Document:

Exhibit
10.21

STOCKHOLDERS AGREEMENT

 

This
Stockholders’ Agreement (“Agreement”) dated as of May 24, 2000, is by and
between Roger R. Adams (“Adams”) and Robert J. Ward (“Ward”).

 

Whereas,
Ward has contributed substantial benefits to Adams, and Adams has agreed to
provide Ward with certain protection from dilution of Ward’s interest in
Heeling, Inc., a Nevada corporation (the “Corporation”);

 

Whereas,
Adams and Ward desire to provide for the non-dilution of the one percent (1%),
fully diluted ownership interest that Ward’s 10,000 shares of the common stock
of the Corporation initially represents in the Corporation;

 

NOW,
THEREFORE, in consideration of the premises, the agreements set forth below,
and other good and valuable consideration, the receipt and sufficiency of which
are hereby acknowledged, the parties hereto agree as follows:

 

1.             Dilution Protection Covenant. On the terms and
conditions set forth herein, Adams agrees to cause Ward’s ownership interest in
the common stock of the Corporation (“Common Stock”) to continue, at all times,
to constitute one percent (1%), on a fully diluted basis. To satisfy this
obligation, Adams agrees to do the following:

 

a.                                       At closing, when Ward is issued 10,000 shares
of the Common Stock and Adams is issued 290,007 shares of the Common Stock,
Adams agrees to have the following legend placed on 205,035 of Adams shares of
the common stock of the Corporation and all shares of Common Stock subsequently
obtained by Adams after closing representing or issued in respect of the
initial 205,035 shares covered hereby, and any securities issued in exchange
therefor (collectively, the “Legended Shares”):

 

THE
TRANSFER OF THE SHARES EVIDENCED BY THIS CERTIFICATE ARE SUBJECT TO A
STOCKHOLDERS AGREEMENT DATED AS OF MAY 24, 2000. THE SHARES EVIDENCED HEREBY
SHALL NOT BE TRANSFERRED WITHOUT THE PRIOR WRITTEN CONSENT OF ROBERT J. WARD.
ANY CERTIFICATES HEREAFTER ISSUED IN RESPECT OF THE SHARES EVIDENCED HEREBY
SHALL CONTINUE TO BEAR THIS LEGEND UNLESS OTHERWISE SPECIFIED BY ROBERT J. WARD
OR HIS HEIRS IN A LETTER DIRECTED TO THE CORPORATION.

 

b.                                      Adams agrees to instruct the Corporation to
issue all certificates representing any of the Legended Shares to bear the
above-referenced legend and not to transfer any of the Legended Shares without the
prior written consent of Ward, which Ward agrees to give for arm’s-length
transactions for value with unaffiliated third parties so long as, after giving
effect to such transfer, Adams continues to hold at least twenty-five

 

1

 

percent
(25%) of the Legended Shares, which untransferred shares continue to be
evidenced by certificates bearing the legend set forth in this Section 1, while
the transferred shares shall not bear the legend set forth in this Section 1.

 

c.                                       Adams agrees that he shall transfer the
necessary amount of Legended Shares to Ward to the extent necessary to cause
Ward to own one percent (1%) of Corporation’s Common Stock on a fully diluted
basis within ten (10) days after a dilutive transaction occurs. Adams agrees
further to, and hereby does, instruct the Corporation, upon delivery of any
certificate evidencing Legended Shares held of record by Adams, to transfer
shares from Adams to Ward to comply with the anti-dilution provisions of this Agreement
when so instructed by Ward and to record said transfers in the Corporation’s
share register. Adams and Ward agree to take any and all further actions
necessary to effectuate the terms of this Agreement, including the giving of
notices and instructions to the Corporation, in conformity with this Agreement.

 

d.                                      Adams’ obligation under this Section 1 shall
cease and terminate at such time as the Legended Shares have been reduced by
dilutive transactions to seventy-five (75%) of the original number of Legended
Shares, after taking into account any securities issued in exchange therefor,
provided that Adams shall have complied with all of his transfer obligations
hereunder. For purposes of this paragraph d., dilutive transactions ("Dilutive
Transactions") shall mean stock issuances. Adams will instruct the Corporation
not to engage in any transaction that would defeat the purpose and intent of
this Agreement.

 

e.                                       Dilutive Transactions shall not include stock
issuances by the Corporation for (i) common stock issued pursuant to exercise
of 90,900 stock options; and (ii) the conversion of the Series B Preferred
Stock issued to CSVC (defined below) and the Ligons (defined below) on May 26,
2000.

 

f.                                         This Agreement creates an interest in
property of Adams in favor of Ward and is not an executory contractor for
purposes of the U.S. Bankruptcy Code and any other insolvency law. In
furtherance thereof, Adams agrees that, upon request of Ward, Adams shall
deliver all certificates to Ward evidencing Legended Shares, unendorsed, for
Ward to hold with the status of secured creditor.

 

g.                                      Adams and Ward acknowledge and agree that
Adams is pledging shares of Common Stock to Capital Southwest Venture
Corporation (“CSVC”) and Samuel B. and Patricia P. Ligon (the “Ligons”) to
secure the Corporation’s obligations to CSVC and the Ligons. The pledged shares
of Adams shall not bear the legend set forth above and may not be used to
satisfy Adams' obligations hereunder. CSVC and the Ligons shall be third party
beneficiaries of this Agreement entitled to enforce the provisions of this
Agreement.

 

2

 

2.             Notices. Any notices or other communications
required or permitted hereunder or otherwise in connection herewith shall be in
writing and shall be deemed to have been duly given when delivered in person or
transmitted by facsimile transmission or five business days after dispatch by
registered or certified mail, postage prepaid, addressed, as follows:

 

	
   

  	
  If to Roger R. Adams:

  
	
   

  	
   

  
	
   

  	
  Roger R. Adams

  
	
   

  	
  4400 West Plano Parkway

  
	
   

  	
  Plano, Texas 75093

  
	
   

  	
  Facsimile: 972.985.1256

  
	
   

  	
   

  
	
   

  	
  If to Robert J. Ward:

  
	
   

  	
   

  
	
   

  	
  Robert J, Ward

  
	
   

  	
  1601 Bryan Street, 30th
  Floor

  
	
   

  	
  Dallas, Texas 75201

  
	
   

  	
  Facsimile: 214.880.0011

  

 

or such other address as the
person to whom notice is to be given has furnished in writing to the other
parties.

 

3.             Amendment. This Agreement may be amended by the
parties hereto at any time. This Agreement may not be amended except by an
instrument in writing signed by the parties hereto.

 

4.             Assignment. Either party hereto may assign his
rights or obligations, in whole or in part, under this Agreement, provided that
the party making such assignment shall give notice to the other party within
seven (7) days after such assignment is effected, giving the name and address
of the assignee, and such assignee shall agree in writing to be fully bound by
all of the obligations of this Agreement. This Agreement shall be binding upon
and inure to the benefit of the parties hereto and their respective successors,
representatives and assigns.

 

5.             Headings. The descriptive headings of the several
Sections of this Agreement are inserted for convenience only and do not
constitute a part of this Agreement.

 

6.             Applicable Law. This Agreement shall be governed
by and construed in accordance with the laws of the State of Texas regardless
of the laws that might otherwise govern under applicable principles of conflict
of laws thereof and shall be performable in Dallas County, Texas,

 

7.             Entire Agreement. This Agreement (including the
documents and instruments referred to herein) (a) constitutes the entire
agreement and supersedes all other prior agreements and

 

3

 

understandings, both written
and oral, among the parties and (b) is not intended to confer upon any person
other than the parties hereto any rights or remedies hereunder,

 

8.             Counterparts. This Agreement may be executed in
two or more counterparts, each of which shall be deemed an original, but all of
which together shall constitute one and the same instrument. Facsimile
signatures shall be deemed original signatures for the purposes of enforcing
this Agreement.

 

9.             Severability. In the event that any one or more
of the provisions or parts of a provision contained in this Agreement shall for
any reason be held to be invalid, illegal or unenforceable in any respect in
any jurisdiction, such invalidity, illegality or unenforceability shall not
affect any other provision or part of a provision of this Agreement or any
other jurisdiction, but this Agreement shall be reformed and construed in any
such jurisdiction as if such invalid or illegal or unenforceable provision or
part of a provision had never been contained herein and such provision or part
shall be reformed so that it would be valid, legal and enforceable to the
maximum extent permitted in such jurisdiction.

 

10.           Gender. All references to a gender shall be deemed
to include a reference to all genders, and all references to the singular shall
be deemed to include a reference to the plural and vice versa.

 

11.           Acknowledgment. Adams and Ward agree and
acknowledge that they are entering into this Agreement of their own free will
and each has had an opportunity to carefully review and consider this
Agreement, along with the opportunity to seek and consult with independent
legal counsel.

 

12,           Construction. Adams and Ward agree that this
Agreement shall not be strictly construed against any party.

 

13.           Equitable Relief. The parties hereto acknowledge
and agree that a breach of the agreements contained herein will cause
irreparable harm to the other party for which a remedy for damage will be
inadequate. Therefore, each party agrees that injunctive relief is a necessary
and appropriate remedy for breach hereof.

 

IN WITNESS WHEREOF, the parties have duly executed this Agreement as of the day and year
first above written.

 

 

	
   

  	
  /s/ Roer R. Adams

  
	
   

  	
  Roger R. Adams

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  /s/ Robert J. Ward

  
	
   

  	
  Robert J. Ward

  

 

4Credit Agreement dated as of June 28, 2006, Amended as of August 9, 2006

    

      
        	
                 

                CREDIT
                  AGREEMENT

                 

                dated
                  as of

                 

                June 28,
                  2006,

                 

                Amended
                  as of

                 

                August 9,
                  2006

                 

                among

                 

                AMERICAN
                  AXLE & MANUFACTURING, INC.,

                 

                AMERICAN
                  AXLE & MANUFACTURING HOLDINGS, INC.,

                 

                The
                  Lenders Party Hereto

                 

                and

                 

                JPMORGAN
                  CHASE BANK, N.A.,

                 

                as
                  Administrative Agent

                 

                BANK
                  OF AMERICA, N.A.,

                 

                as
                  Syndication Agent

                 

                ___________________________

                 

                J.P.
                  MORGAN SECURITIES INC.

                 

                 

                 

                and

                 

                 

                 

                BANC
                  OF AMERICA SECURITIES LLC,

                 

                 

                 

                as
                  Joint Lead Arrangers and Joint Bookrunners

                 

              

      

      

      
        
          
             

          

          
          

        

        
          
          

          
            

          

        

        
          
          

          
          

        

      

      TABLE
        OF
        CONTENTS

       

      Page

       

      ARTICLE
        I

       

       

      

       

       

      Definitions

       

      SECTION
        1.01. Defined Terms

      SECTION
        1.02. Classification of Loans and Borrowings

      SECTION
        1.03. Terms Generally

      SECTION
        1.04. Accounting Terms; GAAP

       

      ARTICLE
        II

       

       

      

       

       

      The
        Loans

       

      SECTION
        2.01. Commitments

      SECTION
        2.02. Loans and Borrowings

      SECTION
        2.03. Funding of Borrowings

      SECTION
        2.04. Interest Elections

      SECTION
        2.05. Termination of Commitments

      SECTION
        2.06. Repayment of Loans; Evidence of Debt

      SECTION
        2.07. Prepayment of Loans.

      SECTION
        2.08. Administrative Fees

      SECTION
        2.09. Interest

      SECTION
        2.10. Alternate Rate of Interest

      SECTION
        2.11. Increased Costs

      SECTION
        2.12. Break Funding Payments

      SECTION
        2.13. Taxes

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

      SECTION
        2.15. Mitigation Obligations; Replacement of Lenders

       

      ARTICLE
        III

       

       

      

       

       

      Representations
        and Warranties

       

      SECTION
        3.01. Organization; Powers

      SECTION
        3.02. Authorization; Enforceability

      SECTION
        3.03. Governmental Approvals; No Conflicts

      SECTION
        3.04. Financial Condition; No Material Adverse Change

      SECTION
        3.05. Litigation and Environmental Matters

      SECTION
        3.06. Compliance with Laws and Agreements

      SECTION
        3.07. Investment Company Status

      SECTION
        3.08. Taxes

      SECTION
        3.09. ERISA

      SECTION
        3.10. Disclosure

      SECTION
        3.11. Subsidiaries

       

      ARTICLE
        IV

       

       

      

       

       

      Conditions

       

       

      [Intentionally
        Omitted] 

       

       

      ARTICLE
        V

       

       

      

       

       

      Affirmative
        Covenants

       

      SECTION
        5.01. Financial Statements and Other Information

      SECTION
        5.02. Notices of Material Events

      SECTION
        5.03. Existence; Conduct of Business

      SECTION
        5.04. Payment of Obligations

      SECTION
        5.05. Maintenance of Properties; Insurance

      SECTION
        5.06. Books and Records; Inspection Rights

      SECTION
        5.07. Compliance with Laws

      SECTION
        5.08. Use of Proceeds

      SECTION
        5.09. Additional Guarantors

       

      ARTICLE
        VI

       

       

      

       

       

      Negative
        Covenants

       

      SECTION
        6.01. Indebtedness

      SECTION
        6.02. Liens

      SECTION
        6.03. Fundamental Changes

      SECTION
        6.04. Restricted Payments

      SECTION
        6.05. Transactions with Affiliates

      SECTION
        6.06. Restrictive Agreements

      SECTION
        6.07. Sales of Assets and Subsidiary Stock

       

      ARTICLE
        VII

       

       

      

       

       

      Events
        of
        Default

       

       

      ARTICLE
        VIII

       

       

      

       

       

      The
        Administrative Agent

       

       

      ARTICLE
        IX

       

       

      

       

       

      Miscellaneous

       

      SECTION
        9.01. Notices

      SECTION
        9.02. Waivers; Amendments

      SECTION
        9.03. Expenses; Indemnity; Damage Waiver

      SECTION
        9.04. Successors and Assigns

      SECTION
        9.05. Survival

      SECTION
        9.06. Counterparts; Integration; Effectiveness

      SECTION
        9.07. Severability

      SECTION
        9.08. Right of Setoff

      SECTION
        9.09. Governing Law; Jurisdiction; Consent to Service of Process

      SECTION
        9.10. WAIVER OF JURY TRIAL

      SECTION
        9.11. Headings

      SECTION
        9.12. Confidentiality

      SECTION
        9.13. Interest Rate Limitation

      

      SCHEDULES:

       

      Schedule
        2.01 -- Existing Term Loans

       

      Schedule
        3.05 -- Disclosed Matters

       

      Schedule 3.11
        -- Subsidiaries

       

      Schedule
        6.01 -- Existing Indebtedness

       

      Schedule
        6.02 -- Existing Liens

       

      Schedule
        6.05 -- Existing Transactions with Affiliates

       

      Schedule
        6.06 -- Existing Restrictions

       

      EXHIBITS:

       

      Exhibit
        A
        -- Form of Guarantee Agreement

       

      Exhibit
        B
        -- Form of Assignment and Assumption

       

      

      
        
          
             

             

          

          
          

        

        
          
          

          
            

          

        

        
          
          

          
          

        

      

      CREDIT
        AGREEMENT dated as of June 28, 2006, as amended as of August 9, 2006, among
        AMERICAN AXLE & MANUFACTURING, INC., AMERICAN AXLE &
MANUFACTURING HOLDINGS, INC., the LENDERS party hereto, JPMORGAN CHASE BANK,
        N.A., as Administrative Agent, and BANK OF AMERICA, N.A., as Syndication
        Agent.

       

      WHEREAS,
        the Borrower, the Parent, certain lenders party thereto and the Administrative
        Agent are parties to a Credit Agreement dated as of June 28, 2006 (as amended,
        the “Existing
        Credit Agreement”),
        as in
        effect immediately prior to the Amendment Effective Date (as defined
        herein);

       

      WHEREAS,
        the Borrower, the Parent, certain lenders party thereto and JPMorgan Chase
        Bank,
        N.A., as Administrative Agent, are parties to the Amendment Agreement dated
        as
        of August 9, 2006 (the “Amendment
        Agreement”);

       

      WHEREAS,
        subject to the satisfaction of the conditions set forth in the Amendment
        Agreement, the Existing Credit Agreement shall be amended as provided
        herein;

       

      NOW,
        THEREFORE, the parties hereto agree as follows:

       

      ARTICLE
        I

       

      Definitions

       

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

       

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

       

      “Account”
means,
        collectively, (a) an “account” as such term is defined in the Uniform
        Commercial Code as in effect from time to time in the State of New York or
        under
        other relevant law, (b) a “payment intangible” as such term is defined in
        the Uniform Commercial Code as in effect from time to time in the State of
        New
        York or under other relevant law, and (c) the Parent’s or any Subsidiary’s
        rights to payment for goods sold or leased or services performed or rights
        to
        payment in respect of any monetary obligation owed to the Parent or any
        Subsidiary, including all such rights evidenced by an account, note, contract,
        security agreement, chattel paper, or other evidence of indebtedness or
        security.

       

      “Acquired/Disposed
        EBITDA”
means,
        with respect to any Acquired Entity or Business or any Sold Entity or Business
        (any of the foregoing, a “Pro
        Forma Entity”)
        for
        any period, the Consolidated Net Income of such Pro Forma Entity for such
        period
        plus (a) without duplication and to the extent deducted in determining such
        Consolidated Net Income for such Pro Forma Entity, the sum of (i) income
        tax
        expense for such period, (ii) gross interest expense for such period (including
        interest-equivalent costs associated with any Permitted Receivables Financing,
        whether accounted for as interest expense or loss on the sale of Receivables),
        (iii) depreciation and amortization expense for such period, (iv) any special
        charges and any extraordinary or nonrecurring losses for such period and
        (v)
        other non-cash items reducing Consolidated Net Income for such period, and
        minus
        (b) without duplication and to the extent included in determining Consolidated
        Net Income, (i) interest income for such period, (ii) extraordinary or
        nonrecurring gains for such period and (iii) other non-cash items increasing
        Consolidated Net Income for such period, all determined on a consolidated
        basis
        for such Pro Forma Entity in accordance with GAAP.

       

      “Acquired
        Entity or Business”
has
        the
        meaning assigned to such term in the definition of “Consolidated
        EBITDA”.

       

      “Adjusted
        LIBO Rate”
means,
        with respect to any Eurodollar Borrowing for any Interest Period, an interest
        rate per annum (rounded upwards, if necessary, to the next 1/16 of 1%) equal
        to
        (a) the LIBO Rate for such Interest Period multiplied by (b) the
        Statutory Reserve Rate.

       

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

       

      “Administrative
        Questionnaire”
means
        an Administrative Questionnaire in a form supplied by the Administrative
        Agent.

       

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

       

      “Alternate
        Base Rate”
means,
        for any day, a rate per annum equal to the greater of (a) the Prime Rate in
        effect on such day and (b) the Federal Funds Effective Rate in effect on
        such day plus 1⁄2 of 1%. Any change in the Alternate Base Rate due to a
        change in the Prime Rate or the Federal Funds Effective Rate shall be effective
        from and including the effective date of such change in the Prime Rate or
        the
        Federal Funds Effective Rate, respectively. If for any reason the Administrative
        Agent shall have determined that it is unable after due inquiry to ascertain
        the
        Federal Funds Effective Rate for any reason, including the inability or failure
        of the Administrative Agent to obtain sufficient quotations in accordance
        with
        the terms hereof, the Alternate Base Rate shall be determined without regard
        to
        clause (b) of the first sentence of this definition until the circumstances
        giving rise to such inability no longer exist.

       

      “Amendment
        Agreement”
has
        the
        meaning assigned to such term in the recitals hereto.

       

      “Amendment
        Effective Date”
has
        the
        meaning assigned to such term in the Amendment Agreement.

       

      “Amendment
        Transactions”
means
        the execution and delivery of the Amendment Agreement by each Person party
        thereto, the satisfaction of the conditions to effectiveness thereof and
        the
        consummation of the transactions contemplated thereby, including the borrowing
        of the Incremental Term Loans on the Amendment Effective Date and the use
        of
        proceeds thereof.

       

      “Applicable
        Percentage”
means,
        with respect to any Lender, the percentage of the total Commitments or
        outstanding Loans, as applicable, represented by such Lender’s Commitment or
        outstanding Loans, as applicable. If the Commitments have terminated and
        all
        Loans have been repaid, the Applicable Percentages shall be determined based
        upon the Commitments most recently in effect or outstanding Loans at the
        time of
        repayment, as applicable.

       

      “Applicable
        Rate”
means,
        for any day, (a) with respect to any ABR Loan, 3.25%, and
        (b) with respect to any Eurodollar Loan, 4.25%.

       

      “Approved
        Fund”
has
        the
        meaning assigned to such term in Section 9.04.

       

      “Arrangers”
means
        J.P. Morgan Securities Inc. and Banc of America Securities LLC, each in its
        capacity as joint lead arranger in respect of the credit facility established
        hereunder.

       

      “Asset
        Disposition”
means
        any sale, lease, transfer or other disposition (or series of related sales,
        leases, transfers or dispositions) by the Parent or any Subsidiary, including
        any disposition by means of a merger, consolidation or similar transaction
        (each
        referred to for the purposes of this definition as a “disposition”),
        of:

       

      (a) any
        Equity Interests of a Subsidiary (other than directors’ qualifying shares or
        shares required by applicable law to be held by a Person other than the Parent
        or a Subsidiary);

       

      (b) all
        or substantially all the assets of any division or line of business of the
        Parent or any Subsidiary; or

       

      (c) any
        other assets of the Parent or any Subsidiary outside of the ordinary course
        of
        business of the Parent or such Subsidiary

       

       other
        than, in the case of clauses (a),  (b) and (c) above,

       

      (i)  a
        disposition by a Subsidiary to the Parent or by the Parent or a Subsidiary
        to a
        Subsidiary;

       

      (ii)  a
        disposition that constitutes a Restricted Payment (or would constitute a
        Restricted Payment but for the exclusions from the
        definition thereof)  and that is not prohibited
        by Section
        6.04;

       

      (iii)  a
        disposition of assets with a fair market value of less than
        $10,000,000;

       

      (iv)  the
        lease, assignment, sublease, license or sublicense of any real or personal
        property in the ordinary course of business and consistent with past
        practice;

       

      (v)  foreclosure
        on assets or transfers by reason of eminent domain;

       

      (vi)  disposition
        of accounts receivable in connection with the collection or compromise
        thereof;

       

      (vii)  a
        disposition of surplus, obsolete or worn out equipment or other property
        in the
        ordinary course of business;

       

      (viii)  assignments
        and sales of Receivables and Related Security pursuant to a Permitted
        Receivables Financing;

       

      (ix)  any
        substantially concurrent exchange of assets of comparable value to be used
        in a
        Related Business;

       

      (x)  a
        disposition of cash or Cash Equivalents; and

       

      (xi)  the
        creation of a Lien (but not the sale or other disposition of the property
        subject to such Lien).

       

      “Asset
        Disposition Offer”
has
        the
        meaning assigned to such term in Section 2.07(b)(ii).

       

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

       

      “Average
        Life”
means,
        as of the date of determination, with respect to any Indebtedness, the quotient
        obtained by dividing:

       

      (a) the
        sum of the products of the numbers of years from the date of determination
        to
        the dates of each successive scheduled principal payment of or redemption
        or
        similar payment with respect to such Indebtedness multiplied by the amount
        of
        such payment by

       

      (b) the
        sum of all such payments.

       

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

       

      “Borrower”
means
        American Axle & Manufacturing, Inc., a Delaware
        corporation.

       

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

       

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

       

      “Capital
        Lease Obligations”
of
        any
        Person means the obligations of such Person to pay rent or other amounts
        under
        any lease of (or other arrangement conveying the right to use) real or personal
        property, or a combination thereof, which obligations are required to be
        classified and accounted for as capital leases on a balance sheet of such
        Person
        under GAAP, and the amount of such obligations shall be the capitalized amount
        thereof determined in accordance with GAAP.

       

      “Cash
        Equivalents”
        means:

       

      (a) direct
        obligations of, or obligations the principal of and interest on which are
        unconditionally guaranteed by, the United States of America (or by any agency
        or
        instrumentality thereof to the extent such obligations are backed by the
        full
        faith and credit of the United States of America), 

       

      (b) investments
        in commercial paper maturing within 270 days from the date of acquisition
        thereof and having, at such date of acquisition, a rating of at least A-1
        by
        S&P or P-1 by Moody’s;

       

      (c) investments
        in certificates of deposit, banker’s acceptances and time deposits maturing
        within 270 days from the date of acquisition thereof issued or guaranteed
        by or placed with, and money market deposit accounts issued or offered by,
        (i) any Lender, (ii) any domestic office of any commercial bank
        organized under the laws of the United States of America or any State thereof
        or
        any foreign country recognized by the United States of America which has
        a
        combined capital and surplus and undivided profits of not less than $250,000,000
        (or the foreign currency equivalent thereof) or (iii) any bank whose
        short-term commercial paper rating from S&P is at least A-1 or the
        equivalent thereof or from Moody’s is at least P-1 or the equivalent
        thereof;

       

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

       

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

       

      (f) securities
        with maturities of six months or less from the date of acquisition issued
        or
        fully guaranteed by any State, commonwealth or territory of the United States
        of
        America, or by any political subdivision or taxing authority thereof, and
        rated
        at least A by S&P or Moody’s; 

       

      (g) in
        the case of any Foreign Subsidiary, (i) direct obligations of the sovereign
        nation (or any agency thereof) in which such Subsidiary is organized and
        is
        conducting business or in obligations fully and unconditionally guaranteed
        by
        such sovereign nation (or any agency thereof), (ii) investments of the type
        and
        maturity described in clauses (a) through (f) above of foreign obligors,
        which
        investments or obligors (or the parents of such obligors) have ratings described
        in such clauses or equivalent ratings from comparable foreign rating agencies
        and (iii) investments of the type and maturity described in clauses (a)
        through (f) above of foreign obligors (or the parents of such obligors),
        which investments of obligors (or the parents of such obligors) are not rated
        as
        provided in such clauses or in clause (ii) above but which are, in the
        reasonable judgment of the Parent and the Borrower, comparable in investment
        quality to such investments and obligors (or the parents of such obligors);
        

       

      (h) shares
        of mutual funds whose investment guidelines restrict 95% of such funds’
investments to those satisfying the provisions of clauses (a) through (f)
        above;
        and 

       

      (i) time
        deposit accounts, certificates of deposits and money market deposits in an
        aggregate face amount not in excess 1% of Total Assets of the Parent as of
        the
        end of the Parent’s most recently completed fiscal year.

       

      “Change
        in Control”
means
        (a) the acquisition of ownership, directly or indirectly, beneficially or
        of record, by any Person or group (within the meaning of the Securities Exchange
        Act of 1934 and the rules of the Securities and Exchange Commission thereunder
        as in effect on the date hereof), of Equity Interests representing more than
        35%
        of the aggregate ordinary voting power represented by the issued and outstanding
        Equity Interests of the Parent; (b) occupation of a majority of the seats
        (other than vacant seats) on the board of directors of the Parent by Persons
        who
        were neither (i) nominated by the board of directors of the Borrower or the
        Parent nor (ii) appointed by directors so nominated; (c) the
        acquisition of direct or indirect Control of the Parent by any Person or
        group;
        (d) the failure of the Parent to own, directly or indirectly, at least 75%
        of the outstanding Equity Interests of the Borrower; or (e) at any time that
        any
        Existing Senior Debt is outstanding, the occurrence of a Change of Control,
        as
        defined in the indentures referred to in the definitions of “Existing Senior
        Debt” and “Convertible Notes”. 

       

      “Change
        in Control Offer”
has
        the
        meaning assigned to such term in Section 2.07(c)(iii).

       

      “Change
        in Law”
means
        (a) the adoption of any law, rule or regulation after the date of this
        Agreement, (b) any change in any law, rule or regulation or in the
        interpretation or application thereof by any Governmental Authority after
        the
        date of this Agreement or (c) compliance by any Lender (or, for purposes of
        Section 2.11(b), by any lending office of such Lender or by such Lender’s
        holding company, if any) with any request, guideline or directive (whether
        or
        not having the force of law) of any Governmental Authority made or issued
        after
        the date of this Agreement.

       

      “Class”,
        when
        used in reference to any Loan or Borrowing, refers to whether such Loan,
        or the
        Loans comprising such Borrowing, are Existing Term Loans or Incremental Term
        Loans and, when used in reference to any Commitment, refers to whether such
        Commitment is an Existing Term Loan Commitment or an Incremental Term Loan
        Commitment.

       

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

       

      “Commitment”
means
        an Existing Term Loan Commitment or an Incremental Term Loan Commitment or
        any
        combination thereof (as context requires).

       

      “Consolidated
        EBITDA”
means,
        of any Person for any period, Consolidated Net Income of such Person for
        such
        period plus (a) without duplication and to the extent deducted in determining
        such Consolidated Net Income, the sum of (i) income tax expense for such
        period, (ii) gross interest expense for such period (including
        interest-equivalent costs associated with any Permitted Receivables Financing,
        whether accounted for as interest expense or loss on the sale of Receivables),
        (iii) depreciation and amortization expense for such period, (iv) any special
        charges and any extraordinary or nonrecurring losses for such period and
        (v)
        other non-cash items reducing such Consolidated Net Income for such period,
        and
        minus (b) without duplication and to the extent included in determining such
        Consolidated Net Income, (i) interest income for such period, (ii)
        extraordinary or nonrecurring gains for such period and (iii) other non-cash
        items increasing such Consolidated Net Income for such period, all determined
        on
        a consolidated basis in accordance with GAAP; provided
        that for
        purposes of determining the Leverage Ratio only, (A) there shall be included
        in
        determining the Consolidated EBITDA of the Parent for any period the
        Acquired/Disposed EBITDA of any Person, property, business or asset acquired
        outside the ordinary course of business during or after the end of such period
        by the Parent or a Subsidiary, to the extent not subsequently sold, transferred
        or otherwise disposed of by the Parent or a Subsidiary (each such Person,
        property, business or asset acquired and not subsequently so disposed of,
        an
“Acquired
        Entity or Business”),
        based
        on the actual Acquired/Disposed EBITDA of such Acquired Entity or Business
        for
        such period (including the portion thereof occurring prior to such acquisition)
        and (B) there shall be excluded in determining Consolidated EBITDA of the
        Parent
        for any period the Acquired/Disposed EBITDA of any Person, property, business
        or
        asset sold, transferred or otherwise disposed of outside the ordinary course
        of
        business by the Parent or any Subsidiary during or after the end of such
        period
        (each such Person, property, business or asset so sold or disposed of, a
        “Sold
        Entity or Business”)
        based
        on the actual Acquired/Disposed EBITDA of such Sold Entity or Business for
        such
        period (including the portion thereof occurring prior to such sale, transfer
        or
        disposition).

       

      “Consolidated
        Net Income”
means,
        of any Person for any period, the net income or loss of such Person for such
        period determined on a consolidated basis in accordance with GAAP. 

       

      “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.

       

      “Convertible
        Notes”
means
        the 2% senior convertible notes due 2024 issued pursuant to the indenture,
        dated
        as of February 11, 2004, between the Parent and BNY Midwest Trust Company,
        as
        trustee.

       

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

       

      “Designated
        Secured Indebtedness”
means
        Indebtedness secured by a Lien permitted under clause (d) or (e) of
        Section 6.02. 

       

      “Disclosed
        Matters”
means
        the actions, suits and proceedings and the environmental matters disclosed
        in
        Schedule 3.05.

       

      “Disqualified
        Stock”
means
        any Equity Interest that, by its terms (or by the terms of any security into
        which it is convertible or for which it is exchangeable), or upon the happening
        of any event, (a) matures (excluding any maturity as the result of an
        optional redemption by the issuer thereof) or is mandatorily redeemable (other
        than as a result of a Change in Control), pursuant to a sinking fund obligation
        or otherwise, or is redeemable at the option of the holder thereof, in whole
        or
        in part, or requires the payment of any cash dividend or any other scheduled
        payment constituting a return of capital, in each case at any time on or
        prior
        to the date that is 91 days after the Maturity Date, or (b) is convertible
        into or exchangeable (unless at the sole option of the issuer thereof) for
        (i) Indebtedness or (ii) any Equity Interest referred to in
        clause (a) above, in each case at any time prior to the date that is 91
        days after the Maturity Date.

       

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

       

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

       

      “Environmental
        Liability”
means
        any liability, contingent or otherwise (including any liability for damages,
        costs of environmental remediation, fines, penalties or indemnities), of
        the
        Parent or any Subsidiary directly or indirectly resulting from or based upon
        (a) violation of any Environmental Law, (b) the generation, use,
        handling, transportation, storage, treatment or disposal of any Hazardous
        Materials, (c) exposure to any Hazardous Materials, (d) the release or
        threatened release of any Hazardous Materials into the environment or
        (e) any contract, agreement or other consensual arrangement pursuant to
        which liability is assumed or imposed with respect to any of the
        foregoing.

       

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

       

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

       

      “ERISA
        Affiliate”
means
        any trade or business (whether or not incorporated) that, together with the
        Parent, is treated as a single employer under Section 414(b) or (c) of the
        Code or, solely for purposes of Section 302 of ERISA and Section 412 of the
        Code, is treated as a single employer under Section 414 of the
        Code.

       

      “ERISA
        Event”
means
        (a) any “reportable event”, as defined in Section 4043 of ERISA with
        respect to a Plan (other than an event for which the 30-day notice period
        is
        waived); (b) the existence with respect to any Plan of an “accumulated
        funding deficiency” (as defined in Section 412 of the Code or
        Section 302 of ERISA), whether or not waived; (c) the filing pursuant
        to Section 412(d) of the Code or Section 303(d) of ERISA of an
        application for a waiver of the minimum funding standard with respect to
        any
        Plan; (d) the incurrence by the Parent or any of its ERISA Affiliates of
        any liability under Title IV of ERISA with respect to the termination of
        any Plan; (e) the receipt by the Parent or any ERISA Affiliate from the
        PBGC or a plan administrator of any notice relating to an intention to terminate
        any Plan or Plans or to appoint a trustee to administer any Plan; (f) the
        incurrence by the Parent or any of its ERISA Affiliates of any liability
        with
        respect to the withdrawal or partial withdrawal from any Plan or Multiemployer
        Plan; or (g) the receipt by the Parent or any ERISA Affiliate of any
        notice, or the receipt by any Multiemployer Plan from the Parent or any ERISA
        Affiliate of any notice, concerning the imposition of Withdrawal Liability
        or a
        determination that a Multiemployer Plan is, or is expected to be, insolvent
        or
        in reorganization, within the meaning of Title IV of ERISA.

       

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

       

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

       

      “Excluded
        Subsidiary”
means,
        at any time, any Subsidiary affected by an event referred to in clause (h),
        (i)
        or (j) of Article VII at such time that would constitute an Event of Default
        if
        such Subsidiary was not an “Excluded Subsidiary”; provided,
        that
        (a) no Loan Party shall be an Excluded Subsidiary and (b) a Subsidiary
        shall not be an Excluded Subsidiary if such Subsidiary (on a consolidated
        basis
        with all other Excluded Subsidiaries affected by an event referred to in
        clause
        (h), (i) or (j) of Article VII and their respective subsidiaries)
        (i) account for more than 10% of Total Assets of the Parent or
        (ii) account for more than 10% of the consolidated revenues of the Parent
        and the Subsidiaries for the most recently ended period of four consecutive
        fiscal quarters for which financial statements are available, in each case,
        determined in accordance with GAAP.

       

      “Excluded
        Taxes”
means,
        with respect to the Administrative 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) income, franchise or similar taxes imposed on (or measured
        by) its net income or, in the case of franchise or similar taxes, gross
        receipts, by the United States of America, or by the jurisdiction under the
        laws
        of which such recipient is organized or in which its principal office is
        located
        or, in the case of any Lender, in which its applicable lending office is
        located
        or in which such Lender is otherwise doing business, (b) any branch profits
        taxes imposed by the United States of America or any similar tax imposed
        by any
        other jurisdiction in which the Borrower is located, (c) in the case of a
        Foreign Lender (other than an assignee pursuant to a request by the Borrower
        under Section 2.15(b)), any Tax that is imposed on amounts payable to such
        Foreign Lender at the time such Foreign Lender becomes a party to this Agreement
        (or designates a new lending office) except to the extent that such Foreign
        Lender (or its assignor, if any) was entitled, at the time of designation
        of a
        new lending office (or assignment), to receive additional amounts from the
        Borrower with respect to such withholding tax pursuant to Section 2.13(a),
        (d) any taxes attributable to a failure by a Lender or the Administrative
        Agent to comply with Section 2.13(e), (e) any taxes imposed as a result of
        a change in the circumstances of such Lender after becoming a Lender hereunder,
        other than a change in law or regulation or the introduction of any law or
        regulation or a change in interpretation or administration of any law and
        (f) all liabilities, penalties and interest with respect to any of the
        foregoing Excluded Taxes.

       

      “Existing
        Credit Agreement Effective Date”
means
        June 28, 2006, the date on which the conditions specified in
        Article IV of the Existing Credit Agreement were satisfied.

       

      “Existing
        Senior Debt”
means
        the 51⁄4% senior notes due 2014 issued pursuant to the indenture, dated as of
        February 11, 2004, between the Borrower and BNY Midwest Trust company, as
        trustee, and the Convertible Notes, in each case outstanding as of the Existing
        Credit Agreement Effective Date.

       

      “Existing
        Term Loan”
means
        a
        Loan made pursuant to Section 2.01 of the Existing Credit Agreement. The
        aggregate principal amount of the Existing Term Loans outstanding on the
        Amendment Effective Date (after giving effect to any prepayment on or prior
        to
        the Amendment Effective Date) is $200,000,000. 

       

      “Existing
        Term Loan Commitment”
means,
        with respect to each Lender, the commitment of such Lender to make Existing
        Term
        Loans pursuant to Section 2.01 of the Existing Credit
        Agreement.

       

      “Existing
        Term Loan Lender”
means
        a
        Lender with an outstanding Existing Term Loan.

       

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

       

      “Financial
        Officer”
means,
        with respect to the Parent or the Borrower, the chief financial officer,
        principal accounting officer, treasurer or controller thereof, as
        applicable.

       

      “Foreign
        Lender”
means
        any Lender that is organized under the laws of a jurisdiction other than
        that in
        which the Borrower is located. For purposes of this definition, the United
        States of America, each State thereof and the District of Columbia shall
        be
        deemed to constitute a single jurisdiction.

       

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

       

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

       

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

       

      “Guarantee”
of
        or
        by any Person (the “guarantor”)
        means
        any obligation, contingent or otherwise, of the guarantor guaranteeing or
        having
        the economic effect of guaranteeing any Indebtedness or other obligation
        of any
        other Person (the “primary
        obligor”)
        in any
        manner, whether directly or indirectly, and including any obligation of the
        guarantor, direct or indirect, (a) to purchase or pay (or advance or supply
        funds for the purchase or payment of) such Indebtedness or other obligation
        or
        to purchase (or to advance or supply funds for the purchase of) any security
        for
        the payment thereof, (b) to purchase or lease property, securities or
        services for the purpose of assuring the owner of such Indebtedness or other
        obligation of the payment thereof, (c) to maintain working capital, equity
        capital or any other financial statement condition or liquidity of the primary
        obligor so as to enable the primary obligor to pay such Indebtedness or other
        obligation or (d) as an account party in respect of any letter of credit or
        letter of guaranty issued to support such Indebtedness or obligation;
provided,
        that
        the term Guarantee shall not include endorsements for collection or deposit
        in
        the ordinary course of business or customary and reasonable indemnity
        obligations entered into in connection with any acquisition or disposition
        of
        assets permitted under this Agreement.

       

      “Guarantee
        Agreement”
means
        the Guarantee Agreement, substantially in the form of Exhibit A, among the
        Borrower, the Guarantors and the Administrative Agent.

       

      “Guarantors”
means,
        as of any date, the Parent and each Subsidiary that either (a) has
        Guaranteed
        (pursuant to a Guarantee that remains in effect as of such date) the obligations
        under the Revolving Credit Agreement or any refinancing or replacement thereof,
        or (b) is a Material Subsidiary as of such date.

       

      “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 and all other substances or wastes of any nature regulated
        pursuant to any Environmental Law.

       

      “Incremental
        Term Loan”
means
        a
        Loan made pursuant to Section 3 of the Amendment Agreement.

       

      “Incremental
        Term Loan Commitment”
has
        the
        meaning assigned to such term in the Amendment Agreement.

       

      “Incremental
        Term Loan Lender”
means
        a
        Lender with an Incremental Term Loan.

       

      “Incur”
means
        issue, assume, incur, Guarantee or otherwise become liable for; provided
        that any
        Indebtedness of a Person existing at the time such Person becomes a Subsidiary
        (whether by merger, consolidation, acquisition or otherwise) shall be deemed
        to
        be Incurred by such Person at the time it becomes a Subsidiary. The term
        “Incurrence” when use as a noun shall have a correlative meaning. The accretion
        of principal of a noninterest bearing or discount security shall not be deemed
        the Incurrence of Indebtedness.

       

      “Indebtedness”
of
        any
        Person means, without duplication, (a) all obligations of such Person for
        borrowed money, (b) all obligations of such Person evidenced by bonds,
        debentures, notes or similar instruments, (c) all obligations of such
        Person upon which interest charges are customarily paid (excluding current
        accounts payable incurred in the ordinary course of business), (d) all
        obligations of such Person under conditional sale or other title retention
        agreements relating to property acquired by such Person, (e) all
        obligations of such Person in respect of the deferred purchase price of property
        or services (excluding current accounts payable incurred in the ordinary
        course
        of business), (f) all Indebtedness of others secured by (or for which the
        holder of such Indebtedness has an existing right, contingent or otherwise,
        to
        be secured by) any Lien on property owned or acquired by such Person, whether
        or
        not the Indebtedness secured thereby has been assumed, (g) all Guarantees
        by such Person of Indebtedness of others, (h) all Capital Lease Obligations
        of such Person, (i) all obligations, contingent or otherwise, of such
        Person as an account party in respect of letters of credit and letters of
        guaranty, (j) all obligations, contingent or otherwise, of such Person in
        respect of bankers’ acceptances, (k) all obligations of such Person with respect
        to the redemption, repayment or other repurchase of any Disqualified Stock
        of
        such Person and (l) Receivables Financing Debt. The Indebtedness of any
        Person shall include the Indebtedness of any other entity (including any
        partnership in which such Person is a general partner) to the extent such
        Person
        is liable therefor as a result of such Person’s ownership interest in or other
        relationship with such entity, except to the extent the terms of such
        Indebtedness provide that such Person is not liable therefor; provided,
        that if
        the sole asset of such Person is its ownership interest in such other entity,
        the amount of such Indebtedness shall be deemed equal to the value of such
        ownership interest. For the avoidance of doubt, the Indebtedness of the Borrower
        or any other Subsidiary shall not include any obligations of the Borrower
        or
        such other Subsidiary arising in the ordinary course of business from the
        establishment, offering and maintenance by the Borrower or such other
        Subsidiary, as the case may be, of trade payables financing programs under
        which
        suppliers to the Borrower or such other Subsidiary, as the case may be, can
        request accelerated payment from one or more designated financial institutions;
        provided,
        that
        (i) the Borrower or such other Subsidiary, as the case may be, reimburses
        the designated financial institution or institutions for such accelerated
        payment on the date specified in the purchase terms and conditions previously
        agreed upon by the applicable supplier and the Borrower or such other
        Subsidiary, as the case may be and (ii) had such financial institution or
        institutions not paid such obligations to the applicable supplier, such
        obligations would have been required to be classified as a trade payable
        in the
        consolidated financial statements of the Borrower or such other Subsidiary,
        as
        the case may be, prepared in accordance with GAAP.

       

      “Indemnified
        Taxes”
means
        Taxes other than Excluded Taxes.

       

      “Interest
        Election Request”
means
        a
        request by the Borrower to convert or continue a Borrowing in accordance
        with
        Section 2.04.

       

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

       

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

       

      “Investment”
in
        any
        Person means any direct or indirect advance (other than accounts receivable,
        trade credit, advances to customers or suppliers, commission, travel and
        similar
        advances to employees, in each case made in the ordinary course of business),
        loan or other extension of credit (including by way of Guarantee or similar
        arrangement) or capital contribution to (by means of any transfer of cash
        or
        other property to others or any payment for property or services for the
        account
        or use of others), or any purchase or acquisition of Equity Interests,
        Indebtedness or other similar instruments issued by, such Person. If the
        Parent
        or any Subsidiary issues, sells or otherwise disposes of any Equity Interests
        of
        a Person that is a Subsidiary such that, after giving effect thereto, such
        Person is no longer a Subsidiary, any Investment by the Parent or any Subsidiary
        in such Person remaining after giving effect thereto will be deemed to be
        a new
        Investment at such time. The acquisition by the Parent or any Subsidiary
        of a
        Person that holds an Investment in a third Person will be deemed to be an
        Investment by the Parent or such Subsidiary in such third Person at such
        time.
        Except as otherwise provided for herein, the amount of an Investment shall
        be
        its fair market value at the time the Investment is made and without giving
        effect to subsequent changes in value.

       

      “Lender
        Presentation”
means
        the Lender Presentation dated June 9, 2006 relating to the Parent, the Borrower
        and the Transactions.

       

      “Lenders”
means
        the Persons listed on Schedule 2.01 of this Agreement, Schedule 1 of the
        Amendment Agreement and any other Person that shall have become a party hereto
        or thereto pursuant to an Assignment and Assumption, other than any such
        Person
        that ceases to be a party hereto or thereto pursuant to an Assignment and
        Assumption.

       

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

       

      “LIBO
        Rate”
means,
        with respect to any Eurodollar Borrowing for any Interest Period, the rate
        appearing on Page 3750 of the Telerate Service (or on any successor or
        substitute page of such Service, or any successor to or substitute for such
        Service, providing rate quotations comparable to those currently provided
        on
        such page of such Service, as determined by the Administrative Agent from
        time
        to time for purposes of providing quotations of interest rates applicable
        to
        Dollar deposits in the London interbank market) at approximately 11:00 a.m.,
        London time, two Business Days prior to the commencement of such Interest
        Period, as the rate for Dollar deposits with a maturity comparable to such
        Interest Period. In the event that such rate is not available at such time
        for
        any reason, then the “LIBO
        Rate”
with
        respect to such Eurodollar Borrowing for such Interest Period shall be the
        rate
        at which Dollar deposits of $5,000,000 and for a maturity comparable to such
        Interest Period are offered by the principal London office of the Administrative
        Agent in immediately available funds in the London interbank market at
        approximately 11:00 a.m., London time, two Business Days prior to the
        commencement of such Interest Period.

       

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

       

      “Loan
        Documents”
means
        this Agreement, the Guarantee Agreement and the Amendment
        Agreement.

       

      “Loan
        Parties”
means
        the Borrower and the Guarantors.

       

      “Loans”
means
        the loans made by the Lenders to the Borrower pursuant to this Agreement
        whether
        prior to, or after giving effect to, the Amendment Agreement.

       

      “Material
        Adverse Effect”
means
        a
        material adverse effect on (a) the business, assets, operations, or
        financial condition of the Parent and the Subsidiaries taken as a whole,
        (b) the ability of any Loan Party to perform any of its material
        obligations under the Loan Documents or (c) the validity and enforceability
        of any Loan Document, or the rights and remedies of the Lenders hereunder
        or
        under any other Loan Document, taken as a whole.

       

      “Material
        Indebtedness”
means
        Indebtedness (other than the Loans), or obligations in respect of one or
        more
        Swap Agreements, of any one or more of the Parent and its Subsidiaries in
        an
        aggregate principal amount exceeding $35,000,000. For purposes of determining
        Material Indebtedness, the “principal amount” of the obligations of the Parent
        or any Subsidiary in respect of any Swap Agreement at any time shall be the
        maximum aggregate amount (giving effect to any netting agreements) that the
        Parent or such Subsidiary would be required to pay if such Swap Agreement
        were
        terminated at such time.

       

      “Material
        Subsidiary”
means,
        as of any date, any Subsidiary (other than the Borrower, a Foreign Subsidiary
        or
        a Receivables Subsidiary) that either (a) accounts (together with its
        subsidiaries on a consolidated basis) for more than 10% of Total Assets of
        the
        Parent or (b) accounts (together with its subsidiaries on a consolidated
        basis)
        for more than 10% of the consolidated revenues of the Parent and the
        Subsidiaries for the most recently ended period of four consecutive fiscal
        quarters for which financial statements are available, in each case, determined
        in accordance with GAAP. 

       

      “Maturity
        Date”
means
        April 12, 2010.

       

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

       

      “Multiemployer
        Plan”
means
        a
        multiemployer plan as defined in Section 4001(a)(3) of ERISA to which the
        Parent or any ERISA Affiliate is making or accruing an obligation to make
        contributions, or has within any of the preceding five plan years made or
        accrued an obligation to make contributions.

       

      “Net
        Cash Proceeds”,
        with
        respect to any issuance or sale of Equity Interests or Indebtedness or any
        Asset
        Disposition, means the cash proceeds of such issuance or sale net of (a)
        attorneys’ fees, accountants’ fees, underwriters’ or placement agents’ fees,
        discounts or commissions and brokerage, consultant and other fees and expenses
        actually incurred in connection with such issuance or sale, (b) taxes paid
        or
        payable as a result thereof, (c) in the case of any Asset Disposition, any
        reserve for any purchase price adjustment or any indemnification payments
        (fixed
        and contingent) in connection with such Asset Disposition; provided
        that if
        any such reserve is later released, such amount shall be included in the
        calculation of Net Cash Proceeds, and (d) in the case of any Asset Disposition,
        the principal amount of any Indebtedness (other than Indebtedness under the
        Loan
        Documents) that is secured by the assets subject to such Asset Disposition
        and
        any related premiums, fees, expenses and other amounts due thereunder and
        that
        are required to be repaid in connection therewith.

       

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

       

      “Parent”
means
        American Axle & Manufacturing Holdings, Inc., a Delaware
        corporation.

       

      “Participant”
has
        the
        meaning set forth in Section 9.04.

       

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

       

      “Permitted
        Encumbrances”
        means:

       

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

       

      (b) carriers’,
        warehousemen’s, mechanics’, materialmen’s, repairmen’s construction, artisan’s
        and other like Liens imposed by law, arising in the ordinary course of business
        and securing obligations that are not overdue by more than 60 days or are
        being contested in compliance with Section 5.04;

       

      (c) pledges
        and deposits made in the ordinary course of business in compliance with workers’
compensation, unemployment insurance and other social security laws or
        regulations and deposits securing liability to insurance carriers under
        insurance or self-insurance arrangements in respect of such
        obligations;

       

      (d) deposits
        to secure or in connection with the performance of bids, trade contracts,
        leases, statutory obligations, surety and appeal bonds, performance bonds
        and
        other obligations of a like nature, in each case in the ordinary course of
        business, including those incurred to secure health, safety and environmental
        obligations in the ordinary course of business;

       

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

       

      (f) easements,
        zoning restrictions, rights-of-way and similar encumbrances on real property
        imposed by law or arising in the ordinary course of business which, in the
        aggregate, are not substantial in amount and do not materially detract from
        the
        value of the affected property or materially interfere with the ordinary
        conduct
        of business of the Parent or any Subsidiary;

       

      (g) Liens
        arising by virtue of any statutory or common law provision relating to banker’s
        liens, rights of setoff or similar rights as to deposit accounts or other
        funds
        maintained with creditor depository institution; and

       

      (h) landlord’s
        Liens under leases of property to which the Parent or a Subsidiary is a
        party;

       

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

       

      “Permitted
        Investment”
means
        an Investment by the Parent or any Subsidiary in:

       

      (a) the
        Borrower, a Subsidiary or a Person that will, upon the making of such
        Investment, become a Subsidiary; provided
        that
        such Person’s primary business is a Related Business;

       

      (b) another
        Person if, as a result of such Investment, such other Person is merged or
        consolidated with or into, or transfers or conveys all or substantially all
        its
        assets to, the Parent or a Subsidiary; provided
        that
        such Person’s primary business is a Related Business;

       

      (c) cash
        and Cash Equivalents;

       

      (d) receivables
        owing to the Parent or any Subsidiary if created or acquired in the ordinary
        course of business and payable or dischargeable in accordance with customary
        trade terms; provided
        that
        such trade terms may include such concessionary trade terms as the Parent
        or any
        such Subsidiary deems reasonable under the circumstances;

       

      (e) payroll,
        travel and similar advances to cover matters that are expected at the time
        of
        such advances ultimately to be treated as expenses for accounting purposes
        and
        that are made in the ordinary course of business;

       

      (f) loans
        or advances to employees made in the ordinary course of business consistent
        with
        past practices of the Parent or such Subsidiary;

       

      (g) stock,
        obligations or securities received in settlement of debts created in the
        ordinary course of business and owing to the Parent or any Subsidiary or
        in
        satisfaction of judgments;

       

      (h) any
        Person to the extent such Investment represents the non-cash portion of the
        consideration received for (i) an Asset Disposition as permitted
        pursuant to Section 6.07 or (ii) a disposition of assets not constituting
        an Asset Disposition;

       

      (i) any
        Person where such Investment was acquired by the Parent or any Subsidiary
        (x) in exchange for any other Investment or accounts receivable held by the
        Parent or any such Subsidiary in connection with or as a result of a bankruptcy,
        workout, reorganization or recapitalization of the issuer of such other
        Investment or accounts receivable or (y) as a result of a foreclosure by
        the Parent or any Subsidiary with respect to any secured Investment or other
        transfer of title with respect to any secured Investment in
        default;

       

      (j) any
        Person to the extent such Investment consists of prepaid expenses, negotiable
        instruments held for collection and lease, utility and workers’ compensation,
        performance and other similar deposits made in the ordinary course of business
        by the Parent or any Subsidiary;

       

      (k) any
        Person to the extent such Investment consists of a Swap Agreement otherwise
        permitted by this Agreement;

       

      (l) any
        Person to the extent such Investment exists on the Existing Credit Agreement
        Effective Date, and any extension, modification or renewal of any such
        Investment existing on the Existing Credit Agreement Effective Date, but
        only to
        the extent not involving additional advances, contributions or other Investments
        of cash or other assets or other increases thereof (other than as a result
        of
        the accrual or accretion of interest or original issue discount or the issuance
        of pay-in-kind securities, in each case, pursuant to the terms of such
        Investment as in effect on the Existing Credit Agreement Effective Date);
        

       

      (m) any
        Person to the extent the payment for such Investment consists of Equity
        Interests of the Parent (excluding Disqualified Stock);

       

      (n) Guarantees
        of Indebtedness permitted under Section 6.01;

       

      (o) Investments
        of a Person existing at the time such Person becomes a Subsidiary or at the
        time
        such Person merges or consolidates with the Parent or any Subsidiary, in
        either
        case, in compliance with this Agreement; provided that such Investments were
        not
        made by such Person in connection with, or in contemplation of, such Person
        becoming a Subsidiary or such merger or consolidation; and

       

      (p) Persons
        to the extent such Investments, when taken together with all other Investments
        made pursuant to this clause (p) and outstanding on the date such
        Investment is made, do not exceed $100,000,000.

       

      “Permitted
        Receivables Financing”
means
        transactions pursuant to which the Parent or one or more of the Subsidiaries
        (or
        a combination thereof) realizes cash proceeds in respect of Receivables and
        Related Security by selling or otherwise transferring such Receivables and
        Related Security (on a non-recourse basis with respect to the Parent and
        the
        Subsidiaries, other than Standard Securitization Undertakings) to one or
        more
        Receivables Subsidiaries, and such Receivables Subsidiary or Receivables
        Subsidiaries realize cash proceeds in respect of such Receivables and Related
        Security; provided
        that the
        Parent or the Borrower shall deliver to the Administrative Agent copies of
        all
        documentation entered into in connection with any such transaction.

       

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

       

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

       

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

       

      “Pro
        Rata Share”
means,
        with respect to any Lender’s share of any payment of principal in respect of the
        Loans, such Lender’s share thereof determined based upon the share that the
        aggregate principal amount of outstanding Loans of such Lender represents
        of the
        aggregate principal amount of all outstanding Loans.

       

      “Receivable”
means
        an Account owing to the Parent or any Subsidiary (before its transfer to
        a
        Receivables Subsidiary), whether now existing or hereafter arising, together
        with all cash collections and other cash proceeds in respect of such Account,
        including all yield, finance charges or other related amounts accruing in
        respect thereof and all cash proceeds of Related Security with respect to
        such
        Receivable.

       

      “Receivables
        Financing Debt”
means,
        as of any date with respect to any Receivables Subsidiary and any Permitted
        Receivables Financing, the amount of the outstanding uncollected Receivables
        subject to such Permitted Receivables Financing that would be required for
        such
        Receivables Subsidiary to discharge all principal obligations to financing
        parties (and would not be returned, directly or indirectly, to the Parent
        or the
        Borrower) if all such Receivables were to be collected at such date and such
        Permitted Receivables Financing were to be terminated at such date.

       

      “Receivables
        Subsidiary”
means
        a
        wholly owned Subsidiary that does not engage in any activities other than
        participating in one or more Permitted Receivables Financings and activities
        incidental thereto; provided
        that
        (a) such Subsidiary does not have any Indebtedness other than Indebtedness
        incurred pursuant to a Permitted Receivables Financing owed to financing
        parties
        (including the Parent or the applicable seller of Receivables) supported
        by
        Receivables and Related Security and (b) neither the Parent nor any
        Subsidiary Guarantees any Indebtedness or other obligation of such Subsidiary,
        other than Standard Securitization Undertakings.

       

      “Refinance”
means,
        in respect of any Indebtedness, to refinance, extend, renew, refund, repay,
        prepay, purchase, redeem, defease or retire, or to issue other Indebtedness
        in
        exchange or replacement for, such Indebtedness. “Refinanced” and “Refinancing”
shall have correlative meanings.

       

      “Refinancing
        Indebtedness”
means
        Indebtedness that Refinances any Indebtedness of the Parent or any Subsidiary
        existing on the Existing Credit Agreement Effective Date or incurred in
        compliance with this Agreement, including Indebtedness that Refinances
        Refinancing Indebtedness; provided
        that:

       

      (a) such
        Refinancing Indebtedness has a Stated Maturity no earlier than the Stated
        Maturity of the Indebtedness being Refinanced;

       

      (b) such
        Refinancing Indebtedness has an Average Life at the time such Refinancing
        Indebtedness is incurred that is equal to or greater than the Average Life
        of
        the Indebtedness being Refinanced;

       

      (c) such
        Refinancing Indebtedness has an aggregate principal amount (or if incurred
        with
        original issue discount, an aggregate issue price) that is equal to or less
        than
        the aggregate principal amount (or if incurred with original issue discount,
        the
        aggregate accreted value) then outstanding (plus accrued interest, fees and
        expenses, including any premium and defeasance costs) under the Indebtedness
        being Refinanced; and

       

      (d) if
        the Indebtedness being Refinanced is subordinated in right of payment to
        the
        Loans, such Refinancing Indebtedness is subordinated in right of payment
        to the
        Loans at least to the same extent as the Indebtedness being
        Refinanced;

       

      provided further
        that
        Refinancing Indebtedness shall not include (i) Indebtedness of a Subsidiary
        that
        is not a Loan Party that Refinances Indebtedness of any Loan Party, or
        (ii) Indebtedness of a Loan Party that Refinances Indebtedness of a
        Subsidiary that is not a Loan Party.

       

      “Register”
has
        the
        meaning set forth in Section 9.04.

       

      “Related
        Business”
means
        any business in which the Parent or any of the Subsidiaries was engaged on
        the
        Existing Credit Agreement Effective Date and any business related, ancillary
        or
        complimentary to such business.

       

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

       

      “Related
        Security”
means,
        with respect to any Receivables subject to a Permitted Receivables Financing,
        all assets that are customarily transferred or in respect of which security
        interests are customarily granted in connection with asset securitization
        transactions involving Receivables, including all collateral securing such
        Receivables, all contracts and all Guarantee or other obligations in respect
        of
        such Receivables, and all proceeds of such Receivables.

       

      “Required
        Lenders”
means,
        at any time, Lenders having outstanding Loans representing more than 50% of
        the aggregate principal amount of the outstanding Loans at such
        time.

       

      “Restricted
        Payment”
with
        respect to any Person means:

       

      (a) the
        declaration or payment of any dividends or any other distributions of any
        sort
        in respect of its Equity Interests (including any payment in connection with
        any
        merger or consolidation involving such Person) or similar payment to the
        direct
        or indirect holders of its Equity Interests (other than (i) dividends or
        distributions payable solely in its Equity Interests (other than Disqualified
        Stock), (ii) dividends or distributions payable solely to the Parent or a
        Subsidiary and (iii) pro rata
        dividends or other distributions made by a Subsidiary that is not a wholly
        owned
        Subsidiary to minority stockholders (or owners of an equivalent interest
        in the
        case of a Subsidiary that is an entity other than a corporation));

       

      (b) the
        purchase, repurchase, redemption, defeasance or other acquisition or retirement
        for value of any Equity Interests of the Parent held by any Person (other
        than
        by a Subsidiary) or of any Equity Interests of a Subsidiary held by any
        Affiliate of the Parent (other than by a Subsidiary), including in connection
        with any merger or consolidation and including the exercise of any option
        to
        exchange any Equity Interests (other than into Equity Interests of the Parent
        that is not Disqualified Stock);

       

      (c) the
        purchase, repurchase, redemption, defeasance or other acquisition or retirement
        for value, prior to scheduled maturity, scheduled repayment or scheduled
        sinking
        fund payment of any Subordinated Obligations of the Borrower or any Guarantor
        (other than (i) from the Parent or a Subsidiary or (ii) the purchase,
        repurchase, redemption, defeasance or other acquisition or retirement of
        Subordinated Obligations purchased in anticipation of satisfying a sinking
        fund
        obligation, principal installment or final maturity, in each case due within
        one
        year of the date of such purchase, repurchase, redemption, defeasance or
        other
        acquisition or retirement); or

       

      (d) the
        making of any Investment (other than a Permitted Investment) in any
        Person.

       

      “Revolving
        Credit Agreement”
means
        the Credit Agreement, dated as of January 9, 2004, as amended, among the
        Borrower, the Parent, the several lenders party thereto, and JPMorgan Chase
        Bank, N.A., as Administrative Agent, including any related notes, guarantees,
        collateral documents, instruments and agreements executed in connection
        therewith and in each case, as amended, restated, supplemented, modified,
        renewed, refunded, replaced (whether at maturity or otherwise) or refinanced
        from time to time in one or more agreements or indentures (in each case with
        the
        same or new lenders or institutional investors), including any agreement
        adding
        or changing the borrower or any guarantors or extending the maturity thereof
        or
        otherwise restructuring all or a portion of the Indebtedness thereunder or
        increasing the amount loaned or issued thereunder or altering the maturity
        thereof (provided that such increase in borrowings is permitted under Section
        6.01).

       

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

       

      “Sold
        Entity or Business”
has
        the
        meaning assigned to such term in the definition of “Consolidated
        EBITDA”.

       

      “Standard
        Securitization Undertakings”
means
        representations, warranties, covenants and indemnities made by the Parent
        or any
        of the Subsidiaries in connection with a Permitted Receivables Financing
        that
        are customary for accounts receivables securitization financings; provided
        that
        Standard Securitization Undertakings shall not include any Guarantee of any
        Indebtedness or collectability of any Receivables.

       

      “Stated
        Maturity”
means,
        with respect to any Indebtedness, the date specified in such Indebtedness
        as the
        fixed date on which the final payment of principal of such Indebtedness is
        due
        and payable, including pursuant to any mandatory redemption provision (but
        excluding any provision providing for the repurchase of such Indebtedness
        at the
        option of the holder thereof upon the happening of any contingency unless
        such
        contingency has occurred).

       

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

       

      “Subordinated
        Obligation”
means,
        with respect to a Person, any Indebtedness of such Person (whether outstanding
        on the Existing Credit Agreement Effective Date or thereafter incurred) which
        is
        subordinate or junior in right of payment to the Loans or a Guarantee of
        such
        Person, pursuant to a written agreement to that effect.

       

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

       

      “Subsidiary”
means
        any subsidiary of the Parent, including the Borrower.

       

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

       

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

       

      “Total
        Assets”
means,
        with respect to any Person as of any date, the amount of total assets of
        such
        Person and its subsidiaries that would be reflected on a balance sheet of
        such
        Person prepared as of such date on a consolidated basis in accordance with
        GAAP.

       

      “Total
        Indebtedness”
means,
        as of any date, the sum (without duplication) of (a) the aggregate principal
        amount of Indebtedness of the Parent and the Subsidiaries outstanding as
        of such
        date that consists of Capital Lease Obligations, obligations for borrowed
        money
        and obligations in respect of the deferred purchase price of property or
        services, determined on a consolidated basis, plus
        (b) the
        amount, if any, by which the aggregate amount of Receivables Financing Debt
        of
        the Parent and the Subsidiaries outstanding as of such date exceeds
        $150,000,000.

       

      “Total
        Net Indebtedness”
means,
        as of any date, Total Indebtedness minus the aggregate amount of cash and
        cash
        equivalents that would be set forth on a balance sheet of the Parent and
        the
        Subsidiaries as of such date prepared on a consolidated basis in accordance
        with
        GAAP.

       

      “Transactions”
means
        the execution, delivery and performance by the Loan Parties of the Loan
        Documents, the borrowing of Loans and the use of the proceeds
        thereof.

       

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

       

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

       

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

       

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

       

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

       

      ARTICLE
        II

       

       

      The
        Loans

       

      SECTION
        2.01.   Commitments. (a)
          Existing
        Term Loans in an initial aggregate amount of $200,000,000 were made to the
        Borrower on the Existing Credit Agreement Effective Date, and no Lender shall
        have any obligation to make any additional Existing Term Loans. The outstanding
        principal amount of each Lender’s Existing Term Loan as of the Amendment
        Effective Date is set forth on Schedule 2.01. Incremental Term Loans in an
        initial aggregate amount of $50,000,000 were made to the Borrower on the
        Amendment Effective Date, and subject to the terms and conditions set forth
        herein and in the Amendment Agreement, each Lender having an Incremental
        Term
        Loan Commitment made Incremental Term Loans to the Borrower on the Amendment
        Effective Date in a principal amount equal to its Incremental Term Loan
        Commitment. No Lender shall have any obligation to make any additional
        Incremental Term Loans. The outstanding principal amount of each Lender’s
        Existing Term Loans as of the Amendment Effective Date is set forth on Schedule
        2.01. Amounts repaid in respect of Loans may not be reborrowed.

       

      (b)
          All
        Existing Term Loans outstanding under the Existing Credit Agreement on the
        Amendment Effective Date shall remain outstanding hereunder on the terms
        set
        forth herein.

       

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

       

      (b)
          Subject
        to Section 2.10, each Borrowing shall be comprised entirely of ABR Loans or
        Eurodollar Loans as the Borrower may request in accordance herewith. Each
        Lender
        at its option may make any Eurodollar Loan by causing any domestic or foreign
        branch or Affiliate of such Lender to make such Loan; provided
        that any
        exercise of such option shall not affect the obligation of the Borrower to
        repay
        such Loan in accordance with the terms of this Agreement and such Lender
        shall
        not be entitled to any amounts payable under Section 2.11 or 2.13 to the
        extent
        such amounts would not have been payable had such Lender not exercised such
        option. 

       

      (c)
          At
        the
        commencement of each Interest Period for any Eurodollar Borrowing, such
        Borrowing shall be in an aggregate amount that is an integral multiple of
        $1,000,000 and not less than $5,000,000. Borrowings of more than one Type
        may be
        outstanding at the same time; provided
        that
        there shall not at any time be more than a total of 10 Eurodollar Borrowings
        outstanding.

       

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

       

      SECTION
        2.03.   Funding
        of Borrowings. (a)
          Each
        Lender shall make the Incremental Term Loan to be made by it hereunder on
        the
        Amendment Effective Date by wire transfer of immediately available funds
        by
        12:00 noon, New York City time, to the account of the Administrative Agent
        most
        recently designated by it for such purpose by notice to the Lenders. The
        Administrative Agent will make such Loans available to the Borrower by promptly
        crediting the amounts so received, in like funds, to an account of the Borrower
        designated by it by notice to the Administrative Agent.

       

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

       

      SECTION
        2.04.   Interest
        Elections. (a)
         Each
        Borrowing initially shall be of the Type specified in the Borrower’s notice of
        borrowing delivered pursuant to Article IV and shall have an initial
        Interest Period as specified in such notice. Thereafter, the Borrower may
        elect
        to convert such Borrowing to a different Type or to continue such Borrowing
        and,
        in the case of a Eurodollar Borrowing, may elect Interest Periods therefor,
        all
        as provided in this Section. The Borrower may elect different options with
        respect to different portions of the affected Borrowing, in which case each
        such
        portion shall be allocated ratably among the Lenders holding the Loans
        comprising such Borrowing, and the Loans comprising each such portion shall
        be
        considered a separate Borrowing. 

       

      (b)
          To
        make
        an election pursuant to this Section, the Borrower shall notify the
        Administrative Agent of such election by telephone (a) in the case of an
        election that will result in a Eurodollar Borrowing, not later than 12:00
        noon,
        New York City time, three Business Days before the effective date of such
        election, and (b) in the case of an election that will result in an ABR
        Borrowing, not later than 12:00 noon, New York City time, on the effective
        date
        of such election. Each such telephonic Interest Election Request shall be
        irrevocable and shall be confirmed promptly by hand delivery or telecopy
        to the
        Administrative Agent of a written Interest Election Request in a form approved
        by the Administrative Agent and signed by the Borrower.

       

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

       

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

       

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

       

      (iii)  the
        Type
        of the resulting Borrowing; and

       

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

       

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

       

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

       

      (e)
          If
        the
        Borrower fails to deliver a timely Interest Election Request with respect
        to a
        Eurodollar Borrowing prior to the end of the Interest Period applicable thereto,
        then, unless such Borrowing is repaid as provided herein, at the end of such
        Interest Period such Borrowing shall be converted to an ABR Borrowing.
        Notwithstanding any contrary provision hereof, if an Event of Default has
        occurred and is continuing and the Administrative Agent, at the request of
        the
        Required Lenders, so notifies the Borrower, then, so long as an Event of
        Default
        is continuing, unless repaid, each Eurodollar Borrowing shall be converted
        to an
        ABR Borrowing at the end of the Interest Period applicable thereto.

       

      SECTION
        2.05.   Termination
        of Commitments.
        The
        Incremental Term Loan Commitments shall terminate upon the borrowing of the
        Incremental Term Loans on the Amendment Effective Date. The Existing Term
        Loan
        Commitments have terminated.

       

      SECTION
        2.06.   Repayment of
        Loans; Evidence of Debt. (a)
         The
        Borrower hereby unconditionally promises to pay to the Administrative Agent
        for
        the account of each Lender the then unpaid principal amount of each Loan
        on the
        Maturity Date.

       

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

       

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

       

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

       

      (e)
          Any
        Lender may request that Loans made by it be evidenced by a promissory note.
        In
        such event, the Borrower shall prepare, execute and deliver to such Lender
        a
        promissory note payable to the order of such Lender (or, if requested by
        such
        Lender, to such Lender and its registered assigns) and in a form approved
        by the
        Administrative Agent. Thereafter, the Loans evidenced by such promissory
        note
        and interest thereon shall at all times (including after assignment pursuant
        to
        Section 9.04) be represented by one or more promissory notes in such form
        payable to the order of the payee named therein (or, if such promissory note
        is
        a registered note, to such payee and its registered assigns).

       

      SECTION
        2.07.   Prepayment
        of Loans. 

       

      (a)
          Voluntary
        Prepayments of Loans. (i)  The
        Borrower shall have the right at any time and from time to time to prepay
        any
        Borrowing in whole or in part, subject to prior notice in accordance with
        subparagraph (a)(ii) of this Section. Any such prepayment shall be subject
        to Section 2.12 hereof and, in the case of any such prepayment made prior
        to the
        second anniversary of the Existing Credit Agreement Effective Date, shall
        be
        accompanied by a prepayment fee equal to (A) in the event of a voluntary
        prepayment made prior to the first anniversary of the Existing Credit Agreement
        Effective Date, 2.00% of the aggregate principal amount of such prepayment,
        and
        (B) in the event of a voluntary prepayment made on or after the first
        anniversary of the Existing Credit Agreement Effective Date, but prior to
        the
        second anniversary of the Existing Credit Agreement Effective Date, 1.00%
        of the
        aggregate principal amount of the such prepayment. For the avoidance of doubt,
        any voluntary prepayment made by the Borrower pursuant to this paragraph
        (a)
        shall be applied ratably between Existing Term Loan Borrowings and Incremental
        Term Loan Borrowings.

       

      (ii)  The
        Borrower shall notify the Administrative Agent by telephone (confirmed by
        telecopy) of any prepayment hereunder (A) in the case of prepayment of a
        Eurodollar Borrowing, not later than 12:00 noon, New York City time,
        three Business Days before the date of prepayment, or (B) in the case of
        prepayment of an ABR Borrowing, not later than 12:00 noon, New York
        City time, on the date of prepayment. Each such notice shall be irrevocable
        and
        shall specify the prepayment date and the principal amount of each Borrowing
        or
        portion thereof to be prepaid. Promptly following receipt of any such notice,
        the Administrative Agent shall advise the Lenders of the contents thereof.
        Each
        partial prepayment of any Eurodollar Borrowing shall be in an amount that
        would
        be permitted in the case of a Eurodollar Borrowing as provided in
        Section 2.02. Each prepayment of a Borrowing shall be applied ratably to
        the Loans included in the prepaid Borrowing. Prepayments shall be accompanied
        by
        accrued interest to the extent required by Section 2.09. 

       

      (b)
          Mandatory
        Offer to Prepay Loans Upon Asset Disposition. (i)  In
        the event and on the occasion that any Net Cash Proceeds are received by
        or on
        behalf of the Borrower or any Subsidiary in respect of an Asset Disposition,
        the
        Borrower shall, in accordance with subparagraph (b)(ii) hereof, offer to
        prepay Loans in an aggregate amount equal to 100% of such Net Cash Proceeds.
        

       

      (ii)  Subject
        to subparagraph (b)(iii) hereof, within three Business Days following the
        date of receipt of any Net Cash Proceeds from any Asset Disposition, the
        Borrower shall provide a notice to the Administrative Agent (the “Asset
        Disposition Offer”),
        stating:

       

      	(A)  	
              that
                an Asset Disposition has occurred and that each Lender has the right
                to
                require the Borrower to prepay such Lender’s Pro Rata Share of Loans with
                the Net Cash Proceeds from such Asset Disposition, plus accrued and
                unpaid
                interest to the date of prepayment; 

            

       

      	(B)  	
              the
                circumstances and relevant facts and financial information regarding
                such
                Asset Disposition; and

            

       

      	(C)  	
              the
                prepayment date (which shall be no earlier than 7 days nor later than
                14 days from the date of such
                notice).

            

       

      The
        Administrative Agent shall notify the Lenders of any Asset Disposition Offer,
        together with the instructions determined by the Administrative Agent,
        consistent with this Section 2.07(b), that a Lender must follow in order
        to
        receive its Pro Rata Share of the Net Cash Proceeds from the Asset Disposition
        or to decline application of such prepayment to any of such Lender’s
        Loans.

       

      (iii)  The
        Borrower shall not be required to make an Asset Disposition Offer upon an
        Asset
        Disposition if the Borrower or such Subsidiary applies the Net Cash Proceeds
        from such Asset Disposition within one year after receipt of such Net Cash
        Proceeds to acquire real property, equipment or other tangible assets to
        be used
        in, or to otherwise make an Investment in, the Borrower’s business or a Related
        Business; provided
        that, to
        the extent any such Net Cash Proceeds have not been so applied by the end
        of
        such one-year period, then the Borrower shall be required to make an Asset
        Disposition Offer in an amount equal to such Net Cash Proceeds that have
        not
        been so applied.

       

      (iv)  On
        the
        prepayment date in respect of any Asset Disposition Offer, the Borrower shall
        prepay the Loans of each Lender that has elected to receive such prepayment
        in
        an aggregate principal amount equal to such Lender’s Pro Rata Share of such Net
        Cash Proceeds. Each such prepayment of any Lender’s Loans shall be applied
        ratably to the Loans of such Lender included in each Borrowing. Such prepayments
        shall be accompanied by accrued interest to the extent required by
        Section 2.09.

       

      (v)  Any
        Lender may elect not to have a prepayment resulting from an Asset Disposition
        Offer applied to such Lender’s Loans. Any such declination shall not constitute
        a declination of any other Asset Disposition Offer.

       

      (c)
          Mandatory
        Offer to Prepay Loans Upon Change in Control. (i)  Upon
        the occurrence of a Change in Control, the Borrower shall, in accordance
        with
        subparagraph (c)(ii) hereof, offer to prepay all of the unpaid principal
        amount
        of the Loans, plus accrued and unpaid interest to the date of
        prepayment.

       

      (ii)  Any
        such
        prepayment shall be subject to Section 2.12 hereof and shall be accompanied
        by a
        prepayment fee equal to 1.00% of the aggregate principal amount of such
        prepayment.

       

      (iii)  Within
        three Business Days following any Change in Control, the Borrower shall provide
        a notice to the Administrative Agent (the “Change
        in Control Offer”),
        stating:

       

      	(A)  	
              that
                a Change in Control has occurred and that each Lender has the right
                to
                require the Borrower to prepay all of the unpaid principal amount
                of such
                Lender’s Loans, plus accrued and unpaid interest to the date of
                prepayment;

            

       

      	(B)  	
              the
                circumstances and relevant facts and financial information regarding
                such
                Change in Control; and

            

       

      	(C)  	
              the
                prepayment date (which shall be no earlier than 7 days nor later than
                14 days from the date of such
                notice).

            

       

      The
        Administrative Agent shall notify the Lenders of any Change in Control Offer,
        together with the instructions determined by the Administrative Agent,
        consistent with this Section 2.07(c), that a Lender must follow in order
        to have
        its Loans repaid or to decline application of such prepayment to any of such
        Lender’s Loans.

       

      (iv)  The
        Borrower shall not be required to make a Change in Control Offer upon a Change
        in Control if a third party makes the Change in Control Offer in the manner,
        at
        the times and otherwise in compliance with the requirements set forth in
        this
        Section 2.07(c) applicable to a Change in Control Offer made by the Borrower
        and
        has repaid all Lenders that validly accepted such Change in Control
        Offer.

       

      (v)  On
        the
        prepayment date in respect of any Change in Control Offer, the Borrower shall
        prepay all of the unpaid principal amount of the Loans of each Lender that
        has
        elected to receive such prepayment, plus accrued and unpaid interest to the
        date
        of prepayment and the prepayment fee specified above.

       

      (vi)  Any
        Lender may elect not to have a prepayment resulting from a Change in Control
        Offer applied to such Lender’s Loans. Any such declination shall not constitute
        a declination of any other Change in Control Offer.

       

      SECTION
        2.08.   Administrative
        Fees.
        The
        Borrower agrees to pay to the Administrative Agent, for its own account and
        in
        immediately available funds, fees payable in the amounts and at the times
        separately agreed upon between the Borrower and the Administrative Agent.
        Fees
        paid shall not be refundable under any circumstances.

       

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

       

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

       

      (c)
          Notwithstanding
        the foregoing, if any principal of or interest on any Loan or any fee or
        other
        amount payable by the Borrower hereunder is not paid when due, whether at
        stated
        maturity, upon acceleration or otherwise, such overdue amount shall bear
        interest, after as well as before judgment, at a rate per annum equal to
        (i) in the case of overdue principal of any Loan, 2% plus the rate
        otherwise applicable to such Loan as provided in the preceding paragraphs
        of
        this Section or (ii) in the case of any other amount, 2% plus the rate
        applicable to ABR Loans as provided in paragraph (a) of this
        Section.

       

      (d)
          Accrued
        interest on each Loan shall be payable in arrears on each Interest Payment
        Date
        for such Loan; provided
        that
        (i) interest accrued pursuant to paragraph (c) of this Section shall
        be payable on demand, (ii) in the event of any repayment or prepayment of
        any Loan, accrued interest on the principal amount repaid or prepaid shall
        be
        payable on the date of such repayment or prepayment and (iii) in the event
        of any conversion of any Eurodollar Loan prior to the end of the current
        Interest Period therefor, accrued interest on such Loan shall be payable
        on the
        effective date of such conversion.

       

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

       

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

       

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

       

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

       

      then
        the
        Administrative Agent shall give notice thereof to the Borrower and the Lenders
        by telephone or telecopy as promptly as practicable thereafter and, until
        the
        Administrative Agent notifies the Borrower and the Lenders that the
        circumstances giving rise to such notice no longer exist, any Interest Election
        Request that requests the conversion of any Borrowing to, or continuation
        of any
        Borrowing as, a Eurodollar Borrowing shall be ineffective and such Eurodollar
        Borrowing shall be converted to or continued on the last day of the Interest
        Period applicable thereto as an ABR Borrowing.

       

      SECTION
        2.11.   Increased
        Costs. (a)
          If
        any Change in Law (other than with respect to Taxes, which shall be governed
        exclusively by Section 2.13) shall:

       

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

       

      (ii)  impose
        on
        any Lender or the London interbank market any other condition affecting this
        Agreement or Eurodollar 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 Eurodollar 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 otherwise) by an
        amount
        deemed by such Lender to be material (excluding for purposes of this
        Section 2.11 any such increased costs resulting from Taxes or Other Taxes,
        as to which Section 2.13 shall govern), then the Borrower will pay to such
        Lender such additional amount or amounts as will compensate such Lender for
        such
        additional costs incurred or reduction suffered.

       

      (b)
          If
        any
        Lender determines that any Change in Law regarding capital requirements has
        or
        would have the effect of reducing the rate of return on such Lender’s 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) by an amount
        deemed by such Lender to be material, then from time to time the Borrower
        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.

       

      (c)
          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 paragraph (a) or (b) of this Section, together with a reasonably
        detailed description of the basis therefor, and including a certification
        by
        such Lender that its claim for such compensation has been calculated and
        made in
        the same manner as under other credit agreements with other borrowers that
        are
        similarly situated and with respect to which the event entitling such Lender
        to
        compensation hereunder also entitled such Lender to compensation thereunder,
        shall be delivered to the Borrower and shall be conclusive absent manifest
        error. The Borrower shall pay such Lender the amount shown as due on any
        such
        certificate within 30 days after receipt thereof.

       

      (d)
          Failure
        or delay on the part of any Lender to demand compensation pursuant to this
        Section shall not constitute a waiver of such Lender’s right to demand such
        compensation; provided
        that the
        Borrower shall not be required to compensate a Lender pursuant to this Section
        for any increased costs or reductions incurred more than 180 days prior to
        the date that such Lender notifies the Borrower of the Change in Law giving
        rise
        to such increased costs or reductions and of such Lender’s intention to claim
        compensation therefor; provided further
        that, if
        the Change in Law giving rise to such increased costs or reductions is
        retroactive, then the 180-day period referred to above shall be extended
        to
        include the period of retroactive effect thereof.

       

      SECTION
        2.12.   Break
        Funding Payments.
        In the
        event of (a) the payment of any principal of any Eurodollar Loan other than
        on the last day of an Interest Period applicable thereto (including as a
        result
        of an Event of Default), (b) the conversion of any Eurodollar Loan other
        than on the last day of the Interest Period applicable thereto, (c) the
        failure to borrow, convert, continue or prepay any Eurodollar Loan on the
        date
        specified in any notice delivered pursuant hereto, or (d) the assignment of
        any Eurodollar Loan other than on the last day of the Interest Period applicable
        thereto as a result of a request by the Borrower pursuant to Section 2.15,
        then, in any such event, the Borrower shall compensate each Lender for the
        loss,
        cost and expense attributable to such event. In the case of a Eurodollar
        Loan,
        such loss, cost or expense to any Lender shall be deemed to include an amount
        reasonably determined by such Lender to be the excess, if any, of (i) the
        amount of interest which would have accrued on the principal amount of such
        Loan
        had such event not occurred, at the Adjusted LIBO Rate that would have been
        applicable to such Loan, for the period from the date of such event to the
        last
        day of the then current Interest Period therefor (or, in the case of a failure
        to borrow, convert or continue, for the period that would have been the Interest
        Period for such Loan), over (ii) the amount of interest (as reasonably
        determined by such Lender) which would accrue on such principal amount for
        such
        period at the interest rate which such Lender would bid were it to bid, at
        the
        commencement of such period, for deposits in the applicable currency and
        of a
        comparable amount and period from other banks in the eurocurrency market.
        A
        certificate of any Lender setting forth any amount or amounts that such Lender
        is entitled to receive pursuant to this Section, together with a reasonably
        detailed calculation of such amount, shall be delivered to the Borrower and
        shall be conclusive absent manifest error. The Borrower shall pay such Lender
        the amount shown as due on any such certificate within 30 days after
        receipt thereof.

       

      SECTION
        2.13.   Taxes. (a)
          Any
        and all payments by or on account of any obligation of the Borrower hereunder
        shall be made free and clear of and without deduction for any Indemnified
        Taxes
        or Other Taxes; provided
        that if
        the Borrower shall be required to deduct any Indemnified Taxes or Other Taxes
        from such payments, then (i) the sum payable shall be increased as
        necessary so that after making all required deductions for Indemnified Taxes
        and
        Other Taxes (including any such deductions applicable to additional sums
        payable
        under this Section 2.13(a)) the Administrative Agent or Lender (as the case
        may be) receives an amount equal to the sum it would have received had no
        such
        deductions been made, (ii) the Borrower shall make such deductions and
        (iii) the Borrower shall pay the full amount deducted to the relevant
        Governmental Authority in accordance with applicable law.

       

      (b)
          In
        addition, and without duplication of paragraph (a) hereof, the Borrower shall
        pay any Other Taxes to the relevant Governmental Authority in accordance
        with
        applicable law.

       

      (c)
          The
        Borrower shall indemnify the Administrative Agent and each Lender, within
        30 days after written demand therefor, for the full amount of any
        Indemnified Taxes or Other Taxes paid by the Administrative Agent or such
        Lender, as the case may be, on or with respect to any payment by or on account
        of any obligation of the Borrower hereunder (including Indemnified Taxes
        or
        Other Taxes imposed or asserted on or attributable to amounts payable under
        this
        Section 2.13) and any penalties, interest and reasonable expenses (other
        than Excluded Taxes) arising therefrom or with respect thereto; provided,
        that
        the Administrative Agent or such Lender, as the case may be, provides the
        Borrower with a written record therefor setting forth in reasonable detail
        the
        basis and calculation of such amounts.

       

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

       

      (e)
          Any
        Foreign Lender that is entitled to an exemption from or reduction of any
        Tax
        under the law of the jurisdiction in which the Borrower is located, or any
        treaty to which such jurisdiction is a party, with respect to payments under
        this Agreement shall deliver to the Borrower (with a copy to the Administrative
        Agent), at the time or times prescribed by applicable law, such properly
        completed and executed documentation prescribed by applicable law or reasonably
        requested by the Borrower as will permit such payments to be made without
        withholding or at a reduced rate. Without limiting the generality of the
        foregoing, each Foreign Lender shall deliver to the Borrower and the
        Administrative Agent (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 as required upon the
        expiration, obsolescence or invalidity upon the request of the Borrower or
        the
        Administrative Agent, but only if such Foreign Lender is legally entitled
        to do
        so), whichever of the following is applicable:

       

      (i)  duly
        completed copies of the Internal Revenue Service Form W-8BEN claiming
        eligibility for benefits of an income tax treaty to which the United States
        of America is a party;

       

      (ii)  duly
        completed copies of Internal Revenue Service Form W-8ECI;

       

      (iii)  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 Parent within the meaning of section 881(c)(3)(B) of the Code, or
        (C) a “controlled foreign corporation” described in
        section 8981(c)(3)(C) of the Code, and (y) duly completed copies of
        Internal Revenue Service Form W-8BEN;

       

      (iv)  any
        Lender that is not a Foreign Lender shall deliver to the Borrower Internal
        Revenue Service Form W-9 or any subsequent versions thereof or successors
        thereto, properly completed and duly executed. If any Lender fails to deliver
        Form W-9 or any subsequent versions thereof or successors thereto as
        required herein, then the Borrower may withhold from any payment to such
        party
        an amount equivalent to the applicable backup withholding Tax imposed by
        the
        Code, without reduction, or

       

      (v)  any
        other
        form prescribed by applicable law as a basis for claiming exemption from
        or a
        reduction in United States Federal withholding tax duly completed together
        with such supplementary documentation as may be prescribed by applicable
        law to
        permit the Borrower to determine the withholding or deduction required to
        be
        made.

       

      (f)
          If
        the
        Administrative Agent or a 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 2.13, it shall pay over such
        refund to the Borrower (but only to the extent of indemnity payments made,
        or
        additional amounts paid, by the Borrower under this Section 2.13 with
        respect to the Taxes or Other Taxes giving rise to such refund), net of all
        out-of-pocket expenses of the Administrative Agent or such Lender and without
        interest (other than any interest paid by the relevant Governmental Authority
        with respect to such refund); provided,
        that
        the Borrower, upon the request of the Administrative Agent or such Lender,
        agrees to repay the amount paid over to the Borrower (plus any penalties,
        interest or other reasonable charges imposed by the relevant Governmental
        Authority) to the Administrative Agent or such Lender in the event the
        Administrative Agent or such Lender is required to repay such refund to such
        Governmental Authority. This Section shall not be construed to require the
        Administrative Agent or any Lender to make available its tax returns (or
        any
        other information relating to its taxes which it deems confidential) to the
        Borrower or any other Person.

       

      (g)
          Any
        Lender claiming any indemnity payment or additional amounts payable pursuant
        to
        this Section 2.13 shall use reasonable efforts (consistent with legal and
        regulatory restrictions) to file any certificate or document reasonably
        requested by the Borrower following the reasonable written request by the
        Borrower if the making of such a filing would avoid the need for or reduce
        the
        amount of any such indemnity payment or additional amounts that may thereafter
        accrue and would not, in the sole determination of such Lender, require the
        disclosure of information that the Lender reasonably considers confidential
        or
        be otherwise disadvantageous to such Lender.

       

      SECTION
        2.14.   Payments
        Generally; Pro Rata Treatment; Sharing of Set-offs. (a)
          The
        Borrower shall make each payment required to be made by it hereunder (whether
        of
        principal, interest or fees, or of amounts payable under Section 2.11, 2.12
        or 2.13, or otherwise) prior to 2:00 p.m., New York City time, on the date
        when
        due, in immediately available funds, without set-off or counterclaim. Any
        amounts received after such time on any date may, in the discretion of the
        Administrative Agent, be deemed to have been received on the next succeeding
        Business Day for purposes of calculating interest thereon. All such payments
        shall be made to the Administrative Agent at its offices at 270 Park Avenue,
        New York, New York, except that payments pursuant to Sections 2.11,
        2.12, 2.13 and 9.03 shall be made directly to the Persons entitled thereto.
        The
        Administrative Agent shall distribute any such payments received by it for
        the
        account of any other Person to the appropriate recipient promptly following
        receipt thereof. If any payment hereunder shall be due on a day that is not
        a
        Business Day, the date for payment shall be extended to the next succeeding
        Business Day, and, in the case of any payment accruing interest, interest
        thereon shall be payable for the period of such extension. All payments
        hereunder shall be made in Dollars.

       

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

       

      (c)
          If
        any
        Lender shall, by exercising any right of set-off or counterclaim or otherwise,
        obtain payment in respect of any principal of or interest on its Loans resulting
        in such Lender receiving payment of a greater proportion of the aggregate
        amount
        of its Loans and accrued interest thereon than the proportion received by
        any
        other Lender, then the Lender receiving such greater proportion shall purchase
        (for cash at face value) participations in the Loans of other Lenders to
        the
        extent necessary so that the benefit of all such payments shall be shared
        by the
        Lenders ratably in accordance with the aggregate amount of principal of and
        accrued interest on their respective Loans; provided
        that
        (i) if any such participations are purchased and all or any portion of the
        payment giving rise thereto is recovered, such participations shall be rescinded
        and the purchase price restored to the extent of such recovery, without
        interest, and (ii) the provisions of this paragraph shall not be construed
        to apply to any payment made by the Borrower pursuant to and in accordance
        with
        the express terms of this Agreement or any payment obtained by a Lender as
        consideration for the assignment of or sale of a participation in any of
        its
        Loans to any assignee or participant, other than to the Borrower or any
        Subsidiary or Affiliate thereof (as to which the provisions of this paragraph
        shall apply). The Borrower consents to the foregoing and agrees, to the extent
        it may effectively do so under applicable law, that any Lender acquiring
        a
        participation pursuant to the foregoing arrangements may exercise against
        the
        Borrower rights of set-off and counterclaim with respect to such participation
        as fully as if such Lender were a direct creditor of the Borrower in the
        amount
        of such participation.

       

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

       

      (e)
          If
        any
        Lender shall fail to make any payment required to be made by it pursuant
        to
        Section 2.03(b) or 2.14(d), then the Administrative Agent may, in its discretion
        (notwithstanding any contrary provision hereof), apply any amounts thereafter
        received by the Administrative Agent for the account of such Lender to satisfy
        such Lender’s obligations under such Sections until all such unsatisfied
        obligations are fully paid.

       

      SECTION
        2.15.   Mitigation
        Obligations; Replacement of Lenders. (a)
         If
        any Lender requests compensation under Section 2.11, or if the
        Borrower is required to pay any additional amount to any Lender or any
        Governmental Authority for the account of any Lender pursuant to
        Section 2.13, then such Lender shall use reasonable efforts to designate a
        different lending office for funding or booking its Loans hereunder or to
        assign
        its rights and obligations hereunder to another of its offices, branches
        or
        affiliates, if, in the judgment of such Lender, such designation or assignment
        (i) would eliminate or reduce amounts payable pursuant to Section 2.11 or
        2.13, as the case may be, in the future and (ii) would not subject such
        Lender to any unreimbursed cost or expense and would not, in the reasonable
        judgment of such Lender, otherwise be disadvantageous to such Lender. The
        Borrower hereby agrees to pay all reasonable costs and expenses incurred
        by any
        Lender in connection with any such designation or assignment.

       

      (b)
          If
        any
        Lender requests compensation under Section 2.11, or if the Borrower is
        required to pay any additional amount to any Lender or any Governmental
        Authority for the account of any Lender pursuant to Section 2.13, or if any
        Lender defaults in its obligation to fund Loans hereunder, then the Borrower
        may, at its sole expense and effort, upon notice to such Lender and the
        Administrative Agent, require such Lender to assign and delegate, without
        recourse (in accordance with and subject to the restrictions contained in
        Section 9.04), all its interests, rights and obligations under this
        Agreement to an assignee that shall assume such obligations (which assignee
        may
        be another Lender, if a Lender accepts such assignment); provided
        that (i)
        such Lender shall have received payment of an amount equal to the outstanding
        principal of its Loans, accrued interest thereon and all other amounts payable
        to it hereunder, from the assignee (to the extent of such outstanding principal
        and accrued interest) or the Borrower (in the case of all other amounts)
        and
        (ii) in the case of any such assignment resulting from a claim for
        compensation under Section 2.11 or payments required to be made pursuant to
        Section 2.13, such assignment will result in a reduction in such
        compensation or payments. A Lender shall not be required to make any such
        assignment and delegation if, prior thereto, as a result of a waiver by such
        Lender or otherwise, the circumstances entitling the Borrower to require
        such
        assignment and delegation cease to apply.

       

      ARTICLE
        III  

       

       

      Representations
        and Warranties

       

      Each
        of
        the Parent and the Borrower represents and warrants to the Lenders
        that:

       

      SECTION
        3.01.   Organization;
        Powers.
        Each of
        the Parent and the Subsidiaries is duly organized, validly existing and in
        good
        standing under the laws of the jurisdiction of its organization, has all
        requisite power and authority to carry on its business as now conducted and,
        except where the failure to do so, individually or in the aggregate, would
        not
        reasonably be expected to result in a Material Adverse Effect, is qualified
        to
        do business in, and is in good standing in, every jurisdiction where such
        qualification is required.

       

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

       

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

       

      SECTION
        3.04.   Financial
        Condition; No Material Adverse Change. 

       

      (a)
         The
        Parent has heretofore furnished to the Lenders its consolidated balance sheet
        and statements of income, stockholders equity and cash flows (i) as of and
        for
        the fiscal year ended December 31, 2005, reported on by Deloitte & Touche
        LLP, independent public accountants, and (ii) as of and for the fiscal quarter
        and the portion of the fiscal year ended June 30, 2006, certified by its
        chief
        financial officer. Such financial statements present fairly, in all material
        respects, the financial position and results of operations and cash flows
        of the
        Parent and its consolidated Subsidiaries as of such dates and for such periods
        in accordance with GAAP, subject to year-end audit adjustments and the absence
        of footnotes in the case of the statements referred to in clause (ii)
        above.

       

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

       

      SECTION
        3.05.   Litigation
        and Environmental Matters. (a)
         There
        are no actions, suits or proceedings by or before any arbitrator or Governmental
        Authority pending against or, to the knowledge of the Parent or the Borrower,
        threatened against or affecting the Parent or any Subsidiary (i) as to
        which there is a reasonable possibility of an adverse determination and that,
        if
        adversely determined, would reasonably be expected, individually or in the
        aggregate, to result in a Material Adverse Effect (other than the Disclosed
        Matters) or (ii) that involve any of the Loan Documents or the
        Transactions.

       

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

       

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

       

      SECTION
        3.07.   Investment
        Company Status.
        Neither
        the Parent nor any of the Subsidiaries is an “investment company” as defined in,
        or subject to regulation under, the Investment Company Act of 1940.

       

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

       

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

       

      SECTION
        3.10.   Disclosure.
        Neither
        the Lender Presentation nor any of the other reports, financial statements
        or
        other information furnished by or on behalf of the Parent or the Borrower
        to the
        Administrative Agent or any Lender in connection with the negotiation of
        the
        Loan Documents or delivered thereunder, taken as a whole, contains any material
        misstatement of fact or omits to state any material fact necessary to make
        the
        statements therein, in the light of the circumstances under which they were
        made, not misleading; provided
        that,
        with respect to projected financial information or any information concerning
        future proposed and intended activities of the Parent and the Subsidiaries,
        the
        Parent and the Borrower represent only that such information was prepared
        in
        good faith based upon assumptions believed to be reasonable at the time (it
        being understood that such projections and information are forward looking
        statements which by their nature are subject to significant uncertainties
        and
        contingencies, many of which are beyond the Parent’s and the Borrower’s control,
        and that actual results may differ, perhaps materially, from those expressed
        or
        implied in such forward looking statements, and no assurance can be given
        that
        the projections will be realized).

       

      SECTION
        3.11.   Subsidiaries.
        Schedule
        3.11 sets forth the name and jurisdiction of organization of, and the direct
        or
        indirect ownership interest of the Parent in, each Subsidiary, and identifies
        each Subsidiary that is a Material Subsidiary or is otherwise required to
        become
        a Guarantor, in each case, as of the Amendment Effective Date.

       

      ARTICLE
        IV 

       

       

      Conditions

       

      

       

      [Intentionally
        Omitted]

       

      ARTICLE
        V 

       

       

      Affirmative
        Covenants

       

      Until
        the
        Commitments have expired or terminated and the principal of and interest
        on each
        Loan and all fees payable hereunder shall have been paid in full, the Parent
        and
        the Borrower covenant and agree with the Lenders that:

       

      SECTION
        5.01.   Financial
        Statements and Other Information.
        The
        Parent or the Borrower will furnish to the Administrative Agent (and, when
        furnished, the Administrative Agent will promptly furnish to the
        Lenders):

       

      (a)  within
        90 days after the end of each fiscal year of the Parent, its audited
        consolidated balance sheet and related statements of operations, stockholders’
equity and cash flows as of the end of and for such year, setting forth in
        each
        case in comparative form the figures for the previous fiscal year, all reported
        on by independent public accountants of recognized national standing (without
        a
“going concern” or like qualification or exception and without any qualification
        or exception as to the scope of such audit) to the effect that such consolidated
        financial statements present fairly in all material respects the financial
        condition and results of operations of the Parent and its consolidated
        Subsidiaries on a consolidated basis in accordance with GAAP consistently
        applied; provided
        that it
        is understood and agreed that the delivery of the Parent’s Form 10-K and
        annual report for the applicable fiscal year shall satisfy the requirements
        of
        this clause (a) if such materials contain the information required by this
        clause (a);

       

      (b)  within
        45 days after the end of each of the first three fiscal quarters of each
        fiscal year of the Parent, its condensed consolidated balance sheet and related
        statements of operations, stockholders’ equity and cash flows as of the end of
        and for such fiscal quarter and the then elapsed portion of the fiscal year,
        setting forth in each case in comparative form the figures for the corresponding
        period or periods of (or, in the case of the balance sheet, as of the end
        of)
        the previous fiscal year, all certified by one of its Financial Officers
        as
        presenting fairly in all material respects the financial condition and results
        of operations of the Parent and its consolidated Subsidiaries on a consolidated
        basis in accordance with GAAP consistently applied, subject to normal year-end
        audit adjustments and the absence of footnotes; provided
        that it
        is understood and agreed that the delivery of the Parent’s Form 10-Q for
        the applicable fiscal quarter shall satisfy the requirements of this clause
        (b)
        if such materials contain the information required by this clause
        (b);

       

      (c)  concurrently
        with any delivery of financial statements under clause (a) or (b)
        above, a certificate of a Financial Officer of the Parent (i) certifying as
        to whether a Default has occurred and, if a Default has occurred, specifying
        the
        details thereof and any action taken or proposed to be taken with respect
        thereto, and (ii) stating whether any change in GAAP or in the application
        thereof affecting the financial statements accompanying such certificate
        in any
        material respect has occurred since the date of the audited financial statements
        referred to in Section 3.04 and, if any such change has occurred,
        specifying the effect of such change on such financial statements;

       

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

       

      (e)  promptly
        following any request therefor, such other information regarding the operations,
        business affairs and financial condition of the Parent or any Subsidiary,
        or
        compliance with the terms of the Loan Documents, as the Administrative Agent
        or
        any Lender through the Administrative Agent may reasonably request.

       

      Any
        financial statement, report, proxy statement or other material required to
        be
        delivered pursuant to clause (a), (b) or (d) of this Section shall be deemed
        to
        have been furnished to the Administrative Agent and each Lender on the date
        that
        the Parent notifies the Administrative Agent that such financial statement,
        report, proxy statement or other material is posted on the Securities and
        Exchange Commission’s website at www.sec.gov
        or on
        the Parent’s website at www.aam.com;
        provided,
        that
        the Administrative Agent will promptly inform the Lenders of any such
        notification by the Parent; provided,
        further,
        that
        the Parent will furnish paper copies of such financial statement, report,
        proxy
        statement or material to the Administrative Agent or any Lender that requests,
        by notice to the Parent, that the Parent do so, until the Parent receives
        notice
        from the Administrative Agent or such Lender, as applicable, to cease delivering
        such paper copies.

       

      SECTION
        5.02.   Notices
        of Material Events.
        The
        Parent or the Borrower will furnish to the Administrative Agent (and when
        furnished, the Administrative Agent will promptly furnish to the Lenders)
        written notice of the following, promptly after any executive officer or
        Financial Officer of the Parent or the Borrower obtains actual knowledge
        thereof:

       

      (a)  the
        occurrence of any Default;

       

      (b)  the
        filing or commencement of any action, suit or proceeding by or before any
        arbitrator or Governmental Authority against or affecting the Parent or any
        Subsidiary that involves a reasonable possibility of an adverse determination
        and that, if adversely determined, would reasonably be expected to result
        in a
        Material Adverse Effect;

       

      (c)  the
        occurrence of any ERISA Event that, alone or together with any other ERISA
        Events that have occurred, would result in or would reasonably be expected
        to
        result in a Material Adverse Effect; and

       

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

       

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

       

      SECTION
        5.03.   Existence;
        Conduct of Business.
        The
        Parent and the Borrower will, and will cause each of the other Subsidiaries
        to,
        do or cause to be done all things necessary to preserve, renew and keep in
        full
        force and effect its legal existence and the rights, licenses, permits,
        privileges and franchises material to the conduct of its business; provided
        that
        (i) the foregoing shall not prohibit any merger, consolidation, liquidation
        or dissolution permitted under Section 6.03 and (ii) neither the
        Parent nor any of its Subsidiaries shall be required to preserve any rights,
        licenses, permits or franchises, if the Parent or such Subsidiary shall
        determine that the preservation thereof is no longer desirable in the conduct
        of
        its business and if the loss thereof would not have and would not reasonably
        be
        expected to have a Material Adverse Affect.

       

      SECTION
        5.04.   Payment
        of Obligations.
        The
        Parent and the Borrower will, and will cause each of the other Subsidiaries
        to,
        pay its obligations, including Tax liabilities (but excluding Indebtedness),
        that, if not paid, would reasonably be expected to result in a Material Adverse
        Effect before the same shall become delinquent or in default, except where
        (a) the validity or amount thereof is being contested in good faith by
        appropriate proceedings and (b) the Parent, the Borrower or such other
        Subsidiary has set aside on its books adequate reserves with respect thereto
        in
        accordance with GAAP.

       

      SECTION
        5.05.   Maintenance
        of Properties; Insurance.
        The
        Parent and the Borrower will, and will cause each of the other Subsidiaries
        to,
        (a) keep and maintain all property material to the conduct of its business
        in good working order and condition, ordinary wear and tear excepted, and
        (b) maintain, with financially sound and reputable insurance companies,
        insurance in such amounts and against such risks as are reasonable and
        prudent.

       

      SECTION
        5.06.   Books
        and Records; Inspection Rights.
        The
        Parent and the Borrower will, and will cause each of the other Subsidiaries
        to,
        keep proper financial books of record and account in which full, true and
        correct entries are made of all financial dealings and transactions in relation
        to its business and activities in order to produce its financial statements
        in
        accordance with GAAP. The Parent and the Borrower will, and will cause each
        of
        the other Subsidiaries to, permit any representatives designated by the
        Administrative Agent or any Lender, upon reasonable prior notice and at the
        applicable Lender’s expense, to visit and inspect its properties, to examine and
        make extracts from its books and records, and to discuss its affairs, finances
        and condition with its officers and independent accountants, all at such
        reasonable times during normal business hours and as often as reasonably
        requested (subject to reasonable requirements of confidentiality, including
        requirements imposed by law or contract).

       

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

       

      SECTION
        5.08.   Use
        of
        Proceeds.
        The
        proceeds of the Loans will be used for general corporate purposes, including
        to
        refinance amounts payable by the Parent upon exercise of any put or conversion
        rights in respect of the Convertible Notes. No part of the proceeds of any
        Loan
        will be used, whether directly or indirectly, for any purpose that entails
        a
        violation of any of the Regulations of the Board, including Regulations
        T, U and X.

       

      SECTION
        5.09.   Additional
        Guarantors.
        If any
        Material Subsidiary is formed or otherwise acquired after the date hereof
        or any
        Subsidiary that is not a Material Subsidiary subsequently becomes a Material
        Subsidiary or Guarantees the obligations under the Revolving Credit Agreement
        or
        any refinancing or replacement thereof, then, in each case, within 10 Business
        Days thereafter the Parent or the Borrower shall notify the Administrative
        Agent
        thereof and cause such Subsidiary to execute a supplement to the Guarantee
        Agreement (in the form provided as an annex thereto or otherwise in form
        and
        substance reasonably satisfactory to the Administrative Agent) in order to
        become a Guarantor.

       

      ARTICLE
        VI

       

       

      Negative
        Covenants

       

      Until
        the
        Commitments have expired or terminated and the principal of and interest
        on each
        Loan and all fees payable hereunder have been paid in full, the Parent and
        the
        Borrower covenant and agree with the Lenders that:

       

      SECTION
        6.01.   Indebtedness. (a)
          The
        Parent and Borrower will not, and will not permit any Subsidiary to, Incur,
        directly or indirectly, any Indebtedness; provided,
        that
        the Parent, the Borrower or any such Subsidiary will be entitled to Incur
        Indebtedness if, on the date of such Incurrence and after giving effect thereto,
        the Leverage Ratio does not exceed 3.50 to 1.00.

       

      (b)
          Notwithstanding
        the foregoing paragraph (a), the Parent and the Subsidiaries will be entitled
        to
        Incur any or all of the following Indebtedness:

       

      (i)  Indebtedness
        incurred by the Borrower pursuant to this Agreement;

       

      (ii)  Indebtedness
        incurred by the Borrower pursuant to the Revolving Credit Agreement or any
        refinancing or replacement thereof; provided
        that,
        the aggregate principal amount of all Indebtedness incurred under this clause
        (ii) and then outstanding does not exceed $600,000,000;

       

      (iii)  Indebtedness
        owed to and held by the Parent or a Subsidiary; provided
        that,
        (A) any subsequent issuance or transfer of Equity Interests that results in
        any such Subsidiary ceasing to be a Subsidiary or any subsequent transfer
        of
        such Indebtedness (other than to the Parent, the Borrower or a Subsidiary)
        shall
        be deemed, in each case, to constitute the Incurrence of such Indebtedness
        by
        the obligor thereon and (B) if the Borrower or a Guarantor is the obligor
        on any
        such Indebtedness owed to a Subsidiary that is not a Guarantor, such
        Indebtedness is expressly subordinated to the prior payment in full in cash
        of
        all obligations with respect to the Loans;

       

      (iv)  the
        Existing Senior Debt;

       

      (v)  Indebtedness
        outstanding on the Existing Credit Agreement Effective Date (other than
        Indebtedness described in clause (i), (ii), (iii) or (iv) of this covenant)
        and
        set forth on Schedule 6.01;

       

      (vi)  Refinancing
        Indebtedness in respect of Indebtedness incurred pursuant to paragraph (a)
        or
        pursuant to clause (iv) or (v) or this clause (vi);

       

      (vii)  Indebtedness
        of any Receivables Subsidiary incurred pursuant to any Permitted Receivables
        Financing; provided
        that the
        aggregate amount of Receivables Financing Debt shall not exceed $200,000,000
        at
        any time outstanding;

       

      (viii)  Designated
        Secured Indebtedness; provided
        that the
        aggregate principal amount of Designated Secured Indebtedness shall not exceed
        $200,000,000 at any time outstanding;

       

      (ix)  Indebtedness
        secured by a Lien permitted by clause (g) of Section 6.02, subject to
        the limitations set forth therein;

       

      (x)  Indebtedness
        arising from agreements of the Parent or a Subsidiary providing for
        indemnification, adjustment of purchase price, earn outs, or similar
        obligations, in each case, incurred or assumed in connection with the
        disposition or acquisition of any business, assets or a Subsidiary in accordance
        with the terms of this Agreement, other than Guarantees of Indebtedness incurred
        or assumed by any Person acquiring all or any portion of such business, assets
        or Subsidiary for the purpose of financing such acquisition;

       

      (xi)  Guarantees
        by the Parent of Indebtedness of any Subsidiary or by any Subsidiary of
        Indebtedness of the Parent or any other Subsidiary; and

       

      (xii)  Indebtedness
        of any Person that becomes a Subsidiary (whether through an acquisition or
        otherwise) after the date hereof; provided
        that
        such Indebtedness exists at the time that such Person becomes a Subsidiary
        and
        is not created in contemplation of or in connection with such Person becoming
        a
        Subsidiary.

       

      (c)
          Notwithstanding
        the foregoing paragraphs (a) and (b), the Parent and the Borrower will not
        permit any Subsidiary (other than the Borrower or a Guarantor) to create,
        incur,
        assume or permit to exist any Indebtedness, including pursuant to any Guarantee
        of Indebtedness of the Parent or another Subsidiary, except:

       

      (i)  Indebtedness
        owing to the Parent or another Subsidiary;

       

      (ii)  Indebtedness
        of any Receivables Subsidiary incurred pursuant to any Permitted Receivables
        Financing; provided,
        that
        the aggregate amount of Receivables Financing Debt shall not exceed $200,000,000
        at any time outstanding; 

       

      (iii)  Designated
        Secured Indebtedness incurred by any such Subsidiary; provided,
        that
        the aggregate principal amount of Designated Secured Indebtedness shall not
        exceed $200,000,000 at any time outstanding;

       

      (iv)  Indebtedness
        of any such Subsidiary secured by a Lien permitted by clause (g) of Section
        6.02, subject to the limitations set forth therein;

       

      (v)  Guarantees
        by any such Subsidiary of Indebtedness of another Subsidiary (other than
        the
        Borrower or a Guarantor);

       

      (vi)  Indebtedness
        of any Person that becomes a Subsidiary (whether through an acquisition or
        otherwise) after the date hereof; provided,
        that
        such Indebtedness exists at the time such Person becomes a Subsidiary and
        is not
        created in contemplation of or in connection with such Person becoming a
        Subsidiary;

       

      (vii)  Indebtedness
        of any such Subsidiary existing on the Existing Credit Agreement Effective
        Date
        and set forth on Schedule 6.01; 

       

      (viii)  Obligations
        of any such Subsidiary with respect to the redemption, repayment or other
        repurchase of any Disqualified Stock of such Person; and

       

      (ix)  other
        unsecured Indebtedness of any such Subsidiary; provided
        that, at
        the time that any such Indebtedness is incurred, after giving effect to such
        incurrence and any related transactions then being consummated, the aggregate
        principal amount of all such Indebtedness of all such Subsidiaries then
        outstanding shall not exceed 15% of Total Assets of the Parent.

       

      (d)
          For
        purposes of determining compliance with this covenant:

       

      (i)  in
        the
        event that an item of Indebtedness (or any portion thereof) meets the criteria
        of more than one of the types of Indebtedness permitted above, the Borrower,
        in
        its sole discretion, will classify such item of Indebtedness (or any portion
        thereof) at the time of incurrence and will only be required to include the
        amount and type of such Indebtedness in one of the above clauses; and

       

      (ii)  the
        Borrower will be entitled to divide and classify an item of Indebtedness
        in more
        than one of the types of Indebtedness described above.

       

      (e)
          The
        accrual of interest or dividends, the accretion or amortization of original
        issue discount, the payment of interest on any Indebtedness in the form of
        additional Indebtedness with the same terms, the reclassification of preferred
        equity as Indebtedness due to a change in accounting principles, and the
        payment
        of dividends on Disqualified Stock or in the form of additional shares of
        the
        same class of Disqualified Stock will not be deemed to be an incurrence of
        Indebtedness or an issuance of Disqualified Stock for purposes of this Section
        6.01. Notwithstanding any other provision of this Section 6.01, the maximum
        amount of Indebtedness that the Borrower or any Subsidiary may incur pursuant
        to
        this Section 6.01 shall not be deemed to be exceeded solely as a result of
        fluctuations in exchange rates or currency values.

       

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

       

      (a)  Permitted
        Encumbrances;

       

      (b)  any
        Lien
        on any property or asset of the Parent or any Subsidiary existing on the
        date
        hereof (other than Liens of the type permitted under clause (d) or (f) of
        this Section) and set forth in Schedule 6.02; provided
        that
        (i) such Lien shall not apply to any other property or asset of the Parent
        or any Subsidiary and (ii) such Lien shall secure only those obligations
        which it secures on the date hereof and extensions, renewals and replacements
        thereof that do not increase the outstanding principal amount
        thereof;

       

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

       

      (d)  Liens
        on
        fixed or capital assets acquired, constructed or improved by the Parent or
        any
        Subsidiary; provided
        that
        (i) such Liens secure Indebtedness incurred to finance the acquisition,
        construction or improvement of such fixed or capital assets, including Capital
        Lease Obligations and any Indebtedness assumed in connection with the
        acquisition of any such assets or secured by a Lien on any such assets prior
        to
        the acquisition thereof, and extensions, renewals and replacements of any
        such
        Indebtedness that do not increase the outstanding principal amount thereof,
        (ii) such Liens and the Indebtedness secured thereby are incurred prior to
        or within 360 days after such acquisition or the completion of such
        construction or improvement, (iii) the Indebtedness secured thereby does
        not exceed the cost of acquiring, constructing or improving such fixed or
        capital assets, (iv) such Liens shall not apply to any other property or
        assets of the Parent or any Subsidiary (other than to accessions to such
        fixed
        or capital assets and provided that individual financings of equipment provided
        by a single lender may be cross-collateralized to other financings of equipment
        provided solely by such lender) and (v) the aggregate principal amount of
        Designated Secured Indebtedness shall not exceed $200,000,000 at any time
        outstanding; 

       

      (e)  any
        other
        Lien on any property or asset of any Subsidiary that is not a Loan Party;
        provided,
        that
        (i) such Lien secures Indebtedness of such Subsidiary that is not Guaranteed
        by
        any Loan Party and (ii) the aggregate principal amount of Designated Secured
        Indebtedness shall not exceed $200,000,000 at any time outstanding;

       

      (f)  assignments
        and sales of Receivables and Related Security pursuant to a Permitted
        Receivables Financing and Liens arising pursuant to a Permitted Receivables
        Financing on Receivables and Related Security sold or financed in connection
        with such Permitted Receivables Financing; provided,
        that
        the aggregate amount of Receivables Financing Debt shall not exceed $200,000,000
        at any time outstanding;

       

      (g)  any
        other
        Lien securing Indebtedness of the Parent or any Subsidiary; provided,
        that
        the aggregate principal amount of all Indebtedness secured by such Liens
        shall
        not exceed $50,000,000 at any time outstanding; and

       

      (h)  any
        Liens
        securing obligations under the Revolving Credit Agreement or any refinancing
        or
        replacement thereof; provided
        that
        such Liens shall equally and ratably secure the obligations in respect of
        the
        Loans.

       

      SECTION
        6.03.   Fundamental
        Changes.
        The
        Parent and the Borrower will not, and will not permit any other Subsidiary
        to,
        merge into or consolidate with any other Person, or permit any other Person
        to
        merge into or consolidate with it, or sell, transfer, lease or otherwise
        dispose
        of (in one transaction or in a series of transactions) all or substantially
        all
        of the assets of the Parent and the Subsidiaries, taken as a whole, or liquidate
        or dissolve, except that, if at the time thereof and immediately after giving
        effect thereto no Default shall have occurred and be continuing (a) any
        Person (other than the Borrower) may merge into the Parent in a transaction
        in
        which the Parent is the surviving corporation, (b) any Person may merge
        into any Subsidiary in a transaction in which the surviving entity is a
        Subsidiary and, if a Loan Party is a party to such merger, then the surviving
        entity is a Loan Party, (c) any Subsidiary may sell, transfer, lease or
        otherwise dispose of its assets to another Subsidiary and (d) any
        Subsidiary (other than the Borrower or a Guarantor) may liquidate or dissolve
        if
        the Parent determines in good faith that such liquidation or dissolution
        is in
        the best interests of the Parent and is not materially disadvantageous to
        the
        Lenders; provided
        that any
        such merger involving a Person that is not a wholly owned Subsidiary immediately
        prior to such merger shall not be permitted unless also permitted by
        Section 6.04.

       

      SECTION
        6.04.   Restricted
        Payments. (a)
        The
        Parent and Borrower will not, and will not permit any of the other Subsidiaries
        (other than a Receivables Subsidiary), directly or indirectly, to make a
        Restricted Payment if at the time the Parent or such Subsidiary makes such
        Restricted Payment:

       

      (i)  a
        Default
        shall have occurred and be continuing (or would result therefrom);

       

      (ii)  the
        Borrower is not entitled to incur an additional $1.00 of Indebtedness pursuant
        to Section 6.01(a);

       

      (iii)  the
        aggregate amount of such Restricted Payment and all other Restricted Payments
        since the Existing Credit Agreement Effective Date would exceed the sum of
        (without duplication):

       

      	(A)  	
              $25,000,000
                plus
                50% of the Consolidated Net Income (adjusted
                for any non-cash special charges or any special charges, which may
                include, without limitation, cash charges related to labor agreements,
                and
                any non-recurring gains or losses)
                accrued during the period (treated as one accounting period) from
                the
                beginning of the fiscal quarter during which the Existing Credit
                Agreement
                Effective Date occurs to the end of the most recent fiscal quarter
                for
                which financial statements are available (or, in case such Consolidated
                Net Income (adjusted
                for any non-cash special charges or any special charges, which may
                include, without limitation, cash charges related to labor agreements,
                and
                any non-recurring gains or losses)
                shall be a deficit, minus 100% of such deficit); provided
                that the amount of Restricted Payments permitted under this clause
                (iii)
                shall not, in any event, be less than $25,000,000; plus

            

       

      	(B)  	
              100%
                of the aggregate Net Cash Proceeds and marketable securities received
                by
                the Parent from the issuance or sale of its Equity Interests (other
                than
                Disqualified Stock) subsequent to the Existing Credit Agreement Effective
                Date (other than an issuance or sale to a Subsidiary and other than
                an
                issuance or sale to an employee stock ownership plan or to a trust
                established by the Parent or any of its Subsidiaries for the benefit
                of
                their employees) and 100% of any cash capital contribution received
                by the
                Parent from its shareholders subsequent to the Existing Credit Agreement
                Effective Date; plus

            

       

      	(C)  	
              to
                the extent not already included in Consolidated
                Net Income, 100% of the aggregate amount in cash and marketable securities
                received after the Existing
                Credit Agreement Effective
                Date by means of the sale or other disposition (other than to the
                Parent
                or a Subsidiary) of Investments (other than Permitted Investments)
                made by
                the Parent or any of its Subsidiaries and repurchases or redemptions
                of
                such Investments (other than Permitted Investments) from the Parent
                or any
                of its Subsidiaries and repayments of loans or advances which constitute
                Investments (other than Permitted Investments) of the Parent or any
                of its
                Subsidiaries;
                plus

            

       

      	(D)  	
              the
                amount by which Indebtedness of the Parent is reduced on the Parent’s
                balance sheet upon the conversion or exchange subsequent to the Existing
                Credit Agreement Effective Date of any Indebtedness of the Parent
                convertible or exchangeable for Equity Interests (other than Disqualified
                Stock) of the Parent (less the amount of any cash, or the fair value
                of
                any other property, distributed by the Parent upon such conversion
                or
                exchange); provided
                that the foregoing amount shall not exceed the Net Cash Proceeds
                received
                by the Parent or any Subsidiary from the sale of such Indebtedness
                (excluding Net Cash Proceeds from sales to a Subsidiary or to an
                employee
                stock ownership plan or a trust established by the Parent or any
                of its
                Subsidiaries for the benefit of their
                employees).

            

       

      (b)
          The
        preceding provisions will not prohibit:

       

      (i)  the
        declaration and payment of dividends on the Parent’s Equity Interests;
provided
        that the
        aggregate amount of such Restricted Payments shall not exceed in any fiscal
        year
        $35,000,000;

       

      (ii)  Permitted
        Investments, including Investments that were Permitted Investments when
        made;

       

      (iii)  any
        Restricted Payment made out of the Net Cash Proceeds of the substantially
        concurrent sale of, or made by exchange for, Equity Interests of the Parent
        (other than Disqualified Stock and other than Equity Interests issued or
        sold to
        a Subsidiary or an employee stock ownership plan or to a trust established
        by
        the Parent or any of its Subsidiaries for the benefit of their employees)
        or a
        substantially concurrent cash capital contribution received by the Parent
        from
        its shareholders; provided
        that
        (A) such Restricted Payment shall be excluded in the calculation of the
        amount of Restricted Payments and (B) the Net Cash Proceeds from such sale
        or such cash capital contribution (to the extent so used for such Restricted
        Payment) shall be excluded from the calculation of amounts under
        clause (iii)(B) of paragraph (a) above;

       

      (iv)  any
        purchase, repurchase, redemption, defeasance or other acquisition or retirement
        for value of Subordinated Obligations of the Borrower or a Guarantor made
        by
        exchange for, or out of the proceeds of the substantially concurrent incurrence
        of, Indebtedness of such Person which is permitted to be Incurred pursuant
        to
        Section 6.01; provided,
        however,
        that
        such purchase, repurchase, redemption, defeasance or other acquisition or
        retirement for value shall be excluded in the calculation of the amount of
        Restricted Payments;

       

      (v)  dividends
        paid within 60 days after the date of declaration thereof if at such date
        of declaration such dividend would have complied with this covenant;
provided
        that at
        the time of payment of such dividend, no other Default shall have occurred
        and
        be continuing (or result therefrom); provided further,
        however,
        that
        such dividend shall be included in the calculation of the amount of Restricted
        Payments;

       

      (vi)  so
        long
        as no Default has occurred and is continuing, the purchase, redemption or
        other
        acquisition of shares of Equity Interests of the Parent from employees, former
        employees, directors or former directors of the Parent or any of its
        Subsidiaries (or permitted transferees of such employees, former employees,
        directors or former directors), pursuant to the terms of the agreements
        (including employment agreements) or plans (or amendments thereto) approved
        by
        the board of directors under which such individuals purchase or sell or are
        granted the option to purchase or sell, shares of such Equity Interests;
        provided
        that the
        aggregate amount of such Restricted Payments (excluding amounts representing
        cancelation of Indebtedness) shall not exceed $10,000,000 in any calendar
        year
        (with unused amounts carried over to the next two immediately succeeding
        calendar years, but not to exceed, in any calendar year, a total of
        $20,000,000); provided further
        that
        such Restricted Payments shall be excluded in the calculation of the amount
        of
        Restricted Payments; 

       

      (vii)  the
        declaration and payments of dividends on Disqualified Stock issued pursuant
        to
        Section 6.01; provided
        that, at
        the time of payment of such dividend, no Default shall have occurred and
        be
        continuing (or result therefrom); provided
        further,
        however,
        that
        such dividends shall be excluded in the calculation of the amount of Restricted
        Payments;

       

      (viii)  repurchases
        of Equity Interests deemed to occur upon exercise of stock options if such
        Equity Interest represents a portion of the exercise price of such options,
        or
        repurchases of Equity Interests deemed to occur upon a withholding of Equity
        Interests for taxes due in connection with the exercise, vesting or settlement
        of an option or other Equity Interest-based award; provided
        that
        such Restricted Payments shall be excluded in the calculation of the amount
        of
        Restricted Payments; 

       

      (ix)  cash
        payments in lieu of the issuance of fractional shares in connection with
        the
        exercise of warrants, options or other securities convertible into or
        exchangeable for Equity Interests of the Parent; provided
        that any
        such cash payment shall not be for the purpose of evading the limitation
        of the
        covenant described under this subheading (as determined in good faith by
        the
        board of directors); provided further
        that
        such payments shall be excluded in the calculation of the amount of Restricted
        Payments; 

       

      (x)  in
        the
        event of a Change in Control, and if no Default shall have occurred and be
        continuing, the payment, purchase, redemption, defeasance or other acquisition
        or retirement of Subordinated Obligations of the Borrower or any Guarantor,
        in
        each case, at a purchase price not greater than 101% of the principal amount
        of
        such Subordinated Obligations, plus any accrued and unpaid interest thereon;
        provided
        that
        prior to such payment, purchase, redemption, defeasance or other acquisition
        or
        retirement, the Borrower (or a third party to the extent permitted) has made
        an
        appropriate Change in Control Offer with respect to the Loans as a result
        of
        such Change in Control and has repaid all Lenders that validly accepted such
        Change in Control Offer; provided further
        that
        such payments, purchases, redemptions, defeasances or other acquisitions
        or
        retirements shall be included in the calculation of the amount of Restricted
        Payments; or

       

      (xi)  payments
        of intercompany subordinated Indebtedness owed to the Parent or a Subsidiary,
        the incurrence of which was permitted under this Agreement; provided
        that no
        Event of Default has occurred and is continuing or would otherwise result
        therefrom; provided further
        that
        such payments shall be excluded in the calculation of the amount of Restricted
        Payment.

       

      SECTION
        6.05.   Transactions
        with Affiliates.
        The
        Parent and the Borrower will not, and will not permit any of the other
        Subsidiaries to, sell, lease or otherwise transfer any property or assets
        to, or
        purchase, lease or otherwise acquire any property or assets from, or otherwise
        engage in any other transactions with, any of its Affiliates, except (a) at
        prices and on terms and conditions not less favorable to the Parent, the
        Borrower or such Subsidiary than could be obtained on an arm’s-length basis from
        unrelated third parties, (b) transactions between or among the Parent and
        its Subsidiaries not involving any other Affiliate, (c) advances to employees
        permitted by Section 6.04, (d) any Restricted Payment permitted by
        Section 6.04, (e) fees, compensation and other benefits paid to, and
        customary indemnity and reimbursement provided on behalf of, officers, directors
        and employees of any Loan Party in the ordinary course of business, (f) any
        employment agreement entered into by the Parent or any of the Subsidiaries
        in
        the ordinary course of business, (g) any Permitted Receivables Financing
        and (h)
        transactions and agreements in existence on the Existing Credit Agreement
        Effective Date and listed on Schedule 6.05 and, in each case, any amendment
        thereto that is not disadvantageous to the Lenders in any material
        respect.

       

      SECTION
        6.06.   Restrictive
        Agreements.
        The
        Parent will not permit any Subsidiary (other than a Receivables Subsidiary)
        that
        is not a Loan Party to, directly or indirectly, enter into, incur or permit
        to
        exist any agreement or other arrangement in respect of Indebtedness of such
        Subsidiary that is secured or that is Guaranteed by a Loan Party that prohibits,
        restricts or imposes any condition upon (a) the ability of such Subsidiary
        to create, incur or permit to exist any Lien upon any of its property or
        assets,
        or (b) the ability of such Subsidiary to pay dividends or other
        distributions with respect to any of its Equity Interests or to make or repay
        loans or advances to the Parent or any other Loan Party or to Guarantee
        Indebtedness of the Parent or any other Loan Party; provided,
        that
        (i) the foregoing shall not apply to restrictions and conditions imposed by
        law or this Agreement, (ii) the foregoing shall not apply to restrictions
        and conditions existing on the date hereof identified on Schedule 6.06 or
        to any
        extension or renewal thereof, or any amendment or modification thereto that
        does
        not materially expand the scope of any such restriction or condition,
        (iii) the foregoing shall not apply to customary restrictions and
        conditions contained in agreements relating to the sale of a Subsidiary pending
        such sale, provided such restrictions and conditions apply only to the
        Subsidiary that is to be sold and such sale is permitted hereunder,
        (iv) clause (a) of the foregoing shall not apply to restrictions or
        conditions imposed by any agreement relating to secured Indebtedness permitted
        by this Agreement if such restrictions or conditions apply only to the property
        or assets securing such Indebtedness, (v) the foregoing shall not apply to
        provisions limiting the disposition or distribution of assets or property
        or
        transfer of Equity Interests in joint venture agreements, asset sale agreements,
        sale-leaseback agreements, stock sale agreements, limited liability company
        organizational documents, and other similar agreements entered into in the
        ordinary course of business, which limitation is applicable only to the assets,
        property or Equity Interests that are the subject of such agreements, (vi)
        the
        foregoing shall not apply to any instrument governing Indebtedness or Equity
        Interests of a Person acquired by the Parent or any of its Subsidiaries as
        in
        effect at the time of such acquisition (except to the extent such Indebtedness
        or Equity Interests were incurred or issued in connection with or in
        contemplation of such acquisition), which encumbrance or restriction is not
        applicable to any Person, or the properties or assets of any Person, other
        than
        the Person, or the property or assets of the Person, so acquired; provided
        that,
        in
        the case of Indebtedness, such Indebtedness was permitted by the terms of
        this
        Agreement to be incurred, and (viii) clause (a) of the foregoing shall
        not apply to customary provisions in leases and other contracts restricting
        the
        assignment thereof.

       

      SECTION
        6.07.   Sales
        of Assets and Subsidiary Stock.
        The
        Parent and Borrower will not, and will not permit any Subsidiary to, directly
        or
        indirectly, consummate any Asset Disposition unless:

       

      (a)  the
        Parent or such Subsidiary receives consideration at the time of such Asset
        Disposition at least equal to the fair market value (including as to the
        value
        of all non-cash consideration), as determined in good faith by the Borrower’s
        board of directors, of the shares and assets subject to such Asset
        Disposition;

       

      (b)  the
        terms
        and conditions of such Asset Disposition were obtained through an arm’s-length
        negotiation; and

       

      (c)  at
        least
        75% of the consideration therefor received by the Parent or such Subsidiary
        is
        in the form of cash or Cash Equivalents; provided
        that for
        the purposes of this paragraph (c), the amount of (i) any liabilities (as
        shown
        on the Parent’s or the applicable Subsidiary’s most recent balance sheet (or in
        the notes thereto)) of the Parent or any Subsidiary (other than liabilities
        that
        by their terms are subordinated to the obligations with respect to the Loans)
        that are assumed by the transferee of any such assets and from which the
        Parent
        and any Subsidiary have been validly released by all creditors in writing
        and
        (ii) any securities received by the Parent or any Subsidiary from such
        transferee that are converted into cash (to the extent of the cash received)
        within 180 days following the closing of such Asset Disposition shall be
        deemed
        to be cash for the purposes of this Section 6.07. 

       

      ARTICLE
        VII 

       

       

      Events
        of Default

       

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

       

      (a)  the
        Borrower shall fail to pay any principal of any Loan when and as the same
        shall
        become due and payable, whether at the due date thereof or at a date fixed
        for
        prepayment thereof or otherwise, or shall fail to make an Asset Disposition
        Offer or Change in Control Offer when required to do so or shall fail to
        comply
        with its obligations in respect of any such Asset Disposition Offer or Change
        in
        Control Offer and such failure to make an Asset Disposition Offer or Change
        in
        Control Offer or comply with obligations in connection therewith shall continue
        unremedied for a period of three Business Days;

       

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

       

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

       

      (d)  the
        Parent or the Borrower shall fail to observe or perform any covenant, condition
        or agreement contained in clause (a) of Section 5.02 or in Section 5.03
        (with respect to the existence of the Parent or the Borrower) or 5.08 or
        in
        Article VI (other than Section 6.05);

       

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

       

      (f)  the
        Parent or any Subsidiary shall fail to make any payment of principal, interest
        or premium (regardless of amount) in respect of any Material Indebtedness
        when
        and as the same shall become due and payable, and such failure shall continue
        after the expiration of the grace period (if any) for such failure specified
        in
        the agreement or instrument governing such Indebtedness;

       

      (g)  the
        Parent or any Subsidiary shall fail to observe or perform any term, covenant,
        condition or agreement contained in any agreement or instrument evidencing
        or
        governing any Material Indebtedness, if such failure results in any Material
        Indebtedness becoming due prior to its scheduled maturity; provided
        that
        this clause (g) shall not apply to secured Indebtedness that becomes due as
        a result of the voluntary sale or transfer of the property or assets securing
        such Indebtedness;

       

      (h)  an
        involuntary proceeding shall be commenced or an involuntary petition shall
        be
        filed in a court of competent jurisdiction seeking (i) liquidation,
        reorganization or other relief in respect of the Parent or any Subsidiary
        (other
        than an Excluded Subsidiary) or its debts, or of a substantial part of its
        assets, under any Federal, state or foreign bankruptcy, insolvency, receivership
        or similar law now or hereafter in effect or (ii) the appointment of a
        receiver, trustee, custodian, sequestrator, conservator or similar official
        for
        the Parent or any Subsidiary (other than an Excluded Subsidiary) or for a
        substantial part of its assets, and, in any such case, such proceeding or
        petition shall continue undismissed for 60 days or an order or decree
        approving or ordering any of the foregoing shall be entered;

       

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

       

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

       

      (k)  one
        or
        more judgments for the payment of money in an aggregate amount in excess
        of
        $35,000,000 (to the extent such amount is not either (i) covered by
        insurance and the applicable insurer has acknowledged liability or has been
        notified and is not disputing coverage or (ii) required to be indemnified
        by
        another Person that is reasonably likely to be able to satisfy its indemnity
        obligation (other than the Parent or a Subsidiary) and such Person has
        acknowledged such obligation or has been notified and is not disputing such
        obligation) shall be rendered against the Parent, any Subsidiary or any
        combination thereof and the same shall remain undischarged and unsatisfied
        for a
        period of 30 consecutive days during which execution shall not be
        effectively stayed, or any action shall be legally taken by a judgment creditor
        to attach or levy upon any assets of the Parent or any Subsidiary to enforce
        any
        such judgment; or

       

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

       

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

       

      ARTICLE
        VIII  

       

       

      The
        Administrative Agent

       

      Each
        of
        the Lenders hereby irrevocably appoints the Administrative Agent as its agent
        and authorizes the Administrative Agent to take such actions on its behalf
        and
        to exercise such powers as are delegated to the Administrative Agent by the
        terms of the Loan Documents, together with such actions and powers as are
        reasonably incidental thereto.

       

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

       

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

       

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

       

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

       

      Subject
        to the appointment and acceptance of a successor Administrative Agent as
        provided in this paragraph, the Administrative Agent may resign at any time
        by
        notifying the Lenders and the Borrower. Upon any such resignation, the Required
        Lenders shall have the right, in consultation with the Borrower, to appoint
        a
        successor. If no successor shall have been so appointed by the Required Lenders
        and shall have accepted such appointment within 30 days after the retiring
        Administrative Agent gives notice of its resignation, then the retiring
        Administrative Agent may, on behalf of the Lenders, appoint a successor
        Administrative Agent which shall be a bank with an office in New York,
        New York, and having a combined capital and surplus of at least
        $500,000,000. Upon the acceptance of its appointment as Administrative Agent
        hereunder by a successor, such successor shall succeed to and become vested
        with
        all the rights, powers, privileges and duties of the retiring Administrative
        Agent, and the retiring Administrative Agent shall be discharged from its
        duties
        and obligations hereunder. The fees payable by the Borrower to a successor
        Administrative Agent shall be the same as those payable to its predecessor
        unless otherwise agreed between the Borrower and such successor. After the
        Administrative Agent’s resignation hereunder, the provisions of this Article and
        Section 9.03 shall continue in effect for the benefit of such retiring
        Administrative Agent, its sub-agents and their respective Related Parties
        in
        respect of any actions taken or omitted to be taken by any of them while
        it was
        acting as Administrative Agent.

       

      Each
        Lender acknowledges that it has, independently and without reliance upon
        the
        Administrative Agent or any other Lender and based on such documents and
        information as it has deemed appropriate, made its own credit analysis and
        decision to enter into this Agreement. Each Lender also acknowledges that
        it
        will, independently and without reliance upon the Administrative Agent or
        any
        other Lender and based on such documents and information as it shall from
        time
        to time deem appropriate, continue to make its own decisions in taking or
        not
        taking action under or based upon this Agreement, the Guarantee Agreement,
        any
        related agreement or any document furnished hereunder or
        thereunder.

       

      The
        parties hereto acknowledge that the Arrangers (in their capacity as such)
        do not
        have any duties or responsibilities under any of the Loan Documents and will
        not
        be subject to liability thereunder to any of the Loan Parties for any
        reason.

       

      ARTICLE
        IX 

       

       

      Miscellaneous

       

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

       

      (i)  if
        to the
        Parent or the Borrower, to it at One Dauch Drive, Detroit, Michigan 48211,
        Attention of the Chief Financial Officer (Telecopy No. 313-758-4238) with a
        copy to the Treasurer (Telecopy No. 313-758-3936) and the General Counsel
        (Telecopy No. 313-758-3897);

       

      (ii)  if
        to the
        Administrative Agent, to JPMorgan Chase Bank, N.A., Loan and Agency Services
        Group, 1111 Fannin - 10th
        Floor,
        Houston, TX 77002, Attention of Clifford Trappani (Telecopy No.
        713-750-2938), with a copy to JPMorgan Chase Bank, N.A., 270 Park Avenue
        -
        4th
        Floor,
        NY 10017, Attention of Richard Duker (Telecopy No. 212-270-5127);
        and

       

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

       

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

       

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

       

      SECTION
        9.02.   Waivers;
        Amendments. (a)
          No
        failure or delay by the Administrative Agent or any Lender in exercising
        any
        right or power hereunder or under any other Loan Document shall operate as
        a
        waiver thereof, nor shall any single or partial exercise of any such right
        or
        power, or any abandonment or discontinuance of steps to enforce such a right
        or
        power, preclude any other or further exercise thereof or the exercise of
        any
        other right or power. The rights and remedies of the Administrative Agent
        and
        the Lenders hereunder are cumulative and are not exclusive of any rights
        or
        remedies that they would otherwise have. No waiver of any provision of any
        Loan
        Document or consent to any departure by any Loan Party therefrom shall in
        any
        event be effective unless the same shall be permitted by paragraph (b) of
        this Section, and then such waiver or consent shall be effective only in
        the
        specific instance and for the purpose for which given. Without limiting the
        generality of the foregoing, the making of a Loan shall not be construed
        as a
        waiver of any Default, regardless of whether the Administrative Agent or
        any
        Lender may have had notice or knowledge of such Default at the
        time.

       

      (b)
          Neither
        this Agreement nor any other Loan Document nor any provision hereof or thereof
        may be waived, amended or modified except, in the case of this Agreement,
        pursuant to an agreement or agreements in writing entered into by the Parent,
        the Borrower and the Required Lenders or by the Parent, the Borrower and
        the
        Administrative Agent with the consent of the Required Lenders or, in the
        case of
        any other Loan Document, pursuant to an agreement or agreements in writing
        entered into by the Administrative Agent and each Loan Party that is a party
        thereto with the consent of the Required Lenders; provided
        that no
        such agreement shall (i) increase the Commitment of any Lender without the
        written consent of such Lender, (ii) reduce the principal amount of any
        Loan or reduce the rate of interest thereon, or reduce any fees (including
        prepayment fees) payable hereunder, without the written consent of each Lender
        affected thereby, (iii) postpone the scheduled date of payment of the
        principal amount of any Loan, or any interest thereon, or any fees (including
        prepayment fees) payable hereunder, or reduce the amount of, waive or excuse
        any
        such payment, or postpone the scheduled date of expiration of any Commitment,
        without the written consent of each Lender affected thereby, (iv) change
        Section 2.14(b) or (c) in a manner that would alter the pro rata sharing
        of
        payments required thereby, without the written consent of each Lender,
        (v) change any of the provisions of this Section or the definition of
“Required Lenders” or any other provision hereof specifying the number or
        percentage of Lenders required to waive, amend or modify any rights hereunder
        or
        make any determination or grant any consent hereunder, without the written
        consent of each Lender or (vi) release the Parent or any Material
        Subsidiary from its Guarantee under the Guarantee Agreement, or limit its
        liability in respect of such Guarantee, without the written consent of each
        Lender; provided further,
        that no
        such agreement shall amend, modify or otherwise affect the rights or duties
        of
        the Administrative Agent hereunder without the prior written consent of the
        Administrative Agent.

       

      SECTION
        9.03.   Expenses;
        Indemnity; Damage Waiver. (a)
          The
        Borrower shall pay (i) all reasonable and documented out-of-pocket expenses
        incurred by the Administrative Agent and its Affiliates, including the
        reasonable fees, charges and disbursements of a single counsel for the
        Administrative Agent, in connection with the syndication of the credit
        facilities provided for herein, the preparation and administration of the
        Loan
        Documents or any amendments, modifications or waivers of the provisions thereof
        (whether or not the transactions contemplated hereby or thereby shall be
        consummated) and (ii) all reasonable and documented out-of-pocket expenses
        incurred by the Administrative Agent or any Lender, including the fees, charges
        and disbursements of any counsel for the Administrative Agent or any Lender,
        in
        connection with the enforcement or protection of its rights in connection
        with
        the Loan Documents, including its rights under this Section, or in connection
        with the Loans made hereunder, including all such out-of-pocket expenses
        incurred during any workout, restructuring or negotiations in respect of
        such
        Loans.

       

      (b)
          The
        Borrower shall indemnify the Administrative Agent and each Lender, and each
        Related Party of any of the foregoing Persons (each such Person being called
        an
“Indemnitee”)
        against, and hold each Indemnitee harmless from, any and all losses, claims,
        damages, liabilities and related expenses, including the reasonable fees,
        charges and disbursements of any counsel for any Indemnitee, incurred by
        or
        asserted against any Indemnitee arising out of, in connection with, or as
        a
        result of (i) the execution or delivery of the Loan Documents or any
        agreement or instrument contemplated hereby or thereby, the performance by
        the
        parties hereto of their respective obligations hereunder or thereunder or
        the
        consummation of the Transactions or any other transactions contemplated hereby
        or thereby, (ii) any Loan or the 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 Parent or any of the Subsidiaries,
        or any Environmental Liability related in any way to the Parent or any of
        the
        Subsidiaries, or (iv) any actual or prospective claim, litigation,
        investigation or proceeding relating to any of the foregoing, whether based
        on
        contract, tort or any other theory and regardless of whether any Indemnitee
        is a
        party thereto; provided
        that
        such indemnity shall not, as to any Indemnitee, be available to the extent
        that
        such losses, claims, damages, liabilities or related expenses are determined
        by
        a court of competent jurisdiction by final and nonappealable judgment to
        have
        resulted from the gross negligence or wilful misconduct of such Indemnitee
        or
        any of its directors, trustees, officers or employees.

       

      (c)
          To
        the
        extent that the Borrower fails to pay any amount required to be paid by it
        to
        the Administrative Agent under paragraph (a) or (b) of this Section, each
        Lender
        severally agrees (but without limiting the obligation of the Borrower to
        pay
        such amount) to pay to the Administrative Agent 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 the
        Administrative Agent in its capacity as such.

       

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

       

      (e)
          All
        amounts due under this Section shall be payable promptly after written demand
        therefor.

       

      SECTION
        9.04.   Successors
        and Assigns. (a)
        The
        provisions of this Agreement shall be binding upon and inure to the benefit
        of
        the parties hereto and their respective successors and assigns permitted
        hereby,
        except that (i) the Borrower may not assign or otherwise transfer any of
        its rights or obligations hereunder without the prior written consent of
        each
        Lender (and any attempted assignment or transfer by the Borrower without
        such
        consent shall be null and void) and (ii) no Lender may assign or otherwise
        transfer its rights or obligations hereunder except in accordance with this
        Section. 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
        paragraph (c) of this Section) and, to the extent expressly contemplated
        hereby,
        the Related Parties of each of the Administrative Agent and the Lenders)
        any
        legal or equitable right, remedy or claim under or by reason of this
        Agreement.

       

      (b)
          (i)
        Subject to the conditions set forth in paragraph (b)(ii) below, any Lender
        may
        assign to one or more assignees all or a portion of its rights and obligations
        under this Agreement (including all or a portion of its Commitment and the
        Loans
        at the time owing to it) with the prior written consent (such consent not
        to be
        unreasonably withheld) of:

       

      	(A)  	
              the
                Borrower; provided
                that no consent of the Borrower shall be required for an assignment
                to a
                Lender, an Affiliate of a Lender, an Approved Fund or, if an Event
                of
                Default under clause (a), (b), (h) or (i) of Article VII has
                occurred and is continuing, any other assignee;
                and

            

       

      	(B)  	
              the
                Administrative Agent.

            

       

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

       

      	(A)  	
              except
                in the case of an assignment to a Lender or an Affiliate of a Lender
                or an
                assignment of the entire remaining amount of the assigning Lender’s
                Commitment or outstanding Loans, the amount of the Commitment or
                outstanding Loans of the assigning Lender subject to each such assignment
                (determined as of the date the Assignment and Assumption with respect
                to
                such assignment is delivered to the Administrative Agent) shall not
                be
                less than $1,000,000 unless each of the Borrower and the Administrative
                Agent otherwise consent; provided
                that no such consent of the Borrower shall be required if an Event
                of
                Default under clause (a), (b), (h) or (i) of Article VII has occurred
                and is continuing;

            

       

      	(B)  	
              each
                partial assignment shall be made as an assignment of a proportionate
                part
                of all the assigning Lender’s rights and obligations under this
                Agreement;

            

       

      	(C)  	
              the
                parties to each assignment shall execute and deliver to the Administrative
                Agent (and, in the case of an assignment requiring the consent of
                the
                Borrower pursuant to subparagraph (b)(i)(A) of this Section 9.04,
                the
                Borrower) an Assignment and Assumption, and shall pay to the
                Administrative Agent a processing and recordation fee of $3,500;
                

            

       

      	(D)  	
              the
                Administrative Agent shall notify the Borrower of each assignment
                of which
                the Administrative Agent becomes aware; provided
                that the failure of the Administrative Agent to provide such notice
                shall
                in no way affect any of the rights or obligations of the Administrative
                Agent under this Agreement or otherwise subject the Administrative
                Agent
                to any liability; and

            

       

      	(E)  	
              the
                assignee, if it shall not be a Lender, shall deliver to the Administrative
                Agent an Administrative Questionnaire.

            

       

      For
        purposes of this Section 9.04(b), the term “Approved Fund” has the following
        meaning:

       

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

       

      (iii)
          Subject
        to acceptance and recording thereof pursuant to paragraph (b)(iv) of this
        Section, from and after the effective date specified in each Assignment and
        Assumption the assignee thereunder shall be a party hereto and, to the extent
        of
        the interest assigned by such Assignment and Assumption, have the rights
        and
        obligations of a Lender under this Agreement, and the assigning Lender
        thereunder shall, to the extent of the interest assigned by such Assignment
        and
        Assumption, be released from its obligations under this Agreement (and, in
        the
        case of an Assignment and Assumption covering all of the assigning Lender’s
        rights and obligations under this Agreement, such Lender shall cease to be
        a
        party hereto but shall continue to be entitled to the benefits of
        Sections 2.11, 2.12, 2.13 and 9.03). Any assignment or transfer by a Lender
        of rights or obligations under this Agreement that does not comply with this
        Section 9.04 shall be treated for purposes of this Agreement as a sale by
        such
        Lender of a participation in such rights and obligations in accordance with
        paragraph (c) of this Section.

       

      (iv)
          The
        Administrative Agent, acting for this purpose as an agent of the Borrower,
        shall
        maintain at one of its offices a copy of each Assignment and Assumption
        delivered to it and a register for the recordation of the names and addresses
        of
        the Lenders, and the Commitment of, and principal amount of the Loans 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 Parent, the Borrower,
        the
        Administrative Agent 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 Parent, the Borrower, any
        Lender and their respective representatives (including counsel and accountants),
        at any reasonable time and from time to time upon reasonable prior
        notice.

       

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

       

      (c)
          Any
        Lender may, without the consent of the Borrower or the Administrative Agent,
        sell participations to one or more banks or other entities (a “Participant”)
        in all
        or a portion of such Lender’s rights and obligations under this Agreement
        (including all or a portion of its Commitment and the Loans owing to it);
        provided
        that
        (A) such Lender’s obligations under this Agreement shall remain unchanged,
        (B) such Lender shall remain solely responsible to the other parties hereto
        for the performance of such obligations, (C) such Lender shall deliver to
        the
        Administrative Agent and the Borrower (in such number of copies as shall
        be
        requested by the recipient) duly signed completed copies of Internal Revenue
        Service Form W-8IMY (or any successor thereto), together with any information
        statements of exemption required under the Code for each Participant and
        (D) the Loan Parties, the Administrative Agent and the other Lenders shall
        continue to deal solely and directly with such Lender in connection with
        such
        Lender’s rights and obligations under this Agreement. 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

       

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

       

      SECTION
        9.05.   Survival.
        All
        covenants, agreements, representations and warranties made by the Parent
        and
        Borrower herein and in the certificates or other instruments delivered in
        connection with or pursuant to this Agreement shall be considered to have
        been
        relied upon by the other parties hereto and shall survive the execution and
        delivery of this Agreement and the making of any Loans, regardless of any
        investigation made by any such other party or on its behalf and notwithstanding
        that the Administrative Agent or any Lender may have had notice or knowledge
        of
        any Default or incorrect representation or warranty at the time any credit
        is
        extended hereunder, and shall continue in full force and effect as long as
        the
        principal of or any accrued interest on any Loan or any fee or any other
        amount
        payable under this Agreement is outstanding and unpaid and so long as the
        Commitments have not expired or terminated. The provisions of Sections 2.11,
        2.12, 2.13 and 9.03 and Article VIII shall survive and remain in full force
        and
        effect regardless of the consummation of the transactions contemplated hereby,
        the repayment of the Loans, the expiration or termination of the Letters
        of
        Credit and the Commitments or the termination of this Agreement or any provision
        hereof.

       

      SECTION
        9.06.   Counterparts;
        Integration; Effectiveness.
        This
        Agreement may be executed in counterparts (and by different parties hereto
        on
        different counterparts), each of which shall constitute an original, but
        all of
        which when taken together shall constitute a single contract. This Agreement,
        the Guarantee Agreement and any separate letter agreements with respect to
        fees
        payable to the Administrative Agent 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 Article IV, this Agreement shall become effective
        when it shall have been executed by the Administrative Agent and when the
        Administrative Agent shall have received counterparts hereof which, when
        taken
        together, bear the signatures of each of the other parties hereto, and
        thereafter shall be binding upon and inure to the benefit of the parties
        hereto
        and their respective successors and assigns. Delivery of an executed counterpart
        of a signature page of this Agreement by telecopy shall be effective as delivery
        of a manually executed counterpart of this Agreement.

       

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

       

      SECTION
        9.08.   Right
        of Setoff.
        Upon the
        occurrence and during the continuance of an Event of Default, and provided
        that
        the Loans shall have become or shall have been declared due and payable pursuant
        to the provisions of Article VII, each Lender is hereby authorized at any
        time and from time to time, to the fullest extent permitted by law, to set
        off
        and apply any and all deposits (general or special, time or demand, provisional
        or final) at any time held and other obligations at any time owing by such
        Lender to or for the credit or the account of the Parent or the Borrower
        against
        any of and all the obligations of the Borrower now or hereafter existing
        under
        this Agreement held by such Lender, irrespective of whether or not such Lender
        shall have made any demand under this Agreement and although such obligations
        may be unmatured. Any such deposits and obligations may be combined in such
        setoff and application, regardless of the currency in which such deposits
        and
        obligations are denominated. Each Lender agrees to promptly notify the Parent
        and the Borrower after any such set-off and application; provided,
        that
        the failure of any Lender to so notify the Parent and the Borrower shall
        not
        affect the validity of any such set-off and application. The rights of each
        Lender under this Section are in addition to other rights and remedies
        (including other rights of setoff) which such Lender may have.

       

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

       

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

       

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

       

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

       

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

       

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

       

      SECTION
        9.12.   Confidentiality.
        Each of
        the Administrative Agent and the Lenders agrees to maintain the confidentiality
        of the Information (as defined below), except that Information may be disclosed
        (a) to its and its Affiliates’ directors, officers, employees and agents,
        including accountants, legal counsel and other advisors (it being understood
        that the Persons to whom such disclosure is made will be informed of the
        confidential nature of such Information and instructed to keep such Information
        confidential), (b) to the extent requested by any regulatory authority,
        (c) to the extent required by applicable laws or regulations or by any
        subpoena or similar legal process, (d) to any other party to this Agreement,
        (e) in connection with the exercise of any remedies hereunder or any suit,
        action or proceeding relating to this Agreement or the enforcement of rights
        hereunder, (f) subject to an agreement containing provisions substantially
        the same as those of this Section, to (i) any assignee of or Participant
        in, or any prospective assignee of or Participant in, any of its rights or
        obligations under this Agreement or (ii) any actual or prospective
        counterparty (or its advisors) to any swap or derivative transaction relating
        to
        the Borrower and its obligations, (g) with the consent of the Parent or the
        Borrower or (h) to the extent such Information (i) becomes publicly
        available other than as a result of a breach of this Section or
        (ii) becomes available to the Administrative Agent or any Lender on a
        nonconfidential basis from a source other than the Parent or the Borrower.
        For
        the purposes of this Section, “Information”
means
        all information received from the Parent or the Borrower relating to the
        Parent
        or the Borrower or their respective businesses, other than any such information
        that is available to the Administrative Agent or any Lender on a nonconfidential
        basis prior to disclosure by the Parent or the Borrower. Any Person required
        to
        maintain the confidentiality of Information as provided in this Section shall
        be
        considered to have complied with its obligation to do so if such Person has
        exercised the same degree of care to maintain the confidentiality of such
        Information as such Person would accord to its own confidential information.
        

       

      Each
        Lender acknowledges that Information as defined in Section 9.12(a) furnished
        to
        it pursuant to this Agreement may include material non-public information
        concerning the Parent, the Borrower and their Related Parties or their
        respective securities, and confirms that it has developed compliance procedures
        regarding the use of material non-public information and that it will handle
        such material non-public information in accordance with those procedures
        and
        applicable law, including Federal and state securities laws.

      

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

      

      SECTION
        9.13.   Interest
        Rate Limitation.
        Notwithstanding anything herein to the contrary, if at any time the interest
        rate applicable to any Loan, together with all fees, charges and other amounts
        which are treated as interest on such Loan under applicable law (collectively
        the “Charges”),
        shall
        exceed the maximum lawful rate (the “Maximum
        Rate”)
        which
        may be contracted for, charged, taken, received or reserved by the Lender
        holding such Loan in accordance with applicable law, the rate of interest
        payable in respect of such Loan hereunder, together with all Charges payable
        in
        respect thereof, shall be limited to the Maximum Rate and, to the extent
        lawful,
        such excess amount shall be paid to such Lender on subsequent payment dates
        to
        the extent not exceeding the Maximum Rate.

       

      
        
          
            

            

             

          

          
          

        

        
          
          

          
            

          

        

        
          
          

          
          

        

      

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

       

      
        	
                AMERICAN
                  AXLE & MANUFACTURING, INC.

                 

              
	
                by

              
	 	 /s/
                Shannon J. Curry
	 	
                Name:
                  Shannon J. Curry

              
	 	
                Title:
                  Treasurer

              

      

      

      
        	
                AMERICAN
                  AXLE & MANUFACTURING HOLDINGS, INC.

                 

              
	
                by

              
	 	 /s/
                Shannon J. Curry        
	 	
                Name:
                  Shannon J. Curry

              
	 	
                Title:
                  Treasurer

              

      

      

      
        	
                JPMORGAN
                  CHASE BANK, N.A., individually and as Administrative Agent

                 

              
	
                by

              
	 	 /s/
                Richard W. Duker
	 	
                Name:
                  Richard W. Duker    

              
	 	
                Title:
                  Managing Director

              

      

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

     

     

    
 

    
      INCREMENTAL
        TERM LOAN AMENDMENT AGREEMENT dated as of August 9, 2006, among AMERICAN
        AXLE & MANUFACTURING, INC. (the “Borrower”),
        AMERICAN AXLE & MANUFACTURING HOLDINGS, INC. (the “Parent”),
        the
        lenders party hereto, and JPMORGAN CHASE BANK, N.A., as Administrative Agent
        under the Credit Agreement dated as of June 28, 2006 (as amended and in effect
        on the date hereof, the “Existing
        Credit Agreement”),
        among
        the Borrower, the Parent, the lenders referred to therein, the Administrative
        Agent and Bank of America, N.A., as Syndication Agent.

       

      WHEREAS
        the Borrower has requested, and the Administrative Agent has agreed, upon
        the
        terms and subject to the conditions set forth herein, that the Existing Credit
        Agreement be amended as provided herein in order to give effect to the making
        of
        Incremental Term Loans pursuant to Section 2.16 of the Existing Credit
        Agreement;

       

      NOW,
        THEREFORE, the Borrower, the Parent, the lenders party hereto and the
        Administrative Agent hereby agree as follows:

       

      SECTION
        1.   Defined
        Terms.
        Capitalized terms used but not defined herein shall have the meanings assigned
        to such terms in the Amended Credit Agreement referred to below.

       

      SECTION
        2.   Amendment
        Effective Date. (a)
        The
        transactions provided for in Sections 3 and 4 hereof shall be consummated
        at a closing to be held on the Amendment Effective Date at the offices of
        Cravath, Swaine & Moore LLP, or at such other time and place as
        the Borrower and the Administrative Agent shall agree upon.

       

      (b)
          The
        “Amendment
        Effective Date”
shall
        be a date specified by the Borrower as of which all the conditions set forth
        or
        referred to in Section 5 hereof shall have been satisfied. This Agreement
        shall terminate at 5:00 p.m., New York City time, on September 30,
        2006, if the Amendment Effective Date shall not have occurred at or prior
        to
        such time.

       

      SECTION
        3.   Incremental
        Term Loans.
        Subject
        to the terms and conditions set forth herein, each Lender listed on the
        signature pages hereto agrees to make an Incremental Term Loan to the Borrower
        on the Amendment Effective Date in a principal amount equal to the amount
        of its
        commitment (such commitment, the “Incremental
        Term Loan Commitment”)
        set
        forth for such Lender on Schedule 1 hereto. The provisions of Sections 2.02
        and 2.03 of the Amended Credit Agreement shall apply for all purposes of
        making
        the Incremental Term Loans, except as otherwise provided herein.

       

      SECTION
        4.   Amendment
        of the Existing Credit Agreement.
        Effective upon the Amendment Effective Date, the Existing Credit Agreement
        (excluding the annexes, schedules and exhibits thereto that are not attached
        as
        part of Exhibit A hereto) is hereby amended and restated to read in its
        entirety as set forth in Exhibit A hereto (the “Amended
        Credit Agreement”),
        and
        the Administrative Agent is hereby directed by the Lenders listed on Schedule
        1
        to enter into such amendments to the Loan Documents and to take such other
        actions as may be required to give effect to the transactions contemplated
        hereby. From and after the effectiveness of such amendment and restatement,
        the
        terms “Agreement”, “this Agreement”, “herein”, “hereinafter”, “hereto”, “hereof”
and words of similar import, as used in the Amended Credit Agreement, shall,
        unless the context otherwise requires, refer to the Existing Credit Agreement
        as
        amended and restated in the form of the Amended Credit Agreement, and the
        term
“Credit Agreement”, as used in the other Loan Documents, shall mean the Amended
        Credit Agreement.

       

      SECTION
        5.   Conditions.
        The
        consummation of the transactions set forth in Sections 3 and 4 of this
        Agreement shall be subject to the satisfaction (or waiver in accordance with
        Section 6 below) of the following conditions precedent:

       

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

       

      (b)
        The
        Administrative Agent shall have received a favorable written opinion (addressed
        to the Administrative Agent and the Lenders listed on Schedule 1 and dated
        the
        Amendment Effective Date) of Shearman & Sterling LLP, counsel to the Loan
        Parties, substantially in the form of Exhibit B-1, and covering such other
        matters relating to the Loan Parties, the Loan Documents or the Amendment
        Transactions as the Lenders listed on Schedule 1 shall reasonably request.
        The
        Parent and the Borrower hereby request such counsel to deliver such
        opinion.

       

      (c)
        The
        Administrative Agent shall have received such documents and certificates
        as the
        Administrative Agent or its counsel may reasonably request relating to (i)
        the
        organization, existence and good standing of the Loan Parties and the
        authorization of the Amendment Transactions, all in form and substance
        satisfactory to the Administrative Agent and its counsel and (ii) confirmation
        by the Guarantors that the Guarantee Agreement remains in effect.

       

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

       

      (e)
        At
        the time of and immediately after giving effect to the making of the Incremental
        Term Loans hereunder, the representations and warranties of the Loan Parties
        set
        forth in the Loan Documents shall be true and correct in all material
        respects.

       

      (f)
        At
        the time of and immediately after giving effect to the making of the Incremental
        Term Loans hereunder, no Default shall have occurred and be
        continuing.

       

      (g)
        The
        Administrative Agent shall have received a notice of borrowing from the Borrower
        with respect to the borrowing of Incremental Term Loans hereunder on the
        Amendment Effective Date, which notice (i) shall be delivered not later
        than 12:00 noon, New York City time, three Business Days before the
        Amendment Effective Date, if any Eurodollar Borrowing is to be made on the
        Amendment Effective Date, or, otherwise, not later than 5:00 p.m., New York
        City time, one Business Day before the Amendment Effective Date, (ii) shall
        specify the aggregate amount of such requested Borrowing, the Type of such
        Borrowing and, in the case of any Eurodollar Borrowing, the initial Interest
        Period to be applicable thereto and (iii) the location and number of the
        Borrower’s account to which funds are to be disbursed.

       

      The
        Administrative Agent shall notify the Borrower and the Lenders of the Amendment
        Effective Date, and such notice shall be conclusive and binding. Notwithstanding
        the foregoing, the consummation of the transactions set forth in Sections
        3 and
        4 of this Agreement shall not become effective unless each of the foregoing
        conditions is satisfied (or waived pursuant to Section 6 below) at or prior
        to
        5:00 pm, New York City time, on September 30, 2006 (and, in the event such
        conditions are not so satisfied or waived, the Existing Credit Agreement
        shall
        remain in effect without giving effect to any provisions of this
        Agreement).

       

      SECTION
        6.   Effectiveness;
        Counterparts; Amendments.
        (a)  This Agreement shall become effective when copies hereof which,
        when taken together, bear the signatures of the Borrower, the Administrative
        Agent and the Lenders party hereto, shall have been received by the
        Administrative Agent. This Agreement may not be amended nor may any provision
        hereof be waived except pursuant to a writing signed by the Borrower, and
        the
        Administrative Agent. This Agreement may be executed in two or more
        counterparts, each of which shall constitute an original but all of which
        when
        taken together shall constitute a single contract. Delivery of an executed
        counterpart of a signature page of this Agreement by telecopy or other
        electronic transmission shall be effective as delivery of a manually executed
        counterpart of this Agreement.

       

      SECTION
        7.   No
        Novation.
        This
        Agreement shall not extinguish the Indebtedness outstanding under the Existing
        Credit Agreement. Nothing herein contained shall be construed as a substitution
        or novation of the Indebtedness outstanding under the Existing Credit Agreement,
        which shall remain outstanding after the Amendment Effective Date as modified
        hereby. Notwithstanding any provision of this Agreement, the provisions of
        Sections 2.11, 2.12, 2.13 and 9.03 of the Amended Credit Agreement will
        continue to be effective as to all matters arising out of or in any way related
        to facts or events existing or occurring prior to the Amendment Effective
        Date
        but only to the extent expressly set forth therein.

       

      SECTION
        8.   Notices.
        All
        notices hereunder shall be given in accordance with the provisions of
        Section 9.01 of the Amended Credit Agreement.

       

      SECTION
        9.   Applicable
        Law; Waiver of Jury Trial. (A)  THIS
        AGREEMENT SHALL BE CONSTRUED IN ACCORDANCE WITH AND GOVERNED BY THE LAWS
        OF THE
        STATE OF NEW YORK.

       

      (B)
        EACH PARTY HERETO HEREBY AGREES AS SET FORTH IN SECTION 9.10 OF THE AMENDED
        CREDIT AGREEMENT AS IF SUCH SECTION WERE SET FORTH IN FULL HEREIN EXCEPT
        THAT
        THE TERM “AGREEMENT” THEREIN SHALL BE DEEMED TO REFER TO THIS
        AGREEMENT.

       

      SECTION
        10.   Affirmation
        of Guarantor.
        The
        Parent hereby consents to the Amended Credit Agreement, and hereby confirms
        and
        agrees that the obligations of the Parent contained in the Guarantee Agreement
        and in any other Loan Documents to which it is a party are, and shall remain,
        in
        full force and effect and are hereby ratified and confirmed in all
        respects.

       

      

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

       

      
        	
                AMERICAN
                  AXLE & MANUFACTURING, INC.

                 

              
	
                by

              
	 	 /s/
                Shannon J. Curry
	 	
                Name:
                  Shannon J. Curry

              
	 	
                Title:
                  Treasurer

              

      

      

      
        	
                AMERICAN
                  AXLE & MANUFACTURING HOLDINGS, INC.

                 

              
	
                by

              
	 	 /s/
                Shannon J. Curry
	 	
                Name:
                  Shannon J. Curry

              
	 	
                Title:
                  Treasurer

              

      

      

      
        	
                JPMORGAN
                  CHASE BANK, N.A., individually and as Administrative Agent

                 

              
	
                by

              
	 	 /s/
                Richard W. Duker
	 	
                Name:
                  Richard W. Duker

              
	 	
                Title:
                  Managing Director

              

      

      

      
        	
                JPMORGAN
                  CHASE BANK, N.A., as Lender

                 

              
	
                by

              
	 	 /s/
                Richard W. Duker
	 	
                Name:
                  Richard W. Duker

              
	 	
                Title:
                  Managing Director

              

      

      

       

      
        
          
            

             

          

          
          

        

        
          
          

          
            

          

        

        
          
          

          
          

        

      

      SCHEDULES
        AND EXHIBITS

       

      Schedules

       

      Schedule
        1 ― Incremental
        Term Loan Commitments

       

      

       

      Exhibits

       

      Exhibit
        A ― Amended
        Credit Agreement

       

      Exhibit
        B-1 ― Form
        of
        Opinion of Shearman & Sterling LLP

      
        
          
            
              

               

            

            
            

          

          
            
            

            
              

            

          

          
            
            

            
            

          

        

      

      

        ASSIGNMENT
          AND ASSUMPTION

         

        This
          Assignment and Assumption (the “Assignment
          and Assumption”)
          is
          dated as of the Effective Date set forth below and is entered into by and
          between [Insert name of Assignor] (the “Assignor”)
          and
          [Insert name of Assignee] (the “Assignee”).
          Capitalized terms used but not defined herein shall have the meanings given
          to
          them in the Credit Agreement identified below (as amended, the “Credit
          Agreement”),
          receipt of a copy of which is hereby acknowledged by the Assignee. The
          Standard
          Terms and Conditions set forth in Annex 1 attached hereto are hereby agreed
          to
          and incorporated herein by reference and made a part of this Assignment
          and
          Assumption as if set forth herein in full.

         

        For
          an
          agreed consideration, the Assignor hereby irrevocably sells and assigns
          to the
          Assignee, and the Assignee hereby irrevocably purchases and assumes from
          the
          Assignor, subject to and in accordance with the Standard Terms and Conditions
          and the Credit Agreement, as of the Effective Date inserted by the
          Administrative Agent as contemplated below (i) all of the Assignor’s rights
          and obligations in its capacity as a Lender under the Credit Agreement
          and any
          other documents or instruments delivered pursuant thereto to the extent
          related
          to the amount and percentage interest identified below of all of such
          outstanding rights and obligations of the Assignor under the credit facility
          identified below (including any guarantees included in such facility) and
          (ii) to the extent permitted to be assigned under applicable law, all
          claims, suits, causes of action and any other right of the Assignor (in
          its
          capacity as a Lender) against any Person, whether known or unknown, arising
          under or in connection with the Credit Agreement, any other documents or
          instruments delivered pursuant thereto or the loan transactions governed
          thereby
          or in any way based on or related to any of the foregoing, including contract
          claims, tort claims, malpractice claims, statutory claims and all other
          claims
          at law or in equity related to the rights and obligations sold and assigned
          pursuant to clause (i) above (the rights and obligations sold and assigned
          pursuant to clauses (i) and (ii) above being referred to herein
          collectively as the “Assigned
          Interest”).
          Such
          sale and assignment is without recourse to the Assignor and, except as
          expressly
          provided in this Assignment and Assumption, without representation or warranty
          by the Assignor.

         

        1.    Assignor:
          

         

        2.    Assignee:

             [and
          is
          an Affiliate/Approved Fund of [Identify Lender]]1 

         

        3.    Borrower:
          American Axle & Manufacturing, Inc.

         

        
          	 	
                  4.

                	
                  Administrative
                    Agent: JPMorgan Chase Bank, N.A., as Administrative Agent under
                    the Credit
                    Agreement

                

        

         

        
          	 	
                  5.

                	
                  Credit
                    Agreement: The $200,000,000 Credit Agreement dated as of June 28,
                    2006, among American Axle & Manufacturing, Inc., American Axle &
                    Manufacturing Holdings, Inc., the Lenders party thereto and JPMorgan
                    Chase
                    Bank, N.A., as Administrative
                    Agent.

                

        

         

        
          	 	
                  6.

                	
                  Assigned
                    Interest:

                

        

         

        
          	
                  Facility
                    Assigned

                	
                  Aggregate
                    Amount of Commitment/Loans for all Lenders

                	
                  Amount
                    of Commitment/Loans Assigned

                	
                  Percentage
                    

                  Assigned
                    of Commitment/Loans2 

                
	
                  Term
                    Loan Facility

                	
                  $
                    200,000,000

                	
                  $

                	
                  %

                

        

        

        Effective
          Date:                                 ,
          20    
          [TO BE
          INSERTED BY ADMINISTRATIVE AGENT AND WHICH SHALL BE THE EFFECTIVE DATE
          OF
          RECORDATION OF TRANSFER IN THE REGISTER THEREFOR].

         

        

         

        The
          Assignee agrees to deliver to the Administrative Agent a completed
          Administrative Questionnaire in which the Assignee designates one or more
          Credit
          Contacts to whom all syndicate-level information (which may contain material
          non-public information about the Borrower, the Loan Parties and their Related
          Parties or their respective securities) will be made available and who
          may
          receive such information in accordance with the Assignee’s compliance procedures
          and applicable laws, including Federal and state securities laws.

         

        The
          terms
          set forth in this Assignment and Assumption are hereby agreed to:

         

         

        ASSIGNOR
          [NAME OF ASSIGNOR],

         

        

         

        by

         

         

         

        Title:

         

        ASSIGNEE
          [NAME OF ASSIGNEE],

         

        

         

        by

         

         

         

        Title:

        
          
            
            

          

          
            
            

            
              

            

          

          
            
            

          

        

         

        [Consented
          to and]3 
          Accepted:

         

        

         

        JPMORGAN
          CHASE BANK, N.A., as Administrative Agent,

         

        

         

        by

         

         

         

        Title:

        
          
            
            

          

          
            
            

            
              

            

          

          
            
            

          

        

         

        [Consented
          to:]4 

         

        

         

        AMERICAN
          AXLE & MANUFACTURING, INC.,

         

        

         

        by

         

         

         

        Title:

        

        

          

          
            1 Select
              as
              applicable.

             

          

          
            2
              Set
              forth, to at least 9 decimals, as a percentage of the Commitment/Loans
              of all
              Lenders thereunder.

             

          

          
            3 To
              be
              included only if the consent of the Administrative Agent is required
              by
              Section 9.04(b)(i)(B) of the Credit Agreement.

             

          

          
            4 To
              be
              included only if the consent of the Borrower is required by
              Section 9.04(b)(i)(A) of the Credit Agreement.

             

          

        

        
          
            
               

            

            
            

          

          
            
            

            
              

            

          

          
            
            

            
            

          

        

        AMERICAN
          AXLE & MANUFACTURING, INC.

        $200,000,000
          CREDIT FACILITY

         

        

         

        STANDARD
          TERMS AND CONDITIONS FOR

         

        ASSIGNMENT
          AND ASSUMPTION

         

        1.
          Representations
          and Warranties.

         

        1.1
          Assignor.
          The
          Assignor (a) represents and warrants that (i) it is the legal and
          beneficial owner of the Assigned Interest, (ii) the Assigned Interest is
          free and clear of any lien, encumbrance or other adverse claim and (iii) it
          has full power and authority, and has taken all action necessary, to execute
          and
          deliver this Assignment and Assumption and to consummate the transactions
          contemplated hereby; and (b) assumes no responsibility with respect to
          (i) any statements, warranties or representations made in or in connection
          with the Credit Agreement or any other Loan Document, (ii) the execution,
          legality, validity, enforceability, genuineness, sufficiency or value of
          the
          Loan Documents, (iii) the financial condition of the Parent, the Borrower,
          any of the Subsidiaries or other Affiliates of the Parent or any other
          Person
          obligated in respect of any Loan Document or (iv) the performance or
          observance by the Parent, the Borrower, any of the Subsidiaries or other
          Affiliates of the Parent or any other Person of any of their respective
          obligations under any Loan Document.

         

        1.2.
          Assignee.
          The
          Assignee (a) represents and warrants that (i) it has full power and
          authority, and has taken all action necessary, to execute and deliver this
          Assignment and Assumption and to consummate the transactions contemplated
          hereby
          and to become a Lender under the Credit Agreement, (ii) it satisfies the
          requirements, if any, specified in the Credit Agreement that are required
          to be
          satisfied by it in order to acquire the Assigned Interest and become a
          Lender,
          (iii) from and after the Effective Date, it shall be bound by the
          provisions of the Credit Agreement as a Lender thereunder and, to the extent
          of
          the Assigned Interest, shall have the obligations of a Lender thereunder,
          (iv) it has received a copy of the Credit Agreement, together with copies
          of the most recent financial statements delivered pursuant to Section 5.01
          thereof, as applicable, and such other documents and information as it
          has
          deemed appropriate to make its own credit analysis and decision to enter
          into
          this Assignment and Assumption and to purchase the Assigned Interest on
          the
          basis of which it has made such analysis and decision independently and
          without
          reliance on the Administrative Agent or any other Lender, and (v) if it is
          a Foreign Lender, attached to this Assignment and Assumption is any
          documentation required to be delivered by it pursuant to the terms of the
          Credit
          Agreement, duly completed and executed by the Assignee; and (b) agrees that
          (i) it will, independently and without reliance on the Administrative
          Agent, the Assignor or any other Lender, and based on such documents and
          information as it shall deem appropriate at the time, continue to make its own
          credit decisions in taking or not taking action under the Loan Documents,
          and
          (ii) it will perform in accordance with their terms all of the obligations
          which by the terms of the Loan Documents are required to be performed by
          it as a
          Lender.

         

        2.
          Payments.
          From and
          after the Effective Date, the Administrative Agent shall make all payments
          in
          respect of the Assigned Interest (including payments of principal, interest,
          fees and other amounts) to the Assignor for amounts which have accrued
          to but
          excluding the Effective Date and to the Assignee for amounts which have
          accrued
          from and after the Effective Date.

         

        3.
          General
          Provisions.
          This
          Assignment and Assumption shall be binding upon, and inure to the benefit
          of,
          the parties hereto and their respective successors and assigns. This Assignment
          and Assumption may be executed in any number of counterparts, which together
          shall constitute one instrument. Delivery of an executed counterpart of
          a
          signature page of this Assignment and Assumption by telecopy shall be effective
          as delivery of a manually executed counterpart of this Assignment and
          Assumption. This Assignment and Assumption shall be governed by, and construed
          in accordance with, the law of the State of New York.

        

          

            

        

        
          
            
            

          

          
            
            

            
              

            

          

          
            
            

          

        

        

          

Schedule 2.01

          

            
              	 

                       Lender 

                    	 	
                       

                    	 	
                      Existing
                        Term Loan 

                    	 	
                      Incremental
                        Term Loan

                    	 
	
                      Alcentra   

                    	 	 	 	 	
                      $

                    	
                      11,000,000.00

                    	 	 	 	 
	
                      Babson
                        Capital Management 

                    	 	 	 	 	
                      $

                    	
                      11,467,536.67

                    	 	 	 	 
	
                      BBT
                        Fund, L.P. 

                    	 	 	 	 	
                      $

                    	
                      2,640,000.00

                    	 	 	 	 
	
                      Bank
                        of America, N.A. 

                    	 	 	 	 	
                      $

                    	
                      8,000,000.00

                    	 	 	 	 
	
                      Barclays
                        Capital Inc. 

                    	 	 	 	 	
                      $

                    	
                      15,000,000.00

                    	 	 	 	 
	
                      Bass
                        Brothers Enterprises Inc.

                    	 	 	 	 	
                      $

                    	
                      360,000.00

                    	 	 	 	 
	
                      Bear
                        Stearns and Co. Inc.

                    	 	 	 	 	
                      $

                    	
                      1,000,000.00

                    	 	 	 	 
	
                      Blackstone
                        Debt Advisors, L.P. 

                    	 	 	 	 	
                      $

                    	
                      15,000,000.00

                    	 	 	 	 
	
                      BlueMountain
                        Capital Management LP

                    	 	 	 	 	
                      $

                    	
                      2,000,000.00

                    	 	 	 	 
	
                      Callidus
                        Capital Management 

                    	 	 	 	 	
                      $

                    	
                      2,000,000.00

                    	 	 	 	 
	
                      CypressTree
                        Investment Managment Co 

                    	 	 	 	 	
                      $

                    	
                      12,000,000.00

                    	 	 	 	 
	
                      DiMaio
                        Ahmad Capital LLC

                    	 	 	 	 	
                      $

                    	
                      3,000,000.00

                    	 	 	 	 
	
                      Hypo
                        Public Finance Bank

                    	 	 	 	 	
                      $

                    	
                      1,000,000.00

                    	 	 	 	 
	
                      ING
                        Alternative Asset Management LLC

                    	 	 	 	 	
                      $

                    	
                      5,000,000.00

                    	 	 	 	 
	
                      ING
                        Group 

                    	 	 	 	 	
                      $

                    	
                      3,000,000.00

                    	 	 	 	 
	
                      Invesco 

                    	 	 	 	 	
                      $

                    	
                      12,236,000.00

                    	 	 	 	 
	
                      Intermarket
                        Corp.

                    	 	 	 	 	
                      $

                    	
                      7,000,000.00

                    	 	 	 	 
	
                      J.P.
                        Morgan Whitefriars, Inc.

                    	 	 	 	 	
                      $

                    	
                      5,000,000.00

                    	 	 	 	 
	
                      JPMorgan
                        Chase Bank, N.A.

                    	 	 	 	 	
                      $

                    	
                      6,000,000.00

                    	 	
                      $

                    	
                      50,000,000.00

                    	 
	
                      McDonnell
                        Investment Management LLC

                    	 	 	 	 	
                      $

                    	
                      4,000,000.00

                    	 	 	 	 
	
                      MJX
                        Asset Management LLC

                    	 	 	 	 	
                      $

                    	
                      3,000,000.00

                    	 	 	 	 
	
                      Merrill
                        Lynch, Pierce, Fenner and Smith

                    	 	 	 	 	
                      $

                    	
                      20,000,000.00

                    	 	 	 	 
	
                      Northwestern
                        Mutual Life Insur. Co.

                    	 	 	 	 	
                      $

                    	
                      8,000,000.00

                    	 	 	 	 
	
                      ORIX
                        Finance Corp.

                    	 	 	 	 	
                      $

                    	
                      2,000,000.00

                    	 	 	 	 
	
                      Sankaty
                        Advisors LLC

                    	 	 	 	 	
                      $

                    	
                      6,000,000.00

                    	 	 	 	 
	
                      Satellite
                        Asset Management

                    	 	 	 	 	
                      $

                    	
                      20,000,000.00

                    	 	 	 	 
	
                      Scotiabanc
                        Inc.

                    	 	 	 	 	
                      $

                    	
                      5,000,000.00

                    	 	 	 	 
	
                      Tall
                        Tree Investment Management, LLC

                    	 	 	 	 	
                      $

                    	
                      1,000,000.00

                    	 	 	 	 
	
                      UBS
                        AG, Stamford Branch

                    	 	 	 	 	
                      $

                    	
                      2,000,000.00

                    	 	 	 	 
	
                      Wachovia
                        Bank NA North Carolina

                    	 	 	 	 	
                      $

                    	
                      2,296,463.33

                    	 	 	 	 
	
                      Wells
                        Capital Mgmt.

                    	 	 	 	 	
                      $

                    	
                      2,000,000.00

                    	 	 	 	 
	
                      Wells
                        Fargo Capital Market

                    	 	 	 	 	
                      $

                    	
                      2,000,000.00

                    	 	 	 	 
	
                      Total: 

                    	 	 	 	 	
                      $

                    	
                      200,000,000.00

                    	 	
                      $

                    	
                      50,000,000.00

                    	 

            

            
              
                
                

              

              
                
                

                
                  

                

              

              
                
                

              

            
 

            

              

            

          

          SCHEDULE
            3.05

          DISCLOSED
            MATTERS

          

          NONE

          
            
              
              

            

            
              
              

              
                

              

            

            
              
              

            

          

          

            SCHEDULE
              3.11

            SUBSIDIARIES

            

             

            
              Material
                Subsidiaries:

              NONE.

              Subsidiaries:

              	
                       

                    	
                      Jurisdiction
                        of

                      Organization

                    	
                      Percent
                        Owned

                      by
                        Immediate

                      Parent

                    
	
                       

                    	
                       

                    	
                       

                    
	
                      American
                        Axle & Manufacturing Holdings, Inc.

                    	
                      Delaware

                    	
                      100%

                    
	
                      American
                        Axle & Manufacturing, Inc. 

                    	
                      Delaware

                    	
                      100%

                    
	
                      Colfor
                        Manufacturing Inc. 

                    	
                      Delaware

                    	
                      100%

                    
	
                      MSP
                        Industries Corporation

                    	
                      Michigan

                    	
                      100%

                    
	
                      MSP
                        Team LLC 

                    	
                      Michigan

                    	
                      99%(1)

                    
	
                      AAM
                        International Holdings, Inc 

                    	
                      Delaware

                    	
                      100%

                    
	
                      AAM
                        Comercio e Participacoes Ltda.

                    	
                      Brazil

                    	
                      99.99%(1)

                    
	
                      AAM
                        do Brasil Ltda

                    	
                      Brazil

                    	
                      99.23%

                    
	
                      AAM
                        Mauritius Holdings Ltd

                    	
                      Mauritius

                    	
                      100%

                    
	
                      Changshu
                        AAM Automotive Driveline High Technology Manufacturing Co.,
                        Ltd.
                        

                    	
                      China

                    	
                      100%

                    
	
                      Asia
                        Pacific Office Branch, (Tokyo, Japan)

                    	
                      Japan

                    	
                       

                    
	
                      China
                        Representative Office, (Shanghai, China)

                    	
                      China
                        

                    	
                       

                    
	
                      American
                        Axle & Manufacturing Korea, Inc. 

                    	
                      Korea

                    	
                      100%

                    
	
                      AAM
                        Services India Private Ltd.

                    	
                      India

                    	
                      99%(1)

                    
	
                      AAM
                        Poland Sp. z o. o.

                    	
                      Poland

                    	
                      100%

                    
	
                      AAM
                        Poland Production Sp. z o. o.

                    	
                      Poland

                    	
                      99%(1)

                    
	
                      Albion
                        Automotive (Holdings) Limited

                    	
                      Scotland
                        

                    	
                      100%

                    
	
                      Albion
                        Automotive Limited

                    	
                      Scotland

                    	
                      100%

                    
	
                      AAM
                        Mexico Holdings LLC

                    	
                      Delaware

                    	
                      100%

                    
	
                      American
                        Axle & Manufacturing de 
Mexico Holdings S. de R.L. de
                        C.V.

                    	
                      Mexico

                    	
                      99.99%(1)

                    
	
                      Guanajuato
                        Gear & Axle de
Mexico S. de R.L. de C.V.

                    	
                      Mexico

                    	
                      99.99%(1)
                        

                    
	
                      American
                        Axle &
Manufacturing de Mexico
S. de R.L. de C.V.
                        

                    	
                      Mexico

                    	
                      99.99%(1)

                    
	
                      AAM
                        Maquiladora Mexico S. de R.L. de C.V. 

                    	
                      Mexico

                    	
                      99.99%(1)

                    
	
                      AAM
                        Europe GmbH

                    	
                      Germany

                    	
                      100%

                    
	
                      AAM
                        Luxembourg S.á r.l.

                    	
                      Luxembourg

                    	
                      100%

                    
	
                      AAM
                        International S.á r.l.

                    	
                      Luxembourg

                    	
                      100%

                    

              (1)       
                Remaining shares owned by the Parent or the Subsidiaries

            

            
              
                
                

              

              
                
                

                
                  

                

              

              
                
                

              

            

            
               

            

            

               

              SCHEDULE
                6.01

              EXISTING
                INDEBTEDNESS

               

            

            
              Existing Letters
                of
                Credit

              1.       
Standby Letter
                of Credit in the amount of $8,000,000 issued for the benefit of
                American Zurich Insurance Company & Zurich American Insurance Company, dated
                October 21, 2003 and expiring October 1, 2004.   

              2.       
Standby Letter
                of Credit in the amount of $8,000,000 issued for the benefit of
                American Zurich Insurance Company & Zurich American Insurance Company, dated
                October 27, 2004 and expiring October 1, 2005.   

              3.       
Standby Letter
                of Credit in the amount of $5,462,396.00 issued for the benefit
                of American Zurich Insurance Company & Zurich American Insurance Company,
                dated October 27, 2005 and expiring October 1, 2006.

              4.       
                Standby Letter of Credit in the amount of $3,500,000 issued for the
                benefit of
                Royal Indemnity Company, dated April 29, 2003 and expiring April
                30, 2004.

               

              Other Surviving Indebtedness

              1.       
$30,000,000 Offering Basis Loan
                Agreement, dated as of February 28, 2006,
                between American Axle & Manufacturing, Inc. and Fifth Third Bank.

              2.       
                $30,000,000 Offering Basis Loan Agreement, dated as of March 27,
                2006, between
                American Axle & Manufacturing, Inc. and Charter One Bank, N.A

               

              3.       
                $25,000,000 Offering Basis Loan Agreement, dated as of February 21,
                2005,
                between American Axle & Manufacturing, Inc. and BNP Paribas.

               

              4.       
                $25,000,000 Offering Basis Loan Agreement, dated as of August 27,
                2004, between
                American Axle & Manufacturing, Inc. and Calyon, New York Branch.

               

              5.       
                £14,900,000 Revolving Credit Facility, dated as of June 10, 2004,
                amended
                September 8, 2004, February 2, 2006 and April 6, 2006 expiring on
                demand between
                Albion Automotive and ABN Amro Bank.

               

              6.       
                £100,000 VAT Guarantee part of the Credit Facility, dated April 6,
                2006 expiring
                on demand, 2006 between Albion Automotive, ABN Amro Bank and HM Customs
&
Excise.

               

              7.       
                Master Lease Agreement, dated as of August 21, 1997 and expiring
                May 21, 2012,
                between Albion Automotive Limited and Clydemore Properties Limited. 
Outstandings of £1,371,511.20 as of June 27, 2006.

               

              8.       
                Overdraft Facility in the amount of 13,000,000 Brazilian Reais dated
                as of
                February 13th, 2006 and expiring August 14, 2006 by and between AAM
                do Brasil
                Ltda. and HSBC Bank Brasil S.A.

               

              9.       
                Overdraft Facility in the amount of 25,000,000 Brazilian Reais dated
                as of April
                28th 2006 and expiring July 27th, 2006 between AAM do Brasil Ltda
                and BankBoston
                Banco Multiplo S/A.  There are provisions within the contract that would
                increase the amount to 55,000,000 Brazilian Reais upon the request
                of AAM do
                Brazil Ltda. 

               

              10.    
                $600,000,000 Revolving Credit Facility, dated as of June 9, 2004,
                amended as of
                April 12, 2005, among  American Axle & Manufacturing, Inc., American
                Axle & Manufacturing Holdings, Inc., and JPMorgan Chase Bank, J.P. Morgan
                Securities Inc. and Banc of America Securities LLC.  

             

            

             

            
              
                
                

              

              
                
                

                
                  

                

              

              
                
                

              

            

            

             

             

            SCHEDULE
              6.02
EXISTING LIENS

            1.             Encumbrances
              on assets granted to secure payments of amounts owed under:

             

            1.            
Master Lease Agreement, dated as of August 21, 1997 and expiring
              May 21, 2012,
              between Albion Automotive Limited and Clydemore Properties Limited. 
Outstandings of £1,371,511.20 as of June 27, 2006.

             

            2.                 
Filings made with respect to equipment
              (leased or owned), including, without
              limitation, filings made against the Parent and the following Subsidiaries
              by
              the entities and/or their assignees listed below such Parent or Subsidiary’s
              name:

             

            (a)              American
              Axle & Manufacturing Holdings, Inc.

            Transamerica Equipment Financial
              Services Corporation

            Tage Equipment Financial Services
              Corporation

             

            (b)              American
              Axle & Manufacturing Inc.

            BNY Capital Resources Corp.

            Comerica Bank

            Comerica Leasing, a Division
              of Comerica
              Bank

            De Lage Landen Financial Services

            Dell Financial Services, L.P.

            Fifth Third Leasing Company

            Fleet Capital Corporation

            General Electric Capital
              Corporation

            The Huntington National Bank

            Lasalle National Leasing
              Corporation

            Mellon Leasing Corporation

            Miller Tool & Die Co.

            National City Leasing Corp.

            O/E Systems, Inc.

            The Orix/American Axle Trust

            PNC Leasing Corp.

            Provident Commercial Group,
              Inc.

            Steelcase Financial Services
              Inc.

            Tage Equipment Financial Services
              Corporation

            Transamerica Equipment Financial
              Services Corporation

            Valenite, LLC.

             

            (c)              Colfor
              Manufacturing Inc.

            Citicorp Vendor Finance Inc.

            General Electric Capital
              Corporation

             

             

            (d)             
MSP Industries Corporation

            Coon Devisser

            
              
                
                

              

              
                
                

                
                  

                

              

              
                
                

              

            

            
              
                
                

              

              
                
                

                
                  

                

              

              
                
                

              

            

            SCHEDULE
              6.05

             

            EXISTING
              TRANSACTIONS WITH AFFILIATES

             

            

             

            NONE

             

            
              
                
                

              

              
                
                

                
                  

                

              

              
                
                

              

            

            SCHEDULE
              6.06

             

            EXISTING
              RESTRICTIONS

             

            

             

            NONE

             

            
              
                
                

              

              
                
                

                
                  

                

              

              
                
                

              

            

            
              
                	
                        GUARANTEE
                          AGREEMENT

                        dated
                          as of

                        June 28,
                          2006

                        among

                        AMERICAN
                          AXLE & MANUFACTURING, INC.,

                        AMERICAN
                          AXLE & MANUFACTURING HOLDINGS, INC.,

                        THE
                          SUBSIDIARY GUARANTORS 

                        IDENTIFIED
                          HEREIN

                        and

                        JPMORGAN
                          CHASE BANK, N.A.,

                        as
                          Administrative Agent

                      

              

               

            

            
              TABLE
                OF
                CONTENTS

              ARTICLE I

Definitions

              SECTION 1.01. Credit
                Agreement.......................................................................................
                1

              SECTION 1.02. Other Defined
                Terms..................................................................................
                1

              ARTICLE II

The Guarantees

              SECTION 2.01.
                Guarantee...................................................................................................
                2

              SECTION 2.02. Guarantee of
                Payment.................................................................................
                2

              SECTION 2.03. No
                Limitations............................................................................................
                2

              SECTION 2.04.
                Reinstatement.............................................................................................
                3

              SECTION 2.05. Agreement To Pay;
                Subrogation..................................................................
                4

              SECTION 2.06.
                Information.................................................................................................
                4

              ARTICLE III

Indemnity, Subrogation
                and
                Subordination

              SECTION 3.01. Indemnity and
                Subrogation..........................................................................
                4

              SECTION 3.02. Contribution and
                Subrogation......................................................................
                4

              SECTION 3.03.
                Subordination.............................................................................................
                5

              ARTICLE IV

Miscellaneous

              SECTION 4.01.
                Notices.......................................................................................................
                5

              SECTION 4.02. Waivers;
                Amendment..................................................................................
                5

              SECTION 4.03. Administrative
                Agent’s Fees
                and Expenses; Indemnification......................... 6

              SECTION 4.04. Successors and
                Assigns..............................................................................
                6

              SECTION 4.05. Survival of
                Agreement.................................................................................
                6

              SECTION 4.06. Counterparts;
                Effectiveness;
                Several Agreement.......................................... 7

              SECTION 4.07.
                Severability.................................................................................................
                7

              SECTION 4.08. Right of
                Set-Off..........................................................................................
                7

              SECTION 4.09. Governing Law;
                Jurisdiction;
                Consent to Service of Process......................... 8

              SECTION 4.10. WAIVER OF JURY
                TRIAL......................................................................
                8

              SECTION 4.11.
                Headings....................................................................................................
                9

              SECTION 4.12.
                Termination.................................................................................................
                9

              SECTION 4.13. Additional
                Guarantors.................................................................................
                9

              Schedules

              Schedule
                I        Initial Subsidiary Guarantors

               

              Exhibits

              Exhibit
                A          Form of
                Supplement

            

            
              GUARANTEE AGREEMENT dated
                as of
                June 28, 2006 among AMERICAN AXLE & MANUFACTURING, INC., AMERICAN AXLE
& MANUFACTURING HOLDINGS, INC., the SUBSIDIARY GUARANTORS identified
                herein
                and JPMORGAN CHASE BANK, as Administrative Agent.

              Reference is made to the Credit
                Agreement
                dated as of June 28, 2006 (as amended, supplemented or otherwise modified
                from time to time, the “Credit Agreement”), among American Axle &
Manufacturing, Inc. (the “Borrower”), American Axle & Manufacturing
                Holdings, Inc. (the “Parent”), the Lenders party thereto and JPMorgan
                Chase Bank, N.A., as Administrative Agent.  The Lenders have agreed to
                extend credit to the Borrower subject to the terms and conditions
                set forth in
                the Credit Agreement.  The obligations of the Lenders to extend such credit
                are conditioned upon, among other things, the execution and delivery
                of this
                Agreement.  The Parent and the Subsidiary Guarantors are affiliates of the
                Borrower, will derive substantial benefits from the extension of
                credit to the
                Borrower pursuant to the Credit Agreement and are willing to execute
                and deliver
                this Agreement in order to induce the Lenders to extend such credit.
                 Accordingly, the parties hereto agree as follows:

              ARTICLE
                I

Definitions

                  SECTION
                1.01. 
Credit Agreement.  (a)  Capitalized
                terms used in this Agreement and not otherwise defined herein have
                the meanings
                specified in the Credit Agreement.

               

                  (b) 
The
                rules
                of construction specified in Section 1.03 of the Credit Agreement
                also apply to
                this Agreement.

               

                  SECTION
                1.02. 
Other Defined Terms.  As used in this Agreement, the following terms
                have the meanings specified below:

               

                  “Borrower”
has
                the meaning assigned to such term in the preliminary statement of
                this
                Agreement.

                  “Credit
                Agreement” has the meaning assigned to such term in the preliminary
                statement of this Agreement.

                  “Guaranteed
                Parties” means (a) the Lenders, (b) the Administrative Agent,
                (c) the beneficiaries of each indemnification obligation undertaken by
                the
                Borrower under the Credit Agreement and (d) the successors and permitted
                assigns of each of the foregoing.

                  “Guarantors”
                means the Parent and the Subsidiary Guarantors.

                  “Obligations”
                means (a) the due and punctual payment by the Borrower of (i) the
                principal of
                and interest (including interest accruing during the pendency of
                any bankruptcy,
                insolvency, receivership or other similar proceeding, regardless
                of whether
                allowed or allowable in such proceeding) on the Loans, when and as
                due, whether
                at maturity, by acceleration, upon one or more dates set for prepayment
                or
                otherwise, and (ii) all other monetary obligations of the Borrower
                to any of the
                Guaranteed Parties under the Credit Agreement, including obligations
                to pay
                fees, expense reimbursement obligations and indemnification obligations,
                whether
                primary, secondary, direct, contingent, fixed or otherwise (including
                monetary
                obligations incurred during the pendency of any bankruptcy, insolvency,
                receivership or other similar proceeding, regardless of whether allowed
                or
                allowable in such proceeding) and (b) the due and punctual payment
                of all other
                obligations of each Loan Party under or pursuant to each of the Loan
                Documents.

                  “Parent”
has
                the meaning assigned to such term in the preliminary statement of
                this
                Agreement.

                  “Subsidiary
                Guarantors” means the Subsidiaries identified on Schedule I and each
                other Subsidiary that becomes a party to this Agreement as a Subsidiary
                Guarantor after the Effective Date pursuant to Section 4.13 of this
                Agreement or
                Section 5.09 of the Credit Agreement; provided, that if a Subsidiary is
                released from its obligations as a Subsidiary Guarantor hereunder
                as provided in
                Section 4.12(b) or (c), such Subsidiary shall cease to be a Subsidiary
                Guarantor
                hereunder effective upon such release.

              ARTICLE
                II

The
                Guarantees

                  SECTION
                2.01. 
Guarantee.  Each Guarantor unconditionally guarantees, jointly with
                the other Guarantors and severally, as a primary obligor and not
                merely as a
                surety, the due and punctual payment of the Obligations.  Each of the
                Guarantors further agrees that the Obligations may be extended or
                renewed, in
                whole or in part, without notice to or further assent from it, and
                that it will
                remain bound upon its guarantee notwithstanding any extension or
                renewal of any
                Obligation.  Each of the Guarantors waives presentment to, demand of
                payment from and protest to the Borrower or any other Loan Party
                of any of the
                Obligations, and also waives notice of acceptance of its guarantee
                and notice of
                protest for nonpayment.

               

                  SECTION
                2.02. 
Guarantee of Payment.  Each of the Guarantors further agrees that
                its guarantee hereunder constitutes a guarantee of payment when due
                and not of
                collection, and waives any right to require that any resort be had
                by the
                Guaranteed Parties to any balance of any deposit account or credit
                on the books
                of any Guaranteed Party in favor of the Borrower or any other
                Person.

               

                  SECTION
                2.03. 
No Limitations.  (a)  Except for
                termination of a Guarantor’s obligations hereunder as expressly provided in
                Section 4.12, the obligations of each Guarantor hereunder shall not
                be subject
                to any reduction, limitation, impairment or termination for any reason,
                including any claim of waiver, release, surrender, alteration or
                compromise, and
                shall not be subject to any defense or set-off, counterclaim, recoupment
                or
                termination whatsoever by reason of the invalidity, illegality or
                unenforceability of the Obligations or otherwise.  Without limiting the
                generality of the foregoing, the obligations of each Guarantor hereunder
                shall
                not be discharged or impaired or otherwise affected by (i) the failure of
                any Guaranteed Party to assert any claim or demand or to enforce
                any right or
                remedy under the provisions of any Loan Document or otherwise; (ii) any
                rescission, waiver, amendment or modification of, or any release
                from any of the
                terms or provisions of, any Loan Document or any other agreement,
                including with
                respect to any other Guarantor under this Agreement; (iii) the release
                of any
                security held by any Guaranteed Party for any of the Obligations;
                (iv) any
                default, failure or delay, wilful or otherwise, in the performance
                of the
                Obligations; or (v) any other act or omission that may or might in any
                manner or to any extent vary the risk of any Guarantor or otherwise
                operate as a
                discharge of any Guarantor as a matter of law or equity (other than
                the payment
                in full in cash of all the Obligations).  If any security is granted to
                secure the payment of the Obligations, each Guarantor expressly authorizes
                the
                Guaranteed Parties to exchange, waive or release any or all such
                security (with
                or without consideration), to enforce or apply such security and
                direct the
                order and manner of any sale thereof in their sole discretion or
                to release or
                substitute any one or more other guarantors or obligors upon or in
                respect of
                the Obligations, all without affecting the obligations of any Guarantor
                hereunder.

               

                  (b) 
To
                the
                fullest extent permitted by applicable law, each Guarantor waives
                any defense
                based on or arising out of any defense of the Borrower or any other
                Loan Party
                or the unenforceability of the Obligations or any part thereof from
                any cause,
                or the cessation from any cause of the liability of the Borrower
                or any other
                Loan Party, other than the payment in full in cash of all the Obligations. 
The Guaranteed Parties may, at their election, foreclose on any security
                held by
                one or more of them by one or more judicial or nonjudicial sales,
                accept an
                assignment of any such security in lieu of foreclosure, compromise
                or adjust any
                part of the Obligations, make any other accommodation with the Parent,
                the
                Borrower or any other Loan Party or exercise any other right or remedy
                available
                to them against the Parent, the Borrower or any other Loan Party,
                without
                affecting or impairing in any way the liability of any Guarantor
                hereunder
                except to the extent the Obligations have been fully paid in full
                in cash. 
To the fullest extent permitted by applicable law, each Guarantor
                waives any
                defense arising out of any such election even though such election
                operates,
                pursuant to applicable law, to impair or to extinguish any right
                of
                reimbursement or subrogation or other right or remedy of such Guarantor
                against
                the Parent, the Borrower or any other Loan Party, as the case may
                be, or any
                security.

               

                  SECTION
                2.04. 
Reinstatement.  Each of the Guarantors agrees that its guarantee
                hereunder shall continue to be effective or be reinstated, as the
                case may be,
                if at any time payment, or any part thereof, of any Obligation is
                rescinded or
                must otherwise be restored by any Guaranteed Party upon the bankruptcy
                or
                reorganization of the Borrower, any other Loan Party or
                otherwise.

               

                  SECTION
                2.05. 
Agreement To Pay; Subrogation.  In furtherance of the foregoing and
                not in limitation of any other right that the Administrative Agent
                or any other
                Guaranteed Party has at law or in equity against any Guarantor by
                virtue hereof,
                upon the failure of the Borrower or any other Loan Party to pay any
                Obligation
                when and as the same shall become due, whether at maturity, by acceleration,
                after notice of prepayment or otherwise, each Guarantor hereby promises
                to and
                will forthwith pay, or cause to be paid, to the Administrative Agent
                for
                distribution to the applicable Guaranteed Parties in cash the amount
                of such
                unpaid Obligation.  Upon payment by any Guarantor of any sums to the
                Administrative Agent as provided above, all rights of such Guarantor
                against the
                Borrower or any other Loan Party arising as a result thereof by way of right of
                subrogation, contribution, reimbursement, indemnity or otherwise
                shall in all
                respects be subject to Article III.

               

                  SECTION
                2.06. 
Information.  Each Guarantor assumes all responsibility for being
                and keeping itself informed of the Borrower’s and each other Loan Party’s
                financial condition and assets, and of all other circumstances bearing
                upon the
                risk of nonpayment of the Obligations and the nature, scope and extent
                of the
                risks that such Guarantor assumes and incurs hereunder, and agrees
                that none of
                the Guaranteed Parties will have any duty to advise such Guarantor
                of
                information known to it or any of them regarding such circumstances
                or
                risks.

               

              ARTICLE
                III

Indemnity,
                Subrogation and
                Subordination

               

                  SECTION
                3.01. 
Indemnity and Subrogation.  In addition to all such rights of
                indemnity and subrogation as the Guarantors may have under applicable
                law (but
                subject to Section 3.03) in respect of any payment hereunder, the
                Borrower
                agrees that in the event a payment of an Obligation shall be made by any
                Guarantor under this Agreement, the Borrower shall indemnify such
                Guarantor for
                the full amount of such payment and such Guarantor shall be subrogated
                to the
                rights of the Person to whom such payment shall have been made to
                the extent of
                such payment.

               

                  SECTION
                3.02. 
Contribution and Subrogation.  Each Guarantor (a “Contributing
                Party”) agrees (subject to Section 3.03) that, in the event a payment
                shall be made by any other Guarantor hereunder in respect of any
                Obligation and
                such other Guarantor (the “Claiming Party”) shall not have been fully
                indemnified by the Borrower as provided in Section 3.01, the Contributing
                Party shall indemnify the Claiming Party in an amount equal to the
                amount of
                such payment, multiplied by a fraction of which the numerator shall
                be the net
                worth of the Contributing Party on the date hereof and the denominator
                shall be
                the aggregate net worth of all the Guarantors on the date hereof
                (or, in the
                case of any Guarantor becoming a party hereto pursuant to Section 4.13, the
                date of the supplement hereto executed and delivered by such Guarantor). 
Any Contributing Party making any payment to a Claiming Party pursuant
                to this
                Section 3.02 shall be subrogated to the rights of such Claiming Party under
                Section 3.01 to the extent of such payment.  For purposes of this
                Agreement, “net worth” of any Guarantor as of any date shall mean (a) the amount
                of the total assets of such Guarantor as of such date minus (b) the
                amount of
                the total liabilities of such Guarantor as of such date, in each
                case that would
                be reflected on a balance sheet prepared on a consolidated basis
                as of such date
                in accordance with GAAP.

               

              SECTION
                3.03. 
Subordination.  Notwithstanding any provision of this Agreement to
                the contrary, each Guarantor hereby agrees not to exercise any rights 
under Sections 3.01 and 3.02 or any other rights of indemnity, contribution
                or subrogation under applicable law or otherwise in respect of payments
                hereunder unless and until all of the Obligations shall have been
                paid in full
                in cash.  No failure on the part of the Borrower or any Guarantor to make
                the payments required by Sections 3.01 and 3.02 (or any other payments
                required under applicable law or otherwise) shall in any respect
                limit the
                obligations and liabilities of any Guarantor with respect to its
                obligations
                hereunder, and each Guarantor shall remain liable for the full amount
                of the
                obligations of such Guarantor hereunder.

               

              ARTICLE
                IV

Miscellaneous

               

                  SECTION
                4.01. 
Notices.  All communications and notices hereunder shall (except as
                otherwise expressly permitted herein) be in writing and given as
                provided in
                Section 9.01 of the Credit Agreement.  All communications and notices
                hereunder to any Subsidiary Guarantor shall be given to it in care
                of the Parent
                as provided in Section 9.01 of the Credit Agreement.

               

                  SECTION
                4.02. 
Waivers; Amendment.  (a)  No failure or
                delay by the Administrative Agent or any Lender in exercising any
                right or power
                hereunder or under any other Loan Document shall operate as a waiver
                thereof,
                nor shall any single or partial exercise of any such right or power,
                or any
                abandonment or discontinuance of steps to enforce such a right or
                power,
                preclude any other or further exercise thereof or the exercise of
                any other
                right or power.  The rights and remedies of the Administrative Agent and
                the Lenders hereunder and under the Credit Agreement are cumulative
                and are not
                exclusive of any rights or remedies that they would otherwise have.  No
                waiver of any provision of this Agreement or consent to any departure
                by any
                Loan Party therefrom shall in any event be effective unless the same
                shall be
                permitted by paragraph (b) of this Section 4.02, and
                then such waiver or consent shall be effective only in the specific
                instance and
                for the purpose for which given.  Without limiting the generality of the
                foregoing, the making of a Loan shall not be construed as a waiver
                of any
                Default, regardless of whether the Administrative Agent or any Lender
                may have
                had notice or knowledge of such Default at the time.  No notice or demand
                on any Loan Party in any case shall entitle any Loan Party to any
                other or
                further notice or demand in similar or other circumstances.

               

                  (b) 
Neither
                this Agreement nor any provision hereof may be waived, amended or
                modified
                except pursuant to an agreement or agreements in writing entered
                into by the
                Administrative Agent and the Loan Party or Loan Parties with respect
                to which
                such waiver, amendment or modification is to apply, subject to any
                consent
                required in accordance with Section 9.02 of the Credit
                Agreement.

               

                  SECTION
                4.03. 
Administrative Agent’s Fees and Expenses; Indemnification. 
(a)  The parties hereto agree that
                the
                Administrative Agent shall be entitled to reimbursement of its expenses
                incurred
                hereunder as provided in Section 9.03 of the Credit Agreement.

               

                  (b) 
Without
                limitation of the Borrower’s indemnification obligations under the Credit
                Agreement, each Guarantor jointly and severally agrees to indemnify
                the
                Administrative Agent and the other Indemnitees (as defined in Section 9.03
                of the Credit Agreement) against, and hold each Indemnitee harmless
                from, any
                and all losses, claims, damages, liabilities and related expenses,
                including the
                reasonable fees, charges and disbursements of any counsel for any
                Indemnitee,
                incurred by or asserted against any Indemnitee arising out of, in
                connection
                with, or as a result of, the execution, delivery or performance of
                this
                Agreement or any claim, litigation, investigation or proceeding relating
                to any
                of the foregoing agreement or instrument contemplated hereby, whether
                or not any
                Indemnitee is a party thereto; provided that such indemnity shall not, as
                to any Indemnitee, be available to the extent that such losses, claims,
                damages,
                liabilities or related expenses are determined by a court of competent
                jurisdiction by final and nonappealable judgment to have resulted
                from the gross
                negligence or wilful misconduct of such Indemnitee or any of its
                directors,
                trustees, officers or employees.

               

                  (c) 
The
                provisions of this Section 4.03 shall remain operative and in full force
                and effect regardless of the termination of this Agreement or the
                Credit
                Agreement, the consummation of the transactions contemplated hereby,
                the
                repayment of any of the Obligations, the invalidity or unenforceability
                of any
                term or provision of this Agreement or the Credit Agreement, or any
                investigation made by or on behalf of any Guaranteed Party.  All amounts
                due under this Section 4.03 shall be payable promptly after written demand
                therefor.

               

                  SECTION
                4.04. 
Successors and Assigns.  Whenever in this Agreement any of the
                parties hereto is referred to, such reference shall be deemed to
                include the
                permitted successors and assigns of such party; and all covenants,
                promises and
                agreements by or on behalf of any Guarantor that are contained in
                this Agreement
                shall bind and inure to the benefit of its respective successors
                and
                assigns.

               

                  SECTION
                4.05. 
Survival of Agreement.  All covenants, agreements, representations
                and warranties made by the Loan Parties in the Loan Documents and
                in the
                certificates or other instruments delivered in connection with or
                pursuant to
                this Agreement or any other Loan Document shall be considered to
                have been
                relied upon by the Lenders and shall survive the execution and delivery
                of the
                Loan Documents and the making of any Loans, regardless of any investigation
                made
                by any Lender or on its behalf and notwithstanding that the Administrative
                Agent
                or any Lender may have had notice or knowledge of any Default or
                incorrect
                representation or warranty at the time any credit is extended under
                the Credit
                Agreement, and shall continue in full force and effect as long as
                the principal
                of or any accrued interest on any Loan or any fee or any other amount
                payable
                under any Loan Document is outstanding and unpaid and so long as
                the Commitments
                have not expired or terminated.

               

                  SECTION
                4.06. 
Counterparts; Effectiveness; Several Agreement.  This Agreement may
                be executed in counterparts (and by different parties hereto on different
                counterparts), each of which shall constitute an original but all
                of which when
                taken together shall constitute single contract.  Delivery of an executed
                signature page to this Agreement by facsimile transmission shall
                be as effective
                as delivery of a manually signed counterpart of this Agreement.  This
                Agreement shall become effective as to any Loan Party when a counterpart
                hereof
                executed on behalf of such Loan Party shall have been delivered to
                the
                Administrative Agent and a counterpart hereof shall have been executed
                on behalf
                of the Administrative Agent, and thereafter shall be binding upon
                such Loan
                Party and the Administrative Agent and their respective permitted
                successors and
                assigns, and shall inure to the benefit of such Loan Party, the Administrative
                Agent and the other Guaranteed Parties and their respective successors
                and
                assigns, except that no Loan Party shall have the right to assign
                or transfer
                its rights or obligations hereunder or any interest herein (and any
                such
                assignment or transfer shall be void) except as expressly contemplated
                by this
                Agreement or the Credit Agreement.  This Agreement shall be construed as a
                separate agreement with respect to each Loan Party and may be amended,
                modified,
                supplemented, waived or released with respect to any Loan Party without
                the
                approval of any other Loan Party and without affecting the obligations
                of any
                other Loan Party hereunder.

               

                  SECTION
                4.07. 
Severability.  Any provision of this Agreement held to be invalid,
                illegal or unenforceable in any jurisdiction shall, as to such jurisdiction,
                be
                ineffective to the extent of such invalidity, illegality or uneforceability
                without affecting the validity, legality and enforceability of the
                remaining
                provisions hereof; and the invalidity of a particular provision in
                a particular
                jurisdiction shall not invalidate such provision in any other jurisdiction.
                 The parties shall endeavor in good‐faith negotiations to replace the
                invalid, illegal or unenforceable provisions with valid provisions
                the economic
                effect of which comes as close as possible to that of the invalid,
                illegal or
                unenforceable provisions.

               

                  SECTION
                4.08. 
Right of Set-Off.  Upon the occurrence and during the continuance of
                an Event of Default, and provided that the Loans shall have become
                or shall have
                been declared due and payable pursuant to the provisions of Article
                VII of the
                Credit Agreement, each Lender is hereby authorized at any time and
                from time to
                time, to the fullest extent permitted by law, to set off and apply
                any and all
                deposits (general or special, time or demand, provisional or final)
                at any time
                held and other obligations at any time owing by such Lender to or
                for the credit
                or the account of any Subsidiary Guarantor against any of and all
                the
                obligations of such Subsidiary Guarantor now or hereafter existing
                under this
                Agreement owed to such Lender, irrespective of whether or not such
                Lender shall
                have made any demand under this Agreement and although such obligations
                may be
                unmatured.  Each Lender agrees to promptly notify the Parent and the
                Borrower after any such set-off and application; provided, that the
                failure of any Lender to so notify the Parent and the Borrower shall
                not affect
                the validity of any such set-off and application.  The rights of each
                Lender under this Section 4.08 are in addition to other rights and
                remedies
                (including other rights of set-off) which such Lender may have.

               

                  SECTION
                4.09. 
Governing Law; Jurisdiction; Consent to Service of Process. 
(a)  This Agreement shall be construed
                in
                accordance with and governed by the law of the State of New York.

               

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

               

                  (c) 
Each
                of the
                Loan Parties hereby irrevocably and unconditionally waives, to the
                fullest
                extent it may legally and effectively do so, any objection which
                it may now or
                hereafter have to the laying of venue of any suit, action or proceeding
                arising
                out of or relating to this Agreement or any other Loan Document in
                any court
                referred to in paragraph (b) of this Section 4.09.  Each of the parties
                hereto hereby irrevocably waives, to the fullest extent permitted
                by law, the
                defense of an inconvenient forum to the maintenance of such action
                or proceeding
                in any such court.

               

                  (d) 
Each
                party
                to this Agreement irrevocably consents to service of process in the
                manner
                provided for notices in Section 4.01.  Nothing in this Agreement or the
                Credit Agreement will affect the right of any party to this Agreement
                to serve
                process in any other manner permitted by law.

               

                  SECTION
                4.10. 
WAIVER OF JURY TRIAL.  EACH PARTY HERETO HEREBY WAIVES, TO THE
                FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY RIGHT IT MAY HAVE
                TO A TRIAL BY
                JURY IN ANY LEGAL PROCEEDING DIRECTLY OR INDIRECTLY ARISING OUT OF
                OR RELATING
                TO THIS AGREEMENT, ANY OTHER LOAN DOCUMENT OR THE TRANSACTIONS CONTEMPLATED
                HEREBY (WHETHER BASED ON CONTRACT, TORT OR ANY OTHER THEORY).  EACH PARTY
                HERETO (A) CERTIFIES THAT NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER
                PARTY HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PARTY
                WOULD NOT,
                IN THE EVENT OF LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVER
                AND
                (B) ACKNOWLEDGES THAT IT AND THE OTHER PARTIES HERETO HAVE BEEN INDUCED
                TO
                ENTER INTO THIS AGREEMENT BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS
                AND
                CERTIFICATIONS IN THIS SECTION 4.10.

               

                  SECTION
                4.11. 
Headings.  Article and Section headings and the Table of Contents
                used herein are for convenience of reference only, are not part of
                this
                Agreement and are not to affect the construction of, or to be taken
                into
                consideration in interpreting, this Agreement.

               

                  SECTION
                4.12. 
Termination.  (a)  Subject to Section
                2.04, this Agreement and the Guarantees made herein shall terminate
                when all the
                outstanding Obligations have been paid in full in cash and the Lenders
                have no
                further commitment to lend under the Credit Agreement.

               

                  (b) 
A
                Subsidiary Guarantor shall automatically be released from its obligations
                hereunder upon the consummation of any transaction permitted by the
                Credit
                Agreement as a result of which such Subsidiary Guarantor ceases to
                be a
                Subsidiary of the Parent; provided that the Required Lenders shall have
                consented to such transaction (to the extent required by the Credit
                Agreement)
                and the terms of such consent did not provide otherwise.

               

                  (c) 
If
                and when
                a Subsidiary Guarantor ceases to be a Material Subsidiary, such Subsidiary
                Guarantor shall be released from its obligations hereunder; provided,
                that such release shall not be effective unless and until the Administrative
                Agent shall have received a certificate, executed on behalf of each
                of the
                Parent and the Borrower by one of its Financial Officers and reasonably
                satisfactory in form to the Administrative Agent, identifying each
                Subsidiary
                Guarantor to be released and certifying that (i) such Subsidiary
                Guarantor to be
                released is no longer a Material Subsidiary and (ii) no Default has
                occurred and
                is continuing both before and after giving effect to such release.  It is
                understood that the Parent and the Borrower may, at their option,
                elect not to
                identify a Subsidiary Guarantor in such certificate that otherwise
                is entitled
                to be released pursuant to this paragraph, in which case such Subsidiary
                shall
                remain a Subsidiary Guarantor hereunder, subject to the right to
                effect the
                release of such Subsidiary Guarantor at a later date upon delivery
                of another
                certificate with respect to such Subsidiary Guarantor in accordance
                with this
                paragraph.

               

                  SECTION
                4.13. 
Additional Guarantors.  Pursuant to Section 5.09 of the Credit
                Agreement, additional Subsidiaries may be required to become Subsidiary
                Guarantors after the date hereof.  Subsidiaries that are not Foreign
                Subsidiaries also may elect to become Subsidiary Guarantors hereunder. 
Upon execution and delivery by the Administrative Agent and a Subsidiary
                of an
                instrument in the form of Exhibit A hereto (or any other form approved by
                the Administrative Agent), any such Subsidiary shall become a Subsidiary
                Guarantor hereunder with the same force and effect as if originally
                named as a
                Subsidiary Guarantor herein.  The execution and delivery of any such
                instrument shall not require the consent of any other Loan Party
                hereunder.  The rights and obligations of each Loan Party hereunder shall
                remain in full force and effect notwithstanding the addition of any
                Subsidiary
                as a party to this Agreement.

            

            
              IN WITNESS WHEREOF,
                the
                parties hereto have duly executed this Guarantee Agreement as of
                the day and
                year first above written.

               

              	
                      AMERICAN AXLE & MANUFACTURING, INC.,
                        

                    
	
                      By

                    
	
                       

                    	
                       /s/ Michael K. Simonte        

                    
	
                       

                    	
                      Name: Michael K. Simonte

                    
	
                       

                    	
                      Title: Vice President-Finance
&
                        CFO

                    

               

               

               

              	
                      AMERICAN AXLE & MANUFACTURING
                        HOLDINGS, INC.

                    
	
                      By

                    
	
                       

                    	
                       /s/ Michael K. Simonte    

                    
	
                       

                    	
                      Name: Michael K. Simonte

                    
	
                       

                    	
                      Title: Vice President-Finance
&
                        CFO

                    

               

               

               

              	
                      JPMORGAN CHASE BANK, N.A.,
                        as
                        Administrative Agent

                    
	
                      By

                    
	
                       

                    	
                       /s/ Richard W. Duker

                    
	
                       

                    	
                      Name: Richard W. Duker

                    
	
                       

                    	
                      Title: Managing
                        Director

                    

            

            
              
                
                

              

              
                
                

                
                  

                

              

              
                
                

              

            

            
              INITIAL
                SUBSIDIARY GUARANTORS

               

              NONE.

               

            

            SUPPLEMENT
              NO. __
              dated as of [      ], to the Guarantee Agreement dated
              as of June 28, 2006 among AMERICAN AXLE & MANUFACTURING, INC., a
              Delaware corporation (the “Borrower”), AMERICAN AXLE & MANUFACTURING
              HOLDINGS, INC., a Delaware corporation (the “Parent”), the subsidiaries
              of the Parent party thereto (each of the Parent and each such subsidiary,
              individually, a “Guarantor” and collectively, the “Guarantors”)
              and JPMORGAN CHASE BANK, N.A., as Administrative Agent.

                A. 
Reference
              is
              made to the Credit Agreement dated as of June 28, 2006 (as amended,
              supplemented or otherwise modified from time to time, the “Credit
              Agreement”), among the Borrower, the Parent, the Lenders from time to time
              party thereto and JPMorgan Chase Bank, N.A., as Administrative Agent.

                B. 
Capitalized
              terms used herein and not otherwise defined herein shall have the meanings
              assigned to such terms in the Credit Agreement and the Guarantee Agreement
              referred to therein.

                C. 
The
              Guarantors have entered into the Guarantee Agreement in order to induce
              the
              Lenders to make Loans.  Section 4.13 of the Guarantee Agreement provides
              that additional Subsidiaries may become Subsidiary Guarantors under
              the
              Guarantee Agreement by execution and delivery of an instrument in the
              form of
              this Supplement.  The undersigned Subsidiary (the “New Subsidiary”)
              is executing this Supplement to become a Subsidiary Guarantor under
              the
              Guarantee Agreement as consideration for Loans previously made.

            Accordingly,
              the Administrative Agent and the New Subsidiary agree as follows:

                SECTION
              1.  In
              accordance with Section 4.13 of the Guarantee Agreement, the New Subsidiary
              by its signature below becomes a Subsidiary Guarantor (and accordingly,
              becomes
              a Guarantor) under the Guarantee Agreement with the same force and
              effect as if
              originally named therein as a Subsidiary Guarantor and the New Subsidiary
              hereby
              agrees to all the terms and provisions of the Guarantee Agreement applicable
              to
              it as a Subsidiary Guarantor and Guarantor thereunder.  Each reference to a
“Guarantor” in the Guarantee Agreement shall be deemed to include the New
              Subsidiary.  The Guarantee Agreement is hereby incorporated herein by
              reference.

                SECTION
              2.  The
              New Subsidiary represents and warrants to the Administrative Agent
              and the other
              Guaranteed Parties that this Supplement has been duly authorized, executed
              and
              delivered by it and constitutes its legal, valid and binding obligation,
              enforceable against it in accordance with its terms, subject to applicable
              bankruptcy, insolvency, reorganization, moratorium or other laws affecting
              creditors’ rights generally and subject to general principles of equity,
              regardless of whether considered in a proceeding in equity or at law.

                SECTION
              3.  This
              Supplement may be executed in counterparts (and by different parties
              hereto on
              different counterparts), each of which shall constitute an original,
              but all of
              which when taken together shall constitute a single contract. This
              Supplement
              shall become effective when the Administrative Agent shall have received
              a
              counterpart of this Supplement that bears the signature of the New
              Subsidiary
              and the Administrative Agent has executed a counterpart hereof.  Delivery
              of an executed signature page to this Supplement by facsimile transmission
              shall
              be as effective as delivery of a manually signed counterpart of this
              Supplement.

                SECTION
              4. 
Except as expressly supplemented hereby, the Guarantee Agreement shall
              remain in
              full force and effect.

                SECTION
              5.  THIS
              SUPPLEMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH,
              THE LAWS OF
              THE STATE OF NEW YORK.

                SECTION
              6.  In
              case any one or more of the provisions contained in this Supplement
              should be
              held invalid, illegal or unenforceable in any respect, the validity,
              legality
              and enforceability of the remaining provisions contained herein and
              in the
              Guarantee Agreement shall not in any way be affected or impaired thereby
              (it
              being understood that the invalidity of a particular provision in a
              particular
              jurisdiction shall not in and of itself affect the validity of such
              provision in
              any other jurisdiction). The parties hereto shall endeavor in good-faith
              negotiations to replace the invalid, illegal or unenforceable provisions
              with
              valid provisions the economic effect of which comes as close as possible
              to that
              of the invalid, illegal or unenforceable provisions.

                SECTION
              7.  All
              communications and notices hereunder shall be in writing and given
              as provided
              in Section 9.01 of the Credit Agreement.

                SECTION
              8.  The
              New Subsidiary agrees to reimburse the Administrative Agent for its
              reasonable
              and documented out-of-pocket expenses in connection with this Supplement,
              including the reasonable fees, other charges and disbursements of a
              single
              counsel for the Administrative Agent.

                IN
              WITNESS WHEREOF,
              the New Subsidiary and the Administrative Agent have duly executed
              this
              Supplement to the Guarantee Agreement as of the day and year first
              above
              written.

             

            	
                    [Name Of New Subsidiary],

                  
	
                    By

                  
	
                     

                  	
                     

                  
	
                     

                  	
                    Name:

                  
	
                     

                  	
                    Title:

                  

             

             

            	
                    JP MORGAN CHASE BANK, N.A.,
                      as
                      Administrative Agent

                  
	
                    By

                  
	
                     

                  	
                     

                  
	
                     

                  	
                    Name:

                  
	
                     

                  	
                    Title:

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