Document:

exv10w1

 

Exhibit
10.1

 

AMENDED AND RESTATED MULTI-CURRENCY,

MULTI-OPTION CREDIT AGREEMENT

among

HARMAN INTERNATIONAL INDUSTRIES, INCORPORATED,

HARMAN HOLDING GMBH & CO. KG,

The Several Lenders

from Time to Time Parties Hereto

J.P. MORGAN SECURITIES INC.,

as Arranger

JPMORGAN CHASE BANK, N.A.,

as Administrative Agent

HSBC BANK USA, NATIONAL ASSOCIATION,

BAYERISCHE HYPO – UND VEREINSBANK AG, NEW YORK BRANCH,

and

BANK OF TOKYO — MITSUBISHI TRUST COMPANY

as Syndication Agents

Dated as of June 22, 2006

 

 

 

TABLE OF CONTENTS

	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Page	 
	SECTION 1 DEFINITIONS	 	 	2	 
	 
	 	1.1.	 	Defined Terms	 	 	2	 
	 
	 	1.2.	 	Other Definitional Provisions	 	 	20	 
	 
	 	 	 	 	 	 	 	 
	SECTION 2 THE COMMITTED RATE LOANS	 	 	21	 
	 
	 	2.1.	 	Committed Rate Loans	 	 	21	 
	 
	 	2.2.	 	Procedure for Committed Rate Loan Borrowing	 	 	21	 
	 
	 	2.3.	 	Repayment of Committed Rate Loans; Evidence of Debt	 	 	22	 
	 
	 	2.4.	 	Termination or Reduction of Commitments	 	 	22	 
	 
	 	2.5.	 	Optional Prepayments	 	 	22	 
	 
	 	2.6.	 	Conversion and Continuation Options	 	 	23	 
	 
	 	2.7.	 	Minimum Amounts of Tranches	 	 	23	 
	 
	 	2.8.	 	Interest Rates and Payment Dates for Committed Rate Loans	 	 	24	 
	 
	 	2.9.	 	Inability to Determine Interest Rate	 	 	24	 
	 
	 	2.10.	 	Commitment Increases	 	 	24	 
	 
	 	2.11.	 	Substitution of Euro for National Currency	 	 	26	 
	 
	 	2.12.	 	Unavailability of Available Foreign Currency	 	 	26	 
	 
	 	2.13.	 	Separate Obligations	 	 	26	 
	 
	 	 	 	 	 	 	 	 
	SECTION 3 THE COMPETITIVE ADVANCE LOANS	 	 	27	 
	 
	 	3.1.	 	Competitive Advance Loans	 	 	27	 
	 
	 	3.2.	 	Procedure for Competitive Advance Loan Borrowing	 	 	27	 
	 
	 	3.3.	 	Repayment of Competitive Advance Loans; Evidence of Debt	 	 	28	 
	 
	 	3.4.	 	Prepayments	 	 	28	 
	 
	 	 	 	 	 	 	 	 
	SECTION 4 THE LETTERS OF CREDIT	 	 	28	 
	 
	 	4.1.	 	L/C Commitment	 	 	28	 
	 
	 	4.2.	 	Procedure for Issuance of Letters of Credit under this Agreement	 	 	29	 
	 
	 	4.3.	 	Fees, Commissions and Other Charges	 	 	29	 
	 
	 	4.4.	 	L/C Participations	 	 	30	 
	 
	 	4.5.	 	Reimbursement Obligation of the Company	 	 	31	 
	 
	 	4.6.	 	Obligations Absolute	 	 	31	 
	 
	 	4.7.	 	Letter of Credit Payments	 	 	32	 
	 
	 	4.8.	 	Application	 	 	32	 
	 
	 	4.9.	 	Issuance of Letters of Credit Priority for Acceptance of Time Drafts	 	 	32	 
	 
	 	 	 	 	 	 	 	 
	SECTION 5 CERTAIN PROVISIONS APPLICABLE TO THE LOANS AND LETTERS OF CREDIT	 	 	33	 
	 
	 	5.1.	 	Facility Fee	 	 	33	 
	 
	 	5.2.	 	Computation of Interest and Fees	 	 	33	 
	 
	 	5.3.	 	Pro Rata Treatment and Payments	 	 	34	 
	 
	 	5.4.	 	Requirements of Law	 	 	34	 
	 
	 	5.5.	 	Taxes	 	 	36	 

i

 

TABLE OF CONTENTS
(continued)

	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Page	 
	 
	 	5.6.	 	Indemnity	 	 	38	 
	 
	 	5.7.	 	Change of Lending Office	 	 	38	 
	 
	 	5.8.	 	Company Controls on Exposure; Calculation of Exposure; Prepayment if Exposure	 	 	 	 
	 
	 	 	 	Exceeds Commitments	 	 	39	 
	 
	 	5.9.	 	Tax Confirmation	 	 	40	 
	 
	 	 	 	 	 	 	 	 
	SECTION 6 REPRESENTATIONS AND WARRANTIES	 	 	41	 
	 
	 	6.1.	 	Financial Condition	 	 	41	 
	 
	 	6.2.	 	No Change	 	 	41	 
	 
	 	6.3.	 	Corporate Existence; Compliance with Law	 	 	41	 
	 
	 	6.4.	 	Corporate Power; Authorization; Enforceable Obligations	 	 	42	 
	 
	 	6.5.	 	No Legal Bar	 	 	42	 
	 
	 	6.6.	 	No Material Litigation	 	 	42	 
	 
	 	6.7.	 	No Default	 	 	42	 
	 
	 	6.8.	 	Ownership of Real Property; Liens	 	 	43	 
	 
	 	6.9.	 	Intellectual Property	 	 	43	 
	 
	 	6.10.	 	Taxes	 	 	43	 
	 
	 	6.11.	 	Federal Regulations	 	 	43	 
	 
	 	6.12.	 	ERISA	 	 	44	 
	 
	 	6.13.	 	Investment Company Act; Other Regulations	 	 	44	 
	 
	 	6.14.	 	Subsidiaries	 	 	44	 
	 
	 	6.15.	 	Purpose of Loans and Letters of Credit	 	 	44	 
	 
	 	6.16.	 	Accuracy and Completeness of Information	 	 	45	 
	 
	 	6.17.	 	Environmental Matters	 	 	45	 
	 
	 	 	 	 	 	 	 	 
	SECTION 7 CONDITIONS PRECEDENT	 	 	46	 
	 
	 	7.1.	 	Conditions to Initial Extensions of Credit	 	 	46	 
	 
	 	7.2.	 	Conditions to Each Extension of Credit	 	 	47	 
	 
	 	 	 	 	 	 	 	 
	SECTION 8 AFFIRMATIVE COVENANTS	 	 	47	 
	 
	 	8.1.	 	Financial Statements.  Furnish to each Lender:	 	 	48	 
	 
	 	8.2.	 	Certificates; Other Information	 	 	49	 
	 
	 	8.3.	 	Payment of Obligations	 	 	49	 
	 
	 	8.4.	 	Conduct of Business and Maintenance of Existence	 	 	49	 
	 
	 	8.5.	 	Maintenance of Property; Insurance	 	 	49	 
	 
	 	8.6.	 	Inspection of Property; Books and Records; Discussions	 	 	50	 
	 
	 	8.7.	 	Notices	 	 	50	 
	 
	 	8.8.	 	Environmental Laws	 	 	51	 
	 
	 	8.9.	 	Additional Borrower	 	 	51	 
	 
	 	 	 	 	 	 	 	 
	SECTION 9 NEGATIVE COVENANTS	 	 	51	 
	 
	 	9.1.	 	Financial Condition Covenants	 	 	51	 
	 
	 	9.2.	 	Limitation on Indebtedness of Restricted Subsidiaries	 	 	51	 
	 
	 	9.3.	 	Limitation on Liens	 	 	53	 
	 
	 	9.4.	 	Limitation on Fundamental Changes	 	 	56	 
	 
	 	9.5.	 	Limitation on Sale of Assets	 	 	57	 

ii

 

TABLE OF CONTENTS
(continued)

	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Page	 
	 
	 	9.6.	 	Limitation on Restricted Payments	 	 	59	 
	 
	 	9.7.	 	Limitation on Investments	 	 	59	 
	 
	 	9.8.	 	Limitation on Transactions with Affiliates	 	 	60	 
	 
	 	9.9.	 	Limitation on Sales and Leasebacks	 	 	60	 
	 
	 	9.10.	 	Limitation on Changes in Fiscal Year	 	 	60	 
	 
	 	9.11.	 	Limitation on Material Guarantee
Obligations in respect of Indebtedness of Subsidiaries other than Restricted Subsidiaries	 	 	61	 
	 
	 	9.12.	 	Limitation on Subsidiaries other than Restricted Subsidiaries	 	 	61	 
	 
	 	 	 	 	 	 	 	 
	SECTION 10 EVENTS OF DEFAULT	 	 	61	 
	 
	 	 	 	 	 	 	 	 
	SECTION 11 THE ADMINISTRATIVE AGENT AND THE ARRANGER	 	 	63	 
	 
	 	11.1.	 	Appointment	 	 	63	 
	 
	 	11.2.	 	Delegation of Duties	 	 	64	 
	 
	 	11.3.	 	Exculpatory Provisions	 	 	64	 
	 
	 	11.4.	 	Reliance by Administrative Agent	 	 	64	 
	 
	 	11.5.	 	Notice of Default	 	 	64	 
	 
	 	11.6.	 	Non-Reliance on Administrative Agent and Other Lenders	 	 	65	 
	 
	 	11.7.	 	Indemnification	 	 	65	 
	 
	 	11.8.	 	Administrative Agent in Its Individual Capacity	 	 	66	 
	 
	 	11.9.	 	Successor Administrative Agent	 	 	66	 
	 
	 	11.10.	 	The Arranger	 	 	66	 
	 
	 	 	 	 	 	 	 	 
	SECTION 12 MISCELLANEOUS	 	 	66	 
	 
	 	12.1.	 	Amendments and Waivers Generally; Amendments to Schedule	 	 	66	 
	 
	 	12.2.	 	Notices	 	 	69	 
	 
	 	12.3.	 	No Waiver; Cumulative Remedies	 	 	71	 
	 
	 	12.4.	 	Survival of Representations and Warranties	 	 	71	 
	 
	 	12.5.	 	Payment of Expenses and Taxes	 	 	71	 
	 
	 	12.6.	 	Successors and Assigns; Participations and Assignments	 	 	72	 
	 
	 	12.7.	 	Adjustments; Set-off	 	 	74	 
	 
	 	12.8.	 	Judgment	 	 	75	 
	 
	 	12.9.	 	Counterparts	 	 	76	 
	 
	 	12.10.	 	Severability	 	 	76	 
	 
	 	12.11.	 	Integration	 	 	76	 
	 
	 	12.12.	 	GOVERNING LAW	 	 	76	 
	 
	 	12.13.	 	Submission to Jurisdiction; Waivers	 	 	76	 
	 
	 	12.14.	 	Acknowledgements	 	 	77	 
	 
	 	12.15.	 	WAIVERS OF JURY TRIAL	 	 	77	 
	 
	 	12.16.	 	Confidentiality	 	 	77	 
	 
	 	12.17.	 	Patriot Act	 	 	78	 

iii

 

SCHEDULES

	 	 	 
	Schedule I:

	 	Lenders and Commitments
	Schedule II:

	 	Administrative Schedule
	Schedule III:

	 	Existing Letters of Credit
	Schedule IV:

	 	Restricted Subsidiaries
	Schedule V:

	 	Issuing Banks
	Schedule 6.14:

	 	Subsidiaries
	Schedule 9.2:

	 	Existing Indebtedness and Liens
	Schedule 9.7:

	 	Existing Investments

EXHIBITS

	 	 	 
	Exhibit A:

	 	Schedule Amendment
	Exhibit B:

	 	Form of Borrowing Certificate
	Exhibit C:

	 	Form of Competitive Bid Notice
	Exhibit D:

	 	Form of Competitive Bid Request
	Exhibit E:

	 	Form of Notice of Borrowing
	Exhibit F:

	 	Form of Notice of Competitive Advance Loan
	Exhibit G:

	 	Form of Notice of Continuation/Conversion
	Exhibit H:

	 	Assignment and Acceptance
	Exhibit I-1:

	 	Opinion of Jones Day (U.S. Law Matters)
	Exhibit I-2:

	 	Opinion of General Counsel
	Exhibit I-3:

	 	Opinion of Jones Day (German Law Matters)
	Exhibit J:

	 	New Lender Supplement
	Exhibit K:

	 	Commitment Increase Supplement
	Exhibit L:

	 	Form of Exemption Certificate
	Exhibit M

	 	Form of Tax Confirmation Certificate

iv

 

     AMENDED AND RESTATED MULTI-CURRENCY, MULTI-OPTION CREDIT AGREEMENT, dated as of June 22, 2006,
among:

     (i) HARMAN INTERNATIONAL INDUSTRIES, INCORPORATED, a Delaware corporation (the
“Company”);

     (ii) HARMAN HOLDING GMBH & CO. KG, a company organized under the laws of Germany;

     (iii) the several banks and other financial institutions from time to time parties to
this Agreement (each, a “Lender”; and collectively, the “Lenders”);

     (iv) HSBC BANK USA, NATIONAL ASSOCIATION, BAYERISCHE HYPO – UND VEREINSBANK AG, NEW
YORK BRANCH, and BANK OF TOKYO – MITSUBISHI TRUST COMPANY, as the Syndication Agents (the
“Syndication Agents”);

     (v) J.P. MORGAN SECURITIES INC., as Arranger (the “Arranger”); and

     (vi) JPMORGAN CHASE BANK, N.A., as administrative agent for the Lenders hereunder (and
its successors in such capacity, the “Administrative Agent”).

WITNESSETH:

     WHEREAS, the Company is party to that certain Multi-Currency, Multi-Option Credit Agreement,
dated as of June 28, 2005 (the “Existing Credit Agreement”), among the Company, the several
banks and other financial institutions from time to time parties thereto, HSBC Bank USA, National
Association, Bayerische Hypo — und Vereinsbank AG, New York Branch and Bank of Tokyo-Mitsubishi
Trust Company, as syndication agents, J.P. Morgan Securities Inc., as arranger, and JPMorgan Chase
Bank, N.A., as administrative agent;

     WHEREAS, the parties hereto have agreed to amend and restate the Existing Credit Agreement as
provided in this Agreement to, among other things, add Harman Holding GmbH & Co. KG, a company
organized under the laws of Germany, as a new and additional borrower; and

     WHEREAS, it is the intent of the parties hereto, and the parties hereto agree that (x) this
Agreement shall not constitute a novation of the obligations and liabilities existing under the
Existing Credit Agreement or evidence repayment of any of such obligations or liabilities and (y)
this Agreement shall amend and restate in its entirety the Existing Credit Agreement;

     NOW, THEREFORE, in consideration of the premises and the mutual agreements herein contained,
the parties hereto hereby agree that on the date hereof, subject to the satisfaction of the
conditions precedent set forth in Section 7.1 hereof, the Existing Credit Agreement shall be, and
hereby is, amended and restated in its entirety as follows:

 

 

SECTION 1

DEFINITIONS

     1.1. Defined Terms. As used in this Agreement, the following terms shall have the
following meanings:

     “ABR”: for any day, a rate per annum equal to the greatest of (a) the Prime Rate in
effect on such day, (b) the Base CD Rate in effect on such day plus 1% and (c) the Federal Funds
Effective Rate in effect on such day plus 1/2 of 1%. Any change in the ABR due to a change in the
Prime Rate, the Base CD Rate or the Federal Funds Effective Rate shall be effective from and
including the effective date of such change in the Prime Rate, the Base CD Rate or the Federal
Funds Effective Rate, respectively.

     “ABR Loans”: Loans in Dollars bearing interest based upon the ABR.

     “Acquisition”: means any transaction or series of related transactions for the
purpose of, or resulting in, directly or indirectly, (a) the acquisition by the Company or any
Restricted Subsidiary of all or substantially all of the assets of a Person or of any business or
division of a Person or (b) the acquisition by the Company or any Restricted Subsidiary of more
than 50% of any class of Voting Stock (or similar ownership interests) of any Person.

     “Additional Borrower”: Harman Holding GmbH & Co. KG, a company organized under the
laws of Germany and a wholly owned Subsidiary of the Company.

     “Additional Borrower Obligations”: the unpaid principal of and interest on the Loans
made to the Additional Borrower and all other financial liabilities of the Additional Borrower to
the Administrative Agent or any Lender (including, without limitation, interest accruing after the
maturity or earlier acceleration of the Loans to the Additional Borrower and interest accruing at
the then-applicable rate provided in this Agreement after the filing of any petition in bankruptcy,
or the commencement of any insolvency, reorganization or like proceeding, relating to the
Additional Borrower, whether or not a claim for post-filing or post petition interest is allowed in
such proceeding), whether direct or indirect, absolute or contingent, due or become due, now
existing or hereafter incurred, which may arise under, out of, or in connection with, this
Agreement, the Loans made to the Additional Borrower, or any other document made, delivered or
given in connection therewith, in each case whether on account of principal, interest, indemnities,
cost, expenses (including, without limitation, all fees and disbursements of counsel to the
Administrative Agent or any Lender) or otherwise.

     “Additional Borrower Percentage”: as of the Restatement Effective Date, with respect
to the Additional Borrower, 66 2/3%; provided, that upon written notice by the
Borrowers to the Administrative Agent, such percentage (a) may be increased and/or decreased from
time to time and at any time by the Borrowers, and (b) as of the effective date for any such
increase or decrease specified by the Borrowers in the applicable notice thereof, shall be the
percentage so specified.

2

 

     “Adjusted Eurocurrency Rate”: with respect to any Eurocurrency Loan for any Interest
Period, an interest rate per annum (rounded upwards, if necessary, to the next 1/100 of 1%) equal
to (a) the Eurocurrency Rate for such Interest Period multiplied by (b) the Statutory Reserve Rate.

     “Administrative Schedule”: Schedule II to this Agreement, which contains interest
rate definitions and administrative information in respect of each Currency and each Type of Loan.

     “Affiliate”: as to any Person, any other Person (other than a Subsidiary) which,
directly or indirectly, is in control of, is controlled by, or is under common control with, such
Person. For purposes of this definition, “control” of a Person means the power, directly or
indirectly, either to (a) vote 20% or more of the securities having ordinary voting power for the
election of directors of such Person or (b) direct or cause the direction of the management and
policies of such Person, whether by contract or otherwise.

     “Agreement”: this Multi-Currency, Multi-Option Credit Agreement, as amended,
supplemented or otherwise modified from time to time.

     “Agreement Currency”: as defined in subsection 12.8(b).

     “Applicable Margin”: for each day during each Interest Period in respect of any
Eurocurrency Loan, the margin per annum set forth below opposite the applicable Ratings category in
effect on such day:

	 	 	 	 	 
	Pricing Level	 	Ratings	 	Applicable Margin
	(from highest to lowest)	 	(S&P/Moody’s)	 	(basis points)
	1
	 	A- or A3 or higher	 	37.0
	2
	 	BBB+ or Baa1	 	40.0
	3
	 	BBB or Baa2	 	50.0
	4
	 	BBB- or Baa3	 	60.0
	5
	 	BB+ or Ba1	 	70.0
	6
	 	Lower than BB+ or Ba1	 	90.0

     For purposes of the foregoing: (a) if the Rating issued by Moody’s and the Rating issued by
S&P shall fall within different Pricing Levels (but not more than one (1) Pricing Level apart),
then the Applicable Margin shall be determined by reference to the higher Pricing Level (e.g., if
the Rating issued by S&P is in Pricing Level 1 and the Rating issued by Moody’s is in Pricing Level
2, then the Applicable Margin shall be determined by reference to Pricing Level 1); (b) if the
Rating issued by Moody’s and the Rating issued by S&P shall fall within different Pricing Levels
(and by more than one (1) Pricing Level apart), then the Applicable Margin shall be determined by
reference to the Pricing Level that is one (1) Pricing Level higher than the lower Pricing Level
(e.g., if the Rating issued by S&P is in Pricing Level 1 and the Rating issued by

3

 

Moody’s is in Pricing Level 4, then the Applicable Margin shall be determined by reference to
Pricing Level 3); (c) if either Moody’s or S&P shall not have in effect a Rating (other than by
reason of the circumstances referred to in the last sentence of this paragraph), then such rating
agency shall be deemed to have established a rating in Pricing Level 6; and (d) if either Moody’s
or S&P no longer publishes ratings and the Company and the Administrative Agent cannot agree on
another ratings agency to replace Moody’s or S&P, as the case may be, then the Rating issued by
Moody’s or the Rating issued by S&P which is still being published, as the case may be, shall be
deemed to be the Rating. If the rating system of Moody’s or S&P shall change, or if either such
rating agency shall cease to be in the business of rating corporate debt obligations, the Company
and the Lenders shall negotiate in good faith to amend this definition to reflect such changed
rating system or the unavailability of ratings from such rating agency and pending the
effectiveness of any such amendment, the Applicable Margin shall be determined by reference to the
rating most recently in effect prior to such change or cessation.

     “Applicable Percentage”: an individual reference to, with respect to the Company, the
Company Percentage or, with respect to the Additional Borrower, the Additional Borrower Percentage,
but not a collective reference to both the Company Percentage and the Additional Borrower
Percentage.

     “Application”: in respect of each Letter of Credit issued by an Issuing Bank, an
application, in such form as such Issuing Bank may specify from time to time, requesting issuance
of such Letter of Credit.

     “Assessment Rate”: for any day as applied to any ABR Loan, the annual assessment rate
in effect on such day that is payable by a member of the Bank Insurance Fund maintained by the
Federal Deposit Insurance Corporation (the “FDIC”) and classified as “well-capitalized” and
within supervisory subgroup “A” (or a comparable successor risk classification) within the meaning
of 12 C.F.R. Part 327 (or any successor provision) to the FDIC (or any successor) for the FDIC’s
(or such successor’s) insuring of time deposits made in dollars at the offices of such member in
the United States; provided that if, as a result of any change in any law, rule or
regulation, it is no longer possible to determine the Assessment Rate as aforesaid, then the
Assessment Rate shall be such annual rate as shall be determined by the Administrative Agent to be
representative of the cost of such insurance to the Lenders.

     “Assignee”: as defined in subsection 12.6(c).

     “Assignment and Acceptance”: such Assignment and Acceptance, substantially in the
form of Exhibit H hereto, executed and delivered pursuant to subsection 12.6(c).

     “Available Foreign Currencies”: euro, Pounds Sterling, Danish Kroner, Japanese Yen,
Swedish Krona, Swiss Francs, Hong Kong Dollars, Canadian Dollars, Singapore Dollars, and any other
available and freely-convertible foreign currency selected by the Company and approved by the
Administrative Agent in the manner described in subsection 12.1(b).

     “Base CD Rate”: the sum of (a) the Three-Month Secondary CD Rate multiplied by the
Statutory Reserve Rate plus (b) the Assessment Rate.

4

 

     “Board”: the Board of Governors of the Federal Reserve System of the United States
(or any successor).

     “Borrower”: an individual reference to the Company or the Additional Borrower, but
not a collective reference to both the Company and the Additional Borrower.

     “Borrowers”: a collective reference to both the Company and the Additional Borrower.

     “Borrowing Date”: any Business Day on which a Loan is to be made at the request of a
Borrower under this Agreement.

     “Business”: as defined in subsection 6.17.

     “Business Day”: (a) when such term is used in respect of any amounts denominated or
to be denominated in (i) any Available Foreign Currency, a London Banking Day which is also a day
on which banks are open for general banking business in (x) the city which is the principal
financial center of the country of issuance of such Available Foreign Currency, (y) in the case of
euro only, Frankfurt am Main, Germany (or such other principal financial center as the
Administrative Agent may from time to time nominate for this purpose) and (z) New York City and
(ii) Dollars, (x) in the case of a Eurocurrency Loan, any fundings, disbursements, payments and
settlements in respect of any such Eurocurrency Loan, or any other dealings to be carried out
pursuant to any Loan Document in respect of any such Eurocurrency Loan, a London Banking Day which
is also a day other than a Saturday or Sunday on which banks are open for general banking business
in New York City, and (y) in the case of an ABR Loan, any fundings, disbursements, payments and
settlements in respect of any such Eurocurrency Loan, or any other dealings to be carried out
pursuant to any Loan Document in respect of any such ABR Loan, a day other than a Saturday or
Sunday on which banks are open for general banking business in New York City, (b) when such term is
used for the purpose of determining the date on which the Eurocurrency Rate is determined under
this Agreement for any Loan denominated in euro for any Interest Period therefor and for purposes
of determining the first and last day of any Interest Period, references in this Agreement to
Business Days shall be deemed to be references to Target Operating Days and (c) when such term is
used to describe a day on which a request is to be made to an Issuing Bank for issuance of a Letter
of Credit or on which a Letter of Credit is to be issued, such term shall mean a day other than a
Saturday, Sunday or other day on which commercial banks in the city in which such Issuing Bank’s
Issuing Office is located.

     “Canadian Dollars”: the lawful currency of Canada.

     “Capital Stock”: any and all shares, interests, participations or other equivalents
(however designated) of capital stock of a corporation, any and all equivalent ownership interests
in a Person (other than a corporation) and any and all warrants or options to purchase any of the
foregoing.

     “Cash Equivalents”: (a) marketable direct obligations with maturities of one year or
less from the date of acquisition issued by or fully guaranteed or insured by (i) the United States
Government or any agency or instrumentality thereof or (ii) any member state of the European Union;
(b) marketable general obligations issued or fully guaranteed by any state, commonwealth or
territory of the United States of America or any political subdivision, agency

5

 

or taxing authority of any such state, commonwealth or territory or any public instrumentality
thereof or any other foreign government or any agency or instrumentality thereof maturing within
one year from the date of acquisition thereof and, at the time of acquisition, which are rated at
least A- by S&P or A-1 by Moody’s; (c) certificates of deposit, time deposits, eurodollar time
deposits, overnight bank deposits, bankers’ acceptances and repurchase agreements having maturities
of one year or less from the date of acquisition issued, and money market deposit accounts issued
or offered, by any Lender or by any commercial bank organized under the laws of the United States
of America or any state thereof or foreign commercial bank of recognized standing having combined
capital and surplus of not less than $100,000,000 or any bank (or the parent company of any such
bank) whose short-term commercial paper rating from S&P is at least A-1 or from Moody’s is at least
P-2 or an equivalent rating from another rating agency; (d) commercial paper of an issuer rated at
least A-1 by S&P or P-1 by Moody’s, or carrying an equivalent rating by a nationally recognized
rating agency, if both of the two named rating agencies cease publishing ratings of investments,
and, in either case, maturing within one year from the date of acquisition; (e) repurchase
obligations of any Lender or of any commercial bank satisfying the requirements of clause (c) of
this definition, having a term of not more than 30 days, with respect to notes or other securities
described in clause (a) of this definition; (f) any notes or other debt securities or instruments
issued by any Person, (i) the payment and performance of which is premised upon (A) securities
issued by any state, commonwealth or territory of the United States of America or any political
subdivision or taxing authority of such state, commonwealth or territory or any public
instrumentality or agency thereof or any foreign government or (B) loans originated or acquired by
any other Person pursuant to a plan or program established by any Governmental Authority that
requires the payment of not less than 95% of the outstanding principal amount of such loans to be
guaranteed by (1) a specified Governmental Authority or (2) any other Person (provided that
all or substantially all of such guarantee payments made by such Person are contractually required
to be reimbursed by any other Governmental Authority), (ii) that are rated at least AAA by S&P and
Aaa by Moody’s and (iii) which are disposed of by the Company or any Restricted Subsidiary within
one (1) year after the date of acquisition thereof; (g) shares of money market, mutual or similar
funds that (i) invest in assets satisfying the requirements of clauses (a) through (f) (or any of
such clauses) of this definition, and (ii) have portfolio assets of at least $1,000,000,000; (h)
any other Investment which constitutes a “cash equivalent” under GAAP as in effect from time to
time; and (i) any other notes, securities or other instruments or deposit-based products consented
to in writing by the Administrative Agent.

     “Change of Control”: an event or series of related events by which (i) any “person”
or “group” (as such terms are defined in Sections 13(d) and 14(d) of the Securities Exchange Act of
1934, as amended), other than the Permitted Investor, is or becomes the “beneficial owner” (as
defined in Rules 13d-3 and 13d-5 under the Exchange Act, except that a Person shall be deemed to
have “beneficial ownership” of all shares that any such Person has the right to acquire without
condition, other than passage of time, whether such right is exercisable immediately or only after
the passage of time), directly or indirectly, of more than 50% of the total voting power of the
then outstanding Voting Stock of the Company or (ii) the Company consolidates with or merges into
another corporation or conveys, transfers or leases all or substantially all of its properties and
assets (determined on a consolidated basis for the Company and its Subsidiaries taken as a whole)
to any Person; provided, however, that notwithstanding anything to the contrary in this
definition, transfer of beneficial ownership of shares held by the Permitted Investor upon the

6

 

death of the Permitted Investor to the heirs and devisees of the Permitted Investor shall not
constitute a Change of Control.

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

     “Commercial Letter of Credit”: as defined in subsection 4.1(b).

     “Commitment”: as to any Lender, the obligation of such Lender to make and/or acquire
participating interests in Loans and issue and/or acquire participating interests in Letters of
Credit hereunder in an aggregate Dollar Equivalent Amount at any one time outstanding not to exceed
the amount set forth opposite such Lender’s name on Schedule I, as such amount may be
changed from time to time in accordance with the provisions of this Agreement.

     “Commitment Increase Notice”: as defined in subsection 2.10(a).

     “Commitment Percentage”: as to any Lender at any time, the percentage which such
Lender’s Commitment then constitutes of the aggregate Commitments (or, at any time after the
Commitments shall have expired or terminated, the percentage which the amount of such Lender’s
Exposure then outstanding constitutes of the aggregate amount of the Exposure of all the Lenders
then outstanding).

     “Commitment Period”: the period from and including the Restatement Effective Date to
but not including the Termination Date or such earlier date on which the Commitments shall
terminate as provided herein.

     “Committed Rate Loan”: as defined in subsection 2.1; a Committed Rate Loan bearing
interest based upon the ABR shall be a “Committed Rate ABR Loan”, and a Committed Rate Loan
bearing interest based upon the Eurocurrency Rate shall be a “Committed Rate Eurocurrency
Loan”.

     “Commonly Controlled Entity”: any entity which is under common control with the
Company within the meaning of Section 4001(a)(14) of ERISA or is part of a group which includes the
Company and which is treated as a single employer under Section 414(b) or (c) of the Code or, for
purposes of Section 412 of the Code, Section 414(m) or (o) of the Code.

     “Company Obligations”: the unpaid principal of and interest on the Loans made to the
Company, all Reimbursement Obligations in respect of Letters of Credit issued for the account of
the Company and all other financial liabilities of the Company to the Administrative Agent, any
Issuing Bank or any Lender (including, without limitation, interest accruing after the maturity or
earlier acceleration of the Loans and interest accruing at the then-applicable rate provided in
this Agreement after the filing of any petition in bankruptcy, or the commencement of any
insolvency, reorganization or like proceeding, relating to the Company, whether or not a claim for
post-filing or post petition interest is allowed in such proceeding), whether direct or indirect,
absolute or contingent, due or to become due, now existing or hereafter incurred, which may arise
under, out of, or in connection with, this Agreement, the Loans made to the Company, the Letters of
Credit, or any other document made, delivered or given in connection therewith, in each case
whether on account of principal, interest, reimbursement obligations, fees, indemnities,

7

 

costs, expenses (including, without limitation, all fees and disbursements of counsel to the
Administrative Agent, any Issuing Bank or any Lender) or otherwise.

     “Company Percentage”: as of the Restatement Effective Date, with respect to the
Company, 33 1/3%; provided, that upon written notice by the Borrowers to the
Administrative Agent, such percentage (a) may be increased and/or decreased from time to time and
at any time by the Borrowers, and (b) as of the effective date for any such increase or decrease
specified by the Borrowers in the applicable notice thereof, shall be the percentage so specified.

     “Competitive Advance Loan”: as defined in subsection 3.1.

     “Competitive Bid Notice”: a notice in substantially the form of Exhibit C
hereto.

     “Competitive Bid Request”: a notice in substantially the form of Exhibit D
hereto.

     “Consolidated Capitalization”: at any date, the sum of (i) Consolidated Tangible Net
Worth and (ii) Consolidated Total Debt.

     “Consolidated EBITDA”: for any period, Consolidated Net Income for such period,
plus, to the extent reflected as a charge in the statement of such Consolidated Net Income
for such period, the sum of (a) taxes, (b) interest, (c) amortization or write-off of debt discount
and debt issuance costs and commissions, discounts and other fees and charges associated with
Indebtedness (including the Loans), (d) depreciation and amortization, (e) amortization of
intangibles (including but not limited to goodwill) and organization costs, (f) any extraordinary,
unusual or non-recurring expenses or losses (including, whether or not otherwise includable as a
separate item in the statement of such Consolidated Net Income for such period, non-cash losses on
Dispositions outside the ordinary course of business) and (g) any other non-cash charges, and
minus, to the extent included in determining Consolidated Net Income for such period, any
extraordinary, unusual or non-recurring income or gains (including, whether or not otherwise
includable as a separate item in the statement of Consolidated Net Income for such period, gains on
Dispositions outside of the ordinary course of business).

     “Consolidated Interest Expense”: for any period, the amount of interest expense with
respect to all Indebtedness for borrowed money of the Company and its consolidated Subsidiaries to
the extent deducted in determining Consolidated Net Income for such period in accordance with GAAP
(excluding amortization of debt discount and premium).

     “Consolidated Net Income”: for any period, the net income of the Company and its
Subsidiaries for such period, determined on a consolidated basis in accordance with GAAP.

     “Consolidated Tangible Net Worth”: at any time, (a) the consolidated common and
preferred stockholders’ equity of the Company and its consolidated Subsidiaries at such time
delivered pursuant to subsection 8.1(b) plus (b) the cumulative amount by which
stockholders’ equity of any such Person shall have been reduced by reason of non-cash write-downs
of long-term assets from and after the Initial Closing Date minus (c) the cumulative amount
by which stockholders’ equity of any such Person shall have been increased by reason of non-cash
write-ups of long-term assets from and after the Initial Closing Date.

8

 

     “Consolidated Total Assets”: at any date, the aggregate amount of the assets of the
Company and its consolidated Subsidiaries at such date, determined on a consolidated basis in
accordance with GAAP.

     “Consolidated Total Debt”: at any date, without duplication, the aggregate principal
amount of all Indebtedness (including the current portion thereof) of the Company and its
consolidated Subsidiaries at such date (but excluding (x) any Indebtedness owing by (A) the
Company to any Subsidiary and (B) any Subsidiary to the Company or any other Subsidiary and (y)
Guarantee Obligations (except to such extent any amounts are due and payable at such date)),
determined on a consolidated basis in accordance with GAAP.

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

     “Credit Re-Allocation Date”: as defined in subsection 2.10(d).

     “Currencies”: the collective reference to Dollars and the Available Foreign
Currencies.

     “Decrees”: as defined in subsection 5.9(a).

     “Danish Kroner”: the lawful currency of Denmark.

     “Default”: any event or condition that upon notice, the lapse of time, or both, would
constitute an Event of Default.

     “Disposition” has the meaning specified in subsection 9.5.

     “Dollar Equivalent Amount”: with respect to the amount of any Available Foreign
Currency on any date, the equivalent amount in Dollars of such amount of Available Foreign
Currency, as determined by the Administrative Agent on such date using the Exchange Rate.

     “Dollars” and “$”: dollars in lawful currency of the United States of
America.

     “EMU”: Economic and Monetary Union as contemplated in the Treaty on European Union.

     “EMU Legislation”: the legislative measures of the European Council (including
European Council regulations) for the introduction of, changeover to or operation of a single or
unified European currency (whether known as the euro or otherwise), being in part the
implementation of the third stage of EMU.

     “Environmental Laws”: any and all material, foreign, Federal, state, local or
municipal laws, rules, orders, regulations, statutes, ordinances, codes, decrees, enforceable
requirements of any Governmental Authority or other Requirements of Law (including common law)
regulating, relating to or imposing liability or standards of conduct concerning protection of
human health or the environment, as now or may at any time hereafter be in effect, in each case
that is applicable to the Company or any of its Subsidiaries.

9

 

     “ERISA”: the Employee Retirement Income Security Act of 1974, as amended from time to
time.

     “euro”: the single currency of Participating Member States of the European Union in
accordance with the EMU Legislation.

     “Eurocurrency Loan”: any Loan bearing interest based upon a Eurocurrency Rate.

     “Eurocurrency Rate”: in respect of each Currency, the rate determined as the
Eurocurrency Rate for such Currency in the manner set forth in the Administrative Schedule.

     “Event
of Default”: any of the events specified in Section 10,
provided that any
requirement for the giving of notice, the lapse of time, or both, or any other condition, has been
satisfied.

     “Exchange Rate”: with respect to any Available Foreign Currency on any date, the rate
at which such Available Foreign Currency may be exchanged into Dollars, as set forth on such date
on the applicable Reuters currency page with respect to such currency at or about 11:00 A.M. London
time on such date. In the event that such rate does not appear on the applicable Reuters currency
page, the “Exchange Rate” with respect to such Available Foreign Currency shall be determined by
reference to such other publicly available service for displaying exchange rates as may be agreed
upon by the Administrative Agent and the Company or, in the absence of such agreement, such
“Exchange Rate” shall instead be the Administrative Agent’s spot rate of exchange in the London
interbank market or other market where its foreign currency exchange operations in respect of such
Available Foreign Currency are then being conducted, at or about 10:00 A.M., local time, at such
date for the purchase of Dollars with such Available Foreign Currency, for delivery two Business
Days later; provided, that if at the time of any such determination, no such spot rate can
reasonably be quoted, the Administrative Agent may in consultation with the Company use any
reasonable method as it deems applicable to determine such rate, and such determination shall be
conclusive absent manifest error.

     “Excluded Taxes” means, with respect to the Administrative Agent, any Lender, any
Issuing Bank or any other recipient of any payment to be made by or on account of any obligation of
a Borrower hereunder, (a) taxes imposed on or measured by its overall net income (however
denominated), and franchise taxes imposed on it (in lieu of net income taxes), by the jurisdiction
(or any political subdivision thereof) under the laws of which such recipient is organized or in
which its principal office is located or, in the case of any Lender, in which its applicable
lending office is located, (b) any branch profits taxes imposed by the United States of America or
any similar tax imposed by any other jurisdiction in which a Borrower is located and (c) in the
case of a Non-U.S. Lender, any withholding tax that is imposed on amounts payable to such Non-U.S.
Lender at the time such Non-U.S. Lender becomes a party hereto (or designates a new lending office)
or is attributable to such Non-U.S. Lender’s failure or inability to comply with subsection 5.5,
except to the extent that such Non-U.S. 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 a
Borrower with respect to such withholding tax pursuant to subsection 5.5.

10

 

     “Exposure”: at any date, the aggregate Dollar Equivalent Amount of (a) all Loans then
outstanding and (b) all L/C Obligations then outstanding.

     “Extensions of Credit”: the collective reference to Loans made and Letters of Credit
issued under this Agreement.

     “Facility Fee Rate”: for each day during each fiscal quarter of the Company, the rate
per annum set forth below opposite the applicable Ratings category in effect during the immediately
preceding fiscal quarter:

	 	 	 	 	 
	Pricing Level	 	Ratings	 	Facility Fee
	(from highest to lowest)	 	(S&P/Moody’s)	 	(basis points)
	1
	 	A- or A3 or higher	 	8.0
	2
	 	BBB+ or Baa1	 	10.0
	3
	 	BBB or Baa2	 	12.5
	4
	 	BBB- or Baa3	 	15.0
	5
	 	BB+ or Ba1	 	17.5
	6
	 	Lower than BB+ or Ba1	 	22.5

     For purposes of the foregoing: (a) if the Rating issued by Moody’s and the Rating issued by
S&P shall fall within different Pricing Levels (but not more than one (1) Pricing Level apart),
then the Facility Fee shall be determined by reference to the higher Pricing Level (e.g., if the
Rating issued by S&P is in Pricing Level 1 and the Rating issued by Moody’s is in Pricing Level 2,
then the Facility Fee shall be determined by reference to Pricing Level 1); (b) if the Rating
issued by Moody’s and the Rating issued by S&P shall fall within different Pricing Levels (and by
more than one (1) Pricing Level apart), then the Facility Fee shall be determined by reference to
the Pricing Level that is one (1) Pricing Level higher than the lower Pricing Level (e.g., if the
Rating issued by S&P is in Pricing Level 1 and the Rating issued by Moody’s is in Pricing Level 4,
then the Facility Fee shall be determined by reference to Pricing Level 3); (c) if either Moody’s
or S&P shall not have in effect a Rating (other than by reason of the circumstances referred to in
the last sentence of this paragraph), then such rating agency shall be deemed to have established a
rating in Pricing Level 6; and (d) if either Moody’s or S&P no longer publishes ratings and the
Company and the Administrative Agent cannot agree on another ratings agency to replace Moody’s or
S&P, as the case may be, then the Rating issued by Moody’s or the Rating issued by S&P which is
still being published, as the case may be, shall be deemed to be the Rating. If the rating system
of Moody’s or S&P shall change, or if either such rating agency shall cease to be in the business
of rating corporate debt obligations, the Company and the Lenders shall negotiate in good faith to
amend this definition to reflect such changed rating system or the unavailability of ratings from
such rating agency and pending the effectiveness of any such amendment, the Facility Fee shall be
determined by reference to the rating most recently in effect prior to such change or cessation.

11

 

     “Federal Funds Effective Rate”: for any day, the rate of interest per annum (rounded
upwards, if necessary, to the next 1/100 of 1%) of the weighted average of the rates on overnight
Federal funds transactions with members of the Federal Reserve System arranged by Federal funds
brokers, as published 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.

     “Fee Letter”: the letter agreement, dated May 13, 2005, among the Company, J.P.
Morgan Securities Inc. and JPMorgan Chase Bank, N.A., as amended by the letter agreement, dated
June 22, 2006, among the Company, the Additional Borrower, J.P. Morgan Securities Inc. and JPMorgan
Chase Bank, N.A.

     “Funding Office”: for each Type of Loan and each Currency, the Funding Office set
forth in respect thereof in the Administrative Schedule.

     “Funding Time”: for each Type of Loan and each Currency, the Funding Time set forth
in respect thereof in the Administrative Schedule.

     “GAAP”: generally accepted accounting principles in the United States of America in
effect from time to time.

     “Governmental Authority”: any nation or government, any state or other political
subdivision thereof and any entity exercising applicable executive, legislative, judicial,
regulatory or administrative functions of or pertaining to government.

     “Guarantee”: the Guarantee, dated as of June 22, 2006, made by the Company in favor
of the Administrative Agent, on behalf of the Lenders, as amended, modified or supplemented from
time to time.

     “Guarantee Obligation”: as to any Person, any obligation, contingent or otherwise of
such Person guaranteeing any Indebtedness of any other third Person (the “primary obligor”)
in any manner, whether directly or indirectly, and including, without limitation, any obligation of
the guaranteeing Person (i) to purchase any such Indebtedness or any property constituting direct
or indirect security therefor, (ii) to advance or supply funds (1) for the purchase or payment of
any such Indebtedness or (2) to maintain working capital or equity capital of the primary obligor
or otherwise to maintain the net worth or solvency of the primary obligor so as to enable such
primary obligor to pay such Indebtedness, (iii) to purchase property, securities or services for
the purpose of assuring the owner of any such Indebtedness of the ability of the primary obligor to
make payment of such Indebtedness or (iv) otherwise to protect the owner of any such Indebtedness
against loss in respect thereof; provided, however, that the term Guarantee
Obligation shall not include (x) any liability by endorsement of instruments for deposit or
collection or similar transactions in the ordinary course of business, (y) indemnification
obligations of the Company or any of its Subsidiaries entered into in the ordinary course of
business or (z) obligations of the Company or any of its Subsidiaries under arrangements entered
into in the ordinary course of business whereby the Company or such Subsidiary sells goods or

12

 

inventory to other Persons under agreements obligating the Company or such Subsidiary to
repurchase such goods or inventory, at a price not exceeding the original sale price, upon the
occurrence of certain specified events. The amount of any Guarantee Obligation of any guaranteeing
Person at any time shall be deemed to be the lower of (a) an amount equal to the stated or
determinable amount of the Indebtedness in respect of which such Guarantee Obligation is made at
such time and (b) the maximum amount for which such guaranteeing Person may be liable pursuant to
the terms of the instrument embodying such Guarantee Obligation at such time, unless such
Indebtedness and such maximum amount for which such guaranteeing Person may be liable are not
stated or determinable, in which case the amount of such Guarantee Obligation shall be such
guaranteeing Person’s maximum reasonably anticipated liability in respect thereof as determined by
the Company in good faith at such time; provided, however, that for purposes of
this definition the liability of the guaranteeing Person with respect to any obligation as to which
a third Person or Persons are jointly or jointly and severally liable as a guarantor or otherwise
as contemplated hereby and have not defaulted on its or their portions thereof shall be only as to
its pro rata portion of such obligation.

     “Hong Kong Dollars”: the lawful currency of Hong Kong.

     “Indebtedness”: of any Person at any date, without duplication, all indebtedness of
such Person (other than current trade liabilities and indemnification obligations incurred in the
ordinary course of business), as reflected on the balance sheet of such Person prepared in
accordance with GAAP and all Guarantee Obligations of such Person, except that where such
indebtedness or Guarantee Obligation of such Person is made jointly, or jointly and severally, with
any third party or parties other than any consolidated Subsidiary of such Person, the amount
thereof for the purpose of this definition only shall be the pro rata portion thereof payable by
such Person, so long as such third party or parties have not defaulted on its or their joint and
several portions thereof.

     “Initial Closing Date”: June 28, 2005.

     “Insolvency”: with respect to any Multiemployer Plan, the condition that such Plan is
insolvent within the meaning of Section 4245 of ERISA.

     “Insolvent”: pertaining to a condition of Insolvency.

     “Intellectual Property”: as defined in subsection 6.9.

     “Interest Coverage Ratio”: for any period of four consecutive fiscal quarters,
Consolidated EBITDA divided by Consolidated Interest Expense for such period.

     “Interest Payment Date”: (a) as to any ABR Loan, the last day of each March, June,
September and December to occur while such Loan is outstanding, and on the Termination Date (b) as
to any Committed Rate Eurocurrency Loan having an Interest Period of three months or less, the last
day of such Interest Period, (c) as to any Committed Rate Eurocurrency Loan having an Interest
Period longer than three months, each day which is three months, or a whole multiple thereof, after
the first day of such Interest Period and the last day of such Interest Period and (d) as to any
Competitive Advance Loan, the date or dates agreed upon by the Company and

13

 

the Lender at the time the terms of such Competitive Advance Loan are determined as provided
in Section 3.

     “Interest Period”: with respect to any Committed Rate Eurocurrency Loan:

     (i) initially, the period commencing on the borrowing, continuation or
conversion date, as the case may be, with respect to such Eurocurrency Loan and
ending one, two, three or six (or, if agreed to by all Lenders, nine or twelve)
months thereafter, as selected by the applicable Borrower of such Loan in its Notice
of Borrowing, Notice of Continuation or Notice of Conversion, as the case may be,
given with respect thereto; and

     (ii) thereafter, each period commencing on the last day of the next preceding
Interest Period applicable to such Eurocurrency Loan and ending one, two, three or
six (or, if agreed to by all Lenders, nine or twelve) months thereafter, as selected
by the applicable Borrower of such Loan by a Notice of Continuation with respect
thereto;

provided that, all of the foregoing provisions relating to Interest Periods are subject to
the following:

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

     (2) any Interest Period that would otherwise extend beyond the Termination Date
shall end on the Termination Date; and

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

     “Investments” has the meaning specified in subsection 9.7.

     “ISP”: the “International Standby Practices 1998” as published by the Institute of
International Banking Law and Practice (or such later version thereof as may be in effect from time
to time).

     “Issuing Bank”: each Lender listed as an Issuing Bank in Schedule V.

     “Issuing Office”: in respect of each Issuing Bank, the Issuing Office set forth for
such Issuing Bank in Schedule V.

     “Japanese Yen”: the lawful currency of Japan.

14

 

     “JPMorgan Chase”: JPMorgan Chase Bank, N.A.

     “Judgment Currency”: as defined in subsection 12.8(b).

     “L/C Obligations”: at any time, an amount equal to the sum of (a) the aggregate then
undrawn and unexpired amount of the then outstanding Letters of Credit, (b) the aggregate amount of
drawings under Letters of Credit which have not then been reimbursed pursuant to subsection 4.5(a)
and (c) the face amount of each outstanding and accepted Time Draft.

     “L/C Participant”: in respect of each Letter of Credit, each Lender (other than the
Issuing Bank in respect of such Letter of Credit) in its capacity as the holder of a participating
interest in such Letter of Credit.

     “Letter of Credit”: as defined in subsection 4.1(b)(i).

     “Lien”: any mortgage, pledge, hypothecation, assignment, deposit arrangement,
encumbrance, lien (statutory or other), charge or other security interest or any preference,
priority or other security agreement or preferential arrangement of any kind or nature whatsoever
(including, without limitation, any conditional sale or other title retention agreement).

     “Loan”: any Committed Rate Loan or Competitive Advance Loan made by any Lender
pursuant to this Agreement.

     “Loan Documents”: this Agreement, each Application and the Guarantee.

     “London Banking Day”: any day on which banks in London are open for general banking
business, including dealings in foreign currency and exchange.

     “Majority Lenders”: at any time, Lenders the Commitment Percentages of which
aggregate more than 50%.

     “Material Adverse Effect”: a material adverse effect on (a) the business, operations,
property or condition (financial or otherwise) of the Company and its Subsidiaries taken as a whole
or (b) the validity or enforceability of this or any of the other Loan Documents or the rights or
remedies of the Administrative Agent or the Lenders hereunder or thereunder.

     “Materials of Environmental Concern”: any gasoline or petroleum (including crude oil
or any fraction thereof) or petroleum products or any hazardous or toxic substances, materials or
wastes, defined or regulated as such in or under any Environmental Law, including, without
limitation, asbestos, polychlorinated biphenyls and urea-formaldehyde insulation.

     “Moody’s”: means Moody’s Investors Services, Inc., or any successor or assignee of
the business of such company in the business of rating debt.

     “Multiemployer Plan”: a Plan which is a multiemployer plan as defined in Section
4001(a)(3) of ERISA.

     “New Lender”: as defined in subsection 2.10(b).

15

 

     “Non-Excluded Taxes”: as defined in subsection 5.5(a).

     “Non-U.S. Lender”: as defined in subsection 5.5(b).

     “Notice of Borrowing”: with respect to a Loan of any Type in any Currency, a notice
in substantially the form of Exhibit E hereto from the applicable Borrower of such Loan in
respect of such Loan, containing the information in respect of such Loan and delivered to the
Person, in the manner and by the time specified for a Notice of Borrowing in respect of such
Currency and such Type of Loan in the Administrative Schedule.

     “Notice of Competitive Advance Loan”: with respect to each Competitive Advance Loan
in any Currency, a notice from the Lender in respect of such Loan in substantially the form of
Exhibit F hereto, containing the information in respect of such Loan and delivered to the
Person, in the manner and by the time specified for a Notice of Competitive Advance Loan in the
Administrative Schedule.

     “Notice of Continuation”: with respect to a Committed Rate Loan in any Currency, a
notice in substantially the form of Exhibit G hereto from the applicable Borrower of such
Loan in respect of such Loan, containing the information in respect of such Loan and delivered to
the Person, in the manner and by the time specified for a Notice of Continuation in respect of such
Currency in the Administrative Schedule.

     “Notice of Conversion”: with respect to a Committed Rate Loan in Dollars which the
applicable Borrower of such Loan wishes to convert from a Eurocurrency Loan to an ABR Loan, or from
an ABR Loan to a Eurocurrency Loan, as the case may be, a notice in substantially the form of
Exhibit G hereto from the applicable Borrower of such Loan setting forth the amount of such
Loan to be converted, the date of such conversion (which, in the case of conversions of
Eurocurrency Loans to ABR Loans, shall be the last day of an Interest Period applicable to such
Eurocurrency Loans) and, in the case of conversions of ABR Loans to Eurocurrency Loans, the length
of the initial Interest Period applicable thereto. Each Notice of Conversion shall be delivered to
the Administrative Agent at its address set forth in subsection 12.2 and shall be delivered before
11:00 A.M., New York City time, one Business Day before the requested conversion in the case of
conversions to ABR Loans, and before 11:00 A.M., New York City time, three Business Days before the
requested conversion in the case of conversions to Eurocurrency Loans.

     “Offered Increase Amount”: as defined in subsection 2.10(a).

     “Participant”: as defined in subsection 12.6(b).

     “Participating Member States”: each country that adopts or has adopted the euro as
its currency in accordance with EMU Legislation.

     “Payment Office”: for each Type of Loan and each Currency, the Payment Office set
forth in respect thereof in the Administrative Schedule.

     “Payment Time”: for each Type of Loan and each Currency, the Payment Time set forth
in respect thereof in the Administrative Schedule.

16

 

     “PBGC”: the Pension Benefit Guaranty Corporation established pursuant to Subtitle A
of Title IV of ERISA.

     “Permitted Business Acquisitions”: Acquisitions pursuant to which : (i) no Default
or Event of Default shall have occurred and be continuing after giving effect to such Acquisition,
(ii) such Acquisition shall be consummated in accordance with applicable laws, (iii) 50% of the
outstanding Capital Stock or other ownership interests of any acquired or newly formed Person must
be owned directly by the Company or a Restricted Subsidiary and such Person shall become a
Restricted Subsidiary hereunder, and (iv) the Company shall be
in compliance, on a pro forma basis,
with the financial covenants contained in subsection 9.1 recomputed as at the last day of the most
recently ended fiscal quarter of the Company, and the Company shall have delivered to the
Administrative Agent an officers’ certificate to such effect.

     “Permitted Investor”: Sidney Harman, Executive Chairman and Chairman of the Board of
Directors of the Company on the Initial Closing Date.

     “Person”: an individual, partnership, corporation, business trust, joint stock
company, trust, unincorporated association, joint venture, Governmental Authority or other entity
of whatever nature.

     “Plan”: at a particular time, any employee benefit plan (as defined in Section 3(3)
of ERISA) which is covered by ERISA and in respect of which the Company or a Commonly Controlled
Entity is (or, if such plan were terminated at such time, would under Section 4069 of ERISA be
deemed to be) an “employer” as defined in Section 3(5) of ERISA.

     “Pounds Sterling”: British Pounds Sterling, the lawful currency of the United
Kingdom.

     “Prime Rate”: the rate of interest per annum publicly announced from time to time by
JPMorgan Chase 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.

     “Properties”: as defined in subsection 6.17(a).

     “Quotation Day”: in respect of the determination of the Eurocurrency Rate for any
Interest Period for loans in any Available Foreign Currency (other than the euro), the day which is
(i) at least two London Banking Days prior to the first day of such Interest Period and (ii) a day
on which banks are open for general banking business in the city which is the principal financial
center of the country of such Available Foreign Currency; and the Quotation Day in respect of any
Interest Period for the euro is the day which is two Target Operating Days prior to the first day
of such Interest Period.

     “Ratings”: the actual senior long-term unsecured non-credit enhanced debt ratings of
the Company in effect from time to time by Moody’s or S&P, as the case may be.

     “Register”: as defined in subsection 12.6(d).

17

 

     “Regulation U”: Regulation U of the Board of Governors of the Federal Reserve System
as in effect from time to time.

     “Reimbursement Obligation”: in respect of each Letter of Credit, the obligation of
the account party thereunder to reimburse the Issuing Bank for all drawings made thereunder in
accordance with Section 5 and the Application related to such Letter of Credit.

     “Reorganization”: with respect to any Multiemployer Plan, the condition that such
plan is in reorganization within the meaning of such term as used in Section 4241 of ERISA.

     “Reportable Event”: any of the events set forth in Section 4043 of ERISA or in the
regulations thereunder with regard to a Plan (excluding those events as to which the thirty (30)
day notice period is waived).

     “Requirement of Law”: as to any Person, the Certificate of Incorporation and By-Laws
or other organizational or governing documents of such Person, and any material law, treaty, rule
or regulation or determination of an arbitrator or a court or other Governmental Authority, in each
case applicable to or binding upon such Person or any of its property or to which such Person or
any of its property is subject.

     “Responsible Officer”: the chief executive officer, the president, or the chief
financial officer of the Company or the Additional Borrower, as the context may require.

     “Restatement Effective Date”: the date on which the conditions precedent set forth in
subsection 7.1 shall be satisfied, which date is June 22, 2006.

     “Restricted Payments”: has the meaning specified in subsection 9.6.

     “Restricted Subsidiary”: any Subsidiary of the Company listed in Schedule IV, as
amended or supplemented from time to time pursuant to subsection 12.1.

     “S&P”: Standard and Poor’s Ratings Group, a division of McGraw Hill, Inc. or any
successor or assignee of the business of such division in the business of rating debt.

     “Sale and Lease-Back Transaction”: as defined in subsection 9.9.

     “Schedule Amendment”: each Schedule Amendment, substantially in the form of
Exhibit A hereto, executed and delivered pursuant to subsection 12.1.

     “Singapore Dollars”: the lawful currency of Singapore.

     “Single Employer Plan”: a single employer plan, as defined in Section 4001(a)(15) of
ERISA, that is subject to Title IV of ERISA and (a) is maintained for employees of the Company or
any Commonly Controlled Entity and no Person other than the Company and any Commonly Controlled
Entity or (b) was so maintained and in respect of which the Company or a Commonly Controlled Entity
could have liability under Section 4069 of ERISA in the event such plan has been or has to be
terminated.

18

 

     “Standby Letter of Credit”: as defined in subsection 4.1(b).

     “Statutory Reserve Rate”: 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 (a) with respect
to the Base CD Rate, for new negotiable nonpersonal time deposits in dollars of over $100,000 with
maturities approximately equal to three months and (b) with respect to the Adjusted Eurocurrency
Rate, 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.
Eurocurrency Loans shall be deemed to constitute eurocurrency funding and to be subject to such
reserve requirements without benefit of or credit for proration, exemptions or offsets that may be
available from time to time to any Lender under such Regulation D or any comparable regulation.
The Statutory Reserve Rate shall be adjusted automatically on and as of the effective date of any
change in any reserve percentage.

     “Subordinated Debt”: any unsecured Indebtedness of any Restricted Subsidiary (other
than Indebtedness outstanding on the Initial Closing Date and described on Schedule 9.2) no part of
the principal of which is required to be paid (whether by way of mandatory sinking fund, mandatory
redemption or mandatory prepayment or otherwise) prior to the Termination Date.

     “Subsidiary”: as to any Person, a corporation, partnership or other entity of which
shares of stock or other ownership interests having ordinary voting power (other than stock or such
other ownership interests having such power only by reason of the happening of a contingency) to
elect a majority of the board of directors or other managers of such corporation, partnership or
other entity are at the time owned, or the management of which is otherwise controlled, directly or
indirectly through one or more intermediaries, or both, by such Person. Unless otherwise
qualified, all references to a “Subsidiary” or to “Subsidiaries” in this Agreement shall refer to a
Subsidiary or Subsidiaries of the Company.

     “Swedish Krona”: the lawful currency of Sweeden.

     “Swiss Francs”: the lawful currency of Switzerland.

     “Target Operating Day”: any day that is not (a) a Saturday or Sunday, (b) Christmas
Day or New Year’s Day or (c) any other day on which the Trans-European Real-time Gross Settlement
Operating System (or any successor settlement system) is not operating (as determined by the
Administrative Agent).

     “Tax Confirmation”: as defined in subsection 5.9(a).

     “Tax Confirmation Certificate”: a notice in substantially the form of Exhibit
M hereto.

     “Termination Date”: June 28, 2010.

     “Three-Month Secondary CD Rate”: for any day, the secondary market rate for
three-month certificates of deposit reported as being in effect on such day (or, if such day is not
a

19

 

Business Day, the next preceding Business Day) by the Board through the public information
telephone line of the Federal Reserve Bank of New York (which rate will, under the current
practices of the Board, be published in Federal Reserve Statistical Release H.15(519) during the
week following such day) or, if such rate is not so reported on such day or such next preceding
Business Day, the average of the secondary market quotations for three-month certificates of
deposit of major money center banks in New York City received at approximately 10:00 a.m., New York
City time, on such day (or, if such day is not a Business Day, on the next preceding Business Day)
by the Administrative Agent from three negotiable certificate of deposit dealers of recognized
standing selected by it.

     “Time Draft”: as defined in subsection 4.9.

     “Tranche”: the collective reference to Committed Rate Eurocurrency Loans in any
Currency the then current Interest Periods with respect to all of which begin on the same date and
end on the same later date (whether or not such Loans shall originally have been made on the same
day).

     “Transferee”: as defined in subsection 12.6(f).

     “Treaty on European Union”: the Treaty of Rome of March 25, 1957, as amended
by the Single European Act of 1986 and the Maastricht Treaty (which was signed at Maastricht on
February 7, 1992 and came into effect on November 1, 1993), as amended from time to time.

     “Type”: in respect of any Loan, its character as a Committed Rate Loan or Competitive
Advance Loan, as the case may be.

     “Uniform Customs”: the Uniform Customs and Practice for Documentary Credits (1993
Revision), International Chamber of Commerce Publication No. 500, as the same may be amended,
supplemented or otherwise modified from time to time.

     “Value”: with respect to any Sale and Lease-Back Transaction, as of any particular
time, an amount equal to (a) the fair market value of such property at the time of entering into
such Sale and Lease-Back Transaction, (b) divided first by the number of full years of the
term of the lease relating to such Sale and Lease-Back Transaction, and (c) then multiplied
by the number of full years of such term remaining at the time of determination, without regard to
any renewal or extension options contained in the lease.

     “Voting Stock”: stock of the class or classes pursuant to which the holders thereof
have the general voting power under ordinary circumstances to elect at least a majority of the
Board of Directors of the Company (irrespective of whether or not at the time stock of any other
class or classes shall have or might have voting power by reason of the happening of any
contingency).

     1.2. Other Definitional Provisions. (a) Unless otherwise specified therein, all terms
defined in this Agreement shall have the defined meanings when used in any certificate or other
document made or delivered pursuant hereto.

          (b) As used herein and in any certificate or other document made or delivered pursuant hereto,
accounting terms relating to the Company and its Subsidiaries not defined in

20

 

subsection 1.1 and
accounting terms partly defined in subsection 1.1, to the extent not defined, shall have the
respective meanings given to them under GAAP.

          (c) The words “hereof’, “herein” and “hereunder” and words of similar import when used in this
Agreement shall refer to this Agreement as a whole and not to any particular provision of this
Agreement, and Section, subsection, Schedule and Exhibit references are to this Agreement unless
otherwise specified. References to Schedules to this Agreement are references to such Schedules as
the same may from time to time be amended or otherwise modified in accordance with the terms
hereof.

          (d) The meanings given to terms defined herein shall be equally applicable to both the
singular and plural forms of such terms.

SECTION 2

THE COMMITTED RATE LOANS

     2.1. Committed Rate Loans. (a) Subject to the terms and conditions hereof, each
Lender severally agrees to make loans on a revolving credit basis (“Committed Rate Loans”)
to each Borrower from time to time during the Commitment Period; provided, that no Committed Rate
Loan shall be made if, after giving effect to the making of such Loan and the simultaneous
application of the proceeds thereof, the amount of the Exposure would exceed the aggregate amount
of the Commitments. During the Commitment Period each Borrower may use the Commitments by
borrowing, prepaying the Committed Rate Loans in whole or in part, and reborrowing, all in
accordance with the terms and conditions hereof.

          (b) The Committed Rate Loans may be made in Dollars or any Available Foreign Currency and may
from time to time be (i) Committed Rate Eurocurrency Loans, (ii) in the case of Committed Rate
Loans in Dollars only, Committed Rate ABR Loans or (iii) a combination thereof, as determined by
the applicable Borrower thereof and set forth in the Notice of Borrowing or Notice of Conversion
with respect thereto; provided, that no Committed Rate Eurocurrency Loan shall be made after the
day that is one month prior to the Termination Date.

     2.2. Procedure for Committed Rate Loan Borrowing. Each Borrower may request the
Lenders to make Committed Rate Loans to such Borrower on any Business Day during the Commitment
Period by delivering a Notice of Borrowing. Each borrowing of Committed Rate Loans shall be in an
amount equal to (a) in the case of ABR Loans, $1,000,000 or a whole multiple thereof (or, if the
then aggregate undrawn amount of the Commitments is less than $1,000,000, such lesser amount) and
(b) in the case of Eurocurrency Loans, (i) if in Dollars, $2,000,000 or increments of $500,000
thereafter, and (ii) if in any Available Foreign Currency, an amount in such Available Foreign
Currency of which the
Dollar Equivalent Amount is at least $2,000,000. Upon receipt of any such Notice of Borrowing
from a Borrower, the Administrative Agent shall promptly notify each Lender thereof. Subject to
the terms and conditions hereof, each Lender will make the amount of its pro rata share of each
such borrowing available to the Administrative Agent for the account of the applicable Borrower
requesting such Loan at the Funding Office, and at or prior to the Funding Time, for the Currency
of such Loan in funds

21

 

immediately available to the Administrative Agent; provided, that
each Lender has the option of making any portion of each such borrowing available to the
Administrative Agent through a branch or affiliate of such Lender. Such borrowing will then be
made available to the applicable Borrower requesting such Loan at the Funding Office, in like funds
as received by the Administrative Agent.

     2.3. Repayment of Committed Rate Loans; Evidence of Debt. (a) Each Borrower hereby
unconditionally promises to pay to the Administrative Agent for the account of each Lender on the
Termination Date (or such earlier date on which the Loans become due and payable pursuant to
Section 10), the then unpaid principal amount of each Committed Rate Loan made by such Lender to
such Borrower. Each Borrower hereby further agrees to pay interest on the unpaid principal amount
of the Committed Rate Loans made to such Borrower from time to time outstanding from the Initial
Closing Date (with respect to the Company) or the Restatement Effective Date (with respect to the
Additional Borrower), as applicable, until payment in full thereof at the rates per annum, and on
the dates, set forth in subsection 2.8.

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

          (c) The Administrative Agent shall maintain the Register pursuant to subsection 12.6(d), and a
subaccount therein for each Lender, in which shall be recorded (i) the amount of each Committed
Rate Loan made hereunder and each Interest Period applicable thereto, (ii) the amount of any
principal or interest due and payable or to become due and payable from the applicable Borrower to
each Lender under the Committed Rate Loans and (iii) the amount of any sum received by the
Administrative Agent from each Borrower in respect of Committed Rate Loans made to such Borrower,
and the amount of each Lender’s share thereof.

          (d) The entries made in the Register and the accounts of each Lender maintained pursuant to
subsection 2.3(b) shall, to the extent permitted by applicable law, be prima facie
evidence of the existence and amounts of the obligations of the applicable Borrower therein
recorded; provided, however, that the failure of any Lender or the Administrative
Agent to maintain the Register or any such account, or any error therein, shall not in any manner
affect the obligation of the applicable Borrower to repay (with applicable interest) the Committed
Rate Loans made to such Borrower by such Lender in accordance with the terms of this Agreement.

     2.4. Termination or Reduction of Commitments. The Borrowers shall have the right, upon not less than four Business Days’ notice to the
Administrative Agent, to terminate the Commitments or, from time to time, to reduce the amount of
the Commitments. Any such reduction shall be in an amount equal to $5,000,000 or a whole multiple
thereof and shall reduce permanently the Commitments then in effect.

     2.5. Optional Prepayments. Each Borrower may, at any time and from time to time,
prepay the Committed Rate Loans made to such Borrower, in whole or in part, without premium

22

 

or
penalty, upon at least four Business Days’ irrevocable notice to the Administrative Agent,
specifying the date and amount of prepayment, the Currency of the Committed Rate Loans to be
prepaid and whether the prepayment is of Eurocurrency Loans, ABR Loans (in the case of Committed
Rate Loans in Dollars) or a combination thereof, and, if of a combination thereof, the amount
allocable to each. Upon receipt of any such notice the Administrative Agent shall promptly notify
each Lender thereof. If any such notice is given, the amount specified in such notice shall be due
and payable on the date specified therein, together with any amounts payable pursuant to subsection
5.6. Partial prepayments shall be in an aggregate principal amount of at least $1,000.000.

     2.6. Conversion and Continuation Options. (a) By giving a Notice of Conversion, each
Borrower may elect from time to time (i) to convert such Borrower’s Eurocurrency Loans in Dollars
to ABR Loans or (ii) to convert such Borrower’s ABR Loans to Eurocurrency Loans in Dollars;
provided, that any such conversion of Eurocurrency Loans may only be made on the last day of an
Interest Period with respect thereto. Upon receipt of any Notice of Conversion the Administrative
Agent shall promptly notify each Lender thereof. All or any part of Eurocurrency Loans outstanding
in Dollars or ABR Loans may be converted as provided in herein,
provided that (i) no ABR Loan may
be converted into a Eurocurrency Loan when any Event of Default has occurred and is continuing and
the Administrative Agent has or the Majority Lenders have determined that such a conversion is not
appropriate and (ii) no ABR Loan may be converted into a Eurocurrency Loan after the date that is
one month prior to the Termination Date.

          (b) By giving a Notice of Continuation, each Borrower may continue any of its Eurocurrency
Loans as Eurocurrency Loans in the same Currency for additional Interest Periods.

          (c) Each Borrower may convert Committed Rate Loans outstanding in one Currency to Committed
Rate Loans of a different Currency by repaying such Loans in the first Currency and borrowing Loans
of such different Currency in accordance with the applicable provisions of this Agreement.

          (d) If a Borrower shall fail to timely give a Notice of Continuation or a Notice of Conversion
in respect of any of such Borrower’s Eurocurrency Loans with respect to which an Interest Period is
expiring, such Eurocurrency Loans shall become due and payable on the last day of such expiring
Interest Period; provided, that the Company may, in accordance with and subject to the terms and
conditions of this Agreement refinance such maturing Eurocurrency Loans on such maturity date with
Competitive Advance Loans.

     2.7. Minimum Amounts of Tranches. All borrowings, conversions and continuations of
Committed Rate Loans and all selections of Interest Periods shall be in such amounts and be made
pursuant to such elections so that, after giving effect thereto, the aggregate principal amount of
the Loans comprising (i) each Tranche in Dollars shall be not less than $2,000,000 and (ii) each
Tranche in any Available Foreign Currency shall be not less than the Dollar Equivalent Amount in
such Currency of $2,000,000.

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     2.8. Interest Rates and Payment Dates for Committed Rate Loans. (a) Each Committed
Rate Eurocurrency Loan shall bear interest for each day during each Interest Period with respect
thereto at a rate per annum equal to the Eurocurrency Rate for such Interest Period plus the
Applicable Margin.

          (b) Each Committed Rate ABR Loan shall bear interest at a rate per annum equal to the ABR.

          (c) If all or a portion of (i) the principal amount of any Committed Rate Loan or (ii) any
interest payable thereon shall not be paid when due (whether at the stated maturity, by
acceleration or otherwise), such overdue amount shall bear interest at a rate per annum which is
(x) in the case of overdue principal, the rate that would otherwise be applicable thereto pursuant
to the foregoing provisions of this subsection plus 2% or (y) in the case of overdue interest, the
rate described in paragraph (a) or (b) of this subsection, as applicable, plus 2%, in each case
from the date of such non-payment until such amount is paid in full (as well after as before
judgment).

          (d) Interest on Committed Rate Loans shall be payable in arrears on each Interest Payment
Date; provided, that interest accruing pursuant to paragraph (c) of this subsection shall be
payable from time to time on demand.

     2.9. Inability to Determine Interest Rate. If on or prior to the Quotation Day for
any Interest Period in respect of any Eurocurrency Loan in any Currency:

          (a) the Administrative Agent shall have determined (which determination shall be conclusive
absent manifest error) that, by reason of circumstances affecting the relevant market generally,
the Administrative Agent cannot ascertain the Eurocurrency Rate in accordance with this Agreement
for such affected Currency or such affected Interest Period, or

          (b) the Administrative Agent shall have received notice from the Majority Lenders that the
Eurocurrency Rate determined or to be determined for such affected Interest Period will not
adequately and fairly reflect the cost to such Lenders (as conclusively certified by such Lenders)
of making or maintaining their affected Committed Rate Loans during such affected Interest Period,

          (c) the Administrative Agent shall give telecopy or telephonic notice thereof to the Company
and the Lenders as soon as practicable thereafter. If such notice is given (x) any
Eurocurrency Loans requested to be made in such affected Currency on the first day of such
affected Interest Period shall be made as ABR Loans in Dollars in a Dollar Equivalent Amount, (y)
any Committed Rate Loans that were to have been converted on the first day of such affected
Interest Period from ABR Loans, to Eurocurrency Loans in such affected Currency, shall be continued
as ABR Loans and (z) any Eurocurrency Loans in such affected Currency that were to have been
continued as such shall be converted, on the first day of such Interest Period, to ABR Loans in
Dollars in a Dollar Equivalent Amount. Until such notice has been withdrawn by the Administrative
Agent, no further Eurocurrency Loans in such affected Currency shall be made or continued as such.

     2.10. Commitment Increases. (a) In the event that the Borrowers wish to increase the
total Commitment at any time and from time to time when no Default or Event of Default has

24

 

occurred
and is continuing, the Company shall notify the Administrative Agent in writing of the amount (the
“Offered Increase Amount”) of such proposed increase (each such notice, a “Commitment
Increase Notice”). The Company may, at its election, from time to time (i) offer one or more
of the Lenders the opportunity to provide all or a portion of the Offered Increase Amount pursuant
to paragraph (c) below and/or (ii) offer one or more additional banks, financial institutions or
other entities reasonably acceptable to the Administrative Agent the opportunity to provide all or
a portion of the Offered Increase Amount pursuant to paragraph (b) below. Each Commitment Increase
Notice shall specify which Lenders and/or banks, financial institutions or other entities the
Company desires to provide such Offered Increase Amount. The Company or, if requested by the
Company, the Administrative Agent will notify such Lenders, and/or banks, financial institutions or
other entities of such offer.

          (b) Any additional bank, financial institution or other entity which the Company selects to
offer participation in the increased Commitments and which elects to become a Lender under this
Agreement and obtain a Commitment in an amount so offered and accepted by it pursuant to subsection
2.10(a)(ii) shall execute a New Lender Supplement with the Borrowers and the Administrative Agent,
substantially in the form of Exhibit J hereto, whereupon such bank, financial institution
or other entity (herein called a “New Lender”) shall become a Lender for all purposes and
to the same extent as if originally a party hereto and shall be bound by and entitled to the
benefits of this Agreement.

          (c) Any Lender which accepts an offer to it by the Company to increase its Commitment pursuant
to subsection 2.10(a)(i) shall, in each case, execute a Commitment Increase Supplement with the
Borrowers and the Administrative Agent, substantially in the form of Exhibit K hereto,
whereupon such Lender shall be bound by and entitled to the benefits of this Agreement with respect
to the full amount of its Commitment as so increased.

          (d) If any bank, financial institution or other entity becomes a New Lender pursuant to
subsection 2.10(b) or any Lender’s Commitment is increased pursuant to subsection 2.10(c),
additional Committed Rate Loans made on or after the effectiveness thereof (the “Credit
Re-Allocation Date”) shall be made pro rata based on the Commitment Percentages in effect on
and after such Credit Re-Allocation Date (except to the extent that any such pro rata borrowings
would result in any Lender making an aggregate principal amount of Committed Rate Loans in
excess of its Commitment, in which case such excess amount will be allocated to, and made by,
such New Lenders and/or Lenders with such increased Commitments to the extent of, and pro rata
based upon, their respective Commitments otherwise available for Loans), and continuations of
Eurocurrency Loans outstanding on such Credit Re-Allocation Date shall be effected by repayment of
such Eurocurrency Loans on the last day of the Interest Period applicable thereto and the making of
new Eurocurrency Loans pro rata based on such new Commitment Percentages. In the event that on any
such Credit Re-Allocation Date there is an unpaid principal amount of ABR Loans, each Borrower
shall make prepayments of any such ABR Loans borrowed by such Borrower so that, after giving effect
thereto, the ABR Loans outstanding are held pro rata based on such new Commitment Percentages. In
the event that on any such Credit Re-Allocation Date there is an unpaid principal amount of
Eurocurrency Loans, such Eurocurrency Loans shall remain outstanding with the respective holders
thereof until the expiration of their respective Interest Periods (unless the Borrowers elect to
prepay any thereof in accordance with the applicable provisions of this Agreement), and interest on
and repayments of

25

 

such Eurodollar Loans will be paid thereon to the respective Lenders holding such
Eurocurrency Loans pro rata based on the respective principal amounts thereof outstanding.

          (e) Notwithstanding anything to the contrary in this subsection 2.10, (i) in no event shall
any transaction effected pursuant to this subsection 2.10 cause the aggregate amount of the total
Commitments to exceed $550,000,000 and (ii) no Lender shall have any obligation to increase its
Commitment unless it agrees to do so in its sole discretion.

          (f) To the extent reasonably requested by the Administrative Agent, it shall be a condition
precedent to any increase in the Commitments pursuant to this subsection 2.10 that the
Administrative Agent shall have received on or prior to the Credit Re-Allocation Date, for the
benefit of the Lenders, (i) legal opinions of counsel to the Borrowers covering such matters as are
customary for transactions of this type and such other matters as may be reasonably requested by
the Administrative Agent and (ii) certified copies of resolutions of the Borrowers authorizing the
Offered Increase Amount.

          (g) The Administrative Agent will notify all Lenders of each increase in Commitments pursuant
to this subsection.

     2.11. Substitution of Euro for National Currency. If any Available Foreign Currency
is replaced by the euro, unless otherwise agreed by the Company, the Administrative Agent and the
Lenders, the euro may be tendered in satisfaction of any obligation denominated in such Available
Foreign Currency at the conversion rate specified in, or otherwise calculated in accordance with,
the regulations adopted by the Council of the European Union relating to the euro. No replacement
of an Available Foreign Currency by the euro shall discharge, excuse or otherwise affect the
performance of any obligation of the Company under this Agreement.

     2.12. Unavailability of Available Foreign Currency. If on any Quotation Day (a) a Lender
notifies the Administrative Agent that the Available Foreign Currency requested is not readily
available to it in the amount required or (b) a Lender
notifies the Administrative Agent that compliance with its obligation to participate in a Loan in
the proposed Available Foreign Currency would contravene a law or regulation applicable to it, the
Administrative Agent will give notice to the relevant Borrower to that effect by 12:00 Noon, New
York time, on that day. In this event, any Lender that gives notice pursuant to this subsection
will be required to participate in the Loan in Dollars (in an amount equal to the Dollar Equivalent
Amount) and its participation will be treated as a separate Loan denominated in Dollars during that
Interest Period.

     2.13. Separate Obligations. Notwithstanding anything to the contrary contained herein or
in any other Loan Document, upon and after the Restatement Effective Date, the parties hereto
acknowledge and agree that (a) at no time and in no circumstances shall the Additional Borrower be
liable for any Company Obligations or any other indebtedness, liabilities or obligations of the
Company hereunder or under any other Loan Documents, whether incurred by the Company before, on or
after the Restatement Effective Date, and the Additional Borrower’s joinder hereto as a borrower
does not constitute a guarantee by the Additional Borrower of any Company Obligations or any such
other indebtedness, liabilities or obligations of the Company hereunder or under any other Loan
Documents, (b) except as expressly provided in the Guarantee, at no

26

 

time and in no circumstance
shall the Company be liable for any Additional Borrower Obligations or any other indebtedness,
liabilities or obligations of the Additional Borrower hereunder or under any other Loan Documents,
whether incurred by the Additional Borrower on or after the Restatement Effective Date, and (c)
with respect to any borrowing by either of the Company or the Additional Borrower of any Loans
hereunder, such Loans are for the applicable requesting Borrower’s own account, and such Loans and
such Borrower’s other obligations hereunder are obligations of such Borrower and do not constitute
joint and several obligations of both Borrowers.

SECTION 3

THE COMPETITIVE ADVANCE LOANS

     3.1. Competitive Advance Loans. (a) Subject to the terms and conditions hereof, the
Company may, at any time and from time to time during the Commitment Period, request one or more
Lenders to offer bids, and any such Lender may, in its sole discretion, offer such bids, to make
competitive advance loans (“Competitive Advance Loans”) to the Company on the terms and
conditions set forth in such bids. Each Competitive Advance Loan shall bear interest at the rates,
pay interest and principal on the dates, and shall mature on the date, agreed between the Company
and Lender at the time such Competitive Advance Loan is made; provided, that (i) each Competitive
Advance Loan shall mature not earlier than 1 day and not later than 180 days, after the date such
Competitive Advance Loan is made and (ii) no Competitive Advance Loan shall mature after the
Termination Date. During the Commitment Period the Company may accept bids from Lenders from time
to time for Competitive Advance Loans, and borrow and repay Competitive Advance Loans, all in
accordance with the terms and conditions hereof; provided, that no Competitive Advance Loan shall
be made if, after giving effect to the making of such Loan and the simultaneous application
of the proceeds thereof, the aggregate amount of the Exposure would exceed the aggregate
amount of the Commitments; and provided further that the aggregate amount of Competitive Advance
Loans of the Company at any time outstanding shall not exceed $25,000,000. Subject to the
foregoing, any Lender may, in its sole discretion, make Competitive Advance Loans in an aggregate
outstanding amount exceeding the amount of such Lender’s Commitment.

          (b) The Competitive Advance Loans may be made in Dollars or any Available Foreign Currency, as
agreed between the Company and Lender in respect thereof at the time such Competitive Advance Loan
is made.

     3.2. Procedure for Competitive Advance Loan Borrowing. (a) The Company may request
one or more Lenders to make bids to make Committed Rate Loans in such manner and at such time as
shall be agreed by the Company and such Lenders by delivering Competitive Bid Requests to such
Lender or Lenders. The proceeds of each Competitive Advance Loan will be made available to the
Company in respect thereof in the manner agreed between the Company and the relevant Lender at the
time such Competitive Advance Loan is made. The Lender designated in any such Competitive Bid
Request may (but shall have no obligation to) make one or more competitive bids to the Company in
response to a Competitive Bid Request by delivering a Competitive Bid Notice to the Company.

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          (b) Each Lender that makes a Competitive Advance Loan shall deliver a Notice of Competitive
Advance Loan to the Administrative Agent on the Thursday (or, if such Thursday is not a Business
Day, on the next Business Day following such Thursday) immediately following the making of such
Competitive Advance Loan.

     3.3. Repayment of Competitive Advance Loans; Evidence of Debt. (a) The Company hereby
unconditionally promises to pay to the Lender that made such Competitive Advance Loan on the
maturity date, as agreed by the Company and Lender at the time such Competitive Advance Loan is
made (or such earlier date on which all the Loans become due and payable pursuant to Section 10),
the then unpaid principal amount of such Competitive Advance Loan. The Company hereby further
agrees to pay interest on the unpaid principal amount of the Competitive Advance Loans made by any
Lender from time to time outstanding from the date thereof until payment in full thereof at the
rates, and on the dates, agreed by the Company and Lender at the time such Competitive Advance Loan
is made. All payments in respect of Competitive Advance Loans shall be made by the Company to its
Competitive Advance Loan Lender at the address separately agreed to between the Company and such
Competitive Advance Loan Lender.

          (b) Each Lender shall maintain in accordance with its usual practice an account or accounts
evidencing indebtedness of the Company to such Lender resulting from each Competitive Advance Loan
of such Lender from time to time, including the amounts of principal and interest payable and paid
to such Lender from time to time in respect of Competitive Advance Loans. The entries made in the
accounts of each Lender maintained pursuant to this subsection 3.3(b) shall, to the extent
permitted by applicable law, be prima facie evidence of the existence and amounts of the
obligations of the Company therein recorded, absent manifest error;
provided, however, that the failure of any Lender to maintain any such account, or any
error therein, shall not in any manner affect the obligation of the Company to repay (with
applicable interest) the Competitive Advance Loans made to the Company by such Lender in accordance
with the terms of this Agreement.

     3.4. Prepayments. Unless otherwise agreed by the Lender making a Competitive Advance
Loan in any Notice of Competitive Advance Loan, such Competitive Advance Loan may not be optionally
prepaid prior to the scheduled maturity date thereof.

SECTION 4

THE LETTERS OF CREDIT

     4.1. L/C Commitment. (a) Subject to the terms and conditions hereof, each Issuing
Bank agrees to issue or amend letters of credit (including Letters of Credit payable by acceptance
of a Time Draft as described in subsection 4.9) (“Letters of Credit”, which shall include
the existing letters of credit specified on Schedule III which shall be continued and be
deemed Letters of Credit issued and outstanding hereunder) for the account of the Company on any
Business Day during the Commitment Period in such form as shall be reasonably acceptable to such
Issuing Bank; provided, that no Letter of Credit shall be issued or amended if, after giving effect
thereto (i) the aggregate amount of the Exposure would exceed the aggregate amount of

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the
Commitments or (ii) the aggregate amount of the L/C Obligations would exceed $50,000,000.

          (b) Each Letter of Credit shall:

     (i) be denominated in Dollars or an Available Foreign Currency and shall be
either (A) a standby letter of credit issued to support any obligations of the
Company or any Subsidiary, contingent or otherwise (a “Standby Letter of
Credit”) or (B) a commercial letter of credit issued in respect of the purchase
of goods and services in the ordinary course of business of the Company and its
Subsidiaries (a “Commercial Letter of Credit”; together with the Standby
Letters of Credit, the “Letters of Credit”) and,

     (ii) expire no later than the earlier of (A) one year after its date of
issuance and (B) five (5) Business Days prior to the Termination Date; provided that
any Letter of Credit with a one-year tenor may provide for the renewal thereof for
additional one-year periods (which shall in no event extend beyond the date referred
to in clause (B) above).

          (c) No Issuing Bank shall at any time be obligated to issue any Letter of Credit hereunder if
such issuance would cause such Issuing Bank or any Lender to violate any applicable Requirement of
Law.

     4.2. Procedure for Issuance of Letters of Credit under this Agreement. The Company
may from time to time request that an Issuing Bank issue a Letter of Credit by delivering to such
Issuing Bank at its Issuing Office an Application therefor, completed to the satisfaction of the
Issuing Bank, and such other documents required in connection therewith as such Issuing Bank may
reasonably request. Upon receipt by an Issuing Bank of any Application, such Issuing Bank will
process such Application and any other documents delivered to it in connection therewith in
accordance with its customary procedures and shall promptly issue the Letter of Credit requested
thereby (but in no event shall any Issuing Bank be required to issue any Letter of Credit earlier
than three (3) Business Days after its receipt of the Application therefor and all such other
documents required in connection therewith by issuing the original of such Letter of Credit to the
beneficiary thereof or as otherwise may be agreed by such Issuing Bank and the Company. Such
Issuing Bank shall promptly (and in no event later than the Business Day following its issuance of
any Letter of Credit) advise the Administrative Agent of the terms of such Letter of Credit (or
provide the Administrative Agent with a copy of such Letter of Credit), and each Lender shall be
entitled to receive from the Administrative Agent, following such Lender’s request therefor, any
documents so provided to the Administrative Agent.

     4.3. Fees, Commissions and Other Charges. (a) The Company shall pay to the
Administrative Agent, for the account of the Lenders (including the
Issuing Bank) in Dollars pro rata according to their Commitment Percentages, a letter of credit commission with respect to each
Letter of Credit, computed at a rate equal to the then Applicable Margin for Eurocurrency Loans on
the daily average amount available to be drawn under such Letter of Credit. Such commissions shall
be payable in arrears on the last Business Day of each March, June, September and December to occur
after the date of issuance of such Letter of Credit and on the

29

 

expiration date of such Letter of
Credit and shall be nonrefundable. In addition to the foregoing fees, the Company shall pay to
each Issuing Bank for its own account in Dollars a fronting fee of 0.125% per annum on the
aggregate undrawn and unexpired amount of all outstanding Letters of Credit issued by such Issuing
Bank. Such fronting fees shall be payable in arrears on the last Business Day of each March, June,
September and December shall be nonrefundable.

          (b) In addition to the foregoing fees and commissions, the Company shall pay or reimburse the
relevant Issuing Bank for such normal and customary costs and expenses as are incurred or charged
by such Issuing Bank in issuing, effecting payment under, amending or otherwise administering such
Letter of Credit.

          (c) The Administrative Agent shall, promptly following its receipt thereof, distribute to the
Issuing Bank and the Lenders all fees and commissions received by the Administrative Agent for
their respective accounts pursuant to this subsection.

     4.4. L/C Participations. (a) Each Issuing Bank irrevocably agrees to grant and hereby
grants to each L/C Participant, and, to induce each Issuing Bank to issue Letters of Credit
hereunder, each L/C
Participant unconditionally and irrevocably agrees to accept and purchase and hereby accepts
and purchases from such Issuing Bank, on the terms and conditions hereinafter stated, for such L/C
Participant’s own account and risk, an undivided interest in such Issuing Bank’s obligations and
rights under each Letter of Credit issued by such Issuing Bank hereunder in an amount equal to the
product of such L/C Participant’s Commitment Percentage times the amount of each draft paid by such
Issuing Bank thereunder. Each L/C Participant unconditionally and irrevocably agrees with each
Issuing Bank that, if a draft is paid under any Letter of Credit issued by such Issuing Bank for
which such Issuing Bank is not reimbursed in full by the Company in accordance with the terms of
this Agreement, such L/C Participant shall pay to such Issuing Bank upon demand at such Issuing
Bank’s Issuing Office an amount equal to such L/C Participant’s Commitment Percentage of the amount
of such draft, or any part thereof, which is not so reimbursed.

          (b) If any amount required to be paid by any L/C Participant to any Issuing Bank pursuant to
subsection 4.4(a) in respect of any unreimbursed portion of any payment made by such Issuing Bank
under any Letter of Credit is not paid to such Issuing Bank on the date such payment is due from
such L/C Participant, such L/C Participant shall pay to such Issuing Bank on demand an amount equal
to the product of (i) such amount, times (ii) (A) in the case of any such payment obligation
denominated in Dollars, the Federal Funds Effective Rate or (B) in the case of any such payment
obligation denominated in an Available Foreign Currency, the rate customary in such Currency for
settlement of similar inter-bank obligations, as quoted by such Issuing Bank, in each case during
the period from and including the date such payment is required to the date on which such payment
is immediately available to the Issuing Bank, times (iii) a fraction the numerator of which is the
number of days that elapse during such period and the denominator of which is 360. If any such
amount required to be paid by any L/C Participant pursuant to subsection 4.4(a) is not made
available to such Issuing Bank by such L/C Participant within three (3) Business Days after the
date such payment is due, such Issuing Bank shall be entitled to recover from such L/C Participant,
on demand, such amount with interest thereon calculated from such due date at the rate per annum
applicable to ABR Loans. A certificate of

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an Issuing Bank submitted to any L/C Participant with
respect to any amounts owing under this subsection shall be conclusive in the absence of manifest
error.

          (c) Whenever, at any time after an Issuing Bank has made payment under any Letter of Credit
and has received from any L/C Participant its pro rata share of such payment in
accordance with subsection 4.4(a), the Issuing Bank receives any payment related to such Letter of
Credit (whether directly from the Company or otherwise), or any payment of interest on account
thereof, such Issuing Bank will distribute to such L/C Participant its pro rata
share thereof; provided, however, that in the event that any such payment received by such Issuing
Bank shall be required to be returned by such Issuing Bank, such L/C Participant shall return to
such Issuing Bank on demand the portion thereof previously distributed by such Issuing Bank to it.

          (d) Each L/C Participant’s obligation to purchase participating interests pursuant to
subsection 4.4(a) shall be absolute and unconditional and shall not be affected by any
circumstance, including (i) any setoff, counterclaim, recoupment, defense or other right that such
LC Participant or the Company may have against any Issuing Bank, the Company or any other Person
for any reason whatsoever, (ii) the occurrence or continuance of a Default or an Event of
Default or the failure to satisfy any of the other conditions specified in Article VII; (iii)
any adverse change in the condition (financial or otherwise) of the Company or any Subsidiary; (iv)
any breach of this Agreement or any other Loan Document by the Company or any other Lender; or (v)
any other circumstance, happening or event whatsoever, whether or not similar to any of the
foregoing.

     4.5. Reimbursement Obligation of the Company. (a) The Company agrees to reimburse
each Issuing Bank in respect of any Letter of Credit issued by such Issuing Bank on the Business
Day next succeeding the Business Day on which such Issuing Bank notifies the Company of the date
and amount of a draft presented under such Letter of Credit and paid by such Issuing Bank for the
amount of (i) such draft so paid and (ii) any taxes, fees, charges or other costs or expenses
reasonably incurred by such Issuing Bank in connection with such payment. Each such payment shall
be made to such Issuing Bank at its Issuing Office in the Currency in which payment of such draft
was made and in immediately available funds.

          (b) Interest shall be payable on any and all amounts remaining unpaid by the Company under
this subsection from the date such amounts are required to be paid by the Issuing Bank until
payment in full at the ABR then in effect plus the Applicable Margin then in effect until
the third (3rd) Business Day next succeeding the date of the relevant notice and thereafter at the
rate which is 2% above the ABR then in effect plus the Applicable Margin then in effect.

     4.6. Obligations Absolute. (a) The obligations of the Company under this Section 4
shall be absolute and unconditional under any and all circumstances and irrespective of any
set-off, counterclaim or defense to payment which the Company may have or have had against any
Issuing Bank or any beneficiary of a Letter of Credit.

          (b) The Company also agrees with each Issuing Bank in respect of each Letter of Credit issued
by such Issuing Bank that such Issuing Bank shall not be responsible for, and the Company’s
Reimbursement Obligations under subsection 4.5(a) shall not be affected by, among

31

 

other things, (i)
the validity or genuineness of documents or of any endorsements thereon, even though such documents
shall in fact prove to be invalid, fraudulent or forged,
provided, that reliance upon such
documents by such Issuing Bank shall not have constituted gross negligence or willful misconduct of
such Issuing Bank or (ii) any dispute between or among the Company and any beneficiary of any
Letter of Credit or any other party to which such Letter of Credit may be transferred or (iii) any
claims whatsoever of the Company against any beneficiary of such Letter of Credit or any such
transferee.

          (c) The Issuing Banks shall not be liable for any error, omission, interruption or delay in
transmission, dispatch or delivery of any message or advice, however transmitted, in connection
with any Letter of Credit, except for errors or omissions caused by such Issuing Bank’s gross
negligence or willful misconduct.

          (d) The Company agrees that any action taken or omitted by any Issuing Bank under or in
connection with any Letter of Credit or the related drafts or documents, if done in the
absence of gross negligence or willful misconduct and in accordance with the standards of care
specified in the Uniform Customs (with respect to any commercial Letter of Credit) or the ISP (with
respect to any Standby Letter of Credit), shall be binding on the Company and shall not result in
any liability of such Issuing Bank to the Company.

     4.7. Letter of Credit Payments. If any draft shall be presented for payment to an
Issuing Bank under any Letter of Credit, such Issuing Bank shall promptly notify the Company of the
date and amount thereof. The responsibility of the Issuing Bank to the Company in connection with
any draft presented for payment under any Letter of Credit shall, in addition to any payment
obligation expressly provided for in such Letter of Credit, be limited to determining that the
documents (including each draft) delivered under such Letter of Credit in connection with such
presentment are in compliance with such Letter of Credit.

     4.8. Application. To the extent that any provision of any Application related to any
Letter of Credit is inconsistent with the provisions of this Section 4, the provisions of this
Section 4 shall apply.

     4.9. Issuance of Letters of Credit Priority for Acceptance of Time Drafts.
Notwithstanding anything to the contrary contained in this Section 4, the Company may request that
any Letter of Credit permit drawings thereunder to be by means of acceptance by the Issuing Bank of
a time draft (a “Time Draft”) rather than by payment of a sight draft. Each Time Draft
shall (in addition to satisfying all of the provisions set forth in this Section 4, except to the
extent such provisions conflict with the provisions in this subsection 4.9 (in which case this
subsection 4.9 shall be controlling)) expire no later than the earliest of (i) 90 days following
the acceptance of such Time Draft by the related Issuing Bank, (ii) 5 Business Days prior to the
Termination Date and (iii) 180 days after the issuance of the Commercial Letter of Credit pursuant
to which such Time Draft is made. Notwithstanding anything to the contrary in this Agreement:

          (a) in calculating the outstanding amount of L/C Obligations for purpose of determining the
amount of the Commitments available for usage as Letters of Credit under subsection 4.1(a), the
face amount of each outstanding and accepted Time Draft shall be deemed to constitute L/C
Obligations;

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          (b) in calculating the undrawn face amount of any Letter of Credit for purposes of determining
the amount of Letter of Credit commission payable pursuant to subsection 4.3(a), each Letter of
Credit under which a Time Draft has been issued and accepted shall be deemed undrawn to the extent
of the face amount of such Time Draft until such Time Draft has been paid; and

          (c) each L/C Participant shall be deemed to have an undivided interest equal to such L/C
Participant’s Commitment Percentage in the Issuing Bank’s rights and obligations under any Time
Draft accepted by such Issuing Bank under any Letter of Credit.

SECTION 5

CERTAIN PROVISIONS APPLICABLE TO THE LOANS AND LETTERS OF CREDIT

     5.1. Facility Fee. (a) Each Borrower agrees to pay to the Administrative Agent for
the account of each Lender its Applicable Percentage of a facility fee for the period from and
including the Restatement Effective Date to, but excluding, the Termination Date or such earlier
date on which the Commitments shall terminate as provided herein, computed at the Facility Fee Rate
in effect from time to time on the average daily amount of the Commitment (used and unused) of such
Lender during the period for which payment is made (or after the Termination Date on the average
daily amount of the Exposure), payable quarterly in arrears on the last day of each March, June,
September and December and on the Termination Date or such earlier date on which the Commitments
shall terminate as provided herein, commencing on the first of such dates to occur after the
Restatement Effective Date.

          (b) Each Borrower agrees to pay to the Administrative Agent, for its own account and for the
account of the Lenders, the fees specified in, and in the amounts and on the dates set forth in,
the Fee Letter required to be paid by such Borrower thereunder.

     5.2. Computation of Interest and Fees. (a) Facility fees and, whenever it is
calculated on the basis of the Prime Rate, interest on ABR Loans shall be calculated on the basis
of a 365- (or 366-, as the case may be) day year for the actual days elapsed; and, otherwise,
interest and Letter of Credit commissions shall be calculated on the basis of a 360-day year for
the actual days elapsed. The Administrative Agent shall as soon as practicable notify the Company
and the Lenders of each determination of a Eurocurrency Rate. Any change in the ABR due to a
change in the Prime Rate, the Three-Month Secondary CD Rate or the Federal Funds Effective Rate
shall be effective as of the opening of business on the effective day of such change in the Prime
Rate, the Three-Month Secondary CD Rate or the Federal Funds Effective Rate, respectively. The
Administrative Agent shall as soon as practicable notify the Company and the Lenders of the
effective date and the amount of each such change in interest rate.

          (b) Each determination of an interest rate by the Administrative Agent pursuant to any
provision of this Agreement shall be conclusive and binding on the Borrowers and the Lenders in the
absence of manifest error. The Administrative Agent shall, at the request of the Company, deliver
to the Company a statement showing the quotations used by the Administrative Agent in determining
any Eurocurrency Rate.

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     5.3. Pro Rata Treatment and Payments. (a) Each borrowing by a Borrower of Committed
Rate Loans, each payment by a Borrower on account of its Applicable Percentage of any facility fee
hereunder and any reduction of the Commitments of the Lenders shall be made pro rata according to
the respective Commitment Percentages of the Lenders. Each payment (including each prepayment) by
a
Borrower on account of principal of and interest on any Committed
Rate Loans shall be made pro
rata according to the respective outstanding principal amounts of the Committed Rate Loans of such
Borrower then due and owing to the Lenders. All payments (including prepayments) to be made by a
Borrower hereunder, whether on account of principal, interest, fees, Reimbursement Obligations or
otherwise, shall be made without set off or counterclaim. All payments in respect of Committed
Rate Loans in any Currency shall be made in such Currency and in immediately available funds at the
Payment Office, and at or prior to the Payment Time, for such Type of Loans and such Currency, on
the due date thereof. The Administrative Agent shall distribute to the Lenders any payments
received by the Administrative Agent promptly upon receipt in like funds as received. If any
payment hereunder becomes due and payable on a day other than a Business Day, such payment shall be
extended to the next succeeding Business Day, and, with respect to payments of principal, interest
thereon shall be payable at the then applicable rate during such extension.

          (b) Unless the Administrative Agent shall have been notified in writing by any Lender prior to
a Borrowing Date in respect of Committed Rate Loans that such Lender will not make the amount that
would constitute its Commitment Percentage of such borrowing available to the Administrative Agent,
the Administrative Agent may assume that such Lender is making such amount available to the
Administrative Agent, and the Administrative Agent may, in reliance upon such assumption, make
available to the applicable Borrower requesting such Loan a corresponding amount. If such amount
is not made available to the Administrative Agent by the required time on the Borrowing Date
therefor, such Lender shall pay to the Administrative Agent, on demand, such amount with interest
thereon at a rate equal to (A) in the case of any such Committed Rate Loans denominated in Dollars,
the daily average Federal funds rate, as quoted by the Administrative Agent, or (B) in the case of
any Committed Rate Loans denominated in an Available Foreign Currency, the rate customary in such
Currency for settlement of similar inter-bank obligations, as quoted by the Administrative Agent,
in each case for the period until such Lender makes such amount immediately available to the
Administrative Agent. A certificate of the Administrative Agent submitted to any Lender with
respect to any amounts owing under this subsection shall be conclusive in the absence of manifest
error. If such Lender’s Commitment Percentage of such borrowing is not made available to the
Administrative Agent by such Lender within three Business Days of such Borrowing Date, the
Administrative Agent shall also be entitled to recover such amount with interest thereon at the
rate per annum applicable to Committed Rate Loans in such Currency hereunder, on demand, from the
applicable Borrower of such Loan.

     5.4. Requirements of Law. (a) If after the Restatement Effective Date the adoption of
or any change in any Requirement of Law or in the interpretation thereof by any Governmental
Authority charged with the administration or interpretation thereof or compliance by any Lender
with any request or directive (whether or not having the force of law) applicable generally in the
jurisdiction of such Lender to banking institutions of the same type as such Lender

34

 

     (i) shall subject any Lender to any tax of any kind whatsoever with
respect to this Agreement, any Eurocurrency Loan made by it to a Borrower or any
Extension of Credit to a Borrower, or change the basis of taxation of payments to
such Lender in respect thereof (except for Non-Excluded Taxes covered by subsection
5.6 and the imposition of, or any change in the rate or other basis of, any Excluded
Tax payable by such Lender);

     (ii) shall impose, modify or hold applicable any reserve, special deposit,
compulsory loan or similar requirement against assets held by, deposits with or for
the account of, or advances, loans or other extensions of credit by, any office of
such Lender which is not otherwise included in the determination of the Eurocurrency
Rate; or

     (iii) shall impose on such Lender any other condition affecting Eurocurrency
Loans made by such Lender to a Borrower, or Extensions of Credit by such Lender to a
Borrower;

and the result of any of the foregoing is to increase the cost to such Lender, by an amount which
such Lender reasonably deems to be material, of making, converting into, continuing or maintaining
Eurocurrency Loans to a Borrower or issuing for or participating in Letters of Credit of the
Company or to reduce any amount receivable hereunder in respect thereof, and such Lender has no
reasonable means (as it shall determine in its sole discretion acting in good faith) to avoid such
costs or reductions, then, in any such case, the applicable Borrower of such Loan or, in the case
of the Company, with respect to such Letter of Credit shall promptly pay such Lender following
receipt of a certificate of such Lender in accordance with subsection 5.4(d) such additional amount
or amounts as will compensate such Lender for such increased cost or reduction suffered.

          (b) If any Lender shall have determined that the adoption of or any change in any Requirement
of Law regarding capital adequacy or in the interpretation thereof by any Governmental Authority
charged with the administration or interpretation thereof or compliance by such Lender or any
corporation controlling such Lender with any request or directive regarding capital adequacy
(whether or not having the force of law) made subsequent to the Restatement Effective Date shall
have the effect of reducing the rate of return on such Lender’s or such corporation’s capital, if
any, as a consequence of its obligations hereunder to a level below that which such Lender or such
corporation could have achieved but for such adoption, change or compliance (taking into
consideration such Lender’s or such corporation’s policies with respect to capital adequacy) by an
amount deemed by such Lender to be material, then from time to time, each Borrower shall promptly
pay to such Lender following receipt of a certificate of such Lender in accordance with subsection
5.4(d) its Applicable Percentage of such additional amount or amounts as will compensate such
Lender for any such reduction suffered. Notwithstanding any other provision in this paragraph (b),
no Lender shall be entitled to demand compensation pursuant to this paragraph (b) if it shall not
then be the general practice of such Lender or such corporation to demand such compensation in
similar circumstances under comparable provisions of other comparable credit agreements.

35

 

          (c) A certificate of each Lender setting forth such amount or amounts as shall be necessary to
compensate such Lender or such corporation as specified in paragraph (a) or (b) above, as the case
may be, and setting forth in reasonable detail an explanation of the basis of requesting such
compensation in accordance with paragraph (a) or (b) above, including calculations in detail
comparable to the detail set forth in Certificates delivered to such Lender in similar
circumstances under comparable provisions of other comparable credit agreements, shall be delivered
to the Borrowers and shall be conclusive absent manifest error. Each Borrower, as required by
paragraph (a) or (b) above, shall pay each Lender the amount shown as due on any such certificate
delivered to it within ten (10) days after its receipt of the same.

          (d) Failure on the part of any Lender to demand compensation for any increased costs or
reduction in amounts received or receivable or reduction in return on capital with respect to any
period shall not constitute a waiver of such Lender’s right to demand compensation with respect to
such period or any other period, except that no Lender shall be entitled to compensation under this
subsection 5.4 for any such costs incurred or any such reduction suffered with respect to any date
unless such Lender shall have notified the Borrowers that it will demand compensation for such
costs or reductions under paragraph (c) above, not more than six months after the later of (i) such
date and (ii) the date on which such Lender as applicable, shall have become aware of such costs or
reductions. The protection of this subsection 5.4 shall be available to each Lender regardless of
any possible contention of the invalidity or inapplicability of the law, rule, regulation,
guideline or other change or condition that shall have occurred or been imposed.

          (e) The agreements in this subsection shall survive the termination of this Agreement and the
payment of the Loans and all other amounts payable hereunder.

     5.5. Taxes. (a) All payments made by the Borrowers under this Agreement shall be made free
and clear of, and without deduction or withholding for or on account of, any present or future
income, stamp or other taxes, levies, imposts, duties, charges, fees, deductions or withholdings,
now or hereafter imposed, levied, collected, withheld or assessed by any Governmental Authority
(other than Excluded Taxes). If any such non-excluded taxes, levies, imposts, duties, charges,
fees deductions or withholdings (“Non-Excluded Taxes”) are required to be withheld from any
amounts payable by a Borrower to the Administrative Agent or any Lender hereunder, the amounts so
payable to the Administrative Agent or such Lender shall be increased to the extent necessary to
yield to the Administrative Agent or such Lender (after payment of all Non-Excluded Taxes) interest
or any such other amounts payable hereunder at the rates or in the amounts specified in this
Agreement. Whenever any Non-Excluded Taxes are payable by a Borrower, such Borrower shall timely
pay such Non-Excluded Taxes and shall send to the Administrative Agent for its own account or for
the account of such Lender, as the case may be, a certified copy of an original official receipt
received by such Borrower showing payment thereof. If the applicable Borrower fails to pay any
Non-Excluded Taxes when due to the appropriate taxing authority or fails to remit to the
Administrative Agent the required receipts or other required documentary evidence, such Borrower
shall indemnify the Administrative Agent and the Lenders for any incremental taxes, interest or
penalties that may become payable by the Administrative Agent or any Lender as a result of any such
failure. Notwithstanding the
foregoing, each Borrower shall be required to make any payments in respect of Non-Excluded
Taxes to any Lender that has changed the Funding Office at which it maintains the Extensions of

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Credit to which such Non-Excluded Taxes relate (other than any such change in Funding Office made
by such Lender pursuant to subsection 5.7 to avoid or minimize the application or effects of
subsection 5.4 or 5.5) in an amount greater than such Borrower would have been required to pay
pursuant to this subsection 5.5 if no such change in Funding Office had occurred. The agreements
in this subsection shall survive the termination of this Agreement and the payment of the Loans and
all other amounts payable hereunder.

          (b) Each Lender that is entitled to an exemption from or reduction of withholding tax under
the law of the jurisdiction in which a Borrower is resident for tax purposes, or any treaty to
which such jurisdiction is a party, with respect to payments hereunder or under any other Loan
Document shall deliver to the Company (with a copy to the Administrative Agent), at the time or
times prescribed by applicable law or reasonably requested by the Company or the Administrative
Agent, such properly completed and executed documentation prescribed by applicable law as will
permit such payments to be made without withholding or at a reduced rate of withholding. In
addition, any Lender, if requested by the Company or the Administrative Agent, shall deliver such
other documentation prescribed by applicable law or reasonably requested by the Company or the
Administrative Agent as will enable the Company or the Administrative Agent to determine whether or
not such Lender is subject to backup withholding or information reporting requirements, provided
such Lender is legally able to do so.

     Without limiting the generality of the foregoing, each Lender that is not incorporated,
created or organized under the laws of the United States of America or a state or political
subdivision thereof (a “Non-U.S. Lender”) shall:

     (i) deliver to the Company and the Administrative Agent (A) two duly completed
copies of either United States Internal Revenue Service Form W-8BEN (with respect to
entitlement to treaty benefits) or W-8ECI, or successor applicable form, as
applicable, (B) in the case of a Non-U.S. Lender claiming exemption from U.S.
Federal withholdings tax under Section 871(h) or 881(c) of the Code with respect to
payments of “portfolio interests,” a statement substantially in the form of
Exhibit L hereto and a Form W-8BEN, and (C) 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 Company to
determine the withholding or deduction required to be made; or applicable successor
form, in each case, demonstrating such Non-U.S. Lender’s entitlement to a complete
exemption from U.S. Federal withholding tax on all payments by the Company under
this Agreement,

     (ii) deliver to the Company and the Administrative Agent two further current
copies of any such form or certification on or before the date that any such form or
certification expires or becomes obsolete and after the occurrence of any event
requiring a change in the most recent form previously delivered by it to the
Company; and

37

 

     (iii) obtain such extensions of time for filing and complete such forms or
certifications as may reasonably be requested by the Company or the Administrative
Agent;

unless in any such case an event (including, without limitation, any change in treaty, law or
regulation) has occurred prior to the date on which any such delivery would otherwise be required
which renders all such forms inapplicable or which would prevent such Lender from duly completing
and delivering any such form with respect to it and such Lender so advises the Company and the
Administrative Agent or the legal basis therefor. Each Person that shall become a Lender or a
Participant pursuant to subsection 12.6 shall, upon the effectiveness of the related transfer, be
required to provide all of the forms and statements required pursuant to this subsection,
provided that in the case of a Participant such Participant shall furnish all such required
forms and statements to the Lender from which the related participation shall have been purchased.

     5.6. Indemnity. Each Borrower agrees to indemnify each Lender and to hold each Lender
harmless from any loss or reasonable expense which such Lender may sustain or incur as a
consequence of (a) default by such Borrower in making a borrowing of, conversion into or
continuation of a Loan after such Borrower has given a notice requesting the same in accordance
with the provisions of this Agreement, (b) default by such Borrower in making any prepayment after
such Borrower has given a notice thereof in accordance with the provisions of this Agreement or (c)
the making by such Borrower of a prepayment of Eurocurrency Loans or Competitive Advance Loans on a
day which is not the last day of an Interest Period or the maturity date, as the case may be, with
respect thereto. Such loss or reasonable expense shall be equal to the sum of (a) such Lender’s
actual costs and expenses incurred (other than any lost profits) in connection with, or by reason
of, any of the foregoing events and (b) an amount equal to the excess, if any, as reasonably
determined by such Lender of (i) its cost of obtaining the funds for the Loan being paid, prepaid,
converted or continued (assumed to be the Eurocurrency Rate applicable thereto) for the period from
and including the date for such payment, prepayment, conversion or continuation to but excluding
the last day of the Interest Period for such Loan over (ii) the amount of interest (as reasonably
determined by such Lender) that would be realized by such Lender in reemploying the funds so paid,
prepaid, converted or continued for such period or Interest Period, as the case maybe. A
certificate of any Lender setting forth any amount or amounts, including calculations in reasonable
detail, that such Lender is entitled to receive pursuant to this subsection 5.6 shall be delivered
to the applicable Borrower and shall be conclusive absent manifest error. This covenant shall
survive the termination of this Agreement and the payment of the Loans and all other amounts
payable hereunder.

     5.7. Change of Lending Office. (a) Each Lender agrees that upon the occurrence of any
event giving rise to the operation of subsection 5.4 or 5.5, it will use reasonable efforts
(consistent with legal and regulatory restrictions) to file any certificate or document requested
by the Borrowers or designate a different lending office for Extensions of Credit affected by such
event or to assign its rights and obligations hereunder to another of its offices, branches or
affiliates with the object
of avoiding or minimizing the consequences of such event;
provided, that such filing,
designation or assignment is made on terms that, in the sole judgment of such Lender, cause such
Lender and its lending office(s) to suffer no material economic, legal or regulatory disadvantage;
and, provided, further, that nothing in this subsection 5.7 shall affect or

38

 

postpone any of the
obligations of the Company or the rights of any Lender pursuant to subsection 5.4 or 5.5.

          (b) In the event that any Lender shall have delivered a notice or certificate pursuant to
subsection 5.4 or 5.5, or if any Lender shall default in its obligations to fund any Loans
hereunder, then the Company shall have the right, but not the obligation, at its expense, upon
notice to such Lender and the Administrative Agent, to replace such Lender with an assignee (in
accordance with and subject to the restrictions contained in subsection 12.6), and such Lender
hereby agrees to transfer and assign without recourse (in accordance with and subject to the
restrictions contained in subsection 12.6) all its interests, rights and obligations under this
Agreement to such assignee; provided, however, that no Lender shall be obligated to make any such
assignment unless (i) such assignment shall not violate any Requirement of Law, (ii) such assignee
shall pay to the affected Lender in immediately available funds on the date of such assignment the
outstanding principal amount of the Loans made by such Lender hereunder and (iii) each Borrower
shall pay to the affected Lender in immediately available funds on the date of such assignment the
interest accrued to the date of payment on the Loans made by such Lender hereunder to such Borrower
and all other amounts accrued for such Lender’s account or owed to it hereunder (including any
amount that would be payable to such Lender pursuant to subsection 5.6 if such assignment were,
instead, a prepayment).

     5.8. Company Controls on Exposure; Calculation of Exposure; Prepayment if Exposure Exceeds
Commitments. (a) The Company will monitor the borrowings and repayments of Loans by the
Borrowers and the issuance of and drawings under Letters of Credit and Time Drafts, with the object
of preventing any request for an Extension of Credit that would result in the aggregate amount of
the Exposure being in excess of the Commitments and of promptly identifying and remedying any
circumstance where, by reason of changes in exchange rates, the aggregate amount of the Exposure
does exceed the Commitments. In the event that at any time the Company determines that the
aggregate amount of the Exposure exceeds the aggregate amount of the Commitments by more that 5%,
each Borrower will, as soon as practicable but in any event within five (5) Business Days of making
such determination, make such repayments or prepayments of Loans made to such Borrower as shall be
necessary to cause the aggregate amount of the Exposure to no longer exceed the Commitments.

          (b) The Administrative Agent will calculate the aggregate amount of the Exposure (including
the aggregate amount of L/C Obligations) from time to time, and in any event not less frequently
than once during each calendar week. In making such calculations, the Administrative Agent will
rely on the information most recently received by it from Lenders in respect of outstanding
Competitive Advance Loans and from Issuing Banks in respect of outstanding Letters of Credit
(including, with respect to such Issuing Banks, the conversion ratios in respect of the non-Dollar
denominated Letters of Credit provided to the Administrative Agent by such Issuing Banks on the
fifteenth day and the end of each month (or on the Business Day next succeeding such days)). Upon
making each such calculation, the Administrative Agent
will inform the Company of the results thereof and, upon the request of any Lender, inform
such Lender of the results thereof.

          (c) In the event that on any date the Administrative Agent calculates that the aggregate
amount of the Exposure exceeds the aggregate amount of the Commitments by more

39

 

than 5%, the
Administrative Agent will give notice to such effect to the Company. Within five Business Days
after receipt of any such notice, each Borrower will, as soon as practicable but in any event
within five Business Days of receipt of such notice, make such repayments or prepayments of Loans
made to such Borrower as shall be necessary to cause the aggregate amount of the Exposure to no
longer exceed the Commitments.

          (d) Any prepayment required to be made pursuant to this subsection 5.8 shall be accompanied by
payment of amounts payable, if any, pursuant to subsection 5.6 in respect of the amount so prepaid.

     5.9. Tax Confirmation. (a)Upon written request of the Additional Borrower, and additionally as
provided in paragraph (f) below, the Lenders shall, as soon as reasonably practicable, issue
confirmations (each a “Tax Confirmation”), but not more than once a year unless the Company
demonstrates to the satisfaction of the Administrative Agent that more than one Tax Confirmation is
required in a particular year, in order to enable the Additional Borrower to provide sufficient
proof to the German tax authorities about absence of any back-to-back financing within the meaning
of the public decrees of the tax authorities (the “Decrees”) to Section 8a of the German
Corporate Income Tax Act (Körperschaftsteuergesetz) dated July 15, 2004 and July 22, 2005.

          (b) The Additional Borrower will forward to the Lenders such information which may be
reasonably required by the Lenders (based on the then applicable practice of the German tax
authorities) to enable the Lenders to issue the Tax Confirmation.

          (c) The Tax Confirmations shall not contain any statements that the Lenders are not permitted
to issue by law, administrative rule or regulation of the jurisdiction the relevant Lender or any
of its affiliates is subject to.

          (d) The Borrowers confirm to each Lender and to the Administrative Agent that the Tax
Confirmations will be issued by the Lenders exclusively at the request of the Additional Borrower
and solely for providing proof to the German tax authorities of the absence of any
back-to-back-financing pursuant to the Decrees with respect to the Loan Documents and that neither
the Lenders nor the Administrative Agent are responsible for examining the Borrowers’ tax position
or for achieving any certain tax treatment of the Borrowers. Furthermore, each Borrower confirms to
each Lender and to the Administrative Agent that a Tax Confirmation is not given for the Borrowers
to rely on, but only for delivery to the competent tax authorities and that, therefore, no Borrower
shall raise any claims against a Lender or the Administrative Agent based on, or in connection
with, a (correct or incorrect) Tax Confirmation. No Lender will be, and the Administrative Agent
will not be, liable for any loss, expense or any other cost whatsoever incurred or suffered by a
Borrower as a consequence of any Tax Confirmation made by a Lender (or by the Administrative Agent
on behalf of a Lender);
provided, that the Borrowers shall have no obligation hereunder with respect to any loss, expense
or other cost arising from the gross negligence or willful misconduct of a Lender (or by the
Administrative Agent on behalf of a Lender).

          (e) The Lenders agree to issue the Tax Confirmations in each case substantially in the form
attached hereto as Exhibit 5.9 (Form of Tax Confirmation). Any costs

40

 

and expenses
reasonably incurred by any Lender in connection with the provision of the Tax Confirmations will be
borne by the Additional Borrower.

          (f) The Lenders will issue an amended form of Tax Confirmation to be reasonably agreed upon in
the event that the tax laws (or the official interpretation of them by the German tax
administration) applicable as of the Restatement Effective Date are amended. Each Lender is
permitted to issue an adjusted Tax Confirmation at any time, and, in particular, in respect of any
amendment to the Loan Documents.

          (g) Each of the Company and the Additional Borrower will hold harmless the Lenders or any of
them from any claims raised against them by third parties only on the grounds of having issued a
Tax Confirmation; provided, that the Borrowers shall have no obligation hereunder with respect to
liabilities arising from the gross negligence or willful misconduct of a Lender (or by the
Administrative Agent on behalf of a Lender).

SECTION 6

REPRESENTATIONS AND WARRANTIES

     To induce the Administrative Agent and the Lenders to enter into this Agreement, to make the
Loans and to issue and/or participate in the Letters of Credit, each of the Borrowers hereby
represents and warrants to the Administrative Agent and each Lender that:

     6.1. Financial Condition. The audited consolidated balance sheet of the Company and its
consolidated Subsidiaries as at June 30, 2005 and the related consolidated statements of income and
of cash flows for the fiscal year ended on such date, reported on by KPMG LLP and set forth in the
Company’s annual report for the year ended June 30, 2005, as filed with the SEC on Form 10-K,
copies of which have heretofore been furnished to each Lender, present fairly the consolidated
financial condition of the Company and its consolidated Subsidiaries as at such date, and their
consolidated results of operations and cash flows for such fiscal year. The unaudited consolidated
balance sheet of the Company and its consolidated Subsidiaries as of March 31, 2006 and the related
unaudited consolidated statements of income and cash flows for the nine-month period ended on such
date, present fairly the consolidated financial condition of the Company and its consolidated
Subsidiaries as of such date, and their consolidated results of operations and cash flows for the
nine-month period then ended (subject to normal year-end audit adjustments and the absence of
footnotes). All such financial statements, including the related schedules and notes thereto, have
been prepared in accordance with GAAP applied
consistently throughout the periods involved (except as approved by such accountants or
Responsible Officer of the Company, as the case may be, and as disclosed therein).

     6.2. No Change. Since March 31, 2006 as of the date of this Agreement there has been no
development or event which has had or is reasonably expected to have a Material Adverse Effect.

     6.3. Corporate Existence; Compliance with Law. Each of the Company and its Subsidiaries
(a) is duly incorporated or organized, validly existing and in good standing under the laws of the
jurisdiction of its incorporation or other organization, except to the extent, with

41

 

respect to a
Subsidiary, where any failure to maintain existence or good standing would not have a Material
Adverse Effect, (b) has the corporate or other organizational power and authority to own and
operate its property, to lease the property it operates as lessee and to conduct the business in
which it is currently engaged, (c) is duly qualified as a foreign corporation or other entity under
the laws of each jurisdiction where its ownership, lease or operation of property or the conduct of
its business requires such qualification except to the extent that any failure to so qualify would
not reasonably expected to have a Material Adverse Effect and (d) is in compliance with all
applicable Requirements of Law except to the extent that any failure to so comply is not reasonably
expected to have a Material Adverse Effect.

     6.4. Corporate Power; Authorization; Enforceable Obligations. Each Borrower has the
corporate or organizational power, as applicable, and authority to make, deliver and perform the
Loan Documents to which it is a party and to borrow hereunder and has taken all necessary corporate
or organizational action, as applicable, to authorize the borrowings on the terms and conditions of
this Agreement and to authorize the execution, delivery and performance of the Loan Documents to
which it is a party. No consent or authorization of, filing with, notice to or other act by or in
respect of, any Governmental Authority or any other Person is required in connection with the
borrowings hereunder or with the execution, delivery, performance, validity or enforceability of
the Loan Documents to which a Borrower is a party, except for any failure to obtain any such
consent or authorization or make any such filing in connection with the borrowings hereunder that
would not reasonably be expected to have a Material Adverse Effect. This Agreement has been, and
each other Loan Document to which it is a party will be, duly executed and delivered on behalf of
each Borrower. This Agreement constitutes, and each other Loan Document to which it is a party
when executed and delivered will constitute, a valid and binding obligation of each Borrower
enforceable against it in accordance with its terms, except as enforceability may be limited by
applicable bankruptcy, insolvency, reorganization, moratorium or similar laws affecting the
enforcement of creditors’ rights generally and by general equitable principles (whether enforcement
is sought by proceedings in equity or at law).

     6.5. No Legal Bar. The execution, delivery and performance of the Loan Documents to which
a Borrower is a party, the borrowings hereunder and the use of the proceeds thereof will not (a)
violate any
Requirement of Law or Contractual Obligation of the Company or of any of its Subsidiaries
except where any such violation would not reasonably expected to result in a Material Adverse
Effect or (b) result in the creation or imposition of any Lien on any of its or their respective
properties or revenues pursuant to any such Requirement of Law or Contractual Obligation except
where any such creation or imposition of any such Lien would not reasonably be expected to have a
Material Adverse Effect.

     6.6. No Material Litigation. No litigation, investigation or proceeding of or before any
arbitrator or Governmental Authority is pending or, to the knowledge of the Company, threatened by
or against the Company or any of its Subsidiaries or against any of its or their respective
properties or revenues (a) with respect to any of the Loan Documents or any of the transactions
contemplated hereby or thereby or (b) which is reasonably expected to have a Material Adverse
Effect.

     6.7. No Default. Neither the Company nor any of its Subsidiaries is in default under or
with respect to any of its Contractual Obligations in any respect which would reasonably be

42

 

expected to have a Material Adverse Effect. No Default or Event of Default has occurred and is
continuing.

     6.8. Ownership of Real Property; Liens. Each of the Company and its Subsidiaries has good
and marketable title to, or valid leasehold interests in, all of its material real property, except
for minor defects in title and other Liens that do not interfere in any material respect with such
Person’s ability to conduct its business as presently conducted. All such material real properties
are free and clear of all Liens, other than Liens permitted by subsection 9.3.

     6.9. Intellectual Property. The Company and each of its Subsidiaries owns, or is licensed
to use, all trademarks, tradenames, copyrights, technology, know-how and processes required for the
conduct of its business as currently conducted except for any such failures to own or license which
would not reasonably expected to have a Material Adverse Effect (the “Intellectual Property”). No
claim has been asserted against the Company or any Subsidiary and is pending by any Person
challenging the use by the Company or any Subsidiary of any such Intellectual Property or the
validity or effectiveness of any such Intellectual Property, nor does the Company know of any valid
basis for any such claim, except, in each case, for any claims that would not reasonably be
expected to have a Material Adverse Effect. To the knowledge of the Company, the use of such
Intellectual Property by the Company and its Subsidiaries does not infringe on the rights of any
Person, except for such claims and infringements that, in the aggregate, are not reasonably
expected to have a Material Adverse Effect.

     6.10. Taxes. Each of the Company and its Subsidiaries has filed or caused to be filed all
United States federal income tax returns and all material foreign income, excise and other tax
returns
which, to the knowledge of the Company, are required to be filed by the Company or any such
Subsidiary and has paid or made for the provision of payment of all taxes shown to be due and
payable on said returns or on any assessments made against it or any of its property in respect
thereof received by the Company or its Subsidiaries and all other taxes, fees or other charges
imposed on it or any of its property by any Governmental Authority (other than any amount the
validity of which is currently being contested in good faith by appropriate proceedings and with
respect to which reserves in conformity with GAAP have been provided on the books of the Company or
its Subsidiaries, as the case may be) except, in each case, (a) taxes that are being contested in
good faith and for which adequate reserves have been provided and (b) other taxes where any such
failure to file or any such failure to pay would not reasonably be expected to have a Material
Adverse Effect; no tax Lien has been filed in respect of any material amount of unpaid taxes in
respect of which, to the knowledge of the Company, any claim is being asserted, except where such
claim is not reasonably expected to result in a Material Adverse Effect.

     6.11. Federal Regulations. No part of the proceeds of any Loans will be used for
“purchasing” or “carrying” any “margin stock” within the respective meanings of each of the quoted
terms under Regulation U of the Board as now and from time to time hereafter in effect. If
requested by any Lender or the Administrative Agent, the Company will furnish to the Administrative
Agent and each Lender a statement to the foregoing effect in conformity with the requirements of FR
Form G-3 or FR Form U-1 referred to in said Regulation U.

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     6.12. ERISA. Except as would not reasonably be expected, either individually or in the
aggregate, to have a Material Adverse Effect, (i) neither a Reportable Event which would reasonably
be expected to result in the termination of a Single Employer Plan nor an “accumulated funding
deficiency” (within the meaning of Section 412 of the Code or Section 302 of ERISA) has occurred
during the five-year period prior to the date on which this representation is made or deemed made
on the date of any Extension of Credit with respect to any Single Employer Plan or, to the
Company’s knowledge, Multiemployer Plan; (ii) each Plan has complied in all material respects with
the applicable provisions of ERISA and the Code; (iii) no termination of a Single Employer Plan has
occurred, and no Lien (other than Liens permitted under subsection 9.3) on assets of the Company or
any Commonly Controlled Entity in favor of the PBGC or a Single Employer Plan has arisen, during
such five-year period; and (iv) the present value of all accrued benefits under each Single
Employer Plan (based on actuarial assumptions used for funding purposes in the most recent
actuarial evaluation reasonably prepared by such Plan’s actuary with respect to such Plan) did not,
as of the last annual valuation date prior to the date on which this representation is made or
deemed made on the date of any Extension of Credit, exceed the then-current value of the assets of
such Plan allocable to such accrued benefits. Except as would not reasonably be expected, either
individually or in the aggregate, to have a Material Adverse Effect, (i) neither the Company nor
any Commonly Controlled Entity has had a complete or partial withdrawal from any Multiemployer
Plan; (ii) neither the Company nor any Commonly Controlled Entity would become subject to any
liability under ERISA if (a) the Company or any such Commonly Controlled Entity were to withdraw
completely from all Multiemployer Plans as of the valuation date most closely preceding the date on
which this representation is made or
deemed made or (b) any such Multiemployer Plan is in Reorganization or Insolvent. The present
value (determined using actuarial and other assumptions which are reasonable in respect of the
benefits provided and the employees participating) of the liability of the Company and each
Commonly Controlled Entity for accrued post retirement benefits to be provided to their current and
former employees under Plans which are welfare benefit plans (as defined in Section 3(1) of ERISA)
does not, in the aggregate, exceed the value of the assets under all such Plans allocable to such
benefits by an amount in excess of $25,000,000.

     6.13. Investment Company Act; Other Regulations. Neither Borrower is an “investment
company”, or a company “controlled” by an “investment company,” within the meaning of the
Investment Company Act of 1940, as amended. Neither Borrower is subject to regulation under any
Federal or State statute or regulation (other than Regulation X of the Board of Governors of the
Federal Reserve System) which limits its ability to incur Indebtedness under this Agreement.

     6.14. Subsidiaries. As of the date of this Agreement, Schedule 6.14 lists all the
Subsidiaries of the Company as of the Restatement Effective Date.

     6.15. Purpose of Loans and Letters of Credit. The proceeds of the Loans and the Letters of
Credit shall be used by the Company and its Subsidiaries to refinance existing bank lines and for
all other general corporate purposes including, without limitation, working capital, letters of
credit, repayment, prepayment or purchase of long-term Indebtedness, Investments and Restricted
Payments.

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     6.16. Accuracy and Completeness of Information. All written certificates, documents and
written statements heretofore furnished by the Company to the Lenders for use in connection with
this Agreement, and all such information hereafter furnished by the Company to any Lender for use
in connection with this Agreement, will not, at the time delivered, taken as a whole with all other
certificates, documents and written statements furnished substantially contemporaneously therewith,
contain any untrue statement of a material fact or omit to state a material fact known to the
Company and necessary in order to make the statements made or to be made, in the light of the
circumstances under which they were or will be made, not misleading.

     6.17. Environmental Matters. Except to the extent that any of the following are not
reasonably expected to have a Material Adverse Effect:

          (a) The facilities and properties owned, leased or operated by the Company or any of its
Subsidiaries (the “Properties”) do not to the knowledge of the Company after due inquiry
contain and, to the knowledge of the Company during its period of ownership, lease or operation of
the Properties, have not previously contained, any Materials of Environmental
Concern in amounts or concentrations which (i) constitute a violation of, or (ii) are
reasonably expected to give rise to liability on the part of the Company or any of its Restricted
Subsidiaries under, any applicable Environmental Law.

          (b) The Properties and all operations at the Properties are in compliance, and during the
five-year period prior to the date on which this representation is made or deemed made on the date
of any Extension of Credit been in compliance, in all material respects with all applicable
Environmental Laws, and there is no contamination of Materials of Environmental Concern at, under
or about the Properties or violation of any Environmental Law with respect to the Properties or the
business operated by the Company or any of its Subsidiaries on such Properties (the
“Business”) which could materially interfere with the continued operation of the Properties
or materially impair the fair saleable value thereof.

          (c) Neither the Company nor any of its Subsidiaries has received any written notice of
violation, alleged violation, non-compliance, liability or potential liability regarding or
compliance or non-compliance with any applicable Environmental Laws with regard to any of the
Properties or the Business, nor does the Company have knowledge or reason to believe that any such
notice will be received or is being threatened.

          (d) Materials of Environmental Concern have not to the knowledge of the Company after due
inquiry been transported or disposed of from the Properties in violation of any applicable
Environmental Law, nor have any Materials of Environmental Concern to the knowledge of the Company
after due inquiry been generated, treated, stored or disposed of at, on or under any of the
Properties in violation of, or in a manner that would reasonably be expected to give rise to
liability on the part of the Company or its Subsidiaries under, any applicable Environmental Law.

          (e) No judicial proceeding or governmental or administrative action is pending or, to the
knowledge of the Company, threatened, under any Environmental Law to which the Company or any
Subsidiary is or will be named as a party with respect to the Properties or the Business, nor are
there any consent decrees or other decrees, consent orders,

45

 

administrative orders or other orders, or other administrative or judicial requirements outstanding under any Environmental Law with
respect to the Properties or the Business.

          (f) There has been no release of Materials of Environmental Concern at or from the Properties,
or arising from or related to the operations of the Company or any Subsidiary in connection with
the Properties or otherwise in connection with the Business, in violation of any applicable
Environmental Laws.

SECTION 7

CONDITIONS PRECEDENT

     7.1. Conditions to Initial Extensions of Credit. The agreement of each Lender to make the
initial Extension of Credit requested to be made by it is subject to the satisfaction, immediately
prior to or concurrently with the making of
such Extension of Credit on the Restatement Effective Date, of the following conditions
precedent:

          (a) Loan Documents. The Administrative Agent shall have received (i) this Agreement,
executed and delivered by the Majority Lenders, the Company and the Additional Borrower and (ii)
the Guarantee executed and delivered by the Company.

          (b) Borrowing Certificate. The Administrative Agent shall have received, with a
counterpart for each Lender, a certificate of each Borrower, dated the Restatement Effective Date,
substantially in the form of Exhibit B hereto, with appropriate insertions and attachments,
satisfactory in form and substance to the Administrative Agent, executed by two Responsible
Officers of each Borrower. There shall be attached to such certificate (i) a copy of the
resolutions, in form and substance satisfactory to the Administrative Agent, of the Board of
Directors (or other comparable governing body) of such Borrower authorizing the execution, delivery
and performance of this Agreement and (ii) specimen signatures of officers of such Borrower
authorized to execute this Agreement and related documents as of the Restatement Effective Date.

          (c) Corporate Documents. The Administrative Agent shall have received, with a
counterpart for each Lender, true and complete copies of the certificate of incorporation and
by-laws (or other comparable organizational documents) of each Borrower, certified as of the
Restatement Effective Date as complete and correct copies thereof by two Responsible Officers of
such Borrower.

          (d) Consents, Licenses and Approvals. The Administrative Agent shall have received,
with a counterpart for each Lender, a certificate of a Responsible Officer of each Borrower (i)
attaching copies of all consents, authorizations and filings, if any, referred to in subsection
6.4, and (ii) stating that such consents, authorizations and filings are in full force and effect,
and each such consent, authorization and filing shall be in form and substance satisfactory to the
Administrative Agent.

          (e) Financial Statements. The Administrative Agent shall have received, with a copy
for each Lender the financial statements described in subsection 6.1.

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          (f) Legal Opinions. The Administrative Agent shall have received, with a counterpart
for each Lender, the following executed legal opinions:

     (i) the executed legal opinion of Jones Day, special New York counsel to the
Company and the Additional Borrower, substantially in the form of Exhibit
I-l hereto;

     (ii) the executed legal opinion of the general counsel of the Company,
substantially in the form of Exhibit I-2 hereto; and

     (iii) the executed legal opinion of Jones Day, special German counsel to the
Additional Borrower, substantially in the form of Exhibit I-3 hereto.

Each such legal opinion shall cover such other matters incident to the transactions contemplated by
this Agreement as the Administrative Agent may reasonably require.

     7.2. Conditions to Each Extension of Credit. The agreement of each Lender to make any
Extension of Credit requested to be made by it on any date (including, without limitation, its
initial Extension of Credit) is subject to the satisfaction of the following conditions precedent:

          (a) Representations and Warranties. Each of the representations and warranties made
by the Borrowers in or pursuant to this Agreement shall be true and correct in all material
respects on and as of such date as if made on and as of such date (except to the extent any such
representations and warranties relate, by their terms, to a specific date, in which case such
representations and warranties shall be true and correct in all material respects on and as of such
specific date).

          (b) No Default. No Default or Event of Default shall have occurred and be continuing
on such date or after giving effect to the Extensions of Credit requested to be made on such date.

Each request by a Borrower for an Extension of Credit hereunder shall constitute a representation
and warranty by the Borrowers as of the date on which such Extension of Credit is to be made that
the conditions contained in this subsection have been satisfied.

SECTION 8

AFFIRMATIVE COVENANTS

     Each Borrower hereby agrees that, so long as the Commitments remain in effect or any amount is
owing by a Borrower to any Lender or the Administrative Agent hereunder the Company shall and
(except in the case of delivery of financial information, certifications, reports and notices)
shall cause each of its Restricted Subsidiaries to:

47

 

     8.1. Financial Statements. Furnish to each Lender:

          (a) within ten (10) Business Days of the availability thereof, but in any event within 90 days
after the end of each fiscal year of the Company, a copy of the consolidated balance sheet of the
Company and its consolidated Subsidiaries as at the end of such fiscal year and the related
consolidated statements of income and cash flows for such year, setting forth in each case in
comparative form the figures for the previous fiscal year, reported on without a “going concern” or
like qualification or exception with respect to such audited consolidated financial statements, by
KPMG LLP or other independent certified public accountants of nationally recognized standing (it
being understood that the report referred to in this sentence is the report with respect to the
Company’s audited consolidated financial statements and not any report with respect to the
effectiveness of the Company’s internal controls over financial reporting);

          (b) within ten (10) Business Days of the availability thereof, but in any event not later than
45 days after the end of each of the first three quarterly periods of each fiscal year of the
Company, commencing with the fiscal quarter ending September 30, 2006, the unaudited consolidated
balance sheet of the Company and its consolidated Subsidiaries as at the end of such quarter and
the related unaudited consolidated statements of income and cash flows of the Company and its
consolidated Subsidiaries for such quarter and for the portion of the Company’s fiscal year ended
at such quarter, setting forth in each case in comparative form the figures for the corresponding
previous quarter and the corresponding portion of the Company’s previous fiscal year, certified by
a Responsible Officer of the Company as being fairly stated in all material respects (subject to
normal year-end audit adjustments and the absence of footnotes);

          (c) all such financial statements shall be complete and correct in all material respects and
shall be prepared in reasonable detail and in accordance with GAAP applied consistently throughout
the periods reflected therein and with prior periods (except as approved by such accountants or
officer, as the case may be, and disclosed therein); and

          (d) promptly after the same are sent, copies of all financial statements and reports which the
Company sends to its stockholders generally, and promptly after the same are filed, copies of all
financial statements and periodic reports which the Company may make to, or file with, the U.S.
Securities and Exchange Commission (the “SEC”);

provided, that any documents required to be delivered pursuant to subsection 8.1(a), (b) or
subsection 8.2(f) (to the extent any such documents are included in materials otherwise filed with
the SEC) may be delivered electronically and if so delivered, shall be deemed to have been
delivered on the date (i) on which the Company posts such documents, or provides a link thereto, on
the Company’s website on the internet at the following website address: www.harman.com; or (ii) on
which such documents are posted on the Company’s behalf on IntraLinks/IntraAgency or another
relevant website, if any, to which each Lender and the Administrative Agent have access (whether a
commercial, third-party or SEC website or whether sponsored by the Administrative Agent);
provided that the Company shall notify (which may be by facsimile or electronic mail) the
Administrative Agent and each Lender of the posting of any such documents and provide to the
Administrative Agent by electronic mail electronic versions (i.e., soft copies)

48

 

of such
documents to the extent such Lender or the Administrative Agent reasonably demonstrates that it
cannot access or obtain such documents.

     8.2. Certificates; Other Information. Furnish to each Lender:

          (a) concurrently with the delivery of the financial statements referred to in subsection
8.1(a), a certificate of the independent certified public accountants reporting on such financial
statements stating whether to its knowledge there exists on the date of such certificate any
Default or Event of Default, and, if any such Default or Event of Default exists, specifying such
Default or Event of Default in such certificate;

          (b) concurrently with the delivery of the financial statements referred to in subsections
8.1(a) and (b), a certificate of a Responsible Officer of the Company stating that, to
the best of such Officer’s knowledge, whether any Default or Event of Default exists on the
date of such certificate and, if any such Default or Event of Default exists, specifying such
Default or Event of Default in such certificate;

          (c) within 45 days after the end of each of the first three fiscal quarters in each fiscal
year of the Company, and within 90 days after the end of each fiscal year of the Company, a
certificate of the chief financial officer of the Company showing in reasonable detail the
computations required to calculate the ratios set forth in subsection 9.1(a); and

          (d) promptly, such additional available information regarding the business or financial
condition of the Company or any of its Subsidiaries (not otherwise required to be delivered to the
Administrative Agent or any Lender under any Loan Document) as any Lender may from time to time
reasonably request.

     8.3. Payment of Obligations. Pay, discharge or otherwise satisfy (or renew or extend) at
or before maturity or before they become delinquent, as the case may be, all its obligations of
whatever nature, except (a) where the amount or validity thereof is currently being contested in
good faith by appropriate proceedings and reserves in conformity with GAAP with respect thereto
have been provided on the books of the Company or its Subsidiaries, as the case may be, or (b) to
the extent that any such failure to so pay, discharge or satisfy would not be reasonably expected
to have a Material Adverse Effect.

     8.4. Conduct of Business and Maintenance of Existence. (a) Continue to engage in business
of the same general type as now conducted by it and other businesses and activities related or
incidental thereto and (b) preserve, renew and keep in full force and effect its corporate or other
organizational existence and (c) take all reasonable action required to maintain all rights,
privileges and franchises required in the conduct of its business, except (x) in the case of clause
(b) above, as otherwise permitted pursuant to subsection 9.4 and subsection 9.5 and (y) in the case
of clause (c) above, as otherwise permitted pursuant to subsection 9.5 and to the extent any other
failure to do so would not reasonably be expected to have a Material Adverse Effect; and comply
with all Contractual Obligations and Requirements of Law except to the extent that any failure to
comply therewith would not be reasonably expected to have a Material Adverse Effect.

     8.5. Maintenance of Property; Insurance. Keep all property useful and necessary in its
business in good working order and condition (ordinary wear and tear excepted) except for any

49

 

failures to so maintain such property that would not have a Material Adverse Effect; maintain with
financially sound and reputable insurance companies insurance on all such property on an “all risk”
basis in a manner reasonably comparable to other similarly situated companies; and furnish to each
Lender, upon written request, certificates as to the insurance carried.

     8.6. Inspection of Property; Books and Records; Discussions. Keep proper books of records and account in which entries which are full, true and correct
in all material respects and in conformity with GAAP and all applicable material Requirements of
Law shall be made of all dealings and transactions in relation to its business and activities; and
permit representatives of the Lenders to visit and inspect any of its material properties and
examine and make abstracts from any of its books and records at any reasonable time, upon
reasonable prior written notice delivered to the Company and as often as may reasonably be desired
and to discuss the business, operations, properties and financial condition of the Company and its
Subsidiaries with officers and employees of the Company and its Subsidiaries and with its
independent certified public accountants; provided that all such inspections shall be coordinated
by the Lenders with the Administrative Agent, and by the Administrative Agent with the Company, in
order to minimize disruption of the Company’s or any of its Subsidiaries’ business.

     8.7. Notices. Promptly give notice to the Administrative Agent and each Lender of:

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

          (b) any (i) default or event of default under any Contractual Obligation of the Company or any
of its Subsidiaries or (ii) litigation, investigation or proceeding which may exist at any time
between the Company or any of its Subsidiaries and any Governmental Authority, which in any case
under (A) clause (i) would reasonably be expected to have a Material Adverse Effect and (B) in
respect of clause (ii) above in which there is a reasonable expectation of a determination adverse
to the Company or such Subsidiary that would reasonably be expected to have a Material Adverse
Effect;

          (c) any litigation or proceeding against the Company or any of its Subsidiaries (other than as
described under clause (b) above) in which there is a reasonable expectation of a determination
adverse to the Company or such Subsidiary that would reasonably be expected to have a Material
Adverse Effect;

          (d) any of the following events, as soon as possible, and in any event within 30 days after
the Company knows thereof: (i) the occurrence (or, with respect to any Reportable Event for which
advance notice to the PBGC is required under ERISA, expected occurrence) of any Reportable Event
with respect to any Single Employer Plan or Multiemployer Plan, a failure of the Company or a
Commonly Controlled Entity to make any required contribution to a Plan, the creation of any Lien
(other than Liens permitted under subsection 9.3) on the assets of the Company or any Commonly
Controlled Entity in favor of the PBGC or a Plan or any withdrawal of the Company or a Commonly
Controlled Entity from, or the termination, Reorganization or Insolvency of, any Multiemployer Plan
or (ii) the institution of proceedings or the notice of the intention to institute proceedings by
the PBGC or the Company or any Commonly Controlled Entity or any Multiemployer Plan with respect to
the withdrawal from, or the termination, Reorganization or Insolvency of, any Single Employer Plan
or Multiemployer Plan, if in the case

50

 

of any such event under clause (i) and clause (ii) above such
event would have a Material Adverse Effect; and

          (e) any other development or event which would reasonably be expected to have a Material
Adverse Effect.

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

     8.8. Environmental Laws. (a) Comply with all applicable Environmental Laws and obtain and
comply in all material respects with and maintain any and all licenses, approvals, notifications,
registrations or permits required to be obtained and maintained by the Company or its Subsidiaries
by applicable Environmental Laws, except to the extent that any failure to so obtain, comply or
maintain would not be reasonably expected to have a Material Adverse Effect.

          (b) Conduct and complete all investigations and all remedial, removal and other actions in
respect of any Materials of Environmental Concern required to be conducted or completed by the
Company or its Subsidiaries under Environmental Laws and promptly comply in all material respects
with all lawful orders and directives of all Governmental Authorities applicable to the Company or
its Subsidiaries regarding Environmental Laws except to the extent that (i) the same are being
contested in good faith by appropriate proceedings and could not be reasonably expected to have a
Material Adverse Effect or (ii) any failure to conduct, complete or comply would not be reasonably
expected to have a Material Adverse Effect.

     8.9. Additional Borrower. In the case of the Company, at all times while the Additional
Borrower is a borrower hereunder, ensure that the Additional Borrower is a wholly owned, Restricted
Subsidiary of the Company.

SECTION 9

NEGATIVE COVENANTS

     Each Borrower hereby agrees that, so long as the Commitments remain in effect or any amount is
owing to any Lender or the Administrative Agent hereunder or under any other Loan Document, the
Company shall not, directly or indirectly:

     9.1. Financial Condition Covenants.

          (a) Consolidated Total Debt to Consolidated Capitalization. Permit the ratio of
Consolidated Total Debt to Consolidated Capitalization at any time to be greater than 60%.

          (b) Interest Coverage Ratio. Permit the Interest Coverage Ratio for any period of
four consecutive fiscal quarters to be less than 3.5 to 1.0.

     9.2. Limitation on Indebtedness of Restricted Subsidiaries. Permit any Restricted
Subsidiary to create, incur, assume or suffer to exist any Indebtedness, except:

51

 

          (a) Indebtedness incurred under this Agreement;

          (b) Indebtedness of any Restricted Subsidiary to the Company or any other Restricted
Subsidiary;

          (c) Indebtedness outstanding on the Initial Closing Date and listed on Schedule 9.2
and any extension, renewal, refinancing, refunding, replacement or restructuring of any such
Indebtedness from time to time (in whole or in part), provided that the outstanding
principal amount of any such Indebtedness may only be increased to the extent any such increase
would not violate subsection 9.2(q);

          (d) Indebtedness of any Person which becomes a Restricted Subsidiary after the Initial Closing
Date, provided that (i) such Indebtedness existed at the time such Person became a Restricted
Subsidiary and was not created in anticipation thereof and (ii) immediately after such Person
becomes a Restricted Subsidiary no Event of Default shall have occurred and be continuing;

          (e) Indebtedness secured by any Lien permitted by subsection 9.3(g) and any extension,
renewal, refinancing, refunding, replacement or restructuring of any such Indebtedness from time to
time (in whole or in part), provided that the outstanding principal amount of any such
Indebtedness may only be increased to the extent any such increase would not violate subsection
9.2(q);

          (f) Guarantee Obligations arising in respect of guarantees of any Indebtedness permitted under
this subsection 9.2;

          (g) Indebtedness constituting Investments permitted under subsection 9.7;

          (h) Indebtedness arising in respect of transactions constituting Sale and Lease-Back
Transactions permitted under subsection 9.9;

          (i) Subordinated Debt;

          (j) Indebtedness incurred or arising from or in connection with any bid, performance, surety,
statutory, completion, return-of-money or appeal bonds or similar obligations issued, existing or
incurred in the ordinary course of business;

          (k) Indebtedness owed to any officers or employees of the Company or any Restricted Subsidiary
incurred in connection with any Permitted Business Acquisition, provided that the aggregate
principal amount of all such Indebtedness shall not exceed $5,000,000 at any time outstanding;

          (l) Indebtedness secured by a Lien on any asset or property at the time of acquisition of such
asset or property by the Company or any Restricted Subsidiary pursuant to a transaction not
prohibited by this Agreement, provided that (i) such Indebtedness existed at the time the
asset or property was so acquired and was not created in contemplation of the acquisition thereof
and (ii) the outstanding principal amount of such Indebtedness may only be increased to the extent
such increase would not violate subsection 9.2(q);

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          (m) Indebtedness arising or incurred as a result of or from the adjudication or settlement of
any litigation or from any arbitration or mediation award or settlement, in any case involving the
Company or any Restricted Subsidiary, provided that the judgment, award(s) and/or
settlements to which such Indebtedness relates would not constitute an Event of Default under
subsection 10(h) of this Credit Agreement;

          (n) Indebtedness incurred or arising from or as a result of agreements providing for
indemnification, deferred payment obligations, purchase price adjustments, earn-out payments or
similar obligations;

          (o) Indebtedness arising from or in connection with accounts payable (for the deferred
purchase price of property or services) in the ordinary course of business greater than 90 days
past the invoice or billing date which are being contested in good faith by appropriate proceedings
and for which adequate reserves shall have been established by the Company or any Restricted
Subsidiary in conformity with GAAP;

          (p) any extension, renewal, refinancing, refunding, restructuring or replacement (or
successive extensions, renewals, refinancings, refundings, restructurings or replacements), in
whole or in part, of any Indebtedness referred to in the foregoing clauses (b), (d), (i), (j), (l)
and (o); provided that no such extension, renewal, refinancing, refunding, restructuring or
replacement shall result in an increase in the principal amount of such Indebtedness (except to the
extent any such increase would not violate subsection 9.2(q)); and

          (q) any other Indebtedness (not otherwise permitted under this Agreement), provided
that the aggregate principal amount of all such Indebtedness shall not exceed, in the aggregate (as
to the Company and all Restricted Subsidiaries taken as a whole) 15% of Consolidated Tangible Net
Worth calculated, with respect to any date of incurrence of any such Indebtedness, as at the last
day of the most recently ended fiscal quarter of the Company immediately preceding such date and
any extensions, renewals, refinancings, refundings, restructurings and replacements, in whole or in
part, of any such Indebtedness (provided that no such extension, renewal, refinancing,
refunding, restructuring or replacement shall result in an increase in the original principal
amount of such Indebtedness (except to the extent any such increase would not violate subsection
9.2(q)).

     9.3. Limitation on Liens. Create, incur, assume or suffer to exist, or permit any
Restricted Subsidiary to create, incur, assume or suffer to exist, any Lien upon any of its
property, assets or revenues, whether now owned or hereafter acquired, except for:

          (a) Liens for taxes, assessments or other charges of any Governmental Authority for claims not
yet due or which are being contested in good faith by appropriate
proceedings, provided that
adequate reserves with respect thereto are maintained on the books of the Company or its Restricted
Subsidiaries, as the case may be, in conformity with GAAP (or, in the case of Foreign Subsidiaries,
generally accepted accounting principles in effect from time to time in their respective
jurisdictions of incorporation);

          (b) Liens of carriers, shippers, suppliers, vendors, warehousemen, mechanics, materialmen,
repairmen and other like Liens arising in the ordinary course of business which are

53

 

not overdue for
a period of more than 90 days or which are being contested in good faith by appropriate
proceedings;

          (c) Liens arising in connection with workers’ compensation, unemployment insurance, pension
plans or systems or other types of social security or other governmental requirements, Liens
securing liability to insurance carriers under insurance or self-insurance arrangements and Liens
arising under ERISA to secure contingent liabilities not prohibited under this Agreement;

          (d) Liens securing the payment or performance of bids, tenders, trade contracts (other than
for borrowed money), leases, regulatory and statutory obligations, indemnification obligations,
surety bonds, tender performance bonds, completion bonds, return-of-money bonds and other
obligations of a like nature (including Liens to secure health, safety and environmental
obligations) incurred in the ordinary course of business;

          (e) easements, rights-of-way, restrictions, servitudes, encroachments, covenants,
reservations, permits, zoning and building ordinances, municipal and local regulations, easement
agreements, and similar charges, licenses, concessions, restrictions, conditions or encumbrances
on, over or in respect of any property and other similar encumbrances and defects in title which,
in the aggregate, are not substantial in amount and which do not materially detract from the value
of the properties subject thereto or materially interfere with the conduct of the business of the
Company or such Restricted Subsidiary;

          (f) Liens in existence on the Initial Closing Date listed on Schedule 9.2 and any
extension, renewal, refinancing, restructuring or replacement from time to time of any such Lien,
provided that (i) no such Lien may be extended to cover any additional property except to
the extent any such extension would not violate subsection 9.3(u) after the Initial Closing Date
and (ii) that the principal amount of Indebtedness secured thereby is not increased after the
Initial Closing Date (except to the extent any such increase is otherwise permitted under this
Agreement);

          (g) Liens securing Indebtedness or other obligations of the Company or any Restricted
Subsidiaries incurred to finance the acquisition, construction, development, improvement or leasing
of fixed or capital assets or other property, provided that (i) such Liens shall be created
substantially simultaneously with the acquisition, construction, development, improvement or
leasing of such fixed or capital assets, (ii) such Liens are not extended at any time to encumber
any property other than the property financed by such Indebtedness or other obligations (and the
proceeds thereof and contract rights, subleases and other rights related
thereto) except to the extent any such extension would not violate subsection 9.3(u), and
(iii) the principal amount of Indebtedness secured thereby is not increased (except to the extent
any such increase is otherwise permitted under this Agreement);

          (h) Liens consisting of (i) landlord’s Liens under leases to which the Company or any of its
Restricted Subsidiaries is a party or other Liens on leased property reserved in leases thereof for
rent or for compliance with the terms of such leases, (ii) rights reserved to or vested in any
Governmental Authority to control or regulate any property of the Company or any of its Restricted
Subsidiaries, or to use such property in any manner which does

54

 

not materially impair the use of
such property for the purposes for which it is held by the Company or any such Restricted
Subsidiary, (iii) obligations or duties to any Governmental Authority with respect to any
franchise, grant, license, lease or permit and the rights reserved or vested in any Governmental
Authority or public utility to terminate any such franchise, grant, license, lease or permit or to
condemn or expropriate any property, and (iv) zoning laws and ordinances and municipal regulations;

          (i) Liens in favor of customs and revenue authorities arising by operation of law and arising
from or in connection with the payment of customs duties in connection with the importation of
goods;

          (j) Liens on the property or assets of, or on the Capital Stock in, any Person which becomes a
Restricted Subsidiary after the Initial Closing Date securing Indebtedness in existence at the time
such Person became a Restricted Subsidiary, provided that (i) such Liens existed at the time such
Person became a Restricted Subsidiary and were not created in anticipation thereof, (ii) any such
Lien is not extended to cover any property or assets of such Person after the time such Person
becomes a Subsidiary (except to the extent any such extension would not violate subsection 9.3(u)),
and (iii) the principal amount of Indebtedness secured thereby is not increased (except to the
extent any such increase is otherwise permitted under this Agreement);

          (k) Liens on the property or assets of any Person existing at the time such Person is merged
or consolidated with or into, the Company or any Restricted Subsidiary or at the time of a sale of
the properties and assets of such Person as an entirety or substantially as an entirety to the
Company or any Restricted Subsidiary, and Liens on any property or assets first acquired by the
Company or any Restricted Subsidiary after the Initial Closing Date,
provided that (i) no such Lien
shall be extended to cover any property other than the property initially subject thereto and
improvements thereto (except to the extent any such extension would not violate subsection 9.3(u)),
and (ii) the principal amount of Indebtedness secured by any such Lien is then permitted by this
Agreement;

          (l) Liens on goods and inventory acquired by the Company or any Restricted Subsidiary in the
ordinary course of business securing the payment to the seller of such goods or inventory of the
purchase price therefor, provided, that such Liens are not extended to encumber any goods and
inventory other than goods and inventory to which such purchase price relates (except to the extent
any such extension would not violate subsection 9.3(u));

          (m) Liens arising in connection with letters of credit issued for the account of the Company
or a Restricted Subsidiary securing the indemnification or reimbursement obligations in respect of
such letters of credit, provided, that such Liens are not extended to encumber any property other
than the property being acquired through payments made under such letters of credit or the
documents of title and shipping and insurance documents relating to such property (except to the
extent any such extension would not violate subsection 9.3(u));

          (n) Liens on intellectual property acquired by the Company or a Restricted Subsidiary (such as
software) securing the obligation of the Company or such Restricted Subsidiary to make royalty or
similar payments to the seller of such intellectual property,

55

 

provided, that such Liens are not
extended to encumber any intellectual property other than the intellectual property to which such
payments relate (except to the extent any such extension would not violate subsection 9.3(u));

          (o) Liens consisting of judgment or judicial attachment Liens and Liens securing contingent
obligations on appeal or other bonds posted in connection with court proceedings or judgments,
awards or settlements that do not constitute an Event of Default under subsection 10(h) of this
Agreement;

          (p) Liens arising under or with respect to banker’s liens, rights of set-off or similar rights
with respect to deposit accounts and securities accounts;

          (q) Liens constituting rights of first refusal, options or other contractual rights to sell,
assign or otherwise Dispose of any assets or property, or any interest therein;

          (r) Liens arising out of conditional sale, title retention, consignment or similar
arrangements for the sale of goods entered into by the Company or any of its Restricted
Subsidiaries in the ordinary course of business of the Company or any of its Restricted
Subsidiaries;

          (s) Liens on the products and proceeds (including, without limitation, insurance condemnation
and eminent domain proceeds) of and accessions to, and contract or other rights (including rights
under insurance policies and product warranties) derivative of or relating to, property subject to
Liens under any of the paragraphs of this subsection 9.3;

          (t) any extension, renewal, refinancing, restructuring or replacement (or successive
extensions, renewals, refinancings, restructurings or replacements), as a whole or in part, of any
Lien referred to in the foregoing clauses (d), (f), (g), (h), (j), (k), (l), (m) and (n),
inclusive; provided that (i) no such extension, renewal, refinancing, restructuring or replacement
shall result in an increase in the liabilities secured thereby (except to the extent such increase
would otherwise be permitted under this Agreement) and (ii) such extension, renewal, refinancing,
restructuring or replacement Lien shall not be extended to cover any property other than the same
property that secured the Lien so extended, renewed, refinanced, restructured or replaced (plus
additions, accessions, replacements and improvements to such property) except to the extent that
any such extension, renewal, refinancing, restructuring or replacement of any such Lien would not
violate subsection 9.3(u); and

          (u) any other Liens (not otherwise permitted under this Agreement) which secure obligations
not exceeding, in the aggregate (as to the Company and all Restricted Subsidiaries taken as a
whole) 15% of Consolidated Tangible Net Worth calculated, with respect to any date of creation,
incurrence or assumption of any such Lien, as at the most recently ended fiscal quarter of the
Company immediately preceding such date, and any extension, renewal, refinancing, restructuring or
replacement (or successive extensions, renewals, refinancings, restructurings or replacements), as
a whole or in part, of any such Lien provided that any such Lien would not violate this
subsection 9.3(u).

     9.4. Limitation on Fundamental Changes. Enter into any merger, consolidation or
amalgamation, or liquidate, wind up or dissolve itself (or suffer any liquidation or dissolution),

56

 

or convey, sell, lease, assign, transfer or otherwise dispose of, all or substantially all of its
property as an entirety, business or assets, or permit any Restricted Subsidiary to do any of the
foregoing, except:

          (a) any direct or indirect Subsidiary of the Company may be merged or consolidated with or
into the Company (provided that the Company shall be the continuing or surviving corporation);

          (b) any direct or indirect Subsidiary of the Company may be merged with or into any one or
more Restricted Subsidiaries of the Company (provided that one or more Restricted
Subsidiary or Restricted Subsidiaries shall be the continuing or surviving Person or Persons (as
applicable) and, if the merger involves a wholly-owned Restricted Subsidiary, such wholly-owned
Restricted Subsidiary shall be the continuing or surviving Person);

          (c) any Restricted Subsidiary may sell, lease, transfer or otherwise dispose of any, all or
substantially all of its assets (upon voluntary liquidation or otherwise) to the Company or any
other Restricted Subsidiary;

          (d) the Company and any Restricted Subsidiary may consummate (i) any transactions permitted by
subsection 9.5, (ii) any transactions permitted by subsection 9.7 and (iii) any transactions
permitted by subsection 9.12; and

          (e) any Restricted Subsidiary may wind-up, liquidate or dissolve so long as (i) the total
value of the assets of such Restricted Subsidiary are less than $2,000,000 and (ii) no Default or
Event of Default shall then exist.

     9.5. Limitation on Sale of Assets. Convey, sell, lease, assign, transfer or otherwise
dispose of (each a “Disposition”), or permit any Restricted Subsidiary to make a
Disposition of, any of its respective property, business or assets (including, without limitation,
receivables and leasehold interests but excluding Capital Stock of the Company), whether now owned
or hereafter acquired, other than to the Company or any other wholly-owned Restricted Subsidiary,
or permit any Restricted Subsidiary to issue or sell any shares of such Restricted Subsidiary’s
Capital Stock to any Person other than the Company or any other Restricted Subsidiary, except:

          (a) Dispositions of assets and property that are (i) obsolete, worn, damaged, uneconomic or
otherwise deemed by the Company or any Restricted Subsidiary to no longer be necessary or useful in
the operation of the Company’s or such Restricted Subsidiary’s current or anticipated business or
(ii) replaced by other assets or property of similar suitability and value;

          (b) Dispositions of cash and Cash Equivalents;

          (c) Dispositions of goods and inventory in the ordinary course of business;

          (d) Dispositions of accounts receivable (other than pursuant to subsection 9.5(g)) (i) in the
ordinary course of business in connection with the compromise or collection thereof, (ii) deemed
doubtful or uncollectible in the reasonable discretion of the Company or any Restricted Subsidiary,
(iii) obtained by the Company or any Restricted Subsidiary in
the ordinary course of business or
the settlement of joint interest billing accounts in the ordinary course of

57

 

business, or (iv)
granted to settle collection of accounts receivable or the sale of defaulted accounts arising in
the ordinary course of business in connection with the compromise or collection thereof and not in
connection with any financing transaction;

          (e) any other Disposition (not otherwise permitted under this Agreement) of any assets or
property, provided that the aggregate book value of all assets and properties so Disposed of (as to
the Company and its Restricted Subsidiaries taken as a whole) in the period of twelve consecutive
months immediately preceding such Disposition shall not exceed 20% of Consolidated Total Assets
determined as at the beginning of such twelve-month period;

          (f) Dispositions by the Company or any Restricted Subsidiary of all or any portion of any
Subsidiary (other than a Restricted Subsidiary);

          (g) other sales or discounts of accounts receivable (as to the Company and all Restricted
Subsidiaries) in an aggregate principal amount not exceeding 10% of Consolidated Tangible Net Worth
calculated, with respect to any date of the occurrence of any such sale or discount, as at the last
day of the most recently ended fiscal quarter of the Company immediately preceding such date;

          (h) licenses and sublicenses by the Company and the Restricted Subsidiaries of intellectual
property in the ordinary course of business;

          (i) Dispositions of assets or property of the Company or any Restricted Subsidiary in the
ordinary course of business (including, without limitation, as a result of any casualty event or
condemnation), provided that the net cash proceeds of any such Disposition (including
without limitation, any settlement of or payment in respect of any casualty insurance claim or
condemnation proceeding relating to any such Disposition) is reinvested (whether through
reparation, restoration, improvement or replacement thereof) by the Company or any Restricted
Subsidiary in assets or property useful to the business of the Company or any Restricted Subsidiary
within 270 days following receipt of such net cash proceeds;

          (j) Dispositions arising as a result of (i) the granting or incurrence of Liens permitted
under subsection 9.3, (ii) transactions permitted under subsection 9.4, (iii) transactions
constituting Investments permitted under subsection 9.7 or subsection 9.12, or (iv) transactions
constituting the declaration and making of Restricted Payments permitted under subsection 9.6
of this Agreement;

          (k) Dispositions constituting terminations or expirations of leases, licenses and other
agreements in the ordinary course of business;

          (l) Dispositions arising from or in connection with any Sale and Lease-Back Transactions
permitted under subsection 9.9 that is consummated substantially contemporaneously with any such
Disposition by the Person acquiring such assets or property; and

          (m) Dispositions constituting the issuance or series of issuances of Capital Stock of any
Restricted Subsidiary (i) to any Subsidiary or other Person that becomes a Restricted Subsidiary
under this Agreement or (ii) to any other Person (other than the Company

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or any Restricted
Subsidiary) with a value, in the aggregate for all such issuances by all Restricted Subsidiaries
since the Initial Closing Date, not exceeding 20% of Consolidated Tangible Net Worth calculated,
with respect to any date of the occurrence of any such Disposition, as at the last day of the most
recently ended fiscal quarter of the Company immediately preceding such date.

     9.6. Limitation on Restricted Payments. Declare or pay any dividend (other than dividends
payable solely in common stock of the Company (or in stock options or warrants convertible into
common stock of the Company)) on, or make any payment as consideration for the purchase,
redemption, defeasance, retirement or other acquisition for value of, any shares of any class of
Capital Stock of the Company or any warrants or options to purchase any such Capital Stock, whether
now or hereafter outstanding, or make any other distribution in respect of any such Capital Stock,
either directly or indirectly, whether in cash or property or in obligations of the Company or any
Restricted Subsidiary (collectively, “Restricted Payments”), provided that, notwithstanding the
foregoing, the Company and any Restricted Subsidiary may make any Restricted Payment at any time
and from time to time so long as at the time of and after giving pro forma effect to any such
Restricted Payment the Company is in compliance with the financial covenants set forth in
subsection 9.1.

     9.7. Limitation on Investments. Make any advance (other than demand deposits), loan,
extension of credit or capital contribution to, or purchase for value any Capital Stock, bonds,
notes, debentures or other securities of, any Person (collectively, “Investments”), or
permit any Restricted Subsidiary to do any of the foregoing, except:

          (a) Investments constituting advances and extensions of trade credit in the ordinary course of
business;

          (b) Investments in cash and Cash Equivalents;

          (c) Investments existing on the Initial Closing Date and described on Schedule 9.7 and
any renewals, refinancings or restructurings thereof, provided that the original
amount of any such Investment is not increased (except to the extent any such increase would
(i) be permitted under another provision of this subsection 9.7 or (ii) be permitted under
subsection 9.2, subsection 9.4 or subsection 9.12);

          (d) Permitted Business Acquisitions;

          (e) Investments constituting loans, advances and other extensions of credit to directors,
officers and employees of the Company or any of its Subsidiaries for travel, entertainment and
relocation expenses in the ordinary course of business in an aggregate amount for the Company and
its Subsidiaries not to exceed $1,000,000 at any one time outstanding;

          (f) Investments by the Company in its Restricted Subsidiaries and investments by Restricted
Subsidiaries in the Company and in other Restricted Subsidiaries;

          (g) Investments made as a result of the receipt of non-cash consideration (including
Indebtedness) received in connection with any Disposition permitted under subsection 9.5;

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          (h) Investments arising from the repurchase or redemption of Capital Stock or Indebtedness or
the conversion of Indebtedness to Capital Stock in any transaction or manner not otherwise
prohibited under this Agreement;

          (i) Investments made with respect to any Plan;

          (j) Investments (i) arising from or in connection with transactions by the Company or any
Restricted Subsidiary with customers, suppliers, vendors or other account debtors in the ordinary
course of business, including endorsements of negotiable instruments and debt obligations and (ii)
made or received in connection with the bankruptcy, reorganization or liquidation of, or the
settlement of delinquent obligations or disputes with, any customers, suppliers, vendors or other
account debtors;

          (k) Investments arising as a result of any transaction permitted under subsection 9.2 or
subsection 9.4;

          (l) any other Investments by the Company or any Restricted Subsidiary in any other Person
(other than any Restricted Subsidiary) permitted under subsection 9.12; and

          (m) Investments in joint ventures entered into in the ordinary course of business (including
Investments by the Company or any Restricted Subsidiary in any joint venture or similar arrangement
with Navis Co., Ltd.).

     9.8. Limitation on Transactions with Affiliates. Enter into, or permit any Restricted
Subsidiary to enter into, any transaction, including, without limitation, any purchase, sale, lease
or exchange of property or the rendering of any service (other than any transaction otherwise
permitted under this Agreement), with any Affiliate (other than the Company or another Restricted
Subsidiary), unless such transaction is (a) in the ordinary course of the Company’s or such
Restricted Subsidiary’s business and (b) upon fair and
reasonable terms no less favorable to the Company or such Restricted Subsidiary, as the case
may be, than it would obtain in a comparable arm’s length transaction with a Person which is not an
Affiliate.

     9.9. Limitation on Sales and Leasebacks. Enter into, or permit any Restricted Subsidiary
to enter into, any arrangement with any Person (other than the Company or another Restricted
Subsidiary) providing for the leasing by the Company or such Restricted Subsidiary of real or
personal property which is to be sold or transferred by the Company or such Restricted Subsidiary
to such Person or to any other Person to whom funds have been or are to be advanced by such Person
on the security of such property or rental obligations of the Company or such Restricted Subsidiary
(a “Sale and Lease-Back Transaction”), except for (i) Sale and Lease-Back Transactions having an
aggregate Value not exceeding 10% of Consolidated Tangible Net Worth calculated, with respect to
the date of the occurrence of any such Sale and Lease-Back Transaction, as at the last day of the
most recently ended fiscal quarter of the Company immediately preceding such date, or (ii) Sale and
Lease-Back Transactions between the Company and any Restricted Subsidiary or between Restricted
Subsidiaries.

     9.10. Limitation on Changes in Fiscal Year. Permit the fiscal year of the Company to end on
a day other than June 30.

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     9.11. Limitation on Material Guarantee Obligations in respect of Indebtedness of Subsidiaries
other than Restricted Subsidiaries. Create, incur or permit to exist, or permit any Restricted
Subsidiary to create, incur or permit to exist, any material Guarantee Obligation in respect of any
Indebtedness of any Subsidiary other than a Restricted Subsidiary, except to the extent any such
material Guarantee Obligation would not violate subsection 9.2 or subsection 9.7.

     9.12. Limitation on Subsidiaries other than Restricted Subsidiaries. Make any Investment to
or in any Subsidiary (other than any Restricted Subsidiary) or to or in any other Person (in each
case other than Investments permitted under subsection 9.7), provided that the Company and
any Restricted Subsidiary may make any such Investment in any such Subsidiary or other Person at
any time and from time to time so long as on the date of any such Investment the aggregate amount
of all such Investments shall not exceed thirty (30)% of Consolidated Tangible Net Worth
calculated, with respect to any date of any such Investment as at the last day of the most recently
ended fiscal quarter of the Company immediately preceding such date.

SECTION 10

EVENTS OF DEFAULT

     If any of the following events shall occur and be continuing:

          (a) A Borrower shall fail to pay any principal of any Loan or any Reimbursement Obligation
when due in accordance with the terms thereof or hereof; or a Borrower shall fail to pay any
interest on any Loan, or any other amount payable hereunder, within five days after any such
interest or other amount becomes due in accordance with the terms thereof or hereof; or

          (b) Any representation or warranty made or deemed made by a Borrower herein or in any other
Loan Document or which is contained in any certificate, document or financial or other written
statement furnished by it at any time under or in connection with this Agreement shall prove to
have been incorrect in any material respect on or as of the date made or deemed made; or

          (c) The Company shall default in the observance or performance of any agreement contained in
subsection 9, other than subsection 9.2(q), 9.3(u), 9.7, 9.8, 9.11 and 9.12; or

          (d) A Borrower shall default in the observance or performance of any other agreement contained
in this Agreement or any other Loan Document (other than as provided in paragraphs (a) through (c)
of this subsection), and such default shall continue unremedied for a period of 30 days after
receipt of written notice from the Administrative Agent thereof; or

          (e) The Company or any of its Restricted Subsidiaries shall (i) default in any payment of
principal of or interest on any Indebtedness (other than the Loans) or in the payment of any
Guarantee Obligation, beyond any notice requirement or period of grace (not to exceed 30 days), if
any, provided in the instrument or agreement under which such Indebtedness or

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Guarantee Obligation
was created, if the aggregate principal amount of the Indebtedness and/or Guarantee Obligations in
respect of which such default or defaults shall have occurred is at least the Dollar Equivalent
Amount of US$50,000,000 or (ii) default in the observance or performance of any other agreement or
condition contained in any instrument or agreement evidencing or securing any such Indebtedness or
Guarantee Obligation, or any other event under such agreement or instrument shall occur or
condition under such agreement or instrument shall exist, the effect of which default or other
event or condition is to cause (or, with respect to any default occurring in respect of a financial
covenant, shall permit the holder or holders of such Indebtedness or beneficiary or beneficiaries
of such Guarantee Obligation (or a trustee or agent on behalf of such holder or holders or
beneficiary or beneficiaries) to cause), with the giving of notice if required, such Indebtedness
to become fully due and payable prior to its stated maturity or such Guarantee Obligation to become
fully due and payable; or

          (f) (i) The Company or any of its Restricted Subsidiaries shall commence any case, proceeding
or other action (A) under any existing or future law of any jurisdiction, domestic or foreign,
relating to bankruptcy, insolvency, reorganization or relief of debtors,
seeking to have an order for relief entered with respect to it, or seeking to adjudicate it a
bankrupt or insolvent, or seeking reorganization, arrangement, adjustment, winding-up, liquidation,
dissolution, composition or other relief with respect to it or its debts generally, or (B) seeking
appointment of a receiver, trustee, custodian, conservator or other similar official for it or for
all or substantially all of its assets, or the Company or any of its Restricted Subsidiaries shall
make a general assignment for the benefit of its creditors; or (ii) there shall be commenced
against the Company or any of its Restricted Subsidiaries any case, proceeding or other action of a
nature referred to in clause (i) above which (A) results in the entry of an order for relief or any
such adjudication or appointment or (B) remains undismissed, undischarged or unbonded for a period
of 60 days; or (iii) there shall be commenced against the Company or any of its Restricted
Subsidiaries any case, proceeding or other action seeking issuance of a warrant of attachment,
execution, distraint or similar process against all or any substantial part of its assets which
results in the entry of an order for any such relief which shall not have been vacated, discharged,
or stayed or bonded pending appeal within 60 days from the entry thereof; or (iv) a Borrower shall
take any written action in furtherance of, or indicating its consent to, approval of, or
acquiescence in, any of the acts set forth in clause (i), (ii), or (iii) above; or (v) a Borrower
shall generally not, or shall admit in writing its inability to, pay its debts as they become due;
or

          (g) (i) Any Person shall engage in any non-exempt “prohibited transaction” (as defined in
Section 406 of ERISA or Section 4975 of the Code) involving any Plan, (ii) any “accumulated funding
deficiency” (as defined in Section 302 of ERISA), whether or not waived, shall exist with respect
to any Plan or any Lien (other than any Lien permitted under subsection 9.3) in favor of the PBGC
or a Single Employer Plan shall arise on the assets of the Company or any Commonly Controlled
Entity, (iii) a Reportable Event shall occur with respect to, or proceedings under Title IV of
ERISA shall commence to have a trustee appointed, or a trustee shall be appointed under Title IV of
ERISA, to administer or to terminate, any Single Employer Plan, which Reportable Event or
commencement of proceedings or appointment of a trustee is, in the reasonable opinion of the
Majority Lenders, likely to result in the termination of such Plan for purposes of Title IV of
ERISA, (iv) any Single Employer Plan shall terminate for purposes of Title IV of ERISA, or (v) the
Company or any Commonly Controlled Entity shall incur any liability in connection with a withdrawal
from, or the Insolvency or Reorganization of, a

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Multiemployer Plan; and in each case in clauses (i)
through (v) above, the occurrence of any such event or condition, together with all other such
events or conditions existing at the time of such occurrence, if any, would reasonably be expected
to have a Material Adverse Effect; or

          (h) One or more final judgments or decrees of a court shall be entered against the Company or
any of its Restricted Subsidiaries for the payment of money in an aggregate amount (to the extent
not adequately covered by insurance) of the Dollar Equivalent Amount of $50,000,000 or more, and
all such judgments or decrees shall not have been vacated, discharged, stayed or bonded pending
appeal within 60 days from the entry thereof; or

          (i) Any Change of Control shall occur;

then, and in any such event, subject to the provisions of subsection 2.13, (A) if such event is an
Event of Default specified in clause (i) or (ii) of paragraph (f) of this subsection with respect
to a Borrower, automatically the Commitments shall immediately terminate and the Loans hereunder
(with accrued interest thereon) and all other amounts owing under this Agreement (including,
without limitation, all amounts of L/C Obligations, whether or not the beneficiaries of the then
outstanding Letters of Credit shall have presented the documents required thereunder) shall
immediately become due and payable by the applicable Borrower as provided herein, and (B) if such
event is any other Event of Default, either or both of the following actions may be taken: (i)
with the consent of the Majority Lenders, the Administrative Agent may, or upon the request of the
Majority Lenders, the Administrative Agent shall, by notice to each Borrower declare the
Commitments to be terminated forthwith, whereupon the Commitments shall immediately terminate; and
(ii) with the consent of the Majority Lenders, the Administrative Agent may, or upon the request of
the Majority Lenders, the Administrative Agent shall, by notice to each Borrower, declare the Loans
hereunder (with accrued interest thereon) and all other amounts owing under this Agreement
(including, without limitation, all amounts of L/C Obligations, whether or not the beneficiaries of
the then outstanding Letters of Credit shall have presented the documents required thereunder) to
be due and payable by the applicable Borrower as provided herein forthwith, whereupon the same
shall immediately become due and payable by the applicable Borrower as provided herein.

     Except as expressly provided above in this Section, presentment, demand, protest and all other
notices of any kind are hereby expressly waived.

SECTION 11

THE ADMINISTRATIVE AGENT AND THE ARRANGER

     11.1. Appointment. Each Lender hereby irrevocably designates and appoints the
Administrative Agent as the agent of such Lender under this Agreement and the other Loan Documents,
and each Lender irrevocably authorizes the Administrative Agent, in such capacity, to take such
action on its behalf under the provisions of this Agreement and the other Loan Documents and to
exercise such powers and perform such duties as are expressly delegated to the Administrative Agent
by the terms of this Agreement and the other Loan Documents, together with such other powers as are
reasonably incidental thereto. Notwithstanding any provision to the contrary elsewhere in this
Agreement, the Administrative Agent shall not have

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any duties or responsibilities, except those
expressly set forth herein, or any fiduciary relationship with any Lender, and no implied
covenants, functions, responsibilities, duties, obligations or liabilities shall be read into this
Agreement or any other Loan Document or otherwise exist against the Administrative Agent.

     11.2. Delegation of Duties. The Administrative Agent may execute any of its duties under
this Agreement and the other Loan Documents by or through agents or attorneys-in-fact appointed as
such by the Administrative Agent and shall be entitled to advice of counsel concerning all matters
pertaining to such duties. The exculpatory provisions of this Section 11 shall apply to any such
agent and attorney-in-fact of the Administrative Agent.

     11.3. Exculpatory Provisions. Neither the Administrative Agent nor any of its officers, directors, employees, agents,
attorneys in fact or Affiliates shall be (i) liable for any action lawfully taken or omitted to be
taken by it or such Person under or in connection with this Agreement or any other Loan Document
with the consent of or at the request of the Majority Lenders or in the absence of its or such
Person’s gross negligence or willful misconduct or (ii) responsible in any manner to any of the
Lenders for any recitals, statements, representations or warranties made by the Borrowers or any
officer thereof contained in this Agreement or any other Loan Document or in any certificate,
report, statement or other document referred to or provided for in, or received by the
Administrative Agent under or in connection with, this Agreement or any other Loan Document or for
the value, validity, effectiveness, genuineness, enforceability or sufficiency of this Agreement or
any other Loan Document or for any failure of a Borrower to perform its obligations hereunder or
thereunder. The Administrative Agent shall not be under any obligation to any Lender to ascertain
or to inquire as to the observance or performance of any of the agreements contained in, or
conditions of, this Agreement or any other Loan Document, or to inspect the properties, books or
records of the Borrowers.

     11.4. Reliance by Administrative Agent. The Administrative Agent shall be entitled to rely,
and shall be fully protected in relying, upon any note, writing, resolution, notice, consent,
certificate, affidavit, letter, telecopy, telex or teletype message, statement, order or other
document believed by it to be genuine and correct and to have been signed, sent or otherwise
authenticated by the proper Person or Persons and upon advice and statements of legal counsel
(including, without limitation, counsel to the Company), independent accountants and other experts
selected by the Administrative Agent. The Administrative Agent may deem and treat the payee of any
note as the owner thereof for all purposes unless a written notice of assignment, negotiation or
transfer thereof shall have been filed with the Administrative Agent. The Administrative Agent
shall in all cases be fully protected in acting, or in refraining from acting, under this Agreement
and the other Loan Documents in accordance with the written request of the Majority Lenders (to the
extent that the Majority Lenders make any such request in accordance with the Loan Documents), and
such request and any action taken or failure to act pursuant thereto shall be binding upon all the
Lenders and all future holders of the Loans.

     11.5. Notice of Default. The Administrative Agent shall not be deemed to have knowledge or
notice of the occurrence of any Default or Event of Default hereunder unless the Administrative
Agent has received notice from a Lender or the Company referring to this Agreement, describing such
Default or Event of Default and stating that such notice is a “notice of default”. In the event
that the Administrative Agent receives such a notice, the Administrative

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Agent shall give notice
thereof to the Lenders. The Administrative  Agent shall take such action with respect to such
Default or Event of Default as shall be reasonably directed by the Majority Lenders; provided that
unless and until the Administrative Agent shall have received such directions, the Administrative
Agent may (but shall not be obligated to) take such action, or refrain from taking such action,
with respect to such Default or Event of Default as it shall deem advisable in the best interests
of the Lenders.

     11.6. Non-Reliance on Administrative Agent and Other Lenders. Each Lender expressly
acknowledges that neither the Administrative Agent nor any of its officers, directors, employees,
agents, attorneys-in-fact or Affiliates has made any representations or warranties to it and that
no act by the Administrative Agent hereinafter taken, including any review of the affairs of the
Borrowers, shall be deemed to constitute any representation or warranty by the Administrative Agent
to any Lender. Each Lender represents to the Administrative Agent 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 appraisal of and investigation into the
business, operations, property, financial and other condition and creditworthiness of the Borrowers
and made its own decision to make its Loans hereunder and enter into this Agreement. Each Lender
also represents 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 deem appropriate at the
time, continue to make its own credit analysis, appraisals and decisions in taking or not taking
action under this Agreement and the other Loan Documents, and to make such investigation as it
deems necessary to inform itself as to the business, operations, property, financial and other
condition and creditworthiness of the Borrowers. Except for notices, reports and other documents
expressly required to be furnished to the Lenders by the Administrative Agent hereunder, the
Administrative Agent shall not have any duty or responsibility to provide any Lender with any
credit or other information concerning the business, operations, property, condition (financial or
otherwise), prospects or creditworthiness of the Borrowers which may come into the possession of
the Administrative Agent or any of its officers, directors, employees, agents, attorneys-in-fact or
Affiliates.

     11.7. Indemnification. The Lenders agree to indemnify the Administrative Agent and the
Arranger in their capacity as such (to the extent not reimbursed by the Borrowers and without
limiting the obligation of the Borrowers to do so), ratably according to their respective
Commitment Percentages in effect on the date on which indemnification is sought (or, if
indemnification is sought after the date upon which the Commitments shall have terminated and the
Loans shall have been paid in full, ratably in accordance with their Commitment Percentages
immediately prior to such date), from and against any and all liabilities, obligations, losses,
damages, claims, penalties, actions, judgments, suits, costs, expenses or disbursements of any kind
whatsoever which may at any time (including, without limitation, at any time following the payment
of the Loans) be imposed on, incurred by or asserted against the Administrative Agent in any way
relating to or arising out of, the Commitments, this Agreement, any of the other Loan Documents or
any documents contemplated by or referred to herein or therein or the transactions contemplated
hereby or thereby or any action taken or omitted by the Administrative Agent under or in connection
with any of the foregoing; provided that no Lender shall be liable for the payment of any portion
of such liabilities, obligations, losses, damages, claims, penalties, actions, judgments, suits,
costs, expenses or disbursements resulting solely from the

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Administrative Agent’s gross negligence
or willful misconduct. The agreements in this subsection shall survive the payment of the Loans
and all other amounts payable hereunder.

     11.8. Administrative Agent in Its Individual Capacity. The Administrative Agent and its Affiliates may make loans to, accept deposits from and
generally engage in any kind of business with the Borrowers as though the Administrative Agent were
not the Administrative Agent hereunder and under the other Loan Documents. With respect to the
Loans made by it, the Administrative Agent shall have the same rights and powers under this
Agreement and the other Loan Documents as any Lender and may exercise the same as though it were
not the Administrative Agent, and the terms “Lender” and “Lenders” shall include the Administrative
Agent in its individual capacity.

     11.9. Successor Administrative Agent. The Administrative Agent may at any time give notice
of its resignation to the Lenders, each Issuing Bank and the Company. The Majority Lenders shall,
within ten (10) days after receipt of any such notice of resignation, in consultation with the
Company, appoint from among the Lenders a successor agent for the Lenders, which successor agent
shall, unless an Event of Default shall then be continuing, be subject to approval by the Company
(such approval not to be unreasonably withheld), whereupon such successor agent shall succeed to
and become vested with all of the rights, powers and duties of the retiring Administrative Agent,
and the term “Administrative Agent” shall mean such successor agent effective upon the date of such
appointment and approval, and the former Administrative Agent’s rights, powers and duties as
Administrative Agent under the Loan Documents shall be terminated, without any other or further act
or deed on the part of such former Administrative Agent or any of the parties to this Agreement or
any holders of the Loans. The fees payable by the Borrowers to a successor Administrative Agent
shall be the same as those payable by the Borrowers to the retiring Administrative Agent unless
otherwise agreed between the Borrowers and such successor. After any retiring Administrative
Agent’s resignation as Administrative Agent, the provisions of this Section 11 shall inure to its
benefit as to any actions taken or omitted to be taken by it while it was Administrative Agent
under this Agreement and the other Loan Documents.

     11.10. The Arranger. The Arranger, in such capacity, shall have no duties or
responsibilities, and shall incur no obligations or liabilities, under this Agreement or the other
Loan Documents.

SECTION 12

MISCELLANEOUS

     12.1. Amendments and Waivers Generally; Amendments to Schedule. (a) Neither this Agreement
nor any other Loan Document, nor any terms hereof or thereof may be amended, supplemented or
modified except in accordance with the provisions of this subsection. The Majority Lenders and the
Borrowers may, or, with the written consent of the Majority Lenders, the Administrative Agent and
the Borrowers may, from time to time, (i) enter into written amendments, supplements or
modifications hereto and to the other Loan Documents for any purpose or (ii) waive, on such terms
and conditions as the Majority Lenders or the Administrative Agent, as the case may be, may specify
in such instrument, any of the

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requirements of this Agreement or the other Loan Documents or any
Default or Event of Default
and its consequences; provided, however, that no such waiver and no such amendment, supplement
or modification shall (A) reduce the principal amount or extend the final scheduled date of
maturity of any Loan or of any installment thereof, or reduce the stated rate of any interest or
fee payable hereunder (except (x) in connection with any waiver of applicability of any increase in
interest rates during the continuance of an Event of Default (which waiver shall be effective with
the consent of the Majority Lenders) and (y) that any amendment or modification of defined terms
used in the financial covenants in this Agreement shall not constitute a reduction in the rate of
interest or fees for purposes of this clause (A)) or extend the scheduled date of any payment
thereof or increase the amount or extend the expiration date of any Lender’s Commitments, in each
case without the consent of each Lender directly affected thereby (except for adjustments from time
to time in accordance with this Agreement and to the extent provided in subsection 2.10), (B)
amend, modify or waive the voting rights of any Lender under this subsection without the written
consent of such Lender, (C) reduce the percentage specified in the definition of Majority Lenders,
or consent to the assignment or transfer by a Borrower of any of its rights and obligations under
this Agreement and the other Loan Documents without the written consent of all the Lenders, or (D)
amend, modify or waive any provision of Section 11 without the written consent of the then
Administrative Agent. Notwithstanding any of the foregoing, (i) the portions of the Fee Letter
pertaining solely to any fees payable by the Borrowers to the Administrative Agent may be amended,
modified, supplemented or waived in a written instrument signed only by the Borrowers and the
Administrative Agent; (ii) this Agreement may be amended and supplemented in the manner
contemplated under and in accordance with subsection 2.10; (iii) only the consent of the applicable
Lender shall be required to reduce the principal amount of, or the rate of interest on, any
Competitive Advance Loan of such Lender, or any fees or other amounts payable with respect thereto
or change the maturity date or repayment schedule thereof; (iv) no Lender in default of its
obligations under this Agreement shall have any right to approve or disapprove of any amendment,
modification, waiver or consent hereunder, except that the Commitment of such defaulting Lender may
not be increased or extended without the consent of such defaulting Lender; (v) the terms and
provisions of any Letter of Credit and any Time Draft may be amended, modified, supplemented or
waived in a written instrument signed only by the Issuing Bank that issued such Letter of Credit or
Time Draft (as applicable) and the Company (except to the extent provided in subsection
4.1(a)(proviso) and 4.1(b)(ii)); and (vi) the percentages contained in the definitions of “Company
Percentage” and “Additional Borrower Percentage” may be amended in accordance with the definitions
thereof without any consent of the Administrative Agent or any Lender so long as at all times the
percentages in both such definitions shall equal 100% in the aggregate.

          (b) Schedules I, II, IV and V may be amended as follows:

     (i) Schedule I will be amended to add another Person as a Lender hereunder and
to include such new Lender’s Commitment, and/or to change any existing Lender’s
Commitment, in any such case in accordance with any increase in the Commitments
hereunder in accordance with subsection 2.10, upon execution and delivery by the new
Lender, the Company and the Administrative Agent of a New Lender Supplement or by
the existing Lender, the Company and the Administrative Agent of a Commitment
Increase Supplement, as applicable.

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     (ii) Schedule II will be amended to change administrative information contained
therein (other than any interest rate definition, Funding Time, Payment Time or
notice time contained therein), upon execution and delivery by the Company and the
Administrative Agent of a Schedule Amendment providing for such amendment.

     (iii) Schedule II will be amended to amend or modify any Funding Time, Payment
Time or notice time contained therein, upon execution and delivery by the Company,
the Majority Lenders and the Administrative Agent of a Schedule Amendment providing
for such amendment.

     (iv) Schedule II will be amended to change any interest rate definition
contained therein or to add additional Available Foreign Currencies (and related
interest rate definitions and administrative information), upon execution and
delivery by the Company, all the Lenders and the Administrative Agent of a Schedule
Amendment providing for such amendment.

     (v) Schedule IV will be amended (A) to add a Restricted Subsidiary thereto upon
receipt by the Administrative Agent of written notice from the Company by
designating any direct or indirect Subsidiary of the Company that is not immediately
prior to the date of such written notice a Restricted Subsidiary hereunder as a
Restricted Subsidiary (it being understood that any such amendment shall become
effective immediately upon receipt by the Administrative Agent of such notice), and
(B) to remove any Restricted Subsidiary therefrom upon (1) the Disposition
(including any liquidation or dissolution) of any Restricted Subsidiary to any other
Person (other than a Restricted Subsidiary) in any transaction not prohibited under
this Agreement (it being understood that such amendment shall become effective
immediately upon delivery by the Company to the Administrative Agent of written
notice of the consummation of such Disposition) or (2) the merger or consolidation
of any Restricted Subsidiary into another Person in any transaction or series of
transactions not prohibited under this Agreement (it being understood that any such
amendment shall become effective immediately upon the delivery by the Company to the
Administrative Agent of written notice of consummation of any such merger or
consolidation).

     (vi) Schedule V will be amended to designate other Lenders as additional
Issuing Banks, and add administrative information with respect thereto, upon
execution and delivery by the Company, the Administrative Agent and such additional
Issuing Bank of a Schedule Amendment providing for such amendment.

     (vii) Schedule V will be amended to change administrative information with
respect to Issuing Banks, upon execution and delivery by the Company, the
Administrative Agent and such Issuing Bank, as the case may be, of a Schedule
Amendment providing for such amendment.

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          (c) Any waiver and any amendment, supplement or modification obtained or made in accordance
with subsection 12.1(a) or (b) shall apply equally to each of the Lenders and shall be binding upon
the Borrowers, the Lenders, the Issuing Banks, the Administrative Agent and all future holders of
the Loans. In the case of any waiver, the Borrowers, the Lenders, the Issuing Banks, and the
Administrative Agent shall be restored to their former positions and rights hereunder and under the
other Loan Documents, and any Default or Event of Default waived shall be deemed to be cured and
not continuing; but no such waiver shall extend to any subsequent or other Default or Event of
Default or impair any right consequent thereon.

          (d) Notwithstanding anything to the contrary contained herein or in any other Loan Document,
the Administrative Agent is hereby irrevocably authorized by each Lender (without any notice to or
consent of any Lender unless expressly required by subsection 12.1) to take any action reasonably
requested by the Borrowers to the extent necessary to permit the consummation of any transaction
permitted by the Loan Documents or that has been consented to in accordance with subsection 12.1.

     12.2. Notices. (a) All notices, requests and demands to or upon the respective parties
hereto to be effective shall be in writing (including by facsimile transmission) and shall be
delivered by hand or overnight courier service, mailed by certified or registered mail or sent by
facsimile, and in each case shall be deemed to have been duly given or made when received in the
case of registered or certified mail, postage prepaid (except that, if not received during normal
business hours of the recipient, shall be deemed to have been received at the opening of business
on the next Business Day for the recipient), addressed as follows in the case of the Borrowers and
the Administrative Agent, and as set forth in Schedule I in the case of the other parties hereto,
or to such other address as may be hereafter notified by the respective parties hereto:

	 	 	 	 	 
	 

	 	The Borrowers:
	 	Harman International
	 

	 	 	 	Industries, Incorporated
	 

	 	 	 	1101 Pennsylvania Avenue, N.W.
	 

	 	 	 	Suite 1010
	 

	 	 	 	Washington, D.C. 20004
	 

	 	 	 	Attention: Greg Henry, Treasurer
	 

	 	 	 	Fax: 202-662-2202
	 

	 	 	 	Attention: Ed Summers, General Counsel
	 

	 	 	 	Fax: 818-920-0677

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	 	The Administrative Agent:
	 	For notices regarding Loans denominated in Dollars:
	 

	 	 	 	JPMorgan Chase Bank, N.A.
	 

	 	 	 	Loan and Agency Services
	 

	 	 	 	111 Fannin, Floor 10
	 

	 	 	 	Houston, TX 77002
	 

	 	 	 	Attention: Omar Jones
	 

	 	 	 	Fax: 713-550-7912
	 
	 	 	 	 
	 

	 	 	 	For notices regarding Loans denominated in

Available Foreign Currencies:
	 

	 	 	 	J.P. Morgan Europe Limited
	 

	 	 	 	125 London Wall
	 

	 	 	 	London, England EC2Y 5AJ
	 

	 	 	 	Attention: Loan Agency
	 

	 	 	 	Fax: 44-(0)-207-777-2360

provided that any Notice of Borrowing, Notice of Competitive Advance Loan, Notice of Continuation,
Notice of Conversion, or any notice pursuant to subsections 2.4, 2.5 or 4.2 shall not be effective
until received. Notices delivered through electronic communications to the extent provided in
paragraph (b) below, shall be effective as provided in said paragraph (b).

          (b) Notices and other communications to the Administrative Agent, the Lenders and the Issuing
Banks hereunder may be delivered or furnished by electronic communication (including e-mail and
Internet or intranet websites) pursuant to procedures prescribed or approved by the Administrative
Agent, provided that the foregoing shall not apply to notices to any Lender pursuant to
Section 2 if such Lender has notified the Administrative Agent and the Company that it is incapable
of receiving such notices under such Section by electronic communication. The Administrative Agent
or the Company 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.

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

          (c) Any party hereto may change its address or telecopier number for notices and other
communications hereunder by notice to the other parties hereto.

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     12.3. No Waiver; Cumulative Remedies. No failure to exercise and no delay in exercising, on
the part of the Administrative Agent or any Lender, any right, remedy, power or privilege hereunder
or under the other Loan Documents shall operate as a waiver thereof; nor shall any single or
partial exercise of any right, remedy, power or privilege hereunder preclude any other or further
exercise thereof or the exercise of any other right, remedy, power or privilege. The rights,
remedies, powers and privileges herein provided are cumulative and not exclusive of any rights,
remedies, powers and privileges provided by law.

     12.4. Survival of Representations and Warranties. All representations and warranties made
hereunder, in the other Loan Documents and in any document, certificate or statement delivered
pursuant hereto or in connection herewith shall survive the execution and delivery of this
Agreement and the making of the Loans hereunder.

     12.5. Payment of Expenses and Taxes. Each Borrower agrees (a) to pay or reimburse the
Administrative Agent for such Borrower’s Applicable Percentage of all the Administrative Agent’s
reasonable out-of-pocket costs and expenses incurred in connection with the development,
preparation and execution of, and any amendment, supplement or modification to, this Agreement and
the other Loan Documents and any other documents prepared in connection herewith or therewith, and
the consummation and administration of the transactions contemplated hereby and thereby, including,
without limitation, the reasonable fees and disbursements of counsel to the Administrative Agent,
(b) to pay or reimburse each Lender and the Administrative Agent for such Borrower’s Applicable
Percentage of all such Lender’s and the Administrative Agent’s costs and expenses reasonably
incurred in connection with the enforcement or preservation of any rights under this Agreement, the
other Loan Documents and any such other documents, including, without limitation, the fees and
disbursements of counsel to each Lender and of counsel to the Administrative Agent, (c) to pay,
indemnify, and hold each Lender and the Administrative Agent harmless from, such Borrower’s
Applicable Percentage of any and all recording and filing fees and any and all liabilities with
respect to, or resulting from any delay in paying, stamp, excise and other taxes, if any, which may
be payable or determined to be payable in connection with the execution and delivery of, or
consummation or administration of any of the transactions contemplated by, or any amendment,
supplement or modification of, or any waiver or consent under or in respect of, this Agreement, the
other Loan Documents and any such other documents, and (d) to indemnify and hold the Administrative
Agent, the Arranger and each Lender, their respective affiliates, and their respective officers,
directors, trustees, advisors and controlling persons, (each, an “indemnified person”)
harmless from and against such Borrower’s Applicable Percentage of any and all liabilities,
obligations, losses, damages, judgments, claims, penalties, costs, expenses or disbursements of any
kind or nature whatsoever arising out of claims, actions, suits or proceedings brought by third
parties with respect to the execution, delivery, enforcement, performance and administration of
this Agreement or the use of the proceeds of the Extensions of Credit (all the foregoing,
collectively, the “indemnified liabilities”),
provided, that the Borrowers shall have no
obligation hereunder to any indemnified person with respect to indemnified liabilities arising from
(i) the gross negligence or willful
misconduct of such indemnified person or any other indemnified person, or (ii) any claim
brought by a Borrower against an Indemnitee for such Indemnitee’s bad faith breach of its
obligations under any Loan Document or (iii) legal proceedings commenced against such indemnified
person by any security holder or creditor thereof arising out of and based upon rights afforded any
such security holder or creditor solely in its capacity as such. The

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agreements in this subsection
shall survive repayment of the Loans and all other amounts payable hereunder.

     12.6. Successors and Assigns; Participations and Assignments. (a) This Agreement shall be
binding upon and inure to the benefit of the Borrowers, the Lenders, the Administrative Agent and
their respective successors and assigns, except that the Borrowers may not assign or transfer any
of their rights or obligations under this Agreement without the prior written consent of each
Lender and no Lender may assign or otherwise transfer any of its rights or obligations hereunder
except (i) to an Assignee in accordance with the provisions of clause (c) of this subsection, (ii)
by way of participation in accordance with the provisions of clause (b) of this subsection, or
(iii) by way of pledge or assignment of a security interest subject to the restrictions of
subsection 12.6(f) (and any other attempted assignment or transfer by any party hereto shall be
null and void). Nothing in this Agreement, expressed or implied, shall be construed to confer upon
any Person (other than the parties hereto, their respective successors and assigns permitted
hereby, Participants to the extent provided in subsection 12.6(f) 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) Any Lender may, in the ordinary course of its commercial banking business and in
accordance with applicable law, at any time sell to one or more banks or other entities
(“Participants”) participating interests in any Loan owing to such Lender, any Commitment
of such Lender or any other interest of such Lender hereunder and under the other Loan Documents.
In the event of any such sale by a Lender of a participating interest to a Participant, such
Lender’s obligations under this Agreement to the other parties to this Agreement shall remain
unchanged, such Lender shall remain solely responsible for the performance of such obligations,
such Lender shall remain the holder of any such Extension of Credit for all purposes under this
Agreement and the other Loan Documents, and the Borrowers, the other Lenders, the Issuing Banks and
the Administrative Agent shall continue to deal solely and directly with such Lender in connection
with such Lender’s rights and obligations under this Agreement and the other Loan Documents. Any
agreement or instrument pursuant to which a Lender sells any such participation shall provide that
such Lender shall retain the sole right to enforce this Agreement and the other Loan Documents and
to approve any amendment or waiver of any provision of any Loan Document, or any consent to any
departure by the Borrowers therefrom, except that such agreement or instrument may provide that the
Lender will not, without the consent of the Participant, agree to any such amendment, waiver or
consent that would (i) reduce the principal of, or interest on (except in connection with any
waiver of applicability of any increase in interest rates during the continuance of an Event of
Default), the Loans or any fees payable to all of the Lenders hereunder, or postpone the date of
the final maturity of the Loans, in each case solely to the extent such amendment, waiver or
consent directly affects the Loan or Loans in which the Participant is participating
(provided that any
waiver of any Default or Event of Default shall not constitute any amendment to the terms of
any such participation, and that any increase in any Commitment or in the principal amount of any
Loan or any interest thereon shall be permitted without the consent of any Participant if the
Participant’s participation in any Loan is not increased as a result thereof). The Borrowers agree
that if amounts outstanding under this Agreement are due or unpaid, or shall have been declared or
shall have become due and payable upon the occurrence of an Event of Default, each Participant
shall, to the maximum extent permitted by applicable law, be deemed to have the

72

 

right of setoff in
respect of its participating interest in amounts owing under this Agreement to the same extent as
if the amount of its participating interest were owing directly to it as a Lender under this
Agreement, provided that, in purchasing such participating interest, such Participant shall be
deemed to have agreed to share with the Lenders the proceeds thereof as provided in subsection
12.7(a) as fully as if it were a Lender hereunder. In the case of any such participation, the
Participant shall not have any rights under this Agreement or any of the other Loan Documents (the
Participant’s rights against such Lender in respect of such participation being limited solely to
those set forth in the agreement executed by such Lender in favor of the Participant relating
thereto) and all amounts payable by the Borrowers hereunder shall be determined as if such Lender
had not sold such participation to such Participant; provided that each Participant shall
be entitled to the benefits of subsections 5.4, 5.5 and 5.6 with respect to its participation in
the Commitments and the Loans outstanding from time to time as if it
were a Lender; and provided,
further, that no Participant shall be entitled to receive any greater amount pursuant to
any such subsection than the transferor Lender would have been entitled to receive in respect of
the amount of the participation transferred by such transferor Lender to such Participant had no
such transfer occurred. A Participant that would be a Non-U.S. Lender if it were a Lender shall
not be entitled to the benefits of subsection 5.5 unless each Borrower is notified of the
participation sold to such Participant and such Participant agrees, for the benefit of each
Borrower, to comply with subsection 5.5 as though it were a Lender.

          (c) Any Lender may, in the ordinary course of its commercial banking business and in
accordance with applicable law, at any time and from time to time assign to any Lender or any
Affiliate thereof or, with the consent of the Company and the Administrative Agent (which in each
case shall not be unreasonably withheld), to an additional bank or financial institution (an
“Assignee”) all or any part of its rights and obligations under this Agreement and the
other Loan Documents pursuant to an Assignment and Acceptance executed by such Assignee, such
assigning Lender (and, in the case of an Assignee that is not then a Lender or an affiliate
thereof, by the Company and the Administrative Agent) and delivered to the Administrative Agent for
its acceptance and recording in the Register, provided that, in the case of any such assignment to
an additional bank or financial institution, the aggregate amount of the Commitment being assigned
and, if such assignment is of less than all of the rights and obligations of the assigning Lender,
the aggregate amount of the Commitment remaining with the assigning Lender are each not less than
$5,000,000 (or such lesser amount as may be agreed to by the Company and the Administrative Agent).
Upon such execution, delivery, acceptance and recording, from and after the effective date
specified in such Assignment and Acceptance, (x) the Assignee thereunder shall be a party hereto
and, to the extent provided in such Assignment and Acceptance, have the rights and obligations of a
Lender hereunder with a Commitment as set forth therein, and (y) the assigning Lender thereunder
shall, to the extent provided in such Assignment and Acceptance, be released from its obligations
under this Agreement (and, in the case of an Assignment and Acceptance covering all or the
remaining
portion of an assigning Lender’s rights and obligations under this Agreement, such assigning
Lender shall cease to be a party hereto). Notwithstanding any provision of this paragraph (c) and
paragraph (e) of this subsection, the consent of the Company shall not be required for any
assignment which occurs at any time when any of the events described in subsection 10(f)(i) or (ii)
shall have occurred and be continuing.

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          (d) The Administrative Agent shall, on behalf of the Borrowers, maintain at the address of the
Administrative Agent referred to in subsection 12.2 a copy of each Assignment and Acceptance
delivered to it and a register (the “Register”) for the recordation of the names and
addresses of the Lenders and the Commitments of, and principal amounts of the Loans owing by each
Borrower to, each Lender from time to time. The entries in the Register shall be conclusive, in
the absence of manifest error, and each Borrower, the Administrative Agent and the Lenders shall
treat each Person whose name is recorded in the Register as the owner of a Loan or other obligation
hereunder as the owner thereof for all purposes of this Agreement and the other Loan Documents,
notwithstanding any notice to the contrary. Any assignment of any Loan or other obligation
hereunder shall be effective only upon appropriate entries with respect thereto being made in the
Register. The Register shall be available for inspection by each Borrower or any Lender at any
reasonable time and from time to time upon reasonable prior notice.

          (e) Upon its receipt of an Assignment and Acceptance executed by an assigning Lender and an
Assignee (and, in the case of an Assignee that is not then a Lender or an affiliate thereof, by the
Company and the Administrative Agent) together with payment to the Administrative Agent of a
registration and processing fee of $3,500, the Administrative Agent shall (i) promptly accept such
Assignment and Acceptance and (ii) on the effective date determined pursuant thereto record the
information contained therein in the Register and give notice of such acceptance and recordation to
the Lenders and the Company.

          (f) Each Borrower authorizes each Lender to disclose to any Participant or Assignee (each, a
“Transferee”) and any prospective Transferee, subject to the provisions of subsection
12.16, any and all financial information in such Lender’s possession concerning the Company and its
Affiliates which has been delivered to such Lender by or on behalf of such Borrower pursuant to
this Agreement or which has been delivered to such Lender by or on behalf of such Borrower in
connection with such Lender’s credit evaluation of such Borrower and its Affiliates prior to
becoming a party to this Agreement, provided, that the Lenders shall take such steps as reasonably
necessary to ensure that confidential information will be treated in a confidential manner as
required by subsection 12.16.

          (g) For avoidance of doubt, the parties to this Agreement acknowledge that the provisions of
this subsection concerning assignments of Loans relate only to absolute assignments and that such
provisions do not prohibit assignments creating security interests, including, without limitation,
any pledge or assignment by a Lender of any Loan to any Federal Reserve Bank in accordance with
applicable law.

     12.7 Adjustments; Set-off. (a) Subject to the provisions of subsection 2.13, if any Lender (a “benefitted
Lender”) shall at any time receive any payment of all or part of its Loans to a Borrower or
other Company Obligations or Additional Borrower Obligations, as applicable, then due and owing, or
interest thereon, or receive any collateral in respect thereof (whether voluntarily or
involuntarily, by set-off, pursuant to events or proceedings of the nature referred to in
subsection 10(f), or otherwise), in a greater proportion than any such payment to or collateral
received by any other Lender, if any, in respect of such other Lender’s Loans to such Borrower or
other Company Obligations or Additional Borrower Obligations, as applicable, then due and owing, or
interest thereon, such benefitted Lender shall notify the Administrative Agent and

74

 

purchase (for
cash at face value) from the other Lenders a participating interest in such portion of each such
other Lender’s Loans to such Borrower or other Company Obligations or Additional Borrower
Obligations, as applicable, or shall make such other adjustments as shall be equitable, as shall be
necessary to cause such benefitted Lender to share the excess payment ratably by the Lenders in
accordance with the aggregate amount of principal of and accrued interest on their respective Loans
to such Borrower and other Company Obligations or Additional Borrower Obligations, as applicable,
owing to them; provided, however, that if any such participations are purchased and all or any
portion of such excess payment or benefits is thereafter recovered from such benefitted Lender,
such purchase shall be rescinded, and the purchase price and benefits returned, to the extent of
such recovery, but without interest; and the provisions of this subsection shall not be construed
to apply to (x) any payment made by such Borrower pursuant to and in accordance with the express
terms of this Agreement or (y) any payment obtained by a Lender as consideration for the assignment
of or sale of a participation in any of its Loans to such Borrower or other Company Obligations or
Additional Borrower Obligations, as applicable, to any Transferee, other than to the applicable
Borrower (as to which the provisions of this subsection shall apply).

          (b) Subject to the provisions of subsection 2.13, if an Event of Default shall have occurred
and be continuing, each Lender shall have the right, without prior notice to a Borrower, any such
notice being expressly waived by the Borrowers to the extent permitted by applicable law, upon any
amount becoming due and payable by a Borrower hereunder (whether at the stated maturity, by
acceleration or otherwise) to set-off and appropriate and apply against such amount any and all
deposits (general or special, time or demand, provisional or final), in any currency, and any other
credits, indebtedness or claims (other than Hedging Agreements entered into by such Borrower and
such Lender), in any currency, in each case whether direct or indirect, absolute or contingent,
matured or unmatured, at any time held or owing by such Lender or any branch or agency thereof to
or for the credit or the account of such Borrower. Each Lender agrees promptly to notify the
Borrowers and the Administrative Agent after any such set-off and application made by such Lender,
provided that the failure to give such notice shall not affect the validity of such set-off and
application.

     12.8. Judgment. (a) If for the purpose of obtaining judgment in any court it is necessary
to convert a sum due hereunder in one currency into another currency, the parties hereto agree, to
the fullest extent that they may effectively do so, that the rate of exchange used shall be that at
which in accordance with normal banking procedures the Administrative Agent could purchase the
first currency with such other currency on the Business Day preceding the day on which final
judgment is given.

          (b) The obligation of a Borrower in respect of any sum due to any Lender or the Administrative
Agent hereunder shall, notwithstanding any judgment in a currency (the “Judgment Currency”)
other than that in which such sum is denominated in accordance with the applicable provisions of
this Agreement (the “Agreement Currency”), be discharged only to the extent that on the
Business Day following receipt by such Lender or the Administrative Agent (as the case may be) of
any sum adjudged to be so due in the Judgment Currency such Lender or the Administrative Agent (as
the case may be) may in accordance with normal banking procedures purchase the Agreement Currency
with the Judgment Currency. If the amount of the Agreement Currency so purchased is less than the
sum originally due to such Lender or the

75

 

Administrative Agent (as the case may be) in the Agreement
Currency, the applicable Borrower agrees, as a separate obligation and notwithstanding any such
judgment, to indemnify such Lender or the Administrative Agent (as the case may be) against such
loss, and if the amount of the Agreement Currency so purchased exceeds the sum originally due to
any Lender or the Administrative Agent (as the case may be), such Lender or the Administrative
Agent (as the case may be) agrees to remit to such Borrower such excess.

     12.9. Counterparts. This Agreement may be executed by one or more of the parties to this
Agreement on any number of separate counterparts (including by facsimile transmission), and all of
said counterparts taken together shall be deemed to constitute one and the same instrument. A set
of the copies of this Agreement signed by all the parties shall be lodged with the Company and the
Administrative Agent. 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.

     12.10. Severability. Any provision of this Agreement which is prohibited or unenforceable in
any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such prohibition
or unenforceability without invalidating the remaining provisions hereof, and any such prohibition
or unenforceability in any jurisdiction shall not invalidate or render unenforceable such provision
in any other jurisdiction.

     12.11. Integration. This Agreement and the other Loan Documents represent the agreement of
the Borrowers, the Administrative Agent and the Lenders with respect to the subject matter hereof,
and there are no promises, undertakings, representations or warranties by the Administrative Agent
or any Lender relative to the subject matter hereof not expressly set forth or referred to herein
or in the other Loan Documents.

     12.12. GOVERNING LAW. THIS AGREEMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES HEREUNDER
SHALL BE GOVERNED BY, AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW
YORK.

     12.13. Submission to Jurisdiction; Waivers. Each Borrower hereby irrevocably and
unconditionally:

     (a) submits for itself and its property in any legal action or proceeding relating to
this Agreement and the other Loan Documents to which it is a party, or for recognition and
enforcement of any judgment in respect thereof, to the non-exclusive general jurisdiction of
the Courts of the State of New York, the courts of the United States of America for the
Southern District of New York, and appellate courts from any thereof;

     (b) consents that any such action or proceeding may be brought in such courts and
waives any objection that it may now or hereafter have to the venue of any such action or
proceeding in any such court or that such action or proceeding was brought in an
inconvenient court and agrees not to plead or claim the same;

     (c) agrees that service of process in any such action or proceeding may be effected by
mailing a copy thereof by registered or certified mail (or any substantially

76

 

similar form of
mail), postage prepaid, to such Borrower at its address set forth in subsection 12.2 or at
such other address of which the Administrative Agent shall have been notified pursuant
thereto;

     (d) agrees that nothing herein shall affect the right to effect service of process in
any other manner permitted by law or shall limit the right to sue in any other jurisdiction;
and

     (e) waives, to the maximum extent not prohibited by law, any right it may have to claim
or recover in any legal action or proceeding referred to in this subsection any special,
exemplary, punitive or consequential damages.

     12.14. Acknowledgements. Each Borrower hereby acknowledges that:

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

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

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

     12.15. WAIVERS OF JURY TRIAL. THE BORROWERS, THE ADMINISTRATIVE AGENT AND THE LENDERS HEREBY IRREVOCABLY AND
UNCONDITIONALLY WAIVE TRIAL BY JURY IN ANY LEGAL ACTION OR PROCEEDING RELATING TO THIS AGREEMENT OR
ANY OTHER LOAN DOCUMENT AND FOR ANY COUNTERCLAIM THEREIN.

     12.16. Confidentiality. (a) Each of the Administrative Agent, each other Agent, each Issuing
Bank and each Lender agrees to keep confidential all information provided to it by the Company or
any of its Subsidiaries pursuant to or in connection with this Agreement, other than any
information that is available to such Person on a non-confidential basis prior to disclosure by the
Company or any of its Subsidiaries (collectively, the “Information”); provided that nothing
herein shall prevent any Lender from disclosing any such Information (i) to the Administrative
Agent or any other Lender, (ii) to any Transferee or prospective Transferee which agrees to be
bound by the provisions of this subsection 12.16 or substantially equivalent provision, (iii) to
its employees, directors, agents, attorneys, accountants and other professional advisors (it being
understood that all such Persons to whom disclosure is made shall be informed of the confidential
nature of such Information and shall be instructed to and agree to keep such information strictly
confidential), (iv) upon the request or demand of any Governmental Authority having jurisdiction
over it, (v) in response to any order of any court or other Governmental Authority or as may
otherwise be required pursuant to any Requirement of Law,

77

 

(vi) which has been publicly disclosed by
the Company, or (vii) in connection with the exercise of any remedy hereunder.

          (b) Notwithstanding anything herein to the contrary, “Information” shall not include, and the
Company, the Administrative Agent, each Lender and the respective Affiliates of each of the
foregoing (and the respective partners, directors, officers, employees, agents, advisors and other
representatives of each of the foregoing and their Affiliates), and any other party, may disclose
to any and all Persons, without limitation of any kind, (a) any information with respect to the
U.S. federal and state income tax treatment of the transactions contemplated hereby and any facts
that may be required to understand such tax treatment, which facts shall not include for this
purpose the names of the parties or any other Person named herein, or information that would permit
identification of the parties or such other Persons, or any pricing terms or other nonpublic
business or financial information that is unrelated to such tax treatment or facts, and (b) all
materials of any kind (including opinions or other tax analyses) that are provided to any of the
Persons referred to above relating to such tax treatment or facts.

     12.17. Patriot Act. Each Lender that is subject to the requirements of the USA Patriot Act
(Title III of Pub. L. 107-56) hereby notifies each Borrower that pursuant to the requirements of
the USA Patriot Act, it is required to obtain, verify and record information that identifies such
Borrower, which information includes the name and address of such Borrower and other information
that is required to enable such Lender to identify such Borrower in accordance with the USA Patriot
Act. Each Borrower will provide such information to such Lender at its written request.

78

 

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

	 	 	 	 	 
	 	HARMAN INTERNATIONAL

INDUSTRIES, INCORPORATED

 	 
	 	By:  	/s/ Kevin Brown
 	 
	 	 	Name:  	Kevin Brown 	 
	 	 	Title:  	Vice President, Chief Financial Officer

and Assistant Secretary 	 

	 	 	 	 	 
	 	HARMAN HOLDING GMBH & CO. KG

 	 
	 	By:  	HARMAN MANAGEMENT GMBH,
 	 
	 	 	its General Partner 	 

	 	 	 	 	 
	 	By:  	                                  /s/ Kevin Brown
 	 
	 	 	Name:  	Kevin Brown 	 
	 	 	Title:  	Managing Director 	 

	 	 	 	 	 
	 	JPMORGAN CHASE BANK, N.A., as
Administrative

 Agent
and Lender

 	 
	 	By:  	
/s/ Stephen Zajac
 	 
	 	 	Name:  	Stephen Zajac 	 
	 	 	Title:  	Senior Vice President 	 
	 

 

	 	 	 	 	 
	 	MULTI-CURRENCY, MULTI-OPTION
CREDIT AGREEMENT dated as of June 22, 2006

HSBC Bank USA, National Association

 	 
	 	By:  	/s/ Diane M. Zieske
 	 
	 	 	Name:  	Diane M. Zieske 	 
	 	 	Title:  	Senior Vice President 	 
	 

 

 

	 	 	 	 	 
	 	MULTI-CURRENCY, MULTI-OPTION CREDIT
AGREEMENT dated as of June 22, 2006

CITIBANK, N.A.

 	 
	 	By:  	/s/ Andrew Kreeger
 	 
	 	 	Name:  	Andrew Kreeger 	 
	 	 	Title:  	Vice President 	 
	 

 

 

	 	 	 	 	 
	 	MULTI-CURRENCY, MULTI-OPTION CREDIT
AGREEMENT dated as of June 22, 2006

The Governor & Company of the Bank of Ireland, LENDER

 	 
	 	By:  	/s/ Noelle McGrath
 	 
	 	 	Name:  	Noelle McGrath 	 
	 	 	Title:  	Authorised Signatory 	 

	 	 	 	 	 
	 	By:  	                  /s/ Lisa Stewart
 	 
	 	 	Name:  	Lisa Stewart 	 
	 	 	Title:  	Authorised Signatory 	 
	 

 

 

	 	 	 	 	 
	 	MULTI-CURRENCY, MULTI-OPTION CREDIT
AGREEMENT dated as of June 22, 2006

DANSKE BANK, LENDER

 	 
	 	By:  	/s/ Finn Jensen
 	 
	 	 	Name:  	Finn Jensen 	 
	 	 	Title:  	Credit Officer 	 

	 	 	 	 	 
	 	By:  	                  /s/ Margit Kobbernagel
 	 
	 	 	Name:  	Margit Kobbernagel 	 
	 	 	Title:  	Credit Officer 	 
	 

 

 

	 	 	 	 	 
	 	MULTI-CURRENCY, MULTI-OPTION CREDIT
AGREEMENT dated
as of June 22, 2006

The Bank of Nova Scotia

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

 

 

	 	 	 	 	 
	 	MULTI-CURRENCY, MULTI-OPTION CREDIT
AGREEMENT dated as of June 22, 2006

BAYERISCHE HYPO-UND

VEREINSBANK AG, New York Branch

 	 
	 	By:  	/s/ Ken Hamilton
 	 
	 	 	Name:  	Ken Hamilton 	 
	 	 	Title:  	Director 	 

	 	 	 	 	 
	 	By:  	                   /s/ Richard Cordover
 	 
	 	 	Name:  	Richard Cordover 	 
	 	 	Title:  	Director 	 
	 

 

 

	 	 	 	 	 
	 	MULTI-CURRENCY, MULTI-OPTION CREDIT
AGREEMENT dated as of June 22, 2006

Bank of Tokyo-Mitsubishi UFJ Trust Company, formerly

known as Bank of Tokyo-Mitsubishi Trust Company

 	 
	 	By:  	/s/ Lillian Kim
 	 
	 	 	Name:  	Lillian Kim 	 
	 	 	Title:  	Vice President 	 
	 

 

 

SCHEDULE I

LENDERS AND COMMITMENTS

	 	 	 	 	 
	LENDER	 	COMMITMENT PERCENTAGE
	JPMorgan Chase Bank, N.A.
	 	 	20.00	%
	 
	Bank of Tokyo-Mitsubishi Trust Company
	 	 	16.00	%
	 
	HSBC Bank USA, National Association
	 	 	16.00	%
	 
	Bayerische Hypo-und Vereinsbank AG, New York Branch
	 	 	16.00	%
	 
	The Governor and Company of The Bank of Ireland
	 	 	8.00	%
	 
	Citibank, N.A.
	 	 	8.00	%
	 
	Danske Bank A/S
	 	 	8.00	%
	 
	The Bank of Nova Scotia
	 	 	8.00	%
	 
	TOTAL:
	 	 	100.00	%

 

 

SCHEDULE II

ADMINISTRATIVE SCHEDULE

	I.	 	COMMITTED RATE LOANS

	 	A.	 	Interest Rates for Each Currency

	 	 	Dollars:

	 	1.	 	Committed Rate ABR Loans: ABR
	 
	 	2.	 	Committed Rate Eurocurrency Loans:

for any Interest Period in respect of any Committed Rate Eurocurrency
Loan denominated in Dollars, the rate of interest per annum for deposits
in Dollars for a period beginning on the first day of such Interest
Period and ending on the last day of such Interest Period equal to the
British Bankers Association LIBOR Rate for such deposits which appears on
the Telerate Page 3750 (or such other page on the Telerate Service as may
replace such page) comparable in amount to the principal amount of such
Committed Rate Eurocurrency Loan (or, if no such quotation appears on any
such Telerate Page, on the Reuters Screen displaying the British Bankers
Association fixing of its LIBOR Rates for such deposits or such other
screen on Reuters as may replace such screen (or, if no such quotation
appears on any such Reuters Screen, on the page or screen of such other
service as may be nominated as the information vendor for the purpose of
displaying the British Bankers Association fixing of its LIBOR Rates for
such deposits)) as of 11:30 a.m., London time, on the Quotation Day for
such Interest Period.

 

 

	 	 	Danish Kroner:

	 	 	 	Committed Rate Eurocurrency Loans:

for any Interest Period in respect of any Committed Rate Eurocurrency
Loan denominated in Danish Kroner, the rate of interest per annum for
deposits in Danish Kroner for a period beginning on the first day of such
Interest Period and ending on the last day of such Interest Period equal
to the rate for such deposits which appears on the applicable Telerate
page displaying such rate comparable in amount to the principal amount of
such Committed Rate Eurocurrency Loan as of 11:30 a.m., London time, on
the Quotation Day for such Interest Period.

	 	 	British Pounds Sterling:

	 	 	 	Committed Rate Eurocurrency Loans:

for any Interest Period in respect of any Committed Rate Eurocurrency
Loan denominated in British Pounds Sterling, the rate of interest per
annum equal to the British Bankers Association LIBOR Rate for such
deposits which appears on the Telerate Page 3750 (or such other page on
the Telerate Service as may replace such page) comparable in amount to
the principal amount of such Committed Rate Eurocurrency Loan (or, if no
such quotation appears on any such Telerate Page, on the Reuters Screen
then displaying the British Bankers Association fixing of its LIBOR Rates
for such deposits (or, if no such quotation appears on any such Reuters
Screen, on the page or screen of such other service as may be nominated
as the information vendor for the

- 2 -

 

purpose of displaying the British Bankers Association fixing of its LIBOR
Rates for such deposits)) at or about 11:30 A.M., London time, on the
Quotation Day for such Interest Period.

	 	 	Swedish Krona:

	 	 	 	Committed Rate Eurocurrency Loans:

for any Interest Period in respect of any Committed Rate Eurocurrency
Loan denominated in Swedish Krona, the rate of interest per annum for
deposits in Swedish Krona for a period beginning on the first day of such
Interest Period and ending on the last day of such Interest Period equal
to the rate for such deposits which appears on the applicable Telerate
page displaying such rate comparable in amount to the principal amount of
such Committed Rate Eurocurrency Loan as of 11:30 a.m., London time, on
the Quotation Day for such Interest Period.

	 	 	Canadian Dollars:

	 	 	 	Committed Rate Eurocurrency Loans:

for any Interest Period in respect of any Committed Rate Eurocurrency
Loan denominated in Canadian Dollars, the rate of interest per annum for
deposits in Canadian Dollars for a period beginning on the first day of
such Interest Period and ending on the last day of such Interest Period
equal to the British Bankers Association LIBOR Rate for such deposits
which appears on the Telerate Page 3740 (or such other page on the
Telerate Service as may replace such page) comparable in amount to the
principal amount of such Committed Rate Eurocurrency

- 3 -

 

Loan (or, if no such quotation appears on any such Telerate Page, on the
Reuters Screen then displaying the British Bankers Association LIBOR
Rates on such deposits (or, if no such quotation appears on any such
Reuters Screen, on the page or screen of such other service as may be
nominated as the information vendor for the purpose of displaying the
British Bankers Association fixing of its LIBOR Rates on such deposits))
as of 11:30 a.m., London time, on the Quotation Day for such Interest
Period.

	 	 	Swiss Francs:

	 	 	 	Committed Rate Eurocurrency Loans:

for any Interest Period in respect of any Committed Rate Eurocurrency
Loan denominated in Swiss Francs, the rate of interest per annum for
deposits in Swiss Francs for a period beginning on the first day of such
Interest Period and ending on the last day of such Interest Period equal
to the British Bankers Association LIBOR Rate for such deposits which
appears on the Telerate Page 3750 (or such other page on the Telerate
Service as may replace such page) comparable in amount to the principal
amount of such Committed Rate Eurocurrency Loan (or, if no such quotation
appears on any such Telerate Page, on the Reuters Screen then displaying
the British Bankers Association LIBOR Rates for such deposits (or, if no
such quotation appears on any such Reuters Screen, on the page or screen
of such other service as may be nominated as the information vendor for
the purpose of displaying the British Bankers Association fixing of its
LIBOR Rates for such

- 4 -

 

deposits)) as of 11:30 a.m., London time, on the Quotation Day for such
Interest Period.

	 	 	Japanese Yen:

	 	 	 	Committed Rate Eurocurrency Loans:

for any Interest Period, in respect of any Committed Rate Eurocurrency
Loan denominated in Japanese Yen, the rate of interest per annum for
deposits in Japanese Yen for a period beginning on the first day of such
Interest Period and ending on the last day of such Interest Period equal
to the British Bankers Association LIBOR Rate for such deposits which
appears on the Telerate Page 3750 (or such other page on the Telerate
Service that replaces such page) comparable in amount to the principal
amount of such Committed Rate Eurocurrency Loan (or, if no such quotation
appears on any such Telerate Page, on the Reuters Screen then displaying
the British Bankers Association LIBOR Rate for such deposits (or, if no
such quotation appears on any such Reuters Screen, on the page or screen
of such other service as may be nominated as the information vendor for
the purpose of displaying the British Bankers Association fixing of its
LIBOR Rates for such deposits)) as of 11:30 a.m., London time, on the
Quotation Day for such Interest Period.

	 	 	Hong Kong Dollars:

	 	 	 	Committed Rate Eurocurrency Loans:

for any Interest Period in respect of any Committed Rate Eurocurrency
Loan denominated in Hong Kong Dollars, the rate of interest per

- 5 -

 

annum for deposits in Hong Kong Dollars for a period beginning on the
first day of such Interest Period and ending on the last day of such
Interest Period equal to the rate for such deposits which appears on the
applicable Telerate page displaying such rate comparable in amount to the
principal amount of such Committed Rate Eurocurrency Loan as of 11:30
a.m., London time, on the Quotation Day for such Interest Period.

	 	 	Singapore Dollars:

	 	 	 	Committed Rate Eurocurrency Loans:

for any Interest Period in respect of any Committed Rate Eurocurrency
Loan denominated in Singapore Dollars, the rate of interest per annum for
deposits in Singapore Dollars for a period beginning on the first day of
such Interest Period and ending on the last day of such Interest Period
equal to the rate for such deposits which appears on the applicable
Telerate page displaying such rate comparable in amount to the principal
amount of such Committed Rate Eurocurrency Loan as of 11:30 a.m., London
time, on the Quotation Day for such Interest Period.

	 	 	Euros:

	 	 	 	Committed Rate Eurocurrency Loans:

for any Interest Period in respect of any Committed Rate Eurocurrency
Loan denominated in Euros, the rate of interest per annum for deposits in
Euros for a period beginning on the first day of such Interest Period and
ending on the last day of such Interest Period which appears on the

- 6 -

 

Telerate Page 248 (or such other page on the Telerate Service as may
replace such page) comparable in amount to the principal amount of such
Committed Rate Eurocurrency Loan (or if no such quotation appears on any
such Telerate Page, on the Reuters Screen then displaying the British
Bankers Association fixing of its LIBOR Rates for such deposits (or, if
no such quotation appears on any such Reuters Screen, on the page or
screen of such other service as may be nominated as the information
vendor for the purpose of displaying the British Bankers Association
fixing of its LIBOR Rates for such deposits)) as of 11:30 a.m., London
time, on the Quotation Day for such Interest Period.

	 	 	If at the time of determination of a Eurocurrency Rate for any Interest Period in
respect of any Committed Rate Eurocurrency Loan to be made under this Agreement in
any Available Foreign Currency cannot be made as described above because the
applicable Telerate page, Reuters screen or other page or screen (as applicable)
ceases to exist, is no longer publishing such Eurocurrency Rate or is otherwise
unavailable, such Eurocurrency Rate shall be equal the average of the rates (rounded
upward to the nearest 1/100th of 1%) at which deposits comparable in
amount to the principal amount of such Committed Rate Eurocurrency Loan in such
Available Foreign Currency for such Interest Period are offered by at least three
(3) leading banks in the relevant eurocurrency and foreign currency interbank market
to the Administrative Agent as of 11:30 a.m., London time, on the Quotation Day for
such Interest Period.

- 7 -

 

	 	B.	 	Funding Office, Funding Time, Payment Office, Payment Time for Each Currency.

	 	 	Dollars:

	 	 	 	 	 	 	 	 	 
	 

	 	 	1.	 	 	Funding Office:
	 	JPMorgan Chase Bank, N.A.
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	270 Park Avenue
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	New York, New York 10017
	 
	 	 	 	 	 	 	 	 
	 

	 	 	2.	 	 	Funding Time:
	 	11:00 A.M., New York time
	 
	 	 	 	 	 	 	 	 
	 

	 	 	3.	 	 	Payment Office:
	 	JP Morgan Chase Bank, N.A.
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	270 Park Avenue
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	New York, New York 10017
	 
	 	 	 	 	 	 	 	 
	 

	 	 	4.	 	 	Payment Time:
	 	11:00 A.M., New York time.

	 	 	Danish Kroner:

	 	 	 	 	 	 	 	 	 
	 

	 	 	1.	 	 	Funding Office:
	 	Account of: J.P. Morgan Europe Limited
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	Account No: 5000001963
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	Nordea Bank
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	Copenhagen
	 
	 	 	 	 	 	 	 	 
	 

	 	 	2.	 	 	Funding Time:
	 	11:00 A.M., local time.
	 
	 	 	 	 	 	 	 	 
	 

	 	 	3.	 	 	Payment Office:
	 	Account of: J.P. Morgan Europe Limited
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	Account No: 5000001963
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	Nordea Bank
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	Copenhagen
	 
	 	 	 	 	 	 	 	 
	 

	 	 	4.	 	 	Payment Time:
	 	11:00 A.M., local time.

- 8 -

 

	 	 	Sterling:

	 	 	 	 	 	 	 	 	 
	 

	 	 	1.	 	 	Funding Office:
	 	Account of: J.P. Morgan Europe Limited
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	Account No: CHAPS 40 52 06
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	J.P. Morgan Europe Limited
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	125 London Wall
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	London EC2Y 5AJ
	 
	 	 	 	 	 	 	 	 
	 

	 	 	2.	 	 	Funding Time:
	 	11:00 A.M., local time.
	 
	 	 	 	 	 	 	 	 
	 

	 	 	3.	 	 	Payment Office:
	 	Account of: J.P. Morgan Europe Limited
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	Account No: CHAPS 40 52 06
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	J.P. Morgan Europe Limited
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	125 London Wall
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	London EC2Y 5AJ
	 
	 	 	 	 	 	 	 	 
	 

	 	 	4.	 	 	Payment Time:
	 	11:00 A.M., local time.

	 	 	Swedish Krona:

	 	 	 	 	 	 	 	 	 
	 

	 	 	1.	 	 	Funding Office:
	 	Account of: J.P. Morgan Europe Limited
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	Account No: 52018519395
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	Skandinaviska Enskilda Banken
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	Stockholm
	 
	 	 	 	 	 	 	 	 
	 

	 	 	2.	 	 	Funding Time:
	 	11:00 A.M., local time.
	 
	 	 	 	 	 	 	 	 
	 

	 	 	3.	 	 	Payment Office:
	 	Account of: J.P. Morgan Europe Limited
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	Account No: 52018519395
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	Skandinaviska Enskilda Banken
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	Stockholm
	 
	 	 	 	 	 	 	 	 
	 

	 	 	4.	 	 	Payment Time:
	 	11:00 A.M., local time.

- 9 -

 

	 	 	Canadian Dollars:

	 	 	 	 	 	 	 	 	 
	 

	 	 	1.	 	 	Funding Office:
	 	Account of: J.P. Morgan Europe Limited
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	Account No: 219 / 442 / 1
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	Royal Bank of Canada
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	Canada
	 
	 	 	 	 	 	 	 	 
	 

	 	 	2.	 	 	Funding Time:
	 	11:00 A.M., local time.
	 
	 	 	 	 	 	 	 	 
	 

	 	 	3.	 	 	Payment Office:
	 	Account of: J.P. Morgan Europe Limited
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	Account No: 219 / 442 / 1
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	Royal Bank of Canada
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	Canada
	 
	 	 	 	 	 	 	 	 
	 

	 	 	4.	 	 	Payment Time:
	 	11:00 A.M., local time.

	 	 	Swiss Francs:

	 	 	 	 	 	 	 	 	 
	 

	 	 	1.	 	 	Funding Office:
	 	Account of: J.P. Morgan Europe Limited
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	Account No: 023044266.05R
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	UBS AG
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	Zurich
	 
	 	 	 	 	 	 	 	 
	 

	 	 	2.	 	 	Funding Time:
	 	11:00 A.M., local time.
	 
	 	 	 	 	 	 	 	 
	 

	 	 	3.	 	 	Payment Office:
	 	Account of: J.P. Morgan Europe Limited
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	Account No: 023044266.05R
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	UBS AG
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	Zurich
	 
	 	 	 	 	 	 	 	 
	 

	 	 	4.	 	 	Payment Time:
	 	11:00 A.M., local time.

- 10 -

 

	 	 	Japanese Yen:

	 	 	 	 	 	 	 	 	 
	 

	 	 	1.	 	 	Funding Office:
	 	Account of: J.P. Morgan Europe Limited
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	Account No: 0171458656
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	JPMorgan Chase Bank, N.A.
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	Tokyo
	 
	 	 	 	 	 	 	 	 
	 

	 	 	2.	 	 	Funding Time:
	 	11:00 A.M., local time.
	 
	 	 	 	 	 	 	 	 
	 

	 	 	3.	 	 	Payment Office:
	 	Account of: J.P. Morgan Europe Limited
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	Account No: 0171458656
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	JPMorgan Chase Bank, N.A.
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	Tokyo
	 
	 	 	 	 	 	 	 	 
	 

	 	 	4.	 	 	Payment Time:
	 	11:00 A.M., local time.

	 	 	Hong Kong Dollars:

	 	 	 	 	 	 	 	 	 
	 

	 	 	1.	 	 	Funding Office:
	 	Account of: J.P. Morgan Europe Limited
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	Account No: 3101 039230103
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	JPMorgan Chase Bank
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	Hong Kong
	 
	 	 	 	 	 	 	 	 
	 

	 	 	2.	 	 	Funding Time:
	 	11:00 A.M., local time.
	 
	 	 	 	 	 	 	 	 
	 

	 	 	3.	 	 	Payment Office:
	 	Account of: J.P. Morgan Europe Limited
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	Account No: 3101 039230103
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	JPMorgan Chase Bank
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	Hong Kong
	 
	 	 	 	 	 	 	 	 
	 

	 	 	4.	 	 	Payment Time:
	 	11:00 A.M., local time.

- 11 -

 

	 	 	Singapore Dollars:

	 	 	 	 	 	 	 	 	 
	 

	 	 	1.	 	 	Funding Office:
	 	FFC: J.P. Morgan Europe Limited
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	Account JPMorgan Chase Bank London
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	Account No: 510-474217-001
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	Overseas Chinese Banking Corp
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	Singapore (OCBCSG)
	 
	 	 	 	 	 	 	 	 
	 

	 	 	2.	 	 	Funding Time:
	 	11:00 A.M., local time.
	 
	 	 	 	 	 	 	 	 
	 

	 	 	3.	 	 	Payment Office:
	 	FFC: J.P. Morgan Europe Limited
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	Account JPMorgan Chase Bank London
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	Account No: 510-474217-001
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	Overseas Chinese Banking Corp
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	Singapore (OCBCSG)
	 
	 	 	 	 	 	 	 	 
	 

	 	 	4.	 	 	Payment Time:
	 	11:00 A.M., local time.

	 	 	Euros:

	 	 	 	 	 	 	 	 	 
	 

	 	 	1.	 	 	Funding Office:
	 	Account of: J.P. Morgan Europe Limited
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	Account No: DE93501108006001600037
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	JPMorgan Chase Bank AG, Frankfurt
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	SWIFT Code CHASDEFX
	 
	 	 	 	 	 	 	 	 
	 

	 	 	2.	 	 	Funding Time:
	 	12:00 P.M., local time.
	 
	 	 	 	 	 	 	 	 
	 

	 	 	3.	 	 	Payment Office:
	 	Account of: J.P. Morgan Europe Limited
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	Account No: DE93501108006001600037
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	JPMorgan Chase Bank AG, Frankfurt
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	SWIFT Code CHASDEFX
	 
	 	 	 	 	 	 	 	 
	 

	 	 	4.	 	 	Payment Time:
	 	12:00 P.M., local time.

- 12 -

 

	 	C.	 	Notice of Borrowing

	 	 	Dollars:

	 	 	 	 	 	 	 	 	 
	 

	 	 	1.	 	 	Deliver to:
	 	JPMorgan Chase Bank, N.A.
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	Loan and Agency Services
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	111 Fannin, Floor 10
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	Houston, Texas 77002
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	Attention: Omar Jones
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	Telephone No: 713-750-7912
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	Fax No: 713-750-2938

	 	2.	 	Time:	(i) ABR Loans—Not later than 11:00 A.M., New York City
time, one Business Day prior to the Borrowing Date
	 
	 	 	 	 	(ii) Eurocurrency Loans—Not later than 11:00 A.M., New York City
time, three Business Days prior to the Borrowing Date.

	 	3.	 	Information Required: See Exhibit E to this Agreement.

	 	 	Danish Kroner:

	 	 	 	 	 	 	 	 	 
	 

	 	 	1.	 	 	Deliver to:
	 	J.P. Morgan Europe Limited
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	125 London Wall
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	London EC2Y 5AJ
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	Attention: Loans Agency
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	Telephone No: 44 (0) 207 777 2542
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	Fax No: 44 (0) 207 777 2360

	 	2.	 	Time: Not later than 11:00 A.M., London time, on the last
Business Day preceding the Quotation Day in respect of such Borrowing Date.

- 13 -

 

	 	3.	 	Information Required: see Exhibit E to this Agreement.

	 	 	British Pounds Sterling:

	 	 	 	 	 	 	 	 	 
	 

	 	 	1.	 	 	Deliver to:
	 	J.P. Morgan Europe Limited
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	125 London Wall
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	London EC2Y 5AJ
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	Attention: Loans Agency
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	Telephone No: 44 (0) 207 777 2542
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	Fax No: 44 (0) 207 777 2360

	 	2.	 	Time: Not later than 11:00 A.M., London time, on the last
Business Day preceding the Quotation Day in respect of such Borrowing Date.
	 
	 	3.	 	Information Required: See Exhibit E to this Agreement.

	 	 	Swedish Krona:

	 	 	 	 	 	 	 	 	 
	 

	 	 	1.	 	 	Deliver to:
	 	J.P. Morgan Europe Limited
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	125 London Wall
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	London EC2Y 5AJ
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	Attention: Loans Agency
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	Telephone No: 44 (0) 207 777 2542
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	Fax No: 44 (0) 207 777 2360

	 	2.	 	Time: Not later than 11:00 A.M., London time, on the last
Business Day preceding the Quotation Day in respect of such Borrowing Date.
	 
	 	3.	 	Information Required: See Exhibit E to this Agreement.

- 14 -

 

	 	 	Canadian Dollars:

	 	 	 	 	 	 	 	 	 
	 

	 	 	1.	 	 	Deliver to:
	 	J.P. Morgan Europe Limited
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	125 London Wall
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	London EC2Y 5AJ
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	Attention: Loans Agency
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	Telephone No: 44 (0) 207 777 2542
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	Fax No: 44 (0) 207 777 2360

	 	2.	 	Time: Not later than 11:00 A.M., London time, on the last
Business Day preceding the Quotation Day in respect of such Borrowing Date.
	 
	 	3.	 	Information Required: See Exhibit E to this Agreement.

	 	 	Swiss Francs:

	 	 	 	 	 	 	 	 	 
	 

	 	 	1.	 	 	Deliver to:
	 	J.P. Morgan Europe Limited
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	125 London Wall
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	London EC2Y 5AJ
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	Attention: Loans Agency
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	Telephone No: 44 (0) 207 777 2542
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	Fax No: 44 (0) 207 777 2360

	 	2.	 	Time: Not later than 11:00 A.M., London time, on the last
Business Day preceding the Quotation Day in respect of such Borrowing Date.
	 
	 	3.	 	Information Required: See Exhibit E to this Agreement.

- 15 -

 

	 	 	Japanese Yen:

	 	 	 	 	 	 	 	 	 
	 

	 	 	1.	 	 	Deliver to:
	 	J.P. Morgan Europe Limited
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	125 London Wall
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	London EC2Y 5AJ
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	Attention: Loans Agency
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	Telephone No: 44 (0) 207 777 2542
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	Fax No: 44 (0) 207 777 2360

	 	2.	 	Time: Not later than 11:00 A.M., London time, on the last
Business Day preceding the Quotation Day in respect of such Borrowing Date.
	 
	 	3.	 	Information Required: See Exhibit E to this Agreement.

	 	 	Hong Kong Dollars:

	 	 	 	 	 	 	 	 	 
	 

	 	 	1.	 	 	Deliver to:
	 	J.P. Morgan Europe Limited
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	125 London Wall
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	London EC2Y 5AJ
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	Attention: Loans Agency
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	Telephone No: 44 (0) 207 777 2542
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	Fax No: 44 (0) 207 777 2360

	 	2.	 	Time: Not later than 11:00 A.M., London time, on the last
Business Day preceding the Quotation Day in respect of such Borrowing Date.
	 
	 	3.	 	Information Required: See Exhibit E to this Agreement.

- 16 -

 

	 	 	Singapore Dollars:

	 	 	 	 	 	 	 	 	 
	 

	 	 	1.	 	 	Deliver to:
	 	J.P. Morgan Europe Limited
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	125 London Wall
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	London EC2Y 5AJ
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	Attention: Loans Agency
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	Telephone No: 44 (0) 207 777 2542
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	Fax No: 44 (0) 207 777 2360

	 	2.	 	Time: Not later than 11:00 A.M., London time, on the last
Business Day preceding the Quotation Day in respect of such Borrowing Date.
	 
	 	3.	 	Information Required: See Exhibit E to this Agreement.

	 	 	Euros:

	 	 	 	 	 	 	 	 	 
	 

	 	 	1.	 	 	Deliver to:
	 	J.P. Morgan Europe Limited
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	125 London Wall
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	London EC2Y 5AJ
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	Attention: Loans Agency
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	Telephone No: 44 (0) 207 777 2542
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	Fax No: 44 (0) 207 777 2360

	 	2.	 	Time: Not later than 11:00 A.M., London time, on the last
Business Day preceding the Quotation Day in respect of such Borrowing Date.
	 
	 	3.	 	Information Required: See Exhibit E to this Agreement.

- 17 -

 

	 	D.	 	Notice of Continuation:

	 	 	Dollars:

	 	 	 	 	 	 	 	 	 
	 

	 	 	1.	 	 	Deliver to:
	 	JPMorgan Chase Bank, N.A.
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	Loan and Agency Services
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	111 Fannin, Floor 10
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	Houston, Texas 77002
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	Attention: Omar Jones
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	Telephone No: 713-750-7912
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	Fax No: 713-750-2938

	 	2.	 	Time: Not later than 11:00 A.M., New York City time, three
Business Days prior to the last day of the current Interest Period.
	 
	 	3.	 	Information Required: See Exhibit G to this Agreement.

	 	 	Danish Kroner:

	 	 	 	 	 	 	 	 	 
	 

	 	 	1.	 	 	Deliver to:
	 	J.P. Morgan Europe Limited
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	125 London Wall
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	London EC2Y 5AJ
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	Attention: Loans Agency
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	Telephone No: 44 (0) 207 777 2542
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	Fax No: 44 (0) 207 777 2360

	 	2.	 	Time: Not later than 11:00 A.M., London time, on the last
Business Day preceding the Quotation Day for the next Interest Period.
	 
	 	3.	 	Information Required: See Exhibit G to this Agreement.

- 18 -

 

	 	 	British Pounds Sterling:

	 	 	 	 	 	 	 	 	 
	 

	 	 	1.	 	 	Deliver to:
	 	J.P. Morgan Europe Limited
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	125 London Wall
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	London EC2Y 5AJ
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	Attention: Loans Agency
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	Telephone No: 44 (0) 207 777 2542
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	Fax No: 44 (0) 207 777 2360

	 	2.	 	Time: Not later than 11:00 A.M., London time, on the last
Business Day preceding the Quotation Day for the next Interest Period.
	 
	 	3.	 	Information Required: See Exhibit G to this Agreement.

	 	 	Swedish Krona:

	 	 	 	 	 	 	 	 	 
	 

	 	 	1.	 	 	Deliver to:
	 	J.P. Morgan Europe Limited
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	125 London Wall
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	London EC2Y 5AJ
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	Attention: Loans Agency
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	Telephone No: 44 (0) 207 777 2542
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	Fax No: 44 (0) 207 777 2360

	 	2.	 	Time: Not later than 11:00 A.M., London time, on the last
Business Day preceding the Quotation Day for the next Interest Period.
	 
	 	3.	 	Information Required: See Exhibit G to this Agreement.

- 19 -

 

	 	 	Canadian Dollars:

	 	 	 	 	 	 	 	 	 
	 

	 	 	1.	 	 	Deliver to:
	 	J.P. Morgan Europe Limited
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	125 London Wall
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	London EC2Y 5AJ
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	Attention: Loans Agency
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	Telephone No: 44 (0) 207 777 2542
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	Fax No: 44 (0) 207 777 2360

	 	2.	 	Time: Not later than 11:00 A.M., London time, on the last
Business Day preceding the Quotation Day for the next Interest Period.
	 
	 	3.	 	Information Required: See Exhibit G to this Agreement.

	 	 	Swiss Francs:

	 	 	 	 	 	 	 	 	 
	 

	 	 	1.	 	 	Deliver to:
	 	J.P. Morgan Europe Limited
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	125 London Wall
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	London EC2Y 5AJ
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	Attention: Loans Agency
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	Telephone No: 44 (0) 207 777 2542
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	Fax No: 44 (0) 207 777 2360

	 	2.	 	Time: Not later than 11:00 A.M., London time, on the last
Business Day preceding the Quotation Day for the next Interest Period.
	 
	 	3.	 	Information Required: See Exhibit G to this Agreement.

- 20 -

 

	 	 	Japanese Yen:

	 	 	 	 	 	 	 	 	 
	 

	 	 	1.	 	 	Deliver to:
	 	J.P. Morgan Europe Limited
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	125 London Wall
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	London EC2Y 5AJ
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	Attention: Loans Agency
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	Telephone No: 44 (0) 207 777 2542
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	Fax No: 44 (0) 207 777 2360

	 	2.	 	Time: Not later than 11:00 A.M., London time, on the last
Business Day preceding the Quotation Day for the next Interest Period.
	 
	 	3.	 	Information Required: See Exhibit G to this Agreement.

	 	 	Hong Kong Dollars:

	 	 	 	 	 	 	 	 	 
	 

	 	 	1.	 	 	Deliver to:
	 	J.P. Morgan Europe Limited
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	125 London Wall
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	London EC2Y 5AJ
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	Attention: Loans Agency
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	Telephone No: 44 (0) 207 777 2542
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	Fax No: 44 (0) 207 777 2360

	 	2.	 	Time: Not later than 11:00 A.M., London time, on the last
Business Day preceding the Quotation Day for the next Interest Period.
	 
	 	3.	 	Information Required: See Exhibit G to this Agreement.

- 21 -

 

	 	 	Singapore Dollars:

	 	 	 	 	 	 	 	 	 
	 

	 	 	1.	 	 	Deliver to:
	 	J.P. Morgan Europe Limited
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	125 London Wall
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	London EC2Y 5AJ
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	Attention: Loans Agency
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	Telephone No: 44 (0) 207 777 2542
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	Fax No: 44 (0) 207 777 2360

	 	2.	 	Time: Not later than 11:00 A.M., London time, on the last
Business Day preceding the Quotation Day for the next Interest Period.
	 
	 	3.	 	Information Required: See Exhibit G to this Agreement.

	 	 	Euros:

	 	 	 	 	 	 	 	 	 
	 

	 	 	1.	 	 	Deliver to:
	 	J.P. Morgan Europe Limited
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	125 London Wall
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	London EC2Y 5AJ
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	Attention: Loans Agency
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	Telephone No: 44 (0) 207 777 2542
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	Fax No: 44 (0) 207 777 2360

	 	2.	 	Time: Not later than 11:00 A.M., London time, on the last
Business Day preceding the Quotation Day for the next Interest Period.
	 
	 	3.	 	Information Required: See Exhibit G to this Agreement.

	II.	 	COMPETITIVE BID REQUEST

	 	A.	 	Deliver to: applicable Lender at its address specified on Schedule I hereto.
	 
	 	B.	 	Time: as determined by the Company and the applicable Lender.
	 
	 	C.	 	Information Required: see Exhibit D to this Agreement.

- 22 -

 

	III.	 	NOTICE OF COMPETITIVE ADVANCE LOAN

	 	 	 	 	 	 	 
	 

	 	A.
	 	Deliver to:
	 	JPMorgan Chase Bank, N.A.
	 
	 	 	 	 	 	 
	 

	 	 	 	 	 	Loan and Agency Services
	 
	 	 	 	 	 	 
	 

	 	 	 	 	 	111 Fannin, Floor 10
	 
	 	 	 	 	 	 
	 

	 	 	 	 	 	Houston, Texas 77002
	 
	 	 	 	 	 	 
	 

	 	 	 	 	 	Attention: Omar Jones
	 
	 	 	 	 	 	 
	 

	 	 	 	 	 	Telephone No: 713-750-7912
	 
	 	 	 	 	 	 
	 

	 	 	 	 	 	Fax No: 713-750-2938

	 	B.	 	Delivery time: By close of business in New York on the Thursday (or, if such
Thursday is not a Business Day, on the next Business Day following such Thursday)
immediately following the day the Competitive Advance Loan is made.
	 
	 	C.	 	Information Required: see Exhibit F to this Agreement.

- 23 -exv10w2

 

Exhibit 10.2

GUARANTEE

          GUARANTEE, dated as of June 22, 2006, made by HARMAN INTERNATIONAL INDUSTRIES, INCORPORATED
(the “Guarantor”) in favor of JPMORGAN CHASE BANK, N.A., as administrative agent (in such
capacity, the “Administrative Agent”) for the several banks and other financial
institutions or entities (the “Lenders”) from time to time parties to the Amended and
Restated Multi-Currency, Multi-Option Credit Agreement, dated as of June 22, 2006 (as amended,
supplemented or otherwise modified from time to time, the “Credit Agreement”), among the
Guarantor, Harman Holding GmbH & Co. KG, a company organized under the laws of Germany
(the “Additional Borrower”), the Lenders, HSBC Bank USA, National Association,
Bayerische Hypo – und Vereinsbank AG, New York Branch and Bank of Tokyo-Mitsubishi Trust Company,
as syndication agents, J.P. Morgan Securities Inc., as arranger, and            the Administrative Agent.

W
I T N E S S E
T H:

          WHEREAS, pursuant to the Credit Agreement, the Lenders have severally agreed to make
extensions of credit to the Additional Borrower upon the terms and subject to the conditions set
forth therein;

          WHEREAS, the Additional Borrower is a wholly owned subsidiary of the Guarantor;

          WHEREAS, the proceeds of the extensions of credit under the Credit Agreement will be used in
part to enable the Additional Borrower to make valuable transfers to the Guarantor in connection
with the operation of its business;

          WHEREAS, the Additional Borrower and the Guarantor are engaged in related businesses, and the
Guarantor will derive substantial direct and indirect benefit from the making of the extensions of
credit under the Credit Agreement; and

          WHEREAS, it is a condition precedent to the obligation of the Lenders to make their respective
extensions of credit to the Additional Borrower under the Credit Agreement that the Guarantor shall
have executed and delivered this Guarantee to the Administrative Agent for the ratable benefit of
the Lenders;

          NOW, THEREFORE, in consideration of the premises and to induce the Administrative Agent and
the Lenders to enter into the Credit Agreement and to induce the Lenders to make their respective
extensions of credit to the Additional Borrower thereunder, the Guarantor hereby agrees with the
Administrative Agent, for the ratable benefit of the Lenders, as follows:

     1. Defined Terms. (a) Unless otherwise defined herein, terms defined in the Credit
Agreement and used herein shall have the meanings given to them in the Credit Agreement.

     (b) The following terms shall have the following meanings:

     “Additional Borrower Obligations”: the collective reference to the unpaid
principal of and interest on the Loans made to the Additional Borrower and all other
financial liabilities of the Additional Borrower to the Administrative Agent or any Lender
(including, without limitation, interest accruing after the maturity or earlier acceleration
of the Loans to the Additional Borrower and interest accruing at the then-applicable rate
provided in the Credit Agreement after the filing

 

 

2

of any petition in bankruptcy, or the commencement of any insolvency, reorganization or
like proceeding, relating to the Additional Borrower, whether or not a claim for post-filing
or post petition interest is allowed in such proceeding), whether direct or indirect,
absolute or contingent, due or become due, now existing or hereafter incurred, which may
arise under, out of, or in connection with, the Credit Agreement, the Loans made to the
Additional Borrower, or any other document made, delivered or given in connection therewith,
in each case whether on account of principal, interest, indemnities, cost, expenses
(including, without limitation, all fees and disbursements of counsel to the Administrative
Agent or any Lender) or otherwise.

     (c) The words “hereof,” “herein” and “hereunder” and words of similar import when used in this
Guarantee shall refer to this Guarantee as a whole and not to any particular provision of this
Guarantee, and section and paragraph references are to this Guarantee unless otherwise specified.

     (d) The meanings given to terms defined herein shall be equally applicable to both the
singular and plural forms of such terms.

     2. Guarantee. (a) The Guarantor hereby unconditionally and irrevocably, guarantees to
the Administrative Agent, for the ratable benefit of the Lenders and their respective successors,
indorsees, transferees and assigns, the prompt and complete payment and performance by the
Additional Borrower when due (whether at the stated maturity, by acceleration or otherwise) of the
Additional Borrower Obligations. Notwithstanding anything to the contrary contained herein,
neither the Administrative Agent nor any of the Lenders shall exercise any of its rights hereunder,
and the Guarantor shall not be obligated to satisfy any of its guaranty obligations hereunder,
until such time that an Event of Default has occurred and is continuing with respect to the
Additional Borrower, the Administrative Agent has given written notice thereof to the Guarantor in
accordance with Section 12.2 of the Credit Agreement and five (5) Business Days have elapsed since
the date of the Guarantor’s receipt of such notice as determined in accordance with such Section
12.2; provided, however, that if any of the Additional Borrower Obligations are
accelerated under the Credit Agreement in accordance with its terms, the Guarantor shall
automatically and immediately be obligated to satisfy its guaranty obligations hereunder.

     (b) Anything herein or in any other Loan Document to the contrary notwithstanding, the maximum
liability of the Guarantor hereunder and under the other Loan Documents shall in no event exceed
the amount which can be guaranteed by the Guarantor under applicable federal and state laws
relating to the insolvency of debtors.

     (c) The Guarantor agrees that the Additional Borrower Obligations may at any time and from
time to time exceed the amount of the liability of the Guarantor hereunder without impairing this
Guarantee or affecting the rights and remedies of the Administrative Agent or any Lender hereunder.

     (d) This Guarantee shall remain in full force and effect until all the Additional Borrower
Obligations and the obligations of the Guarantor under this Guarantee shall have been satisfied by
payment in full and the Commitments shall be terminated or expired, notwithstanding that from time
to time during the term of the Credit Agreement the Additional Borrower may be free from any
Additional Borrower Obligations.

     (e) No payment made by the Additional Borrower, the Guarantor or any other Person or received
or collected by the Administrative Agent or any Lender from the Additional Borrower, the Guarantor,
any other guarantor or any other Person by virtue of any action or proceeding or any set-off or
appropriation or application at any time or from time to time in reduction of or in payment of the
Additional Borrower Obligations shall be deemed to modify, reduce, release or otherwise affect the
liability of the Guarantor hereunder which shall, notwithstanding any such payment (other than any
payment made by the

 

 

3

Guarantor in respect of the Additional Borrower Obligations or any payment received or
collected from the Guarantor in respect of the Additional Borrower Obligations), remain liable for
the Additional Borrower Obligations up to the maximum liability of the Guarantor hereunder until
the Additional Borrower Obligations are paid in full and the Commitments are terminated or expired.

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

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

     5. Guarantee Absolute and Unconditional. The Guarantor waives any and all notice of
the creation, renewal, extension or accrual of any of the Additional Borrower Obligations and
notice of or proof of reliance by the Administrative Agent or any Lender upon this Guarantee or
acceptance of this Guarantee; the Additional Borrower Obligations, and any of them, shall
conclusively be deemed to have been created, contracted or incurred, or renewed, extended, amended
or waived, in reliance upon this Guarantee; and all dealings between the Additional Borrower and
the Guarantor, on the one hand, and the Administrative Agent and the Lenders, on the other hand,
likewise shall be conclusively presumed to have been had or consummated in reliance upon this
Guarantee. The Guarantor waives diligence, presentment, protest, demand for payment and notice of
default or nonpayment to or upon the Additional Borrower with respect to the Additional Borrower
Obligations. The Guarantor understands and agrees that this Guarantee shall be construed as a
continuing, absolute and unconditional guarantee of payment without regard to (a) the validity or
enforceability of the Credit Agreement or any other Loan Document,

 

 

4

any of the Additional Borrower Obligations or any other collateral security therefor or
guarantee or right of offset with respect thereto at any time or from time to time held by the
Administrative Agent or any Lender, (b) any defense, set-off or counterclaim (other than a defense
of payment or performance) which may at any time be available to or be asserted by the Additional
Borrower or any other Person against the Administrative Agent or any Lender, or (c) any other
circumstance whatsoever (with or without notice to or knowledge of the Additional Borrower or the
Guarantor) which constitutes, or might be construed to constitute, an equitable or legal discharge
of the Additional Borrower for the Additional Borrower Obligations, or of the Guarantor under this
Guarantee, in bankruptcy or in any other instance. When making any demand hereunder or otherwise
pursuing its rights and remedies hereunder against the Guarantor, the Administrative Agent or any
Lender may, but shall be under no obligation to, make a similar demand on or otherwise pursue such
rights and remedies as it may have against the Additional Borrower, the Guarantor or any other
Person or against any collateral security or guarantee for the Additional Borrower Obligations or
any right of offset with respect thereto, and any failure by the Administrative Agent or any Lender
to make any such demand, to pursue such other rights or remedies or to collect any payments from
the Additional Borrower, the Guarantor or any other Person or to realize upon any such collateral
security or guarantee or to exercise any such right of offset, or any release of the Additional
Borrower, the Guarantor or any other Person or any such collateral security, guarantee or right of
offset, shall not relieve the Guarantor of any obligation or liability hereunder, and shall not
impair or affect the rights and remedies, whether express, implied or available as a matter of law,
of the Administrative Agent or any Lender against the Guarantor. For the purposes hereof “demand”
shall include the commencement and continuance of any legal proceedings.

     6. Reinstatement. This Guarantee shall continue to be effective, or be reinstated, as
the case may be, if at any time payment, or any part thereof, of any of the Additional Borrower
Obligations is rescinded or must otherwise be restored or returned by the Administrative Agent or
any Lender upon the insolvency, bankruptcy, dissolution, liquidation or reorganization of the
Additional Borrower, or upon or as a result of the appointment of a receiver, intervenor or
conservator of, or trustee or similar officer for the Additional Borrower or any substantial part
of its property, or otherwise, all as though such payments had not been made.

     7. Payments. The Guarantor hereby guarantees that payments hereunder will be paid to
the Administrative Agent without set-off or counterclaim at the Funding Office.

     8. Amendments in Writing. None of the terms or provisions of this Guarantee may be
waived, amended, supplemented or otherwise modified except in accordance with Section 12.1 of the
Credit Agreement.

     9. Notices. All notices, requests and demands to or upon the Administrative Agent or
the Guarantor hereunder shall be effected in the manner provided for in Section 12.2 of the Credit
Agreement.

     10. No Waiver by Course of Conduct; Cumulative Remedies. Neither the Administrative
Agent nor any Lender shall by any act (except by a written instrument pursuant to Section 8),
delay, indulgence, omission or otherwise be deemed to have waived any right or remedy hereunder or
to have acquiesced in any Default or Event of Default. No failure to exercise, nor any delay in
exercising, on the part of the Administrative Agent or any Lender, any right, power or privilege
hereunder shall operate as a waiver thereof. No single or partial exercise of any right, power or
privilege hereunder shall preclude any other or further exercise thereof or the exercise of any
other right, power or privilege. A waiver by the Administrative Agent or any Lender of any right
or remedy hereunder on any one occasion shall not be construed as a bar to any right or remedy
which the Administrative Agent or such Lender would

 

 

5

otherwise have on any future occasion. The rights and remedies herein provided are
cumulative, may be exercised singly or concurrently and are not exclusive of any other rights or
remedies provided by law.

     11. Enforcement Expenses; Indemnification. (a) The Guarantor agrees to pay or
reimburse each Lender and the Administrative Agent for all its costs and expenses reasonably
incurred in collecting against the Guarantor under this Guarantee or otherwise enforcing or
preserving any rights under this Guarantee and the other Loan Documents to which the Guarantor is a
party, including, without limitation, the fees and disbursements of counsel to each Lender and of
counsel to the Administrative Agent.

     (b) The Guarantor agrees to pay, and to save the Administrative Agent and the Lenders harmless
from, any and all liabilities with respect to, or resulting from any delay in paying, any and all
stamp, excise, sales or other taxes which may be payable or determined to be payable in connection
with any of the transactions contemplated by this Guarantee.

     (c) The Guarantor agrees to pay, and to save the Administrative Agent and the Lenders harmless
from, any and all liabilities, obligations, losses, damages, penalties, actions, judgments, suits,
costs, expenses or disbursements of any kind or nature whatsoever with respect to the execution,
delivery, enforcement, performance and administration of this Guarantee to the extent the Borrowers
would be required to do so pursuant to Section 12.5 of the Credit Agreement.

     (d) The agreements in this Section 11 shall survive repayment of the Additional Borrower
Obligations and all other amounts payable under the Credit Agreement and the other Loan Documents.

     12. Successors and Assigns. This Guarantee shall be binding upon the successors and
assigns of the Guarantor and shall inure to the benefit of the Administrative Agent and the Lenders
and their successors and assigns; provided that the Guarantor may not assign, transfer or
delegate any of its rights or obligations under this Guarantee without the prior written consent of
the Administrative Agent.

     13. Set-Off. The Guarantor hereby irrevocably authorizes the Administrative Agent and
each Lender at any time and from time to time, without notice to the Guarantor, any such notice
being expressly waived by the Guarantor, to set-off and appropriate and apply any and all deposits
(general or special, time or demand, provisional or final), in any currency, and any other credits,
indebtedness or claims, in any currency, in each case whether direct or indirect, absolute or
contingent, matured or unmatured, at any time held or owing by the Administrative Agent or such
Lender to or for the credit or the account of the Guarantor, or any part thereof in such amounts as
the Administrative Agent or such Lender may elect, against and on account of the obligations and
liabilities of the Guarantor to the Administrative Agent or such Lender hereunder and claims of
every nature and description of the Administrative Agent or such Lender against the Guarantor, in
any currency, whether arising hereunder, under the Credit Agreement, any other Loan Document or
otherwise, as the Administrative Agent or such Lender may elect, whether or not the Administrative
Agent or any Lender has made any demand for payment and although such obligations, liabilities and
claims may be contingent or unmatured. The Administrative Agent and each Lender shall notify the
Guarantor promptly of any such set-off and the application made by the Administrative Agent or such
Lender of the proceeds thereof, provided that the failure to give such notice shall not
affect the validity of such set-off and application. The rights of the Administrative Agent and
each Lender under this Section 13 are in addition to other rights and remedies (including, without
limitation, other rights of set-off) which the Administrative Agent or such Lender may have.

     14. Severability. Any provision of this Guarantee which is prohibited or
unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of
such prohibition or unenforceability without invalidating the remaining provisions hereof, and any
such prohibition or

 

 

6

unenforceability in any jurisdiction shall not invalidate or render unenforceable such
provision in any other jurisdiction.

     15. Section Headings. The Section headings used in this Guarantee are for convenience
of reference only and are not to affect the construction hereof or be taken into consideration in
the interpretation hereof.

     16. Integration. This Guarantee and the other Loan Documents represent the agreement
of the Guarantor, the Administrative Agent and the Lenders with respect to the subject matter
hereof and thereof, and there are no promises, undertakings, representations or warranties by the
Administrative Agent or any Lender relative to subject matter hereof and thereof not expressly set
forth or referred to herein or in the other Loan Documents.

     17. GOVERNING LAW. THIS GUARANTEE SHALL BE GOVERNED BY, AND CONSTRUED AND INTERPRETED
IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK.

     18. WAIVER OF JURY TRIAL. THE GUARANTOR HEREBY IRREVOCABLY AND UNCONDITIONALLY WAIVES
TRIAL BY JURY IN ANY LEGAL ACTION OR PROCEEDING RELATING TO THIS GUARANTEE OR ANY OTHER LOAN
DOCUMENT AND FOR ANY COUNTERCLAIM THEREIN.

     19. Judgment Currency. (a) If for the purpose of obtaining judgment in any court it
is necessary to convert a sum due hereunder in one currency into another currency, the parties
hereto agree, to the fullest extent that they may effectively do so, that the rate of exchange used
shall be that at which in accordance with normal banking procedures the Administrative Agent could
purchase the first currency with such other currency in the city in which it normally conducts its
foreign exchange operation for the first currency on the Business Day preceding the day on which
final judgment is given.

     (b) The obligation of the Guarantor in respect of any sum due from it to any Lender hereunder
shall, notwithstanding any judgment in a currency (the “Judgment Currency”) other than that
in which such sum is denominated in accordance with the applicable provisions of this Guarantee and
the Credit Agreement (the “Agreement Currency”), be discharged only to the extent that on
the Business Day following receipt by such Lender of any sum adjudged to be so due in the Judgment
Currency such Lender may in accordance with normal banking procedures purchase the Agreement
Currency with the Judgment Currency; if the amount of Agreement Currency so purchased is less than
the sum originally due to such Lender in the Agreement Currency, the Guarantor agrees
notwithstanding any such judgment to indemnify such Lender against such loss, and if the amount of
the Agreement Currency so purchased exceeds the sum originally due to any Lender, such Lender
agrees to remit to the Guarantor such excess.

 

 

          IN WITNESS WHEREOF, each of the undersigned has caused this Guarantee to be duly executed and
delivered by its duly authorized officer as of the day and year first above written.

	 	 	 	 	 
	 	HARMAN INTERNATIONAL INDUSTRIES, INCORPORATED

 	 
	 	By:  	/s/ Kevin Brown
 	 
	 	 	Name:  	Kevin Brown 	 
	 	 	Title:  	Vice President, Chief Financial
Officer and Assistant Secretary

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