrence referred to therein and
stating what action the Company has taken and proposes to take with respect thereto. Each notice

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pursuant to Section 6.11(a) shall describe with particularity any and all provisions of
this Agreement and any other Loan Document that have been breached.

     6.12. Use of Proceeds. Use the proceeds of the Loans for working capital, Capital
Expenditures and other general corporate purposes (including, without limitation, acquisitions
permitted hereunder) not in contravention of any Law or of any Loan Document.

     6.13. Covenant to Guarantee Obligations and Give Security.

     (a) Upon the formation or acquisition of any new direct or indirect Subsidiary (and with
respect to any CFC or a Subsidiary that is held directly or indirectly by a CFC, subject to
Section 2.16) by any Loan Party, then the Company shall, at the Company’s expense, within
45 days after such formation or acquisition, cause such Subsidiary, and cause each direct and
indirect parent of such Subsidiary (if it has not already done so), to (i) duly execute and deliver
to each Co-Administrative Agent (A) a Domestic Subsidiary Guarantee or guaranty supplement, in form
and substance satisfactory to each Co-Administrative Agent, guaranteeing the other Loan Parties’
obligations under the Loan Documents, and (B) supplements to the Collateral Documents, as
applicable, in form and substance satisfactory to each Co-Administrative Agent (including delivery
of all Pledged Stock Collateral and Pledged Debt in and of such Subsidiary, and other instruments
of the type specified in Section 4.01(a)(iii), securing payment of all the Obligations of
such Subsidiary or such parent, as the case may be, under the Loan Documents and constituting Liens
on all such properties, (ii) take whatever action (including the filing of Uniform Commercial Code
financing statements and the giving of notices) may be necessary or advisable in the opinion of the
Collateral Agent to vest in the Collateral Agent (or in any representative of the Collateral Agent
designated by it) valid and subsisting Liens on the properties purported to be subject to the
Collateral Documents delivered pursuant to this Section 6.13, enforceable against all third
parties in accordance with their terms, and (iii) deliver to each Co-Administrative Agent, upon the
request of each Co-Administrative Agent in its sole discretion, a signed copy of a favorable
opinion, addressed to each Co-Administrative Agent and the other Secured Parties, of counsel for
the Loan Parties acceptable to each Co-Administrative Agent as to the matters contained in
clauses (i) and (ii) above, and as to such other matters as each Co-Administrative Agent may
reasonably request.

     (b) Subject to Section 2.16, at any time that the revenues generated and/or assets
owned by any Foreign Subsidiary, or group of Foreign Subsidiaries organized in any single foreign
jurisdiction, for the fiscal year most recently ended equal more than 10% of the consolidated
aggregate revenues of the Company and its Subsidiaries and/or 10% of the consolidated assets of the
Company and its Subsidiaries for such period, the Company shall, to the extent the following
requirements have not previously been satisfied, (x) cause 66% of the Equity Interests of such
Foreign Subsidiary or Foreign Subsidiaries to be pledged pursuant to a pledge agreement governed
under the local law applicable to such Foreign Subsidiary or Foreign Subsidiaries, which pledge
agreement shall be in form and substance satisfactory to each Co-Administrative Agent and the
Collateral Agent, (y) take whatever action (including the giving of notices) may be necessary or
advisable in the opinion of the Collateral Agent to vest in the Collateral Agent (or in any
representative of the Collateral Agent designated by it) valid and subsisting Liens on the
properties purported to be subject to the pledge agreement delivered pursuant to this
Section 6.13, enforceable against all third parties in accordance with their terms,

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and (z) deliver to each Co-Administrative Agent, upon the request of each Co-Administrative
Agent in its sole discretion, a signed copy of a favorable opinion, addressed to each
Co-Administrative Agent and the other Secured Parties, of counsel for the Loan Parties acceptable
to each Co-Administrative Agent as to the matters contained in clause (x) and (y) above, and as to
such other matters as each Co-Administrative Agent may reasonably request.

     (c) At any time upon request of any Co-Administrative Agent or the Collateral Agent, promptly
execute and deliver any and all further instruments and documents and take all such other action as
such Co-Administrative Agent or the Collateral Agent may deem necessary or desirable in obtaining
the full benefits of, or (as applicable) in perfecting and preserving the Liens of, such guaranties
and supplements to the Collateral Documents.

     6.14. Compliance with Environmental Laws. Comply, and cause all lessees and other Persons
operating or occupying its properties to comply, in all material respects, with all applicable
Environmental Laws and Environmental Permits; obtain and renew all Environmental Permits necessary
for its operations and properties; and conduct any investigation, study, sampling and testing, and
undertake any cleanup, removal, remedial or other action necessary to remove and clean up all
Hazardous Materials from any of its properties, in accordance with the requirements of all
Environmental Laws; provided, however, that neither the Borrower nor any of its
Subsidiaries shall be required to undertake any such cleanup, removal, remedial or other action to
the extent that its obligation to do so is being contested in good faith and by proper proceedings
and appropriate reserves are being maintained with respect to such circumstances in accordance with
GAAP.

     6.15. Approvals and Authorizations. Maintain all authorizations, consents, approvals and
licenses from, exemptions of, and filings and registrations with, each Governmental Authority of
the jurisdiction in which each Foreign Loan Party is organized and existing, and all approvals and
consents of each other Person in such jurisdiction, in each case that are required in connection
with the Loan Documents.

ARTICLE VII.

NEGATIVE COVENANTS

     So long as any Lender shall have any Loan outstanding, the Company shall not, nor shall it
permit any Subsidiary to, directly or indirectly:

     7.01. Liens. Incur or permit to exist any Lien against any of its property or assets, whether
now owned or hereafter acquired, except:

     (a) any judgment Lien for the payment of money not constituting an Event of Default under
Section 8.01(l);

     (b) easements, rights-of-way, zoning and similar restrictions, encumbrances or title defects
(but specifically excluding mortgages and any other Liens securing Indebtedness) which, in the
aggregate, do not materially detract from the value of the properties of, and do not materially and
adversely interfere with the ordinary conduct of the business of the applicable Person;

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     (c) Liens incurred in the ordinary course of business (such as liens on inventory granted in
connection with the Company’s securing of the Company’s repayment of reimbursement obligations
under banker’s acceptances or commercial letters of credit but which Liens cover solely the
inventory which is the subject of such banker’s acceptance or commercial letters of credit) which
are not material (individually or in the aggregate) to the Company and its Subsidiaries when taken
as a whole and do not secure Indebtedness for borrowed money (other than reimbursement obligations
under banker’s acceptances or commercial letters of credit described in the foregoing
parenthetical);

     (d) Liens on assets which secure previously existing Indebtedness of corporations or business
entities acquired by the Company or a Subsidiary, whether by purchase of assets and assumption of
liabilities or by purchase of Equity Interests, merger or consolidation, so long as (i) such
acquisition is otherwise permitted by the terms of this Agreement, (ii) the Company is in
compliance with all of its covenants herein after the completion of such acquisition, (iii) such
Liens were not incurred in contemplation of such acquisition and as a result of such acquisition,
and do not extend to any of the Company’s or any Subsidiary’s assets owned before such acquisition
and (iv) the Indebtedness secured by such Liens is permitted pursuant to Section 7.02;
provided, that not later than 90 days after any such acquisition the Company shall
extinguish, or cause to be extinguished, such Liens unless those Liens are otherwise permitted
under the terms of any of the other clauses of this Section 7.01;

     (e) Liens existing on the date hereof and listed on Schedule 5.12(b) and any renewals
or extensions thereof, provided that (i) the property covered thereby is not changed, (ii)
the amount secured or benefited thereby is not increased, (iii) the direct or any contingent
obligor with respect thereto is not changed, and (iv) any renewal or extension of the obligations
secured or benefited thereby is permitted by Section 7.02;

     (f) carriers’, landlords’, warehousemen’s, mechanics’, materialmen’s, repairmen’s or other
like Liens arising in the ordinary course of business which are not overdue for a period of more
than 30 days or which are being contested in good faith and by appropriate proceedings diligently
conducted, if adequate reserves with respect thereto are maintained on the books of the applicable
Person;

     (g) any other Liens at any time on assets owned by the Company or any of its Subsidiaries;
provided that the aggregate amount of Indebtedness secured by such Liens shall not exceed
the greater of $20,000,000 and 10% of Consolidated Net Worth at such time; and provided,
further, that the Indebtedness secured by such Liens shall be permitted pursuant to
Section 7.02; and

     (h) Liens pursuant to any Loan Document or any Revolving Loan Document.

No Indebtedness or Liens which might be permitted in connection with the transactions described in
clauses (d) and (g) above shall be permitted if, after giving effect to the
incurrence of such Indebtedness or Liens, a violation of the financial covenants contained in this
Article VII would or shall exist.

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     7.02. Limitation on Indebtedness. Create, incur or permit to exist or remain outstanding any
Indebtedness except:

     (a) Indebtedness under and in respect of the Loan Documents and the Revolving Loan Documents;
or

     (b) Indebtedness, the incurrence of which would not cause the Company to be in violation of
the financial covenants set forth below on a pro forma basis after giving effect thereto;

provided that, in the case of Indebtedness of Subsidiaries which are not Domestic
Subsidiary Guarantors, such Indebtedness (including intercompany loans) shall not exceed,
individually or in the aggregate, $20,000,000 at any time; provided further that,
notwithstanding the foregoing, intercompany Indebtedness with respect to the Brookhouse Investments
shall be permitted.

     7.03. Contingent Liabilities. Assume, guarantee, endorse or otherwise become liable upon the
obligations of any Person or enter into any other agreement having substantially the same effect as
a Guarantee, except for:

     (a) the endorsement of negotiable instruments for deposit or collection or other transactions
in the ordinary course of business which are not material to the Company and its Subsidiaries when
taken as a whole; or

     (b) obligations incurred by the Company or a Subsidiary to a third party which do not
constitute Indebtedness;

provided, that (i) each Subsidiary may guarantee the Obligations of the Company and each
other Loan Party hereunder and under each other Loan Document pursuant to a Domestic Subsidiary
Guarantee, (ii) each Subsidiary may guarantee the Obligations (as defined in the Revolving Credit
Agreement) of the Borrower under the Revolving Credit Agreement and (iii) subject to Section
7.02, the Company may guarantee Indebtedness of its Subsidiaries and any Subsidiary may
guarantee Indebtedness of the Borrower or another Subsidiary, so long as the aggregate amount of
all Indebtedness so guaranteed, when totaled with all Consolidated Total Indebtedness, without
duplication (if not already included therein) shall not result in an Event of Default hereunder;
and provided, further, that the foregoing shall not prohibit contractual
indemnities, not having substantially the same effect as a Guarantee, given in the ordinary course
of business. Neither such contractual indemnities nor contingent liabilities under clause
(b) of this Section 7.03 shall be included for purposes of calculating any financial
covenant under this Agreement.

     7.04. Consolidation or Merger. Enter into or undertake any plan or agreement or transaction
to merge into or consolidate with or into any Person, unless immediately after the consummation of
such merger or consolidation, (a)(i) in the case of the Company, except as set forth in clause (ii)
below, the Company is the surviving entity, (ii) in the case of the Company, if the Company elects
to reincorporate by merger into a wholly-owned Domestic Subsidiary Guarantor, such Subsidiary is
the surviving entity, and, in the case of such a reincorporation by merger, (A) such wholly-owned
Subsidiary expressly assumes, in a written instrument executed and delivered to each
Co-Administrative Agent, and in form and substance reasonably

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satisfactory to each Co-Administrative Agent, all the Obligations of the Company or such other
Loan Party, as the case may be, under each of the Loan Documents and (B) each Co-Administrative
Agent and the Lenders have received a written opinion of outside legal counsel to the Company
stating that, pursuant to such merger and instrument of assumption, such wholly-owned Subsidiary
has assumed all the Obligations of the Company or such other Loan Party under each of the Loan
Documents, (iii) in the case of a merger or consolidation between a Subsidiary and an unaffiliated
Person, the Subsidiary is the surviving entity, (iv) in the case of a merger of a Domestic
Subsidiary Guarantor and a Foreign Subsidiary, such Domestic Subsidiary Guarantor is the surviving
entity, and (v) in the case of a merger of a Subsidiary and another Subsidiary, if any Subsidiary
is a Domestic Subsidiary Guarantor, such Domestic Subsidiary Guarantor shall be the surviving
entity, (c) the Company’s management remains in control of the merged entity, (d) no Default or
Event of Default hereunder shall exist or would be reasonably likely to occur as a result of such
transaction and (e) the requirements of Section 7.11 are satisfied. For the purposes of
this Section 7.04, the acquisition by the Company or any Subsidiary of the Company of all
or substantially all of the Equity Interests or all or substantially all of the assets of any
Person shall be deemed to be a consolidation of such Person with the Company or such Subsidiary, as
the case may be.

     7.05. Limitation on Certain Other Fundamental Changes; Amendment to Organization Documents.

     (a) In the case of the Company, liquidate, wind-up or dissolve itself (or suffer any
liquidation, winding up or dissolution to occur), or make any liquidating distribution.

     (b) Amend its Organization Documents in a manner adverse to the Lenders and in a manner
inconsistent with the obligations of the Loan Parties under the Loan Documents.

     7.06. Sale of Assets. Sell, license, lease, transfer or otherwise dispose of any assets,
except for:

     (a) sales of inventory in the ordinary course of business;

     (b) licenses or leases in the ordinary course of business;

     (c) dispositions permitted pursuant to Section 7.04;

     (d) conversions of intercompany Indebtedness held by the Company or any of its Subsidiaries
into equity Investments in any Subsidiary permitted pursuant to Section 7.17; and

     (e) other sales of assets in an aggregate amount for any Annual Period not to exceed the
Annual Basket Amount; provided that (i) in connection with a sale in any Annual Period, if
the Company or such Subsidiary re-invests such proceeds in other useful assets of the Company or
such Subsidiary within nine months of the date of such sale and during such Annual Period, the
aggregate amount of such proceeds reinvested shall increase the Annual Basket Amount by an amount
equal to such proceeds reinvested, (ii) such increase to any Annual Basket Amount shall not exceed
$15,000,000 for any Annual Period, (iii) no increase in any Annual Basket Amount for any Annual
Period may be “carried over” to the next Annual Period, and (iv) in no

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event shall any such single sale or series of related sales permitted under this clause (e)
exceed $25,000,000 in the aggregate.

For purposes of this Section 7.06(e), “Annual Basket Amount” shall mean $25,000,000
plus any increases to such amount provided for in clause (e)(i) above, and “Annual Period”
shall mean each successive period of twelve consecutive months commencing on the first date of any
such sale of assets after the Closing Date.

     7.07. Affiliate Transactions. Enter into any transaction with an Affiliate, except (a) upon
fair, reasonable and arm’s-length terms, or (b) transactions between (i) the Company and a Domestic
Subsidiary Guarantor, (ii) a Domestic Subsidiary Guarantor and another Domestic Subsidiary
Guarantor, (iii) a Foreign Subsidiary and another Foreign Subsidiary, or (iv) subject to
Section 7.13, intercompany Investments permitted pursuant to Section 7.10;
provided, however, that notwithstanding any other provision of this Section
7.07, the Brookhouse Investments shall be permitted.

     7.08. Certain Restrictive Agreements. Enter into or permit to exist any indenture, agreement,
instrument or other arrangement (other than any Loan Document or any Revolving Loan Document), in
connection with the incurrence of Indebtedness which, directly or indirectly, prohibits or limits,
or has the effect of prohibiting or limiting, (a) the incurrence of Indebtedness to the Lenders
pursuant to any Loan Document, or the payment of such Indebtedness or other Obligations to the
Secured Parties, (b) the payment of dividends by any Subsidiary or the making by any Subsidiary of
any advances or other payments or distributions to the parent of such Subsidiary, (c) any Domestic
Subsidiary Guarantee contemplated hereunder, or (d) the ability of any Loan Party or any Domestic
Subsidiary to create, incur, assume or suffer to exist Liens on property of such Person.

     7.09. Compliance With Environmental Laws. Except in compliance with all applicable
Environmental Laws (and except to the extent that noncompliance would not have a Material Adverse
Effect), (a) use any of the Real Estate or any portion thereof for the handling, processing,
storage or disposal of Hazardous Materials, (b) cause or permit to be located on any of the Real
Estate any underground tank or other underground storage receptacle for Hazardous Materials, or (c)
generate any Hazardous Materials on any of the Real Estate.

     7.10. Limitation on Investments. Make any Investments, except:

     (a) Investments held by the Company or such Subsidiary in the form of Cash Equivalents;

     (b) advances to officers, directors and employees of the Company and Subsidiaries in an
aggregate amount not to exceed $5,000,000 at any time outstanding, for travel, entertainment,
relocation and analogous ordinary business purposes;

     (c) Investments of the Company in any Domestic Subsidiary Guarantor and Investments of any
Subsidiary in the Company or in another Subsidiary; provided that any Investment by a
Subsidiary that is a Loan Party shall be either to the Company or to another Loan Party;

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     (d) Investments consisting of extensions of credit in the nature of accounts receivable or
notes receivable arising from the grant of trade credit in the ordinary course of business, and
Investments received in satisfaction or partial satisfaction thereof from financially troubled
account debtors to the extent reasonably necessary in order to prevent or limit loss;

     (e) Guarantees permitted by Section 7.02;

     (f) acquisitions permitted by Section 7.11;

     (g) the Brookhouse Investments; and

     (h) other Investments not to exceed $25,000,000 in the aggregate after the date hereof.

     7.11. Limitations on Acquisitions. Enter into any stock or asset acquisition other than for:
(a) the acquisition of assets in the ordinary course of such Person’s business; and (b)
Acquisitions; provided that (i) no Default or Event of Default has occurred and is
continuing or would result therefrom, (ii) the assets or business subject to such Acquisition is in
substantially the same or similar type of business as the Company, (iii) the board of directors (in
the case of an asset acquisition) and the shareholders (in the case of a stock acquisition) or both
(if required by Law) of any Person to be acquired has approved the terms of such Acquisition, (iv)
the Company has delivered to the Administrator a notice of its intention to consummate such
Acquisition at least five Business Days prior to the date on which such Acquisition is to be
consummated, (v) any newly created or acquired Subsidiary shall promptly comply with the
requirements of Section 6.13, and (vi) on a pro forma basis no Default or Event of Default
will occur over the twelve (12) month period following the effective date of such Acquisition;
provided, further, that to the extent the Company or any of its Subsidiaries agrees
to, or consummates, any Acquisition having a purchase price in excess of $100,000,000, the Company
shall deliver to the Administrator on or before the date of such Acquisition, a Compliance
Certificate and pro forma financial statements evidencing such pro forma compliance.

     7.12. Fiscal Year; Accounting Changes. Permit the fiscal year of the Company to end on a day
other than December 31 or make any change in accounting policies or reporting practices, except as
required by GAAP.

     7.13. Limitations on Transfers to Foreign Subsidiaries. Notwithstanding any provision herein
to the contrary, in no event shall the sum of (a) the principal amount of all Revolving Loans,
together with accrued and unpaid interest, outstanding to the Loan Parties that are Foreign
Subsidiaries, plus (b) the face amount of all Letters of Credit (as defined in the
Revolving Credit Agreement) issued and outstanding for the account of Foreign Subsidiaries,
plus (c) Contingent Liabilities of Domestic Subsidiaries for the benefit of Foreign
Subsidiaries incurred after the Closing Date, plus (d) Investments of the Company and
Domestic Subsidiaries in Foreign Subsidiaries (including intercompany loans but excluding the
Brookhouse Investments) made after the Closing Date, exceed $20,000,000 in the aggregate at any one
time outstanding.

     7.14. Most Favored Lender. Agree to, with or for the benefit of the holder(s) of any
Indebtedness of, or commitments to provide loans to, the Company or any of its Subsidiaries

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under the Revolving Credit Agreement (or any refinancing or replacement thereof), any
financial or restrictive covenants or events of default which are more restrictive than, or in
addition to, the financial or negative covenants or Events of Default contained in this Agreement,
or the granting of security, unless the Loan Parties have entered into an agreement with the
Lenders, in form and substance reasonably satisfactory to the Lenders, whereby such financial or
negative covenants or events of default or provisions regarding security are added to this
Agreement. In addition, if any provisions of the Revolving Credit Agreement are updated (including
to be consistent with current practices), the Company will allow this Agreement to be modified or
supplemented on similar terms.

     7.15. Change in Nature of Business. Engage in any material line of business substantially
different from those lines of business conducted by the Borrower and its Subsidiaries on the date
hereof or any business substantially related or incidental thereto.

     7.16. Use of Proceeds. Use the proceeds of any Borrowing in any manner which would result in
a violation of the representation contained in Section 5.14.

     7.17. Prepayments, Etc. of Unsecured Indebtedness. Prepay, redeem, purchase, defease or
otherwise satisfy prior to the scheduled maturity thereof in any manner, or make any payment in
violation of any subordination terms of, any unsecured Indebtedness, except (a) regularly scheduled
or required repayments or redemptions of Indebtedness set forth in Schedule 7.17 and
refinancings and refundings of such Indebtedness in compliance with Section 7.02, (b)
subject to Section 7.13, conversions of intercompany Indebtedness held by the Company or
any of its Subsidiaries into equity Investments in any Subsidiary, and (c) repayments or
redemptions of unsecured Indebtedness in an aggregate amount not to exceed $5,000,000 in any
calendar year; provided that no Default or Event of Default shall have occurred and be
continuing or would result therefrom after giving pro forma effect to such repayments or
redemptions.

     7.18. Financial Covenants.

     (a) Consolidated Senior Secured Leverage Ratio. The Company will not permit the
Consolidated Senior Secured Leverage Ratio as of the end of any Measurement Period to be greater
than 3.00 to 1.00.

     (b) Consolidated Total Leverage Ratio. The Company will not permit the Consolidated
Total Leverage Ratio as of the end of any Measurement Period to be greater than 3.50 to 1.00.

     (c) Consolidated Adjusted Fixed Charge Coverage Ratio. The Company will not permit
the Consolidated Adjusted Fixed Charge Coverage Ratio as of the end of any Measurement Period to be
less than the ratio set forth below opposite such Measurement Period:

	 	 	 	 	 
	Measurement Period	 	Ratio
	Closing Date – March 31, 2011
	 	 	1.05 to 1.00	 
	April 1, 2011 – September 30, 2011
	 	 	1.25 to 1.00	 
	October 1, 2011 and thereafter
	 	 	1.35 to 1.00	 

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     7.19. Limitations on Swap Contracts. Create any obligations (contingent or otherwise) of the
Company or any Subsidiary existing or arising under any Swap Contract, provided, that the
Company or any Subsidiary may enter into Swap Contracts if (i) such obligations are (or were)
entered into by such Person in the ordinary course of business for the purpose of directly
mitigating risks associated with liabilities, commitments, investments, assets, or property held or
reasonably anticipated by such Person, or changes in the value of securities issued by such Person,
and not for purposes of speculation or taking a “market view;” and (ii) such Swap Contract does not
contain any provision exonerating the non-defaulting party from its obligation to make payments on
outstanding transactions to the defaulting party.

     7.20. Limitation on Obligations under Secured Hedge Agreements, Secured Cash Management
Agreements and Secured Lines. Allow for Obligations under Secured Hedge Agreements, Secured Cash
Management Agreements and Secured Lines to exceed $35,000,000 in the aggregate at any time;
provided, that this limitation shall not limit the Company or any Subsidiary from incurring
Indebtedness permitted under Section 7.02 to the extent such Indebtedness does not
constitute an “Obligation” as defined hereunder.

ARTICLE VIII.

EVENTS OF DEFAULT; CERTAIN REMEDIES

     8.01. Events of Default. The occurrence of any one or more of the following events or
conditions shall constitute an “Event of Default”:

     (a) Non-Payment of Principal. The principal amount due upon any Loan is not paid when
due, whether at maturity, by acceleration or otherwise; or

     (b) Non-Payment of Interest, Fees, Etc. Any interest on any Loan, or any fee, or
other amount payable or due hereunder or under any other Loan Document, is not paid within five (5)
Business Days of the due date thereof; or

     (c) Specific Covenants. Any Loan Party fails to perform or observe any covenant, term
or agreement contained in clause (a) of Section 6.04, Sections 6.07 and
6.13 and Article VII of this Agreement; or

     (d) Other Defaults. Any Loan Party fails to perform or observe any covenant, term or
agreement contained in this Agreement (other than those referred to in clauses (a) — (c) above) or
in any Loan Document on its part to be performed or observed and such failure continues unremedied
for a period of thirty (30) days after any executive, legal or financial officer of the Company
becomes aware or is notified by either Co-Administrative Agent of such default, whichever first
occurs; or

     (e) Representations and Warranties. Any representation made by the Company or any
other Loan Party in this Agreement or in any other Loan Document shall be false or incorrect in any
material respect on the date as of which made or deemed to have been made or repeated; or

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     (f) Cross-Default. (i) Any “Event of Default” shall occur under the Revolving Credit
Agreement, as the same is in effect from time to time or (ii) any obligation of the Company or any
Subsidiary for the payment of Indebtedness in excess of the Threshold Amount, individually or in
the aggregate, (A) becomes or is declared to be due and payable prior to the stated maturity
thereof as a result of a default by the Company or any Subsidiary, (B) is not paid when due or
within any grace period for the payment thereof, or (C) is evidenced or secured by an agreement
pursuant to which there shall occur any default in the performance or observance of any other term,
condition or agreement if the effect of such default is to cause or permit the holder or holders of
such obligation to cause such obligation to become due prior to its stated maturity; or

     (g) Insolvency Proceedings, Etc. The Company or any Material Subsidiary makes an
assignment for the benefit of creditors; admits in writing its inability to pay its debts as they
become due; files a voluntary petition in bankruptcy; is adjudicated bankrupt or insolvent; files
or consents to the filing of any petition or answer seeking for itself any reorganization,
arrangement, composition, readjustment, dissolution, liquidation or similar relief under any Debtor
Relief Law; petitions or applies to any tribunal for any receiver, liquidator, fiscal agent or any
other similar agent or any trustee; or there is commenced against the Company or any such
Subsidiary any such proceeding without the consent of the Company or such Subsidiary which is not
dismissed within sixty (60) days after the commencement thereof; or

     (h) Change of Control. Any Change of Control occurs; or

     (i) ERISA. (i) An ERISA Event occurs with respect to a Pension Plan or Multiemployer
Plan which has resulted or could reasonably be expected to result in liability of the Borrower
under Title IV of ERISA to the Pension Plan, Multiemployer Plan or the PBGC in an aggregate amount
that could reasonably be expected to have a Material Adverse Effect, or (ii) the Borrower or any
ERISA Affiliate fails to pay when due, after the expiration of any applicable grace period, any
installment payment with respect to its withdrawal liability under Section 4201 of ERISA under a
Multiemployer Plan in an aggregate amount that could reasonably be expected to have a Material
Adverse Effect; or

     (j) Invalidity of Loan Documents. This Agreement or any other Loan Document shall
(except in accordance with its terms or except as expressly permitted herein or therein), in whole
or in part, terminate, cease to be effective or cease to be the legally valid, binding and
enforceable obligation of any Loan Party party thereto; or the Company or any other Loan Party
shall, directly or indirectly, contest in any manner such effectiveness, validity, binding nature
or enforceability; or

     (k) Judgments. There is entered against the Company or any Subsidiary (i) a final
judgment or order for the payment of money in an aggregate amount exceeding the Threshold Amount
(to the extent not covered by independent third-party insurance as to which the insurer does not
dispute coverage), or (ii) any one or more non-monetary final judgments that have, or could
reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect and, in
either case, (A) enforcement proceedings are commenced by any creditor upon such judgment or order,
or (B) there is a period of fifteen (15) consecutive days during which a stay of enforcement of
such judgment, by reason of a pending appeal or otherwise, is not in effect; or

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     (l) Collateral Documents. Any Collateral Document after delivery thereof pursuant to
Section 4.01 or Section 6.13(b) shall for any reason (other than pursuant to the
terms thereof) cease to create a valid and perfected first priority Lien (subject to Liens
permitted by Section 7.01) on the Collateral purported to be covered thereby.

     8.02. Remedies Upon Event of Default. If any Event of Default occurs and is continuing, the
Co-Administrative Agents shall, at the request of, or may, with the consent of, the Required
Lenders, take any or all of the following actions:

     (a) declare the commitment of each Lender to make Loans to be terminated, whereupon such
commitments and obligation shall be terminated;

     (b) declare the unpaid principal amount of all outstanding Loans, all interest accrued and
unpaid thereon, and all other amounts owing or payable hereunder or under any other Loan Document
to be immediately due and payable, without presentment, demand, protest or other notice of any
kind, all of which are hereby expressly waived by the Borrower; and

     (c) exercise on behalf of itself and the Lenders all rights and remedies available to it and
the Lenders under the Loan Documents;

provided, however, that upon the occurrence of an actual or deemed entry of an
order for relief with respect to the Borrower or any Material Subsidiary under the Bankruptcy Code
of the United States, the obligation of each Lender to make Loans shall automatically terminate,
the unpaid principal amount of all outstanding Loans and all interest and other amounts as
aforesaid shall automatically become due and payable without further act of the Co-Administrative
Agents or any Lender.

     8.03. Application of Funds. Subject to the terms of the Intercreditor Agreement, after the
exercise of remedies provided for in Section 8.02 (or after the Loans have automatically
become immediately due and payable as set forth in the proviso to Section 8.02), any
amounts received on account of the Obligations shall be applied by the Administrator in the
following order:

     First, to payment of that portion of the Obligations constituting fees, indemnities,
expenses and other amounts (including fees, charges and disbursements of counsel to the
Co-Administrative Agents, Collateral Agent and Administrator and amounts payable under Article
III) payable to the Administrator in its capacity as such;

     Second, to payment of that portion of the Obligations constituting fees, indemnities
and other amounts (other than principal and interest) payable to the Lenders (including fees,
charges and disbursements of counsel to the respective Lenders (including fees and time charges for
attorneys who may be employees of any Lender) arising under the Loan Documents and amounts payable
under Article III, ratably among them in proportion to the respective amounts described in
this clause Second payable to them;

     Third, to payment of that portion of the Obligations constituting accrued and unpaid
interest on the Loans and other Obligations arising under the Loan Documents, the Secured Hedge
Agreements, Secured Cash Management Agreements and Secured Lines, ratably among

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the Lenders in proportion to the respective amounts described in this clause Third
payable to them;

     Fourth, to payment of that portion of the Obligations constituting unpaid principal of
the Loans and Obligations then owing under Secured Hedge Agreements, Secured Cash Management
Agreements and Secured Lines, ratably among the Lenders, the Hedge Banks, the Cash Management Banks
and the Line Banks in proportion to the respective amounts described in this clause Fourth
held by them; and

     Last, the balance, if any, after all of the Obligations have been indefeasibly paid in
full, to the Borrower or other Loan Parties, as applicable, or as otherwise required by Law.

     Notwithstanding the foregoing, Obligations arising under Secured Cash Management Agreements,
Secured Hedge Agreements and Secured Lines shall be excluded from the application described above
if the Administrator has not received written notice thereof, together with such supporting
documentation as the Administrator may request, from the applicable Cash Management Bank, Hedge
Bank or Line Bank, as the case may be. Each Cash Management Bank, Hedge Bank or Line Bank not a
party to this Agreement that has given the notice contemplated by the preceding sentence shall, by
such notice, be deemed to have acknowledged and accepted the appointment of the Co-Administrative
Agents, the Collateral Agent and the Administrator pursuant to the terms of Article IX
hereof for itself and its Affiliates as if a “Lender” party hereto.

ARTICLE IX.

THE CO-ADMINISTRATIVE AGENTS, COLLATERAL AGENT AND THE

ADMINISTRATOR

     9.01. Appointment and Authority.

     (a) Each of the Lenders hereby irrevocably appoints each of Bank of America and Scotia Capital
to act on its behalf as Co-Administrative Agents and Bank of America to act on its behalf as the
Administrator hereunder and under the other Loan Documents and authorizes each of the
Co-Administrative Agents and the Administrator to take such actions on its behalf and to exercise
such powers as are delegated to each of the Co-Administrative Agents and the Administrator by the
terms hereof or thereof, together with such actions and powers as are reasonably incidental
thereto. The provisions of this Article are solely for the benefit of each of the
Co-Administrative Agent, the Administrator and the Lenders, and no Borrower shall have rights as a
third party beneficiary of any of such provisions.

     (b) Bank of America shall also act as the Collateral Agent under the Loan Documents, and each
of the Lenders (including in its capacities as a potential Hedge Bank, a potential Cash Management
Bank or a Line Bank, as applicable) hereby irrevocably appoints and authorizes Bank of America to
act as the agent of such Lender for purposes of acquiring, holding and enforcing any and all Liens
on Collateral granted by any of the Loan Parties to secure any of the Obligations, together with
such powers and discretion as are reasonably incidental thereto. In this connection, Bank of
America, as Collateral Agent and any co-agents, sub-agents and attorneys-in-fact appointed by the
Collateral Agent pursuant to Section 9.05 for purposes of

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holding or enforcing any Lien on the Collateral (or any portion thereof) granted under the
Collateral Documents, or for exercising any rights and remedies thereunder at the direction of the
Collateral Agent), shall be entitled to the benefits of all provisions of this Article IX
and Article X (including Section 10.04(c), as though such co-agents, sub-agents and
attorneys-in-fact were the Collateral Agent under the Loan Documents) as if set forth in full
herein with respect thereto.

     (c) Each of the Lenders (including in its capacities as a potential Hedge Bank, a potential
Cash Management Bank or a Line Bank, as applicable) hereby further authorizes the Administrator and
the Collateral Agent to enter into the Intercreditor Agreement and any amendments thereto on behalf
of such Lender.

     9.02. Rights as a Lender. The Persons serving as the Co-Administrative Agents, the Collateral
Agent and the Administrator hereunder shall have the same rights and powers in its capacity as a
Lender as any other Lender and may exercise the same as though it were not a Co-Administrative
Agent, the Collateral Agent or the Administrator and the term “Lender” or “Lenders” shall, unless
otherwise expressly indicated or unless the context otherwise requires, include the Persons serving
as the Co-Administrative Agents, the Collateral Agent and the Administrator hereunder in its
individual capacity. Such Persons and their Affiliates may accept deposits from, lend money to,
act as the financial advisor or in any other advisory capacity for and generally engage in any kind
of business with the Borrower or any Subsidiary or other Affiliate thereof as if such Persons were
not a Co-Administrative Agent, the Collateral Agent or the Administrator hereunder and without any
duty to account therefor to the Lenders.

     9.03. Exculpatory Provisions. None of the Co-Administrative Agents, the Collateral Agent nor
the Administrator shall have any duties or obligations except those expressly set forth herein and
in the other Loan Documents. Without limiting the generality of the foregoing, none of the
Co-Administrative Agents, the Collateral Agent nor the Administrator:

     (a) shall be subject to any fiduciary or other implied duties, regardless of whether a Default
has occurred and is continuing;

     (b) shall have any duty to take any discretionary action or exercise any discretionary powers,
except discretionary rights and powers expressly contemplated hereby or by the other Loan Documents
that any Co-Administrative Agent, the Collateral Agent or the Administrator is required to exercise
as directed in writing by the Required Lenders (or such other number or percentage of the Lenders
as shall be expressly provided for herein or in the other Loan Documents), provided that
none of the Co-Administrative Agents, the Collateral Agent nor the Administrator shall be required
to take any action that, in its opinion or the opinion of its counsel, may expose any of the
Co-Administrative Agents, the Collateral Agent or the Administrator to liability or that is
contrary to any Loan Document or applicable law;

     (c) shall, except as expressly set forth herein and in the other Loan Documents, have any duty
to disclose, or shall be liable for the failure to disclose, any information relating to any of the
Borrower or any of their respective Affiliates that is communicated to, or obtained by, the Person
serving as a Co-Administrative Agent, the Collateral Agent or the Administrator or any of their
respective Affiliates in any capacity;

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     (d) shall be liable for any action taken or not taken by it (i) with the consent, or at the
request, of the Required Lenders (or such other number or percentage of the Lenders as shall be
necessary, or as any Co-Administrative Agent, the Collateral Agent or the Administrator shall
believe in good faith shall be necessary, under the circumstances as provided in Sections
10.01 and 8.02) or (ii) in the absence of its own gross negligence or willful
misconduct. Each of the Co-Administrative Agents, the Collateral Agent and the Administrator shall
be deemed not to have knowledge of any Default unless and until notice describing such Default is
given to each of the Co-Administrative Agents, the Collateral Agent and the Administrator by the
Company or a Lender; and

     (e) shall be responsible for, or have any duty to ascertain or inquire into (i) any statement,
warranty or representation made in, or in connection with, this Agreement or any other Loan
Document, (ii) the contents of any certificate, report or other document delivered hereunder or
thereunder or in connection herewith or therewith, (iii) the performance or observance of any of
the covenants, agreements or other terms or conditions set forth herein or therein or the
occurrence of any Default, (iv) the validity, enforceability, effectiveness or genuineness of this
Agreement, any other Loan Document or any other agreement, instrument or document, or the creation,
perfection or priority of any Lien purported to be created by the Collateral Documents, (v) the
value or the sufficiency of any Collateral, or (vi) the satisfaction of any condition set forth in
Article IV or elsewhere herein, other than to confirm receipt of items expressly required
to be delivered to such Co-Administrative Agent, the Collateral Agent or the Administrator, as the
case may be.

     9.04. Reliance by each Co-Administrative Agent, the Collateral Agent and the Administrator.
Each of the Co-Administrative Agents, the Collateral Agent and the Administrator shall be entitled
to rely upon, and shall not incur any liability for relying upon, any notice, request, certificate,
consent, statement, instrument, document or other writing (including any electronic message,
Internet or intranet website posting or other distribution) believed by it to be genuine and to
have been signed, sent or otherwise authenticated by the proper Person. Each of the
Co-Administrative Agents, the Collateral Agent and the Administrator also may rely upon any
statement made to it orally or by telephone and believed by it to have been made by the proper
Person, and shall not incur any liability for relying thereon. In determining compliance with any
condition hereunder to the making of a Loan that by its terms must be fulfilled to the satisfaction
of a Lender, the Administrator may presume that such condition is satisfactory to such Lender
unless the Administrator shall have received notice to the contrary from such Lender prior to the
making of such Loan. Each of the Co-Administrative Agents, the Collateral Agent and the
Administrator may consult with legal counsel (who may be counsel for the Company), independent
accountants and other experts selected by it, and shall not be liable for any action taken or not
taken by it in accordance with the advice of any such counsel, accountants or experts.

     9.05. Delegation of Duties. Each of the Co-Administrative Agents, the Collateral Agent and
the Administrator may perform any and all of its duties and exercise its rights and powers
hereunder or under any other Loan Document by or through any one or more sub-agents appointed by
each of the Co-Administrative Agents, the Collateral Agent or the Administrator, as the case may
be. Each of the Co-Administrative Agents, the Collateral Agent and the Administrator and any such
sub-agent may perform any and all of its duties and exercise its

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rights and powers by or through their respective Related Parties. The exculpatory provisions
of this Article shall apply to any such sub-agent and to the Related Parties of the applicable
Co-Administrative Agent, the Collateral Agent and the Administrator, as the case may be, and any
such sub-agent, and shall apply to their respective activities in connection with the syndication
of the credit facilities provided for herein as well as activities as Co-Administrative Agent, the
Collateral Agent or Administrator.

     9.06. Resignation of Any Co-Administrative Agent, the Collateral Agent or the Administrator.
Any Co-Administrative Agent, the Collateral Agent or the Administrator may at any time give notice
of its resignation to the Lenders and the Company. Upon receipt of any such notice of resignation,
the Required Lenders shall have the right, in consultation with the Company, to appoint a
successor, which shall be a bank with an office in the United States, or an Affiliate of any such
bank with an office in the United States. If no such successor shall have been so appointed by the
Required Lenders and shall have accepted such appointment within 30 days after the retiring
Co-Administrative Agent, Collateral Agent or Administrator, as the case may be, gives notice of its
resignation, then the retiring Co-Administrative Agent, Collateral Agent or Administrator, as the
case may be, may on behalf of the Lenders, appoint a successor Co-Administrative Agent, Collateral
Agent or Administrator, as the case may be, meeting the qualifications set forth above;
provided that if the Co-Administrative Agent or Administrator, as the case may be, shall
notify the Company and the Lenders that no qualifying Person has accepted such appointment, then
such resignation shall nonetheless become effective in accordance with such notice and (1) the
retiring Co-Administrative Agent or Administrator shall be discharged from its duties and
obligations hereunder and under the other Loan Documents and (2) all payments, communications and
determinations provided to be made by, to or through the Co-Administrative Agents or the
Administrator shall instead be made by or to, in the case of a Co-Administrative Agent, the
remaining Co-Administrative Agent, or, in all other circumstances, each Lender directly, until such
time as the Required Lenders appoint a successor Co-Administrative Agent or Administrator as
provided for above in this Section. Upon the acceptance of a successor’s appointment as
Co-Administrative Agent, Collateral Agent or Administrator hereunder, such successor shall succeed
to, and become vested with, all of the rights, powers, privileges and duties of the retiring (or
retired) Co-Administrative Agent, Collateral Agent or Administrator, as the case may be, and the
retiring Co-Administrative Agent, Collateral Agent or Administrator shall be discharged from all of
its duties and obligations hereunder or under the other Loan Documents (if not already discharged
therefrom as provided above in this Section); provided, that the retiring (or retired)
Collateral Agent shall not be released from all of its duties and obligations hereunder or under
the Loan Documents until such time as it shall deliver to the successor Collateral Agent any
documents in its possession that it is holding in its capacity as Collateral Agent. The fees
payable by the Company to a successor Co-Administrative Agent, the Collateral Agent or
Administrator shall be the same as those payable to its predecessor unless otherwise agreed between
the Company and such successor. After the retiring Co-Administrative Agent’s, Collateral Agent’s
or Administrator’s resignation hereunder and under the other Loan Documents, the provisions of this
Article and Section 10.04 shall continue in effect for the benefit of such retiring
Co-Administrative Agent, Collateral Agent or Administrator, its sub-agents and their respective
Related Parties in respect of any actions taken, or omitted to be taken, by any of them while the
retiring Co-Administrative Agent, Collateral Agent or Administrator was acting as Co-Administrative
Agent, Collateral Agent or

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Administrator, as the case may be. The Collateral Agent may resign in accordance with the
terms of the Intercreditor Agreement.

     9.07. Non-Reliance on Any Co-Administrative Agent, the Collateral Agent the Administrator and
Other Lenders. Each Lender acknowledges that it has, independently and without reliance upon any
Co-Administrative Agent, the Collateral Agent, the Administrator or any other Lender or any of
their Related Parties and based on such documents and information as it has deemed appropriate,
made its own credit analysis and decision to enter into this Agreement. Each Lender also
acknowledges that it will, independently and without reliance upon any Co-Administrative Agent, the
Collateral Agent, the Administrator or any other Lender or any of their Related Parties and based
on such documents and information as it shall from time to time deem appropriate, continue to make
its own decisions in taking or not taking action under or based upon this Agreement, any other Loan
Document or any related agreement or any document furnished hereunder or thereunder.

     9.08. No Other Duties, Etc. Anything herein to the contrary notwithstanding, none of the Book
Managers or Co-Lead Arrangers, listed on the cover page hereof shall have any powers, duties or
responsibilities under this Agreement or any of the other Loan Documents, except in its capacity,
as applicable, as a Co-Administrative Agent, the Collateral Agent, the Administrator or a Lender
hereunder.

     9.09. Co-Administrative Agents, Collateral Agent and Administrator May File Proofs of Claim.
In case of the pendency of any proceeding under any Debtor Relief Law or any other judicial
proceeding relative to any Loan Party, any Co-Administrative Agent, the Collateral Agent or the
Administrator (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 any Co-Administrative
Agent, the Collateral Agent or the Administrator shall have made any demand on the 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 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, the
Co-Administrative Agents, the Collateral Agent and the Administrator (including any claim for the
reasonable compensation, expenses, disbursements and advances of the Lenders, the Co-Administrative
Agents, the Collateral Agent, the Administrator and their respective agents and counsel and all
other amounts due the Lenders, the Co-Administrative Agents, the Collateral Agent and the
Administrator under Sections 2.09 and 10.04) allowed in such judicial proceeding;
provided, that none of the Co-Administrative Agents, the Collateral Agent or the
Administrator shall take any action under this Section 9.09(a) with respect to Obligations
arising under a Secured Cash Management Agreement, Secured Hedge Agreement or Secured Line, without
the consent of the applicable Cash Management Bank, Hedge Bank or Line Bank party to such Secured
Cash Management Agreement, Secured Hedge Agreement or Secured Line; and

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

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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 the
Co-Administrative Agents, the Collateral Agent or the Administrator and, in the event that any
Co-Administrative Agent, the Collateral Agent or the Administrator shall consent to the making of
such payments directly to the Lenders, to pay to any Co-Administrative Agent, the Collateral Agent
or the Administrator any amount due for the reasonable compensation, expenses, disbursements and
advances of such Co-Administrative Agent, the Collateral Agent or the Administrator and its
respective agents and counsel, and any other amounts due the Co-Administrative Agents, the
Collateral Agent or the Administrator under Sections 2.09 and 10.04.

Nothing contained herein shall be deemed to authorize the Co-Administrative Agents, the Collateral
Agent or the Administrator 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 to authorize the Co-Administrative Agents, the Collateral Agent or the
Administrator to vote in respect of the claim of any Lender in any such proceeding.

     9.10. Collateral Matters. Each of the Lenders (including in its capacities as a potential
Cash Management Bank, a potential Hedge Bank or a Line Bank, as applicable) irrevocably authorize
the Collateral Agent, at its option and in its discretion,

     (a) to release any Lien on any property granted to, or held by, the Collateral Agent under any
Loan Document (i) upon payment in full of all Obligations (other than (A) contingent
indemnification obligations and (B) obligations and liabilities under Secured Cash Management
Agreements, Secured Hedge Agreements and/or Secured Lines), (ii) that is sold or to be sold as part
of, or in connection with, any sale permitted hereunder or under any other Loan Document, (iii)
with respect to Pledged Debt that is converted to equity in accordance with Section 7.17 or
with respect to which the obligation evidenced thereby has been repaid in full, or (iv) if
approved, authorized or ratified in writing in accordance with Section 10.01; and

     (b) to subordinate any Lien on any property granted to, or held by, the Collateral Agent under
any Loan Document to the holder of any Lien on such property that is permitted by Section
7.01(g).

     Upon request by the Collateral Agent at any time, the Required Lenders will confirm in writing
the Collateral Agent’s authority to release or subordinate its interest in particular types or
items of property. As specified in this Section 9.10, the Collateral Agent will, at the
Borrower’s expense, execute and deliver to the applicable Loan Party such documents as such Loan
Party may reasonably request to evidence the release of such item of Collateral from the assignment
and security interest granted under the Collateral Documents.

     9.11. Guaranty Matters. Each of the Lenders (including in its capacities as a potential Cash
Management Bank, a potential Hedge Bank or a Line Bank, as applicable) irrevocably authorize the
Administrator, at its option and in its discretion, to release any Domestic Subsidiary Guarantor
from its obligations under the Domestic Subsidiary Guarantee if such Person ceases to be a
Subsidiary as a result of a transaction permitted hereunder.

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     Upon request by each Co-Administrative Agent at any time, the Required Lenders will confirm in
writing the Administrator’s authority to release any Domestic Subsidiary Guarantor from its
obligations under the Domestic Subsidiary Guarantee pursuant to this Section 9.11. As
specified in this Section 9.11, the Administrator will, at the Borrower’s expense, execute
and deliver to the applicable Loan Party such documents as such Loan Party may reasonably request
to evidence the release of such Domestic Subsidiary Guarantor from its obligations under the
Domestic Subsidiary Guarantee, in each case in accordance with the terms of the Loan Documents and
this Section 9.11.

     9.12. Secured Cash Management Agreements, Secured Hedge Agreements and Secured Lines. No Cash
Management Bank, Hedge Bank or Line Bank that obtains the benefits of Section 8.03, any
Domestic Subsidiary Guarantee or any Collateral by virtue of the provisions hereof or of any
Domestic Subsidiary Guarantee or any Collateral Document shall have any right to notice of any
action or to consent to, direct or object to any action hereunder or under any other Loan Document
or otherwise in respect of the Collateral (including the release or impairment of any Collateral)
other than in its capacity as a Lender and, in such case, only to the extent expressly provided in
the Loan Documents. Notwithstanding any other provision of this Article IX to the
contrary, the Collateral Agent shall not be required to verify the payment of Obligations arising
under Secured Cash Management Agreements, Secured Hedge Agreements and Secured Lines unless the
Collateral Agent has received written notice of such Obligations, together with such supporting
documentation as the Collateral Agent may request, from the applicable Cash Management Bank, Hedge
Bank or Line Bank, as the case may be.

ARTICLE X.

MISCELLANEOUS

     10.01. Amendments, Etc. No amendment or waiver of any provision of this Agreement or any
other Loan Document, and no consent to any departure by the Company or any other Loan Party
therefrom, shall be effective unless in writing signed by the Required Lenders and the Company or
the applicable Loan Party, as the case may be, and acknowledged by the Co-Administrative Agents,
and each such waiver or consent shall be effective only in the specific instance and for the
specific purpose for which given; provided, however, that no such amendment, waiver
or consent shall:

     (a) waive any condition set forth in Section 4.01(a) without the written consent of
each Lender;

     (b) postpone any date fixed by this Agreement or any other Loan Document for any payment or
mandatory prepayment of principal, interest, fees or other amounts due to the Lenders (or any of
them) hereunder or under any other Loan Document without the written consent of each Lender
directly affected thereby;

     (c) reduce the principal of, or the rate of interest specified herein on, any Loan, or
(subject to clause (ii) of the second proviso to this Section 10.01) any fees or other
amounts payable hereunder or under any other Loan Document without the written consent of each
Lender directly affected thereby; provided, however, that only the consent of the
Required

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Lenders shall be necessary to amend the definition of “Default Rate” or to waive any
obligation of the Borrower to pay interest at the Default Rate;

     (d) change Section 2.13 or Section 8.03 in a manner that would alter the pro
rata sharing of payments required thereby without the written consent of each Lender;

     (e) amend Section 1.06 or the definition of “Alternative Currency” without the written
consent of each Lender;

     (f) change any provision of this Section or the definition of “Required Lenders” or any other
provision hereof specifying the number or percentage of Lenders required to amend, waive or
otherwise modify any rights hereunder or make any determination or grant any consent hereunder
without the written consent of each Lender;

     (g) release all, or substantially all, of the Collateral in any transaction or series of
related transactions, without the written consent of each Lender;

     (h) release all, or substantially all, of the value of the Domestic Subsidiary Guarantee
without the written consent of each Lender, except to the extent the release of any Domestic
Subsidiary Guarantor is permitted pursuant to Section 9.11 (in which case such release may
be made by the Co-Administrative Agents); or

     (i) amend, modify or waive the provisions of Section 5.04(b), Section 6.06 or
Section 7.01 without the written consent of each Lender affected thereby;

and, provided further, that (i) no amendment, waiver or consent shall, unless in
writing and signed by each Co-Administrative Agent in addition to the Lenders required above,
affect the rights or duties of each Co-Administrative Agent under this Agreement or any other Loan
Document; (ii) the Fee Letters may be amended, or rights or privileges thereunder waived, in a
writing executed only by the applicable parties thereto; (iii) no amendment, waiver or consent
shall, unless in writing and signed by the Collateral Agent in addition to the Lenders required
above, affect the rights or duties of the Collateral Agent under this Agreement; and (iv) no
amendment, waiver or consent shall, unless in writing and signed by the Administrator in addition
to the Lenders required above, affect the rights or duties of the Administrator under this
Agreement. Notwithstanding anything to the contrary herein, no Defaulting Lender shall have any
right to approve or disapprove any amendment, waiver or consent hereunder.

     If any Lender does not consent to a proposed amendment, waiver, consent to release with
respect to any Loan Document that requires consent of each Lender and that had been approved by the
Required Lenders, the Borrower may replace such non-consenting Lender in accordance with
Section 10.13; provided that such amendment, waiver, consent or release can be
effected as a result of the assignment contemplated by such Section (together with all other such
assignments required by the Borrower to be made pursuant to this paragraph).

     10.02. Notices; Effectiveness; Electronic Communication.

     (a) Notices Generally. Except in the case of notices and other communications
expressly permitted to be given by telephone (and except as provided in subsection (b) below),

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all notices and other communications provided for herein shall be in writing and shall be
delivered by hand or overnight courier service, mailed by certified or registered mail or sent by
telecopier as follows, and all notices and other communications expressly permitted hereunder to be
given by telephone shall be made to the applicable telephone number, as follows:

     (i) if to the Borrower, any Co-Administrative Agent, the Collateral Agent or the
Administrator, to the address, telecopier number, electronic mail address or telephone
number specified for such Person on Schedule 10.02; and

     (ii) if to any other Lender, to the address, telecopier number, electronic mail address
or telephone number specified in its Administrative Questionnaire.

Notices and other communications sent by hand or overnight courier service, or mailed by certified
or registered mail, shall be deemed to have been given when received. Notices and other
communications delivered by telecopier or through electronic communications to the extent provided
in subsection (b) below, shall be effective as provided in such subsection (b).

     (b) Electronic Communications. Notices and other communications to the Lenders
hereunder may be delivered or furnished by electronic communication (including e-mail and Internet
or intranet websites) pursuant to procedures approved by each Co-Administrative Agent,
provided that the foregoing shall not apply to notices to any Lender pursuant to
Article II if such Lender, as applicable, has notified each Co-Administrative Agent that it
is incapable of receiving notices under such Article by electronic communication. Each
Co-Administrative Agent, the Administrator, the Collateral Agent or the Company may, in its
discretion, agree to accept notices and other communications to it hereunder by electronic
communications (including e-mail and Internet or intranet websites) pursuant to procedures approved
by it, provided that approval of such procedures may be limited to particular notices or
communications.

Unless each Co-Administrative Agent, the Administrator or the Collateral Agent, as applicable,
otherwise prescribes, and, with respect to notices and other communications to the Company, unless
the Company otherwise agrees, (i) notices and other communications sent to an e-mail address or by
telecopier shall be deemed received upon the sender’s receipt of an acknowledgement from the
intended recipient (such as by the “return receipt requested” function, as available, return e-mail
or other written acknowledgement), provided that if such notice or other communication is
not sent during the normal business hours of the recipient, such notice or communication shall be
deemed to have been sent at the opening of business on the next business day for the recipient, and
(ii) notices or communications posted to an Internet or intranet website shall be deemed received
upon the deemed receipt by the intended recipient at its e-mail address as described in the
foregoing clause (i) of notification that such notice or communication is available and identifying
the website address therefor.

     (c) The Platform. THE PLATFORM IS PROVIDED “AS IS” AND “AS AVAILABLE.” THE AGENT
PARTIES (AS DEFINED BELOW) DO NOT WARRANT THE ACCURACY OR COMPLETENESS OF THE BORROWER MATERIALS OR
THE ADEQUACY OF THE PLATFORM, AND EXPRESSLY DISCLAIM LIABILITY FOR ERRORS IN OR OMISSIONS FROM THE
BORROWER MATERIALS. NO WARRANTY OF ANY KIND, EXPRESS, IMPLIED OR STATUTORY, INCLUDING ANY WARRANTY

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OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, NON-INFRINGEMENT OF THIRD PARTY RIGHTS
OR FREEDOM FROM VIRUSES OR OTHER CODE DEFECTS, IS MADE BY ANY AGENT PARTY IN CONNECTION WITH THE
BORROWER MATERIALS OR THE PLATFORM. In no event shall any Co-Administrative Agent, the Collateral
Agent, the Administrator or any of their respective Related Parties (collectively, the “Agent
Parties”) have any liability to the Borrower, any Lender, or any other Person for losses,
claims, damages, liabilities or expenses of any kind (whether in tort, contract or otherwise)
arising out of the Borrower’s or any Co-Administrative Agent’s, the Collateral Agent’s or the
Administrator’s transmission of Borrower Materials through the Internet, except to the extent that
such losses, claims, damages, liabilities or expenses are determined by a court of competent
jurisdiction by a final and nonappealable judgment to have resulted from the gross negligence or
willful misconduct of such Agent Party; provided, however, that in no event shall
any Agent Party have any liability to the Borrower, any Lender, or any other Person for indirect,
special, incidental, consequential or punitive damages (as opposed to direct or actual damages).

     (d) Change of Address, Etc. The Borrower, each Co-Administrative Agent, the
Collateral Agent and the Administrator may change its address, electronic mail address, telecopier
or telephone number for notices and other communications hereunder by notice to the other parties
hereto. Each other Lender may change its address, electronic mail address, telecopier or telephone
number for notices and other communications hereunder by notice to the Company, each
Co-Administrative Agent, the Collateral Agent and the Administrator. In addition, each Lender
agrees to notify each Co-Administrative Agent and the Administrator from time to time to ensure
that each Co-Administrative Agent and the Administrator has on record (i) an effective address,
contact name, telephone number, telecopier number and electronic mail address to which notices and
other communications may be sent and (ii) accurate wire instructions for such Lender. Furthermore,
each Public Lender agrees to cause at least one individual at or on behalf of such Public Lender to
at all times have selected the “Private Side Information” or similar designation on the content
declaration screen of the Platform in order to enable such Public Lender or its delegate, in
accordance with such Public Lender’s compliance procedures and applicable Law, including United
States Federal and state securities Laws, to make reference to Borrower Materials that are not made
available through the “Public Side Information” portion of the Platform and that may contain
material non-public information with respect to the Borrower or its securities for purposes of
United States Federal or state securities laws.

     (e) Reliance by Each Co-Administrative Agent, Collateral Agent, Administrator and
Lenders. Each Co-Administrative Agent, the Collateral Agent, the Administrator and the Lenders
shall be entitled to rely and act upon any notices (including telephonic Loan Notices) purportedly
given by or on behalf of the Borrower even if (i) such notices were not made in a manner specified
herein, were incomplete or were not preceded or followed by any other form of notice specified
herein, or (ii) the terms thereof, as understood by the recipient, varied from any confirmation
thereof. The Company shall indemnify each Co-Administrative Agent, the Collateral Agent, the
Administrator, each Lender and the Related Parties of each of them from all losses, costs, expenses
and liabilities resulting from the reliance by such Person on each notice purportedly given by or
on behalf of the Borrower. All telephonic notices to and other telephonic communications with any
Co-Administrative Agent, the Collateral Agent and the

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Administrator may be recorded by such Co-Administrative Agent, the Collateral Agent and the
Administrator, and each of the parties hereto hereby consents to such recording.

     10.03. No Waiver; Cumulative Remedies; Enforcement. No failure by any Lender, any
Co-Administrative Agent, the Collateral Agent or the Administrator to exercise, and no delay by any
such Person in exercising, 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. The rights, remedies, powers and privileges herein provided are
cumulative and not exclusive of any rights, remedies, powers and privileges provided by law.

Notwithstanding anything to the contrary contained herein or in any other Loan Document, the
authority to enforce rights and remedies hereunder and under the other Loan Documents against the
Loan Parties or any of them shall be vested exclusively in, and all actions and proceedings at law
in connection with such enforcement shall be instituted and maintained exclusively by, each
Co-Administrative Agent, the Collateral Agent or the Administrator, as the case may be, in
accordance with Section 8.02 for the benefit of all the Lenders; provided,
however, that the foregoing shall not prohibit (a) each Co-Administrative Agent, the
Collateral Agent or the Administrator from exercising on its own behalf the rights and remedies
that inure to its benefit (solely in its capacity as Co-Administrative Agent, Collateral Agent or
Administrator) hereunder and under the other Loan Documents, (b) any Lender from exercising setoff
rights in accordance with Section 10.08 (subject to the terms of Section 2.13), or
(c) any Lender from filing proofs of claim or appearing and filing pleadings on its own behalf
during the pendency of a proceeding relative to any Loan Party under any Debtor Relief Law; and
provided, further, that if at any time there is no Person acting as a
Co-Administrative Agent, the Collateral Agent or the Administrator hereunder and under the other
Loan Documents, then (i) the Required Lenders shall have the rights otherwise ascribed to each
Co-Administrative Agent, the Collateral Agent or the Administrator, as the case may be, pursuant to
Section 8.02 and (ii) in addition to the matters set forth in clauses (b) and (c) of the
preceding proviso and subject to Section 2.13, any Lender may, with the consent of the
Required Lenders, enforce any rights and remedies available to it and as authorized by the Required
Lenders.

     10.04. Expenses; Indemnity; Damage Waiver.

     (a) Costs and Expenses. The Borrower agrees to pay all out-of-pocket expenses of each
of the Co-Administrative Agents (including due diligence costs and expenses and reasonable fees and
expenses of counsel to the Co-Administrative Agents), the Administrator (including reasonable fees
and expenses of counsel to the Administrator), the Collateral Agent (including reasonable fees and
expenses of counsel to the Collateral Agent) and the Lenders (including reasonable fees and
expenses of counsel to the Lenders) incurred in connection with: (i) the negotiation, preparation,
execution and delivery of this Agreement and each of the other Loan Documents (including schedules
and exhibits thereto), and any amendments, waivers, consents, supplements or other modifications to
this Agreement or any of the other Loan Documents as may from time to time be hereafter required,
whether or not the transactions contemplated hereby and thereby are consummated; provided,
that the Borrower shall not be responsible for the out-of-pocket expenses of the Lenders in the
case of this clause (i); (ii) the collection of Obligations due hereunder or under any of the other
Loan Documents; (iii) the

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defense, protection, preservation, realization or enforcement of any of the rights or remedies
of any of the Co-Administrative Agents, the Administrator, the Collateral Agent or any of the
Lenders under any provisions of this Agreement or under any of the other Loan Documents; (iv) the
syndication of the Loans; and/or (v) except to the extent such action, suit or proceeding arose as
a result of the gross negligence, bad faith or willful misconduct of such Co-Administrative Agent,
the Administrator, the Collateral Agent or such Lender, any action, suit or proceeding in
accordance with this Section 10.04 (whether or not an Indemnitee is a party or is subject
thereto); provided, that no fees and expenses of counsel for the Lenders (other than the
Co-Administrative Agents, the Administrator and the Collateral Agent) shall be payable by the
Company unless incurred after an Event of Default has occurred.

     (b) Indemnification by the Company. The Company shall indemnify each
Co-Administrative Agent (and any sub-agent thereof), the Collateral Agent, the Administrator, the
Syndication Agent, the Co-Lead Arrangers and each Lender, and each Related Party of any of the
foregoing Persons (each such Person being called an “Indemnitee”) against, and hold each
Indemnitee harmless from, any and all losses, claims, damages, liabilities and related expenses
(including the fees, charges and disbursements of any counsel for any Indemnitee), and shall
indemnify and hold harmless each Indemnitee from all fees and time charges and disbursements for
attorneys who may be employees of any Indemnitee, incurred by any Indemnitee or asserted against
any Indemnitee by any third party or by the Borrower or any other Loan Party arising out of, in
connection with, or as a result of (i) the execution or delivery of this Agreement, any other Loan
Document or any agreement or instrument contemplated hereby or thereby, the performance by the
parties hereto of their respective obligations hereunder or thereunder, the consummation of the
transactions contemplated hereby or thereby, or, in the case of any Co-Administrative Agent (and
any sub-agent thereof), the Collateral Agent and the Administrator and their Related Parties only,
the administration of this Agreement and the other Loan Documents (including in respect of any
matters addressed in Section 3.01), (ii) any Loan or the use or proposed use of the
proceeds therefrom, (iii) any actual or alleged presence or release of Hazardous Materials on or
from any property owned or operated by the Borrower or any of its Subsidiaries, or any
Environmental Liability related in any way to the Borrower or any of its Subsidiaries, or (iv) any
actual or prospective claim, litigation, investigation or proceeding relating to any of the
foregoing, whether based on contract, tort or any other theory, whether brought by a third party or
by the Company or any other Loan Party, and regardless of whether any Indemnitee is a party
thereto; provided that such indemnity shall not, as to any Indemnitee, be available to the
extent that such losses, claims, damages, liabilities or related expenses (x) are determined by a
court of competent jurisdiction by final and nonappealable judgment to have resulted from the gross
negligence or willful misconduct of such Indemnitee or (y) result from a claim brought by the
Company or any other Loan Party against an Indemnitee for breach in bad faith of such indemnitee’s
obligations hereunder or under any other Loan Document, if the Company or such other Loan Party has
obtained a final and nonappealable judgment in its favor on such claim as determined by a court of
competent jurisdiction.

     (c) Reimbursement by Lenders. To the extent that the Company for any reason fails to
indefeasibly pay any amount required under subsection (a) or (b) of this Section to be paid by it
to any Co-Administrative Agent (or any sub-agent thereof), the Collateral Agent, the Administrator
or any Related Party of any of the foregoing, each Lender severally agrees to pay to such
Co-Administrative Agent (or any such sub-agent), the Collateral Agent, the

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Administrator or such Related Party, as the case may be, such Lender’s Applicable Percentage
(determined as of the time that the applicable unreimbursed expense or indemnity payment is sought)
of such unpaid amount, provided that the unreimbursed expense or indemnified loss, claim,
damage, liability or related expense, as the case may be, was incurred by, or asserted against,
such Co-Administrative Agent (or any such sub-agent), the Collateral Agent or the Administrator in
its capacity as such, or against any Related Party of any of the foregoing acting for such
Co-Administrative Agent (or any such sub-agent), the Collateral Agent or the Administrator in
connection with such capacity. The obligations of the Lenders under this subsection (c) are
subject to the provisions of Section 2.12(d).

     (d) Waiver of Consequential Damages, Etc. To the fullest extent permitted by
applicable law, no Borrower shall assert, and hereby waives, any claim against any Indemnitee, on
any theory of liability, for special, indirect, consequential or punitive damages (as opposed to
direct or actual damages) arising out of, in connection with, or as a result of, this Agreement,
any other Loan Document or any agreement or instrument contemplated hereby, the transactions
contemplated hereby or thereby, any Loan or the use of the proceeds thereof. No Indemnitee
referred to in subsection (b) above shall be liable for any damages arising from the use by
unintended recipients of any information or other materials distributed to such unintended
recipients by such Indemnitee through telecommunications, electronic or other information
transmission systems in connection with this Agreement or the other Loan Documents or the
transactions contemplated hereby or thereby other than for direct or actual damages resulting from
the gross negligence or willful misconduct of such Indemnitee as determined by a final and
nonappealable judgment of a court of competent jurisdiction.

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

     (f) Survival. The agreements in this Section shall survive the resignation of the
Co-Administrative Agents, the Collateral Agent, the Administrator and the replacement of any
Lender, the repayment, satisfaction or discharge of all the other Obligations.

     10.05. Payments Set Aside. To the extent that any payment by or on behalf of the Borrower is
made to any Co-Administrative Agent, the Collateral Agent, the Administrator, or any Lender, or any
Co-Administrative Agent, the Collateral Agent, the Administrator or any Lender exercises its right
of setoff, and such payment or the proceeds of such setoff or any part thereof is subsequently
invalidated, declared to be fraudulent or preferential, set aside or required (including pursuant
to any settlement entered into by such Co-Administrative Agent, the Collateral Agent, the
Administrator or such Lender in its discretion) to be repaid to a trustee, receiver or any other
party, in connection with any proceeding under any Debtor Relief Law or otherwise, then (a) to the
extent of such recovery, the obligation or part thereof originally intended to be satisfied shall
be revived and continued in full force and effect as if such payment had not been made or such
setoff had not occurred, and (b) each Lender severally agrees to pay to the Administrator upon
demand its applicable share (without duplication) of any amount so recovered from or repaid by the
Administrator, plus interest thereon from the date of such demand to the date such payment is made
at a rate per annum equal to the applicable Overnight Rate from time to time in effect, in the
applicable currency of such recovery or payment. The

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obligations of the Lenders under clause (b) of the preceding sentence shall survive the
payment in full of the Obligations and the termination of this Agreement.

     10.06. Successors and Assigns.

     (a) Successors and Assigns Generally. The provisions of this Agreement shall be
binding upon and inure to the benefit of the parties hereto and their respective successors and
assigns permitted hereby, except that no Borrower may assign or otherwise transfer any of its
rights or obligations hereunder without the prior written consent of each of the Co-Administrative
Agents and each Lender and no Lender may assign or otherwise transfer any of its rights or
obligations hereunder except (i) to an Eligible Assignee in accordance with the provisions of
subsection (b) of this Section, (ii) by way of participation in accordance with the provisions of
subsection (d) of this Section, or (iii) by way of pledge or assignment of a security interest
subject to the restrictions of subsection (f) of this Section (and any other attempted assignment
or transfer by any party hereto shall be null and void). Nothing in this Agreement, expressed or
implied, shall be construed to confer upon any Person (other than the parties hereto, their
respective successors and assigns permitted hereby, Participants to the extent provided in
subsection (d) of this Section and, to the extent expressly contemplated hereby, the Related
Parties of each of the Co-Administrative Agents, the Collateral Agent, the Administrator and the
Lenders) any legal or equitable right, remedy or claim under or by reason of this Agreement.

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

     (i) Minimum Amounts. Except in the case of an assignment of the entire
remaining amount of the assigning Lender’s Loans at the time owing to it or in the case of
an assignment to a Lender or an Affiliate of a Lender or an Approved Fund with respect to a
Lender, the principal outstanding balance of the Loans of the assigning Lender subject to
each such assignment, determined as of the date the Assignment and Assumption with respect
to such assignment is delivered to the Administrator or, if “Trade Date” is specified in the
Assignment and Assumption, as of the Trade Date, shall not be less than $5,000,000 unless
each of the Administrator and, so long as no Event of Default has occurred and is
continuing, the Company otherwise consents (each such consent not to be unreasonably
withheld or delayed); provided, however, that concurrent assignments to
members of an Assignee Group and concurrent assignments from members of an Assignee Group to
a single Eligible Assignee (or to an Eligible Assignee and members of its Assignee Group)
will be treated as a single assignment for purposes of determining whether such minimum
amount has been met.

     (ii) Proportionate Amounts. Each partial assignment shall be made as an
assignment of a proportionate part of all the assigning Lender’s rights and obligations
under this Agreement with respect to the Loans assigned;

     (iii) Required Consents. No consent shall be required for any assignment
except to the extent required by subsection (b)(i) of this Section.

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     (iv) Assignment and Assumption. The parties to each assignment shall execute
and deliver to the Administrator an Assignment and Assumption, together with a processing
and recordation fee in the amount of $3,500; provided, however, that the
Administrator may, in its sole discretion, elect to waive such processing and recordation
fee in the case of any assignment. The assignee, if it is not a Lender, shall deliver to
the Administrator an Administrative Questionnaire.

     (v) No Assignment to Borrower’s Affiliates or Subsidiaries. No such assignment
shall be made to any of the Borrower’s Affiliates or Subsidiaries.

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

Subject to acceptance and recording thereof by the Administrator pursuant to subsection (c) of this
Section, from and after the effective date specified in each Assignment and Assumption, the
Eligible Assignee thereunder shall be a party to this Agreement and, to the extent of the interest
assigned by such Assignment and Assumption, have the rights and obligations of a Lender under this
Agreement, and the assigning Lender thereunder shall, to the extent of the interest assigned by
such Assignment and Assumption, be released from its obligations under this Agreement (and, in the
case of an Assignment and Assumption covering all of the assigning Lender’s rights and obligations
under this Agreement, such Lender shall cease to be a party hereto) but shall continue to be
entitled to the benefits of Sections 3.01, 3.04, 3.05, and 10.04
with respect to facts and circumstances occurring prior to the effective date of such assignment.
Upon request, the Borrower (at its expense) shall execute and deliver a Note to the assignee
Lender; provided, however, that to the extent any such Note replaces an existing
Note, such assigning Lender shall use commercially reasonable efforts to return such existing Note
to the Borrower for cancellation. Any assignment or transfer by a Lender of rights or obligations
under this Agreement that does not comply with this subsection shall be treated for purposes of
this Agreement as a sale by such Lender of a participation in such rights and obligations in
accordance with subsection (d) of this Section.

     (c) Register. The Administrator, acting solely for this purpose as an agent of the
Borrower, shall maintain at the Administrator’s Funding Office a copy of each Assignment and
Assumption delivered to it and a register for the recordation of the names and addresses of the
Lenders and principal amounts of the Loans owing to each Lender pursuant to the terms hereof from
time to time (the “Register”). The entries in the Register shall be conclusive, and the
Borrower, each of the Co-Administrative Agents, the Collateral Agent, the Administrator and the
Lenders may treat each Person whose name is recorded in the Register pursuant to the terms hereof
as a Lender hereunder for all purposes of this Agreement, notwithstanding notice to the contrary.
The Register shall be available for inspection by the Borrower, each of the Co-Administrative
Agents, the Collateral Agent and any Lender, at any reasonable time and from time to time upon
reasonable prior notice.

     (d) Participations. Any Lender may at any time, without the consent of, or notice to,
the Borrower, any Co-Administrative Agent, the Collateral Agent or the Administrator, sell
participations to any Person (other than a natural person or the Company or any of the Company’s
Affiliates or Subsidiaries) (each, a “Participant”) in all or a portion of such Lender’s

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rights and/or obligations under this Agreement (including all or a portion of its Loans);
provided that (i) such Lender’s obligations under this Agreement shall remain unchanged,
(ii) such Lender shall remain solely responsible to the other parties hereto for the performance of
such obligations and (iii) the Borrower, each Co-Administrative Agent, the Collateral Agent the
Administrator, the Lenders shall continue to deal solely and directly with such Lender in
connection with such Lender’s rights and obligations under this Agreement.

Any agreement or instrument pursuant to which a Lender sells such a participation shall provide
that such Lender shall retain the sole right to enforce this Agreement and to approve any
amendment, modification or waiver of any provision of this Agreement; provided that such
agreement or instrument may provide that such Lender will not, without the consent of the
Participant, agree to any amendment, waiver or other modification described in the first proviso to
Section 10.01 that affects such Participant. Subject to subsection (e) of this Section,
the Borrower agrees that each Participant shall be entitled to the benefits of Sections
3.01, 3.04 and 3.05 to the same extent as if it were a Lender and had acquired
its interest by assignment pursuant to subsection (b) of this Section. To the extent permitted by
law, each Participant also shall be entitled to the benefits of Section 10.08 as though it
were a Lender, provided such Participant agrees to be subject to Section 2.13 as
though it were a Lender.

     (e) Limitations upon Participant Rights. A Participant shall not be entitled to
receive any greater payment under Section 3.01 or 3.04 than the applicable Lender
would have been entitled to receive with respect to the participation sold to such Participant,
unless the sale of the participation to such Participant is made with the Company’s prior written
consent. A Participant that would be a Foreign Lender if it were a Lender shall not be entitled to
the benefits of Section 3.01 unless the Company is notified of the participation sold to
such Participant and such Participant agrees, for the benefit of the Borrower, to comply with
Section 3.01(e) as though it were a Lender.

     (f) Certain Pledges. Any Lender may at any time pledge or assign a security interest
in all or any portion of its rights under this Agreement (including under its Note(s), if any) to
secure obligations of such Lender, including any pledge or assignment to secure obligations to a
Federal Reserve Bank; provided that no such pledge or assignment shall release such Lender
from any of its obligations hereunder or substitute any such pledgee or assignee for such Lender as
a party hereto.

     10.07. Treatment of Certain Information; Confidentiality. Each Co-Administrative Agent, the
Collateral Agent, the Administrator and the Lenders agrees to maintain the confidentiality of the
Information (as defined below), except that Information may be disclosed (a) to its Affiliates and
to its and its Affiliates’ respective partners, directors, officers, employees, agents, trustees,
advisors and representatives (it being understood that the Persons to whom such disclosure is made
will be informed of the confidential nature of such Information and instructed to keep such
Information confidential), (b) to the extent requested by any regulatory authority purporting to
have jurisdiction over it (including any self-regulatory authority, such as the National
Association of Insurance Commissioners), (c) to the extent required by applicable laws or
regulations or by any subpoena or similar legal process, (d) to any other party hereto, (e) in
connection with the exercise of any remedies hereunder or under any other Loan Document or any
action or proceeding relating to this Agreement or any other Loan Document or the

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enforcement of rights hereunder or thereunder, (f) subject to an agreement containing
provisions substantially the same as those of this Section, to (i) any assignee of or Participant
in, or any prospective assignee of or Participant in, any of its rights or obligations under this
Agreement or any Eligible Assignee invited to be a Lender pursuant to Section 2.15(c) or
(ii) any actual or prospective counterparty (or its advisors) to any swap or derivative transaction
relating to the Borrower and its obligations, (g) with the consent of the Company or (h) to the
extent such Information (x) becomes publicly available other than as a result of a breach of this
Section or (y) becomes available to any Co-Administrative Agent, the Collateral Agent, the
Administrator, any Lender or any of their respective Affiliates on a nonconfidential basis from a
source other than the Company.

     For purposes of this Section, “Information” means all information received from the
Company or any Subsidiary relating to the Company or any Subsidiary or any of their respective
businesses, other than any such information that is available to any Co-Administrative Agent, the
Collateral Agent, the Administrator or any Lender on a nonconfidential basis prior to disclosure by
the Company or any Subsidiary, provided that, in the case of information received from the
Company or any Subsidiary after the date hereof, such information is clearly identified at the time
of delivery as confidential. Any Person required to maintain the confidentiality of Information as
provided in this Section shall be considered to have complied with its obligation to do so if such
Person has exercised the same degree of care to maintain the confidentiality of such Information as
such Person would accord to its own confidential information.

     Each of the Co-Administrative Agents, the Collateral Agent, the Administrator and the Lenders
acknowledges that (a) the Information may include material non-public information concerning the
Company or a Subsidiary, as the case may be, (b) it has developed compliance procedures regarding
the use of material non-public information and (c) it will handle such material non-public
information in accordance with applicable Law, including United States Federal and state securities
Laws.

     10.08. Right of Setoff. If an Event of Default shall have occurred and be continuing, each
Lender and each of their respective Affiliates is hereby authorized at any time and from time to
time, to the fullest extent permitted by applicable law, to set off and apply any and all deposits
(general or special, time or demand, provisional or final, in whatever currency) at any time held
and other obligations (in whatever currency) at any time owing by such Lender or any such Affiliate
to or for the credit or the account of the Borrower against any and all of the obligations of the
Borrower now or hereafter existing under this Agreement or any other Loan Document to such Lender,
irrespective of whether or not such Lender shall have made any demand under this Agreement or any
other Loan Document and although such obligations of the Borrower may be contingent or unmatured or
are owed to a branch or office of such Lender different from the branch or office holding such
deposit or obligated on such indebtedness. The rights of each Lender and their respective
Affiliates under this Section are in addition to other rights and remedies (including other rights
of setoff) that such Lender or their respective Affiliates may have. Each Lender agrees to notify
the Company and each Co-Administrative Agent and the Administrator promptly after any such setoff
and application, provided that the failure to give such notice shall not affect the
validity of such setoff and application.

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     10.09. Interest Rate Limitation. 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
any Co-Administrative Agent, the Administrator 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 the Company. In determining whether the
interest contracted for, charged, or received by any Co-Administrative Agent, the Administrator 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 hereunder.

     10.10. Counterparts; Integration; Effectiveness. This Agreement may be executed in
counterparts (and by different parties hereto in different counterparts), each of which shall
constitute an original, but all of which when taken together shall constitute a single contract.
This Agreement and the other Loan Documents constitute the entire contract among the parties
relating to the subject matter hereof and supersede any and all previous agreements and
understandings, oral or written, relating to the subject matter hereof. Except as provided in
Section 4.01, this Agreement shall become effective when it shall have been executed by
each Co-Administrative Agent and when each Co-Administrative Agent shall have received counterparts
hereof that, when taken together, bear the signatures of each of the other parties hereto.
Delivery of an executed counterpart of a signature page of this Agreement by telecopy or other
electronic imaging means shall be effective as delivery of a manually executed counterpart of this
Agreement.

     10.11. Survival of Representations and Warranties. All representations and warranties made
hereunder and in any other Loan Document or other document delivered pursuant hereto or thereto or
in connection herewith or therewith shall survive the execution and delivery hereof and thereof.
Such representations and warranties have been, or will be, relied upon by each Co-Administrative
Agent, the Collateral Agent, the Administrator and each Lender, regardless of any investigation
made by any Co-Administrative Agent, the Collateral Agent, the Administrator or any Lender or on
their behalf and notwithstanding that any Co-Administrative Agent, the Collateral Agent, the
Administrator or any Lender may have had notice or knowledge of any Default at the time of any
Borrowing, and shall continue in full force and effect as long as any Loan or any other Obligation
hereunder shall remain unpaid or unsatisfied.

     10.12. Severability. If any provision of this Agreement or the other Loan Documents is held
to be illegal, invalid or unenforceable, (a) the legality, validity and enforceability of the
remaining provisions of this Agreement and the other Loan Documents shall not be affected or
impaired thereby and (b) the parties shall endeavor in good faith negotiations to replace the
illegal, invalid or unenforceable provisions with valid provisions the economic effect of which
comes as close as possible to that of the illegal, invalid or unenforceable provisions. The
invalidity of a provision in a particular jurisdiction shall not invalidate or render unenforceable
such provision in any other jurisdiction.

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     10.13. Replacement of Lenders. If (a) any Lender requests compensation under Section
3.04, (b) the Borrower is required to pay any additional amount to any Lender or any
Governmental Authority for the account of any Lender pursuant to Section 3.01, (c) any
Lender determines that it is unlawful for such Lender (but no other Lender) to make, maintain or
fund Eurocurrency Rate Loans, or to determine or charge interest rates based upon the Eurocurrency
Rate, in each case as set forth in Section 3.02, (d) any Lender is a Defaulting Lender or
(e) if any other circumstance exists hereunder that gives the Company the right to replace a Lender
as a party hereto, then the Company may, at its sole expense and effort, upon notice to such
Lender, the Administrator and each Co-Administrative Agent, require such Lender to assign and
delegate, without recourse (in accordance with, and subject to, the restrictions contained in, and
consents required by, Section 10.06), all of its interests, rights and obligations under
this Agreement and the related Loan Documents to an assignee that shall assume such obligations
(which assignee may be another Lender, if a Lender accepts such assignment), provided that:

     (a) the Company shall have paid to the Administrator the assignment fee specified in
Section 10.06(b);

     (b) such Lender shall have received payment of an amount equal to the outstanding principal of
its Loans, accrued interest thereon, accrued fees and all other amounts payable to it hereunder and
under the other Loan Documents (including any amounts under Section 3.05) from the assignee
(to the extent of such outstanding principal and accrued interest and fees) or the Company (in the
case of all other amounts);

     (c) in the case of any such assignment resulting from a claim for compensation under
Section 3.04 or payments required to be made pursuant to Section 3.01, such
assignment will result in a reduction in such compensation or payments thereafter; and

     (d) such assignment does not conflict with applicable Laws.

A Lender shall not be required to make any such assignment or delegation if, prior thereto, as a
result of a waiver by such Lender or otherwise, the circumstances entitling the Company to require
such assignment and delegation cease to apply.

     10.14. Governing Law; Jurisdiction; Etc.

     (a) GOVERNING LAW. THIS AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE
WITH, THE LAW OF THE STATE OF NEW YORK WITHOUT GIVING EFFECT TO THE CHOICE OF LAW PROVISIONS
THEREOF (OTHER THAN SECTIONS 5-1401 AND 5-1402 OF THE NEW YORK GENERAL OBLIGATIONS LAW).

     (b) SUBMISSION TO JURISDICTION. THE BORROWER IRREVOCABLY AND UNCONDITIONALLY SUBMITS,
FOR ITSELF AND ITS PROPERTY, TO THE NONEXCLUSIVE JURISDICTION OF THE COURTS OF THE STATE OF NEW
YORK SITTING IN NEW YORK COUNTY AND OF THE UNITED STATES DISTRICT COURT OF THE SOUTHERN DISTRICT OF
NEW YORK, AND ANY APPELLATE COURT FROM ANY THEREOF, IN ANY ACTION OR PROCEEDING ARISING OUT OF OR
RELATING TO THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT, OR FOR RECOGNITION

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OR ENFORCEMENT OF ANY JUDGMENT, AND EACH OF THE PARTIES HERETO IRREVOCABLY AND UNCONDITIONALLY
AGREES THAT ALL CLAIMS IN RESPECT OF ANY SUCH ACTION OR PROCEEDING MAY BE HEARD AND DETERMINED IN
SUCH NEW YORK STATE COURT OR, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, IN SUCH FEDERAL
COURT. EACH OF THE PARTIES HERETO AGREES THAT A FINAL JUDGMENT IN ANY SUCH ACTION OR PROCEEDING
SHALL BE CONCLUSIVE AND MAY BE ENFORCED IN OTHER JURISDICTIONS BY SUIT ON THE JUDGMENT OR IN ANY
OTHER MANNER PROVIDED BY LAW. NOTHING IN THIS AGREEMENT OR IN ANY OTHER LOAN DOCUMENT SHALL AFFECT
ANY RIGHT THAT ANY CO-ADMINISTRATIVE AGENT, THE COLLATERAL AGENT, THE ADMINISTRATOR, ANY LENDER MAY
OTHERWISE HAVE TO BRING ANY ACTION OR PROCEEDING RELATING TO THIS AGREEMENT OR ANY OTHER LOAN
DOCUMENT AGAINST THE BORROWER OR ITS PROPERTIES IN THE COURTS OF ANY JURISDICTION.

     (c) WAIVER OF VENUE. THE BORROWER IRREVOCABLY AND UNCONDITIONALLY WAIVES, TO THE
FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY OBJECTION THAT IT MAY NOW OR HEREAFTER HAVE TO THE
LAYING OF VENUE OF ANY ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO THIS AGREEMENT OR ANY
OTHER LOAN DOCUMENT IN ANY NEW YORK STATE COURT OR FEDERAL COURT SITTING IN NEW YORK. EACH OF THE
PARTIES HERETO HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, THE
DEFENSE OF AN INCONVENIENT FORUM TO THE MAINTENANCE OF SUCH ACTION OR PROCEEDING IN ANY NEW YORK
STATE COURT OR FEDERAL COURT SITTING IN NEW YORK.

     (d) SERVICE OF PROCESS. EACH PARTY HERETO IRREVOCABLY CONSENTS TO SERVICE OF PROCESS
AT THE PROPERTY ADDRESS PROVIDED FOR NOTICES IN SECTION 10.02 OR AT SUCH OTHER ADDRESS AS
SUCH PARTY SHALL DIRECT FOR SERVICE OF PROCESS BY WRITTEN NOTIFICATION TO THE OTHER PARTIES.
NOTHING IN THIS AGREEMENT WILL AFFECT THE RIGHT OF ANY PARTY HERETO TO SERVE PROCESS IN ANY OTHER
MANNER PERMITTED BY APPLICABLE LAW.

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

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BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION.

     10.16. No Advisory or Fiduciary Responsibility. In connection with all aspects of each
transaction contemplated hereby (including in connection with any amendment, waiver or other
modification hereof or of any other Loan Document), the Borrower acknowledges and agrees, and
acknowledges its Affiliates’ understanding, that: (i) (A) the arranging and other services
regarding this Agreement provided by each Co-Administrative Agent, the Collateral Agent, the
Administrator and each Co-Lead Arranger, are arm’s-length commercial transactions between the
Borrower and its respective Affiliates, on the one hand, and each Co-Administrative Agent, the
Collateral Agent, the Administrator and each Co-Lead Arranger, on the other hand, (B) the Borrower
has consulted its own legal, accounting, regulatory and tax advisors to the extent it has deemed
appropriate, and (C) the Borrower is capable of evaluating, and understands and accepts, the terms,
risks and conditions of the transactions contemplated hereby and by the other Loan Documents; (ii)
(A) each Co-Administrative Agent, the Collateral Agent, the Administrator and each Co-Lead Arranger
each is and has been acting solely as a principal and, except as expressly agreed in writing by the
relevant parties, has not been, is not, and will not be acting as an advisor, agent or fiduciary
for the Borrower or any of its respective Affiliates, or any other Person and (B) no
Co-Administrative Agent, the Collateral Agent, the Administrator nor any Co-Lead Arranger has any
obligation to the Borrower or any of its respective Affiliates with respect to the transactions
contemplated hereby except those obligations expressly set forth herein and in the other Loan
Documents; and (iii) each Co-Administrative Agent, the Collateral Agent, the Administrator and each
Co-Lead Arranger and their respective Affiliates may be engaged in a broad range of transactions
that involve interests that differ from those of the Borrower and its respective Affiliates, and no
Co-Administrative Agent, the Collateral Agent, the Administrator nor any Co-Lead Arranger has any
obligation to disclose any of such interests to the Borrower or any of its respective Affiliates.
To the fullest extent permitted by law, the Borrower hereby waives and releases any claims that it
may have against each Co-Administrative Agent, the Collateral Agent, the Administrator and each
Co-Lead Arranger with respect to any breach or alleged breach of agency or fiduciary duty in
connection with any aspect of any transaction contemplated hereby.

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

     10.18. USA Patriot Act. Each Lender that is subject to the Act (as hereinafter defined) and
each Co-Administrative Agent, the Collateral Agent and the Administrator (for itself and not on
behalf of any Lender) hereby notifies the Borrower that pursuant to the requirements of the USA
PATRIOT Act (Title III of Pub. L. 107-56 (signed into law October 26, 2001)) (the “Act”),
it is required to obtain, verify and record information that identifies the Borrower, which

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information includes the name and address of the Borrower and other information that will
allow such Lender, such Co-Administrative Agent, the Collateral Agent or the Administrator, as
applicable, to identify the Borrower in accordance with the Act. The Borrower shall, promptly
following a request by such Co-Administrative Agent, the Collateral Agent, the Administrator or any
Lender, provide all documentation and other information that such Co-Administrative Agent, the
Collateral Agent, the Administrator or such Lender requests in order to comply with its ongoing
obligations under applicable “know your customer” and anti-money laundering rules and regulations,
including the Act.

     10.19. Judgment Currency. If, for the purposes of obtaining judgment in any court, it is
necessary to convert a sum due hereunder or any other Loan Document in one currency into another
currency, the rate of exchange used shall be that at which in accordance with normal banking
procedures the Administrator could purchase the first currency with such other currency on the
Business Day preceding that on which final judgment is given. The obligation of the Borrower in
respect of any such sum due from it to the Administrator or any Lender hereunder or under the other
Loan Documents shall, notwithstanding any judgment in a currency (the “Judgment Currency”)
other than that in which such sum is denominated in accordance with the applicable provisions of
this Agreement (the “Agreement Currency”), be discharged only to the extent that on the
Business Day following receipt by the Administrator or such Lender, as the case may be, of any sum
adjudged to be so due in the Judgment Currency, the Administrator or such Lender, as the case may
be, may in accordance with normal banking procedures purchase the Agreement Currency with the
Judgment Currency. If the amount of the Agreement Currency so purchased is less than the sum
originally due to the Administrator or any Lender from the Borrower in the Agreement Currency, the
Borrower agrees, as a separate obligation and notwithstanding any such judgment, to indemnify the
Administrator or such Lender, as the case may be, against such loss. If the amount of the
Agreement Currency so purchased is greater than the sum originally due to the Administrator or any
Lender in such currency, the Administrator or such Lender, as the case may be, agrees to return the
amount of any excess to the Borrower (or to any other Person who may be entitled thereto under
applicable law).

     10.20. No Novation. This Agreement does not extinguish the obligations for the payment of
money outstanding under the Original Credit Agreement or discharge or release the obligations under
the Original Credit Agreement. Nothing herein contained shall be construed as a substitution or
novation of the obligations outstanding under the Original Credit Agreement or instruments securing
the same, which shall remain in full force and effect, except as modified hereby or by instruments
executed concurrently herewith. Nothing expressed or implied in this Agreement shall be construed
as a release or other discharge of the Borrower under the Original Credit Agreement from any of its
obligations and liabilities as a “Borrower” thereunder, as modified hereby; provided,
however, that any Default or Event of Default existing under the Original Credit Agreement
is hereby waived as of the Closing Date, except to the extent such Default or Event of Default
constitutes a Default or Event of Default as of the Closing Date under this Agreement, as amended
and restated on the Closing Date. The Borrower hereby confirms and agrees that, except as modified
hereby or by instruments executed concurrently herewith, each Loan Document to which it is a party
is, and shall continue to be, in full force and effect and is hereby ratified and confirmed in all
respects except that on and after the Closing Date all references in any such Loan Document to “the
Credit Agreement,” “thereto,” “thereof,”

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“thereunder” or words of like import referring to the Original Credit Agreement shall mean
this Agreement.

     10.21. Acknowledgment of Prior Obligations and Continuation Thereof. Each Loan Party (a)
consents to the amendment and restatement of the Original Credit Agreement by this Agreement; (b)
acknowledges and agrees that its obligations owing to the Lenders under each of the Original Loan
Documents shall be in respect of the obligations of such Loan Party under this Agreement and the
other Loan Documents; (c) reaffirms all of its obligations owing to the Lenders under each Original
Loan Document and each other Loan Document; and (d) agrees that, except as expressly amended,
restated or modified hereby, each of the Original Loan Documents to which it is a party is and
shall remain in full force and effect; provided, that the parties hereto agree that the
“Foreign Subsidiary Guarantee” (as defined in the Original Credit Agreement) shall be terminated.
The Borrower hereby confirms and agrees that all outstanding principal, interest and fees
(including such accrued and unpaid principal, interest, and fees set forth in the immediately
preceding sentence) and other obligations under the Original Credit Agreement immediately prior to
the date hereof shall, to the extent not paid on the date hereof, from and after the date hereof,
be, without duplication, Obligations owing and payable pursuant to this Agreement and the other
Loan Documents as in effect from time to time, shall accrue interest thereon as specified in this
Agreement, and shall be secured by this Agreement and the other Loan Documents.

[Remainder of page intentionally left blank.]

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     IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly executed as of
the date first above written.

	 	 	 	 	 
	 	KAMAN CORPORATION, as a Borrower

 	 
	 	By:  	/s/ Robert D. Starr
 	 
	 	 	Name:  	Robert D. Starr 	 
	 	 	Title:  	Vice President & Treasurer 	 

Signature
Page to Amended and Restated Term Loan Credit Agreement

 

 

	 	 	 	 	 

	 	 	 	 	 
	 	BANK OF AMERICA, N.A., as

Co-Administrative Agent, Administrator,  

Collateral
Agent and a Lender

 	 
	 	By:  	/s/
Jeffrey J. McLaughlin
	 
	 	 	Name:  	Jeffrey J. McLaughlin	 
	 	 	Title:  	SVP	 

Signature
Page to Amended and Restated Term Loan Credit Agreement

 

 

	 	 	 	 	 

	 	 	 	 	 
	 	THE BANK OF NOVA SCOTIA, as

Co-Administrative Agent and as a Lender

 	 
	 	By:  	/s/
Todd S. Meller	 
	 	 	Name:  	Todd S. Meller	 
	 	 	Title:  	Managing Director	 

Signature
Page to Amended and Restated Term Loan Credit Agreement

 

 

	 	 	 	 	 

	 	 	 	 	 
	 	FIFTH THIRD BANK, as a Lender

 	 
	 	By:  	/s/
Valerie Schanzer	 
	 	 	Name:  	Valerie Schanzer	 
	 	 	Title:  	Vice President	 

Signature
Page to Amended and Restated Term Loan Credit Agreement

 

	 	 	 	 	 
	 	RBS CITIZENS, N.A.

as a Lender

 	 
	 	By:  	/s/
Jeffrey C. Lynch	 
	 	 	Name:  	Jeffrey C. Lynch	 
	 	 	Title:  	SVP	 

Signature
Page to Amended and Restated Term Loan Credit Agreement

 

SCHEDULE 1.01

MANDATORY COST FORMULAE

     1. The Mandatory Cost (to the extent applicable) is an addition to the interest rate to
compensate Lenders for the cost of compliance with:

     (a) the requirements of the Bank of England and/or the Financial Services Authority (or, in
either case, any other authority which replaces all or any of its functions); or

     (b) the requirements of the European Central Bank.

     2. On the first day of each Interest Period (or as soon as possible thereafter) the
Administrator shall calculate, as a percentage rate, a rate (the “Additional Cost Rate”)
for each Lender, in accordance with the paragraphs set out below. The Mandatory Cost will be
calculated by the Administrator as a weighted average of the Lenders’ Additional Cost Rates
(weighted in proportion to the percentage participation of each Lender in the relevant Loan) and
will be expressed as a percentage rate per annum. The Administrator will, at the request of the
Company or any Lender, deliver to the Company or such Lender as the case may be, a statement
setting forth the calculation of any Mandatory Cost.

     3. The Additional Cost Rate for any Lender lending from a Lending Office in a Participating
Member State will be the percentage notified by that Lender to the Administrator. This percentage
will be certified by such Lender in its notice to the Administrator to be its reasonable
determination of the cost (expressed as a percentage of such Lender’s participation in all Loans
made from such Lending Office) of complying with the minimum reserve requirements of the European
Central Bank in respect of Loans made from that Lending Office.

     4. The Additional Cost Rate for any Lender lending from a Lending Office in the United Kingdom
will be calculated by the Administrator as follows:

     (a) in relation to any Loan in Sterling:

	 	 	 
	AB+C(B-D)+E x 0.01

	 	per cent per annum
	100 - (A+C)
	 	 

     (b) in relation to any Loan in any currency other than Sterling:

	 	 	 
	E x 0.01

	 	per cent per annum
	300
	 	 

Where:

	 	“A” 	 	 is the percentage of Eligible Liabilities (assuming these to be in excess of
any stated minimum) which that Lender is from time to time required to maintain as an
interest free cash ratio deposit with the Bank of England to comply with cash ratio
requirements.

 

 

	 	“B” 	 	 is the percentage rate of interest (excluding the Applicable Rate, the
Mandatory Cost and any interest charged on overdue amounts pursuant to the first
sentence of Section 2.08(b) and, in the case of interest (other than on overdue
amounts) charged at the Default Rate, without counting any increase in interest rate
effected by the charging of the Default Rate) payable for the relevant Interest Period
of such Loan.
	 
	 	“C” 	 	 is the percentage (if any) of Eligible Liabilities which that Lender is
required from time to time to maintain as interest bearing Special Deposits with the
Bank of England.
	 
	 	“D” 	 	 is the percentage rate per annum payable by the Bank of England to the
Administrator on interest bearing Special Deposits.
	 
	 	“E” 	 	 is designed to compensate Lenders for amounts payable under the Fees Rules and
is calculated by the Administrator as being the average of the most recent rates of
charge supplied by the Lenders to the Administrator pursuant to paragraph 7
below and expressed in pounds per £1,000,000.

     5. For the purposes of this Schedule:

     (a) “Eligible Liabilities” and “Special Deposits” have the meanings given to
them from time to time under or pursuant to the Bank of England Act 1998 or (as may be appropriate)
by the Bank of England;

     (b) “Fees Rules” means the rules on periodic fees contained in the FSA Supervision
Manual or such other law or regulation as may be in force from time to time in respect of the
payment of fees for the acceptance of deposits;

     (c) “Fee Tariffs” means the fee tariffs specified in the Fees Rules under the activity
group A.1 Deposit acceptors (ignoring any minimum fee or zero rated fee required pursuant to the
Fees Rules but taking into account any applicable discount rate); and

     (d) “Tariff Base” has the meaning given to it in, and will be calculated in accordance
with, the Fees Rules.

     6. In application of the above formulae, A, B, C and D will be included in the formulae as
percentages (i.e. 5% will be included in the formula as 5 and not as 0.05). A negative result
obtained by subtracting D from B shall be taken as zero. The resulting figures shall be rounded to
four decimal places.

     7. If requested by the Administrator or the Company, each Lender with a Lending Office in the
United Kingdom or a Participating Member State shall, as soon as practicable after publication by
the Financial Services Authority, supply to the Administrator and the Company, the rate of charge
payable by such Lender to the Financial Services Authority pursuant to the Fees Rules in respect of
the relevant financial year of the Financial Services Authority (calculated for this purpose by
such Lender as being the average of the Fee Tariffs applicable to

 

 

such Lender for that financial year) and expressed in pounds per £1,000,000 of the Tariff Base
of such Lender.

     8. Each Lender shall supply any information required by the Administrator for the purpose of
calculating its Additional Cost Rate. In particular, but without limitation, each Lender shall
supply the following information in writing on or prior to the date on which it becomes a Lender:

     (a) the jurisdiction of the Lending Office out of which it is making available its
participation in the relevant Loan; and

     (b) any other information that the Administrator may reasonably require for such purpose.

     Each Lender shall promptly notify the Administrator in writing of any change to the
information provided by it pursuant to this paragraph.

     9. The percentages of each Lender for the purpose of A and C above and the rates of charge of
each Lender for the purpose of E above shall be determined by the Administrator based upon the
information supplied to it pursuant to paragraphs 7 and 8 above and on the assumption that, unless
a Lender notifies the Administrator to the contrary, each Lender’s obligations in relation to cash
ratio deposits and Special Deposits are the same as those of a typical bank from its jurisdiction
of incorporation with a lending office in the same jurisdiction as its Lending Office.

     10. The Administrator shall have no liability to any Person if such determination results in
an Additional Cost Rate which over- or under-compensates any Lender and shall be entitled to assume
that the information provided by any Lender pursuant to paragraphs 3, 7 and 8 above is true and
correct in all respects.

     11. The Administrator shall distribute the additional amounts received as a result of the
Mandatory Cost to the Lenders on the basis of the Additional Cost Rate for each Lender based on the
information provided by each Lender pursuant to paragraphs 3, 7 and 8 above.

     12. Any determination by the Administrator pursuant to this Schedule in relation to a formula,
the Mandatory Cost, an Additional Cost Rate or any amount payable to a Lender shall, in the absence
of manifest error, be conclusive and binding on all parties hereto.

     13. The Administrator may from time to time, after consultation with the Company and the
Lenders, determine and notify to all parties any amendments which are required to be made to this
Schedule in order to comply with any change in law, regulation or any requirements from time to
time imposed by the Bank of England, the Financial Services Authority or the European Central Bank
(or, in any case, any other authority which replaces all or any of its functions) and any such
determination shall, in the absence of manifest error, be conclusive and binding on all parties
hereto.exv10w3

Exhibit 10.3

Execution Version

SECURITY AGREEMENT

     SECURITY AGREEMENT (this “Agreement”), dated as of September 17, 2009, among (a) KAMAN
CORPORATION, a Connecticut corporation (the “Company”), (b) KAMAN AEROSPACE GROUP, INC., a
Connecticut corporation, KAMATICS CORPORATION, a Connecticut corporation, KAMAN PRECISION PRODUCTS,
INC., a Florida corporation, KAMAN AEROSPACE CORPORATION, a Delaware corporation, KAMAN
AEROSTRUCTURES GROUP — WICHITA, INC., a Delaware corporation, KAMAN AEROSTRUCTURES — WICHITA, INC.,
a Delaware corporation, KAMAN INDUSTRIAL TECHNOLOGIES CORPORATION, a Connecticut corporation, KAMAN
X CORPORATION, a Connecticut corporation, and K-MAX CORPORATION, a Connecticut corporation (each a
“Guarantor”, and collectively, the “Guarantors”), (c) each other party as shall
from time to time become a party hereto (each such other party, the Company and the Guarantors
being hereinafter referred to from time to time, individually, as a “Grantor” and,
collectively, as the “Grantors”) and (d) BANK OF AMERICA, N.A. (“Bank of America”),
as collateral agent (hereinafter, in such capacity, the “Collateral Agent”) for the Senior
Secured Parties under, and as defined in, the Intercreditor Agreement, dated as of the date hereof
(as amended, restated, extended, supplemented, modified and otherwise in effect from time to time,
the “Intercreditor Agreement”), by and among the Revolving Loan Administrator, the Term
Loan Administrator and the Collateral Agent and acknowledged by the Loan Parties (as defined in the
Intercreditor Agreement) signatory thereto.

     WHEREAS, (a) the Company, the Collateral Agent, the lenders party thereto from time to time
(the “Revolving Loan Lenders”), Bank of America and The Bank of Nova Scotia, each as a
Co-Administrative Agent for the Revolving Loan Lenders, Bank of America, as Administrator for the
Revolving Loan Lenders (the “Revolving Loan Administrator”) and as Collateral Agent, RBS
Citizens, National Association, as Syndication Agent, and certain other parties thereto from time
to time, have entered into that certain Revolving Credit Agreement, dated as of the date hereof (as
amended, restated, extended, supplemented, modified and otherwise in effect from time to time, the
“Revolving Credit Agreement”), (b) the Guarantors have entered into a Domestic Subsidiary
Guarantee pursuant to which they have Guaranteed the Obligations (as defined in the Revolving
Credit Agreement), (c) the Company, the Collateral Agent, the lenders party thereto from time to
time (the “Term Loan Lenders”), Bank of America and The Bank of Nova Scotia, each as a
Co-Administrative Agent for the Term Loan Lenders, Bank of America, as Administrator for the Term
Loan Lenders (the “Term Loan Administrator”), and certain other parties thereto from time
to time, have entered into that certain Amended and Restated Term Loan Credit Agreement, dated as
of the date hereof (as amended, restated, extended, supplemented, modified and otherwise in effect
from time to time, the “Term Loan Credit Agreement” and together with the Revolving Credit
Agreement, the “Credit Agreements”), and (d) the Guarantors have entered into a Domestic
Subsidiary Guarantee pursuant to which they have Guaranteed the Obligations (as defined in the Term
Loan Credit Agreement);

 

 

     WHEREAS, it is (i) a condition precedent to the Revolving Loan Lenders making any loans or
otherwise extending credit to the Borrowers under, and as defined in, the Revolving Credit
Agreement and (ii) a requirement under the Term Loan Credit Agreement that the Grantors execute and
deliver to the Collateral Agent, for the benefit of the Senior Secured Parties, a security
agreement in substantially the form hereof; and

     WHEREAS, each Grantor wishes to grant a security interest in favor of the Collateral Agent,
for the benefit of the Senior Secured Parties, as herein provided;

     NOW, THEREFORE, in consideration of the promises contained herein and for other good and
valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties
hereto hereby agree as follows:

     1. Definitions. All capitalized terms used herein without definitions shall have the
respective meanings provided therefor in the Intercreditor Agreement. The term “State”, as used
herein, means the State of New York. All terms defined in the Uniform Commercial Code of the State
and used herein shall have the same definitions herein as specified therein. However, if a term is
defined in Article 9 of the Uniform Commercial Code of the State differently than in another
Article of the Uniform Commercial Code of the State, the term has the meaning specified in Article
9. The term “electronic document” applies in the event that the 2003 revisions to Article 7, with
amendments to Article 9, of the Uniform Commercial Code, in substantially the form approved by the
American Law Institute and the National Conference of Commissioners on Uniform State Laws, are now
or hereafter adopted and become effective in the State or in any other relevant jurisdiction.

     2. Security Interest.

     2.1. Grant of Security Interest. Each Grantor hereby grants to the Collateral
Agent, for the benefit of the Senior Secured Parties, to secure the payment and performance
in full of all of the Senior Obligations, a security interest in and pledges and assigns to
the Collateral Agent, for the benefit of the Senior Secured Parties, the following
properties, assets and rights of such Grantor, wherever located, whether now owned or
hereafter acquired or arising, and all proceeds and products thereof (all of the same being
hereinafter called the “Collateral”): all personal and fixture property of every
kind and nature including all goods (including inventory, equipment and any accessions
thereto), instruments (including promissory notes), documents (including, if applicable,
electronic documents), accounts (including health-care-insurance receivables), chattel paper
(whether tangible or electronic), letter-of-credit rights (whether or not the letter of
credit is evidenced by a writing), commercial tort claims, securities and all other
investment property (subject to Sections 2.2 and 5.1), money, cash or cash
equivalents, supporting obligations, any other contract rights or rights to the payment of
money, insurance claims, all general intangibles (including all payment intangibles,
software and intellectual property), and any books, records or information relating to the
foregoing and any proceeds of the foregoing. The Collateral Agent acknowledges that the
attachment of its security interest in any commercial tort claim of any Grantor as original
collateral is subject to such Grantor’s compliance with Section 4.8.

-2-

 

     2.2. Non-Transferable Collateral. (a) The grant of the security interest
contained in Section 2.1 shall not extend to, and the term “Collateral” shall not
include (a) any personal property of any Grantor constituting “Equipment for Sale” (the
“Excluded Inventory”) as defined in that certain Settlement Deed dated March 19,
2008, by and among The Commonwealth of Australia as represented by the Department of
Defense, Kaman Aerospace International Corporation, Kaman Aerospace Corporation, and Kaman
Corporation (as amended prior to the date hereof, the “Settlement Agreement”), to
the extent that the Settlement Agreement prohibits the granting of a security interest in
any Excluded Inventory, (b) any directly held investment property, or any general
intangibles, now or hereafter held or owned by the Grantors, to the extent, in each case,
that (i) a security interest may not be granted by the Grantors in such directly held
investment property or general intangibles as a matter of law, or under the terms of the
governing document applicable thereto, without the consent of one or more applicable parties
thereto and (ii) such consent has not been obtained, or (c) more than 66% of the Equity
Interests (as defined in each Credit Agreement) of any first-tier Foreign Subsidiary (as
defined in each Credit Agreement), and, to the extent not yet paid to such Grantor, the
corresponding proportion of dividends, distributions, interest and other payments with
respect thereto.

     (b) The grant of the security interest contained in Section 2.1 shall
extend to, and the term “Collateral” shall include, (i) any and all proceeds of the
Excluded Inventory, which any Grantor is entitled to retain under the terms of the
Settlement Agreement, and such directly held investment property or general
intangibles to the extent that such proceeds are not themselves directly held
investment property or general intangibles subject to Section 2.2(a) and
(ii) upon any such applicable party or parties’ consent with respect to any
otherwise excluded Excluded Inventory, directly held investment property or general
intangibles being obtained, thereafter such Excluded Inventory, directly held
investment property or general intangibles.

     (c) The provisions of Section 2.2(a) shall not apply to (i) directly
held investment property or general intangibles to the extent that the restriction
on the Grantor granting a security interest therein is not effective under
applicable law or (ii) payment intangibles.

     3. Authorization to File Financing Statements. Each Grantor hereby irrevocably
authorizes the Collateral Agent at any time and from time to time to file in any filing office in
any Uniform Commercial Code jurisdiction any initial financing statements and amendments thereto
that (a) indicate the Collateral (i) as all assets of such Grantor or words of similar effect,
regardless of whether any particular asset comprised in the Collateral falls within the scope of
Article 9 of the Uniform Commercial Code of the State or such other jurisdiction, or (ii) as being
of an equal or lesser scope or with greater detail, and (b) provide any other information required
by part 5 of Article 9 of the Uniform Commercial Code of the State or such other jurisdiction for
the sufficiency or filing office acceptance of any financing statement or amendment, including (x)
whether such Grantor is an organization, the type of organization and any organizational
identification number issued to such Grantor and, (y) in the case of a financing statement filed as

-3-

 

a fixture filing or indicating Collateral as as-extracted collateral or timber to be cut, a
sufficient description of real property to which the Collateral relates. Each Grantor agrees to
furnish any such information to the Collateral Agent promptly upon the Collateral Agent’s request.
Each Grantor also ratifies its authorization for the Collateral Agent to have filed in any Uniform
Commercial Code jurisdiction any like initial financing statements or amendments thereto if filed
prior to the date hereof, with all costs and expenses to be at the Grantors’ expense.

     4. Other Actions. Further to insure the attachment, perfection and first priority of,
and the ability of the Collateral Agent to enforce, the Collateral Agent’s security interest in the
Collateral, each Grantor agrees, in each case at such Grantor’s expense, to take the following
actions with respect to the following Collateral and without limitation on such Grantor’s other
obligations contained in this Agreement:

     4.1. Promissory Notes and Tangible Chattel Paper. If any Grantor shall, now or
at any time hereafter, hold or acquire any promissory notes or tangible chattel paper (a)
individually having a face value in excess of $1,000,000 (each, a “Material Note”)
or (b) collectively, including the sum of (i) the promissory notes and tangible chattel
paper of all Grantors (collectively, the “Excess Notes”) together with (ii) the
electronic chattel paper, electronic documents and other “transferrable records,” as that
term is defined in Section 201 of the federal Electronic Signatures in Global and National
Commerce Act, or in Section 16 of the Uniform Electronic Transactions Act as in effect in
any relevant jurisdiction, of all Grantors (collectively, the “Excess Electronic Chattel
Paper” and, together with the Excess Notes, the “Excess Notes/Chattel Paper”),
having a face value in excess of $5,000,000 in the aggregate, such Grantor shall forthwith
(A) endorse, assign and deliver to the Collateral Agent each such Material Note and, (B) to
the extent the Excess Notes/Chattel Paper have a face value in excess of $5,000,000 in the
aggregate, (1) endorse, assign and deliver to the Collateral Agent such Excess Notes having
the highest face value (collectively with the Material Notes, the “Pledged Debt”)
pursuant to this Section or (2) take such action as the Collateral Agent may reasonably
request to vest in the Collateral Agent control of such Excess Electronic Chattel Paper
having the highest face value pursuant to Section 4.6, such that the aggregate face value of
the remaining Excess Notes that are not endorsed, assigned and delivered to the Collateral
Agent pursuant to this Section and the remaining Excess Electronic Chattel Paper that are
not in control of the Collateral Agent pursuant to Section 4.6, shall not exceed $5,000,000
in the aggregate, and, in each case of a required endorsement, assignment and delivery,
accompanied by such instruments of transfer or assignment duly executed in blank as the
Collateral Agent may from time to time specify.

     4.2. Deposit Accounts. For each deposit account that any Grantor, now or at
any time hereafter, opens or maintains, such Grantor shall, at the Collateral Agent’s
reasonable request and option, pursuant to an agreement in form and substance reasonably
satisfactory to the Collateral Agent, either (a) cause the depositary bank to agree to
comply without further consent of such Grantor, at any time with instructions from the
Collateral Agent to such depositary bank directing the disposition of funds from time to
time credited to such deposit account, or (b) arrange for the Collateral Agent to become the
customer of the depositary bank with respect to the deposit account, with

-4-

 

such Grantor being permitted, only with the consent of the Collateral Agent, to
exercise rights to withdraw funds from such deposit account. The Collateral Agent agrees
with each Grantor that the Collateral Agent shall not give any such instructions pursuant to
clause (a) above or withhold any withdrawal rights from any Grantor pursuant to clause (b)
above, unless an Event of Default has occurred and is continuing or would occur if effect
were given to any withdrawal not otherwise permitted by the Loan Documents (as defined in
each Credit Agreement). The provisions of this paragraph shall not apply to any deposit
accounts specially and exclusively used for payroll, payroll taxes and other employee wage
and benefit payments to or for the benefit of any Grantor’s employees.

     4.3. Investment Property. Subject to Section 2.2, if any Grantor
shall, now or at any time hereafter, hold or acquire any certificated securities of any
Subsidiary, such Grantor shall forthwith endorse, assign and deliver the same to the
Collateral Agent, accompanied by such instruments of transfer or assignment duly executed in
blank as the Collateral Agent may from time to time specify. If any securities now or
hereafter acquired by any Grantor are (a) (i) uncertificated or (ii) certificated and issued
by a Person other than a Subsidiary, (b) issued to such Grantor or its nominee directly by
the issuer thereof, and (c) (i) individually have a principal amount or value in excess of
$1,000,000 in the aggregate (each a “Material Security”) or (ii) collectively, with
such securities of all Grantors, have a principal amount in excess of $5,000,000 in the
aggregate, such Grantor shall immediately notify the Collateral Agent thereof and, at the
Collateral Agent’s request and option, pursuant to an agreement in form and substance
reasonably satisfactory to the Collateral Agent, either (A) cause the issuer to agree to
comply, without further consent of such Grantor or such nominee, at any time with
instructions from the Collateral Agent as to each Material Security and, to the extent such
securities of all Grantors have a principal amount or value in excess of $5,000,000 in the
aggregate, such securities having the highest principal amounts (collectively, the
“Excess Securities” and, together with the Material Securities, the “Pledged
Securities”) such that the aggregate principal amount or value of the remaining
securities shall not exceed $5,000,000 or (B) arrange for the Collateral Agent to become the
registered owner of the Pledged Securities. If any securities, whether certificated or
uncertificated, or other investment property now or hereafter acquired by any Grantor are
held by such Grantor or its nominee through a securities intermediary or commodity
intermediary and constitute Pledged Securities, such Grantor shall immediately notify the
Collateral Agent thereof and, at the Collateral Agent’s request and option, pursuant to an
agreement in form and substance reasonably satisfactory to the Collateral Agent, either (1)
cause such securities intermediary or (as the case may be) commodity intermediary to agree
to comply, in each case without further consent of such Grantor or such nominee, at any time
with entitlement orders or other instructions from the Collateral Agent to such securities
intermediary as to such Pledged Securities, or (as the case may be) to apply any value
distributed on account of any commodity contract as directed by the Collateral Agent to such
commodity intermediary, or (2) in the case of Pledged Securities held through a securities
intermediary, arrange for the Collateral Agent to become the entitlement holder with respect
to such Pledged Securities, with such Grantor being permitted, only with the consent of the
Collateral Agent, to exercise rights to withdraw or otherwise deal with such investment
property. The Collateral Agent agrees with each

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Grantor that the Collateral Agent shall not give any such entitlement orders or
instructions or directions to any such issuer, securities intermediary or commodity
intermediary pursuant to clauses (A) or (1) above, and shall not withhold its consent to the
exercise of any withdrawal or dealing rights by such Grantor pursuant to clauses (B) or (2)
above, unless an Event of Default has occurred and is continuing or would occur after giving
effect to any such investment and withdrawal rights not otherwise permitted by the Loan
Documents (as defined in each Credit Agreement). The provisions of this paragraph shall not
apply to any financial assets credited to a securities account for which the Collateral
Agent is the securities intermediary.

     4.4. Collateral in the Possession of a Bailee. If any Collateral of any
Grantor constituting at least 5% of the total book value of the assets of the Company and
its Subsidiaries is, now or at any time hereafter, in the possession of a bailee at a
particular location, such Grantor shall promptly notify the Collateral Agent thereof and
shall promptly obtain an acknowledgement from the bailee with respect to such location, in
form and substance reasonably satisfactory to the Collateral Agent, that the bailee holds
such Collateral for the benefit of the Collateral Agent and such bailee’s agreement to
comply, without further consent of such Grantor, at any time with instructions of the
Collateral Agent, as to such Collateral. The Collateral Agent agrees with each Grantor that
the Collateral Agent shall not give any such instructions unless an Event of Default has
occurred and is continuing or would occur after taking into account any action by such
Grantor with respect to the bailee.

     4.5. Landlord Waivers. If any Collateral of any Grantor constituting at least
5% of the total book value of the assets of the Company and its Subsidiaries is, now or at
any time hereafter, located at a leased property, such Grantor shall promptly notify the
Collateral Agent thereof and shall promptly obtain a landlord waiver in form and substance
reasonably satisfactory to the Collateral Agent with respect to such location.

     4.6. Electronic Chattel Paper, Electronic Documents and Transferable Records.
If any Grantor, now or at any time hereafter, holds or acquires an interest in any
electronic chattel paper, any electronic document or any “transferable record,” (a)
individually having a face value in excess of $1,000,000 (each a “Material Electronic
Paper”) or (b) collectively, including the sum of all Excess Notes/Chattel Paper, having
a face value in excess of $5,000,000 in the aggregate, such Grantor shall (i) promptly
notify the Collateral Agent thereof and, at the request and option of the Collateral Agent,
shall take such action as the Collateral Agent may reasonably request to vest in the
Collateral Agent control of such Material Electronic Paper, under Section 9-105 of the
Uniform Commercial Code of the State or any other relevant jurisdiction, Section 7-106 of
the Uniform Commercial Code of the State or any other relevant jurisdiction, Section 201 of
the federal Electronic Signatures in Global and National Commerce Act or Section 16 of the
Uniform Electronic Transactions Act, as so in effect in such jurisdiction, as applicable,
and, (ii) to the extent the Excess Notes/Chattel Paper have a face value in excess of
$5,000,000 in the aggregate, (A) endorse, assign and deliver to the Collateral Agent such
Excess Notes having the highest face value pursuant to Section 4.1 or (B) take such action
as the Collateral Agent may reasonably request to vest in the Collateral

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Agent control of such Excess Electronic Chattel Paper having the highest face value
pursuant to this Section, such that the aggregate face value of the remaining Excess Notes
that are not endorsed, assigned and delivered to the Collateral Agent pursuant to Section
4.1 and the remaining Excess Electronic Chattel Paper that are not in control of the
Collateral Agent pursuant to this Section, shall not exceed $5,000,000 in the aggregate.
The Collateral Agent agrees with each Grantor that the Collateral Agent will arrange,
pursuant to procedures satisfactory to the Collateral Agent and so long as such procedures
will not result in the Collateral Agent’s loss of control, for such Grantor to make
alterations to the electronic chattel paper, electronic document or transferable record
permitted under UCC Section 9-105, UCC Section 7-106, or, as the case may be, Section 201 of
the federal Electronic Signatures in Global and National Commerce Act or Section 16 of the
Uniform Electronic Transactions Act for a party in control to make without loss of control,
unless an Event of Default has occurred and is continuing or would occur after taking into
account any action by such Grantor with respect to such electronic chattel paper, electronic
document or transferable record. The provisions of this Section 4.6 relating to
electronic documents and “control” under UCC Section 7-106 apply in the event that the 2003
revisions to Article 7, with amendments to Article 9, of the Uniform Commercial Code, in
substantially the form approved by the American Law Institute and the National Conference of
Commissioners on Uniform State Laws, are now or hereafter adopted and become effective in
the State or in any other relevant jurisdiction.

     4.7. Letter-of-Credit Rights. If any Grantor is, now or at any time hereafter,
a beneficiary under a letter of credit now or hereafter (a) individually having a maximum
amount that may be drawn in excess of $1,000,000 in the aggregate (each, a “Material
Letter of Credit”) or (b) collectively, with the letters of credit of all Grantors,
having a maximum amount that may be drawn in excess of $5,000,000 in the aggregate, such
Grantor shall promptly notify the Collateral Agent thereof and, at the request and option of
the Collateral Agent, such Grantor shall, pursuant to an agreement in form and substance
satisfactory to the Collateral Agent, either (A) arrange for the issuer and any confirmer or
other nominated person of each such Material Letter of Credit and, to the extent all such
letters of credit of the Grantors have a maximum amount that may be drawn in excess of
$5,000,000 in the aggregate, such letters of credit having the highest amounts that may be
drawn (collectively, the “Excess Letters of Credit” and, together with the Material
Letters of Credit, the “Pledged Letters of Credit”), such that the aggregate maximum
amount that may be drawn on such letters of credit which are not Pledged Letters of Credit
does not exceed $5,000,000, to consent to an assignment to the Collateral Agent of the
proceeds of the Pledged Letters of Credit or (B) arrange for the Collateral Agent to become
the transferee beneficiary of such Pledged Letters of Credit, it being understood that, in
each case, the proceeds of such Pledged Letters of Credit shall be delivered to the
applicable Grantor unless an Event of Default has occurred and is continuing, in which event
the proceeds of such Pledged Letters of Credit shall be applied to the Senior Obligations,
subject to the terms of the Intercreditor Agreement, as provided in Section 8.03 of each
Credit Agreement.

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     4.8. Commercial Tort Claims. If any Grantor shall, now or at any time
hereafter, hold or acquire a commercial tort claim, such Grantor shall promptly notify the
Collateral Agent in a writing signed by such Grantor of the particulars thereof and grant to
the Collateral Agent, for the benefit of the Senior Secured Parties, in such writing a
security interest therein and in the proceeds thereof, all upon the terms of this Agreement,
with such writing to be in form and substance satisfactory to the Collateral Agent. Such
notice shall be deemed to be an amendment to such Grantor’s Perfection Certificate with
respect to such commercial tort claim.

     4.9. Federal Assignment of Claims Act. In addition to the account debtors
listed on Schedule 8 hereto, to the extent any other account debtors or other persons
obligated on any account constituting Collateral with an aggregate value in excess of
$15,000,000 during any fiscal year is a governmental authority covered by the Federal
Assignment of Claims Act or like federal, state or local statute or rule in respect of the
applicable Collateral, the applicable Grantor shall notify the Collateral Agent and provide
the Collateral Agent all necessary approvals and documentation to evidence compliance and
satisfaction with the requirements of such statute, which evidence shall be in form and
substance reasonably satisfactory to the Collateral Agent.

     4.10. Equipment For Sale. Each Grantor agrees that it will include on each
Compliance Certificate delivered pursuant to Section 6.01 of each Credit Agreement (i) a
reasonably detailed description of any Excluded Inventory sold during the applicable fiscal
year or fiscal quarter, as the case may be, (ii) the aggregate amount of proceeds arising
from such sale or sales, (iii) the amount of such proceeds to be retained by such Grantor,
and (iv) a certification as to such Grantor’s actual receipt of such proceeds.

     4.11. Other Actions as to Any and All Collateral. Each Grantor further agrees
upon the request of the Collateral Agent and at the Collateral Agent’s option, to take any
and all other actions as the Collateral Agent may reasonably determine to be necessary or
useful for the attachment, perfection and first priority of, and the ability of the
Collateral Agent to enforce, the Collateral Agent’s security interest in any and all of the
Collateral including (a) executing, delivering and, where appropriate, filing financing
statements and amendments relating thereto under the Uniform Commercial Code of any relevant
jurisdiction, to the extent, if any, that such Grantor’s signature thereon is required
therefor, (b) causing the Collateral Agent’s name to be noted as secured party on any
certificate of title for a titled good if such notation is a condition to attachment,
perfection or priority of, or ability of the Collateral Agent to enforce, the Collateral
Agent’s security interest in such Collateral, (c) complying with any provision of any
statute, regulation or treaty of the United States as to any Collateral if compliance with
such provision is a condition to attachment, perfection or priority of, or ability of the
Collateral Agent to enforce, the Collateral Agent’s security interest in such Collateral,
(d) obtaining governmental and other third party waivers, consents and approvals, in form
and substance satisfactory to the Collateral Agent including any consent of any licensor,
lessor or other person obligated on Collateral and any party or parties whose consent is
required for the security interest of the Collateral Agent to attach under Section
2, (e) using commercially reasonable efforts to obtain waivers from landlords in form
and

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substance satisfactory to the Collateral Agent in addition to those required pursuant
to Section 4.5, and (f) taking all actions under any earlier versions of the Uniform
Commercial Code or under any other law, as reasonably determined by the Collateral Agent to
be applicable in any relevant Uniform Commercial Code or other jurisdiction, including any
foreign jurisdiction.

     5. Relation to Other Senior Collateral Documents. The provisions of this Agreement
shall be read and construed with the other Senior Collateral Documents referred to below in the
manner so indicated.

     5.1. Securities Pledge Agreement. Concurrently herewith certain of the
Grantors are executing and delivering to the Collateral Agent, for the benefit of the Senior
Secured Parties, a securities pledge agreement pursuant to which each Grantor party thereto
is pledging to the Collateral Agent, for the benefit of the Senior Secured Parties, all of
its Equity Interests in its Domestic Subsidiaries (as defined in each Credit Agreement) and
66% of its Equity Interests in its first-tier Foreign Subsidiaries (as defined in each
Credit Agreement). Such pledges shall be governed by the terms of such securities pledge
agreement and not by the terms of this Agreement.

     5.2. Patent and Trademark Agreements. Concurrently herewith the Grantors are
executing and delivering to the Collateral Agent, for the benefit of the Senior Secured
Parties, a Patent Collateral Assignment and Security Agreement (the “Patent Security
Agreement”) and a Trademark Collateral Security and Pledge Agreement (the “Trademark
Security Agreement”) pursuant to which the Grantors are assigning to the Collateral
Agent, for the benefit of the Senior Secured Parties, certain Collateral consisting of
patents and patent rights and trademarks, service marks and trademark and service mark
rights, together with the goodwill appurtenant thereto. The provisions of the Patent
Security Agreement and the Trademark Security Agreement are supplemental to the provisions
of this Agreement, and nothing contained in the Patent Security Agreement or the Trademark
Security Agreement shall derogate from any of the rights or remedies of the Collateral Agent
or any of the Senior Secured Parties hereunder. Neither the delivery of, nor anything
contained in, the Patent Security Agreement or the Trademark Security Agreement shall be
deemed to prevent or postpone the time of attachment or perfection of any security interest
in such Collateral created hereby.

     5.3. Copyright Memorandum. Concurrently herewith the Grantors are executing
and delivering to the Collateral Agent, for the benefit of the Senior Secured Parties, for
recording in the United States Copyright Office (the “Copyright Office”), a
Memorandum of Grant of Security Interest in Copyrights (the “Copyright Security
Agreement”). Each Grantor represents and warrants to the Senior Secured Parties that
Schedule A to such Copyright Security Agreement identifies all now existing material
copyrights, identified, where applicable, by title, author and/or Copyright Office
registration number and date.

     6. Representations and Warranties Concerning Grantors’ Legal Status. Each Grantor has
previously delivered to the Collateral Agent a certificate signed by such Grantor and

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entitled “Perfection Certificate” (each, a “Perfection Certificate”). Each Grantor
represents and warrants to the Senior Secured Parties as follows: (a) such Grantor’s exact legal
name is that indicated on its Perfection Certificate and on the signature page hereof, (b) such
Grantor is an organization of the type, and is organized in the jurisdiction, set forth in its
Perfection Certificate, (c) the Perfection Certificate of the applicable Grantor accurately sets
forth such Grantor’s organizational identification number or accurately states that such Grantor
has none, (d) the Perfection Certificate of the applicable Grantor accurately sets forth such
Grantor’s place of business or, if more than one, its chief executive office as well as such
Grantor’s mailing address if different and (e) all other information set forth on the Perfection
Certificate of the applicable Grantor pertaining to such Grantor is accurate and complete in all
material respects.

     7. Covenants Concerning Grantors’ Legal Status. Each Grantor covenants with the
Senior Secured Parties and the Collateral Agent as follows: (a) without providing at least thirty
(30) days prior written notice to the Collateral Agent, such Grantor will not change its name, its
place of business or, if more than one, chief executive office, or its mailing address or
organizational identification number if it has one, (b) if such Grantor does not have an
organizational identification number and later obtains one, such Grantor will promptly (but in any
event not later than five (5) Business Days thereafter) notify the Collateral Agent of such
organizational identification number, and (c) such Grantor will not change its type of
organization, jurisdiction of organization or other legal structure, except as permitted by Section
7.04 of each Credit Agreement.

     8. Representations and Warranties Concerning Collateral, Etc. Each Grantor further
represents and warrants to the Senior Secured Parties and the Collateral Agent as follows: (a) such
Grantor is the owner of, or has other rights in, or power to transfer, the Collateral, free from
any right or claim of any person or any adverse Lien, except for the security interest created by
this Agreement and other Liens permitted by the Credit Agreements, (b) none of the Collateral
constitutes, or is the proceeds of, “farm products” as defined in Section 9-102(a)(34) of the
Uniform Commercial Code of the State, (c) other than the account debtors existing on the date
hereof and listed on Schedule 8 attached hereto, and any other account debtors with respect
to which notice has been provided to the Collateral Agent in compliance with Section 4.9,
none of the account debtors or other persons obligated on any of the Collateral with an aggregate
value in excess of $15,000,000 during any fiscal year is a governmental authority covered by the
Federal Assignment of Claims Act or like federal, state or local statute or rule in respect of such
Collateral, (d) to the best of its knowledge, such Grantor holds no commercial tort claim except as
indicated on its Perfection Certificate, (e) such Grantor has at all times operated its business in
compliance in all material respects with all applicable provisions of the federal Fair Labor
Standards Act, as amended, and with all applicable provisions of federal, state and local statutes
and ordinances dealing with the control, shipment, storage or disposal of hazardous materials or
substances, and (f) all other information set forth on the Perfection Certificate of the applicable
Grantor pertaining to the Collateral is accurate and complete in all material respects.

     9. Covenants Concerning Collateral, Etc. Each Grantor further covenants with the
Senior Secured Parties as follows: (a) the Collateral, to the extent not delivered to the
Collateral Agent pursuant to Section 4 or disposed of as permitted by Section 7.06 of each
Credit Agreement, will be kept at those locations listed on such Grantor’s Perfection Certificate
and

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such Grantor will not remove the Collateral from such locations without providing at least
thirty (30) days prior written notice to the Collateral Agent except to (i) another location listed
on such Grantor’s or any other Grantor’s Perfection Certificate or (ii) another location of a
Grantor that is located within the United States but not listed on any Grantor’s Perfection
Certificate, as amended from time to time (any such location, an “Unlisted Location”);
provided, that the aggregate value of the Collateral located at such Unlisted Location
shall not exceed $5,000,000, (b) except for the security interest herein granted and the Liens
permitted by the Credit Agreements, such Grantor shall be the owner of or have other rights in the
Collateral free from any right or claim of any other person or any lien, and such Grantor shall
defend the same against all claims and demands of all persons at any time claiming the same or any
interests therein adverse to the Collateral Agent or any of the other Senior Secured Parties, (c)
such Grantor shall not pledge, mortgage or create, or suffer to exist any right of any person in,
or claim by any person to, the Collateral, or any Lien in the Collateral in favor of any person, or
become bound (as provided in Section 9-203(d) of the Uniform Commercial Code of the State or any
other relevant jurisdiction or otherwise) by a security agreement in favor of any person as secured
party, other than the Collateral Agent except for the Liens permitted by the Credit Agreements, (d)
such Grantor will keep the Collateral in good order and repair and will not use the same in
violation of law or any policy of insurance thereon, (e) subject to Section 6.06 of each Credit
Agreement, such Grantor will permit the Collateral Agent, or its designee, to inspect the
Collateral at any reasonable time, wherever located, (f) such Grantor will pay promptly when due
all taxes, assessments, governmental charges and levies upon the Collateral or incurred in
connection with the use or operation of the Collateral or incurred in connection with this
Agreement, (g) such Grantor will continue to operate, its business in compliance in all material
respects with all applicable provisions of the federal Fair Labor Standards Act, as amended, and
with all applicable provisions of federal, state and local statutes and ordinances dealing with the
control, shipment, storage or disposal of hazardous materials or substances, (h) such Grantor will
not sell or otherwise dispose, or offer to sell or otherwise dispose, of the Collateral or any
interest therein except for Dispositions expressly permitted by Sections 7.04 or 7.06 of each
Credit Agreement, (i) except in order to secure the Senior Obligations, such Grantor will not incur
or permit to exist any Lien on any Excluded Inventory and (j) with each annual Compliance
Certificate delivered pursuant to Section 6.01 of each Credit Agreement, the Company shall, on
behalf of itself and each other Grantor, provide information updating each Grantor’s Perfection
Certificate, including, without limitation, any new locations at which any Collateral is located.

     10. Insurance.

     10.1. Maintenance of Insurance. Each Grantor will maintain with financially
sound and reputable insurers insurance with respect to its properties and business as
required by the Credit Agreements. Such insurance shall be in such amounts that such
Grantor will not be deemed a co-insurer under applicable insurance laws, regulations and
policies and otherwise shall be in such amounts, contain such terms, be in such forms and be
for such periods as may be reasonably satisfactory to the Collateral Agent. In addition,
the All Risk replacement cost property insurance shall be payable to the Collateral Agent as
lenders’ loss payee as their interests may appear (ATIMA) under a “standard” or “New York”
loss payee clause for the benefit of the Senior Secured Parties.

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Further, the Collateral Agent for the benefit of the Senior Secured Parties will be
named as additional insured under such Grantor’s commercial general liability insurance
policies, excess umbrella liability insurance policies, and automobile liability insurance
policies.

     10.2. Insurance Proceeds. The proceeds of any casualty insurance in respect of
any casualty loss of any of the Collateral shall, subject to the rights, if any, of other
parties with an interest having priority in the property covered thereby, be retained by the
applicable Loan Party; provided, that if an Event of Default has occurred and is
continuing, such proceeds shall, upon request by the Revolving Loan Administrator or the
Term Loan Administrator, be deposited with the Collateral Agent for distribution as provided
for in the Loan Documents.

     10.3. Continuation of Insurance. All policies of insurance shall provide for
at least thirty (30) days prior written cancellation notice to the Collateral Agent. In the
event of failure by any Grantor to provide and maintain insurance as herein provided, the
Collateral Agent may, at its option, provide such insurance and charge the amount thereof to
such Grantor. Each Grantor shall furnish the Collateral Agent with certificates of
insurance with corresponding endorsements and policies evidencing compliance with the
foregoing insurance provisions.

     11. Collateral Protection Expenses; Preservation of Collateral.

     11.1. Expenses Incurred by Collateral Agent. In the Collateral Agent’s
discretion, the Collateral Agent may discharge taxes and other encumbrances at any time
levied or placed on any of the Collateral, maintain any of the Collateral, make repairs
thereto and pay any necessary filing fees or insurance premiums, in each case if any Grantor
fails to do so. Each Grantor agrees to reimburse the Collateral Agent on demand for all
expenditures so made. The Collateral Agent shall have no obligation to any Grantor to make
any such expenditures, nor shall the making thereof be construed as a waiver or cure of any
Default or Event of Default.

     11.2. Collateral Agent’s Obligations and Duties. Anything herein to the
contrary notwithstanding, each Grantor shall remain obligated and liable under each contract
or agreement comprised in the Collateral to be observed or performed by such Grantor
thereunder. Neither the Collateral Agent nor any other Senior Secured Party shall have any
obligation or liability under any such contract or agreement by reason of, or arising out
of, this Agreement or the receipt by the Collateral Agent or any other Senior Secured Party
of any payment relating to any of the Collateral, nor shall the Collateral Agent or any
other Senior Secured Party be obligated in any manner to perform any of the obligations of
any Grantor under, or pursuant to, any such contract or agreement, to make inquiry as to the
nature or sufficiency of any payment received by the Collateral Agent or any other Senior
Secured Party in respect of the Collateral or as to the sufficiency of any performance by
any party under any such contract or agreement, 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 the Collateral Agent or to

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which the Collateral Agent, or any other Senior Secured Party, may be entitled at any
time or times. The Collateral Agent’s sole duty with respect to the custody, safe keeping
and physical preservation of the Collateral in its possession, under Section 9-207 of the
Uniform Commercial Code of the State or otherwise, shall be to deal with such Collateral in
the same manner as the Collateral Agent deals with similar property for its own account.

     12. Securities and Deposits. The Collateral Agent may at any time following and
during the continuance of an Event of Default, at its option, transfer to itself or any nominee any
securities constituting Collateral, receive any income thereon and hold such income as additional
Collateral or apply it to the Senior Obligations, subject to the terms of the Intercreditor
Agreement, in accordance with Section 8.03 of each Credit Agreement. Whether or not any Senior
Obligations are due, the Collateral Agent may following and during the continuance of an Event of
Default demand, sue for, collect, or make any settlement or compromise which it deems desirable
with respect to the Collateral. Regardless of the adequacy of Collateral or any other security for
the Senior Obligations, any deposits or other sums at any time credited by, or due from, the
Collateral Agent or any other Senior Secured Party to any Grantor may at any time during the
continuance of an Event of Default be applied to, or set off against, any of the Senior
Obligations, subject to the terms of the Intercreditor Agreement, in accordance with Section 8.03
of each Credit Agreement.

     13. Notification to Account Debtors and Other Persons Obligated on Collateral. If an
Event of Default shall have occurred and be continuing, each Grantor shall, at the request and
option of the Collateral Agent, notify account debtors and other persons obligated on any of the
Collateral of the security interest of the Collateral Agent in any account, chattel paper, general
intangible, instrument or other Collateral and that payment thereof is to be made directly to the
Collateral Agent or to any financial institution designated by the Collateral Agent as the
Collateral Agent’s agent therefor, and the Collateral Agent may itself, if an Event of Default
shall have occurred and be continuing, without notice to, or demand upon, any Grantor, so notify
account debtors and other persons obligated on Collateral. After the making of such a request or
the giving of any such notification, such Grantor shall hold any proceeds of collection of
accounts, chattel paper, general intangibles, instruments and other Collateral received by such
Grantor as trustee for the Collateral Agent, for the benefit of the Senior Secured Parties and the
Collateral Agent, without commingling the same with other funds of such Grantor and shall turn the
same over to the Collateral Agent in the identical form received, together with any necessary
endorsements or assignments. The Collateral Agent shall apply the proceeds of collection of
accounts, chattel paper, general intangibles, instruments and other Collateral received by the
Collateral Agent to the Senior Obligations, subject to the terms of the Intercreditor Agreement, in
accordance with Section 8.03 of each Credit Agreement, such proceeds to be immediately credited
after final payment in cash or other immediately available funds of the items giving rise to them.

     14. Power of Attorney.

     14.1. Appointment and Powers of Collateral Agent. Each Grantor hereby
irrevocably constitutes and appoints the Collateral Agent and any officer or agent thereof,

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with full power of substitution, as its true and lawful attorneys-in-fact with full
irrevocable power and authority in the place and stead of such Grantor or in the Collateral
Agent’s 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 useful to accomplish the purposes of this Agreement and, without limiting the
generality of the foregoing, hereby gives said attorneys the power and right, on behalf of
any Grantor, without notice to, or assent by, such Grantor, to do the following:

     (a) upon the occurrence and during the continuance of an Event of Default, generally to
sell, transfer, pledge, make any agreement with respect to or otherwise dispose of or deal
with any of the Collateral in such manner as is consistent with the Uniform Commercial Code
of the State or any other relevant jurisdiction and as fully and completely as though the
Collateral Agent were the absolute owner thereof for all purposes, and to do, at such
Grantor’s expense, at any time, or from time to time, all acts and things which the
Collateral Agent deems necessary or useful to protect, preserve or realize upon the
Collateral and the Collateral Agent’s security interest therein, in order to effect the
intent of this Agreement, all no less fully and effectively as such Grantor might do,
including (i) the filing and prosecuting of registration and transfer applications with the
appropriate federal, state or local agencies or authorities with respect to trademarks,
copyrights and patentable inventions and processes, (ii) upon written notice to such
Grantor, the exercise of voting rights with respect to voting securities, which rights may
be exercised, if the Collateral Agent so elects, with a view to causing the liquidation of
assets of the issuer of any such securities and (iii) the execution, delivery and recording,
in connection with any sale or other disposition of any Collateral, of the endorsements,
assignments or other instruments of conveyance or transfer with respect to such Collateral;
and

     (b) to the extent that such Grantor’s authorization given in §3 is not sufficient, to
file such financing statements with respect hereto, with or without such Grantor’s
signature, or a photocopy of this Agreement in substitution for a financing statement, as
the Collateral Agent may deem appropriate and to execute in such Grantor’s name such
financing statements and amendments thereto and continuation statements which may require
such Grantor’s signature.

     14.2. Ratification by Grantors. To the extent permitted by law, each Grantor
hereby ratifies all that said attorneys shall lawfully do or cause to be done by virtue
hereof. This power of attorney is a power coupled with an interest and is irrevocable.

     14.3. No Duty on Collateral Agent. The powers conferred on the Collateral
Agent hereunder are solely to protect the interests of the Collateral Agent and the other
Senior Secured Parties in the Collateral and shall not impose any duty upon the Collateral
Agent to exercise any such powers. The Collateral Agent shall be accountable only for the
amounts that it actually receives as a result of the exercise of such powers, and neither it
nor any of its officers, directors, employees or agents shall be responsible to any

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Grantor for any act or failure to act, except for the Collateral Agent’s own gross
negligence or willful misconduct.

     15. Rights and Remedies. If an Event of Default shall have occurred and be
continuing, the Collateral Agent, without any other notice to, or demand upon, any Grantor, shall
have in any jurisdiction in which enforcement hereof is sought, in addition to all other rights and
remedies, the rights and remedies of a secured party under the Uniform Commercial Code of the State
or any other relevant jurisdiction and any additional rights and remedies as may be provided to a
secured party in any jurisdiction in which Collateral is located, including the right to take
possession of the Collateral, and for that purpose the Collateral Agent may, so far as the Grantors
can give authority therefor, enter upon any premises on which the Collateral may be situated and
remove the same therefrom. The Collateral Agent may in its discretion require the Grantors to
assemble all or any part of the Collateral at such location or locations within the jurisdiction(s)
of such Grantors’ principal office(s) or at such other locations as the Collateral Agent may
reasonably designate. Unless the Collateral is perishable or threatens to decline speedily in
value or is of a type customarily sold on a recognized market, the Collateral Agent shall give to
such Grantor at least ten (10) Business Days prior written notice of the time and place of any
public sale of Collateral or of the time after which any private sale or any other intended
disposition is to be made. Each Grantor hereby acknowledges that ten (10) Business Days prior
written notice of such sale or sales shall be reasonable notice. In addition, each Grantor waives
any and all rights that it may have to a judicial hearing in advance of the enforcement of any of
the Collateral Agent’s rights and remedies hereunder, including its right following an Event of
Default to take immediate possession of the Collateral and to exercise its rights and remedies with
respect thereto.

     16. Standards for Exercising Rights and Remedies. To the extent that applicable law
imposes duties on the Collateral Agent to exercise remedies in a commercially reasonable manner,
each Grantor acknowledges and agrees that it is not commercially unreasonable for the Collateral
Agent (a) to fail to incur expenses reasonably deemed significant by the Collateral Agent to
prepare Collateral for disposition or otherwise to fail to complete raw material or work in process
into finished goods or other finished products for disposition, (b) to fail to obtain third party
consents for access to Collateral to be disposed of, or to obtain or, if not required by other law,
to fail to obtain governmental or third party consents for the collection or disposition of
Collateral to be collected or disposed of, (c) to fail to exercise collection remedies against
account debtors or other persons obligated on Collateral or to fail to remove Liens on or any
adverse claims against Collateral, (d) to exercise collection remedies against account debtors and
other persons obligated on Collateral directly or through the use of collection agencies and other
collection specialists, (e) to advertise dispositions of Collateral through publications or media
of general circulation, whether or not the Collateral is of a specialized nature, (f) to contact
other persons, whether or not in the same business as such Grantor, for expressions of interest in
acquiring all, or any portion of, the Collateral, (g) to hire one or more professional auctioneers
to assist in the disposition of Collateral, whether or not the Collateral is of a specialized
nature, (h) to dispose of Collateral by utilizing Internet sites that provide for the auction of
assets of the types included in the Collateral or that have the reasonable capability of doing so,
or that match buyers and sellers of assets, (i) to dispose of assets in wholesale rather than
retail markets, (j) to disclaim disposition warranties, (k) to purchase insurance or credit
enhancements to insure the

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Collateral Agent against risks of loss, collection or disposition of Collateral or to provide
to the Collateral Agent a guaranteed return from the collection or disposition of Collateral, or
(l) to the extent deemed appropriate by the Collateral Agent, to obtain the services of brokers,
investment bankers, consultants and other professionals to assist the Collateral Agent in the
collection or disposition of any of the Collateral. Each Grantor acknowledges that the purpose of
this Section 16 is to provide non-exhaustive indications of what actions or omissions by
the Collateral Agent would fulfill the Collateral Agent’s duties under the Uniform Commercial Code
of the State or any other relevant jurisdiction in the Collateral Agent’s exercise of remedies
against the Collateral and that other actions or omissions by the Collateral Agent shall not be
deemed to fail to fulfill such duties solely on account of not being indicated in this Section
16. Without limitation upon the foregoing, nothing contained in this Section 16 shall
be construed to grant any rights to any Grantor or to impose any duties on the Collateral Agent
that would not have been granted or imposed by this Agreement or by applicable law in the absence
of this Section 16.

     17. No Waiver by Collateral Agent, etc. The Collateral Agent shall not be deemed to
have waived any of its rights and remedies in respect of the Senior Obligations or the Collateral
unless such waiver shall be in writing and signed by the Collateral Agent with the consent of the
requisite Lenders, as provided for in the relevant provisions of the Intercreditor Agreement or, if
the Intercreditor Agreement has been terminated, as provided for in the relevant provisions of the
applicable Credit Agreement. No delay or omission on the part of the Collateral Agent in
exercising any right or remedy shall operate as a waiver of such right or remedy or any other right
or remedy. A waiver on any one occasion shall not be construed as a bar to, or waiver of, any
right or remedy on any future occasion. All rights and remedies of the Collateral Agent with
respect to the Senior Obligations or the Collateral, whether evidenced hereby or by any other
instrument or papers, shall be cumulative and may be exercised singularly, alternatively,
successively or concurrently at such time or at such times as the Collateral Agent deems expedient.

     18. Suretyship Waivers by Grantors. Each Grantor waives demand, notice, protest,
notice of acceptance of this Agreement, notice of loans made, credit extended, Collateral received
or delivered or other action taken in reliance hereon and all other demands and notices of any
description. With respect to both the Senior Obligations and the Collateral, each Grantor assents
to any extension or postponement of the time of payment or any other indulgence, to any
substitution, exchange or release of, or failure to perfect, any security interest in any
Collateral, to the addition or release of any party or person primarily or secondarily liable
therefor, to the acceptance of partial payment thereon and the settlement, compromising or
adjusting of any thereof, all in such manner and at such time or times as the Collateral Agent may
deem advisable. The Collateral Agent shall have no duty as to the collection or protection of the
Collateral or any income therefrom, the preservation of rights against prior parties, or the
preservation of any rights pertaining thereto beyond the safe custody thereof as set forth in
Section 11.2. Each Grantor further waives any and all other suretyship defenses.

     19. Marshaling. Neither the Collateral Agent nor any other Senior Secured Party shall
be required to marshal any present or future collateral security (including but not limited to the
Collateral) for, or other assurances of payment of, the Senior Obligations or any of them or to

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resort to such collateral security or other assurances of payment in any particular order, and
all of the rights and remedies of the Collateral Agent or any other Senior Secured Party hereunder
and of the Collateral Agent or any other Senior Secured Party in respect of such collateral
security and other assurances of payment shall be cumulative and in addition to all other rights
and remedies, however existing or arising. To the extent that it lawfully may, each Grantor hereby
agrees that it will not invoke any law relating to the marshaling of collateral which might cause
delay in, or impede the enforcement of, the Collateral Agent’s rights and remedies under this
Agreement or under any other instrument creating or evidencing any of the Senior Obligations or
under which any of the Senior Obligations is outstanding or by which any of the Senior Obligations
is secured or payment thereof is otherwise assured, and, to the extent that it lawfully may, each
Grantor hereby irrevocably waives the benefits of all such laws.

     20. Proceeds of Dispositions; Expenses. Each Grantor jointly and severally agrees to
pay to the Collateral Agent on demand any and all expenses, including reasonable attorneys’ fees
and disbursements, incurred or paid by the Collateral Agent in protecting, preserving or enforcing
the Collateral Agent’s rights and remedies under, or in respect of, any of the Senior Obligations
or any of the Collateral. After deducting all of said expenses, the residue of any proceeds of
collection or sale or other disposition of Collateral shall, to the extent actually received in
cash, be applied to the payment of the Senior Obligations, subject to the terms of the
Intercreditor Agreement, in such order or preference as is provided Section 8.03 of each Credit
Agreement, proper allowance and provision being made for any Senior Obligations not then due. Upon
the final payment in cash and satisfaction in full of all of the Senior Obligations and after
making any payments required by Sections 9-608(a)(1)(C) or 9-615(a)(3) of the Uniform Commercial
Code of the State, any excess shall be returned to the applicable Grantor. In the absence of final
payment and satisfaction in full of all of the Senior Obligations, each Grantor shall remain
jointly and severally liable for any deficiency.

     21. Overdue Amounts. Until paid, all amounts due and payable by any Grantor hereunder
shall be a debt secured by the Collateral and shall bear, whether before or after judgment,
interest at the Default Rate.

     22. Governing Law; Consent to Jurisdiction; Service of Process. THIS AGREEMENT SHALL
BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK WITHOUT GIVING
EFFECT TO THE CHOICE OF LAW PROVISIONS THEREOF (OTHER THAN SECTIONS 5-1401 AND 5-1402 OF THE NEW
YORK GENERAL OBLIGATIONS LAW). EACH GRANTOR IRREVOCABLY AND UNCONDITIONALLY SUBMITS, FOR ITSELF
AND ITS PROPERTY, TO THE NONEXCLUSIVE JURISDICTION OF THE COURTS OF THE STATE OF NEW YORK SITTING
IN NEW YORK COUNTY AND OF THE UNITED STATES DISTRICT COURT OF THE SOUTHERN DISTRICT OF NEW YORK,
AND ANY APPELLATE COURT FROM ANY THEREOF, IN ANY ACTION OR PROCEEDING ARISING OUT OF, OR RELATING
TO, THIS AGREEMENT, OR FOR RECOGNITION OR ENFORCEMENT OF ANY JUDGMENT, AND EACH OF THE PARTIES
HERETO IRREVOCABLY AND UNCONDITIONALLY AGREES THAT ALL CLAIMS IN RESPECT OF ANY SUCH ACTION OR
PROCEEDING MAY BE HEARD AND DETERMINED IN SUCH NEW YORK STATE COURT OR, TO THE FULLEST EXTENT
PERMITTED BY

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APPLICABLE LAW, IN SUCH FEDERAL COURT. EACH OF THE PARTIES HERETO AGREES THAT A FINAL
JUDGMENT IN ANY SUCH ACTION OR PROCEEDING SHALL BE CONCLUSIVE AND MAY BE ENFORCED IN OTHER
JURISDICTIONS BY SUIT ON THE JUDGMENT OR IN ANY OTHER MANNER PROVIDED BY LAW. NOTHING IN THIS
AGREEMENT SHALL AFFECT ANY RIGHT THAT THE COLLATERAL AGENT OR ANY OF THE OTHER SENIOR SECURED
PARTIES MAY OTHERWISE HAVE TO BRING ANY ACTION OR PROCEEDING RELATING TO THIS AGREEMENT AGAINST ANY
GRANTOR OR ITS PROPERTIES IN THE COURTS OF ANY JURISDICTION. EACH GRANTOR IRREVOCABLY AND
UNCONDITIONALLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY OBJECTION THAT IT
MAY NOW OR HEREAFTER HAVE TO THE LAYING OF VENUE OF ANY ACTION OR PROCEEDING ARISING OUT OF, OR
RELATING TO, THIS AGREEMENT IN ANY NEW YORK STATE COURT OR FEDERAL COURT SITTING IN NEW YORK. EACH
OF THE PARTIES HERETO HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW,
THE DEFENSE OF AN INCONVENIENT FORUM TO THE MAINTENANCE OF SUCH ACTION OR PROCEEDING IN ANY NEW
YORK STATE COURT OR FEDERAL COURT SITTING IN NEW YORK.

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

     24. Miscellaneous. The headings of each section of this Agreement are for convenience
only and shall not define or limit the provisions thereof. This Agreement and all rights and
obligations hereunder shall be binding upon each Grantor and its successors and assigns, and shall
inure to the benefit of the Collateral Agent, the other Senior Secured Parties and their respective
successors and assigns. If any term of this Agreement shall be held to be invalid, illegal or
unenforceable, the validity of all other terms hereof shall in no way be affected thereby, and this
Agreement shall be construed and be enforceable as if such invalid, illegal or unenforceable term
had not been included herein. Each Grantor acknowledges receipt of a copy of this Agreement.

     25. Counterparts; Integration; Effectiveness. This Agreement may be executed in
counterparts (and by different parties hereto in different counterparts), each of which shall
constitute an original, but all of which when taken together shall constitute a single contract.
This Agreement and the other Loan Documents (as defined in each Credit Agreement) constitute the
entire contract among the parties relating to the subject matter hereof and supersede any and

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all previous agreements and understandings, oral or written, relating to the subject matter
hereof. Delivery of an executed counterpart of a signature page of this Agreement by electronic
transmission shall be effective as delivery of a manually executed counterpart of this Agreement.

     26. Additional Grantors. Any Subsidiary of any Loan Party (each an “Additional
Grantor”) may hereafter become a party to this Agreement by executing a counterpart hereof or a
joinder agreement, in each case in form and substance satisfactory to the Collateral Agent, and
there shall be no need to re-execute, amend or restate this Agreement in connection therewith.
Upon such execution and delivery by any Additional Grantor, notice of which is hereby waived by the
Grantors, such Additional Grantor shall be deemed to have made the representations and warranties
set forth herein, and shall be bound by all of the terms, covenants and conditions hereof to the
same extent as if such Additional Grantor had executed this Agreement as of the Closing Date, and
the Collateral Agent, for the benefit of the Senior Secured Parties, shall be entitled to all of
the benefits of such Additional Grantor’s obligations hereunder.

     27. Notice, etc. All notices, requests and other communications hereunder shall be
made in the manner and to the addresses set forth in Section 10.02 of each Credit Agreement or at
such other address in the United States as may be specified by a written notice delivered to the
other parties hereto.

     28. Termination. Upon payment in full of all Senior Obligations (excluding any
Obligations with respect to any Secured Cash Management Agreement, Secured Hedge Agreement or
Secured Line) and the termination of all obligations under the Credit Agreements and all the other
Loan Documents (as defined in each of the Revolving Credit Agreement and the Term Loan Credit
Agreement), this Agreement shall terminate.

[Remainder of page intentionally left blank.]

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     IN WITNESS WHEREOF, intending to be legally bound, the undersigned have caused this Agreement
to be duly executed as of the date first above written.

	 	 	 	 	 
	 	Grantors:

KAMAN CORPORATION
KAMAN AEROSPACE GROUP, INC.
KAMATICS CORPORATION
KAMAN PRECISION PRODUCTS, INC.
KAMAN AEROSPACE CORPORATION
KAMAN AEROSTRUCTURES GROUP -WICHITA, INC.
KAMAN AEROSTRUCTURES — WICHITA, INC.
KAMAN INDUSTRIAL TECHNOLOGIES CORPORATION
KAMAN X CORPORATION
K-MAX CORPORATION

 	 
	 	By:  	/s/ Robert D. Starr
 	 
	 	 	Name:  	Robert D. Starr 	 
	 	 	Title:  	Vice President & Treasurer, Kaman
Corporation 	 
	 
	 	 	 
	 	By:  	           /s/ Candace A. Clark
 	 
	 	 	Name:  	Candace A. Clark 	 
	 	 	Title:  	Secretary, each Kaman Subsidiary 	 
	 

Signature
Page to Security Agreement

 

 

Accepted:

BANK OF AMERICA, N.A., as

Collateral Agent

	 	 	 	 	 
	By:
	 	/s/ Jeffrey J. McLaughlin	 	 
	 

	 	 

Name: Jeffrey J. McLaughlin
	 	 
	 

	 	Title:   SVP	 	

Signature
Page to Security Agreement

 

 

CERTIFICATE OF ACKNOWLEDGMENT

[TO BE COMPLETED BY GRANTORS]

	 	 	 	 	 	 	 	 	 	 	 	 	 
	COMMONWEALTH OR
STATE OF CONNECTICUT	 	 	)	 	 	 	 	 
	 

	 	 
	 	 

	 	 	)	 	 	ss.
	 	Bloomfield
	COUNTY
OF HARTFORD

	 	 	 	 	)	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 

     On
this 15th day of September, 2009, before me, the undersigned notary public, personally
appeared Robert D. Starr, proved to me through satisfactory evidence of identification,
which was personal knowledge, to be the person whose name is signed on the preceding or
attached document, and acknowledged to me that he signed it voluntarily for its stated
purpose as Vice President & Treasurer for Kaman Corporation, a
Connecticut corporation.

	 	 	 	 	 
	 	 	 
	 	                                               Annette M. Tamalis
 	 
	 	(official signature and seal of notary) 	 
	 
	 	My commission expires: April 30, 2010  	 
	 

	 	 	 	 	 	 	 	 	 	 	 	 	 
	COMMONWEALTH OR
STATE OF CONNECTICUT	 	 	)	 	 	 	 	 
	 

	 	 
	 	 

	 	 	)	 	 	ss.
	 	Bloomfield
	COUNTY
OF HARTFORD

	 	 	 	 	)	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 

     
On this 15th day of September, 2009, before me, the undersigned notary public, personally appeared
Candace A. Clark, proved to me through satisfactory evidence of identification, which was personal
knowledge, to be the person whose name is signed on the preceding or attached document, and
acknowledged to me that she signed it voluntarily for its stated purpose as Secretary for the other
Grantors.

	 	 	 	 	 
	 	 	 
	 	                                              /s/ Annette M. Tamalis
 	 
	 	(official signature and seal of notary) 	 
	 
	 	My commission expires: April 30, 2010

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